ICT YT - 2024-09-16 - ICT 2024 Mentorship - Lecture 28

Last modified by Drunk Monkey on 2024-09-25 09:33

1	00:01:10 --> 00:01:13	ICT: I like big button. I cannot lie. Good morning. Good morning. Good
2	00:01:13 --> 00:01:18	morning. How are you? Hope you're doing well, see if I can get an audio check
3	00:01:18 --> 00:01:23	here. See if the man can be heard, let's See. Let's see.
4	00:01:36 --> 00:01:39	Don't see my stream. Actually, I
5	00:01:55 --> 00:02:01	I can't see it or hear it from my side, so I'm going to check Twitter, and if
6	00:02:01 --> 00:02:10	you guys can give me a audio check, just give me five by five, if you can hear
7	00:02:10 --> 00:02:24	me, and if I get that from you all, that means I can begin to bloom. I believe I
8	00:02:24 --> 00:02:32	can be heard all right. Again. Good morning. Good morning. I don't know why
9	00:02:32 --> 00:02:35	the volume is low. You're gonna have to turn your volume up and listen to me
10	00:02:35 --> 00:02:38	with headphones. I'm not sure what's going on. I think YouTube's trying to
11	00:02:38 --> 00:02:43	keep you from learning they better crank it up. They're going to make money,
12	00:02:44 --> 00:02:51	alright? So, yeah, I'm not sure why. There's everybody saying it's low
13	00:02:51 --> 00:02:56	volume, but I'm, I'm literally almost kissing the microphone. Let's put it
14	00:02:56 --> 00:03:04	that way. And I'm just, I don't feel that romantic at the moment. So we are
15	00:03:04 --> 00:03:17	looking at the NASDAQ here today, and we had our opening here, and there's a 15
16	00:03:17 --> 00:03:24	second chart, and lower right, just trade through the new day opening gap of
17	00:03:24 --> 00:03:32	last Friday. The overlay I'm using, I'm testing them out this one here. If you
18	00:03:32 --> 00:03:38	create this one, you know who you are, I just want you to correct that date,
19	00:03:38 --> 00:03:43	because it should be the next day, I mentioned this on Twitter, so that's a
20	00:03:43 --> 00:03:48	little little distracting for me. So on the five minute chart, I have that in
21	00:03:48 --> 00:03:58	the left hand lower corner, so we have our discount opening range gap right
22	00:03:58 --> 00:04:04	here. Midpoint is right there, just so happens to be an old, new day opening
23	00:04:04 --> 00:04:06	gap, low in close proximity to that. So
24	00:04:17 --> 00:04:20	we'll see if we can get a little bit of a bounce in here. Get up in the opening
25	00:04:20 --> 00:04:35	range, gap changes back to electronic trading hours. So 470-454-7450, is where
26	00:04:35 --> 00:04:40	I'm focusing initially. So that way, I'm not trying to force a bias. I'm not
27	00:04:40 --> 00:04:45	trying to have Caleb know for sure what direction to work within. First thing we
28	00:04:45 --> 00:04:50	do is we watch and see if there's any formation of a gap. We have a pretty
29	00:04:50 --> 00:05:00	respectable one this morning, and this week we'll be pushing buttons. You. It's
30	00:05:00 --> 00:05:02	about time. Daniel's
31	00:05:07 --> 00:05:10	getting ready to cuss me again. I still hear water bottle you're not drinking
32	00:05:10 --> 00:05:16	Yeti, I'm not used to having it, so I forget about it, but I remember it every
33	00:05:16 --> 00:05:22	time I hear the bottle start blinking. Right? Creatures of habit have to be
34	00:05:22 --> 00:05:32	trained, alrighty. Then now let's look at the the one minute chart here. I'm
35	00:05:32 --> 00:05:38	waiting to see if we get a fair value gap there again, the first few minutes
36	00:05:38 --> 00:05:43	of trading. Let them have it, let them do whatever they want to do with it,
37	00:05:44 --> 00:05:48	whatever range they create, whatever expansion, whatever reversal, whatever
38	00:05:48 --> 00:05:53	is going to happen, is going to happen, jumping in it, trying to, you know,
39	00:05:53 --> 00:05:59	predict what you should be trying to do without looking at price. First, little
40	00:05:59 --> 00:06:00	foolish.
41	00:06:05 --> 00:06:12	Now 15 second chart, I like how the bodies have been respecting this new
42	00:06:12 --> 00:06:16	David and gap this again, this is Fridays, so the date's going to be
43	00:06:16 --> 00:06:20	incorrect here. I'm not trying to beat up on the person that coded it, but
44	00:06:20 --> 00:06:24	that's just a little cosmetic thing, But for me, it's a big deal.
45	00:06:35 --> 00:06:36	Hourly chart. I
46	00:06:45 --> 00:06:46	this wick right here.
47	00:06:52 --> 00:06:59	That one right there. Watch the 33 34.5 level, if we could go down there and
48	00:06:59 --> 00:07:07	touch that, getting through that with a lot of momentum sets us up for maybe a
49	00:07:07 --> 00:07:17	run into that Thursday and CO sign that one, yet we're just sitting still and
50	00:07:17 --> 00:07:28	waxing no reason to chase it. So today is the first day of our week where I'm
51	00:07:28 --> 00:07:34	trying to teach my son entries and how to pick the right fair value gap. I get
52	00:07:34 --> 00:07:37	that question a lot. You know, how do you know which one is the right fair
53	00:07:37 --> 00:07:41	value got? Well, it comes with trial and error in the beginning, and I'm going to
54	00:07:41 --> 00:07:49	give exercises for Caleb to and hit that. There you go. So we have our
55	00:07:49 --> 00:08:01	consequent encroachment level here, one minute chart. We have our first gap.
56	00:08:01 --> 00:08:10	Right up in here. Real small, right there, tiny little thing. It's all it
57	00:08:10 --> 00:08:10	takes, though.
58	00:08:16 --> 00:08:23	So big. Give back today. There's the a medium impact news driver came out 830 I
59	00:08:23 --> 00:08:27	could care less about the data in it. I don't worry about those those numbers.
60	00:08:27 --> 00:08:33	I'm going to trust what the price is doing more than what the data is,
61	00:08:33 --> 00:08:38	because the data is always fluffed if the market doesn't go where the data
62	00:08:38 --> 00:08:43	would indicate based on everybody else's opinion of it. For instance, if the data
63	00:08:43 --> 00:08:46	is supposed to be good for the economy or good for the market, and the market
64	00:08:46 --> 00:08:49	goes the other way, then they'll just say, well, it was priced in, but they
65	00:08:49 --> 00:08:52	didn't give you a report saying that I priced in, so they were always going to
66	00:08:52 --> 00:08:55	explain it away. So just, might as well just look at price and see what's see
67	00:08:55 --> 00:09:02	what's going to happen around the open. So far, we had a really good gap opening
68	00:09:02 --> 00:09:14	lower go back to rate retreating hours on the five minute chart. Don't want to
69	00:09:14 --> 00:09:14	do that,
70	00:09:22 --> 00:09:29	buddy. I so still very large opening gap just open straight from jump, straight
71	00:09:30 --> 00:09:37	and traded lower the sell side below here, and that wick, that red level
72	00:09:37 --> 00:09:42	right here, that's this wick on the hourly chart, upper left hand corner
73	00:09:42 --> 00:09:48	chart. If you're watching the price axis, you're going to be confused. Upper
74	00:09:48 --> 00:09:54	left hand corner chart up here, it's the wick underneath my cursor right there,
75	00:09:55 --> 00:09:59	that middle of that wick is what I highlighted and told you to watch that
76	00:09:59 --> 00:10:04	I'm. That's the same level down here in the lower left hand corner chart. This
77	00:10:04 --> 00:10:09	is a five minute chart. We went below the cell side here, and we're trading
78	00:10:09 --> 00:10:20	inside of this gap that's on the 12:50pm from last Thursday. I And
79	00:10:27 --> 00:10:37	there's the opening range gap on the 15 second chart. Mid gap is here, so that's
80	00:10:37 --> 00:10:47	consequent correction of the opening range gap. So look at the one minute
81	00:10:47 --> 00:10:54	chart, that's real, real nice right there, clean, equal highs straight down,
82	00:10:54 --> 00:10:57	right from the opening. So you know what retail wants to do. They want to be
83	00:10:57 --> 00:11:10	short. And we have a new day opening. Gap low here, just close to that mid
84	00:11:10 --> 00:11:10	gap.
85	00:11:18 --> 00:11:23	So some of the exercises I'm going to show you today. Well, I won't show you
86	00:11:23 --> 00:11:27	many of them until I probably I'll start off with one. I want to ease into it,
87	00:11:27 --> 00:11:32	but each day I'm going to teach you what you can practice with using the lower
88	00:11:32 --> 00:11:39	time frame charts. Now, for folks that don't have sub one minute charts, it's
89	00:11:39 --> 00:11:43	the same thing one on one minute chart. So I'll kind of do an example of it in
90	00:11:43 --> 00:11:47	the one minute chart today, and I'll do an example of it in the 15 second chart
91	00:11:47 --> 00:11:54	so that we guys can see it and get a baseline going forward each day. I'll do
92	00:11:54 --> 00:11:58	several examples based on what the chart and with what the market is presenting
93	00:11:58 --> 00:12:07	to me. There will be times where I will say, This is what would look like a fair
94	00:12:07 --> 00:12:11	value gap. So that way, you know in advance what I'm talking about, and
95	00:12:11 --> 00:12:16	we'll test using ones that I don't necessarily agree with. So it gives
96	00:12:16 --> 00:12:20	Caleb and all of you a chance to see what it looks like when you're not doing
97	00:12:20 --> 00:12:24	it correctly, and how you'll be able to identify it right away, because there's
98	00:12:24 --> 00:12:28	certain signatures that it should present to you if the fair value gap is
99	00:12:28 --> 00:12:34	valid, these are the things I personally look for. If they don't have all of
100	00:12:34 --> 00:12:39	them, and they have a few of them, you can still practice with it. But if you
101	00:12:39 --> 00:12:43	get in an adverse result. Don't beat yourself up about because they're
102	00:12:43 --> 00:12:48	drills. Drills are just practice. Their practice sessions is all they are. You
103	00:12:48 --> 00:12:52	won't get good at entries until you practice them a lot. You will not know
104	00:12:52 --> 00:12:57	how to buy and sell and add to the positions and pyramid unless you do
105	00:12:57 --> 00:13:03	these very basic ideas. But we got to let the market shake out its initial
106	00:13:04 --> 00:13:10	excitement here, then go here and start clicking some buttons. As you can see, I
107	00:13:10 --> 00:13:14	have it set to one contract, and today I'm going to be doing just primarily the
108	00:13:14 --> 00:13:19	discussion on the mini contract. Tomorrow I will most likely be rolled
109	00:13:19 --> 00:13:24	over into December contracts right now. We're trading with the September
110	00:13:24 --> 00:13:30	delivery tomorrow, if everything's as I expect it to be, I go to bar chart.com
111	00:13:31 --> 00:13:37	I'll post a picture of it on my community. Post of my YouTube channel,
112	00:13:38 --> 00:13:42	showing you what I'm looking at and what is the reason why I'm rolling over.
113	00:13:42 --> 00:13:47	Okay, because if you're not familiar with it, it's probably going to be, you
114	00:13:47 --> 00:13:50	know, unclear to you what I'm referring to. So I'm going to show you what it
115	00:13:50 --> 00:13:55	looks like and how I determine when I'm going to roll over. Most everybody else
116	00:13:55 --> 00:13:59	is waiting for their favorite live streamer or the person that they like to
117	00:13:59 --> 00:14:02	follow on social media. When they say the rollover, I'm looking for specific
118	00:14:02 --> 00:14:07	numbers to tell me when I'm going to stop worrying about the September
119	00:14:07 --> 00:14:11	contract, or what is considered the nearby contract, and I'm going to trade
120	00:14:11 --> 00:14:17	the next month out, which in this case is December. And the symbol for that, if
121	00:14:17 --> 00:14:25	you want to have that handy, it's going to be n, Q, Z, as in Zipper, 202, 4z. Is
122	00:14:25 --> 00:14:27	the contract delivery month code for December.
123	00:14:36 --> 00:14:39	All right, some of the things I like to look for is like we went down below this
124	00:14:39 --> 00:14:44	low here, straight shot right from the opening bell. We have all these wicks in
125	00:14:44 --> 00:14:49	here. And generally, even if it is inside of this city here, folks will
126	00:14:49 --> 00:14:53	look at that and think that that's something to go short on. I like the
127	00:14:53 --> 00:14:56	fact that it went down into that volume imbalance right here on the one minute
128	00:14:56 --> 00:14:59	chart with this candlestick here and now, I want to see, does it want to go
129	00:14:59 --> 00:15:04	high? Or to reach back up into end dog here, and then maybe get up into the buy
130	00:15:04 --> 00:15:10	side there and see if we can get to mid gap, which is consequent crushing that
131	00:15:10 --> 00:15:18	red level up here. I got a little too many lines on the chart for my liking.
132	00:15:18 --> 00:15:20	So clean on. I
133	00:15:26 --> 00:15:28	go back into a 15 minute chart upper left hand corner.
134	00:15:42 --> 00:15:56	I'm so when I'm coaching Caleb and when I'm trying to teach students, when I
135	00:15:56 --> 00:16:00	used to do one on one sessions, I do not teach one on one sessions anymore. I did
136	00:16:00 --> 00:16:06	that in the 90s. But what I would do is I would give the ideas of what I want to
137	00:16:06 --> 00:16:11	see in price that would either frame a setup. For instance, if we make another
138	00:16:11 --> 00:16:14	attempt to go lower, first of all, let's, let's do this first let's cancel
139	00:16:14 --> 00:16:19	that out. I already outlined that I want to see it fail with this sell side and
140	00:16:19 --> 00:16:21	balance by side. Efficiency. In other words, some of you, I'm going to
141	00:16:21 --> 00:16:23	maximize just this chart for right now. Okay.
142	00:16:29 --> 00:16:40	Most of you may look at this like that and think, Okay, it's gone up and it's
143	00:16:41 --> 00:16:49	rebalanced that out, so therefore it should sell off. Well, it can. I don't.
144	00:16:49 --> 00:16:54	I don't personally want to see that. I would rather see this one fail. That's
145	00:16:54 --> 00:16:57	what I'd like to see. I would like to see that one fail, meaning that, since
146	00:16:57 --> 00:17:02	we went to the top of it here and here, if you split that inefficiency in half,
147	00:17:09 --> 00:17:12	I want to see it stay in the upper half. If it has any retracements, I don't want
148	00:17:12 --> 00:17:17	to see it go back in the lower half. Okay, so right away, we're talking about
149	00:17:17 --> 00:17:21	how to look for fair value gaps that shouldn't be viewed as a shorting
150	00:17:21 --> 00:17:25	opportunity, because you would have been stopped or very close to being stopped
151	00:17:25 --> 00:17:30	out already, because the rules are, whatever the fair value gap is that has
152	00:17:30 --> 00:17:35	the imbalance candle, there's always three, okay, there's three candles that
153	00:17:35 --> 00:17:44	make A fair value gap. Your eyes being trained. Caleb, for the most part, he
154	00:17:44 --> 00:17:49	can see these, but they're not always jumping out at him, because especially
155	00:17:49 --> 00:17:53	if there's multiple fair value gaps, okay, or what would be considered
156	00:17:53 --> 00:17:58	visually representing a fair value gap, like he would look at this one and he
157	00:17:58 --> 00:18:01	would look at this one. If there's multiple ones, it's like, which one do
158	00:18:01 --> 00:18:04	you use? It's the same questions that all of you are leaving in my comment
159	00:18:04 --> 00:18:08	section, the same ones that my private students, sometimes they'll ask me,
160	00:18:08 --> 00:18:12	it's, you want a nuts to bolts? This is what you're doing. That's what we're
161	00:18:12 --> 00:18:18	covering this week. Okay, the whole week is going to be specific to that, but you
162	00:18:18 --> 00:18:21	have to let me talk about the details. Okay, because it's not just one
163	00:18:21 --> 00:18:25	sentence. There's going to be variations to certain things that way, when you
164	00:18:25 --> 00:18:29	write them down, when you take screenshots, every time I draw
165	00:18:29 --> 00:18:31	attention, like I mentioned this one here, you should already have that
166	00:18:31 --> 00:18:35	screenshot. Let me get this other way that should be screenshotted right
167	00:18:35 --> 00:18:41	there. Okay, so some of you saw this one right here, and maybe you did take the
168	00:18:41 --> 00:18:47	short in here. And if you were to use the rules that a valid fair value gap
169	00:18:47 --> 00:18:53	employees, the stop loss would be above the number two candle in the three
170	00:18:54 --> 00:19:00	candlestick formation that makes a fair value gap. So if we look at it like
171	00:19:00 --> 00:19:01	this, I
172	00:19:27 --> 00:19:28	let's make it look taller and
173	00:19:46 --> 00:19:55	one candle, two and three, if the market has moved lower, this candlestick in the
174	00:19:55 --> 00:20:02	middle, that is your, your. Your kind of your trigger candle. That's the one
175	00:20:02 --> 00:20:09	you're watching to see. Stay open. This is number one candle. This is number two
176	00:20:09 --> 00:20:14	candle. Number two candle is where your stop loss is. That's your if you're
177	00:20:14 --> 00:20:18	really trying to use the most leverage, not that that's something you should be
178	00:20:18 --> 00:20:21	encouraged to hear. I'm not trying to encourage you to over leverage, but if
179	00:20:21 --> 00:20:24	you're going to be using maximum using maximum leverage, you're placing your
180	00:20:24 --> 00:20:29	stop loss right there, the conservative stop where you're not over leveraging,
181	00:20:29 --> 00:20:32	where you're a one contract trader, and you're just not trying to push it too
182	00:20:32 --> 00:20:35	hard, and you like to be comfortable in your trade. You don't be scared out. You
183	00:20:35 --> 00:20:38	don't be worrying about too much of every fluctuation the number one candle
184	00:20:38 --> 00:20:42	is where your stop loss is okay. So right away, we've already cleared the
185	00:20:42 --> 00:20:46	air and removed all the confusion about where stop losses go and what
186	00:20:46 --> 00:20:52	candlestick is the trigger. If the market price is down below here, and
187	00:20:52 --> 00:20:55	you're looking for lower prices, even still lower than that, if the market
188	00:20:55 --> 00:21:09	trades up this candlestick number three, this is your entry that that candle
189	00:21:09 --> 00:21:15	sticks high, or one tick below it. If you're absolutely 100% certain that you
190	00:21:15 --> 00:21:20	believe strongly that it's going to drop, I will use a one tick below that
191	00:21:20 --> 00:21:27	candle sticks high. Now you can do something like this. Don't worry.
192	00:21:27 --> 00:21:31	There's plenty of here that you guys for me to trade off. Just focus here. First
193	00:21:31 --> 00:21:34	we have to lay the groundwork. You'll see me pushing buttons today. Just sits
194	00:21:34 --> 00:21:42	your ass still the low and the high that is your consequent encroachment of this
195	00:21:42 --> 00:21:50	hypothetical fair value guy. Okay, so this to this candlesticks high. That's
196	00:21:50 --> 00:22:00	your sweet spot in a perfect world, if all things being perfect, this is your
197	00:22:00 --> 00:22:07	ideal entry point right in here. Now I'm going to tell you how why we are not
198	00:22:07 --> 00:22:11	supplying demand, and you can put the middle finger up to everybody that tries
199	00:22:11 --> 00:22:14	to say that, if that's what it is, because today, you're going to find out
200	00:22:14 --> 00:22:20	what defines behind why it's not zones. We don't deal with zones. And you want
201	00:22:20 --> 00:22:24	to screenshot that. Okay, so we've seen it go down into the lower half of this
202	00:22:25 --> 00:22:32	city, which is a fair value gap that has a down close. It knocked out anyone that
203	00:22:32 --> 00:22:38	went short. Traded down once more to the consequent encroachment a mohawk, which
204	00:22:38 --> 00:22:42	is just calling outside the lines and trading up into the end all new day
205	00:22:42 --> 00:22:48	opening gap. And this is again, Friday's New Day open gap, right here. The
206	00:22:48 --> 00:22:49	liquidity is this.
207	00:22:59 --> 00:23:00	That's your buy side.
208	00:23:13 --> 00:23:20	Right there and then up here is mid gap, or consequent encouragement of the
209	00:23:20 --> 00:23:26	opening range gap, and that's all that we need to worry about at this moment.
210	00:23:26 --> 00:23:27	For you. Caleb, you
211	00:23:45 --> 00:23:50	Okay, so we have a small little gap in here. Notice it's over here. It's the
212	00:23:50 --> 00:23:56	same thing, just going lower. So we have a fair value gap there, and we have a
213	00:23:56 --> 00:24:05	fair value gap right there. This, to me, isolates all this price action. So I
214	00:24:05 --> 00:24:10	view this as a balanced price range. I would prefer it not to see that fill in.
215	00:24:11 --> 00:24:15	It doesn't mean if it goes down and fills it and touches this candle sticks
216	00:24:16 --> 00:24:20	high, or the small little volume bounce that has to be included, like you're
217	00:24:20 --> 00:24:25	drawing this fair value gap here. You can't just use the wick to wick like
218	00:24:25 --> 00:24:30	that. It's not valid. That's not valid. You want to use the volume imbalance
219	00:24:30 --> 00:24:39	that's part of and inside of, okay, that's incorrect. This I'm
220	00:24:45 --> 00:24:49	that's valid because you're you're taking consideration that the difference
221	00:24:49 --> 00:24:54	between two bodies that they are not touching. So you have to have all the
222	00:24:54 --> 00:24:57	way down to the previous candle, or number one candle, in this case, which
223	00:24:57 --> 00:25:03	is the opposite of this. You. Okay, so we want to see a trade above the end dog
224	00:25:03 --> 00:25:07	come back down. It can use the top or the midpoint of that spring from that up
225	00:25:07 --> 00:25:12	into the minor buy side, maybe, hopefully accelerate and reach into that
226	00:25:12 --> 00:25:12	mid gap.
227	00:25:19 --> 00:25:24	And we still got about seven minutes or so see if we can hit that mid gap.
228	00:25:24 --> 00:25:29	Because again, 70% of the time it's not 100% 70% of the time mid gap gets hit
229	00:25:29 --> 00:25:34	within the first 30 minutes. So back to this discussion here for fair value
230	00:25:34 --> 00:25:39	gaps, we're not supplying demand. We don't trade in zones. So since number
231	00:25:39 --> 00:25:45	three candle, that is your entry candle number two candle is your framing of the
232	00:25:45 --> 00:25:51	fair Vega. What's the what's the part? That's the area where price should come
233	00:25:51 --> 00:25:56	back and revisit it. It's the candle that has no previous candles, low
234	00:25:56 --> 00:26:02	touching the next candle after no words. In a perfect world, this candlestick
235	00:26:02 --> 00:26:07	should touch this candlestick and have a bridge between those two price points.
236	00:26:08 --> 00:26:13	But as we see here, it's being shown with just one candlestick. So it's one
237	00:26:13 --> 00:26:18	pass through or single delivery between this candlesticks low to where this
238	00:26:18 --> 00:26:24	candle makes its high. So as soon as the next candle number four opens, you have
239	00:26:24 --> 00:26:28	a valid reason to anticipate a return back up into that fear you got. It may
240	00:26:28 --> 00:26:31	not do so. It may just keep on dropping down. If it does, just let it do it.
241	00:26:32 --> 00:26:37	Don't, don't worry about it, because your eyesight, your eyesight, your your
242	00:26:37 --> 00:26:43	focus, rather, should be in the mid part of the gap that is framed by this
243	00:26:43 --> 00:26:47	candlesticks low, and this candle sticks high, and you drop a fib on it. Same
244	00:26:48 --> 00:26:51	thing is accomplished when you put the little horizontal line on your
245	00:26:51 --> 00:26:56	rectangles, when you drop your rectangles in, and you go to style this
246	00:26:56 --> 00:26:59	midline is basically going to give you the same thing that you get when you put
247	00:26:59 --> 00:27:04	a Fibonacci on it and had the 50% level. It's consequent encroachment. It's the
248	00:27:04 --> 00:27:11	midpoint. If we're bearish, the ideal, optimal entries are going to be formed
249	00:27:11 --> 00:27:16	at the lower half. Why? Because you want to see that upper half, this level up to
250	00:27:16 --> 00:27:21	this candle, sticks low, stay open. You want that to remain open, because if it
251	00:27:21 --> 00:27:26	does, that means you have a very strong probability that you're right and you're
252	00:27:26 --> 00:27:31	going to be on side, and that's that's a fun thing to to be on, and there's
253	00:27:32 --> 00:27:36	signatures that the algorithm signals to you that that's what it's trying to do.
254	00:27:36 --> 00:27:40	And you don't have to worry about you don't you're not fearful of it. You're
255	00:27:40 --> 00:27:46	going to smoke that minor buy side? You're already grinning, aren't you the
256	00:27:46 --> 00:27:53	good man? This guy's literally teaching what the future holds. Not for
257	00:27:53 --> 00:27:57	everybody. A lot of you guys are going to tap out. You're not going to want to
258	00:27:57 --> 00:28:01	do the work. But why? We are not treating in zones. Okay, well, this
259	00:28:01 --> 00:28:07	looks like a zone. ICT, you're shading this area here. There are specific price
260	00:28:07 --> 00:28:14	levels this low that candle number one to candle number three is high. That's
261	00:28:14 --> 00:28:17	what I have a Fibonacci on hypothetically, because these are just
262	00:28:17 --> 00:28:22	candles I drew out. They're not there. The same thing we're going to look at on
263	00:28:22 --> 00:28:25	the actual fair value gaps in price. But this is the stuff that you write down
264	00:28:25 --> 00:28:28	and you draw this out in your notebook. Okay, you're welcome. You might get out
265	00:28:28 --> 00:28:32	of the way. You're welcome to take that screenshot like that and then scribble
266	00:28:32 --> 00:28:36	all of your notes around that. But what you're looking for is, I, personally,
267	00:28:36 --> 00:28:41	this is my favorite way of doing it, because if you look at my charts when
268	00:28:41 --> 00:28:46	I'm doing executions, you might see where I'm just a little bit ahead of a
269	00:28:46 --> 00:28:50	fair value gap, or I'm just a little bit ahead of a bearish order block, because
270	00:28:50 --> 00:28:54	I know what I'm looking for. So I want to make sure I get filled because I'm
271	00:28:54 --> 00:28:58	trying to trade in markets that are very heavy when I'm bearish or very, very
272	00:28:58 --> 00:29:03	light and more likely to run higher when I'm bullish, so I want to make sure I
273	00:29:03 --> 00:29:07	get filled. I don't like missing my entries. I don't I'm not worried about
274	00:29:07 --> 00:29:11	missing the trade. That is, I have 81 ways to get into that same trade. But
275	00:29:11 --> 00:29:16	the thing is that you are not learning how to trade a zone. There's very
276	00:29:16 --> 00:29:20	specific price levels, and what are they? Are this? It's the high of candle
277	00:29:20 --> 00:29:24	number three, when you're trading a bearish fair value gap, look at that buy
278	00:29:24 --> 00:29:30	side. Look at that. Who doesn't like this? Patrick. Patrick, you watching
279	00:29:30 --> 00:29:36	take notes. Brother. So that price right there, if it trades up into that, you
280	00:29:36 --> 00:29:41	can be short. I would be short. One tick below this candle sticks high, and then
281	00:29:41 --> 00:29:46	if it trades up to the lower quadrant of this gap, I'm adding one more. What do
282	00:29:46 --> 00:29:49	you think I'm adding there? That's the four contracts. So I'm going to enter
283	00:29:49 --> 00:29:53	short I'm not saying this is, let me slow down real quick, but I'm just
284	00:29:53 --> 00:29:59	teaching you by theory, what you watch me do all the time in my examples. Okay,
285	00:29:59 --> 00:30:04	I'm. I'm doing this and I'm repeating it over and over and over and over again,
286	00:30:05 --> 00:30:10	and it's something that you're going to be able to do if you practice this.
287	00:30:11 --> 00:30:19	Okay. Entry six contracts at candle number three is high, less one tick, if
288	00:30:19 --> 00:30:24	I'm not there at the time to get that on soon as it trades to this candle sticks
289	00:30:24 --> 00:30:31	high as it's happening, I'm going short rate the market, and then I'm watching
290	00:30:31 --> 00:30:36	price. I want to see price kiss that lower quadrant level that makes that
291	00:30:36 --> 00:30:43	fair value gaps range. Okay, I'm going to add four more there, and then
292	00:30:43 --> 00:30:48	whatever I feel comfortable with if I get another opportunity to short that'll
293	00:30:48 --> 00:30:54	happen if it touches consequent encouragement, if, if, and it doesn't
294	00:30:54 --> 00:30:58	always happen if it trades up in The upper half. In other words, it does
295	00:30:58 --> 00:30:59	this, I'm
296	00:31:04 --> 00:31:09	now we're up in upper region. Now I have a real deep, deep, deep discount. I'm
297	00:31:09 --> 00:31:15	sorry, premium, I'm trying to sell at extremely high price. Then what I'm
298	00:31:15 --> 00:31:21	going to do is I'm going to toss in like, two contracts, two more contracts,
299	00:31:21 --> 00:31:26	as long as it's spending time up in here and it keeps tapping, and if it shows
300	00:31:26 --> 00:31:31	the body staying inside of this candle sticks low. Number one candles low, I
301	00:31:31 --> 00:31:36	will allow it to wick through that. It's okay for it to do that, because my stop
302	00:31:36 --> 00:31:39	loss is going to be resting one tick above this candle sticks high. It's
303	00:31:40 --> 00:31:44	going to take a real move to disrupt that, and I already know, as I proved
304	00:31:44 --> 00:31:48	here, I knew how to find fair value gaps that fail, and I will tell you why that
305	00:31:48 --> 00:31:52	one was not a good one. So settle down. You're screaming at the monitor, dude,
306	00:31:52 --> 00:31:57	tell me why you didn't bleep. I'm going to tell you, trust me, it's all part of
307	00:31:57 --> 00:32:02	the purchase price of coming here today, no refunds. So we have this level here
308	00:32:02 --> 00:32:06	that we allow for the wicks to form through it, but we don't want to ever
309	00:32:06 --> 00:32:11	want to see the bodies close above it. We don't want to see that. So that's how
310	00:32:11 --> 00:32:16	I'm internalizing what I'm expecting when price is trading up into the fair
311	00:32:16 --> 00:32:21	value gap. My entry price point is specific. It's not how do I get in this
312	00:32:21 --> 00:32:26	zone? How do I trade this zone? That's bullshit. We have to know what levels
313	00:32:26 --> 00:32:30	we're trading. Okay, so if it's going to trade in an above the midpoint, it's
314	00:32:30 --> 00:32:34	giving me a real high premium price. What price level am I going to aim for
315	00:32:34 --> 00:32:40	there, the upper quadrant level. Now tell me how's that for logic. It's not
316	00:32:40 --> 00:32:44	ambiguous. It's not Milli Vanilli. Okay, you don't know what you're getting. I
317	00:32:44 --> 00:32:49	know exactly what I'm looking for. I know exactly what price I'm aiming for,
318	00:32:49 --> 00:32:54	and I know exactly where my stop loss is going to be at. I'm not guessing. I'm
319	00:32:54 --> 00:32:58	not wondering where I should put it at. I'm not worrying about if it's going to
320	00:32:58 --> 00:33:02	get hit, because if it hits it, then that's wonderful that I just paid a
321	00:33:02 --> 00:33:08	premium for information I got new Intel. That means I'm probably looking at an
322	00:33:08 --> 00:33:14	inversion fair value gap, and I can mitigate that loss very easily. Oh my
323	00:33:14 --> 00:33:17	goodness, yes. And you're worried about losing. Why are you worried about
324	00:33:17 --> 00:33:22	losing? Losing? Just is you paying a premium for more information. You're
325	00:33:22 --> 00:33:26	getting close. You're getting a better view of price its next move. You're
326	00:33:26 --> 00:33:30	getting VIP seating. But you have to pay extra for that, don't you? That's all
327	00:33:30 --> 00:33:33	this is when you take a loss, that's what you're getting. You're getting VIP
328	00:33:33 --> 00:33:40	treatment for the next price run. Now if you get stopped out with retail logic,
329	00:33:40 --> 00:33:45	you're scared. You have no idea what's going on. It's terrifying. You freeze
330	00:33:45 --> 00:33:50	up, or you go into panic mode, or you go Gambler's numb, and you start pushing a
331	00:33:50 --> 00:33:53	button, hoping something happens. And at some point, you don't even care if you
332	00:33:53 --> 00:33:58	are making money when you get like that. So to avoid all those things, you have
333	00:33:58 --> 00:34:01	to have a logic in mind, how you're going to look for the pattern, if the
334	00:34:01 --> 00:34:05	pattern is the fair value gap for you, which is, I'm pushing that on my son
335	00:34:06 --> 00:34:11	like I'm almost basically making him only trade with this one. Because
336	00:34:11 --> 00:34:14	everything I'm teaching today, this week, and then this entire 2024
337	00:34:15 --> 00:34:21	mentorship is a foundation for him. He will have the ability to migrate away
338	00:34:21 --> 00:34:25	from the fair value gap if he doesn't want to use it, if he finds something
339	00:34:25 --> 00:34:31	else better. But visually, as a teaching aid, the fair value gap is good. Okay,
340	00:34:32 --> 00:34:39	the first presentation fair value gap right there. That's, let's highlight
341	00:34:39 --> 00:34:44	that every single time I annotate the chart, I gotta start looking at the time
342	00:34:44 --> 00:34:49	down here. And if it's about to go to in the 52nd before the change of the
343	00:34:49 --> 00:34:54	minute, I gotta wait for that to happen. Every single time I annotate the chart
344	00:34:54 --> 00:35:00	jumps. And sometimes, if I'm talking too fast, the I won't make i. Won't notice
345	00:35:00 --> 00:35:03	it, and then in my chart won't be like it's supposed to be. And it makes me
346	00:35:03 --> 00:35:14	angry later when I see what chart looks like. I want to get that mid, mid line
347	00:35:14 --> 00:35:20	off. It's not but I'm over here. Okay, so here's first presentation, fair Vega,
348	00:35:21 --> 00:35:27	so now we know the prices. We know how we're going to build in pyramided
349	00:35:27 --> 00:35:32	positions. If I'm not saying you should do this, if you're first time trying to
350	00:35:32 --> 00:35:36	learn how to do this, do not try to pyramid. Please. Don't try to build big,
351	00:35:36 --> 00:35:41	big, big positions. Just try to trade one contract and use the easiest, low
352	00:35:41 --> 00:35:45	hanging fruit objective entry. That's this one down here on candle number
353	00:35:45 --> 00:35:52	three. It's high minus one tick. Okay, you're going to practice with that.
354	00:35:52 --> 00:35:57	You're going to do it with market orders first, so that way you're going to time
355	00:35:57 --> 00:36:02	it. What this does? It helps you with your anticipatory price reading skills.
356	00:36:03 --> 00:36:08	It's better and it's more efficient and professional to use limit orders. I'm
357	00:36:08 --> 00:36:11	not trying to discourage you. In fact, that's where you should be going with
358	00:36:11 --> 00:36:17	this, but it helps you understand how to time the market and how to read it with
359	00:36:17 --> 00:36:23	your marketing in when you start trading with your real money, should you ever
360	00:36:23 --> 00:36:27	decide to do that? The only time you should be really doing market orders is
361	00:36:27 --> 00:36:32	just to get out of something that you need to protect your money with. Okay, I
362	00:36:32 --> 00:36:38	I'm a strong believer that your exits should be on limits and your entries
363	00:36:38 --> 00:36:44	should be on limits or on on rare occasions buying on a stop or selling on
364	00:36:44 --> 00:36:49	a stop, and as an entry mechanism into it, you see what that was there. It was
365	00:36:49 --> 00:36:52	a stop hunt below that short term low, the wick went all the way down. Look
366	00:36:52 --> 00:36:58	where the body stopped above first percent of fair value gap mid gap still
367	00:36:58 --> 00:37:08	is on table. So low hanging fruit entry pricing for a one contract, micro,
368	00:37:09 --> 00:37:16	NASDAQ, micro, E, Mini, s, p, you're not trading the Mini, so the micro, it's $5
369	00:37:16 --> 00:37:23	per handle or point. For the ES, if you're trading that one or $2 per handle
370	00:37:23 --> 00:37:29	or point for the NASDAQ, a mini is $20 per handle. So there's the difference.
371	00:37:29 --> 00:37:38	Okay, when you're learning Caleb, you're going to be executing on the micro. It's
372	00:37:38 --> 00:37:42	not about the money, it's about the the process of simply following the rules
373	00:37:42 --> 00:37:47	and desensitizing yourself. It does not take long for everyone else that's
374	00:37:47 --> 00:37:51	listening. You're all thinking, I want to go into the mini I need to trade five
375	00:37:51 --> 00:37:56	contracts on my funded account. Don't, don't do that because you're not
376	00:37:56 --> 00:38:01	equipping yourself to trust what it is that you'll eventually live by it'll be
377	00:38:01 --> 00:38:06	it's a very boring process. But if you make it exciting or terrifying, because
378	00:38:06 --> 00:38:09	it's going to be either or when you when you're trading with the monetized
379	00:38:09 --> 00:38:14	result, you're not going to learn correctly. You're not going to learn.
380	00:38:15 --> 00:38:19	You're going to learn to be fearful of the outcome, because you're dealing it
381	00:38:19 --> 00:38:23	with a monetized reward or punishment at the end of it, versus you're only going
382	00:38:23 --> 00:38:30	to be tape reading, and you're only going to be doing what, one single micro
383	00:38:30 --> 00:38:34	contract in a demo, that's it, and you're going to do that for a little
384	00:38:34 --> 00:38:39	while until you get bored with it. There is no time limit, but it should be at
385	00:38:39 --> 00:38:43	least a month, and right away, I've already lost most of you, because you
386	00:38:43 --> 00:38:47	don't want to put that much time into this just that. But that's this is how
387	00:38:47 --> 00:38:54	you do it. Okay? You You have plenty of data to support it, you have plenty of
388	00:38:54 --> 00:38:59	opportunity to practice with it, and you need to desensitize yourself to the
389	00:38:59 --> 00:39:04	outcome by simply doing it every single opportunity you can in the charts live.
390	00:39:05 --> 00:39:09	And by doing that, it strips away all the fear and it takes away the rush I
391	00:39:09 --> 00:39:12	gotta do. I gotta do it right now make money, because once you know what you're
392	00:39:12 --> 00:39:16	doing and what you're looking for, you're gonna find that they're always
393	00:39:16 --> 00:39:20	there every single day, and you're there's no reason for you to feel like I
394	00:39:20 --> 00:39:24	gotta be trading today. I gotta get online right now. I can't miss trading
395	00:39:24 --> 00:39:28	today, or if something happens and it prevented you from getting in front of
396	00:39:28 --> 00:39:34	the charts. Caleb, you don't have this impulse that you know, of feeling regret
397	00:39:34 --> 00:39:40	or just not being able to keep up with everybody else, which is something
398	00:39:40 --> 00:39:43	that's synonymous in my group, where new students come in, they like to gotta
399	00:39:43 --> 00:39:47	catch up, right? I gotta keep up with everybody else. No, you don't. So I'm
400	00:39:47 --> 00:39:50	gonna show you the reverse real quick, and then we'll get into what you're here
401	00:39:50 --> 00:40:02	for. All right, let's do it like this. I do it like this. Do it like that. I
402	00:40:09 --> 00:40:13	don't know why I got Dougie fresh in my head. Now, that's old school. We know
403	00:40:13 --> 00:40:20	about that. ICT. We know about that, bro, I said this would be accomplished
404	00:40:20 --> 00:40:27	by taking candlestick number ones high, the candlestick number three is low, and
405	00:40:27 --> 00:40:35	then this would be on candle Number three's low as the buy and change that
406	00:40:35 --> 00:40:44	to blue, alrighty. So same idea, just just in reverse, when you're expecting
407	00:40:44 --> 00:40:49	the market to go up some higher price, okay, and you're watching price deliver,
408	00:40:49 --> 00:40:54	and you see three candles. One candles moved in, delivered price. The second
409	00:40:54 --> 00:41:01	one delivers price higher. That's key. Okay? Then third candlestick trades
410	00:41:01 --> 00:41:05	higher than number two's candle, but Number three's candles low does not
411	00:41:05 --> 00:41:12	touch or overlap with candlestick number one's high. That candlestick number two
412	00:41:12 --> 00:41:16	in the middle, that is your trigger candle. That is your fair value guy. If
413	00:41:16 --> 00:41:20	you're long or looking to go long, in that instance, you're going to use this
414	00:41:20 --> 00:41:29	candlestick. Number threes low plus one tick. That's my entry. That's how ICT
415	00:41:29 --> 00:41:34	enters it, if I am watching it, and it trades down and it gets into the upper
416	00:41:34 --> 00:41:39	quadrant level here, then I will add more. Again. This is just for
417	00:41:39 --> 00:41:42	completeness sake. I'm not trying to encourage any of you to build positions
418	00:41:42 --> 00:41:46	and pyramid. I'm not telling you to do that. Okay? I'm not telling I'm not
419	00:41:46 --> 00:41:52	doing that. So by having the the market trade down to the upper quadrant and as
420	00:41:52 --> 00:41:57	low as the midpoint or consequent encroachment of this gap that separates
421	00:41:57 --> 00:42:01	candlestick number one to candlestick number two, this whole pattern here is
422	00:42:01 --> 00:42:06	this right here. This is candlestick number one, candlestick number two in
423	00:42:06 --> 00:42:10	the middle that's shaded with the blue box around it. And this is candlestick
424	00:42:10 --> 00:42:15	number three. This one. Okay, so in in a full diagram, that candlestick right
425	00:42:15 --> 00:42:26	there is this one. So if we look at it like this. I'm going to elongate this
426	00:42:26 --> 00:42:31	make a little bit taller so we can see it. I already, in some people's eyes,
427	00:42:31 --> 00:42:38	talk too much, but I promise you, I've already taught you exactly what most of
428	00:42:38 --> 00:42:42	you been wanting to know about, how to trade fair value gaps and where to place
429	00:42:42 --> 00:42:46	his thought loss and how it should form. And that's what I'm here for, not the
430	00:42:46 --> 00:42:50	jokers that want to find something to talk about. So because we're using the
431	00:42:50 --> 00:42:55	volume and bounce here, that's how you would draw down to here, where I'm using
432	00:42:55 --> 00:42:59	the high here, if there is a volume imbalance, which is a separation between
433	00:42:59 --> 00:43:05	the previous candle body and the next candle that makes the fair value gap,
434	00:43:05 --> 00:43:09	that little separation always include that you'll have better you'll have
435	00:43:09 --> 00:43:15	better determination of the consequent encroachment level, which is important,
436	00:43:15 --> 00:43:19	like that's that's your most important level, because what you're watching for
437	00:43:19 --> 00:43:24	is You want to see the opposite of what I said earlier, when we were looking at
438	00:43:24 --> 00:43:27	the cell or shorting opportunity for a fair value gap. We want to see the
439	00:43:27 --> 00:43:31	constant encroachment in the lower portion traded to and that's your best
440	00:43:31 --> 00:43:35	entry, because you want to see the upper half of it left open. And if it does, it
441	00:43:35 --> 00:43:38	means it's really, really bearish. What do you think is going to happen on the
442	00:43:38 --> 00:43:42	times when you're bullish? The ideal entries are going to form in the
443	00:43:42 --> 00:43:50	midpoint of the gap to number three candles low. And you want to see that
444	00:43:50 --> 00:43:55	lower half stay open, not traded to it can whip down in there. If it does trade
445	00:43:55 --> 00:43:59	to the midpoint, I'm going to add more. If it trades down to the lower quadrant,
446	00:43:59 --> 00:44:02	I'm going to add more. If I can see it, touch this down here. I'm going to add
447	00:44:02 --> 00:44:07	more. I'm going to keep adding to that, because my stop loss is going to be
448	00:44:07 --> 00:44:15	below candlestick number twos low. Now apply that same logic over here. We did
449	00:44:15 --> 00:44:19	all this live. Mind you, this number two candlestick, that's the favorite value
450	00:44:19 --> 00:44:23	got. The market drops down to this candlesticks, price plus one tick, you
451	00:44:23 --> 00:44:27	would have been filled right there. The heat on that trade is your fill would
452	00:44:27 --> 00:44:31	have been approximately 404 and three, what is called 405 so you got slipped.
453	00:44:31 --> 00:44:35	Okay? Something happened. You got in there. You didn't do it exactly right,
454	00:44:35 --> 00:44:42	but you're in at 19,000 405 even the low of that candlestick. See, I just see
455	00:44:42 --> 00:44:46	what happens every single time I go to a candlestick, it jumps all right. Sid,
456	00:44:46 --> 00:44:53	the low of this candlestick, right there, comes in at four. Oh, 1.75 so
457	00:44:53 --> 00:45:03	that's 3.75 handles, drawdown. So three. 80 times 20 is 60. Just call it less
458	00:45:03 --> 00:45:09	than, like 70 bucks. 70 bucks. Heat, if you're trading with one mini, that's how
459	00:45:09 --> 00:45:15	much drawdown you absorbed before it turned around. So I got in your favor,
460	00:45:15 --> 00:45:19	and it went just short of what price level? That's that upper quadrant level,
461	00:45:19 --> 00:45:28	that price is four. Oh, 1.25 what is the low of that candlestick for 1.25 there
462	00:45:28 --> 00:45:33	is no zones. Okay, it's very specific prices. We're looking for very, very
463	00:45:33 --> 00:45:37	specific things in price, because if there is an algorithm for people that
464	00:45:37 --> 00:45:41	don't believe there is, then it would be repeating the same phenomenon and
465	00:45:41 --> 00:45:45	respecting very specific levels that we can predetermine as favorable or
466	00:45:45 --> 00:45:50	unfavorable, right? Did it leave the lower half of that gap open? Yes, it
467	00:45:50 --> 00:45:54	did. It didn't even touch the middle the consequent pressure level. So what does
468	00:45:54 --> 00:45:57	that mean? It's bullish. So that means you can trust that once it gets into
469	00:45:57 --> 00:46:01	this little New Day opening gap up here, it's going to do what it's going to
470	00:46:01 --> 00:46:09	accumulate, it's going to roll higher. Cleared the minor buy side I gave you
471	00:46:09 --> 00:46:13	there, and now it's accumulating again. We're sitting inside of a pool of
472	00:46:13 --> 00:46:21	liquidity here after taking this Judah swing ride, lower. Consequent
473	00:46:21 --> 00:46:29	encroachment. We've missed the 70% uh rule hitting it in the first 30 minutes.
474	00:46:29 --> 00:46:33	It doesn't mean just throw it out the window. It just means that it's most
475	00:46:33 --> 00:46:42	likely 70% of the time after 930 opening bell, if there's a large gap. Middle
476	00:46:42 --> 00:46:47	that gap, whatever that width of the gap is, from previous days settlement to the
477	00:46:47 --> 00:46:55	first opening price at 930 half of that gap, 70% of time, gets hit by 10 o'clock
478	00:46:55 --> 00:46:59	here, we don't see it. We've since I've been doing the mentorship and teach and
479	00:46:59 --> 00:47:02	taught it to you, we've seen one or two times where it hasn't done it, but
480	00:47:02 --> 00:47:08	eventually it gets hit. So you just gotta relax and just submit to the idea
481	00:47:08 --> 00:47:13	that it's still on the table to be taken okay. Now, because we've spent this much
482	00:47:13 --> 00:47:18	time accumulating around the first presented fair value gap, look at the
483	00:47:18 --> 00:47:24	bodies we whipped down through. But look at the bodies you're showing you. It's
484	00:47:24 --> 00:47:29	respecting it, right? So if we can manage to get above mid gap, I'd like to
485	00:47:29 --> 00:47:33	see it accelerate move higher, not just I don't want to see it do this, like
486	00:47:33 --> 00:47:36	wick above it and come and come back down. That's I'm not interested in
487	00:47:36 --> 00:47:40	something like that. I would rather see it trade up above it and start building
488	00:47:40 --> 00:47:44	things like the fair value gap here, the gap in here, we went down and worked the
489	00:47:44 --> 00:47:48	lower half of this one, which I told you was going to fail. It wasn't going to it
490	00:47:48 --> 00:47:51	wasn't going to provide a sell off. And anybody else out there that thinks they
491	00:47:51 --> 00:47:55	understand imbalances and stuff they may have looked at that said, Yes, you know,
492	00:47:55 --> 00:48:00	this is a short it's not even though you were looking at probably all these wicks
493	00:48:00 --> 00:48:04	in here. And he called these dojis. Steve Nielsen's class of students would
494	00:48:04 --> 00:48:08	have been looking at that and saying, Yeah, see, it's it's rejecting that. No,
495	00:48:08 --> 00:48:11	it's not. It's accumulating. It's accumulating. I'll show you in a second.
496	00:48:11 --> 00:48:20	Just realize, let me get drink the let me go real quick over here so I can get
497	00:48:20 --> 00:48:27	rid of this diagram. The entries I my entry for a bullish fair value gap is
498	00:48:27 --> 00:48:34	I'm one tick. Entry, entry, one tick entering above number three candles low.
499	00:48:35 --> 00:48:39	And if I don't find a way to get in like that, like say, I miss it, or I I'm
500	00:48:39 --> 00:48:44	doing something, you know, I my wife gets my attention. My dogs got out like
501	00:48:44 --> 00:48:47	this morning. I had to make sure my wife could get scout in because she's a
502	00:48:47 --> 00:48:53	little unruly. She's like the brat, the something keeps me from getting in. The
503	00:48:53 --> 00:48:56	trait at that very moment, I would rather have gotten into it. If I was
504	00:48:56 --> 00:49:01	watching a chart and say, the market is now just below it. As soon as I see it
505	00:49:01 --> 00:49:04	like that, I'm in it like that. I'm not messing around with it. I'm just
506	00:49:04 --> 00:49:07	marketing it. I need to be in there because that's what I'm looking for.
507	00:49:07 --> 00:49:12	Now, that might sound like, Oh, you're rushing to get money. No, I'm rushing to
508	00:49:12 --> 00:49:16	get in something I already would have been in. It's not like I'm chasing where
509	00:49:16 --> 00:49:20	it's going up already. It's all for me, a better price that I was willing to pay
510	00:49:20 --> 00:49:26	for a buy, but I just wasn't there to capture that buy. So now I had the
511	00:49:26 --> 00:49:29	wonderful opportunity of getting it at a deeper discount. So I'm going to go and
512	00:49:29 --> 00:49:33	read at the market. If it can touch the upper quadrant, I'll buy that too. If it
513	00:49:33 --> 00:49:37	touches the consequent encroachment, I'll buy that too. Anything less than
514	00:49:37 --> 00:49:42	that, I'm going to do one or two contracts. That's all I'm going to do,
515	00:49:43 --> 00:49:48	because I don't want to build it bigger, because down here in the lower half, I
516	00:49:48 --> 00:49:52	don't want to see it spend a lot of time there. If it does that at all, the ideal
517	00:49:52 --> 00:49:57	scenario is when price is up here and you expect it to drop down, because you
518	00:49:57 --> 00:50:02	think it's going to go up into a longer, higher Time Frame target. I just use
519	00:50:02 --> 00:50:07	this example right here, because this is exactly what we're diagramming there in
520	00:50:07 --> 00:50:09	that little hand drawn version of it.
521	00:50:12 --> 00:50:23	Take this off for a second so you can see so this here is this. So I'm trying
522	00:50:23 --> 00:50:29	to draw a red button, snap to the the magnet. Draws a little drawing things
523	00:50:29 --> 00:50:36	make some jump to it. There we are. So in an ideal scenario, this is what this
524	00:50:36 --> 00:50:40	is, candlestick number one. Is this candlestick? Right here? That's
525	00:50:40 --> 00:50:46	candlestick number one, right there a green candle. Candlestick number two,
526	00:50:46 --> 00:50:50	which is the fair value gap candle, that's this one. And candlestick number
527	00:50:50 --> 00:50:57	three, over here, that's this one. So that candlestick low plus one tick. In
528	00:50:57 --> 00:51:05	that case, it would be 19,004 zero, 4.25 that's where I would be entering. That's
529	00:51:05 --> 00:51:08	that's all I gotta get in. I gotta get in there. And I don't care that I'm
530	00:51:08 --> 00:51:13	gonna have a little bit of drawdown in this, because my belief is I'm not gonna
531	00:51:13 --> 00:51:18	see, likely, any movement into the lower half of that fair value guy. See what
532	00:51:18 --> 00:51:22	I'm saying. Like Chris Lori doesn't teach this, and everybody thinks that
533	00:51:22 --> 00:51:25	I'm rebranding that stuff. I made a facetious comment on Twitter this
534	00:51:25 --> 00:51:29	morning. I said I just brushed up on some trading books and I got some new
535	00:51:29 --> 00:51:34	things I can rename. And that was sarcasm, clearly, okay, but people have
536	00:51:34 --> 00:51:38	common sense, but there's nothing being repackaged here. There's no school
537	00:51:38 --> 00:51:41	thought out there that tells you to look at candlesticks like I'm teaching you
538	00:51:41 --> 00:51:45	and expect them to stay open. That's never been a thing in any anybody's
539	00:51:45 --> 00:51:48	discipline. It's never been there, but I'm telling you, that's what the
540	00:51:48 --> 00:51:52	algorithm does. There's a thing that goes on behind the scenes that I'm not
541	00:51:52 --> 00:51:56	going to tell you that, but visually, you can see when it's doing it a lot of
542	00:51:56 --> 00:51:59	times. Now, there are other times when it's doing it. You can't see it in price
543	00:51:59 --> 00:52:03	action. I'm aware of what's going on, but you aren't gonna be able to see it,
544	00:52:03 --> 00:52:06	so I can't teach a concept that shows you every instance of it. But do you
545	00:52:06 --> 00:52:11	need anything more? If this is all you ever learned how to do, you are already
546	00:52:11 --> 00:52:16	light years ahead of everybody else out there, everybody out everybody put
547	00:52:16 --> 00:52:19	anybody else's name in there. You're already beating their ass in terms of
548	00:52:19 --> 00:52:22	precision. Knowing what to look for. You're not freaking out. You know where
549	00:52:22 --> 00:52:26	to place your stop loss. 90% of these mentors out there don't even use a stop
550	00:52:26 --> 00:52:29	loss. They only know what they're using. They have to use a stop they're scared
551	00:52:29 --> 00:52:33	to death of it getting hit. I'm not afraid of that. You're not learning how
552	00:52:33 --> 00:52:36	to be afraid of that. Caleb, you're not afraid of getting stopped out because I
553	00:52:36 --> 00:52:38	just told you in this lecture too. Because if you get stopped out with a
554	00:52:38 --> 00:52:42	fair value gap, it tells you you're probably watching the formation of an
555	00:52:42 --> 00:52:45	inversion, fairy value and an inversion fair pay gap is just going the other
556	00:52:45 --> 00:52:50	direction, and you can trade with half the size you took a loss on and make
557	00:52:50 --> 00:52:55	that back and more and not even worry about it. You're not even worried. Why
558	00:52:55 --> 00:52:59	are you all fearful? You're trying to avoid losing. You don't need to feed.
559	00:52:59 --> 00:53:06	You don't need to feel that. So entries here, new entry there, or if you don't
560	00:53:06 --> 00:53:11	get that entry, if you, I don't know, you're scared, you're just now
561	00:53:11 --> 00:53:14	practicing for the first time. Okay, and you see it touch the upper quadrant,
562	00:53:14 --> 00:53:18	then go in and just do it at the market. But you want to do it as it's hitting it
563	00:53:19 --> 00:53:25	when price is dropping into this level, in this halfway point of the gap that
564	00:53:25 --> 00:53:29	measures number one candles, high number candle, number number three candles, low
565	00:53:30 --> 00:53:35	that range, half of that everything from this price point, the midpoint, which
566	00:53:36 --> 00:53:43	would in this case, would be 19,003 65 and a quarter to 19,003 78 even anything
567	00:53:43 --> 00:53:49	in that range is fair game to be a buyer. But not just any old, any old
568	00:53:49 --> 00:53:55	price. Look at the quadrants when you're grading an inefficiency, or you grade a
569	00:53:55 --> 00:53:59	wick, like I'm teaching you, there's a rhyme and a reason to what I'm teaching
570	00:53:59 --> 00:54:02	you. It's not just little words ambiguously, any level is going to
571	00:54:02 --> 00:54:05	eventually is going to eventually get hit. That's the, that's the assholes
572	00:54:05 --> 00:54:07	version of what I'm doing. They'll they'll say he has an excuse for
573	00:54:07 --> 00:54:12	anything. No, I have a science behind what I'm doing. I know exactly what I'm
574	00:54:12 --> 00:54:17	doing. I'm not winging it. Everything holds up, and I never I'm never changing
575	00:54:17 --> 00:54:21	the logic. I'm actually bringing you more depth and more precision elements
576	00:54:21 --> 00:54:27	to what it is that I do, and you're not entitled to it. So the best buys are in
577	00:54:27 --> 00:54:31	that upper half of that fear of a gap. Because we want to see this portion in
578	00:54:31 --> 00:54:42	an ideal world, in a perfect world, in an ICT world. You want to see this guy's
579	00:54:42 --> 00:54:51	arrogant. You want to see this right here? And then I gotta take that, that
580	00:54:51 --> 00:54:52	midline thing off
581	00:54:58 --> 00:55:05	the quadrant. I'm sorry. I. So yeah, ideal scenarios, when we get another
582	00:55:05 --> 00:55:10	candle that drops down in this fair value gap, it's the upper half the blue
583	00:55:10 --> 00:55:14	shaded area, like we have right here. In this example, any candlestick that drops
584	00:55:14 --> 00:55:17	down in there, we don't want to see it spending a lot of time in there. We want
585	00:55:17 --> 00:55:22	to see one at most, two times better if it's just once entering it like that,
586	00:55:23 --> 00:55:27	and if you can start to run after going in just the upper half feel confident
587	00:55:28 --> 00:55:32	that the lower half stays open for your benefit of knowing that you're on side.
588	00:55:32 --> 00:55:35	Now, does that mean you're never going to get stopped out? No, it just means
589	00:55:35 --> 00:55:40	that your your confidence should increase, and your level of uncertainty
590	00:55:40 --> 00:55:44	or the trepidation that you feel about potentially getting stopped out with
591	00:55:44 --> 00:55:50	your stop loss down here, below the fair value got low. It should be minimized as
592	00:55:50 --> 00:55:55	it moves further and further and further away from the fair value gap. And you
593	00:55:55 --> 00:55:58	see this happening, happening right here. And just look at the other
594	00:55:58 --> 00:56:04	lectures, the live streams from this playlist in 2024 I'm telling you that
595	00:56:04 --> 00:56:10	fair value gaps and anything that acts like an inefficiency, like a wick. If
596	00:56:10 --> 00:56:16	the wick is going to be bullish, we want to see the upper half of the wick keep
597	00:56:16 --> 00:56:19	price from trading into the lower half of the wick, regardless if the wick is
598	00:56:19 --> 00:56:26	above a candle's body, or below a candle body, it's the same thing. You know,
599	00:56:26 --> 00:56:32	they call these wicks, and then below it's a tail. I don't even go that far.
600	00:56:32 --> 00:56:37	I'm looking at a wick wherever it's at. And if it's above market price, then
601	00:56:37 --> 00:56:41	that wicks going to be a premium array. If it's below price, then it's going to
602	00:56:41 --> 00:56:44	be a discount array. So if it's a discount array, the same thing I'm
603	00:56:44 --> 00:56:48	teaching you about the fair value gap, my PD arrays work with the Wix the same
604	00:56:48 --> 00:56:52	way. It's very simple. It's not a very complicated thing. It's complicated if
605	00:56:52 --> 00:56:55	it's the first time you've been introduced to it, and I'll submit that,
606	00:56:56 --> 00:57:01	you know that's that's true. But I'm not trying to make something harder to hide
607	00:57:01 --> 00:57:05	it from you. It's just you haven't spent enough time going through lectures and
608	00:57:05 --> 00:57:10	watching you actually do it. So I can take all this mumbo jumbo off me. I'll
609	00:57:10 --> 00:57:14	give you a chance to get a screenshot of that. If you want it, you can draw your
610	00:57:14 --> 00:57:21	annotations on it. Okay, so this here is the same thing as this in a real market
611	00:57:21 --> 00:57:22	environment,
612	00:57:31 --> 00:57:35	or as close as I can get it to, to appear as the crude diagram I drew out.
613	00:57:35 --> 00:57:40	There you go. So that's this, okay, and the entry would be as another candle
614	00:57:40 --> 00:57:46	comes down and look how, look how fast it did here. That's also a clue. If,
615	00:57:46 --> 00:57:49	soon as the candle stick creates the fair value gap, if the next candle,
616	00:57:49 --> 00:57:53	number four, drops in and he starts running, chances are stronger that this
617	00:57:53 --> 00:57:57	lower half will stay open, and you really will feel confident enough to if
618	00:57:57 --> 00:58:00	you're recording it, you'll do the thing, same thing I do a lot. I'll say I
619	00:58:00 --> 00:58:04	want to see this stay open or remain unfilled. That's, that's usually what
620	00:58:04 --> 00:58:12	you see me typing out when I'm recording my executions. It could be, you know, a
621	00:58:12 --> 00:58:16	little bit of time before the market eventually comes back down into that
622	00:58:16 --> 00:58:21	fair value gap. And the same thing would appear in terms of the logic, so nothing
623	00:58:21 --> 00:58:26	changes there, but when they give it to you right away, that means it's going to
624	00:58:26 --> 00:58:29	be on a fast track to get somewhere quick. And that's the buy side I gave
625	00:58:29 --> 00:58:37	you over here. Okay, so this is also the lower quadrant to the opening range gap.
626	00:58:38 --> 00:58:45	Let's go down to the five minute chart real quick, and I'll pull this up. I'll
627	00:58:47 --> 00:58:54	show you what I mean by that. It seems like a whole lot of juggling, but I
628	00:58:54 --> 00:58:57	promise you, it's just because you're first now learning it. Once you do it a
629	00:58:57 --> 00:59:00	few times, and you make a general practice every single day, you're doing
630	00:59:00 --> 00:59:04	the same stuff, you'll see it's not hard, it's not complicated, and you'll
631	00:59:04 --> 00:59:07	know what to look for and what you're should be focusing on. But previous
632	00:59:07 --> 00:59:11	day's settlement here, which is Friday, that's where we stop trading there. So
633	00:59:11 --> 00:59:16	you drop your fib on that, you draw it down to the first opening tick of the
634	00:59:16 --> 00:59:20	new day, which is right now, 930 and that's where I dropped the FIB at this
635	00:59:20 --> 00:59:24	level here is the lower quadrant. This is the midpoint, or consequent
636	00:59:24 --> 00:59:28	encroachment. That's the level that 70% of the time in the first 30 minutes, it
637	00:59:28 --> 00:59:32	will at least touch. That hasn't done it today, and that's okay. We don't need it
638	00:59:32 --> 00:59:36	to in the upper quadrant level, and in the high this is previous day's
639	00:59:36 --> 00:59:40	settlement. So we've went above, spent some time here on the lower quadrant
640	00:59:40 --> 00:59:41	level.
641	00:59:46 --> 00:59:53	So back in the one minute chart, that's that lower quadrant level there. Okay,
642	00:59:53 --> 00:59:58	you see what? It just went up there, and it just hung around in that area and
643	00:59:58 --> 01:00:03	then broke lower and. I traded all the way down and through New Day, opening
644	01:00:03 --> 01:00:07	gap from Friday again, that's the wrong date. I hope the gentleman fixes this.
645	01:00:10 --> 01:00:14	This is the first one I ever looked at. I know there's a couple other coders and
646	01:00:14 --> 01:00:18	students don't mind that have invited me to take a look at their stuff. I will
647	01:00:18 --> 01:00:22	this week. I just can't do all of them at one time. So I just, I'd like to use
648	01:00:22 --> 01:00:26	this one first. It was the first one in the list of ones that were made
649	01:00:26 --> 01:00:31	available to me. And then here's first presented fair value gap, after swiping
650	01:00:31 --> 01:00:41	below that New Day gap of last Friday, and then turning up into that and then
651	01:00:41 --> 01:00:46	breaking lower, remaining heavy, then we're back down into this inefficiency.
652	01:00:46 --> 01:00:55	So I'm going to remove this now, hopefully it's communicated clear enough
653	01:00:55 --> 01:00:58	for you to know what I'm talking about and referring to if you watch my
654	01:00:58 --> 01:01:02	examples now, you'll understand a little bit more what I was doing at the time of
655	01:01:02 --> 01:01:09	the execution. Alrighty. Now let's real quick.
656	01:01:20 --> 01:01:23	Why did I tell you to begin the last year, and this was not a shorting
657	01:01:23 --> 01:01:31	opportunity? Well, we had started the morning consolidating. This is
658	01:01:31 --> 01:01:35	electronic trading hours every year, so it's not regular trading hours. So it
659	01:01:35 --> 01:01:40	spent a little bit of time just meandering sideways, and then it broke
660	01:01:40 --> 01:01:47	initially, right away after it had already dropped from previous Friday's
661	01:01:47 --> 01:01:55	settlement price. We had already, if we would've opened back here at 906, or
662	01:01:55 --> 01:02:01	849, that's significantly lower than Friday's settlement price. So we were
663	01:02:01 --> 01:02:06	already set up to have a big gap opening lower, and then if you have a lower gap
664	01:02:06 --> 01:02:11	opening, that's in the cards. And then she watched the 930 time window come to
665	01:02:11 --> 01:02:16	pass. And now here at 930 we open, and it is, send it lower. That's a Judah
666	01:02:16 --> 01:02:20	swing. You don't ever want to chase something like that. You're going to
667	01:02:20 --> 01:02:24	give up trading opportunities, and you're going to see people share that
668	01:02:24 --> 01:02:28	they did. I'll get this. I caught a short that's wonderful. I'm glad that
669	01:02:28 --> 01:02:32	somebody made money on that, but Caleb, I don't want you thinking you need to do
670	01:02:32 --> 01:02:36	that. Let it run out of steam, let it run out of gas. It's not important.
671	01:02:37 --> 01:02:40	You're going to capture the trade that makes sense for you and your model.
672	01:02:40 --> 01:02:43	That's all you're trying to do. You're not trying to trade somebody else's
673	01:02:43 --> 01:02:47	model. You're not trying to keep up with somebody else's equity curve. You're not
674	01:02:47 --> 01:02:50	trying to impress dad with doing it faster than you think. I think you
675	01:02:50 --> 01:02:55	should do it. I want you to do it at your own pace, slowly, not trying to
676	01:02:55 --> 01:03:00	keep up with the Joneses, not trying to make it heavier. It doesn't need to be
677	01:03:00 --> 01:03:04	heavier lifting than it needs to be, just based on what you have to learn. So
678	01:03:04 --> 01:03:10	don't complicate it. Let the price Run Run. When you start seeing the market
679	01:03:10 --> 01:03:15	create a swing low. This is your swing low, right here. What's that? That's a
680	01:03:15 --> 01:03:19	candlestick right there. Lowest candlestick that has a higher load to
681	01:03:19 --> 01:03:24	the right, higher low, to the left, and then you rate at that point, at that
682	01:03:24 --> 01:03:29	candlesticks closed there that opening, that's when I'm going back through all
683	01:03:29 --> 01:03:37	of this, to look for inefficiencies, to look for order blocks, to look for
684	01:03:37 --> 01:03:41	anything like a short term high where buy side would rest. Well, there is none
685	01:03:41 --> 01:03:46	of that in this. It's just it's just a one straight shot lower. So that also is
686	01:03:46 --> 01:03:49	characteristic of a Judas swing. It's something fake. They're going to run
687	01:03:49 --> 01:03:54	right back over top of that. If you look at the range that was created, them this
688	01:03:54 --> 01:04:04	drop down to that low. Where is this inefficiency. In other words, the thing
689	01:04:04 --> 01:04:09	I haven't shaded here below this candlesticks low to this candlesticks
690	01:04:09 --> 01:04:14	high, this one single candlestick right there that is a fair value guy. It is a
691	01:04:14 --> 01:04:18	city, a sell side and bounce buy side and efficiency. But it's in the lower
692	01:04:18 --> 01:04:23	half of the price drop from the opening bell at 930 to create that swing low.
693	01:04:23 --> 01:04:27	And I I seen that as soon as that candlestick closed, and this one started
694	01:04:27 --> 01:04:32	trading, I said, Okay, this one here is fake, and they rally it up into that,
695	01:04:32 --> 01:04:35	and they give you these little dojis and make you think, wow, it's going to drop.
696	01:04:35 --> 01:04:39	And I told you, Nope, it's not going to drop. I'd rather see it trade higher,
697	01:04:39 --> 01:04:43	and once it trades higher, it can come back down in but stay inside the upper
698	01:04:43 --> 01:04:48	half. We just saw Mohawk right there. It's all we saw there. It didn't go down
699	01:04:48 --> 01:04:52	to the lower half once it left it, which is, that's the, that's the inefficiency
700	01:04:52 --> 01:04:56	model that I'm teaching you. That's how you know behind the scenes the algorithm
701	01:04:56 --> 01:05:00	is saying, all right, anybody that knows this information, quote. Quote, smart
702	01:05:00 --> 01:05:03	money you're listening to, they're going to expect that that's not going to trade
703	01:05:03 --> 01:05:11	lower. And then it starts to rally. Once it leaves this inefficiency, you have
704	01:05:12 --> 01:05:16	several things you can look for, a return back into the top of that
705	01:05:17 --> 01:05:21	inefficiency, to treat that as a discount array. In other words, come
706	01:05:21 --> 01:05:29	down, hit it and repel it higher. I'm gonna take this off. Or what do we have
707	01:05:29 --> 01:05:35	in price? What's what's in this area right here? What do you see? See that
708	01:05:35 --> 01:05:45	big wick. See this inefficiency first, let me just real quick with the Volume
709	01:05:45 --> 01:05:46	of bounds.
710	01:05:55 --> 01:05:58	The tallest wick right there. Watch, I'm
711	01:06:11 --> 01:06:15	this candlestick leaves this inefficiency the way we were looking for
712	01:06:15 --> 01:06:21	it, to do it higher, not lower. So it's failed because it's in the lower half.
713	01:06:21 --> 01:06:28	Now, if this inefficiency was all overlapping candlesticks, but then this
714	01:06:28 --> 01:06:31	one was there, then I would say, if it got to here, then I would look to I
715	01:06:31 --> 01:06:35	would look for it to sell off a little bit. May not need to take out the loaded
716	01:06:35 --> 01:06:38	form there, but that would be one that could be tradable. And I'll show you
717	01:06:38 --> 01:06:43	examples of that today before we close. But here we have the consequent
718	01:06:43 --> 01:06:47	encroachment of this wick right there. So that means when this candlestick went
719	01:06:47 --> 01:06:50	up here and stopped the next one we opened, it's reasonable to anticipate
720	01:06:50 --> 01:06:54	it, to do what trade down to this candlesticks midpoint or consequent
721	01:06:54 --> 01:06:58	encroachment, to do what the send price higher, because this is a discount
722	01:06:58 --> 01:07:02	array, and price goes higher, and then we get the fair value gap that we've
723	01:07:02 --> 01:07:09	been talking about on talking about all morning. What is this? We trade down
724	01:07:09 --> 01:07:13	into it, inversion. Fair value gap sends it where lower. What color is it?
725	01:07:14 --> 01:07:19	Everybody knows what I'm teaching about. Inverse. Very value is an orange hue.
726	01:07:19 --> 01:07:22	That means when it goes down through it, it's going to treat it as, not as a
727	01:07:22 --> 01:07:29	buying opportunity. See, anybody else, they thought it had it like this, and I
728	01:07:29 --> 01:07:31	didn't say anything, you would have thought, Oh, he's he's signaling that
729	01:07:31 --> 01:07:35	it's going to go higher. But what color that hurricane make it orange? It's
730	01:07:35 --> 01:07:39	going to treat it as what it's going to go down into this inefficiency, not to
731	01:07:39 --> 01:07:46	create a buy but to fail. So this is why I'm telling you. I've seen so many
732	01:07:46 --> 01:07:50	people, and you got to let me get this off my chest, because it's irritating,
733	01:07:51 --> 01:07:54	and it's doing a disservice to the community, and it makes my stuff look
734	01:07:54 --> 01:07:58	like it's not correct or precise, because other people don't know what
735	01:07:58 --> 01:08:00	they're doing with these things, and they're trying to teach it. They're
736	01:08:00 --> 01:08:04	trying to sell it in courses. You can't do what I'm doing here. You have no idea
737	01:08:04 --> 01:08:09	what I'm doing. I'm teaching you. So that way, I can help my students. They
738	01:08:09 --> 01:08:12	are not your students. They're mine. They're paying you. I'm not getting
739	01:08:12 --> 01:08:15	anything from it, but the peace of mind knowing that you're going to parrot what
740	01:08:15 --> 01:08:17	I'm saying, if you're doing it correctly, you're going to say
741	01:08:17 --> 01:08:22	everything I'm teaching correctly, and then my students are going to do well,
742	01:08:22 --> 01:08:25	and you're going to get the applause for it, and you're going to get to pay for
743	01:08:25 --> 01:08:27	it, but I'm going to be able to sleep at night because I know that they're not
744	01:08:27 --> 01:08:31	going to lose their ass because you don't know what you're talking about. So
745	01:08:31 --> 01:08:34	that's why I get upset, because people are out there trying to teach something.
746	01:08:34 --> 01:08:38	They don't know You don't know what it is. You don't know how to do it. You can
747	01:08:38 --> 01:08:42	talk about it in hindsight. Only I am not out here hindsighting it. I'm
748	01:08:42 --> 01:08:44	telling you what the fuck is going to happen before it does it, how it should
749	01:08:44 --> 01:08:48	behave. Because it's very, very frustrating when I see emails from
750	01:08:48 --> 01:08:52	people saying I lost money trying to learn from this person that's teaching
751	01:08:52 --> 01:08:55	your stuff, and then I watched your live streams and live sessions, and you're
752	01:08:55 --> 01:08:58	doing it right in front of us and explaining it, and it's so much more
753	01:08:59 --> 01:09:05	better. It's more believable when it's shown real time. And that's all I'm
754	01:09:05 --> 01:09:07	demonstrating here. I already know people are going to take this stuff and
755	01:09:07 --> 01:09:11	teach it, and I just want you to do it the right way. I can't stop you from
756	01:09:11 --> 01:09:16	teaching it. I can't but what I can do is put a spotlight on you in social
757	01:09:16 --> 01:09:20	media and say you're full of shit. Stop doing that, because it ain't accurate.
758	01:09:20 --> 01:09:23	It's not real. And you're either putting my name against something that I don't
759	01:09:23 --> 01:09:28	stand with, or you're pretending that you know something that I've only
760	01:09:28 --> 01:09:34	introduced. I've only introduced these concepts, so I'm the one that's being
761	01:09:34 --> 01:09:39	responsible with the students, not you. So and getting if this is the only fair
762	01:09:39 --> 01:09:44	value got that exist below the halfway point that dropped lower, and it's the
763	01:09:44 --> 01:09:47	fact that we dropped straight from the opening that's what told me that that
764	01:09:47 --> 01:09:52	that gap is not something to go short on. It is something that you expected to
765	01:09:52 --> 01:09:55	go higher. And you can see the traps, okay, you know, there's these goobers
766	01:09:55 --> 01:10:01	out there that used to use my leaked content, and they rebranded it. And. WW,
767	01:10:01 --> 01:10:07	a guys, yeah, here's your plug. They're full of shit. So they took my stuff and
768	01:10:07 --> 01:10:11	rebranded stuff and turned a order block into a Wally block. Now, who the fuck is
769	01:10:11 --> 01:10:19	gonna want to trade a Wally block a Walmart block? Okay, come on, roll back
770	01:10:19 --> 01:10:27	the prices. Right? So anyway, when when you see these people and people like
771	01:10:27 --> 01:10:31	them that want to make a name for themselves and take shots, okay, I'm the
772	01:10:32 --> 01:10:37	one that's going to tell you the logic that works. And when you see retail
773	01:10:37 --> 01:10:42	logic like these dojis that are forming in here, these wicks that people will
774	01:10:42 --> 01:10:45	say, hey, that's rejection. It's rejecting that. And it's also one of
775	01:10:45 --> 01:10:51	those liquidity boids. It came back up and filled this inefficiency. And I'm
776	01:10:51 --> 01:10:55	telling you live stream that that's not what's going to happen. The opposite is
777	01:10:55 --> 01:11:02	going to happen. So I'm looking for retail traps. I know how a time
778	01:11:02 --> 01:11:06	distortion will make traders say the job is real and get all screwed up or not
779	01:11:06 --> 01:11:09	take a trade at all. When I can go in there and I can see what it's doing, and
780	01:11:09 --> 01:11:13	I can engage in I can trade with it. My students can trade with it. Not all of
781	01:11:13 --> 01:11:19	them, but they're learning. You can see right away why there is a sense of
782	01:11:19 --> 01:11:24	authority when I'm talking, when I'm teaching and when I'm reviewing things
783	01:11:24 --> 01:11:28	that I have authored and I can talk about before it happens, because I know
784	01:11:28 --> 01:11:33	I'm talking about and I it's my logic, because I have that, and I also
785	01:11:33 --> 01:11:38	understand, because I started as a retail thinking trader, everything that
786	01:11:38 --> 01:11:44	is taught in every retail teacher, course or book I am, I know about it. I
787	01:11:44 --> 01:11:49	wasted 1000s and 1000s and 1000s of dollars on that shit. And the only thing
788	01:11:49 --> 01:11:57	it does, it gives me a chess match. I'm Bobby Fisher, and this is the guy that
789	01:11:57 --> 01:12:01	just stopped playing checkers and bought his first chess book that that's,
790	01:12:01 --> 01:12:04	that's, that's the moments I'm looking for. And that's what we were looking at
791	01:12:04 --> 01:12:07	here, when we see these little wicks in here, and everybody else that thinks
792	01:12:07 --> 01:12:11	they understand inefficiencies, because it went up there like that, they think
793	01:12:11 --> 01:12:16	it wants to go where lower. And I'm telling you, the logic is no, because
794	01:12:16 --> 01:12:22	right at 930 it dropped initially, straight down, when we already was
795	01:12:22 --> 01:12:28	expecting a lower gap opening from Friday's settlement price. So it's
796	01:12:28 --> 01:12:32	already going to be opening at a real, real deep discount price. And then add
797	01:12:32 --> 01:12:36	to it, it opens and sells off. That's the public selling it. They're chasing.
798	01:12:36 --> 01:12:40	They're going to sell short sales and anything that they see as a reason to
799	01:12:40 --> 01:12:44	get short, they're going to take it. And what do they do? They lay the bait for
800	01:12:44 --> 01:12:52	them, dojis. Dojis inside of an inefficiency. No, thank you. Go ahead
801	01:12:52 --> 01:12:56	and take that cheese. Go ahead. Go for it, because you're going to get the
802	01:12:56 --> 01:12:59	metal behind your neck, and then I'm going to come over here and tell you
803	01:12:59 --> 01:13:04	it's going to go higher. And I run away, and I run to the minor buy side, in the
804	01:13:04 --> 01:13:08	direction of the halfway point of the opening range gap that need not be
805	01:13:08 --> 01:13:14	filled or delivered to, because you have an opportunity to take this trade to the
806	01:13:14 --> 01:13:17	first presented fairbay gap that could be your target, that would have been
807	01:13:17 --> 01:13:21	filled right there. What if? What if that's all you decide to do, Caleb, is
808	01:13:21 --> 01:13:28	there something wrong with that? No, there's nothing wrong with that. It's
809	01:13:28 --> 01:13:33	actually a low hanging fruit objective, because the draw would be high of day.
810	01:13:33 --> 01:13:40	Opening price by side, lower quadrant of the opening range, gap, mid gap, there
811	01:13:40 --> 01:13:43	are all potential areas where your partial could be taken or any one of
812	01:13:43 --> 01:13:50	them could be your terminus, your end target. So I'm providing you where the
813	01:13:50 --> 01:13:53	market's going to draw to, but you decide how you're going to frame it. Is
814	01:13:53 --> 01:13:56	it going to be the easiest one to get out of and be done? That's what all of
815	01:13:56 --> 01:14:03	you should do. Starting there, the easiest exit point that you can see,
816	01:14:03 --> 01:14:09	that you can comfortably wait for and get in, the easiest first opportunity,
817	01:14:09 --> 01:14:13	low hanging fruit, entry mechanism, and I taught that to you here today. Okay,
818	01:14:13 --> 01:14:19	exiting. You're looking for the easiest exit, if you're if you're expecting it
819	01:14:19 --> 01:14:28	to trade higher here. Well, what's the first gap? That's this one here, the
820	01:14:28 --> 01:14:37	liquidity here, lower quadrant opening range, consequent craftsman, the the
821	01:14:37 --> 01:14:41	midpoint of the opening range gap, the difference between Friday settlement
822	01:14:41 --> 01:14:45	price and the opening ticket 930 on this candlestick right there, which
823	01:14:45 --> 01:14:48	technically now I look at that, I just say, mistake. You probably, you're
824	01:14:48 --> 01:14:51	probably saying that screaming, and you're probably even tweeting it to me
825	01:14:51 --> 01:14:54	or leaving comments on my most recent post. That's not the first paragraph,
826	01:14:54 --> 01:14:58	and you, you'd be right. I didn't look at the time. I'm sorry. It's my mistake.
827	01:14:59 --> 01:15:07	That's their very first. A fair value gap. So I apologize there. It can't be
828	01:15:07 --> 01:15:11	on your 930 candle. It can only appear at 931 or after. So this is your very
829	01:15:11 --> 01:15:15	first fair value gap. So I was incorrect by saying all that stuff, but then they
830	01:15:15 --> 01:15:18	had that, excuse me, you had the gap that we've been talking about that's
831	01:15:18 --> 01:15:23	inside that. So that's kind of interesting, isn't it? But the the
832	01:15:23 --> 01:15:27	targeting aspect of what you're looking for from where you expect price to run
833	01:15:27 --> 01:15:33	from to where it's going to gravitate to in that first 10, I'm sorry, first 30
834	01:15:33 --> 01:15:37	minutes to 10 o'clock, you're always looking for an opportunity for it to try
835	01:15:37 --> 01:15:42	to get to the halfway gap. So consequent correction of the opening range gap. In
836	01:15:42 --> 01:15:49	my mind, that is my always first draw. I want to see that because there's a 70%
837	01:15:50 --> 01:15:54	chance that's likely to happen if there's something before this level,
838	01:15:56 --> 01:16:00	like these smooth highs the opening price, which is a static it's not some
839	01:16:00 --> 01:16:04	zone. It's a very specific price level. If you aimed for that, that's, that's,
840	01:16:04 --> 01:16:08	that's a good level. And you have the first very, the first variable here. So
841	01:16:09 --> 01:16:13	does that give you much room, leaving this area here, where we set it live,
842	01:16:13 --> 01:16:16	that this wasn't going to be a sell, it's actually something you want to see
843	01:16:16 --> 01:16:19	a trade higher from it doesn't give you much room to profit. So that's not that
844	01:16:19 --> 01:16:23	all that important. So because we're thinking it's going to go up to opening
845	01:16:23 --> 01:16:27	range gap, how can you use this inefficiency here, if you didn't look at
846	01:16:27 --> 01:16:31	the fairbair like I outlined it when it was happening, and you were looking at
847	01:16:31 --> 01:16:35	this correctly, because I made the mistake of not recognizing that that was
848	01:16:35 --> 01:16:39	the 930 candle. But I'm teaching us. I'm doing it too. So it's a whole lot of
849	01:16:39 --> 01:16:42	things going on, and I'm doing over a one minute chart, so it's not as easy as
850	01:16:42 --> 01:16:46	it looks. And if you think it is, do it. I'd love to watch your live stream the
851	01:16:46 --> 01:16:53	and I promise I won't troll you. The gap in here, this drop down into that fair
852	01:16:53 --> 01:16:59	value gap, is also tapping into this gap, which is if we're expecting it to
853	01:16:59 --> 01:17:05	go higher. Here is this gap a cell? No Why? Because the opening range got
854	01:17:06 --> 01:17:09	midpoint or consequence encroachments up here. It's still likely to be traded to
855	01:17:10 --> 01:17:15	here. What time is that? It's 948 what time is this candlestick when it would
856	01:17:15 --> 01:17:18	have gave you a buy, based on everything we've been talking about in this live
857	01:17:18 --> 01:17:25	stream, it's 950 what is that macro? Time? 10 minutes to 10 to 10 minutes
858	01:17:25 --> 01:17:30	after 10, that's your macro. It's going to do what run to inefficiency or run to
859	01:17:30 --> 01:17:35	liquidity. Okay? Well, we know that bias wise, it's likely to draw up to half of
860	01:17:35 --> 01:17:40	the gap. Some of you, probably a lot of you, are looking at the fact that we
861	01:17:40 --> 01:17:43	didn't get there, and you're thinking, it doesn't work, it doesn't work. It's
862	01:17:43 --> 01:17:48	the draw. It's the direction, the first initial draw. How do you know what side
863	01:17:48 --> 01:17:53	the market to trade on? I'm teaching that it doesn't need to trade at these
864	01:17:53 --> 01:17:58	levels 70% of the time is not 100% of the time. So how do you find something
865	01:17:58 --> 01:18:04	that's profitable in in that model, if you see this as the first fair value
866	01:18:04 --> 01:18:07	gap, and we I didn't even need to frame any of this on that. I was framing on
867	01:18:07 --> 01:18:13	the basis of watching this one form. So this, it just adds to it that that is
868	01:18:14 --> 01:18:18	not necessary. But let's just say that you saw it as the first fair value gap,
869	01:18:18 --> 01:18:22	and we're expecting it to trade up to the open range, gap consequence
870	01:18:22 --> 01:18:27	midpoint, and attack these smooth highs. Well, then you would expect it to trade
871	01:18:27 --> 01:18:34	through this gap here and do what, find the support, treat it as a discount
872	01:18:34 --> 01:18:40	array, and rally higher. At the time, when we were watching it, we were
873	01:18:40 --> 01:18:45	looking at how these these candles, shared the same space between the two.
874	01:18:46 --> 01:18:49	One was offering it to the downside. One was offering it to the upside. So this
875	01:18:49 --> 01:18:56	is treated as a balanced price range, and the market rallies higher, attacks
876	01:18:56 --> 01:19:02	the buy side, the lower quadrant level of the opening range gap, and then did
877	01:19:02 --> 01:19:06	not trade to opening range gap, constant encroachment. But what did they leave
878	01:19:06 --> 01:19:17	here? What's up here? Now that's primary buy side liquidity. I
879	01:19:25 --> 01:19:32	Why is this primary? Because we cleared a higher high of the day. This is
880	01:19:32 --> 01:19:38	initial high day at 930 drop. Judas rallies over top. All that price action
881	01:19:38 --> 01:19:41	reaches into lower quadrant, fails to get the opening range, constant
882	01:19:41 --> 01:19:48	encouragement of that gap, and then they leave high, lower, high. That's a valid
883	01:19:48 --> 01:19:54	trap. So traders that are trying to go short their their orders to protect that
884	01:19:54 --> 01:19:59	short are resting right there. It. Need not trade it to it today, but you have
885	01:19:59 --> 01:20:05	to. Have that level as a key level until we go through it this week. That's a
886	01:20:05 --> 01:20:08	level that I have in my notepad. Give me a second.
887	01:20:16 --> 01:20:30	19, 460, 3.50 i Five zero, if you don't, if you don't have a pad, a writing
888	01:20:30 --> 01:20:33	instrument, next to you, while you're watching price action, you're doing it
889	01:20:33 --> 01:20:37	wrong, because, if it only appears inside your chart, you're not doing it
890	01:20:37 --> 01:20:42	right. Like, I look at the raw numbers when I'm done like I'm I'm away from the
891	01:20:42 --> 01:20:47	charts. I look at the raw numbers, and I think to myself how they might use it in
892	01:20:47 --> 01:20:52	the next session, which is the lunch macro. And then I look at how the
893	01:20:52 --> 01:20:57	numbers are used for the afternoon, and I formulate a possible scenario, because
894	01:20:57 --> 01:21:00	I know this is the high of the day now, and they formed it with relative equal
895	01:21:00 --> 01:21:08	highs. We've broken this. This is, this was initially what minor cell side. I
896	01:21:08 --> 01:21:12	didn't label it because I'm still not actively teaching, but this has now been
897	01:21:12 --> 01:21:16	broken. So that minor cell side that would have been annotated as such, this
898	01:21:16 --> 01:21:22	now is primary cell side, because it's taken out the initial low today. So
899	01:21:22 --> 01:21:26	here's primary sell side, primary buy side, because it's taken out high here
900	01:21:27 --> 01:21:30	and this low is taken out here. So to take out this low is a much more
901	01:21:30 --> 01:21:41	meaningful event. It doesn't mean it can't super this means that it's a lot
902	01:21:41 --> 01:21:48	more meaningful how we trade around it, and I'll explain A second left. I
903	01:22:00 --> 01:22:01	left so
904	01:22:26 --> 01:22:31	now, because we've taken this low out with this drop down, we rallied up
905	01:22:33 --> 01:22:37	consequent encroachment of this gap over here when we traded down through it,
906	01:22:37 --> 01:22:41	here you see how it offered it as a premium array and then sold off into
907	01:22:41 --> 01:22:47	this inefficiency right here there. See that now that we're rallying above, I
908	01:22:47 --> 01:22:50	would like to see this now with the color that it is here. I'd like to see
909	01:22:50 --> 01:22:55	it be treated as a reclaimed fair value gap, so where we would have expected
910	01:22:55 --> 01:22:58	initially, if we were not fully understanding what is that goes on the
911	01:22:58 --> 01:23:03	marketplace the first time it drops into that someone might think that, okay,
912	01:23:03 --> 01:23:08	that's when those ICT buys, when that's the that's the draw there. And we knew
913	01:23:08 --> 01:23:15	that when this was a inversion Fairbank earlier, we sold off from here to here
914	01:23:15 --> 01:23:19	into that Fairbank. That is a trade setup that I think that my son would do
915	01:23:19 --> 01:23:24	well with. It's a real easy bread and butter type setup. Now that we rally
916	01:23:24 --> 01:23:30	back above this gap over here, I want to see this act as an inversion fair value
917	01:23:30 --> 01:23:34	gap. It need not trade to it, but if it does, if it trades down into it, we can
918	01:23:34 --> 01:23:38	use that as a stepping stone to see if we can get to the buy side. That's a
919	01:23:38 --> 01:23:40	minor buy side right in here. It does highs. I'm
920	01:24:09 --> 01:24:13	and because you have this inefficiency over here, you want to drag that over
921	01:24:13 --> 01:24:20	too. And both of these
922	01:24:26 --> 01:24:32	areas in here, I'm going to watch to see if they can find some support at them or
923	01:24:32 --> 01:24:39	inside of them, or if we quickly run into this down closed candle here, this
924	01:24:39 --> 01:24:43	down closed candle should not see its halfway point or mean threshold traded
925	01:24:43 --> 01:24:49	to if it does, it's it's not good. And that means that most likely, we're
926	01:24:49 --> 01:24:53	probably going to go lower and probably trade lower for the duration into the
927	01:24:53 --> 01:24:58	lunch hours. And where we're at right now, I would be more I would be more
928	01:24:58 --> 01:25:01	comfortable looking for it to try. Trade up into that minor buy side that I
929	01:25:01 --> 01:25:05	haven't annotated here, because that would be a little stop hunt inside of
930	01:25:05 --> 01:25:10	the run from here down. The only time we've had a stop hunt, we've done it on
931	01:25:10 --> 01:25:14	this little wick. I don't like that. I want to see a bodied swing high,
932	01:25:15 --> 01:25:18	something like this, versus something like that. Because we already hit that.
933	01:25:18 --> 01:25:24	We went lower, excuse me, and then we ride back up. We haven't taken this high
934	01:25:24 --> 01:25:29	out yet, but we're respecting the lower half of this inefficiency by definition
935	01:25:29 --> 01:25:31	that's actually indicating it's weak. I'm
936	01:26:00 --> 01:26:05	so you have to stop and think for yourself, what has the most money been
937	01:26:05 --> 01:26:12	made on most recently? Would you say being long or being short? Because this
938	01:26:12 --> 01:26:16	is what you do when you trade the lunch macro. I'm going to be with you till the
939	01:26:16 --> 01:26:20	noon today. So we're going to have this a little bit longer one today, and each
940	01:26:20 --> 01:26:23	day the rest of the week, it'll be shorter, because I'm just going in and
941	01:26:23 --> 01:26:27	taking one or two setups and then closing the session out, because that's
942	01:26:27 --> 01:26:32	what I want my son to do, get in, get his and go. So yeah, we went down into
943	01:26:32 --> 01:26:36	half of this gap between this candlesticks high, that candlesticks
944	01:26:36 --> 01:26:46	low, and the bodies just went outside of that inefficiency is low over here. So
945	01:26:46 --> 01:26:50	it's left that lower portion open. So if we can, soon as we trade above this high
946	01:26:50 --> 01:26:57	here, that cancels all this, remove, not remove this inability to move to the
947	01:26:57 --> 01:27:03	upper half up here, of this inefficiency. Now I can imagine when I
948	01:27:03 --> 01:27:06	first started talking about this to Caleb, you know, I was thinking, this is
949	01:27:06 --> 01:27:10	going to be real easy for me to explain him. And as I started to explain it, and
950	01:27:10 --> 01:27:17	the deer in headlights look on his face was like, Oh, this isn't going to be as
951	01:27:17 --> 01:27:21	easy as I thought it was for you to pick it up. And I started to second guess
952	01:27:21 --> 01:27:29	myself as a as a teacher, for the very reasons of not feeling comfortable
953	01:27:29 --> 01:27:34	reaching for the words I thought were going to be easy for him to grasp and
954	01:27:34 --> 01:27:41	say, Oh yeah, I could see that that. And I guess it's me taking light of how long
955	01:27:41 --> 01:27:46	I've been doing it, I naturally think that it should be everybody. If I'm
956	01:27:46 --> 01:27:49	going to sit down with you, one on one, it should be real easy for you to do it.
957	01:27:49 --> 01:27:55	And it's, it's a little disheartening to see how when I start to do it one on one
958	01:27:55 --> 01:28:00	again, it's like it's not as easy as I want it to be for them. And it's because
959	01:28:00 --> 01:28:04	it's my son. I really, really wanted to pick it up easy, and still, it requires
960	01:28:04 --> 01:28:09	some work ethic and effort and first learning the language. So you can see
961	01:28:09 --> 01:28:13	right away, like by me, having all these things on my chart, which is what you're
962	01:28:13 --> 01:28:20	not used to seeing me. Do you have to see the dynamic around how the markets
963	01:28:20 --> 01:28:26	operating in them. Otherwise you're not going to fully appreciate it. And when
964	01:28:26 --> 01:28:31	you're looking at your charts and you're back testing, like I said, I prefer to
965	01:28:31 --> 01:28:36	see this inefficiency support price. I like the fact that we haven't broke down
966	01:28:36 --> 01:28:40	yet, but if it does, and the midpoint of this down closed candle sets the stage
967	01:28:40 --> 01:28:46	for a run below that. I'm looking at these highs here as they're trying to
968	01:28:46 --> 01:28:50	trust, or build in trust that anyone that's short, they're going to want to
969	01:28:50 --> 01:28:54	drop their stop loss down here. And if that happens to be the case, they may
970	01:28:54 --> 01:28:59	take out that low or this low, and then run for that area, because it'll give
971	01:28:59 --> 01:29:02	them reasons to buy below this low. If they take it below that low, they can
972	01:29:02 --> 01:29:06	buy that and then start distributing those longs here, then here, and work
973	01:29:06 --> 01:29:13	inside all this range, back up to New Day, opening gap. And what I just did
974	01:29:13 --> 01:29:16	there is probably like, how did you get to that? That's experience. But you
975	01:29:16 --> 01:29:20	don't need that, not in the beginning, because you don't have any to work with
976	01:29:20 --> 01:29:26	Caleb, you have to get this every single day by being in the charts. You just
977	01:29:26 --> 01:29:30	want the obvious, easy setups, the ones you can see clearly. If it's not
978	01:29:30 --> 01:29:35	obvious, you can't be mad about it when you missed it. And as you do this more
979	01:29:35 --> 01:29:42	and more, for all everyone else, that's a little block right there. So since we
980	01:29:42 --> 01:29:49	tapped it, it needs to start delivering above here. Any failure to go lower sets
981	01:29:49 --> 01:29:52	the stage where I run lower into that, and then we could probably just keep
982	01:29:52 --> 01:29:58	dipping lower into it, into a lower daily range. I.
983	01:30:07 --> 01:30:13	I'll just say, Oh, the most obvious runs where the market is clearly in the first
984	01:30:13 --> 01:30:17	30 minutes, you have a lot of advantage knowing where, if there's a large range
985	01:30:17 --> 01:30:24	gap, that halfway point of that gap is such an easy just man, that's like, it's
986	01:30:24 --> 01:30:28	an obvious thing. It's obvious. It doesn't mean you're going to be right
987	01:30:28 --> 01:30:31	every single time trying to trade for it, but if that's where you're going to
988	01:30:31 --> 01:30:35	start with as your foundation, it's going to serve you very, very well. And
989	01:30:35 --> 01:30:40	in this case, you saw that we had my side, it went to that lower quadrant. It
990	01:30:40 --> 01:30:44	went to that and just fell short of opening range gap consequence, which is
991	01:30:44 --> 01:30:52	still here. So what I'm looking at is I'm seeing how we left those smooth
992	01:30:52 --> 01:30:58	highs. Mid gap is still up here, hasn't, hasn't been traded to we had a really
993	01:30:58 --> 01:31:04	nice short term low that was priced in quickly. We folded, went lower, took
994	01:31:04 --> 01:31:10	that low out here, failed to go lower there, but we're building this little
995	01:31:10 --> 01:31:16	clean area. This candlestick is to trigger whether or not we see it go
996	01:31:16 --> 01:31:21	higher enough if it's going to go higher. I don't care about all the mess
997	01:31:21 --> 01:31:25	around here, and I can, I can trade above this area, if I'm going to, if I
998	01:31:25 --> 01:31:30	want to go long, to get this smooth high in consequent encouragement mid gap, if
999	01:31:30 --> 01:31:34	I'm aiming for that, if I'm bullish, that's what I'm aiming for. I don't have
1000	01:31:34 --> 01:31:38	anything to do yet. I'm trying to stay with you long enough today to do
1001	01:31:38 --> 01:31:41	something I don't want to. I don't want to, I don't want to close the stream and
1002	01:31:41 --> 01:31:45	not have pressed the button. That's what I'm doing. If I would have traded by
1003	01:31:45 --> 01:31:49	now, and took and took a trade and showed you where stop would be, where
1004	01:31:49 --> 01:31:52	I'd look for the run to, I would already close the stream now,
1005	01:32:02 --> 01:32:06	but it rolls through this consequent, or, I'm sorry, mean threshold, this down
1006	01:32:06 --> 01:32:13	closed candle, that's this, if it's bullish, it shouldn't trade and go below
1007	01:32:13 --> 01:32:18	on a closing basis. No candlestick should close below this mean threshold.
1008	01:32:18 --> 01:32:21	It can stab through it. It can theoretically stab all the way down and
1009	01:32:21 --> 01:32:27	match the same candlesticks low. It's bad. It's not the best for something
1010	01:32:27 --> 01:32:35	like that happen. But in theory, it can do that. Ideally, the upper half should
1011	01:32:35 --> 01:32:40	keep price at bay and not go lower if it's bullish, but if it can keep going
1012	01:32:40 --> 01:32:44	down and touch that midpoint that's indicating that it's not something good.
1013	01:32:44 --> 01:32:48	Now, what you're saying is what happens if you're buying that? I'm not trying to
1014	01:32:48 --> 01:32:52	buy an order block today. I'm trying to trade the fair value gap, but I'm giving
1015	01:32:52 --> 01:32:56	the logic around price action until a fair value got forms that I would be
1016	01:32:56 --> 01:33:00	willing to take. See that violates it, and look how, look how fast and
1017	01:33:00 --> 01:33:06	accelerate through the bottom of it. What you're looking at is how I'm taking
1018	01:33:06 --> 01:33:13	a motor block to frame a displacement higher or lower in that next price run,
1019	01:33:13 --> 01:33:17	then I have to reassess and see what is it reaching for. Now, just done this,
1020	01:33:17 --> 01:33:22	expecting it to fail. That's part of using the PD arrays, because it gives
1021	01:33:22 --> 01:33:32	you sit still or go the other direction. In other words, it gives you the rhyme
1022	01:33:32 --> 01:33:35	or reason where most traders, most mentors out there, that are out there
1023	01:33:35 --> 01:33:38	trying to teach they don't know, they don't know what they're doing. They're
1024	01:33:38 --> 01:33:41	reacting to price. They're chasing price. Their momentum breakout artists.
1025	01:33:42 --> 01:33:46	That's not me, all right, so now we have the potential of this little Fairbank
1026	01:33:46 --> 01:33:51	gap right in here. It's not there yet, but as long as we don't take out that
1027	01:33:51 --> 01:33:53	low right in here, we might have something to work with.
1028	01:34:02 --> 01:34:17	I'm might not end up becoming a immediate rebalance. Immediate rebalance
1029	01:34:17 --> 01:34:21	is coming right back to this candle sticks low, if it touches that means the
1030	01:34:21 --> 01:34:27	very next candle, or that candle, usually we'll see it running the same
1031	01:34:27 --> 01:34:35	direction it was Moving prior. Yeah, not much of a gap now.
1032	01:34:42 --> 01:34:50	Yes, I'd consider it immediate rebalance. I'm watching the wick in
1033	01:34:50 --> 01:34:54	here. If it can stay in the lower half of it and not trade it above it or an
1034	01:34:54 --> 01:34:58	upper half without taking out that high, it should roll right over and attack
1035	01:34:58 --> 01:34:59	that that low here.
1036	01:35:50 --> 01:35:55	So if you were looking at this candlestick like I was outlining it, if
1037	01:35:56 --> 01:36:00	it was going to be bullish, the upper half of that to the midpoint should be
1038	01:36:00 --> 01:36:05	doing. What with price supporting it? If it trades to its middle point, which is
1039	01:36:05 --> 01:36:09	mean threshold, it indicates it's weak. So now, what happens when you start
1040	01:36:09 --> 01:36:16	trading up into that same range here? It should stay in the lower half of this
1041	01:36:16 --> 01:36:19	candlestick and then drop down and attack that sell side, right there. So
1042	01:36:30 --> 01:36:35	so there's all kinds of trades here, but I'm forcing myself to operate on the
1043	01:36:35 --> 01:36:39	basis of just the fair value gap. You gotta wait for The fair value gap. I
1044	01:37:28 --> 01:37:33	so if you looked at this wick here, that's comp con version of that wick
1045	01:37:36 --> 01:37:43	halfway. So using the middle of the order block there and immediate
1046	01:37:43 --> 01:37:46	rebalance trading down to that. That's something that's tradable. It's not
1047	01:37:46 --> 01:37:49	something that I like to trade. Obviously, you guys see I trade pretty
1048	01:37:49 --> 01:37:53	big, pretty big ranges in the targets are not like 10 points or something like
1049	01:37:53 --> 01:37:58	that. But I'm going to try to find something before we close the session. I
1050	01:37:58 --> 01:38:02	promise you, I'm not closing this session down until I push the button the
1051	01:38:05 --> 01:38:09	the initial 15 handles, or 20 handles. That's kind of like what I want to see
1052	01:38:09 --> 01:38:14	Caleb try to trade with if you can't make at least 15 handles from it. I
1053	01:38:14 --> 01:38:17	don't want him to be trying to take a trade in it. And if we get the
1054	01:38:17 --> 01:38:22	formations that I'm outlining for him, I'll explain to you what I'm looking
1055	01:38:22 --> 01:38:26	for, why it's viable. Because if it can't make at least 15 handles, that
1056	01:38:26 --> 01:38:30	means that means that 20 handles should be easy to see from my target, from
1057	01:38:30 --> 01:38:36	where I'm trying to get in at. So from target to the entry, there should be at
1058	01:38:36 --> 01:38:40	least 20 handles run in between there that should afford me the opportunity,
1059	01:38:40 --> 01:38:46	or by theory, it should afford him 15 handles as a profit objective. I don't
1060	01:38:46 --> 01:38:49	like the 10 handle stuff. I mean, you can if you want to do that. But if you
1061	01:38:49 --> 01:38:53	look at price action, 10 handles, for some of you that are probably wondering
1062	01:38:53 --> 01:38:57	what that is, that's this, you
1063	01:39:05 --> 01:39:10	uh, that's, that's, that's 10 handles. That's static, that's static price
1064	01:39:10 --> 01:39:14	action like it could just be moving around inside of a small little
1065	01:39:14 --> 01:39:20	consolidation, and got not even going area in that 10 handles, you can get
1066	01:39:20 --> 01:39:25	stopped out and be right if you're just trying to trade in, you know,
1067	01:39:25 --> 01:39:28	consolidations or time distortion, which is basically what we're seeing here.
1068	01:39:28 --> 01:39:33	This is all time distortion, which is means you have to sit and wait. Wait for
1069	01:39:33 --> 01:39:36	them, wait for them to give you something obvious and right now it's not
1070	01:39:36 --> 01:39:43	obvious, so you wait. So it would need to do something like this, give me a
1071	01:39:43 --> 01:39:50	move that affords me or him specifically. But while I execute in
1072	01:39:50 --> 01:39:56	front of you, it has to give me this much range potential, because I could
1073	01:39:56 --> 01:40:01	still probably fancy dance and get 15 handles out of that and still. So if
1074	01:40:01 --> 01:40:05	even trade turns around, I should be able to take 15 out of that, but 10
1075	01:40:05 --> 01:40:11	handles like that. When you're when you have a market that's moving around like
1076	01:40:11 --> 01:40:15	this on a day by day basis, it's, it's kind of like it's not worth it. I'm not
1077	01:40:15 --> 01:40:19	going to sit in front of the charts just to get something like that, because the
1078	01:40:19 --> 01:40:26	the risk models that are associated with that in a market like nq, you have a
1079	01:40:26 --> 01:40:29	high degree of probability of getting stopped out with just that much movement
1080	01:40:29 --> 01:40:35	against you, and you can still be right in the direction, but you have to afford
1081	01:40:35 --> 01:40:42	yourself a measure of risk and 1010, handles for 10 handles, that's not what
1082	01:40:42 --> 01:40:47	I want my son to do. Let's just put it that way. So we've taken out the sell
1083	01:40:47 --> 01:40:52	side here. Now here's the order block. This could become reclaimed order block
1084	01:40:52 --> 01:41:00	bullish and run for the buy side here. I like this, if we can maintain that
1085	01:41:00 --> 01:41:06	evaporated here, so let me get this out of the way.
1086	01:41:18 --> 01:41:24	All right, so Caleb would have a low that's taken out that low over here. Now
1087	01:41:24 --> 01:41:29	we have this low that was taken out here, and we have clean highs, an
1088	01:41:29 --> 01:41:34	undelivered half midway between the opening range, gap high and low that has
1089	01:41:34 --> 01:41:40	not been traded to today. I'm drawing this. The Gap's not there. I'm just
1090	01:41:40 --> 01:41:48	saying if it, if it closed now, now we have it, this candle sticks low.
1091	01:41:58 --> 01:42:04	That candle sticks low to these equal highs, that is definitely what that's
1092	01:42:04 --> 01:42:05	enough handles, right?
1093	01:42:19 --> 01:42:27	And you start the clock from the time of entry. What time did you get into the
1094	01:42:27 --> 01:42:34	trade? How much risk? This is the candlestick number two stop goes below
1095	01:42:34 --> 01:42:43	it. Here's your target, and you just watch if it stops you out. You write
1096	01:42:43 --> 01:42:48	down how long it took to get stopped out, how much drawdown you you took on
1097	01:42:48 --> 01:42:53	the trade that would be monetized. How much money did you lose. Then, how fast
1098	01:42:53 --> 01:42:58	did it take if it gets to your target, how fast did it get there? And you do
1099	01:42:58 --> 01:43:02	this as many times as you can afford to do it in in your study that's all the
1100	01:43:02 --> 01:43:06	lower time frames will give you more opportunities so that we can do a lot of
1101	01:43:06 --> 01:43:10	these types of exercises. It's not a matter of being right or wrong. It's a
1102	01:43:10 --> 01:43:14	matter of desensitizing yourself to it. You don't want to be in here trying to
1103	01:43:14 --> 01:43:18	be accurate on every single one, because it's not realistic for you. Caleb, you
1104	01:43:18 --> 01:43:22	don't you don't know what you're doing. You're testing the theory. It's already
1105	01:43:22 --> 01:43:28	tried to go lower, like taking this low out here. This low was taken out here,
1106	01:43:28 --> 01:43:31	but this low did not take out that low. And we have clean highs that could be
1107	01:43:31 --> 01:43:38	easily trailed to for buy stops that are used more or less they protect the
1108	01:43:38 --> 01:43:44	people that are short. So all the movement here. Anyone that's short up in
1109	01:43:44 --> 01:43:50	here or shorted there, that's actually a nice one. As the market went lower, they
1110	01:43:50 --> 01:43:55	created these smooth highs here, and they took price below here. So traders
1111	01:43:55 --> 01:44:02	that use this as a sell stop to get short. Their short position is triggered
1112	01:44:02 --> 01:44:08	to get them in when it went below that low right there. So retail is thinking
1113	01:44:08 --> 01:44:12	that it's going to keep going lower, because they've watched what they've
1114	01:44:12 --> 01:44:17	watched, all this movement go lower, and by having that break out below to the
1115	01:44:17 --> 01:44:23	downside like that, it it provides them a trust factor that is in a lot of ways,
1116	01:44:23 --> 01:44:32	it's like bait. I don't know how to describe any of the word escapes now,
1117	01:44:32 --> 01:44:39	I'll probably have a better analogy once we close the stream now, but the you can
1118	01:44:39 --> 01:44:46	reduce this the stop now. It should not go back inside of the fair value gap. If
1119	01:44:46 --> 01:44:52	it does, that's fine. You have something that you can measure. It's not it's not
1120	01:44:52 --> 01:44:54	something that's going to always pan out. When you do it with your Live
1121	01:44:54 --> 01:44:59	account and going in, you're submitting yourself to what is the market doing,
1122	01:44:59 --> 01:45:03	and what's it most like? Really do everybody, primarily has made money
1123	01:45:03 --> 01:45:08	being short today. So it's reasonable to expect the market will do what roll
1124	01:45:08 --> 01:45:12	against those positions that are in favor. That means the market's going to
1125	01:45:12 --> 01:45:18	try to go against those that are in profit for the purpose of taking them
1126	01:45:18 --> 01:45:24	out of it. When you do these exercises, Caleb, you're not trying to be right?
1127	01:45:25 --> 01:45:28	You're not trying to show Dad You made this much money. There is no dollar
1128	01:45:28 --> 01:45:32	targets that you're not aiming for, that you're not aiming for a harvest of
1129	01:45:32 --> 01:45:36	certain number of handles. You're not trying to do those types of things.
1130	01:45:36 --> 01:45:40	You're just simply looking for an exercise where you've taken entered.
1131	01:45:40 --> 01:45:45	Reach for the take reach for the trades. Objective and get out and be done when I
1132	01:45:45 --> 01:45:49	can find the balls to trade in front of you. I promise I'll come out here and do
1133	01:45:49 --> 01:45:52	it. I promise you when I know how to trade, when I know what the market's
1134	01:45:52 --> 01:45:56	going to do, I promise you I'm going to do it, folks, but you got to give me
1135	01:45:56 --> 01:45:59	chance to learn how to do I got to read all these fucking books. Got to watch
1136	01:45:59 --> 01:46:03	all these other live streamers learn how to do this stuff, fucking clowns. So
1137	01:46:03 --> 01:46:10	now, what do you do with the information? This is what you do. I'm
1138	01:46:11 --> 01:46:20	going to take these off because I want this chart to be clean. That would be a
1139	01:46:20 --> 01:46:31	primary example of just a first partial. Okay, one partial. If you go to the next
1140	01:46:31 --> 01:46:35	state, say you've been doing these examples or exercises every single day
1141	01:46:35 --> 01:46:39	for about two, three weeks, and you feel comfortable with it, you don't you don't
1142	01:46:39 --> 01:46:45	feel any anxiety. You don't feel any kind of nervousness, and you shouldn't
1143	01:46:45 --> 01:46:48	really, because, I mean, it's, it's demo number one, and you shouldn't be sharing
1144	01:46:48 --> 01:46:52	those results, not with me either. Don't share, don't email me your charts,
1145	01:46:52 --> 01:46:55	because I'm not going to open up your charts. I'm not going to open up your
1146	01:46:55 --> 01:46:58	videos. Okay, I don't know what you're sending, and it could be a virus. I
1147	01:46:58 --> 01:47:05	don't do those things. But the next stage of your testing and doing drills
1148	01:47:05 --> 01:47:10	is that you would look for above here, what was the next liquidity? That's this
1149	01:47:10 --> 01:47:16	one here. So this would be first partial and then this would be Terminus. That's
1150	01:47:16 --> 01:47:20	that's where you're going to grow into Caleb. You're going to look for a first
1151	01:47:20 --> 01:47:24	partial objective, and then you're going to look for a tournaments where you're
1152	01:47:24 --> 01:47:27	done and you don't need it to trade all the way up to that mid gap. You don't
1153	01:47:27 --> 01:47:32	need it to trade back to its old highs and attack these, these relative
1154	01:47:32 --> 01:47:41	equalize. We don't need that. We don't need to see any of that stuff. So if you
1155	01:47:41 --> 01:47:54	can frame the trade minimum, it's got to be able to move 20 handles. The range
1156	01:47:54 --> 01:47:59	has to afford you rather, I'm sorry I didn't say that, right? It's got to have
1157	01:47:59 --> 01:48:05	at least this much movement potential, where it can traverse from one price
1158	01:48:05 --> 01:48:09	point where you expect to get in to where you think it's going to reach for
1159	01:48:09 --> 01:48:14	and it need not even go to that target. It has to afford you this much range.
1160	01:48:14 --> 01:48:20	Now, we were down here, and I told you, try to hammer it with the market, market
1161	01:48:20 --> 01:48:24	order. You're not going to get this price, as I'm going to show you here.
1162	01:48:32 --> 01:48:35	Why you guys make a big deal. You'll never you'll never see him. Trick I've
1163	01:48:35 --> 01:48:39	traded in front of people live in live stream before. Okay, I don't know why
1164	01:48:39 --> 01:48:42	you guys pretend like I don't do it, don't do it every time I have live
1165	01:48:42 --> 01:48:47	stream, I'm not afraid to do it. It's just I'm not obligated to do it. And
1166	01:48:47 --> 01:48:50	what I'm teaching at the time hasn't been entries. This week we're doing
1167	01:48:50 --> 01:48:59	entries. So this candlesticks low, all right, look up here. It's this value,
1168	01:48:59 --> 01:49:10	right here. That is this candlestick low. That's 339.25 so 19,339.25 that's
1169	01:49:10 --> 01:49:16	the ideal entry you're trying to get at that price plus one tick. So that would
1170	01:49:16 --> 01:49:28	be 19,339.50 so zero. That would be your ideal entry. I'm off by one and a half
1171	01:49:28 --> 01:49:37	handles with my fill. Am I saying that right? Got I gotta check myself here.
1172	01:49:37 --> 01:49:43	Hold on, my actual fill was 342, I want to make sure I say anything incorrect,
1173	01:49:43 --> 01:49:47	because I'm giving you very specific rules, and it would be very upsetting to
1174	01:49:47 --> 01:49:51	me, because my obsessive compulsive disorder would start firing me. Keep
1175	01:49:51 --> 01:49:54	this down here so you can see, straighten up into that minor by side.
1176	01:49:55 --> 01:50:02	So I'm just like time travel. So 342, 342, Two minus three, three, 9.50
1177	01:50:11 --> 01:50:18	2.5 so two and a half handles, so that would be times $20 it's $50 in drawdown.
1178	01:50:20 --> 01:50:27	Okay, so the trade had $50 or not draw down the difference between the actual
1179	01:50:27 --> 01:50:34	fill in my target. The trade itself had basically no drawdown from the time of
1180	01:50:34 --> 01:50:39	entry. It literally was just hanging around and then took off. So how can we
1181	01:50:39 --> 01:50:43	test that? Like, how can we test the amount of drawdown that we were in? Let
1182	01:50:43 --> 01:50:46	me stay here long enough to see that minor buy side hit first.
1183	01:50:55 --> 01:51:04	You're learning Pat ready to lose your money. You Oh, you're about to be
1184	01:51:10 --> 01:51:21	come on. That song kiss me always comes to uh, sixpence None the Richer, and
1185	01:51:22 --> 01:51:29	Booyah. Who is your daddy, your damn right? Is Poppy ICT. You watching that?
1186	01:51:29 --> 01:51:33	You watching that? Over here on top step, I'm whooping his ass, guys, I'm
1187	01:51:33 --> 01:51:38	whooping his ass. So anyway, look at this from what we're trying to get in
1188	01:51:38 --> 01:51:53	at, right? There. Come on now, change that the green. So we kind of flesh this
1189	01:51:53 --> 01:51:59	out, so Caleb can get a feel for what I'm talking about. All right. So what
1190	01:51:59 --> 01:52:05	I'm essentially saying, here is, this is where I saw the price. Okay, I saw that
1191	01:52:05 --> 01:52:09	price. Let me stop. Let me stop for a second. Okay? Because I know right now
1192	01:52:09 --> 01:52:12	you're all giddy as shit. You're like, what the fuck it just happened? He did
1193	01:52:12 --> 01:52:15	it live. It worked exactly like that. It was perfect. Those are You're right.
1194	01:52:15 --> 01:52:20	It's every fucking time I want a ditty like this, okay, what you need to grow
1195	01:52:20 --> 01:52:26	into is doing it without that excitement. When it needs to be boring.
1196	01:52:26 --> 01:52:31	Focus on that. Because if we're if we're meeting every day and you have that
1197	01:52:31 --> 01:52:38	feeling of excitement, you're doing it wrong. You have to come in bored. It's
1198	01:52:38 --> 01:52:43	not a rave, it's not a dance party. None of that stuff should be going you're
1199	01:52:43 --> 01:52:46	brand new. You need it to be boring, so that way you can focus in on what it is
1200	01:52:46 --> 01:52:53	you're learning. Because if you go in with excited lot of fevered pitch
1201	01:52:53 --> 01:52:58	emotions, you can't think clearly, you won't be able to focus clearly, and
1202	01:52:58 --> 01:53:03	you're going to be reacting to things versus watching price deliver, and is it
1203	01:53:03 --> 01:53:07	giving you the feedback I'm going to cover in a second. But as I mentioned,
1204	01:53:07 --> 01:53:11	it's got to give you at least a 20 handle run of range potential. What does
1205	01:53:11 --> 01:53:19	that mean? That's when that candlestick closed here, the very next candle, when
1206	01:53:19 --> 01:53:23	it opened up right at that price, and it started to drop down. I told you that
1207	01:53:23 --> 01:53:30	you want to try to hammer it and buy at the market as it hits it, because you
1208	01:53:30 --> 01:53:36	want to feel every bit of the emotion. You want to feel that emotional jump, of
1209	01:53:36 --> 01:53:41	rush of adrenaline because it's going to hit you, even though it's demo, because
1210	01:53:41 --> 01:53:46	you're you're at that point, you're at the precipice of saying, Okay, I need to
1211	01:53:46 --> 01:53:50	see this work in my own hands. And you don't need to see it work in your own
1212	01:53:50 --> 01:53:53	hands when you first start. That's the whole point of this week is to put you
1213	01:53:53 --> 01:53:58	in front of the charts and doing these exercises. I'm literally going to pick
1214	01:53:58 --> 01:54:01	the wrong ones on purpose, because I want Caleb when he's watching them,
1215	01:54:02 --> 01:54:06	there's only sometimes he can see them. He has certain days off that will afford
1216	01:54:06 --> 01:54:10	him to watch it live. Today, he can't watch it live, so he's gotta watch this
1217	01:54:10 --> 01:54:16	recording after the fact. So I'm going to do the ones I know, but when he's
1218	01:54:16 --> 01:54:22	watching live, I'm going to, I'm going to ask him to look at this particular
1219	01:54:22 --> 01:54:27	fair value guy, and it may or may not be something that you agree with. That's
1220	01:54:27 --> 01:54:33	why I'm telling you. And I just remembered shit, especially now you all
1221	01:54:33 --> 01:54:37	love me now, right? I'm all I'm everybody's daddy. Now I was supposed to
1222	01:54:37 --> 01:54:42	start the live stream off with a warning, you are not just you're not to
1223	01:54:42 --> 01:54:46	take the trades that I'm doing. Okay, please don't do that. If you've already
1224	01:54:46 --> 01:54:51	sent me a comment, either on Twitter or left a comment in my community post or
1225	01:54:51 --> 01:54:59	my videos, you will be the biggest help to me. If you don't share that you just
1226	01:54:59 --> 01:55:03	made money. Okay? Because what that's going to do is going to get in my head,
1227	01:55:03 --> 01:55:07	and I'm going to worry about all of you over leveraging your account. I don't I
1228	01:55:07 --> 01:55:11	don't want that. I know my shit works. I don't need anybody else to confirm it
1229	01:55:11 --> 01:55:16	for me. But if you have a fuzzy Whoo, it feels great, and you're all high fiving,
1230	01:55:16 --> 01:55:19	leaning over to the person next to it, man who's had a tree, keep that to
1231	01:55:19 --> 01:55:22	yourself. Please. Keep it to yourself. Okay, I'm not out here trying to be a
1232	01:55:22 --> 01:55:25	signal service this week, but I completely forgot about it, and I
1233	01:55:25 --> 01:55:32	apologize again. That's the second error today for me. I should have started this
1234	01:55:32 --> 01:55:36	live stream off with, please don't take these trades and trade with your real
1235	01:55:36 --> 01:55:41	money or your fund accounts. Please don't do that. And I don't want to hear
1236	01:55:41 --> 01:55:44	the feedback. I don't want to hear that. I don't want to see it, I don't want to
1237	01:55:44 --> 01:55:48	read it. It's going to piss me off, and I promise you, I will block you. I will
1238	01:55:48 --> 01:55:51	never see another comment from you. You might think that it's something I want
1239	01:55:51 --> 01:55:54	to hear I don't want to see it, I don't want to read it. You're welcome to share
1240	01:55:54 --> 01:55:57	that with everybody else, but don't tag me on it. I don't want to see it. Okay?
1241	01:55:57 --> 01:56:01	So that way we understand the dichotomy and the the relationship boundaries
1242	01:56:01 --> 01:56:07	here. So now, with that out of the way, I apologize, but I really messed that up
1243	01:56:07 --> 01:56:15	today. The low is what I'm anchoring this 20 pip range, theoretically is what
1244	01:56:15 --> 01:56:22	that means. So if I'm aiming for these relative equal highs as a first partial
1245	01:56:22 --> 01:56:27	target, Caleb, that means, what I'm saying is is, this is where I want to
1246	01:56:27 --> 01:56:32	hold my faith in seeing the price reach up to. I believe that the market could
1247	01:56:32 --> 01:56:36	reach up to, to knock out the stocks that would be trailed lower on anyone
1248	01:56:36 --> 01:56:39	that's short. And I think I kind of explained that to you, and it should
1249	01:56:39 --> 01:56:42	have been understandable, but now you can see how they did, in fact, do that
1250	01:56:42 --> 01:56:48	very thing. So the buy side here is your initial draw from where you're trying to
1251	01:56:48 --> 01:56:54	get in at with that fair value gap. Let me take this away for a second, and
1252	01:56:54 --> 01:57:01	we'll take the execution off for a second. So from this candlesticks high,
1253	01:57:01 --> 01:57:05	and that candlestick right there is low. Can you see that? That's the That's a
1254	01:57:05 --> 01:57:12	fair value gap, but it's a buy side imbalance, sell side efficiency. So if
1255	01:57:12 --> 01:57:17	we think that it's going to go up here, and we have this one single candle all
1256	01:57:17 --> 01:57:23	by itself, it's sharing no space. Or, let me say it this way. This the space
1257	01:57:23 --> 01:57:26	between this candle is high and that candles low is not being shared in any
1258	01:57:26 --> 01:57:32	other candlestick after it's formed. And then on this candlestick it came down
1259	01:57:32 --> 01:57:39	and touched this candlesticks low, which is three, three, 9.25 the next candle to
1260	01:57:39 --> 01:57:46	the to write of it is, see every single time, every single time that candlestick
1261	01:57:46 --> 01:57:51	is the same price, three, three, 9.25 so that's why I just went in at the market,
1262	01:57:51 --> 01:57:56	because it would have been my fill one tick above that, which is what, three,
1263	01:57:56 --> 01:58:02	three, 9.50 but can you see that that fair value gap is there. Were you here
1264	01:58:02 --> 01:58:06	live when I was explaining it to you? Watch it, watching it for him. As soon
1265	01:58:06 --> 01:58:09	as you see this candlestick close, the next candlestick, as soon as it opens
1266	01:58:09 --> 01:58:15	up, my mind is immediate, bang. I'm watching that. I want to see that price
1267	01:58:15 --> 01:58:21	tick. Once it books that price and offers it to me, mark it in plus one
1268	01:58:21 --> 01:58:28	tick, obviously. So if it would have dropped down into the halfway point,
1269	01:58:29 --> 01:58:33	that makes this fair value gap. If it would have went down into the halfway
1270	01:58:33 --> 01:58:36	point level, I would say, hypothetically, this is where I would
1271	01:58:36 --> 01:58:39	add. But I can't do it because I'm giving examples. To kill the practice.
1272	01:58:39 --> 01:58:44	He cannot do more than one contract. He has to do at least two to three weeks of
1273	01:58:44 --> 01:58:48	doing this. And it's not about being right, son, I don't care that you take
1274	01:58:48 --> 01:58:53	losses. It's not about that. It's about seeing it in the chart and engaging with
1275	01:58:53 --> 01:58:58	it. Because everybody's losing trades in the beginning. Everybody's going to do
1276	01:58:58 --> 01:59:00	it wrong in the beginning, but the way you learn how to do it correctly is
1277	01:59:00 --> 01:59:04	this, this is it. Now, imagine how many pages it's going to take for me to do
1278	01:59:04 --> 01:59:10	what I just did today in a book can't be done. The fucking thing would be, it
1279	01:59:10 --> 01:59:14	would be huge, and I would never be satisfied with the delivery of how I
1280	01:59:14 --> 01:59:20	would have to explain it. I can put static charts into a book. I can give
1281	01:59:20 --> 01:59:26	you the details, but it's not the same as seeing it live, watching how fucking
1282	01:59:26 --> 01:59:32	precise it is. Tell me, okay, tell me. How many times have you been into a
1283	01:59:32 --> 01:59:38	trade using anything else, and you get in and it's drawing against you, drawing
1284	01:59:38 --> 01:59:41	against you. You're going and draw down, or it's just sitting around. It won't
1285	01:59:41 --> 01:59:45	move for you. It's just sitting around saying, I don't fucking trade like that.
1286	01:59:46 --> 01:59:50	I don't I don't trade like that. I don't want to be in trades like that. I want
1287	01:59:50 --> 01:59:55	to know when the market is likely to move. It needs to move, and it needs to
1288	01:59:55 --> 02:00:01	be on the basis of fucking time, days, time. Mr. And. Listen. You are in the
1289	02:00:01 --> 02:00:08	fucking matrix, and you're listening to fucking Neo what time? What time is that
1290	02:00:08 --> 02:00:16	candle? Oh shit, that's the 1050, 1110, macro. Holy shit. What did you say about
1291	02:00:16 --> 02:00:20	them? Macros? ICT, what did you say they're gonna do? What they're gonna run
1292	02:00:20 --> 02:00:27	for? Liquidity. Oh shit. What is that? Oh shit, what is that? That's somebody
1293	02:00:27 --> 02:00:30	that knows what the fuck is going on. That's somebody that knows the future.
1294	02:00:31 --> 02:00:35	That's the one with the authority. So sit your Raven ass down. So right here
1295	02:00:35 --> 02:00:43	we have a very, very low drawdown entry. That's perfect. Perfect. Absolutely
1296	02:00:43 --> 02:00:53	perfect. Over time, what you'll do is you'll see these gaps like this, and
1297	02:00:53 --> 02:00:58	then you'll look and see if the number one candle has a wick. This is extra
1298	02:00:58 --> 02:00:59	credit and no extra charge.
1299	02:01:00 --> 02:01:04	If this candlestick. I showed this to my my private mentorship students. This
1300	02:01:04 --> 02:01:09	morning, I was woken up on NASDAQ a long, short, long. I traded the Asian
1301	02:01:09 --> 02:01:12	session with them last night. I trade the london session with them. I trade
1302	02:01:12 --> 02:01:16	the New York session with them, and I just did this one too, honey. I know it
1303	02:01:16 --> 02:01:20	just looks like it's too good to be true. I know it just looks like that.
1304	02:01:20 --> 02:01:27	But I see red when I want to see red period, this wick right here. You want
1305	02:01:27 --> 02:01:31	to see arrogance, motherfuckers. I'm showing it to you. This wick right
1306	02:01:31 --> 02:01:36	there, there to there. I'm going to take the quadrants off. I want to see
1307	02:01:36 --> 02:01:41	somebody trade like this. I want to see some my trade like this. I want to see
1308	02:01:41 --> 02:01:46	it. I want to see next to zero drawdown. I want to see precision. I want to see
1309	02:01:46 --> 02:01:51	that shit. Oh bro. Shut up. Shut up, bro. Show me your after the fact. Shit.
1310	02:01:52 --> 02:01:56	Fuck all that. We're in a different year now, if your mentors are not coming out
1311	02:01:56 --> 02:01:59	here proven, did they know the algorithm, they can do this kind of
1312	02:01:59 --> 02:02:03	shit. Fire them. Fucking fire them. They're not worth your money, and they
1313	02:02:03 --> 02:02:08	sure it's fucking worth your fucking time. This wick right there, consequent
1314	02:02:08 --> 02:02:12	encroachment. You will learn over time trusting this Caleb, but you can't trust
1315	02:02:12 --> 02:02:16	it just the first few times that you see it. It needs to be months of it. You
1316	02:02:16 --> 02:02:20	won't need to place your stop loss below the number two candles low. You can use
1317	02:02:20 --> 02:02:24	one tick below the consequence on that wick right there, because it's a gap.
1318	02:02:25 --> 02:02:30	It's two layers of gaps, and it's already likely to only trade in the
1319	02:02:30 --> 02:02:34	upper half. And if we see it trade down here like that, and run up. If you
1320	02:02:34 --> 02:02:38	started your stop loss there, you can roll it just below there. And then as
1321	02:02:38 --> 02:02:44	you leave this high, then you can place your stop loss near the lower quadrant
1322	02:02:44 --> 02:02:51	of the fair value gap. And that's, that's this, okay? Now it's this. You
1323	02:02:51 --> 02:02:55	have to always grade your inefficiencies, okay? And by grading,
1324	02:02:55 --> 02:02:58	then you're, what you're doing is you're putting the lower quadrant, upper
1325	02:02:58 --> 02:03:03	quadrant in like that. Okay, so when you're bullish, the best, perfect
1326	02:03:03 --> 02:03:08	scenario is the market only drops in to the upper half of that gap, and it
1327	02:03:08 --> 02:03:12	leaves that lower half untouched. And that's indicating that it's extremely
1328	02:03:12 --> 02:03:15	bullish. You're on side. You don't need to be afraid of getting stopped out. You
1329	02:03:15 --> 02:03:18	don't even worry about your stop loss. It's there to do its job. What you're
1330	02:03:18 --> 02:03:23	doing is you're watching price action deliver? Does it take this short term
1331	02:03:23 --> 02:03:29	high? Yeah, it runs right to it opens. Does it overtake this wick quickly? Yep,
1332	02:03:29 --> 02:03:35	where's it drawn to the liquidity I told you to? And it rallies up and it
1333	02:03:35 --> 02:03:43	consolidates. It's consolidating where? Inside liquidity, inside the proximity
1334	02:03:43 --> 02:03:48	of where these minor buy stops were. That's buy side liquidity. It's
1335	02:03:48 --> 02:03:54	accumulating what new longs descended up into the minor buy side I gave you here,
1336	02:03:54 --> 02:04:04	and they had this little move here. Now I want to take you into a 15 second
1337	02:04:04 --> 02:04:14	chart here. Have you ever seen ICT take a trade lie? You never see ICT ever take
1338	02:04:14 --> 02:04:18	a trade live. You never see him explain this stuff. These guys a fraud. He is
1339	02:04:18 --> 02:04:24	such a fraud. This guy is such a fraud. Don't, ever, ever, ever listen to ICT.
1340	02:04:24 --> 02:04:29	Ever, don't ever do that. Alright, so here is the fill, right here. Where's
1341	02:04:30 --> 02:04:35	the little tick? Yeah, there it is. If you look real close, right, right where
1342	02:04:35 --> 02:04:39	I'm showing my cursor moving around, you'll see the little carrot thing pop
1343	02:04:39 --> 02:04:46	up right there. You see that that's my actual fill. So the market opened on
1344	02:04:46 --> 02:04:49	that candlestick and went down. I'm actually going to go into a one second
1345	02:04:49 --> 02:04:53	chart, one second ready.
1346	02:04:59 --> 02:05:05	Then. You having fun today? So many people. He ain't going to trade watch.
1347	02:05:05 --> 02:05:08	He's going to get sick. He's going to get the flu. Something's going to
1348	02:05:08 --> 02:05:12	happen. He's going to get laryngitis. He's going to lose his ability to speak,
1349	02:05:12 --> 02:05:19	his internet's going to go down. Well, shit, you got all kinds of things that
1350	02:05:19 --> 02:05:23	you're going to make. Us a conjecture was, what are you gonna say now? We're
1351	02:05:23 --> 02:05:26	gonna say now, bro, all right. So what we're doing is looking at that little,
1352	02:05:26 --> 02:05:32	tiny, little candlestick right there. You see that right there? So from that
1353	02:05:32 --> 02:05:36	entry on that candlestick right at we'll just call it the high that one. Okay,
1354	02:05:36 --> 02:05:40	this is the lowest tick right there. That price is,
1355	02:05:46 --> 02:06:00	340.25 so literally point seven, five or 1.75 less than two handles draw down in
1356	02:06:00 --> 02:06:06	seconds, in literally seconds of drawdown in terms of time. And then the
1357	02:06:06 --> 02:06:13	market starts delivering on my in my favor, so that you may not need to do
1358	02:06:13 --> 02:06:18	this much information, but I always did like I wanted to see exactly how much
1359	02:06:18 --> 02:06:25	time it took for my trades, because you don't trade like this, doing what
1360	02:06:25 --> 02:06:30	everybody else does. If you're doing what everybody else does, you're never
1361	02:06:30 --> 02:06:33	going to have these kind of results. You need to be doing things that are
1362	02:06:33 --> 02:06:38	extraordinary. That means journaling, that means logging all the data. How
1363	02:06:38 --> 02:06:42	much time did it take for you to move to profit? Well, we're, we're back on a one
1364	02:06:42 --> 02:06:50	minute chart. So in this candlestick here at 1109, so inside the macro of
1365	02:06:50 --> 02:06:53	1050, to 1110, there is no algorithm, right? That's everybody's gonna say
1366	02:06:53 --> 02:06:58	there's no algorithm. You're listening to them. The candlestick here, that's
1367	02:06:58 --> 02:07:06	one minute, 234, minutes. Goes to target bang, if you're going to do the drill
1368	02:07:06 --> 02:07:09	like this, and once you get because I'm not going to do this for weeks, it's
1369	02:07:09 --> 02:07:17	just this week when you're studying Caleb to do your final Terminus. And
1370	02:07:18 --> 02:07:21	you're, in other words, you're looking for two stages of exits, you're always
1371	02:07:21 --> 02:07:26	going to look for one easy objective to reach for that's your first partial. And
1372	02:07:26 --> 02:07:30	then where's your exit and you're done for the day that would be here. So how
1373	02:07:31 --> 02:07:35	long did it take to get to that? So you enter your candles count that as one. So
1374	02:07:35 --> 02:07:47	that's one minute, 23456789, and 10 minutes. 10 minutes. So for $40 worth of
1375	02:07:47 --> 02:07:53	heat or less, we'll call it 50 bucks if it was, say you're using amp global as
1376	02:07:53 --> 02:07:58	your broker. Okay, I'm not repping them, but I have experience with them, and I
1377	02:07:58 --> 02:08:03	don't, you know, I don't do funded account companies, but they charge with
1378	02:08:03 --> 02:08:07	fees per contract. It's $10 okay? You can argue and complain about whatever
1379	02:08:07 --> 02:08:11	that is in terms of what you think is affordable or not, but that's it. Is
1380	02:08:11 --> 02:08:17	what it is. So if you factor that in, it's $50 total expense to make. What was
1381	02:08:17 --> 02:08:25	it? 600 bucks or whatever? And you can see it's a paper trading account for the
1382	02:08:27 --> 02:08:31	compliance I'm not acting as a financial advisor. You. I'm not running a signal
1383	02:08:31 --> 02:08:35	service. I'm not claiming this was done with real money, but I'm showing you
1384	02:08:35 --> 02:08:39	with live data in front of everybody. I'm sure I'll probably have a pretty
1385	02:08:39 --> 02:08:43	sizable audience today, because they all want to come out and see me fail. This
1386	02:08:43 --> 02:08:51	is done with real, live price. It's nothing Market Replay and to only have
1387	02:08:51 --> 02:09:00	$50 total cost and drawdown to make $630 one way ticket, just like that. No heat,
1388	02:09:01 --> 02:09:05	none of that shit. Show me what your mentor can do, because I've been barking
1389	02:09:05 --> 02:09:08	for years and years and years, and they're still sitting on the fucking
1390	02:09:08 --> 02:09:14	porch. So 20 handles here, 20 handles that's enough to take that trade. You
1391	02:09:14 --> 02:09:17	can afford to take that trade, Caleb, because if your target's above that,
1392	02:09:17 --> 02:09:23	that's this is a really good setup, because it's literally almost twice as
1393	02:09:23 --> 02:09:27	much that you need in terms of the range. So where you're trying to get in
1394	02:09:27 --> 02:09:33	the trade and where you're hoping to get out as your first target, it has to at
1395	02:09:33 --> 02:09:36	least have this much room, okay? And 20 handles is what's what's being shown
1396	02:09:36 --> 02:09:44	here. So numerically, it'd be 19,003 60 to 19,000 to 340 that's 20 handles,
1397	02:09:45 --> 02:09:52	okay, or 80 ticks. So I don't, I don't think I need to do anything more today,
1398	02:09:52 --> 02:09:57	but we'll be back at it tomorrow. I I'm not going to be doing them long. Like
1399	02:09:57 --> 02:10:01	these sessions are going to be rather concise. Is because I don't want people
1400	02:10:01 --> 02:10:05	getting hopped up on goofballs wanting to have trade after trade after I know
1401	02:10:05 --> 02:10:09	you're not listening to me. You're going to take a trade and you're going to get
1402	02:10:09 --> 02:10:12	hurt this week if you do, I promise you, you are going to get hurt if you do it.
1403	02:10:13 --> 02:10:20	But today, this three of bone because I just want to twist the knife. I just
1404	02:10:20 --> 02:10:23	went twisting this is a little bit, and look them in their eyes and say, What
1405	02:10:23 --> 02:10:28	was that you were saying about what? Who's going to can't do what do this?
1406	02:10:28 --> 02:10:31	Don't talk about scribbling shit on charts and talking about this and
1407	02:10:31 --> 02:10:34	talking about that. Push a fucking button. Explain why it's going to do it
1408	02:10:34 --> 02:10:39	every individual candle. Make it so tight, very little drawdown, and let it
1409	02:10:39 --> 02:10:44	work in front of everybody. I didn't just learn this, folks. I didn't just
1410	02:10:44 --> 02:10:49	discover it. I've been doing this for a long, long time, and I can do this in
1411	02:10:49 --> 02:10:53	court. I can do this on TV. I can do this every fucking day, at any time I
1412	02:10:53 --> 02:10:57	want to do. I can do I can do that. And when you learn how to do it, I can't
1413	02:10:57 --> 02:11:01	wait to watch you. I cannot wait to watch you do it, because I know there's
1414	02:11:01 --> 02:11:06	an army of you now that got your asses all fired up today. And yes, that's a
1415	02:11:06 --> 02:11:10	tiny, little, tiny, little fluctuation of a move that's all. That's very
1416	02:11:10 --> 02:11:14	little. But I guarantee you, the people that's going to talk shit or has talk
1417	02:11:14 --> 02:11:18	shit, they'll never be able to duplicate that. They'll never be able to duplicate
1418	02:11:18 --> 02:11:22	that. They'll never explain to you why it's going to happen to the very minute
1419	02:11:22 --> 02:11:26	on the base I've already taught you the macro. It's going to do these things at
1420	02:11:26 --> 02:11:31	these times, these times, because there is an algorithm, whether you want to
1421	02:11:31 --> 02:11:36	believe it or not, it is there, it is delivering price. And it doesn't matter
1422	02:11:36 --> 02:11:39	how much buying and selling is going on, it's going to price to these levels,
1423	02:11:39 --> 02:11:44	because it's scripted to do so. And yes, there will be printed orders where there
1424	02:11:44 --> 02:11:47	was handshaking between a buyer and a seller. They come together. Wonderful.
1425	02:11:47 --> 02:11:50	There's a transaction. It's booked to mark the market, but that didn't make
1426	02:11:50 --> 02:11:54	price go there. It just recorded its time when it was there at that time.
1427	02:11:54 --> 02:11:59	That's why it's called Time and Sales, motherfucker. I'll talk to you, to Omar.
1428	02:11:59 --> 02:11:59	I
1429	02:12:05 --> 02:12:07	I try this anonymous, like crazy.

ICT YT - 2024-09-16 - ICT 2024 Mentorship - Lecture 28

Navigation

Recently Modified