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2 |1 |00:01:10 ~-~-> 00:01:13 |ICT: I like big button. I cannot lie. Good morning. Good morning. Good
3 |2 |00:01:13 ~-~-> 00:01:18 |morning. How are you? Hope you're doing well, see if I can get an audio check
4 |3 |00:01:18 ~-~-> 00:01:23 |here. See if the man can be heard, let's See. Let's see.
5 |4 |00:01:36 ~-~-> 00:01:39 |Don't see my stream. Actually, I
6 |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
7 |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
8 |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
9 |8 |00:02:24 ~-~-> 00:02:32 |can be heard all right. Again. Good morning. Good morning. I don't know why
10 |9 |00:02:32 ~-~-> 00:02:35 |the volume is low. You're gonna have to turn your volume up and listen to me
11 |10 |00:02:35 ~-~-> 00:02:38 |with headphones. I'm not sure what's going on. I think YouTube's trying to
12 |11 |00:02:38 ~-~-> 00:02:43 |keep you from learning they better crank it up. They're going to make money,
13 |12 |00:02:44 ~-~-> 00:02:51 |alright? So, yeah, I'm not sure why. There's everybody saying it's low
14 |13 |00:02:51 ~-~-> 00:02:56 |volume, but I'm, I'm literally almost kissing the microphone. Let's put it
15 |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
16 |15 |00:03:04 ~-~-> 00:03:17 |looking at the NASDAQ here today, and we had our opening here, and there's a 15
17 |16 |00:03:17 ~-~-> 00:03:24 |second chart, and lower right, just trade through the new day opening gap of
18 |17 |00:03:24 ~-~-> 00:03:32 |last Friday. The overlay I'm using, I'm testing them out this one here. If you
19 |18 |00:03:32 ~-~-> 00:03:38 |create this one, you know who you are, I just want you to correct that date,
20 |19 |00:03:38 ~-~-> 00:03:43 |because it should be the next day, I mentioned this on Twitter, so that's a
21 |20 |00:03:43 ~-~-> 00:03:48 |little little distracting for me. So on the five minute chart, I have that in
22 |21 |00:03:48 ~-~-> 00:03:58 |the left hand lower corner, so we have our discount opening range gap right
23 |22 |00:03:58 ~-~-> 00:04:04 |here. Midpoint is right there, just so happens to be an old, new day opening
24 |23 |00:04:04 ~-~-> 00:04:06 |gap, low in close proximity to that. So
25 |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
26 |25 |00:04:20 ~-~-> 00:04:35 |range, gap changes back to electronic trading hours. So 470-454-7450, is where
27 |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
28 |27 |00:04:40 ~-~-> 00:04:45 |trying to have Caleb know for sure what direction to work within. First thing we
29 |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
30 |29 |00:04:50 ~-~-> 00:05:00 |respectable one this morning, and this week we'll be pushing buttons. You. It's
31 |30 |00:05:00 ~-~-> 00:05:02 |about time. Daniel's
32 |31 |00:05:07 ~-~-> 00:05:10 |getting ready to cuss me again. I still hear water bottle you're not drinking
33 |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
34 |33 |00:05:16 ~-~-> 00:05:22 |time I hear the bottle start blinking. Right? Creatures of habit have to be
35 |34 |00:05:22 ~-~-> 00:05:32 |trained, alrighty. Then now let's look at the the one minute chart here. I'm
36 |35 |00:05:32 ~-~-> 00:05:38 |waiting to see if we get a fair value gap there again, the first few minutes
37 |36 |00:05:38 ~-~-> 00:05:43 |of trading. Let them have it, let them do whatever they want to do with it,
38 |37 |00:05:44 ~-~-> 00:05:48 |whatever range they create, whatever expansion, whatever reversal, whatever
39 |38 |00:05:48 ~-~-> 00:05:53 |is going to happen, is going to happen, jumping in it, trying to, you know,
40 |39 |00:05:53 ~-~-> 00:05:59 |predict what you should be trying to do without looking at price. First, little
41 |40 |00:05:59 ~-~-> 00:06:00 |foolish.
42 |41 |00:06:05 ~-~-> 00:06:12 |Now 15 second chart, I like how the bodies have been respecting this new
43 |42 |00:06:12 ~-~-> 00:06:16 |David and gap this again, this is Fridays, so the date's going to be
44 |43 |00:06:16 ~-~-> 00:06:20 |incorrect here. I'm not trying to beat up on the person that coded it, but
45 |44 |00:06:20 ~-~-> 00:06:24 |that's just a little cosmetic thing, But for me, it's a big deal.
46 |45 |00:06:35 ~-~-> 00:06:36 |Hourly chart. I
47 |46 |00:06:45 ~-~-> 00:06:46 |this wick right here.
48 |47 |00:06:52 ~-~-> 00:06:59 |That one right there. Watch the 33 34.5 level, if we could go down there and
49 |48 |00:06:59 ~-~-> 00:07:07 |touch that, getting through that with a lot of momentum sets us up for maybe a
50 |49 |00:07:07 ~-~-> 00:07:17 |run into that Thursday and CO sign that one, yet we're just sitting still and
51 |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
52 |51 |00:07:28 ~-~-> 00:07:34 |trying to teach my son entries and how to pick the right fair value gap. I get
53 |52 |00:07:34 ~-~-> 00:07:37 |that question a lot. You know, how do you know which one is the right fair
54 |53 |00:07:37 ~-~-> 00:07:41 |value got? Well, it comes with trial and error in the beginning, and I'm going to
55 |54 |00:07:41 ~-~-> 00:07:49 |give exercises for Caleb to and hit that. There you go. So we have our
56 |55 |00:07:49 ~-~-> 00:08:01 |consequent encroachment level here, one minute chart. We have our first gap.
57 |56 |00:08:01 ~-~-> 00:08:10 |Right up in here. Real small, right there, tiny little thing. It's all it
58 |57 |00:08:10 ~-~-> 00:08:10 |takes, though.
59 |58 |00:08:16 ~-~-> 00:08:23 |So big. Give back today. There's the a medium impact news driver came out 830 I
60 |59 |00:08:23 ~-~-> 00:08:27 |could care less about the data in it. I don't worry about those those numbers.
61 |60 |00:08:27 ~-~-> 00:08:33 |I'm going to trust what the price is doing more than what the data is,
62 |61 |00:08:33 ~-~-> 00:08:38 |because the data is always fluffed if the market doesn't go where the data
63 |62 |00:08:38 ~-~-> 00:08:43 |would indicate based on everybody else's opinion of it. For instance, if the data
64 |63 |00:08:43 ~-~-> 00:08:46 |is supposed to be good for the economy or good for the market, and the market
65 |64 |00:08:46 ~-~-> 00:08:49 |goes the other way, then they'll just say, well, it was priced in, but they
66 |65 |00:08:49 ~-~-> 00:08:52 |didn't give you a report saying that I priced in, so they were always going to
67 |66 |00:08:52 ~-~-> 00:08:55 |explain it away. So just, might as well just look at price and see what's see
68 |67 |00:08:55 ~-~-> 00:09:02 |what's going to happen around the open. So far, we had a really good gap opening
69 |68 |00:09:02 ~-~-> 00:09:14 |lower go back to rate retreating hours on the five minute chart. Don't want to
70 |69 |00:09:14 ~-~-> 00:09:14 |do that,
71 |70 |00:09:22 ~-~-> 00:09:29 |buddy. I so still very large opening gap just open straight from jump, straight
72 |71 |00:09:30 ~-~-> 00:09:37 |and traded lower the sell side below here, and that wick, that red level
73 |72 |00:09:37 ~-~-> 00:09:42 |right here, that's this wick on the hourly chart, upper left hand corner
74 |73 |00:09:42 ~-~-> 00:09:48 |chart. If you're watching the price axis, you're going to be confused. Upper
75 |74 |00:09:48 ~-~-> 00:09:54 |left hand corner chart up here, it's the wick underneath my cursor right there,
76 |75 |00:09:55 ~-~-> 00:09:59 |that middle of that wick is what I highlighted and told you to watch that
77 |76 |00:09:59 ~-~-> 00:10:04 |I'm. That's the same level down here in the lower left hand corner chart. This
78 |77 |00:10:04 ~-~-> 00:10:09 |is a five minute chart. We went below the cell side here, and we're trading
79 |78 |00:10:09 ~-~-> 00:10:20 |inside of this gap that's on the 12:50pm from last Thursday. I And
80 |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
81 |80 |00:10:37 ~-~-> 00:10:47 |consequent correction of the opening range gap. So look at the one minute
82 |81 |00:10:47 ~-~-> 00:10:54 |chart, that's real, real nice right there, clean, equal highs straight down,
83 |82 |00:10:54 ~-~-> 00:10:57 |right from the opening. So you know what retail wants to do. They want to be
84 |83 |00:10:57 ~-~-> 00:11:10 |short. And we have a new day opening. Gap low here, just close to that mid
85 |84 |00:11:10 ~-~-> 00:11:10 |gap.
86 |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
87 |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,
88 |87 |00:11:27 ~-~-> 00:11:32 |but each day I'm going to teach you what you can practice with using the lower
89 |88 |00:11:32 ~-~-> 00:11:39 |time frame charts. Now, for folks that don't have sub one minute charts, it's
90 |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
91 |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
92 |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
93 |92 |00:11:54 ~-~-> 00:11:58 |several examples based on what the chart and with what the market is presenting
94 |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
95 |94 |00:12:07 ~-~-> 00:12:11 |value gap. So that way, you know in advance what I'm talking about, and
96 |95 |00:12:11 ~-~-> 00:12:16 |we'll test using ones that I don't necessarily agree with. So it gives
97 |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
98 |97 |00:12:20 ~-~-> 00:12:24 |it correctly, and how you'll be able to identify it right away, because there's
99 |98 |00:12:24 ~-~-> 00:12:28 |certain signatures that it should present to you if the fair value gap is
100 |99 |00:12:28 ~-~-> 00:12:34 |valid, these are the things I personally look for. If they don't have all of
101 |100 |00:12:34 ~-~-> 00:12:39 |them, and they have a few of them, you can still practice with it. But if you
102 |101 |00:12:39 ~-~-> 00:12:43 |get in an adverse result. Don't beat yourself up about because they're
103 |102 |00:12:43 ~-~-> 00:12:48 |drills. Drills are just practice. Their practice sessions is all they are. You
104 |103 |00:12:48 ~-~-> 00:12:52 |won't get good at entries until you practice them a lot. You will not know
105 |104 |00:12:52 ~-~-> 00:12:57 |how to buy and sell and add to the positions and pyramid unless you do
106 |105 |00:12:57 ~-~-> 00:13:03 |these very basic ideas. But we got to let the market shake out its initial
107 |106 |00:13:04 ~-~-> 00:13:10 |excitement here, then go here and start clicking some buttons. As you can see, I
108 |107 |00:13:10 ~-~-> 00:13:14 |have it set to one contract, and today I'm going to be doing just primarily the
109 |108 |00:13:14 ~-~-> 00:13:19 |discussion on the mini contract. Tomorrow I will most likely be rolled
110 |109 |00:13:19 ~-~-> 00:13:24 |over into December contracts right now. We're trading with the September
111 |110 |00:13:24 ~-~-> 00:13:30 |delivery tomorrow, if everything's as I expect it to be, I go to bar chart.com
112 |111 |00:13:31 ~-~-> 00:13:37 |I'll post a picture of it on my community. Post of my YouTube channel,
113 |112 |00:13:38 ~-~-> 00:13:42 |showing you what I'm looking at and what is the reason why I'm rolling over.
114 |113 |00:13:42 ~-~-> 00:13:47 |Okay, because if you're not familiar with it, it's probably going to be, you
115 |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
116 |115 |00:13:50 ~-~-> 00:13:55 |looks like and how I determine when I'm going to roll over. Most everybody else
117 |116 |00:13:55 ~-~-> 00:13:59 |is waiting for their favorite live streamer or the person that they like to
118 |117 |00:13:59 ~-~-> 00:14:02 |follow on social media. When they say the rollover, I'm looking for specific
119 |118 |00:14:02 ~-~-> 00:14:07 |numbers to tell me when I'm going to stop worrying about the September
120 |119 |00:14:07 ~-~-> 00:14:11 |contract, or what is considered the nearby contract, and I'm going to trade
121 |120 |00:14:11 ~-~-> 00:14:17 |the next month out, which in this case is December. And the symbol for that, if
122 |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
123 |122 |00:14:25 ~-~-> 00:14:27 |the contract delivery month code for December.
124 |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
125 |124 |00:14:39 ~-~-> 00:14:44 |low here, straight shot right from the opening bell. We have all these wicks in
126 |125 |00:14:44 ~-~-> 00:14:49 |here. And generally, even if it is inside of this city here, folks will
127 |126 |00:14:49 ~-~-> 00:14:53 |look at that and think that that's something to go short on. I like the
128 |127 |00:14:53 ~-~-> 00:14:56 |fact that it went down into that volume imbalance right here on the one minute
129 |128 |00:14:56 ~-~-> 00:14:59 |chart with this candlestick here and now, I want to see, does it want to go
130 |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
131 |130 |00:15:04 ~-~-> 00:15:10 |side there and see if we can get to mid gap, which is consequent crushing that
132 |131 |00:15:10 ~-~-> 00:15:18 |red level up here. I got a little too many lines on the chart for my liking.
133 |132 |00:15:18 ~-~-> 00:15:20 |So clean on. I
134 |133 |00:15:26 ~-~-> 00:15:28 |go back into a 15 minute chart upper left hand corner.
135 |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
136 |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
137 |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
138 |137 |00:16:06 ~-~-> 00:16:11 |see in price that would either frame a setup. For instance, if we make another
139 |138 |00:16:11 ~-~-> 00:16:14 |attempt to go lower, first of all, let's, let's do this first let's cancel
140 |139 |00:16:14 ~-~-> 00:16:19 |that out. I already outlined that I want to see it fail with this sell side and
141 |140 |00:16:19 ~-~-> 00:16:21 |balance by side. Efficiency. In other words, some of you, I'm going to
142 |141 |00:16:21 ~-~-> 00:16:23 |maximize just this chart for right now. Okay.
143 |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
144 |143 |00:16:41 ~-~-> 00:16:49 |rebalanced that out, so therefore it should sell off. Well, it can. I don't.
145 |144 |00:16:49 ~-~-> 00:16:54 |I don't personally want to see that. I would rather see this one fail. That's
146 |145 |00:16:54 ~-~-> 00:16:57 |what I'd like to see. I would like to see that one fail, meaning that, since
147 |146 |00:16:57 ~-~-> 00:17:02 |we went to the top of it here and here, if you split that inefficiency in half,
148 |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
149 |148 |00:17:12 ~-~-> 00:17:17 |to see it go back in the lower half. Okay, so right away, we're talking about
150 |149 |00:17:17 ~-~-> 00:17:21 |how to look for fair value gaps that shouldn't be viewed as a shorting
151 |150 |00:17:21 ~-~-> 00:17:25 |opportunity, because you would have been stopped or very close to being stopped
152 |151 |00:17:25 ~-~-> 00:17:30 |out already, because the rules are, whatever the fair value gap is that has
153 |152 |00:17:30 ~-~-> 00:17:35 |the imbalance candle, there's always three, okay, there's three candles that
154 |153 |00:17:35 ~-~-> 00:17:44 |make A fair value gap. Your eyes being trained. Caleb, for the most part, he
155 |154 |00:17:44 ~-~-> 00:17:49 |can see these, but they're not always jumping out at him, because especially
156 |155 |00:17:49 ~-~-> 00:17:53 |if there's multiple fair value gaps, okay, or what would be considered
157 |156 |00:17:53 ~-~-> 00:17:58 |visually representing a fair value gap, like he would look at this one and he
158 |157 |00:17:58 ~-~-> 00:18:01 |would look at this one. If there's multiple ones, it's like, which one do
159 |158 |00:18:01 ~-~-> 00:18:04 |you use? It's the same questions that all of you are leaving in my comment
160 |159 |00:18:04 ~-~-> 00:18:08 |section, the same ones that my private students, sometimes they'll ask me,
161 |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
162 |161 |00:18:12 ~-~-> 00:18:18 |covering this week. Okay, the whole week is going to be specific to that, but you
163 |162 |00:18:18 ~-~-> 00:18:21 |have to let me talk about the details. Okay, because it's not just one
164 |163 |00:18:21 ~-~-> 00:18:25 |sentence. There's going to be variations to certain things that way, when you
165 |164 |00:18:25 ~-~-> 00:18:29 |write them down, when you take screenshots, every time I draw
166 |165 |00:18:29 ~-~-> 00:18:31 |attention, like I mentioned this one here, you should already have that
167 |166 |00:18:31 ~-~-> 00:18:35 |screenshot. Let me get this other way that should be screenshotted right
168 |167 |00:18:35 ~-~-> 00:18:41 |there. Okay, so some of you saw this one right here, and maybe you did take the
169 |168 |00:18:41 ~-~-> 00:18:47 |short in here. And if you were to use the rules that a valid fair value gap
170 |169 |00:18:47 ~-~-> 00:18:53 |employees, the stop loss would be above the number two candle in the three
171 |170 |00:18:54 ~-~-> 00:19:00 |candlestick formation that makes a fair value gap. So if we look at it like
172 |171 |00:19:00 ~-~-> 00:19:01 |this, I
173 |172 |00:19:27 ~-~-> 00:19:28 |let's make it look taller and
174 |173 |00:19:46 ~-~-> 00:19:55 |one candle, two and three, if the market has moved lower, this candlestick in the
175 |174 |00:19:55 ~-~-> 00:20:02 |middle, that is your, your. Your kind of your trigger candle. That's the one
176 |175 |00:20:02 ~-~-> 00:20:09 |you're watching to see. Stay open. This is number one candle. This is number two
177 |176 |00:20:09 ~-~-> 00:20:14 |candle. Number two candle is where your stop loss is. That's your if you're
178 |177 |00:20:14 ~-~-> 00:20:18 |really trying to use the most leverage, not that that's something you should be
179 |178 |00:20:18 ~-~-> 00:20:21 |encouraged to hear. I'm not trying to encourage you to over leverage, but if
180 |179 |00:20:21 ~-~-> 00:20:24 |you're going to be using maximum using maximum leverage, you're placing your
181 |180 |00:20:24 ~-~-> 00:20:29 |stop loss right there, the conservative stop where you're not over leveraging,
182 |181 |00:20:29 ~-~-> 00:20:32 |where you're a one contract trader, and you're just not trying to push it too
183 |182 |00:20:32 ~-~-> 00:20:35 |hard, and you like to be comfortable in your trade. You don't be scared out. You
184 |183 |00:20:35 ~-~-> 00:20:38 |don't be worrying about too much of every fluctuation the number one candle
185 |184 |00:20:38 ~-~-> 00:20:42 |is where your stop loss is okay. So right away, we've already cleared the
186 |185 |00:20:42 ~-~-> 00:20:46 |air and removed all the confusion about where stop losses go and what
187 |186 |00:20:46 ~-~-> 00:20:52 |candlestick is the trigger. If the market price is down below here, and
188 |187 |00:20:52 ~-~-> 00:20:55 |you're looking for lower prices, even still lower than that, if the market
189 |188 |00:20:55 ~-~-> 00:21:09 |trades up this candlestick number three, this is your entry that that candle
190 |189 |00:21:09 ~-~-> 00:21:15 |sticks high, or one tick below it. If you're absolutely 100% certain that you
191 |190 |00:21:15 ~-~-> 00:21:20 |believe strongly that it's going to drop, I will use a one tick below that
192 |191 |00:21:20 ~-~-> 00:21:27 |candle sticks high. Now you can do something like this. Don't worry.
193 |192 |00:21:27 ~-~-> 00:21:31 |There's plenty of here that you guys for me to trade off. Just focus here. First
194 |193 |00:21:31 ~-~-> 00:21:34 |we have to lay the groundwork. You'll see me pushing buttons today. Just sits
195 |194 |00:21:34 ~-~-> 00:21:42 |your ass still the low and the high that is your consequent encroachment of this
196 |195 |00:21:42 ~-~-> 00:21:50 |hypothetical fair value guy. Okay, so this to this candlesticks high. That's
197 |196 |00:21:50 ~-~-> 00:22:00 |your sweet spot in a perfect world, if all things being perfect, this is your
198 |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
199 |198 |00:22:07 ~-~-> 00:22:11 |supplying demand, and you can put the middle finger up to everybody that tries
200 |199 |00:22:11 ~-~-> 00:22:14 |to say that, if that's what it is, because today, you're going to find out
201 |200 |00:22:14 ~-~-> 00:22:20 |what defines behind why it's not zones. We don't deal with zones. And you want
202 |201 |00:22:20 ~-~-> 00:22:24 |to screenshot that. Okay, so we've seen it go down into the lower half of this
203 |202 |00:22:25 ~-~-> 00:22:32 |city, which is a fair value gap that has a down close. It knocked out anyone that
204 |203 |00:22:32 ~-~-> 00:22:38 |went short. Traded down once more to the consequent encroachment a mohawk, which
205 |204 |00:22:38 ~-~-> 00:22:42 |is just calling outside the lines and trading up into the end all new day
206 |205 |00:22:42 ~-~-> 00:22:48 |opening gap. And this is again, Friday's New Day open gap, right here. The
207 |206 |00:22:48 ~-~-> 00:22:49 |liquidity is this.
208 |207 |00:22:59 ~-~-> 00:23:00 |That's your buy side.
209 |208 |00:23:13 ~-~-> 00:23:20 |Right there and then up here is mid gap, or consequent encouragement of the
210 |209 |00:23:20 ~-~-> 00:23:26 |opening range gap, and that's all that we need to worry about at this moment.
211 |210 |00:23:26 ~-~-> 00:23:27 |For you. Caleb, you
212 |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
213 |212 |00:23:50 ~-~-> 00:23:56 |same thing, just going lower. So we have a fair value gap there, and we have a
214 |213 |00:23:56 ~-~-> 00:24:05 |fair value gap right there. This, to me, isolates all this price action. So I
215 |214 |00:24:05 ~-~-> 00:24:10 |view this as a balanced price range. I would prefer it not to see that fill in.
216 |215 |00:24:11 ~-~-> 00:24:15 |It doesn't mean if it goes down and fills it and touches this candle sticks
217 |216 |00:24:16 ~-~-> 00:24:20 |high, or the small little volume bounce that has to be included, like you're
218 |217 |00:24:20 ~-~-> 00:24:25 |drawing this fair value gap here. You can't just use the wick to wick like
219 |218 |00:24:25 ~-~-> 00:24:30 |that. It's not valid. That's not valid. You want to use the volume imbalance
220 |219 |00:24:30 ~-~-> 00:24:39 |that's part of and inside of, okay, that's incorrect. This I'm
221 |220 |00:24:45 ~-~-> 00:24:49 |that's valid because you're you're taking consideration that the difference
222 |221 |00:24:49 ~-~-> 00:24:54 |between two bodies that they are not touching. So you have to have all the
223 |222 |00:24:54 ~-~-> 00:24:57 |way down to the previous candle, or number one candle, in this case, which
224 |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
225 |224 |00:25:03 ~-~-> 00:25:07 |come back down. It can use the top or the midpoint of that spring from that up
226 |225 |00:25:07 ~-~-> 00:25:12 |into the minor buy side, maybe, hopefully accelerate and reach into that
227 |226 |00:25:12 ~-~-> 00:25:12 |mid gap.
228 |227 |00:25:19 ~-~-> 00:25:24 |And we still got about seven minutes or so see if we can hit that mid gap.
229 |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
230 |229 |00:25:29 ~-~-> 00:25:34 |within the first 30 minutes. So back to this discussion here for fair value
231 |230 |00:25:34 ~-~-> 00:25:39 |gaps, we're not supplying demand. We don't trade in zones. So since number
232 |231 |00:25:39 ~-~-> 00:25:45 |three candle, that is your entry candle number two candle is your framing of the
233 |232 |00:25:45 ~-~-> 00:25:51 |fair Vega. What's the what's the part? That's the area where price should come
234 |233 |00:25:51 ~-~-> 00:25:56 |back and revisit it. It's the candle that has no previous candles, low
235 |234 |00:25:56 ~-~-> 00:26:02 |touching the next candle after no words. In a perfect world, this candlestick
236 |235 |00:26:02 ~-~-> 00:26:07 |should touch this candlestick and have a bridge between those two price points.
237 |236 |00:26:08 ~-~-> 00:26:13 |But as we see here, it's being shown with just one candlestick. So it's one
238 |237 |00:26:13 ~-~-> 00:26:18 |pass through or single delivery between this candlesticks low to where this
239 |238 |00:26:18 ~-~-> 00:26:24 |candle makes its high. So as soon as the next candle number four opens, you have
240 |239 |00:26:24 ~-~-> 00:26:28 |a valid reason to anticipate a return back up into that fear you got. It may
241 |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.
242 |241 |00:26:32 ~-~-> 00:26:37 |Don't, don't worry about it, because your eyesight, your eyesight, your your
243 |242 |00:26:37 ~-~-> 00:26:43 |focus, rather, should be in the mid part of the gap that is framed by this
244 |243 |00:26:43 ~-~-> 00:26:47 |candlesticks low, and this candle sticks high, and you drop a fib on it. Same
245 |244 |00:26:48 ~-~-> 00:26:51 |thing is accomplished when you put the little horizontal line on your
246 |245 |00:26:51 ~-~-> 00:26:56 |rectangles, when you drop your rectangles in, and you go to style this
247 |246 |00:26:56 ~-~-> 00:26:59 |midline is basically going to give you the same thing that you get when you put
248 |247 |00:26:59 ~-~-> 00:27:04 |a Fibonacci on it and had the 50% level. It's consequent encroachment. It's the
249 |248 |00:27:04 ~-~-> 00:27:11 |midpoint. If we're bearish, the ideal, optimal entries are going to be formed
250 |249 |00:27:11 ~-~-> 00:27:16 |at the lower half. Why? Because you want to see that upper half, this level up to
251 |250 |00:27:16 ~-~-> 00:27:21 |this candle, sticks low, stay open. You want that to remain open, because if it
252 |251 |00:27:21 ~-~-> 00:27:26 |does, that means you have a very strong probability that you're right and you're
253 |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
254 |253 |00:27:32 ~-~-> 00:27:36 |signatures that the algorithm signals to you that that's what it's trying to do.
255 |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
256 |255 |00:27:40 ~-~-> 00:27:46 |going to smoke that minor buy side? You're already grinning, aren't you the
257 |256 |00:27:46 ~-~-> 00:27:53 |good man? This guy's literally teaching what the future holds. Not for
258 |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
259 |258 |00:27:57 ~-~-> 00:28:01 |do the work. But why? We are not treating in zones. Okay, well, this
260 |259 |00:28:01 ~-~-> 00:28:07 |looks like a zone. ICT, you're shading this area here. There are specific price
261 |260 |00:28:07 ~-~-> 00:28:14 |levels this low that candle number one to candle number three is high. That's
262 |261 |00:28:14 ~-~-> 00:28:17 |what I have a Fibonacci on hypothetically, because these are just
263 |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
264 |263 |00:28:22 ~-~-> 00:28:25 |the actual fair value gaps in price. But this is the stuff that you write down
265 |264 |00:28:25 ~-~-> 00:28:28 |and you draw this out in your notebook. Okay, you're welcome. You might get out
266 |265 |00:28:28 ~-~-> 00:28:32 |of the way. You're welcome to take that screenshot like that and then scribble
267 |266 |00:28:32 ~-~-> 00:28:36 |all of your notes around that. But what you're looking for is, I, personally,
268 |267 |00:28:36 ~-~-> 00:28:41 |this is my favorite way of doing it, because if you look at my charts when
269 |268 |00:28:41 ~-~-> 00:28:46 |I'm doing executions, you might see where I'm just a little bit ahead of a
270 |269 |00:28:46 ~-~-> 00:28:50 |fair value gap, or I'm just a little bit ahead of a bearish order block, because
271 |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
272 |271 |00:28:54 ~-~-> 00:28:58 |trying to trade in markets that are very heavy when I'm bearish or very, very
273 |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
274 |273 |00:29:03 ~-~-> 00:29:07 |get filled. I don't like missing my entries. I don't I'm not worried about
275 |274 |00:29:07 ~-~-> 00:29:11 |missing the trade. That is, I have 81 ways to get into that same trade. But
276 |275 |00:29:11 ~-~-> 00:29:16 |the thing is that you are not learning how to trade a zone. There's very
277 |276 |00:29:16 ~-~-> 00:29:20 |specific price levels, and what are they? Are this? It's the high of candle
278 |277 |00:29:20 ~-~-> 00:29:24 |number three, when you're trading a bearish fair value gap, look at that buy
279 |278 |00:29:24 ~-~-> 00:29:30 |side. Look at that. Who doesn't like this? Patrick. Patrick, you watching
280 |279 |00:29:30 ~-~-> 00:29:36 |take notes. Brother. So that price right there, if it trades up into that, you
281 |280 |00:29:36 ~-~-> 00:29:41 |can be short. I would be short. One tick below this candle sticks high, and then
282 |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
283 |282 |00:29:46 ~-~-> 00:29:49 |you think I'm adding there? That's the four contracts. So I'm going to enter
284 |283 |00:29:49 ~-~-> 00:29:53 |short I'm not saying this is, let me slow down real quick, but I'm just
285 |284 |00:29:53 ~-~-> 00:29:59 |teaching you by theory, what you watch me do all the time in my examples. Okay,
286 |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,
287 |286 |00:30:05 ~-~-> 00:30:10 |and it's something that you're going to be able to do if you practice this.
288 |287 |00:30:11 ~-~-> 00:30:19 |Okay. Entry six contracts at candle number three is high, less one tick, if
289 |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
290 |289 |00:30:24 ~-~-> 00:30:31 |high as it's happening, I'm going short rate the market, and then I'm watching
291 |290 |00:30:31 ~-~-> 00:30:36 |price. I want to see price kiss that lower quadrant level that makes that
292 |291 |00:30:36 ~-~-> 00:30:43 |fair value gaps range. Okay, I'm going to add four more there, and then
293 |292 |00:30:43 ~-~-> 00:30:48 |whatever I feel comfortable with if I get another opportunity to short that'll
294 |293 |00:30:48 ~-~-> 00:30:54 |happen if it touches consequent encouragement, if, if, and it doesn't
295 |294 |00:30:54 ~-~-> 00:30:58 |always happen if it trades up in The upper half. In other words, it does
296 |295 |00:30:58 ~-~-> 00:30:59 |this, I'm
297 |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
298 |297 |00:31:09 ~-~-> 00:31:15 |sorry, premium, I'm trying to sell at extremely high price. Then what I'm
299 |298 |00:31:15 ~-~-> 00:31:21 |going to do is I'm going to toss in like, two contracts, two more contracts,
300 |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
301 |300 |00:31:26 ~-~-> 00:31:31 |the body staying inside of this candle sticks low. Number one candles low, I
302 |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
303 |302 |00:31:36 ~-~-> 00:31:39 |loss is going to be resting one tick above this candle sticks high. It's
304 |303 |00:31:40 ~-~-> 00:31:44 |going to take a real move to disrupt that, and I already know, as I proved
305 |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
306 |305 |00:31:48 ~-~-> 00:31:52 |one was not a good one. So settle down. You're screaming at the monitor, dude,
307 |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
308 |307 |00:31:57 ~-~-> 00:32:02 |the purchase price of coming here today, no refunds. So we have this level here
309 |308 |00:32:02 ~-~-> 00:32:06 |that we allow for the wicks to form through it, but we don't want to ever
310 |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
311 |310 |00:32:11 ~-~-> 00:32:16 |I'm internalizing what I'm expecting when price is trading up into the fair
312 |311 |00:32:16 ~-~-> 00:32:21 |value gap. My entry price point is specific. It's not how do I get in this
313 |312 |00:32:21 ~-~-> 00:32:26 |zone? How do I trade this zone? That's bullshit. We have to know what levels
314 |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
315 |314 |00:32:30 ~-~-> 00:32:34 |giving me a real high premium price. What price level am I going to aim for
316 |315 |00:32:34 ~-~-> 00:32:40 |there, the upper quadrant level. Now tell me how's that for logic. It's not
317 |316 |00:32:40 ~-~-> 00:32:44 |ambiguous. It's not Milli Vanilli. Okay, you don't know what you're getting. I
318 |317 |00:32:44 ~-~-> 00:32:49 |know exactly what I'm looking for. I know exactly what price I'm aiming for,
319 |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
320 |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
321 |320 |00:32:58 ~-~-> 00:33:02 |get hit, because if it hits it, then that's wonderful that I just paid a
322 |321 |00:33:02 ~-~-> 00:33:08 |premium for information I got new Intel. That means I'm probably looking at an
323 |322 |00:33:08 ~-~-> 00:33:14 |inversion fair value gap, and I can mitigate that loss very easily. Oh my
324 |323 |00:33:14 ~-~-> 00:33:17 |goodness, yes. And you're worried about losing. Why are you worried about
325 |324 |00:33:17 ~-~-> 00:33:22 |losing? Losing? Just is you paying a premium for more information. You're
326 |325 |00:33:22 ~-~-> 00:33:26 |getting close. You're getting a better view of price its next move. You're
327 |326 |00:33:26 ~-~-> 00:33:30 |getting VIP seating. But you have to pay extra for that, don't you? That's all
328 |327 |00:33:30 ~-~-> 00:33:33 |this is when you take a loss, that's what you're getting. You're getting VIP
329 |328 |00:33:33 ~-~-> 00:33:40 |treatment for the next price run. Now if you get stopped out with retail logic,
330 |329 |00:33:40 ~-~-> 00:33:45 |you're scared. You have no idea what's going on. It's terrifying. You freeze
331 |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
332 |331 |00:33:50 ~-~-> 00:33:53 |button, hoping something happens. And at some point, you don't even care if you
333 |332 |00:33:53 ~-~-> 00:33:58 |are making money when you get like that. So to avoid all those things, you have
334 |333 |00:33:58 ~-~-> 00:34:01 |to have a logic in mind, how you're going to look for the pattern, if the
335 |334 |00:34:01 ~-~-> 00:34:05 |pattern is the fair value gap for you, which is, I'm pushing that on my son
336 |335 |00:34:06 ~-~-> 00:34:11 |like I'm almost basically making him only trade with this one. Because
337 |336 |00:34:11 ~-~-> 00:34:14 |everything I'm teaching today, this week, and then this entire 2024
338 |337 |00:34:15 ~-~-> 00:34:21 |mentorship is a foundation for him. He will have the ability to migrate away
339 |338 |00:34:21 ~-~-> 00:34:25 |from the fair value gap if he doesn't want to use it, if he finds something
340 |339 |00:34:25 ~-~-> 00:34:31 |else better. But visually, as a teaching aid, the fair value gap is good. Okay,
341 |340 |00:34:32 ~-~-> 00:34:39 |the first presentation fair value gap right there. That's, let's highlight
342 |341 |00:34:39 ~-~-> 00:34:44 |that every single time I annotate the chart, I gotta start looking at the time
343 |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
344 |343 |00:34:49 ~-~-> 00:34:54 |minute, I gotta wait for that to happen. Every single time I annotate the chart
345 |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
346 |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
347 |346 |00:35:03 ~-~-> 00:35:14 |angry later when I see what chart looks like. I want to get that mid, mid line
348 |347 |00:35:14 ~-~-> 00:35:20 |off. It's not but I'm over here. Okay, so here's first presentation, fair Vega,
349 |348 |00:35:21 ~-~-> 00:35:27 |so now we know the prices. We know how we're going to build in pyramided
350 |349 |00:35:27 ~-~-> 00:35:32 |positions. If I'm not saying you should do this, if you're first time trying to
351 |350 |00:35:32 ~-~-> 00:35:36 |learn how to do this, do not try to pyramid. Please. Don't try to build big,
352 |351 |00:35:36 ~-~-> 00:35:41 |big, big positions. Just try to trade one contract and use the easiest, low
353 |352 |00:35:41 ~-~-> 00:35:45 |hanging fruit objective entry. That's this one down here on candle number
354 |353 |00:35:45 ~-~-> 00:35:52 |three. It's high minus one tick. Okay, you're going to practice with that.
355 |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
356 |355 |00:35:57 ~-~-> 00:36:02 |it. What this does? It helps you with your anticipatory price reading skills.
357 |356 |00:36:03 ~-~-> 00:36:08 |It's better and it's more efficient and professional to use limit orders. I'm
358 |357 |00:36:08 ~-~-> 00:36:11 |not trying to discourage you. In fact, that's where you should be going with
359 |358 |00:36:11 ~-~-> 00:36:17 |this, but it helps you understand how to time the market and how to read it with
360 |359 |00:36:17 ~-~-> 00:36:23 |your marketing in when you start trading with your real money, should you ever
361 |360 |00:36:23 ~-~-> 00:36:27 |decide to do that? The only time you should be really doing market orders is
362 |361 |00:36:27 ~-~-> 00:36:32 |just to get out of something that you need to protect your money with. Okay, I
363 |362 |00:36:32 ~-~-> 00:36:38 |I'm a strong believer that your exits should be on limits and your entries
364 |363 |00:36:38 ~-~-> 00:36:44 |should be on limits or on on rare occasions buying on a stop or selling on
365 |364 |00:36:44 ~-~-> 00:36:49 |a stop, and as an entry mechanism into it, you see what that was there. It was
366 |365 |00:36:49 ~-~-> 00:36:52 |a stop hunt below that short term low, the wick went all the way down. Look
367 |366 |00:36:52 ~-~-> 00:36:58 |where the body stopped above first percent of fair value gap mid gap still
368 |367 |00:36:58 ~-~-> 00:37:08 |is on table. So low hanging fruit entry pricing for a one contract, micro,
369 |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
370 |369 |00:37:16 ~-~-> 00:37:23 |per handle or point. For the ES, if you're trading that one or $2 per handle
371 |370 |00:37:23 ~-~-> 00:37:29 |or point for the NASDAQ, a mini is $20 per handle. So there's the difference.
372 |371 |00:37:29 ~-~-> 00:37:38 |Okay, when you're learning Caleb, you're going to be executing on the micro. It's
373 |372 |00:37:38 ~-~-> 00:37:42 |not about the money, it's about the the process of simply following the rules
374 |373 |00:37:42 ~-~-> 00:37:47 |and desensitizing yourself. It does not take long for everyone else that's
375 |374 |00:37:47 ~-~-> 00:37:51 |listening. You're all thinking, I want to go into the mini I need to trade five
376 |375 |00:37:51 ~-~-> 00:37:56 |contracts on my funded account. Don't, don't do that because you're not
377 |376 |00:37:56 ~-~-> 00:38:01 |equipping yourself to trust what it is that you'll eventually live by it'll be
378 |377 |00:38:01 ~-~-> 00:38:06 |it's a very boring process. But if you make it exciting or terrifying, because
379 |378 |00:38:06 ~-~-> 00:38:09 |it's going to be either or when you when you're trading with the monetized
380 |379 |00:38:09 ~-~-> 00:38:14 |result, you're not going to learn correctly. You're not going to learn.
381 |380 |00:38:15 ~-~-> 00:38:19 |You're going to learn to be fearful of the outcome, because you're dealing it
382 |381 |00:38:19 ~-~-> 00:38:23 |with a monetized reward or punishment at the end of it, versus you're only going
383 |382 |00:38:23 ~-~-> 00:38:30 |to be tape reading, and you're only going to be doing what, one single micro
384 |383 |00:38:30 ~-~-> 00:38:34 |contract in a demo, that's it, and you're going to do that for a little
385 |384 |00:38:34 ~-~-> 00:38:39 |while until you get bored with it. There is no time limit, but it should be at
386 |385 |00:38:39 ~-~-> 00:38:43 |least a month, and right away, I've already lost most of you, because you
387 |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
388 |387 |00:38:47 ~-~-> 00:38:54 |you do it. Okay? You You have plenty of data to support it, you have plenty of
389 |388 |00:38:54 ~-~-> 00:38:59 |opportunity to practice with it, and you need to desensitize yourself to the
390 |389 |00:38:59 ~-~-> 00:39:04 |outcome by simply doing it every single opportunity you can in the charts live.
391 |390 |00:39:05 ~-~-> 00:39:09 |And by doing that, it strips away all the fear and it takes away the rush I
392 |391 |00:39:09 ~-~-> 00:39:12 |gotta do. I gotta do it right now make money, because once you know what you're
393 |392 |00:39:12 ~-~-> 00:39:16 |doing and what you're looking for, you're gonna find that they're always
394 |393 |00:39:16 ~-~-> 00:39:20 |there every single day, and you're there's no reason for you to feel like I
395 |394 |00:39:20 ~-~-> 00:39:24 |gotta be trading today. I gotta get online right now. I can't miss trading
396 |395 |00:39:24 ~-~-> 00:39:28 |today, or if something happens and it prevented you from getting in front of
397 |396 |00:39:28 ~-~-> 00:39:34 |the charts. Caleb, you don't have this impulse that you know, of feeling regret
398 |397 |00:39:34 ~-~-> 00:39:40 |or just not being able to keep up with everybody else, which is something
399 |398 |00:39:40 ~-~-> 00:39:43 |that's synonymous in my group, where new students come in, they like to gotta
400 |399 |00:39:43 ~-~-> 00:39:47 |catch up, right? I gotta keep up with everybody else. No, you don't. So I'm
401 |400 |00:39:47 ~-~-> 00:39:50 |gonna show you the reverse real quick, and then we'll get into what you're here
402 |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
403 |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
404 |403 |00:40:13 ~-~-> 00:40:20 |about that. ICT. We know about that, bro, I said this would be accomplished
405 |404 |00:40:20 ~-~-> 00:40:27 |by taking candlestick number ones high, the candlestick number three is low, and
406 |405 |00:40:27 ~-~-> 00:40:35 |then this would be on candle Number three's low as the buy and change that
407 |406 |00:40:35 ~-~-> 00:40:44 |to blue, alrighty. So same idea, just just in reverse, when you're expecting
408 |407 |00:40:44 ~-~-> 00:40:49 |the market to go up some higher price, okay, and you're watching price deliver,
409 |408 |00:40:49 ~-~-> 00:40:54 |and you see three candles. One candles moved in, delivered price. The second
410 |409 |00:40:54 ~-~-> 00:41:01 |one delivers price higher. That's key. Okay? Then third candlestick trades
411 |410 |00:41:01 ~-~-> 00:41:05 |higher than number two's candle, but Number three's candles low does not
412 |411 |00:41:05 ~-~-> 00:41:12 |touch or overlap with candlestick number one's high. That candlestick number two
413 |412 |00:41:12 ~-~-> 00:41:16 |in the middle, that is your trigger candle. That is your fair value guy. If
414 |413 |00:41:16 ~-~-> 00:41:20 |you're long or looking to go long, in that instance, you're going to use this
415 |414 |00:41:20 ~-~-> 00:41:29 |candlestick. Number threes low plus one tick. That's my entry. That's how ICT
416 |415 |00:41:29 ~-~-> 00:41:34 |enters it, if I am watching it, and it trades down and it gets into the upper
417 |416 |00:41:34 ~-~-> 00:41:39 |quadrant level here, then I will add more. Again. This is just for
418 |417 |00:41:39 ~-~-> 00:41:42 |completeness sake. I'm not trying to encourage any of you to build positions
419 |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
420 |419 |00:41:46 ~-~-> 00:41:52 |doing that. So by having the the market trade down to the upper quadrant and as
421 |420 |00:41:52 ~-~-> 00:41:57 |low as the midpoint or consequent encroachment of this gap that separates
422 |421 |00:41:57 ~-~-> 00:42:01 |candlestick number one to candlestick number two, this whole pattern here is
423 |422 |00:42:01 ~-~-> 00:42:06 |this right here. This is candlestick number one, candlestick number two in
424 |423 |00:42:06 ~-~-> 00:42:10 |the middle that's shaded with the blue box around it. And this is candlestick
425 |424 |00:42:10 ~-~-> 00:42:15 |number three. This one. Okay, so in in a full diagram, that candlestick right
426 |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
427 |426 |00:42:26 ~-~-> 00:42:31 |make a little bit taller so we can see it. I already, in some people's eyes,
428 |427 |00:42:31 ~-~-> 00:42:38 |talk too much, but I promise you, I've already taught you exactly what most of
429 |428 |00:42:38 ~-~-> 00:42:42 |you been wanting to know about, how to trade fair value gaps and where to place
430 |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
431 |430 |00:42:46 ~-~-> 00:42:50 |jokers that want to find something to talk about. So because we're using the
432 |431 |00:42:50 ~-~-> 00:42:55 |volume and bounce here, that's how you would draw down to here, where I'm using
433 |432 |00:42:55 ~-~-> 00:42:59 |the high here, if there is a volume imbalance, which is a separation between
434 |433 |00:42:59 ~-~-> 00:43:05 |the previous candle body and the next candle that makes the fair value gap,
435 |434 |00:43:05 ~-~-> 00:43:09 |that little separation always include that you'll have better you'll have
436 |435 |00:43:09 ~-~-> 00:43:15 |better determination of the consequent encroachment level, which is important,
437 |436 |00:43:15 ~-~-> 00:43:19 |like that's that's your most important level, because what you're watching for
438 |437 |00:43:19 ~-~-> 00:43:24 |is You want to see the opposite of what I said earlier, when we were looking at
439 |438 |00:43:24 ~-~-> 00:43:27 |the cell or shorting opportunity for a fair value gap. We want to see the
440 |439 |00:43:27 ~-~-> 00:43:31 |constant encroachment in the lower portion traded to and that's your best
441 |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
442 |441 |00:43:35 ~-~-> 00:43:38 |means it's really, really bearish. What do you think is going to happen on the
443 |442 |00:43:38 ~-~-> 00:43:42 |times when you're bullish? The ideal entries are going to form in the
444 |443 |00:43:42 ~-~-> 00:43:50 |midpoint of the gap to number three candles low. And you want to see that
445 |444 |00:43:50 ~-~-> 00:43:55 |lower half stay open, not traded to it can whip down in there. If it does trade
446 |445 |00:43:55 ~-~-> 00:43:59 |to the midpoint, I'm going to add more. If it trades down to the lower quadrant,
447 |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
448 |447 |00:44:02 ~-~-> 00:44:07 |more. I'm going to keep adding to that, because my stop loss is going to be
449 |448 |00:44:07 ~-~-> 00:44:15 |below candlestick number twos low. Now apply that same logic over here. We did
450 |449 |00:44:15 ~-~-> 00:44:19 |all this live. Mind you, this number two candlestick, that's the favorite value
451 |450 |00:44:19 ~-~-> 00:44:23 |got. The market drops down to this candlesticks, price plus one tick, you
452 |451 |00:44:23 ~-~-> 00:44:27 |would have been filled right there. The heat on that trade is your fill would
453 |452 |00:44:27 ~-~-> 00:44:31 |have been approximately 404 and three, what is called 405 so you got slipped.
454 |453 |00:44:31 ~-~-> 00:44:35 |Okay? Something happened. You got in there. You didn't do it exactly right,
455 |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
456 |455 |00:44:42 ~-~-> 00:44:46 |what happens every single time I go to a candlestick, it jumps all right. Sid,
457 |456 |00:44:46 ~-~-> 00:44:53 |the low of this candlestick, right there, comes in at four. Oh, 1.75 so
458 |457 |00:44:53 ~-~-> 00:45:03 |that's 3.75 handles, drawdown. So three. 80 times 20 is 60. Just call it less
459 |458 |00:45:03 ~-~-> 00:45:09 |than, like 70 bucks. 70 bucks. Heat, if you're trading with one mini, that's how
460 |459 |00:45:09 ~-~-> 00:45:15 |much drawdown you absorbed before it turned around. So I got in your favor,
461 |460 |00:45:15 ~-~-> 00:45:19 |and it went just short of what price level? That's that upper quadrant level,
462 |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
463 |462 |00:45:28 ~-~-> 00:45:33 |is no zones. Okay, it's very specific prices. We're looking for very, very
464 |463 |00:45:33 ~-~-> 00:45:37 |specific things in price, because if there is an algorithm for people that
465 |464 |00:45:37 ~-~-> 00:45:41 |don't believe there is, then it would be repeating the same phenomenon and
466 |465 |00:45:41 ~-~-> 00:45:45 |respecting very specific levels that we can predetermine as favorable or
467 |466 |00:45:45 ~-~-> 00:45:50 |unfavorable, right? Did it leave the lower half of that gap open? Yes, it
468 |467 |00:45:50 ~-~-> 00:45:54 |did. It didn't even touch the middle the consequent pressure level. So what does
469 |468 |00:45:54 ~-~-> 00:45:57 |that mean? It's bullish. So that means you can trust that once it gets into
470 |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
471 |470 |00:46:01 ~-~-> 00:46:09 |accumulate, it's going to roll higher. Cleared the minor buy side I gave you
472 |471 |00:46:09 ~-~-> 00:46:13 |there, and now it's accumulating again. We're sitting inside of a pool of
473 |472 |00:46:13 ~-~-> 00:46:21 |liquidity here after taking this Judah swing ride, lower. Consequent
474 |473 |00:46:21 ~-~-> 00:46:29 |encroachment. We've missed the 70% uh rule hitting it in the first 30 minutes.
475 |474 |00:46:29 ~-~-> 00:46:33 |It doesn't mean just throw it out the window. It just means that it's most
476 |475 |00:46:33 ~-~-> 00:46:42 |likely 70% of the time after 930 opening bell, if there's a large gap. Middle
477 |476 |00:46:42 ~-~-> 00:46:47 |that gap, whatever that width of the gap is, from previous days settlement to the
478 |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
479 |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
480 |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
481 |480 |00:47:02 ~-~-> 00:47:08 |eventually it gets hit. So you just gotta relax and just submit to the idea
482 |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
483 |482 |00:47:13 ~-~-> 00:47:18 |time accumulating around the first presented fair value gap, look at the
484 |483 |00:47:18 ~-~-> 00:47:24 |bodies we whipped down through. But look at the bodies you're showing you. It's
485 |484 |00:47:24 ~-~-> 00:47:29 |respecting it, right? So if we can manage to get above mid gap, I'd like to
486 |485 |00:47:29 ~-~-> 00:47:33 |see it accelerate move higher, not just I don't want to see it do this, like
487 |486 |00:47:33 ~-~-> 00:47:36 |wick above it and come and come back down. That's I'm not interested in
488 |487 |00:47:36 ~-~-> 00:47:40 |something like that. I would rather see it trade up above it and start building
489 |488 |00:47:40 ~-~-> 00:47:44 |things like the fair value gap here, the gap in here, we went down and worked the
490 |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
491 |490 |00:47:48 ~-~-> 00:47:51 |wasn't going to provide a sell off. And anybody else out there that thinks they
492 |491 |00:47:51 ~-~-> 00:47:55 |understand imbalances and stuff they may have looked at that said, Yes, you know,
493 |492 |00:47:55 ~-~-> 00:48:00 |this is a short it's not even though you were looking at probably all these wicks
494 |493 |00:48:00 ~-~-> 00:48:04 |in here. And he called these dojis. Steve Nielsen's class of students would
495 |494 |00:48:04 ~-~-> 00:48:08 |have been looking at that and saying, Yeah, see, it's it's rejecting that. No,
496 |495 |00:48:08 ~-~-> 00:48:11 |it's not. It's accumulating. It's accumulating. I'll show you in a second.
497 |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
498 |497 |00:48:20 ~-~-> 00:48:27 |rid of this diagram. The entries I my entry for a bullish fair value gap is
499 |498 |00:48:27 ~-~-> 00:48:34 |I'm one tick. Entry, entry, one tick entering above number three candles low.
500 |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
501 |500 |00:48:39 ~-~-> 00:48:44 |doing something, you know, I my wife gets my attention. My dogs got out like
502 |501 |00:48:44 ~-~-> 00:48:47 |this morning. I had to make sure my wife could get scout in because she's a
503 |502 |00:48:47 ~-~-> 00:48:53 |little unruly. She's like the brat, the something keeps me from getting in. The
504 |503 |00:48:53 ~-~-> 00:48:56 |trait at that very moment, I would rather have gotten into it. If I was
505 |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
506 |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
507 |506 |00:49:04 ~-~-> 00:49:07 |marketing it. I need to be in there because that's what I'm looking for.
508 |507 |00:49:07 ~-~-> 00:49:12 |Now, that might sound like, Oh, you're rushing to get money. No, I'm rushing to
509 |508 |00:49:12 ~-~-> 00:49:16 |get in something I already would have been in. It's not like I'm chasing where
510 |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
511 |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
512 |511 |00:49:26 ~-~-> 00:49:29 |wonderful opportunity of getting it at a deeper discount. So I'm going to go and
513 |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
514 |513 |00:49:33 ~-~-> 00:49:37 |touches the consequent encroachment, I'll buy that too. Anything less than
515 |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,
516 |515 |00:49:43 ~-~-> 00:49:48 |because I don't want to build it bigger, because down here in the lower half, I
517 |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
518 |517 |00:49:52 ~-~-> 00:49:57 |scenario is when price is up here and you expect it to drop down, because you
519 |518 |00:49:57 ~-~-> 00:50:02 |think it's going to go up into a longer, higher Time Frame target. I just use
520 |519 |00:50:02 ~-~-> 00:50:07 |this example right here, because this is exactly what we're diagramming there in
521 |520 |00:50:07 ~-~-> 00:50:09 |that little hand drawn version of it.
522 |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
523 |522 |00:50:23 ~-~-> 00:50:29 |to draw a red button, snap to the the magnet. Draws a little drawing things
524 |523 |00:50:29 ~-~-> 00:50:36 |make some jump to it. There we are. So in an ideal scenario, this is what this
525 |524 |00:50:36 ~-~-> 00:50:40 |is, candlestick number one. Is this candlestick? Right here? That's
526 |525 |00:50:40 ~-~-> 00:50:46 |candlestick number one, right there a green candle. Candlestick number two,
527 |526 |00:50:46 ~-~-> 00:50:50 |which is the fair value gap candle, that's this one. And candlestick number
528 |527 |00:50:50 ~-~-> 00:50:57 |three, over here, that's this one. So that candlestick low plus one tick. In
529 |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
530 |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
531 |530 |00:51:08 ~-~-> 00:51:13 |gonna have a little bit of drawdown in this, because my belief is I'm not gonna
532 |531 |00:51:13 ~-~-> 00:51:18 |see, likely, any movement into the lower half of that fair value guy. See what
533 |532 |00:51:18 ~-~-> 00:51:22 |I'm saying. Like Chris Lori doesn't teach this, and everybody thinks that
534 |533 |00:51:22 ~-~-> 00:51:25 |I'm rebranding that stuff. I made a facetious comment on Twitter this
535 |534 |00:51:25 ~-~-> 00:51:29 |morning. I said I just brushed up on some trading books and I got some new
536 |535 |00:51:29 ~-~-> 00:51:34 |things I can rename. And that was sarcasm, clearly, okay, but people have
537 |536 |00:51:34 ~-~-> 00:51:38 |common sense, but there's nothing being repackaged here. There's no school
538 |537 |00:51:38 ~-~-> 00:51:41 |thought out there that tells you to look at candlesticks like I'm teaching you
539 |538 |00:51:41 ~-~-> 00:51:45 |and expect them to stay open. That's never been a thing in any anybody's
540 |539 |00:51:45 ~-~-> 00:51:48 |discipline. It's never been there, but I'm telling you, that's what the
541 |540 |00:51:48 ~-~-> 00:51:52 |algorithm does. There's a thing that goes on behind the scenes that I'm not
542 |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
543 |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
544 |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,
545 |544 |00:52:03 ~-~-> 00:52:06 |so I can't teach a concept that shows you every instance of it. But do you
546 |545 |00:52:06 ~-~-> 00:52:11 |need anything more? If this is all you ever learned how to do, you are already
547 |546 |00:52:11 ~-~-> 00:52:16 |light years ahead of everybody else out there, everybody out everybody put
548 |547 |00:52:16 ~-~-> 00:52:19 |anybody else's name in there. You're already beating their ass in terms of
549 |548 |00:52:19 ~-~-> 00:52:22 |precision. Knowing what to look for. You're not freaking out. You know where
550 |549 |00:52:22 ~-~-> 00:52:26 |to place your stop loss. 90% of these mentors out there don't even use a stop
551 |550 |00:52:26 ~-~-> 00:52:29 |loss. They only know what they're using. They have to use a stop they're scared
552 |551 |00:52:29 ~-~-> 00:52:33 |to death of it getting hit. I'm not afraid of that. You're not learning how
553 |552 |00:52:33 ~-~-> 00:52:36 |to be afraid of that. Caleb, you're not afraid of getting stopped out because I
554 |553 |00:52:36 ~-~-> 00:52:38 |just told you in this lecture too. Because if you get stopped out with a
555 |554 |00:52:38 ~-~-> 00:52:42 |fair value gap, it tells you you're probably watching the formation of an
556 |555 |00:52:42 ~-~-> 00:52:45 |inversion, fairy value and an inversion fair pay gap is just going the other
557 |556 |00:52:45 ~-~-> 00:52:50 |direction, and you can trade with half the size you took a loss on and make
558 |557 |00:52:50 ~-~-> 00:52:55 |that back and more and not even worry about it. You're not even worried. Why
559 |558 |00:52:55 ~-~-> 00:52:59 |are you all fearful? You're trying to avoid losing. You don't need to feed.
560 |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
561 |560 |00:53:06 ~-~-> 00:53:11 |get that entry, if you, I don't know, you're scared, you're just now
562 |561 |00:53:11 ~-~-> 00:53:14 |practicing for the first time. Okay, and you see it touch the upper quadrant,
563 |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
564 |563 |00:53:19 ~-~-> 00:53:25 |when price is dropping into this level, in this halfway point of the gap that
565 |564 |00:53:25 ~-~-> 00:53:29 |measures number one candles, high number candle, number number three candles, low
566 |565 |00:53:30 ~-~-> 00:53:35 |that range, half of that everything from this price point, the midpoint, which
567 |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
568 |567 |00:53:43 ~-~-> 00:53:49 |in that range is fair game to be a buyer. But not just any old, any old
569 |568 |00:53:49 ~-~-> 00:53:55 |price. Look at the quadrants when you're grading an inefficiency, or you grade a
570 |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
571 |570 |00:53:59 ~-~-> 00:54:02 |you. It's not just little words ambiguously, any level is going to
572 |571 |00:54:02 ~-~-> 00:54:05 |eventually is going to eventually get hit. That's the, that's the assholes
573 |572 |00:54:05 ~-~-> 00:54:07 |version of what I'm doing. They'll they'll say he has an excuse for
574 |573 |00:54:07 ~-~-> 00:54:12 |anything. No, I have a science behind what I'm doing. I know exactly what I'm
575 |574 |00:54:12 ~-~-> 00:54:17 |doing. I'm not winging it. Everything holds up, and I never I'm never changing
576 |575 |00:54:17 ~-~-> 00:54:21 |the logic. I'm actually bringing you more depth and more precision elements
577 |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
578 |577 |00:54:27 ~-~-> 00:54:31 |that upper half of that fear of a gap. Because we want to see this portion in
579 |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
580 |579 |00:54:42 ~-~-> 00:54:51 |arrogant. You want to see this right here? And then I gotta take that, that
581 |580 |00:54:51 ~-~-> 00:54:52 |midline thing off
582 |581 |00:54:58 ~-~-> 00:55:05 |the quadrant. I'm sorry. I. So yeah, ideal scenarios, when we get another
583 |582 |00:55:05 ~-~-> 00:55:10 |candle that drops down in this fair value gap, it's the upper half the blue
584 |583 |00:55:10 ~-~-> 00:55:14 |shaded area, like we have right here. In this example, any candlestick that drops
585 |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
586 |585 |00:55:17 ~-~-> 00:55:22 |to see one at most, two times better if it's just once entering it like that,
587 |586 |00:55:23 ~-~-> 00:55:27 |and if you can start to run after going in just the upper half feel confident
588 |587 |00:55:28 ~-~-> 00:55:32 |that the lower half stays open for your benefit of knowing that you're on side.
589 |588 |00:55:32 ~-~-> 00:55:35 |Now, does that mean you're never going to get stopped out? No, it just means
590 |589 |00:55:35 ~-~-> 00:55:40 |that your your confidence should increase, and your level of uncertainty
591 |590 |00:55:40 ~-~-> 00:55:44 |or the trepidation that you feel about potentially getting stopped out with
592 |591 |00:55:44 ~-~-> 00:55:50 |your stop loss down here, below the fair value got low. It should be minimized as
593 |592 |00:55:50 ~-~-> 00:55:55 |it moves further and further and further away from the fair value gap. And you
594 |593 |00:55:55 ~-~-> 00:55:58 |see this happening, happening right here. And just look at the other
595 |594 |00:55:58 ~-~-> 00:56:04 |lectures, the live streams from this playlist in 2024 I'm telling you that
596 |595 |00:56:04 ~-~-> 00:56:10 |fair value gaps and anything that acts like an inefficiency, like a wick. If
597 |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
598 |597 |00:56:16 ~-~-> 00:56:19 |price from trading into the lower half of the wick, regardless if the wick is
599 |598 |00:56:19 ~-~-> 00:56:26 |above a candle's body, or below a candle body, it's the same thing. You know,
600 |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.
601 |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
602 |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
603 |602 |00:56:41 ~-~-> 00:56:44 |be a discount array. So if it's a discount array, the same thing I'm
604 |603 |00:56:44 ~-~-> 00:56:48 |teaching you about the fair value gap, my PD arrays work with the Wix the same
605 |604 |00:56:48 ~-~-> 00:56:52 |way. It's very simple. It's not a very complicated thing. It's complicated if
606 |605 |00:56:52 ~-~-> 00:56:55 |it's the first time you've been introduced to it, and I'll submit that,
607 |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
608 |607 |00:57:01 ~-~-> 00:57:05 |it from you. It's just you haven't spent enough time going through lectures and
609 |608 |00:57:05 ~-~-> 00:57:10 |watching you actually do it. So I can take all this mumbo jumbo off me. I'll
610 |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
611 |610 |00:57:14 ~-~-> 00:57:21 |annotations on it. Okay, so this here is the same thing as this in a real market
612 |611 |00:57:21 ~-~-> 00:57:22 |environment,
613 |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.
614 |613 |00:57:35 ~-~-> 00:57:40 |There you go. So that's this, okay, and the entry would be as another candle
615 |614 |00:57:40 ~-~-> 00:57:46 |comes down and look how, look how fast it did here. That's also a clue. If,
616 |615 |00:57:46 ~-~-> 00:57:49 |soon as the candle stick creates the fair value gap, if the next candle,
617 |616 |00:57:49 ~-~-> 00:57:53 |number four, drops in and he starts running, chances are stronger that this
618 |617 |00:57:53 ~-~-> 00:57:57 |lower half will stay open, and you really will feel confident enough to if
619 |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
620 |619 |00:58:00 ~-~-> 00:58:04 |want to see this stay open or remain unfilled. That's, that's usually what
621 |620 |00:58:04 ~-~-> 00:58:12 |you see me typing out when I'm recording my executions. It could be, you know, a
622 |621 |00:58:12 ~-~-> 00:58:16 |little bit of time before the market eventually comes back down into that
623 |622 |00:58:16 ~-~-> 00:58:21 |fair value gap. And the same thing would appear in terms of the logic, so nothing
624 |623 |00:58:21 ~-~-> 00:58:26 |changes there, but when they give it to you right away, that means it's going to
625 |624 |00:58:26 ~-~-> 00:58:29 |be on a fast track to get somewhere quick. And that's the buy side I gave
626 |625 |00:58:29 ~-~-> 00:58:37 |you over here. Okay, so this is also the lower quadrant to the opening range gap.
627 |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
628 |627 |00:58:47 ~-~-> 00:58:54 |show you what I mean by that. It seems like a whole lot of juggling, but I
629 |628 |00:58:54 ~-~-> 00:58:57 |promise you, it's just because you're first now learning it. Once you do it a
630 |629 |00:58:57 ~-~-> 00:59:00 |few times, and you make a general practice every single day, you're doing
631 |630 |00:59:00 ~-~-> 00:59:04 |the same stuff, you'll see it's not hard, it's not complicated, and you'll
632 |631 |00:59:04 ~-~-> 00:59:07 |know what to look for and what you're should be focusing on. But previous
633 |632 |00:59:07 ~-~-> 00:59:11 |day's settlement here, which is Friday, that's where we stop trading there. So
634 |633 |00:59:11 ~-~-> 00:59:16 |you drop your fib on that, you draw it down to the first opening tick of the
635 |634 |00:59:16 ~-~-> 00:59:20 |new day, which is right now, 930 and that's where I dropped the FIB at this
636 |635 |00:59:20 ~-~-> 00:59:24 |level here is the lower quadrant. This is the midpoint, or consequent
637 |636 |00:59:24 ~-~-> 00:59:28 |encroachment. That's the level that 70% of the time in the first 30 minutes, it
638 |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
639 |638 |00:59:32 ~-~-> 00:59:36 |to in the upper quadrant level, and in the high this is previous day's
640 |639 |00:59:36 ~-~-> 00:59:40 |settlement. So we've went above, spent some time here on the lower quadrant
641 |640 |00:59:40 ~-~-> 00:59:41 |level.
642 |641 |00:59:46 ~-~-> 00:59:53 |So back in the one minute chart, that's that lower quadrant level there. Okay,
643 |642 |00:59:53 ~-~-> 00:59:58 |you see what? It just went up there, and it just hung around in that area and
644 |643 |00:59:58 ~-~-> 01:00:03 |then broke lower and. I traded all the way down and through New Day, opening
645 |644 |01:00:03 ~-~-> 01:00:07 |gap from Friday again, that's the wrong date. I hope the gentleman fixes this.
646 |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
647 |646 |01:00:14 ~-~-> 01:00:18 |students don't mind that have invited me to take a look at their stuff. I will
648 |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
649 |648 |01:00:22 ~-~-> 01:00:26 |this one first. It was the first one in the list of ones that were made
650 |649 |01:00:26 ~-~-> 01:00:31 |available to me. And then here's first presented fair value gap, after swiping
651 |650 |01:00:31 ~-~-> 01:00:41 |below that New Day gap of last Friday, and then turning up into that and then
652 |651 |01:00:41 ~-~-> 01:00:46 |breaking lower, remaining heavy, then we're back down into this inefficiency.
653 |652 |01:00:46 ~-~-> 01:00:55 |So I'm going to remove this now, hopefully it's communicated clear enough
654 |653 |01:00:55 ~-~-> 01:00:58 |for you to know what I'm talking about and referring to if you watch my
655 |654 |01:00:58 ~-~-> 01:01:02 |examples now, you'll understand a little bit more what I was doing at the time of
656 |655 |01:01:02 ~-~-> 01:01:09 |the execution. Alrighty. Now let's real quick.
657 |656 |01:01:20 ~-~-> 01:01:23 |Why did I tell you to begin the last year, and this was not a shorting
658 |657 |01:01:23 ~-~-> 01:01:31 |opportunity? Well, we had started the morning consolidating. This is
659 |658 |01:01:31 ~-~-> 01:01:35 |electronic trading hours every year, so it's not regular trading hours. So it
660 |659 |01:01:35 ~-~-> 01:01:40 |spent a little bit of time just meandering sideways, and then it broke
661 |660 |01:01:40 ~-~-> 01:01:47 |initially, right away after it had already dropped from previous Friday's
662 |661 |01:01:47 ~-~-> 01:01:55 |settlement price. We had already, if we would've opened back here at 906, or
663 |662 |01:01:55 ~-~-> 01:02:01 |849, that's significantly lower than Friday's settlement price. So we were
664 |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
665 |664 |01:02:06 ~-~-> 01:02:11 |opening, that's in the cards. And then she watched the 930 time window come to
666 |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
667 |666 |01:02:16 ~-~-> 01:02:20 |swing. You don't ever want to chase something like that. You're going to
668 |667 |01:02:20 ~-~-> 01:02:24 |give up trading opportunities, and you're going to see people share that
669 |668 |01:02:24 ~-~-> 01:02:28 |they did. I'll get this. I caught a short that's wonderful. I'm glad that
670 |669 |01:02:28 ~-~-> 01:02:32 |somebody made money on that, but Caleb, I don't want you thinking you need to do
671 |670 |01:02:32 ~-~-> 01:02:36 |that. Let it run out of steam, let it run out of gas. It's not important.
672 |671 |01:02:37 ~-~-> 01:02:40 |You're going to capture the trade that makes sense for you and your model.
673 |672 |01:02:40 ~-~-> 01:02:43 |That's all you're trying to do. You're not trying to trade somebody else's
674 |673 |01:02:43 ~-~-> 01:02:47 |model. You're not trying to keep up with somebody else's equity curve. You're not
675 |674 |01:02:47 ~-~-> 01:02:50 |trying to impress dad with doing it faster than you think. I think you
676 |675 |01:02:50 ~-~-> 01:02:55 |should do it. I want you to do it at your own pace, slowly, not trying to
677 |676 |01:02:55 ~-~-> 01:03:00 |keep up with the Joneses, not trying to make it heavier. It doesn't need to be
678 |677 |01:03:00 ~-~-> 01:03:04 |heavier lifting than it needs to be, just based on what you have to learn. So
679 |678 |01:03:04 ~-~-> 01:03:10 |don't complicate it. Let the price Run Run. When you start seeing the market
680 |679 |01:03:10 ~-~-> 01:03:15 |create a swing low. This is your swing low, right here. What's that? That's a
681 |680 |01:03:15 ~-~-> 01:03:19 |candlestick right there. Lowest candlestick that has a higher load to
682 |681 |01:03:19 ~-~-> 01:03:24 |the right, higher low, to the left, and then you rate at that point, at that
683 |682 |01:03:24 ~-~-> 01:03:29 |candlesticks closed there that opening, that's when I'm going back through all
684 |683 |01:03:29 ~-~-> 01:03:37 |of this, to look for inefficiencies, to look for order blocks, to look for
685 |684 |01:03:37 ~-~-> 01:03:41 |anything like a short term high where buy side would rest. Well, there is none
686 |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
687 |686 |01:03:46 ~-~-> 01:03:49 |characteristic of a Judas swing. It's something fake. They're going to run
688 |687 |01:03:49 ~-~-> 01:03:54 |right back over top of that. If you look at the range that was created, them this
689 |688 |01:03:54 ~-~-> 01:04:04 |drop down to that low. Where is this inefficiency. In other words, the thing
690 |689 |01:04:04 ~-~-> 01:04:09 |I haven't shaded here below this candlesticks low to this candlesticks
691 |690 |01:04:09 ~-~-> 01:04:14 |high, this one single candlestick right there that is a fair value guy. It is a
692 |691 |01:04:14 ~-~-> 01:04:18 |city, a sell side and bounce buy side and efficiency. But it's in the lower
693 |692 |01:04:18 ~-~-> 01:04:23 |half of the price drop from the opening bell at 930 to create that swing low.
694 |693 |01:04:23 ~-~-> 01:04:27 |And I I seen that as soon as that candlestick closed, and this one started
695 |694 |01:04:27 ~-~-> 01:04:32 |trading, I said, Okay, this one here is fake, and they rally it up into that,
696 |695 |01:04:32 ~-~-> 01:04:35 |and they give you these little dojis and make you think, wow, it's going to drop.
697 |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,
698 |697 |01:04:39 ~-~-> 01:04:43 |and once it trades higher, it can come back down in but stay inside the upper
699 |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
700 |699 |01:04:48 ~-~-> 01:04:52 |to the lower half once it left it, which is, that's the, that's the inefficiency
701 |700 |01:04:52 ~-~-> 01:04:56 |model that I'm teaching you. That's how you know behind the scenes the algorithm
702 |701 |01:04:56 ~-~-> 01:05:00 |is saying, all right, anybody that knows this information, quote. Quote, smart
703 |702 |01:05:00 ~-~-> 01:05:03 |money you're listening to, they're going to expect that that's not going to trade
704 |703 |01:05:03 ~-~-> 01:05:11 |lower. And then it starts to rally. Once it leaves this inefficiency, you have
705 |704 |01:05:12 ~-~-> 01:05:16 |several things you can look for, a return back into the top of that
706 |705 |01:05:17 ~-~-> 01:05:21 |inefficiency, to treat that as a discount array. In other words, come
707 |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
708 |707 |01:05:29 ~-~-> 01:05:35 |in price? What's what's in this area right here? What do you see? See that
709 |708 |01:05:35 ~-~-> 01:05:45 |big wick. See this inefficiency first, let me just real quick with the Volume
710 |709 |01:05:45 ~-~-> 01:05:46 |of bounds.
711 |710 |01:05:55 ~-~-> 01:05:58 |The tallest wick right there. Watch, I'm
712 |711 |01:06:11 ~-~-> 01:06:15 |this candlestick leaves this inefficiency the way we were looking for
713 |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.
714 |713 |01:06:21 ~-~-> 01:06:28 |Now, if this inefficiency was all overlapping candlesticks, but then this
715 |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
716 |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
717 |716 |01:06:35 ~-~-> 01:06:38 |form there, but that would be one that could be tradable. And I'll show you
718 |717 |01:06:38 ~-~-> 01:06:43 |examples of that today before we close. But here we have the consequent
719 |718 |01:06:43 ~-~-> 01:06:47 |encroachment of this wick right there. So that means when this candlestick went
720 |719 |01:06:47 ~-~-> 01:06:50 |up here and stopped the next one we opened, it's reasonable to anticipate
721 |720 |01:06:50 ~-~-> 01:06:54 |it, to do what trade down to this candlesticks midpoint or consequent
722 |721 |01:06:54 ~-~-> 01:06:58 |encroachment, to do what the send price higher, because this is a discount
723 |722 |01:06:58 ~-~-> 01:07:02 |array, and price goes higher, and then we get the fair value gap that we've
724 |723 |01:07:02 ~-~-> 01:07:09 |been talking about on talking about all morning. What is this? We trade down
725 |724 |01:07:09 ~-~-> 01:07:13 |into it, inversion. Fair value gap sends it where lower. What color is it?
726 |725 |01:07:14 ~-~-> 01:07:19 |Everybody knows what I'm teaching about. Inverse. Very value is an orange hue.
727 |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
728 |727 |01:07:22 ~-~-> 01:07:29 |buying opportunity. See, anybody else, they thought it had it like this, and I
729 |728 |01:07:29 ~-~-> 01:07:31 |didn't say anything, you would have thought, Oh, he's he's signaling that
730 |729 |01:07:31 ~-~-> 01:07:35 |it's going to go higher. But what color that hurricane make it orange? It's
731 |730 |01:07:35 ~-~-> 01:07:39 |going to treat it as what it's going to go down into this inefficiency, not to
732 |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
733 |732 |01:07:46 ~-~-> 01:07:50 |people, and you got to let me get this off my chest, because it's irritating,
734 |733 |01:07:51 ~-~-> 01:07:54 |and it's doing a disservice to the community, and it makes my stuff look
735 |734 |01:07:54 ~-~-> 01:07:58 |like it's not correct or precise, because other people don't know what
736 |735 |01:07:58 ~-~-> 01:08:00 |they're doing with these things, and they're trying to teach it. They're
737 |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
738 |737 |01:08:04 ~-~-> 01:08:09 |what I'm doing. I'm teaching you. So that way, I can help my students. They
739 |738 |01:08:09 ~-~-> 01:08:12 |are not your students. They're mine. They're paying you. I'm not getting
740 |739 |01:08:12 ~-~-> 01:08:15 |anything from it, but the peace of mind knowing that you're going to parrot what
741 |740 |01:08:15 ~-~-> 01:08:17 |I'm saying, if you're doing it correctly, you're going to say
742 |741 |01:08:17 ~-~-> 01:08:22 |everything I'm teaching correctly, and then my students are going to do well,
743 |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
744 |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
745 |744 |01:08:27 ~-~-> 01:08:31 |going to lose their ass because you don't know what you're talking about. So
746 |745 |01:08:31 ~-~-> 01:08:34 |that's why I get upset, because people are out there trying to teach something.
747 |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
748 |747 |01:08:38 ~-~-> 01:08:42 |talk about it in hindsight. Only I am not out here hindsighting it. I'm
749 |748 |01:08:42 ~-~-> 01:08:44 |telling you what the fuck is going to happen before it does it, how it should
750 |749 |01:08:44 ~-~-> 01:08:48 |behave. Because it's very, very frustrating when I see emails from
751 |750 |01:08:48 ~-~-> 01:08:52 |people saying I lost money trying to learn from this person that's teaching
752 |751 |01:08:52 ~-~-> 01:08:55 |your stuff, and then I watched your live streams and live sessions, and you're
753 |752 |01:08:55 ~-~-> 01:08:58 |doing it right in front of us and explaining it, and it's so much more
754 |753 |01:08:59 ~-~-> 01:09:05 |better. It's more believable when it's shown real time. And that's all I'm
755 |754 |01:09:05 ~-~-> 01:09:07 |demonstrating here. I already know people are going to take this stuff and
756 |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
757 |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
758 |757 |01:09:16 ~-~-> 01:09:20 |media and say you're full of shit. Stop doing that, because it ain't accurate.
759 |758 |01:09:20 ~-~-> 01:09:23 |It's not real. And you're either putting my name against something that I don't
760 |759 |01:09:23 ~-~-> 01:09:28 |stand with, or you're pretending that you know something that I've only
761 |760 |01:09:28 ~-~-> 01:09:34 |introduced. I've only introduced these concepts, so I'm the one that's being
762 |761 |01:09:34 ~-~-> 01:09:39 |responsible with the students, not you. So and getting if this is the only fair
763 |762 |01:09:39 ~-~-> 01:09:44 |value got that exist below the halfway point that dropped lower, and it's the
764 |763 |01:09:44 ~-~-> 01:09:47 |fact that we dropped straight from the opening that's what told me that that
765 |764 |01:09:47 ~-~-> 01:09:52 |that gap is not something to go short on. It is something that you expected to
766 |765 |01:09:52 ~-~-> 01:09:55 |go higher. And you can see the traps, okay, you know, there's these goobers
767 |766 |01:09:55 ~-~-> 01:10:01 |out there that used to use my leaked content, and they rebranded it. And. WW,
768 |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
769 |768 |01:10:07 ~-~-> 01:10:11 |rebranded stuff and turned a order block into a Wally block. Now, who the fuck is
770 |769 |01:10:11 ~-~-> 01:10:19 |gonna want to trade a Wally block a Walmart block? Okay, come on, roll back
771 |770 |01:10:19 ~-~-> 01:10:27 |the prices. Right? So anyway, when when you see these people and people like
772 |771 |01:10:27 ~-~-> 01:10:31 |them that want to make a name for themselves and take shots, okay, I'm the
773 |772 |01:10:32 ~-~-> 01:10:37 |one that's going to tell you the logic that works. And when you see retail
774 |773 |01:10:37 ~-~-> 01:10:42 |logic like these dojis that are forming in here, these wicks that people will
775 |774 |01:10:42 ~-~-> 01:10:45 |say, hey, that's rejection. It's rejecting that. And it's also one of
776 |775 |01:10:45 ~-~-> 01:10:51 |those liquidity boids. It came back up and filled this inefficiency. And I'm
777 |776 |01:10:51 ~-~-> 01:10:55 |telling you live stream that that's not what's going to happen. The opposite is
778 |777 |01:10:55 ~-~-> 01:11:02 |going to happen. So I'm looking for retail traps. I know how a time
779 |778 |01:11:02 ~-~-> 01:11:06 |distortion will make traders say the job is real and get all screwed up or not
780 |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
781 |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
782 |781 |01:11:13 ~-~-> 01:11:19 |them, but they're learning. You can see right away why there is a sense of
783 |782 |01:11:19 ~-~-> 01:11:24 |authority when I'm talking, when I'm teaching and when I'm reviewing things
784 |783 |01:11:24 ~-~-> 01:11:28 |that I have authored and I can talk about before it happens, because I know
785 |784 |01:11:28 ~-~-> 01:11:33 |I'm talking about and I it's my logic, because I have that, and I also
786 |785 |01:11:33 ~-~-> 01:11:38 |understand, because I started as a retail thinking trader, everything that
787 |786 |01:11:38 ~-~-> 01:11:44 |is taught in every retail teacher, course or book I am, I know about it. I
788 |787 |01:11:44 ~-~-> 01:11:49 |wasted 1000s and 1000s and 1000s of dollars on that shit. And the only thing
789 |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
790 |789 |01:11:57 ~-~-> 01:12:01 |just stopped playing checkers and bought his first chess book that that's,
791 |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
792 |791 |01:12:04 ~-~-> 01:12:07 |here, when we see these little wicks in here, and everybody else that thinks
793 |792 |01:12:07 ~-~-> 01:12:11 |they understand inefficiencies, because it went up there like that, they think
794 |793 |01:12:11 ~-~-> 01:12:16 |it wants to go where lower. And I'm telling you, the logic is no, because
795 |794 |01:12:16 ~-~-> 01:12:22 |right at 930 it dropped initially, straight down, when we already was
796 |795 |01:12:22 ~-~-> 01:12:28 |expecting a lower gap opening from Friday's settlement price. So it's
797 |796 |01:12:28 ~-~-> 01:12:32 |already going to be opening at a real, real deep discount price. And then add
798 |797 |01:12:32 ~-~-> 01:12:36 |to it, it opens and sells off. That's the public selling it. They're chasing.
799 |798 |01:12:36 ~-~-> 01:12:40 |They're going to sell short sales and anything that they see as a reason to
800 |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
801 |800 |01:12:44 ~-~-> 01:12:52 |them, dojis. Dojis inside of an inefficiency. No, thank you. Go ahead
802 |801 |01:12:52 ~-~-> 01:12:56 |and take that cheese. Go ahead. Go for it, because you're going to get the
803 |802 |01:12:56 ~-~-> 01:12:59 |metal behind your neck, and then I'm going to come over here and tell you
804 |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
805 |804 |01:13:04 ~-~-> 01:13:08 |direction of the halfway point of the opening range gap that need not be
806 |805 |01:13:08 ~-~-> 01:13:14 |filled or delivered to, because you have an opportunity to take this trade to the
807 |806 |01:13:14 ~-~-> 01:13:17 |first presented fairbay gap that could be your target, that would have been
808 |807 |01:13:17 ~-~-> 01:13:21 |filled right there. What if? What if that's all you decide to do, Caleb, is
809 |808 |01:13:21 ~-~-> 01:13:28 |there something wrong with that? No, there's nothing wrong with that. It's
810 |809 |01:13:28 ~-~-> 01:13:33 |actually a low hanging fruit objective, because the draw would be high of day.
811 |810 |01:13:33 ~-~-> 01:13:40 |Opening price by side, lower quadrant of the opening range, gap, mid gap, there
812 |811 |01:13:40 ~-~-> 01:13:43 |are all potential areas where your partial could be taken or any one of
813 |812 |01:13:43 ~-~-> 01:13:50 |them could be your terminus, your end target. So I'm providing you where the
814 |813 |01:13:50 ~-~-> 01:13:53 |market's going to draw to, but you decide how you're going to frame it. Is
815 |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
816 |815 |01:13:56 ~-~-> 01:14:03 |you should do. Starting there, the easiest exit point that you can see,
817 |816 |01:14:03 ~-~-> 01:14:09 |that you can comfortably wait for and get in, the easiest first opportunity,
818 |817 |01:14:09 ~-~-> 01:14:13 |low hanging fruit, entry mechanism, and I taught that to you here today. Okay,
819 |818 |01:14:13 ~-~-> 01:14:19 |exiting. You're looking for the easiest exit, if you're if you're expecting it
820 |819 |01:14:19 ~-~-> 01:14:28 |to trade higher here. Well, what's the first gap? That's this one here, the
821 |820 |01:14:28 ~-~-> 01:14:37 |liquidity here, lower quadrant opening range, consequent craftsman, the the
822 |821 |01:14:37 ~-~-> 01:14:41 |midpoint of the opening range gap, the difference between Friday settlement
823 |822 |01:14:41 ~-~-> 01:14:45 |price and the opening ticket 930 on this candlestick right there, which
824 |823 |01:14:45 ~-~-> 01:14:48 |technically now I look at that, I just say, mistake. You probably, you're
825 |824 |01:14:48 ~-~-> 01:14:51 |probably saying that screaming, and you're probably even tweeting it to me
826 |825 |01:14:51 ~-~-> 01:14:54 |or leaving comments on my most recent post. That's not the first paragraph,
827 |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.
828 |827 |01:14:59 ~-~-> 01:15:07 |That's their very first. A fair value gap. So I apologize there. It can't be
829 |828 |01:15:07 ~-~-> 01:15:11 |on your 930 candle. It can only appear at 931 or after. So this is your very
830 |829 |01:15:11 ~-~-> 01:15:15 |first fair value gap. So I was incorrect by saying all that stuff, but then they
831 |830 |01:15:15 ~-~-> 01:15:18 |had that, excuse me, you had the gap that we've been talking about that's
832 |831 |01:15:18 ~-~-> 01:15:23 |inside that. So that's kind of interesting, isn't it? But the the
833 |832 |01:15:23 ~-~-> 01:15:27 |targeting aspect of what you're looking for from where you expect price to run
834 |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
835 |834 |01:15:33 ~-~-> 01:15:37 |minutes to 10 o'clock, you're always looking for an opportunity for it to try
836 |835 |01:15:37 ~-~-> 01:15:42 |to get to the halfway gap. So consequent correction of the opening range gap. In
837 |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%
838 |837 |01:15:50 ~-~-> 01:15:54 |chance that's likely to happen if there's something before this level,
839 |838 |01:15:56 ~-~-> 01:16:00 |like these smooth highs the opening price, which is a static it's not some
840 |839 |01:16:00 ~-~-> 01:16:04 |zone. It's a very specific price level. If you aimed for that, that's, that's,
841 |840 |01:16:04 ~-~-> 01:16:08 |that's a good level. And you have the first very, the first variable here. So
842 |841 |01:16:09 ~-~-> 01:16:13 |does that give you much room, leaving this area here, where we set it live,
843 |842 |01:16:13 ~-~-> 01:16:16 |that this wasn't going to be a sell, it's actually something you want to see
844 |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
845 |844 |01:16:19 ~-~-> 01:16:23 |all that important. So because we're thinking it's going to go up to opening
846 |845 |01:16:23 ~-~-> 01:16:27 |range gap, how can you use this inefficiency here, if you didn't look at
847 |846 |01:16:27 ~-~-> 01:16:31 |the fairbair like I outlined it when it was happening, and you were looking at
848 |847 |01:16:31 ~-~-> 01:16:35 |this correctly, because I made the mistake of not recognizing that that was
849 |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
850 |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
851 |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
852 |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
853 |852 |01:16:53 ~-~-> 01:16:59 |value gap, is also tapping into this gap, which is if we're expecting it to
854 |853 |01:16:59 ~-~-> 01:17:05 |go higher. Here is this gap a cell? No Why? Because the opening range got
855 |854 |01:17:06 ~-~-> 01:17:09 |midpoint or consequence encroachments up here. It's still likely to be traded to
856 |855 |01:17:10 ~-~-> 01:17:15 |here. What time is that? It's 948 what time is this candlestick when it would
857 |856 |01:17:15 ~-~-> 01:17:18 |have gave you a buy, based on everything we've been talking about in this live
858 |857 |01:17:18 ~-~-> 01:17:25 |stream, it's 950 what is that macro? Time? 10 minutes to 10 to 10 minutes
859 |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
860 |859 |01:17:30 ~-~-> 01:17:35 |liquidity. Okay? Well, we know that bias wise, it's likely to draw up to half of
861 |860 |01:17:35 ~-~-> 01:17:40 |the gap. Some of you, probably a lot of you, are looking at the fact that we
862 |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
863 |862 |01:17:43 ~-~-> 01:17:48 |the draw. It's the direction, the first initial draw. How do you know what side
864 |863 |01:17:48 ~-~-> 01:17:53 |the market to trade on? I'm teaching that it doesn't need to trade at these
865 |864 |01:17:53 ~-~-> 01:17:58 |levels 70% of the time is not 100% of the time. So how do you find something
866 |865 |01:17:58 ~-~-> 01:18:04 |that's profitable in in that model, if you see this as the first fair value
867 |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
868 |867 |01:18:07 ~-~-> 01:18:13 |the basis of watching this one form. So this, it just adds to it that that is
869 |868 |01:18:14 ~-~-> 01:18:18 |not necessary. But let's just say that you saw it as the first fair value gap,
870 |869 |01:18:18 ~-~-> 01:18:22 |and we're expecting it to trade up to the open range, gap consequence
871 |870 |01:18:22 ~-~-> 01:18:27 |midpoint, and attack these smooth highs. Well, then you would expect it to trade
872 |871 |01:18:27 ~-~-> 01:18:34 |through this gap here and do what, find the support, treat it as a discount
873 |872 |01:18:34 ~-~-> 01:18:40 |array, and rally higher. At the time, when we were watching it, we were
874 |873 |01:18:40 ~-~-> 01:18:45 |looking at how these these candles, shared the same space between the two.
875 |874 |01:18:46 ~-~-> 01:18:49 |One was offering it to the downside. One was offering it to the upside. So this
876 |875 |01:18:49 ~-~-> 01:18:56 |is treated as a balanced price range, and the market rallies higher, attacks
877 |876 |01:18:56 ~-~-> 01:19:02 |the buy side, the lower quadrant level of the opening range gap, and then did
878 |877 |01:19:02 ~-~-> 01:19:06 |not trade to opening range gap, constant encroachment. But what did they leave
879 |878 |01:19:06 ~-~-> 01:19:17 |here? What's up here? Now that's primary buy side liquidity. I
880 |879 |01:19:25 ~-~-> 01:19:32 |Why is this primary? Because we cleared a higher high of the day. This is
881 |880 |01:19:32 ~-~-> 01:19:38 |initial high day at 930 drop. Judas rallies over top. All that price action
882 |881 |01:19:38 ~-~-> 01:19:41 |reaches into lower quadrant, fails to get the opening range, constant
883 |882 |01:19:41 ~-~-> 01:19:48 |encouragement of that gap, and then they leave high, lower, high. That's a valid
884 |883 |01:19:48 ~-~-> 01:19:54 |trap. So traders that are trying to go short their their orders to protect that
885 |884 |01:19:54 ~-~-> 01:19:59 |short are resting right there. It. Need not trade it to it today, but you have
886 |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
887 |886 |01:20:05 ~-~-> 01:20:08 |level that I have in my notepad. Give me a second.
888 |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
889 |888 |01:20:30 ~-~-> 01:20:33 |instrument, next to you, while you're watching price action, you're doing it
890 |889 |01:20:33 ~-~-> 01:20:37 |wrong, because, if it only appears inside your chart, you're not doing it
891 |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
892 |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
893 |892 |01:20:47 ~-~-> 01:20:52 |the next session, which is the lunch macro. And then I look at how the
894 |893 |01:20:52 ~-~-> 01:20:57 |numbers are used for the afternoon, and I formulate a possible scenario, because
895 |894 |01:20:57 ~-~-> 01:21:00 |I know this is the high of the day now, and they formed it with relative equal
896 |895 |01:21:00 ~-~-> 01:21:08 |highs. We've broken this. This is, this was initially what minor cell side. I
897 |896 |01:21:08 ~-~-> 01:21:12 |didn't label it because I'm still not actively teaching, but this has now been
898 |897 |01:21:12 ~-~-> 01:21:16 |broken. So that minor cell side that would have been annotated as such, this
899 |898 |01:21:16 ~-~-> 01:21:22 |now is primary cell side, because it's taken out the initial low today. So
900 |899 |01:21:22 ~-~-> 01:21:26 |here's primary sell side, primary buy side, because it's taken out high here
901 |900 |01:21:27 ~-~-> 01:21:30 |and this low is taken out here. So to take out this low is a much more
902 |901 |01:21:30 ~-~-> 01:21:41 |meaningful event. It doesn't mean it can't super this means that it's a lot
903 |902 |01:21:41 ~-~-> 01:21:48 |more meaningful how we trade around it, and I'll explain A second left. I
904 |903 |01:22:00 ~-~-> 01:22:01 |left so
905 |904 |01:22:26 ~-~-> 01:22:31 |now, because we've taken this low out with this drop down, we rallied up
906 |905 |01:22:33 ~-~-> 01:22:37 |consequent encroachment of this gap over here when we traded down through it,
907 |906 |01:22:37 ~-~-> 01:22:41 |here you see how it offered it as a premium array and then sold off into
908 |907 |01:22:41 ~-~-> 01:22:47 |this inefficiency right here there. See that now that we're rallying above, I
909 |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
910 |909 |01:22:50 ~-~-> 01:22:55 |it be treated as a reclaimed fair value gap, so where we would have expected
911 |910 |01:22:55 ~-~-> 01:22:58 |initially, if we were not fully understanding what is that goes on the
912 |911 |01:22:58 ~-~-> 01:23:03 |marketplace the first time it drops into that someone might think that, okay,
913 |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
914 |913 |01:23:08 ~-~-> 01:23:15 |that when this was a inversion Fairbank earlier, we sold off from here to here
915 |914 |01:23:15 ~-~-> 01:23:19 |into that Fairbank. That is a trade setup that I think that my son would do
916 |915 |01:23:19 ~-~-> 01:23:24 |well with. It's a real easy bread and butter type setup. Now that we rally
917 |916 |01:23:24 ~-~-> 01:23:30 |back above this gap over here, I want to see this act as an inversion fair value
918 |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
919 |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
920 |919 |01:23:38 ~-~-> 01:23:40 |minor buy side right in here. It does highs. I'm
921 |920 |01:24:09 ~-~-> 01:24:13 |and because you have this inefficiency over here, you want to drag that over
922 |921 |01:24:13 ~-~-> 01:24:20 |too. And both of these
923 |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
924 |923 |01:24:32 ~-~-> 01:24:39 |inside of them, or if we quickly run into this down closed candle here, this
925 |924 |01:24:39 ~-~-> 01:24:43 |down closed candle should not see its halfway point or mean threshold traded
926 |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
927 |926 |01:24:49 ~-~-> 01:24:53 |probably going to go lower and probably trade lower for the duration into the
928 |927 |01:24:53 ~-~-> 01:24:58 |lunch hours. And where we're at right now, I would be more I would be more
929 |928 |01:24:58 ~-~-> 01:25:01 |comfortable looking for it to try. Trade up into that minor buy side that I
930 |929 |01:25:01 ~-~-> 01:25:05 |haven't annotated here, because that would be a little stop hunt inside of
931 |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
932 |931 |01:25:10 ~-~-> 01:25:14 |this little wick. I don't like that. I want to see a bodied swing high,
933 |932 |01:25:15 ~-~-> 01:25:18 |something like this, versus something like that. Because we already hit that.
934 |933 |01:25:18 ~-~-> 01:25:24 |We went lower, excuse me, and then we ride back up. We haven't taken this high
935 |934 |01:25:24 ~-~-> 01:25:29 |out yet, but we're respecting the lower half of this inefficiency by definition
936 |935 |01:25:29 ~-~-> 01:25:31 |that's actually indicating it's weak. I'm
937 |936 |01:26:00 ~-~-> 01:26:05 |so you have to stop and think for yourself, what has the most money been
938 |937 |01:26:05 ~-~-> 01:26:12 |made on most recently? Would you say being long or being short? Because this
939 |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
940 |939 |01:26:16 ~-~-> 01:26:20 |noon today. So we're going to have this a little bit longer one today, and each
941 |940 |01:26:20 ~-~-> 01:26:23 |day the rest of the week, it'll be shorter, because I'm just going in and
942 |941 |01:26:23 ~-~-> 01:26:27 |taking one or two setups and then closing the session out, because that's
943 |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
944 |943 |01:26:32 ~-~-> 01:26:36 |half of this gap between this candlesticks high, that candlesticks
945 |944 |01:26:36 ~-~-> 01:26:46 |low, and the bodies just went outside of that inefficiency is low over here. So
946 |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
947 |946 |01:26:50 ~-~-> 01:26:57 |here, that cancels all this, remove, not remove this inability to move to the
948 |947 |01:26:57 ~-~-> 01:27:03 |upper half up here, of this inefficiency. Now I can imagine when I
949 |948 |01:27:03 ~-~-> 01:27:06 |first started talking about this to Caleb, you know, I was thinking, this is
950 |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
951 |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
952 |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
953 |952 |01:27:21 ~-~-> 01:27:29 |myself as a as a teacher, for the very reasons of not feeling comfortable
954 |953 |01:27:29 ~-~-> 01:27:34 |reaching for the words I thought were going to be easy for him to grasp and
955 |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
956 |955 |01:27:41 ~-~-> 01:27:46 |I've been doing it, I naturally think that it should be everybody. If I'm
957 |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.
958 |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
959 |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
960 |959 |01:28:00 ~-~-> 01:28:04 |it's my son. I really, really wanted to pick it up easy, and still, it requires
961 |960 |01:28:04 ~-~-> 01:28:09 |some work ethic and effort and first learning the language. So you can see
962 |961 |01:28:09 ~-~-> 01:28:13 |right away, like by me, having all these things on my chart, which is what you're
963 |962 |01:28:13 ~-~-> 01:28:20 |not used to seeing me. Do you have to see the dynamic around how the markets
964 |963 |01:28:20 ~-~-> 01:28:26 |operating in them. Otherwise you're not going to fully appreciate it. And when
965 |964 |01:28:26 ~-~-> 01:28:31 |you're looking at your charts and you're back testing, like I said, I prefer to
966 |965 |01:28:31 ~-~-> 01:28:36 |see this inefficiency support price. I like the fact that we haven't broke down
967 |966 |01:28:36 ~-~-> 01:28:40 |yet, but if it does, and the midpoint of this down closed candle sets the stage
968 |967 |01:28:40 ~-~-> 01:28:46 |for a run below that. I'm looking at these highs here as they're trying to
969 |968 |01:28:46 ~-~-> 01:28:50 |trust, or build in trust that anyone that's short, they're going to want to
970 |969 |01:28:50 ~-~-> 01:28:54 |drop their stop loss down here. And if that happens to be the case, they may
971 |970 |01:28:54 ~-~-> 01:28:59 |take out that low or this low, and then run for that area, because it'll give
972 |971 |01:28:59 ~-~-> 01:29:02 |them reasons to buy below this low. If they take it below that low, they can
973 |972 |01:29:02 ~-~-> 01:29:06 |buy that and then start distributing those longs here, then here, and work
974 |973 |01:29:06 ~-~-> 01:29:13 |inside all this range, back up to New Day, opening gap. And what I just did
975 |974 |01:29:13 ~-~-> 01:29:16 |there is probably like, how did you get to that? That's experience. But you
976 |975 |01:29:16 ~-~-> 01:29:20 |don't need that, not in the beginning, because you don't have any to work with
977 |976 |01:29:20 ~-~-> 01:29:26 |Caleb, you have to get this every single day by being in the charts. You just
978 |977 |01:29:26 ~-~-> 01:29:30 |want the obvious, easy setups, the ones you can see clearly. If it's not
979 |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
980 |979 |01:29:35 ~-~-> 01:29:42 |and more, for all everyone else, that's a little block right there. So since we
981 |980 |01:29:42 ~-~-> 01:29:49 |tapped it, it needs to start delivering above here. Any failure to go lower sets
982 |981 |01:29:49 ~-~-> 01:29:52 |the stage where I run lower into that, and then we could probably just keep
983 |982 |01:29:52 ~-~-> 01:29:58 |dipping lower into it, into a lower daily range. I.
984 |983 |01:30:07 ~-~-> 01:30:13 |I'll just say, Oh, the most obvious runs where the market is clearly in the first
985 |984 |01:30:13 ~-~-> 01:30:17 |30 minutes, you have a lot of advantage knowing where, if there's a large range
986 |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
987 |986 |01:30:24 ~-~-> 01:30:28 |an obvious thing. It's obvious. It doesn't mean you're going to be right
988 |987 |01:30:28 ~-~-> 01:30:31 |every single time trying to trade for it, but if that's where you're going to
989 |988 |01:30:31 ~-~-> 01:30:35 |start with as your foundation, it's going to serve you very, very well. And
990 |989 |01:30:35 ~-~-> 01:30:40 |in this case, you saw that we had my side, it went to that lower quadrant. It
991 |990 |01:30:40 ~-~-> 01:30:44 |went to that and just fell short of opening range gap consequence, which is
992 |991 |01:30:44 ~-~-> 01:30:52 |still here. So what I'm looking at is I'm seeing how we left those smooth
993 |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
994 |993 |01:30:58 ~-~-> 01:31:04 |nice short term low that was priced in quickly. We folded, went lower, took
995 |994 |01:31:04 ~-~-> 01:31:10 |that low out here, failed to go lower there, but we're building this little
996 |995 |01:31:10 ~-~-> 01:31:16 |clean area. This candlestick is to trigger whether or not we see it go
997 |996 |01:31:16 ~-~-> 01:31:21 |higher enough if it's going to go higher. I don't care about all the mess
998 |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
999 |998 |01:31:25 ~-~-> 01:31:30 |want to go long, to get this smooth high in consequent encouragement mid gap, if
1000 |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
1001 |1000 |01:31:34 ~-~-> 01:31:38 |anything to do yet. I'm trying to stay with you long enough today to do
1002 |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
1003 |1002 |01:31:41 ~-~-> 01:31:45 |not have pressed the button. That's what I'm doing. If I would have traded by
1004 |1003 |01:31:45 ~-~-> 01:31:49 |now, and took and took a trade and showed you where stop would be, where
1005 |1004 |01:31:49 ~-~-> 01:31:52 |I'd look for the run to, I would already close the stream now,
1006 |1005 |01:32:02 ~-~-> 01:32:06 |but it rolls through this consequent, or, I'm sorry, mean threshold, this down
1007 |1006 |01:32:06 ~-~-> 01:32:13 |closed candle, that's this, if it's bullish, it shouldn't trade and go below
1008 |1007 |01:32:13 ~-~-> 01:32:18 |on a closing basis. No candlestick should close below this mean threshold.
1009 |1008 |01:32:18 ~-~-> 01:32:21 |It can stab through it. It can theoretically stab all the way down and
1010 |1009 |01:32:21 ~-~-> 01:32:27 |match the same candlesticks low. It's bad. It's not the best for something
1011 |1010 |01:32:27 ~-~-> 01:32:35 |like that happen. But in theory, it can do that. Ideally, the upper half should
1012 |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
1013 |1012 |01:32:40 ~-~-> 01:32:44 |down and touch that midpoint that's indicating that it's not something good.
1014 |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
1015 |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
1016 |1015 |01:32:52 ~-~-> 01:32:56 |the logic around price action until a fair value got forms that I would be
1017 |1016 |01:32:56 ~-~-> 01:33:00 |willing to take. See that violates it, and look how, look how fast and
1018 |1017 |01:33:00 ~-~-> 01:33:06 |accelerate through the bottom of it. What you're looking at is how I'm taking
1019 |1018 |01:33:06 ~-~-> 01:33:13 |a motor block to frame a displacement higher or lower in that next price run,
1020 |1019 |01:33:13 ~-~-> 01:33:17 |then I have to reassess and see what is it reaching for. Now, just done this,
1021 |1020 |01:33:17 ~-~-> 01:33:22 |expecting it to fail. That's part of using the PD arrays, because it gives
1022 |1021 |01:33:22 ~-~-> 01:33:32 |you sit still or go the other direction. In other words, it gives you the rhyme
1023 |1022 |01:33:32 ~-~-> 01:33:35 |or reason where most traders, most mentors out there, that are out there
1024 |1023 |01:33:35 ~-~-> 01:33:38 |trying to teach they don't know, they don't know what they're doing. They're
1025 |1024 |01:33:38 ~-~-> 01:33:41 |reacting to price. They're chasing price. Their momentum breakout artists.
1026 |1025 |01:33:42 ~-~-> 01:33:46 |That's not me, all right, so now we have the potential of this little Fairbank
1027 |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
1028 |1027 |01:33:51 ~-~-> 01:33:53 |low right in here, we might have something to work with.
1029 |1028 |01:34:02 ~-~-> 01:34:17 |I'm might not end up becoming a immediate rebalance. Immediate rebalance
1030 |1029 |01:34:17 ~-~-> 01:34:21 |is coming right back to this candle sticks low, if it touches that means the
1031 |1030 |01:34:21 ~-~-> 01:34:27 |very next candle, or that candle, usually we'll see it running the same
1032 |1031 |01:34:27 ~-~-> 01:34:35 |direction it was Moving prior. Yeah, not much of a gap now.
1033 |1032 |01:34:42 ~-~-> 01:34:50 |Yes, I'd consider it immediate rebalance. I'm watching the wick in
1034 |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
1035 |1034 |01:34:54 ~-~-> 01:34:58 |upper half without taking out that high, it should roll right over and attack
1036 |1035 |01:34:58 ~-~-> 01:34:59 |that that low here.
1037 |1036 |01:35:50 ~-~-> 01:35:55 |So if you were looking at this candlestick like I was outlining it, if
1038 |1037 |01:35:56 ~-~-> 01:36:00 |it was going to be bullish, the upper half of that to the midpoint should be
1039 |1038 |01:36:00 ~-~-> 01:36:05 |doing. What with price supporting it? If it trades to its middle point, which is
1040 |1039 |01:36:05 ~-~-> 01:36:09 |mean threshold, it indicates it's weak. So now, what happens when you start
1041 |1040 |01:36:09 ~-~-> 01:36:16 |trading up into that same range here? It should stay in the lower half of this
1042 |1041 |01:36:16 ~-~-> 01:36:19 |candlestick and then drop down and attack that sell side, right there. So
1043 |1042 |01:36:30 ~-~-> 01:36:35 |so there's all kinds of trades here, but I'm forcing myself to operate on the
1044 |1043 |01:36:35 ~-~-> 01:36:39 |basis of just the fair value gap. You gotta wait for The fair value gap. I
1045 |1044 |01:37:28 ~-~-> 01:37:33 |so if you looked at this wick here, that's comp con version of that wick
1046 |1045 |01:37:36 ~-~-> 01:37:43 |halfway. So using the middle of the order block there and immediate
1047 |1046 |01:37:43 ~-~-> 01:37:46 |rebalance trading down to that. That's something that's tradable. It's not
1048 |1047 |01:37:46 ~-~-> 01:37:49 |something that I like to trade. Obviously, you guys see I trade pretty
1049 |1048 |01:37:49 ~-~-> 01:37:53 |big, pretty big ranges in the targets are not like 10 points or something like
1050 |1049 |01:37:53 ~-~-> 01:37:58 |that. But I'm going to try to find something before we close the session. I
1051 |1050 |01:37:58 ~-~-> 01:38:02 |promise you, I'm not closing this session down until I push the button the
1052 |1051 |01:38:05 ~-~-> 01:38:09 |the initial 15 handles, or 20 handles. That's kind of like what I want to see
1053 |1052 |01:38:09 ~-~-> 01:38:14 |Caleb try to trade with if you can't make at least 15 handles from it. I
1054 |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
1055 |1054 |01:38:17 ~-~-> 01:38:22 |formations that I'm outlining for him, I'll explain to you what I'm looking
1056 |1055 |01:38:22 ~-~-> 01:38:26 |for, why it's viable. Because if it can't make at least 15 handles, that
1057 |1056 |01:38:26 ~-~-> 01:38:30 |means that means that 20 handles should be easy to see from my target, from
1058 |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
1059 |1058 |01:38:36 ~-~-> 01:38:40 |least 20 handles run in between there that should afford me the opportunity,
1060 |1059 |01:38:40 ~-~-> 01:38:46 |or by theory, it should afford him 15 handles as a profit objective. I don't
1061 |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
1062 |1061 |01:38:49 ~-~-> 01:38:53 |look at price action, 10 handles, for some of you that are probably wondering
1063 |1062 |01:38:53 ~-~-> 01:38:57 |what that is, that's this, you
1064 |1063 |01:39:05 ~-~-> 01:39:10 |uh, that's, that's, that's 10 handles. That's static, that's static price
1065 |1064 |01:39:10 ~-~-> 01:39:14 |action like it could just be moving around inside of a small little
1066 |1065 |01:39:14 ~-~-> 01:39:20 |consolidation, and got not even going area in that 10 handles, you can get
1067 |1066 |01:39:20 ~-~-> 01:39:25 |stopped out and be right if you're just trying to trade in, you know,
1068 |1067 |01:39:25 ~-~-> 01:39:28 |consolidations or time distortion, which is basically what we're seeing here.
1069 |1068 |01:39:28 ~-~-> 01:39:33 |This is all time distortion, which is means you have to sit and wait. Wait for
1070 |1069 |01:39:33 ~-~-> 01:39:36 |them, wait for them to give you something obvious and right now it's not
1071 |1070 |01:39:36 ~-~-> 01:39:43 |obvious, so you wait. So it would need to do something like this, give me a
1072 |1071 |01:39:43 ~-~-> 01:39:50 |move that affords me or him specifically. But while I execute in
1073 |1072 |01:39:50 ~-~-> 01:39:56 |front of you, it has to give me this much range potential, because I could
1074 |1073 |01:39:56 ~-~-> 01:40:01 |still probably fancy dance and get 15 handles out of that and still. So if
1075 |1074 |01:40:01 ~-~-> 01:40:05 |even trade turns around, I should be able to take 15 out of that, but 10
1076 |1075 |01:40:05 ~-~-> 01:40:11 |handles like that. When you're when you have a market that's moving around like
1077 |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
1078 |1077 |01:40:15 ~-~-> 01:40:19 |going to sit in front of the charts just to get something like that, because the
1079 |1078 |01:40:19 ~-~-> 01:40:26 |the risk models that are associated with that in a market like nq, you have a
1080 |1079 |01:40:26 ~-~-> 01:40:29 |high degree of probability of getting stopped out with just that much movement
1081 |1080 |01:40:29 ~-~-> 01:40:35 |against you, and you can still be right in the direction, but you have to afford
1082 |1081 |01:40:35 ~-~-> 01:40:42 |yourself a measure of risk and 1010, handles for 10 handles, that's not what
1083 |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
1084 |1083 |01:40:47 ~-~-> 01:40:52 |side here. Now here's the order block. This could become reclaimed order block
1085 |1084 |01:40:52 ~-~-> 01:41:00 |bullish and run for the buy side here. I like this, if we can maintain that
1086 |1085 |01:41:00 ~-~-> 01:41:06 |evaporated here, so let me get this out of the way.
1087 |1086 |01:41:18 ~-~-> 01:41:24 |All right, so Caleb would have a low that's taken out that low over here. Now
1088 |1087 |01:41:24 ~-~-> 01:41:29 |we have this low that was taken out here, and we have clean highs, an
1089 |1088 |01:41:29 ~-~-> 01:41:34 |undelivered half midway between the opening range, gap high and low that has
1090 |1089 |01:41:34 ~-~-> 01:41:40 |not been traded to today. I'm drawing this. The Gap's not there. I'm just
1091 |1090 |01:41:40 ~-~-> 01:41:48 |saying if it, if it closed now, now we have it, this candle sticks low.
1092 |1091 |01:41:58 ~-~-> 01:42:04 |That candle sticks low to these equal highs, that is definitely what that's
1093 |1092 |01:42:04 ~-~-> 01:42:05 |enough handles, right?
1094 |1093 |01:42:19 ~-~-> 01:42:27 |And you start the clock from the time of entry. What time did you get into the
1095 |1094 |01:42:27 ~-~-> 01:42:34 |trade? How much risk? This is the candlestick number two stop goes below
1096 |1095 |01:42:34 ~-~-> 01:42:43 |it. Here's your target, and you just watch if it stops you out. You write
1097 |1096 |01:42:43 ~-~-> 01:42:48 |down how long it took to get stopped out, how much drawdown you you took on
1098 |1097 |01:42:48 ~-~-> 01:42:53 |the trade that would be monetized. How much money did you lose. Then, how fast
1099 |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
1100 |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
1101 |1100 |01:43:02 ~-~-> 01:43:06 |lower time frames will give you more opportunities so that we can do a lot of
1102 |1101 |01:43:06 ~-~-> 01:43:10 |these types of exercises. It's not a matter of being right or wrong. It's a
1103 |1102 |01:43:10 ~-~-> 01:43:14 |matter of desensitizing yourself to it. You don't want to be in here trying to
1104 |1103 |01:43:14 ~-~-> 01:43:18 |be accurate on every single one, because it's not realistic for you. Caleb, you
1105 |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
1106 |1105 |01:43:22 ~-~-> 01:43:28 |tried to go lower, like taking this low out here. This low was taken out here,
1107 |1106 |01:43:28 ~-~-> 01:43:31 |but this low did not take out that low. And we have clean highs that could be
1108 |1107 |01:43:31 ~-~-> 01:43:38 |easily trailed to for buy stops that are used more or less they protect the
1109 |1108 |01:43:38 ~-~-> 01:43:44 |people that are short. So all the movement here. Anyone that's short up in
1110 |1109 |01:43:44 ~-~-> 01:43:50 |here or shorted there, that's actually a nice one. As the market went lower, they
1111 |1110 |01:43:50 ~-~-> 01:43:55 |created these smooth highs here, and they took price below here. So traders
1112 |1111 |01:43:55 ~-~-> 01:44:02 |that use this as a sell stop to get short. Their short position is triggered
1113 |1112 |01:44:02 ~-~-> 01:44:08 |to get them in when it went below that low right there. So retail is thinking
1114 |1113 |01:44:08 ~-~-> 01:44:12 |that it's going to keep going lower, because they've watched what they've
1115 |1114 |01:44:12 ~-~-> 01:44:17 |watched, all this movement go lower, and by having that break out below to the
1116 |1115 |01:44:17 ~-~-> 01:44:23 |downside like that, it it provides them a trust factor that is in a lot of ways,
1117 |1116 |01:44:23 ~-~-> 01:44:32 |it's like bait. I don't know how to describe any of the word escapes now,
1118 |1117 |01:44:32 ~-~-> 01:44:39 |I'll probably have a better analogy once we close the stream now, but the you can
1119 |1118 |01:44:39 ~-~-> 01:44:46 |reduce this the stop now. It should not go back inside of the fair value gap. If
1120 |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
1121 |1120 |01:44:52 ~-~-> 01:44:54 |something that's going to always pan out. When you do it with your Live
1122 |1121 |01:44:54 ~-~-> 01:44:59 |account and going in, you're submitting yourself to what is the market doing,
1123 |1122 |01:44:59 ~-~-> 01:45:03 |and what's it most like? Really do everybody, primarily has made money
1124 |1123 |01:45:03 ~-~-> 01:45:08 |being short today. So it's reasonable to expect the market will do what roll
1125 |1124 |01:45:08 ~-~-> 01:45:12 |against those positions that are in favor. That means the market's going to
1126 |1125 |01:45:12 ~-~-> 01:45:18 |try to go against those that are in profit for the purpose of taking them
1127 |1126 |01:45:18 ~-~-> 01:45:24 |out of it. When you do these exercises, Caleb, you're not trying to be right?
1128 |1127 |01:45:25 ~-~-> 01:45:28 |You're not trying to show Dad You made this much money. There is no dollar
1129 |1128 |01:45:28 ~-~-> 01:45:32 |targets that you're not aiming for, that you're not aiming for a harvest of
1130 |1129 |01:45:32 ~-~-> 01:45:36 |certain number of handles. You're not trying to do those types of things.
1131 |1130 |01:45:36 ~-~-> 01:45:40 |You're just simply looking for an exercise where you've taken entered.
1132 |1131 |01:45:40 ~-~-> 01:45:45 |Reach for the take reach for the trades. Objective and get out and be done when I
1133 |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
1134 |1133 |01:45:49 ~-~-> 01:45:52 |it. I promise you when I know how to trade, when I know what the market's
1135 |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
1136 |1135 |01:45:56 ~-~-> 01:45:59 |chance to learn how to do I got to read all these fucking books. Got to watch
1137 |1136 |01:45:59 ~-~-> 01:46:03 |all these other live streamers learn how to do this stuff, fucking clowns. So
1138 |1137 |01:46:03 ~-~-> 01:46:10 |now, what do you do with the information? This is what you do. I'm
1139 |1138 |01:46:11 ~-~-> 01:46:20 |going to take these off because I want this chart to be clean. That would be a
1140 |1139 |01:46:20 ~-~-> 01:46:31 |primary example of just a first partial. Okay, one partial. If you go to the next
1141 |1140 |01:46:31 ~-~-> 01:46:35 |state, say you've been doing these examples or exercises every single day
1142 |1141 |01:46:35 ~-~-> 01:46:39 |for about two, three weeks, and you feel comfortable with it, you don't you don't
1143 |1142 |01:46:39 ~-~-> 01:46:45 |feel any anxiety. You don't feel any kind of nervousness, and you shouldn't
1144 |1143 |01:46:45 ~-~-> 01:46:48 |really, because, I mean, it's, it's demo number one, and you shouldn't be sharing
1145 |1144 |01:46:48 ~-~-> 01:46:52 |those results, not with me either. Don't share, don't email me your charts,
1146 |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
1147 |1146 |01:46:55 ~-~-> 01:46:58 |videos. Okay, I don't know what you're sending, and it could be a virus. I
1148 |1147 |01:46:58 ~-~-> 01:47:05 |don't do those things. But the next stage of your testing and doing drills
1149 |1148 |01:47:05 ~-~-> 01:47:10 |is that you would look for above here, what was the next liquidity? That's this
1150 |1149 |01:47:10 ~-~-> 01:47:16 |one here. So this would be first partial and then this would be Terminus. That's
1151 |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
1152 |1151 |01:47:20 ~-~-> 01:47:24 |partial objective, and then you're going to look for a tournaments where you're
1153 |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
1154 |1153 |01:47:27 ~-~-> 01:47:32 |need it to trade back to its old highs and attack these, these relative
1155 |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
1156 |1155 |01:47:41 ~-~-> 01:47:54 |can frame the trade minimum, it's got to be able to move 20 handles. The range
1157 |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
1158 |1157 |01:47:59 ~-~-> 01:48:05 |at least this much movement potential, where it can traverse from one price
1159 |1158 |01:48:05 ~-~-> 01:48:09 |point where you expect to get in to where you think it's going to reach for
1160 |1159 |01:48:09 ~-~-> 01:48:14 |and it need not even go to that target. It has to afford you this much range.
1161 |1160 |01:48:14 ~-~-> 01:48:20 |Now, we were down here, and I told you, try to hammer it with the market, market
1162 |1161 |01:48:20 ~-~-> 01:48:24 |order. You're not going to get this price, as I'm going to show you here.
1163 |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
1164 |1163 |01:48:35 ~-~-> 01:48:39 |traded in front of people live in live stream before. Okay, I don't know why
1165 |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
1166 |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
1167 |1166 |01:48:47 ~-~-> 01:48:50 |what I'm teaching at the time hasn't been entries. This week we're doing
1168 |1167 |01:48:50 ~-~-> 01:48:59 |entries. So this candlesticks low, all right, look up here. It's this value,
1169 |1168 |01:48:59 ~-~-> 01:49:10 |right here. That is this candlestick low. That's 339.25 so 19,339.25 that's
1170 |1169 |01:49:10 ~-~-> 01:49:16 |the ideal entry you're trying to get at that price plus one tick. So that would
1171 |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
1172 |1171 |01:49:28 ~-~-> 01:49:37 |handles with my fill. Am I saying that right? Got I gotta check myself here.
1173 |1172 |01:49:37 ~-~-> 01:49:43 |Hold on, my actual fill was 342, I want to make sure I say anything incorrect,
1174 |1173 |01:49:43 ~-~-> 01:49:47 |because I'm giving you very specific rules, and it would be very upsetting to
1175 |1174 |01:49:47 ~-~-> 01:49:51 |me, because my obsessive compulsive disorder would start firing me. Keep
1176 |1175 |01:49:51 ~-~-> 01:49:54 |this down here so you can see, straighten up into that minor by side.
1177 |1176 |01:49:55 ~-~-> 01:50:02 |So I'm just like time travel. So 342, 342, Two minus three, three, 9.50
1178 |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.
1179 |1178 |01:50:20 ~-~-> 01:50:27 |Okay, so the trade had $50 or not draw down the difference between the actual
1180 |1179 |01:50:27 ~-~-> 01:50:34 |fill in my target. The trade itself had basically no drawdown from the time of
1181 |1180 |01:50:34 ~-~-> 01:50:39 |entry. It literally was just hanging around and then took off. So how can we
1182 |1181 |01:50:39 ~-~-> 01:50:43 |test that? Like, how can we test the amount of drawdown that we were in? Let
1183 |1182 |01:50:43 ~-~-> 01:50:46 |me stay here long enough to see that minor buy side hit first.
1184 |1183 |01:50:55 ~-~-> 01:51:04 |You're learning Pat ready to lose your money. You Oh, you're about to be
1185 |1184 |01:51:10 ~-~-> 01:51:21 |come on. That song kiss me always comes to uh, sixpence None the Richer, and
1186 |1185 |01:51:22 ~-~-> 01:51:29 |Booyah. Who is your daddy, your damn right? Is Poppy ICT. You watching that?
1187 |1186 |01:51:29 ~-~-> 01:51:33 |You watching that? Over here on top step, I'm whooping his ass, guys, I'm
1188 |1187 |01:51:33 ~-~-> 01:51:38 |whooping his ass. So anyway, look at this from what we're trying to get in
1189 |1188 |01:51:38 ~-~-> 01:51:53 |at, right? There. Come on now, change that the green. So we kind of flesh this
1190 |1189 |01:51:53 ~-~-> 01:51:59 |out, so Caleb can get a feel for what I'm talking about. All right. So what
1191 |1190 |01:51:59 ~-~-> 01:52:05 |I'm essentially saying, here is, this is where I saw the price. Okay, I saw that
1192 |1191 |01:52:05 ~-~-> 01:52:09 |price. Let me stop. Let me stop for a second. Okay? Because I know right now
1193 |1192 |01:52:09 ~-~-> 01:52:12 |you're all giddy as shit. You're like, what the fuck it just happened? He did
1194 |1193 |01:52:12 ~-~-> 01:52:15 |it live. It worked exactly like that. It was perfect. Those are You're right.
1195 |1194 |01:52:15 ~-~-> 01:52:20 |It's every fucking time I want a ditty like this, okay, what you need to grow
1196 |1195 |01:52:20 ~-~-> 01:52:26 |into is doing it without that excitement. When it needs to be boring.
1197 |1196 |01:52:26 ~-~-> 01:52:31 |Focus on that. Because if we're if we're meeting every day and you have that
1198 |1197 |01:52:31 ~-~-> 01:52:38 |feeling of excitement, you're doing it wrong. You have to come in bored. It's
1199 |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
1200 |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
1201 |1200 |01:52:46 ~-~-> 01:52:53 |you're learning. Because if you go in with excited lot of fevered pitch
1202 |1201 |01:52:53 ~-~-> 01:52:58 |emotions, you can't think clearly, you won't be able to focus clearly, and
1203 |1202 |01:52:58 ~-~-> 01:53:03 |you're going to be reacting to things versus watching price deliver, and is it
1204 |1203 |01:53:03 ~-~-> 01:53:07 |giving you the feedback I'm going to cover in a second. But as I mentioned,
1205 |1204 |01:53:07 ~-~-> 01:53:11 |it's got to give you at least a 20 handle run of range potential. What does
1206 |1205 |01:53:11 ~-~-> 01:53:19 |that mean? That's when that candlestick closed here, the very next candle, when
1207 |1206 |01:53:19 ~-~-> 01:53:23 |it opened up right at that price, and it started to drop down. I told you that
1208 |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
1209 |1208 |01:53:30 ~-~-> 01:53:36 |want to feel every bit of the emotion. You want to feel that emotional jump, of
1210 |1209 |01:53:36 ~-~-> 01:53:41 |rush of adrenaline because it's going to hit you, even though it's demo, because
1211 |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
1212 |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
1213 |1212 |01:53:50 ~-~-> 01:53:53 |hands when you first start. That's the whole point of this week is to put you
1214 |1213 |01:53:53 ~-~-> 01:53:58 |in front of the charts and doing these exercises. I'm literally going to pick
1215 |1214 |01:53:58 ~-~-> 01:54:01 |the wrong ones on purpose, because I want Caleb when he's watching them,
1216 |1215 |01:54:02 ~-~-> 01:54:06 |there's only sometimes he can see them. He has certain days off that will afford
1217 |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
1218 |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
1219 |1218 |01:54:16 ~-~-> 01:54:22 |watching live, I'm going to, I'm going to ask him to look at this particular
1220 |1219 |01:54:22 ~-~-> 01:54:27 |fair value guy, and it may or may not be something that you agree with. That's
1221 |1220 |01:54:27 ~-~-> 01:54:33 |why I'm telling you. And I just remembered shit, especially now you all
1222 |1221 |01:54:33 ~-~-> 01:54:37 |love me now, right? I'm all I'm everybody's daddy. Now I was supposed to
1223 |1222 |01:54:37 ~-~-> 01:54:42 |start the live stream off with a warning, you are not just you're not to
1224 |1223 |01:54:42 ~-~-> 01:54:46 |take the trades that I'm doing. Okay, please don't do that. If you've already
1225 |1224 |01:54:46 ~-~-> 01:54:51 |sent me a comment, either on Twitter or left a comment in my community post or
1226 |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
1227 |1226 |01:54:59 ~-~-> 01:55:03 |made money. Okay? Because what that's going to do is going to get in my head,
1228 |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
1229 |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
1230 |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,
1231 |1230 |01:55:16 ~-~-> 01:55:19 |leaning over to the person next to it, man who's had a tree, keep that to
1232 |1231 |01:55:19 ~-~-> 01:55:22 |yourself. Please. Keep it to yourself. Okay, I'm not out here trying to be a
1233 |1232 |01:55:22 ~-~-> 01:55:25 |signal service this week, but I completely forgot about it, and I
1234 |1233 |01:55:25 ~-~-> 01:55:32 |apologize again. That's the second error today for me. I should have started this
1235 |1234 |01:55:32 ~-~-> 01:55:36 |live stream off with, please don't take these trades and trade with your real
1236 |1235 |01:55:36 ~-~-> 01:55:41 |money or your fund accounts. Please don't do that. And I don't want to hear
1237 |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
1238 |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
1239 |1238 |01:55:48 ~-~-> 01:55:51 |never see another comment from you. You might think that it's something I want
1240 |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
1241 |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?
1242 |1241 |01:55:57 ~-~-> 01:56:01 |So that way we understand the dichotomy and the the relationship boundaries
1243 |1242 |01:56:01 ~-~-> 01:56:07 |here. So now, with that out of the way, I apologize, but I really messed that up
1244 |1243 |01:56:07 ~-~-> 01:56:15 |today. The low is what I'm anchoring this 20 pip range, theoretically is what
1245 |1244 |01:56:15 ~-~-> 01:56:22 |that means. So if I'm aiming for these relative equal highs as a first partial
1246 |1245 |01:56:22 ~-~-> 01:56:27 |target, Caleb, that means, what I'm saying is is, this is where I want to
1247 |1246 |01:56:27 ~-~-> 01:56:32 |hold my faith in seeing the price reach up to. I believe that the market could
1248 |1247 |01:56:32 ~-~-> 01:56:36 |reach up to, to knock out the stocks that would be trailed lower on anyone
1249 |1248 |01:56:36 ~-~-> 01:56:39 |that's short. And I think I kind of explained that to you, and it should
1250 |1249 |01:56:39 ~-~-> 01:56:42 |have been understandable, but now you can see how they did, in fact, do that
1251 |1250 |01:56:42 ~-~-> 01:56:48 |very thing. So the buy side here is your initial draw from where you're trying to
1252 |1251 |01:56:48 ~-~-> 01:56:54 |get in at with that fair value gap. Let me take this away for a second, and
1253 |1252 |01:56:54 ~-~-> 01:57:01 |we'll take the execution off for a second. So from this candlesticks high,
1254 |1253 |01:57:01 ~-~-> 01:57:05 |and that candlestick right there is low. Can you see that? That's the That's a
1255 |1254 |01:57:05 ~-~-> 01:57:12 |fair value gap, but it's a buy side imbalance, sell side efficiency. So if
1256 |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
1257 |1256 |01:57:17 ~-~-> 01:57:23 |by itself, it's sharing no space. Or, let me say it this way. This the space
1258 |1257 |01:57:23 ~-~-> 01:57:26 |between this candle is high and that candles low is not being shared in any
1259 |1258 |01:57:26 ~-~-> 01:57:32 |other candlestick after it's formed. And then on this candlestick it came down
1260 |1259 |01:57:32 ~-~-> 01:57:39 |and touched this candlesticks low, which is three, three, 9.25 the next candle to
1261 |1260 |01:57:39 ~-~-> 01:57:46 |the to write of it is, see every single time, every single time that candlestick
1262 |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,
1263 |1262 |01:57:51 ~-~-> 01:57:56 |because it would have been my fill one tick above that, which is what, three,
1264 |1263 |01:57:56 ~-~-> 01:58:02 |three, 9.50 but can you see that that fair value gap is there. Were you here
1265 |1264 |01:58:02 ~-~-> 01:58:06 |live when I was explaining it to you? Watch it, watching it for him. As soon
1266 |1265 |01:58:06 ~-~-> 01:58:09 |as you see this candlestick close, the next candlestick, as soon as it opens
1267 |1266 |01:58:09 ~-~-> 01:58:15 |up, my mind is immediate, bang. I'm watching that. I want to see that price
1268 |1267 |01:58:15 ~-~-> 01:58:21 |tick. Once it books that price and offers it to me, mark it in plus one
1269 |1268 |01:58:21 ~-~-> 01:58:28 |tick, obviously. So if it would have dropped down into the halfway point,
1270 |1269 |01:58:29 ~-~-> 01:58:33 |that makes this fair value gap. If it would have went down into the halfway
1271 |1270 |01:58:33 ~-~-> 01:58:36 |point level, I would say, hypothetically, this is where I would
1272 |1271 |01:58:36 ~-~-> 01:58:39 |add. But I can't do it because I'm giving examples. To kill the practice.
1273 |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
1274 |1273 |01:58:44 ~-~-> 01:58:48 |doing this. And it's not about being right, son, I don't care that you take
1275 |1274 |01:58:48 ~-~-> 01:58:53 |losses. It's not about that. It's about seeing it in the chart and engaging with
1276 |1275 |01:58:53 ~-~-> 01:58:58 |it. Because everybody's losing trades in the beginning. Everybody's going to do
1277 |1276 |01:58:58 ~-~-> 01:59:00 |it wrong in the beginning, but the way you learn how to do it correctly is
1278 |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
1279 |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
1280 |1279 |01:59:10 ~-~-> 01:59:14 |would be huge, and I would never be satisfied with the delivery of how I
1281 |1280 |01:59:14 ~-~-> 01:59:20 |would have to explain it. I can put static charts into a book. I can give
1282 |1281 |01:59:20 ~-~-> 01:59:26 |you the details, but it's not the same as seeing it live, watching how fucking
1283 |1282 |01:59:26 ~-~-> 01:59:32 |precise it is. Tell me, okay, tell me. How many times have you been into a
1284 |1283 |01:59:32 ~-~-> 01:59:38 |trade using anything else, and you get in and it's drawing against you, drawing
1285 |1284 |01:59:38 ~-~-> 01:59:41 |against you. You're going and draw down, or it's just sitting around. It won't
1286 |1285 |01:59:41 ~-~-> 01:59:45 |move for you. It's just sitting around saying, I don't fucking trade like that.
1287 |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
1288 |1287 |01:59:50 ~-~-> 01:59:55 |to know when the market is likely to move. It needs to move, and it needs to
1289 |1288 |01:59:55 ~-~-> 02:00:01 |be on the basis of fucking time, days, time. Mr. And. Listen. You are in the
1290 |1289 |02:00:01 ~-~-> 02:00:08 |fucking matrix, and you're listening to fucking Neo what time? What time is that
1291 |1290 |02:00:08 ~-~-> 02:00:16 |candle? Oh shit, that's the 1050, 1110, macro. Holy shit. What did you say about
1292 |1291 |02:00:16 ~-~-> 02:00:20 |them? Macros? ICT, what did you say they're gonna do? What they're gonna run
1293 |1292 |02:00:20 ~-~-> 02:00:27 |for? Liquidity. Oh shit. What is that? Oh shit, what is that? That's somebody
1294 |1293 |02:00:27 ~-~-> 02:00:30 |that knows what the fuck is going on. That's somebody that knows the future.
1295 |1294 |02:00:31 ~-~-> 02:00:35 |That's the one with the authority. So sit your Raven ass down. So right here
1296 |1295 |02:00:35 ~-~-> 02:00:43 |we have a very, very low drawdown entry. That's perfect. Perfect. Absolutely
1297 |1296 |02:00:43 ~-~-> 02:00:53 |perfect. Over time, what you'll do is you'll see these gaps like this, and
1298 |1297 |02:00:53 ~-~-> 02:00:58 |then you'll look and see if the number one candle has a wick. This is extra
1299 |1298 |02:00:58 ~-~-> 02:00:59 |credit and no extra charge.
1300 |1299 |02:01:00 ~-~-> 02:01:04 |If this candlestick. I showed this to my my private mentorship students. This
1301 |1300 |02:01:04 ~-~-> 02:01:09 |morning, I was woken up on NASDAQ a long, short, long. I traded the Asian
1302 |1301 |02:01:09 ~-~-> 02:01:12 |session with them last night. I trade the london session with them. I trade
1303 |1302 |02:01:12 ~-~-> 02:01:16 |the New York session with them, and I just did this one too, honey. I know it
1304 |1303 |02:01:16 ~-~-> 02:01:20 |just looks like it's too good to be true. I know it just looks like that.
1305 |1304 |02:01:20 ~-~-> 02:01:27 |But I see red when I want to see red period, this wick right here. You want
1306 |1305 |02:01:27 ~-~-> 02:01:31 |to see arrogance, motherfuckers. I'm showing it to you. This wick right
1307 |1306 |02:01:31 ~-~-> 02:01:36 |there, there to there. I'm going to take the quadrants off. I want to see
1308 |1307 |02:01:36 ~-~-> 02:01:41 |somebody trade like this. I want to see some my trade like this. I want to see
1309 |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
1310 |1309 |02:01:46 ~-~-> 02:01:51 |that shit. Oh bro. Shut up. Shut up, bro. Show me your after the fact. Shit.
1311 |1310 |02:01:52 ~-~-> 02:01:56 |Fuck all that. We're in a different year now, if your mentors are not coming out
1312 |1311 |02:01:56 ~-~-> 02:01:59 |here proven, did they know the algorithm, they can do this kind of
1313 |1312 |02:01:59 ~-~-> 02:02:03 |shit. Fire them. Fucking fire them. They're not worth your money, and they
1314 |1313 |02:02:03 ~-~-> 02:02:08 |sure it's fucking worth your fucking time. This wick right there, consequent
1315 |1314 |02:02:08 ~-~-> 02:02:12 |encroachment. You will learn over time trusting this Caleb, but you can't trust
1316 |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
1317 |1316 |02:02:16 ~-~-> 02:02:20 |won't need to place your stop loss below the number two candles low. You can use
1318 |1317 |02:02:20 ~-~-> 02:02:24 |one tick below the consequence on that wick right there, because it's a gap.
1319 |1318 |02:02:25 ~-~-> 02:02:30 |It's two layers of gaps, and it's already likely to only trade in the
1320 |1319 |02:02:30 ~-~-> 02:02:34 |upper half. And if we see it trade down here like that, and run up. If you
1321 |1320 |02:02:34 ~-~-> 02:02:38 |started your stop loss there, you can roll it just below there. And then as
1322 |1321 |02:02:38 ~-~-> 02:02:44 |you leave this high, then you can place your stop loss near the lower quadrant
1323 |1322 |02:02:44 ~-~-> 02:02:51 |of the fair value gap. And that's, that's this, okay? Now it's this. You
1324 |1323 |02:02:51 ~-~-> 02:02:55 |have to always grade your inefficiencies, okay? And by grading,
1325 |1324 |02:02:55 ~-~-> 02:02:58 |then you're, what you're doing is you're putting the lower quadrant, upper
1326 |1325 |02:02:58 ~-~-> 02:03:03 |quadrant in like that. Okay, so when you're bullish, the best, perfect
1327 |1326 |02:03:03 ~-~-> 02:03:08 |scenario is the market only drops in to the upper half of that gap, and it
1328 |1327 |02:03:08 ~-~-> 02:03:12 |leaves that lower half untouched. And that's indicating that it's extremely
1329 |1328 |02:03:12 ~-~-> 02:03:15 |bullish. You're on side. You don't need to be afraid of getting stopped out. You
1330 |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
1331 |1330 |02:03:18 ~-~-> 02:03:23 |doing is you're watching price action deliver? Does it take this short term
1332 |1331 |02:03:23 ~-~-> 02:03:29 |high? Yeah, it runs right to it opens. Does it overtake this wick quickly? Yep,
1333 |1332 |02:03:29 ~-~-> 02:03:35 |where's it drawn to the liquidity I told you to? And it rallies up and it
1334 |1333 |02:03:35 ~-~-> 02:03:43 |consolidates. It's consolidating where? Inside liquidity, inside the proximity
1335 |1334 |02:03:43 ~-~-> 02:03:48 |of where these minor buy stops were. That's buy side liquidity. It's
1336 |1335 |02:03:48 ~-~-> 02:03:54 |accumulating what new longs descended up into the minor buy side I gave you here,
1337 |1336 |02:03:54 ~-~-> 02:04:04 |and they had this little move here. Now I want to take you into a 15 second
1338 |1337 |02:04:04 ~-~-> 02:04:14 |chart here. Have you ever seen ICT take a trade lie? You never see ICT ever take
1339 |1338 |02:04:14 ~-~-> 02:04:18 |a trade live. You never see him explain this stuff. These guys a fraud. He is
1340 |1339 |02:04:18 ~-~-> 02:04:24 |such a fraud. This guy is such a fraud. Don't, ever, ever, ever listen to ICT.
1341 |1340 |02:04:24 ~-~-> 02:04:29 |Ever, don't ever do that. Alright, so here is the fill, right here. Where's
1342 |1341 |02:04:30 ~-~-> 02:04:35 |the little tick? Yeah, there it is. If you look real close, right, right where
1343 |1342 |02:04:35 ~-~-> 02:04:39 |I'm showing my cursor moving around, you'll see the little carrot thing pop
1344 |1343 |02:04:39 ~-~-> 02:04:46 |up right there. You see that that's my actual fill. So the market opened on
1345 |1344 |02:04:46 ~-~-> 02:04:49 |that candlestick and went down. I'm actually going to go into a one second
1346 |1345 |02:04:49 ~-~-> 02:04:53 |chart, one second ready.
1347 |1346 |02:04:59 ~-~-> 02:05:05 |Then. You having fun today? So many people. He ain't going to trade watch.
1348 |1347 |02:05:05 ~-~-> 02:05:08 |He's going to get sick. He's going to get the flu. Something's going to
1349 |1348 |02:05:08 ~-~-> 02:05:12 |happen. He's going to get laryngitis. He's going to lose his ability to speak,
1350 |1349 |02:05:12 ~-~-> 02:05:19 |his internet's going to go down. Well, shit, you got all kinds of things that
1351 |1350 |02:05:19 ~-~-> 02:05:23 |you're going to make. Us a conjecture was, what are you gonna say now? We're
1352 |1351 |02:05:23 ~-~-> 02:05:26 |gonna say now, bro, all right. So what we're doing is looking at that little,
1353 |1352 |02:05:26 ~-~-> 02:05:32 |tiny, little candlestick right there. You see that right there? So from that
1354 |1353 |02:05:32 ~-~-> 02:05:36 |entry on that candlestick right at we'll just call it the high that one. Okay,
1355 |1354 |02:05:36 ~-~-> 02:05:40 |this is the lowest tick right there. That price is,
1356 |1355 |02:05:46 ~-~-> 02:06:00 |340.25 so literally point seven, five or 1.75 less than two handles draw down in
1357 |1356 |02:06:00 ~-~-> 02:06:06 |seconds, in literally seconds of drawdown in terms of time. And then the
1358 |1357 |02:06:06 ~-~-> 02:06:13 |market starts delivering on my in my favor, so that you may not need to do
1359 |1358 |02:06:13 ~-~-> 02:06:18 |this much information, but I always did like I wanted to see exactly how much
1360 |1359 |02:06:18 ~-~-> 02:06:25 |time it took for my trades, because you don't trade like this, doing what
1361 |1360 |02:06:25 ~-~-> 02:06:30 |everybody else does. If you're doing what everybody else does, you're never
1362 |1361 |02:06:30 ~-~-> 02:06:33 |going to have these kind of results. You need to be doing things that are
1363 |1362 |02:06:33 ~-~-> 02:06:38 |extraordinary. That means journaling, that means logging all the data. How
1364 |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
1365 |1364 |02:06:42 ~-~-> 02:06:50 |minute chart. So in this candlestick here at 1109, so inside the macro of
1366 |1365 |02:06:50 ~-~-> 02:06:53 |1050, to 1110, there is no algorithm, right? That's everybody's gonna say
1367 |1366 |02:06:53 ~-~-> 02:06:58 |there's no algorithm. You're listening to them. The candlestick here, that's
1368 |1367 |02:06:58 ~-~-> 02:07:06 |one minute, 234, minutes. Goes to target bang, if you're going to do the drill
1369 |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
1370 |1369 |02:07:09 ~-~-> 02:07:17 |just this week when you're studying Caleb to do your final Terminus. And
1371 |1370 |02:07:18 ~-~-> 02:07:21 |you're, in other words, you're looking for two stages of exits, you're always
1372 |1371 |02:07:21 ~-~-> 02:07:26 |going to look for one easy objective to reach for that's your first partial. And
1373 |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
1374 |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
1375 |1374 |02:07:35 ~-~-> 02:07:47 |that's one minute, 23456789, and 10 minutes. 10 minutes. So for $40 worth of
1376 |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
1377 |1376 |02:07:53 ~-~-> 02:07:58 |your broker. Okay, I'm not repping them, but I have experience with them, and I
1378 |1377 |02:07:58 ~-~-> 02:08:03 |don't, you know, I don't do funded account companies, but they charge with
1379 |1378 |02:08:03 ~-~-> 02:08:07 |fees per contract. It's $10 okay? You can argue and complain about whatever
1380 |1379 |02:08:07 ~-~-> 02:08:11 |that is in terms of what you think is affordable or not, but that's it. Is
1381 |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
1382 |1381 |02:08:17 ~-~-> 02:08:25 |it? 600 bucks or whatever? And you can see it's a paper trading account for the
1383 |1382 |02:08:27 ~-~-> 02:08:31 |compliance I'm not acting as a financial advisor. You. I'm not running a signal
1384 |1383 |02:08:31 ~-~-> 02:08:35 |service. I'm not claiming this was done with real money, but I'm showing you
1385 |1384 |02:08:35 ~-~-> 02:08:39 |with live data in front of everybody. I'm sure I'll probably have a pretty
1386 |1385 |02:08:39 ~-~-> 02:08:43 |sizable audience today, because they all want to come out and see me fail. This
1387 |1386 |02:08:43 ~-~-> 02:08:51 |is done with real, live price. It's nothing Market Replay and to only have
1388 |1387 |02:08:51 ~-~-> 02:09:00 |$50 total cost and drawdown to make $630 one way ticket, just like that. No heat,
1389 |1388 |02:09:01 ~-~-> 02:09:05 |none of that shit. Show me what your mentor can do, because I've been barking
1390 |1389 |02:09:05 ~-~-> 02:09:08 |for years and years and years, and they're still sitting on the fucking
1391 |1390 |02:09:08 ~-~-> 02:09:14 |porch. So 20 handles here, 20 handles that's enough to take that trade. You
1392 |1391 |02:09:14 ~-~-> 02:09:17 |can afford to take that trade, Caleb, because if your target's above that,
1393 |1392 |02:09:17 ~-~-> 02:09:23 |that's this is a really good setup, because it's literally almost twice as
1394 |1393 |02:09:23 ~-~-> 02:09:27 |much that you need in terms of the range. So where you're trying to get in
1395 |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
1396 |1395 |02:09:33 ~-~-> 02:09:36 |least have this much room, okay? And 20 handles is what's what's being shown
1397 |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,
1398 |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,
1399 |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
1400 |1399 |02:09:57 ~-~-> 02:10:01 |these sessions are going to be rather concise. Is because I don't want people
1401 |1400 |02:10:01 ~-~-> 02:10:05 |getting hopped up on goofballs wanting to have trade after trade after I know
1402 |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
1403 |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.
1404 |1403 |02:10:13 ~-~-> 02:10:20 |But today, this three of bone because I just want to twist the knife. I just
1405 |1404 |02:10:20 ~-~-> 02:10:23 |went twisting this is a little bit, and look them in their eyes and say, What
1406 |1405 |02:10:23 ~-~-> 02:10:28 |was that you were saying about what? Who's going to can't do what do this?
1407 |1406 |02:10:28 ~-~-> 02:10:31 |Don't talk about scribbling shit on charts and talking about this and
1408 |1407 |02:10:31 ~-~-> 02:10:34 |talking about that. Push a fucking button. Explain why it's going to do it
1409 |1408 |02:10:34 ~-~-> 02:10:39 |every individual candle. Make it so tight, very little drawdown, and let it
1410 |1409 |02:10:39 ~-~-> 02:10:44 |work in front of everybody. I didn't just learn this, folks. I didn't just
1411 |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
1412 |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
1413 |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
1414 |1413 |02:10:57 ~-~-> 02:11:01 |wait to watch you. I cannot wait to watch you do it, because I know there's
1415 |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
1416 |1415 |02:11:06 ~-~-> 02:11:10 |tiny, little, tiny, little fluctuation of a move that's all. That's very
1417 |1416 |02:11:10 ~-~-> 02:11:14 |little. But I guarantee you, the people that's going to talk shit or has talk
1418 |1417 |02:11:14 ~-~-> 02:11:18 |shit, they'll never be able to duplicate that. They'll never be able to duplicate
1419 |1418 |02:11:18 ~-~-> 02:11:22 |that. They'll never explain to you why it's going to happen to the very minute
1420 |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
1421 |1420 |02:11:26 ~-~-> 02:11:31 |these times, these times, because there is an algorithm, whether you want to
1422 |1421 |02:11:31 ~-~-> 02:11:36 |believe it or not, it is there, it is delivering price. And it doesn't matter
1423 |1422 |02:11:36 ~-~-> 02:11:39 |how much buying and selling is going on, it's going to price to these levels,
1424 |1423 |02:11:39 ~-~-> 02:11:44 |because it's scripted to do so. And yes, there will be printed orders where there
1425 |1424 |02:11:44 ~-~-> 02:11:47 |was handshaking between a buyer and a seller. They come together. Wonderful.
1426 |1425 |02:11:47 ~-~-> 02:11:50 |There's a transaction. It's booked to mark the market, but that didn't make
1427 |1426 |02:11:50 ~-~-> 02:11:54 |price go there. It just recorded its time when it was there at that time.
1428 |1427 |02:11:54 ~-~-> 02:11:59 |That's why it's called Time and Sales, motherfucker. I'll talk to you, to Omar.
1429 |1428 |02:11:59 ~-~-> 02:11:59 |I
1430 |1429 |02:12:05 ~-~-> 02:12:07 |I try this anonymous, like crazy.
1431