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Last modified by Drunk Monkey on 2024-09-25 09:33
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2 |1 |00:01:00 ~-~-> 00:01:18 |ICT: Good morning, folks, guys, can give me a heads up on Twitter, if you can
3 |2 |00:01:18 ~-~-> 00:01:28 |hear me, you Good morning. Good morning. Good morning.
4 |3 |00:01:37 ~-~-> 00:01:38 |Can you hear me? Hello, testing. I
5 |4 |00:01:44 ~-~-> 00:01:55 |All right, there's the opening bell. Can you guys hear me? Hello, yeah. I'm not
6 |5 |00:01:55 ~-~-> 00:01:59 |sure why the volume's not higher, so leaving comments and telling me that the
7 |6 |00:01:59 ~-~-> 00:02:03 |volume's low, I can't help you, everything's set to its maximum setting
8 |7 |00:02:03 ~-~-> 00:02:03 |to
9 |8 |00:02:09 ~-~-> 00:02:13 |all right lower left hand corner. Five minute chart. We have a opening range,
10 |9 |00:02:13 ~-~-> 00:02:15 |gap premium opium. I
11 |10 |00:02:32 ~-~-> 00:02:46 |Okay, sweeping Friday's high once more you look on the set minute time frame,
12 |11 |00:02:46 ~-~-> 00:02:51 |15 in time frame. We have it in. Well, get the
13 |12 |00:02:56 ~-~-> 00:03:03 |around the 850s got a bit of a migraine today, so my pace is going to be a
14 |13 |00:03:03 ~-~-> 00:03:08 |little bit slower. Some of you will probably you'll probably appreciate that
15 |14 |00:03:13 ~-~-> 00:03:14 |seasonal stuff. I
16 |15 |00:03:40 ~-~-> 00:03:51 |All right, so inside the opening range gap, which is presently shaded green,
17 |16 |00:03:51 ~-~-> 00:03:57 |but I change that because it's not what I want to to highlight. I keep the same
18 |17 |00:03:58 ~-~-> 00:04:03 |colors I'm using when I teach Caleb, not that I have this kind of stuff on my
19 |18 |00:04:03 ~-~-> 00:04:08 |chart is extremely distracting, but I don't know how else I can you draw
20 |19 |00:04:08 ~-~-> 00:04:12 |attention to certain things unless I put lipstick all over this stuff. So, all
21 |20 |00:04:19 ~-~-> 00:04:23 |right, today's topic is and as a reminder, I won't be live streaming
22 |21 |00:04:23 ~-~-> 00:04:28 |tomorrow, so it's the Fed's rate announcement that's something that I
23 |22 |00:04:28 ~-~-> 00:04:33 |would have my son completely avoid trading because he's too inexperienced.
24 |23 |00:04:36 ~-~-> 00:04:38 |So I won't be live streaming. To keep that I
25 |24 |00:04:45 ~-~-> 00:04:51 |as an enticement from him, you're welcome to obviously do that. I'm sure
26 |25 |00:04:53 ~-~-> 00:04:59 |everybody else will be streaming. But today's topic is going to be what
27 |26 |00:04:59 ~-~-> 00:05:04 |happens if you miss. Your your entry. So you're watching a particular time frame.
28 |27 |00:05:06 ~-~-> 00:05:09 |You get a green light that it's good for you to take a trade and just either you
29 |28 |00:05:09 ~-~-> 00:05:14 |sit still, you freeze up, you second guess it, or you turn the charts on
30 |29 |00:05:14 ~-~-> 00:05:20 |late, or you didn't notice it, and then it's now after the fact. So how do you
31 |30 |00:05:20 ~-~-> 00:05:25 |how do you work with that? So we'll be, we'll be dealing with that topic. If you
32 |31 |00:05:25 ~-~-> 00:05:29 |look at the five minute chart here in the lower left hand corner, I like that
33 |32 |00:05:29 ~-~-> 00:05:42 |sell side right here, and the September I'm assuming this is 16, really, because
34 |33 |00:05:44 ~-~-> 00:05:49 |I know it might be the right one. I don't trust the dates on these, so I'm
35 |34 |00:05:49 ~-~-> 00:05:55 |trying not to call attention to the dates. I'm also testing it to see if
36 |35 |00:05:55 ~-~-> 00:06:03 |they agree with the ones I have. But anyway, because we open up with a
37 |36 |00:06:03 ~-~-> 00:06:08 |premium gap opening range gap higher than previous day's settlement, it's
38 |37 |00:06:08 ~-~-> 00:06:12 |more it's most likely, you know, a 70% chance, that in the first 10, I'm sorry,
39 |38 |00:06:12 ~-~-> 00:06:18 |30 minutes before 10 o'clock, or by 10 o'clock, it trades to mid gap. So we're
40 |39 |00:06:18 ~-~-> 00:06:23 |looking for this price down here, and it's also pool liquidity resting on this
41 |40 |00:06:23 ~-~-> 00:06:24 |little base of price action.
42 |41 |00:06:34 ~-~-> 00:06:44 |So first presentation fair value gap is here, right there? So this is
43 |42 |00:06:52 ~-~-> 00:06:59 |hopefully, if all things are good this morning, I won't have a very long
44 |43 |00:06:59 ~-~-> 00:07:08 |session, which is my intended goal. And let's take the midline off of that,
45 |44 |00:07:08 ~-~-> 00:07:10 |because I want to see it.
46 |45 |00:07:15 ~-~-> 00:07:27 |There you go, and we're going to work primarily off of the one and 15 second
47 |46 |00:07:27 ~-~-> 00:07:31 |chart today. Now, I know some of you don't, you don't have it, don't have
48 |47 |00:07:31 ~-~-> 00:07:36 |access to it because of your, I guess, your plan, or whatever. You don't have
49 |48 |00:07:36 ~-~-> 00:07:44 |that function or feature for treating you. It's up to you to get it, but this
50 |49 |00:07:44 ~-~-> 00:07:50 |is what I'm teaching my son to work with. So you can apply this to something
51 |50 |00:07:50 ~-~-> 00:07:54 |like, if you were looking at a one hour chart, if you're a little bit larger
52 |51 |00:07:54 ~-~-> 00:07:59 |term trader in terms of the time frames, like you want to have a little bit
53 |52 |00:07:59 ~-~-> 00:08:05 |higher Time Frame because you believe foolishly, but it's okay. I understand,
54 |53 |00:08:05 ~-~-> 00:08:08 |but you think that these lower time frames are moving faster, and they're
55 |54 |00:08:08 ~-~-> 00:08:12 |not. They're not moving any faster than any other time frame. But if you'd like
56 |55 |00:08:12 ~-~-> 00:08:18 |to look for setups like, say, on an hourly chart, think of it as one. My one
57 |56 |00:08:18 ~-~-> 00:08:26 |minute is your hourly chart. Okay? And then you can use something like a 15
58 |57 |00:08:26 ~-~-> 00:08:31 |minute time frame or five minute chart to get into a move that you may have
59 |58 |00:08:31 ~-~-> 00:08:35 |missed on the hourly or say you're you're panning through and you see
60 |59 |00:08:35 ~-~-> 00:08:38 |something, oh, wow, I didn't see that set up there. I wish I would have saw
61 |60 |00:08:38 ~-~-> 00:08:45 |that, but it's now starting the mood. Now we're trading into first presented
62 |61 |00:08:45 ~-~-> 00:08:47 |fair value. Got here.
63 |62 |00:08:59 ~-~-> 00:09:05 |I really want to work inside of the out the 10 o'clock hour for silver bullet. I
64 |63 |00:09:05 ~-~-> 00:09:14 |want to use that information during that hour, but I'll wait till 950, 1010,
65 |64 |00:09:14 ~-~-> 00:09:23 |macro, so I'm purposely sitting still if the trade sets up, you know, I'm gonna
66 |65 |00:09:23 ~-~-> 00:09:29 |let it go, and then I'm gonna try to use the logic I'm trying to convey to Caleb
67 |66 |00:09:29 ~-~-> 00:09:33 |and all of you willing to listen, is how to get into a move that's already
68 |67 |00:09:33 ~-~-> 00:09:47 |happened to Start, or move which, in my opinion, is valuable. Skill set. No.
69 |68 |00:09:47 ~-~-> 00:09:54 |Daniel, not drinking from the Yeti, sorry. All right. So here we have this
70 |69 |00:09:54 ~-~-> 00:09:57 |candlesticks high. You're going to look at the value up here, upper right hand
71 |70 |00:09:57 ~-~-> 00:10:11 |corner chart. So the high value. On this candlestick is where we at 19,007 93 and
72 |71 |00:10:11 ~-~-> 00:10:20 |a half. We have yet to trade to number three candles high, which is 90,007 95
73 |72 |00:10:20 ~-~-> 00:10:26 |even. And this one, I think, is probably the same price as that. Yeah, same
74 |73 |00:10:26 ~-~-> 00:10:36 |highs. So we have to trade to technically 790, 4.75 we have not traded
75 |74 |00:10:36 ~-~-> 00:10:44 |there yet. We have not traded there yet. That's using my model. That's how I
76 |75 |00:10:44 ~-~-> 00:10:50 |would try to enter. If I'm aggressively trying to get into a trade, I have a
77 |76 |00:10:50 ~-~-> 00:10:54 |bias that would be bears. All I'm doing is giving you a reminder that we're
78 |77 |00:10:54 ~-~-> 00:11:00 |looking at mid gap down here. I And
79 |78 |00:11:06 ~-~-> 00:11:12 |let's do this change there. So I'll check my
80 |79 |00:11:17 ~-~-> 00:11:22 |Yeah, I'm good. So settlement, previous settlement opening price. Here's your
81 |80 |00:11:22 ~-~-> 00:11:30 |opening range gap, and then we'll braid it real quick, drop in the FIB one. So
82 |81 |00:11:30 ~-~-> 00:11:34 |then we have our upper quadrant we've already traded to. That's this right
83 |82 |00:11:34 ~-~-> 00:11:40 |here, and all the other time frames. And now go back to electronic trading hours.
84 |83 |00:11:43 ~-~-> 00:11:51 |My advice to Caleb is that if he's going to trade the day before FOMC, he needs
85 |84 |00:11:51 ~-~-> 00:11:55 |to do it in the morning session, which is fine, because that's his model. He
86 |85 |00:11:55 ~-~-> 00:12:05 |won't be trading the afternoons. I'd like to see this here jump up into that,
87 |86 |00:12:06 ~-~-> 00:12:07 |that fair value got there. I
88 |87 |00:12:28 ~-~-> 00:12:34 |the reason why I would encourage him to stay away from FOMC days is because he
89 |88 |00:12:35 ~-~-> 00:12:39 |doesn't have the experience, and most of you probably don't have the experience,
90 |89 |00:12:39 ~-~-> 00:12:45 |if we're being honest, I to not get excited about what you think you see in
91 |90 |00:12:45 ~-~-> 00:12:51 |the charts, because that day is very manipulated. And even after the fact,
92 |91 |00:12:51 ~-~-> 00:12:58 |okay, like it's a two stage delivery, 2pm tomorrow, the market's going to go
93 |92 |00:12:58 ~-~-> 00:13:02 |one direction. It's going to shoot either higher or lower. You don't know
94 |93 |00:13:02 ~-~-> 00:13:04 |which one they're going to do first. I don't know which one they're going to do
95 |94 |00:13:04 ~-~-> 00:13:12 |first. It's heavily manipulated in that 230 during the conference call. Pals a
96 |95 |00:13:12 ~-~-> 00:13:20 |little bit like me, he likes to talk a lot, so sometimes that 230 counter run.
97 |96 |00:13:20 ~-~-> 00:13:24 |So whatever usually happens at two o'clock 230 usually runs right over top
98 |97 |00:13:24 ~-~-> 00:13:27 |of that and goes the other direction. It's, it's usually not all the time, but
99 |98 |00:13:27 ~-~-> 00:13:30 |that's usually what happens, kind of like a Non Farm Payroll event. It's the
100 |99 |00:13:30 ~-~-> 00:13:36 |same thing, but it's a little bit more exaggerated. And if you're wrong, or if
101 |100 |00:13:36 ~-~-> 00:13:42 |you're over leveraged, you're you're probably going to regret that. And I
102 |101 |00:13:42 ~-~-> 00:13:46 |just want to include that in his early development stage, just to avoid the day
103 |102 |00:13:46 ~-~-> 00:13:49 |entirely. That way he can't be enticed to do anything. You can't feel any kind
104 |103 |00:13:49 ~-~-> 00:13:50 |of regret.
105 |104 |00:13:57 ~-~-> 00:14:04 |So what I was looking for is a run, because we had this low and then this
106 |105 |00:14:04 ~-~-> 00:14:08 |low here, trading down into the upper quadrant of the opening range gap. That
107 |106 |00:14:09 ~-~-> 00:14:12 |means the difference between 930s opening price, the very first tick,
108 |107 |00:14:12 ~-~-> 00:14:18 |opening print, today's trading and yesterday's settlement price, when the
109 |108 |00:14:18 ~-~-> 00:14:26 |market technically settles at 415 since there's no trading at 415 it's 414 is
110 |109 |00:14:26 ~-~-> 00:14:30 |the last print. So that's what you're looking for in your lower time frames.
111 |110 |00:14:30 ~-~-> 00:14:36 |So between those two times, that's what makes up the opening range gap. Opening
112 |111 |00:14:36 ~-~-> 00:14:47 |range is a 30 minute time interval, so up to 10 o'clock, and that's here, so we
113 |112 |00:14:47 ~-~-> 00:14:58 |still have some time there. You want to keep your expectations kind of light,
114 |113 |00:14:58 ~-~-> 00:15:07 |also the day before f1 See, it kind of goes without question that you would
115 |114 |00:15:07 ~-~-> 00:15:10 |anyone really want to go out there knowing that there's going to be such a
116 |115 |00:15:10 ~-~-> 00:15:14 |volatile delivery and price, like it's going to go all over the place tomorrow.
117 |116 |00:15:14 ~-~-> 00:15:21 |So if you believe in the adage of buying and selling pressure. Who, in their
118 |117 |00:15:21 ~-~-> 00:15:27 |right mind would be trying to position ahead large positions? Why would they
119 |118 |00:15:27 ~-~-> 00:15:32 |want to get into the marketplace ahead of something like tomorrow's FOMC rate
120 |119 |00:15:32 ~-~-> 00:15:36 |announcement? Like, why? Why would you want to do that? Why would they incur,
121 |120 |00:15:36 ~-~-> 00:15:46 |you know, unnecessary risk? They wouldn't alright. So there's the first
122 |121 |00:15:46 ~-~-> 00:15:53 |presented fair value gap, and I was explaining it off with the basis of this
123 |122 |00:15:53 ~-~-> 00:15:59 |low falling short of the upper quadrant level of the opening range gap. And then
124 |123 |00:15:59 ~-~-> 00:16:03 |it trades down to that sweeps that low, but it trades to the upper quadrant
125 |124 |00:16:03 ~-~-> 00:16:07 |level. And then we created this little, tiny, little fair value see that in the
126 |125 |00:16:07 ~-~-> 00:16:11 |lower left hand, which our lower right hand corner chart, when we were trading,
127 |126 |00:16:11 ~-~-> 00:16:14 |I said, I want to see it trade up in that fair value gap. This is kind of
128 |127 |00:16:14 ~-~-> 00:16:17 |like what I was hoping like trades by Matt guy would would try to trade like
129 |128 |00:16:17 ~-~-> 00:16:21 |that, because what he's aiming for, that's basically it. That's his whole
130 |129 |00:16:21 ~-~-> 00:16:25 |day. He's just sitting like that, and boom. I mean, it probably wouldn't be
131 |130 |00:16:25 ~-~-> 00:16:30 |good for business, for his live streams. He'd be in there now, okay, guys, see
132 |131 |00:16:30 ~-~-> 00:16:33 |you later in the OR, let's just talk about whatever, which is cool. I mean, I
133 |132 |00:16:33 ~-~-> 00:16:41 |love him. I think he's a a nice guy, no drama, The NASDAQ cowboy. I love his
134 |133 |00:16:41 ~-~-> 00:16:47 |song, like I listen to it. Sometimes I'm driving, I'm turning on this. Like,
135 |134 |00:16:47 ~-~-> 00:16:49 |that's actually a catchy little jingle.
136 |135 |00:16:57 ~-~-> 00:17:00 |But you'll see on a 15 second chart, if you can find one minute, five minute,
137 |136 |00:17:01 ~-~-> 00:17:05 |buy, sell, liquidity. And you want to write this part down, because, like I
138 |137 |00:17:05 ~-~-> 00:17:12 |said, I'm going to be waiting until we get into either the deeper half of the
139 |138 |00:17:12 ~-~-> 00:17:19 |950 to 1010, macro, before I look for anything, or after 10 o'clock. But we're
140 |139 |00:17:19 ~-~-> 00:17:23 |going to wrap it up at 1030 this morning. So that way it's a little bit
141 |140 |00:17:23 ~-~-> 00:17:27 |shorter. And I want to kind of keep to that. I know I say that, but I have to
142 |141 |00:17:27 ~-~-> 00:17:31 |force myself to do it, because Caleb can't. He can't keep up with with this
143 |142 |00:17:31 ~-~-> 00:17:36 |while he's working his job. So, but if you in your notes, you want to write
144 |143 |00:17:36 ~-~-> 00:17:42 |down for fair value, you got trading. You can do high frequency trading, and
145 |144 |00:17:42 ~-~-> 00:17:46 |it's not complicated. It's extremely easy. You can do it without a bias, and
146 |145 |00:17:47 ~-~-> 00:17:52 |the only thing you're doing is looking for relative equal highs on a five or
147 |146 |00:17:52 ~-~-> 00:17:57 |one minute chart, once you map them out in close proximity to where we're at
148 |147 |00:17:57 ~-~-> 00:18:03 |right now. So what would that look like? What you would have. We're going to use
149 |148 |00:18:03 ~-~-> 00:18:06 |the one minute chart. Okay, I'm going to maximize this for a moment.
150 |149 |00:18:22 ~-~-> 00:18:34 |And yeah, I'm ruining it for you. He's here's a guy on Instagram that has a
151 |150 |00:18:34 ~-~-> 00:18:39 |large, I don't know, I don't know if the followers are bots or what, but he has
152 |151 |00:18:40 ~-~-> 00:18:43 |my name, like he's pretending to be me. I'm not on Instagram at all. I'd
153 |152 |00:18:43 ~-~-> 00:18:47 |appreciate if you guys reported it. It's like a 200,000 follower account that's
154 |153 |00:18:47 ~-~-> 00:18:54 |not me, and he links my youtube channel like, like I would if it was me. So I'm
155 |154 |00:18:54 ~-~-> 00:18:57 |hoping that when people go there, they click on that link and they watch videos
156 |155 |00:18:57 ~-~-> 00:19:02 |like this, where I say, I'm not on Instagram. 2024 1024,
157 |156 |00:19:14 ~-~-> 00:19:15 |and then we'll do it in black. And
158 |157 |00:19:26 ~-~-> 00:19:29 |it giddy up. It doesn't
159 |158 |00:19:40 ~-~-> 00:19:41 |really work, well, does it
160 |159 |00:19:59 ~-~-> 00:20:07 |have. That's about saying about wanting to wait, waiting for a little bit more
161 |160 |00:20:07 ~-~-> 00:20:14 |time based delivery, if you're expecting this, just to go up there and fill like
162 |161 |00:20:15 ~-~-> 00:20:23 |I would do if I was aggressive, and it wasn't a day ahead of FOMC, getting in
163 |162 |00:20:23 ~-~-> 00:20:27 |that entry price there, you would have to endure this. And when you know what
164 |163 |00:20:27 ~-~-> 00:20:30 |you're doing and you understand the characteristics, you know what is going
165 |164 |00:20:30 ~-~-> 00:20:35 |to happen, you know the likelihood that a fair value gap, a PD array, it might
166 |165 |00:20:36 ~-~-> 00:20:40 |work through them. And that's not failure for the sake of the methodology.
167 |166 |00:20:40 ~-~-> 00:20:44 |It just means that it's going to color outside the lines and get a little
168 |167 |00:20:44 ~-~-> 00:20:52 |animated. And you can see that happening here, cell side here I'm
169 |168 |00:21:33 ~-~-> 00:21:42 |so that would be like a high frequency run to short term either five or one
170 |169 |00:21:42 ~-~-> 00:21:44 |minute, buy side or sell side. Liquidity,
171 |170 |00:21:49 ~-~-> 00:21:57 |using no bias, just zero bias, just looking for a price run that takes out
172 |171 |00:21:57 ~-~-> 00:22:01 |short term high, short term lows. And you can do that all day long and not
173 |172 |00:22:01 ~-~-> 00:22:07 |even have a not even have a bias. Or the daily session, I'm sorry, with the daily
174 |173 |00:22:07 ~-~-> 00:22:11 |candle or the session you're trading being like the New York session, the
175 |174 |00:22:11 ~-~-> 00:22:15 |morning session or the afternoon session, or if you're trading in the
176 |175 |00:22:15 ~-~-> 00:22:19 |lunch hour, and you can use the same thing like you don't have to be in here
177 |176 |00:22:20 ~-~-> 00:22:25 |sitting still and only trading on a higher timeframe bias. That's that's not
178 |177 |00:22:25 ~-~-> 00:22:32 |required. But you know, when you're first learning it helps, it gives a
179 |178 |00:22:32 ~-~-> 00:22:38 |framework. So now what I'm doing is I'm watching the this wick here, upper right
180 |179 |00:22:38 ~-~-> 00:22:47 |hand corner chart. I'm looking at this wick right there. I'm looking at the
181 |180 |00:22:47 ~-~-> 00:22:50 |765, and a quarter level,
182 |181 |00:22:57 ~-~-> 00:23:00 |because we traded up into first presented fear of a gap there. I know
183 |182 |00:23:00 ~-~-> 00:23:02 |some of you are probably Short right now.
184 |183 |00:23:19 ~-~-> 00:23:27 |This is the mid gap level down here. Let's do this.
185 |184 |00:23:42 ~-~-> 00:23:50 |I'm so mid gaps here and 10 o'clock here. So we'll see if we can get that
186 |185 |00:23:51 ~-~-> 00:23:54 |mid gap delivery by 10 o'clock.
187 |186 |00:24:02 ~-~-> 00:24:48 |I messing it all up for you guys out there wanting to make copies of these
188 |187 |00:24:48 ~-~-> 00:24:51 |things, put them on YouTube channel, and I push a button to get them taken
189 |188 |00:24:59 ~-~-> 00:25:07 |down. I. So you can think, think to yourself for a second, okay, there are
190 |189 |00:25:07 ~-~-> 00:25:10 |mornings where you'll get in, where you'll watch the price. There's the
191 |190 |00:25:10 ~-~-> 00:25:19 |delivery to make up. So 70% strike rate true today. And now we have the lower
192 |191 |00:25:19 ~-~-> 00:25:29 |quadrant level here at 694 and a half, so be our next downside objective.
193 |192 |00:25:38 ~-~-> 00:25:45 |These for the folks that make these overlays, then I don't want to call them
194 |193 |00:25:45 ~-~-> 00:25:49 |an indicator, because they're not really, not really doing anything like
195 |194 |00:25:50 ~-~-> 00:25:54 |except for reporting previous price points. They're not like, they're not
196 |195 |00:25:54 ~-~-> 00:26:01 |manipulating the data. All they're doing is plotting it. That's why I said
197 |196 |00:26:04 ~-~-> 00:26:09 |indicator slash overlay. Overlays are a more appropriate term for it, because if
198 |197 |00:26:10 ~-~-> 00:26:14 |you're doing anything to manipulate the data at all, it's not something I would
199 |198 |00:26:14 ~-~-> 00:26:19 |do. So I don't trade with indicators. But if you are making these, or if
200 |199 |00:26:19 ~-~-> 00:26:22 |you're the author of this one, and I'll show you which one this is, so you'll
201 |200 |00:26:22 ~-~-> 00:26:29 |recognize it right away. This person here. You want these a little bit
202 |201 |00:26:29 ~-~-> 00:26:33 |further away from price. This is too it's too close. It's very distracting
203 |202 |00:26:33 ~-~-> 00:26:38 |for me. So I don't know if it, if it's a both or something for anyone else, but
204 |203 |00:26:39 ~-~-> 00:26:44 |you need to have it in a way. I would prefer having it set up the same way. A
205 |204 |00:26:47 ~-~-> 00:26:52 |this thing here the ray. Whenever you put that on your chart, it's always
206 |205 |00:26:52 ~-~-> 00:26:56 |going to if you put the annotation to the middle and on the right, it'll
207 |206 |00:26:56 ~-~-> 00:26:59 |always be on the right side of your chart, always at the first extreme.
208 |207 |00:26:59 ~-~-> 00:27:02 |That's how it should be. It should always be like that. And then you'd have
209 |208 |00:27:03 ~-~-> 00:27:07 |the the luxury of moving the chart around with the price to bring it closer
210 |209 |00:27:07 ~-~-> 00:27:12 |to the annotation these. I don't know if you can do that in Pine script, but the
211 |210 |00:27:12 ~-~-> 00:27:19 |that, that's my opinion, that's how it should be. Okay. So we worked, we worked
212 |211 |00:27:19 ~-~-> 00:27:26 |lower. Got close to lower quadrant, but the small, little gap here on the 15
213 |212 |00:27:26 ~-~-> 00:27:32 |second chart, and then now we're back in the high of that new, new week, opening
214 |213 |00:27:32 ~-~-> 00:27:38 |gap. I was tempted to go in here today completely naked on the charts and have
215 |214 |00:27:38 ~-~-> 00:27:46 |nothing on here, but it's pounding me today, so I would feel the impulse to
216 |215 |00:27:46 ~-~-> 00:27:52 |just try to put more stuff on the chart myself, and I want to do it so we have a
217 |216 |00:27:52 ~-~-> 00:28:01 |couple more minutes before 10 o'clock. We have a short term high here with a
218 |217 |00:28:01 ~-~-> 00:28:03 |civic sell side, imbalanced by side and efficiency.
219 |218 |00:28:14 ~-~-> 00:28:25 |So so far, keeping with the logic we can let trades go. In other words, you can
220 |219 |00:28:25 ~-~-> 00:28:31 |see them coming. You see them formed, set up all that business first presented
221 |220 |00:28:31 ~-~-> 00:28:40 |fair value gap here, 933 so I made this mistake yesterday, and I talked about
222 |221 |00:28:40 ~-~-> 00:28:46 |how one of the candlesticks I pointed to was in the correct time, and it it's
223 |222 |00:28:46 ~-~-> 00:28:49 |because I'm talking live over the chart, and I have so many things I want to talk
224 |223 |00:28:49 ~-~-> 00:28:53 |while the one minute chart was booking price. So I'm constantly getting
225 |224 |00:28:53 ~-~-> 00:28:58 |information from what price is dealing and I'm trying to imitate and talk and
226 |225 |00:28:58 ~-~-> 00:29:01 |give you answer questions I know that's going to come up by based on whatever
227 |226 |00:29:01 ~-~-> 00:29:07 |I'm just said moments ago, and also keeping in line with what I present for
228 |227 |00:29:07 ~-~-> 00:29:14 |that, that lecture. So it's fine that, you know, I made the mistake of calling
229 |228 |00:29:14 ~-~-> 00:29:17 |it the initial fair value gap, where first president present the fair value
230 |229 |00:29:17 ~-~-> 00:29:23 |gap, but it doesn't change anything. It's not like it would have caused a
231 |230 |00:29:23 ~-~-> 00:29:26 |losing trade or something like that. But I did make the mistake, and I corrected
232 |231 |00:29:26 ~-~-> 00:29:34 |myself in the stream. I had probably 900 comments on yesterday's stream. Not you
233 |232 |00:29:34 ~-~-> 00:29:39 |could leave comments on that stream, but on other posts on my YouTube channel,
234 |233 |00:29:39 ~-~-> 00:29:42 |where they were they could leave a comment. They were saying it. Everybody
235 |234 |00:29:42 ~-~-> 00:29:53 |likes to correct me. The the first present, if everybody got here, is
236 |235 |00:29:53 ~-~-> 00:29:59 |obviously this candle here. That's candle stick number two. So to get Sure.
237 |236 |00:30:00 ~-~-> 00:30:06 |I told you I wanted to see the move start like I'm letting it go. I told you
238 |237 |00:30:06 ~-~-> 00:30:13 |that this price here would have to trade to 794 point you're watching this price
239 |238 |00:30:13 ~-~-> 00:30:19 |up here the high to use my entry technique, it would have been shorting
240 |239 |00:30:19 ~-~-> 00:30:28 |as it slammed into 19,007 94.75 you may elect to trade a seldom order. That's
241 |240 |00:30:28 ~-~-> 00:30:35 |what that would be at that price, 795, or higher, you could try to get the
242 |241 |00:30:35 ~-~-> 00:30:39 |consequent encouragement, but it might not go there. You can try to get the
243 |242 |00:30:39 ~-~-> 00:30:44 |lower quadrant. That's probably a good price to reach for. Or if you're really,
244 |243 |00:30:45 ~-~-> 00:30:52 |I guess greedy, you can go in there and try to get the upper portion of of this
245 |244 |00:30:52 ~-~-> 00:31:02 |gap. You can see, we just created a mohawk, so you can anticipate when the
246 |245 |00:31:02 ~-~-> 00:31:06 |market will color outside the PD arrays. You see these jokers out there? I'll
247 |246 |00:31:06 ~-~-> 00:31:10 |say, Look, you know, you're seeing your your PD arrays getting run through.
248 |247 |00:31:10 ~-~-> 00:31:14 |That's part of what you're doing. You're watching how it interprets that. How
249 |248 |00:31:14 ~-~-> 00:31:20 |does it deliver around it kind of like if, if you're looking for a you running.
250 |249 |00:31:26 ~-~-> 00:31:36 |I'm running a little bit slower today. Be it's like a faint, okay, like, like a
251 |250 |00:31:36 ~-~-> 00:31:43 |boxer might act like he's gonna throw a certain punch and or a pitcher, you
252 |251 |00:31:43 ~-~-> 00:31:46 |know, they throw a certain kind of pitch that makes the batter think, okay, it's
253 |252 |00:31:46 ~-~-> 00:31:50 |coming right there, and then it just drops down, okay? Or it curves. It's
254 |253 |00:31:50 ~-~-> 00:31:54 |got, yeah, that's basically the, what I'm saying is the I will allow the
255 |254 |00:31:54 ~-~-> 00:31:58 |market to throw a curveball, and my PD arrays will get colored outside the
256 |255 |00:31:58 ~-~-> 00:32:06 |lines, the Mohawk here, going above that fair value gap. Ideally, it stays inside
257 |256 |00:32:06 ~-~-> 00:32:10 |of it. And many times, when we don't have these environments, which is the
258 |257 |00:32:10 ~-~-> 00:32:16 |day before FOMC, that means it can be a little bit more careless in terms of its
259 |258 |00:32:16 ~-~-> 00:32:21 |precision. It can be a little bit muddier in the water, so you won't see
260 |259 |00:32:21 ~-~-> 00:32:29 |really crisp delivery of price action. So if that's what is likely occur, why
261 |260 |00:32:30 ~-~-> 00:32:35 |would you want to use your lowest entry threshold watch and see how it trades up
262 |261 |00:32:35 ~-~-> 00:32:41 |into the fair value gap, and be more selective, and in my opinion, allow it
263 |262 |00:32:41 ~-~-> 00:32:46 |to first run to the extreme of it, because it might want to do that, and
264 |263 |00:32:46 ~-~-> 00:32:51 |then once it creates the Mohawk, you can trade inside that wick that created
265 |264 |00:32:51 ~-~-> 00:32:56 |that, and you'll get really good premium pricing and trade down to the mid gap,
266 |265 |00:32:56 ~-~-> 00:32:59 |because that's always in the first 30 minutes. That's your bias. If you're
267 |266 |00:32:59 ~-~-> 00:33:04 |going to ask me, What's the bias? ICT, well, there it is. See how, see how hard
268 |267 |00:33:04 ~-~-> 00:33:08 |that can be for you. You have to go and pull up a fib and drop it over the
269 |268 |00:33:08 ~-~-> 00:33:12 |opening price of today at 930 anchored to yesterday's selling price on river
270 |269 |00:33:12 ~-~-> 00:33:19 |trading hours. And then the midpoint on the FIB, that is your 70% bias for the
271 |270 |00:33:19 ~-~-> 00:33:25 |first 30 minutes. Like that is so mechanical, it's so easy, like, how hard
272 |271 |00:33:25 ~-~-> 00:33:28 |is that it's not hard, but you're out here trying to figure out, you know,
273 |272 |00:33:28 ~-~-> 00:33:33 |what, what videos to watch, you know, where do I start? This is, this is the
274 |273 |00:33:33 ~-~-> 00:33:36 |series you start with. This one. This is the one that puts people right in the
275 |274 |00:33:36 ~-~-> 00:33:41 |charts. And here's the setups every single day. It's the same repeating
276 |275 |00:33:41 ~-~-> 00:33:46 |logic. We gap open higher? Is it more than 40 handles? Okay, then you have a
277 |276 |00:33:46 ~-~-> 00:33:52 |respectable opening gap. That means then you can do what you can anticipate the
278 |277 |00:33:52 ~-~-> 00:33:59 |market creating a 70% strike rate of returning back to the half gap. So why
279 |278 |00:33:59 ~-~-> 00:34:04 |are you complicating it? I'm not complicating it. You you pick the first
280 |279 |00:34:04 ~-~-> 00:34:10 |fair value gap that forms at 931 that's the earliest in terms of time, between
281 |280 |00:34:10 ~-~-> 00:34:14 |931 and 10 o'clock in the morning, the very first fair value gap that forms.
282 |281 |00:34:15 ~-~-> 00:34:19 |And how do you use that first very fair value gap? Okay, I can see that. But
283 |282 |00:34:19 ~-~-> 00:34:24 |what do you do? What does this tell you about the opening range? Gap, mid gap,
284 |283 |00:34:24 ~-~-> 00:34:28 |if it, if it's below the first fair value gap, price, which is this
285 |284 |00:34:28 ~-~-> 00:34:32 |candlestick here? Doesn't that mean the bias for the first 30 minutes should be
286 |285 |00:34:32 ~-~-> 00:34:38 |what bearish is it not delivering it? And you're and you're, you're trying to
287 |286 |00:34:38 ~-~-> 00:34:43 |argue with me that what I'm teaching is complicated. It's absolutely not. You're
288 |287 |00:34:43 ~-~-> 00:34:47 |just not listening to the long, drawn out things where I'm explaining why it's
289 |288 |00:34:47 ~-~-> 00:34:52 |best to understand every facet to it, and you curse me and you cuss me out and
290 |289 |00:34:52 ~-~-> 00:34:56 |talk all this nonsense in comment sections of my videos, or even on my
291 |290 |00:34:56 ~-~-> 00:35:00 |social media or other people's social media, saying that the stuff. Doesn't
292 |291 |00:35:00 ~-~-> 00:35:04 |work. Well, find this stuff and anybody else's stuff. Find the first presented
293 |292 |00:35:04 ~-~-> 00:35:08 |fair value gap. Find the fact that it's going to go to mid gap 7% of the time.
294 |293 |00:35:08 ~-~-> 00:35:11 |In the first 30 minutes you got, you have an entire trading model right
295 |294 |00:35:11 ~-~-> 00:35:17 |there, and you're done. In 30 minutes, you're done. I mean, I don't know, what
296 |295 |00:35:17 ~-~-> 00:35:23 |else would you want? I don't know. I mean, I know I would want more because
297 |296 |00:35:23 ~-~-> 00:35:29 |I'm, I'm that type of guy, but you don't need more than to quit your job. I mean,
298 |297 |00:35:29 ~-~-> 00:35:35 |you can do this over time and make more than your your paycheck gives you. It
299 |298 |00:35:35 ~-~-> 00:35:41 |completely strips away the ambiguity of where's the bias, what trade directions
300 |299 |00:35:41 ~-~-> 00:35:46 |I trade in and Now contrast that with people that will tell you what you're
301 |300 |00:35:46 ~-~-> 00:35:52 |learning isn't real, where there's no real logic to it. I'm going to take this
302 |301 |00:35:52 ~-~-> 00:35:56 |little box off now, because it's actually not that I like to keep these
303 |302 |00:35:56 ~-~-> 00:36:09 |dudes from looking smart by having my stuff up. Pretend it's them the let's
304 |303 |00:36:09 ~-~-> 00:36:16 |maximize that one minute chart. So your stop would be above this candlestick
305 |304 |00:36:16 ~-~-> 00:36:21 |here. So anything you're shorting in here, you're stopped above this camel.
306 |305 |00:36:23 ~-~-> 00:36:26 |So yeah, we wicked above the fair value gap, but that doesn't do anything to
307 |306 |00:36:26 ~-~-> 00:36:30 |upset the trade. So if you know that it's going to be a day that has
308 |307 |00:36:30 ~-~-> 00:36:33 |characteristics that allows and affords the market to be a little bit more
309 |308 |00:36:33 ~-~-> 00:36:38 |muddier, where it colors Outside the Lines, how do we know that? How can we
310 |309 |00:36:38 ~-~-> 00:36:44 |anticipate that? Because tomorrow's FOMC in the morning or day before, can tend
311 |310 |00:36:44 ~-~-> 00:36:49 |to be a little bit more reckless and more wild. The price can be a little bit
312 |311 |00:36:49 ~-~-> 00:36:58 |more disorganized, basically, and shorting in this first fair value gap,
313 |312 |00:36:58 ~-~-> 00:37:05 |the gap itself formed at 9:33am, candle number two is where your stop is going
314 |313 |00:37:05 ~-~-> 00:37:10 |to go, whether you're going long or short. So think like an algorithm. Okay,
315 |314 |00:37:11 ~-~-> 00:37:15 |an algorithm is just the recipe. So here's the here's the recipe. This is
316 |315 |00:37:15 ~-~-> 00:37:21 |the this is your Blue Ribbon recipe from ICT, where all you have to do is follow
317 |316 |00:37:21 ~-~-> 00:37:25 |this logic every single day. You're not going to get a winning trade every
318 |317 |00:37:25 ~-~-> 00:37:29 |single day, but I promise you, if you study it, go back and back, test it,
319 |318 |00:37:29 ~-~-> 00:37:32 |you're going to see an enormous advantage in how you could have been
320 |319 |00:37:32 ~-~-> 00:37:36 |making a whole lot more consistent moves, passing your funded accounts,
321 |320 |00:37:36 ~-~-> 00:37:40 |getting funded, getting withdrawals, getting all that stuff, getting real
322 |321 |00:37:41 ~-~-> 00:37:45 |money, turning your demo account that you're trading with these funded account
323 |322 |00:37:45 ~-~-> 00:37:52 |companies into money making machines. The recipe or algorithm is this every
324 |323 |00:37:52 ~-~-> 00:37:58 |day at nine o'clock Eastern Standard Time, you're sitting down and you're
325 |324 |00:37:58 ~-~-> 00:38:02 |opening up the NASDAQ, or you're going to open up the ES, it's the same thing.
326 |325 |00:38:02 ~-~-> 00:38:05 |You're not making anything different here. It's just the same process. If you
327 |326 |00:38:05 ~-~-> 00:38:09 |want to trade the Dow, I don't know why you would want to trade a Dirty 30. I
328 |327 |00:38:09 ~-~-> 00:38:13 |can't stand it. It's too spotty. I don't like it. But if that's your cup of tea,
329 |328 |00:38:13 ~-~-> 00:38:17 |just know that you're probably going to have a little bit more adversity in that
330 |329 |00:38:17 ~-~-> 00:38:23 |one, because it does a whole lot of it creates a lot more wicks, and it usually
331 |330 |00:38:23 ~-~-> 00:38:29 |will move faster or before the other indices, because it's more responsive,
332 |331 |00:38:29 ~-~-> 00:38:33 |because there's only 30 issues in it that make up that index, whereas the S P
333 |332 |00:38:33 ~-~-> 00:38:41 |has 500 companies and the Nasdaq has 100 so because of that, that's Why the S P
334 |333 |00:38:41 ~-~-> 00:38:46 |is a little bit smoother, because it's factoring a composite of 500 individual
335 |334 |00:38:46 ~-~-> 00:38:51 |companies price fluctuations and changes, versus the NASDAQ, which is a
336 |335 |00:38:51 ~-~-> 00:38:55 |composite index of 100 stocks, and then you have the least which is the Dow,
337 |336 |00:38:55 ~-~-> 00:39:02 |which owns only 30 stocks. So out of those 30 stocks, it can be influenced
338 |337 |00:39:02 ~-~-> 00:39:07 |greatly by the price movement of larger stocks in that list of 30, so it's a
339 |338 |00:39:07 ~-~-> 00:39:11 |little bit skewed, and that's why I don't like it. So that answers a lot of
340 |339 |00:39:11 ~-~-> 00:39:15 |questions about the Dow and why don't trade it? Can I trade it? Yes. Does my
341 |340 |00:39:15 ~-~-> 00:39:23 |stuff work in it? Yes, but I'm not trading it, so I I will use the Dow for
342 |341 |00:39:23 ~-~-> 00:39:29 |a like a SMT divergence early warning. But it's not that. It's not the deciding
343 |342 |00:39:29 ~-~-> 00:39:35 |factor. I'd prefer to see an SMT divergence between ES and NASDAQ. So if
344 |343 |00:39:35 ~-~-> 00:39:43 |I'm bearish, I want to see, I want to see like, since I'm actively trading the
345 |344 |00:39:43 ~-~-> 00:39:49 |NASDAQ, I would look at the E, Mini, s, p, by comparison. And we are in the
346 |345 |00:39:49 ~-~-> 00:39:55 |December contract. We're not looking at the the September contract anymore. Do
347 |346 |00:39:55 ~-~-> 00:40:03 |you see the s and t divergence? I. I don't worry about price. I got I got
348 |347 |00:40:03 ~-~-> 00:40:06 |another I got another entry. Don't worry. I'm purposely letting things move
349 |348 |00:40:06 ~-~-> 00:40:13 |around the these highs here, this high went higher than that. One didn't it.
350 |349 |00:40:13 ~-~-> 00:40:25 |Now I'm look at it here with the NASDAQ. See it now? By comparison, this looks a
351 |350 |00:40:25 ~-~-> 00:40:30 |whole lot more animated, doesn't it? And when there's wicks, I'm looking at the
352 |351 |00:40:30 ~-~-> 00:40:34 |bodies, because that's where the bulk of the volume is. So there'll be times
353 |352 |00:40:34 ~-~-> 00:40:43 |where you'll see that the wicks might be higher, but the bodies aren't inside
354 |353 |00:40:43 ~-~-> 00:40:49 |this swing. Compare that to here. So NASDAQ went higher, both in wicks,
355 |354 |00:40:49 ~-~-> 00:40:59 |comparatively between this highs and here in in ES, I keep wanting to reach
356 |355 |00:40:59 ~-~-> 00:41:05 |for the U for September delivery contract month. You see what's happened
357 |356 |00:41:05 ~-~-> 00:41:12 |here. Y'all thought you knew. SMT. You don't know SMT.
358 |357 |00:41:14 ~-~-> 00:41:19 |Here's the high and the wick went higher. But the what do wicks do? What I
359 |358 |00:41:19 ~-~-> 00:41:24 |teach it, they do the damage. So the this is an SMT divergence, because the
360 |359 |00:41:24 ~-~-> 00:41:29 |bodies in the high here are lower than this. So that's why you gotta stop
361 |360 |00:41:29 ~-~-> 00:41:33 |listening to these dollar menu mentorships, because they're they don't,
362 |361 |00:41:33 ~-~-> 00:41:36 |they don't know everything that I know, and they don't know the full concepts.
363 |362 |00:41:37 ~-~-> 00:41:42 |Like I said, I've only introduced everything, yeah, every single thing is
364 |363 |00:41:42 ~-~-> 00:41:47 |just an introduction. It gives you a platform as a foundation to start
365 |364 |00:41:47 ~-~-> 00:41:51 |understanding it. And you don't need to know everything and do well, but what
366 |365 |00:41:51 ~-~-> 00:41:58 |happens when you really understand it? Yeah, so by comparison, again, you want
367 |366 |00:41:58 ~-~-> 00:42:03 |to do this in your own charts. By the way, don't use mine. You want to use the
368 |367 |00:42:09 ~-~-> 00:42:15 |the time frame right above the executable time frame and the time frame
369 |368 |00:42:15 ~-~-> 00:42:22 |that you intend to trade on meaning, as I mentioned at the beginning of the
370 |369 |00:42:22 ~-~-> 00:42:26 |stream, I said that we're going to be working with a move that's already
371 |370 |00:42:26 ~-~-> 00:42:30 |happened or started. Let's put it that way. And then what happens if you miss
372 |371 |00:42:30 ~-~-> 00:42:34 |that move? Well, you have two choices. You can be regretful and get angry and
373 |372 |00:42:34 ~-~-> 00:42:40 |get emotional and say, Oh man, and then either chase it or the worst is okay,
374 |373 |00:42:40 ~-~-> 00:42:43 |since I missed it, I'm angry. Now I'm going to feed it. I'm going to wait for
375 |374 |00:42:43 ~-~-> 00:42:46 |it to I think it ends now, so now I'm going to trade the other direction,
376 |375 |00:42:46 ~-~-> 00:42:53 |because you, because you want to wrestle the marketplace. You're you're mad at it
377 |376 |00:42:53 ~-~-> 00:42:59 |never good. Now I like the 19,009 I
378 |377 |00:43:04 ~-~-> 00:43:09 |26 level. That's the equivalent of the September contract. And you can check
379 |378 |00:43:09 ~-~-> 00:43:18 |you can check that out. Look at your hourly chart on the NQ, u2, 024, on
380 |379 |00:43:20 ~-~-> 00:43:26 |trading view. And then look at the the August, 27 through 29th highs. There
381 |380 |00:43:26 ~-~-> 00:43:31 |are, like, four or five of them up there, real smooth, the equivalent for
382 |381 |00:43:31 ~-~-> 00:43:35 |the December contract, which is what we're watching price in right now. That
383 |382 |00:43:35 ~-~-> 00:43:40 |is the same thing here, right? So that's where those relative equal highs are.
384 |383 |00:43:40 ~-~-> 00:43:45 |That's that big pocket of buy side liquidity. If we don't go there today, I
385 |384 |00:43:45 ~-~-> 00:43:53 |think that FOMC tomorrow will target that area. So that's just a very loose
386 |385 |00:43:54 ~-~-> 00:43:58 |expectation. It's not a hard and fast it's going to do it. I'm not betting the
387 |386 |00:43:58 ~-~-> 00:44:03 |farm on it. I'm not trying to position myself ahead. I'm not in any trades
388 |387 |00:44:03 ~-~-> 00:44:07 |right now. I didn't trade last night. I didn't do anything. I just hung out and
389 |388 |00:44:07 ~-~-> 00:44:12 |made a little video presenting great bowls, which is a PD array that I'll
390 |389 |00:44:12 ~-~-> 00:44:19 |talk more about in the book, but it's how you use Wix, okay? And Wix are a PD
391 |390 |00:44:19 ~-~-> 00:44:25 |array that you can look inside of them, in that little gray area of where nobody
392 |391 |00:44:25 ~-~-> 00:44:29 |would really pay that much attention to a cluster of wicks. But the algorithm,
393 |392 |00:44:29 ~-~-> 00:44:33 |because it knows every single high and low and it knows how to refer back to it
394 |393 |00:44:33 ~-~-> 00:44:37 |based on its script, it's going to refer to those wicks in a manner that I
395 |394 |00:44:37 ~-~-> 00:44:45 |outlined, and you can see it so I'm not looking at supply and demand zones. I'm
396 |395 |00:44:45 ~-~-> 00:44:49 |not looking at old highs and old lows for support and resistance. I'm looking
397 |396 |00:44:49 ~-~-> 00:44:57 |at very specific prices, but where those prices reside in the matrix of where
398 |397 |00:44:57 ~-~-> 00:45:01 |price is at the market and if it's going. Go lower, I'm going to be looking
399 |398 |00:45:01 ~-~-> 00:45:04 |for discounted rates. I'm not just looking for inefficiencies like a fair
400 |399 |00:45:04 ~-~-> 00:45:07 |Vega. I'm not looking for relatively cool lows or a single low. I'm looking
401 |400 |00:45:07 ~-~-> 00:45:14 |for clustering of wicks because nobody's paying attention to them. No one's no
402 |401 |00:45:14 ~-~-> 00:45:19 |one's making any effort to to see what was the purpose of that flurry of price
403 |402 |00:45:19 ~-~-> 00:45:23 |action, redelivering multiple times in that area where you have multiple wicks
404 |403 |00:45:23 ~-~-> 00:45:30 |overlapping, right? You think the algorithm, you know, if, if, if you can
405 |404 |00:45:30 ~-~-> 00:45:36 |just give me the the stage for a second, assume for a moment, if you don't
406 |405 |00:45:36 ~-~-> 00:45:39 |believe there's an algorithm that controls price and it delivers price and
407 |406 |00:45:39 ~-~-> 00:45:45 |it's a price engine. If you don't believe that, pretend for a moment you
408 |407 |00:45:45 ~-~-> 00:45:52 |did. Wouldn't it be logical if there were a algorithm that even that little
409 |408 |00:45:52 ~-~-> 00:45:58 |messy area of a clustering of wicks all different lengths and such, wouldn't it
410 |409 |00:45:58 ~-~-> 00:46:03 |have to still have to work with that information there or otherwise ignore
411 |410 |00:46:03 ~-~-> 00:46:08 |it, and what problems would it create if it was ignoring that? And why would it?
412 |411 |00:46:08 ~-~-> 00:46:13 |Why would it ignore that? What would make what would set the precedence over
413 |412 |00:46:13 ~-~-> 00:46:16 |something else in the marketplace that the algorithm will refer to, versus
414 |413 |00:46:16 ~-~-> 00:46:20 |something like that? But then, when you start seeing it like I'm teaching in the
415 |414 |00:46:20 ~-~-> 00:46:26 |in the future with this, you'll see that you have an x ray view of price. You'll
416 |415 |00:46:26 ~-~-> 00:46:32 |be able to see things that are not technically in your chart. They're not
417 |416 |00:46:32 ~-~-> 00:46:35 |in your chart. Nobody's seeing these things because they're not looking for
418 |417 |00:46:35 ~-~-> 00:46:38 |it. Number one, they haven't they have no knowledge of it. They have no no
419 |418 |00:46:38 ~-~-> 00:46:41 |reason, no there was no inspiration. Now there's going to be all kinds of people
420 |419 |00:46:41 ~-~-> 00:46:45 |creating these bullshit storylines. Okay, that, Oh, this is the thing I've
421 |420 |00:46:45 ~-~-> 00:46:50 |cracked enigma. You don't have any idea what you're talking about, but I'm
422 |421 |00:46:50 ~-~-> 00:46:55 |introducing it kind of like a little bit of a enticement to say there's new stuff
423 |422 |00:46:55 ~-~-> 00:47:01 |coming, there's new stuff coming. And it's extremely precise, very, very
424 |423 |00:47:01 ~-~-> 00:47:08 |precise, and it's time based. It's very specific time based things I don't need
425 |424 |00:47:08 ~-~-> 00:47:13 |to be in here worrying about every single fluctuation. I can set a date,
426 |425 |00:47:13 ~-~-> 00:47:17 |just like when you set a birthday party for your child, or you set a date that
427 |426 |00:47:17 ~-~-> 00:47:21 |you're going to be at a restaurant with your significant other at dinner. Here
428 |427 |00:47:21 ~-~-> 00:47:24 |it is. That's the time we're going to be there eating. That's what I can do with
429 |428 |00:47:24 ~-~-> 00:47:28 |my trading. That's what you can do with your trading. And that is a liberating
430 |429 |00:47:28 ~-~-> 00:47:32 |feeling. Contrast that with everything else, you're waiting for something to
431 |430 |00:47:32 ~-~-> 00:47:38 |appear in a chart, or you're just waiting. You're just waiting. Yeah, keep
432 |431 |00:47:38 ~-~-> 00:47:47 |waiting. So the the idea of moving from one minute buy side and sell side, and
433 |432 |00:47:47 ~-~-> 00:47:54 |then, using a 15 second chart, you can find very, very high frequency trading
434 |433 |00:47:54 ~-~-> 00:48:00 |setups in that you're going to get stopped out more times than anything
435 |434 |00:48:00 ~-~-> 00:48:05 |else I've taught, because you're going to be chasing every potential run into
436 |435 |00:48:05 ~-~-> 00:48:10 |liquidity on a very small time frame, and the times you're going to get caught
437 |436 |00:48:10 ~-~-> 00:48:16 |offside is when you don't refer to the time of day, the day of week, the week
438 |437 |00:48:16 ~-~-> 00:48:19 |of the month, the seasonal tendency where the higher Time Frame, daily Order
439 |438 |00:48:19 ~-~-> 00:48:26 |Flow and weekly order flow is reaching for specifically this. I believe this is
440 |439 |00:48:26 ~-~-> 00:48:32 |where we're going to aim now, because that is a likelihood, and we have big
441 |440 |00:48:32 ~-~-> 00:48:37 |news coming out tomorrow, I would not want to position very large today. I
442 |441 |00:48:37 ~-~-> 00:48:41 |would not want to swing trade today. I think it's more reasonable to see them
443 |442 |00:48:41 ~-~-> 00:48:46 |leave this here. It's just a real easy candy store to rob and just go in there
444 |443 |00:48:46 ~-~-> 00:48:50 |tomorrow and smash it. They can be chopping around and do all kinds of
445 |444 |00:48:53 ~-~-> 00:48:58 |subtle ranging, creating consolidations that many of you would be frustrated by.
446 |445 |00:48:59 ~-~-> 00:49:02 |But when you understand that these are the conditions and characteristics you
447 |446 |00:49:02 ~-~-> 00:49:08 |won't be in here trying to trade larger or more frequent than you should. So
448 |447 |00:49:08 ~-~-> 00:49:12 |while there is a approach to trading high frequency using sub one minute time
449 |448 |00:49:12 ~-~-> 00:49:20 |frames, you can get shit 2030, trades a day easily, and that wouldn't be over
450 |449 |00:49:20 ~-~-> 00:49:24 |trading, using that model like think about that like that in the hands of
451 |450 |00:49:24 ~-~-> 00:49:29 |someone that doesn't know what they're doing, and it's impulsive, and they're
452 |451 |00:49:29 ~-~-> 00:49:34 |over leveraging. You're gonna blow your brains out because you have so many
453 |452 |00:49:34 ~-~-> 00:49:42 |opportunities for you to the mess it up. Basically, I'm trying not to curse the
454 |453 |00:49:43 ~-~-> 00:49:50 |so what happens if you know that this is the likely draw, if you filter out all
455 |454 |00:49:50 ~-~-> 00:49:55 |the high frequency trading that you do, sub one minute, aiming for short term
456 |455 |00:49:55 ~-~-> 00:50:00 |one minute or five minute buy side using a 15 second fair value, got entry. Model
457 |456 |00:50:01 ~-~-> 00:50:06 |you're filtering out all the potential for you to get nailed if they do, in
458 |457 |00:50:06 ~-~-> 00:50:11 |fact, want to run up there and hit that. So you see, it's not just give me the
459 |458 |00:50:11 ~-~-> 00:50:15 |right fair value gap, give me a PD array, give me a straightforward model.
460 |459 |00:50:15 ~-~-> 00:50:21 |I just gave it to you this morning. You're looking for a gap of 40 handles
461 |460 |00:50:21 ~-~-> 00:50:30 |or more, okay, the the larger. Above 40 handles, the better. What was the what
462 |461 |00:50:30 ~-~-> 00:50:40 |was opening range this morning? Previous settlement price at 661, 795, hello.
463 |462 |00:50:40 ~-~-> 00:50:45 |That's over 100 handles. So you are in a jackpot like you have an easy, easy,
464 |463 |00:50:45 ~-~-> 00:50:51 |easy, 70% chance. That's not 100% chance, folks. That's not a guarantee.
465 |464 |00:50:52 ~-~-> 00:50:58 |It's a 70% chance that in the first 30 minutes, you have an ability to sit down
466 |465 |00:50:58 ~-~-> 00:51:00 |know exactly what you're expecting to see in price. What is that you're
467 |466 |00:51:00 ~-~-> 00:51:06 |expecting the price from this opening price here at 930 to gravitate down to
468 |467 |00:51:06 ~-~-> 00:51:10 |half of the gap. You don't need the whole gap to close. There are things
469 |468 |00:51:10 ~-~-> 00:51:15 |that you can trade with that gives that idea. I'll teach a little bit about
470 |469 |00:51:15 ~-~-> 00:51:19 |that. But Why worry about having that when you got something that's
471 |470 |00:51:19 ~-~-> 00:51:23 |statistically probable over 70% of the time. I mean, think about you don't even
472 |471 |00:51:23 ~-~-> 00:51:31 |get it right in your demo account. You know that many times in a month a year,
473 |472 |00:51:31 ~-~-> 00:51:35 |you have very, very low strike rate. And the people that are honest, they come
474 |473 |00:51:35 ~-~-> 00:51:39 |out forward, they'll say, you know, I'm about 50% accurate. And to me, that's
475 |474 |00:51:39 ~-~-> 00:51:45 |offensive, because I'm a numbers guy. I like looking for advantages. I don't
476 |475 |00:51:45 ~-~-> 00:51:48 |want to go out here and just do something that doesn't have an built in
477 |476 |00:51:48 ~-~-> 00:51:53 |advantage. Who would want to do that? People that believe that price is
478 |477 |00:51:53 ~-~-> 00:51:59 |random. So they they submit themselves to okay, what's probably not going to be
479 |478 |00:51:59 ~-~-> 00:52:03 |an easy day, but I'm going to go out here and do something. And if you're a
480 |479 |00:52:03 ~-~-> 00:52:07 |live streamer, it's even worse, because now you feel like you gotta perform. And
481 |480 |00:52:07 ~-~-> 00:52:13 |it's, it's illuminating watching individuals go out there and they just
482 |481 |00:52:14 ~-~-> 00:52:17 |phone it in, they just lob it in and say, Okay, well, you know, there it is.
483 |482 |00:52:17 ~-~-> 00:52:21 |There it is, guys, I did my best. Well, I'm telling you how to make your best
484 |483 |00:52:21 ~-~-> 00:52:27 |better. Opening range, gap, okay, they're never going to hide this from
485 |484 |00:52:27 ~-~-> 00:52:30 |you. They're never going to change it. And it's not going to some it's not
486 |485 |00:52:30 ~-~-> 00:52:36 |going to be something that falls out of favor, okay. Gap opening higher, more
487 |486 |00:52:36 ~-~-> 00:52:39 |than 40 handles. The larger the gap, the better. That means your range is more
488 |487 |00:52:39 ~-~-> 00:52:45 |opportunity. So from the opening price, soon as at 930 opens up, you know what
489 |488 |00:52:45 ~-~-> 00:52:52 |that price is. Everybody else knows what that price is. Down to that gaps
490 |489 |00:52:52 ~-~-> 00:53:03 |midpoint, which is 728.25 so you have essentially, what is that 50 ish
491 |490 |00:53:03 ~-~-> 00:53:04 |handles.
492 |491 |00:53:05 ~-~-> 00:53:14 |Now think about this. What would 50 handles do per week? Not every day, not
493 |492 |00:53:14 ~-~-> 00:53:21 |every day, just one trade per week. You say I'm going to find one setup because
494 |493 |00:53:21 ~-~-> 00:53:26 |I don't know what I'm doing. I want to get consistent. I want to build trust in
495 |494 |00:53:26 ~-~-> 00:53:31 |myself and not be impulsive, but I still want to show progress. And if you're
496 |495 |00:53:31 ~-~-> 00:53:35 |trying to get a funded account, combine past if you can't stick to something
497 |496 |00:53:35 ~-~-> 00:53:39 |like what I'm outlining here, no wonder you're failing. And you shouldn't be
498 |497 |00:53:39 ~-~-> 00:53:43 |paying for them. Don't buy anymore of them till you can build yourself
499 |498 |00:53:43 ~-~-> 00:53:49 |discipline if you're not smiling, and if the gears aren't turning in your head
500 |499 |00:53:49 ~-~-> 00:53:55 |right. Now, how this is so fucking easy, and it's in front of you every single
501 |500 |00:53:55 ~-~-> 00:53:59 |day, and you, I've told I've told you this for weeks now, and it's not every
502 |501 |00:53:59 ~-~-> 00:54:04 |single day. But it's happening enough, even if you did it wrong on the days
503 |502 |00:54:04 ~-~-> 00:54:12 |that it didn't deliver. 50 handles. Is 50 handles. That's $1,000 on one mini,
504 |503 |00:54:16 ~-~-> 00:54:20 |$1,000 what's $1,000 do for you? Once a week, one trade, you're not even
505 |504 |00:54:20 ~-~-> 00:54:29 |worrying about it in 30 minutes. In 30 minutes, that's how long, okay, you have
506 |505 |00:54:29 ~-~-> 00:54:36 |to sit and wait. I'm satisfying every Millennials fucking dream. This is a
507 |506 |00:54:36 ~-~-> 00:54:42 |Millennials wet dream. Tell me what to do, what direction, what's the target,
508 |507 |00:54:42 ~-~-> 00:54:46 |and how long do I have to sit still and wait for it? I've answered all of it.
509 |508 |00:54:46 ~-~-> 00:54:49 |There's nobody else out there has given you something like that. There's no one
510 |509 |00:54:49 ~-~-> 00:54:55 |else doing it like this, baby. It's ridiculous. I got all kinds of stuff
511 |510 |00:54:55 ~-~-> 00:55:00 |like this, but this is easy. Large opening gap, higher. Yeah, wonderful.
512 |511 |00:55:00 ~-~-> 00:55:06 |Find the mid gap. There it is. Find your opening price. That's your range. That's
513 |512 |00:55:06 ~-~-> 00:55:13 |the profit potential. Okay, so now, what do you do? You wait in one minute from
514 |513 |00:55:13 ~-~-> 00:55:17 |the opening price. You can take your time. You got 60 seconds to say, Okay,
515 |514 |00:55:17 ~-~-> 00:55:21 |what's the math on this? Here's my opening price, and in the mid gap prices
516 |515 |00:55:21 ~-~-> 00:55:25 |down here, once you anchor your fib to the between price there's that's your
517 |516 |00:55:25 ~-~-> 00:55:29 |price you're aiming for. That's your range between this price and that one.
518 |517 |00:55:30 ~-~-> 00:55:34 |So you know your bias is what you're going to try to go short. So now what do
519 |518 |00:55:34 ~-~-> 00:55:40 |you wait for? He's going to go short? No, you watch price. You wait for to do
520 |519 |00:55:40 ~-~-> 00:55:46 |what create the first presented fair value gap? This is the first fair value
521 |520 |00:55:46 ~-~-> 00:55:52 |gap. This candle here at 933 so it meets the criteria. It can't be on the 930
522 |521 |00:55:53 ~-~-> 00:55:58 |candle. 931 is the easiest and first, I'm not easiest. It's the first,
523 |522 |00:55:58 ~-~-> 00:56:02 |earliest candlestick that can create the fair value gap. Candlestick number two,
524 |523 |00:56:02 ~-~-> 00:56:06 |I'm number two, that one that makes the imbalance. This is candlestick number
525 |524 |00:56:06 ~-~-> 00:56:15 |one. This is candlestick number two. Here's candlestick number three. So
526 |525 |00:56:15 ~-~-> 00:56:21 |candlestick number three, your entry is either one tick below, if you're
527 |526 |00:56:21 ~-~-> 00:56:24 |aggressive like me, and you know what, what side of the market you're trying to
528 |527 |00:56:24 ~-~-> 00:56:27 |get in, and you just don't want to miss the move. Because I trust this model,
529 |528 |00:56:29 ~-~-> 00:56:33 |you know I I could trust this. I could be selling short there. And any
530 |529 |00:56:33 ~-~-> 00:56:36 |opportunity, it's inside that gap here, I'm going to short. I will short rate
531 |530 |00:56:36 ~-~-> 00:56:44 |that mohawk, because it stops up here. I uh, above this candle is high. I know
532 |531 |00:56:44 ~-~-> 00:56:48 |this is intrusive, having that laying on top here, but I'm sorry, but people
533 |532 |00:56:48 ~-~-> 00:56:52 |literally take my stuff and they they try to put their own, their own YouTube
534 |533 |00:56:52 ~-~-> 00:56:55 |channel, and it's just real easy for me to push a button, and the copyright is
535 |534 |00:56:56 ~-~-> 00:56:59 |done, and they lose their channel. And I'm not trying to be a jerk about it,
536 |535 |00:56:59 ~-~-> 00:57:03 |but you don't have the right to put my content on your community channels, and
537 |536 |00:57:03 ~-~-> 00:57:07 |I'll give you permission to translate them either. So the and you can hate me
538 |537 |00:57:07 ~-~-> 00:57:12 |for I don't care the number two candle, that's the in the in imbalance, where
539 |538 |00:57:12 ~-~-> 00:57:16 |it's this, number one candle is low and Number three's candle is high. Anywhere
540 |539 |00:57:16 ~-~-> 00:57:27 |in here, go short, stop up here. So this little spike here, they can crack jokes
541 |540 |00:57:27 ~-~-> 00:57:33 |all they want, but I just gave you something they can never deliver. And
542 |541 |00:57:33 ~-~-> 00:57:39 |this is such a good model, it's so it answers everything. When it starts to
543 |542 |00:57:39 ~-~-> 00:57:44 |break down, you find a short term low. Once it breaks that, you put your stop
544 |543 |00:57:44 ~-~-> 00:57:50 |loss to cover costs. If you have more than one contract, you take a partial
545 |544 |00:57:50 ~-~-> 00:57:53 |below the short term low. Everything I'm saying here, when we have a gap lower
546 |545 |00:57:53 ~-~-> 00:57:59 |opening more than 40 handles 50% of the gap is your target. Wait for the first
547 |546 |00:57:59 ~-~-> 00:58:02 |presented fair value gap, and you're going to be using as the as a means to
548 |547 |00:58:02 ~-~-> 00:58:08 |go long and trade up to the half of the guy here, first period, first fair value
549 |548 |00:58:08 ~-~-> 00:58:12 |gap. Here is your entry mechanism to get down to mid gap. And you have a 70%
550 |549 |00:58:12 ~-~-> 00:58:16 |strike rate built in. Got a home field advantage that this is going to happen
551 |550 |00:58:16 ~-~-> 00:58:24 |70% of the time daily. Now you can further increase that strike rate by
552 |551 |00:58:24 ~-~-> 00:58:32 |understanding economic calendar, hello, and understanding the likelihood of what
553 |552 |00:58:32 ~-~-> 00:58:38 |happens if you take 75 to 8% off of the trade at the mid gap. And you don't have
554 |553 |00:58:38 ~-~-> 00:58:41 |the experience and you want to see if you can go down to close the entire gap.
555 |554 |00:58:41 ~-~-> 00:58:45 |Okay, just put your stop loss somewhere above the short term while you took
556 |555 |00:58:45 ~-~-> 00:58:49 |profit at or partial, and if it stops you out on the balance, who cares? At
557 |556 |00:58:49 ~-~-> 00:58:55 |least you had a free look. You did 80% off here, remaining from the position
558 |557 |00:58:55 ~-~-> 00:58:59 |after you've taken off a partial, or don't do any partials, just expect that
559 |558 |00:58:59 ~-~-> 00:59:07 |it goes below this low and accelerates to mid gap. Look at the bodies. Look how
560 |559 |00:59:07 ~-~-> 00:59:12 |the bodies are, respecting that mid gap level. That's algorithmic. It's doing
561 |560 |00:59:12 ~-~-> 00:59:21 |something that it's been scripted and coded to do, just like a recipe. I want
562 |561 |00:59:21 ~-~-> 00:59:24 |you to think about the potential that I just laid in your hands. I've already
563 |562 |00:59:24 ~-~-> 00:59:30 |taught this a few times in my lectures. I've taught this, but you don't remember
564 |563 |00:59:30 ~-~-> 00:59:35 |it because you're waiting for something where I'm drawing over top the chart and
565 |564 |00:59:35 ~-~-> 00:59:39 |I'm trying to tell you what the market's going to do next. Why worry about what's
566 |565 |00:59:39 ~-~-> 00:59:42 |happening next when I'm telling you how you're going to find what's going to
567 |566 |00:59:42 ~-~-> 00:59:47 |happen next, every day, what's more important to you, the fair value get
568 |567 |00:59:47 ~-~-> 00:59:51 |that I'm going to push a button on today, or having the watch where you
569 |568 |00:59:51 ~-~-> 00:59:54 |don't need to come back to watch my channel. How's that working for ad
570 |569 |00:59:54 ~-~-> 00:59:58 |revenue campaign, I don't want you coming to watch my videos, because if
571 |570 |00:59:58 ~-~-> 01:00:01 |you keep coming back and watching my videos. That means you don't know, you
572 |571 |01:00:01 ~-~-> 01:00:03 |don't know anything. You're still learning, and if you're brand new,
573 |572 |01:00:04 ~-~-> 01:00:08 |that's that's reasonable. But when somebody finds a model like this, why
574 |573 |01:00:08 ~-~-> 01:00:13 |would you want to worry about whatever else I put up? Why would you even want
575 |574 |01:00:13 ~-~-> 01:00:18 |to buy my books? How's that for a sales campaign, I don't need your money. Okay?
576 |575 |01:00:18 ~-~-> 01:00:21 |I'm just presenting it because it's my stuff, and nobody else has the authority
577 |576 |01:00:21 ~-~-> 01:00:25 |or the authority or the understanding be able to do it. And I want to document
578 |577 |01:00:25 ~-~-> 01:00:29 |it, my sons and daughter, they can hear me talk about it. It's not just looking
579 |578 |01:00:29 ~-~-> 01:00:33 |at my notes, looking at my journals, looking at my my things that may not be
580 |579 |01:00:33 ~-~-> 01:00:37 |as a clear depiction or understanding what it is that I'm actually teaching
581 |580 |01:00:38 ~-~-> 01:00:43 |and what I've used. It's my whole entire life's work, and this is not in Al
582 |581 |01:00:43 ~-~-> 01:00:48 |Brooks bullshit. Okay, no, no offense to the guy, but I don't have any connection
583 |582 |01:00:48 ~-~-> 01:00:52 |to any other mentor out there, and Larry Williams wouldn't know anything about
584 |583 |01:00:52 ~-~-> 01:00:55 |this either. Ask him. Don't be rude about it, that guy, I guarantee you
585 |584 |01:00:55 ~-~-> 01:01:03 |he'll say, Yeah, I don't know anything about that. He was my first mentor. I
586 |585 |01:01:03 ~-~-> 01:01:06 |anything that's ever had an influence on me from him, I've always credited. And I
587 |586 |01:01:06 ~-~-> 01:01:10 |told everybody, buy everything he has, and everybody should have that book. How
588 |587 |01:01:10 ~-~-> 01:01:14 |many million dollars shaking commodities last year? It's a 1970s book. And
589 |588 |01:01:14 ~-~-> 01:01:17 |there's a lot of stuff in there that doesn't hold water, in my opinion, but
590 |589 |01:01:17 ~-~-> 01:01:22 |the very specific things in there about premium pricing. That means the front
591 |590 |01:01:22 ~-~-> 01:01:25 |month is more expensive than the distant month. For instance. How would that?
592 |591 |01:01:25 ~-~-> 01:01:31 |What would that mean in terms of trading the S, P or NASDAQ? Right now, the
593 |592 |01:01:31 ~-~-> 01:01:37 |nearby contract is September still and it's going to expire, and then it
594 |593 |01:01:37 ~-~-> 01:01:43 |becomes the December contract entirely. So that's your that's your nearby
595 |594 |01:01:43 ~-~-> 01:01:48 |contract, or front month. Then you have the next month out, which would be March
596 |595 |01:01:48 ~-~-> 01:01:52 |2025, and then the next month out would be June 2025, the next month out would
597 |596 |01:01:52 ~-~-> 01:02:01 |be September 2025, in a carrying charge market where the normal pricing model is
598 |597 |01:02:01 ~-~-> 01:02:06 |in play, you will have higher prices for like we're looking at corn or soybeans,
599 |598 |01:02:07 ~-~-> 01:02:11 |usually it's more expensive. The price right now for this contract in December
600 |599 |01:02:11 ~-~-> 01:02:19 |is trading at 19,007 97 Now, contrast that with NQ for the September contract,
601 |600 |01:02:21 ~-~-> 01:02:26 |we're in the five hundreds. So there's a there's a premium in the December
602 |601 |01:02:26 ~-~-> 01:02:30 |contract versus the price that's in September. You see that? Well, that's a
603 |602 |01:02:30 ~-~-> 01:02:38 |normal carrying charge market, and it's more more useful in a real supply and
604 |603 |01:02:38 ~-~-> 01:02:45 |demand market, like grains, cattle, something that we eat or consume oil.
605 |604 |01:02:45 ~-~-> 01:02:49 |Okay, there's a real buying and selling demand in these markets, because they're
606 |605 |01:02:49 ~-~-> 01:02:52 |like, they're the resources that makes the world go round. We don't really need
607 |606 |01:02:52 ~-~-> 01:02:56 |to buy the S, P and the Nasdaq, just like we don't need to buy shares of
608 |607 |01:02:56 ~-~-> 01:02:59 |stock. So while it's
609 |608 |01:03:01 ~-~-> 01:03:06 |better for the market if you're bullish, to see the nearby contract trading for
610 |609 |01:03:06 ~-~-> 01:03:11 |more money than the next months out in the future. In other words, the price
611 |610 |01:03:11 ~-~-> 01:03:18 |should go higher in the future when you're looking at commodity prices. But
612 |611 |01:03:18 ~-~-> 01:03:22 |if that ever reverses, and it's higher prices right now, then you have an
613 |612 |01:03:22 ~-~-> 01:03:27 |inversion from a carrying charge market to a commercial bull market. That means
614 |613 |01:03:27 ~-~-> 01:03:33 |large, large conglomerates and commercial users are more interested in
615 |614 |01:03:33 ~-~-> 01:03:39 |buying it so much it can maintain a huge premium in price relative to the traded
616 |615 |01:03:39 ~-~-> 01:03:43 |price of the distant month contracts. And if you're brand new, that probably
617 |616 |01:03:43 ~-~-> 01:03:46 |went right over your head. But it's a very simple thing. If you go into the
618 |617 |01:03:46 ~-~-> 01:03:51 |commodity teachings that I have in the 2027 mentorship, I believe it's month
619 |618 |01:03:51 ~-~-> 01:03:57 |10. I believe it's month 10. I split up that that month with bond trading,
620 |619 |01:03:57 ~-~-> 01:04:06 |commodity trading, stock trading and for the life man, I can't remember the other
621 |620 |01:04:06 ~-~-> 01:04:11 |ones I don't remember, but it's in there. I talk about it. But the, I'm not
622 |621 |01:04:11 ~-~-> 01:04:13 |even sure how I got on this subject matter, but the,
623 |622 |01:04:21 ~-~-> 01:04:25 |you have a model now you have no excuse not to be finding consistent setups
624 |623 |01:04:25 ~-~-> 01:04:29 |every single day. You have an experiment laboratory for 30 minutes every single
625 |624 |01:04:29 ~-~-> 01:04:36 |day. Caveat now, here is the spin. Here's the spin on that logic, as long
626 |625 |01:04:36 ~-~-> 01:04:41 |as price remains below your stop loss when you're short, using this model, and
627 |626 |01:04:41 ~-~-> 01:04:45 |we have not traded to the mid gap. You stay with the trade until you're either
628 |627 |01:04:45 ~-~-> 01:04:53 |stopped out or you get your target. Is that complicated? Nope. Now how, how
629 |628 |01:04:53 ~-~-> 01:04:59 |could you mess this up? Okay, here's how you mess it up. You're going to over
630 |629 |01:04:59 ~-~-> 01:05:05 |leverage. You're going to try to trade before the fair value gap is traded too.
631 |630 |01:05:07 ~-~-> 01:05:12 |You will not take the trade because you haven't watched it enough times for
632 |631 |01:05:12 ~-~-> 01:05:18 |weeks and months to desensitize yourself to it, to trust the data. Don't just
633 |632 |01:05:18 ~-~-> 01:05:21 |take my word for it. I don't want anybody taking my word for anything that
634 |633 |01:05:21 ~-~-> 01:05:25 |I say, the open challenges is go in and see if this stuff isn't really going on,
635 |634 |01:05:25 ~-~-> 01:05:29 |because once you see it, you can't unsee it. No one's going to convince you
636 |635 |01:05:29 ~-~-> 01:05:32 |otherwise, and then you're a cult member for life, okay? And that's not a bad
637 |636 |01:05:32 ~-~-> 01:05:36 |thing. It just means that you're part of the cult of winning. There's no other
638 |637 |01:05:36 ~-~-> 01:05:42 |simpler system model that's mechanical. It's finite parameters, just like when
639 |638 |01:05:42 ~-~-> 01:05:48 |you read a recipe, how many eggs does it call for? How much milk, how much sugar,
640 |639 |01:05:48 ~-~-> 01:05:54 |how much flour, you can't go in here and say, You know what? This pineapple up
641 |640 |01:05:54 ~-~-> 01:05:58 |the upside down. Pineapple cake calls for this, this, this, and this, you
642 |641 |01:05:58 ~-~-> 01:06:03 |know, I just want to kick it up a notch and put my own spin on this, and I'm
643 |642 |01:06:03 ~-~-> 01:06:11 |gonna throw in horseradish. The Hell yeah, that that's, that's what you're
644 |643 |01:06:11 ~-~-> 01:06:15 |gonna mess it up with. You're gonna try to bring something else into it. Okay?
645 |644 |01:06:15 ~-~-> 01:06:18 |You're gonna come up with some bullshit name for something and try to reinvent
646 |645 |01:06:18 ~-~-> 01:06:26 |it so that we can go out and and here it is. But in my book, I'm going to
647 |646 |01:06:26 ~-~-> 01:06:30 |reference these videos where it's time and date stamped, where you can see me
648 |647 |01:06:31 ~-~-> 01:06:34 |giving the details about this. I promise you what I just taught is there's going
649 |648 |01:06:34 ~-~-> 01:06:39 |to be dozens and dozens of books before the fucking November holiday. Amazon's
650 |649 |01:06:39 ~-~-> 01:06:47 |going to have ICTs elite day trading model, 100% mechanical, and they're
651 |650 |01:06:47 ~-~-> 01:06:51 |going to inflate the number 100% strike rate, guaranteed to make money, and it's
652 |651 |01:06:51 ~-~-> 01:06:55 |going to be that's fake, that's false, but 70% of time, you're going to see
653 |652 |01:06:55 ~-~-> 01:07:00 |that these parameters deliver but it still affords the ability for people to
654 |653 |01:07:00 ~-~-> 01:07:03 |mess it up, because they're going to bring their own problems to it. They're
655 |654 |01:07:03 ~-~-> 01:07:06 |going to be fearful, they're going to be too impatient, they're going to try to
656 |655 |01:07:06 ~-~-> 01:07:09 |trade before they should. They're going to over leverage, or they're not going
657 |656 |01:07:09 ~-~-> 01:07:13 |to be disciplined. They won't be in front of the charts to do it. They'll
658 |657 |01:07:13 ~-~-> 01:07:19 |live a lifestyle that allows them to get drunk, inebriated and sleep over and
659 |658 |01:07:19 ~-~-> 01:07:23 |miss it, and then, because they didn't take a trade the previous day, that was
660 |659 |01:07:23 ~-~-> 01:07:27 |really, really good, then they'll over leverage on the next day, thinking, I
661 |660 |01:07:27 ~-~-> 01:07:32 |gotta make up. You don't make up anything. You just take the trade based
662 |661 |01:07:32 ~-~-> 01:07:38 |on the parameters, and that means trade with one contract, the smallest
663 |662 |01:07:38 ~-~-> 01:07:45 |contract, the micro. And you desensitize yourself to the importance of the money.
664 |663 |01:07:45 ~-~-> 01:07:51 |Take that part out of it for weeks. Up to give me at least one month where
665 |664 |01:07:51 ~-~-> 01:07:55 |you're doing this every single day. So that way you have a whole month of data
666 |665 |01:07:57 ~-~-> 01:08:00 |and then see what you were recording about what you felt when you were doing
667 |666 |01:08:00 ~-~-> 01:08:04 |it, watching and observing it, did you get emotional about how you were
668 |667 |01:08:04 ~-~-> 01:08:07 |failing? You're going to be right and conquering. Were you fearful that it
669 |668 |01:08:07 ~-~-> 01:08:12 |wasn't going to work? You have to get that baseline measurement about you,
670 |669 |01:08:12 ~-~-> 01:08:20 |because the you is what's going to mess it up. Okay, trust me, the first time I
671 |670 |01:08:20 ~-~-> 01:08:24 |sat down and I put this to task. I was like, I want to have something that's
672 |671 |01:08:24 ~-~-> 01:08:30 |mechanical, that I want to know that this is what I can do, and I will set up
673 |672 |01:08:30 ~-~-> 01:08:36 |a scenario where I can automate it. And this is one of my first automated things
674 |673 |01:08:36 ~-~-> 01:08:42 |with trading view. I'm not trading view, TradeStation. I did a lot of coding with
675 |674 |01:08:42 ~-~-> 01:08:48 |easy language, with TradeStation back in the in the 90s, and this was one of my
676 |675 |01:08:48 ~-~-> 01:08:53 |simplest, easy bread and butter just it's like a cash machine. It just simply
677 |676 |01:08:53 ~-~-> 01:08:57 |will spit out the setups to you. And it's like an ATM with a pin code that,
678 |677 |01:08:57 ~-~-> 01:09:01 |you know, has an endless supply of opportunity. It's just right there all
679 |678 |01:09:01 ~-~-> 01:09:04 |the time. But I don't want you to believe that. I want you to go in and
680 |679 |01:09:04 ~-~-> 01:09:08 |test it for yourself, because as soon as you see it, it's going to be like, What
681 |680 |01:09:08 ~-~-> 01:09:11 |the hell you've been trying to do all this other stuff and the whole time,
682 |681 |01:09:11 ~-~-> 01:09:15 |every single trading day. If these parameters are there, 40 handles are
683 |682 |01:09:15 ~-~-> 01:09:21 |higher. There has to be 40 handles from previous settlement price to where we
684 |683 |01:09:21 ~-~-> 01:09:28 |open first or more. It's better if it's larger. It's really, really good if it's
685 |684 |01:09:28 ~-~-> 01:09:36 |larger than that, if, if it's over 200 handles I've seen in the last two years
686 |685 |01:09:36 ~-~-> 01:09:44 |or so, I will defer trading this setup, because, chances are it might still keep
687 |686 |01:09:44 ~-~-> 01:09:48 |running, because something out there is heavy manipulation going on. So 100
688 |687 |01:09:49 ~-~-> 01:09:52 |handles, let's make it a little bit clearer. 100 handles, approximately
689 |688 |01:09:53 ~-~-> 01:09:59 |minimum 40 handles. That's your that's your sweet spot, okay? And if you use
690 |689 |01:09:59 ~-~-> 01:10:04 |this. This mechanism. Okay, there's a lot of you guys that do coding and such.
691 |690 |01:10:04 ~-~-> 01:10:07 |You have everything right there. I just gave you the documentation stage of it,
692 |691 |01:10:08 ~-~-> 01:10:11 |like I did go through the coding aspect. And it's an easy fix of just putting a
693 |692 |01:10:11 ~-~-> 01:10:16 |couple things there and then bang. You know where the stop goes? You know where
694 |693 |01:10:16 ~-~-> 01:10:19 |your target is. You know what you're looking for. It's time based for the
695 |694 |01:10:19 ~-~-> 01:10:28 |first fair value gap, the form one minute chart, and then by 10 o'clock it
696 |695 |01:10:28 ~-~-> 01:10:32 |should deliver certain extent of time to mid part of the guy. Like, come on, man,
697 |696 |01:10:32 ~-~-> 01:10:36 |seriously. Like, who's giving you anything close to that? You know what
698 |697 |01:10:36 ~-~-> 01:10:40 |time it's going to set up. You know how long to hold on to it. You know what to
699 |698 |01:10:40 ~-~-> 01:10:44 |do if it doesn't trade to the target yet. You hold it or let it get stopped
700 |699 |01:10:44 ~-~-> 01:10:48 |out and be comfortable with it getting stopped out, because you should have a
701 |700 |01:10:48 ~-~-> 01:10:53 |partial taken if you're trading with one contract, allow that stop out to happen
702 |701 |01:10:53 ~-~-> 01:10:59 |and then and record what you felt as a result of that. You're going to go to I
703 |702 |01:10:59 ~-~-> 01:11:01 |wish I would have closed to trade it. That's this point where it was the
704 |703 |01:11:01 ~-~-> 01:11:09 |maximum open profit, but not realized. And if you do that, what you're saying
705 |704 |01:11:09 ~-~-> 01:11:13 |is you want to be right, and you have to work on that. That's what you're
706 |705 |01:11:13 ~-~-> 01:11:16 |supposed to be doing. When you're tape reading, you're discovering yourself.
707 |706 |01:11:16 ~-~-> 01:11:19 |And when you demo trade, you're trying to discover where your bad habits are.
708 |707 |01:11:19 ~-~-> 01:11:23 |You're not thinking that you want to have something to go online and online
709 |708 |01:11:23 ~-~-> 01:11:26 |and show people look how much money I made today. And nobody's impressed by
710 |709 |01:11:26 ~-~-> 01:11:33 |that. Nobody's impressed by that. Because if you can't make that bread for
711 |710 |01:11:33 ~-~-> 01:11:39 |real and eat on it, that means make real money with it. What difference does it
712 |711 |01:11:39 ~-~-> 01:11:44 |make? Everybody out there can get lucky, but this isn't luck. This is logic. This
713 |712 |01:11:44 ~-~-> 01:11:52 |is very, very specific rules. If it's doing this, then you can look for this.
714 |713 |01:11:52 ~-~-> 01:11:56 |When this does appear, then you can take action on it. And where's your stop go
715 |714 |01:11:56 ~-~-> 01:11:59 |above candlestick number two, if you're short and when you're bullish, it goes
716 |715 |01:11:59 ~-~-> 01:12:06 |below candlestick. Number two is low. How hard is that? It's not hard at all.
717 |716 |01:12:08 ~-~-> 01:12:14 |And you take what the market gives you, some days, it's going to be amazing. The
718 |717 |01:12:14 ~-~-> 01:12:18 |stop will be very small relative to the distance for where the first fair value
719 |718 |01:12:18 ~-~-> 01:12:26 |got forms in your entry would be at to half the gap. So anyway, you can see,
720 |719 |01:12:26 ~-~-> 01:12:31 |look at the characteristic of this market right now, double carried away
721 |720 |01:12:34 ~-~-> 01:12:40 |the it's just ranging. And that's classic, the day before FOMC. So I'm
722 |721 |01:12:40 ~-~-> 01:12:51 |going to strip this down to the two panel view, all right, and then I want
723 |722 |01:12:51 ~-~-> 01:12:59 |that 15 second on the right side. And this is your one minute chart. Take this
724 |723 |01:12:59 ~-~-> 01:13:07 |all here. All right, so see what they did here. We have these lows. This is
725 |724 |01:13:07 ~-~-> 01:13:13 |jagged on the bottom, and what's up here? Short term, buy side. I'm
726 |725 |01:13:23 ~-~-> 01:13:28 |in this fun, hidden learning with good old ICT fun. Give it a thumbs up if you
727 |726 |01:13:28 ~-~-> 01:13:32 |appreciate the fact that this gave you something that's going to pay your your
728 |727 |01:13:32 ~-~-> 01:13:36 |bills for the rest of your life. You don't have to pay for it either. No
729 |728 |01:13:36 ~-~-> 01:13:42 |mentorships required, no book sales required. You have to spend any money,
730 |729 |01:13:42 ~-~-> 01:13:47 |no money at all, and you got something that answers everything you'd ever need,
731 |730 |01:13:49 ~-~-> 01:13:53 |and it doesn't need to concern you. If it's going to stop working, they're
732 |731 |01:13:53 ~-~-> 01:13:57 |going to change your algorithm. It's literally, it's, it's something that's
733 |732 |01:13:57 ~-~-> 01:14:00 |going to repeat in perpetuity. As long as there's markets, there's going to be
734 |733 |01:14:00 ~-~-> 01:14:03 |an imbalance likely to happen in the morning session. You morning session.
735 |734 |01:14:03 ~-~-> 01:14:08 |It's always there, and that's how they use an entice initial market sentiment.
736 |735 |01:14:08 ~-~-> 01:14:13 |That's the purpose of the gap. It's not the buying and selling pressure. So all
737 |736 |01:14:13 ~-~-> 01:14:15 |right, over here, we have 15 second chart. I'm
738 |737 |01:14:25 ~-~-> 01:14:29 |a little spotty for 15 seconds because it's the day before FMC. I would
739 |738 |01:14:38 ~-~-> 01:14:42 |not be terribly excited about this afternoon. So I know some of you that
740 |739 |01:14:42 ~-~-> 01:14:47 |are watching you live stream try to avoid trading the afternoon. If you're
741 |740 |01:14:47 ~-~-> 01:14:51 |going to trade it, just do it and you're in privacy, because you could probably
742 |741 |01:14:51 ~-~-> 01:14:53 |be met with a little bit more difficulty, because you're getting
743 |742 |01:14:53 ~-~-> 01:14:57 |closer to the time when absolutely nobody wants to do anything in the
744 |743 |01:14:57 ~-~-> 01:15:02 |marketplace. Alright? So. Well, you can get a little bit more displacement here
745 |744 |01:15:02 ~-~-> 01:15:04 |on that candle. Give us a fair value
746 |745 |01:15:12 ~-~-> 01:15:15 |gap. Now, this is again, this is a drill. It's not meant for you to copy
747 |746 |01:15:15 ~-~-> 01:15:21 |me. It's for you to get a baseline see what if it runs right to that, if it
748 |747 |01:15:21 ~-~-> 01:15:32 |runs right to 1850 then we have to wait. Gotta give the gap on the 15 second.
749 |748 |01:15:40 ~-~-> 01:15:45 |But you're doing these drills as many times as you can afford. To do it with
750 |749 |01:15:45 ~-~-> 01:15:49 |your schedule. If you can only do like one or two a day, that's fine. It's just
751 |750 |01:15:49 ~-~-> 01:15:54 |like an exercise routine. You go into lower time frames finding relative equal
752 |751 |01:15:54 ~-~-> 01:15:59 |high or low, and you're not demanding your right? Okay, see that's not, don't
753 |752 |01:15:59 ~-~-> 01:16:04 |want, I don't want to see that Melanie, have my buttons open.
754 |753 |01:16:15 ~-~-> 01:16:20 |It's too close to the liquidity. I can wait. I don't have a job. I don't have
755 |754 |01:16:20 ~-~-> 01:16:29 |anything to do today, so I can stay here as long as it takes. Just be confident
756 |755 |01:16:29 ~-~-> 01:16:31 |that, you know, we can see these liquidity pools and see how easy it is,
757 |756 |01:16:31 ~-~-> 01:16:35 |right to it. And that's just one instance where it'll do these. And
758 |757 |01:16:35 ~-~-> 01:16:39 |that's it. That right there is something you should log. It didn't give you the
759 |758 |01:16:39 ~-~-> 01:16:47 |setup like running into this I mentioned earlier. That's what I was aiming for.
760 |759 |01:16:49 ~-~-> 01:16:52 |That's what I was aiming for. I wanted to get something in here with trade back
761 |760 |01:16:52 ~-~-> 01:16:55 |into a fair value gap and then catch that. So you guys be like, What the hell
762 |761 |01:16:55 ~-~-> 01:17:01 |he did it again? But sometimes they'll run without and the fair value gap just
763 |762 |01:17:01 ~-~-> 01:17:05 |doesn't it's not given to you. And you can get mad about it. You can say, oh,
764 |763 |01:17:05 ~-~-> 01:17:09 |man, I missed that move. Or you can say, you know, self, self, and say, this
765 |764 |01:17:09 ~-~-> 01:17:13 |stuff repeats. There's no need for me to worry about it. I'm going to find
766 |765 |01:17:13 ~-~-> 01:17:17 |another setup. All I do is sit here and relax. So let me go back to this real
767 |766 |01:17:17 ~-~-> 01:17:22 |quick. We had these lows here, and this was made jagged so cell stops down here
768 |767 |01:17:22 ~-~-> 01:17:26 |on the one minute chart were taken. Remember I was telling you earlier, if
769 |768 |01:17:26 ~-~-> 01:17:31 |you're going to be doing these exercises, be aware. You may not know
770 |769 |01:17:31 ~-~-> 01:17:35 |how to do this because you're you're learning, but figure out where the
771 |770 |01:17:35 ~-~-> 01:17:41 |higher Time Frame draw is, which was what I showed you earlier, up here at
772 |771 |01:17:41 ~-~-> 01:17:46 |926, level. And I mentioned beginning to stream these up here that that's these
773 |772 |01:17:46 ~-~-> 01:17:50 |are all potential draws because of this being the higher Time Frame reason for
774 |773 |01:17:50 ~-~-> 01:17:54 |markets that want to go up there, those relative equal highs that we were
775 |774 |01:17:54 ~-~-> 01:17:58 |watching in the September contract, that is the same level here just for the
776 |775 |01:17:58 ~-~-> 01:18:03 |December contract. So the prices are different, but the same, same school of
777 |776 |01:18:03 ~-~-> 01:18:07 |thought or reason to expect the trade there is still the same here, because
778 |777 |01:18:07 ~-~-> 01:18:11 |it's still relative equal. Highs on the December contract is if you go back and
779 |778 |01:18:11 ~-~-> 01:18:17 |look at the August, last week of august of 2024 in the December contract, it's a
780 |779 |01:18:17 ~-~-> 01:18:21 |lot of gap, gaping price action, but doesn't change the fact that it's too
781 |780 |01:18:21 ~-~-> 01:18:24 |smooth and we're most likely going to see it trade up in here. I'm not saying
782 |781 |01:18:24 ~-~-> 01:18:29 |it means to do it today, but as a higher Time Frame draw if you're going to be
783 |782 |01:18:29 ~-~-> 01:18:33 |doing these little exercises, get yourself desensitized to getting into
784 |783 |01:18:33 ~-~-> 01:18:37 |trades. Get yourself some experience pushing the button, managing a stop
785 |784 |01:18:37 ~-~-> 01:18:42 |loss, managing how you're going to endure getting it wrong, if you're
786 |785 |01:18:43 ~-~-> 01:18:47 |getting it stopped out, if it runs in your favor, it gives you all these
787 |786 |01:18:47 ~-~-> 01:18:51 |perfect little laboratory conditions where you're not influenced by the money
788 |787 |01:18:52 ~-~-> 01:18:55 |you're doing one contract. You're not trying to pyramid, you're not trying to
789 |788 |01:18:55 ~-~-> 01:18:59 |be perfect with your entry. You're just getting some kind of exposure in price
790 |789 |01:18:59 ~-~-> 01:19:04 |action. Well, if we know that this is likely the draw here on the daily chart,
791 |790 |01:19:05 ~-~-> 01:19:12 |then it's better for you to filter only going long if you're going to be using
792 |791 |01:19:12 ~-~-> 01:19:18 |it to take trades with monetization at the end of it as a result. But don't
793 |792 |01:19:18 ~-~-> 01:19:22 |think that way only while you're doing a baseline evaluation, because you want to
794 |793 |01:19:22 ~-~-> 01:19:26 |see what it's like when you do it wrong, or if you get into a trade and it runs
795 |794 |01:19:26 ~-~-> 01:19:30 |aggressively other way and doesn't go to your target, you need to identify how
796 |795 |01:19:30 ~-~-> 01:19:33 |you're going to respond to that. You need to you need to know that as soon as
797 |796 |01:19:33 ~-~-> 01:19:38 |you can in your trading, because it's going to highlight what your character
798 |797 |01:19:38 ~-~-> 01:19:42 |flaws are, and don't hide from it. It it doesn't mean that you're a bad person.
799 |798 |01:19:42 ~-~-> 01:19:45 |It doesn't mean you're a bad trader, or you can't become better with these
800 |799 |01:19:45 ~-~-> 01:19:50 |features and functions that every human being has them. Sometimes, some people
801 |800 |01:19:50 ~-~-> 01:19:56 |have really toxic, self defeating things about themselves, and they don't see it
802 |801 |01:19:56 ~-~-> 01:19:59 |that way. They like to sugarcoat it and pretend and put makeup on them and wear
803 |802 |01:19:59 ~-~-> 01:20:03 |a mask and. Say, you know, I don't have problems. It's everybody else, your
804 |803 |01:20:03 ~-~-> 01:20:08 |mentor talking to you. I have a lot of things that I wrestle with, and you you
805 |804 |01:20:08 ~-~-> 01:20:12 |as well, and they're going to materialize in your trading right now
806 |805 |01:20:12 ~-~-> 01:20:19 |we're looking at how prices respecting that September 1, new week opening gap.
807 |806 |01:20:19 ~-~-> 01:20:27 |There's an overlap of here. This low is a new week opening guide. Well, I'm
808 |807 |01:20:27 ~-~-> 01:20:29 |watching the bodies here on the one minute chart,
809 |808 |01:20:36 ~-~-> 01:20:43 |so we don't have any buy side to refer to here on the one minute chart. So we
810 |809 |01:20:43 ~-~-> 01:20:45 |got to go up one time frame.
811 |810 |01:20:52 ~-~-> 01:20:52 |Yeah,
812 |811 |01:21:00 ~-~-> 01:21:08 |there's those relative equal highs on the 60 minute chart for December
813 |812 |01:21:08 ~-~-> 01:21:17 |delivery the contract. All right, so we have this high right here. You see that
814 |813 |01:21:19 ~-~-> 01:21:29 |wide this out a little bit for the center contract. We have this high it's
815 |814 |01:21:29 ~-~-> 01:21:38 |moving still closer to the 19,009 26 level. So now that level, I'll change
816 |815 |01:21:38 ~-~-> 01:21:41 |its style a little bit so you can see it differently.
817 |816 |01:21:47 ~-~-> 01:21:51 |All right? So there's another pool. Look at the buy side, and it's framed on the
818 |817 |01:21:51 ~-~-> 01:21:59 |hourly chart, and all we're doing is providing a means of framing and
819 |818 |01:21:59 ~-~-> 01:22:04 |exercise. That's all it is. It's not a, I gotta be, right? It's it's not a, Mr.
820 |819 |01:22:04 ~-~-> 01:22:08 |Precise, it's not about you making money. Do not monetize it. Don't take a
821 |820 |01:22:08 ~-~-> 01:22:12 |trade on it. If I'm given something here to execute on you.
822 |821 |01:22:27 ~-~-> 01:22:33 |I would like to see this stay open, because we already, we already dropped
823 |822 |01:22:33 ~-~-> 01:22:33 |into it here
824 |823 |01:22:42 ~-~-> 01:22:47 |and it didn't stay open there, but I would seen it stay open if it started to
825 |824 |01:22:47 ~-~-> 01:22:51 |displace higher, then that could have created a fair value gap. That's what I
826 |825 |01:22:51 ~-~-> 01:22:51 |mean by
827 |826 |01:22:58 ~-~-> 01:23:05 |that. So new week, opening gap once at the Reverse, just about near Its high.
828 |827 |01:23:06 ~-~-> 01:23:07 |There I'm
829 |828 |01:24:00 ~-~-> 01:24:54 |All Right? I all I just did was annotate the minor buy side and sell side. How do
830 |829 |01:24:54 ~-~-> 01:24:57 |I know that there's buy side? Because the market turned here and went lower.
831 |830 |01:24:57 ~-~-> 01:25:03 |We created a swing low here. In this candlestick right there as soon as it
832 |831 |01:25:03 ~-~-> 01:25:08 |closed, that validated this as a swing low. So anyone that's long, they could
833 |832 |01:25:08 ~-~-> 01:25:11 |theoretically, and that's all we're doing theoretically, is assuming that
834 |833 |01:25:11 ~-~-> 01:25:15 |there's going to be some measure of stops below there, and then the buy side
835 |834 |01:25:15 ~-~-> 01:25:20 |would be here. I'm I
836 |835 |01:25:38 ~-~-> 01:25:46 |just missed it. Sorry I that candlestick right there when I hit that, that was
837 |836 |01:25:46 ~-~-> 01:25:52 |the entry for buy side. And then I would want To see inversion in here. I'm
838 |837 |01:26:40 ~-~-> 01:26:49 |right? We have this big block of back and forth price action, where it spent
839 |838 |01:26:49 ~-~-> 01:26:58 |time, a lot of time, back and forth in this range. So 19, 813, 50 is also
840 |839 |01:26:58 ~-~-> 01:27:09 |September's 13 daily high. So I'm not I'm not impressed with the run below the
841 |840 |01:27:09 ~-~-> 01:27:13 |short term low. Just to get to that level, it's not like I don't I don't see
842 |841 |01:27:13 ~-~-> 01:27:15 |it like it's breaking down. To keep going lower, it's going to have to prove
843 |842 |01:27:15 ~-~-> 01:27:22 |something significant to me on the downside, I'm more inclined to fish on
844 |843 |01:27:22 ~-~-> 01:27:27 |the upside, and it can drop, and it's fine. It won't, it won't be something
845 |844 |01:27:27 ~-~-> 01:27:31 |that would be regretful over, because you have to have rules. And the rules
846 |845 |01:27:31 ~-~-> 01:27:38 |here, I'm not trying to be short. We've already shown a willingness to gravitate
847 |846 |01:27:38 ~-~-> 01:27:49 |towards that 19. I 860, 2.75 level, and it's not even close to the relative
848 |847 |01:27:49 ~-~-> 01:27:52 |equal highs at the 926, level. I
849 |848 |01:28:04 ~-~-> 01:28:09 |a breaker, low, high, lower, low. This candles range, and we have that little
850 |849 |01:28:09 ~-~-> 01:28:12 |inefficiency there. That's where we're in. We're inside of that right now. So
851 |850 |01:28:12 ~-~-> 01:28:18 |I'm watching it. So we're inside of September 13, old daily high. And while
852 |851 |01:28:18 ~-~-> 01:28:22 |I'm talking on your own charts, you should drop a line on that September 13
853 |852 |01:28:22 ~-~-> 01:28:30 |daily high, and you'll see what that level is. But here's a breaker, so it
854 |853 |01:28:30 ~-~-> 01:28:36 |looks like this, so I'm not
855 |854 |01:28:42 ~-~-> 01:28:43 |inside that range right there.
856 |855 |01:28:58 ~-~-> 01:29:06 |Now, if we lose this range to the downside, then we may have done enough
857 |856 |01:29:06 ~-~-> 01:29:11 |for the morning session going into lunch macro, where they'll move against the
858 |857 |01:29:11 ~-~-> 01:29:17 |traders that have been long. That would be this sell side, resting right Here on
859 |858 |01:29:17 ~-~-> 01:29:18 |the left hand side chart. And
860 |859 |01:29:55 ~-~-> 01:29:56 |but it has to leave this blue shaded area i.
861 |860 |01:30:05 ~-~-> 01:30:07 |If the breaker wasn't there, this would be the
862 |861 |01:30:15 ~-~-> 01:30:17 |Short now, if I side goes to Here, I
863 |862 |01:30:47 ~-~-> 01:30:48 |There you go.
864 |863 |01:31:00 ~-~-> 01:31:07 |And new week opening gap that's going to go below here. It's reasonable to see
865 |864 |01:31:07 ~-~-> 01:31:09 |it. Try to reach into that as well. I'm
866 |865 |01:31:37 ~-~-> 01:31:38 |What time is it? I?
867 |866 |01:31:46 ~-~-> 01:31:58 |1015, 1110, macro, sell side. That little gap right there, that's the one,
868 |867 |01:31:58 ~-~-> 01:32:06 |but I wanted to see it come down and give me one tiny little gap below that.
869 |868 |01:32:06 ~-~-> 01:32:10 |That was the one I was wanting to aim on. But I gave you this before it
870 |869 |01:32:10 ~-~-> 01:32:14 |happened. So it's, it's a consolation prize. It's called that. I know some of
871 |870 |01:32:14 ~-~-> 01:32:21 |you are still hammering on whatever I'm saying. If you took that. Don't tell me,
872 |871 |01:32:21 ~-~-> 01:32:24 |people are still not listening to telling me in the comment section, this
873 |872 |01:32:24 ~-~-> 01:32:27 |is, this is what I took. It took right here. I made this. I passed my comment.
874 |873 |01:32:27 ~-~-> 01:32:27 |All
875 |874 |01:32:34 ~-~-> 01:32:40 |right, so day low here. I'm not convinced that they're going to come
876 |875 |01:32:40 ~-~-> 01:32:46 |down that far, but I'm willing to give it another opportunity to sweep below
877 |876 |01:32:46 ~-~-> 01:33:00 |here once more. So this low now becomes sell side. So any little rally in here,
878 |877 |01:33:01 ~-~-> 01:33:05 |as long as I don't go to the mean threshold of the breaker, that's this
879 |878 |01:33:05 ~-~-> 01:33:11 |range here on the one minute chart, then could be just setting up a retracement
880 |879 |01:33:11 ~-~-> 01:33:15 |here. Just dive one more time and get into new week opening gap. Well, then if
881 |880 |01:33:15 ~-~-> 01:33:20 |I can get a rally after that, I'll work with any fair value gap there to treat
882 |881 |01:33:20 ~-~-> 01:33:28 |back up to the breaker. If it can afford me 20 handles range. That's the that's
883 |882 |01:33:28 ~-~-> 01:33:33 |the filter. It's gotta give me at least 20 handles of where I try to get mad at
884 |883 |01:33:33 ~-~-> 01:33:37 |and where I'm trying to aim for. If I can't frame that, then I have to sit
885 |884 |01:33:37 ~-~-> 01:33:43 |still and it can we can see the moves coming, but it's not frameable based on
886 |885 |01:33:43 ~-~-> 01:33:48 |the watch come performing for Caleb, which is 20 handles run from entry you
887 |886 |01:34:00 ~-~-> 01:34:21 |now, because we're below this breaker, low, low, high, low or low, then rallied
888 |887 |01:34:22 ~-~-> 01:34:30 |to new week of putting gaps, broke down, went below the breaker here. So as long
889 |888 |01:34:30 ~-~-> 01:34:33 |as we're below half of this range, I
890 |889 |01:34:38 ~-~-> 01:34:41 |wouldn't be interested in anything long. I'm.
891 |890 |01:35:01 ~-~-> 01:35:04 |So what I'm saying is, I'm looking for some reason for the market to fail to
892 |891 |01:35:04 ~-~-> 01:35:09 |get above the midpoint. It can trade where it's at here. That's That's
893 |892 |01:35:09 ~-~-> 01:35:13 |normal. Can trade me up to it. But the gaps, the PD arrays, everything that I
894 |893 |01:35:13 ~-~-> 01:35:18 |have, that I key off of in price, they all have an inverted aspect to them, so
895 |894 |01:35:18 ~-~-> 01:35:24 |they can be treated the opposite. So what you think about classic Support
896 |895 |01:35:24 ~-~-> 01:35:28 |Resistance? I can apply that to these things here, but it's not classic
897 |896 |01:35:28 ~-~-> 01:35:33 |Support Resistance. It's very specific candles. It's very specific prices, the
898 |897 |01:35:33 ~-~-> 01:35:38 |low the lower quadrant and the halfway or mean threshold, because it's an order
899 |898 |01:35:38 ~-~-> 01:35:39 |block. So
900 |899 |01:35:44 ~-~-> 01:35:53 |so half of this breaker to its low. That's like the the area where the the
901 |900 |01:35:53 ~-~-> 01:35:59 |turn could happen in a run below this low, down the end in log, that would be
902 |901 |01:35:59 ~-~-> 01:36:05 |a setup. We have a gap here. If it runs away again, then It's just making my day
903 |902 |01:36:05 ~-~-> 01:36:06 |longer. You
904 |903 |01:36:40 ~-~-> 01:36:53 |I want to put a short one so that we can see trading against a higher Time Frame,
905 |904 |01:36:53 ~-~-> 01:36:58 |likely bias on a day prior to FOMC, late in the morning Session, i
906 |905 |01:38:31 ~-~-> 01:38:35 |i see it wanting to Take this short term high here first i
907 |906 |01:38:55 ~-~-> 01:38:59 |i see how much time it's staying inside that gap. Oh, here. You don't want to
908 |907 |01:38:59 ~-~-> 01:39:00 |see that,
909 |908 |01:39:11 ~-~-> 01:39:16 |and that would have stopped out so I could see where I'd be wrong. And as
910 |909 |01:39:16 ~-~-> 01:39:22 |much as it would probably entertain for some of you. If I would have took that
911 |910 |01:39:22 ~-~-> 01:39:31 |entry, I just know that it's not it's not there, it's not there yet. But using
912 |911 |01:39:31 ~-~-> 01:39:33 |that one, you would have been stopped out or I would have been stopped out
913 |912 |01:39:33 ~-~-> 01:39:41 |there. How did I know that? Because I think that this was too easy, too
914 |913 |01:39:41 ~-~-> 01:39:44 |shallow. And I think either they're going to send it higher or they're going
915 |914 |01:39:44 ~-~-> 01:39:48 |to take it right above this high Anyway, before it goes below these relative
916 |915 |01:39:48 ~-~-> 01:39:54 |equal lows. So in between that little I can justify both sides, and if I can do
917 |916 |01:39:54 ~-~-> 01:39:59 |that, it's not high probability. So it's given me the ability to show you. Caleb,
918 |917 |01:39:59 ~-~-> 01:40:05 |okay. That just because it looks like it's a fair value gap, where we at, what
919 |918 |01:40:05 ~-~-> 01:40:10 |time we're at, and how it just delivered that little tiny wick into the lower
920 |919 |01:40:10 ~-~-> 01:40:20 |half of that break I was annotating, I feel like we've pushed it up a little
921 |920 |01:40:20 ~-~-> 01:40:27 |bit from 930s high, we went lower. We consolidated. Made all of this in here
922 |921 |01:40:27 ~-~-> 01:40:33 |jagged him once more here after trading into the new week, opening gaps above
923 |922 |01:40:35 ~-~-> 01:40:46 |the initial high of the day, because we've had 1234, lows produced to the
924 |923 |01:40:46 ~-~-> 01:40:51 |downside. This is really, really jagged, and I'm I would be trying to sell short
925 |924 |01:40:52 ~-~-> 01:40:58 |in the very like low end of the of the range. So what would I be doing selling
926 |925 |01:40:58 ~-~-> 01:41:03 |here? I'm selling a discount. There's people out there want to buy something
927 |926 |01:41:04 ~-~-> 01:41:09 |cheap. So I'm watching this high here because that'll tell me what I want to
928 |927 |01:41:09 ~-~-> 01:41:16 |do. I told you I'm not leaving until I I get something that I can frame on and
929 |928 |01:41:16 ~-~-> 01:41:24 |look at this is this slowly gyriding up to that little high right there. So
930 |929 |01:41:24 ~-~-> 01:41:27 |anyone that's trying to be short or that is short, not that they're all using a
931 |930 |01:41:27 ~-~-> 01:41:31 |15 second chart, mind you, but you can see that high is also in the limited
932 |931 |01:41:31 ~-~-> 01:41:38 |chart. So you have to sit still sometimes, and if you don't know what
933 |932 |01:41:38 ~-~-> 01:41:43 |you're looking for, it could be frustrating, and just drag you nuts. But
934 |933 |01:41:46 ~-~-> 01:41:49 |there has to be some reason why you're taking the trade. You can't just simply
935 |934 |01:41:49 ~-~-> 01:41:53 |push the button to find out. I'm not here for that. I'm here to teach my son
936 |935 |01:41:53 ~-~-> 01:42:00 |patience, teach him look at things with rules, frame the probabilities and
937 |936 |01:42:00 ~-~-> 01:42:02 |justify why I will or why I won't.
938 |937 |01:42:14 ~-~-> 01:42:18 |Alright, so now we have somewhat of a balanced price range in here. I mean,
939 |938 |01:42:18 ~-~-> 01:42:23 |it's on the 15 second chart. I don't want to make too much of that. But this
940 |939 |01:42:23 ~-~-> 01:42:28 |little gap here, we're seeing these little tiny candlesticks reaching up. I
941 |940 |01:42:28 ~-~-> 01:42:33 |would like to see it just go above this high here and then come back down into
942 |941 |01:42:33 ~-~-> 01:42:41 |this inefficiency and see if it can support it with inversion
943 |942 |01:42:41 ~-~-> 01:42:44 |characteristics. Take this midline off.
944 |943 |01:42:49 ~-~-> 01:42:52 |Just bumped the low of that breaker block. I don't want
945 |944 |01:42:58 ~-~-> 01:43:01 |to see it hit the bottom of the breaker block and come down in here. I wanted to
946 |945 |01:43:01 ~-~-> 01:43:05 |see it take this high. I high, come down, hit that, and then if it shows
947 |946 |01:43:05 ~-~-> 01:43:08 |displacement higher off of that, then it to me, it's a little bit more
948 |947 |01:43:08 ~-~-> 01:43:13 |trustworthy to the upside. And then I can entertain maybe I run into the high
949 |948 |01:43:13 ~-~-> 01:43:16 |the breaker, or this inefficiency right there, I'm
950 |949 |01:43:36 ~-~-> 01:43:36 |Come on.
951 |950 |01:43:42 ~-~-> 01:44:03 |You. Now take a screenshot of what we're looking at here. This is exactly where
952 |951 |01:44:05 ~-~-> 01:44:09 |you can identify where you do not want to trade. I'm going to force myself to
953 |952 |01:44:09 ~-~-> 01:44:12 |trade in this environment because I want you to see the difficulties of it. I'll
954 |953 |01:44:12 ~-~-> 01:44:15 |probably going to fail in it. That's why I'm telling you. Don't, don't copy this
955 |954 |01:44:15 ~-~-> 01:44:20 |one. But I want you to see before I do anything, look at how it's behaving. Is
956 |955 |01:44:21 ~-~-> 01:44:25 |it animated? To try to get anywhere in a quick, fast, sudden manner? No, it's
957 |956 |01:44:25 ~-~-> 01:44:31 |just like I'm just moving around a little bit lethargically either side of
958 |957 |01:44:31 ~-~-> 01:44:36 |the marketplace. It should have dropped here, if this was a valid fair value
959 |958 |01:44:36 ~-~-> 01:44:41 |gap, which I told you, because of all the things that are on the one minute
960 |959 |01:44:41 ~-~-> 01:44:46 |chart that doesn't bode well for selling short, that that cheap or low in the in
961 |960 |01:44:46 ~-~-> 01:44:53 |the daily range after it's already had this big drop down. So this lunch macro,
962 |961 |01:44:53 ~-~-> 01:44:59 |where it took the sell side out over here, that right there, it might be the
963 |962 |01:44:59 ~-~-> 01:45:06 |low. And we could be higher in the afternoon. That's what I wanted right
964 |963 |01:45:06 ~-~-> 01:45:13 |there now, because this inefficiency is the only one that has any interest to me
965 |964 |01:45:13 ~-~-> 01:45:18 |at all. I want to see duty dive it back down into this, and then if it can hit
966 |965 |01:45:18 ~-~-> 01:45:24 |this, but not go through it with a body, if it can hit it and displace higher,
967 |966 |01:45:24 ~-~-> 01:45:28 |like a big, nice series of one or two candles to the upside, create an
968 |967 |01:45:28 ~-~-> 01:45:32 |inefficiency there, then that could be a catalyst to get us up into that
969 |968 |01:45:32 ~-~-> 01:45:39 |inefficiency there. Apologize. Caleb, I did not want the video to be this long.
970 |969 |01:45:40 ~-~-> 01:45:48 |Shut up. ICT, you're here till you're 90. You're here till you'll be doing
971 |970 |01:45:48 ~-~-> 01:45:55 |this till you're 90. That was a funny line of dipple, but I asked you to take
972 |971 |01:45:55 ~-~-> 01:46:03 |a screenshot because the way prices just meandering around. Okay? That is what
973 |972 |01:46:03 ~-~-> 01:46:09 |happens when the market enters a buy model. It just sent not, I'm sorry, buy
974 |973 |01:46:09 ~-~-> 01:46:12 |program where it just starts ticking higher. It doesn't matter how many
975 |974 |01:46:12 ~-~-> 01:46:15 |people are selling, shorter buying, it's just going to keep offering higher
976 |975 |01:46:15 ~-~-> 01:46:19 |prices, keep high, higher, higher, higher. And it starts squeezing and
977 |976 |01:46:19 ~-~-> 01:46:22 |squeezing and squeezing. And then as it gets to a level where there is
978 |977 |01:46:22 ~-~-> 01:46:26 |inefficiency or liquidity, and the one minute chart, you see it right here.
979 |978 |01:46:27 ~-~-> 01:46:29 |That's that short term high
980 |979 |01:46:34 ~-~-> 01:46:38 |these are very, very challenging conditions when it's behaving this way,
981 |980 |01:46:39 ~-~-> 01:46:47 |if you're if you're brand new. You can be smacked around a little bit or
982 |981 |01:46:47 ~-~-> 01:46:50 |frustrated. So
983 |982 |01:46:58 ~-~-> 01:47:00 |there's your buy side. You all
984 |983 |01:47:06 ~-~-> 01:47:12 |right, so then we're back above the mean threshold of that breaker over here.
985 |984 |01:47:13 ~-~-> 01:47:17 |That's this candlestick right there. It's the last up close candle right
986 |985 |01:47:17 ~-~-> 01:47:22 |before the drop down to a lower low there. So it's a low, high, lower, low.
987 |986 |01:47:31 ~-~-> 01:47:36 |It did not come down to hit this area here. It just kept booking price,
988 |987 |01:47:36 ~-~-> 01:47:39 |higher, higher, higher, higher, higher. So they're going to make a mad dash up
989 |988 |01:47:40 ~-~-> 01:47:43 |that attack these, these buy stops, I see
990 |989 |01:47:52 ~-~-> 01:47:52 |These drawings today,
991 |990 |01:48:00 ~-~-> 01:48:07 |calling it live. We're doing it live. See, push this to the back.
992 |991 |01:48:18 ~-~-> 01:48:30 |So we're back at September 13 daily high, top of the breaker now, because we
993 |992 |01:48:30 ~-~-> 01:48:37 |have this area of inefficiency. Now, mind you, it's anchored on a 32nd chart.
994 |993 |01:48:37 ~-~-> 01:48:41 |So bear that in mind, it's not like it's on an hourly chart, where, if this were
995 |994 |01:48:41 ~-~-> 01:48:45 |an inefficiency in this time frame, were a one hour chart or 60 minute chart,
996 |995 |01:48:46 ~-~-> 01:48:50 |price would have no problem going up with one single candle into this little
997 |996 |01:48:50 ~-~-> 01:48:54 |area. It can still do it on on the 15 second chart, that that's still a
998 |997 |01:48:54 ~-~-> 01:48:59 |characteristic. But because it's only in a 15 second chart that it has this
999 |998 |01:48:59 ~-~-> 01:49:03 |inefficiency there, because if you look at it right here, it's it's been offered
1000 |999 |01:49:03 ~-~-> 01:49:08 |by side delivery, and then this single candle on the one minute chart, inside
1001 |1000 |01:49:08 ~-~-> 01:49:15 |that moment charts range, we have this small little inefficiency there. So
1002 |1001 |01:49:16 ~-~-> 01:49:21 |keeping to the the rules, I'd still would like to see it Ram up in there
1003 |1002 |01:49:21 ~-~-> 01:49:24 |pretty quick. And if it's going to get in there, why not just take out the
1004 |1003 |01:49:24 ~-~-> 01:49:26 |liquidity right right there,
1005 |1004 |01:49:32 ~-~-> 01:49:37 |working towards the low end of that breaker, spiking through mean threshold,
1006 |1005 |01:49:37 ~-~-> 01:49:43 |which is the midpoint whenever there's an order block, half of that range is
1007 |1006 |01:49:43 ~-~-> 01:49:50 |always mean threshold. If it's a gap or a wick, the midpoint is constant
1008 |1007 |01:49:50 ~-~-> 01:49:55 |encroachment. The books will explain why those names were given to it. I just
1009 |1008 |01:49:55 ~-~-> 01:50:00 |don't want to talk about that publicly, because it makes people stupid. Um. Look
1010 |1009 |01:50:00 ~-~-> 01:50:06 |smart. That's it. Incorrectly. It makes stupid people or fraud. My people look
1011 |1010 |01:50:06 ~-~-> 01:50:14 |smart. There's no sense of helping them write their cliff note. Cliff note
1012 |1011 |01:50:14 ~-~-> 01:50:19 |version of my concept. Just to get a book out there, you don't even make a
1013 |1012 |01:50:19 ~-~-> 01:50:22 |lot of money on the books. I mean, it's not even that big of a profitable
1014 |1013 |01:50:22 ~-~-> 01:50:28 |venture. The only thing I'm concerned about is making sure I record it in the
1015 |1014 |01:50:28 ~-~-> 01:50:33 |annals of history, that this is what it is. This is who it came from, and now
1016 |1015 |01:50:33 ~-~-> 01:50:41 |it's my gift to you. All right, so we're at mean threshold, half of the breaker.
1017 |1016 |01:50:44 ~-~-> 01:50:52 |And we have an inefficiency right there. And like to see that be used as
1018 |1017 |01:50:52 ~-~-> 01:50:57 |inversion. So it would, you want to see it go away from a little bit and come
1019 |1018 |01:50:57 ~-~-> 01:51:05 |back down into it and it run up into the inefficiency right there.
1020 |1019 |01:51:10 ~-~-> 01:51:17 |Now look at the delivery of price here on the one minute chart. Watch how when
1021 |1020 |01:51:17 ~-~-> 01:51:26 |it goes higher. Do you see any gaps? This was immediate rebalance, really,
1022 |1021 |01:51:26 ~-~-> 01:51:30 |really, really, small, little volume imbalance there, but no fair value. Got
1023 |1022 |01:51:30 ~-~-> 01:51:37 |see that and then delivered to the high the breaker. This is classy, and so I
1024 |1023 |01:51:37 ~-~-> 01:51:40 |tell you, take a screenshot of that, because when you start seeing price
1025 |1024 |01:51:40 ~-~-> 01:51:45 |doing this. That is the algorithm in a buy program. That means it's simply
1026 |1025 |01:51:45 ~-~-> 01:51:49 |going to keep offering higher prices. It does not matter what your little book
1027 |1026 |01:51:49 ~-~-> 01:51:53 |map things say. Doesn't matter what your liquidity things say. It means it's just
1028 |1027 |01:51:53 ~-~-> 01:51:57 |going to start marching higher, higher, higher, higher. That was the reason why
1029 |1028 |01:51:57 ~-~-> 01:52:00 |I stopped. I was going to take the short in here, just to illustrate. This is
1030 |1029 |01:52:00 ~-~-> 01:52:04 |shorting. And I was like, You know what? Why do that? It's better for me to
1031 |1030 |01:52:04 ~-~-> 01:52:09 |illustrate why that's not even a good one. So the screenshot of you seeing how
1032 |1031 |01:52:09 ~-~-> 01:52:15 |price is not giving you any kind of fair value gap. It's just one steady just
1033 |1032 |01:52:15 ~-~-> 01:52:18 |booking, higher booking, higher booking, higher booking, higher and no
1034 |1033 |01:52:18 ~-~-> 01:52:23 |inefficiency. So if you're offside in that it's very, very painful, extremely
1035 |1034 |01:52:23 ~-~-> 01:52:27 |painful. Notice the bodies, we never left it and came back down. The bodies
1036 |1035 |01:52:27 ~-~-> 01:52:32 |are staying inside of it. So is that? Is that displacement to the outside? No, I
1037 |1036 |01:52:47 ~-~-> 01:52:51 |I thought you had me. Didn't you feel? Yeah, yeah.
1038 |1037 |01:53:00 ~-~-> 01:53:00 |All right, I'm
1039 |1038 |01:53:32 ~-~-> 01:53:37 |if you weren't here today, what would you be doing, wasting your time. You're
1040 |1039 |01:53:37 ~-~-> 01:53:43 |learning how to read and navigate price action, navigating it, understanding why
1041 |1040 |01:53:43 ~-~-> 01:53:51 |it should or shouldn't, everything I can't do in a book. Imagine these as
1042 |1041 |01:53:51 ~-~-> 01:53:56 |chapters in a book. It's, it's very hard to write that kind of stuff and make it
1043 |1042 |01:53:56 ~-~-> 01:54:05 |make sense. It's, you have to see it. That's why. Hate to say it, but 99.99%
1044 |1043 |01:54:07 ~-~-> 01:54:13 |of any trading books are useless because a static picture and a couple paragraphs
1045 |1044 |01:54:13 ~-~-> 01:54:18 |or whatnot doesn't adequately describe what it's communicating. I'm sure the
1046 |1045 |01:54:18 ~-~-> 01:54:22 |authors are well intended. I would have intentions, because I don't mind
1047 |1046 |01:54:22 ~-~-> 01:54:26 |spending time bliviating in great detail about what I expect to see in price. I
1048 |1047 |01:54:28 ~-~-> 01:54:34 |want to see this small little portion stay open, and now, because we had this
1049 |1048 |01:54:34 ~-~-> 01:54:39 |nice little retracement up in here, I'll explore the downside. I want to see if
1050 |1049 |01:54:39 ~-~-> 01:54:43 |we can get to mean threshold. I'm sorry, consequence, correction of this gap, no
1051 |1050 |01:54:53 ~-~-> 01:54:57 |stains out there. All right, wait, I'll wait for it again. Do.
1052 |1051 |01:55:08 ~-~-> 01:55:11 |I believe it's going below this low. So that way we understand what I'm
1053 |1052 |01:55:11 ~-~-> 01:55:15 |expecting. We had this nice, deep retracement. It pressed higher, higher,
1054 |1053 |01:55:15 ~-~-> 01:55:20 |higher, higher, higher, higher, higher, to the top of the breaker. We couldn't
1055 |1054 |01:55:20 ~-~-> 01:55:24 |find inversion there. All the bodies stayed inside of it. Nice displacement
1056 |1055 |01:55:24 ~-~-> 01:55:28 |to the downside. We rally back up. I want to see this small little segment of
1057 |1056 |01:55:28 ~-~-> 01:55:32 |price action here stay open, meaning that I don't want to see it trade back
1058 |1057 |01:55:32 ~-~-> 01:55:35 |to the bottom of that blue box or into that volume of balance. I like to see
1059 |1058 |01:55:35 ~-~-> 01:55:40 |that stuff stay there. And if we can find ourselves heavy in this area, that
1060 |1059 |01:55:40 ~-~-> 01:55:44 |should allow for a run to get to the sales up. They still have to wait for
1061 |1060 |01:55:44 ~-~-> 01:55:47 |the fair value gap. That makes sense, and that isn't making sense yet. It's
1062 |1061 |01:55:47 ~-~-> 01:55:50 |got to still work out the creases.
1063 |1062 |01:55:58 ~-~-> 01:56:04 |So knowing how you can fail, knowing how you can lose money, identifying it and
1064 |1063 |01:56:04 ~-~-> 01:56:10 |saying, No, this isn't it. That's going to come with experience. It's not a
1065 |1064 |01:56:10 ~-~-> 01:56:14 |matter of going out there and try to trade everything and make money. The
1066 |1065 |01:56:14 ~-~-> 01:56:23 |main thing is capital preservation. See, I don't want that. I ideally it should
1067 |1066 |01:56:23 ~-~-> 01:56:29 |have went to consequent encouragement of that gap right there. Why that one?
1068 |1067 |01:56:29 ~-~-> 01:56:34 |Because it's matching basically this one, single candle up, single candle
1069 |1068 |01:56:34 ~-~-> 01:56:38 |down. They're sharing the same spatial range between their highs and lows that
1070 |1069 |01:56:38 ~-~-> 01:56:43 |make this imbalances. So that's a balanced price range, so I want to see
1071 |1070 |01:56:43 ~-~-> 01:56:47 |it trade down below it and show a willingness to hit half of that and then
1072 |1071 |01:56:47 ~-~-> 01:56:51 |drop. Then that drop would be candlestick number two of a fair value
1073 |1072 |01:56:51 ~-~-> 01:56:54 |gap that I could use to get in, to get short and then run down here. But since
1074 |1073 |01:56:54 ~-~-> 01:56:56 |it's not doing that, I have to sit still. I'm
1075 |1074 |01:57:03 ~-~-> 01:57:10 |now we got the volume of balance redelivered too, and now we're at, I
1076 |1075 |01:57:10 ~-~-> 01:57:20 |mean, it could, it could roll over here lower, but it needs to show a
1077 |1076 |01:57:20 ~-~-> 01:57:26 |displacement sharp, way down and down. So I want something at mid range of this
1078 |1077 |01:57:26 ~-~-> 01:57:31 |gap down here, even though this is a higher price, that if it's going to
1079 |1078 |01:57:31 ~-~-> 01:57:35 |drop, this would be a better entry, because it's a higher premium price. I
1080 |1079 |01:57:35 ~-~-> 01:57:38 |don't I don't trust that my entry there would be sound. I
1081 |1080 |01:57:44 ~-~-> 01:57:47 |watch that wick right here. I
1082 |1081 |01:58:51 ~-~-> 01:58:56 |now I don't want to see if I want to try to frame it out of which is I'm trying
1083 |1082 |01:58:56 ~-~-> 01:59:00 |to force myself into taking a short to this low. Yeah, I don't want to see it
1084 |1083 |01:59:00 ~-~-> 01:59:06 |support price there. I like to see it lay down a candlestick, but not close
1085 |1084 |01:59:06 ~-~-> 01:59:14 |outside the low of it and create A inefficiency so I can position inside of
1086 |1085 |01:59:14 ~-~-> 01:59:14 |that I'm
1087 |1086 |01:59:40 ~-~-> 01:59:56 |uh, volume and balance delivered to that. Now this right here. Just deliver
1088 |1087 |01:59:56 ~-~-> 02:00:00 |it, man, there you go. Now, don't run away. Don't run away. Don't run away.
1089 |1088 |02:00:00 ~-~-> 02:00:01 |Don't run away yet. I'm
1090 |1089 |02:00:12 ~-~-> 02:00:19 |gonna see if we can touch the bottom of that inversion fair value gap. Not yet.
1091 |1090 |02:00:19 ~-~-> 02:00:32 |I'm blame the balance right there, and, oh, you fucking kidding me. Okay, well,
1092 |1091 |02:00:33 ~-~-> 02:00:38 |we're gonna have to pretend. Okay, the stop loss would have to be above this
1093 |1092 |02:00:38 ~-~-> 02:00:43 |candle sticks, consequent crochet of the wick, that's where my stock would be. So
1094 |1093 |02:00:43 ~-~-> 02:00:47 |that way you can see, you can see where it would be at. Told you I teach for the
1095 |1094 |02:00:47 ~-~-> 02:00:48 |demo. So some of you,
1096 |1095 |02:00:56 ~-~-> 02:01:02 |okay, so it would be one tick above that, and the limit order would be at
1097 |1096 |02:01:02 ~-~-> 02:01:13 |that price, okay, 745, and a quarter. It's this fair value gap there. Trading
1098 |1097 |02:01:13 ~-~-> 02:01:26 |view. Come on now. This is the gap right there. That's how it's eyeballing. There
1099 |1098 |02:01:35 ~-~-> 02:01:44 |you go. You can take a partial there. I
1100 |1099 |02:02:06 ~-~-> 02:02:14 |not as sexy as is when you see the executions, that's okay. I'll work with
1101 |1100 |02:02:14 ~-~-> 02:02:15 |it with yellow.
1102 |1101 |02:02:28 ~-~-> 02:02:32 |Trading view, you cannot do any maintenance during live streams to ICT,
1103 |1102 |02:02:32 ~-~-> 02:02:39 |okay, it's not good for marketing. For you, it's not good. So always see what
1104 |1103 |02:02:39 ~-~-> 02:02:42 |time you plan on doing maintenance. Schedule outside the times. I'm going to
1105 |1104 |02:02:42 ~-~-> 02:02:52 |be live streaming. So you would be in with the stop that covers The costs, and
1106 |1105 |02:02:52 ~-~-> 02:02:58 |you'd be In one partial already. So
1107 |1106 |02:03:40 ~-~-> 02:04:01 |I Got some relative equal loads. There.
1108 |1107 |02:04:22 ~-~-> 02:04:39 |You that would be a partial tonight, have two partials booked. Stop what
1109 |1108 |02:04:39 ~-~-> 02:04:43 |state rate where it's at, so it doesn't matter where it goes. Now, you stick
1110 |1109 |02:04:43 ~-~-> 02:04:50 |with it and aim for this lower here, and just relax that whatever's going to
1111 |1110 |02:04:50 ~-~-> 02:04:51 |happen, happen. You.
1112 |1111 |02:05:20 ~-~-> 02:05:22 |I start with Roll to here And
1113 |1112 |02:06:31 ~-~-> 02:06:36 |and you'd stop out on the balance there, and you do all your markups to get all
1114 |1113 |02:06:36 ~-~-> 02:06:41 |your information from where you were entering. What was a total drawdown, how
1115 |1114 |02:06:41 ~-~-> 02:06:46 |much heat, in other words, the tree would have had placed on you. And you
1116 |1115 |02:06:46 ~-~-> 02:06:50 |take your partials, where I was queuing up. Audibly, you would take a partial,
1117 |1116 |02:06:51 ~-~-> 02:06:55 |and then the partial here, and we rolled the stop down, because once we have a
1118 |1117 |02:06:55 ~-~-> 02:07:03 |partial, a second one, and we're getting close to the low. We're looking for this
1119 |1118 |02:07:04 ~-~-> 02:07:08 |this low here, and the rejection block is what I was looking at. And that's why
1120 |1119 |02:07:08 ~-~-> 02:07:12 |I said to drop the stop theoretically, hypothetically to here, because what
1121 |1120 |02:07:12 ~-~-> 02:07:16 |we're doing is what I taught you in this mentorship, where, if you don't know how
1122 |1121 |02:07:16 ~-~-> 02:07:22 |to time or select the partials to get out of the trade with pieces of it and
1123 |1122 |02:07:22 ~-~-> 02:07:29 |profit by chasing down a recent high. Just let the market take you out. It
1124 |1123 |02:07:29 ~-~-> 02:07:34 |removes all the worry about which one should I do, or how should I manage it?
1125 |1124 |02:07:34 ~-~-> 02:07:39 |You got two partials. You let the market take you out. And it doesn't have to go
1126 |1125 |02:07:39 ~-~-> 02:07:44 |down and take this low out. It's just the target. So it removes all of the I
1127 |1126 |02:07:44 ~-~-> 02:07:48 |have to be right stuff that everybody thinks that I teach, I don't teach that
1128 |1127 |02:07:48 ~-~-> 02:07:55 |you have to be right. Now, admittedly, I'm a little disappointed, because I
1129 |1128 |02:07:55 ~-~-> 02:08:02 |absolutely wanted to be in this to show you with with one contract, how the
1130 |1129 |02:08:02 ~-~-> 02:08:09 |stock would have been managed. So it's kind of like it's not as good as it
1131 |1130 |02:08:09 ~-~-> 02:08:13 |would have been if I would have been in it. So, but I know some of you are out
1132 |1131 |02:08:13 ~-~-> 02:08:17 |there taking this, and as much as I don't want you doing it, I gave you
1133 |1132 |02:08:17 ~-~-> 02:08:23 |guidance, because I know you probably are doing more than one contract. So not
1134 |1133 |02:08:23 ~-~-> 02:08:27 |an easy session. I mean, it's not impossible. Obviously you can see what
1135 |1134 |02:08:27 ~-~-> 02:08:31 |we are looking for, and everything outlined is in the video. You'll be able
1136 |1135 |02:08:31 ~-~-> 02:08:36 |to listen to it and see it, but framing it where it makes sense, it has to make
1137 |1136 |02:08:36 ~-~-> 02:08:41 |sense. Just because prices moving around doesn't mean I have to be in there.
1138 |1137 |02:08:41 ~-~-> 02:08:45 |Doesn't mean you have to be in there. But finding a setup, getting in and
1139 |1138 |02:08:45 ~-~-> 02:08:50 |getting 20 handles, 2025 handles, something like that. That's a nice
1140 |1139 |02:08:50 ~-~-> 02:08:55 |little bread and butter type setup. There's opportunities where you can go
1141 |1140 |02:08:55 ~-~-> 02:08:59 |back through price action. The main takeaway today is, is identifying how
1142 |1141 |02:08:59 ~-~-> 02:09:06 |price was delivering all this run up to the top of the breaker here. All of this
1143 |1142 |02:09:06 ~-~-> 02:09:15 |is all one sided, all of this on the one minute chart that makes it hard to find
1144 |1143 |02:09:15 ~-~-> 02:09:21 |an inefficiency in you have to just let it go. And then it'll do this. It'll
1145 |1144 |02:09:21 ~-~-> 02:09:25 |give up the ghost, basically, and just boom, you'll see an energetic run. And
1146 |1145 |02:09:25 ~-~-> 02:09:31 |then here, big energetic run. I wanted to see this stay open. Now, why would I
1147 |1146 |02:09:31 ~-~-> 02:09:36 |would have seen that? Because if this is the low I'm aiming for here, if this
1148 |1147 |02:09:36 ~-~-> 02:09:39 |would have stayed open, this would have been a whole lot faster and quicker.
1149 |1148 |02:09:39 ~-~-> 02:09:43 |It's still very well may go down there, but it would have been a lot less of
1150 |1149 |02:09:43 ~-~-> 02:09:47 |this kind of stuff. It just would have been I fell out of bed there it is done,
1151 |1150 |02:09:47 ~-~-> 02:09:55 |and I would have been less inclined to tell you where the stop would have been
1152 |1151 |02:09:55 ~-~-> 02:10:00 |dropped, down to here that would have stayed at where it was initially one. It
1153 |1152 |02:10:00 ~-~-> 02:10:05 |covered costs. It would, it would have stayed there, and then the run below
1154 |1153 |02:10:05 ~-~-> 02:10:09 |this and into new week, opening gap down here, which is still, you know,
1155 |1154 |02:10:10 ~-~-> 02:10:15 |something that could potentially pan out. So I did my best with working with
1156 |1155 |02:10:15 ~-~-> 02:10:22 |what was given to us today, teaching how to wait for a setup, being very critical
1157 |1156 |02:10:22 ~-~-> 02:10:27 |of the framework, the things that I would like to look for. You saw me try
1158 |1157 |02:10:27 ~-~-> 02:10:32 |to go in, but it's not it's not my fault that the trading view was doing
1159 |1158 |02:10:32 ~-~-> 02:10:35 |maintenance on their paper trading thing. I have to teach in a paper
1160 |1159 |02:10:35 ~-~-> 02:10:38 |trading account. I'm a licensed trade advisor. None of these things should be
1161 |1160 |02:10:38 ~-~-> 02:10:41 |inspiration for you to go and trade with your real money. I can't control what
1162 |1161 |02:10:41 ~-~-> 02:10:46 |you're going to do, but I am asking you, if you follow this and you made money,
1163 |1162 |02:10:46 ~-~-> 02:10:50 |please don't tell me. I don't want to know about it. That's not what we're
1164 |1163 |02:10:50 ~-~-> 02:10:54 |having here. We're not a signal service. I'm not a signal provider. I'm trying to
1165 |1164 |02:10:54 ~-~-> 02:10:58 |teach you how to reprice action, live with logic that I teach on this YouTube
1166 |1165 |02:10:58 ~-~-> 02:11:02 |channel. It's up to you to decide whether or not there's any value in
1167 |1166 |02:11:02 ~-~-> 02:11:05 |this. I personally would love to have had this information presented to me,
1168 |1167 |02:11:05 ~-~-> 02:11:11 |and especially if it's for free, and I'm trying to help my son have all the
1169 |1168 |02:11:11 ~-~-> 02:11:17 |advantages and remove as much as I humanly possibly can, as both his dad
1170 |1169 |02:11:17 ~-~-> 02:11:21 |and the mentor of the treating side of it, to help him remove the likelihood of
1171 |1170 |02:11:21 ~-~-> 02:11:27 |him hurting himself and making his progress as easy as it can be done. But
1172 |1171 |02:11:27 ~-~-> 02:11:30 |still, you know, you still going to put the put the effort behind it, and it's
1173 |1172 |02:11:30 ~-~-> 02:11:37 |not going to happen real fast. Okay, so hopefully you got something from this.
1174 |1173 |02:11:37 ~-~-> 02:11:41 |Admittedly, my obsessively compulsive side is a little flared up right now
1175 |1174 |02:11:41 ~-~-> 02:11:46 |because I I don't like the fact that it didn't let me get in it, but at least I
1176 |1175 |02:11:46 ~-~-> 02:11:50 |was able to outline it for you. So hopefully that's enough consolation
1177 |1176 |02:11:50 ~-~-> 02:11:54 |prize for what we've seen here today. If you learn something from this today,
1178 |1177 |02:11:55 ~-~-> 02:12:00 |leave a comment in the community post after this stream closes, I usually go
1179 |1178 |02:12:00 ~-~-> 02:12:03 |over to my community post on YouTube channel and I put the date up, and I'll
1180 |1179 |02:12:03 ~-~-> 02:12:07 |ask you, what did you learn with this live stream? And it's the date in
1181 |1180 |02:12:07 ~-~-> 02:12:11 |today's live stream. If you learned anything, you know, I'd like to know
1182 |1181 |02:12:11 ~-~-> 02:12:17 |what helped you. And if you didn't learn anything, I don't care to know that,
1183 |1182 |02:12:17 ~-~-> 02:12:22 |because when I see that, I just simply, I block you because that that comment is
1184 |1183 |02:12:22 ~-~-> 02:12:26 |just waste the stuff is waste of time. You're wasting time writing it, and I'm
1185 |1184 |02:12:26 ~-~-> 02:12:30 |wasting my time leaving you accessible to me. I'm not going to give you my
1186 |1185 |02:12:30 ~-~-> 02:12:33 |time. It doesn't mean you can't watch my stuff. It just means that I won't ever
1187 |1186 |02:12:33 ~-~-> 02:12:37 |see your comment again. Now on Twitter, everybody is open like you can you can
1188 |1187 |02:12:37 ~-~-> 02:12:40 |tell me anything there. If you learn something, tell me what you learned
1189 |1188 |02:12:40 ~-~-> 02:12:44 |there. It's more dynamic. If I see something I really like, or felt like I
1190 |1189 |02:12:44 ~-~-> 02:12:49 |stuck a nerve in the good side, in a good sense, I might respond to you, but
1191 |1190 |02:12:49 ~-~-> 02:12:56 |until I talk to you on Thursday, because tomorrow, again, Wednesday is flmc. I
1192 |1191 |02:12:56 ~-~-> 02:13:00 |have a guy that's saying he's going to live stream, so I want to, kind of like
1193 |1192 |02:13:00 ~-~-> 02:13:02 |sit in and watch whatever he's he's doing, I don't know. And I'll be
1194 |1193 |02:13:04 ~-~-> 02:13:08 |sticking my head in to some of my students live streams and watching
1195 |1194 |02:13:08 ~-~-> 02:13:13 |watching them do their thing tomorrow, and I'll be back at it again on
1196 |1195 |02:13:13 ~-~-> 02:13:19 |Thursday, Lord willing, right around 920 ish, right before the opening bell. So
1197 |1196 |02:13:19 ~-~-> 02:13:21 |until I talk to you, then be safe you.