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ICT YT - 2024-09-19 - ICT 2024 Mentorship - Lecture 30

Last modified by Drunk Monkey on 2024-09-25 09:33
1 00:00:26 --> 00:00:35 ICT: Well, good morning, folks. How are you welcome? Welcome, welcome. Just
2 00:00:35 --> 00:00:48 waiting for the opening tick here so I can get the I me open the ranks gap. See
3 00:00:48 --> 00:00:50 if I can hear this old man talking
4 00:01:02 --> 00:01:09 four more seconds. All right, there we go.
5 00:01:15 --> 00:01:19 All right, so we have a mid gap, 19,008, 43, I
6 00:01:26 --> 00:01:38 so in Upper charts, and I wanted to do that for the micro NASDAQ as well. So
7 00:01:38 --> 00:01:43 for folks that don't have the amount of capital that's required to trade a mini
8 00:01:43 --> 00:01:51 contract. Good morning again, by the way. Hope you're doing well. You can
9 00:01:51 --> 00:01:56 trade the micro, and you can actually do very well trading just the micro. And
10 00:01:56 --> 00:02:01 we're going to compare and contrast what we see in relationship between the two.
11 00:02:16 --> 00:02:20 Upper left, I'm sorry, upper right hand corner chart is the micro December
12 00:02:20 --> 00:02:29 contract, and it's a 15 second chart. And the lower right is the 15 second
13 00:02:29 --> 00:02:35 chart of the mini December contract for NQ one minute charts, respectively. On
14 00:02:35 --> 00:02:40 the left hand side, micro NASDAQ for December delivery. Upper left, lower
15 00:02:40 --> 00:02:46 left is December contract for the Mini.
16 00:02:57 --> 00:03:05 Okay, so really large opening range gap always give the chance for the market to
17 00:03:05 --> 00:03:10 try to give the public some reason to chase it when there's a huge gap like
18 00:03:10 --> 00:03:10 that.
19 00:03:19 --> 00:03:26 I have an appointment I have to be at today, so I will certainly do my best to
20 00:03:26 --> 00:03:31 do a execution. If I have to do it on a 15 second, I will, but I'm trying to use
21 00:03:31 --> 00:03:40 the one minute for my execution. If I can't do one today during the session,
22 00:03:40 --> 00:03:43 I'll try to do my best to come in and do the afternoon last hour, I'll live
23 00:03:43 --> 00:03:48 stream that. So if I can get an execution off win or lose during the
24 00:03:48 --> 00:03:55 live stream the if I get one this morning, I won't be on the last hour,
25 00:03:55 --> 00:03:58 trading in a live stream today. But if I can't get one, then I will live stream
26 00:03:58 --> 00:04:02 this afternoon. But I absolutely have to close the stream today at 1030 so
27 00:04:04 --> 00:04:08 usually I'll say that stuff and I'll stay longer, but that can't happen
28 00:04:08 --> 00:04:10 today. Absolutely have to get out of
29 00:04:19 --> 00:04:24 here. Okay, so look at this huge gap in here. Upper left hand corner will
30 00:04:27 --> 00:04:38 graphically depict that with this here huge gap. And obviously the same thing
31 00:04:38 --> 00:04:41 appears here in the mini
32 00:04:47 --> 00:04:53 so, as most of you know, last week or so, we were really eyeballing that
33 00:04:55 --> 00:05:03 August 27 through to August 29 2024 and. A 60 minute relative equal highs on
34 00:05:03 --> 00:05:12 NASDAQ, and when we rolled over Tuesday for September's delivery to December's
35 00:05:12 --> 00:05:17 delivery, that means we're no longer trading or watching the September
36 00:05:17 --> 00:05:21 contract. We're watching the December contract. And I failed to mention what
37 00:05:21 --> 00:05:32 the catalyst was for me to determine the rollover, and I'm watching this over
38 00:05:32 --> 00:05:41 here. You guys are always trying to call me throwing the live streams, and I'm
39 00:05:41 --> 00:05:50 not interested in talking to you, so stop doing that. That's the problem with
40 00:05:50 --> 00:05:54 the Freedom of Information Act. Everybody can do a search, but I'm gonna
41 00:05:54 --> 00:05:59 get a phone number here shortly that's not linked to me at all, and this phone
42 00:05:59 --> 00:06:08 number is gonna go away because you all have abused it. All right, so we have a
43 00:06:08 --> 00:06:16 lot of range between where we opened all the way down to mid gap. So 19,008
44 00:06:17 --> 00:06:28 43.50, and 18,000 I'm sorry, 19,008 44 and a half for the micro. So they're
45 00:06:28 --> 00:06:33 very close. It's only off by a tick, or no, I'm sorry, a full, full handle. So
46 00:06:33 --> 00:06:43 it's 44.5 for the micro. And the mini shown is 843, and a half. I'm
47 00:07:07 --> 00:07:15 now, just for the sake of your notes and whatnot, if we weren't seeing such a
48 00:07:16 --> 00:07:23 several 100 handle opening gap this area, right here on the 15 second chart.
49 00:07:23 --> 00:07:26 I would have already used that for institutional overflow entry drill, so I
50 00:07:26 --> 00:07:30 would already have a initial position on but because it's such a large gap, I'm
51 00:07:30 --> 00:07:35 giving a chance for the market to try to make an attempt to run on its initial
52 00:07:35 --> 00:07:43 high, there's plenty of range there. As I, as I showed the other day during
53 00:07:43 --> 00:07:53 FOMC, if I was watching another YouTuber cover what he does and wasn't trading
54 00:07:53 --> 00:07:58 until the last few minutes when I was going to leave that YouTuber stream, I
55 00:07:58 --> 00:08:05 just put something on shared it on my Twitter. Or x again, I refuse to call it
56 00:08:05 --> 00:08:07 excellent. Something needs sense. Sounds pornographic. I
57 00:08:25 --> 00:08:30 uh, the execution I'll do today on the micro. I have been asked several times,
58 00:08:30 --> 00:08:38 can I do it on the micro, and how can we use the CFDs that I will do that
59 00:08:38 --> 00:08:47 tomorrow. So the topic for trading, the US 100 the US 500 and US 30. We'll put
60 00:08:47 --> 00:08:52 the chart side by side, and I'll, I'll read it with you live, so that we, for
61 00:08:52 --> 00:08:57 the folks that can't trade the futures market, and you're kind of like, stuck
62 00:08:57 --> 00:09:01 to just doing CFD trading, like like Tom, who guard, for instance, he trades
63 00:09:01 --> 00:09:07 the CFD markets. But as Americans, we're not legally allowed to trade them, okay,
64 00:09:07 --> 00:09:11 which is why, I think it's kind of funny how you know other influencers will say
65 00:09:11 --> 00:09:14 they're making this much money trading CFDs. How do you how do you justify
66 00:09:15 --> 00:09:18 where that money's coming from? Because you're not legally allowed to do that in
67 00:09:18 --> 00:09:28 United States. Just a little reason to make you wonder. Okay, so far, that's
68 00:09:28 --> 00:09:33 what I was explaining earlier. If we didn't have that multi, several 100
69 00:09:33 --> 00:09:42 handle gap up, if it was say, like a 60 handle, 50 handle, certainly 40 handles,
70 00:09:43 --> 00:09:47 if it would have gap just that much from yesterday's settlement price this right
71 00:09:48 --> 00:09:52 here, that would have been an entry for me. But because it's like this, we have
72 00:09:52 --> 00:09:59 that really, really large opening range, gap always give the opportunity for the
73 00:09:59 --> 00:10:03 mark. To do like this, okay, I'm winding down a little bit and then start running
74 00:10:03 --> 00:10:08 and take out the high, because it could continuously keep going higher. And I
75 00:10:08 --> 00:10:15 expect that type of thing to happen, because I look at that as an an amazing
76 00:10:15 --> 00:10:20 track for retail to say, Yeah, I want to keep going. It's broke out. Just think
77 00:10:20 --> 00:10:25 about like that. Most traders that are retail perspective minded, they like
78 00:10:25 --> 00:10:28 breakouts. They like confirmation type setups where something has done
79 00:10:28 --> 00:10:32 something it's moved already. Like, for instance, they now they see this, and
80 00:10:32 --> 00:10:37 they want to be a buyer now. So they like to chase, they like to use
81 00:10:37 --> 00:10:42 breakouts. And, you know, buying about above old high, you're basically buying
82 00:10:42 --> 00:10:46 something that's already been moving up. And how are you going to have a
83 00:10:46 --> 00:10:51 reasonable stop loss when you're buying at the highest high, at the time of the
84 00:10:51 --> 00:10:57 session? How much of retracement Are you going to absorb? So it's it doesn't make
85 00:10:57 --> 00:11:02 sense, but it also affords you the comfort of managing that fear, of
86 00:11:02 --> 00:11:07 missing out, or impatience, just simply wait. Let them take the initial high
87 00:11:07 --> 00:11:12 out. If they don't, there's plenty of opportunity to get into the move with a
88 00:11:12 --> 00:11:16 15 second chart. There's plenty of fear value gaps to trade off of. There's
89 00:11:16 --> 00:11:20 plenty of micro structure turtle suits, where they runs up and takes out short
90 00:11:20 --> 00:11:23 term highs. You don't have to rush to get into it.
91 00:11:29 --> 00:11:33 Okay? So there's the initial highs being taken. So once more, having an
92 00:11:33 --> 00:11:38 understanding of what we're looking for, versus impulsively chasing see how it
93 00:11:38 --> 00:11:42 gives you it gives you a peace of mind, comfort. You don't have to be doing
94 00:11:42 --> 00:11:46 something right away just because the market starts trading. Go here and check
95 00:11:46 --> 00:11:46 this
96 00:11:54 --> 00:12:00 one in char here, I'm I
97 00:12:08 --> 00:12:11 see them out just me, let's apologize. These are all things that would have
98 00:12:11 --> 00:12:19 been see that I incorporated the volume of ounce because I have my good glasses
99 00:12:19 --> 00:12:26 on today, not the old ones. All right, so you can't use this candlestick. And
100 00:12:26 --> 00:12:35 31 no gap. 32 and no gap. 33 no gap, no gap, no gap, no Yes. So this is first
101 00:12:35 --> 00:12:45 presented fair value gap, and we'll extend that to the right. And for now,
102 00:12:45 --> 00:12:51 we'll just keep it gray. That way. We're not trying to entice any kind of
103 00:13:01 --> 00:13:04 right. And the same thing for the micro
104 00:13:09 --> 00:13:12 issue, first presented fair value got in the micro contract. I
105 00:13:23 --> 00:13:27 so we have taken out the initial high of the day after a very large range gap
106 00:13:27 --> 00:13:33 opening. We're not rushing, and we're just going to simply relax and let price
107 00:13:35 --> 00:13:41 give us a scenario that we can trust, and I'll explain what that would look
108 00:13:41 --> 00:13:43 like when it's presented to me.
109 00:13:58 --> 00:14:05 So we got our 19,926 level I was working with my private group last night, and
110 00:14:09 --> 00:14:18 we're able to capture a lot of that that run up. Alright? So now we have
111 00:14:22 --> 00:14:24 validated any breakout traders going along to
112 00:14:36 --> 00:14:40 anyone that bought on the breakout you think they feel comfortable right now or
113 00:14:40 --> 00:14:47 inside of the initial Fairbank gap between 931 10 o'clock from the opening
114 00:14:47 --> 00:14:56 range consequent encroachment should have been treated to just about if not.
115 00:15:00 --> 00:15:03 It's got real close to it. We'll call it Yes. I
116 00:15:30 --> 00:15:35 so there's a couple things that can it could use here, where it could use the
117 00:15:36 --> 00:15:40 constant correction of the initial freeway gap, then rally up into touch
118 00:15:40 --> 00:15:45 this one here, or if we leave this all together, come back up and then work the
119 00:15:45 --> 00:15:53 lower half of this gap and treat it as an inversion for Vega. Traders are
120 00:15:53 --> 00:16:00 caught long buying above this breakout here. All this is retail buying that and
121 00:16:01 --> 00:16:03 sell side is right here.
122 00:16:11 --> 00:16:16 If you don't mind, I'm just going to work with this single chart because it's
123 00:16:16 --> 00:16:20 a little too much going on. I'm and
124 00:16:31 --> 00:16:39 again, we're favoring the the likelihood that we could draw back down into mid
125 00:16:39 --> 00:16:44 gap, which is a good distance down here. Okay, so it's a lot of range to get down
126 00:16:44 --> 00:16:47 there. Doesn't mean it's going to do it today's session. Doesn't mean it's going
127 00:16:47 --> 00:16:55 to do it in the morning session, see where the bodies are here, mid part,
128 00:16:55 --> 00:16:59 midpoint of this first gap, And then we're up into this inefficiency right
129 00:16:59 --> 00:16:59 here. I'm
130 00:17:23 --> 00:17:26 okay. Now watch the midpoint of this here. I'm
131 00:17:50 --> 00:17:50 a setting as well.
132 00:18:01 --> 00:18:03 Terrible, terrible, terrible feel.
133 00:18:17 --> 00:18:23 Want to see price stay in the lower half down here and aggressively run below
134 00:18:23 --> 00:18:24 this low here.
135 00:18:37 --> 00:18:38 Don't copy me. I'm
136 00:19:02 --> 00:19:08 using the micro contract is very, very forgiving, and that should be there so,
137 00:19:08 --> 00:19:08 so
138 00:19:16 --> 00:19:20 you don't have to be as precise. I was trying to capture it as it was hitting
139 00:19:20 --> 00:19:24 the lowest part of this to illustrate how you don't have to have a lot of risk
140 00:19:24 --> 00:19:28 going versus if you try to tell you what a meaning you want to be a little bit
141 00:19:28 --> 00:19:34 more precise. So in the beginning, you're not going to be comfortable
142 00:19:34 --> 00:19:39 selling it as it goes right up into this gap, and you may get stopped out. And
143 00:19:39 --> 00:19:42 there's nothing to be afraid of if you get stopped out. Caleb, I'm showing you
144 00:19:42 --> 00:19:49 how to work with graduated understanding, if plenty enough, plenty
145 00:19:49 --> 00:19:51 time getting here and take other executions you.
146 00:20:08 --> 00:20:12 So think about this high right here to this high.
147 00:20:20 --> 00:20:40 Sorry, I this old high, because we had a large gap, several 100 handles higher.
148 00:20:42 --> 00:20:49 It's likely to do this very thing, where it'll drop down initially create some
149 00:20:49 --> 00:20:53 kind of oversold condition for indicators, some some kind of oversold,
150 00:20:53 --> 00:20:58 maybe a divergence of some kind harmonic traders, something to that effect.
151 00:20:58 --> 00:21:02 They'll see it, it's, it's just a cheap price, okay? And then they'll send it
152 00:21:02 --> 00:21:06 higher, taking out that high. So traders that want to be long on a breakout,
153 00:21:06 --> 00:21:12 because they see how big the move has happened from yesterday to where we're
154 00:21:12 --> 00:21:19 at today. If, if they place their orders here to buy on a breakout, those
155 00:21:19 --> 00:21:27 actually become filled and they're hot. Now, up above here, see that in the
156 00:21:27 --> 00:21:32 market breaks lower, and we had two fair value gaps. So this is model 2022,
157 00:21:32 --> 00:21:36 stuff. Case you ever study that this is what this is. If you have a fair value
158 00:21:36 --> 00:21:40 gap here, but there's another smaller one just above it, always expect that
159 00:21:40 --> 00:21:43 it's going to go up into the SEC the higher one, and it's stabbed into it
160 00:21:43 --> 00:21:55 there. See that? So, initial fair value gap model, 2022, first. Then we traded
161 00:21:55 --> 00:22:00 down, and I was trying to time at the low, because I wanted to show the lowest
162 00:22:01 --> 00:22:05 entry in this first fair value guy. But this is actually even better, because it
163 00:22:05 --> 00:22:10 was outside of that. So you can see out it's already very forgiving. Some of you
164 00:22:10 --> 00:22:13 that live in third world nations, and I don't mean that to be mean or anything
165 00:22:13 --> 00:22:19 like that, but it's just the truth. You know $65 you know, $80 or so is a big
166 00:22:19 --> 00:22:27 deal where you're at and just trading with one micro contract can make the the
167 00:22:27 --> 00:22:34 grocery bill a lot easier to pay for so when you're starting out, you can set
168 00:22:34 --> 00:22:40 things in motion for an objective that's just trying to get One single micro
169 00:22:40 --> 00:22:48 contract to yield you 75 to $100 and then have that be a goal every single
170 00:22:48 --> 00:22:56 day, and if you can get to that point where it's not, it's not something
171 00:22:56 --> 00:23:00 that's difficult for you, you're not worried about the money. Okay? You're
172 00:23:00 --> 00:23:04 not worried about the money. You're not worried about the fear of being wrong or
173 00:23:04 --> 00:23:09 or the necessity of being right in front of your peers. You're in this little
174 00:23:09 --> 00:23:14 laboratory experiment setting, and now, because you can see that you can take
175 00:23:14 --> 00:23:18 your profit, you can move to sidelines here or right now. Caleb, I want you to
176 00:23:18 --> 00:23:24 think about if you don't take it if you don't take the profit and close it at 75
177 00:23:24 --> 00:23:30 to $100 what does it feel like knowing that that is the threshold that you're
178 00:23:30 --> 00:23:34 aiming for, but you don't take the profit and just roll your stop? What
179 00:23:34 --> 00:23:37 does it feel like to stay with the trade? Is it easy for you to hold on to
180 00:23:37 --> 00:23:41 it? Is it hard for you to hold on to it? Do you feel any kind of regret anytime
181 00:23:41 --> 00:23:46 the candlestick starts moving back towards your stop loss or your entry? Do
182 00:23:46 --> 00:23:52 you feel any kind of I wish I would have gotten out or I wish I would have had a
183 00:23:52 --> 00:23:56 bigger position on Look how nice this thing dropped down. These are all the
184 00:23:56 --> 00:23:58 things that you're supposed to be journaling. So you want to take
185 00:23:58 --> 00:24:04 screenshots of this. You can, you can use dad's chart here right now, but you
186 00:24:04 --> 00:24:10 want to record like all in these open spaces here, up in here, all this area
187 00:24:10 --> 00:24:14 here, you want to record what it feels like for you when you're in the trade.
188 00:24:14 --> 00:24:21 And the parameters would be, if you get $75 to $100 using the micro, you're not
189 00:24:21 --> 00:24:27 using the Mini. You're only using one contract. You can clearly see it offered
190 00:24:27 --> 00:24:30 it to you. But we're saying hypothetically, you're not going to do
191 00:24:30 --> 00:24:35 that. You're going to try to stick with does it want to reach to a little bit
192 00:24:35 --> 00:24:41 lower, which is the upper quadrant level here on the opening range gap. So this
193 00:24:41 --> 00:24:46 would be just a a logical price level to see it. Want to reach for. But do you
194 00:24:46 --> 00:24:52 have the patience presently to hold on to it and disregard anything that
195 00:24:52 --> 00:24:55 happens in price? Because if it comes back up and hits the stop loss, it's
196 00:24:55 --> 00:25:00 not, it's not a losing trade. You didn't lose anything, but it's giving. You the
197 00:25:00 --> 00:25:04 experience that everyone else and I can tell you this with my own students, they
198 00:25:04 --> 00:25:08 try to avoid these types of learning experiences because they wanted to be
199 00:25:09 --> 00:25:12 get me in, let me make money. I don't want to get stopped out, and I wanted to
200 00:25:12 --> 00:25:16 go right to my target real fast. And this is the stuff that you learn to do
201 00:25:17 --> 00:25:22 better. Trading is done through these types of things here, having measured
202 00:25:22 --> 00:25:26 approaches, laboratory experiments, basically where you're you're going in
203 00:25:27 --> 00:25:33 with a minimum expectation. The draw is mid gap in the first 10, sorry, the
204 00:25:33 --> 00:25:38 first 30 minutes. That's, that's what you're trying to aim for. So you're
205 00:25:38 --> 00:25:42 using that built in little 70% advantage. It doesn't mean it's going to
206 00:25:42 --> 00:25:46 go to mid gap today. Doesn't mean that it won't go higher. It could take the
207 00:25:46 --> 00:25:51 high up, but you need to record what it feels like for you. Are you feeling the
208 00:25:51 --> 00:25:59 excitement, or are you feeling the fear, the anxiety, or the, I guess, the the
209 00:25:59 --> 00:26:04 uncertainty. If it's too much for you, you need to record that initially and
210 00:26:04 --> 00:26:09 over time, doing these things, you'll find that it gets it's faster for it to
211 00:26:09 --> 00:26:20 not be present. Here comes a stop. Almost got it. Come on. Come on. You. It
212 00:26:25 --> 00:26:31 now, not taking the partial, not I'm sorry, not taking the profit. You have
213 00:26:31 --> 00:26:37 to record. What do you feel? Do you feel regret? Do you feel that it was
214 00:26:37 --> 00:26:43 advantageous to follow the model enough to know that 75 to $100 is offered to
215 00:26:43 --> 00:26:47 you, and you don't even need to get to a target that would be either the upper
216 00:26:47 --> 00:26:55 quadrant or the mid gap. Using the logic over here, mid gap of the first
217 00:26:55 --> 00:27:01 presented fair value gap on the one minute chart, the logic was there, poor
218 00:27:01 --> 00:27:10 execution entry still afforded 75 to $100 in a micro if you relax and allow,
219 00:27:10 --> 00:27:15 and this is for everyone else that's watching, if you relax and allow that to
220 00:27:15 --> 00:27:21 be your initial targets to start with just trying to get In and finding this
221 00:27:21 --> 00:27:26 once a day, and when you get it, don't push the demo again, but you can just
222 00:27:26 --> 00:27:30 taper it after that. These are all exercises I gave for my students when we
223 00:27:30 --> 00:27:39 were teaching primarily Forex, and it was not received as well as I thought it
224 00:27:39 --> 00:27:42 would, because it gives you a context of what it is you're doing in front of the
225 00:27:42 --> 00:27:48 price action. If you're going to just sit in the charts and just stare into
226 00:27:48 --> 00:27:53 the ether and not know what you're looking for, you have to experiment. You
227 00:27:53 --> 00:27:56 have to engage with price action, and you have to use the rules that I taught
228 00:27:56 --> 00:28:01 in in the content, what things support an idea for the price to go higher or
229 00:28:01 --> 00:28:06 lower, what is the time of the day you're trading? What characteristics are
230 00:28:06 --> 00:28:11 there around that time of day? So if you're just going in here blindly, just
231 00:28:11 --> 00:28:14 watching other live streamers, or if you're in here just trying to chase
232 00:28:14 --> 00:28:17 after price, you're never you're never going to get better at doing that.
233 00:28:17 --> 00:28:21 You're just going to stay doing just that. And you never learn how to trust
234 00:28:21 --> 00:28:24 your own decision making. You won't trust the rules because you're not
235 00:28:24 --> 00:28:31 applying them in a very small, low risk, low yield in terms of excitement
236 00:28:31 --> 00:28:35 conditions. So we went back up and touched the bottom of that fair value
237 00:28:35 --> 00:28:41 gap here, and again, we're on a 15 second chart, so sell side now has moved
238 00:28:41 --> 00:28:47 down to here, and we're focusing primarily on the return back into
239 00:28:47 --> 00:28:50 discounts. So that's going to be this upper quadrant level. This blue line
240 00:28:50 --> 00:29:00 here is the upper 75% level of the highest high to the next quadrant
241 00:29:00 --> 00:29:06 measurement of the total opening range gap, and that's below so below this low
242 00:29:06 --> 00:29:12 here, if we drop down to tack tack this South Side liquid pool, it could trade
243 00:29:12 --> 00:29:20 down below that into the upper quadrant level, is what I'm saying. And you look
244 00:29:20 --> 00:29:24 for it. And I'm sorry I didn't say this earlier, but if you watched what I was
245 00:29:24 --> 00:29:31 teaching on the other day, you want to see a 20 handle run potential for the
246 00:29:31 --> 00:29:37 setup. So what I'm doing is I'm watching over here. We're going to go to 20,010
247 00:29:38 --> 00:29:50 even, and then that's 20 handles, okay, so what I'm looking for is where a fair
248 00:29:50 --> 00:29:56 value gap, and this could be used for order blocks, it could be any of my PD
249 00:29:56 --> 00:30:00 arrays. It's not just just a fair value gap, but any of my PD. Whatever one you
250 00:30:00 --> 00:30:06 like to use to trade with. You first have to have the directional bias to
251 00:30:06 --> 00:30:09 some degree, not for the whole day, not for the session, but you have to
252 00:30:09 --> 00:30:14 something that tells you what you're aiming for. And we're electing to stay
253 00:30:14 --> 00:30:18 with the 70% strike rate that it's likely to see it gravitate towards
254 00:30:18 --> 00:30:31 middle of the opening range gap you so say, say you wanted to use the
255 00:30:31 --> 00:30:36 institutional, I'm sorry, the immediate rebalance here, would that afford you
256 00:30:36 --> 00:30:41 from that point here to get down to that low? Would that be 20 handles? Sure it
257 00:30:41 --> 00:30:46 would be that's, that's a that's a range that could be used for an experiment of
258 00:30:46 --> 00:30:52 watching how, using that level, tape reading it. How does it behave? Does it
259 00:30:52 --> 00:30:56 run for this high here, back into the initial fair value gap, or is it break
260 00:30:56 --> 00:31:00 below this aggressively and then start to accelerate through this inefficiency
261 00:31:00 --> 00:31:06 intact that sell side. There has to be some kind of framework what you're
262 00:31:06 --> 00:31:11 looking for. If you don't have it, then you shouldn't be all keyed up about what
263 00:31:11 --> 00:31:14 price is doing. You shouldn't have any emotional response to what price is
264 00:31:14 --> 00:31:20 doing ever. Doesn't mean you can't cheerlead yourself on when, when you've
265 00:31:20 --> 00:31:24 done something well, but you shouldn't beat yourself up if you don't do
266 00:31:24 --> 00:31:28 something right. Acknowledge the fact that you didn't do it right. Move on.
267 00:31:29 --> 00:31:32 Identify key points where you can improve to hopefully avoid doing it
268 00:31:32 --> 00:31:40 again, and journal that. So for the folks that are looking at their accounts
269 00:31:40 --> 00:31:44 with the funded account companies, and you're out there trying to do these
270 00:31:44 --> 00:31:50 massive, huge trades because you want to make a big payout real fast, that's the
271 00:31:50 --> 00:31:56 worst thing to do, because if you don't take advantage of the opportunities of
272 00:31:56 --> 00:32:03 building that account, $100 a day with very little risk, extremely low risk.
273 00:32:04 --> 00:32:09 You won't feel emotional, you won't feel scared, you won't be you won't be afraid
274 00:32:09 --> 00:32:12 to take any any trade, because the size that you're risking if you're wrong is
275 00:32:12 --> 00:32:20 so minuscule, like some of those accounts. And I think if I'm and forgive
276 00:32:20 --> 00:32:24 me if I say this wrong, but I think it's the lowest ones they offer you, like
277 00:32:25 --> 00:32:31 $1,000 maximum loss or something, something to that effect. But when
278 00:32:31 --> 00:32:36 you're risking 50 bucks or less on a trade and you're trying to make two to
279 00:32:36 --> 00:32:42 one, you know, risk 50 to make 100 bucks. And once you do it, you stop, and
280 00:32:42 --> 00:32:46 you do that for a few weeks until you get comfortable being able to do it.
281 00:32:46 --> 00:32:50 Then you go for Okay, well, I want to try to do two of them if you're using
282 00:32:50 --> 00:32:55 them one minute, five minute and 15 second time frame as your you know three
283 00:32:55 --> 00:33:00 time frames that work with high frequency entries. You can do 200 300
284 00:33:01 --> 00:33:05 every single day, and never risk wild amounts of money. And then, because some
285 00:33:05 --> 00:33:09 of you guys are doing these multiple layered up accounts where you know,
286 00:33:09 --> 00:33:16 1015, 20 counts, it's easy to get these wild thresholds met, where you get a
287 00:33:16 --> 00:33:21 withdrawal. But if you're in there trying to trade with big contracts, is
288 00:33:21 --> 00:33:26 big, big contract sizes. I'm looking at these relative equal highs here. And
289 00:33:26 --> 00:33:33 then we went back in here to the first Fairbank. Yeah. Just want to take a
290 00:33:33 --> 00:33:36 quick look at the one minute in relationship. Because everything I'm
291 00:33:36 --> 00:33:39 doing when I'm doing the live streams, I'm forcing myself to simply use one
292 00:33:39 --> 00:33:46 screen, because that's kind of like the closest thing that you're doing. You
293 00:33:46 --> 00:33:49 don't have all the other stuff that I have available to me. So I'm trying to
294 00:33:49 --> 00:33:53 force myself just to use the minimum, the minimalist approach.
295 00:34:00 --> 00:34:03 And again, some of you jokers out there that are watching this just say, Oh,
296 00:34:03 --> 00:34:07 look at this. You know, that was a terrible feel. I'm trying to illustrate
297 00:34:07 --> 00:34:11 how, in the beginning, Caleb, or anyone else that's new, you're not going to
298 00:34:11 --> 00:34:14 time it correctly. Remember, in the beginning, I told you not to use the
299 00:34:14 --> 00:34:18 limit orders. I want you to go in and market it in and then feel what that
300 00:34:18 --> 00:34:24 feels like. Do you have regret about your entry. Do you have a sense of
301 00:34:24 --> 00:34:30 accomplishment that you did a really good entry? So we're watching the high
302 00:34:30 --> 00:34:37 end, top of that initial fair value gap over here on the one minute chart, upper
303 00:34:37 --> 00:34:44 left hand chart, so we're back inside there. It can spike up and read, you
304 00:34:44 --> 00:34:48 know, redeliver to the high of it. I just want to see the body state at the
305 00:34:48 --> 00:34:54 middle point or below. And if we, if we can manage to do that and then roll
306 00:34:54 --> 00:34:57 outside of it once more, then I think what we'll do is make an attempt to get
307 00:34:57 --> 00:35:02 down into this inefficiency. And. Then attack the cell side here. Otherwise,
308 00:35:02 --> 00:35:08 I'm not interested in going long. So if it rallies, it'll do it without me.
309 00:35:16 --> 00:35:21 But the point is, is showing what you're measuring, how to time it using this the
310 00:35:21 --> 00:35:28 setups. I mean, no one can deny the logic that's being showed here. I mean,
311 00:35:28 --> 00:35:32 it clearly did exactly what I said this morning. I'm not trying to save face or
312 00:35:32 --> 00:35:36 anything, but I just, I like to remind people, because they're constantly out
313 00:35:36 --> 00:35:42 there trying to discourage you, or they'll say things that isn't true about
314 00:35:42 --> 00:35:51 me, like I'm rebranding something else. Get your clicks, lady, but the buy stops
315 00:35:51 --> 00:35:54 here, telling you they was going to run up there first. That gets the retail
316 00:35:54 --> 00:35:58 traders trap. That's a real trap I've explained to in advance, before it
317 00:35:58 --> 00:36:04 happened, and then trade down into the first presented fair Vega. I told you
318 00:36:04 --> 00:36:08 what's about halfway of this, then shoot up into this upper gap here. And it
319 00:36:08 --> 00:36:12 happened, that's the model 2022, entry. And then it sells off. And then we use
320 00:36:12 --> 00:36:15 the midpoint and treat this as an inversion fair Vega, which is still it
321 00:36:16 --> 00:36:21 should have been colored here when I went down to apologize, but it's, it's a
322 00:36:21 --> 00:36:25 lot to talk about this over a 15 second chart and see what it is I'm expecting
323 00:36:26 --> 00:36:30 frame in a statement that we it makes sense to you, hopefully, and I'm still
324 00:36:30 --> 00:36:36 watching and navigating price. It's not as easy on a 15 second chart to stay up,
325 00:36:37 --> 00:36:41 up to it and not say something correctly, or not say it as well as I
326 00:36:41 --> 00:36:47 wished I would have, because I don't have benefit or luxury of time. Each
327 00:36:47 --> 00:36:52 candlesticks painting quick. So it's not the fact that price is moving fast. This
328 00:36:52 --> 00:36:58 is the framework around every individual candlestick is painting faster. So the
329 00:36:58 --> 00:37:04 things I want to detail about those individual candlesticks. I have to have
330 00:37:04 --> 00:37:08 my expectation known in advance, otherwise I'm not going to be able to
331 00:37:08 --> 00:37:11 keep up with the pace of every individual 15 second. I only have 15
332 00:37:11 --> 00:37:14 seconds to talk about the candlestick before it closes in and then when
333 00:37:15 --> 00:37:22 begins. So we add a little Mohawk here. There's a little portion of this area up
334 00:37:22 --> 00:37:25 here, it could be trading up into
335 00:37:31 --> 00:37:39 and we'll just take the middle level into account. So from this candle sticks
336 00:37:39 --> 00:37:44 high, this candlesticks low midpoint. That's consequent encroachment. You can
337 00:37:44 --> 00:37:47 see that's traded there. And then look at the reaction off. That's nice. And
338 00:37:47 --> 00:37:54 the bodies did not lay on top of that mid gap. All right. So now you can watch
339 00:37:54 --> 00:37:58 the consequent encroachment of the inversion fair value gap once more here.
340 00:38:00 --> 00:38:05 So look at this low here. That's a minor and this is a minor cell side. So
341 00:38:05 --> 00:38:13 keeping in mind, this is the range for 20 handles. Do we see ranges that afford
342 00:38:13 --> 00:38:18 us working from anywhere in here, upper quadrant, mid, lower quadrant, or the
343 00:38:18 --> 00:38:23 low of the inversion fair value gap? Can that yield the potential of moving at
344 00:38:23 --> 00:38:28 least this much? So that's like, your minimum expectation or filter that says
345 00:38:28 --> 00:38:33 I have to see if there's a trade forming. And by knowing what, what
346 00:38:33 --> 00:38:38 you're looking for, for price action, like, where should the setups form? Like
347 00:38:38 --> 00:38:43 everything I outlined over here that came to pass, we're waiting for a
348 00:38:43 --> 00:38:49 scenario that builds confidence that we're going to run to a sell side here,
349 00:38:49 --> 00:38:52 or run to this sell side here. What would that look like? It would have to
350 00:38:52 --> 00:38:58 be a for me. I want to see it leave the inversion fair value gap and stop
351 00:38:58 --> 00:39:04 reaching for any kind of premium. So if we go outside of it, touch it one time
352 00:39:04 --> 00:39:09 with one candlestick. That's it doesn't need to touch it one time the next
353 00:39:09 --> 00:39:13 displacement after that, that's lower. That would form a fair value gap. That's
354 00:39:13 --> 00:39:17 the one I would sell short one in aim for if the range is like, say, the entry
355 00:39:17 --> 00:39:22 will be up here. Well, looking at this distance or height of price action. If
356 00:39:22 --> 00:39:26 the fair value got formed in this vicinity trading to that low right,
357 00:39:26 --> 00:39:32 there would be afford Caleb a setup. So it's a setup that is meeting the
358 00:39:32 --> 00:39:37 criteria. But if you don't have some kind of a threshold that frames the
359 00:39:37 --> 00:39:42 whole basis of what you're aiming for as a minimum, it has to at least offer 20
360 00:39:42 --> 00:39:47 handles. If it doesn't afford him 20 handles, then he can't take the trade.
361 00:39:47 --> 00:39:55 And he says he has to let it just pass. And what happens if it works out where,
362 00:39:55 --> 00:40:00 if it was 18 handles, and he doesn't take it and it. Hands out. How should he
363 00:40:00 --> 00:40:04 feel about that? He should feel good that he exercised discipline, that he
364 00:40:04 --> 00:40:09 exercised the Well, the idea he had the identification corrected, there was a
365 00:40:09 --> 00:40:12 setup there, but he just says, No, I'm not taking that one because I want to
366 00:40:12 --> 00:40:16 learn how to trade with excellence. I don't want to get in here and just get
367 00:40:16 --> 00:40:21 dirt on my hands. Okay? I want to get in here and walk in here and treat my
368 00:40:21 --> 00:40:25 trading with a white glove approach where I don't get my hands dirty. I go
369 00:40:25 --> 00:40:28 in, I execute like a professional and leave without getting my hands dirty.
370 00:40:29 --> 00:40:32 You're not emotional, you're not freaking out, you're not chasing
371 00:40:32 --> 00:40:35 anything. I like that right there. That's nice.
372 00:40:41 --> 00:40:49 So both of these are sell side, but they're minor, but they can still yield.
373 00:40:54 --> 00:41:10 They can still yield the intended goal that's alongside i a micro Caleb. You're
374 00:41:10 --> 00:41:15 going to be able to do wider stops, and it doesn't hurt you that much. So now
375 00:41:15 --> 00:41:19 that's I like to see. I don't want to see it close up and get close to this. I
376 00:41:19 --> 00:41:28 want to see this candlestick close down and create. See this close right back
377 00:41:28 --> 00:41:35 in. I can't use that one now. So now we touched we left the inversion fair value
378 00:41:35 --> 00:41:40 gap. We left it. We had one candlestick come back and touch it. So any
379 00:41:40 --> 00:41:46 displacement lower that creates a fair value gap. I'll use that on the 15
380 00:41:46 --> 00:41:46 second chart to enter.
381 00:41:54 --> 00:42:00 None of this worries me, and it gives you no concern whatsoever. You see how
382 00:42:00 --> 00:42:04 it keeps you from panicking. I'm going to miss a move. It has to do certain
383 00:42:04 --> 00:42:09 things. If it does this, then I will do this. If it keeps doing this, that is
384 00:42:09 --> 00:42:13 not something that setting up a setup for me, then I'm sitting still. I'm not
385 00:42:13 --> 00:42:19 worrying about it. I'm completely content. There's zero fear in what I'm
386 00:42:19 --> 00:42:23 doing here, none. And you might say, Well, it's because you're trading with a
387 00:42:23 --> 00:42:27 paper trading account. No, I'm in front of however many people are watching, and
388 00:42:27 --> 00:42:31 all of you have this measurement of me. Oh, it better be perfect, or you're not
389 00:42:31 --> 00:42:37 inner circle trader. Now, are you? It's easy to talk from the sidelines, but get
390 00:42:37 --> 00:42:45 out here. I uh, knowing what you're looking for and how you're going to
391 00:42:45 --> 00:42:50 engage and when you're going to sit still. Paramount. That's more important
392 00:42:50 --> 00:42:54 than you trying to make money. Because making money, that's, that's, that's the
393 00:42:54 --> 00:42:58 easy part. The hard part is getting to the part of not going in here
394 00:42:58 --> 00:43:02 impulsively, just pushing buttons. Alright, now see what it's done. Think
395 00:43:02 --> 00:43:07 about what I've just outlined. Caleb, we wanted to see this displacement below
396 00:43:07 --> 00:43:14 this fair guy, you know, the fair area got easy for you to say. ICT, the first
397 00:43:14 --> 00:43:19 fair value gap of the morning. And I wanted to see it trade below it and show
398 00:43:19 --> 00:43:23 displacement if this candlestick would have not had this high come back and
399 00:43:23 --> 00:43:28 touch this candlesticks low, that would have been a fair value gap. And then I
400 00:43:28 --> 00:43:31 could have used that one. And now I'm going to trade it to get down to here,
401 00:43:31 --> 00:43:36 but because it went and touched it, then I have to wait for now another
402 00:43:36 --> 00:43:40 displacement lower, where it creates a fair value gap. If it doesn't create
403 00:43:40 --> 00:43:47 one. Can I take a losing trade here? No, and you're worried about losing why?
404 00:43:47 --> 00:43:51 You're not listening to what it is I'm talking about in all the long stuff, all
405 00:43:51 --> 00:43:54 the drawn out, long, boring stuff, to get to the point. The point is, is I'm
406 00:43:54 --> 00:43:59 teaching you how to do it the correct way and avoid all the problems that I
407 00:43:59 --> 00:44:03 went through and most other traders go through not realizing there's a better
408 00:44:03 --> 00:44:08 way of doing it and not have to get all that scar tissue that that's the result
409 00:44:08 --> 00:44:14 of doing things incorrect. Okay, so we came all the way back up into this gap
410 00:44:14 --> 00:44:15 here.
411 00:44:21 --> 00:44:27 I'm going to make this ugly color because I want to stand out, as you can
412 00:44:27 --> 00:44:37 see. So we bumped this little short term high here. But what happens if it goes
413 00:44:37 --> 00:44:44 up even more? Michael, you miss out on a big range day, I'm not teaching Caleb to
414 00:44:44 --> 00:44:50 anticipate and expect, to know how to know that the daily candlestick is going
415 00:44:50 --> 00:44:54 to do that. These are smaller, little modular lessons that will give him,
416 00:44:54 --> 00:45:00 number one, something to do that will allow him to progress. Uh, in a
417 00:45:00 --> 00:45:06 meaningful and realistic manner, not trying to get some Olympic gold medal
418 00:45:06 --> 00:45:13 result. He doesn't know how to trade. He has no idea how to do it. So in my
419 00:45:13 --> 00:45:18 opinion, as his dad and as the the mentor too, I'm teaching him how to have
420 00:45:18 --> 00:45:23 very low expectations on himself, so that way he can't beat himself up if he
421 00:45:23 --> 00:45:26 doesn't do it right, he's not going to do it right in the beginning. Nobody
422 00:45:26 --> 00:45:31 does. I didn't do it right in the beginning. So you have to build in these
423 00:45:32 --> 00:45:43 allowances for imperfection and set the the mark for progressing. You know, in
424 00:45:43 --> 00:45:49 small incremental steps make it so that way, every day, it's easy to get to that
425 00:45:49 --> 00:45:55 cookie or that little reward. Okay, so we bumped the old high here. So this was
426 00:45:55 --> 00:46:02 the initial high today there. If we take out this high here, we might be seeing a
427 00:46:03 --> 00:46:08 a larger run higher, admittedly, on the daily chart, that is in the cards, but I
428 00:46:08 --> 00:46:12 still want to see it offer another opportunity to get towards that mid gap.
429 00:46:12 --> 00:46:16 It doesn't need to fill it today, because everything technically is really
430 00:46:16 --> 00:46:16 bullish.
431 00:46:21 --> 00:46:30 So the buy side is not here anymore. It's here. And the question would be,
432 00:46:30 --> 00:46:35 is, if they hired trapped traders, here, will be the benefit of taking it above
433 00:46:35 --> 00:46:41 that high, if not to go higher, longer term into the day.
434 00:46:46 --> 00:46:51 So every day, Caleb, when you first start looking at your charts, you want
435 00:46:51 --> 00:46:56 to frame a little box with 20 handles. And what you want to do is you want to
436 00:46:56 --> 00:46:59 take that after the fact, after the market's already done, moved around and
437 00:46:59 --> 00:47:04 whatnot. You want to be moving and see, okay, like, here's a fair value gap
438 00:47:04 --> 00:47:12 right there, and you could have got an entry on it right there. Did this yield
439 00:47:13 --> 00:47:18 20 handles? Yes. Would it be reasonable to see it trade up to fill in this gap
440 00:47:18 --> 00:47:22 here as a target? And it does, yes. You don't even need to trade all the way
441 00:47:22 --> 00:47:26 back up to the inversion for your Vega. You don't need to see that at all. And
442 00:47:26 --> 00:47:32 doing these types of things, these types of setups happen all day long, going up
443 00:47:32 --> 00:47:36 and going down, going up, going down. And what you're going to learn, and this
444 00:47:36 --> 00:47:40 is for everyone else's benefit, listening, you're going to learn that
445 00:47:40 --> 00:47:46 there are some setups that are going to be easy to spot as something that might
446 00:47:46 --> 00:47:51 deliver, but you're not willing to take it, and that is a huge, monumental
447 00:47:52 --> 00:47:56 milestone in your progress, because everybody wants to go out and just
448 00:47:56 --> 00:48:01 simply get in and push the button. Everybody wants that, but nobody wants
449 00:48:01 --> 00:48:06 to do the work in preventing needless drawdown. No one wants to do that kind
450 00:48:06 --> 00:48:11 of work. Because Why put all the time in front of the charts or listen to some
451 00:48:11 --> 00:48:15 guy or teacher or go through all the course material, whoever it is you're
452 00:48:15 --> 00:48:19 going to listen to, and not start making money right away? And that's the
453 00:48:19 --> 00:48:25 unfortunate you know, tick tock mentality that is pervasive today, and
454 00:48:25 --> 00:48:30 it's, it's, it's too many things forcing you to want to be fast about getting a
455 00:48:30 --> 00:48:36 result that you don't technically have this skill set to expect. It's
456 00:48:36 --> 00:48:43 unreasonable for you to expect the basis what I'm saying now what I've noticed
457 00:48:43 --> 00:48:49 here is the first fair value gap. It behaved everything here as we would
458 00:48:49 --> 00:48:53 expect it to when we were down here. I said, you can take this off at 75 to
459 00:48:53 --> 00:48:59 $100 and that you would be done. But I'm placing him and placed him rather in a
460 00:48:59 --> 00:49:04 condition where the stop was rolled to just make sure the costs were covered.
461 00:49:04 --> 00:49:10 No no commission costs would be a factor. And no losing, no drawdown,
462 00:49:10 --> 00:49:22 basically. So the reflection on that should be, if you have a target in
463 00:49:22 --> 00:49:30 beginning $75 or to $100 on one micro, if the trade that you're in yields it to
464 00:49:30 --> 00:49:36 you, and you're still trying to learn how to do this, take the profit at 75 to
465 00:49:36 --> 00:49:41 $100 do it on a limit, do it on a market exit, and then simply watch what the
466 00:49:41 --> 00:49:45 price does. Go back and listen to the recording when it was down here, I was
467 00:49:45 --> 00:49:48 explaining that this is what you're looking for, and then you could just
468 00:49:48 --> 00:49:53 comfortably close the trade and how much time has transpired from the entry.
469 00:49:55 --> 00:49:58 Their entry was here. Look, look what the fill is. It's almost near the worst
470 00:49:58 --> 00:50:05 possible scenario. And it still yields 75 to $100 at the time I was talking
471 00:50:05 --> 00:50:11 about it still was yielding $100 how much better would your trade? And
472 00:50:11 --> 00:50:18 listen, folks, everybody wants to be, you know, the the person that stands
473 00:50:18 --> 00:50:21 out, okay, the person that can do it better than everybody else, okay, that's
474 00:50:21 --> 00:50:27 what you see on social media right now. If you were making $100 consistently
475 00:50:27 --> 00:50:34 every single day, and that's all you did, is that improvement based on what
476 00:50:34 --> 00:50:39 you're doing right now? Because I would venture to say that 95% of you are not
477 00:50:39 --> 00:50:45 that profitable. You're not consistently making money. Okay? So how I'm teaching
478 00:50:45 --> 00:50:51 Caleb is, if you can make a Benjamin every single day or fail trying to do
479 00:50:51 --> 00:50:57 it, but making 75 that's progress that anyone should be proud of. I mean, if I
480 00:50:57 --> 00:51:00 found $100 on the street walking down the sidewalk, I wouldn't look at it and
481 00:51:00 --> 00:51:05 say, I'm not picking you up. But what's the chances of you finding that happen
482 00:51:05 --> 00:51:11 every single day? Not likely. But if you build this skill set I'm showing you,
483 00:51:11 --> 00:51:16 you'll be able to do that every single day. You'll have the opportunity, like
484 00:51:16 --> 00:51:19 walking outside and saying, Oh, here's $100 bill. Let me pick that up and take
485 00:51:19 --> 00:51:24 that put in my pocket. And if you learn to be content with that in the
486 00:51:24 --> 00:51:28 beginning, everybody wants to make $1,000 a trade or more. Everybody wants
487 00:51:28 --> 00:51:32 to have $10,000 payout leaks. Everybody wants to make $100,000.06 figure
488 00:51:32 --> 00:51:36 payouts. Everybody, everybody wants that stuff right now, but you have to start
489 00:51:36 --> 00:51:40 somewhere small that keeps you motivated. While you're learning to be
490 00:51:40 --> 00:51:45 comfortable. You have to trade comfortably. You have to look at things
491 00:51:45 --> 00:51:48 in price action and say, Yeah, this makes sense. I expected to see this
492 00:51:48 --> 00:51:52 happen, and this is basically what I'm looking to trade off of. So I'm going to
493 00:51:52 --> 00:51:56 take the first opportunity to get in, but if it doesn't give those parameters
494 00:51:56 --> 00:52:00 for you to get into the trade teaching, what I'm teaching you, Caleb, you're not
495 00:52:00 --> 00:52:04 getting beat up. You're not getting raked across the coals and and doing it
496 00:52:04 --> 00:52:09 wrong and entering poorly and getting stopped out. You see that for everyone
497 00:52:09 --> 00:52:13 else that's listening to do you get that? Because if you're not getting
498 00:52:13 --> 00:52:18 that, you're not picking up on the main lessons that what we're trying to do is
499 00:52:18 --> 00:52:26 develop self control and have measured, realistic objectives that could be
500 00:52:26 --> 00:52:35 easily met. All right, so this is two times we meet a higher high intraday
501 00:52:36 --> 00:52:43 with a huge opening range gap we've already worked the initial first
502 00:52:43 --> 00:52:47 presented fair value gap here. We dropped down in here, and we didn't get
503 00:52:47 --> 00:52:53 this set up that I was wanting to see here. So this was a raid, and this was
504 00:52:53 --> 00:53:01 another crest into a higher high so we have to hold on to this area right here.
505 00:53:03 --> 00:53:07 Watch what I'm about to show you. This is liquidity. Okay, this is another
506 00:53:07 --> 00:53:11 lesson that you ain't going to see in anybody else's bullshit. This was your
507 00:53:11 --> 00:53:17 initial high. This was the stop run that took out that initial high. All of this
508 00:53:17 --> 00:53:23 shaded area that I highlighted now that area, you treat that as a balanced price
509 00:53:23 --> 00:53:35 range. Extend that over. We don't need this gap here. So now, what do we do
510 00:53:35 --> 00:53:40 with this information? You have sell side here, you have a pool sell side.
511 00:53:40 --> 00:53:45 Here you have sell side there. First presented fair value gap down here. This
512 00:53:45 --> 00:53:50 is a balanced price range because it took a run into real orders. This was
513 00:53:50 --> 00:53:55 not contrived. It's not some, just random area. This was exactly where buy
514 00:53:55 --> 00:53:59 orders were brought into the marketplace and Smart Money sold to those
515 00:53:59 --> 00:54:05 individuals to drive them into loss, because when the retail traders use this
516 00:54:05 --> 00:54:09 area here to go long on a breakout above the initial high of the day, here
517 00:54:11 --> 00:54:15 they're trapped long. So the market's going to gravitate to opposing
518 00:54:15 --> 00:54:19 liquidity. Where's that sell side? Where's that right below that low? How
519 00:54:19 --> 00:54:26 far can we reasonably expect it to go below this low? Michael, you're handy
520 00:54:26 --> 00:54:31 dandy Fibonacci. Place it on your high that's your highest candle in all of
521 00:54:31 --> 00:54:35 this. Swing high. It's anchored to the highest high. Drop it down to the low
522 00:54:35 --> 00:54:43 here. This is the this is the first measurement I gave you. Whenever you
523 00:54:43 --> 00:54:48 have a dealing range and you want to look for external liquidity, measure the
524 00:54:48 --> 00:54:52 range which is this high here down to that low. Your first stepping stone to
525 00:54:52 --> 00:54:58 understand how far prices can go beyond that or outside the range is negative
526 00:54:58 --> 00:55:05 0.25, Five that's this level here. Did it trade there? Yes, but if it's going
527 00:55:05 --> 00:55:10 to do a measured run, it's simply just a negative one standard deviation
528 00:55:16 --> 00:55:27 that's down here that gets us to that upper quadrant level in the FIB you
529 00:55:27 --> 00:55:35 graduate from a negative 0.25 level to what's half of the negative one. It's
530 00:55:35 --> 00:55:36 negative 0.5
531 00:55:42 --> 00:55:50 we look where the bodies are when I'm looking at this price, like, here I'm
532 00:55:50 --> 00:55:54 getting an approximation, because it's just simply like, I'm teaching you Caleb
533 00:55:54 --> 00:55:58 to look at these 20 handle runs in measurement and size, and getting
534 00:55:58 --> 00:56:05 familiar with what that looks like. This run here to here. Half of that run was
535 00:56:06 --> 00:56:11 when we were down here, when it was trading at 75 to $100 open unrealized
536 00:56:11 --> 00:56:17 profit. That's why saying close that if you were in a day that didn't have this
537 00:56:17 --> 00:56:23 multiple 100 handle opening gap, you could take this as a partial and then
538 00:56:23 --> 00:56:27 aim for the upper quadrant level of the opening range gap. That's what this
539 00:56:27 --> 00:56:32 level is here. And then if it's going to go down below that, which is likely,
540 00:56:32 --> 00:56:37 what would it reach for one standard deviation, or a measured move of this
541 00:56:37 --> 00:56:42 high to that low, projected below this low takes us down here, but because we
542 00:56:42 --> 00:56:48 have a huge gap, chances are it can do what continuation. But initially, while
543 00:56:48 --> 00:56:53 you're in the opening range of the day, not the opening range gap, the opening
544 00:56:53 --> 00:56:57 range, which is 930 in the morning, Eastern Time to 10 o'clock, after a very
545 00:56:57 --> 00:57:03 large opening range gap higher, always expect them to drop it down, create an
546 00:57:03 --> 00:57:06 initial high of the day, and then run that then, then there's a deeper
547 00:57:06 --> 00:57:11 retracement into it. Whether it gets to the mid gap, upper quadrant level
548 00:57:11 --> 00:57:15 doesn't matter. It frames the logic where you can take a very easy bread and
549 00:57:15 --> 00:57:20 butter setup, which is what I outlined. All of this here was that, but I showed
550 00:57:21 --> 00:57:25 you what it's like if you don't take the partial or if you don't take the clothes
551 00:57:25 --> 00:57:29 off, you know, if you don't take the one single contractor you're working with,
552 00:57:29 --> 00:57:33 Caleb, and close it when you get 75 to 100 hours in open profit, and record
553 00:57:33 --> 00:57:38 what it feels like to do that and record every single day and do it. Stop when
554 00:57:38 --> 00:57:45 you get it. Don't push the buttons anymore. Having that consistency, that
555 00:57:45 --> 00:57:50 ability to see something, and then you capitalize on it, and you realize it,
556 00:57:50 --> 00:57:55 and you take it home in the results, it builds your confidence. But it's not
557 00:57:55 --> 00:58:00 overconfidence, because, remember, it's just 75 to $100 but now, when you take
558 00:58:00 --> 00:58:04 the logic that's being used by taking a setup like this and capturing a move
559 00:58:04 --> 00:58:10 down to where you get to 75 to 100 what happens when it becomes a mini contract?
560 00:58:10 --> 00:58:16 Then it gets a little bit more exciting. Then you start making your weekly salary
561 00:58:16 --> 00:58:20 at your job in one of these little bread and butter setups. Just one of them, not
562 00:58:20 --> 00:58:26 an everyday thing. Just one of them yields that. And then what happens is it
563 00:58:26 --> 00:58:35 becomes much more beneficial for you to be selective about what setups you take,
564 00:58:35 --> 00:58:40 and you don't have to be trading every single day, but in the beginning, you
565 00:58:40 --> 00:58:45 need to be doing a lot of these types of setups, because it desensitizes you to
566 00:58:45 --> 00:58:49 Yeah, I know I can find lots of setups. I know I can find lots of setups, and I
567 00:58:49 --> 00:58:56 don't need to be fearful of missing any of them. But I have two minutes left.
568 00:58:56 --> 00:58:56 All
569 00:59:02 --> 00:59:11 right. So I covered a bunch of stuff for the folks that say I trade order blocks
570 00:59:11 --> 00:59:15 and that's support and domain supply and demand. Or what is it? Support,
571 00:59:15 --> 00:59:21 resistance? No, but I can teach you how to find the levels that classic support
572 00:59:21 --> 00:59:26 and resistance would hope to be able to pick, but they don't. There's never been
573 00:59:26 --> 00:59:30 a book out there, and I have over 2000 of them. There's never been a book that
574 00:59:30 --> 00:59:36 has communicated how to find the right support level or the right resistance
575 00:59:36 --> 00:59:40 level. And I'm using those terms right those correct ones, just like I've never
576 00:59:40 --> 00:59:46 seen a book that shows you how to pick the right diagonal support trendline or
577 00:59:46 --> 00:59:52 diagonal resistance trendline. It's, it's so subjective. It's, it's, it's a
578 00:59:52 --> 01:00:00 farce, really. But when you look at this initial high, it's unreasonable. All
579 01:00:00 --> 01:00:03 based on what I taught you today and what I taught in core content lessons
580 01:00:03 --> 01:00:07 too and mentorship. It's unreasonable to anticipate the market to come right back
581 01:00:07 --> 01:00:12 up to that high and stop as resistance, but it is reasonable, based on
582 01:00:12 --> 01:00:16 algorithmic principles, that it will go above that high to get the orders for
583 01:00:16 --> 01:00:22 the Express purposes of growing lower to attack them so they're targeting retail
584 01:00:22 --> 01:00:26 mindset. That's why retail concepts is not what I I don't trade with that's
585 01:00:26 --> 01:00:32 about just because you see me drawing a box or drawing a a trend line segment to
586 01:00:32 --> 01:00:36 highlight a very specific price level for you to focus on. We're attacking
587 01:00:36 --> 01:00:40 that level. Okay, that's what we're doing. We're tap, we're we're targeting
588 01:00:40 --> 01:00:44 it. I'm not using this old high to say I want to sell short at that price level.
589 01:00:44 --> 01:00:48 Now I'm expecting it to go up there and spend some time up there. Why? Because
590 01:00:49 --> 01:00:53 it's going to accumulate what the orders that would be sitting there, and then
591 01:00:53 --> 01:00:58 drop it down to attack the mindset that retail traders use, which is buying
592 01:00:58 --> 01:01:03 momentum, selling momentum, buying a breakout, selling a breakout, they're
593 01:01:03 --> 01:01:08 never trading against the direction of their intended profit. In other words,
594 01:01:08 --> 01:01:11 if they're bullish, they're never entering when the market's dropping.
595 01:01:11 --> 01:01:14 They're not doing that. It's scary to them because they don't know what
596 01:01:14 --> 01:01:20 they're doing. But I'm doing that, I'm going in and teaching you how to
597 01:01:20 --> 01:01:27 capitalize on that counter move you're running against the wind. And that's
598 01:01:27 --> 01:01:32 exactly how you hang glide. That's how planes fly to heights that you know you
599 01:01:32 --> 01:01:37 want to stay on the ground. Trade with those retail concepts you're never going
600 01:01:37 --> 01:01:42 to fly, but you have to run into the resistance of one coming wind. You You
601 01:01:42 --> 01:01:47 have to put your wings in there, open your your your parachute, and you'll be
602 01:01:47 --> 01:01:54 able to glide on that. But if you're trying to chase something that's like
603 01:01:54 --> 01:01:57 finding an air pocket, you're going to fall just like you feel when you're in
604 01:01:57 --> 01:02:02 an airplane. You feel that turbulence, you're not getting lift. So what
605 01:02:02 --> 01:02:06 happens? You fall and you wonder why retail logic causes you to go into
606 01:02:06 --> 01:02:10 drawdown and lose because you're you're placing so much emphasis on things that
607 01:02:10 --> 01:02:14 aren't going to give you what you're hoping they're going to give you, but
608 01:02:14 --> 01:02:18 you're allowing yourself to be beaten up in that toxic relationship and say,
609 01:02:18 --> 01:02:21 well, it's normal because the markets are random. Nobody, nobody knows what
610 01:02:21 --> 01:02:26 price is going to do. Well, I'm Mr. Nobody. So here's the thing, this high
611 01:02:26 --> 01:02:31 here, it's not going to be resistance. It's going to be absorbing buy stops
612 01:02:31 --> 01:02:38 above that. So when it does this, when it does this very thing here, this
613 01:02:38 --> 01:02:43 creates this whole pocket. It becomes a balanced price range. That means that
614 01:02:43 --> 01:02:48 this, this will absolutely this high, will absolutely be just like a Support
615 01:02:48 --> 01:02:54 Resistance book will tell you, Okay, here's resistance, broken. Turn support,
616 01:02:55 --> 01:03:01 support. Now tell me find a fucking book that tells you how to give that logic
617 01:03:01 --> 01:03:04 where it's the right support resistance, how to know when a support resistance
618 01:03:04 --> 01:03:08 level is going to be really a supportive resistance level and not being swept for
619 01:03:08 --> 01:03:14 the purposes of gathering the liquidity above or below them. I'm sorry. I'm
620 01:03:14 --> 01:03:18 sorry, toots, but your ass is absolutely ass backwards. You want clout. I gave it
621 01:03:18 --> 01:03:22 to you. I tweeted your shit. I hope you make more videos, because I'm going to
622 01:03:22 --> 01:03:27 have fun with you. Everything that these people were going to tell you, if this
623 01:03:27 --> 01:03:32 was logic that's borrowed from someone else, somebody else would be doing it.
624 01:03:32 --> 01:03:37 They would explain it beforehand. They would tell you which supplier demand
625 01:03:37 --> 01:03:41 zone is going to be the one. They would use a very small, ultra small stop loss,
626 01:03:41 --> 01:03:46 and they would get targets hit just like that. But you ain't seeing that. Okay,
627 01:03:46 --> 01:03:50 you're not seeing that, but I'm showing it to you. I'm giving you the why. I'm
628 01:03:50 --> 01:03:56 giving you the win. I'm I'm telling you how to do it, but as my son, as the
629 01:03:56 --> 01:04:04 target audience here, you have to move very small, slow and small, incremental
630 01:04:04 --> 01:04:09 steps. Okay? And what you see dad doing, you'll be able to do that stuff. It's
631 01:04:09 --> 01:04:15 just you have to start here first, and that way you won't feel any regret, you
632 01:04:15 --> 01:04:24 won't chase big fast money, because that is that's easy. In the Navy SEALs, I'm
633 01:04:24 --> 01:04:27 gonna say this and I'm gonna close it. In the Navy Navy SEALs, they have an
634 01:04:27 --> 01:04:39 expression, slow is smooth, and smooth is fast, meaning when you move, when you
635 01:04:39 --> 01:04:44 move, slow, you're moving smoothly. You're less likely to make a mistake,
636 01:04:44 --> 01:04:51 and because you're not making mistakes, you're moving fast. You're all trying to
637 01:04:51 --> 01:04:54 get to a profitable, consistent lifestyle as a trader, where you're
638 01:04:54 --> 01:05:01 making big money. That big money is waiting for you. You. Pushing it further
639 01:05:01 --> 01:05:05 away by trying to run to it faster than you can. You haven't even learned how to
640 01:05:05 --> 01:05:10 crawl yet. You haven't learned how to walk. You haven't learned how to walk
641 01:05:10 --> 01:05:16 briskly and then run when you're really good and you know what you're looking
642 01:05:16 --> 01:05:19 for. You can run these markets up down, all over the place, buying and selling
643 01:05:19 --> 01:05:27 all day alone, I've made over 1400 handles just in the last two and three
644 01:05:27 --> 01:05:33 quarters weeks, and I have students that can verify that some of it you watch me
645 01:05:33 --> 01:05:39 do publicly, other stuff they saw. I regret sometimes saying that, because it
646 01:05:39 --> 01:05:42 sounds like an X people out there saying I'm going to do a mentorship in 2025 to
647 01:05:42 --> 01:05:46 do a mentorship in 2025 No, I'm not. I'm never doing another mentorship where
648 01:05:46 --> 01:05:52 you're paying me money. But I do have this group that sits with me and I I
649 01:05:52 --> 01:05:56 show them what I'm doing, and I'm walking them through what I'm walking
650 01:05:56 --> 01:06:00 you through. Here. Watch this. Watch this. It's going to behave here. It's
651 01:06:00 --> 01:06:03 going to reach here. It shouldn't go below here. I'm walking it's I'm tape
652 01:06:03 --> 01:06:07 reading them. I'm giving them my internal dialog. It's important for you
653 01:06:07 --> 01:06:12 to do that on your own. Caleb, based on the things I'm I'm giving you, is just
654 01:06:12 --> 01:06:18 foundational principles. And then building on that, if I don't tell you
655 01:06:19 --> 01:06:26 everything, that forces you to do what, expand your discomfort zone. See, when
656 01:06:26 --> 01:06:29 you don't know something, it's uncomfortable, and when you're looking
657 01:06:29 --> 01:06:33 at these candlesticks, what's it going to do next? What's going to do next? You
658 01:06:33 --> 01:06:36 don't have to worry about that, because what you're looking for is what matters
659 01:06:36 --> 01:06:40 most to you and your model. And like it did down here, it didn't give the setup
660 01:06:40 --> 01:06:44 that would have yielded a losing trade. That's the benefit of knowing what to do
661 01:06:44 --> 01:06:50 and when not to do something. I don't regret not capturing along here. I don't
662 01:06:50 --> 01:06:54 regret not shorting up here. These are all things I was outlined, but I'm
663 01:06:54 --> 01:07:00 teaching you, Caleb, to use that first fair value. It has to be framed off of
664 01:07:00 --> 01:07:04 that. It can be used as a bullish scenario. It can be used as a bearish
665 01:07:04 --> 01:07:08 scenario. But your focus is right here. Do you see the benefits of knowing what
666 01:07:08 --> 01:07:14 that does for you? There's all kinds of all these little gaps in here. Which one
667 01:07:14 --> 01:07:17 are you going to pick? That's the same question that every other student in the
668 01:07:17 --> 01:07:20 world has called me. Which fair value get. So I removed that problem for you
669 01:07:20 --> 01:07:24 and everybody else that wants to listen to wants to listen to me, use the very
670 01:07:24 --> 01:07:28 first one that's presented on a one minute chart, because that'll give you
671 01:07:28 --> 01:07:33 enough to start with. In time, you'll find that there are other fair value
672 01:07:33 --> 01:07:38 gaps on time based delivery that will be meaningful to you as well. It's not just
673 01:07:38 --> 01:07:42 simply the first one, but that's the first one that can't hide, right? That's
674 01:07:42 --> 01:07:46 the first one that's presented in price action that they cannot hide from you.
675 01:07:48 --> 01:07:53 So it gives you your immediate initial focus, your bias initially is going to
676 01:07:53 --> 01:08:02 be always looking for middle the gap. I'm making it binary. If it's this, then
677 01:08:02 --> 01:08:07 you do that. If it's that, then you do this. If neither these scenarios are
678 01:08:07 --> 01:08:11 there, you do nothing. You sit still. If then else
679 01:08:12 --> 01:08:17 that's programming, that's computer programming, that's that's how a
680 01:08:17 --> 01:08:25 programmer would build with with, with code to the project specifications. This
681 01:08:25 --> 01:08:29 is what I want at the end. I need a paid I need a payroll program that does this,
682 01:08:29 --> 01:08:36 this, this, and runs reports on these primary statistics that I want to have.
683 01:08:37 --> 01:08:42 And then a coder sits down says, Okay, well, I can do that. Encodes it out well
684 01:08:42 --> 01:08:45 in trading, because it's algorithmically delivered, you have to have your your
685 01:08:46 --> 01:08:49 arrays where you're going to get the information from, where's the first
686 01:08:49 --> 01:08:52 setup going to form every single time you sit in front of the charts, Caleb,
687 01:08:52 --> 01:08:56 it's going to happen in the morning session. Where are you going to look for
688 01:08:56 --> 01:09:00 that set up the form that's an array, that's a data point, just like a program
689 01:09:00 --> 01:09:05 is going to go and, okay, I need to do this calculation. I need to get the
690 01:09:05 --> 01:09:10 source information. So that data, where is it? Well, it's in that first 30
691 01:09:10 --> 01:09:16 minutes of trading. What is the first data point where we first open up at the
692 01:09:16 --> 01:09:21 first 930 print in relationship to where we settled previous day. So you have
693 01:09:21 --> 01:09:25 two, two arrays of information right there. Are we above or below at the
694 01:09:25 --> 01:09:29 opening at 930 if we're above, okay, what's the midpoint between those two
695 01:09:29 --> 01:09:33 price points? Yesterday's settlement price at 414 and 930 opening price
696 01:09:33 --> 01:09:39 today, if we're opening higher at 930 today, that means that the draw, initial
697 01:09:39 --> 01:09:46 draw, or the bias for you is going to be lower, and you are. You're submitting to
698 01:09:46 --> 01:09:50 the idea that it doesn't need to get to that midpoint gap. It doesn't never need
699 01:09:50 --> 01:09:54 to pray. It doesn't need the price there yet, but that's your bias. And then
700 01:09:54 --> 01:10:02 you're waiting until 931 candlestick closes. And. Then at 932 if 931 creates
701 01:10:02 --> 01:10:07 a fair value gap, that's your first fair value gap for the day. That is your
702 01:10:07 --> 01:10:13 focus point for the range that your setup is going to form at or near right
703 01:10:13 --> 01:10:17 away that's already smashed the shit out of everybody else's stuff, because
704 01:10:17 --> 01:10:22 everybody else's stuff is reacting to things we're anticipating, we are
705 01:10:22 --> 01:10:26 fucking predicting the future. That's what you're trading futures. It's in the
706 01:10:26 --> 01:10:29 name of the fucking game. If you're not predicting the future, you're fucking
707 01:10:29 --> 01:10:36 clueless. You're clueless. And I am not making guesses, and I'm not teaching you
708 01:10:36 --> 01:10:40 son to make fucking guesses like these Yahoos out there, these people are
709 01:10:40 --> 01:10:44 fucking idiots. They're fucking clowns. They think they're smart. They have no
710 01:10:44 --> 01:10:49 idea where they're at zero. They have zero fucking understanding. My students
711 01:10:49 --> 01:10:52 have seen me do this, and they're able to do this, and you're gonna do it too.
712 01:10:53 --> 01:10:57 You are going to fucking run circles around these fucking jerks. But let them
713 01:10:57 --> 01:11:03 talk, because that is liquidity. That's the people up here. That's the people
714 01:11:04 --> 01:11:08 that are selling short down here. That's the people that you're targeting.
715 01:11:08 --> 01:11:14 They're your fucking food. Son, they're your food. Don't worry about don't play
716 01:11:14 --> 01:11:17 with your fucking food. Okay, don't worry about them, because they're gonna
717 01:11:17 --> 01:11:22 keep coming to the watering hole and you eat. Don't feel sorry for them. Don't
718 01:11:22 --> 01:11:27 apologize to them when you get ready, take them out, devour them. Fucking
719 01:11:27 --> 01:11:32 devour them. Their food. For you, their food just simply consume them. That's
720 01:11:32 --> 01:11:36 all you have to do. That's what trading is. You don't feel sorry for the person
721 01:11:36 --> 01:11:40 outside your trade. Fuck them. They made the mistake. Let them live with it. If
722 01:11:40 --> 01:11:43 they're smart, they'll come back and bounce it and get it back and draw down
723 01:11:43 --> 01:11:47 recover. If they can't recover, their drawdown, they don't deserve to be here.
724 01:11:47 --> 01:11:53 They should be food and exterminated. That's the that's the economy in this
725 01:11:53 --> 01:11:58 business. Folks, if that's jarring for you, if that's unsettling for you, get
726 01:11:58 --> 01:12:01 over it, because that's exactly what you're going to have happen to you when
727 01:12:01 --> 01:12:07 you do it wrong. Your food, someone got you, someone devoured you, someone took
728 01:12:07 --> 01:12:16 your money. But until you look at the market like this, like it's war, like
729 01:12:16 --> 01:12:25 it's survival of the fittest, predator and prey, what would you rather be the
730 01:12:25 --> 01:12:34 animal looking up, expecting any moment darkness to descend upon them, or
731 01:12:34 --> 01:12:44 looking down At the meal and not needing to apologize? That's the mindset. That's
732 01:12:44 --> 01:12:50 what it requires. If you go in here and think you're looking at classical
733 01:12:50 --> 01:12:56 musical notes on a sheet of paper, that's that's not how it works. You're
734 01:12:56 --> 01:13:01 lying to yourself. This Is War, and the people on the other side of your trade,
735 01:13:01 --> 01:13:06 want you to fail. I want all of you, if you're on the other side of my trade, I
736 01:13:06 --> 01:13:13 want every single one of you to lose. If I was on the other side of your trade,
737 01:13:13 --> 01:13:18 you'd want me to lose. Why is there any shame? There ain't none. If you
738 01:13:18 --> 01:13:24 understand the the economy of this industry. That's how it works. So you
739 01:13:24 --> 01:13:28 have to look for the advantages that everybody else makes the same mistakes
740 01:13:29 --> 01:13:33 outside of the logic I'm teaching. They all make the same fucking mistakes, and
741 01:13:33 --> 01:13:39 they think, they think with their myopic perspectives, because I dress a chart a
742 01:13:39 --> 01:13:44 certain way. Oh, that's a sell. And so time and price theory, my time and price
743 01:13:44 --> 01:13:49 theory, is fucking macros. That means 20 minute intervals every single hour of
744 01:13:49 --> 01:13:52 every single day, the last 10 minutes before the top of the hour and the first
745 01:13:52 --> 01:13:57 10 minutes of the top of the hour every single hour. That's my time and price
746 01:13:57 --> 01:14:00 theory. I'm not using geometrical fucking shapes. I'm not looking at
747 01:14:00 --> 01:14:04 diagonal trend lines. I'm not looking again. Gann is absolute fucking
748 01:14:04 --> 01:14:09 bullshit. I've said this before. It's bullshit that's nowhere in my charts.
749 01:14:09 --> 01:14:14 It's never being implemented. None of that stuff I'm looking for time when the
750 01:14:14 --> 01:14:17 market should should start running. It's spooling and it's going to be running
751 01:14:17 --> 01:14:21 for liquidity or inefficiency. So that means I already know what I'm looking
752 01:14:21 --> 01:14:26 for. Time wise, I'm setting my watch to I'm gonna set a expectation. I'm gonna
753 01:14:26 --> 01:14:33 look for a setup at every fucking hour. Can you do that with your harmonic horse
754 01:14:33 --> 01:14:37 shit? Can you do that with your Elliot Wade? Can you tell me at every single
755 01:14:37 --> 01:14:40 hour that you're gonna get a fucking setup that you know when that fucking
756 01:14:40 --> 01:14:45 setups gonna form. Can you do that? You fucking can't. You cannot do that. So
757 01:14:45 --> 01:14:48 how the fuck are we on the same playing field? We're not baby I'm way to fuck up
758 01:14:48 --> 01:14:52 here in the fucking stratosphere looking down at all you fucking piss ants. You
759 01:14:52 --> 01:14:56 have no idea who the fuck is talking to you. You have no idea where the fuck I
760 01:14:56 --> 01:15:00 am from, what I'm fucking done, what I know you are fucking clowns. Keep making
761 01:15:00 --> 01:15:08 your dumb shit. We're all laughing at you. Nowhere near the same fucking
762 01:15:08 --> 01:15:13 playing field. It's unfair. The advantages are so unfair. And what's
763 01:15:13 --> 01:15:23 funny is you can't even recognize it. You can't recognize it. So imagine the
764 01:15:23 --> 01:15:29 humor. Imagine the fucking humor. I hope this person and anybody else that talks
765 01:15:29 --> 01:15:33 that nonsense, I can't wait to watch them live stream. I can't wait to see
766 01:15:33 --> 01:15:36 what the fuck they do, because I'm gonna fade every fucking thing they do, and
767 01:15:36 --> 01:15:43 I'm gonna explain why that bullshit ain't working, so please schedule your
768 01:15:43 --> 01:15:46 live stream, and I'm gonna fucking show you what you fucking don't know. And
769 01:15:47 --> 01:15:51 this is an open invitation to anybody. I don't give a fuck who you are. Let's
770 01:15:51 --> 01:15:55 have some fun. I'm here for it. I told you the fall of this year was gonna be
771 01:15:55 --> 01:16:04 fucking fun, and I'm here for it. But you have to understand something. Just
772 01:16:04 --> 01:16:09 because a fucking trend line, a straight line drawing from one point to the next,
773 01:16:09 --> 01:16:12 doesn't mean that I'm a trend line trader. Doesn't mean that I'm trading
774 01:16:12 --> 01:16:18 uh, support or resistance. It doesn't mean that I'm trading supply and demand.
775 01:16:18 --> 01:16:24 When I highlight a very specific price range. That is a order block. It is not
776 01:16:24 --> 01:16:30 a bunch of orders. Okay? Order blocks don't make price go up. You fucking
777 01:16:30 --> 01:16:33 people don't know what you're talking about. You literally don't know what the
778 01:16:33 --> 01:16:45 fuck you're talking about. An order block is two specific price levels. Two
779 01:16:45 --> 01:16:49 one's afforded for the initial entry, for smart money, and the second one, if
780 01:16:49 --> 01:16:55 it's given they can add to it. That's what's really going on in those specific
781 01:16:56 --> 01:16:59 time intervals that I'm pointing to at any given time. That's what's really
782 01:16:59 --> 01:17:05 going on. It's an algorithmic delivery where prices being offered at that
783 01:17:05 --> 01:17:10 price, not a zone, not some fucking Milli Vanilli area, where, who the hell
784 01:17:10 --> 01:17:14 knows what you're trying to get? I know exactly what I'm trying to get. Look at
785 01:17:14 --> 01:17:17 my fucking executions. Look at the logic. Look at the things I'm telling
786 01:17:17 --> 01:17:22 you as the tape is printing on these lower time frames, and how it's stopping
787 01:17:22 --> 01:17:26 right to the fucking tick it's behaving. What I tell you it's going to do, how
788 01:17:26 --> 01:17:30 it's going to behave, and when it doesn't do that, it gives me insight and
789 01:17:30 --> 01:17:34 tells me it's going to go to this liquidity or this inefficiency or this
790 01:17:34 --> 01:17:41 specific PD array. It's laughable. Like it. I mean, I love it. I wish more
791 01:17:41 --> 01:17:45 people made more videos like that. I swear. I wish you would do more of that
792 01:17:45 --> 01:17:49 stuff. Because all it does, it saturates the market with more proof that you
793 01:17:49 --> 01:17:50 fucking people are stupid.
794 01:17:51 --> 01:17:55 Because once my students see this stuff and they make money with it in their own
795 01:17:55 --> 01:18:00 hands, you're never convincing them otherwise, and we're all in on the
796 01:18:00 --> 01:18:04 fucking joke, you're a clown, and you understand why? Now, I've always laughed
797 01:18:04 --> 01:18:10 at people like this. That's why I sound arrogant and pompous and narcissistic,
798 01:18:10 --> 01:18:16 because idiots are trying to tell me what they don't know. Like you don't
799 01:18:16 --> 01:18:21 know. You simply don't know. And it's not for a lack of opportunity, because I
800 01:18:21 --> 01:18:28 have it out here for free. Who's the idiot here? Who's the fool here? Someone
801 01:18:28 --> 01:18:31 they can tell you beforehand and then execute on it, and then made millionaire
802 01:18:31 --> 01:18:37 students with it. Millionaire students, not just I gotta, I gotta pay out
803 01:18:37 --> 01:18:49 millionaire students. You're going to come talking to me. I fucking love it. I
804 01:18:49 --> 01:18:53 love it. Get your fucking ad revenue. Lady. Christmas is fucking coming that
805 01:18:53 --> 01:18:58 way. You can put some stamps on the fucking Christmas cards and send them
806 01:18:58 --> 01:19:03 out. I will be with you tomorrow if I can, if I absolutely can, work it out, I
807 01:19:03 --> 01:19:06 will be with you the last hour today. Okay, because I want to be able to prove
808 01:19:06 --> 01:19:12 to you that we can, we can do more than what's being shown here. But Caleb, you
809 01:19:12 --> 01:19:18 have plenty to work with here. You have plenty to start with as a framework,
810 01:19:19 --> 01:19:26 there's no guesswork in it you're you're going by the numbers, time of day, very
811 01:19:26 --> 01:19:30 specific measurements in time, very, very, very specific measurements in what
812 01:19:30 --> 01:19:35 price you're looking for. Not a zone, not a diagonal trend line, not some
813 01:19:35 --> 01:19:40 horseshit, Elliott Wave garbage, none of that stuff. Okay, the measurements of
814 01:19:40 --> 01:19:46 Fibonacci are just simply giving me measurements of a range and what beyond
815 01:19:46 --> 01:19:50 that range, if it trades beyond it, what level, if it agrees with another PD
816 01:19:50 --> 01:19:54 array. That's the secret of Fibonacci. Because you can have all the Fibonacci
817 01:19:54 --> 01:19:58 extensions you want and all the retracements you want, it doesn't mean
818 01:19:58 --> 01:20:03 price is going to do shit there you. It doesn't mean that. But what happens if
819 01:20:03 --> 01:20:07 you have a price range that's moved higher, then it retraces lower into a
820 01:20:07 --> 01:20:13 62, to 70% traceable that's a that's the golden ratio. I mean, that's, I mean, I
821 01:20:13 --> 01:20:17 didn't invent that. It's a three quarter poreback by itself. There. You can do
822 01:20:17 --> 01:20:23 that all day long, all day long, and fail. But what happens when there's a PD
823 01:20:23 --> 01:20:26 array that agrees with that, and it's also in a macro time 10 minutes to the
824 01:20:26 --> 01:20:31 top of our or 10 minutes after that same hour? Now you have a loaded deal. It's
825 01:20:31 --> 01:20:34 going to trade, it's going to, it's going to it's going to run. It may not
826 01:20:34 --> 01:20:38 run 100 handles, but it's going to run back to the top of the range that you're
827 01:20:38 --> 01:20:41 framing for that Fibonacci. And that's all you need is a bread and butter
828 01:20:41 --> 01:20:45 setup. See, I can use all your tools against you. I can use all your retail
829 01:20:45 --> 01:20:48 horseshit. I can pick the right support and resistance. I can pick the right
830 01:20:48 --> 01:20:51 fucking trend line. I can pick all the fucking supply and demand zones that are
831 01:20:51 --> 01:20:55 really the ones that make money. Why are all these people out there failing when
832 01:20:55 --> 01:20:59 they try to use supply and demand? Why am I able to tell you beforehand all the
833 01:20:59 --> 01:21:02 when am I getting it wrong? Have you seen that? Have you noticed that lately?
834 01:21:03 --> 01:21:06 Have you noticed that why is my in my hands work better than everything else.
835 01:21:06 --> 01:21:10 I can do the same thing with indicators. I can take a buy and sell based on
836 01:21:10 --> 01:21:15 divergence. That that works the real divergence. I used to lose money all the
837 01:21:15 --> 01:21:19 time trading bullish divergences, but bullish divergences that occur in a
838 01:21:19 --> 01:21:26 stochastics or a rsi or a MACD, and you have a bullish scenario based on a order
839 01:21:26 --> 01:21:30 block or inefficiency with a fair value gap, and it's inside of a macro There
840 01:21:30 --> 01:21:34 you go. Now your indicators fucking work. Now they will work. The secret
841 01:21:34 --> 01:21:39 recipe that you never have is ICT. If you don't put ICT in your shit, you got
842 01:21:39 --> 01:21:46 nothing, honey, I'm the I'm the sweet in the tea. Okay? I'm the spice that makes
843 01:21:46 --> 01:21:54 it so fucking nice. I am the thing that cherry on top. I'm what makes it good.
844 01:21:54 --> 01:21:58 You don't have me in it. It ain't working. How about that? How's that for
845 01:21:58 --> 01:22:02 narcissism? How's that for arrogance? Without me, your shit doesn't work,
846 01:22:03 --> 01:22:06 period. Look at every one of your losing trades, I guarantee you you're against
847 01:22:06 --> 01:22:10 what I'm teaching. Then look at your winning trades, and they're going to be
848 01:22:10 --> 01:22:13 in alignment, and you're not going to know or recognize that that's the reason
849 01:22:14 --> 01:22:18 why your trade worked. How about that? For a fucking video? Do a documentary on
850 01:22:18 --> 01:22:23 that? You fucking clowns. You have no idea what you're talking about. I could
851 01:22:23 --> 01:22:28 flip this around and make a mockery of every other fucking style and show them
852 01:22:28 --> 01:22:34 how it fails and how to make it work. I got plenty of opportunities to make like
853 01:22:34 --> 01:22:40 that, but I'm busy doing this. I'm I'm busy predicting the future. I'm busy
854 01:22:40 --> 01:22:48 teaching how other people can be millionaires for free. So that's it for
855 01:22:48 --> 01:22:58 today. Low risk, low yield, laboratory experiments, 75 to $100 a day time. Very
856 01:23:00 --> 01:23:04 specific price levels, very specific draws on liquidity. The initial draw is
857 01:23:04 --> 01:23:09 50% of the gap. If you work with this in the beginning. Caleb, don't ask beyond
858 01:23:09 --> 01:23:13 that. Don't ask me, what about this? And what about that? Just stick with this.
859 01:23:13 --> 01:23:17 Do it for a couple weeks. Look at your charts and, you know, impact testing it.
860 01:23:17 --> 01:23:21 Look and see, and you'll see these setups are there every single day. And
861 01:23:21 --> 01:23:25 then when you have the ability to do it, watch it with the tape live, you're not
862 01:23:25 --> 01:23:29 pushing the button, but you're going to watch these types of things pan out. And
863 01:23:29 --> 01:23:32 then after you do two or three weeks of that, then you can go and start pressing
864 01:23:32 --> 01:23:36 the button with one contract on a micro and then test the theory. Just simply,
865 01:23:36 --> 01:23:39 just test it, and desensitize yourself to the worries about making money or
866 01:23:39 --> 01:23:43 losing money. And that's what all of you should do, too, in that order, in that
867 01:23:43 --> 01:23:47 natural progression, that way you go through the process of eliminating all
868 01:23:47 --> 01:23:50 that I have to make money or I'm afraid I'm going to lose money, don't worry
869 01:23:50 --> 01:23:54 about doing that stuff. All that stuff is things that it's going to work itself
870 01:23:54 --> 01:23:58 out. If you do everything I'm teaching, that's going to be the least of your
871 01:23:58 --> 01:24:02 concern. And until I'll talk to you either later today, I'll let you know in
872 01:24:02 --> 01:24:05 my community post and or on Twitter. I'll probably do if I'm going to be on
873 01:24:05 --> 01:24:09 there, I'll do both. I'll tweet it and I'll say it on my community post.
874 01:24:09 --> 01:24:12 Otherwise, the only post you see in my community post will be, what did you
875 01:24:12 --> 01:24:15 learn today? And for the jackasses, they'll say, we we watched you not take
876 01:24:15 --> 01:24:19 the profit in the market went the other direction. And that's exactly what I
877 01:24:19 --> 01:24:22 want you to see. I'll talk to you later be safe. Bye.