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.

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

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