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2 |1 |00:01:16 ~-~-> 00:01:17 |ICT: Just checking The audio
3 |2 |00:01:22 ~-~-> 00:01:31 |check. Alright, so we are looking at the the difference between CFDs, which are
4 |3 |00:01:31 ~-~-> 00:01:37 |not legally traded in America. So all you gurus out there that show your
5 |4 |00:01:37 ~-~-> 00:01:48 |multiple MT four screenshots of the same market. You got 50,000 per per profit
6 |5 |00:01:48 ~-~-> 00:01:54 |line. Nobody believes that crap, but the pretend. Pretend is fun, right? So for
7 |6 |00:01:56 ~-~-> 00:01:59 |the folks that are outside the US, but you want to learn what it is I'm
8 |7 |00:01:59 ~-~-> 00:02:07 |teaching with the futures market. How can you participate? How can you be a a
9 |8 |00:02:07 ~-~-> 00:02:11 |player, if you will, in reading price action and learning how to do that. So
10 |9 |00:02:12 ~-~-> 00:02:18 |if we know that I am not going to be trading the CFDs, I won't even push the
11 |10 |00:02:18 ~-~-> 00:02:21 |button on that. Okay, I'm not going to do that, but it's not necessary that I
12 |11 |00:02:21 ~-~-> 00:02:26 |do, because I'm going to show you exactly how to do everything. You see me
13 |12 |00:02:26 ~-~-> 00:02:34 |dealing with the futures contract. The CFDs, they trade in, you know, 20, 24/7,
14 |13 |00:02:35 ~-~-> 00:02:43 |they go around the clock. There's a separation with the settlement price at
15 |14 |00:02:43 ~-~-> 00:02:50 |4:14pm Eastern Time. And then there is the 930 opening. And we can see that
16 |15 |00:02:50 ~-~-> 00:02:57 |relatively easy when we're looking at the regular trading hours. So right now
17 |16 |00:02:57 ~-~-> 00:03:01 |I'm looking at the micro emitting NASDAQ. This is for December's contract,
18 |17 |00:03:03 ~-~-> 00:03:07 |and I'm going to show you the recording. I'm not sure what was going on with the
19 |18 |00:03:09 ~-~-> 00:03:14 |Twitter or x app this morning. I tried to show the recording of me executing
20 |19 |00:03:15 ~-~-> 00:03:19 |this morning and all the business I'm about to show you, but I don't know why
21 |20 |00:03:19 ~-~-> 00:03:23 |it wouldn't. It wouldn't let me upload it. So I don't know if I'm on the bad
22 |21 |00:03:23 ~-~-> 00:03:30 |list over there or what, but it'll be part of Caleb's channel upload tonight,
23 |22 |00:03:30 ~-~-> 00:03:33 |so that way you can watch it there. It just, it's gonna be a real brief thing,
24 |23 |00:03:33 ~-~-> 00:03:39 |but I kind of like what. I'll outline it here and also show you the same similar
25 |24 |00:03:39 ~-~-> 00:03:47 |things that's shown in a CFD for NASDAQ. So if you're not an American and you can
26 |25 |00:03:47 ~-~-> 00:03:52 |trade through like a Forex broker, I'm not trading Forex anymore. I'm not
27 |26 |00:03:52 ~-~-> 00:03:56 |enticing you to trade Forex. I'm not trying to tell you you should trade
28 |27 |00:03:56 ~-~-> 00:04:01 |that. I'm not telling you you should trade the CFDs. But if you can't follow
29 |28 |00:04:01 ~-~-> 00:04:06 |along with the actual futures market. You can get as close as you can, but
30 |29 |00:04:06 ~-~-> 00:04:09 |they're not going to mark the market. Now. I'll show you what that means in a
31 |30 |00:04:09 ~-~-> 00:04:14 |moment, but they're close enough for you to do studies. Let's say it that way.
32 |31 |00:04:14 ~-~-> 00:04:18 |Okay, so we can all agree that we're just studying price action and not
33 |32 |00:04:18 ~-~-> 00:04:21 |trying to give you trade advice. I'm not trying to give you investment advice,
34 |33 |00:04:21 ~-~-> 00:04:24 |but this is how you bridge the gap between the two. Okay, so that way
35 |34 |00:04:24 ~-~-> 00:04:29 |you're not out like orphans. ICT left us, we're in forex and these trading
36 |35 |00:04:29 ~-~-> 00:04:33 |futures, and we don't trade futures anymore. CFDs, you can trade them
37 |36 |00:04:34 ~-~-> 00:04:37 |wherever you're at. If you're not in America, you can probably trade them
38 |37 |00:04:37 ~-~-> 00:04:41 |now. Are some, there are some countries that are cracking down and making it
39 |38 |00:04:41 ~-~-> 00:04:46 |illegal for people to do it at all. Okay, and I talked about that in Twitter
40 |39 |00:04:46 ~-~-> 00:04:53 |spaces about a year ago, so you might want to think about that. But the the
41 |40 |00:04:53 ~-~-> 00:04:59 |mini contract for NASDAQ every handle move that means four ticks up or down
42 |41 |00:04:59 ~-~-> 00:05:05 |you. It's taking or adding to your account in the amount of $20 US dollars
43 |42 |00:05:06 ~-~-> 00:05:14 |in a micro it's $2 for every four ticks or one handle. So a handle would be like
44 |43 |00:05:14 ~-~-> 00:05:26 |20,000 010, to 20,000 011, and if you were long one contract, that would be
45 |44 |00:05:26 ~-~-> 00:05:34 |one increase of a handle, or four ticks or $20 if it went one tick, I'm sorry,
46 |45 |00:05:34 ~-~-> 00:05:39 |four ticks below your entry in your long you would be debited mark to market
47 |46 |00:05:40 ~-~-> 00:05:48 |negative $20 for a micro. It's only $2 so it affords the the student to focus
48 |47 |00:05:48 ~-~-> 00:05:54 |and study in this medium, not the Mini. Okay? And for all of you that are
49 |48 |00:05:54 ~-~-> 00:05:58 |trading in these southern account company things, if you're not using this
50 |49 |00:05:58 ~-~-> 00:06:01 |like I'm showing you're really doing it wrong? Because you're gambling. I don't
51 |50 |00:06:01 ~-~-> 00:06:04 |care who you are. I don't care if that hurts your feelings. You're literally
52 |51 |00:06:04 ~-~-> 00:06:10 |gambling. When my sons did it, they gambled, they were over leveraged, they
53 |52 |00:06:10 ~-~-> 00:06:14 |were trading more than they should have, and the amount of money they gave you
54 |53 |00:06:14 ~-~-> 00:06:18 |that could be technically lost is such an infantile amount, it's so minuscule,
55 |54 |00:06:18 ~-~-> 00:06:22 |it's little. And you don't have the skill set, I'm sorry, you don't have the
56 |55 |00:06:22 ~-~-> 00:06:26 |skill set to be consistently able to go up against that as close as you can,
57 |56 |00:06:26 ~-~-> 00:06:30 |without going over him out, without drawing the account down or blowing it
58 |57 |00:06:30 ~-~-> 00:06:34 |out and then having to pay the reset fees. You can beat these companies. You
59 |58 |00:06:34 ~-~-> 00:06:39 |can beat them consistently, but you have to do it with a shoestring budget
60 |59 |00:06:39 ~-~-> 00:06:44 |approach, like trading the micros and what I'm showing you here today, all of
61 |60 |00:06:44 ~-~-> 00:06:48 |you, I'm, in my opinion, all of you could can do what I'm about to show you
62 |61 |00:06:48 ~-~-> 00:06:51 |today. That's my that's my personal opinion, and I'm welcome to that. You
63 |62 |00:06:51 ~-~-> 00:06:56 |may not agree with that, but it's, it's my opinion. But before we get into me,
64 |63 |00:06:56 ~-~-> 00:07:00 |just quickly right here. Yeah, okay, we got time the
65 |64 |00:07:06 ~-~-> 00:07:12 |I mentioned on Twitter, I'm going to slow down on Twitter. I just went over
66 |65 |00:07:12 ~-~-> 00:07:20 |there to rabble rouse for a little while. I've had fun, but the the tweet I
67 |66 |00:07:20 ~-~-> 00:07:24 |put out this morning, I said that we would likely see a limp opening. It
68 |67 |00:07:24 ~-~-> 00:07:28 |means it's anemic. It's not it doesn't have any kind of real excitement. And
69 |68 |00:07:28 ~-~-> 00:07:34 |it's because we don't see a large gap between where we settled at 415 or
70 |69 |00:07:34 ~-~-> 00:07:43 |4:14pm eastern time yesterday, to where we opened up at 930 here today. So if we
71 |70 |00:07:43 ~-~-> 00:07:51 |click on regular trading hours, this candlestick right there, right here,
72 |71 |00:07:51 ~-~-> 00:08:01 |that is the 4:14pm Thursday, September 19, 2024, settlement price now it trades
73 |72 |00:08:01 ~-~-> 00:08:06 |for another 4546 more minutes, and then closes at five o'clock. But this is what
74 |73 |00:08:06 ~-~-> 00:08:12 |you're looking for, for the opening range gap, if we open and the next
75 |74 |00:08:12 ~-~-> 00:08:20 |candlestick shows this 9:30am today, Friday, September 20, 2024 that opening
76 |75 |00:08:20 ~-~-> 00:08:27 |price sets the stage for the other parameter, for the opening range gap. So
77 |76 |00:08:27 ~-~-> 00:08:31 |since yesterday's settlement price is higher than our opening price today at
78 |77 |00:08:31 ~-~-> 00:08:39 |930 that means we have a discount opening range gap. That means today's
79 |78 |00:08:39 ~-~-> 00:08:48 |opening price at 930 is lower than where we closed at 414 now with CFDs, you
80 |79 |00:08:48 ~-~-> 00:08:51 |don't have this function here, and this is what's called a great deal of
81 |80 |00:08:51 ~-~-> 00:08:55 |confusion for everyone that doesn't have the ability to trade with futures. So
82 |81 |00:08:55 ~-~-> 00:08:58 |I'm going to show you how to bridge that in a moment. But let me just walk
83 |82 |00:08:58 ~-~-> 00:09:01 |through this real quick, so that way, when you watch the video that just
84 |83 |00:09:01 ~-~-> 00:09:05 |streams real quick without any annotation tonight, you know that you've
85 |84 |00:09:05 ~-~-> 00:09:14 |heard it here, and just wait for the closed captions to appear. It takes time
86 |85 |00:09:14 ~-~-> 00:09:18 |for YouTube to put those on. So stop sending me comments and tell me I'm
87 |86 |00:09:18 ~-~-> 00:09:22 |being mean. I'm not being mean, but I'm not typing out a transcript every time I
88 |87 |00:09:22 ~-~-> 00:09:31 |do a video. All right. So here is the first fair value gap between 930
89 |88 |00:09:32 ~-~-> 00:09:38 |technically, 931 to 10 o'clock. That 930 to 10 o'clock is an interval of time
90 |89 |00:09:39 ~-~-> 00:09:45 |that I dub a opening range. So there's two things occurring here, the opening
91 |90 |00:09:45 ~-~-> 00:09:50 |range gap, which is a lower gap opening, which is that candlestick there, and
92 |91 |00:09:50 ~-~-> 00:09:55 |this line, if we were to scroll all the way to the left, which I'm not going to
93 |92 |00:09:55 ~-~-> 00:10:00 |do, would go right back to yesterday's. 4:14pm, Eastern Time, seven. Price. So
94 |93 |00:10:00 ~-~-> 00:10:10 |it's this line here, that bold line and this bold line. I'm making it as maximum
95 |94 |00:10:10 ~-~-> 00:10:17 |size as I can between those two price points is the opening range gap, opening
96 |95 |00:10:17 ~-~-> 00:10:25 |range, which is algorithmic. Anything less than this, they're they're making
97 |96 |00:10:25 ~-~-> 00:10:29 |up stuff. Let's put it that way. This is the first 30 minutes of trading. Okay,
98 |97 |00:10:29 ~-~-> 00:10:33 |the algorithm is going to use this range for several things, some of the things
99 |98 |00:10:33 ~-~-> 00:10:37 |I'll teach in 2024 mentorship, some of the things I already mentioned it. But
100 |99 |00:10:37 ~-~-> 00:10:40 |there'll be a lot of things in the book. You do not need to know. The things that
101 |100 |00:10:40 ~-~-> 00:10:43 |are going to be the book. You don't need to anything in those books. I've given
102 |101 |00:10:43 ~-~-> 00:10:47 |you enough on this YouTube channel, so it's not a solicit to sell you a book. I
103 |102 |00:10:47 ~-~-> 00:10:51 |don't care if you never buy my books, okay? I don't care if you come back and
104 |103 |00:10:51 ~-~-> 00:10:54 |watch my videos ever again. I'm just telling you you don't need to buy them,
105 |104 |00:10:54 ~-~-> 00:11:01 |okay? But I want to keep them, or keep the concepts private until I put it in
106 |105 |00:11:01 ~-~-> 00:11:04 |book form. Because there's so many people out there writing books as I make
107 |106 |00:11:04 ~-~-> 00:11:09 |videos here and teach new mentorship stuff, they're immediately putting them
108 |107 |00:11:09 ~-~-> 00:11:12 |into print. And to me, it's a little irritating, because you're not even
109 |108 |00:11:12 ~-~-> 00:11:15 |giving them. You're not getting the right instructions. So I want to do it
110 |109 |00:11:16 ~-~-> 00:11:19 |my way, the correct way, and that way if you all want to write books after the
111 |110 |00:11:19 ~-~-> 00:11:25 |fact, I could care less then, but the first fair value gap that forms occurs
112 |111 |00:11:25 ~-~-> 00:11:31 |at 934 so it meets the minimal criteria of at least the 931 candle, because you
113 |112 |00:11:31 ~-~-> 00:11:36 |can't use the 930 candle for the initial fair value gap or the first fair value
114 |113 |00:11:36 ~-~-> 00:11:41 |gap presentation between the 930 and 10 o'clock, all of these Things are still
115 |114 |00:11:41 ~-~-> 00:11:48 |going to hold true if you trade with the US 100 or the US 500 or the US 30. Those
116 |115 |00:11:48 ~-~-> 00:11:55 |are CFD CFDs are kind of like a composite, derivative type, little blend
117 |116 |00:11:56 ~-~-> 00:12:01 |of because they don't have the access to what the exchanges here do. They just
118 |117 |00:12:01 ~-~-> 00:12:06 |try to mimic it as best they can? And for the most part, it's it's good
119 |118 |00:12:06 ~-~-> 00:12:11 |enough. Okay, there's traders like Tom, who guard, who trade CFDs, and he has
120 |119 |00:12:11 ~-~-> 00:12:14 |his own YouTube channel here. He live streams every single day, unless he
121 |120 |00:12:14 ~-~-> 00:12:18 |tells you he's not going to. He trades in the European session and he trades in
122 |121 |00:12:18 ~-~-> 00:12:23 |the New York session sometimes. And if you want to watch someone trade a market
123 |122 |00:12:23 ~-~-> 00:12:30 |that is parallel to the US indices, like the NASDAQ, the Dow and the S P, you
124 |123 |00:12:30 ~-~-> 00:12:32 |should watch his channel, because he's actually out there dealing it with real
125 |124 |00:12:32 ~-~-> 00:12:37 |money. He's he's taking trades based on the stuff he he's built as a model for
126 |125 |00:12:37 ~-~-> 00:12:45 |himself. So the 934 first favorite I got here. You may have noticed when I was
127 |126 |00:12:45 ~-~-> 00:12:50 |showing the charts on Twitter this morning or this afternoon, rather. And
128 |127 |00:12:50 ~-~-> 00:12:54 |you may have looked at this and said, Well, you know you're doing this wrong,
129 |128 |00:12:54 ~-~-> 00:12:58 |and in the recording, you're going to see it look like this too. What I was
130 |129 |00:12:58 ~-~-> 00:13:04 |doing was, um, I know that it's not going to show a volume imbalance between
131 |130 |00:13:04 ~-~-> 00:13:07 |these two candlesticks up here, but there is a small one down here, so
132 |131 |00:13:07 ~-~-> 00:13:12 |technically, it should look like this, but during the trade, I wanted to see it
133 |132 |00:13:12 ~-~-> 00:13:18 |like that, okay, and I'll tell you why, because I want to see when we're in
134 |133 |00:13:18 ~-~-> 00:13:23 |consolidation like this, where It's back and forth, back and forth. What this is,
135 |134 |00:13:23 ~-~-> 00:13:29 |okay? It's not that it's lacking buying and selling. It doesn't mean that
136 |135 |00:13:29 ~-~-> 00:13:33 |there's nobody's willing buy. Doesn't mean that there's a balance of buyers or
137 |136 |00:13:33 ~-~-> 00:13:37 |sellers. It has absolutely nothing to do with that, zero to do with that. This is
138 |137 |00:13:37 ~-~-> 00:13:44 |called time distortion. It's waiting for a specific time. What time is that? It's
139 |138 |00:13:44 ~-~-> 00:13:53 |9:50am okay, so 9:50am to 1010, that is a algorithmic window of time where the
140 |139 |00:13:53 ~-~-> 00:13:59 |market will start to spool. That means it's going to run. Okay, so this initial
141 |140 |00:13:59 ~-~-> 00:14:04 |fair value gap, because we opened up. And you should have this in your notes
142 |141 |00:14:04 ~-~-> 00:14:09 |as well, whenever we open up. And if you have a very small opening range gap,
143 |142 |00:14:09 ~-~-> 00:14:14 |what is that? Well, it's 20 handles, and that's exactly what we had here today as
144 |143 |00:14:14 ~-~-> 00:14:18 |an opening range gap, because the high of it, which was yesterday's 414,
145 |144 |00:14:18 ~-~-> 00:14:29 |Eastern pm session settlement price was 20,000 055 for the micro NASDAQ for
146 |145 |00:14:29 ~-~-> 00:14:35 |December contract. And then we open today for the same market here at 20,035
147 |146 |00:14:37 ~-~-> 00:14:42 |even so, between those two prices, that's only 20 handles, so that's a
148 |147 |00:14:42 ~-~-> 00:14:48 |really limp or anemic opening gap. It's not a lot to get excited about. Plus, we
149 |148 |00:14:48 ~-~-> 00:14:52 |had a large range day yesterday, so in the morning, it's going to be a little
150 |149 |00:14:52 ~-~-> 00:14:57 |bit more difficult. And then you compound that with a Friday, where we've
151 |150 |00:14:57 ~-~-> 00:15:01 |already moved a lot. So it's it's. Going to be a whole lot more things that's
152 |151 |00:15:01 ~-~-> 00:15:06 |going to go against you, so you have to really stick the time. And the other
153 |152 |00:15:06 ~-~-> 00:15:11 |time, if it's a lot of volatility, you don't have to require my macro times. I
154 |153 |00:15:11 ~-~-> 00:15:14 |don't require my macro times when there's a lot of volatility, but when
155 |154 |00:15:14 ~-~-> 00:15:17 |there's things that are stacking against you, like we have a small gap opening,
156 |155 |00:15:18 ~-~-> 00:15:28 |it's Friday, we're at the end of the week, and well, that's enough. The the
157 |156 |00:15:28 ~-~-> 00:15:31 |small gap in a large range. Day yesterday already puts the the focus on
158 |157 |00:15:31 ~-~-> 00:15:35 |the morning session is going to be a little bit more challenging for someone
159 |158 |00:15:35 ~-~-> 00:15:40 |that doesn't have experience. So what occurs here is when the market opens up
160 |159 |00:15:40 ~-~-> 00:15:45 |at 930 it rallies and takes out a short term buy side liquidity. So it engages
161 |160 |00:15:45 ~-~-> 00:15:50 |that knocks out anyone that's already short, so they can't capitalize on that.
162 |161 |00:15:50 ~-~-> 00:15:54 |And it puts traders that would be a buyer above this old hire here that now
163 |162 |00:15:54 ~-~-> 00:15:59 |they're trapped in it long, so they're going to rake them across the coals to
164 |163 |00:15:59 ~-~-> 00:16:05 |this area of sell side to their sell stops below here. So they take traders
165 |164 |00:16:05 ~-~-> 00:16:12 |in prematurely by taking out this high there. So now they're thinking it's
166 |165 |00:16:12 ~-~-> 00:16:18 |going to break out. Keep going higher. It's not the market's going to trade.
167 |166 |00:16:18 ~-~-> 00:16:24 |Yesterday's gap did not get traded to to the midpoint, and it barely made an
168 |167 |00:16:24 ~-~-> 00:16:29 |attempt to get down into it. So because it's Friday, because it's TGIF, TGIF is
169 |168 |00:16:30 ~-~-> 00:16:33 |a scenario I like to look for, for the weekly range, whatever the highest high
170 |169 |00:16:33 ~-~-> 00:16:37 |in the lowest low is. And I'll include this information in Caleb's video
171 |170 |00:16:37 ~-~-> 00:16:41 |tonight. Okay, so on his channel, what I'm referring to by TGIF, and what that
172 |171 |00:16:41 ~-~-> 00:16:45 |means, and how to determine what that looks like on your charts. I'll show you
173 |172 |00:16:45 ~-~-> 00:16:48 |what that is. It only takes me a minute to do that, but it's likely to see a
174 |173 |00:16:48 ~-~-> 00:16:53 |pullback on Friday to 20 to 30% of the weekly range. Not that it means to do
175 |174 |00:16:53 ~-~-> 00:16:56 |that, but I'm always looking for something like that to unfold, and
176 |175 |00:16:56 ~-~-> 00:17:05 |because we have a low, exciting lack of excitement. Opening range gap, because
177 |176 |00:17:05 ~-~-> 00:17:14 |it's only 20 handles, it's not, it's not going to be requiring much, I guess,
178 |177 |00:17:14 ~-~-> 00:17:21 |participation right away. So wait. So what it means to me is, I'm looking at
179 |178 |00:17:21 ~-~-> 00:17:25 |that gap here, and I anticipate that they're going to work both sides of it,
180 |179 |00:17:25 ~-~-> 00:17:28 |back and forth, back and forth, back and forth. And I'm going to draw it
181 |180 |00:17:28 ~-~-> 00:17:32 |correctly so that we can see it real quick. That's what it would look like.
182 |181 |00:17:33 ~-~-> 00:17:38 |And I'll get to the breakaway gap in a second, if we know that we have a very
183 |182 |00:17:38 ~-~-> 00:17:44 |small gap opening, and we have a Friday end of the week, and we have a large
184 |183 |00:17:44 ~-~-> 00:17:50 |range day yesterday, we're going to be opening up close to what else? What?
185 |184 |00:17:50 ~-~-> 00:17:56 |What was the first comment that I was asking you about today on Twitter? Have
186 |185 |00:17:56 ~-~-> 00:18:00 |you extended yesterday's first presentation fair value gap between 930
187 |186 |00:18:01 ~-~-> 00:18:06 |and 10 o'clock. That's what this orange box is here. This orange box is
188 |187 |00:18:06 ~-~-> 00:18:12 |yesterday. Thursday's first fair value gap between 930 or 931 to 10 o'clock in
189 |188 |00:18:12 ~-~-> 00:18:17 |the morning, Eastern Time. The same way this is for today, the first fair value
190 |189 |00:18:17 ~-~-> 00:18:24 |gap. You want to extend them forward and their life cycles about three days now,
191 |190 |00:18:24 ~-~-> 00:18:30 |you're going to find that sometimes they'll still be useful a week, two
192 |191 |00:18:30 ~-~-> 00:18:34 |weeks, three weeks ago. You know it's it hasn't been traded back to Okay, that's
193 |192 |00:18:34 ~-~-> 00:18:39 |usually how it works. But when we're in a area where it's going to be ranging
194 |193 |00:18:39 ~-~-> 00:18:46 |around it and notice that when we were close to 930 if you look at what the pre
195 |194 |00:18:46 ~-~-> 00:18:49 |market was doing, because we're looking at electronic hours down here, it's the
196 |195 |00:18:49 ~-~-> 00:18:52 |same thing if you were looking at your CFD. So if you're looking at the US 100
197 |196 |00:18:53 ~-~-> 00:18:56 |and I'll show you a US 100 chart in a minute. Let me just get through this
198 |197 |00:18:56 ~-~-> 00:19:00 |part here, because I know you're like, I want to see it on a US 100 chart. You
199 |198 |00:19:00 ~-~-> 00:19:04 |will, but let me teach the way I want to teach. Please. Some of you are very
200 |199 |00:19:04 ~-~-> 00:19:08 |demanding and very rude in the comment section, and I don't ever see your
201 |200 |00:19:08 ~-~-> 00:19:11 |comment again. So just be mindful that I don't mind taking your your inquiries
202 |201 |00:19:11 ~-~-> 00:19:16 |and your questions, and I can bring that into the conversations, but when I see
203 |202 |00:19:16 ~-~-> 00:19:20 |you being rude or demanding or entitled, I don't ever get to see your comment
204 |203 |00:19:20 ~-~-> 00:19:23 |ever again. You think I'm going to see it, but I can't. I block you from the
205 |204 |00:19:23 ~-~-> 00:19:26 |channel. Doesn't mean you can't watch my videos or think you're leaving comments.
206 |205 |00:19:26 ~-~-> 00:19:35 |It just means I will never see it. So because we're opening up right here at
207 |206 |00:19:35 ~-~-> 00:19:40 |9:29am, that's electronic trading hours, you already can guess what the opening
208 |207 |00:19:40 ~-~-> 00:19:44 |price is going to be. It's going to be below where seventh was yesterday. Up
209 |208 |00:19:44 ~-~-> 00:19:52 |here, that's that price at 20,055 and it's again referring to this. That's
210 |209 |00:19:52 ~-~-> 00:19:58 |where trading stopped yesterday. And then it starts here with regular trading
211 |210 |00:19:58 ~-~-> 00:20:02 |hours. But between these two. Price point all day. I mean, all night long.
212 |211 |00:20:02 ~-~-> 00:20:08 |We've had all kinds of trading back and forth. But when we get close to 930, at
213 |212 |00:20:08 ~-~-> 00:20:12 |929, you can, you can see where we're going to be opening in relative terms to
214 |213 |00:20:13 ~-~-> 00:20:18 |the 4:14pm, Eastern Time settlement price, we're going to be opening higher
215 |214 |00:20:18 ~-~-> 00:20:21 |or lower. And you can guesstimate, really, is it going to be a wide gap?
216 |215 |00:20:21 ~-~-> 00:20:28 |And if it's not a wide gap, I don't like really less than 40 handles. If it's
217 |216 |00:20:28 ~-~-> 00:20:33 |less than 40 handles, I'm using other tools that's going to help me for
218 |217 |00:20:33 ~-~-> 00:20:37 |trading the morning session. Or I'll just opt out and wait till 10 o'clock
219 |218 |00:20:37 ~-~-> 00:20:41 |and I'll trade silver bullet, something like that. So there's very simple rules.
220 |219 |00:20:41 ~-~-> 00:20:44 |You see that it's not hard, it's not complicated, but you have to have
221 |220 |00:20:44 ~-~-> 00:20:47 |conditions and understand what those conditions are. And the same thing that
222 |221 |00:20:47 ~-~-> 00:20:53 |we're seeing here is applicable to the CFD market. So you don't have to stress
223 |222 |00:20:53 ~-~-> 00:20:58 |about, I don't trade futures, so I don't know how to make this work for me. So
224 |223 |00:20:58 ~-~-> 00:21:01 |because we have a very small gap between those two price points, yesterday's
225 |224 |00:21:01 ~-~-> 00:21:06 |settlement price in 9/31 opening price. Tick. That's this candle's opening
226 |225 |00:21:06 ~-~-> 00:21:11 |price. Where is that happening? Well, look at 929 look at that candle. Where
227 |226 |00:21:11 ~-~-> 00:21:16 |it's trading at. Before that candle closes, we're inside yesterday's first
228 |227 |00:21:16 ~-~-> 00:21:21 |presented fair value gap, aren't we? Look at the orange box. The only thing I
229 |228 |00:21:21 ~-~-> 00:21:29 |did here is I took the same gap that formed the very first one on the one
230 |229 |00:21:29 ~-~-> 00:21:35 |minute chart. I'm taking all your here because I want you to see it.
231 |230 |00:21:42 ~-~-> 00:21:46 |That's this candlestick right here at 938 that's the very first fair value gap
232 |231 |00:21:47 ~-~-> 00:21:54 |on Thursday, September 19, 2024 you understand. So the only thing I'm doing
233 |232 |00:21:54 ~-~-> 00:21:59 |is taking that gap, and I'm toggling on the settings box here. I'll go to
234 |233 |00:21:59 ~-~-> 00:22:03 |settings and over here, where it says style, just click extend right. If I
235 |234 |00:22:03 ~-~-> 00:22:07 |don't extend right, you can see it's just that candlestick right there. But
236 |235 |00:22:07 ~-~-> 00:22:12 |when I click on it like that, it keeps printing it and posting it forward in
237 |236 |00:22:12 ~-~-> 00:22:17 |the future. So that way, it's always going to be a reference point for me. So
238 |237 |00:22:18 ~-~-> 00:22:22 |by having that information, you want to know where you are in the last three
239 |238 |00:22:22 ~-~-> 00:22:26 |days with the first presented fair value gap between 931 and 10 o'clock in the
240 |239 |00:22:26 ~-~-> 00:22:30 |morning, because the algorithm is going to refer back to that again. And all you
241 |240 |00:22:30 ~-~-> 00:22:33 |have to do is look at what price has been doing here. You're going to tell me
242 |241 |00:22:33 ~-~-> 00:22:36 |that's buying and selling pressure. And everybody looks at that first fair value
243 |242 |00:22:36 ~-~-> 00:22:39 |gap. Everybody knew about that. That was you're telling me it's facade. I think
244 |243 |00:22:39 ~-~-> 00:22:44 |think about these people here. They talk nonsense. Oh, everybody knew about that.
245 |244 |00:22:44 ~-~-> 00:22:50 |Sam Sidon teaches that. No, he doesn't. He probably will. Now make sure you take
246 |245 |00:22:50 ~-~-> 00:23:00 |good notes. Sam, so if we have the opening here today at 930 it's opening
247 |246 |00:23:00 ~-~-> 00:23:06 |inside of yesterday's first presented fair value gap. So what does that mean?
248 |247 |00:23:08 ~-~-> 00:23:13 |It's going to use that fair value gap, not just this one and the first one that
249 |248 |00:23:13 ~-~-> 00:23:19 |prints in during time. Distortion may not be all that influential, and it
250 |249 |00:23:19 ~-~-> 00:23:28 |might be useful next week instead, you understand. So we have to look at this
251 |250 |00:23:30 ~-~-> 00:23:34 |orange shaded area, because that's yesterday. Thursday's first presentation
252 |251 |00:23:34 ~-~-> 00:23:39 |of a fair value gap between 930 and 10 o'clock. That's why I asked on Twitter.
253 |252 |00:23:39 ~-~-> 00:23:46 |I said, Have you extended yesterday's or Thursday's first presented fair Vega?
254 |253 |00:23:46 ~-~-> 00:23:50 |Have you? Have you made it so it's extending to the right on your chart?
255 |254 |00:23:51 ~-~-> 00:23:56 |Because if you're not doing that, you're going to miss everything that occurs
256 |255 |00:23:57 ~-~-> 00:24:05 |around this day. So when we're looking at opportunities for setups to form,
257 |256 |00:24:05 ~-~-> 00:24:12 |when we're looking for things that build, something that's predictable,
258 |257 |00:24:12 ~-~-> 00:24:17 |something that you can forecast, something that you can anticipate and
259 |258 |00:24:17 ~-~-> 00:24:24 |not be reacting people that do not know how price books, people that don't know
260 |259 |00:24:24 ~-~-> 00:24:30 |how these markets work, are always going to be reacting. If you're reacting to
261 |260 |00:24:30 ~-~-> 00:24:33 |something, that means you didn't anticipate it. That means you didn't
262 |261 |00:24:33 ~-~-> 00:24:37 |know it was going to happen, and that means you're not informed, and that
263 |262 |00:24:37 ~-~-> 00:24:44 |means you're not smart money. Now what I teach are concepts to help you predict.
264 |263 |00:24:45 ~-~-> 00:24:49 |You absolutely are predicting the market. You are predicting it. Anyone
265 |264 |00:24:49 ~-~-> 00:24:52 |that tells you you're not is talking out their ass. They have no idea what
266 |265 |00:24:52 ~-~-> 00:24:55 |they're doing and what they're doing is they're making an allowances for
267 |266 |00:24:55 ~-~-> 00:25:01 |themselves because they're not good at doing it. So they have a. A wide array
268 |267 |00:25:01 ~-~-> 00:25:05 |of excuses. It comforts them, because they're not going to be holding
269 |268 |00:25:05 ~-~-> 00:25:09 |themselves to the degree of accountability that other people in the
270 |269 |00:25:09 ~-~-> 00:25:13 |industry, like myself and my students. If we're challenged, can you do this?
271 |270 |00:25:13 ~-~-> 00:25:16 |We're right there at the front of the line. Yes, let me give you an
272 |271 |00:25:16 ~-~-> 00:25:20 |opportunity to see it for real. Let me show you what you don't know, because we
273 |272 |00:25:20 ~-~-> 00:25:24 |know what we know, and nobody's going to tell us it ain't happening. And we can
274 |273 |00:25:24 ~-~-> 00:25:27 |do it in our hands, and we're doing it better than any other school of thought
275 |274 |00:25:27 ~-~-> 00:25:32 |out there, more consistently. And you can learn this. You can learn how to do
276 |275 |00:25:32 ~-~-> 00:25:37 |this. You don't just watch me do it. You have to go into charts and practice, but
277 |276 |00:25:37 ~-~-> 00:25:42 |you have to start with these reference points. And you see by journaling them
278 |277 |00:25:43 ~-~-> 00:25:47 |in the last three days, did did the first presented fair value gap two days
279 |278 |00:25:47 ~-~-> 00:25:51 |ago? Did it have any influence on the price today? These are questions you
280 |279 |00:25:51 ~-~-> 00:25:55 |should go in there and looking for, and you're going to be discovering that,
281 |280 |00:25:55 ~-~-> 00:26:01 |wow, that was amazing, how that was just perfectly offered as a setup, and it had
282 |281 |00:26:01 ~-~-> 00:26:06 |very little drawdown, and it fired away. Then, you know, 30 to 50 handles, if not
283 |282 |00:26:06 ~-~-> 00:26:11 |more. But you're all struggling looking for setups, and they're right in front
284 |283 |00:26:11 ~-~-> 00:26:16 |of you, if you just listen, I'm telling you how to find them. So today, what I
285 |284 |00:26:16 ~-~-> 00:26:21 |was doing is I was watching this initial fair value gap and anticipating this
286 |285 |00:26:21 ~-~-> 00:26:24 |back and forth, time distortion, where it's just going to be working. What?
287 |286 |00:26:24 ~-~-> 00:26:30 |What is it working? Well, we we ran the initial level buy side that was over
288 |287 |00:26:30 ~-~-> 00:26:35 |here, that was pre session. So when we wicked above that, or there it went,
289 |288 |00:26:35 ~-~-> 00:26:40 |back down in and what is it hitting today's opening price? What is the
290 |289 |00:26:40 ~-~-> 00:26:46 |opening price at 930 it's the low of the opening range gap. So watch what it's
291 |290 |00:26:46 ~-~-> 00:26:50 |doing. It's opening here. It swings up to the high, which is yesterday's 414
292 |291 |00:26:51 ~-~-> 00:26:55 |settlement price. That's the high of the opening range gap for today. Then it
293 |292 |00:26:55 ~-~-> 00:27:00 |trades through that to get liquidity over here, and then it trades back down
294 |293 |00:27:00 ~-~-> 00:27:04 |overlaps the low or the opening price. And then what does it do again? It one
295 |294 |00:27:04 ~-~-> 00:27:09 |more time, reaches more buy side that maybe didn't get hit. Here they're going
296 |295 |00:27:09 ~-~-> 00:27:13 |one more pass in, and they're dropping it down again. Where's it going? Right
297 |296 |00:27:13 ~-~-> 00:27:19 |down to the opening range, gap low, if you're just looking at this, okay, or
298 |297 |00:27:20 ~-~-> 00:27:23 |you're a Dingleberry, and you are out there trying to point to where fair
299 |298 |00:27:23 ~-~-> 00:27:26 |value gaps don't work. And look at this, they get ran through. To get ran
300 |299 |00:27:26 ~-~-> 00:27:30 |through. It's designed to do that. It's designed to do that because you don't
301 |300 |00:27:30 ~-~-> 00:27:34 |know what the fuck you're talking about. There's logic behind these things, and
302 |301 |00:27:34 ~-~-> 00:27:37 |you don't know what it is, simply because you can draw a rectangle in one
303 |302 |00:27:37 ~-~-> 00:27:42 |candlestick that is not bridged with the previous candle or the subsequent next
304 |303 |00:27:42 ~-~-> 00:27:47 |candle doesn't make it a fair value guy. It makes no sense for anybody out there
305 |304 |00:27:47 ~-~-> 00:27:50 |to assume just because you think you see it there, it doesn't make it a fair
306 |305 |00:27:50 ~-~-> 00:27:53 |value guy. Just like every down closed candle is not a bullish order block and
307 |306 |00:27:53 ~-~-> 00:27:59 |never every up candle is not a bearish order block. So it's it's a little
308 |307 |00:27:59 ~-~-> 00:28:03 |frustrating. The teacher in me gets frustrated, because I know that what
309 |308 |00:28:03 ~-~-> 00:28:07 |what these people are doing is they copped out. They didn't want to go
310 |309 |00:28:07 ~-~-> 00:28:09 |through the process of really learning how to do it, so it's easier for them to
311 |310 |00:28:09 ~-~-> 00:28:13 |cook fun and say, look, it failed here, but I'm murdering these markets. I'm
312 |311 |00:28:13 ~-~-> 00:28:17 |doing it in front of people, and my students are doing it, and you and you
313 |312 |00:28:17 ~-~-> 00:28:20 |can be one of them, and you don't have to like me as a person. I don't care.
314 |313 |00:28:20 ~-~-> 00:28:25 |We're not here to be friends, but I want you all to do well. And if you
315 |314 |00:28:25 ~-~-> 00:28:29 |understand that, this is what this is going to do. Because of the day, it's
316 |315 |00:28:29 ~-~-> 00:28:32 |Friday, we have a very small gap opening, and we had a large range
317 |316 |00:28:32 ~-~-> 00:28:35 |yesterday, so the morning session is already going to be what more
318 |317 |00:28:35 ~-~-> 00:28:39 |complicated and challenging for a new trader. It doesn't mean you can't trade
319 |318 |00:28:39 ~-~-> 00:28:44 |it. It just means that when I talk, I talk in two schools of thought, my
320 |319 |00:28:45 ~-~-> 00:28:49 |students that understand how to trade, the ones that have their model and they
321 |320 |00:28:49 ~-~-> 00:28:53 |don't need to listen to me, okay, they're more advanced, or the people
322 |321 |00:28:53 ~-~-> 00:28:56 |that are just coming to me, they don't know anything. When I say, don't trade
323 |322 |00:28:56 ~-~-> 00:29:00 |on Mondays, most of time, it's because I don't want that new student to trade on
324 |323 |00:29:00 ~-~-> 00:29:05 |Mondays, because they tend to be a little bit more demanding in experience.
325 |324 |00:29:06 ~-~-> 00:29:10 |When I say don't trade on high news, news events, it doesn't mean you can't
326 |325 |00:29:10 ~-~-> 00:29:13 |trade on them. If you know what you're doing, you just got to wait until after
327 |326 |00:29:13 ~-~-> 00:29:17 |the report hits, then go in and look for the inefficiencies or the liquidities
328 |327 |00:29:17 ~-~-> 00:29:20 |left. But if you don't know what you're doing, if you don't even know what an
329 |328 |00:29:20 ~-~-> 00:29:24 |economic calendar is, you can get out there and get hurt really bad, and I
330 |329 |00:29:24 ~-~-> 00:29:29 |don't want any of that to happen to any of you. So because we have all those
331 |330 |00:29:29 ~-~-> 00:29:37 |factors today, that first gap is really of no importance yet, because it still
332 |331 |00:29:37 ~-~-> 00:29:43 |has to worry about yesterday's first fair value gap, because we opened inside
333 |332 |00:29:43 ~-~-> 00:29:49 |of it. This is a small little gap. This is a much larger gap, and we have been
334 |333 |00:29:49 ~-~-> 00:29:54 |using it since yesterday, over and over and over again. There was many trades
335 |334 |00:29:54 ~-~-> 00:29:58 |over the london session, the European session, Asia's close overnight. Last
336 |335 |00:29:58 ~-~-> 00:30:03 |night in Asia, there was trade. Around this orange box. They're there all the
337 |336 |00:30:03 ~-~-> 00:30:06 |time, and you've never noticed them because they've never been in any retail
338 |337 |00:30:06 ~-~-> 00:30:10 |books. That's why you didn't see them. Because if someone says, Hey, look, ICT
339 |338 |00:30:10 ~-~-> 00:30:14 |just reinvented something, they should see these setups. And they should be
340 |339 |00:30:14 ~-~-> 00:30:20 |there before 1996 they should be there before 2016 for sure. And they aren't
341 |340 |00:30:21 ~-~-> 00:30:30 |okay, so forget about it. So in here, once we got to here's 950 Okay, that's
342 |341 |00:30:30 ~-~-> 00:30:36 |this candlestick right there, 950 now we're at the time. We're at the time
343 |342 |00:30:37 ~-~-> 00:30:44 |when the market will do what spool now think about what has transpired. We had
344 |343 |00:30:44 ~-~-> 00:30:53 |a nice up close week. We've had the market open with a small opening range.
345 |344 |00:30:53 ~-~-> 00:31:03 |Gap, 20 handles we opened in yesterday's first presented fair value gap, the so
346 |345 |00:31:03 ~-~-> 00:31:09 |this gap here is going to be the least important. We ran back and forth over
347 |346 |00:31:09 ~-~-> 00:31:14 |top of the opening range gap, and yesterday's opening range gap did not
348 |347 |00:31:14 ~-~-> 00:31:19 |even trade to its midpoint or consequent encroachment. It barely made its way
349 |348 |00:31:19 ~-~-> 00:31:27 |towards the upper quadrant, so there's a huge discount, or a vacuum of price
350 |349 |00:31:28 ~-~-> 00:31:32 |where there was no buying and selling, because it never went down into its gag
351 |350 |00:31:32 ~-~-> 00:31:33 |yesterday at much
352 |351 |00:31:34 ~-~-> 00:31:39 |so, because it's Friday, and TGIF is Thank God it's Friday, meaning that it's
353 |352 |00:31:39 ~-~-> 00:31:45 |likely to Have a 20 to 30% retracement of what the total weekly range was. So
354 |353 |00:31:45 ~-~-> 00:31:50 |there's a lot of things that could be built into expecting the market to work
355 |354 |00:31:50 ~-~-> 00:31:58 |down below yesterday's first presented, fair Vega, but you have to wait until
356 |355 |00:31:58 ~-~-> 00:32:01 |the algorithm, not the buying and selling pressure, kicking in. It's the
357 |356 |00:32:01 ~-~-> 00:32:05 |algorithm, okay? It's the price engine that's going to start offering lower
358 |357 |00:32:05 ~-~-> 00:32:09 |prices. And it matters not how many people you see on a depth of market or
359 |358 |00:32:09 ~-~-> 00:32:14 |Level Two market makers don't use that shit, because what you're talking about,
360 |359 |00:32:14 ~-~-> 00:32:17 |you're talking about a dealer. You're not making a market. If you're as a
361 |360 |00:32:17 ~-~-> 00:32:22 |dealer, you're trading in the same price feed that everybody else is you're not
362 |361 |00:32:22 ~-~-> 00:32:26 |making that price. That price is what's out there right now, and you aren't
363 |362 |00:32:26 ~-~-> 00:32:31 |delivering it. You're not doing that. It's way above you. You have no idea
364 |363 |00:32:31 ~-~-> 00:32:35 |what the hell's going on. And by understanding that these things are
365 |364 |00:32:35 ~-~-> 00:32:38 |electronically driven in their algorithmic that means yes, there's
366 |365 |00:32:38 ~-~-> 00:32:44 |going to be reflected time in sales that says there was buyers at this price and
367 |366 |00:32:44 ~-~-> 00:32:47 |there were sellers at this price, and this was the amount of trade contracts
368 |367 |00:32:47 ~-~-> 00:32:53 |there. But that's not that's not going to have any lasting directional
369 |368 |00:32:53 ~-~-> 00:32:58 |influence. It might be a couple ticks here and there that, you know, it jumps
370 |369 |00:32:58 ~-~-> 00:33:03 |to get those orders, but it's going to go lower because it's driven to go
371 |370 |00:33:03 ~-~-> 00:33:07 |lower. It's scripted, and that's the part that most of you are struggling
372 |371 |00:33:07 ~-~-> 00:33:13 |with. I understand it's a little scary when you think about it, because we
373 |372 |00:33:13 ~-~-> 00:33:16 |don't have a free market, then we don't have a free market, and I'm glad we
374 |373 |00:33:16 ~-~-> 00:33:20 |don't have a free market, because that's what makes it advantageous. That's why I
375 |374 |00:33:20 ~-~-> 00:33:23 |can time this stuff, that's why I can explain it and make a concept around it,
376 |375 |00:33:23 ~-~-> 00:33:28 |because it's scripted. You know what's going to likely occur unless there's
377 |376 |00:33:28 ~-~-> 00:33:31 |manual intervention. So if there's things that are scripted, wouldn't it
378 |377 |00:33:31 ~-~-> 00:33:37 |make sense that they're going to repeat the same times of day? Yes, absolutely
379 |378 |00:33:38 ~-~-> 00:33:43 |every top of the hour first, I'm sorry, yeah, 10 minutes before you get to the
380 |379 |00:33:43 ~-~-> 00:33:48 |top of the hour. That's in this case here, it's 9:50am and they last for 20
381 |380 |00:33:48 ~-~-> 00:33:52 |minutes. So in that 20 minute interval, what we're looking for is, okay,
382 |381 |00:33:52 ~-~-> 00:33:58 |nothing. It's Friday. We have a small gap. We have a large range, and we've
383 |382 |00:33:58 ~-~-> 00:34:02 |already taken by side here. So and we open inside of yesterday's first
384 |383 |00:34:02 ~-~-> 00:34:09 |presented, fair Vega. Me getting to the point is this, it's more likely that
385 |384 |00:34:09 ~-~-> 00:34:18 |it's going to spool at 950, to 1010, lower, lower. So if that's the case, if
386 |385 |00:34:18 ~-~-> 00:34:24 |you're telling me that we're looking for yesterday's larger gap that didn't get
387 |386 |00:34:24 ~-~-> 00:34:28 |traded too much, because we have a very anemic, small gap here today. Well,
388 |387 |00:34:28 ~-~-> 00:34:32 |simply just be aware of those levels, but focus on yesterday's gap because
389 |388 |00:34:33 ~-~-> 00:34:36 |there's more opportunity for the market to want to go down into that area,
390 |389 |00:34:36 ~-~-> 00:34:44 |because it's going to offer efficient delivery, buying and selling is not
391 |390 |00:34:44 ~-~-> 00:34:49 |pushing price. It doesn't matter how much buying and selling is occurring. If
392 |391 |00:34:49 ~-~-> 00:34:52 |the market's going lower, it's going lower because it's going there, because
393 |392 |00:34:52 ~-~-> 00:34:57 |it's driven there, not by the selling, not because there's a lack of buyers.
394 |393 |00:34:58 ~-~-> 00:35:04 |It's simply a. Being taken there, because it's coded to do that. And yes,
395 |394 |00:35:04 ~-~-> 00:35:09 |you'll see all as as the transactions come in, because people are sentiment
396 |395 |00:35:09 ~-~-> 00:35:15 |driven animals. Okay, we we're greedy, we're scared, we're fearful, we're
397 |396 |00:35:15 ~-~-> 00:35:20 |impulsive. So naturally, yes, yes, we can look in all these candlesticks, and
398 |397 |00:35:20 ~-~-> 00:35:24 |smart people with hindsight can say, Look at this. ICT is talking nonsense,
399 |398 |00:35:24 ~-~-> 00:35:27 |because all you have to do is look at the volume profile, and all you have to
400 |399 |00:35:27 ~-~-> 00:35:30 |do is look at the time and time in sales, and all you have to do is look at
401 |400 |00:35:30 ~-~-> 00:35:38 |level two. You need that bullshit after it has happened. You're looking at that.
402 |401 |00:35:39 ~-~-> 00:35:43 |You're justifying something after that's happened in the depth of market, those
403 |402 |00:35:43 ~-~-> 00:35:47 |ladders that show you supposedly where, like, there's this many buyers waiting
404 |403 |00:35:47 ~-~-> 00:35:51 |above here at this price, or this many sellers waiting here. They're not all
405 |404 |00:35:51 ~-~-> 00:35:57 |real orders. They're not all real orders. So you're being you're it's a
406 |405 |00:35:57 ~-~-> 00:36:02 |spoofing. There's been large institutions that got themselves in
407 |406 |00:36:02 ~-~-> 00:36:06 |trouble doing that very thing. So why would you look at something where
408 |407 |00:36:06 ~-~-> 00:36:09 |they're dangling carrots when those carrots really aren't there? It's a
409 |408 |00:36:09 ~-~-> 00:36:14 |mirage. But see, I know what I'm looking for, and I don't need a book map. I
410 |409 |00:36:14 ~-~-> 00:36:19 |don't need those instruments out there that tell you supposedly a pseudo amount
411 |410 |00:36:19 ~-~-> 00:36:23 |of contracts that are resting at a specific price level, above or below the
412 |411 |00:36:23 ~-~-> 00:36:27 |market price. You don't need those things. You don't need them. But I would
413 |412 |00:36:27 ~-~-> 00:36:31 |have loved having it in the beginning, because I didn't understand the concept
414 |413 |00:36:31 ~-~-> 00:36:36 |of liquidity. But when you understand liquidity, you're going to get confused
415 |414 |00:36:36 ~-~-> 00:36:40 |by looking at those tools only and not understanding what the algorithm is
416 |415 |00:36:40 ~-~-> 00:36:43 |doing, just simply, because there's a lot of orders above the market. Above
417 |416 |00:36:43 ~-~-> 00:36:47 |the market doesn't mean it's going to go up. All you have to do is study it all.
418 |417 |00:36:47 ~-~-> 00:36:52 |At any given time, any day, you'll see that there's a large pool of orders that
419 |418 |00:36:52 ~-~-> 00:36:55 |just simply aren't going to get traded to. And you're thinking, Okay, well,
420 |419 |00:36:55 ~-~-> 00:37:00 |they're not interested. Who's that? When you talk like that, who is the they but
421 |420 |00:37:00 ~-~-> 00:37:04 |when I say today, you all get a case of the ass like, you know, this guy's a
422 |421 |00:37:04 ~-~-> 00:37:10 |conspiracy nut, but there's an algorithm that delivers price, and if you can time
423 |422 |00:37:10 ~-~-> 00:37:17 |when to anticipate the market reacting a specific way, the condition is this. The
424 |423 |00:37:17 ~-~-> 00:37:21 |narrative is this. It's going to go lower. When I tweeted this morning, I
425 |424 |00:37:21 ~-~-> 00:37:26 |said, focus on two sell side liquidity pools. Does that sound bullish to you? I
426 |425 |00:37:26 ~-~-> 00:37:30 |mean something below the market. So again, the direction was right.
427 |426 |00:37:41 ~-~-> 00:37:44 |There's a short term low there, there's a short term low right there, there's a
428 |427 |00:37:44 ~-~-> 00:37:47 |short term low right there, there's a short term low right there, and there's
429 |428 |00:37:47 ~-~-> 00:37:53 |a short term low right there. Okay, I used the easiest one that would be below
430 |429 |00:37:53 ~-~-> 00:37:58 |here. So that's this one here. This one I'm not too concerned about. I ain't
431 |430 |00:37:58 ~-~-> 00:38:02 |worried about the fair value gap, because if we're going to get down here,
432 |431 |00:38:02 ~-~-> 00:38:08 |it's going to want to go below these relative equal lives. So from up here at
433 |432 |00:38:08 ~-~-> 00:38:16 |950 I'm anticipating the market at that time it's going to start, it's going to
434 |433 |00:38:16 ~-~-> 00:38:22 |start moving in that direction. That's what a macro is. A macro is a small list
435 |434 |00:38:22 ~-~-> 00:38:29 |of directives that this program, because that's all it is. It starts processing
436 |435 |00:38:29 ~-~-> 00:38:36 |and delivering on the basis of how fast it's told to do it, how many times it
437 |436 |00:38:36 ~-~-> 00:38:40 |has to stop. And create this scenario here, which is time distortion. You are
438 |437 |00:38:40 ~-~-> 00:38:46 |all told that it's chop, or it's consolidation, or it's indecisiveness.
439 |438 |00:38:46 ~-~-> 00:38:51 |It moves. It knows exactly what it's doing. Folks, it know. It knows exactly
440 |439 |00:38:51 ~-~-> 00:38:55 |what it's doing. It has a list of directions, and it's following it.
441 |440 |00:38:56 ~-~-> 00:39:01 |That's all it does, okay? And this engine that delivers and manipulates
442 |441 |00:39:01 ~-~-> 00:39:09 |price. We all are watching a video game, and we have no control with our buying
443 |442 |00:39:09 ~-~-> 00:39:13 |and selling. If we could, if we had that much influence because of our buying and
444 |443 |00:39:13 ~-~-> 00:39:17 |selling, we could crash the market. We could send it to the moon any given day.
445 |444 |00:39:19 ~-~-> 00:39:22 |We could do that. There's enough people in the world that that can happen.
446 |445 |00:39:24 ~-~-> 00:39:31 |Think, but when there is a perfect opportunity to screw people over, they
447 |446 |00:39:31 ~-~-> 00:39:35 |will manually intervene, and that's how you get the game stop in the Blackberry,
448 |447 |00:39:36 ~-~-> 00:39:41 |in the AMC theaters, Reddit, they got together and they said, Look, we're
449 |448 |00:39:41 ~-~-> 00:39:45 |gonna, we're gonna screw all the hedge funds. Well, the hedge funds, they
450 |449 |00:39:45 ~-~-> 00:39:51 |aren't controlling price. They're just big players in it, but they don't know
451 |450 |00:39:51 ~-~-> 00:39:55 |what they're doing. They're just in there gambling with large pockets, deep
452 |451 |00:39:55 ~-~-> 00:40:02 |pockets. But when you have the ability to control price. Price, and you say,
453 |452 |00:40:02 ~-~-> 00:40:05 |Okay, there's a whole bunch of suckers out there reading Reddit, and they're
454 |453 |00:40:05 ~-~-> 00:40:11 |all going to start piling in and buying it up. Okay, wonderful. They'll buy too,
455 |454 |00:40:12 ~-~-> 00:40:17 |because they're greedy. They the hand. And what they'll do is they'll offer
456 |455 |00:40:18 ~-~-> 00:40:24 |big, huge skips in pricing, where the price is just gapping up like crazy,
457 |456 |00:40:25 ~-~-> 00:40:28 |because they know that there's going to be a fevered pitch to do what buy it.
458 |457 |00:40:28 ~-~-> 00:40:32 |It's going to keep going up. It's going to keep going up. And the more people on
459 |458 |00:40:32 ~-~-> 00:40:35 |Reddit, the more people on Twitter, the more people on Instagram that we're
460 |459 |00:40:35 ~-~-> 00:40:38 |talking about those stocks, which I said, don't touch them. Don't touch
461 |460 |00:40:38 ~-~-> 00:40:45 |them. That's a Ponzi. The market makers were literally building in a premium.
462 |461 |00:40:45 ~-~-> 00:40:48 |They were just literally offering higher, higher, higher, and they were
463 |462 |00:40:48 ~-~-> 00:40:53 |getting traded at that's the same principle here. It's just being slowed
464 |463 |00:40:53 ~-~-> 00:40:59 |down to a manner where it's it doesn't look like except for normal price
465 |464 |00:40:59 ~-~-> 00:41:04 |delivery. It's not shocking. It's not jarring. Now there's days like left OMC,
466 |465 |00:41:04 ~-~-> 00:41:09 |there's Non Farm Payroll, CPI, ppi, those types of news drivers are the same
467 |466 |00:41:09 ~-~-> 00:41:19 |event that you've seen happen in AMC, BlackBerry, in GameStop. That's the same
468 |467 |00:41:19 ~-~-> 00:41:25 |thing. That's the same thing that happened with Bitcoin. That's all that
469 |468 |00:41:25 ~-~-> 00:41:28 |you watch that happen like that. That's how I timed it when it when I told you
470 |469 |00:41:28 ~-~-> 00:41:31 |in years ago, I said, it ain't going to go to 20,000 it's going to go to 6000
471 |470 |00:41:31 ~-~-> 00:41:36 |it's going to go to 3000 and I was right. And then I said, I'll tell you
472 |471 |00:41:36 ~-~-> 00:41:39 |when it's going to go 20,000 and I did. Then I told you when it's going to go to
473 |472 |00:41:39 ~-~-> 00:41:44 |30 and 60. And when we got to 70,000 I said we're done, and then it traded
474 |473 |00:41:44 ~-~-> 00:41:48 |lower. Yes, there's a meme out there where I said it's going to go to $100
475 |474 |00:41:49 ~-~-> 00:41:54 |because I ultimately know it's going to it's going to be worthless later on. But
476 |475 |00:41:54 ~-~-> 00:41:59 |right now, it's a wonderful little Ponzi for people to get cooked in. But the
477 |476 |00:41:59 ~-~-> 00:42:06 |market is slowing that Ponzi scheme down where it is allowing people to go into
478 |477 |00:42:06 ~-~-> 00:42:11 |these markets and provide liquidity for people that use them professionally.
479 |478 |00:42:11 ~-~-> 00:42:14 |There's always going to be something out here trading, and it only takes one
480 |479 |00:42:14 ~-~-> 00:42:19 |contract to trade and make that price book on your chart. But that's not
481 |480 |00:42:19 ~-~-> 00:42:23 |buying and selling pressure if the for instance, let me suspend your disability
482 |481 |00:42:23 ~-~-> 00:42:26 |this belief for a second, okay, just for the sake of having a conversation here.
483 |482 |00:42:26 ~-~-> 00:42:29 |Because if you don't give me this, you must have just turned the video off.
484 |483 |00:42:31 ~-~-> 00:42:37 |Let's just say, for the sake of argument, that at 950 to 1010, something
485 |484 |00:42:37 ~-~-> 00:42:43 |artificial, some artificial intelligence, starts a program, and it
486 |485 |00:42:43 ~-~-> 00:42:46 |starts offering lower prices. And it doesn't matter how many people come in
487 |486 |00:42:46 ~-~-> 00:42:49 |to buy it, it's just going to keep going lower offering lower prices, lower
488 |487 |00:42:49 ~-~-> 00:42:53 |prices. What do you think that does? Well for people that want to buy it,
489 |488 |00:42:53 ~-~-> 00:42:57 |they're thinking, wow, it's that's cheaper. Now let me buy it. Oh, wow,
490 |489 |00:42:57 ~-~-> 00:43:00 |it's down with this support. Let me buy it. Oh, it's at this old high. Let me
491 |490 |00:43:00 ~-~-> 00:43:05 |buy it. Oh, it went below here. So we're going to do some of those real tricks
492 |491 |00:43:05 ~-~-> 00:43:11 |where you can buy, sell stops, because that's what crafty traders do. Well, it
493 |492 |00:43:11 ~-~-> 00:43:15 |just keeps going lower, and it keeps going lower, below that. What about the
494 |493 |00:43:15 ~-~-> 00:43:20 |support that was supposed to be here? It just keeps going lower. So who's right?
495 |494 |00:43:20 ~-~-> 00:43:27 |What school of thoughts right here? Mine. This algorithm is repricing.
496 |495 |00:43:27 ~-~-> 00:43:32 |That's all it's doing. But what happens is, the people that know this is
497 |496 |00:43:32 ~-~-> 00:43:36 |occurring, the people that learn from me, the people are out there actually
498 |497 |00:43:36 ~-~-> 00:43:38 |using it too, outside of my own hands and influence now, because they learned
499 |498 |00:43:38 ~-~-> 00:43:48 |it, they can be short in this move, and they can profit without any worry about
500 |499 |00:43:48 ~-~-> 00:43:56 |being a pattern, an old, archaic methodology. No white golf, no Sam side
501 |500 |00:43:56 ~-~-> 00:44:01 |and stuff, no Gan no Elliott Wave, none of that stuff. No hearse cycles, none of
502 |501 |00:44:01 ~-~-> 00:44:09 |that, none of that stuff. It's simply understanding time. There you go. And
503 |502 |00:44:09 ~-~-> 00:44:13 |price. Price is going to behave like this. It's going to start rebooking and
504 |503 |00:44:13 ~-~-> 00:44:19 |delivering to sell side. That's time and price theory. ICT style. We're not doing
505 |504 |00:44:19 ~-~-> 00:44:25 |diagonal trend lines. We're not doing Geograph geometry and and all kinds of
506 |505 |00:44:25 ~-~-> 00:44:30 |pattern stuff. And that's all. It's nonsense. That's a religion. That's all
507 |506 |00:44:30 ~-~-> 00:44:34 |religious thought process. When you're looking at price, price patterns, and
508 |507 |00:44:34 ~-~-> 00:44:37 |you think this is somehow having an influence. It has influence over people
509 |508 |00:44:37 ~-~-> 00:44:40 |buying and selling, but that buying and selling of these people are doing has
510 |509 |00:44:40 ~-~-> 00:44:45 |absolutely no bearing on what these artificially delivered markets are
511 |510 |00:44:45 ~-~-> 00:44:53 |doing. So how can we capitalize on that? Well, if you're inside this opening
512 |511 |00:44:53 ~-~-> 00:44:59 |range between 930 and 10 o'clock, the time for it to start going lower is now.
513 |512 |00:44:59 ~-~-> 00:45:05 |I. At hand at 950 now we want to see it trade lower. I want to see it go through
514 |513 |00:45:05 ~-~-> 00:45:10 |today's fair value gap, because it's time to do so. We've already trapped
515 |514 |00:45:10 ~-~-> 00:45:15 |traders up here. So now it's going to attack what this pool of liquidity right
516 |515 |00:45:15 ~-~-> 00:45:18 |there that hasn't been traded to yet. Let me take these vertical lines off,
517 |516 |00:45:18 ~-~-> 00:45:23 |because I don't want you thinking that candlestick wicks or anything. So this
518 |517 |00:45:23 ~-~-> 00:45:26 |is a good shit. I know. I wish I would have known this when I first started. So
519 |518 |00:45:26 ~-~-> 00:45:29 |right below here we're targeting that. We're targeting that because there's
520 |519 |00:45:29 ~-~-> 00:45:34 |going to be what, what's resting below there. Cell stops. Somebody went long
521 |520 |00:45:34 ~-~-> 00:45:39 |there, and that's all the algorithm needs to know. Is there was a low here.
522 |521 |00:45:39 ~-~-> 00:45:43 |So it's going to keep dropping down till it gets to here. Oh, there's a lot of
523 |522 |00:45:43 ~-~-> 00:45:46 |buyers. It's real cheap. Doesn't matter. It's going to keep going lower because
524 |523 |00:45:46 ~-~-> 00:45:52 |it knows its list of directives. That's what a macro is. It's a short little
525 |524 |00:45:52 ~-~-> 00:45:56 |program script that it starts doing something specifically, and what it's
526 |525 |00:45:56 ~-~-> 00:46:00 |specifically doing is going to the liquidity pools that I'm telling you
527 |526 |00:46:00 ~-~-> 00:46:05 |it's going to go to now let I'll let you figure out how that works. So when it
528 |527 |00:46:05 ~-~-> 00:46:19 |drops here and here and in the relative equal lows over here, right there, we
529 |528 |00:46:19 ~-~-> 00:46:23 |can now anticipate that once we get through the bottom of this fair value
530 |529 |00:46:23 ~-~-> 00:46:28 |gap, I've already removed my interest in IT. I just want to see it trade below
531 |530 |00:46:28 ~-~-> 00:46:32 |it. If it were to trade back up to it and bump it like an inversion, fair
532 |531 |00:46:32 ~-~-> 00:46:38 |value gap all the better, fine. But because of this day being manipulated
533 |532 |00:46:38 ~-~-> 00:46:43 |like it is, because of all the factors, Friday, small opening, range gap, large
534 |533 |00:46:43 ~-~-> 00:46:48 |range yesterday, so many things, and we opened inside of yesterday's first
535 |534 |00:46:48 ~-~-> 00:46:53 |presented fair value gap. That's a huge list of things that I need this to start
536 |535 |00:46:53 ~-~-> 00:46:58 |moving in my favor. I'm not a breakout trader that you'll see clearly where I'm
537 |536 |00:46:58 ~-~-> 00:47:02 |getting in it. I'm not I'm not breaking out to the downside and going short
538 |537 |00:47:02 ~-~-> 00:47:08 |based on that. Because I didn't want my gap shown like this. I wanted to take
539 |538 |00:47:08 ~-~-> 00:47:13 |away that volume imbalance, which is this candle sticks closed and this
540 |539 |00:47:13 ~-~-> 00:47:16 |candle sticks open. I'm going to take that away and put it just on the wick
541 |540 |00:47:17 ~-~-> 00:47:20 |like that. So now I'm showing this candle sticks low, this candle sticks
542 |541 |00:47:20 ~-~-> 00:47:25 |high. And I'm ignoring this volume imbalance, because it's the least
543 |542 |00:47:25 ~-~-> 00:47:27 |impactful or important thing.
544 |543 |00:47:27 ~-~-> 00:47:32 |Because this gap the first present, if everybody got from yesterday, we opened
545 |544 |00:47:32 ~-~-> 00:47:37 |in it. So it's been using it. So the algorithms tipping its hand saying, this
546 |545 |00:47:37 ~-~-> 00:47:41 |is the level I'm working with. It's the high of it, the upper quadrant, the
547 |546 |00:47:41 ~-~-> 00:47:45 |middle, the lower quadrant and the low. They're very specific prices. It's not a
548 |547 |00:47:45 ~-~-> 00:47:53 |zone. When we're bearish, we want to see it not go back in the upper half once it
549 |548 |00:47:53 ~-~-> 00:47:57 |goes down, what does that look like? Well, because I'm not looking at the
550 |549 |00:47:57 ~-~-> 00:48:00 |volume of balance here, I can then see this as a breakaway gap, which is what
551 |550 |00:48:00 ~-~-> 00:48:04 |you'll see in the video where I'll annotate it. Okay, I'll show you that
552 |551 |00:48:04 ~-~-> 00:48:09 |this is what I'm viewing, this as a breakaway gap, meaning that, because
553 |552 |00:48:09 ~-~-> 00:48:13 |it's the time of the market wanting to rebook and price lower, and it doesn't
554 |553 |00:48:13 ~-~-> 00:48:17 |have any effect on the buying and selling influence. There's no influence
555 |554 |00:48:17 ~-~-> 00:48:22 |by buyers and sellers causing that. It's just artificially being delivered lower
556 |555 |00:48:22 ~-~-> 00:48:28 |to take liquidity in here. What liquidity is in this area here? Nobody's
557 |556 |00:48:28 ~-~-> 00:48:33 |nobody's actively going in and placing big bets there. But there absolutely was
558 |557 |00:48:33 ~-~-> 00:48:36 |orders resting above this high, but they've already worked there. So what's
559 |558 |00:48:36 ~-~-> 00:48:39 |the opposing liquidity? If this is the buy side that was taken, where's the
560 |559 |00:48:39 ~-~-> 00:48:45 |nearest obvious sell side liquidity pool, right there at that low. So the
561 |560 |00:48:45 ~-~-> 00:48:48 |algorithm doesn't know how many contracts there are. It doesn't know. It
562 |561 |00:48:48 ~-~-> 00:48:51 |doesn't need to know that. It just knows that that low hasn't been traded to so
563 |562 |00:48:51 ~-~-> 00:48:57 |let's start driving lower. And the macro is this. It looks back through the
564 |563 |00:48:57 ~-~-> 00:49:03 |previous session. That's all it's doing, folks. It's very simple. It's going back
565 |564 |00:49:03 ~-~-> 00:49:08 |to the previous session overnight, yesterday afternoon, this morning,
566 |565 |00:49:09 ~-~-> 00:49:14 |London, Asia. It's just cycling back through the previous session. That's all
567 |566 |00:49:14 ~-~-> 00:49:18 |these things are doing. And it's easy. It cannot hide it from you. I don't know
568 |567 |00:49:18 ~-~-> 00:49:21 |why you guys are fighting it, your your arm wrestling, because you want to hold
569 |568 |00:49:21 ~-~-> 00:49:28 |on to your little bullshit concepts, retail horseshit. Every retail trader is
570 |569 |00:49:28 ~-~-> 00:49:32 |looking for something in here, Moving Average crossover, some kind of bullshit
571 |570 |00:49:32 ~-~-> 00:49:39 |Golden Cross. That's dumb. It's stupid. You have no advantage in that. You have
572 |571 |00:49:39 ~-~-> 00:49:42 |every reason to get into a trade, and believe this is why you have made that
573 |572 |00:49:42 ~-~-> 00:49:45 |decision. But that decision has no bearing on why the price is going to go
574 |573 |00:49:45 ~-~-> 00:49:51 |up or down. I'm telling you what it's doing. This gap here tells me that I'm
575 |574 |00:49:51 ~-~-> 00:49:55 |absolutely seeing what I expect to see, which is it's going to drive down to
576 |575 |00:49:56 ~-~-> 00:50:00 |here. So once we enter with this candlestick here, we're. Inside this
577 |576 |00:50:00 ~-~-> 00:50:05 |orange box here, that's yesterday's first traded or, I'm sorry, first
578 |577 |00:50:05 ~-~-> 00:50:12 |presented fair value guy between 930 and 10 o'clock. Once it trades down like
579 |578 |00:50:12 ~-~-> 00:50:17 |this, I'm waiting for it to come right back up and get the high of it. So
580 |579 |00:50:17 ~-~-> 00:50:21 |essentially, what am I doing? I'm selling short when the market's going up
581 |580 |00:50:22 ~-~-> 00:50:26 |on an uptick. That's what high frequency trading algorithms do. That's what smart
582 |581 |00:50:26 ~-~-> 00:50:30 |money does. That's what large fund traders do. They cannot sell short on a
583 |582 |00:50:30 ~-~-> 00:50:34 |downtick. They have to wait for an uptick. Some of them have filters where
584 |583 |00:50:34 ~-~-> 00:50:38 |they have to wait for price to move up for a certain threshold, and then they
585 |584 |00:50:38 ~-~-> 00:50:41 |can start going in and selling short or dropping down for a certain measure of
586 |585 |00:50:41 ~-~-> 00:50:45 |time or a percentage where they can start buying, but you're not privy of
587 |586 |00:50:45 ~-~-> 00:50:49 |all that stuff, because it ain't in your books, okay? But that's the real stuff.
588 |587 |00:50:49 ~-~-> 00:50:54 |That's the real things that go on. So if we can anticipate the market trading in
589 |588 |00:50:54 ~-~-> 00:50:58 |this candlestick here, when it goes up into the high, I have an opportunity to
590 |589 |00:50:58 ~-~-> 00:51:01 |do it there, or I have an opportunity to do it right there, and then what
591 |590 |00:51:01 ~-~-> 00:51:06 |happens? It breaks lower and trades to the middle or consequent approach of
592 |591 |00:51:06 ~-~-> 00:51:10 |that shaded orange area that's yesterday's first presented fair value
593 |592 |00:51:10 ~-~-> 00:51:15 |gap. Once it does this, it gives you a breakaway gap it runs into, it gives an
594 |593 |00:51:15 ~-~-> 00:51:20 |opportunity to trade to the top of it, and then goes to the mid port, or
595 |594 |00:51:20 ~-~-> 00:51:26 |consequent crochet of it middle and goes down below it. It should never listen,
596 |595 |00:51:26 ~-~-> 00:51:31 |okay? This is never, ever, ever repeated anywhere else you can say it. It is, but
597 |596 |00:51:31 ~-~-> 00:51:35 |find it in a book and get your money, because nobody's able to do it. Just
598 |597 |00:51:35 ~-~-> 00:51:40 |talking about what it looks like and what it is. This candlestick here we go,
599 |598 |00:51:40 ~-~-> 00:51:43 |right up and hit the middle for consequent encouragement, and then we
600 |599 |00:51:43 ~-~-> 00:51:50 |leave. We leave that previous day's first presented fair value guy. So now
601 |600 |00:51:50 ~-~-> 00:51:50 |watch, here's
602 |601 |00:52:00 ~-~-> 00:52:03 |that candlestick, right? Here we trade into it and hit consequence encroachment
603 |602 |00:52:03 ~-~-> 00:52:09 |of yesterday's first presented fair value gap. The next candle. Look where
604 |603 |00:52:09 ~-~-> 00:52:13 |my entry is. You see that? Watch when I hover top of it. See it? It's at the
605 |604 |00:52:13 ~-~-> 00:52:23 |high of yesterday's first fair value gap. It's random, right? But ICT, why
606 |605 |00:52:23 ~-~-> 00:52:27 |didn't you trade in the fair value gap? Why didn't you do something else?
607 |606 |00:52:27 ~-~-> 00:52:31 |Because I know what I'm doing. I know what I'm looking for. Okay, so I'm
608 |607 |00:52:31 ~-~-> 00:52:38 |entering at the high that gap, and then I know I'm I'm really on side because I
609 |608 |00:52:38 ~-~-> 00:52:43 |had the breakaway gap. I'm in time, the time of the market being delivered
610 |609 |00:52:43 ~-~-> 00:52:47 |algorithmically, I know that everything is in my favor, that this is going to go
611 |610 |00:52:47 ~-~-> 00:52:53 |lower, contrast that with I hope my harmonic pattern here. I hope my rabid
612 |611 |00:52:53 ~-~-> 00:52:58 |platypus fucking pattern, okay, I hope that it's my moving averages don't get
613 |612 |00:52:58 ~-~-> 00:53:04 |pierced through. I hope my overbought stochastics or divergence is going to be
614 |613 |00:53:04 ~-~-> 00:53:09 |profitable. This time, you are worrying about things that you can't control. I
615 |614 |00:53:09 ~-~-> 00:53:13 |am believing something that I know controls price. Who has the greater
616 |615 |00:53:13 ~-~-> 00:53:19 |faith? Why do you think I talk the way I talk? It sounds arrogant, doesn't it
617 |616 |00:53:19 ~-~-> 00:53:23 |sounds egotistical, narcissistic. That's all the descriptive adjectives that
618 |617 |00:53:23 ~-~-> 00:53:26 |people place on me. And you know what that means? I'm being complimented.
619 |618 |00:53:26 ~-~-> 00:53:31 |That's how I take it, because you see something in me and my students. Because
620 |619 |00:53:31 ~-~-> 00:53:38 |we are doers. We are not talkers, we are fucking doers. We know exactly what
621 |620 |00:53:38 ~-~-> 00:53:41 |we're looking for. We're calm, we're collected and cool. But when some joker
622 |621 |00:53:41 ~-~-> 00:53:45 |comes stepping up here and talking some nonsense about retail this and retail
623 |622 |00:53:45 ~-~-> 00:53:49 |that, or something's better, something that please come, come and get your ass
624 |623 |00:53:49 ~-~-> 00:53:55 |sorted, let's go. Cuz I will show you you know nothing. And I'll be polite
625 |624 |00:53:55 ~-~-> 00:54:01 |about it. I'll be polite about it because I know if you see it, and you
626 |625 |00:54:01 ~-~-> 00:54:07 |taste it, you're convinced, and you're going to be wanting to know, how the
627 |626 |00:54:07 ~-~-> 00:54:11 |hell I did it. How the hell did he do that? How the hell does he know that
628 |627 |00:54:11 ~-~-> 00:54:15 |stuff? Right? It's in my YouTube channel. It's in long discussions like
629 |628 |00:54:15 ~-~-> 00:54:19 |this video here. It's in your eyes. You're thinking, it's taking too much
630 |629 |00:54:19 ~-~-> 00:54:22 |time. It's taking so much time. But I'm teaching you, I'm showing you, this is
631 |630 |00:54:22 ~-~-> 00:54:26 |what you're supposed to be looking for. Because if there is an algorithm, it's
632 |631 |00:54:26 ~-~-> 00:54:30 |going to do these things every single day, every single day. It's going to
633 |632 |00:54:30 ~-~-> 00:54:37 |repeat these same types of things. Getting short here. Then it trades down.
634 |633 |00:54:38 ~-~-> 00:54:45 |It does not take the relative equal lows out yet on this drop down here. But what
635 |634 |00:54:45 ~-~-> 00:54:51 |does it do? It trades all the way back up to some random level. It's the low of
636 |635 |00:54:51 ~-~-> 00:54:58 |yesterday's first presented fair value gap. That candlestick hitting. It's the
637 |636 |00:54:58 ~-~-> 00:55:02 |first candlestick it touches. It. It because I'm marketing, and you can see
638 |637 |00:55:02 ~-~-> 00:55:05 |this, I have to do the market order because I have people believing that
639 |638 |00:55:05 ~-~-> 00:55:09 |it's Market Replay. And you can't use the upper left hand corner buttons for
640 |639 |00:55:09 ~-~-> 00:55:12 |the buying and selling on Market Replay, because they're down somewhere over
641 |640 |00:55:12 ~-~-> 00:55:18 |here. So I do it that way. I could have very, very precise entries if I'm using
642 |641 |00:55:18 ~-~-> 00:55:21 |limit orders, and I will be doing limit orders in his mentorship. So that way
643 |642 |00:55:21 ~-~-> 00:55:25 |you can see how to get really good, tight entries. So that way your stops
644 |643 |00:55:25 ~-~-> 00:55:29 |can be a little bit more meaningful in terms of managing the risk. So I'll
645 |644 |00:55:29 ~-~-> 00:55:33 |teach you how to be more precise about your entries. But Caleb doesn't need to
646 |645 |00:55:33 ~-~-> 00:55:37 |know that yet. He just needs to know how to engage price and see what it's like
647 |646 |00:55:37 ~-~-> 00:55:41 |to get in and watch what price does afterwards. So getting in there, and
648 |647 |00:55:41 ~-~-> 00:55:45 |then ultimately it trades back down and goes to that, see that little tick right
649 |648 |00:55:45 ~-~-> 00:55:50 |here that's below relative equal lows over here. So entering here at the top
650 |649 |00:55:51 ~-~-> 00:55:56 |of yesterday's fair value I got, and getting out at the low underneath the
651 |650 |00:55:56 ~-~-> 00:56:01 |relative Eagle lows I gave you on Twitter. That's not Market Replay,
652 |651 |00:56:01 ~-~-> 00:56:07 |folks. Okay, this is all the really, real shit. Okay, just because I'm
653 |652 |00:56:07 ~-~-> 00:56:11 |teaching in a demo or paper trading account for my own personal protection,
654 |653 |00:56:11 ~-~-> 00:56:15 |because I'm not licensed to get trade advice, all I'm talking to you about is
655 |654 |00:56:15 ~-~-> 00:56:20 |how I know these candlesticks are going to do certain things. I am not promising
656 |655 |00:56:20 ~-~-> 00:56:24 |that it's going to make you money. I can't do that. I can't promise that
657 |656 |00:56:24 ~-~-> 00:56:27 |you're going to get rich. I can't but I can promise you that you're going to
658 |657 |00:56:27 ~-~-> 00:56:31 |learn how to read these candlesticks better than anybody else can teach you.
659 |658 |00:56:31 ~-~-> 00:56:35 |And some have, some of my students have gotten really good at and they said, I'm
660 |659 |00:56:35 ~-~-> 00:56:38 |going to make my own decision. And these are for the people that left this
661 |660 |00:56:38 ~-~-> 00:56:45 |comment. How do you know when to trade with real money? You'll know. I'm never
662 |661 |00:56:45 ~-~-> 00:56:48 |going to tell you you're ready to trade with real money. You're going to know
663 |662 |00:56:48 ~-~-> 00:56:54 |because you're so bored of doing it in paper and it's so consistent, the
664 |663 |00:56:54 ~-~-> 00:56:57 |natural progression is going to be you're going to try and see what
665 |664 |00:56:57 ~-~-> 00:57:01 |happens. And I never tell you to do that, but when you feel like you're
666 |665 |00:57:01 ~-~-> 00:57:04 |going to do it and you don't even need to ask somebody else's opinion, then
667 |666 |00:57:04 ~-~-> 00:57:08 |that's when you're going to be ready. But unfortunately, people see a video,
668 |667 |00:57:08 ~-~-> 00:57:12 |or they watch a group of people trading, and they get caught up in the frenzy of
669 |668 |00:57:12 ~-~-> 00:57:16 |them being right once in a while, and that's unfortunately what happens when
670 |669 |00:57:16 ~-~-> 00:57:19 |you watch these influencers that are live streaming. They have affiliate
671 |670 |00:57:19 ~-~-> 00:57:22 |links at the bottom, and not all of them are assholes, but they all do have this
672 |671 |00:57:22 ~-~-> 00:57:27 |same characteristic. They're out there putting it in front of you and you
673 |672 |00:57:27 ~-~-> 00:57:31 |because you have selective sight, selective hearing, much like trolls.
674 |673 |00:57:31 ~-~-> 00:57:33 |They don't see the proof that I'm providing. They don't see all the
675 |674 |00:57:33 ~-~-> 00:57:38 |profitable students. They don't see it. They don't want to see it, the people
676 |675 |00:57:38 ~-~-> 00:57:42 |that watch these other live streamers, and when they get it right, they think,
677 |676 |00:57:42 ~-~-> 00:57:44 |Wow, if I would have did that, I could have made that money today. And then
678 |677 |00:57:44 ~-~-> 00:57:47 |what they do is they pay for the affiliate link to get a funded account
679 |678 |00:57:47 ~-~-> 00:57:51 |challenge, and they go in, they follow the same person tomorrow, and the luck
680 |679 |00:57:51 ~-~-> 00:57:56 |that they had the previous day, because that's 99% of what you're seeing. They
681 |680 |00:57:56 ~-~-> 00:57:59 |fail in front of you, and you copied them. You don't have any idea why they
682 |681 |00:57:59 ~-~-> 00:58:03 |took the trade, but you're waiting for that. Feel good. Mormon, fuzzy. See, I
683 |682 |00:58:03 ~-~-> 00:58:08 |don't do that. I'm teaching you how to do this on your own. Because no one's
684 |683 |00:58:08 ~-~-> 00:58:11 |going to tell me that I haven't created profitable students, because it's all
685 |684 |00:58:11 ~-~-> 00:58:16 |over the place. And once you are a profitable student, no one's going to
686 |685 |00:58:16 ~-~-> 00:58:21 |tell you what you've learned is made up, contrived nonsense, make believe. Okay,
687 |686 |00:58:22 ~-~-> 00:58:26 |they're going to give you every excuse, but you're the one making money. You're
688 |687 |00:58:26 ~-~-> 00:58:29 |the one that stops your job, and you stay home, and you live a life that's
689 |688 |00:58:29 ~-~-> 00:58:33 |different, and they're going to be hating you any chance that they can have
690 |689 |00:58:33 ~-~-> 00:58:36 |to say something negative at that time. Who cares what they say? But in the
691 |690 |00:58:36 ~-~-> 00:58:40 |beginning, you have to just weigh it out. Who's doing what I'm teaching you
692 |691 |00:58:40 ~-~-> 00:58:45 |for free. There's no obligation for you to come back to my YouTube channel.
693 |692 |00:58:45 ~-~-> 00:58:51 |There's zero obligation. But I keep producing, don't I, and you can't get
694 |693 |00:58:51 ~-~-> 00:58:56 |away from me, because now the bug has bit you, and when you taste and see this
695 |694 |00:58:56 ~-~-> 00:59:01 |stuff happen in your own in your own hands, it's over for you. You'll never
696 |695 |00:59:01 ~-~-> 00:59:04 |want to look at the market any other way, and you're going to want to learn
697 |696 |00:59:04 ~-~-> 00:59:08 |more, and then you become addicted to it, and you can't be an addict without
698 |697 |00:59:08 ~-~-> 00:59:15 |ICT in the name. You're one of the brood. And that's, unfortunately, on the
699 |698 |00:59:15 ~-~-> 00:59:19 |outside, looks like a cult, but I don't have any control over you. I'm giving
700 |699 |00:59:19 ~-~-> 00:59:23 |you the freedom. I'm giving you the freedom to have an independent thought
701 |700 |00:59:23 ~-~-> 00:59:29 |process that allows you to make your future whatever you want it to be, and
702 |701 |00:59:29 ~-~-> 00:59:34 |that's exciting. So anyway, I did a lot of trail stop losses for the purposes of
703 |702 |00:59:34 ~-~-> 00:59:40 |showing Caleb and where I placed a stop would be based on what his expectation
704 |703 |00:59:40 ~-~-> 00:59:45 |would be in terms of placing a stop loss, and you'll see that in the video,
705 |704 |00:59:45 ~-~-> 00:59:48 |but these, that's what this is here, that's being stopped out, and then
706 |705 |00:59:49 ~-~-> 00:59:55 |that's being stopped out, and then I went back in. This is not something for
707 |706 |00:59:55 ~-~-> 00:59:58 |him. This is just me, because I knew I was going to talk about this today with
708 |707 |00:59:58 ~-~-> 01:00:05 |y'all. Is this is me twisting and. So over here, if you look at this
709 |708 |01:00:05 ~-~-> 01:00:11 |candlestick right there, this long lowest candlestick, let me get it out of
710 |709 |01:00:11 ~-~-> 01:00:17 |the the view of my little watermark here, this, this candlestick right here
711 |710 |01:00:17 ~-~-> 01:00:22 |is the lowest of all the lows in here, before we see this drop down. Can you
712 |711 |01:00:22 ~-~-> 01:00:28 |agree with that this one here is not being factored yet, not for my decision.
713 |712 |01:00:28 ~-~-> 01:00:33 |While I'm watching the candlesticks over here, I'm looking at that one. So what
714 |713 |01:00:33 ~-~-> 01:00:41 |I'm seeing is this. I'm measuring the body down to the low okay, if you ever
715 |714 |01:00:41 ~-~-> 01:00:45 |see my charts, have one single line, and it just looks like it's floating out
716 |715 |01:00:45 ~-~-> 01:00:49 |there around nothing. This is anchored to nothing that makes any sense. If you
717 |716 |01:00:49 ~-~-> 01:00:54 |look back at my old recordings, even stuff on baby pips, you'll see me
718 |717 |01:00:54 ~-~-> 01:00:57 |anchoring there, and that's the consequent encroachment of this discount
719 |718 |01:00:57 ~-~-> 01:01:07 |wick. If I'm bearish, I can enter at that price. See that tick right here.
720 |719 |01:01:07 ~-~-> 01:01:11 |Watch, see that. What's the price of the consequent crush of that width, right
721 |720 |01:01:11 ~-~-> 01:01:22 |there? 19,009 74.25, tell me who is Daddy. You're damn right. It's Poppy
722 |721 |01:01:22 ~-~-> 01:01:28 |ICT. It's Poppy ICT, baby. It's repeating phenomena of precision,
723 |722 |01:01:29 ~-~-> 01:01:34 |perfect. It's perfect. Getting at the high of yesterday's Fairbank yet that
724 |723 |01:01:34 ~-~-> 01:01:37 |nobody would have been looking at it. Chris Laurie would have been talking
725 |724 |01:01:37 ~-~-> 01:01:42 |about that yesterday and into today. Nope. Wouldn't happened. White cough
726 |725 |01:01:42 ~-~-> 01:01:47 |wouldn't have done it. Nobody getting out below the short term low relative
727 |726 |01:01:47 ~-~-> 01:01:53 |equal lows over here, there. But now here, I know that we're going to dig a
728 |727 |01:01:53 ~-~-> 01:01:59 |little bit deeper, so this level here, let's scroll on over here and find out
729 |728 |01:01:59 ~-~-> 01:02:00 |that mystery is,
730 |729 |01:02:02 ~-~-> 01:02:07 |I know you love it, don't you? I can't wait to trade this way. I know. What do
731 |730 |01:02:07 ~-~-> 01:02:12 |you think this is? It looks random, doesn't it? All this is, is the same
732 |731 |01:02:12 ~-~-> 01:02:15 |thing? It's the consequent encroachment of that discount width. But now I'm
733 |732 |01:02:15 ~-~-> 01:02:24 |going to treat that as a target. So now what is that price? Nine, 30.50 so I
734 |733 |01:02:24 ~-~-> 01:02:31 |need that price or lower, and there's my exit, right? There. Slipped a little
735 |734 |01:02:31 ~-~-> 01:02:40 |bit. 19,009 30.75 so it's not bad. It's pretty close, right? Close enough for
736 |735 |01:02:40 ~-~-> 01:02:44 |government work, right? But all this drop here, I don't need that. You don't
737 |736 |01:02:44 ~-~-> 01:02:48 |need that either. And then what does it do? It starts to rally right back up. So
738 |737 |01:02:50 ~-~-> 01:02:55 |all these things drawing already back up into yesterday's first presented,
739 |738 |01:02:55 ~-~-> 01:03:05 |Fairbank drops, rallies back up with it working. Yesterday's fair value gap, but
740 |739 |01:03:05 ~-~-> 01:03:15 |now late in the day, we're returning to first fair value gap. That's true value
741 |740 |01:03:16 ~-~-> 01:03:22 |on the daily range. Your first presented fair value gap between 930 and 10
742 |741 |01:03:22 ~-~-> 01:03:27 |o'clock. You need to know what that is, because the algorithm is going to refer
743 |742 |01:03:27 ~-~-> 01:03:33 |back to it. Unless it's a trending day, it's going to refer back to it. I have
744 |743 |01:03:33 ~-~-> 01:03:37 |done so many trades without pointing this to you, but if you go back and look
745 |744 |01:03:37 ~-~-> 01:03:41 |at them, you're going to see that this is a lot of what I'm doing. And again,
746 |745 |01:03:41 ~-~-> 01:03:44 |because I never intended to teach it to you. And you can be mad at me and say,
747 |746 |01:03:44 ~-~-> 01:03:46 |I'm gonna ask all your dick you should have. You should have taught this
748 |747 |01:03:46 ~-~-> 01:03:51 |sooner. Just be thankful that I am. Just be appreciative that my son is. It's
749 |748 |01:03:51 ~-~-> 01:03:54 |encouraging me to do this, because none of you could have encouraged me enough
750 |749 |01:03:54 ~-~-> 01:03:58 |to do it. I never wanted to do it, but he just said, Look, just let him see it,
751 |750 |01:03:59 ~-~-> 01:04:03 |so you're seeing it. So anyway, that's the business on that. Now, real quick,
752 |751 |01:04:03 ~-~-> 01:04:15 |let's get in through the the the US 100 the the gap here, 414, previous day and
753 |752 |01:04:15 ~-~-> 01:04:27 |930 opening price, we don't have the Is it us 100 I'm just going to use this
754 |753 |01:04:27 ~-~-> 01:04:30 |one. I'm not saying that that's a good broker. I'm not saying that you should
755 |754 |01:04:30 ~-~-> 01:04:33 |trade through them. I'm just saying that this is something that you need to
756 |755 |01:04:33 ~-~-> 01:04:37 |determine on your own. And if you do what I'm showing you here, you should be
757 |756 |01:04:37 ~-~-> 01:04:42 |able to track price as close as you can without using the actual futures market.
758 |757 |01:04:43 ~-~-> 01:04:47 |So if we pull that up like this, you can already see that I have the opening
759 |758 |01:04:47 ~-~-> 01:04:48 |price at 930 you.
760 |759 |01:05:06 ~-~-> 01:05:10 |There's the opening price at 930 and this settlement price here is
761 |760 |01:05:10 ~-~-> 01:05:21 |yesterday's same 414 closing. So when we get to the candlestick at 414 yesterday.
762 |761 |01:05:27 ~-~-> 01:05:32 |That's this candlestick right there at 414 the closing price. So while we don't
763 |762 |01:05:32 ~-~-> 01:05:40 |have the break in trading between 415 to six o'clock restart, and we don't have
764 |763 |01:05:40 ~-~-> 01:05:46 |this, the break from 415 yesterday to 930 in the morning in the CFD market,
765 |764 |01:05:46 ~-~-> 01:05:51 |which is what this is. It is not necessary. All you have to do is know
766 |765 |01:05:51 ~-~-> 01:05:57 |the same price points and you'll have the same information here. Now the gap,
767 |766 |01:05:57 ~-~-> 01:06:04 |the first gap for today. There is a volume imbalance here, and there's a
768 |767 |01:06:04 ~-~-> 01:06:10 |volume imbalance here. Two schools of thought here, if you are using a CFD,
769 |768 |01:06:10 ~-~-> 01:06:14 |always include your volume imbalances. Always don't do what I did today,
770 |769 |01:06:14 ~-~-> 01:06:18 |because that's this experience. Always include them. That's why I teach if you
771 |770 |01:06:18 ~-~-> 01:06:24 |see a fair value gap, always include the volume of balance because of CFD and
772 |771 |01:06:24 ~-~-> 01:06:29 |futures, I'm sorry, forex pairs, your brokers are going to screw you, and
773 |772 |01:06:29 ~-~-> 01:06:32 |that's just the truth, and you're going to have different pricing. So if you
774 |773 |01:06:32 ~-~-> 01:06:35 |don't include the volume imbalances, you're not going to have a true
775 |774 |01:06:35 ~-~-> 01:06:40 |depiction of what you should be focusing on. So you can see here with the volume
776 |775 |01:06:40 ~-~-> 01:06:43 |imbalance is included, and that means that this candle is closed, the body's
777 |776 |01:06:43 ~-~-> 01:06:48 |top to the next candle is open. That little separation that's the volume
778 |777 |01:06:48 ~-~-> 01:06:52 |imbalance, just like this separation between this candle sticks close or the
779 |778 |01:06:52 ~-~-> 01:06:56 |high part of the body, not the wick, and then the opening of this candlestick,
780 |779 |01:06:56 ~-~-> 01:07:01 |there's a small look at it like this. See that separation between the two
781 |780 |01:07:01 ~-~-> 01:07:05 |bodies there and the separation right here. That's my volume imbalance. That's
782 |781 |01:07:05 ~-~-> 01:07:11 |not in any other books. Okay, that's, that's you seeing what the what the
783 |782 |01:07:11 ~-~-> 01:07:22 |algorithm will refer back to market here at 950 that's the macro time, 951, start
784 |783 |01:07:22 ~-~-> 01:07:29 |going lower, targeting, sell side, targeting, relative equal lows over
785 |784 |01:07:29 ~-~-> 01:07:35 |here. Same stuff happened over here. Ain't this a wick that I just talked
786 |785 |01:07:35 ~-~-> 01:07:42 |about on the futures contract. Midpoint of that wick get short there, and it
787 |786 |01:07:42 ~-~-> 01:07:49 |drops. Everything's the same. Okay, so if you're trading with CFDs, all you
788 |787 |01:07:49 ~-~-> 01:07:54 |have to do is use the times, because that's the most important thing, the
789 |788 |01:07:54 ~-~-> 01:07:59 |times I'm telling you at specific price points, because it's first the time, and
790 |789 |01:07:59 ~-~-> 01:08:03 |then what price around that time if you do the same things I'm showing you here
791 |790 |01:08:03 ~-~-> 01:08:07 |within the CFD markets. And the same thing is for us 30 if you want to trade
792 |791 |01:08:07 ~-~-> 01:08:12 |the Dow, if you want to trade the US, 500 that's the equivalent to the s, p
793 |792 |01:08:12 ~-~-> 01:08:16 |market, just in a CFD format. The same thing. It's the same stuff, folks,
794 |793 |01:08:16 ~-~-> 01:08:20 |you're just not seeing the same price, because clearly they're not going to
795 |794 |01:08:21 ~-~-> 01:08:24 |agree. But that's all I wanted to show you today, because my battery is warning
796 |795 |01:08:24 ~-~-> 01:08:30 |me that I'm getting ready to see my laptop shut down, and I used that as my
797 |796 |01:08:30 ~-~-> 01:08:33 |timer, so I was going to go as long as I could. And we came all the way back up
798 |797 |01:08:34 ~-~-> 01:08:41 |to here and cleared out the high of the day. So hopefully you found this in my
799 |798 |01:08:41 ~-~-> 01:08:45 |insightful hopefully you can calm down a little bit. If you're a CFD trader and
800 |799 |01:08:45 ~-~-> 01:08:49 |you're still in the Forex world, you can do everything that I'm doing here with
801 |800 |01:08:49 ~-~-> 01:08:54 |reading price in that CFD you just need to know how to navigate your chart.
802 |801 |01:08:54 ~-~-> 01:08:59 |That's all and it's all we showed here today, and we will be back at it again
803 |802 |01:08:59 ~-~-> 01:09:03 |next week, and I'm going to have homework for you every single night, so
804 |803 |01:09:03 ~-~-> 01:09:07 |it's going to feel like university all over again. Enjoy your weekend. I'm
805 |804 |01:09:08 ~-~-> 01:09:12 |going to have a Twitter space tomorrow. It'll probably be a real short one, and
806 |805 |01:09:12 ~-~-> 01:09:15 |just bring some road snacks and enjoy your weekend, and I'll talk to you
807 |806 |01:09:15 ~-~-> 01:09:19 |tomorrow. Lord willing.