Wiki source code of ICT YT - 2024-09-25 - ICT 2024 Mentorship - Lecture 34
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2 | |1 |00:00:20 ~-~-> 00:00:34 |ICT: Good morning, folks, how are you? Me A second here. | ||
3 | |2 |00:00:41 ~-~-> 00:00:45 |Make sure Everything's going as it should do. | ||
4 | |3 |00:01:07 ~-~-> 00:01:08 |Just checking an audio | ||
5 | |4 |00:01:13 ~-~-> 00:01:17 |All right, so I'm not sure if it's good for you, but it seems like it's really | ||
6 | |5 |00:01:17 ~-~-> 00:01:19 |good on my end. Today, I | ||
7 | |6 |00:01:25 ~-~-> 00:01:26 |real quick. Thank | ||
8 | |7 |00:01:59 ~-~-> 00:02:03 |All righty, so we have a lower gap opening | ||
9 | |8 |00:02:15 ~-~-> 00:02:20 |that has just filled right here. I'm | ||
10 | |9 |00:02:28 ~-~-> 00:02:34 |going to check Twitter real quick, or x, as they call it, today, if you guys can | ||
11 | |10 |00:02:34 ~-~-> 00:02:38 |be so kind to let me know if you can hear me as well as I believe my audio is | ||
12 | |11 |00:02:38 ~-~-> 00:02:44 |on my end. Just give me a five by five on Twitter. Just tweet that to me. I'll | ||
13 | |12 |00:02:44 ~-~-> 00:02:48 |know everything's good if you can't hear it well, let me know that as well. I | ||
14 | |13 |00:02:48 ~-~-> 00:02:58 |don't know, because it sounds like it's really, really nice on my end. Thank | ||
15 | |14 |00:02:58 ~-~-> 00:02:59 |you. Jude, you | ||
16 | |15 |00:03:04 ~-~-> 00:03:12 |Thank you. Abby, thank you. Michael, thank you. Richard, why I TT treats? | ||
17 | |16 |00:03:12 ~-~-> 00:03:17 |Thank you so much. All right, so anyway, let's get back to the | ||
18 | |17 |00:03:22 ~-~-> 00:03:30 |market. Had a rather small gap opening. It's less than 40 handles or so. So | ||
19 | |18 |00:03:30 ~-~-> 00:03:34 |again, that's usually not all that exciting. Doesn't mean you can't use it. | ||
20 | |19 |00:03:34 ~-~-> 00:03:39 |It just means it's not that exciting. My interest still lies with sticking with | ||
21 | |20 |00:03:39 ~-~-> 00:03:45 |the higher Time Frame, because it's an election year, and because of that, I | ||
22 | |21 |00:03:45 ~-~-> 00:03:48 |feel like they keep trying to inflate it to make it look like as a public | ||
23 | |22 |00:03:48 ~-~-> 00:03:51 |perspective, is, if the stock market's up, the economy is good, but that | ||
24 | |23 |00:03:51 ~-~-> 00:04:01 |doesn't correlate, really. But I like this August 22 daily high, and we have | ||
25 | |24 |00:04:01 ~-~-> 00:04:08 |some smooth highs here that we'll look at. They left those intact last night. | ||
26 | |25 |00:04:19 ~-~-> 00:04:26 |That's these over here, see that? So all this business here, I think, is in need | ||
27 | |26 |00:04:26 ~-~-> 00:04:33 |of revisiting. So that's, that's what I'm looking for today. Until proven. You | ||
28 | |27 |00:04:33 ~-~-> 00:04:35 |know, wrong, that's what I'm looking for. I | ||
29 | |28 |00:04:57 ~-~-> 00:05:04 |Okay, no fair value gap has formed. You. It in the first few minutes of trading. | ||
30 | |29 |00:05:04 ~-~-> 00:05:08 |You can't count this one. That's the 930 candle. | ||
31 | |30 |00:05:15 ~-~-> 00:05:25 |And you probably noticed all this over here. This is all pre session setups in | ||
32 | |31 |00:05:25 ~-~-> 00:05:29 |this this gray box here, that's yesterday's first presented fair value. | ||
33 | |32 |00:05:29 ~-~-> 00:05:32 |So don't be confused. Don't think that that's today's because it's not, it's | ||
34 | |33 |00:05:32 ~-~-> 00:05:33 |yesterday's i | ||
35 | |34 |00:06:03 ~-~-> 00:06:09 |Now, if you're aggressive and you are okay with and comfortable with trading | ||
36 | |35 |00:06:09 ~-~-> 00:06:15 |the less than one minute charts, and you have a bias, you can use the first | ||
37 | |36 |00:06:15 ~-~-> 00:06:21 |presented fair value gap that's outside of the 931 Minute candle over here. You | ||
38 | |37 |00:06:21 ~-~-> 00:06:26 |can't use that one on the one minute chart. So this candlestick here, here, | ||
39 | |38 |00:06:27 ~-~-> 00:06:32 |that starts at 931 candle, right there. So this is a fair value gap. So this | ||
40 | |39 |00:06:32 ~-~-> 00:06:37 |would be first presented fair value gap in the 15 second chart. You can see how | ||
41 | |40 |00:06:37 ~-~-> 00:06:43 |it behaved here, delivered to the opening gap studies. Which are these | ||
42 | |41 |00:06:43 ~-~-> 00:06:48 |levels here? I'll leave it to you to determine what they are based on | ||
43 | |42 |00:06:48 ~-~-> 00:06:50 |yesterday's discussion. I | ||
44 | |43 |00:07:00 ~-~-> 00:07:25 |Hey, that. Put you on mute real quick. Almost sneezed in your ear. Rest in | ||
45 | |44 |00:07:25 ~-~-> 00:07:27 |peace, if you had been wearing headphones on that one. | ||
46 | |45 |00:07:42 ~-~-> 00:08:01 |You I got a lot of feedback from yesterday's live stream. They seem to | ||
47 | |46 |00:08:01 ~-~-> 00:08:05 |like it when it was just me annotating the chart and not saying anything. | ||
48 | |47 |00:08:07 ~-~-> 00:08:16 |That's that's cool. But it wasn't that I was saying that people were complaining | ||
49 | |48 |00:08:16 ~-~-> 00:08:19 |about how much I talked. It was the fact that they were complaining about not | ||
50 | |49 |00:08:19 ~-~-> 00:08:22 |being able to hear me talk. And I don't know, I haven't done anything today | ||
51 | |50 |00:08:22 ~-~-> 00:08:24 |differently, but it seems like the audio is | ||
52 | |51 |00:08:30 ~-~-> 00:08:37 |a whole lot better. Small, little gap there. This is your first presented fair | ||
53 | |52 |00:08:37 ~-~-> 00:08:41 |value gap right here, which overlaps New Day opening gap studies, which Are these | ||
54 | |53 |00:08:41 ~-~-> 00:08:42 |levels here? I | ||
55 | |54 |00:09:27 ~-~-> 00:09:29 |again, real quick, I just want to show you | ||
56 | |55 |00:09:38 ~-~-> 00:09:43 |these relative equal highs. That's what the two, 14.75 level is. Doesn't have to | ||
57 | |56 |00:09:43 ~-~-> 00:09:47 |trade there, but that's where my initial interest is. And then how we trade | ||
58 | |57 |00:09:47 ~-~-> 00:09:53 |there, we just go above it and reject it. That sets the stage for a run up | ||
59 | |58 |00:09:53 ~-~-> 00:10:00 |into August, 22 24th old daily high, which would obviously. Buy side, resting | ||
60 | |59 |00:10:00 ~-~-> 00:10:06 |above it. But this is just a higher Time Frame, trying not to pick the top in the | ||
61 | |60 |00:10:06 ~-~-> 00:10:11 |marketplace level. So it's kind of like me submitting to the fact that I'm not | ||
62 | |61 |00:10:11 ~-~-> 00:10:15 |trying to pick the top in NASDAQ. So if it's going to keep going higher, what | ||
63 | |62 |00:10:15 ~-~-> 00:10:18 |would you reach for next, if it's going to go above these relative equal highs, | ||
64 | |63 |00:10:20 ~-~-> 00:10:26 |August 22 tie would be an interesting area for me. We've already swept this | ||
65 | |64 |00:10:27 ~-~-> 00:10:38 |here, and let's take a quick look at that little premium wick. I apologize, I | ||
66 | |65 |00:10:38 ~-~-> 00:10:43 |have seasonal allergies that I can't promise I'm gonna be able to hit the | ||
67 | |66 |00:10:43 ~-~-> 00:10:47 |mute button every time I have to do something like that, but it would annoy | ||
68 | |67 |00:10:47 ~-~-> 00:10:52 |me. So I I can sympathize for people that don't like to hear things like | ||
69 | |68 |00:10:52 ~-~-> 00:10:59 |that. But I'm human, so you can see me when I write the consequence there. So | ||
70 | |69 |00:10:59 ~-~-> 00:11:03 |whenever you're looking at old highs, it's real important that you're watching | ||
71 | |70 |00:11:04 ~-~-> 00:11:09 |inside of these turning points, wherever there's a wick go right to the midpoint | ||
72 | |71 |00:11:09 ~-~-> 00:11:14 |of that. And many times you're going to get intel that you otherwise wouldn't | ||
73 | |72 |00:11:14 ~-~-> 00:11:20 |notice. You also notice that many times, when I'm taking profits on trades, even | ||
74 | |73 |00:11:21 ~-~-> 00:11:28 |if I'm looking for a level like 12, I'm sorry, 2114, 75 as a run for buy side, | ||
75 | |74 |00:11:28 ~-~-> 00:11:33 |if that has a wick like that just below that, that would be a partial for me, | ||
76 | |75 |00:11:33 ~-~-> 00:11:38 |like I would start scaling out as it's entering into that mid gap, or mid wick, | ||
77 | |76 |00:11:38 ~-~-> 00:11:45 |which is a gap, and then, wait for it to offer opportunity to give up 12, 214, | ||
78 | |77 |00:11:47 ~-~-> 00:11:51 |175, so tile use wicks for targeting our partials. | ||
79 | |78 |00:11:58 ~-~-> 00:12:02 |All right, we're down inside the first presented fair value gap of today, | ||
80 | |79 |00:12:11 ~-~-> 00:12:15 |you can see a little bit more clear here on the 15 second chart. We just fell | ||
81 | |80 |00:12:15 ~-~-> 00:12:21 |short of it, just by a little bit, which is why, when you're reaching for premium | ||
82 | |81 |00:12:21 ~-~-> 00:12:28 |level something above, always exit ahead of it. Always try to scale something | ||
83 | |82 |00:12:29 ~-~-> 00:12:32 |early. We're inside this fairway gap here. | ||
84 | |83 |00:12:54 ~-~-> 00:12:59 |Mr. Bsetti, I got your email, by the way, glad to see that you're encouraged. | ||
85 | |84 |00:12:59 ~-~-> 00:12:59 |You | ||
86 | |85 |00:13:07 ~-~-> 00:13:12 |not that we discard entirely the 930 if there is a fair value gap there, it | ||
87 | |86 |00:13:12 ~-~-> 00:13:16 |just, I like to do the first presented fair value gap that's not On the 930 | ||
88 | |87 |00:13:17 ~-~-> 00:13:17 |candle. | ||
89 | |88 |00:13:22 ~-~-> 00:14:30 |I Now, if it wants to, if it wants to go higher that first presented fair value | ||
90 | |89 |00:14:30 ~-~-> 00:14:36 |gap, if it's bullish, we want to see it trade into it and treat it as an | ||
91 | |90 |00:14:36 ~-~-> 00:14:40 |inversion fair value gap. Otherwise, if we break below this one here, this could | ||
92 | |91 |00:14:40 ~-~-> 00:14:47 |be treated as an inversion pay. I got to trade lower, but I'm sticking with the | ||
93 | |92 |00:14:47 ~-~-> 00:14:55 |initial a higher Time Frame. I'm not trying to pick the top which is kind of | ||
94 | |93 |00:14:55 ~-~-> 00:14:58 |along the lines that when the ladies, the students that are following along on | ||
95 | |94 |00:14:58 ~-~-> 00:15:03 |this mentorship, though. Kirsten father's Christ. I think it's she goes | ||
96 | |95 |00:15:03 ~-~-> 00:15:10 |by. She's very, very optimistic about some of the things that she's learning | ||
97 | |96 |00:15:10 ~-~-> 00:15:15 |here. And she mentioned how she tries to get the the highest high and the lowest | ||
98 | |97 |00:15:15 ~-~-> 00:15:20 |low, like I'm doing in my executions. And that's, unfortunately, that's not | ||
99 | |98 |00:15:20 ~-~-> 00:15:26 |not what you should be trying to focus right now, trying to find the trades in | ||
100 | |99 |00:15:26 ~-~-> 00:15:29 |between the high and the low, which is kind of like a silver bullet type setup. | ||
101 | |100 |00:15:37 ~-~-> 00:15:43 |Sorry, I had to cram my throat as we get closer to Thanksgiving, not that it will | ||
102 | |101 |00:15:43 ~-~-> 00:15:48 |be live streaming, but when we get closer to Halloween, in that time of the | ||
103 | |102 |00:15:48 ~-~-> 00:15:54 |year, I see my arms kicking pretty hard, so you'll have to put up with that. I | ||
104 | |103 |00:15:54 ~-~-> 00:15:59 |apologize. So we're inside of the fair value gap over here. First present the | ||
105 | |104 |00:15:59 ~-~-> 00:16:05 |fair value gap. We want to see it maintain its ability to stay in here and | ||
106 | |105 |00:16:05 ~-~-> 00:16:09 |then work towards this high that's what I would like to see. Personally, I'm | ||
107 | |106 |00:16:09 ~-~-> 00:16:12 |subscribing to that view. I've submitted myself to that idea, | ||
108 | |107 |00:16:20 ~-~-> 00:16:26 |but trying to find setups that are in between where you think it's going to go | ||
109 | |108 |00:16:26 ~-~-> 00:16:30 |to the highest degree or to the lowest degree, they're generally like silver | ||
110 | |109 |00:16:30 ~-~-> 00:16:36 |bullet type setups, which is why I gave the idea to my son, Cameron, because | ||
111 | |110 |00:16:36 ~-~-> 00:16:44 |he's a gamer, And to keep him from wanting to be perfect, or striving to be | ||
112 | |111 |00:16:44 ~-~-> 00:16:50 |perfect, it ran out the gate having a setup that affords him the luxury of | ||
113 | |112 |00:16:50 ~-~-> 00:16:54 |just simply getting in something that's already in motion. As long as you can | ||
114 | |113 |00:16:54 ~-~-> 00:16:58 |arrive at the correct bias of withdrawal liquidity, it's no something you're | ||
115 | |114 |00:16:58 ~-~-> 00:17:13 |gonna trade to next. So that's so that's one of the things that cursed. I'm | ||
116 | |115 |00:17:13 ~-~-> 00:17:23 |assuming I'm saying you need Kirsten correctly the you're not alone when you | ||
117 | |116 |00:17:23 ~-~-> 00:17:26 |feel that way. You know you want to try to get in at the lowest low. And because | ||
118 | |117 |00:17:26 ~-~-> 00:17:31 |it feels like if you can't do that, then trading isn't being done correctly. And | ||
119 | |118 |00:17:31 ~-~-> 00:17:37 |that's not true. Just means that someone that can do that, and most people can't | ||
120 | |119 |00:17:37 ~-~-> 00:17:41 |do it. There's a lot of people that are profitable that never get to that | ||
121 | |120 |00:17:41 ~-~-> 00:17:45 |degree. They just trade in the middle of the of the ranges, and they just stick | ||
122 | |121 |00:17:45 ~-~-> 00:17:49 |with momentum traits. And there's nothing inherently wrong with that. In | ||
123 | |122 |00:17:50 ~-~-> 00:17:54 |fact, that's the best way to start learning, because it removes a lot of | ||
124 | |123 |00:17:54 ~-~-> 00:18:03 |the the need to be right. And that's a thing that you, as you mentioned in your | ||
125 | |124 |00:18:03 ~-~-> 00:18:06 |comments, and you're not the only one like that, either. Because everybody | ||
126 | |125 |00:18:06 ~-~-> 00:18:10 |feels plagued by that, they want to be right and right is not essential, | ||
127 | |126 |00:18:11 ~-~-> 00:18:13 |because you can be wrong and be profitable. | ||
128 | |127 |00:18:22 ~-~-> 00:18:38 |I You can see how we fell short of reaching into that 2020, I'm sorry, | ||
129 | |128 |00:18:39 ~-~-> 00:18:44 |20,002 14.75 level traded all the way back down to the 930 fair value gap we | ||
130 | |129 |00:18:44 ~-~-> 00:18:50 |are inside of now working the top of the first resent the fair value gap which | ||
131 | |130 |00:18:50 ~-~-> 00:18:53 |formed On the 933 candle. So | ||
132 | |131 |00:19:26 ~-~-> 00:19:30 |we would want to see if it trades up above this high. We want to see it | ||
133 | |132 |00:19:30 ~-~-> 00:19:37 |energetic, speed, a lot of energy to get through that candlesticks, wick midpoint | ||
134 | |133 |00:19:37 ~-~-> 00:19:43 |or consequent, crochet. And we want to, I personally want to see it just drive | ||
135 | |134 |00:19:43 ~-~-> 00:19:48 |right on through to 14.75, like It stole like I want to see it just try to run | ||
136 | |135 |00:19:48 ~-~-> 00:19:56 |away. Because, again, my interest lies with that level up here. And it's just, | ||
137 | |136 |00:19:56 ~-~-> 00:20:01 |again, it's just a higher Time Frame draw. There's nothing saying it needs to | ||
138 | |137 |00:20:01 ~-~-> 00:20:06 |go here. It's just it would confirm to me that the higher Time Frame still is | ||
139 | |138 |00:20:06 ~-~-> 00:20:14 |in very much a buy program and sticking to intraday long. So be the most | ||
140 | |139 |00:20:14 ~-~-> 00:20:18 |appropriate if you're going to trade with the largest leverage, it would be | ||
141 | |140 |00:20:18 ~-~-> 00:20:21 |more appropriate to trade it on that side of the market versus shorting with | ||
142 | |141 |00:20:21 ~-~-> 00:20:26 |the highest leverage. Not that you can't make money shorting, it just means that | ||
143 | |142 |00:20:26 ~-~-> 00:20:35 |by removing the likelihood of having an over leveraged trade on the wrong side | ||
144 | |143 |00:20:35 ~-~-> 00:20:39 |of the marketplace is theoretically less likely to occur if you do it that way. | ||
145 | |144 |00:20:40 ~-~-> 00:20:45 |That's my thought process on it doesn't mean it's 100% it just means that that's | ||
146 | |145 |00:20:45 ~-~-> 00:20:51 |how I go about doing it. All right, so we're making relative equal highs here | ||
147 | |146 |00:20:52 ~-~-> 00:20:58 |chain back down into the first retentive fair value gap. I'm going to remove the | ||
148 | |147 |00:20:58 ~-~-> 00:21:03 |new day opening gap studies here, because essentially, the the information | ||
149 | |148 |00:21:03 ~-~-> 00:21:07 |that they're providing is no different than what the first presented fair value | ||
150 | |149 |00:21:07 ~-~-> 00:21:15 |gap is. So it keeps the chart a little bit cleaner. Gotta make sure I wasn't | ||
151 | |150 |00:21:15 ~-~-> 00:21:17 |sure if I took you back off me or took myself back off me. I | ||
152 | |151 |00:21:23 ~-~-> 00:21:27 |Okay, looking down into consequent crochet, just just past it a little bit | ||
153 | |152 |00:21:27 ~-~-> 00:21:30 |that's all normal. We have this wick in here, | ||
154 | |153 |00:21:38 ~-~-> 00:21:43 |as you're serving price every turning point or every consolidation. Always try | ||
155 | |154 |00:21:43 ~-~-> 00:21:48 |to look for inefficiencies. That means just a fair value gap some kind or a | ||
156 | |155 |00:21:48 ~-~-> 00:21:52 |wick, if there's a long, drawn out candlestick, wick to the bottom of a | ||
157 | |156 |00:21:52 ~-~-> 00:21:58 |candle or above a candles high, always be mindful of that midpoint, because it | ||
158 | |157 |00:21:58 ~-~-> 00:22:03 |gives you like a framework, not a framework like a foothold or a handhold | ||
159 | |158 |00:22:04 ~-~-> 00:22:10 |for price to use. And they're not, they're not the very strongest ones, | ||
160 | |159 |00:22:10 ~-~-> 00:22:13 |kind of like a volume imbalance. The volume imbalance is one like this, the | ||
161 | |160 |00:22:13 ~-~-> 00:22:16 |separation between these two candlesticks bodies right there. That's | ||
162 | |161 |00:22:16 ~-~-> 00:22:21 |a volume imbalance. They're the weakest. And then I say that not in a way that is | ||
163 | |162 |00:22:21 ~-~-> 00:22:27 |derogatory. It's weakest in terms of allowing price to move back and forth | ||
164 | |163 |00:22:27 ~-~-> 00:22:32 |through them. So I'm more I'm more flexible with them. They can be used as | ||
165 | |164 |00:22:32 ~-~-> 00:22:36 |an entry model. For instance, we just went down consequent correction. We had | ||
166 | |165 |00:22:36 ~-~-> 00:22:40 |this one here, traded back, go of and now we went down into there. It could | ||
167 | |166 |00:22:40 ~-~-> 00:22:45 |use that as a foothold to trade up to the relative equal highs, or it can go | ||
168 | |167 |00:22:45 ~-~-> 00:22:51 |lower one more time and then use this at a later time. It's just, How hard are | ||
169 | |168 |00:22:51 ~-~-> 00:22:58 |you fixed on your immediate draw what you're trying to trade on? I like to use | ||
170 | |169 |00:22:58 ~-~-> 00:23:03 |them while I'm in a trade that is really working well for me. And if they start | ||
171 | |170 |00:23:03 ~-~-> 00:23:07 |responding well in that it gets it gives me a lot of confidence holding on to the | ||
172 | |171 |00:23:07 ~-~-> 00:23:14 |setup, especially if it's a large position. But they're the least in terms | ||
173 | |172 |00:23:14 ~-~-> 00:23:20 |of rigidness. I guess the easiest way to describe it that way would be whereas an | ||
174 | |173 |00:23:20 ~-~-> 00:23:24 |order block. It's pretty it's pretty standard that I want to down close | ||
175 | |174 |00:23:24 ~-~-> 00:23:30 |candle that was representing a bullish order block that would be best seen with | ||
176 | |175 |00:23:30 ~-~-> 00:23:33 |the opening price down to the mean threshold, which is the middle of the | ||
177 | |176 |00:23:33 ~-~-> 00:23:39 |candlestick. I don't want to see any body of another trading candle go lower | ||
178 | |177 |00:23:39 ~-~-> 00:23:44 |than that. Preferably, I like to see it just touch the opening price and then | ||
179 | |178 |00:23:44 ~-~-> 00:23:48 |stop right there and start going higher. That's a perfect world. That's a perfect | ||
180 | |179 |00:23:48 ~-~-> 00:23:55 |delivery of bullish order block. But for volume imbalances, they can be very | ||
181 | |180 |00:23:55 ~-~-> 00:24:00 |gotta be real flexible with them. And I've seen students that have because | ||
182 | |181 |00:24:00 ~-~-> 00:24:04 |everybody wants to pick their own specific PDA rate. They don't. They want | ||
183 | |182 |00:24:04 ~-~-> 00:24:08 |to learn from me, but they want to have their own pathway into what PDA rate | ||
184 | |183 |00:24:08 ~-~-> 00:24:14 |they're going to use. So everybody got here, you just institutional order entry | ||
185 | |184 |00:24:14 ~-~-> 00:24:22 |room right there. The they have their hearts broken, basically, because | ||
186 | |185 |00:24:22 ~-~-> 00:24:26 |sometimes they expect the volume imbalances to be rigid. They expect them | ||
187 | |186 |00:24:26 ~-~-> 00:24:33 |to be definitive about stopping price and if I don't have them, and I'm the | ||
188 | |187 |00:24:33 ~-~-> 00:24:37 |author of that concept, employing it in price action, if I don't hold that | ||
189 | |188 |00:24:37 ~-~-> 00:24:45 |degree of importance over them, why should you so it's not to be, you know, | ||
190 | |189 |00:24:45 ~-~-> 00:24:50 |discouraging to you about it. It just means that you have to have the | ||
191 | |190 |00:24:50 ~-~-> 00:24:56 |expectation that the characteristics around that specific PD array, you have | ||
192 | |191 |00:24:56 ~-~-> 00:25:03 |to be flexibility is that is the key thing do. So we just bumped the relative | ||
193 | |192 |00:25:03 ~-~-> 00:25:08 |eco highs here, and we still haven't traded to the 20,000 to 14.75 level you | ||
194 | |193 |00:25:22 ~-~-> 00:25:24 |want to screenshot that, by the way, as I was talking about that volume | ||
195 | |194 |00:25:24 ~-~-> 00:25:27 |imbalance, you can see how it behaved that way turn down to consequence | ||
196 | |195 |00:25:27 ~-~-> 00:25:32 |encouragement of the first resent the fair value gap, traded back up and back | ||
197 | |196 |00:25:32 ~-~-> 00:25:37 |down into that volume of balance to the bodies are that supports the volume | ||
198 | |197 |00:25:37 ~-~-> 00:25:40 |imbalance. The wicks leave the damage. It's fine, and rallied up to the rather | ||
199 | |198 |00:25:40 ~-~-> 00:25:45 |equal highs that could be your setup, that could be your model. There's | ||
200 | |199 |00:25:45 ~-~-> 00:25:50 |nothing wrong with that. Don't think that you have to have the low of a run | ||
201 | |200 |00:25:50 ~-~-> 00:25:55 |or a high of a run, and you're not somehow not smart money, or that you're | ||
202 | |201 |00:25:55 ~-~-> 00:25:59 |not doing what I'm teaching correctly. You are. You're just looking for your | ||
203 | |202 |00:25:59 ~-~-> 00:26:04 |segment of price action. That means something to you, that you can see it | ||
204 | |203 |00:26:04 ~-~-> 00:26:05 |forming, and you trust it once | ||
205 | |204 |00:26:12 ~-~-> 00:26:15 |you get comfortable with it, and you just give yourself the the freedom to | ||
206 | |205 |00:26:15 ~-~-> 00:26:19 |get in here and have fun studying, you'll see your setup. Don't if you're | ||
207 | |206 |00:26:19 ~-~-> 00:26:24 |forcing something like I have to, it has to be this thing, you know, it's gonna | ||
208 | |207 |00:26:24 ~-~-> 00:26:31 |be hard for you. So by relaxing and letting it come to you, you'll do | ||
209 | |208 |00:26:31 ~-~-> 00:26:37 |better. I'm just forcing Caleb to use the fair value gap, because it's he can | ||
210 | |209 |00:26:37 ~-~-> 00:26:41 |see them. He's not correctly picking them, you know accurately all the Time, | ||
211 | |210 |00:26:42 ~-~-> 00:26:43 |but | ||
212 | |211 |00:26:57 ~-~-> 00:27:04 |take this off here that was a pre session. Sorry, this is the thing that | ||
213 | |212 |00:27:04 ~-~-> 00:27:08 |you get messed up about, right Kirsten, you want to get the lows get out of here | ||
214 | |213 |00:27:10 ~-~-> 00:27:13 |for now. Let's just leave that for ICT, you just worry about the things like we | ||
215 | |214 |00:27:13 ~-~-> 00:27:17 |were just outlined over here, the middle pieces using the first potential fair | ||
216 | |215 |00:27:17 ~-~-> 00:27:25 |bag app, volume and balance right there that fair value got that mentioned to | ||
217 | |216 |00:27:25 ~-~-> 00:27:29 |you as always they're trading at the institutional order flow entry drill, | ||
218 | |217 |00:27:29 ~-~-> 00:27:33 |which is a partial entry into the fair value gap when there is relative equal | ||
219 | |218 |00:27:33 ~-~-> 00:27:38 |highs and a buy side liquidity also just above it. That's just like a real easy | ||
220 | |219 |00:27:38 ~-~-> 00:27:44 |gravy train type setup. Easy, easy, easy, and obviously to never, ever, | ||
221 | |220 |00:27:44 ~-~-> 00:27:55 |ever, Market Replay. So now I want to see if it can trade to be salty today in | ||
222 | |221 |00:27:55 ~-~-> 00:28:09 |the comments. I have to escape it 1030 today. So to make sure that you had some | ||
223 | |222 |00:28:09 ~-~-> 00:28:17 |candy, had to work with the morning session early on. But as you can see | ||
224 | |223 |00:28:17 ~-~-> 00:28:20 |live, you can see, I'm painting it for you. | ||
225 | |224 |00:28:26 ~-~-> 00:28:34 |So in a perfect world, I would like to see it not lose ground and go below this | ||
226 | |225 |00:28:34 ~-~-> 00:28:39 |fair value guy. Okay, so what I'm saying here is these relative equal highs. | ||
227 | |226 |00:28:39 ~-~-> 00:28:49 |We're going to take this off. Okay? And this is that wick that I had over here | ||
228 | |227 |00:28:49 ~-~-> 00:28:55 |on this time frame. That's this candlesticks, premium, constant. Correct | ||
229 | |228 |00:28:55 ~-~-> 00:29:04 |me, the wick right over here. It's a long way around the barn here, come on, | ||
230 | |229 |00:29:05 ~-~-> 00:29:09 |good grief. Thought it was a couple doors down these things like in another | ||
231 | |230 |00:29:09 ~-~-> 00:29:19 |neighborhood. I want a five minute chart all these candlesticks. Here is a wick. | ||
232 | |231 |00:29:19 ~-~-> 00:29:19 |I | ||
233 | |232 |00:29:25 ~-~-> 00:29:33 |That's that right there, see? So since we're above it now, we don't need to | ||
234 | |233 |00:29:33 ~-~-> 00:29:39 |worry with it. Clean your chart off. And because we're above that is real that | ||
235 | |234 |00:29:39 ~-~-> 00:29:46 |that old two to like 20,000 to 14.75 14.75 level. We are accumulating in | ||
236 | |235 |00:29:46 ~-~-> 00:29:49 |here, which is exactly what you want to see. And I was mentioning down here. I | ||
237 | |236 |00:29:49 ~-~-> 00:29:52 |don't want to see it trade below this. So this would be represented by, | ||
238 | |237 |00:29:52 ~-~-> 00:29:58 |hopefully a breakaway gap that would lead to a run above at two, 14.75 level, | ||
239 | |238 |00:29:58 ~-~-> 00:30:03 |and then to see if we can run up into. August 22 high. And that would make a | ||
240 | |239 |00:30:03 ~-~-> 00:30:06 |beautiful session this morning, and I could close it and go get myself | ||
241 | |240 |00:30:07 ~-~-> 00:30:13 |prepared for my appointment a little bit earlier. But this, if you were in a long | ||
242 | |241 |00:30:14 ~-~-> 00:30:18 |you would be wanting to take profits as you're engaging that 22nd high like | ||
243 | |242 |00:30:18 ~-~-> 00:30:22 |that, right there would have been a real nice area to start distributing some of | ||
244 | |243 |00:30:22 ~-~-> 00:30:28 |your long position, and any remaining portion should have it stop below here. | ||
245 | |244 |00:30:30 ~-~-> 00:30:33 |Should have no reason for it to go back down there unless it wants to go lower. | ||
246 | |245 |00:30:36 ~-~-> 00:30:40 |And taking partials as we're approaching the target is always sound logic. | ||
247 | |246 |00:30:52 ~-~-> 00:30:56 |So again, think about how we were talking about the first presented fair | ||
248 | |247 |00:30:56 ~-~-> 00:31:04 |value gap when we traded down, relaxing, not forcing anything. The market traded | ||
249 | |248 |00:31:04 ~-~-> 00:31:10 |down into the 930 This is a 15 second chart, but it's this, | ||
250 | |249 |00:31:17 ~-~-> 00:31:21 |that cat there, so I'm gonna trade down there. We weren't freaking out. We gave | ||
251 | |250 |00:31:21 ~-~-> 00:31:25 |the market the opportunity to show us what it wants to do. Our bias. Well, my | ||
252 | |251 |00:31:25 ~-~-> 00:31:33 |bias that I shared with you was the 20,002 14.75 level, and then on a best | ||
253 | |252 |00:31:33 ~-~-> 00:31:38 |case scenario, drawing to August 22 high, which we don't need that but | ||
254 | |253 |00:31:38 ~-~-> 00:31:44 |because we have two pools of liquidity there. It's reasonable to expect it to | ||
255 | |254 |00:31:44 ~-~-> 00:31:48 |try to make an attempt to get there. It need not get there entirely to this | ||
256 | |255 |00:31:48 ~-~-> 00:31:54 |high, but we think that it's logical to start looking for setups that would be | ||
257 | |256 |00:31:54 ~-~-> 00:31:57 |used for something like that. That means, when the market did drop down | ||
258 | |257 |00:31:57 ~-~-> 00:32:01 |here, did it spend a lot of time inside that gap? Remember what I was teaching | ||
259 | |258 |00:32:01 ~-~-> 00:32:05 |the last few times when we were in live stream inefficiencies. You don't want to | ||
260 | |259 |00:32:05 ~-~-> 00:32:09 |see it staying inside the inefficiency and you're camping out. We don't want it | ||
261 | |260 |00:32:09 ~-~-> 00:32:12 |staying in there, making lots of candlesticks forming inside the | ||
262 | |261 |00:32:12 ~-~-> 00:32:17 |inefficiency. Because if the market's being delivered to that inefficiency, | ||
263 | |262 |00:32:17 ~-~-> 00:32:21 |the algo is letting price get there for a moment, because Smart Money should | ||
264 | |263 |00:32:21 ~-~-> 00:32:26 |already be expecting it to trade down there to onboard new loan positions. I | ||
265 | |264 |00:32:26 ~-~-> 00:32:32 |gave you the process of thinking. Let it get back to the first presented fair | ||
266 | |265 |00:32:32 ~-~-> 00:32:36 |value gap. Trade above it and treat it as what inversion. That's how you would | ||
267 | |266 |00:32:36 ~-~-> 00:32:40 |use the first resented fair value gap today with this market structure, I was | ||
268 | |267 |00:32:40 ~-~-> 00:32:43 |not ambiguous about it. The only thing I said was give it a chance, because if it | ||
269 | |268 |00:32:43 ~-~-> 00:32:47 |fails here and doesn't go higher, then if it goes lower, this will be treated | ||
270 | |269 |00:32:47 ~-~-> 00:32:51 |as inversion fair Vega, and we'll have to worry about this at a later time. But | ||
271 | |270 |00:32:51 ~-~-> 00:32:55 |if it rallies back up to this one, it needs to go above it come back down in | ||
272 | |271 |00:32:56 ~-~-> 00:33:02 |look at the bodies. That's the upper quadrant of that inefficiency. Let's see | ||
273 | |272 |00:33:02 ~-~-> 00:33:07 |if it wants to trade it on August 22 first, before I start stripping down a | ||
274 | |273 |00:33:07 ~-~-> 00:33:15 |little bit more detail while we're looking to see if it'll do it this over | ||
275 | |274 |00:33:15 ~-~-> 00:33:21 |here was just simply me using a one minute by side, balance, outside | ||
276 | |275 |00:33:21 ~-~-> 00:33:26 |efficiency and in close proximity to yesterday's first presented Fairbank. | ||
277 | |276 |00:33:26 ~-~-> 00:33:32 |Yeah. So I was thinking that it was they were using it here, and retail sees | ||
278 | |277 |00:33:32 ~-~-> 00:33:35 |these things like this as support. I want to get in there as it goes down | ||
279 | |278 |00:33:35 ~-~-> 00:33:41 |below and it trades right into that little inefficiency there. So that was | ||
280 | |279 |00:33:41 ~-~-> 00:33:45 |my entry, expecting it to trade up into perfect scenario. Would be trading up to | ||
281 | |280 |00:33:45 ~-~-> 00:33:49 |August 20 seconds high. But this, admittedly, was where I was looking to | ||
282 | |281 |00:33:49 ~-~-> 00:33:55 |to bail, and it goes here, up to August, 20 seconds high or higher. Wonderful. | ||
283 | |282 |00:33:55 ~-~-> 00:33:59 |It's a moral victory for me. It's not something I have to profit on. It just | ||
284 | |283 |00:33:59 ~-~-> 00:34:06 |means that I have to have a exit strategy before that. If you don't have | ||
285 | |284 |00:34:06 ~-~-> 00:34:10 |an exit strategy before your ultimate Terminus or your target, you're probably | ||
286 | |285 |00:34:10 ~-~-> 00:34:15 |going to fall victim to emotions and lose sight of what you're trading. And | ||
287 | |286 |00:34:15 ~-~-> 00:34:18 |that's a terrible thing, terrible thing to see something that would have | ||
288 | |287 |00:34:18 ~-~-> 00:34:21 |otherwise been profitable, if you would have been scaling out while it was | ||
289 | |288 |00:34:21 ~-~-> 00:34:24 |moving in your favor as it's getting close to your Terminus. Terminus is | ||
290 | |289 |00:34:24 ~-~-> 00:34:28 |where you think it ultimately goes to, like that's your final target. You'd | ||
291 | |290 |00:34:28 ~-~-> 00:34:32 |have everything off the trade, even if you took parcels along the way, Terminus | ||
292 | |291 |00:34:32 ~-~-> 00:34:37 |would be you have nothing left of the position on at that point, it's a full | ||
293 | |292 |00:34:37 ~-~-> 00:34:44 |closure of whatever's remaining open. So my terminus for the trade is this, | ||
294 | |293 |00:34:45 ~-~-> 00:34:51 |because I'm not holding a hard opinion that it has to get to this point here | ||
295 | |294 |00:34:51 ~-~-> 00:34:54 |today for me, because I have an appointment I have to meet, and I can't | ||
296 | |295 |00:34:54 ~-~-> 00:34:59 |guarantee that the market's going to move that far in the short period of | ||
297 | |296 |00:34:59 ~-~-> 00:35:05 |time. That. Sitting from the charts with you today. So having 20,002 14.75 which | ||
298 | |297 |00:35:05 ~-~-> 00:35:09 |is at a logical level, if you look at it on the one minute chart, they're | ||
299 | |298 |00:35:09 ~-~-> 00:35:10 |relatively equal highs. | ||
300 | |299 |00:35:19 ~-~-> 00:35:28 |They're right there. So Tuesday's noon hour, those relative equal highs, was | ||
301 | |300 |00:35:28 ~-~-> 00:35:34 |the level I was looking for, with additional expectation that August 20 | ||
302 | |301 |00:35:34 ~-~-> 00:35:43 |seconds high would be a likely draw. And when you have a bias like that, Kirsten, | ||
303 | |302 |00:35:44 ~-~-> 00:35:49 |as we were showing here live, as long as you know what the market's most likely, | ||
304 | |303 |00:35:49 ~-~-> 00:35:53 |I'm going to get it wrong eventually, you know, I'll sit out here with you | ||
305 | |304 |00:35:53 ~-~-> 00:35:58 |guys, and eventually I'll expect it to go a direction, and it won't do it. I'm | ||
306 | |305 |00:35:58 ~-~-> 00:36:02 |anticipating it happen. Okay? Because they're not going to let me just sit out | ||
307 | |306 |00:36:02 ~-~-> 00:36:06 |here every day and do it perfectly that that's, trust me, that's not going to | ||
308 | |307 |00:36:07 ~-~-> 00:36:23 |happen. So day, right? Day, the go, Phil, the the return back into this | ||
309 | |308 |00:36:23 ~-~-> 00:36:31 |first percent of fair value gap. I mean, I understand that, that people, when | ||
310 | |309 |00:36:31 ~-~-> 00:36:35 |they see me describe this stuff, because it's not something that they can reach | ||
311 | |310 |00:36:35 ~-~-> 00:36:38 |over here and say, Oh, he's just borrowing it from here. It's not | ||
312 | |311 |00:36:38 ~-~-> 00:36:44 |something anywhere else. So when I'm looking at inefficiencies, I'm looking | ||
313 | |312 |00:36:44 ~-~-> 00:36:49 |at these inefficiencies in the broad perspective of how it's going to be used | ||
314 | |313 |00:36:49 ~-~-> 00:36:53 |as a narrative. That's the main thing I want you to hear in my delivery today, | ||
315 | |314 |00:36:54 ~-~-> 00:37:00 |is that number one, I'm absolutely calm about what I expect to see. I'm not | ||
316 | |315 |00:37:00 ~-~-> 00:37:04 |hopped up on goofballs. I'm not scared about being wrong. I know what it's | ||
317 | |316 |00:37:04 ~-~-> 00:37:08 |likely to do based on what it's showing me. Contrast that with what we were | ||
318 | |317 |00:37:08 ~-~-> 00:37:13 |watching live on Monday, where I knew for certain that I was going to be | ||
319 | |318 |00:37:13 ~-~-> 00:37:18 |executing if I did in seek and destroy, because we were spending time in every | ||
320 | |319 |00:37:18 ~-~-> 00:37:23 |inefficiency that formed. It just stayed inside of it, consolidating. And that is | ||
321 | |320 |00:37:23 ~-~-> 00:37:29 |the truest fashion for you to say, Okay, we're probably going to be in a | ||
322 | |321 |00:37:29 ~-~-> 00:37:34 |unfavorable market, which could eventually trade to a seek and destroy | ||
323 | |322 |00:37:34 ~-~-> 00:37:37 |that where every high gets taken out, every log is taken out. That's what a | ||
324 | |323 |00:37:37 ~-~-> 00:37:42 |seek and destroy the days. Okay? And there you go. Boom. Screenshot that. So | ||
325 | |324 |00:37:43 ~-~-> 00:37:50 |insert Brad Pitt dancing. Yeah, I'm lucky again. How about it? How about it? | ||
326 | |325 |00:37:50 ~-~-> 00:37:56 |I'm lucky. I'm lucky. It's your birthday. It's your birthday. Go ICT. Go | ||
327 | |326 |00:37:56 ~-~-> 00:38:03 |ICT. So anyway, it's real hard to argue. Now, folks, it really, really is hard to | ||
328 | |327 |00:38:03 ~-~-> 00:38:08 |argue. I know some of you heard stories about how I did this stuff on daily with | ||
329 | |328 |00:38:08 ~-~-> 00:38:14 |the private mentorship group for years, and it didn't start off that way in the | ||
330 | |329 |00:38:14 ~-~-> 00:38:18 |beginning, because I was teaching them how I was teaching initially in the | ||
331 | |330 |00:38:18 ~-~-> 00:38:23 |beginning of this 2024 mentorship, where we're just sitting there and we're | ||
332 | |331 |00:38:23 ~-~-> 00:38:30 |watching two charts, just watching price. If you don't have any interest in | ||
333 | |332 |00:38:30 ~-~-> 00:38:33 |doing that, you're never going to learn how to do this. Well, I don't know how | ||
334 | |333 |00:38:33 ~-~-> 00:38:38 |to say any better than that. And I'm going to spend about five minutes giving | ||
335 | |334 |00:38:38 ~-~-> 00:38:43 |you an exit monolog, and I'm going to close the stream, okay, but it's real | ||
336 | |335 |00:38:43 ~-~-> 00:38:49 |important that you understand that spending time over the charts without | ||
337 | |336 |00:38:49 ~-~-> 00:38:55 |any demand of what you think it should do just observing what what patterns | ||
338 | |337 |00:38:55 ~-~-> 00:39:00 |that repeat around certain times of the day. What do we see? What do we see | ||
339 | |338 |00:39:00 ~-~-> 00:39:07 |around the first 30 minutes. What do we see after 10 o'clock starts? How is that | ||
340 | |339 |00:39:07 ~-~-> 00:39:12 |first presented? Fair value gap that's not formed on the 930 candle. How is it | ||
341 | |340 |00:39:12 ~-~-> 00:39:17 |used? You may not know where the market's likely to draw to in advance. | ||
342 | |341 |00:39:17 ~-~-> 00:39:20 |You may not know those things, and it's okay that you don't know them in the | ||
343 | |342 |00:39:20 ~-~-> 00:39:24 |beginning, because your repetition of being in front of the charts, hearing me | ||
344 | |343 |00:39:24 ~-~-> 00:39:28 |describe what I think is going to happen, I'm lending you just like I lent | ||
345 | |344 |00:39:28 ~-~-> 00:39:31 |it to my private mentorship students who paid me, and I did this stuff with a | ||
346 | |345 |00:39:31 ~-~-> 00:39:37 |high 90% accuracy. Every single day, you're all getting experience of that | ||
347 | |346 |00:39:37 ~-~-> 00:39:43 |right now, you're seeing it, and it won't happen for you, where you're that | ||
348 | |347 |00:39:43 ~-~-> 00:39:47 |accurate all the time for a while. I don't know how long it's going to take | ||
349 | |348 |00:39:47 ~-~-> 00:39:51 |for you. Some of you that send comments to me, and you're asking very sincerely, | ||
350 | |349 |00:39:52 ~-~-> 00:39:55 |how long do you think it'll take me to learn how to do this? I need to make | ||
351 | |350 |00:39:55 ~-~-> 00:40:00 |money. I'm in dire straits. Well, you have to, you have to fix that. Said | ||
352 | |351 |00:40:00 ~-~-> 00:40:03 |because I can't guarantee that you're going to be profitable, and any mentor | ||
353 | |352 |00:40:03 ~-~-> 00:40:06 |that says that they shouldn't, you shouldn't pay any mind to them, leave | ||
354 | |353 |00:40:06 ~-~-> 00:40:11 |them. I'm trying to be as responsible as I can as a Christian, as a human being, | ||
355 | |354 |00:40:11 ~-~-> 00:40:16 |as a man, as a teacher, as a mentor, I can't promise you that that you're going | ||
356 | |355 |00:40:16 ~-~-> 00:40:21 |to be profitable, because you can still mess it up. I could be in front of you | ||
357 | |356 |00:40:21 ~-~-> 00:40:24 |today calling every single thing like I did here, and you do something | ||
358 | |357 |00:40:24 ~-~-> 00:40:31 |incorrectly in your own hands and lose money. I've watched that happen. I've | ||
359 | |358 |00:40:31 ~-~-> 00:40:36 |watched people do things that were not equipped because they either over, over | ||
360 | |359 |00:40:36 ~-~-> 00:40:41 |leveraged or it started moving in their favor, but then you put a stop loss in | ||
361 | |360 |00:40:41 ~-~-> 00:40:45 |too tight, and they get stopped out, and then they go back in trying to do | ||
362 | |361 |00:40:45 ~-~-> 00:40:49 |something immediately over leveraging, and then stopped out again. And now | ||
363 | |362 |00:40:49 ~-~-> 00:40:55 |they're in a losing day, but they're watching me call the market live, and | ||
364 | |363 |00:40:55 ~-~-> 00:41:00 |they see it trading to the targets. That's very frustrating for me, so I | ||
365 | |364 |00:41:00 ~-~-> 00:41:06 |can't, I can't hold your hands back, and I can't try to convince you any more | ||
366 | |365 |00:41:06 ~-~-> 00:41:10 |than I do already. You just have to give yourself the patience. Develop that | ||
367 | |366 |00:41:10 ~-~-> 00:41:15 |patience of you'll see it work. Trust me, if you spend enough time and trust | ||
368 | |367 |00:41:15 ~-~-> 00:41:21 |studying and looking for it, once you see it, you can't unsee it. You can't | ||
369 | |368 |00:41:21 ~-~-> 00:41:28 |you can't diminish it. You can't just, you can't just discount it. But it's a | ||
370 | |369 |00:41:28 ~-~-> 00:41:33 |hard place to get to initially, because invariably, especially with my | ||
371 | |370 |00:41:33 ~-~-> 00:41:39 |personality and what people's opinions are about me, I'm labeled a fraud. I'm | ||
372 | |371 |00:41:39 ~-~-> 00:41:45 |labeled this. I'm labeled that, and it's amazing how these individuals that say | ||
373 | |372 |00:41:45 ~-~-> 00:41:48 |that they're not paying attention to what's being shown here live like they | ||
374 | |373 |00:41:48 ~-~-> 00:41:55 |don't. They don't see it, because that's so prevailing in the community, the | ||
375 | |374 |00:41:55 ~-~-> 00:41:59 |training community around them. I'm polarizing. You're already wrestling | ||
376 | |375 |00:41:59 ~-~-> 00:42:03 |with it's probably not going to work, and you're looking for anything to be | ||
377 | |376 |00:42:03 ~-~-> 00:42:08 |able to justify while why you should not spend any time doing it. For some of | ||
378 | |377 |00:42:08 ~-~-> 00:42:11 |you, that's going to be a very hard thing to get through, but I promise you | ||
379 | |378 |00:42:11 ~-~-> 00:42:17 |this, if you dig your heels down and you're not swiping your credit card to | ||
380 | |379 |00:42:17 ~-~-> 00:42:20 |watch me do this, and I'm not forcing you to come back to my live streams, you | ||
381 | |380 |00:42:20 ~-~-> 00:42:25 |can watch it whenever you want to watch it, but you're watching it live and you | ||
382 | |381 |00:42:25 ~-~-> 00:42:29 |see it. So that should be an encouragement to you, because I can | ||
383 | |382 |00:42:29 ~-~-> 00:42:35 |promise you this, I am not a mental giant, okay? I'm not a genius. I'm not | ||
384 | |383 |00:42:35 ~-~-> 00:42:42 |something above and beyond what any of us that are watching can do if you can | ||
385 | |384 |00:42:42 ~-~-> 00:42:46 |see these candlesticks, and you have vision, and you know what time it is, | ||
386 | |385 |00:42:46 ~-~-> 00:42:49 |and you can recognize the fair value gap, you can see relative equal highs | ||
387 | |386 |00:42:49 ~-~-> 00:42:53 |and where daily highs and lows are. You can do everything I did today, | ||
388 | |387 |00:42:55 ~-~-> 00:42:59 |everything I did today is within your grasp. Anyone that tells you you can't | ||
389 | |388 |00:42:59 ~-~-> 00:43:05 |or that it's nonsense or it's contrived, they have a really hard argument to make | ||
390 | |389 |00:43:05 ~-~-> 00:43:10 |when you see it being done consistently, like it's to me, I would be very | ||
391 | |390 |00:43:10 ~-~-> 00:43:15 |encouraged if I could have watched someone do this for free and then say, | ||
392 | |391 |00:43:15 ~-~-> 00:43:19 |hey, look, keep keep coming back, and you're going to Learn how to do this too | ||
393 | |392 |00:43:20 ~-~-> 00:43:27 |by repetition, so quick little summary here, | ||
394 | |393 |00:43:38 ~-~-> 00:43:45 |the initial run that is not a Juda swing. It's just simply, it's trying to | ||
395 | |394 |00:43:45 ~-~-> 00:43:50 |get somewhere. And it was going to go to that two, 14.75 level, because it's | ||
396 | |395 |00:43:50 ~-~-> 00:43:55 |their smooth highs. They left them in place yesterday. And then this gap, | ||
397 | |396 |00:43:55 ~-~-> 00:43:58 |while it's not considered the first presented fair value gap, by definition, | ||
398 | |397 |00:43:58 ~-~-> 00:44:01 |it is a fair value gap, so you have to look at it and consider it. But this is | ||
399 | |398 |00:44:01 ~-~-> 00:44:05 |the first presented fair value gap. So what's the difference? First presented | ||
400 | |399 |00:44:05 ~-~-> 00:44:12 |fair value gap is going to be utilized for a signal or a setup that my son will | ||
401 | |400 |00:44:12 ~-~-> 00:44:18 |use. So this is, this is where Caleb takes his trade later on, when he gets | ||
402 | |401 |00:44:18 ~-~-> 00:44:24 |better at looking at in information, in price action. He may take this long here | ||
403 | |402 |00:44:25 ~-~-> 00:44:31 |and then add to it here, but his father is telling him, this is how you're going | ||
404 | |403 |00:44:31 ~-~-> 00:44:34 |to use it if it's down here. Okay, it was in a hurry to get down here. That | ||
405 | |404 |00:44:34 ~-~-> 00:44:39 |means it repriced there. So it offered the sell side in that little area. It | ||
406 | |405 |00:44:39 ~-~-> 00:44:42 |did not spend a lot of time there. These are one minute candles. So it went down | ||
407 | |406 |00:44:44 ~-~-> 00:44:48 |one more candle, and then on the third candle, it's leaving. Elvis has left the | ||
408 | |407 |00:44:48 ~-~-> 00:44:53 |building. And while we're down here, I said we want to see if it's going to be | ||
409 | |408 |00:44:53 ~-~-> 00:44:57 |bullish, it's going to trade up to the first instance of everybody I got trade | ||
410 | |409 |00:44:57 ~-~-> 00:45:01 |above it and come back down in Is that not what the trade. It shows here. Did | ||
411 | |410 |00:45:01 ~-~-> 00:45:06 |you watch it live in your own data feed? Did you see that happen there? Did I | ||
412 | |411 |00:45:06 ~-~-> 00:45:12 |have somehow gained control over the CME and the data that way I can manipulate | ||
413 | |412 |00:45:12 ~-~-> 00:45:15 |the price that goes into everybody's computers and screens all around the | ||
414 | |413 |00:45:15 ~-~-> 00:45:18 |world. Everybody sees the same thing. I have the ability to do that like Dr | ||
415 | |414 |00:45:18 ~-~-> 00:45:23 |Xavier or Professor Xavier. I have I can cerebrio get married and calls | ||
416 | |415 |00:45:23 ~-~-> 00:45:27 |everybody. I think they see the same thing. Some of you guys give me too much | ||
417 | |416 |00:45:27 ~-~-> 00:45:35 |credit. So looking at that little inefficiency there, I'll say this, and | ||
418 | |417 |00:45:35 ~-~-> 00:45:44 |then I'm done. Says candles high. That candle is low. By the way, I was | ||
419 | |418 |00:45:44 ~-~-> 00:45:47 |noticing that the likes on the live streams, they're really, uh, they're | ||
420 | |419 |00:45:47 ~-~-> 00:45:53 |really low. I'm not sure if I'm entertaining you guys or not. If you're | ||
421 | |420 |00:45:53 ~-~-> 00:45:57 |not learning something, I certainly don't want to waste your time. But if | ||
422 | |421 |00:45:57 ~-~-> 00:46:01 |you're finding it valuable, one of the biggest things you can do, is it to | ||
423 | |422 |00:46:01 ~-~-> 00:46:05 |encourage me, is to give it a thumbs up. It doesn't give me any more money. It's | ||
424 | |423 |00:46:05 ~-~-> 00:46:08 |not a necessity, because I'm going to still do it if nobody puts a thumbs up | ||
425 | |424 |00:46:08 ~-~-> 00:46:12 |because I'm teaching it to my son. But I like to see that feedback, because I | ||
426 | |425 |00:46:12 ~-~-> 00:46:18 |take that as I saw that live. I saw it live. That's what I think that thumb up | ||
427 | |426 |00:46:18 ~-~-> 00:46:21 |should be like. That's you saying I was a witness. I saw I was here live. | ||
428 | |427 |00:46:21 ~-~-> 00:46:25 |Doesn't mean that everybody's going to do it, because some people just don't | ||
429 | |428 |00:46:25 ~-~-> 00:46:31 |want to do it. But here's the lower quadrant of that inefficiency here. Look | ||
430 | |429 |00:46:31 ~-~-> 00:46:38 |at that. Isn't that beautiful. It spikes down with its wick, leaves what this | ||
431 | |430 |00:46:38 ~-~-> 00:46:43 |drop back down and leaves the lower portion untouched? Yes, we traded to it | ||
432 | |431 |00:46:43 ~-~-> 00:46:47 |here. Yes, we traded up through the lower quadrant, through here. But what I | ||
433 | |432 |00:46:47 ~-~-> 00:46:51 |said was, when we were down here, it needs to trade up through it and go | ||
434 | |433 |00:46:51 ~-~-> 00:46:55 |above it and come back down into it. So when it's diving down into it, you got | ||
435 | |434 |00:46:55 ~-~-> 00:47:00 |to look at that. This is the first time it's using it as what inversion. So it's | ||
436 | |435 |00:47:00 ~-~-> 00:47:06 |going to do, what, in a perfect world, leave the lower half untouched? Well, it | ||
437 | |436 |00:47:06 ~-~-> 00:47:10 |trades down to the lower quadrant, but it leaves the lowest portion open. | ||
438 | |437 |00:47:10 ~-~-> 00:47:15 |That's exactly what you're looking for, for inversion, fair value gap. This is | ||
439 | |438 |00:47:15 ~-~-> 00:47:18 |the signature that the algorithm is absolutely going to send it higher. | ||
440 | |439 |00:47:19 ~-~-> 00:47:28 |There's not it's No Ambiguous confliction. There's no argument about | ||
441 | |440 |00:47:28 ~-~-> 00:47:33 |it. It is absolutely telling you that that's exactly what you expect. And then | ||
442 | |441 |00:47:33 ~-~-> 00:47:38 |the bodies stay where in the upper half, from that red level here up to the top | ||
443 | |442 |00:47:38 ~-~-> 00:47:46 |at 20,001 79 to 180 4.75 the bodies are perfect if they're inside that range, | ||
444 | |443 |00:47:46 ~-~-> 00:47:50 |which is the upper half of that orange box that's represented by this | ||
445 | |444 |00:47:50 ~-~-> 00:47:56 |candlesticks low and this candlesticks high. And then we use the upper quadrant | ||
446 | |445 |00:47:56 ~-~-> 00:48:07 |level too, and then sends it like I love, that you guys can see it. What | ||
447 | |446 |00:48:07 ~-~-> 00:48:13 |irritates me is people that try to you know they lie, and they say this is | ||
448 | |447 |00:48:13 ~-~-> 00:48:17 |found somewhere else, or I copied it from this one and that one my question | ||
449 | |448 |00:48:17 ~-~-> 00:48:23 |is, is, can you please show us, please, without any any, uh, confusion about it, | ||
450 | |449 |00:48:23 ~-~-> 00:48:27 |show us what book, what page number, what author, what teacher, was doing all | ||
451 | |450 |00:48:27 ~-~-> 00:48:32 |this stuff before 1996 I promise you're not going to find it, I promise you. And | ||
452 | |451 |00:48:32 ~-~-> 00:48:38 |instead of doing all that drama stuff, just pull up a chair, grab some note | ||
453 | |452 |00:48:38 ~-~-> 00:48:41 |taking instruments and just join us. You can do it anonymously. You don't have to | ||
454 | |453 |00:48:41 ~-~-> 00:48:45 |say that you're learning from me, but I promise you, if you spend time with me, | ||
455 | |454 |00:48:45 ~-~-> 00:48:48 |you're going to learn things that you never would have learned. You'll be able | ||
456 | |455 |00:48:48 ~-~-> 00:48:51 |to see price action better than anyone else is going to teach you. You'll be | ||
457 | |456 |00:48:51 ~-~-> 00:48:55 |able to be calm about it, you'll be comfortable, you won't be antsy, your | ||
458 | |457 |00:48:55 ~-~-> 00:48:59 |heart won't be racing, you won't have anxiety attacks and heart palpitations. | ||
459 | |458 |00:48:59 ~-~-> 00:49:03 |And it makes it fun. It's almost like meditation, because you know what it's | ||
460 | |459 |00:49:03 ~-~-> 00:49:10 |likely to do, and when you see it over and over and over again for decades, for | ||
461 | |460 |00:49:10 ~-~-> 00:49:15 |decades, it's just like anything else. It's like anything else that you get | ||
462 | |461 |00:49:15 ~-~-> 00:49:21 |good at. It's a hobby or a pastime that you do at home. You know it well. And | ||
463 | |462 |00:49:21 ~-~-> 00:49:24 |these things I'm teaching are something that you absolutely can learn how to do, | ||
464 | |463 |00:49:25 ~-~-> 00:49:28 |and once you learn them, they're like riding a bike, as long as you keep your | ||
465 | |464 |00:49:28 ~-~-> 00:49:31 |mental faculties to yourself and your health is good, and you're not | ||
466 | |465 |00:49:31 ~-~-> 00:49:36 |distracting yourself with high, high pulsing music and things that coming in | ||
467 | |466 |00:49:36 ~-~-> 00:49:42 |out of your room when you're studying. Have a an area where you're studying | ||
468 | |467 |00:49:42 ~-~-> 00:49:46 |with no distractions. No one said, Hey, can you can you help me with this? Or | ||
469 | |468 |00:49:46 ~-~-> 00:49:51 |Daddy, can you do this? Or Mommy, can you do that? Afford yourself some time, | ||
470 | |469 |00:49:51 ~-~-> 00:49:57 |because how you invest in your study time doing this is going to help yield | ||
471 | |470 |00:49:57 ~-~-> 00:50:02 |huge dividends. But if you're doing it, you. Half heartedly, or if you're doing | ||
472 | |471 |00:50:02 ~-~-> 00:50:06 |it, when you're distracted or tired, if you're fatigued, you're not you're not | ||
473 | |472 |00:50:06 ~-~-> 00:50:09 |doing it right. And that might mean that you can only study a few times a week, | ||
474 | |473 |00:50:09 ~-~-> 00:50:12 |not every day. And there's nothing wrong with that. There's absolutely nothing | ||
475 | |474 |00:50:12 ~-~-> 00:50:17 |wrong. It's about the quality, not the quantity, of your study. How well are | ||
476 | |475 |00:50:17 ~-~-> 00:50:20 |you studying? How well are you annotating your charts? How well are you | ||
477 | |476 |00:50:20 ~-~-> 00:50:23 |keep in your journal, because if you're doing it rushed, if you're trying to | ||
478 | |477 |00:50:23 ~-~-> 00:50:26 |just breeze right through it, you're not going to get the result you're looking | ||
479 | |478 |00:50:26 ~-~-> 00:50:29 |for, and you're going to be frustrated. And that's the last thing I want to see | ||
480 | |479 |00:50:29 ~-~-> 00:50:33 |any of you do. Because I promise you, if I didn't believe that you could learn to | ||
481 | |480 |00:50:33 ~-~-> 00:50:37 |do this, if I couldn't do this, I wouldn't be out here doing it. Live from | ||
482 | |481 |00:50:37 ~-~-> 00:50:41 |you. I'd be afraid. I'd be hiding somewhere. I'd be off of Twitter. I'd be | ||
483 | |482 |00:50:41 ~-~-> 00:50:45 |off of social media, hiding under a rock somewhere, and you don't see that, do | ||
484 | |483 |00:50:45 ~-~-> 00:50:49 |you? Because I want to see you do well, things are about to get really hard, and | ||
485 | |484 |00:50:49 ~-~-> 00:50:52 |if you can start making a little bit extra money by doing this, I'm not | ||
486 | |485 |00:50:52 ~-~-> 00:50:57 |saying that you will, but if you can imagine the ease the weight off your | ||
487 | |486 |00:50:57 ~-~-> 00:51:02 |shoulders, and that would bring me such a wonderful peace of mind, knowing that | ||
488 | |487 |00:51:02 ~-~-> 00:51:05 |if you took the time to reach out to me and say, I'm so thankful I invested the | ||
489 | |488 |00:51:05 ~-~-> 00:51:09 |time learning what you showed because now I'm able to do this when | ||
490 | |489 |00:51:09 ~-~-> 00:51:13 |everything's so hard. Thank you. That's what I'm looking forward to. I want to | ||
491 | |490 |00:51:13 ~-~-> 00:51:17 |see those testimonies. I want that not I want and bought a Lamborghini, not that | ||
492 | |491 |00:51:17 ~-~-> 00:51:21 |I went out and bought a, you know, toy I that's not what I that's not what I | ||
493 | |492 |00:51:21 ~-~-> 00:51:27 |that's not what I'm doing this for. So I had fun today. Real short and sweet, I | ||
494 | |493 |00:51:27 ~-~-> 00:51:32 |have an appointment. If I don't get off here, I will not make it. So study | ||
495 | |494 |00:51:33 ~-~-> 00:51:38 |obviously, and we'll be back out again tomorrow. Same time, same ICT channel. | ||
496 | |495 |00:51:39 ~-~-> 00:51:41 |Lord willing. Until then be safe. Do. |