1 | 00:01:50 --> 00:01:59 | ICT: Good morning, folks. How are you? If you are a subscriber to my Twitter or |
2 | 00:01:59 --> 00:02:05 | ex, if you could give me a five by Five, let me know that the audio is good. I |
3 | 00:02:31 --> 00:02:38 | i Thank you folks, appreciate it. All right, so we're going to be doing some |
4 | 00:02:38 --> 00:02:44 | things today that hopefully will inspire you to be in more involved with your |
5 | 00:02:44 --> 00:02:52 | price action study and a proper use of your demo account. Okay, so I'm going to |
6 | 00:02:52 --> 00:02:59 | teach you a price action drill that will help you also understand how to use |
7 | 00:02:59 --> 00:03:05 | limit orders Caleb, and for anyone else that has not ever grown comfortable |
8 | 00:03:05 --> 00:03:12 | using a limit order for your entry there, in my opinion, they're the the |
9 | 00:03:12 --> 00:03:19 | pinnacle of knowing what you're looking for. So having a a market order, I do |
10 | 00:03:19 --> 00:03:26 | that market order entry mainly to satisfy, to the best of my ability, the |
11 | 00:03:26 --> 00:03:31 | folks that would watch my recordings, like I did last night. I traded Asian |
12 | 00:03:31 --> 00:03:38 | tests. I'll review that trade, by the way, the access the first thing I'll do |
13 | 00:03:38 --> 00:03:41 | after I'm done this little monolog, okay, we'll go right into that, and then |
14 | 00:03:41 --> 00:03:45 | you'll see what I do and why I do what I do on TradingView, and it all makes |
15 | 00:03:45 --> 00:03:52 | sense in a couple minutes. But the the market order that I use to enter and |
16 | 00:03:52 --> 00:03:56 | always add you and pyramid my position up is to showcase that I'm not using |
17 | 00:03:56 --> 00:04:00 | Market Replay, and I'm always highlighting and hovering over top of |
18 | 00:04:02 --> 00:04:08 | the little green button up here. And one of my students made a point about how |
19 | 00:04:08 --> 00:04:12 | they themselves, even as a paid student, were like, You Can you remove any of the |
20 | 00:04:12 --> 00:04:18 | doubt, because you could be using Market Replay. And I'm like, I wasn't even |
21 | 00:04:18 --> 00:04:27 | aware that Market Replay was a thing, but I started showing the this little |
22 | 00:04:27 --> 00:04:34 | Status button here, and I always toggle it so it tells you how much time is left |
23 | 00:04:34 --> 00:04:37 | while the market's open. And you can't pull that up when you're using my |
24 | 00:04:37 --> 00:04:47 | replay. So I don't generally use market orders to get in. I do that to allow for |
25 | 00:04:47 --> 00:04:52 | my entries to be a little bit off, not as precise as they would be if you were |
26 | 00:04:52 --> 00:04:57 | using limit orders. And we'll be looking at that today. Okay, so there's gonna be |
27 | 00:04:57 --> 00:05:00 | a whole lot of button pushing today, buying into. Selling, buying and |
28 | 00:05:00 --> 00:05:04 | selling, buying and selling. You know, it's, it's going to be a lot of it, and |
29 | 00:05:04 --> 00:05:12 | it's meant to show you how I got over the fear of selling short. I had to |
30 | 00:05:12 --> 00:05:17 | defensify, had to desensitize myself. Excuse me to getting in to a short |
31 | 00:05:17 --> 00:05:20 | position because I didn't understand how to do it in the 90s. I was I was afraid |
32 | 00:05:20 --> 00:05:25 | to do it didn't make any sense for me to sell something I don't own, and how can |
33 | 00:05:25 --> 00:05:29 | I buy it back when I didn't own it and again. So it was very hard for me to |
34 | 00:05:29 --> 00:05:38 | understand it. And what I tried to do was I tried to create a game out of it, |
35 | 00:05:39 --> 00:05:47 | and it was something that I would do on paper, so I'd have to write down what my |
36 | 00:05:47 --> 00:05:52 | hypothetical entry would be and where my hypothetical stop would be, and where my |
37 | 00:05:52 --> 00:05:59 | hypothetical take profit would be when I would use end of day data back In the |
38 | 00:05:59 --> 00:06:04 | 90s, when I first started trading commodities. And I'll go through and |
39 | 00:06:04 --> 00:06:10 | back test every example like that. So my hypothetical fill, not factoring spread, |
40 | 00:06:10 --> 00:06:16 | obviously, I would always use the opening price of whatever candlestick I |
41 | 00:06:16 --> 00:06:19 | was using for, like a bearish order block, I would use the opening |
42 | 00:06:19 --> 00:06:24 | candlesticks price, and that would be where I would try to sell short at so |
43 | 00:06:24 --> 00:06:28 | for back testing purposes, that's what I'll do now today, all of you have the |
44 | 00:06:28 --> 00:06:34 | luxury and benefit of having more resources to trade in a practice account |
45 | 00:06:35 --> 00:06:40 | where you have live data formulating and Creating these individual candlesticks |
46 | 00:06:40 --> 00:06:45 | dynamically. So you're seeing something that, like people like myself in older |
47 | 00:06:45 --> 00:06:49 | than than I am, where we were literally using paper charts that we hand drew |
48 | 00:06:49 --> 00:06:55 | individual candlesticks like that's how we did it back then. So I'm going to |
49 | 00:06:55 --> 00:07:01 | show you how I have taught my private mentorship students, and how I would |
50 | 00:07:01 --> 00:07:05 | teach individual one on one. So when I used to do long, long time ago, when I |
51 | 00:07:05 --> 00:07:11 | used to do one on ones, this is how I taught my students how to desensitize |
52 | 00:07:11 --> 00:07:17 | themselves. Because do you ever fear getting into a trade? I mean, chances |
53 | 00:07:17 --> 00:07:21 | are you probably had that, that feeling before, where you feel confident that |
54 | 00:07:21 --> 00:07:25 | you know where the market's going to go. You feel confident that it's about to do |
55 | 00:07:25 --> 00:07:30 | that move, where you think it's going to run to it, but you're just reluctant to |
56 | 00:07:30 --> 00:07:37 | push the button. You're just afraid. And I had to overcome my fear of being short |
57 | 00:07:37 --> 00:07:42 | now as a buyer, because it's pre vomiting what I was doing in 1992 when I |
58 | 00:07:42 --> 00:07:47 | first started I could just go in there and just buy because I didn't care. I |
59 | 00:07:47 --> 00:07:53 | thought that everything was going to go up based on any cares I had. So I didn't |
60 | 00:07:53 --> 00:07:56 | have any fear whatsoever, even if I took losses and even if I blew accounts in |
61 | 00:07:56 --> 00:08:03 | 90s, it's something that was not as scary for me as it should have been, |
62 | 00:08:04 --> 00:08:08 | because my in my desire to get out of the rat race, my desire to learn how to |
63 | 00:08:08 --> 00:08:14 | do this consistently, was overwhelming, by contrast to the fear that I would |
64 | 00:08:14 --> 00:08:18 | have had and at the time experienced. Because it wasn't like I wasn't afraid, |
65 | 00:08:18 --> 00:08:25 | I was afraid, but it was so small in comparison to my driven passion to get |
66 | 00:08:25 --> 00:08:28 | the hell out of the rat race of working because I worked a lot of hours and |
67 | 00:08:28 --> 00:08:35 | worked six days a week, so every waking moment, every chance I had to study |
68 | 00:08:35 --> 00:08:40 | price, to study the markets, I was pouring myself into it, but I still had |
69 | 00:08:40 --> 00:08:45 | an under the surface fear of entering trades like that that was there. It was |
70 | 00:08:45 --> 00:08:47 | magnified extremely, |
71 | 00:08:49 --> 00:08:54 | almost to a degree of paralysis, when it became time for me to want to start |
72 | 00:08:54 --> 00:08:58 | being a short seller. And I had to do that because the market was changing, |
73 | 00:08:58 --> 00:09:03 | and it was going into bearish conditions. And every time I would try |
74 | 00:09:03 --> 00:09:07 | to take along, it would slap me down. And if I'm only going to be a perma |
75 | 00:09:07 --> 00:09:11 | bull, meaning I'm only going to try to be a buyer only, and never try to be |
76 | 00:09:11 --> 00:09:15 | short selling, either, I'd have to sit on my hands a whole lot more than I was |
77 | 00:09:15 --> 00:09:21 | willing to do, and or I'm just going to have to conside and concede and say, I'm |
78 | 00:09:21 --> 00:09:25 | not going to be profitable and I can't trade. And that's that wasn't going to |
79 | 00:09:25 --> 00:09:31 | be the case. So I had to go in and look for ways to do what my mentor Larry |
80 | 00:09:31 --> 00:09:35 | Williams said he'd had to do. He just said he just took trades, just kept |
81 | 00:09:35 --> 00:09:39 | pushing the button, and he didn't care whether he made money or not. So I was |
82 | 00:09:39 --> 00:09:42 | like, you know, I'm going to try that. I'm gonna I'm gonna try to do that and |
83 | 00:09:43 --> 00:09:48 | and desensitize myself. And it wasn't easy. Was very difficult to do that. But |
84 | 00:09:48 --> 00:09:52 | you have the benefit of having a demo account and a paper trading account |
85 | 00:09:52 --> 00:09:56 | where you can do actual executions. What I'm going to show you today, like we're |
86 | 00:09:56 --> 00:10:01 | going to do a lot of them today. I want to remind you that. These are drills. |
87 | 00:10:01 --> 00:10:07 | Okay, this is to number one, teach Caleb how to enter with a limit order. And |
88 | 00:10:07 --> 00:10:09 | those of you that don't know how to use limit orders to get into the |
89 | 00:10:09 --> 00:10:13 | marketplace, so that we can get really good pricing for your entries, for your |
90 | 00:10:13 --> 00:10:16 | longs and your shorts, you're going to learn that today. It's a very short, |
91 | 00:10:16 --> 00:10:21 | simple little process. But I want to remind you that what we're going to be |
92 | 00:10:21 --> 00:10:23 | talking about and what I'm going to be pushing the to be pushing the button on |
93 | 00:10:23 --> 00:10:28 | today. They are not meant to be viewed as trades, okay? These are not Robin |
94 | 00:10:28 --> 00:10:32 | Robin's cup, World Cup entry type trades. These are not the entries that |
95 | 00:10:32 --> 00:10:37 | you saw last night. These are going to be simply going in and trading off of |
96 | 00:10:37 --> 00:10:41 | intraday volatility. You're going to see me lose trades today. Okay, it's going |
97 | 00:10:41 --> 00:10:45 | to happen. It's not the point of making money today. It's not the point of being |
98 | 00:10:45 --> 00:10:50 | accurate. It's the point of you seeing how to practice engaging price action. |
99 | 00:10:50 --> 00:10:57 | And you do this every single day for weeks up to a few months. Every single |
100 | 00:10:57 --> 00:11:01 | day you should practice it like this. I still do these types of things, even |
101 | 00:11:01 --> 00:11:06 | though I can trade with real money and make real money, I will go into the demo |
102 | 00:11:06 --> 00:11:09 | account and paper trade these drills. I'll do it several times a day whenever |
103 | 00:11:09 --> 00:11:13 | I'm bored. It's like a form of meditation. I'll go in and I'll run |
104 | 00:11:13 --> 00:11:18 | executions. I'm doing it because it keeps me fresh. It keeps me tied into |
105 | 00:11:18 --> 00:11:22 | the marketplace. It's the first thing I do when I come back from a vacation. |
106 | 00:11:22 --> 00:11:26 | It's the first thing I do when I come home and we've been away from the home, |
107 | 00:11:26 --> 00:11:32 | or if I've taken a day off, or I've been sick, if I have just had a longer time |
108 | 00:11:32 --> 00:11:38 | away from price action because of some kind of economic counter that said, you |
109 | 00:11:38 --> 00:11:41 | know, it's just not something I want to be a part of. Typically, it's a Non Farm |
110 | 00:11:41 --> 00:11:45 | Payroll week. I teach my students this very week. We're working in here. You |
111 | 00:11:45 --> 00:11:50 | want to be done trading by tomorrow at 11 o'clock. So if you haven't made your |
112 | 00:11:50 --> 00:11:54 | trades in the next futures by 11 o'clock tomorrow, my students that are brand |
113 | 00:11:54 --> 00:11:58 | new, not they're not the mature students, not the ones that have learned |
114 | 00:11:58 --> 00:12:02 | their model know what they're doing, the brand new students, the the people that |
115 | 00:12:02 --> 00:12:06 | don't know their own model, that don't know their way out of a, you know, a bad |
116 | 00:12:06 --> 00:12:10 | situation in the marketplace. They are the ones I say not to trade on this |
117 | 00:12:10 --> 00:12:14 | week, Wednesday, Thursday and Friday. You absolutely can use my concepts to |
118 | 00:12:14 --> 00:12:19 | trade after Non Farm Payroll. You absolutely can trade after the 830 news |
119 | 00:12:19 --> 00:12:23 | event on Thursday, which is a preliminary adjustment on the employment |
120 | 00:12:23 --> 00:12:27 | data from the previous month. Those two days, Thursday and Friday. I'm not from |
121 | 00:12:27 --> 00:12:32 | payroll. They're very manipulated. But if you know what you're looking for, and |
122 | 00:12:32 --> 00:12:36 | you're well versed and you're mature, you've not just recently started |
123 | 00:12:36 --> 00:12:41 | watching my videos, then yeah, you can trade those days. But when I talk, I |
124 | 00:12:41 --> 00:12:46 | take this idea of you can hear my puppy snoring again. Hang on one second, |
125 | 00:12:46 --> 00:12:56 | because it scales. Getting really loud game. Hold on one sec. Little lumberjack |
126 | 00:12:56 --> 00:12:57 | Here, hold on One sec. |
127 | 00:13:02 --> 00:14:09 | You Sorry about that. Had to grab my glass of OJ, I forgot that I was on one |
128 | 00:14:09 --> 00:14:17 | counter, so we know how. We'll have to get up to get that later on. So these, |
129 | 00:14:17 --> 00:14:23 | these drills today. Okay, I'm going to type it out on the screen very |
130 | 00:14:23 --> 00:14:27 | obnoxiously in bold, because I absolutely know that trolls are going to |
131 | 00:14:27 --> 00:14:32 | take these portions of the video and they're going to say, see, ICT can't |
132 | 00:14:32 --> 00:14:36 | trade. C ICT can't find a winning trade. C ICT can't do this. And they're going |
133 | 00:14:36 --> 00:14:44 | to take it out of context, okay? I want you to understand the purpose and the |
134 | 00:14:44 --> 00:14:51 | premise of today's live stream. It is to teach how you can overcome fear of |
135 | 00:14:51 --> 00:14:58 | entering into a trade. If you do this drill every single day, 1520 times at |
136 | 00:14:58 --> 00:15:03 | minimum, 10 times at. Day. Okay? And you'll see by using smaller time frames, |
137 | 00:15:03 --> 00:15:07 | it's very easy to do it. You don't need a whole lot of time invested. I did the |
138 | 00:15:07 --> 00:15:13 | drill with my students the other day for like, an hour or so, and I did 10 of |
139 | 00:15:13 --> 00:15:17 | them. And I didn't know, let's be honest, I did nine of them. I had to |
140 | 00:15:17 --> 00:15:21 | come back later on. At the end, when I said I was finishing the session, I |
141 | 00:15:21 --> 00:15:26 | wanted to round up to even 10, so I did one more exercise of it. But I would, I |
142 | 00:15:26 --> 00:15:30 | would enter a trade. I would show them where I was in the trade, where my limit |
143 | 00:15:30 --> 00:15:34 | order would be to take a profit, and where my stock also be. And I did not |
144 | 00:15:34 --> 00:15:40 | care, absolutely. Did not care about any predetermined bias. I was literally |
145 | 00:15:40 --> 00:15:47 | working with the intraday volatility in Asia of all sessions. It's not even that |
146 | 00:15:47 --> 00:15:51 | that you know that that typically is a session that's volatile. But when I do |
147 | 00:15:51 --> 00:15:55 | the trade review that I did for last night's example, on Twitter, I'll |
148 | 00:15:55 --> 00:15:59 | explain why and how you can start looking for Asian session moves, because |
149 | 00:15:59 --> 00:16:03 | I'm sure that's probably come up in your mind, like, how do I know when these |
150 | 00:16:03 --> 00:16:07 | sessions are going to have these, these types of runs, and when do I try to |
151 | 00:16:07 --> 00:16:11 | avoid them predominantly? I'll cover that today. So I could have added that |
152 | 00:16:11 --> 00:16:14 | to the title, but I'm not sure if the title would have fit if I would have |
153 | 00:16:14 --> 00:16:19 | said everything I had in the label, you know, entitling it, saying limit orders |
154 | 00:16:19 --> 00:16:25 | and volatility, Pinball drills and how to trade Asian session. It's just a it's |
155 | 00:16:25 --> 00:16:31 | a long winded title, so I think the title is enough to intrigue people that |
156 | 00:16:31 --> 00:16:35 | want to click and listen to it. They're probably not liking this big, long |
157 | 00:16:35 --> 00:16:39 | monolog, but that's just the way I roll. And if you don't like it and you can't |
158 | 00:16:39 --> 00:16:41 | sit through that kind of stuff, I'm probably not going to be the right |
159 | 00:16:41 --> 00:16:45 | mentor for you, but go, lose somebody else's use somebody else's mental |
160 | 00:16:45 --> 00:16:48 | methods and stuff, lose money and then come back, and you'll be more prepared |
161 | 00:16:49 --> 00:16:55 | to listen. So as a reminder, you're encouraged if you're watching it live. |
162 | 00:16:55 --> 00:16:59 | Okay, because it's going to be interactive. It's going to be a |
163 | 00:16:59 --> 00:17:05 | interactive study where you're going to feel what it feels like to be in |
164 | 00:17:05 --> 00:17:09 | constant buying and selling, constant buying and selling and executing with |
165 | 00:17:09 --> 00:17:17 | limit orders, placing limit orders as an exit and you're not using a market |
166 | 00:17:17 --> 00:17:21 | order. You're not allowed to use a market order. You're not allowed to save |
167 | 00:17:21 --> 00:17:25 | the stop loss as soon as we put it on, it has to get stopped out, or it has to |
168 | 00:17:25 --> 00:17:29 | go to the limit. So one of those orders have to happen, and what you're going to |
169 | 00:17:29 --> 00:17:34 | be doing is you're going to record and journal what it feels like for you, |
170 | 00:17:34 --> 00:17:42 | watching price either pan out to the target or getting stopped out. It's |
171 | 00:17:42 --> 00:17:46 | really important for you to write down what you feel now I'm going to tell you |
172 | 00:17:46 --> 00:17:50 | right off top of the list. What's going to happen is it's going to feel weird |
173 | 00:17:51 --> 00:17:57 | that I'm putting these, these trades on with no real logic except for where's |
174 | 00:17:57 --> 00:18:01 | the closest buy side and sell something on a very small time frame. That's all |
175 | 00:18:01 --> 00:18:05 | this is. This is not a trading method. One of my students and one of the user |
176 | 00:18:05 --> 00:18:09 | groups was like, Can we turn this into a trading model? Because I made, like, |
177 | 00:18:09 --> 00:18:14 | 3030, $100 $4,000 you know, back and forth, back and forth, and I showed |
178 | 00:18:14 --> 00:18:21 | losing trades too. So I want you to think about how, if you can look for |
179 | 00:18:21 --> 00:18:32 | small, tiny, little, micro structure, liquidity pools, and you have just small |
180 | 00:18:32 --> 00:18:36 | risk involved. You're only going to be using one contract. You're not allowed |
181 | 00:18:36 --> 00:18:40 | to use two. You're not allowed, you're not allowed to be pyramiding. This is |
182 | 00:18:40 --> 00:18:43 | not what this is about. I'm going to teach my son pyramiding in his |
183 | 00:18:43 --> 00:18:47 | mentorship, so that way he has the lessons. And you all, you also have the |
184 | 00:18:47 --> 00:18:54 | lessons. Okay, but for this purpose today, we will only be seeing ICT do one |
185 | 00:18:54 --> 00:19:00 | contract. I will be buying and I will be going short, and we will do this for a |
186 | 00:19:00 --> 00:19:04 | length of time, until either I get bored with it or I've accomplished the method, |
187 | 00:19:05 --> 00:19:10 | which means that I'm gonna have to at least do 10 of them. So we're gonna |
188 | 00:19:10 --> 00:19:14 | spend some time today looking at intraday volatility. I am not trying to |
189 | 00:19:14 --> 00:19:18 | frame a bias. I am not trying to go into the charts and say, here's what I think |
190 | 00:19:18 --> 00:19:21 | the draw on liquidity is on the hourly chart, the the daily chart, the weekly |
191 | 00:19:21 --> 00:19:24 | chart, we're not, we're not going to refer to that with the drills. Okay, |
192 | 00:19:24 --> 00:19:29 | it's literally going to be a 15 second chart with a one minute and five minute |
193 | 00:19:29 --> 00:19:34 | basis. Okay, so when it's something that I can use on a five minute chart, I will |
194 | 00:19:34 --> 00:19:39 | show it to you, but predominantly I'm going to use a one minute chart. It is |
195 | 00:19:39 --> 00:19:43 | not underscore. It is not. And when you see people go out there making YouTube |
196 | 00:19:43 --> 00:19:47 | videos, okay, or they're showing on social media that this is a model for |
197 | 00:19:47 --> 00:19:52 | trading, this is ICTs enigma. It's not Enigma, okay? It is absolutely not |
198 | 00:19:52 --> 00:19:56 | enigma. My private mentorship students were asking if this was Enigma, no. |
199 | 00:19:56 --> 00:20:02 | Enigma doesn't lose like this. Okay, this is a. Ill. This is to accomplish |
200 | 00:20:02 --> 00:20:10 | getting over the fear of executing and entering it's to give you a baseline |
201 | 00:20:10 --> 00:20:16 | evaluation and foundational read on you internally. What are you feeling when |
202 | 00:20:16 --> 00:20:21 | you're in these types of executions? Are you emphasizing the need to be right |
203 | 00:20:21 --> 00:20:27 | because that's a problem. Are you emphasizing the desire inside to close |
204 | 00:20:27 --> 00:20:31 | the trade because you don't want to get stopped out, because that means you're |
205 | 00:20:31 --> 00:20:38 | wanting to be right? Are you fearful of having losing trades more than a winning |
206 | 00:20:38 --> 00:20:43 | trade, but still being net positive? That's a problem. So all these things |
207 | 00:20:43 --> 00:20:48 | going to help give you a baseline evaluation on how you think, but it's |
208 | 00:20:48 --> 00:20:53 | also going to train you how to use limit orders properly, because there's no more |
209 | 00:20:53 --> 00:20:57 | market orders. Market orders are just for me to prove that there's no Market |
210 | 00:20:57 --> 00:21:02 | Replay being used, because the in the upper left hand corner. When you use a |
211 | 00:21:02 --> 00:21:06 | market replay, you don't see the buying selling buttons up there. They put them |
212 | 00:21:06 --> 00:21:08 | down here in the lower left hand I'm sorry, lower right hand corner down |
213 | 00:21:09 --> 00:21:15 | here. I don't have the luxury of doing that with live data. I have to use the |
214 | 00:21:15 --> 00:21:21 | entry buttons up here, and that's why I do that. But when I'm trading with real |
215 | 00:21:21 --> 00:21:26 | money, I'm trading with limit orders. The only time, and this is, this is I |
216 | 00:21:26 --> 00:21:32 | got this from my mentor, the only time you have my permission to use a market |
217 | 00:21:32 --> 00:21:38 | order is to get out of a trade that you absolutely know you're offside on or |
218 | 00:21:38 --> 00:21:41 | it's about to turn on, you just completely close it and do market order |
219 | 00:21:41 --> 00:21:46 | like that, done simple, because if you don't know what you're doing, it's going |
220 | 00:21:46 --> 00:21:50 | to be illustrated with you constantly just using market orders. And if you |
221 | 00:21:50 --> 00:21:54 | don't know what you're doing, you're going to be trading without a stop loss. |
222 | 00:21:54 --> 00:22:00 | So hopefully, after today, you will not be fearful of showing your examples |
223 | 00:22:01 --> 00:22:05 | without a stop loss, where your trade's still running and it has open profit. |
224 | 00:22:05 --> 00:22:08 | And you want to show everybody that, because you want to do mean hit stop |
225 | 00:22:08 --> 00:22:12 | doing that, because you actually treat your teaching and training your body and |
226 | 00:22:12 --> 00:22:18 | mind to anticipate some public react, reaction and response to support you. I |
227 | 00:22:18 --> 00:22:22 | share these examples like I did last night, because, number one, I think that |
228 | 00:22:22 --> 00:22:28 | it's helpful to see the logic that I have, also introducing something that's |
229 | 00:22:28 --> 00:22:31 | a little bit more advanced. And like I said, I'll cover it. I'll actually teach |
230 | 00:22:31 --> 00:22:37 | you what the Indigo entry method is, but it's, it's a slap in the face to supply |
231 | 00:22:37 --> 00:22:42 | and demand, so it really what it is. And the idea of you getting into a trade, |
232 | 00:22:43 --> 00:22:48 | how you overcome that fear. I'm teaching you how I did it. Nobody taught it to |
233 | 00:22:48 --> 00:22:54 | me. I didn't learn it in a book. I was just passionate about getting over |
234 | 00:22:54 --> 00:22:58 | because I was I was tired of being afraid of it. I wanted to do it. I knew |
235 | 00:22:58 --> 00:23:02 | I had to learn how to be a short seller, and this was my method of accomplishing |
236 | 00:23:02 --> 00:23:06 | getting over that fear. Maybe you don't have the fear of getting into a trade, |
237 | 00:23:06 --> 00:23:09 | maybe just you don't. You don't have that fear. And that's great. If you |
238 | 00:23:09 --> 00:23:13 | don't, that's wonderful. But eventually, if you start trading with size, that |
239 | 00:23:14 --> 00:23:17 | means you're trading with, you know, more contracts behind the position, or |
240 | 00:23:17 --> 00:23:21 | lots if you're trading Forex, you're going to have that fear come in. It's |
241 | 00:23:21 --> 00:23:24 | going to happen at some point. You're going to hit a threshold where, okay, |
242 | 00:23:24 --> 00:23:28 | yeah, I could do one contract. Yeah, I could do five. I can do 10. Wait a |
243 | 00:23:28 --> 00:23:32 | minute, 20. You said, Wait 50 contracts. You said, I don't know about that. Now, |
244 | 00:23:32 --> 00:23:37 | it's that's a little scary. You'll eventually hit that, that barrier where |
245 | 00:23:37 --> 00:23:38 | you're afraid, |
246 | 00:23:40 --> 00:23:43 | but what you'll have to do is lean on your experience. Well, some of you that |
247 | 00:23:43 --> 00:23:46 | are brand new, you don't have any experience to lean on, except for just |
248 | 00:23:46 --> 00:23:50 | clicking a button on the demo account with no understanding of what you expect |
249 | 00:23:50 --> 00:23:53 | to see. You just want to find out what happens when you do it. That's a waste |
250 | 00:23:53 --> 00:23:56 | of a demo. That's a waste of your time. You're actually giving yourself bad |
251 | 00:23:56 --> 00:24:01 | habits, toxic thinking, and you're anchoring the expectation to the result |
252 | 00:24:01 --> 00:24:05 | of the trade, versus Am I following a process? Am I following a methodology, a |
253 | 00:24:05 --> 00:24:11 | model? Am I doing something that with probabilities and statistical results |
254 | 00:24:11 --> 00:24:17 | that I can measure in the past, that's back testing? Am I following something |
255 | 00:24:17 --> 00:24:23 | that can trust in regards to sticking to this and then trusting that the outcome |
256 | 00:24:23 --> 00:24:27 | will be favorable for for me over a period of time, not just the next trade. |
257 | 00:24:27 --> 00:24:30 | So it's important that you understand, when we start doing these drills, when |
258 | 00:24:30 --> 00:24:33 | you're watching me do this, it you're encouraged to do the same thing. Now, |
259 | 00:24:33 --> 00:24:36 | Jack legs out here are going to be trying to do the opposite, and they're |
260 | 00:24:36 --> 00:24:39 | going to say, see, this is the trade ICT was taking, and this is what I was |
261 | 00:24:39 --> 00:24:44 | doing, the opposite. We're doing nothing about a competition today, that |
262 | 00:24:44 --> 00:24:48 | invitation is still open. But that's not what this is today. Today is just |
263 | 00:24:48 --> 00:24:53 | teaching my son how to get in with multiple executions. And then it also |
264 | 00:24:53 --> 00:24:58 | helps you read price action. And if you journal every single session, you do |
265 | 00:24:58 --> 00:25:07 | like this, like in. In your in your progress of journaling, my advice is for |
266 | 00:25:07 --> 00:25:11 | you to have either a three ring binder, if you want to be like me, which is high |
267 | 00:25:11 --> 00:25:15 | touch over high tech or in your high tech devices, where you're you're |
268 | 00:25:15 --> 00:25:21 | journaling, have a section for price action drills where you're literally |
269 | 00:25:21 --> 00:25:25 | going in and doing what I'm going to show you today, and then what you'll do |
270 | 00:25:25 --> 00:25:32 | is you'll have a first day of doing it baseline. Now you can't take that today |
271 | 00:25:32 --> 00:25:35 | as your experience for you, because you're basically you're encouraged to |
272 | 00:25:35 --> 00:25:40 | mimic what I'm doing today. So you already know that this is not a trade |
273 | 00:25:40 --> 00:25:44 | signal, because I never tell you to take a trade. I don't ever want anybody |
274 | 00:25:44 --> 00:25:48 | copying me, because it gets under my skin, like I don't want someone be able |
275 | 00:25:48 --> 00:25:50 | to say that they took the same trade. And when I see people say, Oh, you took |
276 | 00:25:50 --> 00:25:53 | the same trade as I did, or I took the same trade as you did, and you didn't |
277 | 00:25:53 --> 00:25:56 | show me your execution. You don't see you don't see your executions, and you |
278 | 00:25:56 --> 00:25:59 | can't proven that you need Market Replay. I'm not going to like your post. |
279 | 00:25:59 --> 00:26:03 | I'm not going to hard it. I'm not going to comment on it because I don't it |
280 | 00:26:03 --> 00:26:06 | because I don't believe it, and nobody else should believe it either. So |
281 | 00:26:06 --> 00:26:09 | because I'm I'm very guarded with my executions, because there's nobody out |
282 | 00:26:09 --> 00:26:12 | there doing them like mine. I have students that can trade well with my |
283 | 00:26:12 --> 00:26:15 | concepts, but they're not going to have my executions. They're not going to have |
284 | 00:26:16 --> 00:26:21 | it. So today you are encouraged. You're absolutely encouraged to mimic |
285 | 00:26:21 --> 00:26:24 | everything I'm doing, I'm going to walk you through it, so that way you'll be |
286 | 00:26:24 --> 00:26:29 | able to put your limit order in before price gets to mine. So it's not going to |
287 | 00:26:29 --> 00:26:33 | be like you watch mine get filled in a delay in the live stream, then you can't |
288 | 00:26:33 --> 00:26:37 | catch up or keep up with it. You're going to have plenty of time to do |
289 | 00:26:37 --> 00:26:43 | everything I'm willing to do in front of you today. Okay, my goal is not to win |
290 | 00:26:43 --> 00:26:48 | more than I lose. That's not this. That's not what the the procedure is not |
291 | 00:26:48 --> 00:26:52 | based around that. Okay, before we're done in 2024 mentorship, before the end |
292 | 00:26:52 --> 00:26:57 | of this month, you will see me trading live. It'll happen in front of you, and |
293 | 00:26:57 --> 00:27:02 | it'll be with the context. But before Caleb can do that, and before we even |
294 | 00:27:02 --> 00:27:07 | get to that point, I want to at least bridge the gap between not knowing how |
295 | 00:27:07 --> 00:27:12 | to use the limit orders, and it's what he has now, and also how he should |
296 | 00:27:12 --> 00:27:15 | practice. And because you're all eavesdropping and listening, you know, |
297 | 00:27:15 --> 00:27:19 | watching training with him at the same time, you're getting the experience just |
298 | 00:27:19 --> 00:27:23 | like he is. And sometimes, if you're here live, he watches the video after |
299 | 00:27:23 --> 00:27:26 | the fact, and you have the benefit of being here live, so you actually have a |
300 | 00:27:26 --> 00:27:31 | little bit more advantageous position than he does, because he works and his |
301 | 00:27:31 --> 00:27:35 | schedule doesn't afford him to always be watching the stream live or sitting next |
302 | 00:27:35 --> 00:27:42 | to me. So hopefully I beat that you know to death enough to know that when I type |
303 | 00:27:42 --> 00:27:46 | it on the screen, these are not live trades. These are not something to be |
304 | 00:27:46 --> 00:27:50 | profitable on. It's simply to desensitize yourself, desensitize |
305 | 00:27:50 --> 00:27:55 | yourself from the outcome of the trade and just keep doing the entry mechanism. |
306 | 00:27:55 --> 00:28:00 | That's all it is. It's to practice that. But when you start journaling and you |
307 | 00:28:00 --> 00:28:06 | log them every single day. At the end of the weekend, you should look at what |
308 | 00:28:06 --> 00:28:09 | you're doing in your practice sessions, and what's going to happen is your eye |
309 | 00:28:09 --> 00:28:15 | is going to start jumping to setups that you keep seeing repeat doing this drill. |
310 | 00:28:15 --> 00:28:20 | And what will happen is you're going to see setups that you've never noticed |
311 | 00:28:20 --> 00:28:28 | before, because you have either got stopped out in this drill exercise, and |
312 | 00:28:28 --> 00:28:32 | you watched it pan out in the opposite and then it illuminates that idea. Wait |
313 | 00:28:32 --> 00:28:40 | a minute, I see that. And then what you'll do is in by like a default, your |
314 | 00:28:40 --> 00:28:45 | your subconscious will jump to this. Looks like the last time I saw that. So |
315 | 00:28:45 --> 00:28:49 | now I'm going to do the drill, going short, not go long, and then what will |
316 | 00:28:49 --> 00:28:52 | happen is you will start seeing a progress where, in the beginning, you're |
317 | 00:28:52 --> 00:28:56 | probably going to have a whole lot of red losing executions. And it's not to |
318 | 00:28:56 --> 00:28:59 | hurt your feelings, it's not to make you feel bad. I'm certainly not going to be |
319 | 00:28:59 --> 00:29:03 | embarrassed today if I have losing trades, that's not that's not the point. |
320 | 00:29:03 --> 00:29:07 | The point is you're getting experience pressing the button, and you're giving |
321 | 00:29:07 --> 00:29:12 | yourself a baseline evaluation, but you can't take today's data as yours. That's |
322 | 00:29:12 --> 00:29:16 | you just copying me, and I'm going to have losing executions in this so you |
323 | 00:29:16 --> 00:29:19 | can't look at that and say I did something wrong, and you can't look at |
324 | 00:29:19 --> 00:29:24 | the ones that do right and say I did something right speaking of yourself. So |
325 | 00:29:24 --> 00:29:29 | it's me doing it, but I'm asking you as the viewer to do the same thing I'm |
326 | 00:29:29 --> 00:29:33 | doing, but you are to write down what you're feeling when it happens. Are you |
327 | 00:29:33 --> 00:29:37 | embarrassed for ICT the mentor when it gets stopped out? Are you encouraged |
328 | 00:29:37 --> 00:29:40 | when it works in your favor? Are you trying to make it out to be more than it |
329 | 00:29:40 --> 00:29:44 | really is? Are you trying to think that this is some kind of a new model that |
330 | 00:29:44 --> 00:29:49 | I'm leaking? No, this is not a subliminal signal service either. Okay, |
331 | 00:29:49 --> 00:29:53 | all it is, is this an exercise in a drill that I encourage all my students |
332 | 00:29:54 --> 00:29:58 | to do this every single day. If you can do it multiple times, like if you can do |
333 | 00:29:58 --> 00:30:03 | it in the London session, you. The New York session, the lunch hour and the pm |
334 | 00:30:03 --> 00:30:10 | session. Do it you you have no excuse why you should not be practicing every |
335 | 00:30:10 --> 00:30:12 | single day. You should always practice. I've been doing this for a long time, |
336 | 00:30:12 --> 00:30:17 | and I still practice. I absolutely still practice Tiger Woods, still. He still |
337 | 00:30:17 --> 00:30:22 | goes out there and he practices his drives and his putts. I mean, think |
338 | 00:30:22 --> 00:30:29 | about it. You gotta, you gotta keep the skill fresh and in price action. It's no |
339 | 00:30:29 --> 00:30:34 | different. So it constantly keeps you tied into the marketplace. So I'll give |
340 | 00:30:34 --> 00:30:39 | you enough monolog. Let's get into it now. The uh, |
341 | 00:30:45 --> 00:30:49 | the daily chart here. It has a lot of annotations. I apologize, but you know, |
342 | 00:30:49 --> 00:30:58 | we'll get to it yesterday. During the live stream, I talked about how on the |
343 | 00:30:58 --> 00:31:04 | weekly chart, and this was a potential draw that opened up the week for me as a |
344 | 00:31:04 --> 00:31:09 | initial bias, where I wanted to aim for something in that direction. And I also |
345 | 00:31:09 --> 00:31:13 | mentioned there was a small separation between the body of this candlestick. |
346 | 00:31:14 --> 00:31:19 | Let me take these drawings off just for a second. Again, I apologize and again. |
347 | 00:31:19 --> 00:31:26 | This is a daily chart for NASDAQ, December delivery 2024 daily, and this |
348 | 00:31:26 --> 00:31:32 | candlesticks body to this candlesticks body, that separation between the open |
349 | 00:31:32 --> 00:31:35 | of this candle and the close of that candle, that is by definition of volume |
350 | 00:31:35 --> 00:31:41 | and balance if and this is something I had to come Back and retouch on today |
351 | 00:31:41 --> 00:31:46 | because I didn't like my description of this, because it wasn't sufficient. More |
352 | 00:31:46 --> 00:31:50 | accurately, is when we have a volume imbalance like this, and then the candle |
353 | 00:31:50 --> 00:31:55 | that creates the the first candle that makes the volume imbalance like we have |
354 | 00:31:55 --> 00:31:59 | here this week, candle one is candle two. If candle one has a volume |
355 | 00:31:59 --> 00:32:05 | imbalance to the left of it, like it does here, and the body is inside of |
356 | 00:32:06 --> 00:32:11 | this candle. In this candle body, as we see here. In other words, this candles |
357 | 00:32:11 --> 00:32:17 | open. This candle is closed. The candle in the middle, its body is inside those |
358 | 00:32:17 --> 00:32:23 | two price points, okay. This is a very specific PD array. I'm not going to tell |
359 | 00:32:23 --> 00:32:26 | you its name, because everybody's going to go out there and start making books |
360 | 00:32:26 --> 00:32:28 | about it, but I'm going to teach you something else about this very |
361 | 00:32:28 --> 00:32:33 | particular PD array in a book, you don't need to buy my you don't you don't need |
362 | 00:32:33 --> 00:32:38 | to buy my books. Okay, once the books are in print and they're in circulation, |
363 | 00:32:38 --> 00:32:42 | and people can have it has ISBN number attached to it. I will talk about those |
364 | 00:32:42 --> 00:32:47 | things on my YouTube channel. So again, this is not a it's not a pitch to buy my |
365 | 00:32:47 --> 00:32:51 | books. I'm not going to get rich buying by you buying my books. I'm only doing |
366 | 00:32:51 --> 00:32:55 | it so they can put it in in print form, in its true form, because a lot of |
367 | 00:32:55 --> 00:32:59 | people's already put out my stuff in incomplete fashion, and they're going to |
368 | 00:32:59 --> 00:33:02 | look real stupid in a couple months when it's by contrast, their books are |
369 | 00:33:02 --> 00:33:09 | horseshit, but this PD array is inside of a volume imbalance and a previous |
370 | 00:33:09 --> 00:33:14 | volume imbalance. This candle body has to be inside of the two candles |
371 | 00:33:14 --> 00:33:19 | surrounding it when it's surrounded by a volume imbalance on both sides. So as I |
372 | 00:33:19 --> 00:33:27 | told you yesterday, you would note that by encompassing the first to the second, |
373 | 00:33:27 --> 00:33:36 | and then draw that out in time like this. Okay, so this is a specific PD |
374 | 00:33:36 --> 00:33:41 | array, and we can use this information now I'm going to take that off, and |
375 | 00:33:41 --> 00:33:45 | we're going to go back and add the drawings. And now in this area, I'm |
376 | 00:33:45 --> 00:33:56 | going to add it back like this, and then I'm also going to add the Fibonacci so I |
377 | 00:33:56 --> 00:34:01 | can put the quadrants on it, because we grade everything in ICT grading is where |
378 | 00:34:01 --> 00:34:09 | we take a imbalance or a price range and we put it in a measurement of Where's |
379 | 00:34:09 --> 00:34:14 | equilibrium, the halfway point and the quadrants within it. So that way we can |
380 | 00:34:14 --> 00:34:18 | anticipate we're not reacting to some kind of thing in the future, we |
381 | 00:34:18 --> 00:34:23 | anticipate PV arrays forming around these quadrant levels. Oh, what does |
382 | 00:34:23 --> 00:34:28 | that mean? Well, you're about to find out. So if, if you put the fib on |
383 | 00:34:35 --> 00:34:42 | the low to the high, and then you add the |
384 | 00:34:51 --> 00:34:59 | quadrants, and I'm going to thicken this up a little bit, make them a little. |
385 | 00:34:59 --> 00:35:12 | Obnoxious. ICT, something obnoxious from him, no. So we have this area I |
386 | 00:35:12 --> 00:35:15 | mentioned yesterday in a live stream. Okay, and it's, it's towards the |
387 | 00:35:15 --> 00:35:18 | beginning when we were still talking about the daily chart. So you can go |
388 | 00:35:18 --> 00:35:23 | back and find it. It's there. But this portion of that is something I didn't |
389 | 00:35:23 --> 00:35:28 | cover yesterday because I was trying to get through the this stuff, until we got |
390 | 00:35:28 --> 00:35:33 | into reading the real price action live. But now I can go back into a one minute |
391 | 00:35:33 --> 00:35:33 | chart, |
392 | 00:35:41 --> 00:35:46 | and we're going to go over to Asia last night. |
393 | 00:35:52 --> 00:35:57 | All right, so using the PBA rate that I outlined in live stream yesterday, not |
394 | 00:35:57 --> 00:36:01 | cherry picking, not foreign fitting, not trying to find something to justify, |
395 | 00:36:01 --> 00:36:04 | because ICT has something to always explain, something so it can look right. |
396 | 00:36:04 --> 00:36:07 | It just so happens that I'm so fucking good that I look right all the time. |
397 | 00:36:07 --> 00:36:10 | That's there. That's the problem. It says this figure you already complex. |
398 | 00:36:11 --> 00:36:14 | For people, you have that problem. It's something for you to work out. But here |
399 | 00:36:14 --> 00:36:20 | is the details. Here is the high. And before I did the trade, I went to my |
400 | 00:36:20 --> 00:36:26 | private mentorship students on Tom and said, and I take 20,002 87 now that's no |
401 | 00:36:26 --> 00:36:30 | different from me being on Twitter when I used to go note this level. So what |
402 | 00:36:30 --> 00:36:35 | I'm indicating is that's where my focus is at that given moment. I want to see, |
403 | 00:36:35 --> 00:36:41 | does the market provide me some kind of framework? Does it run to a pool of |
404 | 00:36:41 --> 00:36:47 | liquidity? Does it run to an inefficiency that is a discount? That's |
405 | 00:36:47 --> 00:36:52 | what this that's what's implied by that I have to see the setup form in price |
406 | 00:36:53 --> 00:36:59 | around the time of day that it should form. So if I'm anticipating not |
407 | 00:36:59 --> 00:37:06 | reacting, if I'm anticipating a run to take out this liquidity or just to |
408 | 00:37:06 --> 00:37:09 | simply reprice to it, which is all I want to do, because I want to get to bed |
409 | 00:37:09 --> 00:37:15 | last night kind of early. And Asia for the working class heroes, like in the |
410 | 00:37:15 --> 00:37:19 | United States, if you can't trade any New York session because you're working, |
411 | 00:37:19 --> 00:37:23 | or you can't get up early enough from London because you have to go to work |
412 | 00:37:23 --> 00:37:30 | and work prevent you from having sleep deprivation. Or you're at work and you |
413 | 00:37:30 --> 00:37:34 | can't trade a pm session or the lunch hour in New York. So what does that |
414 | 00:37:34 --> 00:37:41 | mean? You're kind of like limited just to Asia, right? And today I'm going to |
415 | 00:37:41 --> 00:37:44 | talk about this will be the last thing I'm talking about before I close the |
416 | 00:37:44 --> 00:37:49 | stream out. But I'll teach about Asia and when to anticipate Asia setups that |
417 | 00:37:49 --> 00:37:54 | you can go in and at least reasonably expect that you'll have something that |
418 | 00:37:54 --> 00:37:58 | you can trade and it's favorable. Not every single day in Asia is something |
419 | 00:37:58 --> 00:38:02 | good. Okay, so I'll kind of give you the talking points for that today, and then |
420 | 00:38:02 --> 00:38:06 | close the stream out with that. We're going to be together here till probably |
421 | 00:38:06 --> 00:38:10 | 1030 so like I told you this, these are going to be the longest ones of all of |
422 | 00:38:10 --> 00:38:14 | the 2024 mentorship. But you want to learn this is what this is what it |
423 | 00:38:14 --> 00:38:19 | costs. Costs a little bit of time. So if you call on the daily chart this blue |
424 | 00:38:19 --> 00:38:25 | shaded area I drew out. That's what is represented by both of those volume |
425 | 00:38:25 --> 00:38:29 | imbalances, okay, from the high of the box down to the low of the box. All |
426 | 00:38:29 --> 00:38:35 | these other levels in here are just simply levels that we used yesterday in |
427 | 00:38:35 --> 00:38:39 | the live stream and or mentioned where they came from, which is the new week |
428 | 00:38:39 --> 00:38:47 | opening gap. And obviously this is the new day opening at here. Notice that in |
429 | 00:38:48 --> 00:38:55 | this price action in here, remember, this is the draw that was my interest. |
430 | 00:38:56 --> 00:39:00 | My private mentorship students know beforehand that this is what I was |
431 | 00:39:00 --> 00:39:04 | looking for. As soon as I asked on Twitter, do you need a dose? Okay, |
432 | 00:39:05 --> 00:39:08 | that's like me asking, do you want to see me do a vignette? Vignette is where |
433 | 00:39:08 --> 00:39:11 | I actually do an execution. Record it from beginning to end, and I put some |
434 | 00:39:11 --> 00:39:15 | kind of song at the time that I was either listening to or came to mind, and |
435 | 00:39:15 --> 00:39:21 | I put it on there. And it's kind of like, you know, it's my meditation. And |
436 | 00:39:21 --> 00:39:29 | some of you like it as an artwork, but I like doing it. But as soon as I said, |
437 | 00:39:29 --> 00:39:31 | you want to see a dose, I had several students say, I know you traded the |
438 | 00:39:31 --> 00:39:35 | relative equal highs, so that tells you they've been around the block with me |
439 | 00:39:35 --> 00:39:44 | for a while. So they know. So if we can see in that blue shaded box. Notice what |
440 | 00:39:44 --> 00:39:56 | happens here. Price drops down from in here they leave relative equal highs. So |
441 | 00:39:56 --> 00:39:59 | what are they doing? They're engineering liquidity. Why is that useful? Because. |
442 | 00:40:00 --> 00:40:06 | They're going to come down to clean up these smooth lows. Now, I don't have the |
443 | 00:40:06 --> 00:40:10 | time when I turn the chart on, because I went to telegram and told my group. I |
444 | 00:40:10 --> 00:40:19 | said, listen, watch the 20,002 87 level, buy side NQ and no, you cannot get in my |
445 | 00:40:19 --> 00:40:23 | telegram channel. It's just for private mentorship students. I'm not doing a |
446 | 00:40:23 --> 00:40:26 | mentorship again, ever in the future. You cannot buy your way into the group. |
447 | 00:40:26 --> 00:40:30 | I am not giving them signals. I'm not doing anything that would make you want |
448 | 00:40:30 --> 00:40:33 | to get into it. It's just us hanging around individuals that are all like |
449 | 00:40:33 --> 00:40:37 | minded, and I feel comfortable talking to them. I still have leakers in there. |
450 | 00:40:37 --> 00:40:41 | That's why I don't teach them anything extremely advanced. I come out in the |
451 | 00:40:41 --> 00:40:45 | public, and then I ask them they have questions. I predominantly will use |
452 | 00:40:45 --> 00:40:49 | their questions in my delivery on the things that I'm talking about today, and |
453 | 00:40:49 --> 00:40:53 | when I'm doing live streams, sometimes, I'll use somebody's comment in the |
454 | 00:40:53 --> 00:40:57 | YouTube comment section sometimes, but they're only going to be the ones that |
455 | 00:40:57 --> 00:41:01 | are followers of the channel. If you're not following me on the channel, I'm not |
456 | 00:41:01 --> 00:41:07 | really paying much attention to your comment. So once I posted that I was |
457 | 00:41:07 --> 00:41:14 | interested in 20,002 87 buy side and Q, I was waiting for the market to give me |
458 | 00:41:14 --> 00:41:20 | something to run on. So that means I have to wait for the manipulation. And |
459 | 00:41:20 --> 00:41:25 | this was it. They they create these relative equal highs, and they drive it |
460 | 00:41:25 --> 00:41:31 | down aggressively. This area here. Can you agree that that is absolutely too |
461 | 00:41:31 --> 00:41:36 | perfect like this is a classic example that would be in every Support and |
462 | 00:41:36 --> 00:41:41 | Resistance book. John Murphy would have this in his book, technical analysis of |
463 | 00:41:41 --> 00:41:46 | the financial markets, which is the Bible for retail trading. Every single |
464 | 00:41:46 --> 00:41:51 | one of you listening to my voice, you better have electronic PDF format or a |
465 | 00:41:51 --> 00:41:58 | hard copy of John Murphy's technical analysis of the financial markets. That |
466 | 00:41:58 --> 00:42:08 | book is the Bible for retail traders. And I am absolutely on the on the hunt |
467 | 00:42:08 --> 00:42:12 | for everything that's in that book. I want to be diametrically opposed to it. |
468 | 00:42:13 --> 00:42:17 | And when my concepts are arm wrestling anything in that book, my stuff's |
469 | 00:42:17 --> 00:42:24 | beating the living hell out of it, literally handing its ass to it so to |
470 | 00:42:24 --> 00:42:29 | understand how a retail trader thinks that book will help you, I am not |
471 | 00:42:29 --> 00:42:33 | telling you to read that book to subscribe to any of those views. 00. |
472 | 00:42:35 --> 00:42:40 | Affinity for anything in there, nothing, nothing in that book, zero is useful, |
473 | 00:42:40 --> 00:42:45 | except for knowing what it looks like through a retail perspectives mindset. |
474 | 00:42:46 --> 00:42:52 | So they will see when the market does this in this and it runs out. As soon as |
475 | 00:42:52 --> 00:42:56 | it trades above this high, what are they going to do? They're going to chase it. |
476 | 00:42:56 --> 00:43:02 | They're going to be a breakout trader. Okay? So how that would work is when the |
477 | 00:43:02 --> 00:43:06 | Mark was ticking like this and creates this little high, and as soon as this |
478 | 00:43:06 --> 00:43:11 | candle does that and closes, they're immediately going to put a buy stop |
479 | 00:43:11 --> 00:43:17 | order right there to buy on a breakout. When I'm reading price, I'm looking for |
480 | 00:43:17 --> 00:43:25 | areas where they have done that already. So here they're, they're long entered. |
481 | 00:43:26 --> 00:43:31 | I'm sorry their long has been entered on here. If they use the buy stop. So in |
482 | 00:43:31 --> 00:43:38 | this little area here, which just happens to be also yesterday's what New |
483 | 00:43:38 --> 00:43:41 | Day opening gap, which is for today's date. That's why it's dated here. Okay, |
484 | 00:43:42 --> 00:43:48 | the folks that are doing their trading view indicator, you have to use the date |
485 | 00:43:49 --> 00:43:54 | that's after the 6pm Eastern Time, whatever that date is, 6pm Eastern Time, |
486 | 00:43:54 --> 00:43:58 | that creates the new day opening gap. You have to roll your date forward one |
487 | 00:43:58 --> 00:44:02 | day, and then you've answered the things that I would say that that is now |
488 | 00:44:02 --> 00:44:06 | correct. So I can't cosign anybody, because they're not doing that yet. But |
489 | 00:44:06 --> 00:44:10 | the because, if you don't have them annotated, you're going to get lost in |
490 | 00:44:10 --> 00:44:15 | the sauce, and you can't do that. You have to know what your levels are. So |
491 | 00:44:15 --> 00:44:18 | retail would be long here, and they're feeling good about this, because |
492 | 00:44:18 --> 00:44:21 | sometimes retail traders are in profitable positions. They don't |
493 | 00:44:21 --> 00:44:24 | necessarily believe, you know what I believe, but they believe that their |
494 | 00:44:24 --> 00:44:28 | indicators, their strategy of breaking out, buying momentum, selling momentum, |
495 | 00:44:28 --> 00:44:31 | that that's the that's the secret recipe, and it's not you're just |
496 | 00:44:31 --> 00:44:37 | catching a little tailwind, but if you hold on to it too long, it'll turn back |
497 | 00:44:37 --> 00:44:43 | around on you. And what do they do? They see this, and it runs up, and they're |
498 | 00:44:43 --> 00:44:49 | hoping it's going to break out again. Here, they deny them, and anyone that |
499 | 00:44:49 --> 00:44:53 | bought on a breakout here, they're going to have their stop loss right there. So |
500 | 00:44:53 --> 00:44:56 | I have two reference points that I'm watching after I told my private |
501 | 00:44:56 --> 00:45:03 | mentorship group, 20,002 87 I'm. I want to see how it trades here, and if it's |
502 | 00:45:03 --> 00:45:06 | going to go below here, what can it reasonably go to? Well, this clear, |
503 | 00:45:06 --> 00:45:12 | obvious, actual gap. This is a common gap. Okay, so this common gap is in |
504 | 00:45:12 --> 00:45:18 | close proximity to what the original onset or |
505 | 00:45:20 --> 00:45:27 | the inception of the move, which is based on what one two equal lows. So |
506 | 00:45:27 --> 00:45:32 | retail sees this as what support. So if anyone that went long on a bond and |
507 | 00:45:32 --> 00:45:36 | breakout here, initially, their stop loss is going to be below here, because |
508 | 00:45:36 --> 00:45:41 | they see this as protection. It's being defended in their eyes, anyone that |
509 | 00:45:41 --> 00:45:45 | would have trailed their stop loss would be right below this wick. So I have to |
510 | 00:45:45 --> 00:45:51 | watch and see how does price behave? Does it go down to this level here? And |
511 | 00:45:51 --> 00:45:56 | if it goes below here, does it careen through that and dive into this? Because |
512 | 00:45:56 --> 00:46:00 | if it goes into here like that, then I know all I have to do is wait for price |
513 | 00:46:00 --> 00:46:07 | to book underneath these lows. So when it does this drop down in here, it's not |
514 | 00:46:07 --> 00:46:11 | only just going below the lows, but it's going into the upper quadrant of those |
515 | 00:46:11 --> 00:46:16 | dual volume imbalances on the daily chart. Remember, I put the Fibonacci on |
516 | 00:46:16 --> 00:46:24 | it. Let me scrunch up the chart and you'll see it the low of it, lower |
517 | 00:46:24 --> 00:46:32 | quadrant, midpoint, upper quadrant and the high. Remember, it's the two volume |
518 | 00:46:32 --> 00:46:36 | imbalances that I'm encapsulating on a daily chart. Listen to yesterday's live |
519 | 00:46:36 --> 00:46:39 | stream. When I'm talking about the daily chart, I tell you that that is how you |
520 | 00:46:39 --> 00:46:44 | look at it. Today, I'm teaching you how to refine that and get the algorithmic |
521 | 00:46:44 --> 00:46:48 | perspective of where the market's going to go based on those two individual |
522 | 00:46:48 --> 00:46:52 | volume imbalances and frame them logically. You're not going to find that |
523 | 00:46:52 --> 00:46:57 | in any else, anything else. It's not anywhere else, okay, but look what the |
524 | 00:46:57 --> 00:47:02 | price is doing. Not only is it just going below the lows, but it's going |
525 | 00:47:02 --> 00:47:08 | right to the upper quadrant of that level. So I'm anticipating, listen, I'm |
526 | 00:47:08 --> 00:47:14 | anticipating. I'm fucking predicting. I'm not reacting. I'm predicting the |
527 | 00:47:14 --> 00:47:19 | future. I'm predicting where my PD arrays are going to form. Now watch |
528 | 00:47:19 --> 00:47:22 | folks, anybody that's watching with supply and demand bullshit in their |
529 | 00:47:22 --> 00:47:25 | mind. You mind, watch really pay attention to this, because I'm going to |
530 | 00:47:25 --> 00:47:35 | smash that on the rocks. A demand zone means that there's some kind of buying |
531 | 00:47:35 --> 00:47:38 | that's taking place, some kind of propulsion higher that sent price |
532 | 00:47:38 --> 00:47:41 | higher. So they're going to react off of that when it gets back down into it. |
533 | 00:47:41 --> 00:47:44 | Well, that just goes right after right out the window, because now we're below |
534 | 00:47:44 --> 00:47:50 | these lows. So where's the demand zone? Here we're we're below all these lows. |
535 | 00:47:51 --> 00:47:58 | We traded down here. See that on the one minute chart, I highlight the volume |
536 | 00:47:58 --> 00:48:04 | imbalance right here as the down closed, candle closes, but doesn't take out that |
537 | 00:48:04 --> 00:48:10 | wick. Listen, because this is not supply and demand. Sam Sidon, take good notes, |
538 | 00:48:10 --> 00:48:14 | buddy. Take some good fucking notes. That volume ounce is the first thing I |
539 | 00:48:14 --> 00:48:20 | draw out. I know that once we get above soon as this candlestick closes, it |
540 | 00:48:20 --> 00:48:26 | opens here. My eye sees that volume imbalance as this candle sticks close |
541 | 00:48:26 --> 00:48:30 | like this. In my mind, I'm thinking, I want to see that candlestick close just |
542 | 00:48:30 --> 00:48:34 | like you're seeing it close there and leave that volume imbalance right there, |
543 | 00:48:34 --> 00:48:37 | that shade of that little box, that little draw, that rectangle. I want to |
544 | 00:48:37 --> 00:48:42 | see that stay just like that. Because when it does this, I know that when this |
545 | 00:48:42 --> 00:48:46 | candlestick, or the next candle after it would go up, it's going to come right |
546 | 00:48:46 --> 00:48:50 | back down into that level right there. Why? Why do I believe that that's going |
547 | 00:48:50 --> 00:48:56 | to happen, and why is it going to why is it going to act as a discount array? Why |
548 | 00:48:56 --> 00:49:01 | should it be bullish? Well, the liquidity over here has been purged. We |
549 | 00:49:01 --> 00:49:07 | traded down to an algorithmic price point where, if I'm going to be accurate |
550 | 00:49:08 --> 00:49:14 | about anticipating, predicting how a PVA Ray is going to form, when and how |
551 | 00:49:14 --> 00:49:19 | they're going to form, it needs to go to a level that I anticipate having a |
552 | 00:49:19 --> 00:49:23 | reaction. See, I don't trust in diagonal support and resistance, which is like |
553 | 00:49:23 --> 00:49:30 | diagonal support trend lines, diagonal resistance trend lines. I don't look at |
554 | 00:49:30 --> 00:49:35 | the market like that. I don't look at Classic support and resistance. I'm |
555 | 00:49:35 --> 00:49:38 | looking at liquidity. I'm looking at levels that you're not necessarily |
556 | 00:49:38 --> 00:49:42 | seeing in your chart. This level here, this quadrant level, none of you are |
557 | 00:49:42 --> 00:49:47 | going to see that. You're not going to see that. No other school of thought is |
558 | 00:49:47 --> 00:49:50 | going to show you this level here. It's not going to happen. That's not |
559 | 00:49:50 --> 00:49:56 | happening. Okay? So I have tools, I have resources in my repertoire that afford |
560 | 00:49:56 --> 00:50:02 | me a visibility over price that none of you have. Uh, and I'm showing this to |
561 | 00:50:02 --> 00:50:05 | you, so that way you can appreciate number one, that it's not just simply a |
562 | 00:50:05 --> 00:50:09 | down close candle that makes an order block, and it's not a demand zone, |
563 | 00:50:09 --> 00:50:14 | because a demand zone would have some kind of an anchor over here, and it's |
564 | 00:50:14 --> 00:50:20 | not we're below the lows that is not in supply and demand, and it doesn't just |
565 | 00:50:20 --> 00:50:25 | do a drop down into some random level. It's going to a level that I've outlined |
566 | 00:50:25 --> 00:50:34 | in a PD array that you saw last year yesterday. Guys, stop with the shit in |
567 | 00:50:34 --> 00:50:38 | telegram. You should be watching the live stream. Not commenting now, |
568 | 00:50:41 --> 00:50:44 | everybody's want to say, Can I join your mentorship? No, and don't fucking send |
569 | 00:50:44 --> 00:50:47 | me emails you cannot do you can't join it. I'm not doing another one in the |
570 | 00:50:47 --> 00:50:50 | future. I'm teaching mentorship right now. In case you haven't noticed, I'm |
571 | 00:50:50 --> 00:50:55 | doing it right now. It's fucking free. Why do you want to send me money? Stop. |
572 | 00:50:55 --> 00:51:00 | I'm teaching for free. It's just relaxing. And take notes. Okay, so this |
573 | 00:51:00 --> 00:51:06 | down closed candle here has a volume imbalance over top of it. The Indigo |
574 | 00:51:06 --> 00:51:16 | entry model is a run on stops order block with a volume imbalance on top of |
575 | 00:51:16 --> 00:51:22 | it. Okay, that's the Indigo entry model. That's all I'm going to say here. |
576 | 00:51:22 --> 00:51:26 | There's going to be more things to it, but I you already know what's going to |
577 | 00:51:26 --> 00:51:29 | happen. It's going to be on Instagram, it's going to be on Telegram, it's going |
578 | 00:51:29 --> 00:51:33 | to be in discord channels, it's going to be on YouTube videos, and there's going |
579 | 00:51:33 --> 00:51:36 | to be some kind of a booklet put on amazon before we get to next weekend. |
580 | 00:51:36 --> 00:51:41 | Okay? ICTs, Indigo model entry, you know, stop that shit. Okay? Because |
581 | 00:51:41 --> 00:51:46 | nobody's buying it. I'm it's not going to be taught in entirety until it gets |
582 | 00:51:46 --> 00:51:49 | in the print. But I'm showing you things that haven't been taught before. But |
583 | 00:51:49 --> 00:51:52 | there's it's leaning on logic that I've already introduced, which is what there |
584 | 00:51:52 --> 00:51:57 | has to be one of two things happening for your entry. It's going to go to |
585 | 00:51:57 --> 00:52:02 | liquidity, which we clearly see, and I think any anybody with the common sense |
586 | 00:52:02 --> 00:52:06 | can see that debt would be sell stocks below these relative equal lows, right? |
587 | 00:52:07 --> 00:52:13 | I mean, it goes without saying, but if it's not going to liquidity to create |
588 | 00:52:13 --> 00:52:19 | the long entry, it's going to go down to a discount in efficiency, which is what |
589 | 00:52:21 --> 00:52:26 | here. That's an actual common gap. So in your chart, it could be drawn out like |
590 | 00:52:26 --> 00:52:27 | this. |
591 | 00:52:33 --> 00:52:40 | That would be a reasonable expectation, assuming that these relative equal lows |
592 | 00:52:40 --> 00:52:46 | were not there. Now your question is going to be, well, how do you know not |
593 | 00:52:46 --> 00:52:49 | to buy in here? And how do you know they weren't going to just leave those |
594 | 00:52:49 --> 00:52:52 | relative equal lows here? Because sometimes you do trades and you short |
595 | 00:52:53 --> 00:52:59 | underneath relative equal highs and the trade pans out and or you'll go long in |
596 | 00:52:59 --> 00:53:03 | situations like this, where there'll be relative equal lows, and you'll get into |
597 | 00:53:03 --> 00:53:08 | a gap, and you won't be fearful getting stopped down here, because I'm teaching |
598 | 00:53:08 --> 00:53:15 | that breakdown to you right here. Okay? Because we drop down like this, and this |
599 | 00:53:15 --> 00:53:20 | swing low is sitting inside of that new day opening gap that's already enough as |
600 | 00:53:20 --> 00:53:24 | a draw. There's several factors there for the price to at least want to get |
601 | 00:53:24 --> 00:53:28 | there. But if it's going to go there to for the purpose of going below it, for |
602 | 00:53:28 --> 00:53:31 | trail, stop loss orders, for anyone that's going long on a breakout here, |
603 | 00:53:31 --> 00:53:36 | like retail traders would, to get below that, well, what's the first level? It |
604 | 00:53:36 --> 00:53:39 | would be the low The New Day opening gap, which is too insignificant for me. |
605 | 00:53:39 --> 00:53:47 | So what's below that, this common gap. Now, if this low would have went lower, |
606 | 00:53:48 --> 00:53:53 | then I'd be going along there, and it wouldn't be the Indigo entry model, or |
607 | 00:53:53 --> 00:53:57 | most likely, probably wouldn't have done it. The Indigo entry is simply an order |
608 | 00:53:57 --> 00:54:03 | block inside of liquidity with a volume imbalance on top of it. Okay, so it's, |
609 | 00:54:03 --> 00:54:09 | it's a combination of several factors, but the main thing is, it's going to |
610 | 00:54:09 --> 00:54:14 | liquidity. And I didn't, and it wouldn't have used this inefficiency here, |
611 | 00:54:15 --> 00:54:18 | because these are too smooth. So if it's going to go below this low here, it's |
612 | 00:54:19 --> 00:54:24 | going to go into this gap, which watching it did, then I simply have to |
613 | 00:54:24 --> 00:54:28 | sit and wait, wait for it to get down into this liquidity. Once it did it, I |
614 | 00:54:28 --> 00:54:32 | want to see it touch that upper quadrant on those dual volume imbalances on the |
615 | 00:54:32 --> 00:54:36 | daily chart, which I told you about yesterday. Now imagine if I wouldn't |
616 | 00:54:36 --> 00:54:39 | have told you that yesterday, this would have looked like some Mumbo, mumbo jumbo |
617 | 00:54:39 --> 00:54:44 | bullshit, right? It would have been like some contrived, made up nonsense, right? |
618 | 00:54:44 --> 00:54:48 | And that's what some of these individuals that think that what I'm |
619 | 00:54:48 --> 00:54:52 | teaching has no validity because it hasn't been any of their books. They |
620 | 00:54:52 --> 00:54:57 | don't have a hero to look up to. I'm an anti guru. I'm an anti hero. Okay, so |
621 | 00:54:57 --> 00:55:03 | I'm going to be divisive. You. But I'm teaching you the very things I'm doing |
622 | 00:55:03 --> 00:55:08 | that arrive at these stellar entries, and they're not linked to anything else. |
623 | 00:55:08 --> 00:55:15 | They're mine. They're all mine, and I'm lending them to you. Okay, you don't own |
624 | 00:55:15 --> 00:55:21 | them, so, no, I wouldn't buy in here. I want to see this trade to it and through |
625 | 00:55:21 --> 00:55:29 | it. Remember, every PD array isn't intended to stop price in its tracks. |
626 | 00:55:29 --> 00:55:35 | It's not it's not designed to do that. It's to give you intel about what to see |
627 | 00:55:35 --> 00:55:39 | in price action. If it trades below this low, I want to see it trade into this |
628 | 00:55:39 --> 00:55:44 | gap here and go right through it, like a knife through butter, hot knife right |
629 | 00:55:44 --> 00:55:47 | through butter. And it does so. So that means I know I'm going to be waiting for |
630 | 00:55:47 --> 00:55:52 | it to trade below these lows, and then where and how far below the equal lows |
631 | 00:55:52 --> 00:55:58 | am I going to reach for the upper quadrant level, and then if I get an |
632 | 00:55:58 --> 00:56:02 | order block, the down closed candle, in this case, we have the volume advanced |
633 | 00:56:02 --> 00:56:04 | on top the order block. So I'm highlighting that in the video. You |
634 | 00:56:04 --> 00:56:13 | watch me do this, and then on the 32nd chart over here, which I'm not going to |
635 | 00:56:13 --> 00:56:17 | do that here, because you have to watch the video again if you want to see me |
636 | 00:56:17 --> 00:56:22 | post the long version of that video of me executing on the YouTube channel it's |
637 | 00:56:22 --> 00:56:26 | a little bit long. I just know that when I post them like that, even when people |
638 | 00:56:26 --> 00:56:30 | speed it up to two times the regular playback speed, I know they're not going |
639 | 00:56:30 --> 00:56:34 | to watch the entire run. And that's why I don't like doing it, because it's a |
640 | 00:56:34 --> 00:56:38 | waste of my time waiting for it to compress and then upload it. So that's |
641 | 00:56:38 --> 00:56:44 | why I also do it in short form version. I speed it up and I put song on it. So |
642 | 00:56:44 --> 00:56:47 | kind of hold your attention, because everybody has Tiktok mentality. So I |
643 | 00:56:47 --> 00:56:50 | tricked the viewers into thinking they're watching a 32nd Tiktok. But |
644 | 00:56:51 --> 00:56:54 | because the music playing, whether you like the genre or not, you're either |
645 | 00:56:54 --> 00:56:58 | bitching about the music choice I've made, or you're sitting there cussing at |
646 | 00:56:58 --> 00:57:03 | saying, Oh, you've you've lost 15 times. This is the one you got, right? So I |
647 | 00:57:03 --> 00:57:06 | have to hold your attention on a video that's not monetized. So where's the |
648 | 00:57:06 --> 00:57:11 | logic behind that? Right? So as price creates the volume imbalance, and this |
649 | 00:57:11 --> 00:57:16 | candle trades up above it, I know that I'm going to see it trade back down into |
650 | 00:57:16 --> 00:57:24 | this area. Why? Why would I expect that? Because if you look real close, I'm Yes, |
651 | 00:57:24 --> 00:57:27 | this is worth paid mentorship price, and you're getting it for free. And that |
652 | 00:57:27 --> 00:57:32 | awesome. This separation between this candlesticks body and this candlesticks |
653 | 00:57:32 --> 00:57:36 | body, that's the shaded area I'm highlighting this candlestick delivery |
654 | 00:57:36 --> 00:57:45 | does what it drops and lays down a body. How with buy side delivery, see that? So |
655 | 00:57:45 --> 00:57:50 | when it does this, once the volume of bounce is created, and we're down here, |
656 | 00:57:50 --> 00:57:56 | opening on this candle down here, it trades up. So what is it doing? It's |
657 | 00:57:56 --> 00:58:01 | laying down a buy side delivery body. So now, what does it need? Now, what does |
658 | 00:58:01 --> 00:58:10 | it mean? Redelivery down into this area. Watch the executions as it's doing that |
659 | 00:58:10 --> 00:58:14 | I'm going long and as it touches in the top of the volume of bounce here, I'm |
660 | 00:58:14 --> 00:58:21 | going long again. I'm adding and then this gap I'm watching, do the bodies |
661 | 00:58:23 --> 00:58:29 | fill in and respect that area as well? So watch over here. Look, it's missing, |
662 | 00:58:29 --> 00:58:36 | buy side and sell side. The wicks, I ignore them because they do the damage. |
663 | 00:58:36 --> 00:58:39 | There's no body on this candle here. It's the open and close, the same thing. |
664 | 00:58:40 --> 00:58:44 | So I'm ignoring that entirely. My focus is primarily on the volume imbalance |
665 | 00:58:44 --> 00:58:51 | between these two. See that? So there are times when using the rules I'm |
666 | 00:58:51 --> 00:58:56 | giving you, and there'll be black and white, true, easy to follow logic. It's |
667 | 00:58:56 --> 00:58:59 | not always just this. There's other things you have to look for, but a |
668 | 00:58:59 --> 00:59:04 | volume imbalance is not simply just using two, two consecutive candles. You |
669 | 00:59:04 --> 00:59:09 | have to look at the same way I did the daily chart. Think about it. Is it not |
670 | 00:59:09 --> 00:59:15 | any? Is it any difference here? No, because the body of this candle is the |
671 | 00:59:15 --> 00:59:21 | open and the close. So what is it? There is no body the low of the low of the |
672 | 00:59:21 --> 00:59:24 | candle and the high of the candle here, and then the open and close is the same |
673 | 00:59:24 --> 00:59:29 | price. So if you use the open or the closed and refer to it as the body of |
674 | 00:59:29 --> 00:59:34 | that candle, is that still? Is it still? Same thing you're seeing when I talked |
675 | 00:59:34 --> 00:59:38 | about yesterday, where you have a volume and balance between this candle sticks |
676 | 00:59:38 --> 00:59:41 | close and the open of this candle, that's a volume imbalance. It would look |
677 | 00:59:41 --> 00:59:49 | like this. Technical science, see that volume and balance, and then the other |
678 | 00:59:49 --> 00:59:57 | one would be this, yeah, how about that? That's a volume imbalance. But I'm |
679 | 00:59:57 --> 01:00:00 | teaching you to don't even look at like that. This is how you. Got it for real. |
680 | 01:00:02 --> 01:00:06 | Okay, so the algorithm is ignoring this candlestick entirely and focusing on |
681 | 01:00:06 --> 01:00:09 | this. That's what it that's the reference point. That's the array it |
682 | 01:00:09 --> 01:00:16 | refers back to. And you can see the bodies, I'm sorry, the price action in |
683 | 01:00:16 --> 01:00:22 | here. We wick outside that. Yes, but look what this does, hammers it here, |
684 | 01:00:22 --> 01:00:30 | comes back up, rallies away. So what is it doing? We have an absence of buy side |
685 | 01:00:30 --> 01:00:35 | and sell side, delivery on, on the body's perspective. We have wicks in |
686 | 01:00:35 --> 01:00:38 | here, but we have an actual gap between this candle sticks low and this candle |
687 | 01:00:38 --> 01:00:45 | sticks high. So there's a real separation or real common gap. That's |
688 | 01:00:45 --> 01:00:48 | not my term. That's just what it is generically, when there's no trading in |
689 | 01:00:48 --> 01:00:54 | there, that is a real liquidity void. By definition, this is a liquidity void, |
690 | 01:00:54 --> 01:01:01 | okay? This drop down is not a liquidity void. This is a liquidity void because |
691 | 01:01:01 --> 01:01:07 | there's no there's no printed mark to market orders executed between this |
692 | 01:01:07 --> 01:01:13 | candlesticks high and this candlesticks low. So that makes this a real liquidity |
693 | 01:01:13 --> 01:01:18 | void or common gap. Okay, well, if you look what happens over here, we have |
694 | 01:01:18 --> 01:01:22 | sell side delivery through that, and then we have buy side delivery through |
695 | 01:01:22 --> 01:01:28 | that. See that big, huge paradigm shift. Ready? Watch this. It's missing both buy |
696 | 01:01:28 --> 01:01:31 | side and sell side delivery between these two candlesticks, points high and |
697 | 01:01:31 --> 01:01:36 | low respectively. Sell side delivery. Think about that paint roller analogy. |
698 | 01:01:37 --> 01:01:40 | You have paint on your roller, and you're applying it to the wall, and you |
699 | 01:01:40 --> 01:01:45 | draw the roller down, so you have really good supply of paint in that little |
700 | 01:01:45 --> 01:01:50 | white shaded area. Now you're going to start rolling the paint roller back up. |
701 | 01:01:50 --> 01:01:54 | And you see that happen on this candle. You see that so between this candle |
702 | 01:01:54 --> 01:01:58 | portion here on the down close and this candlestick right here on the up close, |
703 | 01:01:59 --> 01:02:07 | price has been offered both directions. It's offered sell side delivery and buy |
704 | 01:02:07 --> 01:02:15 | side delivery. This little area now is become balanced, but what can still |
705 | 01:02:15 --> 01:02:23 | happen with the wicks, they can do the damage. So you have to refer back to |
706 | 01:02:23 --> 01:02:26 | that volume and bounce in its true form, which is here. |
707 | 01:02:28 --> 01:02:33 | See that? Now, I already know there's about 90% of you saying, fuck this shit. |
708 | 01:02:33 --> 01:02:37 | This is too complicated. I didn't get the algebra. I quit school. I didn't |
709 | 01:02:37 --> 01:02:40 | graduate. This is bullshit. Trying to learn this man. Fuck this guy. I |
710 | 01:02:40 --> 01:02:44 | understand. I understand. I'm not teaching precision to everyone. It's |
711 | 01:02:44 --> 01:02:49 | only for the strong you want to pick trades like I showed last night, what I |
712 | 01:02:49 --> 01:02:49 | showed here. |
713 | 01:03:00 --> 01:03:08 | Look at them. Look at those executions. You see any market replay up here? Okay, |
714 | 01:03:09 --> 01:03:15 | that was done with live data. Live, not Memorex. So to me like, What the fuck |
715 | 01:03:16 --> 01:03:30 | some Memorex, the the delivery in between these two price points here, you |
716 | 01:03:30 --> 01:03:34 | want world class trading. You want world class executions. You can learn it from |
717 | 01:03:34 --> 01:03:38 | me, but it requires this. You don't want to put this kind of level of work ethic |
718 | 01:03:38 --> 01:03:42 | behind it and try to study you're never going to get it. You don't need this to |
719 | 01:03:42 --> 01:03:47 | be profitable. Don't mistake what I'm showing you here. You can make very |
720 | 01:03:47 --> 01:03:52 | simple bread and butter income. And never, ever, ever go into this degree of |
721 | 01:03:52 --> 01:03:56 | technical science, and it gets further deep in the rabbit hole than this stuff |
722 | 01:03:56 --> 01:04:03 | like this is still nothing. But if you want to go to the degree of world class |
723 | 01:04:03 --> 01:04:08 | execution and seeing setups that the average bear in the industry isn't going |
724 | 01:04:08 --> 01:04:12 | to recognize or even anticipate, they wouldn't even know how to react to this |
725 | 01:04:12 --> 01:04:16 | type of trade, like they wouldn't even know how to do it. And I'm nailing it |
726 | 01:04:16 --> 01:04:22 | down. I'm nailing it down. You have to study what I'm teaching you. So the cell |
727 | 01:04:22 --> 01:04:26 | side delivery here in this small, little white box. Okay, what I'm talking about |
728 | 01:04:26 --> 01:04:30 | specifically is see the top of the white box here, look at where the black down |
729 | 01:04:30 --> 01:04:35 | close candle touches that upper portion of that white area to the lower area, |
730 | 01:04:36 --> 01:04:41 | that segment of the Black Candle, coupled with this up close candle here, |
731 | 01:04:41 --> 01:04:46 | this portion of the white area when it touches it and trades up to the high end |
732 | 01:04:46 --> 01:04:54 | of it, right there, at that moment, this little area has become what does it say? |
733 | 01:04:54 --> 01:05:01 | Has become balanced, but what can happen still is. The wicks can do the damage. |
734 | 01:05:01 --> 01:05:07 | That means it can color outside of that white box. But look closely, even though |
735 | 01:05:07 --> 01:05:11 | that we go back to that reference points of of the actual volume imbalance here, |
736 | 01:05:12 --> 01:05:16 | my eye is watching all these things. I don't need to draw the lines. My eyes |
737 | 01:05:16 --> 01:05:20 | keying up on what I just showed you, relative to this candlestick here and |
738 | 01:05:20 --> 01:05:26 | this candlestick here, which tells me that when this candlestick here opens |
739 | 01:05:27 --> 01:05:33 | and it trades down, I know that this is just a wick. It's not going to close |
740 | 01:05:33 --> 01:05:37 | down like that. It's going to open here, trade down and come right back up, and |
741 | 01:05:37 --> 01:05:42 | then it closed high. Where's the body stopping at it's inside of this little |
742 | 01:05:43 --> 01:05:48 | separation over here. It's on the high end of it. And then the next candle here |
743 | 01:05:48 --> 01:05:52 | we open, we trade down and stop dead in its tracks right to the tick over here. |
744 | 01:05:53 --> 01:05:57 | What's this? Candlesticks? Uh, closing price. You're going to look up at this |
745 | 01:05:58 --> 01:06:09 | upper value here, okay, 20,000 to 29.50 so 2950 okay, what's the low of this |
746 | 01:06:09 --> 01:06:15 | candlestick here? You're gonna look right here. Look at that value. What's |
747 | 01:06:15 --> 01:06:18 | that candlesticks low? 2950 |
748 | 01:06:20 --> 01:06:23 | to the fucking tick, to the tick. |
749 | 01:06:25 --> 01:06:31 | You awake now? Now you're sorry I got that audio pics, aren't you? Oh shit. |
750 | 01:06:31 --> 01:06:35 | It's fucking delicious. So when we see it trade down like that, what is it |
751 | 01:06:35 --> 01:06:40 | doing? It's doing the damage outside of this area that's been rebalanced with |
752 | 01:06:40 --> 01:06:47 | this candlestick here, but now let's go back in and see what it's done. Once you |
753 | 01:06:47 --> 01:06:50 | understand what you're looking for, you don't have to have the annotations on |
754 | 01:06:50 --> 01:06:53 | your chart. Your eye will just go to these things. But see how the body stops |
755 | 01:06:53 --> 01:06:58 | and rests on top that white box. And the body stays above that white box. It only |
756 | 01:06:58 --> 01:07:02 | does the damage to the downside, stopping out anyone that wants to trail |
757 | 01:07:02 --> 01:07:10 | a stop loss up if they're absolutely long and think about it. Think watch the |
758 | 01:07:10 --> 01:07:20 | recording as the market's dropping down with that wick. I'm buying it. Think I'm |
759 | 01:07:20 --> 01:07:24 | not worried about that thing careening down here lower, taking out what you |
760 | 01:07:24 --> 01:07:29 | might think is relative equal loads. I'm looking at how it took the liquidity out |
761 | 01:07:31 --> 01:07:40 | over here inside of a macro what. What would you say there? What time is this |
762 | 01:07:40 --> 01:07:49 | drop. When's it occurring? We're up here at 810 so we're in the last portion of |
763 | 01:07:49 --> 01:07:55 | that 750, to 810, macro. So where's the liquidity? Well, what has just happened? |
764 | 01:07:56 --> 01:08:00 | We left these relative equal lows here. So on this candle, we start doing what |
765 | 01:08:01 --> 01:08:06 | spooling? Remember that I give you a time window. That means it's going to |
766 | 01:08:06 --> 01:08:09 | start. It doesn't mean your trade goes to target there. It just means that it |
767 | 01:08:09 --> 01:08:13 | starts to spool. Spool for what? ICT, what does that mean? It means price is |
768 | 01:08:13 --> 01:08:24 | going to run in a direction to a inefficiency, above or below and or to a |
769 | 01:08:24 --> 01:08:28 | pool of liquidity above or below market price. So what has happened at that |
770 | 01:08:28 --> 01:08:36 | point? Look to your left. Retail bought a breakout. Retail trusts these relative |
771 | 01:08:36 --> 01:08:39 | equal lows. They think that's support, so the macro is going to go down and |
772 | 01:08:39 --> 01:08:49 | cannibalize them. Stop draws right to my level, upper quadrant, dual volume |
773 | 01:08:50 --> 01:08:56 | imbalances on the daily chart, dual volume imbalances on a one minute chart, |
774 | 01:08:56 --> 01:09:02 | same logic, same things going on here, okay, but when it trades down and |
775 | 01:09:02 --> 01:09:08 | creates this down close candle, I want to be trading inside of this, open to |
776 | 01:09:08 --> 01:09:13 | its high or the wick this little area in here, that is my order block. That's my |
777 | 01:09:13 --> 01:09:19 | that's my prized entries. I want to have my entries thrown in anywhere inside of |
778 | 01:09:19 --> 01:09:29 | this. I Yes, this is the watering hole, and I'm the cheetah and I'm running down |
779 | 01:09:31 --> 01:09:39 | my dinner. I know that the market's going to offer time and price inside |
780 | 01:09:40 --> 01:09:45 | that little, that little white area. So when price is in that area, I'm trying |
781 | 01:09:45 --> 01:09:49 | to capitalize by going long in it. And then I'm using this balanced price range |
782 | 01:09:49 --> 01:09:58 | here that was a former common gap. I'm seeing the signatures that this is |
783 | 01:09:58 --> 01:10:02 | exactly what it should do here. So. Anything on the downside. I wanted to |
784 | 01:10:02 --> 01:10:05 | add one more when it was trading down in here, but I had enough. I was like, |
785 | 01:10:05 --> 01:10:09 | Okay, it's good enough. And then I set everything in motion. I added the |
786 | 01:10:09 --> 01:10:13 | annotations for the minor buy side of the coding pools. And then rally. Look |
787 | 01:10:13 --> 01:10:19 | at the delivery here. Look at that. Look at this candlestick over here. What's |
788 | 01:10:19 --> 01:10:23 | this candlesticks low? You're going to look at this value right here at the top |
789 | 01:10:23 --> 01:10:32 | of the chart. Look at this candle. Slow, 20,002 31.50 so 231, and a half. What's |
790 | 01:10:32 --> 01:10:38 | this candle? Sticks low here. 20,002 31 and a half folks. Listen, listen, |
791 | 01:10:38 --> 01:10:43 | listen. Sam Sidon would fucking love it, if he could have fucking had something |
792 | 01:10:43 --> 01:10:47 | that told you that Elliot wave wished the fuck he could fucking talk to you |
793 | 01:10:47 --> 01:10:50 | with this language. He wished he could have. He's still in the fucking beach. |
794 | 01:10:50 --> 01:10:54 | He's waiting for the right wave. I'm riding every fucking wave, every fucking |
795 | 01:10:54 --> 01:10:59 | wave, buying and selling, up down, up down. I can do it all day long, but it's |
796 | 01:10:59 --> 01:11:04 | based on things that are not in your bullshit books. It's something that's |
797 | 01:11:04 --> 01:11:12 | going on behind the scenes. Okay, you never, ever, ever see anybody. Yeah. ICT |
798 | 01:11:12 --> 01:11:16 | is talking about a gap. There's always been guests. He said, like he invented a |
799 | 01:11:16 --> 01:11:22 | gap. I didn't invent that gap. I codified the concept of trading that gap |
800 | 01:11:22 --> 01:11:27 | even after it's been filled in to a precision level degree that nobody's |
801 | 01:11:27 --> 01:11:34 | ever touched on. So yeah, I'm the daddy, so we rally up and what do we go back |
802 | 01:11:34 --> 01:11:40 | into New Day opening gap for today, October 1. Where's the body start right |
803 | 01:11:40 --> 01:11:44 | at the low of the new day you can get and then it trades up, closes above it, |
804 | 01:11:44 --> 01:11:48 | and then we open here, and where's the logo, down to the low of the new day you |
805 | 01:11:48 --> 01:11:54 | can get see it. Look at that. That's perfect, folks. And you're sitting here |
806 | 01:11:54 --> 01:11:58 | looking for harmonic patterns. You're looking for indicators, open, high, low |
807 | 01:11:58 --> 01:12:04 | and close and the time of the day, that's your indicators. That's all you |
808 | 01:12:04 --> 01:12:08 | need. You don't need anything. Now I dress up my chart to show you these |
809 | 01:12:08 --> 01:12:11 | things, because I have to be able to draw your attention to what frame of |
810 | 01:12:11 --> 01:12:17 | reference I'm using. I don't have all this stuff on my charts because, number |
811 | 01:12:17 --> 01:12:22 | one, it takes time to draw this bullshit out, because I'm using a 15 second |
812 | 01:12:22 --> 01:12:27 | chart, think about how many things you can do inside of 15 seconds. I'm first. |
813 | 01:12:27 --> 01:12:31 | I'm reading the price action. I'm matching what I know algorithmically to |
814 | 01:12:32 --> 01:12:35 | what I've taught you as a language. And I'm waiting for the language talking |
815 | 01:12:35 --> 01:12:38 | point, which is the PD array, to appear in a chart, so that way I can draw your |
816 | 01:12:38 --> 01:12:41 | attention to it. But I already know where the PD arrays are going to form, |
817 | 01:12:42 --> 01:12:46 | like I already know where they're going to be. That's the part that you don't |
818 | 01:12:46 --> 01:12:50 | understand. That's the part that I'm going to allow you to understand. That |
819 | 01:12:50 --> 01:12:53 | that is me being absolutely fucking arrogant, because I know something |
820 | 01:12:53 --> 01:12:57 | you're never going to learn. The closest thing I can take you to is what I've |
821 | 01:12:57 --> 01:13:02 | taught you in this language. My PD arrays are going to get you as close as |
822 | 01:13:02 --> 01:13:09 | I possibly can without divulging what I'm not willing to teach you. And for |
823 | 01:13:09 --> 01:13:13 | some of you, that is a big sticking point, and you want to say I can't be |
824 | 01:13:13 --> 01:13:16 | mentored by you because you're not being honest, you're not being upfront with |
825 | 01:13:16 --> 01:13:21 | me, you're hiding things from me. I'm not hiding everything. I'm hiding what I |
826 | 01:13:21 --> 01:13:27 | have to hide. But I'm teaching you everything you need. And more, like you |
827 | 01:13:27 --> 01:13:31 | don't need to know this, this entry model, like you don't need to know these |
828 | 01:13:31 --> 01:13:35 | things here. You don't need to know that this is simply optimal, optimal trend |
829 | 01:13:35 --> 01:13:39 | entry, uh, was sufficient enough. The silver bullet was sufficient enough. The |
830 | 01:13:39 --> 01:13:44 | model 2022, was sufficient enough. So and now Caleb has a model. You first |
831 | 01:13:44 --> 01:13:49 | presented Fairbank gap between 930 and 10 o'clock, then using it with a bias |
832 | 01:13:49 --> 01:13:55 | for for one trade in the session in the morning, like I could do this every |
833 | 01:13:55 --> 01:13:58 | single day the rest of my life. And it'll be a unique model. And never |
834 | 01:13:58 --> 01:14:03 | overlap. It'll never ever ever overlap. There's never any overlapping. There's |
835 | 01:14:03 --> 01:14:11 | three constants to every one of my models, though you ready time, why |
836 | 01:14:11 --> 01:14:16 | should price move? Why did price move? Those are two questions as it relates to |
837 | 01:14:16 --> 01:14:24 | time. It's going up for inefficiency or buy side. What's going down for |
838 | 01:14:24 --> 01:14:30 | inefficiency or sell side? That's it. Those are the three primary core content |
839 | 01:14:31 --> 01:14:36 | principles of every single price action model that I have, or every execution or |
840 | 01:14:36 --> 01:14:41 | every idea about getting into a trade. Those three primary pillars, they're |
841 | 01:14:41 --> 01:14:45 | always in every single one of them, but not every single one of those models are |
842 | 01:14:45 --> 01:14:52 | going to operate and execute on the same basis. Let me ask you this. What would |
843 | 01:14:52 --> 01:14:59 | it be like for you to say, Wow, I like these, these common gaps here, like this |
844 | 01:14:59 --> 01:15:03 | and. I like that, because it makes sense. I can see it's not ambiguous at |
845 | 01:15:03 --> 01:15:09 | all. It's a real, actual gap. And if I'm bullish, I can wait for confirmation |
846 | 01:15:09 --> 01:15:12 | when the market trades above it. I'm going to try to just go in there and get |
847 | 01:15:12 --> 01:15:16 | an entry there, and then I'll use a stop loss based on the lowest low, and that |
848 | 01:15:16 --> 01:15:21 | would be my model entering in this area here, once we trade above it, this next |
849 | 01:15:21 --> 01:15:25 | candle, we trade into it, so you'd be filled there, and your stop also be |
850 | 01:15:25 --> 01:15:31 | below. Okay, it's only what 13 handles. That's not big, that's not a large stop. |
851 | 01:15:31 --> 01:15:36 | But what would what would prevent you from using that as your model? Nothing |
852 | 01:15:36 --> 01:15:40 | except for you deciding that's what your model is. Is it a bad model? Absolutely |
853 | 01:15:40 --> 01:15:45 | fucking not. It's a wonderful model. It's a wonderful entry mechanism. Entry |
854 | 01:15:45 --> 01:15:52 | mechanism, stellar. But it's not sexy. It doesn't have a cool name around it. I |
855 | 01:15:52 --> 01:15:54 | don't have a video where I'm playing music around it and I'm showing a |
856 | 01:15:55 --> 01:16:00 | $20,000 win off of using it. But it had its place in what I did last night. |
857 | 01:16:01 --> 01:16:07 | It had its place in it. And my focal points is what I'm showing you here. You |
858 | 01:16:07 --> 01:16:11 | all want to see these books in your hands, and you want to learn from them. |
859 | 01:16:11 --> 01:16:15 | I'm giving you more detail than I'm going to be able to put in those books. |
860 | 01:16:15 --> 01:16:18 | The books are just going to be this, this, this, this, but if you don't know |
861 | 01:16:18 --> 01:16:23 | the things I'm teaching on this YouTube channel, that book that you first |
862 | 01:16:23 --> 01:16:27 | acquire is not gonna feel like it's taught you much. It's gonna feel like |
863 | 01:16:27 --> 01:16:31 | it's something's missing. Yeah, the missing part is you haven't gone through |
864 | 01:16:31 --> 01:16:35 | my lectures here it's gonna it's gonna take you right back to this YouTube |
865 | 01:16:35 --> 01:16:38 | channel. So why are you rushing me to get those books? They're pissing me off |
866 | 01:16:38 --> 01:16:43 | about the covers I want my cover the way I want it, and they're trying to argue |
867 | 01:16:43 --> 01:16:45 | with me about, you know, what they want to sell it for, what they want to make |
868 | 01:16:45 --> 01:16:50 | on it, and the cost it's going to be my way, my way, or I'm going to go to |
869 | 01:16:50 --> 01:16:54 | different publishers. Simple So, and that's another reason why I keep saying |
870 | 01:16:54 --> 01:16:58 | publicly that don't buy my books, because I want them to see I would give |
871 | 01:16:58 --> 01:17:01 | a fuck about making money off of books. That's not why I'm doing it, and push |
872 | 01:17:01 --> 01:17:04 | comes to shove, I'll self publish it. Don't give a fuck. But the point is |
873 | 01:17:04 --> 01:17:12 | this, when we're looking for trades, one of two things have to happen at the time |
874 | 01:17:12 --> 01:17:16 | of day that it should so excluding time, because that's the first factor, |
875 | 01:17:16 --> 01:17:22 | obviously, is price going to an inefficiency? Well, this one here was to |
876 | 01:17:22 --> 01:17:27 | see if it wants to go through it first. And it went through it. That means that |
877 | 01:17:27 --> 01:17:30 | I can wait now comfortably that we're going to get below these relative equal |
878 | 01:17:30 --> 01:17:38 | lows right here. How far below it? Upper quadrant of the dual volume of balance |
879 | 01:17:38 --> 01:17:43 | on the daily chart that I taught you yesterday. Wait for the down closed |
880 | 01:17:43 --> 01:17:48 | candle to form, laying over top of the upper quadrant. That is the qualifier. |
881 | 01:17:48 --> 01:17:53 | That's the thing that I trusted about it. How do you know that it wasn't going |
882 | 01:17:53 --> 01:17:57 | to keep going lower? It could have, they could have went lower and could have |
883 | 01:17:57 --> 01:18:00 | stopped me out. No problem. Then I would have waited for something up here to get |
884 | 01:18:00 --> 01:18:06 | long on. I knew by them dropping it here like this, that was them just upsetting |
885 | 01:18:07 --> 01:18:11 | the smooth area over here, because retail sees that and trusts it as |
886 | 01:18:11 --> 01:18:16 | support. And they mean that means they they have orders underneath there, and |
887 | 01:18:16 --> 01:18:20 | the orders that run underneath there, I waited for them to get engaged, and then |
888 | 01:18:20 --> 01:18:26 | this candlestick right here. Soon as we crossed this candlesticks open that |
889 | 01:18:26 --> 01:18:30 | movement right there. I don't need it to close there either. As soon as it did |
890 | 01:18:30 --> 01:18:36 | that, that validates this as a bullish order block. Okay, I don't need it to |
891 | 01:18:36 --> 01:18:39 | trade above the candlestick, to be an engulfing candle. That's what makes a |
892 | 01:18:39 --> 01:18:43 | order block. It's Oct bullshit. You guys know what the fuck you're talking about. |
893 | 01:18:43 --> 01:18:47 | An order block is validated when you have other factors around the idea that |
894 | 01:18:47 --> 01:18:52 | the market should turn. I already anticipate the market turning. I'm |
895 | 01:18:52 --> 01:18:56 | already anticipating and predicting where my order block is going to form. I |
896 | 01:18:56 --> 01:18:59 | can predict where the fair value gaps are forming. I've done it in live |
897 | 01:18:59 --> 01:19:03 | streams. I've done it in executions. I've done this before. In front of you, |
898 | 01:19:03 --> 01:19:06 | you're not going to find someone else out there telling you where my PD arrays |
899 | 01:19:06 --> 01:19:10 | are going to form. That's why you got to stop listening these people if you want |
900 | 01:19:10 --> 01:19:13 | to watch them, because they're showing you how they use the information. I have |
901 | 01:19:13 --> 01:19:17 | no problem with that. I have no problem with that. But if they're out there |
902 | 01:19:17 --> 01:19:20 | trying to actively teach you my stuff, and they're selling you mentorship, they |
903 | 01:19:20 --> 01:19:25 | only teach you smart money concepts or ICT concepts. They're fucking lying out |
904 | 01:19:25 --> 01:19:29 | their ass. Okay? They're they're just winging it. They're doing the best they |
905 | 01:19:29 --> 01:19:33 | can, but they're not really teaching. They're demonstrating their correct, |
906 | 01:19:33 --> 01:19:36 | their current understanding, but they're not correct because they don't have |
907 | 01:19:36 --> 01:19:42 | everything goes along with it, and when they're losing, it's because they don't |
908 | 01:19:42 --> 01:19:46 | know everything around it and not saying I'm 100% but if I run Enigma, I'm not |
909 | 01:19:46 --> 01:19:49 | losing that. That's what I'm trying to explain to you without saying, but I'm |
910 | 01:19:49 --> 01:19:54 | gonna place this tell you if I run Enigma, not yin and yang bullshit. Okay, |
911 | 01:19:54 --> 01:20:00 | when I run Enigma, it's fucking flawless. It's up down all day long. All |
912 | 01:20:00 --> 01:20:07 | day long. I cannot use that. I cannot use that. There's no way that I can just |
913 | 01:20:07 --> 01:20:11 | go out there and just run rampant with that, because I will have visitors. |
914 | 01:20:11 --> 01:20:15 | Okay, I'm not going to have that. I'm not going to have it. So what I do is I |
915 | 01:20:15 --> 01:20:20 | take you as close as I can, and I taught you a language that gives you some of |
916 | 01:20:21 --> 01:20:27 | the information that it allows me some of it you only need one thing, one |
917 | 01:20:27 --> 01:20:31 | thing, one set up a week, and you don't need your job anymore. And most of you |
918 | 01:20:31 --> 01:20:39 | don't even realize that I'm going to hopefully guide my son, Caleb, right out |
919 | 01:20:39 --> 01:20:45 | of his working class hero job. It may take till spring, but that's what we're |
920 | 01:20:45 --> 01:20:49 | watching. Okay, we're watching this laboratory experiment. I tried it with |
921 | 01:20:49 --> 01:20:54 | Cameron. He wasn't able to do it because he's too immature. He's too video game |
922 | 01:20:54 --> 01:21:00 | minded. Caleb, admittedly, he's a little bit harder to teach because his focus is |
923 | 01:21:00 --> 01:21:07 | easily distracted, and he has attention deficit, and it's, you see how it is me |
924 | 01:21:07 --> 01:21:11 | talking. It's hard for most people to follow me because they're just not |
925 | 01:21:11 --> 01:21:15 | equipped to listen to this stuff. And I can go off on tangents for a little bit |
926 | 01:21:15 --> 01:21:19 | and come right back to it, and it's annoying, but that's just who I am, and |
927 | 01:21:19 --> 01:21:23 | I'm not gonna and I can't change. So if it's a bother, something for you, eat |
928 | 01:21:23 --> 01:21:27 | it, eat it, eat it, eat it, eat it. Okay, because nothing else I can do but |
929 | 01:21:27 --> 01:21:36 | this. But once we have the entries in here, then I simply allow the profit |
930 | 01:21:37 --> 01:21:42 | phase to unfold. That means the portion where the price starts to run in your |
931 | 01:21:42 --> 01:21:48 | favor, and you simply let it go, and it trades to the top of the dual volume |
932 | 01:21:48 --> 01:21:52 | imbalances on the daily chart, which is this area here. And then what does it |
933 | 01:21:52 --> 01:22:00 | create a volume of balance. This can act as a breakaway cap. Okay, so whenever |
934 | 01:22:00 --> 01:22:09 | you look for a level that's going to be a threshold for determining the the |
935 | 01:22:09 --> 01:22:15 | strength, okay, or the magnitude of the price run that you're a part of, you |
936 | 01:22:15 --> 01:22:18 | don't want to see it. Do something like where it just trace the top of that blue |
937 | 01:22:18 --> 01:22:22 | line there and then come back down. You don't want to see that. You want to see |
938 | 01:22:22 --> 01:22:28 | it leave and either create a buy center, balance, sell sign and efficiency, which |
939 | 01:22:28 --> 01:22:31 | is like the reverse of this big down close candle. You want to see something |
940 | 01:22:31 --> 01:22:35 | like that to the upside. And then when I see those types of things where it's |
941 | 01:22:35 --> 01:22:39 | breaking out of a higher Time Frame. PDA, right? I like to see imbalances |
942 | 01:22:39 --> 01:22:42 | created there. And then I like to see them stay open. Don't take my word for |
943 | 01:22:42 --> 01:22:46 | it. Look at every single one of my examples. You'll see that's actually |
944 | 01:22:46 --> 01:22:51 | happening all the time. I'll write down optimal if it remains unfilled. I'd like |
945 | 01:22:51 --> 01:22:56 | to see this stay unfilled. Optimal if doesn't come back and trade to hear |
946 | 01:22:56 --> 01:23:00 | something that affect I'm always drawing your attention to what you later to find |
947 | 01:23:00 --> 01:23:05 | out is a breakaway gap, okay? Or if it's in the middle of the move, it could be a |
948 | 01:23:06 --> 01:23:09 | breakaway gap, by definition, but it's half of the move, so that means it's a |
949 | 01:23:09 --> 01:23:15 | measuring gap. So that means that I have another price leg equal to whatever the |
950 | 01:23:16 --> 01:23:21 | first portion was, okay? So what would that mean? What would that look like? |
951 | 01:23:21 --> 01:23:24 | We're going to say that if you're using this logic here, with that volume of |
952 | 01:23:24 --> 01:23:29 | balance being equivalent to a measuring gap, you could do something like this. |
953 | 01:23:29 --> 01:23:35 | You can go, this is the beginning of the move. Draw your your your fib up to |
954 | 01:23:36 --> 01:23:40 | watch the I gotta drop this for a second. Watch the 50% level here. Keep |
955 | 01:23:40 --> 01:23:46 | your irate on here, on this, on this number here, okay, I'm putting that rate |
956 | 01:23:46 --> 01:23:52 | at the bottom of the gap. Oh, I'm sorry, the volume and balance right there. You |
957 | 01:23:52 --> 01:23:56 | see what I did there. That's the volume of balance that's above the dual volume |
958 | 01:23:58 --> 01:24:03 | of balance on the daily chart, 50% levels there. Okay, so that means up |
959 | 01:24:03 --> 01:24:10 | here, this would be the first leg, and the second leg is this up to here, and |
960 | 01:24:10 --> 01:24:15 | you can wait for a run to that level there. If this was a measuring it, which |
961 | 01:24:15 --> 01:24:19 | is not it just means this is a breakaway cap, which means it's a whole lot more |
962 | 01:24:19 --> 01:24:26 | move coming. So I just taught you the distinction between breakaway gap and in |
963 | 01:24:26 --> 01:24:30 | a measuring gap, but the whenever you're leaving a higher Time Frame, PD array |
964 | 01:24:30 --> 01:24:36 | when you're bullish or bearish. I always invite the opportunity to see a buy side |
965 | 01:24:36 --> 01:24:39 | of balance cell sign efficiency when it's moving higher, or a sell side |
966 | 01:24:39 --> 01:24:43 | imbalance by sign efficiency when it's moving lower, and then I like to see |
967 | 01:24:43 --> 01:24:50 | those things stay open. Why? Because if you see the market rally like this, up |
968 | 01:24:50 --> 01:24:55 | out of here to cancel any idea that anyone can say that I'm trading off a |
969 | 01:24:55 --> 01:24:59 | support and resistance classic. SNR, they would expect it to come back down |
970 | 01:24:59 --> 01:25:05 | to that level. Been treated as what resistance broken turn support, the best |
971 | 01:25:05 --> 01:25:09 | moves are going to be seen where classics and sport and resistance are |
972 | 01:25:09 --> 01:25:12 | being denied, they're not giving them a seat. Think about what I'm teaching you. |
973 | 01:25:12 --> 01:25:18 | I'm teaching you how to cannibalize less informed Street money. Why would the |
974 | 01:25:18 --> 01:25:23 | market makers? Why would the algo. Why would the street money ever get a free |
975 | 01:25:23 --> 01:25:30 | ride with VIP seating? Why would they ever be given that when it's they |
976 | 01:25:30 --> 01:25:35 | themselves that are being cannibalized like the lion doesn't stand over top of |
977 | 01:25:35 --> 01:25:38 | its prey and say, Hey, listen, do you want me to comb, comb through your hair |
978 | 01:25:38 --> 01:25:43 | and get the ticks out before I eat you? It doesn't do that just like it doesn't |
979 | 01:25:43 --> 01:25:48 | look down and apologize before it eats, it just eats. So it's not going to set a |
980 | 01:25:48 --> 01:25:57 | table for its prey. It is dinner. So I look for these signatures where retail |
981 | 01:25:57 --> 01:26:00 | would expect, Hey, okay, maybe if it goes down here, I can get it wrong. |
982 | 01:26:00 --> 01:26:03 | Elvis has left the building. Goodbye, see you later. |
983 | 01:26:05 --> 01:26:12 | Zoom, zoom, baby. So the first relative equal highs here, that's buy side. You |
984 | 01:26:12 --> 01:26:16 | can see at the actual high candles. Notice that. See how it does that. It's |
985 | 01:26:16 --> 01:26:21 | just beautiful, like I know what I'm doing, the rally above the second buy |
986 | 01:26:21 --> 01:26:26 | side imbalance. I'm sorry, the buy side liquidity pool was this one here, the |
987 | 01:26:26 --> 01:26:30 | minor this was all on the recording last night. And then just placing it right at |
988 | 01:26:30 --> 01:26:33 | that, that level here, or just before it, you can see, there's the excerpt, |
989 | 01:26:33 --> 01:26:38 | there's a little carrot popping out right down there. See that? And then |
990 | 01:26:38 --> 01:26:45 | ultimately we have the 287 level that buy side, and you can see that being |
991 | 01:26:45 --> 01:26:54 | hammered right there. See that, no market replay, okay? So when you see |
992 | 01:26:54 --> 01:27:00 | trades like that, I could have used the trailing behind the candlesticks when we |
993 | 01:27:00 --> 01:27:06 | rally above here by having the stop loss on the balance of eight contracts, I |
994 | 01:27:06 --> 01:27:10 | could trail it here and let it rally up, and every time it created a short, let |
995 | 01:27:10 --> 01:27:14 | me take the execution off real quick and explain this, and then we'll get into |
996 | 01:27:15 --> 01:27:24 | The drills today. As the market traded above here, placing the stop loss of E |
997 | 01:27:24 --> 01:27:32 | contracts there, and as it made a higher high here, rate on this. This is called |
998 | 01:27:32 --> 01:27:38 | running down equity, okay, every single time it creates a higher high, that's |
999 | 01:27:38 --> 01:27:43 | not what I want to do. There you go. Every time it made a higher high, like |
1000 | 01:27:43 --> 01:27:47 | it did here, I could take one of the eight contracts off, wait for a swing |
1001 | 01:27:47 --> 01:27:51 | high to form, and then when it trades above this swing high, take another |
1002 | 01:27:51 --> 01:27:55 | contract off. And this high here, if it takes out that, take another contract |
1003 | 01:27:55 --> 01:27:59 | off and this high here, when it breaks above that, take another contract off |
1004 | 01:27:59 --> 01:28:04 | here, the whole time trailing up the remaining balance. So that way, you're |
1005 | 01:28:04 --> 01:28:08 | strangling and choking like a noose around the neck of this trait. You're |
1006 | 01:28:08 --> 01:28:12 | getting every ounce of blood from it, squeezing it. And then finally, it would |
1007 | 01:28:12 --> 01:28:15 | eventually stop you out on whatever remaining portion you had, because |
1008 | 01:28:15 --> 01:28:18 | there's not enough swing highs here to get eight contracts all by doing |
1009 | 01:28:18 --> 01:28:23 | singles. And then ultimately it just rolls down. You would have stopped out, |
1010 | 01:28:23 --> 01:28:27 | but I I was tired. I want to get to bed last night. And then when I laid in bed, |
1011 | 01:28:27 --> 01:28:33 | I kept going on Twitter and kept going on on my private mentorship groups. So |
1012 | 01:28:33 --> 01:28:37 | But ultimately, you can see it end up becoming a market maker, sell model, |
1013 | 01:28:38 --> 01:28:40 | which is shown here. |
1014 | 01:28:47 --> 01:28:55 | Original consolidation, Smart Money reversal, low risk. Cell inside this |
1015 | 01:28:55 --> 01:29:00 | inefficiency here, first stage distribution, second stage |
1016 | 01:29:00 --> 01:29:06 | redistribution, and where's it trade down to where's it, where's it trade to |
1017 | 01:29:09 --> 01:29:13 | another level that's on my notepad, but you can see now visually, it's the high |
1018 | 01:29:13 --> 01:29:17 | of yesterday, Monday, September 30, 2024. Is first presented. Fair Value got |
1019 | 01:29:18 --> 01:29:23 | high. Holy shit. You're telling me that these inefficiencies work past the day |
1020 | 01:29:23 --> 01:29:27 | they were formed? Yeah, there's this guy calls himself ICT. I don't fucking |
1021 | 01:29:27 --> 01:29:33 | understand why he calls himself that, but he said that these gaps can last for |
1022 | 01:29:33 --> 01:29:38 | several days. Can you imagine that? Can you imagine the shock and awe, the |
1023 | 01:29:38 --> 01:29:45 | disruption in the industry if people started paying attention to that, oh, |
1024 | 01:29:45 --> 01:29:50 | shoot that guy. ICT, anyway, we're gonna take these lines off here, because we |
1025 | 01:29:50 --> 01:29:55 | don't need them. That's a distraction, and this is a distraction, and this is a |
1026 | 01:29:55 --> 01:30:03 | distraction. This is a distraction. I. And we don't need the sell side mine |
1027 | 01:30:03 --> 01:30:12 | anymore. What was that? I need that? Take this off and then wait. I don't |
1028 | 01:30:12 --> 01:30:17 | need that. These are the quadrant levels. I don't need that at all. All |
1029 | 01:30:17 --> 01:30:23 | right, so that's the business, okay? So hopefully that explained the trade. That |
1030 | 01:30:23 --> 01:30:28 | also explained Indigo entry is simply just a purge of liquidity. It's bullish |
1031 | 01:30:28 --> 01:30:32 | or bearish, and the order block that trades into the liquidity, it has a |
1032 | 01:30:32 --> 01:30:37 | volume imbalance on the top of it or below it, respective to it being bullish |
1033 | 01:30:37 --> 01:30:44 | or bearish, okay, and that's all it is. So now we're going to go to the part |
1034 | 01:30:44 --> 01:30:50 | where I have to remind you that this is not a signal service. It is not for you |
1035 | 01:30:50 --> 01:30:55 | to copy with a real account. You are going to lose today if you do everything |
1036 | 01:30:55 --> 01:30:59 | I'm going to do in front of you, everything I'm telling you that I'm |
1037 | 01:30:59 --> 01:31:05 | going to execute on. Okay, I am not promising you a positive outcome. I'm |
1038 | 01:31:05 --> 01:31:10 | not trying to trick you into a losing trade. I'm not trying to get into a |
1039 | 01:31:10 --> 01:31:15 | winning trade and say, Oh, I lost because I meant to do that. I'm |
1040 | 01:31:15 --> 01:31:20 | literally teaching how my son is to overcome his fear about executing with a |
1041 | 01:31:20 --> 01:31:25 | limit order. Because right now he's plunking down just market orders. Right |
1042 | 01:31:25 --> 01:31:29 | now he's working with a top step account. He's got, I think he said |
1043 | 01:31:29 --> 01:31:33 | $1,200 I don't know how they work. To be honest with you, they said he's at |
1044 | 01:31:33 --> 01:31:38 | $1,200 or so, and then he gets what they call funded. So I guess I don't know |
1045 | 01:31:39 --> 01:31:43 | what I don't know what that really means. I just know that Cameron's done |
1046 | 01:31:43 --> 01:31:49 | it before he got to pay out. And Caleb has the lowest account, whatever account |
1047 | 01:31:49 --> 01:31:55 | size that was, that's what he has. He only has one of them, and he's trying to |
1048 | 01:31:55 --> 01:31:59 | get funded by tomorrow. That that is his goal. I told him. I said, What happens |
1049 | 01:31:59 --> 01:32:02 | if you do it by Friday, or what if you do it by next week? What's the what's |
1050 | 01:32:02 --> 01:32:07 | the hold up? Like, what's the big deal? He's just trying to do it. So we'll see. |
1051 | 01:32:07 --> 01:32:14 | Okay, but he's had consecutive winning days, and there it is. So once, once he |
1052 | 01:32:14 --> 01:32:20 | gets it accomplished, I'll have him send me the proof of it, and then I'll I'll |
1053 | 01:32:20 --> 01:32:24 | tweet it in that way you can see it. And then he'll have, I guess, a funded |
1054 | 01:32:24 --> 01:32:33 | account. And then his goal is, he's to make his weekly salary for four weeks, |
1055 | 01:32:33 --> 01:32:38 | but when he makes it, he has to stop trading. Now imagine that right like |
1056 | 01:32:38 --> 01:32:42 | he's going to be in a position where he could potentially take money out of |
1057 | 01:32:42 --> 01:32:48 | whatever this account is, and he knows that he can do more, and he knows that |
1058 | 01:32:49 --> 01:32:55 | I'm watching him, and I'm holding him to the fire, that he has to do this. So the |
1059 | 01:32:55 --> 01:33:02 | first rule of fight club is you have to, don't talk about, don't don't talk about |
1060 | 01:33:02 --> 01:33:05 | fight club. Obviously, that's the first rule. Okay? So in trading, you don't go |
1061 | 01:33:05 --> 01:33:08 | to work and tell everybody that you're going to quit your job. You don't tell |
1062 | 01:33:08 --> 01:33:12 | Carl what you're going to do. You don't tell Carl that you're trading. You don't |
1063 | 01:33:12 --> 01:33:15 | tell Carl you just got a funded account. You don't tell Carl you just put money |
1064 | 01:33:15 --> 01:33:20 | in a real account. You keep everybody in the blind. Don't talk about it, okay? |
1065 | 01:33:21 --> 01:33:29 | And I'm teaching him to trust that with one contract, one contract, not five, |
1066 | 01:33:29 --> 01:33:36 | not 20, not 15, not 30, whatever it is they offer. One never, ever, ever, ever, |
1067 | 01:33:36 --> 01:33:41 | ever, more than one contract. I don't give a what size contract you got funded |
1068 | 01:33:41 --> 01:33:46 | with trade with one contract, one because if you can't quit your job with |
1069 | 01:33:46 --> 01:33:49 | that one contract, doing more than one contract is only thing it's going to do. |
1070 | 01:33:49 --> 01:33:52 | It's going to guarantee that you're going to blow it. You're going to have |
1071 | 01:33:52 --> 01:33:56 | more fear about the outcome of that trade, because you're trading with |
1072 | 01:33:56 --> 01:34:01 | leverage that you really can't afford to be using. So one contract retires you. |
1073 | 01:34:01 --> 01:34:06 | One contract removes you from your job, your long commutes. Caleb, one contract |
1074 | 01:34:06 --> 01:34:10 | does that. So when you feel the impulse to go into two contracts or three |
1075 | 01:34:10 --> 01:34:14 | contracts, or if you do finally get a losing trade, don't think you got to |
1076 | 01:34:14 --> 01:34:19 | correct it by doing two contracts. Just go home with a loss. It's not a problem. |
1077 | 01:34:19 --> 01:34:23 | It's not a big deal. It's easy to fix that, but you don't want to start all |
1078 | 01:34:23 --> 01:34:27 | over again and go through the process of what you've already accomplished already |
1079 | 01:34:27 --> 01:34:34 | okay? You're doing it right. Just be patient. So I'm going to type this out, |
1080 | 01:34:35 --> 01:34:42 | okay, and it's going to be a reminder to you all, okay, this is called volatility |
1081 | 01:34:42 --> 01:34:46 | pinball, meaning that what I'm going to be doing is I'm going to be buying and |
1082 | 01:34:46 --> 01:34:51 | selling with a limit order and using limit orders to exit. And we're going to |
1083 | 01:34:51 --> 01:34:54 | teach Caleb, and you're all going to learn how to do it as well, how to |
1084 | 01:34:54 --> 01:34:59 | practice with a demo account and desensitize yourself to price action |
1085 | 01:34:59 --> 01:35:06 | also. Reading, order flow, running against liquidity, trading |
1086 | 01:35:06 --> 01:35:10 | inefficiencies. Okay? You want to learn how to pick the right fair value you |
1087 | 01:35:10 --> 01:35:14 | got. You want to learn how to pick the right order block. You want to learn the |
1088 | 01:35:14 --> 01:35:20 | right draw and liquidity. This is how you do it. My books are not going to |
1089 | 01:35:20 --> 01:35:24 | help you. My videos aren't going to help you. Paying somebody else to talk about |
1090 | 01:35:24 --> 01:35:28 | my stuff, parroting it and sometimes saying it, many times saying it wrong, |
1091 | 01:35:28 --> 01:35:34 | they're not going to help you. Watching streamlined five minute trainers. Of my |
1092 | 01:35:34 --> 01:35:40 | content is not going to help you. All of that stuff is useless until you get into |
1093 | 01:35:40 --> 01:35:44 | the chart and do what I'm about to show you today, you got to press the button. |
1094 | 01:35:44 --> 01:35:49 | You have to have something engaging your attention so that way you can see it. |
1095 | 01:35:49 --> 01:35:55 | You have to feel it. Now I want you to think about something. I got 1.4 million |
1096 | 01:35:55 --> 01:35:59 | followers on YouTube. I have actually more than that, because the majority of |
1097 | 01:35:59 --> 01:36:03 | the comment section are left by people that don't follow the channel. So |
1098 | 01:36:03 --> 01:36:08 | there's a lot more people following me and watching my stuff than you see. They |
1099 | 01:36:08 --> 01:36:11 | download the videos. That's why the views aren't as high as they are. They |
1100 | 01:36:11 --> 01:36:14 | don't watch them. They download them because they're afraid I'm going to |
1101 | 01:36:14 --> 01:36:17 | delete the channels, or somebody's going to come in say, let's get this guy's |
1102 | 01:36:17 --> 01:36:22 | shit off the internet. It's making people really rich, so, I mean, you're |
1103 | 01:36:22 --> 01:36:25 | welcome to download them. I don't care. I mean, I'm putting out there for public |
1104 | 01:36:25 --> 01:36:33 | consumption, consumption anyway. But the idea is this, okay when we're looking at |
1105 | 01:36:33 --> 01:36:37 | price action, I'm going to I'm |
1106 | 01:36:45 --> 01:36:52 | to magnify this, and we're going to trade inside of every current dealing |
1107 | 01:36:52 --> 01:36:57 | range. Now this is going to chop up your account. If you try to do this with real |
1108 | 01:36:57 --> 01:37:02 | money, or if you're trying to trade this with me with a funded account, you're |
1109 | 01:37:02 --> 01:37:06 | going to get beat the fuck up. Okay, it's not about the making money, and |
1110 | 01:37:06 --> 01:37:11 | it's not about losing a little bit. It's about entering. It's about using |
1111 | 01:37:11 --> 01:37:16 | specific price points to enter and practicing and then seeing what it feels |
1112 | 01:37:16 --> 01:37:20 | like when you get into them. And over time, what will happen is you're going |
1113 | 01:37:20 --> 01:37:25 | to see a graduated improvement in what you're seeing in your chart and what |
1114 | 01:37:25 --> 01:37:30 | you're keying up on as an entry, okay? You'll see what I mean when we go |
1115 | 01:37:30 --> 01:37:34 | through the first couple of them. I'm just going to wing it. I'm just going to |
1116 | 01:37:34 --> 01:37:38 | toss it in there and say, Okay, I want to see it go to this liquidity or this |
1117 | 01:37:38 --> 01:37:42 | high or low, okay? Or this inefficiency above or below, but let me get this |
1118 | 01:37:42 --> 01:37:46 | chart set up and type out my disclaimer first, because otherwise, Yahoos are |
1119 | 01:37:46 --> 01:37:50 | going to take this and have a field day with it. But hopefully, I don't know, |
1120 | 01:37:50 --> 01:37:53 | I'm not sure how many people are actually watching right now live, but |
1121 | 01:37:54 --> 01:37:59 | hopefully you guys can appreciate what I'm doing here and what I'm explaining |
1122 | 01:37:59 --> 01:38:03 | is not for you to think as this is me taking trades to make money. That's not |
1123 | 01:38:03 --> 01:38:12 | what this is. Oh, real quick. Let me show you this. This is what I do every |
1124 | 01:38:12 --> 01:38:19 | single session. Okay? For disclosure and for compliance reasons, I am not a |
1125 | 01:38:19 --> 01:38:24 | financial advisor, okay? In the United States, I do not hold a certified trade |
1126 | 01:38:24 --> 01:38:31 | advisor license. I I'm not legally in a position to tell you how to invest your |
1127 | 01:38:31 --> 01:38:35 | money. That's why we're talking over top of a paper trading account. You see that |
1128 | 01:38:35 --> 01:38:39 | now watch what happens when I click on this. Okay? You can see that the balance |
1129 | 01:38:39 --> 01:38:46 | is 112,020 $200 okay, that's the profit from last night's Asian session trade. |
1130 | 01:38:47 --> 01:38:54 | You see the date on that right there? What I do is I'll log that. I'll put the |
1131 | 01:38:54 --> 01:38:59 | date in. I'll give any kind of reference point that's going to be a major driver |
1132 | 01:38:59 --> 01:39:05 | for the day. And because I know that if I click on this little area over here |
1133 | 01:39:06 --> 01:39:12 | and I click on chat, you're going to see trading view talking to me. Trading |
1134 | 01:39:12 --> 01:39:17 | views asked me to have a partnership and affiliate program with them. Okay, I |
1135 | 01:39:17 --> 01:39:23 | have respectfully declined. I have these already recorded in screenshot, in case |
1136 | 01:39:23 --> 01:39:26 | they delete it, so that way it never you know looks like I'm telling you |
1137 | 01:39:26 --> 01:39:30 | something that's not true or you I don't want any kind of bullshit coming from |
1138 | 01:39:30 --> 01:39:35 | it. I want to be able to use this platform, because my community has asked |
1139 | 01:39:35 --> 01:39:39 | me to use this platform. When I left MT four, I asked everybody that was my |
1140 | 01:39:39 --> 01:39:44 | community, I said, what platform would you like me to use? And they all |
1141 | 01:39:44 --> 01:39:50 | predominantly said this one. So I didn't choose this platform. My community chose |
1142 | 01:39:50 --> 01:39:57 | it for me. Now think about this. Okay, I know some of you can't get this. Some of |
1143 | 01:39:57 --> 01:40:02 | you just cannot fucking fathom why. Anybody would do this, okay, but think |
1144 | 01:40:02 --> 01:40:08 | about it logically. If you see me taking trades, okay, here's the historical tab, |
1145 | 01:40:08 --> 01:40:12 | and it's only going to show you the trades that I did last night. These are |
1146 | 01:40:12 --> 01:40:18 | the executions. Everything is here. Everything here is directly related to |
1147 | 01:40:18 --> 01:40:23 | what was shown in here. My puppy snoring like |
1148 | 01:40:39 --> 01:40:43 | that's these trades right here, okay, everything here and what I recorded and |
1149 | 01:40:43 --> 01:40:50 | shared on Twitter last night that's this. Now, what happens? What happens if |
1150 | 01:40:50 --> 01:40:56 | you work for trading view? What happens if you have the access to see my |
1151 | 01:40:56 --> 01:41:02 | account? Okay, I don't give a flying fuck if you feel this way, but this is |
1152 | 01:41:02 --> 01:41:07 | how I view it, okay? And because I have a measure of obsessive compulsive |
1153 | 01:41:07 --> 01:41:11 | disorder, I don't want this in the back of my mind, because all it's always in |
1154 | 01:41:11 --> 01:41:15 | the back of my mind. So this is exactly what I did. I'm going to show you |
1155 | 01:41:15 --> 01:41:19 | exactly what I do. I've shown this to my private mentorship group. This is |
1156 | 01:41:19 --> 01:41:24 | exactly what I do every fucking day in TradingView. I do this every single day. |
1157 | 01:41:24 --> 01:41:32 | Do you see any red here? Do you see that? No, every session, every new |
1158 | 01:41:32 --> 01:41:37 | session start. Okay, sometimes I'll see a Yahoo saying, oh, yeah, show us a |
1159 | 01:41:37 --> 01:41:42 | trade history. You reset. When I see that, I immediately say, Okay, I'm going |
1160 | 01:41:42 --> 01:41:45 | to keep the account active and I'll do another trade, so that way you can see |
1161 | 01:41:45 --> 01:41:48 | the previous session trade was still in it. And I'll delete the executions. I'll |
1162 | 01:41:48 --> 01:41:52 | go to show the s, p contract and come back to the NQ. Because if you do that |
1163 | 01:41:52 --> 01:41:56 | and you reset your account, you won't be able to pull the old executions up. They |
1164 | 01:41:56 --> 01:42:03 | just they won't be able to be retrieved. So because, and I'm gonna say this for |
1165 | 01:42:03 --> 01:42:07 | the last fucking time, and if anybody has a problem with this, you can direct |
1166 | 01:42:07 --> 01:42:10 | them to this minute mark or this video, because I don't give a fuck anymore. I |
1167 | 01:42:10 --> 01:42:15 | really I'm tired of it. I understand that a lot of people out there cannot |
1168 | 01:42:16 --> 01:42:20 | accept the fact that I know what I'm doing. And you love to say I can't |
1169 | 01:42:20 --> 01:42:24 | trade. And I love watching you type that shit out, because it literally gives me |
1170 | 01:42:24 --> 01:42:29 | a fucking raging heart on because you believe you're bullshit, and I love it. |
1171 | 01:42:29 --> 01:42:36 | But I want you to understand if there is a way that trading view can pull up all |
1172 | 01:42:36 --> 01:42:42 | of my annotations. If I can pull up, listen, if I can sign out a trading view |
1173 | 01:42:43 --> 01:42:51 | right now, and I saved, if I, if I use the the layout right now, have naked it |
1174 | 01:42:51 --> 01:42:55 | was just simply me using a brand new, fresh chart, and I marked it all up |
1175 | 01:42:56 --> 01:42:59 | based on yesterday's analysis with PAL and all that. So I did everything in |
1176 | 01:42:59 --> 01:43:06 | front of you live with all the markups. If I sign out of TradingView and I come |
1177 | 01:43:06 --> 01:43:10 | back to at a later time, a week later, these annotations that I left there are |
1178 | 01:43:10 --> 01:43:18 | going to be waiting for me. Do you think that it's reasonable to assume that |
1179 | 01:43:18 --> 01:43:24 | anyone in the right position of trading view that they can go into my charts and |
1180 | 01:43:24 --> 01:43:28 | see what annotations I have noted. It's pretty reasonable to anticipate that |
1181 | 01:43:28 --> 01:43:31 | that is likely, very likely, right, because if I can pull up the |
1182 | 01:43:31 --> 01:43:37 | information, why certainly, shouldn't they be able to do it? Now take it one |
1183 | 01:43:37 --> 01:43:44 | step further. What happens when I have an account that they have clearly seen |
1184 | 01:43:44 --> 01:43:49 | me fucking run these things up. I've proven it with my private mentorship. |
1185 | 01:43:49 --> 01:43:55 | I've ran up an account. I've showed the entire full history. I've done huge |
1186 | 01:43:55 --> 01:44:02 | fucking runs, huge runs, millions of dollars in these things. Okay, I don't |
1187 | 01:44:02 --> 01:44:06 | like the fact that they could very easily do what many of you do with your |
1188 | 01:44:06 --> 01:44:14 | funded accounts, put a trade copier on it. So I am of the the belief, and I |
1189 | 01:44:14 --> 01:44:18 | mean this in in all sincerity, but still to the point where I know it's going to |
1190 | 01:44:18 --> 01:44:22 | be nauseating to sound narcissistic and egotistical, but there is nobody on this |
1191 | 01:44:22 --> 01:44:26 | fucking planet is going to be able to trade like me. They're not going to be |
1192 | 01:44:26 --> 01:44:30 | able to trade like me, not as a consistent not as perfect as I can be as |
1193 | 01:44:30 --> 01:44:35 | I want to be. I can turn it on and turn it off, but here I'm at a disadvantage |
1194 | 01:44:35 --> 01:44:41 | because I'm inside of their realm. I'm inside their little circle, okay, and |
1195 | 01:44:41 --> 01:44:48 | they can see everything that I'm doing at the moment. So what I do is to keep |
1196 | 01:44:48 --> 01:44:53 | these motherfuckers from doing that every session. When I'm done showing an |
1197 | 01:44:53 --> 01:44:57 | example, watch what happens. Ready. I go over this little box, first little this |
1198 | 01:44:57 --> 01:45:02 | little gear thing here. Okay, I click. Going it and then I do this. Watch this, |
1199 | 01:45:02 --> 01:45:06 | right? It costs me no money at all. It's free. Watch that. Ready. Look, watch |
1200 | 01:45:06 --> 01:45:16 | what happens. Ready, it's going. It's gone. I've proven this with my private |
1201 | 01:45:16 --> 01:45:19 | mentorship students, because I've had students there to say, you know, how do |
1202 | 01:45:19 --> 01:45:23 | we know? How do we know? I'm telling you, I reset every session after I make |
1203 | 01:45:23 --> 01:45:27 | a winning trade, I delete the fucking account and start all over again. I |
1204 | 01:45:27 --> 01:45:32 | don't give anybody at TradingView the opportunity ever to copy me. And then |
1205 | 01:45:32 --> 01:45:36 | what I'll do is, because I've created a new account, I always do this, watch, |
1206 | 01:45:36 --> 01:45:41 | watch, pay close attention now, because it's reset, I go over here, and then |
1207 | 01:45:41 --> 01:45:49 | I'll go to the chart, and then I'll add this. I'll say, Okay, right now. I want |
1208 | 01:45:49 --> 01:45:54 | to go long. Don't follow me, by the way, please don't do this. I'm just telling |
1209 | 01:45:54 --> 01:45:58 | you what it is I do to keep these people from ever wanting or trusting that they |
1210 | 01:45:58 --> 01:46:04 | can copy me. I want to go along right now, so I'll buy that, and let me show |
1211 | 01:46:04 --> 01:46:10 | you the orders and stuff. Now, you might think this is a little paranoid. I'm |
1212 | 01:46:10 --> 01:46:15 | sorry if you think that way, but I know if I had access to filing somebody like |
1213 | 01:46:15 --> 01:46:20 | myself, I would fucking do it if I could, if I could put a copier account |
1214 | 01:46:20 --> 01:46:25 | on somebody like me, and I'm and I'm actively in here running mentorships and |
1215 | 01:46:25 --> 01:46:29 | proving that I could trade and I'm gonna go out with the intended purpose that |
1216 | 01:46:29 --> 01:46:34 | I'm gonna try to do. Well, if I could put a copying account on that, I'm |
1217 | 01:46:34 --> 01:46:37 | absolutely fucking gonna do it, and I would risk getting fired doing it. I |
1218 | 01:46:37 --> 01:46:42 | don't give a fuck. I don't give a fuck, because whatever this guy, ICT, is doing |
1219 | 01:46:42 --> 01:46:46 | in his account, whether demo or not, and he's making 20, 30,000 $40,000 $100,000 |
1220 | 01:46:47 --> 01:46:51 | account moves. Come on, man, if I'm leveraged up on that with a funded |
1221 | 01:46:51 --> 01:46:57 | account, I'm done. I'm the, I'm the I'm the world leader, right? I'm done. And |
1222 | 01:46:57 --> 01:47:03 | it's done inside of a month. So in my head, that's what's going on. So I have |
1223 | 01:47:03 --> 01:47:08 | to go through this process of saying, Okay, I need to throw them off. And I do |
1224 | 01:47:08 --> 01:47:13 | this that helps me. It helps me discard all these things that are very |
1225 | 01:47:13 --> 01:47:17 | distracting to me, because my mind is going 100,000 miles an hour all the |
1226 | 01:47:17 --> 01:47:20 | time. And while I'm talking to you, there's several different topics that |
1227 | 01:47:20 --> 01:47:24 | are trying to fight to get to the front of the line so I can't have anything |
1228 | 01:47:24 --> 01:47:28 | distracting me, or it's going to mess me up. I won't be able to focus like I |
1229 | 01:47:28 --> 01:47:32 | can't focus if I if I know that I'm running the same account through |
1230 | 01:47:32 --> 01:47:37 | TradingView in a demo account, I know that there's a potential for them to |
1231 | 01:47:37 --> 01:47:41 | copy me for for the purpose of just copying me with a funded account. They |
1232 | 01:47:41 --> 01:47:46 | don't have to necessarily be risking any real money. They're just risking, I |
1233 | 01:47:46 --> 01:47:51 | guess, the reset fees. But be honest for a second. Okay, sister sec, even if you |
1234 | 01:47:51 --> 01:47:55 | don't fucking like me, if you don't believe me, if you don't trust me, you |
1235 | 01:47:55 --> 01:47:58 | think I'm a fucking guy lives in a gutter somewhere or some fucking slum, |
1236 | 01:47:59 --> 01:48:05 | whatever you want to think about me. Put yourself in my position. Okay, say you |
1237 | 01:48:05 --> 01:48:09 | could actually trade this. Suspend your disbelief about whether you think I can |
1238 | 01:48:09 --> 01:48:14 | trade or not. What happens if it was you and you know you knew how to trade and |
1239 | 01:48:14 --> 01:48:21 | you could trade really, really good. Would you feel comfortable knowing that |
1240 | 01:48:21 --> 01:48:28 | anyone at this company could do it, and I would never know. I would never know. |
1241 | 01:48:28 --> 01:48:33 | You would never know. But because my mind thinks this way, it's a fucking |
1242 | 01:48:33 --> 01:48:38 | problem for me. It's a very big problem for me, which is the reason why I tell |
1243 | 01:48:38 --> 01:48:42 | all of you when you follow my live stream and I'm giving you commentary, |
1244 | 01:48:42 --> 01:48:46 | and it pans out, and you've taken live trades with that with money. Please |
1245 | 01:48:46 --> 01:48:50 | don't tell me you did that, because it fucks me all up. I don't I don't want to |
1246 | 01:48:50 --> 01:48:53 | know about that, because every single time I do something in a live stream, |
1247 | 01:48:53 --> 01:48:59 | I'm going to be worried about you. Did you over leverage? Are you? Are you |
1248 | 01:48:59 --> 01:49:05 | going to follow what I'm doing and what happens if I'm wrong? What happens if I |
1249 | 01:49:05 --> 01:49:08 | get a case of the ass and I'm like, You know what I'm gonna show this person? |
1250 | 01:49:08 --> 01:49:12 | Don't do that. You don't know what it's gonna happen. You don't know how I can |
1251 | 01:49:12 --> 01:49:16 | turn and flip. Okay, I can swing from one spectrum to the next. So to keep me |
1252 | 01:49:16 --> 01:49:21 | balanced, I do something like this. I'll go in here. No reason to get into that |
1253 | 01:49:21 --> 01:49:25 | trade. Think, tell me, tell me what, what in my repertoire tells me to be |
1254 | 01:49:25 --> 01:49:30 | long there nothing. But what I'll do is I'll put that on, and then I'll go right |
1255 | 01:49:30 --> 01:49:38 | down here, and I'll reset again, and then I'm set for the session. And then |
1256 | 01:49:38 --> 01:49:44 | I'll go in, and I'll look for my execution, for my prime mentorship, or |
1257 | 01:49:44 --> 01:49:51 | if I'm sharing something, or if I'm practicing. So that's the truth, that's |
1258 | 01:49:51 --> 01:49:57 | what I do. That's why you don't get to see the history tab. But okay, for a |
1259 | 01:49:57 --> 01:50:01 | week, the final week of our trading. Before we go into the holiday break, |
1260 | 01:50:01 --> 01:50:05 | which is the last week of this. What is that, actually? |
1261 | 01:50:10 --> 01:50:15 | So, the Halloween? No, was it the first of November? I'll give you the first of |
1262 | 01:50:15 --> 01:50:21 | November. That's our last live stream. Okay, the week of October, 28 29th 30th, |
1263 | 01:50:22 --> 01:50:28 | 31st and November 1. I will show you every single thing that happens on the |
1264 | 01:50:28 --> 01:50:36 | historical tab on on one account. Okay, so Well, that's not 30 days, that's not |
1265 | 01:50:36 --> 01:50:41 | three months, not that's not six months. I don't owe you that shit, folks, if |
1266 | 01:50:41 --> 01:50:44 | some of you honestly believe that you're entitled to something, I'm not even |
1267 | 01:50:44 --> 01:50:47 | you're not entitled to me talking to you at all right now, let alone fucking give |
1268 | 01:50:47 --> 01:50:52 | you anything else. Like you need to dial back that shit like you think that |
1269 | 01:50:52 --> 01:50:58 | you're so significant that other people, let alone me, are obligated to bend to |
1270 | 01:50:58 --> 01:51:01 | your expectations and your in your will, like, Fuck you and your will fuck you |
1271 | 01:51:01 --> 01:51:04 | and your expectations. I'm here because I want to teach my kids. That's the |
1272 | 01:51:04 --> 01:51:09 | whole reason why these videos have ever been produced. It's for them. You're |
1273 | 01:51:09 --> 01:51:15 | just fortunate enough to be listening to it. So now let's go in. Type out The |
1274 | 01:51:15 --> 01:51:16 | Disclaimer you |
1275 | 01:52:29 --> 01:52:37 | Okay, so hopefully this is going to be we're going to actually do this on one |
1276 | 01:52:37 --> 01:52:43 | chart, run that way nothing can be taken out of context with another chart, and |
1277 | 01:52:43 --> 01:52:54 | that's not what I want to do, so Let's magnify that one. All right. So that way |
1278 | 01:52:55 --> 01:53:04 | everything is here, and everybody understands now audibly one more time, |
1279 | 01:53:05 --> 01:53:10 | because I want to be able to know that I've said this ad nauseam, please, |
1280 | 01:53:11 --> 01:53:21 | please, for your own sake, do not copy me with a Live account. Please do not |
1281 | 01:53:21 --> 01:53:27 | copy me with a funded account. Combine. Please do not copy me with your funded |
1282 | 01:53:27 --> 01:53:34 | account. I promise you, if you do this, you're gonna you're gonna incur losing |
1283 | 01:53:34 --> 01:53:37 | transactions or trades, and that's gonna mean that you're gonna lose money. |
1284 | 01:53:38 --> 01:53:42 | Please don't do that. The purpose is teach my son how to place a limit order, |
1285 | 01:53:43 --> 01:53:47 | how to put the stop loss in and how to put a take profit in. So everything is |
1286 | 01:53:47 --> 01:53:53 | removing the necessity for market orders. Okay? So I'm going to change |
1287 | 01:53:53 --> 01:53:54 | this to one, |
1288 | 01:53:59 --> 01:54:03 | all right, and everything that I execute on, I'm going to keep this up here so |
1289 | 01:54:03 --> 01:54:06 | that we can see it's not Market Replay. We can see that the little button up |
1290 | 01:54:06 --> 01:54:13 | here is showing that it's the market is open. You all are here live. Okay, so |
1291 | 01:54:13 --> 01:54:17 | however many that are here, you're seeing what I'm seeing, as it happens, I |
1292 | 01:54:25 --> 01:54:31 | actually, let's do this. Let's take a water closet break. For some of you that |
1293 | 01:54:31 --> 01:54:34 | don't know what that means, it's a bathroom break. That way I can continue |
1294 | 01:54:34 --> 01:54:40 | until 1030 on unhindered. So what I'm going to do is, I'm going to type out |
1295 | 01:54:40 --> 01:54:42 | that we're taking a five minute break, |
1296 | 01:54:48 --> 01:54:53 | and we will be muted for that duration. I'm going to go or leave myself and come |
1297 | 01:54:53 --> 01:54:54 | right back, and then we'll be at it. I'm. |
1298 | 01:59:46 --> 01:59:49 | All right, appreciate you giving me an opportunity to do that. I'm sure you |
1299 | 01:59:49 --> 01:59:53 | probably took advantage of as well. Now, can you imagine the folks that was |
1300 | 01:59:53 --> 01:59:59 | copied the long up here, they're getting punished for that. Am I cruel for doing |
1301 | 01:59:59 --> 02:00:12 | it? I. Leave that up to you. Now, how do you how we do this? Let's go to a little |
1302 | 02:00:12 --> 02:00:18 | bit more data back here. And this is a 15 second chart. I'm |
1303 | 02:00:23 --> 02:00:30 | all right, and we have new day opening gap down here that could draw two. And |
1304 | 02:00:30 --> 02:00:38 | real quick, I'm going to be with you until I do 10 of these. So while I said |
1305 | 02:00:38 --> 02:00:42 | we'd be here till 1010, 30, if it requires me be here a little bit longer |
1306 | 02:00:42 --> 02:00:49 | to get 10 executions, that's how long it'll be okay. Just know that if we are |
1307 | 02:00:49 --> 02:00:57 | thinking, Caleb, that if we're bearish, if this is the market price that the |
1308 | 02:00:57 --> 02:01:01 | market you're trading, which is managed that like right now, that's the market |
1309 | 02:01:01 --> 02:01:06 | price at 241, and a half. If this is market price, and you think that it's |
1310 | 02:01:06 --> 02:01:07 | going to go to |
1311 | 02:01:13 --> 02:01:16 | this level down here, what level would that be? That'd be like an old low |
1312 | 02:01:16 --> 02:01:22 | relative equal lows inefficiency below price, or in this case, the new day |
1313 | 02:01:22 --> 02:01:27 | opening gap that could be a draw. Okay, right now we're, we're seeing it trade |
1314 | 02:01:27 --> 02:01:34 | into an inefficiency, which is this blue, blue shaded area. If this is where |
1315 | 02:01:34 --> 02:01:44 | you think price is going to go, that's your draw on liquidity. You have to know |
1316 | 02:01:44 --> 02:01:48 | where you think you're going to be wrong in the beginning, son, you're going to |
1317 | 02:01:48 --> 02:01:52 | do this wrong a lot, and it's normal, okay. You don't have to worry about it. |
1318 | 02:01:52 --> 02:01:57 | Don't make it a big thing. If you increase it to a degree of importance in |
1319 | 02:01:57 --> 02:02:00 | the beginning, you're going to think about it like that. The rest of your |
1320 | 02:02:00 --> 02:02:12 | career. This is your stop loss. You must always have one of these. You never, |
1321 | 02:02:12 --> 02:02:23 | ever, ever assume a position and not have this ever. This is your insurance |
1322 | 02:02:23 --> 02:02:28 | policy. Okay? This is the tells. This tells the market that you are admitting |
1323 | 02:02:28 --> 02:02:34 | that you're wrong, and this is a good time to be wrong, because if it goes to |
1324 | 02:02:34 --> 02:02:40 | this point, you're basically saying that if price goes from market price, and you |
1325 | 02:02:40 --> 02:02:45 | get in in the area near this but it trades up to this price point, you're |
1326 | 02:02:45 --> 02:02:50 | saying to yourself and to the market with your execution, that I am wrong |
1327 | 02:02:50 --> 02:02:55 | about my idea, and I want to be out at that price. Because if it goes to this |
1328 | 02:02:55 --> 02:03:00 | price, your belief is it could go higher and incur larger risk or loss. And this |
1329 | 02:03:00 --> 02:03:08 | is to mitigate that unrealized, exorbitant loss or blown account. So |
1330 | 02:03:08 --> 02:03:13 | this is not a bad thing. It's not to be viewed as something terrible. It's not a |
1331 | 02:03:13 --> 02:03:17 | cancer cell, okay, it's not something that you want to stay away from. It's |
1332 | 02:03:17 --> 02:03:23 | something you want to embrace. This is your shield, okay, where market price |
1333 | 02:03:23 --> 02:03:24 | is. |
1334 | 02:03:30 --> 02:03:34 | That is where we're at right now. Mark to market. That means wherever the most |
1335 | 02:03:34 --> 02:03:38 | recent tick in price is showing every time this little green box moves and |
1336 | 02:03:38 --> 02:03:44 | fluctuates. That's market price. 251, and a quarter, 251, and a half. 250, |
1337 | 02:03:44 --> 02:03:52 | even. 249 and a half, 250, even. 250 and a half. Okay, that's market price. |
1338 | 02:03:52 --> 02:04:00 | That's this. If you believe that this is your draw, you it. |
1339 | 02:04:10 --> 02:04:15 | Okay? This is essentially your target. This is what you're aiming for. Since |
1340 | 02:04:15 --> 02:04:21 | this drill is not equipped to do things like partials, it's one and done. It's a |
1341 | 02:04:21 --> 02:04:26 | full stop full target. That's it. One of the one of the two are going to happen. |
1342 | 02:04:26 --> 02:04:30 | Whichever one trips first ends that exercise, and you got to wait to do |
1343 | 02:04:30 --> 02:04:35 | another one. Okay, so if you're expecting price to draw down here, that |
1344 | 02:04:35 --> 02:04:39 | means you're bearish, you have to be able to determine where you're going to |
1345 | 02:04:39 --> 02:04:49 | frame your stop loss at that that entry point is the secondary concern, and |
1346 | 02:04:49 --> 02:04:50 | let's say that this is your entry |
1347 | 02:04:55 --> 02:05:04 | your entry price, and this will be based on a. If we're bearish, some kind of a |
1348 | 02:05:04 --> 02:05:16 | premium array. Okay, so how would you frame a setup like that? Well, when |
1349 | 02:05:16 --> 02:05:23 | we're bearish, we want to sell short when price is going up. So we're going |
1350 | 02:05:23 --> 02:05:28 | to sell on a limit. So if market price is right here, well, let's just do it |
1351 | 02:05:28 --> 02:05:33 | real quick with this. See this little gap. See a little gap right there. We |
1352 | 02:05:33 --> 02:05:39 | can go in right click on the on the platform, go to trade. Sell limit, one |
1353 | 02:05:39 --> 02:05:42 | contract right there, just above. |
1354 | 02:05:47 --> 02:05:56 | Let's move it down here. Right there's the actual high. One tick below it is |
1355 | 02:05:56 --> 02:06:04 | there. The Stop Loss gets dragged to the high, and then the target would be taken |
1356 | 02:06:04 --> 02:06:11 | down to the high, plus one tick right there. Okay, so now what I've done is |
1357 | 02:06:11 --> 02:06:17 | I've used the logic over here that I was outlining, the market would have to come |
1358 | 02:06:17 --> 02:06:26 | up trade to this candle sticks high, and that would book the limit order entry on |
1359 | 02:06:26 --> 02:06:30 | a short the stop loss would be here to take profits down here. I don't |
1360 | 02:06:30 --> 02:06:35 | personally care. I don't care if I'm right or wrong. That's the execution. |
1361 | 02:06:35 --> 02:06:39 | That's the entry. And the logic is over here you're seeing it do this like |
1362 | 02:06:39 --> 02:06:42 | here's the market price. You think it's going to go down here you place a limit |
1363 | 02:06:42 --> 02:06:49 | order, a sell limit order, the market has to go up to it. So you're selling |
1364 | 02:06:49 --> 02:06:57 | short as the market just going up away from where you think it's going to go. |
1365 | 02:06:57 --> 02:07:00 | Limit orders have to be entered above the market price when you're selling |
1366 | 02:07:00 --> 02:07:07 | short, when you're buying on a limit, okay, when you're trying to do the |
1367 | 02:07:07 --> 02:07:11 | opposite, say you're say you're bullish. Everything here would reverse. It would |
1368 | 02:07:11 --> 02:07:12 | be something like this. I |
1369 | 02:07:20 --> 02:07:26 | goal. And say you believe that the market's going to go up to some old |
1370 | 02:07:26 --> 02:07:29 | high, some kind of fair value, get something to that effect. And you have |
1371 | 02:07:29 --> 02:07:37 | to be able to frame it around the basis of, here's the market price. And at the |
1372 | 02:07:37 --> 02:07:42 | time, if you're bullish, you can frame a trade on entering on a limit. So you're |
1373 | 02:07:42 --> 02:07:47 | going to buy on a limit, that means the market price has to drop down to your |
1374 | 02:07:47 --> 02:07:53 | price and lower. So whatever your limit order price is, if you're trying to buy |
1375 | 02:07:53 --> 02:07:57 | it, it has to go at least a minimum of one tick below that price. That's the |
1376 | 02:07:57 --> 02:08:03 | filling mechanism, okay? So it has to fulfill that at least, to accomplish |
1377 | 02:08:03 --> 02:08:08 | that, that order being executed, if it just trades to your price and not go any |
1378 | 02:08:08 --> 02:08:15 | lower than that, it won't fill you sometimes, because of your your your |
1379 | 02:08:15 --> 02:08:21 | contract size, if there is a say, say, you're Trying to do an eight or 10 |
1380 | 02:08:21 --> 02:08:27 | contract trading. Okay, so now you guys watch and see a losing trade. Okay, what |
1381 | 02:08:27 --> 02:08:30 | you're going to do is log this. I'll come back to that in a second. You're |
1382 | 02:08:30 --> 02:08:39 | going to log that from your entry. How much did it give you in terms of |
1383 | 02:08:39 --> 02:08:46 | unrealized profit, if at all. How much time did it take to get to target? It |
1384 | 02:08:46 --> 02:08:50 | didn't get to target. How long did it take in terms of time to get to your |
1385 | 02:08:50 --> 02:08:55 | stop? How much time did it take for that to happen? And then what happens is you |
1386 | 02:08:55 --> 02:09:01 | get data based on that. How much time do your trade executions last? So you don't |
1387 | 02:09:01 --> 02:09:05 | have a baseline on how long your trades usually last. Now there are tools out |
1388 | 02:09:05 --> 02:09:10 | there. There are things that give you that KPI, that measuring instrument of |
1389 | 02:09:10 --> 02:09:14 | how long your average trade is, what is your average profit, what is your |
1390 | 02:09:14 --> 02:09:19 | average risk per trade? All those things can be calculated by yourself, manually, |
1391 | 02:09:19 --> 02:09:23 | and you want to have that data yourself. You don't want to just rely on some kind |
1392 | 02:09:23 --> 02:09:27 | of external thing. You want to get comfortable seeing it and knowing what |
1393 | 02:09:27 --> 02:09:32 | it is for yourself as a trader. All right, so that's one so we have one |
1394 | 02:09:32 --> 02:09:38 | transaction done, and you're not trying to make money, Caleb, you're trying to |
1395 | 02:09:38 --> 02:09:46 | practice using the mechanism of a limit order, framing the setups. Okay, let me |
1396 | 02:09:46 --> 02:09:49 | finish this back here, and then we'll go just right into price action, because |
1397 | 02:09:50 --> 02:09:52 | we're at least twice the opening price. I |
1398 | 02:09:58 --> 02:10:02 | don't have the disclaimer it's on here. I should have. That one. Sorry, I'm |
1399 | 02:10:02 --> 02:10:10 | watching that little inefficiency there. But if you're bullish, you're going to |
1400 | 02:10:10 --> 02:10:15 | see market price. You have to wait for price to drop down away from your market |
1401 | 02:10:15 --> 02:10:19 | price. So it has to go to a discount. It has to be a down tick. That's what high |
1402 | 02:10:19 --> 02:10:24 | frequency trading algorithms used to for their entry models, it has to drop down |
1403 | 02:10:24 --> 02:10:36 | first here to here, and go below that by one tick, okay. And then the the buy |
1404 | 02:10:36 --> 02:10:39 | limit order, if you're bullish, that would trip. And then you would look for |
1405 | 02:10:39 --> 02:10:47 | it to draw to your target or get stopped at. So if you're buying you got to |
1406 | 02:10:47 --> 02:10:50 | you're going to be buying below market price on a limit. If you're selling |
1407 | 02:10:50 --> 02:10:53 | short, you're selling above the market price on a limit. |
1408 | 02:11:02 --> 02:11:11 | I'm all right, so let's pull up the regular trading hours. Small little gap |
1409 | 02:11:11 --> 02:11:12 | in here, it's already filled. |
1410 | 02:11:21 --> 02:11:31 | That when you're doing these drills, this is when you can put on some music |
1411 | 02:11:31 --> 02:11:37 | that you like listening to and just relax. Don't try to you put too much |
1412 | 02:11:37 --> 02:11:41 | emphasis on I see there's a volume imbalance right there. And now we have |
1413 | 02:11:41 --> 02:11:42 | this |
1414 | 02:11:47 --> 02:11:47 | gap |
1415 | 02:11:53 --> 02:11:54 | down to the |
1416 | 02:12:05 --> 02:12:07 | Okay, so this is drill number two, |
1417 | 02:12:13 --> 02:12:24 | and you log every individual point of reference for your measurement, how long |
1418 | 02:12:24 --> 02:12:28 | it takes for the trade when you enter. It like when, how long at the time you |
1419 | 02:12:28 --> 02:12:35 | entered the trade order, not when you entered. Okay. So there you go. There's |
1420 | 02:12:35 --> 02:12:41 | one. So now we have 5050, we have a losing trade and we have a winning |
1421 | 02:12:41 --> 02:12:45 | trade. It's not about the money, it's about the experience of placing the |
1422 | 02:12:45 --> 02:12:45 | orders. Caleb, |
1423 | 02:12:52 --> 02:13:00 | you go sit and wait and relax. Trade down to new week opening gap. Now you're |
1424 | 02:13:00 --> 02:13:09 | you're probably wondering, okay, what do you do? What do you do to instigate the |
1425 | 02:13:09 --> 02:13:12 | trades? ICT, like, what are we doing here? Like, what is the reason for you |
1426 | 02:13:12 --> 02:13:18 | to get into a trade? Whatever you're practicing because Caleb's learning the |
1427 | 02:13:18 --> 02:13:21 | fair value gap. You know, his his practice session is going to be just |
1428 | 02:13:21 --> 02:13:24 | simply looking for fair value gaps. Value gaps after the market has created |
1429 | 02:13:24 --> 02:13:28 | some measure of jaggedness, like it's made its jaggedness up here, traded |
1430 | 02:13:28 --> 02:13:31 | down. You watch me pick this one here. Obviously, you know what that one is, |
1431 | 02:13:31 --> 02:13:37 | and it's the first fair value gap of of the morning. It's at 931 so it fits the |
1432 | 02:13:37 --> 02:13:42 | criteria, and you saw how fast it delivered. So that's what the haters |
1433 | 02:13:42 --> 02:13:47 | take notice of that. But anytime that you're trying to trade with an order |
1434 | 02:13:47 --> 02:13:51 | block, if you're practicing with that, you can trade with order blocks. You can |
1435 | 02:13:51 --> 02:13:55 | trade with institutional order, financial drills, whatever, whatever |
1436 | 02:13:55 --> 02:13:59 | mechanism or PDA rate you're using to practice with that's that's what you're |
1437 | 02:13:59 --> 02:14:00 | doing. Okay, |
1438 | 02:14:06 --> 02:14:17 | all right. So I see this gap in here, but I want to try to, I want to try to |
1439 | 02:14:17 --> 02:14:20 | alternate buying and selling back and forth, like I want to do that for the |
1440 | 02:14:20 --> 02:14:26 | purposes of, kind of like skewing the experience factor here. So I want to, |
1441 | 02:14:27 --> 02:14:33 | kind of like mix it up a little bit. I was, I was looking for a coin, but |
1442 | 02:14:33 --> 02:14:38 | nobody has any cash anymore around here, but I was going to flip a coin, and I |
1443 | 02:14:38 --> 02:14:43 | was going to take my first drill as a long as it laying on heads and or tails, |
1444 | 02:14:43 --> 02:14:48 | I would go short. That would be my first exercise. But that is it, screw I'll |
1445 | 02:14:48 --> 02:14:49 | just go in here and just wing it. |
1446 | 02:14:59 --> 02:15:07 | I'm. Okay, got eight more of these things to do. Jam into kicks, by the |
1447 | 02:15:07 --> 02:15:16 | way, those are rocking right now. Kicks is a local band, old, old rock band, all |
1448 | 02:15:16 --> 02:15:21 | right. Now, let's say that you were going to try to be |
1449 | 02:15:26 --> 02:15:34 | a counter trend trader. Okay, and we're in a 15 second chart. Let's try to do a |
1450 | 02:15:34 --> 02:15:38 | drill which is obviously going against order flow. But you want to get this |
1451 | 02:15:38 --> 02:15:42 | experience. You want to feel what it feels like to enter the order using the |
1452 | 02:15:42 --> 02:15:51 | logic of buying when the market drops, as we've already shown two times here, |
1453 | 02:15:52 --> 02:15:58 | selling short with a limit order. I want to try to find one on a buying |
1454 | 02:15:58 --> 02:16:03 | opportunity, even though it's against the underlying order flow. |
1455 | 02:16:09 --> 02:16:12 | And if we can frame a small, little fair value gap here on the 15 second chart |
1456 | 02:16:12 --> 02:16:17 | and try to trade back up into this inefficiency right here, and try to draw |
1457 | 02:16:17 --> 02:16:20 | back directionally to the new weak opening gap, it need not trade back |
1458 | 02:16:20 --> 02:16:23 | there all the way. But if it can give me an opportunity to |
1459 | 02:16:32 --> 02:16:32 | this thing's a lagging, |
1460 | 02:16:39 --> 02:16:39 | well, |
1461 | 02:16:40 --> 02:16:44 | I would technically be, I would be in long right now to stop where it is. |
1462 | 02:16:44 --> 02:16:49 | Let's see It's fucking around trading view. Look, man, you're losing, you're |
1463 | 02:16:49 --> 02:16:52 | losing here in front of everybody. I'm trying to show this stuff with your |
1464 | 02:16:52 --> 02:16:57 | stuff, and you asked me to do an affiliate program, and I'm not able to |
1465 | 02:16:57 --> 02:17:05 | use it in front of the world. Okay? So we'll get back up into there. You see me |
1466 | 02:17:05 --> 02:17:07 | adjusting it, but it won't. It won't update. So, |
1467 | 02:17:13 --> 02:17:14 | awful, awful, good grief. |
1468 | 02:17:21 --> 02:17:30 | Again. Trading view, this is a bad, bad look for you today that should be |
1469 | 02:17:30 --> 02:17:35 | stopped at, yeah, so that would be framed on as it was looking like a fair |
1470 | 02:17:35 --> 02:17:39 | value gap trying to trade up to there. So now we have three transactions. |
1471 | 02:17:40 --> 02:17:45 | Immediate response stopped out. It's not giving you any indication that it wants |
1472 | 02:17:45 --> 02:17:46 | to go higher. Wonderful. |
1473 | 02:17:51 --> 02:17:56 | Pay attention this trading view. I know you watch my videos, but you got to get |
1474 | 02:17:56 --> 02:17:58 | your shit together, because this is not a good look. I |
1475 | 02:18:04 --> 02:18:09 | All right. So now, scrunching this up, we have that. Remember that yesterday I |
1476 | 02:18:09 --> 02:18:14 | was showing you the 60 minute discount with constant encroachment we're trading |
1477 | 02:18:14 --> 02:18:26 | inside of I want to be filled in that gap right there and stop us right there. |
1478 | 02:18:27 --> 02:18:31 | Take Profit. We'll try to aim for just above that consequence. Wick, |
1479 | 02:18:36 --> 02:18:41 | okay, this is execution four. Again. All we're doing is practicing. What I just |
1480 | 02:18:41 --> 02:18:45 | did there I was. I was looking in between these two candlesticks here, and |
1481 | 02:18:45 --> 02:18:56 | I wanted to be inside that as an entry part of the drills. When you have more |
1482 | 02:18:56 --> 02:18:59 | experience using it and practicing with it and playing around with it and having |
1483 | 02:18:59 --> 02:19:03 | fun, that's what this is supposed to be. It should not be I'm afraid it's going |
1484 | 02:19:03 --> 02:19:09 | to be a bad result. I'm afraid that it's going to be all losing trades. I'm |
1485 | 02:19:09 --> 02:19:14 | afraid it's going to be a net loss on the day. It's don't think about that. |
1486 | 02:19:14 --> 02:19:18 | You're in here practicing, trying to get a feel for using number one, the |
1487 | 02:19:18 --> 02:19:23 | platform, because it's it's risk free for you to be able to do this. It's not, |
1488 | 02:19:23 --> 02:19:27 | it's not something that's scary. It's only scary because you're saying it |
1489 | 02:19:27 --> 02:19:32 | should be scary. You're saying that it it demands the results of profitability |
1490 | 02:19:33 --> 02:19:36 | or being right. It's not about being right. This is something for you to play |
1491 | 02:19:36 --> 02:19:41 | with, and you're using the demo account properly. You're executing with it. |
1492 | 02:19:42 --> 02:19:46 | You're not trying to prove profitability, you're not trying to |
1493 | 02:19:46 --> 02:19:54 | avoid losing trades. You're just getting the practice of including the use of the |
1494 | 02:19:54 --> 02:19:59 | PD arrays and looking for liquidity and following order flow go against order |
1495 | 02:19:59 --> 02:20:03 | flow. Sometimes get a feel for what it feels like to do that, because if you |
1496 | 02:20:03 --> 02:20:07 | try to avoid every instance of where things might hurt you, you're never |
1497 | 02:20:07 --> 02:20:12 | getting the proper experience. You don't know what it's like to make money in big |
1498 | 02:20:12 --> 02:20:16 | money yet, and that's a scary feeling. You think it's going to feel good. It's |
1499 | 02:20:16 --> 02:20:18 | not. It's going to be terrifying, because you're going to you don't, |
1500 | 02:20:18 --> 02:20:29 | you're going to freeze up, you're not going to know what to do. So if, if you |
1501 | 02:20:29 --> 02:20:34 | relax, to say that way, if you just simply relax and allow your practice |
1502 | 02:20:34 --> 02:20:39 | sessions these drills, it's just like you taking a walk. It's good for your |
1503 | 02:20:39 --> 02:20:44 | health. Put some music on, listen to an audiobook. You're exercising, you're |
1504 | 02:20:44 --> 02:20:52 | you're moving your your your trading muscles, you're treating with the tools |
1505 | 02:20:52 --> 02:20:56 | you're using, the logic. And now watch, this is something where, if it took out |
1506 | 02:20:56 --> 02:21:03 | this low, say it takes out that low. If you want to go one step further in your |
1507 | 02:21:03 --> 02:21:08 | drill, in your annotations, you would say, okay, hypothetically, if this were |
1508 | 02:21:08 --> 02:21:11 | a trade that I was using in my funded account, I would take a partial right |
1509 | 02:21:11 --> 02:21:15 | there if I had more than one contract, and that means this would no longer be |
1510 | 02:21:16 --> 02:21:20 | open to a loss, because you've you've pocketed something, and they can roll |
1511 | 02:21:20 --> 02:21:24 | the stop after that partial. And when you're practicing, even though you have |
1512 | 02:21:24 --> 02:21:30 | one contract on the logic is you annotate that one partial was taken |
1513 | 02:21:30 --> 02:21:37 | below the low here. So you would have a partial below here from your entry. |
1514 | 02:21:37 --> 02:21:41 | That's pretty good, like, it's better than most live streamers out there in |
1515 | 02:21:41 --> 02:21:44 | terms of what they're what they're capturing. That's, I'm not trying to |
1516 | 02:21:44 --> 02:21:47 | shit on any of them, but I'm just saying, like, let's be practical here. |
1517 | 02:21:47 --> 02:21:52 | Some of these guys out there are not looking for home runs, and they don't |
1518 | 02:21:52 --> 02:21:56 | need home runs. I mean, look at trades by Matt. He was doing 10 point runs and |
1519 | 02:21:56 --> 02:22:00 | made over $300,000 took it all out. Truth be told, I told him in private, I |
1520 | 02:22:00 --> 02:22:05 | said, take all the money out and then start all over again. That way you've |
1521 | 02:22:05 --> 02:22:08 | banked a half a million dollars plus, like it's yours, like they can't take it |
1522 | 02:22:08 --> 02:22:12 | from you if you're going to be consistent, be consistent by starting |
1523 | 02:22:12 --> 02:22:15 | all over again, because you have a huge windfall right now at your reach, you |
1524 | 02:22:15 --> 02:22:28 | just take it. And he made this decision. So the idea that you would like build in |
1525 | 02:22:28 --> 02:22:33 | a pyramid, you can practice that too. I don't necessarily see anything yet that |
1526 | 02:22:33 --> 02:22:36 | I would have pyramided on except for that one right in here, that that's a |
1527 | 02:22:36 --> 02:22:46 | nice little one that right there. That's a nice point. But if we recall, remember |
1528 | 02:22:46 --> 02:22:51 | these, these levels over here yesterday, like down here, it's like these relative |
1529 | 02:22:51 --> 02:22:57 | equal lows. I think, if I'm not mistaken, it was on a, I don't know what |
1530 | 02:22:57 --> 02:23:01 | time frame was, to be honest with you. Oh yeah, it does the benefit of having |
1531 | 02:23:01 --> 02:23:08 | annotations directly right the 15 minute relative equal lows based on September |
1532 | 02:23:08 --> 02:23:13 | 23 weekly low, but we also have 15 minute relative equal lows on cell |
1533 | 02:23:13 --> 02:23:21 | cycle. So even if this were to stop out, we can look for another opportunity to |
1534 | 02:23:21 --> 02:23:26 | engage with it, to see if we can get a rundown into the discount with constant |
1535 | 02:23:26 --> 02:23:30 | encouragement of the hourly chart, and maybe try to gravitate towards that |
1536 | 02:23:30 --> 02:23:35 | again. September 23 it's weekly low and 15 minute relatively cool lows. You |
1537 | 02:23:49 --> 02:23:53 | all you're doing is getting experience. That's all this is about. It's not about |
1538 | 02:23:53 --> 02:23:56 | being better than somebody else. It's not about being profitable. It's not |
1539 | 02:23:56 --> 02:24:02 | about passing combines. It's you just practicing, practicing, getting used to |
1540 | 02:24:02 --> 02:24:05 | taking the orders and entering them and then submitting yourself to whatever the |
1541 | 02:24:05 --> 02:24:09 | market's going to do afterwards. Because right now, I don't have control over |
1542 | 02:24:09 --> 02:24:12 | what the market's going to do, like I have to submit to it, like whatever it's |
1543 | 02:24:12 --> 02:24:15 | going to do is going to do, and then I'm doing it right in front of all of you. |
1544 | 02:24:15 --> 02:24:20 | I'm pushing the button. Okay. I have no fucking fear of doing this. Zero fear. |
1545 | 02:24:21 --> 02:24:25 | Even less now, because this is a drill, but you're going to see me pick the |
1546 | 02:24:25 --> 02:24:28 | right moves, and you're going to see me trade them with precision. They're going |
1547 | 02:24:28 --> 02:24:33 | to go to my targets, and you're going to be left with, hey, what do we do now? |
1548 | 02:24:33 --> 02:24:36 | Right? What do you do with that? It's not going to make you a better trader |
1549 | 02:24:36 --> 02:24:40 | because you saw me do it. It's not going to make me any less of a trader or any |
1550 | 02:24:40 --> 02:24:43 | more of a trader. It doesn't make me more right? When I do it. Do it, I |
1551 | 02:24:43 --> 02:24:48 | already know I can do it. You want to be entertained by it. You think that you |
1552 | 02:24:48 --> 02:24:51 | have some influence or power of me because you say you won't do it. You |
1553 | 02:24:51 --> 02:24:54 | won't trade live. You won't trade live, motherfuckers, I will trade circles |
1554 | 02:24:54 --> 02:24:58 | around all of you. Okay? But that's not the point of this. When we get to the |
1555 | 02:24:58 --> 02:25:01 | point where we have to start putting. From the buttons. I told you we'd be |
1556 | 02:25:01 --> 02:25:06 | here. We're here now. I want my son to know how to use limb orders. I want him |
1557 | 02:25:06 --> 02:25:14 | to see what it feels like to be in the orders, how he measures his own personal |
1558 | 02:25:14 --> 02:25:19 | engagement, like he has to, he has to recognize that stuff. And if you don't |
1559 | 02:25:19 --> 02:25:25 | recognize it, you, you won't get accustomed to normal. This is normal for |
1560 | 02:25:25 --> 02:25:32 | me to feel like this. And over time, that trepidation, that anxiety that you |
1561 | 02:25:32 --> 02:25:36 | initially feel, it goes away because you've been there so many times, and the |
1562 | 02:25:36 --> 02:25:40 | thing that you were fearful of never happened. It never happened. So what do |
1563 | 02:25:40 --> 02:25:45 | you what is? What's actually happening is you're being desensitized to the what |
1564 | 02:25:45 --> 02:25:49 | if thinking while you're in a trade? Well, you're supposed to be focusing on |
1565 | 02:25:50 --> 02:25:53 | what's it telling me while I'm watching price action? Is it telling me that it |
1566 | 02:25:53 --> 02:25:57 | wants to continue moving higher or moving lower? Everything that you're |
1567 | 02:25:57 --> 02:26:02 | reading in terms of watching individual candlesticks, this is tape reading. It |
1568 | 02:26:02 --> 02:26:16 | bumped the high here, filled in this entire gap, right here, right there, |
1569 | 02:26:16 --> 02:26:22 | okay, then traded lower. Right now we're sitting at these lows. |
1570 | 02:26:27 --> 02:26:31 | We would not want to see it trade above here. We want to see it break heavy down |
1571 | 02:26:31 --> 02:26:36 | here. But what happens if it does take out that high? What happens if it stops |
1572 | 02:26:36 --> 02:26:41 | out this position? No problem if it shows a displacement lower again, I'll |
1573 | 02:26:41 --> 02:26:45 | use another 15 second fair value gap to try to get a short one and ink for that |
1574 | 02:26:45 --> 02:26:52 | 60 minute again. Now I know which ones I want to trade on. Caleb doesn't know |
1575 | 02:26:52 --> 02:26:58 | yet. You don't know yet, but doing these drills every single day, every single |
1576 | 02:26:58 --> 02:27:03 | day, there should not be a day that goes by, unless you're on vacation, and you |
1577 | 02:27:03 --> 02:27:08 | would now you would annotate that as a partial. So okay, underneath this low |
1578 | 02:27:08 --> 02:27:11 | you would type out in your chart and screenshot and say, I would have a |
1579 | 02:27:11 --> 02:27:15 | partial here. And then you would have whatever that partial will just say that |
1580 | 02:27:15 --> 02:27:22 | closing price is your partial. So you'd get out at 20,066 from an entry at |
1581 | 02:27:22 --> 02:27:28 | 116.75 so again, you're beating the fuck out of the YouTubers, and all we're |
1582 | 02:27:28 --> 02:27:32 | doing is a drill. That's how you remind yourself, you give yourself |
1583 | 02:27:32 --> 02:27:37 | encouragement, you cheerlead yourself. This is better than so and so I've been |
1584 | 02:27:37 --> 02:27:41 | impressed by so and so's trading. And now I've done now. It's the house |
1585 | 02:27:41 --> 02:27:44 | running here, then you could do another partial. Why? Because it's starting to |
1586 | 02:27:44 --> 02:27:47 | expand. It doesn't need to go down here, yet. It could wait and do it later on. |
1587 | 02:27:47 --> 02:27:51 | So you would do a partial in here. So you'd have a partial at will, say, 2041 |
1588 | 02:27:52 --> 02:27:55 | and a half. So 20,041 and a half. |
1589 | 02:28:00 --> 02:28:05 | But you only use one contract because you're trying to avoid feeding fear and |
1590 | 02:28:05 --> 02:28:10 | avoid feeding greed. You |
1591 | 02:28:32 --> 02:28:36 | Isn't this fun? It's fun, isn't it? You like it because I'm pushing the buttons, |
1592 | 02:28:38 --> 02:28:41 | but it should be fun for you because you're watching with a purpose. You're |
1593 | 02:28:41 --> 02:28:45 | not just pushing a button with no understanding of what it is you're |
1594 | 02:28:45 --> 02:28:52 | you're watching or studying. That's a waste of a demo. That's a waste of a |
1595 | 02:28:52 --> 02:28:53 | demo by doing that, I |
1596 | 02:29:06 --> 02:29:15 | now imagine if you did not say partial where you did not annotate that you have |
1597 | 02:29:15 --> 02:29:20 | taken partials off while you're doing the drills by annotating that you're |
1598 | 02:29:20 --> 02:29:24 | training yourself to do what? Look for opportunities to take partials. Look for |
1599 | 02:29:24 --> 02:29:27 | opportunities to take partials. Look for opportunities to take something out of |
1600 | 02:29:27 --> 02:29:32 | the trade. Take something out. Fund the trade. Remove some of the risk. Give |
1601 | 02:29:32 --> 02:29:34 | yourself that cookie, that little reward, that little attaboy, that a girl |
1602 | 02:29:34 --> 02:29:39 | pat on the back in the beginning. You need a lot of that stuff because it's |
1603 | 02:29:39 --> 02:29:45 | hard to wrestle. It's hard to get into a trade and and submit yourself to an idea |
1604 | 02:29:45 --> 02:29:48 | when you don't have any experience. That's why you want to watch me live |
1605 | 02:29:48 --> 02:29:51 | stream. That's why you want to watch me push the button. That's why you want to |
1606 | 02:29:51 --> 02:29:54 | that's why you enjoy watching my trades. You like watching that because you're |
1607 | 02:29:54 --> 02:29:58 | living vicariously through my executions, but it's entirely something |
1608 | 02:29:58 --> 02:30:02 | different when you're doing a. Live data when you have to submit yourself to it, |
1609 | 02:30:03 --> 02:30:08 | and you have to wait however long it takes. And every time, every time we had |
1610 | 02:30:08 --> 02:30:13 | a an opportunity where I said when it's when it gets below these lows, that's a |
1611 | 02:30:13 --> 02:30:17 | partial. You want to record how much time it took from the point of your |
1612 | 02:30:17 --> 02:30:26 | entry, what minute market was up here and up here, where those, where those |
1613 | 02:30:26 --> 02:30:30 | entries work. And that's a partial right there. You take off one there, and then |
1614 | 02:30:30 --> 02:30:34 | you want to see speed drive right into that 60 minute consequence. That's, |
1615 | 02:30:34 --> 02:30:41 | that's what would be ideal here. But because you're taking partials as price |
1616 | 02:30:41 --> 02:30:46 | goes below the previous lows, every time it makes a low and retraces back when it |
1617 | 02:30:46 --> 02:30:51 | does that, you absolutely if it trades off as a opportunity to go back below it |
1618 | 02:30:51 --> 02:30:57 | one more time, even if it's one tick, you have to take a partial. You have to |
1619 | 02:30:57 --> 02:31:02 | do that because you're not going to have the experience to number one, sit |
1620 | 02:31:02 --> 02:31:05 | through the trade in its entirety. You're going to be fearful. You're going |
1621 | 02:31:05 --> 02:31:08 | to want to get out of it. It's going to cause you heart palpitations, and |
1622 | 02:31:08 --> 02:31:12 | remember, you're only trading with one contract, but that one contract's going |
1623 | 02:31:12 --> 02:31:16 | to feel like you're risking your entire mortgage, right? You're risking |
1624 | 02:31:16 --> 02:31:23 | everything that makes who you are as a person, financially. So when you see |
1625 | 02:31:23 --> 02:31:27 | this stuff, and you see it panning out, and you're practicing in a drill like |
1626 | 02:31:27 --> 02:31:30 | this, and it goes to where I'm teaching you. How are you going to listen to |
1627 | 02:31:30 --> 02:31:36 | these people that tell you you'll never see ICT trade live? You'll never see him |
1628 | 02:31:36 --> 02:31:40 | outline a trade. You'll never see him push the button. You'll never see him |
1629 | 02:31:40 --> 02:31:43 | give you a little watch behind the trade. You'll never see that, but here I |
1630 | 02:31:43 --> 02:31:46 | am doing it again, and they're still going to come out and tell you that I |
1631 | 02:31:46 --> 02:31:51 | don't ever do it. Oh, you got lucky. Oh, this that the only thing, it's okay. |
1632 | 02:31:52 --> 02:31:55 | It's okay. Other people's opinion about you aren't going to change the facts |
1633 | 02:31:55 --> 02:31:59 | about you as the trader. The same thing here now, because we went to that |
1634 | 02:31:59 --> 02:32:03 | consequent encroachment of that discount wick, I would want to see it try to make |
1635 | 02:32:03 --> 02:32:07 | an attempt to go below that and draw down into the relative equal loads. So |
1636 | 02:32:07 --> 02:32:13 | let me see if I can get one more fair value gap in here before we can get down |
1637 | 02:32:13 --> 02:32:19 | here. It could just very well, you know, reverse here or drive aggressively lower |
1638 | 02:32:19 --> 02:32:24 | at this point, if we were trading today, like, if this was a trading day, I would |
1639 | 02:32:24 --> 02:32:28 | be done for the morning session. If I was closing it out here, I would be |
1640 | 02:32:28 --> 02:32:32 | done, and I would just look for this move as a moral victory, and be like, |
1641 | 02:32:32 --> 02:32:35 | yeah, truth be told, though I wouldn't be out just here, but let's just say |
1642 | 02:32:35 --> 02:32:41 | that was the position. And I either say I got stopped out, and I've made as much |
1643 | 02:32:41 --> 02:32:45 | as is shown here, I would more or less say, Okay, I'm just going to watch the |
1644 | 02:32:45 --> 02:32:48 | rest of it deliver. And I've done this in front of my students, |
1645 | 02:32:54 --> 02:33:03 | too. I lost track on I lost track on how many transactions we had so far, 1234, |
1646 | 02:33:04 --> 02:33:07 | so we had four trades. Look at that. There's red. You don't ever see that. |
1647 | 02:33:07 --> 02:33:12 | Look at that. Look at the difference between the green and the red. That's |
1648 | 02:33:12 --> 02:33:17 | probably random. So watch that consequent encroachment of that wick. |
1649 | 02:33:17 --> 02:33:24 | Okay, we went down below it. I like to see when price gets down below and comes |
1650 | 02:33:24 --> 02:33:27 | back up and uses it as a premium array. I'd like to see that, but that's not |
1651 | 02:33:27 --> 02:33:30 | what we're studying here, so I can't execute on that. It's got to be a fair |
1652 | 02:33:30 --> 02:33:41 | value. Every single day you're going to be practicing, practicing, practicing |
1653 | 02:33:41 --> 02:33:46 | looking for liquidity, where the market will likely to draw to, where it will |
1654 | 02:33:47 --> 02:33:49 | hopefully not go to, that we can frame a stop loss. |
1655 | 02:33:57 --> 02:34:01 | And then you get into the exercise, and you relax, you condition yourself by |
1656 | 02:34:01 --> 02:34:02 | holding on to position. |
1657 | 02:34:08 --> 02:34:16 | I can't hear myself. I don't hear any of my audio coming through. Can you guys |
1658 | 02:34:16 --> 02:34:21 | hear me? I'm asking on Twitter, if you can hear me, just give me a five by |
1659 | 02:34:21 --> 02:34:27 | five, please, man, I hope I could. I hope that was picked up the whole time I |
1660 | 02:34:27 --> 02:34:36 | was talking. Good grief. Can you? Can you hear me? Somebody? Please. Thank |
1661 | 02:34:36 --> 02:34:40 | you, Richard, appreciate it. I'm not sure why I'm not. I'm not. I can't hear |
1662 | 02:34:40 --> 02:34:46 | anything on my end? All right, as long as you can hear me, I'm not changing any |
1663 | 02:34:46 --> 02:34:51 | settings over here. All right. So here we have another low, |
1664 | 02:34:57 --> 02:35:03 | and when I have uh. My notes, it may not give me a fair value after me just |
1665 | 02:35:03 --> 02:35:04 | plowing the unreal to equal lose. |
1666 | 02:35:15 --> 02:35:21 | Now there, and we'll look for a drive into that. So this is exercise number |
1667 | 02:35:21 --> 02:35:26 | six. We don't need to be right? It doesn't need to pan out. If it stops |
1668 | 02:35:26 --> 02:35:31 | out, it's not a big deal. It's just you submitting to the idea that this is |
1669 | 02:35:31 --> 02:35:36 | unfinished business down here, okay? And it's 15 minute relative equal lows. |
1670 | 02:35:37 --> 02:35:42 | We're in close proximity to it. We came up and we swiped this little short term |
1671 | 02:35:42 --> 02:35:48 | high in here, and we broke down. And if it trades lower, we are in a position |
1672 | 02:35:48 --> 02:35:52 | where we could capitalize on that. If it stops out, no problem. I'll wait for it |
1673 | 02:35:52 --> 02:35:55 | to break down again and it gives me another fair value gap. If it gives me |
1674 | 02:35:55 --> 02:35:58 | another fair value gap after being stopped out, if I get stopped out, okay, |
1675 | 02:35:58 --> 02:36:02 | stopped out. Now I'll have to wait just simply, if it gets back below the low in |
1676 | 02:36:02 --> 02:36:07 | here, of the rejection block that candlesticks, closing price, any |
1677 | 02:36:07 --> 02:36:12 | movement lower than that, it doesn't need to create the lower low here. We |
1678 | 02:36:12 --> 02:36:14 | don't need to pierce that |
1679 | 02:36:19 --> 02:36:24 | every single instance that a fair value got forms. Okay, every single one which |
1680 | 02:36:24 --> 02:36:29 | I missed. I missed this one here. I would have, I would have used this one, |
1681 | 02:36:29 --> 02:36:33 | but a stop loss right above here. So in fairness, for the exercise and the |
1682 | 02:36:33 --> 02:36:38 | drill, I would already be filled in here on a short with a stop loss right above |
1683 | 02:36:38 --> 02:36:47 | this high but I wasn't able to execute on that fast enough come talking. But |
1684 | 02:36:47 --> 02:36:51 | what you're doing is you're looking for every instance of analyst stock out |
1685 | 02:36:51 --> 02:36:55 | every instance of a fair value gap, and you're engaging every single one of |
1686 | 02:36:55 --> 02:37:01 | them, every single one of them with you, aiming for a particular pool of |
1687 | 02:37:01 --> 02:37:04 | liquidity or inefficiency, something that's giving you some kind of |
1688 | 02:37:04 --> 02:37:10 | directional bias. If it's directionally driven, like today, it makes it pretty |
1689 | 02:37:10 --> 02:37:13 | easy to trade on one side the marketplace. But there's going to be |
1690 | 02:37:13 --> 02:37:16 | days where you go in and you're practicing, and it's this range bound, |
1691 | 02:37:16 --> 02:37:22 | and that's actually the better times to be trading with your drills. Let me see |
1692 | 02:37:22 --> 02:37:30 | if I can do something in here. We already filled that one. All right, |
1693 | 02:37:30 --> 02:37:42 | let's see. Let's see. Those look smooth, do they not? And there's a minor buy |
1694 | 02:37:42 --> 02:37:52 | side liquidity pool here. So let's do let's do this |
1695 | 02:37:57 --> 02:38:06 | and stop loss here, and we'll aim for man trading. View is lagging. Everybody |
1696 | 02:38:06 --> 02:38:15 | must be doing paper trades. We're all fading. You. ICT, that's good. All |
1697 | 02:38:15 --> 02:38:18 | right, so this is the fair value gap, and we're just trying to go against the |
1698 | 02:38:18 --> 02:38:26 | grain here, and this to that and this, |
1699 | 02:38:32 --> 02:38:33 | come on. |
1700 | 02:38:38 --> 02:38:42 | So all we're doing is aiming for this little tiny, little minor buy side |
1701 | 02:38:42 --> 02:38:51 | liquid, equal rate there and it, if it goes there and really rejects and starts |
1702 | 02:38:51 --> 02:38:56 | to sell off, that means that we could probably see that 15 minute relative |
1703 | 02:38:56 --> 02:39:08 | equal lows get pounded and maybe even go lower. How about that? But I feel like |
1704 | 02:39:08 --> 02:39:16 | I've lost something today, like, like I've always enjoyed having not done any |
1705 | 02:39:16 --> 02:39:19 | executions in front of you live. I mean, I've done them before. You all know I've |
1706 | 02:39:19 --> 02:39:22 | done it, but you've never seen me do this, many of them in front of you, and |
1707 | 02:39:22 --> 02:39:34 | I kind of feel like my side, I feel like you're going to want me to do this a |
1708 | 02:39:34 --> 02:39:40 | lot, and that's what I've been trying to avoid. Because I don't, I don't want to |
1709 | 02:39:40 --> 02:39:43 | do these types of things, because it's better for you to be in here doing it |
1710 | 02:39:43 --> 02:39:46 | yourself. You're not going to learn anything by me doing it. The only thing |
1711 | 02:39:46 --> 02:39:52 | it does is it creates codependence, and I've seen this in my own private |
1712 | 02:39:52 --> 02:40:09 | mentorship students. Look at that. See that good old Phil, sorry. Wait. Do you |
1713 | 02:40:09 --> 02:40:19 | see what I do in pm session? So there you go. It came down, wicked through, |
1714 | 02:40:19 --> 02:40:23 | stopped and then ran to the target. Now, think about what that feels like right |
1715 | 02:40:23 --> 02:40:27 | now. What does that feel like, if this was a live trade that you were trading |
1716 | 02:40:27 --> 02:40:33 | in, would you be angry? Would you be mad? Would you be stop talking to me in |
1717 | 02:40:33 --> 02:40:36 | the telegram channel, or I will ban you? I |
1718 | 02:40:44 --> 02:40:50 | Alright, so now we have this little gap right here. Look at this one here. See |
1719 | 02:40:50 --> 02:40:50 | that one i |
1720 | 02:41:02 --> 02:41:14 | All right, so we had buy side taken, and now again lagging useless trading view. |
1721 | 02:41:14 --> 02:41:16 | You're fucking useless today. Okay, |
1722 | 02:41:21 --> 02:41:26 | how's that for affiliate marketing? This is some lame ass shit. There you go. |
1723 | 02:41:32 --> 02:41:34 | I'll show you this in a second. What |
1724 | 02:41:42 --> 02:41:50 | the fuck the stops, not even adjusting. I just dropped it and it still ain't |
1725 | 02:41:50 --> 02:41:51 | populating. |
1726 | 02:41:56 --> 02:42:02 | Unbelievable. Oh, thank you. I could have made fucking breakfast in the time |
1727 | 02:42:02 --> 02:42:10 | it took that. So if we have the low here to this candlesticks high, you see that |
1728 | 02:42:11 --> 02:42:20 | what I'm doing here is showing you the difference between the high this fairbag |
1729 | 02:42:20 --> 02:42:27 | out here and here, and it's 50% so my stop is at the highest point, because if |
1730 | 02:42:27 --> 02:42:30 | this is an inversion fair value gap, it should never breach the halfway point. |
1731 | 02:42:30 --> 02:42:36 | But for Caleb's abilities, he's not going to know that. He hasn't have |
1732 | 02:42:36 --> 02:42:42 | enough experience seeing it. So by having it run up to just half of that |
1733 | 02:42:42 --> 02:42:46 | gap here. In the gap looks like this. It's this one here. |
1734 | 02:42:53 --> 02:43:03 | And take it off. So what I'm saying is, inside this little area, allow me to |
1735 | 02:43:03 --> 02:43:09 | take the execution also for a second. I'll put them back on in a moment. This |
1736 | 02:43:09 --> 02:43:13 | is an inversion, fair value gap, and it's already delivered to half of this |
1737 | 02:43:13 --> 02:43:18 | wick. So that would be a partial. And then this low here would be a partial. |
1738 | 02:43:19 --> 02:43:23 | This gap in here could be a partial, consequent encroachment. Here could be a |
1739 | 02:43:23 --> 02:43:30 | partial, the new low here, that would be obviously a partial. But entering on the |
1740 | 02:43:30 --> 02:43:34 | inversion fair value gap, when it has a gap like this, you have to look at the |
1741 | 02:43:34 --> 02:43:39 | midpoint or consequent encroachment of the gap above it, because think about |
1742 | 02:43:39 --> 02:43:45 | like model 2022, how if it has two fair value gaps inside of that price leg that |
1743 | 02:43:45 --> 02:43:50 | displaces lower, it can always you have to afford yourself the ability to |
1744 | 02:43:50 --> 02:43:55 | weather some kind of a delivery into the higher fair value gap when you're going |
1745 | 02:43:55 --> 02:43:59 | short, like this case here, so the stop would have to be above The midpoint. So |
1746 | 02:44:00 --> 02:44:05 | to reduce some of the risk, we'll go right at the consequent curse, because |
1747 | 02:44:05 --> 02:44:09 | we've already had enough movement lower. If it comes back and stops me out, it's |
1748 | 02:44:09 --> 02:44:14 | no problem. It's one more transaction. But you're seeing and now we're below |
1749 | 02:44:14 --> 02:44:18 | here. So I'd like to see that one support price to the downside. If it |
1750 | 02:44:18 --> 02:44:22 | trades into it, it can wick through it it can wick through it a little bit, but |
1751 | 02:44:22 --> 02:44:26 | I want to see it kind of roll out and attack these lows and get down into this |
1752 | 02:44:26 --> 02:44:36 | imbalance there. So back inside the inversion, fair react here. Remember |
1753 | 02:44:36 --> 02:44:39 | partial would have been at consequent encroachment every time we see a big, |
1754 | 02:44:39 --> 02:44:43 | large wick, and we're going to trade and trades down into it. Consequent |
1755 | 02:44:43 --> 02:44:47 | encroachment of a wick is always a potential candidate for a partial. And |
1756 | 02:44:48 --> 02:44:52 | in the beginning, every single time you do that, like it would be here, you |
1757 | 02:44:52 --> 02:44:57 | would be partial doubt with something one. And then if you give a little this |
1758 | 02:44:57 --> 02:45:00 | low here, that'd be another partial. Here's an. Other, |
1759 | 02:45:06 --> 02:45:12 | and all you're dealing is just simply mapping out price having fun while |
1760 | 02:45:12 --> 02:45:18 | you're doing it. You're not trying to be critical of yourself, and that's not the |
1761 | 02:45:18 --> 02:45:18 | right color. I'm |
1762 | 02:45:24 --> 02:45:34 | and I would like to see it get real heavy in here, and try to displace below |
1763 | 02:45:35 --> 02:45:39 | these two relative equal lows in here and back below that 60 minute discount |
1764 | 02:45:39 --> 02:45:40 | consequence I'm |
1765 | 02:45:49 --> 02:45:52 | it most of the questions You guys ask mother fucker |
1766 | 02:46:40 --> 02:46:42 | and You'd screenshot that as a partial |
1767 | 02:46:54 --> 02:46:59 | motherfucker post another one your band. I just fucking told you guys to stop. I |
1768 | 02:47:07 --> 02:47:08 | What the fuck I |
1769 | 02:47:20 --> 02:47:38 | and another partial would have been inside this gap here and then now the |
1770 | 02:47:38 --> 02:47:47 | stock can roll to cover costs. We want to see speed and it if it goes below |
1771 | 02:47:47 --> 02:47:51 | this one here, it goes below that low, we still have to deal with the |
1772 | 02:47:51 --> 02:48:00 | consequent of this mid gap, or midwick. Rather, I it |
1773 | 02:48:09 --> 02:48:12 | does any of this look familiar like? Does it look like the things that you |
1774 | 02:48:12 --> 02:48:17 | see me doing in my recorded videos? It's the same stuff. I'm just picking the |
1775 | 02:48:17 --> 02:48:26 | better entries, but I'm showing you everything that you could consider and |
1776 | 02:48:26 --> 02:48:30 | how you factor all that stuff in. And you're never going to learn how to do |
1777 | 02:48:30 --> 02:48:34 | this until you get in here and you practice like this, annotating, |
1778 | 02:48:34 --> 02:48:35 | screenshotting, |
1779 | 02:48:40 --> 02:48:44 | and doing it every single day. What the fuck do? |
1780 | 02:49:13 --> 02:49:16 | There you go. There's the speed we're looking for that would be a partial, and |
1781 | 02:49:16 --> 02:49:28 | we want to see it drive down into the to take profit, which Trinity has done a |
1782 | 02:49:28 --> 02:49:35 | really good job of fucking around with today. Let this be something for your |
1783 | 02:49:35 --> 02:49:39 | tech team be working on, folks, because you can see, I'm live streaming this |
1784 | 02:49:39 --> 02:49:43 | stuff, and it's not working. Well, my concepts are working well, I'm |
1785 | 02:49:54 --> 02:49:58 | admittedly fucking raging right now because I've asked my private mentorship |
1786 | 02:49:58 --> 02:50:03 | students to stop posting in the. In the channels that I don't want to toggle off |
1787 | 02:50:03 --> 02:50:06 | to do the little mute button, |
1788 | 02:50:11 --> 02:50:15 | but I just had to go in there and you raise health and I'm pissed off because |
1789 | 02:50:15 --> 02:50:16 | they kept doing it. |
1790 | 02:50:22 --> 02:50:28 | So the 1515, minute relative equal lows are the top of that, that blue shaded |
1791 | 02:50:28 --> 02:50:29 | area, |
1792 | 02:50:34 --> 02:50:43 | there's another example of I'll never trade live in front I there's |
1793 | 02:50:43 --> 02:50:50 | executions, and none of this was done with Market Replay. That's how you do |
1794 | 02:50:50 --> 02:50:57 | it. Tito, that's how you do it. What the fuck i |
1795 | 02:51:03 --> 02:51:10 | i Listen. I am live streaming. My alerts in here are on every time you fucking |
1796 | 02:51:10 --> 02:51:14 | post here, it's appearing in my live stream. If I see it again, I'm banning |
1797 | 02:51:14 --> 02:51:17 | you. I've been very clear about it. Stop posting until the live streams done. |
1798 | 02:51:17 --> 02:51:22 | Please. Now understand that the fuck. |
1799 | 02:51:33 --> 02:51:39 | Okay, so you tell me, is this something that you think would be worthwhile for |
1800 | 02:51:39 --> 02:51:42 | you to do with your demo account? Now I'm not saying you're going to be able |
1801 | 02:51:42 --> 02:51:45 | to be this good at reading it. You're not going to be that good at the |
1802 | 02:51:45 --> 02:51:51 | beginning. Caleb's not going to be that good in the beginning. But you're never |
1803 | 02:51:51 --> 02:51:56 | going to get to be able to acquire the skill set to say that you are good until |
1804 | 02:51:56 --> 02:52:01 | you get in here and you experiment and you practice and you practice and you |
1805 | 02:52:01 --> 02:52:05 | practice and you practice. You ask me, How do I know these things? How do I |
1806 | 02:52:05 --> 02:52:10 | know this? First of all, you have to have a baseline foundation of what it is |
1807 | 02:52:10 --> 02:52:15 | that you're expecting in price action. You have to predict price, folks, that's |
1808 | 02:52:15 --> 02:52:20 | the that's the reality of this. Okay, you have to predict price. We're not |
1809 | 02:52:20 --> 02:52:26 | reacting to shit. I'm waiting for something that I'm waiting to see form |
1810 | 02:52:26 --> 02:52:32 | when it forms. I'm engaging it. I'm selling into it when it's going up. I'm |
1811 | 02:52:32 --> 02:52:36 | not selling when it's going down. I'm not chasing price. I never fucking Chase |
1812 | 02:52:36 --> 02:52:41 | price. Twitter has a real big fucking bitter pill to swallow today. Okay, they |
1813 | 02:52:41 --> 02:52:45 | have a real big fucking pill to swallow, and I hope they fucking choke on it, |
1814 | 02:52:45 --> 02:52:51 | because this is an everyday instance, every single day instance, where looking |
1815 | 02:52:51 --> 02:52:55 | for the things that I teach and price gravitates to them. We wanted to see |
1816 | 02:52:56 --> 02:53:01 | these 15 minute lows traded to yesterday. No problem, not a problem at |
1817 | 02:53:01 --> 02:53:08 | all. It delivered the next day. But there was trades taken in my students |
1818 | 02:53:08 --> 02:53:13 | group in the free students community. I mean, everybody's everybody was |
1819 | 02:53:13 --> 02:53:17 | basically copying what I was outlining yesterday in the NASDAQ, and they were |
1820 | 02:53:17 --> 02:53:20 | sharing it. And admittedly, that kind of pisses me off, because if you want to |
1821 | 02:53:20 --> 02:53:25 | make your trades on that stuff and you make money off of it, keep it private. |
1822 | 02:53:25 --> 02:53:29 | Don't Don't tell me about it. Don't add don't at me, okay, because it gets in my |
1823 | 02:53:29 --> 02:53:33 | head and screws me up. Like, right now I'm pissed off that my private |
1824 | 02:53:33 --> 02:53:38 | mentorship group, one of them has, it's very simple, if I say, Stop posting in |
1825 | 02:53:38 --> 02:53:41 | the channel, like, Put the fucking in there, doing that. I'm live streaming. |
1826 | 02:53:41 --> 02:53:44 | I'm literally teaching right now. What are you in there conversing about? You |
1827 | 02:53:44 --> 02:53:49 | should be watching, paying attention. You're in your fucking chit chat. And |
1828 | 02:53:49 --> 02:53:53 | fucking alerts popping up. Dang. I'm fucking raging right now. I'm literally |
1829 | 02:53:53 --> 02:54:01 | fucking fuming right now. I could spit fucking nails. Alright? So I done lost |
1830 | 02:54:01 --> 02:54:06 | count. Where we're at now, how many do I gotta do? Get to 10? We have 1234567, |
1831 | 02:54:10 --> 02:54:19 | got three more to do. Let's see if I can lose this $3,100, all right, let's see |
1832 | 02:54:19 --> 02:54:31 | here. We've wiped out the the 15 minute relative equal lows. Let's do this. |
1833 | 02:54:31 --> 02:54:45 | Let's do this. Go over to let's go to a 15 minute chart. Real quick. All right? |
1834 | 02:54:45 --> 02:54:50 | And yes, it's ugly. Take this stuff off for a second. So here's those relative |
1835 | 02:54:50 --> 02:54:55 | equal lows. We traded down to that. That was what I was trading. We have this |
1836 | 02:54:55 --> 02:55:01 | low, and let's examine that though, see if we're. Anything in here you can use, |
1837 | 02:55:01 --> 02:55:10 | are you having fun today? In this fun, it's all fun. It's just drills, okay? |
1838 | 02:55:10 --> 02:55:16 | It's exercise with a purpose. All right, so we have, um, |
1839 | 02:55:27 --> 02:55:29 | this inefficiency right there. |
1840 | 02:55:41 --> 02:55:45 | Okay, and we're inside that right now. So next order of business would be |
1841 | 02:55:45 --> 02:56:01 | rejection block there, and then the actual low. And if you want extra |
1842 | 02:56:01 --> 02:56:08 | credit, you can do the consequence of the wick there. So there's our next |
1843 | 02:56:08 --> 02:56:12 | three key levels, and that would look like over here. These, I |
1844 | 02:56:28 --> 02:56:33 | Okay, and all I just did was wrote down on my notepad these individual levels |
1845 | 02:56:34 --> 02:56:37 | and just shorthanded little notes as of what they are, rejection block. 19,008 |
1846 | 02:56:38 --> 02:56:45 | 94 and a half, consequent encroachment. 19,008 77, and a half and 15 minute low. |
1847 | 02:56:45 --> 02:56:52 | 19,008 60 even. Okay, and then we can go back and add all this bullshit back on |
1848 | 02:56:52 --> 02:56:53 | here again, |
1849 | 02:56:59 --> 02:57:07 | and to simply watch they have the weekly biosymbol balance, cell sign efficiency, |
1850 | 02:57:07 --> 02:57:16 | consequence level down here at 19,008 83, and a quarter, we have a volume |
1851 | 02:57:16 --> 02:57:21 | imbalance in there that could have been used for a short exercise as well. |
1852 | 02:57:41 --> 02:57:42 | This right here. |
1853 | 02:58:02 --> 02:58:15 | I volume of balance right here. So now let's practice with that in mind, like |
1854 | 02:58:15 --> 02:58:22 | we're going to use really, really low towards the low of the day, low |
1855 | 02:58:22 --> 02:58:26 | probability, but unfinished business. Down here we have weekly Python, |
1856 | 02:58:26 --> 02:58:29 | balance, cell, sign efficiency, consequent encouragement, |
1857 | 02:58:34 --> 02:58:44 | stop loss, and then target, right before I get into that level. Okay. It's not a |
1858 | 02:58:44 --> 02:58:47 | fair value gap, but I'm just going to show you, because I'm getting pissed off |
1859 | 02:58:47 --> 02:58:51 | sitting here and I want to get through the exercise number that I was supposed |
1860 | 02:58:51 --> 02:58:53 | to go through 10. So now we're at eight. |
1861 | 02:59:00 --> 02:59:04 | Now the volume of balance being treated as something bullish. See that volume of |
1862 | 02:59:04 --> 02:59:11 | balance right there. I'm using what this what this market's giving me. It's not |
1863 | 02:59:11 --> 02:59:13 | giving me a fair value got yet. So |
1864 | 02:59:22 --> 02:59:35 | I'm first presented fair value gap today was a banger. Beautiful, beautiful, |
1865 | 02:59:35 --> 02:59:35 | beautiful. |
1866 | 02:59:42 --> 03:00:04 | You. Above consequence encroachment of the WIC. Okay, that's nine. I got one |
1867 | 03:00:04 --> 03:00:09 | more to go. We have fair value gap here. |
1868 | 03:00:18 --> 03:00:27 | Hello, see if we can try to make A run on to these relative equal highs. I |
1869 | 03:01:00 --> 03:01:20 | The easiest way to get over your fear is to simply just get in here and press the |
1870 | 03:01:20 --> 03:01:25 | button and just submit to whatever it's going to do. And over time, you'll get |
1871 | 03:01:25 --> 03:01:28 | better at reading price. You'll get better at seeing the ones that you would |
1872 | 03:01:28 --> 03:01:31 | really like to take a trade on. Everything improves with time. It's not |
1873 | 03:01:33 --> 03:01:36 | going to feel comfortable doing it in the beginning. It's going to feel like, |
1874 | 03:01:36 --> 03:01:41 | what am I actually doing here? But over time, you'll get to the point where it's |
1875 | 03:01:44 --> 03:01:51 | just a matter of like a meditation, like you just meditate doing executions, |
1876 | 03:01:51 --> 03:01:55 | pushing the envelope of getting in, getting in, getting in, getting in, |
1877 | 03:01:55 --> 03:01:59 | getting in, getting in with no fear or expectation the outcome. You're just |
1878 | 03:01:59 --> 03:02:03 | looking at price gravitating towards a level that you think is going to be |
1879 | 03:02:03 --> 03:02:07 | magnetized for price is going to draw to it. It doesn't mean you're right. |
1880 | 03:02:08 --> 03:02:11 | Doesn't need to be right. It doesn't mean that you are a bad trader. If you |
1881 | 03:02:11 --> 03:02:16 | have more executions to get stopped out than winning executions, because it's an |
1882 | 03:02:16 --> 03:02:22 | exercise. When you go to the gym, you work out, you go there for two weeks, |
1883 | 03:02:23 --> 03:02:27 | are you at the weight and the physique that you wanted to do, or have at the |
1884 | 03:02:27 --> 03:02:30 | time when you first start out to have the goal of wanting to exercise and |
1885 | 03:02:30 --> 03:02:35 | improve your wellness and health? No, of course not. But you know, by doing those |
1886 | 03:02:35 --> 03:02:40 | things you're going to do, what move in the direction of getting to that goal, |
1887 | 03:02:41 --> 03:02:45 | and you have to have some kind of structured approach and going in and |
1888 | 03:02:45 --> 03:02:51 | attacking pools of liquidity, going in using fair value gaps, every single one |
1889 | 03:02:51 --> 03:02:55 | that pops up and engage in it. Just use it. Just get in there and pop it and |
1890 | 03:02:55 --> 03:02:59 | just trade on it. And what will happen is you'll get better at doing it over |
1891 | 03:02:59 --> 03:03:04 | and over and over again. And you you build this affinity for what the |
1892 | 03:03:04 --> 03:03:09 | market's doing at that given time. Okay, hopefully it makes sense. It may not |
1893 | 03:03:09 --> 03:03:14 | make sense to some of you. It may sound like a bunch of bullshit, but the bottom |
1894 | 03:03:14 --> 03:03:17 | line is, is there's nothing there. I'm not afraid of pushing the button in |
1895 | 03:03:17 --> 03:03:22 | front of all you. Okay? I'm literally just reading every tiny, little, minor |
1896 | 03:03:22 --> 03:03:26 | fluctuation without any kind of rhyme or reason, except for, here's where it |
1897 | 03:03:26 --> 03:03:31 | could draw to for stops, and here's the right now, the right now fair value gap |
1898 | 03:03:32 --> 03:03:35 | and the right now fair value gap is not always the right one. And that's, that's |
1899 | 03:03:35 --> 03:03:41 | what you get by doing this. You find out the ones that work because you've done |
1900 | 03:03:41 --> 03:03:49 | enough of them, you've seen enough of it. Okay, so give me a second here. I |
1901 | 03:03:49 --> 03:03:52 | think I did 10. Did I do 10? |
1902 | 03:04:00 --> 03:04:12 | 1234, if I 56789, 10. There you go, 10 of them. The net results, $3,575 the |
1903 | 03:04:13 --> 03:04:23 | 123456, negative transactions inside of 10 transactions of drills, not not |
1904 | 03:04:23 --> 03:04:26 | highly selected trades, not high probability entries, not the ones I want |
1905 | 03:04:26 --> 03:04:31 | to trade on, but I'm forcing myself to take as the market's moving around, if |
1906 | 03:04:31 --> 03:04:36 | it creates a fair value gap, I want to see it draw to a particular pool of |
1907 | 03:04:36 --> 03:04:41 | liquidity. That's what we watched today. That's all we watched today. Okay, |
1908 | 03:04:41 --> 03:04:45 | that's all it is. And when you go into your demo account trading and you use it |
1909 | 03:04:45 --> 03:04:52 | like this, it gives you now a baseline. Now you can't use today's as your |
1910 | 03:04:52 --> 03:04:55 | experience, because it was me doing what I was doing. Okay? I was making the |
1911 | 03:04:55 --> 03:05:02 | decisions, doing all this today, not you. So what I. You to do is go forward |
1912 | 03:05:02 --> 03:05:06 | with this. And if you can, if you have the ability to do it today in the |
1913 | 03:05:06 --> 03:05:12 | afternoon, try to do it where you're going to engage with a 15 second chart, |
1914 | 03:05:12 --> 03:05:17 | or one minute chart, and take as many executions as you can. You want to use a |
1915 | 03:05:17 --> 03:05:23 | one minute chart, you know, as as the highest time frame, because the one |
1916 | 03:05:23 --> 03:05:27 | minute chart is going to give you lots of opportunities to practice. The 15 |
1917 | 03:05:27 --> 03:05:31 | second chart will give you even more, because there's a whole lot more price |
1918 | 03:05:31 --> 03:05:35 | delivery, and there's lots of fair value gaps that form on this time frame, |
1919 | 03:05:35 --> 03:05:38 | there's lots of little pools of liquidity, little short term highs, |
1920 | 03:05:38 --> 03:05:42 | little short term lows and whatnot. So it gives you a great deal of framework |
1921 | 03:05:42 --> 03:05:47 | to practice in. It's a perfect little laboratory experiment, and it hopefully, |
1922 | 03:05:47 --> 03:05:53 | if you use it this way, as a as a coaching mechanism for yourself, like |
1923 | 03:05:53 --> 03:05:58 | you can do your own measurement of progress by doing this every single day. |
1924 | 03:05:59 --> 03:06:14 | Now, what time was my first execution, 930 something, right now, over here, 951 |
1925 | 03:06:14 --> 03:06:27 | is that right? I think no. Here you go. Alright, so 936 All right, I didn't do |
1926 | 03:06:27 --> 03:06:39 | anything earlier. Now, did yeah, there we go. 926 926 and then stopped out |
1927 | 03:06:39 --> 03:06:43 | there, and then use the first fair value gap of the of the morning, and then look |
1928 | 03:06:43 --> 03:06:51 | at look where it was there to all the way down to the relative eco lows. |
1929 | 03:06:51 --> 03:06:56 | That's how you take your framework in your exercise, and say, Okay, which one |
1930 | 03:06:56 --> 03:07:01 | of all the trades I was in, which one was my best one, which one was my worst |
1931 | 03:07:01 --> 03:07:05 | one, and which one was the closest one, on the line with what actually delivered |
1932 | 03:07:05 --> 03:07:10 | the best in the parts of of trading. And you can see that, you know, it's pretty |
1933 | 03:07:10 --> 03:07:16 | it's pretty good in it. It's random, but trading down to where I told you |
1934 | 03:07:16 --> 03:07:21 | yesterday, it would most likely reach for and we're in that now. So next order |
1935 | 03:07:21 --> 03:07:24 | of business is that weekly buy side balance, sell side efficiencies, |
1936 | 03:07:24 --> 03:07:30 | consequence encroachment, and that's volatility, Pinball. It means you're |
1937 | 03:07:30 --> 03:07:34 | buying and selling, buying and selling, using every fair value gap that forms on |
1938 | 03:07:34 --> 03:07:39 | a 15 second or one minute chart. And you're going to run with that to a old |
1939 | 03:07:39 --> 03:07:44 | high or an old low that's all you're doing, and you just practice doing that. |
1940 | 03:07:44 --> 03:07:50 | I promise you, it will feel weird dealing it'll feel like you're wasting |
1941 | 03:07:50 --> 03:07:53 | time. It'll feel like you don't know what you're doing. Why do this? Why do |
1942 | 03:07:53 --> 03:07:57 | this? When you start getting a baseline measurement of what it is that you're |
1943 | 03:07:57 --> 03:08:04 | measuring, and I want you to think about me aiming for, for these relative equal |
1944 | 03:08:04 --> 03:08:07 | highs and then trading up into the consequent crochet of that wick right |
1945 | 03:08:07 --> 03:08:13 | there you see that. Look at that delivery and down into the low here, |
1946 | 03:08:13 --> 03:08:17 | you're not going to find that in your Elliot wave shit. Okay, you're not, |
1947 | 03:08:17 --> 03:08:26 | you're not going to find that. But just when you come to my videos and you watch |
1948 | 03:08:26 --> 03:08:30 | my live streams or whatnot, or you read my Twitter posts, I have a great deal of |
1949 | 03:08:30 --> 03:08:36 | fun you know, torquin people that love to hate me. I'm convinced that not all |
1950 | 03:08:36 --> 03:08:39 | of them really genuinely hate me. They like to get a rise out of me, and I I |
1951 | 03:08:39 --> 03:08:44 | don't mind. I like to reciprocate and give a little bit back to them. There's |
1952 | 03:08:44 --> 03:08:52 | the consequence and fishy inefficiency rather, and it's for it's for sport. |
1953 | 03:08:52 --> 03:08:57 | Okay, I'm not losing sleep over anything anybody says about me online, because I |
1954 | 03:08:57 --> 03:09:01 | know what I know. I know I can trade. I know I've made millionaire students. I |
1955 | 03:09:01 --> 03:09:04 | have profitable students all around the world. I have new students coming in, |
1956 | 03:09:04 --> 03:09:07 | learning right now with you side by side, and they're learning right along |
1957 | 03:09:07 --> 03:09:17 | with my son. So when you see, I guess it's like, what are you here for? |
1958 | 03:09:18 --> 03:09:22 | Because if you hear just the, you know, to poke fun, that's fine. I mean, I'm |
1959 | 03:09:22 --> 03:09:26 | not going to block you because of that, but if you constantly take what I said |
1960 | 03:09:26 --> 03:09:31 | out of context, I'm going to mute you because you're not being honest. You're |
1961 | 03:09:31 --> 03:09:35 | not You're not reporting back what really was going on, like today. There's |
1962 | 03:09:35 --> 03:09:39 | no doubting it. Now you've seen it. Okay? There's pushing the buttons. |
1963 | 03:09:39 --> 03:09:45 | There's a net result at the end that even if you look at that, that's not my |
1964 | 03:09:45 --> 03:09:50 | real result. My real result would be simply taking that first fair value gap |
1965 | 03:09:50 --> 03:09:55 | entry and adding more to it here, pyramiding there, and pyramiding into |
1966 | 03:09:55 --> 03:10:01 | that. And I don't want to go so far say i. Be in this pyramid in that but I |
1967 | 03:10:01 --> 03:10:06 | would have been out in here. You know, I just look at my trades and see that |
1968 | 03:10:06 --> 03:10:12 | that's how I trade it. That's how I do it. And when people say, you do it live, |
1969 | 03:10:12 --> 03:10:16 | do it live. Do it live. I know really what you want to see. You want to see |
1970 | 03:10:16 --> 03:10:22 | it, so that way you can copy me. That's really, really, what you want, and I |
1971 | 03:10:22 --> 03:10:30 | really, really love denying that because it's problematic for me. Okay, I can |
1972 | 03:10:30 --> 03:10:39 | trade without any emotion when I know that I'm the only one in there, when I'm |
1973 | 03:10:39 --> 03:10:46 | by myself and no one is aware of what I'm doing, I feel confident that I'm I'm |
1974 | 03:10:46 --> 03:10:54 | equipped to to measure the risk and to incur that risk. If I'm wrong, I'm |
1975 | 03:10:54 --> 03:10:59 | willing to be wrong, but I'm not willing, as a mentor, as a teacher, to |
1976 | 03:10:59 --> 03:11:05 | allow you to assume greater risk than you really should take on. And what does |
1977 | 03:11:05 --> 03:11:09 | that mean? I'm certain that some of you probably did some of these things today |
1978 | 03:11:09 --> 03:11:13 | with a live account, or a funded account or a challenged combine something to |
1979 | 03:11:13 --> 03:11:18 | that effect, and I'm dreading going over to Twitter just for that, not because |
1980 | 03:11:18 --> 03:11:20 | anybody else that might have something trolling to say, because I'm only |
1981 | 03:11:20 --> 03:11:27 | trouble today, because it's pretty much obvious now, but I get I get nervous. |
1982 | 03:11:27 --> 03:11:32 | Okay, I'm going to be real honest with you, I get really, really nervous when I |
1983 | 03:11:32 --> 03:11:36 | know other people are risking money on the things that I'm doing. Because I |
1984 | 03:11:36 --> 03:11:41 | don't have that fear. I don't look at my transactions as I'm gonna lose money, |
1985 | 03:11:41 --> 03:11:47 | I'm gonna hurt myself financially. I don't feel that. And when I see other |
1986 | 03:11:47 --> 03:11:54 | people telling me that, thank you, ICT, you're the king high five, and that's |
1987 | 03:11:54 --> 03:11:57 | showing me their trade that this took, and I know that that was based on what I |
1988 | 03:11:57 --> 03:12:04 | just said in the live stream, my stomach turns in a knot like that makes me |
1989 | 03:12:04 --> 03:12:09 | emotional about what I'm going to do next, and I don't feel that otherwise, |
1990 | 03:12:09 --> 03:12:14 | I'm like a psychotic killer. I have zero of emotion. I'm nothing. I'm blanked out |
1991 | 03:12:14 --> 03:12:20 | in emotion, like I don't have any feelings. When I'm trading I have zero |
1992 | 03:12:20 --> 03:12:25 | feelings. But if I know I have students around the world that I are potentially |
1993 | 03:12:25 --> 03:12:29 | putting real money at risk behind that now, all of a sudden, my mind moves from |
1994 | 03:12:30 --> 03:12:38 | the process of watching these candles do what I want them to do to now, are they |
1995 | 03:12:38 --> 03:12:42 | being smart enough to take the partial off here? Are they freaking out when |
1996 | 03:12:42 --> 03:12:46 | this retracements occurring right now? But I'm not nervous about it. Think |
1997 | 03:12:46 --> 03:12:50 | about how it was, what was booking price back here. I can take these off now. |
1998 | 03:12:54 --> 03:12:58 | When price was trading here with the inversion fair value gap, and I was |
1999 | 03:12:58 --> 03:13:05 | talking about how price can use the same effect that we seen and I taught the |
2000 | 03:13:05 --> 03:13:08 | 2022, model, you know, the one the kid just made a million dollars with. I |
2001 | 03:13:09 --> 03:13:15 | suppose we just watched one video, to be honest, man, this higher fair value gap |
2002 | 03:13:15 --> 03:13:21 | there because it's there with this inversion fair value gap. Remember, I |
2003 | 03:13:21 --> 03:13:24 | was teaching yesterday about inversion fair value gap. It's got to trade away |
2004 | 03:13:24 --> 03:13:29 | from it and then come back up. And you want to see the body stay in the lower |
2005 | 03:13:29 --> 03:13:32 | half, but it can wick to the upper half of it. Now in this case, what is it |
2006 | 03:13:32 --> 03:13:38 | doing? It's wicking outside of that orange box. Is that normal? In this |
2007 | 03:13:38 --> 03:13:42 | instance, it is. Why? Because I called your attention to this fair value gap, |
2008 | 03:13:42 --> 03:13:47 | because it's a similar idea that having two fair value gaps stacked up on the |
2009 | 03:13:47 --> 03:13:53 | distribution side of the curve here, when it's going down, it can stab up |
2010 | 03:13:53 --> 03:13:54 | into that. So your stop loss has to be |
2011 | 03:13:56 --> 03:14:00 | making an allowance for the market to trade up into that. But how far can it |
2012 | 03:14:00 --> 03:14:07 | trade up into it? It needs to stay below the upper half or the midpoint here, and |
2013 | 03:14:07 --> 03:14:17 | you can see it does that. So there's no, there's no reason to fear, you know, |
2014 | 03:14:17 --> 03:14:20 | doing it wrong, because there's enough winning trades out there to fix all that |
2015 | 03:14:20 --> 03:14:26 | stuff. And they repeat a lot. And you saw me do a lot of trades executions |
2016 | 03:14:26 --> 03:14:31 | here today, and using a 15 second chart, I was buying and selling and even |
2017 | 03:14:31 --> 03:14:35 | forcing myself in the situations where I knew it was low probability, but you're |
2018 | 03:14:36 --> 03:14:41 | you're able to see me call it why it should do what it should do when it's on |
2019 | 03:14:41 --> 03:14:46 | side. That's the takeaway. I told you where it's going to go to yesterday, we |
2020 | 03:14:46 --> 03:14:51 | traded to it. Today, I would be completely done with the morning |
2021 | 03:14:51 --> 03:14:54 | session, and I would close my charts. And that's what I'm going to do today. |
2022 | 03:14:54 --> 03:14:57 | I'm going to do that now. So I hope you learned something today. I hope you had |
2023 | 03:14:57 --> 03:15:01 | fun doing it. Hope you've been inspired to practice. This with your demo account |
2024 | 03:15:01 --> 03:15:05 | like this. Now, don't be discouraged if you're not doing the types these type of |
2025 | 03:15:05 --> 03:15:10 | setups, if you can't see these things in the beginning, that's a byproduct of you |
2026 | 03:15:10 --> 03:15:15 | practicing and studying ongoing. That's what you get over time. Caleb, you're |
2027 | 03:15:15 --> 03:15:19 | not going to get like this just the first two times that you start doing it, |
2028 | 03:15:19 --> 03:15:25 | but still submit to it every day and over time. How much time months? You'll |
2029 | 03:15:25 --> 03:15:31 | see progress in a couple weeks, but you'll see notable progress in two to |
2030 | 03:15:31 --> 03:15:38 | three months. By doing that as a natural progression of working towards refining |
2031 | 03:15:38 --> 03:15:44 | your skill being able to reprice using limit orders, always limit orders, |
2032 | 03:15:44 --> 03:15:50 | always limit orders, always limit orders, not marketing in, not marketing |
2033 | 03:15:50 --> 03:15:55 | in. If you're using a market order, you're rushing, you're being impulsive, |
2034 | 03:15:55 --> 03:15:59 | and you're probably being emotional, and the only time that is invited and |
2035 | 03:15:59 --> 03:16:03 | allowed is when you're trying to hurry up, protect your money, if you feel like |
2036 | 03:16:03 --> 03:16:07 | something's amiss, something's really wrong, it's easier just to close the |
2037 | 03:16:07 --> 03:16:12 | trade and just be out of it. Just do that, move to the sidelines and market |
2038 | 03:16:12 --> 03:16:18 | out. Just get out. But entering a trade you should never, ever, ever, even |
2039 | 03:16:18 --> 03:16:21 | though you've seen a plethora of me entering my trades with a market order, |
2040 | 03:16:21 --> 03:16:26 | because I'm using these hot buttons up here. Again, I have only been doing that |
2041 | 03:16:26 --> 03:16:34 | to show you that it's not Market Replay. Okay, so clearly we saw executions today |
2042 | 03:16:34 --> 03:16:39 | only on the basis of limit orders. Today, only limit orders, and I'm going |
2043 | 03:16:39 --> 03:16:45 | to leave it to you all as the as the community. Okay, do you see any value in |
2044 | 03:16:45 --> 03:16:51 | having this as a exercise? Do you have any reasons why this would not be |
2045 | 03:16:51 --> 03:16:58 | beneficial to someone that would be trying to learn how to do what I teach? |
2046 | 03:16:59 --> 03:17:04 | Because you have to do stuff when I'm not talking in between, when you're |
2047 | 03:17:04 --> 03:17:09 | watching videos. What are what are you as the student in the making? What are |
2048 | 03:17:09 --> 03:17:13 | you as the person trying to learn how to do this? What are you doing? What are |
2049 | 03:17:13 --> 03:17:18 | you bringing to this journey? Because if it's just ICT talking to you and I'm |
2050 | 03:17:18 --> 03:17:22 | entertaining you and hopefully communicating something that's useful to |
2051 | 03:17:22 --> 03:17:27 | you and engaging your attention. If that's all there is to it, then you're |
2052 | 03:17:27 --> 03:17:30 | never going to get good at this. You're never going to make money with it, and |
2053 | 03:17:30 --> 03:17:34 | you're never going to be able to pass these account funds challenges you've |
2054 | 03:17:34 --> 03:17:39 | put forth in front of you, because you this is the stuff you have to do. This |
2055 | 03:17:39 --> 03:17:44 | is all part of it, and if you don't recognize that, if you don't see it for |
2056 | 03:17:44 --> 03:17:50 | what it is, then you're you're wasting your time. I'm not wasting your time. |
2057 | 03:17:50 --> 03:17:52 | I'm not giving you stuff that doesn't work. I'm giving you stuff that |
2058 | 03:17:52 --> 03:17:58 | absolutely works. And as much as you think it's too much to listen to and too |
2059 | 03:17:58 --> 03:18:01 | much to go through, you look at all those videos over there on that YouTube |
2060 | 03:18:01 --> 03:18:09 | channel, 500 plus videos, man, or whatever count is. But you don't have to |
2061 | 03:18:09 --> 03:18:13 | watch all those videos. If you just start with the 2024 mentorship. I'm |
2062 | 03:18:13 --> 03:18:18 | literally giving you a hand holding session as best as I can over real time |
2063 | 03:18:18 --> 03:18:24 | price action, just like I was when I was doing mentorship. Nothing here is |
2064 | 03:18:24 --> 03:18:29 | getting deleted. Nothing ever gets edited. The live stream goes up on the |
2065 | 03:18:29 --> 03:18:34 | live stream section of the YouTube channel as is, anything that I've said |
2066 | 03:18:34 --> 03:18:37 | incorrectly, anything that I've done wrong or incorrect, is still in there. |
2067 | 03:18:37 --> 03:18:41 | That's exactly how it was for me on my paid mentorship. That's exactly how it |
2068 | 03:18:41 --> 03:18:47 | was. I've never edited anything, absolutely nothing to make myself look |
2069 | 03:18:47 --> 03:18:53 | good. I don't need to. All I got to do is be myself and I look good. So you |
2070 | 03:18:53 --> 03:18:58 | either find value in this and you come back tomorrow, or you go somewhere else. |
2071 | 03:18:58 --> 03:19:04 | It's simple as that, okay? I have no problems doing executions. I have no |
2072 | 03:19:04 --> 03:19:07 | problem teaching you how to do it. I have no problem showing you the history |
2073 | 03:19:07 --> 03:19:12 | tab when it's beneficial for you. But I like to make sure that there's nothing |
2074 | 03:19:12 --> 03:19:18 | in my mind that's distracting me and in my mind. If I worked for TradingView and |
2075 | 03:19:18 --> 03:19:24 | I had the ability to put something on my account, and I could link it to some |
2076 | 03:19:24 --> 03:19:28 | kind of trade copy and service, I would absolutely fucking do it. And I don't |
2077 | 03:19:28 --> 03:19:32 | care if it risked being fired, because if I could get a week out of it, fuck |
2078 | 03:19:32 --> 03:19:37 | it. I'm doing it. I'm going to do that because I'm sure trading view ain't |
2079 | 03:19:37 --> 03:19:42 | paying the kind of money that someone doing 15 contracts in a funded account |
2080 | 03:19:43 --> 03:19:48 | setting, because my stops are tight. Everybody else that uses those 15 |
2081 | 03:19:48 --> 03:19:51 | contracts, they have no idea the fuck they're doing. They're over leveraged. |
2082 | 03:19:51 --> 03:19:55 | They have no idea what price is doing, and they're blowing out. That's why |
2083 | 03:19:55 --> 03:19:58 | these guys that are influencers always resetting. They're always fucking |
2084 | 03:19:58 --> 03:20:03 | resetting because they do. Do not know how to fucking trade, but they're in |
2085 | 03:20:03 --> 03:20:07 | there influencing you. They're influencing you to do what to buy more |
2086 | 03:20:07 --> 03:20:13 | resets. I'm teaching you how to do no more resets. You just do one. You get |
2087 | 03:20:13 --> 03:20:19 | your money, make real money with it, and go into a real brokerage account and |
2088 | 03:20:19 --> 03:20:22 | trade with one contract and build up when you have one and a half times the |
2089 | 03:20:22 --> 03:20:27 | full margin, then you add one contract. That's proper risk management. That's |
2090 | 03:20:27 --> 03:20:32 | how you do it. That's how you really, really do it. And it's not about but I |
2091 | 03:20:32 --> 03:20:35 | can't make these five figure and six figure payouts. You're playing the |
2092 | 03:20:35 --> 03:20:40 | lottery. Man, that's not what trading is. Trading is about making consistent |
2093 | 03:20:40 --> 03:20:46 | progress and income, let time do the heavy lifting. You're you think that you |
2094 | 03:20:46 --> 03:20:51 | getting in there, trying to get these big windfall victories, that that's the |
2095 | 03:20:51 --> 03:20:54 | answer to your problem. And what you're going to do is, is you going to create a |
2096 | 03:20:54 --> 03:20:57 | new monster in you where Nothing satisfies you except for that, and what |
2097 | 03:20:57 --> 03:21:01 | happens when you can't do it consistently, you're going to blow up |
2098 | 03:21:02 --> 03:21:08 | now. Contrast that with cool hand. Luke comes out says, I'm going to listen to |
2099 | 03:21:08 --> 03:21:12 | ICT. Lot of people say a lot of shit about this man, but he just come out |
2100 | 03:21:12 --> 03:21:15 | here today and prove that, once more, live stream entries and exits and |
2101 | 03:21:15 --> 03:21:20 | everything. And I believe he's been proving with his executions that they |
2102 | 03:21:20 --> 03:21:25 | were legitimately done with the concepts that he's taught, and I used it again |
2103 | 03:21:25 --> 03:21:32 | live today, even in a drill setting, and it still does better than most of your |
2104 | 03:21:32 --> 03:21:34 | guys that you're watching on live stream. I'm telling you what the |
2105 | 03:21:34 --> 03:21:37 | market's going to do, and when they're staring at the fucking chart trying to |
2106 | 03:21:37 --> 03:21:40 | figure out what the fuck it's doing, well, maybe it's going to go up to the V |
2107 | 03:21:40 --> 03:21:43 | walk, maybe it's going to do this. Maybe it's going to death. Maybe it's going to |
2108 | 03:21:43 --> 03:21:46 | death. Well, let's see if it does this. Fuck that I'm going to do what I want to |
2109 | 03:21:46 --> 03:21:49 | do. It's going to do this. If I'm wrong, no problem. It's giving me more intel. |
2110 | 03:21:49 --> 03:21:53 | I'm going to do the opposite, or sit still and wait for the next set up. I'm |
2111 | 03:21:53 --> 03:21:58 | not reacting. I'm anticipating, I'm anticipating, I'm predicting the future. |
2112 | 03:22:00 --> 03:22:06 | And you have to have that as a goal in mind. You have to discount all the other |
2113 | 03:22:06 --> 03:22:10 | shit that people say that the market is random, because it's not that you have |
2114 | 03:22:10 --> 03:22:18 | to react to price. Okay, if you're reacting, you're always in second place |
2115 | 03:22:18 --> 03:22:23 | at the best. That means the person in the front of line you're reacting to |
2116 | 03:22:23 --> 03:22:27 | what they're doing, because they're the winner. Second place is never winning. |
2117 | 03:22:27 --> 03:22:33 | It's never ever winning. It's never ever winning. They only had, they only have |
2118 | 03:22:33 --> 03:22:38 | the same perspective, and the view is the ass of the guy that's leading. |
2119 | 03:22:39 --> 03:22:45 | That's the best you get to see, and you want to be the lead dog. You want to |
2120 | 03:22:45 --> 03:22:47 | have the view in front of you. Everything's in front of you, wide open, |
2121 | 03:22:48 --> 03:22:52 | wherever you want to go in trading. That's what I'm giving you. I'm giving |
2122 | 03:22:52 --> 03:22:56 | you that you have all the freedom in the world to take whatever PD array like I'm |
2123 | 03:22:56 --> 03:23:03 | using, just the the fair value guy, just the Fairbank, yeah. But if you go in |
2124 | 03:23:03 --> 03:23:07 | here and you look at just order blocks, the same thing, you practice, you do |
2125 | 03:23:07 --> 03:23:12 | your price action, uh, exercises and drills using volatility pinball, this |
2126 | 03:23:12 --> 03:23:16 | means you're just going every time it creates it. You don't try to put the |
2127 | 03:23:16 --> 03:23:20 | emphasis on this is the right one. This is the wrong one. Every time it happens |
2128 | 03:23:20 --> 03:23:24 | that you think you see it in the chart. Engage it. Engage it. Engage it. I |
2129 | 03:23:24 --> 03:23:28 | missed a few of them in here because my I'm trained to look for the right ones, |
2130 | 03:23:28 --> 03:23:31 | so I have to go in there purposely and try to fuck it up a little bit, because |
2131 | 03:23:33 --> 03:23:36 | if I go ahead and just trade, trade, trade, then it doesn't serve the purpose |
2132 | 03:23:36 --> 03:23:39 | of what I'm trying to show you here is where you don't want to have to demand |
2133 | 03:23:39 --> 03:23:40 | that you're right all the time, |
2134 | 03:23:42 --> 03:23:48 | and when you have less experience than I have, and you just start, I'm reminding |
2135 | 03:23:48 --> 03:23:52 | you, I'm giving you the permission as your teacher, as your mentor, that it's |
2136 | 03:23:52 --> 03:23:55 | normal for you not to know what you're doing, and it's also normal for you to |
2137 | 03:23:55 --> 03:23:58 | feel uncomfortable doing at all any of this because you don't know necessarily |
2138 | 03:23:58 --> 03:24:04 | what it is you're doing. Doesn't matter. 1015, 20 executions every single day |
2139 | 03:24:05 --> 03:24:10 | takes you about an hour, maybe an hour and a half at worse, but the time that |
2140 | 03:24:10 --> 03:24:16 | you invest in doing this pays dividends that you can't even imagine, because it |
2141 | 03:24:16 --> 03:24:20 | gives you the eye to see the ones that are the right ones. How do you recognize |
2142 | 03:24:20 --> 03:24:25 | that ICT, because I fucking have seen them 1000s and 1000s and 1000s of times, |
2143 | 03:24:25 --> 03:24:32 | within market delivery, within a present idea that I have for higher time frame |
2144 | 03:24:32 --> 03:24:37 | where I believe the market's going to trade to based on an economic calendar. |
2145 | 03:24:38 --> 03:24:44 | All those are factors, but you can't get that answer that satisfies you in one |
2146 | 03:24:44 --> 03:24:49 | post, in a tweet or one sentence, because you're asking for something that |
2147 | 03:24:49 --> 03:24:55 | can't be accomplished with something so small in its capacity or bandwidth, like |
2148 | 03:24:55 --> 03:25:00 | it's it. You're asking for something that needs a novel to just. Justify why |
2149 | 03:25:00 --> 03:25:04 | it's better to do it this way then what you're probably going to do if I give it |
2150 | 03:25:04 --> 03:25:07 | to you in a short, condensed version. Here's this, here's a short, condensed |
2151 | 03:25:07 --> 03:25:11 | version, and watch how you wreck yourself. Ready. High probability |
2152 | 03:25:11 --> 03:25:16 | successful, profitable trading is done by simply understanding where the |
2153 | 03:25:16 --> 03:25:20 | market's going to go to next at the right time of the day, knowing where a |
2154 | 03:25:20 --> 03:25:24 | high probability retracement is likely, but not to go past. So you can use a |
2155 | 03:25:24 --> 03:25:30 | stop loss to lock in that underlying risk and know in advance where there's |
2156 | 03:25:30 --> 03:25:34 | potential levels, where you can take parcels along the way, removing the |
2157 | 03:25:34 --> 03:25:38 | necessity about being correct until you get to your Terminus. That's it. I just |
2158 | 03:25:38 --> 03:25:45 | told you everything that my concepts do now that's a huge void to fill in. What |
2159 | 03:25:45 --> 03:25:48 | do you mean by that? ICT, what the fuck is a partial? Where do you take a |
2160 | 03:25:48 --> 03:25:52 | partial? Where do I put a stop loss at? Where do you frame a high probability |
2161 | 03:25:52 --> 03:25:56 | trade? When is it high probability? Well, when you first have to determine |
2162 | 03:25:56 --> 03:25:59 | when it's low probability, and that's what we've been focusing on. That's how |
2163 | 03:25:59 --> 03:26:03 | I opened up every new mentorship. Every single time a new start, a new group was |
2164 | 03:26:03 --> 03:26:08 | brought in. I started a new year. I started with them looking at, here is |
2165 | 03:26:08 --> 03:26:13 | high resistance, liquidity profiles. This is problematic conditions. And it |
2166 | 03:26:13 --> 03:26:17 | just seemed like to people that wanted to find any excuse, Oh, this guy doesn't |
2167 | 03:26:17 --> 03:26:22 | how to trade. Let me get the fuck out of here. Give me my money back. Get the out |
2168 | 03:26:22 --> 03:26:26 | of here, clown. Get out of here. I guarantee you those people that quit in |
2169 | 03:26:26 --> 03:26:30 | 2016 the very first fucking group, some of them actually did come back in to |
2170 | 03:26:30 --> 03:26:35 | 2018 2019 groups, some of them actually did come back in. But the ones that quit |
2171 | 03:26:35 --> 03:26:39 | and then never went back to try to get back into mentorship. I'm sure they |
2172 | 03:26:39 --> 03:26:44 | studied the elite content. But I promise you, they didn't do any well. They |
2173 | 03:26:44 --> 03:26:49 | probably have either quit trading entirely, or have lost money to the |
2174 | 03:26:49 --> 03:26:56 | degree where it's probably warped them because they're chasing give me money, |
2175 | 03:26:56 --> 03:27:00 | give me trades right now. You're a fraud, unless I see you making me money, |
2176 | 03:27:01 --> 03:27:06 | put me in trades, or you're a fraud. And to those type of people, I have a very |
2177 | 03:27:06 --> 03:27:11 | simple statement, go fuck yourself, because I don't owe that to you, and |
2178 | 03:27:11 --> 03:27:16 | nobody else does either. I didn't open up a signal service. I taught price |
2179 | 03:27:16 --> 03:27:21 | action how to read price I can stand out here every single fucking day. I can do |
2180 | 03:27:21 --> 03:27:25 | it in a courtroom. I can do it in front of the Supreme Court. I could do it on a |
2181 | 03:27:25 --> 03:27:27 | fucking TV. I could do it under a fucking lie detector. I could do |
2182 | 03:27:27 --> 03:27:30 | whatever fuck you want me to do. Okay, if you want me wearing fucking a |
2183 | 03:27:30 --> 03:27:34 | different color jumpsuit, I'll do that too. I can do like a fucking break dance |
2184 | 03:27:34 --> 03:27:38 | and fucking do it. I don't give a fuck. I'm not gonna forget how to do this. But |
2185 | 03:27:38 --> 03:27:45 | what isn't this astonishing is, every single time I do it, you get amnesia, |
2186 | 03:27:45 --> 03:27:50 | like it didn't happen, like you, like you didn't see me do it today. Because |
2187 | 03:27:50 --> 03:27:54 | you want me to get riled up and say, Well, watch this. I'm going to prove it. |
2188 | 03:27:54 --> 03:27:58 | I'm not doing that. I know what you're doing. I know exactly what you're doing. |
2189 | 03:27:58 --> 03:28:02 | And I would want to do it too. I would want to get me all good into thinking I |
2190 | 03:28:02 --> 03:28:05 | got to come in here and prove myself every day so that way you can copy me. |
2191 | 03:28:06 --> 03:28:14 | And that's not going to happen. I have this economy. I teach you. I teach you |
2192 | 03:28:14 --> 03:28:19 | conceptually. I prove it with real time examples. Okay, I proved it with real |
2193 | 03:28:19 --> 03:28:24 | money, in real accounts, not just in paper trading. When I'm teaching it, I |
2194 | 03:28:24 --> 03:28:29 | have to do it in a paper trading account, because the protection that |
2195 | 03:28:29 --> 03:28:33 | affords me, because I'm not, I'm not acting or operating as a financial |
2196 | 03:28:33 --> 03:28:40 | advisor, which is very, very important to me, because I am not loving the idea |
2197 | 03:28:40 --> 03:28:45 | of teaching you so much that I'm willing to open myself up to liability and |
2198 | 03:28:46 --> 03:28:49 | pretending to be a financial professional that would tell you what to |
2199 | 03:28:49 --> 03:28:55 | do with your money. I'm not. I'm not like that at all. So I teach with a demo |
2200 | 03:28:55 --> 03:28:59 | account. I teach with a paper trading account. And because this is all |
2201 | 03:28:59 --> 03:29:03 | lifetime, live, real time data, and you're all watching your own real time |
2202 | 03:29:03 --> 03:29:07 | data too. You know what I showed you today, and every time I live stream is |
2203 | 03:29:07 --> 03:29:14 | absolutely 100% fucking factual and true. I am not afraid of anything. I'm |
2204 | 03:29:14 --> 03:29:19 | not afraid of any market condition. I'm not surprised by anything. I'm not taken |
2205 | 03:29:19 --> 03:29:22 | back by anything. I know what I'm looking for, and if it doesn't give it |
2206 | 03:29:22 --> 03:29:27 | to me, that's okay. I will wait and I will take it later. It's simple. It's |
2207 | 03:29:27 --> 03:29:32 | very, very simple. And that sounds like arrogance, that sounds narcissistic, but |
2208 | 03:29:32 --> 03:29:36 | it's just confidence and knowing what I know. And my students that get really |
2209 | 03:29:36 --> 03:29:40 | good at this, that's a byproduct of it. You're never going to tell them they |
2210 | 03:29:40 --> 03:29:43 | don't know the fuck they're doing. They're doing. They're going to laugh in |
2211 | 03:29:43 --> 03:29:46 | your fucking face. And if you come at them, don't be upset when they break |
2212 | 03:29:46 --> 03:29:48 | your heart and tell you you're full of shit. And they're going to be quick to |
2213 | 03:29:48 --> 03:29:52 | say, you put yours up against mine. That's how you know they're one of mine, |
2214 | 03:29:52 --> 03:29:59 | because one of mine will walk a fucking mud hole in your ass. Simple. So |
2215 | 03:29:59 --> 03:30:03 | hopefully. Like I said, you had some some information given to you today, |
2216 | 03:30:03 --> 03:30:08 | something that was useful. This is volatility, Pinball. It's an exercise |
2217 | 03:30:08 --> 03:30:13 | where you go in whatever, whatever PD array, okay, whatever one that you like. |
2218 | 03:30:13 --> 03:30:17 | Don't let me feel like I'm forcing the fair value gap on you, like I'm doing my |
2219 | 03:30:17 --> 03:30:20 | son, like Caleb, doesn't have a choice in the matter right now, later on, once |
2220 | 03:30:20 --> 03:30:23 | he proves he proves he can do it consistently with the fair value gap, if |
2221 | 03:30:23 --> 03:30:28 | he wants to start doing another PD array, have that son, but right now, you |
2222 | 03:30:28 --> 03:30:32 | have to start somewhere. And starting somewhere is where everybody has to you |
2223 | 03:30:32 --> 03:30:36 | have to start somewhere. And it gives you a baseline experience. And then it's |
2224 | 03:30:36 --> 03:30:41 | all up from there, it's all up from there, it's never I'm getting less |
2225 | 03:30:41 --> 03:30:43 | experienced by doing more of the same thing. No, you're getting more |
2226 | 03:30:43 --> 03:30:48 | experience and by going out here and engaging the uncertainty of real time, |
2227 | 03:30:48 --> 03:30:53 | price action, engaging the hard right edge, not knowing what the fuck is going |
2228 | 03:30:53 --> 03:30:59 | on. Think about that. Think about that. John Q Public is looking at this chart |
2229 | 03:30:59 --> 03:31:04 | right now, maybe not on the 15 second chart. But they're looking at that chart |
2230 | 03:31:04 --> 03:31:08 | right now and they're thinking, What the actual fuck is this thing doing? Like, |
2231 | 03:31:08 --> 03:31:12 | what is going on? Where is this thing going? I gotta know, like, I'm down. I |
2232 | 03:31:12 --> 03:31:17 | lost money. What the hell am I gonna do here? And here we walk this pony in |
2233 | 03:31:17 --> 03:31:22 | here. I told you it was gonna likely go up to a level here, but not go past a |
2234 | 03:31:22 --> 03:31:25 | certain one. Certain one. It's going to treat these specific levels in a in a |
2235 | 03:31:25 --> 03:31:33 | manner that is defined already in pre live stream today's lectures. That means |
2236 | 03:31:33 --> 03:31:38 | you are aware of the logic, and all I did was lean on the logic that I've |
2237 | 03:31:38 --> 03:31:47 | already taught you, and I used it real time. Folks, listen, okay, when I was |
2238 | 03:31:47 --> 03:31:50 | trading for X they said, Show me your myfx book. Fuck you. Watch my live |
2239 | 03:31:50 --> 03:31:54 | executions in my commentary, because they can't. You can't fake that. You |
2240 | 03:31:54 --> 03:31:59 | can't fake that. Okay, you cannot fake that shit. My FX book absolutely faked. |
2241 | 03:32:00 --> 03:32:03 | You can fake that shit all day long. Anybody that trades a forex market right |
2242 | 03:32:03 --> 03:32:08 | now, honestly, if they have never had an interest of going into futures, that's a |
2243 | 03:32:08 --> 03:32:12 | red flag for me, because that means they got to come out of Mt four. That means |
2244 | 03:32:12 --> 03:32:16 | they got to come out of their white label, fake broker, their shell company |
2245 | 03:32:16 --> 03:32:19 | broker. That means that they're showing you something that's fucking artificial |
2246 | 03:32:19 --> 03:32:23 | and fake, and they're making money through affiliates and course, sales |
2247 | 03:32:23 --> 03:32:27 | simple and straight and forward. That's the way it is, okay, and if you don't |
2248 | 03:32:27 --> 03:32:30 | fucking like that and you're one of those guys, prove yourself different. |
2249 | 03:32:30 --> 03:32:34 | Prove it differently. You don't owe me any evidence. I don't give two folks |
2250 | 03:32:34 --> 03:32:39 | what you do. I'm not impressed by any of them, but for the people that are |
2251 | 03:32:39 --> 03:32:43 | looking to them and sucking them off publicly. Oh, I love you king. Oh, my |
2252 | 03:32:43 --> 03:32:47 | goodness, let me give you a happy ending, like, what the fuck man up? What |
2253 | 03:32:47 --> 03:32:52 | these fucking guys? Okay, do not deserve to be worshiped. I don't fucking need to |
2254 | 03:32:52 --> 03:32:55 | be deserved, deserving of any that shit you. That's why I strike it down. |
2255 | 03:32:55 --> 03:33:00 | Nobody. Only God gets worshiped. Only God gets worshiped. And some of these |
2256 | 03:33:00 --> 03:33:03 | clowns walk around here and they want you sucking them off publicly. They want |
2257 | 03:33:03 --> 03:33:08 | to be lifted up on a pedestal, and they want to put a price tag on it here, |
2258 | 03:33:08 --> 03:33:13 | Worship Me and pay me this much money so you can do it. And they're lying to you. |
2259 | 03:33:13 --> 03:33:17 | They're fucking defrauding you. They're literally lying to you. Say, look at |
2260 | 03:33:17 --> 03:33:19 | this man I made. I turned $100 into $100,000 |
2261 | 03:33:21 --> 03:33:27 | the bullshit you did, bull shit you fucking did. Okay, you you're a fucking |
2262 | 03:33:27 --> 03:33:33 | liar. You are a liar. Okay, you're a fucking clown liar. All you fucking |
2263 | 03:33:33 --> 03:33:38 | Forex clowns are fucking liars because you're staying in an empty for world |
2264 | 03:33:38 --> 03:33:44 | where you can fake it come out into a real broker setting, come out where you |
2265 | 03:33:44 --> 03:33:49 | can't manipulate the bullshit, where you got to use the same data everybody else |
2266 | 03:33:49 --> 03:33:55 | does, and then turn your small accounts to six figures in a couple days. It |
2267 | 03:33:56 --> 03:34:00 | ain't gonna happen. It ain't gonna happen. And unfortunately, there's a |
2268 | 03:34:00 --> 03:34:04 | whole new round of suckers and dumbasses that come in this industry. And if I was |
2269 | 03:34:04 --> 03:34:08 | a piece of shit like some of you think I am, that lie and say that I am, I have |
2270 | 03:34:08 --> 03:34:13 | the highest seat right now. I had the highest retention and viewership on live |
2271 | 03:34:13 --> 03:34:17 | streaming. I had the biggest following in terms of people watching just for |
2272 | 03:34:17 --> 03:34:23 | futures and ongoing education, and I'm doing it for fucking free. And I'm |
2273 | 03:34:23 --> 03:34:28 | telling people, stop emailing me. I'm not doing paid mentorship. Stop |
2274 | 03:34:28 --> 03:34:31 | contacting me through Twitter and asking for paid mentorship. Stop leaving |
2275 | 03:34:31 --> 03:34:35 | comments on my YouTube channel. Can I get into your paid mentorship? Can I pay |
2276 | 03:34:35 --> 03:34:37 | for your paid mentorship? My paid mentorship is on my YouTube channel. |
2277 | 03:34:37 --> 03:34:44 | It's in the 2016 2017 playlist. That's all my paid mentorship. Anybody that |
2278 | 03:34:44 --> 03:34:49 | joined my paid mentorship after that got those lectures. That's it. So stop |
2279 | 03:34:49 --> 03:34:55 | asking me. Can you please take my money? ICT, send your money to St. Jude, there |
2280 | 03:34:55 --> 03:34:59 | you go. You want to spend your money so well, send it there. That's a worthy |
2281 | 03:34:59 --> 03:35:04 | charity. I support that charity I am 100% behind. St Jude, you don't need to |
2282 | 03:35:04 --> 03:35:08 | say I'm fucking loaded. I'm rich. I'm fucking rich, rich, rich, and the proof |
2283 | 03:35:08 --> 03:35:12 | is I'm doing this for free. I don't have a Panhandle out saying, Please pay for |
2284 | 03:35:12 --> 03:35:16 | my fucking Lamborghini. Please pay for my fucking McLaren, please pay for my |
2285 | 03:35:16 --> 03:35:19 | fucking vacations. Please pay for my diss and pay for that. I pay for |
2286 | 03:35:19 --> 03:35:24 | everything out of my own fucking pocket. If I want something, I'll look at these |
2287 | 03:35:24 --> 03:35:27 | fucking shark and say, Okay, I'm gonna do this, this, this, this, and I'll make |
2288 | 03:35:27 --> 03:35:34 | what I need to make done simple, truth be told, I don't even need to do that |
2289 | 03:35:34 --> 03:35:38 | anymore. I have enough. I just gotta dip into what I have. I don't ever need to |
2290 | 03:35:38 --> 03:35:43 | trade ever again. So who do you gonna believe? Seriously I'm saying this and |
2291 | 03:35:43 --> 03:35:47 | I'm turning this fucking video off. Who are you really gonna believe the guy |
2292 | 03:35:47 --> 03:35:51 | that's sitting out here saying I don't want your money? You're never gonna get |
2293 | 03:35:51 --> 03:35:55 | another opportunity to send me money. I gave my stuff that I sold as education |
2294 | 03:35:55 --> 03:35:59 | for free on the YouTube channel, and I'm teaching ongoing for free. I'm proving |
2295 | 03:35:59 --> 03:36:02 | it in live streams. I'm literally pushing a button in front of you. I'm |
2296 | 03:36:02 --> 03:36:06 | doing everything absolutely what everybody else is hiding and won't ever |
2297 | 03:36:06 --> 03:36:12 | fucking do. And they're still selling courses, and they're selling my shit for |
2298 | 03:36:12 --> 03:36:17 | more than two times that I sold it for. Who are you gonna fucking believe you |
2299 | 03:36:17 --> 03:36:22 | don't think that they have a real vested interest in trying to make you doubt me |
2300 | 03:36:23 --> 03:36:27 | because they have their sock puppet accounts pushing that narrative, that |
2301 | 03:36:27 --> 03:36:30 | bullshit, because they don't want to lose more sales because I'm beating |
2302 | 03:36:30 --> 03:36:36 | their ass. I'm literally squeezing their fucking nuts in a vice right now they're |
2303 | 03:36:36 --> 03:36:40 | squealing. They're hating fucking life right now. They're hating me. They |
2304 | 03:36:40 --> 03:36:47 | fucking hate me even more today, and we're not done. Well, we're not done. We |
2305 | 03:36:47 --> 03:36:56 | are not done. But who you gonna believe? Seriously? Who the fuck are you gonna |
2306 | 03:36:56 --> 03:37:02 | believe? There was some talkers that said they were gonna join the Robbins |
2307 | 03:37:02 --> 03:37:07 | cup. Okay, here's what happened. I went in the Robins cup, and I told Joel |
2308 | 03:37:07 --> 03:37:11 | Robbins, I said, Listen, anybody and everybody that's gonna come and contact |
2309 | 03:37:11 --> 03:37:14 | you, you tell them exactly what my account sitting at. And I sat there and |
2310 | 03:37:14 --> 03:37:18 | I pushed and pushed and pushed and pushed and pushed and pushed and pushed, |
2311 | 03:37:18 --> 03:37:22 | and I pushed that fucking account down to 900 fucking dollars. And I sat there |
2312 | 03:37:22 --> 03:37:27 | and I waited and I fucking waited and I fucking waited, and not one of these |
2313 | 03:37:27 --> 03:37:31 | fucking Yahoos, no Vinnie E Mini because that's who I really fucking wanted. I |
2314 | 03:37:31 --> 03:37:35 | really wanted Vinnie to do that. I really wanted him to join. But |
2315 | 03:37:36 --> 03:37:41 | circumstances panned out as they have. He's already been dealt with. It's done. |
2316 | 03:37:42 --> 03:37:47 | It needs to lie. If he raises it up even more, you brought it on yourself, but |
2317 | 03:37:48 --> 03:37:52 | that one never stepped and not gonna understand why he never stepped. If he's |
2318 | 03:37:52 --> 03:37:57 | smart, he'll shut his fucking mouth and let things lie. But if he stirs it up, I |
2319 | 03:37:57 --> 03:38:01 | have every bit of the ammunition I can fucking do to make everything fucking |
2320 | 03:38:01 --> 03:38:06 | painful. I never wanted to do that. Vinnie, I never wanted to do that at |
2321 | 03:38:06 --> 03:38:12 | all. But I told you, if you wanted to have a competition, let's have it in the |
2322 | 03:38:12 --> 03:38:22 | Robbins. And I baited two other guys, two other guys, none of them, none of |
2323 | 03:38:22 --> 03:38:29 | them made it that way. I could take that $900 and run it right back on up, but |
2324 | 03:38:29 --> 03:38:35 | it's been bait. It's been bait the whole fucking time, the whole fucking time, |
2325 | 03:38:35 --> 03:38:38 | and you're all here, sitting there, thinking you're clowning me. I have |
2326 | 03:38:38 --> 03:38:42 | fucking trolled and trolled and trolled and trolled and try to get these guys |
2327 | 03:38:42 --> 03:38:44 | come out here, and they won't do it. Why? Because they have a mentorship. |
2328 | 03:38:44 --> 03:38:50 | They have something they're selling. And the litmus test is this, who the fuck |
2329 | 03:38:50 --> 03:38:55 | are you gonna believe I'm out here proving my shit in this in the lens of |
2330 | 03:38:55 --> 03:39:01 | everybody watching it live, invited them to come out into a setting where they |
2331 | 03:39:01 --> 03:39:05 | have to prove themselves not just do sporadic once in a while live stream |
2332 | 03:39:05 --> 03:39:11 | here. Let me do something. I'll show you what I did today. Pre recorded this. Pre |
2333 | 03:39:11 --> 03:39:19 | recorded that. No, that doesn't work. I got very, very thick skin. Very thick |
2334 | 03:39:19 --> 03:39:25 | skin. I have dragon scales. Okay, ain't a motherfucker worrying me, but I will |
2335 | 03:39:25 --> 03:39:29 | go out there and rip my own image up just to drag these fuckers out here in |
2336 | 03:39:29 --> 03:39:34 | the center and tear their throats out in public in front of everyone. I went to |
2337 | 03:39:34 --> 03:39:38 | great extremes to try to get these guys to do anything and everything in there |
2338 | 03:39:38 --> 03:39:44 | to do something, and they won't. Why wouldn't they? Why wouldn't they? Why |
2339 | 03:39:44 --> 03:39:48 | wouldn't they not want to do that because they stand to lose their meal |
2340 | 03:39:48 --> 03:39:54 | ticket, their mentorships, their services, their bullshit. Okay, that's |
2341 | 03:39:54 --> 03:40:01 | exactly what it is. Every single trade, every single fuck. Trade that I put on |
2342 | 03:40:01 --> 03:40:05 | in that Robin's cup had nothing to do but anything except for me, just pushing |
2343 | 03:40:05 --> 03:40:08 | the button. Push, push, push, push, push, push, push, push. I did that shit |
2344 | 03:40:08 --> 03:40:12 | on purpose. There's no logic like you're seeing here live. You're never seeing |
2345 | 03:40:12 --> 03:40:19 | that. And I have waited and I waited and I waited. Not one motherfucker stepped |
2346 | 03:40:19 --> 03:40:25 | not one. And I thought for sure. I told my wife, I said, I'm telling you, I |
2347 | 03:40:25 --> 03:40:29 | know, soon as they contact Joel, and they say, look, he's in drawdown, |
2348 | 03:40:29 --> 03:40:32 | they're gonna, they're gonna pounce on it, and that's exactly what I've been |
2349 | 03:40:32 --> 03:40:37 | wanting. So now you know, you fucking know you still have time. You still have |
2350 | 03:40:37 --> 03:40:42 | time. You Jordans of the fucking trading, the master of fucking trading. |
2351 | 03:40:42 --> 03:40:47 | Let's fucking go. Let's fucking go. You know what I'm starting with? You know |
2352 | 03:40:47 --> 03:40:51 | what I'm starting with, and I'm still gonna beat your fucking ass. So let's |
2353 | 03:40:51 --> 03:40:55 | fucking go. I'm not afraid, I'm not embarrassed, I'm not intimidated, I'm |
2354 | 03:40:55 --> 03:40:59 | not anything but fucking ready, and if you don't think you got enough time, we |
2355 | 03:40:59 --> 03:41:06 | can restart this fucking shit for the 2025 There you go. But I wanted to be |
2356 | 03:41:06 --> 03:41:09 | pushed. I wanted to be fucking challenged. And the only way I could |
2357 | 03:41:09 --> 03:41:13 | challenge myself is to put myself in such the lowest point I could not come |
2358 | 03:41:13 --> 03:41:17 | any lower than I am right right now. I can come back from that. I can come back |
2359 | 03:41:17 --> 03:41:27 | from that. You can't, you can't, but I fucking can, and I wanted to fucking rub |
2360 | 03:41:27 --> 03:41:35 | it in your fucking face, because that's just what an ICC would do. So there's |
2361 | 03:41:35 --> 03:41:40 | your facts, there's your skinny on what's going on with the Robins cup. You |
2362 | 03:41:40 --> 03:41:45 | don't believe me, contact them. They'll tell you all it was is push, push, push, |
2363 | 03:41:45 --> 03:41:48 | push, push, push, no rhyme or reason. I just want to draw the account down |
2364 | 03:41:49 --> 03:41:52 | because I knew Vinnie Minnie was going to contact. I know his little blow boy, |
2365 | 03:41:52 --> 03:41:57 | Curtis would be calling and contacting. Hey, ICT is lying online saying he's |
2366 | 03:41:57 --> 03:42:00 | winning the Robins cup. Could you verify that please? Oh, certainly. Let me tell |
2367 | 03:42:00 --> 03:42:07 | you, Look, yep, here's here's here's yours. This count is but none of those |
2368 | 03:42:07 --> 03:42:13 | motherfuckers stepped. Not one of those motherfuckers stepped. Do I sound like |
2369 | 03:42:13 --> 03:42:18 | I'm intimidated or scared? Do I sound like I'm embarrassed? Fuck no, like I |
2370 | 03:42:18 --> 03:42:24 | said, we can still do this year, we can still do it. Absolutely, absolutely we |
2371 | 03:42:24 --> 03:42:29 | can Brent could move aside and let the man go through and that could be at that |
2372 | 03:42:29 --> 03:42:34 | number one spot, but I want someone to dance with. You guys promised me you |
2373 | 03:42:34 --> 03:42:38 | said you were gonna fucking do it and you didn't do it. Of all the years I've |
2374 | 03:42:38 --> 03:42:44 | had people come forward. I thought for certain the m7 guy was going to do I was |
2375 | 03:42:44 --> 03:42:50 | confident that he was going to do it. He didn't do it. Not my circus, not my |
2376 | 03:42:50 --> 03:42:54 | monkeys. Come on, man, I got excited when you popped up here and you said it |
2377 | 03:42:54 --> 03:42:58 | was a clerical error. I thought that that was shit. Yeah, now I got somebody. |
2378 | 03:42:58 --> 03:43:04 | I got somebody. Nope, I don't have anything. And Dave teaches bullshit. |
2379 | 03:43:05 --> 03:43:10 | Forget about that fucking guy's a fraud fucking clown. He would have done it if |
2380 | 03:43:10 --> 03:43:13 | he could do it. Period. |
2381 | 03:43:15 --> 03:43:20 | You need a full year. The Imitation is again for 2025 if you want to do it, if |
2382 | 03:43:20 --> 03:43:23 | you can roll what you got right now, by the end of the year, I will use what I |
2383 | 03:43:23 --> 03:43:26 | got, and you can verify it with Joe Robbins, that not one motherfucking |
2384 | 03:43:26 --> 03:43:30 | Penny will be added to that account. Not one fucking penny would be added to it, |
2385 | 03:43:32 --> 03:43:38 | and I'll stove up your ass. Now. How you humiliating would that be? With less |
2386 | 03:43:38 --> 03:43:43 | than $1,000 I came back the fucking rookie sensation. ICT comes back with a |
2387 | 03:43:43 --> 03:43:52 | fucking surprise upset, the October surprise. How about it? You ready? I'm |
2388 | 03:43:52 --> 03:43:59 | ready. I am fucking ready. Listen, I have worked very hard all year long, |
2389 | 03:43:59 --> 03:44:05 | biting my fucking tongue, hoping, hoping that you'd say, You know what, I got his |
2390 | 03:44:05 --> 03:44:10 | ass. Finally, there's no way, there's no fucking way he can come back from this, |
2391 | 03:44:10 --> 03:44:16 | because if he adds money, he broke his rule, yep. But not one of these guys |
2392 | 03:44:16 --> 03:44:21 | came forward, not one of them, but they got engagements, and they got people |
2393 | 03:44:21 --> 03:44:27 | talking, but you don't see them out here proven shit. You don't see them out here |
2394 | 03:44:27 --> 03:44:33 | doing it for free. You see people saying they're full of shit and wow, ICT is |
2395 | 03:44:33 --> 03:44:35 | finally doing it for real. Look at it. Look at there it is. Yep, |
2396 | 03:44:42 --> 03:44:47 | there's a global cup right now going on. It's going on till the last day of May |
2397 | 03:44:47 --> 03:44:52 | of 2025, we can slide it on in there. I already got approved by iron beam. All I |
2398 | 03:44:52 --> 03:44:58 | gotta do is fund the account. If you say that you're gonna go do it and you just |
2399 | 03:44:58 --> 03:45:01 | get on the fifth spot that way, I'm. I know for certain that you're really |
2400 | 03:45:01 --> 03:45:07 | going to make an attempt to do it, and I will absolutely beat Larry Williams, but |
2401 | 03:45:07 --> 03:45:11 | you stole something from me for this year, like I literally wanted this to |
2402 | 03:45:11 --> 03:45:15 | happen. I really, really wanted to happen. It would have been so much more |
2403 | 03:45:15 --> 03:45:21 | fun if you guys would have participated, but you didn't. And that kind of It irks |
2404 | 03:45:21 --> 03:45:29 | me. It irks THE FUCK happening. So here we are. We're sitting here watching ICT |
2405 | 03:45:29 --> 03:45:34 | prove it live, but some of you just simply aren't going to like me. You're |
2406 | 03:45:34 --> 03:45:39 | not going to believe me because you didn't win the Robin's cup. ICT, your, |
2407 | 03:45:39 --> 03:45:43 | your, your reputation to this thing. My reputation has always been a demo |
2408 | 03:45:43 --> 03:45:48 | trader. How the fuck am I gonna wreck that? Think about it, and I'm here for |
2409 | 03:45:48 --> 03:46:00 | reputation. I'm here for fun. I'm here for fun and entertainment. If this stuff |
2410 | 03:46:00 --> 03:46:04 | didn't work, I wouldn't be out here live doing it. If I couldn't do it, I |
2411 | 03:46:04 --> 03:46:09 | certainly wouldn't be out here trying to do something I don't know I knew how to |
2412 | 03:46:09 --> 03:46:14 | do it. And I love playing the strings of all these people here that talk shit |
2413 | 03:46:14 --> 03:46:19 | about me. I love it. I came back to Twitter just for that purpose, for that |
2414 | 03:46:19 --> 03:46:24 | very reason. And some of you are going to ignore what you watched here today. |
2415 | 03:46:24 --> 03:46:27 | You're going to ignore everything I'm proving this year in the mentorship |
2416 | 03:46:27 --> 03:46:32 | that's been given to you for free. Because you're going to look at a pewter |
2417 | 03:46:33 --> 03:46:39 | trophy of a bull and a bear that I don't hold in my hands yet. But Do you |
2418 | 03:46:39 --> 03:46:43 | honestly? Honestly, Okay, seriously, sincerely, mean this. Okay. Do you think |
2419 | 03:46:43 --> 03:46:52 | it's hard to make 400% it's fucking easy, and that's all that's going on |
2420 | 03:46:52 --> 03:46:55 | right now? That's it. |
2421 | 03:47:00 --> 03:47:04 | And you need me to do that, and you're ignoring all this evidence, all this |
2422 | 03:47:04 --> 03:47:09 | evidence that's being shown to you beforehand. You're going to ignore this, |
2423 | 03:47:09 --> 03:47:12 | and you're going to point to that, because that's what trolls are going to |
2424 | 03:47:12 --> 03:47:20 | do. That's exactly what trolls are going to do. And you're either going to join |
2425 | 03:47:20 --> 03:47:24 | that bandwagon and you're welcome to do it, that's going to have more people. |
2426 | 03:47:24 --> 03:47:29 | That's going to make me laugh and smile and none of that shit bothers me. See, |
2427 | 03:47:29 --> 03:47:35 | you all would be hiding under a fucking rock. You would delete all your social |
2428 | 03:47:35 --> 03:47:44 | media. You would never go online again. That's what you would do. But I'm in |
2429 | 03:47:44 --> 03:47:48 | control of everything I'm doing. I know exactly what I'm doing. I am absolutely |
2430 | 03:47:48 --> 03:47:57 | in control of what I'm doing, and I am teaching things that work in real time. |
2431 | 03:47:58 --> 03:48:04 | I'm proving it. I'm proving the logic, and I'm also willing to be in any |
2432 | 03:48:04 --> 03:48:08 | competition, but I gotta have competition. Folks like, I want the |
2433 | 03:48:08 --> 03:48:12 | competition. I want that. I don't want to just, yeah, I want it. What the fuck |
2434 | 03:48:12 --> 03:48:16 | big deal? I wanted these guys and anybody else that was sitting on the |
2435 | 03:48:16 --> 03:48:19 | sidelines thinking I'm gonna fucking go after this guy. I'm gonna go out there |
2436 | 03:48:19 --> 03:48:25 | and I'm gonna do it. And nothing happened. Really is a lackluster all |
2437 | 03:48:25 --> 03:48:31 | year long, a couple 100% that's all you ever saw. That's easy. I'm going to show |
2438 | 03:48:31 --> 03:48:36 | it to you this month. I'm going to show you this month. It's easy to do that. I |
2439 | 03:48:36 --> 03:48:40 | don't need to win the Robins cup to know that. I know how to trade. But some of |
2440 | 03:48:40 --> 03:48:44 | you think that that's the litmus test that says, See, he's a fraud, because I |
2441 | 03:48:44 --> 03:48:48 | gave you that invitation to think that. I want you to think that, because that |
2442 | 03:48:48 --> 03:48:51 | means I'm going to divide the crowd, like I always do. And if I have a |
2443 | 03:48:51 --> 03:48:55 | divided audience, that means I have a talking audience, and a talking audience |
2444 | 03:48:55 --> 03:48:59 | is going to what they're going to advertise for me, and it brings more |
2445 | 03:48:59 --> 03:49:10 | people here and more students learn for free, for free. So are you someone |
2446 | 03:49:10 --> 03:49:15 | that's going to ignore everything you're seeing here that's being done live in a |
2447 | 03:49:15 --> 03:49:20 | live stream, executed, point blank buttons are pushed with a limit order, |
2448 | 03:49:20 --> 03:49:24 | not Market Replay, telling you why it should happen. We've been doing it for |
2449 | 03:49:24 --> 03:49:29 | eight weeks now, telling you what the market's going to do, candlestick by |
2450 | 03:49:29 --> 03:49:37 | candlestick. Is that value? I don't know. For some of you, it might not be. |
2451 | 03:49:38 --> 03:49:42 | For others, it might be. This is a fucking amazing opportunity. I don't |
2452 | 03:49:42 --> 03:49:45 | give a shit about Robin's cup. I don't care if you ever do Robin's cup. I |
2453 | 03:49:45 --> 03:49:51 | intend absolutely to do Robin's cup, but I have to do it the way I want to do it, |
2454 | 03:49:52 --> 03:49:56 | because I only want to do it one time. And I thought I was given an opportunity |
2455 | 03:49:56 --> 03:50:00 | this year to do it, and I did not get any competition. I. Because it's not |
2456 | 03:50:00 --> 03:50:04 | enough that me just go out there and beat my mentor. I want to have something |
2457 | 03:50:04 --> 03:50:10 | else to hang my hat on. And I just thought it would be great to be able to |
2458 | 03:50:10 --> 03:50:15 | show the world that here are individuals that work in our community, in Twitter, |
2459 | 03:50:15 --> 03:50:20 | in fin twit, and they were willing to step in there with me regardless of the |
2460 | 03:50:20 --> 03:50:27 | outcome, and they really weren't. And I'm nobody would come out here and say |
2461 | 03:50:27 --> 03:50:31 | this stuff, if it was happening to them, if it was by some circumstance or lack |
2462 | 03:50:31 --> 03:50:37 | of ability, they would just disappear. I'm not that kind of guy, because I want |
2463 | 03:50:37 --> 03:50:42 | you to still doubt it and say, I'd say I'm going in I'm gonna do it. Great. |
2464 | 03:50:43 --> 03:50:47 | That's exactly what I want you to do. And if you lose to me, it's not anything |
2465 | 03:50:47 --> 03:50:50 | to be bad or be bad mouth about. No one should troll you if you lose, if you |
2466 | 03:50:50 --> 03:50:54 | really get in there and you get a lawyer board, and you really try to do well, |
2467 | 03:50:54 --> 03:50:58 | but you still fall victim to me winning it, that's not something bad. That's |
2468 | 03:50:58 --> 03:51:02 | exactly what's gonna fucking happen. So you shouldn't be surprised by that. |
2469 | 03:51:02 --> 03:51:11 | Nobody would be really but I would love the champion, the idea that you had the |
2470 | 03:51:11 --> 03:51:15 | balls to get an air with me, and that's what's lacking in this industry. |
2471 | 03:51:15 --> 03:51:19 | Nobody's willing to put their reputation on the line. I will absolutely burn my |
2472 | 03:51:19 --> 03:51:22 | fucking reputation to the ground and kind of like a phoenix come right that |
2473 | 03:51:22 --> 03:51:29 | day out of that shit, because I can, I can do that. What do I have to lose |
2474 | 03:51:29 --> 03:51:33 | here? Some subscribers, some people that don't want to watch my videos. This |
2475 | 03:51:33 --> 03:51:36 | might going to leave a trolling comment to me. That's not going to make me |
2476 | 03:51:36 --> 03:51:40 | forget how to trade. That's not going to make my students that know how to learn |
2477 | 03:51:41 --> 03:51:44 | how to read price action to eventually learn how to make it profitable trade |
2478 | 03:51:44 --> 03:51:46 | and do it without me coaching them, without doing anything to tell them |
2479 | 03:51:46 --> 03:51:49 | where the market's going to go. That's not going to make them forget or somehow |
2480 | 03:51:49 --> 03:51:53 | think, Oh, well, I don't like I don't want to do this anymore because he |
2481 | 03:51:53 --> 03:52:02 | didn't get a pewter trophy. Think about it, folks. You have a line in the sand |
2482 | 03:52:02 --> 03:52:06 | in front of you. Did you get into this to learn how to trade and make money, or |
2483 | 03:52:06 --> 03:52:12 | did you get into this to worship somebody? I'm not a hero. I'm an anti |
2484 | 03:52:12 --> 03:52:18 | hero, and you never, ever, ever want to meet your hero. Never. I'm in my villain |
2485 | 03:52:18 --> 03:52:22 | arc right now. Okay, in case you haven't noticed this is the villain arc of ICT, |
2486 | 03:52:22 --> 03:52:27 | and I'm having a lot of fun with it, lots of fun with it, but the same time, |
2487 | 03:52:27 --> 03:52:32 | I can be helpful. I can teach, I can show you how it's going to help you and |
2488 | 03:52:32 --> 03:52:38 | make your decision making process about trading and investing more direct and |
2489 | 03:52:38 --> 03:52:41 | without going through a lot of the stuff I had to go through. It doesn't mean |
2490 | 03:52:41 --> 03:52:45 | profitability. It doesn't mean that your profits are guaranteed. Doesn't mean |
2491 | 03:52:45 --> 03:52:49 | success is guaranteed. It just means that, through my experience with |
2492 | 03:52:49 --> 03:52:53 | teaching lots of people and my own personal experience, these are the best |
2493 | 03:52:53 --> 03:52:58 | ways that I think that someone should go around learning how to do this, and if |
2494 | 03:52:58 --> 03:53:01 | they aren't willing to come out here and sit in front of the world, like I'm |
2495 | 03:53:01 --> 03:53:05 | doing here, and explain to you why it should be beneficial to expect this or |
2496 | 03:53:05 --> 03:53:10 | that, to push a button live, explain it why it should take place, then they're |
2497 | 03:53:10 --> 03:53:15 | not worth paying. They're not worth listening to. Their course isn't worth |
2498 | 03:53:15 --> 03:53:20 | shit. Their sermons aren't worth listening to, their wares are not worth |
2499 | 03:53:20 --> 03:53:27 | purchasing. All that stuff. It's all bullshit and drama marketing. Listen, |
2500 | 03:53:27 --> 03:53:32 | I'm master that. All I gotta do is start a fire. I can start a fire easy. I just |
2501 | 03:53:32 --> 03:53:36 | started one today. Twitter's gonna be a blaze with this shit. And guess what? |
2502 | 03:53:36 --> 03:53:39 | That means more people are gonna come and they're gonna want to talk, and |
2503 | 03:53:39 --> 03:53:42 | they're gonna watch and they're gonna watch me do what you just saw me do |
2504 | 03:53:42 --> 03:53:46 | today. But even better, and they're gonna be like, Fuck Robbins. This guy's |
2505 | 03:53:46 --> 03:53:49 | dealing with exactly what I want to learn. Gives a shit what he's doing. I |
2506 | 03:53:49 --> 03:53:52 | don't care about Michael. I just want to hear what he's teaching. I care about |
2507 | 03:53:52 --> 03:53:55 | that. If that can make me some bread. That's what I'm all about. That's the |
2508 | 03:53:55 --> 03:54:00 | right mindset. That's the person that's passed the test. That's how you know you |
2509 | 03:54:00 --> 03:54:04 | graduated, because it's not about being tethered to me. I want you to be able to |
2510 | 03:54:04 --> 03:54:07 | say, You know what, Michael, I appreciate everything you've done for |
2511 | 03:54:07 --> 03:54:10 | me, but fuck the fuck off. I like to live now. I'm gonna go out there and I'm |
2512 | 03:54:10 --> 03:54:13 | gonna make money and catch you on the flip side, if I see you, I see you. |
2513 | 03:54:13 --> 03:54:17 | That's the right mental that's the mentality that I want all of you to |
2514 | 03:54:17 --> 03:54:24 | have. Not hold my hand. ICT, guide me. Stay, stay my guru ICT. Fuck that shit. |
2515 | 03:54:24 --> 03:54:28 | I don't want that. You shouldn't want that from anybody. You want to be |
2516 | 03:54:28 --> 03:54:32 | independent. You want to be independent thinker. You want to be independent |
2517 | 03:54:32 --> 03:54:39 | trader, devoid of any outside influence that means me or any other influencer. |
2518 | 03:54:39 --> 03:54:46 | You I think about it, isn't that really what you want. You want to be able to do |
2519 | 03:54:46 --> 03:54:50 | these things on your own and not have to worry about listening to long winded |
2520 | 03:54:50 --> 03:54:56 | fucking videos, studying this one and studying that one, you'll know what you |
2521 | 03:54:56 --> 03:55:01 | know, and you'll be able to implement it you. That's why I got into trading. I |
2522 | 03:55:01 --> 03:55:06 | wanted to learn how to make money. I love Larry Williams as a man, as a |
2523 | 03:55:06 --> 03:55:12 | mentor. He gave me the best head start in the right direction, but I trade with |
2524 | 03:55:12 --> 03:55:18 | very little of his stuff. But the impact he had as a mentor on me still has |
2525 | 03:55:18 --> 03:55:26 | lasting impressions. It it surfaces all the time. But it's not the technical |
2526 | 03:55:26 --> 03:55:32 | stuff. It's not to go into the market and trade, but this way of stuff, it's |
2527 | 03:55:33 --> 03:55:37 | how that this is. This is how you think about it. This is how you should think |
2528 | 03:55:37 --> 03:55:41 | about is how you should approach it. And I don't agree with everything he |
2529 | 03:55:41 --> 03:55:45 | teaches. I don't agree with a lot of the things he he subscribes to. He doesn't |
2530 | 03:55:45 --> 03:55:49 | believe in an algorithm controlling price. He believes it's buying and |
2531 | 03:55:49 --> 03:55:53 | selling pressure. And that's my first real mentor. You don't see me trashing |
2532 | 03:55:53 --> 03:55:58 | him, but I trashed the idea and the logic that these markets are absolutely |
2533 | 03:55:59 --> 03:56:02 | random into buying and selling pressure. Because clearly, as you've seen here |
2534 | 03:56:02 --> 03:56:06 | today, I would not know this stuff. It was random buying and selling pressure. |
2535 | 03:56:06 --> 03:56:11 | If it was what that was, then I should have been stopped out up here, and I |
2536 | 03:56:11 --> 03:56:14 | wasn't. But I was able to outline exactly what it should do and how it |
2537 | 03:56:14 --> 03:56:18 | happened. I should not be able to know that a first grade a gap in between 930 |
2538 | 03:56:19 --> 03:56:24 | and 10 o'clock should give you a enormous edge in terms of timing, when |
2539 | 03:56:24 --> 03:56:29 | the market's going to roll. And it did, and I'm in it too. And what? Here's the |
2540 | 03:56:29 --> 03:56:35 | here's the first one back here. So when you read these people leaving comments, |
2541 | 03:56:35 --> 03:56:42 | oh, do it live? I did it live. But you'll forget about it. Anybody can do |
2542 | 03:56:42 --> 03:56:48 | this. Do it live. Okay? Show me to anybody that can be this precise. It's |
2543 | 03:56:48 --> 03:56:54 | simple. Show me. Show me who that is, and until I talk to you tomorrow, be |
2544 | 03:56:54 --> 03:56:54 | safe. Do. |