ICT YT - 2024-10-04 - ICT 2024 Mentorship - Lecture 39

Last modified by Drunk Monkey on 2024-10-08 13:31

00:04:00 --> 00:04:15 ICT: Well, good morning, folks, good morning. Good morning. If you are one of
00:04:15 --> 00:04:23 the few that follow me on X, you could just give me a heads up, let me know you
00:04:23 --> 00:04:32 can hear me. Audio check. Is the audio good? Is the audio loud?
00:04:42 --> 00:04:43 I'm not hearing myself, so
00:04:53 --> 00:04:59 already I'm getting confirmation that you all can hear so that's good. So I
00:04:59 --> 00:05:03 appreciate your. Have your patience. I wanted to have that risk disclaimer show
00:05:03 --> 00:05:09 for a little bit longer than I normally do, so, and I apologize for being
00:05:09 --> 00:05:15 somewhat tardy. But you know us, us. You know we have to stick to the Union
00:05:15 --> 00:05:19 guidelines and rules, and we have to be you have to be late every now and then.
10 00:05:20 --> 00:05:28 We like to sell it as fashionable to be to be late, just union rules, folks. So
11 00:05:30 --> 00:05:34 obviously we are going to be watching the carnage that is Non Farm Payroll
12 00:05:34 --> 00:05:41 here in a about 20 minutes or so. And I want to remind you that I never know
13 00:05:41 --> 00:05:48 where it's going to go. Not far. Payroll is a carnival ride, and it can be very
14 00:05:48 --> 00:05:54 damaging. If you go out here and try to speculate ahead of it. Treat it like a
15 00:05:54 --> 00:05:58 FOMC. You don't know where it's going. Treat like CPI. You don't know where
16 00:05:58 --> 00:06:03 it's going. Like a PPI number. You have no idea where it's going. So it's always
17 00:06:03 --> 00:06:09 better to simply wait, wait for it to do whatever it's going to do, wait about 15
18 00:06:09 --> 00:06:13 minutes and then see what the lay of the land looks like after that. Meaning,
19 00:06:14 --> 00:06:20 what inefficiencies are still in play, what smooth areas above or below the
20 00:06:20 --> 00:06:26 marketplace 15 minutes minimum after nonprofit apparel hits. So that means
21 00:06:26 --> 00:06:32 845, Eastern Standard Time, New York local time. That's when you have the
22 00:06:32 --> 00:06:38 green light to start going in and seeking opportunities to study. If
23 00:06:38 --> 00:06:44 you're brand new, if you're a brand new student, you're brand new trader in the
24 00:06:44 --> 00:06:50 making, if you will, whether you if you have studied with anyone else, if you're
25 00:06:50 --> 00:06:55 coming to me, I'm calling you a brand new okay, because chances are you
26 00:06:55 --> 00:06:58 probably learned a lot of stuff that has absolutely no bearing on why price is
27 00:06:58 --> 00:07:02 going to move. So it's no question as to why you're losing money if you're
28 00:07:02 --> 00:07:06 trading on these days, because you're trying to do something that is ill
29 00:07:06 --> 00:07:11 equipped to handle the uncertainty that even my concepts will not deliver the
30 00:07:11 --> 00:07:16 clarity that's required to be positioned ahead of it. So that's the reason why I
31 00:07:16 --> 00:07:25 tell my students, if you're brand new, don't trade after Wednesday morning, New
32 00:07:25 --> 00:07:30 York local time on Non Farm Payroll weeks. And you can see Wednesday was a
33 00:07:30 --> 00:07:33 little bit of a challenging day. Thursday was a little bit of a
34 00:07:33 --> 00:07:36 challenging day. If you're new, if you don't know what you're doing, they can
35 00:07:36 --> 00:07:41 be very problematic. And then you're met with, obviously, the the king of
36 00:07:41 --> 00:07:46 volatility for this particular week, it's the Non Farm Payroll. It's usually
37 00:07:46 --> 00:07:55 the first Friday of every month, 8:30am and leading up that number, it can be a
38 00:07:55 --> 00:08:00 little unruly in price, meaning that it can, it can start to consolidate and
39 00:08:00 --> 00:08:04 then create these little sharp, little jabs above or below, and go right back
40 00:08:04 --> 00:08:08 into consolidation again. And you can see, pretty much that's what we've seen
41 00:08:08 --> 00:08:15 here. Now there has been, for completeness sake, in my career, and
42 00:08:15 --> 00:08:23 since I was doing mentorship with the forex pairs, there has been nonparallel
43 00:08:23 --> 00:08:31 weeks where during the Wednesday and Thursday, very favorable price action
44 00:08:31 --> 00:08:38 was available. Put it that way, but that's usually far and few between. So
45 00:08:38 --> 00:08:42 it's not the standard. So it was, it was very difficult for me to try to teach
46 00:08:42 --> 00:08:49 this concept to new forex traders, because they're constantly looking to
47 00:08:49 --> 00:08:52 get into a trade. They're constantly trying to chase the influencers, trying
48 00:08:52 --> 00:08:56 to get enough money or get enough understandings. They can talk good game
49 00:08:57 --> 00:09:02 and do mentorships and courses and whatnot, because that's the fast money.
50 00:09:02 --> 00:09:06 That's the easy money, getting someone else to send you money for education.
51 00:09:06 --> 00:09:10 And you can talk in Market Replay. There's a lot of suckers that fall into
52 00:09:10 --> 00:09:14 that. But you have to know what you're doing. You have to know exactly how
53 00:09:14 --> 00:09:17 you're going to navigate these markets. Because if you're put into the litmus
54 00:09:17 --> 00:09:21 test of having to do it live, explaining why the market should behave a certain
55 00:09:21 --> 00:09:26 way and why it should not behave a certain way given times. That's prowess,
56 00:09:26 --> 00:09:32 that's understanding, excuse me, the lack of that in this industry is
57 00:09:33 --> 00:09:38 obvious. You can really see it, but there's a lot of lipstick added to hide
58 00:09:38 --> 00:09:44 those types of things, because of pomp because of things purchased outside of
59 00:09:44 --> 00:09:48 trading profits and showcasing those things. So I just want to remind the
60 00:09:48 --> 00:09:52 young man, because that's usually who this is I'm talking to, you're not
61 00:09:52 --> 00:09:57 trying to become an influencer. You gotta first learn how to be a good
62 00:09:57 --> 00:10:01 trader, because endless amounts of money income. Opportunities will be afforded
63 00:10:01 --> 00:10:07 to you if you learn how to do this well, you can open up a path. I have no idea
64 00:10:07 --> 00:10:12 what's available to you right now. You're blinded by confusion and
65 00:10:12 --> 00:10:17 uncertainty, not knowing what to do. Just in your journal, do me and yourself
66 00:10:17 --> 00:10:21 a favor. Write in your journal that you have permission, you have ICTs
67 00:10:21 --> 00:10:28 permission, and give yourself permission to never trade this day. Never trade it
68 00:10:29 --> 00:10:35 now, months from now, after you've developed yourself into a well rounded
69 00:10:35 --> 00:10:38 trader, you have a model that you haven't deviated from. You haven't
70 00:10:38 --> 00:10:43 tinkered with it, you haven't tried to change things when you're getting
71 00:10:43 --> 00:10:47 consistent returns using that and you don't feel swayed by your emotions.
72 00:10:48 --> 00:10:56 Then, then you can go into Non Farm Payroll after the release at 830 week 15
73 00:10:56 --> 00:11:01 minutes minimum, and then the rest of the day you can trade it normally, but
74 00:11:01 --> 00:11:04 it's important for you to prove that you have the the willpower to stay away from
75 00:11:04 --> 00:11:09 this carnival ride. Because every new trader, whether they're Forex,
76 00:11:09 --> 00:11:15 commodities or futures, they all want to try to trade this day. And I did too. I
77 00:11:15 --> 00:11:19 wanted to, like, I saw a lot of movement. I was like, Wow, if I could
78 00:11:19 --> 00:11:23 get that kind of movement real quick and sudden that would overcome my fear and
79 00:11:23 --> 00:11:27 anxiety about staying in a trade, because it was something I wouldn't
80 00:11:27 --> 00:11:31 willing to submit to. Putting on a trade and having to wait for it to get to your
81 00:11:31 --> 00:11:35 target is is agony. When you're a new student, when you're a new trader, you
82 00:11:35 --> 00:11:38 want them to be just like my videos, where I speed them up and it feels like,
83 00:11:38 --> 00:11:44 wow, I got 185 handles in two and a half minutes. That's the trades I want. But
84 00:11:44 --> 00:11:48 it's not accurate. It's not a true depiction of what you're gonna have to
85 00:11:48 --> 00:11:52 submit to. But watching the Non Farm Payroll, as you'll see in a couple
86 00:11:52 --> 00:11:56 minutes, it tricks you when you're brand new. It tricks you thinking that, wow,
87 00:11:56 --> 00:12:00 there's a way to get in there before that. No, there isn't. There really
88 00:12:00 --> 00:12:04 isn't, folks, and I want you to know that. I want you to understand that
89 00:12:04 --> 00:12:09 there is no consistent way for you to be positioned ahead of Non Farm Payroll
90 00:12:09 --> 00:12:15 with any measure of consistency that will afford you profitability. I mean
91 00:12:15 --> 00:12:19 that sincerely. I'm not hiding some secret technique, concept, PD, array, I
92 00:12:19 --> 00:12:26 don't know. Okay, I genuinely In Jesus name I do not know how to call Non Farm
93 00:12:26 --> 00:12:32 Payroll before it happens. I don't so I have to sit here, and I have to wait,
94 00:12:32 --> 00:12:36 just like anybody else would, and see, what do they do to damage on? What do
95 00:12:36 --> 00:12:42 they what do they crush in terms of buy side and sell side. What inefficiencies
96 00:12:42 --> 00:12:48 do they trade to, and which ones do they leave? So I got a question about, you
97 00:12:48 --> 00:12:54 know what? What constitutes a minor buy side and sell side, and what is the
98 00:12:54 --> 00:13:00 primary buy side and sell side? So every single time I sit in front of Non Farm
99 00:13:00 --> 00:13:03 Payroll, and I don't do it all the time, or sometimes, because I don't trade
100 00:13:03 --> 00:13:09 them, really the the times where I'm not interested in looking at it, I'm doing
101 00:13:09 --> 00:13:15 something else. But if I am able to, I always try to study Non Farm Payroll. I
102 00:13:15 --> 00:13:19 usually watch it with my private students, and I'll cover like about what
103 00:13:19 --> 00:13:23 I'm going to show you here, where the actual primary minor liquidity pools
104 00:13:23 --> 00:13:27 are, and then we watch and see which one hits, and then we look for the opposing
105 00:13:27 --> 00:13:31 side to get traded to. So in your mind, that's what I'll that's all I want you
106 00:13:31 --> 00:13:35 to do today, and every Non Farm Payroll going forward. And I'm going to tell you
107 00:13:35 --> 00:13:42 why this will fail as a studying mechanism as well. But initially I want
108 00:13:42 --> 00:13:46 you to look at the chart. Start with a 15 minute time frame. It's very, very
109 00:13:46 --> 00:13:55 simple rules. Okay, what you're going to do is about 815 quarter after eight,
110 00:13:55 --> 00:13:58 where you have 15 minutes or so, we have plenty of time, so I can still jawbone
111 00:13:58 --> 00:14:05 and cover what I'm going to say, but 815 you want to see where market price is at
112 00:14:05 --> 00:14:09 that time. So we give ourselves 15 minutes before the actual news release.
113 00:14:09 --> 00:14:14 At 830 they released the employment data. I don't care what the number is. I
114 00:14:14 --> 00:14:21 never I never review. I have never reviewed with my students, the number of
115 00:14:21 --> 00:14:26 how many jobless claims there has been, and the change from the previous month,
116 00:14:26 --> 00:14:28 I could care less about that number.
117 00:14:29 --> 00:14:33 The market doesn't care about that number. Okay, the market is a big
118 00:14:33 --> 00:14:37 casino, and they're they're throwing constant red herrings at you as a trader
119 00:14:37 --> 00:14:42 and as a speculator, as an investor, they're trying to cultivate and
120 00:14:42 --> 00:14:48 manipulate market sentiment with these things. That's why, fundamentally,
121 00:14:48 --> 00:14:54 speaking no pun intended, the the pursuit of using that data on a short
122 00:14:54 --> 00:15:02 term basis is flawed, just like trying to use. Long term interest rate trends
123 00:15:02 --> 00:15:07 for intraday trading is useless, because you could be in a carry trade market on
124 00:15:07 --> 00:15:13 a forex pair where one interest rate in a country is higher than the other, and
125 00:15:13 --> 00:15:18 being long with that currency as the base, that would be a good long term
126 00:15:18 --> 00:15:22 trade holding on to it, because not only you're going to be most likely
127 00:15:22 --> 00:15:25 profitable in the direction, but you're also going to get interest bearing,
128 00:15:26 --> 00:15:33 because you're having your money tied up in that larger interest rate currency in
129 00:15:33 --> 00:15:37 that respect, obviously, you know it makes sense to hold on to a pair like
130 00:15:37 --> 00:15:41 that, because it's going to yield better over time. But that doesn't mean that I
131 00:15:41 --> 00:15:46 wouldn't sell short, that that forex pair, if I was trading it. So these
132 00:15:46 --> 00:15:50 fundamental long term perspectives, these macro perspectives, macro in a
133 00:15:50 --> 00:15:57 sense, it's higher Time Frame and broad in scope, the the necessity for all that
134 00:15:57 --> 00:16:04 stuff while, while trading, is next to nothing for me, but it's wonderful
135 00:16:06 --> 00:16:10 instigation for other people that are less informed to make decisions where
136 00:16:10 --> 00:16:15 they put their money in our reach and we can take it. So just know that I am not
137 00:16:15 --> 00:16:18 looking at fundamental data. I never look at the raw data. I don't look at
138 00:16:18 --> 00:16:23 ppi number, CPI number. I don't give a shit what the FOMC rate announcement is.
139 00:16:23 --> 00:16:28 I never care to look at it. I don't ever care to look at it. And everything that
140 00:16:28 --> 00:16:33 you need to know is inside these little candlesticks. That's the everything that
141 00:16:33 --> 00:16:37 you need to know is right there. Because what this is actually giving you is a
142 00:16:37 --> 00:16:44 real seismic graph of the market sentiment of less informed traders.
143 00:16:44 --> 00:16:49 That's what I see in price. I see stupid people doing stupid things with their
144 00:16:49 --> 00:16:53 money, and I'm waiting for the opportunity where I see something where
145 00:16:53 --> 00:16:57 they're arm wrestling me, and if they're arm wrestling me, and they're willing to
146 00:16:57 --> 00:17:01 put their money on the line, I'm going to take that money. I'm going to sleep
147 00:17:01 --> 00:17:04 well at night. I'm not going to care that they lost the money. I have no
148 00:17:04 --> 00:17:08 problem. I have no Christian qualms about it, because they signed the same
149 00:17:08 --> 00:17:13 risk disclaimers that I signed when I open up my accounts, so they are aware.
150 00:17:13 --> 00:17:16 They know that there's a potential they're going to lose money if they're
151 00:17:16 --> 00:17:20 foolish enough to think that they're going to be smart enough to get ahead of
152 00:17:20 --> 00:17:24 the marketplace in non front payroll. Know exactly where it's going to go, and
153 00:17:24 --> 00:17:31 you can't enter a trade. You can't put a trade on rate as the 830 news driver and
154 00:17:32 --> 00:17:38 enters the marketplace. Try to put a trade in. You won't get filled, or
155 00:17:38 --> 00:17:44 eventually you'll get filled at the most inopportune time with enormous slippage.
156 00:17:44 --> 00:17:48 That means where you're trying to get in it and where you actually get filled is
157 00:17:48 --> 00:17:55 way out of spec. So don't do it. Okay, just don't do it. So now let's go
158 00:17:55 --> 00:17:59 through the liquidity pools. So we're here. We're essentially right here at
159 00:17:59 --> 00:18:05 815 so we look back, we cleared this high. So that's not a liquidity pool
160 00:18:05 --> 00:18:09 that high right there. It's a wick, but still high. So we drop our level right
161 00:18:09 --> 00:18:10 there.
162 00:18:15 --> 00:18:21 And this is a close proximity buy side liquidity pool, meaning this is going to
163 00:18:21 --> 00:18:26 be your minor. So you have to look for something above that one real simple top
164 00:18:26 --> 00:18:36 left, and we'll go to minor. All right. You ready? Was that hard? It complicates
165 00:18:36 --> 00:18:43 everything, alright? So going back from this area here at 815 or so, go to your
166 00:18:43 --> 00:18:48 nearest low. That's not a low. I would consider that this right here, this is a
167 00:18:48 --> 00:18:55 minor sell side liquidity pool. So you can do this. All you're doing is looking
168 00:18:55 --> 00:19:02 for the closest one at a specific time, right before a news event. I'm
169 00:19:19 --> 00:19:27 so easy, even a child can do it. Speaking of children, I believe my son,
170 00:19:27 --> 00:19:33 Caleb, has passed his top step combine. So we'll be waiting for confirmation on
171 00:19:33 --> 00:19:41 that. Proud of you, son, proud of you, but now you're at the hearty this was,
172 00:19:41 --> 00:19:47 this was, this is the easy part. Getting there is easy. Staying there and getting
173 00:19:47 --> 00:19:50 paid out. That's the challenge, because you're going to wrestle with the
174 00:19:50 --> 00:19:56 emotions, alright? So they have minor sell side liquidity and minor buy side.
175 00:19:57 --> 00:20:06 Now you have to take a little bit broader. Look above that. Okay, so we
176 00:20:06 --> 00:20:10 have this now. Look at, look at we have here. We have all this consolidation and
177 00:20:10 --> 00:20:16 all these little lows down here on a news report day, like Non Farm Payroll,
178 00:20:16 --> 00:20:23 they're going to go way outside, way outside what you think is reasonable.
179 00:20:24 --> 00:20:28 That's the problem with Non Farm Payroll. It's so uncertain. And they can
180 00:20:28 --> 00:20:34 go way out of spec in terms of average daily range. They can go outside of what
181 00:20:34 --> 00:20:38 you think it could go to, Oh, it can't. I don't think it's going to go there,
182 00:20:38 --> 00:20:42 and that's exactly where it goes. So chances are when you look at the chart
183 00:20:42 --> 00:20:47 and you think to yourself, I don't, I can't imagine it going there. Ask
184 00:20:47 --> 00:20:50 somebody that doesn't know how to trade look at the chart, okay, and say,
185 00:20:50 --> 00:20:54 Listen, if something really big happened and the market started to move around,
186 00:20:54 --> 00:20:59 up or down, really, really fast, where do you think it would go? Like, pick up,
187 00:20:59 --> 00:21:05 pick a spot on there. Uncanny. Uncanny how that works. But when we come into
188 00:21:05 --> 00:21:10 it, we're looking for all these patterns, these things and whatnot. We
189 00:21:10 --> 00:21:14 dilute that purity of looking through the lens of someone that doesn't know
190 00:21:14 --> 00:21:21 what's going on. So I would not look at these consolidation lows as anything of
191 00:21:21 --> 00:21:25 importance, this is the minor cell side liquidity pool. But cut through all this
192 00:21:25 --> 00:21:30 consolidation, go right to these relative equal lows. So this right here
193 00:21:30 --> 00:21:39 is going to be primary cell side. Primary is just the next logical level
194 00:21:39 --> 00:21:43 of liquidity below your near close proximity, minor cell side liquidity,
195 00:21:43 --> 00:21:48 which is this low, and this is the minor by side liquidity, because it's close
196 00:21:48 --> 00:21:51 proximity to where we're at right now, there's no other high because we've
197 00:21:52 --> 00:21:55 already cleared this one, and we already cleared this individual candlestick
198 00:21:55 --> 00:21:58 there. So that means this is a minor positive liquidity pool. Now, is that
199 00:21:58 --> 00:22:07 complicated? No, it's really simple. So bottom left, and that's the business
200 00:22:07 --> 00:22:16 there. Now, here is the primary buy side. You think it's going to go just to
201 00:22:16 --> 00:22:20 fill in this, I'm going to submit to you that if it's going to go up here, it's
202 00:22:20 --> 00:22:25 going to run right on through to clear this. Why? Because somebody's up here
203 00:22:25 --> 00:22:32 short and they think that they're safe, because this is retail resistance. So
204 00:22:32 --> 00:22:33 this
205 00:22:39 --> 00:22:46 Okay, I promise. I've been on trading view before. I love how I always like to
206 00:22:46 --> 00:22:52 make it look like what I'm doing with this app or platform. I should say, All
207 00:22:52 --> 00:23:03 right, so that is the primary, primary buy side liquidity. Okay, so now the
208 00:23:03 --> 00:23:09 next question is this from a narrative stance, and I am generally wrong when it
209 00:23:09 --> 00:23:18 comes to Non Farm Payroll, so I want to remind you of this. Okay, we have an
210 00:23:18 --> 00:23:23 obvious drop that was precipitous here, going down into a weekly target. What
211 00:23:23 --> 00:23:26 you're looking for inside that buy side of balance, cell sign, efficiency, that
212 00:23:26 --> 00:23:31 blue rectangle. Go watch the first 18 minutes of Monday's live stream. If you
213 00:23:31 --> 00:23:35 do that, you'll see where that blue box came from, why it was important, why I
214 00:23:35 --> 00:23:40 believed it was going to go down there as a weekly target as it hit it. We
215 00:23:40 --> 00:23:44 haven't done much at all, have we? That's pretty interesting, isn't it? So
216 00:23:44 --> 00:23:48 contrast that with how I told you to avoid Wednesday, Thursday and Friday of
217 00:23:48 --> 00:23:51 this week trading. I told you where the market was going to go, told you why it
218 00:23:51 --> 00:23:54 was going to go down there, and it went there, and then it behaved like it did
219 00:23:54 --> 00:23:59 here. And even in this sloppy stuff you saw, I can trade. I can trade in this
220 00:23:59 --> 00:24:04 mess, you're probably not going to do well doing it so because we have
221 00:24:04 --> 00:24:08 somebody that's already made money and they're sitting in profit right now, Non
222 00:24:08 --> 00:24:17 Farm Payroll is a pain, pain mechanism. It's used many times to destabilize, to
223 00:24:18 --> 00:24:22 mess up current sentiment and or unseat individuals and then go the other
224 00:24:22 --> 00:24:29 direction. So what could happen today is we could see it do some wild run up
225 00:24:29 --> 00:24:35 here, knock these individuals out, and then into next week, go lower and not
226 00:24:35 --> 00:24:38 even take out these lows. That's something that can happen. Or it could
227 00:24:38 --> 00:24:43 go down, because this is closer to get to this cell side trip people short, and
228 00:24:43 --> 00:24:47 then rake it all the way across the coals, and then pump it all day long up
229 00:24:47 --> 00:24:51 to get to here, and then go into the weekend where everybody thinks it's
230 00:24:51 --> 00:24:58 bullish, and then we start going lower next week. Or it could just do a little
231 00:24:58 --> 00:25:02 fizzy moving around in here. Here and leave both pools of liquidity, and I'm
232 00:25:02 --> 00:25:07 wrong, and you're wrong, and everybody else is wrong, and these get beat up. So
233 00:25:08 --> 00:25:12 a lot of scenarios here. So how can one say this is the one I'm going to side
234 00:25:12 --> 00:25:17 with? I don't I don't have that visibility. I don't have that but we
235 00:25:17 --> 00:25:22 were all going to watch it now. Okay, so these levels are here, and we're going
236 00:25:22 --> 00:25:28 to watch it on a five minute chart, because it's a little bit more fun. One
237 00:25:28 --> 00:25:32 minutes is too it's too much to see on a one minute chart.
238 00:25:39 --> 00:25:40 And here we go.
239 00:25:46 --> 00:25:54 Already moved the hunter handles and hasn't even been 20 seconds. So the
240 00:25:54 --> 00:26:00 miner buy side's been tagged. Be real easy for it to drop down to get the
241 00:26:00 --> 00:26:01 minor sell side still too. It's
242 00:26:14 --> 00:26:19 a little lackluster here. I was expecting a little bit more punch having
243 00:26:19 --> 00:26:21 the Non Farm Payroll before the election this year.
244 00:26:31 --> 00:26:33 Okay, since it's slow, we will go down to a one minute chart.
245 00:26:42 --> 00:26:54 I So on this first candle at 830 the low came in at 20,064 and the high came in
246 00:26:55 --> 00:27:03 at 20,001 62 okay, so 9898 handles in one minute. Can you can you weather that
247 00:27:03 --> 00:27:08 if you're wrong? Can you weather that with your 15 contracts and your over
248 00:27:08 --> 00:27:11 leveraged funded account challenge or your funded account? Can you do that?
249 00:27:11 --> 00:27:18 Because I'm going to remind you, with common sense, you can't. Okay, so the
250 00:27:18 --> 00:27:23 first pool of liquidity they've taken is the minor buy side. So we're going to
251 00:27:23 --> 00:27:29 see, do we have any interest that go below and get that minor sell side? It's
252 00:27:29 --> 00:27:29 not
253 00:27:40 --> 00:27:44 important to look at the individual candle sticks. So don't, don't complain,
254 00:27:44 --> 00:27:47 like, come on, you're you're two down. I want to see fair value gaps. That
255 00:27:47 --> 00:27:52 doesn't happen here. You're looking for the liquidity for the first 15 minutes.
256 00:27:52 --> 00:27:57 You want to see what stops they run for above and below the marketplace. So this
257 00:27:57 --> 00:28:01 is accomplishing the method. You have your own chart you can look at you look
258 00:28:01 --> 00:28:06 at, I just want you to submit to the idea of watching where it wants to reach
259 00:28:06 --> 00:28:07 for for stops. Do you feel
260 00:28:21 --> 00:28:27 like you missed anything so far? Oh, I wish I would have. Do you feel any of
261 00:28:27 --> 00:28:30 that inside right now, like I wish I would have done this. I wish I would
262 00:28:30 --> 00:28:34 have done that. Or if you had a position and you carried it into this, did you
263 00:28:34 --> 00:28:42 get stopped out? Are you making money right now, if you carried a position in,
264 00:28:42 --> 00:28:44 are you willing to hold on to that trade still?
265 00:28:53 --> 00:28:57 I would like to see it dive down and get that mindset from where it's at right
266 00:28:57 --> 00:29:11 now, because they've already engaged buy side. So since it's kind of slow for a
267 00:29:11 --> 00:29:21 typical, typical Non Farm Payroll, what I'm looking at is this. I'm viewing it
268 00:29:21 --> 00:29:22 from this perspective.
269 00:29:30 --> 00:29:38 The buy side minor has been hit first. There's minor sell side down here,
270 00:29:40 --> 00:29:45 because it's a Non Farm Payroll event. You may look at these lows here and
271 00:29:45 --> 00:29:49 think, Well, that's that's where my eyes would go, not mine, because this low is
272 00:29:49 --> 00:29:55 already lower than that one, and this lows lower than that one. So I'm using
273 00:29:55 --> 00:30:02 this low and that low. So. That's what makes my liquidity pool the first minor
274 00:30:02 --> 00:30:06 sell side. But I see this as
275 00:30:12 --> 00:30:19 the minor buy stops have been acquired here, and if this is the first side they
276 00:30:19 --> 00:30:28 go to at 830 someone could be interested in accumulating positions in here, and
277 00:30:28 --> 00:30:35 if they're running for buy stops with the idea that at a later time today,
278 00:30:35 --> 00:30:40 that it could be potentially lower, where would they want to off load those
279 00:30:41 --> 00:30:49 below this low here, or we're going up here. We're consolidating, accumulating
280 00:30:50 --> 00:30:57 to run, to take the primary buy stops. I have nothing to frame that run on. I
281 00:30:57 --> 00:31:01 wouldn't want to take that trade, even though it looks wonderful in terms of
282 00:31:01 --> 00:31:06 the payout. If you were to hold on to it, I would not do that. And it's still
283 00:31:06 --> 00:31:08 835 so we have nine minutes still.
284 00:31:21 --> 00:31:24 Now looking at it normally, this is what the chart would look like when you're
285 00:31:24 --> 00:31:25 watching it with me.
286 00:31:30 --> 00:31:31 What have you
287 00:31:39 --> 00:31:48 what have you seen here? A fair value gap trades down until one minute before
288 00:31:49 --> 00:31:54 we rally to take the minor buy side. Okay, watch the wick. I
289 00:32:17 --> 00:32:21 if it clears this high it would need to run aggressively and not spend any more
290 00:32:21 --> 00:32:26 time coming back inside this shade of area. If it's underlying bullish and it
291 00:32:26 --> 00:32:31 wants to run, otherwise, if it goes up and fails and goes back down and trades
292 00:32:31 --> 00:32:37 below this, this comes, this becomes rather a potential inversion fair Vega,
293 00:32:37 --> 00:32:40 because normally where it's at now, because it's a buy sign down, sell sign,
294 00:32:40 --> 00:32:44 efficiency and the market prices here, that means it would be normally expected
295 00:32:44 --> 00:32:50 to see it come down as a discount. And if it's bullish, this should offer a
296 00:32:50 --> 00:32:56 reason for the algo to offer that price and then reprice higher. But if it goes
297 00:32:56 --> 00:33:01 down through that and comes back up, that would be inversion. Then we can use
298 00:33:01 --> 00:33:07 that to do a case study for the cell side down here. All right, so we're at
299 00:33:07 --> 00:33:11 right now. It needs to continue. It should not ever come back down in here.
300 00:33:11 --> 00:33:11 I'm
301 00:33:20 --> 00:33:27 did you give yourself permission not to trade? I'll just remind you.
302 00:33:34 --> 00:33:46 So far, this is actually a very timid and tame NFP day. I i Actually puzzled
303 00:33:46 --> 00:33:52 as of why they're holding you back here. I was expecting a whole lot more
304 00:33:52 --> 00:34:00 fireworks seeing that this is the last one before we get to our election. I up.
305 00:34:17 --> 00:34:21 I don't think I'm saying that correctly. We I gotta check my acting on the
306 00:34:21 --> 00:34:26 calendar. November 1 is Friday, so that that could, they could be using that for
307 00:34:26 --> 00:34:31 NFP. I may have been ahead of myself saying that, but I
308 00:34:46 --> 00:34:56 now think about how, in what 15 minutes, 15 minutes the opening bell in the stock
309 00:34:56 --> 00:35:06 market, if they are lifting price. Right at 830 all the way up to opening range,
310 00:35:06 --> 00:35:10 which is 930 to 10 o'clock in the morning. Reminder 10 o'clock, I'm
311 00:35:10 --> 00:35:13 breaking the live session. I have something to take care of. I can escape
312 00:35:13 --> 00:35:19 it so the the public, if they keep sending this higher, and they don't go
313 00:35:19 --> 00:35:29 down to the miner sell side at all, and we open up at 930 right here. We're
314 00:35:29 --> 00:35:40 trading at 20,001 80 or so. We go to river trading hours. We're down here. So
315 00:35:40 --> 00:35:49 previous settlement is here, and we're up here, so that's a really large gap.
316 00:35:51 --> 00:36:00 What happens if it manages to climb all the way up there? We have an enormous
317 00:36:00 --> 00:36:09 gap. So is it possible going to climb that much? I don't think so. It would
318 00:36:09 --> 00:36:13 have been a lot more energetic by now if it was trying to get there. It doesn't
319 00:36:13 --> 00:36:18 mean that it can't still try to press it there throughout the day session and
320 00:36:18 --> 00:36:23 today and just leave everything as it is, go into the weekend with a whole lot
321 00:36:23 --> 00:36:28 of lipstick on this pig. And people see that on the weekend, they'll read
322 00:36:28 --> 00:36:31 barons, they'll read all the investors, Business Daily, Wall Street Journal,
323 00:36:31 --> 00:36:36 whatnot, and all the talking heads will say, well, the market's really strong
324 00:36:36 --> 00:36:40 because the employment data was this, that and the other thing. And then next
325 00:36:40 --> 00:36:46 week, you know, we start seeing underlying weakness. I'm not trying to
326 00:36:46 --> 00:36:55 pick the top. I'm just saying that. I'm not, I'm not trying to pick the top, but
327 00:36:55 --> 00:36:59 I'm not so not trying to be a permeable either, because we're in that really
328 00:36:59 --> 00:37:10 weird, place, technically and seasonally, for the market to do
329 00:37:10 --> 00:37:14 something pretty crazy, and we have all these looming false flags that could pop
330 00:37:14 --> 00:37:21 off at any time. And I suspect next week we're probably gonna have one. So
331 00:37:21 --> 00:37:32 there's some chicken little stuff over the the fair value gap in here. That's
332 00:37:32 --> 00:37:34 one that you want to have on your chart. Note that one I
333 00:37:47 --> 00:37:53 but this one here, right on the jump of Non Farm Payroll, because it was the
334 00:37:53 --> 00:37:58 candle that starts this big carnival ride. If it comes back below this, this
335 00:37:58 --> 00:38:04 is the one I'd like to see definitely as a inversion Fairbank to run down to
336 00:38:04 --> 00:38:09 here, but nothing in here has given me any reason to be a buyer or seller yet.
337 00:38:14 --> 00:38:19 Now as a young man, I would look at this and say, wow, you know, I could have
338 00:38:19 --> 00:38:27 went long right before that happened, and I could be up almost 120 handles or
339 00:38:27 --> 00:38:35 so, and I would literally convince myself that I could find these setups
340 00:38:35 --> 00:38:42 beforehand. And every single time I tried, regret the times I was right, it
341 00:38:42 --> 00:38:49 would stop me out, and then it would run where I wanted to go. So it's something
342 00:38:49 --> 00:38:57 that I mentioned many times, that an opportunity in the wrong conditions, an
343 00:38:57 --> 00:39:03 opportunity is a cleverly disguised impossibility, and that's what I want
344 00:39:03 --> 00:39:09 you to subscribe to, in terms of expecting setups before Non Farm Payroll
345 00:39:09 --> 00:39:17 before 830 Non Farm Payroll Fridays. Hold no bias. Hold no expectation over
346 00:39:17 --> 00:39:24 price. Allow price to show you what it has after, and we have one more minute,
347 00:39:24 --> 00:39:29 15 seconds, and then we can start looking for what's available for price.
348 00:39:36 --> 00:39:42 This is the best orange juice I've ever had. Wow, you know, sometimes you get a
349 00:39:42 --> 00:39:46 glass of orange juice and it's like basically battery acid, and doesn't
350 00:39:46 --> 00:39:51 taste like anything but acid. The last batch of this we had was kind of like
351 00:39:51 --> 00:39:58 that, and this one here is very pleasant. Sometimes you get good
352 00:39:58 --> 00:40:08 oranges, and sometimes you don't, you. Uh, orange juice. It's just, uh, for a
353 00:40:08 --> 00:40:13 long time I wouldn't drink it. Back in the 90s, I had, I got my first slap
354 00:40:14 --> 00:40:23 trading orange juice futures in the option market. First trade like that,
355 00:40:23 --> 00:40:29 and then I lost half my money. All right, 10 seconds.
356 00:40:40 --> 00:40:44 All right. Now it's been 15 minutes after the non front payroll release, so
357 00:40:45 --> 00:40:51 you want to go through your charts and see what is left. Going back through
358 00:40:51 --> 00:41:01 price here on a one minute chart, okay, nothing really to speak of there. You
359 00:41:01 --> 00:41:07 have to go to a five minute chart. I mentioned this down here, so I will
360 00:41:07 --> 00:41:14 already have this on the chart in the event that it does trade here. My
361 00:41:14 --> 00:41:18 interest in that is not to see it come down for a buy. I'm not looking at it
362 00:41:18 --> 00:41:23 like that. If it goes down there, I'm going to see it trade down through it,
363 00:41:23 --> 00:41:28 come back up, treat it as an inversion, fair value gap to ride to minor sell
364 00:41:28 --> 00:41:34 side. That's where my interest lays. Right now, I'm not arguing, and I'm not
365 00:41:34 --> 00:41:39 fighting what it's doing here. I'm just not interested, because right now it's
366 00:41:39 --> 00:41:47 in an area where it's no trade. For me, it's straight from 830 right on up. So
367 00:41:47 --> 00:41:52 what is this? To me? In my mind, it's a Judah swing. I'm looking at this as
368 00:41:53 --> 00:42:00 bait. I'm looking at it as John Q Public. He just got done reading, you
369 00:42:00 --> 00:42:06 know, a couple books, Elliot, wave pitchforks, you know, Dow Theory, white
370 00:42:06 --> 00:42:11 golf. He's watched some Supply and Demand videos, and he's looking at this
371 00:42:11 --> 00:42:17 and he's thinking, wow, this is a bullish market. Like, this is, this is
372 00:42:17 --> 00:42:23 clearly going up. So they're going to look at indicators. They're going to
373 00:42:23 --> 00:42:27 plot their little moving averages. They're going to put pivot numbers on
374 00:42:27 --> 00:42:32 they're going to look for anything and everything they get in this to go up.
375 00:42:34 --> 00:42:37 And the other ones that are just looking at this, they're just simply going to
376 00:42:37 --> 00:42:40 put a buy stop right above this candlestick here, and if it goes up
377 00:42:40 --> 00:42:44 there, they're going to get tripped in go long. So they're just looking for any
378 00:42:44 --> 00:42:53 excuse to get into the market. Long. From this candle at 830 that low to this
379 00:42:53 --> 00:43:05 high has been one straight direction. No stop run, no candlestick, taking out any
380 00:43:05 --> 00:43:12 trailed cell, stops for anyone that we long, because no one could get long. So
381 00:43:12 --> 00:43:19 all of this is just building in a premium ahead of the 930 opening bell.
382 00:43:22 --> 00:43:27 There and what I'm anticipating is I want to see us
383 00:43:33 --> 00:43:40 inside that 30 minute interval of time. I want to see some reason why, during
384 00:43:41 --> 00:43:47 this 30 minutes, but it could happen before I want To see it trade down into
385 00:43:47 --> 00:43:48 this.
386 00:43:59 --> 00:44:09 Let's do uh let's leave it there was. We'll come back to it. Minor cell side
387 00:44:09 --> 00:44:19 under here. I have the pups kennel in there next to me, and if I leave the
388 00:44:19 --> 00:44:27 room, because my wife's out shopping right now. I can't I can't live stream
389 00:44:27 --> 00:44:32 because they'll be hound and barking, and it'll distract me, so you're going
390 00:44:32 --> 00:44:37 to hear them moving around. They're trying to still get my attention. But I
391 00:44:37 --> 00:44:42 see this as just basically pumping it up, providing a premium. Now here's
392 00:44:42 --> 00:44:45 where I could be wrong, and I'm completely content with being wrong.
393 00:44:45 --> 00:44:48 They could just keep pushing this higher, higher, higher, higher, higher,
394 00:44:48 --> 00:44:52 to run to this as the daily objective. And that's, that's the That's it. That's
395 00:44:52 --> 00:45:00 the objective. I will look at something inside of the 930 to 10 o'clock i. The
396 00:45:00 --> 00:45:08 opening range. And see, I trust that if it doesn't get there before then, and it
397 00:45:08 --> 00:45:13 is, in fact, trying to get up there between these two time points, I have
398 00:45:13 --> 00:45:18 confidence that I would see something in there that would afford me an entry idea
399 00:45:19 --> 00:45:22 that would deliver from there up to there, if this is, in fact, where it's
400 00:45:22 --> 00:45:29 going to happen, where I have to let go of the marketplace and potentially miss
401 00:45:29 --> 00:45:34 a move is waiting for the opening bell, because it could just keep on going up
402 00:45:34 --> 00:45:38 there, and it's a move that I just simply missed, and it's okay. There's
403 00:45:38 --> 00:45:46 lots I don't trade every fluctuation the other day, when we were doing the I was
404 00:45:46 --> 00:45:50 teaching you how to trade volatility pinball, which is just a execution
405 00:45:50 --> 00:45:54 drill, just conditioning yourself, taking every single fair value gap,
406 00:45:54 --> 00:45:57 every single one of them, and running for the nearby high or relative equal
407 00:45:57 --> 00:46:01 high, or the nearby low or relative equal Low. And just doing that all
408 00:46:01 --> 00:46:05 session long until you get around 10 to 15. Or if you got time to sit in front
409 00:46:05 --> 00:46:08 of the charts all day long, take a couple breaks throughout the day, get
410 00:46:08 --> 00:46:13 some circulation in your legs and whatnot. Do as much as you can. Have fun
411 00:46:13 --> 00:46:18 with it. And you watched, let's just say that that was a $10,000 account and
412 00:46:19 --> 00:46:26 trading with one contract. You know that's 38% that was posted doing just a
413 00:46:26 --> 00:46:33 drill. So there's lots of setups that are available. And the NASDAQ is going
414 00:46:33 --> 00:46:39 to move over 650 handles today. It's going to move over 800 handles today.
415 00:46:41 --> 00:46:47 It's going to move 1000 handles today. Before it closes, it's going to move
416 00:46:47 --> 00:46:55 that much now to the to the novice, to neophyte, they hear this is going to go
417 00:46:55 --> 00:46:58 up 1000 handles, and it's already people typing up stuff going in their personal
418 00:46:58 --> 00:47:02 messages, direct messages, I should be saying it's going to move 1000 handles
419 00:47:02 --> 00:47:06 today up. I didn't say that. Others are going to say. ICT said, now that's going
420 00:47:06 --> 00:47:11 to drop 1000 handles today. I didn't say that either. I said, now that's going to
421 00:47:11 --> 00:47:18 move 1000 handles today before it closes. Don't believe me. Be long when
422 00:47:18 --> 00:47:25 it does a 30 handle retracement. Lower. Get squeezed out, close the trade, go
423 00:47:25 --> 00:47:29 short, thinking that's where it's going to go. And then ride a move that goes up
424 00:47:29 --> 00:47:35 for 50 handles. We're already almost at 100 handles. And then it's going to do
425 00:47:35 --> 00:47:43 this back and forth, back and forth all afternoon on a one minute chart on less
426 00:47:43 --> 00:47:48 than one minute chart that's happening all day long. So 1000 handles is easy
427 00:47:48 --> 00:47:56 every single day, even in small Range Days. So there's never a short supply of
428 00:47:56 --> 00:48:04 opportunities, but there is a very short supply of high probability, high yield,
429 00:48:06 --> 00:48:15 low risk setups in a day, those are not ample. There is an ample supply of that.
430 00:48:15 --> 00:48:22 So you have to be a little more selective. And on a day like this, you
431 00:48:22 --> 00:48:26 have to submit that you're going to probably miss a move. I'm not going to
432 00:48:26 --> 00:48:30 chase a day like this. You've seen, I think, two times now since we did 2024
433 00:48:31 --> 00:48:37 mentorship, since I started teaching with these principles, you've watched me
434 00:48:37 --> 00:48:42 sit in the live stream and explain how if it keeps going up, it's going to go
435 00:48:42 --> 00:48:47 without me, and it's okay. I have no anxiety, I have no shame, I don't have
436 00:48:47 --> 00:48:52 any kind of regret. I don't feel like I don't know what I'm doing. I'm not
437 00:48:52 --> 00:48:56 thinking that, you know, oh, the viewers of the stream are going to think my
438 00:48:56 --> 00:48:59 concepts don't work. I don't think that at all. I mean, it doesn't matter,
439 00:48:59 --> 00:49:02 because even when I do trade them, and I'm pushing the button and it works.
440 00:49:02 --> 00:49:06 Some people will still say they don't work. It just happens that I got lucky
441 00:49:06 --> 00:49:11 that day, right? But moves like this, where it's just one sided, it just keeps
442 00:49:11 --> 00:49:19 going, going going, going to me, I'm not trading them, and it's okay, because
443 00:49:19 --> 00:49:24 this isn't the only setup. This isn't the only price run for today. It just
444 00:49:24 --> 00:49:29 means that this is the one that everybody else is going to focus on, and
445 00:49:29 --> 00:49:34 they're going to build a case around whether or not they're a good trader, or
446 00:49:34 --> 00:49:37 anyone that doesn't take that trade and didn't take it with them, they're not
447 00:49:37 --> 00:49:42 good. Or if you didn't take this trade, you're you're a loser. If you didn't get
448 00:49:42 --> 00:49:47 long on this you're full. You know, something by that effect where I'm
449 00:49:47 --> 00:49:52 sitting here trying to be a voice of reason and tell you there's nothing in
450 00:49:52 --> 00:50:01 here that I would have been long on nothing, because the risk is too i. Uh,
451 00:50:01 --> 00:50:05 prevalent. And I don't want to just take risks to sort of sake of saying I got in
452 00:50:05 --> 00:50:10 on Non Farm Payroll, which is what most new traders want to do. They want to be
453 00:50:10 --> 00:50:14 able to say, like the badge, like you're all part of the Boy Scouts, and you get
454 00:50:14 --> 00:50:19 that little badge, a little that merit badge, says I survived Non Farm Payroll.
455 00:50:19 --> 00:50:24 I lost my ass and an arm and a leg. But, you know, I survived Non Farm Payroll.
456 00:50:26 --> 00:50:30 No, thanks. That's not what I want to do. You know, I'm not trying to
457 00:50:30 --> 00:50:34 cultivate that as an aspiration for any of my students. I want you to say, You
458 00:50:34 --> 00:50:39 know what? This is an interesting price delivery. I'm thankful I'm not part of
459 00:50:39 --> 00:50:43 it, because I wouldn't be able to trust where the stop loss would be, because,
460 00:50:43 --> 00:50:47 have you considered that? Where would your stop loss be? Say you wanted to
461 00:50:47 --> 00:50:52 chase this and go along. Where are you going to place a stop loss that you can
462 00:50:52 --> 00:50:58 trust it? It's most likely not going to hit it. I don't have one that I could
463 00:50:58 --> 00:51:03 hang my hat on and say, Yeah, I feel confident. I feel fairly confident that
464 00:51:03 --> 00:51:09 the market couldn't retrace down to get my cell stop based on this study on it's
465 00:51:09 --> 00:51:13 nothing that I can do that with here, because this is a one shot rate from the
466 00:51:13 --> 00:51:20 opening at 830 and it's just gravitating towards where I said, the traders that
467 00:51:20 --> 00:51:25 are holding the profitable positions. Let's go back out for a moment.
468 00:51:39 --> 00:51:43 Remember I was saying to you, most of you that see this big sell side of
469 00:51:43 --> 00:51:47 balance by sign efficiency. Some of you are thinking when we were here that it's
470 00:51:47 --> 00:51:51 going to go up just to go in there. And I said, if they're going to go there,
471 00:51:51 --> 00:51:55 they're not going to be content with just going there. They're going to go to
472 00:51:55 --> 00:52:00 where the positions are protected. What positions anyone that was fortunate
473 00:52:00 --> 00:52:03 enough, but not smart enough. They have already gotten out of their short
474 00:52:04 --> 00:52:10 they're entering inside this area anywhere in here, somebody. We don't
475 00:52:10 --> 00:52:15 need another name. We don't know the need another social security number,
476 00:52:15 --> 00:52:19 where their geographic location is on the spinning globe. It's not a flat
477 00:52:19 --> 00:52:25 earth, by the way. The the consolidation in here, we have to look at someone went
478 00:52:25 --> 00:52:33 short. So to be short and hold the position with a stop loss, it's going to
479 00:52:33 --> 00:52:38 be at least the very minimum above this high. And because this high is slightly
480 00:52:38 --> 00:52:42 lower than that one, this means this is what high probability, relative equal
481 00:52:42 --> 00:52:49 high. So it's a prime candidate for it to be what taken. So don't subscribe
482 00:52:49 --> 00:52:53 just merely because there's an efficiency here and think that, well,
483 00:52:53 --> 00:52:56 this is it. You know, we don't have to worry about anything else, except for it
484 00:52:56 --> 00:53:02 going up to here, because it's already done that. I subscribed to the idea at
485 00:53:02 --> 00:53:06 the beginning of the stream that if it's going to go here, why not just go up
486 00:53:06 --> 00:53:10 here where the actual orders are? Because this isn't going to have a lot
487 00:53:10 --> 00:53:15 of orders just trading back up to that candlesticks low. That's not a large
488 00:53:15 --> 00:53:21 pool of orders. The large pool of orders is resting at this high, in this high,
489 00:53:21 --> 00:53:24 in this general proximity, right here, watch,
490 00:53:34 --> 00:53:42 and that band right there, that's where the actual buy stops are. They're not at
491 00:53:42 --> 00:53:47 the top of the sell side of balance, buy side. Efficiency, the delivery to price
492 00:53:48 --> 00:53:52 is just being offered there for the purpose and mechanism of efficient
493 00:53:52 --> 00:53:57 delivery. It's not that there's a specific number of important buy stops
494 00:53:57 --> 00:54:02 there. The algorithm is just simply trading there. So the pools of the
495 00:54:02 --> 00:54:07 liquidity are absolutely at the highs and the lows. Okay, I had someone send
496 00:54:07 --> 00:54:11 me a comment and said, Are there larger pools of liquidity that are not above
497 00:54:11 --> 00:54:17 old highs or not below old lows? No, there are not. The largest pools of
498 00:54:17 --> 00:54:22 liquidity are always absolutely above old highs, and that's buy side or buy
499 00:54:22 --> 00:54:27 stops, or below old lows, and that sell stops or sell side, anything that
500 00:54:27 --> 00:54:30 anybody tells you outside of that is Grade A bullshit. Okay? They're all
501 00:54:30 --> 00:54:33 trying to twist something and create some kind of new theory, some new
502 00:54:33 --> 00:54:38 science. And they're they're just tossing things against the wall and
503 00:54:38 --> 00:54:42 seeing what sticks, and if they can get a filing that starts having some view
504 00:54:42 --> 00:54:46 about some new thing, you know, that'll give them traction, and then they gotta
505 00:54:46 --> 00:54:51 they have a crowd, and they can milk that cloud at that crowd for money. So
506 00:54:52 --> 00:54:55 again, the market goes up just to reprice for the purpose of efficiently
507 00:54:55 --> 00:55:01 delivering what the counter delivery to this. Down move efficient market
508 00:55:01 --> 00:55:05 delivery is that it needs to create a candlestick that does this. I
509 00:55:23 --> 00:55:28 A down closed candle. For me, that's a Black Candle, and a green candle is a
510 00:55:28 --> 00:55:34 bullish candle on my charts. So it would be like this. It would deliver, in the
511 00:55:34 --> 00:55:39 future, some kind of a delivery where price is being offered going back up.
512 00:55:39 --> 00:55:44 We've seen that here. But that's not the end of the story. You gotta think, Why?
513 00:55:44 --> 00:55:48 Why would it won't even go up here in the first place. Does it add in
514 00:55:48 --> 00:55:55 efficiency? It was only offering sell side delivery. That means movement
515 00:55:55 --> 00:56:00 lower. So if it's going to go lower, and the algorithm does two things, it
516 00:56:00 --> 00:56:04 reprices To engage liquidity. It doesn't know how many stops are above an old
517 00:56:04 --> 00:56:09 high. It does not know how many stops are below an old low. But where there
518 00:56:09 --> 00:56:15 are inefficiencies, where it's just one single candlestick that makes a range in
519 00:56:15 --> 00:56:20 and of itself like an island. This one single candle before this candle where
520 00:56:20 --> 00:56:27 that line is attached to it. This candle sticks low and this candle sticks high.
521 00:56:28 --> 00:56:35 This single candle has an inefficiency. It was sell side delivery, but it's
522 00:56:35 --> 00:56:43 inefficient in buy side. It means it hasn't offered price inside the time.
523 00:56:44 --> 00:56:50 Listen, folks, the time between this candles high, that candles low, the
524 00:56:50 --> 00:56:56 interval of time needs to be rebalanced with price, so price will go higher on
525 00:56:56 --> 00:57:00 the buy side delivery. It means over overlapping. The same price range
526 00:57:00 --> 00:57:04 between this candle is low. This candle is high. You are expecting in the future
527 00:57:05 --> 00:57:09 a pass break, back up over top of the single candle. And once it does that and
528 00:57:09 --> 00:57:16 it touches this candle is low. This has been efficiently delivered. That is not
529 00:57:16 --> 00:57:21 a balanced price range. It just means it's been efficiently delivered. So back
530 00:57:21 --> 00:57:28 to the discussion about why that's simply not enough. The market going into
531 00:57:28 --> 00:57:35 this area and offering efficient price and not taking a ride into these stops,
532 00:57:36 --> 00:57:41 to me, would be a rather interesting observation today, because this is where
533 00:57:41 --> 00:57:48 the actual orders are. There are no orders essentially, that are
534 00:57:51 --> 00:57:55 outnumbering. Let's say it that way, the actual liquidity that rests in these
535 00:57:55 --> 00:58:00 highs the market driven down into that target we had in the blue shaded area.
536 00:58:00 --> 00:58:03 It's the weekly buy, some balance outside efficiency. Balance, outside
537 00:58:03 --> 00:58:07 efficiency. It delivered that, and it delivered it quickly, and then we did
538 00:58:07 --> 00:58:12 not make anything lower. So the individuals that were sitting with the
539 00:58:12 --> 00:58:16 largest form of profit that's still open, if they're holding the shorts,
540 00:58:17 --> 00:58:20 their stop loss orders are here. Not all of them, most of them already been
541 00:58:20 --> 00:58:27 stopped out with this return back to that high, this spike taking out that
542 00:58:27 --> 00:58:32 high, and then obviously the non front payroll today took out that high, but
543 00:58:32 --> 00:58:40 we're above this inefficiency now, right here. So it goes without saying that non
544 00:58:40 --> 00:58:48 prom payroll is used to disrupt what's already in play, what's in play, the
545 00:58:48 --> 00:58:56 shorts from here. Now, it could have very easily from here dropped down,
546 00:58:57 --> 00:59:03 disrupted these and then made this the daily run I would have rather seen that,
547 00:59:03 --> 00:59:09 to be honest with you. But as it is, we just started right at 830 and just
548 00:59:09 --> 00:59:13 started running rate for this inefficiency. It's no longer
549 00:59:13 --> 00:59:19 inefficient. Now. It's been efficiently delivered. It is not a balanced price
550 00:59:19 --> 00:59:24 range yet, so we still have to submit to the idea that there might be going to
551 00:59:24 --> 00:59:31 take us up into here, so it can keep us real close to where the inefficiency
552 00:59:31 --> 00:59:36 high of the city and the city is this. I mean, let me draw it out in case there
553 00:59:36 --> 00:59:37 are new people here. I'm
554 00:59:49 --> 00:59:55 this is the inefficiency, and you can see how we already painted right over
555 00:59:55 --> 01:00:05 top of this individual candlestick. And. That one right here, and then we have
556 01:00:05 --> 01:00:11 all this delivery right back over top of it. You see that this is usually seen
557 01:00:11 --> 01:00:17 with one single candle, but in here it took two. It's fine, whatever it took.
558 01:00:17 --> 01:00:23 Time wise, to make this city. You're always anticipating price to do the same
559 01:00:23 --> 01:00:32 thing time wise. So between the interval of this candlesticks low to this
560 01:00:32 --> 01:00:38 candlesticks high, that same one single candle, you're always anticipating the
561 01:00:38 --> 01:00:43 delivery to be the same type of delivery on the other side. So that tells, it
562 01:00:43 --> 01:00:48 tells you a whole lot, teaches you what speed and magnitude whenever you see me
563 01:00:48 --> 01:00:53 talk about when I'm in a live stream, or if I'm in a live execution, and I'm
564 01:00:53 --> 01:00:56 recording the trade, and I'm annotating by typing out what I think, and I'll
565 01:00:56 --> 01:01:01 say, Okay, I expect to see speed in distance, or speed and magnitude. I want
566 01:01:01 --> 01:01:08 to see speed. I want to see large candles. Now it's underneath this idea
567 01:01:08 --> 01:01:14 where it's overlapping something that's inefficient. So if the inefficiency was
568 01:01:14 --> 01:01:19 manifested in the sense that it's been delivered to the sell side quickly and
569 01:01:19 --> 01:01:26 sudden, it goes without saying that you should see buy side driven quickly to
570 01:01:26 --> 01:01:31 reprice over top of this. Now that's not always the same, because sometimes
571 01:01:31 --> 01:01:36 you'll see that the market will go up a little bit and come back down, go up a
572 01:01:36 --> 01:01:40 little bit and come back down, go up a little bit and come back down, go up a
573 01:01:40 --> 01:01:44 little bit and come back down. And just keeps grinding like that. That's high
574 01:01:44 --> 01:01:51 resistance inside in inefficiency. Those are the times where you're going to get
575 01:01:51 --> 01:01:56 smacked around and it's just they're holding it back. Because in normal
576 01:01:56 --> 01:02:02 delivery, it should be single pass, inefficient, single pass, quickly and
577 01:02:02 --> 01:02:07 delivered. But if you ever see inside of an inefficiency like this, and it goes
578 01:02:07 --> 01:02:10 up in a little sputtering, little bit of move back and forth, back and forth,
579 01:02:10 --> 01:02:13 that's a manual intervention as well. Why? Because we're inside of an
580 01:02:13 --> 01:02:19 inefficiency or gap, and price is doing what it's being held back stagnant, even
581 01:02:19 --> 01:02:24 though it's still pricing over and over and over and over higher highs. Just
582 01:02:24 --> 01:02:26 realize that you're going to be in a trade that's going to have a whole lot
583 01:02:26 --> 01:02:31 more retracements. So if you're long and say it's not Non Farm Payroll, you
584 01:02:31 --> 01:02:36 should not be trying to chase or Trailer Stop Loss up, just lock in cover costs.
585 01:02:36 --> 01:02:39 Give yourself something that's a nice dinner out in case you get stopped out
586 01:02:39 --> 01:02:44 and just let it go. It's hard to hold those types of trades. It really is, but
587 01:02:44 --> 01:02:48 you just got to do it that way, otherwise you're going to be more prone
588 01:02:48 --> 01:02:53 to being stopped out. So we're not subscribing. I'm not trying to tell you
589 01:02:53 --> 01:02:56 to subscribe to the idea just because we go here, we're done, because we've
590 01:02:56 --> 01:03:02 already done what we went above it. So this is where the actual orders are,
591 01:03:04 --> 01:03:11 right here. If you have, like book map, or if you have something similar, I know
592 01:03:11 --> 01:03:15 Matt cohort has something he does that's along the same lines. It's like a
593 01:03:15 --> 01:03:20 liquidity map or whatever. If you use that, take a look at it and take a look
594 01:03:20 --> 01:03:28 at the the highs here and here, and start watching what those, what those
595 01:03:28 --> 01:03:33 price levels have on those types of tools. I'm saying, you know, before we
596 01:03:33 --> 01:03:42 had the the opening at 830 there, that this was minor, and this is primary. And
597 01:03:42 --> 01:03:47 also stated that Who's In Who's in profit right now at the time of 830 the
598 01:03:47 --> 01:03:52 shorts are that's what the largest move lower. We haven't made new ground. Lower
599 01:03:52 --> 01:03:57 than that. We've consolidated. So don't just think that we're going up here to
600 01:03:58 --> 01:04:02 rebalance this. If we're going up here, I'm going to submit to the idea that
601 01:04:02 --> 01:04:08 they're going up there to cannibalize these position holders that are short,
602 01:04:08 --> 01:04:13 that have their stop losses here, and who would have stops up there, deeper
603 01:04:13 --> 01:04:17 pockets than you and I, large institutions, large institutional
604 01:04:17 --> 01:04:21 investors. They're not in the business of trailing their stop loss. They don't,
605 01:04:21 --> 01:04:25 they don't look at okay, it's dropped down 10 handles. Let me, let me move my
606 01:04:25 --> 01:04:30 stop to break even. That's not what they're doing. So they're going to hold
607 01:04:30 --> 01:04:36 on to positions with stops way outside the range of in their in their view,
608 01:04:36 --> 01:04:39 it's just static price action. They don't want to get chopped up in a normal
609 01:04:39 --> 01:04:44 delivery of volatility, so when they put their positions on, they leave their
610 01:04:44 --> 01:04:49 core protective stops above their entry. So that way, they're not needing to have
611 01:04:49 --> 01:04:54 an analyst or a Trade Manager babysitting every fluctuation over
612 01:04:54 --> 01:04:59 price, because they're managing billions of dollars, so you're worrying about
613 01:04:59 --> 01:05:04 your one. Lot, your micro lot, you know, on a funded account where, you know, if
614 01:05:04 --> 01:05:09 you lose, you lost the activation fee or whatever it is that you make you pay. In
615 01:05:09 --> 01:05:15 this case, they stand to lose billions of dollars, millions of dollars at the
616 01:05:15 --> 01:05:21 minimum, right? So my eye is trying to look for evidence that it's going to
617 01:05:21 --> 01:05:26 continue to drive to here, and we're close to the opening bell. We're almost
618 01:05:26 --> 01:05:30 at 10 minutes after so we have 20 minutes or so away being right here.
619 01:05:31 --> 01:05:38 They could use the opening range, the first 30 minutes to drive up into this
620 01:05:38 --> 01:05:44 liquidity here, and then take in an account what, what's going to be here.
621 01:05:44 --> 01:05:48 When we look at record trading hours, an enormous gap. Remember, we're sitting
622 01:05:48 --> 01:05:52 right here above this inefficiency. Price is sitting right there in
623 01:05:52 --> 01:05:57 electronic trading hours, and this is previous day's settlement price down
624 01:05:57 --> 01:06:03 here. So we have a very large gap. So if we're going to be in close proximity to
625 01:06:03 --> 01:06:07 those relative equal highs, which is the primary buy side, which you can't see it
626 01:06:07 --> 01:06:13 here, notice that, but we're sitting right here based on actual electronic
627 01:06:13 --> 01:06:17 trading hours right now. The chart shows regular trading hours. So this is how we
628 01:06:17 --> 01:06:23 determine what our gap is, our opening range gap looking at electronic trading
629 01:06:23 --> 01:06:29 hours. We're sitting right here at the top of it. So is it unreasonable to
630 01:06:30 --> 01:06:35 anticipate them keeping price in this general area and then running it as a
631 01:06:35 --> 01:06:43 Judas swing on regular trading hours? So words, let me, let me show you. Like
632 01:06:43 --> 01:06:48 this. Right now we see prices sitting essentially right here.
633 01:06:53 --> 01:06:58 It's the first time a crayons, folks, I'm sorry, the the price right now in
634 01:06:58 --> 01:07:02 electronic trading hours, it's there. And this line, even though you don't see
635 01:07:02 --> 01:07:07 the relative equal highs, because it's booked on electronic trading hours this
636 01:07:07 --> 01:07:12 level, we could see it do this inside of regular trading hours like this. We
637 01:07:12 --> 01:07:22 could see it deliver a run up to here. Then let's assume, and I'm not saying
638 01:07:22 --> 01:07:31 this is the case, but let's assume that this is the gap, and we take the
639 01:07:31 --> 01:07:33 quadrants off, and we're just going to look at the
640 01:07:40 --> 01:07:41 trying to find the
641 01:07:47 --> 01:07:52 there it is. Gotta pick some ugly color that's the mid, mid gap, that yellow
642 01:07:52 --> 01:07:56 line. So assuming that we opened here, and we we're not opening there, because
643 01:07:56 --> 01:08:00 we still have several minutes before it actually opens at 930 but just play
644 01:08:00 --> 01:08:04 devil's advocate and say it opens at this price right here and where we had
645 01:08:04 --> 01:08:10 the previous settlement price down here at 414, yesterday. This is mid gap. So
646 01:08:10 --> 01:08:15 it could open trade up, bust out the relative equal highs in electronic
647 01:08:15 --> 01:08:27 training hours. That's this I'm yeah. So open here. Rally up, disrupt the stops,
648 01:08:27 --> 01:08:33 accumulate those stops, then drop down to mid gap, right there, and then we'll
649 01:08:33 --> 01:08:36 see if it wants to go low or not. Notice that it's also when it goes to mid gap,
650 01:08:37 --> 01:08:41 it's basically coming to the high of all this consolidation. It's going to take a
651 01:08:41 --> 01:08:47 real move to get through all this. Not to say it can, but that's what, that's
652 01:08:47 --> 01:08:51 what I see in price right now, in the potential scenario that may unfold based
653 01:08:51 --> 01:08:55 on what I see here, I don't think they're going to let these individuals
654 01:08:55 --> 01:08:59 off the hook. I think they're, they're, that's the people in play. And if you go
655 01:08:59 --> 01:09:03 back and listen to the beginning of stream. I was mentioning that Non Farm
656 01:09:03 --> 01:09:11 Payroll it It's this. It's a disruptive event. It attacks anyone that has the
657 01:09:11 --> 01:09:14 present profitable sentiment. That's these individuals that are short up
658 01:09:14 --> 01:09:18 here. And look how close we are to them. And then you have the normal volatility
659 01:09:18 --> 01:09:23 in the first 30 minutes of trading at 930, to 10 o'clock, it's not
660 01:09:23 --> 01:09:27 unreasonable to anticipate him, to pump it up, another hand, other handles, to
661 01:09:27 --> 01:09:31 knock these individuals out. And then the real interesting study is, what do
662 01:09:31 --> 01:09:38 we do then? Because we have a huge gap that 70% of time number might not be the
663 01:09:38 --> 01:09:42 first 30 minutes, if it goes down here at all today, it might take a little bit
664 01:09:42 --> 01:09:50 more time to get time to get down here. So just intermusings, how I internalize
665 01:09:50 --> 01:09:55 what I'm expecting, how I would look at it today, and it'll get this business
666 01:09:55 --> 01:09:55 off here I'm.
667 01:10:15 --> 01:10:22 If that was confusing to you, just know that it's not it's not it's not that
668 01:10:22 --> 01:10:27 difficult. But toggling between electronic trading hours. Electronic
669 01:10:27 --> 01:10:37 trading hours is a 6pm to 5pm and then regular trading hours is 9:30am all, all
670 01:10:37 --> 01:10:47 local time, New York, 9:30am to 4:14pm, and the opening range gap is always
671 01:10:47 --> 01:10:53 defined by regular trading hours, which is this. And you see, we have an
672 01:10:53 --> 01:11:04 enormous gap in the making. So opening range, I'm anticipating maybe a little
673 01:11:04 --> 01:11:08 bit of a drop down, get people thinking, Oh yeah, it's, it's selling off because
674 01:11:08 --> 01:11:15 it filled in this, this gap. It's liquidity void, which it's not there was
675 01:11:15 --> 01:11:20 trading in here. So it makes, it's not a liquidity void, but the small little
676 01:11:20 --> 01:11:25 drop down, and then run it right up into here that'll get the Street Money want
677 01:11:25 --> 01:11:29 to chase it even more, buying, buying, buying, buying, buying, buying, buying,
678 01:11:29 --> 01:11:34 buying, and then when it gets into here, smart money could sell short against all
679 01:11:34 --> 01:11:39 these buy stops that'll become a flood of liquidity for willing buyers at a
680 01:11:39 --> 01:11:46 high price, willing buyers at a higher price, where smart money could use that
681 01:11:46 --> 01:11:52 to sell to them, and then they could ride down into a gap closure, half the
682 01:11:52 --> 01:11:56 gap, three quarters the gap, if it completely wipes out and goes down. I
683 01:11:56 --> 01:12:03 mean, anything can happen. Anything can happen. So just know that. That's what
684 01:12:03 --> 01:12:08 Non Farm Payroll. It complicates the decision making, so you have to really
685 01:12:08 --> 01:12:17 know a lot more than you think you should to navigate it well. Now contrast
686 01:12:17 --> 01:12:21 everything I just said here versus when we're looking at a normal any run in the
687 01:12:21 --> 01:12:24 middle day where we have a small, little gap, okay, this is where the gap is.
688 01:12:24 --> 01:12:28 Wait for the first present, the fair value gap. It's pretty straightforward.
689 01:12:28 --> 01:12:32 The comments are basically saying 2024, mentorship has made everything come
690 01:12:32 --> 01:12:36 together, connected the dots. I can see this now. I can anticipate it. It's,
691 01:12:36 --> 01:12:42 it's, it's bridged all these gaps in my understanding, and now you're finding
692 01:12:42 --> 01:12:46 setups that are much more consistent, and you're comfortable. That's the main
693 01:12:46 --> 01:12:49 thing. You're comfortable. You're not fearful, you're not anxious, and you're
694 01:12:49 --> 01:12:53 very calm when you're in the trades. Now, have you noticed that that's what
695 01:12:53 --> 01:12:57 mentorship is like, that's learning something from someone that knows what
696 01:12:57 --> 01:13:01 they're doing, and that things that work in the marketplace, not contrive things,
697 01:13:01 --> 01:13:05 not conjecture things, things that are actually based in, rooted on the truth.
698 01:13:06 --> 01:13:10 Now contrast all those things with what I just outlined here for nonprofit role.
699 01:13:10 --> 01:13:15 It's like, wow, this is a lot, exactly. So if you're a brand new student, can
700 01:13:15 --> 01:13:21 you see how this could quickly drown you? It's difficult, and it's difficult
701 01:13:21 --> 01:13:24 for me. I ain't gonna lie. I'm gonna tell you straight up, these are very,
702 01:13:24 --> 01:13:29 very challenging conditions, because I can see multiple scenarios that could
703 01:13:29 --> 01:13:34 very easily be used, whereas any other given day, I can see how, okay, yeah,
704 01:13:34 --> 01:13:38 they obviously pump this into a premium. Our large opening gap is going to go 70%
705 01:13:39 --> 01:13:43 likely back to mid gap in the first 30 minutes. That's your first initial bias.
706 01:13:43 --> 01:13:47 So you can submit to that idea. If there's a scalp, you can take that. But
707 01:13:47 --> 01:13:51 once it gets the mid gap, then we have to determine, does it want to continue
708 01:13:51 --> 01:13:55 in the direction of the gap, or is it a complete gap closure? And then once it
709 01:13:55 --> 01:13:59 closes the gap, does it go below the gap? If it's a premium gap, then use the
710 01:13:59 --> 01:14:03 bottom of the gap as resistance or a premium, and then sell off and do a
711 01:14:03 --> 01:14:11 multiple of that opening range gap of two to three standard deviations. So
712 01:14:11 --> 01:14:17 your understanding is gradually being increased. Caleb, but you have to have
713 01:14:17 --> 01:14:21 the willingness to say, I'm not interested in this day, Dad, that's the
714 01:14:21 --> 01:14:24 answer I'm looking for from you. That is the answer that I want to hear from you.
715 01:14:24 --> 01:14:30 I want to hear say, You know what I can do without it. And that's maturity.
716 01:14:30 --> 01:14:34 That's a hard thing to sell to a new trader, new student, because they see
717 01:14:34 --> 01:14:41 these big candles and invites them like a candy bar, like I want, that I want,
718 01:14:41 --> 01:14:45 that I'm not satisfied with a consistent 25 to 30 handles every single day. I'm
719 01:14:45 --> 01:14:50 not satisfied with that. I want to take chance, and the risk is not that
720 01:14:50 --> 01:14:56 imperative to me as a deterrent to not want to trade this day. That that's the
721 01:14:56 --> 01:15:01 usual dynamic in the mind of a new trader. You. As they chase the
722 01:15:01 --> 01:15:05 excitement around it, they think they actually believe that they can be in
723 01:15:05 --> 01:15:09 this move beforehand and be right enough times and survive it. And it's it's not
724 01:15:09 --> 01:15:16 the case. It's not the case. Man. So we're going to see here in about 10
725 01:15:16 --> 01:15:25 minutes, how the market uses this information. I'm in these next few
726 01:15:25 --> 01:15:35 minutes, I'm going to talk about Asia, when, when we look at the daily ranges,
727 01:15:35 --> 01:15:41 okay? And I'm going to take our attention away from all the markups
728 01:15:41 --> 01:15:46 here. I want to delete them and we'll come back to it in a second. We'll come
729 01:15:46 --> 01:15:50 back to about three minutes before the opening bell, but we'll remove the
730 01:15:50 --> 01:15:52 drawings and go to a daily chart. I
731 01:15:59 --> 01:16:07 want you to think about how when the market doesn't have a economic calendar
732 01:16:07 --> 01:16:15 event that's a medium or high impact news driver during the 830 to 10 o'clock
733 01:16:15 --> 01:16:19 crude oil inventory is usually coming around 1030 they're Not really all
734 01:16:19 --> 01:16:24 impactful to indices or inequities like that's really not, that's not a factor.
735 01:16:25 --> 01:16:29 But usually you'll have a 10 O'Clock News driver, there'll be a 945 news
736 01:16:29 --> 01:16:38 driver, there'll be a 930 there'll be a 830 or an 845 news driver, maybe a 915
737 01:16:39 --> 01:16:43 something will come out, but somebody's speaking a speech or whatnot, usually
738 01:16:43 --> 01:16:49 anywhere between 830 and 10 o'clock. That's like your your time when some
739 01:16:49 --> 01:16:55 kind of an external stimulus will come into the marketplace and be used as a
740 01:16:55 --> 01:16:59 smoke screen to mask what the market makers are doing, whether
741 01:16:59 --> 01:17:05 algorithmically or may you intervene, let's assume that there's nothing on the
742 01:17:05 --> 01:17:11 economic counter going into the next morning. Okay, and also, let's assume
743 01:17:11 --> 01:17:17 that in the last hour of trading, the market trades down and cleans up a pool
744 01:17:17 --> 01:17:23 of liquidity below relative equal lows, or below a significant low that's been
745 01:17:23 --> 01:17:29 in the the charts for several days. So during the last hour, they trade down.
746 01:17:30 --> 01:17:34 Say when the market's bullish. It does this in the last hour, so it engages the
747 01:17:34 --> 01:17:38 sell side, below a old low, or relative equal lows that's been in the market for
748 01:17:38 --> 01:17:44 a few days, but they stop it right at the market close, once that sell side's
749 01:17:44 --> 01:17:53 been taken. That is usually a wonderful time to anticipate, at 6pm when the
750 01:17:53 --> 01:17:59 market starts trading again, because at 5pm assuming we're not on a Friday, at
751 01:17:59 --> 01:18:07 6pm they'll start the new electronic trading hours session. Wait until around
752 01:18:07 --> 01:18:17 650, to 710, and you can start looking for reasons to be long then, and look
753 01:18:17 --> 01:18:21 for setups to trade into the 10 o'clock hour. Not that they all last that long,
754 01:18:22 --> 01:18:28 but that's the usual protocol I use when I'm trading at Asia. With a high degree
755 01:18:28 --> 01:18:32 of probability that you're going to have a nice Asian range that last hour of
756 01:18:32 --> 01:18:37 trading. It's got to upset some kind of liquidity and then stay there into the
757 01:18:37 --> 01:18:42 close. It cannot go down below, relative equal low or singular low, and then
758 01:18:42 --> 01:18:47 start rallying in the last hour. That doesn't give you the same high
759 01:18:47 --> 01:18:52 probability, because what is actually happening is, in those instances, the
760 01:18:52 --> 01:18:56 last hour is being implemented for smart money to accumulate, the cell stops and
761 01:18:56 --> 01:18:59 they're just holding it there. And you'll see live streamers that are
762 01:18:59 --> 01:19:03 expecting a lot more protracted move lower, when then all they're doing is,
763 01:19:03 --> 01:19:07 there's they're just keeping price there, and they're letting the last flow
764 01:19:07 --> 01:19:13 of orders coming in, which is a large influx, they're just scooping them all
765 01:19:13 --> 01:19:21 up, buying, accumulating. And then they know that in Asia, after the first 50
766 01:19:21 --> 01:19:25 minutes of trading, the algorithms macro will start spooling price, and then
767 01:19:25 --> 01:19:28 it'll tell them that they're on side or offside. And then the market, when it
768 01:19:28 --> 01:19:32 starts to rally, then they take, they take every single discount array to
769 01:19:32 --> 01:19:38 accumulate more long positions going into the 10 o'clock hour. So if you look
770 01:19:38 --> 01:19:45 at some of the the better days where Asia has had really nice price runs.
771 01:19:46 --> 01:19:51 Study By contrast, the last hour of trading in the index, and you'll see
772 01:19:51 --> 01:19:56 clues that you didn't see there before. That is the largest degree of
773 01:19:56 --> 01:20:01 probability for trading Asian session. To be, you know, it's going to be a
774 01:20:01 --> 01:20:05 good, good day to trade. It does not mean every single Asian session is a
775 01:20:05 --> 01:20:11 good trading opportunity. It's not, and I said this at nauseum, but the the
776 01:20:11 --> 01:20:15 protocol I use is it has to be a day where there isn't going to be any kind
777 01:20:15 --> 01:20:19 of high impact news drivers or medium impact news drivers, no speeches, no
778 01:20:19 --> 01:20:23 nothing in the economic calendar between 830 and 10 o'clock the next New York
779 01:20:23 --> 01:20:27 session, because there's an absence of that. They're going to use many times
780 01:20:27 --> 01:20:31 the Asian session as the low of the day when you're bullish or the high of the
781 01:20:31 --> 01:20:38 day when you're bearish. And if you look at the the daily chart here, you can
782 01:20:38 --> 01:20:46 toggle back and forth, and you can see how the days close and open are real
783 01:20:46 --> 01:20:50 close to one another, not all the time, to kind of find, if you're looking at
784 01:20:50 --> 01:20:55 how the your charts show in the settlement, but generally you're seeing
785 01:20:55 --> 01:21:00 the bodies are very close to what The previous bodies closed or opened that
786 01:21:00 --> 01:21:08 previously. So that indicates there's something going on, but not always is it
787 01:21:08 --> 01:21:13 the low of the day. You see how close we are in proximity here, between the
788 01:21:13 --> 01:21:18 previous close and where we opened. But we had all of this, and we had this in
789 01:21:18 --> 01:21:22 here, so you have to filter out all that. How do you do that? By focusing on
790 01:21:22 --> 01:21:29 the sessions Asia, seven o'clock to nine. That's your sweet spot. That's
791 01:21:29 --> 01:21:34 your that's your little working area. Okay? And it could, it can extend its
792 01:21:34 --> 01:21:38 price runs to 10 o'clock, but usually when we get in 10 o'clock, just square
793 01:21:38 --> 01:21:42 your positions, or if you're trading with the pretense that it's going to be
794 01:21:42 --> 01:21:48 a continuation on the daily chart, and you want to capture large range, and
795 01:21:48 --> 01:21:54 there's no economic news medium impact or high impact or speeches at 830 to 10
796 01:21:54 --> 01:21:58 o'clock the next New York session. Take some profit off at 10 o'clock, but leave
797 01:21:58 --> 01:22:04 a runner some form of position still on it. And you'll see many times that Asia
798 01:22:04 --> 01:22:09 will start rallying up, and it'll have this uncharacteristic movement. It's
799 01:22:09 --> 01:22:13 like, where did this come from? Where did this come from? A couple weeks back,
800 01:22:13 --> 01:22:17 I bought radon market on clothes, and it was doing very similar things. I did
801 01:22:17 --> 01:22:20 this. I shared this with my private students, and in Asia. Just kept on
802 01:22:20 --> 01:22:27 going higher, higher, higher, higher, and it looked very similar to what we've
803 01:22:27 --> 01:22:34 seen so far on this. It was just doing something like this. It's like everybody
804 01:22:34 --> 01:22:38 was sending me comments in the videos, they were sending me emails. What's
805 01:22:38 --> 01:22:41 going on Asia? What happened in Asia? And what I just explained to you is what
806 01:22:41 --> 01:22:46 happens. That's what happens. The smart money uses the market on clothes to
807 01:22:46 --> 01:22:52 enter, and then they wait for Asia to start, and then at 650, to 710, that
808 01:22:52 --> 01:22:57 first macro it better start sending price in direction, higher if they're
809 01:22:57 --> 01:23:00 long. And as it does that, every single time it comes back down to a short term
810 01:23:00 --> 01:23:04 discount, they're accumulating anymore. And what will happen is Asia will run
811 01:23:04 --> 01:23:07 all the way up into Midnight. Midnight, you'll have small, you know, small,
812 01:23:07 --> 01:23:11 little retracement, but then London just keeps on powering up, or it'll
813 01:23:11 --> 01:23:18 consolidate all through a messy London. And Asia was the real run. London is a
814 01:23:18 --> 01:23:22 consolidation. And then in New York, you get another stage of what was happening
815 01:23:22 --> 01:23:26 in Asia. That's the set, that's the first measured move. And then you'll see
816 01:23:26 --> 01:23:30 the same thing repeated during the New York session, and you'll be up 700 500
817 01:23:30 --> 01:23:34 handles on the on the day based on 6pm previous electronic trading hours,
818 01:23:34 --> 01:23:42 opening price to whatever the high of the day is that's formed in New York. So
819 01:23:42 --> 01:23:45 as a reminder, that's not an everyday occurrence. That's not something that
820 01:23:45 --> 01:23:50 tells you that you have a good trading session in Asia like that all the time,
821 01:23:50 --> 01:23:55 but there are opportunities that you can trade Asia between 650 to 10 o'clock,
822 01:23:55 --> 01:24:04 because 650 is when the first macro starts to spool and the 750 to 810 in my
823 01:24:04 --> 01:24:10 opinion, is better, because sometimes they can get a delayed start. So if
824 01:24:10 --> 01:24:17 there is no obvious run on price at the 650 to 710 macro in Asia, the odds of
825 01:24:17 --> 01:24:22 the 750 to 810 macro presenting something really nice for Asia, even if
826 01:24:22 --> 01:24:27 it is going to be a high impact or news impact session in the New York session
827 01:24:27 --> 01:24:31 later on, you'll still have a really nice opportunity to trade in Asia. It
828 01:24:31 --> 01:24:34 doesn't mean you're gonna Hunter handles, but you can get anywhere
829 01:24:34 --> 01:24:38 between 25 and 40 handles in Asia. When it's like that, when the when the 650,
830 01:24:39 --> 01:24:46 the 710, macro, is silent. It's sitting still. The 750, to 810, macro in Asia is
831 01:24:46 --> 01:24:50 generally a nice 2020, to 40 handle run, don't take my word for it. Go back and
832 01:24:50 --> 01:24:53 look at your charts and see it. And don't just look at the last two weeks
833 01:24:53 --> 01:24:56 and think you have something figured out. Okay, again, I got comments about
834 01:24:56 --> 01:25:03 some guy who didn't, uh. Systems run on the probabilities of the opening range
835 01:25:03 --> 01:25:07 gap not filling, or, I'm sorry, filling 7% of time in the first 30 minutes. I
836 01:25:07 --> 01:25:13 have data going back 40 years, so I don't know what your data is, but I have
837 01:25:13 --> 01:25:19 four decades of data only, so your data is probably skewed, meaning you don't
838 01:25:19 --> 01:25:23 have the full picture. And I wouldn't just toss that number out there. I'm not
839 01:25:23 --> 01:25:27 literally pulling out of my ass to sound intelligent. It's based on my own
840 01:25:27 --> 01:25:32 studies, my own observations. I've been watching the markets for 32 years. I
841 01:25:32 --> 01:25:38 have data. I've purchased data before I started trading, the markets were
842 01:25:38 --> 01:25:43 trading, so I had to buy data because I wanted to back test how far, how far
843 01:25:43 --> 01:25:47 back did these observations I was making exist in price action? So when I tell
844 01:25:47 --> 01:25:52 you the opening range gaps, these were things that I was dealing with, you
845 01:25:52 --> 01:25:59 know, currency futures, let's do this. Go back in, put all the lipstick back
846 01:25:59 --> 01:25:59 on. I'm
847 01:26:04 --> 01:26:10 control. Z, alright, so we are sitting with a very large opening range gap.
848 01:26:10 --> 01:26:21 There we are, and let's look at this on a one minute chart. So there is the
849 01:26:23 --> 01:26:36 burger trading hours settlement to opening price, and that's mid gap. And
850 01:26:40 --> 01:26:46 now we can go back into electronic trading hours.
851 01:26:52 --> 01:26:58 Actually get that price. 111, three quarters. I
852 01:27:04 --> 01:27:08 Okay, so here is mid gap inside of opening range I'm
853 01:28:00 --> 01:28:06 These are the Days where I'd like to see it not go to mid gap yet. But in fact,
854 01:28:06 --> 01:28:11 give this initial drop down here to get traders thinking it's going to go lower
855 01:28:11 --> 01:28:24 and then rally it higher and go for the obvious buy side. I Yeah, because if it
856 01:28:24 --> 01:28:30 comes all the way down to mid gap and decline from there all the way up here,
857 01:28:30 --> 01:28:35 then I'm, I'm convinced at that time that we won't just go here to go back
858 01:28:35 --> 01:28:38 down. It's going to go here and then consolidate, accumulate more and go
859 01:28:38 --> 01:28:44 higher. Even still, if it goes down to the big gap, then comes all the way back
860 01:28:44 --> 01:28:49 up here, that is not some kind of a run for turtle soup scenario to go lower.
861 01:28:49 --> 01:28:53 That would be indicative of this is if things gonna go higher, a lot higher.
862 01:28:57 --> 01:29:01 This box is not an inefficiency. Remember, I was showing you the the
863 01:29:01 --> 01:29:05 liquidity being taken on that minor buy side. So we take that off, it's going to
864 01:29:05 --> 01:29:08 confuse your otherwise, I was looking at thinking of myself. What the hell did I
865 01:29:08 --> 01:29:12 draw that for? Now, you know why I don't like to draw things on my chart. I trade
866 01:29:12 --> 01:29:17 naked and I look at all the levels here numerically in a notepad form. So I'm
867 01:29:17 --> 01:29:21 constantly getting a different perspective, not just getting lost in
868 01:29:21 --> 01:29:26 the candlesticks, as some people might say, I'm looking at the data based on PD
869 01:29:26 --> 01:29:32 arrays on a notepad, and I'm thinking about what I expect to see in price. I'm
870 01:29:32 --> 01:29:35 not putting lipstick on a chart, and if I'm throwing things on my chart like
871 01:29:35 --> 01:29:40 this while I'm teaching, it's very distracting to me, because it's
872 01:29:40 --> 01:29:45 something I have to whether I want to do it or not. Subconsciously, I'm always
873 01:29:45 --> 01:29:48 trying to think, did I What did I put that in? Like, the other day, I had
874 01:29:48 --> 01:29:52 something on there, and it was just saying, just the rectangle that I had
875 01:29:52 --> 01:29:58 started, and because I lost where I let go of it on here, it appeared on the
876 01:29:58 --> 01:30:02 lower time frame chart. But. It wasn't something that was really annotating or
877 01:30:03 --> 01:30:06 drawing any special attention to anything. That's what I want to see.
878 01:30:07 --> 01:30:14 That type of thing drop down and say, Nope, let's rip it higher. So I want to
879 01:30:14 --> 01:30:19 see some kind of a fair value gap form as it runs back up into the high of that
880 01:30:19 --> 01:30:22 Sibi, which is this red shaded area. Remember that inefficiency we were
881 01:30:22 --> 01:30:26 talking about all morning, of how this is repricing back over top of it. We've
882 01:30:26 --> 01:30:32 already had multiple candles laid on top of it. This move here could be maybe an
883 01:30:32 --> 01:30:38 initial Judah swing. Short sellers are trying to trade the gap closure. Even my
884 01:30:38 --> 01:30:41 studies with the half gap, they might be trying to do that too. I don't want to
885 01:30:41 --> 01:30:46 see that right now. I want to see it rally and make an attempt to unseat
886 01:30:46 --> 01:30:49 these individuals, because that that stays true to the form of what Non Farm
887 01:30:49 --> 01:30:54 Payroll really is. That's the That's the nature of Non Farm Payroll. It's to
888 01:30:54 --> 01:31:00 disrupt those who are right now profitable. And that's the shorts from
889 01:31:00 --> 01:31:08 Tuesday, if you had a stop loss up here and you're holding your short you've
890 01:31:08 --> 01:31:12 seen a lot of ground lost when you're on your position, would you feel confident
891 01:31:12 --> 01:31:14 that the market is going to reach all the up here to get
892 01:31:22 --> 01:31:33 you? I Non Farm Payroll is boogeyman trading basically. Who can they get and
893 01:31:33 --> 01:31:34 are you going to get? Got
894 01:31:40 --> 01:31:50 one of the best observations, I've noticed is that many of you, some of you
895 01:31:50 --> 01:31:54 actually were very critical a lot in the comments, but you were doing it in a
896 01:31:54 --> 01:31:58 respectful manner, so that I didn't, I didn't hide you from the channel, which
897 01:31:58 --> 01:32:03 means that I will never see your comment. But you think, I can, you'll be
898 01:32:03 --> 01:32:08 able to see your comment on the YouTube channel. Your post was the only one you
899 01:32:08 --> 01:32:11 see, but I won't ever, I won't be able to see it if you're rude, if you say
900 01:32:11 --> 01:32:14 something stupid, you only get one chance to do that, and then I, I
901 01:32:14 --> 01:32:25 basically it's a little option for a channel holder or owner. If someone
902 01:32:25 --> 01:32:30 needs a comment, I could delete the comment, and you'll see it deleted. If I
903 01:32:30 --> 01:32:34 did that, I don't delete comments. I look at removing you from the channel,
904 01:32:34 --> 01:32:37 meaning you'll be able to leave your comments. You'll be able to talk to
905 01:32:37 --> 01:32:40 yourself. I won't ever see your comment. No one else sees your comment either,
906 01:32:41 --> 01:32:47 but some of them in the past have been critical but still respectful, saying,
907 01:32:47 --> 01:32:54 Listen, you know, I don't see any merit in in these things. I can see that
908 01:32:54 --> 01:32:58 you're trading and doing executions with them. I'm watching this gap right here,
909 01:32:58 --> 01:33:05 by the way, the they make the observation saying, Wow, I see your
910 01:33:05 --> 01:33:12 while I see your executions. I don't see any merit in the the concepts
911 01:33:12 --> 01:33:18 themselves. So which leads me to believe that these are cherry picked scenarios.
912 01:33:19 --> 01:33:23 So I can appreciate a comment like that, but then when we come in here and you're
913 01:33:23 --> 01:33:26 live streaming, and I'm explaining what I think is going to happen in price, and
914 01:33:26 --> 01:33:31 you've seen some executions now and the logic behind them, using all the logic
915 01:33:31 --> 01:33:36 that I've taught, and then using that logic against itself and seeing how it
916 01:33:36 --> 01:33:43 fails. So one of the wonderful things I've had in the last few months, more
917 01:33:43 --> 01:33:47 specifically, last two weeks, these these live streams and the lectures I've
918 01:33:48 --> 01:33:53 given have brought a lot of clarity to a lot of you, and the the points that are
919 01:33:53 --> 01:33:58 repeating are, I'm a whole lot more calmer watching price now, whereas I was
920 01:33:58 --> 01:34:02 not interested in just looking at price, I wanted to be demoing at least or
921 01:34:02 --> 01:34:07 trying to pass a funded account challenge, and now the idea of watching
922 01:34:07 --> 01:34:15 price with the intent to understand it more, somehow, I bridge the gap with a
923 01:34:15 --> 01:34:19 lot of you, and I'm very thankful for that. As being as a teacher, as a
924 01:34:19 --> 01:34:26 mentor, that's a very hard barrier to breach with teachers doing some kind of
925 01:34:27 --> 01:34:31 breakthrough for students to say, Okay, I trust this person teaching me now. I
926 01:34:31 --> 01:34:34 trust this person, so I'm going to submit to the things they asked me to
927 01:34:34 --> 01:34:39 do. And I'm seeing a lot of feedback like that now, and it's this really
928 01:34:39 --> 01:34:44 encouraging as a teacher to see that, because I wear my heart on my sleeve as
929 01:34:44 --> 01:34:48 a teacher, like whether you paid me in the past, or whether you're watching for
930 01:34:48 --> 01:34:50 free, and you really don't really appreciate much of what you're getting.
931 01:34:50 --> 01:34:54 You just want to come here and just sample whatever you think is an
932 01:34:54 --> 01:34:57 entertainment, or maybe you're running a mentorship, and you're sampling things,
933 01:34:57 --> 01:35:00 taking things, and saying, Well, I'll add this to my next. Teaching, and I'll
934 01:35:00 --> 01:35:04 do this, and I'll do that, that to me is not, you're not a student of mine,
935 01:35:04 --> 01:35:10 You're a parasite. But the students that are here because they're trying to learn
936 01:35:10 --> 01:35:14 how to do this and be independent from me, that's who I'm teaching. That's
937 01:35:14 --> 01:35:21 that's target audience. If it's not my son's it's the the alternative is, is
938 01:35:21 --> 01:35:24 that these individuals that are generally trying to make an effort to
939 01:35:24 --> 01:35:29 learn how to do it, and they're being serious about it, they're taking it
940 01:35:29 --> 01:35:33 serious, and that means they're doing these lab experiments of going in and
941 01:35:34 --> 01:35:38 engaging price on every fair value gap that forms, and looking for a run into
942 01:35:38 --> 01:35:41 the nearby liquidity. And the feedback I'm getting from that, because now
943 01:35:41 --> 01:35:45 they're doing that. They're using their demo account properly now, they're not
944 01:35:45 --> 01:35:48 in here trying to over leverage to show somebody on social media. Look what I
945 01:35:48 --> 01:35:53 made when you don't have any idea why that, why that panned out, and why is it
946 01:35:53 --> 01:35:59 going to fail the next time you try it, the the descriptions that everyone's
947 01:35:59 --> 01:36:03 leaving about, the aha moments, the epiphanies, these these leaps and
948 01:36:03 --> 01:36:09 understanding and excitement about what they're learning. That's the part that I
949 01:36:09 --> 01:36:14 love. That's the energy I feed off of, if I can be called a vampire, I'm living
950 01:36:14 --> 01:36:19 off the energy vicariously by all of you sharing those moments, because that
951 01:36:19 --> 01:36:23 supercharges me, because I know it was like for me. I know exactly what that
952 01:36:23 --> 01:36:28 feels like, and I've lost that, because nothing's new to me anymore, and when I
953 01:36:28 --> 01:36:34 see my students share that, and you can, I can, I can feel the vibrations of
954 01:36:34 --> 01:36:40 their excitement and their their their passion being stirred up about what
955 01:36:40 --> 01:36:43 they're learning, and I can tell they're spending time in the charts because
956 01:36:44 --> 01:36:51 their their remarks are wordy. They're very descriptive. They're they're trying
957 01:36:51 --> 01:36:56 to do the best to find words to describe how they feel. And I already know what
958 01:36:56 --> 01:36:59 you feel. I already know. Trust me, I know what that feels like, and it's very
959 01:36:59 --> 01:37:04 hard to describe it, even though you know that you try very hard to describe
960 01:37:04 --> 01:37:07 how exciting it is for you right now, because you're seeing things happen in
961 01:37:07 --> 01:37:11 the chart, and you're looking over your shoulder thinking, How is this possible?
962 01:37:11 --> 01:37:16 I can see this and just by watching these videos and this this mentorship.
963 01:37:16 --> 01:37:21 Why is this guy doing this for free? Why? Why am I really allowed to know
964 01:37:21 --> 01:37:26 this? And that's, that's the that's the wonderful feeling of being informed
965 01:37:26 --> 01:37:33 money now you're in a small minority group right now, it's even though Smart
966 01:37:33 --> 01:37:39 Money concepts. SMC, that's my stuff that's in a lot of people's mouths right
967 01:37:39 --> 01:37:45 now. A lot of people using those terms don't know what they're doing, and a lot
968 01:37:45 --> 01:37:49 of them are selling content, selling lectures and whatnot, and they're going
969 01:37:49 --> 01:37:54 around pretending to be informed money when they're not. They're only informed
970 01:37:54 --> 01:37:57 as much as the replay button Show or what the hindsight chart movement has
971 01:37:57 --> 01:38:03 shown, and you're learning how to do it independent from me, and that's power,
972 01:38:03 --> 01:38:12 that's independence, that is maturity. And it's also something that when you
973 01:38:12 --> 01:38:19 see things get expensive, and we're all seeing that you won't you won't fear,
974 01:38:20 --> 01:38:25 okay, you can't control inflation. You can't control the higher price of this
975 01:38:25 --> 01:38:30 stuff, but you do have a skill that you're growing that can outpace
976 01:38:30 --> 01:38:36 inflation, even hyperinflation. Hyperinflation, costly things. It's not
977 01:38:36 --> 01:38:40 like nobody wants to have it. I have lots of money, and I still get pissed
978 01:38:40 --> 01:38:44 off that they're doing what they're doing with the cost of things, because I
979 01:38:44 --> 01:38:47 know what it feels like when I'm spending money for a month's worth of
980 01:38:47 --> 01:38:52 groceries and I'm supporting other family members. That's a lot of money in
981 01:38:53 --> 01:38:56 the hands of someone that works a regular job. That's a lot of money. I
982 01:38:56 --> 01:39:00 don't know how they're doing it. I don't know how anybody else is doing it, but
983 01:39:00 --> 01:39:07 you are learning a skill that you can compound a little bit of money into a
984 01:39:08 --> 01:39:14 secondary income revenue stream that could potentially grow to something that
985 01:39:14 --> 01:39:19 makes you millions of dollars. And when you have millions of dollars at
986 01:39:19 --> 01:39:23 disposal, or you can just use it for whatever you want. And want. You sleep a
987 01:39:23 --> 01:39:26 little bit easier at night. I'm not saying, you know, money should be your
988 01:39:26 --> 01:39:32 God or your safety net, but it's a tool. It's an absolute tool. But if you don't
989 01:39:32 --> 01:39:35 have the ability to make money, and if you don't have the ability and the
990 01:39:35 --> 01:39:40 understanding and the mindset that you can repetitively go out and make more
991 01:39:40 --> 01:39:46 new money, and you're not limited how much you can make. Who says you can't
992 01:39:46 --> 01:39:53 make $100,000 in the month of December? Who says you can't? Who could convince
993 01:39:53 --> 01:39:58 you that you couldn't? You know, no one could convince me. I couldn't. No one
994 01:39:58 --> 01:40:04 convinced my top tier student. They can't. So when you have that, and you
995 01:40:04 --> 01:40:09 try to explain to other people that can't do it, it sounds arrogant. It
996 01:40:09 --> 01:40:14 sounds narcissistic. When it's just that that's them telling you the truth. They
997 01:40:14 --> 01:40:19 have an ability that they trust in, they have a skill set that they know, that
998 01:40:19 --> 01:40:26 they can tap into and it's going to serve them in the future. Hey, Caden
999 01:40:26 --> 01:40:35 blacks. All right. So so far, opening range has been pretty much lackluster.
1000 01:40:35 --> 01:40:35 You?
1001 01:40:46 --> 01:40:51 But the main takeaway is that, as a mentor teaching it, I'm happy to see
1002 01:40:51 --> 01:40:56 people saying I am calm. I'm not in a rush to push the button anymore. I'm
1003 01:40:56 --> 01:41:01 observing what I'm doing. And here's the main thing that is, I've noticed a lot
1004 01:41:01 --> 01:41:06 of individuals are now passing their funded account combines in all of the
1005 01:41:06 --> 01:41:10 other prop firms, like not just one prop firm, like all of them, and they're
1006 01:41:10 --> 01:41:15 saying what I've learned just in the last nine, eight weeks, or whatever, has
1007 01:41:15 --> 01:41:19 allowed me to be calm about my executions. Know what I'm looking for.
1008 01:41:19 --> 01:41:24 And I used to be scared when I put a trade on. I'd be afraid I was going to
1009 01:41:24 --> 01:41:27 blow the Combine or blow the funded account. And I'm getting payouts now.
1010 01:41:27 --> 01:41:32 That's the other thing. Combines being passed and payouts. I've not seen such a
1011 01:41:32 --> 01:41:38 large influx before, larger than I have now in the last two months, because
1012 01:41:38 --> 01:41:42 people are they're buckling down and saying, You know what? I'm treating it
1013 01:41:42 --> 01:41:46 like a business. I'm not treating it like online casino, poker and stuff like
1014 01:41:46 --> 01:41:51 that. You're not gambling. Now, something has happened, some kind of
1015 01:41:51 --> 01:41:55 shift in your paradigm has caused you to look at things differently now, and I
1016 01:41:55 --> 01:41:59 don't know what it is specifically, because I've always been teaching like
1017 01:41:59 --> 01:42:03 this and all of these lessons, really, unless I specifically said this is
1018 01:42:03 --> 01:42:06 something new, even my mentorship students are learning with you right
1019 01:42:06 --> 01:42:11 here. It hasn't been a whole lot of that. But because now, I think, because
1020 01:42:11 --> 01:42:14 things are so expensive, I think people are at their wits end. They're like,
1021 01:42:14 --> 01:42:16 look, I have to make this work, and I'm going to take it serious. The man's
1022 01:42:16 --> 01:42:19 putting his time out here for free. I'm going to take advantage of that, and I'm
1023 01:42:19 --> 01:42:23 going to do what he says, and I'm going to put the work in. That's what I think
1024 01:42:23 --> 01:42:25 is actually happening. Because all the things I'm teaching here, I taught
1025 01:42:25 --> 01:42:30 opening gaps. I taught opening range, gap in mentorship. I have students that
1026 01:42:30 --> 01:42:34 knew about it before. I started talking about, like, that's not new stuff. I've
1027 01:42:34 --> 01:42:42 taught this before. So what's occurring, I think, is the sense of urgency, while
1028 01:42:42 --> 01:42:47 you can't speed up your ability to learn how to do this well, you can shorten the
1029 01:42:47 --> 01:42:51 learning curve by being diligent about how you study and what your expectations
1030 01:42:51 --> 01:43:01 are while you do it. Let's cut through all this chat here and focusing on this
1031 01:43:01 --> 01:43:06 gap. Let's see if they use it, and then if it starts to spool, lower this gap
1032 01:43:06 --> 01:43:11 down here, and then to 70% of the gap closure, I'm sorry, 50% of the gap
1033 01:43:11 --> 01:43:17 closure, which is 70% likelihood of happening in the first 30 minutes. But
1034 01:43:17 --> 01:43:20 I'm not holding it to, it to today, because it's not Farm Payroll, and it
1035 01:43:20 --> 01:43:25 just it's typical to break the rules, which is another reason why I don't like
1036 01:43:25 --> 01:43:32 to trade it. Do you see any prisons? Easy for you to say. ICT. Do you see any
1037 01:43:32 --> 01:43:39 precision elements in price action so far today? Nope. So what did I teach you
1038 01:43:39 --> 01:43:43 this week when you see that lack of precision around my PD arrays. What's
1039 01:43:43 --> 01:43:49 occurring? Who's in the marketplace, pushing and maneuvering price. It's not
1040 01:43:49 --> 01:43:57 the buyers and sellers. It's good old Phil. He's doing his job today, moving
1041 01:43:57 --> 01:44:02 price around, running stops here, pushing it here, pushing it there, and
1042 01:44:02 --> 01:44:06 there's no rhyme or reason why it's doing it. And that's how you lose money
1043 01:44:06 --> 01:44:09 saying, Well, I feel like I've been watching this long enough today, it's
1044 01:44:09 --> 01:44:13 about time I push a button. Let me see what happens when I do this. Well, there
1045 01:44:13 --> 01:44:16 you go. Congratulations. Here's your ass. Hand it right to you on the silver
1046 01:44:18 --> 01:44:24 platter. That's not what I'm teaching. I'm teaching what to look for when it's
1047 01:44:24 --> 01:44:27 high probability. It's obvious, it's one sided. You can't justify going in the
1048 01:44:27 --> 01:44:31 other direction with it. It's so heavy handed, long or short, that's when
1049 01:44:31 --> 01:44:39 you're trading immaturity is waiting for those instances where it's so painfully
1050 01:44:39 --> 01:44:45 obvious, and if you make that your regimen, that is your protocol, that you
1051 01:44:45 --> 01:44:50 look for every single time you trade, you are going to do the most in terms of
1052 01:44:50 --> 01:44:53 reducing the likelihood of you blowing your account, reduce the likelihood of
1053 01:44:53 --> 01:44:57 you going into drawdown, reduce the effects of fear and greed, because you
1054 01:44:57 --> 01:45:03 know what you're looking for. And I think. Right as a teacher, no better
1055 01:45:03 --> 01:45:10 reward for our time invested in other people than seeing a student say, I'm so
1056 01:45:10 --> 01:45:15 proud of myself that I stuck to this because I wanted to quit so many times,
1057 01:45:15 --> 01:45:24 because it's not easy. It is not easy. But for the folks that have grinded
1058 01:45:24 --> 01:45:30 through this for several years, I have 2016 first round mentorship students
1059 01:45:31 --> 01:45:34 that literally has reached out to me in the last two and a half weeks and said,
1060 01:45:34 --> 01:45:40 Michael, like it was, it was impossible for me to see how any of this could help
1061 01:45:40 --> 01:45:45 me in I see your students, I see what you're doing, and it still wasn't able
1062 01:45:45 --> 01:45:49 to bridge the gap for me, this mentorship that what you've shown here,
1063 01:45:49 --> 01:45:54 like it's something brand new, nothing, nothing I taught here, except for the
1064 01:45:54 --> 01:45:58 few things I mentioned, like a new week, opening gap, a new day, opening gap, and
1065 01:45:58 --> 01:46:02 the difference between the two and how to use them. Notice I'm not using them
1066 01:46:02 --> 01:46:06 every day. I'm reminding you that you don't need those either. They're just
1067 01:46:06 --> 01:46:13 helpful, they're helpful and using the right context, they're extremely
1068 01:46:13 --> 01:46:18 precise. But you don't need that. You don't need to bring everything from my
1069 01:46:18 --> 01:46:21 YouTube channel to your charts and say, I need all this or I can't be
1070 01:46:21 --> 01:46:26 profitable. And that's the other thing I find it's very encouraging, because now
1071 01:46:26 --> 01:46:32 you're seeing that my stuff is not complicated. It's very simple. You don't
1072 01:46:32 --> 01:46:36 you don't need everything that I teach. Need one thing that sets the stage for
1073 01:46:36 --> 01:46:40 you to be bullish or bearish. Then you have to look at what time of the day
1074 01:46:40 --> 01:46:47 you're going to trade. Okay, in that time of day, where is the macro? Where's
1075 01:46:47 --> 01:46:51 the liquidity, what's your multiplier, what's the PD array that you're going to
1076 01:46:51 --> 01:46:54 be using to get into the trade? These are all the things that are going to be
1077 01:46:54 --> 01:46:58 hard in the beginning, because you're going to see other students say, I'm
1078 01:46:58 --> 01:47:01 using the optimal trade entry here. I'm using inversion, fair value gap. I'm
1079 01:47:01 --> 01:47:07 using propulsion, block order blocks, institutional order flow, entry drills.
1080 01:47:10 --> 01:47:15 And you you're afraid that you'll spend too much time doing one PD array when
1081 01:47:15 --> 01:47:18 you're really designed and meant to trade something else, and you're gonna
1082 01:47:18 --> 01:47:22 think it's the universe trying to communicate to you that this guy's thing
1083 01:47:22 --> 01:47:25 popped up on my stream. I don't even follow him. He was showing the inversion
1084 01:47:25 --> 01:47:31 fair Vega. That's the one I should be doing, not the quarter block or breaker.
1085 01:47:31 --> 01:47:46 You have to start somewhere and then stick to it. Well, it's certainly making
1086 01:47:46 --> 01:47:54 the case like it wants to get down there. I still wouldn't trade it. See me
1087 01:47:54 --> 01:47:55 here today. I
1088 01:48:08 --> 01:48:12 now in an ideal world, if it's bearish, the upper half of this gap should not be
1089 01:48:12 --> 01:48:13 closed in i
1090 01:48:20 --> 01:48:46 I'll think about what's below the marketplace right now. You have this
1091 01:48:46 --> 01:48:53 discount width, consequent encroachment, you have this fair value gap, and you
1092 01:48:53 --> 01:49:01 have the 70% closure, 70% 50% of the opening range gap that that has 70%
1093 01:49:01 --> 01:49:06 likelihood of closing within the first 30 minutes of trading. So 10 o'clock is
1094 01:49:06 --> 01:49:10 here, so you have a couple minutes.
1095 01:49:15 --> 01:49:24 But I subscribe to the idea that it doesn't have to do that today. I what I
1096 01:49:24 --> 01:49:26 was saying about this gap here,
1097 01:49:40 --> 01:49:47 this gap there, Tony, I was watching that we came back up in the body,
1098 01:49:47 --> 01:49:54 stopped at the upper quadrant of it, and then we broke lower. We created this
1099 01:49:54 --> 01:49:59 fair value gap, if this was going to be bearish after leaving this gap here.
1100 01:50:00 --> 01:50:04 Because it showed a signature at the upper upper quadrant, meaning this, look
1101 01:50:04 --> 01:50:09 at the look at the fifth here. Watch this high up to the high of the volume
1102 01:50:09 --> 01:50:14 of balance, because you have to factor that in. And then the quadrant levels. I
1103 01:50:14 --> 01:50:24 know I'm covering price. I'm sorry. I'm trying to be as quick as I can. I'm the
1104 01:50:25 --> 01:50:32 the bodies are respecting the upper quadrant of that gap. So if the price
1105 01:50:32 --> 01:50:35 leaves lower like this and creates another fair value gap, this is going to
1106 01:50:35 --> 01:50:42 be a breakaway gap. So there's our delivery into our fair value gap here,
1107 01:50:42 --> 01:50:53 and consequent encouragement of this wick would be next, and then half the
1108 01:50:53 --> 01:51:00 gap. So breakaway gaps? I have a lot of people asking about, Can I comment on
1109 01:51:00 --> 01:51:04 that what, what you know, what constitutes a breakaway guy? You have to
1110 01:51:04 --> 01:51:08 be able to identify and admit that you can hear. You know, I'm trying to be
1111 01:51:08 --> 01:51:14 mindful of the risks of today, because I know that many of you that aren't always
1112 01:51:14 --> 01:51:18 honest with me, some of you are overzealous, and you do trade your
1113 01:51:18 --> 01:51:22 account while watching the live stream, and because you made money for the first
1114 01:51:22 --> 01:51:26 time, you're trying to share that with me on Twitter, and you show me, this is
1115 01:51:26 --> 01:51:31 what I've made today. Thank you so much, you know, and I appreciate the Thank
1116 01:51:31 --> 01:51:35 you, but I don't want you thanking me for you doing the things I told you not
1117 01:51:35 --> 01:51:39 to do. Please don't share your trades with me. Okay? You can share them on
1118 01:51:39 --> 01:51:43 your social media. You can credit me, if as an influence, but don't put my sim
1119 01:51:43 --> 01:51:48 like my at don't put my handle in it, because I'll see it and it messes it
1120 01:51:48 --> 01:51:54 messes me up, because I don't want your risk. I don't want it. And you're going
1121 01:51:54 --> 01:51:57 to show me where it worked out great, but eventually you're going to do
1122 01:51:57 --> 01:52:01 something that is ill advised and it's going to hurt you, and you're going to
1123 01:52:01 --> 01:52:06 complain to me and that that that hurts because you don't listen to me. I don't
1124 01:52:06 --> 01:52:09 want to see you lose money. I don't want to see you do something wrong, and then
1125 01:52:09 --> 01:52:16 you get scar tissue from it. But in the comments around all that stuff, a lot of
1126 01:52:16 --> 01:52:22 folks, there's the consequent correction, the wick, the here comes the
1127 01:52:22 --> 01:52:28 gap closure to 50% boom. And it happened three, 410, o'clock again. So there's
1128 01:52:28 --> 01:52:33 your stats still killing ICT style, Mister, I don't think it happens seven
1129 01:52:33 --> 01:52:40 or seven time. Here's the other gap. I told you I'd like to see. So anyway, let
1130 01:52:40 --> 01:52:46 me finish this thought here. Because we had this initial gap there, I wanted to
1131 01:52:46 --> 01:52:50 see how price traded away from it. It did. And then I was watching when price
1132 01:52:50 --> 01:52:54 was digging up into it. I was waiting to see how the candlesticks are dropped.
1133 01:52:55 --> 01:52:59 Where are they burying the bodies? Okay, so if they're burying the bodies inside
1134 01:52:59 --> 01:53:04 that gap, and it's respecting the upper quadrant. That's the same thing, even
1135 01:53:04 --> 01:53:08 though it wicks outside of that gap. This is normal. We allow for that. What
1136 01:53:08 --> 01:53:12 is that called a mohawk? It's just coloring outside the lines. It doesn't
1137 01:53:12 --> 01:53:16 mean something's inherently broken or wrong. Just means it just explored
1138 01:53:16 --> 01:53:21 outside of that. But the bodies are telling you what. It's respecting the
1139 01:53:21 --> 01:53:25 upper quadrant of that gap. And that means, if we trade away from it, go
1140 01:53:25 --> 01:53:31 lower, then it creates that gap with this candlesticks high, as I was telling
1141 01:53:31 --> 01:53:36 you, this gap. I'm watching it, and if it trades up here, I want to see it
1142 01:53:36 --> 01:53:40 leave the upper half of that gap open. Well, let's put the divider on it. I'm
1143 01:53:47 --> 01:53:53 a red line in here a little bit. Do you see the price stopping at halfway point
1144 01:53:53 --> 01:54:00 and not going in the upper half of that? Pretty, pretty precise, isn't it? So
1145 01:54:03 --> 01:54:07 because we left this gap in a manner showing these signatures like this, and
1146 01:54:07 --> 01:54:12 while I'm not willing to take the trade because it's not from payroll, and I
1147 01:54:12 --> 01:54:15 could be wrong today, and I know people are going to copy me, and they're not
1148 01:54:15 --> 01:54:19 going to listen to me, and if I'm wrong on a day where I'm like, not likely to
1149 01:54:19 --> 01:54:26 be perfectly accurate, you could incur a loss. So I'm being very responsible with
1150 01:54:26 --> 01:54:29 the choice of words I'm having today, because I don't want to entice you to do
1151 01:54:29 --> 01:54:34 something that you normally would do in other days. I want you to be respecting
1152 01:54:34 --> 01:54:38 the risk, because this day tends to do things outside of the parameters and
1153 01:54:38 --> 01:54:43 rules that I give you. That's the number one reason why I don't trade it. It's,
1154 01:54:43 --> 01:54:48 it's, it's not something that adheres to the rules. Most times, sometimes it can,
1155 01:54:49 --> 01:54:55 but most times it doesn't. So because I am aware of that, you're unaware of it.
1156 01:54:55 --> 01:54:58 You think that I'm subliminally trying to tap your shoulder and say, take this
1157 01:54:58 --> 01:55:02 as a trade and. That's your conscience speaking to you, saying, let's be
1158 01:55:02 --> 01:55:06 impulsive and look for anything that is a clue to get in here and do something
1159 01:55:06 --> 01:55:10 when that's not what's going on here, and it certainly wouldn't be going on on
1160 01:55:10 --> 01:55:15 a Non Farm Payroll day. So if the price is going to drop down into the gap
1161 01:55:15 --> 01:55:22 closure, half gap, this inefficiency, that first fair value gap that's leading
1162 01:55:22 --> 01:55:28 here, then it should be met with no willingness to get to the upper half of
1163 01:55:28 --> 01:55:32 it, because that would indicate what heaviness and it wants to go lower and
1164 01:55:32 --> 01:55:38 it get it to script so it drives aggressively down inside the time window
1165 01:55:39 --> 01:55:47 of 10 o'clock. Gap closure. Half was is right here, and it hit it before 10
1166 01:55:47 --> 01:55:56 o'clock. So you watched me outline scenarios today that were both sides,
1167 01:55:57 --> 01:56:02 because it's a day where I can be wrong, and while I was really interested in
1168 01:56:02 --> 01:56:10 seeing it go higher to upset those those short positions on Tuesday, it worked
1169 01:56:10 --> 01:56:13 this area here, and it finally broke down. And I took your attention to the
1170 01:56:13 --> 01:56:17 fair value gap that started this run and outlined it. I don't want to make more
1171 01:56:17 --> 01:56:24 of it than than what it was, but I want you to see that even in this I can be
1172 01:56:24 --> 01:56:28 wrong about my analysis. Initially I wanted to see it go higher, but I can
1173 01:56:28 --> 01:56:34 also recognize where it's likely to change its gears. There was nothing that
1174 01:56:34 --> 01:56:37 put me in a long position this morning, nothing that would have put me in
1175 01:56:37 --> 01:56:44 anything long but real time. I explained how this was turning and then using this
1176 01:56:44 --> 01:56:48 as a breakaway gap. What makes it a breakaway gap is that we've already have
1177 01:56:48 --> 01:56:53 enough to set the stage. And this is the inception of the price run this fair
1178 01:56:53 --> 01:57:01 value gap. The signature was inside of that gap. Look real close, okay, as
1179 01:57:01 --> 01:57:03 price was meandering around in here, remember I was telling you, I want to
1180 01:57:03 --> 01:57:07 get an x ray. I want to cut through all this chaff and get to the heart of
1181 01:57:07 --> 01:57:12 what's really going on, this inefficiency. So the market drops down,
1182 01:57:13 --> 01:57:17 comes right back up in the body, stops short of the upper quadrant. I'm seeing
1183 01:57:17 --> 01:57:21 all this stuff with just rough eyeballing and the high and the low,
1184 01:57:21 --> 01:57:25 that that weight gap. In other words, I'm looking at this candle sticks high.
1185 01:57:25 --> 01:57:32 This candle sticks open because that volume imbalance is there. This is not
1186 01:57:32 --> 01:57:38 the proper fair value gap. That's not it. That's why you would get this type
1187 01:57:38 --> 01:57:44 of distortion. You gotta factor in that volume imbalance. If there's ever a
1188 01:57:44 --> 01:57:49 volume imbalance inside of what would be viewed as a potential fair value gap,
1189 01:57:50 --> 01:57:54 there is no there's no separation between the bodies with the first candle
1190 01:57:54 --> 01:57:58 and the second candle, there is a separation between the bodies on candle
1191 01:57:58 --> 01:58:03 number three and candle number two can number two's close is lower than the
1192 01:58:03 --> 01:58:06 open of the next candle here. See that that small separation between these two
1193 01:58:06 --> 01:58:14 price points here and there. So you have to draw your rectangle up there, which
1194 01:58:14 --> 01:58:18 is another reason why I'm not supplying demand. Okay, I have very specific price
1195 01:58:18 --> 01:58:23 levels. You're not going to see that idea disguised as supply and demand
1196 01:58:25 --> 01:58:31 science. It's it's not in there. It's another repertoire. So the benefit of
1197 01:58:31 --> 01:58:35 having a real range like that defined in real inefficiency, is that when you do
1198 01:58:35 --> 01:58:40 quadrants inside of it, you're grading that price range. And if it's bearish.
1199 01:58:41 --> 01:58:45 We want to see signatures that indicate that bearishness. The bodies are going
1200 01:58:45 --> 01:58:49 to tell you the story. Watching price when it went up in here, look where the
1201 01:58:49 --> 01:58:54 close is. It's below the upper quadrant. So is it laying the body down on top of
1202 01:58:54 --> 01:59:00 the high of that shaded white area? No. This candlestick we open, we wick
1203 01:59:00 --> 01:59:08 outside of it, and then what move away from it. So we opened below the upper
1204 01:59:08 --> 01:59:13 quadrant. We allowed and afforded the market to do what create a little Mohawk
1205 01:59:13 --> 01:59:18 color outside the lines. But what does it do after it does that? Smashes down.
1206 01:59:18 --> 01:59:21 Wonderful. When this candlestick closed, I said, Okay, I'm now watching this
1207 01:59:21 --> 01:59:26 video. I got here. Go back and listen to the stream. You'll hear me say, I if
1208 01:59:26 --> 01:59:31 it's bearish, you want to see it stay outside of the upper half, and then
1209 01:59:31 --> 01:59:35 boom, it delivers right to the half of it, not a tick more, not one tick more.
1210 01:59:36 --> 01:59:42 And then lower. And then aggressively moves down to mid gap, which is a strike
1211 01:59:42 --> 01:59:47 rate of 7% no matter what anybody else tells you, by 10 o'clock, and it hits it
1212 01:59:47 --> 01:59:51 there, and it trades into the gap I was telling you about earlier that this is,
1213 01:59:51 --> 01:59:56 this is my interest here. If it goes down, I want to see it go down here. If
1214 01:59:56 --> 01:59:59 it goes below, it comes back up. Treat it as inversion, fair value gap. Then.
1215 02:00:00 --> 02:00:01 We look for
1216 02:00:09 --> 02:00:10 minor cell side and ultimately,
1217 02:00:18 --> 02:00:25 primary cell side over here, so I've given you a couple of extra minutes, but
1218 02:00:25 --> 02:00:30 I do very much have to get off of here. I have a personal matter. I take care of
1219 02:00:30 --> 02:00:36 my wife's been sick, so I gotta clean nurse on top of that. So I didn't intend
1220 02:00:36 --> 02:00:40 to take a trade today. It's Non Farm Payroll. I hope that I have taught you
1221 02:00:40 --> 02:00:44 that you can have an analysis, you can have an expectation and still have a
1222 02:00:44 --> 02:00:49 profitable idea being wrong. I did not take the short. I'm not secretly taking
1223 02:00:49 --> 02:00:54 a short. I don't have anything to show you as an execution. What I shared today
1224 02:00:54 --> 02:00:58 was all there is for it. I hopefully have communicated the importance of
1225 02:00:59 --> 02:01:05 abstaining from this day, learning what they do with liquidity, how they run for
1226 02:01:05 --> 02:01:08 the inefficiencies in the lay of the land, the points and references that
1227 02:01:08 --> 02:01:13 I've mentioned, except for all the way up here, that buy side, up here, the
1228 02:01:13 --> 02:01:18 primary buy side, everything else has been pretty, pretty good for a case
1229 02:01:18 --> 02:01:22 study today, I would be pleased if I was Someone sitting in and watching what I
1230 02:01:22 --> 02:01:27 watched today, because it was, it was based on logic, not impulsive, chasing
1231 02:01:27 --> 02:01:32 price and just the sheer precision elements of it. It's just, it's just
1232 02:01:32 --> 02:01:37 wonderful. And even during this messy stuff that you would think the job is
1233 02:01:37 --> 02:01:45 real, the job is real. It's it's not, it's the precision is real. Okay,
1234 02:01:45 --> 02:01:50 that's, that's the reality of price. It's, it's that, and when price is not
1235 02:01:50 --> 02:01:52 illustrating that, when we were doing all this back and forth stuff I
1236 02:01:52 --> 02:01:57 mentioned, okay, are you seeing anything that showing elements of precision? Not
1237 02:01:57 --> 02:02:02 yet, until we had that. What I just described with the bodies, and then the
1238 02:02:02 --> 02:02:06 displacement lower, then that fair value got present itself. Boom, everything
1239 02:02:06 --> 02:02:11 dialed in like an eagle's eye. I trained in on that. I put your attention right
1240 02:02:11 --> 02:02:16 there, and the market delivered that. Now the trolls won't see that as
1241 02:02:16 --> 02:02:20 something useful. My question is, do you see that as useful? Do you see that as
1242 02:02:20 --> 02:02:25 something that is a signature in price action that tends to repeat. You're
1243 02:02:25 --> 02:02:30 seeing me actually identify it real time, and it frames the price run that
1244 02:02:30 --> 02:02:34 you see many times after the fact. And you're like, what causes that? How is he
1245 02:02:34 --> 02:02:37 able to do this? How does he keep getting away with this? It's because of
1246 02:02:37 --> 02:02:42 the logic I'm teaching you. It's real. There is an algorithm, whether you like
1247 02:02:42 --> 02:02:46 to believe it or not, and you can take advantage of these things. You can
1248 02:02:46 --> 02:02:51 exploit them, just like Smart Money does. They're doing that every single
1249 02:02:51 --> 02:02:56 day. So that's it for this one. Try to get some rest this weekend. I'm
1250 02:02:56 --> 02:03:01 certainly going to try to do that. I've been up most of tonight, plain nurse. So
1251 02:03:02 --> 02:03:06 I'm going to try to take care of what I gotta take care of, and if I can manage
1252 02:03:06 --> 02:03:09 to get a couple hours of sleep this afternoon, I'm gonna do that. Enjoy your
1253 02:03:09 --> 02:03:15 weekend, and Lord willing, I'll be back at it again next week. Until then, be
1254 02:03:15 --> 02:03:15 safe. You.