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ICT YT - 2024-10-11 - ICT 2024 Mentorship - Lecture 41

Last modified by Drunk Monkey on 2024-10-21 09:32
1 00:01:40 --> 00:02:00 ICT: Good morning, folks, how are you all right? So if you would be so kind is
2 00:02:00 --> 00:02:08 to let me know on Twitter that you guys can hear me. Everything's okay on audio,
3 00:02:08 --> 00:02:09 I'll begin.
4 00:02:19 --> 00:02:23 Thank you. Wayne, just looking for a couple more people to confirm they can
5 00:02:23 --> 00:02:37 hear me. Manuel, thank you. All right, thank you. So obviously, I'm under the
6 00:02:37 --> 00:02:42 weather a little bit. I have a bit of a cold or virus whatnot. So I'm gonna try
7 00:02:42 --> 00:02:48 to go through this, not quickly in rush, but I want to go through it to the point
8 00:02:48 --> 00:02:53 and then break away. My end time in this live stream is going to be by nine
9 00:02:53 --> 00:02:57 o'clock or sooner, depending upon how I go. But I want to cover a little bit
10 00:02:57 --> 00:03:04 about yesterday's trading, and we'll watch at 830 the PPI number release, and
11 00:03:04 --> 00:03:07 then watch it for a few minutes, and then I'll close the session out.
12 00:03:08 --> 00:03:15 Alright, so let's get on with it. Here. We have a daily chart here on NASDAQ. I
13 00:03:15 --> 00:03:25 want to take your attention to this area right in here. I on July 17, 2024 that's
14 00:03:25 --> 00:03:30 a Sibi sell sign imbalance by signing efficiency. Now you want to grade that.
15 00:03:30 --> 00:03:35 So what you would do is take your fib, put it on this candle is low to this
16 00:03:35 --> 00:03:42 candle is high, and this is your midpoint, consequent encroachment. This
17 00:03:42 --> 00:03:51 is the high, this is the low. And you want to add the quadrants here, so this
18 00:03:51 --> 00:03:56 will give you the upper and lower quadrant inside of a range that you're
19 00:03:56 --> 00:04:02 grading or price link. So you can do a implied dealing range, where you're
20 00:04:02 --> 00:04:06 anticipating the market to deliver in the direction of your target, and you
21 00:04:06 --> 00:04:14 can run a grading using the FIB and predict where the algorithm will start
22 00:04:14 --> 00:04:20 to accumulate or distribute new position entries on a longer term price run, or
23 00:04:20 --> 00:04:26 unrealized price target being met while uh, prices going higher or going lower
24 00:04:26 --> 00:04:30 when you're bearish or bullish. I have lessons for that, by the way, it's in
25 00:04:30 --> 00:04:35 the core content, lessons on the YouTube channel for free, but the upper quadrant
26 00:04:35 --> 00:04:40 level consequent encroachment and lower quadrant level. So you can see, we
27 00:04:40 --> 00:04:46 failed on this run here on September 26 it failed to even get to consequent
28 00:04:46 --> 00:04:51 encroachment there and then yesterday, we were working the lower quadrant. So
29 00:04:51 --> 00:04:58 just be mindful that that 20,004 89 level, that level was more or less the
30 00:04:58 --> 00:05:04 level I had in my. Um, because I saw that it failed on this one here. I'm not
31 00:05:04 --> 00:05:07 abandoning the long term bullishness on this market because it's an election
32 00:05:07 --> 00:05:10 year, because you're really trying to fluff it up, put lipstick on this pig,
33 00:05:10 --> 00:05:14 to make it look like the economy strong when the when the stock market has no
34 00:05:14 --> 00:05:20 direct correlation to the economy, it's it's a casino. So with that in mind,
35 00:05:21 --> 00:05:28 while I did tell my students that this 538 is the the intermediate term draw,
36 00:05:28 --> 00:05:32 that means what's based on a daily chart, that's where the market's likely
37 00:05:32 --> 00:05:36 to pull to next. But I don't need it to go there, which is what I showed
38 00:05:36 --> 00:05:39 yesterday in the executions. So I want to give you a little bit more detail,
39 00:05:39 --> 00:05:45 but just know that we're working the lower half of this shaded area here, and
40 00:05:45 --> 00:05:50 because of that, I'm sticking to the likelihood of it wanting to reach
41 00:05:50 --> 00:05:56 further. So being long or going long has been predominantly the larger size of my
42 00:05:57 --> 00:06:04 leverage. So if I'm going to go short, I wasn't all that interested in being
43 00:06:04 --> 00:06:09 short anytime this this week. But the the the fact that that we have
44 00:06:09 --> 00:06:17 unrealized portions of this inefficiency treated to so all of this halfway point,
45 00:06:17 --> 00:06:21 or just below halfway, because it only went to that candles high there at 538
46 00:06:22 --> 00:06:27 and you still have 568 which is half of the range between this candle is high
47 00:06:27 --> 00:06:36 and that candles low. So knowing those things and trying to avoid being quote,
48 00:06:36 --> 00:06:39 unquote, right, because I'm not teaching you to be right. I'm teaching you to
49 00:06:39 --> 00:06:43 focus on low hanging fruit objectives, sticking with the bias, sticking with
50 00:06:43 --> 00:06:46 the directional draw and liquidity that's based on a higher Time Frame
51 00:06:46 --> 00:06:52 chart, ie the weekly or daily, and then sticking to that and waiting for time
52 00:06:52 --> 00:07:00 and price to agree. So just know that this level here, 538 is, in my mind the
53 00:07:00 --> 00:07:05 draw, but I have to have something that's less than that for a low hanging
54 00:07:05 --> 00:07:10 fruit objective to reach for and be content with it, meaning that my trade
55 00:07:10 --> 00:07:16 idea would be satisfied taking something close to this level, but not requiring
56 00:07:16 --> 00:07:23 it to be at that level, but still have sound principles around it to justify
57 00:07:23 --> 00:07:28 why taking that exit is warranted and not just holding on for this objective
58 00:07:28 --> 00:07:34 here. Okay, so with that context, I'm going to drop down into this little area
59 00:07:34 --> 00:07:37 here. I'm going to remove these lines just because I don't want it to be
60 00:07:37 --> 00:07:37 confusing. I'm
61 00:07:44 --> 00:07:55 now, if you look at what we have on the highest candle here on September 26 the
62 00:07:55 --> 00:08:00 high comes in at 20,005 38 full disclosure, I've told my students in
63 00:08:00 --> 00:08:04 private mentorship. This is where my draw is for the week. I want to see it
64 00:08:04 --> 00:08:09 trade there. Does it need to trade there? No. What would I take as a
65 00:08:09 --> 00:08:12 consolation, like what would be a low hanging fruit objective? That's what I'm
66 00:08:12 --> 00:08:17 about to flush out now for you. So half of this range between this candle is
67 00:08:17 --> 00:08:25 closed, that candles high is this level here. So this premium wick is a array
68 00:08:25 --> 00:08:30 where we split it in half, because a wick is a gap. So half of that gap is
69 00:08:30 --> 00:08:36 20,004 42 and a half. So Thursday, this is the candlestick for Thursday's
70 00:08:36 --> 00:08:40 trading. Now, inside of this what would look like on a daily chart, by all
71 00:08:40 --> 00:08:43 intents purposes. You can see that there's nothing really inherently
72 00:08:44 --> 00:08:48 exciting about that candlestick. But you also watch me buy near the low and sell
73 00:08:48 --> 00:08:54 near the high, based on the things I'm going to show you here. So we also have
74 00:08:54 --> 00:08:59 this level right there, which is the upper quadrant of this premium wick. And
75 00:09:00 --> 00:09:08 I'll show you what I mean by that. I'm going to add all the levels again so you
76 00:09:08 --> 00:09:12 can see the halfway point. In this case, it's consequence encroachment, point
77 00:09:12 --> 00:09:19 seven, 5.25 and the high and low base figures for anchoring your fifth. So
78 00:09:19 --> 00:09:25 that's the closing price on the 26th of September to the high of that candle.
79 00:09:26 --> 00:09:32 The upper quadrant is 20,004 90. Even consequent encroachment is 442, even
80 00:09:32 --> 00:09:40 lower quadrants 20,003 93.75, and then you have the low of this wick, which is
81 00:09:40 --> 00:09:48 this? Candlesticks closed. Okay. So the upper quadrant level right there, when I
82 00:09:48 --> 00:09:53 take the FIB away, or not the FIB, but I take the quadrants away, you'll see that
83 00:09:53 --> 00:09:59 that's the reason why that's anchored as it is, see. So this blue line here,
84 00:09:59 --> 00:10:05 that's. Dashed. That's what I'm aiming for, and I don't require it to trade up
85 00:10:05 --> 00:10:09 to the high of that wick. You see what I've just done, I've traded with the
86 00:10:09 --> 00:10:14 idea that it could trade to the 538 level. I could be right technically, and
87 00:10:14 --> 00:10:18 I could have a higher target objective being met, and my exit would be even
88 00:10:18 --> 00:10:24 more profitable. But I don't need to do that. I don't teaching you how to take
89 00:10:25 --> 00:10:31 the probabilities and then reduce them down to a larger degree of accuracy and
90 00:10:31 --> 00:10:36 remove the tendency to feel like you have to be right. Being right is not
91 00:10:36 --> 00:10:41 doesn't equate to being profitable. You can be wrong and be profitable. You can
92 00:10:41 --> 00:10:47 be wrong and still grow your account in every trade that you actually, actually
93 00:10:47 --> 00:10:51 try to trade to a specific target and price. It may never touch those
94 00:10:51 --> 00:10:56 objectives, and you can still be adding new equity to your your bottom line. So
95 00:10:56 --> 00:11:01 focusing on being right or focusing on trying to avoid losing trades, that's a
96 00:11:01 --> 00:11:04 thing that is going to cycle through constantly, if you have a loser's
97 00:11:04 --> 00:11:08 mentality, or you don't have a model, or if you haven't done back testing enough
98 00:11:08 --> 00:11:14 to solidify the things I'm teaching you. So just know that this is the range I
99 00:11:14 --> 00:11:19 was dealing in. It's this candlesticks wick that I'm aiming for the targets on.
100 00:11:20 --> 00:11:24 So what am I going to use as a discount to enter on? Well now we take our
101 00:11:24 --> 00:11:29 attention over to October 8. Now notice that we're doing all this work on the
102 00:11:29 --> 00:11:33 daily chart. We're not inside one second charts, five second charts, five minute
103 00:11:33 --> 00:11:37 charts, 60 minute charts. We haven't even left the daily chart yet, so I'm
104 00:11:37 --> 00:11:41 framing the context, how the algorithm is going to refer back to these price
105 00:11:41 --> 00:11:45 points from the daily perspective. Okay, so sticking with a higher Time Frame,
106 00:11:45 --> 00:11:50 order flow, being bullish still. It's an election year. I want to still focus on
107 00:11:50 --> 00:11:57 heavy leverage on loans, and I don't need to be right. So we're framing high
108 00:11:57 --> 00:12:04 probability with low risk entries. This candlestick has a wick as well. See
109 00:12:04 --> 00:12:12 that? Now I'm going to add again, two boundaries. And since it's a short and
110 00:12:12 --> 00:12:18 stubby type of wick compared to and by contrast this one, it's only important
111 00:12:18 --> 00:12:21 to know what the midpoint is, okay, or consequent encroachment. So this wick,
112 00:12:23 --> 00:12:27 this wick right here, from high to the close of that candlestick, I want to
113 00:12:27 --> 00:12:31 know what the halfway point is. So that's consequence encroachment. So
114 00:12:31 --> 00:12:38 because price opened up here on Thursday and traded down, okay, well, as soon as
115 00:12:38 --> 00:12:43 it opened up here, this makes this a discount array. That means it's it can
116 00:12:43 --> 00:12:47 it's going to reprice down to it, but not only is it just going to trade to
117 00:12:47 --> 00:12:52 it, but my expectation is the algorithm will use this to facilitate some measure
118 00:12:52 --> 00:12:59 of support accumulation, and then start to rally from there. So you can see,
119 00:12:59 --> 00:13:06 without any you know more talking about you can see how it used this wick, right
120 00:13:06 --> 00:13:10 there, overshoots it by a little bit. That's normal. Remember, the wicks are
121 00:13:10 --> 00:13:17 allowed to do the damage. So we want to see something accumulate in this area
122 00:13:17 --> 00:13:25 here with a secondary or third reason to be long. Now let's drop down to a lower
123 00:13:25 --> 00:13:29 time frame charts. You just know that this wick right here, in this blue
124 00:13:29 --> 00:13:35 shaded dotted line here, which I'll go back to, just taking these off, you'll
125 00:13:35 --> 00:13:41 see that that is the Tuesday daily premium wick. Now when I say premium,
126 00:13:41 --> 00:13:45 this is going to be a cause for confusion, because you heard me talk
127 00:13:45 --> 00:13:51 about this as a discount array. If I ever talk about a candlestick and I say
128 00:13:51 --> 00:13:55 it's a premium wick, premium wick is going to be the wick on the high end of
129 00:13:55 --> 00:14:01 the candle, a discount wick would be a wick on the low of the candle. Okay, so
130 00:14:01 --> 00:14:09 when prices up here, this premium array is a discount relative to where market
131 00:14:09 --> 00:14:13 price is, so it's down there. So just think of it as this premium WIC
132 00:14:14 --> 00:14:19 inversion. So it's it's treating it as a method of going down to go up. That's
133 00:14:19 --> 00:14:25 all it is. Okay, alright. So because we have this levels annotated and we have
134 00:14:25 --> 00:14:30 Wednesday's daily high annotated here as well, we're going to drop down into the
135 00:14:30 --> 00:14:37 next chart, right? So this is a 15 minute time frame, so right away, you
136 00:14:37 --> 00:14:41 can see the Tuesday daily premium WIC consequent encroachment level. To know
137 00:14:41 --> 00:14:45 it's a mouthful, you can see it trading down into that and what else is in close
138 00:14:45 --> 00:14:52 proximity to that, that level at the time that price trades down to it. What
139 00:14:52 --> 00:15:01 do you see? You see that gap right here. So. We can look at like this,
140 00:15:09 --> 00:15:10 I'm already losing my voice.
141 00:15:18 --> 00:15:23 Okay, so you have a gap here, and you have Tuesday's daily premium with
142 00:15:23 --> 00:15:29 constant encouragement there. And it happens after we get a low form. Notice
143 00:15:29 --> 00:15:37 that. So right away, this is the level I was pointing to. One Actually, no, it's
144 00:15:37 --> 00:15:41 not true in Twitter, I was looking at these relative equal highs here I
145 00:15:41 --> 00:15:46 noticed on the one minute chart. And if you go back and look at Twitter, you'll
146 00:15:46 --> 00:15:50 see that I had noted this before the P I'm sorry, the CPI number was released
147 00:15:50 --> 00:15:54 at 830 yesterday, on Thursday, I took everybody's attention. Said, I like
148 00:15:54 --> 00:16:03 20,004 74 it's smooth. It opens at the CPI number goes right above that does
149 00:16:03 --> 00:16:07 not take out the high over here. Trades to that runs the liquidity there, and
150 00:16:07 --> 00:16:13 then drops down, trades into the fair value gap there, comes back up a little
151 00:16:13 --> 00:16:17 bit institutional order for entry drill here, and then dumps down once more,
152 00:16:17 --> 00:16:22 trading into Tuesday's daily premium, with consequent encroachment, which I
153 00:16:22 --> 00:16:25 showed on the daily chart, and then they're at the low, and then it's
154 00:16:25 --> 00:16:31 allowed to do what color outside the lines. This is a mohawk. Okay, so inside
155 00:16:31 --> 00:16:38 this Mohawk, I'm going long because I'm fulfilling several things here. The
156 00:16:38 --> 00:16:46 market cleared. Stops there, dropped, showed a reaction, went to the furthest
157 00:16:46 --> 00:16:52 extreme of that theory. I got right here. This one right here, okay, trades
158 00:16:52 --> 00:16:57 the low of it and then goes outside of it a little bit. That's completely
159 00:16:57 --> 00:17:03 normal. It's absolutely normal. And I want to accumulate a long position based
160 00:17:03 --> 00:17:09 on that and anticipate trading up to in the direction of 20,005 38 on the daily
161 00:17:09 --> 00:17:13 chart. But remember, I don't need that price level. All I need is it to trade
162 00:17:13 --> 00:17:19 it to this right here, this dashed line here, remember what I just said on the
163 00:17:19 --> 00:17:22 daily chart. This is the reason why you're supposed to be writing notes as
164 00:17:22 --> 00:17:26 I'm talking. You're not going to know well, remember what that low is. If you
165 00:17:26 --> 00:17:29 just been watching and just eating potato chips and not paying attention or
166 00:17:29 --> 00:17:33 playing Xbox, you have to pay attention and understand what I'm referring to.
167 00:17:33 --> 00:17:37 And then you have the relative equal highs here. But just above that, how far
168 00:17:37 --> 00:17:41 can it go? Go back to that daily chart, and you'll see that that's that level
169 00:17:41 --> 00:17:48 here I'm annotating. So I want to see this price level traded too. So again,
170 00:17:48 --> 00:17:52 if I think it can trade there, how else can I refine it? So that way I have a
171 00:17:52 --> 00:17:59 high probability exit strategy and not demand the 20,005 38 level, not demand
172 00:17:59 --> 00:18:04 the 20,004 90 level. So I can choose what I can choose something very, very
173 00:18:04 --> 00:18:11 small and short term, and it's this high to this high, and the high here. So
174 00:18:11 --> 00:18:15 that's why I had my limit order. You'll see it was in the post yesterday, and
175 00:18:15 --> 00:18:20 what I'll show here in a moment. So the market then creates all this
176 00:18:20 --> 00:18:27 consolidation accumulation and then runs up and bumps the objectives did not get
177 00:18:27 --> 00:18:34 to 20,005 38 and I don't need it to trade you. Okay, so I do believe that
178 00:18:34 --> 00:18:40 the 20,005 38 still in play and still a factor for me, but it's not necessary
179 00:18:40 --> 00:18:47 for what I was using yesterday. And then we're moving over to a one minute chart,
180 00:18:47 --> 00:18:53 so you can see the levels of this added which is that fair value gap, and then
181 00:18:53 --> 00:19:00 the the initial low, the consolidation, and then drop down at the market
182 00:19:00 --> 00:19:07 opening. Here is the 931 minimum threshold for time. You can't make it
183 00:19:07 --> 00:19:11 earlier than that, so 931 that's your first presented fair value gap. It's
184 00:19:11 --> 00:19:16 small, but it's okay. It's still useful. And the market dives down and trades
185 00:19:16 --> 00:19:22 just below that fair value gap that I showed on the five minute chart. So if
186 00:19:22 --> 00:19:27 you if I scrub over here and show you in the one minute time frame where these
187 00:19:27 --> 00:19:30 two blue lines are annotated, it doesn't look like there's a fair value gap at
188 00:19:30 --> 00:19:35 all. So that's why you have to cycle through your time frames down and you'll
189 00:19:35 --> 00:19:39 be able to refine any inefficiencies. But there's no refinement necessary in
190 00:19:39 --> 00:19:45 here, because it's a lot of back and forth delivery, see. So it's all back
191 00:19:45 --> 00:19:48 and forth between this candle, I'm sorry, between this price range and this
192 00:19:48 --> 00:19:52 price range defined by those blue lines, was anchored on the five minute chart.
193 00:19:52 --> 00:19:59 In a one minute chart, it doesn't look all that inefficient, does it? I'm going
194 00:19:59 --> 00:20:04 over here. Here to the time that the market
195 00:20:09 --> 00:20:17 delivered the CPI number drops down, creates a short term low. Notice it's
196 00:20:17 --> 00:20:21 gravitating towards that here, ready guy, dropping down into there and then
197 00:20:21 --> 00:20:31 consolidating and once more, diving down here. And what time of day is that? 950,
198 00:20:32 --> 00:20:35 so I teach that usually there's something that goes on in the
199 00:20:35 --> 00:20:40 marketplace that all the buying and selling agrees within that 20 minute
200 00:20:40 --> 00:20:46 time window. Somehow some some shape or form, some unknown influence comes over
201 00:20:46 --> 00:20:50 all the retail and commercial and institutional trading they all want to
202 00:20:50 --> 00:20:56 buy and sell in that 20 minute interval. It just seems that all that has to
203 00:20:56 --> 00:20:59 happen right then and there. It's uncanny how it happens. It's probably
204 00:20:59 --> 00:21:05 not an algorithm. It's probably just a pure, unadulterated buying and selling
205 00:21:05 --> 00:21:09 pressure that everybody comes the same conclusion at 10 minutes to 10 to 10
206 00:21:09 --> 00:21:14 minutes after 10. It's just, it's funny how that works. But if we look at how
207 00:21:14 --> 00:21:18 price reacts there and trades up, we have an inversion fair value gap in here
208 00:21:18 --> 00:21:25 between this candles low. This candle is high. You can see it. It trades up,
209 00:21:25 --> 00:21:31 comes back down in and then accumulates trades into a propulsion block, which is
210 00:21:31 --> 00:21:36 this down closed candle. The order blocks here, propulsion blocks here.
211 00:21:36 --> 00:21:41 Look at month four's content on the 2016 mentorship playlist, and you'll you'll
212 00:21:41 --> 00:21:47 know what a propulsion block is, and it rallies and creates a fair value gap.
213 00:21:47 --> 00:21:52 Here comes encroachments. Trade there rallies up trades to the low of that
214 00:21:52 --> 00:21:58 shaded pink area, which is that, what? Remember that daily chart I showed you,
215 00:21:58 --> 00:22:05 that big range in pink. This is the low of that range. So it's drawing back up
216 00:22:05 --> 00:22:10 into that higher Time Frame array. It's going to treat it as what premium,
217 00:22:10 --> 00:22:14 right? They create relative highs, relative equal highs. They bump it,
218 00:22:14 --> 00:22:19 trade it back down into what first presented fair value gap, all of this
219 00:22:19 --> 00:22:24 consolidation, I'm avoiding all that. And then in here I told my private
220 00:22:24 --> 00:22:28 mentorship students, I said, note the low of the imbalance of Sibi on the
221 00:22:28 --> 00:22:33 daily chart, and then note the 538 level. And I'm going to be waiting for a
222 00:22:33 --> 00:22:39 displacement inside that shaded area in the direction of 20,005 38 there's that
223 00:22:39 --> 00:22:44 displacement right here. And then here I'm accumulating long position, and I'm
224 00:22:44 --> 00:22:51 going to be targeting that 480, 2.75 level, put a limit order just around
225 00:22:51 --> 00:22:55 that area, and try to gravitate towards that with price. I don't need it to
226 00:22:55 --> 00:23:01 trade to the 20,004 90, and I don't need to trade 20,005 38 and because I shared
227 00:23:01 --> 00:23:04 my target yesterday, I told everybody on Twitter, the chances of it going to
228 00:23:04 --> 00:23:08 20,005 38 now is unlikely in the morning. So don't, don't look for that
229 00:23:08 --> 00:23:14 target. We met. It wasn't met yesterday. So the target, I'm sorry, not the
230 00:23:14 --> 00:23:20 target, the high of yesterday came in at 5000 I'm sorry, 20,503
231 00:23:26 --> 00:23:31 and meandering around the rest of the day. And now today, this is yesterday's
232 00:23:31 --> 00:23:35 first percent of your value gap. And you can see the reaction off of it here.
233 00:23:36 --> 00:23:41 It's probably random. So notice the high here, in here. That's where buy side,
234 00:23:41 --> 00:23:48 minor buy side running from here to here. So finally, we're going to go down
235 00:23:48 --> 00:23:56 into the the 15 second chart. And you can see, remember, there was a one
236 00:23:56 --> 00:24:01 minute inversion for everybody. Gap on this decline here. But I'm drawing your
237 00:24:01 --> 00:24:05 attention to After trading down into the five minute fair Bay gap, taking the
238 00:24:05 --> 00:24:13 sell side here, and that Tuesday's premium consequent encroachment wick,
239 00:24:13 --> 00:24:16 which is not appearing on here. I apologize, but just go back at the
240 00:24:16 --> 00:24:19 previous video portions, and you'll see it. We're doing your chart, which is
241 00:24:19 --> 00:24:22 really what you're supposed to be doing, because if you do that, you'll you'll
242 00:24:22 --> 00:24:26 have a better a better view. So right in here, you'll see that we have relative
243 00:24:26 --> 00:24:30 equal highs, so we already know what they've engineered there. Then we have
244 00:24:30 --> 00:24:34 the low of that daily city. And then we have the 482
245 00:24:41 --> 00:24:46 75 level, which is my my job. That was from my trade, that was my Terminus. So
246 00:24:47 --> 00:24:56 I want to aim for that price. And in here, if we add the executions, I'm just
247 00:24:56 --> 00:24:59 going to hover over top the arrows, because it'll tell you the price.
248 00:24:59 --> 00:25:04 Because when I put the. The annotations like this, it just gets in the way and
249 00:25:04 --> 00:25:07 makes it hard for me to point to certain things. So I just want you to see it for
250 00:25:07 --> 00:25:12 a second. There they are, but I'm going to take them off and just hover over top
251 00:25:12 --> 00:25:16 of the arrows, because it's going to accomplish the same thing. Okay, so
252 00:25:16 --> 00:25:23 right here in this drop on a 15 second time frame you can see right look right
253 00:25:23 --> 00:25:26 here on that blue line, um, I'm hitting the low of that fair value gap on the
254 00:25:26 --> 00:25:33 financial I see it. That's the price right there, right there. I'm hammering
255 00:25:33 --> 00:25:36 it there, going long, and then this buy side and balance, sell side, and
256 00:25:36 --> 00:25:39 efficiency as it's dropping down, I already know what I'm looking for. We
257 00:25:39 --> 00:25:46 have a breaker. Low, high, low or low. That's your breaker right here. That's
258 00:25:46 --> 00:25:49 why it digs down below half of that fair value gap there, because the breakers
259 00:25:49 --> 00:25:55 candlestick is a little bit let me make it wider so you can see it. Now, I know
260 00:25:55 --> 00:25:58 some of you are saying this is really complicated. Well, I mean, if you want,
261 00:25:58 --> 00:26:02 if you want high degree precision, it's not going to come with an RSI or
262 00:26:02 --> 00:26:07 stochastic or MACD. You're gonna have to put some real study into it. But this
263 00:26:07 --> 00:26:12 range here, watch what happens when I highlight that and carry there, because
264 00:26:12 --> 00:26:13 this is your breaker.
265 00:26:18 --> 00:26:22 Upper half. It's respecting it. Does it go down to consequent encroachment? No.
266 00:26:22 --> 00:26:26 So it's it's okay for it to trade down in the upper half of this. That's
267 00:26:26 --> 00:26:30 reasonable. You want to see it stay away from the lower half. And at the same
268 00:26:30 --> 00:26:33 time it's doing that the buying and selling pressure that I like to tell you
269 00:26:33 --> 00:26:38 is going on. It stops it in consequent encroachment. Here, the bodies never
270 00:26:38 --> 00:26:43 come down and lower top it, or go below it. The wicks are allowed to do the
271 00:26:43 --> 00:26:46 damage. Because you have to look at why the wicks are being permitted to do the
272 00:26:46 --> 00:26:52 damage. It's digging into some other liquidity, or it's digging into another
273 00:26:52 --> 00:26:57 close proximity array, like this breaker here. So you can see my entry there,
274 00:26:57 --> 00:27:04 inside of the breaker in its upper half, and then it rallies. And then I'm adding
275 00:27:04 --> 00:27:13 inside of this gap here. And then I'm like, I'm looking for a partial here,
276 00:27:16 --> 00:27:20 and then straightened out into the first present, the fair value gap there.
277 00:27:25 --> 00:27:30 And there's five sold here. And then I closed the trade out manually, because
278 00:27:31 --> 00:27:35 my life required my attention, and I couldn't manage the trade. The rest of
279 00:27:35 --> 00:27:41 the time I was being distracted with her later on in the day. Here's that first
280 00:27:41 --> 00:27:49 presenter, fair value gap. Again and again in here we have the displacement.
281 00:27:49 --> 00:27:53 I told my private mentorship students, you cannot join that. You cannot join my
282 00:27:53 --> 00:27:57 telegram channels to have my user groups. You cannot do that. Stop asking.
283 00:27:57 --> 00:28:01 There is not going to be a future paid mentorship. I don't do this a lot. I
284 00:28:01 --> 00:28:05 just, we basically just talk and casually talk. We rarely ever do
285 00:28:05 --> 00:28:10 anything that would want to draw more attention to you wanting to join it.
286 00:28:10 --> 00:28:14 Okay? So just, it's just a way for me to have a private community where I can go
287 00:28:14 --> 00:28:18 out and talk to them, and I have to explain everything in detail what I just
288 00:28:18 --> 00:28:23 said. So I'm mentoring here. This is the mentorship right here. I'm talking about
289 00:28:23 --> 00:28:29 it live and teaching it for free. So all right, so in here, I'm using the the
290 00:28:29 --> 00:28:33 inefficiency here, and then the inversion, fairba gap here. So I'm
291 00:28:33 --> 00:28:37 accumulating all these positions in here because I know that it's not coming back
292 00:28:37 --> 00:28:46 down to the low. It's not doing that. So all this is this, and this I'm trading
293 00:28:46 --> 00:28:52 all the trades in there, knowing that I have already seen the accumulation
294 00:28:52 --> 00:28:56 required before getting up into that shaded pink area, which is that daily
295 00:28:56 --> 00:29:03 city. So accumulating it in here, waiting for a nice rally higher once it
296 00:29:03 --> 00:29:06 breaks this high here, it should be no problem for it to trade to my
297 00:29:06 --> 00:29:14 objectives. Above high, it drops down. It sucks people into thinking it's going
298 00:29:14 --> 00:29:20 to go short. They ride one more time higher by side, dropping deep into this
299 00:29:20 --> 00:29:28 inefficiency and order block and rallies again, accumulates around that quadrant
300 00:29:28 --> 00:29:34 in the city on the daily chart, and then trades to my objective, right there,
301 00:29:36 --> 00:29:42 20,040 which is less than What the 20,004 90 level, but greater than the
302 00:29:42 --> 00:29:47 20,042 and three quarters level that I posted, also in top steps live stream.
303 00:29:48 --> 00:29:55 So then the market rallies up a little bit further, fails at 509 doesn't go to
304 00:29:55 --> 00:30:00 the 538 level, and falls out of bed precipitously and smashes every. Value
305 00:30:00 --> 00:30:04 that wants to go along and goes into a messy consolidation. I want to talk a
306 00:30:04 --> 00:30:11 little bit briefly before we have the CPI number or PPI number. I apologize. I
307 00:30:11 --> 00:30:15 watch a lot of live streamers that pretend they know what they're talking
308 00:30:15 --> 00:30:19 about. Some of them sell courses and books and whatever. And one of the
309 00:30:19 --> 00:30:24 observations I have is when they try to look at the market, when the market's
310 00:30:24 --> 00:30:29 not predisposed to do anything. And what I mean by that, you hear the terms Power
311 00:30:29 --> 00:30:34 Hour, the last hour trading, whatnot. If you ever see a market that has big news
312 00:30:35 --> 00:30:39 and drivers like the PPI CPI number like we have here on Thursday, yesterday and
313 00:30:39 --> 00:30:43 Friday today, you don't, you don't, you don't want to be trading the last hour
314 00:30:43 --> 00:30:48 on that okay, and you also don't want to see it happen when you do this, when you
315 00:30:48 --> 00:30:55 have the market trade above a high and fail and create a low in a lower low,
316 00:30:55 --> 00:30:59 come back into the range, then consolidate going into the last hour of
317 00:30:59 --> 00:31:02 the day. When you have that you've already done two things. Number one,
318 00:31:02 --> 00:31:09 you've created the high and the low the day, and you've marked the last portion
319 00:31:09 --> 00:31:13 of the pm sessions range. So it's not going to make a lower low than this, and
320 00:31:13 --> 00:31:15 it's not going to make a higher high than this. It's going to consolidate
321 00:31:15 --> 00:31:18 back and forth, and you're going to waste your time sitting there looking at
322 00:31:18 --> 00:31:21 live streamers, hoping it's going to do something when it's not going to do
323 00:31:21 --> 00:31:24 anything at all, because it's you all, because it's being strangled. It's being
324 00:31:24 --> 00:31:27 held in place. It's in a holding pattern, because it's going to build
325 00:31:27 --> 00:31:34 overnight sentiment. Overnight sentiment is here. You're seven o'clock. That's
326 00:31:34 --> 00:31:38 when the market's allowed to trade. See that. That's exactly what I tell you to
327 00:31:38 --> 00:31:42 look at. Start following it at 656 50 is
328 00:31:44 --> 00:31:46 there? The market
329 00:31:46 --> 00:31:51 creates displacement, running what the buy side, then it consolidates all the
330 00:31:51 --> 00:31:59 way through until 10 minutes after 11. And then we have what after taking
331 00:31:59 --> 00:32:01 liquidity here, then it dumps.
332 00:32:04 --> 00:32:05 And now we're
333 00:32:06 --> 00:32:14 ranging ahead of the PPI number, which is where we're at now. So I'm going to
334 00:32:14 --> 00:32:14 use this.
335 00:32:22 --> 00:32:30 Yeah, we'll just stay with the one mantra. I don't need to do anything
336 00:32:30 --> 00:32:41 else. We have one one minute left, and then the PPI will be in here tearing
337 00:32:41 --> 00:32:43 people's faces off. So you want to look at
338 00:32:48 --> 00:32:54 15 minute time frame to get a lay of the land. Meaning, where are the liquidity
339 00:32:54 --> 00:33:02 points? Stops? Where is it smooth? Where is it jagged? Where has it been made
340 00:33:02 --> 00:33:02 jagged?
341 00:33:08 --> 00:33:13 Sticking to the long term bias, yeah, I'm not rolling out the likelihood of it
342 00:33:13 --> 00:33:16 won't go higher, but it went might want to smash down lower again, like
343 00:33:16 --> 00:33:22 yesterday, before the CPI number came out, it went down to go up. But if we
344 00:33:22 --> 00:33:25 didn't have PPI this morning, this would have kept on going, and would have went
345 00:33:25 --> 00:33:30 to 538 and higher yesterday, and we'd probably be opening up above 600 today.
346 00:33:30 --> 00:33:35 But because we have the PPI number here in 10 seconds, don't trade this, folks,
347 00:33:36 --> 00:33:37 because it's going to hurt you if you try. You
348 00:33:50 --> 00:33:54 so already, do you want to trade that? Try to put a demo trade on right now you
349 00:33:54 --> 00:34:07 can't trading view always locks up, which is funny. It's interesting. So
350 00:34:07 --> 00:34:12 they left smooth lows here. Notice that they went down into yesterday's first
351 00:34:12 --> 00:34:16 presented fair value gap, but they left that really too smooth. I
352 00:34:23 --> 00:34:38 i Remember there's a lot of times that the market's going to look like it's
353 00:34:38 --> 00:34:41 given you an opportunity, but that opportunity is it correctly disguised
354 00:34:41 --> 00:34:47 impossibility, and knowing when those conditions are being laid before you as
355 00:34:47 --> 00:34:52 a snare, as a trap to entice you to do something that you're probably not going
356 00:34:52 --> 00:34:58 to be successful in finding profits or avoiding larger losses, and you're
357 00:34:58 --> 00:35:04 willing to assume you. Knowing that condition ahead of time is paramount to
358 00:35:04 --> 00:35:09 learning how to trade with good entries or tight stop losses, because you can
359 00:35:09 --> 00:35:14 make all the money doing that, but then lose your mind trading in a day like
360 00:35:14 --> 00:35:18 this, when when the report is due out, and if you don't know what the economic
361 00:35:18 --> 00:35:22 calendar is suggesting, it's what I'm suggesting it's what's going to happen
362 00:35:22 --> 00:35:30 at 830 you're you're investing your money without understanding the risks.
363 00:35:30 --> 00:35:38 You have no idea what you're doing. So it's, it's remarkable seeing how many
364 00:35:38 --> 00:35:41 people out here pretending to be teachers and mentors, and they don't
365 00:35:41 --> 00:35:48 even refer or confer with the calendar with their students. It's just a
366 00:35:48 --> 00:35:50 testimony that people out here should not be teaching. I
367 00:36:14 --> 00:36:19 my landscapers are here, so I apologize if you end up here. Now it's nothing I
368 00:36:19 --> 00:36:21 can Do about that. Sorry. Do
369 00:37:15 --> 00:37:19 as a reminder, I'm whenever I'm looking at a PD array, or if I'm looking at a
370 00:37:19 --> 00:37:24 reason to get into a trade. I'm looking at not just one thing. I'm not looking
371 00:37:24 --> 00:37:30 at just one specific PD rate, not one fair value gap. I'm not looking at one
372 00:37:30 --> 00:37:36 order block. I'm looking at three I'm looking at three things, three things
373 00:37:36 --> 00:37:40 have to agree. You know, I'm not even referring to ton price either. I'm
374 00:37:40 --> 00:37:46 talking about three things technically, that's inside a idea behind me taking an
375 00:37:46 --> 00:37:50 entry, if it's just me simply seeing an order block or a fair value cap, and I
376 00:37:50 --> 00:37:55 want to be long and buying a down close candle buying and of itself is not an
377 00:37:55 --> 00:38:00 order block, just as much as you might want to refer to an area where it can
378 00:38:00 --> 00:38:04 say, consolidates and then rallies up. That's not a that's not a demand zone,
379 00:38:04 --> 00:38:08 okay? If you want to look at demand zones and supply zones, I don't do that,
380 00:38:09 --> 00:38:15 but there are things that have to be linked in close proximity to that very
381 00:38:15 --> 00:38:20 PD array. So if I'm trading a fair value gap, it's going to be inside of a larger
382 00:38:20 --> 00:38:25 order block, which is after taking a pool of liquidity. And if I'm bullish,
383 00:38:25 --> 00:38:32 it should be below a previous low. So now I'm absorbing like smart money that
384 00:38:32 --> 00:38:35 sells high liquidity. So I'm accumulating the cell stops for the
385 00:38:36 --> 00:38:41 Express purposes of using it as a mechanism to be net long. So I'm looking
386 00:38:41 --> 00:38:45 for three things to agree, and that's why it's important that you just don't
387 00:38:45 --> 00:38:49 listen to somebody make a video about here's an order block, ICT. Order block.
388 00:38:49 --> 00:38:53 Here, find the right fair value gap. I found the secret to ICT. Fair Value
389 00:38:53 --> 00:38:57 gaps. You don't even know what you're talking about, but if you look at the
390 00:38:58 --> 00:39:05 patterns that I show in my executions, not patterns. If you look at the points
391 00:39:05 --> 00:39:10 of entries, go through your charts and study, you'll see that it's not just
392 00:39:10 --> 00:39:13 that fair value gap I'm entering on. It's not just that order block. It's not
393 00:39:13 --> 00:39:18 that just that breaker that I'm using. There's two other things there at
394 00:39:18 --> 00:39:23 minimum, and if you don't have those three things for your entry. Chances are
395 00:39:23 --> 00:39:28 you have a very low probability entry. And yet it goes along the same lines of
396 00:39:28 --> 00:39:32 these Jack legs that are watch what I'm doing, or to watch a video, or they're
397 00:39:32 --> 00:39:39 watching annotate something, and it goes through it, not realizing that the fact
398 00:39:39 --> 00:39:44 that I'm looking at that is a measure of the real interest for the market to want
399 00:39:44 --> 00:39:49 to reprice higher or lower. I'm not always going in inside of a fair value
400 00:39:49 --> 00:39:53 gap. Just because I'm highlighting that range, I'm anticipating it behaving a
401 00:39:53 --> 00:39:57 specific way, having a characteristic behind it. And there's other things
402 00:39:57 --> 00:40:01 that's along the same premise that. Makes me bullish or bearish, and I'm
403 00:40:01 --> 00:40:04 waiting for those things to come in agreement with at the same time. So your
404 00:40:04 --> 00:40:08 entry mechanism has to have, if it's going to be high probability, it needs,
405 00:40:08 --> 00:40:15 number one, have the the signatures that the market is, in fact, not being
406 00:40:15 --> 00:40:19 intervened. There's there's precision, there's elements that it's booking price
407 00:40:20 --> 00:40:24 with the bodies inside of the PD arrays, the wicks can color outside the lines.
408 00:40:24 --> 00:40:28 That's always a given. But are the bodies still supporting the narrative
409 00:40:28 --> 00:40:32 that the price should be going higher or lower? But then you're also looking for
410 00:40:33 --> 00:40:38 two other contributing factors to why that price entry should be considered at
411 00:40:38 --> 00:40:46 all, a fair value gap, inside of a bullish breaker, after it's taken a
412 00:40:46 --> 00:40:51 smaller short term swing, low out, what's below the swing? Low sell side.
413 00:40:51 --> 00:40:55 You're inside of a bullish breaker and you're inside of a fair value gap. So
414 00:40:55 --> 00:41:00 you have three things there that makes that an enormous probability for price
415 00:41:00 --> 00:41:05 not to go lower, but, in fact, go higher. So there's a lot of blending of
416 00:41:05 --> 00:41:08 things that has to happen. That's why it's important. You have to start with
417 00:41:08 --> 00:41:11 just one. PDA, right? Just start with one of them. And then when you go
418 00:41:11 --> 00:41:16 through your annotations and you back test, you want to be able to see, excuse
419 00:41:16 --> 00:41:21 me, you want to be able to see if there's a confluence or an agreement
420 00:41:21 --> 00:41:27 with other PD arrays that would be similar in the idea that would send
421 00:41:27 --> 00:41:36 price higher or lower anti general area in proximity. So notice that we, we
422 00:41:36 --> 00:41:41 opened traded down into yesterday's first presented fair value gap. Excuse
423 00:41:41 --> 00:41:41 me,
424 00:41:42 --> 00:41:50 I yesterday's
425 00:41:50 --> 00:41:54 first presenter, fair value gap, leaving the relative equal lows here, it rallies
426 00:41:54 --> 00:41:58 up to the low of that daily city. Notice it hit that there? You know, look at the
427 00:41:58 --> 00:42:06 reaction. Why would price want to go from here and go higher without taking
428 00:42:06 --> 00:42:09 out the sell side first, even if it wants to go higher, why would it? Why
429 00:42:09 --> 00:42:13 would it want to do that? I would not use like, for instance, like consequence
430 00:42:13 --> 00:42:17 here. Like, if this would have traded down below and came out and created this
431 00:42:17 --> 00:42:23 scenario, I would be trying to go long inside consequence here, but it has not
432 00:42:23 --> 00:42:28 done that. It's left the sell side. So it's more likely that the market will
433 00:42:28 --> 00:42:31 want to come down here and disturb all this. This is all unfinished business
434 00:42:31 --> 00:42:38 here. This is on a high impact news driver, no less. It drops down and stops
435 00:42:38 --> 00:42:43 in yesterday's perfectly to the low of yesterday's first presented fair value
436 00:42:43 --> 00:42:47 gap. What's the price of the low amount fair value got yesterday? It's 20,003
437 00:42:47 --> 00:42:52 64.75 what's the low of this candle you're looking up here?
438 00:43:01 --> 00:43:09 365, even so it's one tick away from the low. So why wasn't the buying selling
439 00:43:09 --> 00:43:13 pressure sufficient enough in there to, at least to upset these these lows?
440 00:43:13 --> 00:43:20 Because this is all enticing people to do what, chase it which direction, long.
441 00:43:20 --> 00:43:24 So if that's the case, if they want to be going long, where would they put
442 00:43:24 --> 00:43:27 their protective cell stops? Because if you're long, going to use a cell stop to
443 00:43:27 --> 00:43:32 protect that position, where would they dog pile all that sell side liquidity
444 00:43:33 --> 00:43:34 right below here. I'm
445 00:44:04 --> 00:44:05 thanks for playing
446 00:44:10 --> 00:44:17 now in this price run here, if we take that from here, here, my Puppy's snoring
447 00:44:18 --> 00:44:27 scale. So we're going to look at this price range in here, and we're not going
448 00:44:28 --> 00:44:37 to do that all right, and then what we'll do is We'll look at it on a 15
449 00:44:37 --> 00:44:38 second chart. I'm
450 00:44:47 --> 00:44:52 so now watch my 15 second chart. It trades up into the low of the daily city
451 00:44:52 --> 00:44:56 and then creates one more high into it, and then it gives up the ghost and
452 00:44:56 --> 00:45:03 trades down this high. Is met by a higher high. There the low in between.
453 00:45:03 --> 00:45:08 And here is your breaker. This candlestick trades up into it. This
454 00:45:08 --> 00:45:15 candlestick trades up into it. So this breaker is being capitalized. You can
455 00:45:15 --> 00:45:23 short anticipate what the sell side annotated. The market breaks down in
456 00:45:23 --> 00:45:28 every single instance that it creates an up close candle. You want to measure
457 00:45:29 --> 00:45:40 this. Watch this. This is your breaker here. So let's take that first volume
458 00:45:40 --> 00:45:45 imbalance, it redelivers to that and to the breaker low. It's the low candle
459 00:45:45 --> 00:45:49 done down, close candle prior to the run up that takes out the high. That's your
460 00:45:49 --> 00:45:56 breaker. It is not this. It's this. The market trades out to it. Deliveries
461 00:45:56 --> 00:46:02 perfect, breaks lower. And then, if you're right, if you anticipate the
462 00:46:02 --> 00:46:09 market doing what going lower to sell side, which is below that low here, and
463 00:46:09 --> 00:46:14 that's your yesterday's first presented, favorite value gap and relative equal
464 00:46:14 --> 00:46:19 lows that it formed this morning. All this in here. That's what this drop in
465 00:46:19 --> 00:46:26 here was, watch how you can track institutional order flow. You do not
466 00:46:26 --> 00:46:30 need level two data. Okay? You don't need any of that DOM stuff. You don't
467 00:46:30 --> 00:46:34 need volume profile. You don't need V while you don't need any that stock
468 00:46:36 --> 00:46:43 every up close. Candle is a delimiter for where price should not go above. So
469 00:46:43 --> 00:46:48 here's an up close candle. The market leaves it and goes below this
470 00:46:48 --> 00:46:53 candlesticks opening price, which is the change in the state of delivery. That
471 00:46:53 --> 00:46:58 means that the market can trade inside of this range, full range. So it looks
472 00:46:58 --> 00:47:09 like this. Excellent. Okay. That candle in a second there. So inside that area
473 00:47:09 --> 00:47:14 there, you're going to see the order block doing its job. The algorithms
474 00:47:14 --> 00:47:19 referring back to this candlesticks opening price. So it can trade inside
475 00:47:19 --> 00:47:23 that range like it does here, but it does not take out its high the market
476 00:47:23 --> 00:47:26 goes up into it. The bodies are respecting the body of that candlestick.
477 00:47:27 --> 00:47:33 Look at the green candles. Body here to that candle that that one goes up, but
478 00:47:33 --> 00:47:39 then stops. And then we see the same thing happening here. I apologize you're
479 00:47:39 --> 00:47:43 going to hear that the guys running the mowers in the back. I'm in my living
480 00:47:43 --> 00:47:50 room. So my life isn't with me right now. She's out and about. So same thing
481 00:47:50 --> 00:47:55 here. The market trades down below, so it validates what that's the change in
482 00:47:55 --> 00:47:59 the state delivery opening price, and the candle opens here, and then quickly
483 00:47:59 --> 00:48:04 what leaves it. So order flow is bearish. All the green candles are up
484 00:48:04 --> 00:48:10 close. Candles are doing what they're they're limiting the delivery on price
485 00:48:10 --> 00:48:15 to the upside, keeping everything focused on sell side delivery. Sell side
486 00:48:15 --> 00:48:21 delivery continues until sell side liquidity is engaged, which is that low
487 00:48:21 --> 00:48:27 down here, which it trace down to here, which I was telling you up here when it
488 00:48:27 --> 00:48:30 was doing. Go back in my selection, you'll see that's the case, and it's the
489 00:48:30 --> 00:48:36 truth. And the market does what it starts to displace, stays heavy. And the
490 00:48:36 --> 00:48:40 same thing we see up close candle so we can still track order flow, no depth of
491 00:48:40 --> 00:48:45 market. We're not looking at border ladders. I'm not looking at, you know,
492 00:48:46 --> 00:48:50 market map. What's it called? Book map. We don't need any stuff. None of that
493 00:48:50 --> 00:48:54 stuff is required. Everything in the open, high, low and close and time. So
494 00:48:54 --> 00:49:03 here's that candlestick. Here. Watch, Here's your order block. You the candle
495 00:49:03 --> 00:49:08 can do what can trade inside the range? Does it leave the upper portion open?
496 00:49:08 --> 00:49:13 Yes, and it rolls out. This candle stick does the same thing here. This change in
497 00:49:13 --> 00:49:17 the state of delivery, that opening price. That's your trigger. Same method.
498 00:49:17 --> 00:49:28 Get that off. I'm off every price run. When you're looking at price rallying
499 00:49:28 --> 00:49:31 higher or lower, this is what you're supposed to be doing. You're just going
500 00:49:31 --> 00:49:34 to reverse it when it's going higher every down closed candle should be
501 00:49:34 --> 00:49:39 performing like this. We have a change in state delivery here, the candle opens
502 00:49:39 --> 00:49:43 up on this one here, it trades up a little bit, but stays what inside the
503 00:49:43 --> 00:49:49 range of this candlestick. And it does what. It stays in the lower half. It
504 00:49:49 --> 00:49:56 does not trade or traverse to the other half or up part of it stops that in its
505 00:49:56 --> 00:50:01 tracks, breaks lower. Same thing here I'm. Not going to keep painting them
506 00:50:01 --> 00:50:04 out. This is a small one. And then finally, it just does the same thing,
507 00:50:04 --> 00:50:07 delivers down to the cell. Sign of annotated. Okay, so what am I saying
508 00:50:07 --> 00:50:14 here? High frequency trading algorithms are entering on this low, but they're
509 00:50:14 --> 00:50:18 trading above the high here. Then when it breaks down, they're trading short
510 00:50:18 --> 00:50:22 here, trading short in here, they're trading short rating on that candles the
511 00:50:22 --> 00:50:26 opening. And they're when it starts to do this, they cannot, they cannot enter
512 00:50:26 --> 00:50:32 anymore. Why? Because you're leaving the premium aspect of that range that
513 00:50:32 --> 00:50:37 they're they're firing on. That's half of the move between this low and then
514 00:50:37 --> 00:50:40 high, which is the reason why, when I'm pyramiding, I'm only pyramiding when I'm
515 00:50:40 --> 00:50:43 short, in the upper half, and once it starts to displace, like this, it's
516 00:50:43 --> 00:50:48 breaching, it's breaching the lower half. So half of that range from where
517 00:50:48 --> 00:50:52 you're targeting and where you're seeing the beginning or inception of the mood.
518 00:50:52 --> 00:50:56 You have to define premium to discount. I saw young me on youtube talking about
519 00:50:56 --> 00:51:00 how there's no premium and discount. Again, stop listening to these 20 year
520 00:51:00 --> 00:51:03 olds. They literally don't know what they're talking about. Okay? They find
521 00:51:03 --> 00:51:06 something in Market Replay, or they done something on a flip of a coin, and they
522 00:51:06 --> 00:51:12 think they now have a new science, only short and premium, only pyramid when
523 00:51:12 --> 00:51:17 you're in premium and when it enters the discount of a short sell side delivery,
524 00:51:19 --> 00:51:24 know what it's reaching for when it gets it, get out, follow order flow, as I'm
525 00:51:24 --> 00:51:29 teaching you here. Down here, the high frequency trading algorithms are not
526 00:51:29 --> 00:51:34 entering on this. They're seeing that this is the last one prior to that load
527 00:51:34 --> 00:51:38 being taken. So they're going to anticipate what speed they're going to
528 00:51:38 --> 00:51:43 anticipate, speed and delivery. And it means you see this, they don't want to
529 00:51:43 --> 00:51:47 let these individuals off the hook, so the algorithm quickly read books down
530 00:51:47 --> 00:51:53 there as fast as it can. And that's real order flow. That's real order flow.
531 00:51:53 --> 00:51:57 There's no depth of market over here. There's no volume profile required, no v
532 00:51:57 --> 00:52:02 while, no point of control, no initial balance high, no initial balance low, no
533 00:52:02 --> 00:52:06 overnight inventory. All that stuff is Grade A bullshit. It's bullshit. Okay.
534 00:52:07 --> 00:52:11 It makes it sound like you know what you're talking about. But if it worked,
535 00:52:11 --> 00:52:14 people will be constantly doing what I'm doing, outlining it to the tech, and
536 00:52:14 --> 00:52:17 you're not seeing that, but they'll explain it. Here's how it worked. Over
537 00:52:17 --> 00:52:24 here, no explain it. Real time, real time, flawlessly, consistently, over and
538 00:52:24 --> 00:52:28 over and over again, then you might have somebody that can listen to you and
539 00:52:28 --> 00:52:36 subscribe to your bullshit, but until then, it's all nonsense. So anyway, I am
540 00:52:36 --> 00:52:40 not feeling well, so I'm going to use this as an exit to get out of here and
541 00:52:40 --> 00:52:44 go get some rest. Be careful. Today, it's Friday. There's no reason for you
542 00:52:44 --> 00:52:47 to go out here and try to prove yourself. There's no reason for you try
543 00:52:47 --> 00:52:50 to make money if you haven't made money on the date or the week. Just be content
544 00:52:50 --> 00:52:55 with what you have. Lick your wounds. If it's a loss, cheerlead yourself. You
545 00:52:55 --> 00:52:59 know, if it's a win, be content. There's nothing exciting about today. Just
546 00:52:59 --> 00:53:06 relax. And if you are going to watch, it just tapered until talk to you next
547 00:53:06 --> 00:53:07 time. Be safe. You.