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2 |1 |00:02:00 ~-~-> 00:02:17 |ICT: Well, good morning, folks. How are you? If you would all be so kind if
3 |2 |00:02:17 ~-~-> 00:02:22 |you're following me on Twitter or x, if you could just give me a heads up. Give
4 |3 |00:02:22 ~-~-> 00:02:24 |me a five by five. Let me know you guys can hear me. I
5 |4 |00:02:47 ~-~-> 00:02:53 |Awesome. Thank you so much, folks. All right, we're going to do a little bit of
6 |5 |00:02:53 ~-~-> 00:02:59 |a teaching this morning that I think will serve you well. This is something
7 |6 |00:02:59 ~-~-> 00:03:04 |that is applicable to forex and indices. So it's not something that's just
8 |7 |00:03:04 ~-~-> 00:03:10 |limited to stock index futures. So I want to take you out to a daily chart
9 |8 |00:03:10 ~-~-> 00:03:11 |real quick.
10 |9 |00:03:20 ~-~-> 00:03:27 |Sorry about that. I did not put my my pups away. So if you bear with me one
11 |10 |00:03:27 ~-~-> 00:03:27 |second,
12 |11 |00:03:36 ~-~-> 00:03:40 |this guy's so unprofessional. Look at this. He does this for free. He does
13 |12 |00:03:40 ~-~-> 00:03:47 |this for free, and he irritates us with all this extra stuff, all right. So look
14 |13 |00:03:47 ~-~-> 00:03:53 |at this candlestick right here on July 17, 2024 that's the city. That's what
15 |14 |00:03:53 ~-~-> 00:04:00 |has been our objective since, uh, well, since the mentorship in 2024 started
16 |15 |00:04:00 ~-~-> 00:04:07 |that would likely draw us up into this in here. So if you look at the gradient
17 |16 |00:04:07 ~-~-> 00:04:12 |levels, we have this candlestick low, that's the high. This candlesticks high,
18 |17 |00:04:12 ~-~-> 00:04:15 |that's the low of this city. Southside, imbalanced by side and efficiency.
19 |18 |00:04:17 ~-~-> 00:04:25 |Midpoint is 20,005 68 upper quadrant is 20,006 46, and three quarters. And we've
20 |19 |00:04:25 ~-~-> 00:04:30 |seen that traded to yesterday, and it looks as if it hit it today as well. So
21 |20 |00:04:31 ~-~-> 00:04:38 |when we're trading inside of areas where it may consolidate, even though you have
22 |21 |00:04:38 ~-~-> 00:04:44 |a bullish bias, even though I have a bullish bias. It's important you look at
23 |22 |00:04:44 ~-~-> 00:04:49 |what overnight did, okay and with these levels here, just note that the dotted
24 |23 |00:04:49 ~-~-> 00:04:55 |heavy dashed, I'm sorry, heavy dotted lines are respective to this individual
25 |24 |00:04:55 ~-~-> 00:05:00 |single down, closed candle on the daily chart, there's going to be smaller. Four
26 |25 |00:05:00 ~-~-> 00:05:03 |little levels, which I'll put on the chart, and you'll see how I'm putting
27 |26 |00:05:03 ~-~-> 00:05:07 |them on in a moment. Don't get them confused with the dotted lines. Okay, so
28 |27 |00:05:07 ~-~-> 00:05:12 |the lower black one here is this candle sticks daily high on the 18th of July.
29 |28 |00:05:13 ~-~-> 00:05:18 |This candle sticks low. That's a black dotted line. Then you have the upper
30 |29 |00:05:18 ~-~-> 00:05:23 |quadrant. Blue midpoint is kind of like a purple hue, and the lower quadrant is
31 |30 |00:05:23 ~-~-> 00:05:28 |a blue. Okay, so just be mindful that. And we're going to drop back down into a
32 |31 |00:05:28 ~-~-> 00:05:34 |one minute chart. You can see the reaction off of that upper quadrant
33 |32 |00:05:34 ~-~-> 00:05:38 |level. So far right here. That's what this is. And if you scroll down a little
34 |33 |00:05:38 ~-~-> 00:05:48 |bit, you'll see the black one I'm up here, see that. So we have where we are
35 |34 |00:05:48 ~-~-> 00:05:54 |right now to this level, on the upside, if everything remains bullish, this is
36 |35 |00:05:54 ~-~-> 00:05:59 |the range that's between market price and where it would need to trade to. I
37 |36 |00:05:59 ~-~-> 00:06:05 |have added because I want my son to understand daily highs and lows. There
38 |37 |00:06:05 ~-~-> 00:06:11 |is the opening bell here. Let me put on rigor trading hours. You can see the
39 |38 |00:06:11 ~-~-> 00:06:18 |gap. It's rather anemic. So we're not terribly excited about that. So far this
40 |39 |00:06:18 ~-~-> 00:06:27 |morning, we have some sell side down in here. Be mindful that scalp, honey. I
41 |40 |00:06:27 ~-~-> 00:06:34 |can't hold you right now, not right now. Go play. So just be mindful this right
42 |41 |00:06:34 ~-~-> 00:06:40 |here. Okay, it's a nice pool of liquidity there. It may be impactful.
43 |42 |00:06:42 ~-~-> 00:06:43 |This morning's trading. I
44 |43 |00:07:00 ~-~-> 00:07:19 |I just want to annotate the opening range gap i
45 |44 |00:07:25 ~-~-> 00:07:32 |All right. So that is the range, if you will. So if we look at the the days
46 |45 |00:07:32 ~-~-> 00:07:37 |where it can consolidate, okay, and I'll tell you what that means in a moment, in
47 |46 |00:07:37 ~-~-> 00:07:45 |comparison to a data, it's trending. It if we are in a day where you're looking
48 |47 |00:07:45 ~-~-> 00:07:48 |at the market on a daily chart and you're trying to determine if it's
49 |48 |00:07:48 ~-~-> 00:07:51 |bullish or bearish, or if you have already maintained a bullish or bearish
50 |49 |00:07:52 ~-~-> 00:07:56 |bias, and you're you're waiting for the next leg and price higher or lower,
51 |50 |00:07:56 ~-~-> 00:08:01 |respected to your bias, we'll say that we're sticking with the bias that's been
52 |51 |00:08:01 ~-~-> 00:08:07 |given us since the beginning in August of this this year, when I started the
53 |52 |00:08:07 ~-~-> 00:08:10 |2024 mentorship on YouTube, I stated the indices would be bullish. They're going
54 |53 |00:08:10 ~-~-> 00:08:14 |to keep pumping them up until we get into the election. Because the
55 |54 |00:08:14 ~-~-> 00:08:21 |perspective is the neophytes or the the street money or the unlearned or non
56 |55 |00:08:21 ~-~-> 00:08:27 |investors, they see the stock market as a measurement of the economy, and it's
57 |56 |00:08:27 ~-~-> 00:08:32 |not true, but that's that's the mechanism that they use during
58 |57 |00:08:32 ~-~-> 00:08:36 |presidential election years. So if you haven't never wrote that down in your
59 |58 |00:08:36 ~-~-> 00:08:41 |journal, just make sure you have that there. So with everything being bullish.
60 |59 |00:08:46 ~-~-> 00:08:52 |Okay, what you want to do is, anytime when the market's bullish and you have a
61 |60 |00:08:53 ~-~-> 00:08:57 |consolidation range where we'll have it like this, see what's still in here,
62 |61 |00:08:59 ~-~-> 00:09:03 |just staying in a rather large range in here. You want to define it to time.
63 |62 |00:09:04 ~-~-> 00:09:09 |Strip it down to time. Yep, that's that scalp. Look in our water. This is so
64 |63 |00:09:09 ~-~-> 00:09:13 |unprofessional. Cannot believe he's forcing us to listen to this dog lapping
65 |64 |00:09:13 ~-~-> 00:09:25 |up its water. So this is midnight in New York, local time. I Hey, listen, I'm
66 |65 |00:09:25 ~-~-> 00:09:28 |giving you some leeway here, but you're really taking advantage of it. Be quiet.
67 |66 |00:09:32 ~-~-> 00:09:41 |And to 5am okay, I think I just moved over.
68 |67 |00:09:47 ~-~-> 00:09:54 |Okay, so you have midnight, New York local time, and you have 5am so these
69 |68 |00:09:54 ~-~-> 00:09:58 |are overnight hours. It's very specific times. And then what you want to do is
70 |69 |00:09:58 ~-~-> 00:10:01 |you want to get the highest, high and the lowest. Low between those two price
71 |70 |00:10:01 ~-~-> 00:10:08 |points or two time reference points. Apologize. Okay, don't count the
72 |71 |00:10:08 ~-~-> 00:10:13 |midnight candle and don't count the 5am candle. It's between those two
73 |72 |00:10:13 ~-~-> 00:10:20 |delineations in time. Okay, so what you'll do is, you can't use that
74 |73 |00:10:20 ~-~-> 00:10:26 |candlestick. So you can't otherwise it would be that that candlestick that I
75 |74 |00:10:26 ~-~-> 00:10:32 |would be anchored to, I'm not doing that. Notice that. Don't worry. I'll be
76 |75 |00:10:32 ~-~-> 00:10:36 |looking at live price action at 10 o'clock. Let the opening range
77 |76 |00:10:36 ~-~-> 00:10:42 |transpire. I don't need this price movement right here. So the midnight
78 |77 |00:10:42 ~-~-> 00:10:48 |candlestick, and then after that, so 1201, to 459, what's the highest high
79 |78 |00:10:48 ~-~-> 00:10:53 |and the lowest low? Well, that's right here. That's the high and that's the
80 |79 |00:10:53 ~-~-> 00:10:59 |low. Once you have that information, what you can do is you grade that price
81 |80 |00:10:59 ~-~-> 00:11:07 |swing. You it, meaning you take your fib, just simply take it, put on the
82 |81 |00:11:07 ~-~-> 00:11:15 |high, that's not the high, drop it on the highest candle down to the lowest,
83 |82 |00:11:15 ~-~-> 00:11:21 |and you're gonna be showing the quadrant levels. That means your fib will look
84 |83 |00:11:21 ~-~-> 00:11:30 |like this. You'll have a 0.25 level 0.75 level, 0.5 level, your one level and
85 |84 |00:11:30 ~-~-> 00:11:33 |zero level. That's the high and the low the range you're defining, that's
86 |85 |00:11:33 ~-~-> 00:11:37 |equilibrium, which is halfway, and then the upper and lower quadrant
87 |86 |00:11:37 ~-~-> 00:11:42 |respectively, depend upon which direction you draw the FIB from okay? So
88 |87 |00:11:43 ~-~-> 00:11:47 |as you saw that I draw, I drew rather the FIB from the highest to the lowest
89 |88 |00:11:47 ~-~-> 00:11:57 |in that defined range between 12 by one and 459 this is your overnight range. So
90 |89 |00:11:57 ~-~-> 00:12:02 |what this is actually doing is, is this? This is going to allow you to predict,
91 |90 |00:12:02 ~-~-> 00:12:06 |yes, predict Virginia. You're going to be predicting some things with this
92 |91 |00:12:06 ~-~-> 00:12:11 |information. Okay, so because you're in a range, you don't use this concept when
93 |92 |00:12:11 ~-~-> 00:12:16 |the market is trending, okay, so when the market is trending, it's been like
94 |93 |00:12:16 ~-~-> 00:12:20 |running in one direction overnight. This is not what this is. It's part of a
95 |94 |00:12:20 ~-~-> 00:12:26 |larger range. So if it's been like just tearing off, taken off from Asia, and
96 |95 |00:12:26 ~-~-> 00:12:30 |just keeps on going one direction, higher or lower, you do not use this for
97 |96 |00:12:30 ~-~-> 00:12:35 |that. But when you're when you're part of a larger consolidation, which is what
98 |97 |00:12:35 ~-~-> 00:12:36 |you're seeing here, I
99 |98 |00:12:43 ~-~-> 00:12:47 |are all in here. We do not take out the high here, and we do not take out the
100 |99 |00:12:47 ~-~-> 00:12:52 |low here. So we're consolidating leading up to the beginning of pre market
101 |100 |00:12:52 ~-~-> 00:12:58 |session for Tuesday's trading, which is today, today's right now. So what I did
102 |101 |00:12:58 ~-~-> 00:13:03 |is I've defined this overnight range, and we have graded that. Okay, now I'm
103 |102 |00:13:03 ~-~-> 00:13:09 |going to change the the the levels here from a.to a dash, so that way there's a
104 |103 |00:13:09 ~-~-> 00:13:13 |distinction between, remember, I was telling you on the daily chart those
105 |104 |00:13:13 ~-~-> 00:13:20 |dotted levels, that is going to be the quadrants inside that daily Sibi or sell
106 |105 |00:13:20 ~-~-> 00:13:25 |sign, in bounds by signing efficiency. Contrast that with now the heavy dash
107 |106 |00:13:25 ~-~-> 00:13:30 |line, which is defining the overnight range. When you have this information,
108 |107 |00:13:30 ~-~-> 00:13:37 |it'll allow you to predict the general location in close proximity where my PD
109 |108 |00:13:37 ~-~-> 00:13:41 |arrays are going to form. So that way you're not surprised. They don't. They
110 |109 |00:13:41 ~-~-> 00:13:48 |don't just jump out at at you unexpectedly. Let's put it that way. So
111 |110 |00:13:48 ~-~-> 00:13:52 |a lot of questions I've gotten over the years from my private mentorship
112 |111 |00:13:52 ~-~-> 00:13:55 |students, a lot of the questions I get from YouTube viewers or whatever,
113 |112 |00:13:57 ~-~-> 00:14:01 |emails, messages now they go and they text message me. Please don't text
114 |113 |00:14:01 ~-~-> 00:14:04 |message me, because I'll block you. I won't answer your question. I'll just
115 |114 |00:14:04 ~-~-> 00:14:11 |block your phone number. But the the idea is, I want to get an eye an idea on
116 |115 |00:14:11 ~-~-> 00:14:20 |how to communicate to students, how they can predict in the general proximity, in
117 |116 |00:14:20 ~-~-> 00:14:26 |terms of the price. Now the time aspect is, is always constant. You know the
118 |117 |00:14:26 ~-~-> 00:14:33 |times, they're macros, they're the opening session. They have the 830 algo.
119 |118 |00:14:33 ~-~-> 00:14:38 |That's when 830 this starts spooling. Price runs for liquidity. You saw me do
120 |119 |00:14:38 ~-~-> 00:14:41 |that yesterday, and I'll go over that trade, by the way, before we close
121 |120 |00:14:41 ~-~-> 00:14:45 |today, I will be done at 1030 so we won't be having a very long session
122 |121 |00:14:45 ~-~-> 00:14:51 |today. I'm trying to keep them small, concise and to the point. But if you
123 |122 |00:14:51 ~-~-> 00:15:01 |look at the levels and again, this is the lower quadrant, middle and. In upper
124 |123 |00:15:01 ~-~-> 00:15:07 |quadrant, you see that of the overnight range. Let me zoom back out a little bit
125 |124 |00:15:07 ~-~-> 00:15:12 |so you can see the reference once again. Here's the high of it, the upper
126 |125 |00:15:12 ~-~-> 00:15:18 |quadrant, the midpoint, lower quadrant and the low. So this is the low
127 |126 |00:15:18 ~-~-> 00:15:23 |overnight range, high the overnight range. Very simple, not complicated, is
128 |127 |00:15:23 ~-~-> 00:15:28 |it? I give you very specific times to look at. I told you why we're using
129 |128 |00:15:28 ~-~-> 00:15:31 |this. Why are we using this? Because it's part of a larger consolidation.
130 |129 |00:15:31 ~-~-> 00:15:36 |It's not an extension run where, since Asia started last night, it didn't just
131 |130 |00:15:36 ~-~-> 00:15:41 |start running in one direction. It's been it's been maintained inside of a
132 |131 |00:15:41 ~-~-> 00:15:45 |larger range. So I already know some of you that are brand new are going to look
133 |132 |00:15:45 ~-~-> 00:15:51 |at this and be subjective and say, Well, you know, how can I not see this as a
134 |133 |00:15:51 ~-~-> 00:15:54 |trend? Or, how can I not see this as a reversal? Because you're trying to take
135 |134 |00:15:54 ~-~-> 00:15:58 |everything that either heard somebody else as a student mention, or maybe
136 |135 |00:15:58 ~-~-> 00:16:02 |you've watched a few of my videos, and you're trying to form fit and take
137 |136 |00:16:03 ~-~-> 00:16:07 |certain aspects of what you're unaware of, and you're trying to cram in every
138 |137 |00:16:07 ~-~-> 00:16:12 |lesson for now, just understand that this is a concept that I use when the
139 |138 |00:16:12 ~-~-> 00:16:17 |market is being held in a range it's not being permitted to extend further.
140 |139 |00:16:17 ~-~-> 00:16:22 |Overnight, it's staying in yesterday's predetermined range. So inside of the
141 |140 |00:16:22 ~-~-> 00:16:27 |daily range of yesterday, we haven't made any new significant high or low. So
142 |141 |00:16:27 ~-~-> 00:16:32 |because of that, I elect to use this concept. I'll look at overnight range
143 |142 |00:16:32 ~-~-> 00:16:41 |defined by 12, 01, to 459, Eastern Time. That means your time always has to be
144 |143 |00:16:41 ~-~-> 00:16:44 |set to this. Okay? If you're looking at trading view and your time is set to
145 |144 |00:16:44 ~-~-> 00:16:51 |anything other than that, you're doing it wrong period. Okay, so what you can
146 |145 |00:16:51 ~-~-> 00:16:56 |do with this now is think we've been bullish. I've not been calling a crash.
147 |146 |00:16:56 ~-~-> 00:17:00 |I've not been calling it lower. We've been focusing on primarily the higher
148 |147 |00:17:00 ~-~-> 00:17:06 |Time Frame, macro perspective, not macro in terms of time. The perspective on the
149 |148 |00:17:06 ~-~-> 00:17:10 |higher time frames is it's bullish because it's an election year, because
150 |149 |00:17:10 ~-~-> 00:17:13 |it's likely to continue going higher. Where can it trade to? Well, it can
151 |150 |00:17:13 ~-~-> 00:17:22 |trade into that larger city on the daily chart. So with these levels here, these
152 |151 |00:17:22 ~-~-> 00:17:27 |dashed lines that's on the overnight range, these smaller, little dotted
153 |152 |00:17:27 ~-~-> 00:17:33 |lines here, and I think a little bit more you'll see another one right here.
154 |153 |00:17:33 ~-~-> 00:17:37 |So here's the upper quadrant to the daily city. Here's the midpoint of that.
155 |154 |00:17:38 ~-~-> 00:17:41 |Look what happened today when we went down and made the low of the overnight
156 |155 |00:17:41 ~-~-> 00:17:46 |range, going into 430 it turned around in there. And look at that right there.
157 |156 |00:17:46 ~-~-> 00:17:53 |At 508, what's happening there? Time wise, what's occurring right there at
158 |157 |00:17:53 ~-~-> 00:18:01 |that candlesticks low. It's trading to the consequent approachment of the daily
159 |158 |00:18:01 ~-~-> 00:18:07 |city, okay, so just for, just for a moment, because I want you to understand
160 |159 |00:18:07 ~-~-> 00:18:11 |what I'm pointing to here, what this level is. We're going to go back to the
161 |160 |00:18:11 ~-~-> 00:18:17 |daily chart. Just remember that that price, that low, there is 20,005 67.75,
162 |161 |00:18:19 ~-~-> 00:18:23 |okay, right there. We're gonna jump right back up to a daily chart, because
163 |162 |00:18:23 ~-~-> 00:18:26 |I want you to see, I want you to see what I'm pointing to and what I'm
164 |163 |00:18:26 ~-~-> 00:18:29 |referencing. Because I'm sure by going back and forth in the time frames,
165 |164 |00:18:30 ~-~-> 00:18:41 |you're losing your focus. That's this level right here, 20,005 68, even, it's
166 |165 |00:18:41 ~-~-> 00:18:46 |defining that candlesticks low, that candlesticks high, halfway. That's what
167 |166 |00:18:46 ~-~-> 00:18:50 |that is. Okay? So that's consequent encroachment, because it's a
168 |167 |00:18:50 ~-~-> 00:18:55 |inefficiency or gap. If it was an order block, it would be mean threshold, the
169 |168 |00:18:55 ~-~-> 00:18:59 |midpoint of that price level of this individual candlestick. What I'm
170 |169 |00:18:59 ~-~-> 00:19:07 |highlighting is essentially the middle of this. That right there. And usually
171 |170 |00:19:07 ~-~-> 00:19:10 |you would see me highlight it like this. It'd be something with a red hue or
172 |171 |00:19:10 ~-~-> 00:19:14 |whatever, but I'm focusing your attention right there on that midpoint.
173 |172 |00:19:18 ~-~-> 00:19:20 |Now let's go back down to the one minute chart
174 |173 |00:19:27 ~-~-> 00:19:38 |and right there on that, candlesticks, low, 20,005, 67.75 it went one tick, one
175 |174 |00:19:38 ~-~-> 00:19:43 |tick below that daily SIB consequent encroachment to so to get that price
176 |175 |00:19:43 ~-~-> 00:19:47 |perfectly, if you're a smart money trader, it has to do what it has to
177 |176 |00:19:47 ~-~-> 00:19:51 |trade one tick below it, because you just can't create the low at 20,005 68,
178 |177 |00:19:51 ~-~-> 00:19:55 |even, which is consequence encroachment that would be the algorithmic delivery
179 |178 |00:19:55 ~-~-> 00:20:00 |if it was perfect, but not affording any smart money to buy it because you. To
180 |179 |00:20:00 ~-~-> 00:20:05 |buy it, this has to be at least one tick below that price. Can you follow what
181 |180 |00:20:05 ~-~-> 00:20:10 |I'm saying? So if we're looking for longs and it trades down to a specific
182 |181 |00:20:10 ~-~-> 00:20:14 |price level, it's reasonable to anticipate it to go one tick below, for
183 |182 |00:20:14 ~-~-> 00:20:19 |perfection, for perfection, and you're seeing that happen here at a time.
184 |183 |00:20:20 ~-~-> 00:20:32 |Listen, now. Listen 450, to 5:10am, that's Asia's close. We're seeing a
185 |184 |00:20:32 ~-~-> 00:20:40 |shift from the Asian market to European, London crossover into New York. So we're
186 |185 |00:20:40 ~-~-> 00:20:44 |entering what pre market session for New York session. But we still have Europe.
187 |186 |00:20:44 ~-~-> 00:20:50 |We still have London, still active until around 11 o'clock, 1030 something like
188 |187 |00:20:50 ~-~-> 00:20:56 |that. So at that moment, we can see algorithmic price delivery right to the
189 |188 |00:20:56 ~-~-> 00:21:02 |tick, just like that. And it turns at a higher Time Frame level that you would
190 |189 |00:21:02 ~-~-> 00:21:08 |have never paid any attention to. Now, when what do we we're bullish. So if
191 |190 |00:21:08 ~-~-> 00:21:12 |we're bullish on the marketplace, we're expecting price to react off of these
192 |191 |00:21:12 ~-~-> 00:21:16 |levels and cause displacement to the upside. That means we want to see price
193 |192 |00:21:16 ~-~-> 00:21:21 |start to run higher from it. We're not trying to short. We're trying to look
194 |193 |00:21:21 ~-~-> 00:21:26 |for displacements moving away from them. It's an energetic price run that says,
195 |194 |00:21:26 ~-~-> 00:21:31 |Look at me. Pay attention to me. You see that happening here? And what is it
196 |195 |00:21:31 ~-~-> 00:21:36 |doing? I'm going to take this 5am line off, so just be mindful. Just I'll give
197 |196 |00:21:36 ~-~-> 00:21:39 |you one chance to take a screenshot of it that way for your notes. Caleb,
198 |197 |00:21:39 ~-~-> 00:21:44 |everyone else you should be doing this in your own charts. He doesn't have the
199 |198 |00:21:44 ~-~-> 00:21:48 |experience navigating through as much as some of my older students. But if you're
200 |199 |00:21:48 ~-~-> 00:21:55 |going to be lazy, you know, I can't stop you, but that's what the opening I'm
201 |200 |00:21:55 ~-~-> 00:22:00 |sorry, the overnight range is from high to low, and the gradings, okay, G, R, A,
202 |201 |00:22:00 ~-~-> 00:22:08 |D, I N, G, s, gradings. That's what this is. So we see this happen here, and it
203 |202 |00:22:08 ~-~-> 00:22:11 |starts to school higher. What is it doing? It's taking out the relative
204 |203 |00:22:11 ~-~-> 00:22:15 |equal highs right here, which are qualified. Why? Because this high is
205 |204 |00:22:15 ~-~-> 00:22:19 |slightly lower than that one. So what's going to be resting above that short
206 |205 |00:22:19 ~-~-> 00:22:25 |term? What minor buy side liquidity. So the market rallies up above that, trades
207 |206 |00:22:25 ~-~-> 00:22:29 |into this inefficiency there, and then comes right back down into in this price
208 |207 |00:22:29 ~-~-> 00:22:35 |leg. In this price leg, right there, it creates a fair value gap. Where is this
209 |208 |00:22:35 ~-~-> 00:22:41 |fair value gap in proximity to, I don't know, this lat, this dashed line. Is it
210 |209 |00:22:41 ~-~-> 00:22:50 |above it, or is it below it? It's below it. So in reference to that price and
211 |210 |00:22:51 ~-~-> 00:23:01 |time, what time is this? What time is it right in here, 550, to what? 610, macro,
212 |211 |00:23:02 ~-~-> 00:23:07 |holy, holy smokes. This is unbelievable, right? Because now you're starting gears
213 |212 |00:23:07 ~-~-> 00:23:10 |are turning, aren't they? Oh, my goodness. Oh, my goodness. You better
214 |213 |00:23:10 ~-~-> 00:23:13 |start making some more videos, because you're literally making me smile every
215 |214 |00:23:13 ~-~-> 00:23:19 |single day. I'm a fraud. Look. I see these expose themselves. Come on. Make
216 |215 |00:23:19 ~-~-> 00:23:25 |some more videos. Come on. Come on. Below that quadrant. Okay, below that
217 |216 |00:23:25 ~-~-> 00:23:32 |quadrant. When you're bullish, if a PDA forms, it is in a discount. It's also in
218 |217 |00:23:32 ~-~-> 00:23:37 |close proximity to it. So that means we're expecting this to deliver, what a
219 |218 |00:23:37 ~-~-> 00:23:43 |read, delivery in price, which we see here, and then once more, here. What
220 |219 |00:23:43 ~-~-> 00:23:50 |time is that candlestick forming? 55 minutes after 5am that's the 550, to
221 |220 |00:23:50 ~-~-> 00:23:57 |610, macro, then the market. That's what it delivers, price higher. And what does
222 |221 |00:23:57 ~-~-> 00:24:03 |it run for? Equilibrium of the overnight range. That's this dashed line here.
223 |222 |00:24:04 ~-~-> 00:24:08 |Okay, forget all this stuff here. Forget all that for right now it's trading into
224 |223 |00:24:08 ~-~-> 00:24:14 |that. And then what does it do? It comes right back down into some random level,
225 |224 |00:24:14 ~-~-> 00:24:21 |some random Elliott Wave, white golf wannabe stuff. Okay, it trades right
226 |225 |00:24:21 ~-~-> 00:24:25 |back down into the lower quadrant once more. And does it stop there? Absolutely
227 |226 |00:24:25 ~-~-> 00:24:30 |it does not. Trades down into your fair value. Get right there. So that makes
228 |227 |00:24:30 ~-~-> 00:24:35 |this what reclaimed bullish fair value got. And then what does the market do?
229 |228 |00:24:36 ~-~-> 00:24:41 |Completely random, completely unexpected. It price runs from there all
230 |229 |00:24:41 ~-~-> 00:24:46 |the way up past the minor buy side here, above this buy side, and trades right to
231 |230 |00:24:46 ~-~-> 00:24:51 |the upper quadrant of the overnight range. Now, what do you think's above
232 |231 |00:24:51 ~-~-> 00:24:54 |that overnight range? Look how smooth that is. That's that's probably
233 |232 |00:24:54 ~-~-> 00:24:58 |something significant. What will be resting above that? Oh, I don't know.
234 |233 |00:24:58 ~-~-> 00:25:02 |Probably some buy stops. I. Some money that would have been riding this short
235 |234 |00:25:02 ~-~-> 00:25:06 |hoping it's going to keep going down. And the market runs to that level here.
236 |235 |00:25:06 ~-~-> 00:25:10 |Upper quadrant retraces back down into what, oh my goodness. Look at this
237 |236 |00:25:10 ~-~-> 00:25:14 |Fairbank guy. How do you pick the right fair value guests all the time? ICT, why
238 |237 |00:25:14 ~-~-> 00:25:17 |do you keep picking them? You must be recording on a dozen screens, because
239 |238 |00:25:17 ~-~-> 00:25:20 |you have a dozen screens, and you're recording all of them, and you're
240 |239 |00:25:20 ~-~-> 00:25:23 |looking for the one that works, then you're going to share that one. Do you
241 |240 |00:25:23 ~-~-> 00:25:27 |have any idea how hard that is to juggle all that? You guys give me too much
242 |241 |00:25:27 ~-~-> 00:25:30 |credit. You guys give me way too much credit. All I have to do is the right
243 |242 |00:25:30 ~-~-> 00:25:34 |stuff. What I'm teaching you right here, this is the right stuff. Okay. NASA
244 |243 |00:25:34 ~-~-> 00:25:40 |follows my logic. Okay. We do the right stuff. Okay. So again, look at the
245 |244 |00:25:40 ~-~-> 00:25:46 |criteria. Now look at the criteria here. Is equilibrium. Okay, just so happens
246 |245 |00:25:46 ~-~-> 00:25:50 |there's a short term load there. What would be there? Sell side, liquidity.
247 |246 |00:25:50 ~-~-> 00:25:53 |Why would that be there? Because they start to run a little bit here, and
248 |247 |00:25:53 ~-~-> 00:25:58 |they're going to chase it. Who longs Street Money? Uninformed people, YouTube
249 |248 |00:25:58 ~-~-> 00:26:01 |influencers with affiliate links for their stuff, because they don't really
250 |249 |00:26:01 ~-~-> 00:26:05 |trade, but they want to make videos about make videos about me. Keep making
251 |250 |00:26:05 ~-~-> 00:26:08 |them, baby. Keep making them because you're bringing them right here, and
252 |251 |00:26:08 ~-~-> 00:26:11 |they're learning how to do it for free. So below that sell side liquidity,
253 |252 |00:26:11 ~-~-> 00:26:16 |there's your equilibrium price point of the night over night range. So what's
254 |253 |00:26:16 ~-~-> 00:26:21 |below that in close proximity? Oh, it's just this. This random fair value got
255 |254 |00:26:21 ~-~-> 00:26:25 |right there. One more bullish. And is it below your equilibrium of the overnight
256 |255 |00:26:25 ~-~-> 00:26:30 |range? Absolutely. So what is it? It's discount to the young man to put YouTube
257 |256 |00:26:30 ~-~-> 00:26:33 |video there. You don't need to do anything at a premium and discount. I
258 |257 |00:26:33 ~-~-> 00:26:37 |don't do anything at premium discount. It's nonsense. You're clueless. You're
259 |258 |00:26:37 ~-~-> 00:26:41 |clueless. Son, listen, you need to sit down and take notes, because you're not
260 |259 |00:26:41 ~-~-> 00:26:44 |learning anything by experimenting without the stuff I've taught, you're
261 |260 |00:26:44 ~-~-> 00:26:48 |gonna be doing it randomly. You're gonna lose money, and you're gonna assume that
262 |261 |00:26:48 ~-~-> 00:26:53 |this stuff doesn't work when it's perfect. Okay, Patek, they refer to me
263 |262 |00:26:53 ~-~-> 00:26:57 |for their precision. They come here. They come here for the precision, for
264 |263 |00:26:57 ~-~-> 00:27:00 |their watchmaking, because you can set your watch to what I'm doing, the
265 |264 |00:27:01 ~-~-> 00:27:06 |market's going to deliver just like that, just like that. So the market
266 |265 |00:27:06 ~-~-> 00:27:09 |comes back down into a fair value gap that is in close proximity to the
267 |266 |00:27:09 ~-~-> 00:27:13 |equilibrium price point of the overnight range that is clearly defined. It is not
268 |267 |00:27:13 ~-~-> 00:27:17 |complicated. It is not complex. If you don't know what time it is on your
269 |268 |00:27:17 ~-~-> 00:27:20 |charts, then you're a fucking idiot. You have new business listening to me or
270 |269 |00:27:20 ~-~-> 00:27:23 |anyone else, you shouldn't be trading. If you think that's complex, that's
271 |270 |00:27:23 ~-~-> 00:27:27 |complicated, if you think this is me complicating anything you failed in
272 |271 |00:27:27 ~-~-> 00:27:31 |elementary school, guaranteed they pushed you through school. There's no
273 |272 |00:27:31 ~-~-> 00:27:36 |way. There's no way you deserve the graduate degree or your diploma if
274 |273 |00:27:36 ~-~-> 00:27:39 |you're if you're still carrying one, if you can't follow up the show here today,
275 |274 |00:27:40 ~-~-> 00:27:44 |very specific price levels. If you're bullish, the PD arrays will form at
276 |275 |00:27:44 ~-~-> 00:27:50 |them, but below them. Oh, so we're on a discount. That means there, if there
277 |276 |00:27:50 ~-~-> 00:27:55 |really is this elusive, hard to believe exists algorithm, then there has to be
278 |277 |00:27:55 ~-~-> 00:28:00 |logic that repeats over and over and over and over again around the things
279 |278 |00:28:00 ~-~-> 00:28:08 |I've communicated to you what PD arrays around time, time it has to be the time
280 |279 |00:28:08 ~-~-> 00:28:12 |for the market to move. Otherwise it isn't going to move. It'll stay stagnant
281 |280 |00:28:12 ~-~-> 00:28:17 |or retrace against you. Period. Now, if it's being held there, that means
282 |281 |00:28:17 ~-~-> 00:28:21 |there's manual intervention. That means they're holding it for something later
283 |282 |00:28:21 ~-~-> 00:28:27 |in the day or the next trading day, that part you're gonna get burned by I get
284 |283 |00:28:27 ~-~-> 00:28:31 |burned by it. It's nothing you can do about that, because if they want to get
285 |284 |00:28:31 ~-~-> 00:28:35 |their hand in the cookie jar, you can't stop them, period. That's why you have
286 |285 |00:28:35 ~-~-> 00:28:38 |to have a stop loss. That's why you don't over leverage. So what does it do?
287 |286 |00:28:38 ~-~-> 00:28:43 |It drops down into some random fair value gap right here, and it's half of
288 |287 |00:28:43 ~-~-> 00:28:47 |the move that you expect to see deliver, which is the high of the overnight range
289 |288 |00:28:48 ~-~-> 00:28:52 |price rallies, draws back down into another fair value gap here,
290 |289 |00:28:58 ~-~-> 00:29:04 |if You were looking for a long if you were, would you be afraid to buy it in
291 |290 |00:29:04 ~-~-> 00:29:09 |here? Would you think it's too much of a premium? It's too high? Can't buy it.
292 |291 |00:29:10 ~-~-> 00:29:16 |Can't do it. No. What happens when you see price on the upper half of the
293 |292 |00:29:16 ~-~-> 00:29:23 |overnight range? You don't want to see anything come back down towards the low
294 |293 |00:29:24 ~-~-> 00:29:32 |of the overnight range. But we have to deal with what the opening bell. We have
295 |294 |00:29:32 ~-~-> 00:29:35 |to see. We have to anticipate some kind of volatility coming into the
296 |295 |00:29:35 ~-~-> 00:29:41 |marketplace. But before the opening bell, what takes place at 830 usually
297 |296 |00:29:41 ~-~-> 00:29:44 |there's news. If there's any news that's on the docket for the day, it's either
298 |297 |00:29:44 ~-~-> 00:29:48 |going to be a high impact or a medium impact news driver. But you don't need
299 |298 |00:29:48 ~-~-> 00:29:53 |that. I'm teaching you that there doesn't. There hasn't ever been a need
300 |299 |00:29:53 ~-~-> 00:29:59 |for me to have a calendar event on 838 30 is an algorithmic price delivery you.
301 |300 |00:30:00 ~-~-> 00:30:06 |The algorithm does this very thing every single day. At 830 it will spool and it
302 |301 |00:30:06 ~-~-> 00:30:10 |creates some kind of sentiment driven response in traders because they want to
303 |302 |00:30:10 ~-~-> 00:30:15 |chase it. They want to they want to believe something that's either in play
304 |303 |00:30:15 ~-~-> 00:30:20 |or maybe potentially reversing. And it gets their their appetite revved up
305 |304 |00:30:20 ~-~-> 00:30:25 |because they want to get there and start trading in another hour. Think about it.
306 |305 |00:30:25 ~-~-> 00:30:30 |It's kind of like when you watch the cheerleaders, watch the players on the
307 |306 |00:30:30 ~-~-> 00:30:34 |field or whatever, before they got on and play their game. Whatever it is they
308 |307 |00:30:34 ~-~-> 00:30:38 |do, the cheerleaders get them all riled up. Who not the football players. They
309 |308 |00:30:38 ~-~-> 00:30:43 |could care less about them. It's the it's the crowd. Well, the spectators
310 |309 |00:30:44 ~-~-> 00:30:48 |here are the speculators, and they're waiting for that opening bell. So 830
311 |310 |00:30:48 ~-~-> 00:30:52 |there's always gonna be what there's gonna be a price run starts just like
312 |311 |00:30:52 ~-~-> 00:30:56 |that. And if you have a medium or high impact news driver at that time, at 830
313 |312 |00:30:56 ~-~-> 00:31:01 |New York local time, then it just exasperates the likelihood that the move
314 |313 |00:31:01 ~-~-> 00:31:05 |is going to be exaggerated, and that may or may not be indicative of the
315 |314 |00:31:05 ~-~-> 00:31:10 |underlying direction of the day, or not, very minimum, the morning session. So
316 |315 |00:31:11 ~-~-> 00:31:15 |price comes back down, does it goes back down to the halfway point after leaving
317 |316 |00:31:15 ~-~-> 00:31:23 |here? No. In this area, upper quadrant, it's going to be less likely to have the
318 |317 |00:31:23 ~-~-> 00:31:29 |same degree of precision. Why? If you look at my teachings in the core content
319 |318 |00:31:29 ~-~-> 00:31:35 |of the 2016 2017 mentorship, I talked about price grading, and then I talked
320 |319 |00:31:35 ~-~-> 00:31:41 |about how in the upper quadrant there is less degree of precision, because it's
321 |320 |00:31:41 ~-~-> 00:31:46 |going to be more inclined to run and rip towards to if it's bullish, it's going
322 |321 |00:31:46 ~-~-> 00:31:50 |to just kind of leave that range and keep going, or at least clear the high
323 |322 |00:31:50 ~-~-> 00:31:54 |of that range, and that high being the overnight range, market trades back
324 |323 |00:31:54 ~-~-> 00:31:58 |down, doesn't take out that low, doesn't trade back down to the middle of the
325 |324 |00:31:58 ~-~-> 00:32:02 |overnight range, and consolidates roughly in here, and then reaching
326 |325 |00:32:02 ~-~-> 00:32:08 |again, still higher. We're in an upper quadrant of what that daily city. What's
327 |326 |00:32:08 ~-~-> 00:32:14 |above this? We have Monday's, october 14, daily high. So there's going to be
328 |327 |00:32:14 ~-~-> 00:32:18 |buy side resting above that. So if it gonna, if it's gonna go higher, it's
329 |328 |00:32:18 ~-~-> 00:32:23 |gonna want to reach into this level. If continuing, sticking with the higher
330 |329 |00:32:23 ~-~-> 00:32:27 |Time Frame election year bias it would likely draw if it's going to be a
331 |330 |00:32:27 ~-~-> 00:32:32 |perfect world, in a perfect world where there's redelivery that price right
332 |331 |00:32:32 ~-~-> 00:32:38 |there is where that daily cities high is. So to deliver back up to that price
333 |332 |00:32:38 ~-~-> 00:32:43 |level, would at least afford that old daily Sibi to be rebalanced. It doesn't
334 |333 |00:32:43 ~-~-> 00:32:46 |rebalance simply because it trades there. It needs to leave the range
335 |334 |00:32:46 ~-~-> 00:32:51 |higher or lower, respectively. Just Just going back to this level here is just
336 |335 |00:32:51 ~-~-> 00:32:55 |simply redelivery that's not rebalanced. All right. So give me a second here.
337 |336 |00:32:56 ~-~-> 00:32:59 |These little girls are getting too rambunctious, and then I'm starting to
338 |337 |00:32:59 ~-~-> 00:33:07 |distract me, so bear with me One second. Okay, this stuff is amazing for being
339 |338 |00:33:07 ~-~-> 00:33:07 |through
340 |339 |00:33:20 ~-~-> 00:33:45 |I had to steal a drink too, spring water, baby. I don't drink alcohol. I
341 |340 |00:33:45 ~-~-> 00:33:52 |get high on life, alright? So you can see how sloppy and this organ
342 |341 |00:33:53 ~-~-> 00:33:57 |disorganized It is thus far. So that's why I said we're going to wait till 10
343 |342 |00:33:57 ~-~-> 00:34:01 |o'clock and we'll see what we get there. In regards to the next price run higher
344 |343 |00:34:01 ~-~-> 00:34:07 |or lower. But I want you to think about how you can use the overnight range
345 |344 |00:34:07 ~-~-> 00:34:14 |defined by 1201 midnight, New York, local town, and then the 5am Well, 459
346 |345 |00:34:14 ~-~-> 00:34:20 |rather defining your chart like that and then getting the range measurements from
347 |346 |00:34:20 ~-~-> 00:34:27 |the high, the upper quadrant, the middle or equilibrium, the lower quadrant, and
348 |347 |00:34:27 ~-~-> 00:34:31 |the actual low. And then when we start and we transition, this is the this is
349 |348 |00:34:31 ~-~-> 00:34:34 |the price skipped over because I'm being distracted by my dogs. I apologize for
350 |349 |00:34:34 ~-~-> 00:34:37 |that, but yes, it's what you get when you get it for free, right? You're gonna
351 |350 |00:34:37 ~-~-> 00:34:43 |have to be a little bit more patient and not have a entitlement mindset, because
352 |351 |00:34:43 ~-~-> 00:34:46 |some of you guys are leaving comments are just a little too rude and
353 |352 |00:34:47 ~-~-> 00:34:51 |demanding, and I'm just want to remind you that I'm doing this for for free,
354 |353 |00:34:51 ~-~-> 00:34:55 |and because I like doing it, not because I'm obligated to. So at six o'clock, we
355 |354 |00:34:55 ~-~-> 00:35:01 |change over, and that's yet your pre market. So at 6am York local time to
356 |355 |00:35:01 ~-~-> 00:35:15 |listen now to 933 there. This is all pre market session. There's so much
357 |356 |00:35:15 ~-~-> 00:35:19 |opportunity inside of that range. And you never need to trade the opening
358 |357 |00:35:19 ~-~-> 00:35:22 |bell. You never need to trade the morning session. You never need to trade
359 |358 |00:35:22 ~-~-> 00:35:25 |the launch macro. You never need to trade a pm session. You never need to
360 |359 |00:35:25 ~-~-> 00:35:30 |trade the last hour. Trading. If you have a job that requires you to be at
361 |360 |00:35:30 ~-~-> 00:35:33 |work, or you run a business where you go to university, or if you're just simply
362 |361 |00:35:33 ~-~-> 00:35:38 |in a different time zone and you can afford to use this area of price action,
363 |362 |00:35:39 ~-~-> 00:35:43 |you don't need to do anything else. Man, you don't need to do anything else.
364 |363 |00:35:43 ~-~-> 00:35:48 |It's, it's ample it's it gives you plenty of opportunity, plenty of it.
365 |364 |00:35:48 ~-~-> 00:35:50 |Now, does that mean every single day you're going to find a winning trade
366 |365 |00:35:50 ~-~-> 00:35:53 |there? Absolutely not. I can't guarantee that. I can't guarantee that you're
367 |366 |00:35:53 ~-~-> 00:35:56 |going to have the prowess or the skill set they make even one winning trade,
368 |367 |00:35:56 ~-~-> 00:35:59 |because so many of my students, they watch a video, and they're in a rush to
369 |368 |00:35:59 ~-~-> 00:36:03 |try to go out there and use it right away, try to pass a combine, try to get
370 |369 |00:36:03 ~-~-> 00:36:08 |a payout, whatever you want to, kind of like defer that and study the things I'm
371 |370 |00:36:08 ~-~-> 00:36:14 |teaching you here are very, very top tier time aspects to what the algorithm
372 |371 |00:36:14 ~-~-> 00:36:22 |will refer to, and it's dependent on You understanding whether the market is in a
373 |372 |00:36:22 ~-~-> 00:36:26 |protraction, protracted state, that means it's trending. It's going in one
374 |373 |00:36:26 ~-~-> 00:36:30 |direction overnight. If it's doing that, you cannot use what I just showed you
375 |374 |00:36:30 ~-~-> 00:36:33 |here today. So what does that mean? You're going to see this actually get
376 |375 |00:36:33 ~-~-> 00:36:38 |used more times than when it's trending. So this is a kind of like a an MO in the
377 |376 |00:36:38 ~-~-> 00:36:45 |morning, where I generally will refer to what the overnight range was. I'll grade
378 |377 |00:36:45 ~-~-> 00:36:49 |that price swing, and all I have to do is determine if I'm bullish or bearish.
379 |378 |00:36:49 ~-~-> 00:36:52 |If I'm bullish, then I'm going to be looking for every one of these gradient
380 |379 |00:36:52 ~-~-> 00:36:58 |levels prior to the 6am pre market trading session. I'm going to look at
381 |380 |00:36:58 ~-~-> 00:37:03 |those ranges, or the level. Rather, this is the low, the lower quadrant,
382 |381 |00:37:03 ~-~-> 00:37:11 |equilibrium, upper quadrant and the high, respectively. Based on 1201, to
383 |382 |00:37:11 ~-~-> 00:37:16 |5am that's easy stuff, folks. It's really, really easy. Now, what do you
384 |383 |00:37:16 ~-~-> 00:37:21 |think would happen if we were bearish and what we were watching this morning,
385 |384 |00:37:21 ~-~-> 00:37:26 |or what we expecting this morning, we would be looking for PD arrays to form
386 |385 |00:37:26 ~-~-> 00:37:31 |just above these respective levels to offer us some kind of a shorting
387 |386 |00:37:31 ~-~-> 00:37:36 |opportunity. You see how easy that is. It's very easy. It's not complicated.
388 |387 |00:37:36 ~-~-> 00:37:39 |It's not complex. There's not a lot of moving parts. You don't need to know
389 |388 |00:37:39 ~-~-> 00:37:43 |what order block it is. You don't need to know what macro it is. Every macro,
390 |389 |00:37:44 ~-~-> 00:37:48 |every macro, every 10 minute to the top of the hour, to 10 minutes after the top
391 |390 |00:37:48 ~-~-> 00:37:55 |of the hour, okay. How many do you have? You have 556, 10 that's one, 657, 10
392 |391 |00:37:55 ~-~-> 00:38:02 |that's two, 758, 10 that's three, 859, 10 that's four. You have four
393 |392 |00:38:02 ~-~-> 00:38:07 |opportunities, plus you got the 830 algo, where it comes online and starts
394 |393 |00:38:07 ~-~-> 00:38:12 |running at 830 so you have five opportunities in pre market. It's the
395 |394 |00:38:12 ~-~-> 00:38:17 |equivalent of the same thing you get in the last hour of trading. You think
396 |395 |00:38:17 ~-~-> 00:38:22 |that's coincidental? No, it's absolutely not. It's all coded. It's all scripted.
397 |396 |00:38:22 ~-~-> 00:38:26 |All these things that you're watching in price action, and you're you're flipping
398 |397 |00:38:26 ~-~-> 00:38:29 |out, like, Why did it do this? Let me write down, I gotta send a comment to
399 |398 |00:38:29 ~-~-> 00:38:33 |ICT. Why did this fair value gap work? But this didn't. I'm showing you that.
400 |399 |00:38:33 ~-~-> 00:38:38 |I'm teaching you that, but you have to see other things to understand and
401 |400 |00:38:38 ~-~-> 00:38:41 |appreciate me pointing to that, that fair value gap. What makes this fair
402 |401 |00:38:41 ~-~-> 00:38:46 |value gap good? It's below equilibrium. It's in close proximity, but it's at a
403 |402 |00:38:46 ~-~-> 00:38:50 |discount relative to that equilibrium price point. That this little purple
404 |403 |00:38:50 ~-~-> 00:38:54 |line right here, I'm on real time. You're never going to be able to see
405 |404 |00:38:54 ~-~-> 00:38:57 |them on the hard right edge. It won't ever happen for you, it won't ever
406 |405 |00:38:57 ~-~-> 00:39:03 |happen. But you'll complain, and you'll say this stuff doesn't work, but you
407 |406 |00:39:03 ~-~-> 00:39:07 |didn't win Robins, but you didn't do this, but you didn't do that. Oh, but
408 |407 |00:39:07 ~-~-> 00:39:13 |I'm out here telling you exactly how to do it. Come on, man, you guys are making
409 |408 |00:39:13 ~-~-> 00:39:22 |it too easy. So here is our focus for the 10 o'clock hour, going into 1030 I
410 |409 |00:39:22 ~-~-> 00:39:26 |have to budget my time, because I'm going to need about five minutes to
411 |410 |00:39:26 ~-~-> 00:39:32 |review yesterday's trades with you, and then we'll close it at 1030 so we are
412 |411 |00:39:32 ~-~-> 00:39:45 |looking At a abysmal opening range. We have buy side, here, here, here, and
413 |412 |00:39:46 ~-~-> 00:39:52 |then we have the Monday, October 14. We had a really anemic, that means weak,
414 |413 |00:39:52 ~-~-> 00:39:58 |very lackluster, opening gap. What did I teach in the mentorship for 2024 here?
415 |414 |00:39:58 ~-~-> 00:40:06 |I. If it's a small gap that is indicative of what of rather crummy, low
416 |415 |00:40:06 ~-~-> 00:40:13 |impact, very lackluster, not exciting, not an easy run from entry to target
417 |416 |00:40:13 ~-~-> 00:40:22 |morning session. So my best advice for you, okay, this is what I'm telling my
418 |417 |00:40:22 ~-~-> 00:40:27 |son. You all can do what you want to do, but I'm telling my son, Caleb, and all
419 |418 |00:40:27 ~-~-> 00:40:33 |the other boys that I have that are watching I'm sure the the absence of a
420 |419 |00:40:33 ~-~-> 00:40:41 |significant gap, okay, an absence of a gap of like, 4550 handles, I like, I
421 |420 |00:40:41 ~-~-> 00:40:46 |like that. Okay, that like, that's a minimum threshold for me, but I prefer
422 |421 |00:40:46 ~-~-> 00:40:51 |75 handles. That's what I'm looking for. If you want to know that the morning
423 |422 |00:40:51 ~-~-> 00:40:55 |session that I'm absolutely going in there and going right in there at the
424 |423 |00:40:55 ~-~-> 00:40:59 |opening soon as opening bell happens and we get our first print, I'm not even
425 |424 |00:40:59 ~-~-> 00:41:02 |going to wait for the first fair value gap. That's just a model for my son,
426 |425 |00:41:02 ~-~-> 00:41:07 |Caleb. I don't need that. I'm going to trade with 70% likelihood that it's
427 |426 |00:41:07 ~-~-> 00:41:12 |going to go back to half the gap. If it's 75 handles or more, I'm going in
428 |427 |00:41:12 ~-~-> 00:41:20 |there right away. That's what I'm I'm looking for reasons to do that. But what
429 |428 |00:41:20 ~-~-> 00:41:27 |can we do if the gap is so small and it's it's anemic? In other words, here's
430 |429 |00:41:27 ~-~-> 00:41:32 |where we here's where we settle. That yesterday at 4:14pm, that opening, I'm
431 |430 |00:41:32 ~-~-> 00:41:40 |sorry, that closing price there, and then we opened up here. So if we, if we
432 |431 |00:41:41 ~-~-> 00:41:50 |look at like this, we have 20,006 31 and three quarters is your opening price,
433 |432 |00:41:50 ~-~-> 00:41:59 |and then you have the settlement price. Previous day settlement at six, 12.75
434 |433 |00:42:02 ~-~-> 00:42:09 |like that's, it's, it's weak. Like, that's weak. That's like Patrick
435 |434 |00:42:09 ~-~-> 00:42:13 |Whelan's, course, it's weak. You can't, you can't really do anything with that.
436 |435 |00:42:13 ~-~-> 00:42:17 |So you have to do what. You have to expect more information. You have to sit
437 |436 |00:42:17 ~-~-> 00:42:22 |still. Just sit still. What do you wait for? You wait till 10 o'clock. You work
438 |437 |00:42:22 ~-~-> 00:42:27 |inside that 10 o'clock to 11 o'clock, silver bullet. You wait for your very
439 |438 |00:42:28 ~-~-> 00:42:33 |value form, look for liquidity. And if it doesn't give it to you based on your
440 |439 |00:42:33 ~-~-> 00:42:38 |your bias, or if it doesn't give it to you in a clear, obvious way, then you do
441 |440 |00:42:38 ~-~-> 00:42:43 |nothing. Why? Because you were warned ahead of time. There was very little bit
442 |441 |00:42:43 ~-~-> 00:42:48 |of excitement or displacement, right? The opening bell, your, your opening
443 |442 |00:42:48 ~-~-> 00:42:54 |price, right? There is so small into where we closed at 414, there has, there
444 |443 |00:42:54 ~-~-> 00:43:00 |has been no excitement created by that gap. So that means that we can have,
445 |444 |00:43:00 ~-~-> 00:43:06 |what a 5050, delivery in the morning session. So what does that mean for you
446 |445 |00:43:06 ~-~-> 00:43:10 |as a day trader, that you have a little bit more time available to you, and you
447 |446 |00:43:10 ~-~-> 00:43:14 |could trade the lunch macro, or you could trade the pm session, or you could
448 |447 |00:43:14 ~-~-> 00:43:17 |trade the last hour trading. That means that that's what you would defer your
449 |448 |00:43:17 ~-~-> 00:43:23 |trading to. You would simply just go, Okay, I'm gonna go and completely remove
450 |449 |00:43:23 ~-~-> 00:43:27 |myself from the charts this morning, and I'll come back at 130 I'll watch the
451 |450 |00:43:27 ~-~-> 00:43:30 |first 30 minutes going into two o'clock, and then I'll trade the pm session, or
452 |451 |00:43:30 ~-~-> 00:43:34 |I'm just gonna let it do whatever it wants to do until 245 and then I'll sit
453 |452 |00:43:34 ~-~-> 00:43:38 |down, get a view for what it's likely setting up. And then I'll trade the last
454 |453 |00:43:38 ~-~-> 00:43:39 |hour trading,
455 |454 |00:43:40 ~-~-> 00:43:49 |see how easy that is? It's easy to find to manage your time, to schedule your
456 |455 |00:43:49 ~-~-> 00:43:52 |participation in the marketplace versus I got to get in front of the charts.
457 |456 |00:43:53 ~-~-> 00:43:58 |I've got to push the button. I have to do something. Because what? Well, I have
458 |457 |00:43:58 ~-~-> 00:44:01 |to, that's what the traders do. We have to get out here and push the button and
459 |458 |00:44:01 ~-~-> 00:44:05 |just figure out what happens afterwards? F, A, F, O, right. Well, you don't want
460 |459 |00:44:05 ~-~-> 00:44:09 |to do that as a trader. That's gambling. You're gambling. Just because the
461 |460 |00:44:09 ~-~-> 00:44:13 |markets are printing and open doesn't mean it's time for you to trade.
462 |461 |00:44:13 ~-~-> 00:44:16 |Professionals are not in here looking for every excuse to do something.
463 |462 |00:44:16 ~-~-> 00:44:21 |They're looking for the best, choicest setups. If they don't submit themselves
464 |463 |00:44:21 ~-~-> 00:44:24 |to that. Are they following their model? No? Are they gambling? Yes. Are they
465 |464 |00:44:24 ~-~-> 00:44:30 |being impulsive and emotional? Most likely, and that's exactly what you want
466 |465 |00:44:30 ~-~-> 00:44:34 |to avoid doing. You don't want to do any of those things in this mentorship in
467 |466 |00:44:34 ~-~-> 00:44:39 |2024 I've taught you how to sit still more than any other educator out there,
468 |467 |00:44:40 ~-~-> 00:44:45 |and it's based on sound logic that things that repeat, that tell you to sit
469 |468 |00:44:45 ~-~-> 00:44:49 |still. It ain't worth the risk sit still. It ain't worth time or the
470 |469 |00:44:49 ~-~-> 00:44:52 |investment. The stops are going to be hit. Most likely, your risk is going to
471 |470 |00:44:52 ~-~-> 00:44:59 |be larger. The direction becomes 5050, during a very specific session, this
472 |471 |00:44:59 ~-~-> 00:45:07 |one, if. The gap is small, if it's anemic, that means sit still, sit still.
473 |472 |00:45:07 ~-~-> 00:45:14 |Nothing forces you to get in there and trade it period. Remember this cell side
474 |473 |00:45:14 ~-~-> 00:45:21 |right here? Let me get these lines off here, because that's not, no, I'm doing
475 |474 |00:45:21 ~-~-> 00:45:25 |this drawing attention to those prices, which we all necessarily need now.
476 |475 |00:45:40 ~-~-> 00:45:45 |Now, I personally would like to see the market create the clothes on this
477 |476 |00:45:45 ~-~-> 00:45:49 |candlestick here, come back up, trade into this fair value gap, and then come
478 |477 |00:45:49 ~-~-> 00:45:59 |down and take the sell side. That's what I would like to see. For some of you
479 |478 |00:45:59 ~-~-> 00:46:01 |just already went short because I pointed that sell side again. Now you're
480 |479 |00:46:01 ~-~-> 00:46:04 |thinking, please don't retrace back up there. Now, please don't
481 |480 |00:46:22 ~-~-> 00:46:28 |we're looking at River trading hours, by the way. And at 594 and a quarter is
482 |481 |00:46:30 ~-~-> 00:46:35 |yesterday's afternoon that start up the pm session. Notice that 132 o'clock,
483 |482 |00:46:36 ~-~-> 00:46:44 |that is a very repeating level of liquidity. When you look for your
484 |483 |00:46:44 ~-~-> 00:46:50 |session highs and lows, you want to look at between 130 and two o'clock for your
485 |484 |00:46:50 ~-~-> 00:46:54 |Pm session. And you want to do that in the previous day and the day before
486 |485 |00:46:54 ~-~-> 00:46:57 |that. So for the last three days, you always want to look at the pm session
487 |486 |00:46:57 ~-~-> 00:47:02 |highs and pm session lows. But you also want to start looking at whatever has
488 |487 |00:47:02 ~-~-> 00:47:07 |formed at the beginning of 132 o'clock. That's that opening range going into the
489 |488 |00:47:07 ~-~-> 00:47:13 |pm session. So because that time window, that 30 minute interval, is synonymous
490 |489 |00:47:13 ~-~-> 00:47:19 |with setting up the direction the liquidity, where the initial liquidity
491 |490 |00:47:19 ~-~-> 00:47:23 |would be. And here you can see they created those relative equal lows, and
492 |491 |00:47:23 ~-~-> 00:47:27 |then they rallied all the way up in the afternoon. Now we're getting ready to
493 |492 |00:47:27 ~-~-> 00:47:32 |pierce underneath that. And it's because that that liquidity is a constant. It's
494 |493 |00:47:32 ~-~-> 00:47:36 |it's something that you can go back to on a time based principle. It's not
495 |494 |00:47:36 ~-~-> 00:47:39 |something random, it's not something ambiguous, it's not something that
496 |495 |00:47:39 ~-~-> 00:47:43 |constantly morphs into something else that you can't trust them or trust and
497 |496 |00:47:43 ~-~-> 00:47:48 |rely on. It's a very static thing, like 830 is just like 930 is just like 930 to
498 |497 |00:47:48 ~-~-> 00:47:52 |10 o'clock is there are very specific elements of time. So because that time
499 |498 |00:47:52 ~-~-> 00:47:59 |aspect is it's finite, it's not it's not changing, it's something that will
500 |499 |00:47:59 ~-~-> 00:48:05 |always be a factor for the algorithm. So just know that between 130 and two
501 |500 |00:48:05 ~-~-> 00:48:10 |o'clock, whatever has formed at that 30 minute interval above or below it,
502 |501 |00:48:10 ~-~-> 00:48:13 |there's going to be liquidity there. And if the market is likely to draw back
503 |502 |00:48:13 ~-~-> 00:48:18 |into it, and you saw it again here today, if it's likely to do that, see
504 |503 |00:48:18 ~-~-> 00:48:26 |these two lows here. She's trying to get out of that kind of wing. She this guy
505 |504 |00:48:27 ~-~-> 00:48:32 |lets his dogs make all this noise, and I'm trying to, I'm trying to record all
506 |505 |00:48:32 ~-~-> 00:48:32 |this stuff.
507 |506 |00:48:39 ~-~-> 00:48:40 |Let's go back to electronic trading hours.
508 |507 |00:48:51 ~-~-> 00:49:03 |So upper quadrant on the daily Sibi, see that we're breaking down into the these
509 |508 |00:49:03 ~-~-> 00:49:13 |lows over here, the liquidity and linear as well. And if we lose the overnight
510 |509 |00:49:13 ~-~-> 00:49:22 |low, which is this level down here, then it becomes a lot More significant for
511 |510 |00:49:22 ~-~-> 00:49:23 |the morning session. Hang
512 |511 |00:49:42 ~-~-> 00:49:43 |on one second. Thank.
513 |512 |00:50:27 ~-~-> 00:50:35 |I had to trick Piper. She wouldn't go in her kennel unless I give her a treat. So
514 |513 |00:50:35 ~-~-> 00:50:39 |we came down below here, and now we want to look at the overnight Lows. I
515 |514 |00:50:52 ~-~-> 00:50:53 |And here we come,
516 |515 |00:51:02 ~-~-> 00:51:10 |just like that. So when we're looking for morning session runs, price runs,
517 |516 |00:51:12 ~-~-> 00:51:16 |unless we've had a protracted market delivery overnight, that means where,
518 |517 |00:51:16 ~-~-> 00:51:19 |and you've, you've asked me this a couple weeks ago, where we had the Asian
519 |518 |00:51:19 ~-~-> 00:51:25 |session just, it just started right away and started running one direction, this
520 |519 |00:51:25 ~-~-> 00:51:30 |concept of using the overnight range, because it wouldn't be part of a
521 |520 |00:51:30 ~-~-> 00:51:33 |consolidation, then it would be a market for attraction, and that means the
522 |521 |00:51:33 ~-~-> 00:51:38 |market's trending. You don't want to do that. You don't want to measure that and
523 |522 |00:51:38 ~-~-> 00:51:42 |expect these levels to have any kind of importance if it's part of anything
524 |523 |00:51:42 ~-~-> 00:51:47 |other than that, then it's part of a consolidation. So it's a lot more likely
525 |524 |00:51:47 ~-~-> 00:51:52 |that it's going to form using these types of ideas than without it, meaning
526 |525 |00:51:52 ~-~-> 00:51:55 |that you can use this idea, of this concept, because I do it every single
527 |526 |00:51:55 ~-~-> 00:52:01 |day, if there is not been an overnight trend, and I go in and I measure where
528 |527 |00:52:01 ~-~-> 00:52:06 |my PD arrays should likely form around price. Then I simply submit myself to
529 |528 |00:52:06 ~-~-> 00:52:11 |the aspect of time I know that the macro is going to be this, this, this, this,
530 |529 |00:52:11 ~-~-> 00:52:16 |every 20 minutes of each hour. It's the first 10 minutes before the top of the
531 |530 |00:52:16 ~-~-> 00:52:21 |hour. Or, let me say it this way, it's the last 10 minutes of the existing
532 |531 |00:52:21 ~-~-> 00:52:26 |present hour to the new top of the new hour to 10 minutes after that new hour.
533 |532 |00:52:26 ~-~-> 00:52:32 |So it's whatever hour it is, 50 minutes after that hour to 10 minutes after the
534 |533 |00:52:32 ~-~-> 00:52:37 |new hour. So it's always that 20 minute interval there. There's always some kind
535 |534 |00:52:37 ~-~-> 00:52:41 |of price run where it's spoiling for liquidity or reaching into an
536 |535 |00:52:41 ~-~-> 00:52:48 |inefficiency, these macros are more sensitive because they're more prone to
537 |536 |00:52:48 ~-~-> 00:52:52 |deliver price because of the increased measure of order flow that's coming in.
538 |537 |00:52:53 ~-~-> 00:52:58 |And it's used to facilitate that, where it graduates their introduction to the
539 |538 |00:52:58 ~-~-> 00:53:03 |marketplace, where large institutions, large firms, large insurance companies,
540 |539 |00:53:04 ~-~-> 00:53:09 |large entities. They have big, big blocks of orders they have to push
541 |540 |00:53:09 ~-~-> 00:53:12 |through the marketplace. They're not going out there and just throwing them
542 |541 |00:53:12 ~-~-> 00:53:17 |all in one time. They're easing them in. They're easing them in, and a dealer
543 |542 |00:53:17 ~-~-> 00:53:21 |will facilitate that for them, who's clearing their trades for them, and they
544 |543 |00:53:21 ~-~-> 00:53:27 |will push them through at appropriate times. Sometimes those times may be
545 |544 |00:53:27 ~-~-> 00:53:32 |appropriate more so for the dealer. So that way they can, they can make an in
546 |545 |00:53:32 ~-~-> 00:53:39 |house book and use that, that threshold that this entity has said, Look, I would
547 |546 |00:53:39 ~-~-> 00:53:44 |like to make a purchase of this, whatever or I would like to sell or
548 |547 |00:53:44 ~-~-> 00:53:50 |distribute this, but I want, you know, try to get an average price of this much
549 |548 |00:53:50 ~-~-> 00:53:56 |or better. So that function that's existing without you realizing it,
550 |549 |00:53:56 ~-~-> 00:53:58 |without you knowing it, because you're looking at charts, patterns and things
551 |550 |00:53:58 ~-~-> 00:54:01 |like that, you don't understand what the actual financial markets are doing and
552 |551 |00:54:01 ~-~-> 00:54:08 |how they facilitate trade on a large scale. They use these macros to shove
553 |552 |00:54:08 ~-~-> 00:54:12 |that liquidity through the marketplace. That's why they're there. That's why
554 |553 |00:54:12 ~-~-> 00:54:16 |that happens. That's the function of what they're doing. So it's kind of like
555 |554 |00:54:16 ~-~-> 00:54:21 |a built in mechanism to allow and afford large entities, which you're not, I'm
556 |555 |00:54:21 ~-~-> 00:54:27 |not, and it allows them at every hour, because people are watching how much
557 |556 |00:54:27 ~-~-> 00:54:30 |time they got left in the trading day. How much time does it take between where
558 |557 |00:54:30 ~-~-> 00:54:34 |I'm looking at it right now and when the opening bell happens? The whole time the
559 |558 |00:54:34 ~-~-> 00:54:40 |market is being pushed through this aspect of time, and you can only get so
560 |559 |00:54:40 ~-~-> 00:54:47 |many orders through during a small window time. And because of that, it has
561 |560 |00:54:47 ~-~-> 00:54:51 |to happen around a specific price level. For these large entities, they just
562 |561 |00:54:51 ~-~-> 00:54:55 |can't go in there and just buy it at the market because they feel like it's gonna
563 |562 |00:54:55 ~-~-> 00:55:00 |go higher. They have to go in in measured, appropriated, static. Weird
564 |563 |00:55:00 ~-~-> 00:55:05 |movements. Otherwise they're never going to get efficient fills. They're never
565 |564 |00:55:05 ~-~-> 00:55:09 |going to get efficient executions, because they're trying to get an average
566 |565 |00:55:09 ~-~-> 00:55:15 |cost price that's appropriate for them, for their risk model, or for whatever
567 |566 |00:55:15 ~-~-> 00:55:18 |their customer needs are, why they're going into the marketplace to do
568 |567 |00:55:18 ~-~-> 00:55:24 |anything, whether buying or selling. So at every 60 minute interval, there's
569 |568 |00:55:24 ~-~-> 00:55:28 |this short little span of time. It's it's 20 minutes, and during that 20
570 |569 |00:55:28 ~-~-> 00:55:33 |minute time frame, they're shoving orders through. They're piping them
571 |570 |00:55:33 ~-~-> 00:55:37 |through. It's not their entire block of orders, it's just that's when they're
572 |571 |00:55:37 ~-~-> 00:55:41 |starting to push them through. Okay? They're not looking at these weird
573 |572 |00:55:41 ~-~-> 00:55:44 |numbers that I see. People always tweeting to me, oh, yeah, ICT, I see
574 |573 |00:55:44 ~-~-> 00:55:49 |you. You know, 811, nine. Well, it's nonsense. They think they figured
575 |574 |00:55:49 ~-~-> 00:55:53 |something out. I swear to God Almighty, none of that stuff has anything to do.
576 |575 |00:55:53 ~-~-> 00:55:56 |None of that stuff has anything to do with what I'm doing or what the
577 |576 |00:55:56 ~-~-> 00:56:02 |algorithm is doing. I promise you. I promise you. Okay, it has nothing to do
578 |577 |00:56:02 ~-~-> 00:56:09 |with GO Box stuff. Okay, I promise you, if you use that stuff and it's helping
579 |578 |00:56:10 ~-~-> 00:56:13 |you, God, bless you. I swear to God, it has nothing to do. There's nothing going
580 |579 |00:56:13 ~-~-> 00:56:18 |on with that information in here. Okay, I promise you, it's not happening. But
581 |580 |00:56:20 ~-~-> 00:56:26 |it's these aspects of the time element that I'm I'm forcing you to spend more
582 |581 |00:56:26 ~-~-> 00:56:32 |time looking at. And because we're leading up to the opening belt 930 every
583 |582 |00:56:32 ~-~-> 00:56:37 |hour, that creates that macro. And during the pre market session, at six
584 |583 |00:56:37 ~-~-> 00:56:42 |o'clock to 930 there is several opportunities for you to anticipate
585 |584 |00:56:42 ~-~-> 00:56:46 |where my PD arrays are going to form. You're not going to be surprised by
586 |585 |00:56:46 ~-~-> 00:56:50 |them. You're not going to be like, Where'd that come from? You're going to
587 |586 |00:56:50 ~-~-> 00:56:56 |be anticipating them, expecting them, and in relationship to your bias, where
588 |587 |00:56:56 ~-~-> 00:56:59 |it's likely to reach, to how far it's going to go, went to the upper quadrant
589 |588 |00:56:59 ~-~-> 00:57:04 |of that daily city sweeping the relative equal highs here, here and here. What
590 |589 |00:57:04 ~-~-> 00:57:14 |did they leave? What's above that my side? Do you because you see this drop
591 |590 |00:57:14 ~-~-> 00:57:18 |down in here? Do you abandon the bullishness on the daily chart? Because
592 |591 |00:57:18 ~-~-> 00:57:22 |you see that so many retail traders would so many retail traders see that
593 |592 |00:57:22 ~-~-> 00:57:27 |kind of stuff, and that's exactly how they use this type of price action. It
594 |593 |00:57:27 ~-~-> 00:57:32 |discourages them to want to be long. It discourages them to ever want to
595 |594 |00:57:32 ~-~-> 00:57:36 |consider that maybe the higher time frame, you know, just had a little
596 |595 |00:57:36 ~-~-> 00:57:40 |retracement today, and it wants to go higher for the next three weeks until we
597 |596 |00:57:40 ~-~-> 00:57:49 |get into election, knowing what you're looking at in terms of the delivery of
598 |597 |00:57:49 ~-~-> 00:57:52 |market protraction. That means, when the market's just running one direction,
599 |598 |00:57:52 ~-~-> 00:57:56 |like this would be a market protraction, for instance. It's this one sidedness,
600 |599 |00:57:56 ~-~-> 00:58:02 |but it's a very small one, because it's only been going for about what, 40
601 |600 |00:58:02 ~-~-> 00:58:10 |minutes or so, not even about a half an hour. That's a very small market
602 |601 |00:58:10 ~-~-> 00:58:16 |protraction. It's one sided, one sided delivery. If the overnight is behaving
603 |602 |00:58:16 ~-~-> 00:58:20 |that way from Asia all through London, if it's doing something like that, you
604 |603 |00:58:20 ~-~-> 00:58:23 |do not do what I showed you this morning, because it's not going to help
605 |604 |00:58:23 ~-~-> 00:58:29 |you, but I have tools for when it's dealing the protraction. Okay, I can't
606 |605 |00:58:29 ~-~-> 00:58:33 |teach it all today because it took me longer to do it. But here, when it's
607 |606 |00:58:33 ~-~-> 00:58:37 |part of a large consolidation, and there is no one sided protraction overnight,
608 |607 |00:58:37 ~-~-> 00:58:42 |and it's part of consolidation, just simply get the high and the low and then
609 |608 |00:58:42 ~-~-> 00:58:47 |grade it with the lower quadrant equilibrium. And upper quadrant stick to
610 |609 |00:58:47 ~-~-> 00:58:50 |the bias that's determined on the higher time frame we have been bullish. So it's
611 |610 |00:58:50 ~-~-> 00:58:54 |going to reach for what it's going to reach for some measure of a premium
612 |611 |00:58:54 ~-~-> 00:58:59 |array. Well, that Sibi that we looked at, that's the upper quadrant level
613 |612 |00:58:59 ~-~-> 00:59:04 |here, and it reaches into that multiple times, offering what it's like playing
614 |613 |00:59:04 ~-~-> 00:59:07 |horseshoes. You ever play horseshoes in the United States, we have a game where
615 |614 |00:59:07 ~-~-> 00:59:10 |you take these two metal poles, you pound them in the ground, and you
616 |615 |00:59:10 ~-~-> 00:59:16 |actually take horseshoes of horse. I know there's gonna be people that don't
617 |616 |00:59:16 ~-~-> 00:59:19 |know what I'm talking about. This from another language or different part of
618 |617 |00:59:19 ~-~-> 00:59:24 |the country, but basically, the metal apparatus gets a hammer on the bottom of
619 |618 |00:59:24 ~-~-> 00:59:30 |a horse's foot in its hoof. We have created this game. It's been a long,
620 |619 |00:59:30 ~-~-> 00:59:33 |long time. It's, I can't tell you how long it's been in existence, but the the
621 |620 |00:59:33 ~-~-> 00:59:37 |object of the game is to take this horseshoe and toss it at this post that
622 |621 |00:59:37 ~-~-> 00:59:41 |you nailed into the ground, and you're trying to get a ringer. It's called
623 |622 |00:59:41 ~-~-> 00:59:46 |where the horseshoe will go around the post. And that's what you're you're
624 |623 |00:59:46 ~-~-> 00:59:51 |anticipating, is you're seeing this level here, the high of the overnight
625 |624 |00:59:51 ~-~-> 00:59:57 |range, the Monday high. And then if it was to keep going up in here, that's the
626 |625 |00:59:57 ~-~-> 01:00:00 |high, the daily city. So what you're doing is with your order. Is why you're
627 |626 |01:00:00 ~-~-> 01:00:05 |long you're tossing partials into these levels, trying to secure a ringer,
628 |627 |01:00:05 ~-~-> 01:00:13 |trying to get a profitable exit. But if you don't know what you're doing with
629 |628 |01:00:13 ~-~-> 01:00:15 |finding fair value gaps,
630 |629 |01:00:16 ~-~-> 01:00:19 |this is going to help you, because it's going to give you a degree of
631 |630 |01:00:19 ~-~-> 01:00:24 |understanding a general proximity in terms of price, where it should form,
632 |631 |01:00:25 ~-~-> 01:00:30 |but how to qualify it if it's below a level from the overnight range and
633 |632 |01:00:30 ~-~-> 01:00:33 |you're bullish, that means your discount. So that means every fair value
634 |633 |01:00:33 ~-~-> 01:00:38 |gap below these gradient levels of the overnight range, that makes it a high
635 |634 |01:00:38 ~-~-> 01:00:45 |probability. High probability, not. It might work. I hope this one holds up.
636 |635 |01:00:45 ~-~-> 01:00:50 |These are the ones I'm trading on. This is the this is the ICT fair value gap
637 |636 |01:00:50 ~-~-> 01:00:53 |that I'm trading on. These are the ones where I go in there and I'll put six
638 |637 |01:00:53 ~-~-> 01:00:56 |contracts on it, runs away from it, comes back down, touches the top of it.
639 |638 |01:00:56 ~-~-> 01:01:00 |Again, I'm adding four more contracts there, and it rallies up and it goes
640 |639 |01:01:00 ~-~-> 01:01:04 |into this in here because it's below half of the move or equilibrium. It's
641 |640 |01:01:04 ~-~-> 01:01:10 |still in a discount. And it's a discount relative to this level here with that
642 |641 |01:01:10 ~-~-> 01:01:13 |fair value gap. And then I'll add more there. I'll pyramid. So what that is
643 |642 |01:01:13 ~-~-> 01:01:17 |teaching here today, I taught you how to find the right fair value gaps, how to
644 |643 |01:01:17 ~-~-> 01:01:22 |qualify and quantify them, not in ambiguous terms, very specific, finite
645 |644 |01:01:22 ~-~-> 01:01:28 |terms, based on time, how everything comes together, and it just beautifully
646 |645 |01:01:28 ~-~-> 01:01:33 |dovetails together. But there's no algorithm, right? There's no algorithm
647 |646 |01:01:34 ~-~-> 01:01:39 |in the market rallies and it reaches the clear the buy stops about here, which is
648 |647 |01:01:39 ~-~-> 01:01:44 |the overnight range. And then it doesn't just go above here by a little bit. It
649 |648 |01:01:44 ~-~-> 01:01:50 |goes above to touch that daily Sibi that sells out of bounds by sound efficiency
650 |649 |01:01:50 ~-~-> 01:01:53 |the upper quadrant, before it completely fills it in by going all the way up to
651 |650 |01:01:53 ~-~-> 01:01:57 |here. There's a lot of range still there. And then that range just was
652 |651 |01:01:57 ~-~-> 01:02:03 |increased by this, dropping down, taking out overnight lows. So my question to
653 |652 |01:02:03 ~-~-> 01:02:10 |you is this, does this make sense to you in terms of defining which fair value
654 |653 |01:02:10 ~-~-> 01:02:15 |got not? And I know there's some of you that are brand new, or just recently
655 |654 |01:02:15 ~-~-> 01:02:18 |came onto my stuff and you're thinking, i This doesn't make any sense to me. I
656 |655 |01:02:18 ~-~-> 01:02:22 |understand that it wouldn't for you because you're too new, but for the
657 |656 |01:02:22 ~-~-> 01:02:26 |folks that have been dabbling with them, studying them back, testing and looking
658 |657 |01:02:26 ~-~-> 01:02:29 |for fair value gaps. And you have asked yourself the question all the time, I
659 |658 |01:02:29 ~-~-> 01:02:33 |guarantee you have, how is he picking that fair value guy? Why is he getting
660 |659 |01:02:33 ~-~-> 01:02:37 |in there? Why is my entries taking off as soon as I get into them? That's the
661 |660 |01:02:37 ~-~-> 01:02:42 |repeating questions that come to me by my paid students. That's the same
662 |661 |01:02:42 ~-~-> 01:02:45 |questions that come to me by way of the comment section that you don't see, but
663 |662 |01:02:45 ~-~-> 01:02:50 |you can leave a comment. I can see it, but nobody else can see it, because I
664 |663 |01:02:50 ~-~-> 01:02:54 |don't want all that love fest. And yes, there's people out there saying you're a
665 |664 |01:02:54 ~-~-> 01:02:57 |fraud. You haven't done this. You haven't done that. I don't care about
666 |665 |01:02:57 ~-~-> 01:03:01 |that. What I'm showing you is the stuff that works. I'm telling you, when I pick
667 |666 |01:03:01 ~-~-> 01:03:07 |the fairbay gaps that I trade on, I'm using predominantly this right here.
668 |667 |01:03:08 ~-~-> 01:03:12 |Okay, there's other things that I do to further increase the likelihood of me
669 |668 |01:03:12 ~-~-> 01:03:18 |being correct about the Fairbank guy, but this in itself, is the easiest go to
670 |669 |01:03:18 ~-~-> 01:03:22 |strategy plan for you to be able to formulate an approach to saying, Okay, I
671 |670 |01:03:22 ~-~-> 01:03:27 |trust that the bias is bullish. I trust that the bias is bearish. Based on that
672 |671 |01:03:27 ~-~-> 01:03:32 |logic, you're simply going to use this information, as I showed here today.
673 |672 |01:03:32 ~-~-> 01:03:35 |This is not a lecture where you're going to watch it one time and you're going to
674 |673 |01:03:35 ~-~-> 01:03:38 |understand what I just said, because you're going to need to refer back to it
675 |674 |01:03:38 ~-~-> 01:03:41 |a few times. You're going to go and look at old data, and then refer back to what
676 |675 |01:03:41 ~-~-> 01:03:45 |I said here, because I guarantee what I've said here, you're going to think
677 |676 |01:03:45 ~-~-> 01:03:49 |that I've created an edited format because it went where we had the first
678 |677 |01:03:49 ~-~-> 01:03:54 |time. Because you you already have some idea in mind what you're reaching for
679 |678 |01:03:54 ~-~-> 01:03:58 |for a model, and you're trying to take every new little thing I talk about and
680 |679 |01:03:58 ~-~-> 01:04:02 |press it into that to make it click for you so you can go out there, start
681 |680 |01:04:02 ~-~-> 01:04:06 |making money. You have to try to defer that, push that aside because, just
682 |681 |01:04:06 ~-~-> 01:04:10 |because you're now learning more ideas about what makes a fair value gap valid
683 |682 |01:04:10 ~-~-> 01:04:16 |or not, what happens when that shift in sentiment changes from you're not,
684 |683 |01:04:16 ~-~-> 01:04:19 |you're not bullish for that morning session or that afternoon session
685 |684 |01:04:19 ~-~-> 01:04:29 |anymore. What do you do? Then everything that you used here on the upside becomes
686 |685 |01:04:29 ~-~-> 01:04:32 |what part of a market maker, sell model. So everything over here that would be a
687 |686 |01:04:32 ~-~-> 01:04:36 |bullish fair value gap will become an inversion, fairy back fair value gap
688 |687 |01:04:36 ~-~-> 01:04:40 |over here. Anything over here that would be an order block that would be bullish.
689 |688 |01:04:40 ~-~-> 01:04:48 |Would be a inverted, basically, it would reverse its role and characteristic as a
690 |689 |01:04:48 ~-~-> 01:04:51 |bare shoulder block. It would repeat. It would reverse its role.
691 |690 |01:04:57 ~-~-> 01:05:00 |And this is a lower quadrant one. City right here.
692 |691 |01:05:14 ~-~-> 01:05:18 |Now we have a range, like overnight range, and you define it like that.
693 |692 |01:05:19 ~-~-> 01:05:24 |Other things you can do is you can do extensions off of that and get an idea
694 |693 |01:05:24 ~-~-> 01:05:29 |how far it can go for targeting, for partials, for potential reversal
695 |694 |01:05:29 ~-~-> 01:05:36 |patterns. And what you would do is you simply take the the range the first one
696 |695 |01:05:36 ~-~-> 01:05:42 |is you always want to reach for is the negative 0.5 level, and that one's here,
697 |696 |01:05:42 ~-~-> 01:05:46 |and then negative one is one standard deviation which is done and we hit the
698 |697 |01:05:46 ~-~-> 01:05:50 |lower quadrant on that Sibi on the daily chart. Let's go back out to the daily
699 |698 |01:05:50 ~-~-> 01:05:54 |chart real quick. Let me take these off for a moment, because there'll be too
700 |699 |01:05:54 ~-~-> 01:05:56 |many lines on the chart. Otherwise I'm
701 |700 |01:06:09 ~-~-> 01:06:12 |this candlestick is the city I keep referring to on the daily chart. You can
702 |701 |01:06:12 ~-~-> 01:06:19 |see up here daily, July 17, 2024 it's a Wednesday. That singular down closed
703 |702 |01:06:19 ~-~-> 01:06:25 |candle. That's the city. This is the low of it. That candlesticks high. This is
704 |703 |01:06:25 ~-~-> 01:06:30 |the high of it. This candle sticks low, equilibrium. Lower quadrant is 20,004 89
705 |704 |01:06:31 ~-~-> 01:06:41 |the low of it is 410, even, 20,004 89 go back into a one minute chart. 49 is that
706 |705 |01:06:41 ~-~-> 01:06:48 |level right there? See that? So we traded down to and below equilibrium of
707 |706 |01:06:48 ~-~-> 01:06:55 |that daily city. And what did it do? There protraction lower, reaching down
708 |707 |01:06:55 ~-~-> 01:07:02 |to the lower quadrant. That's the low of the daily city right here. I'm
709 |708 |01:07:08 ~-~-> 01:07:12 |a little bit over my time, so let me go back to yesterday's real quick, and
710 |709 |01:07:12 ~-~-> 01:07:18 |we'll look at the think I got a chart already set up for this. Give me a
711 |710 |01:07:18 ~-~-> 01:07:22 |second, a 32nd All
712 |711 |01:07:30 ~-~-> 01:07:37 |right, so if you follow me on Twitter or X, I shared this yesterday, and I was
713 |712 |01:07:37 ~-~-> 01:07:46 |out running around with my wife, shopping again. Any excuse for her to
714 |713 |01:07:46 ~-~-> 01:07:53 |use credit cards, she's gonna jump on honey. We could save 30% if we get this
715 |714 |01:07:53 ~-~-> 01:07:57 |right here. Yeah, I tell her, I could save 100% if I don't buy it at all. We
716 |715 |01:07:57 ~-~-> 01:08:04 |don't need that stuff. But you know, that's that's wife, math, ladies, Don't
717 |716 |01:08:04 ~-~-> 01:08:09 |come at me. Okay, don't come at me. I'm just being honest. Alright, so here we
718 |717 |01:08:09 ~-~-> 01:08:17 |have the the session yesterday, okay? And Thursday, October 10, 2024, daily
719 |718 |01:08:17 ~-~-> 01:08:21 |high. So we have done what we went above it here, came back down, went below it,
720 |719 |01:08:21 ~-~-> 01:08:25 |once more, back above it, once more, below it, and then we rallied back above
721 |720 |01:08:26 ~-~-> 01:08:31 |and we're keeping what relative equal highs. We have minor buy side, and it's
722 |721 |01:08:31 ~-~-> 01:08:35 |also what it's an election year. It's bullish. The market's likely to continue
723 |722 |01:08:35 ~-~-> 01:08:39 |going higher, and we've already explored the likelihood of digging back down into
724 |723 |01:08:40 ~-~-> 01:08:44 |October 9 daily candle. That's the high of that. So look on your daily chart,
725 |724 |01:08:45 ~-~-> 01:08:52 |Thursday, October 10 of this year. Note that high, and then we drop back down
726 |725 |01:08:52 ~-~-> 01:08:55 |into a one minute chart, or in this case, it's 30 seconds. Every every
727 |726 |01:08:55 ~-~-> 01:09:01 |candlestick on this chart is 30 seconds. So what we're looking at is, I'm not,
728 |727 |01:09:01 ~-~-> 01:09:04 |I'm not trading Support Resistance, okay? Because the idea of support
729 |728 |01:09:04 ~-~-> 01:09:10 |resistance would say this, this is the daily high on October 10. We went above
730 |729 |01:09:10 ~-~-> 01:09:14 |it when it came back down. Test it right here. If we were just simply expecting
731 |730 |01:09:14 ~-~-> 01:09:19 |the old highs and lows of a previous day or previous week, then that right there
732 |731 |01:09:19 ~-~-> 01:09:23 |should have turned the market higher and started going higher. And that's what I
733 |732 |01:09:23 ~-~-> 01:09:27 |expected as a 20 year old, because the books that I read said that that's how
734 |733 |01:09:27 ~-~-> 01:09:30 |support resistance would work. They give you these perfect examples, these
735 |734 |01:09:30 ~-~-> 01:09:34 |perfect little things that would create this opportunity, a wonderful repeating
736 |735 |01:09:34 ~-~-> 01:09:37 |phenomenon, where you can go in and make all the money you'd ever want and quit
737 |736 |01:09:37 ~-~-> 01:09:42 |your job in two weeks. Okay, I had unrealistic expectations, just like all
738 |737 |01:09:42 ~-~-> 01:09:45 |of you have when you come to watch my content for the first time. So I'm not a
739 |738 |01:09:45 ~-~-> 01:09:52 |Support Resistance trader, but I do use the order flow around old highs and old
740 |739 |01:09:52 ~-~-> 01:09:59 |lows, if you are not aware of the old highs in the last week, every individual
741 |740 |01:09:59 ~-~-> 01:10:06 |day. Day. You want to know every single daily high and low of the last five days
742 |741 |01:10:06 ~-~-> 01:10:12 |and at least Friday of last week. You want to know what last week's high and
743 |742 |01:10:12 ~-~-> 01:10:16 |low was. Those levels are going to give you what I'm going to show you right
744 |743 |01:10:16 ~-~-> 01:10:19 |here. This is an endless supply of setups. Okay, I want you to sit still
745 |744 |01:10:19 ~-~-> 01:10:22 |for a second. Put time. Put down your writing instrument for a moment. Okay,
746 |745 |01:10:22 ~-~-> 01:10:31 |let me do moment. Okay, just think for a second. Think, what would it feel like
747 |746 |01:10:31 ~-~-> 01:10:38 |if you knew, not, guessed not, was influenced by me or anybody else? What
748 |747 |01:10:38 ~-~-> 01:10:44 |if you knew how to go into an endless supply of new setups that is never going
749 |748 |01:10:44 ~-~-> 01:10:49 |to hide from you. It's never going to be changed. They're not going to change
750 |749 |01:10:49 ~-~-> 01:10:53 |this, okay, this is, this is not something that they're going to change
751 |750 |01:10:53 ~-~-> 01:10:56 |the algorithm. You're never going to be able to take advantages anymore. This is
752 |751 |01:10:56 ~-~-> 01:11:00 |always going to be there, folks, okay, I want you to understand that. I want you
753 |752 |01:11:00 ~-~-> 01:11:04 |to get excited about this part. This is where you can allow your emotions to
754 |753 |01:11:04 ~-~-> 01:11:09 |come into it. I want you to feel happy and excited, because it's absolutely an
755 |754 |01:11:09 ~-~-> 01:11:17 |endless supply of setups period. It will never be exhausted, okay, if we're
756 |755 |01:11:17 ~-~-> 01:11:24 |bullish, if we're expecting higher prices by knowing the highs in the last
757 |756 |01:11:24 ~-~-> 01:11:27 |five days and at least the previous week's Friday, and then knowing the
758 |757 |01:11:27 ~-~-> 01:11:32 |previous week's high and low, you will always know where order flow is going to
759 |758 |01:11:32 ~-~-> 01:11:36 |come in, and all you have to do is wait for the displacement. And what does that
760 |759 |01:11:36 ~-~-> 01:11:40 |look like? Well, here we have the rally above the high on October 10. That's
761 |760 |01:11:40 ~-~-> 01:11:44 |this level here. Okay, if you put this on your own chart, this is why I'm I'm
762 |761 |01:11:44 ~-~-> 01:11:47 |leading parts of this stuff out. So that way, it causes you to have interactive
763 |762 |01:11:47 ~-~-> 01:11:51 |study where you have to go into your charts highlight the actual high of
764 |763 |01:11:51 ~-~-> 01:11:57 |October 10, 2024, is high. It's last Thursday. Okay, but putting that chart,
765 |764 |01:11:57 ~-~-> 01:12:01 |I'm sorry, putting that line on your chart, and then watching how price
766 |765 |01:12:01 ~-~-> 01:12:06 |gyrates above it. It comes back down. It doesn't stop there and go higher. Even
767 |766 |01:12:06 ~-~-> 01:12:09 |though it's bullish, it does not stop there and go higher. It does what it
768 |767 |01:12:09 ~-~-> 01:12:13 |digs back down into the range. That's exactly what you want to see, because
769 |768 |01:12:13 ~-~-> 01:12:18 |what that's doing is it's offering you the opportunity to study and measure its
770 |769 |01:12:18 ~-~-> 01:12:22 |willingness to go deeper into that range. Does it want to do so? No. How do
771 |770 |01:12:22 ~-~-> 01:12:25 |we know that? Because we leave that range and go back above the high of
772 |771 |01:12:25 ~-~-> 01:12:29 |October 10 again here. And then, what does it do? Do we do we buy it now
773 |772 |01:12:29 ~-~-> 01:12:34 |because it does this and touches the No. Give it an opportunity to run back down
774 |773 |01:12:34 ~-~-> 01:12:41 |in does it want to take the relative equal lows here? No, it's it's left the
775 |774 |01:12:41 ~-~-> 01:12:45 |bait here, because you're being trained to look for relative equal lows to be
776 |775 |01:12:45 ~-~-> 01:12:49 |traded to. But what happens if it doesn't do it? It's telling you what,
777 |776 |01:12:50 ~-~-> 01:12:53 |it's not likely to go lower, and if it's not likely to go lower, when you're
778 |777 |01:12:53 ~-~-> 01:12:58 |already predisposed to expect higher prices, then you're what you're in a buy
779 |778 |01:12:58 ~-~-> 01:13:03 |program. Then expect protraction higher. You see that here, the market rallies
780 |779 |01:13:03 ~-~-> 01:13:06 |back above October 10. Now are we looking for the market to come back down
781 |780 |01:13:06 ~-~-> 01:13:10 |and touch that high like support and resistance? Folks would assume, no,
782 |781 |01:13:10 ~-~-> 01:13:15 |absolutely not. What we're looking for is any inefficiency on the pass down
783 |782 |01:13:16 ~-~-> 01:13:19 |that will act as an inversion fair value gap. That's what this is right here.
784 |783 |01:13:20 ~-~-> 01:13:24 |Now, as it's dropping down, I'm looking at that fair value gap, knowing that if
785 |784 |01:13:24 ~-~-> 01:13:28 |it's really good, it won't even touch it, because we spent some time in here
786 |785 |01:13:28 ~-~-> 01:13:32 |and then left it. I'm I'm going long right in here. I'll show you the
787 |786 |01:13:32 ~-~-> 01:13:36 |executions in a moment. Okay, and then the market rallies up, and it leaves
788 |787 |01:13:36 ~-~-> 01:13:39 |these relative equal highs. And I'm noting in the video that you can watch
789 |788 |01:13:39 ~-~-> 01:13:46 |on Twitter, I'm noting these volume imbalances. Volume imbalances are the
790 |789 |01:13:46 ~-~-> 01:13:51 |most flexible, or it's the PD array of my repertoire that you as the analyst,
791 |790 |01:13:51 ~-~-> 01:13:55 |you as the trader, you as the implementer behind pushing a button. If
792 |791 |01:13:55 ~-~-> 01:14:02 |you ever decide to do that, you're going to see price go through these types of
793 |792 |01:14:02 ~-~-> 01:14:07 |things. Okay? Because it's a measurement of a willingness to see the price
794 |793 |01:14:07 ~-~-> 01:14:11 |sustain and run high or low. It can be used as an entry. It can be used as a
795 |794 |01:14:11 ~-~-> 01:14:16 |partial. It can be used as managing your stop loss. But I like looking for these
796 |795 |01:14:16 ~-~-> 01:14:20 |little, tiny pockets and price action. And it's basically the the absence. If
797 |796 |01:14:20 ~-~-> 01:14:26 |you look real close, it's the absence between this candlesticks body or open
798 |797 |01:14:26 ~-~-> 01:14:32 |and this candlesticks close, there is a wick touching, but there's no bodies
799 |798 |01:14:32 ~-~-> 01:14:35 |there. That's what I'm highlighting in that video. It's got a little music
800 |799 |01:14:36 ~-~-> 01:14:40 |track added to it on Twitter. Same thing here. Small, little separation between
801 |800 |01:14:40 ~-~-> 01:14:44 |the candlesticks bodies, there's one in here, but I'm not worried about that
802 |801 |01:14:44 ~-~-> 01:14:47 |one, because I've framed one here, and I frame one here, and I'm watching how
803 |802 |01:14:47 ~-~-> 01:14:51 |price behaves. But then this fair value gap, which is what I was aiming as I
804 |803 |01:14:51 ~-~-> 01:14:56 |entered the first time and added multiple entries on, then when it
805 |804 |01:14:56 ~-~-> 01:15:00 |dropped down in here, and it closed that initially right to that low. So. I fired
806 |805 |01:15:00 ~-~-> 01:15:03 |it in there again, but I had already typed out that the launch time is now. I
807 |806 |01:15:03 ~-~-> 01:15:07 |said, at 830 the market's going to spool higher. Go watch that recording. You'll
808 |807 |01:15:07 ~-~-> 01:15:12 |see every annotation just as I typed it. Then everything here is exactly how I
809 |808 |01:15:12 ~-~-> 01:15:17 |left it when I recorded that live execution, but I timed it and told you
810 |809 |01:15:17 ~-~-> 01:15:22 |very specifically the launch time is now. Why? How did I know that? How did I
811 |810 |01:15:22 ~-~-> 01:15:27 |know that was going to happen? Because at 830 if I'm bullish, I want to see the
812 |811 |01:15:27 ~-~-> 01:15:32 |price drop down to a discount array that's this fair value gap. It could
813 |812 |01:15:32 ~-~-> 01:15:37 |have went down and touched this inversion fair value gap, and it would
814 |813 |01:15:37 ~-~-> 01:15:40 |have been fine. It would not have it would not have changed anything. But
815 |814 |01:15:40 ~-~-> 01:15:45 |because it didn't touch it here, and it created this fair value gap, and it
816 |815 |01:15:45 ~-~-> 01:15:49 |already started to run up and left these relative equal highs. I know it's just
817 |816 |01:15:49 ~-~-> 01:15:54 |coming back down in here to redeliver into here. That's why you'll see when
818 |817 |01:15:54 ~-~-> 01:15:57 |I'm adding the executions on the chart, you'll see that that's where I fired in
819 |818 |01:15:57 ~-~-> 01:16:02 |and added my last portion. And I already anticipated by saying that the launch
820 |819 |01:16:02 ~-~-> 01:16:06 |time is now hits. It stops the tick and starts to rally up. And then I'm
821 |820 |01:16:06 ~-~-> 01:16:11 |watching do these volume imbalances support price. It trades up to it. Look
822 |821 |01:16:11 ~-~-> 01:16:15 |at the bodies you're respecting. It then comes back down. Look at the bodies. See
823 |822 |01:16:15 ~-~-> 01:16:19 |that? See you're see the assholes and asshats. They're watching these wicks.
824 |823 |01:16:19 ~-~-> 01:16:22 |And they're looking at this. Look at this stuff. It doesn't have any rhyme or
825 |824 |01:16:22 ~-~-> 01:16:25 |reason why. Reason. What's going on. You're a fucking clown. Look real close.
826 |825 |01:16:25 ~-~-> 01:16:29 |You see the bodies. See what those bodies are telling you. It's respecting
827 |826 |01:16:29 ~-~-> 01:16:33 |that inefficiency right there between these two candlestick bodies. That's
828 |827 |01:16:33 ~-~-> 01:16:38 |exactly what I'm watching. That's algorithmic price delivery. That's the
829 |828 |01:16:38 ~-~-> 01:16:44 |very thing that I'm looking for, and if price runs away from that, then I know
830 |829 |01:16:44 ~-~-> 01:16:48 |that if I wanted to, I could add more when it's inside that little volume
831 |830 |01:16:48 ~-~-> 01:16:52 |imbalance there, and add more to it and then rally up. Or I could take this drop
832 |831 |01:16:52 ~-~-> 01:16:56 |down in here and trade this inefficiency or fair value gap. And that could have
833 |832 |01:16:56 ~-~-> 01:17:02 |been an entry. Why? Because this volume imbalance is here, and I'm trading in a
834 |833 |01:17:02 ~-~-> 01:17:05 |fair value gap that's below that volume of balance. That means when a discount
835 |834 |01:17:05 ~-~-> 01:17:10 |throwing a market that's bullish after the algorithm starts firing at 830 and
836 |835 |01:17:10 ~-~-> 01:17:10 |then
837 |836 |01:17:11 ~-~-> 01:17:15 |volume and balance right there. I was going to annotate that, but I had missed
838 |837 |01:17:15 ~-~-> 01:17:18 |it because I was looking at my dogs at the time, and I didn't want to go and
839 |838 |01:17:18 ~-~-> 01:17:21 |add anything to it. But anyone watching that trade just as well as you can see
840 |839 |01:17:21 ~-~-> 01:17:24 |it right here. You can see it there. It's being utilized right there,
841 |840 |01:17:24 ~-~-> 01:17:28 |consequent encroachment. That's the midpoint of this separation. These
842 |841 |01:17:28 ~-~-> 01:17:33 |little pockets, okay, these little, tiny, little separations in the volume
843 |842 |01:17:34 ~-~-> 01:17:39 |of the candlestick. You cannot get this information in any other aspect of
844 |843 |01:17:39 ~-~-> 01:17:44 |charting. So when you listen to these clowns, these fucking clueless idiots,
845 |844 |01:17:44 ~-~-> 01:17:48 |these fucking dweebs, okay, these people that have zero understanding, zero
846 |845 |01:17:48 ~-~-> 01:17:53 |understanding by Price Books, they'll say time based charts are trash trying.
847 |846 |01:17:53 ~-~-> 01:17:58 |Time based charts are useless. You have no idea what you're talking about. You
848 |847 |01:17:58 ~-~-> 01:18:02 |have literally no idea. No one's ever told you how to use a time based chart
849 |848 |01:18:02 ~-~-> 01:18:06 |until I started talking about it. And holy shit, could I just step into
850 |849 |01:18:06 ~-~-> 01:18:09 |narcissistic power shit right there? Didn't, well, guess what? Scoop up and
851 |850 |01:18:09 ~-~-> 01:18:11 |swallow because it's the truth. No one ever told you to look at the
852 |851 |01:18:11 ~-~-> 01:18:15 |candlesticks like I'm teaching you to look at them. No one's ever told you to
853 |852 |01:18:15 ~-~-> 01:18:19 |focus on the elements of time, using these candlesticks with this information
854 |853 |01:18:19 ~-~-> 01:18:23 |before. It's never been done before because I codified it. This is my
855 |854 |01:18:23 ~-~-> 01:18:26 |fucking shit. Okay? And when you guys are making these fucking videos, and I'm
856 |855 |01:18:26 ~-~-> 01:18:29 |coming out here doing it over every single day, over and over and over
857 |856 |01:18:29 ~-~-> 01:18:34 |again, I'm laughing at you. I'm laughing at you because you're taking the bait.
858 |857 |01:18:34 ~-~-> 01:18:37 |You're doing exactly what I want. Because more people are coming here, and
859 |858 |01:18:37 ~-~-> 01:18:40 |they're watching the technical science being taught, and more people this rest
860 |859 |01:18:40 ~-~-> 01:18:44 |of this year are gonna be making more money using this shit, more money, more
861 |860 |01:18:44 ~-~-> 01:18:48 |testimonies coming forward. So keep bringing them here. I love it. You're
862 |861 |01:18:48 ~-~-> 01:18:54 |working for free. Keep them coming. Engagement farming done, right? So I
863 |862 |01:18:54 ~-~-> 01:19:00 |want to take a look at the executions here. Okay, this is probably gonna be a
864 |863 |01:19:00 ~-~-> 01:19:06 |little jarring for some of you. So as the market's trading and we're dropping
865 |864 |01:19:06 ~-~-> 01:19:09 |down, okay? And you can see clearly this is not Market Replay, okay, see that.
866 |865 |01:19:09 ~-~-> 01:19:16 |Can't do that on Market Replay, but the the entries in here look inside this
867 |866 |01:19:16 ~-~-> 01:19:25 |fair value gap. It's in the lower half of that fair value got that that is at
868 |867 |01:19:25 ~-~-> 01:19:28 |the top as it's hitting it, right here, in this volume imbalance, as it's
869 |868 |01:19:28 ~-~-> 01:19:31 |trading down here, I'm trying to time it as it hits it, but it's kind of it's
870 |869 |01:19:31 ~-~-> 01:19:36 |kind of difficult when you're doing on a 32nd chart, I'm doing it where I'm
871 |870 |01:19:36 ~-~-> 01:19:41 |pushing into the the price action as it's going in a direction I want it to
872 |871 |01:19:41 ~-~-> 01:19:44 |go, which is opposed to the direction I'm trading in. So in other words, I'm
873 |872 |01:19:44 ~-~-> 01:19:49 |trying to enter when the market's going down. I'm never trying to go in when the
874 |873 |01:19:49 ~-~-> 01:19:54 |market's going up. If the candlesticks painting bullishly, I don't want to be
875 |874 |01:19:54 ~-~-> 01:20:00 |going in after the candlesticks started going higher. It. Like, open like, in
876 |875 |01:20:00 ~-~-> 01:20:04 |this case, here we have the candlestick opening up here and trading down. That's
877 |876 |01:20:04 ~-~-> 01:20:09 |ideal. I'm sorry I said that wrong. It opens up down here and trades higher. So
878 |877 |01:20:09 ~-~-> 01:20:14 |it's creating a bullish candlestick. In this candlestick I'm trying to trade as
879 |878 |01:20:14 ~-~-> 01:20:18 |it's fluctuating around and in close proximity to that volume of balance.
880 |879 |01:20:18 ~-~-> 01:20:23 |That's what I'm trying to aim for. And over here, same premise. I'm trying to
881 |880 |01:20:23 ~-~-> 01:20:28 |time it as it's entering into that volume imbalance. Here, I'm trading
882 |881 |01:20:28 ~-~-> 01:20:33 |inside of this little separation. I'm trying to get that little return back
883 |882 |01:20:33 ~-~-> 01:20:40 |into that candlestick as well. Here, similar down here, I'm trying to time it
884 |883 |01:20:40 ~-~-> 01:20:44 |as it's trading down into this fair value gap. All of these could be further
885 |884 |01:20:44 ~-~-> 01:20:48 |refined if I was willing to use a limit order, but I'm trying to force myself to
886 |885 |01:20:48 ~-~-> 01:20:53 |use every aspect of proving it's not Market Replay. So that's why the open
887 |886 |01:20:54 ~-~-> 01:21:00 |and close, or the buying entry. So button for buying this shit, basically,
888 |887 |01:21:02 ~-~-> 01:21:06 |you can't do. You don't see that in Market Replay. Okay, so it's actually
889 |888 |01:21:06 ~-~-> 01:21:12 |better. I just did that, but I'm using this way of showing it to you, so that
890 |889 |01:21:12 ~-~-> 01:21:16 |way anybody that understands trading view knows that this is not Market
891 |890 |01:21:16 ~-~-> 01:21:22 |Replay, and anybody, anybody can do it in Market Replay and make it look good.
892 |891 |01:21:22 ~-~-> 01:21:29 |Anybody can do that, but I'm teaching you how to read 32nd chart. Okay. Why
893 |892 |01:21:29 ~-~-> 01:21:32 |32nd chart? Why not a 15 second chart? Because the price is a little bit
894 |893 |01:21:32 ~-~-> 01:21:37 |cleaner, little bit more refined, a 15 second chart's a little bit more spotty
895 |894 |01:21:37 ~-~-> 01:21:41 |in here, spotty means that there's a lot more volume imbalances. I'd like to have
896 |895 |01:21:41 ~-~-> 01:21:45 |a chart, and this is for your notes. This is the part where you write down. I
897 |896 |01:21:45 ~-~-> 01:21:50 |like to use a time frame. It's sub one minute that doesn't have a plethora or a
898 |897 |01:21:50 ~-~-> 01:21:56 |exaggerated number of volume imbalances. I want to have like a few of them, so I
899 |898 |01:21:56 ~-~-> 01:22:00 |want to be able to see them if they form. But if I'm looking at a, like a
900 |899 |01:22:00 ~-~-> 01:22:04 |five second chart, I'm gonna have a whole lot more to choose from, and I
901 |900 |01:22:04 ~-~-> 01:22:09 |don't want that. So the 15 second, I didn't like it, so I focused on the 32nd
902 |901 |01:22:10 ~-~-> 01:22:16 |and I'm only using the 32nd chart just to kind of like drive home the the
903 |902 |01:22:16 ~-~-> 01:22:21 |emphasis that I am not a one minute Chart Trader. I'm not a five minute
904 |903 |01:22:21 ~-~-> 01:22:25 |Chart Trader, I'm not a 60 minute 60 minute Chart Trader, I'm a price trader,
905 |904 |01:22:26 ~-~-> 01:22:34 |I'm a time based price delivery trader, an algorithmic delivery trader. So I'm
906 |905 |01:22:34 ~-~-> 01:22:39 |I'm looking at price in a way where I'm expecting it to behave a certain way
907 |906 |01:22:39 ~-~-> 01:22:44 |with these repeating phenomenon that I titled PD arrays around specific
908 |907 |01:22:44 ~-~-> 01:22:49 |elements of time. So because 830 here is the 830 window right there, this
909 |908 |01:22:49 ~-~-> 01:22:52 |candlestick, when we get close to the top of the Fairbank, I'm getting in
910 |909 |01:22:52 ~-~-> 01:22:56 |there and then finally hammering it as it's creating that down closed candle
911 |910 |01:22:56 ~-~-> 01:23:01 |right there. I'm hitting it, and there's the entry at the time. I'm telling you
912 |911 |01:23:01 ~-~-> 01:23:05 |that the launch time is now, so it drops down, and then it right from there,
913 |912 |01:23:06 ~-~-> 01:23:10 |creates these little, uh, confirming that I'm on side. That's what these
914 |913 |01:23:10 ~-~-> 01:23:15 |little candlestick bodies are telling me, folks, okay, I'm on side, I'm on
915 |914 |01:23:15 ~-~-> 01:23:19 |side, and then I'm expecting price to rip, and it does. And then you start
916 |915 |01:23:19 ~-~-> 01:23:23 |seeing it run up. It gets this low volume of bounce tagged right there, and
917 |916 |01:23:23 ~-~-> 01:23:27 |rallies up. And then there's the objective now I could have held for
918 |917 |01:23:27 ~-~-> 01:23:31 |longer. Okay, there's a joker on Twitter who likes to come after the fact all the
919 |918 |01:23:31 ~-~-> 01:23:34 |time. You never see a stop loss in his trades. You never see him execute
920 |919 |01:23:34 ~-~-> 01:23:38 |either, but he's always got some kind of screenshot that's kind of lame. Show
921 |920 |01:23:38 ~-~-> 01:23:41 |your execution while you're doing it. Move a stop loss. You don't have a stop
922 |921 |01:23:41 ~-~-> 01:23:45 |loss in there because you're using something that you don't need to trust.
923 |922 |01:23:45 ~-~-> 01:23:48 |Okay? I have a stop loss in every single one of my executions. It's always there.
924 |923 |01:23:48 ~-~-> 01:23:52 |It's always being managed. And everybody sees the repeating phenomenon and
925 |924 |01:23:52 ~-~-> 01:23:56 |routine that I'm using. I'm not rushing it to break even. I'm not rushing it to
926 |925 |01:23:56 ~-~-> 01:24:00 |strangle the profit. Okay, but yesterday, I couldn't stay the babysit
927 |926 |01:24:00 ~-~-> 01:24:04 |the rest of the position. I told you last week that 20,005 38 was our
928 |927 |01:24:04 ~-~-> 01:24:07 |objective. It didn't trade there last week. But guess what it did yesterday.
929 |928 |01:24:08 ~-~-> 01:24:13 |Traded to 20,005 38 it did that I had limit order to get me out there. I had
930 |929 |01:24:13 ~-~-> 01:24:16 |enough time to compress it, throw a music track on there, and then out the
931 |930 |01:24:16 ~-~-> 01:24:22 |door I went. So I was not able, was not able to sit and ride all this up and
932 |931 |01:24:22 ~-~-> 01:24:27 |babysit it. My wife asked me to stay off the phone for the time we were out, and
933 |932 |01:24:27 ~-~-> 01:24:35 |I honored that request. Okay, so in the afternoon, a little bit later, what do
934 |933 |01:24:35 ~-~-> 01:24:36 |you see here?
935 |934 |01:24:41 ~-~-> 01:24:53 |What's this? Who's this? The fairba. I got Sibi market trades up into it. I'm
936 |935 |01:24:53 ~-~-> 01:25:05 |entering again on 32nd chart. There. To my fills and it drops down, I'm willing
937 |936 |01:25:05 ~-~-> 01:25:11 |to see it come back up in to this breaker. So that means I have to afford
938 |937 |01:25:11 ~-~-> 01:25:14 |myself what the likelihood of going into drawdown. But if it trades back there,
939 |938 |01:25:14 ~-~-> 01:25:18 |I'm going to add more to it, but I need a little bit more information. Should it
940 |939 |01:25:18 ~-~-> 01:25:21 |do? So what information is that? Well, what's trading up into that quadrant?
941 |940 |01:25:21 ~-~-> 01:25:29 |Level breaks lower, creates another fair value gap entry, I'm waiting for the
942 |941 |01:25:29 ~-~-> 01:25:36 |market to do what show a willingness to take buy, stops there at a quadrant,
943 |942 |01:25:37 ~-~-> 01:25:45 |breaks fair value gap entry, same thing here. I'm looking at this wick. I'm
944 |943 |01:25:45 ~-~-> 01:25:49 |trying to time it with this fair value gap being traded to, I want to get in
945 |944 |01:25:49 ~-~-> 01:25:57 |there at that wick, conco encroachment right here, and that's a whole lot of
946 |945 |01:25:57 ~-~-> 01:26:08 |stuff, and get it down to just to middle level. It's funny and it's fun. So much.
947 |946 |01:26:08 ~-~-> 01:26:12 |This is so much better than college. Some of you guys have that are younger,
948 |947 |01:26:12 ~-~-> 01:26:15 |like your parents may be listening. What the hell do you say? You need to stop
949 |948 |01:26:15 ~-~-> 01:26:18 |listen this guy. I'm paying too much for this college, so I'm trying to time it
950 |949 |01:26:18 ~-~-> 01:26:23 |right there, to consequent coaching that wick right there, adding more to it. And
951 |950 |01:26:23 ~-~-> 01:26:29 |then I shared live as it was, aiming for the sell side below here, knowing that
952 |951 |01:26:29 ~-~-> 01:26:34 |we had a abbreviated session yesterday because of the holiday, and I wanted to
953 |952 |01:26:34 ~-~-> 01:26:37 |get out when it took that cell side there, because it would most likely draw
954 |953 |01:26:37 ~-~-> 01:26:40 |back up into the middle of the range between here and here, worst case
955 |954 |01:26:40 ~-~-> 01:26:44 |scenario and best case scenario, we could come back up and try to take that
956 |955 |01:26:44 ~-~-> 01:26:47 |high out. So I didn't want to write any of that in. So I went short. Added more
957 |956 |01:26:47 ~-~-> 01:26:52 |there, and then the fill as it was aiming for this low I want to make sure
958 |957 |01:26:52 ~-~-> 01:26:55 |I get out so I had the limit order just above it. So there you go. That's low
959 |958 |01:26:55 ~-~-> 01:26:59 |hanging fruit objective. That's the level I'm looking for. The sell side
960 |959 |01:26:59 ~-~-> 01:27:04 |below. That's what I want to see it trade to. But my exits are sliding on
961 |960 |01:27:04 ~-~-> 01:27:10 |into home. I don't require that load be taken out. Why? Because I might be
962 |961 |01:27:10 ~-~-> 01:27:14 |wrong. Because it's the holiday. They may not want to come back down in there.
963 |962 |01:27:14 ~-~-> 01:27:17 |They may, may, they may want to do that at six o'clock, restart in the
964 |963 |01:27:17 ~-~-> 01:27:22 |afternoon, or any time when they when they resume trading again. So that's
965 |964 |01:27:22 ~-~-> 01:27:31 |where my exit was there, and then that's the business. So let's take this back
966 |965 |01:27:31 ~-~-> 01:27:32 |over here. And I
967 |966 |01:27:39 ~-~-> 01:27:48 |think that's going to be it for today. This is a first presented fair value gap
968 |967 |01:27:48 ~-~-> 01:27:55 |from last week. I don't recall what day it is, but it was, I think it was on the
969 |968 |01:27:55 ~-~-> 01:27:58 |second half of the week, so either Wednesday or Thursday. Look at that, and
970 |969 |01:27:58 ~-~-> 01:28:02 |you'll see that that's what that is. Another reason why you should annotate
971 |970 |01:28:02 ~-~-> 01:28:06 |your your charts with these labels like this. I don't need to do that because I
972 |971 |01:28:06 ~-~-> 01:28:11 |break my stuff down on the notepad. But that's a first presenter. Fair Value got
973 |972 |01:28:11 ~-~-> 01:28:16 |to these two, these two dark, thick lines there. So I covered a lot of stuff
974 |973 |01:28:16 ~-~-> 01:28:20 |today. I talked about how I picked the right fair value gap. What constitutes
975 |974 |01:28:21 ~-~-> 01:28:24 |qualifying the fair value gap. I talked about the overnight range. How to use
976 |975 |01:28:24 ~-~-> 01:28:30 |that. When is it useful? When is it not useful? If it's part of, if you're large
977 |976 |01:28:30 ~-~-> 01:28:33 |part of a larger consolidation, you're going to grade it. If you're doing a
978 |977 |01:28:33 ~-~-> 01:28:38 |market protraction overnight, you're not going to do that at all. And you'll have
979 |978 |01:28:38 ~-~-> 01:28:42 |to trade differently. And also, if you have a market retraction overnight, that
980 |979 |01:28:42 ~-~-> 01:28:45 |usually puts you on the sidelines in the morning session, so you already had a
981 |980 |01:28:45 ~-~-> 01:28:51 |big move overnight. So expect, excuse me, the New York session to be either a
982 |981 |01:28:51 ~-~-> 01:28:54 |market reversal profile or consolidation, meaning that unless
983 |982 |01:28:54 ~-~-> 01:28:58 |you're very versed with reversal patterns, don't trade the morning
984 |983 |01:28:58 ~-~-> 01:29:01 |session if you have an overnight trending market and then wait for a
985 |984 |01:29:01 ~-~-> 01:29:05 |launch reversal, or pm session trade, or trade the last hour trade. So there's a
986 |985 |01:29:05 ~-~-> 01:29:09 |whole lot of conditions there that helps you. Should have helped you rather
987 |986 |01:29:10 ~-~-> 01:29:14 |define when you should expect something to form, when you should sit still. When
988 |987 |01:29:14 ~-~-> 01:29:17 |should you feel comfortable sitting still? And why should you feel
989 |988 |01:29:17 ~-~-> 01:29:21 |comfortable sitting still? Also, where the fair value gaps are best? What's the
990 |989 |01:29:21 ~-~-> 01:29:24 |best ones? What's the ones I'm I'm going to be trading at, what's the one that I
991 |990 |01:29:24 ~-~-> 01:29:31 |have elected to trade on? And it's based on premium and discount. It's based on a
992 |991 |01:29:31 ~-~-> 01:29:35 |previous range that the algorithm will refer back to. It's not ambiguous. It's
993 |992 |01:29:35 ~-~-> 01:29:40 |not some kind of contrivance, you know, made up stuff. It's something that
994 |993 |01:29:40 ~-~-> 01:29:43 |you're going to go back in a chart to see over and over again, repeating
995 |994 |01:29:43 ~-~-> 01:29:48 |constantly, always there, always there. And what happens if you don't see these
996 |995 |01:29:48 ~-~-> 01:29:53 |elements in price action, then you have manual intervention. That means you
997 |996 |01:29:53 ~-~-> 01:29:56 |should sit on your hands and don't do anything if you're if the pvar that
998 |997 |01:29:56 ~-~-> 01:30:00 |you're highlighting are not responding and respecting price. Is the way they
999 |998 |01:30:00 ~-~-> 01:30:03 |should remember inefficiencies, fair value gaps. You don't want to see them
1000 |999 |01:30:03 ~-~-> 01:30:08 |hanging around in them, trade into them, leave. And if you have defined your fair
1001 |1000 |01:30:08 ~-~-> 01:30:12 |value gaps based on your bias with the overnight range, as I showed you here by
1002 |1001 |01:30:12 ~-~-> 01:30:16 |grading it, you know the general proximity of where a fair value gap or
1003 |1002 |01:30:16 ~-~-> 01:30:20 |order, block or breaker or stop run is going to form. All of the PD arrays are
1004 |1003 |01:30:20 ~-~-> 01:30:24 |going to gravitate around these levels. Don't just think it's just fair value.
1005 |1004 |01:30:24 ~-~-> 01:30:29 |It's not just that. It's whatever PB array that's going to be given to you at
1006 |1005 |01:30:29 ~-~-> 01:30:36 |that time, with price being utilized for that that purpose, meaning during the
1007 |1006 |01:30:36 ~-~-> 01:30:40 |macro or 830 because there's the only departure. It's always the 50 minute
1008 |1007 |01:30:40 ~-~-> 01:30:44 |after to 10 minute after, that's the element of time when the price is going
1009 |1008 |01:30:44 ~-~-> 01:30:47 |to start spooling during the pre market sessions. There's several hours there
1010 |1009 |01:30:47 ~-~-> 01:30:53 |that you can do that with, but there's one outlier. It's the 838 30 does its
1011 |1010 |01:30:53 ~-~-> 01:30:57 |own thing. That's when the algorithm comes online and it's full force just
1012 |1011 |01:30:57 ~-~-> 01:31:02 |run, because it's going to push price around for that first hour ahead of 930
1013 |1012 |01:31:02 ~-~-> 01:31:07 |opening. That's what it's doing. That's its function. Okay, so, and it's also
1014 |1013 |01:31:07 ~-~-> 01:31:11 |allowing a lot of orders to be pushed through when there's economic data.
1015 |1014 |01:31:11 ~-~-> 01:31:15 |Remember, I was telling you earlier how the dealers that are facilitating and
1016 |1015 |01:31:15 ~-~-> 01:31:19 |executing the orders for large entities that are not necessarily always trading
1017 |1016 |01:31:19 ~-~-> 01:31:23 |for the purpose of trading for profit. They're not out there trading competing
1018 |1017 |01:31:23 ~-~-> 01:31:30 |against you. They just are holding risk or their window dressing their
1019 |1018 |01:31:30 ~-~-> 01:31:35 |portfolio. They're cycling through and reappropriating things in other assets
1020 |1019 |01:31:35 ~-~-> 01:31:38 |classes and other other instruments. So if they're trying to unload something or
1021 |1020 |01:31:38 ~-~-> 01:31:44 |acquire it, the dealer will facilitate their requirements and expectations by
1022 |1021 |01:31:44 ~-~-> 01:31:47 |pushing the orders through with these very high volume times. And that's
1023 |1022 |01:31:47 ~-~-> 01:31:51 |what's going on. Okay, that's exactly what's going on. You're not going to see
1024 |1023 |01:31:51 ~-~-> 01:31:54 |it on your fucking books. You're not going to hear some Joe Schmo on the
1025 |1024 |01:31:54 ~-~-> 01:31:57 |fucking internet tell you this is what is going on, but that's exactly what's
1026 |1025 |01:31:57 ~-~-> 01:32:00 |going on. Okay, so when you had this perfect storm of all this order flow
1027 |1026 |01:32:00 ~-~-> 01:32:06 |coming in that is not causing the market going down, they're utilizing that high
1028 |1027 |01:32:06 ~-~-> 01:32:11 |volume, okay, not high volume, that high traffic time, where there's more
1029 |1028 |01:32:11 ~-~-> 01:32:16 |participation. It's easy to throw those orders into the marketplace. They're
1030 |1029 |01:32:16 ~-~-> 01:32:20 |they're consumed quickly. And it doesn't mean that the market's going to go
1031 |1030 |01:32:20 ~-~-> 01:32:23 |really high or really low, because they push that volume in. Remember that big
1032 |1031 |01:32:23 ~-~-> 01:32:27 |volume is being broken up throughout the day, throughout the morning, throughout
1033 |1032 |01:32:27 ~-~-> 01:32:32 |the several hours they're pushing those orders in. You're not going to get a
1034 |1033 |01:32:32 ~-~-> 01:32:37 |company like I don't even want to put a person's or company name out there. It's
1035 |1034 |01:32:37 ~-~-> 01:32:41 |just a large conglomerate, large entity that would be trading very, very large.
1036 |1035 |01:32:42 ~-~-> 01:32:45 |Their entire order is not getting pushed through on one one pass through. They're
1037 |1036 |01:32:45 ~-~-> 01:32:51 |not just saying, Hey, you sell me, you know, $15 billion worth of Spoos. You
1038 |1037 |01:32:51 ~-~-> 01:32:55 |know, at the market, they're never doing it. That's never happening, okay? So
1039 |1038 |01:32:55 ~-~-> 01:32:59 |what they'll do is they, they know that their dealer has been given
1040 |1039 |01:32:59 ~-~-> 01:33:07 |instructions, okay to facilitate that request, but average cost needs to be a
1041 |1040 |01:33:07 ~-~-> 01:33:12 |part of it. They're not willing to have this position either accumulated or
1042 |1041 |01:33:12 ~-~-> 01:33:18 |distributed without at least factoring in some measure of value that they're
1043 |1042 |01:33:18 ~-~-> 01:33:23 |hoping to hold on to or acquire in purchasing it. So that's what's really
1044 |1043 |01:33:23 ~-~-> 01:33:27 |going on, that's behind the scenes. That's what's going on with these times,
1045 |1044 |01:33:27 ~-~-> 01:33:32 |and what the order flow is coming through, it's doing. And that's not
1046 |1045 |01:33:32 ~-~-> 01:33:35 |going to cause price to go up and down. It's just going to be that much more of
1047 |1046 |01:33:36 ~-~-> 01:33:39 |Time and Sales being booked and printed. But the price is going to go where the
1048 |1047 |01:33:39 ~-~-> 01:33:43 |price is going to go, and they have no control over it. You don't have any
1049 |1048 |01:33:43 ~-~-> 01:33:49 |control over it. And we're looking for the maximum damage. Where can it move
1050 |1049 |01:33:49 ~-~-> 01:33:55 |the most to hurt whoever's been making money? Okay? So I would love to keep can
1051 |1050 |01:33:55 ~-~-> 01:33:59 |talk. Keep on talking. I really want to. I've already went over more than I want
1052 |1051 |01:33:59 ~-~-> 01:34:02 |to do my time. So I'm going to close this one. Wish you all very pleasant
1053 |1052 |01:34:02 ~-~-> 01:34:07 |day. I will be back with you tomorrow, Lord willing, at 925, ish tomorrow,
1054 |1053 |01:34:07 ~-~-> 01:34:11 |we'll meet again, and I'll give you some information about macros and
1055 |1054 |01:34:11 ~-~-> 01:34:13 |algorithmic. Parcel Larry, until talk to you, then be safe. You.