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2 |1 |00:00:40 ~-~-> 00:01:03 |ICT: Good morning, folks, how are you? If you would give me a audio check on
3 |2 |00:01:03 ~-~-> 00:01:11 |Twitter, I appreciate it. Audio sounds pretty good on my end, so you should be
4 |3 |00:01:11 ~-~-> 00:01:11 |okay,
5 |4 |00:01:17 ~-~-> 00:01:19 |right. Here's our opening price. I
6 |5 |00:01:40 ~-~-> 00:01:45 |I don't have a lot of expectation this morning, but I'll sit with y'all. I was
7 |6 |00:01:45 ~-~-> 00:01:53 |going to defer a live stream until this afternoon, but I have plans that I
8 |7 |00:01:53 ~-~-> 00:01:59 |wasn't aware of, according to my wife. Gentlemen, you know how that works, so
9 |8 |00:01:59 ~-~-> 00:02:03 |that prevents that from happening. So I'll just hang out with you all this
10 |9 |00:02:03 ~-~-> 00:02:10 |morning till about 1030 and then we'll break again. Got a lot of feedback from
11 |10 |00:02:10 ~-~-> 00:02:13 |yesterday's lesson. Appreciate that you
12 |11 |00:02:51 ~-~-> 00:02:53 |Trading view is really lagging. I
13 |12 |00:03:57 ~-~-> 00:04:05 |just being Quiet. God is fine. I had a couple guys say that they couldn't hear
14 |13 |00:04:05 ~-~-> 00:04:09 |me yesterday talking as well. So I'm not sure that's You on your end. What?
15 |14 |00:05:25 ~-~-> 00:05:26 |It's a little too Smooth. I'm
16 |15 |00:06:44 ~-~-> 00:06:50 |Yes, is a bit of a mess. Take a quick look at down. Whoops,
17 |16 |00:06:56 ~-~-> 00:07:02 |here's decoupling. It's pretty it's pretty expected, actually, when there's
18 |17 |00:07:02 ~-~-> 00:07:08 |no news due out in the morning or this morning, rather, see
19 |18 |00:07:13 ~-~-> 00:07:19 |how they go in different directions. That makes it a lot harder for precision
20 |19 |00:07:19 ~-~-> 00:07:26 |to be available to you doesn't mean you can't trade. It just means that you're
21 |20 |00:07:26 ~-~-> 00:07:31 |trading with lower probability. I've done it before, but if you're a new
22 |21 |00:07:31 ~-~-> 00:07:35 |trader, a new student, it's not something you should be trying to do.
23 |22 |00:07:36 ~-~-> 00:07:41 |All three of the averages should be moving together. If it's a trading asset
24 |23 |00:07:41 ~-~-> 00:07:45 |that you're like. For instance, I'm monitoring NASDAQ on the regular. So if
25 |24 |00:07:45 ~-~-> 00:07:52 |that's my asset class, I want to trade as the indices or stock indices, and the
26 |25 |00:07:52 ~-~-> 00:07:58 |specific instrument being the NASDAQ, I look for the S, P and the Dow to be
27 |26 |00:07:58 ~-~-> 00:08:04 |moving in the same direction. If I'm wanting to be long, I want to see
28 |27 |00:08:04 ~-~-> 00:08:08 |something that's supported the idea for all three of them, bullish.
29 |28 |00:08:15 ~-~-> 00:08:18 |I'm watching this little cap right in here. I
30 |29 |00:09:38 ~-~-> 00:09:45 |i like the idea that a proportion of that gap not being treated to ES is
31 |30 |00:09:45 ~-~-> 00:09:47 |making a lower low
32 |31 |00:09:57 ~-~-> 00:10:00 |it's come out. There's
33 |32 |00:10:06 ~-~-> 00:10:09 |your sales side there. I'm not going to label it, because I don't really care so
34 |33 |00:10:09 ~-~-> 00:10:19 |much about this one. And bow is just a mess. I'm
35 |34 |00:10:33 ~-~-> 00:10:36 |if it runs for the sell side, it's just going to be one of those instances where
36 |35 |00:10:37 ~-~-> 00:10:45 |the first presenter pay gap doesn't give you an entry and you remind yourself
37 |36 |00:10:45 ~-~-> 00:10:50 |that it's decoupling. It means there's the mixed direction on all three
38 |37 |00:10:50 ~-~-> 00:10:53 |averages down, doing its own thing.
39 |38 |00:10:59 ~-~-> 00:11:05 |Good, great for journaling. It reinforces the idea of being highly
40 |39 |00:11:05 ~-~-> 00:11:08 |selective on the days that you want to enter, what a sessions that you want to
41 |40 |00:11:08 ~-~-> 00:11:13 |enter on you want all the things going for you in your trades, instead of just
42 |41 |00:11:13 ~-~-> 00:11:18 |looking for any old thing to get me into a trade. That's a 20 year old ICTs
43 |42 |00:11:19 ~-~-> 00:11:25 |version of trying to trade if it was oversold. That was enough reason. It's
44 |43 |00:11:25 ~-~-> 00:11:32 |enough reason to get in there. Now I'm watching this blame and balance. I
45 |44 |00:12:02 ~-~-> 00:12:06 |No the question probably comes up in your mind, is okay, if you're noticing
46 |45 |00:12:06 ~-~-> 00:12:10 |now, the indices are doing different things. One incy go in one direction,
47 |46 |00:12:10 ~-~-> 00:12:16 |Heather's doing the other direction. What? What does that mean for me as an
48 |47 |00:12:16 ~-~-> 00:12:20 |analyst? What does that mean for me as the trader? What does that mean for
49 |48 |00:12:20 ~-~-> 00:12:26 |action. Where's the actionable ideas on that? Well, you have a choice. You can
50 |49 |00:12:26 ~-~-> 00:12:30 |sit and wait for the indices during the morning session to either come together
51 |50 |00:12:31 ~-~-> 00:12:35 |in terms of agreement or they start moving in tandem. Sometimes that happens
52 |51 |00:12:35 ~-~-> 00:12:39 |in the same session. Sometimes it takes the morning session to sort all that out
53 |52 |00:12:39 ~-~-> 00:12:44 |and over the lunch hours, then the afternoon becomes a little bit better to
54 |53 |00:12:44 ~-~-> 00:12:49 |trade, or it can, on the worst case scenario, it can stay decoupled all day
55 |54 |00:12:50 ~-~-> 00:12:56 |and make very problematic conditions for trading, unless you're really, really
56 |55 |00:12:56 ~-~-> 00:13:04 |short term and you're just taking the lightest, uh, uh, yeah, the things that
57 |56 |00:13:04 ~-~-> 00:13:07 |would instigate your ticket and trade the smallest of things to do that, which
58 |57 |00:13:07 ~-~-> 00:13:12 |I'm not a fan of. I don't teach that anyone should do that. The more things
59 |58 |00:13:12 ~-~-> 00:13:15 |you have in your in your favor, the better.
60 |59 |00:13:21 ~-~-> 00:13:26 |But these are actually better. These are better teaching environments, because
61 |60 |00:13:26 ~-~-> 00:13:30 |nobody wants to talk about these types of things. They want to talk about when
62 |61 |00:13:30 ~-~-> 00:13:35 |they made money or when it was easy for them, and that's the easy part of
63 |62 |00:13:35 ~-~-> 00:13:41 |learning, and that's easy part of being a teacher. When it's easy, everything
64 |63 |00:13:41 ~-~-> 00:13:45 |looks like it's perfect, but when you're met with the realities of what the
65 |64 |00:13:45 ~-~-> 00:13:49 |market is going to give you, sometimes it's going to give you a curveball where
66 |65 |00:13:49 ~-~-> 00:13:53 |you're not getting all the indices in agreement. Let's take quick look at down
67 |66 |00:13:53 ~-~-> 00:14:04 |once more. We don't want to trade that. That's nothing there. It's brilliant. It
68 |67 |00:14:04 ~-~-> 00:14:10 |looks like cheap bubblegum, all right, so we look at the ES so
69 |68 |00:14:20 ~-~-> 00:14:22 |far, the only thing it makes sense, even though it's not in agreement with a
70 |69 |00:14:22 ~-~-> 00:14:26 |agreement with any of the other two indices, NASDAQ still looks okay. And
71 |70 |00:14:26 ~-~-> 00:14:31 |I'll go over what I mean by that. We've we've been weak. We did not get a return
72 |71 |00:14:31 ~-~-> 00:14:35 |back into first retentive fair value gap. That's fine. We have bearish order
73 |72 |00:14:35 ~-~-> 00:14:40 |block trades up into here. Notice the bodies inside this gap, the body stay
74 |73 |00:14:40 ~-~-> 00:14:45 |ready at consequent encroachment or lower. These are the damage inducing
75 |74 |00:14:46 ~-~-> 00:14:50 |events where the wicks are allowed to do that type of damage. And then we roll
76 |75 |00:14:50 ~-~-> 00:14:57 |back down rotation out of the volume imbalance, even with the decoupling. I
77 |76 |00:14:57 ~-~-> 00:15:01 |would like to still see that cell side deliver so. But then, because it's
78 |77 |00:15:01 ~-~-> 00:15:07 |mixed, because it's mixed, I would like to see some kind of return back into the
79 |78 |00:15:07 ~-~-> 00:15:13 |range which is likely to see it come back up in here. That's a scenario to
80 |79 |00:15:13 ~-~-> 00:15:16 |see how they see it straight down into sell side, explore a little bit lower
81 |80 |00:15:16 ~-~-> 00:15:21 |than that. And then if it can make its way back up in here, I would look for as
82 |81 |00:15:21 ~-~-> 00:15:26 |long as the Dow stays basically an unruly brat doing what it wants to do,
83 |82 |00:15:26 ~-~-> 00:15:33 |and if the NASDAQ shrugs off any weakness as well, back up into here
84 |83 |00:15:33 ~-~-> 00:15:38 |going into the second half of the am session, that would be something I would
85 |84 |00:15:38 ~-~-> 00:15:41 |look for. It doesn't mean it's exactly what I'm looking for. I'm looking for
86 |85 |00:15:41 ~-~-> 00:15:43 |scenario after seeing the sell side deliver like I just did here,
87 |86 |00:15:52 ~-~-> 00:15:58 |one of the the best things you can do is give yourself permission early on, is to
88 |87 |00:15:58 ~-~-> 00:16:04 |Let trades pan out when it's highly unlikely for precision to be there, so
89 |88 |00:16:04 ~-~-> 00:16:09 |we can still see elements to the things I teach. But these are the types of
90 |89 |00:16:09 ~-~-> 00:16:12 |little things that will probably mess you up. Because you could probably look
91 |90 |00:16:12 ~-~-> 00:16:16 |at this and say, Okay, I said, he said he liked this fair value gap. So maybe
92 |91 |00:16:16 ~-~-> 00:16:21 |some of you push the button. If he did, you failed. Because even though it did,
93 |92 |00:16:21 ~-~-> 00:16:26 |it did deliver. We were looking for sell side. It doesn't mean that you should
94 |93 |00:16:26 ~-~-> 00:16:29 |have taken that trade, because if you've listened, even though it's done this,
95 |94 |00:16:30 ~-~-> 00:16:33 |it's not a high probability of trade. That means these are the types of setups
96 |95 |00:16:33 ~-~-> 00:16:37 |or movements and price action that I'm comfortable sitting on the sideline and
97 |96 |00:16:37 ~-~-> 00:16:42 |just watching them, paint and tape, read them, watch them, observe them, go over
98 |97 |00:16:42 ~-~-> 00:16:46 |them with my son, if you sit next to me or send screenshots to him and say, hey,
99 |98 |00:16:46 ~-~-> 00:16:50 |look, look, take it. Look at this. See what it did here. Not being a
100 |99 |00:16:50 ~-~-> 00:16:56 |participant in it. These types of scenarios happen all the time, but the
101 |100 |00:16:56 ~-~-> 00:17:01 |very, very choice setups where you can get in, they're not as frequent as these
102 |101 |00:17:01 ~-~-> 00:17:05 |are going to be, and that's the problem with inpatient traders, inpatient
103 |102 |00:17:06 ~-~-> 00:17:10 |undisciplined, without a model, without a protocol or procedure that they
104 |103 |00:17:10 ~-~-> 00:17:15 |follow, or a high demand on quality setups where everything is in agreement,
105 |104 |00:17:18 ~-~-> 00:17:24 |See if it's changed anything. I'm still working on one screen, because I want to
106 |105 |00:17:24 ~-~-> 00:17:28 |again emphasize the importance of look at that so it's going the other
107 |106 |00:17:30 ~-~-> 00:17:36 |direction. And then, yes, let's take a quick look at that. No real expansion of
108 |107 |00:17:36 ~-~-> 00:17:40 |the downside, but it still has its cell side right there. So I would manage to
109 |108 |00:17:40 ~-~-> 00:17:44 |say, let's take a couple things here. Note done,
110 |109 |00:17:51 ~-~-> 00:17:55 |volume and balance right in here. I'm just going to make it with a rectangle,
111 |110 |00:17:55 ~-~-> 00:17:57 |if you don't mind, save some time I'm
112 |111 |00:18:07 ~-~-> 00:18:09 |so again that it has sell side down there as well. I'm
113 |112 |00:18:23 ~-~-> 00:18:27 |okay, and back into nq, you
114 |113 |00:18:41 ~-~-> 00:18:50 |can see, rather anemic opening range gap. Again. It just happens that the
115 |114 |00:18:50 ~-~-> 00:18:56 |first fair value gap forms actually in that same area as well. So we have taken
116 |115 |00:18:57 ~-~-> 00:19:02 |cell side on a mixed, decoupled am session during the opening range, we
117 |116 |00:19:02 ~-~-> 00:19:06 |have a couple more minutes still for the first 30 minutes to book.
118 |117 |00:19:18 ~-~-> 00:19:23 |Now, two scenarios on a morning like this, where the averages are doing
119 |118 |00:19:23 ~-~-> 00:19:28 |different things. Dow's going up, sorry. NASDAQ, best performer on the downside.
120 |119 |00:19:29 ~-~-> 00:19:34 |And then you have the ES that is moved a little bit, but it hasn't quite made the
121 |120 |00:19:34 ~-~-> 00:19:40 |same type of delivery for its sell side down here yet. So it's being like I
122 |121 |00:19:40 ~-~-> 00:19:44 |said, it's snubbing any weakness, as I was indicating earlier, like I want to
123 |122 |00:19:44 ~-~-> 00:19:48 |see if it fails to go lower. If it does that, it's going to run for the buy side
124 |123 |00:19:48 ~-~-> 00:19:54 |here, for ES and maybe explore the orders up in that area there, not that
125 |124 |00:19:54 ~-~-> 00:19:58 |it needs to know how many orders there are. That's where the the buy side would
126 |125 |00:19:58 ~-~-> 00:20:03 |be. I'm. These two low, I'm sorry, these two highs with this one being lower than
127 |126 |00:20:03 ~-~-> 00:20:08 |this one, and then this high over here, back it out a little bit, and you see
128 |127 |00:20:08 ~-~-> 00:20:17 |these really clean little, almost too perfect in it. So if it fails to go
129 |128 |00:20:17 ~-~-> 00:20:22 |below the south side, NASDAQ starts to come back up into its range. That would
130 |129 |00:20:22 ~-~-> 00:20:29 |be where my eye would go to for ES, but it's conditional, so notice I'm saying
131 |130 |00:20:29 ~-~-> 00:20:33 |these things have to accompany other things. It's not just simply me saying
132 |131 |00:20:33 ~-~-> 00:20:38 |ES is going there. We'd still have to work out the uncertainty of this cell
133 |132 |00:20:38 ~-~-> 00:20:46 |side being taken or not in agreement with the NASDAQ returning back up into
134 |133 |00:20:46 ~-~-> 00:20:50 |its range, that would indicate this could potentially become an inversion
135 |134 |00:20:50 ~-~-> 00:20:55 |fair value gap, if that is what is likely to see unfold, and that may
136 |135 |00:20:55 ~-~-> 00:21:00 |support a run back up into and maybe the first delivery to, versus a fair value
137 |136 |00:21:00 ~-~-> 00:21:04 |gap and back into the opening range gap, which is kind of sharing the same real
138 |137 |00:21:04 ~-~-> 00:21:08 |estate in terms of price range. Now I'll go back out to river trading hours just
139 |138 |00:21:08 ~-~-> 00:21:10 |for a moment to show you what I mean by that.
140 |139 |00:21:16 ~-~-> 00:21:21 |So we have the silent price here yesterday. I'm just going to use it with
141 |140 |00:21:21 ~-~-> 00:21:28 |the lines, if you don't mind, tape with This. So
142 |141 |00:21:58 ~-~-> 00:21:59 |in an opening price today I'm
143 |142 |00:22:10 ~-~-> 00:22:17 |and then we go back out to electronic trading hours. So you can see there's
144 |143 |00:22:17 ~-~-> 00:22:22 |two, two frames of reference in here we have the first present, the fair value
145 |144 |00:22:22 ~-~-> 00:22:27 |gap that never got traded to yet, despite being delivered to downside and
146 |145 |00:22:27 ~-~-> 00:22:31 |sell side, it did not get traded back into here after creating it. So this
147 |146 |00:22:31 ~-~-> 00:22:35 |candle never made it up there, and no subsequent candle after that made its
148 |147 |00:22:35 ~-~-> 00:22:41 |way up there. So the the constellation prize was that we could see this fair
149 |148 |00:22:41 ~-~-> 00:22:48 |value gap forming here, and the bodies were laid down and buried right at the
150 |149 |00:22:48 ~-~-> 00:22:52 |consequent encroachment of that, that separation between this candlesticks
151 |150 |00:22:52 ~-~-> 00:22:55 |low, that candlesticks high, and the wicks were permitted to do the damage.
152 |151 |00:22:57 ~-~-> 00:23:02 |So it's this is just simply returning back into these two consecutive up close
153 |152 |00:23:02 ~-~-> 00:23:05 |candles, where, because they're two consecutive, I'll close candles, you use
154 |153 |00:23:05 ~-~-> 00:23:09 |the opening price of the lowest. That's this one right here. That's it. That's
155 |154 |00:23:09 ~-~-> 00:23:14 |your order block. Or change in a state of delivery where price was delivering
156 |155 |00:23:14 ~-~-> 00:23:19 |buy side. It means it's moving higher, and then it changes and goes lower. So
157 |156 |00:23:19 ~-~-> 00:23:22 |change in a state delivery is that opening price, and you can see it going
158 |157 |00:23:22 ~-~-> 00:23:28 |right there. It returns and trades lower, just for good measure, it turns
159 |158 |00:23:28 ~-~-> 00:23:33 |right back to this candlesticks low as well. Look at the low of that 20,003 07,
160 |159 |00:23:33 ~-~-> 00:23:41 |even, and the high comes in 20,307.25 which is a perfect delivery to this.
161 |160 |00:23:41 ~-~-> 00:23:44 |Candlesticks low, plus one tick per spread.
162 |161 |00:23:53 ~-~-> 00:24:01 |One more quick look at the Dow. Again, being a brat, doing, doing what it wants
163 |162 |00:24:01 ~-~-> 00:24:09 |to do. And, yes, okay, let's extend this out a little bit more. See we've already
164 |163 |00:24:09 ~-~-> 00:24:14 |hit it there. Watch the consequent encroachment of this lick.
165 |164 |00:24:20 ~-~-> 00:24:24 |Now hit that right there. And in a perfect world, it would roll out of this
166 |165 |00:24:24 ~-~-> 00:24:31 |and go down and attack itself side liquidity. See how it's very, very
167 |166 |00:24:31 ~-~-> 00:24:36 |difficult to frame any kind of stop loss in all this, if you're trying to be
168 |167 |00:24:36 ~-~-> 00:24:41 |short. So that's one of the things that you have to you're just going to have to
169 |168 |00:24:41 ~-~-> 00:24:46 |accept that there are going to be times where you're not being afforded a very
170 |169 |00:24:46 ~-~-> 00:24:53 |low risk entry or an entry at all, despite knowing where it might
171 |170 |00:24:53 ~-~-> 00:24:58 |potentially still trade to and in the beginning, you know, as a student of
172 |171 |00:24:58 ~-~-> 00:25:03 |price action expressive learning. Me, it's real easy to get caught up in the
173 |172 |00:25:03 ~-~-> 00:25:06 |frenzy of trying to use something you just learned, especially if you see our
174 |173 |00:25:06 ~-~-> 00:25:10 |community members that are sharing their immediate, you know, success with
175 |174 |00:25:10 ~-~-> 00:25:14 |something that they just watched me outline and teach for the first time, or
176 |175 |00:25:14 ~-~-> 00:25:16 |maybe amplify something that they thought they understood. And now they're
177 |176 |00:25:16 ~-~-> 00:25:22 |like, Okay, now I have a new a new breath of life and interest around
178 |177 |00:25:22 ~-~-> 00:25:25 |something I used to like, but I haven't been playing around, playing around with
179 |178 |00:25:25 ~-~-> 00:25:31 |it too much. And then you see them doing something that makes them profitable, or
180 |179 |00:25:31 ~-~-> 00:25:37 |shows a profitable endeavor using it. So that means you want to go out there, and
181 |180 |00:25:37 ~-~-> 00:25:41 |you want to try to do it right away, too, and you'll lose focus and not
182 |181 |00:25:41 ~-~-> 00:25:46 |recognize the opportunities that are not being afforded to you, because you're
183 |182 |00:25:46 ~-~-> 00:25:51 |just wanting it to go to a draw on liquidity. And that's not enough. You
184 |183 |00:25:51 ~-~-> 00:25:57 |have to know that this it's market climate where there's a decoupling,
185 |184 |00:25:57 ~-~-> 00:26:01 |where the three averages are doing opposite things. They're not doing the
186 |185 |00:26:01 ~-~-> 00:26:07 |same thing. Okay? So neat little turn back up into the opening price there.
187 |186 |00:26:08 ~-~-> 00:26:14 |Hammered it perfectly. There's nothing in here. The frame of the entry on. So
188 |187 |00:26:14 ~-~-> 00:26:17 |anything we're really watching and observing is, does it have the ability
189 |188 |00:26:17 ~-~-> 00:26:21 |to rotate out of this and attack the sell side? Which is the only thing that
190 |189 |00:26:21 ~-~-> 00:26:24 |makes sense down here, doesn't mean that it can't go higher. It just means that
191 |190 |00:26:24 ~-~-> 00:26:28 |if it does, who cares? You wouldn't have been short, because there's nothing in
192 |191 |00:26:28 ~-~-> 00:26:35 |here to frame it for the risk. There's no way to feel good about taking the
193 |192 |00:26:35 ~-~-> 00:26:39 |trade, because you have decoupling. So I'm speaking to the folks that are
194 |193 |00:26:39 ~-~-> 00:26:42 |trading es, by the way, because I have a lot of students saying, You never talk
195 |194 |00:26:42 ~-~-> 00:26:48 |about es, why don't you like ES? I like the volatility and the price delivery in
196 |195 |00:26:48 ~-~-> 00:26:53 |nq, because NQ is a little bit more exaggerated. It's only 100 stocks versus
197 |196 |00:26:53 ~-~-> 00:27:00 |500 stocks that makes its composite index up. So SNP is a little bit slower.
198 |197 |00:27:00 ~-~-> 00:27:02 |It's a little bit like,
199 |198 |00:27:08 ~-~-> 00:27:13 |it's kind of cognac. I'm not a drinker, but it's like a cognac, and ES is kind
200 |199 |00:27:13 ~-~-> 00:27:18 |of like Johnny Walker or Jack Daniels. Okay, you want to get your ass tore up
201 |200 |00:27:18 ~-~-> 00:27:22 |real quick. You drink the cheap stuff, and you can drink a lot more of it, and
202 |201 |00:27:22 ~-~-> 00:27:28 |it's fun, it's fast, it's an easy, good time, but if you don't think you're
203 |202 |00:27:28 ~-~-> 00:27:34 |doing it can wreck you. ES is a little bit more sophisticated. It's a little
204 |203 |00:27:34 ~-~-> 00:27:44 |bit more well rounded, okay, and the the interest in volatility is my number one
205 |204 |00:27:44 ~-~-> 00:27:47 |concern for trading, because that's what I want as a trader. I need that
206 |205 |00:27:47 ~-~-> 00:27:53 |movement, and it's a lot easier to see that movement outlined in NQ versus
207 |206 |00:27:53 ~-~-> 00:28:03 |something like the the s, p here, I can see, even though the muddied waters of
208 |207 |00:28:03 ~-~-> 00:28:07 |the decoupling this morning, we still were able to ferret out, you know,
209 |208 |00:28:07 ~-~-> 00:28:13 |certain aspects of price. But it's not enough to warrant an entry, because,
210 |209 |00:28:13 ~-~-> 00:28:17 |just because you got in a trade, who cares if I would have got in here on
211 |210 |00:28:17 ~-~-> 00:28:21 |that? Who cares if I would have, you know, took profit down here, or had a
212 |211 |00:28:21 ~-~-> 00:28:24 |runner still that takes another car shot below that low and if it delivered, who
213 |212 |00:28:24 ~-~-> 00:28:29 |cares? It would. It would not mean anything to me as an educator, because
214 |213 |00:28:29 ~-~-> 00:28:32 |I've already outlined it as it's a decoupled market. It means it doesn't
215 |214 |00:28:32 ~-~-> 00:28:36 |have the highest degree probability. And as an educator, I'm trying to teach you
216 |215 |00:28:36 ~-~-> 00:28:40 |to focus on those circumstances, not just simply because, oh, there's a PD
217 |216 |00:28:40 ~-~-> 00:28:44 |array, and there's a liquidity pool. So let's couple those together and this,
218 |217 |00:28:44 ~-~-> 00:28:48 |throw anything at the wall and see what sticks as a short. And then you wonder
219 |218 |00:28:48 ~-~-> 00:28:52 |why you getting chopped up. Your Account being ground down, blown accounts,
220 |219 |00:28:52 ~-~-> 00:28:57 |failed combines, failed, funded accounts, losing real money and then
221 |220 |00:28:57 ~-~-> 00:29:05 |failure. It's because you're forcing things in conditions faster than you
222 |221 |00:29:05 ~-~-> 00:29:10 |should. In other words, you're taking a leap of faith when it doesn't warrant
223 |222 |00:29:10 ~-~-> 00:29:15 |that. Whereas if you had a lot of things going in your favor, where all the
224 |223 |00:29:15 ~-~-> 00:29:18 |indices were, all three were in agreement, they were moving in the same
225 |224 |00:29:18 ~-~-> 00:29:21 |direction. We traded back to the first presented Fairbank gap, and then it
226 |225 |00:29:21 ~-~-> 00:29:25 |showed displacement after that, then it's easy. We could drop down to a 15
227 |226 |00:29:25 ~-~-> 00:29:29 |second chart and take the very next fair value gap and trade, you know, in the in
228 |227 |00:29:29 ~-~-> 00:29:34 |that direction. It need not be complicated. But what does make it
229 |228 |00:29:34 ~-~-> 00:29:39 |complicated is you wrestling with your emotions and your impatience, because
230 |229 |00:29:39 ~-~-> 00:29:42 |you just simply want to get in here and do something, especially if you have
231 |230 |00:29:42 ~-~-> 00:29:46 |never made money or a profitable trade, even in demo yet, using the material and
232 |231 |00:29:46 ~-~-> 00:29:51 |teaching you're you're rushing to get to that one moment where it worked in your
233 |232 |00:29:51 ~-~-> 00:29:54 |hands, because you're telling yourself, if it does this, then I will be able to
234 |233 |00:29:54 ~-~-> 00:30:00 |stick with it. Because it's it's hard to learn how to be disciplined. It's. Hard
235 |234 |00:30:00 ~-~-> 00:30:04 |not. It's not hard to learn from me. If anybody gives you really specific rules
236 |235 |00:30:04 ~-~-> 00:30:09 |and a lot of a lot of limitations to say it that way, it's going to be hard to
237 |236 |00:30:09 ~-~-> 00:30:12 |learn under that. I'm looking at this little gap right here. I'm
238 |237 |00:30:25 ~-~-> 00:30:26 |Yeah, should be rolling over.
239 |238 |00:30:36 ~-~-> 00:30:44 |Really ugly, really, really ugly, but one of the things that I've appreciated
240 |239 |00:30:44 ~-~-> 00:30:49 |as an educator in this year's mentorship lectures is the feedback in the
241 |240 |00:30:49 ~-~-> 00:30:53 |comments. I see all of your comments, by the way, some of you are doing it very
242 |241 |00:30:54 ~-~-> 00:30:58 |smart by taking and leading little time stamps for things, for your notes. No
243 |242 |00:30:58 ~-~-> 00:31:04 |one else sees them. I can see them, but you're using the comment section on the
244 |243 |00:31:04 ~-~-> 00:31:08 |2024 mentorship videos as a way of annotating it, like it's your own
245 |244 |00:31:08 ~-~-> 00:31:11 |personal journal. That's the that's the right way of using my comment section,
246 |245 |00:31:12 ~-~-> 00:31:17 |okay? But I see every comment, every single one of them, the really long
247 |246 |00:31:17 ~-~-> 00:31:20 |ones. I generally skip over them because I don't have time to go through all that
248 |247 |00:31:20 ~-~-> 00:31:24 |stuff. And I'm sure they're very nice comments or whatever, but I don't have
249 |248 |00:31:24 ~-~-> 00:31:28 |time to read that kind of stuff so but usually the real short to a point. Thank
250 |249 |00:31:28 ~-~-> 00:31:32 |you so much. Or could you talk about this? Or I didn't understand that I use
251 |250 |00:31:32 ~-~-> 00:31:36 |all those things to kind of like, go into the discussion points in my next
252 |251 |00:31:36 ~-~-> 00:31:40 |lecture. Or if I come back around and talk about that topic again, I'll pull
253 |252 |00:31:40 ~-~-> 00:31:44 |from my notes any like bullet point things I want to kind of ring into the
254 |253 |00:31:44 ~-~-> 00:31:53 |conversation, the the feedback of you know, knowing when to sit still, because
255 |254 |00:31:53 ~-~-> 00:31:58 |the folks that are being honest and saying that they have had difficulty
256 |255 |00:31:58 ~-~-> 00:32:03 |initially, And now they're becoming a little bit more responsible, and they're
257 |256 |00:32:03 ~-~-> 00:32:07 |admitting that their results that were adverse initially was due to their
258 |257 |00:32:07 ~-~-> 00:32:09 |impatience, and then trying to do something too fast before they
259 |258 |00:32:09 ~-~-> 00:32:15 |understood what they were doing, and also forcing my concepts in conditions
260 |259 |00:32:15 ~-~-> 00:32:20 |that I as the author would never do it like I'm explaining today, what it is
261 |260 |00:32:20 ~-~-> 00:32:25 |that makes this morning a little bit more it doesn't mean it's impossible. It
262 |261 |00:32:25 ~-~-> 00:32:28 |just means that it's gonna be harder for you as a new trader, new student, to
263 |262 |00:32:28 ~-~-> 00:32:40 |navigate it. Hey, hush so down once more. Scouts always gotta her name's
264 |263 |00:32:40 ~-~-> 00:32:51 |Scout, S, C, O, U, T, not scalp. Like, like Boy Scout, like snipe, a Scout
265 |264 |00:32:51 ~-~-> 00:32:58 |Sniper. That's basically she's always got to show herself, don't you? Hey,
266 |265 |00:32:58 ~-~-> 00:33:09 |little girl, how's she that we've had your cameo for this morning, and look at
267 |266 |00:33:09 ~-~-> 00:33:15 |this price action. Compare that with what we just saw in the Dow. And then
268 |267 |00:33:15 ~-~-> 00:33:15 |now, Then
269 |268 |00:33:22 ~-~-> 00:33:23 |shut her up. You.
270 |269 |00:34:18 ~-~-> 00:34:26 |Sorry about that. All right, so I'd like to see if it can come back up in to the
271 |270 |00:34:26 ~-~-> 00:34:30 |range. Here it's it's done enough exploring for me. If it wants to go back
272 |271 |00:34:30 ~-~-> 00:34:34 |up in the air, I would like to see it come back and trade back into the
273 |272 |00:34:34 ~-~-> 00:34:40 |opening range gap. Would not want to short it would not be interested in
274 |273 |00:34:40 ~-~-> 00:34:48 |chasing it lower, s, p is shrugging off any willingness to want to go lower.
275 |274 |00:34:53 ~-~-> 00:35:01 |So look at the low here at 951, to present. Okay, and then look at the
276 |275 |00:35:01 ~-~-> 00:35:13 |NASDAQ. Lower in NASDAQ, which is what we expected anyway. We wanted to see the
277 |276 |00:35:13 ~-~-> 00:35:18 |NASDAQ lead to the downside, but the the SAP I mentioned earlier, I said I'd like
278 |277 |00:35:18 ~-~-> 00:35:21 |to see if it's going to show an unwillingness and kind of shrug off any
279 |278 |00:35:21 ~-~-> 00:35:27 |weakness we've we've seen that thus far. So in other words, then the S, P has not
280 |279 |00:35:27 ~-~-> 00:35:30 |been wanting to go lower, and you can already see how it's showing its
281 |280 |00:35:30 ~-~-> 00:35:35 |willingness to want to go higher now and not go lower. Focus in here and over
282 |281 |00:35:35 ~-~-> 00:35:36 |here, I'm
283 |282 |00:35:47 ~-~-> 00:35:59 |and then the minor one is here. And then Dow, still wanting to do what it wants
284 |283 |00:35:59 ~-~-> 00:36:01 |to do, the old Brett.
285 |284 |00:36:07 ~-~-> 00:36:13 |All right? And I think we're a little too far extended to want to come back
286 |285 |00:36:13 ~-~-> 00:36:21 |into this. I mean, it can, but I wouldn't demand it. And now, this one
287 |286 |00:36:21 ~-~-> 00:36:23 |right in here, remember I was telling you earlier? Telling you earlier that
288 |287 |00:36:23 ~-~-> 00:36:26 |could end up becoming an inversion fair value gap if we were trade back into the
289 |288 |00:36:26 ~-~-> 00:36:32 |range after breaking now below to the sell side we've seen so far over here.
290 |289 |00:36:32 ~-~-> 00:36:34 |Now sell side resides here.
291 |290 |00:36:42 ~-~-> 00:36:51 |If that. And what we want to see, what I would rather see is dow continue doing
292 |291 |00:36:51 ~-~-> 00:36:56 |what it's doing, going higher or consolidate, not drop. Let me go back
293 |292 |00:36:56 ~-~-> 00:37:10 |into the Dow. Dow either stays going higher or consolidates and allows ES to
294 |293 |00:37:10 ~-~-> 00:37:14 |hold his ground, not break below this low. We don't want to see that and
295 |294 |00:37:16 ~-~-> 00:37:21 |notice this width I was drawing on this consequent encroachment. It stopped it
296 |295 |00:37:21 ~-~-> 00:37:27 |here, traded back above it. And then the bodies consequent encroachment of this
297 |296 |00:37:27 ~-~-> 00:37:30 |wick, and then the low of that candlestick, right there, you see that.
298 |297 |00:37:30 ~-~-> 00:37:33 |And then this volume imbalance, we traded through it. And look what
299 |298 |00:37:33 ~-~-> 00:37:37 |happened right here. The body stopped on that high of that volume of balance. And
300 |299 |00:37:37 ~-~-> 00:37:41 |it stopped on the body right there at the open and started rallying, and it
301 |300 |00:37:41 ~-~-> 00:37:45 |went down into it, but didn't breach it. See that, it's interesting, isn't it
302 |301 |00:37:46 ~-~-> 00:37:49 |back into this fair value gap, but the liquidity rests here. So it doesn't make
303 |302 |00:37:49 ~-~-> 00:37:53 |any sense for it to come all up here, just to get to that it's already shown
304 |303 |00:37:53 ~-~-> 00:37:58 |it's not wanting to go to its own cell sign, which was down there. So so far,
305 |304 |00:37:58 ~-~-> 00:38:01 |even though it's decoupled, if you you're going to want to listen to this
306 |305 |00:38:01 ~-~-> 00:38:06 |again, even though it's not an exciting lecture. It's teaching you visibility
307 |306 |00:38:06 ~-~-> 00:38:10 |through this chaotic decoupling between the three averages, doing all different
308 |307 |00:38:10 ~-~-> 00:38:16 |things. I'm pulling out the things that are salient. What would be catalyst for
309 |308 |00:38:16 ~-~-> 00:38:21 |the market to see it back into its range? The s, p, would shake off any
310 |309 |00:38:21 ~-~-> 00:38:26 |weakness. That means it sets the stage for what SMT divergence, which it was
311 |310 |00:38:26 ~-~-> 00:38:35 |not willing to make lower lows here, when the NASDAQ was able to make lower
312 |311 |00:38:35 ~-~-> 00:38:42 |lows, and now we're trading up into this gap here. So we want to see, does it
313 |312 |00:38:42 ~-~-> 00:38:46 |want to trade? It can accumulate in here and run right out of that? That's that's
314 |313 |00:38:46 ~-~-> 00:38:51 |one of the caveats to an inversion fair value gap. If a market's extremely
315 |314 |00:38:51 ~-~-> 00:38:55 |strong and you're expecting it to perform like, like I've outlined here
316 |315 |00:38:55 ~-~-> 00:39:00 |before, before we even move back up into, I said, once we hit sell side, if
317 |316 |00:39:00 ~-~-> 00:39:06 |the ES fails to shrug off, I'm sorry if it fails and shrugs off weakness. That
318 |317 |00:39:06 ~-~-> 00:39:10 |means it fails to drop down, which is what we've seen so far, then this could
319 |318 |00:39:10 ~-~-> 00:39:15 |become an inversion fair value gap. And then we watched the NASDAQ create lower
320 |319 |00:39:15 ~-~-> 00:39:21 |low, but then the ES failed to make a lower low. At the same time that the
321 |320 |00:39:21 ~-~-> 00:39:26 |NASDAQ did that lower low at the same time that the Dow just keeps going
322 |321 |00:39:26 ~-~-> 00:39:33 |higher. So the way these indices could come back into agreement and become
323 |322 |00:39:33 ~-~-> 00:39:38 |symmetrical is dow stays consolidated. Don't don't lose, don't lose any ground,
324 |323 |00:39:38 ~-~-> 00:39:45 |don't go lower or keep going higher, and then es fails to make a lower low, and
325 |324 |00:39:45 ~-~-> 00:39:49 |that's what we've seen so far. NASDAQ makes the lower low and then comes back
326 |325 |00:39:49 ~-~-> 00:39:54 |into its range and uses this as an inversion fair value gap. Now the caveat
327 |326 |00:39:54 ~-~-> 00:39:59 |is it can just leave this thing and never come back down and touch it. You.
328 |327 |00:40:00 ~-~-> 00:40:03 |And use it as a discount array. So that's why, sometimes, if I'm extremely
329 |328 |00:40:03 ~-~-> 00:40:07 |if I'm really convicted on the idea that I think the market's going to go higher,
330 |329 |00:40:07 ~-~-> 00:40:11 |in this instance, I'd be taking the trade as it's hitting this candlesticks
331 |330 |00:40:11 ~-~-> 00:40:14 |high right there. We're trading right at this point now, because it's in
332 |331 |00:40:14 ~-~-> 00:40:18 |consequence, I'm just going to highlight the midpoint of it. So it kind of like
333 |332 |00:40:18 ~-~-> 00:40:27 |highlights the halfway point I'm uh, in instances where it's really bullish, it
334 |333 |00:40:27 ~-~-> 00:40:35 |affords me to get my first six contracts on, and I may not get my four contracts
335 |334 |00:40:35 ~-~-> 00:40:38 |if it comes back down and touches the high of the gap, which is this
336 |335 |00:40:38 ~-~-> 00:40:43 |candlestick low. So that's why, many times, if you look at my examples, I'm
337 |336 |00:40:43 ~-~-> 00:40:46 |entering inside of an inversion fair value gap before it actually proves
338 |337 |00:40:46 ~-~-> 00:40:50 |itself to you as my students, because I understand a little bit more what I'm
339 |338 |00:40:50 ~-~-> 00:40:54 |looking for. And I've also had instances where it just runs right out of the
340 |339 |00:40:54 ~-~-> 00:40:59 |inversion Fairbank, and I don't get either my fill or my second partial to
341 |340 |00:40:59 ~-~-> 00:41:04 |build into a pyramided position. So it's, it's kind of like a knack thing. I
342 |341 |00:41:04 ~-~-> 00:41:09 |don't have any rules that I could adequately explain to know when it just
343 |342 |00:41:09 ~-~-> 00:41:13 |runs away from the inversion fair value gap. It just just happens, kind of like
344 |343 |00:41:13 ~-~-> 00:41:17 |the same thing we've seen here, where I identified, for you, the first presented
345 |344 |00:41:17 ~-~-> 00:41:22 |fair value gap, but it, it didn't deliver to it as a short Okay, well,
346 |345 |00:41:22 ~-~-> 00:41:26 |because it dropped lower, we watched this thing pretty, pretty closely. This
347 |346 |00:41:26 ~-~-> 00:41:33 |morning. We called out the s, p, potentially shaking off any weakness,
348 |347 |00:41:34 ~-~-> 00:41:38 |and in a doubt, keep going higher. So we have a decoupled market, and we were
349 |348 |00:41:38 ~-~-> 00:41:42 |able to still see certain aspects and what price is likely to do, doesn't mean
350 |349 |00:41:42 ~-~-> 00:41:46 |it's going to always do it. I get it wrong a lot when it's decoupled. Don't,
351 |350 |00:41:46 ~-~-> 00:41:49 |don't think for a second. I'm trying to sell you on the idea that I'm 100%
352 |351 |00:41:50 ~-~-> 00:41:53 |inaccurate when there's a decoupling between the three averages. When I say
353 |352 |00:41:53 ~-~-> 00:41:58 |it becomes complicated and complex for precision, I mean it because there's a
354 |353 |00:41:58 ~-~-> 00:42:02 |lot of things that would otherwise be in play that I could point out to and say,
355 |354 |00:42:02 ~-~-> 00:42:07 |Look at this, and look at that. We're seeing a lot less of that here. There's
356 |355 |00:42:07 ~-~-> 00:42:10 |enough of them, obviously, for you to scratch your head and say, Wow, there
357 |356 |00:42:10 ~-~-> 00:42:13 |really is something to this. But it's not enough for me to feel convicted
358 |357 |00:42:13 ~-~-> 00:42:16 |enough to get in there and press the button and enter with real money. That's
359 |358 |00:42:16 ~-~-> 00:42:23 |kind of like what I'm trying to get at. So just know that if you're feeling the
360 |359 |00:42:23 ~-~-> 00:42:28 |impulse to want to send me a comment about, can you teach us how to know when
361 |360 |00:42:28 ~-~-> 00:42:31 |it's never going to come back to the inversion for everybody you got, I don't
362 |361 |00:42:31 ~-~-> 00:42:39 |have a way to articulate that, that that's an, that's a, I don't know
363 |362 |00:42:39 ~-~-> 00:42:42 |that's, that's, that's a limitation on me as a mentor. I just don't know how to
364 |363 |00:42:42 ~-~-> 00:42:47 |teach that. That's, there's a lot of things I have, those types of things
365 |364 |00:42:47 ~-~-> 00:42:51 |with that I'll never they're like taboo conversations where I'm never going to
366 |365 |00:42:51 ~-~-> 00:42:55 |bring them up because to do so or use them in a trade idea and trade them,
367 |366 |00:42:55 ~-~-> 00:43:01 |execute on them and say, This is my so and so, if I don't have a way of
368 |367 |00:43:02 ~-~-> 00:43:06 |explaining it to my kids, I'm certainly not going to have it to explain it to
369 |368 |00:43:06 ~-~-> 00:43:09 |you. So it's just one of those things I have my back pocket that it's an
370 |369 |00:43:09 ~-~-> 00:43:13 |experience thing. It's something I've acquired over years of doing it. And
371 |370 |00:43:14 ~-~-> 00:43:17 |it's not something that's an event. It's an it's not an advantage. It's just a
372 |371 |00:43:17 ~-~-> 00:43:22 |me. It's a me thing to justify why I don't have to have a return back to that
373 |372 |00:43:22 ~-~-> 00:43:27 |inversion fair value gap, because my compensation is I just go in when I know
374 |373 |00:43:27 ~-~-> 00:43:31 |I'm bullish, I'll just enter inside of the inversion fair value gap as it
375 |374 |00:43:31 ~-~-> 00:43:35 |touches the candle that enters it, which is here, we saw that there, and I said,
376 |375 |00:43:35 ~-~-> 00:43:38 |or I'll just go in at the consequent crushment And look at the bodies of the
377 |376 |00:43:38 ~-~-> 00:43:41 |candles right there. You see that. And then we've already delivered here. So
378 |377 |00:43:41 ~-~-> 00:43:45 |this is right here, more than most of the folks you see on live streamers that
379 |378 |00:43:45 ~-~-> 00:43:50 |they're trying to capture, something like that, all live explained to you,
380 |379 |00:43:51 ~-~-> 00:43:57 |even in a little bit more difficult market. But these are the kind of
381 |380 |00:43:57 ~-~-> 00:44:01 |lectures that I wish someone was teaching when I was coming up in 1992
382 |381 |00:44:01 ~-~-> 00:44:06 |because that would have really helped me slow down, and I would have not hurt
383 |382 |00:44:06 ~-~-> 00:44:11 |myself as much as I did, because I was in a rush to try to make money and quit
384 |383 |00:44:11 ~-~-> 00:44:14 |my job and get out of poverty. Basically, you know, I was living
385 |384 |00:44:14 ~-~-> 00:44:20 |paycheck to paycheck with a part time job and in school. So it was, it was a
386 |385 |00:44:20 ~-~-> 00:44:27 |wreck. Let's take a quick look at the Dow once more.
387 |386 |00:44:32 ~-~-> 00:44:44 |Okay, and yes, instead of buy side here. That's probably random. And then we
388 |387 |00:44:44 ~-~-> 00:44:49 |would want to see it, just for good measure, I'd like to see it, okay, smoke
389 |388 |00:44:49 ~-~-> 00:44:56 |those highs right there. We could do that before 1030 fill. I'd appreciate it
390 |389 |00:44:56 ~-~-> 00:45:10 |if it's a. A friendly request, and then back to NASDAQ. See how we just keep
391 |390 |00:45:10 ~-~-> 00:45:15 |gaining ground, and we never came back into what would be viewed as inversion
392 |391 |00:45:15 ~-~-> 00:45:21 |fair value gap, if you're extremely bullish and what you've already outlined
393 |392 |00:45:21 ~-~-> 00:45:25 |or anticipate as an inversion fair value got if you're bullish, like if you're
394 |393 |00:45:25 ~-~-> 00:45:28 |really, really bullish, why would you wait for it to come away from it and
395 |394 |00:45:28 ~-~-> 00:45:45 |come back down? That is a in a lot of ways, that is a I uh, slow to the dance
396 |395 |00:45:45 ~-~-> 00:45:51 |party, or last to the dance floor perspective. If you really want to get
397 |396 |00:45:51 ~-~-> 00:45:55 |out there and Boogie and get down, then get out and get down. So if I know I'm
398 |397 |00:45:55 ~-~-> 00:45:59 |bullish, once we enter this area in here, I already have the conviction that
399 |398 |00:45:59 ~-~-> 00:46:04 |I want to see it, use it as a inversion fair value gap. So why would I give up
400 |399 |00:46:04 ~-~-> 00:46:08 |the opportunity to take an entry at a very low price inside that inversion
401 |400 |00:46:08 ~-~-> 00:46:12 |fair value gap, like at the top of that candlestick here, or at the mean
402 |401 |00:46:12 ~-~-> 00:46:16 |threshold, oops, mean threshold, the consequent encroachment, which is the
403 |402 |00:46:16 ~-~-> 00:46:21 |midpoint of this gap. And you can see the bodies delivering on that basis
404 |403 |00:46:21 ~-~-> 00:46:25 |right there. And that, to me is, you know, again, a signature that I try to
405 |404 |00:46:25 ~-~-> 00:46:29 |press upon you as my students to say, look, you know, what's the chances of
406 |405 |00:46:29 ~-~-> 00:46:33 |that happening where the bodies closed and open on the second candle occur
407 |406 |00:46:33 ~-~-> 00:46:37 |right at the midpoint? And these are things that I keep teaching you to look
408 |407 |00:46:37 ~-~-> 00:46:43 |for. And it's a farce for everyone to come out here and say that doesn't agree
409 |408 |00:46:43 ~-~-> 00:46:47 |with an algorithmic price delivery mechanism or engine that delivers price.
410 |409 |00:46:47 ~-~-> 00:46:50 |They'll say it's buying and selling pressure. And my question is is, how on
411 |410 |00:46:50 ~-~-> 00:46:57 |earth, how on earth did the buyers and sellers agree to allow the candlesticks
412 |411 |00:46:57 ~-~-> 00:47:01 |that are time based here in the time based candlestick is your advantage
413 |412 |00:47:02 ~-~-> 00:47:06 |these Renko things, or whatever else kind of bars you want to call it range
414 |413 |00:47:06 ~-~-> 00:47:10 |bars, they are not going to give you the insight that the algorithm is literally
415 |414 |00:47:10 ~-~-> 00:47:14 |never going to be able to hide from you. It's never, ever, ever going to be able
416 |415 |00:47:14 ~-~-> 00:47:18 |to hide from you, as long as you're utilizing the aspect of time first. And
417 |416 |00:47:18 ~-~-> 00:47:22 |that's what an open, high, low close, or a candlestick with open, high, low and
418 |417 |00:47:22 ~-~-> 00:47:28 |close function is in charting. So if you're looking at price through the lens
419 |418 |00:47:28 ~-~-> 00:47:33 |of this mechanism, you're never going to be lost. It doesn't mean you're going to
420 |419 |00:47:33 ~-~-> 00:47:36 |be right about everything you're looking for. It just means that you're never
421 |420 |00:47:36 ~-~-> 00:47:40 |going to not be able to see what the algorithm is doing. But when they get in
422 |421 |00:47:40 ~-~-> 00:47:45 |there, they intervene. You also can see that too. You can also see when that's
423 |422 |00:47:45 ~-~-> 00:47:49 |occurring. You cannot see that with range bars. You cannot see that with
424 |423 |00:47:49 ~-~-> 00:47:54 |hikinashi. You can't see that with all this other nonsense, these things, these
425 |424 |00:47:54 ~-~-> 00:47:57 |gimmicks, they're all designed. I'm watching this little gap right here. I
426 |425 |00:47:57 ~-~-> 00:48:02 |know it's hard to see because I got my watermark on it. That little gap right
427 |426 |00:48:02 ~-~-> 00:48:06 |there. I don't want to paint over top of what I already have here, because I'm
428 |427 |00:48:06 ~-~-> 00:48:10 |watching. Does it want to just spike into this and then try to continue on?
429 |428 |00:48:10 ~-~-> 00:48:17 |Or does it want to use this order block right here? The I'm waiting to see if it
430 |429 |00:48:17 ~-~-> 00:48:21 |can get up in the first presented fair value. That's kind of like, really want
431 |430 |00:48:21 ~-~-> 00:48:24 |to, want to see, I'm hoping it could do that before we close session. But if it
432 |431 |00:48:24 ~-~-> 00:48:29 |doesn't do it by 1030 you know, I'll leave you with my comments before I
433 |432 |00:48:29 ~-~-> 00:48:32 |close the stream down. But this is enough. This is a profitable study so
434 |433 |00:48:32 ~-~-> 00:48:36 |far because we're working in a problematic condition. You're not going
435 |434 |00:48:36 ~-~-> 00:48:40 |to hear your live streamers explain to you what's going on, why the markets are
436 |435 |00:48:40 ~-~-> 00:48:43 |decoupled. You're not going to explain to you which which markets going to
437 |436 |00:48:43 ~-~-> 00:48:46 |behave a certain way, which one's going to fail to make a lower low and which
438 |437 |00:48:46 ~-~-> 00:48:49 |one is going to make a low income back in the range. That's exactly what you
439 |438 |00:48:49 ~-~-> 00:48:52 |watched me do today. There's no way around that. It's exactly what you've
440 |439 |00:48:52 ~-~-> 00:48:57 |watched me do. I've explained it. I gave you details. I tried to be very succinct
441 |440 |00:48:57 ~-~-> 00:49:00 |about it today, because I had a lot of fun yesterday, in case you didn't
442 |441 |00:49:00 ~-~-> 00:49:09 |notice, but I wanted to be a little bit more academic with you today, and based
443 |442 |00:49:09 ~-~-> 00:49:13 |on what we were watching this morning, it gave me a wonderful stage to do that,
444 |443 |00:49:13 ~-~-> 00:49:18 |because you got to know how to trade if you're going to navigate these types of
445 |444 |00:49:18 ~-~-> 00:49:21 |markets like today, if you don't know how to trade, you're not going to Know
446 |445 |00:49:21 ~-~-> 00:49:24 |what I'm telling you. You're not going to see it and know that. Okay, this is
447 |446 |00:49:24 ~-~-> 00:49:29 |not something I want to be participating in, and that's experience. And most of
448 |447 |00:49:29 ~-~-> 00:49:33 |these live streamers, they don't have that kind of experience. No knock
449 |448 |00:49:33 ~-~-> 00:49:40 |against any of them, really, but they don't have it. So we're back inside that
450 |449 |00:49:40 ~-~-> 00:49:45 |order block I was mentioning right here still, still could come right back down
451 |450 |00:49:45 ~-~-> 00:49:49 |in and hit that inversion fairbag app, it's not, it's not out the realm of
452 |451 |00:49:49 ~-~-> 00:49:52 |possibilities. It still can do that because there's a little gap in here.
453 |452 |00:49:52 ~-~-> 00:49:56 |But preferably I'd like to see that stay open. If I could see that stay open,
454 |453 |00:49:56 ~-~-> 00:50:00 |that would fuel a run higher than the first retention Fairbank. Gap and a gap
455 |454 |00:50:00 ~-~-> 00:50:07 |closure, and then even here, but more so back to this buy side. There that line,
456 |455 |00:50:11 ~-~-> 00:50:15 |and despite everything that's been outlined here, I have absolutely zero
457 |456 |00:50:16 ~-~-> 00:50:24 |interest in being in the marketplace. And couple that with the visibility,
458 |457 |00:50:24 ~-~-> 00:50:27 |knowing what I'm looking for, even though it's something I'm not willing to
459 |458 |00:50:27 ~-~-> 00:50:32 |trade, still being able to anticipate what is likely to happen in price one on
460 |459 |00:50:32 ~-~-> 00:50:36 |one minute chart, where it's supposed to be just noise. Remember Goldman Sachs
461 |460 |00:50:36 ~-~-> 00:50:40 |guys, these alumni from Goldman Sachs, they're going to tell you that there's
462 |461 |00:50:40 ~-~-> 00:50:43 |no rhyme or reason why the market's going to go up. No one can tell you. No
463 |462 |00:50:43 ~-~-> 00:50:47 |con man can tell you when it's going to move or how it's going to go up, or
464 |463 |00:50:47 ~-~-> 00:50:51 |where it's going to move to on these lower time frames. But they're going to
465 |464 |00:50:51 ~-~-> 00:50:57 |say only higher time frames work. Price is doing the same thing when the higher
466 |465 |00:50:57 ~-~-> 00:51:00 |Time Frame chart that it's dealing in a lower time frame, it's not it's not a
467 |466 |00:51:00 ~-~-> 00:51:05 |different price. It's the same price. It's behaving the same way, whatever
468 |467 |00:51:05 ~-~-> 00:51:09 |price it is at the market at any given moment, whether we're looking at a one
469 |468 |00:51:09 ~-~-> 00:51:13 |minute chart, a 32nd chart, a one second chart, a weekly chart, it's still, it's
470 |469 |00:51:13 ~-~-> 00:51:17 |still the same price. And these are Goldman Sachs boys are telling that
471 |470 |00:51:17 ~-~-> 00:51:25 |these are supposed to be the the elites. They're not elites. They're not and
472 |471 |00:51:25 ~-~-> 00:51:29 |you're seeing that there's literally no reason to believe these type of people
473 |472 |00:51:29 ~-~-> 00:51:35 |that tell you, they try to discourage you when you're trying to learn how to
474 |473 |00:51:35 ~-~-> 00:51:38 |time the market correctly. And there's a way of doing it. I mean, I've proven it.
475 |474 |00:51:38 ~-~-> 00:51:43 |I've very, very wealthy students now that came out and they proved that they
476 |475 |00:51:43 ~-~-> 00:51:46 |have the receipts and whatnot, and they're using the same logics you're
477 |476 |00:51:46 ~-~-> 00:51:51 |learning right here, and they're getting more detail at the same time you're
478 |477 |00:51:51 ~-~-> 00:51:55 |learning it too in this 2024 mentorship, you're getting to see it over live price
479 |478 |00:51:55 ~-~-> 00:52:00 |action is exactly what I was doing with mentorship students, and it's
480 |479 |00:52:00 ~-~-> 00:52:04 |fascinating to See how some people don't see the value in it, because this is
481 |480 |00:52:04 ~-~-> 00:52:08 |exactly what I wanted. But I knew it didn't exist when I first started in
482 |481 |00:52:08 ~-~-> 00:52:15 |1992 no one was willing to do this. Not one person was willing to do this. And I
483 |482 |00:52:15 ~-~-> 00:52:18 |guess, in all fairness, I guess we really didn't have the technology at the
484 |483 |00:52:18 ~-~-> 00:52:23 |time to do it. I mean, I guess the best thing it was is we had message boards
485 |484 |00:52:23 ~-~-> 00:52:28 |back then and we had chat rooms. Okay, great, and it wasn't like this, where we
486 |485 |00:52:28 ~-~-> 00:52:32 |can literally share the screen, I can comment, or they could comment over
487 |486 |00:52:32 ~-~-> 00:52:35 |their charts live and build an idea around what it should behave, around
488 |487 |00:52:35 ~-~-> 00:52:41 |what it should be, what should it do next? And why should it do this? And why
489 |488 |00:52:41 ~-~-> 00:52:45 |should it not do the other things? And you can't get that from a book, okay?
490 |489 |00:52:45 ~-~-> 00:52:50 |You can't get that from people, even if you go to like a workshop or a seminar.
491 |490 |00:52:50 ~-~-> 00:52:55 |Most seminars are always, generally held on weekends, where it protects the
492 |491 |00:52:55 ~-~-> 00:52:59 |teacher from never be having the accountability and the responsibility of
493 |492 |00:52:59 ~-~-> 00:53:04 |proving it over live price action. And I've never been a fan of that. And
494 |493 |00:53:04 ~-~-> 00:53:07 |there's a lot of well known, quote, unquote, educators out there that did
495 |494 |00:53:07 ~-~-> 00:53:10 |all these types of workshops, you know, these three day workshops, or two day
496 |495 |00:53:10 ~-~-> 00:53:16 |weekend work workshops where you have the built in parachute protection of
497 |496 |00:53:16 ~-~-> 00:53:20 |never being held to Well, tell me how that would be used or seen in price
498 |497 |00:53:20 ~-~-> 00:53:24 |action live. They don't have to do that because it's on a Saturday and a Sunday,
499 |498 |00:53:24 ~-~-> 00:53:27 |right? Or in a Friday evening where you have a nice dinner experience with them,
500 |499 |00:53:27 ~-~-> 00:53:30 |yeah, screw that. I don't have that. I don't have any interest in that. Because
501 |500 |00:53:30 ~-~-> 00:53:33 |if you're not willing to get out here and explain it to me real time over
502 |501 |00:53:33 ~-~-> 00:53:36 |price action, give me, give me a little bit of time. You don't have to do it,
503 |502 |00:53:36 ~-~-> 00:53:40 |you know, for a whole year. You ain't got to do it for, you know, six months,
504 |503 |00:53:40 ~-~-> 00:53:44 |but give me a couple months at least. How about a month sit down and explain
505 |504 |00:53:44 ~-~-> 00:53:47 |the logic of what you're looking for in price action. And here I have been doing
506 |505 |00:53:47 ~-~-> 00:53:51 |it with you all, and still, I had students that said there was no value in
507 |506 |00:53:52 ~-~-> 00:53:56 |it, and that tells you that they're not willing to learn. They wanted signals.
508 |507 |00:53:56 ~-~-> 00:54:01 |That's what they wanted. They wanted to see signals generated. And the first
509 |508 |00:54:01 ~-~-> 00:54:07 |thing you have to learn is capital preservation, knowing how you're going
510 |509 |00:54:07 ~-~-> 00:54:11 |to lose money and what type of market environment you're going to lose money.
511 |510 |00:54:11 ~-~-> 00:54:15 |And if you can't recognize that, you're not going to recognize the increased
512 |511 |00:54:15 ~-~-> 00:54:22 |difficulty in you applying the things that work in good markets because the
513 |512 |00:54:22 ~-~-> 00:54:25 |complexity of having a market decoupled
514 |513 |00:54:27 ~-~-> 00:54:32 |and you trying to be demanding of precision elements that may elude you,
515 |514 |00:54:32 ~-~-> 00:54:36 |not because my concepts don't work. It's just because you're literally trying to
516 |515 |00:54:36 ~-~-> 00:54:41 |run in mud. It doesn't work that way. So you have to be a little bit more
517 |516 |00:54:41 ~-~-> 00:54:48 |reserved and say, Okay, I'm not trying to force a trade, but I am going to
518 |517 |00:54:48 ~-~-> 00:54:52 |watch price action and see if these things that are being outlined are
519 |518 |00:54:52 ~-~-> 00:54:57 |helpful. Are they indicating anything in terms of prognostication? Did you see
520 |519 |00:54:57 ~-~-> 00:55:05 |the the s? Let's go. Back to it real quick. Did you see the ES shrug off its
521 |520 |00:55:05 ~-~-> 00:55:10 |unwillingness or not want to go down to its lows here? It showed an
522 |521 |00:55:10 ~-~-> 00:55:15 |unwillingness to do that, as we indicated this morning. And it would run
523 |522 |00:55:15 ~-~-> 00:55:20 |for the buy side here, and it would run over here to that now, only a fraud
524 |523 |00:55:20 ~-~-> 00:55:26 |could tell you this beforehand, okay? I mean union rules as as you know, the
525 |524 |00:55:26 ~-~-> 00:55:32 |committee tells us, every fraud has to, you know, tell you in advance exactly
526 |525 |00:55:32 ~-~-> 00:55:35 |where the price is going to go on very complex days. We have to do that,
527 |526 |00:55:35 ~-~-> 00:55:42 |because if we don't do that, we can't be kept in the union protection. Okay? It's
528 |527 |00:55:42 ~-~-> 00:55:45 |just the union rules. It's something we all have to do, folks. It's just the way
529 |528 |00:55:45 ~-~-> 00:55:48 |it is. I can't do anything about it. But when we go back to the NQ,
530 |529 |00:55:54 ~-~-> 00:55:59 |make that in your documentary. We have the market making that lower low in
531 |530 |00:55:59 ~-~-> 00:56:03 |NASDAQ, as I indicated, would likely do after it took its initial sell side.
532 |531 |00:56:03 ~-~-> 00:56:06 |Remember, it was a little bit higher up here. It went down below it, and then I
533 |532 |00:56:06 ~-~-> 00:56:11 |wanted to see it trade back into its range if es failed to make a lower low.
534 |533 |00:56:11 ~-~-> 00:56:16 |So what did I do? I forecasted a SMT divergence. Before it happened, I told
535 |534 |00:56:16 ~-~-> 00:56:19 |you that we would see it return back into its range and come back up into the
536 |535 |00:56:19 ~-~-> 00:56:23 |first percent of fair value gap. And thank you so much, Phil for being a
537 |536 |00:56:23 ~-~-> 00:56:27 |gentleman today, allowing it to happen before 1030 and we're back inside the
538 |537 |00:56:27 ~-~-> 00:56:33 |opening range as well. So what I would like to see it do is just power on
539 |538 |00:56:33 ~-~-> 00:56:37 |higher up and punish those that are short, that have their stop loss sitting
540 |539 |00:56:37 ~-~-> 00:56:41 |right there. And if they're going to run that high, then it's reasonable to
541 |540 |00:56:41 ~-~-> 00:56:49 |anticipate that little Lego looking area price action I was mentioning earlier.
542 |541 |00:57:02 ~-~-> 00:57:09 |I I got this orient here. I'm trying to remember where I saw a little, tiny,
543 |542 |00:57:09 ~-~-> 00:57:18 |little segment of price action. It was a little too boxy looking. Anyway, the key
544 |543 |00:57:18 ~-~-> 00:57:22 |takeaways today are simply this. You're learning from somebody knows what
545 |544 |00:57:22 ~-~-> 00:57:25 |they're talking about. Talking about. And I do a lot of things online to stir
546 |545 |00:57:25 ~-~-> 00:57:29 |up a lot of commotion, because it's my way of bringing traffic to my channel.
547 |546 |00:57:29 ~-~-> 00:57:32 |Because I don't advertise or pay for advertisement, I never do that. I
548 |547 |00:57:32 ~-~-> 00:57:36 |manipulate the viewers mindset, so that way you're going to argue about
549 |548 |00:57:36 ~-~-> 00:57:39 |defending me or not defending me, or you're going to troll me, and because
550 |549 |00:57:39 ~-~-> 00:57:41 |you're talking about me, you're going to bring people to my channel and they're
551 |550 |00:57:41 ~-~-> 00:57:44 |going to watch me do things. Me do things like this, and then they're going
552 |551 |00:57:44 ~-~-> 00:57:47 |to be stuck in a quagmire, because they're going to either listen to your
553 |552 |00:57:47 ~-~-> 00:57:50 |opinion that's biased, because I gave you that opinion, because I I
554 |553 |00:57:50 ~-~-> 00:57:53 |manipulated that. I put you in that situation. They make you feel empowered,
555 |554 |00:57:53 ~-~-> 00:57:57 |so you can make videos about me, and then the people that watch your videos,
556 |555 |00:57:57 ~-~-> 00:58:01 |and you get paid for that, okay, but I'm not paying you, but you're going to send
557 |556 |00:58:01 ~-~-> 00:58:04 |those viewers right to this channel, and they're going to watch me outline this
558 |557 |00:58:04 ~-~-> 00:58:08 |stuff in advance, and it's going to be a question in their mind, either I'm time
559 |558 |00:58:08 ~-~-> 00:58:12 |traveling, I'm using delay data, if they're watching the stream later on,
560 |559 |00:58:12 ~-~-> 00:58:15 |and they're not here live, but there's so many people here watching it live,
561 |560 |00:58:16 ~-~-> 00:58:21 |it's undeniable. I'm on the lowest latency, the lowest latency on live
562 |561 |00:58:21 ~-~-> 00:58:25 |stream on YouTube. That's why they don't let me have the closed captions, because
563 |562 |00:58:25 ~-~-> 00:58:29 |if anyone wants a live stream and test it themselves, you'll see that you
564 |563 |00:58:29 ~-~-> 00:58:33 |cannot do closed caption when you're using the lowest latency. So if I'm
565 |564 |00:58:33 ~-~-> 00:58:36 |going to be talking to you over a one minute chart, or less than a one minute
566 |565 |00:58:36 ~-~-> 00:58:40 |chart, I'm going to use the lowest latency, because I want you to see there
567 |566 |00:58:40 ~-~-> 00:58:44 |is no delay. Okay? I'm not using a delay chart. I'm not I'm not defrauding you
568 |567 |00:58:44 ~-~-> 00:58:47 |with fake delayed data and using Market Replay. I'm not doing those things,
569 |568 |00:58:47 ~-~-> 00:58:54 |folks. I don't need that. I don't need a handicap like that. So the main takeaway
570 |569 |00:58:54 ~-~-> 00:59:00 |is this, I know what my algorithm is going to do. Yes, it's mine. Okay? It's
571 |570 |00:59:00 ~-~-> 00:59:03 |very, very straightforward, isn't it? Okay? It's the time to put the bullshit
572 |571 |00:59:03 ~-~-> 00:59:09 |aside. It's mine. It's got my fingerprints all over it, mine. Okay?
573 |572 |00:59:09 ~-~-> 00:59:14 |When I talk to you, I'm talking to you as its coder, okay? As its author, as
574 |573 |00:59:14 ~-~-> 00:59:19 |its designer and engineer. I am the man. I am the motherfucking man. Whether you
575 |574 |00:59:19 ~-~-> 00:59:23 |want to believe it or not, I don't give a shit. I don't care if I'm not allowed
576 |575 |00:59:23 ~-~-> 00:59:30 |to sit at the table. I'm gonna make more of me. Don't you get it? Don't you guess
577 |576 |00:59:30 ~-~-> 00:59:37 |my name. If I can sit here and tell you what the market's gonna do and what
578 |577 |00:59:37 ~-~-> 00:59:42 |market is gonna do this and what market's going to do that before it does
579 |578 |00:59:42 ~-~-> 00:59:48 |it, and then it behaves a certain way, and it delivers, and I tell you, an
580 |579 |00:59:48 ~-~-> 00:59:53 |inversion value, a fair value gap that was going to form here. It may not come
581 |580 |00:59:53 ~-~-> 00:59:57 |back down and touch it, and you're looking for it to come back down and
582 |581 |00:59:57 ~-~-> 01:00:01 |trade there, I'm telling you, I'm going to enter it. Uh, right there as it
583 |582 |01:00:01 ~-~-> 01:00:04 |touches the candlesticks high. And if I don't get that price, I'm going to get
584 |583 |01:00:04 ~-~-> 01:00:08 |the consequent encroachment, and then it runs away. Does it ever come back down
585 |584 |01:00:08 ~-~-> 01:00:11 |then touch that? No, I told you I wanted this fair bag. Got to stay open. Why?
586 |585 |01:00:12 ~-~-> 01:00:19 |Because that would be a breakaway gap. It leaves this PD array, and if it's
587 |586 |01:00:19 ~-~-> 01:00:23 |breaking away. It's not going to come back down. It could. It could have done
588 |587 |01:00:23 ~-~-> 01:00:26 |that. And then I would say that would be an entry point right there. But I said I
589 |588 |01:00:26 ~-~-> 01:00:30 |would prefer to stay open. And I told you I wanted to see it trade back up in
590 |589 |01:00:30 ~-~-> 01:00:33 |the opening range gap, which are these two blue lines here? But more
591 |590 |01:00:33 ~-~-> 01:00:36 |specifically, I want to see a trade back to my first presented fair value gap.
592 |591 |01:00:36 ~-~-> 01:00:40 |That's what it's coded to do. That's why it's there. That's why it's designed to
593 |592 |01:00:40 ~-~-> 01:00:45 |be there because it gives me an edge. It gives me the advantage that none of you
594 |593 |01:00:45 ~-~-> 01:00:49 |ever had, none of you ever had that advantage. None of you ever had the
595 |594 |01:00:49 ~-~-> 01:00:53 |ability to sit down and know exactly why it should do and why it should do
596 |595 |01:00:53 ~-~-> 01:00:58 |certain things. You've never heard another person ever ever sit here talk
597 |596 |01:00:58 ~-~-> 01:01:02 |to you with the authority that I owe. It's never happened, and I'm doing it
598 |597 |01:01:02 ~-~-> 01:01:05 |over live data, so there's no Joker that can come around and say, Oh, well, look
599 |598 |01:01:05 ~-~-> 01:01:08 |at this. And look at that. Look at everything. I want you to look at all
600 |599 |01:01:08 ~-~-> 01:01:13 |that stuff and come right here and watch me operate. That's what I want. I love
601 |600 |01:01:13 ~-~-> 01:01:17 |placing you in the hot seat where you're forced to to have you have to admit it.
602 |601 |01:01:18 ~-~-> 01:01:24 |You have to admit it that you're not seeing anything in retail here, you're
603 |602 |01:01:24 ~-~-> 01:01:30 |watching someone that knows exactly what's going to happen, period. And now
604 |603 |01:01:30 ~-~-> 01:01:34 |you're left with another testimony of that you have to arm wrestle with how I
605 |604 |01:01:34 ~-~-> 01:01:39 |knew how to do this today. How, how on earth could this possibly keep repeating
606 |605 |01:01:39 ~-~-> 01:01:45 |every single day, every single day, and you're out here wanting to send money to
607 |606 |01:01:45 ~-~-> 01:01:49 |these other people that are literally resetting their funded account
608 |607 |01:01:49 ~-~-> 01:01:55 |challenges in front of you, and they're making money off of you while failing in
609 |608 |01:01:55 ~-~-> 01:01:58 |front of you, not knowing where the market's going to go, but they have an
610 |609 |01:01:58 ~-~-> 01:02:03 |opinion about everybody else, and I'm literally laying this in your hands for
611 |610 |01:02:03 ~-~-> 01:02:08 |free. For free. There's no future mentorship. I have nothing dangling.
612 |611 |01:02:08 ~-~-> 01:02:13 |There's no carrot. There's nothing here, but just a simple truth. I told you who
613 |612 |01:02:13 ~-~-> 01:02:18 |I was from the beginning, but you don't want to believe me. How many times do I
614 |613 |01:02:18 ~-~-> 01:02:22 |keep doing it? How many times do you have to keep seeing me do these things
615 |614 |01:02:22 ~-~-> 01:02:29 |before you recognize who I am? Think, think, folks, how many times do you have
616 |615 |01:02:29 ~-~-> 01:02:38 |to see this? It's delicious. So there's a lot of things that you're going to be
617 |616 |01:02:38 ~-~-> 01:02:42 |met with on days like this, and you're going to expect to see certain things
618 |617 |01:02:43 ~-~-> 01:02:47 |pan out if you don't recognize the decoupling. And the decoupling, again,
619 |618 |01:02:47 ~-~-> 01:02:53 |is the unwillingness for all three averages to move in the same direction.
620 |619 |01:02:54 ~-~-> 01:02:58 |Okay? And as soon as you see this, this is what you want to write down your
621 |620 |01:02:58 ~-~-> 01:03:01 |notes, too, because I didn't mention this earlier, as soon as soon as you
622 |621 |01:03:01 ~-~-> 01:03:05 |notice that just the decoupling between the three averages where the Dow was
623 |622 |01:03:05 ~-~-> 01:03:10 |going up initially. Let me do this, because I really want to be able to show
624 |623 |01:03:10 ~-~-> 01:03:12 |it to you. All right. So
625 |624 |01:03:19 ~-~-> 01:03:27 |let's do this. I'm all right, so here's the NASDAQ chart, and then we're going
626 |625 |01:03:27 ~-~-> 01:03:32 |to put the Dow here. I'll save this part, and then I'm going to close it. I
627 |626 |01:03:32 ~-~-> 01:03:35 |know you want to know. You want me to keep going, going, going, I don't know,
628 |627 |01:03:35 ~-~-> 01:03:40 |like the Energizer button, but I've done enough for today. I want to take care of
629 |628 |01:03:40 ~-~-> 01:03:44 |some personal matters, I'm trying to find Delmonte sliced carrots, and I
630 |629 |01:03:44 ~-~-> 01:03:50 |don't know why I can't find them. Every store I go to, they don't have them, and
631 |630 |01:03:50 ~-~-> 01:03:55 |that's my preferred carrots. But I'm not eating a raw carrot for food storage. I
632 |631 |01:03:56 ~-~-> 01:04:00 |I prefer that one, and I don't know why I can't find them. If you know where I
633 |632 |01:04:00 ~-~-> 01:04:08 |can get some I appreciate it, but I'm on a hunt for Del Monte God carrots. So
634 |633 |01:04:08 ~-~-> 01:04:21 |here is the ES, here is, let's one minute chart on that, the Dow, yeah.
635 |634 |01:04:21 ~-~-> 01:04:31 |Okay, so we've seen at nine o'clock this morning the ES, it drops down. At nine
636 |635 |01:04:31 ~-~-> 01:04:34 |o'clock in the morning here we have a little bit of movement lower, and then
637 |636 |01:04:34 ~-~-> 01:04:38 |the Dow says, Oh, absolutely not. I'm not interested. It starts going higher
638 |637 |01:04:39 ~-~-> 01:04:46 |at the same time the the S P was going lower, and at the same time, we see the
639 |638 |01:04:46 ~-~-> 01:04:54 |NASDAQ dropping down, okay, in all this mess here, because listen, because there
640 |639 |01:04:54 ~-~-> 01:05:02 |is no symmetry meaning that you. The Dow was going one direction, s, p was going
641 |640 |01:05:02 ~-~-> 01:05:08 |lower, and NASDAQ was going lower. That's fine. How can I still read the
642 |641 |01:05:08 ~-~-> 01:05:14 |the NASDAQ like I did? Because I had the decoupling that still existed
643 |642 |01:05:14 ~-~-> 01:05:19 |directionally with the ES, I don't care so much about the Dow. The Dow tells me
644 |643 |01:05:19 ~-~-> 01:05:23 |I'm in a decoupled state. That means I'm going to lose a lot of precision. That
645 |644 |01:05:23 ~-~-> 01:05:28 |means I'm going to lose a lot of resolution, invisibility, of reading,
646 |645 |01:05:28 ~-~-> 01:05:32 |price action in my NASDAQ, and I'm definitely going to have a lot of
647 |646 |01:05:32 ~-~-> 01:05:37 |resolution issues in the ES. It's going to cause like a fuzzy, out of focus
648 |647 |01:05:37 ~-~-> 01:05:41 |picture, even though I can see it's likely to keep going down. And I told
649 |648 |01:05:41 ~-~-> 01:05:44 |you, listen, you're going to go back and listen to the stream and hear me say
650 |649 |01:05:44 ~-~-> 01:05:49 |this. I want to see es shrug off any willingness to go lower by shrugging off
651 |650 |01:05:49 ~-~-> 01:05:53 |weakness. That means failing to go lower. If it fails to go down, take it
652 |651 |01:05:53 ~-~-> 01:05:57 |sell side. That's what I want to see. I'm waiting to see that. That means, if
653 |652 |01:05:57 ~-~-> 01:06:00 |I'm expecting the NASA to go lower, that's going to do what, it's going to
654 |653 |01:06:00 ~-~-> 01:06:03 |create an SMT diversion. That means it's going to means it's going to fail to
655 |654 |01:06:03 ~-~-> 01:06:08 |make a lower low on es when the NASDAQ does make a lower low, and then the
656 |655 |01:06:08 ~-~-> 01:06:12 |NASDAQ will go up back into its range and trade back to its first potential
657 |656 |01:06:12 ~-~-> 01:06:18 |fair value gap. Tell me who called that. Tell me all you ICT mentorship guys out
658 |657 |01:06:18 ~-~-> 01:06:22 |there that are trying to teach my stuff. Tell me that you can go out there and do
659 |658 |01:06:22 ~-~-> 01:06:26 |this, tell me, because if you can do these types of things, then you earn the
660 |659 |01:06:26 ~-~-> 01:06:29 |right to teach my shit. Because you can't do these things. You didn't author
661 |660 |01:06:29 ~-~-> 01:06:32 |it, you didn't code it, you didn't design it, and you didn't put it out
662 |661 |01:06:32 ~-~-> 01:06:36 |there, period, simply that you don't know what the fuck you're doing. So stop
663 |662 |01:06:36 ~-~-> 01:06:39 |selling my shit. You don't have the right to do it. Okay? And all you guys
664 |663 |01:06:39 ~-~-> 01:06:41 |that have your channels up here with my shit, you're teaching it. Have you
665 |664 |01:06:41 ~-~-> 01:06:45 |noticed I'm taking those channels down? Channels down? Yeah, how about that? You
666 |665 |01:06:45 ~-~-> 01:06:49 |don't have the right to put my shit up on your channel, period. My videos are
667 |666 |01:06:49 ~-~-> 01:06:53 |my lecture. Stop uploading my shit and putting them in your language because
668 |667 |01:06:53 ~-~-> 01:06:56 |they're getting stripped down. And don't cry to me about, Oh, could you take the
669 |668 |01:06:56 ~-~-> 01:06:59 |copyright strike back? Fuck you. I'm not taking it back. You don't have my
670 |669 |01:06:59 ~-~-> 01:07:06 |permission to do that. I predicted with the logic explained to you in this live
671 |670 |01:07:06 ~-~-> 01:07:14 |stream. Why? Why the SMT diversions would occur, in which one the ES would
672 |671 |01:07:14 ~-~-> 01:07:19 |fail to make a lower low, it would shrug off weakness. I knew that was going to
673 |672 |01:07:19 ~-~-> 01:07:22 |happen. This is what you're writing down in your notes when you see decoupling,
674 |673 |01:07:23 ~-~-> 01:07:27 |and generally, you're going to see the Dow become That little brat. That's its
675 |674 |01:07:27 ~-~-> 01:07:33 |usefulness to me. I don't care that if the Dow makes a lower low and the s, p
676 |675 |01:07:33 ~-~-> 01:07:38 |fails to make a lower low, I don't see that as a divergence. That's not to me.
677 |676 |01:07:38 ~-~-> 01:07:44 |It's not SMT, because I know that the 30 stocks that make up the Dow are not that
678 |677 |01:07:44 ~-~-> 01:07:53 |impactful overall, but they will normally bend to the will of both the
679 |678 |01:07:53 ~-~-> 01:07:58 |averages. When ES and NASDAQ are going lower, it goes without reason. It goes
680 |679 |01:07:58 ~-~-> 01:08:03 |without saying that all boats rise in high tide, and they all go, they drop in
681 |680 |01:08:03 ~-~-> 01:08:07 |low tide. Okay, that that's that's the analogy here. So when it's really,
682 |681 |01:08:07 ~-~-> 01:08:14 |really moving, the Dow should be moving in sympathy with the ES and NASDAQ. But
683 |682 |01:08:14 ~-~-> 01:08:18 |if in the morning session, we open up and it starts doing like it did this
684 |683 |01:08:18 ~-~-> 01:08:23 |morning, that means I already know that I'm going to have visibility issues with
685 |684 |01:08:23 ~-~-> 01:08:27 |the precision, so then I have to go back to okay. That means that we're
686 |685 |01:08:27 ~-~-> 01:08:32 |decoupled. So at some point later on in the session, there's going to be a SMT
687 |686 |01:08:32 ~-~-> 01:08:36 |divergence, and they're going to go back in sync. The Dallas is simply telling
688 |687 |01:08:36 ~-~-> 01:08:41 |me, No, we're not going down there right now. So I'm going to be looking for
689 |688 |01:08:41 ~-~-> 01:08:45 |what. I'm going to be looking for the s, p, because this one's going to be fuzzy
690 |689 |01:08:45 ~-~-> 01:08:48 |compared to the obvious imbalances and stuff that we saw over here that I
691 |690 |01:08:48 ~-~-> 01:08:52 |haven't you can see the price is reacting off of we're seeing a lot of
692 |691 |01:08:52 ~-~-> 01:08:57 |overlapping in here. I mean, let me magnify this one again. We're seeing a
693 |692 |01:08:57 ~-~-> 01:09:06 |lot of the give and take, back and forth delivery of price here, every
694 |693 |01:09:06 ~-~-> 01:09:10 |candlestick, the range keeps overlapping with the previous one. There's a lot of
695 |694 |01:09:10 ~-~-> 01:09:14 |revisiting on the same prices. So this is like fuzzy type of price action
696 |695 |01:09:14 ~-~-> 01:09:24 |compared to see how much more nice and refined every little range we were able
697 |696 |01:09:24 ~-~-> 01:09:27 |to see the bearish fair value gap here, the change in the state of liquidity,
698 |697 |01:09:27 ~-~-> 01:09:31 |bang hits it. The body stayed inside. The volume imbalance here, we have a
699 |698 |01:09:31 ~-~-> 01:09:34 |volume imbalance here, the body starts in there and leaves. It doesn't come
700 |699 |01:09:34 ~-~-> 01:09:37 |back up into it. That's weakness. Drops down. I told you this is gonna be an
701 |700 |01:09:37 ~-~-> 01:09:40 |inversion fair value gap, but I also said it may not even come back down and
702 |701 |01:09:40 ~-~-> 01:09:44 |touch it. And I told you how to use that inversion fair value gap as an entry,
703 |702 |01:09:44 ~-~-> 01:09:47 |how I would use it, and how I use it to make sure I get into the tree, because I
704 |703 |01:09:47 ~-~-> 01:09:51 |may not get that what, which didn't come the return and reprice back down into
705 |704 |01:09:51 ~-~-> 01:09:55 |it. Now I told you I want to see that fair value gap stay open. That would be
706 |705 |01:09:55 ~-~-> 01:09:57 |a breakaway gap, and it would take us right back up into what is this? Oh,
707 |706 |01:09:57 ~-~-> 01:10:00 |look at the bodies here, respecting the first with. It's a fair Vegas. That's
708 |707 |01:10:00 ~-~-> 01:10:06 |completely random, isn't it? No, it's fucking coded to do that. Hello. You
709 |708 |01:10:06 ~-~-> 01:10:09 |think it's fine. And selling pressure, it's unbelievable. It's literally
710 |709 |01:10:09 ~-~-> 01:10:13 |unbelievable. The volume imbalance I annotated over here because this is all
711 |710 |01:10:13 ~-~-> 01:10:18 |part of what what is this? What is this right here? Market Maker buy model. Does
712 |711 |01:10:18 ~-~-> 01:10:21 |the market maker buy model have to come back up and clear out the original
713 |712 |01:10:21 ~-~-> 01:10:28 |consolidation. No, no, it doesn't. It does not have to do that, but you have
714 |713 |01:10:28 ~-~-> 01:10:34 |to know where it's going to draw to, and you were told that. So the volume
715 |714 |01:10:34 ~-~-> 01:10:38 |balance here, it trades above it comes back down a little tiny little bit
716 |715 |01:10:38 ~-~-> 01:10:41 |outside of it, comes right to the top of it, and then sends it right into the
717 |716 |01:10:41 ~-~-> 01:10:44 |promised land. The first presented fair value got that's always been in your
718 |717 |01:10:44 ~-~-> 01:10:48 |charts, but you've never noticed it. Why? Because Wyckoff didn't teach that.
719 |718 |01:10:48 ~-~-> 01:10:52 |Because Elliot. We've never even heard of it. Pitchforks, don't even get me
720 |719 |01:10:52 ~-~-> 01:10:55 |fucking started. I stuck a pitchfork in the market's ass today, right in front
721 |720 |01:10:55 ~-~-> 01:11:00 |of all of you. It literally was laid out in front of you perfectly in a hard
722 |721 |01:11:00 ~-~-> 01:11:04 |market environment where everybody else out there is going to be scratching our
723 |722 |01:11:04 ~-~-> 01:11:09 |head saying, wow, you know, I'm trying to trade. Es, is a mess. Oh, wow. I'm
724 |723 |01:11:09 ~-~-> 01:11:11 |trying to trade. Dow, what the hell's going on here? Is this thing? This is
725 |724 |01:11:11 ~-~-> 01:11:16 |going all her place, the mess. It's a mess. And maybe you were in the NASDAQ,
726 |725 |01:11:16 ~-~-> 01:11:21 |maybe you were, maybe you were trying to trade short on this first percent of
727 |726 |01:11:21 ~-~-> 01:11:24 |everybody. I think you're scratching your head thinking, Oh, they changed the
728 |727 |01:11:24 ~-~-> 01:11:28 |algorithm. Does it sound like I changed a fucking thing today? No, nope. Didn't
729 |728 |01:11:28 ~-~-> 01:11:32 |change anything. Everything's the same way. It's going to be the same way until
730 |729 |01:11:32 ~-~-> 01:11:35 |these markets no longer exist and you're not allowed to trade in them, you're
731 |730 |01:11:35 ~-~-> 01:11:39 |going to see these things in effect, period. This is the way it is. You don't
732 |731 |01:11:39 ~-~-> 01:11:43 |have to believe me. It's actually better if you don't. This just means there's an
733 |732 |01:11:43 ~-~-> 01:11:46 |supply of liquidity, because that means you're going to be on the other side of
734 |733 |01:11:46 ~-~-> 01:11:50 |my fucking trades. You're going to be on another side of my students trades.
735 |734 |01:11:50 ~-~-> 01:11:53 |Either you're you're there in the tree the train of thought that I'm teaching,
736 |735 |01:11:53 ~-~-> 01:11:57 |and you're not being cannibalized, then you're not going to fall victim to this
737 |736 |01:11:57 ~-~-> 01:12:00 |stuff. You're not going to be tricked and deceived by price action. And
738 |737 |01:12:00 ~-~-> 01:12:04 |thinking about the market runs off of bull flags and bear flags and cup and
739 |738 |01:12:04 ~-~-> 01:12:07 |handle patterns, and that's horseshit. All that stuff is nonsense. It's
740 |739 |01:12:07 ~-~-> 01:12:11 |literally nonsense. And the sooner you come to the realization that these
741 |740 |01:12:11 ~-~-> 01:12:15 |markets are fucking rigged, and they're to the tick rigged, and it's time based
742 |741 |01:12:15 ~-~-> 01:12:19 |delivery, the sooner you're going to be to where you're trying to be, which is
743 |742 |01:12:19 ~-~-> 01:12:25 |consistently finding setups that yield profitability. But that's a huge leap
744 |743 |01:12:25 ~-~-> 01:12:29 |from your first endeavor of trying to learn how to do this, whether it be with
745 |744 |01:12:29 ~-~-> 01:12:32 |me or someone else, to getting to that point because you have all these things
746 |745 |01:12:32 ~-~-> 01:12:37 |in your head that you're rushing to try to get done. I want to be profitable
747 |746 |01:12:37 ~-~-> 01:12:40 |right now. You can't be profitable right now. You have to learn how to fix
748 |747 |01:12:40 ~-~-> 01:12:40 |yourself
749 |748 |01:12:42 ~-~-> 01:12:46 |and in a day like today, this is a complex day for someone that doesn't
750 |749 |01:12:46 ~-~-> 01:12:50 |have a trade, it's very difficult, and I have no shame in saying that it's a more
751 |750 |01:12:50 ~-~-> 01:12:53 |difficult day. But obviously you can see what I'm talking about is happening in a
752 |751 |01:12:53 ~-~-> 01:12:57 |chart as it happened in real time, in a one minute basis. So it's not that I
753 |752 |01:12:57 ~-~-> 01:13:01 |don't know what I'm doing, but I'm agreeing with you if you feel that the
754 |753 |01:13:01 ~-~-> 01:13:06 |adversities in environments like this, because it makes you feel like you're
755 |754 |01:13:06 ~-~-> 01:13:10 |you're somehow ill equipped mentally, or you don't have the capacity to learn how
756 |755 |01:13:10 ~-~-> 01:13:13 |to do it, because the the market feels like it's always beating you down. It's
757 |756 |01:13:13 ~-~-> 01:13:18 |just you're trying to force something in an economic climate that we're in front
758 |757 |01:13:18 ~-~-> 01:13:22 |of an election that's historic. There's a whole lot of corruption everywhere.
759 |758 |01:13:22 ~-~-> 01:13:25 |The markets are absolutely rigged, and they're doing a lot of things right now.
760 |759 |01:13:25 ~-~-> 01:13:31 |In the last three years, they've never done before. They've never done these
761 |760 |01:13:31 ~-~-> 01:13:36 |types of wild whipsaw, but then getting right back in the sink again, there's a
762 |761 |01:13:36 ~-~-> 01:13:41 |whole lot of hand involvement in this. Okay? And if you've had a lot of
763 |762 |01:13:41 ~-~-> 01:13:46 |difficulty in the last year or so, or you've made lots of money, but you just
764 |763 |01:13:46 ~-~-> 01:13:51 |barely made some money, it's not technically your fault. It's not
765 |764 |01:13:51 ~-~-> 01:14:02 |technically your fault. And if you can just accept the fact that you can learn
766 |765 |01:14:02 ~-~-> 01:14:07 |this given enough time, as long as you don't force it too fast. If you're not
767 |766 |01:14:07 ~-~-> 01:14:15 |trying to be correct about everything, you stand a better chance than you
768 |767 |01:14:15 ~-~-> 01:14:21 |probably giving yourself the scheduled destination goal that you've created for
769 |768 |01:14:21 ~-~-> 01:14:25 |yourself, because you have a time that you want to be profitable, and you can't
770 |769 |01:14:25 ~-~-> 01:14:29 |do that, because as soon as you set a date that you this is the day I'm going
771 |770 |01:14:29 ~-~-> 01:14:32 |to quit my job, because I did that stuff. I did that I have so many
772 |771 |01:14:32 ~-~-> 01:14:36 |deadline dates that I was going to quit my job, and I had to keep pushing that
773 |772 |01:14:36 ~-~-> 01:14:39 |date further in the future because I was setting a date that I was going to quit
774 |773 |01:14:39 ~-~-> 01:14:45 |my job. And when it came to I don't care about that, I need to learn how to do
775 |774 |01:14:45 ~-~-> 01:14:48 |this and know that I'm comfortable knowing what it's going to happen in the
776 |775 |01:14:48 ~-~-> 01:14:53 |marketplace. And then I can, if I could see it, if I could create these
777 |776 |01:14:53 ~-~-> 01:14:58 |advantages that are going to be outside the scope and reach of everyone else.
778 |777 |01:14:59 ~-~-> 01:15:05 |Then. It, then it's a lock. I'll know it when I know it. And that's the same
779 |778 |01:15:05 ~-~-> 01:15:08 |thing for you. It's the same thing with when you want to trade with real money,
780 |779 |01:15:08 ~-~-> 01:15:12 |when you when you migrate from a demo account to live trading with real money.
781 |780 |01:15:14 ~-~-> 01:15:18 |I don't know that for you, but you're going to know it when you can sit out in
782 |781 |01:15:18 ~-~-> 01:15:22 |front of a chart, not in front of me like or anyone else like I'm doing here.
783 |782 |01:15:22 ~-~-> 01:15:25 |That's not necessity. But when you sit in front of the charts and you can see
784 |783 |01:15:25 ~-~-> 01:15:29 |what it's going to do, and you're not swayed. You're not You're not feeling
785 |784 |01:15:29 ~-~-> 01:15:32 |impulsive that I have to get in this trade, because I feel like I'm going to
786 |785 |01:15:32 ~-~-> 01:15:37 |be right. And I need that scratched itch. I need to feel good about
787 |786 |01:15:37 ~-~-> 01:15:40 |something when you're when you're no longer replacing something that you're
788 |787 |01:15:40 ~-~-> 01:15:45 |feeling in your job, your personal life, your relationship, that void of
789 |788 |01:15:45 ~-~-> 01:15:50 |discomfort or unpleasantness or lack of happiness, if you're not looking for
790 |789 |01:15:50 ~-~-> 01:15:54 |your trades to reward or fill in that place in your life, and you're
791 |790 |01:15:55 ~-~-> 01:15:59 |consistently able to see what Christ is going to do when you're not being swayed
792 |791 |01:15:59 ~-~-> 01:16:05 |from outward influences, me, anyone else online, anything, but you can still see
793 |792 |01:16:05 ~-~-> 01:16:08 |what price is going to do, and you know how to enter it and where your stock
794 |793 |01:16:08 ~-~-> 01:16:12 |would be, and you have no emotional stimuli around the outcome of it. That
795 |794 |01:16:12 ~-~-> 01:16:16 |is the surest way to know that you're ready for trading with real money,
796 |795 |01:16:16 ~-~-> 01:16:21 |because if you trade any time prior to that, I promise you, you started too
797 |796 |01:16:21 ~-~-> 01:16:24 |soon, and you're probably going to blow your account, or you're going to have a
798 |797 |01:16:24 ~-~-> 01:16:27 |whole lot of drawdown, and then you're going to create scar tissue, and that
799 |798 |01:16:27 ~-~-> 01:16:32 |makes it so much harder to do it with real money. I made those mistakes in
800 |799 |01:16:32 ~-~-> 01:16:37 |1992 I started literally a month after reading a book. That book was not even
801 |800 |01:16:37 ~-~-> 01:16:43 |good, and I blew out half my account in the first trade, it was an option trade
802 |801 |01:16:43 ~-~-> 01:16:46 |in orange juice. And a lot of you know the story, but that created such a fear.
803 |802 |01:16:48 ~-~-> 01:16:52 |And I'm teaching you in this mentorship the same way I'm teaching my son is to
804 |803 |01:16:52 ~-~-> 01:16:57 |sit out here and engage price action with no monetary link to it, none
805 |804 |01:16:57 ~-~-> 01:17:03 |whatsoever, none. He tried it again. He failed his top step. He got it, he
806 |805 |01:17:03 ~-~-> 01:17:10 |passed it, but he lost it. Because he's trying to do before he should simply
807 |806 |01:17:10 ~-~-> 01:17:16 |learn how to do it. All he's doing is confirming how I'm teaching is the
808 |807 |01:17:16 ~-~-> 01:17:21 |correct way in this mentorship, the making money part, that's the easy part,
809 |808 |01:17:21 ~-~-> 01:17:27 |but that you have to arrive at the right mindset, and if you force trying to be
810 |809 |01:17:27 ~-~-> 01:17:32 |profitable before you're even equipped mentally to be able to do it, you got to
811 |810 |01:17:32 ~-~-> 01:17:37 |be able to say no a lot more than saying yes to a trade. And you'll never hear a
812 |811 |01:17:37 ~-~-> 01:17:42 |teacher or author of a book say that. There has to be more instances where
813 |812 |01:17:42 ~-~-> 01:17:46 |you'll say, as an analyst and trader, no, I'm not interested. Even though you
814 |813 |01:17:46 ~-~-> 01:17:50 |can sit there and say it's going to go here, it's like, it's most likely not
815 |814 |01:17:50 ~-~-> 01:17:53 |going to go here, but it's going to go here. But no, I'm not entering that
816 |815 |01:17:53 ~-~-> 01:18:00 |trade to to a new student or to a jack leg online. That sounds asinine, that
817 |816 |01:18:00 ~-~-> 01:18:02 |sounds counterintuitive. It's like, Well, who would, who would do that?
818 |817 |01:18:02 ~-~-> 01:18:07 |That's someone that's unprofitable, talking like that, but someone that says
819 |818 |01:18:07 ~-~-> 01:18:13 |no frequently and says yes to high probability conditions and setups.
820 |819 |01:18:13 ~-~-> 01:18:16 |That's a person that's going to have a long, long career. It's going to have
821 |820 |01:18:16 ~-~-> 01:18:19 |longevity, it's going to be consistently profitable. They're going to have losing
822 |821 |01:18:19 ~-~-> 01:18:22 |trades, but they're losing trades are not going to cause them to cause them to
823 |822 |01:18:22 ~-~-> 01:18:27 |tail spin and go into full tilt and blow their account. That's that's the
824 |823 |01:18:27 ~-~-> 01:18:31 |characteristics that that make a stark contrast between someone that simply
825 |824 |01:18:31 ~-~-> 01:18:34 |says, I'm a trader, I've made money. Look at this, but they're only showing
826 |825 |01:18:34 ~-~-> 01:18:38 |you those instances where it's worked. They're not showing you that they've
827 |826 |01:18:38 ~-~-> 01:18:43 |never had any profitability the rest of the time that week, they're only showing
828 |827 |01:18:43 ~-~-> 01:18:47 |you those little, those single hits, here it is, here it is, here it is. And
829 |828 |01:18:47 ~-~-> 01:18:50 |they're hiding, and, you know, avoiding all that stuff. You know who they are
830 |829 |01:18:50 ~-~-> 01:18:53 |for people to show screenshots after fact, they don't even have a stop loss
831 |830 |01:18:53 ~-~-> 01:19:01 |in there. Come on, we're past all that. Now. We're past all that. I'm so happy
832 |831 |01:19:02 ~-~-> 01:19:07 |to be a mentor that is encouraged other people to record their trades with a
833 |832 |01:19:07 ~-~-> 01:19:13 |stop loss and managing it. And if you can tell who's learned from me, it's
834 |833 |01:19:13 ~-~-> 01:19:17 |like a badge of honor for me to see people on the internet and they're
835 |834 |01:19:17 ~-~-> 01:19:20 |recording their trades. I don't they don't need to have anything annotated
836 |835 |01:19:20 ~-~-> 01:19:22 |their chart. I already know they're my student. I already know how they're
837 |836 |01:19:22 ~-~-> 01:19:26 |entering, how the fact that they're even recording it, and the things that
838 |837 |01:19:26 ~-~-> 01:19:30 |they're pointing to as where it's going to go to next. It's a dead giveaway.
839 |838 |01:19:31 ~-~-> 01:19:35 |It's a dead giveaway. And I'm so glad that it's my students that bring that.
840 |839 |01:19:36 ~-~-> 01:19:39 |You don't see all these other people in these school of thoughts doing that.
841 |840 |01:19:39 ~-~-> 01:19:44 |It's an ICT characteristic. It's a thing that's rubbed off. It's in your it's in
842 |841 |01:19:44 ~-~-> 01:19:49 |your DNA. Daddy gave that to you. Okay, well, we can walk out there and prove
843 |842 |01:19:49 ~-~-> 01:19:51 |that we can manage the trade from beginning to end with the stop loss,
844 |843 |01:19:51 ~-~-> 01:19:57 |over and over and over and over and over and over, every single day it's going to
845 |844 |01:19:57 ~-~-> 01:20:02 |be there. Every single week, it's going to be there. It. But in the beginning,
846 |845 |01:20:02 ~-~-> 01:20:07 |they're not all for you. They're all learning opportunities. They're all for
847 |846 |01:20:07 ~-~-> 01:20:11 |your edification and your learning. But in the future, you're going to see that
848 |847 |01:20:11 ~-~-> 01:20:14 |there's going to be a whole lot less trades that you're going to be taking.
849 |848 |01:20:15 ~-~-> 01:20:19 |So you think that I'm taking 1000s of trades in a month, I'm not. I'm not
850 |849 |01:20:19 ~-~-> 01:20:24 |doing that. I'm looking for the ones that are just the easy, slow ride in
851 |850 |01:20:25 ~-~-> 01:20:29 |with no adversities. It's low resistance, liquidity runs. I don't have
852 |851 |01:20:29 ~-~-> 01:20:33 |any static, no friction. It's just a slide on it. There it is. Thank you.
853 |852 |01:20:35 ~-~-> 01:20:39 |That's what you want as a trader. But I had no one to find that for me when I
854 |853 |01:20:39 ~-~-> 01:20:45 |was first starting in 1992 like I didn't have that. I had Larry Williams telling
855 |854 |01:20:45 ~-~-> 01:20:49 |me to watch accumulation distribution. Williams persona article oversold, and
856 |855 |01:20:49 ~-~-> 01:20:54 |look for, you know, swing highs and swing lows. That was that was it an open
857 |856 |01:20:54 ~-~-> 01:20:58 |interest declining when we're in consolidation. So if there's a premium
858 |857 |01:20:58 ~-~-> 01:21:02 |between the nearby contract and the next month out, then it's probably going to
859 |858 |01:21:02 ~-~-> 01:21:05 |be a commercial bull market. And I was spending my time looking for that stuff,
860 |859 |01:21:05 ~-~-> 01:21:08 |and all that stuff works if you're working on a daily chart. But I don't
861 |860 |01:21:08 ~-~-> 01:21:12 |trade on a daily chart. I trade intraday charts because I want to be in there
862 |861 |01:21:12 ~-~-> 01:21:19 |using velocity. If I go in there and take a trade on that is meant to hold
863 |862 |01:21:19 ~-~-> 01:21:23 |for three months, six months, how much can I really get out of that move?
864 |863 |01:21:24 ~-~-> 01:21:30 |Like I can't really, I can't really do much more than what it's offering,
865 |864 |01:21:31 ~-~-> 01:21:33 |because at some point you can over leverage to the point where you can't
866 |865 |01:21:33 ~-~-> 01:21:39 |afford to trade any more contracts. And I'm not a fan of new equity building in
867 |866 |01:21:39 ~-~-> 01:21:47 |pyramid positions in that too. I hurt myself doing it in the 90s. So here in
868 |867 |01:21:47 ~-~-> 01:21:52 |lower time frames, I can roll an account over and over and over again with
869 |868 |01:21:52 ~-~-> 01:21:56 |multiple setups and the velocity of using new setups, with new gearing,
870 |869 |01:21:56 ~-~-> 01:22:02 |using the new equity at a new trade entry, that velocity can parlay the
871 |870 |01:22:02 ~-~-> 01:22:05 |account up faster when these other people out there are holding on, these
872 |871 |01:22:05 ~-~-> 01:22:09 |hodlers, these hold on for dear life people, that doesn't make any damn sense
873 |872 |01:22:09 ~-~-> 01:22:14 |to me. Okay? Because if you know how to trade, you can go into any given time
874 |873 |01:22:14 ~-~-> 01:22:19 |frame and roll, enroll and roll, and continuously build up, build up, build
875 |874 |01:22:19 ~-~-> 01:22:23 |up, with new positions, and as you make new equity, you're never risking any
876 |875 |01:22:23 ~-~-> 01:22:27 |more than your fixed percentage of risk. So if you have adopted a 1% risk model,
877 |876 |01:22:27 ~-~-> 01:22:32 |that means every trade you take doesn't go over 1% as you make more equity, you
878 |877 |01:22:32 ~-~-> 01:22:37 |can afford to control more contracts or lots if you're trading with Forex. So
879 |878 |01:22:37 ~-~-> 01:22:41 |the risk is never increasing percentage wise, but because your equity is
880 |879 |01:22:41 ~-~-> 01:22:48 |increasing and your ability to allow velocity in the acceleration of the
881 |880 |01:22:49 ~-~-> 01:22:53 |equity growth, that's what intraday trading, and that's why high frequency
882 |881 |01:22:53 ~-~-> 01:22:59 |trading is the mechanism of these entities. That's what they do. They
883 |882 |01:22:59 ~-~-> 01:23:02 |don't go out there and buy and hold for long periods of time. That's not what
884 |883 |01:23:02 ~-~-> 01:23:07 |they do. They work inside these fluctuations like this. That's what a
885 |884 |01:23:07 ~-~-> 01:23:10 |high frequency trading algorithm does. It's buying and selling all day long,
886 |885 |01:23:11 ~-~-> 01:23:16 |but it's using a lot of the things that I'm showing you here, and they repeat
887 |886 |01:23:16 ~-~-> 01:23:21 |over and over and over again. And I would love to talk to you two more, but
888 |887 |01:23:21 ~-~-> 01:23:26 |I gave you another. What's that? 22 minutes more than I should have, but
889 |888 |01:23:26 ~-~-> 01:23:30 |it's extra, and I didn't have to charge you for it. So I'm going to close this
890 |889 |01:23:30 ~-~-> 01:23:33 |one here. I've had a lot of fun sitting down with you today. I hope you learned
891 |890 |01:23:33 ~-~-> 01:23:36 |something. I hope it was able to guide you through this morning. Hope you
892 |891 |01:23:36 ~-~-> 01:23:40 |didn't hurt yourself and it came away with some more insights. If you like
893 |892 |01:23:40 ~-~-> 01:23:43 |what you learned today, I appreciate it. Give it a thumbs up. It doesn't cost you
894 |893 |01:23:43 ~-~-> 01:23:47 |anything. Doesn't make me any more money or make any less money. But if you like
895 |894 |01:23:47 ~-~-> 01:23:51 |these kind of lectures, it's a way for you to sound off and say, you know, I'm
896 |895 |01:23:51 ~-~-> 01:23:54 |paying attention. ICT, I heard what you said today. I watched it unfold today,
897 |896 |01:23:54 ~-~-> 01:23:57 |and I was a witness to it. So until I'll talk to you next time, I don't know if
898 |897 |01:23:57 ~-~-> 01:24:00 |it'll be tomorrow morning. Let me just say that right now I don't know if I'm
899 |898 |01:24:00 ~-~-> 01:24:03 |going to do an afternoon session or if it's an am session, so So grant me a
900 |899 |01:24:03 ~-~-> 01:24:09 |little bit of flexibility. I'll let you know early on tomorrow, probably like
901 |900 |01:24:09 ~-~-> 01:24:12 |730 or so, if I'm going to be live streaming the morning session or the
902 |901 |01:24:12 ~-~-> 01:24:16 |afternoon I have to determine what my personal schedule is going to be like
903 |902 |01:24:16 ~-~-> 01:24:20 |tomorrow, because there's something I have to get done, and if I can get it
904 |903 |01:24:20 ~-~-> 01:24:23 |done today, I'll be able to trade tomorrow or live stream in front of me,
905 |904 |01:24:23 ~-~-> 01:24:27 |rather. And then if I can't get it done today, then I'm going to be doing that
906 |905 |01:24:27 ~-~-> 01:24:31 |tomorrow morning. That would prevent me from being in live streaming the morning
907 |906 |01:24:31 ~-~-> 01:24:35 |session. I would then defer to the afternoon, so we'll have to play it by
908 |907 |01:24:35 ~-~-> 01:24:40 |ear. So just afford me that. That that much latitude here. So until I talk to
909 |908 |01:24:40 ~-~-> 01:24:42 |you, then, Lord willing be safe you.