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2 |1 |00:00:40 ~-~-> 00:00:58 |ICT: Well, good morning, folks, hope you're doing well, if you would be so
3 |2 |00:00:58 ~-~-> 00:01:04 |kind, if you can hear me, I'm not sure you can. If you can hear me, let me
4 |3 |00:01:04 ~-~-> 00:01:07 |know. Let me know. On Twitter, just tweet at me and say we hear you, old
5 |4 |00:01:07 ~-~-> 00:01:13 |man, five by five will be sufficient as well.
6 |5 |00:01:18 ~-~-> 00:01:19 |Can you hear me?
7 |6 |00:01:22 ~-~-> 00:01:25 |All right, Chris, thank you so much. See if I can get a couple more people just
8 |7 |00:01:25 ~-~-> 00:01:33 |confirm it. Thank you. Jasmine Eduardo, thank you. All right, so we are looking
9 |8 |00:01:33 ~-~-> 00:01:40 |at the mass back here. I I'm
10 |9 |00:01:44 ~-~-> 00:01:50 |give me a moment. I apologize. Just want to make sure I
11 |10 |00:01:51 ~-~-> 00:01:57 |mentioned the right report that's coming out at 10am we have the revised consumer
12 |11 |00:01:57 ~-~-> 00:02:02 |sentiment data, so it's a medium impact driver. This morning, we had Core
13 |12 |00:02:02 ~-~-> 00:02:09 |Durable goods orders, and that gave us a little bit of a pre market rally, back
14 |13 |00:02:09 ~-~-> 00:02:13 |up into new week opening gap, and then it went a little bit higher than that,
15 |14 |00:02:13 ~-~-> 00:02:22 |obviously. Now I want to take you over to 15 minute chart real quick, and I'll
16 |15 |00:02:22 ~-~-> 00:02:29 |let you see what I'm looking for. I mentioned the other day on Twitter, or
17 |16 |00:02:29 ~-~-> 00:02:36 |they call it x now, we had this big drop down here on Wednesday. So Thursday, I
18 |17 |00:02:36 ~-~-> 00:02:40 |try to kind of calibrate your attention and focus on looking at the relative
19 |18 |00:02:40 ~-~-> 00:02:43 |equal highs. We have relative equal highs here. We just call just clear
20 |19 |00:02:43 ~-~-> 00:02:47 |those. We have these two here and this one here. So I like the idea of getting
21 |20 |00:02:47 ~-~-> 00:02:56 |up to 680 it may use the data at 10 o'clock to go through that we've been
22 |21 |00:02:56 ~-~-> 00:03:02 |fighting the impulsive nature that you know most traders want to pick the tops
23 |22 |00:03:02 ~-~-> 00:03:09 |in bull markets. I know I tried to do that, not technically. I was afraid that
24 |23 |00:03:09 ~-~-> 00:03:14 |a high was forming when I first started trading, and that would usually keep me
25 |24 |00:03:14 ~-~-> 00:03:17 |from taking trades when I was first starting out, thinking it couldn't go
26 |25 |00:03:17 ~-~-> 00:03:21 |any higher, it's at all time highs. It can't go any higher. It just kept going,
27 |26 |00:03:21 ~-~-> 00:03:28 |going higher. So because of the next election year, and because it is a a
28 |27 |00:03:28 ~-~-> 00:03:33 |year that, oh my goodness, what I'm doing, I suppose I'm supposed to hide
29 |28 |00:03:33 ~-~-> 00:03:39 |that kind of stuff, paper trading, here goes my reputation. Alright, so we're
30 |29 |00:03:39 ~-~-> 00:03:47 |looking for reasons to exceed the price go higher, and because it's election
31 |30 |00:03:47 ~-~-> 00:03:51 |year, they're going to pump up and froth up the stock market. Because the
32 |31 |00:03:51 ~-~-> 00:03:57 |public's perspective is that the stock market equates to the economy, and that
33 |32 |00:03:57 ~-~-> 00:04:03 |is not a true statement. Okay? It's a big casino wrong here, doing things you
34 |33 |00:04:03 ~-~-> 00:04:07 |know that has absolutely no bearing on what the outcome is going to be for our
35 |34 |00:04:07 ~-~-> 00:04:11 |economy. The stock market can keep going up. Just look at Venezuela. Years and
36 |35 |00:04:11 ~-~-> 00:04:16 |years ago, it used to be the richest country in South America and lavish, and
37 |36 |00:04:16 ~-~-> 00:04:21 |their stock market kept going up while they were going down in hyperinflation.
38 |37 |00:04:21 ~-~-> 00:04:26 |So we're probably gonna see the same stuff here. I mentioned that 2016 United
39 |38 |00:04:26 ~-~-> 00:04:36 |States is heading to Venezuela 2.0 just look around. You see it? So what we're
40 |39 |00:04:36 ~-~-> 00:04:43 |watching for is what we get at 10 o'clock. Okay, so the first five or 10
41 |40 |00:04:43 ~-~-> 00:04:47 |minutes, worst case scenario, 15 minutes, we'll see what we get. In
42 |41 |00:04:47 ~-~-> 00:04:52 |regards to price delivery, I would not want to take a silver bullet trade
43 |42 |00:04:55 ~-~-> 00:04:59 |Cameron's model. I would not want to take that until after a few minutes. I.
44 |43 |00:05:00 ~-~-> 00:05:04 |Uh, The 10 O'Clock medium impact news driver, because they use these, these
45 |44 |00:05:04 ~-~-> 00:05:11 |types of data points, to mask or smoke screen their real intentions. And it's
46 |45 |00:05:11 ~-~-> 00:05:18 |usually perceived as well. This is what the market does. You know, the market
47 |46 |00:05:18 ~-~-> 00:05:23 |uses buying and selling pressure, and it's generally not that but we'll, we'll
48 |47 |00:05:23 ~-~-> 00:05:28 |be studying these two price levels here, and again, go back and take a look at
49 |48 |00:05:28 ~-~-> 00:05:35 |the the tweets I posted the yesterday telling you to keep your focus on the
50 |49 |00:05:35 ~-~-> 00:05:38 |things that were smooth and left remaining above the marketplace after we
51 |50 |00:05:38 ~-~-> 00:05:42 |had Thursdays decline. So Admittedly, I was working with my private group
52 |51 |00:05:42 ~-~-> 00:05:46 |yesterday. I want to job in a little bit until we get to 10 o'clock, because
53 |52 |00:05:46 ~-~-> 00:05:49 |there's really nothing to talk about right now. So I just want to give you a
54 |53 |00:05:49 ~-~-> 00:05:53 |little bit of backstory. Yesterday, I was working with my private mentorship
55 |54 |00:05:53 ~-~-> 00:05:57 |students. And no, you cannot join it. And no, I don't give signals, and no, I
56 |55 |00:05:57 ~-~-> 00:06:01 |don't teach them any special videos or lectures, as we all hang out. And
57 |56 |00:06:01 ~-~-> 00:06:06 |sometimes I'll, I'll call price with them live, and I was doing it audibly.
58 |57 |00:06:06 ~-~-> 00:06:10 |That means I was recording my voice and sending those little clips to them real
59 |58 |00:06:10 ~-~-> 00:06:16 |time. And it's a lot easier for me to do that than to just, you know, type out in
60 |59 |00:06:16 ~-~-> 00:06:22 |all the individual user groups. So when I do that, there's no recording. Okay,
61 |60 |00:06:23 ~-~-> 00:06:27 |you would have never known yesterday that I took two losing trades, had I not
62 |61 |00:06:27 ~-~-> 00:06:32 |made that public. But they were watching me. They heard me explain what I was
63 |62 |00:06:32 ~-~-> 00:06:38 |looking for, and I was using many of the same PD arrays I used yesterday in the
64 |63 |00:06:38 ~-~-> 00:06:42 |mitigation of those two losses. So the first losing trade I took was a 1200
65 |64 |00:06:42 ~-~-> 00:06:47 |hour loss, which was my normal full position size, which isn't much in terms
66 |65 |00:06:47 ~-~-> 00:06:51 |of handle movement against me, but it's still, nonetheless, it's a loss. And
67 |66 |00:06:51 ~-~-> 00:06:56 |then I took a smaller leverage position because of the loss, and I got burned
68 |67 |00:06:56 ~-~-> 00:07:01 |for 800 hours on that, so total $2,000 less commissions. So I had to work to
69 |68 |00:07:01 ~-~-> 00:07:05 |get that back. Now I told them, admittedly, I said, you know, for them,
70 |69 |00:07:05 ~-~-> 00:07:08 |because it was a morning session after a large range day on the daily chart.
71 |70 |00:07:09 ~-~-> 00:07:16 |Let's take a quick look at that daily chart. Real quick. You know the
72 |71 |00:07:16 ~-~-> 00:07:22 |protocol. If you're very, very new in trading, you want to try to stay away
73 |72 |00:07:22 ~-~-> 00:07:26 |from the morning session after a large range day. And I get the question a lot
74 |73 |00:07:26 ~-~-> 00:07:31 |as to what constitutes a large range day, how do we how we like determine
75 |74 |00:07:31 ~-~-> 00:07:35 |what that is? What is it? What is it measured against? What makes it a large
76 |75 |00:07:35 ~-~-> 00:07:38 |range day, versus you just picking a title and just applying it for that?
77 |76 |00:07:38 ~-~-> 00:07:46 |Well, if you look at what we have. We've had get this off here. So here's
78 |77 |00:07:46 ~-~-> 00:07:49 |Thursday, here's today's Friday's trading and Thursday. Look how much
79 |78 |00:07:49 ~-~-> 00:07:54 |larger this is in relationship to the last several days. Okay, I like the last
80 |79 |00:07:54 ~-~-> 00:08:01 |three days, and it's usually a repeating theme in my concepts, whatever the range
81 |80 |00:08:01 ~-~-> 00:08:06 |average is over the last three days. If it's larger than that, then we're
82 |81 |00:08:06 ~-~-> 00:08:13 |outside of the normal three day range. Now you can have a large expansion day
83 |82 |00:08:13 ~-~-> 00:08:17 |inside those last three days, and it may skew the data, but over time, when you
84 |83 |00:08:17 ~-~-> 00:08:22 |start to see the three day average start to compress and go smaller and smaller
85 |84 |00:08:22 ~-~-> 00:08:26 |and smaller. I got this idea. So that way, for the folks that like to try to
86 |85 |00:08:26 ~-~-> 00:08:31 |say I rebranded something, or took somebody else's stuff and applied a new
87 |86 |00:08:31 ~-~-> 00:08:34 |name to it, necessarily, not what's going on, but I wasn't doing that with
88 |87 |00:08:34 ~-~-> 00:08:38 |my stuff. I bought a book in 1995 it was called street smarts by Linda Rasch and
89 |88 |00:08:38 ~-~-> 00:08:44 |Larry Connors, and they talked a lot about what Toby creeble mentioned in his
90 |89 |00:08:45 ~-~-> 00:08:49 |day trading book, and it has to do with the smallest range in the last seven
91 |90 |00:08:49 ~-~-> 00:08:54 |days. Okay, so I got really interested in that idea of looking for some
92 |91 |00:08:54 ~-~-> 00:08:58 |compression, where the market starts to get smaller and smaller and smaller, and
93 |92 |00:08:58 ~-~-> 00:09:03 |when the market gets really, really quiet. I wasn't able to observe this
94 |93 |00:09:03 ~-~-> 00:09:07 |until I heard Larry Williams describe it in one of his keynote speaking ventures,
95 |94 |00:09:07 ~-~-> 00:09:11 |where he talked about short term trading and day trading. And one of the things
96 |95 |00:09:11 ~-~-> 00:09:16 |that is a precursor to large ranges is an Inside Day. Okay, an Inside Day is
97 |96 |00:09:16 ~-~-> 00:09:20 |what we have here. Here's Thursday's trading. And I want you to take a look
98 |97 |00:09:20 ~-~-> 00:09:28 |at what I mean by that. We have. Don't worry, I have time. You're going to
99 |98 |00:09:30 ~-~-> 00:09:31 |start talking. It's going to move and say, Well,
100 |99 |00:09:32 ~-~-> 00:09:34 |you know, there it is.
101 |100 |00:09:34 ~-~-> 00:09:38 |You miss me having it. I know you have, I know you have the old man news.
102 |101 |00:09:38 ~-~-> 00:09:44 |Alright? So here's Thursday's range. But now notice also Thursday's range is
103 |102 |00:09:44 ~-~-> 00:09:50 |inside of Wednesday's range, which is here. Now this is not, this is not my
104 |103 |00:09:52 ~-~-> 00:09:58 |this is not my work. This is something that I learned from Toby Crabill and
105 |104 |00:09:59 ~-~-> 00:10:05 |Linda rashman Lee. Connor's book, and the ideas were further helpful to me
106 |105 |00:10:05 ~-~-> 00:10:11 |when I applied what Larry Williams was talking about, specifically range
107 |106 |00:10:11 ~-~-> 00:10:18 |contraction and the idea of looking for the market to get into these small
108 |107 |00:10:18 ~-~-> 00:10:27 |little ranges. And I'll take my hoodie off here when the ranges get smaller, or
109 |108 |00:10:27 ~-~-> 00:10:33 |if they get relatively smaller than they have been over a predetermined number of
110 |109 |00:10:33 ~-~-> 00:10:39 |days or periods, Toby had this idea that the smallest range in the last seven
111 |110 |00:10:39 ~-~-> 00:10:44 |days usually is a precursor to something, and without feeling that
112 |111 |00:10:44 ~-~-> 00:10:47 |thunder from his book, and you can get it off Amazon. It's not the original
113 |112 |00:10:47 ~-~-> 00:10:51 |book. I have the original book. It's very, very expensive. You're going to
114 |113 |00:10:51 ~-~-> 00:10:56 |pay a lot of money for it, but you can get, like, a really poor photo copied
115 |114 |00:10:56 ~-~-> 00:10:59 |edition of it, but you're still going to get things, though. So I have both. I
116 |115 |00:10:59 ~-~-> 00:11:04 |have, I have the one that's sold on Amazon, and I have the actual original
117 |116 |00:11:04 ~-~-> 00:11:10 |first print. So you can see we cleared that initial buy side there. But real
118 |117 |00:11:10 ~-~-> 00:11:14 |quick, let me get into here's the here's Wednesday's trading, the high of
119 |118 |00:11:14 ~-~-> 00:11:18 |Wednesday and the lowest of Wednesday. And then Thursday. We had the smaller
120 |119 |00:11:18 ~-~-> 00:11:22 |little range inside of it, so the low of yesterday or Thursday was higher than
121 |120 |00:11:22 ~-~-> 00:11:27 |Wednesday's low, and the high was lower than the previous day's high. So this is
122 |121 |00:11:27 ~-~-> 00:11:32 |referred to as an Inside Day. Now, if you look for this type of thing to form,
123 |122 |00:11:33 ~-~-> 00:11:42 |it usually will set off a let's put it this way. There's a lot of traders that
124 |123 |00:11:42 ~-~-> 00:11:46 |are using volatility and filtering. When the market is more likely to or more
125 |124 |00:11:46 ~-~-> 00:11:51 |prone to create these expansion moves. It doesn't give you direction. Just
126 |125 |00:11:51 ~-~-> 00:11:54 |because it creates an Inside Day. You have to have some kind of measure of
127 |126 |00:11:54 ~-~-> 00:11:57 |high timing frame order flow, understanding where the trend is. You
128 |127 |00:11:57 ~-~-> 00:12:01 |know where it's going to go, or, as I teach it, the draw on liquidity. So on
129 |128 |00:12:01 ~-~-> 00:12:04 |Thursday, I talked about how your focus should be on where the things are left
130 |129 |00:12:04 ~-~-> 00:12:09 |smooth. Okay, so relative equal highs. So, but if you want to use how I use it,
131 |130 |00:12:09 ~-~-> 00:12:12 |I look over the last three days, and when ranges start to compress below the
132 |131 |00:12:12 ~-~-> 00:12:17 |average of the last three days, I kind of get excited about that, because I
133 |132 |00:12:17 ~-~-> 00:12:21 |know I have a large range candidate performing, but after a large range day,
134 |133 |00:12:21 ~-~-> 00:12:26 |I've taught you that you want to try to avoid the morning session now me being
135 |134 |00:12:26 ~-~-> 00:12:30 |ICT and doing ICT things I like to go out here and share with my students and
136 |135 |00:12:30 ~-~-> 00:12:36 |do things that the average bear can Well, the average bear and I were in the
137 |136 |00:12:36 ~-~-> 00:12:40 |same category yesterday. I tried to do something that wasn't able to pan out in
138 |137 |00:12:40 ~-~-> 00:12:44 |my favor for the first two times in the morning session. Now I told my students.
139 |138 |00:12:44 ~-~-> 00:12:49 |I said, now they they should sit still and just go home with the L, go home
140 |139 |00:12:49 ~-~-> 00:12:52 |with the, you know, the drawdown, and just eat it and come back the next day
141 |140 |00:12:52 ~-~-> 00:12:58 |and try to recuperate it. But because I'm who I am, and I just don't, I don't
142 |141 |00:12:58 ~-~-> 00:13:04 |like that, excellence is my destination, and I'm always pursuing it. So I went in
143 |142 |00:13:04 ~-~-> 00:13:09 |and obviously I mitigated that so and then came back with a $12,000 day, which
144 |143 |00:13:10 ~-~-> 00:13:16 |I know that kind of stings, but the 15 minute time frame will drop back into
145 |144 |00:13:16 ~-~-> 00:13:25 |that real quick. You can see how we had Thursdays drop down and retail was all
146 |145 |00:13:25 ~-~-> 00:13:28 |over, just thinking, Okay, we've talked it's over. The market's going to go in.
147 |146 |00:13:28 ~-~-> 00:13:32 |Bears are in control. You know, that type of rhetoric. And then we had this
148 |147 |00:13:32 ~-~-> 00:13:36 |really, really difficult morning session. We didn't have sustained price
149 |148 |00:13:36 ~-~-> 00:13:39 |runs. It's a lot of give and take back and forth, a lot of scribbling. Okay,
150 |149 |00:13:39 ~-~-> 00:13:43 |imagine your five year old with a crayon for the first time, and they're, they're
151 |150 |00:13:43 ~-~-> 00:13:46 |looking at, they're looking at your budget reviews that you're using for
152 |151 |00:13:46 ~-~-> 00:13:50 |your work presentation, and they color all over top of it. And this is kind of
153 |152 |00:13:50 ~-~-> 00:13:53 |like what it looks like, where it's back and forth, back and forth. It's very,
154 |153 |00:13:53 ~-~-> 00:13:57 |very fuzzy. Okay, so what I refer to as fuzzy price action, and the only reason
155 |154 |00:13:57 ~-~-> 00:14:00 |why I came with that term is because I was trying to teach my kids younger, and
156 |155 |00:14:00 ~-~-> 00:14:05 |it just stuck. Okay, so it's, it's, that's my highly technical layman's
157 |156 |00:14:05 ~-~-> 00:14:12 |term. The this high here is a little bit higher than that one, but nonetheless,
158 |157 |00:14:12 ~-~-> 00:14:16 |my my focus has been here, and on Thursday, I was prompting you go back to
159 |158 |00:14:16 ~-~-> 00:14:20 |your charts and look at anything that was relatively smooth in terms of highs
160 |159 |00:14:21 ~-~-> 00:14:26 |retail would see that as classic area to defend any short positions. And I'm
161 |160 |00:14:26 ~-~-> 00:14:30 |quite sure larger funds have positions with stops above that, and we're really
162 |161 |00:14:30 ~-~-> 00:14:35 |getting close to doing that now we are at the 10 o'clock time, and it's dropped
163 |162 |00:14:35 ~-~-> 00:14:43 |into a one minute chart. And you can see how we use the consequent encroachment
164 |163 |00:14:43 ~-~-> 00:14:46 |of the new week opening gap. Right there. Perfect thing. You probably would
165 |164 |00:14:46 ~-~-> 00:14:51 |never know that was likely to occur if this guy on the internet did come out
166 |165 |00:14:51 ~-~-> 00:15:02 |and talk about so here's our run on those buy stops. You. Yeah, okay. And
167 |166 |00:15:02 ~-~-> 00:15:06 |now we'll, we'll sit and wait for a few minutes and see what it wants to do. Now
168 |167 |00:15:06 ~-~-> 00:15:10 |we have a huge gap. So if you look at the
169 |168 |00:15:13 ~-~-> 00:15:13 |ready trading hours
170 |169 |00:15:17 ~-~-> 00:15:22 |right here, this is beautiful. That like, that's my favorite type of range
171 |170 |00:15:22 ~-~-> 00:15:30 |amount for looking for gap ideas. But because we have Friday, that's trading
172 |171 |00:15:30 ~-~-> 00:15:35 |day of the week, because we have had a disruption on Wednesday where traders
173 |172 |00:15:35 ~-~-> 00:15:39 |may delay of the week, and then we had Thursday Inside Day. Then we have what
174 |173 |00:15:39 ~-~-> 00:15:43 |we have, a candidate for Friday being a large range day, with my prompting on
175 |174 |00:15:43 ~-~-> 00:15:46 |Thursday, saying that your focus shouldn't be on going lower, because we
176 |175 |00:15:46 ~-~-> 00:15:50 |already had to sell off. Retail is already expecting all that. So they're
177 |176 |00:15:50 ~-~-> 00:15:55 |going to use Friday to do their run on unfinished business. Unfinished business
178 |177 |00:15:55 ~-~-> 00:16:00 |is the orders up above the 659, and a quarter, and the higher level that I
179 |178 |00:16:00 ~-~-> 00:16:10 |can't see because this candlestick, what is that? 680 Okay, so 680 level, so that
180 |179 |00:16:10 ~-~-> 00:16:16 |buy side, both levels of buy side, have been engaged. Now I'm not suggesting or
181 |180 |00:16:16 ~-~-> 00:16:19 |trying to make the case that it would want to come all the way back down into
182 |181 |00:16:19 ~-~-> 00:16:23 |the gap. These are, this is a day where I would say, Okay, this is probably
183 |182 |00:16:23 ~-~-> 00:16:27 |going to be a day where we leave the gap intact and not even try to go back to
184 |183 |00:16:27 ~-~-> 00:16:32 |it. It can have a retracement. But because we are in a primary bull market,
185 |184 |00:16:32 ~-~-> 00:16:36 |we're in an election year, and we're just literally less than two weeks away
186 |185 |00:16:36 ~-~-> 00:16:43 |from the election. If you believe it, the the probabilities of going back down
187 |186 |00:16:43 ~-~-> 00:16:49 |to that gap, based on what we're seeing here, is not as high as it would be if
188 |187 |00:16:49 ~-~-> 00:16:55 |it were like in this area here. And whenever you have a opening gap like
189 |188 |00:16:55 ~-~-> 00:17:00 |this on a Friday, after a large range day, then created a subsequent on
190 |189 |00:17:00 ~-~-> 00:17:04 |Thursday, smaller range day, all based on the daily chart. That compression,
191 |190 |00:17:04 ~-~-> 00:17:08 |that small, tightening up. It's kind of like a spring. Okay, I'm going to borrow
192 |191 |00:17:08 ~-~-> 00:17:10 |the term actually all your Williams used. It's kind of like taking a spring,
193 |192 |00:17:10 ~-~-> 00:17:14 |a metal spring, and twisting it tighter and tighter and tighter until you can't
194 |193 |00:17:14 ~-~-> 00:17:18 |compress it anymore. And then when you let go of it and just throw it away, it
195 |194 |00:17:18 ~-~-> 00:17:22 |just, it springs. It just, it's a lot of animation. It doesn't just move a little
196 |195 |00:17:22 ~-~-> 00:17:25 |bit. It's bouncing all over the place, and it's moving around a lot. Well,
197 |196 |00:17:26 ~-~-> 00:17:31 |that's what small Range Days, or Inside Days create. It creates that probability
198 |197 |00:17:31 ~-~-> 00:17:37 |that you're going to get a large range day. Now, a large range day has the
199 |198 |00:17:37 ~-~-> 00:17:44 |benefit of having very repeating characteristics. And I'll show you what
200 |199 |00:17:44 ~-~-> 00:17:45 |I mean by that real quick.
201 |200 |00:17:55 ~-~-> 00:18:03 |And I'm trying to draw a rather crude depiction of what a Open, High, Low,
202 |201 |00:18:03 ~-~-> 00:18:10 |Close bar would look like on a daily chart. Okay, so now imagine we had the
203 |202 |00:18:10 ~-~-> 00:18:15 |Thursday small range on the daily chart. And this is hypothetically a daily
204 |203 |00:18:15 ~-~-> 00:18:20 |candlestick, and then you have Thursdays small range day. And then not to scale,
205 |204 |00:18:21 ~-~-> 00:18:34 |but Wednesdays larger range. Okay, so we have Wednesday's daily candlestick or
206 |205 |00:18:34 ~-~-> 00:18:39 |bar. Then Thursday smaller, which is it's higher low than Wednesdays and
207 |206 |00:18:39 ~-~-> 00:18:45 |lower high than Wednesdays, respectively. And then we have Thursday
208 |207 |00:18:45 ~-~-> 00:18:49 |closing with a small range day. And then Friday, we have all this buy side up
209 |208 |00:18:49 ~-~-> 00:18:53 |here that has not been engaged after Thursdays went lower, smashed
210 |209 |00:18:53 ~-~-> 00:18:58 |everybody's expectation of continuation. Now everybody is tricked into thinking
211 |210 |00:18:58 ~-~-> 00:19:02 |the market's going to go what lower. So because we have the probabilities of
212 |211 |00:19:02 ~-~-> 00:19:06 |seeing a and I apologize if you hear a noise in the background like this
213 |212 |00:19:06 ~-~-> 00:19:11 |vibration, my neighbor is having trees cut down, so I had to deal with that
214 |213 |00:19:11 ~-~-> 00:19:14 |yesterday. So in a way, I was kind of glad I couldn't actually live stream.
215 |214 |00:19:15 ~-~-> 00:19:18 |But today, if you hear it, just know that it's something I can't avoid.
216 |215 |00:19:18 ~-~-> 00:19:22 |There's a lot of big trucks out there cutting down rather large trees. So the
217 |216 |00:19:23 ~-~-> 00:19:28 |Friday, large range day, we solved the issue of direction because of my
218 |217 |00:19:28 ~-~-> 00:19:32 |prompting on Thursday, telling you to look at wherever everything is left in
219 |218 |00:19:32 ~-~-> 00:19:36 |your charts, where they're smooth, relative equal highs. And I'll cycle
220 |219 |00:19:36 ~-~-> 00:19:39 |through in a lower time frames and show you a couple setups that happen pre
221 |220 |00:19:39 ~-~-> 00:19:45 |market and overnight and in Asia last night, using that same idea, but for
222 |221 |00:19:45 ~-~-> 00:19:50 |Friday, because we're expecting the large range day expansion to occur, the
223 |222 |00:19:50 ~-~-> 00:19:54 |direction is solved by looking where is the market leaving smooth highs or
224 |223 |00:19:54 ~-~-> 00:19:59 |smooth lows? Well, we had Wednesdays drop down that shift in sentiment. I.
225 |224 |00:20:00 ~-~-> 00:20:03 |Means retail is looking for lower prices go back to and revert back to higher.
226 |225 |00:20:03 ~-~-> 00:20:07 |Time Frame macro perspective, which is, it's an election year, so they're going
227 |226 |00:20:07 ~-~-> 00:20:10 |to keep trying to push this monkey higher on the tree. And then what
228 |227 |00:20:10 ~-~-> 00:20:13 |happens after November 5? You know, who knows? You know, does it? Does it stay
229 |228 |00:20:13 ~-~-> 00:20:17 |higher on another limb, or is it falling a coconut? And then we'll see what we
230 |229 |00:20:17 ~-~-> 00:20:26 |get. But here, the idea is that the large range day, which will usually
231 |230 |00:20:26 ~-~-> 00:20:33 |occur after the small Inside Day, when there's a small Inside Day, it's either
232 |231 |00:20:33 ~-~-> 00:20:37 |the very next day, or, worst case scenario, the second day after. Well,
233 |232 |00:20:37 ~-~-> 00:20:40 |you can't do that here on Friday, because we don't trade on Saturday. So
234 |233 |00:20:41 ~-~-> 00:20:45 |what are they going to do? They're going to rush. They're going to rush right at
235 |234 |00:20:45 ~-~-> 00:20:49 |the opening bell. And you see that happening here. The open is the low of
236 |235 |00:20:49 ~-~-> 00:20:53 |the date thus far. So what are they doing? They're rushing to get the market
237 |236 |00:20:53 ~-~-> 00:20:57 |up here. Who is they the algorithm? It's just simply running really, really quick
238 |237 |00:20:57 ~-~-> 00:21:01 |to get to that level here, because it doesn't want to offer the opportunity
239 |238 |00:21:01 ~-~-> 00:21:05 |for any individuals to have their stops up there that have been holding short,
240 |239 |00:21:05 ~-~-> 00:21:09 |looking for Wednesday's continuation on Thursday, but didn't happen. And then
241 |240 |00:21:09 ~-~-> 00:21:15 |Friday, here it is. They run real quick for them, that sudden one directional
242 |241 |00:21:15 ~-~-> 00:21:23 |run is going after that liquidity, so they can't pull their orders, the
243 |242 |00:21:23 ~-~-> 00:21:28 |direction is going to be bullish. As I indicated on Thursday's tweets, I told
244 |243 |00:21:28 ~-~-> 00:21:33 |you to focus where the market's smooth. And one of the things I learned from
245 |244 |00:21:33 ~-~-> 00:21:42 |Larry Williams is on large Range Days. On large Range Days, if it's bullish,
246 |245 |00:21:42 ~-~-> 00:21:50 |the open is going to be very, very low on the daily range, okay? And I know
247 |246 |00:21:50 ~-~-> 00:21:54 |that it's going to be in the lower quarter of whatever the daily range
248 |247 |00:21:54 ~-~-> 00:21:59 |would be. So let's, let's do some math on that. A little bit rough math. If we
249 |248 |00:21:59 ~-~-> 00:22:04 |know we're opening it at 930 and we're going to view this. It's not technically
250 |249 |00:22:04 ~-~-> 00:22:09 |the daily open, but I look at sessions the same way I would look at a daily
251 |250 |00:22:09 ~-~-> 00:22:13 |candlestick. For me, the morning session, the high and the low, where we
252 |251 |00:22:13 ~-~-> 00:22:17 |start and where we stop. I look at it in this perspective. This is power three,
253 |252 |00:22:18 ~-~-> 00:22:23 |so I'm looking for the opening when I'm bullish and I want to see manipulation.
254 |253 |00:22:24 ~-~-> 00:22:27 |That's the drop down, because if I'm bullish, I want to see some opposing
255 |254 |00:22:27 ~-~-> 00:22:31 |direction. That's the Judah swing. That's manipulation. And then the
256 |255 |00:22:31 ~-~-> 00:22:35 |accumulation below the opening price, or just above it, when it comes back down
257 |256 |00:22:35 ~-~-> 00:22:40 |and touch it again, it does not need to come back and touch it, but if it does,
258 |257 |00:22:40 ~-~-> 00:22:43 |that's all part of the accumulation phase. And then you have the profit
259 |258 |00:22:43 ~-~-> 00:22:47 |Release, release portion of the run. Then you go to the target, which would
260 |259 |00:22:47 ~-~-> 00:22:54 |be the liquidity or some higher Time Frame, PD array. That's these two levels
261 |260 |00:22:54 ~-~-> 00:22:59 |here. So the market trades up into them. And again, these levels. This is not the
262 |261 |00:22:59 ~-~-> 00:23:03 |scale, but it's just the idea of Thursday with a small range Inside Day,
263 |262 |00:23:03 ~-~-> 00:23:07 |and then Friday bullish, the open is going to be near the low of the day.
264 |263 |00:23:09 ~-~-> 00:23:12 |It's actually the low of the day here, if we're looking at the morning session,
265 |264 |00:23:12 ~-~-> 00:23:15 |but if you look at it through the lens of overnight and at midnight,
266 |265 |00:23:22 ~-~-> 00:23:25 |there's midnight. It creates the opening. Here.
267 |266 |00:23:28 ~-~-> 00:23:29 |We got like this.
268 |267 |00:23:37 ~-~-> 00:23:42 |There's your opening price. Here's the low of the day, right there. So this
269 |268 |00:23:42 ~-~-> 00:23:47 |line right here, think about this crude depiction of a hypothetical daily
270 |269 |00:23:47 ~-~-> 00:23:53 |candlestick, open, high level, closed bar that opening price is this, this
271 |270 |00:23:53 ~-~-> 00:23:59 |drop down is this little tail that's making the low of the day. And then the
272 |271 |00:23:59 ~-~-> 00:24:04 |market trades higher, it can. It doesn't always, but it can come back and use
273 |272 |00:24:04 ~-~-> 00:24:08 |that same opening price. What is it doing there? Trading right to that
274 |273 |00:24:08 ~-~-> 00:24:12 |opening price, hits it, then it consolidates. What's it doing? It's
275 |274 |00:24:12 ~-~-> 00:24:17 |accumulating. It's accumulating all around that opening price. It creates
276 |275 |00:24:17 ~-~-> 00:24:20 |the first drop down. That's where smart money is going to buy. I spent my first
277 |276 |00:24:20 ~-~-> 00:24:25 |few years trying to decipher this mystery, because that was the weakness
278 |277 |00:24:25 ~-~-> 00:24:30 |that Larry Williams admitted at the time, when I was studying everything he
279 |278 |00:24:30 ~-~-> 00:24:33 |ever had. He said that he wished he knew the zip code of all the traders that
280 |279 |00:24:33 ~-~-> 00:24:37 |would knew how to buy below the opening price. Okay, that was like a facetious
281 |280 |00:24:37 ~-~-> 00:24:41 |statement that, you know, he admitted his weakness so he would always do what
282 |281 |00:24:41 ~-~-> 00:24:47 |he would be buying some portion of the previous range, or an average of of
283 |282 |00:24:48 ~-~-> 00:24:52 |average daily range, and take 20% of that range and add it to the opening
284 |283 |00:24:52 ~-~-> 00:24:57 |price, and then he'd be buying up here that I tried that, and it hurt me. I
285 |284 |00:24:57 ~-~-> 00:25:01 |every time I tried to use that kind of stuff, I. Lost money. I'm not saying
286 |285 |00:25:01 ~-~-> 00:25:05 |that he has stuff that doesn't work or he didn't make money with it. I'm just
287 |286 |00:25:05 ~-~-> 00:25:09 |saying that because I was not able to be consistently following every time of
288 |287 |00:25:09 ~-~-> 00:25:15 |doing it. I will admit to you that that losses were heavy and when they hurt, I
289 |288 |00:25:15 ~-~-> 00:25:18 |would be afraid to take the next trade. So I'm not going to shit on him and say
290 |289 |00:25:18 ~-~-> 00:25:23 |his stuff didn't work. I just wasn't able to weather the drawdown that it
291 |290 |00:25:23 ~-~-> 00:25:27 |brought with it. So because he said he couldn't figure out how to be buying
292 |291 |00:25:27 ~-~-> 00:25:30 |below the opening price, I went back to simply saying, Okay, well, you have a
293 |292 |00:25:30 ~-~-> 00:25:34 |lot of the points already figured out. Toby Crabill, he brought up some things,
294 |293 |00:25:34 ~-~-> 00:25:38 |the narrowing of the range and the narrowest range in last seven days, when
295 |294 |00:25:38 ~-~-> 00:25:42 |it creates that he was a breakout artist, he would buy on a breakout above
296 |295 |00:25:42 ~-~-> 00:25:45 |or sell on a breakout below. I was never interested in doing that, because that's
297 |296 |00:25:45 ~-~-> 00:25:50 |synonymous with Larry Williams was doing then, when I first started 1992 so
298 |297 |00:25:50 ~-~-> 00:25:56 |because it hurt me buying with a portion of the last five days average daily
299 |298 |00:25:56 ~-~-> 00:25:59 |range, and then taking 20% of the average daily range if I'm bullish, or
300 |299 |00:25:59 ~-~-> 00:26:02 |if Larry Williams was bullish, he would add that to that opening price there.
301 |300 |00:26:02 ~-~-> 00:26:06 |Well, he would actually do it here on that opening price. But because I was
302 |301 |00:26:06 ~-~-> 00:26:10 |looking at the daily range, and I was trying to figure out how I could
303 |302 |00:26:10 ~-~-> 00:26:14 |facilitate a model that would be buying blue the opening price in days that
304 |303 |00:26:14 ~-~-> 00:26:18 |would create this type of scenario, I just went back to time, when does the
305 |304 |00:26:18 ~-~-> 00:26:24 |day start? Midnight. So at midnight, I'm going to look for something that drops
306 |305 |00:26:24 ~-~-> 00:26:29 |down. I don't want to chase that because I don't want to be a short seller. I
307 |306 |00:26:29 ~-~-> 00:26:32 |didn't trust short selling. I didn't know how to do it when I first started.
308 |307 |00:26:32 ~-~-> 00:26:36 |So I just let it drop down. And then when it gave me a bullish divergence on
309 |308 |00:26:36 ~-~-> 00:26:40 |the Stochastics, and then I had a histogram on the MACD that was my
310 |309 |00:26:40 ~-~-> 00:26:44 |filter. Sometimes they didn't agree. Sometimes I missed moves, and then I'd
311 |310 |00:26:44 ~-~-> 00:26:49 |have to chase price. Back in the 1990s I was, I was afraid I'd missed that,
312 |311 |00:26:49 ~-~-> 00:26:51 |because I would think, just like most of you would, you would think, Oh, I'm
313 |312 |00:26:51 ~-~-> 00:26:55 |missing the only up close day with a big range when they're going to repeat in
314 |313 |00:26:55 ~-~-> 00:26:59 |the future. But because I was first now fleshing out these ideas into models
315 |314 |00:26:59 ~-~-> 00:27:04 |that I would use and apply with real money, the the fear factor was too large
316 |315 |00:27:04 ~-~-> 00:27:10 |for me to to do a lot of things that I'm comfortable now. But the point is, is,
317 |316 |00:27:10 ~-~-> 00:27:16 |when we have a large range they expected. Larry brought a really amazing
318 |317 |00:27:17 ~-~-> 00:27:21 |observation that I didn't notice, and I was looking at charts a lot before him,
319 |318 |00:27:21 ~-~-> 00:27:27 |you know, not before him, but before getting into his material. I never
320 |319 |00:27:27 ~-~-> 00:27:31 |noticed that the opening would be near the low of bullish days. It was just
321 |320 |00:27:31 ~-~-> 00:27:34 |completely I didn't know about it. I didn't pay attention to it. They never
322 |321 |00:27:34 ~-~-> 00:27:38 |drew my attention to it. No one ever called any special attention to it. But
323 |322 |00:27:38 ~-~-> 00:27:44 |because his material talked about that, I was like, wow, as a day trader, like,
324 |323 |00:27:44 ~-~-> 00:27:48 |that's a that's a superpower, like, that's literally, like, one of the
325 |324 |00:27:48 ~-~-> 00:27:53 |wonderful advantages if you're a short term trader or a day trader, you want to
326 |325 |00:27:53 ~-~-> 00:27:58 |try to focus in on days when it's likely to start a price run like this, where
327 |326 |00:27:58 ~-~-> 00:28:02 |everything is in your favor, that it's going to go one direction, find the
328 |327 |00:28:02 ~-~-> 00:28:05 |opening price at midnight, and then anything below that price as it drops
329 |328 |00:28:05 ~-~-> 00:28:11 |down, if it agrees with other factors that would constitute a trade, then it
330 |329 |00:28:11 ~-~-> 00:28:14 |goes without saying that you have a high probability that you're going to be
331 |330 |00:28:14 ~-~-> 00:28:19 |entering below the opening price, where and when smart money would accumulate
332 |331 |00:28:19 ~-~-> 00:28:24 |their long positions and just know if we have economic counter like we had this
333 |332 |00:28:24 ~-~-> 00:28:30 |morning, we had 832 news drivers, and I don't recall off the top of my head what
334 |333 |00:28:30 ~-~-> 00:28:33 |they were. Give me a second. I don't want to tell you something that wasn't
335 |334 |00:28:33 ~-~-> 00:28:38 |accurate. 830 we had Core Durable goods orders, and again, that's a medium
336 |335 |00:28:38 ~-~-> 00:28:42 |impact news driver. You can find this information on forex factory, coms
337 |336 |00:28:42 ~-~-> 00:28:48 |calendar or econo day, econo day, and they're both free resources. But then we
338 |337 |00:28:48 ~-~-> 00:28:53 |had another new driver at 10 o'clock. So we had a split notice that we had 830
339 |338 |00:28:53 ~-~-> 00:28:58 |news, and then we had 10 o'clock news. So you gotta be real careful on days
340 |339 |00:28:58 ~-~-> 00:29:02 |that have that split news delivery, because sometimes it can create, like a
341 |340 |00:29:02 ~-~-> 00:29:06 |catapult type move where, or whiplash where, it sends the market one
342 |341 |00:29:06 ~-~-> 00:29:11 |direction, not the data, but the algorithm will use that data and trip
343 |342 |00:29:11 ~-~-> 00:29:15 |traders up. And they'll use the first set of data at 830 kind of like a FOMC,
344 |343 |00:29:15 ~-~-> 00:29:19 |where the first run is the fake run, and then at 230 during the conference at
345 |344 |00:29:19 ~-~-> 00:29:24 |FOMC, the real run takes place, and it's much larger in the opposite direction.
346 |345 |00:29:24 ~-~-> 00:29:28 |Well, sometimes when you have split delivery on the economic calendar, 839,
347 |346 |00:29:28 ~-~-> 00:29:32 |10 o'clock news like that, it can create those scenarios, but you can filter that
348 |347 |00:29:32 ~-~-> 00:29:38 |out on Days and circumstances like today, where we had the bias was
349 |348 |00:29:38 ~-~-> 00:29:41 |bullish. I shared that with you yesterday on Twitter, I said, keep your
350 |349 |00:29:41 ~-~-> 00:29:46 |eyes on focused on the smooth highs. That's your bias. That's me. Point look
351 |350 |00:29:46 ~-~-> 00:29:49 |up. In other words, don't look go short. Look up. And
352 |351 |00:29:55 ~-~-> 00:30:00 |when we're looking for the last trading day of the week, you. To go for that
353 |352 |00:30:00 ~-~-> 00:30:05 |target, or these targets that we had outlined here, that means that they're
354 |353 |00:30:05 ~-~-> 00:30:09 |going to use the opening bell. And even though there might be a large gap here,
355 |354 |00:30:09 ~-~-> 00:30:13 |even though that there's a 70% likelihood that it trades the mid gap,
356 |355 |00:30:14 ~-~-> 00:30:17 |these are the circumstances, and these are the types of days where it's going
357 |356 |00:30:17 ~-~-> 00:30:24 |to say, Not today, not today. So it's in a hurry. It's a rush to get up here and
358 |357 |00:30:24 ~-~-> 00:30:30 |get to that information. There information, but that liquidity. So what
359 |358 |00:30:30 ~-~-> 00:30:37 |I'm suggesting to you is this, if you were aware of these types of things, and
360 |359 |00:30:37 ~-~-> 00:30:41 |I covered a lot of this stuff in mentorship, I taught about it, and, you
361 |360 |00:30:41 ~-~-> 00:30:45 |know, topical studies before I started doing paid mentorships, in 2016 I will
362 |361 |00:30:45 ~-~-> 00:30:49 |never, ever, ever, ever do another paid mentorship. So for the people that are
363 |362 |00:30:49 ~-~-> 00:30:52 |pretending to be me on other social medias, I'm not trying to get you to buy
364 |363 |00:30:52 ~-~-> 00:30:57 |into a new mentorship. I'm never doing it again. I'm officially retired. I'm
365 |364 |00:30:57 ~-~-> 00:31:00 |never doing it. I don't need your money. I'm doing this for free. I don't care.
366 |365 |00:31:00 ~-~-> 00:31:03 |Okay? I don't want to do it anymore. It's too much work. It's a job. I don't
367 |366 |00:31:03 ~-~-> 00:31:08 |want that so, but you can find all my lecture notes and stuff for my
368 |367 |00:31:08 ~-~-> 00:31:11 |mentorship, and it's the stuff that you'd be paying for if I was doing a
369 |368 |00:31:11 ~-~-> 00:31:14 |mentorship. So why would you want to? Why would you want to pay me for
370 |369 |00:31:14 ~-~-> 00:31:18 |something I've already shared publicly? I guess people just want to be part of
371 |370 |00:31:18 ~-~-> 00:31:23 |the crew right now. I'm I'm trained by FISU like that means anything. I'm just
372 |371 |00:31:23 ~-~-> 00:31:35 |a guy, so take the crude depiction off here. And if we knew that the 1030 to
373 |372 |00:31:35 ~-~-> 00:31:43 |1130 hour that usually creates the to animate term high or low of the morning
374 |373 |00:31:43 ~-~-> 00:31:50 |session, and then it invites the lunch macro to define where the order flow is
375 |374 |00:31:50 ~-~-> 00:31:55 |going to be during that two hour period between 11 o'clock and one o'clock, or
376 |375 |00:31:55 ~-~-> 00:32:02 |specifically 1130 to 130 Okay, so lunch for New York is between 11:30am Eastern
377 |376 |00:32:02 ~-~-> 00:32:10 |Time to 1:30pm Eastern Time. The way that would unfold here is, let's just
378 |377 |00:32:10 ~-~-> 00:32:13 |say, play devil's advocate for a moment. I'm going to be with you till 1045
379 |378 |00:32:14 ~-~-> 00:32:18 |right? So that way we know what's going on. But at 1030 say it is 1030 right?
380 |379 |00:32:18 ~-~-> 00:32:22 |Now it's not. We have 11 minutes or so to go. What would happen is it would
381 |380 |00:32:22 ~-~-> 00:32:30 |start computing, computing, computing. I was gonna say computing. I will say that
382 |381 |00:32:30 ~-~-> 00:32:36 |the algorithm will computate the range high and the range low, and then it'll
383 |382 |00:32:36 ~-~-> 00:32:40 |define where midpoint is, or equilibrium, and then below that
384 |383 |00:32:40 ~-~-> 00:32:47 |equilibrium price point at 1030 then it'll start looking for sell side, and
385 |384 |00:32:47 ~-~-> 00:32:52 |the lunch macro is always going to run on those that are profitable. That's
386 |385 |00:32:52 ~-~-> 00:32:58 |what it does. Okay? That's exactly what it does. So sometimes it'll go down and
387 |386 |00:32:58 ~-~-> 00:33:02 |just take the first pool of liquidity, and then it'll consolidate and the rest
388 |387 |00:33:02 ~-~-> 00:33:06 |of the day and go no lower and make no new high. Other instances where it'll
389 |388 |00:33:06 ~-~-> 00:33:12 |trade down, trade into the trail, stop losses, and then once it triggers that
390 |389 |00:33:12 ~-~-> 00:33:16 |sell side, then it'll accumulate and start running higher and keep going in
391 |390 |00:33:16 ~-~-> 00:33:19 |the rest of the day until the last portion of the day, and close the week
392 |391 |00:33:19 ~-~-> 00:33:26 |out strong on the tie. I I believe that that is likely to occur today, meaning
393 |392 |00:33:26 ~-~-> 00:33:31 |that if we stop, say you were a session trader, there's nothing wrong with you
394 |393 |00:33:31 ~-~-> 00:33:34 |being done for the day. If you were already long and you've you've traded up
395 |394 |00:33:34 ~-~-> 00:33:38 |to here, or if you took profits early and you weren't able to see this, or
396 |395 |00:33:38 ~-~-> 00:33:43 |weren't aware of it, if you are in a flat position right now, you're not in
397 |396 |00:33:43 ~-~-> 00:33:47 |the trades anymore. You're flat or you haven't taken a trade. This is a
398 |397 |00:33:47 ~-~-> 00:33:50 |wonderful instance where you can sit still and say, You know what, I'm
399 |398 |00:33:50 ~-~-> 00:33:54 |content for this week. I'm done. Now. Everybody else out there with courses to
400 |399 |00:33:54 ~-~-> 00:33:57 |sell and signal services, they're going to say, Oh, well, I think he said, Look,
401 |400 |00:33:57 ~-~-> 00:34:00 |he said he's done trading, but he'll they're going to show you 20 other
402 |401 |00:34:00 ~-~-> 00:34:04 |trades the rest of the day. Filter out the times they didn't work, where they
403 |402 |00:34:04 ~-~-> 00:34:07 |didn't make money, and they're going to show you the combines or the funded
404 |403 |00:34:07 ~-~-> 00:34:12 |accounts that made them money that day. Okay, I'm being transparent. I'm being
405 |404 |00:34:12 ~-~-> 00:34:14 |honest. I'm telling you. Okay, you didn't know that I took two losing
406 |405 |00:34:14 ~-~-> 00:34:18 |trades yesterday. Unless you were a part of my group, you never would have known
407 |406 |00:34:18 ~-~-> 00:34:22 |that, but because I said, if I had them, I will tell you about them. They weren't
408 |407 |00:34:22 ~-~-> 00:34:26 |recorded, but they were outlined audibly, just like I'm talking right
409 |408 |00:34:26 ~-~-> 00:34:30 |now. I didn't put any kind of charts up and point to anything. I just said,
410 |409 |00:34:30 ~-~-> 00:34:35 |Okay, watch this one minute. Candlestick at 1054, watch this fair value cap. I
411 |410 |00:34:35 ~-~-> 00:34:39 |want to see this become an inversion fair value cap. And the first time I
412 |411 |00:34:39 ~-~-> 00:34:43 |used it, it slipped through it. And I said, Okay, well, I got burned on that
413 |412 |00:34:43 ~-~-> 00:34:49 |one. So because I'm staying with the idea that I shared with you all on
414 |413 |00:34:49 ~-~-> 00:34:53 |Thursday, that start looking for smooth highs, that means my bias is bullish.
415 |414 |00:34:53 ~-~-> 00:34:59 |It's been bullish. So I'm not going to abandon that narrative. I'm going to
416 |415 |00:34:59 ~-~-> 00:35:04 |I'm. To sit still and wait when the market starts to shift in my favor.
417 |416 |00:35:04 ~-~-> 00:35:09 |Again, wonderful. I'm going to use those same PD arrays. They're not stale. Okay?
418 |417 |00:35:09 ~-~-> 00:35:12 |I don't trade supply and demand. Okay? We don't always look at the the first
419 |418 |00:35:13 ~-~-> 00:35:18 |run into a zone. I don't trade zones. It's bullshit. I'm looking for PD arrays
420 |419 |00:35:18 ~-~-> 00:35:21 |that the algorithm is going to go right back to and you watched me execute on
421 |420 |00:35:21 ~-~-> 00:35:24 |those things yesterday. You know, I used to five second charges to twist a knife
422 |421 |00:35:24 ~-~-> 00:35:27 |on some guy that works on a campus as a police officer. Well, potentially the
423 |422 |00:35:27 ~-~-> 00:35:33 |police officer would say it that way. So buying near the low when it's bullish
424 |423 |00:35:33 ~-~-> 00:35:42 |and it's a large range day, okay, it affords you a lot of comfort patience.
425 |424 |00:35:42 ~-~-> 00:35:45 |Now, it doesn't mean you're going to have patience in the beginning, because
426 |425 |00:35:46 ~-~-> 00:35:50 |it's going to be easy for you to want, like if you were to long. Let's go into
427 |426 |00:35:50 ~-~-> 00:35:55 |regular trading or electronic trading hours. Let's go back into that midnight
428 |427 |00:35:56 ~-~-> 00:36:05 |time. And here is midnight rate. The hell am I doing?
429 |428 |00:36:22 ~-~-> 00:36:29 |Right there. So at that point, at midnight on Friday, we're looking at
430 |429 |00:36:29 ~-~-> 00:36:35 |what the market consolidate. It's part of a larger consolidation. But it's
431 |430 |00:36:35 ~-~-> 00:36:40 |during a period of time when the markets likely to do what, rally higher, move
432 |431 |00:36:40 ~-~-> 00:36:45 |higher, trade higher. So if we're looking for that range expansion, that
433 |432 |00:36:45 ~-~-> 00:36:49 |big, explosive price room run that that's occurring because Thursday was an
434 |433 |00:36:49 ~-~-> 00:36:56 |Inside Day, our bias is determined bullish. We're expecting two new drivers
435 |434 |00:36:56 ~-~-> 00:37:01 |at 830 and at 10 o'clock. So we have split delivery on the calendar. So
436 |435 |00:37:01 ~-~-> 00:37:06 |normally, that would create a back and forth. And then after the final 10
437 |436 |00:37:06 ~-~-> 00:37:10 |O'Clock News is released, then the real price runs for daily candlestick range
438 |437 |00:37:10 ~-~-> 00:37:15 |is delivered, not today, because it's the last trading day of the week, we
439 |438 |00:37:15 ~-~-> 00:37:21 |have unfinished business up here to draw on That liquidity. So by looking at that
440 |439 |00:37:24 ~-~-> 00:37:25 |at midnight and
441 |440 |00:37:40 ~-~-> 00:37:48 |the opening price drop down. It trades back above. It trades back down into the
442 |441 |00:37:48 ~-~-> 00:37:55 |opening price. Here, rallies, accumulates, accumulates. 3am what time
443 |442 |00:37:55 ~-~-> 00:38:01 |is 3am that's the heart of London session. So we would what expect the
444 |443 |00:38:01 ~-~-> 00:38:05 |market to what create some kind of displacement? Does it rally higher? Yes.
445 |444 |00:38:05 ~-~-> 00:38:09 |Does it go above a short term high? Yes. The market drops back down. What is it
446 |445 |00:38:09 ~-~-> 00:38:17 |trading back down into an order block? Does it take the low out? No. Does it
447 |446 |00:38:17 ~-~-> 00:38:24 |rally again? Yes, volume and balance inefficiency. Inversion, fair value gap,
448 |447 |00:38:24 ~-~-> 00:38:27 |all of that's being clustered all in that same area, right there,
449 |448 |00:38:27 ~-~-> 00:38:34 |consolidation, consolidation, and then finally, at 330 rips, trades higher,
450 |449 |00:38:35 ~-~-> 00:38:40 |takes higher, runs higher two, four o'clock in the morning, trades all the
451 |450 |00:38:40 ~-~-> 00:38:47 |way back down into the middle of the consolidation in here. What's the bias?
452 |451 |00:38:47 ~-~-> 00:38:51 |What are we looking for? Higher prices so anytime the market trades back down
453 |452 |00:38:51 ~-~-> 00:38:59 |into a discount, PD array, mid range or equilibrium, like we see here years and
454 |453 |00:38:59 ~-~-> 00:39:00 |years ago,
455 |454 |00:39:00 ~-~-> 00:39:02 |in 2012 2013 2014
456 |455 |00:39:04 ~-~-> 00:39:08 |I was doing just top topical studies, where I would talk about things that
457 |456 |00:39:08 ~-~-> 00:39:14 |were just very germane to one principle, one little thing. And they were like my
458 |457 |00:39:14 ~-~-> 00:39:18 |little breadcrumbs to see if I can accumulate some kind of interest. And
459 |458 |00:39:18 ~-~-> 00:39:22 |people wanted to learn what it is I was trying to share. And they were very
460 |459 |00:39:22 ~-~-> 00:39:26 |popular back then, and I don't have them on my channel anymore, and I'm I've
461 |460 |00:39:26 ~-~-> 00:39:29 |already taken down a couple other YouTube channels to have put them up,
462 |461 |00:39:29 ~-~-> 00:39:32 |because they're trying to monetize my stuff. You don't have my permission, and
463 |462 |00:39:32 ~-~-> 00:39:34 |that three other channels are about to come down the night too, because they're
464 |463 |00:39:34 ~-~-> 00:39:38 |taking my mentorship videos that I'm doing here and my live streams, and
465 |464 |00:39:38 ~-~-> 00:39:41 |they're putting them in their local language. I do not give you permission
466 |465 |00:39:41 ~-~-> 00:39:44 |to do that, so you're going to get a wave of copyright strikes, and you're
467 |466 |00:39:44 ~-~-> 00:39:47 |done, and I don't take them back. So don't ask me in an email, and you can
468 |467 |00:39:47 ~-~-> 00:39:52 |send me all the math. You can see what ain't going to change it. But all those
469 |468 |00:39:52 ~-~-> 00:39:55 |things that I did, topical studies, they're all wrapped up in the things, in
470 |469 |00:39:55 ~-~-> 00:40:00 |the lectures. It's all built in anyway. So if you're. Really trying to learn and
471 |470 |00:40:00 ~-~-> 00:40:03 |study. You're going to see all that stuff, but if you're looking at how
472 |471 |00:40:03 ~-~-> 00:40:11 |price delivers continuously higher, and then at seven o'clock in the morning, we
473 |472 |00:40:11 ~-~-> 00:40:17 |have the am session starting. So what do we have here? Smooth highlights. So
474 |473 |00:40:18 ~-~-> 00:40:23 |what's resting above that buy side? Market rallies up, trades up to and
475 |474 |00:40:23 ~-~-> 00:40:27 |through the buy side, and then comes back down into this inefficiency here,
476 |475 |00:40:29 ~-~-> 00:40:35 |if it's two inefficiencies, think about what I taught for model 2022. This is
477 |476 |00:40:35 ~-~-> 00:40:39 |the one you wouldn't try to trade in, but your stop has to respect the Second
478 |477 |00:40:39 ~-~-> 00:40:45 |fair value got. So you can see it drops down into it here, but then so goes
479 |478 |00:40:45 ~-~-> 00:40:57 |higher volume imbalance, plus my final balance cell phone efficiency. That's a
480 |479 |00:40:57 ~-~-> 00:41:03 |nice PDA, Reg conformation, confluci. I'm making my own words up here today,
481 |480 |00:41:05 ~-~-> 00:41:10 |Confluence in agreement to two PD arrays and a discount trades down to here,
482 |481 |00:41:11 ~-~-> 00:41:21 |rallies, one tomorrow. And then this is 15 second I was defining the range there
483 |482 |00:41:21 ~-~-> 00:41:24 |which I have To go out
484 |483 |00:41:26 ~-~-> 00:41:30 |to do that here, 15 second I'm
485 |484 |00:41:44 ~-~-> 00:41:48 |all right, let's just say that you wanted to be a part of this move, okay?
486 |485 |00:41:48 ~-~-> 00:41:55 |And you wanted to be a part of it over the daily range. But you know, as I'm
487 |486 |00:41:55 ~-~-> 00:41:59 |teaching this lecture, because of the circumstances and the things that are
488 |487 |00:42:01 ~-~-> 00:42:04 |germane to today being Friday, last trading day of the week. Unfinished
489 |488 |00:42:04 ~-~-> 00:42:10 |business. That big pool of liquidity above on the 15 minute time frame these
490 |489 |00:42:10 ~-~-> 00:42:11 |price levels
491 |490 |00:42:12 ~-~-> 00:42:16 |up here, all the way up here,
492 |491 |00:42:18 ~-~-> 00:42:23 |because that is the likely draw my private students. I know this sounds
493 |492 |00:42:23 ~-~-> 00:42:28 |terrible to say it, but I'm giving them a nod in the lecture, in the live
494 |493 |00:42:28 ~-~-> 00:42:32 |stream, because they know that we were looking at these levels. We weren't
495 |494 |00:42:32 ~-~-> 00:42:35 |looking at them just yesterday for a target for yesterday, but we've been
496 |495 |00:42:35 ~-~-> 00:42:40 |looking at so if I delivered this morning, but because we know that the
497 |496 |00:42:40 ~-~-> 00:42:43 |likelihood of a large range day is going to form today on Friday, because we had
498 |497 |00:42:43 ~-~-> 00:42:47 |a small inside day on Thursday, meaning that the range on Thursday's daily high
499 |498 |00:42:47 ~-~-> 00:42:52 |and low was smaller. The high was lower than Wednesday's high, and the low of
500 |499 |00:42:52 ~-~-> 00:42:57 |Thursday was higher than Wednesday's low. So that means it's inside of the
501 |500 |00:42:57 ~-~-> 00:43:01 |previous day's range. Whenever that occurs, you have the indication that
502 |501 |00:43:01 ~-~-> 00:43:04 |there's going to be a large range, explosive large range, one directional
503 |502 |00:43:04 ~-~-> 00:43:10 |move. When it happens, it's going to most likely deliver in the basis of a
504 |503 |00:43:10 ~-~-> 00:43:15 |low resistance liquidity run condition. That means it's not going to be a lot of
505 |504 |00:43:15 ~-~-> 00:43:19 |fuzzy price action, not going to be like it was yesterday on Thursday. Think
506 |505 |00:43:19 ~-~-> 00:43:25 |about what Thursday really did it create a small Inside Day relative to
507 |506 |00:43:25 ~-~-> 00:43:29 |Wednesday's daily high and low, and because it's creating that small range
508 |507 |00:43:29 ~-~-> 00:43:34 |day, it's not surprising to see how it was very back and forth. Even though it
509 |508 |00:43:34 ~-~-> 00:43:39 |was tradable, and I got beat up on the first two trades, I tried the next two.
510 |509 |00:43:40 ~-~-> 00:43:44 |Fixed it because I stayed with my narrative. I didn't throw it out, you
511 |510 |00:43:44 ~-~-> 00:43:47 |know, throw the baby out with the bathwater. I didn't abandon my model
512 |511 |00:43:47 ~-~-> 00:43:52 |because I had two losing trades in front of my students. I didn't lose my edge.
513 |512 |00:43:52 ~-~-> 00:43:57 |They didn't change the algorithm. All these things that you're you're worrying
514 |513 |00:43:57 ~-~-> 00:44:01 |about, I know that I have models and a perception of a price that's going to
515 |514 |00:44:01 ~-~-> 00:44:06 |stick to me forever as a trader. I'm never going to abandon them. I'm never
516 |515 |00:44:06 ~-~-> 00:44:12 |going to look at market any other way. But I'm also a realist, because I know
517 |516 |00:44:12 ~-~-> 00:44:16 |I'll mess it up, and I did. I messed it up yesterday. My models don't fail. I
518 |517 |00:44:16 ~-~-> 00:44:21 |fail using them because I try to do things when I would even tell you not to
519 |518 |00:44:21 ~-~-> 00:44:26 |do don't try to trade the morning session, because why the approach to
520 |519 |00:44:26 ~-~-> 00:44:32 |trying to force precision in days like when we have a large range day on
521 |520 |00:44:32 ~-~-> 00:44:36 |Wednesday, where it's big down day the following morning session, you want to
522 |521 |00:44:36 ~-~-> 00:44:39 |avoid that, because it's going to evade you when it comes to precision. But
523 |522 |00:44:39 ~-~-> 00:44:43 |because I'm ICT, and I like to do things as to prove a point. Well, I prove the
524 |523 |00:44:43 ~-~-> 00:44:47 |point that I'm human too. And I lost two times yesterday back to back, just like
525 |524 |00:44:47 ~-~-> 00:44:55 |that, and then I went and got it all back with more. So I'm not advocating
526 |525 |00:44:55 ~-~-> 00:45:00 |that you do that. That's the part of me that makes me not a good mentor. Because
527 |526 |00:45:01 ~-~-> 00:45:04 |I'm willing to break my own rules because I'm good enough to come back
528 |527 |00:45:04 ~-~-> 00:45:08 |from it. And when you're first starting to do this, you're going to want to do
529 |528 |00:45:08 ~-~-> 00:45:12 |those things, because you hear me say that, or if you watch me, or if my
530 |529 |00:45:12 ~-~-> 00:45:15 |students see that, they say, Oh, wow, yeah, you had two losing trades. It was
531 |530 |00:45:15 ~-~-> 00:45:18 |a little cringy because you're like, you're supposed to be ICT. And you just
532 |531 |00:45:18 ~-~-> 00:45:22 |had two back to back losing positions, you know, right here, and what would the
533 |532 |00:45:22 ~-~-> 00:45:25 |internet think if it got out? And I'm sure they all were running out there in
534 |533 |00:45:25 ~-~-> 00:45:28 |their little circle jerks, like I was joking with my crew yesterday, and I
535 |534 |00:45:28 ~-~-> 00:45:30 |told him, I said they they ran out there
536 |535 |00:45:30 ~-~-> 00:45:33 |real quick. Watch this. ICT lost two trades, but you'll never hear him talk
537 |536 |00:45:33 ~-~-> 00:45:35 |about it. He wants everybody believe he's so good.
538 |537 |00:45:35 ~-~-> 00:45:38 |He's perfect. But I can, I told you, I told you, if I have a losing trade,
539 |538 |00:45:38 ~-~-> 00:45:41 |you're going to see it. I'll tell you about it. I'm not afraid to talk about
540 |539 |00:45:41 ~-~-> 00:45:45 |it. In fact, it's helpful. It communicates the very thing that I teach
541 |540 |00:45:45 ~-~-> 00:45:48 |you not to do. Don't trade in the morning session after a large range day.
542 |541 |00:45:49 ~-~-> 00:45:53 |It's simple, isn't it? It's simple, but because they're my concepts, because I
543 |542 |00:45:53 ~-~-> 00:45:56 |codified them, and because I'm a little bit better than the average bear, I will
544 |543 |00:45:57 ~-~-> 00:46:02 |I'll chance going out there and doing it, and when I'm doing it like that, and
545 |544 |00:46:02 ~-~-> 00:46:08 |it's profitable when I'm able to say, look, see, I was able to do this. I'm
546 |545 |00:46:08 ~-~-> 00:46:12 |not flexing and saying, Look at this. Look at me. Look, I can do that without
547 |546 |00:46:12 ~-~-> 00:46:18 |doing that. But it's me saying, Don't count this as something as a skill set
548 |547 |00:46:18 ~-~-> 00:46:22 |for you to acquire, because it's simply me doing something where it just
549 |548 |00:46:22 ~-~-> 00:46:27 |happened to work in my hands at that time. It's better for me to try to do
550 |549 |00:46:27 ~-~-> 00:46:33 |these things in the evidence division of See this is why I teach the way I teach.
551 |550 |00:46:33 ~-~-> 00:46:39 |And I know this, it pisses people off when I say stuff like that, but if I
552 |551 |00:46:39 ~-~-> 00:46:44 |only come out here and teach on days that are just real, real easy to trade,
553 |552 |00:46:44 ~-~-> 00:46:49 |and it's all one sided. Wouldn't that? Wouldn't that kind of communicate to you
554 |553 |00:46:49 ~-~-> 00:46:55 |that you're going to always know the days it does that contrast that with I
555 |554 |00:46:55 ~-~-> 00:47:01 |teach a lot around days and periods and conditions that are not going to be
556 |555 |00:47:01 ~-~-> 00:47:05 |conducive for a very, very precise delivery and price. Have you noticed
557 |556 |00:47:05 ~-~-> 00:47:10 |that? Have you noticed that in this, in this 2024 mentorship, because that's the
558 |557 |00:47:10 ~-~-> 00:47:16 |part I told you in my 2016 and 2017 paid mentorship, that every time that someone
559 |558 |00:47:16 ~-~-> 00:47:20 |joined my paid mentorship, they got those same lessons that are already on
560 |559 |00:47:20 ~-~-> 00:47:24 |my YouTube channel for free, and they had to go through all that core content
561 |560 |00:47:24 ~-~-> 00:47:28 |to understand what I just told you, so that way they don't have to go through
562 |561 |00:47:28 ~-~-> 00:47:36 |it, but because they didn't want to be taught in hard conditions. You if you're
563 |562 |00:47:36 ~-~-> 00:47:39 |not really ready to learn, you're going to come to me and say, okay, teach me
564 |563 |00:47:39 ~-~-> 00:47:43 |how I need to learn, because I know how I should be taught. Well, if you know
565 |564 |00:47:43 ~-~-> 00:47:46 |how you should be taught, then you know everything, and you're not, you're the
566 |565 |00:47:46 ~-~-> 00:47:50 |teacher, then I'm not going to I'm not going to waste my time with people like
567 |566 |00:47:50 ~-~-> 00:47:55 |that. So I always build in a method in my lectures where, if you're that way,
568 |567 |00:47:55 ~-~-> 00:47:58 |you're going to get bored with me or frustrated and you're going to stop
569 |568 |00:47:58 ~-~-> 00:48:01 |watching me. And that's exactly what I want you to do, because I don't have
570 |569 |00:48:01 ~-~-> 00:48:05 |time for you. You're not ready to learn. But for someone that's willing to
571 |570 |00:48:05 ~-~-> 00:48:09 |subscribe to the ideas that it's going to take a lot more time. You think it's
572 |571 |00:48:09 ~-~-> 00:48:13 |going to require patience, and you want to learn how you're going to ruin
573 |572 |00:48:13 ~-~-> 00:48:18 |yourself. You have to identify where those quicksand periods are, where that
574 |573 |00:48:19 ~-~-> 00:48:23 |that oil slick in the road is so that big pothole down the road that is going
575 |574 |00:48:23 ~-~-> 00:48:27 |to destroy the front end of your car. Okay, you don't take your high end
576 |575 |00:48:27 ~-~-> 00:48:30 |sports car and drive over top of potholes. You try to avoid everything
577 |576 |00:48:30 ~-~-> 00:48:35 |that it's going to cause damage. So as a as a mentor with 30 years plus
578 |577 |00:48:35 ~-~-> 00:48:40 |experience doing this, I know where these troublesome areas are going to be
579 |578 |00:48:40 ~-~-> 00:48:43 |in the marketplace, because I needed to know that I blew a lot of counts when I
580 |579 |00:48:43 ~-~-> 00:48:49 |was 20. I roasted myself continuously back then because I was a cowboy and I
581 |580 |00:48:49 ~-~-> 00:48:54 |knew I had a purpose in doing it. I was literally funding research and
582 |581 |00:48:54 ~-~-> 00:48:58 |development in my own hands, and I was learning a lot of things, but I didn't
583 |582 |00:48:58 ~-~-> 00:49:03 |understand or appreciate the measure of scar tissue that it was creating in me.
584 |583 |00:49:04 ~-~-> 00:49:08 |So when I teach and I I lecture, I teach you these things, and I tell you, don't
585 |584 |00:49:08 ~-~-> 00:49:12 |do these things. So that way you listen to me, because it's not you that I'm
586 |585 |00:49:12 ~-~-> 00:49:17 |talking to, remember that it just feels like we have this, this connection
587 |586 |00:49:17 ~-~-> 00:49:21 |together because I'm talking and I'm picturing my kids in my mind, I'm seeing
588 |587 |00:49:21 ~-~-> 00:49:25 |Caleb and Cody and Cameron and my youngest son and my daughter and any
589 |588 |00:49:25 ~-~-> 00:49:29 |other children in the future that I may or may not ever meet. I'm talking to
590 |589 |00:49:29 ~-~-> 00:49:32 |them in mind. So that's why sincerity is coming out of my mouth. I'm speaking
591 |590 |00:49:32 ~-~-> 00:49:36 |from my heart. I want them to learn from my mistakes. I don't want you to repeat
592 |591 |00:49:36 ~-~-> 00:49:41 |what it is I've done, because it's it's hard, it's hard to grow outside of that.
593 |592 |00:49:41 ~-~-> 00:49:46 |That's what caused me to take six years to figure out everything, because I
594 |593 |00:49:46 ~-~-> 00:49:49 |actually figured it out a little less than three and a half years. But I spent
595 |594 |00:49:49 ~-~-> 00:49:53 |time working through stuff, trying to tinker with things, because I thought I
596 |595 |00:49:53 ~-~-> 00:49:58 |could make it perfect, and I was never able to get perfect. So perfect is
597 |596 |00:49:58 ~-~-> 00:50:03 |always going to elude you. It's always a passion of mine, but I know enough that
598 |597 |00:50:03 ~-~-> 00:50:09 |I'm never going to hit perfect. So if you're looking for periods where you
599 |598 |00:50:09 ~-~-> 00:50:12 |know understanding where you're going to hurt yourself, and if, if you have an
600 |599 |00:50:12 ~-~-> 00:50:17 |educator in anything, maybe trading, it may be another skill set or hobby or
601 |600 |00:50:17 ~-~-> 00:50:28 |sport, if they have a way of teaching you how you're going to hurt yourself,
602 |601 |00:50:28 ~-~-> 00:50:32 |how you're going to find difficulties, and if you can observe that beforehand,
603 |602 |00:50:33 ~-~-> 00:50:36 |isn't that an advantage? Now, contrast that with some of you that are brand
604 |603 |00:50:36 ~-~-> 00:50:39 |new. Say, this is the first time you watch the video from your live stream,
605 |604 |00:50:39 ~-~-> 00:50:43 |and you're like, get on with you. You're not teaching anything. I'm actually,
606 |605 |00:50:43 ~-~-> 00:50:47 |literally teaching you exactly what you need to know. But you don't know that
607 |606 |00:50:47 ~-~-> 00:50:51 |you need to know that. Yet, when you got there and you try to use my stuff or
608 |607 |00:50:51 ~-~-> 00:50:54 |someone else's stuff, or you follow, follow somebody's signals, or whatever,
609 |608 |00:50:54 ~-~-> 00:50:57 |and you start losing real money, all of a sudden, you're going to be like, I
610 |609 |00:50:57 ~-~-> 00:51:01 |need someone who's going to help me fix myself, because I can't think straight.
611 |610 |00:51:01 ~-~-> 00:51:05 |Everything I'm thinking about is toxic. I'm afraid to get into a trade. I'm
612 |611 |00:51:05 ~-~-> 00:51:10 |afraid to take another losing trade if I if I follow this guy or follow this
613 |612 |00:51:10 ~-~-> 00:51:15 |model, or if I follow this approach, or if I just trust my own intuition, I back
614 |613 |00:51:15 ~-~-> 00:51:19 |test and back test best, and then all of a sudden, you clam up. You can't do it.
615 |614 |00:51:20 ~-~-> 00:51:25 |It's because you don't know if that moment you're ready to push the button
616 |615 |00:51:25 ~-~-> 00:51:29 |is going to be a moment of hardship where it's going to be much more
617 |616 |00:51:29 ~-~-> 00:51:34 |difficult versus when it's real easy, when it's low resistance liquidity runs.
618 |617 |00:51:34 ~-~-> 00:51:40 |I'm going to explain what that is. Okay, because yesterday, study intraday price
619 |618 |00:51:40 ~-~-> 00:51:47 |action on Thursday, go through your 15 minute time frame, 54321, and if you
620 |619 |00:51:47 ~-~-> 00:51:51 |have the ability to go down to the less than one minute candlesticks, do that,
621 |620 |00:51:52 ~-~-> 00:51:56 |and you'll see a lot of back and forth, back and forth, the overlapping of the
622 |621 |00:51:56 ~-~-> 00:52:01 |ranges. Once it creates a run, it comes right back over top of it. That is high
623 |622 |00:52:01 ~-~-> 00:52:05 |resistance liquidity run conditions. That means that you're going to get
624 |623 |00:52:05 ~-~-> 00:52:09 |chewed up, spat out. You're going to either blow your account, blow your
625 |624 |00:52:09 ~-~-> 00:52:15 |combine, go into severe draw down or full tilt, and be afraid to do anything
626 |625 |00:52:15 ~-~-> 00:52:17 |the rest of the day. And because that happened to you yesterday, you're going
627 |626 |00:52:17 ~-~-> 00:52:21 |to be fearful taking the trades when it's like it is today, when it was low
628 |627 |00:52:21 ~-~-> 00:52:25 |resistance, liquidity run, where you don't have a whole lot of give and take
629 |628 |00:52:25 ~-~-> 00:52:32 |and back and forth, it's just find me a PD array. Get in it, go, gone, going in
630 |629 |00:52:32 ~-~-> 00:52:37 |30 seconds. Okay, so what I defined in here, and I'll kind of walk you through
631 |630 |00:52:37 ~-~-> 00:52:44 |this. This is pre market pre session. If you look at the high here, there, that
632 |631 |00:52:44 ~-~-> 00:52:54 |high is this rotation and then start to move all the way back down into this
633 |632 |00:52:54 ~-~-> 00:53:00 |area in here. So what I identified is the body of the first high here, and
634 |633 |00:53:00 ~-~-> 00:53:04 |this was like a stop hunt, so I ignored that. So I'm looking at this reference
635 |634 |00:53:04 ~-~-> 00:53:10 |point here as the low and it comes back down and hits it here. So pre market.
636 |635 |00:53:11 ~-~-> 00:53:18 |Pre market. That means before 930 is opening bell, eight or 10 minutes after
637 |636 |00:53:18 ~-~-> 00:53:22 |eight. Okay, you're in a macro. So what's going to do? It's going to spool
638 |637 |00:53:23 ~-~-> 00:53:29 |trading all the way back down booking price, down to the low over here, if we
639 |638 |00:53:29 ~-~-> 00:53:36 |can define that range. Okay, once we have that, we can calibrate that to
640 |639 |00:53:37 ~-~-> 00:53:41 |whatever the high and the low is at the time, once it retraces back down to a
641 |640 |00:53:41 ~-~-> 00:53:45 |discounted rate and starts to move higher, what is it doing right there? On
642 |641 |00:53:45 ~-~-> 00:53:51 |that price run, it cleared this high. If you're really, really bullish, you can
643 |642 |00:53:51 ~-~-> 00:53:56 |use this short term high here. That's a shift in market structure. But here,
644 |643 |00:53:56 ~-~-> 00:54:00 |this really nails the deal and says, Okay, we've had two periods or two
645 |644 |00:54:00 ~-~-> 00:54:04 |points of reference where the market traded above a short term high, and then
646 |645 |00:54:04 ~-~-> 00:54:09 |it gravitates right back down into order, block, buy, something about sell,
647 |646 |00:54:09 ~-~-> 00:54:17 |sign, efficiency, range, high, range low. With those two reference points,
648 |647 |00:54:17 ~-~-> 00:54:21 |and we're bullish, and we're expecting a large range day, and we're expecting
649 |648 |00:54:21 ~-~-> 00:54:24 |that this most likely not going to see if we have a large opening range gap.
650 |649 |00:54:24 ~-~-> 00:54:30 |We're not going to see what, much if at all of a retracement into the opening
651 |650 |00:54:30 ~-~-> 00:54:34 |range gap, because it's going to be Go, go, go. It's Friday. Doesn't have a lot
652 |651 |00:54:34 ~-~-> 00:54:39 |of time. It's got to run aggressively for that buy side liquidity in the 600
653 |652 |00:54:41 ~-~-> 00:54:45 |so because all those factors coming together like a perfect storm, it's
654 |653 |00:54:45 ~-~-> 00:54:53 |beneficial for you to try to start looking for setups before 930 I get
655 |654 |00:54:53 ~-~-> 00:54:58 |questions all the time, what made you want to trade before 930 you teach
656 |655 |00:54:58 ~-~-> 00:55:01 |silver bullet. I thought you. Were supposed to be trading silver ball. I
657 |656 |00:55:01 ~-~-> 00:55:04 |thought we have to wait till 10 o'clock. That's you. If you're going to use that
658 |657 |00:55:04 ~-~-> 00:55:05 |model, you have to wait till then.
659 |658 |00:55:06 ~-~-> 00:55:10 |But there's always silver bullets. Every hour there's a silver bullet we talked
660 |659 |00:55:10 ~-~-> 00:55:16 |about, I taught this, but if I give you a model to start with, I'm not saying
661 |660 |00:55:16 ~-~-> 00:55:21 |that that's all I'm going to do. I'm educating. I'm giving you a plethora of
662 |661 |00:55:21 ~-~-> 00:55:24 |different ways to do this. There's more than one way to skin a cat, and there's
663 |662 |00:55:24 ~-~-> 00:55:29 |lots of ways to use my concepts, and that's wonderful for you as a student,
664 |663 |00:55:29 ~-~-> 00:55:32 |because that means that I don't have to press you into a mold, which is what the
665 |664 |00:55:32 ~-~-> 00:55:35 |silver bullet is at 10 o'clock. That's me pushing my son, Cameron, into a mold.
666 |665 |00:55:36 ~-~-> 00:55:39 |This is the time you have to trade. This is the only thing you're going to be
667 |666 |00:55:39 ~-~-> 00:55:42 |able to do. You cannot do anything else but this this because it forces him to
668 |667 |00:55:42 ~-~-> 00:55:48 |start somewhere. Because he's my son, I have authority over him as his dad, even
669 |668 |00:55:48 ~-~-> 00:55:53 |though he's making his own decisions. He's outside my home now. But because he
670 |669 |00:55:53 ~-~-> 00:56:00 |has that respect and that fathership role I have over him, I'm I'm tapping
671 |670 |00:56:00 ~-~-> 00:56:05 |into that to kind of like, say, look, yeah, I'm your dad, but I'm also, in
672 |671 |00:56:05 ~-~-> 00:56:09 |this capacity, I'm your teacher, I'm your mentor. So I'm going to reduce your
673 |672 |00:56:09 ~-~-> 00:56:13 |focus to this, because that'll give you a baseline you have to start somewhere.
674 |673 |00:56:13 ~-~-> 00:56:18 |You gotta get some kind of baseline experience. And it goes back to when
675 |674 |00:56:18 ~-~-> 00:56:23 |people come to my YouTube channel, where do I start? Pick something you can't go
676 |675 |00:56:23 ~-~-> 00:56:28 |wrong, but you have to have some kind of baseline Foundation. Because unless you
677 |676 |00:56:28 ~-~-> 00:56:33 |start somewhere, and there is no perfect really, there is no perfect starting
678 |677 |00:56:33 ~-~-> 00:56:37 |point. But now, because we've done this mentorship in 2024 because I'm doing it
679 |678 |00:56:37 ~-~-> 00:56:41 |over live price action, and doing things, showing you what the market's
680 |679 |00:56:41 ~-~-> 00:56:44 |going to do, pushing the button. Go back and listen to the lectures. You'll see
681 |680 |00:56:44 ~-~-> 00:56:52 |me do it. The whole idea of looking for this repeating phenomenon is not enough.
682 |681 |00:56:52 ~-~-> 00:57:01 |It's identifying where you're going to wreck yourself. That's why 99.999999% of
683 |682 |00:57:01 ~-~-> 00:57:05 |educators out there, they don't touch this topic because they don't fucking
684 |683 |00:57:05 ~-~-> 00:57:10 |know. They don't know every day is a trading day, until you get your ass
685 |684 |00:57:10 ~-~-> 00:57:15 |handed to yourself and you don't talk about those days, you won't show your
686 |685 |00:57:15 ~-~-> 00:57:20 |funded account stuff, then you'll just pretend it never happened. But when it's
687 |686 |00:57:21 ~-~-> 00:57:25 |working your favor, then you'll broadcast that stuff. And that, to me,
688 |687 |00:57:25 ~-~-> 00:57:32 |is little bit of a disingenuous motive, because I am a realist. I am a realist
689 |688 |00:57:32 ~-~-> 00:57:38 |as I teach, I teach through a demo account paper trading, because I'm not
690 |689 |00:57:38 ~-~-> 00:57:43 |licensed to give financial advice, but I am not a demo trader in the real world.
691 |690 |00:57:44 ~-~-> 00:57:49 |I have to do things to comply legally in the United States, a lot of you Yahoos
692 |691 |00:57:49 ~-~-> 00:57:53 |out there, whether you're doing it in the United States as an American or
693 |692 |00:57:53 ~-~-> 00:58:00 |outside this this country, in the States, there are governing bodies that
694 |693 |00:58:00 ~-~-> 00:58:05 |will absolutely grab you by the lapels and say, Come here, son, and make your
695 |694 |00:58:05 ~-~-> 00:58:09 |life hard, make you pay fines that you probably can't afford, maybe even jail
696 |695 |00:58:09 ~-~-> 00:58:13 |time, and disbar you from having any ability to trade in the marketplace.
697 |696 |00:58:13 ~-~-> 00:58:17 |That can happen. There's consequences. So because I don't want that, I don't
698 |697 |00:58:17 ~-~-> 00:58:24 |want that problem. Okay, I don't need that trouble. Okay? I do things, and
699 |698 |00:58:24 ~-~-> 00:58:27 |even though you may not like it, it may, oh, you're supposed to be like, let me
700 |699 |00:58:27 ~-~-> 00:58:31 |as much as I love teaching all of you, I don't love you all that much to risk
701 |700 |00:58:31 ~-~-> 00:58:35 |that kind of stuff for my personal life. I have a lot to lose. So you can all
702 |701 |00:58:35 ~-~-> 00:58:40 |laugh and say, Oh, it's demo ball. I called myself that I do that for my own
703 |702 |00:58:40 ~-~-> 00:58:45 |legal protection. But it doesn't change the fact that the things I'm talking
704 |703 |00:58:45 ~-~-> 00:58:50 |about over live price data, either it works or it doesn't period. If it
705 |704 |00:58:50 ~-~-> 00:58:55 |doesn't work, then you know right away, there's no new further necessity for you
706 |705 |00:58:55 ~-~-> 00:58:59 |to please spend any more time with me, but you keep coming back here because
707 |706 |00:58:59 ~-~-> 00:59:03 |you see it working. So because we have Friday having a large range day likely,
708 |707 |00:59:03 ~-~-> 00:59:06 |and the direction was given to you because we're focusing on buy five
709 |708 |00:59:06 ~-~-> 00:59:13 |liquidity that was given to you on on Thursdays tweets, Friday's going to
710 |709 |00:59:13 ~-~-> 00:59:19 |start right out the gate, real quick, real fast, so we may not get a Return
711 |710 |00:59:19 ~-~-> 00:59:27 |back in the opening range gap at all. So that means trading pre market, whenever
712 |711 |00:59:27 ~-~-> 00:59:36 |I think that the markets likely to create a very large range day, or if
713 |712 |00:59:36 ~-~-> 00:59:41 |it's so one side, directionally, there's there's a two, there's the two caveats
714 |713 |00:59:41 ~-~-> 00:59:47 |to it. I will, many times elect to trade pre market before 930 and not do
715 |714 |00:59:47 ~-~-> 00:59:51 |anything as entries at all after the opening bell, because I'm already
716 |715 |00:59:51 ~-~-> 00:59:58 |positioned before the before the 930 bill even starts in their use between
717 |716 |00:59:58 ~-~-> 01:00:02 |seven o'clock and. Nine o'clock, something in there. I'm positioned, and
718 |717 |01:00:02 ~-~-> 01:00:06 |I'm holding, I probably have had multiple partials, and I'm waiting to
719 |718 |01:00:06 ~-~-> 01:00:10 |see the continuation and expansion through and blow off move that occurs
720 |719 |01:00:10 ~-~-> 01:00:15 |during the opening bell and the opening range of 930, to 10 o'clock. And then if
721 |720 |01:00:15 ~-~-> 01:00:22 |10 o'clock affords me a silver bullet that would allow me to do longer term
722 |721 |01:00:22 ~-~-> 01:00:27 |hold, and convinces me that I should go through the entire lunch session and
723 |722 |01:00:27 ~-~-> 01:00:33 |then see if I can pyramid during the lunch, macro retraces, goes down into
724 |723 |01:00:33 ~-~-> 01:00:38 |liquidity I can add to that, or if I've taken partials off, I can add them back,
725 |724 |01:00:38 ~-~-> 01:00:42 |plus more, because I have unrealized profit behind me still, because I've
726 |725 |01:00:42 ~-~-> 01:00:49 |entered so early in the day before 930 it just gives you a whole different
727 |726 |01:00:49 ~-~-> 01:00:53 |perspective on what we're doing with the daily range. It's not defined just
728 |727 |01:00:53 ~-~-> 01:00:57 |because it 930 it opens up. There's a gap. There's a whole lot of other things
729 |728 |01:00:57 ~-~-> 01:01:03 |going on before 930 opening bell, but not every session before 930 should be
730 |729 |01:01:03 ~-~-> 01:01:07 |traded. Not every one of them should be like that. There's going to be a lot of
731 |730 |01:01:07 ~-~-> 01:01:12 |times where the market doesn't do much at all pre market, and then at 930
732 |731 |01:01:12 ~-~-> 01:01:17 |everything comes alive, and everything is very easy to trade, but because all
733 |732 |01:01:17 ~-~-> 01:01:22 |the things I talked about in this lecture this morning coming together and
734 |733 |01:01:22 ~-~-> 01:01:26 |coalescing in one day, in one session, very limited time, because the weeks get
735 |734 |01:01:26 ~-~-> 01:01:32 |ready close just a real big pool of liquidity above us and the split
736 |735 |01:01:32 ~-~-> 01:01:37 |delivery on the economic calendar, we have 830 and 10 O'Clock News, and we
737 |736 |01:01:37 ~-~-> 01:01:41 |were already likely to have a large range gap opening. So don't look for the
738 |737 |01:01:41 ~-~-> 01:01:47 |opening range gap to fill. Wait for it to just rip and run to its unfinished
739 |738 |01:01:47 ~-~-> 01:01:51 |business, where the smooth areas are on your chart. So if we can define this
740 |739 |01:01:51 ~-~-> 01:01:55 |range from the high down to that low, as I mentioned a moment before I went on to
741 |740 |01:01:55 ~-~-> 01:02:01 |my rant, we can then look at the grading aspect. So again, this is for the folks
742 |741 |01:02:01 ~-~-> 01:02:06 |that say, if I, if I post something on Twitter or if I post a video on YouTube,
743 |742 |01:02:06 ~-~-> 01:02:12 |you don't see my comments. Okay, I have them set to review because there's a lot
744 |743 |01:02:12 ~-~-> 01:02:16 |of people posting some weird stuff about I don't even, I can't remember what it
745 |744 |01:02:16 ~-~-> 01:02:18 |is, but it's always like, I'm so thankful that you talked about some AI,
746 |745 |01:02:18 ~-~-> 01:02:22 |14, something, something, whatever. It's probably some kind of crypto. I don't
747 |746 |01:02:22 ~-~-> 01:02:25 |even know what it is. Even know what it is, but when one person posts, or a bot
748 |747 |01:02:25 ~-~-> 01:02:29 |posts on that, there's like 80 different responses to that kind of, like,
749 |748 |01:02:30 ~-~-> 01:02:34 |promoting whatever that garbage is. So if it ain't that, you know, I got one or
750 |749 |01:02:34 ~-~-> 01:02:38 |two people come in here. I'm a scammer. I'm a fraud. But the rest is like, I'm
751 |750 |01:02:38 ~-~-> 01:02:41 |Thank you. Thank you for sharing all that stuff. And it's just it, it just it
752 |751 |01:02:41 ~-~-> 01:02:46 |would look like I'm paying for that stuff, and I'm certainly not paying for
753 |752 |01:02:46 ~-~-> 01:02:49 |bots to leave comments. Okay, you should use my comment section on my YouTube
754 |753 |01:02:49 ~-~-> 01:02:53 |channel as your own little study reference point, because the comments
755 |754 |01:02:53 ~-~-> 01:02:58 |that you leave, you can write down in comments certain minute markers and say,
756 |755 |01:02:58 ~-~-> 01:03:02 |This is where IPP talked about, you know order blocks, or when order blocks
757 |756 |01:03:03 ~-~-> 01:03:08 |aren't likely to work, it allows you to have, like, a scrapbook or note taking
758 |757 |01:03:08 ~-~-> 01:03:11 |aspect, because you're the only one can see, I can see your notes, but no one
759 |758 |01:03:11 ~-~-> 01:03:14 |else can see that, and it doesn't clutter up. You don't have to sort
760 |759 |01:03:14 ~-~-> 01:03:19 |through all the comments to find your bookmark where you walked watch the
761 |760 |01:03:19 ~-~-> 01:03:23 |video up to this certain minute mark, like you, you're wasting your time. You
762 |761 |01:03:23 ~-~-> 01:03:28 |know, when you don't use that, that resource, because every one of my videos
763 |762 |01:03:28 ~-~-> 01:03:37 |has that ability for you, but the chance, oh, the question always comes up
764 |763 |01:03:37 ~-~-> 01:03:41 |with, you know, why did you pick that fair value you got? Now, some of you are
765 |764 |01:03:41 ~-~-> 01:03:44 |thinking, Yeah, that's the question. I've been wanting. You never You never
766 |765 |01:03:44 ~-~-> 01:03:51 |answer me. When I'm picking specific fair value gaps, or if I'm picking order
767 |766 |01:03:51 ~-~-> 01:03:56 |blocks, or if I'm looking for any specific PD array, it's not simply
768 |767 |01:03:56 ~-~-> 01:03:59 |because a down closed candle makes it a normal block. It's not simply because
769 |768 |01:03:59 ~-~-> 01:04:07 |there's a separation by one candle defining an exposed single delivery or
770 |769 |01:04:07 ~-~-> 01:04:12 |fair value gap that makes it a tradable fair value gap for me. And this is not
771 |770 |01:04:12 ~-~-> 01:04:19 |going to be encompassing the entire aspect or the complete treatment to a
772 |771 |01:04:19 ~-~-> 01:04:24 |fair value gap, but it's certainly going to divide the waters, because there's a
773 |772 |01:04:24 ~-~-> 01:04:29 |lot of people out there that are teaching fair value gap, and they don't
774 |773 |01:04:29 ~-~-> 01:04:33 |know what they're talking about, and I want you to take notes here, because
775 |774 |01:04:33 ~-~-> 01:04:40 |you're hurting your students when you don't know this, and You're also messing
776 |775 |01:04:40 ~-~-> 01:04:44 |up the consistency that my concepts have, because when people watch your
777 |776 |01:04:44 ~-~-> 01:04:48 |shit and you're not crediting me, you're not taking any attention back to my
778 |777 |01:04:48 ~-~-> 01:04:53 |channel where they can further learn. I don't mind that you're demonstrating it
779 |778 |01:04:53 ~-~-> 01:04:57 |in your YouTube channel. I don't care that you're doing that. Go do that. It's
780 |779 |01:04:57 ~-~-> 01:04:57 |wonderful.
781 |780 |01:04:57 ~-~-> 01:05:01 |I love watching my students do that. But when. Someone steps out and they pretend
782 |781 |01:05:01 ~-~-> 01:05:05 |they're doing to be the mentor with them, you need to sit down. And I mean
783 |782 |01:05:05 ~-~-> 01:05:09 |that like you don't know what the you're doing, and you're literally scamming
784 |783 |01:05:09 ~-~-> 01:05:12 |people and defrauding them if you're getting paid to do it. Because I'm
785 |784 |01:05:12 ~-~-> 01:05:15 |telling everybody, there ain't one person out there teaching my concepts
786 |785 |01:05:15 ~-~-> 01:05:21 |that's doing it right. And the story pin, that's it. That's it. You're
787 |786 |01:05:21 ~-~-> 01:05:26 |looking for fair value gaps that match this. Okay? If you're looking at a
788 |787 |01:05:26 ~-~-> 01:05:32 |mentor, pseudo mentor, okay, a faux personal, okay, the fake professionals
789 |788 |01:05:32 ~-~-> 01:05:38 |out there, if they're defining anything outside of this, right away, you already
790 |789 |01:05:38 ~-~-> 01:05:41 |know that they don't know what they're talking about. And go watch their old
791 |790 |01:05:41 ~-~-> 01:05:44 |videos, and you'll see them doing it wrong based on this information, okay?
792 |791 |01:05:44 ~-~-> 01:05:49 |And that's why their shit didn't work. Then when you have a dealing range, and
793 |792 |01:05:49 ~-~-> 01:05:54 |we define that from this high here, and it's dropping down back to a PD array
794 |793 |01:05:54 ~-~-> 01:05:59 |over here, this was a stop run. So we we mix this. We don't even pay attention to
795 |794 |01:05:59 ~-~-> 01:06:02 |this candlestick. All that was a little bump. Take that high, and then price
796 |795 |01:06:02 ~-~-> 01:06:09 |went lower today, yet it drops back down to a discount. I'm looking at this high
797 |796 |01:06:09 ~-~-> 01:06:13 |here and the bodies, because this wick is just like this one. It's doing
798 |797 |01:06:13 ~-~-> 01:06:18 |damage. I'm going to go back to the bodies here, and I showed you by drawing
799 |798 |01:06:18 ~-~-> 01:06:21 |that out in time. That's the return to it here. And then we have a shift in
800 |799 |01:06:21 ~-~-> 01:06:25 |market structure. You can define it with define it with, with this high here. And
801 |800 |01:06:25 ~-~-> 01:06:28 |there's nothing wrong with that in this case, because we are expecting what a
802 |801 |01:06:28 ~-~-> 01:06:31 |large range day to deliver today on Friday, because Thursday was this Inside
803 |802 |01:06:31 ~-~-> 01:06:38 |Day. Using this one, it qualifies it even further, because when it trades
804 |803 |01:06:38 ~-~-> 01:06:41 |above this one, it's one candle, and then the next candle trades about that
805 |804 |01:06:41 ~-~-> 01:06:46 |high. So it shifts market structure bullish. So any retracement back down
806 |805 |01:06:46 ~-~-> 01:06:53 |into this inefficiency here should be viewed as, what a discount array now,
807 |806 |01:06:55 ~-~-> 01:07:00 |because this high is the highest high in this retracement in a market that's
808 |807 |01:07:00 ~-~-> 01:07:08 |bullish we can grade that price swing. This is not quarters theory. It's not
809 |808 |01:07:08 ~-~-> 01:07:12 |quarterly theory, and none of that stuff. Okay, this is grading a price
810 |809 |01:07:12 ~-~-> 01:07:17 |swing. I do this with actual dealing ranges, as you see here, and then also
811 |810 |01:07:17 ~-~-> 01:07:22 |do this in price runs, where I either expect to enter or when I actually enter
812 |811 |01:07:22 ~-~-> 01:07:26 |the trade, and then where my target is. I know by doing what I'm about to show
813 |812 |01:07:26 ~-~-> 01:07:29 |you here, and you've seen me do this before, but if it's the first time, I'm
814 |813 |01:07:29 ~-~-> 01:07:35 |kind of give you a preamble of why it's important, which is usefulness to it, I
815 |814 |01:07:35 ~-~-> 01:07:44 |can predict where my future PD arrays are going to form. Now this is something
816 |815 |01:07:44 ~-~-> 01:07:48 |that I can transfer to you, but I already know where fair value that's
817 |816 |01:07:48 ~-~-> 01:07:52 |going to form before the dealing range even forms. And I know that's hard to
818 |817 |01:07:52 ~-~-> 01:07:57 |believe, but that's, that's, that's the superpower ICP has so and I know that's
819 |818 |01:07:57 ~-~-> 01:08:01 |going to cause a lot of stack and people going to put sound bites about this is
820 |819 |01:08:01 ~-~-> 01:08:04 |where he said, Yep, and you're going to talk about me, and people are going to
821 |820 |01:08:04 ~-~-> 01:08:07 |come to the channel. They're going to learn that's how it works. So here's
822 |821 |01:08:07 ~-~-> 01:08:10 |your dealing range, okay? And equilibrium is the halfway point right
823 |822 |01:08:10 ~-~-> 01:08:21 |here. So ideally, your best entries, lowest risk, highest yield in terms of r
824 |823 |01:08:21 ~-~-> 01:08:29 |multiples is going to be entered on a long at or below this line. Peer
825 |824 |01:08:29 ~-~-> 01:08:39 |emitting has to be limited to this price level here or lower now. Is that
826 |825 |01:08:39 ~-~-> 01:08:43 |ambiguous? Is there a lot of moving parts to that? Nope, it's very simple,
827 |826 |01:08:43 ~-~-> 01:08:47 |straightforward. Now, how can we use this information to pick the right fair
828 |827 |01:08:47 ~-~-> 01:08:51 |value gaps? How can we use this information to pick the right order
829 |828 |01:08:51 ~-~-> 01:08:57 |blocks? Oh, man, you're gonna have to come back on Monday for me to get to
830 |829 |01:08:57 ~-~-> 01:09:01 |that. I'm just kidding. You were pissed off for a second. Oh, no.
831 |830 |01:09:05 ~-~-> 01:09:06 |I love my job.
832 |831 |01:09:07 ~-~-> 01:09:10 |Here we have the upper and lower quadrants. Okay? And this is when you
833 |832 |01:09:10 ~-~-> 01:09:16 |want to take a picture. You can see that these are my quadrant levels. Optimal
834 |833 |01:09:16 ~-~-> 01:09:20 |trade entry level here this when I need to pull up the OT I just change the 0.75
835 |834 |01:09:21 ~-~-> 01:09:30 |to 0.725 or 0.79 because I round it, I don't do the 78% which is I do 70% and
836 |835 |01:09:30 ~-~-> 01:09:35 |then the rest are. These are over here. These are extensions that they're not
837 |836 |01:09:35 ~-~-> 01:09:37 |going to be taught to you until they're in the book format. It's using the
838 |837 |01:09:37 ~-~-> 01:09:41 |opening range gap and stand deviations, so it kind of picks the high and low of
839 |838 |01:09:41 ~-~-> 01:09:47 |the day, and that's a little hanger for you, too. But what we're seeing here is
840 |839 |01:09:47 ~-~-> 01:09:53 |the quadrant that is grading this dealing range from the high down to that
841 |840 |01:09:53 ~-~-> 01:09:58 |low. Now think about it. Yesterday, I took your attention, told you to start
842 |841 |01:09:58 ~-~-> 01:10:02 |focusing on the. Relative equal highs where everything was left smooth in the
843 |842 |01:10:02 ~-~-> 01:10:09 |marketplace. That's our bias is bullish. So that means we're going to be looking
844 |843 |01:10:09 ~-~-> 01:10:13 |for draws on liquidity, for buy side. We're not interested in shorts. So that
845 |844 |01:10:13 ~-~-> 01:10:16 |means you're going to look for bullish order blocks. It means you're going to
846 |845 |01:10:16 ~-~-> 01:10:20 |look for bullish breakers. It means you're going to look for bullish fair
847 |846 |01:10:20 ~-~-> 01:10:23 |value gaps, or you're going to look for fair value gaps that were initially
848 |847 |01:10:23 ~-~-> 01:10:27 |characterized as what would be short, selling or premium, that's going to be
849 |848 |01:10:28 ~-~-> 01:10:32 |broken, and then treated as an inversion fair value gap. You see how everything
850 |849 |01:10:32 ~-~-> 01:10:36 |changes to these are usable PDA rates. These are reference points that now you
851 |850 |01:10:36 ~-~-> 01:10:42 |can suddenly build an idea on an expectation round versus every down
852 |851 |01:10:42 ~-~-> 01:10:49 |closed candle should be an order block. It's not. It's not. So at 830 the
853 |852 |01:10:49 ~-~-> 01:10:52 |algorithm kicks in whether there's news or not, but we had medium impact news
854 |853 |01:10:52 ~-~-> 01:10:59 |driver this morning. So at 830 the market trades into our discount array,
855 |854 |01:11:00 ~-~-> 01:11:04 |and then we wait for what displacement. We don't just go down here. Start buying
856 |855 |01:11:04 ~-~-> 01:11:09 |just because it's trading there. Let the algorithm tip its hand to you. Let the
857 |856 |01:11:09 ~-~-> 01:11:14 |market say, Listen, I'm going to show you what I'm about to do. Pay attention.
858 |857 |01:11:14 ~-~-> 01:11:18 |So the market goes above the short term high here. What makes this candlestick
859 |858 |01:11:18 ~-~-> 01:11:22 |important? It's lower high here, and it's lower high here, so that's a swing
860 |859 |01:11:22 ~-~-> 01:11:27 |high. So when the market breaks above that, that's a shift in market
861 |860 |01:11:27 ~-~-> 01:11:34 |structure. So we can see it as such. So that's a shift in market structure. Go
862 |861 |01:11:34 ~-~-> 01:11:38 |back and look at model 2022, mentorship videos, and you'll see it's very similar
863 |862 |01:11:38 ~-~-> 01:11:44 |to that. And then it displaces higher. And then we have another swing high,
864 |863 |01:11:44 ~-~-> 01:11:48 |this candle thick, high is lower than that one. And then the lower high on
865 |864 |01:11:48 ~-~-> 01:11:53 |this one. So there's a swing high there. It broke both of them, leaving what this
866 |865 |01:11:53 ~-~-> 01:12:01 |buy side imbalance cells on efficiency, a portion of the order block or a
867 |866 |01:12:01 ~-~-> 01:12:06 |portion of the fair value gap. Must listen, folks, listen, listen, listen,
868 |867 |01:12:06 ~-~-> 01:12:15 |okay, it must be at or below the quadrant level. Here's your lower
869 |868 |01:12:15 ~-~-> 01:12:22 |quadrant level, here's your fair value gap. Is this fair value gap at or below
870 |869 |01:12:22 ~-~-> 01:12:27 |the lower quadrant. Yes, that means that this fair value gap is a proper
871 |870 |01:12:27 ~-~-> 01:12:34 |candidate to be long when you're bullish when time 830 spooling at 830 that's the
872 |871 |01:12:34 ~-~-> 01:12:44 |only 30 minute delineator for a macro everything else is 315 to 345 for the
873 |872 |01:12:44 ~-~-> 01:12:50 |last hour trading. And then you have the first 10 minutes to the top of the hour,
874 |873 |01:12:50 ~-~-> 01:12:54 |and the first 10 minutes after the top of the hour, that's every hour macro.
875 |874 |01:12:54 ~-~-> 01:12:59 |Okay, so there's your there's your little skinny on the macros. But 830
876 |875 |01:12:59 ~-~-> 01:13:04 |whether it's news or not, the algorithm will start spooling. If it doesn't start
877 |876 |01:13:04 ~-~-> 01:13:07 |spooling and running, then you just simply wait, because it's telling you
878 |877 |01:13:07 ~-~-> 01:13:10 |that it's waiting for the 930 opening bell. So what happens if, if you're
879 |878 |01:13:10 ~-~-> 01:13:14 |anticipating something here, it just just meanders around or goes lower, do
880 |879 |01:13:14 ~-~-> 01:13:20 |nothing, sit still and wait for 930 opening bell. But because I built the
881 |880 |01:13:20 ~-~-> 01:13:26 |case around everything I'm talking about today. See, we're already inside of the
882 |881 |01:13:26 ~-~-> 01:13:29 |equivalent of two chapters in a book, just with this live stream. Just this
883 |882 |01:13:29 ~-~-> 01:13:33 |live stream talking about the impacts of knowing how to use the economic
884 |883 |01:13:33 ~-~-> 01:13:37 |calendar, knowing how to use the day of week phenomenon, understanding the pools
885 |884 |01:13:37 ~-~-> 01:13:41 |of liquidity and the pdra matrix, and how to now use that information and
886 |885 |01:13:41 ~-~-> 01:13:46 |define which order block, which fair value gaps are the one I trade off of,
887 |886 |01:13:46 ~-~-> 01:13:50 |because that's the one the algorithm is going to use. That's authorship, that's
888 |887 |01:13:50 ~-~-> 01:13:56 |fingerprints, okay? By defining this with the quadrant level, here your fair
889 |888 |01:13:56 ~-~-> 01:13:59 |value gap or order block, which is this down closed candle, right? There is that
890 |889 |01:13:59 ~-~-> 01:14:08 |below that quadrant level? Yes, yes. Is this fair value gap at or less than this
891 |890 |01:14:08 ~-~-> 01:14:14 |quadrant level of this dealing range? Yes. Now watch what happened. The market
892 |891 |01:14:14 ~-~-> 01:14:17 |trades down. We have a little bit of a mohawk. That's fine, because you have an
893 |892 |01:14:17 ~-~-> 01:14:27 |order block there. That order block right here. Why am I using that one? Why
894 |893 |01:14:27 ~-~-> 01:14:28 |am I specifically using that one?
895 |894 |01:14:33 ~-~-> 01:14:39 |Because it has the lowest down close in with a body, so the body's projection
896 |895 |01:14:39 ~-~-> 01:14:45 |lower, it's lower, and we don't use this wick. This is your order block, right
897 |896 |01:14:45 ~-~-> 01:14:53 |there. So half of that order block is a mean threshold reference point. It's not
898 |897 |01:14:53 ~-~-> 01:14:57 |consequent encroachment. Consequence encroachment is gaps or inefficiencies
899 |898 |01:14:57 ~-~-> 01:15:03 |or width, okay, when the. So candlestick body, in this case, it's a bull shorter
900 |899 |01:15:03 ~-~-> 01:15:10 |block. Half of that range is mean threshold. That price is 452.75 what's
901 |900 |01:15:10 ~-~-> 01:15:19 |the low of that candlestick? The fucking low of 450 2.75 folks. That's
902 |901 |01:15:19 ~-~-> 01:15:25 |perfection. Elliott Wave wishes he fucking knew this. Sam SEIDEN has no
903 |902 |01:15:25 ~-~-> 01:15:29 |idea how to fucking do that. No light. Well, maybe he does now he's watching my
904 |903 |01:15:29 ~-~-> 01:15:33 |videos and stuff. But there is no other school of thought that teaches that.
905 |904 |01:15:34 ~-~-> 01:15:39 |None. White cough has no fucking idea, no idea. He's rolling around in his
906 |905 |01:15:39 ~-~-> 01:15:41 |grave right now wishing he had a fucking pen and pad right now. I wish I would
907 |906 |01:15:41 ~-~-> 01:15:46 |have put that in my writings then he didn't know about it. Okay? And
908 |907 |01:15:46 ~-~-> 01:15:49 |everybody that uses white cough, they don't have this information in there.
909 |908 |01:15:49 ~-~-> 01:15:54 |Sorry, but that's perfect to the tick, but that's supposed to be buying and
910 |909 |01:15:54 ~-~-> 01:15:58 |selling pressure, right? Buying and selling pressure on the next
911 |910 |01:15:58 ~-~-> 01:16:05 |candlestick, right there? What's the candlesticks below there, 20,452.75 not
912 |911 |01:16:06 ~-~-> 01:16:14 |one deviation off by one tick left or above. That value perfectly delivered.
913 |912 |01:16:14 ~-~-> 01:16:20 |And you're going to tell me, you're going to argue with me that it's buying
914 |913 |01:16:20 ~-~-> 01:16:25 |and selling pressure, the randomness of everybody coming together and buying and
915 |914 |01:16:25 ~-~-> 01:16:29 |selling on their bullshit that's going to cause the market to stop right there,
916 |915 |01:16:29 ~-~-> 01:16:35 |right? You know, it takes more faith to believe that than it simply that there's
917 |916 |01:16:35 ~-~-> 01:16:39 |an autonomous price engine that literally is controlling the
918 |917 |01:16:39 ~-~-> 01:16:44 |fluctuations in the ebb and flow until it's manually disturbed by intervention.
919 |918 |01:16:45 ~-~-> 01:16:49 |That's what's going on. And you can argue with me all you want, but you're
920 |919 |01:16:49 ~-~-> 01:16:55 |never going to convince the author. You're never going to convince me, and
921 |920 |01:16:55 ~-~-> 01:16:59 |you're never going to convince my students have now seen it. They use it.
922 |921 |01:16:59 ~-~-> 01:17:02 |They make money with it. They can predict it. They can anticipate they can
923 |922 |01:17:02 ~-~-> 01:17:06 |see it. And some of them have communities where they're doing it in
924 |923 |01:17:06 ~-~-> 01:17:11 |the witness of others continuously, and you're never going to convince them that
925 |924 |01:17:11 ~-~-> 01:17:16 |they didn't witness it, not just once, not once in a blue moon every fucking
926 |925 |01:17:16 ~-~-> 01:17:22 |day. Now find that and anything else out there, it's not so the market does what
927 |926 |01:17:22 ~-~-> 01:17:26 |it rallies back up and look what it does. It delivers into this volume and
928 |927 |01:17:26 ~-~-> 01:17:30 |balance, see that. So this volume balance, it delivers it what's it
929 |928 |01:17:30 ~-~-> 01:17:34 |missing? Buy side and sell side, delivery. So it lays a body up in there,
930 |929 |01:17:34 ~-~-> 01:17:38 |so it buries a body inside that volume of balance, and then drops right back
931 |930 |01:17:38 ~-~-> 01:17:48 |down into what that swing high here, rallies back up, leaves the lower
932 |931 |01:17:48 ~-~-> 01:17:54 |quadrant, trades up to equilibrium, meanders around in here and then causes,
933 |932 |01:17:54 ~-~-> 01:17:59 |what another displacement. What is this candlestick right there? What is that?
934 |933 |01:18:01 ~-~-> 01:18:02 |It's a fair value gap,
935 |934 |01:18:03 ~-~-> 01:18:03 |well.
936 |935 |01:18:03 ~-~-> 01:18:11 |ICT, why didn't you use this one? See, he doesn't even use his own logic. He
937 |936 |01:18:11 ~-~-> 01:18:15 |doesn't even use his own stuff. He's he's making it up as he goes along. Why
938 |937 |01:18:15 ~-~-> 01:18:18 |didn't He use that fair value gap? ICT, why should use now? Because, isn't that
939 |938 |01:18:18 ~-~-> 01:18:25 |a fair value efficiency? Ain't that the thing? Ain't that the thing? No, because
940 |939 |01:18:25 ~-~-> 01:18:28 |where's that? The majority of the body of that bison Valentine efficiency is
941 |940 |01:18:28 ~-~-> 01:18:40 |what above that quadrant, starting to make sense now in it. So here we have,
942 |941 |01:18:40 ~-~-> 01:18:45 |what equilibrium we're at that we're at that precipice where, if you're building
943 |942 |01:18:45 ~-~-> 01:18:50 |a position in all this down here, pyramiding, like you've seen me do many,
944 |943 |01:18:50 ~-~-> 01:18:56 |many times, we're at that halfway point of that dealing range. That means you
945 |944 |01:18:56 ~-~-> 01:19:01 |have to do all of your business at that price range here or less, you're going
946 |945 |01:19:01 ~-~-> 01:19:05 |to be pyramiding. Otherwise, if you start adding up in here or above it,
947 |946 |01:19:05 ~-~-> 01:19:11 |you're really just tossing good money after potentially, you might see a
948 |947 |01:19:11 ~-~-> 01:19:15 |retracement, even though it's low resistance liquidity runs, meaning that
949 |948 |01:19:15 ~-~-> 01:19:20 |we're not getting a whole lot of deep retracements. What's a characteristic of
950 |949 |01:19:21 ~-~-> 01:19:22 |low resistance, liquidity
951 |950 |01:19:22 ~-~-> 01:19:22 |runs.
952 |951 |01:19:23 ~-~-> 01:19:29 |Do you remember? Do you remember what it is down closed candles will support
953 |952 |01:19:29 ~-~-> 01:19:36 |price higher, and inefficiencies will leave a portion open. Is that hard to
954 |953 |01:19:36 ~-~-> 01:19:40 |remember? I've already said it before, but you probably forgot. But now this is
955 |954 |01:19:40 ~-~-> 01:19:45 |behind when you write down your journal every day, when you first start your
956 |955 |01:19:45 ~-~-> 01:19:49 |day, have that written down in front of you on your notepad. High resistance
957 |956 |01:19:49 ~-~-> 01:19:54 |liquidity runs are going to see a lot of give and take back and forth, and every
958 |957 |01:19:54 ~-~-> 01:19:59 |fair value gap will be closed in remember, if it's spending a lot of
959 |958 |01:19:59 ~-~-> 01:20:06 |time. Time and the inefficiencies. What is it doing? It's telling you what we're
960 |959 |01:20:06 ~-~-> 01:20:09 |inside of, high resistance. That means it's going to be problematic for you.
961 |960 |01:20:09 ~-~-> 01:20:12 |You're not going to be comfortable in it. It's going to be back and forth,
962 |961 |01:20:12 ~-~-> 01:20:17 |price action. Don't run your stop loss up real quick to break even, just let it
963 |962 |01:20:17 ~-~-> 01:20:24 |move or don't trade. It's that's the characteristics with it. So in here we
964 |963 |01:20:24 ~-~-> 01:20:29 |are in close proximity to equilibrium from the dealing range high, dealing
965 |964 |01:20:29 ~-~-> 01:20:34 |range low, we've already accumulated down here, rallied up, equilibrium,
966 |965 |01:20:34 ~-~-> 01:20:38 |retracement and then displacement here. So we are seeing this fair value gap,
967 |966 |01:20:38 ~-~-> 01:20:43 |dead in the middle, consequent encroachment. We can now take that also
968 |967 |01:20:43 ~-~-> 01:20:49 |so because it's laying inside of equilibrium, and half of that gap is
969 |968 |01:20:49 ~-~-> 01:20:52 |basically overlapping that blue line, which is equilibrium of the dealing
970 |969 |01:20:52 ~-~-> 01:21:00 |range when you're bullish, how could you use that now you can try to put a limit
971 |970 |01:21:00 ~-~-> 01:21:03 |order to buy right at the midpoint, trusting that it's going to leave the
972 |971 |01:21:03 ~-~-> 01:21:09 |lower portion open. Notice how it left this down here open. What is that? It's
973 |972 |01:21:10 ~-~-> 01:21:15 |a breakaway cap. This is a tradable, fair value gap, but because the
974 |973 |01:21:15 ~-~-> 01:21:23 |consequent encroachment of this gap, which is this, watch, that's this line
975 |974 |01:21:23 ~-~-> 01:21:27 |right here. Okay, it's overlapping with the equilibrium price point, or middle
976 |975 |01:21:27 ~-~-> 01:21:34 |of the high to that low. So it's a convergence of two factors of
977 |976 |01:21:35 ~-~-> 01:21:40 |equilibrium or midpoint. So this is where a institutional order flow entry
978 |977 |01:21:40 ~-~-> 01:21:45 |drill would be optimal, because you would expect what, only a partial entry
979 |978 |01:21:45 ~-~-> 01:21:50 |into that that blue shaded area or fair value got, trust me, my charter members
980 |979 |01:21:50 ~-~-> 01:21:53 |are flipping out right now because they were never taught this. You're learning
981 |980 |01:21:53 ~-~-> 01:22:00 |it with them. So this is institutional water flow entry drill, and just because
982 |981 |01:22:00 ~-~-> 01:22:05 |my watermark is not on this video. If you upload on your channel to try to
983 |982 |01:22:05 ~-~-> 01:22:08 |make ad revenue of it, I'm going to yank it down and put a copy strike against
984 |983 |01:22:08 ~-~-> 01:22:11 |it. And if it's a challenge, you're already making ad revenue off of it's
985 |984 |01:22:11 ~-~-> 01:22:14 |going to hurt you to don't do that. You don't have enough permission. So this is
986 |985 |01:22:14 ~-~-> 01:22:21 |institutional order flow entry jail. Or you can use the upper quadrant of this
987 |986 |01:22:21 ~-~-> 01:22:22 |range, and that would be done like this.
988 |987 |01:22:33 ~-~-> 01:22:38 |And you would use that price plus one tick, that that 462 and three quarters
989 |988 |01:22:39 ~-~-> 01:22:43 |plus one tick, and that would be your entry that would that would basically
990 |989 |01:22:43 ~-~-> 01:22:47 |give you a very specific, not a zone entry, very specific price level. That
991 |990 |01:22:47 ~-~-> 01:22:53 |would constitute an institutional order for entry drill. Institutional oriental
992 |991 |01:22:53 ~-~-> 01:22:56 |entry drill is a entry model where you're expecting a fair value gap to be
993 |992 |01:22:56 ~-~-> 01:23:04 |traded into, but not fully clothed in and because you're expecting low
994 |993 |01:23:04 ~-~-> 01:23:07 |resistance liquidity run conditions today, because of all the things I
995 |994 |01:23:07 ~-~-> 01:23:11 |talked about in the first quarter of the or first half of this lecture today, all
996 |995 |01:23:11 ~-~-> 01:23:14 |those things building and coalescing with the idea that it's going to be a
997 |996 |01:23:14 ~-~-> 01:23:17 |large range day. It's going to be explosive at the opening any opening
998 |997 |01:23:17 ~-~-> 01:23:21 |range gap should not be expected to be traded to even though there's a 70%
999 |998 |01:23:21 ~-~-> 01:23:25 |likelihood that half the gap should be repriced to in the first 30 minutes,
1000 |999 |01:23:25 ~-~-> 01:23:28 |throw that to the sidelines and expect them to just really make a mad dash to
1001 |1000 |01:23:28 ~-~-> 01:23:33 |get to the liquidity that we've outlined. So low resistance liquidity
1002 |1001 |01:23:33 ~-~-> 01:23:38 |run entries in here. Low resistant liquidity run entries here. And then
1003 |1002 |01:23:38 ~-~-> 01:23:45 |this is a gap that is what below the upper quadrant, and this is where I
1004 |1003 |01:23:45 ~-~-> 01:23:50 |would use to see if I'm on side. Now you can take that and enter right. There's
1005 |1004 |01:23:50 ~-~-> 01:23:55 |nothing saying that you can't use that as a model. I'm not saying that I'm I'd
1006 |1005 |01:23:55 ~-~-> 01:23:59 |be comfortable doing that. I could do it, but because I have to have
1007 |1006 |01:23:59 ~-~-> 01:24:03 |principles and protocols and procedures to follow, because otherwise I'm left to
1008 |1007 |01:24:03 ~-~-> 01:24:08 |my flesh, and my flesh will do like it did yesterday, and put me in things that
1009 |1008 |01:24:08 ~-~-> 01:24:12 |I shouldn't be doing. So when I try to fancy dance and finesse my own stuff and
1010 |1009 |01:24:12 ~-~-> 01:24:17 |try to, you know, let my own experience dictate what I should do versus the
1011 |1010 |01:24:17 ~-~-> 01:24:21 |process, the protocol, the model, the rules, stay on the right side of the
1012 |1011 |01:24:21 ~-~-> 01:24:25 |road. Don't cross the yellow line. Michael, well, if you're listening to
1013 |1012 |01:24:25 ~-~-> 01:24:30 |me, you're trading ends on the entries here, or less, anything above it, you're
1014 |1013 |01:24:30 ~-~-> 01:24:36 |just using it for management purposes. So when this fair value gap forms, this
1015 |1014 |01:24:36 ~-~-> 01:24:41 |is a valid fair value gap, but it should not fully close in why? Because we're in
1016 |1015 |01:24:41 ~-~-> 01:24:46 |low resistance liquidity run conditions. We're in a early session of a potential,
1017 |1016 |01:24:46 ~-~-> 01:24:51 |large range day that's bullish, and we're at the quadrant, upper quadrant,
1018 |1017 |01:24:51 ~-~-> 01:24:56 |and less see that. So what does that create in here? This candle sticks low.
1019 |1018 |01:24:56 ~-~-> 01:24:59 |That's an institutional or flow entry drill. That's an institutional or flow
1020 |1019 |01:24:59 ~-~-> 01:25:03 |entry drill. That's an institutional order for entry drill, leaving what
1021 |1020 |01:25:04 ~-~-> 01:25:09 |portion of the range open that is telling you continuous feedback that
1022 |1021 |01:25:09 ~-~-> 01:25:14 |yes, down close, candles, consecutively. That's an order block draw that out in
1023 |1022 |01:25:14 ~-~-> 01:25:21 |time. Hits it does it support price? Yes, in and of it by itself, nope. Half
1024 |1023 |01:25:21 ~-~-> 01:25:27 |of this gap at equilibrium and an order block, this portion should stay open. It
1025 |1024 |01:25:27 ~-~-> 01:25:32 |should not trade back down to this one, because that's a breakaway gap. All
1026 |1025 |01:25:32 ~-~-> 01:25:36 |those things are signatures and characteristic of low resistance,
1027 |1026 |01:25:36 ~-~-> 01:25:40 |liquidity run folks. There's nobody else that's taught that stuff, and that's the
1028 |1027 |01:25:40 ~-~-> 01:25:46 |stuff that I didn't know, that I needed to know, because when I trade in these
1029 |1028 |01:25:46 ~-~-> 01:25:51 |environments, it's flawless. That's why, when you watch my execution, you're
1030 |1029 |01:25:51 ~-~-> 01:25:55 |like, What in the hell? And you see my stop losses, and they're ultra, ultra
1031 |1030 |01:25:55 ~-~-> 01:25:58 |tight, and I'm sitting comfy, and they're getting real close to it. I'm
1032 |1031 |01:25:58 ~-~-> 01:26:02 |not worried about it. I'll add right there. I just shared it with the other
1033 |1032 |01:26:02 ~-~-> 01:26:05 |day. I added right into it when it was getting close to my stop loss more,
1034 |1033 |01:26:05 ~-~-> 01:26:10 |because I know your jaws would hit the floor and then all the comments that
1035 |1034 |01:26:10 ~-~-> 01:26:14 |came behind that trade well in the hell yeah, because I'm using what I'm showing
1036 |1035 |01:26:14 ~-~-> 01:26:20 |you right here. When you enter in here, your stop loss can be just below this
1037 |1036 |01:26:20 ~-~-> 01:26:23 |candle sticks high because it's not going to go down the lower bottom that
1038 |1037 |01:26:23 ~-~-> 01:26:28 |that fair Vega, because we're in low resistance liquidity runs. The algorithm
1039 |1038 |01:26:28 ~-~-> 01:26:32 |is controlling this. So if you know what the mechanism is going to be when it is
1040 |1039 |01:26:32 ~-~-> 01:26:38 |seeing these things based on defining your your dealing range, knowing what
1041 |1040 |01:26:38 ~-~-> 01:26:42 |equilibrium is, if you're bullish, you're buying at it, below it, in every
1042 |1041 |01:26:42 ~-~-> 01:26:48 |fair value gap, or in this case, order block, isn't this an order block down,
1043 |1042 |01:26:48 ~-~-> 01:26:51 |close candle, down, close candle, two consecutive down, closed candles. That's
1044 |1043 |01:26:51 ~-~-> 01:26:57 |all one range. It's doing what it's delivering, price, lower, does that
1045 |1044 |01:26:57 ~-~-> 01:27:00 |down? Close candle, support price going higher when it comes back down to it
1046 |1045 |01:27:00 ~-~-> 01:27:11 |here, yes. Then price goes where higher, down close candles here, 123, and then
1047 |1046 |01:27:11 ~-~-> 01:27:15 |it creates that final institutional or financial entry drill, like it did here,
1048 |1047 |01:27:15 ~-~-> 01:27:21 |in this range here, going right below the high of the fair value gap. Same
1049 |1048 |01:27:21 ~-~-> 01:27:24 |thing here, this candle sticks low. That's the high of this blue shaded
1050 |1049 |01:27:24 ~-~-> 01:27:30 |area, or fair value gap. So it's trading back down into that. But isn't that also
1051 |1050 |01:27:33 ~-~-> 01:27:44 |reaching into the order box, supporting price right when we're seeing price
1052 |1051 |01:27:44 ~-~-> 01:27:49 |trade down into it, this candlestick here isn't that an order block. And then
1053 |1052 |01:27:49 ~-~-> 01:27:54 |the down closed candle, when price is moving higher inside that candlesticks
1054 |1053 |01:27:54 ~-~-> 01:27:57 |range, it's trading down into it. And it's rare that it does this, but
1055 |1054 |01:27:57 ~-~-> 01:28:01 |sometimes it will. It'll trade to the low the candlesticks. I don't like that.
1056 |1055 |01:28:01 ~-~-> 01:28:06 |I would never enter on a trade like that. I want to see half of a bullish
1057 |1056 |01:28:06 ~-~-> 01:28:11 |order block the mean threshold or higher to a tie. I want to see price use that,
1058 |1057 |01:28:11 ~-~-> 01:28:19 |that that portion of it to trade down into and then repel price away. When
1059 |1058 |01:28:19 ~-~-> 01:28:22 |you're looking for dojis or tails beneath the candlestick, like we're
1060 |1059 |01:28:22 ~-~-> 01:28:27 |saying here and here, those are forming inside order blocks or inside fair value
1061 |1060 |01:28:27 ~-~-> 01:28:31 |gaps. When the order flow is bullish, you can anticipate these things forming.
1062 |1061 |01:28:33 ~-~-> 01:28:37 |That's why, when you look at my entries, I'm always entering on the very lowest
1063 |1062 |01:28:37 ~-~-> 01:28:42 |candle, or the one candle before, or the one candle after, the lowest candle.
1064 |1063 |01:28:42 ~-~-> 01:28:46 |When I'm bullish, don't take my word for it. Go back and look at every example
1065 |1064 |01:28:46 ~-~-> 01:28:52 |I've showed when I'm executing with live data, no Market Replay. I'm using what
1066 |1065 |01:28:52 ~-~-> 01:28:56 |I'm teaching you right here, now on the market. Then leaves this range and
1067 |1066 |01:28:56 ~-~-> 01:29:01 |breaks above the dealing range here. And then we're going into what we're going
1068 |1067 |01:29:01 ~-~-> 01:29:05 |into that nine o'clock hour, and we trade up into new week, opening gap
1069 |1068 |01:29:06 ~-~-> 01:29:18 |here. I said something that would have been too crude, not in the sense that
1070 |1069 |01:29:18 ~-~-> 01:29:22 |would have been vulgar, but I was always mentioned someone's name, but they're
1071 |1070 |01:29:22 ~-~-> 01:29:27 |probably watching, and they know I mentioned this price level, 20,004 95 I
1072 |1071 |01:29:27 ~-~-> 01:29:32 |mentioned that yesterday, that was my target, and it hit there. I prompted
1073 |1072 |01:29:32 ~-~-> 01:29:37 |them when it when it hit too, by the way, we traded up to just short of
1074 |1073 |01:29:38 ~-~-> 01:29:41 |consequent creation of new week opening gap. Now this is current new week
1075 |1074 |01:29:41 ~-~-> 01:29:45 |opening gap. Notice I don't have 1000 different new week opening gaps. I don't
1076 |1075 |01:29:45 ~-~-> 01:29:49 |have every new day opening gap on my chart. Some of you are leaving comments
1077 |1076 |01:29:49 ~-~-> 01:29:53 |saying that I am so confused I have all these lines in my chart because you're
1078 |1077 |01:29:53 ~-~-> 01:30:00 |trying to put everything that's in the kitchen sink in front of you. You. I
1079 |1078 |01:30:00 ~-~-> 01:30:08 |don't do that. All you need, sincerely, all you need is a draw on liquidity that
1080 |1079 |01:30:08 ~-~-> 01:30:12 |might be a session high. That means, like a morning session or a morning, I'm
1081 |1080 |01:30:12 ~-~-> 01:30:19 |sorry, a pm session from the previous day, a London session, high or low, an
1082 |1081 |01:30:19 ~-~-> 01:30:23 |Asian session, high or low, wherever you think the market's going to gravitate to
1083 |1082 |01:30:23 ~-~-> 01:30:29 |for the purposes of of tapping in and engaging liquidity. Where is it smooth?
1084 |1083 |01:30:29 ~-~-> 01:30:33 |Where is there a single high? Because it doesn't, it isn't always relative equal
1085 |1084 |01:30:33 ~-~-> 01:30:36 |highs and relative equal lows. That's just the easy things that a new student
1086 |1085 |01:30:36 ~-~-> 01:30:41 |I've learned that it's, it's very easy for them to spot that, just like a fair
1087 |1086 |01:30:41 ~-~-> 01:30:45 |value gap, you can you can see there's gaps, but you just don't know. Now, you
1088 |1087 |01:30:45 ~-~-> 01:30:50 |know how I formulate an idea around the Fairbank gap that I want to trade on.
1089 |1088 |01:30:51 ~-~-> 01:30:55 |Just because it's a gap doesn't mean that's the one I'm trading. And that's
1090 |1089 |01:30:55 ~-~-> 01:30:57 |why these Yahoos out there will say, oh, there's it's running through the
1091 |1090 |01:30:57 ~-~-> 01:31:00 |Fairbank because you're a fucking idiot. You don't know what you're talking about
1092 |1091 |01:31:00 ~-~-> 01:31:03 |you're listening to other people. They've ripped me off and they ended
1093 |1092 |01:31:03 ~-~-> 01:31:09 |running mentorships, teaching people for pay monthly fees when they don't let
1094 |1093 |01:31:09 ~-~-> 01:31:11 |themselves know what the hell they're doing. They have no idea what they're
1095 |1094 |01:31:11 ~-~-> 01:31:15 |doing. But watch and see how this all finds its way into their mentorships.
1096 |1095 |01:31:15 ~-~-> 01:31:20 |Now watch and see, and you still don't have the half of it. That's what the
1097 |1096 |01:31:20 ~-~-> 01:31:25 |books are for. Twist the nice ICT. Twist it ever so slowly. So here is the
1098 |1097 |01:31:25 ~-~-> 01:31:28 |consequent encroachment of the new week opening gap. Now again, the new week
1099 |1098 |01:31:28 ~-~-> 01:31:35 |opening gap is the difference between 4/59 closing price on Friday Eastern
1100 |1099 |01:31:35 ~-~-> 01:31:41 |Standard Time to 6pm Sunday, Eastern times opening price, and then the
1101 |1100 |01:31:41 ~-~-> 01:31:46 |difference between those two price points. The halfway point is this little
1102 |1101 |01:31:46 ~-~-> 01:31:49 |dotted line right here, which is consequent encroachment. So we see it
1103 |1102 |01:31:49 ~-~-> 01:31:53 |fail to get to it initially here, and then it drops down outside of the new
1104 |1103 |01:31:53 ~-~-> 01:31:56 |week opening gap. Does that mean it's going to lower? No. Then the market
1105 |1104 |01:31:56 ~-~-> 01:31:59 |rallies back up and trades to the high the new week opening gap. And then now,
1106 |1105 |01:31:59 ~-~-> 01:32:02 |what do you want? What do you what do you want to see happen? Well, remember,
1107 |1106 |01:32:02 ~-~-> 01:32:06 |we have all that liquidity up in the six hundreds. We still have some range to
1108 |1107 |01:32:06 ~-~-> 01:32:12 |go. Look, we're in the 400 still, the market drops back down to some random
1109 |1108 |01:32:13 ~-~-> 01:32:22 |level, some absolutely random level, some random stops dead in its tracks and
1110 |1109 |01:32:23 ~-~-> 01:32:31 |starts delivering price higher. And then, ahead of 930 they run against
1111 |1110 |01:32:31 ~-~-> 01:32:32 |those individuals that are on side.
1112 |1111 |01:32:34 ~-~-> 01:32:39 |And all this movement here even the model 2022 guys, ICT stuff. Oh, this is
1113 |1112 |01:32:39 ~-~-> 01:32:44 |a classic ICT model 22 we have a shift in market structure. There's a fair
1114 |1113 |01:32:44 ~-~-> 01:32:47 |value gap right there. It trades all the way back up to a premium. And then it's
1115 |1114 |01:32:47 ~-~-> 01:32:50 |also optimal trade entry. And look at this. It's selling. Oh yeah, look at
1116 |1115 |01:32:50 ~-~-> 01:32:54 |that, beautiful if you didn't take a partial, your ass is handed to you. It's
1117 |1116 |01:32:54 ~-~-> 01:32:59 |just being delivered back to what price level. Consequent encouragement,
1118 |1117 |01:33:00 ~-~-> 01:33:06 |consequent encouragement, consequent encroachment. And then at 930 all hell
1119 |1118 |01:33:06 ~-~-> 01:33:16 |breaks loose. Boom, manual intervention, yes, because the hand says we're not
1120 |1119 |01:33:16 ~-~-> 01:33:23 |letting those buy stops off the hook, rip and run. You see this delivery
1121 |1120 |01:33:24 ~-~-> 01:33:27 |stopping dead in its tracks on here? If you never would have been taught the new
1122 |1121 |01:33:27 ~-~-> 01:33:34 |week opening gap, settle down. I didn't invent a gap opening on Sunday. I didn't
1123 |1122 |01:33:34 ~-~-> 01:33:41 |invent that. I codified the concept of using that gap. We're on fucking Friday,
1124 |1123 |01:33:41 ~-~-> 01:33:46 |folks. That was on Sunday. It's been trading around, up, down, through and
1125 |1124 |01:33:46 ~-~-> 01:33:52 |all that stuff. But the time it's using those levels with the narrative that
1126 |1125 |01:33:52 ~-~-> 01:33:55 |it's likely to go higher, because the bias is bullish, because it's an
1127 |1126 |01:33:55 ~-~-> 01:33:59 |election year, and we're not trying to pick the top in a primary bull market,
1128 |1127 |01:33:59 ~-~-> 01:34:04 |when you have these things come together. You have Blue Ribbon results.
1129 |1128 |01:34:04 ~-~-> 01:34:09 |You have two good to be true type results. That's what I'm showing you
1130 |1129 |01:34:09 ~-~-> 01:34:13 |examples on I show you examples when I know everything that I teach you is in
1131 |1130 |01:34:13 ~-~-> 01:34:18 |my favor, if I try to trade every fair value gap just because there's three
1132 |1131 |01:34:18 ~-~-> 01:34:22 |candles in the chart, and one of them single passes through between the two,
1133 |1132 |01:34:22 ~-~-> 01:34:26 |and I use that as the entry model for going long or short without a bias,
1134 |1133 |01:34:26 ~-~-> 01:34:29 |without the right time of day. If I'm doing ahead of an economic calendar
1135 |1134 |01:34:29 ~-~-> 01:34:32 |event, that's going to probably be used as a smoke screen to move price around.
1136 |1135 |01:34:32 ~-~-> 01:34:36 |Am I going to be successful with that? No, I'm not going to be successful with
1137 |1136 |01:34:36 ~-~-> 01:34:40 |that. No way. Nobody would. But because you're a goober and you're trying to
1138 |1137 |01:34:40 ~-~-> 01:34:42 |learn how in five minutes, and you're listening to other people that know
1139 |1138 |01:34:42 ~-~-> 01:34:45 |people that know what the fuck they're talking about. Either you come here with
1140 |1139 |01:34:45 ~-~-> 01:34:48 |the preconceived notion that it should be perfect and it should be taught to
1141 |1140 |01:34:48 ~-~-> 01:34:51 |you in one fell swoop, sweep in a five minute trainer, and there it is. And
1142 |1141 |01:34:51 ~-~-> 01:34:56 |there's too many facets to the markets. They're too complex for you to have a
1143 |1142 |01:34:56 ~-~-> 01:35:00 |one rule set based model where this is all you need to. Worry about that's not
1144 |1143 |01:35:00 ~-~-> 01:35:05 |that's not realistic, folks, you have to have a draw on liquidity. You define
1145 |1144 |01:35:05 ~-~-> 01:35:10 |that by liquidity above or below session highs and session lows. That means
1146 |1145 |01:35:10 ~-~-> 01:35:15 |Asian. Session PM, session in New York, am session in New York, the lunch hour
1147 |1146 |01:35:15 ~-~-> 01:35:20 |in New York, that's 1130 to the 130 with the highest high and the lowest low.
1148 |1147 |01:35:20 ~-~-> 01:35:23 |Between those two reference points, that's what the launch macro is going to
1149 |1148 |01:35:23 ~-~-> 01:35:30 |identify and attack. Then you have the free market between seven o'clock and
1150 |1149 |01:35:30 ~-~-> 01:35:34 |nine o'clock. What's the session? High and low of that? Then you have the
1151 |1150 |01:35:34 ~-~-> 01:35:38 |london session. Then you have Asian session. How many opportunities is that
1152 |1151 |01:35:38 ~-~-> 01:35:45 |all in and of itself, just for drawing liquidity, that's a lot. You're never
1153 |1152 |01:35:45 ~-~-> 01:35:49 |running short on opportunities, but the opportunities to reach that liquidity,
1154 |1153 |01:35:50 ~-~-> 01:35:53 |does it really match with what the economic counter is affording you? Does
1155 |1154 |01:35:53 ~-~-> 01:35:58 |it give you? Let's look at the time I'm I'm going over Arna, good thing. I'm not
1156 |1155 |01:35:59 ~-~-> 01:36:02 |getting paid hourly, huh? The boss would be pissed off. You're working too much
1157 |1156 |01:36:02 ~-~-> 01:36:06 |every time. ICT go back to behind your ass a pig slip get the up on out of
1158 |1157 |01:36:06 ~-~-> 01:36:10 |here. We'll find somebody cheaper. You ain't going to find nobody better, baby.
1159 |1158 |01:36:10 ~-~-> 01:36:19 |So the rundown into consequence, ripping higher is all part of this larger range
1160 |1159 |01:36:19 ~-~-> 01:36:23 |delivery that has been encapsulated around Thursday, create an Inside Day.
1161 |1160 |01:36:23 ~-~-> 01:36:27 |So it's a compression. And then we know there's a large range expansion on
1162 |1161 |01:36:27 ~-~-> 01:36:32 |Friday, likely to happen, and you want to be pre market entry, and then let it
1163 |1162 |01:36:32 ~-~-> 01:36:36 |go, and then it trades up into the pools of liquidity that we were looking for
1164 |1163 |01:36:37 ~-~-> 01:36:41 |here, gy rated around, came back down into pool liquidity. Here relatively
1165 |1164 |01:36:41 ~-~-> 01:36:46 |cool lows. You see that trades lower, lower, rips, makes it higher, high, and
1166 |1165 |01:36:46 ~-~-> 01:36:51 |then we just consolidating around that, and then we had this shit messing up. I
1167 |1166 |01:36:51 ~-~-> 01:36:56 |thought that was a big drop when I had my draw depiction of a daily range. Did
1168 |1167 |01:36:56 ~-~-> 01:36:59 |you think that dropped on your on your chart? Did you quickly look where the
1169 |1168 |01:36:59 ~-~-> 01:37:04 |hell that come from? Thought you missed something too. I'm looking at a laptop
1170 |1169 |01:37:04 ~-~-> 01:37:07 |so I don't have all my other charts. And trying to be a little bit look how it's
1171 |1170 |01:37:07 ~-~-> 01:37:10 |just meandering around. That's what I'm saying. This earlier in the beginning of
1172 |1171 |01:37:10 ~-~-> 01:37:14 |the session, when we were trading up here, I said you would be done. If
1173 |1172 |01:37:14 ~-~-> 01:37:18 |you're a morning session trader, if you're a day trader, you'd be done. If
1174 |1173 |01:37:18 ~-~-> 01:37:22 |you're a position trader, a swing trader, you'd have 80% of your position
1175 |1174 |01:37:22 ~-~-> 01:37:25 |off, and then see if it wants to continue going into the afternoon
1176 |1175 |01:37:25 ~-~-> 01:37:31 |session. It may or may not, but at this point, if you haven't banked 80% of your
1177 |1176 |01:37:31 ~-~-> 01:37:39 |run, well that you know you're you're doing it wrong. Okay? Um,
1178 |1177 |01:37:55 ~-~-> 01:38:05 |and that's how you use i a pre market session when you're anticipating a large
1179 |1178 |01:38:05 ~-~-> 01:38:11 |range day. How do you anticipate a large range day? By looking at the last three
1180 |1179 |01:38:11 ~-~-> 01:38:15 |trading days, getting the average of the last three trading days, and if you are
1181 |1180 |01:38:16 ~-~-> 01:38:21 |closing today less than that average daily range, that means that you are in
1182 |1181 |01:38:21 ~-~-> 01:38:25 |a small range day that's mathematically defining something that is very simple.
1183 |1182 |01:38:26 ~-~-> 01:38:31 |Now it's extremely sensitive. So I don't mind that, because I have a little bit
1184 |1183 |01:38:31 ~-~-> 01:38:35 |better perception on where the market's going to go. And like bias, I know what
1185 |1184 |01:38:35 ~-~-> 01:38:39 |I'm looking for each day I'm trying to go in here and look for it. But if you
1186 |1185 |01:38:39 ~-~-> 01:38:44 |want to break it down to five days average daily range. And if you start
1187 |1186 |01:38:44 ~-~-> 01:38:50 |creating daily ranges that are less than the last five days, you are in close
1188 |1187 |01:38:50 ~-~-> 01:38:55 |proximity to a large range expansion day. And large range expansion days are
1189 |1188 |01:38:55 ~-~-> 01:39:01 |90% high resistance. I'm sorry. I'm sorry I said it wrong. 90% low
1190 |1189 |01:39:01 ~-~-> 01:39:08 |resistance. Liquidity run so a small range, or that is that it's not a big
1191 |1190 |01:39:08 ~-~-> 01:39:12 |explosive, large range day on the daily can stick. If it's not a large day, then
1192 |1191 |01:39:12 ~-~-> 01:39:16 |you're probably going to be met with high resistance. Liquidity runs, not all
1193 |1192 |01:39:16 ~-~-> 01:39:23 |the time, but 90% of the time. Large Range Days are low resistance. That
1194 |1193 |01:39:23 ~-~-> 01:39:26 |means there's very little give back. And you can see it here. It's just like, off
1195 |1194 |01:39:26 ~-~-> 01:39:29 |to the races. It goes. And it's just like, go, go, go, go, go. Another
1196 |1195 |01:39:31 ~-~-> 01:39:34 |characteristic, when you're trying to trade in low resistance liquidity runs,
1197 |1196 |01:39:34 ~-~-> 01:39:41 |don't be in such a rush to take partials off. Manage those days by your stop
1198 |1197 |01:39:41 ~-~-> 01:39:46 |loss, don't be in a hurry to just pay yourself, because you're going to be
1199 |1198 |01:39:46 ~-~-> 01:39:49 |like a deer in headlights. You're gonna be scared because it's gonna be running
1200 |1199 |01:39:49 ~-~-> 01:39:53 |in your favor so fast. It's scary if you've never made big money, if you've
1201 |1200 |01:39:53 ~-~-> 01:39:56 |never been on a trade which we're just ripping and taking off and moving
1202 |1201 |01:39:56 ~-~-> 01:39:59 |hundreds, not 10 handles, not 20 handles, not 30, not 50, hundreds.
1203 |1202 |01:40:00 ~-~-> 01:40:06 |Handles, and in very short time, it's going to be very intimidating for you.
1204 |1203 |01:40:06 ~-~-> 01:40:09 |So if you know that you're in low resistance liquidity, run days, move
1205 |1204 |01:40:09 ~-~-> 01:40:12 |your stop to a reasonable level where you can just take a break and walk away
1206 |1205 |01:40:12 ~-~-> 01:40:17 |from it. Have your limit orders in. If it hits your target, you're done. But
1207 |1206 |01:40:17 ~-~-> 01:40:22 |walk away from it. Go do something. Take a walk, go work out for 2030, minutes,
1208 |1207 |01:40:22 ~-~-> 01:40:26 |and then come back, and you'll be rewarded for having been in it a little
1209 |1208 |01:40:26 ~-~-> 01:40:30 |bit longer, and you won't be watching on a on, this case, a 15 second chart.
1210 |1209 |01:40:30 ~-~-> 01:40:33 |Every little fluctuation of minor movement, it's going to scare you out of
1211 |1210 |01:40:33 ~-~-> 01:40:37 |the trade. It's going to make you feel like you know every little possible
1212 |1211 |01:40:37 ~-~-> 01:40:40 |retracement is the top of the marketplace, and without having an idea
1213 |1212 |01:40:40 ~-~-> 01:40:44 |where the market's gravitating to by having that that reference point. So
1214 |1213 |01:40:44 ~-~-> 01:40:50 |there's liquidity. Remember, on the 15 minute time frame, that's these highs
1215 |1214 |01:40:50 ~-~-> 01:41:03 |here, that's smooth, right here, high, lower, high, lower, high. This is a
1216 |1215 |01:41:03 ~-~-> 01:41:07 |prime candidate for run on liquidity, and you've been trained to look for that
1217 |1216 |01:41:07 ~-~-> 01:41:13 |in price action and look how this quickly ran right to it. That's not
1218 |1217 |01:41:13 ~-~-> 01:41:18 |random, but that speed, that element of speed, is because of the day of the week
1219 |1218 |01:41:18 ~-~-> 01:41:25 |phenomenon. They don't have a whole lot of time. They only have today until 5pm
1220 |1219 |01:41:25 ~-~-> 01:41:28 |Eastern Time. Are they going to wait until the afternoon to get to there? No,
1221 |1220 |01:41:28 ~-~-> 01:41:32 |they want to be done. They don't want people to sit there and think, oh, maybe
1222 |1221 |01:41:32 ~-~-> 01:41:34 |I should square my position going in the weekend, because there might be
1223 |1222 |01:41:34 ~-~-> 01:41:38 |something that happens in the Middle East and I wake up to gap risk on
1224 |1223 |01:41:38 ~-~-> 01:41:43 |Sunday. They don't want that, so they intervene manually, and boom, you get
1225 |1224 |01:41:43 ~-~-> 01:41:49 |that doesn't this look like FOMC. Look how fast that ran, like that. That's not
1226 |1225 |01:41:49 ~-~-> 01:41:57 |algorithmic. That's intervention. That's what that is. Okay? So there's a lot of
1227 |1226 |01:41:57 ~-~-> 01:42:00 |things that you have to learn before you start going out there and trying to make
1228 |1227 |01:42:00 ~-~-> 01:42:03 |money. There's a lot of things you have to learn that's going to prevent you
1229 |1228 |01:42:03 ~-~-> 01:42:08 |from making said money. And as a teacher, as an educator that has real
1230 |1229 |01:42:08 ~-~-> 01:42:13 |world experience, I've made money and I've lost money, and I'm telling you,
1231 |1230 |01:42:13 ~-~-> 01:42:20 |losing money sucks. It sucks. And I have learned lessons that no other author, no
1232 |1231 |01:42:20 ~-~-> 01:42:24 |other teacher, educator and I bought 1000s and 1000s and 1000s of shit, and
1233 |1232 |01:42:24 ~-~-> 01:42:29 |none of them ever scratched the itch. They never gave me the things then the
1234 |1233 |01:42:29 ~-~-> 01:42:34 |tools and the mindset to say, Okay, I know how to buy into a bullish market.
1235 |1234 |01:42:34 ~-~-> 01:42:37 |You all know how to do that. You know how to shorten in a bearish market. You
1236 |1235 |01:42:37 ~-~-> 01:42:41 |know how to do that. But how do you manage your stop loss appropriately.
1237 |1236 |01:42:42 ~-~-> 01:42:46 |Nobody fucking writes books on that. Nobody knows how to do that. They just
1238 |1237 |01:42:46 ~-~-> 01:42:49 |say, okay, trail below the next swing high when you're bearish. I'm sorry,
1239 |1238 |01:42:50 ~-~-> 01:42:56 |scale your risk and reduce it by moving your stop loss to the lower swing high
1240 |1239 |01:42:56 ~-~-> 01:43:00 |when you're bearish, and keep trailing it down. If you do that in high
1241 |1240 |01:43:00 ~-~-> 01:43:08 |resistance liquidity runs, you're getting stopped out. If you relax and
1242 |1241 |01:43:08 ~-~-> 01:43:13 |don't do that in low resistance liquidity runs, you're not going to get
1243 |1242 |01:43:13 ~-~-> 01:43:16 |stopped out prematurely, because the market's going to be allowed to move
1244 |1243 |01:43:16 ~-~-> 01:43:19 |around a little bit, and it's less likely it's going to move to those
1245 |1244 |01:43:19 ~-~-> 01:43:25 |levels anyway. How many lows Did you see get retraced on in here? 15 minute time
1246 |1245 |01:43:25 ~-~-> 01:43:32 |frame, five minute time frame, one minute time frame, I mean, shit. It
1247 |1246 |01:43:32 ~-~-> 01:43:37 |stopped dead in its tracks. Of consequence, encroachment twice here and
1248 |1247 |01:43:37 ~-~-> 01:43:43 |here. It didn't take sell side. It's not interested in that. It's aiming for what
1249 |1248 |01:43:44 ~-~-> 01:43:49 |these suckers up here, they're pissed off right now. I wish I would have took
1250 |1249 |01:43:49 ~-~-> 01:43:54 |my profits on Wednesday. I wish I would have got out of my shorts on Wednesday.
1251 |1250 |01:43:56 ~-~-> 01:44:02 |Goldman sucks. Is like, what the hell this guy did it again, right? Anyway, I
1252 |1251 |01:44:02 ~-~-> 01:44:07 |would love, honestly, love to talk to you some more, but it's Friday, and now
1253 |1252 |01:44:07 ~-~-> 01:44:10 |my landscapers are here too. So they're, they're competing with me, and they're,
1254 |1253 |01:44:10 ~-~-> 01:44:13 |they're distracting me. And so you get closer and closer to my pool, they're
1255 |1254 |01:44:14 ~-~-> 01:44:17 |going to be louder, and that's going to be in my head as I do it. And I've
1256 |1255 |01:44:17 ~-~-> 01:44:21 |already given you much, much more than I intended to do today. So we're going
1257 |1256 |01:44:21 ~-~-> 01:44:25 |into the weekend. If you have not, if you're in the United States, if you have
1258 |1257 |01:44:25 ~-~-> 01:44:32 |not prepared to vote, go and vote this year. I've never voted before. I've
1259 |1258 |01:44:32 ~-~-> 01:44:35 |never voted before. I'm not going to tell you who to vote for, but you should
1260 |1259 |01:44:35 ~-~-> 01:44:45 |be voting this year. You should do it, if anything, just just participate in
1261 |1260 |01:44:45 ~-~-> 01:44:48 |it, regardless of who you're who you're voting for, I'm never going to tell you
1262 |1261 |01:44:48 ~-~-> 01:44:54 |who to vote for. I can tell you who I'm not voting for, and that would seem like
1263 |1262 |01:44:54 ~-~-> 01:44:59 |influencing you. So I'm not going to do that. But as we closer to this election.
1264 |1263 |01:45:00 ~-~-> 01:45:06 |We're probably going to see a lot of volatility. And if you've never studied
1265 |1264 |01:45:06 ~-~-> 01:45:13 |price action, on election night, that is a wild day in the evening time, it
1266 |1265 |01:45:13 ~-~-> 01:45:18 |creates this really wild spike up and down they clear the board. I think it's
1267 |1266 |01:45:18 ~-~-> 01:45:23 |going to be exaggerated this year, I think it's going to be an exaggeration,
1268 |1267 |01:45:23 ~-~-> 01:45:29 |not just simply on election day. I think it'll go like that for a few days. And
1269 |1268 |01:45:29 ~-~-> 01:45:32 |if they don't have the results, which, if you've been paying attention, they're
1270 |1269 |01:45:32 ~-~-> 01:45:37 |already building a narrative to expect that they won't know for weeks. And if
1271 |1270 |01:45:37 ~-~-> 01:45:44 |you remember back when gore and Bush presidency was done. It took weeks for
1272 |1271 |01:45:44 ~-~-> 01:45:54 |them to come out and finally say that it was given to him. So Bush was identified
1273 |1272 |01:45:54 ~-~-> 01:45:58 |as the winner of that time, and everybody was waiting on bated breath to
1274 |1273 |01:45:58 ~-~-> 01:46:02 |figure out who was the winner of the presidency, there's a whole lot to
1275 |1274 |01:46:02 ~-~-> 01:46:08 |expect in terms of tomfoolery, a lot of emotional response to who may or may not
1276 |1275 |01:46:08 ~-~-> 01:46:13 |be the winner. We may not know for a while, and that's going to cause a lot
1277 |1276 |01:46:13 ~-~-> 01:46:17 |of contention, a lot of stress, and it's going to cause a lot of perceptions
1278 |1277 |01:46:17 ~-~-> 01:46:23 |about risk to be skewed. So what does that mean? That means we're probably
1279 |1278 |01:46:23 ~-~-> 01:46:28 |going to see a lot of volatility. And my advice to you is what I told my private
1280 |1279 |01:46:28 ~-~-> 01:46:34 |mentorship students, gear down in your leverage. If anybody's telling you,
1281 |1280 |01:46:34 ~-~-> 01:46:40 |trade big right now. They're an absolute fucking moron. Okay, you don't know. I
1282 |1281 |01:46:40 ~-~-> 01:46:45 |don't know. Nobody fucking knows what this what we're going to see in a couple
1283 |1282 |01:46:45 ~-~-> 01:46:50 |weeks, but I know it's going to be a shit storm, and I know that that means
1284 |1283 |01:46:50 ~-~-> 01:46:56 |that risk is going to go through the roof. And instead of trading 15
1285 |1284 |01:46:56 ~-~-> 01:47:08 |contracts, 25 contracts, I'm trading one, just one, because I'm good. I'm
1286 |1285 |01:47:08 ~-~-> 01:47:13 |real fucking good, but I'm no good in a market where they're just going to go in
1287 |1286 |01:47:13 ~-~-> 01:47:18 |there and mop the floor with everybody, and I expect that. I expect them to do
1288 |1287 |01:47:18 ~-~-> 01:47:24 |that. Okay, so there is a perfect stage being presented over the next couple
1289 |1288 |01:47:24 ~-~-> 01:47:27 |weeks where the level of manual intervention is going to be
1290 |1289 |01:47:27 ~-~-> 01:47:34 |astronomical. I hope I'm wrong. I hope I'm wrong, and I hope smooth trading, if
1291 |1290 |01:47:34 ~-~-> 01:47:38 |there's lots of really good, low resistance wood run and less high
1292 |1291 |01:47:38 ~-~-> 01:47:42 |resistant liquidity run conditions, I want that. I do want that, but it would
1293 |1292 |01:47:42 ~-~-> 01:47:48 |be disingenuous of me as a quote, unquote educator and mentor with your
1294 |1293 |01:47:48 ~-~-> 01:47:53 |well being in my mind and aim for me not to remind you that you should dial back
1295 |1294 |01:47:53 ~-~-> 01:47:54 |your risk.
1296 |1295 |01:47:56 ~-~-> 01:48:00 |What happens? Okay? What happens if you make a lot of money and you're over
1297 |1296 |01:48:00 ~-~-> 01:48:03 |leveraged? You're not going to stop there. You're going to take another
1298 |1297 |01:48:03 ~-~-> 01:48:07 |trade, do the same thing, and you may not get the same results, and it may be
1299 |1298 |01:48:07 ~-~-> 01:48:13 |worse, and it may end you. You may may not be able to to to refund or purchase
1300 |1299 |01:48:13 ~-~-> 01:48:16 |new accounts. You may not be able to do that, or you get scared because you've
1301 |1300 |01:48:16 ~-~-> 01:48:23 |done that. Contrast that with listening to the old man, okay, if you just take
1302 |1301 |01:48:23 ~-~-> 01:48:29 |one contract or trade in micros, this is not a once in a lifetime opportunity.
1303 |1302 |01:48:29 ~-~-> 01:48:32 |It's going to seem like that. Everybody's going to sell it like that,
1304 |1303 |01:48:32 ~-~-> 01:48:35 |because they're gambling. When everybody's flying to the Las Vegas and
1305 |1304 |01:48:35 ~-~-> 01:48:39 |they're thinking, I'm going to take this couple $1,000 and it's a once in
1306 |1305 |01:48:39 ~-~-> 01:48:42 |lifetime chance. I feel like I'm lucky this time. I'm going to I'm going to
1307 |1306 |01:48:42 ~-~-> 01:48:46 |make $100,000 I'm going to pick the right slot machine. I'm going to play
1308 |1307 |01:48:46 ~-~-> 01:48:49 |black jock and Black Diamond, and there it is. The robot's going to bless me.
1309 |1308 |01:48:49 ~-~-> 01:48:53 |I'm going to go home with six figures like, I just know it, and you're driving
1310 |1309 |01:48:53 ~-~-> 01:48:56 |home or flying home, busted, disgusted and just pissed off. You never even went
1311 |1310 |01:48:58 ~-~-> 01:49:03 |there. It's easy to sell your ideas to yourself and think, What if it does this
1312 |1311 |01:49:03 ~-~-> 01:49:07 |in my favor? I'm just trying to be a voice of reason, and you can hate me for
1313 |1312 |01:49:07 ~-~-> 01:49:11 |it. I don't care. Laugh at me if it's easy trading. I don't care. You don't
1314 |1313 |01:49:11 ~-~-> 01:49:16 |know it's going to be like that. So risking with big leverage over the next
1315 |1314 |01:49:16 ~-~-> 01:49:20 |couple weeks, I honestly until the end of the year, if you're trading, you
1316 |1315 |01:49:20 ~-~-> 01:49:26 |know, elevated leverage. You're a gambler, and I don't give a who you are,
1317 |1316 |01:49:26 ~-~-> 01:49:29 |where you came from, how much money you made, how long you've been doing it. If
1318 |1317 |01:49:29 ~-~-> 01:49:32 |you're pushing leverage in this environment, you're an absolute
1319 |1318 |01:49:32 ~-~-> 01:49:36 |definition of a fucking loser gambler, and if you make money, I'm not impressed
1320 |1319 |01:49:36 ~-~-> 01:49:40 |by that. I am not impressed by that. There's a lot of people that win the
1321 |1320 |01:49:40 ~-~-> 01:49:44 |lottery. They had no skill. There's a lot of people that went to that casino,
1322 |1321 |01:49:45 ~-~-> 01:49:48 |and there was no skill in them doing that. Now, poker, I'll admit that that
1323 |1322 |01:49:48 ~-~-> 01:49:52 |takes a little bit of skill, but pulling a fucking slot machine down, there's no
1324 |1323 |01:49:52 ~-~-> 01:49:56 |skill, none pushing a button and waiting for things to spin around. There's no
1325 |1324 |01:49:56 ~-~-> 01:50:00 |skill in that. But everybody that comes into the market. Place and they think
1326 |1325 |01:50:00 ~-~-> 01:50:04 |they're just going to over leverage and get these big, big moves and not have
1327 |1326 |01:50:04 ~-~-> 01:50:09 |any hardship coming up in the next couple of weeks. Just listen to me,
1328 |1327 |01:50:09 ~-~-> 01:50:16 |okay, your career is not encapsulated in the next couple weeks, but you can end
1329 |1328 |01:50:16 ~-~-> 01:50:20 |it in the next couple weeks. I'm not saying you'll never make more money to
1330 |1329 |01:50:20 ~-~-> 01:50:24 |put into another account or afford to pay for funding accounts, but you're
1331 |1330 |01:50:24 ~-~-> 01:50:29 |going to end the visibility of what you believe in yourself by wrecking
1332 |1331 |01:50:29 ~-~-> 01:50:34 |yourself, the lasting impressions of damage that's caused by over leveraging
1333 |1332 |01:50:34 ~-~-> 01:50:37 |and conditions that we're about to experience. You can't you can't fully
1334 |1333 |01:50:37 ~-~-> 01:50:42 |appreciate that. I have lots of that stuff from the 90s in me still, and you
1335 |1334 |01:50:42 ~-~-> 01:50:45 |don't have the 30 years experience that I have. So how do you think it's going
1336 |1335 |01:50:45 ~-~-> 01:50:49 |to affect you as a new trader, or a relatively new trader, it's going to be
1337 |1336 |01:50:49 ~-~-> 01:50:53 |much more impactful adversely. It's not going to help you. It's going to make it
1338 |1337 |01:50:53 ~-~-> 01:50:57 |harder for you to execute. You're going to be now thinking about fear, when fear
1339 |1338 |01:50:57 ~-~-> 01:51:01 |shouldn't be any factor in your trading. Respect the risk, but not fear it. So
1340 |1339 |01:51:01 ~-~-> 01:51:06 |have yourself a very pleasant weekend. Be safe and Lord willing, I'll be back
1341 |1340 |01:51:06 ~-~-> 01:51:09 |again on Monday. If you found this insightful, if you if you learn
1342 |1341 |01:51:09 ~-~-> 01:51:12 |something from this, give the live stream a thumbs up. I promise it doesn't
1343 |1342 |01:51:12 ~-~-> 01:51:15 |make me any more money. Just lets me know that you, you receive something
1344 |1343 |01:51:15 ~-~-> 01:51:18 |that helped you, and that's all it really means to me. If or not, it
1345 |1344 |01:51:18 ~-~-> 01:51:22 |doesn't matter, I'm still going to make more videos until I'll talk to you, then
1346 |1345 |01:51:22 ~-~-> 01:51:23 |be safe. You.