Wiki source code of ICT YT - 2025-01-08 - 2025 Lecture Series - SMC Midnight Opening Range
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2 | |1 |00:00:10 ~-~-> 00:00:17 |ICT: Hi folks, welcome back. This is our lecture for January 7, 2025 the topic | ||
3 | |2 |00:00:17 ~-~-> 00:00:23 |tonight is going to deal with the midnight opening range. Okay? And I want | ||
4 | |3 |00:00:23 ~-~-> 00:00:26 |you to know for all of you, dear students of mine, that are Forex | ||
5 | |4 |00:00:26 ~-~-> 00:00:32 |fevered, it's been a long time since I've messed around with Forex, but | ||
6 | |5 |00:00:32 ~-~-> 00:00:36 |usually when people think of forex, I'm probably the first person that comes to | ||
7 | |6 |00:00:36 ~-~-> 00:00:41 |mind, and I've probably introduced more for that industry than anybody else | ||
8 | |7 |00:00:41 ~-~-> 00:00:46 |since its inception. So I know it sounds a little narcissistic and arrogant, but | ||
9 | |8 |00:00:46 ~-~-> 00:00:51 |that's just the truth. So I'm going to share with you one of my secret weapons | ||
10 | |9 |00:00:51 ~-~-> 00:00:56 |tonight. Okay, it works, obviously, in forex and it works in futures. It works | ||
11 | |10 |00:00:56 ~-~-> 00:01:01 |in every asset class, with the exception of crypto. I am never, ever, ever going | ||
12 | |11 |00:01:01 ~-~-> 00:01:06 |to co sign for crypto. Also for the folks that keep asking about synthetic | ||
13 | |12 |00:01:07 ~-~-> 00:01:11 |markets or synthetic indices, I don't have any experience with them. And just | ||
14 | |13 |00:01:11 ~-~-> 00:01:16 |like the Indian markets, the nifty I have no experience with that either. So | ||
15 | |14 |00:01:16 ~-~-> 00:01:19 |you'll have to go somewhere else for an opinion on whether my stuff works in | ||
16 | |15 |00:01:19 ~-~-> 00:01:23 |those things, because I've never actively pursued whether or not it does | ||
17 | |16 |00:01:23 ~-~-> 00:01:29 |okay. So with that said, I want you to think about all the things if you've | ||
18 | |17 |00:01:29 ~-~-> 00:01:34 |been with me for a very, very long time as a student or just a curious, constant | ||
19 | |18 |00:01:34 ~-~-> 00:01:40 |reader, that period of time when I was focusing on predominantly the forex | ||
20 | |19 |00:01:40 ~-~-> 00:01:46 |markets. I was able to showcase a lot of things where I would run accounts up at | ||
21 | |20 |00:01:46 ~-~-> 00:01:50 |breakneck speeds and trade in the London session, and do lots of wonderful things | ||
22 | |21 |00:01:50 ~-~-> 00:01:54 |in the London session that just seemed to defy all logic. It had to be fake. It | ||
23 | |22 |00:01:54 ~-~-> 00:01:57 |had to be a white label broker. It had to be fraud. It had to be, you know, | ||
24 | |23 |00:01:57 ~-~-> 00:02:01 |some kind of trickery, delayed data, something to that effect, and I'm going | ||
25 | |24 |00:02:01 ~-~-> 00:02:08 |to showcase tonight something that I've never shown anyone, because it's never | ||
26 | |25 |00:02:08 ~-~-> 00:02:13 |been my interest to share some of my best kept secrets. But I'm going to do | ||
27 | |26 |00:02:13 ~-~-> 00:02:16 |that tonight just to prove to you that it's not game, it's not white golf, it's | ||
28 | |27 |00:02:16 ~-~-> 00:02:20 |not any of those types of things. It's my stuff. So when I coded this | ||
29 | |28 |00:02:20 ~-~-> 00:02:26 |algorithm, I wanted to have advantages in being able to implement daily highs, | ||
30 | |29 |00:02:26 ~-~-> 00:02:31 |daily lows, know where the lay the land is going to be, and then is a boundary | ||
31 | |30 |00:02:31 ~-~-> 00:02:36 |marker for the daily range, high and low. Then I could operate in the meet in | ||
32 | |31 |00:02:36 ~-~-> 00:02:42 |between, very easily. Be able to have a an opportunity to just delve into the | ||
33 | |32 |00:02:42 ~-~-> 00:02:46 |plethora of opportunities and setups that would be between those boundary | ||
34 | |33 |00:02:46 ~-~-> 00:02:52 |points. Now it's not imperative that you learn how to pick the daily high and the | ||
35 | |34 |00:02:52 ~-~-> 00:02:56 |daily low. Okay, I have given points of reference that will help the diligent | ||
36 | |35 |00:02:56 ~-~-> 00:03:03 |student get very close to it. Now, when you think about this, it seems | ||
37 | |36 |00:03:04 ~-~-> 00:03:07 |impossible. How could someone know the daily high and the daily low a market | ||
38 | |37 |00:03:07 ~-~-> 00:03:12 |before it even trades? But I told you, back when I was on baby pips, I was able | ||
39 | |38 |00:03:12 ~-~-> 00:03:17 |to do this. And I was showcasing examples where I was doing trades, | ||
40 | |39 |00:03:17 ~-~-> 00:03:22 |executing on them, and being very, very close to the high and very, very close | ||
41 | |40 |00:03:22 ~-~-> 00:03:28 |to the low. How was I doing it? I wasn't willing to teach it. And in 2016 I did a | ||
42 | |41 |00:03:28 ~-~-> 00:03:34 |paid mentorship. And when we got to 2017 portion of it, which is all one paid | ||
43 | |42 |00:03:34 ~-~-> 00:03:38 |membership, and that's the same content that I've uploaded on my YouTube | ||
44 | |43 |00:03:38 ~-~-> 00:03:41 |channel. So for people that are constantly leaving comments saying, do | ||
45 | |44 |00:03:41 ~-~-> 00:03:45 |you still do paid memberships or mentorships? No, I don't. I don't need | ||
46 | |45 |00:03:45 ~-~-> 00:03:49 |your money. I'm not living off of the handouts from other people. I don't need | ||
47 | |46 |00:03:49 ~-~-> 00:03:54 |to do that. I don't need to do it, okay? And to prove it, I put all my content up | ||
48 | |47 |00:03:54 ~-~-> 00:03:58 |on YouTube for free, and I promise you, okay, I could make millions of dollars | ||
49 | |48 |00:03:58 ~-~-> 00:04:02 |every single month if I wanted to sell a mentorship okay? I would put everybody | ||
50 | |49 |00:04:02 ~-~-> 00:04:06 |else out of business, and that's how it would be. I'm not interested. Okay? I | ||
51 | |50 |00:04:06 ~-~-> 00:04:10 |love doing it like this is how I started, and I love being a teacher from | ||
52 | |51 |00:04:10 ~-~-> 00:04:14 |the heart. So that way there's no there's no upsell, there's nothing that | ||
53 | |52 |00:04:14 ~-~-> 00:04:17 |you're going to have to pay me for, and you don't even have to say thank you. I | ||
54 | |53 |00:04:17 ~-~-> 00:04:21 |really don't care if you do. It's not important. But for the folks that learn | ||
55 | |54 |00:04:21 ~-~-> 00:04:24 |from me, I do appreciate when you give me feedback, and there's lots of | ||
56 | |55 |00:04:24 ~-~-> 00:04:29 |individuals that are doing that, and I just want you to know that it's | ||
57 | |56 |00:04:29 ~-~-> 00:04:34 |appreciated as a teacher, as a fellow human being, the compassion that other | ||
58 | |57 |00:04:34 ~-~-> 00:04:38 |people have shown me for the effort that I've placed out there with no | ||
59 | |58 |00:04:38 ~-~-> 00:04:44 |expectation at all in terms of a monetary reward in compensation between | ||
60 | |59 |00:04:44 ~-~-> 00:04:48 |you and I as a student, you're here because you want to be and nothing keeps | ||
61 | |60 |00:04:48 ~-~-> 00:04:52 |you here except for your interest. So I want to talk about, obviously, the | ||
62 | |61 |00:04:52 ~-~-> 00:04:57 |example of using the midnight opening range and the benefits of having that | ||
63 | |62 |00:04:57 ~-~-> 00:05:02 |information within that. Stack first, and then, before I close this session | ||
64 | |63 |00:05:02 ~-~-> 00:05:08 |out, I will show it to you in a forex pair. And everyone knows that, if you've | ||
65 | |64 |00:05:09 ~-~-> 00:05:15 |watched me as a Forex teacher and teaching my concepts in that industry or | ||
66 | |65 |00:05:15 ~-~-> 00:05:20 |asset class, everyone that knows me knows that the cable or POUND DOLLAR was | ||
67 | |66 |00:05:20 ~-~-> 00:05:24 |my favorite currency pair, and, you know, true to form, just for nostalgic | ||
68 | |67 |00:05:24 ~-~-> 00:05:27 |reasons, we'll go back into that same currency pair, and I'll show you how to | ||
69 | |68 |00:05:27 ~-~-> 00:05:31 |implement the same thing here tonight. So that way you can go back and back | ||
70 | |69 |00:05:31 ~-~-> 00:05:34 |test, you can study and get your hearts filled with all kinds of joy and | ||
71 | |70 |00:05:34 ~-~-> 00:05:37 |excitement, just like on Christmas Eve, where you can't fall asleep because, you | ||
72 | |71 |00:05:37 ~-~-> 00:05:42 |know, Santa's coming. So one minute chart here on the NASDAQ. Okay, I'm not | ||
73 | |72 |00:05:42 ~-~-> 00:05:46 |going to counsel you the look at the video I posted prior to this one in this | ||
74 | |73 |00:05:46 ~-~-> 00:05:50 |playlist. So the 2025, lecture series on my YouTube channel, the inner circle | ||
75 | |74 |00:05:50 ~-~-> 00:05:56 |trader, I gave you an example last night where my son and I were working with | ||
76 | |75 |00:05:57 ~-~-> 00:06:05 |this very concept here, okay, and how I could predict the low of the Midnight | ||
77 | |76 |00:06:05 ~-~-> 00:06:14 |opening range and what you can use with this information going forward. How is | ||
78 | |77 |00:06:14 ~-~-> 00:06:20 |it helpful to you as a trader? What information does it help you collect? | ||
79 | |78 |00:06:20 ~-~-> 00:06:25 |What can you utilize with this information, for setups, stop | ||
80 | |79 |00:06:25 ~-~-> 00:06:29 |management, all those types of things are crucial in and they're helpful, | ||
81 | |80 |00:06:29 ~-~-> 00:06:35 |really. So without going through all of this movement here, where we use the | ||
82 | |81 |00:06:35 ~-~-> 00:06:40 |city last night and used all this frame of reference, and then shorted this fair | ||
83 | |82 |00:06:40 ~-~-> 00:06:45 |value gap, which was also optimal trade entry. We we short my Simon is what | ||
84 | |83 |00:06:45 ~-~-> 00:06:49 |we're talking about here. That was done in his account. That was not my account. | ||
85 | |84 |00:06:49 ~-~-> 00:06:57 |He sat with me in a webinar seminar, type, you know, program. What I could | ||
86 | |85 |00:06:57 ~-~-> 00:07:04 |say about his chart when he's showing it to me live. It's kind of like where we | ||
87 | |86 |00:07:04 ~-~-> 00:07:09 |sit and we talk like he's the his home, I'm in my home, and he's sharing his | ||
88 | |87 |00:07:09 ~-~-> 00:07:15 |chart, or I'll share my chart. So when you're looking at that video last night, | ||
89 | |88 |00:07:15 ~-~-> 00:07:21 |that's not my Live account. That's me talking about what it is that he should | ||
90 | |89 |00:07:21 ~-~-> 00:07:27 |do, and he's given access to the cursor. So that way, when the button's being | ||
91 | |90 |00:07:27 ~-~-> 00:07:32 |pushed, he's pushing the button, but it's me doing all the annotations. Okay, | ||
92 | |91 |00:07:32 ~-~-> 00:07:36 |so that way you understand what was going on there last night. It was a live | ||
93 | |92 |00:07:36 ~-~-> 00:07:40 |account. It's his account. He's pushing the button, but I'm annotating and | ||
94 | |93 |00:07:40 ~-~-> 00:07:43 |explaining to him. So you're probably saying, Well, why can't you talk to any | ||
95 | |94 |00:07:43 ~-~-> 00:07:49 |video? Well, not everything that I do with my children. You're not obligated | ||
96 | |95 |00:07:49 ~-~-> 00:07:52 |to that. Okay, so in other words, you're not entitled to have everything I'm | ||
97 | |96 |00:07:52 ~-~-> 00:07:56 |teaching them. But because I wanted to showcase what I'm segueing into tonight, | ||
98 | |97 |00:07:57 ~-~-> 00:08:02 |I wanted to show you a real world example of you, Michael the trader, | ||
99 | |98 |00:08:03 ~-~-> 00:08:09 |having the understanding about what this algorithm does. Because having this | ||
100 | |99 |00:08:09 ~-~-> 00:08:13 |information is one thing, having the idea and the source code, if you will, | ||
101 | |100 |00:08:13 ~-~-> 00:08:17 |of why it should be beneficial, what it could be used for, what what is it used | ||
102 | |101 |00:08:18 ~-~-> 00:08:23 |to bring about, in terms of setups, What place does it hold? In power three for | ||
103 | |102 |00:08:23 ~-~-> 00:08:28 |the daily range construction, all those things, okay, are building blocks. They | ||
104 | |103 |00:08:28 ~-~-> 00:08:34 |they stack on one another to present what the daily range will be at the end | ||
105 | |104 |00:08:34 ~-~-> 00:08:40 |of the trading session. Now, no one else out there has this information, because | ||
106 | |105 |00:08:40 ~-~-> 00:08:43 |if they did, they would prove it, they would showcase it, and they would be | ||
107 | |106 |00:08:43 ~-~-> 00:08:48 |able to implement things and show you before it happens. And there is no one | ||
108 | |107 |00:08:48 ~-~-> 00:08:53 |walking this planet that's able to do that. Now, in the recent years of me | ||
109 | |108 |00:08:53 ~-~-> 00:08:56 |teaching and talking about these types of things and giving concepts and | ||
110 | |109 |00:08:56 ~-~-> 00:09:04 |conceptual ideas, that audience has grown and their affinity for the ideas | ||
111 | |110 |00:09:04 ~-~-> 00:09:08 |that these markets are actually 100% scripted and controlled by an algorithm. | ||
112 | |111 |00:09:09 ~-~-> 00:09:14 |It's no longer taboo, but there's still a strong opposition to the idea, and | ||
113 | |112 |00:09:14 ~-~-> 00:09:17 |that's good. That means that there's always going to be liquidity. There's | ||
114 | |113 |00:09:17 ~-~-> 00:09:20 |going to be people that's going to be able to be the opposite side of your | ||
115 | |114 |00:09:20 ~-~-> 00:09:25 |winning trade because they are not informed. Okay, so that's a benefit to | ||
116 | |115 |00:09:25 ~-~-> 00:09:28 |you. And if you're in a conversation with folks out there and they're | ||
117 | |116 |00:09:28 ~-~-> 00:09:31 |arguing, saying that what I'm teaching or talking about doesn't exist, it's | ||
118 | |117 |00:09:31 ~-~-> 00:09:36 |it's made up, contrived, let them believe it. Let them believe it. It's | ||
119 | |118 |00:09:36 ~-~-> 00:09:41 |okay. Don't try to win every argument with these people. Okay, so I want you | ||
120 | |119 |00:09:41 ~-~-> 00:09:47 |to think about how I taught the opening range in the morning session that's | ||
121 | |120 |00:09:47 ~-~-> 00:09:53 |being specifically aimed around the 930 to 10 o'clock in the morning 30 minute | ||
122 | |121 |00:09:53 ~-~-> 00:09:59 |interval. So that segment of time that is the algorithmic opening range. There | ||
123 | |122 |00:09:59 ~-~-> 00:10:04 |is apps. Absolutely, I don't care who tells you what, there's no other opening | ||
124 | |123 |00:10:04 ~-~-> 00:10:07 |range except for that 30 minute interval. Okay, | ||
125 | |124 |00:10:09 ~-~-> 00:10:13 |if it's less than 30 minutes, it ain't algorithmic. It's just somebody trying | ||
126 | |125 |00:10:13 ~-~-> 00:10:19 |to make up something. But the algorithm absolutely uses that first 30 minutes, | ||
127 | |126 |00:10:19 ~-~-> 00:10:26 |and it does the same type of thing at midnight New York local time for the | ||
128 | |127 |00:10:26 ~-~-> 00:10:30 |folks have been with our, you know, with me as the inner circle trader, and I was | ||
129 | |128 |00:10:30 ~-~-> 00:10:35 |doing predominantly just Forex instruction. You all know that I taught | ||
130 | |129 |00:10:35 ~-~-> 00:10:39 |a concept, and you can find it on my paid membership and mentorship lectures | ||
131 | |130 |00:10:39 ~-~-> 00:10:42 |in this YouTube channel. All you have to do is look for 2016 2000 16. 2017 | ||
132 | |131 |00:10:43 ~-~-> 00:10:47 |playlist for the mentorship. Those are the actual lectures that you would have | ||
133 | |132 |00:10:47 ~-~-> 00:10:52 |had to pay me for back then, and I've uploaded them on my YouTube channel for | ||
134 | |133 |00:10:52 ~-~-> 00:10:56 |free because there's lots of people out there still sell it to people that don't | ||
135 | |134 |00:10:56 ~-~-> 00:11:00 |know that it's on my YouTube channel for free. And I get emails all the time. I | ||
136 | |135 |00:11:00 ~-~-> 00:11:03 |wish I would have known. I won't. I tell it all the time. Go through my content. | ||
137 | |136 |00:11:03 ~-~-> 00:11:06 |You can see the playlist. Search through the playlist, and you'll see I've | ||
138 | |137 |00:11:06 ~-~-> 00:11:11 |literally gifted it to the community. I don't need the money from it anymore, | ||
139 | |138 |00:11:11 ~-~-> 00:11:14 |and I'm never going to do another paid mentorship. That's never going to | ||
140 | |139 |00:11:14 ~-~-> 00:11:19 |happen. So why am I doing this? Because I love doing it, okay? And I promise | ||
141 | |140 |00:11:19 ~-~-> 00:11:24 |you, the ad revenue isn't that great, okay, and I can make a lot more money | ||
142 | |141 |00:11:24 ~-~-> 00:11:32 |trading than the ad revenue will ever pay me. So pull up your sleeves, grab a | ||
143 | |142 |00:11:32 ~-~-> 00:11:35 |writing utensil and get ready, take some cool notes, because this is the | ||
144 | |143 |00:11:35 ~-~-> 00:11:39 |information. These are the things I was using back when I was running up those | ||
145 | |144 |00:11:39 ~-~-> 00:11:43 |accounts over millions of dollars when I was trading the Forex markets and was | ||
146 | |145 |00:11:43 ~-~-> 00:11:47 |teaching and lecturing over live price action, and everyone that didn't believe | ||
147 | |146 |00:11:47 ~-~-> 00:11:53 |in me had all these crazy thoughts about how I was using some kind of delayed | ||
148 | |147 |00:11:53 ~-~-> 00:11:58 |data. I was using some kind of a white label broker, and I was keying in trades | ||
149 | |148 |00:11:58 ~-~-> 00:12:01 |after the fact. Well, now you've seen enough of me doing it with live | ||
150 | |149 |00:12:01 ~-~-> 00:12:06 |executions, with a live broker, with live broker statements. Okay, it's kind | ||
151 | |150 |00:12:06 ~-~-> 00:12:10 |of hard to make that argument anymore. So what I was dealing back on baby pips | ||
152 | |151 |00:12:10 ~-~-> 00:12:15 |when I was able to go in there and trade and nail the high of the day and the low | ||
153 | |152 |00:12:15 ~-~-> 00:12:20 |of the day, how was I able to do that? It's this concept here that starts it | ||
154 | |153 |00:12:20 ~-~-> 00:12:25 |all off. Okay, so again, we're going to first present the idea in the NASDAQ, | ||
155 | |154 |00:12:25 ~-~-> 00:12:29 |and then we're going to give an example in the POUND DOLLAR for forex traders. | ||
156 | |155 |00:12:29 ~-~-> 00:12:36 |Okay, so this is the midnight opening range, so the first thing you got to do | ||
157 | |156 |00:12:36 ~-~-> 00:12:42 |is, obviously find electronic trading hours. So for the folks that don't know, | ||
158 | |157 |00:12:43 ~-~-> 00:12:49 |I don't necessarily know what plan you have to have for trading view. So to | ||
159 | |158 |00:12:49 ~-~-> 00:12:52 |avoid the idea that I'm trying to sell or getting any kind of affiliate | ||
160 | |159 |00:12:52 ~-~-> 00:12:57 |marketing type thing from trading view, which they offered it to me, I declined | ||
161 | |160 |00:12:57 ~-~-> 00:13:01 |it. I don't do any affiliate marketing, because that way, my opinion is 100% | ||
162 | |161 |00:13:02 ~-~-> 00:13:06 |organic. It's not influenced by anyone. I'm not paid to say I like something or | ||
163 | |162 |00:13:06 ~-~-> 00:13:09 |don't like something. If I say I don't like something or I like it, I like it | ||
164 | |163 |00:13:09 ~-~-> 00:13:14 |or I don't like it. And this is simply that. So I don't know what plan you | ||
165 | |164 |00:13:14 ~-~-> 00:13:19 |would have to pay to have trading view offer this for intraday charting when | ||
166 | |165 |00:13:19 ~-~-> 00:13:24 |you're looking at index futures. This. I don't, I don't know, to be honest, I | ||
167 | |166 |00:13:24 ~-~-> 00:13:31 |have the highest form of plan at trading view, so I have the pros platform, so I | ||
168 | |167 |00:13:31 ~-~-> 00:13:36 |can see things that maybe your plan, or if you don't have a paid plan for | ||
169 | |168 |00:13:36 ~-~-> 00:13:40 |trading view, you may not have this option, and there's nothing I can do to | ||
170 | |169 |00:13:40 ~-~-> 00:13:43 |correct that for you. Okay, so just know that I'm being honest with you. I'm | ||
171 | |170 |00:13:43 ~-~-> 00:13:48 |being sincere about it. I don't know personally what plan would offer this if | ||
172 | |171 |00:13:48 ~-~-> 00:13:52 |it, if it requires you being a paid member of trading deal. So just bear | ||
173 | |172 |00:13:52 ~-~-> 00:13:57 |that in mind. I apologize if that's offensive or if it makes you mad. I | ||
174 | |173 |00:13:57 ~-~-> 00:14:01 |don't have any control for that. Okay, so you're going to be looking at it | ||
175 | |174 |00:14:01 ~-~-> 00:14:08 |through electronic trading hours, okay? And by having that, you're gonna be able | ||
176 | |175 |00:14:08 ~-~-> 00:14:15 |to see basically, you know, Globex hours trading that means the off session or | ||
177 | |176 |00:14:15 ~-~-> 00:14:20 |non regular trading hours. When you have an electronic trading hours, what you're | ||
178 | |177 |00:14:20 ~-~-> 00:14:22 |gonna do is you're gonna grab your vertical line here you're vertical line | ||
179 | |178 |00:14:22 ~-~-> 00:14:26 |here, and you're going to find midnight, and you always have to make sure that | ||
180 | |179 |00:14:26 ~-~-> 00:14:30 |your your chart is set to New York time. I don't care where you live | ||
181 | |180 |00:14:30 ~-~-> 00:14:35 |geographically, on this spinning rock that we call Earth, you always have to | ||
182 | |181 |00:14:35 ~-~-> 00:14:40 |set your charts to New York local time, because everything runs by this | ||
183 | |182 |00:14:40 ~-~-> 00:14:46 |algorithm on New York local time, whatever it is in New York time, that's | ||
184 | |183 |00:14:46 ~-~-> 00:14:49 |what your chart should be set, set to. So you can see everything based on | ||
185 | |184 |00:14:49 ~-~-> 00:14:53 |algorithmic delivery. Anyone tells you, other than that they don't know what | ||
186 | |185 |00:14:53 ~-~-> 00:14:55 |they're talking about. If they talk about algorithms and they're not | ||
187 | |186 |00:14:55 ~-~-> 00:15:00 |specifically talking in Eastern or East Coast time, there could. Completely | ||
188 | |187 |00:15:00 ~-~-> 00:15:03 |oblivious, and they don't have to talk about just run away from because they're | ||
189 | |188 |00:15:03 ~-~-> 00:15:08 |frauds. So at midnight, we have this beginning reference point. So that's the | ||
190 | |189 |00:15:08 ~-~-> 00:15:15 |beginning, and this is the end at 1230 so you find 1230 on a limited chart | ||
191 | |190 |00:15:16 ~-~-> 00:15:26 |right there. See that? So now all you have to do is find where is the opening | ||
192 | |191 |00:15:26 ~-~-> 00:15:39 |candle at midnight, right here, that candle the low and the high. There's | ||
193 | |192 |00:15:39 ~-~-> 00:15:46 |three reference points there that are very, very crucial to me as a trader. So | ||
194 | |193 |00:15:46 ~-~-> 00:15:50 |when I coded this algorithm, I wanted to have the benefit of having the | ||
195 | |194 |00:15:50 ~-~-> 00:15:55 |parameters of a daily high, a daily low, and that way I can find the plethora of | ||
196 | |195 |00:15:55 ~-~-> 00:16:01 |setups between those two daily range extremes. So that means I could trade | ||
197 | |196 |00:16:01 ~-~-> 00:16:05 |with the idea that I know it's likely to reach to this degree of price because | ||
198 | |197 |00:16:05 ~-~-> 00:16:09 |it's going to be the high of the day, and I can trade to this degree of price | ||
199 | |198 |00:16:09 ~-~-> 00:16:12 |because it's going to be the low of the day. And while I'm in between both of | ||
200 | |199 |00:16:12 ~-~-> 00:16:16 |those reference points, if I know what time of day it is, I know how I can | ||
201 | |200 |00:16:16 ~-~-> 00:16:21 |implement the meat basically on that bone between the high and low of the | ||
202 | |201 |00:16:21 ~-~-> 00:16:26 |day. So there's a plethora of setups in between those two reference points. Now | ||
203 | |202 |00:16:26 ~-~-> 00:16:30 |it's not my goal to teach you how to pinpoint the daily high and low, but I'm | ||
204 | |203 |00:16:30 ~-~-> 00:16:34 |going to give you some hints, like I did to my paid membership students in the | ||
205 | |204 |00:16:34 ~-~-> 00:16:38 |2016 2017 mentorship where I was teaching them daily high and daily low. | ||
206 | |205 |00:16:38 ~-~-> 00:16:44 |Now there's a lot of things that go into that. And again, I'm not going to just | ||
207 | |206 |00:16:44 ~-~-> 00:16:52 |simply divulge that, because that is such a degree of there's no competition. | ||
208 | |207 |00:16:52 ~-~-> 00:16:57 |When you have that, there really is no competition to it. But you don't need to | ||
209 | |208 |00:16:57 ~-~-> 00:17:03 |know the very high or low of the day, but you can anticipate a rough idea | ||
210 | |209 |00:17:03 ~-~-> 00:17:07 |where that might be a couple times a week with what I've already taught my | ||
211 | |210 |00:17:07 ~-~-> 00:17:10 |YouTube channel, and I'm gonna give you some more information here. So it kind | ||
212 | |211 |00:17:10 ~-~-> 00:17:14 |of like, will help you. If you have all my old videos from Baby pips days, you | ||
213 | |212 |00:17:14 ~-~-> 00:17:18 |can go back and use this idea here and back test and see exactly what I was | ||
214 | |213 |00:17:18 ~-~-> 00:17:24 |doing. And it was just like, I'm showing you here tonight. Okay, so what three | ||
215 | |214 |00:17:24 ~-~-> 00:17:30 |reference points are we looking at? Well, the first thing is the opening | ||
216 | |215 |00:17:30 ~-~-> 00:17:34 |price at midnight on this candlestick right there. I'm going to plot that like | ||
217 | |216 |00:17:34 ~-~-> 00:17:41 |that and widen this up a little bit so you see that range a little bit better. | ||
218 | |217 |00:17:43 ~-~-> 00:17:47 |And I have to be careful, because if I'm not, this could be very easily another | ||
219 | |218 |00:17:47 ~-~-> 00:17:50 |hour long video. And I don't want to make a long, long video, because I know | ||
220 | |219 |00:17:50 ~-~-> 00:17:56 |the attention span of new students isn't that long, and unfortunately, they | ||
221 | |220 |00:17:56 ~-~-> 00:18:01 |sometimes lose interest, and they don't ever really get the chance to appreciate | ||
222 | |221 |00:18:01 ~-~-> 00:18:11 |what's being shared. So we have this level here, and I'm going to second that | ||
223 | |222 |00:18:11 ~-~-> 00:18:18 |up. You don't see if I have this little recording thing, it's always in my way. | ||
224 | |223 |00:18:19 ~-~-> 00:18:27 |And then we're going to clone that, and we'll plot that right there on the low. | ||
225 | |224 |00:18:28 ~-~-> 00:18:33 |Okay, so now what I have here, and I'll make this a little bit thicker as well | ||
226 | |225 |00:18:33 ~-~-> 00:18:43 |and make it black. There you go. And I'll change that to a adapt. Dashed | ||
227 | |226 |00:18:43 ~-~-> 00:18:49 |line. Okay, so that's the midnight opening price for power three. Power | ||
228 | |227 |00:18:49 ~-~-> 00:18:56 |three is your daily range candlestick formation. This high is the midnight | ||
229 | |228 |00:18:56 ~-~-> 00:19:02 |opening range. High and this is the low of the Midnight opening range. Okay, so | ||
230 | |229 |00:19:04 ~-~-> 00:19:10 |this information, once you have it, it provides a great deal of insight. Okay, | ||
231 | |230 |00:19:10 ~-~-> 00:19:14 |and if you look at what I was doing in the trade last night with my son, Caleb, | ||
232 | |231 |00:19:15 ~-~-> 00:19:19 |all of this move here, I anticipated that, and was showing you where it would | ||
233 | |232 |00:19:19 ~-~-> 00:19:23 |draw down to. And it's really based on simple liquidity. | ||
234 | |233 |00:19:28 ~-~-> 00:19:36 |This low right here, right in here, this inefficiency. This is a buy side of | ||
235 | |234 |00:19:36 ~-~-> 00:19:40 |balance, sell sign in efficiency. And then we have the liquidity resting below | ||
236 | |235 |00:19:40 ~-~-> 00:19:43 |here. So these are all draws in liquidity. And I was mainly using this | ||
237 | |236 |00:19:43 ~-~-> 00:19:51 |frame of reference there. So if we go back over here, once we have this | ||
238 | |237 |00:19:51 ~-~-> 00:19:56 |information, and now I'm going to take these lines that are vertical off. Okay, | ||
239 | |238 |00:19:56 ~-~-> 00:20:00 |so you don't no longer need them. But now you know what. Looks like, and how | ||
240 | |239 |00:20:00 ~-~-> 00:20:09 |to frame it yourself in this drop here, from the high down to the low of the | ||
241 | |240 |00:20:09 ~-~-> 00:20:17 |Midnight opening range, I want to look for inefficiencies, order blocks, | ||
242 | |241 |00:20:17 ~-~-> 00:20:23 |breakers, any PD array that I've taught in month four content of my paid | ||
243 | |242 |00:20:23 ~-~-> 00:20:27 |membership and mentorship lectures. The way you look for that on the YouTube | ||
244 | |243 |00:20:27 ~-~-> 00:20:34 |channel is go into 2016 ICT private mentorship playlist and look for month | ||
245 | |244 |00:20:34 ~-~-> 00:20:41 |four. And I'll go through in that number of videos. I go through my PD arrays, | ||
246 | |245 |00:20:41 ~-~-> 00:20:44 |the first introduction of going through them. Not all of my PD arrays are taught | ||
247 | |246 |00:20:44 ~-~-> 00:20:51 |in that playlist, but the majority of them are introduced there. Not all 81 of | ||
248 | |247 |00:20:51 ~-~-> 00:20:56 |them. So if you notice this level right here, the single candle right there, | ||
249 | |248 |00:20:57 ~-~-> 00:21:11 |that is your first reference point where the largest degree of displacement takes | ||
250 | |249 |00:21:11 ~-~-> 00:21:18 |place. Notice that. Now, sure, we had a city over here, but this one right here, | ||
251 | |250 |00:21:18 ~-~-> 00:21:24 |much more pronounced. Okay, much, much more prominent. It really jumps off the | ||
252 | |251 |00:21:24 ~-~-> 00:21:30 |chart. So by having this and measuring that inefficiency, we can now have a | ||
253 | |252 |00:21:30 ~-~-> 00:21:36 |graded inefficiency that can be utilized. Grab the wrong thing. We can | ||
254 | |253 |00:21:36 ~-~-> 00:21:42 |use this information and go forward by having a and real quick last night, I | ||
255 | |254 |00:21:42 ~-~-> 00:21:47 |taught you that see how this closing price is below the next candles opening | ||
256 | |255 |00:21:47 ~-~-> 00:21:53 |price. Here you see that. So this candlesticks close the bottom end of the | ||
257 | |256 |00:21:53 ~-~-> 00:21:57 |body, basically that is lower in value than the opening price of that | ||
258 | |257 |00:21:57 ~-~-> 00:22:01 |candlestick. So that's why I'm putting that shaded box on the wick of this | ||
259 | |258 |00:22:01 ~-~-> 00:22:08 |candle and not this close, okay? And the same thing over here, this candle sticks | ||
260 | |259 |00:22:08 ~-~-> 00:22:13 |close is lower than this candle sticks open. So there's no volume imbalance, is | ||
261 | |260 |00:22:13 ~-~-> 00:22:16 |what I'm basically getting at. If there's a volume imbalance, you have to | ||
262 | |261 |00:22:16 ~-~-> 00:22:21 |make sure that you encapsulate the city or buy side imbalance outside efficiency | ||
263 | |262 |00:22:21 ~-~-> 00:22:26 |busy, which will be the opposite of this. This is a city, one single candle | ||
264 | |263 |00:22:26 ~-~-> 00:22:32 |that's bordered by previous candle that doesn't share the same range and a | ||
265 | |264 |00:22:32 ~-~-> 00:22:36 |subsequent candle that doesn't share the same range of this. One single pass | ||
266 | |265 |00:22:36 ~-~-> 00:22:42 |through on here. Okay, so now we have this extended through, and now this | ||
267 | |266 |00:22:42 ~-~-> 00:22:48 |displacement, the algorithm will refer back to that it'll go right back into | ||
268 | |267 |00:22:48 ~-~-> 00:22:53 |that range. And how will it use it? Well, we have gradient levels here, the | ||
269 | |268 |00:22:53 ~-~-> 00:22:58 |lower quadrant consequent encroachment, which is the midpoint of the range high | ||
270 | |269 |00:22:58 ~-~-> 00:23:01 |and low, that creates this single cell side and balance by side inefficiency | ||
271 | |270 |00:23:01 ~-~-> 00:23:05 |and the upper quadrant level here, and then obviously the high and the low | ||
272 | |271 |00:23:05 ~-~-> 00:23:13 |respective of this inefficiency. Now, by having this information, we can go | ||
273 | |272 |00:23:13 ~-~-> 00:23:23 |forward and use things like fibs that give you mathematically derived | ||
274 | |273 |00:23:24 ~-~-> 00:23:30 |projections to where the daily highs and the daily lows will form. Now that | ||
275 | |274 |00:23:30 ~-~-> 00:23:35 |sounds crazy, right? Like there's no way. Come on. ICT, we can't do things | ||
276 | |275 |00:23:35 ~-~-> 00:23:40 |like that. Well, you can't, but I can. So if you take the high here of that | ||
277 | |276 |00:23:40 ~-~-> 00:23:46 |opening range at midnight, and we plot that like that. You see that now I'm | ||
278 | |277 |00:23:46 ~-~-> 00:23:50 |going to go into the settings, as you can see again. Here is my Fibonacci | ||
279 | |278 |00:23:50 ~-~-> 00:24:00 |settings. And if we add things like negative point five, negative one, | ||
280 | |279 |00:24:01 ~-~-> 00:24:06 |things of that nature, we can get projections that will take us above | ||
281 | |280 |00:24:06 ~-~-> 00:24:13 |these relative equal highs. How high can it go? How high can it go if it's going | ||
282 | |281 |00:24:13 ~-~-> 00:24:18 |to sweep above this level here, and how low can it go when it starts to break | ||
283 | |282 |00:24:18 ~-~-> 00:24:25 |lower? Should it do so well if we scrunch this thing up here a little bit | ||
284 | |283 |00:24:25 ~-~-> 00:24:42 |and we apply the FIB both directions, so here's negative 0.5 and then negative | ||
285 | |284 |00:24:42 ~-~-> 00:24:50 |one. And then we have the standard deviations that are projected lower down | ||
286 | |285 |00:24:50 ~-~-> 00:24:50 |here. And | ||
287 | |286 |00:24:56 ~-~-> 00:25:00 |then we have things that we can project going forward. So we have some relative | ||
288 | |287 |00:25:00 ~-~-> 00:25:07 |equal highs up here. So it's Buy, Sell liquidity, and we can anticipate price | ||
289 | |288 |00:25:07 ~-~-> 00:25:14 |running up into these levels here, and then we have standard deviation negative | ||
290 | |289 |00:25:14 ~-~-> 00:25:19 |one. Now, what is that measuring like? What is it that you're actually getting | ||
291 | |290 |00:25:19 ~-~-> 00:25:25 |from that you're getting the range low of the Midnight opening range at 30 | ||
292 | |291 |00:25:25 ~-~-> 00:25:30 |minute interval between midnight and 1230 Eastern time. If the market trades | ||
293 | |292 |00:25:30 ~-~-> 00:25:38 |above it, then it can go one half of one standard deviation or one standard | ||
294 | |293 |00:25:38 ~-~-> 00:25:42 |deviation. So in other words, the actual range, from the high to low, at range | ||
295 | |294 |00:25:42 ~-~-> 00:25:47 |added to the high, that's all it is. So think, like measured, move how hard and | ||
296 | |295 |00:25:47 ~-~-> 00:25:54 |fast it goes to that degree of premium or discount is relative to an economic | ||
297 | |296 |00:25:54 ~-~-> 00:25:59 |calendar event during London. Okay, so this is all helping you trade london | ||
298 | |297 |00:25:59 ~-~-> 00:26:03 |session. That's, that's what it's really based around. And I'll give you some | ||
299 | |298 |00:26:03 ~-~-> 00:26:08 |more details in a moment. Just bear with me. Okay, these are very, very complex | ||
300 | |299 |00:26:08 ~-~-> 00:26:14 |concepts. So when I sat down and I was coding all these things to make it | ||
301 | |300 |00:26:15 ~-~-> 00:26:20 |fashionable, where, knowing what it's going to do, repeating it now it's going | ||
302 | |301 |00:26:20 ~-~-> 00:26:24 |to refer back the same reference points and over and over and over again. That | ||
303 | |302 |00:26:24 ~-~-> 00:26:28 |is something that I can't obviously teach and showcase in a video, certainly | ||
304 | |303 |00:26:28 ~-~-> 00:26:32 |not going to do it on YouTube anyway. But just to give you the nuts and bolts, | ||
305 | |304 |00:26:32 ~-~-> 00:26:41 |if you will, this is a very easy brass tax approach to finding the one or two | ||
306 | |305 |00:26:41 ~-~-> 00:26:45 |levels that generally, not all the time, but generally will deliver what you're | ||
307 | |306 |00:26:45 ~-~-> 00:26:51 |going to be looking for, for a daily high or daily low. We have relative | ||
308 | |307 |00:26:51 ~-~-> 00:26:58 |equal highs over here. You see that. So this one here is enough to do that. It | ||
309 | |308 |00:26:58 ~-~-> 00:27:03 |trades up into it there, but then we have standard deviation one up here. So | ||
310 | |309 |00:27:03 ~-~-> 00:27:07 |watch what happens later on in the day session. But for right now, I want you | ||
311 | |310 |00:27:07 ~-~-> 00:27:18 |to look at what we have in London. Okay, we have the standard deviation based on | ||
312 | |311 |00:27:18 ~-~-> 00:27:24 |this inefficiency. If we take the range from low to high, that's this low here, | ||
313 | |312 |00:27:24 ~-~-> 00:27:31 |to that high, half a standard deviation, one standard deviation. If we use the | ||
314 | |313 |00:27:31 ~-~-> 00:27:37 |inefficiency, we can do the same thing there, where we can take those levels, | ||
315 | |314 |00:27:37 ~-~-> 00:27:46 |and now we'll plot them from low of the inefficiency, the high. Now I already | ||
316 | |315 |00:27:46 ~-~-> 00:27:54 |know, okay, I already know that there are very, very critical minds watching | ||
317 | |316 |00:27:54 ~-~-> 00:27:59 |this, and they're saying this is over complication. Okay, I already told you | ||
318 | |317 |00:27:59 ~-~-> 00:28:04 |that it's something that it's not found in other books. No, the educators gain | ||
319 | |318 |00:28:04 ~-~-> 00:28:07 |doesn't know about it. Wyckoff sure as hell didn't know anything about this. | ||
320 | |319 |00:28:07 ~-~-> 00:28:11 |Larry Williams doesn't know anything about this. You know, nobody else knows | ||
321 | |320 |00:28:11 ~-~-> 00:28:15 |this stuff because you're talking to the mac daddy who put it together. So this | ||
322 | |321 |00:28:15 ~-~-> 00:28:20 |inefficiency here, if we use that same idea of standard deviations from that, | ||
323 | |322 |00:28:20 ~-~-> 00:28:25 |we can also get very, very precise elements to how the algorithm will | ||
324 | |323 |00:28:25 ~-~-> 00:28:31 |rebook and redeliver to premium and discount, even inside of that midnight | ||
325 | |324 |00:28:31 ~-~-> 00:28:35 |opening range. What I mean by that? Well, this is first presented | ||
326 | |325 |00:28:36 ~-~-> 00:28:43 |displacement, okay, the displacement, in and of itself, is a PV array. Remember, | ||
327 | |326 |00:28:43 ~-~-> 00:28:51 |we already had a inefficiency offered here. Here. Okay, so it's not that it's, | ||
328 | |327 |00:28:51 ~-~-> 00:29:01 |you know, self sign of balance in, in of itself, it's a very large one, and it's | ||
329 | |328 |00:29:01 ~-~-> 00:29:07 |occurring inside of the Midnight opening range. So it jumps off the chart. It's | ||
330 | |329 |00:29:07 ~-~-> 00:29:15 |the first presented displacement. Notice that. So what happens when I add these | ||
331 | |330 |00:29:15 ~-~-> 00:29:24 |same levels that are here, negative one and negative 0.5 What if I add that to | ||
332 | |331 |00:29:24 ~-~-> 00:29:30 |this inefficiency? On the upside? Well, you get these things like this. You get | ||
333 | |332 |00:29:31 ~-~-> 00:29:35 |the 50 or half of it. That's this level here. Look what the bodies are doing. | ||
334 | |333 |00:29:35 ~-~-> 00:29:40 |You see that? Look at all this close of that candle, the open of that candle, | ||
335 | |334 |00:29:41 ~-~-> 00:29:46 |all this consolidation around there. Look at the bodies here, here, and it | ||
336 | |335 |00:29:46 ~-~-> 00:29:49 |moves away from it. And then we have the negative one standard deviation here. | ||
337 | |336 |00:29:49 ~-~-> 00:29:53 |What is it doing? Is creating this delivery of that high look at the bodies | ||
338 | |337 |00:29:53 ~-~-> 00:29:58 |working around that, and all the consolidation around here, and it runs | ||
339 | |338 |00:29:58 ~-~-> 00:30:02 |away from it there. Now what happens? When you use the same idea and we add it | ||
340 | |339 |00:30:02 ~-~-> 00:30:10 |to the projection below this inefficiency, you start from the high | ||
341 | |340 |00:30:11 ~-~-> 00:30:19 |down to the low, negative 0.5 you can see how we're working this level here, | ||
342 | |341 |00:30:19 ~-~-> 00:30:24 |and then finally, at negative one standard deviation, we see it here, | ||
343 | |342 |00:30:24 ~-~-> 00:30:33 |here, here, and then rallies and starts working inside of that displacement in | ||
344 | |343 |00:30:33 ~-~-> 00:30:37 |and of itself. So we can see there's boundaries that can be created with | ||
345 | |344 |00:30:37 ~-~-> 00:30:41 |this. So the markets are absolutely not random. And you're going to try to argue | ||
346 | |345 |00:30:41 ~-~-> 00:30:45 |with me and tell me that, you know, all the buyers came to the conclusion that | ||
347 | |346 |00:30:45 ~-~-> 00:30:47 |this is a good time to buy, and sellers said, No, we're not interested in | ||
348 | |347 |00:30:47 ~-~-> 00:30:50 |selling anything lower than that. So therefore the market stopped, turned on | ||
349 | |348 |00:30:50 ~-~-> 00:30:53 |a diamond, reverse, right, wrong. Same thing here. The market's just going to | ||
350 | |349 |00:30:53 ~-~-> 00:30:56 |randomly go down to that level here, stop, turn around and go higher, simply | ||
351 | |350 |00:30:56 ~-~-> 00:31:00 |because sellers are no longer interested in going short and or buyers overtook | ||
352 | |351 |00:31:00 ~-~-> 00:31:04 |the buying or the selling of short sellers. That's not how the markets | ||
353 | |352 |00:31:04 ~-~-> 00:31:07 |work, folks, okay? And for the folks that are leaving comments and saying, | ||
354 | |353 |00:31:07 ~-~-> 00:31:11 |you don't even know how the markets do auction, you don't know auction theory. | ||
355 | |354 |00:31:11 ~-~-> 00:31:14 |You don't know algorithm, price delivery. That's the problem here. | ||
356 | |355 |00:31:14 ~-~-> 00:31:17 |There's a break in communication here, because you don't know the language of | ||
357 | |356 |00:31:17 ~-~-> 00:31:21 |the marketplace. You can read all the books and listen to all these people | ||
358 | |357 |00:31:21 ~-~-> 00:31:23 |talk about how they used to work on the floor. The floor, and they knew this, | ||
359 | |358 |00:31:23 ~-~-> 00:31:28 |and they knew that these same people are in my mentorship. Okay, so come on, | ||
360 | |359 |00:31:28 ~-~-> 00:31:33 |please, when you look at the degree of precision, okay, and find it anywhere | ||
361 | |360 |00:31:33 ~-~-> 00:31:36 |else. You're not seeing it anywhere else. Floor pivot numbers ain't gonna | ||
362 | |361 |00:31:36 ~-~-> 00:31:40 |deliver this level of precision. Okay, it's not there, folks. So blind man, | ||
363 | |362 |00:31:40 ~-~-> 00:31:45 |ain't going to do it either. But now watch what happens when we trade outside | ||
364 | |363 |00:31:45 ~-~-> 00:31:51 |the band of this range. Notice we're probing below it here, but it's only | ||
365 | |364 |00:31:51 ~-~-> 00:31:56 |going one standard deviation of this inefficiency with that low right there. | ||
366 | |365 |00:31:56 ~-~-> 00:32:02 |Remember, go back to it and look, look, see. Look at it. It's controlled. It's | ||
367 | |366 |00:32:02 ~-~-> 00:32:06 |only allowing one standard deviation outside of this when it went lower. I'm | ||
368 | |367 |00:32:06 ~-~-> 00:32:09 |not interested in seeing it go below that low, because I don't think it's | ||
369 | |368 |00:32:09 ~-~-> 00:32:14 |going to do it. Why? Why was I interested in only getting out when it | ||
370 | |369 |00:32:14 ~-~-> 00:32:20 |went down here? Why was I? Why was I doing that? Because this inefficiency | ||
371 | |370 |00:32:20 ~-~-> 00:32:25 |told me that this one stand deviation down here is about as far as it'll go | ||
372 | |371 |00:32:25 ~-~-> 00:32:31 |once it trades to my target three look at the video from last night. Okay, so | ||
373 | |372 |00:32:33 ~-~-> 00:32:37 |once we get back inside of this inefficiency that's in purple, then I | ||
374 | |373 |00:32:37 ~-~-> 00:32:41 |can start looking at the quadrants, the consequent encouragement and the high | ||
375 | |374 |00:32:41 ~-~-> 00:32:44 |and the low, the actual inefficiency. So you can see the low, the inefficiency | ||
376 | |375 |00:32:44 ~-~-> 00:32:49 |here, again, that's this candle sticks high. It's supporting it here, rallies | ||
377 | |376 |00:32:49 ~-~-> 00:32:53 |up to upper quadrant, trades back down. It trades just outside of it here, but | ||
378 | |377 |00:32:53 ~-~-> 00:32:57 |it goes right back into the middle and starts consolidating around the | ||
379 | |378 |00:32:57 ~-~-> 00:33:01 |consequent encroachment, or the midpoint of that purple area. Then the market | ||
380 | |379 |00:33:01 ~-~-> 00:33:06 |trades one more time lower, and now it's allowing price to go outside the range | ||
381 | |380 |00:33:06 ~-~-> 00:33:13 |of this inefficiency, because it's in it's enticing, it's luring traders to go | ||
382 | |381 |00:33:13 ~-~-> 00:33:20 |short, and it's probing for liquidity below This low. And anything that's | ||
383 | |382 |00:33:20 ~-~-> 00:33:24 |around here, they'll probe that and try to see if they can get that. But they | ||
384 | |383 |00:33:24 ~-~-> 00:33:28 |got a short term low here. They work below that and then rally back up inside | ||
385 | |384 |00:33:28 ~-~-> 00:33:32 |of that purple shaded area, which is the first displacement in the midnight | ||
386 | |385 |00:33:32 ~-~-> 00:33:38 |opening range. The market rallies back up trades to the high the opening range | ||
387 | |386 |00:33:39 ~-~-> 00:33:42 |at midnight here, then back down the consequent encroachment, consequent | ||
388 | |387 |00:33:42 ~-~-> 00:33:46 |encroachment. That's the red level, which is essentially just half of the | ||
389 | |388 |00:33:46 ~-~-> 00:33:50 |purple shaded area, which is this inefficiency. Now think about these are | ||
390 | |389 |00:33:50 ~-~-> 00:33:54 |all rule based ideas. Okay, it's not contrived. It's not conjecture. It's not | ||
391 | |390 |00:33:54 ~-~-> 00:33:58 |just pulling things out of randomness. These are things that I want you to go | ||
392 | |391 |00:33:58 ~-~-> 00:34:03 |back and look at your own charts. Okay, just watching this video and being | ||
393 | |392 |00:34:03 ~-~-> 00:34:06 |frustrated, saying there's no ways it's too complicated. I don't know what to do | ||
394 | |393 |00:34:06 ~-~-> 00:34:09 |with this. The information that you're going to glean by going back over old | ||
395 | |394 |00:34:09 ~-~-> 00:34:14 |data, old price moves, is going to be astronomical, like it's going to get | ||
396 | |395 |00:34:14 ~-~-> 00:34:17 |your gears turning, and you're going to be looking for these types of things and | ||
397 | |396 |00:34:17 ~-~-> 00:34:21 |how it's influential going forward. So we get to the lower that inefficiency | ||
398 | |397 |00:34:21 ~-~-> 00:34:28 |again. Here. What time of day is that? It's 241 that's London Open. You want to | ||
399 | |398 |00:34:28 ~-~-> 00:34:31 |be trading the london session? I said to you, can you please do a London session? | ||
400 | |399 |00:34:31 ~-~-> 00:34:36 |Can you talk about the london session? I'm doing it. I'm doing it. It's right | ||
401 | |400 |00:34:36 ~-~-> 00:34:41 |here. This is the stuff I was doing with pound, dollar, euro, dollar, and I was | ||
402 | |401 |00:34:41 ~-~-> 00:34:45 |smoking the forex market. I was smoking everybody else out there in their bull | ||
403 | |402 |00:34:45 ~-~-> 00:34:49 |crap that they believed that causes markets go up and down, because this | ||
404 | |403 |00:34:49 ~-~-> 00:34:54 |stuff works in forex too. Think about it, folks. You're | ||
405 | |404 |00:34:54 ~-~-> 00:35:00 |getting to see what really is going on behind the facade of just. Is technical | ||
406 | |405 |00:35:00 ~-~-> 00:35:07 |analysis. The source code is being revealed right here, right here. You | ||
407 | |406 |00:35:07 ~-~-> 00:35:12 |can't escape it. It's right in front of you. It's been hidden from you all this | ||
408 | |407 |00:35:12 ~-~-> 00:35:17 |time because you're not looking for the things that reveal it, because its | ||
409 | |408 |00:35:17 ~-~-> 00:35:22 |author never talked about it. So we're looking at this rallying higher. We took | ||
410 | |409 |00:35:22 ~-~-> 00:35:27 |this period of short term highs here, that buy side was taken here. And then | ||
411 | |410 |00:35:27 ~-~-> 00:35:31 |where does it go? Right back down into that first displacement in the opening | ||
412 | |411 |00:35:31 ~-~-> 00:35:36 |range at midnight creates a short term low. It trades below it again and goes | ||
413 | |412 |00:35:36 ~-~-> 00:35:40 |right to the lower quadrant. Look at that. You can't get any planer than | ||
414 | |413 |00:35:40 ~-~-> 00:35:44 |precision. Look at that. Look at the low. Okay, look up. Look up here. Look | ||
415 | |414 |00:35:44 ~-~-> 00:35:50 |at this value, right here. Okay, keep your eye on that right there. Okay, see | ||
416 | |415 |00:35:50 ~-~-> 00:35:55 |that low, right there. What's that low? 21,705.50 | ||
417 | |416 |00:36:01 ~-~-> 00:36:06 |now watch, watch, ready. We're gonna take our time travel way back here at | ||
418 | |417 |00:36:06 ~-~-> 00:36:10 |this random candlestick that was just picked out of the thin air. Right? | ||
419 | |418 |00:36:10 ~-~-> 00:36:20 |What's the value of the lower quadrant? 21,705.50, folks, Gen Wyckoff, all these | ||
420 | |419 |00:36:20 ~-~-> 00:36:24 |jokers from the old days, okay, that looked at charts, and they pointed to | ||
421 | |420 |00:36:24 ~-~-> 00:36:27 |things, and they said, This is what makes the markets go up and down, and | ||
422 | |421 |00:36:27 ~-~-> 00:36:30 |they only explain things. In hindsight, I'm giving you things that's going to | ||
423 | |422 |00:36:30 ~-~-> 00:36:33 |predict the future, and it's going to continuously predict the future, and I | ||
424 | |423 |00:36:33 ~-~-> 00:36:37 |don't want you to take my word for it. I want you to go back to your charts and | ||
425 | |424 |00:36:37 ~-~-> 00:36:42 |look for these signatures, because I put them there for you to see all the time. | ||
426 | |425 |00:36:44 ~-~-> 00:36:57 |Fine emphasis on time stops right there, because of selling pressure was abated, | ||
427 | |426 |00:36:57 ~-~-> 00:37:02 |and now buying pressure came in someone it's not, it's not, was not what's going | ||
428 | |427 |00:37:02 ~-~-> 00:37:05 |on, but it's a wonderful fairy tale. So the market does what? What is it going | ||
429 | |428 |00:37:05 ~-~-> 00:37:17 |to do here? What's it going to do? Delivers on 330 macro in london session. | ||
430 | |429 |00:37:17 ~-~-> 00:37:24 |Go back through my Forex lectures, I tell you very specifically, at 330 | ||
431 | |430 |00:37:25 ~-~-> 00:37:30 |that's your sweet spot. Don't take my word for it. Do not take my word for it | ||
432 | |431 |00:37:30 ~-~-> 00:37:34 |here. Don't just say, well, ICT said it in this video on January 7, 2025 No, no, | ||
433 | |432 |00:37:34 ~-~-> 00:37:43 |no, no, no. Go back through my lectures in the 2016 2017 and listen to what I'm | ||
434 | |433 |00:37:43 ~-~-> 00:37:49 |talking about. Listen to the old lectures that I did on Twitter in | ||
435 | |434 |00:37:49 ~-~-> 00:37:53 |Twitter spaces two years ago. I talked about first presented fair value gap, | ||
436 | |435 |00:37:53 ~-~-> 00:38:01 |just casually mentioning it, the astute trader, the apt pupils heard me say it, | ||
437 | |436 |00:38:01 ~-~-> 00:38:04 |and he took notes, and he said, What's he talking about me going to and they | ||
438 | |437 |00:38:04 ~-~-> 00:38:10 |all said, boom, they could see it. I dropped the breadcrumbs for many years. | ||
439 | |438 |00:38:11 ~-~-> 00:38:15 |But if the person that's sitting around and watching my video or listening to me | ||
440 | |439 |00:38:15 ~-~-> 00:38:21 |lecture, and they get drowned by the depth in the word salad that you think | ||
441 | |440 |00:38:21 ~-~-> 00:38:25 |I'm putting out here. I'm not talking to hear my voice. I'm talking to teach you. | ||
442 | |441 |00:38:26 ~-~-> 00:38:30 |But I'm also teaching in a way where only those individuals that really want | ||
443 | |442 |00:38:30 ~-~-> 00:38:34 |it and deserve because of their work ethic, they're going to get it. I'm not | ||
444 | |443 |00:38:34 ~-~-> 00:38:40 |interested in creating 123, copy me. Here's your plan, and there it is. Go, | ||
445 | |444 |00:38:40 ~-~-> 00:38:43 |run and make money, make books, sell courses and be a mentor and sell | ||
446 | |445 |00:38:43 ~-~-> 00:38:46 |mentorships for $1,000 to get in and never have to prove that you're a | ||
447 | |446 |00:38:46 ~-~-> 00:38:52 |trader. Now, come on, I'm not putting people in business like that. So at 330 | ||
448 | |447 |00:38:53 ~-~-> 00:38:58 |the market starts to run away from lower quadrant of the first was first | ||
449 | |448 |00:38:58 ~-~-> 00:39:02 |displacement in the midnight opening range, the market rallies aggressively | ||
450 | |449 |00:39:02 ~-~-> 00:39:08 |up to some random projected level, negative 0.5 and then creates a | ||
451 | |450 |00:39:09 ~-~-> 00:39:13 |retracement, makes a higher high, fails to take out the high, and then we trade | ||
452 | |451 |00:39:13 ~-~-> 00:39:19 |back down into the first displacement again, stops dead end at The high at | ||
453 | |452 |00:39:19 ~-~-> 00:39:25 |five o'clock now, London session is done. Okay? What's going to take place | ||
454 | |453 |00:39:25 ~-~-> 00:39:31 |now we focus on the day session. Now what we'll do is, we'll, we'll scrub | ||
455 | |454 |00:39:31 ~-~-> 00:39:41 |over to and jump right into the 930 session here, and notice how we traded | ||
456 | |455 |00:39:41 ~-~-> 00:39:49 |up in the electronic trading hours right ahead of the New York opening bell at | ||
457 | |456 |00:39:49 ~-~-> 00:39:55 |930 see how the price trades up here. Look at this. That's that negative one | ||
458 | |457 |00:39:55 ~-~-> 00:40:00 |standard deviation on the midnight opening range. See how that deliver. At | ||
459 | |458 |00:40:00 ~-~-> 00:40:05 |that, and then you have this nice turtle soup rally up, and then breaks down. You | ||
460 | |459 |00:40:05 ~-~-> 00:40:14 |see that? See that right there. Now, inside of this area here, okay, I want | ||
461 | |460 |00:40:14 ~-~-> 00:40:17 |to refer back to a reference point that's found in regular trading hours. | ||
462 | |461 |00:40:17 ~-~-> 00:40:22 |So if we go into regular trading hours, and I don't know. Again, if you have the | ||
463 | |462 |00:40:22 ~-~-> 00:40:26 |plan with trading view that allows you to see this, I'm not selling for them. | ||
464 | |463 |00:40:26 ~-~-> 00:40:29 |They offer me affiliate program. I denied and declined it. I'm not | ||
465 | |464 |00:40:29 ~-~-> 00:40:32 |interested in doing any affiliate because I want, again, my opinion about | ||
466 | |465 |00:40:32 ~-~-> 00:40:36 |things to be organic, and I'm not for sale, and you can't hire me. And if I | ||
467 | |466 |00:40:36 ~-~-> 00:40:39 |don't like your product, I'm going to say I don't like it. If I like your | ||
468 | |467 |00:40:39 ~-~-> 00:40:43 |product, I'm going to say I like it. I'm not asking for any kickbacks. Okay, so | ||
469 | |468 |00:40:43 ~-~-> 00:40:48 |we're gonna go to register trading hours real quick. And I want you to look at | ||
470 | |469 |00:40:48 ~-~-> 00:40:57 |this little area right here. You see that? So right here, that's the opening | ||
471 | |470 |00:40:58 ~-~-> 00:41:01 |price here, and the difference between where we settled previous day at | ||
472 | |471 |00:41:01 ~-~-> 00:41:07 |registrating hours. See that, boom, boom, those two reference points there. | ||
473 | |472 |00:41:08 ~-~-> 00:41:15 |So now watch if I highlight that volume imbalance, because that's what this is, | ||
474 | |473 |00:41:15 ~-~-> 00:41:22 |and I'm going to highlight that with this shaded color. Okay? Now, because I | ||
475 | |474 |00:41:22 ~-~-> 00:41:26 |have this here, I can go back to electronic trading hours. I know this | ||
476 | |475 |00:41:26 ~-~-> 00:41:31 |is, this is so complicated. ICT, this is hard, right? And that's why you, you | ||
477 | |476 |00:41:31 ~-~-> 00:41:37 |don't see anybody able to do the same things you see me do. He's such a | ||
478 | |477 |00:41:37 ~-~-> 00:41:42 |narcissist. Now, it's, I'm just telling you the truth, having this revenue | ||
479 | |478 |00:41:42 ~-~-> 00:41:48 |trading hours, reference point, volume of balance and extending it forward. And | ||
480 | |479 |00:41:48 ~-~-> 00:41:54 |we're going into the 930 opening here. The market takes a dive. Trades. Look | ||
481 | |480 |00:41:54 ~-~-> 00:42:00 |where the bodies are. You see that that's that midnight opening range. See | ||
482 | |481 |00:42:00 ~-~-> 00:42:05 |how it's did that. See how it's respecting that. Gann had nothing to do | ||
483 | |482 |00:42:05 ~-~-> 00:42:08 |with that. Wyckoff has nothing to do with it. Her cycles has nothing to do | ||
484 | |483 |00:42:08 ~-~-> 00:42:11 |with that. Sam Simon, supplying a man had nothing to do with that. Volume | ||
485 | |484 |00:42:11 ~-~-> 00:42:15 |profile had nothing to do with that. B wob had nothing to do with that. Nothing | ||
486 | |485 |00:42:15 ~-~-> 00:42:20 |to do with that. And the market does what it rallies right back up into that | ||
487 | |486 |00:42:20 ~-~-> 00:42:28 |same area. Look with the body, stop in my volume and bounds in my source code, | ||
488 | |487 |00:42:28 ~-~-> 00:42:34 |my reference point that I say you can go no further, you stop right here. And the | ||
489 | |488 |00:42:34 ~-~-> 00:42:39 |market breaks down once more. And it does something that I've taught in 2024 | ||
490 | |489 |00:42:41 ~-~-> 00:42:48 |and mentioned in audio, in Twitter spaces in the summer of 2022 in version | ||
491 | |490 |00:42:48 ~-~-> 00:42:54 |fair value gaps. Well, let's add that real quick. So the market's doing this. | ||
492 | |491 |00:42:54 ~-~-> 00:42:58 |It's going from here. And see, look at that volume imbalance. See the | ||
493 | |492 |00:42:58 ~-~-> 00:43:05 |difference between this candlesticks close and this candle sticks open, that | ||
494 | |493 |00:43:05 ~-~-> 00:43:09 |green candle here, there's a small little portion of price action right in | ||
495 | |494 |00:43:09 ~-~-> 00:43:17 |there. And let's take away this extent, right? We don't need that for here. And | ||
496 | |495 |00:43:17 ~-~-> 00:43:23 |if we look at that, that volume imbalance rate there. We have to use | ||
497 | |496 |00:43:23 ~-~-> 00:43:27 |that when we're referencing buy side and sell side imbalances. So this | ||
498 | |497 |00:43:27 ~-~-> 00:43:31 |inefficiency on the upside, normally we would expect it to trade back down, | ||
499 | |498 |00:43:31 ~-~-> 00:43:34 |because anyone that's watched my work, they'll say, oh, it's one of those fair | ||
500 | |499 |00:43:34 ~-~-> 00:43:38 |value gaps. It's simple. You just go in and you buy that. Wrong, wrong, wrong, | ||
501 | |500 |00:43:38 ~-~-> 00:43:44 |wrong. The idea is we already made a run and created the high, and then it bumped | ||
502 | |501 |00:43:44 ~-~-> 00:43:51 |it here at 930 the high today is getting rated. Then it grades lower. Everybody | ||
503 | |502 |00:43:51 ~-~-> 00:43:55 |wants a dog pile on and go short. And then they send it right back up to that | ||
504 | |503 |00:43:55 ~-~-> 00:44:01 |imbalance, that volume of balance. And then we have this move lower. And this | ||
505 | |504 |00:44:01 ~-~-> 00:44:05 |is an inversion fair value gap, so once we trade through it, coming right back | ||
506 | |505 |00:44:05 ~-~-> 00:44:10 |up into the bottom of it. Look at the bodies. Is the bodies respecting the | ||
507 | |506 |00:44:10 ~-~-> 00:44:16 |halfway point? Yes, you want proof. Let's do it. Here's the midline. Look at | ||
508 | |507 |00:44:16 ~-~-> 00:44:25 |the bodies stopping dead in its tracks. Boom. Lower. She goes lower. Okay, and | ||
509 | |508 |00:44:25 ~-~-> 00:44:31 |let's aim for 640 21,006, 40, and then we'll be content with something like | ||
510 | |509 |00:44:31 ~-~-> 00:44:35 |that. So we can go in here and do something like, I don't know, maybe | ||
511 | |510 |00:44:35 ~-~-> 00:44:44 |share some executions. And there we go, boom, and broken fair value gap and | ||
512 | |511 |00:44:45 ~-~-> 00:44:49 |taking profit, selling short two more, and then doing another quick recovery in | ||
513 | |512 |00:44:49 ~-~-> 00:44:56 |there. So we're seeing that we have no real interest. I'm sorry I said we went | ||
514 | |513 |00:44:56 ~-~-> 00:45:06 |short there. Me adding going long. So. Covered. Went long, went long, and then | ||
515 | |514 |00:45:06 ~-~-> 00:45:11 |sold the two contracts there. So I did two things there. I went short, and see | ||
516 | |515 |00:45:11 ~-~-> 00:45:21 |it there. Short, buying it back, and then going long, and going long. You can | ||
517 | |516 |00:45:21 ~-~-> 00:45:26 |see it right behind that right here, going along there and going along there, | ||
518 | |517 |00:45:26 ~-~-> 00:45:33 |and then feeling out of it right there. Because I wasn't content with holding I | ||
519 | |518 |00:45:33 ~-~-> 00:45:37 |wanted to see it come back up and bump into this, and then I was gonna reverse | ||
520 | |519 |00:45:37 ~-~-> 00:45:40 |and then add more, going short. But I didn't like what it was dealing so it is | ||
521 | |520 |00:45:40 ~-~-> 00:45:47 |what it is. So all in all, that was how I engaged today. I really wasn't going | ||
522 | |521 |00:45:47 ~-~-> 00:45:51 |to do anything this morning, but I figured, well, you know, this is pretty, | ||
523 | |522 |00:45:51 ~-~-> 00:45:54 |pretty easy. Let me just get in, get involved with it. But | ||
524 | |523 |00:45:55 ~-~-> 00:45:59 |in here, once we traded down into consequent crochet of the Midnight | ||
525 | |524 |00:46:01 ~-~-> 00:46:05 |opening range. It's a 30 minute interval between midnight and 1230, Eastern Time. | ||
526 | |525 |00:46:06 ~-~-> 00:46:11 |We went to consequent encroachment period, back up to the high, low, Quick | ||
527 | |526 |00:46:11 ~-~-> 00:46:17 |Price. It's touching What's this dash line? Remember that that's midnight | ||
528 | |527 |00:46:17 ~-~-> 00:46:26 |opening price, hour three. So we can say that right here. That's the high the | ||
529 | |528 |00:46:26 ~-~-> 00:46:31 |day. This candlestick, the open is here, and one more time they pass back up into | ||
530 | |529 |00:46:32 ~-~-> 00:46:38 |a premium. We break lower inversion, fair value gap. Michael gets short rise | ||
531 | |530 |00:46:38 ~-~-> 00:46:43 |all the way down, slices through the midnight opening range, and look what it | ||
532 | |531 |00:46:43 ~-~-> 00:46:48 |does. It leaves it aggressively. It's no longer interested in coming back to test | ||
533 | |532 |00:46:48 ~-~-> 00:46:52 |it as a resistance or premium array. That's what it's indicating. The | ||
534 | |533 |00:46:52 ~-~-> 00:47:00 |market's extremely heavy. So look for lower prices. So we can see the market | ||
535 | |534 |00:47:00 ~-~-> 00:47:07 |does, in fact, offer my 21,006 40, and it pushed down aggressively and with | ||
536 | |535 |00:47:07 ~-~-> 00:47:17 |slippage, 21,006 30. And then I did some reversal trading in here to try to scalp | ||
537 | |536 |00:47:17 ~-~-> 00:47:22 |a little bit, and was able to finesse a couple little points in there, but then | ||
538 | |537 |00:47:22 ~-~-> 00:47:26 |buried that idea quickly, because we couldn't even get up to this level here | ||
539 | |538 |00:47:26 ~-~-> 00:47:32 |where I wanted to go short and hold on to it for the rapid trading hours gap | ||
540 | |539 |00:47:33 ~-~-> 00:47:38 |that was afforded, you know, traders that were looking beyond just simply | ||
541 | |540 |00:47:38 ~-~-> 00:47:45 |yesterday's Opening range gap. So I told you I would look at things with the | ||
542 | |541 |00:47:45 ~-~-> 00:47:50 |forex market. So let's take a look at the Forex payer and forex.com That was | ||
543 | |542 |00:47:50 ~-~-> 00:47:56 |always the broker data feed I used when I was teaching Forex. And here's POUND | ||
544 | |543 |00:47:56 ~-~-> 00:48:02 |DOLLAR or cable as it's usually referred to by as forex traders. All right. So | ||
545 | |544 |00:48:02 ~-~-> 00:48:05 |now let's go back through real quick, because this is already a very, very | ||
546 | |545 |00:48:05 ~-~-> 00:48:09 |long video, and this is not what I intended to do, but I apologize. It's | ||
547 | |546 |00:48:09 ~-~-> 00:48:13 |just sometimes it's just going to be like that, right? I almost say, would | ||
548 | |547 |00:48:13 ~-~-> 00:48:18 |there be days like this? This guy loves himself too much. All right, so we're | ||
549 | |548 |00:48:18 ~-~-> 00:48:27 |looking at the same thing here. We're going to look at the midnight start | ||
550 | |549 |00:48:27 ~-~-> 00:48:34 |here. So we have midnight candle right there on a one minute chart. Notice that | ||
551 | |550 |00:48:34 ~-~-> 00:48:40 |here one minute, and then we're going to do the same thing with 1230 so that way | ||
552 | |551 |00:48:40 ~-~-> 00:48:45 |it'll give us the midnight opening range. So that's that's your range, | ||
553 | |552 |00:48:45 ~-~-> 00:48:49 |okay? And what you're doing is you're getting three reference points there. | ||
554 | |553 |00:48:49 ~-~-> 00:48:54 |You can add the fourth one being the highest high and the lowest low and the | ||
555 | |554 |00:48:54 ~-~-> 00:49:04 |opening price. But we're looking at this candlestick here, since it's a down | ||
556 | |555 |00:49:04 ~-~-> 00:49:08 |close candle, that means the open of that body is your midnight opening | ||
557 | |556 |00:49:08 ~-~-> 00:49:15 |price. So we're going to do this. So there's your midnight opening price for | ||
558 | |557 |00:49:15 ~-~-> 00:49:21 |power three, and then we're going to look at the low in between these two | ||
559 | |558 |00:49:21 ~-~-> 00:49:26 |vertical lines. What's the lowest? Low? Right here. All right. And then we'll | ||
560 | |559 |00:49:26 ~-~-> 00:49:32 |make this pretty little color purple. The Color Purple. That was a great | ||
561 | |560 |00:49:32 ~-~-> 00:49:38 |movie. I don't know if you guys watched that. That was one of the rule, let's | ||
562 | |561 |00:49:38 ~-~-> 00:49:42 |make it real beefy. That's one of the good movies that came out during the | ||
563 | |562 |00:49:42 ~-~-> 00:49:56 |80s, Whoopi Goldberg and number of other great actors were in that. All right, so | ||
564 | |563 |00:49:56 ~-~-> 00:50:06 |we have our opening range. At midnight, opening price below and the high. So | ||
565 | |564 |00:50:06 ~-~-> 00:50:12 |now, with this range here, what can we do? Well, we can grade it. That means we | ||
566 | |565 |00:50:12 ~-~-> 00:50:20 |do our run from low to high, okay? And it'll allow us to do what we can see, | ||
567 | |566 |00:50:20 ~-~-> 00:50:25 |price runs, and more specifically, inside this range, we're going to | ||
568 | |567 |00:50:25 ~-~-> 00:50:29 |highlight that so that way we can project it throughout the entirety of | ||
569 | |568 |00:50:29 ~-~-> 00:50:34 |the day, and we'll see how that is influential with price action. And let's | ||
570 | |569 |00:50:34 ~-~-> 00:50:42 |do it purple. We'll do it like that, and then we'll extend it to the right. Okay, | ||
571 | |570 |00:50:42 ~-~-> 00:50:54 |and then now, this here we can do things like run standard deviations off of | ||
572 | |571 |00:50:54 ~-~-> 00:51:01 |this, where there's one standard deviation, then we can do the | ||
573 | |572 |00:51:01 ~-~-> 00:51:06 |displacements, like, this is the first one here, so that's your first | ||
574 | |573 |00:51:06 ~-~-> 00:51:10 |displacement, higher, leaving this consolidation here. So you can take that | ||
575 | |574 |00:51:10 ~-~-> 00:51:14 |and project that into the day as well, kind of like, treat it like it's the | ||
576 | |575 |00:51:14 ~-~-> 00:51:20 |first presented fair value gap. And we'll make that white simply because it | ||
577 | |576 |00:51:20 ~-~-> 00:51:26 |should stand out now, okay, notice it's also encapsulating the opening price at | ||
578 | |577 |00:51:26 ~-~-> 00:51:31 |midnight. See that? So there's a couple things there that are agreeing, and also | ||
579 | |578 |00:51:31 ~-~-> 00:51:37 |this is consequent encroachment of this entire range at the midnight opening | ||
580 | |579 |00:51:37 ~-~-> 00:51:43 |range. So there's a couple things that are converging in their Confluence in | ||
581 | |580 |00:51:43 ~-~-> 00:51:52 |this little smaller range of price action. Let's scrunch this up. Okay, and | ||
582 | |581 |00:51:52 ~-~-> 00:51:53 |I want you to | ||
583 | |582 |00:51:59 ~-~-> 00:52:07 |you can see how we have the market reaching higher, and then it dies back | ||
584 | |583 |00:52:07 ~-~-> 00:52:14 |down into negative point five here, the bodies here, and then look what it | ||
585 | |584 |00:52:14 ~-~-> 00:52:21 |creates right there, relative equal lows. See that, that right there is a | ||
586 | |585 |00:52:21 ~-~-> 00:52:26 |trap. They're just letting that look like it's this real good support, and | ||
587 | |586 |00:52:26 ~-~-> 00:52:31 |then they rally higher up, takes us up into it looks like it's a standard | ||
588 | |587 |00:52:31 ~-~-> 00:52:38 |deviation, six and a half or six. Maybe it's through six and a half and six and | ||
589 | |588 |00:52:38 ~-~-> 00:52:45 |a half, and the market rolls away from that and then drops right down into, Oh, | ||
590 | |589 |00:52:45 ~-~-> 00:52:54 |what's this time? What time is this? What time is that? Right there? 329 in | ||
591 | |590 |00:52:54 ~-~-> 00:53:00 |forex. I taught you the sweet spot for London session is exactly 330 and that's | ||
592 | |591 |00:53:00 ~-~-> 00:53:04 |when the algorithm comes in, fires off and what's it doing? Oh, it's just | ||
593 | |592 |00:53:04 ~-~-> 00:53:09 |randomly trading down into that first presented fair value gap inside of the | ||
594 | |593 |00:53:09 ~-~-> 00:53:18 |Midnight opening range. Oh, my goodness, Virginia, I believe this young man's got | ||
595 | |594 |00:53:18 ~-~-> 00:53:22 |something here, and I don't think I've ever seen in any other person's books or | ||
596 | |595 |00:53:22 ~-~-> 00:53:32 |courses or mentorships? Look at this. And then takes off, no it rallies trades | ||
597 | |596 |00:53:32 ~-~-> 00:53:37 |right back down into the midnight opening range, and then sends price | ||
598 | |597 |00:53:37 ~-~-> 00:53:42 |higher, and then works off of the negative point five level and the | ||
599 | |598 |00:53:42 ~-~-> 00:53:48 |negative one level, and then rips through tears the face off of traders | ||
600 | |599 |00:53:48 ~-~-> 00:53:50 |that are short here, | ||
601 | |600 |00:53:55 ~-~-> 00:54:03 |way up here. So my question to you is, do you have a mentor that teaches you | ||
602 | |601 |00:54:03 ~-~-> 00:54:09 |how to take that trade with that degree of precision. It's not using my Smart | ||
603 | |602 |00:54:09 ~-~-> 00:54:18 |Money concepts. Bet you don't. I bet you they're asking for money, and you can | ||
604 | |603 |00:54:18 ~-~-> 00:54:22 |never find these types of trades in the logic behind it. So why are you paying | ||
605 | |604 |00:54:22 ~-~-> 00:54:27 |them? Why are you paying for those things? Huh, because you're getting it | ||
606 | |605 |00:54:27 ~-~-> 00:54:32 |the real direct way, right from the horse's mouth right here. So you can see | ||
607 | |606 |00:54:32 ~-~-> 00:54:36 |that there's a benefit, obviously, to having this information and knowing the | ||
608 | |607 |00:54:36 ~-~-> 00:54:42 |time, Okay, listen to me, the time that the trades should form and deliver. | ||
609 | |608 |00:54:43 ~-~-> 00:54:47 |That's how you don't have to trust that. I'm telling you there's an algorithm. | ||
610 | |609 |00:54:47 ~-~-> 00:54:50 |All you have to do is say, okay, he's given me these reference points to keep | ||
611 | |610 |00:54:50 ~-~-> 00:54:55 |looking for it. Do these things keep repeating? Yes, and they're not found in | ||
612 | |611 |00:54:55 ~-~-> 00:55:03 |anything else. It's the wonderful thing. Saying I stand on that all the time, and | ||
613 | |612 |00:55:03 ~-~-> 00:55:07 |many times it's people's throats that I'm standing on because they want to | ||
614 | |613 |00:55:07 ~-~-> 00:55:11 |fight it. They want to argue, and they say that you can't be that guy. You | ||
615 | |614 |00:55:11 ~-~-> 00:55:16 |can't know these things. And you didn't make it. You rebranded it from someone | ||
616 | |615 |00:55:16 ~-~-> 00:55:22 |else, and you got $5 million direct wire from me, if you can go through anybody | ||
617 | |616 |00:55:22 ~-~-> 00:55:32 |else's stuff and find this, because it's not there, 1996 codified. Oh, Michael, | ||
618 | |617 |00:55:32 ~-~-> 00:55:37 |so anyway, the market trades lower, and what does it do here? Comes all the way | ||
619 | |618 |00:55:37 ~-~-> 00:55:42 |back down into this area here. Look at this. Look at the bodies respecting. | ||
620 | |619 |00:55:43 ~-~-> 00:55:49 |It's almost like it's been told behaved this way. And then it rips outside of | ||
621 | |620 |00:55:49 ~-~-> 00:55:53 |it, which is normal. It's in introducing the idea that, okay, it's going to keep | ||
622 | |621 |00:55:53 ~-~-> 00:55:57 |going lower. And then it doesn't. It comes right back into the range. Works | ||
623 | |622 |00:55:57 ~-~-> 00:56:02 |the upper quadrant level. And look at the bodies. Look at that lower quadrant | ||
624 | |623 |00:56:02 ~-~-> 00:56:11 |level, rips higher, comes right back to the opening range at midnight. Look at | ||
625 | |624 |00:56:11 ~-~-> 00:56:16 |that. Isn't that beautiful? Isn't that beautiful? Seriously, all silliness put | ||
626 | |625 |00:56:16 ~-~-> 00:56:21 |aside. Isn't that just beautiful? If it's going to come back down here and go | ||
627 | |626 |00:56:21 ~-~-> 00:56:24 |higher, what's the easiest low hanging fruit objective, if you're a forex | ||
628 | |627 |00:56:24 ~-~-> 00:56:28 |trader and you want to trade that at eight in the morning during the New York | ||
629 | |628 |00:56:28 ~-~-> 00:56:38 |open kill zone, remember that here's my side. It's easy trade from here to | ||
630 | |629 |00:56:38 ~-~-> 00:56:48 |there. Booked, done, done and dusted. There's so many setups here, so many | ||
631 | |630 |00:56:48 ~-~-> 00:56:53 |things that you can build off of. But the main thing is this, are you looking | ||
632 | |631 |00:56:53 ~-~-> 00:56:58 |for the moves that really like to launch and take off and rip the faces of | ||
633 | |632 |00:56:58 ~-~-> 00:57:03 |traders that don't know any better? That's how I'm teaching you. That's | ||
634 | |633 |00:57:03 ~-~-> 00:57:08 |exactly what I'm showing you right here. Daddy's pulled back the veil and showed | ||
635 | |634 |00:57:08 ~-~-> 00:57:16 |you who's really informed, because the price is always delivered by a time | ||
636 | |635 |00:57:16 ~-~-> 00:57:22 |based delivery mechanism. That is the algorithm. It's not buying and selling | ||
637 | |636 |00:57:22 ~-~-> 00:57:27 |pressure. Convince me seriously. Convince me that buyers and sellers are | ||
638 | |637 |00:57:27 ~-~-> 00:57:32 |using these reference points because no one else has thought about it. So where | ||
639 | |638 |00:57:32 ~-~-> 00:57:37 |is it coming from? I didn't get it from anyone else. I didn't borrow the logic | ||
640 | |639 |00:57:37 ~-~-> 00:57:43 |from anyone else. I didn't rebrand it. I didn't borrow the concepts from someone | ||
641 | |640 |00:57:43 ~-~-> 00:57:46 |else and say, let me make a name for myself and call it something else. | ||
642 | |641 |00:57:47 ~-~-> 00:57:53 |That'd be foolish. That would be foolish of anyone, especially someone like | ||
643 | |642 |00:57:53 ~-~-> 00:57:58 |myself. I have a very large following. You would think out of 1.5 million | ||
644 | |643 |00:57:58 ~-~-> 00:58:01 |people that are just subscribers, and I have most of the people that leave | ||
645 | |644 |00:58:01 ~-~-> 00:58:04 |comments in my videos aren't even subscribed to my channel, so that tells | ||
646 | |645 |00:58:04 ~-~-> 00:58:09 |you there's a whole lot more followers of the concepts and videos that I | ||
647 | |646 |00:58:09 ~-~-> 00:58:14 |produce. We're in the millions, and those millions can't come forward with | ||
648 | |647 |00:58:14 ~-~-> 00:58:19 |the evidence that this is somebody else's stuff. Come on, I've invited you | ||
649 | |648 |00:58:19 ~-~-> 00:58:22 |to do it, and I told you I'd reward you, because I just it's a safe trade. I'm | ||
650 | |649 |00:58:23 ~-~-> 00:58:26 |never going to have to put that $5 million in anybody's hands, because I | ||
651 | |650 |00:58:26 ~-~-> 00:58:34 |made this, I codified this, it's mine, and it's because it's mine. I feel | ||
652 | |651 |00:58:34 ~-~-> 00:58:38 |entitled to be able to share it, despite what anyone else might think about that. | ||
653 | |652 |00:58:40 ~-~-> 00:58:45 |So that's why I do it. The market does, in fact trade up here and takes that buy | ||
654 | |653 |00:58:45 ~-~-> 00:58:50 |side out. And we do, in fact have a one hour video, so it takes the buy side out | ||
655 | |654 |00:58:50 ~-~-> 00:58:54 |here, consolidates, is all time distortion, and then we have the market | ||
656 | |655 |00:58:54 ~-~-> 00:58:58 |drop down here. What's coming at 10 o'clock? Well, if you look at the | ||
657 | |656 |00:58:58 ~-~-> 00:59:04 |economic calendar, we had the ISM PMI number, and we had the jolts number at | ||
658 | |657 |00:59:04 ~-~-> 00:59:07 |10am Eastern Time. Then that's what we're seeing here. The market dives | ||
659 | |658 |00:59:07 ~-~-> 00:59:11 |down, and then at 10 o'clock it does what it wicks through up to this Sibi | ||
660 | |659 |00:59:12 ~-~-> 00:59:18 |here, which is also a breaker, high, low, higher, high. There's your breaker. | ||
661 | |660 |00:59:18 ~-~-> 00:59:23 |The trade right into that hammered. It just the wick outside, because the wicks | ||
662 | |661 |00:59:23 ~-~-> 00:59:27 |are allowed to do the damage, and then the market breaks aggressively lower. | ||
663 | |662 |00:59:28 ~-~-> 00:59:33 |And it's almost like it was telling it way in advance, at midnight, that it | ||
664 | |663 |00:59:33 ~-~-> 00:59:37 |wants to do these types of things. But I'll leave that up to you whether it | ||
665 | |664 |00:59:37 ~-~-> 00:59:40 |decide there's any value in this. But this is one of the tools I used when I | ||
666 | |665 |00:59:40 ~-~-> 00:59:44 |was doing Forex, and I didn't want to teach it to anybody, because it's just a | ||
667 | |666 |00:59:44 ~-~-> 00:59:50 |secret weapon. It's one of the things that source code handlers, let's say it | ||
668 | |667 |00:59:50 ~-~-> 00:59:56 |that way, they have that advantage, and all of your best moves are going to | ||
669 | |668 |00:59:56 ~-~-> 01:00:00 |springboard off of things like this. And I have lots of these types. Of things. | ||
670 | |669 |01:00:00 ~-~-> 01:00:07 |This is just one more of those 81 PD arrays that unfortunately puts me in a | ||
671 | |670 |01:00:07 ~-~-> 01:00:11 |different category of technician. Puts me in a different category of | ||
672 | |671 |01:00:11 ~-~-> 01:00:18 |visibility, because I don't see open, high, low and close. I see what the | ||
673 | |672 |01:00:18 ~-~-> 01:00:24 |algorithm is doing. I see the reference points is going to go back to today, in | ||
674 | |673 |01:00:24 ~-~-> 01:00:31 |the afternoon, tomorrow, next week, next month. That's what separates me, and | ||
675 | |674 |01:00:31 ~-~-> 01:00:36 |that's what makes me inner circle trader. That's what makes me that those | ||
676 | |675 |01:00:36 ~-~-> 01:00:41 |things I will never handle, those advantages to anyone else, my children | ||
677 | |676 |01:00:41 ~-~-> 01:00:45 |will see them, but even in their hands with me teaching them, they're seeing | ||
678 | |677 |01:00:45 ~-~-> 01:00:55 |how it's not easy. It's not easy to have what I have. It's not easy. And it's | ||
679 | |678 |01:00:55 ~-~-> 01:00:57 |normal for you to see all these things and say, Man, this is really | ||
680 | |679 |01:00:57 ~-~-> 01:01:00 |complicated, but here's how you should take this information and go forward | ||
681 | |680 |01:01:00 ~-~-> 01:01:04 |with it. Okay, and then I'll close it. I want you to think about how we're | ||
682 | |681 |01:01:04 ~-~-> 01:01:10 |finding the framework with this information, the opening range gap. We | ||
683 | |682 |01:01:10 ~-~-> 01:01:14 |thought about that yesterday. Wasn't the first time I talked about it, but that's | ||
684 | |683 |01:01:14 ~-~-> 01:01:21 |your first beginning point. The framework that you use around opening | ||
685 | |684 |01:01:21 ~-~-> 01:01:27 |range gaps is derived by the midnight opening range. That's the 12 o'clock to | ||
686 | |685 |01:01:27 ~-~-> 01:01:33 |1230 eastern time before you even wake up the trade in New York session. You | ||
687 | |686 |01:01:33 ~-~-> 01:01:37 |should have at least referred back to that, that area of price action, and | ||
688 | |687 |01:01:37 ~-~-> 01:01:41 |carry forward that information like you're seeing right here, every | ||
689 | |688 |01:01:41 ~-~-> 01:01:49 |significant price run, I promise you. I promise you, every significant price run | ||
690 | |689 |01:01:49 ~-~-> 01:01:55 |that's worth its measure in terms of significance, the move that every trader | ||
691 | |690 |01:01:55 ~-~-> 01:02:01 |wants to be a part of, that's where my PDA race shine. They just they ferret | ||
692 | |691 |01:02:01 ~-~-> 01:02:07 |out all those types of moves, and nobody else's concepts can ever brag that fact | ||
693 | |692 |01:02:07 ~-~-> 01:02:11 |they can't do it. There's nothing close to what you're learning from me, not | ||
694 | |693 |01:02:12 ~-~-> 01:02:19 |even remotely in the same vicinity. We're light years above and beyond and | ||
695 | |694 |01:02:19 ~-~-> 01:02:28 |outside the reach of anyone else out there. And this is nothing still. This | ||
696 | |695 |01:02:28 ~-~-> 01:02:34 |is still nothing. If this was something you would learn in grade school, I have | ||
697 | |696 |01:02:34 ~-~-> 01:02:41 |things that are PhD and mastery level, and this is like first grade. That's how | ||
698 | |697 |01:02:41 ~-~-> 01:02:47 |deep this goes. That's how much precision and time based, oriented price | ||
699 | |698 |01:02:47 ~-~-> 01:02:55 |delivery, just like that, all scripted, all coded, all codified. It'd be one | ||
700 | |699 |01:02:55 ~-~-> 01:03:01 |thing if I said it and never proved that I could use the logic, but I showed it | ||
701 | |700 |01:03:01 ~-~-> 01:03:04 |to you last night. I have students all the time. Can you show me London? Can | ||
702 | |701 |01:03:04 ~-~-> 01:03:07 |you do something with London? We you keep promising London? London. I just | ||
703 | |702 |01:03:07 ~-~-> 01:03:12 |gave you the golden ticket to trade in the London session. You don't ever need | ||
704 | |703 |01:03:12 ~-~-> 01:03:15 |to have me talk about the london session ever again with everything I've taught | ||
705 | |704 |01:03:15 ~-~-> 01:03:20 |in the 2016 2017 paid premium mentorship lectures that I've uploaded to this | ||
706 | |705 |01:03:20 ~-~-> 01:03:23 |YouTube channel. Go look at the playlist. You'll see it. Go through all | ||
707 | |706 |01:03:23 ~-~-> 01:03:26 |that content if you want to be a forex trader, and then apply what I just | ||
708 | |707 |01:03:26 ~-~-> 01:03:34 |shared with you the night here. You will be unstoppable. You will be a force to | ||
709 | |708 |01:03:34 ~-~-> 01:03:37 |be reckoned with. And you're not even going to be able to accept the fact that | ||
710 | |709 |01:03:37 ~-~-> 01:03:40 |you now have this visibility. It's going to be years and you're gonna be still | ||
711 | |710 |01:03:40 ~-~-> 01:03:44 |looking at thinking, Man, look what I can do. Look what I can see. Look at the | ||
712 | |711 |01:03:44 ~-~-> 01:03:51 |visibility right now. Imagine going almost 30 years with that information | ||
713 | |712 |01:03:51 ~-~-> 01:03:52 |behind your belt, | ||
714 | |713 |01:03:54 ~-~-> 01:03:58 |walking among everyone else that thinks they know what they're doing, how these | ||
715 | |714 |01:03:58 ~-~-> 01:04:03 |markets book price, laughing under your breath because they are thinking these | ||
716 | |715 |01:04:03 ~-~-> 01:04:06 |things go up and down based on indicators, or buying and selling | ||
717 | |716 |01:04:06 ~-~-> 01:04:12 |pressure, or V wop, or all this market profile garbage, all of that stuff. | ||
718 | |717 |01:04:13 ~-~-> 01:04:17 |They're all lies that make you believe that you have an advantage in something | ||
719 | |718 |01:04:17 ~-~-> 01:04:21 |that's random, and they train you to believe that when you lose Well, it's | ||
720 | |719 |01:04:21 ~-~-> 01:04:29 |just something you have to accept. I don't accept that you don't accept that | ||
721 | |720 |01:04:29 ~-~-> 01:04:34 |you are welcome to accept that you are welcome to use flawed logic. I have at | ||
722 | |721 |01:04:34 ~-~-> 01:04:41 |it. Have at it. Trust in knowing that me and my students are going to appreciate | ||
723 | |722 |01:04:41 ~-~-> 01:04:45 |the fact that you are on the other side of our trades, and if that sounds | ||
724 | |723 |01:04:45 ~-~-> 01:04:51 |condescending and narcissistic and arrogant, so be it. The lion never | ||
725 | |724 |01:04:52 ~-~-> 01:04:58 |apologizes when it eats so hopefully you found this one insightful until I talk | ||
726 | |725 |01:04:58 ~-~-> 01:05:01 |to you tomorrow. Lord willing. Know, be safe and. |