1 | 00:00:12 --> 00:00:18 | ICT: Hi, folks, how are you having a bit of insomnia? Myself, as some of you |
2 | 00:00:18 --> 00:00:26 | know, I have a very bad act. Motorcycle eaten three in 2009 and I've been |
3 | 00:00:27 --> 00:00:35 | battling it for the last week. So looking at the POUND DOLLAR here, it's a |
4 | 00:00:35 --> 00:00:39 | five minute chart I just popped on just to see what |
5 | 00:00:40 --> 00:00:46 | was available, and looks like we had a Juda swing here, taking out in the buy |
6 | 00:00:46 --> 00:00:57 | side here. So let's take annotate it. Everything above what just happened? |
7 | 00:01:00 --> 00:01:05 | Yeah, so the this low here, going into this buy side of balance, cell sign in |
8 | 00:01:05 --> 00:01:12 | efficiency, we have cell side stacked here, here, below that low and here. So |
9 | 00:01:12 --> 00:01:15 | what I'm watching is is this last up close candle on the five minute |
10 | 00:01:22 --> 00:01:28 | chart. Draw that down here, and then we'll drop down into a limited chart. |
11 | 00:01:29 --> 00:01:34 | Make this nice and easy. So what I want to see it do is I want to see it trade |
12 | 00:01:34 --> 00:01:36 | below that. Now notice all these candles here. |
13 | 00:01:39 --> 00:01:42 | It's that five minute short block. |
14 | 00:01:44 --> 00:01:48 | You see how using just the one minute chart, it could be confusing. You might |
15 | 00:01:48 --> 00:01:54 | think that this is the bear short block. The trade up to go short from I'm not |
16 | 00:01:54 --> 00:02:01 | looking or requiring to that it can but I'm not requiring that if it were to |
17 | 00:02:01 --> 00:02:07 | just roll over and never trade up to this candle sticks open. If it broke |
18 | 00:02:07 --> 00:02:10 | below there and came back up and touched it, that would be enough for me to |
19 | 00:02:11 --> 00:02:15 | anticipate a run below these relative equal loads and into this by side |
20 | 00:02:15 --> 00:02:20 | available cell side efficiency, which is a discount array at the present. Now, I |
21 | 00:02:20 --> 00:02:27 | like the idea of it trading down here, then coming up to engage all this buy |
22 | 00:02:27 --> 00:02:28 | side resting about here. |
23 | 00:02:32 --> 00:02:38 | So just for completeness sake, let me annotate the |
24 | 00:02:41 --> 00:02:45 | some of you guys are probably missing the ASMR of the loud clicking surface |
25 | 00:02:48 --> 00:02:58 | being pressed on the built in service prototype your laptop. It's real quiet, |
26 | 00:02:58 --> 00:03:00 | except for the fan running on it right |
27 | 00:03:04 --> 00:03:09 | now, so we'll see what we see here. Again, like I said, I'm not interested |
28 | 00:03:09 --> 00:03:13 | in requiring price to trade up there. If it does, I'll I'll enter there on the |
29 | 00:03:13 --> 00:03:18 | short let me look looking at more or less a run here, and then come back and |
30 | 00:03:18 --> 00:03:25 | touch this line, which is again, that five minute bearish water block opening |
31 | 00:03:25 --> 00:03:26 | price. |
32 | 00:03:38 --> 00:03:44 | So part of the spot, side of balance, outside of efficiency. If you'd look at |
33 | 00:03:44 --> 00:03:50 | it like this, I just picked up on my Yeah, there we |
34 | 00:03:57 --> 00:04:00 | go. That's what we're looking for. I'm uh, |
35 | 00:04:03 --> 00:04:06 | folks that are watching and thinking, why would you want to go short there? |
36 | 00:04:06 --> 00:04:10 | Why wouldn't you want to see it long to go and get those relative equal highs? |
37 | 00:04:11 --> 00:04:19 | Well, it's the day of the week. It's Friday. It is also this run up they they |
38 | 00:04:19 --> 00:04:23 | can leave this here for later today or to next week. It's fine, |
39 | 00:04:24 --> 00:04:32 | but I think that this taking out these lows here, that's a shift time market |
40 | 00:04:32 --> 00:04:35 | structure, all right, so now we have this set up primed. |
41 | 00:04:40 --> 00:04:45 | I could do it as a limit order, but just to prove to that market replay, because |
42 | 00:04:45 --> 00:04:46 | I know some of these, |
43 | 00:04:47 --> 00:04:52 | these noobs that watch my stuff, they think that I'm doing Market Replay, |
44 | 00:04:52 --> 00:04:56 | Market Replay will not let you show this up here. Okay, test it for yourself. Do. |
45 | 00:05:00 --> 00:05:04 | This is the part that makes it very difficult for new students or new |
46 | 00:05:04 --> 00:05:10 | traders. They don't wait for their setup. They they simply try to |
47 | 00:05:10 --> 00:05:13 | anticipate the setup because they're afraid they're going to miss the move. |
48 | 00:05:13 --> 00:05:16 | I'm not afraid of missing the move because there's lots of moves intraday, |
49 | 00:05:16 --> 00:05:22 | so we're trading down into the low of this buy side of balance, outside |
50 | 00:05:22 --> 00:05:26 | efficiency that I'm anticipating behaving as a inversion of everybody |
51 | 00:05:26 --> 00:05:35 | gap. Obviously, we not trade up into this candlesticks opening price, which |
52 | 00:05:35 --> 00:05:45 | most individuals on Instagram, tick tock and YouTube, Facebook, X, Discord, you |
53 | 00:05:45 --> 00:05:50 | name it. Uh, Telegram, they'll, they'll say, this is the bear short clock. It's |
54 | 00:05:50 --> 00:05:56 | not okay. And unfortunately, you know, just because they use my vocabulary |
55 | 00:05:56 --> 00:06:00 | doesn't always equate to understanding what it is that they're trying to cruise |
56 | 00:06:00 --> 00:06:00 | upon you |
57 | 00:06:00 --> 00:06:06 | as proud. It's not it's not there. That's why they live in hindsight. So |
58 | 00:06:06 --> 00:06:07 | the |
59 | 00:06:08 --> 00:06:12 | the return up into this candles that's open, that would be permissible too. So |
60 | 00:06:12 --> 00:06:16 | it doesn't necessarily need to trade here. So what's in close proximity to |
61 | 00:06:16 --> 00:06:20 | that line? Again, this line is the five minute last of closed candles opening |
62 | 00:06:20 --> 00:06:25 | price inside of this price run that's seen on the one minute |
63 | 00:06:32 --> 00:06:35 | chart. Notice this line here. I know it's very hard to see. Let me, let me |
64 | 00:06:35 --> 00:06:36 | darken it up a little bit. |
65 | 00:06:42 --> 00:06:56 | I'm it's not much of a darkening, is it? Let me see we go. We want to |
66 | 00:06:56 --> 00:07:02 | see price stay in this portion of this positive outside efficiency, there's no |
67 | 00:07:02 --> 00:07:05 | necessity for price to get up into this area here, which is the reason why I |
68 | 00:07:05 --> 00:07:08 | wasn't interested in that is a bearish order block on the limited |
69 | 00:07:12 --> 00:07:14 | chart, this little gap in here that's |
70 | 00:07:14 --> 00:07:18 | enough to send it lower, and it could just leave without touching the order |
71 | 00:07:18 --> 00:07:21 | block. So |
72 | 00:07:26 --> 00:07:31 | what I'll do is I'll wait for it to touch the blow of that. That's what else |
73 | 00:07:31 --> 00:07:36 | outside of efficiency. I'll put one on in as a |
74 | 00:07:37 --> 00:07:41 | insurance policy, in the event it just runs away without me going to the order |
75 | 00:07:41 --> 00:07:50 | block, at least, I have something on the not yet. You got to be patient, |
76 | 00:07:52 --> 00:07:57 | watching the candlestick. There you go. That's what I want. So now, |
77 | 00:08:00 --> 00:08:05 | small position like this, we can put a stop just above consequence of this |
78 | 00:08:05 --> 00:08:10 | bison of all cell sign, efficiency. It's really, really modest risk there. So now |
79 | 00:08:10 --> 00:08:14 | I can wait to see if, if you'll permit me, I'm going to take the |
80 | 00:08:20 --> 00:08:28 | I'm Yeah, |
81 | 00:08:29 --> 00:08:33 | stations off on the executions. I'll keep I'll, I'll place them back on a |
82 | 00:08:33 --> 00:08:35 | second. I just want to watch inside this price action, |
83 | 00:08:39 --> 00:08:42 | explaining it before |
84 | 00:08:42 --> 00:08:49 | you do it is a handicap. So it's not as easy as it makes people think. When I'm |
85 | 00:08:49 --> 00:08:53 | doing it, it takes a great deal of focus, and you have to understand what |
86 | 00:08:53 --> 00:08:57 | you're looking for. You have to have a really solid understanding about what |
87 | 00:08:57 --> 00:09:01 | you're looking for. Otherwise, it's very hard to stay focused, and that's why |
88 | 00:09:01 --> 00:09:07 | it's very difficult to teach live. It's very difficult to especially using lower |
89 | 00:09:07 --> 00:09:09 | time frame charts like this. |
90 | 00:09:11 --> 00:09:12 | It's hard to articulate |
91 | 00:09:13 --> 00:09:19 | every facet that is going into the idea that leads to a trade setup and and or |
92 | 00:09:19 --> 00:09:23 | execution and framing risk and whatnot. So |
93 | 00:09:28 --> 00:09:34 | we were looking for a trades out like that. That's a pretty good return. It's |
94 | 00:09:34 --> 00:09:36 | about three to one. Let me see if I can |
95 | 00:09:38 --> 00:09:49 | finesse this a little bit. I that's a little bit better. So now, because this |
96 | 00:09:49 --> 00:09:55 | is a inversion fair value gap, if we can come back up and touch that one more |
97 | 00:09:55 --> 00:10:02 | time, or inside this wick, okay. If you can trade up inside that, I'll add |
98 | 00:10:04 --> 00:10:12 | one more portion of 750,000 leveraged on the short. |
99 | 00:10:15 --> 00:10:19 | Again, it's not Market Replay. Market Replay won't show this up here. I'm |
100 | 00:10:41 --> 00:10:42 | a bit more. |
101 | 00:10:48 --> 00:10:54 | See this is Hey, Joe, all right, and the staff will stay there. Still very, very |
102 | 00:10:54 --> 00:10:55 | modest risk. I |
103 | 00:11:04 --> 00:11:10 | I need to simply just let it cook. |
104 | 00:11:11 --> 00:11:14 | Now, I'd like to see it break below. See this wick here, |
105 | 00:11:15 --> 00:11:20 | and all of this little consolidation area this wick, it's consequent |
106 | 00:11:20 --> 00:11:22 | encouragement this level here, |
107 | 00:11:26 --> 00:11:31 | right there. I want to see price gravitate aggressively to this and |
108 | 00:11:31 --> 00:11:35 | through this. If they can manage to do that and close below it, then that is a |
109 | 00:11:35 --> 00:11:42 | very good encouragement. It allows me to feel confident that these relative equal |
110 | 00:11:42 --> 00:11:45 | loads will be taken. How far can it go below those relative equal loads? Well, |
111 | 00:11:45 --> 00:11:51 | we've referred back to that five minute chart, and that's that bicep balance |
112 | 00:11:51 --> 00:11:56 | outside efficiency down here. So I'm going to go back out to a five minute |
113 | 00:11:56 --> 00:11:58 | chart so you can see where we're at and we get to lay the |
114 | 00:12:00 --> 00:12:07 | land this one over here, this fair value gap. It's a bicycle balance cell sign in |
115 | 00:12:07 --> 00:12:11 | efficiency, and it's below this low, |
116 | 00:12:12 --> 00:12:17 | this low, this low. Yes, we've already stabbed down through it, but look at the |
117 | 00:12:17 --> 00:12:23 | body. See what it did here, basically lined up with this low and this low. So |
118 | 00:12:23 --> 00:12:30 | whenever I see something like that, and I can, I guess, build a narrative that |
119 | 00:12:30 --> 00:12:36 | it's likely to go lower still, then I look at this as a shallow run into |
120 | 00:12:36 --> 00:12:42 | liquidity. So therefore, I would expect a deeper run lower, and where would that |
121 | 00:12:42 --> 00:12:46 | go below this low and into this inefficiency? That's a discount array. |
122 | 00:12:47 --> 00:12:54 | Okay, so back to a one minute chart. Now, if it can touch this five minute, |
123 | 00:12:55 --> 00:13:00 | I'll add one more and leave the stop as it is, banking on the idea that we've |
124 | 00:13:00 --> 00:13:05 | already did the working over half of this inversion fair value gap, that |
125 | 00:13:05 --> 00:13:10 | dashed line here, that's that's a line in the sand that you shall not cross. |
126 | 00:13:10 --> 00:13:14 | Why? How do I know that? Because we spent a lot of time here, and then we |
127 | 00:13:14 --> 00:13:20 | dropped lower and outside of it. So all I'm looking for is a return, back into |
128 | 00:13:20 --> 00:13:24 | this, which was the original premise. If it would have given me earlier, I'd be |
129 | 00:13:24 --> 00:13:28 | short from there. But now, since it's still offering it to me, I'm not looking |
130 | 00:13:28 --> 00:13:33 | at this as a long let's put it that way. I'm looking for this as a return to a |
131 | 00:13:33 --> 00:13:37 | short term premium, and then it should aggressively drive out of that, and then |
132 | 00:13:37 --> 00:13:41 | gravitate to and through this consequent approach in that wick, because it's the |
133 | 00:13:41 --> 00:13:48 | extreme low that would set the stage for continuation below here. I don't need |
134 | 00:13:48 --> 00:13:53 | the trade below the low of the wick. I needed to trade through and close below |
135 | 00:13:53 --> 00:14:00 | the consequent crochet of that wick, if it drops here, without even going back |
136 | 00:14:00 --> 00:14:04 | to the five minute bearish order block opening price, which, again, let me show |
137 | 00:14:04 --> 00:14:05 | you. |
138 | 00:14:07 --> 00:14:11 | It's this candlestick right there. Okay, that opening price, that's what you're |
139 | 00:14:11 --> 00:14:22 | watching me observe and execute on. So one more tap into this. I'll add because |
140 | 00:14:22 --> 00:14:24 | I feel confident that we're about to break aggressively lower. |
141 | 00:14:32 --> 00:14:35 | Nothing wrong with taking a little bit of heat on your trades, as long as |
142 | 00:14:35 --> 00:14:40 | everything that you're seeing still is in the in the correct context of what |
143 | 00:14:40 --> 00:14:46 | took place before you took to trade and executed on it, meaning that as long as |
144 | 00:14:46 --> 00:14:52 | it doesn't go above here, everything that sees price go up into that price |
145 | 00:14:52 --> 00:15:02 | level is completely permissible, like that. So. Okay, so now it should really |
146 | 00:15:02 --> 00:15:06 | strongly reject that, because we didn't get to that five minute bearish order |
147 | 00:15:06 --> 00:15:14 | blocks opening price that's at this line is okay, and we went back up into this |
148 | 00:15:14 --> 00:15:19 | entire range that shaded in orange is this bison to balance outside efficiency |
149 | 00:15:20 --> 00:15:25 | and the lower half of this is where the real work of the algorithm is |
150 | 00:15:30 --> 00:15:37 | elusive. Nobody wants to believe exists. Algorithm supposed to be buying and |
151 | 00:15:37 --> 00:15:45 | selling pressure. That's what they tell you, right? So I'm viewing it like this. |
152 | 00:15:45 --> 00:15:45 | I |
153 | 00:15:48 --> 00:15:52 | could be honest with you, I'm I'm anticipating all the noise that usually |
154 | 00:15:52 --> 00:15:58 | comes with me pressing my mouse. It's not there. So it's, it's something I'm |
155 | 00:15:58 --> 00:16:02 | getting used to. Some of you are very appreciative of it because you hated |
156 | 00:16:02 --> 00:16:08 | that sound all the time. You need a new mouse. No, you need to accept the fact |
157 | 00:16:08 --> 00:16:11 | that some people were going to make their content the way they want to make |
158 | 00:16:11 --> 00:16:13 | it. To be honest, you kind of miss it. Do. |
159 | 00:16:26 --> 00:16:28 | Because I'm bearish, |
160 | 00:16:29 --> 00:16:32 | and it's a scalp. It's not like I'm trying to call the topping POUND DOLLAR, |
161 | 00:16:32 --> 00:16:36 | that it should just fall out of bed, you know, for 1000 you know, pips or |
162 | 00:16:36 --> 00:16:41 | whatever. I'm suggesting that it's just going to run down into these lows, into |
163 | 00:16:41 --> 00:16:49 | an old inefficiency that's a discount. And then it could set this stage to then |
164 | 00:16:49 --> 00:16:55 | go back up into this area here, either today or next week. Now we want to see |
165 | 00:16:55 --> 00:17:00 | aggressively drop down here and attack that consequent encouragement that WIC i |
166 | 00:17:20 --> 00:17:30 | the obsessive compulsiveness, if you believe it won't allow me to not get |
167 | 00:17:30 --> 00:17:30 | $3,000 |
168 | 00:17:31 --> 00:17:35 | of this lemon. So I'm trying to squeeze a little bit more of |
169 | 00:17:38 --> 00:17:40 | that. All right. So now we want |
170 | 00:17:40 --> 00:17:43 | to keep this stop where it is until we get through this threshold, because this |
171 | 00:17:43 --> 00:17:50 | is the the marker that sets the stage for confidence, not overconfidence, not |
172 | 00:17:51 --> 00:17:54 | I'm right, and nothing can go wrong. It just means that if we trade through this |
173 | 00:17:54 --> 00:18:00 | consequent encroachment that wick on a closing basis, then I can start to work |
174 | 00:18:00 --> 00:18:06 | that's top loss down to this high here, plus a tick. But it has to do this part |
175 | 00:18:06 --> 00:18:09 | first. This was the risk I was willing to put on when I first put the trade on |
176 | 00:18:10 --> 00:18:16 | here. And I have to sit with that risk until I see a Realized confirmation in |
177 | 00:18:16 --> 00:18:22 | order. Flow now, level two, data stuff required, no depth of market, no |
178 | 00:18:22 --> 00:18:28 | ladders, none of that stuff, no Market Replay required, because when you know |
179 | 00:18:28 --> 00:18:35 | what you're doing, you're sticking to ideas and premises that repeat. And |
180 | 00:18:35 --> 00:18:39 | since I mentioned that, this entire buy side of balance, outside efficiency, the |
181 | 00:18:39 --> 00:18:43 | lower half of that, that's what the algorithm is going to refer to. Notice |
182 | 00:18:43 --> 00:18:50 | that the bodies stop below that midpoint. Let me take this lower shaded |
183 | 00:18:50 --> 00:18:55 | red area, that midpoint off, because it's a little confusing to me as well. |
184 | 00:18:56 --> 00:19:01 | So we, we traded up into it. But look at the bodies hang, stop, not interested |
185 | 00:19:01 --> 00:19:05 | even going up there, not even interested in going to the five minute opening |
186 | 00:19:05 --> 00:19:09 | price of that super block, either. And that is not failure. That's actually |
187 | 00:19:09 --> 00:19:13 | what you want to see. If you're if you're bearish, you want to see the |
188 | 00:19:13 --> 00:19:17 | inability for price to even get to premium arrays. Because if it can't do |
189 | 00:19:17 --> 00:19:21 | that, what is it saying? It's saying that the market is inherently weak. It's |
190 | 00:19:21 --> 00:19:25 | lacking what strength? So if it's lacking strength, and you can outline a |
191 | 00:19:25 --> 00:19:32 | bias that's framing an obvious price run to a discount array, the five minute |
192 | 00:19:32 --> 00:19:37 | bison, about Salesforce efficiency down here, below relative equal lows, then it |
193 | 00:19:37 --> 00:19:42 | goes without saying that you probably have a likely winner. It doesn't mean |
194 | 00:19:42 --> 00:19:46 | it's a perfect, absolute guarantee, it's going to work in your favor and you |
195 | 00:19:46 --> 00:19:49 | can't lose. It just means that I'm watching this fair value gap, by the |
196 | 00:19:49 --> 00:19:54 | way, this means that you have something that you can get you can engage in. I. |
197 | 00:20:04 --> 00:20:08 | Isn't it nice? How much do I know what I'm doing? |
198 | 00:20:12 --> 00:20:15 | We're watching that consequent encroachment right there. I want to see |
199 | 00:20:15 --> 00:20:21 | how it delivers sharply and through it. That's what we want. All this wick in |
200 | 00:20:21 --> 00:20:26 | here. Watch the consequent encroachment that we've already seen, a reaction to |
201 | 00:20:26 --> 00:20:32 | it on the high end of it. I'll explain that in a second, moving down into it |
202 | 00:20:32 --> 00:20:36 | here and coming back up, opening, going into the fair value gap, and then |
203 | 00:20:37 --> 00:20:41 | repricing lower. We want to see it now respect it on the upside as resistance, |
204 | 00:20:41 --> 00:20:44 | basically, and then send it sharply lower. |
205 | 00:20:47 --> 00:20:49 | This also is an inversion, fair value, |
206 | 00:20:58 --> 00:21:04 | gap, confluence of things here. They're rooting well for lower prices, |
207 | 00:21:11 --> 00:21:15 | and we're in the last minute of the macro of 350, to 410, |
208 | 00:21:19 --> 00:21:22 | same premise here, we've already worked in the upper half |
209 | 00:21:24 --> 00:21:27 | of that inversion, fair value gap. So we want to see everything stay in the lower |
210 | 00:21:28 --> 00:21:35 | hemisphere, tap the lower that and then send it Lower. That'd be wonderful. So |
211 | 00:21:48 --> 00:21:50 | again, no Market Replay required. |
212 | 00:22:04 --> 00:22:06 | We haven't done enough work with |
213 | 00:22:07 --> 00:22:13 | testing and then forward testing by just reading the tape. No executions. Those |
214 | 00:22:13 --> 00:22:19 | little supposed dojis and whatnot are hammers that can trick you. I promise |
215 | 00:22:19 --> 00:22:25 | you. Steve Nelson doesn't have any understanding of the algorithm that |
216 | 00:22:25 --> 00:22:30 | controls price, so you can be fooled by things like that and think, Oh, this is |
217 | 00:22:30 --> 00:22:32 | this is rejection. It's bullish. It's not. |
218 | 00:22:35 --> 00:22:44 | Case in point. Let's say be careful, because these facetious statements that |
219 | 00:22:44 --> 00:22:50 | I routinely include, that's |
220 | 00:22:50 --> 00:22:55 | just me being me, and I'm reminding myself that I used to believe this |
221 | 00:22:55 --> 00:23:01 | nonsense when candlesticks supposedly had some kind of sway over price. |
222 | 00:23:04 --> 00:23:06 | Okay, so we traded right down |
223 | 00:23:06 --> 00:23:09 | into that consequent encouragement, that wick we want to see it. Go through it |
224 | 00:23:09 --> 00:23:17 | now, and you'll see that once we trade through it and close below it, the |
225 | 00:23:17 --> 00:23:21 | market should stay heavy, meaning that it should still gravitate towards these |
226 | 00:23:21 --> 00:23:29 | lows right in here, okay, and |
227 | 00:23:35 --> 00:23:41 | this is labeled as a minor south side look pretty cool. |
228 | 00:23:58 --> 00:24:02 | Now I know some of you are like, can you just make a template? It's so much |
229 | 00:24:02 --> 00:24:08 | easier. Can you just let me do it the way I want to do it? I hear you all |
230 | 00:24:08 --> 00:24:12 | right. So we had our close below consequent encroachments. Now we should |
231 | 00:24:12 --> 00:24:15 | see heavy price doesn't mean it's gonna be a straight shot. Ideally, that's |
232 | 00:24:16 --> 00:24:20 | always the best case scenario, but we don't require that. But because we've |
233 | 00:24:20 --> 00:24:23 | done this now I can lower the stop loss and reduce the risk. |
234 | 00:24:27 --> 00:24:30 | Now I have some of the risk, |
235 | 00:24:31 --> 00:24:35 | and because we're below that. WIC, if you were inclined to, you say you're |
236 | 00:24:35 --> 00:24:39 | brand new, and you really need to have that little encouragement, this would be |
237 | 00:24:39 --> 00:24:44 | a wonderful time for you to take a partial off, okay? And that would simply |
238 | 00:24:44 --> 00:24:48 | be done by changing whatever amount of position you have open. Right now I have |
239 | 00:24:48 --> 00:24:57 | 2.2 in leverage short. So I wouldn't take 750,000 off personally, but you |
240 | 00:24:57 --> 00:25:02 | could take something like 100,000 or. In terms of leverage off, and that would |
241 | 00:25:02 --> 00:25:08 | satisfy that impulsiveness to want to just have something in your win column. |
242 | 00:25:10 --> 00:25:14 | And I'll just add the execution, since it's not going to be a problem revealing |
243 | 00:25:14 --> 00:25:15 | anything now I'm |
244 | 00:25:27 --> 00:25:32 | for joining the feedback from the members of the free telegram channel |
245 | 00:25:34 --> 00:25:37 | you're all seeing what the paid mentorship students have been seeing for |
246 | 00:25:37 --> 00:25:42 | a long, long time. I'm not that guy that you think I am. |
247 | 00:25:48 --> 00:25:50 | Apparently I know how to trade, huh, |
248 | 00:25:54 --> 00:25:59 | lot of marketing, some of the folks out there that don't understand how I got to |
249 | 00:25:59 --> 00:26:00 | where I am in terms of |
250 | 00:26:03 --> 00:26:04 | following |
251 | 00:26:05 --> 00:26:13 | the cult, like following that companies. Me, it's all a part of marketing. And |
252 | 00:26:13 --> 00:26:17 | you have to have a you have to have a character, and that's what I used ICT |
253 | 00:26:17 --> 00:26:22 | for, that was you have to be polarizing too, because if it's just everybody |
254 | 00:26:22 --> 00:26:26 | loves you, think about like for wrestling fans, like I've never been a |
255 | 00:26:26 --> 00:26:30 | fan of John Cena because he's always been one, one sided, one dimensional. |
256 | 00:26:31 --> 00:26:38 | And characters that have flipped from face to heel, face to heel, they those |
257 | 00:26:38 --> 00:26:42 | characters are more entertaining. They're much more dynamic, and that's |
258 | 00:26:42 --> 00:26:49 | what makes them loved or hated. And you have to have a polarizing persona on |
259 | 00:26:49 --> 00:26:58 | social media. You have to have some kind of divisive rhetoric or some kind of an |
260 | 00:26:58 --> 00:27:04 | angle to get people talking, and then you make yourself viral that way. And |
261 | 00:27:04 --> 00:27:10 | one of the things that I did a lot was you poke fun at other people that claim |
262 | 00:27:10 --> 00:27:14 | to be professionals or whatever. And I would do it with a demo account, which, |
263 | 00:27:15 --> 00:27:23 | in and of itself is clowning, right? But the the polarizing views that would you |
264 | 00:27:23 --> 00:27:29 | begin from, that is what caused the train wreck that people would want to |
265 | 00:27:29 --> 00:27:34 | come and see, and that allowed me to build a crowd without ever paying for |
266 | 00:27:34 --> 00:27:39 | advertising. But unfortunately, some of you just can't accept the fact that |
267 | 00:27:39 --> 00:27:46 | that's what that was, I know how to trade clearly, but I allow folks to have |
268 | 00:27:46 --> 00:27:50 | their strong opinions about me, because I know there's another side of the |
269 | 00:27:50 --> 00:27:56 | community that will vehemently defend me, not that I need it, but it allowed |
270 | 00:27:56 --> 00:28:02 | my my persona, to gain traction, and that's what viral marketing is all |
271 | 00:28:02 --> 00:28:06 | about. You want to have something that people believe in so much that they're |
272 | 00:28:06 --> 00:28:13 | willing to go to war over it, and that's how ICT built this following, not to |
273 | 00:28:13 --> 00:28:15 | mention it's the best content out there too. |
274 | 00:28:21 --> 00:28:24 | So we're in close proximity. Now this is about where I would want to take a |
275 | 00:28:24 --> 00:28:31 | partial, okay, so just practicing when I preach, we can do something like this. |
276 | 00:28:31 --> 00:28:31 | We'll take 250,000 |
277 | 00:28:34 --> 00:28:38 | off. Okay, and you buy that there, |
278 | 00:28:38 --> 00:28:44 | and that satisfies that desire to be right? Okay, that's what I teach. That's |
279 | 00:28:44 --> 00:28:48 | what I I promote. If you look at all the mentorship stuff that I've put out over |
280 | 00:28:48 --> 00:28:52 | the years, in the beginning, you're going to want to feel like you've done |
281 | 00:28:52 --> 00:28:56 | something correct. Now, since you've done a partial, as soon as you take the |
282 | 00:28:56 --> 00:29:04 | first partial, your stop has to cover costs. Then you submit to the idea that |
283 | 00:29:04 --> 00:29:10 | the rest of the trade might go against you. And some of you that are highly |
284 | 00:29:10 --> 00:29:13 | critical, if this were to turn around and stop me out where it's at right now, |
285 | 00:29:13 --> 00:29:17 | you would look at it well, you left $1,700 on the table. That's stupid. |
286 | 00:29:18 --> 00:29:25 | Well, the idea is that you have to grow as a trader to learn to trust these |
287 | 00:29:25 --> 00:29:31 | moves. Nothing in here suggests that it's going to absolutely deliver. For |
288 | 00:29:31 --> 00:29:36 | me, no trade is ever guaranteed. That's why we have to have stop loss otherwise. |
289 | 00:29:36 --> 00:29:39 | I mean, I wouldn't even use a stop loss, and I would just go full leverage, |
290 | 00:29:39 --> 00:29:43 | whatever the maximum leverage would be allowed, and I would trade every single |
291 | 00:29:43 --> 00:29:47 | trade setup like that, but I don't do those things. Why? Because there's |
292 | 00:29:47 --> 00:29:51 | inherent risks, and the market could always change on a dime. It can do |
293 | 00:29:51 --> 00:29:58 | things that cause, you know, wild spikes, wild gyrations, and that might |
294 | 00:29:58 --> 00:30:03 | be adverse. For whatever position I may hold, or whatever bias I may hold, for |
295 | 00:30:03 --> 00:30:06 | that session, that day, that week, whatever instrument I'm using. So |
296 | 00:30:07 --> 00:30:12 | because it's it's important to grow gradually in your understanding and not |
297 | 00:30:12 --> 00:30:19 | expect overnight success, which, unfortunately, social media has promoted |
298 | 00:30:19 --> 00:30:23 | the idea that that's possible where you can have you watch a video, listen to a |
299 | 00:30:23 --> 00:30:28 | guy or gal explain some kind of a setup or whatever, and it's so easy, everybody |
300 | 00:30:28 --> 00:30:32 | can do it, and then you go out there and you find it's not the case. And my |
301 | 00:30:32 --> 00:30:36 | content is the same, like I can simplify it, like I did with the silver bullet. |
302 | 00:30:37 --> 00:30:43 | But still, if you're not properly equipped with patience, understanding |
303 | 00:30:43 --> 00:30:47 | what the setup is, understanding where the draw on liquidity is, that fair |
304 | 00:30:47 --> 00:30:52 | value gap that forms after 10 o'clock, it's still going to not help you at all, |
305 | 00:30:52 --> 00:30:58 | because you have just one component to it, and you have to have a combination |
306 | 00:30:58 --> 00:31:01 | of ingredients to get blue ribbon results right. So |
307 | 00:31:08 --> 00:31:14 | individuals are very critical, and they leave comments on my videos that only I |
308 | 00:31:14 --> 00:31:21 | can see, but I I see a weakness in individuals that think just like that, |
309 | 00:31:21 --> 00:31:25 | where they'll say, Well, if it, in other words, if it comes back up and stops me |
310 | 00:31:25 --> 00:31:31 | out, and I only take 146 point 67 and this is a demo, by the way, because I |
311 | 00:31:31 --> 00:31:34 | don't trade Forex anymore, but I promised I was going to teach you guys, |
312 | 00:31:34 --> 00:31:37 | and I'll give you examples. And this is a London session setup, so you're going |
313 | 00:31:37 --> 00:31:40 | to be mad. I'm going to see comments, why didn't you do this in the telegram |
314 | 00:31:40 --> 00:31:44 | channel, or why you're not live streaming it because I'm not a signal |
315 | 00:31:44 --> 00:31:48 | service, and remember, I'm doing this because I love doing it. You're asking |
316 | 00:31:48 --> 00:31:52 | me to do things I'm not comfortable doing, and that that will steal the joy |
317 | 00:31:52 --> 00:31:59 | from wanting to do it at all. Right? So understanding, gradual, increased |
318 | 00:31:59 --> 00:32:07 | knowledge, experience, those things have to be modular. You can't squeeze in, you |
319 | 00:32:07 --> 00:32:12 | know, five years of experience in a workshop or a seminar or webinar or one |
320 | 00:32:12 --> 00:32:18 | video, or a five minute condensed video where there's no rant, there's no rant, |
321 | 00:32:18 --> 00:32:22 | you know, here's an ICT or Michael Huddleston video, and I'm going to take |
322 | 00:32:22 --> 00:32:31 | out all the most important stuff, videos or channels that do that they're |
323 | 00:32:31 --> 00:32:37 | actually doing a disservice. You're not learning it properly. And then you see |
324 | 00:32:37 --> 00:32:42 | people say, Well, I tried ICT stuff and I couldn't make it work. I promise you, |
325 | 00:32:42 --> 00:32:46 | you're not going to make anything work. Because if I've given you step by step |
326 | 00:32:46 --> 00:32:50 | rules and things and processes and protocols that this is what makes it |
327 | 00:32:50 --> 00:32:56 | high probability, or changes it from low probability to high probability, then |
328 | 00:32:57 --> 00:33:01 | you have to stick to it. You have to learn to engage in that. |
329 | 00:33:04 --> 00:33:06 | This is also one that was trading below |
330 | 00:33:08 --> 00:33:14 | that low here. That would be a nice partial too, because it's trading into a |
331 | 00:33:14 --> 00:33:15 | minor cell cycle. |
332 | 00:33:21 --> 00:33:25 | It touches the top of that five minute Python analysis on efficiency, that |
333 | 00:33:25 --> 00:33:27 | little pink area that |
334 | 00:33:27 --> 00:33:28 | could also be a partial. |
335 | 00:33:35 --> 00:33:38 | Over the years, when you get more confident that you feel like you've |
336 | 00:33:39 --> 00:33:43 | you've properly positioned yourself in a move, then you don't have to do any |
337 | 00:33:43 --> 00:33:48 | partials. That's a little bit hard to do. Admittedly, it took a long time for |
338 | 00:33:48 --> 00:33:53 | me to get to that, that frame of mind, you know, I could see a lot of moves |
339 | 00:33:53 --> 00:33:58 | when I was coming up as a 20 year old, and the impatience of I just want to be |
340 | 00:33:58 --> 00:34:03 | right. I want to be right. You know that as a as a young man, I struggle with |
341 | 00:34:03 --> 00:34:10 | that a lot, and one of the best tools to combat that is learning to just simply |
342 | 00:34:10 --> 00:34:15 | take something off, and when you're not trying to share your results with |
343 | 00:34:15 --> 00:34:21 | everybody on social media. It's actually easier to do that because you paying |
344 | 00:34:21 --> 00:34:27 | yourself in a well funded, winning trade, but before it's closed and has |
345 | 00:34:27 --> 00:34:31 | full realized profit? In other words, full realized profit is when this limit |
346 | 00:34:31 --> 00:34:37 | order gets hit, and then everything on this trade collapses. The stop goes |
347 | 00:34:37 --> 00:34:43 | away, the position profitability, or open profitability, the P and L for it |
348 | 00:34:43 --> 00:34:49 | ceases to exist, and then you are now at a finite, closed position where, hey, |
349 | 00:34:49 --> 00:34:53 | this is all you got. You can't make anymore. You can't lose anymore. |
350 | 00:34:56 --> 00:35:00 | That that struggle is. Until |
351 | 00:35:00 --> 00:35:05 | that happens like this is the finish line here. In the entire time you're in |
352 | 00:35:05 --> 00:35:10 | the trade, you're wrestling with, what if it goes even lower, or what if it |
353 | 00:35:10 --> 00:35:16 | never goes there at all. Those constantly come up in my mind too. But |
354 | 00:35:16 --> 00:35:21 | when I when I have those thoughts, I remember, I've been doing this for 33 |
355 | 00:35:21 --> 00:35:28 | years. What have I seen happen more times than not see that's the benefit of |
356 | 00:35:28 --> 00:35:34 | back testing, then tape reading, forward testing with a demo and then going in, |
357 | 00:35:34 --> 00:35:38 | trading with real money and doing it for years and decades. You lean on logic |
358 | 00:35:38 --> 00:35:44 | that you have seen happen, and you can't get that same experience from a book or |
359 | 00:35:44 --> 00:35:49 | even watching all my videos. It doesn't, it doesn't translate like you want it to |
360 | 00:35:49 --> 00:35:53 | you want it to be like you watch something or you listen to someone and |
361 | 00:35:53 --> 00:35:57 | you feel like, okay, all I have to do is hear it one time and I'll be able to |
362 | 00:35:57 --> 00:36:00 | determine if that's real good or not. When you don't have any experience as a |
363 | 00:36:01 --> 00:36:05 | as a beginner or as a new student, you have no you have no foundation to lean |
364 | 00:36:05 --> 00:36:11 | upon. Everything's a new experience for you. So remember the first time you |
365 | 00:36:11 --> 00:36:16 | dated, the first time your girlfriend held your hand. You that, that feeling |
366 | 00:36:16 --> 00:36:20 | of you can't even think clearly, you lost all control. Your mind's racing |
367 | 00:36:20 --> 00:36:25 | with all kinds of wonderful thoughts, right? So that's how my children got |
368 | 00:36:25 --> 00:36:31 | here, by the way. Yeah, I have the I have tendencies, you know, as a man, and |
369 | 00:36:31 --> 00:36:35 | those same things occur when you're a new student and trading the idea of |
370 | 00:36:35 --> 00:36:40 | making a lot of money, that idea of being profitable, see, that kind of |
371 | 00:36:40 --> 00:36:44 | stuff like that, that doesn't worry me, even if it comes back and stops me out, |
372 | 00:36:44 --> 00:36:47 | it does not bother me, because I know there's setups that are going to repeat |
373 | 00:36:47 --> 00:36:52 | over and over and over again, that if this gets stopped out, it's okay. It |
374 | 00:36:52 --> 00:36:56 | doesn't mean the stuff stops working. Doesn't mean the model is broken. It |
375 | 00:36:56 --> 00:37:00 | doesn't mean that they change the algorithm. It just simply means that I |
376 | 00:37:00 --> 00:37:07 | didn't get more than what I got, and it's okay, I made more than 99.9% of you |
377 | 00:37:07 --> 00:37:11 | out there that are brand new as traders that don't know what you're looking for. |
378 | 00:37:11 --> 00:37:16 | And that's what I had to tell myself every single time as a 20 year old, when |
379 | 00:37:16 --> 00:37:21 | I did it right, I reminded myself, I followed my plan, I follow my strategy, |
380 | 00:37:21 --> 00:37:29 | I follow the concepts that I'm forging. And until you wrestle that idea of I |
381 | 00:37:29 --> 00:37:33 | don't need to change anything. I have something that works, but what I have |
382 | 00:37:33 --> 00:37:38 | doesn't work 100% of time. Nothing works 100% of time. Absolutely nothing works |
383 | 00:37:38 --> 00:37:42 | 100% of the time. So you have to submit yourself to the idea that if I know |
384 | 00:37:42 --> 00:37:49 | there's a probability of it working more time than not, then all I have to do is |
385 | 00:37:49 --> 00:37:54 | manage risk and then simply trade the setup. The setup is, I'm looking for |
386 | 00:37:54 --> 00:37:59 | price to get below this low to what degree it can go down to that |
387 | 00:37:59 --> 00:38:06 | inefficiency that was framed on the five minute chart. Simple, but hard to do |
388 | 00:38:06 --> 00:38:09 | when you're brand new, because you see things like this, and you're thinking, |
389 | 00:38:09 --> 00:38:12 | what happens if it turns around, goes higher, then it goes higher, you can't |
390 | 00:38:12 --> 00:38:19 | stop it. You can't stop it. I can't stop it. So you have to simply allow price to |
391 | 00:38:19 --> 00:38:24 | do whatever price is going to do. And the best thing that you can do is limit |
392 | 00:38:24 --> 00:38:29 | risk, manage risk impeccably, and follow the setup or the idea that you're using |
393 | 00:38:29 --> 00:38:33 | to trade. And you have to do it consistently. Don't change it, don't try |
394 | 00:38:33 --> 00:38:38 | to add new parameters to it. Keep it very, very simple. And by doing that, |
395 | 00:38:38 --> 00:38:43 | what you'll do is you'll discover all the things that you generally overthink |
396 | 00:38:43 --> 00:38:48 | about and you worry about and obsessively, compulsively stress about, |
397 | 00:38:49 --> 00:38:53 | many times they're not even there, the what if scenarios, what if it doesn't do |
398 | 00:38:53 --> 00:38:57 | this, and what if it does this? What happens if the trade does exactly what |
399 | 00:38:57 --> 00:39:01 | you hoped it would do? That's what you're constantly looking for. I'm |
400 | 00:39:01 --> 00:39:06 | looking at this for feedback. Does price indicate that it's still adhering to |
401 | 00:39:06 --> 00:39:09 | what I believe it's going to do, which is trade down into this inefficiency? |
402 | 00:39:09 --> 00:39:16 | Notice this line in here, let me, let me darken it up that that midpoint or |
403 | 00:39:16 --> 00:39:19 | consequent encouragement of that five minute buy something to balance outside |
404 | 00:39:19 --> 00:39:25 | efficiency. My limit order is above that to get out. So if it comes down and just |
405 | 00:39:25 --> 00:39:28 | falls short of touching the consequent encouragement that still will fill my |
406 | 00:39:28 --> 00:39:36 | limit order, I'm not in a rush to jam my stop loss down. This is a in this very, |
407 | 00:39:36 --> 00:39:41 | very crucial thing for your development. Once you take a partial, you've made |
408 | 00:39:41 --> 00:39:46 | money, you've taken something out, you move the stop loss to cover costs, and |
409 | 00:39:46 --> 00:39:53 | that's it. Then you live in that trade until it delivers what you want it to |
410 | 00:39:53 --> 00:39:58 | do, where it trades into your target. There's no other way, folks, there's |
411 | 00:39:58 --> 00:40:02 | simply no other way. Way to get to the experience level that you're asking many |
412 | 00:40:02 --> 00:40:07 | times in the comment section, when you send me emails, when you send me posts |
413 | 00:40:07 --> 00:40:12 | on X, when you send me things you know, on trading view, and you comment, you |
414 | 00:40:12 --> 00:40:18 | ask, you know, how do I hold trades? How do I put positions on and not have a |
415 | 00:40:18 --> 00:40:22 | stop loss that freaks me out? Or I put a stop loss where I believe it's not going |
416 | 00:40:22 --> 00:40:25 | to go. What? What gives me the conviction or the confidence? It's the |
417 | 00:40:25 --> 00:40:30 | fact that I submitted myself three decades plus, doing things that are |
418 | 00:40:30 --> 00:40:36 | uncomfortable. That's all it is. But because you don't know what it is you're |
419 | 00:40:36 --> 00:40:40 | trying to do, even if you watch my videos, it doesn't translate into you |
420 | 00:40:40 --> 00:40:43 | knowing how I trade it doesn't mean that you can go out there and do the same |
421 | 00:40:43 --> 00:40:50 | thing, because you are avoiding the very paramount issue of being personally |
422 | 00:40:50 --> 00:40:55 | responsible. That means understanding what the content is, the concept, and |
423 | 00:40:55 --> 00:40:59 | then going back into your charts, looking for it in hindsight, not just |
424 | 00:40:59 --> 00:41:04 | one time for months. It takes months of studying something just like in med |
425 | 00:41:04 --> 00:41:08 | school. Would you want someone doing surgery on your child or your wife or |
426 | 00:41:08 --> 00:41:11 | your husband, your loved one, your mother or father, if they just simply |
427 | 00:41:11 --> 00:41:15 | watched a video about doing open heart surgery? They're equipped now because |
428 | 00:41:15 --> 00:41:22 | they watch the video. No, no, I wouldn't want to. So you have to treat this |
429 | 00:41:22 --> 00:41:28 | trading business that you're building with even greater, you know, scrutiny. |
430 | 00:41:28 --> 00:41:32 | You have to allow yourself to say, Okay, it's going to take me time. How much |
431 | 00:41:32 --> 00:41:36 | time I don't know, you don't know either, but you have to be willing to |
432 | 00:41:36 --> 00:41:41 | submit yourself to whatever degree of adversity and time is going to require |
433 | 00:41:41 --> 00:41:47 | for you to work through whatever complications you have while learning |
434 | 00:41:47 --> 00:41:52 | it. And that's a very hard thing to do in the beginning, because you have all |
435 | 00:41:52 --> 00:41:58 | these concerns, and mostly it's greed. You just simply want to learn how to |
436 | 00:41:58 --> 00:42:01 | make money right now, because in your mind, you're thinking, if I could just |
437 | 00:42:01 --> 00:42:04 | make money, if I could just get a funded accountant and get a payout one time, |
438 | 00:42:04 --> 00:42:08 | even if it's 500 bucks, that's going to be a huge Look at that. It's almost |
439 | 00:42:08 --> 00:42:09 | like, |
440 | 00:42:10 --> 00:42:11 | oh, you see that? |
441 | 00:42:14 --> 00:42:19 | Come on, get down here and give it to me. You jokers. They traded down into |
442 | 00:42:19 --> 00:42:24 | the just shy of the consequent encroachment right there. So you see it |
443 | 00:42:25 --> 00:42:32 | wicked down into it. But they didn't give you the oh, now they, come on, come |
444 | 00:42:32 --> 00:42:34 | on, get down in there. |
445 | 00:42:41 --> 00:42:48 | Just in case insurance, and now, because it did that, I'll put the stop loss |
446 | 00:42:48 --> 00:42:48 | there |
447 | 00:42:50 --> 00:42:54 | whenever I have an issue where the limit order should have filled and doesn't |
448 | 00:42:57 --> 00:43:01 | bring that stop down if I'm short, and vice versa, if I'm long, because it |
449 | 00:43:01 --> 00:43:05 | could just simply just deny me, and if you strong hold it in arm wrestle and |
450 | 00:43:05 --> 00:43:11 | say no, I'm gonna demand Everything or Nothing. It's just it never. It never |
451 | 00:43:11 --> 00:43:15 | really pants out well for me, so rules and processes, that's what it is. So if |
452 | 00:43:15 --> 00:43:17 | it comes back and stops me out, at |
453 | 00:43:20 --> 00:43:26 | least I made another 1353, hypothetically, right? So |
454 | 00:43:27 --> 00:43:33 | seeing it deliver it's still just as good, and seeing it not fill is |
455 | 00:43:33 --> 00:43:37 | something that's also beneficial for you as a student watching. But remember, we |
456 | 00:43:37 --> 00:43:42 | were watching all of it up here, and what I was trying to articulate to you |
457 | 00:43:42 --> 00:43:46 | is I could visualize how, when we were inside this bison balance of sign |
458 | 00:43:46 --> 00:43:50 | efficiency, staying in the lower half like this, that's important, and then |
459 | 00:43:50 --> 00:43:55 | the market gravitating down to this low, and below that low, to what degree |
460 | 00:43:56 --> 00:44:00 | inside that five minute bicycle analysis on efficiency. So I I really |
461 | 00:44:07 --> 00:44:09 | wouldn't want to see it trade back up to this |
462 | 00:44:10 --> 00:44:14 | inversion for value gap, because we've already used it here. We failed to go to |
463 | 00:44:14 --> 00:44:18 | the midpoint, and then we broke lower and traded below the minor sell side |
464 | 00:44:18 --> 00:44:23 | liquidity pool. So you know, all things being equal, either it takes my stop |
465 | 00:44:23 --> 00:44:28 | loss here or stops me out, either, either case. Now I'm okay with it, |
466 | 00:44:28 --> 00:44:32 | because you've watched it deliver where I was saying it was going to go, it just |
467 | 00:44:32 --> 00:44:34 | simply didn't execute on the limit order, |
468 | 00:44:35 --> 00:44:39 | which is going to happen sometimes. Why does that? Why does that happen? You |
469 | 00:44:39 --> 00:44:43 | know, you're going to ask me that sometimes it simply says, No, |
470 | 00:44:48 --> 00:45:20 | hmm. That stop might be taken, but it's okay. |
471 | 00:45:25 --> 00:45:30 | This is why partials pay 100% of the time. There's never been a partial |
472 | 00:45:30 --> 00:45:35 | profit that was never profitable. Think about that. It's 100% success rate in |
473 | 00:45:35 --> 00:45:42 | taking partial profits and knowing when to do it, why you should do it. It's all |
474 | 00:45:42 --> 00:45:44 | based on things I've already taught. |
475 | 00:45:55 --> 00:46:00 | It's a new trader or new student. You might get angry here. You might get mood |
476 | 00:46:00 --> 00:46:05 | and cause you to feel like you want to. Whenever this trade gets stopped out or |
477 | 00:46:05 --> 00:46:10 | goes to limit order, should whatever side it happens to execute on, you might |
478 | 00:46:10 --> 00:46:14 | feel a certain kind of way where you feel like you were robbed of something, |
479 | 00:46:14 --> 00:46:18 | and you get stimulated to the degree where now you want to have some kind of |
480 | 00:46:18 --> 00:46:23 | revenge, or you feel like you've beat them, and now you're wanting to go back |
481 | 00:46:23 --> 00:46:27 | into the arena like a gladiator. Never, never, never, never act on those |
482 | 00:46:27 --> 00:46:32 | impulsive thoughts if you get stopped out, be content with what you've been |
483 | 00:46:32 --> 00:46:36 | given. The Lord blessed you with that. Be content with it. Enough is enough. |
484 | 00:46:38 --> 00:46:42 | But when you submit yourself the idea of these intrusive thoughts where you feel |
485 | 00:46:42 --> 00:46:46 | like you have to go out and get more because it didn't pan out exactly like |
486 | 00:46:46 --> 00:46:49 | you wanted to do, like in a perfect world, the limit order should have |
487 | 00:46:49 --> 00:46:54 | filled. It should have filled on that dive down in there. But if this was your |
488 | 00:46:54 --> 00:46:59 | trade and did that, where it went below, it should have filled. But didn't, you |
489 | 00:46:59 --> 00:47:05 | now have a new sensation in your mind. You're having thoughts, you're amped up. |
490 | 00:47:06 --> 00:47:12 | You have a lot more emotional attachment to what the market has done to you that |
491 | 00:47:12 --> 00:47:16 | day, even in this case, being profitable, hypothetically, because it's |
492 | 00:47:16 --> 00:47:21 | a demo account, I don't trade with Forex with real money, okay, but because I'm |
493 | 00:47:21 --> 00:47:26 | teaching you, I'm showing you what it is that you're asking questions about, |
494 | 00:47:28 --> 00:47:33 | I have to execute right so, but if this was your trade, |
495 | 00:47:34 --> 00:47:36 | you would feel inclined, because I'm telling you, I did the same thing as a |
496 | 00:47:36 --> 00:47:41 | 20 year old. When the bond market would do things like this to me, I would get |
497 | 00:47:41 --> 00:47:46 | really mad. I'd be like, Why did they why did they not get me out? Let broker |
498 | 00:47:46 --> 00:47:52 | screwed me that that brokerage firm denied me Okay, and now I'm mad about |
499 | 00:47:52 --> 00:47:57 | something that's outside of the trade. It's outside of what with the trade |
500 | 00:47:57 --> 00:48:03 | still open. So now, am I focusing on what the price is doing. No, I'm mad. |
501 | 00:48:03 --> 00:48:08 | I'm distracted about something that I had no control over. I can't go back and |
502 | 00:48:08 --> 00:48:12 | change it. The broker is not going to say, well, let me go back and just, |
503 | 00:48:12 --> 00:48:16 | we'll, we'll give you a fill there. If they do, they're a wonderful broker. |
504 | 00:48:16 --> 00:48:20 | I've never had that experience with anyone. And the bottom line is, is you |
505 | 00:48:20 --> 00:48:26 | have to stay focused. You have to know what is you're looking for. Adhere to |
506 | 00:48:26 --> 00:48:32 | that logic come hell or high water, the trade stops you out where you placed |
507 | 00:48:32 --> 00:48:33 | your stop with logic |
508 | 00:48:34 --> 00:48:37 | or it gives you your target. |
509 | 00:48:37 --> 00:48:41 | And at the end of that trade, whether stopped out or Hence your limit order. |
510 | 00:48:42 --> 00:48:46 | Until that occurs, you have to submit to the original trade idea in the logic |
511 | 00:48:46 --> 00:48:53 | that you use to get into it. And it's not easy to do in the beginning. It's |
512 | 00:48:53 --> 00:48:58 | very, very hard. It's complicated. It's complex. It feels like it's an |
513 | 00:48:58 --> 00:49:03 | insurmountable task that you'll never get past that point, but eventually, if |
514 | 00:49:03 --> 00:49:09 | you keep doing it, you do, and far too little people that go into trading ever |
515 | 00:49:09 --> 00:49:16 | make it through that threshold. I could teach you until the end of my life. I |
516 | 00:49:16 --> 00:49:21 | could teach you everything that I'd be willing to only teach my kids. For the |
517 | 00:49:21 --> 00:49:25 | majority of you, it would not help you, because you're not equipped to be number |
518 | 00:49:25 --> 00:49:30 | one personally responsible or work on the things that are problematic in most |
519 | 00:49:30 --> 00:49:37 | most individuals, which is impatience, greed, fear. How many times watching |
520 | 00:49:37 --> 00:49:42 | this did you feel like the market was going to do a certain thing, and if this |
521 | 00:49:42 --> 00:49:46 | was your trade, here's my limit order. How many times did you watch it and |
522 | 00:49:46 --> 00:49:51 | think to yourself that it this is what's likely to happen if you were in that |
523 | 00:49:51 --> 00:49:55 | trade, you found some kind of anxiety, but you're not really in the trade, but |
524 | 00:49:55 --> 00:50:01 | you're watching it. If I could show you how many times. Uh, individuals you |
525 | 00:50:01 --> 00:50:06 | commented about how they watch when I'm executing where my stop loss is real |
526 | 00:50:06 --> 00:50:11 | close to price, but it doesn't go there. And they'd say I was anxious. I felt |
527 | 00:50:11 --> 00:50:16 | anxious and I was watching trade and I felt like I was in it, and I would be so |
528 | 00:50:16 --> 00:50:20 | scared. Well, it's because you have not done enough in the past. That's the |
529 | 00:50:20 --> 00:50:25 | work. That's what even all of my paid mentorship students that failed, and |
530 | 00:50:25 --> 00:50:30 | they get angry and they have emotional, you know, opinions about me, all they're |
531 | 00:50:30 --> 00:50:37 | doing is deflecting anyone that comes to me and doesn't see the value of what it |
532 | 00:50:37 --> 00:50:41 | is I'm teaching, because I'm actually using the logic you're watching me use |
533 | 00:50:41 --> 00:50:47 | it in telegram in a setting that's not monetized. I could go on live stream |
534 | 00:50:47 --> 00:50:52 | again and say everything I'm saying in that telegram channel. I'm proving to |
535 | 00:50:52 --> 00:50:58 | you that I don't need YouTube. Need YouTube AdSense. I don't care. I love |
536 | 00:50:58 --> 00:51:01 | teaching. I love it. I absolutely love it. I absolutely love it, because I |
537 | 00:51:01 --> 00:51:04 | remember what it was like when I was a 20 year old, and I wished there was |
538 | 00:51:04 --> 00:51:10 | somebody like me today, and there wasn't. So I became the Santa Claus. I |
539 | 00:51:10 --> 00:51:14 | became the myth, the legend, the guy that knows it and just gives it to you |
540 | 00:51:14 --> 00:51:18 | for free. Because if he really knows what he's doing, if he really knows what |
541 | 00:51:18 --> 00:51:23 | he's doing, and can make money, and he doesn't need your money. He's not going |
542 | 00:51:23 --> 00:51:27 | to ask for it. He's just going to say, hey, you know what? I know what it felt |
543 | 00:51:27 --> 00:51:32 | like. I know what it felt like for me, and I know it's no different to anyone |
544 | 00:51:32 --> 00:51:36 | else. When they first start, they it's hard to trust anyone. And my question |
545 | 00:51:36 --> 00:51:43 | is, what's preventing you from trusting me. I don't need you to trust me. |
546 | 00:51:43 --> 00:51:49 | Remember that I don't need anything from you as the audience, but I want you to |
547 | 00:51:49 --> 00:51:52 | think about for a second, why would you not trust me? |
548 | 00:51:54 --> 00:51:58 | I haven't asked for a payment. I don't ask for you to even say thank you |
549 | 00:51:58 --> 00:51:58 | anymore. |
550 | 00:52:00 --> 00:52:06 | I'm saying just judge what you see me do judge by what you see me. Explain before |
551 | 00:52:06 --> 00:52:14 | it happens. Look at them. Amazing degree of profitable students that I have, the |
552 | 00:52:14 --> 00:52:20 | prop firm companies hate my students. A lot of the things that you're seeing |
553 | 00:52:20 --> 00:52:23 | them change the rules, it's because my students are beating their rear end. |
554 | 00:52:24 --> 00:52:28 | They're taking money from them, and they're coming up with all these |
555 | 00:52:28 --> 00:52:31 | different excuses why they got to change the rules and make trading even harder |
556 | 00:52:31 --> 00:52:35 | than it would be if you were just trading with your own money. And that's |
557 | 00:52:35 --> 00:52:39 | why I'm doing it, because I'm telling you these prop firms, and not even |
558 | 00:52:39 --> 00:52:45 | really prop, okay, these monetized demo accounts, they're going to be like the |
559 | 00:52:45 --> 00:52:50 | dinosaurs eventually. They're not going to be here, folks, I promise you, |
560 | 00:52:50 --> 00:52:55 | they're not going to be here. And they're in the fall of their life cycle, |
561 | 00:52:56 --> 00:52:58 | and you see it with all of their extreme |
562 | 00:52:58 --> 00:53:03 | complications and rules. And you can't do this. You can't do that. Deny your |
563 | 00:53:03 --> 00:53:06 | payments. Deny your payments. Eventually, what's going to happen is |
564 | 00:53:06 --> 00:53:08 | there's going to be class action lawsuits against |
565 | 00:53:08 --> 00:53:13 | these firms, and they're gonna be forced to shut down. So doesn't it make sense |
566 | 00:53:13 --> 00:53:16 | for you to learn how to do this properly, even with a little bit of |
567 | 00:53:16 --> 00:53:20 | money, just a little bit of money, of what you already wasted in Prop firm |
568 | 00:53:20 --> 00:53:25 | companies. If you put that into a brokerage firm that is a deep discount |
569 | 00:53:25 --> 00:53:28 | brokerage, I'm not going to put anybody's name here, because I'm not |
570 | 00:53:28 --> 00:53:32 | going to be viewed as an introducing broker, which I'm not. I'm not |
571 | 00:53:32 --> 00:53:41 | affiliated with any company, any entity, any brokerage firm, none. So if you were |
572 | 00:53:41 --> 00:53:46 | to take this logic and apply it to your own money when you're just trading with |
573 | 00:53:46 --> 00:53:48 | one micro contract, |
574 | 00:53:50 --> 00:53:52 | think about it. You're going |
575 | 00:53:52 --> 00:53:56 | to do far better than what you're doing wasting time gambling in these prop firm |
576 | 00:53:56 --> 00:53:59 | companies you're trying to get rich when a lottery win, because you're watching |
577 | 00:53:59 --> 00:54:05 | these influencers do it when they don't have to pay for their resets, and |
578 | 00:54:05 --> 00:54:07 | they're getting rich off of your failures. |
579 | 00:54:09 --> 00:54:12 | So again, let me ask you, why don't you trust me? |
580 | 00:54:15 --> 00:54:20 | Because you believe all the things you've heard about me and you've never |
581 | 00:54:20 --> 00:54:25 | watched it firsthand, and now you're seeing it. And for some of you, you're |
582 | 00:54:25 --> 00:54:29 | contacting me, and you're saying I am having a real hard time believing what |
583 | 00:54:29 --> 00:54:32 | I'm seeing, because I've always thought you were a scammer. I always thought you |
584 | 00:54:32 --> 00:54:36 | were a fraud, and I believed everything, and I got caught up in all that, but I'm |
585 | 00:54:36 --> 00:54:42 | having a hard time wrestling with what I'm watching you do live. I understand, |
586 | 00:54:42 --> 00:54:45 | and I take that as a compliment. That means the persona I put out there that |
587 | 00:54:45 --> 00:54:51 | was very divisive was amazingly effective, and it's okay, but all I'm |
588 | 00:54:51 --> 00:54:57 | asking you to do is simply just judge by what you see given to you beforehand, |
589 | 00:54:58 --> 00:55:03 | and then submit to the. Process. It's not costing you any money, and it won't |
590 | 00:55:03 --> 00:55:09 | take you very much time to see initial evidence that there's something beyond |
591 | 00:55:09 --> 00:55:14 | what you think is buying and selling pressure. And once you, once that bug |
592 | 00:55:14 --> 00:55:15 | bites you, |
593 | 00:55:18 --> 00:55:22 | you're ICT infected for life, and there's no cure, because |
594 | 00:55:22 --> 00:55:26 | you'll never look at the market differently. You'll never listen or even |
595 | 00:55:26 --> 00:55:29 | tolerate anybody else out there trying to explain to you why the market's going |
596 | 00:55:29 --> 00:55:39 | to go up or down. And then you become what we considered our cult member. And |
597 | 00:55:39 --> 00:55:43 | it's, you know, it's funny to think about it that way, but it's okay. It |
598 | 00:55:43 --> 00:55:44 | just means that you now are, |
599 | 00:55:46 --> 00:55:47 | you're initiated, |
600 | 00:55:48 --> 00:55:54 | and for people outside of our circle, our understanding, it seems cultish. It |
601 | 00:55:54 --> 00:56:00 | seems like, you know, we're all just, you know, Hive minded, and you can't see |
602 | 00:56:00 --> 00:56:06 | that I'm something that I'm not. Let's say it that way, that that's the |
603 | 00:56:06 --> 00:56:08 | perceived idea. |
604 | 00:56:09 --> 00:56:14 | But what happens when these same people like yourself sit down and say, You know |
605 | 00:56:14 --> 00:56:17 | what, I'm gonna look for this guy to get it wrong, and you're still waiting, |
606 | 00:56:17 --> 00:56:23 | aren't you? I'm not trying to be egotistical. I'm talking to you like we |
607 | 00:56:23 --> 00:56:28 | were talking like we just met face to face. I don't drink, I don't go to a bar |
608 | 00:56:28 --> 00:56:31 | or anything like that, but somehow we met somewhere, and you're just talking |
609 | 00:56:34 --> 00:56:41 | you're seeing things that shouldn't be possible. You're seeing things outlined |
610 | 00:56:41 --> 00:56:50 | in a way that has to be time travel or some kind of superior intellect, and |
611 | 00:56:50 --> 00:56:51 | it's neither. |
612 | 00:56:53 --> 00:56:59 | It's an understanding of how these markets really book, and it's not based |
613 | 00:56:59 --> 00:57:03 | on anything, nothing else that's ever been out there before. And |
614 | 00:57:05 --> 00:57:11 | if it wasn't for the grace of God, I wouldn't know what I know. That's where |
615 | 00:57:11 --> 00:57:15 | it comes from, that's, that's, that's who taught me, |
616 | 00:57:16 --> 00:57:20 | and that's, I know that sounds crazy, and I know there's influencers out there |
617 | 00:57:20 --> 00:57:25 | that love taking shots at it, but to simply sit back and watch how God takes |
618 | 00:57:25 --> 00:57:30 | care of them, because God is not mocked. Promise you to sit back and watch how |
619 | 00:57:30 --> 00:57:31 | that kind of stuff happens. |
620 | 00:57:33 --> 00:57:35 | People that tear you down are |
621 | 00:57:37 --> 00:57:41 | going to be forced to watch you be rebuilt in their presence and in their |
622 | 00:57:41 --> 00:57:47 | witness, all you have to do is stick to the process. This has been entrusted to |
623 | 00:57:47 --> 00:57:54 | me, and I'm doing what I said I was going to do. So many of you have blessed |
624 | 00:57:54 --> 00:57:59 | me with your feedback, with your testimonies about how it's affected you, |
625 | 00:57:59 --> 00:58:04 | how it's improved your family's net worth, your ability to make ends meet. |
626 | 00:58:04 --> 00:58:10 | And I can't tell you how wonderful that is. That means so much more than if I |
627 | 00:58:10 --> 00:58:16 | was to sell something and you pay me more money. I don't need money. I'm here |
628 | 00:58:16 --> 00:58:23 | for the relationship aspect of being a conduit that brings glory and honor and |
629 | 00:58:23 --> 00:58:28 | praise to God, because without Jesus, Michael, can't be who I am, and |
630 | 00:58:29 --> 00:58:30 | that's the truth. |
631 | 00:58:32 --> 00:58:39 | And some of you, unfortunately can't see past that persona I put out there for |
632 | 00:58:39 --> 00:58:39 | marketing. |
633 | 00:58:41 --> 00:58:42 | My question is, |
634 | 00:58:43 --> 00:58:46 | will you still feel that way at the end of this year? |
635 | 00:58:48 --> 00:58:50 | That's what I'm interested |
636 | 00:58:51 --> 00:58:55 | in. I'm not trying to change your mind. I'm not trying to recruit you. I'm |
637 | 00:58:55 --> 00:58:59 | challenging your perception. What do you really believe at the end of this year? |
638 | 00:59:01 --> 00:59:04 | Do you really believe there's an algorithm, or there's no algorithm? |
639 | 00:59:07 --> 00:59:08 | We'll see in December? Hope |
640 | 00:59:09 --> 00:59:12 | you found this insightful. Hope you found it encouraging, as I'll talk to |
641 | 00:59:12 --> 00:59:13 | you next time. Lord willing. |
642 | 00:59:14 --> 00:59:15 | Be safe. Bye. |