1 | 00:00:34 --> 00:00:41 | ICT: Folks, welcome back. It's gonna be a really, really short video. I mean |
2 | 00:00:41 --> 00:00:46 | that sincerely to length. So we're gonna be looking at a Wednesday review for |
3 | 00:00:46 --> 00:00:47 | April, 2325 |
4 | 00:00:52 --> 00:00:59 | right here's the daily chart for NASDAQ, and we're gonna zoom in here and take a |
5 | 00:00:59 --> 00:01:07 | look at that rate there that premium wick, constant encroachment and that |
6 | 00:01:07 --> 00:01:14 | volume imbalance. So let's zoom in here. All right. So right away, I want you to |
7 | 00:01:14 --> 00:01:21 | take a look at that wick right here. Why am I even referring to this one like, |
8 | 00:01:21 --> 00:01:26 | Why would my eye jump to that? Why would your eye jump to that? Well, after the |
9 | 00:01:26 --> 00:01:33 | market starts to dive down here, where's the swing low here, this candle, this |
10 | 00:01:33 --> 00:01:41 | candle, and this candle, this has a long wick or tail in this case. And what I |
11 | 00:01:41 --> 00:01:48 | like to do is, I like to measure from the open down to the low, 50% of that is |
12 | 00:01:48 --> 00:01:55 | consequence, because I teach you that a wick, whether it's below or above, a |
13 | 00:01:55 --> 00:02:03 | candlestick, is to be treated as a gap. Draw that out in time. You can see |
14 | 00:02:03 --> 00:02:07 | during Wednesday's trading, we traded up here and hit that one just a little bit |
15 | 00:02:07 --> 00:02:13 | above it and came back off of it. The other point of interest is this volume |
16 | 00:02:13 --> 00:02:21 | imbalance here. So between this candle sticks open, this candle sticks open, |
17 | 00:02:22 --> 00:02:26 | there's no bodies laid down. There's wicks that are overlapping, but that's |
18 | 00:02:26 --> 00:02:31 | my volume imbalance. And then we opened here and traded up through it and up |
19 | 00:02:31 --> 00:02:38 | into the premium wick of this candlestick here. What makes this market |
20 | 00:02:38 --> 00:02:44 | environment presently difficult? Well, the fact that we're having a whole lot |
21 | 00:02:44 --> 00:02:56 | of like separation between the settlement prices this right here. So |
22 | 00:02:56 --> 00:03:00 | you have to focus where all the volume imbalances are, and that's where you |
23 | 00:03:00 --> 00:03:08 | start. And when price was down here, you have to look up above, from this low up |
24 | 00:03:08 --> 00:03:13 | to that high, look through all that. So you had this volume of balance. So when |
25 | 00:03:13 --> 00:03:16 | we started the week, looking back through all this, you can see the volume |
26 | 00:03:16 --> 00:03:23 | of balance there, fair value gap, width of volume and balance. So technically, |
27 | 00:03:23 --> 00:03:31 | it's this open to this high but that's a PD array for another time, and then you |
28 | 00:03:31 --> 00:03:35 | have this volume of balance there. And then Christ did, in fact, trade up into |
29 | 00:03:35 --> 00:03:42 | this area once before, but PD arrays are meant to be used more than once. Okay, |
30 | 00:03:42 --> 00:03:49 | so that's, unfortunately, one of the things that makes what I teach a little |
31 | 00:03:49 --> 00:03:54 | bit more complex than the standard Support and Resistance idea, which, you |
32 | 00:03:54 --> 00:03:58 | know, neophytes like to say that's really what it is, or so fine to me, |
33 | 00:03:58 --> 00:04:01 | it's nowhere near any of that stuff. It's way beyond it, late, years ahead of |
34 | 00:04:01 --> 00:04:09 | it. But there's a rhyme and reason. There's a proper context to using them. |
35 | 00:04:09 --> 00:04:15 | And there is a time, there is a expiration on each PD array that I use, |
36 | 00:04:15 --> 00:04:22 | and it's the IP the data ranges, okay, 20, day 40, day six day look back. You |
37 | 00:04:22 --> 00:04:26 | can look back further than 40 days and still use those PD arrays, but it's |
38 | 00:04:26 --> 00:04:29 | going to require you a whole lot more experience and knowing where the market |
39 | 00:04:29 --> 00:04:34 | is likely to go. I'll just leave that theater. Okay, so let's go in with these |
40 | 00:04:34 --> 00:04:39 | two PD arrays in mind premium consequence of this candlestick right |
41 | 00:04:39 --> 00:04:44 | here on the daily chart for NASDAQ, June delivery contract 2025 and this volume |
42 | 00:04:44 --> 00:04:48 | of balance right here. Okay, those are the only two reference points on the |
43 | 00:04:48 --> 00:04:53 | daily chart that I'm going to have on the lower time frames. So if you're on |
44 | 00:04:53 --> 00:04:58 | my telegram channel, this morning, we opened up the session with, obviously a |
45 | 00:04:58 --> 00:05:02 | very large gap opening with. Just did not adhere from previous day's |
46 | 00:05:02 --> 00:05:08 | settlement. So that large gap there, generally, it's usually within the scope |
47 | 00:05:08 --> 00:05:13 | of reasonable for it to continue moving in the direction of the extreme opening |
48 | 00:05:13 --> 00:05:19 | gap, in this case, moving higher. But in the beginning of the session, I was not |
49 | 00:05:19 --> 00:05:23 | interested in going along with being long right away, I was insisting that |
50 | 00:05:23 --> 00:05:28 | the market would trade down to a discount, and then this would have been |
51 | 00:05:28 --> 00:05:33 | a ideal scenario to reach up into. And if it were to trade beyond that, then we |
52 | 00:05:33 --> 00:05:39 | had this candlesticks high. But we do have these relative equal highs here |
53 | 00:05:39 --> 00:05:45 | that are again I don't want to sell the idea that it's going to definitely go |
54 | 00:05:45 --> 00:05:49 | there, but as long as we keep pushing higher, that would be a reasonable area |
55 | 00:05:49 --> 00:05:57 | to watch this. I don't know if we'll get into that this week in order to trade |
56 | 00:05:57 --> 00:06:01 | back down into it. Who knows? I don't know the way the market's behaving. You |
57 | 00:06:01 --> 00:06:08 | know, tariffs are on, tariffs are off, Recipro tariffs. It's you can't keep up |
58 | 00:06:08 --> 00:06:14 | with it. It's madness. And I believe this is what I was referring to back in |
59 | 00:06:14 --> 00:06:19 | 2016 when I did Twitter spaces and I talked about what you're actually seeing |
60 | 00:06:19 --> 00:06:24 | happen geopolitically and in the United States with our leadership, it's almost |
61 | 00:06:24 --> 00:06:30 | like I was giving you the headlines of the newspapers and articles years in |
62 | 00:06:30 --> 00:06:36 | advance. Believe me, I'm taken back by as well. So let's drop down lower time |
63 | 00:06:36 --> 00:06:40 | frames. Here's a five minute chart, and you can see how the market did, in fact, |
64 | 00:06:40 --> 00:06:45 | trade up eventually into and above that daily premium wick consequent |
65 | 00:06:45 --> 00:06:50 | encroachment level, and the market then gave up the ghost, went lower and traded |
66 | 00:06:50 --> 00:06:57 | back down into that daily volume of bounces in yellow, and then went into a |
67 | 00:06:57 --> 00:07:01 | range bound consolidation all of these wicks Here. Look at all this back and |
68 | 00:07:01 --> 00:07:08 | forth. See all that right there. This is what I was anticipating when I said, |
69 | 00:07:08 --> 00:07:13 | Turn your charts off. If you're a member of my telegram channel, that's free. |
70 | 00:07:14 --> 00:07:18 | Okay, you can find the link on my YouTube channel. Go to the description |
71 | 00:07:18 --> 00:07:24 | of my YouTube channel. Scroll down, you'll see the link to my official X and |
72 | 00:07:24 --> 00:07:27 | you'll see the link to my website, and then you'll see the link to my official |
73 | 00:07:27 --> 00:07:32 | telegram channel that is absolutely free. I do not sell you a service. I do |
74 | 00:07:32 --> 00:07:35 | not deal with cryptocurrencies. They are garbage. They are trash. I would never |
75 | 00:07:35 --> 00:07:39 | take a payment from you with crypto. I would never send you a direct message. |
76 | 00:07:39 --> 00:07:43 | I'm never going to talk to you in a direct message on any medium, any social |
77 | 00:07:43 --> 00:07:49 | media at all. I'm not on Tiktok, I am not on Instagram, I am not on Discord, I |
78 | 00:07:49 --> 00:07:56 | am not on thread. So I'm not on Facebook. Okay, so whoever you are |
79 | 00:07:56 --> 00:07:59 | seeing in those mediums, they're pretending to be me, if they're ever |
80 | 00:07:59 --> 00:08:05 | asking for money, well, here's your sign. That's not me, but these back and |
81 | 00:08:05 --> 00:08:12 | forth wicks here that makes it obvious that there's manual intervention. Okay, |
82 | 00:08:12 --> 00:08:17 | when we have a very clean price run, we have inefficiencies. The inefficiencies |
83 | 00:08:17 --> 00:08:23 | are allowed to be remaining open partially, or if not entirely, that is a |
84 | 00:08:23 --> 00:08:29 | very clean market to trade in, and as soon as I started seeing signs of that |
85 | 00:08:29 --> 00:08:33 | this morning, that's why they said you turn your charts off. And trust me, now |
86 | 00:08:33 --> 00:08:36 | that doesn't mean that you can't trade it later on. It doesn't mean you can't |
87 | 00:08:36 --> 00:08:42 | eventually see a setup. It just means that I'm not going to be sitting in |
88 | 00:08:42 --> 00:08:47 | front of you knowing the influence I have over many of you, and I'm not going |
89 | 00:08:47 --> 00:08:50 | to influence you to do something that could potentially hurt yourself. Okay, |
90 | 00:08:50 --> 00:08:54 | so we're in the telegram channel where we're tape reading. We're not doing |
91 | 00:08:54 --> 00:08:58 | trade signals. We're not trying to get you in there to make money or risk real |
92 | 00:08:58 --> 00:09:04 | money. It's for you to borrow my 33 years of experience and then see what my |
93 | 00:09:04 --> 00:09:08 | PD arrays can do for you in the long run, doing those same types of things in |
94 | 00:09:08 --> 00:09:12 | your enhancement. So just know that while price was going back and forth |
95 | 00:09:12 --> 00:09:17 | like this, this is extremely difficult to trade in, unless you have such a |
96 | 00:09:17 --> 00:09:24 | large stop very, very small risk, and you've been positioned well in advance |
97 | 00:09:24 --> 00:09:30 | here, here or here, and your stop is way down below there, then, yeah, obviously |
98 | 00:09:30 --> 00:09:34 | you can endure that. Okay, but I was treating with the things that I teach, |
99 | 00:09:34 --> 00:09:40 | which is first percent of fair value gap, or, you know, false breaks. And I |
100 | 00:09:40 --> 00:09:44 | was not interested in being long, so I felt like it would be likely to pull |
101 | 00:09:44 --> 00:09:52 | back down into this little area right in here, which had this low and I annotated |
102 | 00:09:52 --> 00:09:58 | that in telegram. So that was really the first primary run I wanted to see. And |
103 | 00:09:58 --> 00:10:05 | then I. Moving in the same direction of the opening gap being bullish, this |
104 | 00:10:05 --> 00:10:10 | would have been another area I'd be reaching for but we're going to see what |
105 | 00:10:10 --> 00:10:16 | happened in in reality here. So here's a one minute chart, and here's the first |
106 | 00:10:16 --> 00:10:21 | percent of fair value gap right here. And you can see the market does, in |
107 | 00:10:21 --> 00:10:28 | fact, rally up, comes back down, lots of ugly price action in here, and I said |
108 | 00:10:28 --> 00:10:32 | that we would likely see a draw back down into the first percent of fair |
109 | 00:10:32 --> 00:10:37 | value gap. It was a probable draw, meaning it's going to pull back down |
110 | 00:10:37 --> 00:10:38 | into that. |
111 | 00:10:39 --> 00:10:43 | That was me setting the stage for something like this move here, dropping |
112 | 00:10:43 --> 00:10:48 | down into first percent spray bag gap, then up into a PD rate that I would have |
113 | 00:10:48 --> 00:10:54 | given you at a subsequent later time. But you know, as it were, we have all |
114 | 00:10:54 --> 00:11:00 | this back and forth price action. I mentioned that we pretty much can expect |
115 | 00:11:00 --> 00:11:04 | that they have ran out all the shorts, and the market started to break lower. I |
116 | 00:11:04 --> 00:11:08 | went short on this candlestick. I will show you the execution in a moment that |
117 | 00:11:08 --> 00:11:12 | I mentioned, this fair value gap. It trade up into it started to sell off. |
118 | 00:11:12 --> 00:11:17 | Got real close to first present the fair value gap, and then it does this return, |
119 | 00:11:17 --> 00:11:26 | back up into it. And then one more time, then false rally drops down into the |
120 | 00:11:26 --> 00:11:31 | first present fair value gap, then creates an imbalance. Here, trades to |
121 | 00:11:31 --> 00:11:37 | the daily premium, with consequence, creates a drop into the macro. And then |
122 | 00:11:37 --> 00:11:41 | we have one more time, a premium with consequent encroachment. That's right |
123 | 00:11:41 --> 00:11:44 | here. You can see the body's respecting that the wicks are allowed to do the |
124 | 00:11:44 --> 00:11:48 | damage. As you can see, they did a lot of damage in here on a five minute |
125 | 00:11:48 --> 00:11:56 | chart. And then during the 1050, to 1110, macro, we start to see it sell |
126 | 00:11:56 --> 00:12:04 | off, nice little, fair, shorter block with a city right there, which is |
127 | 00:12:04 --> 00:12:08 | institutional order flow entry, drill three PD arrays all in one. But I just |
128 | 00:12:08 --> 00:12:12 | said, play it back again. Write down your journal that is a model in and of |
129 | 00:12:12 --> 00:12:16 | itself. If you have a bias, market breaks lower trades into this |
130 | 00:12:16 --> 00:12:21 | inefficiency that comes in inversion for value gap, another premium, wick, |
131 | 00:12:21 --> 00:12:28 | consequent encroachment here inside the inversion fair value gap, and tanks down |
132 | 00:12:28 --> 00:12:31 | into pressure that free bag up, which we'll extend in a moment on the next |
133 | 00:12:31 --> 00:12:36 | slide. This will be extended over here, entry down into the daily volume |
134 | 00:12:37 --> 00:12:40 | imbalance, and then below the cell side that I mentioned this morning, in the |
135 | 00:12:40 --> 00:12:46 | telegram channel and into that fair value gap. So it does that right here at |
136 | 00:12:46 --> 00:12:51 | 1130 which begins the launch macro. So I want you to take a look at this |
137 | 00:12:51 --> 00:12:59 | candlestick right in here. And there I am shorting four at 19,001 08, and |
138 | 00:12:59 --> 00:13:02 | there's a little symbol telling you exactly where at on that one minute |
139 | 00:13:02 --> 00:13:06 | candle. So it opened trade up a little bit and then started its way back down |
140 | 00:13:06 --> 00:13:11 | below this high. So that was my turtle soup. I was mentioning that it was |
141 | 00:13:12 --> 00:13:18 | technically a turtle soup environment, meaning that it's a false breakout. Five |
142 | 00:13:18 --> 00:13:22 | stops have been taken, and I'm looking for a drop back down into purchase, into |
143 | 00:13:22 --> 00:13:27 | everybody I got for partial one, which would have been two contracts. That's |
144 | 00:13:27 --> 00:13:30 | how I would have done it today. And then I would have taken one below here, and |
145 | 00:13:30 --> 00:13:34 | then I would have left the remaining to be taken below here. That's how what's |
146 | 00:13:34 --> 00:13:39 | going on, trade it, plan it. And now you'll see this is where I got stopped, |
147 | 00:13:39 --> 00:13:44 | out on this candlestick. And I had literally just dropped the stop just |
148 | 00:13:44 --> 00:13:49 | above this little high here, and you can see on that candlestick right there, |
149 | 00:13:49 --> 00:13:55 | that's where I got stopped out and matched the price up over here. Okay, so |
150 | 00:13:56 --> 00:14:08 | 2200 or so, 2210 2220 um. At the cost that would be, in my case here, a very |
151 | 00:14:08 --> 00:14:13 | fortunate outcome, because it could have very easily ran up aggressively and put |
152 | 00:14:13 --> 00:14:19 | me in a losing engagement today, which I guess many of you were like, can you |
153 | 00:14:19 --> 00:14:28 | just show that and this, in my in my view, this is like a loss, because I |
154 | 00:14:28 --> 00:14:36 | knew, looking at it, that I'm kind of like betting against it. But yeah, in |
155 | 00:14:36 --> 00:14:41 | this case, I was fortunate with being experienced not to drop the stop down. |
156 | 00:14:42 --> 00:14:46 | But if I wouldn't have done that, this would have been a loss like it would |
157 | 00:14:46 --> 00:14:51 | have been a loss altogether. The Stop Loss opened up on the position three |
158 | 00:14:51 --> 00:14:56 | ticks above this high. Okay, so it was really, really thin in terms of the |
159 | 00:14:56 --> 00:15:01 | amount of movement. I wanted to allow it to go against me. Okay, and if it was |
160 | 00:15:01 --> 00:15:04 | going to drop, it was going to have to start doing like it did here. If it did |
161 | 00:15:04 --> 00:15:07 | all this back and forth and started running out, and I would have been |
162 | 00:15:07 --> 00:15:12 | waiting for this level here, but, you know, I was working with this morning |
163 | 00:15:12 --> 00:15:18 | session. And it is what it is sometimes when manual intervention is underway, |
164 | 00:15:18 --> 00:15:23 | and that's what all this stuff is in here, even I can't win against that. |
165 | 00:15:23 --> 00:15:26 | Okay? And there's no shame in that. There's no excuses about it. It's just |
166 | 00:15:26 --> 00:15:30 | that's the facts. My concepts work. They're strong on how to use them. I |
167 | 00:15:30 --> 00:15:33 | have enough experience to use them properly. You've seen it for a long |
168 | 00:15:33 --> 00:15:42 | time, but up against the hand, you know, at any time, they can do these types of |
169 | 00:15:42 --> 00:15:47 | things, and that's why we have to have proper risk management. Don't over |
170 | 00:15:47 --> 00:15:51 | leverage and stop losses have to be used. You cannot use a mental stop you |
171 | 00:15:51 --> 00:15:55 | cannot pretend that you'll I'm watching it real close. You can't do that in |
172 | 00:15:55 --> 00:15:58 | these environments right now, folks, I promise you, the people that are trading |
173 | 00:15:58 --> 00:16:01 | without stop losses are biting their nails. They're not sleeping well at |
174 | 00:16:01 --> 00:16:04 | night. Their digestive system is probably a wreck, and they're not |
175 | 00:16:04 --> 00:16:10 | consistently profitable. So that's gambling. That's really gambling. So I |
176 | 00:16:10 --> 00:16:16 | told everyone, once this occurred here, I said, Okay, turn your charts off, |
177 | 00:16:16 --> 00:16:20 | trust me. And then it went back and forth, and Hemington Hall dropped down |
178 | 00:16:20 --> 00:16:25 | into the first business favorite I got, then rallied up to that premium with |
179 | 00:16:25 --> 00:16:30 | consequence, and then started to maneuver back down. This type of thing |
180 | 00:16:30 --> 00:16:38 | is going to happen to you. You may get a trade on in a day like this, and suffer |
181 | 00:16:38 --> 00:16:43 | a loss, and then later on, see it do where you thought it was going to go to |
182 | 00:16:43 --> 00:16:48 | a specific level. And you get mad. You get tore up about it. You get emotional. |
183 | 00:16:49 --> 00:16:56 | Those guys did it to us guys again. That's, unfortunately, what this game |
184 | 00:16:56 --> 00:17:01 | sometimes entails, meaning you're going to do it wrong. No matter how good you |
185 | 00:17:01 --> 00:17:06 | are, you're good your concepts are, how good the mentor was. I taught to you all |
186 | 00:17:06 --> 00:17:13 | those things are well and good, but remember, it's still their casino, it's |
187 | 00:17:13 --> 00:17:17 | still their roles. It's still their advantage all the time. And they can |
188 | 00:17:17 --> 00:17:21 | come in here and move price because they own it. It's their commodity. They can |
189 | 00:17:21 --> 00:17:25 | make price wherever it wants to be at. In their eyes, it can go there right |
190 | 00:17:25 --> 00:17:31 | away. It matters, not where our stop loss or our position is net long or net |
191 | 00:17:31 --> 00:17:37 | short. So I want you to take a quick look again. Go back and look at what we |
192 | 00:17:37 --> 00:17:41 | have here for these PD arrays, because I'm going to be scrolling to the right |
193 | 00:17:41 --> 00:17:46 | in the future more, and I'm going to extend some of these levels here, so |
194 | 00:17:46 --> 00:17:52 | that way we know what we're looking at. Okay, so the first percent fair value |
195 | 00:17:52 --> 00:17:55 | gap here acts as an inversion. Fair value gap here, beautiful. This looks |
196 | 00:17:55 --> 00:17:59 | like it touches it as you zoom in on it, gets just real close to a tick or so |
197 | 00:17:59 --> 00:18:02 | away, and then rolls over, which is actually good, because you want to see |
198 | 00:18:02 --> 00:18:07 | them fail when it's weak. And if it can even touch the PD array and starts to |
199 | 00:18:07 --> 00:18:11 | sell off, then it's wonderful. Take the first fair value gap, and that would be |
200 | 00:18:11 --> 00:18:15 | right in here, which is an overlap of that daily volume imbalance here, and |
201 | 00:18:15 --> 00:18:19 | then trades down into the lower quadrant of that daily volume imbalance. And then |
202 | 00:18:19 --> 00:18:23 | we started banging around inside that and then trade it outside of it here, |
203 | 00:18:27 --> 00:18:32 | and later on in the afternoon, you can see that's that move outside and below |
204 | 00:18:32 --> 00:18:36 | the daily volume of balance, and it creates a sell side liquidity pool. The |
205 | 00:18:36 --> 00:18:40 | market rallies up, creates the runs off of the quadrants on the daily volume |
206 | 00:18:40 --> 00:18:44 | imbalance. It's that yellow shade dairy. That's the level I started with the |
207 | 00:18:44 --> 00:18:48 | daily chart. And it rallies back up the first percent of air value gap trades |
208 | 00:18:48 --> 00:18:52 | back down into the daily volume imbalance. Here's the afternoon session |
209 | 00:18:52 --> 00:18:55 | first presented fair value gap. It trades up into there's a morning |
210 | 00:18:55 --> 00:19:00 | session. First visit, very Vega, and then drops down below it. Any rain here |
211 | 00:19:00 --> 00:19:06 | hits, it starts to work lower and one more time. But during a macro 250, to |
212 | 00:19:06 --> 00:19:12 | 310, hits, the first business fair back tongue twister. I'm not going to edit |
213 | 00:19:12 --> 00:19:16 | any of this stuff out. It's the first presented fair value gap of the |
214 | 00:19:16 --> 00:19:20 | afternoon opening range, which is 132 o'clock. I've taught that. And again, |
215 | 00:19:20 --> 00:19:23 | I'm saving a lot of details about that because I know some of you are so |
216 | 00:19:23 --> 00:19:27 | hurried up to try to put something in print before me, but you're all going to |
217 | 00:19:27 --> 00:19:30 | be wrong when your books get out there. I promise you, you're going to be an |
218 | 00:19:30 --> 00:19:34 | embarrassment. And I'm not trying to be mean, but I'm holding it back for my own |
219 | 00:19:34 --> 00:19:40 | books. So there you go. The macro sends it lower and attacks the sell side here, |
220 | 00:19:41 --> 00:19:45 | like that, and banged around here, if you extend that first resent the |
221 | 00:19:45 --> 00:19:49 | Fairbank gap in the afternoon opening range, end up hitting it here, the body |
222 | 00:19:49 --> 00:19:52 | stay inside it. The wicks are allowed to do the damage, and then it trades back |
223 | 00:19:52 --> 00:19:56 | down into the lower end of that daily volume imbalance. So. |
224 | 00:20:06 --> 00:20:09 | That's it for this one. Folks, hope you found it insightful. Just a quick note, |
225 | 00:20:09 --> 00:20:13 | I get a lot of questions a lot of times, folks will post things to me on X or |
226 | 00:20:13 --> 00:20:18 | they'll send it to me in the comment section on my YouTube channels. Do I |
227 | 00:20:18 --> 00:20:24 | have a account on Facebook. No, I do not. I don't have an account on Tiktok. |
228 | 00:20:24 --> 00:20:27 | I don't have an account on threads. I don't have an account on Instagram. I |
229 | 00:20:27 --> 00:20:32 | don't have an account on Discord. I have one telegram channel that you are |
230 | 00:20:32 --> 00:20:36 | welcome to be a part of. It's free. Everything I share in air real time, |
231 | 00:20:37 --> 00:20:42 | which will be later, transitioning to where I will send PDF notes and study |
232 | 00:20:42 --> 00:20:47 | notes and study guides on either market reviews for the week so that we can go |
233 | 00:20:47 --> 00:20:53 | through I want to do not a not an everyday or every week type thing, but I |
234 | 00:20:53 --> 00:20:58 | want to do a example of how, if I was going to do electronic logging or |
235 | 00:20:58 --> 00:21:03 | journaling, What would it look like, and what things would I include in it? Okay, |
236 | 00:21:03 --> 00:21:07 | so that way you kind of get a feel for what I think you should be as my student |
237 | 00:21:07 --> 00:21:14 | doing every day, every day or week or month or quarter or year. All these |
238 | 00:21:14 --> 00:21:17 | things are going to help build your understanding about who you are as a |
239 | 00:21:17 --> 00:21:21 | trader, what you're going to focus on, specialize in, and help make a more |
240 | 00:21:21 --> 00:21:24 | concise trading plan using what I'm teaching here, because not every concept |
241 | 00:21:24 --> 00:21:29 | I've ever taught is applied by me in every every instance or every model. It |
242 | 00:21:29 --> 00:21:34 | says you have to find what makes sense to you, what what's germane to your |
243 | 00:21:35 --> 00:21:39 | understanding about yourself and price. Are you a contrarian? Are you someone |
244 | 00:21:39 --> 00:21:44 | that takes a lot of things that change your mind, or are you very short fused, |
245 | 00:21:44 --> 00:21:47 | and you change your mind a lot in decisive all those things are |
246 | 00:21:47 --> 00:21:50 | characteristics, personality wise, that are going to help you build a model that |
247 | 00:21:50 --> 00:21:56 | fits that. And all of my PD arrays can be used to formulate that. But you first |
248 | 00:21:56 --> 00:21:59 | have to go through the process of discovering who you are and what makes |
249 | 00:21:59 --> 00:22:02 | you tick, and how will you self destruct? Because no matter whose |
250 | 00:22:02 --> 00:22:06 | concepts you use, who's your teacher, whatever thing you're going to trade |
251 | 00:22:06 --> 00:22:12 | with, if you are reckless and in many ways likely to self destruct at any |
252 | 00:22:12 --> 00:22:15 | time, you're going to do that with anybody's concepts, with anybody else's |
253 | 00:22:15 --> 00:22:19 | mentorship or anybody else's winning system. Even if they had winning trade |
254 | 00:22:19 --> 00:22:23 | signals, if you follow them, you'll still mess it up. Okay, so that's why I |
255 | 00:22:23 --> 00:22:28 | teach the way I do, because it isn't enough for you to know a good system or |
256 | 00:22:28 --> 00:22:34 | attacking the price action with secret weapons of PD arrays, or, you know, the |
257 | 00:22:34 --> 00:22:38 | correct supporter resistance or whatever indicator settings you like. It's first |
258 | 00:22:38 --> 00:22:43 | understanding who you are, and that's what makes me the most boring mentor, |
259 | 00:22:44 --> 00:22:50 | but it also, in many ways, makes me the leading edge of what makes it work best. |
260 | 00:22:50 --> 00:22:55 | And apply that to anybody else's strategies, and you'll see that they |
261 | 00:22:55 --> 00:23:00 | work near flawlessly because you've corrected the source problem, which is |
262 | 00:23:00 --> 00:23:03 | going to be you, the operator, and if you don't fix that first, everything |
263 | 00:23:03 --> 00:23:08 | else is going to fall Okay, so I'll talk to you next time. Be safe. You. |