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2 |1 |00:00:06 ~-~-> 00:00:10 |ICT: Hi folks, welcome back. We are looking at the NASDAQ now. I was going
3 |2 |00:00:10 ~-~-> 00:00:13 |to do two videos. I was going to make one earlier this morning, about
4 |3 |00:00:13 ~-~-> 00:00:19 |yesterday, and then wait till this afternoon and do today's video. But
5 |4 |00:00:19 ~-~-> 00:00:25 |like, blend them together so and I'll save you some video. Watch time. I'll
6 |5 |00:00:25 ~-~-> 00:00:32 |try to be as brief as I can possibly be. You know how I am. All right? So first
7 |6 |00:00:32 ~-~-> 00:00:37 |and foremost, let's take a look at yesterday. Here is Tuesday's daily
8 |7 |00:00:37 ~-~-> 00:00:42 |candle. And inside this little area right there that is a volume imbalance,
9 |8 |00:00:42 ~-~-> 00:00:47 |because the the wicks bridge the two bodies together, but there's no body
10 |9 |00:00:47 ~-~-> 00:00:53 |laying in there still has yet to be a body laying inside that little area. So
11 |10 |00:00:53 ~-~-> 00:01:02 |the market opened, traded down into that here, and also this wick, this candle
12 |11 |00:01:02 ~-~-> 00:01:06 |right here. It's wick. I'm measuring that to get the consequent encroachment.
13 |12 |00:01:06 ~-~-> 00:01:16 |That's what that red line is here. Okay, and one piece I forget about, I might
14 |13 |00:01:16 ~-~-> 00:01:22 |talk and forget this. This wick right here, is a draw and a consequent
15 |14 |00:01:22 ~-~-> 00:01:28 |encroachment is this level here. So for like, Non Farm Payroll, Thursday and
16 |15 |00:01:28 ~-~-> 00:01:34 |Friday, I think that that might be a upside draw, and then, if it gets really
17 |16 |00:01:34 ~-~-> 00:01:40 |animated, the high here, and then that small little volume imbalance right
18 |17 |00:01:40 ~-~-> 00:01:47 |there. Okay, so that's kind of like what I'm expecting. I'm not demanding it,
19 |18 |00:01:47 ~-~-> 00:01:53 |obviously, but that's what I think is probably unfolding. But I could be
20 |19 |00:01:53 ~-~-> 00:01:56 |wrong. It's not our barrel, so don't they'll be taking trades based on what
21 |20 |00:01:56 ~-~-> 00:02:03 |this set. Also looking back to this wick here, okay, that consequent encroachment
22 |21 |00:02:03 ~-~-> 00:02:10 |there. That's that there, but now it was a premium draw on liquidity. When we
23 |22 |00:02:10 ~-~-> 00:02:15 |were down here, remember that? And then now, because we went above it, this
24 |23 |00:02:15 ~-~-> 00:02:27 |would actually become a discount. So like, okay, so I'll actually change that
25 |24 |00:02:27 ~-~-> 00:02:33 |color. These are all things I should have done before. Dude, you could have
26 |25 |00:02:33 ~-~-> 00:02:37 |did all this in five minutes. I don't know. I like dragging across the coals
27 |26 |00:02:37 ~-~-> 00:02:44 |the ones that don't want to be here. So yesterday we had again the market open
28 |27 |00:02:44 ~-~-> 00:02:48 |trade down that volume and balance and consequent encroachment of this scandals
29 |28 |00:02:48 ~-~-> 00:02:55 |wick, that's half of the wicks length, and then it traded higher and took out
30 |29 |00:02:55 ~-~-> 00:03:01 |the previous day's high and traded inside of this wick. So if we take that
31 |30 |00:03:01 ~-~-> 00:03:10 |wick and we add now the 25 level and the 75 level, these are all pertinent. Those
32 |31 |00:03:10 ~-~-> 00:03:17 |are all still likely targets, if not the high itself going into nonprofit Friday,
33 |32 |00:03:17 ~-~-> 00:03:23 |okay, the reason why I think that's likely to occur, because it's come down
34 |33 |00:03:23 ~-~-> 00:03:30 |and filled in even this gap in here. So we have a separation between these
35 |34 |00:03:30 ~-~-> 00:03:35 |candles low. This candle is high, and we traded down into that today, and it's
36 |35 |00:03:35 ~-~-> 00:03:41 |came off that pretty aggressively. So yesterday, started the run up, and I
37 |36 |00:03:41 ~-~-> 00:03:45 |think they came down, stopped everybody out. That would be long ahead of
38 |37 |00:03:45 ~-~-> 00:03:50 |Thursday and Friday, knock on payroll, and then we'll see what we get. I could
39 |38 |00:03:50 ~-~-> 00:03:55 |obviously be wrong, but again, these, these are the details as to why I
40 |39 |00:03:55 ~-~-> 00:03:59 |believe what I believe. So we're gonna jump right down into a one minute chart
41 |40 |00:03:59 ~-~-> 00:04:01 |and cut to the chase,
42 |41 |00:04:07 ~-~-> 00:04:17 |and we will look at the I wish there was a way. And those of you that know more
43 |42 |00:04:17 ~-~-> 00:04:23 |about trading view than I do remember an empty for saying, Remember, because I
44 |43 |00:04:23 ~-~-> 00:04:28 |don't do anything with empty for anymore, but remember when the platform
45 |44 |00:04:28 ~-~-> 00:04:31 |would allow you to go back to a very specific date just by a couple
46 |45 |00:04:31 ~-~-> 00:04:35 |keystrokes, boom. Thing earlier, is that possible with trading view? Because I
47 |46 |00:04:35 ~-~-> 00:04:40 |don't know if it is. If it is, send me a message on x and say, Hey, ICT, this is
48 |47 |00:04:40 ~-~-> 00:04:45 |what you're looking for for trading you. And I'll jump to that all right. So
49 |48 |00:04:45 ~-~-> 00:04:50 |here's Tuesday in the afternoon, and I showed you all those trades and stuff.
50 |49 |00:04:50 ~-~-> 00:04:56 |But the Monday review, I.
51 |50 |00:05:01 ~-~-> 00:05:10 |I stated that you can go in and do this fair value Okay, remember, I had the
52 |51 |00:05:10 ~-~-> 00:05:13 |higher one up here. I took that off so that we are tensions right in here.
53 |52 |00:05:14 ~-~-> 00:05:20 |Notice that fair value gap is also inside that daily volume imbalance. The
54 |53 |00:05:20 ~-~-> 00:05:25 |blue shaded box here again, pause the video, rewind it until we are talking
55 |54 |00:05:25 ~-~-> 00:05:29 |about the daily chart, and you'll see what that blue area is here on the daily
56 |55 |00:05:29 ~-~-> 00:05:36 |chart. Well, that fair value gap is inside of that, and I told you to draw
57 |56 |00:05:36 ~-~-> 00:05:39 |that out. And those that did were surprised to see how it came down to hit
58 |57 |00:05:39 ~-~-> 00:05:44 |that but I want you to take a look at what was also seen.
59 |58 |00:05:50 ~-~-> 00:05:56 |We have relative equal highs. This is why I do the PowerPoint slides, because
60 |59 |00:05:56 ~-~-> 00:05:59 |I ain't got to do all this stuff back and forth this high and this high. So
61 |60 |00:05:59 ~-~-> 00:06:02 |they're relatively equal. That means there's lots of eyesight about this high
62 |61 |00:06:02 ~-~-> 00:06:14 |here. They took the cell side out there, and we dropped down into classical
63 |62 |00:06:14 ~-~-> 00:06:20 |encroachment of that blue shaded volume imbalance there just fell short of that
64 |63 |00:06:20 ~-~-> 00:06:37 |there and then the low here. It's the short term low there, net buy side of
65 |64 |00:06:37 ~-~-> 00:06:38 |balance, cell sign, efficiency. So
66 |65 |00:06:45 ~-~-> 00:06:50 |now, when you look at that, look at the bodies here, respecting that fair value
67 |66 |00:06:50 ~-~-> 00:06:53 |gaps. I told you that would become an inversion fair value gap, Monday's night
68 |67 |00:06:53 ~-~-> 00:06:59 |review for Tuesday's trading, we trade down into that here, consequent
69 |68 |00:06:59 ~-~-> 00:07:03 |encouragement of the fair value gap. And again, if you're not clear as to what
70 |69 |00:07:03 ~-~-> 00:07:07 |I'm talking about here again, look at the Monday market review, and you'll see
71 |70 |00:07:07 ~-~-> 00:07:13 |this has been suggested to you to draw it out. I didn't do it in my chart, but
72 |71 |00:07:13 ~-~-> 00:07:18 |I told you you can do this too. And those that did it would have it on their
73 |72 |00:07:18 ~-~-> 00:07:23 |chart Tuesday's trading, and it trades down into it here, hits it rallies back
74 |73 |00:07:23 ~-~-> 00:07:28 |out, and then the body's supporting it here at the high we stab down to it one
75 |74 |00:07:28 ~-~-> 00:07:32 |more time, and then we start to run away, and then it comes right back down
76 |75 |00:07:32 ~-~-> 00:07:36 |into the daily volume and balance high see that then rallies up back into the
77 |76 |00:07:36 ~-~-> 00:07:40 |new week, opening gap and clearing the Buy side multiple times, and then
78 |77 |00:07:41 ~-~-> 00:07:48 |picking up south side here and here, and rise up continuing into the rest of the
79 |78 |00:07:48 ~-~-> 00:07:54 |day in the afternoon trade I showed you that. I'm just gonna put the point on
80 |79 |00:07:54 ~-~-> 00:08:02 |review and all that again. The new week opening gap was used later in the
81 |80 |00:08:02 ~-~-> 00:08:09 |afternoon and evening during the Asian session, and then use this resistance
82 |81 |00:08:09 ~-~-> 00:08:14 |here. Sold off all these things, consequent crochet. Look at that, all
83 |82 |00:08:14 ~-~-> 00:08:20 |these things I mentioned during the Saturday space is it's what you're
84 |83 |00:08:20 ~-~-> 00:08:24 |seeing here in the chart. It's just, it's beautiful to see it deliver as
85 |84 |00:08:24 ~-~-> 00:08:30 |outlined, and it repeats over and over again. And I mentioned the the buy side
86 |85 |00:08:30 ~-~-> 00:08:35 |the other day, that's this level here. And in that new week opening gap, it's,
87 |86 |00:08:35 ~-~-> 00:08:42 |it's been working basically those levels back and forth. And then today, in in
88 |87 |00:08:42 ~-~-> 00:08:47 |Telegram, I told everyone I posted basically this chart here. I said I was
89 |88 |00:08:47 ~-~-> 00:08:51 |watching this inversion fair value gap, where it was used here, and it broke
90 |89 |00:08:51 ~-~-> 00:08:54 |down once we cheated inside a new week opening gap. I'll let you watch the
91 |90 |00:08:54 ~-~-> 00:08:58 |videos in the telegram channel. I'm not going to rehash that, because there's a
92 |91 |00:08:58 ~-~-> 00:09:01 |lot of good information in those very short videos, if you don't remember the
93 |92 |00:09:01 ~-~-> 00:09:04 |telegram channel, and then you won't learn about it's not that big video.
94 |93 |00:09:04 ~-~-> 00:09:09 |It's not earth shattering, but it is something that I think is is pertinent
95 |94 |00:09:09 ~-~-> 00:09:12 |to building consistency and know what you're looking for. And then we trade
96 |95 |00:09:12 ~-~-> 00:09:17 |down into the 25th of April's opening range gap. We pause here, drop down into
97 |96 |00:09:17 ~-~-> 00:09:24 |it. Use it as resistance here. And it finally gives, gives rather another drop
98 |97 |00:09:24 ~-~-> 00:09:31 |lower. And then we have the market reaching down in short term low. And
99 |98 |00:09:31 ~-~-> 00:09:39 |then here's news, and this is my Venom model. Now, if you're new, you don't
100 |99 |00:09:39 ~-~-> 00:09:45 |know what a venom model is I only taught it introductory, introductory Lee. I'm
101 |100 |00:09:45 ~-~-> 00:09:48 |just, I just coined that term. If it's not real, I'm not sure if it is, but if
102 |101 |00:09:48 ~-~-> 00:09:53 |it isn't, you know, I got dibs on it. The way it works is, first you have to
103 |102 |00:09:53 ~-~-> 00:09:58 |know what you're looking for, in this case, higher prices. Why? Because it's
104 |103 |00:09:58 ~-~-> 00:10:04 |been dropped all day long. I. And here is your sell side liquidity. I have a
105 |104 |00:10:04 ~-~-> 00:10:08 |video tutorial on this so you can go back and watch it. There's sell side
106 |105 |00:10:08 ~-~-> 00:10:15 |here, and they drop it down through the low but they do it with a city cells on
107 |106 |00:10:15 ~-~-> 00:10:19 |a balanced buy center efficiency. And they do a few candles down here, and
108 |107 |00:10:19 ~-~-> 00:10:25 |then they send it ripping right back up. And that single candle going back above
109 |108 |00:10:25 ~-~-> 00:10:34 |that low is a busy so we have a strong, one sided candle going down to take the
110 |109 |00:10:34 ~-~-> 00:10:39 |liquidity, a couple candles left underneath that low to absorb all the
111 |110 |00:10:39 ~-~-> 00:10:45 |cell stops for accumulation purposes, and they displace it higher. This is the
112 |111 |00:10:45 ~-~-> 00:10:50 |two fangs that make up that model I call venom, and they're injecting the venom
113 |112 |00:10:50 ~-~-> 00:10:58 |into these. Cell stops, so Fang one, Fang two. Then leads, okay, so there's,
114 |113 |00:10:58 ~-~-> 00:11:03 |I don't want to kill the the joy of watching the venom video that's on my
115 |114 |00:11:03 ~-~-> 00:11:07 |YouTube channel. This is not all there is to venom. There's a lot of other
116 |115 |00:11:07 ~-~-> 00:11:11 |things that I'll have in a book format. Because I know some of you are already
117 |116 |00:11:11 ~-~-> 00:11:15 |rushing to put something together and sell it on Amazon, and it's gonna be
118 |117 |00:11:15 ~-~-> 00:11:18 |wrong if you do, I promise you, and I'll probably go into your comment section
119 |118 |00:11:18 ~-~-> 00:11:22 |and leave a review and tell them don't look at your stuff because it's garbage.
120 |119 |00:11:22 ~-~-> 00:11:26 |So don't let me go to that extreme, because I will. I'd like to do those
121 |120 |00:11:26 ~-~-> 00:11:32 |types of stuff as a guy out there. John fibotti, he tried that show. And, yeah,
122 |121 |00:11:33 ~-~-> 00:11:40 |hello, right. So I'm looking for a entry before this candles high is taken out, I
123 |122 |00:11:40 ~-~-> 00:11:44 |want to be buying. And there's two ways you can do it. You can do as a buy on a
124 |123 |00:11:44 ~-~-> 00:11:48 |stop so buy stop. This candle sticks high. You can buy it that way, or if
125 |124 |00:11:48 ~-~-> 00:11:54 |you're trying to keep a tighter stop loss, you can be buying at this candle
126 |125 |00:11:54 ~-~-> 00:11:59 |sticks open or less. Okay, so it's a power three type of entry model, so
127 |126 |00:11:59 ~-~-> 00:12:07 |opening price comes in at 19,001 74 even so you can put a limit order in. As soon
128 |127 |00:12:07 ~-~-> 00:12:12 |as this candlestick closes and you open a new one, the limit order goes in at
129 |128 |00:12:12 ~-~-> 00:12:17 |this candlesticks opening price at 19,001 74.00 you put the limit order in
130 |129 |00:12:17 ~-~-> 00:12:25 |and in this candlestick here you'll see that I got filled. You. There, and you
131 |130 |00:12:25 ~-~-> 00:12:30 |can see that there. See it Look, look real close right in here, I'll try to
132 |131 |00:12:30 ~-~-> 00:12:35 |zoom the video in there is that little carrot symbol that tells you where the
133 |132 |00:12:35 ~-~-> 00:12:39 |actual fill is. And there's the numerical value. Now the stop loss on
134 |133 |00:12:39 ~-~-> 00:12:47 |that trade is this this busy? And if you look at or I have the FIB, see the lower
135 |134 |00:12:47 ~-~-> 00:12:52 |anchored point and the higher anchor point, those two reference points, and
136 |135 |00:12:52 ~-~-> 00:12:55 |that's what this level is here, consequent encroachment of that stop
137 |136 |00:12:55 ~-~-> 00:13:02 |loss has to be just below that. Why? Because this venom model is a valence
138 |137 |00:13:02 ~-~-> 00:13:06 |price range, and it should not come back down here. If it does, it's not a venom,
139 |138 |00:13:06 ~-~-> 00:13:10 |and it's probably gonna be a wrong trade, okay, I'm not gonna be profitable
140 |139 |00:13:10 ~-~-> 00:13:14 |if it goes down to consequent crochet or less than so I can put a stop loss just
141 |140 |00:13:14 ~-~-> 00:13:18 |below that and feel confident that it's okay. And the market daily dies around
142 |141 |00:13:18 ~-~-> 00:13:22 |in here and then sends it higher. Now I was, I was watching this. I'm, I'm
143 |142 |00:13:22 ~-~-> 00:13:27 |smiling to myself. I knew it's going to go up here and take that out, but I
144 |143 |00:13:27 ~-~-> 00:13:31 |forgot that I was only supposed to be taking trades with 30 in the morning, 20
145 |144 |00:13:31 ~-~-> 00:13:36 |in the afternoon. So I lost sight of everything. I got punch drunk because I
146 |145 |00:13:36 ~-~-> 00:13:40 |was watching a live streamer in their chat window, whatnot. So I just, I just
147 |146 |00:13:40 ~-~-> 00:13:44 |collapsed the trade there and was content with that. There's no there's no
148 |147 |00:13:44 ~-~-> 00:13:48 |real reason for anything except for I didn't follow what I was setting out to
149 |148 |00:13:48 ~-~-> 00:13:52 |do, and I was wanting to showcase to you all here. So this is me not following
150 |149 |00:13:53 ~-~-> 00:13:56 |the outline I set for all of you, but still, nonetheless, it's still fun to
151 |150 |00:13:56 ~-~-> 00:14:06 |see it. And ultimately, it goes above the 90,300 and these highs in here comes
152 |151 |00:14:06 ~-~-> 00:14:11 |back down in re accumulates, and all of this is occurring also around the
153 |152 |00:14:11 ~-~-> 00:14:17 |opening range that low of the 25th note that. So there are several things there.
154 |153 |00:14:17 ~-~-> 00:14:25 |We have a market maker, buy model, okay, and I'm buying at the low risk buy. And
155 |154 |00:14:25 ~-~-> 00:14:30 |you could have done accumulation, re accumulation, and then send it up there
156 |155 |00:14:30 ~-~-> 00:14:33 |like that. That would have been wonderful for a market maker, buy model,
157 |156 |00:14:33 ~-~-> 00:14:38 |and then it continues, actually going higher. And you can see it rips through
158 |157 |00:14:38 ~-~-> 00:14:44 |that old volume imbalance on the daily chart after using the old opening range
159 |158 |00:14:44 ~-~-> 00:14:49 |gap of the 25th and watch what happens here. We trade back down into that
160 |159 |00:14:49 ~-~-> 00:14:53 |opening range gap, but look at the body right there. I love seeing that. It's
161 |160 |00:14:53 ~-~-> 00:14:57 |telling you that. Okay, we stopped here. The next candle should go bullish. It
162 |161 |00:14:57 ~-~-> 00:15:01 |opens slightly below it and then quickly read. Exit takes the buy side. Look at
163 |162 |00:15:01 ~-~-> 00:15:06 |these candles here. See how smooth they are. Where there's smooth price action.
164 |163 |00:15:07 ~-~-> 00:15:13 |It becomes jagged. It rips through here. Next buy side is here. It pumps. It
165 |164 |00:15:13 ~-~-> 00:15:17 |pummels that rather. And we have this consolidation in here. And they pump it
166 |165 |00:15:17 ~-~-> 00:15:22 |right up into new week, opening gap for this week, lots of price action,
167 |166 |00:15:22 ~-~-> 00:15:28 |delivery in here, encroachment. Look at the bodies. That's so beautiful. All
168 |167 |00:15:28 ~-~-> 00:15:33 |these folks out there saying, ICT, you didn't create or invent a gap at the
169 |168 |00:15:33 ~-~-> 00:15:37 |open of a week? No, I didn't. I didn't create that, but I gave you the logic on
170 |169 |00:15:37 ~-~-> 00:15:41 |how you're going to trade it and use it, precision based that was never in any
171 |170 |00:15:41 ~-~-> 00:15:44 |books. You're never going to see that. They'll they'll say, Oh yeah, it's going
172 |171 |00:15:44 ~-~-> 00:15:48 |to fill the gap. Gaps like to be filled. It could it could be used as an entry or
173 |172 |00:15:48 ~-~-> 00:15:52 |a target, wonderful. But once it goes to that gap and closes it up, everybody
174 |173 |00:15:52 ~-~-> 00:15:58 |else forgets it. That's what separates me from the boys. The boys, they're all
175 |174 |00:15:58 ~-~-> 00:16:02 |chasing something new, and my stuff never gets stale, at least not for 60
176 |175 |00:16:02 ~-~-> 00:16:08 |days. Okay, 20 day, look back. 40 day, look back. 60 day, look back. This is
177 |176 |00:16:08 ~-~-> 00:16:11 |only a couple days ago, and it's really, really fresh. So it drops back down,
178 |177 |00:16:11 ~-~-> 00:16:17 |takes out the sell side here, and gravitates right back up to the new weak
179 |178 |00:16:17 ~-~-> 00:16:24 |opening gap low this run here to there, that small little scalp right there,
180 |179 |00:16:24 ~-~-> 00:16:28 |that could be your role model. That could be just what you're looking for,
181 |180 |00:16:28 ~-~-> 00:16:36 |your model. See this wick, okay, usually turn this into a four hour video, so I
182 |181 |00:16:36 ~-~-> 00:16:39 |have to be careful. Do it. ICT do it.
183 |182 |00:16:41 ~-~-> 00:16:45 |You see that right there, consequent encroachment of this wick. It's a
184 |183 |00:16:45 ~-~-> 00:16:49 |discount wick. When price goes above it, if you know it's likely to draw back
185 |184 |00:16:49 ~-~-> 00:16:54 |into the new week open gap. Soon as we break above it, the next candle we open,
186 |185 |00:16:54 ~-~-> 00:16:57 |trade down to it there. Boom, there you go. There's your entry. And this portion
187 |186 |00:16:58 ~-~-> 00:17:02 |should stay open as well a breakaway gap, and it rallies right back up into
188 |187 |00:17:02 ~-~-> 00:17:05 |they take the short term buy side here and back into the new week, opening gap
189 |188 |00:17:05 ~-~-> 00:17:10 |low, and now we're just hammering around. This is kind of like typical
190 |189 |00:17:10 ~-~-> 00:17:17 |trash Wednesday afternoon of Non Farm Payroll Thursday. I've already told you
191 |190 |00:17:17 ~-~-> 00:17:21 |what I think is likely to be a long term daily chart. Not that's not that it's
192 |191 |00:17:21 ~-~-> 00:17:26 |long term, but that's my higher time frame for day trading. Our short term
193 |192 |00:17:26 ~-~-> 00:17:30 |trading is the weekly chart. Swing Trading is the it's the monthly chart.
194 |193 |00:17:31 ~-~-> 00:17:36 |So by having that understanding that we could potentially trade higher on the
195 |194 |00:17:36 ~-~-> 00:17:41 |daily chart, Thursday and Friday going into it, I'm looking for reasons why the
196 |195 |00:17:41 ~-~-> 00:17:44 |market may want to justify running to those levels, as I indicated on the
197 |196 |00:17:44 ~-~-> 00:17:49 |daily chart here. It's just to me, you shouldn't be doing anything with this.
198 |197 |00:17:49 ~-~-> 00:17:52 |And I know we're in the last hour trading. I don't like to trade the last
199 |198 |00:17:52 ~-~-> 00:17:58 |hour trading on Non Farm Payroll, weeks, Wednesday or Thursday, Friday of Non
200 |199 |00:17:58 ~-~-> 00:18:03 |Farm Payroll. Absolutely, absolutely. I love doing that, but just know that on
201 |200 |00:18:03 ~-~-> 00:18:06 |your notes in your journal for Wednesday and Thursdays of non front people,
202 |201 |00:18:06 ~-~-> 00:18:10 |Fridays, final hour trading, it's a big gamble. Sure, you might have a big win
203 |202 |00:18:10 ~-~-> 00:18:14 |and might be thanking yourself that you didn't listen to me when I said it. But
204 |203 |00:18:14 ~-~-> 00:18:19 |I'm speaking to new students, new traders. Trust me, it's better to do
205 |204 |00:18:19 ~-~-> 00:18:23 |this than to go out there trying to gamble, and either it doesn't do
206 |205 |00:18:23 ~-~-> 00:18:28 |anything, or it does something unexpected and hurts you. Okay, this
207 |206 |00:18:28 ~-~-> 00:18:33 |week is one of those weeks where you can very easily get hurt and not fully
208 |207 |00:18:33 ~-~-> 00:18:39 |understand why. So you have to dial back your level of exposure and risk. That
209 |208 |00:18:39 ~-~-> 00:18:43 |means trade frequency falls off precipitously. Your leverage falls off
210 |209 |00:18:43 ~-~-> 00:18:49 |precipitously. And just be content with what you can do on Monday and Tuesday,
211 |210 |00:18:49 ~-~-> 00:18:55 |and maybe london session or Asia Tuesday night into Wednesday. Okay and and limit
212 |211 |00:18:55 ~-~-> 00:18:59 |your trading to that as a new trader, and just watch just paper trade or tape
213 |212 |00:18:59 ~-~-> 00:19:05 |read on Wednesdays, Thursdays, and certainly for her, not appropriate world
214 |213 |00:19:05 ~-~-> 00:19:08 |Friday. So hopefully found this insightful. Hopefully it was helpful to
215 |214 |00:19:08 ~-~-> 00:19:12 |you, and until I'll talk to you next time. Lord willing. Be safe. Bye.
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