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2 |1 |00:00:40 ~-~-> 00:00:48 |ICT: All right, this thing is wrestling with me today. So I think I believe that
3 |2 |00:00:48 ~-~-> 00:00:57 |I have everything as it should be. So you'll let me know, obviously, on X if
4 |3 |00:00:57 ~-~-> 00:01:05 |the audio is good, me a five by five. It's good for the audio.
5 |4 |00:01:12 ~-~-> 00:01:17 |If you can see the chart, clear this. I mean all clear.
6 |5 |00:01:35 ~-~-> 00:01:38 |Thank you. Pamela, no, I need to know if you can hear Me. I
7 |6 |00:01:58 ~-~-> 00:02:02 |anybody telling me they can hear me yet? That's not good. You
8 |7 |00:02:10 ~-~-> 00:02:11 |can play with your toys right now. I
9 |8 |00:02:25 ~-~-> 00:02:31 |Awesome. All right, so is the volume good? So I don't want to have to yield
10 |9 |00:02:31 ~-~-> 00:02:37 |any complaints in the comments to me on x about how they can't hear me because
11 |10 |00:02:38 ~-~-> 00:02:42 |all the settings are up. I have a professional microphone. Everything is
12 |11 |00:02:42 ~-~-> 00:02:49 |as it should be, so you need to turn your device volume up. All right, so
13 |12 |00:02:53 ~-~-> 00:02:58 |let's get over here to the chart real quick. All right, so first and foremost,
14 |13 |00:02:58 ~-~-> 00:03:02 |obviously, you know the things I'm going to talk about today, you know the drill.
15 |14 |00:03:02 ~-~-> 00:03:06 |It's not meant to get you into a trade. I'm not inspiring you to buy or sell
16 |15 |00:03:06 ~-~-> 00:03:12 |today. If you are a trader that may view what I'm going to talk about today as
17 |16 |00:03:12 ~-~-> 00:03:15 |distracting and you want to focus on your trades, it's better for you to come
18 |17 |00:03:15 ~-~-> 00:03:20 |back to this after you've done your trading. Okay? I don't want to influence
19 |18 |00:03:20 ~-~-> 00:03:24 |you. I don't want to have any kind of influence that would make you see
20 |19 |00:03:24 ~-~-> 00:03:30 |something that you may be not find interesting or a setup for your
21 |20 |00:03:30 ~-~-> 00:03:34 |particular model. So this is the part where you do due diligence on your own
22 |21 |00:03:34 ~-~-> 00:03:39 |end and own the responsibility of your own actions. So everything I'm saying
23 |22 |00:03:39 ~-~-> 00:03:44 |here is, my opinion. Nothing is meant to be investment advice, no trade advice,
24 |23 |00:03:44 ~-~-> 00:03:49 |no. Here's a buy, sell signal or sell sell, nothing like that. Okay, all we're
25 |24 |00:03:49 ~-~-> 00:03:53 |doing is going over number one, the first 10 minutes, is going to be this
26 |25 |00:03:54 ~-~-> 00:03:58 |quick, brief little thing about how you can go right into this with a fresh
27 |26 |00:03:58 ~-~-> 00:04:02 |start, not trying to have every ICT thing in the repertoire is simply going
28 |27 |00:04:02 ~-~-> 00:04:06 |in and how do you take rate, how do you watch price action, looking for certain
29 |28 |00:04:06 ~-~-> 00:04:10 |things. If you're brand new to what it is that I teach, this is like the crash
30 |29 |00:04:10 ~-~-> 00:04:17 |course today, right to the point I will stay with you about 10 minutes after 10,
31 |30 |00:04:17 ~-~-> 00:04:21 |simply because there's a news driver coming out manufacturing PMI at 10am
32 |31 |00:04:22 ~-~-> 00:04:28 |Eastern Time. So I'll, I'll be a part of the observation of that with you, but at
33 |32 |00:04:28 ~-~-> 00:04:32 |1010, I'll cut the stream, and then you all can go over there to x and say you
34 |33 |00:04:32 ~-~-> 00:04:43 |didn't learn anything, right? So on the left hand side we have the daily chart
35 |34 |00:04:43 ~-~-> 00:04:49 |of the E minus NASDAQ December contract, or as we call it in the industry,
36 |35 |00:04:49 ~-~-> 00:04:56 |Christmas contract, or Christmas and queue or NASDAQ. And on the right hand
37 |36 |00:04:56 ~-~-> 00:05:01 |side is a one minute chart. Now, if you notice in the. Lower right hand corner,
38 |37 |00:05:01 ~-~-> 00:05:08 |I have it set to electronic trading hours. Okay? I'm going to toggle to
39 |38 |00:05:08 ~-~-> 00:05:17 |regular trading hours, and I want you to take a look at here we have Tuesday
40 |39 |00:05:18 ~-~-> 00:05:30 |yesterday over trading. HOURS close, in other words, where you would see the end
41 |40 |00:05:31 ~-~-> 00:05:37 |of like day session hours, and then it would resume trading, still with
42 |41 |00:05:37 ~-~-> 00:05:42 |electronic trading hours, but you're not seeing anything past this on this
43 |42 |00:05:42 ~-~-> 00:05:50 |perspective, until at 930 wherever we open up, then there'll be a new price,
44 |43 |00:05:50 ~-~-> 00:05:56 |price charter bar. Start calculating the chart right now, I have it toggle where
45 |44 |00:05:56 ~-~-> 00:06:00 |it's not being shown. So now, if I do that, that's my regular trading hours,
46 |45 |00:06:01 ~-~-> 00:06:05 |opening range high the way you create that. I promise you. We're only going to
47 |46 |00:06:05 ~-~-> 00:06:08 |go a couple minutes like this, and then we're going to be watching price action.
48 |47 |00:06:08 ~-~-> 00:06:13 |But I just want to have something out here on the channel, so that way you can
49 |48 |00:06:13 ~-~-> 00:06:18 |watch the price action without me, and then come back and watch my stream later
50 |49 |00:06:18 ~-~-> 00:06:23 |on as a recording and see how well you did okay, but today it's just like an
51 |50 |00:06:23 ~-~-> 00:06:27 |entry level. This is how you set your chart up with next to no understanding
52 |51 |00:06:27 ~-~-> 00:06:30 |about what it is I teach, or if you never went through it. This is how you
53 |52 |00:06:30 ~-~-> 00:06:34 |can go and start observing, okay, and collecting the information and data.
54 |53 |00:06:34 ~-~-> 00:06:39 |What you're gonna do is give you an aligned segment horizontal array, and
55 |54 |00:06:39 ~-~-> 00:06:48 |you find the 4:14pm, always set your chart to New York time, and just drop
56 |55 |00:06:48 ~-~-> 00:06:53 |that here for a second, right here. Scroll up where it says New York. I
57 |56 |00:06:53 ~-~-> 00:06:59 |don't care where you live. Your chart has to be set to that. Everything else
58 |57 |00:06:59 ~-~-> 00:07:02 |will be germane after that. But if you don't have that set correctly,
59 |58 |00:07:02 ~-~-> 00:07:06 |everything that I teach or talk about, or if you're going to think of the
60 |59 |00:07:06 ~-~-> 00:07:10 |market algorithmically, you're not going to be on time. Okay, so you need to have
61 |60 |00:07:10 ~-~-> 00:07:14 |it set to New York. Now, with that out of the way, you would take the
62 |61 |00:07:15 ~-~-> 00:07:20 |horizontal Ray and just drop it right on the close of that last candle. And you
63 |62 |00:07:20 ~-~-> 00:07:24 |always want to double check, because, like me, I have 53 old eyes. It's
64 |63 |00:07:24 ~-~-> 00:07:28 |feeling like they're 100 years old. Now you want to make sure you're dropping it
65 |64 |00:07:28 ~-~-> 00:07:32 |right on the close Okay, and that's what I've done here. And then once you have
66 |65 |00:07:32 ~-~-> 00:07:38 |that line segment on it, just do a double click on it. And then you add
67 |66 |00:07:39 ~-~-> 00:07:43 |regular trading hours, RTH space opening range high. Now, the reason why I have
68 |67 |00:07:43 ~-~-> 00:07:47 |that high is because pre session, in other words, before 930 we're trading.
69 |68 |00:07:48 ~-~-> 00:07:51 |If you look at what we have over here on the daily chart, it's telling you where
70 |69 |00:07:51 ~-~-> 00:07:56 |the market is at market right now. Trading electronic hours, so it's moving
71 |70 |00:07:56 ~-~-> 00:08:00 |around right now, but notice that the regular trading hours chart is not
72 |71 |00:08:00 ~-~-> 00:08:04 |moving around. Okay? It's static. It stopped right where it ended at 4:14pm,
73 |72 |00:08:05 ~-~-> 00:08:12 |eastern time yesterday. They're still trading and Q, but this perspective is
74 |73 |00:08:12 ~-~-> 00:08:17 |day shift, day session, hours, okay? Or what used to be open out cry pit time.
75 |74 |00:08:17 ~-~-> 00:08:22 |They don't have that anymore, so it's just keeping tabs on price this
76 |75 |00:08:22 ~-~-> 00:08:26 |perspective, so that way, we can see the disparity of where we open up at 930
77 |76 |00:08:27 ~-~-> 00:08:38 |eastern time in about 11 and a half minutes. We're closing yesterday at 850,
78 |77 |00:08:38 ~-~-> 00:08:43 |8.25 that's higher than we're trading right now. See that? See the price is at
79 |78 |00:08:43 ~-~-> 00:08:54 |784, and a quarter. Eight, 450, 85 and three quarters, 86 even. 85 even. So
80 |79 |00:08:54 ~-~-> 00:09:00 |it's trading around, but that price is lower than where we closed yesterday. So
81 |80 |00:09:00 ~-~-> 00:09:03 |what I like to do a couple minutes before the opening session. If I'm
82 |81 |00:09:03 ~-~-> 00:09:08 |teaching my son, I will do this. I will annotate the chart, register trading
83 |82 |00:09:08 ~-~-> 00:09:14 |hours, opening range high. What this essentially is, is one end of the range
84 |83 |00:09:14 ~-~-> 00:09:18 |of the opening range gap, assuming that we don't hurry and close the gap and
85 |84 |00:09:18 ~-~-> 00:09:26 |trade back to 858 before 930 Okay, so it's calling the market to open at a
86 |85 |00:09:26 ~-~-> 00:09:31 |discount. That means it's going to open less than where we closed previous
87 |86 |00:09:32 ~-~-> 00:09:35 |trading day, which was Tuesday, using regular trading hours down here, right
88 |87 |00:09:35 ~-~-> 00:09:39 |hand side. Now, if you're brand new, it's probably very, very confusing, but
89 |88 |00:09:39 ~-~-> 00:09:42 |I promise you, it's not that complicated. It's very simple. But if
90 |89 |00:09:42 ~-~-> 00:09:48 |you don't have your charts showing you the disparity between where we closed
91 |90 |00:09:48 ~-~-> 00:09:51 |the regular trading hours the previous trading day versus where we start
92 |91 |00:09:51 ~-~-> 00:09:56 |trading at 930 on the new trading day, at 930 Eastern Time, that starts the
93 |92 |00:09:56 ~-~-> 00:10:03 |regular trading hours all over again, and then it stops. Ops at 415 so the
94 |93 |00:10:03 ~-~-> 00:10:07 |last print will show on a one minute chart as 414 see at the bottom of the
95 |94 |00:10:07 ~-~-> 00:10:11 |chart right here. Look down here, however, over top of that, it's 4:14pm
96 |95 |00:10:12 ~-~-> 00:10:17 |It's always Eastern Time, or New York local time. So when you set your your
97 |96 |00:10:17 ~-~-> 00:10:20 |line up the way you want it, you just drop it right on the close right here,
98 |97 |00:10:20 ~-~-> 00:10:25 |and then it'll show up over here as a horizontal Ray. I'll show you what I
99 |98 |00:10:25 ~-~-> 00:10:30 |mean by that. See how this one other horizontal Ray, hover over top of that
100 |99 |00:10:30 ~-~-> 00:10:34 |right, click on it, and then rename it, and it helps you keep your chart
101 |100 |00:10:34 ~-~-> 00:10:37 |organized. So that way, you can do a whole week's worth of annotations, and
102 |101 |00:10:37 ~-~-> 00:10:41 |if you don't want something on your chart at the time, you can just go over
103 |102 |00:10:41 ~-~-> 00:10:45 |top of the little eyeball and tap that. It'll disappear, but it's still there
104 |103 |00:10:45 ~-~-> 00:10:49 |for you to grab again. See that? So it's real easy to keep everything organized,
105 |104 |00:10:50 ~-~-> 00:10:51 |and now also, I
106 |105 |00:10:57 ~-~-> 00:11:05 |feel like Mr. Rogers teaching today, new week. I'm sorry, the new day opening gap
107 |106 |00:11:05 ~-~-> 00:11:11 |high for Wednesday's trading, which is going to be determined by the close at
108 |107 |00:11:11 ~-~-> 00:11:19 |5pm eastern time tuesday and the Tuesday 6pm electronic trading hours restart
109 |108 |00:11:19 ~-~-> 00:11:24 |time. So there's a one hour just difference between that last print at
110 |109 |00:11:24 ~-~-> 00:11:30 |5pm Eastern Time and 6pm Eastern time. We call that the new day opening gap.
111 |110 |00:11:31 ~-~-> 00:11:35 |And I have this toggled to high, so I'm going to put that on the chart here, and
112 |111 |00:11:35 ~-~-> 00:11:39 |then the low. Now it's showing on a regular trading hours chart. So we're
113 |112 |00:11:39 ~-~-> 00:11:42 |going to toggle over to electronic trading hours, and I'll let you see real
114 |113 |00:11:42 ~-~-> 00:11:50 |quick where this is real quick where this is at. It's right there. We're only
115 |114 |00:11:50 ~-~-> 00:11:54 |using a couple things today, okay, just to read price. So this is the last print
116 |115 |00:11:54 ~-~-> 00:12:00 |at 4:59pm on Tuesday, and then at six o'clock it opens up up here. See that
117 |116 |00:12:01 ~-~-> 00:12:05 |there's an hour difference between this candle and that candle. Technically,
118 |117 |00:12:05 ~-~-> 00:12:08 |it's an hour and one minute. But it's showing you the last print because five
119 |118 |00:12:08 ~-~-> 00:12:11 |o'clock, there is no trading. So it's not going to show you a print at five
120 |119 |00:12:11 ~-~-> 00:12:15 |o'clock. So last print is going to be 459 as you see down here in the bottom
121 |120 |00:12:15 ~-~-> 00:12:19 |of the chart. So you want to note that with the horizontal Ray, and then where
122 |121 |00:12:19 ~-~-> 00:12:23 |we opened at six o'clock. That's if it's higher than where we close, then this is
123 |122 |00:12:23 ~-~-> 00:12:28 |the high and that's the low. Then you have a premium New Day opening gap. And
124 |123 |00:12:28 ~-~-> 00:12:32 |now, what's the benefit of having that? If you look at the new week,
125 |124 |00:12:39 ~-~-> 00:12:45 |I'm sorry, New Day opening gap. It's above us right now, and I like these
126 |125 |00:12:45 ~-~-> 00:12:51 |relative equal highs. So I'm watching this today, this morning with you. I've
127 |126 |00:12:51 ~-~-> 00:12:54 |moved these around here, and I'm used to grabbing it in a certain order, and it's
128 |127 |00:12:54 ~-~-> 00:13:02 |not the way I usually have it. So here is minor buy side. So I'll write minor.
129 |128 |00:13:03 ~-~-> 00:13:08 |I side liquidity, and all I'm doing is showing you exactly how I teach my kids.
130 |129 |00:13:08 ~-~-> 00:13:14 |I don't do anything crazy. I don't do anything extra complicated, and that's
131 |130 |00:13:14 ~-~-> 00:13:28 |not right. Top left and blue, and the text is usually 14. Okay, so now think
132 |131 |00:13:28 ~-~-> 00:13:33 |about what we have here. We have regular trading hours. Opening range high, which
133 |132 |00:13:33 ~-~-> 00:13:36 |was where we closed regular trading hours yesterday, at 4:14pm, Eastern
134 |133 |00:13:36 ~-~-> 00:13:43 |Time. We're below that. We're below New Day, opening gap, and we have minor buy
135 |134 |00:13:43 ~-~-> 00:13:47 |side up here. So we already out the gate. We have three things going in our
136 |135 |00:13:47 ~-~-> 00:13:53 |favor, where it could likely push higher to explore and probe reaching for buy
137 |136 |00:13:53 ~-~-> 00:13:58 |side liquidity. That does not mean it cannot drop. It can. But I start the day
138 |137 |00:13:58 ~-~-> 00:14:02 |off with the expectation of where can it reach to, because if you're going to
139 |138 |00:14:02 ~-~-> 00:14:07 |start learning how to read the tape before you even trade, before you ever
140 |139 |00:14:07 ~-~-> 00:14:14 |put any risk on ever you need to know what you're looking at, what you're
141 |140 |00:14:14 ~-~-> 00:14:21 |studying. Why should the market behave a certain way and without having at least
142 |141 |00:14:21 ~-~-> 00:14:27 |the baseline of certain basic principles of where the market will be drawn to,
143 |142 |00:14:27 ~-~-> 00:14:33 |where is it likely to be pulled into. For liquidity, there's orders, and then
144 |143 |00:14:33 ~-~-> 00:14:38 |there's inefficiencies, where the market will book price in that particular
145 |144 |00:14:38 ~-~-> 00:14:43 |range, because it hadn't spent enough time sufficiently offering buy side and
146 |145 |00:14:43 ~-~-> 00:14:48 |sell side delivery. That's not liquidity, it's it's passing through a
147 |146 |00:14:48 ~-~-> 00:14:52 |predetermined range. And I'll explain that in a couple minutes, but right now,
148 |147 |00:14:52 ~-~-> 00:14:56 |I want to show you also the Monday, Tuesday, regular trading hours opening
149 |148 |00:14:56 ~-~-> 00:15:02 |range gap. We'll highlight that on the chart too. So. And that is going to be
150 |149 |00:15:02 ~-~-> 00:15:11 |seen here while I'm doing is going over the last three days or so. Okay, here is
151 |150 |00:15:12 ~-~-> 00:15:17 |Monday's regular trading hours, close at 4:14pm, Eastern Time. So it's
152 |151 |00:15:17 ~-~-> 00:15:22 |highlighted right there. And then we opened at what, 9:30am so this is
153 |152 |00:15:22 ~-~-> 00:15:27 |regular trading hours opening range gap. So that's this is measuring the
154 |153 |00:15:27 ~-~-> 00:15:32 |difference, or disparity, between where we closed yesterday at 4:15pm eastern
155 |154 |00:15:32 ~-~-> 00:15:38 |time and where we reopen for regular trading hours at 930 eastern time in the
156 |155 |00:15:38 ~-~-> 00:15:43 |morning. So between those two times electronic trading hours is taking place
157 |156 |00:15:43 ~-~-> 00:15:48 |with the exception of the small window of one hour between 5pm Eastern Time and
158 |157 |00:15:48 ~-~-> 00:15:55 |6pm Eastern Time, okay, and real quick. I'll let you see what this has done. You
159 |158 |00:15:55 ~-~-> 00:16:04 |can see the reaction here pre session. I'm sorry not preset the electron
160 |159 |00:16:04 ~-~-> 00:16:16 |training. I just go here. You can see the reaction there, there, and again,
161 |160 |00:16:16 ~-~-> 00:16:25 |it's above us as well. Okay, so fry. Friday to Monday, regular trading hours
162 |161 |00:16:26 ~-~-> 00:16:29 |quadrants. We'll show that in a second, but right now, I'm gonna add that. So
163 |162 |00:16:29 ~-~-> 00:16:32 |what this is doing is showing the entirety of the separation, which was a
164 |163 |00:16:32 ~-~-> 00:16:42 |huge gap in regular trading hours for Friday, is closed, where we opened up
165 |164 |00:16:44 ~-~-> 00:16:45 |Monday morning at 930
166 |165 |00:16:50 ~-~-> 00:16:58 |here's Friday. Let me zoom in a little bit better. Here's Friday's last print
167 |166 |00:16:58 ~-~-> 00:17:01 |on record trading hours at 4:14pm Eastern Time, and then here's 930
168 |167 |00:17:01 ~-~-> 00:17:07 |opening on Monday. So that difference there. Now I'm going to showcase the
169 |168 |00:17:07 ~-~-> 00:17:12 |quadrant levels. Now I didn't put the midpoint or consequence level because
170 |169 |00:17:12 ~-~-> 00:17:17 |I'm using the label to draw my focus to where half of that would be, because if
171 |170 |00:17:17 ~-~-> 00:17:27 |I put the 50% level on the FIB, it makes this where you can't read it, okay, so I
172 |171 |00:17:27 ~-~-> 00:17:31 |just eyeball the midpoint and tell my son that just to suffer through it. So
173 |172 |00:17:31 ~-~-> 00:17:40 |we have electronic trading hours again, and we're going to go back to this, and
174 |173 |00:17:40 ~-~-> 00:17:44 |you can see how that pretty, pretty well, gives us the midpoint, or
175 |174 |00:17:44 ~-~-> 00:17:50 |consequence of the gaps, midpoint between Friday and Monday's opening. So
176 |175 |00:17:50 ~-~-> 00:17:55 |Friday close, regular trading hours, Monday, red trading hours open. That's
177 |176 |00:17:55 ~-~-> 00:18:02 |the opening range gap, or what we call R T, H, O, R, G. It's a whole lot of
178 |177 |00:18:02 ~-~-> 00:18:08 |stuff, I know, but we have several things that could potentially give us
179 |178 |00:18:08 ~-~-> 00:18:13 |reason to go up here. Now, have you looking at the economic calendar, which
180 |179 |00:18:13 ~-~-> 00:18:19 |I don't have a I don't have a browser open to be able to open it and share it
181 |180 |00:18:19 ~-~-> 00:18:26 |with you on the stream, but I use econo day calendar and I use Forex factories
182 |181 |00:18:26 ~-~-> 00:18:31 |calendar. Okay, either one's good. One isn't any better than the other.
183 |182 |00:18:32 ~-~-> 00:18:35 |Whatever one you like, whatever you know, presentation style they use,
184 |183 |00:18:35 ~-~-> 00:18:40 |whatever when you like, use that. You'll notice today, at 10 o'clock we have a
185 |184 |00:18:40 ~-~-> 00:18:46 |red folder, or a high impact news driver in the form of ISM manufacturing PMI.
186 |185 |00:18:47 ~-~-> 00:18:51 |Okay, so I hope, I hope I'm calling it right. I believe I didn't write it down,
187 |186 |00:18:51 ~-~-> 00:18:56 |but I believe looking at before I started the stream, that's what we have
188 |187 |00:18:56 ~-~-> 00:19:03 |at 10 o'clock. Okay, so that might be the fuel, if you will, that injects the
189 |188 |00:19:03 ~-~-> 00:19:07 |volatility in the marketplace to send us up into exploring any of these things up
190 |189 |00:19:07 ~-~-> 00:19:12 |here. It need not here's, here's the real important thing, okay, when you're
191 |190 |00:19:12 ~-~-> 00:19:17 |first starting out, the first thing you want to do is give yourself permission
192 |191 |00:19:17 ~-~-> 00:19:22 |to be wrong. Don't expect, and we're opening at 930 now. Don't expect to be
193 |192 |00:19:22 ~-~-> 00:19:26 |right. Don't expect to know everything that's going to happen next. You don't
194 |193 |00:19:26 ~-~-> 00:19:32 |know that, okay? And for you to expect it, just build you up. Notice these
195 |194 |00:19:33 ~-~-> 00:19:38 |relative equal highs here to that. Don't build that expectation that you have to
196 |195 |00:19:38 ~-~-> 00:19:42 |be perfect, okay? Watching myself, watching my students, watching other
197 |196 |00:19:42 ~-~-> 00:19:46 |traders do very, very well. It makes you feel like you want to go out there and
198 |197 |00:19:46 ~-~-> 00:19:50 |do something right now and be a part of the gang, right? Be a part of the crew
199 |198 |00:19:50 ~-~-> 00:19:53 |that does. You know really well in the beginning, it's unrealistic and
200 |199 |00:19:53 ~-~-> 00:19:57 |unreasonable for you to feel that way. Okay, notice that we're trading at the
201 |200 |00:19:57 ~-~-> 00:20:02 |low of the Friday night. Monday opening range gap. We're trading right down
202 |201 |00:20:02 ~-~-> 00:20:06 |here, and we just took that short term low out right there. See that? Notice
203 |202 |00:20:06 ~-~-> 00:20:10 |this little reaction here? It doesn't mean it's going to go straight up, but I
204 |203 |00:20:10 ~-~-> 00:20:13 |like to see these sides of things. These are encouraging for when you're watching
205 |204 |00:20:13 ~-~-> 00:20:17 |the tape and when students are watching prices, it's really nice to see it react
206 |205 |00:20:17 ~-~-> 00:20:25 |that way. Minor buy side is here, and then you have a little bit more buy side
207 |206 |00:20:25 ~-~-> 00:20:32 |here, and then we start going into the levels I gave you this morning. Now,
208 |207 |00:20:32 ~-~-> 00:20:37 |without having the Monday, I'm sorry, the Friday, the Monday opening range gap
209 |208 |00:20:37 ~-~-> 00:20:41 |on your chart, and not knowing that that level is down here, this would be a,
210 |209 |00:20:41 ~-~-> 00:20:45 |this would be completely invisible to you. You would never expect that. You
211 |210 |00:20:45 ~-~-> 00:20:48 |would just see it well, you know, it broke support, because classic Support
212 |211 |00:20:48 ~-~-> 00:20:52 |Resistance guys see that. So it went down here and went up before. So
213 |212 |00:20:52 ~-~-> 00:20:55 |therefore, you know, if it does that, but then it went through it that scare
214 |213 |00:20:55 ~-~-> 00:20:58 |them, they're not going to want to take along there. But that's not what we do.
215 |214 |00:20:59 ~-~-> 00:21:04 |We're looking for what we're looking for the draw on liquidity to go to, not just
216 |215 |00:21:04 ~-~-> 00:21:11 |one thing, not one little ICT, gimmick or trick, okay, a PD array. We want
217 |216 |00:21:11 ~-~-> 00:21:16 |several things to indicate to us that we have probabilities in our favor, that
218 |217 |00:21:16 ~-~-> 00:21:20 |the market's likely to pull in one direction over another. Now, if at any
219 |218 |00:21:20 ~-~-> 00:21:24 |time you're ever watching price and widen this though, so you can see a
220 |219 |00:21:24 ~-~-> 00:21:31 |little more beefy bodies on these candles. Busy job building already the
221 |220 |00:21:31 ~-~-> 00:21:39 |remember, this was by side. I told you earlier. Change that annotation to the
222 |221 |00:21:39 ~-~-> 00:21:44 |right now you can see it. I'll scrub over in a second right now. Just want to
223 |222 |00:21:44 ~-~-> 00:21:49 |finish my thought. You want several things. There's the buy side I told you
224 |223 |00:21:49 ~-~-> 00:21:54 |I liked let me just show it to you now, because you're going to get mad if I
225 |224 |00:21:54 ~-~-> 00:21:59 |don't. There's those highs I told you about. Okay, that's all I was doing
226 |225 |00:21:59 ~-~-> 00:22:04 |yesterday. I said I saw some joker on X try to say, Well, you said, clearly.
227 |226 |00:22:04 ~-~-> 00:22:08 |Look, dude, don't take things out of context. I said, very clearly, just like
228 |227 |00:22:08 ~-~-> 00:22:12 |I told you, these levels here, okay, we're going up. We're going into these
229 |228 |00:22:12 ~-~-> 00:22:16 |levels. And what do we return back into here, the Monday, Tuesday registration,
230 |229 |00:22:16 ~-~-> 00:22:21 |hours, opening range gap right there. That in and of itself, you got two
231 |230 |00:22:21 ~-~-> 00:22:27 |things just delivered. If you had longed the market and did a soup long in order,
232 |231 |00:22:27 ~-~-> 00:22:34 |it's buying below that low right now you could be off setting some of that long
233 |232 |00:22:34 ~-~-> 00:22:38 |position, leaving something on as a runner, in case you get up into the
234 |233 |00:22:39 ~-~-> 00:22:46 |Wednesday New Day, opening gap, or if it goes up into their other trading hours,
235 |234 |00:22:46 ~-~-> 00:22:51 |opening range, gap high. Now, because I'm trying to teach so much over live
236 |235 |00:22:51 ~-~-> 00:22:56 |price action, I got to tell you this part you want to do at the opening at
237 |236 |00:22:56 ~-~-> 00:23:02 |930 here's that candlestick right here. We're on electronic trading at
238 |237 |00:23:02 ~-~-> 00:23:07 |electronic trading hours. Okay, here's the opening price. That's where we first
239 |238 |00:23:07 ~-~-> 00:23:13 |printed at 930 at no it's regular trading hours. Started right there. I'm
240 |239 |00:23:13 ~-~-> 00:23:18 |going to put it on the chart here, but I'm going to toggle to, sorry, regular
241 |240 |00:23:18 ~-~-> 00:23:24 |trading hours. See, the difference where we were here, and we opened all the way
242 |241 |00:23:24 ~-~-> 00:23:28 |down here, right at that price. So now what I'm doing is I'm going to take this
243 |242 |00:23:28 ~-~-> 00:23:32 |off. I'm going to copy this one, hold, hover over top of it until the little
244 |243 |00:23:32 ~-~-> 00:23:37 |thing highlights, and then hold down the control button, and then drag and you'll
245 |244 |00:23:37 ~-~-> 00:23:43 |be able to copy whatever array, or whatever your annotation is at the time,
246 |245 |00:23:44 ~-~-> 00:23:51 |and then now all you gotta do is change that to low. So now you completely for
247 |246 |00:23:51 ~-~-> 00:23:58 |your journal. You completely made the annotations Perfect. Now. Now here's
248 |247 |00:23:58 ~-~-> 00:24:03 |what you can do also, but you want to be doing this not Don't be talking to
249 |248 |00:24:03 ~-~-> 00:24:08 |yourself or listening to me or anyone else without having done these things.
250 |249 |00:24:08 ~-~-> 00:24:12 |Soon as you get the opening price, you want to annotate it and then draw your
251 |250 |00:24:12 ~-~-> 00:24:20 |fib in, degrade that that's not right. There it is. Okay. And now I want to
252 |251 |00:24:20 ~-~-> 00:24:26 |show consequent encouragement here, which is 50% and I want that to be red,
253 |252 |00:24:27 ~-~-> 00:24:32 |so we open down here, and I teach algorithmically, the market will go back
254 |253 |00:24:32 ~-~-> 00:24:37 |to half of the opening range gap, 70% of the time. Okay, what if you had the
255 |254 |00:24:37 ~-~-> 00:24:38 |chance to win the lottery?
256 |255 |00:24:38 ~-~-> 00:24:44 |70% like, what if you had the probabilities of 70% of the time when
257 |256 |00:24:44 ~-~-> 00:24:50 |you buy a lottery ticket, or you bet on a specific horse in a horse race, or you
258 |257 |00:24:50 ~-~-> 00:24:53 |went to the casino and you pulled the slot machine, what if you had 70%
259 |258 |00:24:53 ~-~-> 00:24:57 |likelihood that you were going to be correct and win? Wouldn't it be amazing?
260 |259 |00:24:57 ~-~-> 00:25:05 |That'd be an amazing test. To you luck, right? Well, luck doesn't exist, okay.
261 |260 |00:25:05 ~-~-> 00:25:09 |You have to make your own luck, okay? And by having very simple little
262 |261 |00:25:09 ~-~-> 00:25:15 |strategies right to the point, okay, this is how I teach my kids, knowing
263 |262 |00:25:15 ~-~-> 00:25:19 |where the halfway point is right here, if it opens up down here, there's a 70%
264 |263 |00:25:20 ~-~-> 00:25:25 |likelihood that the market's going to go up to this level here before or by 10am
265 |264 |00:25:25 ~-~-> 00:25:29 |Eastern Time. In other words, in 30 minutes, it's going to go there. You
266 |265 |00:25:29 ~-~-> 00:25:32 |just watch it again. Now, if you're brand new, you probably think I just
267 |266 |00:25:32 ~-~-> 00:25:36 |cherry picked that and this fluffed you all up because it did it in front of
268 |267 |00:25:36 ~-~-> 00:25:40 |you. That's not the case. I have been teaching this for years. I have taught
269 |268 |00:25:40 ~-~-> 00:25:46 |this principle. It's in video. It's in typed out comments on my ex. It's
270 |269 |00:25:47 ~-~-> 00:25:52 |something that it's been taught extensively by me. Notice we trade it up
271 |270 |00:25:52 ~-~-> 00:25:58 |into Wednesday, new day, opening gap. Well, now again, take something off.
272 |271 |00:25:58 ~-~-> 00:26:04 |Okay, scale off. Scale off. If you don't know where these levels are beforehand,
273 |272 |00:26:04 ~-~-> 00:26:10 |you are gambling with no luck. You have nothing in terms of probability in your
274 |273 |00:26:10 ~-~-> 00:26:17 |favor zero. Now, I promise you, there is nobody on YouTube live streaming today
275 |274 |00:26:17 ~-~-> 00:26:21 |that outlined this. This perfect. Okay, you're going to hear them out there
276 |275 |00:26:21 ~-~-> 00:26:24 |barking, beating their chest, talking about disgusting things that they're
277 |276 |00:26:24 ~-~-> 00:26:27 |doing in their vehicles, and talking about everybody in the industry and
278 |277 |00:26:27 ~-~-> 00:26:30 |talking about this and talking about that while they're playing in their demo
279 |278 |00:26:30 ~-~-> 00:26:34 |accounts, trying to get you to spend money so they can make more money and
280 |279 |00:26:34 ~-~-> 00:26:38 |spend it in front of you and brag about it and make you feel stupid. But they
281 |280 |00:26:38 ~-~-> 00:26:41 |ain't telling you this. They're never telling you this, because they can't do
282 |281 |00:26:41 ~-~-> 00:26:47 |this. There's nobody out there, nobody out there that outlines it this
283 |282 |00:26:48 ~-~-> 00:26:53 |perfectly, right to the point, right to the point. And I had to put that in
284 |283 |00:26:53 ~-~-> 00:27:03 |there, because it's just necessary. So anyway, now we've had the market deliver
285 |284 |00:27:03 ~-~-> 00:27:08 |like gangbusters right off the PDA rate that I already had in mind and showed to
286 |285 |00:27:08 ~-~-> 00:27:17 |you, and the market hit. It ran up and drew up into the first buy, sell equity
287 |286 |00:27:17 ~-~-> 00:27:24 |I told you about the second one, which is Monday and Tuesday's regular trading
288 |287 |00:27:24 ~-~-> 00:27:31 |hours, opening range gap, the Wednesday, New Day opening gap, which is determined
289 |288 |00:27:31 ~-~-> 00:27:39 |by 5pm Eastern Time and 6pm Eastern Time. And then I gave you quadrants on
290 |289 |00:27:39 ~-~-> 00:27:46 |this Friday, Monday, this big gray area here, that's the lower quadrant. Halfway
291 |290 |00:27:46 ~-~-> 00:27:49 |point is right here, or consequent encroachment, the upper quadrant is
292 |291 |00:27:49 ~-~-> 00:27:59 |here. And then here's the high of it. If you cut bait and say, I'm done for the
293 |292 |00:27:59 ~-~-> 00:28:03 |day and don't even expect or require it go all the way back to this price here,
294 |293 |00:28:03 ~-~-> 00:28:10 |because that's with the exception of going to the high of Friday, Monday's
295 |294 |00:28:10 ~-~-> 00:28:13 |opening range, gap high, which is this level here, that and then if it goes
296 |295 |00:28:13 ~-~-> 00:28:18 |there and higher, the gap closure, or gap fill, is trading back to previous
297 |296 |00:28:18 ~-~-> 00:28:23 |Days. Regular trading hours close, because we open down here and the
298 |297 |00:28:23 ~-~-> 00:28:27 |market's drawn back up into it. So what I want you to think about it is like
299 |298 |00:28:27 ~-~-> 00:28:36 |this. I stopped here and it opened right there, and then get this. I don't want
300 |299 |00:28:36 ~-~-> 00:28:45 |it to I don't want to do that, we'll do yellow. I don't really like yellow, but
301 |300 |00:28:45 ~-~-> 00:28:51 |it needs to be strong about contrast. So what you're seeing is essentially the
302 |301 |00:28:51 ~-~-> 00:28:56 |market created this gap from where we stopped trading yesterday at 4:14pm,
303 |302 |00:28:57 ~-~-> 00:29:01 |Eastern Time. Register trading hours close, and then regular trading hours
304 |303 |00:29:01 ~-~-> 00:29:06 |open at 930 today. This morning it opened down here. So there's the vacuum,
305 |304 |00:29:07 ~-~-> 00:29:14 |there's an absence, there's a void, there's a complete and utter wasteland,
306 |305 |00:29:14 ~-~-> 00:29:19 |or empty canvas for price to paint all over, and it's inside that yellow box.
307 |306 |00:29:20 ~-~-> 00:29:28 |So because it there's a vacuum, if you break the seal on a vacuum, okay? You
308 |307 |00:29:28 ~-~-> 00:29:32 |ever see those commercials where they try to get you to buy these space bags
309 |308 |00:29:32 ~-~-> 00:29:35 |and you put your vacuum cleaner on it and it sucks the air out of it? You can
310 |309 |00:29:35 ~-~-> 00:29:39 |compress sweaters and blankets and whatever. Man I had to talk my wife out
311 |310 |00:29:39 ~-~-> 00:29:41 |of that several times. I said, Listen, we are not putting that garbage in our
312 |311 |00:29:41 ~-~-> 00:29:46 |house. Okay, I have big enough house. We can stack up stuff. We have rooms we can
313 |312 |00:29:46 ~-~-> 00:29:50 |treat as big closets. Okay, it's fine. We don't need to do stuff like that. But
314 |313 |00:29:50 ~-~-> 00:29:56 |when you break that seal on a vacuum sealed bag, what do you get? That air
315 |314 |00:29:56 ~-~-> 00:30:00 |completely goes right back into that that vacuum. There's no. No, there's no
316 |315 |00:30:00 ~-~-> 00:30:04 |abundance of air inside that bag. So that's exactly what's happening here.
317 |316 |00:30:04 ~-~-> 00:30:11 |That vacuum seal is broken, and then price rushes right back in to fill this
318 |317 |00:30:11 ~-~-> 00:30:17 |expanse of empty no price action. So that's that's your first steps in
319 |318 |00:30:17 ~-~-> 00:30:20 |knowing where the market's going to go at the open there's going to be people
320 |319 |00:30:20 ~-~-> 00:30:23 |out there. You're going to see them. They're in the industry. They got all
321 |320 |00:30:23 ~-~-> 00:30:26 |these titles next to their name. They probably write books. They probably been
322 |321 |00:30:26 ~-~-> 00:30:30 |on CNBC. They probably, you know, love themselves more than I love myself. And
323 |322 |00:30:30 ~-~-> 00:30:34 |they will tell you that you can't time the market. Nobody knows what the
324 |323 |00:30:34 ~-~-> 00:30:40 |market's going to do next. Well, okay, I'm Mr. Nobody. Okay, okay. And I'm
325 |324 |00:30:40 ~-~-> 00:30:45 |sitting down and explaining to you in very elementary terms, very simple, how
326 |325 |00:30:45 ~-~-> 00:30:52 |you can do this every single day, but you're looking at 33 years of experience
327 |326 |00:30:52 ~-~-> 00:30:57 |doing it. So it looks real, real easy in my hands. It was not easy in my hands
328 |327 |00:30:57 ~-~-> 00:31:03 |when I first started. But by doing these things and applying them gradually.
329 |328 |00:31:03 ~-~-> 00:31:08 |Notice that I don't have the new week opening gap on here. Notice that, notice
330 |329 |00:31:08 ~-~-> 00:31:13 |that I don't have every other bell and whistle on the chart. All I'm doing is
331 |330 |00:31:13 ~-~-> 00:31:18 |starting you at first step. This is like elementary school. It's kindergarten.
332 |331 |00:31:18 ~-~-> 00:31:22 |Okay? Baby pips has their whole little thing over there they have preschool,
333 |332 |00:31:22 ~-~-> 00:31:27 |kindergarten, first grade, all that stuff here. This is kindergarten, ICT.
334 |333 |00:31:28 ~-~-> 00:31:33 |This is how this is how simple you can start. It need not be complex. It need
335 |334 |00:31:33 ~-~-> 00:31:37 |not be complicated. I have never complicated anything, but what I have
336 |335 |00:31:37 ~-~-> 00:31:42 |given you is an encyclopedia of Smart Money concepts that I've authored. Just
337 |336 |00:31:42 ~-~-> 00:31:45 |because you have the whole Compendium out there, doesn't mean you have to
338 |337 |00:31:45 ~-~-> 00:31:51 |digest it all in one time or fast. You start with something simplistic. When
339 |338 |00:31:51 ~-~-> 00:31:55 |can you sit down in front of the charts? Well, it makes sense that you sit down
340 |339 |00:31:55 ~-~-> 00:31:58 |in front of it during a market session open, for instance, like this is New
341 |340 |00:31:58 ~-~-> 00:32:03 |York, open for equities trading, the regular trading hours. You can trade
342 |341 |00:32:03 ~-~-> 00:32:08 |Forex in the London session, one o'clock in the morning to 5am Eastern Time.
343 |342 |00:32:08 ~-~-> 00:32:13 |Okay? And the same types of principles occur over and over and over again
344 |343 |00:32:13 ~-~-> 00:32:17 |there. But there just isn't a opening range gap in forex, because it's 24
345 |344 |00:32:17 ~-~-> 00:32:22 |hours trading. We have built in advantages with futures, because we have
346 |345 |00:32:22 ~-~-> 00:32:26 |these lapses in trading. Now I know some of you are going to want to type out
347 |346 |00:32:26 ~-~-> 00:32:28 |I've been waiting for you to say that, because now you just make me remember
348 |347 |00:32:28 ~-~-> 00:32:32 |the question I want to ask you, what happens when they go to 24 hours? Then
349 |348 |00:32:32 ~-~-> 00:32:39 |it's going to get even easier. Simple, I got weapons for that too. Okay, I
350 |349 |00:32:39 ~-~-> 00:32:44 |believe me, I got weapons for that. But for now, just know that your first
351 |350 |00:32:44 ~-~-> 00:32:49 |priority as a student of price action, learning how to read price through the
352 |351 |00:32:49 ~-~-> 00:32:55 |language I created in Smart Money concepts, simply knowing specific
353 |352 |00:32:55 ~-~-> 00:33:03 |reference points. Now, if you would agree, and I promise I don't make any
354 |353 |00:33:03 ~-~-> 00:33:08 |more money for this, but if you agree that this is simple, it's very, very
355 |354 |00:33:08 ~-~-> 00:33:14 |straight to the point. It's not complex, it's not complicated, and it's friggin
356 |355 |00:33:14 ~-~-> 00:33:18 |perfect. It's precise. There's no ambiguity about it. There's no guessing
357 |356 |00:33:18 ~-~-> 00:33:23 |about it. It's this. You're building a narrative that why price should go a
358 |357 |00:33:23 ~-~-> 00:33:26 |direction versus another direction. In other words, is it going to go up or is
359 |358 |00:33:26 ~-~-> 00:33:31 |it gonna go down? Because that's all we have to first consider. Is it likely to
360 |359 |00:33:31 ~-~-> 00:33:36 |go up? Is it likely to go down? And you build the evidence to suggest one side
361 |360 |00:33:36 ~-~-> 00:33:43 |over the other, my PD arrays are going to scream at you. Listen, look at me.
362 |361 |00:33:44 ~-~-> 00:33:47 |There's a whole lot of interest up here, when you have all these PD arrays where
363 |362 |00:33:47 ~-~-> 00:33:53 |we're opening below it. So where's it going to go up now, it does not mean at
364 |363 |00:33:53 ~-~-> 00:33:56 |all that the market's going to continuously go up and have, you know,
365 |364 |00:33:56 ~-~-> 00:34:01 |an all time high today, it can. But I'm not saying that here. I'm trying to get
366 |365 |00:34:01 ~-~-> 00:34:10 |you to think about it in a graduated approach, where you you take a
367 |366 |00:34:10 ~-~-> 00:34:14 |reasonable amount of information that should not be in my opinion, this should
368 |367 |00:34:14 ~-~-> 00:34:19 |not be overwhelming. It can be a little complex for someone that's never done it
369 |368 |00:34:19 ~-~-> 00:34:23 |before. You don't really understand what I'm doing here and what I've done, but I
370 |369 |00:34:23 ~-~-> 00:34:27 |promise, if you watch the recording again and think about what I've done in
371 |370 |00:34:27 ~-~-> 00:34:30 |the past with my other lectures, you'll see that I've done nothing different
372 |371 |00:34:30 ~-~-> 00:34:33 |here, except for less talking than just went right to it.
373 |372 |00:34:34 ~-~-> 00:34:40 |You see the low of the session today right there, only by a tick off in that
374 |373 |00:34:40 ~-~-> 00:34:44 |amazing. That's the that's the range between Friday and Monday's opening
375 |374 |00:34:44 ~-~-> 00:34:52 |range, gap. See, everybody else, every body else, knows about gaps. You hear to
376 |375 |00:34:52 ~-~-> 00:34:55 |add it, gaps like to get filled. Oh, Mind the Gap. Oh, guys, gap filling
377 |376 |00:34:55 ~-~-> 00:34:58 |event. Oh, it's probably gonna go to the gap. It's gonna close the gap. It's
378 |377 |00:34:58 ~-~-> 00:35:06 |gonna close gap. I'm. We already closed that gap, but it's not done using it,
379 |378 |00:35:06 ~-~-> 00:35:10 |because there's an algorithm that refers right back to that price level. What
380 |379 |00:35:10 ~-~-> 00:35:14 |price level? This level that I showed you, this level here, the lower quadrant
381 |380 |00:35:14 ~-~-> 00:35:18 |of it, the midpoint of it, consequent encroachment. It's annotated with the
382 |381 |00:35:19 ~-~-> 00:35:23 |label of the box. Then the upper quadrant here, and in the high of it.
383 |382 |00:35:25 ~-~-> 00:35:31 |See everybody has archaic principles. They know about gaps, and once the gap
384 |383 |00:35:31 ~-~-> 00:35:35 |fills, they discard it. They throw it away. It's no longer useful. It's no
385 |384 |00:35:35 ~-~-> 00:35:39 |longer salient to them. So they're looking for the next thing to chase.
386 |385 |00:35:39 ~-~-> 00:35:50 |It's no, no, no, no, see, that's this is the reason why I laugh at everybody. And
387 |386 |00:35:50 ~-~-> 00:35:53 |my students have been with me for a long time. They can do this in their own
388 |387 |00:35:53 ~-~-> 00:35:56 |hands too. They're laughing at everybody. As soon as somebody starts
389 |388 |00:35:56 ~-~-> 00:35:59 |cracking their mouth about how this stuff is rebranded, you'll never find
390 |389 |00:35:59 ~-~-> 00:36:04 |this ever, ever, ever, before me talking about it, and I have to do these things,
391 |390 |00:36:04 ~-~-> 00:36:14 |because social media and AI is they're basically collecting opinions. Every
392 |391 |00:36:14 ~-~-> 00:36:18 |time somebody post something negative or positive about me or anyone else, the
393 |392 |00:36:18 ~-~-> 00:36:23 |AIS will go out and they'll scour the consensus. It'll cull basically a
394 |393 |00:36:23 ~-~-> 00:36:30 |collection of both sides of a narrative. If the narrative is, did ICT create or
395 |394 |00:36:30 ~-~-> 00:36:34 |author Smart Money concepts, okay? You'll hear people say, it's like, off.
396 |395 |00:36:34 ~-~-> 00:36:38 |I've already destroyed that. They'll say, it's a fine demand. We destroyed
397 |396 |00:36:38 ~-~-> 00:36:42 |that too. Oh, he's rebranded this. And rebranded that you'll never see an old
398 |397 |00:36:42 ~-~-> 00:36:47 |gap referred to it like me, anything. Nobody's ever done it for me, ever it's
399 |398 |00:36:47 ~-~-> 00:36:50 |never been in print. It's never been in video. It's never been talked about.
400 |399 |00:36:50 ~-~-> 00:36:55 |It's never been done. And the reason why I talk about it, and I'm so verbose
401 |400 |00:36:55 ~-~-> 00:37:01 |about it, is because I know AI is keeping tabs on everybody, so I always
402 |401 |00:37:01 ~-~-> 00:37:06 |retort and correct these Jack legs, because they're liars. They're liars.
403 |402 |00:37:06 ~-~-> 00:37:11 |Okay? And by having my side of the story, and I'm the one to come out here,
404 |403 |00:37:11 ~-~-> 00:37:15 |and I'm doing it now in live stream, explaining it to you, and you wonder,
405 |404 |00:37:15 ~-~-> 00:37:22 |Oh, why he? He did 30 trades with his demo account, with his 15 monitors or
406 |405 |00:37:22 ~-~-> 00:37:26 |laptops, and he finally got one at the low, and that's the one he's going to
407 |406 |00:37:26 ~-~-> 00:37:32 |show. I just showed you how to pick the low. Is that complex information? No,
408 |407 |00:37:33 ~-~-> 00:37:41 |but you're using stale data if you're going to ask somebody else. Stale data
409 |408 |00:37:43 ~-~-> 00:37:49 |is not stale to me, because it's pertinent. The market is going to use
410 |409 |00:37:49 ~-~-> 00:37:54 |that information. It's going to use it. And if you don't know how to collect
411 |410 |00:37:54 ~-~-> 00:37:58 |that information, then guess what? You're blind, and you don't want to be
412 |411 |00:37:58 ~-~-> 00:38:01 |blind in these markets, because it'll take you just like that. Now, where do
413 |412 |00:38:01 ~-~-> 00:38:05 |you think the market wants to reach to now it's already pulled back into three
414 |413 |00:38:05 ~-~-> 00:38:10 |quarters of the gap, which is that upper quadrant right here. There's liquidity
415 |414 |00:38:10 ~-~-> 00:38:17 |resting right on here, right below here, what's below that at sell side. So your
416 |415 |00:38:17 ~-~-> 00:38:20 |initial expectation would be, try to see how far you can get, up into half the
417 |416 |00:38:20 ~-~-> 00:38:24 |gap, 70% likelihood is going to go there. Then three quarters of the gap it
418 |417 |00:38:24 ~-~-> 00:38:28 |does not need to fill. That does not need to do that at all. And we're seeing
419 |418 |00:38:28 ~-~-> 00:38:33 |the rotation lower, with liquidity resting right below here. There's no
420 |419 |00:38:33 ~-~-> 00:38:37 |cell side outside of that low. That's the only cell size in the marketplace
421 |420 |00:38:37 ~-~-> 00:38:41 |and is tapped into it there. So now it's probing. Do we see a continuation lower.
422 |421 |00:38:41 ~-~-> 00:38:47 |If it really starts to find some weight in it and keep going lower and this
423 |422 |00:38:47 ~-~-> 00:38:53 |stays open here, then that might be impactful for a pm session. And I'm not
424 |423 |00:38:53 ~-~-> 00:38:57 |trying to give you too many things for one session, because I told you I only
425 |424 |00:38:57 ~-~-> 00:39:02 |wanted to be here for about an hour, but because there's an economic news driver
426 |425 |00:39:02 ~-~-> 00:39:05 |coming out at 10 o'clock. I want to be here so that way we can watch it live.
427 |426 |00:39:05 ~-~-> 00:39:14 |But let me get this rectangle off here. Oh, I was going to prompt you, and I
428 |427 |00:39:14 ~-~-> 00:39:18 |said that by you putting a thumbs up on my video. And there's like, about 10 of
429 |428 |00:39:18 ~-~-> 00:39:23 |you, 20 of you out there, because I always have like, a 99.6 rating that's
430 |429 |00:39:23 ~-~-> 00:39:27 |liked or thumbed up, thumbs up. And I know some of you trolls don't want to
431 |430 |00:39:27 ~-~-> 00:39:30 |believe that, but I can go in there and live stream and show you the settings
432 |431 |00:39:30 ~-~-> 00:39:40 |and the stats that I'm a 99.6 loved or thumbs up type ratings on my videos, but
433 |432 |00:39:40 ~-~-> 00:39:43 |this is where we interact. Okay. Now you can do one of two things, if you're not
434 |433 |00:39:43 ~-~-> 00:39:47 |on x, if you're not on Twitter, what used to be Twitter, if you're not on
435 |434 |00:39:47 ~-~-> 00:39:51 |that, then give the this live stream a thumbs up, because that means what
436 |435 |00:39:51 ~-~-> 00:39:56 |you're telling me is, this was straight to the point. It was not complicated. I
437 |436 |00:39:56 ~-~-> 00:40:00 |gave you the levels beforehand. I told you the direction we would. Be expecting
438 |437 |00:40:00 ~-~-> 00:40:09 |beforehand, and it delivered perfectly, perfectly. If you can't do this part
439 |438 |00:40:09 ~-~-> 00:40:15 |here consistently, in other words, find one section the marketplace where you're
440 |439 |00:40:15 ~-~-> 00:40:19 |going to see an obvious price run. If you can't do this, you can't make money
441 |440 |00:40:19 ~-~-> 00:40:23 |trading. You should never be trying to trade with these funded account
442 |441 |00:40:23 ~-~-> 00:40:27 |companies trying to get lucky and do lottery wins, okay, and blowing accounts
443 |442 |00:40:27 ~-~-> 00:40:31 |after accounts, after accounts. If you can't expect to see where price is going
444 |443 |00:40:31 ~-~-> 00:40:36 |to react and run if you can't do this consistently, that doesn't mean learn
445 |444 |00:40:36 ~-~-> 00:40:39 |how to do it this week and next week you're going to try to do it with, you
446 |445 |00:40:39 ~-~-> 00:40:43 |know, fund accounts or live account, don't, don't think that you need to do
447 |446 |00:40:43 ~-~-> 00:40:49 |this for a couple months, and that right there, that right there, caused a lot of
448 |447 |00:40:49 ~-~-> 00:40:55 |you to turn off listening with common sense, because that doesn't fit what you
449 |448 |00:40:55 ~-~-> 00:40:59 |want. But listen to me if you came here, or if you're watching this as a
450 |449 |00:40:59 ~-~-> 00:41:03 |recording, and you want to learn. You want to learn from somebody that knows
451 |450 |00:41:03 ~-~-> 00:41:07 |exactly what's going on over three decades. Okay, I'm not going to come out
452 |451 |00:41:07 ~-~-> 00:41:10 |here and fall on my face and look stupid. I'm not going to do that. I know
453 |452 |00:41:10 ~-~-> 00:41:18 |what I'm doing. I'm I'm of the opinion that I have an authority that most of
454 |453 |00:41:18 ~-~-> 00:41:23 |you don't have and never would. And your gurus and teachers don't either. If they
455 |454 |00:41:23 ~-~-> 00:41:27 |did, they'd come out here and tell you this very precise type of thing. It's
456 |455 |00:41:27 ~-~-> 00:41:32 |not ambiguous. It's very, very, very specific. And to the Yahoo I blocked
457 |456 |00:41:32 ~-~-> 00:41:42 |yesterday, if it, if it's so good, then do it live or SHTF, well, here it is,
458 |457 |00:41:42 ~-~-> 00:41:48 |Bubba so if you found this helpful in terms of a crash course, what do you do
459 |458 |00:41:48 ~-~-> 00:41:52 |if you want to learn how to trade ICT, if you want to learn my Smart Money
460 |459 |00:41:52 ~-~-> 00:41:55 |concepts, you want to do it correctly the right way, right out of the horse's
461 |460 |00:41:55 ~-~-> 00:42:01 |mouth, the source code is talking to you right now. If you thought that this was
462 |461 |00:42:01 ~-~-> 00:42:07 |is succinct and right to the point and it's not ambiguous. Then give this live
463 |462 |00:42:07 ~-~-> 00:42:13 |stream a thumbs up. If you're on x do both. Let me know that you saw it live,
464 |463 |00:42:14 ~-~-> 00:42:19 |and that's an encouragement for me. And remember, I'm not getting paid to do
465 |464 |00:42:19 ~-~-> 00:42:22 |this. I'm not going to sell you a mentorship. I'm not going to be selling
466 |465 |00:42:22 ~-~-> 00:42:28 |a course. I'm not asking you to send me cash. I'm not doing live streams where
467 |466 |00:42:28 ~-~-> 00:42:31 |you can go in there and chat up and say, here's 50 bucks, you know. Get yourself
468 |467 |00:42:31 ~-~-> 00:42:36 |a nice, you know, pair of underwear, you know, with the ICT logo on ICT. Get
469 |468 |00:42:36 ~-~-> 00:42:40 |yourself a couple retail books. Learn how to trade ICT. I don't want anything
470 |469 |00:42:40 ~-~-> 00:42:46 |from you. I don't need anything from you, but I want you to know that there's
471 |470 |00:42:46 ~-~-> 00:42:52 |a way of doing this. It's not hard. It's impossible. If you try to put everything
472 |471 |00:42:52 ~-~-> 00:42:57 |I've ever taught into a repertoire with no experience, and that just went rid of
473 |472 |00:42:57 ~-~-> 00:43:02 |your head, and I'll say it again, slower, in a different way. When you
474 |473 |00:43:02 ~-~-> 00:43:06 |come to my work and you see the Compendium that I've placed in the
475 |474 |00:43:06 ~-~-> 00:43:12 |public's hands with 700 plus videos, that's a little intimidating. I got to
476 |475 |00:43:12 ~-~-> 00:43:16 |admit that if I was starting out, and the guy that was supposed to be the
477 |476 |00:43:16 ~-~-> 00:43:19 |bee's knees in the industry, everybody talks about him and wants to be like
478 |477 |00:43:19 ~-~-> 00:43:25 |him, and the ones that can't stand me, that want to have the the influence I
479 |478 |00:43:25 ~-~-> 00:43:32 |have, they're constantly talking about me. So you want to be like that person,
480 |479 |00:43:32 ~-~-> 00:43:37 |as a young male. But then when you see all those videos, and I would have been
481 |480 |00:43:37 ~-~-> 00:43:40 |done, I would have been thinking the same thing. I think, man, there's got to
482 |481 |00:43:40 ~-~-> 00:43:45 |be an easier way. 700 videos, you don't have to watch all 700 videos. You don't
483 |482 |00:43:45 ~-~-> 00:43:49 |have to do that. A lot of them is just me doing like this, just doing it,
484 |483 |00:43:50 ~-~-> 00:43:53 |recording videos, doing lectures over what I've done, trading here, trading
485 |484 |00:43:53 ~-~-> 00:43:56 |there, trading with a live account. You gotta say, Oh, he never trades a Live
486 |485 |00:43:56 ~-~-> 00:44:00 |account. I got videos out the Yin Yang on my YouTube channel. I'm doing that. I
487 |486 |00:44:00 ~-~-> 00:44:06 |go into my Live account, that's broker, regulated broker showing you every
488 |487 |00:44:06 ~-~-> 00:44:12 |single day's statistics, live login. I mean, I don't know why you guys pretend
489 |488 |00:44:12 ~-~-> 00:44:17 |and lie like, like I haven't done that before I've done it. Okay? So you have
490 |489 |00:44:17 ~-~-> 00:44:22 |somebody that loves teaching. I have the stuff that works. I have the stuff that
491 |490 |00:44:22 ~-~-> 00:44:28 |everybody else is rebranding, and I don't lose interest in teaching. But you
492 |491 |00:44:28 ~-~-> 00:44:32 |make the mistake when you come to me and you try to watch all those videos real
493 |492 |00:44:32 ~-~-> 00:44:34 |fast, like you can retain it. You can't
494 |493 |00:44:36 ~-~-> 00:44:41 |just start with one playlist. And for the folks that are brand new. This is
495 |494 |00:44:41 ~-~-> 00:44:47 |how you start. You simply grab a couple tools a new day, opening gap, the
496 |495 |00:44:47 ~-~-> 00:44:52 |opening range gaps over the last three days, put them on your chart, and then
497 |496 |00:44:52 ~-~-> 00:44:56 |look for relative equal highs. Where is it? Clean, very, very smooth edges.
498 |497 |00:44:56 ~-~-> 00:45:01 |That's this level. I told you here. You. On this time frame, I got to go to
499 |498 |00:45:01 ~-~-> 00:45:06 |electronic trading hours chart that right there is going to be the confusion
500 |499 |00:45:06 ~-~-> 00:45:10 |for most of you. When you're toggling back and forth with a brand new trader,
501 |500 |00:45:11 ~-~-> 00:45:16 |it's a little confusing to know what you're looking at, and sometimes you'll
502 |501 |00:45:16 ~-~-> 00:45:20 |mess it up. And to be honest with you, as a as a 40 year old, when I was
503 |502 |00:45:20 ~-~-> 00:45:25 |trading, a lot, I would toggle back and forth between electronic trading hours
504 |503 |00:45:25 ~-~-> 00:45:29 |and regular trading hours. And a few times I got disoriented, and I took a
505 |504 |00:45:29 ~-~-> 00:45:33 |trade based on something I thought I saw, and I was thinking it was regular
506 |505 |00:45:33 ~-~-> 00:45:36 |trading hours, and it was not. It was electronic trading hours, and it caused
507 |506 |00:45:36 ~-~-> 00:45:39 |me to lose money. And it's going to happen to you. You're going to you're
508 |507 |00:45:39 ~-~-> 00:45:43 |going to do human things like that, you're going to get disorganized, or
509 |508 |00:45:43 ~-~-> 00:45:47 |you're going to get distracted, and you might think you're at regular trading
510 |509 |00:45:47 ~-~-> 00:45:50 |hours and you're not your electronic trading hours. Those types of things are
511 |510 |00:45:51 ~-~-> 00:45:56 |going to creep in, because we're human. Don't worry about that so much. Or have
512 |511 |00:45:56 ~-~-> 00:46:02 |all these would have thinkings that's going to cause you to feel like it's too
513 |512 |00:46:02 ~-~-> 00:46:05 |scary if I make a mistake, I can hurt myself, because you're not trading with
514 |513 |00:46:05 ~-~-> 00:46:10 |real money. So these clean highs up here. I mentioned how I liked them
515 |514 |00:46:10 ~-~-> 00:46:16 |earlier, right at the beginning of the stream, and then once we ran the sell
516 |515 |00:46:16 ~-~-> 00:46:20 |side out below that low, now we're right back up to those same equal highs again,
517 |516 |00:46:21 ~-~-> 00:46:29 |see that? So both liquidity and the PD arrays I gave you, which are all these
518 |517 |00:46:29 ~-~-> 00:46:36 |things up here, think of this as this collection of lines and ranges I told
519 |518 |00:46:36 ~-~-> 00:46:43 |you about. Think about that as a big magnet. Okay, a really big magnet. And
520 |519 |00:46:43 ~-~-> 00:46:45 |think about every,
521 |520 |00:46:52 ~-~-> 00:47:00 |every 15 second candlestick. Think about that as a paper clip, okay? And it
522 |521 |00:47:00 ~-~-> 00:47:10 |starts down here. When you're dropping these paper clips underneath a magnet, a
523 |522 |00:47:10 ~-~-> 00:47:14 |really strong magnet, and you start spilling them out of a cup, like this.
524 |523 |00:47:14 ~-~-> 00:47:17 |They start spilling out of a cup, and they start, they initially start falling
525 |524 |00:47:17 ~-~-> 00:47:20 |because of gravity, but eventually, what happens the magnetism, the field of
526 |525 |00:47:20 ~-~-> 00:47:28 |magnetic or magnetism pulls what those paper clips up. They get raptured. See
527 |526 |00:47:28 ~-~-> 00:47:33 |that gets sucked right back up into a level where the field of magnetism is
528 |527 |00:47:33 ~-~-> 00:47:38 |the strongest, and where's that going to be at, technically, in the PD arrays
529 |528 |00:47:38 ~-~-> 00:47:39 |that I showed you in the chart. Do
530 |529 |00:47:44 ~-~-> 00:47:48 |eight up here, all these things. These are all this is like the magnet. And
531 |530 |00:47:48 ~-~-> 00:47:52 |notice that Monday, Tuesday, regular trading hours, opening range gap. Look
532 |531 |00:47:52 ~-~-> 00:47:57 |where the bodies are really collecting, right there. So consequent encroachment
533 |532 |00:47:57 ~-~-> 00:48:02 |of that range right there, I think, is like the core. Like, that's the big
534 |533 |00:48:02 ~-~-> 00:48:06 |draw. Now you see people that talk about, like, volume profile, and I'll
535 |534 |00:48:06 ~-~-> 00:48:11 |see point of control and those types of things. This is the real point of
536 |535 |00:48:11 ~-~-> 00:48:17 |control. This is this is the real one. Okay, this is it. And I'm telling you,
537 |536 |00:48:17 ~-~-> 00:48:23 |you don't need level two data. You don't need volume bars posted horizontally
538 |537 |00:48:23 ~-~-> 00:48:27 |here on your chart. It looks real cool. It makes you look real smart and
539 |538 |00:48:27 ~-~-> 00:48:31 |scientific. But you don't need you don't need that, folks. You don't need that at
540 |539 |00:48:31 ~-~-> 00:48:35 |all, nothing. You don't need anything like that. You just need to know where
541 |540 |00:48:35 ~-~-> 00:48:39 |can the market be drawn to next? Why should it be drawn there? And is it more
542 |541 |00:48:39 ~-~-> 00:48:42 |than one reason for it to happen, because the more things that you can
543 |542 |00:48:42 ~-~-> 00:48:47 |stack in your favor, it becomes so overwhelmingly one sided. We're getting
544 |543 |00:48:47 ~-~-> 00:48:52 |ready to have new so it was so one sided. It's it's high probability, and
545 |544 |00:48:52 ~-~-> 00:48:57 |that's what I'm getting at. So now look at the daily chart over here. Okay, we
546 |545 |00:48:57 ~-~-> 00:49:01 |came off these lows really hard. We came up swiped that minor buy side of
547 |546 |00:49:01 ~-~-> 00:49:04 |liquidity. And now we're going to get the news reaction here. So
548 |547 |00:49:31 ~-~-> 00:49:35 |it was a portion of the opening range gap for today that's not closed in
549 |548 |00:49:35 ~-~-> 00:49:41 |order. It's that's this level up here, this regular training hours, opening
550 |549 |00:49:41 ~-~-> 00:49:45 |range high, or yesterday's rate of trading hours close. So.
551 |550 |00:50:01 ~-~-> 00:50:11 |Oh, that's it's a little bit of a lackluster reaction in it. So we've had
552 |551 |00:50:11 ~-~-> 00:50:19 |a low form in the first two minutes of trading. Rally up, pulls up into the
553 |552 |00:50:19 ~-~-> 00:50:24 |levels I told you about, we came back down, took the sell side liquidity,
554 |553 |00:50:24 ~-~-> 00:50:29 |resting below that low hit that came right back up into the range, went back
555 |554 |00:50:29 ~-~-> 00:50:33 |into that old liquidity pool, which is what I teach you to do. This is not
556 |555 |00:50:33 ~-~-> 00:50:36 |support and resistance. You're going back to that level because it was an
557 |556 |00:50:36 ~-~-> 00:50:39 |area where the algorithm now, here's here's where you write this stuff down.
558 |557 |00:50:40 ~-~-> 00:50:44 |I have Yahoos out there that say ICT is such a moron that he thinks there's a
559 |558 |00:50:44 ~-~-> 00:50:53 |central one algorithm that controls price. Yes, that I didn't stutter. But
560 |559 |00:50:55 ~-~-> 00:51:00 |you have to think about how if you were going to code that algorithm, how is
561 |560 |00:51:00 ~-~-> 00:51:10 |price going to know where to go to next for liquidity? Because just like you see
562 |561 |00:51:10 ~-~-> 00:51:14 |on level two data and depth of market and ladders and whatnot, there can be
563 |562 |00:51:14 ~-~-> 00:51:19 |spoofing. And spoofing is where someone with deep pockets can put, like a block
564 |563 |00:51:19 ~-~-> 00:51:25 |of 500 contracts that they want to buy above here. Okay, it'll sit there, but
565 |564 |00:51:25 ~-~-> 00:51:28 |if they're not really wanting to buy that, when it starts trading, getting
566 |565 |00:51:28 ~-~-> 00:51:32 |close like that, they'll pull that order. It won't be there. So they ghost
567 |566 |00:51:32 ~-~-> 00:51:36 |that whole entire order. But they know, a lot of you Jack legs out there that
568 |567 |00:51:36 ~-~-> 00:51:42 |believe in this religion of level two data, you'll see that and say, Oh, wow,
569 |568 |00:51:42 ~-~-> 00:51:45 |you know there's a there's a buyer at 500 contracts, and you think they knew
570 |569 |00:51:45 ~-~-> 00:51:51 |something that you don't. And really, what we're doing is we're laying bait
571 |570 |00:51:52 ~-~-> 00:51:56 |because we know retail traders like you are going to look at that and be enticed
572 |571 |00:51:56 ~-~-> 00:52:01 |to do what think about what are you going to do? You're going to buy on a
573 |572 |00:52:01 ~-~-> 00:52:07 |breakout, okay, you're going to expect it to get up there. You'll buy it and
574 |573 |00:52:07 ~-~-> 00:52:11 |hope it breaks through and keeps going higher in the difference between where
575 |574 |00:52:11 ~-~-> 00:52:15 |it's at now and where it goes if it goes up in a trade where that 500 block was
576 |575 |00:52:15 ~-~-> 00:52:20 |being spoofed, spoofed is not really the intention of being filled at that price.
577 |576 |00:52:20 ~-~-> 00:52:23 |They're just placing you just like you can put an order in. You can put an
578 |577 |00:52:23 ~-~-> 00:52:27 |order in to buy on a stop up here, anybody can do that. But when they are
579 |578 |00:52:27 ~-~-> 00:52:33 |being shown on level two data, it's a form of manipulation. It entices other
580 |579 |00:52:33 ~-~-> 00:52:38 |traders with less informed, well psyche they don't have, they have, they have no
581 |580 |00:52:38 ~-~-> 00:52:42 |idea what to anticipate in price. They just want to look for bells and whistles
582 |581 |00:52:42 ~-~-> 00:52:48 |and inside little edges. And because depth of market, the DOM not dome. Dom
583 |582 |00:52:48 ~-~-> 00:52:53 |has all these little numbers flashing around. It feels like you're Batman, and
584 |583 |00:52:53 ~-~-> 00:52:58 |you have, you know, his his bat caving, and all these little things blinking and
585 |584 |00:52:58 ~-~-> 00:53:02 |all these, wow. Someone comes in your room, looks over your shoulder. Look at
586 |585 |00:53:02 ~-~-> 00:53:07 |this person. Wow. You are really scientific. You must be really smart and
587 |586 |00:53:07 ~-~-> 00:53:11 |brave, brave to get out there and just take on the market like this. You got
588 |587 |00:53:11 ~-~-> 00:53:16 |secret weapons, don't you? No, you're not NASA. You're not seeing they're not
589 |588 |00:53:16 ~-~-> 00:53:20 |satellites. You're tracking on there. Okay? You're literally being tricked.
590 |589 |00:53:21 ~-~-> 00:53:28 |You're literally being tricked. You're being enticed, baited, to chase these
591 |590 |00:53:28 ~-~-> 00:53:32 |big blocks. I'm gonna say something that's gonna be shocking to you, but
592 |591 |00:53:32 ~-~-> 00:53:35 |there's a lot of orders that never get shown there. There's a whole different
593 |592 |00:53:35 ~-~-> 00:53:38 |market that you don't even know anything about, but I'm gonna leave that for
594 |593 |00:53:38 ~-~-> 00:53:43 |another discussion, maybe, maybe a next space. But you don't need that stuff,
595 |594 |00:53:45 ~-~-> 00:53:49 |and the algorithm doesn't need to know the actual number either. That's why
596 |595 |00:53:49 ~-~-> 00:53:54 |I've said baby baby pips days. I said the algorithm doesn't know where your
597 |596 |00:53:54 ~-~-> 00:53:58 |stop is, literally, and it doesn't know where my stop is. It doesn't. It just
598 |597 |00:53:58 ~-~-> 00:54:04 |knows where old highs are where you're going to place that buy stock, or where
599 |598 |00:54:04 ~-~-> 00:54:07 |that old low is where you're going to place that sell stop. You see how easy
600 |599 |00:54:07 ~-~-> 00:54:12 |it is for a coder to put the language in, to go back to a reference point, go
601 |600 |00:54:12 ~-~-> 00:54:19 |back a number of periods. Okay, what is that period? Well, referencing when I'm
602 |601 |00:54:19 ~-~-> 00:54:23 |in a chart that low here. When we were trading here, I said it's going to go
603 |602 |00:54:23 ~-~-> 00:54:27 |down, hit the sell side there, boom. Wait and see if it gets weighty. Does it
604 |603 |00:54:27 ~-~-> 00:54:32 |get heavy? No, it comes right back into the range. It comes right back in one
605 |604 |00:54:32 ~-~-> 00:54:35 |here, and then sends us right back into the old buy side liquidity pool. What is
606 |605 |00:54:35 ~-~-> 00:54:49 |it referencing here, this old high, or highs, right here. These are Asia highs.
607 |606 |00:54:49 ~-~-> 00:54:56 |They're relatively clean levels, so that that Pro that prolonged period of
608 |607 |00:54:56 ~-~-> 00:55:00 |consolidation, where it's real smooth, like that, whenever it does. That you're
609 |608 |00:55:00 ~-~-> 00:55:04 |going to get multiple times, that it's going to probe that same level. Buying
610 |609 |00:55:04 ~-~-> 00:55:08 |and selling pressure is not pushing it there. The algorithm keeps offering it
611 |610 |00:55:08 ~-~-> 00:55:15 |there. See, the algorithm is an AI. It used to be a collection of men that
612 |611 |00:55:15 ~-~-> 00:55:21 |would manipulate the price of whatever market they were in charge of, but it's
613 |612 |00:55:21 ~-~-> 00:55:26 |efficient now to have a structure just like Pac Man. Okay, remember, remember
614 |613 |00:55:26 ~-~-> 00:55:30 |the game Pac Man. Pac Man starts his game here. He goes down, eats the power
615 |614 |00:55:30 ~-~-> 00:55:35 |dot below here. Now he can run and go after the ghosts. Where's the ghost?
616 |615 |00:55:35 ~-~-> 00:55:41 |Anybody that's short and has their orders up here? So it goes up there,
617 |616 |00:55:41 ~-~-> 00:55:45 |eats up all of the ghosts, and then where he needs more power. So where's
618 |617 |00:55:45 ~-~-> 00:55:48 |gonna get more power from? He's got to go down below that low here, because
619 |618 |00:55:48 ~-~-> 00:55:51 |there's a power dot below that. Remember Pac Man. They had upper right hand
620 |619 |00:55:51 ~-~-> 00:55:56 |corner. They had these real big white dots or balls. When he ate that, it made
621 |620 |00:55:56 ~-~-> 00:56:00 |him immune to the ghosts that were trying to chase him down and kill him.
622 |621 |00:56:00 ~-~-> 00:56:03 |And between where he was and before he got to that power dot would be these
623 |622 |00:56:03 ~-~-> 00:56:07 |individual little dots, and he would eat them, okay? And that would cause your,
624 |623 |00:56:07 ~-~-> 00:56:13 |your your score to go up. Well, the real score is when you eat the larger orders,
625 |624 |00:56:13 ~-~-> 00:56:18 |which is the ghosts. And Pac Man, or price, goes from this area. After eats
626 |625 |00:56:18 ~-~-> 00:56:22 |up all these ghosts, it needs more power, so it goes back down and eats the
627 |626 |00:56:22 ~-~-> 00:56:27 |liquidity below that low. Once it gets that then it's energized again. Where's
628 |627 |00:56:27 ~-~-> 00:56:30 |it going to go? Well, if it came down here and it isn't going to keep
629 |628 |00:56:30 ~-~-> 00:56:37 |dropping, what do you look for old highs? Now, old highs is not just that.
630 |629 |00:56:38 ~-~-> 00:56:43 |It's the ones I just showed you. It in Asia. That's an old high, because I'm
631 |630 |00:56:43 ~-~-> 00:56:46 |not supplying demand. I cut through ranges. That's what the algorithm does.
632 |631 |00:56:46 ~-~-> 00:56:51 |The algorithm is going to refer back to old price data that's pertinent to right
633 |632 |00:56:51 ~-~-> 00:56:57 |now, because it's inside this range and now this high here, it rallies up, takes
634 |633 |00:56:57 ~-~-> 00:57:01 |that here, and it's also sweeping above where that minor buy side liquidity pool
635 |634 |00:57:01 ~-~-> 00:57:10 |is, or was in 930 or so Asia last night, if you strip away everything I said
636 |635 |00:57:10 ~-~-> 00:57:16 |Today and you just simply looked at price like this,
637 |636 |00:57:28 ~-~-> 00:57:33 |retail traders look at that and they are scratching their head thinking, how are
638 |637 |00:57:33 ~-~-> 00:57:41 |people trading that? And I omit if you don't have any narrative skills, no idea
639 |638 |00:57:41 ~-~-> 00:57:45 |of referencing where liquidity is, how price is going to use old reference
640 |639 |00:57:45 ~-~-> 00:57:52 |points. This is this right here. This is complicated. It's very complicated
641 |640 |00:57:53 ~-~-> 00:57:56 |because how can you make any heads or tails out of this back and forth
642 |641 |00:57:56 ~-~-> 00:58:03 |gyration? But I laid down the map before we even started today, I gave it to you.
643 |642 |00:58:03 ~-~-> 00:58:09 |I gave it to you, and it's using tools that I've handled for three decades.
644 |643 |00:58:09 ~-~-> 00:58:14 |I've kept this stuff guarded for a long, long time, and I have looked at all of
645 |644 |00:58:14 ~-~-> 00:58:19 |you through my screens for years, watching you fall victim to this stuff,
646 |645 |00:58:20 ~-~-> 00:58:26 |and I've gifted it to the community. I've given it to you, and I have made
647 |646 |00:58:26 ~-~-> 00:58:31 |millionaires all around the world, all around the world, some of them don't
648 |647 |00:58:31 ~-~-> 00:58:37 |want to admit it, and others are upstanding folks and say, you know that
649 |648 |00:58:37 ~-~-> 00:58:41 |man taught me, and I'm thankful, and I have a whole different appreciation for
650 |649 |00:58:41 ~-~-> 00:58:45 |life, and, you know, a bright future. And that's what I'm wanting for you. I
651 |650 |00:58:45 ~-~-> 00:58:49 |want you to do that. It didn't cost you anything to be here. It doesn't cost you
652 |651 |00:58:49 ~-~-> 00:58:52 |anything to watch my videos. You don't have to watch my video. Really, you
653 |652 |00:58:52 ~-~-> 00:58:56 |don't have to. But if you want to learn, I've made it available for you. But you
654 |653 |00:58:56 ~-~-> 00:59:01 |just go in and you take bite sized bites of it, okay, digest as much as you can.
655 |654 |00:59:01 ~-~-> 00:59:05 |Don't try to do too much at one time. Don't try to do like four videos over
656 |655 |00:59:05 ~-~-> 00:59:10 |the weekend. Just pick one. Really listen to what I'm teaching. Because I'm
657 |656 |00:59:10 ~-~-> 00:59:13 |not talking because I like the sound of my voice. I'm talking because I want you
658 |657 |00:59:13 ~-~-> 00:59:20 |to know every facet, every minute detail, so that way that you know, that
659 |658 |00:59:20 ~-~-> 00:59:24 |you know. And if you rush through a number of videos, you're gonna have
660 |659 |00:59:24 ~-~-> 00:59:28 |questions that you're gonna feel like they never were answered, or I will
661 |660 |00:59:28 ~-~-> 00:59:32 |never be able to answer, because so many people ask me all the time, can you do
662 |661 |00:59:32 ~-~-> 00:59:37 |this? Can you do that? It's in the videos. 99.9% of the things that you're
663 |662 |00:59:37 ~-~-> 00:59:40 |going to ask me is already out there, and you want me to save you a lot of
664 |663 |00:59:40 ~-~-> 00:59:45 |time, and I would burn up all of my time if I did that for everyone, I got 2
665 |664 |00:59:45 ~-~-> 00:59:51 |million people following me. What do you think that's like? It's it's hard to
666 |665 |00:59:51 ~-~-> 00:59:55 |keep up with, so I have to build a barrier. So this is all I'm willing to
667 |666 |00:59:55 ~-~-> 00:59:59 |do, not because I don't want to do more. It's just at some point I will wear.
668 |667 |01:00:00 ~-~-> 01:00:04 |Myself down, which is what I did, and it affected my health, and I'm not going to
669 |668 |01:00:04 ~-~-> 01:00:08 |go there again. So I have to have a balance in my life. I'm getting older,
670 |669 |01:00:08 ~-~-> 01:00:12 |I'm not as strong as I used to be as a young man, and I have to pace myself.
671 |670 |01:00:12 ~-~-> 01:00:16 |But it doesn't change the fact that you have this information available to you.
672 |671 |01:00:16 ~-~-> 01:00:21 |It's it's in my YouTube channel, it's literally right there. All you have to
673 |672 |01:00:21 ~-~-> 01:00:26 |do is pull up your sleeves and start watching any one of those playlists.
674 |673 |01:00:26 ~-~-> 01:00:29 |Just pick one. Just start somewhere, because they're going to overlap.
675 |674 |01:00:29 ~-~-> 01:00:34 |Everything gets talked about in other places again, because it needs to have
676 |675 |01:00:34 ~-~-> 01:00:39 |repetition. And if you're like someone that listens to someone like me, where I
677 |676 |01:00:39 ~-~-> 01:00:43 |care enough to teach the right way, and you feel like, you know, get to the
678 |677 |01:00:43 ~-~-> 01:00:48 |point, guy, don't watch me, don't even, don't even look at any material, because
679 |678 |01:00:48 ~-~-> 01:00:52 |it isn't for you. And I mean that it's not arrogance. I'm not trying to be
680 |679 |01:00:52 ~-~-> 01:00:56 |narcissistic. It just means that you clearly are indicating that you're not
681 |680 |01:00:56 ~-~-> 01:01:00 |someone that really wants to do this correctly and has the proper mindset,
682 |681 |01:01:00 ~-~-> 01:01:05 |because if you're not patient enough to want to put the due diligence and time
683 |682 |01:01:05 ~-~-> 01:01:10 |required to learn this highly technical stuff, you're competing folks. Listen to
684 |683 |01:01:10 ~-~-> 01:01:19 |me. You are competing with the smartest people, the most most ruthless people,
685 |684 |01:01:19 ~-~-> 01:01:25 |the most greedy individuals that's ever walked this planet. You think they're
686 |685 |01:01:25 ~-~-> 01:01:29 |just gonna just bend over and let you just stick it up them, and they can
687 |686 |01:01:29 ~-~-> 01:01:32 |empty their pockets and that's it. You can just walk away, and nobody's gonna,
688 |687 |01:01:32 ~-~-> 01:01:36 |you know, do anything back to you. They're gonna make you earn it. They're
689 |688 |01:01:36 ~-~-> 01:01:39 |gonna scare you at price runs that come out of nowhere, and it's gonna be, oh,
690 |689 |01:01:39 ~-~-> 01:01:44 |man, what's going on? Where does happen? Oh, let me get my trade. And they'll
691 |690 |01:01:44 ~-~-> 01:01:47 |entice you to make you think you're right about something. So you go and
692 |691 |01:01:47 ~-~-> 01:01:51 |you'll buy more or sell sell more, and then they rip it against you. The other
693 |692 |01:01:51 ~-~-> 01:01:57 |direction. They have the ability to do that, and they laugh at your idea of
694 |693 |01:01:57 ~-~-> 01:02:02 |buying and selling pressure. They are the pressure. It's a pressure cooker,
695 |694 |01:02:02 ~-~-> 01:02:08 |and if you don't know what I'm teaching, you're cooked. So if you found what I
696 |695 |01:02:08 ~-~-> 01:02:11 |taught today insightful, feels helpful to you, yeah, just give me some
697 |696 |01:02:11 ~-~-> 01:02:15 |feedback. Let me know. I know it's good, but I just want to hear it from you all
698 |697 |01:02:15 ~-~-> 01:02:19 |until talk to you next time. Be safe and good. Trading you.
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