Changes for page Getting Started In ICT Scalping Concepts.srt

on 2020-11-20 16:43


on 2020-11-20 16:44
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... ... @@ -1,0 +1,3243 @@ 1 +1 2 +00:00:37,980 ~-~-> 00:00:43,650 3 +ICT: Good morning folks. appreciate your patience. Alright, 4 + 5 +2 6 +00:00:43,650 ~-~-> 00:00:46,410 7 +so we're gonna go over a few things. I'm not gonna spend a 8 + 9 +3 10 +00:00:46,410 ~-~-> 00:00:48,510 11 +whole lot of time with you today. I'm gonna try to keep the 12 + 13 +4 14 +00:00:48,720 ~-~-> 00:00:55,320 15 +session short. The focus is really to try to get you up to 16 + 17 +5 18 +00:00:55,320 ~-~-> 00:00:59,460 19 +speed as fast as I possibly can, but not cramming you with 20 + 21 +6 22 +00:00:59,460 ~-~-> 00:01:02,400 23 +too much info. Because I know that a lot of new followers 24 + 25 +7 26 +00:01:02,460 ~-~-> 00:01:08,550 27 +are not new readers, to my material. And you're all anxious 28 + 29 +8 30 +00:01:08,550 ~-~-> 00:01:13,560 31 +to get to the next video on my other tutorials, and in 32 + 33 +9 34 +00:01:13,560 ~-~-> 00:01:16,860 35 +between that, like give you what I think you should be doing 36 + 37 +10 38 +00:01:16,860 ~-~-> 00:01:21,000 39 +with your time, it's not going to be learned by watching my 40 + 41 +11 42 +00:01:21,000 ~-~-> 00:01:25,350 43 +videos, okay? There's a lot of folks that will say, watch 44 + 45 +12 46 +00:01:25,350 ~-~-> 00:01:28,080 47 +the videos, watch the videos. And it's true, you have to see 48 + 49 +13 50 +00:01:28,080 ~-~-> 00:01:31,830 51 +the videos to get the concepts. But don't spend your time 52 + 53 +14 54 +00:01:31,860 ~-~-> 00:01:34,710 55 +just watching videos binge watching, you actually have to do 56 + 57 +15 58 +00:01:34,710 ~-~-> 00:01:37,920 59 +all the work in your own charts. The folks that are going to 60 + 61 +16 62 +00:01:37,920 ~-~-> 00:01:42,180 63 +do well with my stuff or anything else. It's going to be the 64 + 65 +17 66 +00:01:42,180 ~-~-> 00:01:46,200 67 +ones that participate in practice and do it without being 68 + 69 +18 70 +00:01:46,500 ~-~-> 00:01:51,360 71 +told to do so by me. You got to have some initiative, okay. 72 + 73 +19 74 +00:01:51,360 ~-~-> 00:01:55,920 75 +And without having that it's going to be well, next to 76 + 77 +20 78 +00:01:55,920 ~-~-> 00:01:59,010 79 +impossible for you get good and you're going to be the one 80 + 81 +21 82 +00:01:59,010 ~-~-> 00:02:01,740 83 +that stands in the way of you Being proficient with this, 84 + 85 +22 86 +00:02:02,100 ~-~-> 00:02:05,790 87 +not my delivery of the content, not my frequency of putting 88 + 89 +23 90 +00:02:05,790 ~-~-> 00:02:09,750 91 +out videos, it's going to be the amount of time you put into 92 + 93 +24 94 +00:02:09,750 ~-~-> 00:02:15,630 95 +studying and studying correctly practicing it correctly. So 96 + 97 +25 98 +00:02:16,080 ~-~-> 00:02:18,870 99 +I'm going to give you why I believe that you should be 100 + 101 +26 102 +00:02:18,870 ~-~-> 00:02:23,130 103 +focusing on one pair. Okay, and how you should go about 104 + 105 +27 106 +00:02:23,130 ~-~-> 00:02:26,280 107 +doing that. And how you should log each experience each 108 + 109 +28 110 +00:02:26,280 ~-~-> 00:02:30,300 111 +deck. Now, either you're going to do it live, or you can do 112 + 113 +29 114 +00:02:30,300 ~-~-> 00:02:33,000 115 +it by hindsight, a lot of you have jobs, all you have 116 + 117 +30 118 +00:02:33,000 ~-~-> 00:02:36,090 119 +businesses, is life's going to be in the way and you can't 120 + 121 +31 122 +00:02:36,090 ~-~-> 00:02:40,800 123 +always be watching live price action. You still can learn 124 + 125 +32 126 +00:02:40,800 ~-~-> 00:02:45,120 127 +this. I taught myself a lot of the things that I teach, all 128 + 129 +33 130 +00:02:45,120 ~-~-> 00:02:49,260 131 +based on end of day data. I would go back and look at charts 132 + 133 +34 134 +00:02:49,320 ~-~-> 00:02:52,350 135 +that happened during the day with an hourly chart, and I 136 + 137 +35 138 +00:02:52,350 ~-~-> 00:02:55,590 139 +could see certain things and that's how I learned a lot of 140 + 141 +36 142 +00:02:55,590 ~-~-> 00:02:59,700 143 +the things that I started with my core principles. When I 144 + 145 +37 146 +00:02:59,700 ~-~-> 00:03:04,620 147 +was Starting with the Forex tutorials back in 2010 I've been 148 + 149 +38 150 +00:03:04,620 ~-~-> 00:03:07,980 151 +trading a lot longer than that. But a lot of the core 152 + 153 +39 154 +00:03:08,220 ~-~-> 00:03:11,220 155 +understanding came by way of just simply understanding end 156 + 157 +40 158 +00:03:11,220 ~-~-> 00:03:15,210 159 +of day trading. And that means nothing intraday, nothing 160 + 161 +41 162 +00:03:15,210 ~-~-> 00:03:21,000 163 +live. It was all based on basically a daily chart. Okay, so 164 + 165 +42 166 +00:03:22,050 ~-~-> 00:03:27,120 167 +yesterday I gave you guys a chart here and I highly price 168 + 169 +43 170 +00:03:27,120 ~-~-> 00:03:32,370 171 +hitting this specific level here. And hopefully I'll stem a 172 + 173 +44 174 +00:03:32,370 ~-~-> 00:03:36,960 175 +lot of this. With this comment about it probably won't be as 176 + 177 +45 178 +00:03:37,410 ~-~-> 00:03:40,740 179 +effective as I was hope, hope hope it would be rather. But 180 + 181 +46 182 +00:03:41,610 ~-~-> 00:03:44,550 183 +everyone seems to think that the magic is happening with the 184 + 185 +47 186 +00:03:44,550 ~-~-> 00:03:47,730 187 +Fibonacci. And there's a lot of things that go along with 188 + 189 +48 190 +00:03:48,030 ~-~-> 00:03:52,710 191 +using Fibonacci for my targets and my entries. It's not the 192 + 193 +49 194 +00:03:52,710 ~-~-> 00:03:56,580 195 +sole basis for my entry. Okay, in first glance, it looks 196 + 197 +50 198 +00:03:56,580 ~-~-> 00:03:59,910 199 +like something you've seen before, okay, but there's a lot 200 + 201 +51 202 +00:03:59,910 ~-~-> 00:04:03,300 203 +of Other things that you have to focus on and Shouldn't you 204 + 205 +52 206 +00:04:03,300 ~-~-> 00:04:05,820 207 +try doing on your own, you know, right away? It's not as 208 + 209 +53 210 +00:04:05,820 ~-~-> 00:04:08,460 211 +easy as you think it is. You don't know what the anchor what 212 + 213 +54 214 +00:04:08,460 ~-~-> 00:04:13,500 215 +fib on what level what? Pi with low, suddenly, you know, it 216 + 217 +55 218 +00:04:13,500 ~-~-> 00:04:15,930 219 +doesn't look like it doesn't work that good. And it's 220 + 221 +56 222 +00:04:15,930 ~-~-> 00:04:19,770 223 +because of the experience factor. My group that I have 224 + 225 +57 226 +00:04:19,770 ~-~-> 00:04:23,250 227 +mentored for the last over, over, well, it's been a year 228 + 229 +58 230 +00:04:23,250 ~-~-> 00:04:27,540 231 +now. Some of them are still admittedly struggling with some 232 + 233 +59 234 +00:04:27,540 ~-~-> 00:04:31,500 235 +of the concepts. And I'm constantly repeating. It's an 236 + 237 +60 238 +00:04:31,500 ~-~-> 00:04:34,350 239 +experience thing that they have to grow into. You don't 240 + 241 +61 242 +00:04:34,350 ~-~-> 00:04:37,260 243 +learn this overnight, you certainly aren't going to learn in 244 + 245 +62 246 +00:04:37,260 ~-~-> 00:04:40,830 247 +one year. Okay, but you will learn to grow in your 248 + 249 +63 250 +00:04:40,830 ~-~-> 00:04:43,140 251 +understanding. So I'm going to give you a foundation today. 252 + 253 +64 254 +00:04:43,560 ~-~-> 00:04:46,920 255 +To start with, it's only specifically dealing with scouting, 256 + 257 +65 258 +00:04:46,920 ~-~-> 00:04:51,480 259 +okay. So please don't come at me on Twitter about hey, look, 260 + 261 +66 262 +00:04:51,540 ~-~-> 00:04:54,330 263 +you know, what about central bank dealers range and what 264 + 265 +67 266 +00:04:54,330 ~-~-> 00:04:58,080 267 +about the fallout? And what about, you know, the moving 268 + 269 +68 270 +00:04:58,080 ~-~-> 00:05:03,060 271 +average crossovers, and what about it Trading stick to what 272 + 273 +69 274 +00:05:03,060 ~-~-> 00:05:05,850 275 +I'm giving you. Not because I'm trying to hold anything away 276 + 277 +70 278 +00:05:05,850 ~-~-> 00:05:10,620 279 +from you, but I gave you guys way too much stuff before way 280 + 281 +71 282 +00:05:10,620 ~-~-> 00:05:14,100 283 +too fast. And it's gave the impression that you needed to 284 + 285 +72 286 +00:05:14,100 ~-~-> 00:05:18,090 287 +have all that to be successful. And to some degree, a lot of 288 + 289 +73 290 +00:05:18,090 ~-~-> 00:05:23,490 291 +mine. detractors were right in the sense that I was giving 292 + 293 +74 294 +00:05:23,490 ~-~-> 00:05:26,100 295 +way too much. But what I was really doing was I was giving 296 + 297 +75 298 +00:05:26,100 ~-~-> 00:05:30,000 299 +you everything that I went through to develop myself as the 300 + 301 +76 302 +00:05:30,000 ~-~-> 00:05:31,770 303 +amateur trader, the person that you see that 304 + 305 +77 306 +00:05:32,250 ~-~-> 00:05:35,610 307 +took calls the market and gives the analysis concepts, all 308 + 309 +78 310 +00:05:35,610 ~-~-> 00:05:38,670 311 +those things that led up to my understanding, and to become 312 + 313 +79 314 +00:05:38,670 ~-~-> 00:05:41,520 315 +who I am as a trader. Those were the things I went through. 316 + 317 +80 318 +00:05:41,820 ~-~-> 00:05:45,030 319 +And it was kinda like a social experience, to see if anyone 320 + 321 +81 322 +00:05:45,030 ~-~-> 00:05:49,980 323 +else could be, I guess, created the same way I was. And for 324 + 325 +82 326 +00:05:49,980 ~-~-> 00:05:53,310 327 +the most part, it didn't happen. So it was a failed 328 + 329 +83 330 +00:05:53,310 ~-~-> 00:05:57,270 331 +experiment in my eyes, but it was still fun to watch the 332 + 333 +84 334 +00:05:57,270 ~-~-> 00:06:00,900 335 +growth of some individuals that did pretty well with it. But 336 + 337 +85 338 +00:06:00,900 ~-~-> 00:06:04,050 339 +nobody came to the level I was hoping he would, by way of me 340 + 341 +86 342 +00:06:04,170 ~-~-> 00:06:08,910 343 +presenting the information. So with that, I'm going to ask 344 + 345 +87 346 +00:06:08,910 ~-~-> 00:06:11,400 347 +you a question. And this is rhetorical. Obviously, you guys 348 + 349 +88 350 +00:06:11,460 ~-~-> 00:06:14,160 351 +aren't going to be able to tell me what your responses are. 352 + 353 +89 354 +00:06:14,160 ~-~-> 00:06:16,860 355 +You can share them on Twitter, but it's really just a 356 + 357 +90 358 +00:06:17,100 ~-~-> 00:06:22,080 359 +rhetorical. What pair have you spent the most time looking 360 + 361 +91 362 +00:06:22,080 ~-~-> 00:06:25,410 363 +at? Now? There's no correct pair. Okay, please don't think 364 + 365 +92 366 +00:06:25,410 ~-~-> 00:06:30,180 367 +that there's one pair that's better than the other. Because 368 + 369 +93 370 +00:06:30,180 ~-~-> 00:06:33,240 371 +they all do the same thing. They all open, they'll post the 372 + 373 +94 374 +00:06:33,240 ~-~-> 00:06:36,330 375 +high, they'll post the low and the close and create a new 376 + 377 +95 378 +00:06:36,330 ~-~-> 00:06:41,190 379 +bar or new candle. So we're trying we're trading price. We 380 + 381 +96 382 +00:06:41,190 ~-~-> 00:06:44,520 383 +don't care so much about the particular currency. Now there 384 + 385 +97 386 +00:06:44,520 ~-~-> 00:06:47,760 387 +are times when certain currencies should be focused on 388 + 389 +98 390 +00:06:47,760 ~-~-> 00:06:49,680 391 +others, and that's completely outside the scope of this 392 + 393 +99 394 +00:06:49,680 ~-~-> 00:06:53,730 395 +discussion, but I want you to it at least, right now, 396 + 397 +100 398 +00:06:53,760 ~-~-> 00:06:58,830 399 +suspend your curiosity in chasing everything else and just 400 + 401 +101 402 +00:06:58,830 ~-~-> 00:07:03,720 403 +pick one pair It doesn't matter which pair it is. But today 404 + 405 +102 406 +00:07:03,750 ~-~-> 00:07:07,170 407 +as a goal I want you to know don't have to be decided at 408 + 409 +103 410 +00:07:07,170 ~-~-> 00:07:11,100 411 +this moment right now. But give it a day, think about what 412 + 413 +104 414 +00:07:11,100 ~-~-> 00:07:15,360 415 +currency pair you have gone to on your smartphone, or in 416 + 417 +105 418 +00:07:15,360 ~-~-> 00:07:17,430 419 +your demo account. Or maybe you've made the mistake of 420 + 421 +106 422 +00:07:17,430 ~-~-> 00:07:19,410 423 +opening a Live account right away without knowing anything, 424 + 425 +107 426 +00:07:19,830 ~-~-> 00:07:22,770 427 +and what pair you're trying to lose money on. Okay? Because 428 + 429 +108 430 +00:07:22,770 ~-~-> 00:07:24,090 431 +that's what you're doing. If you don't know what you're 432 + 433 +109 434 +00:07:24,090 ~-~-> 00:07:28,590 435 +doing, you're just basically trying to lose your money. And 436 + 437 +110 438 +00:07:28,590 ~-~-> 00:07:32,790 439 +there's, there's really no benefit in doing that. Okay. So, 440 + 441 +111 442 +00:07:32,970 ~-~-> 00:07:35,850 443 +we're going to assume that you have picked one of the 444 + 445 +112 446 +00:07:35,850 ~-~-> 00:07:39,930 447 +majors, okay, so if you're going to be profitable, and I was 448 + 449 +113 450 +00:07:39,930 ~-~-> 00:07:41,700 451 +going to be your goal when you start as a trader, hopefully 452 + 453 +114 454 +00:07:41,700 ~-~-> 00:07:43,920 455 +that's been the case for everyone, and you live in the 456 + 457 +115 458 +00:07:43,920 ~-~-> 00:07:47,940 459 +United States. My advice is to try to trade something that's 460 + 461 +116 462 +00:07:47,970 ~-~-> 00:07:51,300 463 +paired with the dollar index and just simply say this, when 464 + 465 +117 466 +00:07:51,300 ~-~-> 00:07:54,120 467 +you are profitable, you get better tax treatment when you 468 + 469 +118 470 +00:07:54,120 ~-~-> 00:07:57,540 471 +trade $1 based major, okay, and I'll just leave it at that. 472 + 473 +119 474 +00:07:58,650 ~-~-> 00:08:01,560 475 +So doesn't mean you can't Make money on the crosses, it just 476 + 477 +120 478 +00:08:01,560 ~-~-> 00:08:05,880 479 +means that the bulk of your volume would be better suited in 480 + 481 +121 482 +00:08:05,880 ~-~-> 00:08:10,110 483 +a major cross with $1. Okay. And I'm not here teaching tax 484 + 485 +122 486 +00:08:10,110 ~-~-> 00:08:13,140 487 +code, you talk to your tax preparer. They have to have some 488 + 489 +123 490 +00:08:13,140 ~-~-> 00:08:16,380 491 +knowledge and understanding about forex and concur with what 492 + 493 +124 494 +00:08:16,380 ~-~-> 00:08:20,820 495 +I just said. Okay. So we're going to assume you pick a 496 + 497 +125 498 +00:08:20,820 ~-~-> 00:08:25,470 499 +major, it could be euro, dollar, pound dollar, dollar, 500 + 501 +126 502 +00:08:25,470 ~-~-> 00:08:31,050 503 +swissy, dollar yen, dollar, CAD, Aussie dollar. Pick any one 504 + 505 +127 506 +00:08:31,050 ~-~-> 00:08:33,900 507 +of those, okay, and I'm not trying to promote one over the 508 + 509 +128 510 +00:08:33,900 ~-~-> 00:08:38,490 511 +other but I will just simply say that I am predominantly a 512 + 513 +129 514 +00:08:38,670 ~-~-> 00:08:44,250 515 +GBP USD or cable trader, British pound. I can tell you the 516 + 517 +130 518 +00:08:44,250 ~-~-> 00:08:46,830 519 +reason why I feel that way is because I started as a 520 + 521 +131 522 +00:08:46,830 ~-~-> 00:08:49,770 523 +commodity trader and the British pound the Deutsche Mark, 524 + 525 +132 526 +00:08:49,770 ~-~-> 00:08:53,310 527 +which there isn't a Deutsche Mark anymore. Those two pairs 528 + 529 +133 530 +00:08:53,580 ~-~-> 00:08:58,050 531 +or I'm sorry, currencies. I treated them predominantly the 532 + 533 +134 534 +00:08:58,080 ~-~-> 00:09:03,540 535 +most as a Currency Trader. And I had really good luck one 536 + 537 +135 538 +00:09:03,570 ~-~-> 00:09:07,830 539 +time in the Japanese yen. And then later time in my career, 540 + 541 +136 542 +00:09:08,040 ~-~-> 00:09:11,370 543 +it really stumped the crap out of me. And I just don't like 544 + 545 +137 546 +00:09:11,370 ~-~-> 00:09:13,800 547 +him. Okay, it doesn't mean that the things don't work in 548 + 549 +138 550 +00:09:13,800 ~-~-> 00:09:18,960 551 +yen. It's just I just don't want to try again because it's 552 + 553 +139 554 +00:09:18,960 ~-~-> 00:09:21,360 555 +in my head. It's all psychological. And I just don't want to 556 + 557 +140 558 +00:09:21,360 ~-~-> 00:09:25,950 559 +submit to having that engage anymore. So I personally don't 560 + 561 +141 562 +00:09:25,950 ~-~-> 00:09:30,300 563 +like in but some students do exceptionally well trading yen 564 + 565 +142 566 +00:09:30,300 ~-~-> 00:09:35,040 567 +pairs. So don't let me as a mentor or just some guy on the 568 + 569 +143 570 +00:09:35,040 ~-~-> 00:09:38,580 571 +internet talking about what he thinks is right. Don't let me 572 + 573 +144 574 +00:09:38,640 ~-~-> 00:09:41,160 575 +discourage you from doing any one particular pair of the 576 + 577 +145 578 +00:09:41,160 ~-~-> 00:09:43,590 579 +other. I'm just giving you my personal opinion because I get 580 + 581 +146 582 +00:09:43,590 ~-~-> 00:09:45,780 583 +a lot of this in email. So I'm trying to compress all that 584 + 585 +147 586 +00:09:45,780 ~-~-> 00:09:49,890 587 +into this short little presentation. So we're going to elect 588 + 589 +148 590 +00:09:49,980 ~-~-> 00:09:55,080 591 +to go with the euro dollar, and I'm going to use the euro 592 + 593 +149 594 +00:09:55,080 ~-~-> 00:09:59,640 595 +dollar because it's the most widely followed in all of the 596 + 597 +150 598 +00:09:59,640 ~-~-> 00:10:02,820 599 +Forex market and it's pretty liquid. It's very closely tied 600 + 601 +151 602 +00:10:02,820 ~-~-> 00:10:05,160 603 +to the Dollar Index, which, once you go through my 604 + 605 +152 606 +00:10:05,160 ~-~-> 00:10:07,290 607 +tutorials, you'll see that that's actually advantageous for 608 + 609 +153 610 +00:10:07,290 ~-~-> 00:10:10,290 611 +you because you want to be looking for the imbalances and 612 + 613 +154 614 +00:10:10,290 ~-~-> 00:10:13,770 615 +tug of war between the impulse price swings in the dollar. 616 + 617 +155 618 +00:10:14,100 ~-~-> 00:10:16,920 619 +They're going to be mirror images of what you see in the 620 + 621 +156 622 +00:10:16,920 ~-~-> 00:10:20,310 623 +euro dollar. And by that, I mean, if the dollar is bullish, 624 + 625 +157 626 +00:10:20,880 ~-~-> 00:10:22,620 627 +you're going to see extremely 628 + 629 +158 630 +00:10:24,059 ~-~-> 00:10:27,869 631 +perfectly timed bearishness on the euro dollar doesn't mean 632 + 633 +159 634 +00:10:27,869 ~-~-> 00:10:31,199 635 +it happens all the time. Okay, as you seen last week, we had 636 + 637 +160 638 +00:10:31,469 ~-~-> 00:10:36,449 639 +episodes where the euro dollar was held in a range, British 640 + 641 +161 642 +00:10:36,449 ~-~-> 00:10:40,379 643 +Pound was allowed to trade higher and lower in trend. And 644 + 645 +162 646 +00:10:40,379 ~-~-> 00:10:42,839 647 +that gives us an indication that there's a trade occurring 648 + 649 +163 650 +00:10:42,839 ~-~-> 00:10:45,419 651 +in euro pound. And again, that stuff's in the tutorials but 652 + 653 +164 654 +00:10:45,419 ~-~-> 00:10:48,269 655 +you got to dig it out and study it. But I'm going to give 656 + 657 +165 658 +00:10:48,269 ~-~-> 00:10:54,239 659 +you the bare bones core essentials to scalping and what I've 660 + 661 +166 662 +00:10:54,239 ~-~-> 00:10:57,209 663 +already given you is a complete system. It's absolutely 664 + 665 +167 666 +00:10:57,629 ~-~-> 00:11:00,749 667 +perfect for a new trader because it gives you The context to 668 + 669 +168 670 +00:11:00,749 ~-~-> 00:11:04,289 671 +go in to the charts study, look for certain things and 672 + 673 +169 674 +00:11:04,289 ~-~-> 00:11:06,749 675 +you're not wasting your time, you'll be able to see things 676 + 677 +170 678 +00:11:06,749 ~-~-> 00:11:10,019 679 +that repeat they have to have a reoccurrence factor. Okay, 680 + 681 +171 682 +00:11:10,019 ~-~-> 00:11:13,529 683 +if what you're studying doesn't have the ability to be 684 + 685 +172 686 +00:11:13,589 ~-~-> 00:11:17,549 687 +replicated at least a few times a week, you're probably not 688 + 689 +173 690 +00:11:17,549 ~-~-> 00:11:22,169 691 +studying anything that has any valid validity or substance, 692 + 693 +174 694 +00:11:22,319 ~-~-> 00:11:24,389 695 +you're probably looking at indicators and stuff. And the 696 + 697 +175 698 +00:11:24,389 ~-~-> 00:11:26,639 699 +only indicator you're going to see on my chart is a 700 + 701 +176 702 +00:11:26,639 ~-~-> 00:11:29,819 703 +Fibonacci. And the only thing I'm highlighting there is a 704 + 705 +177 706 +00:11:29,819 ~-~-> 00:11:33,659 707 +target or a specific range and where I think a entry should 708 + 709 +178 710 +00:11:33,659 ~-~-> 00:11:38,399 711 +occur, do not fall prey to the idea that everything I'm 712 + 713 +179 714 +00:11:38,399 ~-~-> 00:11:41,489 715 +doing hinges solely on the basis of Fibonacci, because it's 716 + 717 +180 718 +00:11:41,489 ~-~-> 00:11:44,729 719 +not believe me, I don't even need that Fibonacci. But the 720 + 721 +181 722 +00:11:44,729 ~-~-> 00:11:48,149 723 +Fibonacci as a teacher, helps me draw your attention to a 724 + 725 +182 726 +00:11:48,149 ~-~-> 00:11:50,429 727 +level I've already arrived that and you're not going to 728 + 729 +183 730 +00:11:50,429 ~-~-> 00:11:57,269 731 +believe me, but I knew this high at 116 55 was probable last 732 + 733 +184 734 +00:11:57,269 ~-~-> 00:12:04,679 735 +Friday. Last Friday at midnight, last Friday. Now you're not 736 + 737 +185 738 +00:12:04,679 ~-~-> 00:12:07,949 739 +gonna believe me, okay? But I don't think I'm not trying to 740 + 741 +186 742 +00:12:07,949 ~-~-> 00:12:10,799 743 +convince you that here today, but there are certain concepts 744 + 745 +187 746 +00:12:11,099 ~-~-> 00:12:15,089 747 +that repeat themselves with a great deal of precision. And 748 + 749 +188 750 +00:12:15,089 ~-~-> 00:12:19,799 751 +they're like clockwork. So if we have to suspend our 752 + 753 +189 754 +00:12:19,829 ~-~-> 00:12:23,399 755 +disbelief about the markets being 100% manipulated to the 756 + 757 +190 758 +00:12:23,399 ~-~-> 00:12:26,729 759 +degree that that daily high and the daily low is already pre 760 + 761 +191 762 +00:12:26,729 ~-~-> 00:12:30,809 763 +determined before the day even begins. So in your notepad, 764 + 765 +192 766 +00:12:30,869 ~-~-> 00:12:33,209 767 +if you don't have a notepad next time we watch a live 768 + 769 +193 770 +00:12:33,209 ~-~-> 00:12:36,449 771 +session, because anything can happen. YouTube could go on 772 + 773 +194 774 +00:12:36,449 ~-~-> 00:12:41,249 775 +the fritz, maybe nine, my compiler doesn't record the video, 776 + 777 +195 778 +00:12:41,429 ~-~-> 00:12:44,639 779 +and you'll lose the insights that I get, sometimes won't 780 + 781 +196 782 +00:12:44,639 ~-~-> 00:12:47,579 783 +remember what I said, because I'm really not trying to work 784 + 785 +197 786 +00:12:47,579 ~-~-> 00:12:51,089 787 +with a script. I know what I want to deliver in such a small 788 + 789 +198 790 +00:12:51,089 ~-~-> 00:12:54,029 791 +little segment of insight, but I want to give you some 792 + 793 +199 794 +00:12:54,029 ~-~-> 00:12:56,999 795 +foundation and also if I can always try to throw little 796 + 797 +200 798 +00:12:56,999 ~-~-> 00:13:00,929 799 +answers to email questions that kind of segue with what I'm 800 + 801 +201 802 +00:13:00,929 ~-~-> 00:13:05,129 803 +teaching. But in your notepad, I want you to write down, 804 + 805 +202 806 +00:13:05,399 ~-~-> 00:13:11,039 807 +Price Is 100% manipulated, and the daily high and daily low 808 + 809 +203 810 +00:13:11,069 ~-~-> 00:13:17,069 811 +are already pre determined at midnight, New York time. So 812 + 813 +204 814 +00:13:17,069 ~-~-> 00:13:21,749 815 +that means midnight last night for me, it's seven hours and 816 + 817 +205 818 +00:13:21,749 ~-~-> 00:13:26,219 819 +21 minutes ago, the daily high and low has already been pre 820 + 821 +206 822 +00:13:26,219 ~-~-> 00:13:31,529 823 +determined for euro dollar. It our era has been determined. 824 + 825 +207 826 +00:13:32,819 ~-~-> 00:13:38,759 827 +Now, you don't know what that is. I don't always know what 828 + 829 +208 830 +00:13:38,759 ~-~-> 00:13:42,779 831 +it is. But there are certain times of the week where certain 832 + 833 +209 834 +00:13:42,779 ~-~-> 00:13:48,539 835 +things align where I had the strongest. Well, I guess 836 + 837 +210 838 +00:13:48,629 ~-~-> 00:13:51,989 839 +probability that I know where the daily high or low is going 840 + 841 +211 842 +00:13:51,989 ~-~-> 00:13:56,279 843 +to be. I've given you several examples of it on Twitter, in 844 + 845 +212 846 +00:13:56,279 ~-~-> 00:13:59,279 847 +video. Yeah, I've already shown you that I've shown you 848 + 849 +213 850 +00:13:59,279 ~-~-> 00:14:03,779 851 +trade example. Now, it's not imperative that you know that 852 + 853 +214 854 +00:14:03,779 ~-~-> 00:14:06,779 855 +this is the high and therefore you hold to get out exactly 856 + 857 +215 858 +00:14:06,779 ~-~-> 00:14:10,679 859 +at 116 55. Because to do that is going to be detrimental to 860 + 861 +216 862 +00:14:10,679 ~-~-> 00:14:13,379 863 +your bottom line because you're going to sometimes get it 864 + 865 +217 866 +00:14:13,379 ~-~-> 00:14:18,659 867 +wrong. But you don't need to have that actual high. For 868 + 869 +218 870 +00:14:18,659 ~-~-> 00:14:21,839 871 +instance, I'll give you an example. And this is to set your 872 + 873 +219 874 +00:14:21,839 ~-~-> 00:14:26,279 875 +expectations. I'm not trying to talk to hear myself, okay, 876 + 877 +220 878 +00:14:26,279 ~-~-> 00:14:28,169 879 +I'm not trying to waste your time. But what I'm saying here 880 + 881 +221 882 +00:14:28,199 ~-~-> 00:14:35,099 883 +me means a lot to take. Take note on this. If we know by way 884 + 885 +222 886 +00:14:35,099 ~-~-> 00:14:40,139 887 +of our tools, or what I'm teaching you, if see if we know 888 + 889 +223 890 +00:14:40,829 ~-~-> 00:14:44,429 891 +that there's a strong probability, that particular pair to 892 + 893 +224 894 +00:14:44,429 ~-~-> 00:14:46,589 895 +work following this case, we're using the Euro dollars in 896 + 897 +225 898 +00:14:46,589 ~-~-> 00:14:47,129 899 +example, 900 + 901 +226 902 +00:14:48,809 ~-~-> 00:14:53,369 903 +if they can go to 116 55 as a daily high, and you've gotten 904 + 905 +227 906 +00:14:53,369 ~-~-> 00:14:56,399 907 +an opportunity to get long, say down here in the New York 908 + 909 +228 910 +00:14:56,399 ~-~-> 00:15:00,179 911 +session or if you have a London close continuation with is 912 + 913 +229 914 +00:15:00,179 ~-~-> 00:15:03,929 915 +what this is here, optimal trade entry. If either one of 916 + 917 +230 918 +00:15:03,929 ~-~-> 00:15:08,429 919 +those are used to get in and your convictions are that we're 920 + 921 +231 922 +00:15:08,429 ~-~-> 00:15:12,749 923 +probably going to see the interbank algorithm print a daily 924 + 925 +232 926 +00:15:12,749 ~-~-> 00:15:18,959 927 +high of 116 55. If that's the case, don't demand such 928 + 929 +233 930 +00:15:18,959 ~-~-> 00:15:23,759 931 +precision that you hold for that exit price. Now, I Showboat 932 + 933 +234 934 +00:15:23,789 ~-~-> 00:15:27,359 935 +online to prove to other people that what I talked about is 936 + 937 +235 938 +00:15:27,359 ~-~-> 00:15:31,949 939 +really there. I gave you the chart, I wait, I wait and wait 940 + 941 +236 942 +00:15:31,949 ~-~-> 00:15:34,319 943 +and wait until the hits the levels I want. And I 944 + 945 +237 946 +00:15:34,319 ~-~-> 00:15:36,569 947 +screencapture right when it happens, so that way you guys 948 + 949 +238 950 +00:15:36,569 ~-~-> 00:15:39,599 951 +can see it. Be go on Twitter, you'll see that's actually the 952 + 953 +239 954 +00:15:39,599 ~-~-> 00:15:43,739 955 +very high on this candle. This particular ones right here 956 + 957 +240 958 +00:15:43,739 ~-~-> 00:15:47,429 959 +ain't gonna pop up on this recording, but the actual high 960 + 961 +241 962 +00:15:47,429 ~-~-> 00:15:51,419 963 +comes in at 116 55. As the candle was creating that high, it 964 + 965 +242 966 +00:15:51,419 ~-~-> 00:15:54,779 967 +never went any higher than that. And it traded lower as a 968 + 969 +243 970 +00:15:54,779 ~-~-> 00:15:59,999 971 +result. I do that to prove to the doubters also to reenter 972 + 973 +244 974 +00:15:59,999 ~-~-> 00:16:02,729 975 +For the people that are trying to learn from me that is 976 + 977 +245 978 +00:16:02,729 ~-~-> 00:16:08,279 979 +absolutely predictable. Now, predictability is not the same 980 + 981 +246 982 +00:16:08,279 ~-~-> 00:16:11,669 983 +as profitability because you can still screw up you can 984 + 985 +247 986 +00:16:11,669 ~-~-> 00:16:16,409 987 +still demand absolution okay? And you're not going to find 988 + 989 +248 990 +00:16:16,409 ~-~-> 00:16:19,619 991 +that okay? There's no forex Jesus, okay, you can pray all 992 + 993 +249 994 +00:16:19,619 ~-~-> 00:16:23,549 995 +you want about the market doing what you want to do anything 996 + 997 +250 998 +00:16:23,579 ~-~-> 00:16:27,059 999 +you want to do it, okay? So you have to have a rule based 1000 + 1001 +251 1002 +00:16:27,059 ~-~-> 00:16:31,079 1003 +idea. So my, the way I interpret intraday price action is I 1004 + 1005 +252 1006 +00:16:31,079 ~-~-> 00:16:32,999 1007 +want to get a rough idea where I think the daily higher 1008 + 1009 +253 1010 +00:16:32,999 ~-~-> 00:16:37,349 1011 +daily low is going to be. Compare that with a bias. Okay, 1012 + 1013 +254 1014 +00:16:37,349 ~-~-> 00:16:40,439 1015 +and you have to have a bias traders to say or instructors, I 1016 + 1017 +255 1018 +00:16:40,439 ~-~-> 00:16:44,279 1019 +say that with quotations in my hands. They'll say you don't 1020 + 1021 +256 1022 +00:16:44,279 ~-~-> 00:16:46,409 1023 +trade with a bias. It's foolish. Those people don't know 1024 + 1025 +257 1026 +00:16:46,409 ~-~-> 00:16:48,359 1027 +what they're talking about. Okay, they have no idea what 1028 + 1029 +258 1030 +00:16:48,359 ~-~-> 00:16:50,279 1031 +you're talking about. And they had no business trying to 1032 + 1033 +259 1034 +00:16:50,279 ~-~-> 00:16:52,919 1035 +tell anyone what to do, because if they're doing anything at 1036 + 1037 +260 1038 +00:16:52,919 ~-~-> 00:16:56,429 1039 +all, they're misleading you. I'm telling you the truth. 1040 + 1041 +261 1042 +00:16:56,669 ~-~-> 00:16:59,099 1043 +These markets are manipulated. They're absolutely not for 1044 + 1045 +262 1046 +00:16:59,099 ~-~-> 00:17:03,479 1047 +your benefit. They are out there to whale. Okay. And that 1048 + 1049 +263 1050 +00:17:03,479 ~-~-> 00:17:06,839 1051 +means they're going after big, large institutional funds. 1052 + 1053 +264 1054 +00:17:07,139 ~-~-> 00:17:09,359 1055 +That's what this is now, yes, there's global commerce that 1056 + 1057 +265 1058 +00:17:09,359 ~-~-> 00:17:13,439 1059 +they actually are used to facilitate global commerce and 1060 + 1061 +266 1062 +00:17:13,739 ~-~-> 00:17:16,799 1063 +transactions between countries and nations and doing 1064 + 1065 +267 1066 +00:17:16,799 ~-~-> 00:17:19,589 1067 +business and stuff. Yeah, that's wonderful. But there's also 1068 + 1069 +268 1070 +00:17:19,589 ~-~-> 00:17:22,379 1071 +opportunity there. And the opportunity is to go after large 1072 + 1073 +269 1074 +00:17:22,379 ~-~-> 00:17:25,799 1075 +liquidity basis. And that's not going to be retail. Retail 1076 + 1077 +270 1078 +00:17:25,799 ~-~-> 00:17:29,999 1079 +is not even on the radar. So if we understand that, that is 1080 + 1081 +271 1082 +00:17:29,999 ~-~-> 00:17:33,299 1083 +how these markets are operating on a day by day basis, and 1084 + 1085 +272 1086 +00:17:33,299 ~-~-> 00:17:36,599 1087 +it's the largest market in the world, and it's ran by the 1088 + 1089 +273 1090 +00:17:36,599 ~-~-> 00:17:39,239 1091 +banks, which, you know, banks don't open up to go into bit 1092 + 1093 +274 1094 +00:17:39,269 ~-~-> 00:17:42,119 1095 +go out of business, they tend to stay in the business or be 1096 + 1097 +275 1098 +00:17:42,119 ~-~-> 00:17:47,039 1099 +consumed by larger bank. If we have that understanding, we 1100 + 1101 +276 1102 +00:17:47,039 ~-~-> 00:17:49,469 1103 +know that there's a large degree of probability that the 1104 + 1105 +277 1106 +00:17:49,469 ~-~-> 00:17:51,989 1107 +daily higher daily low is going to be pre determined at 1108 + 1109 +278 1110 +00:17:51,989 ~-~-> 00:17:55,379 1111 +midnight every single day. And once we know what that level 1112 + 1113 +279 1114 +00:17:55,379 ~-~-> 00:17:58,379 1115 +is, and we compare it with a bias towards if we're bullish 1116 + 1117 +280 1118 +00:17:58,379 ~-~-> 00:18:02,969 1119 +on the euro dollar As indicated yesterday, okay with optimal 1120 + 1121 +281 1122 +00:18:02,969 ~-~-> 00:18:07,739 1123 +trade entry here, and what happened in here. My advice to 1124 + 1125 +282 1126 +00:18:07,739 ~-~-> 00:18:11,669 1127 +you is if you know these things here, okay, and I'm going to 1128 + 1129 +283 1130 +00:18:11,669 ~-~-> 00:18:14,339 1131 +give you things in my tutorials that help you get to this. 1132 + 1133 +284 1134 +00:18:14,339 ~-~-> 00:18:17,369 1135 +Now, it's not going to be this precise. This is something 1136 + 1137 +285 1138 +00:18:17,369 ~-~-> 00:18:21,479 1139 +that is taught in my mentorship. But in the tutorials, I've 1140 + 1141 +286 1142 +00:18:21,509 ~-~-> 00:18:25,529 1143 +given many instances on how you can get real close to this 1144 + 1145 +287 1146 +00:18:25,529 ~-~-> 00:18:29,129 1147 +number. So I'll give you an example. I teach the 50 levels 1148 + 1149 +288 1150 +00:18:29,429 ~-~-> 00:18:33,449 1151 +and the double zero big figure levels are significant. I 1152 + 1153 +289 1154 +00:18:33,449 ~-~-> 00:18:35,429 1155 +want you and this is something you write down in your 1156 + 1157 +290 1158 +00:18:35,429 ~-~-> 00:18:37,379 1159 +notepad right now because this homework for you this all 1160 + 1161 +291 1162 +00:18:37,379 ~-~-> 00:18:42,449 1163 +week, I want you to put every 50 level in every full figure 1164 + 1165 +292 1166 +00:18:42,479 ~-~-> 00:18:45,899 1167 +00 level and what does that mean? Go to your horizontal 1168 + 1169 +293 1170 +00:18:45,899 ~-~-> 00:18:51,089 1171 +line. Okay, and we're going to drop it onto a 50 we're gonna 1172 + 1173 +294 1174 +00:18:51,359 ~-~-> 00:18:57,449 1175 +build it better. So it's on 116 50 and then we're going to 1176 + 1177 +295 1178 +00:18:57,449 ~-~-> 00:19:09,899 1179 +go down to one 16 00 eyes are still not awake yet. So I 1180 + 1181 +296 1182 +00:19:09,899 ~-~-> 00:19:11,669 1183 +apologize for being a little 1184 + 1185 +297 1186 +00:19:14,309 ~-~-> 00:19:17,759 1187 +slow on the deliver here. Okay, so we have 116, big figure, 1188 + 1189 +298 1190 +00:19:18,089 ~-~-> 00:19:21,779 1191 +and 116 50, mid figure, okay, you'll hear these terms used a 1192 + 1193 +299 1194 +00:19:21,779 ~-~-> 00:19:28,439 1195 +lot in my tutorials, I want you to put your 15 00 levels on 1196 + 1197 +300 1198 +00:19:28,469 ~-~-> 00:19:31,979 1199 +the currency pair that you're going to follow. Okay? And I 1200 + 1201 +301 1202 +00:19:31,979 ~-~-> 00:19:34,649 1203 +want you to use wherever the prices right now, right now 1204 + 1205 +302 1206 +00:19:34,649 ~-~-> 00:19:39,089 1207 +it's trading at 1630. So the next two levels above and 1208 + 1209 +303 1210 +00:19:39,089 ~-~-> 00:19:45,299 1211 +below, it's the 50 level and the 00 level, okay? inside of 1212 + 1213 +304 1214 +00:19:45,299 ~-~-> 00:19:49,679 1215 +that price is going to do all kinds of gyrations. ignore it. 1216 + 1217 +305 1218 +00:19:50,099 ~-~-> 00:19:53,369 1219 +Don't do anything with it. Okay. I want you to wait until 1220 + 1221 +306 1222 +00:19:53,369 ~-~-> 00:19:56,849 1223 +price trades to one of these levels, the 50 level or the 00 1224 + 1225 +307 1226 +00:19:56,849 ~-~-> 00:20:01,649 1227 +level. Okay, and then wait for a reaction. It could come 1228 + 1229 +308 1230 +00:20:01,649 ~-~-> 00:20:05,519 1231 +down to 16 00. In bounce, come up and create a retracement. 1232 + 1233 +309 1234 +00:20:05,519 ~-~-> 00:20:08,639 1235 +And that could be an apple trade entry for a day trade and 1236 + 1237 +310 1238 +00:20:08,639 ~-~-> 00:20:11,879 1239 +test it. I'm not telling you to put live money on any of 1240 + 1241 +311 1242 +00:20:11,879 ~-~-> 00:20:15,119 1243 +this, I'm telling you, the practice the reactions off the 50 1244 + 1245 +312 1246 +00:20:15,119 ~-~-> 00:20:17,939 1247 +level and the 000 level, the mid figures and the big 1248 + 1249 +313 1250 +00:20:17,939 ~-~-> 00:20:22,889 1251 +figures. If we watch these levels over time, you're going to 1252 + 1253 +314 1254 +00:20:22,889 ~-~-> 00:20:27,719 1255 +see every setup that you'd ever need is on these levels. And 1256 + 1257 +315 1258 +00:20:27,719 ~-~-> 00:20:31,739 1259 +it's because of the interbank volume. And the banks 1260 + 1261 +316 1262 +00:20:31,739 ~-~-> 00:20:34,919 1263 +themselves like to work off these levels. They'll defend big 1264 + 1265 +317 1266 +00:20:34,919 ~-~-> 00:20:37,109 1267 +figures and mid figures at these levels. There's going to be 1268 + 1269 +318 1270 +00:20:37,109 ~-~-> 00:20:39,449 1271 +a lot of orders, which is what makes these markets move 1272 + 1273 +319 1274 +00:20:39,449 ~-~-> 00:20:42,839 1275 +around. It's not indicators, none of this stuff, and you'll 1276 + 1277 +320 1278 +00:20:42,839 ~-~-> 00:20:47,099 1279 +be surprised that most most folks believe that the chart 1280 + 1281 +321 1282 +00:20:47,099 ~-~-> 00:20:51,689 1283 +itself pushes price and charts are only reflecting the 1284 + 1285 +322 1286 +00:20:51,689 ~-~-> 00:20:57,809 1287 +sentiment and actions of actual transactions. banks don't 1288 + 1289 +323 1290 +00:20:57,809 ~-~-> 00:21:02,099 1291 +trade with charts. Okay. It's, it's like a misnomer to you, 1292 + 1293 +324 1294 +00:21:02,399 ~-~-> 00:21:05,429 1295 +I'm smart money because I'm using the four hour chart now 1296 + 1297 +325 1298 +00:21:05,789 ~-~-> 00:21:10,259 1299 +it's my way for me to communicate to you the order base that 1300 + 1301 +326 1302 +00:21:10,259 ~-~-> 00:21:13,589 1303 +will be around that particular price level and it's easily 1304 + 1305 +327 1306 +00:21:15,479 ~-~-> 00:21:18,869 1307 +seen and observed on a higher timeframe intraday chart like 1308 + 1309 +328 1310 +00:21:18,869 ~-~-> 00:21:24,659 1311 +a four hour. So don't think that there's any particular 1312 + 1313 +329 1314 +00:21:24,659 ~-~-> 00:21:28,649 1315 +magic that a down close candle supports price. It's that's 1316 + 1317 +330 1318 +00:21:28,649 ~-~-> 00:21:32,669 1319 +not it either order blocks are not it. It's just one small 1320 + 1321 +331 1322 +00:21:32,669 ~-~-> 00:21:36,569 1323 +component to a larger hole that you'll need to consume in my 1324 + 1325 +332 1326 +00:21:36,569 ~-~-> 00:21:40,469 1327 +content. But for intraday basis, I want you to focus on 00 1328 + 1329 +333 1330 +00:21:40,469 ~-~-> 00:21:45,179 1331 +levels, and 50 levels. Okay, and just for homework, go back 1332 + 1333 +334 1334 +00:21:45,179 ~-~-> 00:21:48,449 1335 +through your currency pair. It's real simple. I mean, this 1336 + 1337 +335 1338 +00:21:48,449 ~-~-> 00:21:50,819 1339 +is drag it to the left. And you'll see there's a lot of 1340 + 1341 +336 1342 +00:21:50,819 ~-~-> 00:21:55,049 1343 +instances where price creates opportunities at these levels. 1344 + 1345 +337 1346 +00:21:55,229 ~-~-> 00:21:58,889 1347 +Now, you might have to wait. That's beautiful because it's 1348 + 1349 +338 1350 +00:21:58,889 ~-~-> 00:22:04,349 1351 +going to teach you patience. If you have the 50 00 level and 1352 + 1353 +339 1354 +00:22:04,349 ~-~-> 00:22:06,449 1355 +you wait for opportunities to price trades to these 1356 + 1357 +340 1358 +00:22:06,479 ~-~-> 00:22:09,269 1359 +particular well here's why we're here. Now what I mean when 1360 + 1361 +341 1362 +00:22:09,269 ~-~-> 00:22:11,309 1363 +it gets to these levels I'm not saying it hits the level 1364 + 1365 +342 1366 +00:22:11,309 ~-~-> 00:22:14,309 1367 +exactly and bounces, it just means around that level and 1368 + 1369 +343 1370 +00:22:14,309 ~-~-> 00:22:17,909 1371 +I'll give you the perfect example here. Price runs here 1372 + 1373 +344 1374 +00:22:18,509 ~-~-> 00:22:20,759 1375 +creates a small little Let me see if it works too high 1376 + 1377 +345 1378 +00:22:20,759 ~-~-> 00:22:25,949 1379 +because I'm not sure if I can show it to you there. Okay, 1380 + 1381 +346 1382 +00:22:25,949 ~-~-> 00:22:32,189 1383 +lost it. There it is. Alright, so we have price creating a 1384 + 1385 +347 1386 +00:22:32,189 ~-~-> 00:22:36,239 1387 +high at 116 oh seven and the last high comes in at exactly 1388 + 1389 +348 1390 +00:22:36,239 ~-~-> 00:22:38,579 1391 +116 or seven. So it really didn't create one there. It would 1392 + 1393 +349 1394 +00:22:38,579 ~-~-> 00:22:42,599 1395 +have been better had it been broke the short term high. But 1396 + 1397 +350 1398 +00:22:43,289 ~-~-> 00:22:46,199 1399 +that is an awful trade entry. a retracement it would be a 1400 + 1401 +351 1402 +00:22:46,199 ~-~-> 00:22:50,249 1403 +79% tradesmen level thereby I only but you can see the 1404 + 1405 +352 1406 +00:22:50,369 ~-~-> 00:22:53,999 1407 +overall pattern. This is what you would expect to see around 1408 + 1409 +353 1410 +00:22:54,419 ~-~-> 00:22:59,219 1411 +the big figures your level or the 50 level. Okay and 1412 + 1413 +354 1414 +00:22:59,309 ~-~-> 00:23:02,729 1415 +eventually Time, you're going to graduate to adding the 80 1416 + 1417 +355 1418 +00:23:02,729 ~-~-> 00:23:05,249 1419 +level and the 20 level. And that's it, you need nothing 1420 + 1421 +356 1422 +00:23:05,249 ~-~-> 00:23:07,319 1423 +else, you don't need to worry about drawing support 1424 + 1425 +357 1426 +00:23:07,319 ~-~-> 00:23:09,989 1427 +resistance lines on your charts. You don't need to worry 1428 + 1429 +358 1430 +00:23:09,989 ~-~-> 00:23:15,569 1431 +about putting, you know, any kind of, well, whatever kind of 1432 + 1433 +359 1434 +00:23:15,569 ~-~-> 00:23:18,959 1435 +lipstick you usually put on your charts. The books taught me 1436 + 1437 +360 1438 +00:23:19,229 ~-~-> 00:23:21,989 1439 +use an old high, draw a line across it and prices either 1440 + 1441 +361 1442 +00:23:21,989 ~-~-> 00:23:24,749 1443 +gonna hit it and repel from resistance or break soon come 1444 + 1445 +362 1446 +00:23:24,749 ~-~-> 00:23:27,059 1447 +down find support. And I can tell you I've lost hundreds of 1448 + 1449 +363 1450 +00:23:27,059 ~-~-> 00:23:28,229 1451 +thousands of dollars don't add. 1452 + 1453 +364 1454 +00:23:29,580 ~-~-> 00:23:33,030 1455 +It doesn't it doesn't work, because it doesn't give you any 1456 + 1457 +365 1458 +00:23:33,030 ~-~-> 00:23:36,870 1459 +context about why that level should be traded on the basis 1460 + 1461 +366 1462 +00:23:36,900 ~-~-> 00:23:41,040 1463 +of order flow. Now not order flows in the form of market 1464 + 1465 +367 1466 +00:23:41,040 ~-~-> 00:23:43,980 1467 +profile footprint depth of market, I'm not talking about 1468 + 1469 +368 1470 +00:23:43,980 ~-~-> 00:23:48,030 1471 +that. That's entirely outside the scope of what I do. What I 1472 + 1473 +369 1474 +00:23:48,030 ~-~-> 00:23:52,230 1475 +internalize is why the market should have orders around 1476 + 1477 +370 1478 +00:23:52,230 ~-~-> 00:23:55,410 1479 +specific levels. So regardless of what style of trading 1480 + 1481 +371 1482 +00:23:55,410 ~-~-> 00:23:58,350 1483 +you're going to be, I'm teaching predominantly scalping now 1484 + 1485 +372 1486 +00:23:58,740 ~-~-> 00:24:01,530 1487 +because it gives you the ability To go in and do a lot of 1488 + 1489 +373 1490 +00:24:01,530 ~-~-> 00:24:04,800 1491 +research, a lot of examples, and the things that you learn 1492 + 1493 +374 1494 +00:24:04,800 ~-~-> 00:24:07,590 1495 +in price action on scouting will be beneficial for you. And 1496 + 1497 +375 1498 +00:24:07,590 ~-~-> 00:24:11,460 1499 +all of the types of trading you can do. So, in summary, 1500 + 1501 +376 1502 +00:24:12,060 ~-~-> 00:24:14,610 1503 +okay, and then we get to the nuts and bolts on closest 1504 + 1505 +377 1506 +00:24:14,610 ~-~-> 00:24:19,320 1507 +video, we have the 00 level, big figure, the 50 level and in 1508 + 1509 +378 1510 +00:24:19,320 ~-~-> 00:24:24,000 1511 +between that we have 50 and 00. What was the level I told 1512 + 1513 +379 1514 +00:24:24,000 ~-~-> 00:24:31,650 1515 +you to watch? The 20 level. Okay, so we want to have our 1516 + 1517 +380 1518 +00:24:31,650 ~-~-> 00:24:41,700 1519 +level at 1620 and the other one would be 16 ad. And that's 1520 + 1521 +381 1522 +00:24:41,700 ~-~-> 00:24:47,640 1523 +here. Okay. And the next will be 17 00. Okay. So that way, 1524 + 1525 +382 1526 +00:24:47,670 ~-~-> 00:24:49,680 1527 +guess what, we've already done all of our work for support 1528 + 1529 +383 1530 +00:24:49,680 ~-~-> 00:24:56,340 1531 +resistance. But it's that easy. Yes. It's not easy, because 1532 + 1533 +384 1534 +00:24:56,580 ~-~-> 00:25:00,360 1535 +my interpretation of price action is I know what Banks are 1536 + 1537 +385 1538 +00:25:00,360 ~-~-> 00:25:02,490 1539 +going to do I know what large institutions are going to do. 1540 + 1541 +386 1542 +00:25:02,910 ~-~-> 00:25:05,340 1543 +Because you can see it yourself going to charts and pull the 1544 + 1545 +387 1546 +00:25:05,340 ~-~-> 00:25:08,610 1547 +same levels up and go back over price action. You'll see it 1548 + 1549 +388 1550 +00:25:08,610 ~-~-> 00:25:13,500 1551 +there. Okay, I gave you an example of earlier, excuse me the 1552 + 1553 +389 1554 +00:25:14,940 ~-~-> 00:25:16,830 1555 +example earlier where it didn't really give me the apple 1556 + 1557 +390 1558 +00:25:16,830 ~-~-> 00:25:24,210 1559 +trade optimal trade entry. Let's do this. Alright, so if we 1560 + 1561 +391 1562 +00:25:24,210 ~-~-> 00:25:27,840 1563 +have that range here, and I know it doesn't qualify for the 1564 + 1565 +392 1566 +00:25:27,840 ~-~-> 00:25:31,050 1567 +setup, but I want you to see this is the reaction you get 1568 + 1569 +393 1570 +00:25:31,050 ~-~-> 00:25:34,230 1571 +off of it. But look how the lookout forms around the big 1572 + 1573 +394 1574 +00:25:34,230 ~-~-> 00:25:38,280 1575 +figure. And then later on this same price action here, I 1576 + 1577 +395 1578 +00:25:38,280 ~-~-> 00:25:40,650 1579 +told you about the optimal trade entry example here 1580 + 1581 +396 1582 +00:25:40,650 ~-~-> 00:25:44,820 1583 +yesterday, look where it occurs on the big figure 16. Now 1584 + 1585 +397 1586 +00:25:44,820 ~-~-> 00:25:48,270 1587 +that's not a coincidence. That's just the way it works. And 1588 + 1589 +398 1590 +00:25:48,270 ~-~-> 00:25:51,030 1591 +what about up here? 1592 + 1593 +399 1594 +00:25:56,880 ~-~-> 00:25:58,980 1595 +Isn't that an optimal trade entry? I gave you the daily high 1596 + 1597 +400 1598 +00:25:58,980 ~-~-> 00:26:05,910 1599 +yesterday. Look at the opportunity to tier highest body open 1600 + 1601 +401 1602 +00:26:05,910 ~-~-> 00:26:10,800 1603 +or close down to the lowest body open or close. Perfect 279. 1604 + 1605 +402 1606 +00:26:11,100 ~-~-> 00:26:14,130 1607 +Yes, I'm tracing level cells off. And then here's another 1608 + 1609 +403 1610 +00:26:14,130 ~-~-> 00:26:19,800 1611 +one smaller one sells off. There you go symmetrical price 1612 + 1613 +404 1614 +00:26:19,800 ~-~-> 00:26:23,790 1615 +swing. So I gave you real institutional support resistance. 1616 + 1617 +405 1618 +00:26:24,660 ~-~-> 00:26:27,540 1619 +I told you how to find the optimal trade entries on a scalp. 1620 + 1621 +406 1622 +00:26:29,100 ~-~-> 00:26:31,860 1623 +They set up easy. You're not scratching your head looking at 1624 + 1625 +407 1626 +00:26:31,860 ~-~-> 00:26:35,040 1627 +the chart saying, good grief. What support resistance do I 1628 + 1629 +408 1630 +00:26:35,040 ~-~-> 00:26:39,210 1631 +use? What supply and demand zone do I use? What you know? 1632 + 1633 +409 1634 +00:26:40,470 ~-~-> 00:26:44,580 1635 +I'm being facetious now, but I want you to know that the 1636 + 1637 +410 1638 +00:26:44,580 ~-~-> 00:26:48,780 1639 +folks that try to teach you these things, okay. In terms of 1640 + 1641 +411 1642 +00:26:48,780 ~-~-> 00:26:52,380 1643 +technical analysis, they have for the most part at zero 1644 + 1645 +412 1646 +00:26:52,380 ~-~-> 00:26:55,470 1647 +understanding of what goes on in institutional basis. Okay. 1648 + 1649 +413 1650 +00:26:56,190 ~-~-> 00:27:00,000 1651 +support resistance are based on orders. They're not based on 1652 + 1653 +414 1654 +00:27:00,000 ~-~-> 00:27:03,750 1655 +Anything other than that. So without having an understanding 1656 + 1657 +415 1658 +00:27:03,750 ~-~-> 00:27:06,330 1659 +of why price is going to move and gyrate around specific 1660 + 1661 +416 1662 +00:27:06,330 ~-~-> 00:27:09,210 1663 +levels, you're going to be losing money, you're going to 1664 + 1665 +417 1666 +00:27:09,210 ~-~-> 00:27:10,920 1667 +hemorrhage money, and then you're going to go into this 1668 + 1669 +418 1670 +00:27:10,920 ~-~-> 00:27:15,510 1671 +cycle where looking for things, and having no understanding 1672 + 1673 +419 1674 +00:27:15,510 ~-~-> 00:27:18,240 1675 +or definition of what it is you're looking for. It's gonna 1676 + 1677 +420 1678 +00:27:18,240 ~-~-> 00:27:22,500 1679 +frustrate you. And the human characteristic in us is going 1680 + 1681 +421 1682 +00:27:22,500 ~-~-> 00:27:25,590 1683 +to be, well, what I just did didn't work. So I need to do it 1684 + 1685 +422 1686 +00:27:25,590 ~-~-> 00:27:29,400 1687 +harder, immediately. Because I need to have the reaction I 1688 + 1689 +423 1690 +00:27:29,400 ~-~-> 00:27:33,150 1691 +want and then trading, that is the death sentence for you. 1692 + 1693 +424 1694 +00:27:34,080 ~-~-> 00:27:36,600 1695 +You need to stop and just be patient. What are you waiting 1696 + 1697 +425 1698 +00:27:36,600 ~-~-> 00:27:39,120 1699 +for? You're waiting for one of these levels to trade. And 1700 + 1701 +426 1702 +00:27:39,120 ~-~-> 00:27:41,640 1703 +this is when I say these are institutional price levels. 1704 + 1705 +427 1706 +00:27:42,000 ~-~-> 00:27:49,440 1707 +Okay. I get jeered and prodded by folks that unconvinced 1708 + 1709 +428 1710 +00:27:49,440 ~-~-> 00:27:52,710 1711 +that they use my stuff and don't want to admit to it, but 1712 + 1713 +429 1714 +00:27:52,710 ~-~-> 00:27:55,380 1715 +they hate the fact that I can draw up attention real quick, 1716 + 1717 +430 1718 +00:27:55,710 ~-~-> 00:27:59,130 1719 +and I can teach right away something that's applicable and 1720 + 1721 +431 1722 +00:27:59,130 ~-~-> 00:28:01,620 1723 +some of them either aspiring to start their own company or 1724 + 1725 +432 1726 +00:28:01,620 ~-~-> 00:28:04,170 1727 +start their own signal service or own business. And the best 1728 + 1729 +433 1730 +00:28:04,170 ~-~-> 00:28:08,070 1731 +way to do their business is to try to tear me down. Because 1732 + 1733 +434 1734 +00:28:08,070 ~-~-> 00:28:11,820 1735 +I was the guy on the internet for years doing for free. Now, 1736 + 1737 +435 1738 +00:28:11,820 ~-~-> 00:28:13,830 1739 +I still am doing this for free. You didn't pay anything to 1740 + 1741 +436 1742 +00:28:13,830 ~-~-> 00:28:16,410 1743 +learn this. But right now what I've already given you in the 1744 + 1745 +437 1746 +00:28:16,410 ~-~-> 00:28:21,750 1747 +YouTube videos I've already given you in my forum. I've 1748 + 1749 +438 1750 +00:28:21,750 ~-~-> 00:28:28,410 1751 +given you in old tutorials. And now with just this, you have 1752 + 1753 +439 1754 +00:28:28,410 ~-~-> 00:28:34,530 1755 +no reason to subscribe to any subscriber base programs, not 1756 + 1757 +440 1758 +00:28:34,530 ~-~-> 00:28:37,800 1759 +even to mine. Okay, now think about this. Think about what I 1760 + 1761 +441 1762 +00:28:37,800 ~-~-> 00:28:41,550 1763 +just did. Okay? If I'm in this to make money and panhandle 1764 + 1765 +442 1766 +00:28:41,550 ~-~-> 00:28:45,120 1767 +off anyone, why on Why the hell would I just give you 1768 + 1769 +443 1770 +00:28:45,180 ~-~-> 00:28:49,320 1771 +something that you would never ever ever need to pay me or 1772 + 1773 +444 1774 +00:28:49,320 ~-~-> 00:28:52,230 1775 +anyone else for again, what kind of business model is that? 1776 + 1777 +445 1778 +00:28:53,220 ~-~-> 00:28:55,650 1779 +It's the same business model I use when I first started. I 1780 + 1781 +446 1782 +00:28:55,650 ~-~-> 00:28:58,680 1783 +gave all this stuff out for free, because I'm already rich. 1784 + 1785 +447 1786 +00:28:58,830 ~-~-> 00:29:02,460 1787 +I don't need anybody's money. Okay, I enjoy doing this. But 1788 + 1789 +448 1790 +00:29:02,460 ~-~-> 00:29:05,250 1791 +there's certain things I'm not going to teach publicly. I'm 1792 + 1793 +449 1794 +00:29:05,250 ~-~-> 00:29:09,120 1795 +just not going to do it. Do you need anything beyond this? 1796 + 1797 +450 1798 +00:29:09,210 ~-~-> 00:29:13,680 1799 +No. Because what is it done? It tells you where the setups 1800 + 1801 +451 1802 +00:29:13,710 ~-~-> 00:29:17,790 1803 +occur. Wait a minute. It's just that easy. It's absolutely 1804 + 1805 +452 1806 +00:29:17,790 ~-~-> 00:29:20,460 1807 +just that easy. You have these levels on your chart and I 1808 + 1809 +453 1810 +00:29:20,460 ~-~-> 00:29:22,740 1811 +don't care about what pair it is you're trading. This works 1812 + 1813 +454 1814 +00:29:22,740 ~-~-> 00:29:25,680 1815 +on the British pound. It works on the Canadian dollar. It 1816 + 1817 +455 1818 +00:29:25,680 ~-~-> 00:29:29,490 1819 +works on Bitcoin, try it on that I don't trade it. Okay. But 1820 + 1821 +456 1822 +00:29:29,730 ~-~-> 00:29:33,090 1823 +for feedback, I know that my people trade Bitcoin, do it on 1824 + 1825 +457 1826 +00:29:33,090 ~-~-> 00:29:37,080 1827 +Bitcoin and just see if it doesn't work on Bitcoin. I'm 1828 + 1829 +458 1830 +00:29:37,080 ~-~-> 00:29:38,970 1831 +interested to know because I don't really track that asset 1832 + 1833 +459 1834 +00:29:38,970 ~-~-> 00:29:42,090 1835 +class. But everything out there, it works on commodities, it 1836 + 1837 +460 1838 +00:29:42,090 ~-~-> 00:29:47,760 1839 +works on the bond. It works on. Stocks, it works on 1840 + 1841 +461 1842 +00:29:47,820 ~-~-> 00:29:53,280 1843 +everything, because it's the same mo the people that run 1844 + 1845 +462 1846 +00:29:53,490 ~-~-> 00:29:58,680 1847 +these markets, they use the same business model. It's all 1848 + 1849 +463 1850 +00:29:58,680 ~-~-> 00:30:02,250 1851 +the same thing. Accumulation distribution and manipulation, 1852 + 1853 +464 1854 +00:30:02,370 ~-~-> 00:30:04,650 1855 +those three things, there's three components, you need to 1856 + 1857 +465 1858 +00:30:04,650 ~-~-> 00:30:07,740 1859 +know what it is that the cycle is in right now. And it 1860 + 1861 +466 1862 +00:30:07,740 ~-~-> 00:30:11,430 1863 +sounds complicated, sounds mysterious. And I made my 1864 + 1865 +467 1866 +00:30:11,550 ~-~-> 00:30:14,070 1867 +presentations like that to draw everyone's attention. 1868 + 1869 +468 1870 +00:30:15,509 ~-~-> 00:30:18,209 1871 +I'm trying not to do that now. And I'm going right to the 1872 + 1873 +469 1874 +00:30:18,209 ~-~-> 00:30:21,299 1875 +core of what it is that you should be focusing on because it 1876 + 1877 +470 1878 +00:30:21,299 ~-~-> 00:30:23,819 1879 +created a lot of work for me in terms of emails. I got 1880 + 1881 +471 1882 +00:30:23,819 ~-~-> 00:30:26,159 1883 +frustrated over the years and said, you know what he's just 1884 + 1885 +472 1886 +00:30:26,159 ~-~-> 00:30:29,399 1887 +saying repeating questions. If I ever do this again, and I 1888 + 1889 +473 1890 +00:30:30,029 ~-~-> 00:30:33,719 1891 +just recently started coming back and providing content. I 1892 + 1893 +474 1894 +00:30:33,719 ~-~-> 00:30:37,319 1895 +want it to be concise. I want it to be user friendly right 1896 + 1897 +475 1898 +00:30:37,319 ~-~-> 00:30:42,089 1899 +away, and it leaves very little in terms of guessing about 1900 + 1901 +476 1902 +00:30:42,089 ~-~-> 00:30:47,879 1903 +what else alluding to. So in summary, I want you to pick one 1904 + 1905 +477 1906 +00:30:47,879 ~-~-> 00:30:53,219 1907 +pair. I just used the euro dollar here today, okay. And if 1908 + 1909 +478 1910 +00:30:53,219 ~-~-> 00:30:57,689 1911 +we use one pair, we want to have our levels arrived at so 1912 + 1913 +479 1914 +00:30:57,689 ~-~-> 00:31:01,589 1915 +our support resistance levels are going to be what 00 level 1916 + 1917 +480 1918 +00:31:01,859 ~-~-> 00:31:07,079 1919 +two at level 220 level and the mid figure 50. Okay, they are 1920 + 1921 +481 1922 +00:31:07,079 ~-~-> 00:31:10,739 1923 +your support resistance levels. Do not concern yourself with 1924 + 1925 +482 1926 +00:31:10,739 ~-~-> 00:31:13,649 1927 +anything else for right now, I promise you, if you watch 1928 + 1929 +483 1930 +00:31:13,649 ~-~-> 00:31:17,369 1931 +over the course of a week, you'll see one good setup. And 1932 + 1933 +484 1934 +00:31:17,369 ~-~-> 00:31:20,309 1935 +that's all I want you focusing on right now, do not try to 1936 + 1937 +485 1938 +00:31:20,309 ~-~-> 00:31:23,549 1939 +do everyday trading. I've been doing this for a long, long 1940 + 1941 +486 1942 +00:31:23,549 ~-~-> 00:31:29,579 1943 +time. In March, I'll be 25 years doing it. So my ability to 1944 + 1945 +487 1946 +00:31:29,579 ~-~-> 00:31:33,599 1947 +do it is completely going to be well above what you're able 1948 + 1949 +488 1950 +00:31:33,599 ~-~-> 00:31:36,359 1951 +to do for starting. So don't compare that or contrast that 1952 + 1953 +489 1954 +00:31:36,359 ~-~-> 00:31:39,449 1955 +just because an instructor can do it. And he taught you or 1956 + 1957 +490 1958 +00:31:39,449 ~-~-> 00:31:41,699 1959 +she taught you doesn't mean that you're gonna be able to 1960 + 1961 +491 1962 +00:31:41,699 ~-~-> 00:31:43,949 1963 +walk out and do the same thing the first day or the first 1964 + 1965 +492 1966 +00:31:43,949 ~-~-> 00:31:47,069 1967 +year, it ain't gonna happen. So you have to grow into that. 1968 + 1969 +493 1970 +00:31:47,489 ~-~-> 00:31:50,549 1971 +So we have support resistance levels determined and also 1972 + 1973 +494 1974 +00:31:50,549 ~-~-> 00:31:53,879 1975 +gave you previous highs and previous lows. So there's your 1976 + 1977 +495 1978 +00:31:53,879 ~-~-> 00:31:58,589 1979 +targets, okay, so you know, a levels gonna set up around one 1980 + 1981 +496 1982 +00:31:58,589 ~-~-> 00:32:01,949 1983 +of these levels here. And what's the setup optimal trade 1984 + 1985 +497 1986 +00:32:01,949 ~-~-> 00:32:07,349 1987 +entry? You're waiting for a scenario where this retracement 1988 + 1989 +498 1990 +00:32:07,349 ~-~-> 00:32:11,369 1991 +idea occurs. Sometimes it will be right on the level and hit 1992 + 1993 +499 1994 +00:32:11,369 ~-~-> 00:32:14,369 1995 +it. Sometimes it won't. Sometimes it will go through it 1996 + 1997 +500 1998 +00:32:14,369 ~-~-> 00:32:17,249 1999 +again, you're generally looking for this pattern optimal 2000 + 2001 +501 2002 +00:32:17,249 ~-~-> 00:32:22,499 2003 +trade entry around 800 level a 50 level, a 20, or an 80. And 2004 + 2005 +502 2006 +00:32:22,499 ~-~-> 00:32:26,549 2007 +I promise you, I guaran damn tee you if you go through your 2008 + 2009 +503 2010 +00:32:26,549 ~-~-> 00:32:29,459 2011 +charts, you're gonna see a plethora of these examples. Now, 2012 + 2013 +504 2014 +00:32:29,459 ~-~-> 00:32:33,179 2015 +I don't want you again, trying to do this every single day, 2016 + 2017 +505 2018 +00:32:33,599 ~-~-> 00:32:36,329 2019 +because I've taught that you can double your money every 2020 + 2021 +506 2022 +00:32:36,329 ~-~-> 00:32:40,919 2023 +single year with just less than 25 pips 23 pips a week, a 2% 2024 + 2025 +507 2026 +00:32:40,919 ~-~-> 00:32:44,099 2027 +risk if you know what you're doing. It doubles your money 2028 + 2029 +508 2030 +00:32:44,129 ~-~-> 00:32:46,829 2031 +every single year, you start with $1,000 and 10 years, 2032 + 2033 +509 2034 +00:32:47,549 ~-~-> 00:32:50,729 2035 +that's a million dollars. Now it doesn't quote, equate to 2036 + 2037 +510 2038 +00:32:51,509 ~-~-> 00:32:55,379 2039 +taxation and such but it doesn't take very much to do very 2040 + 2041 +511 2042 +00:32:55,379 ~-~-> 00:32:58,229 2043 +well. And that's my point. Every one of you that are 2044 + 2045 +512 2046 +00:32:58,229 ~-~-> 00:33:00,509 2047 +starting right now. That's where you should be. Living. 2048 + 2049 +513 2050 +00:33:00,779 ~-~-> 00:33:02,699 2051 +That's your neighborhood right now you're not trying to get 2052 + 2053 +514 2054 +00:33:02,699 ~-~-> 00:33:06,059 2055 +to the Beverly Hills, okay, you got to start somewhere. I 2056 + 2057 +515 2058 +00:33:06,059 ~-~-> 00:33:09,839 2059 +started somewhere small. And believe me, it did not take 2060 + 2061 +516 2062 +00:33:09,839 ~-~-> 00:33:13,289 2063 +long to get very good at this and to be able to find setups 2064 + 2065 +517 2066 +00:33:13,289 ~-~-> 00:33:18,479 2067 +consistently, very, very consistently. So we have one pair, 2068 + 2069 +518 2070 +00:33:19,679 ~-~-> 00:33:22,529 2071 +we're gonna put our institutional levels here. That's our 2072 + 2073 +519 2074 +00:33:22,529 ~-~-> 00:33:25,019 2075 +our support resistance ideas, our patterns, optimal trade 2076 + 2077 +520 2078 +00:33:25,019 ~-~-> 00:33:29,819 2079 +entry. What's our daily bias already taught you that what's 2080 + 2081 +521 2082 +00:33:29,819 ~-~-> 00:33:32,309 2083 +going on on a daily chart? Did it create a swing high or 2084 + 2085 +522 2086 +00:33:32,309 ~-~-> 00:33:34,679 2087 +swing low, if it's a swing low, we're going to continue to 2088 + 2089 +523 2090 +00:33:34,679 ~-~-> 00:33:37,319 2091 +look for the previous day's high to be taken out. If it's a 2092 + 2093 +524 2094 +00:33:37,319 ~-~-> 00:33:40,349 2095 +swing high. We're looking for the previous day's low to be 2096 + 2097 +525 2098 +00:33:40,349 ~-~-> 00:33:43,259 2099 +taken out. There's our bias. And you're going to wait for 2100 + 2101 +526 2102 +00:33:43,259 ~-~-> 00:33:45,809 2103 +these setups to occur at these institutional price levels. 2104 + 2105 +527 2106 +00:33:46,049 ~-~-> 00:33:50,129 2107 +Now what I just gave you will never ever, ever, ever, ever 2108 + 2109 +528 2110 +00:33:50,159 ~-~-> 00:33:53,369 2111 +stop working. Because if I ever felt that you never would 2112 + 2113 +529 2114 +00:33:53,369 ~-~-> 00:33:57,119 2115 +have met me I never would have taught it to you. This is how 2116 + 2117 +530 2118 +00:33:57,119 ~-~-> 00:34:01,319 2119 +the casino runs. The casino is tomorrow. They're not going 2120 + 2121 +531 2122 +00:34:01,319 ~-~-> 00:34:03,809 2123 +to change how they're doing it because Michael Huddleston 2124 + 2125 +532 2126 +00:34:03,809 ~-~-> 00:34:07,169 2127 +from Baltimore, Maryland, made some videos on YouTube. And I 2128 + 2129 +533 2130 +00:34:07,169 ~-~-> 00:34:10,289 2131 +don't care how many people subscribe to it. It's never going 2132 + 2133 +534 2134 +00:34:10,289 ~-~-> 00:34:14,219 2135 +to start working because there's always new suckers. The 2136 + 2137 +535 2138 +00:34:14,219 ~-~-> 00:34:19,589 2139 +market will always draw in a new pound of flesh. And I don't 2140 + 2141 +536 2142 +00:34:19,589 ~-~-> 00:34:21,959 2143 +care about trying to be right every single trading day. 2144 + 2145 +537 2146 +00:34:22,349 ~-~-> 00:34:27,179 2147 +That's not my concern. Yesterday, I had fiber dialed in, and 2148 + 2149 +538 2150 +00:34:27,179 ~-~-> 00:34:32,129 2151 +I did not trade it. Do I regret it? No. Am I gonna not be 2152 + 2153 +539 2154 +00:34:32,129 ~-~-> 00:34:35,069 2155 +able to eat because of it? No. Am I gonna lose sleep over 2156 + 2157 +540 2158 +00:34:35,069 ~-~-> 00:34:35,549 2159 +it? No. 2160 + 2161 +541 2162 +00:34:36,990 ~-~-> 00:34:40,620 2163 +I am indifferent to whether I take a trade or not take a 2164 + 2165 +542 2166 +00:34:40,620 ~-~-> 00:34:44,400 2167 +trade because I don't care anymore. I'm satisfied that I 2168 + 2169 +543 2170 +00:34:44,400 ~-~-> 00:34:47,310 2171 +know if I sit down. I'll find a setup. That's what you need 2172 + 2173 +544 2174 +00:34:47,310 ~-~-> 00:34:50,880 2175 +to graduate into. But you will not get that. If you go and 2176 + 2177 +545 2178 +00:34:50,880 ~-~-> 00:34:54,090 2179 +seeking a setup every single trading day because you're 2180 + 2181 +546 2182 +00:34:54,090 ~-~-> 00:34:58,800 2183 +teaching yourself to get stimulated and rewarded. The 2184 + 2185 +547 2186 +00:34:58,800 ~-~-> 00:35:02,400 2187 +problem is that reward won't come in a positive return. The 2188 + 2189 +548 2190 +00:35:02,400 ~-~-> 00:35:05,370 2191 +reward sometimes is going to be experienced always. But that 2192 + 2193 +549 2194 +00:35:05,370 ~-~-> 00:35:08,730 2195 +experience may be against what you thought would be, you 2196 + 2197 +550 2198 +00:35:08,730 ~-~-> 00:35:11,850 2199 +know where it's a loss. And that's learning. That's where 2200 + 2201 +551 2202 +00:35:11,850 ~-~-> 00:35:14,520 2203 +you grow. You're going to try to avoid that. And I'm going 2204 + 2205 +552 2206 +00:35:14,520 ~-~-> 00:35:18,090 2207 +to tell I'm telling you invite that to occur. You want that 2208 + 2209 +553 2210 +00:35:18,090 ~-~-> 00:35:20,910 2211 +to happen. That's why you're in a demo, you want to learn 2212 + 2213 +554 2214 +00:35:21,000 ~-~-> 00:35:25,080 2215 +how to absorb that tendency to be wrong, and see how quickly 2216 + 2217 +555 2218 +00:35:25,080 ~-~-> 00:35:28,230 2219 +it is to recover, recuperate and come back from that loss. 2220 + 2221 +556 2222 +00:35:28,350 ~-~-> 00:35:31,740 2223 +Because the next series of setups that will come I'm not 2224 + 2225 +557 2226 +00:35:31,740 ~-~-> 00:35:33,960 2227 +afraid of my setups failing I'm not afraid of my setups 2228 + 2229 +558 2230 +00:35:33,960 ~-~-> 00:35:37,140 2231 +never coming again, or the frequency the die off, they're 2232 + 2233 +559 2234 +00:35:37,140 ~-~-> 00:35:39,900 2235 +always going to be these setups will always be there in the 2236 + 2237 +560 2238 +00:35:39,900 ~-~-> 00:35:43,110 2239 +summertime, they're always there. In the shittiest times of 2240 + 2241 +561 2242 +00:35:43,110 ~-~-> 00:35:46,260 2243 +the marketplace, these are always there. Because there's 2244 + 2245 +562 2246 +00:35:46,290 ~-~-> 00:35:50,970 2247 +orders always stacked around these levels, just above, at or 2248 + 2249 +563 2250 +00:35:50,970 ~-~-> 00:35:55,950 2251 +just below in these big levels of 5020 and large double zero 2252 + 2253 +564 2254 +00:35:55,950 ~-~-> 00:35:59,610 2255 +levels, orders or movement, push price around orders by 2256 + 2257 +565 2258 +00:35:59,610 ~-~-> 00:36:03,330 2259 +largest institutions, insurance companies, larger banks, 2260 + 2261 +566 2262 +00:36:03,480 ~-~-> 00:36:05,760 2263 +okay, large corporations, like for instance, say, you know, 2264 + 2265 +567 2266 +00:36:05,760 ~-~-> 00:36:10,140 2267 +apple, they want to do business in China, they got it, they 2268 + 2269 +568 2270 +00:36:10,140 ~-~-> 00:36:13,200 2271 +got to make a transition from the dollar to the Chinese 2272 + 2273 +569 2274 +00:36:13,200 ~-~-> 00:36:16,860 2275 +currency. Well, that's forex. And that's what goes on that 2276 + 2277 +570 2278 +00:36:16,920 ~-~-> 00:36:22,440 2279 +there has to be an exchange that creates gyrations around 2280 + 2281 +571 2282 +00:36:22,440 ~-~-> 00:36:26,310 2283 +specific price levels. So if Apple puts in a request to 2284 + 2285 +572 2286 +00:36:27,270 ~-~-> 00:36:30,930 2287 +convert $2 billion worth of dollars into Chinese currency, 2288 + 2289 +573 2290 +00:36:30,930 ~-~-> 00:36:33,990 2291 +or you could be the British pound, they want to do business 2292 + 2293 +574 2294 +00:36:33,990 ~-~-> 00:36:39,810 2295 +in the UK even do something that is going to be a large 2296 + 2297 +575 2298 +00:36:40,170 ~-~-> 00:36:45,030 2299 +inflow of orders that a bank can use, and they'll take that 2300 + 2301 +576 2302 +00:36:45,150 ~-~-> 00:36:48,870 2303 +request that convert dollars into British pound or Chinese 2304 + 2305 +577 2306 +00:36:48,870 ~-~-> 00:36:50,700 2307 +currency or whatever it is that they're trying to do. I'm 2308 + 2309 +578 2310 +00:36:50,700 ~-~-> 00:36:54,060 2311 +just giving an example on a global commerce basis. They'll 2312 + 2313 +579 2314 +00:36:54,060 ~-~-> 00:36:56,970 2315 +use that and I'll frame it around one of these levels unless 2316 + 2317 +580 2318 +00:36:56,970 ~-~-> 00:37:00,810 2319 +the customer demands a specific range of what they're 2320 + 2321 +581 2322 +00:37:00,810 ~-~-> 00:37:04,320 2323 +willing to convert. And sometimes that curves and sometimes 2324 + 2325 +582 2326 +00:37:04,320 ~-~-> 00:37:07,530 2327 +it's not they want it done expediently, well, then it goes 2328 + 2329 +583 2330 +00:37:07,710 ~-~-> 00:37:11,640 2331 +in the favor of the bank that does the conversion. But I'm 2332 + 2333 +584 2334 +00:37:11,640 ~-~-> 00:37:13,950 2335 +not here to teach you all that stuff. It's not necessary. 2336 + 2337 +585 2338 +00:37:13,950 ~-~-> 00:37:16,440 2339 +But I'm just telling you, there's a Reimann reason why this 2340 + 2341 +586 2342 +00:37:16,440 ~-~-> 00:37:19,440 2343 +stuff works. It's not simply because it worked perfectly in 2344 + 2345 +587 2346 +00:37:19,440 ~-~-> 00:37:22,140 2347 +hindsight, and I showed you examples of it. I want you to 2348 + 2349 +588 2350 +00:37:22,140 ~-~-> 00:37:25,560 2351 +take this vignette today and prove to yourself, I'm already 2352 + 2353 +589 2354 +00:37:25,560 ~-~-> 00:37:28,110 2355 +convinced of it. Okay, you're not going to convince me of it 2356 + 2357 +590 2358 +00:37:28,350 ~-~-> 00:37:32,340 2359 +already know. But you as the student, you need to know that 2360 + 2361 +591 2362 +00:37:32,340 ~-~-> 00:37:35,250 2363 +there's no reason for you to rush, having these levels on 2364 + 2365 +592 2366 +00:37:35,250 ~-~-> 00:37:38,430 2367 +your chart, using the daily bias concept I've already taught 2368 + 2369 +593 2370 +00:37:38,430 ~-~-> 00:37:42,150 2371 +you. And also what the optimal trade entry pattern is the 2372 + 2373 +594 2374 +00:37:42,150 ~-~-> 00:37:44,340 2375 +Fibonacci I keep getting asked that question. What's these 2376 + 2377 +595 2378 +00:37:44,340 ~-~-> 00:37:47,310 2379 +levels? How do I get that on my fed, go into the optimal 2380 + 2381 +596 2382 +00:37:47,310 ~-~-> 00:37:49,680 2383 +trade entry primer video, it's on the YouTube channel, and 2384 + 2385 +597 2386 +00:37:49,680 ~-~-> 00:37:52,680 2387 +it'll teach you that whole business has set it off about 2388 + 2389 +598 2390 +00:37:52,710 ~-~-> 00:37:59,010 2391 +exactly how I have it here. Now. In future teachings, I'm 2392 + 2393 +599 2394 +00:37:59,010 ~-~-> 00:38:02,850 2395 +going to help you get To the point of knowing where your 2396 + 2397 +600 2398 +00:38:02,850 ~-~-> 00:38:06,600 2399 +target is, where your entry is, and how to use that in terms 2400 + 2401 +601 2402 +00:38:06,600 ~-~-> 00:38:09,240 2403 +of your money management. And I think that will really 2404 + 2405 +602 2406 +00:38:09,240 ~-~-> 00:38:12,480 2407 +summarize the whole thing in terms of the complete trading 2408 + 2409 +603 2410 +00:38:12,480 ~-~-> 00:38:16,230 2411 +patterns system and you won't need anything else. Now, I'm 2412 + 2413 +604 2414 +00:38:16,230 ~-~-> 00:38:19,080 2415 +encouraging you to study the tutorials that I've made over 2416 + 2417 +605 2418 +00:38:19,080 ~-~-> 00:38:22,950 2419 +the years. But you don't need to be at a feverish pace going 2420 + 2421 +606 2422 +00:38:22,950 ~-~-> 00:38:25,050 2423 +through them. I know you're all thinking that they're all 2424 + 2425 +607 2426 +00:38:25,050 ~-~-> 00:38:27,660 2427 +going to disappear again. But what I'm doing is I'm actually 2428 + 2429 +608 2430 +00:38:27,690 ~-~-> 00:38:31,830 2431 +going into them and removing certain songs. I'm removing 2432 + 2433 +609 2434 +00:38:31,830 ~-~-> 00:38:37,020 2435 +certain comments I made about a particular form that I 2436 + 2437 +610 2438 +00:38:37,020 ~-~-> 00:38:38,910 2439 +believe is toxic and it's not baby pips. 2440 + 2441 +611 2442 +00:38:40,530 ~-~-> 00:38:44,430 2443 +And I just want to keep the presentation as clean as I 2444 + 2445 +612 2446 +00:38:44,430 ~-~-> 00:38:47,580 2447 +possibly can. And I am monetizing them. I'm putting them on 2448 + 2449 +613 2450 +00:38:47,580 ~-~-> 00:38:51,090 2451 +my YouTube channel. So I'm also including certain things and 2452 + 2453 +614 2454 +00:38:51,090 ~-~-> 00:38:54,480 2455 +encouraging folks that if they see my videos being uploaded 2456 + 2457 +615 2458 +00:38:54,480 ~-~-> 00:38:57,780 2459 +by anyone else, I usually get flagged, and then someone else 2460 + 2461 +616 2462 +00:38:58,530 ~-~-> 00:39:03,240 2463 +will tell me or that I add in my videos, I pay for a service 2464 + 2465 +617 2466 +00:39:03,420 ~-~-> 00:39:06,090 2467 +that show me where my videos are being posted or re 2468 + 2469 +618 2470 +00:39:06,090 ~-~-> 00:39:10,170 2471 +uploaded, I get a lot of flags about Google drives, I get 2472 + 2473 +619 2474 +00:39:10,170 ~-~-> 00:39:12,180 2475 +that like, on a weekly basis, a lot of people have it in 2476 + 2477 +620 2478 +00:39:12,180 ~-~-> 00:39:16,410 2479 +their Google Drive. Sometimes, you know, I'll reach out and 2480 + 2481 +621 2482 +00:39:16,410 ~-~-> 00:39:18,810 2483 +try to touch them and say, looking at Can you not do that. 2484 + 2485 +622 2486 +00:39:18,840 ~-~-> 00:39:21,240 2487 +And some, most of them are all set to like private, where 2488 + 2489 +623 2490 +00:39:21,240 ~-~-> 00:39:24,480 2491 +people aren't publicly sharing it. But I, if I've created 2492 + 2493 +624 2494 +00:39:24,480 ~-~-> 00:39:28,140 2495 +the video, and I did all the work, okay, I should get the 2496 + 2497 +625 2498 +00:39:28,260 ~-~-> 00:39:31,020 2499 +perks of it. And the folks that tried to put my videos up in 2500 + 2501 +626 2502 +00:39:31,020 ~-~-> 00:39:34,020 2503 +the past, when YouTube they're trying to monetize it. And 2504 + 2505 +627 2506 +00:39:34,020 ~-~-> 00:39:36,210 2507 +they learned it by having songs in it wasn't able to 2508 + 2509 +628 2510 +00:39:36,210 ~-~-> 00:39:39,720 2511 +monetize it. So now I'm removing songs that allows me to 2512 + 2513 +629 2514 +00:39:39,720 ~-~-> 00:39:43,200 2515 +monetize my own work. But I don't want other people doing 2516 + 2517 +630 2518 +00:39:43,200 ~-~-> 00:39:45,510 2519 +that. And I'll come after those individuals and have them 2520 + 2521 +631 2522 +00:39:45,510 ~-~-> 00:39:48,390 2523 +take it down off of YouTube. So and plus it, like I said, I 2524 + 2525 +632 2526 +00:39:48,390 ~-~-> 00:39:52,140 2527 +pay for a service to do that. And for me to cover the cost 2528 + 2529 +633 2530 +00:39:52,140 ~-~-> 00:39:54,390 2531 +on that. The monetization, I could tell you right now, I'm 2532 + 2533 +634 2534 +00:39:54,390 ~-~-> 00:39:56,370 2535 +not making a lot of money on youtube off of these videos, 2536 + 2537 +635 2538 +00:39:56,370 ~-~-> 00:40:00,000 2539 +but it does help pay for costs of doing things like this. 2540 + 2541 +636 2542 +00:40:00,810 ~-~-> 00:40:04,590 2543 +doing live sessions and the resources that I'm going to make 2544 + 2545 +637 2546 +00:40:04,590 ~-~-> 00:40:07,890 2547 +available to you, all that stuff cost me money, I put about 2548 + 2549 +638 2550 +00:40:07,890 ~-~-> 00:40:12,210 2551 +$15,000 into all those previous teachings that you guys just 2552 + 2553 +639 2554 +00:40:12,210 ~-~-> 00:40:15,960 2555 +watch for free. And you don't really consider that when 2556 + 2557 +640 2558 +00:40:15,960 ~-~-> 00:40:18,690 2559 +you're looking at it. But for years, I paid a lot of money. 2560 + 2561 +641 2562 +00:40:19,290 ~-~-> 00:40:23,280 2563 +And I like teaching. But at some point, if I'm gonna 2564 + 2565 +642 2566 +00:40:23,280 ~-~-> 00:40:26,250 2567 +continue until I don't want to do this anymore, it's got to 2568 + 2569 +643 2570 +00:40:26,250 ~-~-> 00:40:32,550 2571 +be some kind of cost deferment on the basis that if you're 2572 + 2573 +644 2574 +00:40:32,550 ~-~-> 00:40:35,460 2575 +consuming it, and you find value in it, great, you know, 2576 + 2577 +645 2578 +00:40:35,460 ~-~-> 00:40:38,460 2579 +support the videos by watching YouTube. And you know, if you 2580 + 2581 +646 2582 +00:40:38,460 ~-~-> 00:40:40,410 2583 +have ad blocker on it, I'm not going to get any revenue off 2584 + 2585 +647 2586 +00:40:40,410 ~-~-> 00:40:44,730 2587 +of that. But if you if you have an ad blocker, I'm not going 2588 + 2589 +648 2590 +00:40:44,730 ~-~-> 00:40:46,770 2591 +to get that. But in my forum, I'm just letting you know, 2592 + 2593 +649 2594 +00:40:46,800 ~-~-> 00:40:49,770 2595 +it's a free forum. But there will be ads in that it's going 2596 + 2597 +650 2598 +00:40:49,770 ~-~-> 00:40:53,610 2599 +to be Google AdSense. So I'm not going to add subscriber 2600 + 2601 +651 2602 +00:40:53,610 ~-~-> 00:40:56,970 2603 +base membership to it. It'll all be ad supported. And my 2604 + 2605 +652 2606 +00:40:58,110 ~-~-> 00:41:03,120 2607 +assumptions are with about five hundred thousand views in my 2608 + 2609 +653 2610 +00:41:03,150 ~-~-> 00:41:09,060 2611 +regular mentorship group per month and only got 664 members 2612 + 2613 +654 2614 +00:41:09,060 ~-~-> 00:41:11,580 2615 +that have made all the way through, I get about half a 2616 + 2617 +655 2618 +00:41:11,580 ~-~-> 00:41:16,170 2619 +million views of traffic in my mentorship forum. So I know I 2620 + 2621 +656 2622 +00:41:16,170 ~-~-> 00:41:19,620 2623 +could probably get about two, two and a half million views. 2624 + 2625 +657 2626 +00:41:19,620 ~-~-> 00:41:22,740 2627 +That's my projection on my free membership forum. And 2628 + 2629 +658 2630 +00:41:22,740 ~-~-> 00:41:25,110 2631 +that'll support a lot of things. I don't have to charge you 2632 + 2633 +659 2634 +00:41:25,110 ~-~-> 00:41:28,410 2635 +anything. They'll support also the cost of me running my 2636 + 2637 +660 2638 +00:41:28,410 ~-~-> 00:41:30,720 2639 +mentorship forum as well because that costs money as well. 2640 + 2641 +661 2642 +00:41:31,080 ~-~-> 00:41:36,240 2643 +So I'm being completely transparent as best I can. That way 2644 + 2645 +662 2646 +00:41:36,240 ~-~-> 00:41:39,540 2647 +I hopefully can avoid a lot of the stupid stuff that comes 2648 + 2649 +663 2650 +00:41:39,540 ~-~-> 00:41:43,260 2651 +by way of Twitter and email. But you've been given a really 2652 + 2653 +664 2654 +00:41:43,260 ~-~-> 00:41:46,380 2655 +good foundation today in terms of what levels you're looking 2656 + 2657 +665 2658 +00:41:46,380 ~-~-> 00:41:50,190 2659 +for, why you're looking for them, where the setups, how the 2660 + 2661 +666 2662 +00:41:50,190 ~-~-> 00:41:52,590 2663 +setup looks sometimes around that level, and I given you 2664 + 2665 +667 2666 +00:41:52,590 ~-~-> 00:41:55,530 2667 +just a small sampling here, your homework has to go through 2668 + 2669 +668 2670 +00:41:55,560 ~-~-> 00:42:00,000 2671 +your particular pair and I encourage you to not use your 2672 + 2673 +669 2674 +00:42:00,000 ~-~-> 00:42:03,330 2675 +Dollar, because I did it and I don't want you mimicking me 2676 + 2677 +670 2678 +00:42:03,870 ~-~-> 00:42:06,420 2679 +think independently, you might want to do something else 2680 + 2681 +671 2682 +00:42:06,420 ~-~-> 00:42:10,170 2683 +like the Aussie dollar or Kiwi dollar. Pick one, it could be 2684 + 2685 +672 2686 +00:42:10,170 ~-~-> 00:42:13,920 2687 +the the beast. Okay, pound yen, it still works there too. 2688 + 2689 +673 2690 +00:42:15,210 ~-~-> 00:42:18,120 2691 +But wait for one of these levels to be traded to, and then 2692 + 2693 +674 2694 +00:42:18,120 ~-~-> 00:42:19,770 2695 +wait for that daily bias 2696 + 2697 +675 2698 +00:42:20,700 ~-~-> 00:42:24,660 2699 +to come in and then target daily highs and daily lows for 2700 + 2701 +676 2702 +00:42:24,690 ~-~-> 00:42:27,570 2703 +runs on liquidity. And you have a complete system. The only 2704 + 2705 +677 2706 +00:42:27,570 ~-~-> 00:42:30,120 2707 +thing you're missing right now and lacking is what you do 2708 + 2709 +678 2710 +00:42:30,120 ~-~-> 00:42:32,280 2711 +with your account. How much of your risk, where's your stop 2712 + 2713 +679 2714 +00:42:32,280 ~-~-> 00:42:35,430 2715 +loss? And the question I'm getting now is how much do I take 2716 + 2717 +680 2718 +00:42:35,430 ~-~-> 00:42:38,250 2719 +off at these targets? And that's going to be completely up 2720 + 2721 +681 2722 +00:42:38,250 ~-~-> 00:42:41,610 2723 +to you. I don't ever give that in my mentorship and believe 2724 + 2725 +682 2726 +00:42:41,610 ~-~-> 00:42:45,450 2727 +me if they were all invited to answer this on Twitter, they 2728 + 2729 +683 2730 +00:42:45,450 ~-~-> 00:42:48,450 2731 +would all tell you, I tell them the same thing and they paid 2732 + 2733 +684 2734 +00:42:48,450 ~-~-> 00:42:52,230 2735 +for this insight at these levels in here. It's completely up 2736 + 2737 +685 2738 +00:42:52,230 ~-~-> 00:42:56,220 2739 +to you because it's your trade. A mine is never the same way 2740 + 2741 +686 2742 +00:42:56,220 ~-~-> 00:42:59,310 2743 +always. I don't always say I'm gonna take 30% off here and 2744 + 2745 +687 2746 +00:42:59,310 ~-~-> 00:43:03,780 2747 +50% here. I just go by what I see in the chart. And if I 2748 + 2749 +688 2750 +00:43:03,780 ~-~-> 00:43:06,720 2751 +feel that the continuation is most likely going to occur, 2752 + 2753 +689 2754 +00:43:07,230 ~-~-> 00:43:10,830 2755 +then I will leave a larger portion on. If I am in doubt 2756 + 2757 +690 2758 +00:43:10,830 ~-~-> 00:43:14,010 2759 +about the continuation to the next target to or symmetrical 2760 + 2761 +691 2762 +00:43:14,010 ~-~-> 00:43:17,880 2763 +price swing, then I'll take a larger degree at first profit, 2764 + 2765 +692 2766 +00:43:18,090 ~-~-> 00:43:20,640 2767 +and then leave a smaller portion and then I'll split that in 2768 + 2769 +693 2770 +00:43:20,640 ~-~-> 00:43:25,560 2771 +half at the next logical level. As you see in my examples, I 2772 + 2773 +694 2774 +00:43:25,560 ~-~-> 00:43:28,950 2775 +very rarely have a large position on at the end of the 2776 + 2777 +695 2778 +00:43:28,950 ~-~-> 00:43:31,710 2779 +trade. And I'm never really holding to the last point and 2780 + 2781 +696 2782 +00:43:31,710 ~-~-> 00:43:35,190 2783 +that's my final point in this if you know that this is 2784 + 2785 +697 2786 +00:43:35,190 ~-~-> 00:43:39,300 2787 +likely the high. Okay, and I'll give you tools that will 2788 + 2789 +698 2790 +00:43:39,300 ~-~-> 00:43:42,990 2791 +help you do that in the tutorials. If this is your objective 2792 + 2793 +699 2794 +00:43:42,990 ~-~-> 00:43:47,550 2795 +on a daily Hi, my personal conviction over the last two 2796 + 2797 +700 2798 +00:43:47,550 ~-~-> 00:43:51,960 2799 +decades and trading is what I gleaned from my mentor Larry 2800 + 2801 +701 2802 +00:43:51,960 ~-~-> 00:43:54,000 2803 +Williams. Now he didn't sit down with me on a day by day 2804 + 2805 +702 2806 +00:43:54,000 ~-~-> 00:43:57,210 2807 +basis. I'd never met him. I never shook his hand. But I 2808 + 2809 +703 2810 +00:43:57,210 ~-~-> 00:43:59,490 2811 +researched everything about everything the man ever did. 2812 + 2813 +704 2814 +00:43:59,640 ~-~-> 00:44:02,760 2815 +Okay. Just like my students say they hear my voice in their 2816 + 2817 +705 2818 +00:44:02,760 ~-~-> 00:44:05,370 2819 +head, I still hear Larry's voice in mind. And sometimes I'm 2820 + 2821 +706 2822 +00:44:05,370 ~-~-> 00:44:07,410 2823 +telling him to shut up because some of the things he taught, 2824 + 2825 +707 2826 +00:44:08,130 ~-~-> 00:44:11,430 2827 +I don't subscribe to. I evolved beyond and I want you to 2828 + 2829 +708 2830 +00:44:11,430 ~-~-> 00:44:14,730 2831 +have that same benefit. Don't take everything I say as 2832 + 2833 +709 2834 +00:44:14,730 ~-~-> 00:44:18,900 2835 +gospel, let it be a challenge to you and dig deeper. But if 2836 + 2837 +710 2838 +00:44:18,900 ~-~-> 00:44:21,240 2839 +I do say stay away from indicators, trust when I tell you, 2840 + 2841 +711 2842 +00:44:21,270 ~-~-> 00:44:22,350 2843 +that's the best thing you can do. 2844 + 2845 +712 2846 +00:44:24,060 ~-~-> 00:44:26,400 2847 +I learned from Larry Williams if he knows he has a target 2848 + 2849 +713 2850 +00:44:26,550 ~-~-> 00:44:30,000 2851 +he's looking for. Okay. His is basically a profitable 2852 + 2853 +714 2854 +00:44:30,030 ~-~-> 00:44:33,690 2855 +clothes. In other words, if he's in long, the daily clothes, 2856 + 2857 +715 2858 +00:44:33,690 ~-~-> 00:44:37,530 2859 +he's trying to hold on for that. If he gets out before that, 2860 + 2861 +716 2862 +00:44:38,100 ~-~-> 00:44:43,440 2863 +but not at the close. He's doing you know, the best service 2864 + 2865 +717 2866 +00:44:43,440 ~-~-> 00:44:46,260 2867 +he can provide for himself. Because it may not get to that 2868 + 2869 +718 2870 +00:44:46,260 ~-~-> 00:44:50,910 2871 +level. I may not see 116 55 they might go to 116 54 and my 2872 + 2873 +719 2874 +00:44:50,910 ~-~-> 00:44:56,160 2875 +limit was at 60 1655 I've had to happen to me. So what I do 2876 + 2877 +720 2878 +00:44:56,160 ~-~-> 00:45:01,470 2879 +is I go 1015 sometimes 20 pips early And I get out there. 2880 + 2881 +721 2882 +00:45:01,770 ~-~-> 00:45:04,050 2883 +Why? Because I want to make sure I'm getting out at a 2884 + 2885 +722 2886 +00:45:04,050 ~-~-> 00:45:06,840 2887 +logical level, price is moving in my favor. And I don't care 2888 + 2889 +723 2890 +00:45:06,840 ~-~-> 00:45:10,800 2891 +about looking smart. I want to make sure that my homes are 2892 + 2893 +724 2894 +00:45:10,800 ~-~-> 00:45:14,370 2895 +paid for my insurance on my vehicles, all the things that I 2896 + 2897 +725 2898 +00:45:14,370 ~-~-> 00:45:18,210 2899 +do on a day by day basis, it's going to be supported. And 2900 + 2901 +726 2902 +00:45:18,210 ~-~-> 00:45:21,750 2903 +I'm never going to have to go down in my network, it's 2904 + 2905 +727 2906 +00:45:21,750 ~-~-> 00:45:23,910 2907 +always going to be increasing, doesn't mean I'm not taking 2908 + 2909 +728 2910 +00:45:23,910 ~-~-> 00:45:27,810 2911 +losses. It just means that in my business model, I want me 2912 + 2913 +729 2914 +00:45:28,230 ~-~-> 00:45:33,690 2915 +focusing on profitability, not perfect, not precision entry 2916 + 2917 +730 2918 +00:45:33,690 ~-~-> 00:45:36,810 2919 +exits always. The point is if you know this is the entry 2920 + 2921 +731 2922 +00:45:36,810 ~-~-> 00:45:40,650 2923 +down here, or this is down here, I'm sorry, here. And this 2924 + 2925 +732 2926 +00:45:40,650 ~-~-> 00:45:43,980 2927 +is where the logical target is getting out before that 2928 + 2929 +733 2930 +00:45:44,010 ~-~-> 00:45:47,190 2931 +there's nothing wrong with that. The folks that will say 2932 + 2933 +734 2934 +00:45:47,280 ~-~-> 00:45:49,200 2935 +that stupid, that's your target should hold on to it. 2936 + 2937 +735 2938 +00:45:49,800 ~-~-> 00:45:55,440 2939 +They're not profitable. They're holding on to absolutes and 2940 + 2941 +736 2942 +00:45:55,440 ~-~-> 00:46:00,990 2943 +absolutes don't pay. Now, analysis and exit are two 2944 + 2945 +737 2946 +00:46:00,990 ~-~-> 00:46:04,650 2947 +different entirely thing two different things. I use my 2948 + 2949 +738 2950 +00:46:04,650 ~-~-> 00:46:07,020 2951 +analysis to give me the rough idea of where I should be 2952 + 2953 +739 2954 +00:46:07,020 ~-~-> 00:46:10,110 2955 +getting out at the best case scenario. And what I make is an 2956 + 2957 +740 2958 +00:46:10,140 ~-~-> 00:46:13,350 2959 +exit is earlier than that. And I'll let the guys that want 2960 + 2961 +741 2962 +00:46:13,350 ~-~-> 00:46:16,470 2963 +to be hot shots, try to hold on for those last bits, I get 2964 + 2965 +742 2966 +00:46:16,470 ~-~-> 00:46:20,160 2967 +the accolades in high fives by knowing in advance and 2968 + 2969 +743 2970 +00:46:20,160 ~-~-> 00:46:22,830 2971 +showing you the levels beforehand. And the traders that are 2972 + 2973 +744 2974 +00:46:22,830 ~-~-> 00:46:26,130 2975 +new, they see this and they go crazy. Oh, he's getting out 2976 + 2977 +745 2978 +00:46:26,130 ~-~-> 00:46:29,670 2979 +too high. No, I'm not. I'm absolutely not doing that. And I 2980 + 2981 +746 2982 +00:46:29,670 ~-~-> 00:46:32,490 2983 +don't have my full position on there either. I have paid 2984 + 2985 +747 2986 +00:46:32,490 ~-~-> 00:46:34,350 2987 +myself throughout the way and I didn't take this trail and 2988 + 2989 +748 2990 +00:46:34,350 ~-~-> 00:46:39,000 2991 +saying, from a conceptual standpoint, I pay myself for the 2992 + 2993 +749 2994 +00:46:39,000 ~-~-> 00:46:42,090 2995 +time I've invested in the risk. Now there's going to be 2996 + 2997 +750 2998 +00:46:42,090 ~-~-> 00:46:45,300 2999 +people that say, well see that's stupid, because risk reward 3000 + 3001 +751 3002 +00:46:45,300 ~-~-> 00:46:47,790 3003 +says that you had the most maximum risk on at the beginning 3004 + 3005 +752 3006 +00:46:47,790 ~-~-> 00:46:50,850 3007 +of the trade and you're taking off. I'm yeah, I'm taking 3008 + 3009 +753 3010 +00:46:50,850 ~-~-> 00:46:52,740 3011 +money out of the marketplace. Hello. That's what you're 3012 + 3013 +754 3014 +00:46:52,740 ~-~-> 00:46:55,710 3015 +doing this for. I'm managing risk because I'm reducing the 3016 + 3017 +755 3018 +00:46:55,710 ~-~-> 00:47:00,000 3019 +risk as I stay longer in the trade. Okay, and I'm satisfying 3020 + 3021 +756 3022 +00:47:00,000 ~-~-> 00:47:04,410 3023 +that urge to be a male conqueror, the caveman mentality 3024 + 3025 +757 3026 +00:47:04,410 ~-~-> 00:47:07,890 3027 +that's in men that we're hardwired to feel that I still am 3028 + 3029 +758 3030 +00:47:07,890 ~-~-> 00:47:11,730 3031 +satisfied with that because I have something small one, or 3032 + 3033 +759 3034 +00:47:12,060 ~-~-> 00:47:15,750 3035 +I've already noted that hi in advance, so that satisfies me 3036 + 3037 +760 3038 +00:47:15,750 ~-~-> 00:47:18,270 3039 +and ego. And you're always going to as a male, you're going 3040 + 3041 +761 3042 +00:47:18,270 ~-~-> 00:47:20,340 3043 +to have you don't care who you are, you're going to expect 3044 + 3045 +762 3046 +00:47:20,340 ~-~-> 00:47:23,430 3047 +if you get good at this, it just happens. I was not an 3048 + 3049 +763 3050 +00:47:23,430 ~-~-> 00:47:25,740 3051 +egotistical maniac. When I first started this, I was very, 3052 + 3053 +764 3054 +00:47:25,740 ~-~-> 00:47:30,360 3055 +very quiet, docile, very rarely said anything blue collar. 3056 + 3057 +765 3058 +00:47:30,540 ~-~-> 00:47:34,530 3059 +And I was Mr. Nice Guy. And when you start making $17,000 a 3060 + 3061 +766 3062 +00:47:34,530 ~-~-> 00:47:37,380 3063 +week, that stuff changes real quick, and you think your shit 3064 + 3065 +767 3066 +00:47:37,380 ~-~-> 00:47:39,480 3067 +doesn't stink, and you're better than everybody else. And 3068 + 3069 +768 3070 +00:47:39,480 ~-~-> 00:47:42,570 3071 +it's an ugly trait, but it's something that people go 3072 + 3073 +769 3074 +00:47:42,570 ~-~-> 00:47:45,060 3075 +through. And unless somebody smacked you down, and for me, 3076 + 3077 +770 3078 +00:47:45,120 ~-~-> 00:47:48,960 3079 +it was God. He put the Godsmack on me and humbled me and it 3080 + 3081 +771 3082 +00:47:48,960 ~-~-> 00:47:50,790 3083 +doesn't probably sound like I'm been humbled, but believe 3084 + 3085 +772 3086 +00:47:50,790 ~-~-> 00:47:55,620 3087 +me, I do a lot of character ization and just, I try to be 3088 + 3089 +773 3090 +00:47:55,620 ~-~-> 00:47:58,350 3091 +entertaining when I'm online. Sometimes it doesn't. It 3092 + 3093 +774 3094 +00:47:58,350 ~-~-> 00:48:02,310 3095 +doesn't deliver well. Sometimes it does. But I do those 3096 + 3097 +775 3098 +00:48:02,310 ~-~-> 00:48:06,300 3099 +things, to try to satisfy those little percolation in my 3100 + 3101 +776 3102 +00:48:06,300 ~-~-> 00:48:10,230 3103 +ego. I have to wrestle with that every single day because 3104 + 3105 +777 3106 +00:48:10,230 ~-~-> 00:48:16,170 3107 +what I do is so good. It's hard not to be egotistical, it's 3108 + 3109 +778 3110 +00:48:16,170 ~-~-> 00:48:19,470 3111 +hard not to be arrogant. It takes a great deal of effort not 3112 + 3113 +779 3114 +00:48:19,470 ~-~-> 00:48:22,080 3115 +to do those types of things. So for the young guys, in 3116 + 3117 +780 3118 +00:48:22,080 ~-~-> 00:48:27,030 3119 +closing, as you learn this stuff, do not take this as an 3120 + 3121 +781 3122 +00:48:27,030 ~-~-> 00:48:32,070 3123 +invitation to go on social media, Facebook, Instagram, and 3124 + 3125 +782 3126 +00:48:32,070 ~-~-> 00:48:34,860 3127 +become the next forex baller. 3128 + 3129 +783 3130 +00:48:36,360 ~-~-> 00:48:38,910 3131 +Believe me, it doesn't deliver, like you think it will, 3132 + 3133 +784 3134 +00:48:39,150 ~-~-> 00:48:42,690 3135 +you're not going to deliver a message that people are gonna 3136 + 3137 +785 3138 +00:48:42,690 ~-~-> 00:48:44,580 3139 +fall in love with. They're gonna say, Oh, this guy's a jerk, 3140 + 3141 +786 3142 +00:48:44,670 ~-~-> 00:48:47,700 3143 +you know? Or he's fake this, he's arrogant. You know, you're 3144 + 3145 +787 3146 +00:48:47,700 ~-~-> 00:48:49,380 3147 +over the top. So therefore, you can't you can't be 3148 + 3149 +788 3150 +00:48:49,380 ~-~-> 00:48:51,450 3151 +profitable. And you got to spend so much time trying to 3152 + 3153 +789 3154 +00:48:51,450 ~-~-> 00:48:54,360 3155 +convince him prove that you're just gonna waste your time 3156 + 3157 +790 3158 +00:48:54,390 ~-~-> 00:48:56,340 3159 +and it's not going to give you what you expected in terms of 3160 + 3161 +791 3162 +00:48:56,610 ~-~-> 00:48:59,970 3163 +response. So don't even waste your time with it. Who cares? 3164 + 3165 +792 3166 +00:49:00,000 ~-~-> 00:49:02,070 3167 +If they don't believe you're making money, because I don't 3168 + 3169 +793 3170 +00:49:02,070 ~-~-> 00:49:04,590 3171 +care who's making you whoever doesn't believe that this 3172 + 3173 +794 3174 +00:49:04,590 ~-~-> 00:49:07,170 3175 +stuff works, but I'm not profitable, or I don't really trade 3176 + 3177 +795 3178 +00:49:07,170 ~-~-> 00:49:11,280 3179 +or I'm delivering pizzas for Domino's, and, you know, 1992 3180 + 3181 +796 3182 +00:49:11,310 ~-~-> 00:49:14,940 3183 +Ford Mustang with a rusted out trunk. I don't know where 3184 + 3185 +797 3186 +00:49:14,940 ~-~-> 00:49:16,950 3187 +that came from, but long and short is I don't care what 3188 + 3189 +798 3190 +00:49:16,950 ~-~-> 00:49:20,640 3191 +people believe about me. I only care about the folks that 3192 + 3193 +799 3194 +00:49:20,640 ~-~-> 00:49:23,730 3195 +put the time into learning what I'm teaching. And believe 3196 + 3197 +800 3198 +00:49:23,730 ~-~-> 00:49:27,180 3199 +me, if you do these things, you will see your time has not 3200 + 3201 +801 3202 +00:49:27,180 ~-~-> 00:49:32,580 3203 +been wasted. And it's consistency, its framework exactly 3204 + 3205 +802 3206 +00:49:32,580 ~-~-> 00:49:35,580 3207 +what you're looking for. But I give it in small pieces, 3208 + 3209 +803 3210 +00:49:35,880 ~-~-> 00:49:38,910 3211 +because it's required to learn that way. If I gave you all 3212 + 3213 +804 3214 +00:49:38,910 ~-~-> 00:49:41,490 3215 +one presentation, this is what you do. You're not going to 3216 + 3217 +805 3218 +00:49:41,490 ~-~-> 00:49:43,590 3219 +do what you're supposed to be doing because I want you to 3220 + 3221 +806 3222 +00:49:43,590 ~-~-> 00:49:47,040 3223 +focus on small segments of price action and components of 3224 + 3225 +807 3226 +00:49:47,040 ~-~-> 00:49:49,860 3227 +it. And you'll be quickly convinced that each individual 3228 + 3229 +808 3230 +00:49:49,860 ~-~-> 00:49:53,220 3231 +component has validity it has substance behind it, and when 3232 + 3233 +809 3234 +00:49:53,220 ~-~-> 00:49:56,400 3235 +you put everything together, you get Blue Ribbon results. So 3236 + 3237 +810 3238 +00:49:56,400 ~-~-> 00:49:58,380 3239 +hopefully you found this insightful until next time, I wish 3240 + 3241 +811 3242 +00:49:58,380 ~-~-> 00:49:59,640 3243 +you good luck and good trading.