Changes for page Getting Started In ICT Scalping Concepts.srt

Last modified by Drunk Monkey on 2021-06-11 13:40

From 3.1 to 2.1

From version

2.1

edited by Drunk Monkey
on 2020-11-20 16:44

Change comment: There is no comment for this version

To version 1.1

edited by Drunk Monkey
on 2020-11-20 16:43

Change comment: There is no comment for this version

Raw
Rendered

Summary

Page properties (1 modified, 0 added, 0 removed)

Details

Page properties

Content

@@ -1,3243 +1,0 @@
--1
--00:00:37,980 ~-~-> 00:00:43,650
--ICT: Good morning folks. appreciate your patience. Alright,
--
--2
--00:00:43,650 ~-~-> 00:00:46,410
--so we're gonna go over a few things. I'm not gonna spend a
--
--3
--00:00:46,410 ~-~-> 00:00:48,510
--whole lot of time with you today. I'm gonna try to keep the
--
--4
--00:00:48,720 ~-~-> 00:00:55,320
--session short. The focus is really to try to get you up to
--
--5
--00:00:55,320 ~-~-> 00:00:59,460
--speed as fast as I possibly can, but not cramming you with
--
--6
--00:00:59,460 ~-~-> 00:01:02,400
--too much info. Because I know that a lot of new followers
--
--7
--00:01:02,460 ~-~-> 00:01:08,550
--are not new readers, to my material. And you're all anxious
--
--8
--00:01:08,550 ~-~-> 00:01:13,560
--to get to the next video on my other tutorials, and in
--
--9
--00:01:13,560 ~-~-> 00:01:16,860
--between that, like give you what I think you should be doing
--
--10
--00:01:16,860 ~-~-> 00:01:21,000
--with your time, it's not going to be learned by watching my
--
--11
--00:01:21,000 ~-~-> 00:01:25,350
--videos, okay? There's a lot of folks that will say, watch
--
--12
--00:01:25,350 ~-~-> 00:01:28,080
--the videos, watch the videos. And it's true, you have to see
--
--13
--00:01:28,080 ~-~-> 00:01:31,830
--the videos to get the concepts. But don't spend your time
--
--14
--00:01:31,860 ~-~-> 00:01:34,710
--just watching videos binge watching, you actually have to do
--
--15
--00:01:34,710 ~-~-> 00:01:37,920
--all the work in your own charts. The folks that are going to
--
--16
--00:01:37,920 ~-~-> 00:01:42,180
--do well with my stuff or anything else. It's going to be the
--
--17
--00:01:42,180 ~-~-> 00:01:46,200
--ones that participate in practice and do it without being
--
--18
--00:01:46,500 ~-~-> 00:01:51,360
--told to do so by me. You got to have some initiative, okay.
--
--19
--00:01:51,360 ~-~-> 00:01:55,920
--And without having that it's going to be well, next to
--
--20
--00:01:55,920 ~-~-> 00:01:59,010
--impossible for you get good and you're going to be the one
--
--21
--00:01:59,010 ~-~-> 00:02:01,740
--that stands in the way of you Being proficient with this,
--
--22
--00:02:02,100 ~-~-> 00:02:05,790
--not my delivery of the content, not my frequency of putting
--
--23
--00:02:05,790 ~-~-> 00:02:09,750
--out videos, it's going to be the amount of time you put into
--
--24
--00:02:09,750 ~-~-> 00:02:15,630
--studying and studying correctly practicing it correctly. So
--
--25
--00:02:16,080 ~-~-> 00:02:18,870
--I'm going to give you why I believe that you should be
--
--26
--00:02:18,870 ~-~-> 00:02:23,130
--focusing on one pair. Okay, and how you should go about
--
--27
--00:02:23,130 ~-~-> 00:02:26,280
--doing that. And how you should log each experience each
--
--28
--00:02:26,280 ~-~-> 00:02:30,300
--deck. Now, either you're going to do it live, or you can do
--
--29
--00:02:30,300 ~-~-> 00:02:33,000
--it by hindsight, a lot of you have jobs, all you have
--
--30
--00:02:33,000 ~-~-> 00:02:36,090
--businesses, is life's going to be in the way and you can't
--
--31
--00:02:36,090 ~-~-> 00:02:40,800
--always be watching live price action. You still can learn
--
--32
--00:02:40,800 ~-~-> 00:02:45,120
--this. I taught myself a lot of the things that I teach, all
--
--33
--00:02:45,120 ~-~-> 00:02:49,260
--based on end of day data. I would go back and look at charts
--
--34
--00:02:49,320 ~-~-> 00:02:52,350
--that happened during the day with an hourly chart, and I
--
--35
--00:02:52,350 ~-~-> 00:02:55,590
--could see certain things and that's how I learned a lot of
--
--36
--00:02:55,590 ~-~-> 00:02:59,700
--the things that I started with my core principles. When I
--
--37
--00:02:59,700 ~-~-> 00:03:04,620
--was Starting with the Forex tutorials back in 2010 I've been
--
--38
--00:03:04,620 ~-~-> 00:03:07,980
--trading a lot longer than that. But a lot of the core
--
--39
--00:03:08,220 ~-~-> 00:03:11,220
--understanding came by way of just simply understanding end
--
--40
--00:03:11,220 ~-~-> 00:03:15,210
--of day trading. And that means nothing intraday, nothing
--
--41
--00:03:15,210 ~-~-> 00:03:21,000
--live. It was all based on basically a daily chart. Okay, so
--
--42
--00:03:22,050 ~-~-> 00:03:27,120
--yesterday I gave you guys a chart here and I highly price
--
--43
--00:03:27,120 ~-~-> 00:03:32,370
--hitting this specific level here. And hopefully I'll stem a
--
--44
--00:03:32,370 ~-~-> 00:03:36,960
--lot of this. With this comment about it probably won't be as
--
--45
--00:03:37,410 ~-~-> 00:03:40,740
--effective as I was hope, hope hope it would be rather. But
--
--46
--00:03:41,610 ~-~-> 00:03:44,550
--everyone seems to think that the magic is happening with the
--
--47
--00:03:44,550 ~-~-> 00:03:47,730
--Fibonacci. And there's a lot of things that go along with
--
--48
--00:03:48,030 ~-~-> 00:03:52,710
--using Fibonacci for my targets and my entries. It's not the
--
--49
--00:03:52,710 ~-~-> 00:03:56,580
--sole basis for my entry. Okay, in first glance, it looks
--
--50
--00:03:56,580 ~-~-> 00:03:59,910
--like something you've seen before, okay, but there's a lot
--
--51
--00:03:59,910 ~-~-> 00:04:03,300
--of Other things that you have to focus on and Shouldn't you
--
--52
--00:04:03,300 ~-~-> 00:04:05,820
--try doing on your own, you know, right away? It's not as
--
--53
--00:04:05,820 ~-~-> 00:04:08,460
--easy as you think it is. You don't know what the anchor what
--
--54
--00:04:08,460 ~-~-> 00:04:13,500
--fib on what level what? Pi with low, suddenly, you know, it
--
--55
--00:04:13,500 ~-~-> 00:04:15,930
--doesn't look like it doesn't work that good. And it's
--
--56
--00:04:15,930 ~-~-> 00:04:19,770
--because of the experience factor. My group that I have
--
--57
--00:04:19,770 ~-~-> 00:04:23,250
--mentored for the last over, over, well, it's been a year
--
--58
--00:04:23,250 ~-~-> 00:04:27,540
--now. Some of them are still admittedly struggling with some
--
--59
--00:04:27,540 ~-~-> 00:04:31,500
--of the concepts. And I'm constantly repeating. It's an
--
--60
--00:04:31,500 ~-~-> 00:04:34,350
--experience thing that they have to grow into. You don't
--
--61
--00:04:34,350 ~-~-> 00:04:37,260
--learn this overnight, you certainly aren't going to learn in
--
--62
--00:04:37,260 ~-~-> 00:04:40,830
--one year. Okay, but you will learn to grow in your
--
--63
--00:04:40,830 ~-~-> 00:04:43,140
--understanding. So I'm going to give you a foundation today.
--
--64
--00:04:43,560 ~-~-> 00:04:46,920
--To start with, it's only specifically dealing with scouting,
--
--65
--00:04:46,920 ~-~-> 00:04:51,480
--okay. So please don't come at me on Twitter about hey, look,
--
--66
--00:04:51,540 ~-~-> 00:04:54,330
--you know, what about central bank dealers range and what
--
--67
--00:04:54,330 ~-~-> 00:04:58,080
--about the fallout? And what about, you know, the moving
--
--68
--00:04:58,080 ~-~-> 00:05:03,060
--average crossovers, and what about it Trading stick to what
--
--69
--00:05:03,060 ~-~-> 00:05:05,850
--I'm giving you. Not because I'm trying to hold anything away
--
--70
--00:05:05,850 ~-~-> 00:05:10,620
--from you, but I gave you guys way too much stuff before way
--
--71
--00:05:10,620 ~-~-> 00:05:14,100
--too fast. And it's gave the impression that you needed to
--
--72
--00:05:14,100 ~-~-> 00:05:18,090
--have all that to be successful. And to some degree, a lot of
--
--73
--00:05:18,090 ~-~-> 00:05:23,490
--mine. detractors were right in the sense that I was giving
--
--74
--00:05:23,490 ~-~-> 00:05:26,100
--way too much. But what I was really doing was I was giving
--
--75
--00:05:26,100 ~-~-> 00:05:30,000
--you everything that I went through to develop myself as the
--
--76
--00:05:30,000 ~-~-> 00:05:31,770
--amateur trader, the person that you see that
--
--77
--00:05:32,250 ~-~-> 00:05:35,610
--took calls the market and gives the analysis concepts, all
--
--78
--00:05:35,610 ~-~-> 00:05:38,670
--those things that led up to my understanding, and to become
--
--79
--00:05:38,670 ~-~-> 00:05:41,520
--who I am as a trader. Those were the things I went through.
--
--80
--00:05:41,820 ~-~-> 00:05:45,030
--And it was kinda like a social experience, to see if anyone
--
--81
--00:05:45,030 ~-~-> 00:05:49,980
--else could be, I guess, created the same way I was. And for
--
--82
--00:05:49,980 ~-~-> 00:05:53,310
--the most part, it didn't happen. So it was a failed
--
--83
--00:05:53,310 ~-~-> 00:05:57,270
--experiment in my eyes, but it was still fun to watch the
--
--84
--00:05:57,270 ~-~-> 00:06:00,900
--growth of some individuals that did pretty well with it. But
--
--85
--00:06:00,900 ~-~-> 00:06:04,050
--nobody came to the level I was hoping he would, by way of me
--
--86
--00:06:04,170 ~-~-> 00:06:08,910
--presenting the information. So with that, I'm going to ask
--
--87
--00:06:08,910 ~-~-> 00:06:11,400
--you a question. And this is rhetorical. Obviously, you guys
--
--88
--00:06:11,460 ~-~-> 00:06:14,160
--aren't going to be able to tell me what your responses are.
--
--89
--00:06:14,160 ~-~-> 00:06:16,860
--You can share them on Twitter, but it's really just a
--
--90
--00:06:17,100 ~-~-> 00:06:22,080
--rhetorical. What pair have you spent the most time looking
--
--91
--00:06:22,080 ~-~-> 00:06:25,410
--at? Now? There's no correct pair. Okay, please don't think
--
--92
--00:06:25,410 ~-~-> 00:06:30,180
--that there's one pair that's better than the other. Because
--
--93
--00:06:30,180 ~-~-> 00:06:33,240
--they all do the same thing. They all open, they'll post the
--
--94
--00:06:33,240 ~-~-> 00:06:36,330
--high, they'll post the low and the close and create a new
--
--95
--00:06:36,330 ~-~-> 00:06:41,190
--bar or new candle. So we're trying we're trading price. We
--
--96
--00:06:41,190 ~-~-> 00:06:44,520
--don't care so much about the particular currency. Now there
--
--97
--00:06:44,520 ~-~-> 00:06:47,760
--are times when certain currencies should be focused on
--
--98
--00:06:47,760 ~-~-> 00:06:49,680
--others, and that's completely outside the scope of this
--
--99
--00:06:49,680 ~-~-> 00:06:53,730
--discussion, but I want you to it at least, right now,
--
--100
--00:06:53,760 ~-~-> 00:06:58,830
--suspend your curiosity in chasing everything else and just
--
--101
--00:06:58,830 ~-~-> 00:07:03,720
--pick one pair It doesn't matter which pair it is. But today
--
--102
--00:07:03,750 ~-~-> 00:07:07,170
--as a goal I want you to know don't have to be decided at
--
--103
--00:07:07,170 ~-~-> 00:07:11,100
--this moment right now. But give it a day, think about what
--
--104
--00:07:11,100 ~-~-> 00:07:15,360
--currency pair you have gone to on your smartphone, or in
--
--105
--00:07:15,360 ~-~-> 00:07:17,430
--your demo account. Or maybe you've made the mistake of
--
--106
--00:07:17,430 ~-~-> 00:07:19,410
--opening a Live account right away without knowing anything,
--
--107
--00:07:19,830 ~-~-> 00:07:22,770
--and what pair you're trying to lose money on. Okay? Because
--
--108
--00:07:22,770 ~-~-> 00:07:24,090
--that's what you're doing. If you don't know what you're
--
--109
--00:07:24,090 ~-~-> 00:07:28,590
--doing, you're just basically trying to lose your money. And
--
--110
--00:07:28,590 ~-~-> 00:07:32,790
--there's, there's really no benefit in doing that. Okay. So,
--
--111
--00:07:32,970 ~-~-> 00:07:35,850
--we're going to assume that you have picked one of the
--
--112
--00:07:35,850 ~-~-> 00:07:39,930
--majors, okay, so if you're going to be profitable, and I was
--
--113
--00:07:39,930 ~-~-> 00:07:41,700
--going to be your goal when you start as a trader, hopefully
--
--114
--00:07:41,700 ~-~-> 00:07:43,920
--that's been the case for everyone, and you live in the
--
--115
--00:07:43,920 ~-~-> 00:07:47,940
--United States. My advice is to try to trade something that's
--
--116
--00:07:47,970 ~-~-> 00:07:51,300
--paired with the dollar index and just simply say this, when
--
--117
--00:07:51,300 ~-~-> 00:07:54,120
--you are profitable, you get better tax treatment when you
--
--118
--00:07:54,120 ~-~-> 00:07:57,540
--trade $1 based major, okay, and I'll just leave it at that.
--
--119
--00:07:58,650 ~-~-> 00:08:01,560
--So doesn't mean you can't Make money on the crosses, it just
--
--120
--00:08:01,560 ~-~-> 00:08:05,880
--means that the bulk of your volume would be better suited in
--
--121
--00:08:05,880 ~-~-> 00:08:10,110
--a major cross with $1. Okay. And I'm not here teaching tax
--
--122
--00:08:10,110 ~-~-> 00:08:13,140
--code, you talk to your tax preparer. They have to have some
--
--123
--00:08:13,140 ~-~-> 00:08:16,380
--knowledge and understanding about forex and concur with what
--
--124
--00:08:16,380 ~-~-> 00:08:20,820
--I just said. Okay. So we're going to assume you pick a
--
--125
--00:08:20,820 ~-~-> 00:08:25,470
--major, it could be euro, dollar, pound dollar, dollar,
--
--126
--00:08:25,470 ~-~-> 00:08:31,050
--swissy, dollar yen, dollar, CAD, Aussie dollar. Pick any one
--
--127
--00:08:31,050 ~-~-> 00:08:33,900
--of those, okay, and I'm not trying to promote one over the
--
--128
--00:08:33,900 ~-~-> 00:08:38,490
--other but I will just simply say that I am predominantly a
--
--129
--00:08:38,670 ~-~-> 00:08:44,250
--GBP USD or cable trader, British pound. I can tell you the
--
--130
--00:08:44,250 ~-~-> 00:08:46,830
--reason why I feel that way is because I started as a
--
--131
--00:08:46,830 ~-~-> 00:08:49,770
--commodity trader and the British pound the Deutsche Mark,
--
--132
--00:08:49,770 ~-~-> 00:08:53,310
--which there isn't a Deutsche Mark anymore. Those two pairs
--
--133
--00:08:53,580 ~-~-> 00:08:58,050
--or I'm sorry, currencies. I treated them predominantly the
--
--134
--00:08:58,080 ~-~-> 00:09:03,540
--most as a Currency Trader. And I had really good luck one
--
--135
--00:09:03,570 ~-~-> 00:09:07,830
--time in the Japanese yen. And then later time in my career,
--
--136
--00:09:08,040 ~-~-> 00:09:11,370
--it really stumped the crap out of me. And I just don't like
--
--137
--00:09:11,370 ~-~-> 00:09:13,800
--him. Okay, it doesn't mean that the things don't work in
--
--138
--00:09:13,800 ~-~-> 00:09:18,960
--yen. It's just I just don't want to try again because it's
--
--139
--00:09:18,960 ~-~-> 00:09:21,360
--in my head. It's all psychological. And I just don't want to
--
--140
--00:09:21,360 ~-~-> 00:09:25,950
--submit to having that engage anymore. So I personally don't
--
--141
--00:09:25,950 ~-~-> 00:09:30,300
--like in but some students do exceptionally well trading yen
--
--142
--00:09:30,300 ~-~-> 00:09:35,040
--pairs. So don't let me as a mentor or just some guy on the
--
--143
--00:09:35,040 ~-~-> 00:09:38,580
--internet talking about what he thinks is right. Don't let me
--
--144
--00:09:38,640 ~-~-> 00:09:41,160
--discourage you from doing any one particular pair of the
--
--145
--00:09:41,160 ~-~-> 00:09:43,590
--other. I'm just giving you my personal opinion because I get
--
--146
--00:09:43,590 ~-~-> 00:09:45,780
--a lot of this in email. So I'm trying to compress all that
--
--147
--00:09:45,780 ~-~-> 00:09:49,890
--into this short little presentation. So we're going to elect
--
--148
--00:09:49,980 ~-~-> 00:09:55,080
--to go with the euro dollar, and I'm going to use the euro
--
--149
--00:09:55,080 ~-~-> 00:09:59,640
--dollar because it's the most widely followed in all of the
--
--150
--00:09:59,640 ~-~-> 00:10:02,820
--Forex market and it's pretty liquid. It's very closely tied
--
--151
--00:10:02,820 ~-~-> 00:10:05,160
--to the Dollar Index, which, once you go through my
--
--152
--00:10:05,160 ~-~-> 00:10:07,290
--tutorials, you'll see that that's actually advantageous for
--
--153
--00:10:07,290 ~-~-> 00:10:10,290
--you because you want to be looking for the imbalances and
--
--154
--00:10:10,290 ~-~-> 00:10:13,770
--tug of war between the impulse price swings in the dollar.
--
--155
--00:10:14,100 ~-~-> 00:10:16,920
--They're going to be mirror images of what you see in the
--
--156
--00:10:16,920 ~-~-> 00:10:20,310
--euro dollar. And by that, I mean, if the dollar is bullish,
--
--157
--00:10:20,880 ~-~-> 00:10:22,620
--you're going to see extremely
--
--158
--00:10:24,059 ~-~-> 00:10:27,869
--perfectly timed bearishness on the euro dollar doesn't mean
--
--159
--00:10:27,869 ~-~-> 00:10:31,199
--it happens all the time. Okay, as you seen last week, we had
--
--160
--00:10:31,469 ~-~-> 00:10:36,449
--episodes where the euro dollar was held in a range, British
--
--161
--00:10:36,449 ~-~-> 00:10:40,379
--Pound was allowed to trade higher and lower in trend. And
--
--162
--00:10:40,379 ~-~-> 00:10:42,839
--that gives us an indication that there's a trade occurring
--
--163
--00:10:42,839 ~-~-> 00:10:45,419
--in euro pound. And again, that stuff's in the tutorials but
--
--164
--00:10:45,419 ~-~-> 00:10:48,269
--you got to dig it out and study it. But I'm going to give
--
--165
--00:10:48,269 ~-~-> 00:10:54,239
--you the bare bones core essentials to scalping and what I've
--
--166
--00:10:54,239 ~-~-> 00:10:57,209
--already given you is a complete system. It's absolutely
--
--167
--00:10:57,629 ~-~-> 00:11:00,749
--perfect for a new trader because it gives you The context to
--
--168
--00:11:00,749 ~-~-> 00:11:04,289
--go in to the charts study, look for certain things and
--
--169
--00:11:04,289 ~-~-> 00:11:06,749
--you're not wasting your time, you'll be able to see things
--
--170
--00:11:06,749 ~-~-> 00:11:10,019
--that repeat they have to have a reoccurrence factor. Okay,
--
--171
--00:11:10,019 ~-~-> 00:11:13,529
--if what you're studying doesn't have the ability to be
--
--172
--00:11:13,589 ~-~-> 00:11:17,549
--replicated at least a few times a week, you're probably not
--
--173
--00:11:17,549 ~-~-> 00:11:22,169
--studying anything that has any valid validity or substance,
--
--174
--00:11:22,319 ~-~-> 00:11:24,389
--you're probably looking at indicators and stuff. And the
--
--175
--00:11:24,389 ~-~-> 00:11:26,639
--only indicator you're going to see on my chart is a
--
--176
--00:11:26,639 ~-~-> 00:11:29,819
--Fibonacci. And the only thing I'm highlighting there is a
--
--177
--00:11:29,819 ~-~-> 00:11:33,659
--target or a specific range and where I think a entry should
--
--178
--00:11:33,659 ~-~-> 00:11:38,399
--occur, do not fall prey to the idea that everything I'm
--
--179
--00:11:38,399 ~-~-> 00:11:41,489
--doing hinges solely on the basis of Fibonacci, because it's
--
--180
--00:11:41,489 ~-~-> 00:11:44,729
--not believe me, I don't even need that Fibonacci. But the
--
--181
--00:11:44,729 ~-~-> 00:11:48,149
--Fibonacci as a teacher, helps me draw your attention to a
--
--182
--00:11:48,149 ~-~-> 00:11:50,429
--level I've already arrived that and you're not going to
--
--183
--00:11:50,429 ~-~-> 00:11:57,269
--believe me, but I knew this high at 116 55 was probable last
--
--184
--00:11:57,269 ~-~-> 00:12:04,679
--Friday. Last Friday at midnight, last Friday. Now you're not
--
--185
--00:12:04,679 ~-~-> 00:12:07,949
--gonna believe me, okay? But I don't think I'm not trying to
--
--186
--00:12:07,949 ~-~-> 00:12:10,799
--convince you that here today, but there are certain concepts
--
--187
--00:12:11,099 ~-~-> 00:12:15,089
--that repeat themselves with a great deal of precision. And
--
--188
--00:12:15,089 ~-~-> 00:12:19,799
--they're like clockwork. So if we have to suspend our
--
--189
--00:12:19,829 ~-~-> 00:12:23,399
--disbelief about the markets being 100% manipulated to the
--
--190
--00:12:23,399 ~-~-> 00:12:26,729
--degree that that daily high and the daily low is already pre
--
--191
--00:12:26,729 ~-~-> 00:12:30,809
--determined before the day even begins. So in your notepad,
--
--192
--00:12:30,869 ~-~-> 00:12:33,209
--if you don't have a notepad next time we watch a live
--
--193
--00:12:33,209 ~-~-> 00:12:36,449
--session, because anything can happen. YouTube could go on
--
--194
--00:12:36,449 ~-~-> 00:12:41,249
--the fritz, maybe nine, my compiler doesn't record the video,
--
--195
--00:12:41,429 ~-~-> 00:12:44,639
--and you'll lose the insights that I get, sometimes won't
--
--196
--00:12:44,639 ~-~-> 00:12:47,579
--remember what I said, because I'm really not trying to work
--
--197
--00:12:47,579 ~-~-> 00:12:51,089
--with a script. I know what I want to deliver in such a small
--
--198
--00:12:51,089 ~-~-> 00:12:54,029
--little segment of insight, but I want to give you some
--
--199
--00:12:54,029 ~-~-> 00:12:56,999
--foundation and also if I can always try to throw little
--
--200
--00:12:56,999 ~-~-> 00:13:00,929
--answers to email questions that kind of segue with what I'm
--
--201
--00:13:00,929 ~-~-> 00:13:05,129
--teaching. But in your notepad, I want you to write down,
--
--202
--00:13:05,399 ~-~-> 00:13:11,039
--Price Is 100% manipulated, and the daily high and daily low
--
--203
--00:13:11,069 ~-~-> 00:13:17,069
--are already pre determined at midnight, New York time. So
--
--204
--00:13:17,069 ~-~-> 00:13:21,749
--that means midnight last night for me, it's seven hours and
--
--205
--00:13:21,749 ~-~-> 00:13:26,219
--21 minutes ago, the daily high and low has already been pre
--
--206
--00:13:26,219 ~-~-> 00:13:31,529
--determined for euro dollar. It our era has been determined.
--
--207
--00:13:32,819 ~-~-> 00:13:38,759
--Now, you don't know what that is. I don't always know what
--
--208
--00:13:38,759 ~-~-> 00:13:42,779
--it is. But there are certain times of the week where certain
--
--209
--00:13:42,779 ~-~-> 00:13:48,539
--things align where I had the strongest. Well, I guess
--
--210
--00:13:48,629 ~-~-> 00:13:51,989
--probability that I know where the daily high or low is going
--
--211
--00:13:51,989 ~-~-> 00:13:56,279
--to be. I've given you several examples of it on Twitter, in
--
--212
--00:13:56,279 ~-~-> 00:13:59,279
--video. Yeah, I've already shown you that I've shown you
--
--213
--00:13:59,279 ~-~-> 00:14:03,779
--trade example. Now, it's not imperative that you know that
--
--214
--00:14:03,779 ~-~-> 00:14:06,779
--this is the high and therefore you hold to get out exactly
--
--215
--00:14:06,779 ~-~-> 00:14:10,679
--at 116 55. Because to do that is going to be detrimental to
--
--216
--00:14:10,679 ~-~-> 00:14:13,379
--your bottom line because you're going to sometimes get it
--
--217
--00:14:13,379 ~-~-> 00:14:18,659
--wrong. But you don't need to have that actual high. For
--
--218
--00:14:18,659 ~-~-> 00:14:21,839
--instance, I'll give you an example. And this is to set your
--
--219
--00:14:21,839 ~-~-> 00:14:26,279
--expectations. I'm not trying to talk to hear myself, okay,
--
--220
--00:14:26,279 ~-~-> 00:14:28,169
--I'm not trying to waste your time. But what I'm saying here
--
--221
--00:14:28,199 ~-~-> 00:14:35,099
--me means a lot to take. Take note on this. If we know by way
--
--222
--00:14:35,099 ~-~-> 00:14:40,139
--of our tools, or what I'm teaching you, if see if we know
--
--223
--00:14:40,829 ~-~-> 00:14:44,429
--that there's a strong probability, that particular pair to
--
--224
--00:14:44,429 ~-~-> 00:14:46,589
--work following this case, we're using the Euro dollars in
--
--225
--00:14:46,589 ~-~-> 00:14:47,129
--example,
--
--226
--00:14:48,809 ~-~-> 00:14:53,369
--if they can go to 116 55 as a daily high, and you've gotten
--
--227
--00:14:53,369 ~-~-> 00:14:56,399
--an opportunity to get long, say down here in the New York
--
--228
--00:14:56,399 ~-~-> 00:15:00,179
--session or if you have a London close continuation with is
--
--229
--00:15:00,179 ~-~-> 00:15:03,929
--what this is here, optimal trade entry. If either one of
--
--230
--00:15:03,929 ~-~-> 00:15:08,429
--those are used to get in and your convictions are that we're
--
--231
--00:15:08,429 ~-~-> 00:15:12,749
--probably going to see the interbank algorithm print a daily
--
--232
--00:15:12,749 ~-~-> 00:15:18,959
--high of 116 55. If that's the case, don't demand such
--
--233
--00:15:18,959 ~-~-> 00:15:23,759
--precision that you hold for that exit price. Now, I Showboat
--
--234
--00:15:23,789 ~-~-> 00:15:27,359
--online to prove to other people that what I talked about is
--
--235
--00:15:27,359 ~-~-> 00:15:31,949
--really there. I gave you the chart, I wait, I wait and wait
--
--236
--00:15:31,949 ~-~-> 00:15:34,319
--and wait until the hits the levels I want. And I
--
--237
--00:15:34,319 ~-~-> 00:15:36,569
--screencapture right when it happens, so that way you guys
--
--238
--00:15:36,569 ~-~-> 00:15:39,599
--can see it. Be go on Twitter, you'll see that's actually the
--
--239
--00:15:39,599 ~-~-> 00:15:43,739
--very high on this candle. This particular ones right here
--
--240
--00:15:43,739 ~-~-> 00:15:47,429
--ain't gonna pop up on this recording, but the actual high
--
--241
--00:15:47,429 ~-~-> 00:15:51,419
--comes in at 116 55. As the candle was creating that high, it
--
--242
--00:15:51,419 ~-~-> 00:15:54,779
--never went any higher than that. And it traded lower as a
--
--243
--00:15:54,779 ~-~-> 00:15:59,999
--result. I do that to prove to the doubters also to reenter
--
--244
--00:15:59,999 ~-~-> 00:16:02,729
--For the people that are trying to learn from me that is
--
--245
--00:16:02,729 ~-~-> 00:16:08,279
--absolutely predictable. Now, predictability is not the same
--
--246
--00:16:08,279 ~-~-> 00:16:11,669
--as profitability because you can still screw up you can
--
--247
--00:16:11,669 ~-~-> 00:16:16,409
--still demand absolution okay? And you're not going to find
--
--248
--00:16:16,409 ~-~-> 00:16:19,619
--that okay? There's no forex Jesus, okay, you can pray all
--
--249
--00:16:19,619 ~-~-> 00:16:23,549
--you want about the market doing what you want to do anything
--
--250
--00:16:23,579 ~-~-> 00:16:27,059
--you want to do it, okay? So you have to have a rule based
--
--251
--00:16:27,059 ~-~-> 00:16:31,079
--idea. So my, the way I interpret intraday price action is I
--
--252
--00:16:31,079 ~-~-> 00:16:32,999
--want to get a rough idea where I think the daily higher
--
--253
--00:16:32,999 ~-~-> 00:16:37,349
--daily low is going to be. Compare that with a bias. Okay,
--
--254
--00:16:37,349 ~-~-> 00:16:40,439
--and you have to have a bias traders to say or instructors, I
--
--255
--00:16:40,439 ~-~-> 00:16:44,279
--say that with quotations in my hands. They'll say you don't
--
--256
--00:16:44,279 ~-~-> 00:16:46,409
--trade with a bias. It's foolish. Those people don't know
--
--257
--00:16:46,409 ~-~-> 00:16:48,359
--what they're talking about. Okay, they have no idea what
--
--258
--00:16:48,359 ~-~-> 00:16:50,279
--you're talking about. And they had no business trying to
--
--259
--00:16:50,279 ~-~-> 00:16:52,919
--tell anyone what to do, because if they're doing anything at
--
--260
--00:16:52,919 ~-~-> 00:16:56,429
--all, they're misleading you. I'm telling you the truth.
--
--261
--00:16:56,669 ~-~-> 00:16:59,099
--These markets are manipulated. They're absolutely not for
--
--262
--00:16:59,099 ~-~-> 00:17:03,479
--your benefit. They are out there to whale. Okay. And that
--
--263
--00:17:03,479 ~-~-> 00:17:06,839
--means they're going after big, large institutional funds.
--
--264
--00:17:07,139 ~-~-> 00:17:09,359
--That's what this is now, yes, there's global commerce that
--
--265
--00:17:09,359 ~-~-> 00:17:13,439
--they actually are used to facilitate global commerce and
--
--266
--00:17:13,739 ~-~-> 00:17:16,799
--transactions between countries and nations and doing
--
--267
--00:17:16,799 ~-~-> 00:17:19,589
--business and stuff. Yeah, that's wonderful. But there's also
--
--268
--00:17:19,589 ~-~-> 00:17:22,379
--opportunity there. And the opportunity is to go after large
--
--269
--00:17:22,379 ~-~-> 00:17:25,799
--liquidity basis. And that's not going to be retail. Retail
--
--270
--00:17:25,799 ~-~-> 00:17:29,999
--is not even on the radar. So if we understand that, that is
--
--271
--00:17:29,999 ~-~-> 00:17:33,299
--how these markets are operating on a day by day basis, and
--
--272
--00:17:33,299 ~-~-> 00:17:36,599
--it's the largest market in the world, and it's ran by the
--
--273
--00:17:36,599 ~-~-> 00:17:39,239
--banks, which, you know, banks don't open up to go into bit
--
--274
--00:17:39,269 ~-~-> 00:17:42,119
--go out of business, they tend to stay in the business or be
--
--275
--00:17:42,119 ~-~-> 00:17:47,039
--consumed by larger bank. If we have that understanding, we
--
--276
--00:17:47,039 ~-~-> 00:17:49,469
--know that there's a large degree of probability that the
--
--277
--00:17:49,469 ~-~-> 00:17:51,989
--daily higher daily low is going to be pre determined at
--
--278
--00:17:51,989 ~-~-> 00:17:55,379
--midnight every single day. And once we know what that level
--
--279
--00:17:55,379 ~-~-> 00:17:58,379
--is, and we compare it with a bias towards if we're bullish
--
--280
--00:17:58,379 ~-~-> 00:18:02,969
--on the euro dollar As indicated yesterday, okay with optimal
--
--281
--00:18:02,969 ~-~-> 00:18:07,739
--trade entry here, and what happened in here. My advice to
--
--282
--00:18:07,739 ~-~-> 00:18:11,669
--you is if you know these things here, okay, and I'm going to
--
--283
--00:18:11,669 ~-~-> 00:18:14,339
--give you things in my tutorials that help you get to this.
--
--284
--00:18:14,339 ~-~-> 00:18:17,369
--Now, it's not going to be this precise. This is something
--
--285
--00:18:17,369 ~-~-> 00:18:21,479
--that is taught in my mentorship. But in the tutorials, I've
--
--286
--00:18:21,509 ~-~-> 00:18:25,529
--given many instances on how you can get real close to this
--
--287
--00:18:25,529 ~-~-> 00:18:29,129
--number. So I'll give you an example. I teach the 50 levels
--
--288
--00:18:29,429 ~-~-> 00:18:33,449
--and the double zero big figure levels are significant. I
--
--289
--00:18:33,449 ~-~-> 00:18:35,429
--want you and this is something you write down in your
--
--290
--00:18:35,429 ~-~-> 00:18:37,379
--notepad right now because this homework for you this all
--
--291
--00:18:37,379 ~-~-> 00:18:42,449
--week, I want you to put every 50 level in every full figure
--
--292
--00:18:42,479 ~-~-> 00:18:45,899
--00 level and what does that mean? Go to your horizontal
--
--293
--00:18:45,899 ~-~-> 00:18:51,089
--line. Okay, and we're going to drop it onto a 50 we're gonna
--
--294
--00:18:51,359 ~-~-> 00:18:57,449
--build it better. So it's on 116 50 and then we're going to
--
--295
--00:18:57,449 ~-~-> 00:19:09,899
--go down to one 16 00 eyes are still not awake yet. So I
--
--296
--00:19:09,899 ~-~-> 00:19:11,669
--apologize for being a little
--
--297
--00:19:14,309 ~-~-> 00:19:17,759
--slow on the deliver here. Okay, so we have 116, big figure,
--
--298
--00:19:18,089 ~-~-> 00:19:21,779
--and 116 50, mid figure, okay, you'll hear these terms used a
--
--299
--00:19:21,779 ~-~-> 00:19:28,439
--lot in my tutorials, I want you to put your 15 00 levels on
--
--300
--00:19:28,469 ~-~-> 00:19:31,979
--the currency pair that you're going to follow. Okay? And I
--
--301
--00:19:31,979 ~-~-> 00:19:34,649
--want you to use wherever the prices right now, right now
--
--302
--00:19:34,649 ~-~-> 00:19:39,089
--it's trading at 1630. So the next two levels above and
--
--303
--00:19:39,089 ~-~-> 00:19:45,299
--below, it's the 50 level and the 00 level, okay? inside of
--
--304
--00:19:45,299 ~-~-> 00:19:49,679
--that price is going to do all kinds of gyrations. ignore it.
--
--305
--00:19:50,099 ~-~-> 00:19:53,369
--Don't do anything with it. Okay. I want you to wait until
--
--306
--00:19:53,369 ~-~-> 00:19:56,849
--price trades to one of these levels, the 50 level or the 00
--
--307
--00:19:56,849 ~-~-> 00:20:01,649
--level. Okay, and then wait for a reaction. It could come
--
--308
--00:20:01,649 ~-~-> 00:20:05,519
--down to 16 00. In bounce, come up and create a retracement.
--
--309
--00:20:05,519 ~-~-> 00:20:08,639
--And that could be an apple trade entry for a day trade and
--
--310
--00:20:08,639 ~-~-> 00:20:11,879
--test it. I'm not telling you to put live money on any of
--
--311
--00:20:11,879 ~-~-> 00:20:15,119
--this, I'm telling you, the practice the reactions off the 50
--
--312
--00:20:15,119 ~-~-> 00:20:17,939
--level and the 000 level, the mid figures and the big
--
--313
--00:20:17,939 ~-~-> 00:20:22,889
--figures. If we watch these levels over time, you're going to
--
--314
--00:20:22,889 ~-~-> 00:20:27,719
--see every setup that you'd ever need is on these levels. And
--
--315
--00:20:27,719 ~-~-> 00:20:31,739
--it's because of the interbank volume. And the banks
--
--316
--00:20:31,739 ~-~-> 00:20:34,919
--themselves like to work off these levels. They'll defend big
--
--317
--00:20:34,919 ~-~-> 00:20:37,109
--figures and mid figures at these levels. There's going to be
--
--318
--00:20:37,109 ~-~-> 00:20:39,449
--a lot of orders, which is what makes these markets move
--
--319
--00:20:39,449 ~-~-> 00:20:42,839
--around. It's not indicators, none of this stuff, and you'll
--
--320
--00:20:42,839 ~-~-> 00:20:47,099
--be surprised that most most folks believe that the chart
--
--321
--00:20:47,099 ~-~-> 00:20:51,689
--itself pushes price and charts are only reflecting the
--
--322
--00:20:51,689 ~-~-> 00:20:57,809
--sentiment and actions of actual transactions. banks don't
--
--323
--00:20:57,809 ~-~-> 00:21:02,099
--trade with charts. Okay. It's, it's like a misnomer to you,
--
--324
--00:21:02,399 ~-~-> 00:21:05,429
--I'm smart money because I'm using the four hour chart now
--
--325
--00:21:05,789 ~-~-> 00:21:10,259
--it's my way for me to communicate to you the order base that
--
--326
--00:21:10,259 ~-~-> 00:21:13,589
--will be around that particular price level and it's easily
--
--327
--00:21:15,479 ~-~-> 00:21:18,869
--seen and observed on a higher timeframe intraday chart like
--
--328
--00:21:18,869 ~-~-> 00:21:24,659
--a four hour. So don't think that there's any particular
--
--329
--00:21:24,659 ~-~-> 00:21:28,649
--magic that a down close candle supports price. It's that's
--
--330
--00:21:28,649 ~-~-> 00:21:32,669
--not it either order blocks are not it. It's just one small
--
--331
--00:21:32,669 ~-~-> 00:21:36,569
--component to a larger hole that you'll need to consume in my
--
--332
--00:21:36,569 ~-~-> 00:21:40,469
--content. But for intraday basis, I want you to focus on 00
--
--333
--00:21:40,469 ~-~-> 00:21:45,179
--levels, and 50 levels. Okay, and just for homework, go back
--
--334
--00:21:45,179 ~-~-> 00:21:48,449
--through your currency pair. It's real simple. I mean, this
--
--335
--00:21:48,449 ~-~-> 00:21:50,819
--is drag it to the left. And you'll see there's a lot of
--
--336
--00:21:50,819 ~-~-> 00:21:55,049
--instances where price creates opportunities at these levels.
--
--337
--00:21:55,229 ~-~-> 00:21:58,889
--Now, you might have to wait. That's beautiful because it's
--
--338
--00:21:58,889 ~-~-> 00:22:04,349
--going to teach you patience. If you have the 50 00 level and
--
--339
--00:22:04,349 ~-~-> 00:22:06,449
--you wait for opportunities to price trades to these
--
--340
--00:22:06,479 ~-~-> 00:22:09,269
--particular well here's why we're here. Now what I mean when
--
--341
--00:22:09,269 ~-~-> 00:22:11,309
--it gets to these levels I'm not saying it hits the level
--
--342
--00:22:11,309 ~-~-> 00:22:14,309
--exactly and bounces, it just means around that level and
--
--343
--00:22:14,309 ~-~-> 00:22:17,909
--I'll give you the perfect example here. Price runs here
--
--344
--00:22:18,509 ~-~-> 00:22:20,759
--creates a small little Let me see if it works too high
--
--345
--00:22:20,759 ~-~-> 00:22:25,949
--because I'm not sure if I can show it to you there. Okay,
--
--346
--00:22:25,949 ~-~-> 00:22:32,189
--lost it. There it is. Alright, so we have price creating a
--
--347
--00:22:32,189 ~-~-> 00:22:36,239
--high at 116 oh seven and the last high comes in at exactly
--
--348
--00:22:36,239 ~-~-> 00:22:38,579
--116 or seven. So it really didn't create one there. It would
--
--349
--00:22:38,579 ~-~-> 00:22:42,599
--have been better had it been broke the short term high. But
--
--350
--00:22:43,289 ~-~-> 00:22:46,199
--that is an awful trade entry. a retracement it would be a
--
--351
--00:22:46,199 ~-~-> 00:22:50,249
--79% tradesmen level thereby I only but you can see the
--
--352
--00:22:50,369 ~-~-> 00:22:53,999
--overall pattern. This is what you would expect to see around
--
--353
--00:22:54,419 ~-~-> 00:22:59,219
--the big figures your level or the 50 level. Okay and
--
--354
--00:22:59,309 ~-~-> 00:23:02,729
--eventually Time, you're going to graduate to adding the 80
--
--355
--00:23:02,729 ~-~-> 00:23:05,249
--level and the 20 level. And that's it, you need nothing
--
--356
--00:23:05,249 ~-~-> 00:23:07,319
--else, you don't need to worry about drawing support
--
--357
--00:23:07,319 ~-~-> 00:23:09,989
--resistance lines on your charts. You don't need to worry
--
--358
--00:23:09,989 ~-~-> 00:23:15,569
--about putting, you know, any kind of, well, whatever kind of
--
--359
--00:23:15,569 ~-~-> 00:23:18,959
--lipstick you usually put on your charts. The books taught me
--
--360
--00:23:19,229 ~-~-> 00:23:21,989
--use an old high, draw a line across it and prices either
--
--361
--00:23:21,989 ~-~-> 00:23:24,749
--gonna hit it and repel from resistance or break soon come
--
--362
--00:23:24,749 ~-~-> 00:23:27,059
--down find support. And I can tell you I've lost hundreds of
--
--363
--00:23:27,059 ~-~-> 00:23:28,229
--thousands of dollars don't add.
--
--364
--00:23:29,580 ~-~-> 00:23:33,030
--It doesn't it doesn't work, because it doesn't give you any
--
--365
--00:23:33,030 ~-~-> 00:23:36,870
--context about why that level should be traded on the basis
--
--366
--00:23:36,900 ~-~-> 00:23:41,040
--of order flow. Now not order flows in the form of market
--
--367
--00:23:41,040 ~-~-> 00:23:43,980
--profile footprint depth of market, I'm not talking about
--
--368
--00:23:43,980 ~-~-> 00:23:48,030
--that. That's entirely outside the scope of what I do. What I
--
--369
--00:23:48,030 ~-~-> 00:23:52,230
--internalize is why the market should have orders around
--
--370
--00:23:52,230 ~-~-> 00:23:55,410
--specific levels. So regardless of what style of trading
--
--371
--00:23:55,410 ~-~-> 00:23:58,350
--you're going to be, I'm teaching predominantly scalping now
--
--372
--00:23:58,740 ~-~-> 00:24:01,530
--because it gives you the ability To go in and do a lot of
--
--373
--00:24:01,530 ~-~-> 00:24:04,800
--research, a lot of examples, and the things that you learn
--
--374
--00:24:04,800 ~-~-> 00:24:07,590
--in price action on scouting will be beneficial for you. And
--
--375
--00:24:07,590 ~-~-> 00:24:11,460
--all of the types of trading you can do. So, in summary,
--
--376
--00:24:12,060 ~-~-> 00:24:14,610
--okay, and then we get to the nuts and bolts on closest
--
--377
--00:24:14,610 ~-~-> 00:24:19,320
--video, we have the 00 level, big figure, the 50 level and in
--
--378
--00:24:19,320 ~-~-> 00:24:24,000
--between that we have 50 and 00. What was the level I told
--
--379
--00:24:24,000 ~-~-> 00:24:31,650
--you to watch? The 20 level. Okay, so we want to have our
--
--380
--00:24:31,650 ~-~-> 00:24:41,700
--level at 1620 and the other one would be 16 ad. And that's
--
--381
--00:24:41,700 ~-~-> 00:24:47,640
--here. Okay. And the next will be 17 00. Okay. So that way,
--
--382
--00:24:47,670 ~-~-> 00:24:49,680
--guess what, we've already done all of our work for support
--
--383
--00:24:49,680 ~-~-> 00:24:56,340
--resistance. But it's that easy. Yes. It's not easy, because
--
--384
--00:24:56,580 ~-~-> 00:25:00,360
--my interpretation of price action is I know what Banks are
--
--385
--00:25:00,360 ~-~-> 00:25:02,490
--going to do I know what large institutions are going to do.
--
--386
--00:25:02,910 ~-~-> 00:25:05,340
--Because you can see it yourself going to charts and pull the
--
--387
--00:25:05,340 ~-~-> 00:25:08,610
--same levels up and go back over price action. You'll see it
--
--388
--00:25:08,610 ~-~-> 00:25:13,500
--there. Okay, I gave you an example of earlier, excuse me the
--
--389
--00:25:14,940 ~-~-> 00:25:16,830
--example earlier where it didn't really give me the apple
--
--390
--00:25:16,830 ~-~-> 00:25:24,210
--trade optimal trade entry. Let's do this. Alright, so if we
--
--391
--00:25:24,210 ~-~-> 00:25:27,840
--have that range here, and I know it doesn't qualify for the
--
--392
--00:25:27,840 ~-~-> 00:25:31,050
--setup, but I want you to see this is the reaction you get
--
--393
--00:25:31,050 ~-~-> 00:25:34,230
--off of it. But look how the lookout forms around the big
--
--394
--00:25:34,230 ~-~-> 00:25:38,280
--figure. And then later on this same price action here, I
--
--395
--00:25:38,280 ~-~-> 00:25:40,650
--told you about the optimal trade entry example here
--
--396
--00:25:40,650 ~-~-> 00:25:44,820
--yesterday, look where it occurs on the big figure 16. Now
--
--397
--00:25:44,820 ~-~-> 00:25:48,270
--that's not a coincidence. That's just the way it works. And
--
--398
--00:25:48,270 ~-~-> 00:25:51,030
--what about up here?
--
--399
--00:25:56,880 ~-~-> 00:25:58,980
--Isn't that an optimal trade entry? I gave you the daily high
--
--400
--00:25:58,980 ~-~-> 00:26:05,910
--yesterday. Look at the opportunity to tier highest body open
--
--401
--00:26:05,910 ~-~-> 00:26:10,800
--or close down to the lowest body open or close. Perfect 279.
--
--402
--00:26:11,100 ~-~-> 00:26:14,130
--Yes, I'm tracing level cells off. And then here's another
--
--403
--00:26:14,130 ~-~-> 00:26:19,800
--one smaller one sells off. There you go symmetrical price
--
--404
--00:26:19,800 ~-~-> 00:26:23,790
--swing. So I gave you real institutional support resistance.
--
--405
--00:26:24,660 ~-~-> 00:26:27,540
--I told you how to find the optimal trade entries on a scalp.
--
--406
--00:26:29,100 ~-~-> 00:26:31,860
--They set up easy. You're not scratching your head looking at
--
--407
--00:26:31,860 ~-~-> 00:26:35,040
--the chart saying, good grief. What support resistance do I
--
--408
--00:26:35,040 ~-~-> 00:26:39,210
--use? What supply and demand zone do I use? What you know?
--
--409
--00:26:40,470 ~-~-> 00:26:44,580
--I'm being facetious now, but I want you to know that the
--
--410
--00:26:44,580 ~-~-> 00:26:48,780
--folks that try to teach you these things, okay. In terms of
--
--411
--00:26:48,780 ~-~-> 00:26:52,380
--technical analysis, they have for the most part at zero
--
--412
--00:26:52,380 ~-~-> 00:26:55,470
--understanding of what goes on in institutional basis. Okay.
--
--413
--00:26:56,190 ~-~-> 00:27:00,000
--support resistance are based on orders. They're not based on
--
--414
--00:27:00,000 ~-~-> 00:27:03,750
--Anything other than that. So without having an understanding
--
--415
--00:27:03,750 ~-~-> 00:27:06,330
--of why price is going to move and gyrate around specific
--
--416
--00:27:06,330 ~-~-> 00:27:09,210
--levels, you're going to be losing money, you're going to
--
--417
--00:27:09,210 ~-~-> 00:27:10,920
--hemorrhage money, and then you're going to go into this
--
--418
--00:27:10,920 ~-~-> 00:27:15,510
--cycle where looking for things, and having no understanding
--
--419
--00:27:15,510 ~-~-> 00:27:18,240
--or definition of what it is you're looking for. It's gonna
--
--420
--00:27:18,240 ~-~-> 00:27:22,500
--frustrate you. And the human characteristic in us is going
--
--421
--00:27:22,500 ~-~-> 00:27:25,590
--to be, well, what I just did didn't work. So I need to do it
--
--422
--00:27:25,590 ~-~-> 00:27:29,400
--harder, immediately. Because I need to have the reaction I
--
--423
--00:27:29,400 ~-~-> 00:27:33,150
--want and then trading, that is the death sentence for you.
--
--424
--00:27:34,080 ~-~-> 00:27:36,600
--You need to stop and just be patient. What are you waiting
--
--425
--00:27:36,600 ~-~-> 00:27:39,120
--for? You're waiting for one of these levels to trade. And
--
--426
--00:27:39,120 ~-~-> 00:27:41,640
--this is when I say these are institutional price levels.
--
--427
--00:27:42,000 ~-~-> 00:27:49,440
--Okay. I get jeered and prodded by folks that unconvinced
--
--428
--00:27:49,440 ~-~-> 00:27:52,710
--that they use my stuff and don't want to admit to it, but
--
--429
--00:27:52,710 ~-~-> 00:27:55,380
--they hate the fact that I can draw up attention real quick,
--
--430
--00:27:55,710 ~-~-> 00:27:59,130
--and I can teach right away something that's applicable and
--
--431
--00:27:59,130 ~-~-> 00:28:01,620
--some of them either aspiring to start their own company or
--
--432
--00:28:01,620 ~-~-> 00:28:04,170
--start their own signal service or own business. And the best
--
--433
--00:28:04,170 ~-~-> 00:28:08,070
--way to do their business is to try to tear me down. Because
--
--434
--00:28:08,070 ~-~-> 00:28:11,820
--I was the guy on the internet for years doing for free. Now,
--
--435
--00:28:11,820 ~-~-> 00:28:13,830
--I still am doing this for free. You didn't pay anything to
--
--436
--00:28:13,830 ~-~-> 00:28:16,410
--learn this. But right now what I've already given you in the
--
--437
--00:28:16,410 ~-~-> 00:28:21,750
--YouTube videos I've already given you in my forum. I've
--
--438
--00:28:21,750 ~-~-> 00:28:28,410
--given you in old tutorials. And now with just this, you have
--
--439
--00:28:28,410 ~-~-> 00:28:34,530
--no reason to subscribe to any subscriber base programs, not
--
--440
--00:28:34,530 ~-~-> 00:28:37,800
--even to mine. Okay, now think about this. Think about what I
--
--441
--00:28:37,800 ~-~-> 00:28:41,550
--just did. Okay? If I'm in this to make money and panhandle
--
--442
--00:28:41,550 ~-~-> 00:28:45,120
--off anyone, why on Why the hell would I just give you
--
--443
--00:28:45,180 ~-~-> 00:28:49,320
--something that you would never ever ever need to pay me or
--
--444
--00:28:49,320 ~-~-> 00:28:52,230
--anyone else for again, what kind of business model is that?
--
--445
--00:28:53,220 ~-~-> 00:28:55,650
--It's the same business model I use when I first started. I
--
--446
--00:28:55,650 ~-~-> 00:28:58,680
--gave all this stuff out for free, because I'm already rich.
--
--447
--00:28:58,830 ~-~-> 00:29:02,460
--I don't need anybody's money. Okay, I enjoy doing this. But
--
--448
--00:29:02,460 ~-~-> 00:29:05,250
--there's certain things I'm not going to teach publicly. I'm
--
--449
--00:29:05,250 ~-~-> 00:29:09,120
--just not going to do it. Do you need anything beyond this?
--
--450
--00:29:09,210 ~-~-> 00:29:13,680
--No. Because what is it done? It tells you where the setups
--
--451
--00:29:13,710 ~-~-> 00:29:17,790
--occur. Wait a minute. It's just that easy. It's absolutely
--
--452
--00:29:17,790 ~-~-> 00:29:20,460
--just that easy. You have these levels on your chart and I
--
--453
--00:29:20,460 ~-~-> 00:29:22,740
--don't care about what pair it is you're trading. This works
--
--454
--00:29:22,740 ~-~-> 00:29:25,680
--on the British pound. It works on the Canadian dollar. It
--
--455
--00:29:25,680 ~-~-> 00:29:29,490
--works on Bitcoin, try it on that I don't trade it. Okay. But
--
--456
--00:29:29,730 ~-~-> 00:29:33,090
--for feedback, I know that my people trade Bitcoin, do it on
--
--457
--00:29:33,090 ~-~-> 00:29:37,080
--Bitcoin and just see if it doesn't work on Bitcoin. I'm
--
--458
--00:29:37,080 ~-~-> 00:29:38,970
--interested to know because I don't really track that asset
--
--459
--00:29:38,970 ~-~-> 00:29:42,090
--class. But everything out there, it works on commodities, it
--
--460
--00:29:42,090 ~-~-> 00:29:47,760
--works on the bond. It works on. Stocks, it works on
--
--461
--00:29:47,820 ~-~-> 00:29:53,280
--everything, because it's the same mo the people that run
--
--462
--00:29:53,490 ~-~-> 00:29:58,680
--these markets, they use the same business model. It's all
--
--463
--00:29:58,680 ~-~-> 00:30:02,250
--the same thing. Accumulation distribution and manipulation,
--
--464
--00:30:02,370 ~-~-> 00:30:04,650
--those three things, there's three components, you need to
--
--465
--00:30:04,650 ~-~-> 00:30:07,740
--know what it is that the cycle is in right now. And it
--
--466
--00:30:07,740 ~-~-> 00:30:11,430
--sounds complicated, sounds mysterious. And I made my
--
--467
--00:30:11,550 ~-~-> 00:30:14,070
--presentations like that to draw everyone's attention.
--
--468
--00:30:15,509 ~-~-> 00:30:18,209
--I'm trying not to do that now. And I'm going right to the
--
--469
--00:30:18,209 ~-~-> 00:30:21,299
--core of what it is that you should be focusing on because it
--
--470
--00:30:21,299 ~-~-> 00:30:23,819
--created a lot of work for me in terms of emails. I got
--
--471
--00:30:23,819 ~-~-> 00:30:26,159
--frustrated over the years and said, you know what he's just
--
--472
--00:30:26,159 ~-~-> 00:30:29,399
--saying repeating questions. If I ever do this again, and I
--
--473
--00:30:30,029 ~-~-> 00:30:33,719
--just recently started coming back and providing content. I
--
--474
--00:30:33,719 ~-~-> 00:30:37,319
--want it to be concise. I want it to be user friendly right
--
--475
--00:30:37,319 ~-~-> 00:30:42,089
--away, and it leaves very little in terms of guessing about
--
--476
--00:30:42,089 ~-~-> 00:30:47,879
--what else alluding to. So in summary, I want you to pick one
--
--477
--00:30:47,879 ~-~-> 00:30:53,219
--pair. I just used the euro dollar here today, okay. And if
--
--478
--00:30:53,219 ~-~-> 00:30:57,689
--we use one pair, we want to have our levels arrived at so
--
--479
--00:30:57,689 ~-~-> 00:31:01,589
--our support resistance levels are going to be what 00 level
--
--480
--00:31:01,859 ~-~-> 00:31:07,079
--two at level 220 level and the mid figure 50. Okay, they are
--
--481
--00:31:07,079 ~-~-> 00:31:10,739
--your support resistance levels. Do not concern yourself with
--
--482
--00:31:10,739 ~-~-> 00:31:13,649
--anything else for right now, I promise you, if you watch
--
--483
--00:31:13,649 ~-~-> 00:31:17,369
--over the course of a week, you'll see one good setup. And
--
--484
--00:31:17,369 ~-~-> 00:31:20,309
--that's all I want you focusing on right now, do not try to
--
--485
--00:31:20,309 ~-~-> 00:31:23,549
--do everyday trading. I've been doing this for a long, long
--
--486
--00:31:23,549 ~-~-> 00:31:29,579
--time. In March, I'll be 25 years doing it. So my ability to
--
--487
--00:31:29,579 ~-~-> 00:31:33,599
--do it is completely going to be well above what you're able
--
--488
--00:31:33,599 ~-~-> 00:31:36,359
--to do for starting. So don't compare that or contrast that
--
--489
--00:31:36,359 ~-~-> 00:31:39,449
--just because an instructor can do it. And he taught you or
--
--490
--00:31:39,449 ~-~-> 00:31:41,699
--she taught you doesn't mean that you're gonna be able to
--
--491
--00:31:41,699 ~-~-> 00:31:43,949
--walk out and do the same thing the first day or the first
--
--492
--00:31:43,949 ~-~-> 00:31:47,069
--year, it ain't gonna happen. So you have to grow into that.
--
--493
--00:31:47,489 ~-~-> 00:31:50,549
--So we have support resistance levels determined and also
--
--494
--00:31:50,549 ~-~-> 00:31:53,879
--gave you previous highs and previous lows. So there's your
--
--495
--00:31:53,879 ~-~-> 00:31:58,589
--targets, okay, so you know, a levels gonna set up around one
--
--496
--00:31:58,589 ~-~-> 00:32:01,949
--of these levels here. And what's the setup optimal trade
--
--497
--00:32:01,949 ~-~-> 00:32:07,349
--entry? You're waiting for a scenario where this retracement
--
--498
--00:32:07,349 ~-~-> 00:32:11,369
--idea occurs. Sometimes it will be right on the level and hit
--
--499
--00:32:11,369 ~-~-> 00:32:14,369
--it. Sometimes it won't. Sometimes it will go through it
--
--500
--00:32:14,369 ~-~-> 00:32:17,249
--again, you're generally looking for this pattern optimal
--
--501
--00:32:17,249 ~-~-> 00:32:22,499
--trade entry around 800 level a 50 level, a 20, or an 80. And
--
--502
--00:32:22,499 ~-~-> 00:32:26,549
--I promise you, I guaran damn tee you if you go through your
--
--503
--00:32:26,549 ~-~-> 00:32:29,459
--charts, you're gonna see a plethora of these examples. Now,
--
--504
--00:32:29,459 ~-~-> 00:32:33,179
--I don't want you again, trying to do this every single day,
--
--505
--00:32:33,599 ~-~-> 00:32:36,329
--because I've taught that you can double your money every
--
--506
--00:32:36,329 ~-~-> 00:32:40,919
--single year with just less than 25 pips 23 pips a week, a 2%
--
--507
--00:32:40,919 ~-~-> 00:32:44,099
--risk if you know what you're doing. It doubles your money
--
--508
--00:32:44,129 ~-~-> 00:32:46,829
--every single year, you start with $1,000 and 10 years,
--
--509
--00:32:47,549 ~-~-> 00:32:50,729
--that's a million dollars. Now it doesn't quote, equate to
--
--510
--00:32:51,509 ~-~-> 00:32:55,379
--taxation and such but it doesn't take very much to do very
--
--511
--00:32:55,379 ~-~-> 00:32:58,229
--well. And that's my point. Every one of you that are
--
--512
--00:32:58,229 ~-~-> 00:33:00,509
--starting right now. That's where you should be. Living.
--
--513
--00:33:00,779 ~-~-> 00:33:02,699
--That's your neighborhood right now you're not trying to get
--
--514
--00:33:02,699 ~-~-> 00:33:06,059
--to the Beverly Hills, okay, you got to start somewhere. I
--
--515
--00:33:06,059 ~-~-> 00:33:09,839
--started somewhere small. And believe me, it did not take
--
--516
--00:33:09,839 ~-~-> 00:33:13,289
--long to get very good at this and to be able to find setups
--
--517
--00:33:13,289 ~-~-> 00:33:18,479
--consistently, very, very consistently. So we have one pair,
--
--518
--00:33:19,679 ~-~-> 00:33:22,529
--we're gonna put our institutional levels here. That's our
--
--519
--00:33:22,529 ~-~-> 00:33:25,019
--our support resistance ideas, our patterns, optimal trade
--
--520
--00:33:25,019 ~-~-> 00:33:29,819
--entry. What's our daily bias already taught you that what's
--
--521
--00:33:29,819 ~-~-> 00:33:32,309
--going on on a daily chart? Did it create a swing high or
--
--522
--00:33:32,309 ~-~-> 00:33:34,679
--swing low, if it's a swing low, we're going to continue to
--
--523
--00:33:34,679 ~-~-> 00:33:37,319
--look for the previous day's high to be taken out. If it's a
--
--524
--00:33:37,319 ~-~-> 00:33:40,349
--swing high. We're looking for the previous day's low to be
--
--525
--00:33:40,349 ~-~-> 00:33:43,259
--taken out. There's our bias. And you're going to wait for
--
--526
--00:33:43,259 ~-~-> 00:33:45,809
--these setups to occur at these institutional price levels.
--
--527
--00:33:46,049 ~-~-> 00:33:50,129
--Now what I just gave you will never ever, ever, ever, ever
--
--528
--00:33:50,159 ~-~-> 00:33:53,369
--stop working. Because if I ever felt that you never would
--
--529
--00:33:53,369 ~-~-> 00:33:57,119
--have met me I never would have taught it to you. This is how
--
--530
--00:33:57,119 ~-~-> 00:34:01,319
--the casino runs. The casino is tomorrow. They're not going
--
--531
--00:34:01,319 ~-~-> 00:34:03,809
--to change how they're doing it because Michael Huddleston
--
--532
--00:34:03,809 ~-~-> 00:34:07,169
--from Baltimore, Maryland, made some videos on YouTube. And I
--
--533
--00:34:07,169 ~-~-> 00:34:10,289
--don't care how many people subscribe to it. It's never going
--
--534
--00:34:10,289 ~-~-> 00:34:14,219
--to start working because there's always new suckers. The
--
--535
--00:34:14,219 ~-~-> 00:34:19,589
--market will always draw in a new pound of flesh. And I don't
--
--536
--00:34:19,589 ~-~-> 00:34:21,959
--care about trying to be right every single trading day.
--
--537
--00:34:22,349 ~-~-> 00:34:27,179
--That's not my concern. Yesterday, I had fiber dialed in, and
--
--538
--00:34:27,179 ~-~-> 00:34:32,129
--I did not trade it. Do I regret it? No. Am I gonna not be
--
--539
--00:34:32,129 ~-~-> 00:34:35,069
--able to eat because of it? No. Am I gonna lose sleep over
--
--540
--00:34:35,069 ~-~-> 00:34:35,549
--it? No.
--
--541
--00:34:36,990 ~-~-> 00:34:40,620
--I am indifferent to whether I take a trade or not take a
--
--542
--00:34:40,620 ~-~-> 00:34:44,400
--trade because I don't care anymore. I'm satisfied that I
--
--543
--00:34:44,400 ~-~-> 00:34:47,310
--know if I sit down. I'll find a setup. That's what you need
--
--544
--00:34:47,310 ~-~-> 00:34:50,880
--to graduate into. But you will not get that. If you go and
--
--545
--00:34:50,880 ~-~-> 00:34:54,090
--seeking a setup every single trading day because you're
--
--546
--00:34:54,090 ~-~-> 00:34:58,800
--teaching yourself to get stimulated and rewarded. The
--
--547
--00:34:58,800 ~-~-> 00:35:02,400
--problem is that reward won't come in a positive return. The
--
--548
--00:35:02,400 ~-~-> 00:35:05,370
--reward sometimes is going to be experienced always. But that
--
--549
--00:35:05,370 ~-~-> 00:35:08,730
--experience may be against what you thought would be, you
--
--550
--00:35:08,730 ~-~-> 00:35:11,850
--know where it's a loss. And that's learning. That's where
--
--551
--00:35:11,850 ~-~-> 00:35:14,520
--you grow. You're going to try to avoid that. And I'm going
--
--552
--00:35:14,520 ~-~-> 00:35:18,090
--to tell I'm telling you invite that to occur. You want that
--
--553
--00:35:18,090 ~-~-> 00:35:20,910
--to happen. That's why you're in a demo, you want to learn
--
--554
--00:35:21,000 ~-~-> 00:35:25,080
--how to absorb that tendency to be wrong, and see how quickly
--
--555
--00:35:25,080 ~-~-> 00:35:28,230
--it is to recover, recuperate and come back from that loss.
--
--556
--00:35:28,350 ~-~-> 00:35:31,740
--Because the next series of setups that will come I'm not
--
--557
--00:35:31,740 ~-~-> 00:35:33,960
--afraid of my setups failing I'm not afraid of my setups
--
--558
--00:35:33,960 ~-~-> 00:35:37,140
--never coming again, or the frequency the die off, they're
--
--559
--00:35:37,140 ~-~-> 00:35:39,900
--always going to be these setups will always be there in the
--
--560
--00:35:39,900 ~-~-> 00:35:43,110
--summertime, they're always there. In the shittiest times of
--
--561
--00:35:43,110 ~-~-> 00:35:46,260
--the marketplace, these are always there. Because there's
--
--562
--00:35:46,290 ~-~-> 00:35:50,970
--orders always stacked around these levels, just above, at or
--
--563
--00:35:50,970 ~-~-> 00:35:55,950
--just below in these big levels of 5020 and large double zero
--
--564
--00:35:55,950 ~-~-> 00:35:59,610
--levels, orders or movement, push price around orders by
--
--565
--00:35:59,610 ~-~-> 00:36:03,330
--largest institutions, insurance companies, larger banks,
--
--566
--00:36:03,480 ~-~-> 00:36:05,760
--okay, large corporations, like for instance, say, you know,
--
--567
--00:36:05,760 ~-~-> 00:36:10,140
--apple, they want to do business in China, they got it, they
--
--568
--00:36:10,140 ~-~-> 00:36:13,200
--got to make a transition from the dollar to the Chinese
--
--569
--00:36:13,200 ~-~-> 00:36:16,860
--currency. Well, that's forex. And that's what goes on that
--
--570
--00:36:16,920 ~-~-> 00:36:22,440
--there has to be an exchange that creates gyrations around
--
--571
--00:36:22,440 ~-~-> 00:36:26,310
--specific price levels. So if Apple puts in a request to
--
--572
--00:36:27,270 ~-~-> 00:36:30,930
--convert $2 billion worth of dollars into Chinese currency,
--
--573
--00:36:30,930 ~-~-> 00:36:33,990
--or you could be the British pound, they want to do business
--
--574
--00:36:33,990 ~-~-> 00:36:39,810
--in the UK even do something that is going to be a large
--
--575
--00:36:40,170 ~-~-> 00:36:45,030
--inflow of orders that a bank can use, and they'll take that
--
--576
--00:36:45,150 ~-~-> 00:36:48,870
--request that convert dollars into British pound or Chinese
--
--577
--00:36:48,870 ~-~-> 00:36:50,700
--currency or whatever it is that they're trying to do. I'm
--
--578
--00:36:50,700 ~-~-> 00:36:54,060
--just giving an example on a global commerce basis. They'll
--
--579
--00:36:54,060 ~-~-> 00:36:56,970
--use that and I'll frame it around one of these levels unless
--
--580
--00:36:56,970 ~-~-> 00:37:00,810
--the customer demands a specific range of what they're
--
--581
--00:37:00,810 ~-~-> 00:37:04,320
--willing to convert. And sometimes that curves and sometimes
--
--582
--00:37:04,320 ~-~-> 00:37:07,530
--it's not they want it done expediently, well, then it goes
--
--583
--00:37:07,710 ~-~-> 00:37:11,640
--in the favor of the bank that does the conversion. But I'm
--
--584
--00:37:11,640 ~-~-> 00:37:13,950
--not here to teach you all that stuff. It's not necessary.
--
--585
--00:37:13,950 ~-~-> 00:37:16,440
--But I'm just telling you, there's a Reimann reason why this
--
--586
--00:37:16,440 ~-~-> 00:37:19,440
--stuff works. It's not simply because it worked perfectly in
--
--587
--00:37:19,440 ~-~-> 00:37:22,140
--hindsight, and I showed you examples of it. I want you to
--
--588
--00:37:22,140 ~-~-> 00:37:25,560
--take this vignette today and prove to yourself, I'm already
--
--589
--00:37:25,560 ~-~-> 00:37:28,110
--convinced of it. Okay, you're not going to convince me of it
--
--590
--00:37:28,350 ~-~-> 00:37:32,340
--already know. But you as the student, you need to know that
--
--591
--00:37:32,340 ~-~-> 00:37:35,250
--there's no reason for you to rush, having these levels on
--
--592
--00:37:35,250 ~-~-> 00:37:38,430
--your chart, using the daily bias concept I've already taught
--
--593
--00:37:38,430 ~-~-> 00:37:42,150
--you. And also what the optimal trade entry pattern is the
--
--594
--00:37:42,150 ~-~-> 00:37:44,340
--Fibonacci I keep getting asked that question. What's these
--
--595
--00:37:44,340 ~-~-> 00:37:47,310
--levels? How do I get that on my fed, go into the optimal
--
--596
--00:37:47,310 ~-~-> 00:37:49,680
--trade entry primer video, it's on the YouTube channel, and
--
--597
--00:37:49,680 ~-~-> 00:37:52,680
--it'll teach you that whole business has set it off about
--
--598
--00:37:52,710 ~-~-> 00:37:59,010
--exactly how I have it here. Now. In future teachings, I'm
--
--599
--00:37:59,010 ~-~-> 00:38:02,850
--going to help you get To the point of knowing where your
--
--600
--00:38:02,850 ~-~-> 00:38:06,600
--target is, where your entry is, and how to use that in terms
--
--601
--00:38:06,600 ~-~-> 00:38:09,240
--of your money management. And I think that will really
--
--602
--00:38:09,240 ~-~-> 00:38:12,480
--summarize the whole thing in terms of the complete trading
--
--603
--00:38:12,480 ~-~-> 00:38:16,230
--patterns system and you won't need anything else. Now, I'm
--
--604
--00:38:16,230 ~-~-> 00:38:19,080
--encouraging you to study the tutorials that I've made over
--
--605
--00:38:19,080 ~-~-> 00:38:22,950
--the years. But you don't need to be at a feverish pace going
--
--606
--00:38:22,950 ~-~-> 00:38:25,050
--through them. I know you're all thinking that they're all
--
--607
--00:38:25,050 ~-~-> 00:38:27,660
--going to disappear again. But what I'm doing is I'm actually
--
--608
--00:38:27,690 ~-~-> 00:38:31,830
--going into them and removing certain songs. I'm removing
--
--609
--00:38:31,830 ~-~-> 00:38:37,020
--certain comments I made about a particular form that I
--
--610
--00:38:37,020 ~-~-> 00:38:38,910
--believe is toxic and it's not baby pips.
--
--611
--00:38:40,530 ~-~-> 00:38:44,430
--And I just want to keep the presentation as clean as I
--
--612
--00:38:44,430 ~-~-> 00:38:47,580
--possibly can. And I am monetizing them. I'm putting them on
--
--613
--00:38:47,580 ~-~-> 00:38:51,090
--my YouTube channel. So I'm also including certain things and
--
--614
--00:38:51,090 ~-~-> 00:38:54,480
--encouraging folks that if they see my videos being uploaded
--
--615
--00:38:54,480 ~-~-> 00:38:57,780
--by anyone else, I usually get flagged, and then someone else
--
--616
--00:38:58,530 ~-~-> 00:39:03,240
--will tell me or that I add in my videos, I pay for a service
--
--617
--00:39:03,420 ~-~-> 00:39:06,090
--that show me where my videos are being posted or re
--
--618
--00:39:06,090 ~-~-> 00:39:10,170
--uploaded, I get a lot of flags about Google drives, I get
--
--619
--00:39:10,170 ~-~-> 00:39:12,180
--that like, on a weekly basis, a lot of people have it in
--
--620
--00:39:12,180 ~-~-> 00:39:16,410
--their Google Drive. Sometimes, you know, I'll reach out and
--
--621
--00:39:16,410 ~-~-> 00:39:18,810
--try to touch them and say, looking at Can you not do that.
--
--622
--00:39:18,840 ~-~-> 00:39:21,240
--And some, most of them are all set to like private, where
--
--623
--00:39:21,240 ~-~-> 00:39:24,480
--people aren't publicly sharing it. But I, if I've created
--
--624
--00:39:24,480 ~-~-> 00:39:28,140
--the video, and I did all the work, okay, I should get the
--
--625
--00:39:28,260 ~-~-> 00:39:31,020
--perks of it. And the folks that tried to put my videos up in
--
--626
--00:39:31,020 ~-~-> 00:39:34,020
--the past, when YouTube they're trying to monetize it. And
--
--627
--00:39:34,020 ~-~-> 00:39:36,210
--they learned it by having songs in it wasn't able to
--
--628
--00:39:36,210 ~-~-> 00:39:39,720
--monetize it. So now I'm removing songs that allows me to
--
--629
--00:39:39,720 ~-~-> 00:39:43,200
--monetize my own work. But I don't want other people doing
--
--630
--00:39:43,200 ~-~-> 00:39:45,510
--that. And I'll come after those individuals and have them
--
--631
--00:39:45,510 ~-~-> 00:39:48,390
--take it down off of YouTube. So and plus it, like I said, I
--
--632
--00:39:48,390 ~-~-> 00:39:52,140
--pay for a service to do that. And for me to cover the cost
--
--633
--00:39:52,140 ~-~-> 00:39:54,390
--on that. The monetization, I could tell you right now, I'm
--
--634
--00:39:54,390 ~-~-> 00:39:56,370
--not making a lot of money on youtube off of these videos,
--
--635
--00:39:56,370 ~-~-> 00:40:00,000
--but it does help pay for costs of doing things like this.
--
--636
--00:40:00,810 ~-~-> 00:40:04,590
--doing live sessions and the resources that I'm going to make
--
--637
--00:40:04,590 ~-~-> 00:40:07,890
--available to you, all that stuff cost me money, I put about
--
--638
--00:40:07,890 ~-~-> 00:40:12,210
--$15,000 into all those previous teachings that you guys just
--
--639
--00:40:12,210 ~-~-> 00:40:15,960
--watch for free. And you don't really consider that when
--
--640
--00:40:15,960 ~-~-> 00:40:18,690
--you're looking at it. But for years, I paid a lot of money.
--
--641
--00:40:19,290 ~-~-> 00:40:23,280
--And I like teaching. But at some point, if I'm gonna
--
--642
--00:40:23,280 ~-~-> 00:40:26,250
--continue until I don't want to do this anymore, it's got to
--
--643
--00:40:26,250 ~-~-> 00:40:32,550
--be some kind of cost deferment on the basis that if you're
--
--644
--00:40:32,550 ~-~-> 00:40:35,460
--consuming it, and you find value in it, great, you know,
--
--645
--00:40:35,460 ~-~-> 00:40:38,460
--support the videos by watching YouTube. And you know, if you
--
--646
--00:40:38,460 ~-~-> 00:40:40,410
--have ad blocker on it, I'm not going to get any revenue off
--
--647
--00:40:40,410 ~-~-> 00:40:44,730
--of that. But if you if you have an ad blocker, I'm not going
--
--648
--00:40:44,730 ~-~-> 00:40:46,770
--to get that. But in my forum, I'm just letting you know,
--
--649
--00:40:46,800 ~-~-> 00:40:49,770
--it's a free forum. But there will be ads in that it's going
--
--650
--00:40:49,770 ~-~-> 00:40:53,610
--to be Google AdSense. So I'm not going to add subscriber
--
--651
--00:40:53,610 ~-~-> 00:40:56,970
--base membership to it. It'll all be ad supported. And my
--
--652
--00:40:58,110 ~-~-> 00:41:03,120
--assumptions are with about five hundred thousand views in my
--
--653
--00:41:03,150 ~-~-> 00:41:09,060
--regular mentorship group per month and only got 664 members
--
--654
--00:41:09,060 ~-~-> 00:41:11,580
--that have made all the way through, I get about half a
--
--655
--00:41:11,580 ~-~-> 00:41:16,170
--million views of traffic in my mentorship forum. So I know I
--
--656
--00:41:16,170 ~-~-> 00:41:19,620
--could probably get about two, two and a half million views.
--
--657
--00:41:19,620 ~-~-> 00:41:22,740
--That's my projection on my free membership forum. And
--
--658
--00:41:22,740 ~-~-> 00:41:25,110
--that'll support a lot of things. I don't have to charge you
--
--659
--00:41:25,110 ~-~-> 00:41:28,410
--anything. They'll support also the cost of me running my
--
--660
--00:41:28,410 ~-~-> 00:41:30,720
--mentorship forum as well because that costs money as well.
--
--661
--00:41:31,080 ~-~-> 00:41:36,240
--So I'm being completely transparent as best I can. That way
--
--662
--00:41:36,240 ~-~-> 00:41:39,540
--I hopefully can avoid a lot of the stupid stuff that comes
--
--663
--00:41:39,540 ~-~-> 00:41:43,260
--by way of Twitter and email. But you've been given a really
--
--664
--00:41:43,260 ~-~-> 00:41:46,380
--good foundation today in terms of what levels you're looking
--
--665
--00:41:46,380 ~-~-> 00:41:50,190
--for, why you're looking for them, where the setups, how the
--
--666
--00:41:50,190 ~-~-> 00:41:52,590
--setup looks sometimes around that level, and I given you
--
--667
--00:41:52,590 ~-~-> 00:41:55,530
--just a small sampling here, your homework has to go through
--
--668
--00:41:55,560 ~-~-> 00:42:00,000
--your particular pair and I encourage you to not use your
--
--669
--00:42:00,000 ~-~-> 00:42:03,330
--Dollar, because I did it and I don't want you mimicking me
--
--670
--00:42:03,870 ~-~-> 00:42:06,420
--think independently, you might want to do something else
--
--671
--00:42:06,420 ~-~-> 00:42:10,170
--like the Aussie dollar or Kiwi dollar. Pick one, it could be
--
--672
--00:42:10,170 ~-~-> 00:42:13,920
--the the beast. Okay, pound yen, it still works there too.
--
--673
--00:42:15,210 ~-~-> 00:42:18,120
--But wait for one of these levels to be traded to, and then
--
--674
--00:42:18,120 ~-~-> 00:42:19,770
--wait for that daily bias
--
--675
--00:42:20,700 ~-~-> 00:42:24,660
--to come in and then target daily highs and daily lows for
--
--676
--00:42:24,690 ~-~-> 00:42:27,570
--runs on liquidity. And you have a complete system. The only
--
--677
--00:42:27,570 ~-~-> 00:42:30,120
--thing you're missing right now and lacking is what you do
--
--678
--00:42:30,120 ~-~-> 00:42:32,280
--with your account. How much of your risk, where's your stop
--
--679
--00:42:32,280 ~-~-> 00:42:35,430
--loss? And the question I'm getting now is how much do I take
--
--680
--00:42:35,430 ~-~-> 00:42:38,250
--off at these targets? And that's going to be completely up
--
--681
--00:42:38,250 ~-~-> 00:42:41,610
--to you. I don't ever give that in my mentorship and believe
--
--682
--00:42:41,610 ~-~-> 00:42:45,450
--me if they were all invited to answer this on Twitter, they
--
--683
--00:42:45,450 ~-~-> 00:42:48,450
--would all tell you, I tell them the same thing and they paid
--
--684
--00:42:48,450 ~-~-> 00:42:52,230
--for this insight at these levels in here. It's completely up
--
--685
--00:42:52,230 ~-~-> 00:42:56,220
--to you because it's your trade. A mine is never the same way
--
--686
--00:42:56,220 ~-~-> 00:42:59,310
--always. I don't always say I'm gonna take 30% off here and
--
--687
--00:42:59,310 ~-~-> 00:43:03,780
--50% here. I just go by what I see in the chart. And if I
--
--688
--00:43:03,780 ~-~-> 00:43:06,720
--feel that the continuation is most likely going to occur,
--
--689
--00:43:07,230 ~-~-> 00:43:10,830
--then I will leave a larger portion on. If I am in doubt
--
--690
--00:43:10,830 ~-~-> 00:43:14,010
--about the continuation to the next target to or symmetrical
--
--691
--00:43:14,010 ~-~-> 00:43:17,880
--price swing, then I'll take a larger degree at first profit,
--
--692
--00:43:18,090 ~-~-> 00:43:20,640
--and then leave a smaller portion and then I'll split that in
--
--693
--00:43:20,640 ~-~-> 00:43:25,560
--half at the next logical level. As you see in my examples, I
--
--694
--00:43:25,560 ~-~-> 00:43:28,950
--very rarely have a large position on at the end of the
--
--695
--00:43:28,950 ~-~-> 00:43:31,710
--trade. And I'm never really holding to the last point and
--
--696
--00:43:31,710 ~-~-> 00:43:35,190
--that's my final point in this if you know that this is
--
--697
--00:43:35,190 ~-~-> 00:43:39,300
--likely the high. Okay, and I'll give you tools that will
--
--698
--00:43:39,300 ~-~-> 00:43:42,990
--help you do that in the tutorials. If this is your objective
--
--699
--00:43:42,990 ~-~-> 00:43:47,550
--on a daily Hi, my personal conviction over the last two
--
--700
--00:43:47,550 ~-~-> 00:43:51,960
--decades and trading is what I gleaned from my mentor Larry
--
--701
--00:43:51,960 ~-~-> 00:43:54,000
--Williams. Now he didn't sit down with me on a day by day
--
--702
--00:43:54,000 ~-~-> 00:43:57,210
--basis. I'd never met him. I never shook his hand. But I
--
--703
--00:43:57,210 ~-~-> 00:43:59,490
--researched everything about everything the man ever did.
--
--704
--00:43:59,640 ~-~-> 00:44:02,760
--Okay. Just like my students say they hear my voice in their
--
--705
--00:44:02,760 ~-~-> 00:44:05,370
--head, I still hear Larry's voice in mind. And sometimes I'm
--
--706
--00:44:05,370 ~-~-> 00:44:07,410
--telling him to shut up because some of the things he taught,
--
--707
--00:44:08,130 ~-~-> 00:44:11,430
--I don't subscribe to. I evolved beyond and I want you to
--
--708
--00:44:11,430 ~-~-> 00:44:14,730
--have that same benefit. Don't take everything I say as
--
--709
--00:44:14,730 ~-~-> 00:44:18,900
--gospel, let it be a challenge to you and dig deeper. But if
--
--710
--00:44:18,900 ~-~-> 00:44:21,240
--I do say stay away from indicators, trust when I tell you,
--
--711
--00:44:21,270 ~-~-> 00:44:22,350
--that's the best thing you can do.
--
--712
--00:44:24,060 ~-~-> 00:44:26,400
--I learned from Larry Williams if he knows he has a target
--
--713
--00:44:26,550 ~-~-> 00:44:30,000
--he's looking for. Okay. His is basically a profitable
--
--714
--00:44:30,030 ~-~-> 00:44:33,690
--clothes. In other words, if he's in long, the daily clothes,
--
--715
--00:44:33,690 ~-~-> 00:44:37,530
--he's trying to hold on for that. If he gets out before that,
--
--716
--00:44:38,100 ~-~-> 00:44:43,440
--but not at the close. He's doing you know, the best service
--
--717
--00:44:43,440 ~-~-> 00:44:46,260
--he can provide for himself. Because it may not get to that
--
--718
--00:44:46,260 ~-~-> 00:44:50,910
--level. I may not see 116 55 they might go to 116 54 and my
--
--719
--00:44:50,910 ~-~-> 00:44:56,160
--limit was at 60 1655 I've had to happen to me. So what I do
--
--720
--00:44:56,160 ~-~-> 00:45:01,470
--is I go 1015 sometimes 20 pips early And I get out there.
--
--721
--00:45:01,770 ~-~-> 00:45:04,050
--Why? Because I want to make sure I'm getting out at a
--
--722
--00:45:04,050 ~-~-> 00:45:06,840
--logical level, price is moving in my favor. And I don't care
--
--723
--00:45:06,840 ~-~-> 00:45:10,800
--about looking smart. I want to make sure that my homes are
--
--724
--00:45:10,800 ~-~-> 00:45:14,370
--paid for my insurance on my vehicles, all the things that I
--
--725
--00:45:14,370 ~-~-> 00:45:18,210
--do on a day by day basis, it's going to be supported. And
--
--726
--00:45:18,210 ~-~-> 00:45:21,750
--I'm never going to have to go down in my network, it's
--
--727
--00:45:21,750 ~-~-> 00:45:23,910
--always going to be increasing, doesn't mean I'm not taking
--
--728
--00:45:23,910 ~-~-> 00:45:27,810
--losses. It just means that in my business model, I want me
--
--729
--00:45:28,230 ~-~-> 00:45:33,690
--focusing on profitability, not perfect, not precision entry
--
--730
--00:45:33,690 ~-~-> 00:45:36,810
--exits always. The point is if you know this is the entry
--
--731
--00:45:36,810 ~-~-> 00:45:40,650
--down here, or this is down here, I'm sorry, here. And this
--
--732
--00:45:40,650 ~-~-> 00:45:43,980
--is where the logical target is getting out before that
--
--733
--00:45:44,010 ~-~-> 00:45:47,190
--there's nothing wrong with that. The folks that will say
--
--734
--00:45:47,280 ~-~-> 00:45:49,200
--that stupid, that's your target should hold on to it.
--
--735
--00:45:49,800 ~-~-> 00:45:55,440
--They're not profitable. They're holding on to absolutes and
--
--736
--00:45:55,440 ~-~-> 00:46:00,990
--absolutes don't pay. Now, analysis and exit are two
--
--737
--00:46:00,990 ~-~-> 00:46:04,650
--different entirely thing two different things. I use my
--
--738
--00:46:04,650 ~-~-> 00:46:07,020
--analysis to give me the rough idea of where I should be
--
--739
--00:46:07,020 ~-~-> 00:46:10,110
--getting out at the best case scenario. And what I make is an
--
--740
--00:46:10,140 ~-~-> 00:46:13,350
--exit is earlier than that. And I'll let the guys that want
--
--741
--00:46:13,350 ~-~-> 00:46:16,470
--to be hot shots, try to hold on for those last bits, I get
--
--742
--00:46:16,470 ~-~-> 00:46:20,160
--the accolades in high fives by knowing in advance and
--
--743
--00:46:20,160 ~-~-> 00:46:22,830
--showing you the levels beforehand. And the traders that are
--
--744
--00:46:22,830 ~-~-> 00:46:26,130
--new, they see this and they go crazy. Oh, he's getting out
--
--745
--00:46:26,130 ~-~-> 00:46:29,670
--too high. No, I'm not. I'm absolutely not doing that. And I
--
--746
--00:46:29,670 ~-~-> 00:46:32,490
--don't have my full position on there either. I have paid
--
--747
--00:46:32,490 ~-~-> 00:46:34,350
--myself throughout the way and I didn't take this trail and
--
--748
--00:46:34,350 ~-~-> 00:46:39,000
--saying, from a conceptual standpoint, I pay myself for the
--
--749
--00:46:39,000 ~-~-> 00:46:42,090
--time I've invested in the risk. Now there's going to be
--
--750
--00:46:42,090 ~-~-> 00:46:45,300
--people that say, well see that's stupid, because risk reward
--
--751
--00:46:45,300 ~-~-> 00:46:47,790
--says that you had the most maximum risk on at the beginning
--
--752
--00:46:47,790 ~-~-> 00:46:50,850
--of the trade and you're taking off. I'm yeah, I'm taking
--
--753
--00:46:50,850 ~-~-> 00:46:52,740
--money out of the marketplace. Hello. That's what you're
--
--754
--00:46:52,740 ~-~-> 00:46:55,710
--doing this for. I'm managing risk because I'm reducing the
--
--755
--00:46:55,710 ~-~-> 00:47:00,000
--risk as I stay longer in the trade. Okay, and I'm satisfying
--
--756
--00:47:00,000 ~-~-> 00:47:04,410
--that urge to be a male conqueror, the caveman mentality
--
--757
--00:47:04,410 ~-~-> 00:47:07,890
--that's in men that we're hardwired to feel that I still am
--
--758
--00:47:07,890 ~-~-> 00:47:11,730
--satisfied with that because I have something small one, or
--
--759
--00:47:12,060 ~-~-> 00:47:15,750
--I've already noted that hi in advance, so that satisfies me
--
--760
--00:47:15,750 ~-~-> 00:47:18,270
--and ego. And you're always going to as a male, you're going
--
--761
--00:47:18,270 ~-~-> 00:47:20,340
--to have you don't care who you are, you're going to expect
--
--762
--00:47:20,340 ~-~-> 00:47:23,430
--if you get good at this, it just happens. I was not an
--
--763
--00:47:23,430 ~-~-> 00:47:25,740
--egotistical maniac. When I first started this, I was very,
--
--764
--00:47:25,740 ~-~-> 00:47:30,360
--very quiet, docile, very rarely said anything blue collar.
--
--765
--00:47:30,540 ~-~-> 00:47:34,530
--And I was Mr. Nice Guy. And when you start making $17,000 a
--
--766
--00:47:34,530 ~-~-> 00:47:37,380
--week, that stuff changes real quick, and you think your shit
--
--767
--00:47:37,380 ~-~-> 00:47:39,480
--doesn't stink, and you're better than everybody else. And
--
--768
--00:47:39,480 ~-~-> 00:47:42,570
--it's an ugly trait, but it's something that people go
--
--769
--00:47:42,570 ~-~-> 00:47:45,060
--through. And unless somebody smacked you down, and for me,
--
--770
--00:47:45,120 ~-~-> 00:47:48,960
--it was God. He put the Godsmack on me and humbled me and it
--
--771
--00:47:48,960 ~-~-> 00:47:50,790
--doesn't probably sound like I'm been humbled, but believe
--
--772
--00:47:50,790 ~-~-> 00:47:55,620
--me, I do a lot of character ization and just, I try to be
--
--773
--00:47:55,620 ~-~-> 00:47:58,350
--entertaining when I'm online. Sometimes it doesn't. It
--
--774
--00:47:58,350 ~-~-> 00:48:02,310
--doesn't deliver well. Sometimes it does. But I do those
--
--775
--00:48:02,310 ~-~-> 00:48:06,300
--things, to try to satisfy those little percolation in my
--
--776
--00:48:06,300 ~-~-> 00:48:10,230
--ego. I have to wrestle with that every single day because
--
--777
--00:48:10,230 ~-~-> 00:48:16,170
--what I do is so good. It's hard not to be egotistical, it's
--
--778
--00:48:16,170 ~-~-> 00:48:19,470
--hard not to be arrogant. It takes a great deal of effort not
--
--779
--00:48:19,470 ~-~-> 00:48:22,080
--to do those types of things. So for the young guys, in
--
--780
--00:48:22,080 ~-~-> 00:48:27,030
--closing, as you learn this stuff, do not take this as an
--
--781
--00:48:27,030 ~-~-> 00:48:32,070
--invitation to go on social media, Facebook, Instagram, and
--
--782
--00:48:32,070 ~-~-> 00:48:34,860
--become the next forex baller.
--
--783
--00:48:36,360 ~-~-> 00:48:38,910
--Believe me, it doesn't deliver, like you think it will,
--
--784
--00:48:39,150 ~-~-> 00:48:42,690
--you're not going to deliver a message that people are gonna
--
--785
--00:48:42,690 ~-~-> 00:48:44,580
--fall in love with. They're gonna say, Oh, this guy's a jerk,
--
--786
--00:48:44,670 ~-~-> 00:48:47,700
--you know? Or he's fake this, he's arrogant. You know, you're
--
--787
--00:48:47,700 ~-~-> 00:48:49,380
--over the top. So therefore, you can't you can't be
--
--788
--00:48:49,380 ~-~-> 00:48:51,450
--profitable. And you got to spend so much time trying to
--
--789
--00:48:51,450 ~-~-> 00:48:54,360
--convince him prove that you're just gonna waste your time
--
--790
--00:48:54,390 ~-~-> 00:48:56,340
--and it's not going to give you what you expected in terms of
--
--791
--00:48:56,610 ~-~-> 00:48:59,970
--response. So don't even waste your time with it. Who cares?
--
--792
--00:49:00,000 ~-~-> 00:49:02,070
--If they don't believe you're making money, because I don't
--
--793
--00:49:02,070 ~-~-> 00:49:04,590
--care who's making you whoever doesn't believe that this
--
--794
--00:49:04,590 ~-~-> 00:49:07,170
--stuff works, but I'm not profitable, or I don't really trade
--
--795
--00:49:07,170 ~-~-> 00:49:11,280
--or I'm delivering pizzas for Domino's, and, you know, 1992
--
--796
--00:49:11,310 ~-~-> 00:49:14,940
--Ford Mustang with a rusted out trunk. I don't know where
--
--797
--00:49:14,940 ~-~-> 00:49:16,950
--that came from, but long and short is I don't care what
--
--798
--00:49:16,950 ~-~-> 00:49:20,640
--people believe about me. I only care about the folks that
--
--799
--00:49:20,640 ~-~-> 00:49:23,730
--put the time into learning what I'm teaching. And believe
--
--800
--00:49:23,730 ~-~-> 00:49:27,180
--me, if you do these things, you will see your time has not
--
--801
--00:49:27,180 ~-~-> 00:49:32,580
--been wasted. And it's consistency, its framework exactly
--
--802
--00:49:32,580 ~-~-> 00:49:35,580
--what you're looking for. But I give it in small pieces,
--
--803
--00:49:35,880 ~-~-> 00:49:38,910
--because it's required to learn that way. If I gave you all
--
--804
--00:49:38,910 ~-~-> 00:49:41,490
--one presentation, this is what you do. You're not going to
--
--805
--00:49:41,490 ~-~-> 00:49:43,590
--do what you're supposed to be doing because I want you to
--
--806
--00:49:43,590 ~-~-> 00:49:47,040
--focus on small segments of price action and components of
--
--807
--00:49:47,040 ~-~-> 00:49:49,860
--it. And you'll be quickly convinced that each individual
--
--808
--00:49:49,860 ~-~-> 00:49:53,220
--component has validity it has substance behind it, and when
--
--809
--00:49:53,220 ~-~-> 00:49:56,400
--you put everything together, you get Blue Ribbon results. So
--
--810
--00:49:56,400 ~-~-> 00:49:58,380
--hopefully you found this insightful until next time, I wish
--
--811
--00:49:58,380 ~-~-> 00:49:59,640
--you good luck and good trading.

Changes for page Getting Started In ICT Scalping Concepts.srt

Summary

Details

Navigation

Recently Modified