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Version 2.1 by Drunk Monkey on 2020-11-20 16:44
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3 ICT: Good morning folks. appreciate your patience. Alright,
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7 so we're gonna go over a few things. I'm not gonna spend a
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11 whole lot of time with you today. I'm gonna try to keep the
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15 session short. The focus is really to try to get you up to
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19 speed as fast as I possibly can, but not cramming you with
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23 too much info. Because I know that a lot of new followers
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27 are not new readers, to my material. And you're all anxious
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31 to get to the next video on my other tutorials, and in
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35 between that, like give you what I think you should be doing
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39 with your time, it's not going to be learned by watching my
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43 videos, okay? There's a lot of folks that will say, watch
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47 the videos, watch the videos. And it's true, you have to see
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51 the videos to get the concepts. But don't spend your time
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55 just watching videos binge watching, you actually have to do
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59 all the work in your own charts. The folks that are going to
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63 do well with my stuff or anything else. It's going to be the
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67 ones that participate in practice and do it without being
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71 told to do so by me. You got to have some initiative, okay.
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75 And without having that it's going to be well, next to
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79 impossible for you get good and you're going to be the one
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83 that stands in the way of you Being proficient with this,
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87 not my delivery of the content, not my frequency of putting
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91 out videos, it's going to be the amount of time you put into
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95 studying and studying correctly practicing it correctly. So
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99 I'm going to give you why I believe that you should be
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103 focusing on one pair. Okay, and how you should go about
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107 doing that. And how you should log each experience each
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111 deck. Now, either you're going to do it live, or you can do
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115 it by hindsight, a lot of you have jobs, all you have
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119 businesses, is life's going to be in the way and you can't
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123 always be watching live price action. You still can learn
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127 this. I taught myself a lot of the things that I teach, all
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131 based on end of day data. I would go back and look at charts
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135 that happened during the day with an hourly chart, and I
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139 could see certain things and that's how I learned a lot of
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143 the things that I started with my core principles. When I
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147 was Starting with the Forex tutorials back in 2010 I've been
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151 trading a lot longer than that. But a lot of the core
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155 understanding came by way of just simply understanding end
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159 of day trading. And that means nothing intraday, nothing
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163 live. It was all based on basically a daily chart. Okay, so
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167 yesterday I gave you guys a chart here and I highly price
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171 hitting this specific level here. And hopefully I'll stem a
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175 lot of this. With this comment about it probably won't be as
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179 effective as I was hope, hope hope it would be rather. But
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183 everyone seems to think that the magic is happening with the
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187 Fibonacci. And there's a lot of things that go along with
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191 using Fibonacci for my targets and my entries. It's not the
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195 sole basis for my entry. Okay, in first glance, it looks
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199 like something you've seen before, okay, but there's a lot
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203 of Other things that you have to focus on and Shouldn't you
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207 try doing on your own, you know, right away? It's not as
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211 easy as you think it is. You don't know what the anchor what
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215 fib on what level what? Pi with low, suddenly, you know, it
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219 doesn't look like it doesn't work that good. And it's
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223 because of the experience factor. My group that I have
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227 mentored for the last over, over, well, it's been a year
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231 now. Some of them are still admittedly struggling with some
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235 of the concepts. And I'm constantly repeating. It's an
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239 experience thing that they have to grow into. You don't
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243 learn this overnight, you certainly aren't going to learn in
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247 one year. Okay, but you will learn to grow in your
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251 understanding. So I'm going to give you a foundation today.
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255 To start with, it's only specifically dealing with scouting,
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259 okay. So please don't come at me on Twitter about hey, look,
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263 you know, what about central bank dealers range and what
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267 about the fallout? And what about, you know, the moving
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271 average crossovers, and what about it Trading stick to what
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275 I'm giving you. Not because I'm trying to hold anything away
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279 from you, but I gave you guys way too much stuff before way
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283 too fast. And it's gave the impression that you needed to
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287 have all that to be successful. And to some degree, a lot of
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291 mine. detractors were right in the sense that I was giving
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295 way too much. But what I was really doing was I was giving
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299 you everything that I went through to develop myself as the
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303 amateur trader, the person that you see that
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307 took calls the market and gives the analysis concepts, all
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311 those things that led up to my understanding, and to become
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315 who I am as a trader. Those were the things I went through.
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319 And it was kinda like a social experience, to see if anyone
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323 else could be, I guess, created the same way I was. And for
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327 the most part, it didn't happen. So it was a failed
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331 experiment in my eyes, but it was still fun to watch the
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335 growth of some individuals that did pretty well with it. But
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339 nobody came to the level I was hoping he would, by way of me
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343 presenting the information. So with that, I'm going to ask
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347 you a question. And this is rhetorical. Obviously, you guys
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351 aren't going to be able to tell me what your responses are.
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355 You can share them on Twitter, but it's really just a
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359 rhetorical. What pair have you spent the most time looking
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363 at? Now? There's no correct pair. Okay, please don't think
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367 that there's one pair that's better than the other. Because
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371 they all do the same thing. They all open, they'll post the
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375 high, they'll post the low and the close and create a new
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379 bar or new candle. So we're trying we're trading price. We
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383 don't care so much about the particular currency. Now there
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387 are times when certain currencies should be focused on
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391 others, and that's completely outside the scope of this
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395 discussion, but I want you to it at least, right now,
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399 suspend your curiosity in chasing everything else and just
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403 pick one pair It doesn't matter which pair it is. But today
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407 as a goal I want you to know don't have to be decided at
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411 this moment right now. But give it a day, think about what
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415 currency pair you have gone to on your smartphone, or in
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419 your demo account. Or maybe you've made the mistake of
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423 opening a Live account right away without knowing anything,
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427 and what pair you're trying to lose money on. Okay? Because
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431 that's what you're doing. If you don't know what you're
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435 doing, you're just basically trying to lose your money. And
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439 there's, there's really no benefit in doing that. Okay. So,
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443 we're going to assume that you have picked one of the
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447 majors, okay, so if you're going to be profitable, and I was
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451 going to be your goal when you start as a trader, hopefully
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455 that's been the case for everyone, and you live in the
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459 United States. My advice is to try to trade something that's
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463 paired with the dollar index and just simply say this, when
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467 you are profitable, you get better tax treatment when you
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471 trade $1 based major, okay, and I'll just leave it at that.
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475 So doesn't mean you can't Make money on the crosses, it just
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479 means that the bulk of your volume would be better suited in
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483 a major cross with $1. Okay. And I'm not here teaching tax
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487 code, you talk to your tax preparer. They have to have some
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491 knowledge and understanding about forex and concur with what
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495 I just said. Okay. So we're going to assume you pick a
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499 major, it could be euro, dollar, pound dollar, dollar,
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503 swissy, dollar yen, dollar, CAD, Aussie dollar. Pick any one
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507 of those, okay, and I'm not trying to promote one over the
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511 other but I will just simply say that I am predominantly a
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515 GBP USD or cable trader, British pound. I can tell you the
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519 reason why I feel that way is because I started as a
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523 commodity trader and the British pound the Deutsche Mark,
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527 which there isn't a Deutsche Mark anymore. Those two pairs
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531 or I'm sorry, currencies. I treated them predominantly the
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535 most as a Currency Trader. And I had really good luck one
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539 time in the Japanese yen. And then later time in my career,
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543 it really stumped the crap out of me. And I just don't like
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547 him. Okay, it doesn't mean that the things don't work in
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551 yen. It's just I just don't want to try again because it's
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555 in my head. It's all psychological. And I just don't want to
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559 submit to having that engage anymore. So I personally don't
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563 like in but some students do exceptionally well trading yen
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567 pairs. So don't let me as a mentor or just some guy on the
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571 internet talking about what he thinks is right. Don't let me
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575 discourage you from doing any one particular pair of the
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579 other. I'm just giving you my personal opinion because I get
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583 a lot of this in email. So I'm trying to compress all that
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587 into this short little presentation. So we're going to elect
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591 to go with the euro dollar, and I'm going to use the euro
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595 dollar because it's the most widely followed in all of the
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599 Forex market and it's pretty liquid. It's very closely tied
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603 to the Dollar Index, which, once you go through my
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607 tutorials, you'll see that that's actually advantageous for
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611 you because you want to be looking for the imbalances and
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615 tug of war between the impulse price swings in the dollar.
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619 They're going to be mirror images of what you see in the
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623 euro dollar. And by that, I mean, if the dollar is bullish,
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627 you're going to see extremely
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631 perfectly timed bearishness on the euro dollar doesn't mean
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635 it happens all the time. Okay, as you seen last week, we had
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639 episodes where the euro dollar was held in a range, British
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643 Pound was allowed to trade higher and lower in trend. And
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647 that gives us an indication that there's a trade occurring
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651 in euro pound. And again, that stuff's in the tutorials but
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655 you got to dig it out and study it. But I'm going to give
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659 you the bare bones core essentials to scalping and what I've
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663 already given you is a complete system. It's absolutely
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667 perfect for a new trader because it gives you The context to
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671 go in to the charts study, look for certain things and
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675 you're not wasting your time, you'll be able to see things
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679 that repeat they have to have a reoccurrence factor. Okay,
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683 if what you're studying doesn't have the ability to be
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687 replicated at least a few times a week, you're probably not
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691 studying anything that has any valid validity or substance,
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695 you're probably looking at indicators and stuff. And the
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699 only indicator you're going to see on my chart is a
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703 Fibonacci. And the only thing I'm highlighting there is a
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707 target or a specific range and where I think a entry should
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711 occur, do not fall prey to the idea that everything I'm
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715 doing hinges solely on the basis of Fibonacci, because it's
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719 not believe me, I don't even need that Fibonacci. But the
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723 Fibonacci as a teacher, helps me draw your attention to a
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727 level I've already arrived that and you're not going to
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731 believe me, but I knew this high at 116 55 was probable last
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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
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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
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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
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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
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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.