1 | 00:00:10,740 --> 00:00:20,520 | ICT: Okay, welcome back, folks, this is part two of a continuing series of four videos. And I want to preface this by saying that I am again, hypothetically |
2 | 00:00:20,520 --> 00:00:37,350 | speaking to myself, when I was 20 years old, and how I would coach myself, if I had the ability to speak to my younger self. This lesson, I guess, if I could |
3 | 00:00:38,310 --> 00:00:53,280 | preface it by saying is one of the most important things that was delayed, in my own understanding. One of the things that I used to crack the algorithm, the |
4 | 00:00:53,280 --> 00:01:05,190 | markets that repeats every single week, every single week, this phenomenon takes place. And I want you to really focus in on what I'm showing you here, because |
5 | 00:01:05,190 --> 00:01:15,210 | at first, it's going to seem like, Oh, this is classic support resistance. But I'm going to change the perspective that you have on that dramatically with this |
6 | 00:01:15,780 --> 00:01:27,990 | lesson. It's one of the things that helped me abandon the idea of classic support resistance. And then it helped me understand the real narrative of |
7 | 00:01:27,990 --> 00:01:40,710 | what's going on. And once you see this, and let me be very clear, some of you, perhaps the majority of you will not fully appreciate this video The first time |
8 | 00:01:40,710 --> 00:01:51,360 | you watch it, okay, so it's going to be brief, it's not gonna be very long. But I want you to have the proper expectations coming in. But if you give it a |
9 | 00:01:51,360 --> 00:02:00,390 | second or third feeling, after going through your charts, and doing the things that I'm going to talk about in this video, you're going to see something that |
10 | 00:02:00,390 --> 00:02:12,030 | has eluded you all this time. Okay, and one of the things that well, brings extra value is I haven't even taught this to my mentorship group. And I felt |
11 | 00:02:12,030 --> 00:02:27,180 | inclined to teach this. I felt moved to do it. So I'm doing it. It's not in your books. No one else is teaching it, no one else talks about it, but they will now |
12 | 00:02:27,750 --> 00:02:41,160 | it'll start spreading around like order blocks now become institutional candles. These things that you're about to see, are rather simplistic. But when you take |
13 | 00:02:41,160 --> 00:02:55,500 | a step back, it's gonna require you to study and this is the very reason why it has eluded everyone. It has eluded everyone's perception. It's included |
14 | 00:02:55,500 --> 00:03:09,030 | everyone's realization that this is what's actually going on. And until you see it for what it really is, it's gonna feel like well, this is the hindsight, it's |
15 | 00:03:09,030 --> 00:03:19,080 | all fluff has no value whatsoever. And if that's how you feel about it, I really want you to never watch another video of mine, because you clearly you're not |
16 | 00:03:19,080 --> 00:03:31,200 | prepared to learn the highest degree of order flow there is because this is how the algorithm from the central bank level not the mom and pop bank, not the prop |
17 | 00:03:31,860 --> 00:03:42,210 | traders view of order flow. This is what's really going on. Alright, so you really want to understand how the market delivers price. This is one of the |
18 | 00:03:42,210 --> 00:03:49,920 | central tenants to it that no one else is going to teach you. You're not going to see it. And you can prove it by going in your charts and looking for it. But |
19 | 00:03:49,920 --> 00:03:53,490 | you have to understand what it looks like. So I'm going to do that now. |
20 | 00:04:00,900 --> 00:04:13,500 | Alright, Michael, you are looking at charts, I'm sure wondering what it is that you should be looking for. And as a trader, we need movement. We need |
21 | 00:04:13,500 --> 00:04:26,670 | volatility, we need a idea of where the market is going to be reaching for. So in a nutshell, what we're asking is, where do you study setups form? Because if |
22 | 00:04:26,670 --> 00:04:40,290 | you can come to this realization that there are steady setups, they do form repeatedly and they are reoccurring. Then you have a steady supply of potential |
23 | 00:04:40,290 --> 00:04:55,200 | wealth making setups. Now you're going to lose trades you're going to you need to put that behind you because you're spending too much time worrying about what |
24 | 00:04:55,200 --> 00:05:10,560 | if you lose. What if you win more than you lose? What if you stop worrying about losing and focusing on how to manage the money and the risk. And having these |
25 | 00:05:10,560 --> 00:05:27,240 | repeating reoccurring setups that form all the time. The sky is not the limit. So the things that you worry about at nighttime, and while you're at work, these |
26 | 00:05:27,240 --> 00:05:45,870 | things, stop making them paramount. Because you have enough. You need to focus here, where specifically monthly highs and lows, weekly highs and lows, daily |
27 | 00:05:45,870 --> 00:06:02,100 | highs and lows. And finally session highs and lows. If you understand the price flows that occur around these highs and lows, you will have everything you need |
28 | 00:06:02,280 --> 00:06:11,220 | for setups. You don't have to look for classic chart patterns. You don't have to look at trend lines. Suppose it support resistance, you don't have to concern |
29 | 00:06:11,220 --> 00:06:19,710 | yourself with moving average crossovers, you don't have to concern yourself with overbought and oversold or divergence. You're going to waste a lot of time in |
30 | 00:06:19,710 --> 00:06:27,960 | many years, holding on to these things because you think that's the real secret. Because they're in all of the books that you're buying. It is not the secret, |
31 | 00:06:27,990 --> 00:06:37,830 | they are distractions. And I'm telling you, you're going to lose a lot of money holding on to that idea. And trying to prove that you're just doing it slightly |
32 | 00:06:38,130 --> 00:06:47,730 | off. It just if you just have the right settings, you're going to figure it out, I'm telling you, you're wasting time don't do that. You need to focus on price, |
33 | 00:06:48,510 --> 00:06:58,710 | the open the high, the low and the close of any interval. These intervals, the monthly the weekly Dalian sessions, highs and lows, |
34 | 00:07:06,690 --> 00:07:19,710 | monthly highs and lows, what you want to do is look at the monthly high for the last couple months. I'm gonna say the last three months is a fair, general rule |
35 | 00:07:19,710 --> 00:07:29,580 | of thumb. And you want to take the high and the low and you want to mark it out and extend that out in the future. Because you want to study the reactions, and |
36 | 00:07:29,580 --> 00:07:39,090 | how the markets react around it doesn't necessarily mean that particular price level. Because the books you're reading are saying that's the magic right there. |
37 | 00:07:39,090 --> 00:07:48,360 | That's the specific level. And you're going to lose fortunes using these levels trading the way you're learning them from the books. So stop, don't pay any |
38 | 00:07:48,360 --> 00:07:59,820 | attention to those things. Understand that these books are priming you and everyone else around the world didn't spend the time to read them. And you're |
39 | 00:07:59,820 --> 00:08:11,550 | being misinformed. Because you haven't considered this question yet. But when you take a step back and think about it, if it is exactly like these books are |
40 | 00:08:11,550 --> 00:08:26,580 | saying, why isn't everyone else rich? It's simple, right? By support cell resistance, by resistance, broken turn support, short support, turn resistance. |
41 | 00:08:28,020 --> 00:08:38,790 | The markets don't work that way. There's going to be some examples where you'll see it in the books. But I'm telling you, you're going to lose money trying to |
42 | 00:08:38,790 --> 00:08:51,630 | do that. And you're going to waste time forcing your will on it to possibly magically fall into your lap where it just makes it easy. And I'm telling you |
43 | 00:08:51,630 --> 00:09:04,230 | that day doesn't ever come. So don't do it. Don't waste time. What should be done at these monthly highs and lows as you want to see, does price draw up to |
44 | 00:09:04,230 --> 00:09:19,890 | an old monthly high? Or is it aiming for it basically? Or is it drawing towards an old low? Or if it has recently went below an old low? Is it rallying up? |
45 | 00:09:20,310 --> 00:09:31,020 | Because it's probably ran stops. And if it's ran stops in the form of cell stops. It's probably going to reach for an old monthly high. Even if it doesn't |
46 | 00:09:31,020 --> 00:09:44,400 | make it to that monthly high. You still have the potential to find setups that would generate momentum in that direction. You're going to develop this |
47 | 00:09:44,550 --> 00:09:57,720 | insatiable desire to see your trades pan out to perfection. And please listen to this. You don't need that Michael. You don't need it to be perfect. You don't |
48 | 00:09:57,720 --> 00:10:10,260 | need perfection. You're going to have so many sleepless nights, and you're going to waste all kinds of energy. And time doing that thing that will never arrive. |
49 | 00:10:10,980 --> 00:10:26,910 | Perfection is never going to get there. If I could shake you by the lapels and make you understand, it would be this. Stop trying to be perfect. You don't need |
50 | 00:10:26,910 --> 00:10:40,170 | to be perfect to be profitable. But pursuing perfection will cause you to lose multiple live accounts. Because you want to be right in it's not about being |
51 | 00:10:40,170 --> 00:10:52,620 | right. It's about being aligned, aligned with the order flow, you want to be in sync with the algorithm. You're trying to fight it, you're trying to make |
52 | 00:10:52,650 --> 00:11:01,230 | indicators tell you what it's going to do. And at this time, 20 years old, you don't even understand there's an algorithm, you have no idea that the markets |
53 | 00:11:01,230 --> 00:11:10,860 | are rigged. You think everyone with the right indicators are making money, and you're wrong. And it's going to be many years before you realize that unless you |
54 | 00:11:10,860 --> 00:11:28,260 | see this as the facts. So when we look at monthly charts, we want to see does price drive up into an old monthly high or down to an old monthly low. Because |
55 | 00:11:28,260 --> 00:11:38,970 | if it's reaching up to an old monthly high, it's probably going to trade basically above it and reach for the liquidity that we resting above it. And or |
56 | 00:11:39,450 --> 00:11:51,540 | if it trades down to an all monthly low, it's probably going down here to reach below for sell side liquidity or sell stops. In and of itself. That is a huge |
57 | 00:11:51,570 --> 00:12:03,540 | paradigm shift. Because you want old highs and old lows to react as support and resistance. And that is a fallacy, you're going to see that the market wants to |
58 | 00:12:03,540 --> 00:12:06,960 | go slightly above and slightly below. |
59 | 00:12:08,309 --> 00:12:17,579 | To and through. Remember this, those words are going to be meaningful to you later on. You won't understand it right now. But if you spend time with these |
60 | 00:12:17,639 --> 00:12:22,349 | lessons, you'll understand it quickly to and through |
61 | 00:12:29,460 --> 00:12:40,920 | weekly highs and lows. In between the monthly highs and lows, you're gonna have very specific key levels that are found by finding the weekly individual weekly |
62 | 00:12:40,920 --> 00:12:51,390 | highs and lows. And you're gonna be studying the importance of how price will sweep below old monthly and weekly lows and then gyrate up and down but reach |
63 | 00:12:51,390 --> 00:13:04,950 | for an opposing weekly, higher low. Now in this chart, you're seeing the monthly levels, highs and lows. But I've also annotated where the weekly highs and lows |
64 | 00:13:04,950 --> 00:13:20,310 | are. Now the blue levels, I've only put those on here to differentiate the highs and the red levels, or lows. It's important for you to understand that in your |
65 | 00:13:20,310 --> 00:13:31,590 | charts, when you're laying out your charts, you want to have specific colors to reference highs and lows. Because if you don't do this, you're not going to |
66 | 00:13:31,590 --> 00:13:44,280 | understand what I'm showing you here. When the market is able to break above the blue levels, what that is indicating that is it's able to trade higher and |
67 | 00:13:44,280 --> 00:13:54,720 | through old highs. Now how it trades above old highs or in this case, two blue lines gives us an X ray view in terms of the underlying pinnings of the market. |
68 | 00:13:54,720 --> 00:14:05,280 | Is it really bullish? Or is it just reaching for liquidity and then rejecting because if it's taking out multiple blue levels, on the upside, that's actually |
69 | 00:14:05,280 --> 00:14:16,380 | showing an underlying bullish narrative that's in play, and it's going to be reaching for a higher level pool of liquidity, not just simply reaching for a |
70 | 00:14:16,380 --> 00:14:26,940 | weekly high, it may be reaching for an old monthly high and vice versa. Everything said for the opposite. If the market starts to break down and takes |
71 | 00:14:26,940 --> 00:14:39,780 | out multiple read levels, which would be indicated by a weekly low are a series of weekly lows, and or monthly low. Then it's showing relative weakness. And |
72 | 00:14:39,780 --> 00:14:53,880 | it's able to break through not just one old low in the form of a weekly or a monthly level, but it's going down multiple monthly and or weekly lows. So it's |
73 | 00:14:53,880 --> 00:14:56,730 | seeking some form of higher timeframe liquidity |
74 | 00:15:07,649 --> 00:15:18,989 | Daily highs and lows. When you get this lesson, you're gonna see there are setups every single day. Now it's important to understand that while I'm |
75 | 00:15:19,049 --> 00:15:30,689 | outlining the potential for everyday setups, you are also going to blow many live accounts trying to day trade and short term trade every single day. And |
76 | 00:15:30,689 --> 00:15:39,659 | you're going to find they're actually better days to wait. And I'm going to talk a little bit about that in a couple minutes. But for now, just know that being |
77 | 00:15:39,659 --> 00:15:54,569 | content with profitability early on in the week is ideal. And taking new setups late in the week, typically Thursday or Friday, after being profitable, this is |
78 | 00:15:54,569 --> 00:16:04,709 | going to be problematic for you. Because you think that you're going to be able to do this every single day, when you're first developing. And that is a |
79 | 00:16:04,739 --> 00:16:15,029 | misunderstanding on your part, because you're falling in love with the idea of winning, and you're not falling in love with being process oriented. You like |
80 | 00:16:15,029 --> 00:16:27,299 | being right. And it doesn't matter how much money you're making, you are falling in love with the idea that you're correct, that you're better than everyone |
81 | 00:16:27,299 --> 00:16:35,819 | else. And that's going to be a trap for you. You don't see it right now, Michael, but it's going to be a trap, you think that you have to do this every |
82 | 00:16:35,819 --> 00:16:47,159 | single day. And it doesn't have to be done every single day. In the future, you're going to find a great deal of comfort by not taking trades. Right now it |
83 | 00:16:47,159 --> 00:16:56,039 | feels uncomfortable to you, you don't feel like it's right to be outside of the marketplace. The markets are open. So therefore you should be in there trading. |
84 | 00:16:56,039 --> 00:17:07,829 | That's what you think right now. But you have not understood the potential risks that are involved in this yet. You're too fixated on the money. So you have to |
85 | 00:17:07,949 --> 00:17:19,109 | understand that when we understand the daily highs and lows offered the potential for draws on liquidity. And that means the market will likely go above |
86 | 00:17:19,799 --> 00:17:32,249 | or daily highs to reach for buy stops or below or daily lows to reach for sell stops. Not every single day is the market providing that opportunity. Some days, |
87 | 00:17:32,279 --> 00:17:39,089 | there's consolidation, some days, it doesn't even trade to the previous day's higher low and you have an inside day. Other days you'll have an outside day, |
88 | 00:17:39,089 --> 00:17:47,909 | which is it's trading above the previous day's high and below the previous day's low. And you're going to learn there's a lot of things that are relatively |
89 | 00:17:48,689 --> 00:17:59,039 | significant when it comes to individual days that form like that. But that's outside the scope of this discussion. I want you to take a look at this chart. I |
90 | 00:17:59,489 --> 00:18:12,779 | included the vertical lines that delineate each daily range. Now when the market trades through multiple blue lines, it's indicating that it has strength to |
91 | 00:18:12,779 --> 00:18:23,999 | break old daily highs. And when the market trades down below old lows in the form of the red lines, it's showing willingness to go lower and it's showing |
92 | 00:18:23,999 --> 00:18:34,589 | bearishness. Now it seems obvious, but that's really not what I'm trying to get you to understand here. I want you to see how the market reacts once it trades |
93 | 00:18:34,589 --> 00:18:45,749 | below the red lines. If we are bullish, and we think the market is likely to go higher, we want to see the market spend a little time under the red lines. And |
94 | 00:18:45,749 --> 00:18:57,899 | then once it goes back above the red line, it needs to trade back through a blue line, at least because if it does that, the algorithm will change its state of |
95 | 00:18:57,899 --> 00:19:08,789 | delivery where it will no longer see a necessity to go lower for liquidity on the downside it'll start to seek liquidity on the upside. And vice versa. If the |
96 | 00:19:08,789 --> 00:19:18,029 | market trades above the blue lines, which is an old high of some capacity, once it trades above that blue line, we want to see it not spend a lot of time there, |
97 | 00:19:18,389 --> 00:19:29,639 | then break down back below the blue line and then seek a run below a red line which is an old well then the delivery state will change from being bullish to |
98 | 00:19:29,639 --> 00:19:43,049 | bearish and then the algorithm will then seek sell side liquidity which is below an old low or below a new red line. What I just said to you, you're not going to |
99 | 00:19:43,049 --> 00:19:49,619 | pay attention to the first time you hear it. It won't mean anything to you until you start studying. |
100 | 00:19:50,880 --> 00:20:03,150 | You're spending hours every night looking at tweaking RSI settings stochastic settings The settings and the right moving average crossovers and all of that |
101 | 00:20:03,150 --> 00:20:12,930 | stuff are distractions, none of it's going to work, it's not going to work, you're going to find later on the times that you were right early on, you were |
102 | 00:20:12,930 --> 00:20:21,450 | absolutely lucky buying in markets that were just predisposed to go up. That's it. That's all this is. And it's not going to feel good. When you find this out, |
103 | 00:20:21,450 --> 00:20:30,840 | it's going to feel unsettling that this is really what it was that you got lucky for nine months, you're going to get lucky. But you're going to feel like it's |
104 | 00:20:30,840 --> 00:20:43,470 | skill, you're going to feel like you figured it all out. And then it won't work. Everything you do will fail. And then you're going to start using trades without |
105 | 00:20:43,470 --> 00:20:52,230 | stops, and you're going to lose money faster. And you're not going to want to talk about it. And you're going to go through a period of depression. And I'm |
106 | 00:20:52,230 --> 00:21:03,660 | telling you how to avoid that. But you have to listen to me, Michael, if you don't listen to me, you're going to go through that long period of six years of |
107 | 00:21:03,660 --> 00:21:20,940 | frustration. faking it like you have it figured all out. But internally, you're going to be dying inside. It's avoidable. If you listen. If you look at these |
108 | 00:21:21,300 --> 00:21:32,460 | individual days, the vertical lines delineate those separations between the beginning of a new day and the end of the day and starting another. When you |
109 | 00:21:32,460 --> 00:21:44,790 | look at price like this, it creates a grid. Now, the algorithm is going to look for sell side liquidity below old lows, and buy side liquidity above old highs. |
110 | 00:21:46,020 --> 00:21:56,490 | What you want to be focusing on on is the times when the market will change its delivery state from bearish to bullish How does that happen? The algorithm |
111 | 00:21:56,490 --> 00:22:08,310 | defines it by what I shown you here. If it goes below an old low and goes back above it, you have to see it trade back above an old high. Once that happens, |
112 | 00:22:08,580 --> 00:22:19,440 | the algorithm will change its delivery state, and then it will now seek the opposing liquidity. In other words, if it's just recently taken, sell side |
113 | 00:22:19,440 --> 00:22:28,020 | liquidity. Yeah, it's going to be looking for a form of bias on liquidity. Because that's what the algorithms doing. It's not able to see your particular |
114 | 00:22:28,020 --> 00:22:37,410 | stop, you're going to feel like it does. And you're going to spend time on the internet telling people preaching to people that it is seeking your stop and |
115 | 00:22:37,410 --> 00:22:49,890 | everyone else has stopped because it can see that particular stop. It can't the market cannot see your individual stop, the broker can. But the algorithm that |
116 | 00:22:49,890 --> 00:23:00,690 | delivers price doesn't see it. So we might be arguing semantics here. But the point is this. The algorithm understands where that liquidity is. And it's going |
117 | 00:23:00,690 --> 00:23:16,530 | to trade to that, because it's offering smart money. High Level central bank level, not mom and pop not UBS, Credit Suisse, not Citi. Those traders know |
118 | 00:23:16,530 --> 00:23:27,300 | Goldman Sachs, none of those people are who I'm referring to there, it's above that they're wrong on the corporate ladder for institutional trading, is much |
119 | 00:23:27,300 --> 00:23:39,720 | lower than what I'm referring to. When the market changes its stated delivery, you need to be focusing in on how it will seek that next level of liquidity. |
120 | 00:23:40,530 --> 00:23:50,910 | We've taken sellside liquidity out great. Wait for a old, high to be broken. That's these blue lines. So if it sweeps below a red line and goes back above |
121 | 00:23:50,910 --> 00:24:03,060 | the red line, okay, it's a stop run. But is it a buy because of that? No, you have to wait for it to take out a blue line. Now, don't get so wrapped up in the |
122 | 00:24:03,060 --> 00:24:15,360 | fact that we have red lines and blue lines, because you're going to look at this and say which lines do I use? It's going to be whatever line is appropriate at |
123 | 00:24:15,360 --> 00:24:29,070 | the moment. For instance, if you're looking at this low here, we've ran below this low here, we ran below it. We went back above the red line here. Until we |
124 | 00:24:29,070 --> 00:24:41,610 | get above this blue line here. We will not have any reason to be a buyer because it has to trade back above an old high, which is a blue line. |
125 | 00:24:44,460 --> 00:24:54,660 | By itself, it just gives you the stage in which the delivery state at the algorithm. It won't want to move higher it won't send a displacement in the |
126 | 00:24:54,660 --> 00:25:03,360 | marketplace higher until it does this. This is like the first stage that you're waiting for. Once you get this, then you can go in and start looking for more |
127 | 00:25:03,360 --> 00:25:15,840 | specific criteria to look for setups. It's, again, it's not an everyday thing. But this is going to give you the choicest setups. This is the one that will |
128 | 00:25:15,930 --> 00:25:26,040 | give you the ideal setups for that particular week. Yes, that particular setup that week. |
129 | 00:25:33,960 --> 00:25:45,300 | Alright, session highs and lows, the importance of these times of day, in concert with what I've already outlined. If we know that the market has changed |
130 | 00:25:45,300 --> 00:25:55,500 | its delivery state. In other words, the algorithm has already taken salsa liquidity out, the market will likely want to go higher and reach for by sign |
131 | 00:25:55,500 --> 00:26:11,370 | liquidity. We can see that occurring in here. So we have an old low. The market trades down below that it trades back above the red line. But at all this time |
132 | 00:26:11,370 --> 00:26:23,610 | period here does it trade above that next blue line up here, which is an old high? No, it hasn't done that yet. It does it here. It runs through. Now once it |
133 | 00:26:23,610 --> 00:26:37,530 | does that, your eye needs to go back to where it started from which is down here. So this run here is an impulse leg, you're going to anticipate a |
134 | 00:26:37,530 --> 00:26:47,070 | retracement and it's going to retrace back down, you do not think it's going to go back below that low because it's already left the red line, it's already done |
135 | 00:26:47,070 --> 00:26:59,760 | its job over here it's swept old liquidity. Now we went above it, it's in a consolidation. This run here is what you wait for. Then you start waiting for |
136 | 00:26:59,760 --> 00:27:08,760 | time of day, time of day is the London session between two o'clock and five o'clock in the morning Eastern Standard Time. In New York session between seven |
137 | 00:27:08,760 --> 00:27:18,030 | o'clock in the morning to 9am. Eastern Standard Time. On this chart, there's a green level indicating two o'clock to five o'clock in the morning. And then |
138 | 00:27:18,090 --> 00:27:28,890 | seven o'clock to nine o'clock in the morning is the little red line. All the little markers to show you what this looks like. When the market trades down |
139 | 00:27:28,920 --> 00:27:42,990 | into the impulse leg, you're going to feel nervous when you start trading like this. But you will quickly see how nice it is to trade with these movements. |
140 | 00:27:44,100 --> 00:27:53,550 | When the market drops down below the blue line, we don't think of that as a false run here and break down. Because the state of deliveries changed over |
141 | 00:27:53,550 --> 00:28:01,410 | here. It's taken out sell sell liquidity, it's consolidated and then it showed its hand here. So the impulse leg is the willingness that it wants to go higher, |
142 | 00:28:02,190 --> 00:28:12,660 | then you wait for it to drop down into a low foreign secret forums between two o'clock and five o'clock in the morning, Eastern Standard Time. And then the |
143 | 00:28:12,660 --> 00:28:22,350 | ideal scenario is to wait for it to create an impulse like there. Now, you can trade that. But I'm telling you, you're going to have at least three and a half |
144 | 00:28:22,350 --> 00:28:32,760 | years of hit and miss hit and miss hit and miss because London has a lot of rules to it. So you want to focus right away, just trading in New York session, |
145 | 00:28:33,300 --> 00:28:39,930 | it's going to be the easiest one. And later in the future, you're going to find that you're actually going to be teaching everyone around the world that this is |
146 | 00:28:39,930 --> 00:28:50,790 | the session they should be starting with as a new trader. This low to this high. That's your London impulse. And then it retraces back down into seven o'clock in |
147 | 00:28:50,790 --> 00:29:00,870 | the morning to nine o'clock in the morning. It's going to create a low there. This is what you were going to teach the entire world as optimal trade entry, or |
148 | 00:29:00,870 --> 00:29:11,790 | we call it today, OT E. This is the setup for the week. That's ideal. It's easy, and that's the one you wait for much in the same way the previous week on that |
149 | 00:29:11,790 --> 00:29:21,750 | Wednesday. Same thing here it trades back down. impulse leg, retraces back into the New York session. This is the OTC or optimal trade entry and price runs |
150 | 00:29:21,750 --> 00:29:34,950 | aggressively higher. So when you see how the time of day, day of week, and the changing in the state of delivery for price after it runs below a key level of |
151 | 00:29:35,400 --> 00:29:47,700 | self liquidity. You wait for a specific signature in price. When it takes out sellside liquidity and starts to rally it has to break an old high otherwise |
152 | 00:29:47,730 --> 00:29:57,480 | it's going to remain in consolidation. You're going to struggle and beat yourself up trading and consolidations not knowing this. So I'm trying to teach |
153 | 00:29:57,480 --> 00:30:07,500 | you now Michael, how to avoid all that pain. How to know what to look for. This is what you're supposed to be looking for. Everything in this example for the |
154 | 00:30:07,500 --> 00:30:18,630 | British Pound can be done on a stock, it can be done on a futures market. It can be done on any other foreign exchange pair. It's universal. |
155 | 00:30:20,820 --> 00:30:32,700 | I didn't pick any specific form fitted highs and lows. I went through a series of just the time that was shown in these charts. I put the highs and the lows on |
156 | 00:30:33,690 --> 00:30:46,710 | and that's it. And I'm showing you how you're going to pick that one shot one kill every single week. That one shot one kill setup that you're waiting for. |
157 | 00:30:46,980 --> 00:30:57,180 | That the entire world always wonders how does ICT know that one particular setup was going to happen that week? And they're all going to clamor and they're going |
158 | 00:30:57,180 --> 00:31:07,500 | to email you hundreds a day are going to come to you asking, please show me how to do this one shot one kill. And I'm time traveling and telling you right now |
159 | 00:31:07,500 --> 00:31:12,750 | Michael, this is how it's done. I'll be back next Saturday. Talk to you. Until then, keep studying |