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3		-ICT: Okay, welcome back, folks, this is
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	2	+|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
	3	+|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
	4	+|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
	5	+|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
	6	+|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
	7	+|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
	8	+|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
	9	+|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
	10	+|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
	11	+|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
	12	+|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
	13	+|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
	14	+|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
	15	+|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
	16	+|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
	17	+|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
	18	+|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
	19	+|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
	20	+|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.
	21	+|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
	22	+|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
	23	+|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
	24	+|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
	25	+|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
	26	+|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
	27	+|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
	28	+|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
	29	+|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
	30	+|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
	31	+|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,
	32	+|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
	33	+|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,
	34	+|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,
	35	+|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
	36	+|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
	37	+|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.
	38	+|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
	39	+|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
	40	+|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
	41	+|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.
	42	+|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
	43	+|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
	44	+|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
	45	+|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?
	46	+|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
	47	+|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
	48	+|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
	49	+|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.
	50	+|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
	51	+|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
	52	+|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
	53	+|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
	54	+|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
	55	+|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
	56	+|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
	57	+|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
	58	+|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
	59	+|58 |00:12:03,540 ~-~-> 00:12:06,960 |go slightly above and slightly below.
	60	+|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
	61	+|60 |00:12:17,639 ~-~-> 00:12:22,349 |lessons, you'll understand it quickly to and through
	62	+|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
	63	+|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
	64	+|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
	65	+|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
	66	+|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
	67	+|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
	68	+|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.
	69	+|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
	70	+|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
	71	+|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
	72	+|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
	73	+|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
	74	+|73 |00:14:53,880 ~-~-> 00:14:56,730 |seeking some form of higher timeframe liquidity
	75	+|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
	76	+|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
	77	+|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
	78	+|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
	79	+|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
	80	+|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
	81	+|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
	82	+|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
	83	+|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
	84	+|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.
	85	+|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
	86	+|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
	87	+|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,
	88	+|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,
	89	+|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
	90	+|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
	91	+|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
	92	+|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
	93	+|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
	94	+|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
	95	+|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
	96	+|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
	97	+|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,
	98	+|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
	99	+|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
	100	+|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.
	101	+|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
	102	+|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
	103	+|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,
	104	+|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
	105	+|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
	106	+|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
	107	+|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
	108	+|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
	109	+|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
	110	+|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.
	111	+|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
	112	+|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,
	113	+|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
	114	+|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
	115	+|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
	116	+|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
	117	+|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
	118	+|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
	119	+|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
	120	+|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.
	121	+|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
	122	+|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
	123	+|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
	124	+|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
	125	+|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.
	126	+|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
	127	+|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
	128	+|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
	129	+|128 |00:25:15,930 ~-~-> 00:25:26,040 |give you the ideal setups for that particular week. Yes, that particular setup that week.
	130	+|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
	131	+|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
	132	+|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
	133	+|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
	134	+|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
	135	+|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
	136	+|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
	137	+|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
	138	+|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
	139	+|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
	140	+|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.
	141	+|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
	142	+|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,
	143	+|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
	144	+|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
	145	+|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,
	146	+|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
	147	+|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
	148	+|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
	149	+|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
	150	+|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
	151	+|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
	152	+|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
	153	+|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
	154	+|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
	155	+|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.
	156	+|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
	157	+|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.
	158	+|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
	159	+|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
	160	+|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
4	4
5		-2
6		-00:00:12,510 ~-~-> 00:00:15,150
7		-part two of a continuing series of four
8		-
9		-3
10		-00:00:15,150 ~-~-> 00:00:18,090
11		-videos. And I want to preface this by
12		-
13		-4
14		-00:00:18,090 ~-~-> 00:00:20,520
15		-saying that I am again, hypothetically
16		-
17		-5
18		-00:00:20,520 ~-~-> 00:00:23,280
19		-speaking to myself when I was 20 years
20		-
21		-6
22		-00:00:23,280 ~-~-> 00:00:28,890
23		-old, and how I would coach myself if I
24		-
25		-7
26		-00:00:28,890 ~-~-> 00:00:30,750
27		-had the ability to speak to my younger
28		-
29		-8
30		-00:00:30,750 ~-~-> 00:00:37,350
31		-self. This lesson I guess, if I could
32		-
33		-9
34		-00:00:38,310 ~-~-> 00:00:41,490
35		-preface it by saying is one of the most
36		-
37		-10
38		-00:00:41,490 ~-~-> 00:00:45,270
39		-important things that was delayed in my
40		-
41		-11
42		-00:00:45,300 ~-~-> 00:00:48,780
43		-own understanding. One of the things
44		-
45		-12
46		-00:00:48,780 ~-~-> 00:00:53,280
47		-that I used to crack the algorithm the
48		-
49		-13
50		-00:00:53,280 ~-~-> 00:00:56,970
51		-markets that repeats every single week,
52		-
53		-14
54		-00:00:57,420 ~-~-> 00:00:59,220
55		-every single week, this phenomenon takes
56		-
57		-15
58		-00:00:59,220 ~-~-> 00:01:03,030
59		-place And I want you to really focus in
60		-
61		-16
62		-00:01:03,060 ~-~-> 00:01:05,340
63		-on what I'm showing you here, because at
64		-
65		-17
66		-00:01:05,340 ~-~-> 00:01:07,740
67		-first, it's going to seem like, Oh, this
68		-
69		-18
70		-00:01:07,740 ~-~-> 00:01:09,990
71		-is classic support resistance. But I'm
72		-
73		-19
74		-00:01:09,990 ~-~-> 00:01:13,170
75		-going to change the perspective that you
76		-
77		-20
78		-00:01:13,170 ~-~-> 00:01:15,210
79		-have on that dramatically with this
80		-
81		-21
82		-00:01:15,780 ~-~-> 00:01:19,200
83		-lesson. It's one of the things that
84		-
85		-22
86		-00:01:20,070 ~-~-> 00:01:23,610
87		-helps me abandon the idea of classic
88		-
89		-23
90		-00:01:23,610 ~-~-> 00:01:26,130
91		-support resistance. And then it helps me
92		-
93		-24
94		-00:01:26,130 ~-~-> 00:01:28,230
95		-understand the real narrative of what's
96		-
97		-25
98		-00:01:28,230 ~-~-> 00:01:31,680
99		-going on. And once you see this, and let
100		-
101		-26
102		-00:01:31,680 ~-~-> 00:01:36,120
103		-me be very clear, some of you, perhaps
104		-
105		-27
106		-00:01:36,120 ~-~-> 00:01:38,700
107		-the majority of you will not fully
108		-
109		-28
110		-00:01:38,700 ~-~-> 00:01:40,800
111		-appreciate this video The first time you
112		-
113		-29
114		-00:01:40,800 ~-~-> 00:01:44,010
115		-watch it, okay, so it's going to be
116		-
117		-30
118		-00:01:44,010 ~-~-> 00:01:46,500
119		-brief. It's not gonna be very long, but
120		-
121		-31
122		-00:01:46,650 ~-~-> 00:01:48,360
123		-I want you to have the proper
124		-
125		-32
126		-00:01:48,360 ~-~-> 00:01:50,790
127		-expectations coming in. But if you give
128		-
129		-33
130		-00:01:50,790 ~-~-> 00:01:53,670
131		-it a second or third viewing, after
132		-
133		-34
134		-00:01:53,670 ~-~-> 00:01:55,650
135		-going through your charts, and doing the
136		-
137		-35
138		-00:01:55,650 ~-~-> 00:01:57,030
139		-things that I'm going to talk about in
140		-
141		-36
142		-00:01:57,030 ~-~-> 00:02:00,270
143		-this video, you're going to see some And
144		-
145		-37
146		-00:02:00,270 ~-~-> 00:02:03,120
147		-that has eluded you all this time. Okay,
148		-
149		-38
150		-00:02:03,120 ~-~-> 00:02:07,410
151		-and one of the things that well brings
152		-
153		-39
154		-00:02:07,410 ~-~-> 00:02:09,150
155		-extra value is I haven't even taught
156		-
157		-40
158		-00:02:09,150 ~-~-> 00:02:12,030
159		-this to my mentorship group. And I felt
160		-
161		-41
162		-00:02:12,030 ~-~-> 00:02:17,310
163		-inclined to teach this. I felt moved to
164		-
165		-42
166		-00:02:17,310 ~-~-> 00:02:22,140
167		-do it. So I'm dealing it. It's not in
168		-
169		-43
170		-00:02:22,140 ~-~-> 00:02:24,840
171		-your books. No one else is teaching it,
172		-
173		-44
174		-00:02:24,840 ~-~-> 00:02:26,190
175		-no one else talks about it, but they
176		-
177		-45
178		-00:02:26,190 ~-~-> 00:02:29,280
179		-will now it'll start spreading around
180		-
181		-46
182		-00:02:29,280 ~-~-> 00:02:30,990
183		-like water blocks now become
184		-
185		-47
186		-00:02:31,020 ~-~-> 00:02:36,090
187		-institutional candles. These things that
188		-
189		-48
190		-00:02:36,090 ~-~-> 00:02:38,610
191		-you're about to see, or rather
192		-
193		-49
194		-00:02:38,610 ~-~-> 00:02:41,460
195		-simplistic, but when you take a step
196		-
197		-50
198		-00:02:41,460 ~-~-> 00:02:44,580
199		-back, it's gonna require you to study
200		-
201		-51
202		-00:02:44,670 ~-~-> 00:02:47,580
203		-and this is the very reason why it has
204		-
205		-52
206		-00:02:47,580 ~-~-> 00:02:50,490
207		-eluded everyone. It has eluded
208		-
209		-53
210		-00:02:50,490 ~-~-> 00:02:55,500
211		-everyone's perception. It's included
212		-
213		-54
214		-00:02:55,500 ~-~-> 00:02:57,630
215		-everyone's realization that this is
216		-
217		-55
218		-00:02:57,630 ~-~-> 00:03:02,790
219		-what's actually going on. Until you see
220		-
221		-56
222		-00:03:02,790 ~-~-> 00:03:05,160
223		-it for what it really is. It's gonna
224		-
225		-57
226		-00:03:05,160 ~-~-> 00:03:09,030
227		-feel like well, this is hindsight, it's
228		-
229		-58
230		-00:03:09,030 ~-~-> 00:03:12,900
231		-all, fluff has no value whatsoever. And
232		-
233		-59
234		-00:03:12,900 ~-~-> 00:03:15,030
235		-if that's how you feel about it, I
236		-
237		-60
238		-00:03:15,030 ~-~-> 00:03:16,770
239		-really want you to never watch another
240		-
241		-61
242		-00:03:16,770 ~-~-> 00:03:18,750
243		-video of mine, because you clearly
244		-
245		-62
246		-00:03:18,750 ~-~-> 00:03:20,970
247		-you're not prepared to learn the highest
248		-
249		-63
250		-00:03:20,970 ~-~-> 00:03:23,310
251		-degree of order flow there is because
252		-
253		-64
254		-00:03:23,310 ~-~-> 00:03:25,080
255		-this is how the algorithm from the
256		-
257		-65
258		-00:03:25,080 ~-~-> 00:03:28,560
259		-central bank level not the mom and pop
260		-
261		-66
262		-00:03:28,560 ~-~-> 00:03:33,660
263		-bank, not the prop traders view of order
264		-
265		-67
266		-00:03:33,660 ~-~-> 00:03:36,690
267		-flow. This is what's really going on.
268		-
269		-68
270		-00:03:37,110 ~-~-> 00:03:38,520
271		-All right. So you really want to
272		-
273		-69
274		-00:03:38,520 ~-~-> 00:03:40,380
275		-understand how the market delivers
276		-
277		-70
278		-00:03:40,380 ~-~-> 00:03:42,600
279		-price. This is one of the central
280		-
281		-71
282		-00:03:42,600 ~-~-> 00:03:44,370
283		-tenants to it that no one else is going
284		-
285		-72
286		-00:03:44,370 ~-~-> 00:03:46,140
287		-to teach you. You're not going to see it
288		-
289		-73
290		-00:03:46,320 ~-~-> 00:03:47,850
291		-and you can prove it by going in your
292		-
293		-74
294		-00:03:47,850 ~-~-> 00:03:50,190
295		-charts and looking for it. But you have
296		-
297		-75
298		-00:03:50,190 ~-~-> 00:03:52,650
299		-to understand what it looks like. So I'm
300		-
301		-76
302		-00:03:52,650 ~-~-> 00:03:53,490
303		-going to do that now.
304		-
305		-77
306		-00:04:00,900 ~-~-> 00:04:03,720
307		-All right, Michael, you are looking at
308		-
309		-78
310		-00:04:03,720 ~-~-> 00:04:06,750
311		-charts, I'm sure wondering what it is
312		-
313		-79
314		-00:04:07,170 ~-~-> 00:04:09,780
315		-that you should be looking for. And as a
316		-
317		-80
318		-00:04:09,780 ~-~-> 00:04:13,500
319		-trader, we need movement. We need
320		-
321		-81
322		-00:04:13,500 ~-~-> 00:04:17,250
323		-volatility, we need a idea of where the
324		-
325		-82
326		-00:04:17,250 ~-~-> 00:04:20,280
327		-market is going to be reaching for. So,
328		-
329		-83
330		-00:04:21,270 ~-~-> 00:04:23,520
331		-in a nutshell, what we're asking is,
332		-
333		-84
334		-00:04:23,940 ~-~-> 00:04:26,550
335		-where do you study setups form? Because
336		-
337		-85
338		-00:04:26,550 ~-~-> 00:04:29,850
339		-if you can come to this realization that
340		-
341		-86
342		-00:04:30,540 ~-~-> 00:04:33,360
343		-there are study setups, they do form
344		-
345		-87
346		-00:04:33,870 ~-~-> 00:04:36,000
347		-repeatedly and they are reoccurring.
348		-
349		-88
350		-00:04:37,080 ~-~-> 00:04:39,690
351		-Then you have a steady supply of
352		-
353		-89
354		-00:04:39,690 ~-~-> 00:04:43,410
355		-potential wealth making setups. Now,
356		-
357		-90
358		-00:04:44,940 ~-~-> 00:04:47,700
359		-you're going to lose trades, you're
360		-
361		-91
362		-00:04:47,700 ~-~-> 00:04:51,000
363		-going to you need to put that behind
364		-
365		-92
366		-00:04:51,000 ~-~-> 00:04:53,370
367		-you, because you're spending too much
368		-
369		-93
370		-00:04:53,370 ~-~-> 00:04:56,130
371		-time worrying about what if you lose?
372		-
373		-94
374		-00:04:57,240 ~-~-> 00:05:01,530
375		-What if you win more than you lose? What
376		-
377		-95
378		-00:05:01,530 ~-~-> 00:05:04,650
379		-if you stop worrying about losing and
380		-
381		-96
382		-00:05:04,650 ~-~-> 00:05:07,800
383		-focusing on how to manage the money and
384		-
385		-97
386		-00:05:07,800 ~-~-> 00:05:11,250
387		-the risk and having these repeating
388		-
389		-98
390		-00:05:11,580 ~-~-> 00:05:13,980
391		-reoccurring setups that form all the
392		-
393		-99
394		-00:05:13,980 ~-~-> 00:05:22,830
395		-time? The sky is not the limit. So the
396		-
397		-100
398		-00:05:22,830 ~-~-> 00:05:24,000
399		-things that you worry about at
400		-
401		-101
402		-00:05:24,000 ~-~-> 00:05:26,100
403		-nighttime, and while you're at work,
404		-
405		-102
406		-00:05:26,850 ~-~-> 00:05:30,660
407		-these things, stop making them Paramount
408		-
409		-103
410		-00:05:31,230 ~-~-> 00:05:34,440
411		-because you have enough. You need to
412		-
413		-104
414		-00:05:34,440 ~-~-> 00:05:39,420
415		-focus here. Where specifically monthly
416		-
417		-105
418		-00:05:39,420 ~-~-> 00:05:43,410
419		-highs and lows, weekly highs and lows,
420		-
421		-106
422		-00:05:45,360 ~-~-> 00:05:49,380
423		-daily highs and lows and finally session
424		-
425		-107
426		-00:05:49,380 ~-~-> 00:05:54,420
427		-highs and lows. If you understand the
428		-
429		-108
430		-00:05:54,420 ~-~-> 00:05:56,970
431		-price flows that occur around these
432		-
433		-109
434		-00:05:57,000 ~-~-> 00:06:01,350
435		-highs and lows, you will have everything
436		-
437		-110
438		-00:06:01,350 ~-~-> 00:06:04,770
439		-you need for setups. You don't have to
440		-
441		-111
442		-00:06:04,770 ~-~-> 00:06:06,990
443		-look for classic chart patterns. You
444		-
445		-112
446		-00:06:06,990 ~-~-> 00:06:08,340
447		-don't have to look at trend lines.
448		-
449		-113
450		-00:06:08,460 ~-~-> 00:06:10,710
451		-Suppose it support resistance. You don't
452		-
453		-114
454		-00:06:10,710 ~-~-> 00:06:11,940
455		-have to concern yourself with moving
456		-
457		-115
458		-00:06:11,940 ~-~-> 00:06:13,050
459		-average crossovers. You don't have to
460		-
461		-116
462		-00:06:13,050 ~-~-> 00:06:14,250
463		-concern yourself with overbought and
464		-
465		-117
466		-00:06:14,250 ~-~-> 00:06:17,790
467		-oversold or divergence. You're going to
468		-
469		-118
470		-00:06:17,790 ~-~-> 00:06:20,580
471		-waste a lot of time in many years
472		-
473		-119
474		-00:06:20,850 ~-~-> 00:06:22,530
475		-holding on to these things because you
476		-
477		-120
478		-00:06:22,530 ~-~-> 00:06:24,510
479		-think that's the real secret because
480		-
481		-121
482		-00:06:24,510 ~-~-> 00:06:25,710
483		-they're in all of the books that you're
484		-
485		-122
486		-00:06:25,710 ~-~-> 00:06:28,260
487		-buying. It is not the secret, they are
488		-
489		-123
490		-00:06:28,260 ~-~-> 00:06:30,750
491		-distractions. And I'm telling you,
492		-
493		-124
494		-00:06:30,750 ~-~-> 00:06:32,550
495		-you're going to lose a lot of money
496		-
497		-125
498		-00:06:32,640 ~-~-> 00:06:34,950
499		-holding on to that idea and trying to
500		-
501		-126
502		-00:06:34,950 ~-~-> 00:06:37,830
503		-prove that you're just doing it slightly
504		-
505		-127
506		-00:06:38,130 ~-~-> 00:06:41,010
507		-off. It just if you just have the right
508		-
509		-128
510		-00:06:41,010 ~-~-> 00:06:42,240
511		-settings, you're going to figure it out.
512		-
513		-129
514		-00:06:42,480 ~-~-> 00:06:44,850
515		-I'm telling you, you're wasting time
516		-
517		-130
518		-00:06:44,850 ~-~-> 00:06:47,220
519		-don't do that. You need to focus on
520		-
521		-131
522		-00:06:47,220 ~-~-> 00:06:50,460
523		-price, the open the high, the low and
524		-
525		-132
526		-00:06:50,460 ~-~-> 00:06:54,660
527		-the close of any interval. These
528		-
529		-133
530		-00:06:54,660 ~-~-> 00:06:56,940
531		-intervals, the monthly the weekly daily
532		-
533		-134
534		-00:06:56,940 ~-~-> 00:06:58,710
535		-in sessions highs and lows
536		-
537		-135
538		-00:07:06,690 ~-~-> 00:07:09,300
539		-Monthly highs and lows, what you want to
540		-
541		-136
542		-00:07:09,300 ~-~-> 00:07:12,900
543		-do is look at the monthly high for the
544		-
545		-137
546		-00:07:12,900 ~-~-> 00:07:16,320
547		-last couple months, I'm gonna say the
548		-
549		-138
550		-00:07:16,320 ~-~-> 00:07:19,560
551		-last three months is a fair, general
552		-
553		-139
554		-00:07:19,560 ~-~-> 00:07:21,990
555		-rule of thumb. And you want to take the
556		-
557		-140
558		-00:07:21,990 ~-~-> 00:07:23,700
559		-high and the low and you want to mark it
560		-
561		-141
562		-00:07:23,700 ~-~-> 00:07:25,620
563		-out and extend that out in the future.
564		-
565		-142
566		-00:07:26,190 ~-~-> 00:07:28,920
567		-Because you want to study the reactions,
568		-
569		-143
570		-00:07:29,340 ~-~-> 00:07:32,010
571		-and how the markets react around it
572		-
573		-144
574		-00:07:32,010 ~-~-> 00:07:34,350
575		-doesn't necessarily mean that particular
576		-
577		-145
578		-00:07:34,350 ~-~-> 00:07:36,360
579		-price level. Because the books you're
580		-
581		-146
582		-00:07:36,360 ~-~-> 00:07:38,580
583		-reading are saying, that's the magic
584		-
585		-147
586		-00:07:38,670 ~-~-> 00:07:40,950
587		-right there. That's the specific level.
588		-
589		-148
590		-00:07:41,700 ~-~-> 00:07:44,040
591		-And you're going to lose fortunes using
592		-
593		-149
594		-00:07:44,040 ~-~-> 00:07:45,510
595		-these levels trading the way you're
596		-
597		-150
598		-00:07:45,510 ~-~-> 00:07:47,520
599		-learning them from the books. So stop,
600		-
601		-151
602		-00:07:47,760 ~-~-> 00:07:49,440
603		-don't pay any attention to those things.
604		-
605		-152
606		-00:07:49,770 ~-~-> 00:07:54,330
607		-Understand that these books are priming
608		-
609		-153
610		-00:07:54,750 ~-~-> 00:07:57,090
611		-you and everyone else around the world
612		-
613		-154
614		-00:07:57,150 ~-~-> 00:07:59,730
615		-and spends the time to read them and
616		-
617		-155
618		-00:07:59,730 ~-~-> 00:08:03,120
619		-you're being misinformed, because you
620		-
621		-156
622		-00:08:03,120 ~-~-> 00:08:04,920
623		-haven't considered this question yet.
624		-
625		-157
626		-00:08:05,820 ~-~-> 00:08:08,010
627		-But when you take a step back and think
628		-
629		-158
630		-00:08:08,010 ~-~-> 00:08:11,430
631		-about it, it is exactly like these books
632		-
633		-159
634		-00:08:11,430 ~-~-> 00:08:13,740
635		-are saying, why isn't everyone else
636		-
637		-160
638		-00:08:13,740 ~-~-> 00:08:18,720
639		-rich? It's simple, right? By support. So
640		-
641		-161
642		-00:08:18,720 ~-~-> 00:08:21,990
643		-resistance by resistance, broken turn
644		-
645		-162
646		-00:08:21,990 ~-~-> 00:08:26,580
647		-support, short support, turn resistance.
648		-
649		-163
650		-00:08:28,020 ~-~-> 00:08:30,780
651		-The markets don't work that way. There's
652		-
653		-164
654		-00:08:30,780 ~-~-> 00:08:33,090
655		-going to be some examples where you'll
656		-
657		-165
658		-00:08:33,090 ~-~-> 00:08:35,370
659		-see it in the books. But I'm telling
660		-
661		-166
662		-00:08:35,370 ~-~-> 00:08:38,700
663		-you, you're going to lose money, trying
664		-
665		-167
666		-00:08:38,700 ~-~-> 00:08:41,400
667		-to do that. And you're going to waste
668		-
669		-168
670		-00:08:41,400 ~-~-> 00:08:44,190
671		-time forcing your will on it, to
672		-
673		-169
674		-00:08:44,190 ~-~-> 00:08:48,000
675		-possibly magically fall into your lap
676		-
677		-170
678		-00:08:48,000 ~-~-> 00:08:51,150
679		-where it just makes it easy. And I'm
680		-
681		-171
682		-00:08:51,150 ~-~-> 00:08:52,920
683		-telling you that day doesn't ever come.
684		-
685		-172
686		-00:08:53,850 ~-~-> 00:08:57,450
687		-So don't do it. Don't waste time. What
688		-
689		-173
690		-00:08:57,480 ~-~-> 00:09:00,180
691		-should be done at these monthly high And
692		-
693		-174
694		-00:09:00,180 ~-~-> 00:09:03,420
695		-lows as you want to see, does price draw
696		-
697		-175
698		-00:09:03,480 ~-~-> 00:09:05,670
699		-up to an old monthly high? Or is it
700		-
701		-176
702		-00:09:05,700 ~-~-> 00:09:09,900
703		-aiming for it basically? Or is it
704		-
705		-177
706		-00:09:09,930 ~-~-> 00:09:14,640
707		-drawing towards an old low? Or if it has
708		-
709		-178
710		-00:09:14,640 ~-~-> 00:09:18,900
711		-recently went below an old low? Is it
712		-
713		-179
714		-00:09:18,930 ~-~-> 00:09:21,420
715		-rallying up? Because it's probably ran
716		-
717		-180
718		-00:09:21,420 ~-~-> 00:09:24,090
719		-stops. And if it's ran stops in the form
720		-
721		-181
722		-00:09:24,090 ~-~-> 00:09:26,850
723		-of sales stops, it's probably going to
724		-
725		-182
726		-00:09:26,850 ~-~-> 00:09:30,690
727		-reach for an old, monthly high. Even if
728		-
729		-183
730		-00:09:30,690 ~-~-> 00:09:32,850
731		-it doesn't make it to that monthly high,
732		-
733		-184
734		-00:09:33,180 ~-~-> 00:09:36,180
735		-you still have the potential to find
736		-
737		-185
738		-00:09:36,180 ~-~-> 00:09:39,240
739		-setups that would generate momentum in
740		-
741		-186
742		-00:09:39,240 ~-~-> 00:09:43,170
743		-that direction. You're going to develop
744		-
745		-187
746		-00:09:43,860 ~-~-> 00:09:46,260
747		-this insatiable desire to see your
748		-
749		-188
750		-00:09:46,260 ~-~-> 00:09:50,040
751		-trades pan out to perfection. And please
752		-
753		-189
754		-00:09:50,040 ~-~-> 00:09:53,550
755		-listen to this. You don't need that
756		-
757		-190
758		-00:09:53,550 ~-~-> 00:09:55,770
759		-Michael. You don't need it to be
760		-
761		-191
762		-00:09:55,770 ~-~-> 00:09:59,070
763		-perfect. You don't need perfection.
764		-
765		-192
766		-00:10:00,000 ~-~-> 00:10:02,070
767		-You're going to have so many sleepless
768		-
769		-193
770		-00:10:02,070 ~-~-> 00:10:04,680
771		-nights, and you're going to waste all
772		-
773		-194
774		-00:10:04,680 ~-~-> 00:10:08,370
775		-kinds of energy and time doing that
776		-
777		-195
778		-00:10:08,370 ~-~-> 00:10:11,550
779		-thing that will never arrive. Perfection
780		-
781		-196
782		-00:10:11,550 ~-~-> 00:10:16,230
783		-is never going to get there. If I could
784		-
785		-197
786		-00:10:16,230 ~-~-> 00:10:19,530
787		-shake you by the lapels and make you
788		-
789		-198
790		-00:10:19,530 ~-~-> 00:10:23,670
791		-understand, it would be this. Stop
792		-
793		-199
794		-00:10:23,670 ~-~-> 00:10:26,940
795		-trying to be perfect. You don't need to
796		-
797		-200
798		-00:10:26,940 ~-~-> 00:10:29,550
799		-be perfect to be profitable. But
800		-
801		-201
802		-00:10:29,670 ~-~-> 00:10:32,580
803		-pursuing perfection will cause you to
804		-
805		-202
806		-00:10:32,580 ~-~-> 00:10:36,930
807		-lose multiple live accounts. Because you
808		-
809		-203
810		-00:10:36,930 ~-~-> 00:10:40,170
811		-want to be right. It's not about being
812		-
813		-204
814		-00:10:40,170 ~-~-> 00:10:44,760
815		-right. It's about being aligned, aligned
816		-
817		-205
818		-00:10:44,760 ~-~-> 00:10:47,130
819		-with the order flow. You want to be in
820		-
821		-206
822		-00:10:47,130 ~-~-> 00:10:50,160
823		-sync with the algorithm. You're trying
824		-
825		-207
826		-00:10:50,160 ~-~-> 00:10:52,620
827		-to fight it. You're trying to make
828		-
829		-208
830		-00:10:52,650 ~-~-> 00:10:54,300
831		-indicators tell you what it's going to
832		-
833		-209
834		-00:10:54,300 ~-~-> 00:10:57,120
835		-do. And at this time at 20 years old,
836		-
837		-210
838		-00:10:57,360 ~-~-> 00:10:58,560
839		-you don't even understand there's an
840		-
841		-211
842		-00:10:58,560 ~-~-> 00:11:00,960
843		-algorithm You have no idea that the
844		-
845		-212
846		-00:11:00,960 ~-~-> 00:11:03,570
847		-markets are rigged. You think everyone
848		-
849		-213
850		-00:11:03,570 ~-~-> 00:11:04,650
851		-with the right indicators are making
852		-
853		-214
854		-00:11:04,650 ~-~-> 00:11:08,310
855		-money and you're wrong. And it's going
856		-
857		-215
858		-00:11:08,310 ~-~-> 00:11:10,290
859		-to be many years before you realize that
860		-
861		-216
862		-00:11:10,320 ~-~-> 00:11:16,110
863		-unless you see this as the fact. So when
864		-
865		-217
866		-00:11:16,110 ~-~-> 00:11:18,990
867		-we look at monthly charts, we want to
868		-
869		-218
870		-00:11:18,990 ~-~-> 00:11:23,100
871		-see this price drive up into an old
872		-
873		-219
874		-00:11:23,100 ~-~-> 00:11:26,520
875		-monthly high or down to an old monthly
876		-
877		-220
878		-00:11:26,520 ~-~-> 00:11:29,220
879		-low. Because if it's reaching up to an
880		-
881		-221
882		-00:11:29,220 ~-~-> 00:11:31,350
883		-all monthly high, it's probably going to
884		-
885		-222
886		-00:11:31,380 ~-~-> 00:11:35,010
887		-trade basically above it and reach for
888		-
889		-223
890		-00:11:35,010 ~-~-> 00:11:36,510
891		-the liquidity that we resting above it.
892		-
893		-224
894		-00:11:38,100 ~-~-> 00:11:40,620
895		-And or, if it trades down to an old
896		-
897		-225
898		-00:11:40,620 ~-~-> 00:11:42,900
899		-monthly low, it's probably going down
900		-
901		-226
902		-00:11:42,900 ~-~-> 00:11:44,880
903		-here to reach below for self signed
904		-
905		-227
906		-00:11:44,880 ~-~-> 00:11:48,720
907		-liquidity or sell stops. In and of
908		-
909		-228
910		-00:11:48,720 ~-~-> 00:11:52,590
911		-itself, that is a huge paradigm shift.
912		-
913		-229
914		-00:11:53,550 ~-~-> 00:11:56,280
915		-Because you want old highs and old lows
916		-
917		-230
918		-00:11:56,640 ~-~-> 00:11:59,580
919		-to react as support and resistance and
920		-
921		-231
922		-00:11:59,580 ~-~-> 00:12:02,520
923		-that is fallacy, you're going to see
924		-
925		-232
926		-00:12:02,520 ~-~-> 00:12:03,960
927		-that the market wants to go
928		-
929		-233
930		-00:12:04,170 ~-~-> 00:12:08,790
931		-slightly above and slightly below, two
932		-
933		-234
934		-00:12:08,790 ~-~-> 00:12:11,520
935		-and through. Remember this, those words
936		-
937		-235
938		-00:12:11,520 ~-~-> 00:12:13,140
939		-are going to be meaningful to you later
940		-
941		-236
942		-00:12:13,140 ~-~-> 00:12:15,330
943		-on. You won't understand it right now.
944		-
945		-237
946		-00:12:15,930 ~-~-> 00:12:17,580
947		-But if you spend time with these
948		-
949		-238
950		-00:12:17,640 ~-~-> 00:12:21,540
951		-lessons, you'll understand it quickly to
952		-
953		-239
954		-00:12:21,690 ~-~-> 00:12:22,380
955		-end through
956		-
957		-240
958		-00:12:29,460 ~-~-> 00:12:33,540
959		-weekly highs and lows. In between the
960		-
961		-241
962		-00:12:33,540 ~-~-> 00:12:34,890
963		-monthly highs and lows, you're going to
964		-
965		-242
966		-00:12:34,890 ~-~-> 00:12:37,950
967		-have very specific key levels that are
968		-
969		-243
970		-00:12:37,950 ~-~-> 00:12:40,590
971		-found by finding the weekly individual
972		-
973		-244
974		-00:12:40,590 ~-~-> 00:12:42,750
975		-weekly highs and lows. And you're gonna
976		-
977		-245
978		-00:12:42,750 ~-~-> 00:12:45,690
979		-be studying the importance of how price
980		-
981		-246
982		-00:12:45,690 ~-~-> 00:12:48,060
983		-will sweep below old monthly and weekly
984		-
985		-247
986		-00:12:48,060 ~-~-> 00:12:51,000
987		-lows and then gyrate up and down but
988		-
989		-248
990		-00:12:51,000 ~-~-> 00:12:53,790
991		-reach for and opposing weekly, higher
992		-
993		-249
994		-00:12:53,790 ~-~-> 00:12:58,560
995		-low. Now in this chart, you're seeing
996		-
997		-250
998		-00:12:58,980 ~-~-> 00:13:01,560
999		-the monthly levels highs and lows. But
1000		-
1001		-251
1002		-00:13:01,560 ~-~-> 00:13:04,320
1003		-I've also annotated where the weekly
1004		-
1005		-252
1006		-00:13:04,320 ~-~-> 00:13:08,220
1007		-highs and lows are. Now the blue levels,
1008		-
1009		-253
1010		-00:13:08,670 ~-~-> 00:13:09,990
1011		-I've only put those on here to
1012		-
1013		-254
1014		-00:13:09,990 ~-~-> 00:13:14,130
1015		-differentiate highs and the red levels
1016		-
1017		-255
1018		-00:13:14,790 ~-~-> 00:13:18,540
1019		-or lows. It's important for you to
1020		-
1021		-256
1022		-00:13:18,540 ~-~-> 00:13:21,600
1023		-understand that in your charts, when
1024		-
1025		-257
1026		-00:13:21,600 ~-~-> 00:13:24,360
1027		-you're laying out your charts, you want
1028		-
1029		-258
1030		-00:13:24,360 ~-~-> 00:13:27,840
1031		-to have specific colors to reference
1032		-
1033		-259
1034		-00:13:27,900 ~-~-> 00:13:30,360
1035		-highs and lows. Because if you don't do
1036		-
1037		-260
1038		-00:13:30,360 ~-~-> 00:13:32,010
1039		-this, you're not going to understand
1040		-
1041		-261
1042		-00:13:32,010 ~-~-> 00:13:35,790
1043		-what I'm showing you here. When the
1044		-
1045		-262
1046		-00:13:35,790 ~-~-> 00:13:39,120
1047		-market is able to break above the blue
1048		-
1049		-263
1050		-00:13:39,120 ~-~-> 00:13:41,370
1051		-levels, what that is indicating that is,
1052		-
1053		-264
1054		-00:13:41,940 ~-~-> 00:13:44,670
1055		-it's able to trade higher and through
1056		-
1057		-265
1058		-00:13:44,670 ~-~-> 00:13:48,150
1059		-old highs. Now how it trades above old
1060		-
1061		-266
1062		-00:13:48,150 ~-~-> 00:13:49,890
1063		-highs or in this case two blue lines
1064		-
1065		-267
1066		-00:13:50,850 ~-~-> 00:13:53,280
1067		-gives us an X ray view in terms of the
1068		-
1069		-268
1070		-00:13:53,280 ~-~-> 00:13:55,080
1071		-underlying pinnings of the market. Is it
1072		-
1073		-269
1074		-00:13:55,860 ~-~-> 00:13:58,470
1075		-really bullish? Or is it just reaching
1076		-
1077		-270
1078		-00:13:58,470 ~-~-> 00:14:00,960
1079		-for liquidity and then rejecting Because
1080		-
1081		-271
1082		-00:14:00,960 ~-~-> 00:14:03,180
1083		-if it's taking out multiple blue levels
1084		-
1085		-272
1086		-00:14:03,660 ~-~-> 00:14:05,760
1087		-on the upside, that's actually showing
1088		-
1089		-273
1090		-00:14:06,330 ~-~-> 00:14:09,000
1091		-an underlying bullish narrative that's
1092		-
1093		-274
1094		-00:14:09,000 ~-~-> 00:14:10,890
1095		-in play, and it's going to be reaching
1096		-
1097		-275
1098		-00:14:10,890 ~-~-> 00:14:14,370
1099		-for a higher level pool of liquidity,
1100		-
1101		-276
1102		-00:14:14,490 ~-~-> 00:14:16,680
1103		-not just simply reaching for a weekly
1104		-
1105		-277
1106		-00:14:16,680 ~-~-> 00:14:18,870
1107		-high, it may be reaching for an old
1108		-
1109		-278
1110		-00:14:18,870 ~-~-> 00:14:22,500
1111		-monthly high and vice versa. Everything
1112		-
1113		-279
1114		-00:14:22,500 ~-~-> 00:14:25,080
1115		-said for the opposite. If the market
1116		-
1117		-280
1118		-00:14:25,080 ~-~-> 00:14:27,120
1119		-starts to break down, and takes out
1120		-
1121		-281
1122		-00:14:27,120 ~-~-> 00:14:28,770
1123		-multiple red levels, which would be
1124		-
1125		-282
1126		-00:14:28,770 ~-~-> 00:14:31,560
1127		-indicated by a weekly low or a series of
1128		-
1129		-283
1130		-00:14:31,560 ~-~-> 00:14:36,480
1131		-weekly lows, and or monthly low, then
1132		-
1133		-284
1134		-00:14:36,480 ~-~-> 00:14:40,110
1135		-it's showing relative weakness. And it's
1136		-
1137		-285
1138		-00:14:40,140 ~-~-> 00:14:43,800
1139		-able to break through not just one old
1140		-
1141		-286
1142		-00:14:43,800 ~-~-> 00:14:46,530
1143		-low in the form of a weekly or a monthly
1144		-
1145		-287
1146		-00:14:46,530 ~-~-> 00:14:49,380
1147		-level, but it's going down multiple,
1148		-
1149		-288
1150		-00:14:51,000 ~-~-> 00:14:53,880
1151		-monthly and or weekly lows. So it's
1152		-
1153		-289
1154		-00:14:53,880 ~-~-> 00:14:56,190
1155		-seeking some form of higher timeframe
1156		-
1157		-290
1158		-00:14:56,190 ~-~-> 00:14:56,730
1159		-liquidity
1160		-
1161		-291
1162		-00:15:07,649 ~-~-> 00:15:10,799
1163		-Daily highs and lows. When you get this
1164		-
1165		-292
1166		-00:15:10,799 ~-~-> 00:15:13,889
1167		-lesson, you're going to see there are
1168		-
1169		-293
1170		-00:15:13,919 ~-~-> 00:15:16,589
1171		-setups every single day. Now it's
1172		-
1173		-294
1174		-00:15:16,589 ~-~-> 00:15:18,989
1175		-important to understand that while I'm
1176		-
1177		-295
1178		-00:15:19,049 ~-~-> 00:15:21,749
1179		-outlining the potential for everyday
1180		-
1181		-296
1182		-00:15:21,749 ~-~-> 00:15:25,079
1183		-setups, you are also going to blow many
1184		-
1185		-297
1186		-00:15:25,079 ~-~-> 00:15:27,419
1187		-live accounts trying to day trade and
1188		-
1189		-298
1190		-00:15:27,419 ~-~-> 00:15:30,689
1191		-short term trade every single day. And
1192		-
1193		-299
1194		-00:15:30,689 ~-~-> 00:15:31,979
1195		-you're going to find they're actually
1196		-
1197		-300
1198		-00:15:31,979 ~-~-> 00:15:33,629
1199		-better days to wait. And I'm going to
1200		-
1201		-301
1202		-00:15:33,629 ~-~-> 00:15:35,309
1203		-talk a little bit about that in a couple
1204		-
1205		-302
1206		-00:15:35,309 ~-~-> 00:15:37,589
1207		-minutes. But for now, just know that
1208		-
1209		-303
1210		-00:15:39,209 ~-~-> 00:15:43,259
1211		-being content with profitability early
1212		-
1213		-304
1214		-00:15:43,259 ~-~-> 00:15:47,339
1215		-on in the week is ideal. And taking new
1216		-
1217		-305
1218		-00:15:47,339 ~-~-> 00:15:50,609
1219		-setups late in the week, typically
1220		-
1221		-306
1222		-00:15:50,609 ~-~-> 00:15:52,409
1223		-Thursday or Friday, after being
1224		-
1225		-307
1226		-00:15:52,409 ~-~-> 00:15:54,929
1227		-profitable. This is going to be
1228		-
1229		-308
1230		-00:15:54,929 ~-~-> 00:15:58,109
1231		-problematic for you. Because you think
1232		-
1233		-309
1234		-00:15:58,109 ~-~-> 00:15:59,219
1235		-that you're going to be able to do this
1236		-
1237		-310
1238		-00:15:59,219 ~-~-> 00:16:01,469
1239		-every single day. When you're first
1240		-
1241		-311
1242		-00:16:01,469 ~-~-> 00:16:04,709
1243		-developing, and that is a
1244		-
1245		-312
1246		-00:16:04,739 ~-~-> 00:16:06,389
1247		-misunderstanding on your part, because
1248		-
1249		-313
1250		-00:16:06,629 ~-~-> 00:16:08,939
1251		-you're falling in love with the idea of
1252		-
1253		-314
1254		-00:16:08,939 ~-~-> 00:16:12,029
1255		-winning, and you're not falling in love
1256		-
1257		-315
1258		-00:16:12,029 ~-~-> 00:16:15,029
1259		-with being process oriented, you like
1260		-
1261		-316
1262		-00:16:15,029 ~-~-> 00:16:17,279
1263		-being right. And it doesn't matter how
1264		-
1265		-317
1266		-00:16:17,279 ~-~-> 00:16:19,529
1267		-much money you're making, you are
1268		-
1269		-318
1270		-00:16:19,529 ~-~-> 00:16:23,879
1271		-falling in love with the idea that
1272		-
1273		-319
1274		-00:16:23,879 ~-~-> 00:16:26,939
1275		-you're correct, that you're better than
1276		-
1277		-320
1278		-00:16:26,939 ~-~-> 00:16:29,189
1279		-everyone else. And that's going to be a
1280		-
1281		-321
1282		-00:16:29,189 ~-~-> 00:16:31,499
1283		-trap for you. You don't see it right
1284		-
1285		-322
1286		-00:16:31,499 ~-~-> 00:16:32,999
1287		-now, Michael, but it's going to be a
1288		-
1289		-323
1290		-00:16:32,999 ~-~-> 00:16:35,549
1291		-trap. You think that you have to do this
1292		-
1293		-324
1294		-00:16:35,549 ~-~-> 00:16:37,889
1295		-every single day. It doesn't have to be
1296		-
1297		-325
1298		-00:16:37,889 ~-~-> 00:16:41,339
1299		-done every single day. In the future,
1300		-
1301		-326
1302		-00:16:41,369 ~-~-> 00:16:42,629
1303		-you're going to find a great deal of
1304		-
1305		-327
1306		-00:16:42,629 ~-~-> 00:16:47,069
1307		-comfort by not taking trades right now
1308		-
1309		-328
1310		-00:16:47,099 ~-~-> 00:16:48,899
1311		-feels uncomfortable to you. You don't
1312		-
1313		-329
1314		-00:16:48,899 ~-~-> 00:16:52,079
1315		-feel like it's right to be outside of
1316		-
1317		-330
1318		-00:16:52,079 ~-~-> 00:16:54,299
1319		-the marketplace. The markets are open,
1320		-
1321		-331
1322		-00:16:54,569 ~-~-> 00:16:55,709
1323		-so therefore you should be in their
1324		-
1325		-332
1326		-00:16:55,709 ~-~-> 00:16:56,819
1327		-trading. That's what you think right
1328		-
1329		-333
1330		-00:16:56,819 ~-~-> 00:17:00,569
1331		-now. But you have not understood stood
1332		-
1333		-334
1334		-00:17:00,989 ~-~-> 00:17:03,059
1335		-the potential risks that are involved in
1336		-
1337		-335
1338		-00:17:03,059 ~-~-> 00:17:05,519
1339		-this yet, you're too fixated on the
1340		-
1341		-336
1342		-00:17:05,519 ~-~-> 00:17:08,819
1343		-money. So you have to understand that
1344		-
1345		-337
1346		-00:17:09,149 ~-~-> 00:17:10,979
1347		-when we understand the daily highs and
1348		-
1349		-338
1350		-00:17:10,979 ~-~-> 00:17:14,909
1351		-lows offered the potential for draws on
1352		-
1353		-339
1354		-00:17:14,909 ~-~-> 00:17:17,999
1355		-liquidity. That means the market will
1356		-
1357		-340
1358		-00:17:17,999 ~-~-> 00:17:20,909
1359		-likely go above or daily highs to reach
1360		-
1361		-341
1362		-00:17:20,909 ~-~-> 00:17:24,839
1363		-for buy stops or below or daily lows to
1364		-
1365		-342
1366		-00:17:24,839 ~-~-> 00:17:28,439
1367		-reach for sell stops. Not every single
1368		-
1369		-343
1370		-00:17:28,439 ~-~-> 00:17:30,989
1371		-day is the market providing that
1372		-
1373		-344
1374		-00:17:30,989 ~-~-> 00:17:32,489
1375		-opportunity. Some days, there's
1376		-
1377		-345
1378		-00:17:32,489 ~-~-> 00:17:33,869
1379		-consolidation, some days, it doesn't
1380		-
1381		-346
1382		-00:17:33,869 ~-~-> 00:17:35,339
1383		-even trade to the previous day's high or
1384		-
1385		-347
1386		-00:17:35,339 ~-~-> 00:17:38,009
1387		-low and you have an inside day. Other
1388		-
1389		-348
1390		-00:17:38,009 ~-~-> 00:17:39,389
1391		-days you'll have an outside day which is
1392		-
1393		-349
1394		-00:17:39,389 ~-~-> 00:17:40,859
1395		-it's trading above the previous day's
1396		-
1397		-350
1398		-00:17:40,859 ~-~-> 00:17:42,359
1399		-high and below the previous day's low.
1400		-
1401		-351
1402		-00:17:43,409 ~-~-> 00:17:44,759
1403		-And you're gonna learn there's a lot of
1404		-
1405		-352
1406		-00:17:44,759 ~-~-> 00:17:49,559
1407		-things that are relatively significant
1408		-
1409		-353
1410		-00:17:49,559 ~-~-> 00:17:51,569
1411		-when it comes to individual days that
1412		-
1413		-354
1414		-00:17:51,569 ~-~-> 00:17:54,059
1415		-form like that. But that's outside the
1416		-
1417		-355
1418		-00:17:54,059 ~-~-> 00:17:56,429
1419		-scope of this discussion. I want you to
1420		-
1421		-356
1422		-00:17:56,429 ~-~-> 00:18:00,329
1423		-take a look at this chart. I include Did
1424		-
1425		-357
1426		-00:18:00,479 ~-~-> 00:18:02,729
1427		-the vertical lines that delineate each
1428		-
1429		-358
1430		-00:18:02,969 ~-~-> 00:18:07,169
1431		-daily range. Now, when the market trades
1432		-
1433		-359
1434		-00:18:07,469 ~-~-> 00:18:11,039
1435		-through multiple blue lines, it's
1436		-
1437		-360
1438		-00:18:11,039 ~-~-> 00:18:13,169
1439		-indicating that it has strength to break
1440		-
1441		-361
1442		-00:18:13,169 ~-~-> 00:18:16,019
1443		-old daily highs. And when the market
1444		-
1445		-362
1446		-00:18:16,019 ~-~-> 00:18:19,169
1447		-trades down below old lows in the form
1448		-
1449		-363
1450		-00:18:19,169 ~-~-> 00:18:21,749
1451		-of the red lines, it's showing
1452		-
1453		-364
1454		-00:18:21,749 ~-~-> 00:18:24,029
1455		-willingness to go lower and it's showing
1456		-
1457		-365
1458		-00:18:24,029 ~-~-> 00:18:27,089
1459		-bearishness. Now, it seems obvious, but
1460		-
1461		-366
1462		-00:18:27,089 ~-~-> 00:18:28,619
1463		-that's really not what I'm trying to get
1464		-
1465		-367
1466		-00:18:28,619 ~-~-> 00:18:30,899
1467		-you to understand here. I want you to
1468		-
1469		-368
1470		-00:18:30,899 ~-~-> 00:18:34,589
1471		-see how the market reacts once it trades
1472		-
1473		-369
1474		-00:18:34,589 ~-~-> 00:18:38,399
1475		-below the red lines. If we are bullish,
1476		-
1477		-370
1478		-00:18:38,459 ~-~-> 00:18:39,899
1479		-and we think the market is likely to go
1480		-
1481		-371
1482		-00:18:39,899 ~-~-> 00:18:42,899
1483		-higher, we want to see the market spend
1484		-
1485		-372
1486		-00:18:43,379 ~-~-> 00:18:45,749
1487		-a little time under the red lines and
1488		-
1489		-373
1490		-00:18:45,749 ~-~-> 00:18:47,249
1491		-then once it goes back above the red
1492		-
1493		-374
1494		-00:18:47,249 ~-~-> 00:18:49,979
1495		-line, it needs to trade back through a
1496		-
1497		-375
1498		-00:18:49,979 ~-~-> 00:18:54,479
1499		-blue line, at least because if it does
1500		-
1501		-376
1502		-00:18:54,479 ~-~-> 00:18:57,479
1503		-that, the algorithm will change its
1504		-
1505		-377
1506		-00:18:57,479 ~-~-> 00:18:59,399
1507		-state of delivery where it will no
1508		-
1509		-378
1510		-00:18:59,399 ~-~-> 00:19:02,519
1511		-longer see a necessity to go lower for
1512		-
1513		-379
1514		-00:19:02,519 ~-~-> 00:19:04,799
1515		-liquidity on the downside it'll start to
1516		-
1517		-380
1518		-00:19:04,799 ~-~-> 00:19:07,469
1519		-seek liquidity on the upside. And vice
1520		-
1521		-381
1522		-00:19:07,469 ~-~-> 00:19:09,779
1523		-versa. If the market trades above the
1524		-
1525		-382
1526		-00:19:09,779 ~-~-> 00:19:11,309
1527		-blue lines, which is an old high of some
1528		-
1529		-383
1530		-00:19:11,309 ~-~-> 00:19:14,069
1531		-capacity, once it trades above that blue
1532		-
1533		-384
1534		-00:19:14,069 ~-~-> 00:19:17,309
1535		-line, we want to see it not spend a lot
1536		-
1537		-385
1538		-00:19:17,309 ~-~-> 00:19:19,949
1539		-of time there, then break down back
1540		-
1541		-386
1542		-00:19:19,949 ~-~-> 00:19:22,769
1543		-below the blue line and then seek a run
1544		-
1545		-387
1546		-00:19:22,769 ~-~-> 00:19:25,679
1547		-below a red line which is an old well,
1548		-
1549		-388
1550		-00:19:26,249 ~-~-> 00:19:28,709
1551		-then the delivery state will change from
1552		-
1553		-389
1554		-00:19:28,709 ~-~-> 00:19:30,359
1555		-being bullish to bearish and then the
1556		-
1557		-390
1558		-00:19:30,389 ~-~-> 00:19:32,099
1559		-algorithm will then seek sell side
1560		-
1561		-391
1562		-00:19:32,099 ~-~-> 00:19:34,619
1563		-liquidity which is below an old low or
1564		-
1565		-392
1566		-00:19:35,339 ~-~-> 00:19:40,319
1567		-below a new red line. What I just said
1568		-
1569		-393
1570		-00:19:40,319 ~-~-> 00:19:43,199
1571		-to you, you're not going to pay
1572		-
1573		-394
1574		-00:19:43,199 ~-~-> 00:19:44,699
1575		-attention to the first time you hear it.
1576		-
1577		-395
1578		-00:19:45,329 ~-~-> 00:19:48,479
1579		-It won't mean anything to you until you
1580		-
1581		-396
1582		-00:19:48,479 ~-~-> 00:19:52,589
1583		-start studying it. You're spending hours
1584		-
1585		-397
1586		-00:19:52,619 ~-~-> 00:19:56,189
1587		-every night looking at tweaking RSI
1588		-
1589		-398
1590		-00:19:56,189 ~-~-> 00:20:00,449
1591		-settings stochastic settings The
1592		-
1593		-399
1594		-00:20:00,449 ~-~-> 00:20:02,069
1595		-settings and the right moving average
1596		-
1597		-400
1598		-00:20:02,069 ~-~-> 00:20:03,659
1599		-crossovers and all of that stuff
1600		-
1601		-401
1602		-00:20:04,380 ~-~-> 00:20:06,030
1603		-are distractions. None of it's going to
1604		-
1605		-402
1606		-00:20:06,030 ~-~-> 00:20:08,700
1607		-work. It's not going to work. You're
1608		-
1609		-403
1610		-00:20:08,700 ~-~-> 00:20:10,620
1611		-going to find later on the times that
1612		-
1613		-404
1614		-00:20:10,620 ~-~-> 00:20:12,930
1615		-you were right early on. You were
1616		-
1617		-405
1618		-00:20:12,930 ~-~-> 00:20:15,660
1619		-absolutely lucky buying in markets that
1620		-
1621		-406
1622		-00:20:15,660 ~-~-> 00:20:18,300
1623		-were just predisposed to go up. That's
1624		-
1625		-407
1626		-00:20:18,300 ~-~-> 00:20:19,920
1627		-it. That's all this is, and it's not
1628		-
1629		-408
1630		-00:20:19,920 ~-~-> 00:20:21,450
1631		-gonna feel good. When you find this out.
1632		-
1633		-409
1634		-00:20:21,450 ~-~-> 00:20:24,630
1635		-It's gonna feel unsettling that this is
1636		-
1637		-410
1638		-00:20:24,630 ~-~-> 00:20:26,370
1639		-really what it was that you got lucky
1640		-
1641		-411
1642		-00:20:26,430 ~-~-> 00:20:28,110
1643		-for nine months, you're going to get
1644		-
1645		-412
1646		-00:20:28,110 ~-~-> 00:20:30,690
1647		-lucky. But you're going to feel like
1648		-
1649		-413
1650		-00:20:30,690 ~-~-> 00:20:32,160
1651		-it's skill, you're going to feel like
1652		-
1653		-414
1654		-00:20:32,160 ~-~-> 00:20:35,280
1655		-you figured it all out. And then it
1656		-
1657		-415
1658		-00:20:35,310 ~-~-> 00:20:39,300
1659		-won't work. Everything you do, will
1660		-
1661		-416
1662		-00:20:39,300 ~-~-> 00:20:41,460
1663		-fail. And then you're going to start
1664		-
1665		-417
1666		-00:20:41,460 ~-~-> 00:20:44,730
1667		-using trades without stops, and you're
1668		-
1669		-418
1670		-00:20:44,730 ~-~-> 00:20:47,940
1671		-going to lose money faster. And you're
1672		-
1673		-419
1674		-00:20:47,940 ~-~-> 00:20:49,350
1675		-not going to want to talk about it and
1676		-
1677		-420
1678		-00:20:49,350 ~-~-> 00:20:50,820
1679		-you're going to go through a period of
1680		-
1681		-421
1682		-00:20:50,820 ~-~-> 00:20:52,980
1683		-depression. And I'm telling you how to
1684		-
1685		-422
1686		-00:20:52,980 ~-~-> 00:20:55,830
1687		-avoid debt. But you have to listen to
1688		-
1689		-423
1690		-00:20:55,830 ~-~-> 00:20:58,410
1691		-me, Michael. If you don't listen to me,
1692		-
1693		-424
1694		-00:20:58,860 ~-~-> 00:21:00,000
1695		-you're going to go through that long.
1696		-
1697		-425
1698		-00:21:00,000 ~-~-> 00:21:04,530
1699		-long period of six years of frustration,
1700		-
1701		-426
1702		-00:21:05,640 ~-~-> 00:21:08,910
1703		-faking it like you have it figured all
1704		-
1705		-427
1706		-00:21:08,910 ~-~-> 00:21:11,760
1707		-out, but internally, you're going to be
1708		-
1709		-428
1710		-00:21:11,760 ~-~-> 00:21:16,290
1711		-dying inside. It's avoidable if you
1712		-
1713		-429
1714		-00:21:16,290 ~-~-> 00:21:21,840
1715		-listen. If you look at these individual
1716		-
1717		-430
1718		-00:21:21,840 ~-~-> 00:21:24,510
1719		-days, the vertical lines delineate those
1720		-
1721		-431
1722		-00:21:25,440 ~-~-> 00:21:27,930
1723		-separations between the beginning and
1724		-
1725		-432
1726		-00:21:27,960 ~-~-> 00:21:29,730
1727		-new day and the end of the day and
1728		-
1729		-433
1730		-00:21:29,730 ~-~-> 00:21:33,120
1731		-starting another. When you look at price
1732		-
1733		-434
1734		-00:21:33,120 ~-~-> 00:21:37,290
1735		-like this, it creates a grid. Now, the
1736		-
1737		-435
1738		-00:21:37,290 ~-~-> 00:21:40,920
1739		-algorithm is going to look for sell side
1740		-
1741		-436
1742		-00:21:40,920 ~-~-> 00:21:43,380
1743		-liquidity below old lows and buy side
1744		-
1745		-437
1746		-00:21:43,380 ~-~-> 00:21:46,800
1747		-liquidity above old highs. What you want
1748		-
1749		-438
1750		-00:21:46,800 ~-~-> 00:21:49,290
1751		-to be focusing on on is the times when
1752		-
1753		-439
1754		-00:21:49,290 ~-~-> 00:21:51,780
1755		-the market will change its delivery
1756		-
1757		-440
1758		-00:21:51,780 ~-~-> 00:21:54,030
1759		-state from bearish to bullish, how does
1760		-
1761		-441
1762		-00:21:54,030 ~-~-> 00:21:57,450
1763		-that happen? The algorithm defines it by
1764		-
1765		-442
1766		-00:21:57,660 ~-~-> 00:22:00,690
1767		-what I shown you here. If it goes below
1768		-
1769		-443
1770		-00:22:00,690 ~-~-> 00:22:03,120
1771		-an old low and goes back above it, you
1772		-
1773		-444
1774		-00:22:03,120 ~-~-> 00:22:05,910
1775		-have to see it trade back above an old
1776		-
1777		-445
1778		-00:22:05,910 ~-~-> 00:22:09,360
1779		-high. Once that happens, the algorithm
1780		-
1781		-446
1782		-00:22:09,360 ~-~-> 00:22:11,460
1783		-will change its delivery state, and then
1784		-
1785		-447
1786		-00:22:11,460 ~-~-> 00:22:15,690
1787		-it will now seek the opposing liquidity.
1788		-
1789		-448
1790		-00:22:15,870 ~-~-> 00:22:17,040
1791		-In other words, if it just recently
1792		-
1793		-449
1794		-00:22:17,070 ~-~-> 00:22:20,610
1795		-taken Southside liquidity out, it's
1796		-
1797		-450
1798		-00:22:20,610 ~-~-> 00:22:22,560
1799		-going to be looking for a form of bias
1800		-
1801		-451
1802		-00:22:22,560 ~-~-> 00:22:24,450
1803		-or liquidity. Because that's what the
1804		-
1805		-452
1806		-00:22:24,450 ~-~-> 00:22:27,150
1807		-algorithms doing. It's not able to see
1808		-
1809		-453
1810		-00:22:27,150 ~-~-> 00:22:29,370
1811		-your particular stop, you're going to
1812		-
1813		-454
1814		-00:22:29,370 ~-~-> 00:22:31,230
1815		-feel like it does. And you're going to
1816		-
1817		-455
1818		-00:22:31,230 ~-~-> 00:22:33,270
1819		-spend time on the internet telling
1820		-
1821		-456
1822		-00:22:33,270 ~-~-> 00:22:35,700
1823		-people preaching to people that it is
1824		-
1825		-457
1826		-00:22:35,730 ~-~-> 00:22:38,100
1827		-seeking your stop and everyone else has
1828		-
1829		-458
1830		-00:22:38,100 ~-~-> 00:22:39,150
1831		-stopped because it can see that
1832		-
1833		-459
1834		-00:22:39,150 ~-~-> 00:22:42,390
1835		-particular stop. It can't. The market
1836		-
1837		-460
1838		-00:22:42,390 ~-~-> 00:22:45,780
1839		-cannot see your individual stop, the
1840		-
1841		-461
1842		-00:22:45,780 ~-~-> 00:22:49,890
1843		-broker can. But the algorithm that
1844		-
1845		-462
1846		-00:22:49,890 ~-~-> 00:22:53,280
1847		-delivers price doesn't see it. So we
1848		-
1849		-463
1850		-00:22:53,280 ~-~-> 00:22:55,110
1851		-might be arguing semantics here, but the
1852		-
1853		-464
1854		-00:22:55,110 ~-~-> 00:22:58,410
1855		-point is this. The algorithm understands
1856		-
1857		-465
1858		-00:22:58,410 ~-~-> 00:23:00,780
1859		-where that liquidity is. It's going to
1860		-
1861		-466
1862		-00:23:00,780 ~-~-> 00:23:03,390
1863		-trade to that, because it's offering
1864		-
1865		-467
1866		-00:23:03,660 ~-~-> 00:23:07,560
1867		-smart money. high level, central bank
1868		-
1869		-468
1870		-00:23:07,560 ~-~-> 00:23:11,970
1871		-level, not mom and pop not UBS. And
1872		-
1873		-469
1874		-00:23:11,970 ~-~-> 00:23:16,170
1875		-Credit Suisse, not Citi. Those traders
1876		-
1877		-470
1878		-00:23:16,290 ~-~-> 00:23:18,930
1879		-know Goldman Sachs. None of those people
1880		-
1881		-471
1882		-00:23:19,680 ~-~-> 00:23:21,660
1883		-are who I'm referring to. There are it's
1884		-
1885		-472
1886		-00:23:21,660 ~-~-> 00:23:23,100
1887		-above that they're wrong on the
1888		-
1889		-473
1890		-00:23:23,130 ~-~-> 00:23:25,800
1891		-corporate ladder for institutional
1892		-
1893		-474
1894		-00:23:25,800 ~-~-> 00:23:27,930
1895		-trading is much lower than what I'm
1896		-
1897		-475
1898		-00:23:27,930 ~-~-> 00:23:31,620
1899		-referring to. When the market changes,
1900		-
1901		-476
1902		-00:23:31,620 ~-~-> 00:23:34,740
1903		-its stated delivery. You need to be
1904		-
1905		-477
1906		-00:23:34,740 ~-~-> 00:23:38,370
1907		-focusing in on how it will seek that
1908		-
1909		-478
1910		-00:23:38,400 ~-~-> 00:23:41,100
1911		-next level of liquidity. We've taken
1912		-
1913		-479
1914		-00:23:41,100 ~-~-> 00:23:44,100
1915		-sales liquidity out great. Wait for a
1916		-
1917		-480
1918		-00:23:44,400 ~-~-> 00:23:47,940
1919		-old high to be broken. That's these blue
1920		-
1921		-481
1922		-00:23:47,940 ~-~-> 00:23:50,100
1923		-lines. So if it suites below a red line
1924		-
1925		-482
1926		-00:23:50,160 ~-~-> 00:23:52,170
1927		-and goes back above the red line, okay,
1928		-
1929		-483
1930		-00:23:52,200 ~-~-> 00:23:53,850
1931		-it's a stock run. But is it a buy
1932		-
1933		-484
1934		-00:23:53,850 ~-~-> 00:23:56,370
1935		-because of that? No. You have to wait
1936		-
1937		-485
1938		-00:23:56,370 ~-~-> 00:23:59,640
1939		-for it to take out a blue line. Now
1940		-
1941		-486
1942		-00:24:00,660 ~-~-> 00:24:03,540
1943		-Don't get so wrapped up in the fact that
1944		-
1945		-487
1946		-00:24:03,810 ~-~-> 00:24:05,280
1947		-we have red lines and blue lines,
1948		-
1949		-488
1950		-00:24:05,310 ~-~-> 00:24:06,900
1951		-because you're going to look at this and
1952		-
1953		-489
1954		-00:24:06,900 ~-~-> 00:24:12,180
1955		-say, which lines do I use? It's going to
1956		-
1957		-490
1958		-00:24:12,180 ~-~-> 00:24:15,450
1959		-be whatever line is appropriate at the
1960		-
1961		-491
1962		-00:24:15,450 ~-~-> 00:24:18,630
1963		-moment. For instance, if you're looking
1964		-
1965		-492
1966		-00:24:18,630 ~-~-> 00:24:23,100
1967		-at this low here, we've ran below this
1968		-
1969		-493
1970		-00:24:23,220 ~-~-> 00:24:26,970
1971		-low here, we ran below it. We went back
1972		-
1973		-494
1974		-00:24:26,970 ~-~-> 00:24:29,280
1975		-above the red line here. Until we get
1976		-
1977		-495
1978		-00:24:29,310 ~-~-> 00:24:33,360
1979		-above this blue line here. We will not
1980		-
1981		-496
1982		-00:24:33,360 ~-~-> 00:24:37,020
1983		-have any reason to be a buyer. Because
1984		-
1985		-497
1986		-00:24:37,020 ~-~-> 00:24:39,990
1987		-it has to trade back above an old high,
1988		-
1989		-498
1990		-00:24:40,710 ~-~-> 00:24:45,540
1991		-which is a blue line. By itself, it just
1992		-
1993		-499
1994		-00:24:45,540 ~-~-> 00:24:47,460
1995		-gives you the stage in which the
1996		-
1997		-500
1998		-00:24:47,550 ~-~-> 00:24:50,100
1999		-delivery state at the algorithm, it
2000		-
2001		-501
2002		-00:24:50,100 ~-~-> 00:24:53,640
2003		-won't want to move higher. It won't send
2004		-
2005		-502
2006		-00:24:53,640 ~-~-> 00:24:55,110
2007		-the displacement in the marketplace
2008		-
2009		-503
2010		-00:24:55,110 ~-~-> 00:24:57,330
2011		-higher until it does this. This is like
2012		-
2013		-504
2014		-00:24:57,330 ~-~-> 00:24:59,430
2015		-the first stage that you're waiting for.
2016		-
2017		-505
2018		-00:25:00,330 ~-~-> 00:25:01,500
2019		-Once you get this,
2020		-
2021		-506
2022		-00:25:01,619 ~-~-> 00:25:03,059
2023		-then you can go in and start looking for
2024		-
2025		-507
2026		-00:25:03,059 ~-~-> 00:25:05,789
2027		-more specific criteria to look for
2028		-
2029		-508
2030		-00:25:05,789 ~-~-> 00:25:07,919
2031		-setups. It's, again, it's not an
2032		-
2033		-509
2034		-00:25:07,949 ~-~-> 00:25:10,859
2035		-everyday thing, but this is going to
2036		-
2037		-510
2038		-00:25:10,859 ~-~-> 00:25:14,129
2039		-give you the choices setups. This is the
2040		-
2041		-511
2042		-00:25:14,129 ~-~-> 00:25:17,459
2043		-one that will give you the ideal setups
2044		-
2045		-512
2046		-00:25:17,459 ~-~-> 00:25:23,249
2047		-for that particular week. Yes, that
2048		-
2049		-513
2050		-00:25:23,249 ~-~-> 00:25:26,009
2051		-particular setup that week.
2052		-
2053		-514
2054		-00:25:33,960 ~-~-> 00:25:36,240
2055		-All right, session highs and lows, the
2056		-
2057		-515
2058		-00:25:36,240 ~-~-> 00:25:39,900
2059		-importance of these times of day in
2060		-
2061		-516
2062		-00:25:40,050 ~-~-> 00:25:42,060
2063		-concert with what I've already outlined.
2064		-
2065		-517
2066		-00:25:43,140 ~-~-> 00:25:45,270
2067		-If we know that the market has changed
2068		-
2069		-518
2070		-00:25:45,270 ~-~-> 00:25:47,760
2071		-its delivery state. In other words, the
2072		-
2073		-519
2074		-00:25:47,760 ~-~-> 00:25:50,010
2075		-algorithm has already taken salsa
2076		-
2077		-520
2078		-00:25:50,010 ~-~-> 00:25:52,740
2079		-liquidity out the market will likely
2080		-
2081		-521
2082		-00:25:52,740 ~-~-> 00:25:55,500
2083		-want to go higher and reach for by side
2084		-
2085		-522
2086		-00:25:55,500 ~-~-> 00:26:01,140
2087		-liquidity. We can see that occurring In
2088		-
2089		-523
2090		-00:26:01,140 ~-~-> 00:26:06,690
2091		-here, so we have an old low market
2092		-
2093		-524
2094		-00:26:06,690 ~-~-> 00:26:08,910
2095		-trades down below that it trades back
2096		-
2097		-525
2098		-00:26:08,910 ~-~-> 00:26:11,400
2099		-above the red line. But at all this time
2100		-
2101		-526
2102		-00:26:11,400 ~-~-> 00:26:13,020
2103		-here right in here does it trade above
2104		-
2105		-527
2106		-00:26:13,020 ~-~-> 00:26:15,300
2107		-that next blue line up here, which is an
2108		-
2109		-528
2110		-00:26:15,300 ~-~-> 00:26:19,560
2111		-old high. No, hasn't done that yet. It
2112		-
2113		-529
2114		-00:26:19,560 ~-~-> 00:26:23,460
2115		-does it here. It runs through. Now once
2116		-
2117		-530
2118		-00:26:23,460 ~-~-> 00:26:27,360
2119		-it does that, your eye needs to go back
2120		-
2121		-531
2122		-00:26:27,360 ~-~-> 00:26:29,310
2123		-to where it started from, which is down
2124		-
2125		-532
2126		-00:26:29,310 ~-~-> 00:26:33,660
2127		-here. So this run here is an impulse
2128		-
2129		-533
2130		-00:26:33,660 ~-~-> 00:26:37,530
2131		-leg. You're going to anticipate a
2132		-
2133		-534
2134		-00:26:37,530 ~-~-> 00:26:39,720
2135		-retracement and it's going to retrace
2136		-
2137		-535
2138		-00:26:39,720 ~-~-> 00:26:43,440
2139		-back down. You do not think it's going
2140		-
2141		-536
2142		-00:26:43,440 ~-~-> 00:26:44,790
2143		-to go back below that low because it's
2144		-
2145		-537
2146		-00:26:44,790 ~-~-> 00:26:46,860
2147		-already left the redline it's already
2148		-
2149		-538
2150		-00:26:46,860 ~-~-> 00:26:49,200
2151		-done its job over here. It's swept old
2152		-
2153		-539
2154		-00:26:49,200 ~-~-> 00:26:52,920
2155		-liquidity. Now we went above it. It's in
2156		-
2157		-540
2158		-00:26:52,920 ~-~-> 00:26:56,340
2159		-a consolidation. This run here is what
2160		-
2161		-541
2162		-00:26:56,340 ~-~-> 00:26:59,760
2163		-you wait for. Then you start waiting for
2164		-
2165		-542
2166		-00:26:59,760 ~-~-> 00:27:02,880
2167		-time. time of day, time of day is the
2168		-
2169		-543
2170		-00:27:02,880 ~-~-> 00:27:04,440
2171		-London session between two o'clock and
2172		-
2173		-544
2174		-00:27:04,440 ~-~-> 00:27:05,520
2175		-five o'clock in the morning Eastern
2176		-
2177		-545
2178		-00:27:05,520 ~-~-> 00:27:08,190
2179		-Standard Time. In New York session
2180		-
2181		-546
2182		-00:27:08,190 ~-~-> 00:27:09,510
2183		-between seven o'clock in the morning to
2184		-
2185		-547
2186		-00:27:09,510 ~-~-> 00:27:13,080
2187		-9am. Eastern Standard Time. On this
2188		-
2189		-548
2190		-00:27:13,080 ~-~-> 00:27:15,780
2191		-chart, there's a green level indicating
2192		-
2193		-549
2194		-00:27:15,780 ~-~-> 00:27:16,830
2195		-two o'clock to five o'clock in the
2196		-
2197		-550
2198		-00:27:16,830 ~-~-> 00:27:19,020
2199		-morning. And then seven o'clock to nine
2200		-
2201		-551
2202		-00:27:19,020 ~-~-> 00:27:20,130
2203		-o'clock in the morning is a little red
2204		-
2205		-552
2206		-00:27:20,130 ~-~-> 00:27:23,220
2207		-line. All the little markers to show you
2208		-
2209		-553
2210		-00:27:23,430 ~-~-> 00:27:28,380
2211		-what this looks like. When the market
2212		-
2213		-554
2214		-00:27:28,380 ~-~-> 00:27:32,640
2215		-trades down into the impulse leg, you're
2216		-
2217		-555
2218		-00:27:32,640 ~-~-> 00:27:36,000
2219		-going to feel nervous when you start
2220		-
2221		-556
2222		-00:27:36,000 ~-~-> 00:27:38,640
2223		-trading like this, but you will quickly
2224		-
2225		-557
2226		-00:27:38,640 ~-~-> 00:27:42,330
2227		-see how nice it is to trade with these
2228		-
2229		-558
2230		-00:27:42,330 ~-~-> 00:27:45,210
2231		-movements. When the market drops down
2232		-
2233		-559
2234		-00:27:45,210 ~-~-> 00:27:47,580
2235		-below the blue line, we don't think of
2236		-
2237		-560
2238		-00:27:47,580 ~-~-> 00:27:50,670
2239		-that as a false run here and break down
2240		-
2241		-561
2242		-00:27:51,090 ~-~-> 00:27:53,340
2243		-because the state of deliveries changed
2244		-
2245		-562
2246		-00:27:53,340 ~-~-> 00:27:54,810
2247		-over here it's taken out so some
2248		-
2249		-563
2250		-00:27:54,810 ~-~-> 00:27:57,300
2251		-liquidity. It's consolidated and then it
2252		-
2253		-564
2254		-00:27:57,300 ~-~-> 00:27:59,430
2255		-showed a tan here. So the impulse leg is
2256		-
2257		-565
2258		-00:27:59,790 ~-~-> 00:28:00,960
2259		-the willingness that it wants to go
2260		-
2261		-566
2262		-00:28:00,960 ~-~-> 00:28:03,810
2263		-higher, then you wait for it to drop
2264		-
2265		-567
2266		-00:28:03,810 ~-~-> 00:28:07,470
2267		-down into below the fourth difference
2268		-
2269		-568
2270		-00:28:07,470 ~-~-> 00:28:08,700
2271		-between two o'clock and five o'clock in
2272		-
2273		-569
2274		-00:28:08,700 ~-~-> 00:28:10,920
2275		-the morning, Eastern Standard Time. And
2276		-
2277		-570
2278		-00:28:10,920 ~-~-> 00:28:14,430
2279		-then the ideal scenario is to wait for
2280		-
2281		-571
2282		-00:28:14,430 ~-~-> 00:28:16,650
2283		-it to create an impulse leg there. Now,
2284		-
2285		-572
2286		-00:28:17,040 ~-~-> 00:28:20,010
2287		-you can trade that. But I'm telling you,
2288		-
2289		-573
2290		-00:28:20,190 ~-~-> 00:28:22,080
2291		-you're going to have at least three and
2292		-
2293		-574
2294		-00:28:22,080 ~-~-> 00:28:25,260
2295		-a half years of hit and miss hit and
2296		-
2297		-575
2298		-00:28:25,260 ~-~-> 00:28:27,420
2299		-miss hit and miss because London has a
2300		-
2301		-576
2302		-00:28:27,420 ~-~-> 00:28:30,570
2303		-lot of roles to it. So you want to focus
2304		-
2305		-577
2306		-00:28:30,570 ~-~-> 00:28:32,340
2307		-right away, just trading in New York
2308		-
2309		-578
2310		-00:28:32,340 ~-~-> 00:28:34,380
2311		-session, it's going to be the easiest
2312		-
2313		-579
2314		-00:28:34,380 ~-~-> 00:28:36,660
2315		-one. And later in the future, you're
2316		-
2317		-580
2318		-00:28:36,660 ~-~-> 00:28:37,680
2319		-going to find that you're actually going
2320		-
2321		-581
2322		-00:28:37,680 ~-~-> 00:28:39,240
2323		-to be teaching everyone around the world
2324		-
2325		-582
2326		-00:28:39,480 ~-~-> 00:28:40,650
2327		-that this is the session they should be
2328		-
2329		-583
2330		-00:28:40,650 ~-~-> 00:28:45,060
2331		-starting with as a new trader. This low
2332		-
2333		-584
2334		-00:28:45,180 ~-~-> 00:28:47,790
2335		-to this high, that's your London
2336		-
2337		-585
2338		-00:28:47,790 ~-~-> 00:28:50,010
2339		-impulse, and then it retraces back down
2340		-
2341		-586
2342		-00:28:50,010 ~-~-> 00:28:51,810
2343		-into seven o'clock in the morning to
2344		-
2345		-587
2346		-00:28:51,810 ~-~-> 00:28:52,950
2347		-nine o'clock in the morning. It's going
2348		-
2349		-588
2350		-00:28:52,950 ~-~-> 00:28:56,670
2351		-to create a low there. This is what you
2352		-
2353		-589
2354		-00:28:56,670 ~-~-> 00:28:58,920
2355		-are going to teach the entire world as
2356		-
2357		-590
2358		-00:28:58,920 ~-~-> 00:29:02,130
2359		-optimal trade entry. We call it today,
2360		-
2361		-591
2362		-00:29:02,250 ~-~-> 00:29:06,000
2363		-OT E. This is the setup for the week.
2364		-
2365		-592
2366		-00:29:06,030 ~-~-> 00:29:08,250
2367		-That's ideal. It's easy. And that's the
2368		-
2369		-593
2370		-00:29:08,250 ~-~-> 00:29:10,680
2371		-one you wait for much in the same way,
2372		-
2373		-594
2374		-00:29:10,770 ~-~-> 00:29:12,330
2375		-the previous week on that Wednesday.
2376		-
2377		-595
2378		-00:29:12,750 ~-~-> 00:29:14,670
2379		-Same thing here, it trades back down.
2380		-
2381		-596
2382		-00:29:15,690 ~-~-> 00:29:17,940
2383		-impulse leg, retraces back into the New
2384		-
2385		-597
2386		-00:29:17,940 ~-~-> 00:29:20,220
2387		-York session. This is the OTP or optimal
2388		-
2389		-598
2390		-00:29:20,220 ~-~-> 00:29:22,260
2391		-trade entry, and price runs aggressively
2392		-
2393		-599
2394		-00:29:22,260 ~-~-> 00:29:26,790
2395		-higher. So when you see how the time of
2396		-
2397		-600
2398		-00:29:26,790 ~-~-> 00:29:31,200
2399		-day, day of week, and the changing in
2400		-
2401		-601
2402		-00:29:31,200 ~-~-> 00:29:33,270
2403		-the state of delivery for price after it
2404		-
2405		-602
2406		-00:29:33,270 ~-~-> 00:29:35,760
2407		-runs below a key level of self
2408		-
2409		-603
2410		-00:29:35,790 ~-~-> 00:29:39,330
2411		-liquidity, you wait for a specific
2412		-
2413		-604
2414		-00:29:39,450 ~-~-> 00:29:42,270
2415		-signature in price. When it takes out
2416		-
2417		-605
2418		-00:29:42,270 ~-~-> 00:29:44,100
2419		-Southside liquidity and starts to rally
2420		-
2421		-606
2422		-00:29:44,100 ~-~-> 00:29:47,700
2423		-it has to break an old high. Otherwise
2424		-
2425		-607
2426		-00:29:47,730 ~-~-> 00:29:49,410
2427		-it's going to remain in consolidation.
2428		-
2429		-608
2430		-00:29:50,430 ~-~-> 00:29:52,470
2431		-You're going to struggle and beat
2432		-
2433		-609
2434		-00:29:52,470 ~-~-> 00:29:54,450
2435		-yourself up trading in consolidations
2436		-
2437		-610
2438		-00:29:54,480 ~-~-> 00:29:57,480
2439		-not knowing this. So I'm trying to teach
2440		-
2441		-611
2442		-00:29:57,480 ~-~-> 00:29:59,730
2443		-you now Michael, how to avoid all that
2444		-
2445		-612
2446		-00:29:59,730 ~-~-> 00:30:03,450
2447		-pain. How to know what to look for. This
2448		-
2449		-613
2450		-00:30:03,450 ~-~-> 00:30:04,500
2451		-is what you're supposed to be looking
2452		-
2453		-614
2454		-00:30:04,500 ~-~-> 00:30:07,500
2455		-for. Everything in this example for the
2456		-
2457		-615
2458		-00:30:07,500 ~-~-> 00:30:10,440
2459		-British Pound can be done on a stock, it
2460		-
2461		-616
2462		-00:30:10,440 ~-~-> 00:30:12,780
2463		-can be done on a futures market. It can
2464		-
2465		-617
2466		-00:30:12,780 ~-~-> 00:30:15,690
2467		-be done on any other foreign exchange
2468		-
2469		-618
2470		-00:30:15,690 ~-~-> 00:30:22,590
2471		-pair. It's universal. I didn't pick any
2472		-
2473		-619
2474		-00:30:22,590 ~-~-> 00:30:26,910
2475		-specific form fitted highs and lows. I
2476		-
2477		-620
2478		-00:30:26,910 ~-~-> 00:30:28,770
2479		-went through a series of just the time
2480		-
2481		-621
2482		-00:30:28,770 ~-~-> 00:30:31,380
2483		-that was shown in these charts. I put
2484		-
2485		-622
2486		-00:30:31,380 ~-~-> 00:30:34,350
2487		-the highs and the lows on and that's it.
2488		-
2489		-623
2490		-00:30:35,100 ~-~-> 00:30:37,830
2491		-And I'm showing you how you're going to
2492		-
2493		-624
2494		-00:30:37,830 ~-~-> 00:30:41,310
2495		-pick that one shot one kill every single
2496		-
2497		-625
2498		-00:30:41,310 ~-~-> 00:30:45,540
2499		-week. That one shot one kill setup that
2500		-
2501		-626
2502		-00:30:45,540 ~-~-> 00:30:47,880
2503		-you're waiting for. That the entire
2504		-
2505		-627
2506		-00:30:47,880 ~-~-> 00:30:51,270
2507		-world always wonders how does ICT know
2508		-
2509		-628
2510		-00:30:51,270 ~-~-> 00:30:53,070
2511		-that one particular setup what's going
2512		-
2513		-629
2514		-00:30:53,070 ~-~-> 00:30:56,070
2515		-to happen that week. And they're all
2516		-
2517		-630
2518		-00:30:56,070 ~-~-> 00:30:57,240
2519		-going to clamor and they're going to
2520		-
2521		-631
2522		-00:30:57,240 ~-~-> 00:31:00,300
2523		-email you hundreds a day. We're going to
2524		-
2525		-632
2526		-00:31:00,300 ~-~-> 00:31:03,210
2527		-come to you asking, please show me how
2528		-
2529		-633
2530		-00:31:03,210 ~-~-> 00:31:05,910
2531		-to do this one shot one kill. And I'm
2532		-
2533		-634
2534		-00:31:05,910 ~-~-> 00:31:07,500
2535		-time traveling and telling you right now
2536		-
2537		-635
2538		-00:31:07,500 ~-~-> 00:31:09,240
2539		-Michael, this is how it's done. I'll be
2540		-
2541		-636
2542		-00:31:09,240 ~-~-> 00:31:11,460
2543		-back next Saturday, talk to you. Until
2544		-
2545		-637
2546		-00:31:11,460 ~-~-> 00:31:12,720
2547		-then, keep studying