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Version 1.1 by Drunk Monkey on 2020-11-20 16:33
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3 ICT: Alright folks, we are looking at
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7 the scout sniper enlisting module for
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11 the ICT scout sniper Field Guide. Okay,
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15 what are we going to be covering in this
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19 presentation? Well, obviously it's
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23 designed for those individuals that are
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27 not familiar with my concepts. It's
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31 going to be a broad range. comprehensive
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35 approach to using the concepts that are
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39 hands on in the in the trenches type of
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43 application. For years I've been on the
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47 internet teaching conceptually, the
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51 things that I Do and the actual actual
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55 employment or step by step approach to
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59 utilizing the concepts has evaded most
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63 individuals because simply, they didn't
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67 put in the work and the exercises that
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71 were meant by taking the concepts and
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75 implementing them modularly through
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79 teaching videos. And what do I mean by
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83 that? Well, for those participants that
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87 have been following my work on YouTube,
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91 my own website, I had a blog years ago,
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95 and some threads on some on forums. They
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99 failed to utilize the concepts in a demo
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103 account, and use the concepts on a daily
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107 basis to familiarize themselves with
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111 price action concepts that are rather
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115 generic and you Video, if used properly,
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119 in the library that I've presented over
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123 the last few years, they were meant
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127 really to focus your attention on one
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131 specific component to understanding
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135 price action, and the application of the
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139 ICT tools. We're going to have in this
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143 eight part series, and this is episode
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147 one, there's gonna be a whole lot of dry
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151 stuff in the beginning. So prepare
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155 yourself for guys. It's like anything
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159 else if you go, if you go to sniper
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163 school, you're going to learn a lot of
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167 theory first, and you're going to learn
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171 a lot of, you know, trajectory, wind,
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175 all those things that are gonna affect
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179 you taking a shot before you ever put
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183 yourself in front of, you know, a rifle
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187 and scope up your target. You got to
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191 learn a lot of the boring stuff, okay,
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195 but I promise we're gonna get to that
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199 good stuff. You're all looking forward
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203 charts and get me and get me out types
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207 of situations. It's all going to be in
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211 this course. But again, you got to go
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215 through the boring stuff first guys. So
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219 we're going to, what are we gonna be
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223 covering? Let's look at that now.
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227 Obviously, you know, we're going to be
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231 looking at briefly, I'm gonna be
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235 introducing you what trading platform
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239 that I use in my teachings, and then the
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243 practice drills you're gonna be
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247 employing in this course. And I'm going
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251 to give you a general overview of the
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255 tight quote unquote, of trades this
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259 approach specializes in and what you
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263 should adopt as realistic expectations.
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267 And want to introduce you to the mo and
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271 the usual targets. And I'll give you an
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275 assignment for homework and it's going
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279 to be the mark.
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283 Alright, what trading platform are we
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287 gonna be utilizing in these teachings?
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291 And what do I use for my own analysis in
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295 my video, Use that you see on YouTube
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299 and on the inner circle trader comm
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303 website. Well, I use forex calm Ltd. Now
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307 it's very simple. You guys can go to
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311 Google and Google that, just as you see
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315 here on the screen. And it will give you
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319 a opportunity to download the Mt. Four.
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323 That's letter M is and Michael, t isn't
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327 Tom for
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331 meta trader.
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335 platform, it'll be it's a free download.
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339 Now before we get into all the debates
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343 as to what platform is useful, and you
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347 know, which one's better, blah, blah,
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351 blah. I'm not gonna argue which one's
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355 better, okay, I'm more or less gathering
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359 every one to one pool. It's up to you
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363 whether you want to drink from it or
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367 not. Okay, so a lot of the tools that I
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371 shared that are free, I don't sell
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375 anything else. So advice, I'll give
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379 signals and I got, I give resources,
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383 tools and concepts for you to employ and
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387 use in a demo account setting. I do not
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391 advocate you using my funds. So
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395 everything you learn here is just for
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399 your development on a personal scale.
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403 I'm just going to hint and point in
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407 direction and it's up to you to walk
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411 there and find it on your own. Okay? So
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415 now with forex.com, Ltd, again, it's
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419 simply for the utilization of their demo
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423 account. I do not trade live funds
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427 through forex.com Ltd. Okay, I simply
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431 use it for a demo account only. And
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435 because it's a free resource, it allows
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439 me to share a universal medium that
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443 everyone can employ. You can trade
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447 through your own individual platform if
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451 you choose to. But for the concepts that
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455 we're gonna be covering here, the tools
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459 that I'm gonna be sharing and the
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463 indicators that you will be using are
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467 plug and play with mt four. Okay, so
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471 just so you know that, you know, you're
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475 not locked into using this but there's
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479 going to be some tools that are rather
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483 unique To the MT four platform, and it's
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487 a plug and play type scenario. Now, I do
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491 not recommend you trade live, trade live
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495 funds with forex.com Ltd. Okay? Because
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499 I'm not an introducing broker, I'm not
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503 acting as an introducing broker and not
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507 a trade advisor. And I have no
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511 affiliation with forex.com Ltd. I have
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515 no affiliation really with any brokerage
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519 firm whatsoever. So please don't ask me
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523 which one I recommend if you choose to
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527 trade live funds. I don't do that. It's
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531 up to you. There's plenty of brokerages
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535 out there that you can choose from. I
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539 advise the viewer to use a demo account
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543 for practice purposes. Okay. So again, I
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547 can't stress it enough. forex.com Ltd is
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551 simply being utilized in my capacity as
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555 a mentor in a demo account setting only.
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559 And ideally, you want to use a demo
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563 account balance when you open up your
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567 demo account with forex calm Ltd. Or if
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571 you choose to do something else outside
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575 of the tools that I share. For platform
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579 purposes, choose a account balance that
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583 you would be actually you realistically
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587 employing if you were to go to live
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591 trading.
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595 Alright, what trades are classified as
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599 sniper setups, well, precision point
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603 entry prices that are applicable for use
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607 of limit order entry. Now if you're not
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611 accustomed to what a limit order is,
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615 we're going to cover that in later
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619 modules and we're going to actually give
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623 you live examples of when you would
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627 utilize that in your demo account, and
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631 how that works in favor of getting you
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635 the best possible entry price and
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639 limiting your your risk in terms of your
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643 stop loss. It's very useful in terms of
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647 controlling your overall risk and
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651 exposure to the market. But it doesn't
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655 completely eliminate the risk. It just
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659 helps you determine as precise as you
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663 possibly be, in terms of your actual
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667 entry price versus what you may get if
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671 you did a market order and the slippage
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675 that comes along with that. utilization
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679 of specific time of day criteria, so
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683 we're gonna be talking about specific
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687 times of the day that the Forex market
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691 sets up rather routinely in terms of
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695 specific price swings and how we can
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699 utilize that. So by coupling precision
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703 point entry prices, and utilizing time
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707 of day that between those two right
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711 there that really classifies it as a
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715 sniper setup because we know exactly
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719 what we're looking for in advance and we
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723 wait for that to unfold. Now, we also
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727 will have an advanced knowledge of
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731 target prices for positive exit points.
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735 In other words, we anticipate where
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739 price may be reaching to and based on
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743 that understanding what specific price
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747 levels we may be looking to exit at in
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751 our demo, trade. And the employment of
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755 strict risk management protocols. In
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759 other words, how much money are we
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763 risking, and how we quickly removing the
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767 risk and controlling the risk throughout
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771 the trade and calm and focused
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775 disciplinary trading without emotions
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779 and impatience. That last one right
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783 there is a doozy. It's very, very
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787 difficult for majority of traders out
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791 there to obtain this level of trading.
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795 But I can assure you it comes with time
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799 and it comes with a strict adherence to
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803 the process of trading. And that means
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807 finding what niche you're best suited
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811 for as a trader and that may be a
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815 specific time frame like you may be a
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819 good short term intraday scalper. It
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823 could be a swing trader, it could be a
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825 207
826 00:10:54,209 ~-~-> 00:10:56,489
827 short term trader, you're in and out in
828
829 208
830 00:10:56,489 ~-~-> 00:10:57,809
831 a day or two or you could be a position
832
833 209
834 00:10:57,809 ~-~-> 00:10:59,969
835 trader. Okay. We'll give you some tools.
836
837 210
838 00:10:59,999 ~-~-> 00:11:02,039
839 concepts to help discern what that is
840
841 211
842 00:11:02,039 ~-~-> 00:11:03,929
843 for you on a personal level.
844
845 212
846 00:11:09,960 ~-~-> 00:11:11,580
847 All right, what realistic expectations
848
849 213
850 00:11:11,580 ~-~-> 00:11:12,540
851 should you hold?
852
853 214
854 00:11:14,400 ~-~-> 00:11:15,990
855 Well, let's first start off with the
856
857 215
858 00:11:15,990 ~-~-> 00:11:18,390
859 realistic as you can get, you will lose
860
861 216
862 00:11:18,390 ~-~-> 00:11:21,210
863 money, live and or demo money with these
864
865 217
866 00:11:21,210 ~-~-> 00:11:23,670
867 concepts. I cannot guarantee 100%
868
869 218
870 00:11:23,670 ~-~-> 00:11:26,430
871 trading, no one can no one ever will.
872
873 219
874 00:11:26,850 ~-~-> 00:11:30,960
875 And just don't expect it. You will not
876
877 220
878 00:11:30,960 ~-~-> 00:11:33,300
879 profit on every setup. As much as the
880
881 221
882 00:11:33,300 ~-~-> 00:11:35,880
883 setup may look like textbook conditions,
884
885 222
886 00:11:36,300 ~-~-> 00:11:38,610
887 you're going to still lose eventually on
888
889 223
890 00:11:38,640 ~-~-> 00:11:40,920
891 what may be the best looking, cheery
892
893 224
894 00:11:41,700 ~-~-> 00:11:44,130
895 setup you can possibly have and you
896
897 225
898 00:11:44,130 ~-~-> 00:11:46,140
899 still will see it fail, okay because
900
901 226
902 00:11:46,140 ~-~-> 00:11:48,030
903 there's nothing perfect in in trading.
904
905 227
906 00:11:48,420 ~-~-> 00:11:50,820
907 And you just can't obtain that level of
908
909 228
910 00:11:50,850 ~-~-> 00:11:53,460
911 trading obviously. And you're obviously
912
913 229
914 00:11:53,460 ~-~-> 00:11:55,590
915 going to miss opportunities. So you may
916
917 230
918 00:11:55,590 ~-~-> 00:11:58,620
919 sleep during a particular time of day or
920
921 231
922 00:11:58,620 ~-~-> 00:12:01,500
923 you may be taking a way you buy either
924
925 232
926 00:12:01,500 ~-~-> 00:12:03,720
927 attention or physically away from the
928
929 233
930 00:12:03,720 ~-~-> 00:12:05,370
931 charts. And so you can't take an
932
933 234
934 00:12:05,370 ~-~-> 00:12:06,870
935 opportunity. Maybe you are stalking
936
937 235
938 00:12:06,900 ~-~-> 00:12:10,590
939 expecting it to set up and you on me,
940
941 236
942 00:12:10,590 ~-~-> 00:12:12,720
943 unfortunately missed it, you're going to
944
945 237
946 00:12:12,720 ~-~-> 00:12:15,300
947 have to expect that in all levels of
948
949 238
950 00:12:15,300 ~-~-> 00:12:16,380
951 your trading. I mean, I have been
952
953 239
954 00:12:16,380 ~-~-> 00:12:18,270
955 trading for almost 20 years. And there's
956
957 240
958 00:12:18,270 ~-~-> 00:12:20,640
959 a lot of setups that I see coming by. I
960
961 241
962 00:12:20,640 ~-~-> 00:12:23,130
963 miss it by a number of things. And it's
964
965 242
966 00:12:23,130 ~-~-> 00:12:25,680
967 no reason for me to beat myself up over
968
969 243
970 00:12:25,680 ~-~-> 00:12:27,210
971 it. I just know that that trade wasn't
972
973 244
974 00:12:27,210 ~-~-> 00:12:28,770
975 mine. The next one's going to come
976
977 245
978 00:12:28,770 ~-~-> 00:12:30,900
979 around, it's just like buses. They'll
980
981 246
982 00:12:30,900 ~-~-> 00:12:32,910
983 come by if you wait around long enough,
984
985 247
986 00:12:32,910 ~-~-> 00:12:36,330
987 you'll see the next one come. I promise
988
989 248
990 00:12:36,330 ~-~-> 00:12:38,640
991 no wealth or easy journey to riches.
992
993 249
994 00:12:38,940 ~-~-> 00:12:40,740
995 Now, this is going to require you work.
996
997 250
998 00:12:40,860 ~-~-> 00:12:42,510
999 Okay. I'm going to give you some
1000
1001 251
1002 00:12:42,630 ~-~-> 00:12:46,890
1003 specific criteria. If you stick to it, I
1004
1005 252
1006 00:12:46,890 ~-~-> 00:12:48,960
1007 promise you, your understanding of the
1008
1009 253
1010 00:12:48,960 ~-~-> 00:12:51,870
1011 market will greatly increase and you'll
1012
1013 254
1014 00:12:51,870 ~-~-> 00:12:53,460
1015 be lightyears ahead of everyone else.
1016
1017 255
1018 00:12:55,290 ~-~-> 00:12:57,330
1019 Now theoretically, the concepts will
1020
1021 256
1022 00:12:57,330 ~-~-> 00:12:59,040
1023 lead to a better understanding of
1024
1025 257
1026 00:12:59,040 ~-~-> 00:13:03,570
1027 trading For you, every individual trader
1028
1029 258
1030 00:13:03,810 ~-~-> 00:13:06,090
1031 or developing trader that are watching
1032
1033 259
1034 00:13:06,090 ~-~-> 00:13:08,880
1035 this video series will not have
1036
1037 260
1038 00:13:09,210 ~-~-> 00:13:11,820
1039 identical results. Okay, so if you guys
1040
1041 261
1042 00:13:11,820 ~-~-> 00:13:13,350
1043 talk in chat rooms or if you share
1044
1045 262
1046 00:13:13,350 ~-~-> 00:13:17,040
1047 forums do not compare notes in such a
1048
1049 263
1050 00:13:17,040 ~-~-> 00:13:18,870
1051 way where, okay, how much money did you
1052
1053 264
1054 00:13:18,870 ~-~-> 00:13:20,490
1055 make on that demonstrate versus what I
1056
1057 265
1058 00:13:20,490 ~-~-> 00:13:22,830
1059 made. It's completely unique. And that's
1060
1061 266
1062 00:13:22,830 ~-~-> 00:13:24,960
1063 one of the beauty of trading because you
1064
1065 267
1066 00:13:25,080 ~-~-> 00:13:27,930
1067 don't have to limit yourself to what
1068
1069 268
1070 00:13:27,960 ~-~-> 00:13:30,060
1071 everyone else is doing. Just simply
1072
1073 269
1074 00:13:30,060 ~-~-> 00:13:31,950
1075 because the tools I'm sharing right now
1076
1077 270
1078 00:13:32,520 ~-~-> 00:13:35,760
1079 are being universally shared. You may
1080
1081 271
1082 00:13:35,820 ~-~-> 00:13:39,510
1083 develop another level of understanding
1084
1085 272
1086 00:13:39,930 ~-~-> 00:13:42,420
1087 on a personal level with these tools and
1088
1089 273
1090 00:13:42,420 ~-~-> 00:13:45,390
1091 you'll make them your own and by subtly
1092
1093 274
1094 00:13:45,390 ~-~-> 00:13:48,300
1095 blending what you're comfortable with as
1096
1097 275
1098 00:13:48,300 ~-~-> 00:13:51,030
1099 a trader. Someone that may be a 30
1100
1101 276
1102 00:13:51,030 ~-~-> 00:13:54,030
1103 minute Chart Trader will make
1104
1105 277
1106 00:13:54,390 ~-~-> 00:13:57,180
1107 significantly far less than someone that
1108
1109 278
1110 00:13:57,180 ~-~-> 00:14:00,420
1111 is utilizing a four hour chart. setups
1112
1113 279
1114 00:14:00,420 ~-~-> 00:14:02,670
1115 that setup on that timeframe are going
1116
1117 280
1118 00:14:02,670 ~-~-> 00:14:05,310
1119 to be much larger in terms of magnitude.
1120
1121 281
1122 00:14:05,310 ~-~-> 00:14:07,590
1123 So it's very difficult for one to
1124
1125 282
1126 00:14:07,590 ~-~-> 00:14:10,860
1127 reasonably realistically expect your
1128
1129 283
1130 00:14:10,890 ~-~-> 00:14:12,750
1131 results to match everyone else doing it.
1132
1133 284
1134 00:14:12,810 ~-~-> 00:14:15,510
1135 Okay, so think about there's so many
1136
1137 285
1138 00:14:15,540 ~-~-> 00:14:18,360
1139 other guys and mentors and teachers out
1140
1141 286
1142 00:14:18,360 ~-~-> 00:14:20,460
1143 there and authors of books, why aren't
1144
1145 287
1146 00:14:20,460 ~-~-> 00:14:23,160
1147 we all having the same results because
1148
1149 288
1150 00:14:23,160 ~-~-> 00:14:25,110
1151 it's a unique experience, okay? And
1152
1153 289
1154 00:14:25,110 ~-~-> 00:14:26,370
1155 that's what makes this so difficult
1156
1157 290
1158 00:14:26,370 ~-~-> 00:14:28,410
1159 because it's not a team effort. It's not
1160
1161 291
1162 00:14:28,410 ~-~-> 00:14:30,480
1163 a team sport, and you're not going to
1164
1165 292
1166 00:14:30,480 ~-~-> 00:14:32,970
1167 win by everybody else doing doing it
1168
1169 293
1170 00:14:32,970 ~-~-> 00:14:35,160
1171 with you. Okay, now that we can
1172
1173 294
1174 00:14:35,190 ~-~-> 00:14:37,860
1175 cultivate a learning environment like
1176
1177 295
1178 00:14:37,860 ~-~-> 00:14:39,720
1179 we're doing here and forums and such,
1180
1181 296
1182 00:14:40,020 ~-~-> 00:14:41,820
1183 but the actually getting in the trenches
1184
1185 297
1186 00:14:41,820 ~-~-> 00:14:43,890
1187 clicking the mouse and getting into
1188
1189 298
1190 00:14:44,100 ~-~-> 00:14:46,860
1191 trades and suffering the drawdown and or
1192
1193 299
1194 00:14:47,010 ~-~-> 00:14:49,200
1195 the riches that come with profitable
1196
1197 300
1198 00:14:49,320 ~-~-> 00:14:51,870
1199 execution. That's all on a personal
1200
1201 301
1202 00:14:51,870 ~-~-> 00:14:54,090
1203 level, and no one can share that it's
1204
1205 302
1206 00:14:54,090 ~-~-> 00:14:56,940
1207 completely and uniquely yours. And you
1208
1209 303
1210 00:14:56,940 ~-~-> 00:14:59,700
1211 have to more or less accept that. Okay,
1212
1213 304
1214 00:14:59,700 ~-~-> 00:15:02,160
1215 so Going into this, understand that
1216
1217 305
1218 00:15:02,370 ~-~-> 00:15:04,380
1219 you're leading yourself to a better
1220
1221 306
1222 00:15:04,380 ~-~-> 00:15:05,730
1223 understanding of trading, but you're
1224
1225 307
1226 00:15:05,730 ~-~-> 00:15:07,200
1227 always going to be theoretically a
1228
1229 308
1230 00:15:07,200 ~-~-> 00:15:08,250
1231 student of price.
1232
1233 309
1234 00:15:10,590 ~-~-> 00:15:12,960
1235 And always focus on success being
1236
1237 310
1238 00:15:12,960 ~-~-> 00:15:14,970
1239 measured in small, incremental steps.
1240
1241 311
1242 00:15:15,180 ~-~-> 00:15:16,650
1243 And you're going to have to really
1244
1245 312
1246 00:15:16,650 ~-~-> 00:15:19,110
1247 submit the time. Because while these
1248
1249 313
1250 00:15:19,110 ~-~-> 00:15:20,700
1251 concepts we're going to be really,
1252
1253 314
1254 00:15:20,700 ~-~-> 00:15:24,810
1255 really concentrated in later portions of
1256
1257 315
1258 00:15:24,810 ~-~-> 00:15:27,840
1259 this series, it doesn't take away the
1260
1261 316
1262 00:15:27,840 ~-~-> 00:15:30,780
1263 work portion and the time that's needed
1264
1265 317
1266 00:15:30,780 ~-~-> 00:15:33,090
1267 for you to warm up to the concepts.
1268
1269 318
1270 00:15:33,360 ~-~-> 00:15:35,730
1271 Simply seeing in one or two examples in
1272
1273 319
1274 00:15:36,030 ~-~-> 00:15:38,070
1275 video format is not going to be enough.
1276
1277 320
1278 00:15:38,070 ~-~-> 00:15:39,270
1279 You're gonna have to be in the charts,
1280
1281 321
1282 00:15:39,300 ~-~-> 00:15:41,430
1283 hunting, looking at it, how to study it
1284
1285 322
1286 00:15:41,430 ~-~-> 00:15:43,470
1287 in hindsight and anticipating it in the
1288
1289 323
1290 00:15:43,470 ~-~-> 00:15:45,570
1291 future. So you got to submit the time.
1292
1293 324
1294 00:15:45,870 ~-~-> 00:15:47,280
1295 Now realistically, what am I talking
1296
1297 325
1298 00:15:47,280 ~-~-> 00:15:49,200
1299 about in terms of time, if you're not
1300
1301 326
1302 00:15:49,200 ~-~-> 00:15:51,210
1303 willing to put six months into these
1304
1305 327
1306 00:15:51,210 ~-~-> 00:15:54,180
1307 concepts, turn it off. Now you're
1308
1309 328
1310 00:15:54,180 ~-~-> 00:15:57,630
1311 wasting your time and you really, you're
1312
1313 329
1314 00:15:57,630 ~-~-> 00:15:59,790
1315 doing me no service at all, because I'm
1316
1317 330
1318 00:15:59,790 ~-~-> 00:16:01,680
1319 putting A lot of effort into this. So
1320
1321 331
1322 00:16:01,830 ~-~-> 00:16:03,450
1323 you should be doing the same thing
1324
1325 332
1326 00:16:03,480 ~-~-> 00:16:05,430
1327 invest the time is needed. And I'm
1328
1329 333
1330 00:16:05,430 ~-~-> 00:16:07,530
1331 talking minimum six months.
1332
1333 334
1334 00:16:13,410 ~-~-> 00:16:15,660
1335 Right, what ammo will use and what
1336
1337 335
1338 00:16:15,660 ~-~-> 00:16:16,260
1339 targets?
1340
1341 336
1342 00:16:17,609 ~-~-> 00:16:19,859
1343 Well, the methodology that we're sharing
1344
1345 337
1346 00:16:19,859 ~-~-> 00:16:22,019
1347 here is based on a principle I learned
1348
1349 338
1350 00:16:22,019 ~-~-> 00:16:23,279
1351 in 1994.
1352
1353 339
1354 00:16:23,819 ~-~-> 00:16:25,859
1355 Yes, I was trading way back then.
1356
1357 340
1358 00:16:26,880 ~-~-> 00:16:29,100
1359 Now the principle is triple screen. And
1360
1361 341
1362 00:16:29,100 ~-~-> 00:16:31,470
1363 it's found in a book titled trading for
1364
1365 342
1366 00:16:31,470 ~-~-> 00:16:34,080
1367 a living. Now, this was one of those
1368
1369 343
1370 00:16:34,080 ~-~-> 00:16:36,780
1371 little gems that I was in Columbia,
1372
1373 344
1374 00:16:36,780 ~-~-> 00:16:39,090
1375 Maryland. I reside in in Baltimore,
1376
1377 345
1378 00:16:39,090 ~-~-> 00:16:41,520
1379 Maryland. It's in the United States, in
1380
1381 346
1382 00:16:41,520 ~-~-> 00:16:42,780
1383 case you were wondering where that's at.
1384
1385 347
1386 00:16:43,800 ~-~-> 00:16:47,190
1387 And we had a traders library, it was a
1388
1389 348
1390 00:16:47,190 ~-~-> 00:16:51,780
1391 store that really was mainly mail order
1392
1393 349
1394 00:16:52,020 ~-~-> 00:16:54,210
1395 over the internet type deal, but it just
1396
1397 350
1398 00:16:54,210 ~-~-> 00:16:56,670
1399 happen to be in Maryland. So I was
1400
1401 351
1402 00:16:56,670 ~-~-> 00:16:59,160
1403 fortunate to be able to drive there and
1404
1405 352
1406 00:16:59,160 ~-~-> 00:17:01,470
1407 go through their book. And find some
1408
1409 353
1410 00:17:01,680 ~-~-> 00:17:05,040
1411 really interesting books. But because I
1412
1413 354
1414 00:17:05,040 ~-~-> 00:17:08,820
1415 was a fledgling technical analyst, and I
1416
1417 355
1418 00:17:08,820 ~-~-> 00:17:09,810
1419 didn't have a whole lot of money to
1420
1421 356
1422 00:17:09,810 ~-~-> 00:17:12,990
1423 start with, I was I was very shocked to
1424
1425 357
1426 00:17:12,990 ~-~-> 00:17:15,360
1427 see how much these books were being sold
1428
1429 358
1430 00:17:15,360 ~-~-> 00:17:19,260
1431 as an trading for a living. That title
1432
1433 359
1434 00:17:19,260 ~-~-> 00:17:20,850
1435 was exactly what I was looking for.
1436
1437 360
1438 00:17:21,480 ~-~-> 00:17:22,830
1439 Think about it, you know, if you want to
1440
1441 361
1442 00:17:22,860 ~-~-> 00:17:25,350
1443 be getting into this industry, as a
1444
1445 362
1446 00:17:25,350 ~-~-> 00:17:27,090
1447 trader, you know, with no understanding
1448
1449 363
1450 00:17:27,090 ~-~-> 00:17:28,710
1451 whatsoever except for the desire to want
1452
1453 364
1454 00:17:28,710 ~-~-> 00:17:30,210
1455 to make money and just sit home doing
1456
1457 365
1458 00:17:30,210 ~-~-> 00:17:32,400
1459 it. You couldn't find a better title
1460
1461 366
1462 00:17:32,400 ~-~-> 00:17:33,660
1463 book than that, you know, trading for a
1464
1465 367
1466 00:17:33,660 ~-~-> 00:17:35,520
1467 living that's exactly that personifies
1468
1469 368
1470 00:17:35,550 ~-~-> 00:17:38,580
1471 what traders do this for, they want to
1472
1473 369
1474 00:17:38,670 ~-~-> 00:17:41,010
1475 sustain themselves with just this as
1476
1477 370
1478 00:17:41,010 ~-~-> 00:17:45,300
1479 their means of income. So I purchased
1480
1481 371
1482 00:17:45,300 ~-~-> 00:17:47,700
1483 the book, and I'll be honest, when I
1484
1485 372
1486 00:17:47,700 ~-~-> 00:17:49,020
1487 first read, I was like, Man, this is
1488
1489 373
1490 00:17:49,020 ~-~-> 00:17:51,270
1491 ridiculous. I can't I can't get anything
1492
1493 374
1494 00:17:51,270 ~-~-> 00:17:53,010
1495 out of this. So I basically wasted like
1496
1497 375
1498 00:17:53,010 ~-~-> 00:17:56,250
1499 $40 and at the time I fought that and
1500
1501 376
1502 00:17:56,490 ~-~-> 00:17:58,680
1503 later on when I got a little bit more
1504
1505 377
1506 00:17:58,680 ~-~-> 00:18:00,000
1507 mature in terms of what I was thinking
1508
1509 378
1510 00:18:00,000 ~-~-> 00:18:03,300
1511 backing out of price charts and such. I
1512
1513 379
1514 00:18:03,300 ~-~-> 00:18:06,720
1515 found the latter chapters in his book I
1516
1517 380
1518 00:18:06,720 ~-~-> 00:18:09,720
1519 think if memory serves me it's page 285
1520
1521 381
1522 00:18:09,750 ~-~-> 00:18:14,130
1523 or there abouts. It's his concept of
1524
1525 382
1526 00:18:14,160 ~-~-> 00:18:17,640
1527 utilizing multiple timeframes. And I
1528
1529 383
1530 00:18:17,640 ~-~-> 00:18:20,400
1531 framed the concepts on Alexander elder
1532
1533 384
1534 00:18:20,400 ~-~-> 00:18:21,540
1535 which is the author of trading for a
1536
1537 385
1538 00:18:21,540 ~-~-> 00:18:24,720
1539 living ideas and maybe made subtle
1540
1541 386
1542 00:18:24,720 ~-~-> 00:18:26,940
1543 changes really. But if you really
1544
1545 387
1546 00:18:26,940 ~-~-> 00:18:28,800
1547 studied these concepts, you're going to
1548
1549 388
1550 00:18:28,800 ~-~-> 00:18:33,900
1551 find the the fingerprint of elder all
1552
1553 389
1554 00:18:33,900 ~-~-> 00:18:37,710
1555 through this, okay, and if one could
1556
1557 390
1558 00:18:38,130 ~-~-> 00:18:40,440
1559 claim authors of books as mentors, you
1560
1561 391
1562 00:18:40,440 ~-~-> 00:18:42,990
1563 know, obviously he was my, my first one,
1564
1565 392
1566 00:18:42,990 ~-~-> 00:18:45,390
1567 if you will. Majority of my other work
1568
1569 393
1570 00:18:45,600 ~-~-> 00:18:49,890
1571 comes from Larry Williams. Now, the
1572
1573 394
1574 00:18:49,890 ~-~-> 00:18:52,380
1575 premise is really to determine the
1576
1577 395
1578 00:18:52,380 ~-~-> 00:18:54,510
1579 likely direction of the market and then
1580
1581 396
1582 00:18:54,510 ~-~-> 00:18:59,520
1583 enter in that direction only. Now, in
1584
1585 397
1586 00:18:59,520 ~-~-> 00:19:01,110
1587 case you're one If it was just that one
1588
1589 398
1590 00:19:01,110 ~-~-> 00:19:03,480
1591 chapter that was useful, I'm going to
1592
1593 399
1594 00:19:03,480 ~-~-> 00:19:04,770
1595 recommend to you now that read the
1596
1597 400
1598 00:19:04,770 ~-~-> 00:19:07,650
1599 entire book, because it was my first
1600
1601 401
1602 00:19:07,650 ~-~-> 00:19:10,800
1603 trading text. But it was my first Aha.
1604
1605 402
1606 00:19:11,520 ~-~-> 00:19:13,920
1607 Manual, because there's so many gems
1608
1609 403
1610 00:19:14,130 ~-~-> 00:19:16,230
1611 tucked inside the texts. It's, it's,
1612
1613 404
1614 00:19:16,290 ~-~-> 00:19:20,490
1615 it's really rich, just the first few
1616
1617 405
1618 00:19:20,580 ~-~-> 00:19:23,220
1619 chapters dealing with psychology. You
1620
1621 406
1622 00:19:23,220 ~-~-> 00:19:24,630
1623 know, being a young guy and just
1624
1625 407
1626 00:19:24,630 ~-~-> 00:19:26,910
1627 impatient, and I have OCD and I have
1628
1629 408
1630 00:19:26,910 ~-~-> 00:19:29,160
1631 attention deficit disorder. And I have a
1632
1633 409
1634 00:19:29,160 ~-~-> 00:19:33,630
1635 very difficult time focusing, and a lot
1636
1637 410
1638 00:19:33,630 ~-~-> 00:19:35,460
1639 of that stuff because I grew up in an
1640
1641 411
1642 00:19:35,460 ~-~-> 00:19:37,140
1643 environment that when you read this,
1644
1645 412
1646 00:19:37,140 ~-~-> 00:19:38,940
1647 you'll understand I had a lot of
1648
1649 413
1650 00:19:38,940 ~-~-> 00:19:42,660
1651 similarities in the type of people that
1652
1653 414
1654 00:19:42,660 ~-~-> 00:19:45,150
1655 elder was describing as problematic
1656
1657 415
1658 00:19:45,660 ~-~-> 00:19:47,580
1659 people in terms of trading and how they
1660
1661 416
1662 00:19:47,580 ~-~-> 00:19:50,040
1663 have to overcome adversities
1664
1665 417
1666 00:19:50,070 ~-~-> 00:19:52,440
1667 psychologically, and how more or less
1668
1669 418
1670 00:19:52,440 ~-~-> 00:19:54,690
1671 it's a losers mentality that they have
1672
1673 419
1674 00:19:54,690 ~-~-> 00:19:55,890
1675 and what you're going to have to do to
1676
1677 420
1678 00:19:55,890 ~-~-> 00:19:57,780
1679 get beyond that. And I think it's an
1680
1681 421
1682 00:19:57,780 ~-~-> 00:20:01,260
1683 excellent read. So don't Just take the
1684
1685 422
1686 00:20:01,290 ~-~-> 00:20:05,940
1687 chapter on triple screen as the only
1688
1689 423
1690 00:20:05,940 ~-~-> 00:20:08,220
1691 real nugget in that book. It's it's,
1692
1693 424
1694 00:20:08,250 ~-~-> 00:20:09,810
1695 it's chock full of all kinds of
1696
1697 425
1698 00:20:09,810 ~-~-> 00:20:13,140
1699 wonderful insights, but really, the
1700
1701 426
1702 00:20:13,140 ~-~-> 00:20:15,630
1703 crowning jewel is the triple screen
1704
1705 427
1706 00:20:15,630 ~-~-> 00:20:17,250
1707 chapter and then obviously all the
1708
1709 428
1710 00:20:17,250 ~-~-> 00:20:18,060
1711 psychological.
1712
1713 429
1714 00:20:19,710 ~-~-> 00:20:21,270
1715 Right write up the does earlier in the
1716
1717 430
1718 00:20:21,270 ~-~-> 00:20:21,660
1719 book.
1720
1721 431
1722 00:20:28,770 ~-~-> 00:20:31,710
1723 Okay, we're going to give a homework
1724
1725 432
1726 00:20:31,710 ~-~-> 00:20:33,780
1727 assignment, okay? And it's going to be
1728
1729 433
1730 00:20:33,780 ~-~-> 00:20:37,980
1731 the mark. Now every sniper knows there
1732
1733 434
1734 00:20:37,980 ~-~-> 00:20:41,190
1735 is a target out there that he has to
1736
1737 435
1738 00:20:41,190 ~-~-> 00:20:43,830
1739 acquire, scope up and then take down.
1740
1741 436
1742 00:20:44,730 ~-~-> 00:20:50,820
1743 Now we're not going into a large list of
1744
1745 437
1746 00:20:50,850 ~-~-> 00:20:52,350
1747 technical things, but I'm going to give
1748
1749 438
1750 00:20:52,350 ~-~-> 00:20:55,680
1751 you an assignment for you to study. Now
1752
1753 439
1754 00:20:55,680 ~-~-> 00:20:57,240
1755 I'm not going to limit you to any
1756
1757 440
1758 00:20:57,240 ~-~-> 00:20:59,730
1759 particular pair. You can use this
1760
1761 441
1762 00:21:00,000 ~-~-> 00:21:03,450
1763 assignment on any currency pair you want
1764
1765 442
1766 00:21:03,450 ~-~-> 00:21:05,040
1767 but in this example I'm going to share
1768
1769 443
1770 00:21:05,040 ~-~-> 00:21:06,720
1771 with you and we're going to be utilizing
1772
1773 444
1774 00:21:06,720 ~-~-> 00:21:08,880
1775 the fiber which is the Euro USD pair.
1776
1777 445
1778 00:21:09,120 ~-~-> 00:21:13,740
1779 Okay. Hello Folks, we are now looking at
1780
1781 446
1782 00:21:13,740 ~-~-> 00:21:16,800
1783 the MT four platform. And we're going to
1784
1785 447
1786 00:21:16,800 ~-~-> 00:21:19,800
1787 open up a chart we're going to use the
1788
1789 448
1790 00:21:19,800 ~-~-> 00:21:22,560
1791 Euro USD pair and we're going to double
1792
1793 449
1794 00:21:22,560 ~-~-> 00:21:23,100
1795 tap
1796
1797 450
1798 00:21:24,660 ~-~-> 00:21:26,040
1799 the header of the chart and it'll
1800
1801 451
1802 00:21:26,040 ~-~-> 00:21:26,820
1803 maximize it.
1804
1805 452
1806 00:21:28,950 ~-~-> 00:21:30,420
1807 I'm going to change it to a candlestick
1808
1809 453
1810 00:21:30,420 ~-~-> 00:21:30,780
1811 chart.
1812
1813 454
1814 00:21:32,790 ~-~-> 00:21:34,050
1815 And we're gonna remove the grid by
1816
1817 455
1818 00:21:34,050 ~-~-> 00:21:36,960
1819 hitting our right mouse button, go down
1820
1821 456
1822 00:21:36,960 ~-~-> 00:21:39,840
1823 the grid, or you can hold down Control
1824
1825 457
1826 00:21:39,840 ~-~-> 00:21:41,550
1827 button hit G and remove your grid in the
1828
1829 458
1830 00:21:41,550 ~-~-> 00:21:44,010
1831 background. And we're going to set this
1832
1833 459
1834 00:21:44,010 ~-~-> 00:21:47,490
1835 to a more friendly to the eye color
1836
1837 460
1838 00:21:47,490 ~-~-> 00:21:50,280
1839 scheme. And I right clicked on the mouse
1840
1841 461
1842 00:21:50,310 ~-~-> 00:21:54,840
1843 button and it gives me this menu where I
1844
1845 462
1846 00:21:54,840 ~-~-> 00:21:56,550
1847 put the properties in in our in this
1848
1849 463
1850 00:21:56,550 ~-~-> 00:21:59,100
1851 little toggle box. I'm gonna click on
1852
1853 464
1854 00:21:59,100 ~-~-> 00:22:02,610
1855 black on white And sets the chart to
1856
1857 465
1858 00:22:02,610 ~-~-> 00:22:05,880
1859 this are using setting and I hit the
1860
1861 466
1862 00:22:05,880 ~-~-> 00:22:06,480
1863 shift
1864
1865 467
1866 00:22:08,040 ~-~-> 00:22:09,420
1867 key here, which sends
1868
1869 468
1870 00:22:10,230 ~-~-> 00:22:12,660
1871 the chart back away from the right edge.
1872
1873 469
1874 00:22:12,660 ~-~-> 00:22:14,190
1875 Now I like to have a little bit of open
1876
1877 470
1878 00:22:14,190 ~-~-> 00:22:16,470
1879 space over here. The amount of open
1880
1881 471
1882 00:22:16,470 ~-~-> 00:22:18,600
1883 space that you may or may not want is up
1884
1885 472
1886 00:22:18,600 ~-~-> 00:22:20,400
1887 to you, which you can slide that little
1888
1889 473
1890 00:22:20,400 ~-~-> 00:22:22,560
1891 triangle here by clicking on it with
1892
1893 474
1894 00:22:22,560 ~-~-> 00:22:25,410
1895 your left mouse button and just moving
1896
1897 475
1898 00:22:25,410 ~-~-> 00:22:27,270
1899 it along where you want it. Wherever you
1900
1901 476
1902 00:22:27,270 ~-~-> 00:22:29,190
1903 drop it, that's where the chart will
1904
1905 477
1906 00:22:29,190 ~-~-> 00:22:32,760
1907 end. Okay. So now what we're going to
1908
1909 478
1910 00:22:32,760 ~-~-> 00:22:35,220
1911 talk about here is I'm going to show you
1912
1913 479
1914 00:22:35,220 ~-~-> 00:22:38,790
1915 a 15 minute chart. And I'm going to ask
1916
1917 480
1918 00:22:38,790 ~-~-> 00:22:43,080
1919 you to look at this chart. Okay, and I
1920
1921 481
1922 00:22:43,080 ~-~-> 00:22:45,720
1923 want you to study it. And tell me what
1924
1925 482
1926 00:22:45,720 ~-~-> 00:22:49,830
1927 you see. After a period of time now I'm
1928
1929 483
1930 00:22:49,830 ~-~-> 00:22:55,920
1931 not asking you to send it obviously in
1932
1933 484
1934 00:22:55,920 ~-~-> 00:22:57,630
1935 the morning, I doubt I want you to send
1936
1937 485
1938 00:22:57,630 ~-~-> 00:23:01,350
1939 it to the thread at FX gate. Dot Coms,
1940
1941 486
1942 00:23:01,920 ~-~-> 00:23:05,640
1943 forum thread. And the thread that's self
1944
1945 487
1946 00:23:05,640 ~-~-> 00:23:08,640
1947 titled and with this video series, very
1948
1949 488
1950 00:23:08,640 ~-~-> 00:23:11,400
1951 easy to find. What we're looking at here
1952
1953 489
1954 00:23:11,880 ~-~-> 00:23:15,030
1955 is a specific price model that we're
1956
1957 490
1958 00:23:15,030 ~-~-> 00:23:17,190
1959 going to cover in great detail during
1960
1961 491
1962 00:23:17,190 ~-~-> 00:23:20,010
1963 this eight part video series. And I
1964
1965 492
1966 00:23:20,010 ~-~-> 00:23:22,710
1967 promise when you're done studying this,
1968
1969 493
1970 00:23:22,740 ~-~-> 00:23:25,110
1971 you're going to have far greater
1972
1973 494
1974 00:23:25,110 ~-~-> 00:23:27,810
1975 understanding and price action than any
1976
1977 495
1978 00:23:27,870 ~-~-> 00:23:30,330
1979 other resource available on the internet
1980
1981 496
1982 00:23:30,360 ~-~-> 00:23:33,330
1983 or in book. You're talking about
1984
1985 497
1986 00:23:33,330 ~-~-> 00:23:36,120
1987 something that is so generic, it's going
1988
1989 498
1990 00:23:36,120 ~-~-> 00:23:40,350
1991 to be always seen in the marketplace, in
1992
1993 499
1994 00:23:40,350 ~-~-> 00:23:45,180
1995 any timeframe, okay? But for real world
1996
1997 500
1998 00:23:45,180 ~-~-> 00:23:48,210
1999 purposes, okay for you to study. I want
2000
2001 501
2002 00:23:48,210 ~-~-> 00:23:51,570
2003 you to use this example here. Okay, and
2004
2005 502
2006 00:23:51,870 ~-~-> 00:23:56,670
2007 start with August 2013. And right now
2008
2009 503
2010 00:23:56,670 ~-~-> 00:23:58,380
2011 the time of this recording
2012
2013 504
2014 00:23:59,730 ~-~-> 00:24:00,570
2015 it is
2016
2017 505
2018 00:24:03,149 ~-~-> 00:24:06,749
2019 August 14, okay, and what I'm looking
2020
2021 506
2022 00:24:06,749 ~-~-> 00:24:12,689
2023 for is in terms of a repeating theme of
2024
2025 507
2026 00:24:12,719 ~-~-> 00:24:15,299
2027 what price is doing, and how it could be
2028
2029 508
2030 00:24:15,329 ~-~-> 00:24:18,449
2031 anticipated going in the future. And I
2032
2033 509
2034 00:24:18,449 ~-~-> 00:24:26,099
2035 also want you to note specific criteria
2036
2037 510
2038 00:24:26,129 ~-~-> 00:24:29,639
2039 that you see repeating in the way prices
2040
2041 511
2042 00:24:29,639 ~-~-> 00:24:32,039
2043 moving from one swing point to the next.
2044
2045 512
2046 00:24:32,249 ~-~-> 00:24:34,409
2047 Okay? And what is the swing point swing
2048
2049 513
2050 00:24:34,409 ~-~-> 00:24:36,569
2051 points are like this here, this low with
2052
2053 514
2054 00:24:36,569 ~-~-> 00:24:38,909
2055 higher lows on either side of it. Here's
2056
2057 515
2058 00:24:38,909 ~-~-> 00:24:40,019
2059 a low with higher lows
2060
2061 516
2062 00:24:40,020 ~-~-> 00:24:40,800
2063 on either side of it.
2064
2065 517
2066 00:24:42,630 ~-~-> 00:24:45,660
2067 Every turning point here, okay, these
2068
2069 518
2070 00:24:45,660 ~-~-> 00:24:48,540
2071 are all swing points. Now, if you don't
2072
2073 519
2074 00:24:48,540 ~-~-> 00:24:50,190
2075 understand what a swing point is, and
2076
2077 520
2078 00:24:50,190 ~-~-> 00:24:52,800
2079 you're if it's going a little too fast
2080
2081 521
2082 00:24:52,800 ~-~-> 00:24:55,530
2083 for you, the easiest way for you to
2084
2085 522
2086 00:24:55,830 ~-~-> 00:24:58,230
2087 learn to see what the swing part swing
2088
2089 523
2090 00:24:58,230 ~-~-> 00:25:01,950
2091 points are rather Mt four. If you go up
2092
2093 524
2094 00:25:01,950 ~-~-> 00:25:04,650
2095 to the little Insert tab, click on that.
2096
2097 525
2098 00:25:05,100 ~-~-> 00:25:08,670
2099 Go to indicators. And go over to Bill
2100
2101 526
2102 00:25:08,670 ~-~-> 00:25:11,670
2103 Williams section in the top of the list.
2104
2105 527
2106 00:25:12,030 ~-~-> 00:25:14,160
2107 It'll say fractals. Okay, if you click
2108
2109 528
2110 00:25:14,160 ~-~-> 00:25:16,050
2111 on that, it'll give you a little box
2112
2113 529
2114 00:25:16,050 ~-~-> 00:25:18,330
2115 here. Now I'm going to keep it red. And
2116
2117 530
2118 00:25:18,360 ~-~-> 00:25:20,370
2119 if you use this over here to tell you
2120
2121 531
2122 00:25:20,370 ~-~-> 00:25:23,790
2123 how big you want these fractal arrow
2124
2125 532
2126 00:25:23,850 ~-~-> 00:25:26,130
2127 arrows to appear on your chart, I'm
2128
2129 533
2130 00:25:26,130 ~-~-> 00:25:28,890
2131 going to use this setting here. And I
2132
2133 534
2134 00:25:28,890 ~-~-> 00:25:31,350
2135 click OK. And what that's done is it
2136
2137 535
2138 00:25:31,350 ~-~-> 00:25:34,320
2139 creates all these little arrowheads.
2140
2141 536
2142 00:25:34,800 ~-~-> 00:25:37,110
2143 Okay, and the arrowhead just delineates
2144
2145 537
2146 00:25:37,470 ~-~-> 00:25:39,930
2147 a point at which when one candle is
2148
2149 538
2150 00:25:39,930 ~-~-> 00:25:43,530
2151 surrounded by two higher load candles
2152
2153 539
2154 00:25:43,530 ~-~-> 00:25:45,750
2155 for a swing low, in this case, it would
2156
2157 540
2158 00:25:45,750 ~-~-> 00:25:49,320
2159 be here and for swing high, it would be
2160
2161 541
2162 00:25:49,350 ~-~-> 00:25:51,990
2163 a candle that has two lower highs on
2164
2165 542
2166 00:25:51,990 ~-~-> 00:25:54,000
2167 either side of it. Now I'll zoom in in a
2168
2169 543
2170 00:25:54,000 ~-~-> 00:25:56,070
2171 moment to give you a better view of what
2172
2173 544
2174 00:25:56,070 ~-~-> 00:25:59,580
2175 that looks like for now. You're not
2176
2177 545
2178 00:25:59,580 ~-~-> 00:26:01,230
2179 going to use Every single one of these
2180
2181 546
2182 00:26:01,230 ~-~-> 00:26:04,140
2183 obviously, okay? But what I want you to
2184
2185 547
2186 00:26:04,140 ~-~-> 00:26:05,940
2187 do is I want you to train your eye.
2188
2189 548
2190 00:26:06,510 ~-~-> 00:26:08,970
2191 Okay, and zoom in just for a little bit.
2192
2193 549
2194 00:26:11,520 ~-~-> 00:26:13,290
2195 Okay, I'll give you an example of what
2196
2197 550
2198 00:26:13,440 ~-~-> 00:26:15,870
2199 this is delineating here, the fractal
2200
2201 551
2202 00:26:15,930 ~-~-> 00:26:20,040
2203 arrow to take the toggle off so it
2204
2205 552
2206 00:26:20,040 ~-~-> 00:26:21,360
2207 doesn't move around as I'm talking.
2208
2209 553
2210 00:26:22,020 ~-~-> 00:26:25,230
2211 We'll use this one here. This fractal
2212
2213 554
2214 00:26:25,230 ~-~-> 00:26:28,980
2215 high has a lower candle to the left of
2216
2217 555
2218 00:26:28,980 ~-~-> 00:26:31,170
2219 it and to the left of that it's a lower
2220
2221 556
2222 00:26:31,230 ~-~-> 00:26:34,680
2223 candle. Okay, and then onwards this
2224
2225 557
2226 00:26:34,680 ~-~-> 00:26:37,410
2227 candle here has a lower high candle and
2228
2229 558
2230 00:26:37,410 ~-~-> 00:26:39,390
2231 a lower high candle so both these
2232
2233 559
2234 00:26:39,390 ~-~-> 00:26:41,280
2235 candles on the right have highs that's
2236
2237 560
2238 00:26:41,280 ~-~-> 00:26:44,040
2239 lower than the high this candle and
2240
2241 561
2242 00:26:44,040 ~-~-> 00:26:46,110
2243 these candles here on the left of it
2244
2245 562
2246 00:26:47,040 ~-~-> 00:26:49,590
2247 have lower highs and this candle high.
2248
2249 563
2250 00:26:49,620 ~-~-> 00:26:52,500
2251 So then the empty for platform will mark
2252
2253 564
2254 00:26:52,500 ~-~-> 00:26:57,420
2255 this as a fractal high. Okay. Now, as we
2256
2257 565
2258 00:26:57,420 ~-~-> 00:27:00,450
2259 will learn in later video module In this
2260
2261 566
2262 00:27:00,450 ~-~-> 00:27:04,800
2263 series, I do not require waiting until
2264
2265 567
2266 00:27:04,800 ~-~-> 00:27:07,140
2267 two candles after the highest form.
2268
2269 568
2270 00:27:07,440 ~-~-> 00:27:09,270
2271 Okay, sometimes you'll see that you'll
2272
2273 569
2274 00:27:09,270 ~-~-> 00:27:12,300
2275 miss the optimal entry point in terms of
2276
2277 570
2278 00:27:12,360 ~-~-> 00:27:17,070
2279 taking the trade, okay? And vice versa.
2280
2281 571
2282 00:27:17,070 ~-~-> 00:27:19,590
2283 And looking at the low here, if you see
2284
2285 572
2286 00:27:19,590 ~-~-> 00:27:22,470
2287 a low with two higher load candles on
2288
2289 573
2290 00:27:22,470 ~-~-> 00:27:24,390
2291 the left of it, and two higher load
2292
2293 574
2294 00:27:24,390 ~-~-> 00:27:25,860
2295 candles on the right of it, that would
2296
2297 575
2298 00:27:25,860 ~-~-> 00:27:29,580
2299 be a marker for a fractal low or swing
2300
2301 576
2302 00:27:29,580 ~-~-> 00:27:32,370
2303 low. Now, look at this chart for a
2304
2305 577
2306 00:27:32,370 ~-~-> 00:27:34,260
2307 second before we take the fractal
2308
2309 578
2310 00:27:34,260 ~-~-> 00:27:39,450
2311 indicator off. Now we're just going to
2312
2313 579
2314 00:27:39,450 ~-~-> 00:27:43,770
2315 take this indicator off. And now I want
2316
2317 580
2318 00:27:43,770 ~-~-> 00:27:45,720
2319 you to look at the chart again. Can you
2320
2321 581
2322 00:27:45,720 ~-~-> 00:27:47,910
2323 see those same reference points without
2324
2325 582
2326 00:27:47,910 ~-~-> 00:27:50,370
2327 having that tool applied to the chart?
2328
2329 583
2330 00:27:51,480 ~-~-> 00:27:52,950
2331 Because that's what you're going to have
2332
2333 584
2334 00:27:52,950 ~-~-> 00:27:56,100
2335 to learn to do. Okay, because you need
2336
2337 585
2338 00:27:56,100 ~-~-> 00:27:59,640
2339 to see these forming in real time and
2340
2341 586
2342 00:28:00,000 ~-~-> 00:28:02,760
2343 Right now I'll give you an example. We
2344
2345 587
2346 00:28:02,760 ~-~-> 00:28:05,190
2347 have one forming here. This is a live
2348
2349 588
2350 00:28:05,220 ~-~-> 00:28:08,940
2351 price chart, it's not recorded, I'm not
2352
2353 589
2354 00:28:08,940 ~-~-> 00:28:11,220
2355 dwelling over something. In hindsight,
2356
2357 590
2358 00:28:11,550 ~-~-> 00:28:13,800
2359 this is really happening right now. And
2360
2361 591
2362 00:28:13,800 ~-~-> 00:28:17,370
2363 we have a low with a higher low here and
2364
2365 592
2366 00:28:17,370 ~-~-> 00:28:20,550
2367 a higher low here. That in itself is a
2368
2369 593
2370 00:28:20,550 ~-~-> 00:28:25,950
2371 swing low. So this could be a short term
2372
2373 594
2374 00:28:25,950 ~-~-> 00:28:28,200
2375 low that made see price move higher from
2376
2377 595
2378 00:28:28,470 ~-~-> 00:28:30,930
2379 now, we can't just base that simply on
2380
2381 596
2382 00:28:30,930 ~-~-> 00:28:32,520
2383 that alone. There's got to be other
2384
2385 597
2386 00:28:32,520 ~-~-> 00:28:35,310
2387 things and other criteria to add to it.
2388
2389 598
2390 00:28:35,610 ~-~-> 00:28:37,770
2391 But that's what you'd be looking for as
2392
2393 599
2394 00:28:37,800 ~-~-> 00:28:40,050
2395 a potential turning point. If you look
2396
2397 600
2398 00:28:40,050 ~-~-> 00:28:43,050
2399 at every turning point, or swing in the
2400
2401 601
2402 00:28:43,050 ~-~-> 00:28:45,630
2403 marketplace, you can see that that
2404
2405 602
2406 00:28:45,630 ~-~-> 00:28:47,910
2407 pattern exists. It's very generic, it's
2408
2409 603
2410 00:28:47,910 ~-~-> 00:28:50,460
2411 there all the time. You have a high with
2412
2413 604
2414 00:28:50,460 ~-~-> 00:28:55,980
2415 two lower highs surrounding okay. Every
2416
2417 605
2418 00:28:55,980 ~-~-> 00:28:58,800
2419 high and low swinging up down up down
2420
2421 606
2422 00:28:58,830 ~-~-> 00:29:00,210
2423 that natural ebb and flow in the
2424
2425 607
2426 00:29:00,210 ~-~-> 00:29:03,450
2427 marketplace, is seen with this
2428
2429 608
2430 00:29:03,930 ~-~-> 00:29:06,450
2431 characteristic in price action. Now,
2432
2433 609
2434 00:29:07,260 ~-~-> 00:29:13,560
2435 let's go out to an hourly chart. And
2436
2437 610
2438 00:29:13,560 ~-~-> 00:29:15,360
2439 we're going to go and look at another
2440
2441 611
2442 00:29:15,390 ~-~-> 00:29:17,910
2443 sample size of price action.
2444
2445 612
2446 00:29:19,560 ~-~-> 00:29:20,970
2447 And we're going to look at
2448
2449 613
2450 00:29:22,710 ~-~-> 00:29:25,230
2451 the beginning of July.
2452
2453 614
2454 00:29:27,119 ~-~-> 00:29:28,769
2455 Look at the first week of July.
2456
2457 615
2458 00:29:35,610 ~-~-> 00:29:36,600
2459 This is good right here.
2460
2461 616
2462 00:29:39,030 ~-~-> 00:29:42,210
2463 Okay. And I want you to study this
2464
2465 617
2466 00:29:42,210 ~-~-> 00:29:44,670
2467 sample size and data as well. Okay, so
2468
2469 618
2470 00:29:44,670 ~-~-> 00:29:48,900
2471 we're looking at July 1, to say July 9,
2472
2473 619
2474 00:29:49,140 ~-~-> 00:29:52,590
2475 okay. And let's hold down the Ctrl key
2476
2477 620
2478 00:29:52,860 ~-~-> 00:29:54,450
2479 on your mouse. I mean, I'm sorry, on
2480
2481 621
2482 00:29:54,450 ~-~-> 00:29:57,420
2483 your keyboard and hit the letter Y as in
2484
2485 622
2486 00:29:57,480 ~-~-> 00:29:59,640
2487 the word Yes. And that'll give you your
2488
2489 623
2490 00:29:59,640 ~-~-> 00:30:01,560
2491 vertical delineating bars. Okay, and
2492
2493 624
2494 00:30:01,560 ~-~-> 00:30:03,390
2495 what this is doing is is the double
2496
2497 625
2498 00:30:03,390 ~-~-> 00:30:06,420
2499 lines is a Sunday. This is Monday's
2500
2501 626
2502 00:30:06,420 ~-~-> 00:30:08,610
2503 trading. This is Tuesdays trading in
2504
2505 627
2506 00:30:08,610 ~-~-> 00:30:10,380
2507 between the two vertical lines is
2508
2509 628
2510 00:30:10,380 ~-~-> 00:30:12,900
2511 Wednesdays Thursday and Friday trading
2512
2513 629
2514 00:30:12,900 ~-~-> 00:30:14,130
2515 and then we start a new week on
2516
2517 630
2518 00:30:14,310 ~-~-> 00:30:14,970
2519 Sunday.
2520
2521 631
2522 00:30:16,470 ~-~-> 00:30:20,850
2523 I want you to study June 1 to June 5.
2524
2525 632
2526 00:30:21,570 ~-~-> 00:30:24,300
2527 Okay? In other words, this whole pocket
2528
2529 633
2530 00:30:26,730 ~-~-> 00:30:27,750
2531 of price action.
2532
2533 634
2534 00:30:32,640 ~-~-> 00:30:35,100
2535 This right here, okay, so when you have
2536
2537 635
2538 00:30:35,100 ~-~-> 00:30:39,510
2539 your platform downloaded and set up at
2540
2541 636
2542 00:30:39,510 ~-~-> 00:30:41,490
2543 the default settings, you want to change
2544
2545 637
2546 00:30:41,490 ~-~-> 00:30:42,750
2547 anything yet, we're going to talk about
2548
2549 638
2550 00:30:42,750 ~-~-> 00:30:44,460
2551 all those changes, and then all the
2552
2553 639
2554 00:30:44,460 ~-~-> 00:30:46,770
2555 little cool indicators along the way as
2556
2557 640
2558 00:30:46,770 ~-~-> 00:30:49,230
2559 we go through each video. I promise you
2560
2561 641
2562 00:30:49,230 ~-~-> 00:30:50,790
2563 this is going to be the most boring one.
2564
2565 642
2566 00:30:51,090 ~-~-> 00:30:54,750
2567 But if you put the work in Now, what I'm
2568
2569 643
2570 00:30:54,750 ~-~-> 00:30:56,460
2571 asking you to look for here my promise
2572
2573 644
2574 00:30:56,460 ~-~-> 00:30:58,350
2575 when you look at the last video in this
2576
2577 645
2578 00:30:58,350 ~-~-> 00:31:02,190
2579 series, The Two sample sizes of price
2580
2581 646
2582 00:31:02,190 ~-~-> 00:31:04,680
2583 data is going to be amazing, okay? And
2584
2585 647
2586 00:31:04,680 ~-~-> 00:31:05,580
2587 you're going to be floored by what
2588
2589 648
2590 00:31:05,580 ~-~-> 00:31:07,320
2591 you'll understand by that point. Okay.
2592
2593 649
2594 00:31:07,740 ~-~-> 00:31:11,790
2595 So now looking at this sample size and
2596
2597 650
2598 00:31:11,790 ~-~-> 00:31:13,650
2599 data, okay, the questions I want you to
2600
2601 651
2602 00:31:14,250 ~-~-> 00:31:17,970
2603 focus on in terms of study is I want you
2604
2605 652
2606 00:31:17,970 ~-~-> 00:31:21,240
2607 to look at every swing point in this
2608
2609 653
2610 00:31:21,240 ~-~-> 00:31:24,570
2611 sample size. I also want you to look at
2612
2613 654
2614 00:31:24,720 ~-~-> 00:31:27,990
2615 the time of day that those turning
2616
2617 655
2618 00:31:27,990 ~-~-> 00:31:28,560
2619 points
2620
2621 656
2622 00:31:28,620 ~-~-> 00:31:29,190
2623 occurred.
2624
2625 657
2626 00:31:30,510 ~-~-> 00:31:32,790
2627 And I want you to look at the direction
2628
2629 658
2630 00:31:33,000 ~-~-> 00:31:36,900
2631 of which made the most in terms of pips,
2632
2633 659
2634 00:31:37,050 ~-~-> 00:31:38,550
2635 obviously, you can see it's been a down
2636
2637 660
2638 00:31:38,550 ~-~-> 00:31:44,160
2639 move. But what characteristics were
2640
2641 661
2642 00:31:44,160 ~-~-> 00:31:47,190
2643 synonymous with just about every single
2644
2645 662
2646 00:31:47,190 ~-~-> 00:31:49,320
2647 one of these turning points, and I
2648
2649 663
2650 00:31:49,320 ~-~-> 00:31:52,380
2651 promise if you study it, not just simply
2652
2653 664
2654 00:31:52,380 ~-~-> 00:31:54,480
2655 on on one hour chart, but break it down
2656
2657 665
2658 00:31:54,750 ~-~-> 00:31:57,660
2659 into a 15 minute chart basis. And if you
2660
2661 666
2662 00:31:57,900 ~-~-> 00:32:00,480
2663 look at a five minute basis, that'll Be
2664
2665 667
2666 00:32:00,480 ~-~-> 00:32:01,290
2667 more insightful
2668
2669 668
2670 00:32:01,290 ~-~-> 00:32:02,010
2671 to you as well.
2672
2673 669
2674 00:32:03,510 ~-~-> 00:32:05,880
2675 Don't be discouraged when we go to part
2676
2677 670
2678 00:32:05,880 ~-~-> 00:32:10,140
2679 two. And I show you some things that you
2680
2681 671
2682 00:32:10,140 ~-~-> 00:32:13,260
2683 should glean from the price action with
2684
2685 672
2686 00:32:13,260 ~-~-> 00:32:14,760
2687 no understanding whatsoever about
2688
2689 673
2690 00:32:15,600 ~-~-> 00:32:17,280
2691 technical analysis, you should still
2692
2693 674
2694 00:32:17,280 ~-~-> 00:32:20,250
2695 understand time and price. Okay, now,
2696
2697 675
2698 00:32:20,370 ~-~-> 00:32:23,610
2699 what time of day did these particular
2700
2701 676
2702 00:32:23,820 ~-~-> 00:32:26,940
2703 swings take place? And mt four is
2704
2705 677
2706 00:32:26,940 ~-~-> 00:32:31,410
2707 generally set up is GMT platform. So
2708
2709 678
2710 00:32:31,410 ~-~-> 00:32:33,090
2711 that was all the time at the bottom of
2712
2713 679
2714 00:32:33,090 ~-~-> 00:32:35,730
2715 your chart here is this is all GMT time.
2716
2717 680
2718 00:32:36,420 ~-~-> 00:32:39,180
2719 Okay, I want you to take notes, write it
2720
2721 681
2722 00:32:39,180 ~-~-> 00:32:41,580
2723 down in a book. Okay, and get yourself a
2724
2725 682
2726 00:32:41,850 ~-~-> 00:32:46,680
2727 little notepad. Okay, and this is your
2728
2729 683
2730 00:32:47,280 ~-~-> 00:32:49,590
2731 workbook for this whole video series.
2732
2733 684
2734 00:32:49,950 ~-~-> 00:32:51,270
2735 You're going to have pages of notes by
2736
2737 685
2738 00:32:51,270 ~-~-> 00:32:53,460
2739 the time we're done, I promise you, and
2740
2741 686
2742 00:32:53,490 ~-~-> 00:32:55,500
2743 the notes that you collect along the way
2744
2745 687
2746 00:32:55,860 ~-~-> 00:32:58,020
2747 are going to be worth their weight in
2748
2749 688
2750 00:32:58,020 ~-~-> 00:33:00,120
2751 gold. Okay, cuz this is insights. You
2752
2753 689
2754 00:33:00,120 ~-~-> 00:33:02,100
2755 just don't get anywhere else. And it's
2756
2757 690
2758 00:33:02,490 ~-~-> 00:33:04,470
2759 nearly two decades worth of insights
2760
2761 691
2762 00:33:04,500 ~-~-> 00:33:06,900
2763 that's coming to you for free. Okay, so
2764
2765 692
2766 00:33:06,900 ~-~-> 00:33:08,490
2767 I want you to appreciate that because it
2768
2769 693
2770 00:33:08,490 ~-~-> 00:33:11,580
2771 takes a lot for me to number one.
2772
2773 694
2774 00:33:13,679 ~-~-> 00:33:15,809
2775 put these together in terms of a
2776
2777 695
2778 00:33:15,809 ~-~-> 00:33:16,439
2779 teaching,
2780
2781 696
2782 00:33:17,130 ~-~-> 00:33:19,860
2783 and also be able to have a sense of
2784
2785 697
2786 00:33:19,860 ~-~-> 00:33:23,220
2787 continuity and hopefully get you to an
2788
2789 698
2790 00:33:23,220 ~-~-> 00:33:25,050
2791 end result that was in mind from the
2792
2793 699
2794 00:33:25,050 ~-~-> 00:33:26,070
2795 beginning, which is a greater
2796
2797 700
2798 00:33:26,070 ~-~-> 00:33:27,570
2799 understanding on price action and you as
2800
2801 701
2802 00:33:27,570 ~-~-> 00:33:29,310
2803 a trader, and how to utilize that
2804
2805 702
2806 00:33:29,310 ~-~-> 00:33:31,080
2807 insight gleaned in your own
2808
2809 703
2810 00:33:31,080 ~-~-> 00:33:32,940
2811 demonstrating, and development as a
2812
2813 704
2814 00:33:32,940 ~-~-> 00:33:36,510
2815 trader. So now, again, key points are,
2816
2817 705
2818 00:33:36,960 ~-~-> 00:33:39,420
2819 what time of day, every turning point in
2820
2821 706
2822 00:33:39,420 ~-~-> 00:33:41,610
2823 this sample size and the one we showed
2824
2825 707
2826 00:33:41,610 ~-~-> 00:33:48,390
2827 before, and what price levels did they
2828
2829 708
2830 00:33:48,390 ~-~-> 00:33:50,400
2831 occur at? Okay, and it means you need to
2832
2833 709
2834 00:33:50,400 ~-~-> 00:33:53,070
2835 be marking up your chart, drawing lines,
2836
2837 710
2838 00:33:53,100 ~-~-> 00:33:56,040
2839 okay, and make scribbled up, okay. I
2840
2841 711
2842 00:33:56,040 ~-~-> 00:33:58,230
2843 mean, don't be afraid to put notations
2844
2845 712
2846 00:33:58,230 ~-~-> 00:33:59,400
2847 on your charts. I don't know why guys.
2848
2849 713
2850 00:34:00,000 ~-~-> 00:34:01,080
2851 You know, in the beginning of the
2852
2853 714
2854 00:34:01,080 ~-~-> 00:34:02,760
2855 channel, learn to try to keep the charts
2856
2857 715
2858 00:34:02,760 ~-~-> 00:34:03,900
2859 clean when you understand what you're
2860
2861 716
2862 00:34:03,900 ~-~-> 00:34:05,940
2863 looking for, then it's advisable I like
2864
2865 717
2866 00:34:05,940 ~-~-> 00:34:07,680
2867 to keep my charts very clean. But in the
2868
2869 718
2870 00:34:07,680 ~-~-> 00:34:10,260
2871 beginning, be messy. Okay? Make it fun,
2872
2873 719
2874 00:34:10,260 ~-~-> 00:34:11,610
2875 get in there and draw some notes on this
2876
2877 720
2878 00:34:11,610 ~-~-> 00:34:15,450
2879 stuff. And in fact, if you go to say you
2880
2881 721
2882 00:34:15,450 ~-~-> 00:34:17,250
2883 have this chart like you have here,
2884
2885 722
2886 00:34:18,120 ~-~-> 00:34:20,010
2887 okay, go up to File.
2888
2889 723
2890 00:34:21,570 ~-~-> 00:34:23,580
2891 Okay, and you want to save as picture.
2892
2893 724
2894 00:34:24,869 ~-~-> 00:34:27,329
2895 And you just click active work space.
2896
2897 725
2898 00:34:27,359 ~-~-> 00:34:29,129
2899 And I'll show you what happens when you
2900
2901 726
2902 00:34:29,129 ~-~-> 00:34:33,329
2903 do that. By doing that, MT four will
2904
2905 727
2906 00:34:33,329 ~-~-> 00:34:36,839
2907 generate a image file of your actual
2908
2909 728
2910 00:34:36,839 ~-~-> 00:34:41,009
2911 workspace. And by doing that, you'll be
2912
2913 729
2914 00:34:41,009 ~-~-> 00:34:43,679
2915 able to have a image file that will be
2916
2917 730
2918 00:34:43,679 ~-~-> 00:34:46,079
2919 in your web browser. And let's move over
2920
2921 731
2922 00:34:46,079 ~-~-> 00:34:47,219
2923 that now. And you can take a look at
2924
2925 732
2926 00:34:47,219 ~-~-> 00:34:47,849
2927 what it's done.
2928
2929 733
2930 00:34:54,270 ~-~-> 00:34:56,820
2931 Okay, you can see it created an image
2932
2933 734
2934 00:34:56,820 ~-~-> 00:34:59,220
2935 file. Okay, and it's exactly what your
2936
2937 735
2938 00:34:59,220 ~-~-> 00:35:03,180
2939 chart showed an empty for platform now
2940
2941 736
2942 00:35:03,240 ~-~-> 00:35:05,520
2943 zoom elevates, you can see that it gives
2944
2945 737
2946 00:35:05,520 ~-~-> 00:35:09,810
2947 you all the detail and data here and you
2948
2949 738
2950 00:35:09,810 ~-~-> 00:35:12,630
2951 scroll up. You can see everything here.
2952
2953 739
2954 00:35:12,990 ~-~-> 00:35:15,180
2955 Now it's to me, I would advise you to
2956
2957 740
2958 00:35:15,180 ~-~-> 00:35:18,390
2959 take this image and print it out, print
2960
2961 741
2962 00:35:18,390 ~-~-> 00:35:19,950
2963 it out and draw your lines on it with
2964
2965 742
2966 00:35:19,950 ~-~-> 00:35:23,670
2967 your own hand with your pencil ruler, do
2968
2969 743
2970 00:35:23,670 ~-~-> 00:35:25,800
2971 it like that, okay, and get used to
2972
2973 744
2974 00:35:26,040 ~-~-> 00:35:28,740
2975 marking up the charts, putting lines in
2976
2977 745
2978 00:35:29,070 ~-~-> 00:35:31,260
2979 and support resistance levels and make
2980
2981 746
2982 00:35:31,260 ~-~-> 00:35:33,600
2983 notations at time price. And then I
2984
2985 747
2986 00:35:33,600 ~-~-> 00:35:35,670
2987 promise you if you do this every single
2988
2989 748
2990 00:35:35,670 ~-~-> 00:35:38,070
2991 day for one pair, and it doesn't have to
2992
2993 749
2994 00:35:38,070 ~-~-> 00:35:40,170
2995 be the fiber Euro USD pair. It could be
2996
2997 750
2998 00:35:40,170 ~-~-> 00:35:42,360
2999 the cable British Pound USD. It could be
3000
3001 751
3002 00:35:42,360 ~-~-> 00:35:45,390
3003 the Japanese yen. It could be the kiwi
3004
3005 752
3006 00:35:45,390 ~-~-> 00:35:46,470
3007 could be the Australian dollar.
3008
3009 753
3010 00:35:46,620 ~-~-> 00:35:49,080
3011 It could be the beast, you know,
3012
3013 754
3014 00:35:51,750 ~-~-> 00:35:55,560
3015 Euro yen, British Pound yen, any of any
3016
3017 755
3018 00:35:55,650 ~-~-> 00:35:58,200
3019 pair of your choosing. It's not
3020
3021 756
3022 00:35:58,200 ~-~-> 00:35:59,250
3023 important as to which one you're
3024
3025 757
3026 00:35:59,250 ~-~-> 00:36:02,520
3027 choosing But get real close to price
3028
3029 758
3030 00:36:02,520 ~-~-> 00:36:04,740
3031 action by studying one pair, it could be
3032
3033 759
3034 00:36:04,740 ~-~-> 00:36:07,320
3035 the dollar index as well. But what
3036
3037 760
3038 00:36:07,320 ~-~-> 00:36:08,250
3039 you're gonna be doing is, is you're
3040
3041 761
3042 00:36:08,250 ~-~-> 00:36:12,780
3043 going to be building at least 30 days
3044
3045 762
3046 00:36:12,780 ~-~-> 00:36:16,410
3047 worth of sample size data, okay? You
3048
3049 763
3050 00:36:16,410 ~-~-> 00:36:20,190
3051 want a whole month's worth, okay? That
3052
3053 764
3054 00:36:20,190 ~-~-> 00:36:21,360
3055 means you're going to have to explain,
3056
3057 765
3058 00:36:21,450 ~-~-> 00:36:22,860
3059 actually spend a little bit more than
3060
3061 766
3062 00:36:22,860 ~-~-> 00:36:24,930
3063 actual one calendar month, okay? Because
3064
3065 767
3066 00:36:24,930 ~-~-> 00:36:26,790
3067 you don't have 30 trading days in a
3068
3069 768
3070 00:36:26,790 ~-~-> 00:36:28,770
3071 month. Okay. So now what you're gonna be
3072
3073 769
3074 00:36:28,770 ~-~-> 00:36:29,940
3075 doing is you're going to be collecting
3076
3077 770
3078 00:36:29,940 ~-~-> 00:36:32,850
3079 at least 30 sample size of actual
3080
3081 771
3082 00:36:32,850 ~-~-> 00:36:35,370
3083 trading days, 30 trading days. And now I
3084
3085 772
3086 00:36:35,370 ~-~-> 00:36:38,910
3087 want you to do that with a five minute
3088
3089 773
3090 00:36:38,910 ~-~-> 00:36:42,000
3091 chart. And I want you to do that with a
3092
3093 774
3094 00:36:42,000 ~-~-> 00:36:44,700
3095 15 minute chart for every single day
3096
3097 775
3098 00:36:44,700 ~-~-> 00:36:46,320
3099 going forward for whatever particular
3100
3101 776
3102 00:36:46,320 ~-~-> 00:36:48,270
3103 period you'd like to trade. And I want
3104
3105 777
3106 00:36:48,270 ~-~-> 00:36:50,310
3107 you to mark off every single time the
3108
3109 778
3110 00:36:50,310 ~-~-> 00:36:52,500
3111 market turns, intraday, it makes the
3112
3113 779
3114 00:36:52,500 ~-~-> 00:36:54,180
3115 higher low of the day and once you make
3116
3117 780
3118 00:36:54,180 ~-~-> 00:36:57,210
3119 a reference of what time it does it and
3120
3121 781
3122 00:36:57,210 ~-~-> 00:36:59,250
3123 what time it ends the opposite end of
3124
3125 782
3126 00:36:59,250 ~-~-> 00:37:00,840
3127 the range. In other words, What time did
3128
3129 783
3130 00:37:00,840 ~-~-> 00:37:02,430
3131 you make the high today? What time they
3132
3133 784
3134 00:37:02,430 ~-~-> 00:37:04,290
3135 make the low today and you need to do
3136
3137 785
3138 00:37:04,290 ~-~-> 00:37:07,590
3139 this for 30 days. And I promise you by
3140
3141 786
3142 00:37:07,590 ~-~-> 00:37:10,290
3143 the time again we get that exercise
3144
3145 787
3146 00:37:10,290 ~-~-> 00:37:12,090
3147 you're going to have an immense new
3148
3149 788
3150 00:37:12,150 ~-~-> 00:37:14,820
3151 understanding of price action and what
3152
3153 789
3154 00:37:15,450 ~-~-> 00:37:17,910
3155 routinely happens in the financial
3156
3157 790
3158 00:37:17,910 ~-~-> 00:37:18,570
3159 markets.
3160
3161