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3		-ICT: Okay guys, welcome to Episode Four
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	2	+|1 |00:00:55,980 ~-~-> 00:01:05,850 |ICT: Okay guys, welcome to Episode Four in a series ICT scout sniper field training guide. Okay, let's look at what we're gonna be covering in this
	3	+|2 |00:01:05,850 ~-~-> 00:01:15,330 |presentation, we're gonna be reviewing the previous episodes, assignment price reactions. And we're going to be looking at examples of pricing, price
	4	+|3 |00:01:15,330 ~-~-> 00:01:27,750 |reactions. We're gonna go over a brief overview of smart money concepts. And we're gonna be looking at interest rates, timeframes, range trend, and power
	5	+|4 |00:01:27,750 ~-~-> 00:01:38,400 |three. Okay, we're gonna be revealing the market maker. Okay, we're gonna be looking at the ICT market maker by model. And we're gonna be looking at how
	6	+|5 |00:01:38,430 ~-~-> 00:01:50,790 |dealers operate in support levels. And we're gonna be looking at the ICT market maker. So model and how dealers operate in resistance levels. We're gonna be
	7	+|6 |00:01:50,790 ~-~-> 00:02:03,090 |looking at how market makers business model works in application, we're gonna be looking at understanding how market maker pairs orders and how orders stack
	8	+|7 |00:02:03,090 ~-~-> 00:02:15,630 |around key levels. Okay, we're looking at exposing the mechanics of a price swing. And we're going to look at more of the time and especially working around
	9	+|8 |00:02:15,690 ~-~-> 00:02:27,030 |the ICT kill zones. And we're gonna be looking at the London kill zone, specifically and the New York kill zone. We're gonna be looking at how prices
	10	+|9 |00:02:27,060 ~-~-> 00:02:38,460 |are crucial to you. And as far as knowing your key levels and how you're setting up your opportunities to trade. And we're gonna be giving you a homework
	11	+|10 |00:02:38,460 ~-~-> 00:02:40,500 |assignment stalking in the kill zone.
	12	+|11 |00:02:46,170 ~-~-> 00:02:57,510 |Okay, folks, we are looking at the Euro USD daily chart. And when we're looking at reaction levels, okay, the ones I'm most interested in are obviously found on
	13	+|12 |00:02:57,510 ~-~-> 00:03:06,090 |the higher time frames now, you can go back to a monthly you can go back to a weekly chart and look for these types of levels as well. But for the sake of
	14	+|13 |00:03:06,090 ~-~-> 00:03:17,880 |this teaching series, we're just going to focus on the intermediate term market. And that's going to be divide that the daily and four hour. And by hunting the
	15	+|14 |00:03:17,880 ~-~-> 00:03:28,770 |reaction levels on this higher timeframe daily chart and or the four hour chart, it really puts the odds in your favor based on the fact that the institutional
	16	+|15 |00:03:28,770 ~-~-> 00:03:39,990 |level traders that beats the banks, the large funds and such, they are really watching these key levels. Now. We discuss in the first two episodes, how we can
	17	+|16 |00:03:39,990 ~-~-> 00:03:50,400 |look at support resistance and have you know, high odds key resistance levels. Now, we're going to build on that in this episode here. But for now, while we're
	18	+|17 |00:03:50,400 ~-~-> 00:04:02,280 |looking at this, I want to remind you that the last episode, we talked about the fiber being poised to trade lower. Okay. Now, I purposely waited a little while,
	19	+|18 |00:04:03,030 ~-~-> 00:04:14,010 |not as long as I did, but the third episode out, but I wanted to wait a little while to allow the market to move lower based on that real time, if you want to
	20	+|19 |00:04:14,010 ~-~-> 00:04:24,540 |call it that, in the recording its time and date stamped on YouTube, the the fiber was called to go lower. Now we're going to frame why that was the case
	21	+|20 |00:04:24,540 ~-~-> 00:04:34,260 |now, okay, but I want to reiterate the fact that it was called lower beforehand, okay. So the concepts that we're going to employ and go over in this example,
	22	+|21 |00:04:34,800 ~-~-> 00:04:43,560 |are going to be beneficial to you going forward because it's the same type of thing you do over and over and over again, just you know, on your own particular
	23	+|22 |00:04:43,560 ~-~-> 00:04:53,340 |pair, or it could be a stock market, you know, stock or commodity, whatever it is, whatever vehicle or asset class that you find yourself a trader and we're
	24	+|23 |00:04:53,340 ~-~-> 00:05:02,370 |delving in specifically the FX market here in this series, but it's important that you understand my concepts are generic, okay, and when I say generic, it
	25	+|24 |00:05:02,370 ~-~-> 00:05:12,360 |means they're not boring in the sense that they're not useful. They're generic in the sense that they're universal. Okay, they apply to every asset class,
	26	+|25 |00:05:12,480 ~-~-> 00:05:24,540 |minor little nuances to have to be taken into consideration. But nonetheless, they are applicable to every market asset class. So the homework assignment was
	27	+|26 |00:05:24,540 ~-~-> 00:05:33,630 |to look for reaction levels, okay, mark them up on your chart, and then watch what happens in the coming weeks around those particular price levels. Okay, and
	28	+|27 |00:05:33,630 ~-~-> 00:05:42,990 |we're going to do that now. Now, I'm not going to beat it to death in terms of what reaction levels and what support resistance levels, we should have noted in
	29	+|28 |00:05:42,990 ~-~-> 00:05:50,940 |our chart. But if we were looking at this example here, and this was real time, in the time, if you sitting down in front of the charts, or when I would be
	30	+|29 |00:05:50,940 ~-~-> 00:05:58,320 |sitting in front of the charts, this is how I would mark up my charts. Okay, and we're just gonna use the four horizontal lines just to save time because I spent
	31	+|30 |00:05:58,320 ~-~-> 00:06:11,550 |a lot of time monkeying around with adjusting the the app, the right end of a trend line. Now I do like the trend lines because it makes it neater when I'm
	32	+|31 |00:06:11,550 ~-~-> 00:06:20,820 |drawing horizontal support resistance. Now, I don't like trend lines on a diagonal basis. So don't get me misquoted here, I do not have faith in diagonal
	33	+|32 |00:06:20,820 ~-~-> 00:06:33,810 |support resistance. But I do have absolute faith and horizontal support resistance as we have here. Now, what I'm doing is some noting every swing high
	34	+|33 |00:06:35,040 ~-~-> 00:06:44,220 |and swing low, that's relatively close, we're gonna use about 300 to 400 PIP range from where we're trading at, in this instance here. Now, obviously, you
	35	+|34 |00:06:44,220 ~-~-> 00:06:52,140 |can see time of this recording prices already down here. But again, I'm going to count you to go back to the recording and you'll know by watching it that we
	36	+|35 |00:06:52,140 ~-~-> 00:07:08,610 |call this market going lower here, okay. So we have this reaction high here. Okay, swing high. Now what I'm noting again, so you don't lose, lose yourself
	37	+|36 |00:07:08,610 ~-~-> 00:07:24,240 |amongst my banter here. I'm looking at times where candles have to hire candles on both sides. Okay? Not to hire on each side. But to hire candles on one side.
	38	+|37 |00:07:24,240 ~-~-> 00:07:32,730 |In other words, you have a candle with a higher low on the left and a higher low on the right. Okay, and I'm finding this probably is probably confusing, because
	39	+|38 |00:07:32,730 ~-~-> 00:07:40,680 |it's not what I'm showing you here, but this is a Sunday candle. So you got to take that in consideration, blend that into this Monday. So you do have the
	40	+|39 |00:07:40,740 ~-~-> 00:07:47,130 |swing low here, basing this Monday candle, and this Thursday candle here.
	41	+|40 |00:07:47,220 ~-~-> 00:08:07,950 |And this is a Friday candle. So you have that swing low. Okay, so we'll have that noted. Okay, and we're going to use this high here. Okay, and you see this
	42	+|41 |00:08:07,950 ~-~-> 00:08:17,820 |one here. Now, I realize you're probably starting to think well wait, this is getting really busy here. Okay, but what I want to draw your attention to is the
	43	+|42 |00:08:17,820 ~-~-> 00:08:28,560 |fact that we do have these levels, turning the market on a daily timeframe. Okay, so if the market made its daily, higher low there, okay. It's significant.
	44	+|43 |00:08:28,950 ~-~-> 00:08:40,470 |Okay. Now, this is a moment where you pull out your pad. Major reaction levels, okay. occur around annual highs and lows I mean, yearly, high and low.
	45	+|44 |00:08:41,370 ~-~-> 00:08:50,790 |Quarterly, your high and low in other words every three months, okay, for instance, January, February, March in that block of time calendar basis, okay.
	46	+|45 |00:08:50,790 ~-~-> 00:08:59,400 |Find the highest highest highs, I'm sorry, the highest high and lowest low in that timeframe. Do the same thing for the second quarter. Okay, that being
	47	+|46 |00:09:00,870 ~-~-> 00:09:10,950 |April, May, June, and then July, August, September, October, November, December. So there's, there's four quarters and blocks of three. Okay, because there's a
	48	+|47 |00:09:10,950 ~-~-> 00:09:19,110 |quarterly shuffle that goes on Okay, portfolio dressing and such. And you'll be able to see significant highs and lows and we're not going to do that here. It's
	49	+|48 |00:09:19,470 ~-~-> 00:09:27,870 |this series is meant for you to get your sleeves rolled up and do some homework on your own. Okay, and you're going to learn by doing it. Okay, I'm leading you
	50	+|49 |00:09:27,870 ~-~-> 00:09:38,070 |to the water but it's up to you to drink, okay. You also have monthly highs and lows. Those are key, important reactionary levels. Okay. And then you have
	51	+|50 |00:09:38,070 ~-~-> 00:09:46,920 |weekly highs and lows and you have intro week highs and lows. Okay, so now once we get to like Wednesday, wherever the highest time and lows low was at that
	52	+|51 |00:09:46,920 ~-~-> 00:09:57,540 |time, are influential. Okay. And then you have your standard daily highs and lows. Okay. And here is one of the gold nuggets that you're going to get okay.
	53	+|52 |00:09:58,230 ~-~-> 00:10:08,970 |Whenever you see a swing high, okay, a swing high like this, okay, we have a candle here with a lower high candle on the right of it and a lower high candle
	54	+|53 |00:10:08,970 ~-~-> 00:10:18,450 |on the left of it. Okay, this pattern is very, very strong. And the reason why it's so strong is because you have to take a couple elements out of that
	55	+|54 |00:10:18,570 ~-~-> 00:10:29,250 |pattern. Okay, and we're gonna start with the first candle here, this candle on the left of the swing high, okay, you want to note the high, the open the low
	56	+|55 |00:10:29,250 ~-~-> 00:10:37,230 |and the close on this candle, you want to do the same thing for the highest candle in the three bar pattern. And you want to do the same thing to open high
	57	+|56 |00:10:37,230 ~-~-> 00:10:52,290 |low close values on that same basis. Okay. And whenever you see a swing high on your daily timeframe, you really, really want to have those data points. Now,
	58	+|57 |00:10:52,290 ~-~-> 00:11:01,800 |essentially, we have the high here with this horizontal line, and we essentially have the open, we're here with this line. Okay, but it was based on this candle
	59	+|58 |00:11:01,800 ~-~-> 00:11:17,160 |here. Now we have to have the low. I'm sorry, the low here and noted as well. Okay, you can see that happening right there. Now I'm balling it true, but we
	60	+|59 |00:11:17,160 ~-~-> 00:11:24,240 |can go down and doctored up when we get down to the lower timeframes. But here's what I want, just just by clicking that, like I did here, I want you to take a
	61	+|60 |00:11:24,240 ~-~-> 00:11:33,750 |look at what happened over here. And these candles, see the bodies they were having difficulty closing and opening far beyond that level. Okay, something
	62	+|61 |00:11:33,810 ~-~-> 00:11:44,130 |about these levels, okay, causes the marketplace to turn. Okay, we're going to talk more specifically about that phenomenon. Okay, and another Smart Money
	63	+|62 |00:11:44,130 ~-~-> 00:11:56,070 |concept applied to where markets tend to, to blast off and have you trade opportunity presented to you and you can see things in advance, based on what
	64	+|63 |00:11:56,070 ~-~-> 00:12:06,480 |I'm going to share in this episode here. But I want to show you how sensitive these levels are. And then obviously, because we have this market open on this
	65	+|64 |00:12:06,510 ~-~-> 00:12:14,130 |candle here, if you go over here, look with a debt and you have a bounce right off of that, obviously, we can see that the close of that candle and that swing
	66	+|65 |00:12:14,130 ~-~-> 00:12:24,510 |high, we were opening essentially near that same point went lower. The candle here was unable to make much move higher, we fell short of it here. The body of
	67	+|66 |00:12:24,510 ~-~-> 00:12:35,970 |the candle here is well. Okay, so there's a lot of insight that is gleaned by doing these exercises, but it's also a daily procedure.
	68	+|67 |00:12:36,150 ~-~-> 00:12:46,740 |Okay, but here's the cool thing. Once you have these levels noted, okay, these, when they're when they're, a lot of them, like you see here, this is when you
	69	+|68 |00:12:46,740 ~-~-> 00:12:56,070 |take your data, and you write it down on your pad, okay, and that way, when price trades to these levels, okay, or approaches these levels, you'll have that
	70	+|69 |00:12:56,070 ~-~-> 00:13:04,140 |in mind, okay, look is is a reactionary level based on a daily timeframe. So that way, you don't have to have all these lines on your chart. Okay? So we're
	71	+|70 |00:13:04,140 ~-~-> 00:13:16,350 |going to do is want to take our chart, and we're going to drill down to a four hour basis, okay. And we're going to be just simply looking at the, the market
	72	+|71 |00:13:17,670 ~-~-> 00:13:22,200 |from the standpoint of all these 23rd.
	73	+|72 |00:13:32,820 ~-~-> 00:13:41,700 |Okay, and what to do was, I've just moved the fixed chart position, and just a little difficult to see here. But I will show you all that when I talk about
	74	+|73 |00:13:41,700 ~-~-> 00:13:55,020 |setting up templates for Mt. Four and how you can maneuver around. So we're gonna go into a four hour chart. Okay, and here we are, we're essentially, with
	75	+|74 |00:13:55,020 ~-~-> 00:14:06,600 |the same levels noted, we move down into a four hour basis. Okay, and what I'm just gonna do is I'm gonna scrub forward a little bit. Okay, and read about
	76	+|75 |00:14:06,600 ~-~-> 00:14:15,570 |here's where we're talking about how the market was poised to trade lower. And I promise I'll get to the point of which we're going to explain why he was going
	77	+|76 |00:14:15,570 ~-~-> 00:14:26,790 |to go lower. But for now, I just want to just illustrate how the market eventually traded with these levels. Okay, now, these levels were based on key
	78	+|77 |00:14:27,330 ~-~-> 00:14:36,540 |reaction levels on a daily timeframe. Before the facts in other words, we're going to basically establish a point of which will delineate that with a
	79	+|78 |00:14:36,540 ~-~-> 00:14:47,280 |vertical line here. We'll say, beginning here, you know, we were expecting to go lower, and we're gonna start watching and it's going to study how price reacted
	80	+|79 |00:14:47,280 ~-~-> 00:14:59,280 |to these levels going forward. Okay. And really, what you're doing is you're, you're looking at how price moved, reacted, traded down to and up to resistance
	81	+|80 |00:14:59,280 ~-~-> 00:15:10,530 |and support How price worked specific levels, broke down, found support at it and then broke lower and moved around and gyrated. Okay, now, these levels are
	82	+|81 |00:15:10,530 ~-~-> 00:15:19,230 |just simply established off of daily timeframe. Now, when you move to a four hour, okay, like we learned in the previous two episodes, when you break your
	83	+|82 |00:15:19,230 ~-~-> 00:15:27,930 |market down from a daily to a four hour, the four hour is going to have more dynamic support resistance levels that were not as clearly discernible as we're
	84	+|83 |00:15:27,930 ~-~-> 00:15:39,480 |on a daily chart, okay, so this level here, okay, you would have on your chart as well, and you can see the price reactions from theirs as well and you have
	85	+|84 |00:15:39,630 ~-~-> 00:15:53,370 |this swing low. One could have that on your chart as well. And you can see how price reacted around that as well. Okay, and now, what we're gonna do is we're
	86	+|85 |00:15:53,370 ~-~-> 00:15:59,760 |going to move to a 15 minute basis, and we're going to look at last week's trading.
	87	+|86 |00:16:21,030 ~-~-> 00:16:29,160 |Okay, this is last week trading the Euro USD is as a 15 minute timeframe that we're going to do is want to put the vertical lines in delineating the actual
	88	+|87 |00:16:29,160 ~-~-> 00:16:40,860 |days, you have Monday's trading here. Tuesday's trading here, Wednesday, Thursday, and then Friday down here. Now we again, we're calling the market
	89	+|88 |00:16:40,860 ~-~-> 00:16:54,600 |lower. And you can see the market did in fact trade lower. We're going to be looking at how price reacted intra week, okay, but we're going to talk about
	90	+|89 |00:16:55,200 ~-~-> 00:17:01,470 |some things that haven't really been touched on if you've been following for a while in great detail.
	91	+|90 |00:17:14,099 ~-~-> 00:17:24,509 |Okay, so now what we're gonna do is we're gonna be discussing the have a market itself, we're gonna zoom out just one more tap, just you can get a feel for what
	92	+|91 |00:17:24,509 ~-~-> 00:17:33,509 |has happened. The market traded lower up in these levels here, we we were calling it lower and broke down rather aggressively. Okay, so you can see much
	93	+|92 |00:17:33,509 ~-~-> 00:17:48,149 |more dynamic view of how price had respected the support resistance lines that we arrived that on a daily timeframe. Okay, so now, obviously, we can see in
	94	+|93 |00:17:48,149 ~-~-> 00:17:56,999 |hindsight that it caused the market to turn at resistance and support and once support was broken events to trade back to it found as resistance. Okay, we
	95	+|94 |00:17:56,999 ~-~-> 00:18:06,449 |understand those central tenets to the marketplace and how technical analysis is generally perceived and or viewed in hindsight basis. Okay, but how do we use
	96	+|95 |00:18:06,449 ~-~-> 00:18:17,909 |these levels going forward? Okay, well, number one, unless you have these types of price points, okay, or support resistance levels, on a higher timeframe,
	97	+|96 |00:18:18,269 ~-~-> 00:18:27,779 |there's absolutely zero reason to expect a trade to form. Okay, again, here's one of those night notepad moments, okay, write this down and underline it
	98	+|97 |00:18:27,989 ~-~-> 00:18:40,889 |several times, you do not look for a trade or trading pattern when your intraday charts unless it is trading at a higher time frame support resistance level,
	99	+|98 |00:18:41,039 ~-~-> 00:18:52,409 |okay, or at a higher time frame reaction level. That means the trade has to be formulated and framed around a level that you had already arrived at, from the
	100	+|99 |00:18:52,409 ~-~-> 00:19:02,669 |daily and or for a timeframe. Okay, now, here's a question for you. And you already know the answer to this, I'm sure. So again, I'm not trying to browbeat
	101	+|100 |00:19:02,669 ~-~-> 00:19:09,809 |anyone, but I'm telling you, I've done the same stuff. So hopefully, you'll learn from it like I did. And you'll you'll, you'll stop the bleeding and you'll
	102	+|101 |00:19:09,809 ~-~-> 00:19:22,019 |start moving towards consistency. So now looking at your own personal trading, how many times daily, weekly, in the last few months or so, how many times have
	103	+|102 |00:19:22,019 ~-~-> 00:19:32,279 |you looked at a five minute chart or a one minute chart or maybe, you know, an hourly chart, looking for a pattern, a price pattern and then trying to chase
	104	+|103 |00:19:32,279 ~-~-> 00:19:41,969 |the market after you see it moving? Because you you didn't have the confidence to trust the pattern because there was nothing framing it on. Okay, you just saw
	105	+|104 |00:19:41,969 ~-~-> 00:19:51,869 |a pattern or similarity of what would be considered a price pattern and then reacted to it after the market started moving. What you felt was a confidence
	106	+|105 |00:19:51,869 ~-~-> 00:19:59,189 |booster in the favor that you know the favorable direction the pattern was suggesting it would move and then all of a sudden saw that market turn on you.
	107	+|106 |00:19:59,219 ~-~-> 00:20:09,269 |Even though That suppose that price pattern was there, it eventually turned on you, as it happened to you. I can tell you with Grace's shorty? If it hasn't, if
	108	+|107 |00:20:09,269 ~-~-> 00:20:21,509 |you don't do these types of things, it surely will price patterns by themselves. You know, all speak harmonically gartley, butterflies, bats, all those patterns,
	109	+|108 |00:20:21,539 ~-~-> 00:20:33,959 |okay, that you hear bandied about on the internet and or YouTube educational series or reviews or some quote unquote previews, they may or may not be
	110	+|109 |00:20:34,049 ~-~-> 00:20:44,999 |profitable. But if you don't have that pattern framed around a real reaction level, okay. And again, we've talked about why the market reacts like it does.
	111	+|110 |00:20:44,999 ~-~-> 00:20:56,579 |And when you see market moves that are dynamic, okay, because it's the institutional sponsorship that takes the market up or down, okay, retail traders
	112	+|111 |00:20:56,579 ~-~-> 00:21:05,939 |are not going to do anything to this marketplace. We are participants that are hopefully, like the fleas on the dog. Okay, we're on for the ride once in a
	113	+|112 |00:21:05,939 ~-~-> 00:21:17,789 |while we get a bite, okay. But if we don't watch it, the dog will scratches right off. So we are hopefully positioning ourselves at a time and place really
	114	+|113 |00:21:17,789 ~-~-> 00:21:32,129 |in terms of price, where the market is highly sensitive to market reactions on the higher level trading entities like the banks, large funds, institutions, if
	115	+|114 |00:21:32,129 ~-~-> 00:21:42,809 |those traders are participating in the marketplace at that time frame, okay, that time of day at that date. Okay, at that price level, you are in a much
	116	+|115 |00:21:42,839 ~-~-> 00:21:51,389 |better position, technically speaking as a trader, than those that just simply go out and say, Well, you know, the markets have gone up for the last six days,
	117	+|116 |00:21:51,389 ~-~-> 00:21:57,719 |so it's probably gonna keep going up. Let me just go in here and buy it today. Okay, so I can tell you, I know a lot of people that send me emails and again,
	118	+|117 |00:21:57,719 ~-~-> 00:22:05,009 |please, I'm only using this as an example. So don't let this be an impediment to you ever send me emails or questions or comments or anything like that. But, you
	119	+|118 |00:22:05,009 ~-~-> 00:22:13,349 |know, folks, do these types of things. And here's this, here's another, you know, disclosure, I did that same stuff, guys.
	120	+|119 |00:22:13,410 ~-~-> 00:22:22,080 |Okay, when I traded commodities, if the market was going screaming up, okay, I would be watching it, do it. In the middle of the summertime during drought
	121	+|120 |00:22:22,080 ~-~-> 00:22:29,490 |season, if the wheat market was going straight up, it could be up for 19 days. And I'm like, wow, it's been going on, let me just get in there and buy that,
	122	+|121 |00:22:29,520 ~-~-> 00:22:40,050 |okay. And sometimes I was lucky. And then other times, I was not, okay, because I was chasing the market. By having these levels pre determined, based on the
	123	+|122 |00:22:40,050 ~-~-> 00:22:49,830 |higher time frame, you can sit on your hands and exercise that dreaded word patience. Okay, because a lot of times I, you know, I talked about that. And I
	124	+|123 |00:22:49,830 ~-~-> 00:22:59,250 |stressed the importance of having patience, and submitting to time, okay, because if we're using these daily and four hour charts, it's going to take time
	125	+|124 |00:22:59,250 ~-~-> 00:23:07,140 |for price to get to these particular price levels. Now, why am I teaching this timeframe? Well, because most of you can't sit in front of your computers all
	126	+|125 |00:23:07,140 ~-~-> 00:23:14,790 |day long, and trade for a living. As much as you aspire to do that. Y'all have, what responsibilities, you have mortgage payments, you have children, you have
	127	+|126 |00:23:14,790 ~-~-> 00:23:24,180 |spouses to take care of, if your wives you have your husbands to deal with. So the bottom line is, is you have a lot of responsibilities and very little time
	128	+|127 |00:23:24,180 ~-~-> 00:23:32,100 |on your hands to be able to apply to analysis. Now Sure, you can go back and look at hindsight, and study intraday action like that. And there's certainly
	129	+|128 |00:23:32,100 ~-~-> 00:23:42,150 |nothing wrong with that. But for the most part, by far and large majority of you are watching this all have nine to five or similar that keeps you from having
	130	+|129 |00:23:42,180 ~-~-> 00:23:51,270 |the time to sit in front of the charts and trade intraday. So, again, I'm teaching this timeframe because it will allow those that have jobs, to formulate
	131	+|130 |00:23:51,270 ~-~-> 00:24:01,620 |trading ideas on your demo account to build confidence and understanding in technical analysis, and still possibly take part of profitable swings that
	132	+|131 |00:24:01,830 ~-~-> 00:24:12,030 |market entities push price up or down based on these higher level support resistance levels. Now, again, we have a snapshot in front of us here. This is
	133	+|132 |00:24:12,030 ~-~-> 00:24:23,340 |essentially Oh, two and a half weeks worth of price data. But again, these levels were noted prior to these price points up here. Okay, we were calling the
	134	+|133 |00:24:23,340 ~-~-> 00:24:33,750 |market lower up in here and the market slid lower okay to the tune of about what is that let's get a good good feel for what that price level is we'll get about
	135	+|134 |00:24:33,840 ~-~-> 00:24:49,170 |middle of that consolidation, and the lowest low on last Friday comes in around 285 pips or so. Not bad, not bad for a future perspective in terms of analysis,
	136	+|135 |00:24:49,170 ~-~-> 00:24:59,190 |a lot of my haters that really are new interested in learning this stuff, they just want to derail on the track. folks that are out here doing this stuff. for
	137	+|136 |00:24:59,190 ~-~-> 00:25:09,390 |free. I don't sell my And I just do it as a, as a hobby, as you can see, it's been a delay in my release of this episode. And that's another reason why I'll
	138	+|137 |00:25:09,390 ~-~-> 00:25:18,660 |never sell anything because I really have a life, and I'm not gonna subject you guys to any kind of payment, okay, and, you know, selling things because I don't
	139	+|138 |00:25:18,660 ~-~-> 00:25:27,900 |want, I don't want the hassle to, I don't need your money. And three, I can't promise you, I'm going to have the free time to consistently give you what you
	140	+|139 |00:25:27,900 ~-~-> 00:25:36,870 |would reasonably expect on a paid service. So there are guys out there that have you know, services, and some of them probably shouldn't be doing it, then you
	141	+|140 |00:25:36,870 ~-~-> 00:25:47,100 |have others out there that you know, are doing it, and maybe there are worthwhile and they have, you know, assistance to new traders. It's not up to
	142	+|141 |00:25:47,100 ~-~-> 00:25:54,720 |me, to judge those individuals, I can just tell you that me personally, in the form of a mentor, you get what you get when you get it. I mean, I don't mean to
	143	+|142 |00:25:54,720 ~-~-> 00:26:09,330 |be ignorant about it. But you know, like I said, I do have a job of being a father, husband, and my life is interesting. And it many times pulls me in
	144	+|143 |00:26:09,330 ~-~-> 00:26:17,250 |directions I really didn't plan on from the time I lay my head down to tunnel wake up, a lot of things can happen in the ICT world. And you know, I could be
	145	+|144 |00:26:17,250 ~-~-> 00:26:27,480 |involved in things that I hadn't planned on. And that's what this market can provide for you a lot of freedom to do that very thing. I'm not locked into
	146	+|145 |00:26:27,480 ~-~-> 00:26:38,970 |having to do any one thing or another. The freedom to be able to say, you know what, I've reached my goal, I don't ever have to go to my employment place
	147	+|146 |00:26:38,970 ~-~-> 00:26:48,960 |anymore. Okay, whatever that is, you plug that in, if you're new, if you work at a, an industrial job, or if you're a truck driver, or if you're a mechanic or if
	148	+|147 |00:26:48,960 ~-~-> 00:27:01,290 |you're a doctor and nurse, the ice cream shop guy, how about that house. Bottom line is you have to get to that point, and it doesn't happen overnight. So use
	149	+|148 |00:27:01,290 ~-~-> 00:27:02,400 |these tools,
	150	+|149 |00:27:02,640 ~-~-> 00:27:12,960 |okay, to help frame your inner trader that will eventually come to fruition. After you gain a level of confidence in yourself, firstly, that you can stick to
	151	+|150 |00:27:12,960 ~-~-> 00:27:23,940 |the procedures, then trust the tools. And then when those two come together, then you find a level of consistency at your time of choosing not when I say or
	152	+|151 |00:27:23,940 ~-~-> 00:27:33,570 |another mentor. And whatever, you know, book that you buy suggests that you should go to live trading or full time trading. You'll know it when you know.
	153	+|152 |00:27:33,990 ~-~-> 00:27:44,040 |Okay, believe me you'll if you feel like you're Russian you probably are so don't don't get in a race to try to say well, I'm quitting my job. Okay. I'm
	154	+|153 |00:27:44,040 ~-~-> 00:27:53,040 |Tony out these little notes I have next to my keyboard here because I've been getting email. So I'm kind of tossing these little nuggets out in the midst of
	155	+|154 |00:27:53,040 ~-~-> 00:28:03,270 |having these recording. So hopefully I'm answering your your inquiries. So now by looking at these two and a half weeks or such in price data, we called the
	156	+|155 |00:28:03,270 ~-~-> 00:28:15,840 |market lower back here. Okay, so how would one reasonably expect to participate in the marketplace, as price moves lower? Number one, we have these price levels
	157	+|156 |00:28:15,900 ~-~-> 00:28:27,000 |noted. And again, from this point in here, these levels were on the chart, they would be walking forward, you would see price, reacting real time at these price
	158	+|157 |00:28:27,000 ~-~-> 00:28:35,670 |points. Okay. Again, this is a 15 minute time frame. So you would have smaller dealing rain support resistance levels on these timeframes as well but not as
	159	+|158 |00:28:35,700 ~-~-> 00:28:44,970 |important as the daily and for our timeframes. Because those are where the large institutional traders are spent spending majority of their time looking for
	160	+|159 |00:28:45,330 ~-~-> 00:28:57,510 |value. Okay, much we're gonna talk about that. So now, again, we talked about how In the previous episode that the market tends to make its high or low. In
	161	+|160 |00:28:57,510 ~-~-> 00:29:04,680 |the first few days of the week, generally about Tuesday's long and open and at the very latest many times you'll find it. Wednesday's London open is like the
	162	+|161 |00:29:04,680 ~-~-> 00:29:16,500 |last cusp of where the higher low if it's a down week, the high would be formed. But generally between Monday and Tuesday, you see it forming the higher low. And
	163	+|162 |00:29:16,620 ~-~-> 00:29:25,560 |now with that going forward, okay, you can see that we did have the high form. I think it just went above a few pips, maybe one or two pips here on Wednesday. So
	164	+|163 |00:29:25,560 ~-~-> 00:29:36,930 |it came true as well here moved lower. Okay. But then we moved into this week here. Okay. It's kind of unique in a sense, because if you've been watching the
	165	+|164 |00:29:36,930 ~-~-> 00:29:48,390 |news, they've been reading newspapers and such. There's been some saber rattling about the US potentially striking Syria. I'm not going to go on the political
	166	+|165 |00:29:48,390 ~-~-> 00:30:01,260 |stance on get on my soapbox about what we should or shouldn't do in regards to that, but it has caused a lot of uncertainty in terms of what is going To be the
	167	+|166 |00:30:01,260 ~-~-> 00:30:11,610 |outcome of all that, okay? And this is really good in a sense, because it gives me an opportunity to plug in something that otherwise if it hadn't hadn't been
	168	+|167 |00:30:11,610 ~-~-> 00:30:21,060 |happening, I would just be talking about it conceptually. But now we're going to have a real world example of what this implies, when you do your analysis. When
	169	+|168 |00:30:21,060 ~-~-> 00:30:33,450 |there's uncertainty, okay? When there's uncertainty in the marketplace, or the global economy, you know, arena, the participants get really, really spooked.
	170	+|169 |00:30:33,750 ~-~-> 00:30:47,850 |Okay, and what will happen is, the large institutional traders, okay, many times will scale back their risk, they'll reduce their position sizes, or their new
	171	+|170 |00:30:48,000 ~-~-> 00:30:58,080 |trades, maybe they'll they were going to do a large block of orders to be an accumulation of a buy position. Maybe they're still bullish, but because of the
	172	+|171 |00:30:58,620 ~-~-> 00:31:10,500 |global stance against, you know, this potential strike and the implications that may have on the markets, maybe they have reduced their overall exposure by
	173	+|172 |00:31:10,500 ~-~-> 00:31:20,580 |saying, well, we're gonna buy it, because we fundamentally, fundamentally think it's going to go higher or lower. Okay, um, they just scale back that, and
	174	+|173 |00:31:20,580 ~-~-> 00:31:30,090 |that's something that you should do as well. So what do I mean by that? Well, I mean, number one, scale back the level of trading leverage you're using, because
	175	+|174 |00:31:30,120 ~-~-> 00:31:39,120 |anything can happen in these types of environments, okay. But what will generally you'll see happening is, is there'll be a lot of range bound trading
	176	+|175 |00:31:39,150 ~-~-> 00:31:52,950 |and spiky consolidation. But there's still opportunity to trade in that environment, you just got to lower your expectation, slow down, in terms of what
	177	+|176 |00:31:52,950 ~-~-> 00:32:01,920 |you expect to see in terms of time, okay, and expect to spend a whole lot of time in the market moves, okay. Like, for instance, if
	178	+|177 |00:32:02,010 ~-~-> 00:32:13,170 |one of us a buyer here on Tuesday, you'd have to sit through a long period of time before we got into the New York open, on this day here of the night,
	179	+|178 |00:32:13,620 ~-~-> 00:32:29,700 |September 4, before the the price new release to the upside. Now, if one was a seller, okay, you'd have to rely more on these resistance levels, okay, and
	180	+|179 |00:32:29,700 ~-~-> 00:32:42,390 |stick true to trading only at or very close to these levels. Meaning that if the market environment is suggests that it's a lot of uncertainty, okay, there would
	181	+|180 |00:32:42,390 ~-~-> 00:32:52,350 |be times where maybe the price moved up here off these key resistance level, and traded lower and gave a retracement and maybe I would trade something away from
	182	+|181 |00:32:52,350 ~-~-> 00:33:05,730 |that level. Okay, I want to own more calmer, global arena, okay, when there wasn't so much uncertainty because of potentially war breaking out in the Middle
	183	+|182 |00:33:05,730 ~-~-> 00:33:15,210 |East and the implications that has, I would not be willing to trade far away from these levels and continue to move lower, meaning that I would miss these
	184	+|183 |00:33:15,210 ~-~-> 00:33:23,310 |little small little moves in here because I don't care about trading, I hear in this open space between this level here and this level here. I would be more
	185	+|184 |00:33:23,310 ~-~-> 00:33:31,860 |inclined to be trading at these levels. Okay. And you can see, when price gets these levels, the reaction to it has, okay, and that's what you want to be
	186	+|185 |00:33:31,860 ~-~-> 00:33:43,470 |focusing focusing on the the the pact of these higher level timeframes, support resistance levels, and applying that to your trading only trading when it gets
	187	+|186 |00:33:43,470 ~-~-> 00:33:56,130 |to those particular levels and a confluence of other supporting indicators, whether it be price indicators or economic indicators that come around in terms
	188	+|187 |00:33:56,130 ~-~-> 00:34:05,610 |of your economic calendar. And hello, have you been looking at that? You should be because those things are very significant in terms of trading. You gotta know
	189	+|188 |00:34:05,610 ~-~-> 00:34:22,140 |what's coming down the pike guys. So let's go in here and zoom in a little bit and go over what had transpired here. Okay. And we're gonna use Friday, two
	190	+|189 |00:34:22,140 ~-~-> 00:34:33,180 |Fridays ago. Okay, and we're gonna use this price point here. Okay. We have a price move down smaller retracement, and I'll move down. Okay and then a
	191	+|190 |00:34:33,180 ~-~-> 00:34:49,860 |retracement. Okay. So we had one leg, two legs and then a retracement. Okay and another retrade to this particular level here at 132 20 level one Monday, okay.
	192	+|191 |00:34:50,910 ~-~-> 00:35:00,420 |We were still obviously looking for selling scenario because we were expecting lower prices based on a higher time frame idea that we're going to lashed out
	193	+|192 |00:35:00,420 ~-~-> 00:35:19,080 |here. But we have a range high here, this range low. Okay. I'm going to show you this is the range here from the low to the high of that previous Friday. Okay.
	194	+|193 |00:35:19,830 ~-~-> 00:35:30,000 |Now why am I using these price points? Okay, well Am I every start a new week, I like to use discernible price swings and this is discernible. It's very clear,
	195	+|194 |00:35:30,030 ~-~-> 00:35:41,460 |very distinct. Much the same capacity this high down to this low is okay. Now you could have your level from this high to this low. But I'm not expecting much
	196	+|195 |00:35:41,460 ~-~-> 00:35:49,830 |of a retracement because we're overall expected bearish on higher timeframe. So the likelihood of it three trading all the way up to these levels short could
	197	+|196 |00:35:49,860 ~-~-> 00:35:58,020 |but I don't expect it. Okay, so I'm looking at price where we moved into this consolidation and we broke down, we're going to come right back to that same
	198	+|197 |00:35:58,020 ~-~-> 00:36:12,240 |consolidation. Okay. Price comes right up into that 62 level, and then trade it off. Okay. We're going to use this same high and this low here, because this is
	199	+|198 |00:36:12,240 ~-~-> 00:36:22,860 |a new swing, a price swing from this high to this low. It's a larger, more dominant price swing, whereas this is a small little short term price swing,
	200	+|199 |00:36:22,890 ~-~-> 00:36:36,750 |then a retracement. This is leg one leg two together. Okay, so here's leg one. And here's leg two. Now, if you look at the high down to that low, formed here
	201	+|200 |00:36:36,750 ~-~-> 00:36:50,400 |on Tuesday, we have this high and we have this low. See what we have here. Price come right up to that sweet spot. Boom, hit that rate on Friday. I'm sorry
	202	+|201 |00:36:50,400 ~-~-> 00:36:58,380 |Thursday, and traded lower. Moving into a low on Friday. Okay. So now
	203	+|202 |00:37:00,240 ~-~-> 00:37:16,260 |what was up here that caused this reaction? Okay. That's one of the assignments I want you to look at, go over your economic calendar, go over your your charts
	204	+|203 |00:37:16,260 ~-~-> 00:37:34,650 |on a five minute basis, on an hourly basis, four hour and daily. Okay, really hone in on this little area right here. Okay. The breakdown in the fiber, or
	205	+|204 |00:37:34,650 ~-~-> 00:37:47,850 |your USD as we would commonly hear it referred to as this was the actual high that was formed on the fiber that we traded lower. And right before that price,
	206	+|205 |00:37:47,850 ~-~-> 00:37:59,820 |hi, Kate, I want you to see something here, see this low? Okay, let's zoom out just one stage. Here's the high. Okay. Here's these lows that we're just talking
	207	+|206 |00:37:59,820 ~-~-> 00:38:10,410 |about. The market broke those right there. Okay, when we see that, that's generally a sign that this market wants to break down much in the same way you
	208	+|207 |00:38:10,410 ~-~-> 00:38:21,240 |see it here. Okay, it broke the low here and try to rally up it was a false swing and then gave up to go somewhat lower. Well, we have that same scenario
	209	+|208 |00:38:21,240 ~-~-> 00:38:38,850 |here. Okay. And the reason why price was expected to break down here is if we go out to a daily chart real quick. See this old set of highs back here, price one
	210	+|209 |00:38:38,850 ~-~-> 00:38:51,870 |just above that, ran to the 134 50 figure mid figure right here rather and then traded lower. When we had this price pattern here, these are referred to as
	211	+|210 |00:38:51,930 ~-~-> 00:39:03,990 |railroad tracks. Okay. And I like to see these types of patterns because number one are pretty powerful in terms of prognostication. You see that happen here.
	212	+|211 |00:39:05,280 ~-~-> 00:39:12,660 |And price gave a very nice retracement here. This is very tradable. Now, obviously, when you contrast it against something like this, where it rallies up
	213	+|212 |00:39:12,660 ~-~-> 00:39:22,530 |like this where the rally here or the client here, it doesn't look so dynamic. But if you were to look inside that range from this high to this low, we're
	214	+|213 |00:39:22,530 ~-~-> 00:39:34,020 |looking at 168 pips, would you just throw away the opportunity to make on and 68 pips? Certainly not. Or at least you shouldn't. So again, dealing with these
	215	+|214 |00:39:34,020 ~-~-> 00:39:43,170 |daily charts, there's a lot of pips there's a lot of potential setups that are available to one, if you understand what you're looking for, okay, because we're
	216	+|215 |00:39:43,380 ~-~-> 00:39:53,790 |looking at price and an old high here, when prices run up through an old high, but look at look at where the market came from. We come all the way out this low
	217	+|216 |00:39:53,790 ~-~-> 00:40:05,760 |in the beginning of July, and it was basically one sided market. We very had very little retracements and Skip driving higher and higher and higher. Now, I
	218	+|217 |00:40:05,760 ~-~-> 00:40:14,490 |got a lot of lines on this chart, but I'm gonna refrain from taking them off because I'm gonna need them in a moment. But we have this rally up makes a swing
	219	+|218 |00:40:14,490 ~-~-> 00:40:23,940 |high, then we rally up mixamo swing high, and we rally up makes a higher swing high. Okay? Whenever you see the moves like this, keep pushing Higher, higher
	220	+|219 |00:40:23,940 ~-~-> 00:40:39,660 |heart into an old high. These are areas where heavy distribution is taking place. Now, I learned a pattern called the three Indians pattern, okay. And it's
	221	+|220 |00:40:39,660 ~-~-> 00:40:50,640 |basically like a three drive pattern where you got one high, higher, high and another high, okay? It's a very common pattern. It's been around forever. And I
	222	+|221 |00:40:50,640 ~-~-> 00:41:02,700 |can't remember who really originated it. Larry Williams did some discussion on it. But I always revert back to just the street smarts book by Linda and Larry.
	223	+|222 |00:41:03,210 ~-~-> 00:41:12,390 |And now you can just google them up on the internet, again, books, street smarts. In the pattern here you're seeing is the three Indians pattern. It's a
	224	+|223 |00:41:12,390 ~-~-> 00:41:21,930 |climax reversal pattern, meaning that the price is driven up to an extreme and generally it's just rate above an old high or into an old high. And then you can
	225	+|224 |00:41:21,930 ~-~-> 00:41:30,000 |reasonably expect to see price to trade off. Now. I'm not suggesting Please don't take this as this is the high of the euro and it's going to go down to
	226	+|225 |00:41:30,000 ~-~-> 00:41:38,370 |hell. Okay, that's not what I'm saying here. Okay. What I'm saying is it's given you a tradable reaction, that sizeable Okay, we're going to talk about where we
	227	+|226 |00:41:38,370 ~-~-> 00:41:47,190 |would be reasonably expected to see this market go lower. Okay, based on this understanding here, but looking at this high here, when we ran through that and
	228	+|227 |00:41:47,190 ~-~-> 00:41:52,530 |gave up the ghost on that candle right there, that was the defeat sealer for me,
	229	+|228 |00:41:52,920 ~-~-> 00:42:02,640 |that we're probably looking to see this market blow out and go lower, and then when the next candle here, took out the lows prior to that rally, okay, that
	230	+|229 |00:42:02,640 ~-~-> 00:42:12,690 |right there is a break in market structure. That right there suggests that this market is now poised to trade lower. So any rallies from this point on should be
	231	+|230 |00:42:12,690 ~-~-> 00:42:23,490 |suspect in other words you selling you selling as a mode of trading, so don't be buying into an expected to keep going higher. Now, we'll eventually sometimes do
	232	+|231 |00:42:23,490 ~-~-> 00:42:30,780 |that certainly will. Okay, because I'm not 100%. But my foreign large when you see these types of events happen, it does give you an opportunity to trade
	233	+|232 |00:42:30,780 ~-~-> 00:42:35,640 |short. Just go back down to a 15 minute timeframe.
	234	+|233 |00:42:43,590 ~-~-> 00:42:56,310 |Okay, and here's that Hi, here, we were just discussing when it broke down. We see the break below the low prior to that last rally up. Okay, so now here, what
	235	+|234 |00:42:56,310 ~-~-> 00:43:06,540 |we have is we have the range high to the low once these lows were taken out, we have a shift in market structure. Now what does that mean? Well, it means that
	236	+|235 |00:43:07,260 ~-~-> 00:43:21,960 |we have a low, too high, a low too high, then we have a lower low prior to that rally. So we have a break in what will be considered market bullishness breaking
	237	+|236 |00:43:21,960 ~-~-> 00:43:33,330 |down, okay? Again, because I'm not a fan of support resistance, I'm not going to draw. I'm sorry, I shouldn't say very, very large fan of support resistance. I'm
	238	+|237 |00:43:33,330 ~-~-> 00:43:43,140 |just not a fan of diagonal support resistance in the form of like trend lines. But if one was to draw a trend line like this, okay, one could say okay, well
	239	+|238 |00:43:43,140 ~-~-> 00:43:50,760 |here we have a price point here we have a price point here. trend line breaks Here comes out retests goes through it just a little bit and falls off. That's
	240	+|239 |00:43:50,760 ~-~-> 00:43:58,530 |all fine and great. Okay, but I've seen many times where these types of scenarios don't even have any impact whatsoever ends blows on through Okay, so
	241	+|240 |00:43:58,530 ~-~-> 00:44:06,210 |again, if you trust trend lines go right ahead and use them I'm not trying to disparage those that do on this telling you if you're looking for trend lines
	242	+|241 |00:44:06,240 ~-~-> 00:44:17,490 |the only diagonal support listens basis with me. You're not going to find it. There's going to be a drought. I don't I don't work with that. So we have this
	243	+|242 |00:44:17,520 ~-~-> 00:44:31,320 |range here. This high in this low. Okay. And as price rallies on up in here, price goes up to that sweet spot. Okay, here's your 70.5 level unique to ICT. So
	244	+|243 |00:44:31,320 ~-~-> 00:44:42,000 |here we have price reacting very nicely and coming down. Giving you several opportunities trading off that 62% retracement level see that price is having a
	245	+|244 |00:44:42,000 ~-~-> 00:44:54,360 |very strong resistance around that price point. Okay. All of a sudden the market breaks down again. Okay, and we start taking out the lows here and this low here
	246	+|245 |00:44:54,390 ~-~-> 00:45:02,130 |when that thing gives us all you know it's all over wit and you can see that happening here. The market participants drive it lower, and then just didn't
	247	+|246 |00:45:02,130 ~-~-> 00:45:12,720 |have any momentum whatsoever in terms of trying to come back. And we move lower and lower and lower. So now once we have this break in market structure and
	248	+|247 |00:45:13,110 ~-~-> 00:45:24,570 |price rallies up here, okay? what we will be doing is looking for areas of resistance or support breaking then turning resistance where we time, shorts.
	249	+|248 |00:45:25,020 ~-~-> 00:45:39,960 |Okay, we time shorts. Now let's add a couple examples here. But we're going to apply Okay, we're going to apply some parts go back to the vertical lines here,
	250	+|249 |00:45:39,960 ~-~-> 00:45:50,040 |because we're gonna imply the week phenomenon that we like to look for Tuesday and or Wednesday, from the high of the week. And you see that happening here.
	251	+|250 |00:45:50,310 ~-~-> 00:46:05,340 |Okay, but as price rallied up, this is a suspect rally. Why? Because we had already broken down based on this loaf, forming lower on these lows here taken
	252	+|251 |00:46:05,340 ~-~-> 00:46:19,500 |out. And the rally up is suspect when we start to break lower, we had these lows taken out, rallies up. Now we have a new range, we have this high, down to this
	253	+|252 |00:46:19,500 ~-~-> 00:46:34,380 |low, see that. Now look at what's happening here, prices working within, here's your 79% 70 and a half percent and 62%. All this time price spent in that small
	254	+|253 |00:46:34,380 ~-~-> 00:46:45,930 |little consolidation, and then price broke down, came back up, broke down, came back up, broke down, came back up broke down. Okay? Again, we're looking at a 15
	255	+|254 |00:46:45,930 ~-~-> 00:46:58,560 |minute timeframe. Now, you could frame trades on that. Or if you really want to reduce risk, okay, you could zero in and go lower, do a five minute chart. Okay.
	256	+|255 |00:46:58,560 ~-~-> 00:47:11,310 |And we're going to do that now we're going to work within the week of the seven. What is that 24th. And the 30 essence, let's go down to a five minute. And this
	257	+|256 |00:47:11,310 ~-~-> 00:47:20,640 |is where price was consolidating all around that area. And price breaks down here then rallies up. We have hold high here with old high here and old high
	258	+|257 |00:47:20,640 ~-~-> 00:47:33,960 |here. Watch what we do here. We're going to use this high here. This is seven GMT is essentially the beginning of the European session. And we're going to
	259	+|258 |00:47:33,960 ~-~-> 00:47:42,000 |pull it down a little low prior to that rally up goes right to the sweet spot. And this candle comes in at 1300 GMT. That's New York open.
	260	+|259 |00:47:42,450 ~-~-> 00:47:55,830 |Remember, we were talking about how in the previous episodes, where we could see specific price moves unfold in the two largest trading sessions that being one
	261	+|260 |00:47:55,830 ~-~-> 00:48:06,090 |than open. In New York open those two sessions overlap. But uniformly inside of individual London and New York, there are particular price swings that take
	262	+|261 |00:48:06,090 ~-~-> 00:48:14,580 |place and we're gonna discuss that later on in this video. But here's an opportunity to one could get short one, trading off of this resistance level
	263	+|262 |00:48:14,580 ~-~-> 00:48:23,700 |that was noted in advance, trades down off, bounce off this support. Now notice how price sweeps it's the below it a little bit. Okay, and then reacts when it
	264	+|263 |00:48:23,700 ~-~-> 00:48:36,900 |bounces here. Okay? Not only is it bouncing here to give you a rally to sell into, but if you're a scalper Okay, if you're a scalper see this low here. It
	265	+|264 |00:48:36,900 ~-~-> 00:48:51,120 |rallies on up. spends a lot of time in here. Okay, let's look at how much of a bounce that took place. We're looking at about 35 pips or so of a bounce. So if
	266	+|265 |00:48:51,120 ~-~-> 00:49:03,000 |you're a scalper, here's your higher time frame support level. You have an old low back here, this rally and then dips down, okay, it goes back to the same
	267	+|266 |00:49:03,000 ~-~-> 00:49:15,570 |little consolidation. market participants are going to be really sensitive to this area of interest in terms of price data. When price moves out of a
	268	+|267 |00:49:15,570 ~-~-> 00:49:23,040 |consolidation and it eventually comes back down to it, it's reasonable to expect another reaction now it doesn't mean it's going to go right to the moon. Okay,
	269	+|268 |00:49:23,040 ~-~-> 00:49:32,580 |but if you are bearish and if you're a scalper on a short term you could buy into this and if you're really nimble, and I'm not suggesting you try to D, but
	270	+|269 |00:49:32,670 ~-~-> 00:49:41,610 |one could do what I've done very little of in my trading history, but I knew a few guys that are very nimble like this. They'll buy this then go short on a
	271	+|270 |00:49:41,610 ~-~-> 00:49:52,020 |reversal and then ride the other way down. I'm not that good. I'm not claiming to be that good, but I have seen it done. Couple years ago, I was on a website
	272	+|271 |00:49:52,020 ~-~-> 00:50:02,850 |forum and I shared a live example of me doing that very thing and reversed on a diamond Kinda like excited a lot of folks that were actually watching it live.
	273	+|272 |00:50:02,850 ~-~-> 00:50:13,620 |But I can assure you, that doesn't happen all the time. And I just happen to be lucky on this one few rare instances where witnesses were, were present. So
	274	+|273 |00:50:13,620 ~-~-> 00:50:24,720 |here's an opportunity to be a seller here. And that was on a Wednesday, okay, and we looking for the market move lower into Friday, because the overall bears
	275	+|274 |00:50:24,750 ~-~-> 00:50:35,310 |tone sets that that stage up, we have a resistance level here, price is unable to go higher. Okay, trades lower, and it starts to rally up. So what do you
	276	+|275 |00:50:35,310 ~-~-> 00:50:45,870 |think would be here, if you pull your fib, you got to use this high, not here, use the highest higher round that level. So here's the high. And again, we're
	277	+|276 |00:50:45,870 ~-~-> 00:50:57,300 |really splitting hairs with this in terms of the five minute chart, but you can see that it does give some quality setups and again, if you look at this, this
	278	+|277 |00:50:57,300 ~-~-> 00:51:04,350 |is your optimal trade entry. And you'll have to zoom in on your own chart because I'm not going to do that here. I guess if I moved out this way a little
	279	+|278 |00:51:04,350 ~-~-> 00:51:18,600 |bit, you'll see a little bit better. Yeah, 60 to 70 and a half and 79% is the actual height of the candle. And that happens to be around the asian session. So
	280	+|279 |00:51:18,600 ~-~-> 00:51:26,340 |you could actually caught very nice move in the asian session which we're not gonna be talking too much about in this video series. really rely more on the
	281	+|280 |00:51:26,340 ~-~-> 00:51:45,210 |London opening new york open sessions. We have high here it 840 GMT and another high here at 1220. So we have a London open swing high and we have a new york
	282	+|281 |00:51:45,210 ~-~-> 00:52:00,630 |open swing high and the overall bearishness is again focused on because of higher timeframe. Any rallies you look to sell, say here's a high to a low put
	283	+|282 |00:52:00,630 ~-~-> 00:52:16,230 |that on that lower belongs and price trades right up into the sweet spot which is confirmed confluence of factors here we have a higher level timeframe support
	284	+|283 |00:52:16,230 ~-~-> 00:52:27,630 |resistance level, that 132 67 level ish, you can go around that you can round that to 132 70 or 132 60 small round number and not time of day that occurs it's
	285	+|284 |00:52:27,630 ~-~-> 00:52:36,750 |1215 and that's the New York open and then price moves lower respectively. Then we have
	286	+|285 |00:52:39,630 ~-~-> 00:52:51,540 |again price trading at this 130 to 39 Olds called once or not I'm sorry 130 to 440 level one was round to a nice round number. We have this range here trading
	287	+|286 |00:52:51,540 ~-~-> 00:53:01,650 |off of this resistance down to this resistance and then there's a retracement. Okay and pulling that range
	288	+|287 |00:53:09,180 ~-~-> 00:53:27,060 |make sure we get our candles. Okay we have in here we have Asia making the high the actual high formed on 130 GMT. This candle here is the 910 GMT it's new I'm
	289	+|288 |00:53:27,060 ~-~-> 00:53:39,750 |sorry London open price breaks down got a couple different little micro rallies in here and then finally gave up the ghost at 1230 GMT which is New York open
	290	+|289 |00:53:40,200 ~-~-> 00:53:54,120 |again trading right up into that 132 39 or 132 40 level and then really fell out of bed and again here trading in the same direction intraday we have this
	291	+|290 |00:53:54,120 ~-~-> 00:54:02,280 |resistance broken I'm sorry support broken now resistance and this small little range if you looked at the high in the low of that you'll get another small
	292	+|291 |00:54:02,280 ~-~-> 00:54:12,690 |little retracement for a London close continuation pattern going into the low of the day. We have
	293	+|292 |00:54:22,380 ~-~-> 00:54:38,820 |the high here in Asia previous day's high and low. Okay price comes down rallies up into the 62% retracement level here and it's confirmed by this same 3220
	294	+|293 |00:54:39,420 ~-~-> 00:54:53,520 |level which is nice levels 3220 and institutional level we like to watch the 20 levels and an old low okay and on this candle here. That is 1040 GMT and then we
	295	+|294 |00:54:53,520 ~-~-> 00:55:11,010 |have 945 GMT and we have seven GMT so All during the European and London session we have several opportunities to be seller into old lows broken now resistance
	296	+|295 |00:55:11,610 ~-~-> 00:55:21,930 |and market moves lower where would be reasonably expected to see reach for this old low again we're looking for support resistance levels the aim and and look
	297	+|296 |00:55:21,930 ~-~-> 00:55:40,440 |for new targets again same scenario here okay markets moving lower here's the opportunity you could use keying off of that 131 90 level was around that to a
	298	+|297 |00:55:41,460 ~-~-> 00:55:59,160 |small round number for from this high to that low you'll get a nice retracement okay relative sweet spot and sell off. And here. Same thing good news for
	299	+|298 |00:55:59,520 ~-~-> 00:56:05,670 |continuation in the same direction intraday. You use the fib on that for the New York open
	300	+|299 |00:56:14,310 ~-~-> 00:56:26,970 |get up in that sweet spot, and optimal trade entry and trade lower intraday. Now that's if you are a day trader, okay, and there's 45 pips or so laid at your
	301	+|300 |00:56:26,970 ~-~-> 00:56:40,500 |feet. using that as an example. Eventually, the market bounces and trades up into a previous range. Network, right, we're trading right into these resistance
	302	+|301 |00:56:40,500 ~-~-> 00:56:57,330 |levels. But see this high here, this low, and here's leg one, and leg to it if we use the high down to that, whoa. Again, we're looking at market swings. The
	303	+|302 |00:56:57,330 ~-~-> 00:57:04,800 |market trading into the optimal trade entry just fell short of this sweet spot, which actually comes right on top of that 3220 level, which is nice. I like
	304	+|303 |00:57:04,800 ~-~-> 00:57:15,300 |seeing stuff like that. There's where you got your setup. So I kind of gave you your answer for your homework. Didn't mean to do that. But sometimes that'll
	305	+|304 |00:57:15,300 ~-~-> 00:57:27,240 |happen guys. And there's your your retracement back into going into Friday. Okay, so that's what has happened since the last time we did our episode two in
	306	+|305 |00:57:27,240 ~-~-> 00:57:36,900 |the series, and how the reactions and price levels are laid at your feet, they were in advance given to you how to find them. What was needed to trade
	307	+|306 |00:57:36,900 ~-~-> 00:57:46,740 |direction and how you look for setups. Okay, this is what you do, you go through looking for support resistance levels, and you only take opportunities when
	308	+|307 |00:57:46,740 ~-~-> 00:57:55,020 |price gets to those levels. And you look for price patterns around that same higher level timeframe support resistance, okay. Notice we did not put any five
	309	+|308 |00:57:55,020 ~-~-> 00:58:02,040 |minutes where resistance levels, we did not put any 15 minutes support resistance levels, we didn't put an hourly support resistance level, we only use
	310	+|309 |00:58:02,040 ~-~-> 00:58:08,520 |the daily in the four hour, the higher timeframe. Those are your timeframes where the institutional sponsorship is going to come in. Okay, so hopefully,
	311	+|310 |00:58:09,030 ~-~-> 00:58:18,750 |this has been insightful to you. Again, apply the tools in a demo account setting and build your confidence and you determine when it's safe for you to
	312	+|311 |00:58:18,750 ~-~-> 00:58:33,570 |use live funds. Okay, we are looking at a 10 year t note daily chart. Okay, and I'm sure you're probably asking yourself, okay, well, when did we enter the
	313	+|312 |00:58:33,570 ~-~-> 00:58:46,320 |commodity realm? Well, I started as a commodity trader. And I learned from Larry Williams, one of my first mentors, that the interest rate market was basically
	314	+|313 |00:58:46,320 ~-~-> 00:58:54,150 |the market that controlled just about every market asset class there is. Interest rates are the driving force, whether you're a stock trader, whether
	315	+|314 |00:58:54,150 ~-~-> 00:59:04,740 |you're a commodity trader, Currency Trader, oil trader, it doesn't matter what it is, interest rates are the absolute underpinning of market dynamic moves up
	316	+|315 |00:59:04,740 ~-~-> 00:59:18,510 |or down, it's going to be more or less, it's going to be propelled by the interest rate market. Now, when we look at 1010 year t notes, there's one small
	317	+|316 |00:59:18,510 ~-~-> 00:59:28,200 |little extra I want to throw in here, I'm not breaking down my entire bond market analysis concept. It would be I could spend eight series times eight
	318	+|317 |00:59:28,200 ~-~-> 00:59:38,130 |videos I mean 64 videos and still not scratch the surface on the the elements of interest rates and how one could utilize those in in trading. But I'm gonna give
	319	+|318 |00:59:38,130 ~-~-> 00:59:47,370 |you a real simple basic framework where I'm sure it will take a lot of ambiguity out of the marketplace and for you as an analyst in your trading, and be able to
	320	+|319 |00:59:47,370 ~-~-> 00:59:55,950 |use it in a real world environment because I'm trying to avoid giving you information overload I'm just giving you small components that will very easily
	321	+|320 |00:59:55,950 ~-~-> 01:00:06,210 |and neatly fit together and allow you to have a better understanding of the macro economic perspective, which is essential whether you're a short term
	322	+|321 |01:00:06,210 ~-~-> 01:00:18,300 |trader, swing trader or even a day trader, we're gonna be looking at the interest rate yields. Now these are specifically going to be, you know, the 10
	323	+|322 |01:00:18,300 ~-~-> 01:00:29,700 |year mark, now they can be shorter and longer term. But for FX purposes, the 10 year will be sufficient. So let's take a look at a few examples on how we can
	324	+|323 |01:00:29,700 ~-~-> 01:00:33,180 |draw this information from the internet for free with no cost you.
	325	+|324 |01:00:40,560 ~-~-> 01:00:52,110 |Okay, guys, we're gonna look at some concepts utilizing the T note 10 year, and we're gonna be looking at some interest rate concepts, I want to give you some
	326	+|325 |01:00:52,110 ~-~-> 01:01:04,590 |free resources that you can do this width will cost you a dime, except for your internet connection. Alright, just do a Google, go to bar chart. Okay, and
	327	+|326 |01:01:04,590 ~-~-> 01:01:12,570 |you'll see bar chart.com. Okay, that's what you want, you want to click on that. Okay, when bar chart opens up like this, what you're gonna do is you're gonna
	328	+|327 |01:01:12,570 ~-~-> 01:01:22,980 |look over here, and it's gonna say, select the commodity, hit that little toggle window down. And you're gonna scroll down to the financial section here, and
	329	+|328 |01:01:22,980 ~-~-> 01:01:34,980 |you'll see 10 year t note, click on that. And it'll give you a few choices of contract month to choose the highest month here, okay? And this case is
	330	+|329 |01:01:34,980 ~-~-> 01:01:41,940 |September, okay, when this window opens up, and to go over here to customize chart, click on that.
	331	+|330 |01:01:47,160 ~-~-> 01:01:54,750 |Okay, and what we're going to do is, is going to scroll down a little bit, and we're going to do some changes to this. And what we want to do is, is you want
	332	+|331 |01:01:54,750 ~-~-> 01:02:10,620 |to be looking at daily nearest, click on that. And the reason why we want that is because it's going to show a continuous non break in, in the contract. As you
	333	+|332 |01:02:10,620 ~-~-> 01:02:23,100 |can see here, if I scroll up, you'll see these little spots on the chart here. Okay? You'll see an absence of that by using that type of chart. And we're going
	334	+|333 |01:02:23,100 ~-~-> 01:02:36,180 |to go to a candlestick, right to tick all the volume off. It's not essential for that here. Okay, and we want to see at least a year's worth. And we're gonna
	335	+|334 |01:02:36,180 ~-~-> 01:02:55,710 |click draw. Okay, and what we have here is a daily chart of the 10 year Tina. Okay. And what I want to show you is there are means of discerning where the
	336	+|335 |01:02:55,710 ~-~-> 01:03:08,580 |higher level tide, okay? Okay, and think in terms of your salmon. Okay. Generally, as a new trader, your salmon, you, you want to swim against the
	337	+|336 |01:03:08,580 ~-~-> 01:03:18,870 |current because if the market is going down, okay, it's probably not going to keep going down, okay? It's going to go up eventually, things you chant tend to
	338	+|337 |01:03:18,870 ~-~-> 01:03:27,720 |be contrarian as a new trader. So you want to fight against that tide? Well, I can tell you, as a salmon, you the outcome of that is they have fun when you get
	339	+|338 |01:03:27,720 ~-~-> 01:03:37,500 |to the top, okay? When they're right, and they survive it, but they eventually once that's done, and they they completed their task by getting there, they all
	340	+|339 |01:03:37,500 ~-~-> 01:03:47,760 |die. A lot of people don't realize that but the salmon dies when it gets there. And so do you want to be the salmon? Okay, do you want to swim with the tide?
	341	+|340 |01:03:48,510 ~-~-> 01:04:00,360 |Okay, and it's a kind of silly expression or example or analogy, but it really communicates the necessity of doing things the easy way. Okay, don't
	342	+|341 |01:04:00,360 ~-~-> 01:04:11,190 |overcomplicate, don't overcomplicate things. And the surest way to start that way of thinking as a trader is, where's the money flowing from? Is it flowing
	343	+|342 |01:04:11,190 ~-~-> 01:04:23,100 |into or out of currencies? Okay. And the essential question is, is how does one arrive at that answer? Well, you have to look at a macro perspective, okay. And
	344	+|343 |01:04:23,100 ~-~-> 01:04:35,670 |the way we look at it macro perspective is the interest rate market. Now, the interest rate markets are the absolute center focal point of all economic asset
	345	+|344 |01:04:35,670 ~-~-> 01:04:44,640 |classes, whether it be stocks, commodities, you know, currencies, it doesn't matter. The interest rate markets would drive rates and moves everything around.
	346	+|345 |01:04:44,670 ~-~-> 01:04:53,970 |You can argue with me all you want, but I'm gonna tell you, that's the case. Okay. So if we understand the interest rate market, we have everything laid at
	347	+|346 |01:04:53,970 ~-~-> 01:05:05,910 |our feet. We have the keys to everything you would ever want. Okay, the kingdom, okay, so if you understand this, you understand everything you'll need to know
	348	+|347 |01:05:05,910 ~-~-> 01:05:15,690 |on a higher timeframe premise. Okay? So now, I'm not going to go into all of my bond work. Okay, so we're just going to look at just the 10 year t note that's
	349	+|348 |01:05:15,690 ~-~-> 01:05:25,980 |going to be sufficient for this teaching series. But I promise you, there are so many levels deeper that you can go into. And it's really not taught anywhere on
	350	+|349 |01:05:25,980 ~-~-> 01:05:35,760 |the internet. My bond work is absolutely unique. And I'm going to blow my horn, there's nothing like it out there. So I've given a few little things about it in
	351	+|350 |01:05:35,760 ~-~-> 01:05:45,540 |the past, but I mean, there's so much more to it that helps discern what the interest of microbes are doing on an intraday basis on a week to week basis on a
	352	+|351 |01:05:45,540 ~-~-> 01:05:57,390 |daily if it's going to be up or down day. There's ways of looking at that seasonally and manage this is crazy, how you rhythmic this interest rate market
	353	+|352 |01:05:57,420 ~-~-> 01:06:12,270 |is. Now with that understanding, okay, if we look at a 10 year t note market, this is a chart of a daily futures contract of the 10 year t note. If we see
	354	+|353 |01:06:12,270 ~-~-> 01:06:23,730 |price, in this case, trade lower here. Okay. What is that telling us? Well, there is an inverse relationship between the futures contract and the actual
	355	+|354 |01:06:23,730 ~-~-> 01:06:38,910 |bond yield. Okay, the yield at the 10 year note is yielding is actually in this case here, it's going up. Okay, when the T note futures contract is rallying as
	356	+|355 |01:06:38,910 ~-~-> 01:06:46,860 |it does here, the yield would be declining. Vice versa, when we see the futures contract for the 10 year note
	357	+|356 |01:06:47,280 ~-~-> 01:07:00,300 |trading lower, that means that the yield is going higher. When the tenure tree, Tino is trading higher here, that means the bond yield for that 10 year note is
	358	+|357 |01:07:00,300 ~-~-> 01:07:12,210 |going lower, then we have a drop, lower and sustain move lower, that means there's a stain move higher in the bond yield. Now that's all fine and great.
	359	+|358 |01:07:12,240 ~-~-> 01:07:22,830 |But what does that really mean? Well, it means this if you want to be a buyer of currencies, and we're going to stick to our equation of being the fiber or your
	360	+|359 |01:07:22,890 ~-~-> 01:07:33,240 |listing, okay, that's it this teaching series is focused on, it's really goes along with the other majors too, but we're just going to use the euro. If the 10
	361	+|360 |01:07:33,240 ~-~-> 01:07:45,060 |year t note is trading lower, like this, that means the bond yield is going higher currencies are going to be chasing higher yield. So what does that mean?
	362	+|361 |01:07:45,120 ~-~-> 01:07:53,460 |As the yields go up, as we're gonna see another chart and how you can get that information as well, as the yields are going higher, the currencies are going to
	363	+|362 |01:07:53,460 ~-~-> 01:08:04,200 |chase that, okay, and that means they're gonna chase yield. What does that mean? That means while the 10 year note is trading lower, you want to be a buyer of
	364	+|363 |01:08:04,200 ~-~-> 01:08:22,440 |currencies. Okay, now, take a big step back now, go back to this price action here. If we see price, trade lower, and then rally up into a level of old
	365	+|364 |01:08:23,100 ~-~-> 01:08:32,310 |support broken here is resistance keep on going over here. Now this is now resistance, right? If you look at the high down to the low, we've essentially
	366	+|365 |01:08:32,310 ~-~-> 01:08:40,410 |retrace back to what would be considered a deep enough optimal trade entry. I'm not going to put the fib on here, you can do that. You have to subscribe. I'm
	367	+|366 |01:08:40,410 ~-~-> 01:08:49,890 |not going to key in my my information for bar chart Comm. But you can set up an account with this this website, it's free, absolutely free does not do anything,
	368	+|367 |01:08:50,220 ~-~-> 01:09:01,020 |but require you to have a email address. Okay. And my advice is to create an online email address that you use for all of your, your trading related things.
	369	+|368 |01:09:01,290 ~-~-> 01:09:09,030 |And that way, everything that gets spammed because you eventually will get spammed, I'm going to tell you that I have gotten I shouldn't say I've gotten
	370	+|369 |01:09:09,030 ~-~-> 01:09:19,800 |I've received rather some spam ever since I've signed up to this service, but if that's the small consolation, and in terms of accessing free commodity charts
	371	+|370 |01:09:19,800 ~-~-> 01:09:31,710 |that I like, this is certainly one way of doing it. So I don't work with the email address, you know, ICT at industrial trade comm or my inner circle trader
	372	+|371 |01:09:31,740 ~-~-> 01:09:45,300 |gmail account. I use the completely alien means of signing on to this, this website and a few other ones that I like to use. But as price rate rallies up
	373	+|372 |01:09:45,300 ~-~-> 01:09:54,810 |into this area here, we have an old level of resistance, which is support here. Okay, we could expect to see prices trade lower. Now what if we could have an X
	374	+|373 |01:09:54,810 ~-~-> 01:10:04,590 |ray view? Okay, imagine if you had an X ray machine or X ray memory A kid and maybe he is in the States. No, this grown up his kid, they had these little
	375	+|374 |01:10:04,590 ~-~-> 01:10:13,080 |things in the back of the comic book where it had X ray glasses, okay. And of course, I was a sucker and I spent my dollar 25 allowance and sent it in here.
	376	+|375 |01:10:13,350 ~-~-> 01:10:21,060 |And I bought myself a pair of them. And when I opened it up, it was ridiculous. It was just an optical illusion, it gives you the impression you're seeing, you
	377	+|376 |01:10:21,060 ~-~-> 01:10:33,480 |know, an X ray view. But there is a way of looking at the market on interest rates. Okay, as you can see where the tide is changing and turning. Now we're
	378	+|377 |01:10:33,480 ~-~-> 01:10:54,360 |going to come back to this chart, but for another free resource, we're going to create another tab. Okay, and we're going to go to do a 10 year bond. Yield
	379	+|378 |01:10:55,080 ~-~-> 01:11:03,150 |chart. Okay, when you click on that, you're gonna again, look for in the list.
	380	+|379 |01:11:09,300 ~-~-> 01:11:13,410 |Us generic government 10 year yield analysis.
	381	+|380 |01:11:20,340 ~-~-> 01:11:28,710 |Okay, let me see that is going to scroll down a little bit. You want to go and go to your chart here, not a snapshot, you want to go to chart.
	382	+|381 |01:11:38,550 ~-~-> 01:11:55,440 |Okay, and just do a year. Okay, what we have here is the fluctuations of the actual yield. Okay, out the 10 year Treasury market. Now watch what happens.
	383	+|382 |01:11:55,980 ~-~-> 01:12:09,510 |Let's go back to that 10 year, Tino chart. Price made a high here in April, and then going into May, we made a higher high, you see that? Okay, then we made an
	384	+|383 |01:12:09,540 ~-~-> 01:12:22,560 |ultimate high in the target market and traded lower. Let's go and you see a Converse relationship here in the yield. Okay, here's that low and then a lower,
	385	+|384 |01:12:22,710 ~-~-> 01:12:34,860 |low in the yield. Again, thinking inversely here, okay, all we did was have a mirror image of that happening here. Okay. And then there's been this rally up
	386	+|385 |01:12:34,920 ~-~-> 01:12:45,930 |or sustained move in the bond yield. So as the bond market, I'm sorry, the interest rate on the 10 year has been moving up, okay. That means that the
	387	+|386 |01:12:46,050 ~-~-> 01:12:56,490 |currency markets are going to be looking to rally. Okay, that means they're going to be looking to go higher. So now, as a higher level timeframe,
	388	+|387 |01:12:56,550 ~-~-> 01:13:06,690 |institutional sponsorship minded trader, it's like, that's what we're trying to cultivate in you right now. You want to be focusing the majority of your
	389	+|388 |01:13:06,690 ~-~-> 01:13:18,810 |trading, okay, now, here's one of those notepad moments when you want to risk the maximum amount of leverage that your personal risk appetite permits, Okay,
	390	+|389 |01:13:19,050 ~-~-> 01:13:30,570 |and let's put it out right now do not risk more than the industry standard 2% per trade or maximum account exposure at any one time. Okay. And we're gonna say
	391	+|390 |01:13:30,570 ~-~-> 01:13:40,440 |that that's the case here. You have the green light, go to be risking 2% or whatever your maximum is in your demo account. Again, because this is for
	392	+|391 |01:13:40,680 ~-~-> 01:13:47,400 |teaching purposes only and not given you trade advice. You have to discern whether or not this is useful information to you. And if you trade on that with
	393	+|392 |01:13:47,400 ~-~-> 01:13:57,960 |live funds, it's completely 100%. Your responsibility you collect all the success and accolades. I don't know. Okay, so by looking at this type of
	394	+|393 |01:13:57,960 ~-~-> 01:14:09,570 |scenario, you could be a maximum risk trader, as a buyer, okay. And what does that also mean for being a short seller, if you're an intraday trader, don't
	395	+|394 |01:14:09,570 ~-~-> 01:14:18,930 |risk maximum, okay? Because the higher level timeframe tide is poised to be moving higher. Why? Because the yields are going up, and eventually, the
	396	+|395 |01:14:18,930 ~-~-> 01:14:30,840 |currencies are going to try to snap up and chase after that yield. Okay, so what does that mean? Well, let's look at April and May time period in the euro.
	397	+|396 |01:14:36,000 ~-~-> 01:14:45,300 |Now, obviously, once you set these, once you open your charts up like this, you're going to be wanting to save them in your Favorites tab. Okay, I have one
	398	+|397 |01:14:45,300 ~-~-> 01:14:57,120 |for the euro for the bond, and I'm sorry for the British pound for the dollar index and a half one for the 10 year t note. Okay, here is a weekly, because
	399	+|398 |01:14:57,120 ~-~-> 01:15:18,420 |that's what I save. But we're gonna go down to a daily nearest and support nine months of it. And we're going to draw the chart. Okay, and I left the CO t data
	400	+|399 |01:15:18,420 ~-~-> 01:15:31,170 |on there. But you guys know me, I'm not about stuff like that I get it off. It'll distract me. case, I just took that off. And now what we're doing is we're
	401	+|400 |01:15:31,170 ~-~-> 01:15:48,030 |looking at the, here's the APR. And here's may timeframe where the Euro did what we made a low here, came down, made a low, traded higher, came down in July, ran
	402	+|401 |01:15:48,030 ~-~-> 01:16:00,000 |out the lows here, but this right here was suspect. Why? Because the yields are going higher. Okay, so while we did trade down to these levels, okay, those that
	403	+|402 |01:16:00,000 ~-~-> 01:16:12,510 |were watching my market reviews, okay, I discussed that the British Pound was poised to move higher as well, all in the same time periods. And that was the
	404	+|403 |01:16:12,510 ~-~-> 01:16:21,930 |case you can see it happening and voting here. So we saw again, the fiber, your USD pair, traded Higher, higher, higher, higher higher heart and were to trade
	405	+|404 |01:16:21,930 ~-~-> 01:16:37,020 |to an old high blow it out just a little bit. But eventually now we're trading counter Okay, what the yield markets are suggesting, okay, so we could retrace a
	406	+|405 |01:16:37,020 ~-~-> 01:16:46,080 |little bit deeper and and try to trade up and fill this area here. But bottom line is, is ultimately these are the types of moves. Okay, you want to be
	407	+|406 |01:16:46,080 ~-~-> 01:16:57,870 |participating in? Okay, do you see the majority or Lion's portion of the market moves are happening on the higher level timeframe being a buyer. Okay. Very,
	408	+|407 |01:16:57,960 ~-~-> 01:17:09,600 |very sustained long. Basically, you know, intermediate term swings are on the upside. Okay. Now, granted, there's some profitability to be made going short,
	409	+|408 |01:17:09,630 ~-~-> 01:17:21,000 |there's nothing arguing against that here. Okay. But we're saying is, is if you want to be directionally poised as a trader and only focusing on institutional
	410	+|409 |01:17:21,000 ~-~-> 01:17:38,790 |level, direction, okay, this is one way of doing it. Okay. Let's look at the bond yields chart again. Now, there is another opportunity to look behind the
	411	+|410 |01:17:38,790 ~-~-> 01:17:58,260 |marketplace. Okay, we talked about this x ray view concept. I'm going to go to Google once again. And we're going to go and look at the 10 year German bond
	412	+|411 |01:17:59,310 ~-~-> 01:18:15,030 |yield. Okay, when you see that you're gonna go to, or we got here, sorry, German government bonds. And then here's it here, when you see gdb r 10, that's the one
	413	+|412 |01:18:15,030 ~-~-> 01:18:27,930 |we're looking for. Okay, all I'm doing is opening that up. So I can cut and paste the symbol. If you want to have an individual chart like this, obviously,
	414	+|413 |01:18:27,930 ~-~-> 01:18:47,850 |you can do that. You can see now we have this chart. Now this is showing the 10 year rate of the German bond yield for 10 year rate. If you every time you open
	415	+|414 |01:18:47,850 ~-~-> 01:19:04,680 |up a new chart, it'll give you your history. Okay? And what I'm only I'm going to copy that cuz I don't trust myself to remember it when I get it on this page.
	416	+|415 |01:19:05,790 ~-~-> 01:19:19,710 |And you got to type in colon ind. Okay, and then what that does is it compares the two Okay, so we have the Orange is the US 10 year bond yield and you have
	417	+|416 |01:19:19,710 ~-~-> 01:19:31,650 |the green which is the German or which is closely associated to the fiber, Euro USD. The green is seeing here now here's what I want you to look at. If you look
	418	+|417 |01:19:31,650 ~-~-> 01:19:32,280 |at this chart,
	419	+|418 |01:19:33,900 ~-~-> 01:19:45,930 |you'll notice that the orange okay has a low here goes higher and goes lower again but look at the low is higher than it is here. You do not see that
	420	+|419 |01:19:45,930 ~-~-> 01:20:00,870 |happening with the German. Okay. The German went lower. Okay, and you probably seen it easier if I went to three year. Yes. We went lower on the German higher
	421	+|420 |01:20:01,710 ~-~-> 01:20:16,950 |in the US. So comparing the lows, respectively. There is a accumulation going on. And it's seen with the US bond yield. Okay. So now if we go back to Google
	422	+|421 |01:20:16,950 ~-~-> 01:20:39,420 |once again, we do a 10 year UK bond. Yield chart. You mean looking for again, the Bloomberg, and it'll say, government bond 10 year note generic, the G Uk
	423	+|422 |01:20:39,720 ~-~-> 01:20:55,200 |GU 10 ind. Okay, I'm just going to copy it from here. And then actually open the troughs, you can see it. Now it's in my clipboard, I can just drop it in online
	424	+|423 |01:20:55,380 ~-~-> 01:21:10,410 |first chart for comparison reasons. And you can see here, change it to a year. You can see the same thing happening here, that the bond market yield turns on
	425	+|424 |01:21:10,410 ~-~-> 01:21:22,050 |the diamond that same April May time period and starts rallying up. So now if we go back to diff, first chart router, you have the US and German, I'm going to
	426	+|425 |01:21:22,050 ~-~-> 01:21:41,490 |paste the UK. And by having the three on here, you can see now the orange makes a lower low than we had here. The red makes a higher low, and the green makes a
	427	+|426 |01:21:41,490 ~-~-> 01:21:55,890 |lower low. So there's a divergence between the three. Okay, and if I go to a six month now you really can't see it's got to be seen on a one year. But my advice
	428	+|427 |01:21:55,920 ~-~-> 01:22:06,450 |would be is you want to pull this up every month and take a snapshot picture just to create a screen capture. And just keep a record of it and you'll be able
	429	+|428 |01:22:06,450 ~-~-> 01:22:15,000 |to go back and look at where it diverged. But basically, if you look at every three months or so there is a shift. Okay, there's a shift in these, these
	430	+|429 |01:22:15,000 ~-~-> 01:22:27,570 |yields. Okay, and you can see the happening here and beginning of the year where the green or the German 10 year did not make a higher high, whereas the British
	431	+|430 |01:22:27,900 ~-~-> 01:22:38,220 |UK yield did and said that the American so that that was the shift when they started to move lower. Okay, so there's a continuous move up and down, up and
	432	+|431 |01:22:38,220 ~-~-> 01:22:50,850 |down. But generally around the springtime, there's a sustained move that moves throughout the summer. And it's based on income tax and portfolio dressing that
	433	+|432 |01:22:50,850 ~-~-> 01:23:03,630 |goes along with your money flow and moving things from one asset class to another. And new overall basic global money system. Okay, and it just repeats
	434	+|433 |01:23:03,660 ~-~-> 01:23:12,810 |all the time. Just it's it's always there. If you just look at the higher time frame, macro view like this, it's very easy to get in sync with the tide. Now
	435	+|434 |01:23:12,810 ~-~-> 01:23:17,970 |just for completeness sake. Okay, we're going to look at the British Pound
	436	+|435 |01:23:23,220 ~-~-> 01:23:44,550 |Okay, and we're just going to show you the effects again, just for completeness sake, not that we're going to utilize in the cable in our examples, but once you
	437	+|436 |01:23:44,550 ~-~-> 01:24:00,000 |to see that the effects are similar with this pair as well. Okay, here's our April. Now, it actually made a low earlier in the year came off, here's a load
	438	+|437 |01:24:00,000 ~-~-> 01:24:08,820 |is tradable. Yours may load that was tradable. And we came down this is where I was telling everyone in my market review in advance that this level here was
	439	+|438 |01:24:08,820 ~-~-> 01:24:21,240 |going to be sensitive, and we would see a buying opportunity. And here we are 900 pips later. We're up here where it was going to go back to an old high. Why
	440	+|439 |01:24:21,240 ~-~-> 01:24:28,050 |was it rallying up like this and canoeing pushing Higher, higher and higher and higher? Everyone scratching your head saying what's going on? It's because it's
	441	+|440 |01:24:28,050 ~-~-> 01:24:36,420 |chasing the yields. Okay? And there's been no clear discernible means of reversing in the yield market. So therefore, there's no real clear, discernible
	442	+|441 |01:24:36,420 ~-~-> 01:24:47,760 |reason to expect this thing to reverse and trade and blow out this low. So I would still be hunting, bullish scenarios longer term, but certainly not
	443	+|442 |01:24:47,760 ~-~-> 01:25:02,880 |negating any short term intraday, scalping or short term intraday day trading scenarios for being a bear. So now we have covered the 10 years rate times our
	444	+|443 |01:25:02,880 ~-~-> 01:25:13,980 |10 year t note, okay, if you do your analysis on this futures market, everything is reverse in terms of the interest rates yield. And if the 10 years going
	445	+|444 |01:25:13,980 ~-~-> 01:25:24,240 |lower, that means that the bonds are going higher the actual rate yielding the interest rate. And if that's the case, the currency markets are going to chase
	446	+|445 |01:25:24,240 ~-~-> 01:25:33,180 |yield. Okay, so if the yields are dropping, they're gonna go on file it. And if it's going up, it's gonna be falling as well. Okay. So if that's been Saiful to
	447	+|446 |01:25:33,180 ~-~-> 01:25:44,040 |you, and obviously, you know, it's gonna take some time in a long time to learn this concept, because it takes a while for these things to cycle through, you
	448	+|447 |01:25:44,040 ~-~-> 01:25:51,480 |know, on an annual basis and quarterly basis, but I promise you, if you'd spend some time, it'll be absolutely a wealth of insight that is not cleanable
	449	+|448 |01:25:51,630 ~-~-> 01:26:07,230 |anywhere on the internet. Okay, guys, we are looking at the timeframe section of this episode. Now, obviously, you know, it can be very daunting for you as a
	450	+|449 |01:26:07,230 ~-~-> 01:26:13,350 |trader, especially if you're new, and you just sit down in front of the charts and you're thinking yourself, you know, what am I supposed to be looking at? Am
	451	+|450 |01:26:13,350 ~-~-> 01:26:19,950 |I supposed to looking at a five minute chart? How about 30 minute chart? You know, the guy I've read on the forum said, he looks at a two minute chart? And
	452	+|451 |01:26:19,950 ~-~-> 01:26:25,500 |how about the other guy, he looks at a tick chart? And there's all the guy says he's looking at anything but a weekly chart, you know, so what do you do with
	453	+|452 |01:26:25,500 ~-~-> 01:26:35,700 |all that? Well, the main thing is, is you have to keep in mind that whatever timeframe you're trading, that's where you work within. Okay, so basically,
	454	+|453 |01:26:35,700 ~-~-> 01:26:46,020 |knowing your timeframe for your trade is your primary objective. Now, the professional perspective, okay, that the frame of your trade should be at least
	455	+|454 |01:26:46,260 ~-~-> 01:26:56,640 |built upon three timeframes. And that's what we're teaching here, I'm building a large introduction into basically Alexander elders triple screen approach with
	456	+|455 |01:26:56,640 ~-~-> 01:27:07,800 |an ICT twist. So first position trader, you will utilize the monthly, the weekly in a daily chart, okay, and you'll be looking for a monthly higher level,
	457	+|456 |01:27:08,370 ~-~-> 01:27:17,580 |timeframe support resistance levels and reaction levels, and weekly chart as well and then keying off of the daily chart for your trades. Now, in this time
	458	+|457 |01:27:17,580 ~-~-> 01:27:26,880 |frame, you don't need to be in front of the charts all the time. In fact, you're probably going to be trading very few setups throughout the year. But for those
	459	+|458 |01:27:26,880 ~-~-> 01:27:39,180 |that have really, very, very few hours of the week, to put into trading, position trades may be the way to go. If you are a little bit more free, and you
	460	+|459 |01:27:39,180 ~-~-> 01:27:42,390 |have a lot more hours available to you
	461	+|460 |01:27:42,780 ~-~-> 01:27:53,310 |for intraday, or I'm sorry, intra week trading, swing trades might be up your alley, we use the daily, the four hour in a one hour chart. And that's really
	462	+|461 |01:27:53,310 ~-~-> 01:28:04,230 |what this series has been framed upon. The daily chart and for our chart really are the institutional frames for your your trade setups and your as your trade
	463	+|462 |01:28:04,230 ~-~-> 01:28:14,400 |ideas, the one hour basis, you could, you could substitute that with a 15 minute chart, it's really up to you. Okay, there's that's where the level of
	464	+|463 |01:28:14,400 ~-~-> 01:28:22,830 |flexibility comes in. Now, short term trading, your high high timeframe chart would be the four hour and the one hour be in your mid timeframe and your 15
	465	+|464 |01:28:22,830 ~-~-> 01:28:30,660 |minute chart would be your execution timeframe. And obviously, for day trades and scalps, your one hour would be higher, higher timeframe, your 15 minute
	466	+|465 |01:28:30,660 ~-~-> 01:28:40,710 |would be your mid timeframe, and your five minute chart would be your execution timeframe. Now at any one of these levels of timeframe analysis, you can always
	467	+|466 |01:28:40,710 ~-~-> 01:28:51,390 |break it down further to the lowest form of charting. In other words, it could go down to a one minute chart. Now I don't use one minute charts, the lowest I
	468	+|467 |01:28:51,390 ~-~-> 01:29:00,060 |go is five minutes. And that's only when I've really honed into a specific key level. And an either either day trading or scalping, which I don't do very much
	469	+|468 |01:29:00,060 ~-~-> 01:29:09,660 |of. But most of my trades are day trades, short term, and swing trades. But that's the framework you utilize when you're breaking down the market and how
	470	+|469 |01:29:09,660 ~-~-> 01:29:18,570 |you digest it. And if you're going to be a specific type of trader, if you work with these three timeframes as good as suggestions, I think they'll work well
	471	+|470 |01:29:18,570 ~-~-> 01:29:28,380 |with you in terms of your development. Alright, let's talk about cycles in the marketplace. Okay, we're gonna be talking about some smart money concepts and
	472	+|471 |01:29:28,410 ~-~-> 01:29:39,330 |some of these concepts. Again, go back to Larry Williams. And again, he was one of my first technical analyst, quote, unquote, mentors. And one of the coolest
	473	+|472 |01:29:39,330 ~-~-> 01:29:49,890 |things I learned and it didn't really hit me until I started trading the bond market the s&p but he taught a concept. It's very, very generic, and it goes
	474	+|473 |01:29:49,890 ~-~-> 01:29:58,260 |right over your head. If you're a new trader, you're thinking yourself what is stupid or that's not exciting, or it's pretty obvious, but it's amazing how when
	475	+|474 |01:29:58,260 ~-~-> 01:30:06,900 |you're trading or you're looking for setups you forget This phenomenon. diff concept is basically how the market moves from trading ranges, or
	476	+|475 |01:30:06,900 ~-~-> 01:30:15,660 |consolidations, to swings or trends. And they move immediately right back into a consolidation. And then, after consolidation, people get sick and tired of the
	477	+|476 |01:30:15,660 ~-~-> 01:30:24,630 |marketplace, they don't worry about getting in, or they chased the previous move. And that inside the little consolidation, or these rectangles or squares,
	478	+|477 |01:30:24,630 ~-~-> 01:30:36,180 |if you look at on this chart is seen as an example. That's where dealers and market makers established her positions. Okay. So we do not chase the
	479	+|478 |01:30:36,180 ~-~-> 01:30:46,980 |marketplace, we do not chase price rallies, we do not chase price declines. We work within these consolidations, smart money accumulates during consolidations,
	480	+|479 |01:30:46,980 ~-~-> 01:30:54,870 |or when the markets not attractive, okay, and we're going to build on this model as we go through the series, but it's very important for you to start looking at
	481	+|480 |01:30:54,870 ~-~-> 01:31:04,950 |the charts with this premise in mind, are we consolidating, because that's the next at the precursor is the consolidation, then the next thing to expect would
	482	+|481 |01:31:04,950 ~-~-> 01:31:13,140 |be that a release that dynamic thrust up or down in price action where everybody gets really excited, you see everybody tweeting about it, you see, every animal
	483	+|482 |01:31:13,140 ~-~-> 01:31:20,460 |is saying they had it right for you for the last six months. That's really what you're looking for, you want to be in there before everyone else is talking
	484	+|483 |01:31:20,460 ~-~-> 01:31:21,270 |about, okay?
	485	+|484 |01:31:23,760 ~-~-> 01:31:36,210 |I'm gonna be talking about the concept of power of three. Okay. And what this is, is basically a understanding of how the market works on a daily range. Okay,
	486	+|485 |01:31:36,210 ~-~-> 01:31:45,390 |now, we're going to be looking at this bar chart. Okay. Now, obviously, we deal with candlesticks, a lot in my videos, and maybe in your own trading in your
	487	+|486 |01:31:45,390 ~-~-> 01:31:56,460 |technical analysis. But for a couple minutes, let's spend a few moments talking about how the open high low close bar is beneficial. Now, I'm not going to give
	488	+|487 |01:31:56,460 ~-~-> 01:32:04,650 |you a full treaties on on this because I have actually a tutorial that I'm releasing that has much more insight that I'm going to go over in that but this
	489	+|488 |01:32:04,650 ~-~-> 01:32:15,210 |is going to be a brief introduction. The concept briefly is this when the market opens up on a daily range, okay, you as a trader, you want to be participating
	490	+|489 |01:32:15,240 ~-~-> 01:32:23,640 |in large range moves, okay, like we just discussed in the previous slide, you want to be entering the market, when it's quiet when there's not a whole lot of
	491	+|490 |01:32:23,640 ~-~-> 01:32:32,340 |activity, or at least when the ranges start to compress. Okay, when the ranges start to get small, people get really bored with that market, they start chasing
	492	+|491 |01:32:32,340 ~-~-> 01:32:40,080 |the next pair or the next commodity market or whatever it is moving around a lot. That's the one they're gonna move, move to, well, dornod small little
	493	+|492 |01:32:40,080 ~-~-> 01:32:51,330 |consolidations are small inside days or small, daily ranges, that's when I get really excited because I want to be in there when the markets are getting real
	494	+|493 |01:32:51,330 ~-~-> 01:32:58,620 |quiet to like a spring winding up tighter and tighter and tighter. And eventually, something whatever the catalyst is, I don't always know or even
	495	+|494 |01:32:58,620 ~-~-> 01:33:06,180 |care, we really didn't know what it is, makes the market take off. And hopefully in a predetermined direction that I was positioned, then before it takes place.
	496	+|495 |01:33:06,630 ~-~-> 01:33:15,450 |That's that's essentially what you want to be doing in your trading, whether it be day trading, scalping, or short term trading, or position trading, or swing
	497	+|496 |01:33:15,450 ~-~-> 01:33:24,360 |trading, whatever style trading it is, you want to be getting in your position during these consolidations and contractions of ranges. Okay, looking at this
	498	+|497 |01:33:24,360 ~-~-> 01:33:32,940 |example, here on the left hand side of the euro, this daily chart, just stare at this chart for a couple minutes and you'll start seeing the how the ranges get
	499	+|498 |01:33:32,940 ~-~-> 01:33:41,310 |smaller. Now excluding the smaller itty bitty tiny low ranges, that's actually a Sunday candle. So you gotta gotta like disregard those. But before the ranges
	500	+|499 |01:33:41,340 ~-~-> 01:33:49,800 |get really, really big, they actually get smaller. Okay, and there's other examples of timeframes and sample sizes you can utilize to better illustrate
	501	+|500 |01:33:49,800 ~-~-> 01:33:57,450 |this, but I've been looking at this for years. And I can see just simply looking at for a few seconds, I can see the, the pattern itself where the ranges get
	502	+|501 |01:33:57,450 ~-~-> 01:34:06,870 |smaller than expand, gets smaller, get expand and get smaller. That phenomenon, okay, is one of the truest cycles in the marketplace, and it goes over
	503	+|502 |01:34:07,230 ~-~-> 01:34:13,530 |everyone's head, they don't pay attention to it. And many times when they hear me talking about it, it's like, well, that's pretty obvious, isn't really
	504	+|503 |01:34:13,530 ~-~-> 01:34:21,270 |obvious, because the last few times you took a trade maybe there are losers. Did you take in consideration what was going on? Did you chase the market after it
	505	+|504 |01:34:21,270 ~-~-> 01:34:33,300 |rallied up to 60 pips, okay, but without any kind of retracement or whatever. That's the nature of this cycle, okay. And some of the best money can be made
	506	+|505 |01:34:33,300 ~-~-> 01:34:44,370 |simply with just applying the consolidations to trend or swing component we just discussed in the previous slide, and adding when the daily ranges themselves get
	507	+|506 |01:34:44,370 ~-~-> 01:34:55,200 |smaller. So, inside, there's larger consolidations. Okay, we're rectangles were trading range market environment and develops inside that trading range if you
	508	+|507 |01:34:55,200 ~-~-> 01:35:03,480 |start getting small inside days or small little daily ranges getting smaller than the previous Then you have a really good scenario where it sets up where
	509	+|508 |01:35:03,480 ~-~-> 01:35:10,680 |there's going to be an explosive move one, day two, day three day up, or down event following directional bias, that was the precursor going into that
	510	+|509 |01:35:10,680 ~-~-> 01:35:25,080 |condition. But now let's break the daily bar itself down. Looking at the opening, assuming that we were looking for a up day, okay, or we're in a bullish
	511	+|510 |01:35:25,110 ~-~-> 01:35:34,830 |scenario, generally speaking, if you're trading in an area where it's highly probable for the market to trade up, maybe we're in a consolidation on a daily
	512	+|511 |01:35:34,830 ~-~-> 01:35:45,480 |chart, or four hour and the range of start contracting, okay. One large range days, this is a notepad moment and get this written down in your notepad, on
	513	+|512 |01:35:45,480 ~-~-> 01:35:57,090 |large range days, the open tends to be at the opposite extreme of the daily range, opposed to the close. As you can see, in this example, obviously, this is
	514	+|513 |01:35:57,090 ~-~-> 01:36:08,100 |an illustrative example I drew with the computer, but it's kind of communicate the basic premise, the open generally is on an update of a large range with an
	515	+|514 |01:36:08,130 ~-~-> 01:36:21,780 |update bias. And a closed typically sees the open at the low of the day, or near the low with the close at or very near the high today. Okay. Now, look at the
	516	+|515 |01:36:21,780 ~-~-> 01:36:24,420 |example for a moment, to the left.
	517	+|516 |01:36:35,880 ~-~-> 01:36:48,030 |Notice how many, again, this is a daily chart of the euro, notice how many times that open isn't the opposite extreme of the daily bar, where the closes, okay?
	518	+|517 |01:36:48,510 ~-~-> 01:36:58,830 |there's enormous amounts of opportunity within the daily range. And that is what you should be looking for. You want to be trading at the very minimum in the
	519	+|518 |01:36:58,830 ~-~-> 01:37:09,540 |directional bias of the daily range. Okay. We talked about the notion of having the higher low form in the early part of the week. Okay, so that same principle
	520	+|519 |01:37:09,540 ~-~-> 01:37:20,280 |applies here, just on a daily chart. Okay. So now what this means is, if you're bullish, you want to be looking at the opening price. And looking at that as
	521	+|520 |01:37:20,280 ~-~-> 01:37:31,980 |your filter, so you want to be buying not very much above it, if at all, really, and certainly below it, okay, because what you'll learn is, the opening price,
	522	+|521 |01:37:32,430 ~-~-> 01:37:43,290 |very rarely works both sides, up or down before going up, want to update not words, price does not spend a whole lot of time monkeying around with the
	523	+|522 |01:37:43,290 ~-~-> 01:37:51,930 |opening price. If it goes down, it's only going down briefly for a very short distance, maybe reached blow at some stops, maybe retest and old consolidation,
	524	+|523 |01:37:52,230 ~-~-> 01:38:00,540 |dip into an old block of orders for institutional purposes, and then shoot straight up and continuously work one side of the market all the way through the
	525	+|524 |01:38:00,810 ~-~-> 01:38:09,450 |trading session. And then closing off many times a little bit off the high. Looking at the example you have here, you can see that just about happening
	526	+|525 |01:38:09,480 ~-~-> 01:38:21,240 |almost on a daily basis. The vice versa would be obviously on a down move, the open would be very near the high and the close very close to the low. The
	527	+|526 |01:38:21,240 ~-~-> 01:38:32,610 |general principle is the low is formed briefly after the opening on updates and the high generally forums between 15 116 100 GMT put that in your notepad and
	528	+|527 |01:38:32,610 ~-~-> 01:38:45,900 |then you test that theory on your own going forward for the next couple of weeks. Okay, let's look at a large range day. Okay, we've pointed out this one
	529	+|528 |01:38:45,930 ~-~-> 01:38:55,620 |specifically here. And this is one actually did trade. Now admittedly, I got out during the middle part of the day because I had thought that it was going to
	530	+|529 |01:38:56,490 ~-~-> 01:39:05,670 |retrace a little bit deeper and and give me a better opportunity. But I missed it. And I was only able to catch the first leg of the daily trend. But this
	531	+|530 |01:39:05,670 ~-~-> 01:39:15,960 |large range day, okay, came with the principles that we just discussed. Okay, we had the chart here on the right hand side is going to depict a few things. The
	532	+|531 |01:39:15,960 ~-~-> 01:39:27,150 |first let's look at this, okay, we have the beginning of a new day here. Okay? Then the market Peters around, okay, this is all Asia, okay? In this vertical
	533	+|532 |01:39:27,150 ~-~-> 01:39:38,040 |line, delineated here is midnight, New York time, okay. Then you see the market dropped down during the European session in London. Then the market takes off
	534	+|533 |01:39:38,040 ~-~-> 01:39:47,580 |goes vertical, goes into a consolidation. Okay. And during this time, what I actually expected was to retrace a little bit deeper, maybe come back down into
	535	+|534 |01:39:47,580 ~-~-> 01:40:00,660 |touch this high in here. But this was a New York open trade here, and an event violently traded higher going into the latter part of the day. And then Peters
	536	+|535 |01:40:00,660 ~-~-> 01:40:10,860 |off from the high encloses just a little bit off the high, but certainly, well way away from the opening price. And then after this vertical delineation here,
	537	+|536 |01:40:10,860 ~-~-> 01:40:20,490 |this is 1800 GMT. And I'm gonna talk about these two markers in a moment because I've really never discussed this on any other video or series or any kind of
	538	+|537 |01:40:20,580 ~-~-> 01:40:29,160 |discussion. But I'm actually going to highlight more insight as to why 1800 is very significant number, then in the market SNC goes quiet going into the new
	539	+|538 |01:40:29,160 ~-~-> 01:40:42,150 |day. Now, what is so special about the midnight timeframe on New York? Well, the North American continent doesn't consider the new day. Like, the FX market
	540	+|539 |01:40:42,150 ~-~-> 01:40:51,570 |generally calls the you know, in Wellington being the new new start of a new day, I don't consider that as a new day. Okay, now, I certainly take in
	541	+|540 |01:40:51,570 ~-~-> 01:41:03,180 |consideration all the Asian trading, okay. But, and this is gonna be very confusing, but I always count that as yesterday's trade. My new day begins at
	542	+|541 |01:41:03,180 ~-~-> 01:41:11,280 |midnight, New York Standard Time. Now, again, that's gonna probably gonna throw a lot of us off, but just understand this is how I break the market down
	543	+|542 |01:41:12,180 ~-~-> 01:41:21,240 |midnight, New York time to 1800 GMT time, okay, or basically 2pm
	544	+|543 |01:41:22,260 ~-~-> 01:41:29,700 |New York time. Okay, that's the cutoff of the daily range. Everyone asked, when's the close? You know, when does New York close? Or when does this and when
	545	+|544 |01:41:29,700 ~-~-> 01:41:38,400 |does that? Let's talk about the commodity market for a moment. Because before FX was opened up to the general public, the only time you could really participate
	546	+|545 |01:41:38,430 ~-~-> 01:41:50,580 |in the currency market was if you were trading the options market or the futures and or midam contracts on the commodity exchanges. And it was in the form of
	547	+|546 |01:41:50,580 ~-~-> 01:42:00,300 |open outcry. Now open outcry is still in existence today, not as predominantly as was years ago because everything's slowly transitioning to electronic much to
	548	+|547 |01:42:00,300 ~-~-> 01:42:11,700 |dismiss once to their dismay, but there is essentially a rhythm to the marketplace is still based on that open outcry. Now, but doesn't you know, pet
	549	+|548 |01:42:12,780 ~-~-> 01:42:21,870 |currency markets, okay or calm dolls? Okay, that means the commodity markets that trade on the futures contract basis that means Australian dollar, Canadian
	550	+|549 |01:42:21,870 ~-~-> 01:42:35,010 |dollar British Pound Swiss franc job Japanese yen, okay, those currencies, okay? Are cocktails, they can be traded as a futures contract. The futures contract
	551	+|550 |01:42:35,010 ~-~-> 01:42:46,500 |open outcry pit begins trading at 720 New York time. Now, what do you think so significant about that time? That's 20 minutes after the beginning of our New
	552	+|551 |01:42:46,500 ~-~-> 01:42:58,320 |York open kill zone. Okay. Why is the New York open kill zone so cool and so easy to trade is because that market event open outcry also is going to be
	553	+|552 |01:42:58,590 ~-~-> 01:43:10,680 |involved in the daily range. Okay. Why 1800? Well, because at two o'clock in the afternoon in New York time, the open outcry pit closes, and they are gone for
	554	+|553 |01:43:10,680 ~-~-> 01:43:21,510 |the day. And you can see here that clearly is illustrated, there's no more volatility, very married, very little volatility all unless there's a FOMC. You
	555	+|554 |01:43:21,510 ~-~-> 01:43:27,870 |know, interest rate announcement, which typically comes in around two o'clock in the afternoon, you know, in late in the afternoon, where it really nobody should
	556	+|555 |01:43:27,870 ~-~-> 01:43:37,170 |be trading anyway. So will you miss a move? Certainly, if you if that's if you're really involved in trying to gamble trading those types of events like
	557	+|556 |01:43:37,170 ~-~-> 01:43:44,760 |non farm payroll, I can certainly do without trading one Friday of every month, okay, I don't really care to be a part of that roller coaster, I can trade it, I
	558	+|557 |01:43:44,760 ~-~-> 01:43:54,720 |just choose not to. But if you bracket out your days like this, okay, on an intraday basis, I think what you'll start seeing is there's a clear symmetry to
	559	+|558 |01:43:54,720 ~-~-> 01:44:09,930 |the market that goes unnoticed by 99% of mentors, or gurus or teachers, or even traders and this is the actual daily range that goes on every single day. If you
	560	+|559 |01:44:09,930 ~-~-> 01:44:21,570 |understand how that works, you can see this, the open the down move to move up the high and off the close. And as you see here, the open the down move, the
	561	+|560 |01:44:21,570 ~-~-> 01:44:30,900 |high format and then off the close, and then off the high as it close. So that's what we're looking for when we're trading intraday or getting positioned during
	562	+|561 |01:44:31,380 ~-~-> 01:44:44,970 |up word bullish market environments. Okay, let's talk about kill zones. Okay, and first, we're gonna talk about it in my timezone, which is the Eastern
	563	+|562 |01:44:45,000 ~-~-> 01:44:57,480 |Standard Time. I live on the east coast of North America in Baltimore, Maryland. And basically, we're looking at the European and American session. We're not
	564	+|563 |01:44:57,480 ~-~-> 01:45:07,350 |going to spend too much time actually really At any time at all really talking about Asia or the Pacific Australian session, because it's basically the quiet
	565	+|564 |01:45:07,350 ~-~-> 01:45:16,650 |portion of the daily range. And really when markets are accumulating new orders, okay, and we'll talk more about that later on in other episodes. But for now,
	566	+|565 |01:45:16,950 ~-~-> 01:45:27,210 |understand this, I generally start hunting during the Frankfort open, which is 2am. And many, many times you'll hear me commonly call to a in the beginning of
	567	+|566 |01:45:27,240 ~-~-> 01:45:37,920 |the London session. And it's either because I'm rushing, trying to talk about something and really just inadvertently misquoting it, but this understand this
	568	+|567 |01:45:38,040 ~-~-> 01:45:46,680 |when I get up in the middle of night to start trading in my timezone. Okay, two o'clock in the morning, I'm in there hunting, okay, but I'm hunting essentially
	569	+|568 |01:45:46,680 ~-~-> 01:45:55,890 |the move that sets the higher the low of the day. And I want to trade in directional bias for that daily range going into London close and or 1800 GMT.
	570	+|569 |01:45:56,100 ~-~-> 01:45:56,520 |Okay.
	571	+|570 |01:45:57,810 ~-~-> 01:46:11,010 |The London kill zone, I use 5am as mine close of shop. In other words, if I haven't established a position by 5am my time, okay, I basically take a nap and
	572	+|571 |01:46:11,010 ~-~-> 01:46:18,450 |come back right before seven o'clock in the morning. Okay, generally at 630 in the morning, I'm peeking at the charts and seeing what's going on. Now, for the
	573	+|572 |01:46:18,450 ~-~-> 01:46:26,700 |American session here you see 8am. And that's commonly what's been disclosed with many other trading teachers, okay, but if you look at your charts, guys,
	574	+|573 |01:46:27,120 ~-~-> 01:46:37,290 |many times the moves are starting about 7am between 7am to 7:30am. Okay, and now you understand why because the open outcry pit starts at 7:20am New York time.
	575	+|574 |01:46:37,650 ~-~-> 01:46:46,710 |So there's a reason why there's something that you generates a signal there or a swing high or swing low. This can be incorporated on that daily range, to trade
	576	+|575 |01:46:46,740 ~-~-> 01:46:59,010 |intraday setups, whether it be scalping or day trades. And I usually close up shop anywhere between 1500 to 1600 GMT, generally 80% of the time, and then when
	577	+|576 |01:46:59,010 ~-~-> 01:47:08,940 |it's really, really taken off and blown out all objectives I had for the day. I'll leave a very small portion of the trade on for 1800 GMT, but very rarely
	578	+|577 |01:47:08,940 ~-~-> 01:47:18,600 |does it ever happen. Many most of the time 80% of the time, I'm out of the market by 1600 GMT So between 15 116 100 GMT, that's usually the close of the
	579	+|578 |01:47:18,600 ~-~-> 01:47:28,410 |day for me it's we're not usually you'll see the higher low form for the day. Okay, folks, we're looking at the Euro USD is a five minute chart. And what I
	580	+|579 |01:47:28,410 ~-~-> 01:47:38,460 |have delineated on this chart here, we have these red dashed lines, okay, and green dashed lines. Okay, now if I keep my mouse right on top of it, it's going
	581	+|580 |01:47:38,460 ~-~-> 01:47:55,470 |to show the ICT Asian range. And what I've done was simply pull up the indicator, and I edited the beginning and end of specific windows of time. This
	582	+|581 |01:47:55,470 ~-~-> 01:48:10,110 |is the London open kill zone that I trade with. begins stalking setups for the European session at six GMT. And as late as 10 GMT. And for the New York open, I
	583	+|582 |01:48:10,110 ~-~-> 01:48:21,090 |made it real easy. And something that's generic you guys can use over and over and over again. 12 to 15 GMT, okay. 12 to 15 GMT, to get all the subtle nuances
	584	+|583 |01:48:21,090 ~-~-> 01:48:31,770 |that make me use 30 minute dividers and such I'm just giving you a block of time 12 to 15 GMT. And that'll give you everything you would need for the New York
	585	+|584 |01:48:31,770 ~-~-> 01:48:41,730 |open session. Now, when you have this on your chart, okay, I'm sure you're probably asking yourself, you know, what's great, can I have that indicator to
	586	+|585 |01:48:42,450 ~-~-> 01:48:55,890 |I'm going to supply it, I'm going to add it to a file server and if FX gears comm could could allow me to host it on the thread I'm doing there. That's
	587	+|586 |01:48:55,890 ~-~-> 01:49:04,530 |wonderful. If not, I'll get with jack and see if he could hook you guys up to you guys can download it and a couple other indicators that we're going to be
	588	+|587 |01:49:04,530 ~-~-> 01:49:16,080 |employing in this video series. Now, what I want to draw your attention to is that I want you to see the highs and lows that form during these particular
	589	+|588 |01:49:16,110 ~-~-> 01:49:27,270 |sessions. This is the new york open session and the London open session. The higher the day form during the London open and the low was essentially almost
	590	+|589 |01:49:27,300 ~-~-> 01:49:43,470 |formed during the New York session going into that 60 1600 hour the next day. Okay, we have a nice tradable rally up into this area of time it was just
	591	+|590 |01:49:43,500 ~-~-> 01:49:53,070 |outside of it by two, two bars here or an hour 10 minutes and then sold off. We have a nice opportunity to get in sync with the daily trend here with a high
	592	+|591 |01:49:53,070 ~-~-> 01:50:06,330 |forming in New York open and making a move lower. We have the low forming in London. And then another tradable low off of the direction formed from the
	593	+|592 |01:50:06,360 ~-~-> 01:50:22,260 |London open. Here is the New York open trade. And this happened to be one that I took part in, in a live trade. So this is the scenario, I'll go over this
	594	+|593 |01:50:22,260 ~-~-> 01:50:40,830 |because I've been doing video reviews and a couple weeks just give you this as the highlight. Okay, the price made all these multiple steps lower, and showed
	595	+|594 |01:50:40,830 ~-~-> 01:50:54,660 |an unwillingness to go lower, consolidated, found the low in London open, trade it up and retraced into the New York session going into optimal trade entry, and
	596	+|595 |01:50:54,660 ~-~-> 01:50:55,350 |a sweet spot
	597	+|596 |01:50:56,910 ~-~-> 01:51:02,340 |and rallied on up now. If
	598	+|597 |01:51:08,580 ~-~-> 01:51:13,140 |you use your Fibonacci tools,
	599	+|598 |01:51:25,050 ~-~-> 01:51:36,450 |here's your 162 extension, nailing it for the high. And we'll talk more about targeting and an exit prices and all that stuff when we get into later portions
	600	+|599 |01:51:36,450 ~-~-> 01:51:47,460 |of the series. But you can see how the London and New York open kill zones here gave you very nice opportunities for setup. Here we have another scenario where
	601	+|600 |01:51:48,360 ~-~-> 01:52:01,140 |using the previous day's low, okay, and all we're doing here is highlighting the importance or the influence that the New York and London kill zones provide for
	602	+|601 |01:52:01,440 ~-~-> 01:52:15,810 |setting up opportunities to trade this area here, okay, during the London open, we retraced inside of this range here. And then where we had this consolidation,
	603	+|602 |01:52:16,050 ~-~-> 01:52:27,180 |and the market moved out of it, this this placement can only happen when there is a large entity behind the move against retail traders will not cause this.
	604	+|603 |01:52:27,330 ~-~-> 01:52:35,640 |Okay. And then price retraces back into it. And then once it do, it rallies up again. And where's it rally to, to take out old highs in here that were too
	605	+|604 |01:52:35,640 ~-~-> 01:52:46,080 |clean, guys way too clean, and price stabbed up in there and gave an opportunity to take profits if you're a short term scalper on the long side. But the bias
	606	+|605 |01:52:46,080 ~-~-> 01:52:58,740 |was lower. Okay, and we talked about earlier. You know how it's important to focus on these higher timeframe. Key reaction levels. And that was the reason
	607	+|606 |01:52:58,740 ~-~-> 01:53:15,300 |why we saw this really explosive move lower the high form during the New York open session and the low actually formed in the New York session as well. The
	608	+|607 |01:53:15,300 ~-~-> 01:53:30,480 |following day, we had a short term, high fondant here, but a tradable low formed off the fiber in the New York session, making the high here and then closing the
	609	+|608 |01:53:30,480 ~-~-> 01:53:44,130 |week out. As we see. The kill zones are where you bracket in terms of time. Now, by itself doesn't do anything for you, you have to have an understanding of
	610	+|609 |01:53:44,370 ~-~-> 01:53:57,300 |support resistance and key music reaction levels and directional premise to frame your trade on. But inside these little pockets, okay. And really it looks
	611	+|610 |01:53:57,300 ~-~-> 01:54:11,280 |like this if it's hard for you to see. It's this whole window right here of time. Inside this block of time is where the scenario of a trade should form.
	612	+|611 |01:54:11,700 ~-~-> 01:54:24,930 |Okay. And the same thing goes for the London open inside this area or small little pocket of time and price. That's what the scenario is going to unfold for
	613	+|612 |01:54:24,930 ~-~-> 01:54:35,880 |you to take a trade, okay, so it allows you to really hone in like a scope on a rifle like a sniper. Does zero in on where you should be sitting down in front
	614	+|613 |01:54:35,880 ~-~-> 01:54:43,800 |of your computer. Okay, if you're a London open, or London trader, this is where you do your business. Okay, if you are London trader and don't trade on in New
	615	+|614 |01:54:43,800 ~-~-> 01:54:52,230 |York session, you're cheating yourself because there's a lot of times the setups that you may have missed being incorrect or just missed altogether, will give
	616	+|615 |01:54:52,230 ~-~-> 01:55:01,530 |you a opportunity to get in sync with that move. darned in New York session. My My best advice as a mentor would be to really try Learn that New York session.
	617	+|616 |01:55:02,310 ~-~-> 01:55:12,750 |It's very comfortable traded as an as a North American trader, unless you're on the west coast, and if you're out there on the west coast, you know, that's
	618	+|617 |01:55:12,750 ~-~-> 01:55:22,800 |something you're gonna have to suck up. Because there's nothing more about that I can say that you guys got generally very favorable weather. So if this is the
	619	+|618 |01:55:22,830 ~-~-> 01:55:31,410 |thing, you got to trade in for it, then haha. So anyway, the New York session, obviously, to me, I think is the easiest one to learn, it's the most forgiving
	620	+|619 |01:55:31,410 ~-~-> 01:55:39,990 |because it gives you the London session behind you, as a, you know, a catalyst just a frame your trade off of. So if you have a higher time frame support and
	621	+|620 |01:55:39,990 ~-~-> 01:55:48,660 |resistance level noted a directional premise in mind. And then you have the London session key new in that same direction, man, you have a loaded deal. As
	622	+|621 |01:55:48,660 ~-~-> 01:56:14,010 |you have here in this example, on the fourth of September, the stick all this stuff off actually, if you have any doubts that there is some significance
	623	+|622 |01:56:14,010 ~-~-> 01:56:23,490 |behind these particular windows of time, it's going to be your homework to actually go through the next week,
	624	+|623 |01:56:23,940 ~-~-> 01:56:40,920 |okay, and have those time windows bracketed out. Again, for the New York session, it's going to be 12 GMT to 1500 GMT, and six GMT to 10 GMT for the
	625	+|624 |01:56:40,950 ~-~-> 01:56:47,700 |London open kill zone. And for those who have been following me for a while, if you've noticed, there's a slight difference in those windows, I just did it for
	626	+|625 |01:56:47,700 ~-~-> 01:56:55,290 |this teaching series. Because there's a lot of members of FX gears, it's not familiar with my stuff. And I'm not going to be populating their website with
	627	+|626 |01:56:55,290 ~-~-> 01:57:04,890 |all of my videos, so I just more or less made it user friendly, so that we guys can have generic time windows to to work with and there'll be very friendly to
	628	+|627 |01:57:04,890 ~-~-> 01:57:14,790 |you, there's nothing going to be missed outside of those windows of time. But if you do this for a week, okay, my advice is to see what happens during these
	629	+|628 |01:57:14,790 ~-~-> 01:57:28,320 |windows of time. Okay. And when there is high level, higher timeframe, reaction level around the same pockets of opportunity in terms of time kill zones, and
	630	+|629 |01:57:28,320 ~-~-> 01:57:35,550 |then you'll see a confluence of events unfolding, that if you miss it, we'll find out more about it in the fourth installment because we're going to go over
	631	+|630 |01:57:35,550 ~-~-> 01:57:45,960 |the examples. But really, I want you to see what you think may happen based on everything we've covered so far. It's not a test, okay? It's just a learning
	632	+|631 |01:57:45,990 ~-~-> 01:57:49,770 |opportunity for you to familiarize yourself with price action.
	633	+|632 |01:57:58,050 ~-~-> 01:58:15,090 |Okay, we are looking at the ICT market maker by model. Okay, this very crude depiction of how markets move on a fractal basis. Okay. Generally, what you'll
	634	+|633 |01:58:15,090 ~-~-> 01:58:30,330 |see is the market will open inside of a consolidation trading range, and not open but don't enter a trading range environment. Now, this by model is really
	635	+|634 |01:58:30,330 ~-~-> 01:58:42,750 |universal, it could be applied to any timeframe, but we're going to be basically looking at it one day for our one hour 15 and five minute basis, okay. And
	636	+|635 |01:58:43,980 ~-~-> 01:58:52,290 |what'll happen is, is the market will move out of that consolidation, trade out of it, and then come back and many times retest that first consolidation. Okay,
	637	+|636 |01:58:52,290 ~-~-> 01:59:05,070 |so if you miss the accumulation portion of the first wave down, you can get back in sync with it by waiting for this retracement up. Okay. And this just swings
	638	+|637 |01:59:05,070 ~-~-> 01:59:15,450 |aren't generally in this example, aren't really uniform. In other words, this could come up a little bit higher into the range from this high here to this low
	639	+|638 |01:59:15,450 ~-~-> 01:59:25,530 |and give you some kind of a 62 to 79 seven tradesmen level not necessary. But there's other factors that you could hunt in here to set up a scenario to sell
	640	+|639 |01:59:25,680 ~-~-> 01:59:38,610 |short, if you want to participate in the first leg going lower. Once price comes down into a resistance level or support level, an inversion level where maybe
	641	+|640 |01:59:39,240 ~-~-> 01:59:48,570 |this level was possibly in old level resistance and my market broke through came back down down to testing support. Basically, when price comes down to a clear
	642	+|641 |01:59:48,570 ~-~-> 01:59:58,710 |level of support rather, we could expect the market to turn around now it doesn't mean we just go in here start buying it up. You can but I don't
	643	+|642 |01:59:58,740 ~-~-> 02:00:08,640 |generally teach That as a means of doing it. After some years of training and trading real time, once you get some experience under your belt, you may be able
	644	+|643 |02:00:08,640 ~-~-> 02:00:17,610 |to take trades like that. But that's not what I'm illustrating in these videos, I want you to wait for some confirmation. Confirmation comes in the form of a
	645	+|644 |02:00:17,610 ~-~-> 02:00:25,530 |break in market structure. And it moves higher and many times comes back and gives you an opportunity to retest that first consolidation in here, after the
	646	+|645 |02:00:25,530 ~-~-> 02:00:35,250 |climax reversal pattern forms at support. Rice will come up and rally out of that, again, move into another consolidation. Okay, and we could be working off
	647	+|646 |02:00:35,250 ~-~-> 02:00:43,920 |of the levels that was formed over here. Okay, so whatever timeframe this pattern forms in, okay, you're gonna be utilizing, again, same premise of key
	648	+|647 |02:00:43,920 ~-~-> 02:00:53,760 |support resistance. This will be another continuation pattern off of what would be expected as a climax reversal by setup down here, off of a higher level
	649	+|648 |02:00:53,820 ~-~-> 02:01:05,970 |timeframe key support. When the secondary buy scenario happens here, or it just makes one, okay, there's that's why these two boxes are blue. Generally, it can
	650	+|649 |02:01:05,970 ~-~-> 02:01:17,010 |be one or two small little pauses or consolidations. And then there's a explosive move up to take out the highs above the first consolidation. Okay, and
	651	+|650 |02:01:17,040 ~-~-> 02:01:26,850 |the premise is this, the market makers start building up orders in here, okay, and they hold price within a clearly defined range. There's not enough buyers
	652	+|651 |02:01:26,850 ~-~-> 02:01:33,990 |that keep it higher, and there's not enough sellers to take it lower. So what'll happen is, is that market makers keep it in a tight rein to accumulate
	653	+|652 |02:01:33,990 ~-~-> 02:01:39,780 |positions. Okay? Now, what they want is to hold the market in a holding pattern
	654	+|653 |02:01:41,100 ~-~-> 02:01:51,930 |to establish a premise for them to take the market the other way. Same thing can be seen here, just in the reverse on a market maker sell model, we have a
	655	+|654 |02:01:51,930 ~-~-> 02:02:02,910 |consolidation and move comes out of the consolidation, and the highs of that consolidation are usually retested. Now, again, that doesn't always have to
	656	+|655 |02:02:02,910 ~-~-> 02:02:10,860 |happen like that, but we expect it to happen. If it doesn't come back down at least many times, it'll give you some kind of small little pause in here, or
	657	+|656 |02:02:10,860 ~-~-> 02:02:18,930 |maybe a bull flag formation type thing. And then it will rally up into a clearly defined resistance level. inside of that resistance level, there will be a
	658	+|657 |02:02:18,930 ~-~-> 02:02:29,520 |climax reversal pattern. Okay? Many times you'll see, okay, here's a little notepad moment for you, if you want to see when indicators work, like they do in
	659	+|658 |02:02:29,520 ~-~-> 02:02:38,100 |the textbooks, okay, if you see this pattern here, unfolding like this, and trades up into a resistance level, many times you're going to see your standard
	660	+|659 |02:02:38,130 ~-~-> 02:02:49,590 |divergence of the MACD, your stochastics, your RSI, your CCI, you know, spaghetti, whatever it is you use, for your indicators, if it causes a
	661	+|660 |02:02:49,590 ~-~-> 02:02:59,400 |divergence for a buy or sell signal, you're gonna see it form here. Okay, and because think about if this if these indicators, didn't call major moves,
	662	+|661 |02:02:59,580 ~-~-> 02:03:05,850 |whenever we're paying attention to them, and the only reason why we pay attention to them, is because they work on the left side of the chart, we can
	663	+|662 |02:03:05,850 ~-~-> 02:03:16,770 |see it, it did it the last time, right. So it's going to do it again. But nobody understands the reasons behind why diverged, okay, and it's based on the higher
	664	+|663 |02:03:16,770 ~-~-> 02:03:25,650 |timeframe resistance level, and the fact that the dealers, market makers have taken price up there in a stab that price level over and over and over again, to
	665	+|664 |02:03:25,650 ~-~-> 02:03:35,670 |distribute the orders that were accumulated here. Okay, so they're buying it all up in here. Okay, they're distributing a little bit here. They're distributing a
	666	+|665 |02:03:35,670 ~-~-> 02:03:43,650 |whole lot of it here to dumping it. Okay. And then when the market pulls back, a lot of traders viewed this area as another continuation pattern, much in the
	667	+|666 |02:03:43,650 ~-~-> 02:03:50,700 |same way it does here. Okay, well, maybe this is a bull flag, okay. And what they'll do is they'll buy it with the expectation is going to continue moving on
	668	+|667 |02:03:50,700 ~-~-> 02:03:58,920 |higher, what will happen is, they'll have buy orders, you know, in the small little areas of dealing ranges that we're going to discuss later on. And what'll
	669	+|668 |02:03:58,920 ~-~-> 02:04:08,040 |happen is they'll pair orders up and stack up all kinds of shorting opportunities, and they'll distribute the market very heavily. And what'll
	670	+|669 |02:04:08,040 ~-~-> 02:04:17,760 |happen is, is once they get a block of trades on the other side of their position, essentially, they will do a real quick repricing. And they'll trap
	671	+|670 |02:04:17,760 ~-~-> 02:04:24,540 |traders. And what'll happen is, is that you've, you've done this before, you know exactly what I'm talking about. Even those guys in demos. You put a trade
	672	+|671 |02:04:24,540 ~-~-> 02:04:31,950 |on, okay, maybe you bought it up in here, something like that. Okay. And the market drops down hard, okay. And you're thinking, Okay, well, maybe it's just
	673	+|672 |02:04:32,130 ~-~-> 02:04:40,290 |gonna come down here and retest some some resistance, turn support, and then resume. Okay, then you start seeing this little pop up here and you get excited
	674	+|673 |02:04:40,290 ~-~-> 02:04:48,450 |that Okay, I'm going to go back to breakeven, but the dealers know that, okay, the market makers already had these folks trapped, and if you went on there and
	675	+|674 |02:04:48,450 ~-~-> 02:04:55,590 |you bought your trap just like they are, they don't want to give you an opportunity to get out of that trade. Okay? They're going to keep you on a
	676	+|675 |02:04:55,590 ~-~-> 02:05:05,700 |negative float. Okay? You're going to be below the dealers. Okay, and maybe even pips, you know, and negative beyond that. Okay. And what happened is they'll do
	677	+|676 |02:05:05,700 ~-~-> 02:05:11,850 |another repricing and now here's what you're gonna do because Okay, we're, we're just retesting this whole area in here again, and we're gonna find some support,
	678	+|677 |02:05:11,880 ~-~-> 02:05:20,310 |but it blows through it. Okay? The dealers will go into another consolidation thinking, Okay, well, I know what this is, this is one of those retracements,
	679	+|678 |02:05:20,310 ~-~-> 02:05:29,790 |where from the low up to this high, we got one of those ICT optimal trade entries. Nope. Now here, what will happen is they'll do one more time, they'll
	680	+|679 |02:05:29,790 ~-~-> 02:05:36,240 |run it and got lower, and they'll take out the stops that are placed when the folks that were right that bought this rally here, and just held on for too
	681	+|680 |02:05:36,240 ~-~-> 02:05:46,590 |long. Okay, so there is an accumulation distribution here or re cumulation for new Long's. Okay, and then when they get up here, they distribute all of this in
	682	+|681 |02:05:46,590 ~-~-> 02:05:53,970 |here, but they do it very quickly. That's why when you get up to these levels, prices stay up there very long. Why, because they're doing a massive
	683	+|682 |02:05:53,970 ~-~-> 02:06:01,920 |distribution. And you see the price really drop off fast. But when it drops off, it'll give you a little bit of consolidation. One more rally up, when it gets on
	684	+|683 |02:06:01,920 ~-~-> 02:06:11,010 |the other side of that, that zenith of this price move. When we get to this start rallying up, this is where you start selling, okay, and when you can
	685	+|684 |02:06:11,010 ~-~-> 02:06:17,100 |identify this pattern, it makes your trading a whole lot easier because you understand what they're doing and where they're taking price.
	686	+|685 |02:06:25,470 ~-~-> 02:06:34,320 |Okay, guys, we got some key levels here noted on our timeframe of a daily chart. And we're gonna give some examples of what is a market maker profile, I'm gonna
	687	+|686 |02:06:34,320 ~-~-> 02:06:44,100 |give you a by example, and some cell examples. And the way you utilize them is obviously you have a higher time frame support resistance level, but they can
	688	+|687 |02:06:44,100 ~-~-> 02:06:54,810 |occur on any time frame. But the more apt to occur on a daily four hour and or hourly timeframe. And then if you have a understanding of what their directional
	689	+|688 |02:06:54,810 ~-~-> 02:07:05,130 |premises want to lower timeframes, you can use them 115 15 minute 30 minute hourly charts and such. But for now, we're just gonna give you examples on
	690	+|689 |02:07:05,280 ~-~-> 02:07:17,400 |finding off of a daily timeframe. See, price trades down into this level here is an old support. And all we did was rounded to a 127 60 level, we just calibrated
	691	+|690 |02:07:17,400 ~-~-> 02:07:27,330 |the level to a round number. We're gonna look at this area here for buying market profile for market maker profile. And then we have one in here trading
	692	+|691 |02:07:27,330 ~-~-> 02:07:37,740 |into this resistance level. Okay, and then we're going to go and look at the sell scenario. We called no last video, and how it was a market maker sell
	693	+|692 |02:07:37,740 ~-~-> 02:07:53,040 |model. Okay, so we're going to do is we're going to look at this particular day, and the actual candle comes in at July 9 2013. And we're going to start with an
	694	+|693 |02:07:53,070 ~-~-> 02:08:01,350 |hourly perspective on it. Okay, and all I did was use this to highlight the time, okay, we have
	695	+|694 |02:08:07,830 ~-~-> 02:08:24,420 |Okay, marketing, consolidation. Okay, we have a consolidation, here, market breaks out of consolidation and retests that same consolidation here, trades
	696	+|695 |02:08:24,420 ~-~-> 02:08:36,660 |lower, okay. And it's a couple minor little retracements to get in sync with that move lower, making the actual low here, NEMA false swing lower, this is the
	697	+|696 |02:08:36,660 ~-~-> 02:08:53,610 |actual high. I'm sorry, the actual low point of the market maker sell model in here. Okay, and then price rallies through, takes out this high here, and very
	698	+|697 |02:08:53,610 ~-~-> 02:09:06,390 |little pausing it all here just explodes and where's the explode to above the consolidation in here? Okay. So, again, the same price model, here in this
	699	+|698 |02:09:06,390 ~-~-> 02:09:20,580 |fractal pattern is seen on a hourly basis. You can see ultimately, it comes back in and trades even further. If we go and look at the daily chart again. And
	700	+|699 |02:09:20,580 ~-~-> 02:09:36,450 |we're going to look at this example here for a cell. Okay, right in here, and I'm going to zoom in so you can see this candle right there. Okay, the levels of
	701	+|700 |02:09:36,480 ~-~-> 02:09:45,960 |keys for resistance on a higher timeframe would be noted in advance. So as price trades up into it, we would expect to see a market maker so model unfold. And
	702	+|701 |02:09:45,960 ~-~-> 02:09:47,370 |let's go down to a 15 minute.
	703	+|702 |02:09:53,460 ~-~-> 02:10:04,440 |Okay, you see that happening here and let's actually go down to a five minute see a little bit better. And stick this rectangle office is no longer needed.
	704	+|703 |02:10:05,280 ~-~-> 02:10:21,240 |Okay, we have the consolidation, move out the consolidation, and then retest. Now this part does not have to happen. Okay. But generally you'll see it happen.
	705	+|704 |02:10:21,600 ~-~-> 02:10:34,800 |And then there's a continuation moving up, mix the high, or the capitulation portion of the buy model. Now it turns to the sell side of it. Okay, so we are
	706	+|705 |02:10:34,800 ~-~-> 02:10:45,270 |now in a market maker sell model profile. And we would expect to see this consolidation ran out, as you see here, market moves down, consolidation on here
	707	+|706 |02:10:45,270 ~-~-> 02:10:56,040 |another break lower, where is it trade to below the consolidation, where accumulated positions were taken on. And you can see ultimately, that's the
	708	+|707 |02:10:56,160 ~-~-> 02:11:09,420 |price model right there. Okay, and let's go back out to a daily. Okay, we're gonna look at the 134 30 level, okay, see this high here, the lows in here and
	709	+|708 |02:11:09,420 ~-~-> 02:11:22,590 |the bodies that have candles as well. So we have 134 30, small round number, it's just above this high as well. And we're going to zoom in and look at this
	710	+|709 |02:11:22,590 ~-~-> 02:11:31,620 |profile. Right here. And as price moves up into these levels, we would reasonably expect to see a market maker sell model, we're going to into an
	711	+|710 |02:11:31,860 ~-~-> 02:11:32,970 |hourly timeframe.
	712	+|711 |02:11:38,640 ~-~-> 02:11:51,420 |And we're going to zoom out. Okay, we can see the consolidation, let's take these vertical lines off cleaned up a little bit. You can see the consolidation
	713	+|712 |02:11:51,420 ~-~-> 02:12:11,190 |in here. consolidated, moved out came back, retested, the consolidation moves on up, false rally higher, breaks down, rallies on again on the other side. And
	714	+|713 |02:12:11,190 ~-~-> 02:12:18,540 |again, this is the sell model. So again, this is the sell model. So you're gonna see,
	715	+|714 |02:12:26,340 ~-~-> 02:12:36,750 |price run out this consolidation on the line, you can see that happened there. Okay, so that's the market maker, sell model. And again, we call this market
	716	+|715 |02:12:36,750 ~-~-> 02:12:45,750 |lower here, before the actual move ensued, given some further credibility to the analysis concepts, and it's not always hindsight here picking.
	717	+|716 |02:12:51,630 ~-~-> 02:13:05,580 |Alright, let's talk about market orders. And how dealers work within the marketplace and how they perceive traders, psychology, and how you can pretty
	718	+|717 |02:13:05,580 ~-~-> 02:13:14,070 |much get close to what they're doing without even seeing the order books. Alright, we're looking at a conceptual idea of what market prices right now. And
	719	+|718 |02:13:14,070 ~-~-> 02:13:25,140 |we're not going to have a chart where it's going to conceptually talk about the generic principles associated with how reading the market. Alright, let's assume
	720	+|719 |02:13:25,140 ~-~-> 02:13:33,000 |for a moment, the market price moves up to what would be considered a key level, okay, or could be moving down to a key level doesn't matter. But we're saying
	721	+|720 |02:13:33,000 ~-~-> 02:13:43,650 |for the moment right now, we are trading at a highly sensitive price point that reacted. Most recently, or maybe a couple weeks ago, there was a significant
	722	+|721 |02:13:43,650 ~-~-> 02:13:52,590 |reaction, that same price level. So now market moves, whether it be up or down, we now have a market price that's equal to or very close to that key level. The
	723	+|722 |02:13:52,590 ~-~-> 02:14:01,830 |question comes to mind is where do we go from here? Do we move higher? Or do we move lower? When you're watching price, what you're going to be looking for are
	724	+|723 |02:14:01,830 ~-~-> 02:14:14,910 |clues. Okay, there's going to be a fingerprint, if you will, of what may be unfolding. And generally what happens is above the market price, okay, there are
	725	+|724 |02:14:14,940 ~-~-> 02:14:24,630 |protective buy stops on those that have maybe put on net short positions. And many times, simply above that just a little bit more, there's going to be
	726	+|725 |02:14:24,630 ~-~-> 02:14:32,910 |pending sell limit orders for those that have been possibly being long. Okay. nonwords. We have net long traders in the market. And we have net short traders
	727	+|726 |02:14:32,910 ~-~-> 02:14:43,470 |in the market. The net trader, on the short side, want to protect our position, so they're going to have their protective buy stops somewhere above the market
	728	+|727 |02:14:43,470 ~-~-> 02:14:54,960 |price. And again, the premises is this market price is now trading at a key level. Okay? And because traders always have a different view, if even if the
	729	+|728 |02:14:54,960 ~-~-> 02:15:08,730 |marketplace is a implied support level folks may be really looking to sell short. Okay, and we're gonna talk about that in a moment. But for those that
	730	+|729 |02:15:08,730 ~-~-> 02:15:19,110 |have saw this level as a potential support zone, and they want to be expecting some kind of a bounce up, they would have pending sell limit orders to exit some
	731	+|730 |02:15:19,110 ~-~-> 02:15:29,340 |of their position and or all of it dip for a profit. And then obviously, folks that expect to see it go up only if it proves a little bit more that it's going
	732	+|731 |02:15:29,340 ~-~-> 02:15:39,120 |to move upwards, they'll have a new long buy, stop. Okay, so in other words, we have three types of orders that exists generally above current market price,
	733	+|732 |02:15:39,300 ~-~-> 02:15:50,550 |that being pending selling orders for those that are net long, protective buy stops on those that are net short, and new potential buy stops for those that
	734	+|733 |02:15:50,550 ~-~-> 02:16:02,940 |want to enter on buying strength. On the converse side, obviously, you have for those that are buying this, this particular price level, you have protective
	735	+|734 |02:16:02,940 ~-~-> 02:16:13,920 |cell stops protecting what they believe there's a potential buyer scenario unfolding, then you have cell stops that are resting below the market price for
	736	+|735 |02:16:14,190 ~-~-> 02:16:26,040 |new short selling sellers, they want to sell one weakness. And below that, usually you'll have pending limit orders to be you tripped for covering short
	737	+|736 |02:16:26,040 ~-~-> 02:16:38,040 |positions, okay. In other words, they're using that type of order to exit on a profit target objective for short positions. The question is, where are we most
	738	+|737 |02:16:38,040 ~-~-> 02:16:48,480 |likely building up orders, okay. And it's very tricky in the beginning, because you have to spend some time looking at charts. Okay, this is going to come with
	739	+|738 |02:16:48,480 ~-~-> 02:16:57,420 |time. And when you hear me talk about and a lot of times that you'll hear me in my market review videos, or sometimes in my teaching videos, many times I'll
	740	+|739 |02:16:58,080 ~-~-> 02:17:06,570 |talk out loud, okay, my thought process isn't always meant for you to
	741	+|740 |02:17:07,890 ~-~-> 02:17:19,680 |be taught what I'm always speaking, okay. In other words, I may be thinking out loud about a phenomenon that may be unfolding at a particular level, okay. And
	742	+|741 |02:17:19,680 ~-~-> 02:17:28,140 |I'm not really meaning to teach that to you, because it's something that you're going to have to drill overtop of charts to learn on your own, okay. And this is
	743	+|742 |02:17:28,140 ~-~-> 02:17:36,930 |the part of the experience factor that comes into play, and why patience is so important. Because if you don't have patience, you won't give yourself the time
	744	+|743 |02:17:36,930 ~-~-> 02:17:46,230 |to develop this neck, because that's exactly what this is, I don't have an order book, I don't have access to you know, what these orders are outside of what
	745	+|744 |02:17:46,230 ~-~-> 02:17:55,710 |everybody else has on a retail level, okay, I can make phone calls and ask where orders are stacking up. But it's only really limited to a certain portion of the
	746	+|745 |02:17:55,710 ~-~-> 02:18:07,710 |actual marketplace. So the psychology behind price action is very readable. Okay. And it's by using these simple six types of orders around market price.
	747	+|746 |02:18:08,430 ~-~-> 02:18:17,670 |Obviously, if prices moved up to a resistance level, okay, one would expect new sellers to come into place, and then there'd be protective buy stops
	748	+|747 |02:18:17,700 ~-~-> 02:18:24,120 |established. And those that have been net long, they want to be getting out of their position, and they're greedy, they want to be trying to get that extra
	749	+|748 |02:18:24,120 ~-~-> 02:18:32,610 |little bit of drops of lemon juice out of that lemon, they want to squeeze it for all it's worth, it's a lot to try to put their limiters on the far side of
	750	+|749 |02:18:33,000 ~-~-> 02:18:41,850 |the particular resistance level, okay, because it's greed, this market, like anything else is a breeding ground for greed. And obviously, those that have
	751	+|750 |02:18:41,850 ~-~-> 02:18:47,550 |been, you know, just introduced to the marketplace, they've been seeing the market go up for nine days straight. So therefore, if it goes up a little bit
	752	+|751 |02:18:47,550 ~-~-> 02:18:53,910 |higher, that's when they want to buy. And that's generally what happens is they buy the high the market, okay, and I've been there, I know what it's all about,
	753	+|752 |02:18:53,910 ~-~-> 02:19:05,220 |and none of it feels like so. And you probably do too, if we had seen market price trade down to a key support level, okay, those that are entering in on
	754	+|753 |02:19:05,250 ~-~-> 02:19:13,590 |whatever we implied as a buy signal for them, they would immediately put protective sell stuff below the market price. And then obviously, for those that
	755	+|754 |02:19:13,590 ~-~-> 02:19:24,600 |have been net short, okay, they have their limit orders below market price trying to get out, you know, with their greedy expectations of kidding out near
	756	+|755 |02:19:24,630 ~-~-> 02:19:33,900 |a very handsome price level of profit from and again, the same guys that have been just introduced to the marketplace, you know, for the last 25 days in the
	757	+|756 |02:19:33,900 ~-~-> 02:19:40,680 |marketplaces have been saying lower prices. So therefore, if it goes down a little bit farther, then they'll sell short, and they'll have to sell stops down
	758	+|757 |02:19:40,680 ~-~-> 02:19:48,660 |there because they can't move around the trading desk because they're working at you know, whatever they're doing, you know, you're painting cars. So they want
	759	+|758 |02:19:48,660 ~-~-> 02:19:59,970 |to have their sell stuff below the marketplace and in many times you see them selling the low of the day. So let's talk about a little bit more detail of it.
	760	+|759 |02:20:00,000 ~-~-> 02:20:04,890 |How market makers pair orders and how orders stack.
	761	+|760 |02:20:06,540 ~-~-> 02:20:17,250 |Let's assume for a moment that there is a highly sensitive price level of support or resistance around that 132. Big figure. Now when we look at a big
	762	+|761 |02:20:17,250 ~-~-> 02:20:27,900 |figure, okay, and before I go any further, this could be a mid figure. Okay. And then obviously, the levels above it being respective in terms of what we have
	763	+|762 |02:20:27,900 ~-~-> 02:20:37,980 |here as an example. But keeping in true form of the institutional levels we like to follow, which are the big figures, the 20s, the 80s, the small round numbers,
	764	+|763 |02:20:38,190 ~-~-> 02:20:50,880 |okay, in the mid 50 levels, okay, if price trades up to 132. Don't expect 132 to always simply hold price back. Many times, you'll see price trade up to that
	765	+|764 |02:20:50,880 ~-~-> 02:21:00,960 |level. And there'll be orders around the 10 level and around the 20 level, many times you'll see price, even if it's going to go lower longer term, many times
	766	+|765 |02:21:00,960 ~-~-> 02:21:14,220 |they'll sweep price up through the 10s and 20s. And the reason why is because folks like to put their orders at odd numbers and such, okay, but really, the
	767	+|766 |02:21:14,220 ~-~-> 02:21:23,970 |institutional level traders, they work around raw small round numbers, okay, the 10s, the 20s, they'll they'll use those levels because it allows them to clean
	768	+|767 |02:21:23,970 ~-~-> 02:21:37,200 |through particular price levels. And maybe you've encountered slippage. Okay, now, you really wanted to get out at 130 205. But maybe they felt good at 132 10
	769	+|768 |02:21:37,920 ~-~-> 02:21:47,550 |that slippage, why did they fill you at 132 10? Because that's where their order was for them to execute. So they're going to fill you they're not where you
	770	+|769 |02:21:47,550 ~-~-> 02:21:57,240 |really want to get out it. Okay. It doesn't happen all the time. No. But obviously, we as retail traders are at the mercy if you will, of what the
	771	+|770 |02:21:57,240 ~-~-> 02:22:06,780 |dealers are going to give us as an order, okay, maybe you had a trade executed and you exit it or entered. And then you have a re quote later on. Okay, maybe
	772	+|771 |02:22:06,780 ~-~-> 02:22:19,620 |you got in a short position at 132 even, okay, and then later on, found out that they quoted you 131 95 or 131 90. Okay, that's pretty extreme in terms of
	773	+|772 |02:22:19,620 ~-~-> 02:22:30,000 |slippage. But if it's economic report, things like that can happen. As a matter of fact, you know, I just recently traded an economic report, and I had seven
	774	+|773 |02:22:30,000 ~-~-> 02:22:40,530 |pips slippage from where I was trying to get in, and we're actually got filled. So that's the inherent nature of trading in fast, illiquid markets, and they're
	775	+|774 |02:22:40,530 ~-~-> 02:22:46,770 |gonna fill you where they want to get filled. Okay, so you're gonna be taking the other side of your trade to understand that, if you're dealing through
	776	+|775 |02:22:47,670 ~-~-> 02:22:57,240 |market maker or an order desk, that's the type of feeling you're going to get with your orders. Okay, but if you think in terms of the big picture of how
	777	+|776 |02:22:57,240 ~-~-> 02:23:08,160 |these market makers and large bank dealer traders work, they're going to work around these round numbers and always expect them to try to sweep to the next
	778	+|777 |02:23:08,160 ~-~-> 02:23:16,650 |small little round number because that's generally where they'll take price and it'll clean out all the guys that want to use a stop loss, okay, this maybe sell
	779	+|778 |02:23:16,650 ~-~-> 02:23:26,160 |short at 132 even want to limit and maybe they saw price dropped down to 131 90. And they're salivating because they think it's going to go to 130. Okay, so they
	780	+|779 |02:23:26,160 ~-~-> 02:23:36,300 |put your stop loss at 130 203. Okay, well, the dealers know that they're going to take price up and just for good measure, gonna run up to the 132 10 level,
	781	+|780 |02:23:36,630 ~-~-> 02:23:45,000 |and then a clear down nice block of trades that would have had pending orders resting above it, like we just discussed in a previous slide, and allow them to
	782	+|781 |02:23:45,450 ~-~-> 02:23:59,490 |promote liquidity, not only for themselves, but other orders they have to do transactions for Alright, let's take a look at an environment where the 132
	783	+|782 |02:23:59,490 ~-~-> 02:24:11,100 |perhaps is a clearly discernible resistance level. Okay, and we're going to assume that market price is down here below that particular price level. And
	784	+|783 |02:24:11,130 ~-~-> 02:24:20,520 |generally, you'll see this type of action, okay, they'll take it up to the 80 level. Okay, and first or retrace, pull off very sharply. Okay. And everybody
	785	+|784 |02:24:20,520 ~-~-> 02:24:29,880 |understands if you've been looking at the markets in any capacity, that the 80s the 20s in the 50s and four figures are very sensitive psychological numbers,
	786	+|785 |02:24:29,970 ~-~-> 02:24:38,310 |okay. And if the dealers can bounce price off there, they'll trap a lot of traders thinking okay, that was the high the market then what happens is they'll
	787	+|786 |02:24:38,310 ~-~-> 02:24:49,380 |reprice okay and get folks that maybe didn't believe that was the high and they think it's still gonna go to 132. They'll more or less, buy that market up.
	788	+|787 |02:24:49,410 ~-~-> 02:24:57,540 |Okay. But then what I'll do is I'll take the market below the most recent swing low and stop those traders out. So now, the folks that think on the short term
	789	+|788 |02:24:57,540 ~-~-> 02:25:03,810 |that the price is going to go to 132 are now scared They don't want to get in the market now. So they took those individuals out.
	790	+|789 |02:25:05,100 ~-~-> 02:25:14,910 |If they were taken out when that recent move down below the recent swing low here, okay, what is below there? They're gonna put up what protective sell,
	791	+|790 |02:25:15,420 ~-~-> 02:25:24,690 |okay? If the dealers take price down below that, that sell stock becomes a market order do what the sell to market who's going to buy it from the dealers,
	792	+|791 |02:25:25,020 ~-~-> 02:25:33,990 |the dealers will buy up that pocket of liquidity. Okay. And then they'll reprice and they'll take it up to that 132 figure clearing out the stops, that would
	793	+|792 |02:25:33,990 ~-~-> 02:25:45,630 |have been resting at the 131 90 for those that went short here. So now, is there anyone short? No? Okay. So where did they? Where does the dealers exit their
	794	+|793 |02:25:45,630 ~-~-> 02:25:56,160 |position that they accumulated here at the 131 90, or there abouts, because that's about rare, though. Stop Loss on short, the short sellers here would have
	795	+|794 |02:25:56,160 ~-~-> 02:26:06,390 |their orders resting, so they clear out the pending orders and take it all the way up to the 132 figure. The next repricing comes in the sell off, folks. Okay,
	796	+|795 |02:26:06,390 ~-~-> 02:26:14,250 |well, this is the top of the marketplace. So let's start selling. Okay, so they go short here. All of a sudden, you'll see the dealers take price back up again,
	797	+|796 |02:26:14,280 ~-~-> 02:26:22,710 |now clear out the 132. Why? Because the folks have been watching that 132 level, once it trades there one time and starts to trade off. They think that's it.
	798	+|797 |02:26:22,740 ~-~-> 02:26:32,370 |That's it. support resistance is perfect. It never, it never has any blurry lines. it's crystal clear, laser guided, okay, and price is always going to stop
	799	+|798 |02:26:32,370 ~-~-> 02:26:41,430 |right on that 00 level. It doesn't guys, you got to have some flexibility. And wait, wait for the shore sign that this thing's gonna turn around. So when they
	800	+|799 |02:26:41,430 ~-~-> 02:26:51,150 |clear all the way up to the 132 20 level, now, folks that were looking to sell, they're scared. They don't want to get in the market. Now. They don't know
	801	+|800 |02:26:51,150 ~-~-> 02:26:58,170 |what's going to happen. Why? Because they watch the guys get blown out here. They watch the gods get blown out here. And this creates that pattern three
	802	+|801 |02:26:58,170 ~-~-> 02:27:10,650 |drives higher, or three Indians as it is in the street smarts book. They'll do a massive repricing, they'll take out the swing low here. Why? Because there may
	803	+|802 |02:27:10,650 ~-~-> 02:27:20,340 |be traders that were net long in here and got smart and realized it was probably going to move higher. But they don't want those guys in the marketplace either.
	804	+|803 |02:27:20,460 ~-~-> 02:27:28,830 |Okay, so they're going to drive them individuals as well. did not take price back above that 132 figure or rate at it. Okay. And this is typically when the
	805	+|804 |02:27:28,830 ~-~-> 02:27:38,550 |market really makes its pattern of going short. Why? Because we have a breakdown in market structure. After we clear out the orders that stack around these key
	806	+|805 |02:27:38,550 ~-~-> 02:27:48,720 |levels. Then you'll see price do a mass dramatic repricing and take out all short term lows, and anybody that would be net long in that position, and now
	807	+|806 |02:27:48,720 ~-~-> 02:27:58,950 |they're trapped. The next portion is then they'll get you traders to think okay, this is it. You know, it was a sort of false resistance level. Maybe this was,
	808	+|807 |02:27:59,520 ~-~-> 02:28:06,690 |you know, one of those patterns where it looked like it was a topic it really wasn't guys. So let's get on board and they'll do a real quick repricing up.
	809	+|808 |02:28:07,080 ~-~-> 02:28:16,560 |This is where you get the nice optimal trade entry sell short patterns. Okay, and that's the one you want to be on. And then you see the sustained swings,
	810	+|809 |02:28:17,130 ~-~-> 02:28:27,810 |lower begin. Obviously, like most everything I have, you know, we're not going to go through that whole long winded depiction of how orders are stacked and how
	811	+|810 |02:28:28,110 ~-~-> 02:28:38,430 |dealers work within these key levels. But assuming that we have a support level and price started up here, much in the same capacity we saw on the selling side,
	812	+|811 |02:28:38,460 ~-~-> 02:28:42,810 |you can see that unfold on the bullish aspect of trading as well.
4	4
5		-2
6		-00:00:58,500 ~-~-> 00:01:02,550
7		-in this series CT scout sniper field
8		-
9		-3
10		-00:01:02,550 ~-~-> 00:01:04,980
11		-training guide. Okay, let's look at what
12		-
13		-4
14		-00:01:04,980 ~-~-> 00:01:05,850
15		-we're going to be covering in this
16		-
17		-5
18		-00:01:05,850 ~-~-> 00:01:08,100
19		-presentation. We're gonna be reviewing
20		-
21		-6
22		-00:01:08,100 ~-~-> 00:01:10,170
23		-the previous episodes assignment price
24		-
25		-7
26		-00:01:10,170 ~-~-> 00:01:12,570
27		-reactions. And we're going to be looking
28		-
29		-8
30		-00:01:12,570 ~-~-> 00:01:15,960
31		-at examples of pricing price reactions.
32		-
33		-9
34		-00:01:16,920 ~-~-> 00:01:18,960
35		-We're going to go over a brief overview
36		-
37		-10
38		-00:01:19,470 ~-~-> 00:01:22,800
39		-of smart money concepts. And we're gonna
40		-
41		-11
42		-00:01:22,800 ~-~-> 00:01:24,300
43		-be looking at interest rates,
44		-
45		-12
46		-00:01:24,480 ~-~-> 00:01:27,750
47		-timeframes, range trend, and power
48		-
49		-13
50		-00:01:27,750 ~-~-> 00:01:30,900
51		-three. Okay, we're gonna be revealing
52		-
53		-14
54		-00:01:30,900 ~-~-> 00:01:34,020
55		-the market maker. Okay, we're gonna be
56		-
57		-15
58		-00:01:34,020 ~-~-> 00:01:36,060
59		-looking at the ICT market maker by
60		-
61		-16
62		-00:01:36,060 ~-~-> 00:01:38,400
63		-model. And we're gonna be looking at how
64		-
65		-17
66		-00:01:38,400 ~-~-> 00:01:42,090
67		-dealers operate in support levels. And
68		-
69		-18
70		-00:01:42,090 ~-~-> 00:01:43,440
71		-we're gonna be looking at the ICT market
72		-
73		-19
74		-00:01:43,440 ~-~-> 00:01:47,070
75		-maker sell model and how dealers operate
76		-
77		-20
78		-00:01:47,100 ~-~-> 00:01:50,790
79		-in resistance levels. We're gonna be
80		-
81		-21
82		-00:01:50,790 ~-~-> 00:01:52,560
83		-looking at how market makers business
84		-
85		-22
86		-00:01:52,560 ~-~-> 00:01:57,060
87		-model works in application. We're gonna
88		-
89		-23
90		-00:01:57,060 ~-~-> 00:01:59,220
91		-be looking at understanding how market
92		-
93		-24
94		-00:01:59,220 ~-~-> 00:02:03,060
95		-maker pairs orders and how orders stack
96		-
97		-25
98		-00:02:03,060 ~-~-> 00:02:06,540
99		-around key levels. Okay, we're looking
100		-
101		-26
102		-00:02:06,540 ~-~-> 00:02:09,120
103		-at exposing the mechanics of a price
104		-
105		-27
106		-00:02:09,120 ~-~-> 00:02:11,910
107		-swing. And we're going to look at more
108		-
109		-28
110		-00:02:11,910 ~-~-> 00:02:15,330
111		-of the time and especially working
112		-
113		-29
114		-00:02:15,330 ~-~-> 00:02:18,570
115		-around the ICT kill zones. And we're
116		-
117		-30
118		-00:02:18,570 ~-~-> 00:02:20,580
119		-gonna be looking at the London kill
120		-
121		-31
122		-00:02:20,580 ~-~-> 00:02:23,370
123		-zone, specifically and the New York kill
124		-
125		-32
126		-00:02:23,370 ~-~-> 00:02:26,280
127		-zone. We're gonna be looking at how
128		-
129		-33
130		-00:02:26,280 ~-~-> 00:02:29,670
131		-prices are crucial to you. And as far as
132		-
133		-34
134		-00:02:29,670 ~-~-> 00:02:31,260
135		-knowing your key levels and how you're
136		-
137		-35
138		-00:02:31,320 ~-~-> 00:02:32,250
139		-setting up your
140		-
141		-36
142		-00:02:34,380 ~-~-> 00:02:35,640
143		-opportunities to trade.
144		-
145		-37
146		-00:02:37,260 ~-~-> 00:02:38,460
147		-And we're gonna be giving you a homework
148		-
149		-38
150		-00:02:38,460 ~-~-> 00:02:40,500
151		-assignment, stalking in the kill zone.
152		-
153		-39
154		-00:02:46,200 ~-~-> 00:02:47,940
155		-Okay, folks, we're looking at the Euro
156		-
157		-40
158		-00:02:47,940 ~-~-> 00:02:52,530
159		-USD, daily chart. And when we're looking
160		-
161		-41
162		-00:02:52,530 ~-~-> 00:02:55,260
163		-at reaction levels, okay, the ones I'm
164		-
165		-42
166		-00:02:55,260 ~-~-> 00:02:57,420
167		-most interested in are obviously found
168		-
169		-43
170		-00:02:57,420 ~-~-> 00:03:00,000
171		-in the higher time frames now. You can
172		-
173		-44
174		-00:03:00,000 ~-~-> 00:03:01,950
175		-can go back to a monthly you can go back
176		-
177		-45
178		-00:03:01,950 ~-~-> 00:03:03,210
179		-to a weekly chart and look for these
180		-
181		-46
182		-00:03:03,210 ~-~-> 00:03:05,670
183		-types of levels as well. But for the
184		-
185		-47
186		-00:03:05,670 ~-~-> 00:03:07,500
187		-sake of this teaching series, we're just
188		-
189		-48
190		-00:03:07,500 ~-~-> 00:03:10,260
191		-going to focus on the intermediate term
192		-
193		-49
194		-00:03:10,770 ~-~-> 00:03:12,780
195		-market. And that's going to be defined
196		-
197		-50
198		-00:03:12,780 ~-~-> 00:03:16,890
199		-that the daily and for our and by
200		-
201		-51
202		-00:03:16,890 ~-~-> 00:03:19,470
203		-hunting the reaction levels on this
204		-
205		-52
206		-00:03:19,470 ~-~-> 00:03:22,710
207		-higher timeframe daily chart and or the
208		-
209		-53
210		-00:03:22,710 ~-~-> 00:03:25,440
211		-four hour chart, it really puts the odds
212		-
213		-54
214		-00:03:25,440 ~-~-> 00:03:27,930
215		-in your favor based on the fact that the
216		-
217		-55
218		-00:03:27,930 ~-~-> 00:03:30,150
219		-institutional level traders that beats
220		-
221		-56
222		-00:03:30,150 ~-~-> 00:03:32,820
223		-the banks, the large funds and such they
224		-
225		-57
226		-00:03:32,820 ~-~-> 00:03:34,620
227		-are really watching these key levels
228		-
229		-58
230		-00:03:34,620 ~-~-> 00:03:38,280
231		-now. We discuss in the first two
232		-
233		-59
234		-00:03:38,490 ~-~-> 00:03:40,710
235		-episodes how we can look at support
236		-
237		-60
238		-00:03:40,710 ~-~-> 00:03:43,320
239		-resistance and have you know, high odds
240		-
241		-61
242		-00:03:43,320 ~-~-> 00:03:45,540
243		-key resistance levels. Now we're going
244		-
245		-62
246		-00:03:45,540 ~-~-> 00:03:47,700
247		-to build on that in this episode here.
248		-
249		-63
250		-00:03:47,700 ~-~-> 00:03:50,970
251		-But for now, while we're looking at
252		-
253		-64
254		-00:03:50,970 ~-~-> 00:03:53,070
255		-this, I want to remind you to the last
256		-
257		-65
258		-00:03:53,070 ~-~-> 00:03:56,700
259		-episode we talked about the fiber being
260		-
261		-66
262		-00:03:56,700 ~-~-> 00:04:00,390
263		-poised to trade lower. Okay, now I
264		-
265		-67
266		-00:04:00,390 ~-~-> 00:04:04,140
267		-purposely waited a little while, not as
268		-
269		-68
270		-00:04:04,140 ~-~-> 00:04:05,880
271		-long as I did, but the third episode
272		-
273		-69
274		-00:04:05,880 ~-~-> 00:04:07,890
275		-out, but I wanted to wait a little while
276		-
277		-70
278		-00:04:08,160 ~-~-> 00:04:11,490
279		-to allow the market to move lower based
280		-
281		-71
282		-00:04:11,490 ~-~-> 00:04:14,220
283		-on that real time, if you want to call
284		-
285		-72
286		-00:04:14,220 ~-~-> 00:04:16,800
287		-it that, in recording, it's time and
288		-
289		-73
290		-00:04:16,800 ~-~-> 00:04:20,190
291		-date stamped on YouTube, the, the fiber
292		-
293		-74
294		-00:04:20,190 ~-~-> 00:04:22,260
295		-was called to go lower. Now we're going
296		-
297		-75
298		-00:04:22,260 ~-~-> 00:04:25,110
299		-to frame why that was the case now,
300		-
301		-76
302		-00:04:25,200 ~-~-> 00:04:27,330
303		-okay, but I want to reiterate the fact
304		-
305		-77
306		-00:04:27,330 ~-~-> 00:04:29,520
307		-that it was called lower beforehand,
308		-
309		-78
310		-00:04:29,640 ~-~-> 00:04:31,860
311		-okay. So the concepts that we're going
312		-
313		-79
314		-00:04:31,860 ~-~-> 00:04:34,260
315		-to employ and go over in this example,
316		-
317		-80
318		-00:04:34,800 ~-~-> 00:04:37,740
319		-are going to be beneficial to you going
320		-
321		-81
322		-00:04:37,740 ~-~-> 00:04:39,180
323		-forward because it's the same type of
324		-
325		-82
326		-00:04:39,180 ~-~-> 00:04:40,530
327		-thing you do over and over and over
328		-
329		-83
330		-00:04:40,530 ~-~-> 00:04:43,170
331		-again, just, you know, on your own
332		-
333		-84
334		-00:04:43,170 ~-~-> 00:04:45,180
335		-particular pair, or it could be a stock
336		-
337		-85
338		-00:04:45,180 ~-~-> 00:04:47,880
339		-market, you know, stock or commodity,
340		-
341		-86
342		-00:04:47,880 ~-~-> 00:04:49,500
343		-whatever it is, whatever vehicle or
344		-
345		-87
346		-00:04:49,500 ~-~-> 00:04:51,360
347		-asset class that you find yourself a
348		-
349		-88
350		-00:04:51,360 ~-~-> 00:04:54,720
351		-trader in. We're delving in specifically
352		-
353		-89
354		-00:04:54,720 ~-~-> 00:04:57,000
355		-the FX market here in this series, but
356		-
357		-90
358		-00:04:57,330 ~-~-> 00:04:59,490
359		-it's important to understand my concepts
360		-
361		-91
362		-00:04:59,520 ~-~-> 00:05:01,740
363		-are generic, okay, and when I say
364		-
365		-92
366		-00:05:01,740 ~-~-> 00:05:04,890
367		-generic, it means do not boring in the
368		-
369		-93
370		-00:05:04,890 ~-~-> 00:05:07,170
371		-sense that they're not useful. They're
372		-
373		-94
374		-00:05:07,170 ~-~-> 00:05:08,430
375		-generic in the sense that they're
376		-
377		-95
378		-00:05:08,430 ~-~-> 00:05:11,400
379		-universal. Okay, they apply to every
380		-
381		-96
382		-00:05:11,400 ~-~-> 00:05:14,070
383		-asset class minor little nuances that
384		-
385		-97
386		-00:05:14,070 ~-~-> 00:05:16,110
387		-have to be taken into consideration. But
388		-
389		-98
390		-00:05:16,110 ~-~-> 00:05:18,330
391		-nonetheless, they are applicable to
392		-
393		-99
394		-00:05:18,360 ~-~-> 00:05:23,520
395		-every market asset class. So the
396		-
397		-100
398		-00:05:23,520 ~-~-> 00:05:25,350
399		-homework assignment was to look for
400		-
401		-101
402		-00:05:25,350 ~-~-> 00:05:27,870
403		-reaction levels, okay, mark them up on
404		-
405		-102
406		-00:05:27,870 ~-~-> 00:05:30,030
407		-your chart, and then watch what happens
408		-
409		-103
410		-00:05:30,060 ~-~-> 00:05:31,860
411		-in the coming weeks around those
412		-
413		-104
414		-00:05:31,860 ~-~-> 00:05:33,690
415		-particular price levels. Okay, and we're
416		-
417		-105
418		-00:05:33,690 ~-~-> 00:05:35,220
419		-going to do that now. Now, I'm not going
420		-
421		-106
422		-00:05:35,220 ~-~-> 00:05:37,350
423		-to beat it to death in terms of what
424		-
425		-107
426		-00:05:38,820 ~-~-> 00:05:41,070
427		-reaction levels and what support
428		-
429		-108
430		-00:05:41,070 ~-~-> 00:05:42,900
431		-resistance levels we should have noted
432		-
433		-109
434		-00:05:42,900 ~-~-> 00:05:44,940
435		-in our chart. But if we were looking at
436		-
437		-110
438		-00:05:44,940 ~-~-> 00:05:46,740
439		-this example here, and this was real
440		-
441		-111
442		-00:05:46,740 ~-~-> 00:05:49,500
443		-time in the time, if you sitting down in
444		-
445		-112
446		-00:05:49,500 ~-~-> 00:05:50,940
447		-front of the charts or when I would be
448		-
449		-113
450		-00:05:50,940 ~-~-> 00:05:52,110
451		-sitting in front of the charts, this is
452		-
453		-114
454		-00:05:52,110 ~-~-> 00:05:54,840
455		-how I would mark up my charts. Okay, I'm
456		-
457		-115
458		-00:05:54,840 ~-~-> 00:05:56,790
459		-just going to use the four horizontal
460		-
461		-116
462		-00:05:56,790 ~-~-> 00:05:58,560
463		-lines to save time because I spend a lot
464		-
465		-117
466		-00:05:58,560 ~-~-> 00:06:01,920
467		-of time month around with adjusting the
468		-
469		-118
470		-00:06:02,730 ~-~-> 00:06:06,090
471		-the app, the right end of a trend line.
472		-
473		-119
474		-00:06:06,930 ~-~-> 00:06:09,090
475		-Now I do like the trend lines because it
476		-
477		-120
478		-00:06:09,090 ~-~-> 00:06:11,820
479		-makes it neater when I'm drawing
480		-
481		-121
482		-00:06:11,820 ~-~-> 00:06:14,070
483		-horizontal support resistance. Now I
484		-
485		-122
486		-00:06:14,070 ~-~-> 00:06:15,570
487		-don't like trend lines on a diagonal
488		-
489		-123
490		-00:06:15,570 ~-~-> 00:06:18,450
491		-basis. So don't get me misquoted here I
492		-
493		-124
494		-00:06:18,450 ~-~-> 00:06:21,090
495		-do not have faith in diagonal support
496		-
497		-125
498		-00:06:21,090 ~-~-> 00:06:23,490
499		-resistance, but I do have absolute faith
500		-
501		-126
502		-00:06:23,880 ~-~-> 00:06:25,680
503		-and horizontal support resistance as we
504		-
505		-127
506		-00:06:25,680 ~-~-> 00:06:28,620
507		-have here. Now what I'm doing is some
508		-
509		-128
510		-00:06:29,790 ~-~-> 00:06:31,050
511		-noting every
512		-
513		-129
514		-00:06:32,940 ~-~-> 00:06:37,050
515		-swing high and swing low, that's
516		-
517		-130
518		-00:06:37,290 ~-~-> 00:06:38,940
519		-relatively close, I'm going to use about
520		-
521		-131
522		-00:06:38,940 ~-~-> 00:06:41,550
523		-300 to 400 PIP range from where we're
524		-
525		-132
526		-00:06:41,550 ~-~-> 00:06:43,830
527		-trading at in this instance here. Now
528		-
529		-133
530		-00:06:43,830 ~-~-> 00:06:45,360
531		-obviously, you can see time of this
532		-
533		-134
534		-00:06:45,360 ~-~-> 00:06:47,310
535		-recording prices already down here. But
536		-
537		-135
538		-00:06:47,580 ~-~-> 00:06:48,960
539		-again, I'm going to counsel you to go
540		-
541		-136
542		-00:06:48,960 ~-~-> 00:06:51,210
543		-back to the recording and you'll know by
544		-
545		-137
546		-00:06:51,210 ~-~-> 00:06:52,950
547		-watching it that we call this market
548		-
549		-138
550		-00:06:52,950 ~-~-> 00:06:54,870
551		-going lower here. Okay.
552		-
553		-139
554		-00:06:56,160 ~-~-> 00:06:56,700
555		-So
556		-
557		-140
558		-00:06:58,350 ~-~-> 00:07:01,710
559		-we have this reaction hi he Okay, swing
560		-
561		-141
562		-00:07:01,710 ~-~-> 00:07:03,840
563		-high. Now what I'm noting again so you
564		-
565		-142
566		-00:07:03,840 ~-~-> 00:07:04,110
567		-don't
568		-
569		-143
570		-00:07:06,149 ~-~-> 00:07:06,779
571		-lose.
572		-
573		-144
574		-00:07:08,040 ~-~-> 00:07:10,500
575		-Lose Yourself amongst my banter here.
576		-
577		-145
578		-00:07:11,220 ~-~-> 00:07:14,490
579		-I'm looking at times where candles have
580		-
581		-146
582		-00:07:14,700 ~-~-> 00:07:18,900
583		-to hire candles on both sides. Okay? Not
584		-
585		-147
586		-00:07:19,860 ~-~-> 00:07:22,410
587		-to hire on each side but to hire candles
588		-
589		-148
590		-00:07:22,440 ~-~-> 00:07:24,960
591		-on one side and other words you have a
592		-
593		-149
594		-00:07:24,960 ~-~-> 00:07:27,000
595		-candle with a higher low on the left and
596		-
597		-150
598		-00:07:27,000 ~-~-> 00:07:29,970
599		-a higher low on the right. Okay, and I'm
600		-
601		-151
602		-00:07:30,000 ~-~-> 00:07:32,160
603		-pointing this probably is probably
604		-
605		-152
606		-00:07:32,160 ~-~-> 00:07:33,360
607		-confusing because it's not what I'm
608		-
609		-153
610		-00:07:33,360 ~-~-> 00:07:35,310
611		-showing you here but this is a Sunday
612		-
613		-154
614		-00:07:35,310 ~-~-> 00:07:36,450
615		-candle so you got to take that in
616		-
617		-155
618		-00:07:36,450 ~-~-> 00:07:38,100
619		-consideration blend that into this
620		-
621		-156
622		-00:07:38,100 ~-~-> 00:07:41,250
623		-Monday. So you do have the, the swing
624		-
625		-157
626		-00:07:41,430 ~-~-> 00:07:45,240
627		-low here, basing this Monday candle and
628		-
629		-158
630		-00:07:45,240 ~-~-> 00:07:47,700
631		-this Thursday candle here and this is a
632		-
633		-159
634		-00:07:47,700 ~-~-> 00:07:50,250
635		-Friday candle. So you have that swing
636		-
637		-160
638		-00:07:50,250 ~-~-> 00:07:52,470
639		-low. Okay, so we'll have that noted.
640		-
641		-161
642		-00:07:55,139 ~-~-> 00:07:56,399
643		-Okay, and
644		-
645		-162
646		-00:07:59,220 ~-~-> 00:08:03,720
647		-we're going to use Who's this high here?
648		-
649		-163
650		-00:08:06,060 ~-~-> 00:08:06,870
651		-Okay, and
652		-
653		-164
654		-00:08:07,440 ~-~-> 00:08:10,650
655		-you see this one here? Now I realize
656		-
657		-165
658		-00:08:10,680 ~-~-> 00:08:12,000
659		-you're probably starting to think well
660		-
661		-166
662		-00:08:12,000 ~-~-> 00:08:13,470
663		-wait, this is getting really busy here.
664		-
665		-167
666		-00:08:14,220 ~-~-> 00:08:16,620
667		-Okay, but what I want to draw your
668		-
669		-168
670		-00:08:16,620 ~-~-> 00:08:18,900
671		-attention to is the fact that we do have
672		-
673		-169
674		-00:08:18,900 ~-~-> 00:08:21,600
675		-these levels, turning the market on a
676		-
677		-170
678		-00:08:21,600 ~-~-> 00:08:24,510
679		-daily timeframe. Okay, so if the market
680		-
681		-171
682		-00:08:24,510 ~-~-> 00:08:26,970
683		-made its daily higher low there, okay?
684		-
685		-172
686		-00:08:27,300 ~-~-> 00:08:30,030
687		-It's significant. Okay. Now this is a
688		-
689		-173
690		-00:08:30,030 ~-~-> 00:08:34,980
691		-moment report your pad. Major reaction
692		-
693		-174
694		-00:08:34,980 ~-~-> 00:08:38,880
695		-levels, okay occur around annual highs
696		-
697		-175
698		-00:08:38,880 ~-~-> 00:08:40,500
699		-and lows I mean yearly, high and low.
700		-
701		-176
702		-00:08:41,370 ~-~-> 00:08:43,890
703		-Quarterly, your high and low in other
704		-
705		-177
706		-00:08:43,890 ~-~-> 00:08:46,020
707		-words every three months, okay, for
708		-
709		-178
710		-00:08:46,020 ~-~-> 00:08:48,210
711		-instance, January, February, March in
712		-
713		-179
714		-00:08:48,210 ~-~-> 00:08:50,820
715		-that block of time calendar basis, okay,
716		-
717		-180
718		-00:08:50,820 ~-~-> 00:08:52,500
719		-find the highest high in high school I'm
720		-
721		-181
722		-00:08:52,500 ~-~-> 00:08:54,120
723		-sorry, highest high and lowest low in
724		-
725		-182
726		-00:08:54,120 ~-~-> 00:08:56,820
727		-that timeframe. Do the same thing for
728		-
729		-183
730		-00:08:56,820 ~-~-> 00:08:59,400
731		-the second quarter. Okay, that beam
732		-
733		-184
734		-00:09:00,840 ~-~-> 00:09:03,930
735		-April, May, June, and then July, August,
736		-
737		-185
738		-00:09:04,050 ~-~-> 00:09:06,840
739		-September, October, November December.
740		-
741		-186
742		-00:09:07,050 ~-~-> 00:09:09,270
743		-So there's there's four quarters and
744		-
745		-187
746		-00:09:09,300 ~-~-> 00:09:10,950
747		-blocks of three okay because there's a
748		-
749		-188
750		-00:09:10,950 ~-~-> 00:09:13,170
751		-quarterly shuffle that goes on okay
752		-
753		-189
754		-00:09:13,170 ~-~-> 00:09:16,020
755		-portfolio dressing and such. And you'll
756		-
757		-190
758		-00:09:16,020 ~-~-> 00:09:17,790
759		-be able to see significant highs and
760		-
761		-191
762		-00:09:17,790 ~-~-> 00:09:19,110
763		-lows. We're not gonna do that here. It's
764		-
765		-192
766		-00:09:19,470 ~-~-> 00:09:21,360
767		-this series is meant for you to get your
768		-
769		-193
770		-00:09:21,360 ~-~-> 00:09:23,250
771		-sleeves rolled up and do some homework
772		-
773		-194
774		-00:09:23,250 ~-~-> 00:09:24,930
775		-on your own. Okay, and you're going to
776		-
777		-195
778		-00:09:24,930 ~-~-> 00:09:27,870
779		-learn by doing it, okay, I'm leading you
780		-
781		-196
782		-00:09:27,870 ~-~-> 00:09:29,220
783		-to the water but it's up to you to
784		-
785		-197
786		-00:09:29,220 ~-~-> 00:09:32,760
787		-drink, okay. You also have monthly highs
788		-
789		-198
790		-00:09:32,760 ~-~-> 00:09:35,400
791		-and lows. Those are key, important
792		-
793		-199
794		-00:09:35,580 ~-~-> 00:09:37,740
795		-reactionary levels. Okay. And then you
796		-
797		-200
798		-00:09:37,740 ~-~-> 00:09:39,870
799		-have weekly highs and lows and you have
800		-
801		-201
802		-00:09:39,900 ~-~-> 00:09:42,570
803		-intra week highs and lows. Okay, so now
804		-
805		-202
806		-00:09:42,570 ~-~-> 00:09:43,950
807		-it's once you get to like Wednesday,
808		-
809		-203
810		-00:09:44,370 ~-~-> 00:09:46,410
811		-whatever the highest highs and lows low
812		-
813		-204
814		-00:09:46,410 ~-~-> 00:09:49,410
815		-was at that time are influential. Okay,
816		-
817		-205
818		-00:09:49,410 ~-~-> 00:09:51,240
819		-and then you have your standard daily
820		-
821		-206
822		-00:09:51,240 ~-~-> 00:09:55,230
823		-highs and lows. Okay. And here is one of
824		-
825		-207
826		-00:09:55,230 ~-~-> 00:09:56,700
827		-the gold nuggets that you're going to
828		-
829		-208
830		-00:09:56,700 ~-~-> 00:10:01,290
831		-get okay. Whenever you see a swing high,
832		-
833		-209
834		-00:10:01,980 ~-~-> 00:10:04,320
835		-okay, swing high like this. Okay, we
836		-
837		-210
838		-00:10:04,320 ~-~-> 00:10:06,420
839		-have a candle here with a lower high
840		-
841		-211
842		-00:10:06,420 ~-~-> 00:10:08,550
843		-candle, right, have it in a lower high
844		-
845		-212
846		-00:10:08,580 ~-~-> 00:10:11,580
847		-candle on the left of it. Okay? This
848		-
849		-213
850		-00:10:11,580 ~-~-> 00:10:14,220
851		-pattern is very, very strong. And the
852		-
853		-214
854		-00:10:14,220 ~-~-> 00:10:15,780
855		-reason why it's so strong is because you
856		-
857		-215
858		-00:10:15,780 ~-~-> 00:10:18,060
859		-have to take a couple elements out of
860		-
861		-216
862		-00:10:18,060 ~-~-> 00:10:20,400
863		-that pattern. Okay, and we're going to
864		-
865		-217
866		-00:10:20,400 ~-~-> 00:10:22,560
867		-start with the first candle here, this
868		-
869		-218
870		-00:10:22,560 ~-~-> 00:10:24,930
871		-candle on the left of the swing high.
872		-
873		-219
874		-00:10:25,350 ~-~-> 00:10:28,080
875		-Okay, you want to note the high, the
876		-
877		-220
878		-00:10:28,080 ~-~-> 00:10:30,030
879		-open the low and the close on this
880		-
881		-221
882		-00:10:30,030 ~-~-> 00:10:32,190
883		-candle. You want to do the same thing
884		-
885		-222
886		-00:10:32,190 ~-~-> 00:10:34,470
887		-for the highest candle in the three bar
888		-
889		-223
890		-00:10:34,860 ~-~-> 00:10:36,450
891		-pattern. And you want to do the same
892		-
893		-224
894		-00:10:36,450 ~-~-> 00:10:39,060
895		-thing to open high low close values on
896		-
897		-225
898		-00:10:39,060 ~-~-> 00:10:42,390
899		-that same basis. Okay. And whenever you
900		-
901		-226
902		-00:10:42,390 ~-~-> 00:10:43,920
903		-see a swing high on your daily
904		-
905		-227
906		-00:10:43,920 ~-~-> 00:10:46,620
907		-timeframe, you really, really want to
908		-
909		-228
910		-00:10:46,620 ~-~-> 00:10:52,290
911		-have those data points. Now,
912		-
913		-229
914		-00:10:52,290 ~-~-> 00:10:54,030
915		-essentially, we have the high here with
916		-
917		-230
918		-00:10:54,030 ~-~-> 00:10:56,760
919		-this horizontal line, and we essentially
920		-
921		-231
922		-00:10:56,760 ~-~-> 00:10:59,310
923		-have the open. We're here with this
924		-
925		-232
926		-00:10:59,310 ~-~-> 00:11:02,160
927		-line. Because based on this candle here,
928		-
929		-233
930		-00:11:03,210 ~-~-> 00:11:07,350
931		-now we have to have the low. I'm sorry,
932		-
933		-234
934		-00:11:07,350 ~-~-> 00:11:12,930
935		-the low here, noted as well. Okay, you
936		-
937		-235
938		-00:11:12,930 ~-~-> 00:11:15,000
939		-can see that happening right there. Now
940		-
941		-236
942		-00:11:15,000 ~-~-> 00:11:17,670
943		-I'm balling it true, but we can go down
944		-
945		-237
946		-00:11:17,670 ~-~-> 00:11:19,440
947		-and Doctor it up when we get down to the
948		-
949		-238
950		-00:11:19,440 ~-~-> 00:11:21,000
951		-lower timeframes. But here's what I
952		-
953		-239
954		-00:11:21,000 ~-~-> 00:11:23,130
955		-want, just just by clicking that, like I
956		-
957		-240
958		-00:11:23,130 ~-~-> 00:11:24,480
959		-did here. I want you to take a look at
960		-
961		-241
962		-00:11:24,480 ~-~-> 00:11:25,470
963		-what happened over here and these
964		-
965		-242
966		-00:11:25,470 ~-~-> 00:11:27,660
967		-candles, see the bodies they were having
968		-
969		-243
970		-00:11:27,660 ~-~-> 00:11:30,630
971		-difficulty closing and opening far
972		-
973		-244
974		-00:11:30,630 ~-~-> 00:11:34,410
975		-beyond that level. Okay, something about
976		-
977		-245
978		-00:11:34,470 ~-~-> 00:11:36,900
979		-these levels, okay, causes the
980		-
981		-246
982		-00:11:36,900 ~-~-> 00:11:39,090
983		-marketplace to turn. Okay, we're going
984		-
985		-247
986		-00:11:39,090 ~-~-> 00:11:40,920
987		-to talk more specifically about that
988		-
989		-248
990		-00:11:40,920 ~-~-> 00:11:43,950
991		-phenomenon. Okay, and another Smart
992		-
993		-249
994		-00:11:43,950 ~-~-> 00:11:47,370
995		-Money concept applied to where markets
996		-
997		-250
998		-00:11:47,460 ~-~-> 00:11:50,670
999		-tend to, to blast off and have you trade
1000		-
1001		-251
1002		-00:11:50,670 ~-~-> 00:11:52,620
1003		-opportunity presented to you and you can
1004		-
1005		-252
1006		-00:11:52,650 ~-~-> 00:11:56,130
1007		-see things in advance based on what I'm
1008		-
1009		-253
1010		-00:11:56,130 ~-~-> 00:11:58,680
1011		-going to share in this episode here. But
1012		-
1013		-254
1014		-00:11:58,740 ~-~-> 00:12:01,020
1015		-I want to show you how sensitive these
1016		-
1017		-255
1018		-00:12:01,020 ~-~-> 00:12:02,910
1019		-levels are and then obviously, because
1020		-
1021		-256
1022		-00:12:02,910 ~-~-> 00:12:06,870
1023		-we have this market open on this candle
1024		-
1025		-257
1026		-00:12:06,870 ~-~-> 00:12:08,010
1027		-here, if you go over here look with
1028		-
1029		-258
1030		-00:12:08,040 ~-~-> 00:12:09,390
1031		-debt, you have a bounce right off of
1032		-
1033		-259
1034		-00:12:09,390 ~-~-> 00:12:12,420
1035		-that. Obviously, we can see that the
1036		-
1037		-260
1038		-00:12:12,480 ~-~-> 00:12:14,130
1039		-close of that candle and that swing
1040		-
1041		-261
1042		-00:12:14,130 ~-~-> 00:12:17,040
1043		-high, we were opening essentially near
1044		-
1045		-262
1046		-00:12:17,040 ~-~-> 00:12:19,530
1047		-that same point went lower. The candle
1048		-
1049		-263
1050		-00:12:19,530 ~-~-> 00:12:21,600
1051		-here was unable to make much move
1052		-
1053		-264
1054		-00:12:21,600 ~-~-> 00:12:24,150
1055		-higher. We fell short of it here, the
1056		-
1057		-265
1058		-00:12:24,150 ~-~-> 00:12:26,700
1059		-body of the candle here as well. Okay,
1060		-
1061		-266
1062		-00:12:26,700 ~-~-> 00:12:29,610
1063		-so there's a lot of insight that is
1064		-
1065		-267
1066		-00:12:29,640 ~-~-> 00:12:33,360
1067		-gleaned by doing these exercises, but
1068		-
1069		-268
1070		-00:12:33,360 ~-~-> 00:12:36,570
1071		-it's also a daily procedure. Okay, but
1072		-
1073		-269
1074		-00:12:36,570 ~-~-> 00:12:39,090
1075		-here's the cool thing. Once you have
1076		-
1077		-270
1078		-00:12:39,090 ~-~-> 00:12:42,660
1079		-these levels noted, okay, these when
1080		-
1081		-271
1082		-00:12:42,660 ~-~-> 00:12:44,850
1083		-they're when they're a lot of them like
1084		-
1085		-272
1086		-00:12:44,850 ~-~-> 00:12:47,520
1087		-you see here. This is when you take your
1088		-
1089		-273
1090		-00:12:47,550 ~-~-> 00:12:49,650
1091		-data, and you write it down in your pad,
1092		-
1093		-274
1094		-00:12:49,950 ~-~-> 00:12:51,930
1095		-okay, and that way when price trades to
1096		-
1097		-275
1098		-00:12:51,930 ~-~-> 00:12:54,690
1099		-these levels, okay, or approaches these
1100		-
1101		-276
1102		-00:12:54,690 ~-~-> 00:12:56,640
1103		-levels, you'll have that in mind. Okay,
1104		-
1105		-277
1106		-00:12:56,640 ~-~-> 00:12:58,320
1107		-look uses a reactionary level based on a
1108		-
1109		-278
1110		-00:12:58,320 ~-~-> 00:13:00,000
1111		-daily timeframe. So you don't have to
1112		-
1113		-279
1114		-00:13:00,000 ~-~-> 00:13:02,040
1115		-have all these lines on your chart?
1116		-
1117		-280
1118		-00:13:02,220 ~-~-> 00:13:04,500
1119		-Okay? So we're going to do is we're
1120		-
1121		-281
1122		-00:13:04,500 ~-~-> 00:13:06,510
1123		-going to take our chart and we're going
1124		-
1125		-282
1126		-00:13:06,510 ~-~-> 00:13:08,520
1127		-to drill down to a four hour basis.
1128		-
1129		-283
1130		-00:13:09,180 ~-~-> 00:13:11,190
1131		-Okay? And we're going to be just simply
1132		-
1133		-284
1134		-00:13:11,190 ~-~-> 00:13:12,270
1135		-looking at
1136		-
1137		-285
1138		-00:13:13,710 ~-~-> 00:13:14,460
1139		-the,
1140		-
1141		-286
1142		-00:13:15,630 ~-~-> 00:13:16,380
1143		-the market
1144		-
1145		-287
1146		-00:13:17,640 ~-~-> 00:13:22,230
1147		-from the standpoint of August 23.
1148		-
1149		-288
1150		-00:13:32,820 ~-~-> 00:13:34,380
1151		-Okay, and what I did was I've just moved
1152		-
1153		-289
1154		-00:13:34,410 ~-~-> 00:13:37,380
1155		-the fixed chart position and just a
1156		-
1157		-290
1158		-00:13:37,380 ~-~-> 00:13:39,690
1159		-little difficult to see here, but I will
1160		-
1161		-291
1162		-00:13:39,690 ~-~-> 00:13:41,700
1163		-show you all that when I talk about
1164		-
1165		-292
1166		-00:13:41,700 ~-~-> 00:13:44,250
1167		-setting up templates for mt four and how
1168		-
1169		-293
1170		-00:13:44,250 ~-~-> 00:13:47,490
1171		-you can maneuver around. So we're gonna
1172		-
1173		-294
1174		-00:13:47,490 ~-~-> 00:13:52,770
1175		-do a four hour chart. Okay, and here we
1176		-
1177		-295
1178		-00:13:52,770 ~-~-> 00:13:55,380
1179		-are, we're essentially with the same
1180		-
1181		-296
1182		-00:13:55,380 ~-~-> 00:13:57,540
1183		-levels noted. We move down into a four
1184		-
1185		-297
1186		-00:13:57,540 ~-~-> 00:14:00,810
1187		-hour basis. Okay, and I'm just going to
1188		-
1189		-298
1190		-00:14:00,810 ~-~-> 00:14:02,700
1191		-design the scrub forward a little bit.
1192		-
1193		-299
1194		-00:14:04,500 ~-~-> 00:14:07,080
1195		-Okay, and read about here's where we're
1196		-
1197		-300
1198		-00:14:07,080 ~-~-> 00:14:08,700
1199		-talking about how the market was poised
1200		-
1201		-301
1202		-00:14:08,700 ~-~-> 00:14:12,120
1203		-to trade lower. And I'll promise I'll
1204		-
1205		-302
1206		-00:14:12,120 ~-~-> 00:14:14,310
1207		-get to the point of which we're going to
1208		-
1209		-303
1210		-00:14:14,310 ~-~-> 00:14:16,200
1211		-explain why it was going to go lower.
1212		-
1213		-304
1214		-00:14:16,590 ~-~-> 00:14:17,970
1215		-But for now, I just want to just
1216		-
1217		-305
1218		-00:14:17,970 ~-~-> 00:14:21,060
1219		-illustrate how the market eventually
1220		-
1221		-306
1222		-00:14:21,060 ~-~-> 00:14:24,000
1223		-traded with these levels. Okay, now,
1224		-
1225		-307
1226		-00:14:24,000 ~-~-> 00:14:27,840
1227		-these levels were based on key reaction
1228		-
1229		-308
1230		-00:14:27,840 ~-~-> 00:14:30,330
1231		-levels on a daily timeframe before the
1232		-
1233		-309
1234		-00:14:30,330 ~-~-> 00:14:31,620
1235		-fact otherwise, we're going to basically
1236		-
1237		-310
1238		-00:14:31,620 ~-~-> 00:14:35,580
1239		-establish a point of which will
1240		-
1241		-311
1242		-00:14:35,580 ~-~-> 00:14:37,500
1243		-delineate with a vertical line here.
1244		-
1245		-312
1246		-00:14:37,860 ~-~-> 00:14:41,190
1247		-We'll say, beginning here, you know, we
1248		-
1249		-313
1250		-00:14:41,190 ~-~-> 00:14:43,170
1251		-were expecting to go lower, and we're
1252		-
1253		-314
1254		-00:14:43,170 ~-~-> 00:14:44,910
1255		-going to start watching and there's
1256		-
1257		-315
1258		-00:14:44,910 ~-~-> 00:14:47,370
1259		-going to study how price reacted to
1260		-
1261		-316
1262		-00:14:47,370 ~-~-> 00:14:52,380
1263		-these levels going forward. Okay. And
1264		-
1265		-317
1266		-00:14:52,380 ~-~-> 00:14:53,460
1267		-really, what you're doing is you're,
1268		-
1269		-318
1270		-00:14:53,610 ~-~-> 00:14:56,340
1271		-you're looking at how price moved,
1272		-
1273		-319
1274		-00:14:56,370 ~-~-> 00:14:58,800
1275		-reacted, traded down to and up to
1276		-
1277		-320
1278		-00:14:58,800 ~-~-> 00:15:01,410
1279		-resistance and support How price works
1280		-
1281		-321
1282		-00:15:01,410 ~-~-> 00:15:04,080
1283		-to specific levels, broke down, found
1284		-
1285		-322
1286		-00:15:04,080 ~-~-> 00:15:06,630
1287		-support at it and then broke lower and
1288		-
1289		-323
1290		-00:15:06,660 ~-~-> 00:15:08,730
1291		-moved around in gyrated. Okay. Now,
1292		-
1293		-324
1294		-00:15:09,360 ~-~-> 00:15:11,640
1295		-these levels are just simply established
1296		-
1297		-325
1298		-00:15:11,640 ~-~-> 00:15:14,490
1299		-off of daily timeframe. Now, when you
1300		-
1301		-326
1302		-00:15:14,490 ~-~-> 00:15:16,350
1303		-move to a four hour, okay, like we
1304		-
1305		-327
1306		-00:15:16,350 ~-~-> 00:15:18,180
1307		-learned in the previous two episodes,
1308		-
1309		-328
1310		-00:15:18,570 ~-~-> 00:15:19,980
1311		-when you break your market down from a
1312		-
1313		-329
1314		-00:15:19,980 ~-~-> 00:15:21,660
1315		-daily to a four hour the four hour is
1316		-
1317		-330
1318		-00:15:21,660 ~-~-> 00:15:23,670
1319		-going to have more dynamic support
1320		-
1321		-331
1322		-00:15:23,670 ~-~-> 00:15:25,620
1323		-resistance levels that were not as
1324		-
1325		-332
1326		-00:15:25,620 ~-~-> 00:15:28,500
1327		-clearly discernible as we're on a daily
1328		-
1329		-333
1330		-00:15:28,500 ~-~-> 00:15:33,600
1331		-chart, okay, so this level here, okay,
1332		-
1333		-334
1334		-00:15:33,930 ~-~-> 00:15:35,550
1335		-you would have on your chart as well and
1336		-
1337		-335
1338		-00:15:35,550 ~-~-> 00:15:37,890
1339		-you can see the price reactions from
1340		-
1341		-336
1342		-00:15:37,890 ~-~-> 00:15:41,130
1343		-there's as well and you have this swing
1344		-
1345		-337
1346		-00:15:41,130 ~-~-> 00:15:44,580
1347		-low. One could have that on your chart
1348		-
1349		-338
1350		-00:15:44,580 ~-~-> 00:15:47,520
1351		-as well. And you can see how price
1352		-
1353		-339
1354		-00:15:47,790 ~-~-> 00:15:50,550
1355		-reacted around that as well. Okay, and
1356		-
1357		-340
1358		-00:15:50,760 ~-~-> 00:15:53,460
1359		-now, what we're gonna do is we're going
1360		-
1361		-341
1362		-00:15:53,460 ~-~-> 00:15:57,330
1363		-to move to a 15 minute basis and we're
1364		-
1365		-342
1366		-00:15:57,330 ~-~-> 00:15:59,790
1367		-going to look at last week's trading
1368		-
1369		-343
1370		-00:16:21,030 ~-~-> 00:16:23,730
1371		-Okay, this is last week trading the Euro
1372		-
1373		-344
1374		-00:16:23,730 ~-~-> 00:16:25,740
1375		-USD, this is a 15 minute timeframe that
1376		-
1377		-345
1378		-00:16:25,740 ~-~-> 00:16:26,610
1379		-we're going to do is going to put the
1380		-
1381		-346
1382		-00:16:26,610 ~-~-> 00:16:29,160
1383		-vertical lines in delineating the actual
1384		-
1385		-347
1386		-00:16:29,160 ~-~-> 00:16:31,920
1387		-days. You have Monday's trading here,
1388		-
1389		-348
1390		-00:16:32,580 ~-~-> 00:16:35,250
1391		-Tuesday trading here, Wednesday,
1392		-
1393		-349
1394		-00:16:35,460 ~-~-> 00:16:39,180
1395		-Thursday, and then Friday down here. Now
1396		-
1397		-350
1398		-00:16:39,210 ~-~-> 00:16:40,860
1399		-we again, we're calling the market
1400		-
1401		-351
1402		-00:16:40,860 ~-~-> 00:16:43,200
1403		-lower. And you can see the market did in
1404		-
1405		-352
1406		-00:16:43,200 ~-~-> 00:16:45,570
1407		-fact trade lower. We're going to be
1408		-
1409		-353
1410		-00:16:45,570 ~-~-> 00:16:46,740
1411		-looking at
1412		-
1413		-354
1414		-00:16:49,140 ~-~-> 00:16:50,130
1415		-how price
1416		-
1417		-355
1418		-00:16:50,640 ~-~-> 00:16:53,730
1419		-reacted intra week, okay, but we're
1420		-
1421		-356
1422		-00:16:53,730 ~-~-> 00:16:57,330
1423		-going to talk about some things that
1424		-
1425		-357
1426		-00:16:57,360 ~-~-> 00:16:59,010
1427		-haven't really been touched on if you've
1428		-
1429		-358
1430		-00:16:59,010 ~-~-> 00:17:00,870
1431		-been following for a while. in great
1432		-
1433		-359
1434		-00:17:00,870 ~-~-> 00:17:15,570
1435		-detail Okay, so now what we're gonna do
1436		-
1437		-360
1438		-00:17:15,570 ~-~-> 00:17:20,430
1439		-is we're gonna be discussing the have a
1440		-
1441		-361
1442		-00:17:20,430 ~-~-> 00:17:22,200
1443		-market itself, we're going to zoom out
1444		-
1445		-362
1446		-00:17:22,200 ~-~-> 00:17:23,970
1447		-just one more tap to so you can get a
1448		-
1449		-363
1450		-00:17:23,970 ~-~-> 00:17:26,280
1451		-feel for what has happened. The market
1452		-
1453		-364
1454		-00:17:26,280 ~-~-> 00:17:28,500
1455		-traded lower up in these levels here
1456		-
1457		-365
1458		-00:17:28,500 ~-~-> 00:17:30,930
1459		-where we were calling it lower and broke
1460		-
1461		-366
1462		-00:17:30,930 ~-~-> 00:17:33,000
1463		-down rather aggressively. Okay, so you
1464		-
1465		-367
1466		-00:17:33,000 ~-~-> 00:17:36,720
1467		-can see much more dynamic view of how
1468		-
1469		-368
1470		-00:17:36,840 ~-~-> 00:17:39,480
1471		-price had respected the support
1472		-
1473		-369
1474		-00:17:39,480 ~-~-> 00:17:42,630
1475		-resistance lines that we arrived at on a
1476		-
1477		-370
1478		-00:17:42,630 ~-~-> 00:17:47,670
1479		-daily timeframe. Okay, so now obviously,
1480		-
1481		-371
1482		-00:17:47,670 ~-~-> 00:17:49,530
1483		-we can see in hindsight, it caused the
1484		-
1485		-372
1486		-00:17:49,530 ~-~-> 00:17:52,440
1487		-market to turn at resistance and support
1488		-
1489		-373
1490		-00:17:52,440 ~-~-> 00:17:54,390
1491		-and once support was broken, events
1492		-
1493		-374
1494		-00:17:54,390 ~-~-> 00:17:55,620
1495		-retreated back to it found as
1496		-
1497		-375
1498		-00:17:55,620 ~-~-> 00:17:57,630
1499		-resistance. Okay, we understand those
1500		-
1501		-376
1502		-00:17:57,630 ~-~-> 00:17:59,190
1503		-central tenants to the marketplace and
1504		-
1505		-377
1506		-00:17:59,190 ~-~-> 00:18:00,900
1507		-how technology analysis is generally
1508		-
1509		-378
1510		-00:18:01,170 ~-~-> 00:18:04,590
1511		-perceived and or viewed in hindsight
1512		-
1513		-379
1514		-00:18:04,590 ~-~-> 00:18:06,780
1515		-basis. Okay, but how do we use these
1516		-
1517		-380
1518		-00:18:06,780 ~-~-> 00:18:09,150
1519		-levels going forward? Okay, well, number
1520		-
1521		-381
1522		-00:18:09,150 ~-~-> 00:18:09,510
1523		-one,
1524		-
1525		-382
1526		-00:18:10,140 ~-~-> 00:18:12,420
1527		-unless you have these
1528		-
1529		-383
1530		-00:18:12,990 ~-~-> 00:18:16,080
1531		-types of price points, okay, or support
1532		-
1533		-384
1534		-00:18:16,080 ~-~-> 00:18:17,910
1535		-resistance levels on a higher timeframe,
1536		-
1537		-385
1538		-00:18:18,270 ~-~-> 00:18:20,700
1539		-there's absolutely zero reason to expect
1540		-
1541		-386
1542		-00:18:20,730 ~-~-> 00:18:24,000
1543		-a trade to form. Okay? Again, here's one
1544		-
1545		-387
1546		-00:18:24,000 ~-~-> 00:18:25,620
1547		-of those night notepad moments, okay?
1548		-
1549		-388
1550		-00:18:26,130 ~-~-> 00:18:27,780
1551		-Write this down and I'm going to line it
1552		-
1553		-389
1554		-00:18:27,990 ~-~-> 00:18:32,970
1555		-several times, you do not look for a
1556		-
1557		-390
1558		-00:18:32,970 ~-~-> 00:18:35,670
1559		-trade or trading pattern when your
1560		-
1561		-391
1562		-00:18:35,670 ~-~-> 00:18:38,370
1563		-intraday charts unless it is trading at
1564		-
1565		-392
1566		-00:18:38,370 ~-~-> 00:18:40,560
1567		-a higher time frame support resistance
1568		-
1569		-393
1570		-00:18:40,560 ~-~-> 00:18:42,720
1571		-level, okay, or at a higher timeframe
1572		-
1573		-394
1574		-00:18:42,750 ~-~-> 00:18:46,320
1575		-reaction level. That means the trade has
1576		-
1577		-395
1578		-00:18:46,320 ~-~-> 00:18:49,500
1579		-to be formulated and framed around a
1580		-
1581		-396
1582		-00:18:49,500 ~-~-> 00:18:51,810
1583		-level that you had already arrived at,
1584		-
1585		-397
1586		-00:18:52,140 ~-~-> 00:18:54,210
1587		-from the daily and or for a timeframe.
1588		-
1589		-398
1590		-00:18:54,900 ~-~-> 00:18:57,390
1591		-Okay, now, here's a question for you.
1592		-
1593		-399
1594		-00:18:57,780 ~-~-> 00:18:59,040
1595		-And you already know the answer to this,
1596		-
1597		-400
1598		-00:18:59,040 ~-~-> 00:19:02,220
1599		-I'm sure So again, I'm not trying to
1600		-
1601		-401
1602		-00:19:02,220 ~-~-> 00:19:03,720
1603		-browbeat anyone, but I'm telling you,
1604		-
1605		-402
1606		-00:19:03,720 ~-~-> 00:19:06,090
1607		-I've done the same stuff. So hopefully
1608		-
1609		-403
1610		-00:19:06,090 ~-~-> 00:19:07,860
1611		-you'll learn from it like I did. And
1612		-
1613		-404
1614		-00:19:07,860 ~-~-> 00:19:09,570
1615		-you'll, you'll, you'll stop the bleeding
1616		-
1617		-405
1618		-00:19:09,600 ~-~-> 00:19:10,500
1619		-and you'll start moving towards
1620		-
1621		-406
1622		-00:19:10,500 ~-~-> 00:19:14,160
1623		-consistency. So now looking at your own
1624		-
1625		-407
1626		-00:19:14,160 ~-~-> 00:19:18,540
1627		-personal trading, how many times daily,
1628		-
1629		-408
1630		-00:19:18,630 ~-~-> 00:19:20,910
1631		-weekly, in the last few months or so,
1632		-
1633		-409
1634		-00:19:21,150 ~-~-> 00:19:23,700
1635		-how many times have you looked at a five
1636		-
1637		-410
1638		-00:19:23,700 ~-~-> 00:19:24,930
1639		-minute chart or a one minute chart,
1640		-
1641		-411
1642		-00:19:24,960 ~-~-> 00:19:26,610
1643		-maybe, you know, an hourly chart,
1644		-
1645		-412
1646		-00:19:27,090 ~-~-> 00:19:29,310
1647		-looking for a pattern, a price pattern,
1648		-
1649		-413
1650		-00:19:29,700 ~-~-> 00:19:32,700
1651		-and then trying to chase the market
1652		-
1653		-414
1654		-00:19:32,700 ~-~-> 00:19:34,800
1655		-after you see it moving? Because you you
1656		-
1657		-415
1658		-00:19:34,800 ~-~-> 00:19:37,950
1659		-didn't have the confidence, the trust
1660		-
1661		-416
1662		-00:19:38,340 ~-~-> 00:19:39,960
1663		-the pattern, because there was nothing
1664		-
1665		-417
1666		-00:19:39,990 ~-~-> 00:19:42,000
1667		-framing it on. Okay, you just saw a
1668		-
1669		-418
1670		-00:19:42,390 ~-~-> 00:19:45,510
1671		-pattern or similarity of what would be
1672		-
1673		-419
1674		-00:19:45,510 ~-~-> 00:19:47,970
1675		-considered a price pattern and then
1676		-
1677		-420
1678		-00:19:47,970 ~-~-> 00:19:49,470
1679		-reacted to it after the market started
1680		-
1681		-421
1682		-00:19:49,470 ~-~-> 00:19:51,870
1683		-moving. What you felt was a confidence
1684		-
1685		-422
1686		-00:19:51,870 ~-~-> 00:19:54,030
1687		-booster in the favor that you know the
1688		-
1689		-423
1690		-00:19:54,030 ~-~-> 00:19:55,560
1691		-favorable direction the pattern was
1692		-
1693		-424
1694		-00:19:55,560 ~-~-> 00:19:57,270
1695		-suggesting it would move, and then all
1696		-
1697		-425
1698		-00:19:57,270 ~-~-> 00:19:59,070
1699		-of a sudden solve that market turn on
1700		-
1701		-426
1702		-00:19:59,070 ~-~-> 00:20:01,500
1703		-you. Even though That suppose that price
1704		-
1705		-427
1706		-00:20:01,500 ~-~-> 00:20:03,450
1707		-pattern was there. It eventually turned
1708		-
1709		-428
1710		-00:20:03,450 ~-~-> 00:20:06,540
1711		-on you, as it happened to you. I can
1712		-
1713		-429
1714		-00:20:06,540 ~-~-> 00:20:08,490
1715		-tell you with grace is surely if it
1716		-
1717		-430
1718		-00:20:08,490 ~-~-> 00:20:10,110
1719		-hasn't, if you don't do these types of
1720		-
1721		-431
1722		-00:20:10,110 ~-~-> 00:20:12,900
1723		-things, it surely will price patterns by
1724		-
1725		-432
1726		-00:20:12,900 ~-~-> 00:20:15,870
1727		-themselves. You know, you all speak
1728		-
1729		-433
1730		-00:20:15,870 ~-~-> 00:20:19,050
1731		-harmonically. gartley, butterflies,
1732		-
1733		-434
1734		-00:20:19,050 ~-~-> 00:20:22,230
1735		-bats, all those patterns, okay, that you
1736		-
1737		-435
1738		-00:20:22,260 ~-~-> 00:20:25,350
1739		-hear bandied about on the internet and
1740		-
1741		-436
1742		-00:20:25,350 ~-~-> 00:20:28,740
1743		-or YouTube educational series or reviews
1744		-
1745		-437
1746		-00:20:28,740 ~-~-> 00:20:32,130
1747		-or some quote unquote previews. They may
1748		-
1749		-438
1750		-00:20:32,130 ~-~-> 00:20:35,610
1751		-or may not be profitable. But if you
1752		-
1753		-439
1754		-00:20:35,610 ~-~-> 00:20:39,000
1755		-don't have that pattern framed around a
1756		-
1757		-440
1758		-00:20:39,030 ~-~-> 00:20:41,580
1759		-real reaction level, okay, and again,
1760		-
1761		-441
1762		-00:20:41,580 ~-~-> 00:20:44,430
1763		-we've talked about why the market reacts
1764		-
1765		-442
1766		-00:20:44,430 ~-~-> 00:20:46,590
1767		-like it does and when you see market
1768		-
1769		-443
1770		-00:20:48,210 ~-~-> 00:20:50,670
1771		-moves that are dynamic, okay, because
1772		-
1773		-444
1774		-00:20:51,120 ~-~-> 00:20:53,460
1775		-it's the institutional sponsorship that
1776		-
1777		-445
1778		-00:20:53,460 ~-~-> 00:20:55,860
1779		-takes the market up or down. Okay,
1780		-
1781		-446
1782		-00:20:55,890 ~-~-> 00:20:57,750
1783		-retail traders are not going to do
1784		-
1785		-447
1786		-00:20:57,750 ~-~-> 00:21:00,570
1787		-anything to this marketplace. We are
1788		-
1789		-448
1790		-00:21:00,570 ~-~-> 00:21:02,970
1791		-participants that are hopefully like the
1792		-
1793		-449
1794		-00:21:02,970 ~-~-> 00:21:05,370
1795		-fleas on the dog. Okay, we're on for the
1796		-
1797		-450
1798		-00:21:05,370 ~-~-> 00:21:06,720
1799		-ride once in a while we get a bite.
1800		-
1801		-451
1802		-00:21:06,930 ~-~-> 00:21:09,150
1803		-Okay? But if we don't watch it a dog
1804		-
1805		-452
1806		-00:21:09,150 ~-~-> 00:21:12,360
1807		-will scratches right off. So we are
1808		-
1809		-453
1810		-00:21:12,360 ~-~-> 00:21:14,640
1811		-hopefully positioning ourselves at a
1812		-
1813		-454
1814		-00:21:14,640 ~-~-> 00:21:18,810
1815		-time and place really in terms of price,
1816		-
1817		-455
1818		-00:21:19,410 ~-~-> 00:21:24,210
1819		-where the market is highly sensitive to
1820		-
1821		-456
1822		-00:21:24,660 ~-~-> 00:21:27,810
1823		-market reactions on the higher level
1824		-
1825		-457
1826		-00:21:27,840 ~-~-> 00:21:30,300
1827		-trading entities like the banks, large
1828		-
1829		-458
1830		-00:21:30,300 ~-~-> 00:21:32,940
1831		-funds, institutions, if those traders
1832		-
1833		-459
1834		-00:21:32,970 ~-~-> 00:21:35,370
1835		-are participating in the marketplace at
1836		-
1837		-460
1838		-00:21:35,370 ~-~-> 00:21:37,560
1839		-that time frame, okay, at that time of
1840		-
1841		-461
1842		-00:21:37,560 ~-~-> 00:21:40,110
1843		-day at that date, okay, at that price
1844		-
1845		-462
1846		-00:21:40,110 ~-~-> 00:21:43,560
1847		-level, you are in a much better
1848		-
1849		-463
1850		-00:21:43,800 ~-~-> 00:21:45,930
1851		-position, technically speaking as a
1852		-
1853		-464
1854		-00:21:45,930 ~-~-> 00:21:48,030
1855		-trader than those that to simply go out
1856		-
1857		-465
1858		-00:21:48,030 ~-~-> 00:21:50,310
1859		-and say, Well, you know, the markets are
1860		-
1861		-466
1862		-00:21:50,310 ~-~-> 00:21:51,570
1863		-going up for the last six days, so it's
1864		-
1865		-467
1866		-00:21:51,570 ~-~-> 00:21:52,620
1867		-probably gonna keep going up. Let me
1868		-
1869		-468
1870		-00:21:52,620 ~-~-> 00:21:54,780
1871		-just go in here and buy it today. Okay,
1872		-
1873		-469
1874		-00:21:54,930 ~-~-> 00:21:56,190
1875		-so I can tell you I know a lot of people
1876		-
1877		-470
1878		-00:21:56,190 ~-~-> 00:21:58,170
1879		-that send me emails, again, please, I'm
1880		-
1881		-471
1882		-00:21:58,170 ~-~-> 00:21:59,760
1883		-only using this as an example. So don't
1884		-
1885		-472
1886		-00:22:00,000 ~-~-> 00:22:01,560
1887		-Let this be an impediment to you ever
1888		-
1889		-473
1890		-00:22:01,560 ~-~-> 00:22:03,330
1891		-send me emails or questions or comments
1892		-
1893		-474
1894		-00:22:03,330 ~-~-> 00:22:05,220
1895		-or anything like that. But you know,
1896		-
1897		-475
1898		-00:22:05,550 ~-~-> 00:22:07,800
1899		-folks, do these types of things. And
1900		-
1901		-476
1902		-00:22:07,800 ~-~-> 00:22:09,660
1903		-here's this. Here's another, you know,
1904		-
1905		-477
1906		-00:22:10,860 ~-~-> 00:22:13,350
1907		-disclosure, I did that same stuff, guys.
1908		-
1909		-478
1910		-00:22:13,440 ~-~-> 00:22:15,450
1911		-Okay, when I traded commodities if the
1912		-
1913		-479
1914		-00:22:15,450 ~-~-> 00:22:17,700
1915		-market was going screaming up, okay, I
1916		-
1917		-480
1918		-00:22:17,700 ~-~-> 00:22:20,640
1919		-would be watching it do it in the middle
1920		-
1921		-481
1922		-00:22:20,640 ~-~-> 00:22:22,470
1923		-of the summertime during drought season.
1924		-
1925		-482
1926		-00:22:22,740 ~-~-> 00:22:24,120
1927		-If the week mark was going straight up,
1928		-
1929		-483
1930		-00:22:24,150 ~-~-> 00:22:27,270
1931		-it could be up for 19 days. And I'm
1932		-
1933		-484
1934		-00:22:27,270 ~-~-> 00:22:28,380
1935		-like, wow, that's been going on. Let me
1936		-
1937		-485
1938		-00:22:28,380 ~-~-> 00:22:30,300
1939		-just get in here and buy that okay. And
1940		-
1941		-486
1942		-00:22:30,510 ~-~-> 00:22:32,340
1943		-sometimes I was lucky. And then other
1944		-
1945		-487
1946		-00:22:32,340 ~-~-> 00:22:34,440
1947		-times I was not okay because I was
1948		-
1949		-488
1950		-00:22:34,440 ~-~-> 00:22:37,140
1951		-chasing the market. By having these
1952		-
1953		-489
1954		-00:22:37,140 ~-~-> 00:22:40,050
1955		-levels pre determined based on the
1956		-
1957		-490
1958		-00:22:40,050 ~-~-> 00:22:42,360
1959		-higher time frame. You can sit on your
1960		-
1961		-491
1962		-00:22:42,360 ~-~-> 00:22:45,210
1963		-hands and exercise that dreaded word
1964		-
1965		-492
1966		-00:22:45,210 ~-~-> 00:22:47,370
1967		-patience. Okay, because a lot of times I
1968		-
1969		-493
1970		-00:22:47,670 ~-~-> 00:22:49,860
1971		-you know, I talked about that, and I
1972		-
1973		-494
1974		-00:22:49,860 ~-~-> 00:22:51,780
1975		-stressed the importance of having
1976		-
1977		-495
1978		-00:22:51,780 ~-~-> 00:22:54,570
1979		-patients and submitting to time, okay,
1980		-
1981		-496
1982		-00:22:54,570 ~-~-> 00:22:56,790
1983		-because if we're using these daily and
1984		-
1985		-497
1986		-00:22:56,790 ~-~-> 00:22:58,650
1987		-four hour charts, it's going to take
1988		-
1989		-498
1990		-00:22:58,680 ~-~-> 00:23:00,690
1991		-time for price to get These particular
1992		-
1993		-499
1994		-00:23:00,690 ~-~-> 00:23:03,330
1995		-price levels. Now, why am I teaching
1996		-
1997		-500
1998		-00:23:03,360 ~-~-> 00:23:05,490
1999		-this timeframe? Well, because most of
2000		-
2001		-501
2002		-00:23:05,490 ~-~-> 00:23:06,630
2003		-you can't sit it in front of your
2004		-
2005		-502
2006		-00:23:06,630 ~-~-> 00:23:08,040
2007		-computers all day long and trade for a
2008		-
2009		-503
2010		-00:23:08,040 ~-~-> 00:23:10,290
2011		-living. As much as you aspire to do that
2012		-
2013		-504
2014		-00:23:10,590 ~-~-> 00:23:13,170
2015		-you all have, what responsibilities, you
2016		-
2017		-505
2018		-00:23:13,170 ~-~-> 00:23:14,160
2019		-have mortgage payments, you have
2020		-
2021		-506
2022		-00:23:14,160 ~-~-> 00:23:15,810
2023		-children, you have spouses to take care
2024		-
2025		-507
2026		-00:23:15,810 ~-~-> 00:23:18,150
2027		-of, if your wives you have husbands to
2028		-
2029		-508
2030		-00:23:18,150 ~-~-> 00:23:21,150
2031		-deal with. So the bottom line is, is you
2032		-
2033		-509
2034		-00:23:21,150 ~-~-> 00:23:23,580
2035		-have a lot of responsibilities and very
2036		-
2037		-510
2038		-00:23:23,580 ~-~-> 00:23:25,290
2039		-little time on your hands to be able to
2040		-
2041		-511
2042		-00:23:25,290 ~-~-> 00:23:27,510
2043		-apply to analysis. Now Sure, you can go
2044		-
2045		-512
2046		-00:23:27,510 ~-~-> 00:23:29,760
2047		-back and look at hindsight and study
2048		-
2049		-513
2050		-00:23:29,760 ~-~-> 00:23:31,560
2051		-intraday action like that. And there's
2052		-
2053		-514
2054		-00:23:31,770 ~-~-> 00:23:33,300
2055		-certainly nothing wrong with that. But
2056		-
2057		-515
2058		-00:23:33,750 ~-~-> 00:23:35,340
2059		-for the most part, by far and large
2060		-
2061		-516
2062		-00:23:35,400 ~-~-> 00:23:38,040
2063		-majority of you are watching this all
2064		-
2065		-517
2066		-00:23:38,040 ~-~-> 00:23:40,560
2067		-have nine to five or similar that keeps
2068		-
2069		-518
2070		-00:23:40,560 ~-~-> 00:23:43,530
2071		-you from having the time to sit in front
2072		-
2073		-519
2074		-00:23:43,530 ~-~-> 00:23:45,660
2075		-of the charts and trade intraday. So,
2076		-
2077		-520
2078		-00:23:46,620 ~-~-> 00:23:47,970
2079		-again, I'm teaching this timeframe
2080		-
2081		-521
2082		-00:23:47,970 ~-~-> 00:23:49,440
2083		-because it will allow those that have
2084		-
2085		-522
2086		-00:23:49,440 ~-~-> 00:23:52,770
2087		-jobs, to formulate trading ideas and
2088		-
2089		-523
2090		-00:23:52,770 ~-~-> 00:23:54,900
2091		-your demo account to build confidence
2092		-
2093		-524
2094		-00:23:54,900 ~-~-> 00:23:57,030
2095		-and understanding in technical analysis
2096		-
2097		-525
2098		-00:23:57,210 ~-~-> 00:23:59,550
2099		-and still possibly take part of
2100		-
2101		-526
2102		-00:24:00,000 ~-~-> 00:24:02,850
2103		-profitable swings that market entities
2104		-
2105		-527
2106		-00:24:03,090 ~-~-> 00:24:06,360
2107		-push price up or down based on these
2108		-
2109		-528
2110		-00:24:06,360 ~-~-> 00:24:08,040
2111		-higher level support resistance levels.
2112		-
2113		-529
2114		-00:24:09,360 ~-~-> 00:24:10,950
2115		-Now, again, we have a snapshot in front
2116		-
2117		-530
2118		-00:24:10,950 ~-~-> 00:24:13,410
2119		-of us here. This is essentially a two
2120		-
2121		-531
2122		-00:24:13,410 ~-~-> 00:24:15,720
2123		-and a half weeks worth of price data.
2124		-
2125		-532
2126		-00:24:16,830 ~-~-> 00:24:20,010
2127		-But again, these levels were noted prior
2128		-
2129		-533
2130		-00:24:20,310 ~-~-> 00:24:22,920
2131		-to these price points up here, okay, we
2132		-
2133		-534
2134		-00:24:22,920 ~-~-> 00:24:24,870
2135		-were calling the market lower up in here
2136		-
2137		-535
2138		-00:24:25,230 ~-~-> 00:24:27,750
2139		-and the market has slid lower okay to
2140		-
2141		-536
2142		-00:24:27,750 ~-~-> 00:24:30,690
2143		-the tune of about what is that let's get
2144		-
2145		-537
2146		-00:24:30,690 ~-~-> 00:24:32,940
2147		-a good, good feel for what that price
2148		-
2149		-538
2150		-00:24:32,940 ~-~-> 00:24:34,260
2151		-level was. We'll get about middle of
2152		-
2153		-539
2154		-00:24:34,260 ~-~-> 00:24:37,080
2155		-that consolidation. And the lowest low
2156		-
2157		-540
2158		-00:24:37,080 ~-~-> 00:24:40,530
2159		-on last Friday comes in around 285 pips
2160		-
2161		-541
2162		-00:24:40,530 ~-~-> 00:24:44,250
2163		-or so. Not bad, not bad for, you know, a
2164		-
2165		-542
2166		-00:24:44,250 ~-~-> 00:24:49,200
2167		-future perspective in terms of analysis
2168		-
2169		-543
2170		-00:24:49,350 ~-~-> 00:24:52,470
2171		-a lot, a lot of my haters that really
2172		-
2173		-544
2174		-00:24:52,500 ~-~-> 00:24:54,480
2175		-have no interest in learning this stuff.
2176		-
2177		-545
2178		-00:24:54,480 ~-~-> 00:24:56,610
2179		-They just want to DeRay on the track.
2180		-
2181		-546
2182		-00:24:56,790 ~-~-> 00:24:58,440
2183		-folks that are out here doing this stuff
2184		-
2185		-547
2186		-00:24:58,890 ~-~-> 00:25:00,510
2187		-for free. I don't sell them And I just
2188		-
2189		-548
2190		-00:25:00,510 ~-~-> 00:25:02,820
2191		-do it as a as a hobby. As you can see,
2192		-
2193		-549
2194		-00:25:02,820 ~-~-> 00:25:06,960
2195		-it's been a delay in my release of this
2196		-
2197		-550
2198		-00:25:07,110 ~-~-> 00:25:09,240
2199		-episode. And that's another reason why I
2200		-
2201		-551
2202		-00:25:09,240 ~-~-> 00:25:10,590
2203		-will never sell anything because I
2204		-
2205		-552
2206		-00:25:10,590 ~-~-> 00:25:12,510
2207		-really have a life. And I'm not gonna
2208		-
2209		-553
2210		-00:25:13,140 ~-~-> 00:25:15,570
2211		-subject you guys to any kind of payment,
2212		-
2213		-554
2214		-00:25:15,810 ~-~-> 00:25:18,360
2215		-okay, and, you know, selling things
2216		-
2217		-555
2218		-00:25:18,360 ~-~-> 00:25:19,140
2219		-because number one, I don't want to
2220		-
2221		-556
2222		-00:25:19,140 ~-~-> 00:25:21,810
2223		-hassle to, I don't need your money. And
2224		-
2225		-557
2226		-00:25:21,810 ~-~-> 00:25:24,240
2227		-three, I can't promise you I'm going to
2228		-
2229		-558
2230		-00:25:24,240 ~-~-> 00:25:26,700
2231		-have the free time to consistently give
2232		-
2233		-559
2234		-00:25:26,700 ~-~-> 00:25:29,370
2235		-you what you would reasonably expect in
2236		-
2237		-560
2238		-00:25:29,370 ~-~-> 00:25:31,590
2239		-a paid service. So there are guys out
2240		-
2241		-561
2242		-00:25:31,590 ~-~-> 00:25:33,870
2243		-there that have you know, services and
2244		-
2245		-562
2246		-00:25:34,170 ~-~-> 00:25:35,910
2247		-some of them probably shouldn't be doing
2248		-
2249		-563
2250		-00:25:35,910 ~-~-> 00:25:38,040
2251		-it. Then you have others out there that
2252		-
2253		-564
2254		-00:25:38,130 ~-~-> 00:25:39,690
2255		-you know are doing it and maybe there
2256		-
2257		-565
2258		-00:25:39,690 ~-~-> 00:25:41,970
2259		-are, you know, worthwhile and they have
2260		-
2261		-566
2262		-00:25:41,970 ~-~-> 00:25:42,360
2263		-a,
2264		-
2265		-567
2266		-00:25:43,650 ~-~-> 00:25:45,870
2267		-you know, assistance to new traders.
2268		-
2269		-568
2270		-00:25:46,290 ~-~-> 00:25:48,360
2271		-It's not up to me need to judge those
2272		-
2273		-569
2274		-00:25:48,360 ~-~-> 00:25:49,950
2275		-individuals. I can just tell you that me
2276		-
2277		-570
2278		-00:25:49,950 ~-~-> 00:25:52,560
2279		-personally, in the form of a mentor, you
2280		-
2281		-571
2282		-00:25:52,560 ~-~-> 00:25:53,970
2283		-get what you get when you get it. I
2284		-
2285		-572
2286		-00:25:53,970 ~-~-> 00:25:55,950
2287		-mean, I don't mean to be ignorant about
2288		-
2289		-573
2290		-00:25:55,950 ~-~-> 00:25:57,360
2291		-it. But you know, like I said, I do have
2292		-
2293		-574
2294		-00:25:58,200 ~-~-> 00:26:04,980
2295		-a job of being father, husband, and my
2296		-
2297		-575
2298		-00:26:04,980 ~-~-> 00:26:08,700
2299		-life is interesting in it many times
2300		-
2301		-576
2302		-00:26:08,700 ~-~-> 00:26:10,200
2303		-pulls me in directions I really didn't
2304		-
2305		-577
2306		-00:26:10,200 ~-~-> 00:26:12,870
2307		-plan on from the time I lay my head down
2308		-
2309		-578
2310		-00:26:12,870 ~-~-> 00:26:14,700
2311		-to kind of wake up, a lot of things can
2312		-
2313		-579
2314		-00:26:14,700 ~-~-> 00:26:16,950
2315		-happen in ICT world and you know, I
2316		-
2317		-580
2318		-00:26:16,950 ~-~-> 00:26:18,630
2319		-could be involved in things that I
2320		-
2321		-581
2322		-00:26:18,630 ~-~-> 00:26:21,540
2323		-hadn't planned on. And that's what this
2324		-
2325		-582
2326		-00:26:21,630 ~-~-> 00:26:23,850
2327		-market can provide for you a lot of
2328		-
2329		-583
2330		-00:26:23,850 ~-~-> 00:26:26,490
2331		-freedom to do that very thing. I'm not
2332		-
2333		-584
2334		-00:26:26,490 ~-~-> 00:26:28,800
2335		-locked into having to do any one thing
2336		-
2337		-585
2338		-00:26:28,800 ~-~-> 00:26:31,530
2339		-or another. The freedom to be able to
2340		-
2341		-586
2342		-00:26:31,530 ~-~-> 00:26:34,710
2343		-say, you know what, I've reached my
2344		-
2345		-587
2346		-00:26:34,710 ~-~-> 00:26:36,990
2347		-goal. I don't ever have to go to my
2348		-
2349		-588
2350		-00:26:37,020 ~-~-> 00:26:40,770
2351		-employment place anymore. Okay, whatever
2352		-
2353		-589
2354		-00:26:40,770 ~-~-> 00:26:42,120
2355		-that is, you plug that in, if you're
2356		-
2357		-590
2358		-00:26:42,120 ~-~-> 00:26:44,610
2359		-looking if you work at a, an industrial
2360		-
2361		-591
2362		-00:26:45,630 ~-~-> 00:26:47,670
2363		-job, or if you're a truck driver, or if
2364		-
2365		-592
2366		-00:26:47,670 ~-~-> 00:26:49,530
2367		-you're a mechanic or if you're a doctor,
2368		-
2369		-593
2370		-00:26:49,530 ~-~-> 00:26:53,400
2371		-a nurse, ice cream truck, guy. How about
2372		-
2373		-594
2374		-00:26:53,400 ~-~-> 00:26:57,780
2375		-that hustle? bottom line is you have to
2376		-
2377		-595
2378		-00:26:58,050 ~-~-> 00:26:59,880
2379		-get to that point and it doesn't happen.
2380		-
2381		-596
2382		-00:26:59,880 ~-~-> 00:27:02,970
2383		-Every Tonight, so, use these tools, okay
2384		-
2385		-597
2386		-00:27:02,970 ~-~-> 00:27:05,790
2387		-to help frame your inner traitor that
2388		-
2389		-598
2390		-00:27:05,790 ~-~-> 00:27:08,460
2391		-will eventually come to fruition. After
2392		-
2393		-599
2394		-00:27:08,460 ~-~-> 00:27:10,320
2395		-you gain a level of confidence in
2396		-
2397		-600
2398		-00:27:10,320 ~-~-> 00:27:12,960
2399		-yourself, firstly, that you can stick to
2400		-
2401		-601
2402		-00:27:12,960 ~-~-> 00:27:16,080
2403		-the procedures, then trust the tools.
2404		-
2405		-602
2406		-00:27:16,530 ~-~-> 00:27:18,420
2407		-And then when those two come together,
2408		-
2409		-603
2410		-00:27:18,840 ~-~-> 00:27:21,780
2411		-then you find a level of consistency at
2412		-
2413		-604
2414		-00:27:21,780 ~-~-> 00:27:23,940
2415		-your time of choosing, not when I say or
2416		-
2417		-605
2418		-00:27:23,940 ~-~-> 00:27:26,700
2419		-another mentor, and whatever, you know
2420		-
2421		-606
2422		-00:27:26,730 ~-~-> 00:27:28,890
2423		-book that you buy suggests that you
2424		-
2425		-607
2426		-00:27:28,890 ~-~-> 00:27:31,080
2427		-should go to live trading or full time
2428		-
2429		-608
2430		-00:27:31,080 ~-~-> 00:27:33,570
2431		-trading. You'll know it when you know,
2432		-
2433		-609
2434		-00:27:33,990 ~-~-> 00:27:35,940
2435		-okay, believe me you'll if you feel like
2436		-
2437		-610
2438		-00:27:35,940 ~-~-> 00:27:37,530
2439		-you're rushing, you probably are so
2440		-
2441		-611
2442		-00:27:37,530 ~-~-> 00:27:40,500
2443		-don't, don't get in a race to try to say
2444		-
2445		-612
2446		-00:27:40,500 ~-~-> 00:27:44,040
2447		-well, I'm quitting my job. Okay. I'm
2448		-
2449		-613
2450		-00:27:44,040 ~-~-> 00:27:45,870
2451		-phoning out these little notes I have
2452		-
2453		-614
2454		-00:27:45,870 ~-~-> 00:27:48,690
2455		-next to my keyboard here because I've
2456		-
2457		-615
2458		-00:27:48,900 ~-~-> 00:27:50,280
2459		-been getting emails so I'm kind of
2460		-
2461		-616
2462		-00:27:50,280 ~-~-> 00:27:52,470
2463		-tossing these little nuggets out in the
2464		-
2465		-617
2466		-00:27:52,470 ~-~-> 00:27:54,120
2467		-midst of having these recordings. So
2468		-
2469		-618
2470		-00:27:54,120 ~-~-> 00:27:55,890
2471		-hopefully I'm answering your your
2472		-
2473		-619
2474		-00:27:55,890 ~-~-> 00:27:59,790
2475		-inquiries. So now by looking at these
2476		-
2477		-620
2478		-00:27:59,820 ~-~-> 00:28:01,680
2479		-two and a half weeks or such in price
2480		-
2481		-621
2482		-00:28:01,680 ~-~-> 00:28:05,070
2483		-data, we call the market lower back
2484		-
2485		-622
2486		-00:28:05,070 ~-~-> 00:28:09,120
2487		-here. Okay, so how would one reasonably
2488		-
2489		-623
2490		-00:28:09,120 ~-~-> 00:28:11,100
2491		-expect to participate in the
2492		-
2493		-624
2494		-00:28:11,100 ~-~-> 00:28:13,980
2495		-marketplace, as price moves lower number
2496		-
2497		-625
2498		-00:28:13,980 ~-~-> 00:28:16,440
2499		-one, we have these price levels noted.
2500		-
2501		-626
2502		-00:28:16,500 ~-~-> 00:28:18,720
2503		-And again, from this point in here,
2504		-
2505		-627
2506		-00:28:19,050 ~-~-> 00:28:21,180
2507		-these levels were on the chart, they
2508		-
2509		-628
2510		-00:28:21,180 ~-~-> 00:28:23,340
2511		-would be walking forward, you would see
2512		-
2513		-629
2514		-00:28:23,340 ~-~-> 00:28:27,000
2515		-price reacting, real time at these price
2516		-
2517		-630
2518		-00:28:27,000 ~-~-> 00:28:30,180
2519		-points, okay. Again, this is a 15 minute
2520		-
2521		-631
2522		-00:28:30,180 ~-~-> 00:28:32,190
2523		-timeframe. So you would have smaller
2524		-
2525		-632
2526		-00:28:32,190 ~-~-> 00:28:33,690
2527		-dealing rain support resistance levels
2528		-
2529		-633
2530		-00:28:33,690 ~-~-> 00:28:35,670
2531		-on these timeframes as well but not as
2532		-
2533		-634
2534		-00:28:35,700 ~-~-> 00:28:38,730
2535		-important as the daily and for our
2536		-
2537		-635
2538		-00:28:38,730 ~-~-> 00:28:41,250
2539		-timeframes, because those are where the
2540		-
2541		-636
2542		-00:28:41,250 ~-~-> 00:28:42,750
2543		-large institutional traders are spent
2544		-
2545		-637
2546		-00:28:42,870 ~-~-> 00:28:44,460
2547		-spending majority of their time looking
2548		-
2549		-638
2550		-00:28:44,460 ~-~-> 00:28:47,190
2551		-for value. Okay, much we're going to
2552		-
2553		-639
2554		-00:28:47,190 ~-~-> 00:28:50,670
2555		-talk about that. So now, again, we
2556		-
2557		-640
2558		-00:28:50,670 ~-~-> 00:28:52,350
2559		-talked about how, in the previous
2560		-
2561		-641
2562		-00:28:52,350 ~-~-> 00:28:55,080
2563		-episode that the market tends to make
2564		-
2565		-642
2566		-00:28:55,080 ~-~-> 00:28:58,650
2567		-its high or low in the first few days of
2568		-
2569		-643
2570		-00:28:58,650 ~-~-> 00:29:00,330
2571		-the week, generally by Tuesday. On and
2572		-
2573		-644
2574		-00:29:00,330 ~-~-> 00:29:02,220
2575		-open and at the very latest many times
2576		-
2577		-645
2578		-00:29:02,220 ~-~-> 00:29:04,410
2579		-you'll find it Wednesdays London open is
2580		-
2581		-646
2582		-00:29:04,410 ~-~-> 00:29:07,590
2583		-like the last cusp of where the higher
2584		-
2585		-647
2586		-00:29:07,590 ~-~-> 00:29:09,330
2587		-low if it's a down week, the high would
2588		-
2589		-648
2590		-00:29:09,330 ~-~-> 00:29:11,670
2591		-be formed. But generally between Monday
2592		-
2593		-649
2594		-00:29:11,670 ~-~-> 00:29:14,970
2595		-and Tuesday, you see it forming the
2596		-
2597		-650
2598		-00:29:14,970 ~-~-> 00:29:17,580
2599		-higher low. And now what that going
2600		-
2601		-651
2602		-00:29:17,580 ~-~-> 00:29:19,560
2603		-forward, okay, you can see that we did
2604		-
2605		-652
2606		-00:29:19,560 ~-~-> 00:29:22,410
2607		-have the high form. I think it just went
2608		-
2609		-653
2610		-00:29:22,410 ~-~-> 00:29:24,240
2611		-above a few pips, maybe one or two pips
2612		-
2613		-654
2614		-00:29:24,240 ~-~-> 00:29:26,280
2615		-here on Wednesday. So it came true as
2616		-
2617		-655
2618		-00:29:26,280 ~-~-> 00:29:29,250
2619		-well here moved lower. Okay, but then we
2620		-
2621		-656
2622		-00:29:29,250 ~-~-> 00:29:33,150
2623		-moved into this week here, okay. And
2624		-
2625		-657
2626		-00:29:33,150 ~-~-> 00:29:35,280
2627		-it's kind of unique in a sense, because
2628		-
2629		-658
2630		-00:29:35,910 ~-~-> 00:29:37,620
2631		-if you've been watching the news or been
2632		-
2633		-659
2634		-00:29:37,620 ~-~-> 00:29:39,870
2635		-reading newspapers and such, there's
2636		-
2637		-660
2638		-00:29:39,870 ~-~-> 00:29:44,100
2639		-been some saber rattling about the US
2640		-
2641		-661
2642		-00:29:44,130 ~-~-> 00:29:47,160
2643		-potentially striking Syria. I'm not
2644		-
2645		-662
2646		-00:29:47,160 ~-~-> 00:29:49,800
2647		-going to go into political stance on get
2648		-
2649		-663
2650		-00:29:49,800 ~-~-> 00:29:51,210
2651		-on my soapbox about what we should or
2652		-
2653		-664
2654		-00:29:51,210 ~-~-> 00:29:53,280
2655		-shouldn't do and regards to that, but it
2656		-
2657		-665
2658		-00:29:53,280 ~-~-> 00:29:57,270
2659		-has caused a lot of uncertainty in terms
2660		-
2661		-666
2662		-00:29:57,300 ~-~-> 00:30:01,680
2663		-of what is going To be the outcome of
2664		-
2665		-667
2666		-00:30:01,680 ~-~-> 00:30:05,040
2667		-all that, okay? And this is really good
2668		-
2669		-668
2670		-00:30:05,040 ~-~-> 00:30:06,750
2671		-in a sense because it gives me an
2672		-
2673		-669
2674		-00:30:06,750 ~-~-> 00:30:09,840
2675		-opportunity to plug in something that
2676		-
2677		-670
2678		-00:30:09,870 ~-~-> 00:30:11,610
2679		-otherwise if it hadn't hadn't been
2680		-
2681		-671
2682		-00:30:11,610 ~-~-> 00:30:13,590
2683		-happening, I would just be talking about
2684		-
2685		-672
2686		-00:30:13,590 ~-~-> 00:30:14,910
2687		-it conceptually. But now we're going to
2688		-
2689		-673
2690		-00:30:14,940 ~-~-> 00:30:16,800
2691		-have a, a real world example of what
2692		-
2693		-674
2694		-00:30:16,800 ~-~-> 00:30:19,050
2695		-this implies when you do your own
2696		-
2697		-675
2698		-00:30:19,050 ~-~-> 00:30:22,050
2699		-analysis. When there's uncertainty,
2700		-
2701		-676
2702		-00:30:22,530 ~-~-> 00:30:23,940
2703		-okay, when there's uncertainty in the
2704		-
2705		-677
2706		-00:30:23,940 ~-~-> 00:30:26,940
2707		-marketplace or the the global economy,
2708		-
2709		-678
2710		-00:30:27,570 ~-~-> 00:30:27,990
2711		-you know,
2712		-
2713		-679
2714		-00:30:28,560 ~-~-> 00:30:29,160
2715		-arena,
2716		-
2717		-680
2718		-00:30:30,030 ~-~-> 00:30:32,730
2719		-the participants get really, really
2720		-
2721		-681
2722		-00:30:32,760 ~-~-> 00:30:35,490
2723		-spooked. Okay? And what will happen is
2724		-
2725		-682
2726		-00:30:36,900 ~-~-> 00:30:39,750
2727		-the large institutional traders, okay,
2728		-
2729		-683
2730		-00:30:39,780 ~-~-> 00:30:41,880
2731		-many times will scale back their risk,
2732		-
2733		-684
2734		-00:30:42,690 ~-~-> 00:30:46,830
2735		-don't reduce their position sizes, or
2736		-
2737		-685
2738		-00:30:47,010 ~-~-> 00:30:49,350
2739		-their new trades, maybe they'll they
2740		-
2741		-686
2742		-00:30:49,350 ~-~-> 00:30:52,770
2743		-were going to do a large block of orders
2744		-
2745		-687
2746		-00:30:52,770 ~-~-> 00:30:55,260
2747		-to be an accumulation of a buy position.
2748		-
2749		-688
2750		-00:30:55,560 ~-~-> 00:30:57,750
2751		-Maybe they're still bullish, but because
2752		-
2753		-689
2754		-00:30:57,750 ~-~-> 00:31:02,490
2755		-of the global stance against, you know,
2756		-
2757		-690
2758		-00:31:03,180 ~-~-> 00:31:04,920
2759		-dis potential strike and the
2760		-
2761		-691
2762		-00:31:04,920 ~-~-> 00:31:07,230
2763		-implications it may have on the markets.
2764		-
2765		-692
2766		-00:31:07,530 ~-~-> 00:31:09,870
2767		-Maybe they have reduced their overall
2768		-
2769		-693
2770		-00:31:09,870 ~-~-> 00:31:11,640
2771		-exposure by saying, well, we're going to
2772		-
2773		-694
2774		-00:31:11,640 ~-~-> 00:31:13,620
2775		-buy it because we fundamentally,
2776		-
2777		-695
2778		-00:31:13,800 ~-~-> 00:31:15,450
2779		-fundamentally think it's going to go
2780		-
2781		-696
2782		-00:31:15,450 ~-~-> 00:31:19,860
2783		-higher or lower. Okay. They just scale
2784		-
2785		-697
2786		-00:31:19,860 ~-~-> 00:31:21,840
2787		-back that and that's something that you
2788		-
2789		-698
2790		-00:31:21,840 ~-~-> 00:31:23,820
2791		-should do as well. So what do I mean by
2792		-
2793		-699
2794		-00:31:23,820 ~-~-> 00:31:26,040
2795		-that? Well, I mean, number one, scale
2796		-
2797		-700
2798		-00:31:26,040 ~-~-> 00:31:28,470
2799		-back the level of trading leverage
2800		-
2801		-701
2802		-00:31:28,470 ~-~-> 00:31:30,660
2803		-you're using, because anything can
2804		-
2805		-702
2806		-00:31:30,660 ~-~-> 00:31:32,190
2807		-happen in these types of environments.
2808		-
2809		-703
2810		-00:31:32,220 ~-~-> 00:31:35,910
2811		-Okay. But what will generally you'll see
2812		-
2813		-704
2814		-00:31:35,910 ~-~-> 00:31:38,280
2815		-happening is there'll be a lot of range
2816		-
2817		-705
2818		-00:31:38,280 ~-~-> 00:31:42,660
2819		-bound trading and spiky consolidation.
2820		-
2821		-706
2822		-00:31:44,070 ~-~-> 00:31:46,530
2823		-But there's still opportunity to trade
2824		-
2825		-707
2826		-00:31:46,560 ~-~-> 00:31:47,970
2827		-in that environment. You just got to
2828		-
2829		-708
2830		-00:31:47,970 ~-~-> 00:31:52,410
2831		-lower your expectation. Slow down in
2832		-
2833		-709
2834		-00:31:52,410 ~-~-> 00:31:54,450
2835		-terms of what you expect to see in terms
2836		-
2837		-710
2838		-00:31:54,450 ~-~-> 00:31:57,510
2839		-of time, okay, and expect to spend a
2840		-
2841		-711
2842		-00:31:57,510 ~-~-> 00:32:00,330
2843		-whole lot of time in the market moves I
2844		-
2845		-712
2846		-00:32:00,360 ~-~-> 00:32:03,270
2847		-like for instance, if one was a buyer
2848		-
2849		-713
2850		-00:32:03,270 ~-~-> 00:32:06,030
2851		-here on Tuesday, you'd have to sit
2852		-
2853		-714
2854		-00:32:06,030 ~-~-> 00:32:08,010
2855		-through a long period of time before we
2856		-
2857		-715
2858		-00:32:08,010 ~-~-> 00:32:11,910
2859		-got into the New York open on this day
2860		-
2861		-716
2862		-00:32:11,910 ~-~-> 00:32:16,110
2863		-here on the September 4, before the part
2864		-
2865		-717
2866		-00:32:16,140 ~-~-> 00:32:18,090
2867		-of the price new release to the upside.
2868		-
2869		-718
2870		-00:32:18,720 ~-~-> 00:32:24,120
2871		-Now, if one was a seller, okay, you'd
2872		-
2873		-719
2874		-00:32:24,120 ~-~-> 00:32:27,810
2875		-have to rely more on these resistance
2876		-
2877		-720
2878		-00:32:27,810 ~-~-> 00:32:31,320
2879		-levels. Okay? And stick true to trading
2880		-
2881		-721
2882		-00:32:31,350 ~-~-> 00:32:35,310
2883		-only at or very close to these levels.
2884		-
2885		-722
2886		-00:32:35,820 ~-~-> 00:32:39,030
2887		-Meaning that if the market environment
2888		-
2889		-723
2890		-00:32:39,030 ~-~-> 00:32:40,950
2891		-suggests that it's a lot of uncertainty,
2892		-
2893		-724
2894		-00:32:41,250 ~-~-> 00:32:44,370
2895		-okay, there would be times where it
2896		-
2897		-725
2898		-00:32:44,370 ~-~-> 00:32:45,870
2899		-maybe the price moved up here off these
2900		-
2901		-726
2902		-00:32:45,930 ~-~-> 00:32:48,390
2903		-key resistance level and traded lower
2904		-
2905		-727
2906		-00:32:48,390 ~-~-> 00:32:50,370
2907		-and then gave a retracement and maybe I
2908		-
2909		-728
2910		-00:32:50,370 ~-~-> 00:32:52,500
2911		-would trade something away from that
2912		-
2913		-729
2914		-00:32:52,500 ~-~-> 00:32:54,930
2915		-level. Okay, I want to own more
2916		-
2917		-730
2918		-00:32:57,030 ~-~-> 00:32:59,130
2919		-calmer, global
2920		-
2921		-731
2922		-00:33:00,659 ~-~-> 00:33:02,279
2923		-arena, okay, when there wasn't so much
2924		-
2925		-732
2926		-00:33:02,279 ~-~-> 00:33:04,559
2927		-uncertainty because of potentially war
2928		-
2929		-733
2930		-00:33:04,829 ~-~-> 00:33:06,239
2931		-breaking out in the Middle East and the
2932		-
2933		-734
2934		-00:33:06,239 ~-~-> 00:33:09,059
2935		-implications that has, I would not be
2936		-
2937		-735
2938		-00:33:09,059 ~-~-> 00:33:11,249
2939		-willing to trade far away from these
2940		-
2941		-736
2942		-00:33:11,249 ~-~-> 00:33:13,409
2943		-levels and continue to move lower,
2944		-
2945		-737
2946		-00:33:13,589 ~-~-> 00:33:15,359
2947		-meaning that I would miss these little
2948		-
2949		-738
2950		-00:33:15,359 ~-~-> 00:33:17,009
2951		-small little moves in here because I
2952		-
2953		-739
2954		-00:33:17,009 ~-~-> 00:33:18,989
2955		-don't care about trading out here in
2956		-
2957		-740
2958		-00:33:18,989 ~-~-> 00:33:21,299
2959		-this open space between this level here
2960		-
2961		-741
2962		-00:33:21,299 ~-~-> 00:33:23,309
2963		-and this level here. I would be more
2964		-
2965		-742
2966		-00:33:23,309 ~-~-> 00:33:25,529
2967		-inclined to be trading at these levels.
2968		-
2969		-743
2970		-00:33:25,559 ~-~-> 00:33:27,779
2971		-Okay. And you can see when price gets
2972		-
2973		-744
2974		-00:33:27,779 ~-~-> 00:33:30,239
2975		-these levels the reaction to has okay.
2976		-
2977		-745
2978		-00:33:30,779 ~-~-> 00:33:32,549
2979		-And that's what you want to be focusing
2980		-
2981		-746
2982		-00:33:32,669 ~-~-> 00:33:37,529
2983		-focusing on the the the pact of these
2984		-
2985		-747
2986		-00:33:37,559 ~-~-> 00:33:39,239
2987		-higher level timeframe support
2988		-
2989		-748
2990		-00:33:39,239 ~-~-> 00:33:41,489
2991		-resistance levels, and applying that to
2992		-
2993		-749
2994		-00:33:41,489 ~-~-> 00:33:43,469
2995		-your trading only trading when it gets
2996		-
2997		-750
2998		-00:33:43,469 ~-~-> 00:33:46,379
2999		-to those particular levels and a
3000		-
3001		-751
3002		-00:33:46,469 ~-~-> 00:33:48,809
3003		-confluence of other supporting
3004		-
3005		-752
3006		-00:33:50,789 ~-~-> 00:33:52,949
3007		-indicators, whether it be price
3008		-
3009		-753
3010		-00:33:52,949 ~-~-> 00:33:55,109
3011		-indicators or economic indicators that
3012		-
3013		-754
3014		-00:33:55,109 ~-~-> 00:33:57,419
3015		-come around in terms of your economic
3016		-
3017		-755
3018		-00:33:57,419 ~-~-> 00:33:59,399
3019		-calendar, and Hello, have you been
3020		-
3021		-756
3022		-00:33:59,399 ~-~-> 00:34:01,559
3023		-looking at that? You should be because
3024		-
3025		-757
3026		-00:34:01,559 ~-~-> 00:34:04,409
3027		-those things are very significant terms
3028		-
3029		-758
3030		-00:34:04,409 ~-~-> 00:34:05,729
3031		-of trading. You got to know what's
3032		-
3033		-759
3034		-00:34:05,729 ~-~-> 00:34:09,689
3035		-coming down the pike guys. So let's go
3036		-
3037		-760
3038		-00:34:09,689 ~-~-> 00:34:13,319
3039		-in here and zoom in a little bit and go
3040		-
3041		-761
3042		-00:34:13,319 ~-~-> 00:34:18,479
3043		-over what had transpired here. Okay? And
3044		-
3045		-762
3046		-00:34:18,989 ~-~-> 00:34:22,499
3047		-we're going to use Friday, two Fridays
3048		-
3049		-763
3050		-00:34:22,499 ~-~-> 00:34:24,239
3051		-ago. Okay and we're going to use this
3052		-
3053		-764
3054		-00:34:24,239 ~-~-> 00:34:27,389
3055		-price point here. Okay? We have a price
3056		-
3057		-765
3058		-00:34:27,389 ~-~-> 00:34:31,079
3059		-move down smaller retracement another
3060		-
3061		-766
3062		-00:34:31,079 ~-~-> 00:34:33,839
3063		-move down. Okay and then a retracement.
3064		-
3065		-767
3066		-00:34:34,259 ~-~-> 00:34:38,939
3067		-Okay. So we had one leg, two legs and
3068		-
3069		-768
3070		-00:34:38,939 ~-~-> 00:34:42,029
3071		-then a retracement. Okay, now, another
3072		-
3073		-769
3074		-00:34:42,029 ~-~-> 00:34:44,489
3075		-retrace to this particular level here at
3076		-
3077		-770
3078		-00:34:44,489 ~-~-> 00:34:46,709
3079		-132 20 level
3080		-
3081		-771
3082		-00:34:48,090 ~-~-> 00:34:49,860
3083		-one Monday, okay.
3084		-
3085		-772
3086		-00:34:50,940 ~-~-> 00:34:53,280
3087		-We were still obviously looking for
3088		-
3089		-773
3090		-00:34:53,310 ~-~-> 00:34:55,410
3091		-selling scenario because we were
3092		-
3093		-774
3094		-00:34:55,410 ~-~-> 00:34:57,450
3095		-expecting lower prices based on a higher
3096		-
3097		-775
3098		-00:34:57,450 ~-~-> 00:35:00,000
3099		-time frame idea that we're going to find
3100		-
3101		-776
3102		-00:35:00,000 ~-~-> 00:35:00,810
3103		-rush out here.
3104		-
3105		-777
3106		-00:35:01,680 ~-~-> 00:35:02,220
3107		-But
3108		-
3109		-778
3110		-00:35:02,940 ~-~-> 00:35:05,220
3111		-we have a range high here to this range
3112		-
3113		-779
3114		-00:35:05,220 ~-~-> 00:35:11,670
3115		-low. Okay. I'm going to show you this is
3116		-
3117		-780
3118		-00:35:12,180 ~-~-> 00:35:16,890
3119		-the range here from the low to the high
3120		-
3121		-781
3122		-00:35:16,920 ~-~-> 00:35:20,280
3123		-of that previous Friday. Okay. Now why
3124		-
3125		-782
3126		-00:35:20,280 ~-~-> 00:35:21,930
3127		-am I using these price points? Okay,
3128		-
3129		-783
3130		-00:35:21,930 ~-~-> 00:35:24,150
3131		-well, whenever you start a new week, I
3132		-
3133		-784
3134		-00:35:24,150 ~-~-> 00:35:28,470
3135		-like to use discernible price swings and
3136		-
3137		-785
3138		-00:35:28,470 ~-~-> 00:35:30,000
3139		-this is discernible. It's very clear,
3140		-
3141		-786
3142		-00:35:30,030 ~-~-> 00:35:32,970
3143		-very distinct. Much in sync capacity
3144		-
3145		-787
3146		-00:35:32,970 ~-~-> 00:35:36,300
3147		-this high down to this low is okay. Now
3148		-
3149		-788
3150		-00:35:36,330 ~-~-> 00:35:38,880
3151		-you could have your level from this high
3152		-
3153		-789
3154		-00:35:38,940 ~-~-> 00:35:41,460
3155		-to this low, but I'm not expecting much
3156		-
3157		-790
3158		-00:35:41,460 ~-~-> 00:35:43,110
3159		-of a retracement because we're overall
3160		-
3161		-791
3162		-00:35:43,110 ~-~-> 00:35:45,900
3163		-expected bearish on higher timeframe. So
3164		-
3165		-792
3166		-00:35:46,320 ~-~-> 00:35:48,120
3167		-the likelihood of it retracing all the
3168		-
3169		-793
3170		-00:35:48,120 ~-~-> 00:35:50,070
3171		-way up to these levels short could but I
3172		-
3173		-794
3174		-00:35:50,070 ~-~-> 00:35:52,740
3175		-don't expect it. Okay, so I'm looking at
3176		-
3177		-795
3178		-00:35:52,740 ~-~-> 00:35:54,240
3179		-price where we moved into this
3180		-
3181		-796
3182		-00:35:54,240 ~-~-> 00:35:56,910
3183		-consolidation and we broke down. We're
3184		-
3185		-797
3186		-00:35:56,910 ~-~-> 00:35:58,020
3187		-going to come right back to that same
3188		-
3189		-798
3190		-00:35:58,020 ~-~-> 00:36:03,750
3191		-consolidation. Okay. price comes right
3192		-
3193		-799
3194		-00:36:03,750 ~-~-> 00:36:05,910
3195		-up into that 62 level and then trade it
3196		-
3197		-800
3198		-00:36:05,910 ~-~-> 00:36:09,150
3199		-off. Okay? We're going to use this same
3200		-
3201		-801
3202		-00:36:09,150 ~-~-> 00:36:12,240
3203		-high and this low here, because this is
3204		-
3205		-802
3206		-00:36:12,240 ~-~-> 00:36:15,720
3207		-a new swing a price swing from this high
3208		-
3209		-803
3210		-00:36:15,720 ~-~-> 00:36:18,480
3211		-to this low. It's a larger, more
3212		-
3213		-804
3214		-00:36:18,780 ~-~-> 00:36:21,030
3215		-dominant price swing, whereas this is a
3216		-
3217		-805
3218		-00:36:21,030 ~-~-> 00:36:22,950
3219		-small little short term price swing and
3220		-
3221		-806
3222		-00:36:22,950 ~-~-> 00:36:26,280
3223		-then a retracement. This is leg one leg
3224		-
3225		-807
3226		-00:36:26,280 ~-~-> 00:36:27,060
3227		-two together.
3228		-
3229		-808
3230		-00:36:27,270 ~-~-> 00:36:29,850
3231		-Okay, so here's leg one. And here's leg
3232		-
3233		-809
3234		-00:36:29,850 ~-~-> 00:36:30,180
3235		-two.
3236		-
3237		-810
3238		-00:36:30,959 ~-~-> 00:36:32,879
3239		-Now, if you look at the high down to
3240		-
3241		-811
3242		-00:36:32,879 ~-~-> 00:36:33,629
3243		-that low,
3244		-
3245		-812
3246		-00:36:36,060 ~-~-> 00:36:37,500
3247		-formed here on Tuesday,
3248		-
3249		-813
3250		-00:36:38,850 ~-~-> 00:36:41,370
3251		-we have this high and we have this low.
3252		-
3253		-814
3254		-00:36:43,500 ~-~-> 00:36:44,400
3255		-See what we have here.
3256		-
3257		-815
3258		-00:36:45,750 ~-~-> 00:36:47,280
3259		-Price coming up to that sweet spot.
3260		-
3261		-816
3262		-00:36:47,400 ~-~-> 00:36:50,190
3263		-Boom. Hit that right on Friday. I'm
3264		-
3265		-817
3266		-00:36:50,190 ~-~-> 00:36:50,940
3267		-sorry Thursday
3268		-
3269		-818
3270		-00:36:51,480 ~-~-> 00:36:52,230
3271		-and traded lower.
3272		-
3273		-819
3274		-00:36:54,540 ~-~-> 00:36:57,960
3275		-Moving into the low on Friday. Okay, so
3276		-
3277		-820
3278		-00:36:57,960 ~-~-> 00:37:04,320
3279		-now What was up here that caused this
3280		-
3281		-821
3282		-00:37:04,320 ~-~-> 00:37:08,640
3283		-reaction? Okay, that's one of the
3284		-
3285		-822
3286		-00:37:08,700 ~-~-> 00:37:10,860
3287		-assignments I want you to look at, go
3288		-
3289		-823
3290		-00:37:10,860 ~-~-> 00:37:14,250
3291		-over your economic calendar, go over
3292		-
3293		-824
3294		-00:37:14,790 ~-~-> 00:37:18,060
3295		-your, your charts on a five minute basis
3296		-
3297		-825
3298		-00:37:18,720 ~-~-> 00:37:21,810
3299		-on an hourly basis for hour and daily.
3300		-
3301		-826
3302		-00:37:21,930 ~-~-> 00:37:24,060
3303		-Okay, really hone in on this little area
3304		-
3305		-827
3306		-00:37:24,060 ~-~-> 00:37:25,800
3307		-right here. Okay.
3308		-
3309		-828
3310		-00:37:29,880 ~-~-> 00:37:30,540
3311		-The
3312		-
3313		-829
3314		-00:37:32,040 ~-~-> 00:37:35,310
3315		-breakdown in the fiber or your yesterday
3316		-
3317		-830
3318		-00:37:35,310 ~-~-> 00:37:38,940
3319		-as we would commonly hear it referred to
3320		-
3321		-831
3322		-00:37:38,940 ~-~-> 00:37:41,670
3323		-as this was the actual high it was
3324		-
3325		-832
3326		-00:37:41,670 ~-~-> 00:37:45,090
3327		-formed on the fiber and we traded lower.
3328		-
3329		-833
3330		-00:37:46,230 ~-~-> 00:37:48,450
3331		-And right before that price high, okay,
3332		-
3333		-834
3334		-00:37:48,480 ~-~-> 00:37:50,160
3335		-I want you to see something here. See
3336		-
3337		-835
3338		-00:37:50,160 ~-~-> 00:37:53,730
3339		-this low. Okay, let's zoom out just one
3340		-
3341		-836
3342		-00:37:53,730 ~-~-> 00:37:58,380
3343		-stage. Here's the high. Okay. Here's
3344		-
3345		-837
3346		-00:37:58,380 ~-~-> 00:37:59,820
3347		-these lows that we're just talking
3348		-
3349		-838
3350		-00:37:59,820 ~-~-> 00:38:02,190
3351		-about. The market broke those right
3352		-
3353		-839
3354		-00:38:02,190 ~-~-> 00:38:06,960
3355		-there. Okay, when we see that that's
3356		-
3357		-840
3358		-00:38:06,960 ~-~-> 00:38:08,610
3359		-generally a sign that this market wants
3360		-
3361		-841
3362		-00:38:08,610 ~-~-> 00:38:10,410
3363		-to break down much in the same way you
3364		-
3365		-842
3366		-00:38:10,410 ~-~-> 00:38:13,410
3367		-see it here. Okay, it broke the low here
3368		-
3369		-843
3370		-00:38:13,830 ~-~-> 00:38:15,870
3371		-and tried to rally up and was a false
3372		-
3373		-844
3374		-00:38:15,960 ~-~-> 00:38:18,330
3375		-swing and then gave up the ghost and
3376		-
3377		-845
3378		-00:38:18,330 ~-~-> 00:38:20,820
3379		-went lower. Well, we have that same
3380		-
3381		-846
3382		-00:38:20,820 ~-~-> 00:38:25,500
3383		-scenario here. Okay. And the reason why
3384		-
3385		-847
3386		-00:38:25,500 ~-~-> 00:38:28,440
3387		-price was expected to break down here is
3388		-
3389		-848
3390		-00:38:28,440 ~-~-> 00:38:31,110
3391		-if we go out to a daily chart real
3392		-
3393		-849
3394		-00:38:31,110 ~-~-> 00:38:37,350
3395		-quick. See this old set of highs back
3396		-
3397		-850
3398		-00:38:37,350 ~-~-> 00:38:40,710
3399		-here, price one just above that, ran to
3400		-
3401		-851
3402		-00:38:40,710 ~-~-> 00:38:43,680
3403		-the 134 50 figure, mid figure right here
3404		-
3405		-852
3406		-00:38:43,710 ~-~-> 00:38:48,240
3407		-rather and then traded lower. When we
3408		-
3409		-853
3410		-00:38:48,240 ~-~-> 00:38:50,340
3411		-had this price pattern here, these are
3412		-
3413		-854
3414		-00:38:50,400 ~-~-> 00:38:53,730
3415		-referred to as railroad tracks. Okay.
3416		-
3417		-855
3418		-00:38:54,420 ~-~-> 00:38:56,610
3419		-And I like to see these types of
3420		-
3421		-856
3422		-00:38:56,610 ~-~-> 00:38:57,990
3423		-patterns because number one, they're
3424		-
3425		-857
3426		-00:38:59,160 ~-~-> 00:39:01,080
3427		-pretty powerful. In terms of
3428		-
3429		-858
3430		-00:39:01,110 ~-~-> 00:39:03,660
3431		-prognostication, you see what happened
3432		-
3433		-859
3434		-00:39:03,660 ~-~-> 00:39:06,660
3435		-here and price gave a very nice
3436		-
3437		-860
3438		-00:39:06,870 ~-~-> 00:39:08,880
3439		-retracement here. This is very tradable.
3440		-
3441		-861
3442		-00:39:09,360 ~-~-> 00:39:10,800
3443		-Now obviously when you contrast it
3444		-
3445		-862
3446		-00:39:10,800 ~-~-> 00:39:12,240
3447		-against something like this where it
3448		-
3449		-863
3450		-00:39:12,240 ~-~-> 00:39:13,440
3451		-rallies up like this where the rally
3452		-
3453		-864
3454		-00:39:13,440 ~-~-> 00:39:15,720
3455		-here or the decline here, it doesn't
3456		-
3457		-865
3458		-00:39:15,720 ~-~-> 00:39:18,030
3459		-look so dynamic but if you were to look
3460		-
3461		-866
3462		-00:39:18,030 ~-~-> 00:39:21,870
3463		-inside that range from this high to this
3464		-
3465		-867
3466		-00:39:21,870 ~-~-> 00:39:24,810
3467		-low we're looking at 168 pips, would you
3468		-
3469		-868
3470		-00:39:24,810 ~-~-> 00:39:26,400
3471		-just throw away the opportunity to make
3472		-
3473		-869
3474		-00:39:26,400 ~-~-> 00:39:29,670
3475		-on and 68 pips? Certainly not. Or at
3476		-
3477		-870
3478		-00:39:29,670 ~-~-> 00:39:33,750
3479		-least you shouldn't. So again, dealing
3480		-
3481		-871
3482		-00:39:33,750 ~-~-> 00:39:35,400
3483		-with these daily charts, there's a lot
3484		-
3485		-872
3486		-00:39:35,400 ~-~-> 00:39:36,990
3487		-of pips, there's a lot of potential
3488		-
3489		-873
3490		-00:39:37,470 ~-~-> 00:39:39,990
3491		-setups that are available to one, if you
3492		-
3493		-874
3494		-00:39:39,990 ~-~-> 00:39:41,610
3495		-understand what you're looking for,
3496		-
3497		-875
3498		-00:39:41,730 ~-~-> 00:39:44,550
3499		-okay, because we're looking at price and
3500		-
3501		-876
3502		-00:39:44,550 ~-~-> 00:39:47,490
3503		-an old high here, when prices run up
3504		-
3505		-877
3506		-00:39:47,490 ~-~-> 00:39:50,070
3507		-through an old high, but look at look at
3508		-
3509		-878
3510		-00:39:50,100 ~-~-> 00:39:52,890
3511		-where the market came from. We come all
3512		-
3513		-879
3514		-00:39:52,890 ~-~-> 00:39:54,420
3515		-the way up this low in the beginning of
3516		-
3517		-880
3518		-00:39:54,420 ~-~-> 00:39:56,700
3519		-July, and it was basically a one sided
3520		-
3521		-881
3522		-00:39:56,700 ~-~-> 00:39:58,590
3523		-market we very had very little
3524		-
3525		-882
3526		-00:39:58,590 ~-~-> 00:40:01,020
3527		-retracements and Skip driving higher and
3528		-
3529		-883
3530		-00:40:01,020 ~-~-> 00:40:06,360
3531		-higher and higher. Now, I got a lot of
3532		-
3533		-884
3534		-00:40:07,620 ~-~-> 00:40:09,540
3535		-lines on this chart, but I'm going to
3536		-
3537		-885
3538		-00:40:09,540 ~-~-> 00:40:10,740
3539		-refrain from taking them off because I'm
3540		-
3541		-886
3542		-00:40:10,740 ~-~-> 00:40:12,930
3543		-gonna need them in a moment. But we have
3544		-
3545		-887
3546		-00:40:12,930 ~-~-> 00:40:15,060
3547		-this rally up makes a swing high, then
3548		-
3549		-888
3550		-00:40:15,060 ~-~-> 00:40:17,010
3551		-we rally up mixing those swing high and
3552		-
3553		-889
3554		-00:40:17,010 ~-~-> 00:40:18,810
3555		-we rally up makes a higher swing high.
3556		-
3557		-890
3558		-00:40:18,900 ~-~-> 00:40:22,140
3559		-Okay? Whenever you see the moves like
3560		-
3561		-891
3562		-00:40:22,140 ~-~-> 00:40:23,940
3563		-this, keep pushing Higher, higher,
3564		-
3565		-892
3566		-00:40:23,940 ~-~-> 00:40:28,260
3567		-higher into an old high. These are areas
3568		-
3569		-893
3570		-00:40:28,260 ~-~-> 00:40:30,720
3571		-of where heavy distribution is taking
3572		-
3573		-894
3574		-00:40:30,720 ~-~-> 00:40:36,960
3575		-place. Now, I learned a pattern called
3576		-
3577		-895
3578		-00:40:37,020 ~-~-> 00:40:39,450
3579		-the three Indians pattern, okay. And
3580		-
3581		-896
3582		-00:40:39,450 ~-~-> 00:40:42,000
3583		-it's basically like a three drive
3584		-
3585		-897
3586		-00:40:42,540 ~-~-> 00:40:44,340
3587		-pattern where you got one high and
3588		-
3589		-898
3590		-00:40:44,370 ~-~-> 00:40:48,000
3591		-higher high and another high, okay. It's
3592		-
3593		-899
3594		-00:40:48,000 ~-~-> 00:40:49,770
3595		-a very common pattern. It's been around
3596		-
3597		-900
3598		-00:40:49,770 ~-~-> 00:40:52,200
3599		-forever and I can't remember who really
3600		-
3601		-901
3602		-00:40:52,200 ~-~-> 00:40:54,540
3603		-originated it. Larry Williams did some
3604		-
3605		-902
3606		-00:40:54,570 ~-~-> 00:40:57,120
3607		-discussion on it. But I always just
3608		-
3609		-903
3610		-00:40:57,120 ~-~-> 00:40:59,130
3611		-revert back to just you know, the street
3612		-
3613		-904
3614		-00:40:59,130 ~-~-> 00:40:59,820
3615		-smarts book.
3616		-
3617		-905
3618		-00:41:01,589 ~-~-> 00:41:04,379
3619		-Linda and Larry. And you can just google
3620		-
3621		-906
3622		-00:41:04,379 ~-~-> 00:41:06,839
3623		-them up on the internet again, books
3624		-
3625		-907
3626		-00:41:06,839 ~-~-> 00:41:09,389
3627		-street smarts. In the pattern here
3628		-
3629		-908
3630		-00:41:09,389 ~-~-> 00:41:11,339
3631		-you're seeing is the three Indians
3632		-
3633		-909
3634		-00:41:11,339 ~-~-> 00:41:13,559
3635		-pattern. It's a climax reversal pattern,
3636		-
3637		-910
3638		-00:41:13,739 ~-~-> 00:41:16,979
3639		-meaning that the price is driven up to
3640		-
3641		-911
3642		-00:41:16,979 ~-~-> 00:41:18,929
3643		-an extreme and generally it's just rate
3644		-
3645		-912
3646		-00:41:18,929 ~-~-> 00:41:21,149
3647		-above an old high or into an old high.
3648		-
3649		-913
3650		-00:41:21,539 ~-~-> 00:41:22,649
3651		-And then you can reasonably expect to
3652		-
3653		-914
3654		-00:41:22,649 ~-~-> 00:41:25,109
3655		-see price the trade off. Now, I'm not
3656		-
3657		-915
3658		-00:41:25,109 ~-~-> 00:41:27,149
3659		-suggesting Please don't take this as
3660		-
3661		-916
3662		-00:41:27,149 ~-~-> 00:41:29,279
3663		-this is the high of the euro and it's
3664		-
3665		-917
3666		-00:41:29,279 ~-~-> 00:41:30,869
3667		-going to go down to hell, okay, that's
3668		-
3669		-918
3670		-00:41:30,869 ~-~-> 00:41:33,149
3671		-not what I'm saying here. Okay. What I'm
3672		-
3673		-919
3674		-00:41:33,149 ~-~-> 00:41:34,949
3675		-saying is it's giving you a tradable
3676		-
3677		-920
3678		-00:41:34,979 ~-~-> 00:41:37,289
3679		-reaction. That's sizable, okay. And
3680		-
3681		-921
3682		-00:41:37,289 ~-~-> 00:41:38,519
3683		-we're going to talk about where we would
3684		-
3685		-922
3686		-00:41:38,519 ~-~-> 00:41:39,539
3687		-be reasonably expected to see this
3688		-
3689		-923
3690		-00:41:39,539 ~-~-> 00:41:42,239
3691		-market go lower. Okay, based on this
3692		-
3693		-924
3694		-00:41:42,299 ~-~-> 00:41:45,059
3695		-understanding here, but looking at this
3696		-
3697		-925
3698		-00:41:45,059 ~-~-> 00:41:47,189
3699		-high here, when we ran through that and
3700		-
3701		-926
3702		-00:41:47,189 ~-~-> 00:41:49,109
3703		-gave up the ghost on that candle right
3704		-
3705		-927
3706		-00:41:49,109 ~-~-> 00:41:52,499
3707		-there, that was the fate sealer for me,
3708		-
3709		-928
3710		-00:41:52,919 ~-~-> 00:41:54,629
3711		-that we're probably looking to see this
3712		-
3713		-929
3714		-00:41:54,629 ~-~-> 00:41:56,819
3715		-market blow out and go lower and then
3716		-
3717		-930
3718		-00:41:56,819 ~-~-> 00:41:59,459
3719		-when the next candle here took out the
3720		-
3721		-931
3722		-00:41:59,459 ~-~-> 00:42:02,609
3723		-lows Prior to that rally, okay that
3724		-
3725		-932
3726		-00:42:02,609 ~-~-> 00:42:04,079
3727		-right there is a break in market
3728		-
3729		-933
3730		-00:42:04,079 ~-~-> 00:42:07,349
3731		-structure that right there suggests that
3732		-
3733		-934
3734		-00:42:07,349 ~-~-> 00:42:09,359
3735		-this market is now poised to trade
3736		-
3737		-935
3738		-00:42:09,359 ~-~-> 00:42:12,029
3739		-lower. So any rallies from this point on
3740		-
3741		-936
3742		-00:42:12,269 ~-~-> 00:42:13,979
3743		-should be suspect in other words you
3744		-
3745		-937
3746		-00:42:13,979 ~-~-> 00:42:17,279
3747		-selling Are you selling into them as a
3748		-
3749		-938
3750		-00:42:17,309 ~-~-> 00:42:19,889
3751		-mode of trading, so don't be buying into
3752		-
3753		-939
3754		-00:42:19,889 ~-~-> 00:42:21,629
3755		-it expecting to keep going higher now
3756		-
3757		-940
3758		-00:42:21,809 ~-~-> 00:42:23,729
3759		-will eventually sometimes do that
3760		-
3761		-941
3762		-00:42:23,729 ~-~-> 00:42:25,679
3763		-certainly will. Okay because I'm not
3764		-
3765		-942
3766		-00:42:25,679 ~-~-> 00:42:28,139
3767		-100% but by far and large when you see
3768		-
3769		-943
3770		-00:42:28,139 ~-~-> 00:42:29,879
3771		-these types of events happen, it does
3772		-
3773		-944
3774		-00:42:29,879 ~-~-> 00:42:31,169
3775		-give you an opportunity to trade short.
3776		-
3777		-945
3778		-00:42:32,279 ~-~-> 00:42:35,039
3779		-Just go back down to a 15 minute
3780		-
3781		-946
3782		-00:42:35,039 ~-~-> 00:42:35,609
3783		-timeframe.
3784		-
3785		-947
3786		-00:42:43,590 ~-~-> 00:42:45,360
3787		-Okay, and here's that hi here we were
3788		-
3789		-948
3790		-00:42:45,360 ~-~-> 00:42:46,890
3791		-just discussing and when it broke down
3792		-
3793		-949
3794		-00:42:49,110 ~-~-> 00:42:53,580
3795		-we see the break below the low prior to
3796		-
3797		-950
3798		-00:42:53,580 ~-~-> 00:42:56,130
3799		-that last rally up. Okay. So now here
3800		-
3801		-951
3802		-00:42:56,160 ~-~-> 00:42:57,990
3803		-what we have is we have the range high
3804		-
3805		-952
3806		-00:42:58,530 ~-~-> 00:43:01,470
3807		-to the low once these lows were taken
3808		-
3809		-953
3810		-00:43:01,470 ~-~-> 00:43:03,300
3811		-out, we have a shift in market
3812		-
3813		-954
3814		-00:43:03,300 ~-~-> 00:43:05,340
3815		-structure. Now what does that mean?
3816		-
3817		-955
3818		-00:43:05,430 ~-~-> 00:43:09,090
3819		-Well, it means that we have a low, too
3820		-
3821		-956
3822		-00:43:09,090 ~-~-> 00:43:12,240
3823		-high, a low, too high, then we have a
3824		-
3825		-957
3826		-00:43:12,240 ~-~-> 00:43:15,660
3827		-lower low prior to that rally. So we
3828		-
3829		-958
3830		-00:43:15,660 ~-~-> 00:43:19,530
3831		-have a break in what would be considered
3832		-
3833		-959
3834		-00:43:19,620 ~-~-> 00:43:22,980
3835		-market bullishness breaking down, okay?
3836		-
3837		-960
3838		-00:43:24,180 ~-~-> 00:43:26,070
3839		-Again, because I'm not a fan of support
3840		-
3841		-961
3842		-00:43:26,070 ~-~-> 00:43:29,700
3843		-resistance, I'm not going to draw. I'm
3844		-
3845		-962
3846		-00:43:29,700 ~-~-> 00:43:32,220
3847		-sorry, I shouldn't say very, very large
3848		-
3849		-963
3850		-00:43:32,250 ~-~-> 00:43:33,750
3851		-fan support resistance. I'm just not a
3852		-
3853		-964
3854		-00:43:33,990 ~-~-> 00:43:36,390
3855		-fan of diagonal support resistance in
3856		-
3857		-965
3858		-00:43:36,390 ~-~-> 00:43:38,610
3859		-the form of like trend lines. But if one
3860		-
3861		-966
3862		-00:43:38,610 ~-~-> 00:43:40,770
3863		-was to draw a trend line like this,
3864		-
3865		-967
3866		-00:43:41,010 ~-~-> 00:43:43,470
3867		-okay, one could say okay, well here we
3868		-
3869		-968
3870		-00:43:43,470 ~-~-> 00:43:45,030
3871		-have a price point here we have a price
3872		-
3873		-969
3874		-00:43:45,030 ~-~-> 00:43:47,460
3875		-point here. trend line breaks Here comes
3876		-
3877		-970
3878		-00:43:47,460 ~-~-> 00:43:49,080
3879		-up, retest goes through it just a little
3880		-
3881		-971
3882		-00:43:49,080 ~-~-> 00:43:51,180
3883		-bit and it falls off. That's all fine
3884		-
3885		-972
3886		-00:43:51,180 ~-~-> 00:43:52,980
3887		-and great. Okay, but I've seen many
3888		-
3889		-973
3890		-00:43:52,980 ~-~-> 00:43:54,300
3891		-times where these types of scenarios
3892		-
3893		-974
3894		-00:43:54,300 ~-~-> 00:43:56,130
3895		-don't even have any impact whatsoever.
3896		-
3897		-975
3898		-00:43:56,130 ~-~-> 00:43:58,980
3899		-It's blows on through, okay, so again,
3900		-
3901		-976
3902		-00:43:59,070 ~-~-> 00:44:01,200
3903		-if you try trend lines go right ahead
3904		-
3905		-977
3906		-00:44:01,200 ~-~-> 00:44:02,910
3907		-and use them. I'm not trying to
3908		-
3909		-978
3910		-00:44:02,910 ~-~-> 00:44:04,800
3911		-disparage those that do. I'm just
3912		-
3913		-979
3914		-00:44:04,800 ~-~-> 00:44:05,850
3915		-telling you, if you're looking for trend
3916		-
3917		-980
3918		-00:44:05,850 ~-~-> 00:44:07,410
3919		-lines down the diagonal support
3920		-
3921		-981
3922		-00:44:07,410 ~-~-> 00:44:09,780
3923		-resistance basis with me, you're not
3924		-
3925		-982
3926		-00:44:09,780 ~-~-> 00:44:11,130
3927		-going to find it. There's going to be
3928		-
3929		-983
3930		-00:44:11,340 ~-~-> 00:44:15,450
3931		-you know, a drought because I don't I
3932		-
3933		-984
3934		-00:44:15,450 ~-~-> 00:44:17,490
3935		-don't work with that. So we have this
3936		-
3937		-985
3938		-00:44:17,520 ~-~-> 00:44:20,460
3939		-range here this high and this low. Okay.
3940		-
3941		-986
3942		-00:44:20,910 ~-~-> 00:44:24,180
3943		-And as price rallies on up in here,
3944		-
3945		-987
3946		-00:44:24,330 ~-~-> 00:44:25,830
3947		-price goes right up to that sweet spot.
3948		-
3949		-988
3950		-00:44:25,920 ~-~-> 00:44:30,600
3951		-Okay, as your 70.5 level, unique to ICT.
3952		-
3953		-989
3954		-00:44:31,110 ~-~-> 00:44:34,050
3955		-So here we have price reacting very
3956		-
3957		-990
3958		-00:44:34,050 ~-~-> 00:44:37,380
3959		-nicely. And then coming down, giving you
3960		-
3961		-991
3962		-00:44:37,380 ~-~-> 00:44:39,210
3963		-several opportunities trading off that
3964		-
3965		-992
3966		-00:44:39,210 ~-~-> 00:44:41,790
3967		-62% retracement level see that price is
3968		-
3969		-993
3970		-00:44:41,790 ~-~-> 00:44:44,730
3971		-having a very strong resistance around
3972		-
3973		-994
3974		-00:44:44,730 ~-~-> 00:44:47,670
3975		-that price point. Okay. All of a sudden
3976		-
3977		-995
3978		-00:44:47,670 ~-~-> 00:44:50,190
3979		-the market breaks down again. Okay, and
3980		-
3981		-996
3982		-00:44:50,190 ~-~-> 00:44:53,010
3983		-we start taking out the lows here and
3984		-
3985		-997
3986		-00:44:53,040 ~-~-> 00:44:56,220
3987		-this low here when that thing gives us
3988		-
3989		-998
3990		-00:44:56,220 ~-~-> 00:44:57,960
3991		-all you know it's all over with and you
3992		-
3993		-999
3994		-00:44:57,960 ~-~-> 00:44:59,580
3995		-can see that happening here. The market
3996		-
3997		-1000
3998		-00:44:59,580 ~-~-> 00:45:01,740
3999		-participants derive it lower and then
4000		-
4001		-1001
4002		-00:45:01,740 ~-~-> 00:45:03,990
4003		-just didn't have any momentum whatsoever
4004		-
4005		-1002
4006		-00:45:03,990 ~-~-> 00:45:07,350
4007		-in terms of trying to come back and we
4008		-
4009		-1003
4010		-00:45:07,350 ~-~-> 00:45:11,280
4011		-move lower and lower lower. So now once
4012		-
4013		-1004
4014		-00:45:11,280 ~-~-> 00:45:12,600
4015		-we have this break and Mark structure
4016		-
4017		-1005
4018		-00:45:12,600 ~-~-> 00:45:15,990
4019		-and price rallies up here, okay? what we
4020		-
4021		-1006
4022		-00:45:15,990 ~-~-> 00:45:19,650
4023		-will be doing is looking for areas of
4024		-
4025		-1007
4026		-00:45:19,680 ~-~-> 00:45:21,540
4027		-resistance or support breaking then
4028		-
4029		-1008
4030		-00:45:21,540 ~-~-> 00:45:23,400
4031		-turning resistance where we would time
4032		-
4033		-1009
4034		-00:45:23,670 ~-~-> 00:45:27,660
4035		-shorts. Okay, we time shorts. Now let's
4036		-
4037		-1010
4038		-00:45:27,660 ~-~-> 00:45:32,880
4039		-add a couple examples here. But we're
4040		-
4041		-1011
4042		-00:45:32,880 ~-~-> 00:45:35,130
4043		-going to apply Okay, we're going to
4044		-
4045		-1012
4046		-00:45:35,130 ~-~-> 00:45:39,450
4047		-apply some let's go back to the vertical
4048		-
4049		-1013
4050		-00:45:39,450 ~-~-> 00:45:42,930
4051		-lines here because we're gonna imply the
4052		-
4053		-1014
4054		-00:45:42,960 ~-~-> 00:45:45,360
4055		-week phenomenon that we like to look for
4056		-
4057		-1015
4058		-00:45:45,840 ~-~-> 00:45:47,820
4059		-Tuesday and or Wednesday, forming the
4060		-
4061		-1016
4062		-00:45:47,820 ~-~-> 00:45:49,650
4063		-high the week and you see that happening
4064		-
4065		-1017
4066		-00:45:49,650 ~-~-> 00:45:52,890
4067		-here. Okay, but as price rallied up,
4068		-
4069		-1018
4070		-00:45:53,760 ~-~-> 00:45:57,000
4071		-this is a suspect rally. Why? Because we
4072		-
4073		-1019
4074		-00:45:57,000 ~-~-> 00:45:59,010
4075		-had already broken down based on this
4076		-
4077		-1020
4078		-00:45:59,010 ~-~-> 00:46:05,070
4079		-low uniform Lower on these lows here
4080		-
4081		-1021
4082		-00:46:05,070 ~-~-> 00:46:08,520
4083		-taken out. And the rally up is suspect
4084		-
4085		-1022
4086		-00:46:08,550 ~-~-> 00:46:10,620
4087		-when we start to break lower. We had
4088		-
4089		-1023
4090		-00:46:10,620 ~-~-> 00:46:11,700
4091		-these lows taken out,
4092		-
4093		-1024
4094		-00:46:13,019 ~-~-> 00:46:13,799
4095		-rallies up.
4096		-
4097		-1025
4098		-00:46:15,870 ~-~-> 00:46:17,550
4099		-Now we have a new range, we have this
4100		-
4101		-1026
4102		-00:46:17,550 ~-~-> 00:46:22,320
4103		-high, down to this low. See that? Now
4104		-
4105		-1027
4106		-00:46:22,320 ~-~-> 00:46:24,000
4107		-look at what's happening here, prices
4108		-
4109		-1028
4110		-00:46:24,000 ~-~-> 00:46:28,500
4111		-working within. Here's your 79% 70 and a
4112		-
4113		-1029
4114		-00:46:28,500 ~-~-> 00:46:32,460
4115		-half percent and 60%. All this time
4116		-
4117		-1030
4118		-00:46:32,460 ~-~-> 00:46:34,530
4119		-price spent in that small little
4120		-
4121		-1031
4122		-00:46:34,530 ~-~-> 00:46:36,630
4123		-consolidation, and then price broke
4124		-
4125		-1032
4126		-00:46:36,630 ~-~-> 00:46:39,900
4127		-down, came back up, broke down, came
4128		-
4129		-1033
4130		-00:46:39,900 ~-~-> 00:46:42,720
4131		-back up, broke down, came back up, broke
4132		-
4133		-1034
4134		-00:46:42,720 ~-~-> 00:46:45,930
4135		-down. Okay. Again, we're looking at a 15
4136		-
4137		-1035
4138		-00:46:45,930 ~-~-> 00:46:49,560
4139		-minute time frame. Now, you could frame
4140		-
4141		-1036
4142		-00:46:49,560 ~-~-> 00:46:52,080
4143		-trades on that. Or if you really want to
4144		-
4145		-1037
4146		-00:46:52,080 ~-~-> 00:46:55,470
4147		-reduce risk, okay, you can zero in and
4148		-
4149		-1038
4150		-00:46:55,470 ~-~-> 00:46:58,560
4151		-go lower to a five minute chart. Okay,
4152		-
4153		-1039
4154		-00:46:58,560 ~-~-> 00:46:59,340
4155		-and we're going to do that now. We're
4156		-
4157		-1040
4158		-00:46:59,340 ~-~-> 00:47:00,960
4159		-going to work within The week of the
4160		-
4161		-1041
4162		-00:47:01,140 ~-~-> 00:47:06,570
4163		-seven, what is that 24th and the 30th.
4164		-
4165		-1042
4166		-00:47:06,600 ~-~-> 00:47:11,160
4167		-So it's going down to a five minute. And
4168		-
4169		-1043
4170		-00:47:11,160 ~-~-> 00:47:12,510
4171		-this is where price was consolidating
4172		-
4173		-1044
4174		-00:47:12,510 ~-~-> 00:47:15,630
4175		-all around that area. And price breaks
4176		-
4177		-1045
4178		-00:47:15,630 ~-~-> 00:47:18,750
4179		-down here now rallies up. We have hold
4180		-
4181		-1046
4182		-00:47:18,750 ~-~-> 00:47:20,460
4183		-high here. We have old high here and old
4184		-
4185		-1047
4186		-00:47:20,460 ~-~-> 00:47:24,030
4187		-high here. Watch what we do here. We're
4188		-
4189		-1048
4190		-00:47:24,030 ~-~-> 00:47:26,820
4191		-going to use this high here. This is
4192		-
4193		-1049
4194		-00:47:26,820 ~-~-> 00:47:30,330
4195		-seven GMT is essentially the beginning
4196		-
4197		-1050
4198		-00:47:30,930 ~-~-> 00:47:33,900
4199		-of the European session. And we're going
4200		-
4201		-1051
4202		-00:47:33,900 ~-~-> 00:47:35,340
4203		-to pull it down to the low prior to that
4204		-
4205		-1052
4206		-00:47:35,340 ~-~-> 00:47:37,890
4207		-rally up, goes right to the sweet spot.
4208		-
4209		-1053
4210		-00:47:37,920 ~-~-> 00:47:41,040
4211		-And this candle comes in at 1300 GMT.
4212		-
4213		-1054
4214		-00:47:41,040 ~-~-> 00:47:43,050
4215		-That's New York open. Remember, we were
4216		-
4217		-1055
4218		-00:47:43,050 ~-~-> 00:47:45,930
4219		-talking about how in the previous
4220		-
4221		-1056
4222		-00:47:45,930 ~-~-> 00:47:50,670
4223		-episodes where we could see specific
4224		-
4225		-1057
4226		-00:47:50,670 ~-~-> 00:47:53,610
4227		-price moves unfold in the two largest
4228		-
4229		-1058
4230		-00:47:54,540 ~-~-> 00:47:55,920
4231		-trading sessions that being one and
4232		-
4233		-1059
4234		-00:47:55,920 ~-~-> 00:47:57,690
4235		-open. In New York open those two
4236		-
4237		-1060
4238		-00:47:57,720 ~-~-> 00:48:00,540
4239		-sessions overlap but unified Normally
4240		-
4241		-1061
4242		-00:48:00,540 ~-~-> 00:48:03,300
4243		-inside of individual London and New
4244		-
4245		-1062
4246		-00:48:03,300 ~-~-> 00:48:05,280
4247		-York, there are particular price swings
4248		-
4249		-1063
4250		-00:48:05,460 ~-~-> 00:48:06,960
4251		-that take place and we're gonna discuss
4252		-
4253		-1064
4254		-00:48:06,960 ~-~-> 00:48:09,630
4255		-that later on in this video. But here's
4256		-
4257		-1065
4258		-00:48:09,630 ~-~-> 00:48:12,540
4259		-an opportunity. One could get short one,
4260		-
4261		-1066
4262		-00:48:13,020 ~-~-> 00:48:14,580
4263		-trading off of this resistance level
4264		-
4265		-1067
4266		-00:48:14,580 ~-~-> 00:48:16,950
4267		-that was noted in advance, trades down
4268		-
4269		-1068
4270		-00:48:16,980 ~-~-> 00:48:18,600
4271		-off, bounce off this support. Now notice
4272		-
4273		-1069
4274		-00:48:18,600 ~-~-> 00:48:20,130
4275		-how price sweeps it's the below it a
4276		-
4277		-1070
4278		-00:48:20,130 ~-~-> 00:48:23,580
4279		-little bit, okay, and then reacts when
4280		-
4281		-1071
4282		-00:48:23,580 ~-~-> 00:48:26,700
4283		-it bounces here, okay? Not only is it
4284		-
4285		-1072
4286		-00:48:26,700 ~-~-> 00:48:29,490
4287		-bouncing here to give you a rally to
4288		-
4289		-1073
4290		-00:48:29,490 ~-~-> 00:48:32,700
4291		-sell into, but if you're a scalper Okay,
4292		-
4293		-1074
4294		-00:48:32,850 ~-~-> 00:48:35,940
4295		-if you're a scalper see this low here.
4296		-
4297		-1075
4298		-00:48:36,450 ~-~-> 00:48:39,180
4299		-It rallies on up and spends a lot of
4300		-
4301		-1076
4302		-00:48:39,180 ~-~-> 00:48:42,150
4303		-time in here. Okay, let's look at how
4304		-
4305		-1077
4306		-00:48:42,150 ~-~-> 00:48:46,500
4307		-much of a bounce that took place. We're
4308		-
4309		-1078
4310		-00:48:46,500 ~-~-> 00:48:50,430
4311		-looking at about 35 pips or so of a
4312		-
4313		-1079
4314		-00:48:50,430 ~-~-> 00:48:52,980
4315		-bounce. So if you're a scalper, here's
4316		-
4317		-1080
4318		-00:48:52,980 ~-~-> 00:48:54,450
4319		-your higher time frame support level.
4320		-
4321		-1081
4322		-00:48:55,920 ~-~-> 00:48:58,080
4323		-You have an old low back here, this
4324		-
4325		-1082
4326		-00:48:58,080 ~-~-> 00:49:02,130
4327		-rally and then dips down, okay, it goes
4328		-
4329		-1083
4330		-00:49:02,130 ~-~-> 00:49:04,020
4331		-back to this same little consolidation.
4332		-
4333		-1084
4334		-00:49:04,620 ~-~-> 00:49:08,790
4335		-market participants are gonna be really
4336		-
4337		-1085
4338		-00:49:08,790 ~-~-> 00:49:11,910
4339		-sensitive to this area of interest in
4340		-
4341		-1086
4342		-00:49:11,910 ~-~-> 00:49:15,180
4343		-terms of price data. When price moves
4344		-
4345		-1087
4346		-00:49:15,210 ~-~-> 00:49:17,220
4347		-out of a consolidation and it eventually
4348		-
4349		-1088
4350		-00:49:17,220 ~-~-> 00:49:18,750
4351		-comes back down to it, it's reasonable
4352		-
4353		-1089
4354		-00:49:18,750 ~-~-> 00:49:20,430
4355		-to expect another reaction now, it
4356		-
4357		-1090
4358		-00:49:20,430 ~-~-> 00:49:21,900
4359		-doesn't mean it's going to go right to
4360		-
4361		-1091
4362		-00:49:21,900 ~-~-> 00:49:24,480
4363		-the moon. Okay, but if you are bearish
4364		-
4365		-1092
4366		-00:49:24,720 ~-~-> 00:49:27,450
4367		-and if you're a scalper on a short term
4368		-
4369		-1093
4370		-00:49:27,450 ~-~-> 00:49:29,430
4371		-you could buy into this and if you're
4372		-
4373		-1094
4374		-00:49:29,430 ~-~-> 00:49:31,140
4375		-really nimble, and I'm not suggesting
4376		-
4377		-1095
4378		-00:49:31,170 ~-~-> 00:49:34,440
4379		-you try to be, but one could do what
4380		-
4381		-1096
4382		-00:49:34,440 ~-~-> 00:49:36,420
4383		-I've done very little of in my trading
4384		-
4385		-1097
4386		-00:49:36,420 ~-~-> 00:49:38,070
4387		-history, but I knew a few guys that are
4388		-
4389		-1098
4390		-00:49:38,070 ~-~-> 00:49:40,530
4391		-very nimble like this, they'll buy this
4392		-
4393		-1099
4394		-00:49:40,530 ~-~-> 00:49:42,510
4395		-then go short on a reversal and then
4396		-
4397		-1100
4398		-00:49:42,510 ~-~-> 00:49:44,730
4399		-ride the other way down. I'm not that
4400		-
4401		-1101
4402		-00:49:44,730 ~-~-> 00:49:46,740
4403		-good. I'm not claiming to be that good,
4404		-
4405		-1102
4406		-00:49:46,740 ~-~-> 00:49:49,860
4407		-but I have seen it done. A couple years
4408		-
4409		-1103
4410		-00:49:49,860 ~-~-> 00:49:53,280
4411		-ago, I was on a website forum shared a
4412		-
4413		-1104
4414		-00:49:53,310 ~-~-> 00:49:56,610
4415		-live example of me doing that very thing
4416		-
4417		-1105
4418		-00:49:56,670 ~-~-> 00:50:00,510
4419		-and a reversal in a time Kinda like
4420		-
4421		-1106
4422		-00:50:00,510 ~-~-> 00:50:01,620
4423		-excited a lot of folks that were
4424		-
4425		-1107
4426		-00:50:01,620 ~-~-> 00:50:04,050
4427		-actually watching it live. But I can
4428		-
4429		-1108
4430		-00:50:04,050 ~-~-> 00:50:05,250
4431		-assure you, that doesn't happen all the
4432		-
4433		-1109
4434		-00:50:05,250 ~-~-> 00:50:07,080
4435		-time. And I just happen to be lucky on
4436		-
4437		-1110
4438		-00:50:07,080 ~-~-> 00:50:09,420
4439		-this one few rare instances where
4440		-
4441		-1111
4442		-00:50:10,440 ~-~-> 00:50:13,800
4443		-witnesses were, were present. So here's
4444		-
4445		-1112
4446		-00:50:13,800 ~-~-> 00:50:15,600
4447		-an opportunity to be a seller here, and
4448		-
4449		-1113
4450		-00:50:16,620 ~-~-> 00:50:18,780
4451		-that was on a Wednesday, okay, and we
4452		-
4453		-1114
4454		-00:50:18,810 ~-~-> 00:50:21,180
4455		-looking for the market move lower into
4456		-
4457		-1115
4458		-00:50:21,900 ~-~-> 00:50:25,320
4459		-Friday, because the overall bears tone
4460		-
4461		-1116
4462		-00:50:25,830 ~-~-> 00:50:29,550
4463		-sets that that stage up, we have a
4464		-
4465		-1117
4466		-00:50:29,550 ~-~-> 00:50:31,410
4467		-resistance level here, prices unable to
4468		-
4469		-1118
4470		-00:50:31,410 ~-~-> 00:50:33,960
4471		-go higher. Okay, trades lower, and it
4472		-
4473		-1119
4474		-00:50:33,960 ~-~-> 00:50:35,310
4475		-starts to rally up. So what would you
4476		-
4477		-1120
4478		-00:50:35,310 ~-~-> 00:50:37,290
4479		-think would be here, if you pull your
4480		-
4481		-1121
4482		-00:50:37,290 ~-~-> 00:50:39,690
4483		-fib, you got to use this high not here,
4484		-
4485		-1122
4486		-00:50:40,140 ~-~-> 00:50:42,300
4487		-use the highest high round that level.
4488		-
4489		-1123
4490		-00:50:42,600 ~-~-> 00:50:46,320
4491		-So here's a high and again, we're really
4492		-
4493		-1124
4494		-00:50:46,770 ~-~-> 00:50:48,810
4495		-splitting hairs with this in terms of
4496		-
4497		-1125
4498		-00:50:48,840 ~-~-> 00:50:51,150
4499		-the five minute chart, but you can see
4500		-
4501		-1126
4502		-00:50:51,150 ~-~-> 00:50:55,890
4503		-that it does give some quality setups
4504		-
4505		-1127
4506		-00:50:55,890 ~-~-> 00:50:57,420
4507		-and again, if you look at this, this is
4508		-
4509		-1128
4510		-00:50:57,420 ~-~-> 00:50:59,220
4511		-your optimal trade entry and you'll have
4512		-
4513		-1129
4514		-00:50:59,220 ~-~-> 00:51:00,690
4515		-to zoom in on your own Because I'm not
4516		-
4517		-1130
4518		-00:51:00,690 ~-~-> 00:51:03,000
4519		-going to do that here. I guess if I
4520		-
4521		-1131
4522		-00:51:03,000 ~-~-> 00:51:04,560
4523		-moved out this way a little bit, you'll
4524		-
4525		-1132
4526		-00:51:04,560 ~-~-> 00:51:05,520
4527		-see it a little bit better.
4528		-
4529		-1133
4530		-00:51:06,870 ~-~-> 00:51:11,640
4531		-Yeah 60 to 70 and a half and 79% is the
4532		-
4533		-1134
4534		-00:51:11,640 ~-~-> 00:51:14,070
4535		-actual height of the candle. And that
4536		-
4537		-1135
4538		-00:51:14,070 ~-~-> 00:51:17,850
4539		-happens to be around the asian session.
4540		-
4541		-1136
4542		-00:51:18,360 ~-~-> 00:51:20,160
4543		-So you could actually call very nice
4544		-
4545		-1137
4546		-00:51:20,160 ~-~-> 00:51:21,420
4547		-move in the asian session, which we're
4548		-
4549		-1138
4550		-00:51:21,420 ~-~-> 00:51:22,890
4551		-not gonna be talking too much about in
4552		-
4553		-1139
4554		-00:51:22,890 ~-~-> 00:51:26,220
4555		-this video series. really rely more on
4556		-
4557		-1140
4558		-00:51:26,220 ~-~-> 00:51:28,800
4559		-the London opening new york open
4560		-
4561		-1141
4562		-00:51:29,850 ~-~-> 00:51:30,480
4563		-sessions.
4564		-
4565		-1142
4566		-00:51:31,620 ~-~-> 00:51:37,020
4567		-We have a high here it 840 GMT and
4568		-
4569		-1143
4570		-00:51:37,020 ~-~-> 00:51:41,460
4571		-another high here at 1220. So we have a
4572		-
4573		-1144
4574		-00:51:41,970 ~-~-> 00:51:45,000
4575		-London open swing high and we have a new
4576		-
4577		-1145
4578		-00:51:45,000 ~-~-> 00:51:47,010
4579		-york open swing high and the overall
4580		-
4581		-1146
4582		-00:51:47,010 ~-~-> 00:51:50,070
4583		-bearishness is again focused on because
4584		-
4585		-1147
4586		-00:51:50,070 ~-~-> 00:51:53,760
4587		-it's higher timeframe. Any rallies you
4588		-
4589		-1148
4590		-00:51:53,760 ~-~-> 00:51:56,880
4591		-look to sell so here's a high to a low
4592		-
4593		-1149
4594		-00:52:00,360 ~-~-> 00:52:02,190
4595		-Put that on that low where it belongs.
4596		-
4597		-1150
4598		-00:52:03,390 ~-~-> 00:52:09,750
4599		-And price trades right up into the sweet
4600		-
4601		-1151
4602		-00:52:09,750 ~-~-> 00:52:12,960
4603		-spot which is confirmed confluence of
4604		-
4605		-1152
4606		-00:52:13,350 ~-~-> 00:52:15,390
4607		-factors here we have a higher level
4608		-
4609		-1153
4610		-00:52:15,390 ~-~-> 00:52:17,460
4611		-timeframe support resistance level, that
4612		-
4613		-1154
4614		-00:52:17,460 ~-~-> 00:52:20,760
4615		-132 67 level ish, you can go around, you
4616		-
4617		-1155
4618		-00:52:20,760 ~-~-> 00:52:24,420
4619		-can round that to 132 70 or 132 60 small
4620		-
4621		-1156
4622		-00:52:24,420 ~-~-> 00:52:27,480
4623		-round number and time of day that occurs
4624		-
4625		-1157
4626		-00:52:27,480 ~-~-> 00:52:31,140
4627		-it's 1215 and that's the New York open
4628		-
4629		-1158
4630		-00:52:31,470 ~-~-> 00:52:32,940
4631		-and then price moves lower,
4632		-
4633		-1159
4634		-00:52:33,300 ~-~-> 00:52:34,170
4635		-respectively.
4636		-
4637		-1160
4638		-00:52:35,880 ~-~-> 00:52:36,750
4639		-Then we have
4640		-
4641		-1161
4642		-00:52:39,630 ~-~-> 00:52:43,410
4643		-again, price trading at this 132 39.
4644		-
4645		-1162
4646		-00:52:43,410 ~-~-> 00:52:45,870
4647		-Well, it's called 139. I'm sorry, 130 to
4648		-
4649		-1163
4650		-00:52:45,870 ~-~-> 00:52:48,930
4651		-440 level it was round to a nice round
4652		-
4653		-1164
4654		-00:52:48,930 ~-~-> 00:52:51,540
4655		-number. We have this range here trading
4656		-
4657		-1165
4658		-00:52:51,540 ~-~-> 00:52:53,550
4659		-off of this resistance down to this
4660		-
4661		-1166
4662		-00:52:53,550 ~-~-> 00:52:54,570
4663		-resistance and then there's a
4664		-
4665		-1167
4666		-00:52:54,570 ~-~-> 00:52:59,310
4667		-retracement. Okay and pulling that
4668		-
4669		-1168
4670		-00:53:00,930 ~-~-> 00:53:01,680
4671		-range
4672		-
4673		-1169
4674		-00:53:09,179 ~-~-> 00:53:13,829
4675		-make sure we get our candles. Okay we
4676		-
4677		-1170
4678		-00:53:13,829 ~-~-> 00:53:16,649
4679		-have in here we have Asia, making the
4680		-
4681		-1171
4682		-00:53:16,649 ~-~-> 00:53:20,819
4683		-high the actual high formed on 130 GMT.
4684		-
4685		-1172
4686		-00:53:22,229 ~-~-> 00:53:26,849
4687		-This candle here is the 910 GMT it's new
4688		-
4689		-1173
4690		-00:53:26,879 ~-~-> 00:53:30,869
4691		-I'm sorry London open price breaks down
4692		-
4693		-1174
4694		-00:53:32,099 ~-~-> 00:53:34,979
4695		-a couple different little micro rallies
4696		-
4697		-1175
4698		-00:53:34,979 ~-~-> 00:53:36,359
4699		-in here and then finally gave up the
4700		-
4701		-1176
4702		-00:53:36,359 ~-~-> 00:53:39,749
4703		-ghost at 1230 GMT which is New York open
4704		-
4705		-1177
4706		-00:53:40,199 ~-~-> 00:53:43,769
4707		-again trading right up into that 132 39
4708		-
4709		-1178
4710		-00:53:43,769 ~-~-> 00:53:46,559
4711		-or 130 to 40 level and then really fell
4712		-
4713		-1179
4714		-00:53:46,559 ~-~-> 00:53:51,569
4715		-out of bed and again here trading in the
4716		-
4717		-1180
4718		-00:53:51,569 ~-~-> 00:53:54,119
4719		-same direction intraday we have this
4720		-
4721		-1181
4722		-00:53:54,119 ~-~-> 00:53:56,519
4723		-resistance broken, I'm sorry support
4724		-
4725		-1182
4726		-00:53:56,519 ~-~-> 00:53:58,979
4727		-broken now resistance and this small
4728		-
4729		-1183
4730		-00:53:58,979 ~-~-> 00:54:00,629
4731		-little range if you looked at that Hi in
4732		-
4733		-1184
4734		-00:54:00,629 ~-~-> 00:54:02,249
4735		-the low of that you'll get another small
4736		-
4737		-1185
4738		-00:54:02,249 ~-~-> 00:54:05,549
4739		-little retracement for a London close
4740		-
4741		-1186
4742		-00:54:06,569 ~-~-> 00:54:09,029
4743		-continuation pattern going into the low
4744		-
4745		-1187
4746		-00:54:09,089 ~-~-> 00:54:09,689
4747		-of the day.
4748		-
4749		-1188
4750		-00:54:12,090 ~-~-> 00:54:12,690
4751		-We have
4752		-
4753		-1189
4754		-00:54:22,380 ~-~-> 00:54:25,170
4755		-the high here in Asia previous day's
4756		-
4757		-1190
4758		-00:54:25,170 ~-~-> 00:54:30,210
4759		-high and low. Okay price comes down
4760		-
4761		-1191
4762		-00:54:30,390 ~-~-> 00:54:32,640
4763		-rallies up into the 62% retracement
4764		-
4765		-1192
4766		-00:54:32,640 ~-~-> 00:54:36,450
4767		-level here and it's confirmed by this
4768		-
4769		-1193
4770		-00:54:36,450 ~-~-> 00:54:40,800
4771		-same 30 to 20 level which is nice levels
4772		-
4773		-1194
4774		-00:54:40,800 ~-~-> 00:54:43,650
4775		-30 to 20 inch institutional level we
4776		-
4777		-1195
4778		-00:54:43,650 ~-~-> 00:54:46,680
4779		-like to watch the 20 levels and an old
4780		-
4781		-1196
4782		-00:54:46,680 ~-~-> 00:54:50,970
4783		-low okay and on this candle here that is
4784		-
4785		-1197
4786		-00:54:52,050 ~-~-> 00:54:57,300
4787		-1040 GMT and then we have 945 GMT and we
4788		-
4789		-1198
4790		-00:54:57,300 ~-~-> 00:55:00,810
4791		-have seven GMT so All during the
4792		-
4793		-1199
4794		-00:55:00,810 ~-~-> 00:55:04,230
4795		-European and London session we have
4796		-
4797		-1200
4798		-00:55:04,470 ~-~-> 00:55:06,240
4799		-several opportunities to be a seller
4800		-
4801		-1201
4802		-00:55:07,020 ~-~-> 00:55:12,030
4803		-into old lows broken now resistance and
4804		-
4805		-1202
4806		-00:55:12,120 ~-~-> 00:55:15,240
4807		-market moves lower where would be
4808		-
4809		-1203
4810		-00:55:15,240 ~-~-> 00:55:16,890
4811		-reasonably expected to see reach for
4812		-
4813		-1204
4814		-00:55:16,890 ~-~-> 00:55:18,750
4815		-this old low again we're looking for
4816		-
4817		-1205
4818		-00:55:19,050 ~-~-> 00:55:21,630
4819		-support resistance levels to aim and
4820		-
4821		-1206
4822		-00:55:21,630 ~-~-> 00:55:27,060
4823		-look for new targets again same scenario
4824		-
4825		-1207
4826		-00:55:27,060 ~-~-> 00:55:33,930
4827		-here Okay, markets moving lower here's a
4828		-
4829		-1208
4830		-00:55:33,960 ~-~-> 00:55:36,000
4831		-opportunity you could use keying off of
4832		-
4833		-1209
4834		-00:55:36,000 ~-~-> 00:55:40,440
4835		-that 131 90 level was around that to a
4836		-
4837		-1210
4838		-00:55:41,460 ~-~-> 00:55:44,730
4839		-small round number for from this high to
4840		-
4841		-1211
4842		-00:55:44,730 ~-~-> 00:55:46,740
4843		-that low you'll get a nice
4844		-
4845		-1212
4846		-00:55:48,090 ~-~-> 00:55:48,960
4847		-retracement
4848		-
4849		-1213
4850		-00:55:53,190 ~-~-> 00:55:55,260
4851		-Okay, that's a sweet spot and sell off.
4852		-
4853		-1214
4854		-00:55:55,530 ~-~-> 00:55:59,160
4855		-And here. Same thing could use for
4856		-
4857		-1215
4858		-00:55:59,520 ~-~-> 00:56:00,960
4859		-continuation in the same direction
4860		-
4861		-1216
4862		-00:56:00,960 ~-~-> 00:56:04,410
4863		-intraday, she used the fib on that for
4864		-
4865		-1217
4866		-00:56:04,410 ~-~-> 00:56:05,670
4867		-the New York open
4868		-
4869		-1218
4870		-00:56:14,309 ~-~-> 00:56:16,379
4871		-you get right up in that sweet spot and
4872		-
4873		-1219
4874		-00:56:16,379 ~-~-> 00:56:17,789
4875		-optimal trade entry and trade lower
4876		-
4877		-1220
4878		-00:56:17,789 ~-~-> 00:56:22,469
4879		-intraday now that's if you are a day
4880		-
4881		-1221
4882		-00:56:22,469 ~-~-> 00:56:26,189
4883		-trader. Okay and there's 45 pips or so
4884		-
4885		-1222
4886		-00:56:26,249 ~-~-> 00:56:28,919
4887		-yeah, lay your feet using that as an
4888		-
4889		-1223
4890		-00:56:28,919 ~-~-> 00:56:32,939
4891		-example. Eventually, the market bounces
4892		-
4893		-1224
4894		-00:56:32,939 ~-~-> 00:56:37,919
4895		-and trades up into a previous range. Now
4896		-
4897		-1225
4898		-00:56:37,919 ~-~-> 00:56:39,599
4899		-we're right, we're trading right into
4900		-
4901		-1226
4902		-00:56:39,629 ~-~-> 00:56:41,999
4903		-these resistance levels. But to see this
4904		-
4905		-1227
4906		-00:56:41,999 ~-~-> 00:56:46,709
4907		-high here, this low and here's Lake one,
4908		-
4909		-1228
4910		-00:56:47,609 ~-~-> 00:56:48,419
4911		-and Lake two.
4912		-
4913		-1229
4914		-00:56:49,860 ~-~-> 00:56:50,970
4915		-If we use the high
4916		-
4917		-1230
4918		-00:56:53,010 ~-~-> 00:56:55,320
4919		-down to that low, again, we're looking
4920		-
4921		-1231
4922		-00:56:55,320 ~-~-> 00:56:57,930
4923		-at market swings. The markets trading
4924		-
4925		-1232
4926		-00:56:57,930 ~-~-> 00:56:59,310
4927		-into the optimal trade entry just fell
4928		-
4929		-1233
4930		-00:56:59,310 ~-~-> 00:57:00,960
4931		-short this week. spot which actually
4932		-
4933		-1234
4934		-00:57:00,960 ~-~-> 00:57:03,360
4935		-comes right on top of that 30 to 20
4936		-
4937		-1235
4938		-00:57:03,360 ~-~-> 00:57:05,040
4939		-level, which is nice. I like seeing
4940		-
4941		-1236
4942		-00:57:05,040 ~-~-> 00:57:08,400
4943		-stuff like that. There's where you got
4944		-
4945		-1237
4946		-00:57:09,030 ~-~-> 00:57:11,610
4947		-your setup. So I kind of gave you your
4948		-
4949		-1238
4950		-00:57:11,610 ~-~-> 00:57:14,010
4951		-answer for your homework. Didn't mean to
4952		-
4953		-1239
4954		-00:57:14,010 ~-~-> 00:57:15,540
4955		-do that but sometimes that'll happen
4956		-
4957		-1240
4958		-00:57:15,540 ~-~-> 00:57:19,260
4959		-guys. And there's your your retracement
4960		-
4961		-1241
4962		-00:57:19,260 ~-~-> 00:57:22,350
4963		-back into going into Friday. Okay, so
4964		-
4965		-1242
4966		-00:57:22,350 ~-~-> 00:57:24,510
4967		-that's what has happened since the last
4968		-
4969		-1243
4970		-00:57:24,510 ~-~-> 00:57:27,330
4971		-time we did our episode two in the
4972		-
4973		-1244
4974		-00:57:27,330 ~-~-> 00:57:30,060
4975		-series, and how the reactions and price
4976		-
4977		-1245
4978		-00:57:30,060 ~-~-> 00:57:32,700
4979		-levels are laid at your feet they were
4980		-
4981		-1246
4982		-00:57:32,700 ~-~-> 00:57:34,680
4983		-in advance given to you how to find
4984		-
4985		-1247
4986		-00:57:34,680 ~-~-> 00:57:37,500
4987		-them. What was new to trade direction
4988		-
4989		-1248
4990		-00:57:37,590 ~-~-> 00:57:41,010
4991		-and how you look for setups, okay. This
4992		-
4993		-1249
4994		-00:57:41,010 ~-~-> 00:57:43,320
4995		-is what you do, you go through looking
4996		-
4997		-1250
4998		-00:57:43,320 ~-~-> 00:57:44,730
4999		-for support resistance levels and you
5000		-
5001		-1251
5002		-00:57:44,730 ~-~-> 00:57:47,400
5003		-only take opportunities when price gets
5004		-
5005		-1252
5006		-00:57:47,400 ~-~-> 00:57:48,660
5007		-to those levels and you look for price
5008		-
5009		-1253
5010		-00:57:48,660 ~-~-> 00:57:51,210
5011		-patterns around that same higher level
5012		-
5013		-1254
5014		-00:57:51,210 ~-~-> 00:57:52,800
5015		-timeframe support resistance, okay.
5016		-
5017		-1255
5018		-00:57:53,160 ~-~-> 00:57:55,230
5019		-Notice we did not put any five minutes
5020		-
5021		-1256
5022		-00:57:55,230 ~-~-> 00:57:57,060
5023		-for resistance levels. We do not put in
5024		-
5025		-1257
5026		-00:57:57,060 ~-~-> 00:57:59,100
5027		-any 15 minutes support levels. We didn't
5028		-
5029		-1258
5030		-00:57:59,100 ~-~-> 00:58:00,720
5031		-put an hourly support resistance level,
5032		-
5033		-1259
5034		-00:58:01,110 ~-~-> 00:58:02,940
5035		-we only use the daily in the four hour,
5036		-
5037		-1260
5038		-00:58:02,940 ~-~-> 00:58:04,860
5039		-the higher timeframe. Those are your
5040		-
5041		-1261
5042		-00:58:04,860 ~-~-> 00:58:06,150
5043		-timeframes where the institutional
5044		-
5045		-1262
5046		-00:58:06,150 ~-~-> 00:58:07,920
5047		-sponsorship is going to come in. Okay,
5048		-
5049		-1263
5050		-00:58:07,920 ~-~-> 00:58:09,780
5051		-so hopefully, this has been insightful
5052		-
5053		-1264
5054		-00:58:09,780 ~-~-> 00:58:13,890
5055		-to you. Again, apply the tools in a demo
5056		-
5057		-1265
5058		-00:58:13,890 ~-~-> 00:58:15,240
5059		-account setting and build your
5060		-
5061		-1266
5062		-00:58:15,240 ~-~-> 00:58:17,100
5063		-confidence and you determine when it's
5064		-
5065		-1267
5066		-00:58:17,100 ~-~-> 00:58:25,410
5067		-safe for you to use live funds. Okay, we
5068		-
5069		-1268
5070		-00:58:25,410 ~-~-> 00:58:29,370
5071		-are looking at a 10 year, t note daily
5072		-
5073		-1269
5074		-00:58:29,370 ~-~-> 00:58:31,080
5075		-chart. Okay. And I'm sure you're
5076		-
5077		-1270
5078		-00:58:31,080 ~-~-> 00:58:32,640
5079		-probably asking yourself, okay, well,
5080		-
5081		-1271
5082		-00:58:32,670 ~-~-> 00:58:34,470
5083		-when did we enter the commodity realm?
5084		-
5085		-1272
5086		-00:58:35,340 ~-~-> 00:58:37,680
5087		-Well, I started as a commodity trader.
5088		-
5089		-1273
5090		-00:58:38,100 ~-~-> 00:58:41,520
5091		-And I learned from Larry Williams, one
5092		-
5093		-1274
5094		-00:58:41,520 ~-~-> 00:58:45,000
5095		-of my first mentors, that the interest
5096		-
5097		-1275
5098		-00:58:45,000 ~-~-> 00:58:46,950
5099		-rate market was basically the market
5100		-
5101		-1276
5102		-00:58:46,950 ~-~-> 00:58:49,410
5103		-that controlled just about every market
5104		-
5105		-1277
5106		-00:58:49,410 ~-~-> 00:58:51,870
5107		-asset class there is. Interest rates are
5108		-
5109		-1278
5110		-00:58:51,870 ~-~-> 00:58:53,100
5111		-the driving force, whether you're a
5112		-
5113		-1279
5114		-00:58:53,100 ~-~-> 00:58:54,750
5115		-stock trader, whether you're a commodity
5116		-
5117		-1280
5118		-00:58:54,750 ~-~-> 00:58:57,630
5119		-trader, Currency Trader oil trader, it
5120		-
5121		-1281
5122		-00:58:57,630 ~-~-> 00:58:59,700
5123		-doesn't matter what it is interest
5124		-
5125		-1282
5126		-00:58:59,700 ~-~-> 00:59:02,940
5127		-rates. Are the absolute underpinning of
5128		-
5129		-1283
5130		-00:59:02,940 ~-~-> 00:59:05,670
5131		-market dynamic moves up or down, it's
5132		-
5133		-1284
5134		-00:59:05,670 ~-~-> 00:59:08,370
5135		-going to be more or less, it's going to
5136		-
5137		-1285
5138		-00:59:08,370 ~-~-> 00:59:10,800
5139		-be propelled by the interest rate
5140		-
5141		-1286
5142		-00:59:10,800 ~-~-> 00:59:16,260
5143		-market. Now, when we look at 1010 year t
5144		-
5145		-1287
5146		-00:59:16,260 ~-~-> 00:59:20,010
5147		-notes, there's one small little extra I
5148		-
5149		-1288
5150		-00:59:20,010 ~-~-> 00:59:21,600
5151		-want to throw in here, I'm not breaking
5152		-
5153		-1289
5154		-00:59:21,600 ~-~-> 00:59:23,370
5155		-down my entire bond market analysis
5156		-
5157		-1290
5158		-00:59:23,370 ~-~-> 00:59:25,860
5159		-concept. It would be I could spend eight
5160		-
5161		-1291
5162		-00:59:25,860 ~-~-> 00:59:29,430
5163		-series times eight videos, I mean, 64
5164		-
5165		-1292
5166		-00:59:29,430 ~-~-> 00:59:30,720
5167		-videos and still not scratched the
5168		-
5169		-1293
5170		-00:59:30,720 ~-~-> 00:59:33,840
5171		-surface on the elements of interest
5172		-
5173		-1294
5174		-00:59:33,840 ~-~-> 00:59:36,600
5175		-rates and how one could utilize those in
5176		-
5177		-1295
5178		-00:59:36,720 ~-~-> 00:59:38,880
5179		-trading. But I'm gonna give you a real
5180		-
5181		-1296
5182		-00:59:38,880 ~-~-> 00:59:41,940
5183		-simple basic framework where I'm sure it
5184		-
5185		-1297
5186		-00:59:41,940 ~-~-> 00:59:43,350
5187		-will take a lot of ambiguity out of the
5188		-
5189		-1298
5190		-00:59:43,350 ~-~-> 00:59:46,020
5191		-marketplace and for you as an analyst in
5192		-
5193		-1299
5194		-00:59:46,020 ~-~-> 00:59:48,030
5195		-your trading, and be able to use it in a
5196		-
5197		-1300
5198		-00:59:48,030 ~-~-> 00:59:50,160
5199		-real world environment because I'm
5200		-
5201		-1301
5202		-00:59:50,160 ~-~-> 00:59:52,020
5203		-trying to avoid giving you information
5204		-
5205		-1302
5206		-00:59:52,020 ~-~-> 00:59:53,850
5207		-overload I'm just giving you small
5208		-
5209		-1303
5210		-00:59:53,880 ~-~-> 00:59:56,490
5211		-components that will very easily and
5212		-
5213		-1304
5214		-00:59:56,790 ~-~-> 01:00:00,570
5215		-neatly fit together and it allow you to
5216		-
5217		-1305
5218		-01:00:00,570 ~-~-> 01:00:02,490
5219		-have a better understanding of the macro
5220		-
5221		-1306
5222		-01:00:02,670 ~-~-> 01:00:05,310
5223		-economic perspective that was essential
5224		-
5225		-1307
5226		-01:00:05,310 ~-~-> 01:00:06,600
5227		-whether you're a short term trader,
5228		-
5229		-1308
5230		-01:00:06,840 ~-~-> 01:00:10,710
5231		-swing trader or even day trader we're
5232		-
5233		-1309
5234		-01:00:10,710 ~-~-> 01:00:12,990
5235		-gonna be looking at the interest rate
5236		-
5237		-1310
5238		-01:00:13,080 ~-~-> 01:00:16,410
5239		-yields. Now these are specifically going
5240		-
5241		-1311
5242		-01:00:16,410 ~-~-> 01:00:18,900
5243		-to be, you know, the 10 year mark now
5244		-
5245		-1312
5246		-01:00:18,930 ~-~-> 01:00:21,960
5247		-they can be shorter and longer term. But
5248		-
5249		-1313
5250		-01:00:21,960 ~-~-> 01:00:24,540
5251		-for FX purposes, the 10 year will be
5252		-
5253		-1314
5254		-01:00:24,870 ~-~-> 01:00:27,600
5255		-sufficient. So let's take a look at a
5256		-
5257		-1315
5258		-01:00:27,600 ~-~-> 01:00:30,090
5259		-few examples on how we can draw this
5260		-
5261		-1316
5262		-01:00:30,090 ~-~-> 01:00:31,710
5263		-information from the internet for free
5264		-
5265		-1317
5266		-01:00:32,010 ~-~-> 01:00:33,180
5267		-with no cost to you.
5268		-
5269		-1318
5270		-01:00:40,560 ~-~-> 01:00:42,660
5271		-Okay, guys, we're going to look at some
5272		-
5273		-1319
5274		-01:00:42,750 ~-~-> 01:00:46,980
5275		-concepts utilizing the T note 10 year
5276		-
5277		-1320
5278		-01:00:47,640 ~-~-> 01:00:48,900
5279		-and we're gonna be looking at some
5280		-
5281		-1321
5282		-01:00:48,900 ~-~-> 01:00:51,810
5283		-interest rate concepts. I want to give
5284		-
5285		-1322
5286		-01:00:51,810 ~-~-> 01:00:54,030
5287		-you some free resources that you can do
5288		-
5289		-1323
5290		-01:00:54,030 ~-~-> 01:00:56,100
5291		-this with won't cost you a dime except
5292		-
5293		-1324
5294		-01:00:56,100 ~-~-> 01:00:58,080
5295		-for your internet connection. Alright,
5296		-
5297		-1325
5298		-01:00:58,380 ~-~-> 01:01:04,470
5299		-just do a google Go to bar chart. Okay,
5300		-
5301		-1326
5302		-01:01:04,470 ~-~-> 01:01:06,870
5303		-and you'll see bar chart.com. Okay,
5304		-
5305		-1327
5306		-01:01:06,870 ~-~-> 01:01:07,860
5307		-that's what you want, you want to click
5308		-
5309		-1328
5310		-01:01:07,860 ~-~-> 01:01:10,980
5311		-on that. Okay, when bar chart opens up
5312		-
5313		-1329
5314		-01:01:10,980 ~-~-> 01:01:12,540
5315		-like this, what you can do is you can
5316		-
5317		-1330
5318		-01:01:12,540 ~-~-> 01:01:14,100
5319		-look over here, and it's gonna say
5320		-
5321		-1331
5322		-01:01:14,100 ~-~-> 01:01:16,410
5323		-select the commodity, hit that little
5324		-
5325		-1332
5326		-01:01:16,410 ~-~-> 01:01:18,870
5327		-toggle window down, and you're gonna
5328		-
5329		-1333
5330		-01:01:18,870 ~-~-> 01:01:22,620
5331		-scroll down to the financial section
5332		-
5333		-1334
5334		-01:01:22,620 ~-~-> 01:01:24,660
5335		-here and you'll see 10 year t note,
5336		-
5337		-1335
5338		-01:01:25,320 ~-~-> 01:01:27,270
5339		-click on that, and it'll give you a few
5340		-
5341		-1336
5342		-01:01:27,270 ~-~-> 01:01:29,940
5343		-choices of contract month. Just use the
5344		-
5345		-1337
5346		-01:01:29,940 ~-~-> 01:01:34,890
5347		-highest month here, okay? And this case
5348		-
5349		-1338
5350		-01:01:34,890 ~-~-> 01:01:37,920
5351		-is September. Okay, when this window
5352		-
5353		-1339
5354		-01:01:37,920 ~-~-> 01:01:39,900
5355		-opens up, I'm gonna go over here to
5356		-
5357		-1340
5358		-01:01:39,930 ~-~-> 01:01:41,940
5359		-customize chart, click on that.
5360		-
5361		-1341
5362		-01:01:47,190 ~-~-> 01:01:48,660
5363		-Okay, and what we're going to do is
5364		-
5365		-1342
5366		-01:01:48,720 ~-~-> 01:01:50,220
5367		-we're going to scroll down a little bit
5368		-
5369		-1343
5370		-01:01:50,220 ~-~-> 01:01:51,840
5371		-and we're going to do some changes to
5372		-
5373		-1344
5374		-01:01:51,840 ~-~-> 01:01:54,750
5375		-this. And what we want to do is you want
5376		-
5377		-1345
5378		-01:01:54,750 ~-~-> 01:02:01,890
5379		-to be looking at data nearest, click on
5380		-
5381		-1346
5382		-01:02:01,890 ~-~-> 01:02:03,900
5383		-that. And the reason why we want that is
5384		-
5385		-1347
5386		-01:02:03,900 ~-~-> 01:02:05,700
5387		-because it's going to show continuous
5388		-
5389		-1348
5390		-01:02:06,840 ~-~-> 01:02:10,620
5391		-non break in, in the contract. As you
5392		-
5393		-1349
5394		-01:02:10,620 ~-~-> 01:02:13,050
5395		-can see here, if I scroll up, you'll see
5396		-
5397		-1350
5398		-01:02:13,050 ~-~-> 01:02:15,960
5399		-these little spots on the chart here.
5400		-
5401		-1351
5402		-01:02:16,500 ~-~-> 01:02:20,400
5403		-Okay? You'll see an absence of that by
5404		-
5405		-1352
5406		-01:02:20,400 ~-~-> 01:02:22,950
5407		-using that type of chart. And we're
5408		-
5409		-1353
5410		-01:02:22,950 ~-~-> 01:02:25,500
5411		-going to go to candlestick right to take
5412		-
5413		-1354
5414		-01:02:25,500 ~-~-> 01:02:28,050
5415		-all the volume off. It's not essential
5416		-
5417		-1355
5418		-01:02:28,050 ~-~-> 01:02:32,550
5419		-for that here. Okay, and we want to see
5420		-
5421		-1356
5422		-01:02:32,550 ~-~-> 01:02:34,470
5423		-at least a year's worth.
5424		-
5425		-1357
5426		-01:02:35,850 ~-~-> 01:02:36,840
5427		-And we're gonna click draw.
5428		-
5429		-1358
5430		-01:02:41,580 ~-~-> 01:02:44,910
5431		-Okay and what we have here is a daily
5432		-
5433		-1359
5434		-01:02:45,180 ~-~-> 01:02:48,570
5435		-chart of the 10 year t note. Okay. And
5436		-
5437		-1360
5438		-01:02:49,230 ~-~-> 01:02:52,710
5439		-what I want to show you is there are
5440		-
5441		-1361
5442		-01:02:53,490 ~-~-> 01:02:56,610
5443		-means of discerning where the higher
5444		-
5445		-1362
5446		-01:02:56,640 ~-~-> 01:03:01,050
5447		-level tide, okay? Okay. think in terms
5448		-
5449		-1363
5450		-01:03:01,080 ~-~-> 01:03:05,400
5451		-of your a salmon, okay, generally as a
5452		-
5453		-1364
5454		-01:03:05,400 ~-~-> 01:03:07,380
5455		-new trader your salmon, you, you want to
5456		-
5457		-1365
5458		-01:03:07,380 ~-~-> 01:03:10,440
5459		-swim against the current because if the
5460		-
5461		-1366
5462		-01:03:10,440 ~-~-> 01:03:13,080
5463		-market is going down, okay, it's
5464		-
5465		-1367
5466		-01:03:13,080 ~-~-> 01:03:14,790
5467		-probably not going to keep going down,
5468		-
5469		-1368
5470		-01:03:14,850 ~-~-> 01:03:16,770
5471		-okay? It's going to go up eventually,
5472		-
5473		-1369
5474		-01:03:17,100 ~-~-> 01:03:19,050
5475		-things, you know, chant tend to be
5476		-
5477		-1370
5478		-01:03:19,050 ~-~-> 01:03:21,750
5479		-contrarian as a new trader. So you want
5480		-
5481		-1371
5482		-01:03:21,750 ~-~-> 01:03:23,400
5483		-to fight against that tide. Well I can
5484		-
5485		-1372
5486		-01:03:23,400 ~-~-> 01:03:26,160
5487		-tell you as a salmon, you the outcome of
5488		-
5489		-1373
5490		-01:03:26,160 ~-~-> 01:03:27,780
5491		-that is they have fun when you get to
5492		-
5493		-1374
5494		-01:03:27,780 ~-~-> 01:03:30,210
5495		-the top, okay? When they're right and
5496		-
5497		-1375
5498		-01:03:30,210 ~-~-> 01:03:32,130
5499		-you survive it, but they eventually once
5500		-
5501		-1376
5502		-01:03:32,130 ~-~-> 01:03:35,460
5503		-that's done, and they they completed
5504		-
5505		-1377
5506		-01:03:35,460 ~-~-> 01:03:37,500
5507		-their task by getting there, they all
5508		-
5509		-1378
5510		-01:03:37,500 ~-~-> 01:03:39,390
5511		-die. A lot of people don't realize that
5512		-
5513		-1379
5514		-01:03:39,390 ~-~-> 01:03:40,830
5515		-but the salmon dies when it gets there.
5516		-
5517		-1380
5518		-01:03:40,830 ~-~-> 01:03:45,330
5519		-So do you want to be the salmon? Okay,
5520		-
5521		-1381
5522		-01:03:45,360 ~-~-> 01:03:48,870
5523		-do you want to swim with the tide? Okay,
5524		-
5525		-1382
5526		-01:03:48,870 ~-~-> 01:03:52,050
5527		-and it's a kind of silly expression or
5528		-
5529		-1383
5530		-01:03:52,080 ~-~-> 01:03:54,990
5531		-example or analogy, but it really
5532		-
5533		-1384
5534		-01:03:55,080 ~-~-> 01:03:57,540
5535		-communicates the necessity of doing
5536		-
5537		-1385
5538		-01:03:57,540 ~-~-> 01:04:00,330
5539		-things the easy way. Okay. Don't
5540		-
5541		-1386
5542		-01:04:00,360 ~-~-> 01:04:02,580
5543		-overcomplicate, don't overcomplicate
5544		-
5545		-1387
5546		-01:04:02,580 ~-~-> 01:04:05,580
5547		-things, and the surest way to start that
5548		-
5549		-1388
5550		-01:04:06,000 ~-~-> 01:04:08,520
5551		-way of thinking as a trader is, where's
5552		-
5553		-1389
5554		-01:04:08,520 ~-~-> 01:04:11,190
5555		-the money flowing from? Is it flowing
5556		-
5557		-1390
5558		-01:04:11,190 ~-~-> 01:04:15,210
5559		-into or out of currencies? Okay. And the
5560		-
5561		-1391
5562		-01:04:15,210 ~-~-> 01:04:16,920
5563		-essential question is, is how does one
5564		-
5565		-1392
5566		-01:04:17,310 ~-~-> 01:04:20,670
5567		-arrive at that answer? Well, you have to
5568		-
5569		-1393
5570		-01:04:20,670 ~-~-> 01:04:23,100
5571		-look at a macro perspective, okay? And
5572		-
5573		-1394
5574		-01:04:23,100 ~-~-> 01:04:25,260
5575		-the way we look at it macro perspective
5576		-
5577		-1395
5578		-01:04:25,260 ~-~-> 01:04:27,060
5579		-is the interest rate market. Now, the
5580		-
5581		-1396
5582		-01:04:27,060 ~-~-> 01:04:29,430
5583		-interest rate markets are the absolute
5584		-
5585		-1397
5586		-01:04:29,880 ~-~-> 01:04:35,670
5587		-center focal point of all economic asset
5588		-
5589		-1398
5590		-01:04:35,670 ~-~-> 01:04:37,170
5591		-classes, whether it'd be stocks,
5592		-
5593		-1399
5594		-01:04:37,200 ~-~-> 01:04:40,650
5595		-commodities, you know, currencies, it
5596		-
5597		-1400
5598		-01:04:40,650 ~-~-> 01:04:42,510
5599		-doesn't matter. The interest rate
5600		-
5601		-1401
5602		-01:04:42,510 ~-~-> 01:04:43,950
5603		-markets would drive rates and moves
5604		-
5605		-1402
5606		-01:04:43,950 ~-~-> 01:04:45,570
5607		-everything around. You can argue with me
5608		-
5609		-1403
5610		-01:04:45,570 ~-~-> 01:04:46,860
5611		-all you want, but I'm gonna tell you,
5612		-
5613		-1404
5614		-01:04:46,860 ~-~-> 01:04:50,400
5615		-that's the case. Okay. So if we
5616		-
5617		-1405
5618		-01:04:50,400 ~-~-> 01:04:52,140
5619		-understand the interest rate market, we
5620		-
5621		-1406
5622		-01:04:52,140 ~-~-> 01:04:54,930
5623		-have everything laid out our feet, we
5624		-
5625		-1407
5626		-01:04:54,930 ~-~-> 01:04:59,220
5627		-have the keys to everything you would
5628		-
5629		-1408
5630		-01:04:59,220 ~-~-> 01:05:01,590
5631		-ever want. The kingdom, okay, so if you
5632		-
5633		-1409
5634		-01:05:01,590 ~-~-> 01:05:04,650
5635		-understand this, you'll understand
5636		-
5637		-1410
5638		-01:05:04,680 ~-~-> 01:05:06,090
5639		-everything you'll need to know on a
5640		-
5641		-1411
5642		-01:05:06,090 ~-~-> 01:05:07,830
5643		-higher time frame premise. Okay?
5644		-
5645		-1412
5646		-01:05:08,340 ~-~-> 01:05:08,790
5647		-So now,
5648		-
5649		-1413
5650		-01:05:09,809 ~-~-> 01:05:12,479
5651		-I'm not going to go into all of my bond
5652		-
5653		-1414
5654		-01:05:12,479 ~-~-> 01:05:14,189
5655		-work. Okay, so we're just going to look
5656		-
5657		-1415
5658		-01:05:14,189 ~-~-> 01:05:15,839
5659		-at just the 10 year t note that's going
5660		-
5661		-1416
5662		-01:05:15,839 ~-~-> 01:05:17,579
5663		-to be sufficient for this teaching
5664		-
5665		-1417
5666		-01:05:17,579 ~-~-> 01:05:20,429
5667		-series. But I promise you, there are so
5668		-
5669		-1418
5670		-01:05:20,429 ~-~-> 01:05:22,769
5671		-many levels deeper that you can go into.
5672		-
5673		-1419
5674		-01:05:22,979 ~-~-> 01:05:25,979
5675		-And it's really not taught anywhere on
5676		-
5677		-1420
5678		-01:05:25,979 ~-~-> 01:05:28,829
5679		-the internet. My bond work is absolutely
5680		-
5681		-1421
5682		-01:05:28,829 ~-~-> 01:05:31,439
5683		-unique. And I'm going to blow my horn,
5684		-
5685		-1422
5686		-01:05:31,469 ~-~-> 01:05:33,029
5687		-there's nothing like it out there. So
5688		-
5689		-1423
5690		-01:05:33,659 ~-~-> 01:05:35,639
5691		-I've given a few little things about it
5692		-
5693		-1424
5694		-01:05:35,639 ~-~-> 01:05:37,619
5695		-in the past, but I mean, there's so much
5696		-
5697		-1425
5698		-01:05:37,619 ~-~-> 01:05:41,219
5699		-more to it that helps discern what the
5700		-
5701		-1426
5702		-01:05:41,249 ~-~-> 01:05:42,749
5703		-interest rate markets are doing on an
5704		-
5705		-1427
5706		-01:05:42,749 ~-~-> 01:05:45,029
5707		-intraday basis on a week to week basis
5708		-
5709		-1428
5710		-01:05:45,059 ~-~-> 01:05:47,459
5711		-on a daily if it's going to be up or
5712		-
5713		-1429
5714		-01:05:47,459 ~-~-> 01:05:49,559
5715		-down day. There's ways of looking at
5716		-
5717		-1430
5718		-01:05:49,559 ~-~-> 01:05:52,289
5719		-that seasonally, and man it's it's
5720		-
5721		-1431
5722		-01:05:52,289 ~-~-> 01:05:56,789
5723		-crazy, how you rhythmic this interest
5724		-
5725		-1432
5726		-01:05:56,789 ~-~-> 01:05:59,999
5727		-rate market is now with that
5728		-
5729		-1433
5730		-01:05:59,999 ~-~-> 01:06:02,429
5731		-Understanding okay if we
5732		-
5733		-1434
5734		-01:06:02,550 ~-~-> 01:06:05,310
5735		-look at a 10 year t note market, this is
5736		-
5737		-1435
5738		-01:06:05,310 ~-~-> 01:06:07,980
5739		-a chart of a daily futures contract of
5740		-
5741		-1436
5742		-01:06:08,160 ~-~-> 01:06:13,320
5743		-the 10 year t note. If we see price, in
5744		-
5745		-1437
5746		-01:06:13,320 ~-~-> 01:06:16,980
5747		-this case, trade lower here. Okay. What
5748		-
5749		-1438
5750		-01:06:16,980 ~-~-> 01:06:19,650
5751		-is that telling us? Well, there is an
5752		-
5753		-1439
5754		-01:06:19,650 ~-~-> 01:06:22,110
5755		-inverse relationship between the futures
5756		-
5757		-1440
5758		-01:06:22,110 ~-~-> 01:06:25,050
5759		-contract and the actual bond yield.
5760		-
5761		-1441
5762		-01:06:25,230 ~-~-> 01:06:28,050
5763		-Okay. The yield at the 10 year note is
5764		-
5765		-1442
5766		-01:06:29,760 ~-~-> 01:06:32,490
5767		-yielding is actually in this case here,
5768		-
5769		-1443
5770		-01:06:32,700 ~-~-> 01:06:36,630
5771		-it's going up. Okay. When the T note
5772		-
5773		-1444
5774		-01:06:36,750 ~-~-> 01:06:39,270
5775		-futures contract is rallying as it does
5776		-
5777		-1445
5778		-01:06:39,270 ~-~-> 01:06:43,500
5779		-here, the yield would be declining. Vice
5780		-
5781		-1446
5782		-01:06:43,500 ~-~-> 01:06:46,050
5783		-versa when we see the futures contract
5784		-
5785		-1447
5786		-01:06:46,050 ~-~-> 01:06:49,080
5787		-from the 10 year note trading lower that
5788		-
5789		-1448
5790		-01:06:49,080 ~-~-> 01:06:51,750
5791		-means that the yield is going higher
5792		-
5793		-1449
5794		-01:06:52,410 ~-~-> 01:06:55,620
5795		-when the 10 year t note is trading
5796		-
5797		-1450
5798		-01:06:55,620 ~-~-> 01:06:58,830
5799		-higher here. That means the bond yield
5800		-
5801		-1451
5802		-01:06:58,830 ~-~-> 01:07:02,010
5803		-for that 10 year note going lower, then
5804		-
5805		-1452
5806		-01:07:02,010 ~-~-> 01:07:05,730
5807		-we have a drop lower and sustain move
5808		-
5809		-1453
5810		-01:07:05,760 ~-~-> 01:07:08,220
5811		-lower, that means there's a stain move
5812		-
5813		-1454
5814		-01:07:08,340 ~-~-> 01:07:11,280
5815		-higher in the bond yield. Now, that's
5816		-
5817		-1455
5818		-01:07:11,280 ~-~-> 01:07:12,840
5819		-all fine and great. But what does that
5820		-
5821		-1456
5822		-01:07:12,840 ~-~-> 01:07:15,900
5823		-really mean? Well, it means this if you
5824		-
5825		-1457
5826		-01:07:15,900 ~-~-> 01:07:18,780
5827		-want to be a buyer of currencies, and
5828		-
5829		-1458
5830		-01:07:18,780 ~-~-> 01:07:21,060
5831		-we're going to stick to our equation of
5832		-
5833		-1459
5834		-01:07:21,060 ~-~-> 01:07:23,760
5835		-being the fiber or your resting, okay,
5836		-
5837		-1460
5838		-01:07:23,760 ~-~-> 01:07:25,560
5839		-so this teaching series is focused on
5840		-
5841		-1461
5842		-01:07:26,280 ~-~-> 01:07:28,830
5843		-it's really goes along with the other
5844		-
5845		-1462
5846		-01:07:28,830 ~-~-> 01:07:30,240
5847		-majors too, but we're just going to use
5848		-
5849		-1463
5850		-01:07:30,240 ~-~-> 01:07:33,930
5851		-the euro. If the 10 year t note is
5852		-
5853		-1464
5854		-01:07:33,930 ~-~-> 01:07:36,660
5855		-trading lower, like this, that means
5856		-
5857		-1465
5858		-01:07:36,660 ~-~-> 01:07:38,250
5859		-that the bond yield is going higher
5860		-
5861		-1466
5862		-01:07:39,360 ~-~-> 01:07:42,360
5863		-currencies are going to be chasing
5864		-
5865		-1467
5866		-01:07:42,480 ~-~-> 01:07:45,390
5867		-higher yield. So what does that mean? As
5868		-
5869		-1468
5870		-01:07:45,390 ~-~-> 01:07:47,610
5871		-the yields go up, as we're going to see
5872		-
5873		-1469
5874		-01:07:47,610 ~-~-> 01:07:48,810
5875		-in another chart and how you can get
5876		-
5877		-1470
5878		-01:07:48,810 ~-~-> 01:07:51,210
5879		-that information as well, as the yields
5880		-
5881		-1471
5882		-01:07:51,240 ~-~-> 01:07:53,250
5883		-are going higher, the currencies are
5884		-
5885		-1472
5886		-01:07:53,250 ~-~-> 01:07:55,470
5887		-going to chase that. Okay, and that
5888		-
5889		-1473
5890		-01:07:55,470 ~-~-> 01:07:57,840
5891		-means they're gonna chase yield. What
5892		-
5893		-1474
5894		-01:07:57,840 ~-~-> 01:07:57,930
5895		-does
5896		-
5897		-1475
5898		-01:07:57,930 ~-~-> 01:07:58,440
5899		-that mean?
5900		-
5901		-1476
5902		-01:07:58,710 ~-~-> 01:08:00,720
5903		-That means while the 10 Your note is
5904		-
5905		-1477
5906		-01:08:00,720 ~-~-> 01:08:04,200
5907		-trading lower, you want to be a buyer of
5908		-
5909		-1478
5910		-01:08:04,200 ~-~-> 01:08:10,830
5911		-currencies Okay, now take a big step
5912		-
5913		-1479
5914		-01:08:10,830 ~-~-> 01:08:13,890
5915		-back now go back to this price action
5916		-
5917		-1480
5918		-01:08:13,890 ~-~-> 01:08:19,050
5919		-here. If we see price trade lower and
5920		-
5921		-1481
5922		-01:08:19,050 ~-~-> 01:08:22,470
5923		-then rally up into a level of old
5924		-
5925		-1482
5926		-01:08:23,070 ~-~-> 01:08:25,800
5927		-support broken here is resistance keep
5928		-
5929		-1483
5930		-01:08:25,800 ~-~-> 01:08:27,600
5931		-on going over here now this is now
5932		-
5933		-1484
5934		-01:08:27,600 ~-~-> 01:08:30,690
5935		-resistance right if you look at the high
5936		-
5937		-1485
5938		-01:08:30,810 ~-~-> 01:08:32,310
5939		-down to the low we've essentially
5940		-
5941		-1486
5942		-01:08:32,310 ~-~-> 01:08:35,130
5943		-retrace back to will be considered a
5944		-
5945		-1487
5946		-01:08:35,490 ~-~-> 01:08:37,380
5947		-deep enough optimal trade entry. I'm not
5948		-
5949		-1488
5950		-01:08:37,380 ~-~-> 01:08:38,550
5951		-gonna put the fibs on here and you can
5952		-
5953		-1489
5954		-01:08:38,550 ~-~-> 01:08:40,500
5955		-do that you got to subscribe. I'm not
5956		-
5957		-1490
5958		-01:08:40,500 ~-~-> 01:08:43,230
5959		-going to key in my my information for
5960		-
5961		-1491
5962		-01:08:43,290 ~-~-> 01:08:45,330
5963		-bar chart calm, but you can set up an
5964		-
5965		-1492
5966		-01:08:45,330 ~-~-> 01:08:47,100
5967		-account with these this website. It's
5968		-
5969		-1493
5970		-01:08:47,100 ~-~-> 01:08:49,350
5971		-free, absolutely free does not do
5972		-
5973		-1494
5974		-01:08:49,350 ~-~-> 01:08:51,990
5975		-anything but require you to have a email
5976		-
5977		-1495
5978		-01:08:51,990 ~-~-> 01:08:54,210
5979		-address. Okay, and my advice is to
5980		-
5981		-1496
5982		-01:08:54,210 ~-~-> 01:08:56,640
5983		-create an online email address that you
5984		-
5985		-1497
5986		-01:08:56,640 ~-~-> 01:09:00,480
5987		-use for all of your your trading related
5988		-
5989		-1498
5990		-01:09:00,480 ~-~-> 01:09:02,760
5991		-things, and that way, everything that
5992		-
5993		-1499
5994		-01:09:02,760 ~-~-> 01:09:04,680
5995		-gets spammed because you eventually will
5996		-
5997		-1500
5998		-01:09:04,680 ~-~-> 01:09:05,880
5999		-get spammed, I'm going to tell you that
6000		-
6001		-1501
6002		-01:09:05,880 ~-~-> 01:09:09,030
6003		-I have gotten I should say I've gotten
6004		-
6005		-1502
6006		-01:09:09,030 ~-~-> 01:09:13,830
6007		-I've received rather some spam ever
6008		-
6009		-1503
6010		-01:09:13,830 ~-~-> 01:09:15,420
6011		-since I've signed up to this service,
6012		-
6013		-1504
6014		-01:09:15,420 ~-~-> 01:09:17,970
6015		-but that's a small consolation. And in
6016		-
6017		-1505
6018		-01:09:17,970 ~-~-> 01:09:19,830
6019		-terms of accessing free commodity charts
6020		-
6021		-1506
6022		-01:09:19,830 ~-~-> 01:09:23,130
6023		-that I like, this is certainly one way
6024		-
6025		-1507
6026		-01:09:23,130 ~-~-> 01:09:26,070
6027		-of doing it. So I don't work with the
6028		-
6029		-1508
6030		-01:09:26,070 ~-~-> 01:09:28,200
6031		-email address, you know, ICT at initial
6032		-
6033		-1509
6034		-01:09:28,200 ~-~-> 01:09:31,680
6035		-trade comm or my inner circle trader
6036		-
6037		-1510
6038		-01:09:31,680 ~-~-> 01:09:36,420
6039		-gmail account. I use the completely
6040		-
6041		-1511
6042		-01:09:36,420 ~-~-> 01:09:40,350
6043		-alien means of signing on to this, this
6044		-
6045		-1512
6046		-01:09:40,350 ~-~-> 01:09:41,730
6047		-website and a few other ones that I like
6048		-
6049		-1513
6050		-01:09:41,730 ~-~-> 01:09:45,300
6051		-to use. But as price rate rallies up
6052		-
6053		-1514
6054		-01:09:45,300 ~-~-> 01:09:47,430
6055		-into this area here, we have an old
6056		-
6057		-1515
6058		-01:09:47,430 ~-~-> 01:09:50,250
6059		-level of resistance, which is support
6060		-
6061		-1516
6062		-01:09:50,250 ~-~-> 01:09:51,930
6063		-here. Okay, we could expect to see
6064		-
6065		-1517
6066		-01:09:51,930 ~-~-> 01:09:54,030
6067		-prices trade lower. Now what if we could
6068		-
6069		-1518
6070		-01:09:54,030 ~-~-> 01:09:57,480
6071		-have an X ray view? Okay, imagine if you
6072		-
6073		-1519
6074		-01:09:57,480 ~-~-> 01:10:00,120
6075		-had an X ray machine or X ray memory. A
6076		-
6077		-1520
6078		-01:10:00,120 ~-~-> 01:10:01,590
6079		-kid and maybe you guys in the states
6080		-
6081		-1521
6082		-01:10:01,590 ~-~-> 01:10:04,290
6083		-know this grown up as kid they had these
6084		-
6085		-1522
6086		-01:10:04,290 ~-~-> 01:10:06,060
6087		-little things in the back of a comic
6088		-
6089		-1523
6090		-01:10:06,060 ~-~-> 01:10:08,670
6091		-book where it had X ray glasses. Okay,
6092		-
6093		-1524
6094		-01:10:08,670 ~-~-> 01:10:10,410
6095		-and of course, I was a sucker and I
6096		-
6097		-1525
6098		-01:10:10,410 ~-~-> 01:10:12,780
6099		-spent my dollar 25. Alliance and sent it
6100		-
6101		-1526
6102		-01:10:12,780 ~-~-> 01:10:14,520
6103		-in here. And I bought myself a pair of
6104		-
6105		-1527
6106		-01:10:14,520 ~-~-> 01:10:16,830
6107		-them and I opened it up. It was
6108		-
6109		-1528
6110		-01:10:16,830 ~-~-> 01:10:19,110
6111		-ridiculous. It was just an optical
6112		-
6113		-1529
6114		-01:10:19,110 ~-~-> 01:10:20,250
6115		-illusion. It gives you the impression
6116		-
6117		-1530
6118		-01:10:20,280 ~-~-> 01:10:21,960
6119		-you're seeing, you know, an X ray view.
6120		-
6121		-1531
6122		-01:10:22,410 ~-~-> 01:10:22,800
6123		-But
6124		-
6125		-1532
6126		-01:10:23,850 ~-~-> 01:10:24,840
6127		-there is a way
6128		-
6129		-1533
6130		-01:10:25,080 ~-~-> 01:10:28,590
6131		-of looking at the market on interest
6132		-
6133		-1534
6134		-01:10:28,590 ~-~-> 01:10:30,570
6135		-rates. Okay, so you can see where the
6136		-
6137		-1535
6138		-01:10:30,570 ~-~-> 01:10:33,480
6139		-tide is changing and turning. Now we're
6140		-
6141		-1536
6142		-01:10:33,480 ~-~-> 01:10:35,100
6143		-going to come back to this chart, but
6144		-
6145		-1537
6146		-01:10:35,130 ~-~-> 01:10:37,950
6147		-for another free resource, we're going
6148		-
6149		-1538
6150		-01:10:37,950 ~-~-> 01:10:38,670
6151		-to create
6152		-
6153		-1539
6154		-01:10:41,490 ~-~-> 01:10:42,390
6155		-another tab.
6156		-
6157		-1540
6158		-01:10:43,410 ~-~-> 01:10:48,390
6159		-Okay, and we're going to go to do a 10
6160		-
6161		-1541
6162		-01:10:48,390 ~-~-> 01:10:48,810
6163		-year
6164		-
6165		-1542
6166		-01:10:51,540 ~-~-> 01:10:52,320
6167		-bond,
6168		-
6169		-1543
6170		-01:10:53,700 ~-~-> 01:10:55,650
6171		-yield chart.
6172		-
6173		-1544
6174		-01:10:57,330 ~-~-> 01:10:58,560
6175		-Okay, when you click on that
6176		-
6177		-1545
6178		-01:11:00,480 ~-~-> 01:11:03,150
6179		-You're gonna again look for in the list
6180		-
6181		-1546
6182		-01:11:09,300 ~-~-> 01:11:12,390
6183		-us generic government 10 year yield
6184		-
6185		-1547
6186		-01:11:12,570 ~-~-> 01:11:13,440
6187		-analysis.
6188		-
6189		-1548
6190		-01:11:20,310 ~-~-> 01:11:22,950
6191		-Okay, let me see that is going to scroll
6192		-
6193		-1549
6194		-01:11:22,950 ~-~-> 01:11:26,040
6195		-down a little bit. You want to go and go
6196		-
6197		-1550
6198		-01:11:26,040 ~-~-> 01:11:27,870
6199		-to your chart here not a snapshot you
6200		-
6201		-1551
6202		-01:11:27,870 ~-~-> 01:11:28,710
6203		-want to go to chart
6204		-
6205		-1552
6206		-01:11:38,550 ~-~-> 01:11:39,750
6207		-okay and just
6208		-
6209		-1553
6210		-01:11:39,780 ~-~-> 01:11:45,660
6211		-do a year. Okay, what we have here is
6212		-
6213		-1554
6214		-01:11:45,930 ~-~-> 01:11:50,880
6215		-the fluctuations of the actual yield.
6216		-
6217		-1555
6218		-01:11:51,180 ~-~-> 01:11:53,460
6219		-Okay out the 10 year Treasury market.
6220		-
6221		-1556
6222		-01:11:54,270 ~-~-> 01:11:56,850
6223		-Now watch what happens. Let's go back to
6224		-
6225		-1557
6226		-01:11:56,850 ~-~-> 01:12:02,970
6227		-that 10 year. Tino chart Price made a
6228		-
6229		-1558
6230		-01:12:02,970 ~-~-> 01:12:05,400
6231		-high here in April and then going into
6232		-
6233		-1559
6234		-01:12:05,400 ~-~-> 01:12:07,080
6235		-May we made a higher high, you see that?
6236		-
6237		-1560
6238		-01:12:08,460 ~-~-> 01:12:10,530
6239		-Okay, then we made ultimate high in the
6240		-
6241		-1561
6242		-01:12:10,800 ~-~-> 01:12:13,140
6243		-market and traded lower. Let's go and
6244		-
6245		-1562
6246		-01:12:13,140 ~-~-> 01:12:16,950
6247		-you see a Converse relationship here in
6248		-
6249		-1563
6250		-01:12:16,950 ~-~-> 01:12:21,540
6251		-the yield. Okay, here's that low and
6252		-
6253		-1564
6254		-01:12:21,540 ~-~-> 01:12:25,110
6255		-then a lower, low in the yield. Again
6256		-
6257		-1565
6258		-01:12:25,140 ~-~-> 01:12:27,840
6259		-thinking inversely here, okay, all we
6260		-
6261		-1566
6262		-01:12:27,840 ~-~-> 01:12:30,840
6263		-did was have a mirror image of that
6264		-
6265		-1567
6266		-01:12:30,870 ~-~-> 01:12:33,210
6267		-happening here. Okay. And then there's
6268		-
6269		-1568
6270		-01:12:33,210 ~-~-> 01:12:36,630
6271		-been this rally up or sustained move in
6272		-
6273		-1569
6274		-01:12:36,630 ~-~-> 01:12:39,270
6275		-the bond yield. So as the bond market
6276		-
6277		-1570
6278		-01:12:40,440 ~-~-> 01:12:42,750
6279		-I'm sorry, the interest rate on the 10
6280		-
6281		-1571
6282		-01:12:42,750 ~-~-> 01:12:45,180
6283		-year has been moving up, okay. That
6284		-
6285		-1572
6286		-01:12:45,180 ~-~-> 01:12:47,100
6287		-means that the currency markets are
6288		-
6289		-1573
6290		-01:12:47,100 ~-~-> 01:12:50,190
6291		-going to be looking to rally. Okay, that
6292		-
6293		-1574
6294		-01:12:50,190 ~-~-> 01:12:51,420
6295		-means they're going to be looking to go
6296		-
6297		-1575
6298		-01:12:51,420 ~-~-> 01:12:55,590
6299		-higher. So now as a higher level
6300		-
6301		-1576
6302		-01:12:55,620 ~-~-> 01:12:58,590
6303		-timeframe, institutional sponsorship
6304		-
6305		-1577
6306		-01:12:58,620 ~-~-> 01:13:00,930
6307		-minded trader Like, that's what we're
6308		-
6309		-1578
6310		-01:13:00,930 ~-~-> 01:13:02,790
6311		-trying to cultivate in you right now.
6312		-
6313		-1579
6314		-01:13:03,360 ~-~-> 01:13:06,540
6315		-You want to be focusing the majority of
6316		-
6317		-1580
6318		-01:13:06,540 ~-~-> 01:13:08,760
6319		-your trading. Okay? Now, here's one of
6320		-
6321		-1581
6322		-01:13:08,760 ~-~-> 01:13:12,450
6323		-those notepad moments when you want to
6324		-
6325		-1582
6326		-01:13:12,450 ~-~-> 01:13:15,690
6327		-risk the maximum amount of leverage that
6328		-
6329		-1583
6330		-01:13:15,690 ~-~-> 01:13:18,360
6331		-your personal risk appetite permits,
6332		-
6333		-1584
6334		-01:13:18,390 ~-~-> 01:13:20,820
6335		-Okay, and let's put it out right now do
6336		-
6337		-1585
6338		-01:13:20,820 ~-~-> 01:13:23,730
6339		-not risk more than the industry standard
6340		-
6341		-1586
6342		-01:13:24,000 ~-~-> 01:13:27,450
6343		-2% per trade or maximum account exposure
6344		-
6345		-1587
6346		-01:13:27,750 ~-~-> 01:13:30,270
6347		-at any one time. Okay? And we're going
6348		-
6349		-1588
6350		-01:13:30,270 ~-~-> 01:13:32,640
6351		-to say that that's the case here. You
6352		-
6353		-1589
6354		-01:13:32,640 ~-~-> 01:13:35,580
6355		-have the green light, go to be risking
6356		-
6357		-1590
6358		-01:13:35,610 ~-~-> 01:13:38,040
6359		-2% or whatever your maximum is in your
6360		-
6361		-1591
6362		-01:13:38,040 ~-~-> 01:13:40,440
6363		-demo account. Again, this is for
6364		-
6365		-1592
6366		-01:13:40,680 ~-~-> 01:13:42,150
6367		-teaching purposes only and not giving
6368		-
6369		-1593
6370		-01:13:42,150 ~-~-> 01:13:44,100
6371		-you trade advice. You have to discern
6372		-
6373		-1594
6374		-01:13:44,100 ~-~-> 01:13:45,000
6375		-whether or not this is useful
6376		-
6377		-1595
6378		-01:13:45,000 ~-~-> 01:13:47,130
6379		-information to you. And if you trade on
6380		-
6381		-1596
6382		-01:13:47,130 ~-~-> 01:13:49,020
6383		-that with live funds, it's completely
6384		-
6385		-1597
6386		-01:13:49,020 ~-~-> 01:13:51,240
6387		-100%. Your responsibility you collect
6388		-
6389		-1598
6390		-01:13:51,240 ~-~-> 01:13:53,430
6391		-all the success and accolades. I don't
6392		-
6393		-1599
6394		-01:13:53,430 ~-~-> 01:13:57,420
6395		-want none of it. Okay. So by looking at
6396		-
6397		-1600
6398		-01:13:57,420 ~-~-> 01:13:59,820
6399		-this type of scenario, you could be
6400		-
6401		-1601
6402		-01:14:00,000 ~-~-> 01:14:05,550
6403		-Maximum risk trader as a buyer, okay,
6404		-
6405		-1602
6406		-01:14:05,670 ~-~-> 01:14:07,650
6407		-and what does that also mean for being a
6408		-
6409		-1603
6410		-01:14:07,650 ~-~-> 01:14:08,580
6411		-short seller, if you're an intraday
6412		-
6413		-1604
6414		-01:14:08,580 ~-~-> 01:14:11,940
6415		-trader don't risk maximum, okay? Because
6416		-
6417		-1605
6418		-01:14:11,940 ~-~-> 01:14:14,700
6419		-the higher level timeframe tide is
6420		-
6421		-1606
6422		-01:14:14,700 ~-~-> 01:14:16,620
6423		-poised to be moving higher, why? Because
6424		-
6425		-1607
6426		-01:14:16,620 ~-~-> 01:14:18,510
6427		-the yields are going up and eventually,
6428		-
6429		-1608
6430		-01:14:18,810 ~-~-> 01:14:20,370
6431		-the currencies you want to try to snap
6432		-
6433		-1609
6434		-01:14:20,400 ~-~-> 01:14:23,130
6435		-up and chase after that yield. Okay, so
6436		-
6437		-1610
6438		-01:14:23,130 ~-~-> 01:14:25,050
6439		-what does that mean? Well, let's look at
6440		-
6441		-1611
6442		-01:14:25,110 ~-~-> 01:14:30,840
6443		-April and May time period in the euro.
6444		-
6445		-1612
6446		-01:14:35,970 ~-~-> 01:14:37,860
6447		-Now, obviously, once you set these up,
6448		-
6449		-1613
6450		-01:14:37,860 ~-~-> 01:14:39,390
6451		-once you open your charts up like this,
6452		-
6453		-1614
6454		-01:14:39,630 ~-~-> 01:14:41,580
6455		-you're going to be wanting to save them
6456		-
6457		-1615
6458		-01:14:42,480 ~-~-> 01:14:45,270
6459		-in your Favorites tab. Okay, I have one
6460		-
6461		-1616
6462		-01:14:45,270 ~-~-> 01:14:47,730
6463		-for the euro for the bond. I'm sorry for
6464		-
6465		-1617
6466		-01:14:47,730 ~-~-> 01:14:50,010
6467		-the British pound for the dollar index
6468		-
6469		-1618
6470		-01:14:50,040 ~-~-> 01:14:52,440
6471		-and a half one for the 10 year t note.
6472		-
6473		-1619
6474		-01:14:54,300 ~-~-> 01:14:57,270
6475		-Okay, here is a weekly, because that's
6476		-
6477		-1620
6478		-01:14:57,270 ~-~-> 01:15:00,570
6479		-what I save. But we're gonna go down to
6480		-
6481		-1621
6482		-01:15:00,570 ~-~-> 01:15:07,290
6483		-a daily nearest. And I was put nine
6484		-
6485		-1622
6486		-01:15:07,290 ~-~-> 01:15:07,830
6487		-months of it.
6488		-
6489		-1623
6490		-01:15:09,269 ~-~-> 01:15:10,049
6491		-And we're gonna draw
6492		-
6493		-1624
6494		-01:15:10,860 ~-~-> 01:15:18,450
6495		-the chart. Okay, and I left the co2 data
6496		-
6497		-1625
6498		-01:15:18,450 ~-~-> 01:15:23,010
6499		-on there. But yeah, you guys know me I'm
6500		-
6501		-1626
6502		-01:15:23,010 ~-~-> 01:15:24,900
6503		-not about stuff like that I get it off
6504		-
6505		-1627
6506		-01:15:26,010 ~-~-> 01:15:28,650
6507		-it'll distract me. Okay, so I just took
6508		-
6509		-1628
6510		-01:15:28,650 ~-~-> 01:15:30,570
6511		-that off. And now what we're doing is
6512		-
6513		-1629
6514		-01:15:31,020 ~-~-> 01:15:35,640
6515		-we're looking at the here's the APR. And
6516		-
6517		-1630
6518		-01:15:35,640 ~-~-> 01:15:40,440
6519		-here's may timeframe where the Euro did
6520		-
6521		-1631
6522		-01:15:40,440 ~-~-> 01:15:43,590
6523		-what? We made a low here, came down,
6524		-
6525		-1632
6526		-01:15:43,980 ~-~-> 01:15:46,560
6527		-made a low, traded higher, came down in
6528		-
6529		-1633
6530		-01:15:46,560 ~-~-> 01:15:50,010
6531		-July, ran out the lows here, but this
6532		-
6533		-1634
6534		-01:15:50,010 ~-~-> 01:15:54,270
6535		-right here was suspect. Why? Because the
6536		-
6537		-1635
6538		-01:15:54,270 ~-~-> 01:15:56,610
6539		-yields are going higher. Okay, so while
6540		-
6541		-1636
6542		-01:15:56,610 ~-~-> 01:15:58,680
6543		-we did trade down to these levels, okay.
6544		-
6545		-1637
6546		-01:15:59,400 ~-~-> 01:16:01,800
6547		-Those that Watching my market reviews,
6548		-
6549		-1638
6550		-01:16:02,130 ~-~-> 01:16:05,610
6551		-okay, I discussed that the British Pound
6552		-
6553		-1639
6554		-01:16:06,180 ~-~-> 01:16:09,390
6555		-was poised to move higher as well all in
6556		-
6557		-1640
6558		-01:16:09,390 ~-~-> 01:16:12,510
6559		-the same time periods and that was the
6560		-
6561		-1641
6562		-01:16:12,510 ~-~-> 01:16:13,860
6563		-case you can see it happening and
6564		-
6565		-1642
6566		-01:16:13,860 ~-~-> 01:16:17,670
6567		-unfolding here. So we saw again, the
6568		-
6569		-1643
6570		-01:16:17,790 ~-~-> 01:16:20,400
6571		-fiber, Euro USD pair traded Higher,
6572		-
6573		-1644
6574		-01:16:20,400 ~-~-> 01:16:21,390
6575		-higher, higher, higher, higher, higher
6576		-
6577		-1645
6578		-01:16:21,390 ~-~-> 01:16:23,340
6579		-and where to trade to an old high blow
6580		-
6581		-1646
6582		-01:16:23,340 ~-~-> 01:16:25,710
6583		-it out just a little bit, but eventually
6584		-
6585		-1647
6586		-01:16:25,710 ~-~-> 01:16:30,000
6587		-now we're trading counter Okay, what the
6588		-
6589		-1648
6590		-01:16:30,240 ~-~-> 01:16:34,080
6591		-yield markets are suggesting, okay, so
6592		-
6593		-1649
6594		-01:16:36,030 ~-~-> 01:16:37,920
6595		-we could retrace a little bit deeper and
6596		-
6597		-1650
6598		-01:16:37,920 ~-~-> 01:16:40,020
6599		-try to trade up and fill this area here.
6600		-
6601		-1651
6602		-01:16:40,290 ~-~-> 01:16:43,290
6603		-But bottom line is is ultimately these
6604		-
6605		-1652
6606		-01:16:43,290 ~-~-> 01:16:45,960
6607		-are the types of moves. Okay, you want
6608		-
6609		-1653
6610		-01:16:45,960 ~-~-> 01:16:48,990
6611		-to be participating in. Okay. Do you see
6612		-
6613		-1654
6614		-01:16:48,990 ~-~-> 01:16:51,210
6615		-the majority or Lion's portion of the
6616		-
6617		-1655
6618		-01:16:51,210 ~-~-> 01:16:53,730
6619		-market moves are happening on the higher
6620		-
6621		-1656
6622		-01:16:54,090 ~-~-> 01:16:57,150
6623		-level timeframe being a buyer. Okay.
6624		-
6625		-1657
6626		-01:16:57,420 ~-~-> 01:17:03,210
6627		-Very, very sustained, long. Basically,
6628		-
6629		-1658
6630		-01:17:03,450 ~-~-> 01:17:05,010
6631		-you know, intermediate term swings are
6632		-
6633		-1659
6634		-01:17:05,010 ~-~-> 01:17:07,020
6635		-on the upside. Okay? Now granted,
6636		-
6637		-1660
6638		-01:17:07,050 ~-~-> 01:17:08,760
6639		-there's some profitability to be made
6640		-
6641		-1661
6642		-01:17:08,820 ~-~-> 01:17:11,130
6643		-going short. There's nothing arguing
6644		-
6645		-1662
6646		-01:17:11,130 ~-~-> 01:17:12,870
6647		-against that here. Okay? But we're
6648		-
6649		-1663
6650		-01:17:12,870 ~-~-> 01:17:14,370
6651		-saying is, is if you want to be
6652		-
6653		-1664
6654		-01:17:16,410 ~-~-> 01:17:19,500
6655		-directionally poised as a trader in only
6656		-
6657		-1665
6658		-01:17:19,500 ~-~-> 01:17:21,390
6659		-focusing on institutional level
6660		-
6661		-1666
6662		-01:17:21,900 ~-~-> 01:17:23,910
6663		-direction, okay, this is one way of
6664		-
6665		-1667
6666		-01:17:23,910 ~-~-> 01:17:31,290
6667		-doing it. Okay. Let's look at the bond
6668		-
6669		-1668
6670		-01:17:31,320 ~-~-> 01:17:35,430
6671		-yields chart again. Now, there is
6672		-
6673		-1669
6674		-01:17:35,430 ~-~-> 01:17:38,760
6675		-another opportunity to look behind the
6676		-
6677		-1670
6678		-01:17:38,760 ~-~-> 01:17:40,950
6679		-marketplace. Okay, we talked about this
6680		-
6681		-1671
6682		-01:17:40,950 ~-~-> 01:17:44,850
6683		-x ray view concept. I'm going to go to
6684		-
6685		-1672
6686		-01:17:45,000 ~-~-> 01:17:48,210
6687		-Google once again. And we're going to go
6688		-
6689		-1673
6690		-01:17:48,210 ~-~-> 01:17:51,450
6691		-and look at the 10 year
6692		-
6693		-1674
6694		-01:17:54,840 ~-~-> 01:17:55,530
6695		-German
6696		-
6697		-1675
6698		-01:17:57,450 ~-~-> 01:17:58,260
6699		-bond
6700		-
6701		-1676
6702		-01:17:59,280 ~-~-> 01:17:59,880
6703		-yield
6704		-
6705		-1677
6706		-01:18:01,079 ~-~-> 01:18:02,189
6707		-Okay, when you see that
6708		-
6709		-1678
6710		-01:18:03,750 ~-~-> 01:18:04,890
6711		-you're going to go to
6712		-
6713		-1679
6714		-01:18:06,450 ~-~-> 01:18:07,560
6715		-Are we out here sorry,
6716		-
6717		-1680
6718		-01:18:09,240 ~-~-> 01:18:11,160
6719		-German government bonds and here's it
6720		-
6721		-1681
6722		-01:18:11,190 ~-~-> 01:18:14,910
6723		-here when you see GD p r 10. That's the
6724		-
6725		-1682
6726		-01:18:14,910 ~-~-> 01:18:17,040
6727		-one we're looking for. Okay, all I'm
6728		-
6729		-1683
6730		-01:18:17,040 ~-~-> 01:18:19,890
6731		-doing is opening that up so that way I
6732		-
6733		-1684
6734		-01:18:19,890 ~-~-> 01:18:24,150
6735		-can cut and paste the symbol. If you
6736		-
6737		-1685
6738		-01:18:24,150 ~-~-> 01:18:27,060
6739		-want to have an individual chart like
6740		-
6741		-1686
6742		-01:18:27,060 ~-~-> 01:18:30,990
6743		-this, obviously you can do that. You can
6744		-
6745		-1687
6746		-01:18:30,990 ~-~-> 01:18:35,400
6747		-see now we have this chart. Now this is
6748		-
6749		-1688
6750		-01:18:35,400 ~-~-> 01:18:38,430
6751		-showing the 10 year rate of the German
6752		-
6753		-1689
6754		-01:18:38,850 ~-~-> 01:18:40,680
6755		-bond yield for 10 year rate.
6756		-
6757		-1690
6758		-01:18:43,650 ~-~-> 01:18:44,310
6759		-If you
6760		-
6761		-1691
6762		-01:18:47,190 ~-~-> 01:18:48,630
6763		-every time you open up a new chart,
6764		-
6765		-1692
6766		-01:18:48,870 ~-~-> 01:18:53,370
6767		-it'll give you your history. Okay. And
6768		-
6769		-1693
6770		-01:18:54,390 ~-~-> 01:18:57,780
6771		-what I'm only I'm gonna just copy that
6772		-
6773		-1694
6774		-01:19:00,630 ~-~-> 01:19:02,430
6775		-Cuz I don't trust myself to remember it
6776		-
6777		-1695
6778		-01:19:03,240 ~-~-> 01:19:06,210
6779		-when I get on this page and you got to
6780		-
6781		-1696
6782		-01:19:06,210 ~-~-> 01:19:10,530
6783		-type in colon ind. Okay and then what
6784		-
6785		-1697
6786		-01:19:10,530 ~-~-> 01:19:13,500
6787		-that does is it compares the two. Okay,
6788		-
6789		-1698
6790		-01:19:13,500 ~-~-> 01:19:16,920
6791		-so we have the Orange is the US 10 year
6792		-
6793		-1699
6794		-01:19:17,220 ~-~-> 01:19:20,400
6795		-bond yield and you have the green which
6796		-
6797		-1700
6798		-01:19:20,400 ~-~-> 01:19:22,410
6799		-is the German or which is closely
6800		-
6801		-1701
6802		-01:19:22,410 ~-~-> 01:19:27,000
6803		-associated to the fiber Euro USD. The
6804		-
6805		-1702
6806		-01:19:27,000 ~-~-> 01:19:29,250
6807		-green is seen here now, here's what I
6808		-
6809		-1703
6810		-01:19:29,250 ~-~-> 01:19:29,940
6811		-want you to look at.
6812		-
6813		-1704
6814		-01:19:31,230 ~-~-> 01:19:32,310
6815		-If you look at this chart
6816		-
6817		-1705
6818		-01:19:33,900 ~-~-> 01:19:37,620
6819		-you'll notice that the orange okay has a
6820		-
6821		-1706
6822		-01:19:37,620 ~-~-> 01:19:41,340
6823		-low here goes higher and goes lower
6824		-
6825		-1707
6826		-01:19:41,340 ~-~-> 01:19:43,410
6827		-again but look at the low is higher than
6828		-
6829		-1708
6830		-01:19:43,410 ~-~-> 01:19:45,930
6831		-it is here. You do not see that
6832		-
6833		-1709
6834		-01:19:45,930 ~-~-> 01:19:49,770
6835		-happening with the German. Okay, the
6836		-
6837		-1710
6838		-01:19:49,770 ~-~-> 01:19:52,410
6839		-German went lower. Okay, and you
6840		-
6841		-1711
6842		-01:19:52,410 ~-~-> 01:19:54,300
6843		-probably seen it easier if I went to
6844		-
6845		-1712
6846		-01:19:54,840 ~-~-> 01:19:58,680
6847		-three years. Yes, we went lower and the
6848		-
6849		-1713
6850		-01:19:58,680 ~-~-> 01:20:03,150
6851		-German higher in the US. So comparing
6852		-
6853		-1714
6854		-01:20:03,150 ~-~-> 01:20:08,460
6855		-the lows, respectively. There is a
6856		-
6857		-1715
6858		-01:20:08,670 ~-~-> 01:20:09,930
6859		-accumulation going on.
6860		-
6861		-1716
6862		-01:20:10,590 ~-~-> 01:20:11,490
6863		-And it's seen
6864		-
6865		-1717
6866		-01:20:11,970 ~-~-> 01:20:15,900
6867		-with the US bond yield. Okay, so now if
6868		-
6869		-1718
6870		-01:20:15,900 ~-~-> 01:20:17,670
6871		-we go back to Google once again
6872		-
6873		-1719
6874		-01:20:20,280 ~-~-> 01:20:21,570
6875		-and we do a 10
6876		-
6877		-1720
6878		-01:20:21,900 ~-~-> 01:20:22,560
6879		-year
6880		-
6881		-1721
6882		-01:20:23,640 ~-~-> 01:20:24,600
6883		-UK
6884		-
6885		-1722
6886		-01:20:25,440 ~-~-> 01:20:26,280
6887		-bond
6888		-
6889		-1723
6890		-01:20:29,130 ~-~-> 01:20:29,880
6891		-yield chart
6892		-
6893		-1724
6894		-01:20:31,680 ~-~-> 01:20:32,910
6895		-you've been looking for again the
6896		-
6897		-1725
6898		-01:20:32,910 ~-~-> 01:20:36,030
6899		-Bloomberg and it'll say government bond
6900		-
6901		-1726
6902		-01:20:36,030 ~-~-> 01:20:40,650
6903		-10 year note generic, the G UK, g eu 10
6904		-
6905		-1727
6906		-01:20:40,680 ~-~-> 01:20:43,680
6907		-ind. Okay, I'm just gonna copy it from
6908		-
6909		-1728
6910		-01:20:43,680 ~-~-> 01:20:50,070
6911		-here. And then actually open the
6912		-
6913		-1729
6914		-01:20:50,070 ~-~-> 01:20:52,620
6915		-troughs. You can see it. Now it's in my
6916		-
6917		-1730
6918		-01:20:52,620 ~-~-> 01:20:55,200
6919		-clipboard. I can just drop it in mine
6920		-
6921		-1731
6922		-01:20:55,380 ~-~-> 01:21:00,630
6923		-first chart for comparison reasons. You
6924		-
6925		-1732
6926		-01:21:00,630 ~-~-> 01:21:01,410
6927		-can see here
6928		-
6929		-1733
6930		-01:21:03,510 ~-~-> 01:21:04,410
6931		-change it to a year.
6932		-
6933		-1734
6934		-01:21:05,280 ~-~-> 01:21:06,510
6935		-You can see the same thing happening
6936		-
6937		-1735
6938		-01:21:06,510 ~-~-> 01:21:10,380
6939		-here that the bond market yield turns on
6940		-
6941		-1736
6942		-01:21:10,380 ~-~-> 01:21:12,090
6943		-the diamond that same April May time
6944		-
6945		-1737
6946		-01:21:12,090 ~-~-> 01:21:14,820
6947		-period and starts rallying up. So now if
6948		-
6949		-1738
6950		-01:21:14,820 ~-~-> 01:21:18,600
6951		-we go back to diff first chart already
6952		-
6953		-1739
6954		-01:21:18,600 ~-~-> 01:21:22,050
6955		-have the US in German. I'm going to
6956		-
6957		-1740
6958		-01:21:22,050 ~-~-> 01:21:28,830
6959		-paste the UK. And by having the three on
6960		-
6961		-1741
6962		-01:21:28,830 ~-~-> 01:21:34,050
6963		-here, you can see now the orange makes a
6964		-
6965		-1742
6966		-01:21:34,050 ~-~-> 01:21:38,310
6967		-lower low than we had here. The red
6968		-
6969		-1743
6970		-01:21:38,880 ~-~-> 01:21:41,490
6971		-makes a higher low and the green makes a
6972		-
6973		-1744
6974		-01:21:41,490 ~-~-> 01:21:43,020
6975		-lower low so there's a divergence
6976		-
6977		-1745
6978		-01:21:43,020 ~-~-> 01:21:45,930
6979		-between the three Okay, and if I go to a
6980		-
6981		-1746
6982		-01:21:45,930 ~-~-> 01:21:50,940
6983		-six month now you really can't see it's
6984		-
6985		-1747
6986		-01:21:50,940 ~-~-> 01:21:55,440
6987		-gonna be seen them in one year. But my
6988		-
6989		-1748
6990		-01:21:55,440 ~-~-> 01:21:58,020
6991		-advice would be is you want to pull this
6992		-
6993		-1749
6994		-01:21:58,020 ~-~-> 01:22:00,000
6995		-up every month and take yourself
6996		-
6997		-1750
6998		-01:22:00,000 ~-~-> 01:22:02,730
6999		-snapshot picture, just to create a
7000		-
7001		-1751
7002		-01:22:02,730 ~-~-> 01:22:05,550
7003		-screen capture. And just keep a record
7004		-
7005		-1752
7006		-01:22:05,550 ~-~-> 01:22:06,960
7007		-of it and you'll be able to go back and
7008		-
7009		-1753
7010		-01:22:06,960 ~-~-> 01:22:09,240
7011		-look at where it diverged. But
7012		-
7013		-1754
7014		-01:22:09,240 ~-~-> 01:22:10,290
7015		-basically, if you look at every three
7016		-
7017		-1755
7018		-01:22:10,290 ~-~-> 01:22:12,600
7019		-months or so there is a shift. Okay?
7020		-
7021		-1756
7022		-01:22:12,600 ~-~-> 01:22:15,660
7023		-There's a shift in these, these yields,
7024		-
7025		-1757
7026		-01:22:15,840 ~-~-> 01:22:17,250
7027		-okay? And you can see the happening here
7028		-
7029		-1758
7030		-01:22:17,250 ~-~-> 01:22:18,750
7031		-and beginning of the year where the
7032		-
7033		-1759
7034		-01:22:18,750 ~-~-> 01:22:21,900
7035		-green or the German tenure did not make
7036		-
7037		-1760
7038		-01:22:21,900 ~-~-> 01:22:28,620
7039		-a higher high, whereas the British UK
7040		-
7041		-1761
7042		-01:22:28,650 ~-~-> 01:22:31,500
7043		-yielded, and said that the American so
7044		-
7045		-1762
7046		-01:22:31,500 ~-~-> 01:22:33,420
7047		-that was the shift when they started to
7048		-
7049		-1763
7050		-01:22:33,420 ~-~-> 01:22:35,730
7051		-move lower. Okay, so there is a
7052		-
7053		-1764
7054		-01:22:35,850 ~-~-> 01:22:38,220
7055		-continuous move up and down, up and
7056		-
7057		-1765
7058		-01:22:38,220 ~-~-> 01:22:39,210
7059		-down. But generally around the
7060		-
7061		-1766
7062		-01:22:39,210 ~-~-> 01:22:40,830
7063		-springtime, there's a sustained move
7064		-
7065		-1767
7066		-01:22:41,700 ~-~-> 01:22:45,600
7067		-that moves throughout the summer. And
7068		-
7069		-1768
7070		-01:22:45,600 ~-~-> 01:22:50,340
7071		-it's based on income tax and portfolio
7072		-
7073		-1769
7074		-01:22:50,340 ~-~-> 01:22:52,620
7075		-addressing that goes along with, you
7076		-
7077		-1770
7078		-01:22:52,620 ~-~-> 01:22:56,430
7079		-know, money flow, moving things from one
7080		-
7081		-1771
7082		-01:22:56,430 ~-~-> 01:22:59,370
7083		-asset class to another. A new overall
7084		-
7085		-1772
7086		-01:22:59,370 ~-~-> 01:23:01,740
7087		-basic level Well, you know, money
7088		-
7089		-1773
7090		-01:23:01,740 ~-~-> 01:23:03,870
7091		-system, okay? And it just repeats all
7092		-
7093		-1774
7094		-01:23:03,870 ~-~-> 01:23:06,390
7095		-the times it's, it's always there if you
7096		-
7097		-1775
7098		-01:23:06,390 ~-~-> 01:23:09,060
7099		-just look at the higher timeframe, macro
7100		-
7101		-1776
7102		-01:23:09,060 ~-~-> 01:23:11,010
7103		-view like this it's very easy to get in
7104		-
7105		-1777
7106		-01:23:11,010 ~-~-> 01:23:13,200
7107		-sync with the tide. Now just for
7108		-
7109		-1778
7110		-01:23:13,200 ~-~-> 01:23:15,540
7111		-completeness sake Okay, we're going to
7112		-
7113		-1779
7114		-01:23:15,540 ~-~-> 01:23:18,000
7115		-look at the British Pound
7116		-
7117		-1780
7118		-01:23:23,220 ~-~-> 01:23:27,600
7119		-okay and we're just gonna show you the
7120		-
7121		-1781
7122		-01:23:27,600 ~-~-> 01:23:30,360
7123		-effects. Again just for completeness
7124		-
7125		-1782
7126		-01:23:30,360 ~-~-> 01:23:33,420
7127		-sake not to that we're going to utilize
7128		-
7129		-1783
7130		-01:23:33,420 ~-~-> 01:23:34,050
7131		-in the
7132		-
7133		-1784
7134		-01:23:37,230 ~-~-> 01:23:37,800
7135		-cable
7136		-
7137		-1785
7138		-01:23:40,680 ~-~-> 01:23:45,120
7139		-in our examples but wants you to see
7140		-
7141		-1786
7142		-01:23:45,180 ~-~-> 01:23:48,090
7143		-that the effects are similar with this
7144		-
7145		-1787
7146		-01:23:48,090 ~-~-> 01:23:54,960
7147		-pair as well. Okay, here's our April now
7148		-
7149		-1788
7150		-01:23:54,990 ~-~-> 01:23:58,110
7151		-it actually made a low earlier in the
7152		-
7153		-1789
7154		-01:23:58,110 ~-~-> 01:24:00,660
7155		-year came off. Here's a loaded tradable.
7156		-
7157		-1790
7158		-01:24:01,320 ~-~-> 01:24:03,570
7159		-Here's a mailer that was tradable. And
7160		-
7161		-1791
7162		-01:24:03,570 ~-~-> 01:24:05,550
7163		-we came down this is where I was telling
7164		-
7165		-1792
7166		-01:24:05,550 ~-~-> 01:24:07,800
7167		-everyone in my market review in advance
7168		-
7169		-1793
7170		-01:24:07,800 ~-~-> 01:24:09,330
7171		-that this level here was going to be
7172		-
7173		-1794
7174		-01:24:09,870 ~-~-> 01:24:12,090
7175		-sensitive, and we would see a buying
7176		-
7177		-1795
7178		-01:24:12,090 ~-~-> 01:24:16,020
7179		-opportunity. And here we are 900 pips
7180		-
7181		-1796
7182		-01:24:16,050 ~-~-> 01:24:18,600
7183		-later, we're up here. And where was he
7184		-
7185		-1797
7186		-01:24:18,600 ~-~-> 01:24:21,360
7187		-going to go back to an old high? Why was
7188		-
7189		-1798
7190		-01:24:21,360 ~-~-> 01:24:22,980
7191		-it rallying up like this and canoeing
7192		-
7193		-1799
7194		-01:24:22,980 ~-~-> 01:24:24,120
7195		-pushing Higher, higher and higher and
7196		-
7197		-1800
7198		-01:24:24,120 ~-~-> 01:24:25,800
7199		-higher? Everyone scratching their head
7200		-
7201		-1801
7202		-01:24:25,800 ~-~-> 01:24:27,870
7203		-saying what's going on? It's because
7204		-
7205		-1802
7206		-01:24:27,870 ~-~-> 01:24:30,540
7207		-it's chasing the yields. Okay? And it's
7208		-
7209		-1803
7210		-01:24:30,540 ~-~-> 01:24:32,250
7211		-been no clear discernible means of
7212		-
7213		-1804
7214		-01:24:32,250 ~-~-> 01:24:34,410
7215		-reversing in the yield market. So
7216		-
7217		-1805
7218		-01:24:34,410 ~-~-> 01:24:35,910
7219		-therefore, there's no real clear,
7220		-
7221		-1806
7222		-01:24:35,970 ~-~-> 01:24:37,860
7223		-discernible reason to expect this thing
7224		-
7225		-1807
7226		-01:24:38,220 ~-~-> 01:24:40,200
7227		-to reverse and trade and blow out this
7228		-
7229		-1808
7230		-01:24:40,200 ~-~-> 01:24:43,050
7231		-low. So I would still be hunting.
7232		-
7233		-1809
7234		-01:24:44,370 ~-~-> 01:24:47,280
7235		-bullish scenarios longer term, but
7236		-
7237		-1810
7238		-01:24:47,280 ~-~-> 01:24:48,900
7239		-certainly not negating any short term
7240		-
7241		-1811
7242		-01:24:48,930 ~-~-> 01:24:51,150
7243		-intraday, scalping or short term
7244		-
7245		-1812
7246		-01:24:51,150 ~-~-> 01:24:53,820
7247		-intraday day trading scenarios for being
7248		-
7249		-1813
7250		-01:24:53,820 ~-~-> 01:24:58,170
7251		-a bear. So now we have covered the
7252		-
7253		-1814
7254		-01:24:59,610 ~-~-> 01:25:01,590
7255		-10 years rate,
7256		-
7257		-1815
7258		-01:25:02,460 ~-~-> 01:25:04,800
7259		-two, I'm sorry, 10 year t note, okay, if
7260		-
7261		-1816
7262		-01:25:04,800 ~-~-> 01:25:06,780
7263		-you do your analysis on this futures
7264		-
7265		-1817
7266		-01:25:06,780 ~-~-> 01:25:09,690
7267		-market, everything is reverse in terms
7268		-
7269		-1818
7270		-01:25:09,690 ~-~-> 01:25:12,900
7271		-of the interest rates yield. And if the
7272		-
7273		-1819
7274		-01:25:12,900 ~-~-> 01:25:15,570
7275		-10 years going lower, that means that
7276		-
7277		-1820
7278		-01:25:15,570 ~-~-> 01:25:18,300
7279		-the bonds are going higher the actual
7280		-
7281		-1821
7282		-01:25:18,300 ~-~-> 01:25:21,840
7283		-rate yielding the interest rate. And if
7284		-
7285		-1822
7286		-01:25:21,840 ~-~-> 01:25:23,670
7287		-that's the case, the currency markets
7288		-
7289		-1823
7290		-01:25:23,670 ~-~-> 01:25:25,740
7291		-are going to chase yield. Okay? So if
7292		-
7293		-1824
7294		-01:25:25,740 ~-~-> 01:25:27,090
7295		-the yields are dropping, they're going
7296		-
7297		-1825
7298		-01:25:27,090 ~-~-> 01:25:29,490
7299		-to go on fall it and if it's going up,
7300		-
7301		-1826
7302		-01:25:29,790 ~-~-> 01:25:31,650
7303		-it's going to be falling as well. Okay.
7304		-
7305		-1827
7306		-01:25:32,130 ~-~-> 01:25:34,800
7307		-So if that's been cyfle to you, and
7308		-
7309		-1828
7310		-01:25:34,920 ~-~-> 01:25:36,240
7311		-obviously, you know, it's going to take
7312		-
7313		-1829
7314		-01:25:36,240 ~-~-> 01:25:39,480
7315		-some time in a long time to learn this
7316		-
7317		-1830
7318		-01:25:39,480 ~-~-> 01:25:42,030
7319		-concept because it takes a while for
7320		-
7321		-1831
7322		-01:25:42,030 ~-~-> 01:25:44,130
7323		-these things to cycle through, you know,
7324		-
7325		-1832
7326		-01:25:44,130 ~-~-> 01:25:45,930
7327		-on an annual basis and quarterly basis,
7328		-
7329		-1833
7330		-01:25:45,930 ~-~-> 01:25:47,160
7331		-but I promise you if you'd spent some
7332		-
7333		-1834
7334		-01:25:47,160 ~-~-> 01:25:49,560
7335		-time it'll be absolutely a wealth of
7336		-
7337		-1835
7338		-01:25:49,560 ~-~-> 01:25:52,680
7339		-insight that is not gleaned anywhere on
7340		-
7341		-1836
7342		-01:25:52,680 ~-~-> 01:25:58,800
7343		-the internet. Okay, guys, we are looking
7344		-
7345		-1837
7346		-01:25:58,800 ~-~-> 01:26:01,350
7347		-at the time frame section of this
7348		-
7349		-1838
7350		-01:26:01,350 ~-~-> 01:26:05,880
7351		-episode. Now, obviously, you know, it
7352		-
7353		-1839
7354		-01:26:05,880 ~-~-> 01:26:07,230
7355		-can be very daunting for you as a
7356		-
7357		-1840
7358		-01:26:07,230 ~-~-> 01:26:09,060
7359		-trader, especially if you're new. And
7360		-
7361		-1841
7362		-01:26:09,060 ~-~-> 01:26:10,530
7363		-you just sit down in front of the charts
7364		-
7365		-1842
7366		-01:26:10,530 ~-~-> 01:26:11,490
7367		-and you're thinking yourself, you know,
7368		-
7369		-1843
7370		-01:26:11,490 ~-~-> 01:26:13,350
7371		-what am I supposed to be looking at? And
7372		-
7373		-1844
7374		-01:26:13,380 ~-~-> 01:26:14,490
7375		-especially looking at a five minute
7376		-
7377		-1845
7378		-01:26:14,490 ~-~-> 01:26:16,860
7379		-chart, how about 30 minute chart? You
7380		-
7381		-1846
7382		-01:26:16,860 ~-~-> 01:26:18,240
7383		-know, the guy I've read on the forum
7384		-
7385		-1847
7386		-01:26:18,240 ~-~-> 01:26:19,950
7387		-said, he looks at a two minute chart and
7388		-
7389		-1848
7390		-01:26:19,950 ~-~-> 01:26:21,060
7391		-how about the other guy, he looks at a
7392		-
7393		-1849
7394		-01:26:21,060 ~-~-> 01:26:23,070
7395		-tick chart? And as the guy says he
7396		-
7397		-1850
7398		-01:26:23,070 ~-~-> 01:26:24,510
7399		-looking at anything but a weekly chart,
7400		-
7401		-1851
7402		-01:26:24,540 ~-~-> 01:26:25,620
7403		-you know, so what do you do with all
7404		-
7405		-1852
7406		-01:26:25,620 ~-~-> 01:26:28,260
7407		-that? Well, the main thing is, is you
7408		-
7409		-1853
7410		-01:26:28,260 ~-~-> 01:26:30,360
7411		-have to keep in mind that whatever
7412		-
7413		-1854
7414		-01:26:30,360 ~-~-> 01:26:32,910
7415		-timeframe you're trading, that's where
7416		-
7417		-1855
7418		-01:26:32,910 ~-~-> 01:26:35,700
7419		-you work within. Okay. So basically,
7420		-
7421		-1856
7422		-01:26:35,700 ~-~-> 01:26:37,950
7423		-knowing your timeframe for your trade is
7424		-
7425		-1857
7426		-01:26:37,950 ~-~-> 01:26:40,320
7427		-your primary objective. Now, the
7428		-
7429		-1858
7430		-01:26:40,320 ~-~-> 01:26:43,230
7431		-professional perspective, okay, that the
7432		-
7433		-1859
7434		-01:26:43,230 ~-~-> 01:26:46,020
7435		-frame of your trade should be at least
7436		-
7437		-1860
7438		-01:26:46,290 ~-~-> 01:26:48,330
7439		-built upon three timeframes. And that's
7440		-
7441		-1861
7442		-01:26:48,330 ~-~-> 01:26:50,970
7443		-what we're teaching here. I'm building a
7444		-
7445		-1862
7446		-01:26:50,970 ~-~-> 01:26:54,180
7447		-large introduction into basically
7448		-
7449		-1863
7450		-01:26:54,210 ~-~-> 01:26:56,490
7451		-Alexander elders triple screen approach
7452		-
7453		-1864
7454		-01:26:56,490 ~-~-> 01:27:00,690
7455		-with an ICT twist. So if Position
7456		-
7457		-1865
7458		-01:27:00,690 ~-~-> 01:27:03,360
7459		-trader, you would utilize the monthly
7460		-
7461		-1866
7462		-01:27:03,360 ~-~-> 01:27:05,790
7463		-the weekly in a daily chart, okay, and
7464		-
7465		-1867
7466		-01:27:05,790 ~-~-> 01:27:07,500
7467		-you'd be looking for monthly higher
7468		-
7469		-1868
7470		-01:27:07,500 ~-~-> 01:27:09,660
7471		-level timeframe support resistance
7472		-
7473		-1869
7474		-01:27:09,660 ~-~-> 01:27:12,690
7475		-levels and reaction levels and weekly
7476		-
7477		-1870
7478		-01:27:12,780 ~-~-> 01:27:15,120
7479		-chart as well and then keying off of the
7480		-
7481		-1871
7482		-01:27:15,120 ~-~-> 01:27:17,310
7483		-daily chart for your trades. Now in this
7484		-
7485		-1872
7486		-01:27:17,310 ~-~-> 01:27:18,870
7487		-time frame, you don't need to be in
7488		-
7489		-1873
7490		-01:27:18,870 ~-~-> 01:27:20,460
7491		-front of the charts all the time. In
7492		-
7493		-1874
7494		-01:27:20,460 ~-~-> 01:27:22,830
7495		-fact, you're probably going to be
7496		-
7497		-1875
7498		-01:27:22,860 ~-~-> 01:27:25,440
7499		-trading very few setups throughout the
7500		-
7501		-1876
7502		-01:27:25,440 ~-~-> 01:27:27,750
7503		-year. But for those that have really
7504		-
7505		-1877
7506		-01:27:27,750 ~-~-> 01:27:32,340
7507		-very, very few hours of the week, to put
7508		-
7509		-1878
7510		-01:27:32,340 ~-~-> 01:27:35,580
7511		-into trading, position trades may be the
7512		-
7513		-1879
7514		-01:27:35,580 ~-~-> 01:27:38,160
7515		-way to go. If you're a little bit more
7516		-
7517		-1880
7518		-01:27:38,250 ~-~-> 01:27:40,830
7519		-free, and you have a lot more hours
7520		-
7521		-1881
7522		-01:27:40,920 ~-~-> 01:27:44,580
7523		-available to you for intraday, or I'm
7524		-
7525		-1882
7526		-01:27:44,580 ~-~-> 01:27:47,370
7527		-sorry intra week trading, swing trades
7528		-
7529		-1883
7530		-01:27:47,640 ~-~-> 01:27:50,550
7531		-might be up your alley. We use the
7532		-
7533		-1884
7534		-01:27:50,550 ~-~-> 01:27:52,560
7535		-daily, the four hour and the one hour
7536		-
7537		-1885
7538		-01:27:52,560 ~-~-> 01:27:54,030
7539		-chart and that's really what this series
7540		-
7541		-1886
7542		-01:27:54,030 ~-~-> 01:27:56,880
7543		-has been framed about. The daily chart
7544		-
7545		-1887
7546		-01:27:56,910 ~-~-> 01:27:58,200
7547		-and for our chart really are the
7548		-
7549		-1888
7550		-01:27:58,200 ~-~-> 01:28:02,490
7551		-institutional framework For your your
7552		-
7553		-1889
7554		-01:28:02,490 ~-~-> 01:28:04,860
7555		-trade setups and your your trade ideas,
7556		-
7557		-1890
7558		-01:28:05,730 ~-~-> 01:28:09,000
7559		-the one hour basis, you could, you could
7560		-
7561		-1891
7562		-01:28:09,030 ~-~-> 01:28:10,980
7563		-substitute that with a 15 minute chart,
7564		-
7565		-1892
7566		-01:28:11,010 ~-~-> 01:28:13,620
7567		-it's really up to you. Okay, there's
7568		-
7569		-1893
7570		-01:28:13,620 ~-~-> 01:28:14,850
7571		-that's where the level of flexibility
7572		-
7573		-1894
7574		-01:28:14,850 ~-~-> 01:28:17,880
7575		-comes in. Now short term trading, your
7576		-
7577		-1895
7578		-01:28:17,880 ~-~-> 01:28:19,860
7579		-high timeframe chart would be the four
7580		-
7581		-1896
7582		-01:28:19,860 ~-~-> 01:28:21,750
7583		-hour and the one hour be in your mid
7584		-
7585		-1897
7586		-01:28:21,750 ~-~-> 01:28:23,880
7587		-timeframe and your 15 minute chart would
7588		-
7589		-1898
7590		-01:28:23,880 ~-~-> 01:28:26,370
7591		-be your execution timeframe. And
7592		-
7593		-1899
7594		-01:28:26,370 ~-~-> 01:28:27,900
7595		-obviously, for day trades and scalps,
7596		-
7597		-1900
7598		-01:28:27,930 ~-~-> 01:28:29,430
7599		-your one hour would be higher, higher
7600		-
7601		-1901
7602		-01:28:29,430 ~-~-> 01:28:30,960
7603		-timeframe, your 15 minute would be your
7604		-
7605		-1902
7606		-01:28:30,960 ~-~-> 01:28:33,120
7607		-mid timeframe and your five minute chart
7608		-
7609		-1903
7610		-01:28:33,120 ~-~-> 01:28:35,340
7611		-would be your execution timeframe. Now
7612		-
7613		-1904
7614		-01:28:35,340 ~-~-> 01:28:38,940
7615		-at any one of these levels of timeframe
7616		-
7617		-1905
7618		-01:28:38,940 ~-~-> 01:28:41,370
7619		-analysis, you can always break it down
7620		-
7621		-1906
7622		-01:28:41,370 ~-~-> 01:28:46,500
7623		-further to the lowest form of charting.
7624		-
7625		-1907
7626		-01:28:46,500 ~-~-> 01:28:47,970
7627		-In other words, you could go down to a
7628		-
7629		-1908
7630		-01:28:47,970 ~-~-> 01:28:49,620
7631		-one minute chart. Now I don't use one
7632		-
7633		-1909
7634		-01:28:49,620 ~-~-> 01:28:51,990
7635		-minute charts. The lowest I go is five
7636		-
7637		-1910
7638		-01:28:51,990 ~-~-> 01:28:53,580
7639		-minutes. And that's only when I've
7640		-
7641		-1911
7642		-01:28:53,640 ~-~-> 01:28:56,250
7643		-really honed in to a specific key level.
7644		-
7645		-1912
7646		-01:28:56,550 ~-~-> 01:28:58,350
7647		-And I'm in either either day trading or
7648		-
7649		-1913
7650		-01:28:58,350 ~-~-> 01:29:01,080
7651		-scalping, which I don't do very much But
7652		-
7653		-1914
7654		-01:29:01,110 ~-~-> 01:29:03,630
7655		-most of my trades are day trades, short
7656		-
7657		-1915
7658		-01:29:03,630 ~-~-> 01:29:06,780
7659		-term, and swing trades. But that's the
7660		-
7661		-1916
7662		-01:29:06,780 ~-~-> 01:29:08,250
7663		-framework you utilize when you're
7664		-
7665		-1917
7666		-01:29:08,280 ~-~-> 01:29:09,810
7667		-breaking down the market and how you
7668		-
7669		-1918
7670		-01:29:09,810 ~-~-> 01:29:11,940
7671		-digest it. And if you're going to be a
7672		-
7673		-1919
7674		-01:29:12,210 ~-~-> 01:29:13,950
7675		-specific type of trader, if you work
7676		-
7677		-1920
7678		-01:29:13,950 ~-~-> 01:29:15,240
7679		-with these three timeframes, as it
7680		-
7681		-1921
7682		-01:29:15,240 ~-~-> 01:29:17,700
7683		-should, as suggestions, I think they'll
7684		-
7685		-1922
7686		-01:29:17,700 ~-~-> 01:29:19,410
7687		-work well with you in terms of your
7688		-
7689		-1923
7690		-01:29:19,410 ~-~-> 01:29:23,550
7691		-development. Alright, let's talk about
7692		-
7693		-1924
7694		-01:29:23,820 ~-~-> 01:29:25,800
7695		-cycles in the marketplace. Okay, we're
7696		-
7697		-1925
7698		-01:29:25,800 ~-~-> 01:29:27,420
7699		-gonna be talking about some smart money
7700		-
7701		-1926
7702		-01:29:27,420 ~-~-> 01:29:29,730
7703		-concepts and some of these concepts.
7704		-
7705		-1927
7706		-01:29:30,150 ~-~-> 01:29:32,790
7707		-Again, go back to Larry Williams. And
7708		-
7709		-1928
7710		-01:29:32,790 ~-~-> 01:29:34,830
7711		-again, he was one of my first technical
7712		-
7713		-1929
7714		-01:29:34,830 ~-~-> 01:29:38,310
7715		-analyst, quote, unquote, mentors. And
7716		-
7717		-1930
7718		-01:29:38,340 ~-~-> 01:29:40,860
7719		-one of the coolest things I learned and
7720		-
7721		-1931
7722		-01:29:40,890 ~-~-> 01:29:42,360
7723		-it didn't really hit me until I started
7724		-
7725		-1932
7726		-01:29:42,360 ~-~-> 01:29:44,520
7727		-trading the bond market in the s&p but
7728		-
7729		-1933
7730		-01:29:46,020 ~-~-> 01:29:48,480
7731		-he taught a concept it's very, very
7732		-
7733		-1934
7734		-01:29:48,480 ~-~-> 01:29:50,310
7735		-generic, and it goes right over your
7736		-
7737		-1935
7738		-01:29:50,310 ~-~-> 01:29:51,270
7739		-head. If you're a new trader, you're
7740		-
7741		-1936
7742		-01:29:51,270 ~-~-> 01:29:52,890
7743		-thinking yourself What a stupid or
7744		-
7745		-1937
7746		-01:29:53,100 ~-~-> 01:29:54,840
7747		-that's not the, you know, exciting,
7748		-
7749		-1938
7750		-01:29:54,930 ~-~-> 01:29:57,570
7751		-that's pretty obvious. But it's amazing
7752		-
7753		-1939
7754		-01:29:57,570 ~-~-> 01:29:59,010
7755		-how when you're trading or you're
7756		-
7757		-1940
7758		-01:29:59,010 ~-~-> 01:30:00,240
7759		-looking for setups you forget This
7760		-
7761		-1941
7762		-01:30:00,240 ~-~-> 01:30:00,900
7763		-phenomenon.
7764		-
7765		-1942
7766		-01:30:02,159 ~-~-> 01:30:04,709
7767		-diff concept is basically how the market
7768		-
7769		-1943
7770		-01:30:04,709 ~-~-> 01:30:06,899
7771		-moves from trading ranges or
7772		-
7773		-1944
7774		-01:30:06,899 ~-~-> 01:30:10,229
7775		-consolidations, to swings or trends and
7776		-
7777		-1945
7778		-01:30:10,229 ~-~-> 01:30:11,639
7779		-they move immediately right back into a
7780		-
7781		-1946
7782		-01:30:11,639 ~-~-> 01:30:13,919
7783		-consolidation. And then after
7784		-
7785		-1947
7786		-01:30:13,919 ~-~-> 01:30:15,539
7787		-consolidation, people get sick and tired
7788		-
7789		-1948
7790		-01:30:15,539 ~-~-> 01:30:16,829
7791		-of the marketplace, they don't worry
7792		-
7793		-1949
7794		-01:30:16,829 ~-~-> 01:30:19,289
7795		-about getting in, or they chased the
7796		-
7797		-1950
7798		-01:30:19,289 ~-~-> 01:30:22,469
7799		-previous move. And that inside that Oh,
7800		-
7801		-1951
7802		-01:30:22,469 ~-~-> 01:30:24,239
7803		-consolidation, or these rectangles or
7804		-
7805		-1952
7806		-01:30:24,239 ~-~-> 01:30:25,679
7807		-squares, if you look at on this chart is
7808		-
7809		-1953
7810		-01:30:25,679 ~-~-> 01:30:30,059
7811		-as an example. That's where dealers and
7812		-
7813		-1954
7814		-01:30:30,059 ~-~-> 01:30:32,729
7815		-market makers establish their positions.
7816		-
7817		-1955
7818		-01:30:32,759 ~-~-> 01:30:36,149
7819		-Okay. So, we do not chase the
7820		-
7821		-1956
7822		-01:30:36,149 ~-~-> 01:30:38,219
7823		-marketplace. We do not chase price
7824		-
7825		-1957
7826		-01:30:38,219 ~-~-> 01:30:40,739
7827		-rallies, we do not chase price declines.
7828		-
7829		-1958
7830		-01:30:40,769 ~-~-> 01:30:44,009
7831		-We work within these consolidations,
7832		-
7833		-1959
7834		-01:30:44,189 ~-~-> 01:30:46,319
7835		-smart money accumulates during
7836		-
7837		-1960
7838		-01:30:46,319 ~-~-> 01:30:48,299
7839		-consolidations or when the markets not
7840		-
7841		-1961
7842		-01:30:48,329 ~-~-> 01:30:51,299
7843		-attractive, okay? And we're going to
7844		-
7845		-1962
7846		-01:30:51,299 ~-~-> 01:30:52,799
7847		-build on this model as we go through the
7848		-
7849		-1963
7850		-01:30:52,799 ~-~-> 01:30:54,089
7851		-series, but it's very important for you
7852		-
7853		-1964
7854		-01:30:54,089 ~-~-> 01:30:55,919
7855		-to start looking at the charts with this
7856		-
7857		-1965
7858		-01:30:55,919 ~-~-> 01:30:58,589
7859		-premise in mind, are we consolidating
7860		-
7861		-1966
7862		-01:30:58,589 ~-~-> 01:31:01,559
7863		-because that's the next The precursor is
7864		-
7865		-1967
7866		-01:31:01,589 ~-~-> 01:31:04,169
7867		-the consolidation, then the next thing
7868		-
7869		-1968
7870		-01:31:04,169 ~-~-> 01:31:06,149
7871		-to expect would be that he released that
7872		-
7873		-1969
7874		-01:31:06,149 ~-~-> 01:31:08,969
7875		-dynamic thrust up or down in price
7876		-
7877		-1970
7878		-01:31:08,969 ~-~-> 01:31:10,109
7879		-action where everybody gets really
7880		-
7881		-1971
7882		-01:31:10,109 ~-~-> 01:31:11,879
7883		-excited. You see everybody tweeting
7884		-
7885		-1972
7886		-01:31:11,879 ~-~-> 01:31:13,409
7887		-about it, you see every analysts saying
7888		-
7889		-1973
7890		-01:31:13,409 ~-~-> 01:31:14,969
7891		-they had it right? For the last six
7892		-
7893		-1974
7894		-01:31:14,969 ~-~-> 01:31:17,639
7895		-months. That's really what you're
7896		-
7897		-1975
7898		-01:31:17,639 ~-~-> 01:31:19,049
7899		-looking for. You want to be in there
7900		-
7901		-1976
7902		-01:31:19,049 ~-~-> 01:31:20,729
7903		-before everyone else is talking about
7904		-
7905		-1977
7906		-01:31:20,729 ~-~-> 01:31:21,269
7907		-it. Okay?
7908		-
7909		-1978
7910		-01:31:23,730 ~-~-> 01:31:25,710
7911		-So we're gonna be talking about the
7912		-
7913		-1979
7914		-01:31:25,710 ~-~-> 01:31:28,770
7915		-concept of power of three. Okay? And
7916		-
7917		-1980
7918		-01:31:29,250 ~-~-> 01:31:32,640
7919		-what this is, is basically a
7920		-
7921		-1981
7922		-01:31:32,670 ~-~-> 01:31:35,010
7923		-understanding of how the market works on
7924		-
7925		-1982
7926		-01:31:35,010 ~-~-> 01:31:36,600
7927		-a daily range. Okay, now we're going to
7928		-
7929		-1983
7930		-01:31:36,600 ~-~-> 01:31:39,510
7931		-be looking at this bar chart. Okay. Now,
7932		-
7933		-1984
7934		-01:31:39,510 ~-~-> 01:31:41,790
7935		-obviously, we deal with candlesticks, a
7936		-
7937		-1985
7938		-01:31:41,790 ~-~-> 01:31:44,520
7939		-lot in my videos, and maybe in your own
7940		-
7941		-1986
7942		-01:31:44,850 ~-~-> 01:31:47,100
7943		-trading and your technical analysis. But
7944		-
7945		-1987
7946		-01:31:47,100 ~-~-> 01:31:48,960
7947		-for a couple minutes, let's spend a few
7948		-
7949		-1988
7950		-01:31:48,960 ~-~-> 01:31:51,630
7951		-moments talking about how the open high
7952		-
7953		-1989
7954		-01:31:51,630 ~-~-> 01:31:55,950
7955		-low close bar is beneficial. Now, I'm
7956		-
7957		-1990
7958		-01:31:55,950 ~-~-> 01:31:57,720
7959		-not going to give you a full trees on on
7960		-
7961		-1991
7962		-01:31:57,720 ~-~-> 01:31:59,970
7963		-this because I have actually a tutorial
7964		-
7965		-1992
7966		-01:32:00,000 ~-~-> 01:32:02,190
7967		-rereleasing that has much more insight
7968		-
7969		-1993
7970		-01:32:02,220 ~-~-> 01:32:04,140
7971		-that I'm going to go over in that but
7972		-
7973		-1994
7974		-01:32:04,440 ~-~-> 01:32:05,310
7975		-this is going to be a brief
7976		-
7977		-1995
7978		-01:32:05,310 ~-~-> 01:32:08,340
7979		-introduction. The concept briefly is
7980		-
7981		-1996
7982		-01:32:08,340 ~-~-> 01:32:10,920
7983		-this when the market opens up on a daily
7984		-
7985		-1997
7986		-01:32:10,920 ~-~-> 01:32:13,740
7987		-range, okay, you as a trader, you want
7988		-
7989		-1998
7990		-01:32:13,740 ~-~-> 01:32:16,650
7991		-to be participating in large range
7992		-
7993		-1999
7994		-01:32:16,650 ~-~-> 01:32:18,810
7995		-moves. Okay, like we just discussed in
7996		-
7997		-2000
7998		-01:32:18,810 ~-~-> 01:32:20,640
7999		-the previous slide. You want to be
8000		-
8001		-2001
8002		-01:32:20,670 ~-~-> 01:32:22,710
8003		-entering the market when it's quiet when
8004		-
8005		-2002
8006		-01:32:22,710 ~-~-> 01:32:24,600
8007		-there's not a whole lot of activity, or
8008		-
8009		-2003
8010		-01:32:24,720 ~-~-> 01:32:26,730
8011		-at least when the ranges start to
8012		-
8013		-2004
8014		-01:32:26,730 ~-~-> 01:32:29,070
8015		-compress. Okay, when the ranges start to
8016		-
8017		-2005
8018		-01:32:29,070 ~-~-> 01:32:31,200
8019		-get small, people get really bored with
8020		-
8021		-2006
8022		-01:32:31,200 ~-~-> 01:32:32,640
8023		-that market, they start chasing the next
8024		-
8025		-2007
8026		-01:32:32,640 ~-~-> 01:32:34,620
8027		-pair or the next commodity market or
8028		-
8029		-2008
8030		-01:32:34,620 ~-~-> 01:32:36,360
8031		-whatever it is moving around a lot.
8032		-
8033		-2009
8034		-01:32:36,630 ~-~-> 01:32:37,920
8035		-That's the one we're going to move move
8036		-
8037		-2010
8038		-01:32:37,920 ~-~-> 01:32:40,080
8039		-to, well, during this small little
8040		-
8041		-2011
8042		-01:32:40,080 ~-~-> 01:32:42,690
8043		-consolidations, or small inside days or
8044		-
8045		-2012
8046		-01:32:42,690 ~-~-> 01:32:47,370
8047		-small, daily ranges, that's when I get
8048		-
8049		-2013
8050		-01:32:47,370 ~-~-> 01:32:49,740
8051		-really excited because I want to be in
8052		-
8053		-2014
8054		-01:32:49,740 ~-~-> 01:32:51,330
8055		-there when the markets are getting real
8056		-
8057		-2015
8058		-01:32:51,330 ~-~-> 01:32:53,250
8059		-quiet to like a spring winding up
8060		-
8061		-2016
8062		-01:32:53,250 ~-~-> 01:32:54,480
8063		-tighter and tighter and tighter and
8064		-
8065		-2017
8066		-01:32:54,480 ~-~-> 01:32:56,310
8067		-eventually, something whatever the
8068		-
8069		-2018
8070		-01:32:56,310 ~-~-> 01:32:58,620
8071		-catalyst is, I don't always know or even
8072		-
8073		-2019
8074		-01:32:58,620 ~-~-> 01:33:01,080
8075		-care but really know what it is. makes
8076		-
8077		-2020
8078		-01:33:01,080 ~-~-> 01:33:03,240
8079		-the market take off and hopefully in a
8080		-
8081		-2021
8082		-01:33:03,240 ~-~-> 01:33:04,530
8083		-pre determined direction that I was
8084		-
8085		-2022
8086		-01:33:04,530 ~-~-> 01:33:06,210
8087		-positioned then before it takes place.
8088		-
8089		-2023
8090		-01:33:06,630 ~-~-> 01:33:08,520
8091		-That's that's essentially what you want
8092		-
8093		-2024
8094		-01:33:08,520 ~-~-> 01:33:10,860
8095		-to be doing in your trading, whether it
8096		-
8097		-2025
8098		-01:33:10,860 ~-~-> 01:33:14,160
8099		-be day trading, scalping, or short term
8100		-
8101		-2026
8102		-01:33:14,160 ~-~-> 01:33:15,450
8103		-trading or position trading or swing
8104		-
8105		-2027
8106		-01:33:15,450 ~-~-> 01:33:17,190
8107		-trading, whatever style trading it is,
8108		-
8109		-2028
8110		-01:33:17,460 ~-~-> 01:33:19,350
8111		-you want to be getting in your position
8112		-
8113		-2029
8114		-01:33:19,380 ~-~-> 01:33:21,180
8115		-during these consolidations and
8116		-
8117		-2030
8118		-01:33:21,180 ~-~-> 01:33:24,180
8119		-contractions of ranges. Okay, looking at
8120		-
8121		-2031
8122		-01:33:24,180 ~-~-> 01:33:25,890
8123		-this example here on the left hand side
8124		-
8125		-2032
8126		-01:33:25,890 ~-~-> 01:33:28,410
8127		-of the euro, this daily chart, just
8128		-
8129		-2033
8130		-01:33:28,410 ~-~-> 01:33:30,270
8131		-stare at the chart for a couple minutes
8132		-
8133		-2034
8134		-01:33:30,270 ~-~-> 01:33:32,220
8135		-and you'll start seeing the how the
8136		-
8137		-2035
8138		-01:33:32,220 ~-~-> 01:33:34,590
8139		-ranges gets smaller now excluding the
8140		-
8141		-2036
8142		-01:33:34,590 ~-~-> 01:33:36,120
8143		-small little itty bitty tiny little
8144		-
8145		-2037
8146		-01:33:36,120 ~-~-> 01:33:37,770
8147		-ranges, that's actually a Sunday candle.
8148		-
8149		-2038
8150		-01:33:37,920 ~-~-> 01:33:39,270
8151		-So you got to gotta like disregard
8152		-
8153		-2039
8154		-01:33:39,270 ~-~-> 01:33:42,120
8155		-those, but before the ranges get really
8156		-
8157		-2040
8158		-01:33:42,120 ~-~-> 01:33:44,700
8159		-big, they actually get smaller. Okay,
8160		-
8161		-2041
8162		-01:33:44,700 ~-~-> 01:33:47,130
8163		-and there's other examples of timeframes
8164		-
8165		-2042
8166		-01:33:47,130 ~-~-> 01:33:49,080
8167		-and sample sizes you can utilize to
8168		-
8169		-2043
8170		-01:33:49,080 ~-~-> 01:33:50,640
8171		-better illustrate this but I've been
8172		-
8173		-2044
8174		-01:33:50,640 ~-~-> 01:33:52,230
8175		-looking at this for years and I can see
8176		-
8177		-2045
8178		-01:33:52,620 ~-~-> 01:33:53,880
8179		-just simply looking at for a few
8180		-
8181		-2046
8182		-01:33:53,880 ~-~-> 01:33:56,340
8183		-seconds, I can see the the pattern
8184		-
8185		-2047
8186		-01:33:56,340 ~-~-> 01:33:57,870
8187		-itself where the ranges get smaller than
8188		-
8189		-2048
8190		-01:33:57,870 ~-~-> 01:33:59,850
8191		-expand, get smaller, get expand and get
8192		-
8193		-2049
8194		-01:33:59,850 ~-~-> 01:34:02,790
8195		-smaller. mauler that phenomenon, okay,
8196		-
8197		-2050
8198		-01:34:03,000 ~-~-> 01:34:05,010
8199		-is one of the truest cycles in the
8200		-
8201		-2051
8202		-01:34:05,010 ~-~-> 01:34:07,770
8203		-marketplace and it goes over everyone's
8204		-
8205		-2052
8206		-01:34:07,770 ~-~-> 01:34:09,420
8207		-head. They don't pay attention to it.
8208		-
8209		-2053
8210		-01:34:09,420 ~-~-> 01:34:10,950
8211		-And many times when they hear me talking
8212		-
8213		-2054
8214		-01:34:10,950 ~-~-> 01:34:12,060
8215		-about it, it's like, well, that's pretty
8216		-
8217		-2055
8218		-01:34:12,060 ~-~-> 01:34:14,370
8219		-obvious. Is it really obvious because
8220		-
8221		-2056
8222		-01:34:14,370 ~-~-> 01:34:16,020
8223		-the last few times you took a trade,
8224		-
8225		-2057
8226		-01:34:16,020 ~-~-> 01:34:18,480
8227		-maybe there are losers? Did you take in
8228		-
8229		-2058
8230		-01:34:18,480 ~-~-> 01:34:20,160
8231		-consideration what was going on? Did you
8232		-
8233		-2059
8234		-01:34:20,160 ~-~-> 01:34:21,750
8235		-chase the market after it rallied up to
8236		-
8237		-2060
8238		-01:34:21,750 ~-~-> 01:34:23,910
8239		-60 pips, okay, but without any kind of
8240		-
8241		-2061
8242		-01:34:23,910 ~-~-> 01:34:26,340
8243		-retracement or whatever. That's the
8244		-
8245		-2062
8246		-01:34:26,340 ~-~-> 01:34:31,830
8247		-nature of this cycle, okay. And some of
8248		-
8249		-2063
8250		-01:34:31,830 ~-~-> 01:34:33,720
8251		-the best money can be made simply with
8252		-
8253		-2064
8254		-01:34:33,720 ~-~-> 01:34:37,770
8255		-just applying the consolidations to
8256		-
8257		-2065
8258		-01:34:37,770 ~-~-> 01:34:40,050
8259		-trend or swing component we just
8260		-
8261		-2066
8262		-01:34:40,050 ~-~-> 01:34:41,940
8263		-discussed in the previous slide, and
8264		-
8265		-2067
8266		-01:34:41,970 ~-~-> 01:34:44,190
8267		-adding when the daily ranges themselves
8268		-
8269		-2068
8270		-01:34:44,190 ~-~-> 01:34:46,500
8271		-get smaller. So, inside those larger
8272		-
8273		-2069
8274		-01:34:46,830 ~-~-> 01:34:49,260
8275		-consolidations, okay, or rectangles
8276		-
8277		-2070
8278		-01:34:49,260 ~-~-> 01:34:50,430
8279		-where the trading range market
8280		-
8281		-2071
8282		-01:34:50,430 ~-~-> 01:34:54,270
8283		-environment develops, inside that
8284		-
8285		-2072
8286		-01:34:54,270 ~-~-> 01:34:56,100
8287		-trading range if you start getting small
8288		-
8289		-2073
8290		-01:34:56,100 ~-~-> 01:34:58,890
8291		-inside days or small little daily ranges
8292		-
8293		-2074
8294		-01:34:58,890 ~-~-> 01:35:01,080
8295		-getting smaller than the previous Then
8296		-
8297		-2075
8298		-01:35:01,080 ~-~-> 01:35:02,910
8299		-you have a really good scenario where it
8300		-
8301		-2076
8302		-01:35:02,910 ~-~-> 01:35:03,960
8303		-sets up where there's going to be an
8304		-
8305		-2077
8306		-01:35:03,960 ~-~-> 01:35:06,090
8307		-explosive move one, day two, day three
8308		-
8309		-2078
8310		-01:35:06,090 ~-~-> 01:35:08,190
8311		-day up or down. Even upon one
8312		-
8313		-2079
8314		-01:35:08,190 ~-~-> 01:35:10,080
8315		-directional bias, it was the precursor
8316		-
8317		-2080
8318		-01:35:10,080 ~-~-> 01:35:12,930
8319		-going into that condition. But now let's
8320		-
8321		-2081
8322		-01:35:12,930 ~-~-> 01:35:18,210
8323		-break the daily bar itself down. Looking
8324		-
8325		-2082
8326		-01:35:18,210 ~-~-> 01:35:21,420
8327		-at the opening, assuming that we were
8328		-
8329		-2083
8330		-01:35:21,720 ~-~-> 01:35:24,450
8331		-looking for a up day, okay, or we're in
8332		-
8333		-2084
8334		-01:35:24,450 ~-~-> 01:35:28,170
8335		-a bullish scenario, generally speaking,
8336		-
8337		-2085
8338		-01:35:28,410 ~-~-> 01:35:30,300
8339		-if you're trading in an area where it's
8340		-
8341		-2086
8342		-01:35:30,300 ~-~-> 01:35:32,250
8343		-highly probable for the market to trade
8344		-
8345		-2087
8346		-01:35:32,280 ~-~-> 01:35:34,500
8347		-up, maybe we're in a consolidation on
8348		-
8349		-2088
8350		-01:35:34,500 ~-~-> 01:35:37,260
8351		-the daily chart, or four hour and then
8352		-
8353		-2089
8354		-01:35:37,260 ~-~-> 01:35:39,660
8355		-in the range start contracting, okay.
8356		-
8357		-2090
8358		-01:35:40,890 ~-~-> 01:35:43,290
8359		-One large range days, this is a notepad
8360		-
8361		-2091
8362		-01:35:43,290 ~-~-> 01:35:44,580
8363		-moment, get this written down in your
8364		-
8365		-2092
8366		-01:35:44,580 ~-~-> 01:35:48,660
8367		-notepad on large range days, the open
8368		-
8369		-2093
8370		-01:35:48,960 ~-~-> 01:35:51,450
8371		-tends to be at the opposite extreme of
8372		-
8373		-2094
8374		-01:35:51,450 ~-~-> 01:35:54,180
8375		-the daily range, opposed to the close.
8376		-
8377		-2095
8378		-01:35:54,990 ~-~-> 01:35:56,400
8379		-As you can see in this example,
8380		-
8381		-2096
8382		-01:35:56,400 ~-~-> 01:35:57,810
8383		-obviously, this is an illustrative
8384		-
8385		-2097
8386		-01:35:57,840 ~-~-> 01:36:00,930
8387		-example I drew with a computer But it's
8388		-
8389		-2098
8390		-01:36:00,930 ~-~-> 01:36:03,690
8391		-kind of communicate the basic premise.
8392		-
8393		-2099
8394		-01:36:04,560 ~-~-> 01:36:07,140
8395		-The open generally is on an update on
8396		-
8397		-2100
8398		-01:36:07,140 ~-~-> 01:36:10,410
8399		-the large range with an update bias. And
8400		-
8401		-2101
8402		-01:36:10,410 ~-~-> 01:36:13,470
8403		-a closed typically sees the open at the
8404		-
8405		-2102
8406		-01:36:13,470 ~-~-> 01:36:17,670
8407		-low today or near the low with the close
8408		-
8409		-2103
8410		-01:36:17,790 ~-~-> 01:36:20,250
8411		-at or very near the high today. Okay.
8412		-
8413		-2104
8414		-01:36:21,090 ~-~-> 01:36:23,910
8415		-Now look at the example for a moment to
8416		-
8417		-2105
8418		-01:36:23,910 ~-~-> 01:36:24,480
8419		-the left.
8420		-
8421		-2106
8422		-01:36:35,880 ~-~-> 01:36:38,010
8423		-Notice how many again, this is a daily
8424		-
8425		-2107
8426		-01:36:38,010 ~-~-> 01:36:40,830
8427		-chart of the euro. Notice how many times
8428		-
8429		-2108
8430		-01:36:41,040 ~-~-> 01:36:44,550
8431		-that open isn't the opposite extreme of
8432		-
8433		-2109
8434		-01:36:44,550 ~-~-> 01:36:48,060
8435		-the daily bar or the closes. Okay?
8436		-
8437		-2110
8438		-01:36:48,510 ~-~-> 01:36:51,600
8439		-there's enormous amounts of opportunity
8440		-
8441		-2111
8442		-01:36:51,660 ~-~-> 01:36:54,330
8443		-within the daily range and that is what
8444		-
8445		-2112
8446		-01:36:54,330 ~-~-> 01:36:56,370
8447		-you should be looking for. You want to
8448		-
8449		-2113
8450		-01:36:56,370 ~-~-> 01:36:58,800
8451		-be trading at the very minimum in the
8452		-
8453		-2114
8454		-01:36:58,800 ~-~-> 01:37:01,680
8455		-directional bias. of the daily range.
8456		-
8457		-2115
8458		-01:37:01,830 ~-~-> 01:37:02,220
8459		-Okay,
8460		-
8461		-2116
8462		-01:37:02,850 ~-~-> 01:37:05,490
8463		-we talked about the notion of having the
8464		-
8465		-2117
8466		-01:37:05,490 ~-~-> 01:37:07,410
8467		-higher low form an early part of the
8468		-
8469		-2118
8470		-01:37:07,410 ~-~-> 01:37:09,570
8471		-week. Okay, so that same principle
8472		-
8473		-2119
8474		-01:37:09,570 ~-~-> 01:37:11,610
8475		-applies here just on a daily chart.
8476		-
8477		-2120
8478		-01:37:12,000 ~-~-> 01:37:14,820
8479		-Okay. So now what this means is, if
8480		-
8481		-2121
8482		-01:37:14,820 ~-~-> 01:37:17,310
8483		-you're bullish, you want to be looking
8484		-
8485		-2122
8486		-01:37:17,310 ~-~-> 01:37:19,860
8487		-at the opening price. And looking at
8488		-
8489		-2123
8490		-01:37:19,860 ~-~-> 01:37:21,600
8491		-that as your filter, so you wouldn't be
8492		-
8493		-2124
8494		-01:37:21,600 ~-~-> 01:37:24,660
8495		-buying not very much above it, if at all
8496		-
8497		-2125
8498		-01:37:24,660 ~-~-> 01:37:28,410
8499		-really, and certainly below it, okay?
8500		-
8501		-2126
8502		-01:37:28,830 ~-~-> 01:37:31,290
8503		-Because what you'll learn is the opening
8504		-
8505		-2127
8506		-01:37:31,290 ~-~-> 01:37:35,730
8507		-price, very rarely works both sides, up
8508		-
8509		-2128
8510		-01:37:35,730 ~-~-> 01:37:39,120
8511		-or down before going up, want to update.
8512		-
8513		-2129
8514		-01:37:39,150 ~-~-> 01:37:41,640
8515		-In other words, price does not spend a
8516		-
8517		-2130
8518		-01:37:41,640 ~-~-> 01:37:43,230
8519		-whole lot of time monkeying around with
8520		-
8521		-2131
8522		-01:37:43,230 ~-~-> 01:37:44,730
8523		-the opening price. If it goes down, it's
8524		-
8525		-2132
8526		-01:37:44,730 ~-~-> 01:37:46,770
8527		-only going down briefly for a very short
8528		-
8529		-2133
8530		-01:37:46,770 ~-~-> 01:37:49,050
8531		-distance. Maybe reach blow off some
8532		-
8533		-2134
8534		-01:37:49,050 ~-~-> 01:37:51,060
8535		-stops, maybe retest an old
8536		-
8537		-2135
8538		-01:37:51,060 ~-~-> 01:37:53,850
8539		-consolidation, dip into an old block of
8540		-
8541		-2136
8542		-01:37:54,000 ~-~-> 01:37:56,010
8543		-orders for institutional purposes, and
8544		-
8545		-2137
8546		-01:37:56,010 ~-~-> 01:37:58,410
8547		-then shoot straight up and continuously
8548		-
8549		-2138
8550		-01:37:58,410 ~-~-> 01:38:00,000
8551		-work one side of the market. Always
8552		-
8553		-2139
8554		-01:38:00,000 ~-~-> 01:38:02,820
8555		-Through the trading session, and then
8556		-
8557		-2140
8558		-01:38:02,820 ~-~-> 01:38:04,860
8559		-closing off many times a little bit off
8560		-
8561		-2141
8562		-01:38:04,860 ~-~-> 01:38:07,290
8563		-the high. Looking at the example you
8564		-
8565		-2142
8566		-01:38:07,290 ~-~-> 01:38:09,000
8567		-have here, you can see that just about
8568		-
8569		-2143
8570		-01:38:09,000 ~-~-> 01:38:14,400
8571		-happening almost on a daily basis the
8572		-
8573		-2144
8574		-01:38:14,400 ~-~-> 01:38:16,350
8575		-vice versa would be obviously on a down
8576		-
8577		-2145
8578		-01:38:16,350 ~-~-> 01:38:18,240
8579		-move, the open would be very near the
8580		-
8581		-2146
8582		-01:38:18,240 ~-~-> 01:38:20,130
8583		-high and the close very close to the
8584		-
8585		-2147
8586		-01:38:20,130 ~-~-> 01:38:23,640
8587		-low. The general principle is the low is
8588		-
8589		-2148
8590		-01:38:23,640 ~-~-> 01:38:26,040
8591		-formed briefly after the opening on
8592		-
8593		-2149
8594		-01:38:26,040 ~-~-> 01:38:28,680
8595		-update and the high generally formed
8596		-
8597		-2150
8598		-01:38:28,680 ~-~-> 01:38:31,560
8599		-between 1500 and 1600 GMT put that in
8600		-
8601		-2151
8602		-01:38:31,560 ~-~-> 01:38:33,360
8603		-your notepad and then you test that
8604		-
8605		-2152
8606		-01:38:33,360 ~-~-> 01:38:35,340
8607		-theory on your own going forward for the
8608		-
8609		-2153
8610		-01:38:35,340 ~-~-> 01:38:40,890
8611		-next couple of weeks. Okay, let's look
8612		-
8613		-2154
8614		-01:38:40,920 ~-~-> 01:38:45,180
8615		-at a large range day. Okay, we pointed
8616		-
8617		-2155
8618		-01:38:45,180 ~-~-> 01:38:48,090
8619		-out this one specifically here. And this
8620		-
8621		-2156
8622		-01:38:48,090 ~-~-> 01:38:50,100
8623		-is one actually did trade. Now,
8624		-
8625		-2157
8626		-01:38:50,310 ~-~-> 01:38:52,770
8627		-admittedly, I got out during the middle
8628		-
8629		-2158
8630		-01:38:52,770 ~-~-> 01:38:54,900
8631		-part of the day because I had thought
8632		-
8633		-2159
8634		-01:38:54,900 ~-~-> 01:38:57,120
8635		-that it was going to retrace a little
8636		-
8637		-2160
8638		-01:38:57,120 ~-~-> 01:38:58,200
8639		-bit deeper and and give me a better
8640		-
8641		-2161
8642		-01:38:58,200 ~-~-> 01:39:01,500
8643		-opportunity but I'm missed it. And I was
8644		-
8645		-2162
8646		-01:39:01,500 ~-~-> 01:39:02,880
8647		-only able to catch the first leg of the
8648		-
8649		-2163
8650		-01:39:02,880 ~-~-> 01:39:06,840
8651		-daily trend. But this large range day,
8652		-
8653		-2164
8654		-01:39:07,350 ~-~-> 01:39:09,870
8655		-okay, came with the principles that we
8656		-
8657		-2165
8658		-01:39:09,870 ~-~-> 01:39:12,930
8659		-just discussed. Okay, we had the chart
8660		-
8661		-2166
8662		-01:39:12,930 ~-~-> 01:39:14,280
8663		-here on the right hand side is going to
8664		-
8665		-2167
8666		-01:39:14,280 ~-~-> 01:39:16,560
8667		-depict a few things. The first let's
8668		-
8669		-2168
8670		-01:39:16,560 ~-~-> 01:39:18,570
8671		-look at this, okay? We have the
8672		-
8673		-2169
8674		-01:39:18,570 ~-~-> 01:39:22,230
8675		-beginning of a new day here, okay? Then
8676		-
8677		-2170
8678		-01:39:22,230 ~-~-> 01:39:24,810
8679		-the market Peters around, okay? This is
8680		-
8681		-2171
8682		-01:39:24,810 ~-~-> 01:39:27,450
8683		-all Asia, okay? And this vertical line
8684		-
8685		-2172
8686		-01:39:27,450 ~-~-> 01:39:30,420
8687		-delineated here is midnight, New York
8688		-
8689		-2173
8690		-01:39:30,420 ~-~-> 01:39:33,720
8691		-time, okay. Then you see the market
8692		-
8693		-2174
8694		-01:39:33,720 ~-~-> 01:39:35,310
8695		-dropped down during the European session
8696		-
8697		-2175
8698		-01:39:35,310 ~-~-> 01:39:38,040
8699		-in London, then the market takes off
8700		-
8701		-2176
8702		-01:39:38,040 ~-~-> 01:39:40,020
8703		-goes vertical, goes into a
8704		-
8705		-2177
8706		-01:39:40,020 ~-~-> 01:39:43,920
8707		-consolidation. Okay. And during this
8708		-
8709		-2178
8710		-01:39:43,920 ~-~-> 01:39:45,570
8711		-time, what I actually expected was it to
8712		-
8713		-2179
8714		-01:39:45,600 ~-~-> 01:39:46,920
8715		-retrace a little bit deeper, maybe come
8716		-
8717		-2180
8718		-01:39:46,920 ~-~-> 01:39:49,110
8719		-back down into touch this high in here.
8720		-
8721		-2181
8722		-01:39:49,740 ~-~-> 01:39:53,280
8723		-But this was the New York open trade
8724		-
8725		-2182
8726		-01:39:53,280 ~-~-> 01:39:56,910
8727		-here and then violently traded higher
8728		-
8729		-2183
8730		-01:39:56,910 ~-~-> 01:39:58,530
8731		-going into the latter part of the day
8732		-
8733		-2184
8734		-01:39:59,100 ~-~-> 01:40:02,430
8735		-and then Peters off from the high end
8736		-
8737		-2185
8738		-01:40:02,430 ~-~-> 01:40:03,840
8739		-closes just a little bit off the high
8740		-
8741		-2186
8742		-01:40:03,840 ~-~-> 01:40:06,930
8743		-but certainly, well way away from the
8744		-
8745		-2187
8746		-01:40:06,930 ~-~-> 01:40:09,660
8747		-opening price. And then after this
8748		-
8749		-2188
8750		-01:40:09,660 ~-~-> 01:40:11,700
8751		-vertical delineation here, this is 1800
8752		-
8753		-2189
8754		-01:40:11,700 ~-~-> 01:40:13,530
8755		-GMT. And I'm gonna talk about these two
8756		-
8757		-2190
8758		-01:40:13,530 ~-~-> 01:40:15,630
8759		-markers in a moment because I've really
8760		-
8761		-2191
8762		-01:40:15,630 ~-~-> 01:40:18,930
8763		-never discussed this on any other video
8764		-
8765		-2192
8766		-01:40:18,960 ~-~-> 01:40:22,380
8767		-or series or any kind of discussion. But
8768		-
8769		-2193
8770		-01:40:22,380 ~-~-> 01:40:23,520
8771		-I'm actually going to highlight more
8772		-
8773		-2194
8774		-01:40:23,520 ~-~-> 01:40:25,260
8775		-insight as to why 1800 is a very
8776		-
8777		-2195
8778		-01:40:25,260 ~-~-> 01:40:27,570
8779		-significant number, then the market
8780		-
8781		-2196
8782		-01:40:27,570 ~-~-> 01:40:29,010
8783		-essentially goes quiet going into the
8784		-
8785		-2197
8786		-01:40:29,010 ~-~-> 01:40:32,100
8787		-new day. Now, what is so special about
8788		-
8789		-2198
8790		-01:40:32,100 ~-~-> 01:40:33,510
8791		-the midnight timeframe on New York?
8792		-
8793		-2199
8794		-01:40:33,510 ~-~-> 01:40:36,960
8795		-Well, the North American continent
8796		-
8797		-2200
8798		-01:40:37,290 ~-~-> 01:40:39,150
8799		-doesn't consider the new day.
8800		-
8801		-2201
8802		-01:40:40,260 ~-~-> 01:40:40,860
8803		-Like,
8804		-
8805		-2202
8806		-01:40:41,310 ~-~-> 01:40:43,740
8807		-the FX market generally calls the you
8808		-
8809		-2203
8810		-01:40:43,740 ~-~-> 01:40:46,770
8811		-know, in Wellington being the new new
8812		-
8813		-2204
8814		-01:40:46,770 ~-~-> 01:40:48,450
8815		-start of a new day, I don't consider
8816		-
8817		-2205
8818		-01:40:48,450 ~-~-> 01:40:51,000
8819		-that as a new day. Okay, now, I
8820		-
8821		-2206
8822		-01:40:51,000 ~-~-> 01:40:52,680
8823		-certainly take in consideration all the
8824		-
8825		-2207
8826		-01:40:52,680 ~-~-> 01:40:56,430
8827		-Asian trading, okay, but I this is gonna
8828		-
8829		-2208
8830		-01:40:56,430 ~-~-> 01:40:58,860
8831		-be very confusing, but I always count
8832		-
8833		-2209
8834		-01:40:58,860 ~-~-> 01:41:02,520
8835		-that as Yes. Today's trade my new day
8836		-
8837		-2210
8838		-01:41:02,550 ~-~-> 01:41:04,500
8839		-begins at midnight, New York Standard
8840		-
8841		-2211
8842		-01:41:04,500 ~-~-> 01:41:07,020
8843		-Time. Now again, it's gonna probably
8844		-
8845		-2212
8846		-01:41:07,020 ~-~-> 01:41:08,940
8847		-gonna throw a lot of us off, but just
8848		-
8849		-2213
8850		-01:41:08,940 ~-~-> 01:41:10,710
8851		-understand this is how I break the
8852		-
8853		-2214
8854		-01:41:10,710 ~-~-> 01:41:15,510
8855		-market down midnight New York time to
8856		-
8857		-2215
8858		-01:41:15,510 ~-~-> 01:41:21,210
8859		-1800 GMT time, okay, or basically 2pm
8860		-
8861		-2216
8862		-01:41:22,260 ~-~-> 01:41:25,020
8863		-New York time. Okay, that's the cutoff
8864		-
8865		-2217
8866		-01:41:25,020 ~-~-> 01:41:27,000
8867		-of the daily range. Everyone asked when
8868		-
8869		-2218
8870		-01:41:27,030 ~-~-> 01:41:28,680
8871		-to close, you know, when does New York
8872		-
8873		-2219
8874		-01:41:28,680 ~-~-> 01:41:29,820
8875		-close or when does this and when does
8876		-
8877		-2220
8878		-01:41:29,820 ~-~-> 01:41:32,400
8879		-that? Let's talk about the commodity
8880		-
8881		-2221
8882		-01:41:32,400 ~-~-> 01:41:34,590
8883		-market for a moment because before FX
8884		-
8885		-2222
8886		-01:41:34,590 ~-~-> 01:41:36,900
8887		-was opened up to the general public, the
8888		-
8889		-2223
8890		-01:41:36,900 ~-~-> 01:41:38,400
8891		-only time you could really participate
8892		-
8893		-2224
8894		-01:41:38,430 ~-~-> 01:41:40,740
8895		-in the currency market was if you were
8896		-
8897		-2225
8898		-01:41:40,740 ~-~-> 01:41:43,710
8899		-trading the options market or the
8900		-
8901		-2226
8902		-01:41:43,710 ~-~-> 01:41:46,800
8903		-futures and or Midem contracts on the
8904		-
8905		-2227
8906		-01:41:46,830 ~-~-> 01:41:50,070
8907		-commodity exchanges. And it was in the
8908		-
8909		-2228
8910		-01:41:50,070 ~-~-> 01:41:52,680
8911		-form of open outcry. Now open outcry
8912		-
8913		-2229
8914		-01:41:52,680 ~-~-> 01:41:54,630
8915		-still in existence today, not as
8916		-
8917		-2230
8918		-01:41:54,690 ~-~-> 01:41:57,150
8919		-predominantly as was years ago because
8920		-
8921		-2231
8922		-01:41:57,150 ~-~-> 01:41:58,770
8923		-everything's slowly transitioning to
8924		-
8925		-2232
8926		-01:41:58,770 ~-~-> 01:42:02,010
8927		-electronic to dismiss wants to their
8928		-
8929		-2233
8930		-01:42:02,010 ~-~-> 01:42:05,310
8931		-dismay, but there is essentially a
8932		-
8933		-2234
8934		-01:42:05,880 ~-~-> 01:42:08,370
8935		-rhythm to the marketplace still based on
8936		-
8937		-2235
8938		-01:42:08,370 ~-~-> 01:42:11,220
8939		-that open outcry. Now, put this in your
8940		-
8941		-2236
8942		-01:42:11,220 ~-~-> 01:42:15,120
8943		-notepad currency markets, okay or calm
8944		-
8945		-2237
8946		-01:42:15,120 ~-~-> 01:42:16,980
8947		-dolls okay that means the commodity
8948		-
8949		-2238
8950		-01:42:16,980 ~-~-> 01:42:18,120
8951		-markets that trade on the futures
8952		-
8953		-2239
8954		-01:42:18,120 ~-~-> 01:42:20,220
8955		-contract basis that means Australian
8956		-
8957		-2240
8958		-01:42:20,220 ~-~-> 01:42:23,340
8959		-dollar Canadian dollar British Pound
8960		-
8961		-2241
8962		-01:42:23,460 ~-~-> 01:42:27,600
8963		-Swiss franc Japanese yen okay those
8964		-
8965		-2242
8966		-01:42:27,600 ~-~-> 01:42:30,390
8967		-currencies okay or Calm down, they can
8968		-
8969		-2243
8970		-01:42:30,690 ~-~-> 01:42:33,810
8971		-be traded as a futures contract the
8972		-
8973		-2244
8974		-01:42:33,810 ~-~-> 01:42:36,840
8975		-futures contract open outcry pit begins
8976		-
8977		-2245
8978		-01:42:36,840 ~-~-> 01:42:41,100
8979		-trading at 720 New York time now what do
8980		-
8981		-2246
8982		-01:42:41,100 ~-~-> 01:42:42,360
8983		-you think so significant about that
8984		-
8985		-2247
8986		-01:42:42,360 ~-~-> 01:42:45,480
8987		-time? That's 20 minutes after the
8988		-
8989		-2248
8990		-01:42:45,480 ~-~-> 01:42:47,280
8991		-beginning of our New York open kill
8992		-
8993		-2249
8994		-01:42:47,280 ~-~-> 01:42:50,340
8995		-zone. Okay. Why is the New York open
8996		-
8997		-2250
8998		-01:42:50,610 ~-~-> 01:42:52,620
8999		-kill zone so cool and so easy to trade
9000		-
9001		-2251
9002		-01:42:52,650 ~-~-> 01:42:56,880
9003		-is because that market event open outcry
9004		-
9005		-2252
9006		-01:42:57,240 ~-~-> 01:42:59,970
9007		-also is going to be involved in the
9008		-
9009		-2253
9010		-01:43:00,000 ~-~-> 01:43:04,980
9011		-Daily range, okay. Why 1800? Well,
9012		-
9013		-2254
9014		-01:43:05,250 ~-~-> 01:43:06,990
9015		-because at two o'clock in the afternoon
9016		-
9017		-2255
9018		-01:43:06,990 ~-~-> 01:43:09,000
9019		-in New York time, the open outcry pit
9020		-
9021		-2256
9022		-01:43:09,000 ~-~-> 01:43:11,130
9023		-closes, and they are gone for the day.
9024		-
9025		-2257
9026		-01:43:11,670 ~-~-> 01:43:13,320
9027		-And you can see here that clearly is
9028		-
9029		-2258
9030		-01:43:13,320 ~-~-> 01:43:15,660
9031		-illustrated, there's no more volatility,
9032		-
9033		-2259
9034		-01:43:15,690 ~-~-> 01:43:18,030
9035		-very measured, very little volatility
9036		-
9037		-2260
9038		-01:43:18,030 ~-~-> 01:43:21,600
9039		-all unless there's an FOMC you know,
9040		-
9041		-2261
9042		-01:43:21,600 ~-~-> 01:43:22,710
9043		-interest rate announcement, which
9044		-
9045		-2262
9046		-01:43:22,710 ~-~-> 01:43:24,480
9047		-typically comes in around two o'clock in
9048		-
9049		-2263
9050		-01:43:24,480 ~-~-> 01:43:26,910
9051		-the afternoon, in late in the afternoon,
9052		-
9053		-2264
9054		-01:43:26,940 ~-~-> 01:43:28,290
9055		-where it really nobody should be trading
9056		-
9057		-2265
9058		-01:43:28,290 ~-~-> 01:43:31,920
9059		-anyway. So will you miss a moose?
9060		-
9061		-2266
9062		-01:43:31,950 ~-~-> 01:43:34,020
9063		-Certainly, if you if you're really
9064		-
9065		-2267
9066		-01:43:34,020 ~-~-> 01:43:36,090
9067		-involved in trying to gamble trading
9068		-
9069		-2268
9070		-01:43:36,090 ~-~-> 01:43:37,650
9071		-those types of events like non farm
9072		-
9073		-2269
9074		-01:43:37,650 ~-~-> 01:43:39,330
9075		-payroll, I can certainly do without
9076		-
9077		-2270
9078		-01:43:39,330 ~-~-> 01:43:41,280
9079		-trading one Friday every month, okay. I
9080		-
9081		-2271
9082		-01:43:41,280 ~-~-> 01:43:43,020
9083		-don't really care to be a part of that
9084		-
9085		-2272
9086		-01:43:43,020 ~-~-> 01:43:44,940
9087		-roller coaster. I can trade it I just
9088		-
9089		-2273
9090		-01:43:44,940 ~-~-> 01:43:48,630
9091		-choose not to. But if you break it out
9092		-
9093		-2274
9094		-01:43:48,630 ~-~-> 01:43:50,760
9095		-your days like this, okay, on an
9096		-
9097		-2275
9098		-01:43:50,760 ~-~-> 01:43:52,170
9099		-intraday basis, I think what you'll
9100		-
9101		-2276
9102		-01:43:52,170 ~-~-> 01:43:54,570
9103		-start seeing is there's a clear symmetry
9104		-
9105		-2277
9106		-01:43:54,570 ~-~-> 01:43:59,850
9107		-to the market that goes unnoticed by 99%
9108		-
9109		-2278
9110		-01:43:59,880 ~-~-> 01:44:04,710
9111		-of have mentors or gurus or teachers, or
9112		-
9113		-2279
9114		-01:44:04,710 ~-~-> 01:44:06,510
9115		-even traders and this is the actual
9116		-
9117		-2280
9118		-01:44:06,510 ~-~-> 01:44:08,760
9119		-daily range that goes on every single
9120		-
9121		-2281
9122		-01:44:08,760 ~-~-> 01:44:11,040
9123		-day. If you understand how that works,
9124		-
9125		-2282
9126		-01:44:11,040 ~-~-> 01:44:15,210
9127		-you can see this, the open the down move
9128		-
9129		-2283
9130		-01:44:15,330 ~-~-> 01:44:17,550
9131		-to move up the high and off the close.
9132		-
9133		-2284
9134		-01:44:18,300 ~-~-> 01:44:20,250
9135		-And as you see here, the open the down
9136		-
9137		-2285
9138		-01:44:20,250 ~-~-> 01:44:22,740
9139		-move the high format and then off the
9140		-
9141		-2286
9142		-01:44:22,740 ~-~-> 01:44:24,690
9143		-close, I mean off the high as it close.
9144		-
9145		-2287
9146		-01:44:25,200 ~-~-> 01:44:27,780
9147		-So that's what we're looking for when
9148		-
9149		-2288
9150		-01:44:27,780 ~-~-> 01:44:29,250
9151		-we're trading intraday or getting
9152		-
9153		-2289
9154		-01:44:29,250 ~-~-> 01:44:33,210
9155		-positioned during up. We're bullish
9156		-
9157		-2290
9158		-01:44:33,240 ~-~-> 01:44:34,440
9159		-market environments.
9160		-
9161		-2291
9162		-01:44:38,190 ~-~-> 01:44:41,250
9163		-Okay, let's talk about kill zones. Okay,
9164		-
9165		-2292
9166		-01:44:41,250 ~-~-> 01:44:43,080
9167		-and first we're gonna talk about it in
9168		-
9169		-2293
9170		-01:44:43,140 ~-~-> 01:44:45,000
9171		-my timezone which is the Eastern
9172		-
9173		-2294
9174		-01:44:45,000 ~-~-> 01:44:47,130
9175		-Standard Time. I live on the east coast
9176		-
9177		-2295
9178		-01:44:47,130 ~-~-> 01:44:49,410
9179		-of North America in Baltimore, Maryland.
9180		-
9181		-2296
9182		-01:44:50,490 ~-~-> 01:44:54,990
9183		-And basically, we're looking at the
9184		-
9185		-2297
9186		-01:44:54,990 ~-~-> 01:44:57,480
9187		-European and American session. We're not
9188		-
9189		-2298
9190		-01:44:57,480 ~-~-> 01:44:59,730
9191		-going to spend too much time actually
9192		-
9193		-2299
9194		-01:44:59,760 ~-~-> 01:45:01,260
9195		-really Anytime at all really talking
9196		-
9197		-2300
9198		-01:45:01,260 ~-~-> 01:45:04,650
9199		-about Asia or the Pacific Australian
9200		-
9201		-2301
9202		-01:45:04,650 ~-~-> 01:45:06,960
9203		-session, because it's basically the
9204		-
9205		-2302
9206		-01:45:06,960 ~-~-> 01:45:09,000
9207		-quiet portion of the daily range and
9208		-
9209		-2303
9210		-01:45:09,000 ~-~-> 01:45:11,370
9211		-really when markets are accumulating new
9212		-
9213		-2304
9214		-01:45:11,370 ~-~-> 01:45:13,350
9215		-orders, okay, and we'll talk more about
9216		-
9217		-2305
9218		-01:45:13,350 ~-~-> 01:45:16,230
9219		-that later on in other episodes. But for
9220		-
9221		-2306
9222		-01:45:16,230 ~-~-> 01:45:19,320
9223		-now, understand this, I generally start
9224		-
9225		-2307
9226		-01:45:19,320 ~-~-> 01:45:22,020
9227		-hunting during the Frankfurt open, which
9228		-
9229		-2308
9230		-01:45:22,020 ~-~-> 01:45:24,360
9231		-is to aim and many, many times you'll
9232		-
9233		-2309
9234		-01:45:24,360 ~-~-> 01:45:26,370
9235		-hear me commonly call to end the
9236		-
9237		-2310
9238		-01:45:26,370 ~-~-> 01:45:28,950
9239		-beginning of the London session. And
9240		-
9241		-2311
9242		-01:45:28,950 ~-~-> 01:45:32,070
9243		-it's either because I'm rushing, trying
9244		-
9245		-2312
9246		-01:45:32,070 ~-~-> 01:45:34,470
9247		-to talk about something and really just
9248		-
9249		-2313
9250		-01:45:34,800 ~-~-> 01:45:37,110
9251		-inadvertently misquoting it, but just
9252		-
9253		-2314
9254		-01:45:37,110 ~-~-> 01:45:39,030
9255		-understand this when I get up in the
9256		-
9257		-2315
9258		-01:45:39,030 ~-~-> 01:45:40,740
9259		-middle of night to start trading in my
9260		-
9261		-2316
9262		-01:45:40,740 ~-~-> 01:45:42,930
9263		-timezone. Okay, two o'clock in the
9264		-
9265		-2317
9266		-01:45:42,930 ~-~-> 01:45:45,810
9267		-morning, I'm in there hunting, okay, but
9268		-
9269		-2318
9270		-01:45:45,810 ~-~-> 01:45:47,340
9271		-I'm hunting essentially the move that
9272		-
9273		-2319
9274		-01:45:47,340 ~-~-> 01:45:49,080
9275		-sets the higher the low of the day, and
9276		-
9277		-2320
9278		-01:45:49,080 ~-~-> 01:45:51,150
9279		-I want to trade in directional bias for
9280		-
9281		-2321
9282		-01:45:51,150 ~-~-> 01:45:53,220
9283		-that daily range going into London close
9284		-
9285		-2322
9286		-01:45:54,150 ~-~-> 01:45:59,040
9287		-and or 1800 GMT. Okay. The London kill
9288		-
9289		-2323
9290		-01:45:59,040 ~-~-> 01:46:04,800
9291		-zone. I use 5am as mine close of shop.
9292		-
9293		-2324
9294		-01:46:04,830 ~-~-> 01:46:06,150
9295		-In other words, if I haven't established
9296		-
9297		-2325
9298		-01:46:06,180 ~-~-> 01:46:09,690
9299		-a position by 5am my time, okay, I
9300		-
9301		-2326
9302		-01:46:09,690 ~-~-> 01:46:11,880
9303		-basically take a nap and come back right
9304		-
9305		-2327
9306		-01:46:11,880 ~-~-> 01:46:13,230
9307		-before seven o'clock in the morning.
9308		-
9309		-2328
9310		-01:46:13,440 ~-~-> 01:46:14,940
9311		-Okay, generally at 630 in the morning,
9312		-
9313		-2329
9314		-01:46:14,940 ~-~-> 01:46:16,200
9315		-I'm picking up the charts and seeing
9316		-
9317		-2330
9318		-01:46:16,200 ~-~-> 01:46:18,780
9319		-what's going on. Now, for the American
9320		-
9321		-2331
9322		-01:46:18,780 ~-~-> 01:46:20,610
9323		-session here, you see 8am. And that's
9324		-
9325		-2332
9326		-01:46:20,610 ~-~-> 01:46:23,400
9327		-commonly what's been disclosed with many
9328		-
9329		-2333
9330		-01:46:23,430 ~-~-> 01:46:25,440
9331		-other trading teachers. Okay, but if you
9332		-
9333		-2334
9334		-01:46:25,440 ~-~-> 01:46:27,870
9335		-look at your charts, guys, many times
9336		-
9337		-2335
9338		-01:46:27,870 ~-~-> 01:46:29,880
9339		-the moves are starting about 7am between
9340		-
9341		-2336
9342		-01:46:29,880 ~-~-> 01:46:33,240
9343		-7am to 7:30am. Okay, and now you
9344		-
9345		-2337
9346		-01:46:33,240 ~-~-> 01:46:35,070
9347		-understand why because the open outcry
9348		-
9349		-2338
9350		-01:46:35,070 ~-~-> 01:46:37,860
9351		-pit starts at 7:20am New York time. So
9352		-
9353		-2339
9354		-01:46:37,860 ~-~-> 01:46:39,570
9355		-there's a reason why there's something
9356		-
9357		-2340
9358		-01:46:39,870 ~-~-> 01:46:42,600
9359		-that you generates a signal there or a
9360		-
9361		-2341
9362		-01:46:42,600 ~-~-> 01:46:43,890
9363		-swing higher swing low that can be
9364		-
9365		-2342
9366		-01:46:43,890 ~-~-> 01:46:46,230
9367		-incorporated on that daily range, to
9368		-
9369		-2343
9370		-01:46:46,230 ~-~-> 01:46:48,900
9371		-trade intraday setups, whether it be
9372		-
9373		-2344
9374		-01:46:48,900 ~-~-> 01:46:52,680
9375		-scalps or day trades. And I'm usually
9376		-
9377		-2345
9378		-01:46:52,680 ~-~-> 01:46:54,960
9379		-close up shop anywhere between 1500 to
9380		-
9381		-2346
9382		-01:46:54,960 ~-~-> 01:46:58,050
9383		-1600. GMT, generally 80% of the time,
9384		-
9385		-2347
9386		-01:46:58,230 ~-~-> 01:47:00,000
9387		-and then when it's really really tasty.
9388		-
9389		-2348
9390		-01:47:00,000 ~-~-> 01:47:02,280
9391		-taken off and blown out all upset as I
9392		-
9393		-2349
9394		-01:47:02,280 ~-~-> 01:47:05,610
9395		-had for the day. I'll leave a very small
9396		-
9397		-2350
9398		-01:47:05,610 ~-~-> 01:47:08,190
9399		-portion of the trade on for 1800 GMT but
9400		-
9401		-2351
9402		-01:47:08,190 ~-~-> 01:47:10,980
9403		-very rarely does it ever happen many
9404		-
9405		-2352
9406		-01:47:11,010 ~-~-> 01:47:12,750
9407		-most of time 80% of the time I'm out of
9408		-
9409		-2353
9410		-01:47:12,750 ~-~-> 01:47:15,630
9411		-the market by 1600 GMT So between 1500
9412		-
9413		-2354
9414		-01:47:15,720 ~-~-> 01:47:18,600
9415		-and 1600 GMT that used to close of the
9416		-
9417		-2355
9418		-01:47:18,600 ~-~-> 01:47:20,580
9419		-day for me it's we're not usually you'll
9420		-
9421		-2356
9422		-01:47:20,580 ~-~-> 01:47:22,200
9423		-see the higher low form for the day.
9424		-
9425		-2357
9426		-01:47:22,980 ~-~-> 01:47:25,230
9427		-Okay folks, we're looking at the Euro
9428		-
9429		-2358
9430		-01:47:25,230 ~-~-> 01:47:28,710
9431		-USD five minute chart. And what I have
9432		-
9433		-2359
9434		-01:47:28,710 ~-~-> 01:47:31,260
9435		-delineated on this chart here we have
9436		-
9437		-2360
9438		-01:47:31,350 ~-~-> 01:47:35,430
9439		-these red dashed lines, okay, and green
9440		-
9441		-2361
9442		-01:47:35,430 ~-~-> 01:47:37,170
9443		-dashed lines, okay, now if I keep my
9444		-
9445		-2362
9446		-01:47:37,170 ~-~-> 01:47:38,520
9447		-mouse right on top of it, it's going to
9448		-
9449		-2363
9450		-01:47:38,520 ~-~-> 01:47:41,460
9451		-show the ICT Asian range and what I've
9452		-
9453		-2364
9454		-01:47:41,460 ~-~-> 01:47:46,110
9455		-done was simply pull up the indicator
9456		-
9457		-2365
9458		-01:47:47,310 ~-~-> 01:47:49,260
9459		-and I edited the beginning
9460		-
9461		-2366
9462		-01:47:50,670 ~-~-> 01:47:51,450
9463		-and end
9464		-
9465		-2367
9466		-01:47:51,930 ~-~-> 01:47:56,100
9467		-of specific windows of time. This is the
9468		-
9469		-2368
9470		-01:47:56,490 ~-~-> 01:47:58,830
9471		-London open kill zone that I trade with
9472		-
9473		-2369
9474		-01:47:59,550 ~-~-> 01:48:02,280
9475		-begins stocking setups for the European
9476		-
9477		-2370
9478		-01:48:02,280 ~-~-> 01:48:05,760
9479		-session at six GMT. And as late as 10
9480		-
9481		-2371
9482		-01:48:05,760 ~-~-> 01:48:10,290
9483		-GMT. And for the New York open, I made
9484		-
9485		-2372
9486		-01:48:10,290 ~-~-> 01:48:12,390
9487		-it real easy. And something that's
9488		-
9489		-2373
9490		-01:48:12,420 ~-~-> 01:48:13,920
9491		-generic you guys can use over and over
9492		-
9493		-2374
9494		-01:48:13,920 ~-~-> 01:48:18,360
9495		-again 12 to 15 GMT. Okay 12 to 15 GMT
9496		-
9497		-2375
9498		-01:48:18,810 ~-~-> 01:48:21,210
9499		-took out all of the subtle nuances that
9500		-
9501		-2376
9502		-01:48:21,210 ~-~-> 01:48:24,630
9503		-make me use 30 minute dividers and such
9504		-
9505		-2377
9506		-01:48:24,630 ~-~-> 01:48:26,460
9507		-I'm just giving you a block of time 12
9508		-
9509		-2378
9510		-01:48:26,460 ~-~-> 01:48:29,130
9511		-to 15 GMT. And that'll give you
9512		-
9513		-2379
9514		-01:48:29,160 ~-~-> 01:48:31,500
9515		-everything you would need for the New
9516		-
9517		-2380
9518		-01:48:31,500 ~-~-> 01:48:35,310
9519		-York open session. Now when you have
9520		-
9521		-2381
9522		-01:48:35,310 ~-~-> 01:48:38,610
9523		-this on your chart, okay, and I'm sure
9524		-
9525		-2382
9526		-01:48:38,610 ~-~-> 01:48:39,750
9527		-you're probably asking yourself, you
9528		-
9529		-2383
9530		-01:48:39,750 ~-~-> 01:48:40,890
9531		-know, what's great, can I have that
9532		-
9533		-2384
9534		-01:48:40,890 ~-~-> 01:48:43,680
9535		-indicator to I'm going to supply it, I'm
9536		-
9537		-2385
9538		-01:48:43,680 ~-~-> 01:48:48,210
9539		-going to add it to a file server and if
9540		-
9541		-2386
9542		-01:48:48,240 ~-~-> 01:48:53,010
9543		-FX gears comm could could allow me to
9544		-
9545		-2387
9546		-01:48:53,190 ~-~-> 01:48:55,110
9547		-host it on the thread I'm doing there.
9548		-
9549		-2388
9550		-01:48:55,590 ~-~-> 01:48:57,690
9551		-That's wonderful. If not, I'll get with
9552		-
9553		-2389
9554		-01:48:57,690 ~-~-> 01:48:59,880
9555		-jack and see if he could hook you guys
9556		-
9557		-2390
9558		-01:48:59,880 ~-~-> 01:49:02,580
9559		-up. You guys can download it and a
9560		-
9561		-2391
9562		-01:49:02,580 ~-~-> 01:49:04,380
9563		-couple other indicators that we're going
9564		-
9565		-2392
9566		-01:49:04,380 ~-~-> 01:49:06,930
9567		-to be employing in this video series.
9568		-
9569		-2393
9570		-01:49:08,430 ~-~-> 01:49:09,720
9571		-Now what I want to draw your attention
9572		-
9573		-2394
9574		-01:49:09,720 ~-~-> 01:49:12,840
9575		-to is that I want you to see the highs
9576		-
9577		-2395
9578		-01:49:12,840 ~-~-> 01:49:15,510
9579		-and lows that form during these
9580		-
9581		-2396
9582		-01:49:15,510 ~-~-> 01:49:17,880
9583		-particular sessions. This is the new
9584		-
9585		-2397
9586		-01:49:17,880 ~-~-> 01:49:20,160
9587		-york open session and the London open
9588		-
9589		-2398
9590		-01:49:20,160 ~-~-> 01:49:22,410
9591		-session, the high the day form during
9592		-
9593		-2399
9594		-01:49:22,440 ~-~-> 01:49:26,250
9595		-the London open and the low was
9596		-
9597		-2400
9598		-01:49:26,250 ~-~-> 01:49:28,830
9599		-essentially almost formed during the New
9600		-
9601		-2401
9602		-01:49:28,830 ~-~-> 01:49:32,760
9603		-York session going into that 1600 hour
9604		-
9605		-2402
9606		-01:49:34,050 ~-~-> 01:49:34,950
9607		-the next day.
9608		-
9609		-2403
9610		-01:49:36,330 ~-~-> 01:49:39,180
9611		-Okay, we have a nice tradable rally up
9612		-
9613		-2404
9614		-01:49:39,210 ~-~-> 01:49:43,500
9615		-into this area of time it was just
9616		-
9617		-2405
9618		-01:49:43,500 ~-~-> 01:49:46,470
9619		-outside of it by two, two bars here or
9620		-
9621		-2406
9622		-01:49:46,470 ~-~-> 01:49:49,590
9623		-an hour 10 minutes and then sold off. We
9624		-
9625		-2407
9626		-01:49:49,590 ~-~-> 01:49:51,090
9627		-have a nice opportunity to get in sync
9628		-
9629		-2408
9630		-01:49:51,090 ~-~-> 01:49:53,070
9631		-with the daily trend here with a high
9632		-
9633		-2409
9634		-01:49:53,070 ~-~-> 01:49:56,340
9635		-forming in New York open and making a
9636		-
9637		-2410
9638		-01:49:56,340 ~-~-> 01:50:00,510
9639		-move lower. We have the low forming in
9640		-
9641		-2411
9642		-01:50:00,510 ~-~-> 01:50:02,940
9643		-London. And then another tradable low
9644		-
9645		-2412
9646		-01:50:02,940 ~-~-> 01:50:06,330
9647		-off of the direction formed from the
9648		-
9649		-2413
9650		-01:50:06,360 ~-~-> 01:50:09,540
9651		-London open. Here is the New York open
9652		-
9653		-2414
9654		-01:50:10,260 ~-~-> 01:50:16,080
9655		-trade. And this happened to be one that
9656		-
9657		-2415
9658		-01:50:16,080 ~-~-> 01:50:20,310
9659		-I took part in and a live trade. So this
9660		-
9661		-2416
9662		-01:50:20,310 ~-~-> 01:50:22,260
9663		-is the scenario. I'll go over this
9664		-
9665		-2417
9666		-01:50:22,260 ~-~-> 01:50:23,490
9667		-because I hadn't been doing video
9668		-
9669		-2418
9670		-01:50:24,150 ~-~-> 01:50:27,930
9671		-reviews in a couple weeks. Just give you
9672		-
9673		-2419
9674		-01:50:27,930 ~-~-> 01:50:35,760
9675		-this as a highlight. Okay, the price
9676		-
9677		-2420
9678		-01:50:35,760 ~-~-> 01:50:40,590
9679		-made all these multiple steps lower and
9680		-
9681		-2421
9682		-01:50:40,590 ~-~-> 01:50:42,180
9683		-showed an unwillingness to go lower
9684		-
9685		-2422
9686		-01:50:42,210 ~-~-> 01:50:45,870
9687		-consolidated, found a low in London
9688		-
9689		-2423
9690		-01:50:45,930 ~-~-> 01:50:51,060
9691		-open, trade it up and retraced into New
9692		-
9693		-2424
9694		-01:50:51,060 ~-~-> 01:50:53,490
9695		-York session going into optimal trade
9696		-
9697		-2425
9698		-01:50:53,490 ~-~-> 01:50:59,040
9699		-entry and a sweet spot and rallied on up
9700		-
9701		-2426
9702		-01:50:59,070 ~-~-> 01:50:59,490
9703		-now
9704		-
9705		-2427
9706		-01:51:01,860 ~-~-> 01:51:02,370
9707		-If
9708		-
9709		-2428
9710		-01:51:08,580 ~-~-> 01:51:09,750
9711		-you use your
9712		-
9713		-2429
9714		-01:51:12,030 ~-~-> 01:51:13,140
9715		-Fibonacci tools
9716		-
9717		-2430
9718		-01:51:25,050 ~-~-> 01:51:28,410
9719		-here's your 162 extension, nailing it
9720		-
9721		-2431
9722		-01:51:28,500 ~-~-> 01:51:31,200
9723		-for the high and we'll talk more about
9724		-
9725		-2432
9726		-01:51:31,200 ~-~-> 01:51:33,930
9727		-targeting and an exit prices and all
9728		-
9729		-2433
9730		-01:51:33,930 ~-~-> 01:51:35,850
9731		-that stuff when we get into later
9732		-
9733		-2434
9734		-01:51:36,000 ~-~-> 01:51:38,220
9735		-portions of the series but you can see
9736		-
9737		-2435
9738		-01:51:38,220 ~-~-> 01:51:41,790
9739		-how the London and New York open kill
9740		-
9741		-2436
9742		-01:51:41,790 ~-~-> 01:51:43,290
9743		-zones here gave you very nice
9744		-
9745		-2437
9746		-01:51:43,320 ~-~-> 01:51:46,290
9747		-opportunities for setup. Here we have
9748		-
9749		-2438
9750		-01:51:46,290 ~-~-> 01:51:48,810
9751		-another scenario where using the
9752		-
9753		-2439
9754		-01:51:48,810 ~-~-> 01:51:51,420
9755		-previous day's low, okay, and all we're
9756		-
9757		-2440
9758		-01:51:51,420 ~-~-> 01:51:52,740
9759		-doing here is highlighting the
9760		-
9761		-2441
9762		-01:51:52,740 ~-~-> 01:51:56,610
9763		-importance or the influence that the New
9764		-
9765		-2442
9766		-01:51:56,610 ~-~-> 01:52:01,140
9767		-York and London kill zones provides for
9768		-
9769		-2443
9770		-01:52:01,320 ~-~-> 01:52:04,860
9771		-setting up opportunities to trade this
9772		-
9773		-2444
9774		-01:52:05,010 ~-~-> 01:52:09,150
9775		-area here, okay, during the London open,
9776		-
9777		-2445
9778		-01:52:11,010 ~-~-> 01:52:13,920
9779		-we retraced inside this range here. And
9780		-
9781		-2446
9782		-01:52:13,920 ~-~-> 01:52:16,290
9783		-then where we had this consolidation and
9784		-
9785		-2447
9786		-01:52:16,290 ~-~-> 01:52:18,750
9787		-the market moved out of it, this this
9788		-
9789		-2448
9790		-01:52:18,780 ~-~-> 01:52:22,410
9791		-placement can only happen when there is
9792		-
9793		-2449
9794		-01:52:22,500 ~-~-> 01:52:24,990
9795		-a large entity behind the move, okay,
9796		-
9797		-2450
9798		-01:52:24,990 ~-~-> 01:52:27,180
9799		-retail traders will not cause this.
9800		-
9801		-2451
9802		-01:52:27,330 ~-~-> 01:52:29,910
9803		-Okay. And then price retraces back into
9804		-
9805		-2452
9806		-01:52:29,910 ~-~-> 01:52:31,680
9807		-it. And then What's it do arise up
9808		-
9809		-2453
9810		-01:52:31,680 ~-~-> 01:52:33,870
9811		-again, where's it rally to, to take out
9812		-
9813		-2454
9814		-01:52:33,990 ~-~-> 01:52:36,150
9815		-old highs in here that were to clean?
9816		-
9817		-2455
9818		-01:52:36,300 ~-~-> 01:52:38,640
9819		-Okay, it's way too clean and price
9820		-
9821		-2456
9822		-01:52:38,640 ~-~-> 01:52:40,200
9823		-stabbed up in there and gave an
9824		-
9825		-2457
9826		-01:52:40,200 ~-~-> 01:52:42,480
9827		-opportunity to take profits if you were
9828		-
9829		-2458
9830		-01:52:42,480 ~-~-> 01:52:44,970
9831		-a short term scalper on the long side,
9832		-
9833		-2459
9834		-01:52:45,390 ~-~-> 01:52:47,970
9835		-but the bias was lower. Okay. And we
9836		-
9837		-2460
9838		-01:52:47,970 ~-~-> 01:52:51,840
9839		-talked about earlier. You know how it's
9840		-
9841		-2461
9842		-01:52:51,840 ~-~-> 01:52:52,950
9843		-important to focus on these higher
9844		-
9845		-2462
9846		-01:52:52,950 ~-~-> 01:52:57,870
9847		-timeframe key reaction levels and the
9848		-
9849		-2463
9850		-01:52:57,900 ~-~-> 01:52:59,760
9851		-that was the reason why we saw this
9852		-
9853		-2464
9854		-01:53:00,270 ~-~-> 01:53:05,490
9855		-Really explosive move lower the high
9856		-
9857		-2465
9858		-01:53:05,490 ~-~-> 01:53:08,280
9859		-form during the New York open session
9860		-
9861		-2466
9862		-01:53:08,940 ~-~-> 01:53:12,510
9863		-and the low actually formed in the New
9864		-
9865		-2467
9866		-01:53:12,510 ~-~-> 01:53:16,140
9867		-York session as well. The Fallen day we
9868		-
9869		-2468
9870		-01:53:16,140 ~-~-> 01:53:19,980
9871		-had a short term, high four and a half
9872		-
9873		-2469
9874		-01:53:19,980 ~-~-> 01:53:24,960
9875		-here, but a tradable low formed off the
9876		-
9877		-2470
9878		-01:53:24,990 ~-~-> 01:53:28,590
9879		-fiber ended New York session making the
9880		-
9881		-2471
9882		-01:53:28,590 ~-~-> 01:53:31,500
9883		-high here and enclosing the weekend. As
9884		-
9885		-2472
9886		-01:53:31,500 ~-~-> 01:53:37,680
9887		-we see the kill zones are where you
9888		-
9889		-2473
9890		-01:53:37,710 ~-~-> 01:53:41,430
9891		-bracket in terms of time. Now by itself
9892		-
9893		-2474
9894		-01:53:41,460 ~-~-> 01:53:43,020
9895		-doesn't do anything for you. You have to
9896		-
9897		-2475
9898		-01:53:43,020 ~-~-> 01:53:44,730
9899		-have an understanding of support
9900		-
9901		-2476
9902		-01:53:44,730 ~-~-> 01:53:49,260
9903		-resistance and key music reaction levels
9904		-
9905		-2477
9906		-01:53:49,260 ~-~-> 01:53:51,930
9907		-and directional premise to frame your
9908		-
9909		-2478
9910		-01:53:51,930 ~-~-> 01:53:54,630
9911		-trade on but inside these little
9912		-
9913		-2479
9914		-01:53:54,630 ~-~-> 01:53:57,510
9915		-pockets, okay, and really it looks like
9916		-
9917		-2480
9918		-01:53:57,510 ~-~-> 01:54:00,630
9919		-this if if it's hard for You just see
9920		-
9921		-2481
9922		-01:54:02,520 ~-~-> 01:54:04,860
9923		-it's this whole window right here of
9924		-
9925		-2482
9926		-01:54:04,860 ~-~-> 01:54:08,730
9927		-time. Inside this block of time is where
9928		-
9929		-2483
9930		-01:54:08,730 ~-~-> 01:54:11,280
9931		-the scenario of a trade should form.
9932		-
9933		-2484
9934		-01:54:11,700 ~-~-> 01:54:15,960
9935		-Okay? And the same thing goes for the
9936		-
9937		-2485
9938		-01:54:16,680 ~-~-> 01:54:21,090
9939		-London open inside this area or small
9940		-
9941		-2486
9942		-01:54:21,090 ~-~-> 01:54:23,550
9943		-little pocket of time in price. That's
9944		-
9945		-2487
9946		-01:54:23,550 ~-~-> 01:54:24,930
9947		-what the scenario is going to unfold for
9948		-
9949		-2488
9950		-01:54:24,930 ~-~-> 01:54:27,300
9951		-you to take a trade. Okay? So it allows
9952		-
9953		-2489
9954		-01:54:27,300 ~-~-> 01:54:29,940
9955		-you to really hone in like a scope on a
9956		-
9957		-2490
9958		-01:54:29,940 ~-~-> 01:54:33,120
9959		-rifle like a sniper. Does zero in on
9960		-
9961		-2491
9962		-01:54:33,120 ~-~-> 01:54:35,700
9963		-where you should be sitting down in
9964		-
9965		-2492
9966		-01:54:35,700 ~-~-> 01:54:37,470
9967		-front of your computer. Okay, if you're
9968		-
9969		-2493
9970		-01:54:37,470 ~-~-> 01:54:39,540
9971		-a London open, or London trader, this is
9972		-
9973		-2494
9974		-01:54:39,540 ~-~-> 01:54:41,910
9975		-where you do your business. Okay, if you
9976		-
9977		-2495
9978		-01:54:41,910 ~-~-> 01:54:43,650
9979		-are a London trader and don't trade down
9980		-
9981		-2496
9982		-01:54:43,650 ~-~-> 01:54:44,730
9983		-in New York question, you're cheating
9984		-
9985		-2497
9986		-01:54:44,730 ~-~-> 01:54:46,110
9987		-yourself because there's a lot of times
9988		-
9989		-2498
9990		-01:54:46,470 ~-~-> 01:54:49,440
9991		-the setups that you may have missed
9992		-
9993		-2499
9994		-01:54:49,440 ~-~-> 01:54:51,090
9995		-being incorrect or just miss all
9996		-
9997		-2500
9998		-01:54:51,090 ~-~-> 01:54:53,040
9999		-together will give you a an opportunity
10000		-
10001		-2501
10002		-01:54:53,040 ~-~-> 01:54:55,200
10003		-to get in sync with that move. darned in
10004		-
10005		-2502
10006		-01:54:55,200 ~-~-> 01:54:58,680
10007		-New York session. My My best advice as a
10008		-
10009		-2503
10010		-01:54:58,680 ~-~-> 01:55:00,570
10011		-mentor would be to really try Learn that
10012		-
10013		-2504
10014		-01:55:00,570 ~-~-> 01:55:04,560
10015		-New York session. It's very comfortable
10016		-
10017		-2505
10018		-01:55:04,560 ~-~-> 01:55:06,600
10019		-traded as in North American trader,
10020		-
10021		-2506
10022		-01:55:07,860 ~-~-> 01:55:10,800
10023		-unless you're on the west coast, and if
10024		-
10025		-2507
10026		-01:55:10,800 ~-~-> 01:55:12,420
10027		-you're out there on the west coast, you
10028		-
10029		-2508
10030		-01:55:12,420 ~-~-> 01:55:13,590
10031		-know, that's just something that's gonna
10032		-
10033		-2509
10034		-01:55:13,860 ~-~-> 01:55:16,440
10035		-have to suck up because there's nothing
10036		-
10037		-2510
10038		-01:55:16,440 ~-~-> 01:55:18,390
10039		-more about it than I can say that you
10040		-
10041		-2511
10042		-01:55:18,420 ~-~-> 01:55:20,250
10043		-guys got generally very favorable
10044		-
10045		-2512
10046		-01:55:20,250 ~-~-> 01:55:23,340
10047		-weather. So this is the thing you got to
10048		-
10049		-2513
10050		-01:55:23,340 ~-~-> 01:55:26,790
10051		-trade in for it. And so, anyway, the New
10052		-
10053		-2514
10054		-01:55:26,790 ~-~-> 01:55:28,380
10055		-York session, obviously, to me, I think
10056		-
10057		-2515
10058		-01:55:28,380 ~-~-> 01:55:30,090
10059		-is the easiest one to learn. It's the
10060		-
10061		-2516
10062		-01:55:30,090 ~-~-> 01:55:32,430
10063		-most forgiving because it gives you the
10064		-
10065		-2517
10066		-01:55:32,430 ~-~-> 01:55:35,760
10067		-London session behind you, as a, you
10068		-
10069		-2518
10070		-01:55:35,760 ~-~-> 01:55:37,380
10071		-know, a catalyst just to frame your
10072		-
10073		-2519
10074		-01:55:37,380 ~-~-> 01:55:39,120
10075		-trade off. So if you have a higher time
10076		-
10077		-2520
10078		-01:55:39,120 ~-~-> 01:55:40,800
10079		-frame support and resistance level,
10080		-
10081		-2521
10082		-01:55:41,010 ~-~-> 01:55:43,410
10083		-noted a directional premise in mind, and
10084		-
10085		-2522
10086		-01:55:43,410 ~-~-> 01:55:44,910
10087		-then you have, you know, the London
10088		-
10089		-2523
10090		-01:55:44,910 ~-~-> 01:55:47,130
10091		-session, can you in that same direction
10092		-
10093		-2524
10094		-01:55:47,130 ~-~-> 01:55:48,960
10095		-mean you have a loaded deal, as you have
10096		-
10097		-2525
10098		-01:55:48,960 ~-~-> 01:55:51,180
10099		-here in this example on the fourth of
10100		-
10101		-2526
10102		-01:55:51,180 ~-~-> 01:55:51,810
10103		-September
10104		-
10105		-2527
10106		-01:55:55,500 ~-~-> 01:55:56,070
10107		-the
10108		-
10109		-2528
10110		-01:55:58,770 ~-~-> 01:56:00,000
10111		-let's take all this stuff off, actually.
10112		-
10113		-2529
10114		-01:56:01,650 ~-~-> 01:56:04,230
10115		-If you have
10116		-
10117		-2530
10118		-01:56:06,240 ~-~-> 01:56:07,470
10119		-any doubts that
10120		-
10121		-2531
10122		-01:56:09,240 ~-~-> 01:56:10,050
10123		-there is
10124		-
10125		-2532
10126		-01:56:11,610 ~-~-> 01:56:12,240
10127		-some
10128		-
10129		-2533
10130		-01:56:13,140 ~-~-> 01:56:16,560
10131		-significance behind these particular
10132		-
10133		-2534
10134		-01:56:16,560 ~-~-> 01:56:18,810
10135		-windows of time, it's going to be your
10136		-
10137		-2535
10138		-01:56:18,810 ~-~-> 01:56:23,040
10139		-homework to actually go through the next
10140		-
10141		-2536
10142		-01:56:23,040 ~-~-> 01:56:26,640
10143		-week, okay, and have those time windows
10144		-
10145		-2537
10146		-01:56:26,640 ~-~-> 01:56:31,110
10147		-bracketed out. Again, for the New York
10148		-
10149		-2538
10150		-01:56:31,110 ~-~-> 01:56:35,280
10151		-session, it's going to be 12 GMT to 1500
10152		-
10153		-2539
10154		-01:56:35,280 ~-~-> 01:56:40,920
10155		-GMT. And six GMT, the 10 GMT for the
10156		-
10157		-2540
10158		-01:56:40,950 ~-~-> 01:56:43,440
10159		-London open kill zone. And for those who
10160		-
10161		-2541
10162		-01:56:43,440 ~-~-> 01:56:44,310
10163		-have been following me for a while if
10164		-
10165		-2542
10166		-01:56:44,310 ~-~-> 01:56:45,360
10167		-you've noticed there's a slight
10168		-
10169		-2543
10170		-01:56:45,360 ~-~-> 01:56:47,430
10171		-difference in those windows. I just did
10172		-
10173		-2544
10174		-01:56:47,430 ~-~-> 01:56:48,990
10175		-it for this teaching series because
10176		-
10177		-2545
10178		-01:56:48,990 ~-~-> 01:56:51,210
10179		-there's a lot of members of FX gears
10180		-
10181		-2546
10182		-01:56:51,210 ~-~-> 01:56:53,370
10183		-it's not familiar with my stuff. And I'm
10184		-
10185		-2547
10186		-01:56:53,370 ~-~-> 01:56:55,110
10187		-not going to be populating their website
10188		-
10189		-2548
10190		-01:56:55,110 ~-~-> 01:56:57,000
10191		-with all of my videos so I just more or
10192		-
10193		-2549
10194		-01:56:57,000 ~-~-> 01:56:59,970
10195		-less made it user friendly. So that way
10196		-
10197		-2550
10198		-01:57:00,000 ~-~-> 01:57:02,190
10199		-guys can have generic time windows to
10200		-
10201		-2551
10202		-01:57:02,190 ~-~-> 01:57:04,770
10203		-work with and they'll be very friendly
10204		-
10205		-2552
10206		-01:57:04,770 ~-~-> 01:57:06,210
10207		-to you, there's nothing going to be
10208		-
10209		-2553
10210		-01:57:06,480 ~-~-> 01:57:08,250
10211		-missed outside of those windows of time.
10212		-
10213		-2554
10214		-01:57:09,000 ~-~-> 01:57:12,360
10215		-But if you do this for a week, okay, my
10216		-
10217		-2555
10218		-01:57:12,480 ~-~-> 01:57:14,610
10219		-advice is to see what happens during
10220		-
10221		-2556
10222		-01:57:14,610 ~-~-> 01:57:18,750
10223		-these windows of time. Okay? And when
10224		-
10225		-2557
10226		-01:57:18,750 ~-~-> 01:57:22,320
10227		-there is high level, higher timeframe,
10228		-
10229		-2558
10230		-01:57:22,680 ~-~-> 01:57:25,260
10231		-reaction level around the same pockets
10232		-
10233		-2559
10234		-01:57:25,260 ~-~-> 01:57:27,450
10235		-of opportunity in terms of time kills
10236		-
10237		-2560
10238		-01:57:27,450 ~-~-> 01:57:29,520
10239		-ends, and then you'll see a confluence
10240		-
10241		-2561
10242		-01:57:29,550 ~-~-> 01:57:32,730
10243		-of events unfolding that if you miss it,
10244		-
10245		-2562
10246		-01:57:32,730 ~-~-> 01:57:34,170
10247		-we'll find out more about it in the
10248		-
10249		-2563
10250		-01:57:34,170 ~-~-> 01:57:35,250
10251		-fourth installment because we're going
10252		-
10253		-2564
10254		-01:57:35,250 ~-~-> 01:57:37,260
10255		-to go over the examples. But really, I
10256		-
10257		-2565
10258		-01:57:37,260 ~-~-> 01:57:40,560
10259		-want you to see what you think may
10260		-
10261		-2566
10262		-01:57:40,560 ~-~-> 01:57:42,210
10263		-happen based on everything we've covered
10264		-
10265		-2567
10266		-01:57:42,210 ~-~-> 01:57:45,120
10267		-so far. It's not a test, okay? It's just
10268		-
10269		-2568
10270		-01:57:45,150 ~-~-> 01:57:47,310
10271		-a learning opportunity for you to
10272		-
10273		-2569
10274		-01:57:47,310 ~-~-> 01:57:49,770
10275		-familiarize yourself with price action.
10276		-
10277		-2570
10278		-01:57:58,050 ~-~-> 01:58:01,320
10279		-Okay, we are looking at the ICT market
10280		-
10281		-2571
10282		-01:58:01,320 ~-~-> 01:58:07,200
10283		-maker by model, okay? This very crude
10284		-
10285		-2572
10286		-01:58:07,290 ~-~-> 01:58:12,210
10287		-depiction of how markets move on a
10288		-
10289		-2573
10290		-01:58:12,240 ~-~-> 01:58:14,970
10291		-fractal basis, okay. Generally what
10292		-
10293		-2574
10294		-01:58:14,970 ~-~-> 01:58:16,800
10295		-you'll see is the market will open
10296		-
10297		-2575
10298		-01:58:17,970 ~-~-> 01:58:21,360
10299		-inside of a consolidation trading range
10300		-
10301		-2576
10302		-01:58:21,960 ~-~-> 01:58:25,740
10303		-and not open but don't enter a trading
10304		-
10305		-2577
10306		-01:58:25,740 ~-~-> 01:58:30,060
10307		-range environment. Now this by model is
10308		-
10309		-2578
10310		-01:58:30,060 ~-~-> 01:58:31,560
10311		-really universal, it could be applied to
10312		-
10313		-2579
10314		-01:58:31,560 ~-~-> 01:58:33,210
10315		-any timeframe but we're going to be
10316		-
10317		-2580
10318		-01:58:33,210 ~-~-> 01:58:37,560
10319		-basically looking at it on the four
10320		-
10321		-2581
10322		-01:58:37,560 ~-~-> 01:58:41,670
10323		-hour, one hour 15 and five minute basis,
10324		-
10325		-2582
10326		-01:58:41,820 ~-~-> 01:58:44,790
10327		-okay. And what will happen is, is the
10328		-
10329		-2583
10330		-01:58:44,790 ~-~-> 01:58:45,600
10331		-market will move out of that
10332		-
10333		-2584
10334		-01:58:45,600 ~-~-> 01:58:48,060
10335		-consolidation, trade out of it and then
10336		-
10337		-2585
10338		-01:58:48,060 ~-~-> 01:58:50,070
10339		-come back and many times retest that
10340		-
10341		-2586
10342		-01:58:50,070 ~-~-> 01:58:52,800
10343		-first consolidation. Okay, so if you
10344		-
10345		-2587
10346		-01:58:52,800 ~-~-> 01:58:55,350
10347		-miss the accumulation portion of the
10348		-
10349		-2588
10350		-01:58:55,380 ~-~-> 01:58:59,130
10351		-first wave down, you can get back
10352		-
10353		-2589
10354		-01:58:59,640 ~-~-> 01:59:01,110
10355		-instantly With it by waiting for this
10356		-
10357		-2590
10358		-01:59:01,110 ~-~-> 01:59:04,770
10359		-retracement up, okay? And this just
10360		-
10361		-2591
10362		-01:59:04,770 ~-~-> 01:59:07,980
10363		-swings aren't generally in this example,
10364		-
10365		-2592
10366		-01:59:08,970 ~-~-> 01:59:10,860
10367		-aren't really uniform. In other words,
10368		-
10369		-2593
10370		-01:59:10,860 ~-~-> 01:59:12,330
10371		-this could come up a little bit higher
10372		-
10373		-2594
10374		-01:59:12,330 ~-~-> 01:59:14,910
10375		-into the range from this high here to
10376		-
10377		-2595
10378		-01:59:14,910 ~-~-> 01:59:17,460
10379		-this low and give you some kind of a 62
10380		-
10381		-2596
10382		-01:59:17,460 ~-~-> 01:59:20,970
10383		-to 77 tradesmen level not necessary. But
10384		-
10385		-2597
10386		-01:59:21,360 ~-~-> 01:59:22,860
10387		-there's other factors that you could
10388		-
10389		-2598
10390		-01:59:22,860 ~-~-> 01:59:25,140
10391		-hunt in here to set up a scenario to
10392		-
10393		-2599
10394		-01:59:25,140 ~-~-> 01:59:28,230
10395		-sell short if you want to participate in
10396		-
10397		-2600
10398		-01:59:28,230 ~-~-> 01:59:31,950
10399		-the first leg going lower. Once price
10400		-
10401		-2601
10402		-01:59:31,950 ~-~-> 01:59:34,680
10403		-comes down into a resistance level or
10404		-
10405		-2602
10406		-01:59:34,680 ~-~-> 01:59:37,650
10407		-support level, you have an inversion
10408		-
10409		-2603
10410		-01:59:37,650 ~-~-> 01:59:40,140
10411		-level where maybe this level was
10412		-
10413		-2604
10414		-01:59:40,140 ~-~-> 01:59:42,300
10415		-possibly an old level of resistance and
10416		-
10417		-2605
10418		-01:59:42,420 ~-~-> 01:59:44,490
10419		-my market broke through came back down
10420		-
10421		-2606
10422		-01:59:44,490 ~-~-> 01:59:46,860
10423		-down to testing and support. Basically
10424		-
10425		-2607
10426		-01:59:46,890 ~-~-> 01:59:49,020
10427		-when price comes down to a clear level
10428		-
10429		-2608
10430		-01:59:49,080 ~-~-> 01:59:53,730
10431		-of support rather, we could expect the
10432		-
10433		-2609
10434		-01:59:53,730 ~-~-> 01:59:55,380
10435		-market to turn around now doesn't mean
10436		-
10437		-2610
10438		-01:59:55,410 ~-~-> 01:59:56,910
10439		-we did go in here start buying it up.
10440		-
10441		-2611
10442		-01:59:56,940 ~-~-> 02:00:00,000
10443		-You can but I don't generally teach them
10444		-
10445		-2612
10446		-02:00:00,000 ~-~-> 02:00:02,910
10447		-That as a means of doing it. After some
10448		-
10449		-2613
10450		-02:00:02,910 ~-~-> 02:00:05,850
10451		-years of training and trading real time
10452		-
10453		-2614
10454		-02:00:05,880 ~-~-> 02:00:07,950
10455		-once you get some experience under your
10456		-
10457		-2615
10458		-02:00:07,950 ~-~-> 02:00:09,240
10459		-belt, you may be able to take trades
10460		-
10461		-2616
10462		-02:00:09,240 ~-~-> 02:00:10,470
10463		-like that. But that's not what I'm
10464		-
10465		-2617
10466		-02:00:10,920 ~-~-> 02:00:13,380
10467		-illustrating in these videos, I want you
10468		-
10469		-2618
10470		-02:00:13,380 ~-~-> 02:00:15,570
10471		-to wait for some confirmation.
10472		-
10473		-2619
10474		-02:00:16,200 ~-~-> 02:00:17,610
10475		-Confirmation comes in the form of a
10476		-
10477		-2620
10478		-02:00:17,610 ~-~-> 02:00:20,580
10479		-break in market structure. And it moves
10480		-
10481		-2621
10482		-02:00:20,580 ~-~-> 02:00:22,470
10483		-higher and many times comes back and
10484		-
10485		-2622
10486		-02:00:22,470 ~-~-> 02:00:23,700
10487		-gives you an opportunity to retest that
10488		-
10489		-2623
10490		-02:00:23,700 ~-~-> 02:00:25,530
10491		-first consolidation in here after the
10492		-
10493		-2624
10494		-02:00:25,530 ~-~-> 02:00:27,420
10495		-climax reversal pattern forms at
10496		-
10497		-2625
10498		-02:00:27,420 ~-~-> 02:00:30,570
10499		-support. price will come up and rally
10500		-
10501		-2626
10502		-02:00:30,570 ~-~-> 02:00:31,800
10503		-out of that again move into another
10504		-
10505		-2627
10506		-02:00:31,800 ~-~-> 02:00:34,500
10507		-consolidation. Okay, and we could be
10508		-
10509		-2628
10510		-02:00:34,530 ~-~-> 02:00:36,060
10511		-working off of the levels that was
10512		-
10513		-2629
10514		-02:00:36,060 ~-~-> 02:00:39,030
10515		-formed over here. Okay, so whatever
10516		-
10517		-2630
10518		-02:00:39,030 ~-~-> 02:00:41,460
10519		-timeframe this pattern forms in, okay,
10520		-
10521		-2631
10522		-02:00:41,460 ~-~-> 02:00:43,380
10523		-you're gonna be utilizing again same
10524		-
10525		-2632
10526		-02:00:43,380 ~-~-> 02:00:45,480
10527		-premise of key support resistance. This
10528		-
10529		-2633
10530		-02:00:45,480 ~-~-> 02:00:47,610
10531		-will be another continuation pattern off
10532		-
10533		-2634
10534		-02:00:47,610 ~-~-> 02:00:49,770
10535		-of what would be expected as a climax
10536		-
10537		-2635
10538		-02:00:49,770 ~-~-> 02:00:52,830
10539		-reversal by setup down here, off of a
10540		-
10541		-2636
10542		-02:00:52,890 ~-~-> 02:00:57,090
10543		-higher level timeframe key support. When
10544		-
10545		-2637
10546		-02:00:57,090 ~-~-> 02:00:59,550
10547		-the secondary buy scenario happens here
10548		-
10549		-2638
10550		-02:00:59,550 ~-~-> 02:01:02,340
10551		-or It just makes one. Okay, there's
10552		-
10553		-2639
10554		-02:01:02,340 ~-~-> 02:01:04,530
10555		-that's why these two boxes are blue.
10556		-
10557		-2640
10558		-02:01:04,980 ~-~-> 02:01:08,790
10559		-Generally, it can be one or two small
10560		-
10561		-2641
10562		-02:01:08,790 ~-~-> 02:01:10,500
10563		-little pauses or consolidations and then
10564		-
10565		-2642
10566		-02:01:10,530 ~-~-> 02:01:13,380
10567		-there's a explosive move up to take out
10568		-
10569		-2643
10570		-02:01:13,710 ~-~-> 02:01:16,200
10571		-the highs above the first consolidation.
10572		-
10573		-2644
10574		-02:01:16,380 ~-~-> 02:01:19,620
10575		-Okay? And the premise is this, the
10576		-
10577		-2645
10578		-02:01:19,650 ~-~-> 02:01:22,140
10579		-market makers start building up orders
10580		-
10581		-2646
10582		-02:01:22,140 ~-~-> 02:01:23,760
10583		-in here, okay, and the whole price
10584		-
10585		-2647
10586		-02:01:23,760 ~-~-> 02:01:26,190
10587		-within a clearly defined range. There's
10588		-
10589		-2648
10590		-02:01:26,190 ~-~-> 02:01:27,720
10591		-not enough buyers that keep it higher
10592		-
10593		-2649
10594		-02:01:27,810 ~-~-> 02:01:29,700
10595		-and there's not enough sellers to take
10596		-
10597		-2650
10598		-02:01:29,700 ~-~-> 02:01:32,190
10599		-it lower. So what'll happen is is market
10600		-
10601		-2651
10602		-02:01:32,190 ~-~-> 02:01:33,600
10603		-makers keep it in a tight range, so
10604		-
10605		-2652
10606		-02:01:33,600 ~-~-> 02:01:36,150
10607		-accumulate positions, okay. Now, what
10608		-
10609		-2653
10610		-02:01:36,150 ~-~-> 02:01:38,850
10611		-they want is to hold the market in a
10612		-
10613		-2654
10614		-02:01:38,850 ~-~-> 02:01:39,780
10615		-holding pattern
10616		-
10617		-2655
10618		-02:01:41,100 ~-~-> 02:01:44,940
10619		-to establish a premise for them to take
10620		-
10621		-2656
10622		-02:01:44,940 ~-~-> 02:01:47,790
10623		-the market the other way. Same thing can
10624		-
10625		-2657
10626		-02:01:47,790 ~-~-> 02:01:49,770
10627		-be seen here just in reverse on a market
10628		-
10629		-2658
10630		-02:01:49,770 ~-~-> 02:01:51,930
10631		-maker sell model. We have a
10632		-
10633		-2659
10634		-02:01:51,930 ~-~-> 02:01:55,800
10635		-consolidation and The move comes out of
10636		-
10637		-2660
10638		-02:01:55,800 ~-~-> 02:01:58,050
10639		-the consolidation and the highs of that
10640		-
10641		-2661
10642		-02:01:58,080 ~-~-> 02:01:59,970
10643		-consolidation are usually reached.
10644		-
10645		-2662
10646		-02:02:00,000 ~-~-> 02:02:02,610
10647		-tested. Now, again, that doesn't always
10648		-
10649		-2663
10650		-02:02:02,610 ~-~-> 02:02:04,650
10651		-have to happen like that, but we expect
10652		-
10653		-2664
10654		-02:02:04,650 ~-~-> 02:02:06,360
10655		-it to happen. If it doesn't come back
10656		-
10657		-2665
10658		-02:02:06,360 ~-~-> 02:02:08,160
10659		-down at least many times, it'll give you
10660		-
10661		-2666
10662		-02:02:08,160 ~-~-> 02:02:10,290
10663		-some kind of a small little pause in
10664		-
10665		-2667
10666		-02:02:10,290 ~-~-> 02:02:12,210
10667		-here or maybe a bull flag formation type
10668		-
10669		-2668
10670		-02:02:12,210 ~-~-> 02:02:14,430
10671		-thing. And then it will rally up into a
10672		-
10673		-2669
10674		-02:02:14,430 ~-~-> 02:02:17,490
10675		-clearly defined resistance level. inside
10676		-
10677		-2670
10678		-02:02:17,490 ~-~-> 02:02:18,870
10679		-of that resistance level, there will be
10680		-
10681		-2671
10682		-02:02:18,870 ~-~-> 02:02:22,050
10683		-a climax reversal pattern. Okay? Many
10684		-
10685		-2672
10686		-02:02:22,050 ~-~-> 02:02:24,780
10687		-times you'll see, okay, here's a little
10688		-
10689		-2673
10690		-02:02:24,840 ~-~-> 02:02:27,180
10691		-notepad moment for you. If you want to
10692		-
10693		-2674
10694		-02:02:27,180 ~-~-> 02:02:29,430
10695		-see when indicators work, like they do
10696		-
10697		-2675
10698		-02:02:29,430 ~-~-> 02:02:31,590
10699		-in the textbooks, okay, if you see this
10700		-
10701		-2676
10702		-02:02:31,590 ~-~-> 02:02:33,990
10703		-pattern here, unfolding like this and
10704		-
10705		-2677
10706		-02:02:33,990 ~-~-> 02:02:36,330
10707		-trades up into a resistance level, many
10708		-
10709		-2678
10710		-02:02:36,330 ~-~-> 02:02:38,100
10711		-times you're going to see your standard
10712		-
10713		-2679
10714		-02:02:38,130 ~-~-> 02:02:41,430
10715		-divergence of the MACD your stochastics
10716		-
10717		-2680
10718		-02:02:41,460 ~-~-> 02:02:45,330
10719		-or RSI, your CCI, you know, spaghetti,
10720		-
10721		-2681
10722		-02:02:45,570 ~-~-> 02:02:47,670
10723		-whatever it is you use for your
10724		-
10725		-2682
10726		-02:02:47,670 ~-~-> 02:02:50,310
10727		-indicators. If it causes a divergence
10728		-
10729		-2683
10730		-02:02:50,310 ~-~-> 02:02:52,200
10731		-for a buy or sell signal, you're going
10732		-
10733		-2684
10734		-02:02:52,200 ~-~-> 02:02:55,110
10735		-to see it form here. Okay, and because
10736		-
10737		-2685
10738		-02:02:55,110 ~-~-> 02:02:57,030
10739		-think about if this if these indicators
10740		-
10741		-2686
10742		-02:02:57,690 ~-~-> 02:03:00,000
10743		-didn't call major moves would never
10744		-
10745		-2687
10746		-02:03:00,000 ~-~-> 02:03:01,710
10747		-We're paying attention to them. And the
10748		-
10749		-2688
10750		-02:03:01,710 ~-~-> 02:03:03,090
10751		-only reason why we pay attention to them
10752		-
10753		-2689
10754		-02:03:03,330 ~-~-> 02:03:04,740
10755		-is because they work on the left side of
10756		-
10757		-2690
10758		-02:03:04,740 ~-~-> 02:03:07,740
10759		-the chart. We can see it did it the last
10760		-
10761		-2691
10762		-02:03:07,740 ~-~-> 02:03:09,180
10763		-time, right? So it's going to do it
10764		-
10765		-2692
10766		-02:03:09,180 ~-~-> 02:03:11,700
10767		-again. But nobody understands the
10768		-
10769		-2693
10770		-02:03:12,330 ~-~-> 02:03:15,270
10771		-reasons behind why diverged, okay, and
10772		-
10773		-2694
10774		-02:03:15,270 ~-~-> 02:03:17,490
10775		-it's based on the higher timeframe
10776		-
10777		-2695
10778		-02:03:17,550 ~-~-> 02:03:19,410
10779		-resistance level, and the fact that the
10780		-
10781		-2696
10782		-02:03:19,470 ~-~-> 02:03:21,960
10783		-dealers, market makers are taking price
10784		-
10785		-2697
10786		-02:03:21,960 ~-~-> 02:03:24,270
10787		-up there in a stab that price level over
10788		-
10789		-2698
10790		-02:03:24,270 ~-~-> 02:03:26,790
10791		-and over and over again, to distribute
10792		-
10793		-2699
10794		-02:03:27,060 ~-~-> 02:03:29,160
10795		-the orders that were accumulated here.
10796		-
10797		-2700
10798		-02:03:29,730 ~-~-> 02:03:31,710
10799		-Okay, so they're buying it all up in
10800		-
10801		-2701
10802		-02:03:31,710 ~-~-> 02:03:33,630
10803		-here. Okay, they're distributing a
10804		-
10805		-2702
10806		-02:03:33,630 ~-~-> 02:03:35,700
10807		-little bit here. They're distributing a
10808		-
10809		-2703
10810		-02:03:35,700 ~-~-> 02:03:37,590
10811		-whole lot of it here to dumping it.
10812		-
10813		-2704
10814		-02:03:37,950 ~-~-> 02:03:39,270
10815		-Okay. And then when the market pulls
10816		-
10817		-2705
10818		-02:03:39,270 ~-~-> 02:03:41,970
10819		-back, a lot of traders view this area as
10820		-
10821		-2706
10822		-02:03:42,090 ~-~-> 02:03:43,650
10823		-another continuation pattern much in the
10824		-
10825		-2707
10826		-02:03:43,650 ~-~-> 02:03:45,630
10827		-same way it does here. Okay, well, maybe
10828		-
10829		-2708
10830		-02:03:45,630 ~-~-> 02:03:48,000
10831		-this is a bull flag, okay. And what
10832		-
10833		-2709
10834		-02:03:48,000 ~-~-> 02:03:49,170
10835		-they'll do is they'll buy it with the
10836		-
10837		-2710
10838		-02:03:49,170 ~-~-> 02:03:50,550
10839		-expectation is going to continue moving
10840		-
10841		-2711
10842		-02:03:50,550 ~-~-> 02:03:52,530
10843		-on higher. What will happen is they'll
10844		-
10845		-2712
10846		-02:03:52,530 ~-~-> 02:03:54,810
10847		-have buy orders, you know, in the small
10848		-
10849		-2713
10850		-02:03:54,810 ~-~-> 02:03:56,550
10851		-little areas of dealing ranges that
10852		-
10853		-2714
10854		-02:03:56,550 ~-~-> 02:03:58,620
10855		-we're going to discuss later on. And
10856		-
10857		-2715
10858		-02:03:58,650 ~-~-> 02:04:00,000
10859		-what will happen is they'll pair orders
10860		-
10861		-2716
10862		-02:04:00,000 ~-~-> 02:04:04,050
10863		-up and stack up all kinds of shorting
10864		-
10865		-2717
10866		-02:04:04,590 ~-~-> 02:04:06,540
10867		-opportunities, and they'll distribute
10868		-
10869		-2718
10870		-02:04:06,540 ~-~-> 02:04:08,280
10871		-the market very heavily, and will happen
10872		-
10873		-2719
10874		-02:04:08,280 ~-~-> 02:04:10,860
10875		-is once they get a block of trades on
10876		-
10877		-2720
10878		-02:04:10,860 ~-~-> 02:04:12,300
10879		-the other side of their position,
10880		-
10881		-2721
10882		-02:04:12,330 ~-~-> 02:04:15,480
10883		-essentially, they will do a real quick
10884		-
10885		-2722
10886		-02:04:15,480 ~-~-> 02:04:18,180
10887		-repricing and it'll trap traders and
10888		-
10889		-2723
10890		-02:04:18,180 ~-~-> 02:04:19,230
10891		-what will happen is, is that you've,
10892		-
10893		-2724
10894		-02:04:19,260 ~-~-> 02:04:20,520
10895		-you've done this before, you know
10896		-
10897		-2725
10898		-02:04:20,520 ~-~-> 02:04:21,600
10899		-exactly what I'm talking about even
10900		-
10901		-2726
10902		-02:04:21,600 ~-~-> 02:04:24,810
10903		-those guys in demos. You put a trade on,
10904		-
10905		-2727
10906		-02:04:25,290 ~-~-> 02:04:26,670
10907		-okay, maybe you bought it up in here or
10908		-
10909		-2728
10910		-02:04:26,670 ~-~-> 02:04:28,560
10911		-something like that. Okay. And the
10912		-
10913		-2729
10914		-02:04:28,560 ~-~-> 02:04:30,570
10915		-market drops down hard, okay. And you're
10916		-
10917		-2730
10918		-02:04:30,570 ~-~-> 02:04:32,010
10919		-thinking, Okay, well, maybe it's just
10920		-
10921		-2731
10922		-02:04:32,160 ~-~-> 02:04:33,480
10923		-gonna come down here and retest some
10924		-
10925		-2732
10926		-02:04:34,080 ~-~-> 02:04:36,480
10927		-resistance, turn support, and then
10928		-
10929		-2733
10930		-02:04:36,480 ~-~-> 02:04:38,580
10931		-resume. Can you start seeing this little
10932		-
10933		-2734
10934		-02:04:38,910 ~-~-> 02:04:40,590
10935		-pop up here and you get excited? Okay,
10936		-
10937		-2735
10938		-02:04:40,590 ~-~-> 02:04:41,760
10939		-I'm getting to go back to break even.
10940		-
10941		-2736
10942		-02:04:42,480 ~-~-> 02:04:44,760
10943		-But the dealers know that. Okay, the
10944		-
10945		-2737
10946		-02:04:44,760 ~-~-> 02:04:46,620
10947		-market makers already have these folks
10948		-
10949		-2738
10950		-02:04:46,620 ~-~-> 02:04:48,450
10951		-trapped, and if you went on there and
10952		-
10953		-2739
10954		-02:04:48,450 ~-~-> 02:04:50,100
10955		-you bought your trap just like they are,
10956		-
10957		-2740
10958		-02:04:50,550 ~-~-> 02:04:51,510
10959		-they don't want to give you an
10960		-
10961		-2741
10962		-02:04:51,510 ~-~-> 02:04:53,340
10963		-opportunity to get out of that trade.
10964		-
10965		-2742
10966		-02:04:53,490 ~-~-> 02:04:55,590
10967		-Okay? They're going to keep you on a
10968		-
10969		-2743
10970		-02:04:55,590 ~-~-> 02:04:57,930
10971		-negative float. Okay, you're going to be
10972		-
10973		-2744
10974		-02:04:57,930 ~-~-> 02:05:00,930
10975		-below the dealership. Right. Okay and
10976		-
10977		-2745
10978		-02:05:00,930 ~-~-> 02:05:03,570
10979		-maybe even pips you in negative beyond
10980		-
10981		-2746
10982		-02:05:03,570 ~-~-> 02:05:05,460
10983		-that. Okay. And what will happen is
10984		-
10985		-2747
10986		-02:05:05,460 ~-~-> 02:05:06,870
10987		-they'll do another repricing and now
10988		-
10989		-2748
10990		-02:05:06,870 ~-~-> 02:05:07,830
10991		-here's what you're going to do is okay,
10992		-
10993		-2749
10994		-02:05:07,830 ~-~-> 02:05:09,180
10995		-well, we're just retesting this whole
10996		-
10997		-2750
10998		-02:05:09,180 ~-~-> 02:05:11,310
10999		-area in here again, and we're gonna find
11000		-
11001		-2751
11002		-02:05:11,310 ~-~-> 02:05:12,840
11003		-some support, but it blows through it.
11004		-
11005		-2752
11006		-02:05:13,380 ~-~-> 02:05:16,350
11007		-Okay. The dealers will go into another
11008		-
11009		-2753
11010		-02:05:16,350 ~-~-> 02:05:17,880
11011		-consolidation thinking, Okay, well, I
11012		-
11013		-2754
11014		-02:05:17,880 ~-~-> 02:05:19,680
11015		-know what this is. This is one of those
11016		-
11017		-2755
11018		-02:05:19,680 ~-~-> 02:05:21,360
11019		-retracements where from the low up to
11020		-
11021		-2756
11022		-02:05:21,360 ~-~-> 02:05:23,580
11023		-this high, we got one of those ICT
11024		-
11025		-2757
11026		-02:05:23,580 ~-~-> 02:05:27,480
11027		-optimal trade entries. Nope, not here.
11028		-
11029		-2758
11030		-02:05:27,600 ~-~-> 02:05:28,980
11031		-What will happen is, is there though,
11032		-
11033		-2759
11034		-02:05:29,040 ~-~-> 02:05:30,750
11035		-one more time, they'll run it got lower,
11036		-
11037		-2760
11038		-02:05:30,750 ~-~-> 02:05:31,950
11039		-and they'll take out the stops that are
11040		-
11041		-2761
11042		-02:05:31,950 ~-~-> 02:05:33,900
11043		-placed on the folks that were right,
11044		-
11045		-2762
11046		-02:05:33,930 ~-~-> 02:05:35,610
11047		-that bought this rally here and just
11048		-
11049		-2763
11050		-02:05:35,610 ~-~-> 02:05:37,980
11051		-held on for too long. Okay, so there is
11052		-
11053		-2764
11054		-02:05:37,980 ~-~-> 02:05:40,560
11055		-an accumulation, some distribution here
11056		-
11057		-2765
11058		-02:05:40,560 ~-~-> 02:05:44,100
11059		-or re cumulation for new Long's. Okay,
11060		-
11061		-2766
11062		-02:05:44,100 ~-~-> 02:05:45,060
11063		-and then when they get up here, they
11064		-
11065		-2767
11066		-02:05:45,060 ~-~-> 02:05:47,310
11067		-distribute all of this in here, but they
11068		-
11069		-2768
11070		-02:05:47,310 ~-~-> 02:05:48,990
11071		-do it very quickly. That's why when you
11072		-
11073		-2769
11074		-02:05:48,990 ~-~-> 02:05:50,940
11075		-get up to these levels, price doesn't
11076		-
11077		-2770
11078		-02:05:50,940 ~-~-> 02:05:52,740
11079		-stay up there very long. Why? Because
11080		-
11081		-2771
11082		-02:05:52,740 ~-~-> 02:05:54,780
11083		-they're doing a massive distribution.
11084		-
11085		-2772
11086		-02:05:55,260 ~-~-> 02:05:56,940
11087		-And you see the price really drop off
11088		-
11089		-2773
11090		-02:05:56,940 ~-~-> 02:05:59,010
11091		-fast, but when it drops off, it'll do
11092		-
11093		-2774
11094		-02:05:59,040 ~-~-> 02:06:00,600
11095		-give you a little bit of consulting One
11096		-
11097		-2775
11098		-02:06:00,600 ~-~-> 02:06:02,100
11099		-more rally up when it gets on the other
11100		-
11101		-2776
11102		-02:06:02,100 ~-~-> 02:06:05,100
11103		-side of that, that zenith of this price
11104		-
11105		-2777
11106		-02:06:05,100 ~-~-> 02:06:08,070
11107		-move. When we get to this start rallying
11108		-
11109		-2778
11110		-02:06:08,070 ~-~-> 02:06:09,930
11111		-up, this is where you start selling,
11112		-
11113		-2779
11114		-02:06:10,050 ~-~-> 02:06:11,670
11115		-okay? And when you can identify this
11116		-
11117		-2780
11118		-02:06:11,670 ~-~-> 02:06:13,650
11119		-pattern, it makes your trading a whole
11120		-
11121		-2781
11122		-02:06:13,650 ~-~-> 02:06:15,120
11123		-lot easier because you understand what
11124		-
11125		-2782
11126		-02:06:15,120 ~-~-> 02:06:16,650
11127		-they're doing and where they're taking
11128		-
11129		-2783
11130		-02:06:16,650 ~-~-> 02:06:17,130
11131		-price.
11132		-
11133		-2784
11134		-02:06:25,470 ~-~-> 02:06:27,630
11135		-Okay, guys, we got some key levels here
11136		-
11137		-2785
11138		-02:06:27,630 ~-~-> 02:06:30,240
11139		-noted on our timeframe of a daily chart.
11140		-
11141		-2786
11142		-02:06:30,930 ~-~-> 02:06:32,580
11143		-And we're gonna give some examples of
11144		-
11145		-2787
11146		-02:06:32,610 ~-~-> 02:06:34,200
11147		-what is a market maker profile. I'm
11148		-
11149		-2788
11150		-02:06:34,200 ~-~-> 02:06:36,540
11151		-gonna give you a by example, and some
11152		-
11153		-2789
11154		-02:06:36,570 ~-~-> 02:06:40,440
11155		-sell examples. And we utilize them as
11156		-
11157		-2790
11158		-02:06:40,440 ~-~-> 02:06:42,540
11159		-obviously you have a higher time frame
11160		-
11161		-2791
11162		-02:06:42,720 ~-~-> 02:06:44,100
11163		-support resistance level, but they can
11164		-
11165		-2792
11166		-02:06:44,100 ~-~-> 02:06:46,530
11167		-occur on any timeframe, but the more apt
11168		-
11169		-2793
11170		-02:06:46,530 ~-~-> 02:06:50,040
11171		-to occur on a daily four hour and or
11172		-
11173		-2794
11174		-02:06:50,100 ~-~-> 02:06:53,310
11175		-hourly timeframe. And then if you have a
11176		-
11177		-2795
11178		-02:06:53,400 ~-~-> 02:06:54,810
11179		-understanding of what their directional
11180		-
11181		-2796
11182		-02:06:54,810 ~-~-> 02:06:57,180
11183		-premises want to lower timeframes, you
11184		-
11185		-2797
11186		-02:06:57,180 ~-~-> 02:07:00,330
11187		-can use them on one 515 minutes. 30
11188		-
11189		-2798
11190		-02:07:00,330 ~-~-> 02:07:02,940
11191		-minutes and hourly charts and such. But
11192		-
11193		-2799
11194		-02:07:02,970 ~-~-> 02:07:04,080
11195		-for now, we're just going to give you
11196		-
11197		-2800
11198		-02:07:04,080 ~-~-> 02:07:06,420
11199		-examples on firing off of a daily
11200		-
11201		-2801
11202		-02:07:06,420 ~-~-> 02:07:10,830
11203		-timeframe. See price trades down into
11204		-
11205		-2802
11206		-02:07:10,830 ~-~-> 02:07:13,560
11207		-this level here is old support. And all
11208		-
11209		-2803
11210		-02:07:13,560 ~-~-> 02:07:16,590
11211		-we did was round it to a 127 60 level,
11212		-
11213		-2804
11214		-02:07:16,620 ~-~-> 02:07:18,330
11215		-we just calibrated the level to a round
11216		-
11217		-2805
11218		-02:07:18,360 ~-~-> 02:07:20,820
11219		-number. We're gonna look at this area
11220		-
11221		-2806
11222		-02:07:20,820 ~-~-> 02:07:23,880
11223		-here for a buying market profile for
11224		-
11225		-2807
11226		-02:07:23,910 ~-~-> 02:07:26,340
11227		-market maker profile. And then we have
11228		-
11229		-2808
11230		-02:07:26,340 ~-~-> 02:07:28,650
11231		-one in here trading into this resistance
11232		-
11233		-2809
11234		-02:07:28,650 ~-~-> 02:07:31,140
11235		-level. Okay, and then we're going to go
11236		-
11237		-2810
11238		-02:07:31,140 ~-~-> 02:07:34,260
11239		-and look at the sell scenario. We call
11240		-
11241		-2811
11242		-02:07:34,260 ~-~-> 02:07:36,810
11243		-it in the last video and how it was a
11244		-
11245		-2812
11246		-02:07:36,840 ~-~-> 02:07:39,900
11247		-market maker sell model. Okay, so we're
11248		-
11249		-2813
11250		-02:07:39,900 ~-~-> 02:07:41,190
11251		-going to do is we're going to look at
11252		-
11253		-2814
11254		-02:07:41,190 ~-~-> 02:07:44,970
11255		-this particular day, and the actual
11256		-
11257		-2815
11258		-02:07:44,970 ~-~-> 02:07:52,290
11259		-candle comes in at July 9 2013. And
11260		-
11261		-2816
11262		-02:07:52,290 ~-~-> 02:07:53,430
11263		-we're going to start with an hourly
11264		-
11265		-2817
11266		-02:07:53,430 ~-~-> 02:07:58,020
11267		-perspective on it. Okay, and all I did
11268		-
11269		-2818
11270		-02:07:58,020 ~-~-> 02:08:00,660
11271		-was use this to highlight the time Okay
11272		-
11273		-2819
11274		-02:08:00,660 ~-~-> 02:08:01,380
11275		-we have
11276		-
11277		-2820
11278		-02:08:07,830 ~-~-> 02:08:15,630
11279		-okay marketing, consolidation okay we
11280		-
11281		-2821
11282		-02:08:15,630 ~-~-> 02:08:20,190
11283		-have a consolidation here, market breaks
11284		-
11285		-2822
11286		-02:08:20,220 ~-~-> 02:08:22,140
11287		-out of consolidation and retest that
11288		-
11289		-2823
11290		-02:08:22,140 ~-~-> 02:08:24,960
11291		-same consolidation here trades lower
11292		-
11293		-2824
11294		-02:08:25,530 ~-~-> 02:08:27,840
11295		-okay and there's a couple minor little
11296		-
11297		-2825
11298		-02:08:27,840 ~-~-> 02:08:30,030
11299		-retracement to get in sync with that
11300		-
11301		-2826
11302		-02:08:30,030 ~-~-> 02:08:33,420
11303		-move lower, making the actual low here
11304		-
11305		-2827
11306		-02:08:33,840 ~-~-> 02:08:36,540
11307		-and then the false swing lower. This is
11308		-
11309		-2828
11310		-02:08:36,540 ~-~-> 02:08:40,590
11311		-the actual high I'm sorry, the actual
11312		-
11313		-2829
11314		-02:08:40,590 ~-~-> 02:08:45,570
11315		-low point of the market maker sell model
11316		-
11317		-2830
11318		-02:08:46,230 ~-~-> 02:08:48,960
11319		-in here. Okay, and then price rallies
11320		-
11321		-2831
11322		-02:08:48,960 ~-~-> 02:08:53,310
11323		-through, takes out this high here and
11324		-
11325		-2832
11326		-02:08:53,310 ~-~-> 02:08:55,890
11327		-very little pausing it all in here just
11328		-
11329		-2833
11330		-02:08:55,890 ~-~-> 02:08:59,580
11331		-explodes and where's it explode to above
11332		-
11333		-2834
11334		-02:08:59,610 ~-~-> 02:09:03,090
11335		-the console? In here, okay. So again,
11336		-
11337		-2835
11338		-02:09:03,090 ~-~-> 02:09:06,390
11339		-the same price model, here in this
11340		-
11341		-2836
11342		-02:09:06,390 ~-~-> 02:09:09,690
11343		-fractal pattern is seen on a hourly
11344		-
11345		-2837
11346		-02:09:09,690 ~-~-> 02:09:13,680
11347		-basis. You can see ultimately, it comes
11348		-
11349		-2838
11350		-02:09:13,680 ~-~-> 02:09:16,920
11351		-back and trades even further. If we go
11352		-
11353		-2839
11354		-02:09:16,920 ~-~-> 02:09:20,580
11355		-and look at a daily chart again and
11356		-
11357		-2840
11358		-02:09:20,580 ~-~-> 02:09:22,770
11359		-we're going to look at this example here
11360		-
11361		-2841
11362		-02:09:23,250 ~-~-> 02:09:29,070
11363		-for a sell. Okay, right in here, and I'm
11364		-
11365		-2842
11366		-02:09:29,070 ~-~-> 02:09:32,040
11367		-going to zoom in so you can see this
11368		-
11369		-2843
11370		-02:09:32,040 ~-~-> 02:09:36,480
11371		-candle right there. Okay, the levels of
11372		-
11373		-2844
11374		-02:09:36,510 ~-~-> 02:09:38,400
11375		-key support resistance on a higher
11376		-
11377		-2845
11378		-02:09:38,400 ~-~-> 02:09:40,620
11379		-timeframe would be noted in advance as
11380		-
11381		-2846
11382		-02:09:40,620 ~-~-> 02:09:42,180
11383		-as price trades up into it, we would
11384		-
11385		-2847
11386		-02:09:42,180 ~-~-> 02:09:44,100
11387		-expect to see market makers so model
11388		-
11389		-2848
11390		-02:09:44,100 ~-~-> 02:09:47,070
11391		-unfold. And let's go down to a 15
11392		-
11393		-2849
11394		-02:09:47,070 ~-~-> 02:09:47,400
11395		-minute.
11396		-
11397		-2850
11398		-02:09:53,460 ~-~-> 02:09:55,680
11399		-Okay, you see that happening here and
11400		-
11401		-2851
11402		-02:09:55,680 ~-~-> 02:09:57,210
11403		-let's actually go down to a five minute
11404		-
11405		-2852
11406		-02:09:58,110 ~-~-> 02:10:02,040
11407		-see a little bit better. And just take
11408		-
11409		-2853
11410		-02:10:02,040 ~-~-> 02:10:03,600
11411		-this rectangle off because it's no
11412		-
11413		-2854
11414		-02:10:03,600 ~-~-> 02:10:10,230
11415		-longer needed. Okay, we have the
11416		-
11417		-2855
11418		-02:10:10,230 ~-~-> 02:10:15,030
11419		-consolidation, move out of the
11420		-
11421		-2856
11422		-02:10:15,030 ~-~-> 02:10:17,160
11423		-consolidation and then retest. Now this
11424		-
11425		-2857
11426		-02:10:17,160 ~-~-> 02:10:20,070
11427		-part does not have to happen. Okay. But
11428		-
11429		-2858
11430		-02:10:20,070 ~-~-> 02:10:21,870
11431		-generally you'll see it happen. And then
11432		-
11433		-2859
11434		-02:10:21,870 ~-~-> 02:10:24,030
11435		-there's a continuation moving up, makes
11436		-
11437		-2860
11438		-02:10:24,030 ~-~-> 02:10:29,130
11439		-the high or the capitulation portion of
11440		-
11441		-2861
11442		-02:10:29,130 ~-~-> 02:10:32,130
11443		-the buy model. Now it turns to the sell
11444		-
11445		-2862
11446		-02:10:32,130 ~-~-> 02:10:35,190
11447		-side of it. Okay, so we are now in a
11448		-
11449		-2863
11450		-02:10:35,190 ~-~-> 02:10:38,310
11451		-market maker, sell model profile. And we
11452		-
11453		-2864
11454		-02:10:38,310 ~-~-> 02:10:40,440
11455		-would expect to see this consolidation
11456		-
11457		-2865
11458		-02:10:40,470 ~-~-> 02:10:43,590
11459		-ran out, as you see here, market moves
11460		-
11461		-2866
11462		-02:10:43,590 ~-~-> 02:10:45,510
11463		-down, consolidation on here, another
11464		-
11465		-2867
11466		-02:10:45,510 ~-~-> 02:10:48,270
11467		-break lower, where's it trade to below
11468		-
11469		-2868
11470		-02:10:48,720 ~-~-> 02:10:50,400
11471		-the consolidation where cumulated
11472		-
11473		-2869
11474		-02:10:50,400 ~-~-> 02:10:54,240
11475		-positions were taken on? And you can see
11476		-
11477		-2870
11478		-02:10:54,240 ~-~-> 02:10:56,970
11479		-ultimately, that's the price model right
11480		-
11481		-2871
11482		-02:10:56,970 ~-~-> 02:10:59,970
11483		-there. Okay, and it's go back out to it.
11484		-
11485		-2872
11486		-02:11:02,070 ~-~-> 02:11:05,760
11487		-Okay, we're going to look at the 134 30
11488		-
11489		-2873
11490		-02:11:05,760 ~-~-> 02:11:08,520
11491		-level. Okay, see this high here, the
11492		-
11493		-2874
11494		-02:11:08,520 ~-~-> 02:11:10,050
11495		-lows in here and the bodies that have
11496		-
11497		-2875
11498		-02:11:10,050 ~-~-> 02:11:13,380
11499		-candles as well. So we have 134 30 small
11500		-
11501		-2876
11502		-02:11:13,380 ~-~-> 02:11:16,110
11503		-round number. It's just above this high
11504		-
11505		-2877
11506		-02:11:16,110 ~-~-> 02:11:20,130
11507		-as well. And we're going to zoom in and
11508		-
11509		-2878
11510		-02:11:20,130 ~-~-> 02:11:25,740
11511		-look at this profile right here and as
11512		-
11513		-2879
11514		-02:11:25,740 ~-~-> 02:11:27,840
11515		-price moves up into these levels, we
11516		-
11517		-2880
11518		-02:11:27,840 ~-~-> 02:11:29,220
11519		-would reasonably expect to see a market
11520		-
11521		-2881
11522		-02:11:29,220 ~-~-> 02:11:31,620
11523		-maker sell model. We're going to into an
11524		-
11525		-2882
11526		-02:11:31,830 ~-~-> 02:11:39,120
11527		-hourly timeframe. You Yeah, and we're
11528		-
11529		-2883
11530		-02:11:39,120 ~-~-> 02:11:42,330
11531		-going to zoom out. Okay, we can see the
11532		-
11533		-2884
11534		-02:11:42,330 ~-~-> 02:11:44,640
11535		-consolidation. Let's take these vertical
11536		-
11537		-2885
11538		-02:11:44,640 ~-~-> 02:11:48,090
11539		-lines off cleaned up a little bit. You
11540		-
11541		-2886
11542		-02:11:48,090 ~-~-> 02:11:51,840
11543		-can see the consolidation in here.
11544		-
11545		-2887
11546		-02:11:55,020 ~-~-> 02:11:57,780
11547		-consolidated, moved out came back
11548		-
11549		-2888
11550		-02:11:57,870 ~-~-> 02:12:00,990
11551		-retested the consolidation moved on up,
11552		-
11553		-2889
11554		-02:12:02,190 ~-~-> 02:12:06,570
11555		-false rally higher, breaks down, rallies
11556		-
11557		-2890
11558		-02:12:06,570 ~-~-> 02:12:11,520
11559		-on again on the other side. And again,
11560		-
11561		-2891
11562		-02:12:11,520 ~-~-> 02:12:16,170
11563		-this is sell model. So again, this is
11564		-
11565		-2892
11566		-02:12:16,170 ~-~-> 02:12:18,540
11567		-the sell model. So you're gonna see
11568		-
11569		-2893
11570		-02:12:26,340 ~-~-> 02:12:28,470
11571		-price run out this consolidation on the
11572		-
11573		-2894
11574		-02:12:28,470 ~-~-> 02:12:30,750
11575		-line and you see that happen there.
11576		-
11577		-2895
11578		-02:12:31,410 ~-~-> 02:12:34,710
11579		-Okay, so that's the market maker sell
11580		-
11581		-2896
11582		-02:12:34,710 ~-~-> 02:12:36,750
11583		-model. And again, we call this market
11584		-
11585		-2897
11586		-02:12:36,750 ~-~-> 02:12:39,060
11587		-lower here before the actual move
11588		-
11589		-2898
11590		-02:12:39,060 ~-~-> 02:12:42,540
11591		-ensued, given some further credibility
11592		-
11593		-2899
11594		-02:12:42,540 ~-~-> 02:12:44,370
11595		-to the analysis concepts and it's not
11596		-
11597		-2900
11598		-02:12:44,370 ~-~-> 02:12:45,390
11599		-always hindsight here.
11600		-
11601		-2901
11602		-02:12:51,630 ~-~-> 02:12:55,140
11603		-Alright, let's talk about market orders
11604		-
11605		-2902
11606		-02:12:55,620 ~-~-> 02:12:59,250
11607		-and how dealers work within the
11608		-
11609		-2903
11610		-02:12:59,250 ~-~-> 02:13:03,360
11611		-marketplace. how they perceive traders,
11612		-
11613		-2904
11614		-02:13:03,390 ~-~-> 02:13:05,790
11615		-psychology and how you can pretty much
11616		-
11617		-2905
11618		-02:13:05,790 ~-~-> 02:13:07,410
11619		-get close to what they're doing without
11620		-
11621		-2906
11622		-02:13:07,410 ~-~-> 02:13:09,750
11623		-even seeing the order books. Alright,
11624		-
11625		-2907
11626		-02:13:09,750 ~-~-> 02:13:12,030
11627		-we're looking at a conceptual idea of
11628		-
11629		-2908
11630		-02:13:12,030 ~-~-> 02:13:14,160
11631		-what market prices right now. And we're
11632		-
11633		-2909
11634		-02:13:14,160 ~-~-> 02:13:15,210
11635		-not going to have a chart we're just
11636		-
11637		-2910
11638		-02:13:15,210 ~-~-> 02:13:17,400
11639		-going to conceptually talk about the
11640		-
11641		-2911
11642		-02:13:17,400 ~-~-> 02:13:20,070
11643		-generic principles associated with how
11644		-
11645		-2912
11646		-02:13:20,100 ~-~-> 02:13:24,810
11647		-reading the market. Alright, let's
11648		-
11649		-2913
11650		-02:13:24,810 ~-~-> 02:13:26,310
11651		-assume for a moment, the market price
11652		-
11653		-2914
11654		-02:13:26,310 ~-~-> 02:13:28,440
11655		-moves up to what we considered a key
11656		-
11657		-2915
11658		-02:13:28,470 ~-~-> 02:13:31,200
11659		-level, okay? Or could be moving down to
11660		-
11661		-2916
11662		-02:13:31,200 ~-~-> 02:13:32,520
11663		-a key level doesn't matter. But we're
11664		-
11665		-2917
11666		-02:13:32,520 ~-~-> 02:13:34,560
11667		-saying for the moment right now, we are
11668		-
11669		-2918
11670		-02:13:34,560 ~-~-> 02:13:37,440
11671		-trading at a highly sensitive price
11672		-
11673		-2919
11674		-02:13:37,440 ~-~-> 02:13:40,950
11675		-point that reacted. Most recently, or
11676		-
11677		-2920
11678		-02:13:40,950 ~-~-> 02:13:43,020
11679		-maybe a couple weeks ago, there was a
11680		-
11681		-2921
11682		-02:13:43,020 ~-~-> 02:13:44,760
11683		-significant reaction that same price
11684		-
11685		-2922
11686		-02:13:44,760 ~-~-> 02:13:47,580
11687		-level. So now market moves, whether it
11688		-
11689		-2923
11690		-02:13:47,580 ~-~-> 02:13:49,290
11691		-be up or down, we now have a market
11692		-
11693		-2924
11694		-02:13:49,290 ~-~-> 02:13:51,000
11695		-price that's equal to or very close to
11696		-
11697		-2925
11698		-02:13:51,000 ~-~-> 02:13:53,370
11699		-that key level. The question comes to
11700		-
11701		-2926
11702		-02:13:53,370 ~-~-> 02:13:55,770
11703		-mind is where do we go from here? Do we
11704		-
11705		-2927
11706		-02:13:55,770 ~-~-> 02:13:59,250
11707		-move higher? Or do we move lower when
11708		-
11709		-2928
11710		-02:13:59,250 ~-~-> 02:14:00,720
11711		-you're watching What you're going to be
11712		-
11713		-2929
11714		-02:14:00,720 ~-~-> 02:14:03,390
11715		-looking for are clues. Okay? There's
11716		-
11717		-2930
11718		-02:14:03,390 ~-~-> 02:14:06,360
11719		-going to be a fingerprint, if you will,
11720		-
11721		-2931
11722		-02:14:06,660 ~-~-> 02:14:10,020
11723		-of what may be unfolding. And generally
11724		-
11725		-2932
11726		-02:14:10,020 ~-~-> 02:14:13,170
11727		-what happens is above the market price,
11728		-
11729		-2933
11730		-02:14:13,290 ~-~-> 02:14:16,560
11731		-okay? There are protective buy stops on
11732		-
11733		-2934
11734		-02:14:16,560 ~-~-> 02:14:19,260
11735		-those that have maybe put on net short
11736		-
11737		-2935
11738		-02:14:19,260 ~-~-> 02:14:22,890
11739		-positions. And many times simply above
11740		-
11741		-2936
11742		-02:14:22,890 ~-~-> 02:14:24,630
11743		-that slow bit more, there's going to be
11744		-
11745		-2937
11746		-02:14:24,630 ~-~-> 02:14:26,670
11747		-pending sell limit orders for those that
11748		-
11749		-2938
11750		-02:14:26,670 ~-~-> 02:14:29,490
11751		-have been possibly being long. Okay,
11752		-
11753		-2939
11754		-02:14:29,610 ~-~-> 02:14:31,200
11755		-number two, we have net long traders in
11756		-
11757		-2940
11758		-02:14:31,200 ~-~-> 02:14:32,640
11759		-the market. And we have net short
11760		-
11761		-2941
11762		-02:14:32,640 ~-~-> 02:14:35,190
11763		-traders in the market. The net trader,
11764		-
11765		-2942
11766		-02:14:36,030 ~-~-> 02:14:38,760
11767		-on the short side, want to protect your
11768		-
11769		-2943
11770		-02:14:38,760 ~-~-> 02:14:40,350
11771		-position, so they're going to have their
11772		-
11773		-2944
11774		-02:14:40,350 ~-~-> 02:14:43,140
11775		-protective buy stops somewhere above the
11776		-
11777		-2945
11778		-02:14:43,140 ~-~-> 02:14:46,440
11779		-market price. And again, the premise is,
11780		-
11781		-2946
11782		-02:14:46,440 ~-~-> 02:14:48,180
11783		-is this market price is now trading at a
11784		-
11785		-2947
11786		-02:14:48,180 ~-~-> 02:14:51,360
11787		-key level. Okay. And because traders
11788		-
11789		-2948
11790		-02:14:51,360 ~-~-> 02:14:54,870
11791		-always have a differing view, if even if
11792		-
11793		-2949
11794		-02:14:54,870 ~-~-> 02:14:58,950
11795		-the marketplace is a implied support
11796		-
11797		-2950
11798		-02:14:58,950 ~-~-> 02:15:03,570
11799		-level folks may be really looking to
11800		-
11801		-2951
11802		-02:15:04,170 ~-~-> 02:15:06,090
11803		-sell short. Okay, and we're going to
11804		-
11805		-2952
11806		-02:15:06,090 ~-~-> 02:15:08,220
11807		-talk about that in a moment. But for
11808		-
11809		-2953
11810		-02:15:08,220 ~-~-> 02:15:10,740
11811		-those that have saw this level as a
11812		-
11813		-2954
11814		-02:15:10,740 ~-~-> 02:15:13,590
11815		-potential support zone, and they want to
11816		-
11817		-2955
11818		-02:15:13,590 ~-~-> 02:15:15,690
11819		-be expecting some kind of a bounce up,
11820		-
11821		-2956
11822		-02:15:16,140 ~-~-> 02:15:18,090
11823		-they would have pending sell limit
11824		-
11825		-2957
11826		-02:15:18,090 ~-~-> 02:15:19,800
11827		-orders to exit some of their position
11828		-
11829		-2958
11830		-02:15:19,800 ~-~-> 02:15:23,010
11831		-and or all of it to for profit. And then
11832		-
11833		-2959
11834		-02:15:23,010 ~-~-> 02:15:25,980
11835		-obviously, folks that expect to see it
11836		-
11837		-2960
11838		-02:15:26,220 ~-~-> 02:15:28,290
11839		-go up only if it proves a little bit
11840		-
11841		-2961
11842		-02:15:28,290 ~-~-> 02:15:30,450
11843		-more that it's going to move upwards.
11844		-
11845		-2962
11846		-02:15:30,720 ~-~-> 02:15:33,900
11847		-They'll have a new long buy, stop. Okay,
11848		-
11849		-2963
11850		-02:15:33,900 ~-~-> 02:15:35,160
11851		-so in other words, we have three types
11852		-
11853		-2964
11854		-02:15:35,160 ~-~-> 02:15:37,950
11855		-of orders. that exists generally above
11856		-
11857		-2965
11858		-02:15:38,040 ~-~-> 02:15:39,930
11859		-current market price, that being
11860		-
11861		-2966
11862		-02:15:40,020 ~-~-> 02:15:42,150
11863		-pending, sell limit orders for those
11864		-
11865		-2967
11866		-02:15:42,150 ~-~-> 02:15:44,970
11867		-that are net long, protective buy stops
11868		-
11869		-2968
11870		-02:15:44,970 ~-~-> 02:15:48,330
11871		-on those that are net short, and new
11872		-
11873		-2969
11874		-02:15:48,360 ~-~-> 02:15:50,700
11875		-potential buy stops for those that want
11876		-
11877		-2970
11878		-02:15:50,700 ~-~-> 02:15:55,500
11879		-to enter on buying strength. On the
11880		-
11881		-2971
11882		-02:15:55,530 ~-~-> 02:15:57,630
11883		-converse side, obviously you have for
11884		-
11885		-2972
11886		-02:15:57,630 ~-~-> 02:16:00,810
11887		-those that are buying this At this
11888		-
11889		-2973
11890		-02:16:00,810 ~-~-> 02:16:02,460
11891		-particular price level, you have
11892		-
11893		-2974
11894		-02:16:02,460 ~-~-> 02:16:04,290
11895		-protective cell stops protecting what
11896		-
11897		-2975
11898		-02:16:04,320 ~-~-> 02:16:07,260
11899		-they believe there's a potential by
11900		-
11901		-2976
11902		-02:16:07,290 ~-~-> 02:16:10,740
11903		-scenario unfolding. Then you have stem
11904		-
11905		-2977
11906		-02:16:10,860 ~-~-> 02:16:12,480
11907		-cell stops that are resting below the
11908		-
11909		-2978
11910		-02:16:12,480 ~-~-> 02:16:15,780
11911		-market price for new short selling. So
11912		-
11913		-2979
11914		-02:16:15,780 ~-~-> 02:16:16,890
11915		-other words they want to sell on
11916		-
11917		-2980
11918		-02:16:16,890 ~-~-> 02:16:19,410
11919		-weakness. And below that, usually you'll
11920		-
11921		-2981
11922		-02:16:19,410 ~-~-> 02:16:23,100
11923		-have pending limit orders to be you
11924		-
11925		-2982
11926		-02:16:23,100 ~-~-> 02:16:26,730
11927		-tripped for covering short positions,
11928		-
11929		-2983
11930		-02:16:26,820 ~-~-> 02:16:28,260
11931		-okay? In other words, they're using that
11932		-
11933		-2984
11934		-02:16:28,440 ~-~-> 02:16:30,960
11935		-type of ordered exit on a profit target
11936		-
11937		-2985
11938		-02:16:30,960 ~-~-> 02:16:34,920
11939		-objective for short positions. The
11940		-
11941		-2986
11942		-02:16:34,920 ~-~-> 02:16:38,730
11943		-question is, where are we most likely
11944		-
11945		-2987
11946		-02:16:39,000 ~-~-> 02:16:43,080
11947		-building up orders, okay. And it's very
11948		-
11949		-2988
11950		-02:16:44,340 ~-~-> 02:16:45,780
11951		-tricky in the beginning because you have
11952		-
11953		-2989
11954		-02:16:45,780 ~-~-> 02:16:47,280
11955		-to spend some time looking at charts.
11956		-
11957		-2990
11958		-02:16:47,340 ~-~-> 02:16:48,870
11959		-Okay, this is going to come with time.
11960		-
11961		-2991
11962		-02:16:49,350 ~-~-> 02:16:51,360
11963		-And when you hear me talk about and a
11964		-
11965		-2992
11966		-02:16:51,360 ~-~-> 02:16:52,500
11967		-lot of times that you'll hear me in my
11968		-
11969		-2993
11970		-02:16:52,530 ~-~-> 02:16:54,420
11971		-market review videos, or sometimes in my
11972		-
11973		-2994
11974		-02:16:54,420 ~-~-> 02:16:58,770
11975		-teaching videos, many times I'll talk
11976		-
11977		-2995
11978		-02:16:59,490 ~-~-> 02:17:03,900
11979		-out loud Okay, my thought process isn't
11980		-
11981		-2996
11982		-02:17:03,900 ~-~-> 02:17:06,630
11983		-always meant for you to
11984		-
11985		-2997
11986		-02:17:07,890 ~-~-> 02:17:10,740
11987		-be taught what I'm always speaking.
11988		-
11989		-2998
11990		-02:17:10,920 ~-~-> 02:17:13,050
11991		-Okay? In other words, I may be thinking
11992		-
11993		-2999
11994		-02:17:13,050 ~-~-> 02:17:16,200
11995		-out loud about a phenomenon that may be
11996		-
11997		-3000
11998		-02:17:16,350 ~-~-> 02:17:19,020
11999		-unfolding at a particular level, okay?
12000		-
12001		-3001
12002		-02:17:19,410 ~-~-> 02:17:21,570
12003		-And I'm not really meaning to teach that
12004		-
12005		-3002
12006		-02:17:21,570 ~-~-> 02:17:23,040
12007		-to you, because it's something that
12008		-
12009		-3003
12010		-02:17:23,040 ~-~-> 02:17:24,960
12011		-you're going to have to drill over top
12012		-
12013		-3004
12014		-02:17:24,960 ~-~-> 02:17:27,300
12015		-of charts to learn on your own. Okay?
12016		-
12017		-3005
12018		-02:17:27,660 ~-~-> 02:17:29,850
12019		-And this is the part of the experience
12020		-
12021		-3006
12022		-02:17:29,850 ~-~-> 02:17:32,250
12023		-factor that comes into play, and why
12024		-
12025		-3007
12026		-02:17:32,250 ~-~-> 02:17:34,380
12027		-patience is so important, because if you
12028		-
12029		-3008
12030		-02:17:34,380 ~-~-> 02:17:36,270
12031		-don't have patience, you won't give
12032		-
12033		-3009
12034		-02:17:36,270 ~-~-> 02:17:37,920
12035		-yourself the time to develop this neck
12036		-
12037		-3010
12038		-02:17:37,920 ~-~-> 02:17:39,900
12039		-because that's exactly what this is. I
12040		-
12041		-3011
12042		-02:17:39,900 ~-~-> 02:17:42,420
12043		-don't have an order book. I don't have
12044		-
12045		-3012
12046		-02:17:42,750 ~-~-> 02:17:45,720
12047		-access to you know what these orders are
12048		-
12049		-3013
12050		-02:17:45,720 ~-~-> 02:17:47,010
12051		-outside of what everybody else has on a
12052		-
12053		-3014
12054		-02:17:47,010 ~-~-> 02:17:49,830
12055		-retail level. Okay. I can make phone
12056		-
12057		-3015
12058		-02:17:49,830 ~-~-> 02:17:51,990
12059		-calls and ask where orders are stacking
12060		-
12061		-3016
12062		-02:17:51,990 ~-~-> 02:17:54,150
12063		-up, but it's only really limited to a
12064		-
12065		-3017
12066		-02:17:54,150 ~-~-> 02:17:56,130
12067		-certain portion of the actual
12068		-
12069		-3018
12070		-02:17:56,130 ~-~-> 02:18:00,270
12071		-marketplace. So the psychology Behind
12072		-
12073		-3019
12074		-02:18:00,270 ~-~-> 02:18:02,730
12075		-price action is very readable. Okay? And
12076		-
12077		-3020
12078		-02:18:02,730 ~-~-> 02:18:05,820
12079		-it's by using these simple six types of
12080		-
12081		-3021
12082		-02:18:05,820 ~-~-> 02:18:09,000
12083		-orders around market price. Obviously,
12084		-
12085		-3022
12086		-02:18:09,000 ~-~-> 02:18:11,580
12087		-if prices moved up to a resistance
12088		-
12089		-3023
12090		-02:18:11,580 ~-~-> 02:18:14,910
12091		-level, okay, one would expect new
12092		-
12093		-3024
12094		-02:18:14,910 ~-~-> 02:18:16,380
12095		-sellers to come into place and then
12096		-
12097		-3025
12098		-02:18:16,380 ~-~-> 02:18:17,670
12099		-there'd be protective buy stops
12100		-
12101		-3026
12102		-02:18:17,700 ~-~-> 02:18:19,590
12103		-established, and those that have been
12104		-
12105		-3027
12106		-02:18:19,620 ~-~-> 02:18:21,210
12107		-net long, they want to be getting out of
12108		-
12109		-3028
12110		-02:18:21,210 ~-~-> 02:18:22,950
12111		-their position and they're greedy. They
12112		-
12113		-3029
12114		-02:18:22,950 ~-~-> 02:18:24,120
12115		-want to be trying to get that extra
12116		-
12117		-3030
12118		-02:18:24,120 ~-~-> 02:18:25,920
12119		-little bit of drops of lemon juice out
12120		-
12121		-3031
12122		-02:18:25,920 ~-~-> 02:18:27,090
12123		-of that limit, they want to squeeze it
12124		-
12125		-3032
12126		-02:18:27,090 ~-~-> 02:18:28,770
12127		-for all it's worth. So let's try to put
12128		-
12129		-3033
12130		-02:18:28,770 ~-~-> 02:18:32,580
12131		-their limit orders on the far side of
12132		-
12133		-3034
12134		-02:18:33,000 ~-~-> 02:18:34,740
12135		-the particular resistance level, okay,
12136		-
12137		-3035
12138		-02:18:34,740 ~-~-> 02:18:36,660
12139		-because it's greed, this market unlike
12140		-
12141		-3036
12142		-02:18:36,660 ~-~-> 02:18:38,490
12143		-anything else is a breeding ground for
12144		-
12145		-3037
12146		-02:18:38,490 ~-~-> 02:18:41,850
12147		-greed. And obviously, those that have
12148		-
12149		-3038
12150		-02:18:41,850 ~-~-> 02:18:43,560
12151		-been, you know, just introduced to the
12152		-
12153		-3039
12154		-02:18:43,560 ~-~-> 02:18:44,730
12155		-marketplace they've been seeing the
12156		-
12157		-3040
12158		-02:18:44,730 ~-~-> 02:18:46,350
12159		-market go up for nine days straight so
12160		-
12161		-3041
12162		-02:18:46,350 ~-~-> 02:18:47,550
12163		-therefore if it goes up a little bit
12164		-
12165		-3042
12166		-02:18:47,550 ~-~-> 02:18:49,800
12167		-higher, that's when they want to buy and
12168		-
12169		-3043
12170		-02:18:49,800 ~-~-> 02:18:51,000
12171		-that's generally what happens is they
12172		-
12173		-3044
12174		-02:18:51,000 ~-~-> 02:18:52,650
12175		-buy too high the market, okay, and I've
12176		-
12177		-3045
12178		-02:18:52,650 ~-~-> 02:18:53,910
12179		-been there I know what it's all about,
12180		-
12181		-3046
12182		-02:18:53,910 ~-~-> 02:18:55,710
12183		-and none of it feels like so, and you
12184		-
12185		-3047
12186		-02:18:55,710 ~-~-> 02:18:58,980
12187		-probably do too. If we had seen market,
12188		-
12189		-3048
12190		-02:18:59,370 ~-~-> 02:19:01,380
12191		-price trading down to a key support
12192		-
12193		-3049
12194		-02:19:01,380 ~-~-> 02:19:04,620
12195		-level, okay, those that are entering in
12196		-
12197		-3050
12198		-02:19:04,680 ~-~-> 02:19:07,020
12199		-on whatever we implied as a buy signal
12200		-
12201		-3051
12202		-02:19:07,020 ~-~-> 02:19:09,390
12203		-for them, they would immediately put
12204		-
12205		-3052
12206		-02:19:09,390 ~-~-> 02:19:11,040
12207		-protective sell stop below the market
12208		-
12209		-3053
12210		-02:19:11,040 ~-~-> 02:19:13,470
12211		-price. And then obviously, for those
12212		-
12213		-3054
12214		-02:19:13,470 ~-~-> 02:19:16,200
12215		-that have been net short, okay, they
12216		-
12217		-3055
12218		-02:19:16,200 ~-~-> 02:19:18,540
12219		-have their limit orders below market
12220		-
12221		-3056
12222		-02:19:18,540 ~-~-> 02:19:20,490
12223		-price trying to get out, you know, with
12224		-
12225		-3057
12226		-02:19:20,490 ~-~-> 02:19:23,430
12227		-their greedy, you know, expectations of
12228		-
12229		-3058
12230		-02:19:23,430 ~-~-> 02:19:26,700
12231		-getting out near a very handsome price
12232		-
12233		-3059
12234		-02:19:26,700 ~-~-> 02:19:28,920
12235		-level to profit from. And again the same
12236		-
12237		-3060
12238		-02:19:28,920 ~-~-> 02:19:30,450
12239		-guys that have been just introduced to
12240		-
12241		-3061
12242		-02:19:30,450 ~-~-> 02:19:31,800
12243		-the marketplace, you know, for the last
12244		-
12245		-3062
12246		-02:19:31,800 ~-~-> 02:19:35,250
12247		-25 days in the market places have been
12248		-
12249		-3063
12250		-02:19:35,250 ~-~-> 02:19:37,080
12251		-seeing lower prices. So therefore, if it
12252		-
12253		-3064
12254		-02:19:37,080 ~-~-> 02:19:38,160
12255		-goes down a little bit farther, then
12256		-
12257		-3065
12258		-02:19:38,160 ~-~-> 02:19:40,110
12259		-they'll sell short and they'll have cell
12260		-
12261		-3066
12262		-02:19:40,110 ~-~-> 02:19:41,550
12263		-stops down there because they can't move
12264		-
12265		-3067
12266		-02:19:41,550 ~-~-> 02:19:43,140
12267		-around the trading desk because they're
12268		-
12269		-3068
12270		-02:19:43,140 ~-~-> 02:19:45,270
12271		-working at you know, whatever they're
12272		-
12273		-3069
12274		-02:19:45,270 ~-~-> 02:19:47,910
12275		-doing, you know, you're painting cars,
12276		-
12277		-3070
12278		-02:19:48,210 ~-~-> 02:19:49,770
12279		-so they want to have their cell stops
12280		-
12281		-3071
12282		-02:19:49,770 ~-~-> 02:19:51,330
12283		-below the marketplace and in many times
12284		-
12285		-3072
12286		-02:19:51,330 ~-~-> 02:19:53,430
12287		-you see them selling the low of the day.
12288		-
12289		-3073
12290		-02:19:56,250 ~-~-> 02:19:58,380
12291		-So let's talk about a little bit more
12292		-
12293		-3074
12294		-02:19:58,380 ~-~-> 02:20:02,520
12295		-detail of it. market makers pair orders
12296		-
12297		-3075
12298		-02:20:03,000 ~-~-> 02:20:07,260
12299		-and how orders stack. Let's assume for a
12300		-
12301		-3076
12302		-02:20:07,260 ~-~-> 02:20:09,480
12303		-moment that there is a highly sensitive
12304		-
12305		-3077
12306		-02:20:09,660 ~-~-> 02:20:12,810
12307		-price level of support or resistance
12308		-
12309		-3078
12310		-02:20:12,870 ~-~-> 02:20:16,590
12311		-around that 132. Big figure. Now when we
12312		-
12313		-3079
12314		-02:20:16,590 ~-~-> 02:20:19,470
12315		-look at a big figure, okay, and before I
12316		-
12317		-3080
12318		-02:20:19,470 ~-~-> 02:20:21,540
12319		-go any further, this could be a mid
12320		-
12321		-3081
12322		-02:20:21,540 ~-~-> 02:20:24,660
12323		-figure. Okay. And then obviously the
12324		-
12325		-3082
12326		-02:20:24,660 ~-~-> 02:20:27,120
12327		-levels above it being respective in
12328		-
12329		-3083
12330		-02:20:27,120 ~-~-> 02:20:28,500
12331		-terms of what we have here as an
12332		-
12333		-3084
12334		-02:20:28,500 ~-~-> 02:20:31,530
12335		-example, but keeping in true form of the
12336		-
12337		-3085
12338		-02:20:31,530 ~-~-> 02:20:32,850
12339		-institutional levels we like to follow,
12340		-
12341		-3086
12342		-02:20:32,880 ~-~-> 02:20:35,850
12343		-which are the big figures, the 20s, the
12344		-
12345		-3087
12346		-02:20:35,850 ~-~-> 02:20:38,670
12347		-80s, the small round numbers, okay, in
12348		-
12349		-3088
12350		-02:20:38,670 ~-~-> 02:20:42,060
12351		-the mid 50 levels, okay, if price trades
12352		-
12353		-3089
12354		-02:20:42,180 ~-~-> 02:20:46,860
12355		-up to 132. Don't expect 130 to always
12356		-
12357		-3090
12358		-02:20:46,860 ~-~-> 02:20:49,050
12359		-simply hold price back. Many times
12360		-
12361		-3091
12362		-02:20:49,050 ~-~-> 02:20:51,270
12363		-you'll see price trade up to that level.
12364		-
12365		-3092
12366		-02:20:52,260 ~-~-> 02:20:55,380
12367		-And there'll be orders around the 10
12368		-
12369		-3093
12370		-02:20:55,380 ~-~-> 02:20:57,270
12371		-level and around the 20 level. Many
12372		-
12373		-3094
12374		-02:20:57,270 ~-~-> 02:20:58,470
12375		-times you'll see price even if it's
12376		-
12377		-3095
12378		-02:20:58,470 ~-~-> 02:21:00,720
12379		-going to go lower, longer term. Many
12380		-
12381		-3096
12382		-02:21:00,720 ~-~-> 02:21:03,750
12383		-times they'll sweep price up through the
12384		-
12385		-3097
12386		-02:21:03,750 ~-~-> 02:21:06,660
12387		-10s and 20s. And the reason why is
12388		-
12389		-3098
12390		-02:21:06,660 ~-~-> 02:21:09,780
12391		-because folks like to put their orders
12392		-
12393		-3099
12394		-02:21:10,830 ~-~-> 02:21:12,960
12395		-at odd numbers and such, okay, but
12396		-
12397		-3100
12398		-02:21:12,960 ~-~-> 02:21:15,300
12399		-really, the institutional level traders,
12400		-
12401		-3101
12402		-02:21:15,330 ~-~-> 02:21:18,090
12403		-they work around small round numbers.
12404		-
12405		-3102
12406		-02:21:18,120 ~-~-> 02:21:19,950
12407		-Okay, the 10s, the 20s,
12408		-
12409		-3103
12410		-02:21:20,340 ~-~-> 02:21:22,560
12411		-they'll they'll use those levels because
12412		-
12413		-3104
12414		-02:21:22,560 ~-~-> 02:21:24,510
12415		-it allows them to clean through
12416		-
12417		-3105
12418		-02:21:25,560 ~-~-> 02:21:28,440
12419		-particular price levels. And maybe
12420		-
12421		-3106
12422		-02:21:28,440 ~-~-> 02:21:30,480
12423		-you've encountered slippage. Okay. In
12424		-
12425		-3107
12426		-02:21:30,480 ~-~-> 02:21:32,280
12427		-other words, you really wanted to get
12428		-
12429		-3108
12430		-02:21:32,280 ~-~-> 02:21:35,580
12431		-out at 130 205. But maybe they filled it
12432		-
12433		-3109
12434		-02:21:35,580 ~-~-> 02:21:39,540
12435		-at 130 to 10. That's slippage. Why did
12436		-
12437		-3110
12438		-02:21:39,540 ~-~-> 02:21:41,610
12439		-they fill you at 130 to 10? Because
12440		-
12441		-3111
12442		-02:21:41,610 ~-~-> 02:21:44,130
12443		-that's where their order was for them to
12444		-
12445		-3112
12446		-02:21:44,130 ~-~-> 02:21:45,900
12447		-execute. So they're going to fill you
12448		-
12449		-3113
12450		-02:21:45,930 ~-~-> 02:21:48,210
12451		-they're not where you really want to get
12452		-
12453		-3114
12454		-02:21:48,210 ~-~-> 02:21:50,820
12455		-out. Okay. It doesn't happen all the
12456		-
12457		-3115
12458		-02:21:50,820 ~-~-> 02:21:53,760
12459		-time. No, but obviously, we as retail
12460		-
12461		-3116
12462		-02:21:53,760 ~-~-> 02:21:56,430
12463		-traders, are at the mercy if you will,
12464		-
12465		-3117
12466		-02:21:56,730 ~-~-> 02:21:58,230
12467		-of what the dealers are going to give us
12468		-
12469		-3118
12470		-02:21:58,230 ~-~-> 02:22:00,420
12471		-as an order. Okay. Maybe you had Trade
12472		-
12473		-3119
12474		-02:22:00,420 ~-~-> 02:22:03,540
12475		-executed and you exit it or entered and
12476		-
12477		-3120
12478		-02:22:03,570 ~-~-> 02:22:06,450
12479		-then you have a recoat later on. Okay,
12480		-
12481		-3121
12482		-02:22:06,480 ~-~-> 02:22:10,110
12483		-maybe you got in a short position at 132
12484		-
12485		-3122
12486		-02:22:10,140 ~-~-> 02:22:12,540
12487		-even. Okay, and then later on found out
12488		-
12489		-3123
12490		-02:22:12,540 ~-~-> 02:22:17,640
12491		-that they quoted you 131 95 or 131 90.
12492		-
12493		-3124
12494		-02:22:17,820 ~-~-> 02:22:19,620
12495		-Okay, that's pretty extreme in terms of
12496		-
12497		-3125
12498		-02:22:19,620 ~-~-> 02:22:21,480
12499		-slippage. But if it's economic report,
12500		-
12501		-3126
12502		-02:22:21,750 ~-~-> 02:22:23,820
12503		-things like that can happen. As a matter
12504		-
12505		-3127
12506		-02:22:23,820 ~-~-> 02:22:25,980
12507		-of fact, you know, I just recently
12508		-
12509		-3128
12510		-02:22:25,980 ~-~-> 02:22:29,220
12511		-traded an economic report, and I had
12512		-
12513		-3129
12514		-02:22:29,520 ~-~-> 02:22:31,890
12515		-seven pips slippage from where I was
12516		-
12517		-3130
12518		-02:22:31,890 ~-~-> 02:22:33,390
12519		-trying to get in, and we're actually got
12520		-
12521		-3131
12522		-02:22:33,390 ~-~-> 02:22:36,750
12523		-filled so you that's the inherent nature
12524		-
12525		-3132
12526		-02:22:36,780 ~-~-> 02:22:39,600
12527		-of trading in fast, illiquid markets,
12528		-
12529		-3133
12530		-02:22:39,930 ~-~-> 02:22:41,580
12531		-and they're gonna fill you where they
12532		-
12533		-3134
12534		-02:22:41,580 ~-~-> 02:22:43,620
12535		-want to get filled. Okay, so you're
12536		-
12537		-3135
12538		-02:22:43,620 ~-~-> 02:22:44,550
12539		-gonna be taking the other side of your
12540		-
12541		-3136
12542		-02:22:44,550 ~-~-> 02:22:46,140
12543		-trade to understand that if you're
12544		-
12545		-3137
12546		-02:22:46,140 ~-~-> 02:22:49,560
12547		-dealing through a market maker or an
12548		-
12549		-3138
12550		-02:22:49,560 ~-~-> 02:22:52,590
12551		-order desk, that's the type of filling
12552		-
12553		-3139
12554		-02:22:52,590 ~-~-> 02:22:53,850
12555		-you're going to get with your orders.
12556		-
12557		-3140
12558		-02:22:53,880 ~-~-> 02:22:55,860
12559		-Okay, but if you think in terms of the
12560		-
12561		-3141
12562		-02:22:55,860 ~-~-> 02:22:58,860
12563		-big picture of how these market makers
12564		-
12565		-3142
12566		-02:22:58,860 ~-~-> 02:23:03,060
12567		-and large Bank dealers and traders work.
12568		-
12569		-3143
12570		-02:23:03,450 ~-~-> 02:23:04,980
12571		-They're going to work around these round
12572		-
12573		-3144
12574		-02:23:04,980 ~-~-> 02:23:06,630
12575		-numbers and always expect them to try to
12576		-
12577		-3145
12578		-02:23:06,630 ~-~-> 02:23:09,150
12579		-sweep to the next small little round
12580		-
12581		-3146
12582		-02:23:09,150 ~-~-> 02:23:11,250
12583		-number because that's generally where
12584		-
12585		-3147
12586		-02:23:11,520 ~-~-> 02:23:13,440
12587		-they'll take price and it'll clean out
12588		-
12589		-3148
12590		-02:23:13,440 ~-~-> 02:23:15,210
12591		-all the guys that want to use a stop
12592		-
12593		-3149
12594		-02:23:15,210 ~-~-> 02:23:18,480
12595		-loss, okay, they maybe sell short at 132
12596		-
12597		-3150
12598		-02:23:18,780 ~-~-> 02:23:21,150
12599		-even want to limit maybe the assault
12600		-
12601		-3151
12602		-02:23:21,150 ~-~-> 02:23:23,070
12603		-price dropped down to 131 90 and they're
12604		-
12605		-3152
12606		-02:23:23,070 ~-~-> 02:23:24,210
12607		-salivating because they think it's going
12608		-
12609		-3153
12610		-02:23:24,210 ~-~-> 02:23:26,430
12611		-to go to 130. Okay, so they put your
12612		-
12613		-3154
12614		-02:23:26,430 ~-~-> 02:23:30,660
12615		-stop loss at 130 203. Okay, well, the
12616		-
12617		-3155
12618		-02:23:30,660 ~-~-> 02:23:32,670
12619		-dealers know that. Okay, they're going
12620		-
12621		-3156
12622		-02:23:32,670 ~-~-> 02:23:34,380
12623		-to take price up and just for good
12624		-
12625		-3157
12626		-02:23:34,380 ~-~-> 02:23:35,190
12627		-measure, we're gonna run it to the
12628		-
12629		-3158
12630		-02:23:35,190 ~-~-> 02:23:37,290
12631		-132 10 level. And then I'll clear out a
12632		-
12633		-3159
12634		-02:23:37,290 ~-~-> 02:23:39,090
12635		-nice block of trades that would have had
12636		-
12637		-3160
12638		-02:23:39,330 ~-~-> 02:23:40,830
12639		-pending orders resting above it, like we
12640		-
12641		-3161
12642		-02:23:40,830 ~-~-> 02:23:43,170
12643		-just discussed in a previous slide, and
12644		-
12645		-3162
12646		-02:23:43,410 ~-~-> 02:23:44,430
12647		-allow them
12648		-
12649		-3163
12650		-02:23:44,730 ~-~-> 02:23:47,070
12651		-to promote liquidity not only for
12652		-
12653		-3164
12654		-02:23:47,070 ~-~-> 02:23:49,800
12655		-themselves, but other orders they have
12656		-
12657		-3165
12658		-02:23:49,800 ~-~-> 02:23:55,530
12659		-to do transactions for Alright, let's
12660		-
12661		-3166
12662		-02:23:55,530 ~-~-> 02:23:58,860
12663		-take a look at an environment where the
12664		-
12665		-3167
12666		-02:23:58,860 ~-~-> 02:24:02,310
12667		-132 perhaps is a clearly discernible
12668		-
12669		-3168
12670		-02:24:02,340 ~-~-> 02:24:05,820
12671		-resistance level. Okay, and we're going
12672		-
12673		-3169
12674		-02:24:05,820 ~-~-> 02:24:08,220
12675		-to assume that market price is down here
12676		-
12677		-3170
12678		-02:24:08,250 ~-~-> 02:24:11,100
12679		-below that particular price level. And
12680		-
12681		-3171
12682		-02:24:11,130 ~-~-> 02:24:12,210
12683		-generally you'll see this type of
12684		-
12685		-3172
12686		-02:24:12,210 ~-~-> 02:24:13,650
12687		-action, okay, they'll take it up to the
12688		-
12689		-3173
12690		-02:24:13,650 ~-~-> 02:24:17,670
12691		-80 level. Okay, and force or retrace,
12692		-
12693		-3174
12694		-02:24:17,670 ~-~-> 02:24:20,100
12695		-pull off very sharply. Okay. And
12696		-
12697		-3175
12698		-02:24:20,100 ~-~-> 02:24:21,900
12699		-everybody understands if you've been
12700		-
12701		-3176
12702		-02:24:21,900 ~-~-> 02:24:23,400
12703		-looking at the markets and in the
12704		-
12705		-3177
12706		-02:24:23,430 ~-~-> 02:24:26,760
12707		-capacity that the 80s the 20s in the 50s
12708		-
12709		-3178
12710		-02:24:26,790 ~-~-> 02:24:28,680
12711		-and full figures are very sensitive
12712		-
12713		-3179
12714		-02:24:28,680 ~-~-> 02:24:30,750
12715		-psychological numbers, okay? And if the
12716		-
12717		-3180
12718		-02:24:30,750 ~-~-> 02:24:33,750
12719		-dealers can bounce price off there,
12720		-
12721		-3181
12722		-02:24:33,750 ~-~-> 02:24:35,160
12723		-they'll trap a lot of traders thinking
12724		-
12725		-3182
12726		-02:24:35,160 ~-~-> 02:24:37,560
12727		-okay that was the high the market then
12728		-
12729		-3183
12730		-02:24:37,560 ~-~-> 02:24:39,060
12731		-what happens though reprice
12732		-
12733		-3184
12734		-02:24:40,050 ~-~-> 02:24:40,830
12735		-Okay, and
12736		-
12737		-3185
12738		-02:24:41,040 ~-~-> 02:24:43,830
12739		-get folks that maybe didn't believe that
12740		-
12741		-3186
12742		-02:24:43,830 ~-~-> 02:24:45,090
12743		-was the high and they think it's still
12744		-
12745		-3187
12746		-02:24:45,090 ~-~-> 02:24:48,270
12747		-going to go to 132. They'll more or less
12748		-
12749		-3188
12750		-02:24:48,270 ~-~-> 02:24:50,370
12751		-buy that market up. Okay. But then what
12752		-
12753		-3189
12754		-02:24:50,370 ~-~-> 02:24:51,960
12755		-I'll do is I'll take the market below
12756		-
12757		-3190
12758		-02:24:51,960 ~-~-> 02:24:53,970
12759		-the most recent swing low and stop those
12760		-
12761		-3191
12762		-02:24:53,970 ~-~-> 02:24:56,460
12763		-traders out. So now, the folks that
12764		-
12765		-3192
12766		-02:24:56,460 ~-~-> 02:24:58,020
12767		-think on a short term that the price is
12768		-
12769		-3193
12770		-02:24:58,020 ~-~-> 02:25:00,930
12771		-going to go to 132 are now scared They
12772		-
12773		-3194
12774		-02:25:00,930 ~-~-> 02:25:02,490
12775		-don't want to get in the market now. So
12776		-
12777		-3195
12778		-02:25:02,490 ~-~-> 02:25:05,520
12779		-they took those individuals out if they
12780		-
12781		-3196
12782		-02:25:05,520 ~-~-> 02:25:07,560
12783		-were taken out when that recent move
12784		-
12785		-3197
12786		-02:25:07,560 ~-~-> 02:25:09,720
12787		-down below the recent swing low here,
12788		-
12789		-3198
12790		-02:25:10,620 ~-~-> 02:25:13,080
12791		-okay, what is below they're going to put
12792		-
12793		-3199
12794		-02:25:13,080 ~-~-> 02:25:16,410
12795		-up what protective sell, okay? If the
12796		-
12797		-3200
12798		-02:25:16,410 ~-~-> 02:25:18,600
12799		-dealers take price down below that that
12800		-
12801		-3201
12802		-02:25:18,600 ~-~-> 02:25:20,580
12803		-sell stop becomes a market or do what
12804		-
12805		-3202
12806		-02:25:21,210 ~-~-> 02:25:22,920
12807		-the sell to market who's going to buy it
12808		-
12809		-3203
12810		-02:25:22,920 ~-~-> 02:25:25,890
12811		-from the dealers, the dealers will buy
12812		-
12813		-3204
12814		-02:25:25,890 ~-~-> 02:25:28,620
12815		-up that pocket of liquidity, okay. And
12816		-
12817		-3205
12818		-02:25:28,620 ~-~-> 02:25:30,630
12819		-then they'll reprice and they'll take it
12820		-
12821		-3206
12822		-02:25:30,630 ~-~-> 02:25:33,360
12823		-up to that 132 figure clearing out the
12824		-
12825		-3207
12826		-02:25:33,360 ~-~-> 02:25:34,560
12827		-stops that would have been resting at
12828		-
12829		-3208
12830		-02:25:34,560 ~-~-> 02:25:36,690
12831		-that 131 90 for those that went short
12832		-
12833		-3209
12834		-02:25:36,690 ~-~-> 02:25:39,570
12835		-here. So now, is there any one short?
12836		-
12837		-3210
12838		-02:25:39,600 ~-~-> 02:25:41,160
12839		-No. Okay.
12840		-
12841		-3211
12842		-02:25:41,580 ~-~-> 02:25:42,930
12843		-So where did they
12844		-
12845		-3212
12846		-02:25:43,980 ~-~-> 02:25:45,630
12847		-where does the dealer's exit their
12848		-
12849		-3213
12850		-02:25:45,630 ~-~-> 02:25:49,260
12851		-position to the accumulated here at the
12852		-
12853		-3214
12854		-02:25:49,260 ~-~-> 02:25:51,600
12855		-131 90 or there abouts because that's
12856		-
12857		-3215
12858		-02:25:51,600 ~-~-> 02:25:54,750
12859		-about rare those stop loss on the short
12860		-
12861		-3216
12862		-02:25:54,780 ~-~-> 02:25:56,280
12863		-the short sellers here would have their
12864		-
12865		-3217
12866		-02:25:56,280 ~-~-> 02:25:57,930
12867		-orders resting so they clear out the
12868		-
12869		-3218
12870		-02:25:57,930 ~-~-> 02:25:59,070
12871		-pending orders and take it all out to
12872		-
12873		-3219
12874		-02:25:59,070 ~-~-> 02:26:03,180
12875		-the 132 figure. The next repricing comes
12876		-
12877		-3220
12878		-02:26:03,180 ~-~-> 02:26:06,660
12879		-in the sell off, folks. Okay, well, this
12880		-
12881		-3221
12882		-02:26:06,660 ~-~-> 02:26:08,460
12883		-is the top of the marketplace. So let's
12884		-
12885		-3222
12886		-02:26:08,460 ~-~-> 02:26:10,650
12887		-start selling. Okay, so they go short
12888		-
12889		-3223
12890		-02:26:10,680 ~-~-> 02:26:12,570
12891		-here. All of a sudden, you'll see the
12892		-
12893		-3224
12894		-02:26:12,570 ~-~-> 02:26:14,520
12895		-dealers take price back up again, now
12896		-
12897		-3225
12898		-02:26:14,520 ~-~-> 02:26:17,250
12899		-clear up to 132. Why? Because the folks
12900		-
12901		-3226
12902		-02:26:17,250 ~-~-> 02:26:18,930
12903		-that have been watching that 132 level,
12904		-
12905		-3227
12906		-02:26:19,140 ~-~-> 02:26:21,240
12907		-wants to trade their one time and starts
12908		-
12909		-3228
12910		-02:26:21,240 ~-~-> 02:26:22,920
12911		-to trade off. They think that's it. It's
12912		-
12913		-3229
12914		-02:26:22,920 ~-~-> 02:26:25,410
12915		-a support resistance is perfect. It
12916		-
12917		-3230
12918		-02:26:25,410 ~-~-> 02:26:28,650
12919		-never never has any blurry lines. it's
12920		-
12921		-3231
12922		-02:26:28,650 ~-~-> 02:26:31,410
12923		-crystal clear, laser guided. Okay, and
12924		-
12925		-3232
12926		-02:26:31,410 ~-~-> 02:26:32,640
12927		-price is always going to stop right on
12928		-
12929		-3233
12930		-02:26:32,640 ~-~-> 02:26:35,220
12931		-that 00 level. It doesn't guys, you got
12932		-
12933		-3234
12934		-02:26:35,220 ~-~-> 02:26:37,830
12935		-to have some flexibility and wait, wait
12936		-
12937		-3235
12938		-02:26:37,830 ~-~-> 02:26:39,570
12939		-for the shore sign that this thing's
12940		-
12941		-3236
12942		-02:26:39,570 ~-~-> 02:26:41,730
12943		-going to turn around. So when then clear
12944		-
12945		-3237
12946		-02:26:41,730 ~-~-> 02:26:45,360
12947		-all the way up to the 132 20 level. Now,
12948		-
12949		-3238
12950		-02:26:45,810 ~-~-> 02:26:46,800
12951		-folks that were
12952		-
12953		-3239
12954		-02:26:47,460 ~-~-> 02:26:49,650
12955		-looking to sell, they're scared. They
12956		-
12957		-3240
12958		-02:26:49,650 ~-~-> 02:26:50,790
12959		-don't want to get in the market. Now.
12960		-
12961		-3241
12962		-02:26:50,820 ~-~-> 02:26:52,110
12963		-They don't know what's going to happen.
12964		-
12965		-3242
12966		-02:26:52,170 ~-~-> 02:26:54,150
12967		-Why? Because they watched the guys get
12968		-
12969		-3243
12970		-02:26:54,150 ~-~-> 02:26:55,590
12971		-blown out here. They watch the gods get
12972		-
12973		-3244
12974		-02:26:55,590 ~-~-> 02:26:57,150
12975		-blown out here. This creates that
12976		-
12977		-3245
12978		-02:26:57,150 ~-~-> 02:27:00,720
12979		-pattern three drives higher or Three
12980		-
12981		-3246
12982		-02:27:00,720 ~-~-> 02:27:04,080
12983		-Indians, as it is in the street smarts
12984		-
12985		-3247
12986		-02:27:04,080 ~-~-> 02:27:08,100
12987		-book. They'll do a massive repricing,
12988		-
12989		-3248
12990		-02:27:08,130 ~-~-> 02:27:09,900
12991		-they'll take out a swing low here. Why?
12992		-
12993		-3249
12994		-02:27:09,900 ~-~-> 02:27:11,490
12995		-Because there may be traders that were
12996		-
12997		-3250
12998		-02:27:11,490 ~-~-> 02:27:15,570
12999		-net long in here and got smart and
13000		-
13001		-3251
13002		-02:27:15,570 ~-~-> 02:27:17,430
13003		-realized it was probably going to move
13004		-
13005		-3252
13006		-02:27:17,430 ~-~-> 02:27:19,380
13007		-higher. But they don't want those guys
13008		-
13009		-3253
13010		-02:27:19,380 ~-~-> 02:27:20,790
13011		-in the marketplace either. Okay, so
13012		-
13013		-3254
13014		-02:27:20,790 ~-~-> 02:27:22,050
13015		-they're going to drive them individuals
13016		-
13017		-3255
13018		-02:27:22,050 ~-~-> 02:27:25,080
13019		-as well. Then they'll take price back
13020		-
13021		-3256
13022		-02:27:25,080 ~-~-> 02:27:27,180
13023		-above that 132 figure or rate at it.
13024		-
13025		-3257
13026		-02:27:27,630 ~-~-> 02:27:28,830
13027		-Okay. And this is typically when the
13028		-
13029		-3258
13030		-02:27:28,830 ~-~-> 02:27:31,140
13031		-market really makes its pattern of going
13032		-
13033		-3259
13034		-02:27:31,140 ~-~-> 02:27:33,390
13035		-short. Why? Because we have a breakdown
13036		-
13037		-3260
13038		-02:27:33,390 ~-~-> 02:27:36,330
13039		-and market structure. After we clear out
13040		-
13041		-3261
13042		-02:27:36,810 ~-~-> 02:27:38,550
13043		-the orders that stacked around these key
13044		-
13045		-3262
13046		-02:27:38,550 ~-~-> 02:27:41,790
13047		-levels. You'll see price to a mass
13048		-
13049		-3263
13050		-02:27:42,420 ~-~-> 02:27:44,670
13051		-dramatic repricing and take out all
13052		-
13053		-3264
13054		-02:27:44,820 ~-~-> 02:27:47,010
13055		-short term lows, and anybody that would
13056		-
13057		-3265
13058		-02:27:47,010 ~-~-> 02:27:48,720
13059		-be net long in that position, and now
13060		-
13061		-3266
13062		-02:27:48,720 ~-~-> 02:27:51,240
13063		-they're trapped. The next portion is
13064		-
13065		-3267
13066		-02:27:51,240 ~-~-> 02:27:54,030
13067		-that then they'll get you traders to
13068		-
13069		-3268
13070		-02:27:54,030 ~-~-> 02:27:56,010
13071		-think okay, this was it, you know, sort
13072		-
13073		-3269
13074		-02:27:56,010 ~-~-> 02:27:58,980
13075		-of fast resistance level. Maybe this was
13076		-
13077		-3270
13078		-02:27:59,490 ~-~-> 02:28:02,220
13079		-you know, One of these patterns where it
13080		-
13081		-3271
13082		-02:28:02,220 ~-~-> 02:28:03,360
13083		-looked like it was a top but it really
13084		-
13085		-3272
13086		-02:28:03,360 ~-~-> 02:28:04,860
13087		-wasn't guys. So let's get on board and
13088		-
13089		-3273
13090		-02:28:04,860 ~-~-> 02:28:06,720
13091		-they'll do a real quick repricing up.
13092		-
13093		-3274
13094		-02:28:07,080 ~-~-> 02:28:09,930
13095		-This is where you get the nice optimal
13096		-
13097		-3275
13098		-02:28:09,930 ~-~-> 02:28:12,210
13099		-trade entry sell short patterns. Okay,
13100		-
13101		-3276
13102		-02:28:12,240 ~-~-> 02:28:13,800
13103		-and that's the one you want to be on.
13104		-
13105		-3277
13106		-02:28:14,370 ~-~-> 02:28:16,530
13107		-And then you see the sustained swings,
13108		-
13109		-3278
13110		-02:28:17,130 ~-~-> 02:28:21,420
13111		-lower begin. Obviously, like most
13112		-
13113		-3279
13114		-02:28:21,420 ~-~-> 02:28:23,610
13115		-everything I have, you know, we're not
13116		-
13117		-3280
13118		-02:28:23,610 ~-~-> 02:28:24,870
13119		-going to go through that whole long
13120		-
13121		-3281
13122		-02:28:24,870 ~-~-> 02:28:27,030
13123		-winded depiction of how orders are
13124		-
13125		-3282
13126		-02:28:27,030 ~-~-> 02:28:28,890
13127		-stacked and how dealers work within
13128		-
13129		-3283
13130		-02:28:28,890 ~-~-> 02:28:31,380
13131		-these key levels. But assuming that we
13132		-
13133		-3284
13134		-02:28:31,380 ~-~-> 02:28:34,290
13135		-have a support level, and price started
13136		-
13137		-3285
13138		-02:28:34,290 ~-~-> 02:28:36,270
13139		-up here, much in the same capacity we
13140		-
13141		-3286
13142		-02:28:36,270 ~-~-> 02:28:38,850
13143		-saw on the selling side, you can see
13144		-
13145		-3287
13146		-02:28:38,850 ~-~-> 02:28:42,000
13147		-that unfold on the bullish aspect of
13148		-
13149		-3288
13150		-02:28:42,000 ~-~-> 02:28:42,780
13151		-trading as well.