ICT - Sniper Course - 07 - Multiple Targets module.srt

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ICT: folks this is ICT with the scout

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sniper basic Field Guide Part Seven in

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our continuing series after this, we

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only got one more installment left and

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more complete. Okay, we're gonna be

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looking at multiple targets, okay and

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which specifically we'll be covering in

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this presentation. We're going to be

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reviewing the previous assignment,

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discovering the average number of pips

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intraday, a study on that. And we're

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looking at ICT chart examples and stop

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loss orders

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revisited.

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And we'll be looking at the average

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daily PIP ranges. We're going to be

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discussing when ranges contract and why

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it's essential for you to be prepared.

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And the 30 PIP stop loss and why

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we're gonna be looking at the ICT split

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gains ratio. Okay, and why is it

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important to understand your trade

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setups?

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What is the concern

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what makes a change different to any

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other.

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Why is classification essential to

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profit taking?

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And the ICT split ratios explained? And

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we're gonna be discussing, are we in

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sync or not? intermediate term ratios,

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short term ratios, day trading ratios,

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and finally, scalping ratios. And in

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conclusion, we'll have one more

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assignment and the last one in this

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series. It will be basically a review

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for you to go through all of the

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previous videos one more time. Try to

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gather up all your notes again. And

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we'll be moving on to the final

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conclusion. installment to this series.

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I think what I have planned an outline

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is still a little bit more to work to be

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complete, but What I have so far you'll

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be very, you'll be very surprised to see

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how these tools are used and when to use

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them and when not to use them. So let's

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move on.

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Okay, folks, we're looking at the Euro

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USD. So 15 minute chart. And keeping in

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mind with this teaching series,

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obviously we talked about how trading in

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line with the higher time frame daily

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and using the nine and 18

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moving

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averages, Exponential Moving Averages

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rather to kind of give you a buy model

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for institutional flows. So more or

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less, use this section of the

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marketplace, basically, the 30th of

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September to the fourth of October. So

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you can pull that up on your charts

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everybody the same markups on going here

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and I have each day delineated for a

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client and you can use an empty for by

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holding down control and tapping why

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see that happening here

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and these horizontal lines just take the

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vertical lines so if you see a little

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bit better, this is delineating the

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previous day. Okay, this is previous

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day's high which is seen here and this

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is the previous day's low which is seen

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here. Okay, I'm going to share these

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tools on the internet and

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you'll be able to

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download and apply them to your mt four

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platform as well.

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We're gonna look at

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a few things here obviously, beginning

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with the average PIP range, so this date

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high to low. Using this here we have 78

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pips see the middle

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number here.

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78 pips, okay? So

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on this particular week this Monday It

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was 70 pips for that particular day.

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This trading day we had the high here

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and the low formed right here, right

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there on that candle.

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So by looking at that range

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okay we have a range of 71 pips, okay?

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Very close to the previous day's daily

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range. We have this range here, which is

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103 or four pips or other Okay, again,

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that's this day's high, this day's low.

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And what this indicator does, it

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actually plots the previous day's high

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and low. So you can see graphically and

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there's a lot of uses for that, but

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we're not going to go into it here, but

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you'll hear more about it as

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we get into

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the eighth

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installment in the series.

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Okay we have 64 pips on this range here.

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Okay.

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And now what do we what did we just see?

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Okay we saw 7070 is, you know

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the PIP range

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hanging around that 70 to 80 PIP marker,

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we moved into 100 pips. Then in here we

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shrunk down to 60. So we had 7070 160

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Okay, so we had contraction in the daily

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range rate in here. That means there is

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a pretty sizable move that's expected,

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just simply looking at volatility alone.

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Okay, this is why it's important to know

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when the daily ranges start to contract.

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You need to be prepared because

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something's about to take place that you

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could capitalize on. Okay. We're going

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into it new week here. The market makes

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a small range again. Okay? And that's

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this low here, this high. Okay,

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typically Mondays we don't like to

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trade. But

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you can see

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the high and low here on this day. It's

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this range here. So that's 45. So the

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daily PIP ranges have really

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consolidated into a smaller tighter

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daily range to were much smaller than we

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were on this previous week.

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Mark comes down,

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find some support.

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We have the previous day's high here,

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which is right here, this candle here

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and the low here so we're going to put

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on this so it's easy to see 130 13 pips

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is this range here. Okay, so the ranges

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are starting to expand. Okay and

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previous day's range as well. Okay, we

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have 59. So we have another small

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contraction and daily range so we would

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expect another move of significance. Now

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it doesn't give you directional premise.

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Okay, before I go any further, I don't

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want to confuse you here. When the

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ranges start to contract that does not

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imply directional premise. It just means

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a volatility

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pop,

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if you will, where the markets really

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going to make a swing one direction or

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the other is highly probable. Okay.

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We're going to add some directional

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stuff in a moment.

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But we have

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this daily high here, daily low which is

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seen on Sunday's candle in here or

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range, which we don't do too much

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trading on Sunday.

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Here's Tuesday's of that week's

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daily range. You can see that is

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communicated here

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and we start moving into

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more

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larger daily ranges. We're above

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90 here.

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Okay. And prior to this range here we

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had on that Monday of this particular

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week, we have a range of 53 pips. Okay,

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so we started to shrink up and we

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exploded and we had

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a very nice

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increase in the daily range.

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Okay 161 pips, okay, which was seen

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here.

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Okay. So

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what I'm trying to draw your Attention

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to and this is not only do we look at

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price action on the charts, but we're

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also measuring and keeping an eye on

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volatility because when the ranges start

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to get small, okay, or if they drop off

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over the last five days, much lower than

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the average daily range, we're moving

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into an area where we're probably going

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to have a very sharp price move. Again,

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that does not give you a

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prognostication. influence. No, it

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doesn't give you any kind of directional

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premise, if you will. It just gives you

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a neon sign that everybody looks for

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that something's about to happen. Well,

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this one of the best things you can

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have, because it's a shrinking of

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volatility, okay. You have like disquiet

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before the storm. Okay, and because

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we're looking at 15 minute chart and

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looking at one shot, one kills per week.

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Okay. One cherry picked scenario for the

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whole entire week that we've really

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tried to hone in on for an hour.

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opportunity with this with the highest

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probability of profitability and the

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lowest probability of risk. That's,

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that's what a professional trader spends

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his career doing. That's his routine he

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looks for those conditions. There's a

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lot of opportunities

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that he'll let go

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or she'll let go by with no regard

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whatsoever about

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who else is getting it.

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You and your development towards it

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professional trader, you want to be

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having that mindset as well. You want to

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be moving towards a level of consistency

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and not feeling like a dog in a meat

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market just running around chasing every

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little thing hanging off of a counter

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nibbling here and nibbling there and

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never really being satisfied. I can't

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express how satisfying it is to sit on

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your hands and wait for a specific

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environment. specific condition,

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specific setup, and then watch it unfold

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exactly how you have waited for it

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patiently and then take advantage of it

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execute no fear No worry, no rushing,

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absolute patience, and there's no

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emotion whatsoever. The emotion comes on

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the other side of the trade when you get

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out, hopefully with profitability,

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hopefully with, you know, having very

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little drawdown during the trade. So,

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moving in that direction as a developing

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trader, that's where your mindset should

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be early on. And if you haven't done

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that you've been trained for a while,

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you'd be surprised if you started doing

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that very thing, how much more

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significant your results would be. And

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it would clear a lot of the emotional

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and fear and greed aspects that come

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inherent with trading. So understanding

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the contraction of the daily ranges,

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again, is vital to understanding when

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next

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big move, quote unquote,

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is about to ensue.

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Because we as traders, that's what we

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need. We need volatility to make money.

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Okay, if the markets Don't move, it's

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very difficult for us to make money.

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Okay? Unless you're an options trader,

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which, you know, I'm not

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going to be claiming to be an avid,

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you know, options trader,

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but they're certainly means of taking

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advantage of the marketplace. When there

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is quiet markets. I'm just not that type

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of trader, you know, I need action. So

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let's go back and look at a few things.

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Okay, the previous video we talked about

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stop loss placement, and managing

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trailing stops and such. And I really

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want to hone this in down to a very core

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principle so you can understand what it

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is specifically, that you're trying to

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do when you place your stop and why it's

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important to have a specific number of

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pips as a like a template if you will.

276
00:13:48,420 --> 00:13:50,520
Because we're trading with a one shot

277
00:13:50,520 --> 00:13:53,430
one kill mentality and looking for one

278
00:13:53,490 --> 00:13:58,530
choice setup for the week. We understand

279
00:13:58,560 --> 00:14:00,990
we looked at a few daily ranges Okay,

280
00:14:01,200 --> 00:14:03,060
while it is not

281
00:14:03,840 --> 00:14:05,670
always 100 pips,

282
00:14:06,060 --> 00:14:07,290
I classify

283
00:14:07,500 --> 00:14:10,230
the average daily range for the euro and

284
00:14:10,230 --> 00:14:11,700
the maybe the British Pound

285
00:14:12,990 --> 00:14:13,650
USD.

286
00:14:14,040 --> 00:14:16,260
In other words cable and fiber pairs, I

287
00:14:16,260 --> 00:14:20,460
classify them as a generic 100 PIP daily

288
00:14:20,460 --> 00:14:23,130
range. Now, please do not send

289
00:14:24,000 --> 00:14:26,070
emails to me, okay? or

290
00:14:26,190 --> 00:14:28,740
message me on twitter saying, Michael,

291
00:14:29,760 --> 00:14:31,440
the fiber doesn't have an average daily

292
00:14:31,440 --> 00:14:33,150
range of 100 pips every day or hasn't

293
00:14:33,150 --> 00:14:34,410
had it for this number of days or

294
00:14:34,410 --> 00:14:37,020
whatever. I know that it will move in

295
00:14:37,020 --> 00:14:40,950
and out. Okay, but in my mind, I adopt

296
00:14:41,430 --> 00:14:44,730
100 PIP daily range, will it always have

297
00:14:44,730 --> 00:14:48,120
exactly 100? Pip? No. Will it go over

298
00:14:48,120 --> 00:14:50,250
it? Certainly. Will it double it

299
00:14:50,250 --> 00:14:53,040
sometimes? Certainly. Okay. Will it go

300
00:14:53,040 --> 00:14:55,380
very, very small have even a 40 PIP or

301
00:14:55,380 --> 00:14:57,810
less daily range? Yes, it can do that.

302
00:14:58,050 --> 00:15:00,660
Okay, so please, don't Don't try to

303
00:15:00,690 --> 00:15:01,920
start an argument with me because I'm

304
00:15:01,920 --> 00:15:05,490
really not interested. Okay. I'm showing

305
00:15:05,490 --> 00:15:08,280
you how I view the market. It's up to

306
00:15:08,280 --> 00:15:10,020
you whether you discern if it's any

307
00:15:10,020 --> 00:15:11,190
value or not. Okay?

308
00:15:12,870 --> 00:15:14,760
But because I have framed it with an

309
00:15:14,760 --> 00:15:15,570
average

310
00:15:16,710 --> 00:15:22,230
of 100 pips on a daily basis, okay? One

311
00:15:22,230 --> 00:15:24,870
third that okay, it's about 30 pips.

312
00:15:25,290 --> 00:15:28,020
Okay. And my premise to trading with a

313
00:15:28,080 --> 00:15:31,620
one shot one kill mentality is if we're

314
00:15:31,620 --> 00:15:33,450
in an environment we already expect

315
00:15:33,450 --> 00:15:36,480
bullish prices. Okay. If we expect

316
00:15:36,480 --> 00:15:39,510
bullish prices. We've looked at the

317
00:15:39,510 --> 00:15:41,280
higher time frame daily chart, maybe the

318
00:15:41,280 --> 00:15:44,310
nine day and 18 day are signifying that

319
00:15:44,340 --> 00:15:47,190
is a buy model right now. Everything is

320
00:15:47,220 --> 00:15:48,840
institutional flows are moving higher.

321
00:15:50,010 --> 00:15:52,170
We've come off of nice higher level

322
00:15:52,260 --> 00:15:54,960
support levels. Okay. And breaking

323
00:15:54,960 --> 00:15:57,690
resistance levels. Everything is

324
00:15:57,900 --> 00:16:01,050
bullish. Okay. We We've already learned

325
00:16:01,050 --> 00:16:04,350
that the market finds its low for the

326
00:16:04,350 --> 00:16:07,590
week, typically between Monday and

327
00:16:07,590 --> 00:16:09,780
Wednesdays London open, very high

328
00:16:09,780 --> 00:16:11,700
probability for Tuesday's long and open

329
00:16:11,700 --> 00:16:13,920
to create it. But again, we're flexible

330
00:16:13,920 --> 00:16:16,140
because we are not trading in black and

331
00:16:16,140 --> 00:16:18,990
white, we trade in the gray. Okay, so we

332
00:16:18,990 --> 00:16:21,660
had to thrive in the gray, we have a

333
00:16:21,690 --> 00:16:25,170
general rule to expect the higher low to

334
00:16:25,170 --> 00:16:27,900
form by Wednesday's lemon oven,

335
00:16:28,050 --> 00:16:29,460
okay? But

336
00:16:30,390 --> 00:16:32,130
there's going to be small deviations in

337
00:16:32,130 --> 00:16:33,840
that periodically, okay?

338
00:16:34,200 --> 00:16:37,170
Because just simply because we want it

339
00:16:37,170 --> 00:16:37,830
to be like that,

340
00:16:37,830 --> 00:16:38,700
always, it's not

341
00:16:38,700 --> 00:16:39,780
always going to be like that. So you

342
00:16:39,780 --> 00:16:40,800
have to have some flexibility in

343
00:16:40,800 --> 00:16:42,630
trading. And that goes along with your

344
00:16:42,630 --> 00:16:45,300
analysis as well. So we're going to go

345
00:16:45,300 --> 00:16:48,240
back over a few concepts with this whole

346
00:16:48,240 --> 00:16:49,830
weekend mind, okay, and we're again,

347
00:16:49,830 --> 00:16:51,690
we're looking at September 30th, to

348
00:16:51,690 --> 00:16:56,580
October 4 and four time reduction on the

349
00:16:56,580 --> 00:16:58,740
video. Again, I'll just counsel you to

350
00:16:58,740 --> 00:17:00,480
go to your daily chart pool. You're

351
00:17:00,510 --> 00:17:02,790
moving averages to, to confirm this is

352
00:17:02,790 --> 00:17:05,250
indeed a timeframe when the market is

353
00:17:05,490 --> 00:17:08,190
showing institutional flows being

354
00:17:08,220 --> 00:17:09,810
bullish with the averages crossing and

355
00:17:09,810 --> 00:17:13,080
everything trying to move higher. We

356
00:17:13,080 --> 00:17:15,810
have Wednesday's trading here we have

357
00:17:15,810 --> 00:17:18,150
Tuesday's trading here and Monday. We

358
00:17:18,150 --> 00:17:20,340
had a range, okay

359
00:17:22,650 --> 00:17:25,410
from Tuesday's high here

360
00:17:27,180 --> 00:17:29,100
and Monday's low.

361
00:17:31,110 --> 00:17:34,110
Okay, so market made a high here early

362
00:17:34,110 --> 00:17:36,990
in the week, took out this high here and

363
00:17:37,140 --> 00:17:41,160
traded back and receded back into

364
00:17:41,160 --> 00:17:45,720
Wednesday. Now this candle here. My

365
00:17:45,720 --> 00:17:47,160
little things here so I can see what I'm

366
00:17:47,160 --> 00:17:52,050
looking at. This candle comes in at 1215

367
00:17:52,140 --> 00:17:52,860
GMT,

368
00:17:53,790 --> 00:17:55,620
or 1230 GMT rather.

369
00:17:56,070 --> 00:17:59,970
Now that's classic, New York open so

370
00:18:00,360 --> 00:18:03,780
While we did have the market, make a

371
00:18:03,780 --> 00:18:05,910
nice little low here and during its

372
00:18:06,270 --> 00:18:08,550
London session here, New York came down,

373
00:18:08,550 --> 00:18:10,530
swept that low out and then the real

374
00:18:10,530 --> 00:18:12,360
move came. Okay, so we talked about that

375
00:18:12,360 --> 00:18:13,380
stop reading event.

376
00:18:13,979 --> 00:18:16,319
Okay, but more specifically,

377
00:18:16,799 --> 00:18:20,609
we're going to go a little closer. Okay,

378
00:18:20,609 --> 00:18:22,439
you can see what we have here. This is

379
00:18:22,439 --> 00:18:25,409
that Monday and Tuesday, we're going to

380
00:18:25,409 --> 00:18:28,799
pull up the range calling the low

381
00:18:29,729 --> 00:18:32,009
dropping our fib right on this high.

382
00:18:33,539 --> 00:18:36,959
Okay, so we have we've outlined our

383
00:18:36,959 --> 00:18:41,579
range here. Okay. And we also know that

384
00:18:44,069 --> 00:18:45,599
because the market has been moving

385
00:18:45,599 --> 00:18:47,069
lower, we're bullish, we're looking for

386
00:18:47,069 --> 00:18:49,469
buys okay. In this environment based on

387
00:18:49,469 --> 00:18:51,299
the daily timeframe, we will be looking

388
00:18:51,299 --> 00:18:53,339
for bullish scenarios. Okay.

389
00:18:55,500 --> 00:18:57,960
Okay, so we have our fib from the low

390
00:18:57,960 --> 00:18:58,410
here.

391
00:19:00,000 --> 00:19:00,960
Hi here

392
00:19:02,399 --> 00:19:03,929
just one more little quickie as you can

393
00:19:03,929 --> 00:19:04,259
see,

394
00:19:05,009 --> 00:19:06,329
we're looking at here's that Monday,

395
00:19:06,329 --> 00:19:11,279
low, Tuesday's high and markets finding

396
00:19:11,339 --> 00:19:14,099
lower prices and then we move into this

397
00:19:14,099 --> 00:19:16,349
is London open for that Wednesday on the

398
00:19:16,349 --> 00:19:19,439
second of October and then the New York

399
00:19:19,709 --> 00:19:22,769
open comes down raids those lows. Okay,

400
00:19:22,889 --> 00:19:25,199
see how clean that is. They're just

401
00:19:25,199 --> 00:19:27,689
about the same level here. And that's a

402
00:19:27,689 --> 00:19:30,299
real high suspect area the pocket of

403
00:19:30,299 --> 00:19:32,759
stuff will be resting Okay, or liquidity

404
00:19:32,759 --> 00:19:35,669
pocket. And then our liquidity pool

405
00:19:35,669 --> 00:19:38,879
rather and market comes down. raids that

406
00:19:38,879 --> 00:19:41,879
area here assumes all those pending

407
00:19:41,879 --> 00:19:44,069
orders. That would be what it would be

408
00:19:44,069 --> 00:19:45,869
sell orders. Okay, they would be sell

409
00:19:45,869 --> 00:19:47,639
orders. Because anyone who is trying to

410
00:19:47,639 --> 00:19:50,819
buy long in here, they're protecting in

411
00:19:50,819 --> 00:19:53,249
your mind by having a stop loss in the

412
00:19:53,249 --> 00:19:55,919
form of a sell stop. Because it's prices

413
00:19:55,919 --> 00:19:56,309
come down

414
00:19:56,309 --> 00:19:57,269
lower they want to be getting out the

415
00:19:57,269 --> 00:19:58,499
market that sell stop becomes

416
00:19:58,500 --> 00:20:00,540
a market order to do what sell To market

417
00:20:00,900 --> 00:20:01,950
who would be willing to take the other

418
00:20:01,950 --> 00:20:03,510
side of the trade? Those that are in the

419
00:20:03,510 --> 00:20:06,480
know. So we need to price down here then

420
00:20:06,480 --> 00:20:09,690
you saw that rally up. Here's what we

421
00:20:09,900 --> 00:20:12,900
want to do. We want to know when the

422
00:20:12,900 --> 00:20:15,510
second of October when price was

423
00:20:15,510 --> 00:20:18,870
dropping down, was there something over

424
00:20:18,870 --> 00:20:21,150
here? Okay that it was trying to

425
00:20:21,150 --> 00:20:26,820
fulfill? Well, if we go out to an hourly

426
00:20:26,820 --> 00:20:27,210
chart,

427
00:20:27,630 --> 00:20:29,550
here is the bearish candle

428
00:20:30,809 --> 00:20:32,189
prior to the bullish move up

429
00:20:33,690 --> 00:20:35,400
Okay, let's zoom in a little bit more.

430
00:20:35,700 --> 00:20:36,180
Okay.

431
00:20:44,579 --> 00:20:45,389
Go right there.

432
00:20:48,000 --> 00:20:48,780
So we have

433
00:20:53,339 --> 00:20:55,889
price coming down, touching

434
00:20:58,140 --> 00:20:59,940
that hourly order block

435
00:21:00,450 --> 00:21:02,520
Prior to that big move here on the 30th

436
00:21:03,210 --> 00:21:05,100
it moves higher here on that Tuesday and

437
00:21:05,100 --> 00:21:06,750
then we had the market receding down.

438
00:21:07,560 --> 00:21:09,150
Notice how price comes right down into

439
00:21:09,150 --> 00:21:11,790
that sweet spot as well. Okay, but does

440
00:21:11,820 --> 00:21:14,220
not violate the 75 cent treatment level

441
00:21:14,640 --> 00:21:16,110
comes right down to the order block

442
00:21:16,110 --> 00:21:17,910
here. Okay.

443
00:21:20,369 --> 00:21:22,079
Let's take this off,

444
00:21:22,950 --> 00:21:24,690
clean clearly see what I'm referring to.

445
00:21:25,140 --> 00:21:27,330
That's how precise it gets. Okay?

446
00:21:27,450 --> 00:21:28,710
So when price comes down, hits, that

447
00:21:28,710 --> 00:21:30,210
level starts to rally up.

448
00:21:31,770 --> 00:21:32,730
Now, here's where we're going to

449
00:21:32,730 --> 00:21:36,930
introduce the concept of the effective

450
00:21:36,960 --> 00:21:39,330
stop loss placement. Okay, let's go back

451
00:21:39,330 --> 00:21:43,830
down to the 15 minute timeframe. Okay,

452
00:21:44,250 --> 00:21:44,820
and

453
00:21:46,530 --> 00:21:47,820
we're going to show

454
00:21:50,609 --> 00:21:51,989
this is

455
00:21:58,859 --> 00:21:59,759
the whole

456
00:22:01,439 --> 00:22:02,939
London session

457
00:22:03,179 --> 00:22:05,279
open, not the whole session itself but

458
00:22:05,279 --> 00:22:05,909
the London open

459
00:22:06,599 --> 00:22:08,639
as defined by me.

460
00:22:10,859 --> 00:22:14,069
And here is

461
00:22:16,740 --> 00:22:18,360
the New York session

462
00:22:28,530 --> 00:22:32,220
is defined by me. Okay,

463
00:22:32,250 --> 00:22:35,220
and we're going to assume again, that

464
00:22:36,270 --> 00:22:37,230
all things

465
00:22:38,339 --> 00:22:40,079
that we discuss in this video series,

466
00:22:41,069 --> 00:22:43,439
we're favoring an area to be buying in

467
00:22:43,439 --> 00:22:43,739
here.

468
00:22:46,200 --> 00:22:47,160
We're going to

469
00:22:51,960 --> 00:22:52,890
highlight this

470
00:22:53,280 --> 00:22:54,750
area here again we're looking at this

471
00:22:54,750 --> 00:22:56,640
point here is the beginning of time and

472
00:22:56,640 --> 00:23:00,180
price. In this area, here is where We'd

473
00:23:00,180 --> 00:23:02,880
be looking all the way to the last

474
00:23:02,880 --> 00:23:06,510
portion of New York session. So what I

475
00:23:06,510 --> 00:23:08,160
do is it's this outside edge this

476
00:23:08,550 --> 00:23:11,310
rectangles right here. In the beginning

477
00:23:11,310 --> 00:23:13,740
of this rectangle age is approximately

478
00:23:13,740 --> 00:23:15,000
the beginning here. So what I've done

479
00:23:15,000 --> 00:23:16,830
was I've mapped out this whole area of

480
00:23:17,190 --> 00:23:20,910
where time and price are conducive for a

481
00:23:20,910 --> 00:23:23,700
buy. Okay, so now we're gonna take the

482
00:23:23,700 --> 00:23:24,420
fib off.

483
00:23:27,960 --> 00:23:30,570
And 135 10s are a nice round number.

484
00:23:32,280 --> 00:23:33,300
We're going to assume

485
00:23:34,260 --> 00:23:37,590
that this level here is what we traded.

486
00:23:38,220 --> 00:23:40,110
I'm not going to use this

487
00:23:40,139 --> 00:23:42,419
as the ideal scenario. Okay, so I'm

488
00:23:42,419 --> 00:23:44,489
going to show you how powerful this

489
00:23:44,489 --> 00:23:47,009
stuff is. And you don't need to be so

490
00:23:47,009 --> 00:23:50,069
precise. This whole area you've

491
00:23:50,069 --> 00:23:53,879
identified as a level of opportunity,

492
00:23:53,909 --> 00:23:55,619
okay, so this is a killing ground.

493
00:23:55,859 --> 00:23:57,659
Inside of kill zones. These are kill

494
00:23:57,659 --> 00:24:00,269
zones. This is a killing ground. Okay,

495
00:24:00,269 --> 00:24:01,799
this is an area where we restocking

496
00:24:01,829 --> 00:24:05,339
setup we don't look for any setups

497
00:24:05,339 --> 00:24:06,869
during this time period This is a dead

498
00:24:06,869 --> 00:24:08,969
low in the marketplace This is like

499
00:24:08,969 --> 00:24:11,579
quiet time you're gonna be trading in

500
00:24:11,579 --> 00:24:13,589
the New York open. I'm sorry the London

501
00:24:13,589 --> 00:24:16,289
open rather or the New York open but

502
00:24:17,369 --> 00:24:19,949
we're looking for this move for the

503
00:24:20,579 --> 00:24:22,799
weekly range to continue moving higher.

504
00:24:23,099 --> 00:24:24,809
So as the market moves from Tuesday's

505
00:24:24,809 --> 00:24:27,119
high down into Wednesday's London open,

506
00:24:27,539 --> 00:24:29,639
okay, this is an area where we would be

507
00:24:29,639 --> 00:24:31,289
hunting a setup. Okay?

508
00:24:33,059 --> 00:24:40,529
If we used this price

509
00:24:40,530 --> 00:24:42,960
level here is 135 seven.

510
00:24:43,290 --> 00:24:45,210
Let's assume for a moment, we traded at

511
00:24:45,210 --> 00:24:51,750
135 15 right in here, okay, nice little

512
00:24:51,750 --> 00:24:54,840
area. It's previous day's low in here in

513
00:24:54,840 --> 00:24:56,880
here. So we're going to use that as our

514
00:24:56,880 --> 00:24:59,160
entry point. Okay because dealing ranges

515
00:24:59,460 --> 00:24:59,970
and bank are

516
00:25:00,569 --> 00:25:02,459
Traders like to use previous day's highs

517
00:25:02,459 --> 00:25:02,939
and lows.

518
00:25:03,450 --> 00:25:04,830
We're going to assume from that we took

519
00:25:04,830 --> 00:25:07,440
that trade long in here in this

520
00:25:07,440 --> 00:25:09,960
consolidation little area in here. We

521
00:25:09,960 --> 00:25:10,710
went along there

522
00:25:13,349 --> 00:25:13,979
if

523
00:25:15,750 --> 00:25:16,590
we use

524
00:25:19,140 --> 00:25:20,520
let's get rid of this rectangle here.

525
00:25:25,470 --> 00:25:26,460
If we use

526
00:25:27,539 --> 00:25:31,409
30 pips as a stop, our stop would reside

527
00:25:31,409 --> 00:25:31,949
down here.

528
00:25:39,059 --> 00:25:43,319
Okay 134 86

529
00:25:43,349 --> 00:25:44,159
or there abouts.

530
00:25:44,280 --> 00:25:46,740
Okay? And our entry

531
00:25:52,410 --> 00:25:53,070
would be

532
00:25:54,869 --> 00:25:56,489
approximately, let's

533
00:25:56,850 --> 00:25:58,920
go down to where we said 135 15

534
00:26:03,929 --> 00:26:05,249
Okay, so we have

535
00:26:07,890 --> 00:26:09,030
our entry point

536
00:26:15,000 --> 00:26:17,130
and that's showing 20 pips

537
00:26:17,549 --> 00:26:18,659
I would need this to go

538
00:26:20,700 --> 00:26:22,650
a little bit deeper here

539
00:26:24,990 --> 00:26:29,850
and that's, that's why again I like to

540
00:26:29,850 --> 00:26:31,230
use 30 pips because

541
00:26:32,640 --> 00:26:33,600
let's look at this

542
00:26:35,700 --> 00:26:37,890
okay with this range okay

543
00:26:41,760 --> 00:26:43,500
from that low on that daily range Look

544
00:26:43,500 --> 00:26:45,660
how much of that daily range it consumes

545
00:26:45,900 --> 00:26:48,990
in terms of, you know, total daily range

546
00:26:49,650 --> 00:26:52,950
here look from this dailies Hi guys

547
00:26:52,950 --> 00:26:54,720
today Hi Look how much of that daily

548
00:26:54,720 --> 00:26:57,390
range Okay, it's consumed with that

549
00:26:57,390 --> 00:26:58,020
price most

550
00:26:58,110 --> 00:26:59,340
that magnitude of

551
00:26:59,339 --> 00:27:02,129
price Again, the low

552
00:27:02,400 --> 00:27:03,870
forming right here on that candle right

553
00:27:03,870 --> 00:27:04,800
there as to daily low.

554
00:27:05,520 --> 00:27:06,900
Look how much of that daily range has

555
00:27:06,900 --> 00:27:07,830
been consumed with 30

556
00:27:07,829 --> 00:27:08,339
pips.

557
00:27:08,640 --> 00:27:11,130
So if you combine,

558
00:27:11,520 --> 00:27:17,400
okay, if you're combining the the

559
00:27:17,400 --> 00:27:20,370
mechanics of entering the marketplace at

560
00:27:20,370 --> 00:27:23,730
a specific time during a specific

561
00:27:26,069 --> 00:27:28,589
kill zone like London or New York open

562
00:27:30,210 --> 00:27:32,790
specifically looking for the setup here

563
00:27:32,820 --> 00:27:34,830
even with this stop raid

564
00:27:34,890 --> 00:27:36,930
right there, okay,

565
00:27:37,049 --> 00:27:40,349
right there, you are not

566
00:27:40,709 --> 00:27:42,359
going to miss that opportunity to get

567
00:27:42,359 --> 00:27:42,839
along.

568
00:27:43,440 --> 00:27:46,710
You're not going to. Okay. So when you

569
00:27:46,710 --> 00:27:49,110
see this move price, stabbing down like

570
00:27:49,110 --> 00:27:51,000
this, okay, by having all these levels

571
00:27:51,000 --> 00:27:51,780
identified,

572
00:27:52,020 --> 00:27:53,340
you would at least

573
00:27:53,339 --> 00:27:54,929
be willing to see it trades down to that

574
00:27:54,929 --> 00:27:57,539
point here. And your stop loss isn't

575
00:27:57,629 --> 00:28:00,389
isn't triggered. You're still good chunk

576
00:28:00,389 --> 00:28:02,309
away in terms of pips, there's no

577
00:28:02,310 --> 00:28:03,630
reason for you to be fearful that

578
00:28:04,139 --> 00:28:11,039
Okay, so again 30 pips okay 30 pips. If

579
00:28:11,309 --> 00:28:14,249
you are timing your trade with one shot

580
00:28:14,249 --> 00:28:16,469
one kill looking for the choice days to

581
00:28:16,469 --> 00:28:17,849
be looking for the low to be forming

582
00:28:18,149 --> 00:28:21,209
Monday, Tuesday or Wednesday. Okay? Even

583
00:28:21,239 --> 00:28:23,759
with imperfection with your entry point,

584
00:28:24,089 --> 00:28:26,759
this is why you study pips. Okay? And

585
00:28:26,789 --> 00:28:28,379
for for those of you have already

586
00:28:28,409 --> 00:28:30,059
started thinking earlier on the video Oh

587
00:28:30,059 --> 00:28:31,709
look, he picked the most cherry picking

588
00:28:31,709 --> 00:28:33,599
scenario there is. Now I gave this

589
00:28:33,599 --> 00:28:35,399
scenario to show you how even when my

590
00:28:35,399 --> 00:28:38,969
tools did not give me the perfect entry,

591
00:28:39,149 --> 00:28:41,099
but still allow me to be involved in the

592
00:28:41,099 --> 00:28:44,759
marketplace. Okay. These lows in here,

593
00:28:44,969 --> 00:28:46,709
resting below that would be a nice area

594
00:28:46,859 --> 00:28:49,169
of stops. Okay, so it'd be a liquidity

595
00:28:49,169 --> 00:28:49,709
pool there.

596
00:28:50,010 --> 00:28:51,030
The market rallies up

597
00:28:51,030 --> 00:28:52,170
a little bit and comes right back down,

598
00:28:52,200 --> 00:28:55,890
takes those participants out. Okay, this

599
00:28:55,890 --> 00:28:57,540
is the trick the Judas swing in here to

600
00:28:57,540 --> 00:29:00,120
set that false move lower everyone would

601
00:29:00,120 --> 00:29:01,860
be chasing that prior to the move

602
00:29:01,860 --> 00:29:02,190
higher.

603
00:29:02,880 --> 00:29:04,260
Okay, so

604
00:29:05,279 --> 00:29:07,559
we have the London open in New York open

605
00:29:08,519 --> 00:29:09,329
by having that,

606
00:29:09,959 --> 00:29:10,739
that framework.

607
00:29:10,770 --> 00:29:11,850
Okay, we could be

608
00:29:11,939 --> 00:29:13,919
long in here looking for a move going

609
00:29:13,919 --> 00:29:16,979
into Friday. Okay, here's Thursdays

610
00:29:16,979 --> 00:29:21,149
trading that that week. And Friday does

611
00:29:21,149 --> 00:29:24,389
not make a higher high in here. But now

612
00:29:24,389 --> 00:29:27,329
let's go back to the stop loss, why and

613
00:29:27,329 --> 00:29:30,119
how we manage them. You're going to see

614
00:29:30,119 --> 00:29:32,939
why again, I use this specific example

615
00:29:32,939 --> 00:29:34,589
because again, it shows you how you get

616
00:29:34,589 --> 00:29:36,479
to the lions portion of the move, and

617
00:29:36,479 --> 00:29:38,309
you're not absolutely getting a low

618
00:29:38,339 --> 00:29:39,899
you're not absolutely getting a high.

619
00:29:40,079 --> 00:29:42,149
Okay, so now let's assume from what you

620
00:29:42,179 --> 00:29:43,889
went long in here, your stop loss

621
00:29:43,889 --> 00:29:46,949
obviously as we just detailed is down

622
00:29:46,949 --> 00:29:50,009
here. Okay. So by having this entry

623
00:29:50,009 --> 00:29:53,519
point, the market moves up. Okay, we're

624
00:29:53,519 --> 00:29:55,529
looking at a 15 minute timeframe. What

625
00:29:55,529 --> 00:29:57,269
you're going to look for are the swing

626
00:29:57,270 --> 00:29:57,930
lows

627
00:29:58,170 --> 00:29:59,640
on the 15 minute time frame.

628
00:30:00,000 --> 00:30:02,640
And you're gonna be looking at the most

629
00:30:02,970 --> 00:30:05,370
recent two as the market starts to move

630
00:30:05,370 --> 00:30:07,320
up. Okay, we took out the previous day's

631
00:30:07,320 --> 00:30:08,640
high here, right there,

632
00:30:09,030 --> 00:30:11,730
okay? So it's this swing low,

633
00:30:12,000 --> 00:30:13,500
and then when this swing low forms,

634
00:30:13,500 --> 00:30:15,720
okay, here's this one and this one. So

635
00:30:15,720 --> 00:30:17,250
now you can move your stop loss from

636
00:30:17,250 --> 00:30:21,060
134 85 up to this low here just a little

637
00:30:21,060 --> 00:30:21,600
bit below.

638
00:30:23,160 --> 00:30:24,990
Okay, so now

639
00:30:25,289 --> 00:30:32,069
by having that set up like that. So

640
00:30:32,069 --> 00:30:35,399
now, again, looking at how the market

641
00:30:35,399 --> 00:30:37,979
moves higher, this would be a nice

642
00:30:37,979 --> 00:30:40,499
level, take some profits, okay, but now

643
00:30:40,499 --> 00:30:42,239
we're going to be looking to preserve

644
00:30:42,269 --> 00:30:45,569
our open position. Okay. So if we took a

645
00:30:45,569 --> 00:30:47,129
portion of the trade off in this area

646
00:30:47,129 --> 00:30:48,809
here based on the previous day's high,

647
00:30:49,559 --> 00:30:52,049
nice reason to take it out, not all of

648
00:30:52,049 --> 00:30:54,959
the trade but some of it. Okay, we have

649
00:30:55,109 --> 00:30:56,579
when the market starts to move up and

650
00:30:56,579 --> 00:31:00,239
take out this high here, we have This

651
00:31:00,239 --> 00:31:02,849
low and this low, but now we have

652
00:31:04,170 --> 00:31:05,310
this swing low here,

653
00:31:05,670 --> 00:31:08,880
okay. So now you have this low and this

654
00:31:08,880 --> 00:31:13,740
low. So now you can move your stop up to

655
00:31:13,740 --> 00:31:17,340
just below this low. Okay, so over here

656
00:31:17,340 --> 00:31:19,530
your stop loss would be read about in

657
00:31:19,590 --> 00:31:22,680
this vicinity right here. Okay, market

658
00:31:22,680 --> 00:31:25,920
comes down comes down, does not read it.

659
00:31:26,160 --> 00:31:28,920
Okay, as the market starts to make a

660
00:31:28,920 --> 00:31:31,410
lower low here than this one here. Are

661
00:31:31,410 --> 00:31:34,380
you nervous? Probably are. But are you

662
00:31:34,380 --> 00:31:36,540
stopped out? No. So what do you follow

663
00:31:36,630 --> 00:31:39,390
the rules or your emotions, the rules,

664
00:31:39,660 --> 00:31:42,150
okay, so now, when the market starts to

665
00:31:42,150 --> 00:31:44,250
rally up here and takes out this high

666
00:31:44,250 --> 00:31:47,010
here, right on this candle here, you

667
00:31:47,010 --> 00:31:50,010
look at where we're at in terms of swing

668
00:31:50,010 --> 00:31:52,770
lows, we have this swing low in this

669
00:31:52,770 --> 00:31:55,560
swing low, which is the last of the most

670
00:31:55,560 --> 00:31:57,390
two reasons swing lows. It's this one

671
00:31:57,390 --> 00:31:58,830
here. So you would be able to move your

672
00:31:58,830 --> 00:31:59,580
stop loss

673
00:32:00,630 --> 00:32:02,460
Just below that one. Okay,

674
00:32:02,880 --> 00:32:04,860
so now as the market rallies up, okay,

675
00:32:04,890 --> 00:32:08,790
it starts to drip lower. And here we

676
00:32:08,790 --> 00:32:10,500
have not made any new higher highs,

677
00:32:10,980 --> 00:32:12,900
market eventually comes down and boom

678
00:32:12,960 --> 00:32:15,480
takes you right out. Right at your stop.

679
00:32:15,870 --> 00:32:17,910
Okay? And what happens as a result?

680
00:32:23,490 --> 00:32:24,450
Are you upset about it?

681
00:32:25,530 --> 00:32:28,350
No, you controlled your risk. Did you

682
00:32:28,350 --> 00:32:30,270
make money in this example?

683
00:32:30,660 --> 00:32:33,930
hypothetically you would have. Okay, so

684
00:32:33,930 --> 00:32:38,190
that's one example using the stop loss

685
00:32:38,250 --> 00:32:41,490
rules and applying the weekly ranges and

686
00:32:41,490 --> 00:32:41,940
such.

687
00:32:43,319 --> 00:32:44,729
Let's look at again,

688
00:32:45,420 --> 00:32:49,470
assuming we got in at 135 15 and you got

689
00:32:49,470 --> 00:32:51,270
stopped out on your whatever the balance

690
00:32:51,270 --> 00:32:53,220
would be. That's 66 pips. Do you

691
00:32:53,220 --> 00:32:54,450
remember at the beginning of this video

692
00:32:54,450 --> 00:32:57,690
series, we talked about how 30 to 50

693
00:32:57,690 --> 00:33:00,000
pips a week, you can build a career

694
00:33:00,000 --> 00:33:00,450
You're on.

695
00:33:01,230 --> 00:33:02,910
There's 60 pips

696
00:33:03,030 --> 00:33:04,230
laid, raise your feet Did you trade

697
00:33:04,230 --> 00:33:04,830
every single day?

698
00:33:04,890 --> 00:33:07,740
No. Did you? Did you beat your head

699
00:33:07,740 --> 00:33:08,880
against the wall trying to figure out

700
00:33:09,000 --> 00:33:10,950
where the next bat pattern is? Where the

701
00:33:10,950 --> 00:33:13,440
next crab pattern is? The next ICT

702
00:33:13,440 --> 00:33:16,770
reflection is No. Okay, you would have a

703
00:33:16,770 --> 00:33:18,780
clear cut routine that you would look

704
00:33:18,780 --> 00:33:21,870
for specifically, every single week, you

705
00:33:21,870 --> 00:33:23,070
should know what you're going to be

706
00:33:23,070 --> 00:33:23,670
looking for.

707
00:33:23,880 --> 00:33:25,230
Okay? Are you gonna be looking to be a

708
00:33:25,230 --> 00:33:25,650
buyer

709
00:33:25,859 --> 00:33:27,449
or a seller or sitting your hands,

710
00:33:27,809 --> 00:33:28,949
okay? Or are

711
00:33:28,949 --> 00:33:30,299
you preserving your capital because

712
00:33:30,299 --> 00:33:31,079
you're already in position.

713
00:33:31,770 --> 00:33:33,900
You're either managing, executing or

714
00:33:33,900 --> 00:33:34,470
singing.

715
00:33:34,890 --> 00:33:36,090
Simple, okay.

716
00:33:37,470 --> 00:33:39,630
Now, with all that

717
00:33:43,680 --> 00:33:48,120
the topic of daily ranges will be much,

718
00:33:48,120 --> 00:33:52,260
much more involved in the eighth

719
00:33:52,650 --> 00:33:54,090
installment of this series, because

720
00:33:54,090 --> 00:33:55,770
we're going to talk about the five day

721
00:33:55,830 --> 00:33:59,070
average daily range. We're just going to

722
00:33:59,070 --> 00:34:01,470
briefly mention it here. But I'm going

723
00:34:01,470 --> 00:34:04,290
to reserve a much more in depth

724
00:34:04,290 --> 00:34:06,600
discussion until the eighth video

725
00:34:06,600 --> 00:34:09,420
because I'm actually gonna have

726
00:34:10,230 --> 00:34:10,980
the tool

727
00:34:11,190 --> 00:34:13,170
released at the time I do the video

728
00:34:13,170 --> 00:34:14,100
upload as well so,

729
00:34:15,360 --> 00:34:16,590
but those of you don't have

730
00:34:17,310 --> 00:34:18,570
the five, the average

731
00:34:19,620 --> 00:34:21,600
daily range indicator for mt four,

732
00:34:22,320 --> 00:34:23,910
you'll be able to get it for free. I'll

733
00:34:23,910 --> 00:34:25,440
share it with you. That's the one you

734
00:34:25,440 --> 00:34:28,710
see me using in my videos. But

735
00:34:30,300 --> 00:34:33,420
regardless of what type of trader you

736
00:34:33,420 --> 00:34:35,640
are, okay, and we're gonna be talking

737
00:34:35,640 --> 00:34:39,600
about trade classifications Now, why is

738
00:34:39,600 --> 00:34:41,760
important? And what's the big deal?

739
00:34:41,790 --> 00:34:45,480
Okay, number one, if you are short term

740
00:34:45,480 --> 00:34:48,690
trading, okay. For instance, everything

741
00:34:48,690 --> 00:34:51,510
was bullish going into this week here.

742
00:34:52,110 --> 00:34:53,730
Maybe you saw this as a selling

743
00:34:53,730 --> 00:34:55,290
opportunity on the lower timeframe maybe

744
00:34:55,290 --> 00:34:56,610
this is an optimal trade entry that you

745
00:34:56,700 --> 00:34:59,250
you sold into. Okay in the market came

746
00:34:59,250 --> 00:35:01,680
down You're thinking, wow, I'm really

747
00:35:01,680 --> 00:35:03,360
smart. I'm making money. But all of a

748
00:35:03,360 --> 00:35:05,940
sudden you married a vein. The higher

749
00:35:05,940 --> 00:35:08,550
timeframe intermediate term trade setup,

750
00:35:08,700 --> 00:35:11,700
based on the daily timeframe suggests

751
00:35:11,700 --> 00:35:12,990
that this thing's going higher,

752
00:35:13,470 --> 00:35:15,000
technically, can it

753
00:35:15,210 --> 00:35:18,480
always unfold like that? No. Sometimes

754
00:35:18,480 --> 00:35:21,450
you're gonna have where the technicals

755
00:35:21,450 --> 00:35:23,250
suggest it may continue to go higher,

756
00:35:23,250 --> 00:35:24,660
but it doesn't do it. Okay. And that's

757
00:35:24,660 --> 00:35:26,730
when you get to climax reversals. We're

758
00:35:26,730 --> 00:35:29,070
not covering that in this series, it's

759
00:35:29,070 --> 00:35:30,390
important that you understand it. That's

760
00:35:30,390 --> 00:35:32,220
not what I'm trying to teach you here.

761
00:35:32,490 --> 00:35:34,320
I'm trying to teach you to trade within

762
00:35:34,740 --> 00:35:37,680
that big lines portion of the moose.

763
00:35:37,680 --> 00:35:39,750
That's all you need. You don't need to

764
00:35:39,750 --> 00:35:41,460
be specific highs and lows. You don't

765
00:35:41,460 --> 00:35:44,370
need that. Okay. So that's the powerful

766
00:35:44,520 --> 00:35:47,760
concepts coming through and bleeding out

767
00:35:47,760 --> 00:35:50,700
all the high end nervousness that is

768
00:35:50,820 --> 00:35:52,290
presented with traders to feel like they

769
00:35:52,290 --> 00:35:53,370
gotta catch the highs and lows you don't

770
00:35:53,370 --> 00:35:55,710
need to. Okay. Notice that this trade

771
00:35:55,710 --> 00:35:57,660
setup was not the load week. The load

772
00:35:57,660 --> 00:35:58,620
week was for no Monday.

773
00:35:59,010 --> 00:36:01,200
Okay. This was a nice move.

774
00:36:01,350 --> 00:36:02,760
I'm not going to argue with anybody that

775
00:36:02,760 --> 00:36:05,070
would be short this okay? Say you short

776
00:36:05,070 --> 00:36:06,510
it up in this area here around the ad.

777
00:36:07,200 --> 00:36:10,020
Come down here around. It's 60 pips.

778
00:36:10,440 --> 00:36:11,430
There's nothing wrong with that that's

779
00:36:11,430 --> 00:36:12,750
equivalent to what we would have made on

780
00:36:12,750 --> 00:36:15,000
this trade. So what? That's not your

781
00:36:15,000 --> 00:36:15,570
trade.

782
00:36:16,140 --> 00:36:17,400
That's not your

783
00:36:17,490 --> 00:36:19,350
trade. And that's how you look at it.

784
00:36:19,770 --> 00:36:21,090
guys can come on the forums all day

785
00:36:21,090 --> 00:36:22,920
long. I took this trade and I took that,

786
00:36:23,220 --> 00:36:25,020
who cares, you can't make any money on

787
00:36:25,020 --> 00:36:27,060
that trade. And you can't lose any money

788
00:36:27,060 --> 00:36:29,760
on either. You can't gain any glory. And

789
00:36:29,760 --> 00:36:31,260
you can't swallow any pride over either.

790
00:36:31,710 --> 00:36:33,120
So with differences in make,

791
00:36:33,810 --> 00:36:34,380
while it's

792
00:36:34,500 --> 00:36:36,660
it educational, and inspiring to see

793
00:36:36,660 --> 00:36:40,170
other people's results, do not assume

794
00:36:40,170 --> 00:36:41,250
that that should have been traded, you

795
00:36:41,250 --> 00:36:43,740
should have thought Why did you do the

796
00:36:43,740 --> 00:36:45,300
homework on that trade going into it?

797
00:36:45,540 --> 00:36:46,680
Because if you didn't do it's not your

798
00:36:46,680 --> 00:36:49,710
trade, okay? So keep that in mind. You

799
00:36:49,710 --> 00:36:53,640
have no reason, no reason whatsoever to

800
00:36:53,640 --> 00:36:55,440
worry about what the next guy is doing?

801
00:36:55,530 --> 00:36:55,860
None.

802
00:36:56,790 --> 00:36:57,960
Okay, so

803
00:37:00,000 --> 00:37:02,400
That's why the average daily range is

804
00:37:02,550 --> 00:37:05,550
going to be crucial to us in the eighth

805
00:37:05,550 --> 00:37:06,660
video, but for now we're just gonna

806
00:37:06,660 --> 00:37:07,500
understand that we're going to have to

807
00:37:07,500 --> 00:37:09,630
learn to take something off regardless

808
00:37:09,660 --> 00:37:12,540
of what type of trader we're trading

809
00:37:12,540 --> 00:37:14,010
within either intermediate term,

810
00:37:15,660 --> 00:37:16,500
short term,

811
00:37:17,040 --> 00:37:20,100
day trade or scalping. But if you are

812
00:37:20,100 --> 00:37:22,110
marrying the vein here and looking to be

813
00:37:22,110 --> 00:37:24,270
a seller on this Tuesday, with an

814
00:37:24,270 --> 00:37:26,040
overall higher level intermediate term

815
00:37:26,040 --> 00:37:28,740
bullishness on your way, you will marry

816
00:37:28,740 --> 00:37:30,720
this vein here and you'll if you don't

817
00:37:30,720 --> 00:37:32,490
manage your stops, right, okay, you can

818
00:37:32,490 --> 00:37:34,890
get killed. Okay, look at that, man, it

819
00:37:34,890 --> 00:37:35,970
didn't take very long for this market

820
00:37:35,970 --> 00:37:37,230
come back up to that high here.

821
00:37:38,100 --> 00:37:39,150
Okay, so

822
00:37:39,930 --> 00:37:41,340
all those folks that were shorting here

823
00:37:41,340 --> 00:37:43,680
and didn't use proper trade management,

824
00:37:43,950 --> 00:37:46,530
okay, and risk controls in preserving

825
00:37:46,530 --> 00:37:49,860
capital and taking profits as the market

826
00:37:49,860 --> 00:37:52,350
moves lower. If you were thinking get in

827
00:37:52,350 --> 00:37:54,360
I'm gonna get out all my profit at my

828
00:37:54,360 --> 00:37:56,100
target. That's it. It's either all or

829
00:37:56,100 --> 00:37:57,780
nothing. Well, guess what you boom, you

830
00:37:57,780 --> 00:38:00,600
got nothing. Okay, that's With this

831
00:38:00,600 --> 00:38:02,250
video is going to be dealing with why

832
00:38:02,250 --> 00:38:03,750
it's important for you to take something

833
00:38:03,780 --> 00:38:05,970
off, because you're never going to be

834
00:38:05,970 --> 00:38:08,310
100%. As long as I've been doing this

835
00:38:08,400 --> 00:38:11,100
almost 20 years, I'm not always right.

836
00:38:11,760 --> 00:38:13,470
I'm not always right to where it's going

837
00:38:13,470 --> 00:38:16,800
to go to. Okay, so I work within a 75 to

838
00:38:16,800 --> 00:38:18,750
80% range of what I think the move is

839
00:38:18,750 --> 00:38:20,370
going to do a drop back down to about

840
00:38:20,400 --> 00:38:23,010
80%, sometimes even 70% of what I expect

841
00:38:23,010 --> 00:38:25,170
to see in terms of magnitude moving

842
00:38:25,170 --> 00:38:26,580
higher or lower. And that's what I'm

843
00:38:26,580 --> 00:38:28,350
trying to get to. I'll let the rest of

844
00:38:28,350 --> 00:38:29,760
these guys out to beat their chests and

845
00:38:29,760 --> 00:38:31,050
say, Look, man, I got all the move.

846
00:38:31,170 --> 00:38:35,130
Good. I applaud you. But over time, you

847
00:38:35,130 --> 00:38:37,740
will not be doing that. I guarantee you,

848
00:38:37,740 --> 00:38:39,600
you will not be doing it. So don't go

849
00:38:39,600 --> 00:38:41,100
into this game thinking that that's what

850
00:38:41,100 --> 00:38:41,760
you should be doing.

851
00:38:41,940 --> 00:38:43,290
Okay. So now

852
00:38:44,310 --> 00:38:46,830
with the five day average daily range

853
00:38:46,860 --> 00:38:48,150
mentioned briefly that you should be

854
00:38:48,150 --> 00:38:49,350
always trying to take some profit off

855
00:38:49,350 --> 00:38:49,650
there.

856
00:38:49,980 --> 00:38:51,750
Okay, let's talk about

857
00:38:52,170 --> 00:38:54,930
multiple timeframe trading. Okay,

858
00:38:54,930 --> 00:38:57,240
multiple timeframe trading. Again, we

859
00:38:57,240 --> 00:38:59,280
discussed obviously the daily chart is

860
00:38:59,850 --> 00:39:01,440
you Use for intermediate term trading

861
00:39:01,680 --> 00:39:05,310
okay or swing trading. Then you have the

862
00:39:05,310 --> 00:39:07,830
short term trading which is classified

863
00:39:08,040 --> 00:39:10,230
and the analysis is done with a four

864
00:39:10,230 --> 00:39:13,860
hour chart. Then you have the day trades

865
00:39:13,860 --> 00:39:16,530
that are arrived by analysis on the one

866
00:39:16,530 --> 00:39:19,080
hour chart and then anything at 15

867
00:39:19,080 --> 00:39:21,570
minutes or five minutes is obviously

868
00:39:21,600 --> 00:39:22,290
scalping.

869
00:39:22,499 --> 00:39:23,849
Okay. So,

870
00:39:24,509 --> 00:39:25,949
when I say scalping, I'm not talking

871
00:39:25,949 --> 00:39:27,839
three pips and five pips and six pips

872
00:39:27,839 --> 00:39:29,369
that's not that that to me. That's

873
00:39:29,669 --> 00:39:33,359
that's goober trading. Okay, if you

874
00:39:33,359 --> 00:39:34,499
can't at least make

875
00:39:35,099 --> 00:39:37,589
15 to 20 pips on the setup.

876
00:39:37,979 --> 00:39:40,619
Don't even do it. Okay, now I want How

877
00:39:40,619 --> 00:39:42,749
am I saying, if you can't make, there's

878
00:39:42,749 --> 00:39:43,829
no guarantee that anything's gonna

879
00:39:43,829 --> 00:39:45,749
unfold it says like, reward or risk,

880
00:39:45,749 --> 00:39:47,009
there's no guarantee that those things

881
00:39:47,039 --> 00:39:49,469
are panning out. But if you don't at

882
00:39:49,469 --> 00:39:51,959
least plan to hold trade to make at

883
00:39:51,959 --> 00:39:54,209
least 15 to 20 pips, if it moves

884
00:39:54,209 --> 00:39:57,359
favorable for you, then it should not be

885
00:39:57,359 --> 00:39:59,369
taken as a trade. That's just the way I

886
00:39:59,369 --> 00:40:01,409
look at it. You may argue with you and

887
00:40:01,409 --> 00:40:03,089
say, you know, I won't I can make 10

888
00:40:03,089 --> 00:40:05,489
pips 20 times a day. Great, then you're

889
00:40:05,489 --> 00:40:07,319
a good trader, and I'll leave it there.

890
00:40:07,589 --> 00:40:09,659
But you're watching this video wanting

891
00:40:09,659 --> 00:40:11,759
to know what I do, not necessarily

892
00:40:11,759 --> 00:40:14,039
having to have to do it. But I look at

893
00:40:14,039 --> 00:40:15,149
the market where if I can't make at

894
00:40:15,149 --> 00:40:17,399
least 15 and 20 pips, or at least

895
00:40:17,399 --> 00:40:18,839
willing to hold it in that in that

896
00:40:18,839 --> 00:40:20,849
magnitude of pips, I'm not taking the

897
00:40:20,849 --> 00:40:24,149
trade, okay. And that's usually where

898
00:40:24,149 --> 00:40:26,129
I'm using trying to either take

899
00:40:26,129 --> 00:40:27,719
something off the trade or aggressively

900
00:40:27,719 --> 00:40:29,429
move the stop up to even more taking

901
00:40:29,429 --> 00:40:30,749
some of the risk off at least.

902
00:40:31,530 --> 00:40:32,040
So now,

903
00:40:32,880 --> 00:40:34,620
because we classified the trade in terms

904
00:40:34,620 --> 00:40:37,440
of intermediate term, short term, day

905
00:40:37,440 --> 00:40:40,260
trades and scalping, we have to also

906
00:40:40,260 --> 00:40:41,460
understand that there is a

907
00:40:41,520 --> 00:40:44,490
classification for trading in sync and

908
00:40:44,520 --> 00:40:47,250
out of sync. Okay. And what what do I

909
00:40:47,250 --> 00:40:50,160
mean by that? Well, the two higher time

910
00:40:50,160 --> 00:40:52,500
frames which is the daily and four hour,

911
00:40:52,770 --> 00:40:55,680
if you're trading in those timeframe

912
00:40:55,680 --> 00:40:57,660
directional premise, then you are

913
00:40:57,660 --> 00:40:59,850
classified as trading in sync regardless

914
00:40:59,850 --> 00:41:02,250
of What timeframe you're trading. Now,

915
00:41:02,490 --> 00:41:05,940
you can trade counter trend or counter

916
00:41:05,940 --> 00:41:07,740
sync if you were out of sync rather,

917
00:41:09,059 --> 00:41:10,769
as a day trader and a scalper,

918
00:41:11,249 --> 00:41:13,079
okay, we can actually short term trade,

919
00:41:13,439 --> 00:41:15,959
you know, counter, the higher time

920
00:41:15,959 --> 00:41:17,219
frame, okay, but you got to be very,

921
00:41:17,219 --> 00:41:19,169
very nimble doing that. So I'm not going

922
00:41:19,169 --> 00:41:20,789
to advocate doing that in this video

923
00:41:20,789 --> 00:41:22,619
series, but you see me a lot of times in

924
00:41:22,619 --> 00:41:25,349
my market reviews or my trade recaps

925
00:41:25,379 --> 00:41:29,069
that I do on YouTube. It may go against

926
00:41:29,069 --> 00:41:30,329
what the higher time frames are saying,

927
00:41:30,419 --> 00:41:31,679
but I'm still netting

928
00:41:31,950 --> 00:41:32,640
pips.

929
00:41:33,510 --> 00:41:36,720
That comes with experience, okay. I do

930
00:41:36,720 --> 00:41:38,220
it just to show you that you can make

931
00:41:38,220 --> 00:41:40,710
money without a directional premise or

932
00:41:40,710 --> 00:41:44,520
bias, but it's better for your trades if

933
00:41:44,520 --> 00:41:46,320
you're trading in sync with that daily

934
00:41:46,320 --> 00:41:48,570
and or for our timeframes.

935
00:41:48,720 --> 00:41:50,040
Okay? So,

936
00:41:50,220 --> 00:41:53,100
if you're day trading in sync, that

937
00:41:53,100 --> 00:41:54,480
means you're gonna be if the higher

938
00:41:54,480 --> 00:41:56,550
timeframe daily or for our bullish than

939
00:41:56,550 --> 00:41:58,500
your day trades. If you're a buyer, then

940
00:41:58,500 --> 00:42:00,450
you're trading in sync. Okay. Remember

941
00:42:00,450 --> 00:42:02,700
that if you're selling

942
00:42:03,480 --> 00:42:06,870
in a day trade or scalping short, while

943
00:42:06,870 --> 00:42:09,180
the daily and or four hour are bullish,

944
00:42:09,420 --> 00:42:11,610
okay, you are out of sync, okay, or your

945
00:42:11,610 --> 00:42:15,660
counter trend trading. That's very, very

946
00:42:15,660 --> 00:42:19,020
important rule to understand in terms of

947
00:42:19,020 --> 00:42:20,880
your analysis. Because if you can't

948
00:42:21,690 --> 00:42:22,890
generically

949
00:42:23,220 --> 00:42:26,070
define your market environments like

950
00:42:26,070 --> 00:42:27,480
that, or you're trading within the

951
00:42:27,480 --> 00:42:28,290
current environment,

952
00:42:29,550 --> 00:42:31,320
in my opinion, you're trading in the

953
00:42:31,320 --> 00:42:31,800
dark,

954
00:42:32,039 --> 00:42:35,249
okay? You will not be rule based, you'll

955
00:42:35,249 --> 00:42:35,669
be

956
00:42:36,060 --> 00:42:37,980
seeing moves like this in here.

957
00:42:38,010 --> 00:42:39,030
It's really dropping off fairly

958
00:42:39,030 --> 00:42:40,140
handsomely. And you're gonna think, Wow,

959
00:42:40,140 --> 00:42:41,130
it's gonna probably come down here

960
00:42:41,130 --> 00:42:43,620
deeper. Well, it may not, as you see

961
00:42:43,620 --> 00:42:44,970
here, it doesn't and then starts to

962
00:42:45,000 --> 00:42:46,290
rally, you know the other way and it's

963
00:42:46,290 --> 00:42:48,540
very demoralizing if you haven't taken

964
00:42:48,540 --> 00:42:51,210
some profits off as the market moves

965
00:42:51,210 --> 00:42:52,590
lower. And if you didn't even adjust

966
00:42:52,590 --> 00:42:54,420
your stop, the guys want to sell up here

967
00:42:54,420 --> 00:42:55,470
and I'm going to keep my stop here and

968
00:42:55,470 --> 00:42:57,840
take all or nothing. Well got nothing

969
00:42:57,840 --> 00:42:59,250
again for the time and effort you put

970
00:42:59,250 --> 00:43:02,400
into the market. It's important that you

971
00:43:02,400 --> 00:43:05,850
have something out, take something off

972
00:43:05,850 --> 00:43:07,830
the trade, okay? It doesn't make a

973
00:43:07,830 --> 00:43:10,710
difference. If it was 20 bucks, you got

974
00:43:10,710 --> 00:43:12,750
20 bucks, it's 20 more dollars than you

975
00:43:12,750 --> 00:43:14,580
had before you put the trade on, okay?

976
00:43:15,900 --> 00:43:17,310
I used to be,

977
00:43:17,789 --> 00:43:19,769
I'm going to get my exit, or I'm going

978
00:43:19,769 --> 00:43:20,819
to get stopped out and that's just the

979
00:43:20,819 --> 00:43:25,349
way it is. And man, I got chewed up it

980
00:43:25,349 --> 00:43:27,179
you just can't do that as a developing

981
00:43:27,179 --> 00:43:28,799
trader because number one, your mind's

982
00:43:28,799 --> 00:43:31,499
not going to let you do it. Okay, you're

983
00:43:31,499 --> 00:43:32,759
going to start saying, Well, you know,

984
00:43:32,759 --> 00:43:34,259
took this many losses, I'm gonna be

985
00:43:34,289 --> 00:43:35,969
overtrading I'm gonna take more trades

986
00:43:35,969 --> 00:43:38,399
now. I'm going to widen my stop because

987
00:43:38,399 --> 00:43:41,069
I know I'm right. Or I'm going to be

988
00:43:41,069 --> 00:43:43,139
buying more and over leveraging, okay,

989
00:43:43,139 --> 00:43:44,249
and I'm gonna get out sooner than I

990
00:43:44,249 --> 00:43:45,869
should, because I just need to get that

991
00:43:45,869 --> 00:43:48,599
money back and just causes all kinds of

992
00:43:48,599 --> 00:43:51,089
havoc emotionally and psychologically.

993
00:43:51,389 --> 00:43:53,099
And then you forget about what you're

994
00:43:53,099 --> 00:43:54,599
supposed to be doing, because you're

995
00:43:54,599 --> 00:43:58,109
focusing too much on the pain. Okay? So

996
00:43:58,379 --> 00:44:00,659
by having these rules in place, helps

997
00:44:00,659 --> 00:44:02,459
you define what it is specifically you

998
00:44:02,459 --> 00:44:04,289
should be doing. And that alone

999
00:44:04,410 --> 00:44:05,940
is what your focus should be. Because

1000
00:44:05,940 --> 00:44:07,080
think about if your

1001
00:44:07,320 --> 00:44:09,480
perspective is limited to just just

1002
00:44:09,480 --> 00:44:11,310
those things, do you have time to be

1003
00:44:11,310 --> 00:44:12,810
worrying about where it's going to go to

1004
00:44:12,810 --> 00:44:14,970
if you already have a stoploss defined,

1005
00:44:15,630 --> 00:44:17,520
either going to watch your six and

1006
00:44:17,520 --> 00:44:19,500
collapse 50% of the trade, or you're

1007
00:44:19,500 --> 00:44:21,210
going to go go down into your stop,

1008
00:44:21,660 --> 00:44:23,820
period. That's it. What's the worry

1009
00:44:23,820 --> 00:44:26,190
about? If you're worrying is because you

1010
00:44:26,190 --> 00:44:27,900
probably put too much on the trade, or

1011
00:44:27,900 --> 00:44:30,540
you probably been trading too much. It's

1012
00:44:30,570 --> 00:44:33,510
just that simple guys, but we want to

1013
00:44:33,720 --> 00:44:36,270
over analyze it and blame something else

1014
00:44:36,300 --> 00:44:38,730
outside of us. Okay, I get a million

1015
00:44:38,730 --> 00:44:42,450
emails asking what it is that makes me

1016
00:44:42,450 --> 00:44:43,710
do the wrong things. Well, and

1017
00:44:43,710 --> 00:44:46,290
apparently that's human nature. We've

1018
00:44:46,290 --> 00:44:48,600
said this earlier. If you see a sign on

1019
00:44:48,600 --> 00:44:50,310
the lawn says don't walk on the grass.

1020
00:44:50,340 --> 00:44:51,870
What do you invariably want to do? As a

1021
00:44:51,870 --> 00:44:53,310
kid if you have children, my kids want

1022
00:44:53,310 --> 00:44:54,960
to go all the time. Don't touch wet

1023
00:44:54,960 --> 00:44:56,220
paint, man. They got paint all over

1024
00:44:56,220 --> 00:44:56,610
hands

1025
00:44:57,180 --> 00:44:58,980
off guys because it's got paint all over

1026
00:44:58,980 --> 00:44:59,070
it.

1027
00:44:59,460 --> 00:45:02,250
Okay, there. New Nikes boom, it's got

1028
00:45:02,250 --> 00:45:03,930
that new stain that was on the picnic

1029
00:45:03,930 --> 00:45:05,250
table that we were going to the park and

1030
00:45:05,250 --> 00:45:06,630
says don't touch this. It's got wet

1031
00:45:06,630 --> 00:45:08,880
paint, got little rope around it. Okay,

1032
00:45:08,880 --> 00:45:09,960
well, they're going to go through the

1033
00:45:09,960 --> 00:45:12,000
rope, cross the red tape, if you will,

1034
00:45:12,000 --> 00:45:15,060
to the hazard warning, and they're going

1035
00:45:15,060 --> 00:45:16,350
to do the very thing that you're not

1036
00:45:16,350 --> 00:45:18,630
supposed to do. Okay, that's human

1037
00:45:18,630 --> 00:45:21,510
nature. So that gets back to are you

1038
00:45:21,510 --> 00:45:23,490
going to be a rule based individual

1039
00:45:23,520 --> 00:45:25,050
because if you can't follow rules,

1040
00:45:25,050 --> 00:45:26,880
you're not going to do well with this

1041
00:45:26,880 --> 00:45:29,670
business. You have to be you have to be

1042
00:45:29,670 --> 00:45:33,450
disciplined and have it defined very,

1043
00:45:33,570 --> 00:45:36,930
very clearly what it is specifically

1044
00:45:36,930 --> 00:45:39,030
that you should be doing if your trade

1045
00:45:39,090 --> 00:45:42,780
plan is very detailed. One can argue I

1046
00:45:42,780 --> 00:45:45,120
have too many moving parts in my in my

1047
00:45:45,180 --> 00:45:47,310
plan, okay. I don't have a whole whole

1048
00:45:47,310 --> 00:45:48,990
lot of moving parts in my trading plan.

1049
00:45:49,050 --> 00:45:50,370
I have a whole lot of moving parts and

1050
00:45:50,370 --> 00:45:51,930
my understanding how the markets

1051
00:45:51,930 --> 00:45:54,030
themselves work. That's why I'm so

1052
00:45:54,030 --> 00:45:57,180
effective. That's why my analysis before

1053
00:45:57,180 --> 00:45:58,770
it happens, is so accurate

1054
00:45:59,280 --> 00:46:01,710
every day That's the, that's the premise

1055
00:46:01,950 --> 00:46:03,630
to why I'm doing these things. So I'm

1056
00:46:03,630 --> 00:46:03,840
going to

1057
00:46:04,200 --> 00:46:05,430
communicate that to you.

1058
00:46:06,330 --> 00:46:08,250
You can do these things, but

1059
00:46:08,250 --> 00:46:10,140
it's going to take time for you to

1060
00:46:10,230 --> 00:46:12,030
overcome the you.

1061
00:46:12,570 --> 00:46:13,800
Okay? So

1062
00:46:16,109 --> 00:46:17,549
by having a classification of your

1063
00:46:17,549 --> 00:46:19,379
trades and understand what your trading

1064
00:46:19,379 --> 00:46:21,329
and why you're trading, it will help you

1065
00:46:21,329 --> 00:46:22,859
define where you're going to take

1066
00:46:22,859 --> 00:46:25,679
profits at. Okay? So avoid that I'm

1067
00:46:25,679 --> 00:46:28,439
getting all of my maximum profit. Don't

1068
00:46:28,439 --> 00:46:30,269
do that. Okay? Because first of all,

1069
00:46:30,269 --> 00:46:31,619
you're not gonna be right more

1070
00:46:31,650 --> 00:46:34,140
times in you think you are, and

1071
00:46:35,520 --> 00:46:37,410
you just want to pay yourself something.

1072
00:46:37,590 --> 00:46:39,480
Okay? And having that mindset that I'm

1073
00:46:39,480 --> 00:46:41,580
going to have a maximum profit always

1074
00:46:41,610 --> 00:46:42,420
because think about when you first

1075
00:46:42,420 --> 00:46:44,310
started, you got in there, you looked at

1076
00:46:44,310 --> 00:46:44,820
the charts.

1077
00:46:44,970 --> 00:46:46,170
What are you calculating me? I'm gonna

1078
00:46:46,170 --> 00:46:47,370
make 20 pips a day I could do

1079
00:46:47,370 --> 00:46:48,420
this, this, this this and all of a

1080
00:46:48,420 --> 00:46:49,530
sudden, in nine months, you're

1081
00:46:49,530 --> 00:46:51,810
millionaire. One five an hour training

1082
00:46:51,810 --> 00:46:54,270
camp. It doesn't work like that, guys.

1083
00:46:54,390 --> 00:46:56,940
It does not work like that. You have to

1084
00:46:57,390 --> 00:46:59,850
overcome a whole lot of internal things.

1085
00:47:00,000 --> 00:47:01,980
Before these charts ever do anything for

1086
00:47:01,980 --> 00:47:04,680
you, so the way you grind that out is

1087
00:47:04,740 --> 00:47:07,080
begin with a rule based system. Okay?

1088
00:47:07,110 --> 00:47:09,090
And the more rules

1089
00:47:09,120 --> 00:47:10,110
you have that are

1090
00:47:10,110 --> 00:47:12,900
clearly defined, the less room there is

1091
00:47:12,900 --> 00:47:15,840
for emotional, fear based and greed

1092
00:47:15,840 --> 00:47:18,930
based trading. It's just that simple.

1093
00:47:19,260 --> 00:47:22,440
Okay, so now let's move on and take a

1094
00:47:22,440 --> 00:47:26,970
look at the ICT split gain ratios.

1095
00:47:30,780 --> 00:47:31,560
Okay, guys,

1096
00:47:31,890 --> 00:47:32,910
we're gonna be looking at the

1097
00:47:32,940 --> 00:47:35,460
intermediate term ratios. Now, what is a

1098
00:47:35,460 --> 00:47:39,840
split gain ratio? Well, it's, it's

1099
00:47:39,840 --> 00:47:41,040
something I've just really just

1100
00:47:41,040 --> 00:47:44,010
classified just for teaching purposes,

1101
00:47:44,160 --> 00:47:47,400
because I don't have any real specific I

1102
00:47:47,400 --> 00:47:49,530
do this every single time. I don't, I

1103
00:47:49,530 --> 00:47:51,780
don't have that. Okay, so, I'm giving

1104
00:47:51,780 --> 00:47:54,030
you these ideas to stimulate your

1105
00:47:54,030 --> 00:47:56,310
decision making in your own trading.

1106
00:47:56,340 --> 00:47:58,350
Okay? So don't think for a minute that

1107
00:47:58,350 --> 00:48:00,600
this is always going to unfold. Exactly

1108
00:48:00,600 --> 00:48:02,820
like this, there just obviously means

1109
00:48:02,820 --> 00:48:05,580
for you to stimulate your decision

1110
00:48:05,580 --> 00:48:07,920
making. And you can come up with your

1111
00:48:07,920 --> 00:48:09,960
own way of using these as examples,

1112
00:48:10,110 --> 00:48:12,150
okay, to arrive at what you're most

1113
00:48:12,150 --> 00:48:14,370
comfortable doing. Okay? And the only

1114
00:48:14,370 --> 00:48:15,540
way you're going to learn which one

1115
00:48:15,540 --> 00:48:16,770
you're comfortable doing is by just

1116
00:48:16,770 --> 00:48:18,840
simply jumping in the pool and joining

1117
00:48:18,840 --> 00:48:24,330
it, okay. So an intermediate term ratio,

1118
00:48:24,540 --> 00:48:27,930
okay? would be, how am I going to take

1119
00:48:27,960 --> 00:48:32,040
my profits? Okay, assuming that you have

1120
00:48:32,580 --> 00:48:37,560
$100,000 leverage in a trade and

1121
00:48:37,560 --> 00:48:39,120
leverage you have what we consider a

1122
00:48:39,120 --> 00:48:42,930
standard lot in the Euro, that would be

1123
00:48:42,990 --> 00:48:44,940
$100,000.

1124
00:48:45,600 --> 00:48:46,140
But

1125
00:48:46,470 --> 00:48:49,530
each PIP is going to be worth $10 per

1126
00:48:49,590 --> 00:48:52,140
movement up or down, gain or loss out of

1127
00:48:52,140 --> 00:48:52,260
your

1128
00:48:52,260 --> 00:48:52,680
account.

1129
00:48:54,180 --> 00:48:56,130
In this example, okay for me eternal

1130
00:48:56,130 --> 00:49:00,210
ratios if you are in sync trading The

1131
00:49:00,210 --> 00:49:02,430
higher timeframe daily and or for our

1132
00:49:02,430 --> 00:49:04,620
directional premise, okay? You could

1133
00:49:04,620 --> 00:49:08,010
take your profits in stages of

1134
00:49:09,420 --> 00:49:13,020
20 2020 2020. Okay, in other words out

1135
00:49:13,020 --> 00:49:16,800
of 100% of that total position, okay,

1136
00:49:17,310 --> 00:49:22,290
you could take 2000 have leverage off at

1137
00:49:22,290 --> 00:49:24,390
your first target at your second target

1138
00:49:24,390 --> 00:49:26,340
to get over 2000 of leverage off taken

1139
00:49:26,340 --> 00:49:28,860
out 2000 off the third target, fourth,

1140
00:49:29,220 --> 00:49:29,910
and final

1141
00:49:29,940 --> 00:49:32,460
fifth. Okay, that's the

1142
00:49:34,320 --> 00:49:35,910
like an ideal scenario, if you want to

1143
00:49:35,910 --> 00:49:39,120
scale off in five position, exit points,

1144
00:49:39,720 --> 00:49:40,950
fives a whole lot.

1145
00:49:41,939 --> 00:49:43,649
But again, we're talking about in return

1146
00:49:43,649 --> 00:49:46,439
trading. So you could take that first 20

1147
00:49:47,189 --> 00:49:47,729
off

1148
00:49:48,840 --> 00:49:50,400
at the average daily range for that

1149
00:49:50,400 --> 00:49:51,750
particular day you took the trade on,

1150
00:49:52,050 --> 00:49:54,480
okay, and then the next 20 could come

1151
00:49:54,480 --> 00:49:58,470
off at a previous daily high or a intra

1152
00:49:58,470 --> 00:50:00,240
week high and then the next Next one

1153
00:50:00,240 --> 00:50:02,460
could be a monthly high. Or we could

1154
00:50:02,460 --> 00:50:06,450
start looking at Fibonacci 127 and 162

1155
00:50:06,540 --> 00:50:09,450
extensions. Okay, any one of those

1156
00:50:09,450 --> 00:50:11,790
things could be applied here. Okay, but

1157
00:50:11,790 --> 00:50:14,460
it's a matter of how much am I taking

1158
00:50:14,460 --> 00:50:17,490
off. If you're going to take out for

1159
00:50:17,910 --> 00:50:22,110
scaling, you could do 2525 25 and 25.

1160
00:50:22,740 --> 00:50:24,690
But where you're taking those profits

1161
00:50:24,690 --> 00:50:30,810
at, okay, you're taking 20 $500 of the

1162
00:50:30,810 --> 00:50:31,590
hundred thousand that you

1163
00:50:31,590 --> 00:50:32,220
put the trade on

1164
00:50:32,220 --> 00:50:36,570
at, at logical levels of profit taking

1165
00:50:37,500 --> 00:50:39,420
old highs, old lows.

1166
00:50:40,530 --> 00:50:43,470
Fibonacci extensions, okay. Previous

1167
00:50:43,470 --> 00:50:45,990
range retracements. In other words, like

1168
00:50:46,350 --> 00:50:51,660
a move say this this high here down to

1169
00:50:51,660 --> 00:50:54,330
this low as price moves up into what

1170
00:50:54,330 --> 00:50:54,870
would be considered

1171
00:50:54,870 --> 00:50:56,970
the 79% retracement level here. If you

1172
00:50:56,970 --> 00:50:58,740
were long back in here, you'd be looking

1173
00:50:58,740 --> 00:51:00,960
to take some profits in here. Okay, and

1174
00:51:00,960 --> 00:51:02,280
then obviously if it gets to this level

1175
00:51:02,280 --> 00:51:05,070
here, we could take profits there as

1176
00:51:05,070 --> 00:51:07,830
well. And then price starts to retrace.

1177
00:51:08,250 --> 00:51:10,650
Okay, assuming that we were able to, you

1178
00:51:10,650 --> 00:51:14,220
know, be a part of the next leg up. If

1179
00:51:14,220 --> 00:51:17,280
you were buying in here, okay? This Ohio

1180
00:51:17,280 --> 00:51:18,900
would be an example, this old high end

1181
00:51:18,900 --> 00:51:20,310
would be an example. And then the

1182
00:51:20,310 --> 00:51:22,710
extensions beyond that.

1183
00:51:23,579 --> 00:51:26,399
Okay, like this. If we have our fib

1184
00:51:30,180 --> 00:51:33,630
pull it down to that low or 127. We have

1185
00:51:33,660 --> 00:51:36,000
an ideal level to take profits at once.

1186
00:51:36,000 --> 00:51:38,010
It would be a nice level and ultimately,

1187
00:51:38,010 --> 00:51:39,420
our higher level

1188
00:51:40,800 --> 00:51:42,600
profit objectives as a 200 extension.

1189
00:51:42,900 --> 00:51:43,470
We're here,

1190
00:51:43,890 --> 00:51:48,030
okay. So it's using all the concepts

1191
00:51:48,030 --> 00:51:51,180
together in a framework where it allows

1192
00:51:51,180 --> 00:51:56,040
you to just really plan your exits and

1193
00:51:56,070 --> 00:51:59,700
look for reasons to do it. Not simply

1194
00:51:59,700 --> 00:52:02,190
because I made this much money, where

1195
00:52:02,190 --> 00:52:04,800
are we reaching for it in terms of price

1196
00:52:04,800 --> 00:52:06,780
action, okay, and applying all of our

1197
00:52:06,780 --> 00:52:09,060
tools. If you want to scale out in three

1198
00:52:09,060 --> 00:52:11,940
stages, you could do 20% of the position

1199
00:52:11,940 --> 00:52:15,060
and then 40 and 40, holding on to those

1200
00:52:15,060 --> 00:52:17,700
last two portions at 40 and 40. Because

1201
00:52:17,700 --> 00:52:19,890
you want to be hopefully holding a

1202
00:52:19,890 --> 00:52:22,200
larger percentage of the trade, because

1203
00:52:22,200 --> 00:52:23,430
you're trading in a higher timeframe,

1204
00:52:23,430 --> 00:52:25,200
directional premise, okay, or will be

1205
00:52:25,200 --> 00:52:26,400
considered in sync,

1206
00:52:26,580 --> 00:52:26,940
okay?

1207
00:52:28,410 --> 00:52:30,330
If you're trading out of sync, and

1208
00:52:30,330 --> 00:52:32,820
you're against the daily and or for our

1209
00:52:33,660 --> 00:52:36,690
human scale in five stages, you can take

1210
00:52:36,690 --> 00:52:40,620
40% off initially at a price objective,

1211
00:52:40,920 --> 00:52:42,660
and then 1010 1010

1212
00:52:43,020 --> 00:52:45,480
Okay, leaving small portions on,

1213
00:52:45,960 --> 00:52:48,780
okay, and even if just for sake of luck,

1214
00:52:49,170 --> 00:52:50,310
even though you're against the hard

1215
00:52:50,310 --> 00:52:53,310
timeframes, you could still manage to

1216
00:52:53,310 --> 00:52:56,070
get some pretty good gains, like we have

1217
00:52:56,070 --> 00:52:59,340
here. And like we have here, okay, so it

1218
00:52:59,340 --> 00:53:01,200
was against the heart. timeframes. But

1219
00:53:01,200 --> 00:53:02,850
you still able to, you know, hold a

1220
00:53:02,850 --> 00:53:05,700
little bit of peace of the position and

1221
00:53:05,730 --> 00:53:08,010
maybe get some more of a, you know

1222
00:53:08,010 --> 00:53:10,920
volatility in your trade. If you want to

1223
00:53:10,920 --> 00:53:12,480
scale in at four stages, you could do

1224
00:53:12,570 --> 00:53:15,630
50% of the position. And 30, say you got

1225
00:53:15,630 --> 00:53:17,190
80% of the trade off, then you can hold

1226
00:53:17,190 --> 00:53:20,640
on for the final 20% scale is often 10

1227
00:53:20,640 --> 00:53:24,270
and 10, then you have three scale stage.

1228
00:53:24,930 --> 00:53:26,910
If you want to take 60% off, that would

1229
00:53:26,910 --> 00:53:28,560
be 40%, you could scale off in two more

1230
00:53:28,560 --> 00:53:31,770
stages at 20%. Again, using logical

1231
00:53:31,770 --> 00:53:36,690
levels of price levels and Fibonacci,

1232
00:53:37,020 --> 00:53:37,860
simply

1233
00:53:38,490 --> 00:53:41,400
applying that that overlapping of

1234
00:53:41,400 --> 00:53:44,100
reasons or confluences for for price to

1235
00:53:44,100 --> 00:53:44,580
be moving to

1236
00:53:44,580 --> 00:53:46,650
those levels. That's where you'd be

1237
00:53:46,650 --> 00:53:47,160
doing

1238
00:53:47,190 --> 00:53:50,100
these. These split gain ratios. In other

1239
00:53:50,100 --> 00:53:51,360
words, where I'm going to be taking my

1240
00:53:51,360 --> 00:53:53,430
position, and how much of the position

1241
00:53:53,580 --> 00:53:55,380
that I initially put on, I'd be taking

1242
00:53:55,380 --> 00:53:55,740
off

1243
00:53:57,090 --> 00:53:58,470
now this gets back to

1244
00:54:00,570 --> 00:54:03,270
Your trade entry. Okay? You can do this

1245
00:54:03,270 --> 00:54:04,920
several different ways. Okay, you can do

1246
00:54:04,920 --> 00:54:07,140
it, you can set up to set up and do it

1247
00:54:07,140 --> 00:54:10,410
as individual orders, okay now whereas

1248
00:54:10,410 --> 00:54:12,930
if you're trading 100,000, you can for

1249
00:54:12,930 --> 00:54:15,480
the assuming that you're trading in

1250
00:54:15,480 --> 00:54:17,370
sync, and you want to scale out at

1251
00:54:18,390 --> 00:54:22,230
three, three levels, you could have your

1252
00:54:22,290 --> 00:54:26,010
entry, limit order three separate entry

1253
00:54:26,370 --> 00:54:29,040
limit orders to get the same price than

1254
00:54:29,040 --> 00:54:31,770
your first of the three, you could look

1255
00:54:31,770 --> 00:54:36,000
to take profit off at a first objective,

1256
00:54:36,330 --> 00:54:39,420
okay? But the positions would be set up

1257
00:54:39,420 --> 00:54:41,190
in such a way that you would have 2000

1258
00:54:41,490 --> 00:54:44,220
leverage 4000 leverage and in 4000

1259
00:54:44,220 --> 00:54:45,870
leverage, okay, so you can take the

1260
00:54:45,870 --> 00:54:47,520
first 2000 off at your first price

1261
00:54:47,520 --> 00:54:49,500
objective, remaining two positions would

1262
00:54:49,500 --> 00:54:49,740
be

1263
00:54:49,919 --> 00:54:51,299
open. And then

1264
00:54:51,689 --> 00:54:53,609
the second one would come off at another

1265
00:54:53,609 --> 00:54:57,029
logical level of price objective. And

1266
00:54:57,029 --> 00:54:58,949
then once it's triggered the remaining

1267
00:54:59,099 --> 00:55:02,969
order of $4,000 would be sitting in the

1268
00:55:02,969 --> 00:55:04,739
marketplace and either it gets to its

1269
00:55:04,740 --> 00:55:06,270
position or stopped out or whatever.

1270
00:55:07,560 --> 00:55:09,540
Or you could just do the trade as

1271
00:55:09,630 --> 00:55:13,620
$100,000 and then go in and set your

1272
00:55:14,310 --> 00:55:16,710
limit order to take partials off. Okay,

1273
00:55:16,710 --> 00:55:18,300
and some platforms will allow you to do

1274
00:55:18,300 --> 00:55:20,520
that. I don't know what every platform

1275
00:55:20,730 --> 00:55:22,410
each of you are using, you just got to

1276
00:55:22,410 --> 00:55:24,180
look and see what is available to you.

1277
00:55:24,450 --> 00:55:26,970
Okay. Let's move on to the next one.

1278
00:55:29,130 --> 00:55:33,630
Okay, short term ratios. Again, assuming

1279
00:55:33,630 --> 00:55:35,010
that we're trading in sync with the

1280
00:55:35,760 --> 00:55:36,570
daily,

1281
00:55:38,190 --> 00:55:38,910
the

1282
00:55:40,740 --> 00:55:44,040
insync ratios would be taking 30% off if

1283
00:55:44,040 --> 00:55:47,190
you're scaling out at three. You in this

1284
00:55:47,190 --> 00:55:48,540
case, it looks a little different

1285
00:55:48,540 --> 00:55:49,740
because I'm taking the smaller one

1286
00:55:49,740 --> 00:55:50,190
first.

1287
00:55:51,570 --> 00:55:53,280
Because I want to have the maximum

1288
00:55:53,280 --> 00:55:53,610
amount

1289
00:55:53,700 --> 00:55:56,310
of leverage still in the marketplace in

1290
00:55:56,310 --> 00:55:58,770
my position. So I'm gonna take 30% off

1291
00:55:59,310 --> 00:56:01,500
and then we'll take 30 5% off the second

1292
00:56:01,980 --> 00:56:04,140
profit objective and then remaining 35%

1293
00:56:04,140 --> 00:56:06,690
would be taken at the third and ultimate

1294
00:56:06,750 --> 00:56:08,040
price objective that I would have for

1295
00:56:08,040 --> 00:56:12,120
that short term trade 25%. If I want to

1296
00:56:12,120 --> 00:56:14,520
scale out in two stages 25% at the first

1297
00:56:14,520 --> 00:56:16,740
one, and then 75% at the second price

1298
00:56:16,740 --> 00:56:19,920
objective, and give you an illustration

1299
00:56:19,920 --> 00:56:22,440
of what that might look like, is if I'm

1300
00:56:22,440 --> 00:56:26,400
trading with a four hour chart, okay,

1301
00:56:26,400 --> 00:56:27,990
and all I did was this gear down, I

1302
00:56:27,990 --> 00:56:29,100
didn't do anything, I didn't pick

1303
00:56:29,100 --> 00:56:30,750
anything, just it just gave me this

1304
00:56:30,750 --> 00:56:32,940
chart here. assume for a moment that

1305
00:56:34,140 --> 00:56:35,190
I went short here

1306
00:56:36,000 --> 00:56:37,320
on this optimal trade entry

1307
00:56:38,640 --> 00:56:41,040
right here in back into this order block

1308
00:56:41,610 --> 00:56:44,550
in here. So if I went short in here on

1309
00:56:44,550 --> 00:56:47,820
that 131 80 level, the first price

1310
00:56:47,820 --> 00:56:49,290
objective would be down here this old

1311
00:56:49,290 --> 00:56:52,290
low which is the reaction low from this

1312
00:56:52,290 --> 00:56:54,540
point here down here. That will be my

1313
00:56:54,540 --> 00:56:57,180
first price objective. Again, scaling

1314
00:56:57,180 --> 00:57:00,420
out while short term trade That point

1315
00:57:00,420 --> 00:57:03,930
here, it'd be 146 position. I'm sorry

1316
00:57:04,230 --> 00:57:07,950
146 pips for the first scaling out.

1317
00:57:08,100 --> 00:57:09,750
Okay, so if I'm scaling out in two

1318
00:57:09,750 --> 00:57:12,840
stages 25% would come off the trade

1319
00:57:12,870 --> 00:57:17,520
right there at 147 pips, the next point

1320
00:57:19,020 --> 00:57:24,120
of the ratio would be 75%. I would take

1321
00:57:24,120 --> 00:57:26,670
that out at either the 127 extension

1322
00:57:28,440 --> 00:57:28,980
or

1323
00:57:30,270 --> 00:57:31,620
the 162. Extension

1324
00:57:32,880 --> 00:57:34,110
conservatively, but it's gonna say the

1325
00:57:34,110 --> 00:57:35,550
127 we're not going to say we got

1326
00:57:35,550 --> 00:57:38,070
everything down here. If you got through

1327
00:57:38,070 --> 00:57:41,040
127 the remaining portion that would be

1328
00:57:41,040 --> 00:57:42,750
in the trade would profit

1329
00:57:44,460 --> 00:57:45,870
hypothetically, obviously,

1330
00:57:49,290 --> 00:57:52,560
to that price point here of 191 pips,

1331
00:57:52,920 --> 00:57:55,260
okay. And just for sake of completeness,

1332
00:57:55,260 --> 00:57:57,270
if you use the 162 extension as your

1333
00:57:57,510 --> 00:58:00,840
final position, you'd make 248 And if

1334
00:58:00,840 --> 00:58:02,280
you held for the 200 extension, you'd

1335
00:58:02,280 --> 00:58:05,100
make 310 pips. Okay? And you would just

1336
00:58:05,100 --> 00:58:06,450
do the math on what you wouldn't make

1337
00:58:06,450 --> 00:58:06,720
her

1338
00:58:10,740 --> 00:58:14,850
risk on that trade. Now,

1339
00:58:16,800 --> 00:58:20,610
if you're trading out of sync, okay, for

1340
00:58:20,610 --> 00:58:22,380
short term trading, you want to take

1341
00:58:22,680 --> 00:58:25,140
larger portions off sooner, so you take

1342
00:58:25,140 --> 00:58:26,910
60% of the trade off, and then two

1343
00:58:26,910 --> 00:58:30,330
remaining positions at 20 and 20. Okay.

1344
00:58:30,810 --> 00:58:32,130
And again, all you're doing is is

1345
00:58:32,130 --> 00:58:34,410
looking for levels to take your profits

1346
00:58:34,440 --> 00:58:38,430
out at that ratio in terms of your open

1347
00:58:38,430 --> 00:58:40,980
position. Initially, you're scaling off

1348
00:58:40,980 --> 00:58:42,630
a percentage. In other words, in this

1349
00:58:42,630 --> 00:58:45,360
case, out of sync, you would take 60%

1350
00:58:45,360 --> 00:58:47,610
off initially at your first target, and

1351
00:58:47,610 --> 00:58:49,650
then 20% off at your second target and

1352
00:58:49,650 --> 00:58:51,750
then 20% remaining would come off at

1353
00:58:51,750 --> 00:58:53,430
your third and ultimate price level.

1354
00:58:53,490 --> 00:58:56,790
Okay. And in a good example, that would

1355
00:58:56,790 --> 00:58:59,970
be 60% off at an old higher low today.

1356
00:59:00,000 --> 00:59:02,790
To Use Your fib from, and then 127 would

1357
00:59:02,790 --> 00:59:05,190
be coming off at 20% and then 162

1358
00:59:05,190 --> 00:59:06,930
extension and what 200% would come off

1359
00:59:07,320 --> 00:59:08,070
on that final

1360
00:59:09,090 --> 00:59:10,590
20% of the initial position.

1361
00:59:11,189 --> 00:59:12,959
And if you want to do two stages on

1362
00:59:12,959 --> 00:59:13,439
scaling,

1363
00:59:13,560 --> 00:59:15,840
you're out of sync with on the higher

1364
00:59:15,840 --> 00:59:18,480
time frames, you would take 80% off

1365
00:59:18,510 --> 00:59:20,670
initially and then let your 20%

1366
00:59:21,090 --> 00:59:23,430
remaining on the position. Go to your

1367
00:59:23,430 --> 00:59:26,490
second and final objective. And

1368
00:59:26,490 --> 00:59:28,740
obviously, you can do double tap, which

1369
00:59:28,740 --> 00:59:30,690
is 5015 onwards, you take your first

1370
00:59:30,690 --> 00:59:32,820
objective is half the position comes

1371
00:59:32,820 --> 00:59:34,680
off, move to break even, and then you

1372
00:59:34,680 --> 00:59:36,630
hold for your second objective and you

1373
00:59:36,630 --> 00:59:37,830
don't care what happens at that point.

1374
00:59:39,120 --> 00:59:41,370
Okay, and moving on to

1375
00:59:41,400 --> 00:59:45,630
our day trading ratios. Okay, looking at

1376
00:59:45,630 --> 00:59:47,190
this, if you're trading in sync, you

1377
00:59:47,190 --> 00:59:49,440
take 30% off of your position on the

1378
00:59:49,440 --> 00:59:51,660
first target, and on the second target,

1379
00:59:51,990 --> 00:59:54,120
it takes 60% off and then you would

1380
00:59:54,120 --> 00:59:57,450
leave 10% to see what happens. Okay?

1381
00:59:57,960 --> 00:59:59,820
Because again, you just because you're

1382
00:59:59,820 --> 01:00:01,620
sure You're day trading doesn't mean you

1383
01:00:01,620 --> 01:00:04,770
can't try to capitalize on a move that

1384
01:00:04,770 --> 01:00:06,930
will most likely continue on for several

1385
01:00:06,930 --> 01:00:10,350
days. Again, day trading, don't think I

1386
01:00:10,350 --> 01:00:12,210
got to get out all of my position today.

1387
01:00:12,810 --> 01:00:16,050
Take a good chunk of the market out and

1388
01:00:16,050 --> 01:00:18,150
move to a new risk and lock in profits.

1389
01:00:18,330 --> 01:00:19,500
But leave a little piece on here because

1390
01:00:19,500 --> 01:00:21,480
you may catch a lot more of the daily

1391
01:00:21,840 --> 01:00:25,290
range increase going into Friday, or it

1392
01:00:25,290 --> 01:00:26,790
may even continue going for, you know,

1393
01:00:26,790 --> 01:00:32,070
weeks. If he if it works its way where

1394
01:00:32,070 --> 01:00:34,290
it sets, your your stop is never tagged,

1395
01:00:34,290 --> 01:00:35,400
you'd still be in the market as it

1396
01:00:35,400 --> 01:00:36,480
continues to move in your favor.

1397
01:00:37,830 --> 01:00:39,480
Obviously, if you wanna move out in

1398
01:00:41,430 --> 01:00:43,470
in three stages, and you have all three

1399
01:00:43,470 --> 01:00:45,570
timeframes in sync, okay, you could take

1400
01:00:45,570 --> 01:00:48,660
20% off 20% off at your first two

1401
01:00:48,660 --> 01:00:50,940
targets and then leave 60% remaining for

1402
01:00:50,940 --> 01:00:53,040
your ultimate price objective. That's

1403
01:00:53,070 --> 01:00:54,780
again, only if you're trading with all

1404
01:00:54,780 --> 01:00:56,460
timeframes in sync and every does things

1405
01:00:56,460 --> 01:00:59,010
is loaded for it to move up. And if you

1406
01:00:59,010 --> 01:01:00,270
don't do it in two stages, you will Just

1407
01:01:00,270 --> 01:01:02,070
take 20% off your first target and leave

1408
01:01:02,100 --> 01:01:03,360
80% for your

1409
01:01:04,470 --> 01:01:05,580
ultimate price objective.

1410
01:01:07,020 --> 01:01:09,750
The other words, in other words, if you

1411
01:01:09,750 --> 01:01:12,720
were using a day trading entry, to get

1412
01:01:12,720 --> 01:01:17,670
in sync with a position or enemy term

1413
01:01:17,670 --> 01:01:20,190
trade based on the daily timeframe. So

1414
01:01:20,370 --> 01:01:21,150
in other words, that's the reason why

1415
01:01:21,150 --> 01:01:23,040
you would be holding 80% just taking 20%

1416
01:01:23,040 --> 01:01:26,190
off and holding 80 for you know, as much

1417
01:01:26,190 --> 01:01:28,950
as weeks. And if you're trading out of

1418
01:01:28,950 --> 01:01:30,600
sync, you would take obviously, in three

1419
01:01:30,600 --> 01:01:31,830
stages, you would take 80% of the

1420
01:01:31,830 --> 01:01:33,900
position off at your first target. Two

1421
01:01:33,900 --> 01:01:35,400
remaining positions you can take off at

1422
01:01:35,610 --> 01:01:38,430
10% and 10%, giving you your full 1%

1423
01:01:38,430 --> 01:01:41,280
off. And in two scaling stages you could

1424
01:01:41,280 --> 01:01:43,860
do against the higher timeframe, you

1425
01:01:43,860 --> 01:01:46,380
would take 75% of the position trade off

1426
01:01:46,800 --> 01:01:48,960
remaining 25% you would take out your

1427
01:01:49,020 --> 01:01:52,140
second price objective. And obviously if

1428
01:01:52,140 --> 01:01:54,150
you want to use still simply just do

1429
01:01:54,150 --> 01:01:55,500
double tap when you're unclear.

1430
01:01:55,770 --> 01:01:57,300
Okay, no words if you just don't know if

1431
01:01:57,300 --> 01:01:58,170
you're in sync or not.

1432
01:01:58,530 --> 01:02:01,140
And you're you ha ha Simply it's easy,

1433
01:02:01,140 --> 01:02:03,180
easy to double tap. Okay, take half the

1434
01:02:03,180 --> 01:02:04,860
position off at your first objective, go

1435
01:02:04,860 --> 01:02:06,780
to breakeven, and then look for your

1436
01:02:06,780 --> 01:02:08,550
second objective 127 wants to do

1437
01:02:08,550 --> 01:02:10,800
extension period. Short and sweet,

1438
01:02:10,830 --> 01:02:14,640
nothing fancy. Okay, moving on to our

1439
01:02:14,640 --> 01:02:21,450
last ratio is scalping ratios. Again,

1440
01:02:21,450 --> 01:02:25,230
this is for 15 to 30 pips range, that

1441
01:02:25,230 --> 01:02:29,430
type of trading, either hold for your

1442
01:02:29,430 --> 01:02:32,160
stock to be hit, or you target, okay,

1443
01:02:32,340 --> 01:02:35,730
and either take a loss or to wrist

1444
01:02:35,730 --> 01:02:37,950
initially on the trade, or you go to

1445
01:02:37,950 --> 01:02:39,360
break even words if you're able to trim

1446
01:02:39,360 --> 01:02:42,120
some of that risk away. That's pretty

1447
01:02:42,120 --> 01:02:43,740
much it. That's what you're trying to do

1448
01:02:43,740 --> 01:02:45,900
in an ideal world. If everything's in

1449
01:02:45,900 --> 01:02:48,480
sync, that's how you trade it. You look

1450
01:02:48,480 --> 01:02:49,830
for your stop loss at

1451
01:02:49,860 --> 01:02:50,580
maximum

1452
01:02:50,610 --> 01:02:54,000
loss or target, or if it allows you to

1453
01:02:54,000 --> 01:02:55,590
trim some of your risk away, you move

1454
01:02:55,590 --> 01:02:56,010
your stop

1455
01:02:56,010 --> 01:02:57,570
loss closer to breakeven, eventually

1456
01:02:57,570 --> 01:02:58,080
into

1457
01:02:58,110 --> 01:03:00,840
profit. But that's That's, that's

1458
01:03:00,840 --> 01:03:02,460
scalping for you. I'm not gonna try to

1459
01:03:02,460 --> 01:03:03,690
give you too many things for Scott

1460
01:03:03,690 --> 01:03:04,950
because I really don't think traders

1461
01:03:04,950 --> 01:03:05,670
should be doing that.

1462
01:03:05,700 --> 01:03:07,050
But you know, there's a

1463
01:03:08,340 --> 01:03:09,690
group out there that wants to hear about

1464
01:03:09,690 --> 01:03:10,320
it. So there you go.

1465
01:03:11,519 --> 01:03:13,799
Or you can simply just use double tap to

1466
01:03:13,799 --> 01:03:16,739
and you get to 15 to 30 pips, you take,

1467
01:03:17,369 --> 01:03:18,209
you know 50%

1468
01:03:18,360 --> 01:03:19,500
of the position off and then you can

1469
01:03:19,500 --> 01:03:19,800
leave

1470
01:03:19,979 --> 01:03:22,439
position open and catch anything that

1471
01:03:22,439 --> 01:03:23,489
would be in sync with the hard

1472
01:03:23,489 --> 01:03:27,749
timeframes. If your counter trend or out

1473
01:03:27,749 --> 01:03:30,149
of sync from the four hour and daily,

1474
01:03:31,019 --> 01:03:32,279
always watch your six,

1475
01:03:32,669 --> 01:03:34,559
you would look to take 50% of the trade

1476
01:03:34,589 --> 01:03:36,719
off if the trade is questionable and

1477
01:03:36,719 --> 01:03:39,389
just manage it like you would if you're

1478
01:03:39,389 --> 01:03:40,229
trading in sync.

1479
01:03:40,469 --> 01:03:41,129
Okay, so

1480
01:03:42,390 --> 01:03:45,660
it's really a generic way of looking at

1481
01:03:45,660 --> 01:03:48,960
how I scale out profits and how I manage

1482
01:03:48,960 --> 01:03:53,220
the position. I generally have what

1483
01:03:53,220 --> 01:03:55,830
ratio in mind before I even put the

1484
01:03:55,830 --> 01:03:59,100
trade on, okay. The only time they will

1485
01:03:59,100 --> 01:04:01,230
deviate is when I'm in a in a metering

1486
01:04:01,230 --> 01:04:03,930
trade, I may elect to take more or less

1487
01:04:03,930 --> 01:04:06,780
of the position off at the second,

1488
01:04:07,110 --> 01:04:10,140
third, fourth and fifth stages, it may

1489
01:04:10,140 --> 01:04:11,820
become a third stage,

1490
01:04:12,060 --> 01:04:12,840
a three stage

1491
01:04:13,950 --> 01:04:16,500
trade, where I take all my profits, if

1492
01:04:16,500 --> 01:04:19,320
it moves in my favor versus a five stage

1493
01:04:19,350 --> 01:04:21,120
scaling, and loads if I think it was

1494
01:04:21,120 --> 01:04:23,460
going to move to the 200% extension, and

1495
01:04:23,460 --> 01:04:25,620
I'm in that move favorably, and I've

1496
01:04:25,620 --> 01:04:28,320
taken off my first two scaling stages.

1497
01:04:29,040 --> 01:04:31,560
That third, fourth and fifth actually

1498
01:04:31,560 --> 01:04:33,630
may just drop down to, I'm just going to

1499
01:04:33,630 --> 01:04:35,370
take it all at the fourth, or I'm going

1500
01:04:35,370 --> 01:04:37,830
to drop it down to what would be

1501
01:04:37,830 --> 01:04:39,330
considered the open remaining position

1502
01:04:39,330 --> 01:04:41,730
of the trade, say it's 30% of the trade.

1503
01:04:42,210 --> 01:04:45,480
I may take, you know, 15% off at one

1504
01:04:45,480 --> 01:04:48,240
level and then 15% off the another

1505
01:04:48,240 --> 01:04:51,240
level. So, again, don't think that

1506
01:04:51,240 --> 01:04:53,700
you're locked into these ratios. This is

1507
01:04:53,700 --> 01:04:56,460
a means of you, deciding what you want

1508
01:04:56,460 --> 01:04:58,470
to do at the price levels that we've

1509
01:04:58,470 --> 01:05:01,410
talked about in this course, that mean

1510
01:05:01,410 --> 01:05:02,790
old highs and lows that you use your

1511
01:05:02,790 --> 01:05:06,030
reference points for your fibs, your

1512
01:05:06,030 --> 01:05:09,030
127, extension 162, extension, and then

1513
01:05:09,030 --> 01:05:11,070
your 200 extension. That's it, there's

1514
01:05:11,070 --> 01:05:12,750
nothing more to it, there's nothing

1515
01:05:13,230 --> 01:05:14,790
difficult about it. It's just a matter

1516
01:05:14,790 --> 01:05:17,820
of planning your trade around that

1517
01:05:18,240 --> 01:05:20,640
analysis, and where those levels are,

1518
01:05:20,970 --> 01:05:23,760
how much you're going to do, of profit

1519
01:05:23,760 --> 01:05:25,320
taking when it gets there. And

1520
01:05:25,410 --> 01:05:26,880
preferably, you want to have those in

1521
01:05:26,880 --> 01:05:28,290
form of limit orders, you can always

1522
01:05:28,290 --> 01:05:30,450
manage limit orders. After they're

1523
01:05:30,450 --> 01:05:31,980
already in place, treat them like stop

1524
01:05:31,980 --> 01:05:33,870
loss orders, okay? Because many times

1525
01:05:34,170 --> 01:05:35,910
you'll be surprised how fast some some

1526
01:05:35,910 --> 01:05:37,470
markets will move and we'll get to your

1527
01:05:37,470 --> 01:05:39,210
first price objective if you didn't get

1528
01:05:39,210 --> 01:05:40,890
that and it recedes back to your stop

1529
01:05:40,890 --> 01:05:43,350
loss. Again, very demoralizing. Okay, so

1530
01:05:44,670 --> 01:05:46,890
I counsel you to you know, try to use

1531
01:05:46,890 --> 01:05:49,800
these as as templates if you will, to

1532
01:05:49,830 --> 01:05:53,310
frame your your trading and your your

1533
01:05:53,310 --> 01:05:55,830
level of scaling out profits. That's

1534
01:05:55,830 --> 01:05:57,630
really all there is to it, Aaron's new

1535
01:05:57,630 --> 01:06:01,950
magic behind it. You What you see here

1536
01:06:01,980 --> 01:06:05,100
for you 2018 could very easily be, you

1537
01:06:05,100 --> 01:06:12,540
know, 70 and 30 is no iron set of rules

1538
01:06:12,540 --> 01:06:13,830
where you have to do it this way and

1539
01:06:13,830 --> 01:06:16,680
only Okay, it's unique thing for us as

1540
01:06:16,680 --> 01:06:18,810
traders, we can tailor this stuff to our

1541
01:06:18,810 --> 01:06:22,170
own personality. So, again, this is a

1542
01:06:22,170 --> 01:06:24,090
means of stimulating decision making on

1543
01:06:24,090 --> 01:06:25,800
your part to scale out something and

1544
01:06:25,800 --> 01:06:28,260
really to stimulate and try to, you

1545
01:06:28,260 --> 01:06:30,060
know, inject the idea that you should be

1546
01:06:30,060 --> 01:06:33,450
taking something as profits as the trade

1547
01:06:33,450 --> 01:06:34,920
unfolds, because just simply because you

1548
01:06:34,920 --> 01:06:36,570
think it's going to go up to a specific

1549
01:06:36,570 --> 01:06:38,400
price level, there's no guarantee it's

1550
01:06:38,400 --> 01:06:40,950
doing that and it may not get there

1551
01:06:40,950 --> 01:06:42,480
without coming back down to another

1552
01:06:42,480 --> 01:06:44,520
previous level and it may be a level

1553
01:06:44,520 --> 01:06:47,430
your stops at, okay, so pay yourself,

1554
01:06:47,550 --> 01:06:49,650
get something out of the trade you

1555
01:06:49,740 --> 01:06:51,900
you've invested time and effort and

1556
01:06:51,900 --> 01:06:54,720
probably fear and worry about missing

1557
01:06:54,720 --> 01:06:57,390
the move in the trade setups. So once

1558
01:06:57,390 --> 01:06:59,040
you're in and you get some profits, get

1559
01:06:59,040 --> 01:07:01,590
some of it out. Okay? So

1560
01:07:03,510 --> 01:07:05,280
that's pretty much it for this teaching

1561
01:07:05,280 --> 01:07:05,910
session.

1562
01:07:06,360 --> 01:07:09,420
in this, in this video, I just want to

1563
01:07:09,420 --> 01:07:11,670
give you some ideas about what we're

1564
01:07:11,670 --> 01:07:14,250
going to be doing in the eighth episode,

1565
01:07:14,790 --> 01:07:17,940
and how to get prepared for it. I would

1566
01:07:17,940 --> 01:07:19,950
counsel you, obviously go back through

1567
01:07:19,950 --> 01:07:21,360
all the previous videos,

1568
01:07:21,780 --> 01:07:22,320
okay?

1569
01:07:22,410 --> 01:07:25,500
And that includes this one, go through

1570
01:07:25,500 --> 01:07:27,030
your notes, make sure you have a good

1571
01:07:27,030 --> 01:07:29,520
collection of notes, okay, and read

1572
01:07:29,520 --> 01:07:30,900
those notes you don't have to see, see

1573
01:07:30,900 --> 01:07:32,250
the videos over and again, once you go

1574
01:07:32,250 --> 01:07:33,510
through it one more time, but your

1575
01:07:33,510 --> 01:07:35,070
notes, you should read them at least

1576
01:07:35,070 --> 01:07:37,320
once a day. Whether you're trading or

1577
01:07:37,320 --> 01:07:39,600
not read them once a day. Because by

1578
01:07:39,600 --> 01:07:41,700
doing that, it'll constantly feed your

1579
01:07:41,700 --> 01:07:43,890
mind and you remember these things and

1580
01:07:43,890 --> 01:07:45,270
you see certain things unfolding in your

1581
01:07:45,270 --> 01:07:46,740
charts. Oh yeah, that's that thing he

1582
01:07:46,740 --> 01:07:49,320
was talking about. Or at that event that

1583
01:07:49,320 --> 01:07:50,940
usually takes place and then you'll

1584
01:07:50,940 --> 01:07:54,630
start to learn how to engage the

1585
01:07:54,630 --> 01:07:56,610
marketplace in price action will become

1586
01:07:56,970 --> 01:08:00,780
a thing of expectancy. Okay, you expect

1587
01:08:00,810 --> 01:08:03,000
these things not what's going to happen.

1588
01:08:03,210 --> 01:08:05,520
Okay? When I sit down to I'm not asking

1589
01:08:05,520 --> 01:08:07,410
what's going to happen, I'm expecting

1590
01:08:07,410 --> 01:08:08,910
something to happen. There's a

1591
01:08:08,910 --> 01:08:10,770
difference, okay? If it if it went over

1592
01:08:10,770 --> 01:08:13,140
your head reminded again, listen to

1593
01:08:13,140 --> 01:08:15,390
that. It's very different perspective as

1594
01:08:15,390 --> 01:08:17,010
a professional trader, I anticipate

1595
01:08:17,010 --> 01:08:19,170
something, whereas novice traders are

1596
01:08:19,170 --> 01:08:21,210
expecting something. What's going to

1597
01:08:21,210 --> 01:08:23,190
happen? You know, you're asking

1598
01:08:23,190 --> 01:08:24,390
everybody on the phone, what do you

1599
01:08:24,390 --> 01:08:26,520
think the Euro is going to do? What

1600
01:08:26,520 --> 01:08:28,320
difference is what would I make, okay?

1601
01:08:28,320 --> 01:08:29,340
Because really, you're going to trade on

1602
01:08:29,340 --> 01:08:31,980
what I'm telling you, you shouldn't. So

1603
01:08:32,940 --> 01:08:34,200
have that in your mind as you go through

1604
01:08:34,200 --> 01:08:35,820
your videos again, get some good notes,

1605
01:08:35,850 --> 01:08:37,290
and we're going to be moving into a

1606
01:08:37,290 --> 01:08:40,020
really, really cool final episode and a

1607
01:08:40,020 --> 01:08:41,400
lot of guys that have been on the fence

1608
01:08:41,400 --> 01:08:44,010
about my concepts will, I think will be

1609
01:08:44,700 --> 01:08:46,830
pleasantly surprised on how useful that

1610
01:08:46,830 --> 01:08:48,720
video will be. Until then, guys wish

1611
01:08:48,720 --> 01:08:50,070
good luck and good trading

1612
01:08:55,980 --> 01:08:58,740
opion joyed this installment and coming

1613
01:08:58,740 --> 01:09:03,000
up in the last An eighth. In our series,

1614
01:09:03,300 --> 01:09:06,690
I escape and evasion. Now this is pretty

1615
01:09:06,690 --> 01:09:14,460
much like my be all end all for

1616
01:09:14,490 --> 01:09:18,750
application for my tools. I get a lot of

1617
01:09:19,230 --> 01:09:22,200
flack from the guys that aren't into me

1618
01:09:22,410 --> 01:09:25,530
or into the tools or just want to be,

1619
01:09:25,680 --> 01:09:28,080
you know, adversarial. They'll say that

1620
01:09:28,080 --> 01:09:32,070
I have too many components. And while I

1621
01:09:32,070 --> 01:09:35,280
have a very vast understanding of market

1622
01:09:35,280 --> 01:09:38,160
analysis concepts and techniques, I'm

1623
01:09:38,160 --> 01:09:41,790
not always using every single tool. So

1624
01:09:42,090 --> 01:09:43,890
it's like a carpenter. You know, they

1625
01:09:43,890 --> 01:09:45,840
may have a toolbox full of all kinds of

1626
01:09:45,840 --> 01:09:48,990
tools, but you're not really driving a

1627
01:09:48,990 --> 01:09:52,800
screw in with a ruler. So there's

1628
01:09:52,800 --> 01:09:54,870
certain times that you need a specific

1629
01:09:54,870 --> 01:09:59,700
tool or where a tool is multifunctional.

1630
01:10:00,120 --> 01:10:04,920
Okay, but I did my very, very best to

1631
01:10:04,920 --> 01:10:09,270
try to concise, condense rather, and

1632
01:10:09,300 --> 01:10:12,510
make it more concise as to when I reach

1633
01:10:12,510 --> 01:10:15,030
for a specific tool, or application or

1634
01:10:15,030 --> 01:10:18,330
technique or concept. And when I avoid

1635
01:10:18,330 --> 01:10:23,100
not using it at all, and I set it up in

1636
01:10:23,100 --> 01:10:24,090
such a different way, it's like a

1637
01:10:24,420 --> 01:10:27,840
flowchart. And I think what you'll be

1638
01:10:28,140 --> 01:10:32,430
surprised is that I've applied how I sit

1639
01:10:32,430 --> 01:10:35,400
down and look at the charts from a top

1640
01:10:35,400 --> 01:10:37,050
down analysis down to the smaller

1641
01:10:37,050 --> 01:10:40,200
timeframes. And what goes through my

1642
01:10:40,200 --> 01:10:43,230
mind as I do the analysis, okay, it's

1643
01:10:43,230 --> 01:10:47,130
kinda like an if then format. So, if the

1644
01:10:47,130 --> 01:10:49,980
market is presenting me this specific

1645
01:10:49,980 --> 01:10:52,950
criteria, then I will do this, this or

1646
01:10:52,950 --> 01:10:57,420
that. And if those functions are met

1647
01:10:57,420 --> 01:11:02,100
with you even more In marking

1648
01:11:02,100 --> 01:11:04,260
conditions, then I moved to another

1649
01:11:04,260 --> 01:11:07,650
stage in my analysis. So it allows you

1650
01:11:07,650 --> 01:11:10,980
to remove all the ambiguity, all of the

1651
01:11:11,460 --> 01:11:15,660
fog, if you will. I have a lot of

1652
01:11:15,720 --> 01:11:21,840
military themed either concepts or

1653
01:11:21,840 --> 01:11:25,920
titles or new teaching templates. And

1654
01:11:25,950 --> 01:11:27,570
that's just my personality. I, you know,

1655
01:11:27,570 --> 01:11:30,000
I've never been in the military. But I

1656
01:11:30,000 --> 01:11:34,440
think by having this framework, it'll

1657
01:11:34,440 --> 01:11:36,570
allow you to have like a plan of attack,

1658
01:11:36,870 --> 01:11:39,270
okay? And it will give you a means of,

1659
01:11:39,450 --> 01:11:41,940
you know, systematically attacking the

1660
01:11:41,940 --> 01:11:44,670
market. And then you're doing your own

1661
01:11:45,810 --> 01:11:48,060
research and recon, if you will. And

1662
01:11:48,060 --> 01:11:50,520
then you're moving out into the fields

1663
01:11:50,520 --> 01:11:53,730
and doing that your very own without

1664
01:11:53,730 --> 01:11:56,700
having any kind of input or stimulus on

1665
01:11:56,700 --> 01:11:58,680
my part or anyone else's. Because that's

1666
01:11:58,680 --> 01:11:59,670
really what we're getting at. We're

1667
01:11:59,670 --> 01:12:02,280
trying to be Building a measure of

1668
01:12:02,610 --> 01:12:06,720
consistency, obviously, a means of

1669
01:12:06,750 --> 01:12:09,180
limiting risk as best we can, we can't

1670
01:12:09,180 --> 01:12:10,680
remove it 100%. But we're going to do

1671
01:12:10,680 --> 01:12:13,080
our very best in our trading to try to

1672
01:12:13,110 --> 01:12:15,870
do that very thing. And at the end of

1673
01:12:15,870 --> 01:12:18,840
the day, we should be hopefully moving

1674
01:12:18,840 --> 01:12:20,670
towards profitability. It's never

1675
01:12:20,670 --> 01:12:22,890
guaranteed, I can't guarantee it, no

1676
01:12:22,890 --> 01:12:25,050
other mentor teacher, or author of

1677
01:12:25,050 --> 01:12:27,300
courses can do that. So

1678
01:12:28,860 --> 01:12:31,110
while it is my goal to try to give you a

1679
01:12:31,110 --> 01:12:34,710
roadmap, if you will, on how I break

1680
01:12:34,710 --> 01:12:37,200
down and digest the marketplace, it will

1681
01:12:37,200 --> 01:12:39,420
still and I'm promising you it will

1682
01:12:39,420 --> 01:12:42,720
still incur losses. If you trade with

1683
01:12:42,720 --> 01:12:45,000
real money with these concepts, any of

1684
01:12:45,000 --> 01:12:46,470
these concepts not just simply what's

1685
01:12:46,470 --> 01:12:48,990
released on the eighth and final video,

1686
01:12:49,230 --> 01:12:52,020
but any of these concepts, you are still

1687
01:12:52,080 --> 01:12:54,810
inherently taking on risks that will

1688
01:12:55,200 --> 01:12:57,780
invariably result in you losing money,

1689
01:12:57,900 --> 01:12:58,830
okay? So you have to be very

1690
01:12:58,830 --> 01:13:01,680
responsible. And trade within a demo

1691
01:13:01,680 --> 01:13:04,260
account. Only when you think that you're

1692
01:13:04,260 --> 01:13:07,290
ready to do it with live money, you take

1693
01:13:07,290 --> 01:13:09,150
that decision and you make it your own

1694
01:13:09,210 --> 01:13:11,400
and own the responsibility that comes

1695
01:13:11,400 --> 01:13:14,550
along with it. If you have success with

1696
01:13:14,550 --> 01:13:17,730
these concepts, obviously, I'm more than

1697
01:13:17,730 --> 01:13:20,310
excited to hear what each of you are

1698
01:13:20,310 --> 01:13:23,760
doing as you're developing. And that's

1699
01:13:23,760 --> 01:13:25,500
the, that's my motivation and doing all

1700
01:13:25,500 --> 01:13:27,060
these things. I don't take any monetary

1701
01:13:27,060 --> 01:13:30,060
gain out of it. I don't request any kind

1702
01:13:30,060 --> 01:13:32,100
of subscription fees or anything like

1703
01:13:32,100 --> 01:13:34,530
that. I get a high off of everyone

1704
01:13:34,530 --> 01:13:37,440
else's development. And when I see the

1705
01:13:37,440 --> 01:13:39,930
feedback through either Twitter, or

1706
01:13:39,960 --> 01:13:42,780
emails or on forums, that they've

1707
01:13:43,020 --> 01:13:46,470
developed to a measure of consistently

1708
01:13:46,830 --> 01:13:50,400
profitable or encouraging results that

1709
01:13:50,400 --> 01:13:53,550
lead to more, you know, comfort levels

1710
01:13:53,550 --> 01:13:55,860
in terms of not being fearful of taking

1711
01:13:55,860 --> 01:13:57,540
a trade. You'd be surprised how many

1712
01:13:57,540 --> 01:14:00,000
folks are still fearful. You just get

1713
01:14:00,000 --> 01:14:02,160
involved in it in a demo account because

1714
01:14:02,160 --> 01:14:04,740
they don't want to face that, that right

1715
01:14:04,740 --> 01:14:07,740
or wrong conclusion to their decision.

1716
01:14:08,100 --> 01:14:10,920
And I'll have more to say about that in

1717
01:14:10,920 --> 01:14:13,770
the in the last installment, but what

1718
01:14:13,770 --> 01:14:15,720
specifically will be covered in the

1719
01:14:15,720 --> 01:14:18,000
escape and evasion? Well, we're going to

1720
01:14:18,000 --> 01:14:20,940
go over viewing the entire ICT scout

1721
01:14:20,940 --> 01:14:23,670
sniper basic Field Guide series in its

1722
01:14:23,670 --> 01:14:27,060
completeness, okay? Because we have to

1723
01:14:27,060 --> 01:14:31,290
do this in a more comprehensive fashion.

1724
01:14:31,560 --> 01:14:33,480
It just means we got to go through it

1725
01:14:33,480 --> 01:14:35,160
all over again. But obviously, it's not

1726
01:14:35,160 --> 01:14:37,350
going to go 12 hours long. But we're

1727
01:14:37,350 --> 01:14:39,960
gonna break it down and be more precise

1728
01:14:39,990 --> 01:14:42,510
and concise with what specifically

1729
01:14:42,510 --> 01:14:43,650
you're supposed to be doing with each

1730
01:14:43,650 --> 01:14:45,090
one of these videos and the tools that

1731
01:14:45,210 --> 01:14:47,970
are within them. And we're gonna be

1732
01:14:47,970 --> 01:14:50,520
talking about adopting the ICT mindset

1733
01:14:50,520 --> 01:14:54,300
to trading. Okay, when we're looking at

1734
01:14:54,300 --> 01:14:56,160
the inner circle trader tips for

1735
01:14:56,160 --> 01:14:57,960
continued trader development, a lot of

1736
01:14:57,960 --> 01:15:00,000
things that have not spoke in this

1737
01:15:00,000 --> 01:15:03,960
series have held on to the last video,

1738
01:15:03,960 --> 01:15:07,140
so I wait at least six hours long. It's

1739
01:15:07,140 --> 01:15:08,640
good, it's gonna be long, but it's

1740
01:15:08,640 --> 01:15:11,160
probably not gonna be six hours. And

1741
01:15:11,160 --> 01:15:12,900
we're going to be revealing the ICT flow

1742
01:15:12,900 --> 01:15:14,700
chart to market analysis into

1743
01:15:14,700 --> 01:15:17,790
applications so that way, you don't have

1744
01:15:17,790 --> 01:15:21,630
to guess or wonder, would I be using

1745
01:15:21,630 --> 01:15:24,240
this tool at this time? Or would I be

1746
01:15:24,270 --> 01:15:26,730
using that method at this time? No,

1747
01:15:26,880 --> 01:15:28,560
you're going to have a very clear

1748
01:15:28,560 --> 01:15:30,540
generic way of going through the market,

1749
01:15:30,870 --> 01:15:33,540
breaking it down in a routine fashion

1750
01:15:33,540 --> 01:15:35,490
that way, once you do it for a period of

1751
01:15:35,490 --> 01:15:37,440
time, you won't need the flow chart,

1752
01:15:37,440 --> 01:15:39,240
you'll just know simply, okay, well it

1753
01:15:39,240 --> 01:15:40,680
does this. So therefore, I'm going to do

1754
01:15:40,680 --> 01:15:42,660
that. If it's done this, then I'm going

1755
01:15:42,660 --> 01:15:44,370
to do that. So you're always going to

1756
01:15:44,370 --> 01:15:48,480
have a response to current environment,

1757
01:15:48,570 --> 01:15:50,070
okay. So either you're going to take

1758
01:15:50,070 --> 01:15:51,300
action, you're going to throw in your

1759
01:15:51,300 --> 01:15:53,670
hands, or you're gonna protect and

1760
01:15:53,700 --> 01:15:56,070
preserve your capital. Okay. There's

1761
01:15:56,100 --> 01:15:59,400
your three engagements to the

1762
01:15:59,400 --> 01:16:01,230
marketplace. That's it. So you can do,

1763
01:16:01,680 --> 01:16:02,760
either you're going to take action,

1764
01:16:03,660 --> 01:16:05,310
you're going to enhance do nothing, or

1765
01:16:05,310 --> 01:16:07,290
you're going to protect and preserve

1766
01:16:07,350 --> 01:16:09,390
your equity. Okay? There's only three

1767
01:16:09,390 --> 01:16:10,350
things that can happen in the

1768
01:16:10,350 --> 01:16:12,630
marketplace as you as a trader, and

1769
01:16:12,660 --> 01:16:15,660
you'll have every possible scenario that

1770
01:16:15,660 --> 01:16:18,930
I could fathom, okay, in a manner of

1771
01:16:19,050 --> 01:16:21,090
looking at the marketplace, digesting it

1772
01:16:21,090 --> 01:16:22,170
and saying, Okay, what should I be

1773
01:16:22,170 --> 01:16:25,980
doing? In the mindset that ICT or myself

1774
01:16:26,550 --> 01:16:32,040
utilizes in trading? And obviously, like

1775
01:16:32,040 --> 01:16:33,540
all good things, they have to come to an

1776
01:16:33,540 --> 01:16:36,330
end I'll have a few more words on

1777
01:16:36,360 --> 01:16:39,240
accountability and consistency. So until

1778
01:16:39,240 --> 01:16:41,040
then, guys, I wish you good luck and

1779
01:16:41,040 --> 01:16:41,550
good trading.