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--ICT: Hello folks As ICT with the eighth
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++|1 |00:00:59,220 ~-~-> 00:01:00,000 |ICT: Hello Folks, this
++|2 |00:01:00,000 ~-~-> 00:01:10,710 |is ICT with the eighth and final installment in the scout sniper training series. This episode is going to be called escape and evasion. Now what it's
++|3 |00:01:10,710 ~-~-> 00:01:20,370 |going to be doing essentially is providing you a summary and an overview of what it is specifically that you should have gleaned going through each individual
++|4 |00:01:20,370 ~-~-> 00:01:33,810 |installment. Now, it's not my aim to produce additional technical concepts in this episode. In fact, what I've done was I forced you to spend six months, if
++|5 |00:01:33,810 ~-~-> 00:01:42,930 |you do the calculations on your calendars, you'll see that we've spent six months from the initial installment to now this one being the last in the series
++|6 |00:01:43,110 ~-~-> 00:01:52,650 |to be released. Because what I did was I forced you to look at the consumption concepts over a period of time, okay, you have to have a sample set of looking
++|7 |00:01:52,650 ~-~-> 00:02:03,930 |at each individual component that was produced and released in modular form.  Each episode had its individual premise in mind for you to study and utilize in
++|8 |00:02:03,930 ~-~-> 00:02:14,730 |your own exercise and training. So that way allows the individual viewers the time that's necessary to adopt the understanding that each component requires,
++|9 |00:02:15,240 ~-~-> 00:02:26,850 |once we understand all the components collectively, okay and intimately on each component. Once that's understood, then it's very easy for someone that's a
++|10 |00:02:26,850 ~-~-> 00:02:39,360 |mentor or a teacher to conceptualize it into a trading plan, or a process of engaging the market. So I guess it's a long way around saying you need to take
++|11 |00:02:39,360 ~-~-> 00:02:47,580 |the time to study each individual component. Know it intimately understand why it does what it's doing. Okay. And what am I referring to while the time of day
++|12 |00:02:47,580 ~-~-> 00:02:57,660 |theory, okay, what happens between two o'clock and 5am? New York time? Okay, during the London session, what do you typically see what type of price actions
++|13 |00:02:57,960 ~-~-> 00:03:12,150 |usually characteristic of that time of day? Does London close between 15 116 100 GMT, that time window typically, you know, produces something else in terms of
++|14 |00:03:12,150 ~-~-> 00:03:22,920 |price action that's very generic and repeats itself over and over and over again? The New York open, okay? 12 to 1400 GMT. Okay, what happens during that
++|15 |00:03:22,920 ~-~-> 00:03:34,560 |timeframe? Okay, on a daily basis, doing that, over a period of time, builds an understanding, again, intimately, on what each individual component of each
++|16 |00:03:34,560 ~-~-> 00:03:46,650 |installment that we produced and shared with you. So by having that amount of time, and that exercise oriented approach to learning, hopefully you've done
++|17 |00:03:46,650 ~-~-> 00:03:57,120 |that, if you haven't, obviously, this episode will, more or less, force you to go back through it again. Okay. And actually, it's in my intentions really, to
++|18 |00:03:57,120 ~-~-> 00:04:05,730 |make a go through that series one more time. And it's not for YouTube views or statistics need to try to get more views because that's not my interest, if I
++|19 |00:04:05,730 ~-~-> 00:04:14,910 |could get a handful of really exceptional traders, okay, that are consistently delivering the results that they aim for. That's my goal, you know, I don't
++|20 |00:04:14,910 ~-~-> 00:04:25,920 |monetize my videos, I'm not trying to get you know, hits or, or stats. So it's really the feedback, okay, that I get a high off of. So it's with really that
++|21 |00:04:25,980 ~-~-> 00:04:36,570 |I'm hoping that if this video series has been helpful to you, if it's insightful to us to help you build a foundation to price action analysis. I would love to
++|22 |00:04:36,570 ~-~-> 00:04:47,760 |have some feedback, you can reach me on ICT at the inner circle trader comm it's really the driving force behind why I do what I do is I do not sell courses, I
++|23 |00:04:47,760 ~-~-> 00:04:57,270 |do not sell seminars, I do not sell books, I do not sell any information whatsoever. I do this because of you just the sheer passion in sharing it. I'm
++|24 |00:04:57,270 ~-~-> 00:05:06,600 |successful in my own right. So by sharing it certainly not by take anything from me. But I certainly do enjoy and really get invigorated by the the feedback of
++|25 |00:05:06,690 ~-~-> 00:05:15,780 |new developing traders or folks that have been trading for a long period of time that come on to the ICT concepts. And it really gives a supercharged to their
++|26 |00:05:15,780 ~-~-> 00:05:25,800 |understanding and price action. And hopefully, the results are positive. So let's get on to this presentation. Okay, so what we're going to be looking at in
++|27 |00:05:25,800 ~-~-> 00:05:35,130 |this presentation, we're gonna be covering Well, we're gonna be reviewing the series, okay, and basically going over what it is specifically that you as the
++|28 |00:05:35,130 ~-~-> 00:05:46,410 |viewer, okay, should have gleaned. Now, we're going to be looking specifically at the ICT sniper series skill set. We have to understand that, you know, going
++|29 |00:05:46,410 ~-~-> 00:05:57,390 |through this video series, we've learned that the market moves only by means of large funds entering and exiting price seeks yield. So where yields are,
++|30 |00:05:58,440 ~-~-> 00:06:08,970 |and where yields are moving towards, that is going to be a catalyst for where future price action will ensue. Okay, so you have to understand that price in
++|31 |00:06:08,970 ~-~-> 00:06:21,180 |itself isn't just simply moving around, aimlessly, there is a driving force fundamentally, okay, driving force behind price action, we cannot always discern
++|32 |00:06:21,180 ~-~-> 00:06:31,140 |what that is. Okay. There are fundamental traders that admittedly, they may be very, very astute in terms of the fundamentals, but me as a trader, I simply
++|33 |00:06:31,140 ~-~-> 00:06:41,640 |can't grasp fundamentals as a central tenant to my trading. So I rely on price action to convey those that are smarter than me in that realm. Okay, because
++|34 |00:06:41,640 ~-~-> 00:06:51,090 |large funds and, and banks are more in tune with the fundamentals, and the drivers behind a currency exchange, I allow them to you pretty much leave their
++|35 |00:06:51,090 ~-~-> 00:06:57,900 |footprint in the sand. And then if they're doing something specific, I'm going to be looking to follow suit, okay. So it removes all the necessity of being a
++|36 |00:06:57,900 ~-~-> 00:07:09,180 |genius. And we do not look to predict price moves. Okay, we would rather wait for smart money to move price initially, this is going to help you hone the
++|37 |00:07:09,180 ~-~-> 00:07:18,870 |skill of patients. And if you understand what that footprint looks like, and we talked about that in several examples in the series, it allows you to simply
++|38 |00:07:18,870 ~-~-> 00:07:27,930 |wait for that, if you will, road sign, okay, because most individuals sit in front of the charts and you really have no idea what it is they're specifically
++|39 |00:07:27,930 ~-~-> 00:07:37,320 |looking for. But hopefully with this series, we have zeroed in on what specifically, you're looking for that initial move that quick, sudden move away
++|40 |00:07:37,320 ~-~-> 00:07:47,640 |from a particular price level that indicates fundamental flows being driven by institutional level trading, okay, retail trading cannot move the market. We are
++|41 |00:07:47,640 ~-~-> 00:07:56,700 |just little fleas on the big dogs, okay, so if the dogs running, okay, hopefully we're on for the ride. And bottom line is we can just take a little bite here
++|42 |00:07:56,700 ~-~-> 00:08:05,700 |and there. But ultimately, we can't make the waves we just ride them. Now the typical business model and trading is simply understanding that there's a
++|43 |00:08:06,480 ~-~-> 00:08:16,410 |generic price action theory that unfolds on a daily basis that goes over and over and over again between London to New York and London close. Okay, there's a
++|44 |00:08:16,410 ~-~-> 00:08:25,710 |small little pocket of action that goes on in Asia, but we didn't spend any time of any significance really, in that, but I do have a video on dealing
++|45 |00:08:25,710 ~-~-> 00:08:33,540 |specifically with Asian trading. So if you look at that, on my YouTube channel, you can certainly glean what it is that's useful for that that time window or
++|46 |00:08:33,540 ~-~-> 00:08:46,590 |Killzone. But specifically moves repeat in specific times of day, and specific days of the week. And that phenomenon, again, is very generic. It's not
++|47 |00:08:46,620 ~-~-> 00:08:57,120 |attributed to any one author. It's not attributed to any one specific source.  It's just a generic observation that I've made over the years and gleaning
++|48 |00:08:57,120 ~-~-> 00:09:07,650 |certain things from Larry Williams, new trading day of the week understanding with his bond and sap trading really gave me the insight to Hey, look, you know
++|49 |00:09:07,650 ~-~-> 00:09:17,670 |what? He's right. You know, because he mentioned in his teachings that humans, by far and large, we're really good starters. Okay, but we really suck really,
++|50 |00:09:18,420 ~-~-> 00:09:27,450 |you know, finishing, okay. And we spent a lot of time throughout the week. Okay, China chase money. But as we get closer to Friday, when the markets are closing,
++|51 |00:09:28,230 ~-~-> 00:09:38,550 |our interest really wanes, and we anticipate the weekend. So we spend the most time of our weekend studying and looking at fundamental data, price charts, and
++|52 |00:09:38,550 ~-~-> 00:09:46,710 |we're all in a hurry to get ready to do something new for the new week. And that's why typically the weekly higher lows formed in the first couple days of
++|53 |00:09:46,710 ~-~-> 00:09:55,950 |the week and in the weekly range unfolds with that in mind. So we we learned that there's a specific generic business model that takes place and we
++|54 |00:09:55,950 ~-~-> 00:10:07,950 |understand how market makers deal within that overall price. Model long term higher timeframe charts illustrate to the direction of smart money. No smart
++|55 |00:10:07,950 ~-~-> 00:10:24,510 |money again, we've identified as the large funds, institutional banks, traders that have huge, huge accounts and large supplies of money to really cause these
++|56 |00:10:24,900 ~-~-> 00:10:35,910 |major shifts in price. We as traders, we and retail level we cannot cause these major price spikes, okay, it was just simply not enough of us. But when we have
++|57 |00:10:35,970 ~-~-> 00:10:48,330 |a higher level entities, okay. They have really deep pockets when they do exchange transactions in the marketplace. They can't hide that. Okay, so there's
++|58 |00:10:48,330 ~-~-> 00:10:58,440 |a very, very telling footprint, okay, left in the charts. If you understand what it is that you're looking for. It really tips the cards and let you know what it
++|59 |00:10:58,440 ~-~-> 00:10:59,100 |is they're doing.
++|60 |00:11:01,679 ~-~-> 00:11:12,269 |Smart Money or large funds are not scalpers. Okay, they require and produce sustained moves. So that's, that was hopefully one of the main paradigm shifts
++|61 |00:11:12,269 ~-~-> 00:11:21,989 |that you encountered with this series, because you're going to need the understanding of waiting for specific price action, okay to unfold before you
++|62 |00:11:21,989 ~-~-> 00:11:33,659 |take action on your retail account. Because if you're a scalper and you don't understand the concepts of how large funds in order flows directly impact you as
++|63 |00:11:33,659 ~-~-> 00:11:44,249 |a trader, even as a scalper, you will fail, okay, you have to have to have them you have to have understanding that, you know, price has to move by a larger
++|64 |00:11:44,249 ~-~-> 00:11:54,839 |entity. And without that institutional quote unquote, sponsorships, I like to refer to as in price moves, you're simply going to not see the advancements in
++|65 |00:11:54,839 ~-~-> 00:12:06,599 |price that you can hope to make, even as a scalper. So, we, we did a very in depth study of smart money and large funds and institutional level waterflow. So
++|66 |00:12:06,599 ~-~-> 00:12:16,439 |when you see that type of thing unfolding in your charts, you know, that's a green light go, you need to start following that market. Okay. Now, trading
++|67 |00:12:16,439 ~-~-> 00:12:26,039 |environments where institutional flows move price, will, as a direct result, make your equity rise, because you know, that the market is predisposed to move
++|68 |00:12:26,099 ~-~-> 00:12:37,499 |on a grand scale, not minor static little short term blips and just static price action. That's not how you want to be trading. Even in any other asset class,
++|69 |00:12:37,499 ~-~-> 00:12:48,419 |not just simply an FX, you have to have that environment where things are moving. Okay, as traders, we need price movement. If if prices stagnant, there's
++|70 |00:12:48,419 ~-~-> 00:12:58,949 |a reason for that, and we're going to talk more about that as we go. Quiet markets are quiet for fundamental reasons, specifically, dead money or street
++|71 |00:12:58,949 ~-~-> 00:13:08,549 |money. Invariably trade during these times, because they need to be doing something because they have no plan. They're like a dog in a meat market or
++|72 |00:13:08,549 ~-~-> 00:13:22,889 |nibbling on this and nibbling on that we as specifically detail oriented traders, okay, very patient, very goal oriented. Okay, we are, we are trained to
++|73 |00:13:22,889 ~-~-> 00:13:30,869 |look for specific things in the marketplace. We don't simply go in there because we have time to sit in front of the computers to do some trading. We are looking
++|74 |00:13:30,869 ~-~-> 00:13:41,999 |for something specifically in the price charts before we even contemplate putting on a trade, okay? And that's the divider between the stupid street money
++|75 |00:13:42,029 ~-~-> 00:13:53,819 |okay? Or the neophyte rookie traders that just because they read some website, okay, claiming to give you the introductory course on price and forex, that will
++|76 |00:13:53,819 ~-~-> 00:14:05,099 |not equate to success, because there's a whole lot of other things that have to go on, that the majority of teaching and resources on the internet simply do not
++|77 |00:14:05,099 ~-~-> 00:14:15,629 |have the understanding or the, you know, the responsible nature and in revealing it to you, okay, so just simply because it's quiet, and you think it's safe and
++|78 |00:14:15,659 ~-~-> 00:14:23,129 |your stop loss will be safe, because as I'm moving around that much think about as as a new trader when you first got involved. Fast markets are scary, right?
++|79 |00:14:24,569 ~-~-> 00:14:33,599 |Why? That's what you want as a trader, okay, you're in control of the risk, you're in control of the leverage. So fast market can be tamed with your
++|80 |00:14:33,599 ~-~-> 00:14:46,499 |leverage. Okay? But quiet markets are basically just graveyards waiting for you to bury yourself in, because you'll over trade them because even if it's a small
++|81 |00:14:46,499 ~-~-> 00:14:54,959 |stop that you think you're safe by implementing small stuff still get tripped if you're wrong. In 90% of the time, new traders have no idea what you're doing.
++|82 |00:14:55,559 ~-~-> 00:15:02,939 |And this static price action alone will come down and tag you out. But you are neutral. You're going to over trade a quiet market because you need to get that
++|83 |00:15:02,939 ~-~-> 00:15:12,569 |money back and it cycle repeats. And we talked about that type of thing. In this series, you require the professional trader, volatility. And volatility is the
++|84 |00:15:12,569 ~-~-> 00:15:21,989 |telltale sign, it's someone with more money than you is moving the market. And it's time to start paying attention to that particular asset class. Okay. price
++|85 |00:15:21,989 ~-~-> 00:15:31,079 |moves, typically in an overall weekly direction, okay, and you want to be trading in that direction, whether you're short term day trading. Or if you're
++|86 |00:15:31,079 ~-~-> 00:15:41,219 |looking like what we teach in this series here, one shot one kill one weekly setup per week, to build discipline to build new skill set development, and
++|87 |00:15:41,219 ~-~-> 00:15:51,329 |understanding how the institutional and large order flows, move the market. And you can sit on your hands and wait for really these cherry setups where you just
++|88 |00:15:51,329 ~-~-> 00:15:59,519 |simply are just not, you're not interested in all the little tiny minor moves, you just want something that's really locked for a high probability, low risk,
++|89 |00:15:59,669 ~-~-> 00:16:00,389 |opportunity.
++|90 |00:16:02,669 ~-~-> 00:16:13,349 |dynamic and or explosive moves result from higher timeframe analysis, and time and price theory. By coupling the higher timeframe, analysis concepts, and time
++|91 |00:16:13,349 ~-~-> 00:16:26,969 |and price theory, chill zones, train day, the week premise, you will have the ingredients for a very, very dynamic price action based model of trading.
++|92 |00:16:30,059 ~-~-> 00:16:39,509 |Entering what markets move opposite to your intended trade is optimal. That's the premise behind the ICT optimal trade entry in the OT, he forces you to trade
++|93 |00:16:39,839 ~-~-> 00:16:48,449 |in the opposite direction of where you intend to profit from, okay, you're selling during a rally you're buying during a decline. That's how that price
++|94 |00:16:48,449 ~-~-> 00:17:00,599 |pattern works. Because you're doing that you will overcome the dealer spread much more quickly, and you'll be closer to your stop versus waiting for the
++|95 |00:17:00,599 ~-~-> 00:17:07,919 |market to move. We're looking for what you think is confirmation. But it's moving farther away from where your intended stop loss placement should be
++|96 |00:17:08,099 ~-~-> 00:17:18,449 |thereby requiring you to take on more risk. Okay, then necessary. So we've learned that with a paradigm shift and looking at how the markets are ideally in
++|97 |00:17:18,479 ~-~-> 00:17:29,879 |optimally traded when it's moving away from your intended trade direction. And it takes some skill set exercises that require you to be in the market, looking
++|98 |00:17:29,879 ~-~-> 00:17:36,779 |at how price moves on a lower timeframe, because it gives you several opportunities a couple times a day where you can do these types of skill set
++|99 |00:17:36,839 ~-~-> 00:17:48,089 |exercises and see what it's like when you be buying when it's a bearish candle.  Okay, what's a boldface bear scandal, it takes some reverse thinking, okay,
++|100 |00:17:48,089 ~-~-> 00:17:56,339 |because it looks like it's kind of continue to go lower. And that's exactly what the myopic retail traders think. And those that continuously lose their shirt,
++|101 |00:17:56,549 ~-~-> 00:18:05,429 |you have learned how to think differently, your mindset has now been plugged in to how smart money operates, because they have to buy when prices go down. And
++|102 |00:18:05,429 ~-~-> 00:18:16,649 |they sell and prices are going up. market makers generally price markets higher to sell into the rally. We understand that that's the market maker sell model.
++|103 |00:18:17,579 ~-~-> 00:18:27,179 |By having that template in mind, we can understand that when price rallies, okay, and goes into a resistance level. The price model, okay, generically
++|104 |00:18:27,179 ~-~-> 00:18:39,479 |speaking, if you will, will generally unfold as that graphic that I shared in the series A k depicts, okay, and the same thing as said for a market maker by
++|105 |00:18:39,479 ~-~-> 00:18:53,699 |model. market makers will generally price markets lower to buy into that drop.  So it gets back to the fundamental premise that we do not. We don't chase price,
++|106 |00:18:54,239 ~-~-> 00:19:04,079 |okay, we understand where price may be trying to get to. And when it gets to specific price levels, then and then and only is when we stock setups and price
++|107 |00:19:04,079 ~-~-> 00:19:16,139 |patterns to facilitate or execute a trade entry. We don't care if prices explosively moved 150 pips and our setup has moved, okay. Outside the parameters
++|108 |00:19:16,139 ~-~-> 00:19:25,319 |of potential entry, and price takes off and goes and leaves us behind. We do not care about that because we understand that the premise that we use to trading
++|109 |00:19:25,619 ~-~-> 00:19:33,269 |repeats over and over and over again. We don't have to force yourself into a trade and we don't have to chase it and jump on board after it's done moved 40
++|110 |00:19:33,269 ~-~-> 00:19:43,169 |pips, there's no, there's no, there's no need for that. Okay, and hopefully this series has produced that mindset in you because if you're chasing price, you're
++|111 |00:19:43,169 ~-~-> 00:19:53,639 |looking through your counterweight very very quickly. Now, significant price moves are typically seen immediately after stops are rated. Now, we've given you
++|112 |00:19:53,639 ~-~-> 00:20:03,809 |exercises to look for where clean levels are on your chart. If you see several times where Short term highs have made rallies up to a specific price level, but
++|113 |00:20:03,839 ~-~-> 00:20:15,239 |neither one made of any significant sweep above the previous high. That is an indication of the levels to clean and folks that are trading that market, they
++|114 |00:20:15,239 ~-~-> 00:20:24,509 |may sell into those highs, okay. And their stop loss orders would be just above those particular highs when you see that phenomenon and same thing is said for
++|115 |00:20:24,539 ~-~-> 00:20:33,029 |equal lows, okay, or double bottom lows, I don't like double bottoms, because to me, they're just classic scenarios for folks to put their stops believe beneath
++|116 |00:20:33,029 ~-~-> 00:20:43,139 |it. And then what'll happen is you'll get a turtle soup, okay, or similar pattern like that, where it will rarely go down spike through it, read it in
++|117 |00:20:43,259 ~-~-> 00:20:53,849 |very dramatically and dynamically run the other way. Okay, and when you see that happen, if you don't take action during the raid itself, okay, if you're not
++|118 |00:20:53,849 ~-~-> 00:20:54,749 |astute enough to know
++|119 |00:20:55,140 ~-~-> 00:21:04,800 |how to trade those raids, then you can simply wait for them to unfold and then wait for the waterblock to be retested after that initial move up, because it's
++|120 |00:21:04,800 ~-~-> 00:21:14,280 |going to be the same thing that we look as a classic price rally. We wait for the pullback, and then we buy into it. And same thing said for a song scenario.
++|121 |00:21:17,220 ~-~-> 00:21:28,560 |Now Fibonacci can be used in trade execution. And we use it for stock placement and target setting. Okay, and using the skill set exercises that we released in
++|122 |00:21:28,560 ~-~-> 00:21:40,770 |this series, there's nothing outside of that, that I do with Fibonacci that is necessity. Or necessary rather that you need to do with Fibonacci to make it any
++|123 |00:21:40,770 ~-~-> 00:21:50,910 |more complicated than it is. You're you're looking to find a pullback between the 69 and 79% retracement levels. And hopefully that is an overlay of in order
++|124 |00:21:50,910 ~-~-> 00:22:01,530 |block within a higher time frame directional premise. And it's simply that you just wait for that to unfold. And you use your swing projections and your market
++|125 |00:22:01,530 ~-~-> 00:22:14,760 |structure to define highs and lows that you would look for extensions in your Fibonacci for price objectives. Okay. Now London open and New York open our
++|126 |00:22:14,760 ~-~-> 00:22:25,650 |ideal day trade sessions with unique traits. Typically, we learned that the long open has specific characteristics that's inherently directly related to the
++|127 |00:22:25,650 ~-~-> 00:22:35,880 |higher low of daily range. And the New York open typically has a specific characteristic that is in relationship to what takes place during the London
++|128 |00:22:35,880 ~-~-> 00:22:45,390 |open. And by specifically trading those time when there's our ICT kill zones, you have the highest probability to trade when specific market turning points
++|129 |00:22:45,420 ~-~-> 00:22:56,520 |take place. Now the majority of the daily range highs and or lows formed in specific time windows or what I commonly refer to as icy till ICT kill zones.
++|130 |00:22:57,810 ~-~-> 00:23:07,770 |It's not enough simply because you have the free time to sit in front of the charts, you expect price to move, you have to be on board and plugged in. When
++|131 |00:23:07,920 ~-~-> 00:23:18,030 |the players are on the on the playing field. If the banks are not looking to do anything transactionally the market is not going to be moving. And we've
++|132 |00:23:18,030 ~-~-> 00:23:28,650 |identified where they generally like to cluster in terms of volatility, we see a volatility injection in London open a volatility injection during the New York
++|133 |00:23:28,650 ~-~-> 00:23:40,050 |open and a volatility injection at the London close and very, very minor little movements in Asia. Okay, and we look for weekly setups that align with higher
++|134 |00:23:40,050 ~-~-> 00:23:49,800 |timeframe, timing price, at key support resistance levels. So we understand how to look at higher time frame support resistance we understand how to break down
++|135 |00:23:50,100 ~-~-> 00:23:57,030 |the directional bias on the higher time frame daily and for our we understand how to look at specific times of the day and specific days of the week. We
++|136 |00:23:57,030 ~-~-> 00:24:10,860 |understand by blending all those things. That's what facilitates or defines a high probability, low risk trade. Lastly, trade with controlled risk management
++|137 |00:24:10,890 ~-~-> 00:24:20,460 |and equity management always, it's not enough by having sound principle oriented trading concepts. It's not enough. If you over leverage or if you over trade,
++|138 |00:24:20,730 ~-~-> 00:24:30,000 |you will blow your account. Okay. So it's important that you work within a demo account setting until you're absolutely 100% confident with your ability to
++|139 |00:24:30,000 ~-~-> 00:24:39,840 |stick to within a realm of rules and discipline oriented trading. Only then when you decide I can't define it for you. I'm not suggesting that you should start
++|140 |00:24:39,870 ~-~-> 00:24:49,050 |trading live money until you yourself have assumed responsibility. You've assumed the understanding that's necessary for you as a trader, emotionally
++|141 |00:24:49,050 ~-~-> 00:24:57,090 |psychologically, before you place a single penny at risk in the marketplace. You need to define yourself as a trader, what specifically you're going to be
++|142 |00:24:57,090 ~-~-> 00:25:04,350 |dealing okay and then when you understand that Even then still keep your risk exposure very, very low.
++|143 |00:25:10,080 ~-~-> 00:25:21,360 |Okay, what analysis and process is used to study the daily chart? Okay, we're gonna be looking at the macro view on large funds in order flows. Now the ICT
++|144 |00:25:21,360 ~-~-> 00:25:29,100 |daily chart timeframe checklist now this is what you're doing. Okay, when you first sit down at your your chart and you first begin your analysis on a
++|145 |00:25:29,100 ~-~-> 00:25:37,890 |particular pair asset class, if you will. You have your daily chart opened up, okay, what is it, you're supposed to be doing? Well, our concepts that we shared
++|146 |00:25:37,890 ~-~-> 00:25:47,820 |in this video series, okay, teach us the very first thing is that we look to see where yields are okay, because the market seeks yield, and where yields are
++|147 |00:25:47,820 ~-~-> 00:26:03,300 |supplied there to is where price will draw to, okay, and we understand that the 10 year German and the 10 year USD bond yields are useful. You can look at the
++|148 |00:26:05,220 ~-~-> 00:26:17,160 |European, UK rather 10 year bond yield as well. And when you start seeing these divergence, as we discussed, okay, that's usually a telling sign that we're
++|149 |00:26:17,160 ~-~-> 00:26:28,170 |going to be seeing a shift. But if you are familiar with the futures market, you could look at the 10 year t note. Okay, and whatever the T note price is doing
++|150 |00:26:28,170 ~-~-> 00:26:35,700 |just that's going to be the opposite what yields are doing. So if t notes are going up, yields are going down, if t notes are going down, in the futures
++|151 |00:26:35,700 ~-~-> 00:26:46,830 |price, that means yields are going up, okay, and yields that go up will generally on a higher time frame basis will generally pull price up in the
++|152 |00:26:46,830 ~-~-> 00:26:57,060 |currency market. Okay? So it's always chasing yield yield. The yield itself is the directional premise, you follow where the yield is, okay. Or if you want to
++|153 |00:26:57,060 ~-~-> 00:27:07,860 |use the futures market, it's going to be the opposite with a teenager doing great. Now, seasonal tendencies are something that I consider, but they are not
++|154 |00:27:07,860 ~-~-> 00:27:17,460 |a panacea. They're not a be all end all. And they're no guarantee. Now I use them, as I suggested in this video series. They're more like a roadmap. And if I
++|155 |00:27:17,460 ~-~-> 00:27:29,490 |was asked you, in the States, we have you pretty routine seasonal influences. We understand when the snow is most likely to occur, what months of the year, we
++|156 |00:27:29,490 ~-~-> 00:27:37,500 |understand when it's going to be hot, we understand when it's going to be cool.  We understand when there's going to be allergy season, okay, seasonal tendencies
++|157 |00:27:37,530 ~-~-> 00:27:48,270 |are valuable, because we can look at when the large significant price moves are most likely to occur. Specifically, during certain months of the year, I would
++|158 |00:27:48,270 ~-~-> 00:27:57,330 |count you to utilize the seasonal tendency in that capacity first until you grow in your understanding of how the seasonal tendency chart really communicates
++|159 |00:27:57,360 ~-~-> 00:28:06,240 |what's going on. It's not simply looking at the lowest low and the seasonal, any certain say, Okay, well, the market makes a low on this chart between this month
++|160 |00:28:06,240 ~-~-> 00:28:14,580 |and that month, therefore I'm willing to be looking to be buying then No, you have to have some other technical characteristics behind the idea not to simply
++|161 |00:28:14,580 ~-~-> 00:28:22,980 |doing it because a seasonal tendency suggested it's going to make a lower high, okay, we're really more inclined to following when there's a large price swing
++|162 |00:28:23,010 ~-~-> 00:28:35,760 |that usually moves in one direction or the other. That's really the basis for how I use seasonal tendencies. Okay, we look on a daily chart, for obvious key
++|163 |00:28:35,760 ~-~-> 00:28:46,350 |support resistance levels. Now we note these with at least two to three years of data on our screen. Okay, by having that that amount of data on your chart, it
++|164 |00:28:46,350 ~-~-> 00:28:56,970 |really will remove the necessity of having your weekly chart analysis done.  Okay, but it will at least give you feel the higher level support resistance
++|165 |00:28:56,970 ~-~-> 00:29:10,380 |levels that may be outside the scope of most myopic neophyte traders that simply don't look beyond in the last couple of weeks. Okay, now, do not discount the
++|166 |00:29:10,380 ~-~-> 00:29:20,250 |levels acquired on a study of weekly and monthly charts, okay, because these two are odds builders, they have the the impact, okay, of creating very, very
++|167 |00:29:20,250 ~-~-> 00:29:28,620 |dynamic reversals, okay. And if you ignore them, okay, you're really handicapping yourself. So while I didn't spend a whole lot of time in this
++|168 |00:29:28,620 ~-~-> 00:29:36,690 |series doing that, it would be very foolish, I mean, not to at least include it as a suggestion that you should be looking at the monthly weekly charts
++|169 |00:29:36,750 ~-~-> 00:29:45,750 |periodically, not a whole lot to once in a while, just take a gander at and you'll you'll hopefully, see you're within a range that facilitates sound
++|170 |00:29:45,750 ~-~-> 00:29:55,740 |trading with the daily chart and lower timeframes in mind. Okay, on the daily chart, we try to determine the current market structure Okay. Are we in a
++|171 |00:29:55,740 ~-~-> 00:30:04,440 |bullish market structure or a bearish market structure have we just encountered a market structure shift, okay, it has a specific key hide and taken out. So now
++|172 |00:30:04,440 ~-~-> 00:30:09,240 |we will be looking for a buy model to unfold, or is a swing low
++|173 |00:30:09,390 ~-~-> 00:30:19,800 |of any importance it's unfolded, where we now look for bearish markets moves on sell model to unfold. Okay, what price swing? Are we trading? Is it a long term
++|174 |00:30:19,800 ~-~-> 00:30:27,540 |price swing? Is it in return swing? Or is the short term swing? Okay, these are things that you have to discern that are really built upon the type of trade
++|175 |00:30:27,540 ~-~-> 00:30:38,790 |that you're going to be hunting. What are large funds doing? And where is the order flow suggesting prices trading up or down? Basically, it's like market
++|176 |00:30:38,790 ~-~-> 00:30:51,120 |structure or order flow where if we take out specific highs and lows, again, in conjunction with market structure as a whole, if we see flows are bullish, okay,
++|177 |00:30:51,360 ~-~-> 00:31:01,740 |we need to be starting to look for our tools that suggest and support the notion that the higher prices are in order. And vice versa for selling scenarios.
++|178 |00:31:03,990 ~-~-> 00:31:12,300 |overlaying the nine exponential moving average and 18 exponential moving average, okay for the buy and sell models is very useful for directional bias.
++|179 |00:31:12,360 ~-~-> 00:31:18,900 |It's one of the reoccurring themes I get an email all the time, you know, how do I know if the markets gonna go up? I don't know if it's gonna go down? Well,
++|180 |00:31:18,900 ~-~-> 00:31:28,590 |first, I'll tell you now like I tell everybody in email, I don't know for certain it's always going to be up or down. I just have a odds of knowing over a
++|181 |00:31:28,590 ~-~-> 00:31:39,750 |period of time, more often right than I'm wrong in terms of directional premise.  And that's all you need in trading. But to mathematically define how you as a
++|182 |00:31:39,750 ~-~-> 00:31:50,130 |neophyte trader can classically determine a bullish or bearish market, okay, just by looking at a nine and 18 will give you a very, very good tool for
++|183 |00:31:50,130 ~-~-> 00:32:00,090 |looking for weekly setups. When a nine exponential moving average is greater than the exponential moving average, that means the nine is above the 18. We
++|184 |00:32:00,090 ~-~-> 00:32:10,320 |look to focus simply on taking long trades, okay, we're only trying to buy that market when the nine exponential moving average is less than the 18 exponential
++|185 |00:32:10,320 ~-~-> 00:32:24,600 |moving average, or in other words, the nine is below the 18. We focus on shorts only. Okay, we highlight key swing lows and swing highs. Now by having that we,
++|186 |00:32:25,350 ~-~-> 00:32:36,780 |we have to note the high the low to open the closed on each of the three bars that comprise a swing high and swing low, because those specific levels are
++|187 |00:32:36,780 ~-~-> 00:32:50,850 |gonna be very, very sensitive. Now, if you spend a lot of time looking at price charts, okay, on a daily chart, do some exercises okay to further build your
++|188 |00:32:50,850 ~-~-> 00:32:59,370 |understanding of how the high low open and closed prices are sensitive. Because when price goes back to those levels eventually, at a later time, you'll see
++|189 |00:32:59,370 ~-~-> 00:33:11,790 |many times that that's exactly where price patterns will form. And they'll happen to occur during an ICT Killzone identify major reaction levels where
++|190 |00:33:11,790 ~-~-> 00:33:19,740 |price obviously in strongly moves away from particular level. Okay, that's the footprint we're looking for when we see that we know when we have institutional
++|191 |00:33:19,740 ~-~-> 00:33:31,200 |sponsorship. So we have the first pullback, that's what we buy, or if it's declined the first rally up, okay, that's when we look to sell into highlight
++|192 |00:33:31,200 ~-~-> 00:33:40,020 |potential order blocks where price will possibly react in similar fashion. Now, I'm not going to revisit order blocks because I did it exhaustively in this
++|193 |00:33:40,020 ~-~-> 00:33:50,250 |series. So if you understand that concept of how I determine where institutional order blocks are, you'll know what I mean by this, okay, and I'm going to take a
++|194 |00:33:50,250 ~-~-> 00:33:57,690 |moment here to amplify what we're doing because this may look like an oversimplification so far in this video, but I really want you to understand
++|195 |00:33:58,320 ~-~-> 00:34:08,670 |there was a whole lot of information delivered to you over seven individual videos. I'm not going to build up each pick each piece of this with examples
++|196 |00:34:08,670 ~-~-> 00:34:17,040 |because you already have that understanding in the video itself. So you have to take that information and build it upon this checklist okay and amplify your
++|197 |00:34:17,040 ~-~-> 00:34:27,840 |understanding of what's necessary. Now all levels and order blocks are carried over to the lower four hour and 16 minutes and lesser timeframes.
++|198 |00:34:34,110 ~-~-> 00:34:45,750 |Okay, what analysis and processes used on the study of the four hour chart now the intermediate view on large funds and order flows it's the ICT four hour
++|199 |00:34:45,750 ~-~-> 00:34:55,500 |chart, timeframe checklist. Okay, now the daily analysis is kept in focus here.  Okay, simply because we're down on a four hour chart does not mean we simply
++|200 |00:34:55,500 ~-~-> 00:35:05,850 |toss away the analysis and the premise that's arrived at Looking at the daily chart, now we hold on to this bias, okay derived on the daily chart as our
++|201 |00:35:05,850 ~-~-> 00:35:19,530 |foundational basis for trade ideas. While the daily analysis is any buy model, we look for key support levels to stock setups on. And conversely, while the
++|202 |00:35:19,530 ~-~-> 00:35:30,480 |daily analysis is in a sell mode, we'd look for key resistance levels to stock setups on majority of stop orders are discernible on this timeframe. Look for
++|203 |00:35:30,480 ~-~-> 00:35:38,730 |rating candidates, because they're going to provide you liquidity and where there's liquidity pools, there's going to be very discernible clear highs and
++|204 |00:35:38,730 ~-~-> 00:35:50,160 |lows that if taken out, it would still keep the overall price structure. You either bullish or bearish. But you got to ask yourself always, you know, where's
++|205 |00:35:50,160 ~-~-> 00:35:59,190 |the guys that are profiting right now? Where are they placing their stop loss order, because before the next significant price move happens? invariably that
++|206 |00:35:59,190 ~-~-> 00:36:12,630 |levels rated and tested and then quickly seeing price reject and go the other way. Define for our order flow and coupled this with market structure. What do I
++|207 |00:36:12,630 ~-~-> 00:36:24,030 |mean by that? Okay, well, we look at the four hour trend. Okay, we look at key highs and lows, if a specific short term high is taken out on a four hour chart,
++|208 |00:36:24,660 ~-~-> 00:36:34,890 |once that's taken out, our order flow market flow is changed to bullish. Okay.  And we're gonna be looking for that to be in alignment with the higher timeframe
++|209 |00:36:34,890 ~-~-> 00:36:43,920 |daily. Ideally, the same thing would be seen on the daily chart. In other words, if we have a short term high, taken out on the daily chart, or flows down
++|210 |00:36:43,920 ~-~-> 00:36:53,490 |bullish. So if you're looking at the four hour timeframe, when the four hour market flow and order flow changes to bullishness, we have both in agreement.
++|211 |00:36:53,670 ~-~-> 00:37:03,240 |Okay. That's simply not enough. You have to have that coupled with market structure. Are we having a entering a term, a long term or short term low or
++|212 |00:37:03,240 ~-~-> 00:37:11,730 |high forming? And where are we at in terms of price swings, okay, by blending all those components together, okay, you'll find that you're buying at support
++|213 |00:37:11,880 ~-~-> 00:37:23,280 |when the daily trend or bias is up. And conversely, the same thing can be said in reverse, when it for our order flow is coupled with the market structure,
++|214 |00:37:23,490 ~-~-> 00:37:36,510 |okay, you're gonna be selling resistance when the daily is down. Look for reaction levels within the daily directional premise or bias. That means your
++|215 |00:37:36,510 ~-~-> 00:37:47,670 |four hour chart is going to see quick sudden rallies or declines. Okay. Ideally, those moves will be in the same direction that you have arrived at for a bias on
++|216 |00:37:47,670 ~-~-> 00:37:57,150 |your daily chart. If it's not, you don't trade it. That's not your trade. Okay, so we're filtering out a specific side of the marketplace that we want to be
++|217 |00:37:58,680 ~-~-> 00:38:05,640 |executing our trades on. Yes, you're going to miss trades. I'm promising you that you're going to miss trades. I'm promising you that you're going to miss
++|218 |00:38:05,640 ~-~-> 00:38:15,690 |explosive dynamic moves that are counter trend, who cares? You want to be consistently taking one solid setup per week profiting moving to the sidelines
++|219 |00:38:15,720 ~-~-> 00:38:27,210 |and waiting for the next setup. waterblocks can be fine tuned on this period, and more precise levels at or near institutional levels. So in other words, by
++|220 |00:38:27,210 ~-~-> 00:38:40,140 |taking your your 80s, your 20s, your 50s and your four figures, those levels will be very close if many, if not many times the preseason levels that you will
++|221 |00:38:40,140 ~-~-> 00:38:51,090 |see these formations and price patterns take place. If in doubt on the daily chart, the four hour chart can be used as the guiding light on directional bias
++|222 |00:38:53,520 ~-~-> 00:39:00,420 |all for our analysis is carried out and over two to 60 minute chart and or lower timeframes.
++|223 |00:39:07,140 ~-~-> 00:39:18,120 |What analysis and processes used on the study of the 60 minute chart. Now this is the short term view one large funds and order flows. The ICT 60 minute chart
++|224 |00:39:18,120 ~-~-> 00:39:29,310 |timeframe checklist is as follows. The Daily analysis is still kept in focus here. And again, we are still holding on to this as our basis and foundational
++|225 |00:39:29,730 ~-~-> 00:39:43,470 |basis for trade ideas. Daily analysis could be mixed, so consult for our perspective if that's the case. Ideally, daily and four hour should agree. The
++|226 |00:39:43,470 ~-~-> 00:39:54,630 |order blocks on both daily and four hour will produce the highest probability setups, so it's important that you focus there first. The reaction levels seen
++|227 |00:39:54,660 ~-~-> 00:40:06,030 |on the 60 minute chart will permit fine tune entry with the realization of order blocks and those auto blacks will be selected. Based on the same premise that
++|228 |00:40:06,030 ~-~-> 00:40:17,520 |you find on the four hour and daily, a sudden quick advancement price or declining price, then it returned to the point of origin. Viewing the weekly
++|229 |00:40:17,520 ~-~-> 00:40:31,650 |perspective on a 60 minute basis will provide a good vantage point for swings.  Now, when you're looking at a weekly section of price action, okay, it's very
++|230 |00:40:31,650 ~-~-> 00:40:42,990 |easily studied with a 60 minute time frame. If not a 60 minute, a 15 minute is is as good as any. But for now, sticking to the three hour time frame, if you
++|231 |00:40:42,990 ~-~-> 00:40:53,910 |look at your weekly basis, overall perspective rather, on price action on the words, looking at two to three weeks worth of data, one on one hour chart is is
++|232 |00:40:53,910 ~-~-> 00:41:03,240 |ideal gives you a good vantage point for understanding where prices are swinging and retracing back into where you can find what range you're trading within.
++|233 |00:41:05,850 ~-~-> 00:41:15,840 |Look for logical levels where retail traders and funds would possibly have their stops resting near again, looking for possible liquidity pools before the next
++|234 |00:41:15,840 ~-~-> 00:41:27,510 |significant price advancement or decline. Use market structure concepts and fibs to stop possible consequences where setups will form. Again, you're down to your
++|235 |00:41:27,510 ~-~-> 00:41:41,940 |lower of the three higher timeframe perspectives. By utilizing your fibs on this particular price chart will give you very dynamic risk reward ratios Okay, your
++|236 |00:41:41,940 ~-~-> 00:41:50,850 |risk will be very low many times ideally you want to be hunting 123 risk reward Okay, so don't worry Jeremy hoping to make it as much as three times what you're
++|237 |00:41:50,850 ~-~-> 00:42:03,030 |risking the day of the week theory is a rough idea where the weekly high or low is likely to form. So by implementing that idea with studying the 60 minute
++|238 |00:42:03,030 ~-~-> 00:42:14,850 |chart with two to three week vantage point, in terms of how much data you have on your chart. That'll give you a very good basis to work within. If we are
++|239 |00:42:14,850 ~-~-> 00:42:26,520 |bullish and hunting a weekly long setup, typically Monday to Wednesday, typically the weekly low is established. If we are bearish and hunting and
++|240 |00:42:26,520 ~-~-> 00:42:37,920 |weekly short set up Monday to Wednesday, typically the weekly high is established. We are not looking to trade every day. We're looking for one solid
++|241 |00:42:37,920 ~-~-> 00:42:50,400 |setup per week, consistently, that should be your goal. You can trade intraday day trades. In the same directional premise it's we've arrived at on the daily
++|242 |00:42:50,460 ~-~-> 00:43:02,550 |and four hour do not use the 60 minute without at least referring to the four hour and ideally with the daily as well. Okay, but if you are a day trader and
++|243 |00:43:02,550 ~-~-> 00:43:13,260 |you're using this course of understanding and price action as your beginning point or foundational study, and you simply want to be a day trader and aren't
++|244 |00:43:13,290 ~-~-> 00:43:22,830 |limiting yourself to just taking one setup per week. If you're trading in the directional premise that's arrived at by using these concepts you can still do
++|245 |00:43:23,280 ~-~-> 00:43:36,210 |your day trading but still focusing on that one side of the marketplace either being a buyer or seller based on Dalian for our all daily and four hour and 60
++|246 |00:43:36,210 ~-~-> 00:43:40,890 |minute analysis is carried over to the 15 and or five minute timeframes.
++|247 |00:43:47,610 ~-~-> 00:43:59,340 |Okay what analysis and processes used to study of the 15 and five minute chart Okay, this is the execution view on large funds and order flows. And the ICT, 15
++|248 |00:43:59,370 ~-~-> 00:44:10,080 |or fifth I'm sorry, 15 or five minute chart, timeframe checklist. The Daily four hour and 60 minute perspective is maintained even while studying price action on
++|249 |00:44:10,080 ~-~-> 00:44:20,760 |the lower timeframe. 15 or five minute charts have the days separated with vertical lines to highlight possible day of the week theory. Again, if we're
++|250 |00:44:20,760 ~-~-> 00:44:29,280 |looking for the weekly, higher low to form, it's going to generally happen between Monday, Tuesday or Wednesday. And there's more detail as to when it's
++|251 |00:44:29,280 ~-~-> 00:44:38,280 |more specifically expected to happen in the video series if you go through the material. But for now, we can generalize it by saying Monday to Wednesday, the
++|252 |00:44:38,280 ~-~-> 00:44:52,740 |weekly higher low was formed so that way you can trade the rest of the week in that directional bias. Note the Asian range high and lo each day. Five GMT is
++|253 |00:44:52,740 ~-~-> 00:45:02,880 |the end of the Asian range parameter. So what happens after five GMT which is essentially 12 midnight New York time My time. That's where I classify the new
++|254 |00:45:02,880 ~-~-> 00:45:12,600 |day. Now, one could argue again, like I mentioned in the video course, that the new day starts in Wellington. And I'll leave that up to you to decide. But for
++|255 |00:45:12,600 ~-~-> 00:45:23,490 |now, if you want to look at the market the way I'm looking at the market, I considered midnight the new day. And what happens after that price point is many
++|256 |00:45:23,490 ~-~-> 00:45:38,040 |times, many more valuable in terms of what takes place prior to that. Look for the daily highs to form in cell models between seven GMT and 10 GMT. This is
++|257 |00:45:38,040 ~-~-> 00:45:49,500 |typically the London session, London and variably has a high probable likelihood if you will, of forming the daily candles high or low. Okay, and if we
++|258 |00:45:49,500 ~-~-> 00:46:00,690 |formulated the trading bias to be bearish, okay, we could be hunting the daily candles high to form between a specific time window and generally that's seven
++|259 |00:46:00,960 ~-~-> 00:46:14,880 |GMT to 10 GMT or the London session. And conversely, if you look at the daily lows, you could find them forming in by models between seven GMT and 10 GMT.
++|260 |00:46:16,920 ~-~-> 00:46:27,990 |Now, typically, the daily high or low is formed on a sharp counter trend direction on that day. In other words, it's the Judas swing. It's a false move
++|261 |00:46:27,990 ~-~-> 00:46:41,040 |initially to fake everyone out and then quickly rejects and goes the other way.  Go we stock the setups by combining time and price theory, we hunt inside time
++|262 |00:46:41,040 ~-~-> 00:46:56,700 |windows and within large order blocks found on the 60 minute, four hour and daily timeframes opposite daily high or low is formed inside the 15 GMT to 16
++|263 |00:46:56,700 ~-~-> 00:47:07,230 |GMT ours, London close. What am I mean by that that means that if the high is formed in London, the low on the candle for that day is generally made during
++|264 |00:47:07,230 ~-~-> 00:47:23,220 |the 1500 GMT to 1600 GMT if the the reverse is made in London, okay, the opposite spectrum of the daily candle range higher low is formed obviously,
++|265 |00:47:23,370 ~-~-> 00:47:32,280 |during London close so I guess one could easily say it that the higher lows formed in London open and during London close the higher lows formed.
++|266 |00:47:32,820 ~-~-> 00:47:33,570 |Conversely,
++|267 |00:47:41,160 ~-~-> 00:47:50,070 |when time and price theory overlap trading patterns will form and that could be in the form of an optimal trade entry, harmonic pattern trading patterns and
++|268 |00:47:50,070 ~-~-> 00:47:58,590 |even simple divergence. Okay, so having this on this understanding will facilitate a whole nother level of trading for you. And that way you can
++|269 |00:47:58,590 ~-~-> 00:48:09,630 |identify a very, very high probability low risk trade scenarios where price action alone as the catalyst is already predisposed to move in that direction.
++|270 |00:48:11,370 ~-~-> 00:48:22,860 |Use fibs and swing projections to determine possible price objectives to form risk reward ratios. Use fibs to fine tune entry points inside order blocks with
++|271 |00:48:22,860 ~-~-> 00:48:34,650 |London and New York. ICT kill zones. If the London setup is missed, or you were incorrect and stopped out, you can use 12 GMT, the 14 GMT do New York open
++|272 |00:48:34,650 ~-~-> 00:48:45,420 |session. Now most of the time New York open is a continuation set up on the heels of what London's action already placed in. So in other words, if London
++|273 |00:48:45,420 ~-~-> 00:48:54,930 |posted the daily high and it's been going lower, many times the New York open session will be a retracement within the range formed for the daily candle at
++|274 |00:48:54,930 ~-~-> 00:49:06,060 |that point from the high may in London to now continuation going into the London close off completing the daily candles, price action. Now you want to avoid the
++|275 |00:49:06,060 ~-~-> 00:49:22,110 |New York open setups. If daily swings are maturing into key support resistance.  New York open could produce reversals all trades should be limited to 1% risk of
++|276 |00:49:22,110 ~-~-> 00:49:34,530 |total account balance ideally while learning point two five and always one quarter of 1% to one half of 1% risk should be the beginning traders parameters
++|277 |00:49:34,560 ~-~-> 00:49:45,870 |for maximum risk exposure. And as you get more consistent, obviously you can move towards 1% risk. But I would certainly advise you not to go above 2% even
++|278 |00:49:45,870 ~-~-> 00:49:59,400 |though it's commonly driven down our throats that 2% is the industry standard.  Most professionals do not trade with 2%. If a loss is taken reduce risk and
++|279 |00:49:59,400 ~-~-> 00:50:07,830 |leverage in Half until the loss is recouped. It's slow and steady. That's what wins the race. Okay, so even though one could argue it's going to take you
++|280 |00:50:07,860 ~-~-> 00:50:17,130 |longer to recoup the loss if you have less risk exposure, but I'm going to count you to go back to how we are looking at trades. If we're looking for trades that
++|281 |00:50:17,130 ~-~-> 00:50:28,770 |have three to one payout numbers we're making as many times three or more times what we risk, it doesn't take very long to recoup the loss. Okay. So
++|282 |00:50:28,800 ~-~-> 00:50:37,800 |theoretically, one could argue the thought process of that it's going to take you longer, that doesn't hold water, okay. And if you put it to, if you put
++|283 |00:50:37,800 ~-~-> 00:50:47,460 |these concepts to task, you'll see what I mean. It's it's so much more understood, obviously, by applying it and seeing it in action even in a demo
++|284 |00:50:47,460 ~-~-> 00:50:56,850 |account setting, which is what I advise you to do anyway. Do not rush the patterns, wait for the setups and the time of day for the highest possible odds.
++|285 |00:50:57,390 ~-~-> 00:51:07,560 |Do not feel rushed. You don't need to rush simply because you have time that be sitting in from computers does not equate to profitable trading. So it's really
++|286 |00:51:07,560 ~-~-> 00:51:20,640 |important to hammer that in your head. Focus on 16 minute reaction levels for ideal risk reward ratios again, many times 123 or better. In other words, you
++|287 |00:51:20,640 ~-~-> 00:51:33,000 |want at least three times what you hope to absorb as a not hope to but if you're willing to take a loss in other words, if you take a loss of 20 pips, okay,
++|288 |00:51:33,300 ~-~-> 00:51:44,040 |you're looking for ideal trades, at least 60 pips or more. Okay, so the setup that you're trading to the parameters that outline that trade idea, the risk is
++|289 |00:51:44,040 ~-~-> 00:51:53,940 |defined to 20 pips, ideally you want 60 pips or more in terms of profit potential, okay. So if you stay in that realm, you'll you'll be very, very
++|290 |00:51:54,000 ~-~-> 00:52:06,540 |effective in terms of long term trading, you only need to be about 70% of the time, you know, to be wildly profitable, wildly profitable. But if you trade
++|291 |00:52:06,540 ~-~-> 00:52:17,670 |with three to one, you can be far less accurate in terms of your trading, and still be profitable. And that's really where you want to start as a trader. If
++|292 |00:52:17,670 ~-~-> 00:52:27,120 |you have no foundation in the daily or four hour timeframes, you have absolutely zero reason to be this late this stage of analysis. Don't even look at a 15
++|293 |00:52:27,120 ~-~-> 00:52:33,450 |minute timeframe. Don't look at a five minute chart, because what you're going to do is you're going to talk yourself into a trade that may or may not have its
++|294 |00:52:33,450 ~-~-> 00:52:38,370 |foundation or premise built upon the higher timeframe daily and four hour and one hour charts.
++|295 |00:52:40,560 ~-~-> 00:52:52,320 |Stay patient and stay focused results will manifest and absolutely surprise you.  Now, hopefully, this course has been insightful to you. And it's been crammed
++|296 |00:52:52,320 ~-~-> 00:53:06,240 |with a lot of price action analysis concepts that are unique to me. But there are many in the world of naysayers, okay, they have watched some of my material
++|297 |00:53:06,240 ~-~-> 00:53:15,540 |or if not all of my material and walked away thinking, well, he has too many moving parts, okay. And there's too many things for his concepts to be
++|298 |00:53:15,540 ~-~-> 00:53:28,320 |applicable. And again, I'm revisiting that because I want you to close with the premise in mind that think about the concept of riding a bike. Okay? When you're
++|299 |00:53:28,320 ~-~-> 00:53:36,120 |a child, you watch someone, maybe it was your older brother or sister riding the bicycle. Okay, you aspired to do that very thing. And perhaps that person that
++|300 |00:53:36,120 ~-~-> 00:53:45,810 |you were aspiring to ride, like a kid was able to do a wheelie No, or take a ride on his rear rear wheel. Okay, or when I was growing up, we were like to the
++|301 |00:53:45,810 ~-~-> 00:53:58,440 |years of BMX, bicycling, and Chick, chick riding, where you could sit on the handlebars and ride backwards on a bike, and that's advanced level riding, okay?
++|302 |00:53:58,950 ~-~-> 00:54:10,980 |You can't do the things that those types of riders, okay, perform until you get past the training wheels. But before you even get to a training loss, you got to
++|303 |00:54:10,980 ~-~-> 00:54:21,360 |be able to get on the bike and mount yourself and stay on it before you can even start pedaling their stages of development. Okay. Now, obviously, if you were to
++|304 |00:54:21,360 ~-~-> 00:54:33,450 |break down each component from the grandest scale of being proficient at riding a bicycle, to the minute detail of simply beginning the origin of aspiring to
++|305 |00:54:33,450 ~-~-> 00:54:46,860 |want to ride the bicycle, okay? Anything and everything could be made very daunting, with a measurable level of explanation. But this in terms of trading
++|306 |00:54:46,860 ~-~-> 00:54:59,280 |and speculation is so dangerous to a trader with no real understanding. It's important that you have as much understanding general knowledge before you put
++|307 |00:54:59,310 ~-~-> 00:55:08,700 |your money at risk. risk, okay. And I think if you studied this information, and you had traded prior to understanding these things, you would feel a little
++|308 |00:55:08,700 ~-~-> 00:55:17,820 |foolish on your part that you, you're probably questioning why you were trading before you understood these types of things. And that's good that you identify
++|309 |00:55:17,820 ~-~-> 00:55:30,780 |that. But my main point here is, while it takes a large amount of time and effort on my part and yours, to discern the general approach and concepts and
++|310 |00:55:30,780 ~-~-> 00:55:43,080 |core tenants to how I view and analysis, they, overall summary of these things, okay, are very condensed. And even this summary here, once you understand
++|311 |00:55:43,080 ~-~-> 00:55:54,840 |specifically what it is, it's expected of you, as a trader, you could take this entire summary and place it in a form of simple text that will fit on a business
++|312 |00:55:54,840 ~-~-> 00:56:07,110 |card. Okay. Basically, this is a summarized view of what it is that you should have gleaned from this course. But ultimately, it's this. If the daily chart
++|313 |00:56:07,110 ~-~-> 00:56:17,820 |suggests it's going to go up, and the four hour is in agreement that it's going to go up, use the one hour chart to set up a time frame setup that allows at
++|314 |00:56:17,820 ~-~-> 00:56:28,290 |least three to one risk reward. Okay, so to summarize, that would be simply this, look at an hourly chart. By when the daily and four hour suggests it's,
++|315 |00:56:28,650 ~-~-> 00:56:39,930 |it's likely to go higher. Use your fibs for for optimal trade entry pattern, where it overlaps with the order block, use a previous high as your first
++|316 |00:56:39,930 ~-~-> 00:56:50,790 |objective to exit with profit, and then use Fibonacci extensions to take your additional profits look to be buying on a Monday, Tuesday or Wednesday when it's
++|317 |00:56:50,790 ~-~-> 00:57:05,100 |bullish, okay. And diverse reverses said for sells. You time your entries during London in New York risk only 1% or one quarter percent or one half percent based
++|318 |00:57:05,100 ~-~-> 00:57:13,740 |on your understanding words, it's either, if you're brand new at this, it's one quarter of 1%. Even in a demo account, don't think just because it's not real
++|319 |00:57:13,740 ~-~-> 00:57:22,470 |money, you know, you're not going to you know, learn anything, you're gonna learn a whole lot, or as much as half of 1%. But certainly no more than 1%.
++|320 |00:57:22,500 ~-~-> 00:57:31,440 |Because it's important that you develop the idea of growing your money steadily, but not exponentially quick. Okay, that can come at a later time when you
++|321 |00:57:31,440 ~-~-> 00:57:40,410 |understand a lot more about yourself as a trader, not in the beginning. Okay. So simply having the understanding of all the things that we've talked about here,
++|322 |00:57:41,010 ~-~-> 00:57:51,330 |okay, incorporating that into a process. By doing that systematically over and over and over again, it will become in ingrained in your memory, it'll be a
++|323 |00:57:51,330 ~-~-> 00:58:02,130 |process of simply just doing it and not thinking about it. But collectively, if you understand everything that was talked about and conceptually broken down,
++|324 |00:58:02,640 ~-~-> 00:58:12,720 |the understanding of actually doing those very things, the procedure can be really condensed to a business card, amount of space in terms of identifying,
++|325 |00:58:12,990 ~-~-> 00:58:21,630 |but if you were to take that business card and hand it to someone that has no understanding or general understanding of how the markets operate, that business
++|326 |00:58:21,630 ~-~-> 00:58:30,480 |card is the same thing I said, when I initially came out on baby pips, and said that I could put this information on the front of USA Today, and it would go
++|327 |00:58:30,480 ~-~-> 00:58:39,990 |largely ignored, because it would go right over everyone's head. So that's why I forced you number one with six months of study time. I forced you to have
++|328 |00:58:39,990 ~-~-> 00:58:49,080 |exercises modularly. And now with this, even though if someone's just looking at this video module, they're thinking this is ridiculous, this is useless. That's
++|329 |00:58:49,080 ~-~-> 00:58:57,780 |precisely my point. You got to go back through the videos, take those pieces of information to arrive at this summary. And when you formulate it in this form
++|330 |00:58:57,780 ~-~-> 00:59:07,080 |here when you understand each component, you have absolutely the ICT million dollar trading plan. And with that, guys, I wish you good luck and good trading
--2
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--and final installment in the scout
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--this episode. In fact, what I've done
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--there's, you'll see that we've spent six
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--collectively, okay and intimately on
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--why it does what it's doing. Okay. And
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--what am I referring to? Well, the time
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--time? Okay, during the London session,
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--York open, okay? 12 to 1400 GMT. Okay,
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--a foundation to price action analysis, I
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--inner circle trader comm it's really the
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--sell any information whatsoever. I do
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--this because of just the sheer passion
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--right so by sharing it, certainly not by
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--Okay, so what it was, we're gonna
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--we're gonna be covering Well, we're
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--understand that, you know, going through
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--funds entering and exiting price seeks
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--yield. So where yields are and where
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--yields are Moving towards that is going
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--action will ensue. Okay, so you have to
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--just simply moving around aimlessly,
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--there is a driving force fundamentally.
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--Okay, driving force behind price action.
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--We cannot always discern what that is.
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--Okay. There are fundamental traders that
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--admittedly, they may be very, very
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--astute in terms of the fundamentals, but
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--me as a trader, I simply can't grasp
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--fundamentals as a central tenant to my
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--trading. So I rely on price action to
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--convey those that are smarter than me in
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--that realm. Okay, because large funds
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--and, and banks are more in tune with the
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--fundamentals and the drivers behind the
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--currency exchange. I allow them to
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--pretty much leave their footprint in the
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--sand and then if they're doing something
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--specific, I'm going to be looking to
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--follow suit, okay. So it removes all the
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--necessity of being a genius. We do not
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--look to predict price moves. Okay, we
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--rather wait for smart money to move
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--price initially, that's going to help
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--you hone the skill of patience. And if
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--you understand what that footprint looks
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--like, and we talked about that in
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--several examples in the series, it
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--allows you to simply wait for that, if
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--you will,
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--road sign,
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--okay, because most individuals sit in
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--front of the charts and you really have
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--no idea what it is specifically looking
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--for. But hopefully with this series, we
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--have zeroed in on what specifically
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--you're looking for that initial move
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--that quick sudden move away from a
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--particular price level that indicates
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--fundamental flows being driven by
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--institutional level trading, okay,
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--retail trading cannot move the market.
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--We are just little fleas on the big
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--dogs. Okay, so if the dogs running,
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--okay, hopefully we're on for the ride.
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--And bottom line is we can just take a
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--little bite here and there but
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--ultimately we can't make the waves we
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--just ride them Now the typical business
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--model and trading is simply
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--understanding that there's a generic
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--price action theory that unfolds on a
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--daily basis that goes over and over and
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--over again between London to New York
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--and London close. Okay. There's a small
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--little pocket of action that goes on in
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--Asia, but we didn't spend any time of
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--any significance really, in that, but I
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--do have a video dealing specifically
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--with Asian trading. So if you look at
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--that, on my YouTube channel, you can
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--certainly glean what it is that's useful
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--for that, that time window or kill zone,
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--but specifically moves repeat in
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--specific times of day and specific days
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--of the week. And that phenomenon, again,
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--is very generic. It's not attributed to
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--any one author. It's not attributed to
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--any one specific source. It's just a
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--generic observation that I've made over
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--the years and gleaning certain things
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--from Larry Williams University. day of
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--the week understanding with his bond and
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--sap trading really gave me the insight
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--to Hey, look, you know what? He's right.
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--You know, because he mentioned in his
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--teachings that, you know, humans, by far
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--and large, were really good starters.
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--Okay, but we really suck really, at, you
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--know, finishing, okay. And we spent a
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--lot of time throughout the week. Okay,
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--China chase money. But as we get closer
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--to Friday, when the markets are closing,
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--our interest really wanes, and we we
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--anticipate the weekend. So we spend the
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--most time of our weekend studying,
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--looking at the fundamental data, price
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--charts, and we're all in a hurry to get
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--ready to do something new for the new
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--week. And that's why typically the
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--weekly higher lows formed in the first
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--couple days of the week and in the
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--weekly range unfolds with that in mind.
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--So we we learned that there's a specific
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--generic business model that takes place
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--and we understand how market makers deal
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--within that overall price. Model long
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--term higher timeframe charts illustrate
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--to the direction of smart money. No
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--smart money again, we've identified as
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--the large funds, institutional banks,
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--traders that have huge, huge accounts
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--and large supplies of money to really
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--cause these major shifts in price. We as
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--traders, we and retail level we cannot
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--cause these major price spikes, okay?
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--It's just simply not enough of us. But
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--when we have higher level entities,
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--okay? They have really deep pockets when
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--they do exchange transactions in the
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--marketplace. They can't hide that. Okay,
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--so there's a very, very telling
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--footprint, okay, left in the charts if
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--you understand what it is you're looking
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--for. It really tips the cards and let
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--you know what it is they're doing. Smart
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--Money or large funds are not scalpers.
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--Okay, they require and produce sustained
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--moves. So that's, that was hopefully one
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--of the main paradigm shifts that you
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--encountered with this series because
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--you're going to need the understanding
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--of waiting for specific price action,
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--okay to unfold before you take action on
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--your retail account, because if you're a
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--scalper and you don't understand the
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--concepts of how large funds and order
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--flows directly impact you as a trader,
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--even as a scalper, you will fail, okay,
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--you have to under have them you have to
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--understanding that, you know, price has
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--to move by a larger entity. And without
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--that institutional quote unquote,
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--sponsorships, I like to refer to as in
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--price moves, you're simply going to not
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--see the advancements in price that you
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--can hope to make even as a scalper.
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--So we
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--we did a very in depth study of smart
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--money and large funds and institutional
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--level, order flow. So when you see that
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--type of thing unfolding in your charts,
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--you know, that's a green light go, you
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--need to start following that market,
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--okay? Now, trading environments where
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--institutional flows move price
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--will,
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--as a direct result, make your equity
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--rise, because you know that the market
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--is predisposed to move on a grand scale,
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--not minor static little short term blips
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--and just static price action. That's not
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--how you want to be trading. Even in any
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--other asset class, not just simply an
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--FX, you have to have that environment
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--where things are moving. Okay. as
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--traders, we need price movement. If if
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--prices stagnant, there's a reason for
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--that and we're going to talk more about
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--that as we go. Quiet markets are quiet
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--for fundamental reasons, specifically,
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--dead money or street money. Invariably
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--trade during these times, because they
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--need to be doing something because they
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--have no plan. They're like a dog in a
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--meat market or nibbling on this and
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--nibbling on that. We as specifically
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--detail oriented traders, okay, very
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--patient, very goal oriented. Okay, we
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--are, we are trained to look for specific
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--things in the marketplace. We don't
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--simply go in there because we have time
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--to sit in front of the computers to do
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--some trading. We are looking for
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--something specifically in the price
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--charts before we even contemplate
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--putting on a trade okay? And that's the
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--divider between the stupid street money
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--okay or the neophyte rookie traders that
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--just because they read some website,
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--okay, claiming to give you the
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--introductory course on price and forex,
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--that will not equate to success because
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--there's a whole lot of other things that
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--have to go on that dimension jority of
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--teaching and resources on the internet
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--simply do not have the understanding or
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--the new the responsible nature and in
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--revealing it to you, okay? So just
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--simply because it's quiet and you think
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--it's safe and your stop loss will be
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--safe because it has been moving around
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--that much think about as as a new trader
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--when you first got involved. Fast
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--markets are scary, right? Why? That's
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--what you want as a trader, okay, you're
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--in control of the risk, you're in
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--control of the leverage. So a fast
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--market can be tamed with your leverage.
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--Okay? But quiet markets are basically
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--just graveyards waiting for you to need
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--to bury yourself in because you'll over
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--trade them because even if, if it's
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--small stuff that you think you're safe
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--by implementing small stuff still get
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--tripped if you're wrong. In 90% of the
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--time, new traders have no idea what
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--you're doing. And this static price
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--action alone will come down and tag you
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--out. But you are neutral. You're going
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--to retreat a quiet market because you
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--need to get that money back and the
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--cycle repeats. And we talked about that
--
--334
--00:15:05,430 ~-~-> 00:15:08,130
--type of thing. In this series, you
--
--335
--00:15:08,160 ~-~-> 00:15:09,720
--require the professional trader,
--
--336
--00:15:09,900 ~-~-> 00:15:12,570
--volatility. And volatility is the
--
--337
--00:15:12,570 ~-~-> 00:15:14,400
--telltale sign that someone with more
--
--338
--00:15:14,400 ~-~-> 00:15:16,530
--money than you is moving the market. And
--
--339
--00:15:16,530 ~-~-> 00:15:18,000
--it's time to start paying attention to
--
--340
--00:15:18,000 ~-~-> 00:15:21,990
--that particular asset class. Okay. price
--
--341
--00:15:21,990 ~-~-> 00:15:24,480
--moves typically in an overall weekly
--
--342
--00:15:24,480 ~-~-> 00:15:26,070
--direction, okay, and you want to be
--
--343
--00:15:26,070 ~-~-> 00:15:28,230
--trading in that direction, whether
--
--344
--00:15:28,230 ~-~-> 00:15:30,990
--you're short term day trading, or if
--
--345
--00:15:30,990 ~-~-> 00:15:32,670
--you're looking like we teach in this
--
--346
--00:15:32,670 ~-~-> 00:15:34,770
--series here, one shot one kill one
--
--347
--00:15:34,770 ~-~-> 00:15:36,930
--weekly setup per week to build
--
--348
--00:15:36,990 ~-~-> 00:15:40,080
--discipline to build, use skill set
--
--349
--00:15:40,140 ~-~-> 00:15:43,200
--development, and understanding how the
--
--350
--00:15:43,920 ~-~-> 00:15:47,070
--institutional in large order flows. Move
--
--351
--00:15:47,070 ~-~-> 00:15:48,660
--the market and you can sit on your hands
--
--352
--00:15:48,660 ~-~-> 00:15:50,970
--and wait for really these cherry setups
--
--353
--00:15:50,970 ~-~-> 00:15:52,320
--where you just simply are just not
--
--354
--00:15:53,040 ~-~-> 00:15:54,480
--you're not interested in all the little
--
--355
--00:15:54,480 ~-~-> 00:15:55,650
--tiny minor moves. You just want
--
--356
--00:15:55,650 ~-~-> 00:15:57,840
--something that's really locked for a
--
--357
--00:15:57,960 ~-~-> 00:16:00,000
--high probability low risk option.
--
--358
--00:16:02,670 ~-~-> 00:16:05,640
--dynamic and or explosive moves result
--
--359
--00:16:05,640 ~-~-> 00:16:07,920
--from higher timeframe analysis and time
--
--360
--00:16:07,920 ~-~-> 00:16:10,260
--and price theory. By coupling the higher
--
--361
--00:16:10,260 ~-~-> 00:16:13,410
--timeframe analysis concepts and time
--
--362
--00:16:13,410 ~-~-> 00:16:16,500
--price theory kill zones train day the
--
--363
--00:16:16,500 ~-~-> 00:16:20,310
--weak premise you will have the
--
--364
--00:16:20,310 ~-~-> 00:16:23,250
--ingredients for a very very dynamic
--
--365
--00:16:23,910 ~-~-> 00:16:26,970
--price action based model of trading.
--
--366
--00:16:30,059 ~-~-> 00:16:31,919
--Entering when markets move opposite to
--
--367
--00:16:31,919 ~-~-> 00:16:34,439
--your intended trade is optimal. That's
--
--368
--00:16:34,439 ~-~-> 00:16:36,509
--the premise behind the ICT optimal trade
--
--369
--00:16:36,509 ~-~-> 00:16:39,509
--entry in the OTC he forces you to trade
--
--370
--00:16:39,839 ~-~-> 00:16:41,909
--in the opposite direction of where you
--
--371
--00:16:41,909 ~-~-> 00:16:43,679
--intend to profit from. Okay, you're
--
--372
--00:16:43,679 ~-~-> 00:16:46,109
--selling during a rally you're buying
--
--373
--00:16:46,109 ~-~-> 00:16:48,449
--during a decline. That's how that price
--
--374
--00:16:48,449 ~-~-> 00:16:51,299
--pattern works. Because you're doing that
--
--375
--00:16:51,599 ~-~-> 00:16:53,969
--you will overcome the dealer spread much
--
--376
--00:16:53,969 ~-~-> 00:16:57,269
--more quickly and you'll be closer to
--
--377
--00:16:57,269 ~-~-> 00:17:00,839
--your stop versus Waiting for the market
--
--378
--00:17:00,839 ~-~-> 00:17:02,369
--to move. We're looking for what you
--
--379
--00:17:02,369 ~-~-> 00:17:04,319
--think is confirmation. But it's moving
--
--380
--00:17:04,319 ~-~-> 00:17:06,299
--farther away from where your intended
--
--381
--00:17:06,299 ~-~-> 00:17:08,519
--stop loss placement should be, thereby
--
--382
--00:17:08,519 ~-~-> 00:17:11,099
--requiring you to take on more risk, okay
--
--383
--00:17:11,099 ~-~-> 00:17:14,969
--than necessary. So, we've learned that
--
--384
--00:17:15,119 ~-~-> 00:17:16,589
--with a paradigm shift, looking at how
--
--385
--00:17:16,589 ~-~-> 00:17:19,289
--the markets are ideally and optimally
--
--386
--00:17:19,529 ~-~-> 00:17:22,139
--traded, when it's moving away from your
--
--387
--00:17:22,139 ~-~-> 00:17:24,389
--intended trade direction, and it takes
--
--388
--00:17:24,389 ~-~-> 00:17:27,749
--some skill set exercises that require
--
--389
--00:17:27,749 ~-~-> 00:17:30,239
--you to be in the market, looking at how
--
--390
--00:17:30,239 ~-~-> 00:17:32,159
--price moves on a lower timeframe,
--
--391
--00:17:32,399 ~-~-> 00:17:33,149
--because it gives you several
--
--392
--00:17:33,149 ~-~-> 00:17:34,859
--opportunities a couple times a day,
--
--393
--00:17:35,189 ~-~-> 00:17:36,509
--where you can do these types of skill
--
--394
--00:17:36,509 ~-~-> 00:17:38,729
--set exercises and see what it's like
--
--395
--00:17:38,729 ~-~-> 00:17:41,279
--when you eat buying when it's a bearish
--
--396
--00:17:41,279 ~-~-> 00:17:43,139
--candle. Okay, when two boldface bears
--
--397
--00:17:43,139 ~-~-> 00:17:47,519
--candle, it takes some reverse thinking,
--
--398
--00:17:47,699 ~-~-> 00:17:50,069
--okay, because it looks like it's gonna
--
--399
--00:17:50,069 ~-~-> 00:17:51,689
--continue to go lower. And that's exactly
--
--400
--00:17:51,689 ~-~-> 00:17:53,909
--what the myopic retail traders think.
--
--401
--00:17:54,179 ~-~-> 00:17:56,009
--And those that continuously lose their
--
--402
--00:17:56,009 ~-~-> 00:17:58,739
--shirt. You have learned how to think
--
--403
--00:17:58,739 ~-~-> 00:18:00,689
--differently, your mindset has now been
--
--404
--00:18:00,899 ~-~-> 00:18:02,849
--plugged into how smart money operates
--
--405
--00:18:02,849 ~-~-> 00:18:04,559
--because they have to buy when prices go
--
--406
--00:18:04,559 ~-~-> 00:18:06,599
--down and they sell when prices are going
--
--407
--00:18:06,599 ~-~-> 00:18:11,189
--up. market makers generally price
--
--408
--00:18:11,189 ~-~-> 00:18:13,319
--markets higher to sell into the rally.
--
--409
--00:18:13,859 ~-~-> 00:18:15,599
--We understand that that's the market
--
--410
--00:18:15,599 ~-~-> 00:18:18,599
--maker sell model by having that template
--
--411
--00:18:18,599 ~-~-> 00:18:20,669
--in mind, we can understand that when
--
--412
--00:18:20,669 ~-~-> 00:18:23,729
--price rallies okay and goes into a
--
--413
--00:18:23,729 ~-~-> 00:18:26,639
--resistance level, the price model okay
--
--414
--00:18:26,669 ~-~-> 00:18:28,949
--generically speaking if you will, will
--
--415
--00:18:28,949 ~-~-> 00:18:33,599
--generally unfold as that graphic that I
--
--416
--00:18:33,599 ~-~-> 00:18:36,239
--shared in the series, okay depicts okay
--
--417
--00:18:36,239 ~-~-> 00:18:38,519
--and the same thing is said for a market
--
--418
--00:18:38,519 ~-~-> 00:18:43,379
--maker by model. market makers will
--
--419
--00:18:43,379 ~-~-> 00:18:45,389
--generally price markets lower to buy
--
--420
--00:18:45,389 ~-~-> 00:18:49,139
--into that drop. So it gets back to the
--
--421
--00:18:49,199 ~-~-> 00:18:52,619
--phone on perhaps that we do not. We
--
--422
--00:18:52,619 ~-~-> 00:18:56,249
--don't chase price. Okay, we understand
--
--423
--00:18:56,249 ~-~-> 00:18:58,379
--where price may be trying to get to and
--
--424
--00:18:58,379 ~-~-> 00:18:59,969
--when it gets to specific price levels.
--
--425
--00:19:00,269 ~-~-> 00:19:03,089
--Then Then and only is when we stock
--
--426
--00:19:03,089 ~-~-> 00:19:05,549
--setups and price patterns to facilitate
--
--427
--00:19:05,549 ~-~-> 00:19:06,959
--or execute a trade entry.
--
--428
--00:19:07,830 ~-~-> 00:19:08,400
--We
--
--429
--00:19:08,430 ~-~-> 00:19:11,100
--don't care if prices explosively move
--
--430
--00:19:11,100 ~-~-> 00:19:14,280
--250 pips and our setup has moved, okay?
--
--431
--00:19:15,060 ~-~-> 00:19:17,040
--Outside the parameters of potential
--
--432
--00:19:17,040 ~-~-> 00:19:19,470
--entry, and price takes off and goes in
--
--433
--00:19:19,560 ~-~-> 00:19:21,720
--and leaves us behind. We do not care
--
--434
--00:19:21,720 ~-~-> 00:19:23,220
--about that because we understand that
--
--435
--00:19:23,220 ~-~-> 00:19:25,320
--the premise that we use to trading
--
--436
--00:19:25,620 ~-~-> 00:19:28,380
--repeats over and over and over again, we
--
--437
--00:19:28,380 ~-~-> 00:19:29,910
--don't have to force yourself into a
--
--438
--00:19:29,910 ~-~-> 00:19:31,440
--trade and we don't have to chase it and
--
--439
--00:19:31,440 ~-~-> 00:19:33,270
--jump on board after it's done moved 40
--
--440
--00:19:33,270 ~-~-> 00:19:36,150
--pips, there's no, there's no, there's no
--
--441
--00:19:36,150 ~-~-> 00:19:37,800
--need for that. Okay. And hopefully this
--
--442
--00:19:37,800 ~-~-> 00:19:40,200
--series has produced that mindset and you
--
--443
--00:19:40,200 ~-~-> 00:19:43,170
--because if you're chasing price, you're
--
--444
--00:19:43,170 ~-~-> 00:19:44,640
--looking through your counterweight very,
--
--445
--00:19:44,640 ~-~-> 00:19:48,510
--very quickly. Now, significant price
--
--446
--00:19:48,510 ~-~-> 00:19:50,520
--moves are typically seen immediately
--
--447
--00:19:50,520 ~-~-> 00:19:53,550
--after stops are rated. Now, we've given
--
--448
--00:19:53,550 ~-~-> 00:19:55,650
--you exercises to look for where clean
--
--449
--00:19:55,650 ~-~-> 00:19:58,320
--levels are on your chart. If you see
--
--450
--00:19:58,320 ~-~-> 00:20:00,960
--several times where Short term highs
--
--451
--00:20:01,140 ~-~-> 00:20:03,390
--have made rallies up to a specific price
--
--452
--00:20:03,390 ~-~-> 00:20:05,070
--level but neither one made of any
--
--453
--00:20:05,070 ~-~-> 00:20:07,590
--significant sweep above the previous
--
--454
--00:20:07,590 ~-~-> 00:20:10,230
--high. That is an indication of the
--
--455
--00:20:10,230 ~-~-> 00:20:12,960
--levels to clean and folks that are
--
--456
--00:20:13,380 ~-~-> 00:20:15,930
--trading that market they may sell into
--
--457
--00:20:15,930 ~-~-> 00:20:18,360
--those highs, okay? And their stop loss
--
--458
--00:20:18,450 ~-~-> 00:20:20,190
--orders would be just above those
--
--459
--00:20:20,430 ~-~-> 00:20:22,620
--particular highs when you see that
--
--460
--00:20:22,620 ~-~-> 00:20:24,510
--phenomenon and same thing is said for
--
--461
--00:20:24,540 ~-~-> 00:20:27,210
--equal lows, okay, or double bottom lows,
--
--462
--00:20:27,240 ~-~-> 00:20:29,310
--I don't like double bottoms because to
--
--463
--00:20:29,310 ~-~-> 00:20:31,170
--me, they're just classic scenarios for
--
--464
--00:20:31,200 ~-~-> 00:20:33,030
--folks to put their stops believe beneath
--
--465
--00:20:33,030 ~-~-> 00:20:34,530
--it. And then what'll happen is you'll
--
--466
--00:20:34,530 ~-~-> 00:20:38,100
--get a turtle soup, okay, or similar
--
--467
--00:20:38,100 ~-~-> 00:20:40,860
--pattern like that where it will barely
--
--468
--00:20:40,860 ~-~-> 00:20:43,140
--go down, Spike through it, rate it in
--
--469
--00:20:43,260 ~-~-> 00:20:45,690
--very dramatically and dynamically run
--
--470
--00:20:45,690 ~-~-> 00:20:48,120
--the other way. Okay, and when you see
--
--471
--00:20:48,120 ~-~-> 00:20:50,760
--that happen, if you don't take action
--
--472
--00:20:51,060 ~-~-> 00:20:52,830
--during the raid itself,
--
--473
--00:20:53,129 ~-~-> 00:20:54,449
--okay, if you're not a student enough to
--
--474
--00:20:54,449 ~-~-> 00:20:54,719
--know
--
--475
--00:20:55,170 ~-~-> 00:20:57,750
--how to trade those raids, then you can
--
--476
--00:20:57,750 ~-~-> 00:20:59,760
--simply wait for them to unfold and then
--
--477
--00:21:00,000 ~-~-> 00:21:03,000
--Wait for the waterblock to be retested
--
--478
--00:21:03,120 ~-~-> 00:21:04,800
--after that initial move up, because it's
--
--479
--00:21:04,800 ~-~-> 00:21:06,420
--going to be the same thing that we look
--
--480
--00:21:06,420 ~-~-> 00:21:09,120
--at as a classic price rally. We wait for
--
--481
--00:21:09,120 ~-~-> 00:21:10,680
--the pullback and then we buy into it.
--
--482
--00:21:11,400 ~-~-> 00:21:13,770
--And same thing said for a selling
--
--483
--00:21:13,770 ~-~-> 00:21:19,530
--scenario. Now Fibonacci can be used in
--
--484
--00:21:19,530 ~-~-> 00:21:22,110
--trade execution. And we use it for stock
--
--485
--00:21:22,110 ~-~-> 00:21:25,260
--placement and target setting. Okay, and
--
--486
--00:21:25,260 ~-~-> 00:21:27,480
--using the skill set exercises that we
--
--487
--00:21:27,870 ~-~-> 00:21:30,960
--released in this series, there's nothing
--
--488
--00:21:30,990 ~-~-> 00:21:32,910
--outside of that, that I do with
--
--489
--00:21:32,910 ~-~-> 00:21:37,860
--Fibonacci that is necessity or necessary
--
--490
--00:21:37,860 ~-~-> 00:21:39,810
--rather that you need to do with
--
--491
--00:21:39,810 ~-~-> 00:21:40,890
--Fibonacci to make it any more
--
--492
--00:21:40,890 ~-~-> 00:21:43,140
--complicated than it is. You're you're
--
--493
--00:21:43,140 ~-~-> 00:21:45,480
--looking to find a pullback between the
--
--494
--00:21:45,480 ~-~-> 00:21:48,180
--69 and 79% retracement levels. And
--
--495
--00:21:48,390 ~-~-> 00:21:50,910
--hopefully that is an overlay of an order
--
--496
--00:21:50,910 ~-~-> 00:21:52,980
--block within a higher timeframe
--
--497
--00:21:52,980 ~-~-> 00:21:55,200
--directional premise, and it's simply
--
--498
--00:21:55,200 ~-~-> 00:21:58,680
--that you just wait for that to unfold
--
--499
--00:21:58,980 ~-~-> 00:22:00,870
--and you use your swing projections and
--
--500
--00:22:00,870 ~-~-> 00:22:05,730
--your market structure to define highs
--
--501
--00:22:05,730 ~-~-> 00:22:07,320
--and lows that you would look for
--
--502
--00:22:07,920 ~-~-> 00:22:09,570
--extensions in your Fibonacci for price
--
--503
--00:22:09,570 ~-~-> 00:22:13,650
--objectives. Okay. Now London open and
--
--504
--00:22:13,680 ~-~-> 00:22:16,110
--New York open our ideal day trade
--
--505
--00:22:16,110 ~-~-> 00:22:19,290
--sessions with unique traits. Typically,
--
--506
--00:22:19,530 ~-~-> 00:22:21,240
--we learned that the Long Island has
--
--507
--00:22:21,240 ~-~-> 00:22:22,830
--specific characteristics that's
--
--508
--00:22:22,830 ~-~-> 00:22:25,650
--inherently directly related to the
--
--509
--00:22:25,650 ~-~-> 00:22:28,230
--higher low of daily range. And the New
--
--510
--00:22:28,230 ~-~-> 00:22:30,480
--York open typically has a specific
--
--511
--00:22:30,480 ~-~-> 00:22:33,990
--characteristic that is in relationship
--
--512
--00:22:33,990 ~-~-> 00:22:35,880
--to what takes place during the London
--
--513
--00:22:35,880 ~-~-> 00:22:38,730
--open. And by specifically trading those
--
--514
--00:22:38,730 ~-~-> 00:22:41,010
--time windows or ICT kill zones. You have
--
--515
--00:22:41,010 ~-~-> 00:22:43,350
--the highest probability trade when
--
--516
--00:22:43,350 ~-~-> 00:22:45,660
--specific market turning points take
--
--517
--00:22:45,660 ~-~-> 00:22:49,110
--place. Now the majority of the daily
--
--518
--00:22:49,110 ~-~-> 00:22:51,660
--range highs and or lows formed in
--
--519
--00:22:51,660 ~-~-> 00:22:53,880
--specific time windows or what I commonly
--
--520
--00:22:53,880 ~-~-> 00:22:58,050
--refer to as ICT, ICT kill zones. It's
--
--521
--00:22:58,050 ~-~-> 00:23:00,270
--not enough simply because you have free
--
--522
--00:23:00,270 ~-~-> 00:23:01,830
--time to sit in front of charts you
--
--523
--00:23:01,830 ~-~-> 00:23:04,950
--expect price to move, you have to be on
--
--524
--00:23:04,950 ~-~-> 00:23:08,880
--board and plugged in. When the players
--
--525
--00:23:08,880 ~-~-> 00:23:11,940
--are on the on the playing field, if the
--
--526
--00:23:11,940 ~-~-> 00:23:13,950
--banks are not looking to do anything
--
--527
--00:23:14,250 ~-~-> 00:23:16,800
--transactionally the markets not going to
--
--528
--00:23:16,800 ~-~-> 00:23:19,530
--be moving. And we've identified where
--
--529
--00:23:19,530 ~-~-> 00:23:22,620
--they generally like to cluster in terms
--
--530
--00:23:22,620 ~-~-> 00:23:25,020
--of volatility. We see a volatility
--
--531
--00:23:25,020 ~-~-> 00:23:27,330
--injection in London open a volatility
--
--532
--00:23:27,330 ~-~-> 00:23:29,580
--injection during the New York open and a
--
--533
--00:23:29,580 ~-~-> 00:23:31,590
--volatility injection at the London close
--
--534
--00:23:31,590 ~-~-> 00:23:33,990
--and very, very minor little movements in
--
--535
--00:23:34,020 ~-~-> 00:23:38,790
--Asia. Okay, and we look for weekly
--
--536
--00:23:38,790 ~-~-> 00:23:40,740
--setups that align with higher timeframe,
--
--537
--00:23:41,280 ~-~-> 00:23:43,980
--timing price, at key support needless
--
--538
--00:23:44,040 ~-~-> 00:23:46,920
--resistance levels so we understand how
--
--539
--00:23:46,920 ~-~-> 00:23:48,030
--to look at higher time frame support
--
--540
--00:23:48,030 ~-~-> 00:23:49,410
--resistance we understand how to break
--
--541
--00:23:49,410 ~-~-> 00:23:51,300
--down the directional bias on the higher
--
--542
--00:23:51,300 ~-~-> 00:23:53,220
--time frame dealing for our we understand
--
--543
--00:23:53,220 ~-~-> 00:23:55,350
--how to look at specific times of the day
--
--544
--00:23:55,500 ~-~-> 00:23:57,030
--and specific days of the week. We
--
--545
--00:23:57,030 ~-~-> 00:23:58,830
--understand by blending all those things.
--
--546
--00:23:58,860 ~-~-> 00:24:02,640
--That's what facilitate or defines a high
--
--547
--00:24:02,640 ~-~-> 00:24:04,560
--probability, low risk trade.
--
--548
--00:24:07,290 ~-~-> 00:24:07,920
--Lastly,
--
--549
--00:24:08,879 ~-~-> 00:24:11,039
--trade with controlled risk management in
--
--550
--00:24:11,039 ~-~-> 00:24:13,319
--equity management, always, it's not
--
--551
--00:24:13,319 ~-~-> 00:24:15,569
--enough by having sound principle
--
--552
--00:24:15,599 ~-~-> 00:24:17,459
--oriented trading concepts. It's not
--
--553
--00:24:17,459 ~-~-> 00:24:19,709
--enough. If you over leveraged or if you
--
--554
--00:24:19,709 ~-~-> 00:24:21,929
--over trade, you will blow your account.
--
--555
--00:24:22,109 ~-~-> 00:24:24,479
--Okay? So it's important that you work
--
--556
--00:24:24,479 ~-~-> 00:24:27,119
--within a demo account setting until
--
--557
--00:24:27,119 ~-~-> 00:24:29,279
--you're absolutely 100% confident with
--
--558
--00:24:29,279 ~-~-> 00:24:31,769
--your ability to stick to within a realm
--
--559
--00:24:31,769 ~-~-> 00:24:33,659
--of rules and discipline oriented
--
--560
--00:24:33,659 ~-~-> 00:24:36,989
--trading. Only then when you decide I
--
--561
--00:24:36,989 ~-~-> 00:24:38,609
--can't define it for you. I'm not
--
--562
--00:24:38,609 ~-~-> 00:24:40,619
--suggesting you should start trading live
--
--563
--00:24:40,619 ~-~-> 00:24:43,259
--money until you yourself have assumed
--
--564
--00:24:43,259 ~-~-> 00:24:45,869
--responsibility. You've assumed the
--
--565
--00:24:45,899 ~-~-> 00:24:47,579
--understanding that's necessary for you
--
--566
--00:24:47,579 ~-~-> 00:24:49,049
--as a trader, emotionally
--
--567
--00:24:49,049 ~-~-> 00:24:50,939
--psychologically, before you place a
--
--568
--00:24:50,939 ~-~-> 00:24:53,009
--single penny at risk in the marketplace.
--
--569
--00:24:53,069 ~-~-> 00:24:55,679
--You need to define yourself as a trader,
--
--570
--00:24:55,949 ~-~-> 00:24:57,059
--what specifically you're going to be
--
--571
--00:24:57,059 ~-~-> 00:24:59,459
--doing okay and then when you understand
--
--572
--00:24:59,459 ~-~-> 00:25:02,429
--that Even then still keep your risk
--
--573
--00:25:02,429 ~-~-> 00:25:04,229
--exposure very very low.
--
--574
--00:25:10,080 ~-~-> 00:25:12,540
--Okay what analysis and process is used
--
--575
--00:25:12,540 ~-~-> 00:25:14,310
--to study the daily chart
--
--576
--00:25:14,879 ~-~-> 00:25:15,959
--Okay, we're gonna be looking at the
--
--577
--00:25:15,959 ~-~-> 00:25:17,819
--macro view on large funds
--
--578
--00:25:17,820 ~-~-> 00:25:18,690
--and order flows.
--
--579
--00:25:20,580 ~-~-> 00:25:22,470
--Now the ICT daily chart timeframe
--
--580
--00:25:22,470 ~-~-> 00:25:24,300
--checklists now this is what you're doing
--
--581
--00:25:24,570 ~-~-> 00:25:26,490
--okay when you first sit down at your
--
--582
--00:25:26,520 ~-~-> 00:25:28,500
--your chart and you first begin your
--
--583
--00:25:28,500 ~-~-> 00:25:30,210
--analysis on a particular pair or asset
--
--584
--00:25:30,210 ~-~-> 00:25:30,990
--class if you will.
--
--585
--00:25:32,250 ~-~-> 00:25:33,450
--You have your daily chart opened up,
--
--586
--00:25:33,540 ~-~-> 00:25:33,930
--okay,
--
--587
--00:25:34,050 ~-~-> 00:25:35,460
--what is it that you're supposed to be
--
--588
--00:25:35,460 ~-~-> 00:25:36,360
--doing? Well, our
--
--589
--00:25:36,750 ~-~-> 00:25:38,520
--concepts that we shared in this video
--
--590
--00:25:38,520 ~-~-> 00:25:40,440
--series, okay teach us that the very
--
--591
--00:25:40,440 ~-~-> 00:25:43,710
--first thing is that we look to see where
--
--592
--00:25:43,710 ~-~-> 00:25:45,750
--yields are okay. Because the market
--
--593
--00:25:45,750 ~-~-> 00:25:47,820
--seeks yield and where yields are
--
--594
--00:25:47,820 ~-~-> 00:25:50,400
--supplied, there to is where price will
--
--595
--00:25:50,400 ~-~-> 00:25:52,440
--draw to. Okay, and we understand that
--
--596
--00:25:52,830 ~-~-> 00:25:57,900
--the 10 year German and the 10 year USD
--
--597
--00:25:58,800 ~-~-> 00:26:02,910
--bond yields are useful, you can look at
--
--598
--00:26:02,910 ~-~-> 00:26:03,300
--the
--
--599
--00:26:05,220 ~-~-> 00:26:06,090
--European,
--
--600
--00:26:07,290 ~-~-> 00:26:11,160
--UK rather 10 year bond yield as well.
--
--601
--00:26:11,340 ~-~-> 00:26:12,690
--And when you start seeing these
--
--602
--00:26:12,720 ~-~-> 00:26:15,720
--divergence as we discussed, okay, that's
--
--603
--00:26:15,720 ~-~-> 00:26:17,280
--usually a telling sign that we're going
--
--604
--00:26:17,280 ~-~-> 00:26:18,450
--to be seeing a shift.
--
--605
--00:26:19,050 ~-~-> 00:26:20,730
--But if you are
--
--606
--00:26:21,060 ~-~-> 00:26:23,190
--familiar with the futures market, you
--
--607
--00:26:23,190 ~-~-> 00:26:26,430
--could look at the 10 year t note, okay
--
--608
--00:26:26,430 ~-~-> 00:26:28,170
--and whatever the T note prices doing
--
--609
--00:26:28,170 ~-~-> 00:26:29,640
--just that's going to be the opposite
--
--610
--00:26:29,640 ~-~-> 00:26:31,590
--what yields are doing. So if t notes are
--
--611
--00:26:31,590 ~-~-> 00:26:33,930
--going up, yields are going down, if t
--
--612
--00:26:33,930 ~-~-> 00:26:35,700
--notes are going down, in the futures
--
--613
--00:26:35,700 ~-~-> 00:26:37,350
--price, that means yields are going up,
--
--614
--00:26:37,740 ~-~-> 00:26:40,110
--okay. And yields that go up will
--
--615
--00:26:40,140 ~-~-> 00:26:43,500
--generally on a higher time frame basis
--
--616
--00:26:43,800 ~-~-> 00:26:46,830
--will generally pull price up in the
--
--617
--00:26:46,830 ~-~-> 00:26:49,260
--currency market. Okay? So it's always
--
--618
--00:26:49,410 ~-~-> 00:26:52,590
--chasing yield yield. The yield itself is
--
--619
--00:26:52,860 ~-~-> 00:26:55,320
--the directional premise you follow where
--
--620
--00:26:55,320 ~-~-> 00:26:57,060
--the yield is, okay? Or if you want to
--
--621
--00:26:57,060 ~-~-> 00:26:58,320
--use the futures market, it's going to be
--
--622
--00:26:58,320 ~-~-> 00:27:00,000
--the opposite with a teenager doing quite
--
--623
--00:27:03,060 ~-~-> 00:27:05,100
--Now seasonal tendencies are something
--
--624
--00:27:05,100 ~-~-> 00:27:07,890
--that I consider, but they are not a
--
--625
--00:27:07,890 ~-~-> 00:27:09,870
--panacea. They're not the be all end all.
--
--626
--00:27:09,900 ~-~-> 00:27:12,390
--And they're no guarantee. No, I used
--
--627
--00:27:12,390 ~-~-> 00:27:14,220
--them as I suggested in this video
--
--628
--00:27:14,220 ~-~-> 00:27:17,250
--series. They're more like a roadmap. And
--
--629
--00:27:17,250 ~-~-> 00:27:20,340
--if I was asked you in the States,
--
--630
--00:27:20,459 ~-~-> 00:27:21,899
--we have a
--
--631
--00:27:22,529 ~-~-> 00:27:25,949
--pretty routine seasonal influences. We
--
--632
--00:27:25,949 ~-~-> 00:27:27,719
--understand when the snow is most likely
--
--633
--00:27:27,719 ~-~-> 00:27:29,459
--to occur, what months of the year, we
--
--634
--00:27:29,459 ~-~-> 00:27:31,319
--understand when it's going to be hot. We
--
--635
--00:27:31,319 ~-~-> 00:27:32,699
--understand when it's going to be cool.
--
--636
--00:27:33,269 ~-~-> 00:27:34,529
--We understand when there's going to be
--
--637
--00:27:34,529 ~-~-> 00:27:36,899
--allergy season, okay? seasonal
--
--638
--00:27:36,899 ~-~-> 00:27:38,999
--tendencies are valuable because we can
--
--639
--00:27:38,999 ~-~-> 00:27:42,059
--look at when the large significant price
--
--640
--00:27:42,059 ~-~-> 00:27:44,069
--moves are most likely to occur,
--
--641
--00:27:44,279 ~-~-> 00:27:46,739
--specifically during certain months of
--
--642
--00:27:46,739 ~-~-> 00:27:49,859
--the year. I would counsel you to utilize
--
--643
--00:27:49,859 ~-~-> 00:27:51,719
--the seasonal tendency in that capacity
--
--644
--00:27:51,719 ~-~-> 00:27:52,679
--first until you
--
--645
--00:27:52,709 ~-~-> 00:27:54,359
--grow in your understanding of how the
--
--646
--00:27:54,359 ~-~-> 00:27:55,229
--seasonal tendency
--
--647
--00:27:55,530 ~-~-> 00:27:58,020
--chart really communicates what's going
--
--648
--00:27:58,020 ~-~-> 00:27:58,260
--on.
--
--649
--00:27:58,530 ~-~-> 00:28:00,900
--It's not simply looking at The lowest
--
--650
--00:28:00,900 ~-~-> 00:28:02,460
--low and the seasonal tend to start and
--
--651
--00:28:02,460 ~-~-> 00:28:04,830
--say, Okay, well, the market makes a low
--
--652
--00:28:04,830 ~-~-> 00:28:06,330
--in this chart between this month and
--
--653
--00:28:06,330 ~-~-> 00:28:07,620
--that month, therefore I'm only gonna be
--
--654
--00:28:07,620 ~-~-> 00:28:09,540
--looking to be buying then No, you have
--
--655
--00:28:09,540 ~-~-> 00:28:10,950
--to have some other technical
--
--656
--00:28:11,700 ~-~-> 00:28:14,130
--characteristics behind the idea, not
--
--657
--00:28:14,130 ~-~-> 00:28:15,930
--just simply doing it because a seasonal
--
--658
--00:28:15,930 ~-~-> 00:28:17,820
--tendency suggested it's going to make a
--
--659
--00:28:17,820 ~-~-> 00:28:19,950
--lower high. Okay, we're really more
--
--660
--00:28:19,950 ~-~-> 00:28:21,870
--inclined to following when there's a
--
--661
--00:28:21,870 ~-~-> 00:28:24,390
--large price swing that usually moves in
--
--662
--00:28:24,390 ~-~-> 00:28:25,860
--one direction or the other. That's
--
--663
--00:28:25,890 ~-~-> 00:28:29,520
--really the basis for how I use seasonal
--
--664
--00:28:29,520 ~-~-> 00:28:30,180
--tendencies.
--
--665
--00:28:31,920 ~-~-> 00:28:34,200
--Okay, we look on a daily chart
--
--666
--00:28:34,710 ~-~-> 00:28:36,600
--for obvious key support resistance
--
--667
--00:28:36,600 ~-~-> 00:28:39,060
--levels. Now we note these with at least
--
--668
--00:28:39,060 ~-~-> 00:28:41,250
--two to three years of data on our
--
--669
--00:28:41,250 ~-~-> 00:28:44,220
--screen, okay. By having that that amount
--
--670
--00:28:44,220 ~-~-> 00:28:45,210
--of data on your chart,
--
--671
--00:28:45,990 ~-~-> 00:28:47,010
--it really will
--
--672
--00:28:47,640 ~-~-> 00:28:49,170
--remove the necessity of having your
--
--673
--00:28:49,170 ~-~-> 00:28:50,880
--weekly chart analysis done,
--
--674
--00:28:51,270 ~-~-> 00:28:54,210
--okay, but it will at least give you
--
--675
--00:28:54,450 ~-~-> 00:28:56,250
--the higher level
--
--676
--00:28:56,280 ~-~-> 00:28:58,710
--support resistance levels that may be
--
--677
--00:28:58,710 ~-~-> 00:29:01,650
--outside the scope of Most myopic
--
--678
--00:29:02,070 ~-~-> 00:29:04,500
--neophyte traders that simply don't look
--
--679
--00:29:04,500 ~-~-> 00:29:08,880
--beyond in the last couple weeks. Okay,
--
--680
--00:29:08,880 ~-~-> 00:29:11,880
--now do not discount the levels acquired
--
--681
--00:29:12,150 ~-~-> 00:29:13,440
--on the study of weekly and monthly
--
--682
--00:29:13,440 ~-~-> 00:29:15,390
--charts, okay? Because these two are odds
--
--683
--00:29:15,390 ~-~-> 00:29:18,660
--builders, they have the the impact, okay
--
--684
--00:29:18,660 ~-~-> 00:29:21,390
--of creating very, very dynamic reversals
--
--685
--00:29:21,420 ~-~-> 00:29:25,320
--okay? And if you ignore them, okay, you
--
--686
--00:29:25,320 ~-~-> 00:29:27,090
--really handicapping yourself. So while I
--
--687
--00:29:27,090 ~-~-> 00:29:28,620
--didn't spend a whole lot of time in this
--
--688
--00:29:28,620 ~-~-> 00:29:31,560
--series doing that, it would be very
--
--689
--00:29:31,560 ~-~-> 00:29:33,240
--foolish of me not to at least include it
--
--690
--00:29:33,240 ~-~-> 00:29:35,130
--as a suggestion that you should be
--
--691
--00:29:35,130 ~-~-> 00:29:36,690
--looking at the monthly and weekly charts
--
--692
--00:29:36,750 ~-~-> 00:29:38,370
--periodically not a whole lot
--
--693
--00:29:38,369 ~-~-> 00:29:40,169
--just once in a while, just take a gander
--
--694
--00:29:40,169 ~-~-> 00:29:40,529
--at and you'll
--
--695
--00:29:40,559 ~-~-> 00:29:42,869
--you'll hopefully see you're within a
--
--696
--00:29:42,869 ~-~-> 00:29:46,049
--range that facilitates sound trading
--
--697
--00:29:46,049 ~-~-> 00:29:47,909
--with the daily chart and lower
--
--698
--00:29:47,909 ~-~-> 00:29:51,809
--timeframes in mind. Okay, on a daily
--
--699
--00:29:51,809 ~-~-> 00:29:53,789
--chart, we try to determine the current
--
--700
--00:29:53,789 ~-~-> 00:29:55,739
--market structure Okay. Are we in a
--
--701
--00:29:55,739 ~-~-> 00:29:57,149
--bullish market structure or a bearish
--
--702
--00:29:57,149 ~-~-> 00:29:58,559
--market structure have we just
--
--703
--00:29:58,769 ~-~-> 00:30:01,199
--encountered a market structure shift,
--
--704
--00:30:01,259 ~-~-> 00:30:03,389
--okay, it has a specific key hide and
--
--705
--00:30:03,389 ~-~-> 00:30:05,009
--taken out. So now we would be looking
--
--706
--00:30:05,009 ~-~-> 00:30:07,259
--for a buy model to unfold
--
--707
--00:30:07,650 ~-~-> 00:30:09,240
--or is a swing low
--
--708
--00:30:09,390 ~-~-> 00:30:10,710
--of any importance
--
--709
--00:30:11,070 ~-~-> 00:30:13,980
--unfolded, where we now look for bearish
--
--710
--00:30:13,980 ~-~-> 00:30:16,530
--markets moves on sell model to unfold.
--
--711
--00:30:16,770 ~-~-> 00:30:18,510
--Okay, and what price swing? Are we
--
--712
--00:30:18,510 ~-~-> 00:30:20,340
--trading? Is it a long term price swing?
--
--713
--00:30:20,340 ~-~-> 00:30:21,810
--Is it intermediate term swing or it's a
--
--714
--00:30:21,810 ~-~-> 00:30:23,640
--short term swing? Okay, these are things
--
--715
--00:30:23,640 ~-~-> 00:30:25,260
--that you have to discern that are really
--
--716
--00:30:25,680 ~-~-> 00:30:27,840
--built upon the type of trade that you're
--
--717
--00:30:27,870 ~-~-> 00:30:28,680
--going to be hunting.
--
--718
--00:30:31,020 ~-~-> 00:30:32,460
--What are large funds doing?
--
--719
--00:30:32,670 ~-~-> 00:30:34,710
--And where is the order flow suggesting
--
--720
--00:30:34,920 ~-~-> 00:30:37,890
--prices trading up or down? Basically,
--
--721
--00:30:38,220 ~-~-> 00:30:41,040
--it's like market structure or order flow
--
--722
--00:30:41,040 ~-~-> 00:30:43,440
--where if we take out specific highs and
--
--723
--00:30:43,440 ~-~-> 00:30:46,440
--lows, again, in conjunction with market
--
--724
--00:30:46,440 ~-~-> 00:30:49,800
--structure as a whole, if we see flows
--
--725
--00:30:49,800 ~-~-> 00:30:52,020
--are bullish, okay, we need to be
--
--726
--00:30:52,020 ~-~-> 00:30:53,850
--starting to look for
--
--727
--00:30:54,119 ~-~-> 00:30:55,529
--our tools that suggest
--
--728
--00:30:55,530 ~-~-> 00:30:57,060
--and support the notion that the higher
--
--729
--00:30:57,060 ~-~-> 00:30:57,960
--prices are an order
--
--730
--00:30:58,529 ~-~-> 00:31:01,709
--and vice versa for Selling scenarios.
--
--731
--00:31:03,989 ~-~-> 00:31:05,969
--overlaying the nine exponential moving
--
--732
--00:31:05,969 ~-~-> 00:31:08,009
--average and 18 exponential moving
--
--733
--00:31:08,009 ~-~-> 00:31:10,049
--average. Okay for the buy and sell
--
--734
--00:31:10,049 ~-~-> 00:31:11,939
--models is very useful for directional
--
--735
--00:31:11,939 ~-~-> 00:31:13,799
--bias. It's one of the reoccurring
--
--736
--00:31:13,799 ~-~-> 00:31:15,239
--themes. I get an email all the time,
--
--737
--00:31:15,510 ~-~-> 00:31:16,500
--you know, how do I know if the markets
--
--738
--00:31:16,500 ~-~-> 00:31:17,010
--gonna go up?
--
--739
--00:31:17,130 ~-~-> 00:31:18,240
--I don't know if it's gonna go down?
--
--740
--00:31:18,720 ~-~-> 00:31:20,070
--Well, first I'll tell you now, like I
--
--741
--00:31:20,070 ~-~-> 00:31:21,660
--tell everybody in email, I don't know
--
--742
--00:31:21,660 ~-~-> 00:31:23,460
--for certain it's always going to be up
--
--743
--00:31:23,460 ~-~-> 00:31:27,840
--or down. I just have a odds of knowing
--
--744
--00:31:27,900 ~-~-> 00:31:31,170
--over a period of time, more often right
--
--745
--00:31:31,170 ~-~-> 00:31:32,610
--than I'm wrong in terms of directional
--
--746
--00:31:32,610 ~-~-> 00:31:34,950
--premise. And that's all you need in
--
--747
--00:31:34,950 ~-~-> 00:31:38,190
--trading. But to mathematically define
--
--748
--00:31:38,640 ~-~-> 00:31:41,730
--how you as a neophyte trader can
--
--749
--00:31:41,730 ~-~-> 00:31:42,810
--classically determined
--
--750
--00:31:43,680 ~-~-> 00:31:44,940
--a bullish or bearish market,
--
--751
--00:31:45,119 ~-~-> 00:31:47,429
--okay, just by looking at a nine and 18
--
--752
--00:31:47,699 ~-~-> 00:31:50,099
--will give you a very, very good tool for
--
--753
--00:31:50,099 ~-~-> 00:31:54,089
--looking for weekly setups. When a nine
--
--754
--00:31:54,089 ~-~-> 00:31:55,919
--exponential moving average is greater
--
--755
--00:31:55,919 ~-~-> 00:31:57,239
--than the exponential moving average.
--
--756
--00:31:57,239 ~-~-> 00:31:59,099
--That means the nine is above the 18
--
--757
--00:31:59,820 ~-~-> 00:32:00,450
--we Look
--
--758
--00:32:00,840 ~-~-> 00:32:03,030
--to focus simply on taking long trades,
--
--759
--00:32:03,060 ~-~-> 00:32:04,650
--okay, we're only trying to buy that
--
--760
--00:32:04,650 ~-~-> 00:32:07,590
--market when the nine exponential moving
--
--761
--00:32:07,590 ~-~-> 00:32:10,290
--average is less than the 18 exponential
--
--762
--00:32:10,290 ~-~-> 00:32:11,670
--moving average or in other words the
--
--763
--00:32:11,670 ~-~-> 00:32:14,790
--nine is below the 18. We focus on shorts
--
--764
--00:32:14,850 ~-~-> 00:32:15,360
--only.
--
--765
--00:32:17,699 ~-~-> 00:32:19,109
--Okay, we highlight key
--
--766
--00:32:19,829 ~-~-> 00:32:23,069
--swing lows and swing highs. Now by
--
--767
--00:32:23,069 ~-~-> 00:32:24,599
--having that we,
--
--768
--00:32:25,349 ~-~-> 00:32:27,899
--we have to note the, the high,
--
--769
--00:32:27,959 ~-~-> 00:32:31,139
--the low, the open the close on each of
--
--770
--00:32:31,139 ~-~-> 00:32:33,779
--the three bars that comprise a swing
--
--771
--00:32:33,779 ~-~-> 00:32:35,369
--high and swing low, because those
--
--772
--00:32:35,369 ~-~-> 00:32:37,229
--specific levels are going to be very,
--
--773
--00:32:37,229 ~-~-> 00:32:43,769
--very sensitive. Now, if you spend a lot
--
--774
--00:32:43,769 ~-~-> 00:32:46,079
--of time looking at price charts, okay on
--
--775
--00:32:46,079 ~-~-> 00:32:49,049
--a daily chart, do some exercises okay to
--
--776
--00:32:49,049 ~-~-> 00:32:51,869
--further build your understanding of how
--
--777
--00:32:52,049 ~-~-> 00:32:54,059
--the high low open and closed prices are
--
--778
--00:32:54,059 ~-~-> 00:32:56,429
--sensitive, because when price goes back
--
--779
--00:32:56,429 ~-~-> 00:32:58,169
--to those levels eventually at a later
--
--780
--00:32:58,169 ~-~-> 00:33:00,539
--time, you'll see many times That's
--
--781
--00:33:00,539 ~-~-> 00:33:02,999
--exactly where price patterns will form.
--
--782
--00:33:03,419 ~-~-> 00:33:05,699
--And they'll happen to occur during an
--
--783
--00:33:05,699 ~-~-> 00:33:06,119
--ICT
--
--784
--00:33:06,120 ~-~-> 00:33:06,480
--kills.
--
--785
--00:33:09,599 ~-~-> 00:33:11,789
--Identify major reaction levels where
--
--786
--00:33:11,789 ~-~-> 00:33:14,189
--price obviously and strongly moves away
--
--787
--00:33:14,189 ~-~-> 00:33:16,559
--from particular level. Okay, that's the
--
--788
--00:33:16,559 ~-~-> 00:33:17,999
--footprint we're looking for when we see
--
--789
--00:33:17,999 ~-~-> 00:33:19,739
--that we know when we have institutional
--
--790
--00:33:19,739 ~-~-> 00:33:21,749
--sponsorship. So when we have the first
--
--791
--00:33:21,749 ~-~-> 00:33:24,899
--pullback, that's what we buy, or if it's
--
--792
--00:33:24,899 ~-~-> 00:33:26,639
--declined the first rally up,
--
--793
--00:33:26,759 ~-~-> 00:33:28,919
--okay, that's when we look to sell into
--
--794
--00:33:30,720 ~-~-> 00:33:32,400
--highlight potential order blocks where
--
--795
--00:33:32,400 ~-~-> 00:33:34,410
--price will possibly react in similar
--
--796
--00:33:34,410 ~-~-> 00:33:37,200
--fashion. Now, I'm not going to revisit
--
--797
--00:33:37,200 ~-~-> 00:33:38,460
--order blocks because I did it
--
--798
--00:33:38,820 ~-~-> 00:33:41,280
--exhaustively in this series. So if you
--
--799
--00:33:41,280 ~-~-> 00:33:44,220
--understand that concept of how I
--
--800
--00:33:44,220 ~-~-> 00:33:45,840
--determined where institutional order
--
--801
--00:33:45,840 ~-~-> 00:33:48,270
--blocks are, you'll know what I mean by
--
--802
--00:33:48,270 ~-~-> 00:33:50,250
--this, okay, and I'm going to take a
--
--803
--00:33:50,250 ~-~-> 00:33:50,910
--moment here to
--
--804
--00:33:51,030 ~-~-> 00:33:52,950
--amplify what we're doing because
--
--805
--00:33:53,010 ~-~-> 00:33:55,080
--this may look like an oversimplification
--
--806
--00:33:55,140 ~-~-> 00:33:57,060
--so far in this video, but I really want
--
--807
--00:33:57,060 ~-~-> 00:33:59,610
--you to understand there was a whole lot
--
--808
--00:33:59,610 ~-~-> 00:34:02,190
--of information delivered to you over
--
--809
--00:34:02,190 ~-~-> 00:34:05,310
--seven individual videos. I'm not going
--
--810
--00:34:05,310 ~-~-> 00:34:07,680
--to build up each each piece of this
--
--811
--00:34:07,829 ~-~-> 00:34:09,479
--with examples because you already have
--
--812
--00:34:09,479 ~-~-> 00:34:09,779
--that
--
--813
--00:34:09,810 ~-~-> 00:34:11,910
--understanding in the video itself. So
--
--814
--00:34:11,910 ~-~-> 00:34:13,740
--you have to take that information and
--
--815
--00:34:13,740 ~-~-> 00:34:16,230
--build it upon this checklist okay
--
--816
--00:34:16,230 ~-~-> 00:34:17,880
--and amplify your understanding of what's
--
--817
--00:34:17,880 ~-~-> 00:34:18,510
--necessary.
--
--818
--00:34:20,849 ~-~-> 00:34:22,949
--Now all levels and order blocks are
--
--819
--00:34:22,949 ~-~-> 00:34:25,439
--carried over to the lower four hour and
--
--820
--00:34:25,829 ~-~-> 00:34:27,809
--16 minutes and lesser timeframes.
--
--821
--00:34:34,110 ~-~-> 00:34:36,090
--Okay, what analysis and processes used
--
--822
--00:34:36,180 ~-~-> 00:34:38,100
--on the study of the four hour chart
--
--823
--00:34:39,810 ~-~-> 00:34:41,160
--now the intermediate view
--
--824
--00:34:41,700 ~-~-> 00:34:43,920
--on large funds and order flows
--
--825
--00:34:44,460 ~-~-> 00:34:47,190
--it's the ICT four hour chart, timeframe
--
--826
--00:34:47,190 ~-~-> 00:34:47,820
--checklist.
--
--827
--00:34:48,629 ~-~-> 00:34:50,489
--Okay, now the daily analysis is kept in
--
--828
--00:34:50,489 ~-~-> 00:34:51,179
--focus here.
--
--829
--00:34:51,540 ~-~-> 00:34:52,800
--Okay, simply because we're down on a
--
--830
--00:34:52,800 ~-~-> 00:34:55,470
--four hour chart does not mean we simply
--
--831
--00:34:55,500 ~-~-> 00:34:58,620
--toss away the analysis and the premise
--
--832
--00:34:58,620 ~-~-> 00:35:00,690
--that's arrived at Looking at the daily
--
--833
--00:35:00,690 ~-~-> 00:35:01,050
--chart,
--
--834
--00:35:01,590 ~-~-> 00:35:03,960
--and we hold on to this bias, okay
--
--835
--00:35:03,960 ~-~-> 00:35:05,850
--derived on the daily chart as our
--
--836
--00:35:05,850 ~-~-> 00:35:08,460
--foundational basis for trade ideas.
--
--837
--00:35:09,750 ~-~-> 00:35:12,480
--While the daily analysis is in a bi
--
--838
--00:35:12,480 ~-~-> 00:35:15,300
--model, we look for key support levels to
--
--839
--00:35:15,300 ~-~-> 00:35:19,440
--stock setups on. And conversely, while
--
--840
--00:35:19,440 ~-~-> 00:35:21,360
--the daily analysis is in a sell mode,
--
--841
--00:35:21,660 ~-~-> 00:35:23,430
--we'd look for key resistance levels to
--
--842
--00:35:23,430 ~-~-> 00:35:27,840
--stock setups on majority of stop orders
--
--843
--00:35:27,870 ~-~-> 00:35:30,330
--are discernible on this timeframe. Look
--
--844
--00:35:30,330 ~-~-> 00:35:31,980
--for rating candidates, because they're
--
--845
--00:35:31,980 ~-~-> 00:35:33,720
--going to provide you liquidity and where
--
--846
--00:35:33,720 ~-~-> 00:35:35,790
--there's liquidity pools, there's going
--
--847
--00:35:35,790 ~-~-> 00:35:36,240
--to be
--
--848
--00:35:36,810 ~-~-> 00:35:39,090
--very discernible clear highs and lows
--
--849
--00:35:39,090 ~-~-> 00:35:39,450
--that
--
--850
--00:35:40,260 ~-~-> 00:35:42,750
--if taken out, it would still keep the
--
--851
--00:35:42,750 ~-~-> 00:35:43,320
--overall
--
--852
--00:35:43,350 ~-~-> 00:35:44,280
--price structure
--
--853
--00:35:45,300 ~-~-> 00:35:48,030
--you either bullish or bearish. But you
--
--854
--00:35:48,030 ~-~-> 00:35:49,500
--got to ask yourself always, you know,
--
--855
--00:35:49,530 ~-~-> 00:35:50,850
--where's the guys
--
--856
--00:35:50,880 ~-~-> 00:35:52,440
--that are profiting right now, where are
--
--857
--00:35:52,440 ~-~-> 00:35:52,740
--they
--
--858
--00:35:53,880 ~-~-> 00:35:55,560
--placing their stop loss order because
--
--859
--00:35:55,560 ~-~-> 00:35:57,300
--before the next significant price move
--
--860
--00:35:57,300 ~-~-> 00:36:00,480
--happens invariably that levels rate and
--
--861
--00:36:00,480 ~-~-> 00:36:02,880
--tested and then quickly seen price
--
--862
--00:36:02,880 ~-~-> 00:36:07,260
--reject and go the other way. Define for
--
--863
--00:36:07,260 ~-~-> 00:36:10,830
--our order flow and coupled this with
--
--864
--00:36:10,830 ~-~-> 00:36:12,960
--market structure. What do I mean by
--
--865
--00:36:12,960 ~-~-> 00:36:14,580
--that? Okay, well, we look at the four
--
--866
--00:36:14,580 ~-~-> 00:36:18,150
--hour trend. Okay, we look at key highs
--
--867
--00:36:18,150 ~-~-> 00:36:19,350
--and lows, if a
--
--868
--00:36:19,470 ~-~-> 00:36:21,510
--specific short term high
--
--869
--00:36:21,720 ~-~-> 00:36:24,060
--is taken out on a four hour chart,
--
--870
--00:36:24,660 ~-~-> 00:36:26,640
--once that's taken out, our order flow
--
--871
--00:36:26,640 ~-~-> 00:36:29,280
--and market flow is changed to bullish,
--
--872
--00:36:29,430 ~-~-> 00:36:31,050
--okay. And we're gonna be looking for
--
--873
--00:36:31,050 ~-~-> 00:36:34,440
--that to be in alignment with the higher
--
--874
--00:36:34,440 ~-~-> 00:36:37,320
--timeframe daily. Ideally, the same thing
--
--875
--00:36:37,320 ~-~-> 00:36:39,510
--would be seen on the daily chart. In
--
--876
--00:36:39,510 ~-~-> 00:36:40,470
--other words, if we have a short term
--
--877
--00:36:40,470 ~-~-> 00:36:42,240
--high, taken out on a daily chart,
--
--878
--00:36:43,200 ~-~-> 00:36:44,460
--order flow is now in bullish.
--
--879
--00:36:44,670 ~-~-> 00:36:46,290
--So if you're looking at the four hour
--
--880
--00:36:46,290 ~-~-> 00:36:48,810
--timeframe, when the four hour market
--
--881
--00:36:48,810 ~-~-> 00:36:51,480
--flow and order flow changes to
--
--882
--00:36:51,480 ~-~-> 00:36:53,490
--bullishness, we have both in agreement.
--
--883
--00:36:53,670 ~-~-> 00:36:56,430
--Okay. That's simply not enough. You have
--
--884
--00:36:56,430 ~-~-> 00:36:57,960
--to have that coupled with market
--
--885
--00:36:57,960 ~-~-> 00:37:00,570
--structure. Are we having a Entering a
--
--886
--00:37:00,570 ~-~-> 00:37:03,240
--term, a long term or short term low or
--
--887
--00:37:03,240 ~-~-> 00:37:05,010
--high forming, and where are we at in
--
--888
--00:37:05,010 ~-~-> 00:37:07,860
--terms of price swings, okay? by blending
--
--889
--00:37:07,860 ~-~-> 00:37:09,930
--all those components together, okay?
--
--890
--00:37:09,960 ~-~-> 00:37:11,730
--You'll find that you're buying support
--
--891
--00:37:11,880 ~-~-> 00:37:15,270
--when the daily trend or bias is up.
--
--892
--00:37:17,070 ~-~-> 00:37:18,510
--And conversely, the same thing can be
--
--893
--00:37:18,510 ~-~-> 00:37:19,410
--said in reverse
--
--894
--00:37:19,650 ~-~-> 00:37:21,180
--when it for our order flow
--
--895
--00:37:21,180 ~-~-> 00:37:23,310
--is coupled with the market structure.
--
--896
--00:37:23,490 ~-~-> 00:37:25,080
--Okay, you're gonna be selling resistance
--
--897
--00:37:25,080 ~-~-> 00:37:30,270
--when the daily is down. Look for
--
--898
--00:37:30,270 ~-~-> 00:37:32,340
--reaction levels within the daily
--
--899
--00:37:32,340 ~-~-> 00:37:34,440
--directional premise or bias.
--
--900
--00:37:35,850 ~-~-> 00:37:37,410
--That means your four hour charts going
--
--901
--00:37:37,410 ~-~-> 00:37:38,070
--to see
--
--902
--00:37:38,550 ~-~-> 00:37:41,820
--quick sudden rallies or declines. Okay.
--
--903
--00:37:42,000 ~-~-> 00:37:44,910
--Ideally, those moves will be in the same
--
--904
--00:37:44,910 ~-~-> 00:37:46,950
--direction that you have arrived at for a
--
--905
--00:37:46,950 ~-~-> 00:37:49,860
--bias on your daily chart. If it's not,
--
--906
--00:37:50,010 ~-~-> 00:37:52,140
--you don't trade it. That's not your
--
--907
--00:37:52,140 ~-~-> 00:37:54,840
--trade. Okay. So we're filtering out a
--
--908
--00:37:54,840 ~-~-> 00:37:56,700
--specific side of the marketplace that we
--
--909
--00:37:56,700 ~-~-> 00:37:57,150
--want to be
--
--910
--00:37:57,960 ~-~-> 00:37:59,820
--you executing our trades on
--
--911
--00:38:00,480 ~-~-> 00:38:02,280
--Yes, you're going to miss trades. I'm
--
--912
--00:38:02,280 ~-~-> 00:38:03,690
--promising you that you're going to miss
--
--913
--00:38:03,690 ~-~-> 00:38:05,280
--trades. I'm promising you that you're
--
--914
--00:38:05,280 ~-~-> 00:38:07,380
--gonna miss explosive dynamic moves that
--
--915
--00:38:07,380 ~-~-> 00:38:10,200
--are counter trend. Who cares? You want
--
--916
--00:38:10,200 ~-~-> 00:38:12,390
--to be consistently taking one solid
--
--917
--00:38:12,390 ~-~-> 00:38:15,030
--setup per week profiting moving to the
--
--918
--00:38:15,030 ~-~-> 00:38:16,590
--sidelines and waiting for the next
--
--919
--00:38:16,590 ~-~-> 00:38:20,970
--setup. Order blocks can be fine tuned on
--
--920
--00:38:20,970 ~-~-> 00:38:24,090
--this period, and more precise levels at
--
--921
--00:38:24,090 ~-~-> 00:38:26,700
--or near institutional levels. So in
--
--922
--00:38:26,700 ~-~-> 00:38:29,370
--other words by taking your your 80s,
--
--923
--00:38:29,430 ~-~-> 00:38:31,530
--your 20s, your 50s and your full
--
--924
--00:38:31,530 ~-~-> 00:38:35,100
--figures. Those levels will be very close
--
--925
--00:38:35,100 ~-~-> 00:38:38,460
--if many if not many times the preseason
--
--926
--00:38:38,730 ~-~-> 00:38:40,590
--levels that you will see these
--
--927
--00:38:40,590 ~-~-> 00:38:42,450
--formations and price patterns take
--
--928
--00:38:42,450 ~-~-> 00:38:47,190
--place. If in doubt on the daily chart,
--
--929
--00:38:47,310 ~-~-> 00:38:49,170
--the four hour chart can be used as the
--
--930
--00:38:49,170 ~-~-> 00:38:53,820
--guiding light on directional bias. All
--
--931
--00:38:53,820 ~-~-> 00:38:56,670
--for our analysis is carried out and over
--
--932
--00:38:56,730 ~-~-> 00:38:58,110
--two to 60 minute chart
--
--933
--00:38:58,260 ~-~-> 00:39:00,000
--and or lower time frame.
--
--934
--00:39:07,109 ~-~-> 00:39:08,759
--Okay, what analysis and processes used
--
--935
--00:39:08,789 ~-~-> 00:39:09,839
--on the study of the 60
--
--936
--00:39:09,840 ~-~-> 00:39:10,410
--minute chart.
--
--937
--00:39:11,670 ~-~-> 00:39:13,500
--Now, this is the short term view one
--
--938
--00:39:13,530 ~-~-> 00:39:16,890
--large funds and or order flows. The ICT
--
--939
--00:39:16,890 ~-~-> 00:39:20,070
--60 minute chart timeframe checklist is
--
--940
--00:39:20,070 ~-~-> 00:39:20,820
--as follows.
--
--941
--00:39:22,080 ~-~-> 00:39:23,100
--The Daily analysis is
--
--942
--00:39:23,100 ~-~-> 00:39:24,330
--still kept in focus here.
--
--943
--00:39:24,720 ~-~-> 00:39:26,460
--And again we are still holding on to
--
--944
--00:39:26,460 ~-~-> 00:39:29,580
--this as our basis and foundational by
--
--945
--00:39:29,730 ~-~-> 00:39:33,930
--basis for trade ideas. Daily analysis
--
--946
--00:39:33,990 ~-~-> 00:39:36,450
--could be mixed, so consult for our
--
--947
--00:39:36,450 ~-~-> 00:39:39,210
--perspective if that's the case. Ideally,
--
--948
--00:39:39,240 ~-~-> 00:39:43,470
--daily and four hour should agree. The
--
--949
--00:39:43,470 ~-~-> 00:39:45,780
--order blocks on both daily and four hour
--
--950
--00:39:45,810 ~-~-> 00:39:47,700
--will produce the highest probability
--
--951
--00:39:47,700 ~-~-> 00:39:48,300
--setups,
--
--952
--00:39:48,420 ~-~-> 00:39:49,920
--so it's important that you focus there
--
--953
--00:39:49,920 ~-~-> 00:39:50,490
--first.
--
--954
--00:39:53,070 ~-~-> 00:39:55,230
--The reaction levels seen on the 60
--
--955
--00:39:55,230 ~-~-> 00:39:57,750
--minute chart will permit fine tune entry
--
--956
--00:39:58,470 ~-~-> 00:40:00,510
--with the utilization of audible blocks
--
--957
--00:40:00,540 ~-~-> 00:40:04,560
--and those blocks will be selected based
--
--958
--00:40:04,560 ~-~-> 00:40:06,660
--on the same premise that you find on the
--
--959
--00:40:06,660 ~-~-> 00:40:08,610
--four hour and daily, a sudden quick
--
--960
--00:40:08,610 ~-~-> 00:40:10,650
--advancement in price or decline in
--
--961
--00:40:10,650 ~-~-> 00:40:12,960
--price, then returned to the point of
--
--962
--00:40:12,960 ~-~-> 00:40:18,150
--origin. Viewing the weekly perspective
--
--963
--00:40:18,150 ~-~-> 00:40:20,490
--on a 60 minute basis will provide a good
--
--964
--00:40:20,490 ~-~-> 00:40:23,640
--vantage point for swings. Now, when
--
--965
--00:40:23,640 ~-~-> 00:40:25,200
--you're looking at a weekly
--
--966
--00:40:27,300 ~-~-> 00:40:28,080
--section
--
--967
--00:40:28,289 ~-~-> 00:40:32,309
--of price action, okay, it's very easily
--
--968
--00:40:32,459 ~-~-> 00:40:35,579
--studied with a 60 minute time frame. If
--
--969
--00:40:35,579 ~-~-> 00:40:37,589
--not a 60 minute a 15 minute is
--
--970
--00:40:37,620 ~-~-> 00:40:38,430
--is is
--
--971
--00:40:38,490 ~-~-> 00:40:41,220
--good ending, but for now sticking to the
--
--972
--00:40:41,220 ~-~-> 00:40:43,290
--three hard timeframe. If you look at
--
--973
--00:40:43,290 ~-~-> 00:40:44,400
--your weekly basis,
--
--974
--00:40:44,730 ~-~-> 00:40:46,020
--overall perspective rather
--
--975
--00:40:46,470 ~-~-> 00:40:47,610
--than price action, in other words,
--
--976
--00:40:47,820 ~-~-> 00:40:50,580
--looking at two to three weeks worth of
--
--977
--00:40:50,580 ~-~-> 00:40:51,000
--data,
--
--978
--00:40:51,749 ~-~-> 00:40:52,949
--one on one hour chart
--
--979
--00:40:53,220 ~-~-> 00:40:55,290
--is is ideal gives you a good vantage
--
--980
--00:40:55,290 ~-~-> 00:40:55,800
--point for
--
--981
--00:40:55,860 ~-~-> 00:40:58,230
--understanding where prices are swinging
--
--982
--00:40:58,620 ~-~-> 00:41:01,410
--and retracing back into to LA can find
--
--983
--00:41:01,680 ~-~-> 00:41:06,090
--what range you're trading within. Look
--
--984
--00:41:06,090 ~-~-> 00:41:08,040
--for logical levels where retail traders
--
--985
--00:41:08,040 ~-~-> 00:41:09,690
--and funds would possibly have their
--
--986
--00:41:09,690 ~-~-> 00:41:13,170
--stops resting near, again, looking for
--
--987
--00:41:13,410 ~-~-> 00:41:15,840
--possible liquidity pools before the next
--
--988
--00:41:15,840 ~-~-> 00:41:17,730
--significant price advancement or
--
--989
--00:41:17,730 ~-~-> 00:41:21,600
--decline. Use market structure concepts
--
--990
--00:41:21,630 ~-~-> 00:41:23,760
--and fibs to stock possible confluences
--
--991
--00:41:23,760 ~-~-> 00:41:24,300
--where setups
--
--992
--00:41:24,300 ~-~-> 00:41:24,930
--will form.
--
--993
--00:41:25,800 ~-~-> 00:41:28,800
--Again, you're down to your lower of the
--
--994
--00:41:28,800 ~-~-> 00:41:31,890
--three higher timeframe perspectives. By
--
--995
--00:41:31,890 ~-~-> 00:41:34,440
--utilizing your fibs on this particular
--
--996
--00:41:34,440 ~-~-> 00:41:35,100
--price chart
--
--997
--00:41:36,030 ~-~-> 00:41:36,810
--will give you
--
--998
--00:41:37,470 ~-~-> 00:41:41,370
--a very dynamic risk to reward ratios
--
--999
--00:41:41,400 ~-~-> 00:41:43,050
--Okay, your risk will be very low many
--
--1000
--00:41:43,050 ~-~-> 00:41:44,670
--times ideally you want to be hunting
--
--1001
--00:41:45,630 ~-~-> 00:41:46,590
--123
--
--1002
--00:41:46,710 ~-~-> 00:41:48,330
--risk reward, okay, so don't want to give
--
--1003
--00:41:48,330 ~-~-> 00:41:50,280
--me hoping to make it as much as three
--
--1004
--00:41:50,280 ~-~-> 00:41:53,970
--times what you're risking. The day of
--
--1005
--00:41:53,970 ~-~-> 00:41:55,920
--the week theory is a rough idea where
--
--1006
--00:41:55,920 ~-~-> 00:41:58,140
--the weekly high or low is likely to form
--
--1007
--00:41:58,170 ~-~-> 00:42:01,860
--so by implementing That idea with
--
--1008
--00:42:01,860 ~-~-> 00:42:04,140
--studying the 60 minute chart with a two
--
--1009
--00:42:04,140 ~-~-> 00:42:07,230
--to three week vantage point in terms of
--
--1010
--00:42:07,230 ~-~-> 00:42:08,790
--how much data you have on your chart.
--
--1011
--00:42:09,570 ~-~-> 00:42:11,790
--That'll give you a very good basis to
--
--1012
--00:42:11,790 ~-~-> 00:42:15,510
--work within. If we are bullish and
--
--1013
--00:42:15,510 ~-~-> 00:42:18,780
--hunting a weekly long setup, typically
--
--1014
--00:42:18,810 ~-~-> 00:42:22,020
--Monday to Wednesday, typically the
--
--1015
--00:42:22,020 ~-~-> 00:42:23,790
--weekly low is established.
--
--1016
--00:42:25,110 ~-~-> 00:42:26,970
--If we are bearish and hunting a weekly
--
--1017
--00:42:27,000 ~-~-> 00:42:27,930
--short setup
--
--1018
--00:42:27,990 ~-~-> 00:42:30,030
--Monday to Wednesday, typically the
--
--1019
--00:42:30,030 ~-~-> 00:42:34,020
--weekly high is established. We are not
--
--1020
--00:42:34,230 ~-~-> 00:42:36,630
--looking to trade every day. We're
--
--1021
--00:42:36,630 ~-~-> 00:42:38,970
--looking for one solid setup per week,
--
--1022
--00:42:39,240 ~-~-> 00:42:41,520
--consistently. That should be your goal.
--
--1023
--00:42:42,300 ~-~-> 00:42:47,310
--You can trade intraday day trades in the
--
--1024
--00:42:47,310 ~-~-> 00:42:49,050
--same directional premise that we've
--
--1025
--00:42:49,050 ~-~-> 00:42:52,230
--arrived at on a daily and four hour. Do
--
--1026
--00:42:52,230 ~-~-> 00:42:55,020
--not use the 60 minute without at least
--
--1027
--00:42:55,020 ~-~-> 00:42:56,940
--referring to the four hour and ideally
--
--1028
--00:42:56,940 ~-~-> 00:43:00,480
--with the daily as well. Okay. But if You
--
--1029
--00:43:00,480 ~-~-> 00:43:03,300
--are a day trader and you're using this
--
--1030
--00:43:03,330 ~-~-> 00:43:06,930
--course of understanding and price action
--
--1031
--00:43:07,140 ~-~-> 00:43:09,540
--as your beginning point or foundational
--
--1032
--00:43:09,540 ~-~-> 00:43:11,820
--study and you simply want to be a day
--
--1033
--00:43:11,820 ~-~-> 00:43:14,250
--trader and aren't limiting yourself to
--
--1034
--00:43:14,250 ~-~-> 00:43:16,410
--just taking one setup per week. If
--
--1035
--00:43:16,410 ~-~-> 00:43:18,240
--you're trading in the directional
--
--1036
--00:43:18,240 ~-~-> 00:43:20,190
--premise that's arrived at by using these
--
--1037
--00:43:20,190 ~-~-> 00:43:20,790
--concepts
--
--1038
--00:43:21,540 ~-~-> 00:43:23,640
--you can still do you
--
--1039
--00:43:24,780 ~-~-> 00:43:27,000
--day trading but still focusing on that
--
--1040
--00:43:27,000 ~-~-> 00:43:28,890
--one side of the marketplace either being
--
--1041
--00:43:28,890 ~-~-> 00:43:31,260
--a buyer or seller based on daily and
--
--1042
--00:43:31,260 ~-~-> 00:43:36,180
--four hour all daily and four hour and 60
--
--1043
--00:43:36,180 ~-~-> 00:43:37,980
--minute analysis is carried over to the
--
--1044
--00:43:37,980 ~-~-> 00:43:40,920
--15th and or five minute timeframes.
--
--1045
--00:43:47,610 ~-~-> 00:43:49,350
--Okay what analysis and processes used to
--
--1046
--00:43:49,350 ~-~-> 00:43:52,110
--study of the 15 and five minute chart
--
--1047
--00:43:53,550 ~-~-> 00:43:55,440
--Okay, this is the execution view on
--
--1048
--00:43:55,440 ~-~-> 00:43:58,470
--large funds and or order flows and the
--
--1049
--00:43:58,470 ~-~-> 00:44:01,470
--ICT, 15 or 15 I'm sorry 15 or five
--
--1050
--00:44:01,470 ~-~-> 00:44:02,130
--minute chart,
--
--1051
--00:44:02,400 ~-~-> 00:44:03,570
--timeframe checklist.
--
--1052
--00:44:04,589 ~-~-> 00:44:05,939
--The Daily four hour and 60 minute
--
--1053
--00:44:05,939 ~-~-> 00:44:08,369
--perspective is maintained even while
--
--1054
--00:44:08,369 ~-~-> 00:44:10,379
--studying price action on the lower
--
--1055
--00:44:10,379 ~-~-> 00:44:12,359
--timeframe 15 or five minute charts
--
--1056
--00:44:14,099 ~-~-> 00:44:16,319
--have the days separated with vertical
--
--1057
--00:44:16,320 ~-~-> 00:44:18,720
--lines to highlight possible day of the
--
--1058
--00:44:18,720 ~-~-> 00:44:21,270
--week theory. Again, if we're looking for
--
--1059
--00:44:21,270 ~-~-> 00:44:23,040
--the weekly, higher low to form, it's
--
--1060
--00:44:23,040 ~-~-> 00:44:24,180
--going to generally happen between
--
--1061
--00:44:24,180 ~-~-> 00:44:26,940
--Monday, Tuesday or Wednesday. And
--
--1062
--00:44:27,540 ~-~-> 00:44:29,520
--there's more detail as to when it's more
--
--1063
--00:44:29,520 ~-~-> 00:44:31,620
--specifically expected to happen in the
--
--1064
--00:44:31,620 ~-~-> 00:44:33,480
--video series if you go through the
--
--1065
--00:44:33,480 ~-~-> 00:44:36,420
--material. But for now, we can generalize
--
--1066
--00:44:36,420 ~-~-> 00:44:38,280
--it by saying Monday to Wednesday, the
--
--1067
--00:44:38,280 ~-~-> 00:44:39,600
--weekly higher low is formed so
--
--1068
--00:44:39,600 ~-~-> 00:44:41,190
--that way you can trade the rest of the
--
--1069
--00:44:41,190 ~-~-> 00:44:42,300
--week in that
--
--1070
--00:44:43,350 ~-~-> 00:44:44,490
--directional bias.
--
--1071
--00:44:46,050 ~-~-> 00:44:49,440
--Note the Asian range high and low each
--
--1072
--00:44:49,440 ~-~-> 00:44:53,940
--day. Five GMT is the end of the Asian
--
--1073
--00:44:53,940 ~-~-> 00:44:56,460
--range parameter. So what happens after
--
--1074
--00:44:56,640 ~-~-> 00:44:58,890
--five GMT, which is essentially 12
--
--1075
--00:44:58,920 ~-~-> 00:45:01,410
--midnight New York time My time, that's
--
--1076
--00:45:01,440 ~-~-> 00:45:03,900
--where I classify the new day. Now one
--
--1077
--00:45:03,900 ~-~-> 00:45:05,250
--could argue again, like I mentioned in
--
--1078
--00:45:05,250 ~-~-> 00:45:07,770
--the video course, that the new day
--
--1079
--00:45:07,770 ~-~-> 00:45:10,830
--starts in Wellington. And I'll leave
--
--1080
--00:45:10,830 ~-~-> 00:45:13,920
--that up to you to decide but for now, if
--
--1081
--00:45:13,920 ~-~-> 00:45:15,570
--you want to look at the market the way
--
--1082
--00:45:15,570 ~-~-> 00:45:17,190
--I'm looking at the market,
--
--1083
--00:45:17,460 ~-~-> 00:45:20,250
--I considered midnight the new day. And
--
--1084
--00:45:20,520 ~-~-> 00:45:23,280
--what happens after that price point is
--
--1085
--00:45:23,280 ~-~-> 00:45:26,820
--many times more valuable in terms of
--
--1086
--00:45:27,120 ~-~-> 00:45:31,530
--what takes place prior to that. Look for
--
--1087
--00:45:31,530 ~-~-> 00:45:34,800
--the daily highs to form in cell models
--
--1088
--00:45:34,980 ~-~-> 00:45:38,040
--between seven GMT and 10 GMT. This is
--
--1089
--00:45:38,040 ~-~-> 00:45:40,350
--typically the London session London
--
--1090
--00:45:40,350 ~-~-> 00:45:42,180
--invariably has a high probable
--
--1091
--00:45:42,660 ~-~-> 00:45:45,330
--likelihood if you will, of forming the
--
--1092
--00:45:45,330 ~-~-> 00:45:49,350
--daily candles high or low. Okay, and if
--
--1093
--00:45:49,350 ~-~-> 00:45:52,290
--we formulated the trading bias to be
--
--1094
--00:45:53,100 ~-~-> 00:45:55,560
--bearish, okay, we could be hunting the
--
--1095
--00:45:55,560 ~-~-> 00:45:58,380
--daily candles high to form between a
--
--1096
--00:45:58,380 ~-~-> 00:46:00,690
--specific time window and generally Seven
--
--1097
--00:46:00,990 ~-~-> 00:46:06,390
--GMT 210 GMT or the London session and
--
--1098
--00:46:06,390 ~-~-> 00:46:08,550
--conversely if you look at the daily
--
--1099
--00:46:08,580 ~-~-> 00:46:11,910
--lows, you could find them forming in bi
--
--1100
--00:46:11,910 ~-~-> 00:46:17,070
--models between seven GMT and 10 GMT. Now
--
--1101
--00:46:17,070 ~-~-> 00:46:19,620
--typically the daily high or low is
--
--1102
--00:46:19,620 ~-~-> 00:46:22,050
--formed when a sharp counter trend
--
--1103
--00:46:22,530 ~-~-> 00:46:24,990
--direction on that day and onwards it's
--
--1104
--00:46:24,990 ~-~-> 00:46:27,990
--the Judas swing. It's a false move
--
--1105
--00:46:27,990 ~-~-> 00:46:30,360
--initially to fake everyone out and then
--
--1106
--00:46:30,900 ~-~-> 00:46:32,970
--quickly rejects and goes the other way.
--
--1107
--00:46:35,160 ~-~-> 00:46:36,960
--Okay, we stock the setups
--
--1108
--00:46:37,320 ~-~-> 00:46:39,090
--by combining time and price theory
--
--1109
--00:46:39,210 ~-~-> 00:46:43,410
--we hunt inside time windows and within
--
--1110
--00:46:43,770 ~-~-> 00:46:46,560
--large order blocks found on the 60
--
--1111
--00:46:46,560 ~-~-> 00:46:49,290
--minute, four hour and daily timeframes
--
--1112
--00:46:51,090 ~-~-> 00:46:52,620
--opposite daily high or
--
--1113
--00:46:52,620 ~-~-> 00:46:57,180
--low is formed inside the 15 GMT 216 GMT
--
--1114
--00:46:57,180 ~-~-> 00:46:59,610
--hours, London clothes, what am i mean by
--
--1115
--00:46:59,610 ~-~-> 00:47:02,250
--that? means that if the highest formed
--
--1116
--00:47:02,430 ~-~-> 00:47:03,060
--in London,
--
--1117
--00:47:03,660 ~-~-> 00:47:06,090
--the low on the candle for that day is
--
--1118
--00:47:06,090 ~-~-> 00:47:08,940
--generally made during the 1500 GMT to
--
--1119
--00:47:08,940 ~-~-> 00:47:11,220
--1600 GMT, if the
--
--1120
--00:47:13,500 ~-~-> 00:47:16,470
--the reverse is made in London,
--
--1121
--00:47:16,650 ~-~-> 00:47:17,970
--okay, the opposite
--
--1122
--00:47:18,750 ~-~-> 00:47:20,310
--spectrum of the daily candle
--
--1123
--00:47:20,700 ~-~-> 00:47:23,220
--range high or low is formed obviously,
--
--1124
--00:47:23,370 ~-~-> 00:47:25,650
--during London close so I guess one could
--
--1125
--00:47:25,680 ~-~-> 00:47:27,750
--easily say that the higher lows formed
--
--1126
--00:47:27,750 ~-~-> 00:47:30,420
--in London open and during London close
--
--1127
--00:47:30,540 ~-~-> 00:47:31,410
--the higher lows
--
--1128
--00:47:31,650 ~-~-> 00:47:33,540
--formed. Conversely
--
--1129
--00:47:41,160 ~-~-> 00:47:43,320
--when timing price theory overlap trading
--
--1130
--00:47:43,320 ~-~-> 00:47:45,240
--patterns will form and that could be in
--
--1131
--00:47:45,240 ~-~-> 00:47:46,560
--the form of an optimal trade entry,
--
--1132
--00:47:47,340 ~-~-> 00:47:50,070
--harmonic pattern trading patterns and
--
--1133
--00:47:50,070 ~-~-> 00:47:52,860
--even simple divergence. Okay, so having
--
--1134
--00:47:52,860 ~-~-> 00:47:54,870
--this on this understanding will
--
--1135
--00:47:54,870 ~-~-> 00:47:56,850
--facilitate a whole nother level of
--
--1136
--00:47:56,850 ~-~-> 00:47:58,560
--trading for you and that way you can
--
--1137
--00:47:58,590 ~-~-> 00:48:01,320
--identify very, very high probability low
--
--1138
--00:48:01,320 ~-~-> 00:48:04,920
--risk trade scenarios where price action
--
--1139
--00:48:04,920 ~-~-> 00:48:07,770
--alone, as the catalyst is already
--
--1140
--00:48:07,770 ~-~-> 00:48:09,630
--predisposed to move in that direction.
--
--1141
--00:48:11,370 ~-~-> 00:48:13,110
--Use fibs and swing projections to
--
--1142
--00:48:13,110 ~-~-> 00:48:15,600
--determine possible price objectives to
--
--1143
--00:48:15,600 ~-~-> 00:48:20,190
--form risk reward ratios. Use fibs to
--
--1144
--00:48:20,190 ~-~-> 00:48:22,260
--fine tune entry points inside order
--
--1145
--00:48:22,260 ~-~-> 00:48:25,470
--blocks with London and New York. ICT
--
--1146
--00:48:25,470 ~-~-> 00:48:28,290
--kill zones. If the London setup is
--
--1147
--00:48:28,290 ~-~-> 00:48:30,000
--missed, or you were incorrect and
--
--1148
--00:48:30,000 ~-~-> 00:48:33,300
--stopped out, you can use 12 GMT, the 14
--
--1149
--00:48:33,300 ~-~-> 00:48:37,110
--GMT D New York open session. Now most of
--
--1150
--00:48:37,110 ~-~-> 00:48:39,450
--the time New York open is a continuation
--
--1151
--00:48:39,450 ~-~-> 00:48:41,370
--setup on the heels of what London's
--
--1152
--00:48:41,370 ~-~-> 00:48:44,190
--action already placed in. So in other
--
--1153
--00:48:44,190 ~-~-> 00:48:46,920
--words, if London posted the daily high
--
--1154
--00:48:46,920 ~-~-> 00:48:49,200
--and it's been going lower, many times
--
--1155
--00:48:49,230 ~-~-> 00:48:51,510
--the New York open session will be a
--
--1156
--00:48:51,510 ~-~-> 00:48:53,670
--retracement within the range formed for
--
--1157
--00:48:53,670 ~-~-> 00:48:56,190
--the daily candle at that point from the
--
--1158
--00:48:56,220 ~-~-> 00:48:59,280
--high made in London to now continuation
--
--1159
--00:48:59,280 ~-~-> 00:49:02,010
--going into the light close to completing
--
--1160
--00:49:02,010 ~-~-> 00:49:05,100
--the daily candles, price action. Now
--
--1161
--00:49:05,100 ~-~-> 00:49:06,750
--you'll want to avoid the New York open
--
--1162
--00:49:06,750 ~-~-> 00:49:09,510
--setups. If daily swings are maturing
--
--1163
--00:49:09,510 ~-~-> 00:49:12,690
--into key support resistance, New York
--
--1164
--00:49:12,690 ~-~-> 00:49:19,920
--open could produce reversals. All Trades
--
--1165
--00:49:19,920 ~-~-> 00:49:22,410
--should be limited to 1% risk of total
--
--1166
--00:49:22,410 ~-~-> 00:49:24,690
--account balance ideally while learning
--
--1167
--00:49:24,900 ~-~-> 00:49:27,510
--point two five and always one quarter of
--
--1168
--00:49:27,510 ~-~-> 00:49:31,920
--1% to one half of 1% risk should be the
--
--1169
--00:49:31,920 ~-~-> 00:49:35,400
--beginning traders parameters for maximum
--
--1170
--00:49:35,400 ~-~-> 00:49:35,850
--risk
--
--1171
--00:49:35,910 ~-~-> 00:49:36,600
--exposure.
--
--1172
--00:49:36,990 ~-~-> 00:49:38,460
--And as you get more consistent,
--
--1173
--00:49:38,490 ~-~-> 00:49:41,430
--obviously you can move towards 1% risk.
--
--1174
--00:49:42,420 ~-~-> 00:49:44,130
--But I would certainly advise you not to
--
--1175
--00:49:44,130 ~-~-> 00:49:47,370
--go above 2% even though it's commonly
--
--1176
--00:49:47,370 ~-~-> 00:49:49,830
--driven down our throats that 2% is the
--
--1177
--00:49:49,830 ~-~-> 00:49:52,380
--industry standard. Most professionals do
--
--1178
--00:49:52,380 ~-~-> 00:49:57,840
--not trade with 2% if a loss is taken,
--
--1179
--00:49:57,840 ~-~-> 00:50:00,990
--reduce risk and leverage Until the loss
--
--1180
--00:50:00,990 ~-~-> 00:50:03,720
--is recouped. It's slow and steady.
--
--1181
--00:50:03,720 ~-~-> 00:50:06,120
--That's what wins the race. Okay, so even
--
--1182
--00:50:06,120 ~-~-> 00:50:07,470
--though one could argue it's going to
--
--1183
--00:50:07,470 ~-~-> 00:50:09,570
--take you longer to recoup the loss if
--
--1184
--00:50:09,570 ~-~-> 00:50:12,060
--you have less risk exposure, but I'm
--
--1185
--00:50:12,060 ~-~-> 00:50:14,460
--going to counsel you to go back to how
--
--1186
--00:50:14,460 ~-~-> 00:50:15,840
--we are looking at trades. If we're
--
--1187
--00:50:15,840 ~-~-> 00:50:17,640
--looking for trades that have three to
--
--1188
--00:50:17,640 ~-~-> 00:50:21,090
--one payout numbers, making as many times
--
--1189
--00:50:21,090 ~-~-> 00:50:24,660
--three or more times what we risk, it
--
--1190
--00:50:24,660 ~-~-> 00:50:26,910
--doesn't take very long to recoup the
--
--1191
--00:50:26,910 ~-~-> 00:50:30,570
--loss. Okay. So theoretically, one could
--
--1192
--00:50:30,570 ~-~-> 00:50:33,240
--argue the, the thought process of that
--
--1193
--00:50:33,240 ~-~-> 00:50:34,860
--it's going to take you longer, that
--
--1194
--00:50:34,860 ~-~-> 00:50:36,930
--doesn't hold water, okay. And if you put
--
--1195
--00:50:36,930 ~-~-> 00:50:39,510
--it to, if you put these concepts to
--
--1196
--00:50:39,510 ~-~-> 00:50:41,820
--task, you'll see what I mean it's it's
--
--1197
--00:50:41,820 ~-~-> 00:50:45,270
--so much more understood, obviously, by
--
--1198
--00:50:45,300 ~-~-> 00:50:46,950
--applying it and seeing it in action even
--
--1199
--00:50:46,950 ~-~-> 00:50:48,960
--in a demo account setting which is what
--
--1200
--00:50:48,960 ~-~-> 00:50:52,350
--I advise you to do anyway. Do not rush
--
--1201
--00:50:52,350 ~-~-> 00:50:54,090
--the patterns wait for the setups and the
--
--1202
--00:50:54,090 ~-~-> 00:50:56,280
--time of day for the highest possible
--
--1203
--00:50:56,310 ~-~-> 00:51:00,990
--odds. Do not feel rushed. You don't need
--
--1204
--00:51:00,990 ~-~-> 00:51:03,390
--to rush simply because you have time
--
--1205
--00:51:03,390 ~-~-> 00:51:05,370
--that be sitting in from computers does
--
--1206
--00:51:05,370 ~-~-> 00:51:07,200
--not equate to profitable trading. So
--
--1207
--00:51:07,200 ~-~-> 00:51:08,460
--it's really important to hammer that in
--
--1208
--00:51:08,460 ~-~-> 00:51:08,910
--your head.
--
--1209
--00:51:11,070 ~-~-> 00:51:13,140
--Focus on 16 minute reaction levels
--
--1210
--00:51:13,170 ~-~-> 00:51:16,470
--for ideal risk reward ratios again, many
--
--1211
--00:51:16,470 ~-~-> 00:51:20,640
--times 123 or better. In other words, you
--
--1212
--00:51:20,640 ~-~-> 00:51:24,300
--want at least three times what you
--
--1213
--00:51:24,570 ~-~-> 00:51:26,940
--hope to absorb as a
--
--1214
--00:51:26,970 ~-~-> 00:51:28,920
--not hope to but if you're willing to
--
--1215
--00:51:28,920 ~-~-> 00:51:31,020
--take a loss in other words, if you take
--
--1216
--00:51:31,020 ~-~-> 00:51:33,900
--a loss of 20 pips, okay, you're looking
--
--1217
--00:51:33,900 ~-~-> 00:51:36,360
--for ideal trades at least 60 pips or
--
--1218
--00:51:36,360 ~-~-> 00:51:39,000
--more. Okay, so the setup that you're
--
--1219
--00:51:39,000 ~-~-> 00:51:41,460
--trading to the parameters that outline
--
--1220
--00:51:41,460 ~-~-> 00:51:44,490
--that trade idea, the risk is defined to
--
--1221
--00:51:44,490 ~-~-> 00:51:47,490
--20 pips, ideally you want 60 pips or
--
--1222
--00:51:47,490 ~-~-> 00:51:49,800
--more in terms of profit potential, okay.
--
--1223
--00:51:50,250 ~-~-> 00:51:52,710
--So if you stay in that realm, you'll
--
--1224
--00:51:52,740 ~-~-> 00:51:55,230
--you'll be very, very effective in terms
--
--1225
--00:51:55,260 ~-~-> 00:51:57,210
--of long term trading.
--
--1226
--00:51:58,140 ~-~-> 00:51:59,910
--You only need to be about 70%
--
--1227
--00:52:00,000 ~-~-> 00:52:00,630
--have the time,
--
--1228
--00:52:02,040 ~-~-> 00:52:04,440
--you know, to be wildly profitable,
--
--1229
--00:52:04,500 ~-~-> 00:52:06,630
--wildly profitable. But if you trade with
--
--1230
--00:52:06,630 ~-~-> 00:52:09,900
--three to one, you can be far less
--
--1231
--00:52:10,020 ~-~-> 00:52:12,000
--accurate in terms of your trading and
--
--1232
--00:52:12,000 ~-~-> 00:52:13,860
--still be profitable. And that's really,
--
--1233
--00:52:13,860 ~-~-> 00:52:15,270
--really where you want to start as a
--
--1234
--00:52:15,270 ~-~-> 00:52:19,770
--trader. If you have no foundation in the
--
--1235
--00:52:19,770 ~-~-> 00:52:21,960
--daily or four hour timeframes, you have
--
--1236
--00:52:21,960 ~-~-> 00:52:24,120
--absolutely zero reason to be at this
--
--1237
--00:52:24,120 ~-~-> 00:52:26,700
--late stage of analysis. Don't even look
--
--1238
--00:52:26,700 ~-~-> 00:52:28,320
--at a 15 minute timeframe. Don't look at
--
--1239
--00:52:28,320 ~-~-> 00:52:29,400
--a five minute chart because what you're
--
--1240
--00:52:29,400 ~-~-> 00:52:30,360
--going to do is you're going to talk
--
--1241
--00:52:30,360 ~-~-> 00:52:32,370
--yourself into a trade that may or may
--
--1242
--00:52:32,370 ~-~-> 00:52:34,950
--not have its foundation or premise built
--
--1243
--00:52:34,950 ~-~-> 00:52:36,360
--upon the higher time frame daily and
--
--1244
--00:52:36,360 ~-~-> 00:52:38,370
--four hour and one hour charts.
--
--1245
--00:52:40,560 ~-~-> 00:52:43,020
--Stay patient and stay focused results
--
--1246
--00:52:43,020 ~-~-> 00:52:45,120
--will manifest and absolutely surprise
--
--1247
--00:52:45,120 ~-~-> 00:52:46,350
--you. Now,
--
--1248
--00:52:47,850 ~-~-> 00:52:49,230
--hopefully this course has been
--
--1249
--00:52:49,290 ~-~-> 00:52:52,320
--insightful to you. And it's been crammed
--
--1250
--00:52:52,320 ~-~-> 00:52:55,050
--with a lot of price action analysis
--
--1251
--00:52:55,050 ~-~-> 00:52:57,540
--concepts that are unique to me. But
--
--1252
--00:52:58,170 ~-~-> 00:53:01,260
--there are many In the world of
--
--1253
--00:53:03,030 ~-~-> 00:53:05,760
--naysayers, okay to have watched some of
--
--1254
--00:53:05,760 ~-~-> 00:53:07,410
--my material or if not all of my material
--
--1255
--00:53:07,440 ~-~-> 00:53:09,450
--and walked away thinking, well, he has
--
--1256
--00:53:09,450 ~-~-> 00:53:12,390
--too many moving parts, okay? And there's
--
--1257
--00:53:12,390 ~-~-> 00:53:15,540
--too many things for his concepts to be
--
--1258
--00:53:15,540 ~-~-> 00:53:17,790
--applicable. And again, I'm revisiting
--
--1259
--00:53:17,790 ~-~-> 00:53:20,070
--that because I want to close with the
--
--1260
--00:53:20,130 ~-~-> 00:53:24,120
--premise in mind that think about the
--
--1261
--00:53:24,330 ~-~-> 00:53:28,170
--concept of riding a bike. Okay? When
--
--1262
--00:53:28,170 ~-~-> 00:53:29,880
--you're a child, you want someone maybe
--
--1263
--00:53:29,880 ~-~-> 00:53:31,050
--it was your older brother or sister
--
--1264
--00:53:31,050 ~-~-> 00:53:33,660
--riding the bicycle. Okay, you aspired to
--
--1265
--00:53:33,660 ~-~-> 00:53:35,610
--do that very thing. And perhaps that
--
--1266
--00:53:35,610 ~-~-> 00:53:37,230
--person that you were trying to ride
--
--1267
--00:53:37,350 ~-~-> 00:53:39,420
--like, Okay was able to do a wheelie No,
--
--1268
--00:53:39,420 ~-~-> 00:53:41,280
--or take a ride on his rear rear wheel.
--
--1269
--00:53:41,610 ~-~-> 00:53:42,450
--Okay, or
--
--1270
--00:53:42,540 ~-~-> 00:53:44,070
--when I was growing up, we were
--
--1271
--00:53:45,090 ~-~-> 00:53:48,240
--like two years of BMX bicycling and
--
--1272
--00:53:48,630 ~-~-> 00:53:52,650
--trick, trick riding, where you could sit
--
--1273
--00:53:52,650 ~-~-> 00:53:54,150
--on the handlebars and ride backwards on
--
--1274
--00:53:54,150 ~-~-> 00:53:57,570
--a bike and that's advanced level riding.
--
--1275
--00:53:57,900 ~-~-> 00:54:02,280
--Okay. You can't Do the things that those
--
--1276
--00:54:02,280 ~-~-> 00:54:07,140
--types of riders, okay, perform until you
--
--1277
--00:54:07,140 ~-~-> 00:54:09,690
--get past the training wheels. But before
--
--1278
--00:54:09,690 ~-~-> 00:54:10,770
--you even get to the training wheels, you
--
--1279
--00:54:10,770 ~-~-> 00:54:12,480
--got to be able to get on the bike and
--
--1280
--00:54:12,480 ~-~-> 00:54:15,600
--mount yourself and stay on it before you
--
--1281
--00:54:15,600 ~-~-> 00:54:17,640
--can even start pedaling. There's stages
--
--1282
--00:54:17,640 ~-~-> 00:54:20,970
--of development. Okay? Now obviously, if
--
--1283
--00:54:20,970 ~-~-> 00:54:22,710
--you were to break down each component
--
--1284
--00:54:22,710 ~-~-> 00:54:27,090
--from the grandest scale of being
--
--1285
--00:54:27,180 ~-~-> 00:54:29,700
--proficient at riding a bicycle, to the
--
--1286
--00:54:29,700 ~-~-> 00:54:31,620
--minute detail of simply beginning the
--
--1287
--00:54:31,620 ~-~-> 00:54:33,870
--origin of aspiring to one of the
--
--1288
--00:54:33,870 ~-~-> 00:54:34,410
--bicycle,
--
--1289
--00:54:34,560 ~-~-> 00:54:36,870
--okay, anything and everything could be
--
--1290
--00:54:36,870 ~-~-> 00:54:41,640
--made very daunting with a measurable
--
--1291
--00:54:41,790 ~-~-> 00:54:46,200
--level of explanation. But this in terms
--
--1292
--00:54:46,200 ~-~-> 00:54:49,230
--of trading and speculation is so
--
--1293
--00:54:49,470 ~-~-> 00:54:51,870
--dangerous to a trader with no real
--
--1294
--00:54:51,870 ~-~-> 00:54:54,450
--understanding. It's important that you
--
--1295
--00:54:54,450 ~-~-> 00:54:56,550
--have as much understanding general
--
--1296
--00:54:56,550 ~-~-> 00:54:59,850
--knowledge before you put your money at
--
--1297
--00:54:59,850 ~-~-> 00:55:03,030
--risk. risk, okay. And I think if you
--
--1298
--00:55:03,510 ~-~-> 00:55:05,670
--studied this information, and you had
--
--1299
--00:55:05,670 ~-~-> 00:55:07,230
--traded prior to understanding these
--
--1300
--00:55:07,230 ~-~-> 00:55:09,090
--things, you would feel a little foolish
--
--1301
--00:55:09,090 ~-~-> 00:55:11,790
--on your part that you, you're probably
--
--1302
--00:55:11,790 ~-~-> 00:55:13,650
--questioning why you were trading before
--
--1303
--00:55:13,650 ~-~-> 00:55:15,180
--you understood these types of things.
--
--1304
--00:55:16,199 ~-~-> 00:55:18,119
--And that's good to to identify that.
--
--1305
--00:55:18,600 ~-~-> 00:55:21,840
--But my main point here is, while it
--
--1306
--00:55:21,840 ~-~-> 00:55:25,380
--takes a large amount of time and effort
--
--1307
--00:55:25,440 ~-~-> 00:55:28,080
--on my part and yours, to discern the
--
--1308
--00:55:28,080 ~-~-> 00:55:31,050
--general approach and concept and core
--
--1309
--00:55:31,050 ~-~-> 00:55:34,770
--tenants to how I view and analysis, the
--
--1310
--00:55:35,490 ~-~-> 00:55:38,490
--overall summary of these things, okay,
--
--1311
--00:55:38,760 ~-~-> 00:55:40,830
--are very condensed, and even this
--
--1312
--00:55:40,830 ~-~-> 00:55:43,080
--summary here, once you understand
--
--1313
--00:55:43,080 ~-~-> 00:55:45,780
--specifically what it is, it's expected
--
--1314
--00:55:45,780 ~-~-> 00:55:46,320
--of you,
--
--1315
--00:55:46,979 ~-~-> 00:55:47,729
--as a trader,
--
--1316
--00:55:48,630 ~-~-> 00:55:50,340
--you could take this entire summary and
--
--1317
--00:55:50,340 ~-~-> 00:55:53,670
--place it in a form of simple text that
--
--1318
--00:55:53,670 ~-~-> 00:55:55,200
--will fit on a business card.
--
--1319
--00:55:55,800 ~-~-> 00:55:57,210
--Okay. Basically,
--
--1320
--00:55:57,990 ~-~-> 00:56:01,020
--this is a summarized You have what it is
--
--1321
--00:56:01,020 ~-~-> 00:56:02,070
--you should have gleaned
--
--1322
--00:56:02,220 ~-~-> 00:56:04,440
--from this course. But ultimately it's
--
--1323
--00:56:04,440 ~-~-> 00:56:04,890
--this.
--
--1324
--00:56:06,150 ~-~-> 00:56:07,770
--If the daily chart suggests it's going
--
--1325
--00:56:07,770 ~-~-> 00:56:09,870
--to go up, and the four hour is in
--
--1326
--00:56:09,870 ~-~-> 00:56:12,090
--agreement that it's going to go up, use
--
--1327
--00:56:12,090 ~-~-> 00:56:15,330
--the one hour chart to set up a timeframe
--
--1328
--00:56:16,470 ~-~-> 00:56:18,630
--setup that allows at least three to one
--
--1329
--00:56:18,660 ~-~-> 00:56:19,410
--risk reward.
--
--1330
--00:56:19,740 ~-~-> 00:56:20,130
--Okay,
--
--1331
--00:56:20,550 ~-~-> 00:56:22,410
--so to summarize that would be simply
--
--1332
--00:56:22,410 ~-~-> 00:56:22,740
--this,
--
--1333
--00:56:23,040 ~-~-> 00:56:24,270
--look at an hourly chart.
--
--1334
--00:56:25,830 ~-~-> 00:56:28,320
--By when the daily and four hour suggests
--
--1335
--00:56:28,620 ~-~-> 00:56:31,500
--it's likely to go higher. Use your fibs
--
--1336
--00:56:31,500 ~-~-> 00:56:36,090
--for optimal trade entry pattern where it
--
--1337
--00:56:36,090 ~-~-> 00:56:38,310
--overlaps with an order block, use a
--
--1338
--00:56:38,310 ~-~-> 00:56:40,440
--previous high as your first objective to
--
--1339
--00:56:40,500 ~-~-> 00:56:43,110
--exit with profit and then use Fibonacci
--
--1340
--00:56:43,110 ~-~-> 00:56:45,150
--extensions to take your additional
--
--1341
--00:56:45,390 ~-~-> 00:56:49,080
--profits look to be buying on a Monday
--
--1342
--00:56:49,080 ~-~-> 00:56:51,390
--Tuesday or Wednesday when it's bullish.
--
--1343
--00:56:51,690 ~-~-> 00:56:55,410
--Okay. And diverse reverses said for
--
--1344
--00:56:55,410 ~-~-> 00:56:59,100
--sells. You time your entries during
--
--1345
--00:56:59,100 ~-~-> 00:57:03,300
--London in New York. Risk only 1% or one
--
--1346
--00:57:03,300 ~-~-> 00:57:04,800
--quarter percent or one half percent
--
--1347
--00:57:04,800 ~-~-> 00:57:07,590
--based on your understanding towards
--
--1348
--00:57:07,590 ~-~-> 00:57:09,240
--either. If you're brand new at this,
--
--1349
--00:57:09,390 ~-~-> 00:57:12,120
--it's one quarter of 1%. Even in a demo
--
--1350
--00:57:12,120 ~-~-> 00:57:13,410
--account, don't think just because it's
--
--1351
--00:57:13,410 ~-~-> 00:57:15,060
--not real money, you know, you're not
--
--1352
--00:57:15,060 ~-~-> 00:57:16,350
--going to, you know, learn anything,
--
--1353
--00:57:16,350 ~-~-> 00:57:18,990
--you're gonna learn a whole lot, or as
--
--1354
--00:57:18,990 ~-~-> 00:57:21,720
--much as half of 1%. But certainly no
--
--1355
--00:57:21,720 ~-~-> 00:57:23,400
--more than 1% because it's important to
--
--1356
--00:57:23,430 ~-~-> 00:57:26,580
--develop the idea of growing your money
--
--1357
--00:57:26,580 ~-~-> 00:57:28,800
--steadily, but not exponentially quick.
--
--1358
--00:57:29,010 ~-~-> 00:57:31,350
--Okay? That can come at a later time when
--
--1359
--00:57:31,350 ~-~-> 00:57:33,510
--you understand a lot more about yourself
--
--1360
--00:57:33,510 ~-~-> 00:57:36,270
--as a trader, not in the beginning. Okay?
--
--1361
--00:57:36,690 ~-~-> 00:57:38,820
--So simply having the understanding of
--
--1362
--00:57:38,820 ~-~-> 00:57:40,050
--all the things that we've talked about
--
--1363
--00:57:40,050 ~-~-> 00:57:42,900
--in here, okay, incorporating that into a
--
--1364
--00:57:42,900 ~-~-> 00:57:45,900
--process. By doing that systematically
--
--1365
--00:57:45,900 ~-~-> 00:57:47,340
--over and over and over again, it will
--
--1366
--00:57:47,340 ~-~-> 00:57:50,520
--become ingrained in your memory. It'll
--
--1367
--00:57:50,520 ~-~-> 00:57:53,820
--be a process of simply just doing it and
--
--1368
--00:57:53,820 ~-~-> 00:57:57,390
--not thinking about it. But collectively,
--
--1369
--00:57:57,420 ~-~-> 00:57:59,100
--if you understand everything that was
--
--1370
--00:57:59,100 ~-~-> 00:58:02,130
--talked about Conceptually broken down
--
--1371
--00:58:02,640 ~-~-> 00:58:04,620
--the understanding of actually doing the
--
--1372
--00:58:04,620 ~-~-> 00:58:07,200
--very things, the procedure can be really
--
--1373
--00:58:07,200 ~-~-> 00:58:10,980
--condensed to a business card, amount of
--
--1374
--00:58:10,980 ~-~-> 00:58:13,350
--space in terms of identifying. But if
--
--1375
--00:58:13,350 ~-~-> 00:58:15,180
--you were to take that business card and
--
--1376
--00:58:15,180 ~-~-> 00:58:17,130
--hand it to someone that has no
--
--1377
--00:58:17,130 ~-~-> 00:58:18,450
--understanding or general understanding
--
--1378
--00:58:18,450 ~-~-> 00:58:21,150
--of how the markets operate, that
--
--1379
--00:58:21,210 ~-~-> 00:58:23,400
--business card is the same thing I said,
--
--1380
--00:58:23,430 ~-~-> 00:58:26,160
--when I initially came out on baby pips,
--
--1381
--00:58:26,610 ~-~-> 00:58:27,690
--and said that I could put this
--
--1382
--00:58:27,690 ~-~-> 00:58:29,910
--information on the front of USA Today,
--
--1383
--00:58:29,910 ~-~-> 00:58:32,610
--and it would go largely ignored, because
--
--1384
--00:58:32,610 ~-~-> 00:58:33,930
--it would go right over everyone's head.
--
--1385
--00:58:34,620 ~-~-> 00:58:36,300
--So that's why I forced you number one
--
--1386
--00:58:36,300 ~-~-> 00:58:39,450
--with six months of study time. I forced
--
--1387
--00:58:39,450 ~-~-> 00:58:43,200
--you to have exercises modularly. And now
--
--1388
--00:58:43,230 ~-~-> 00:58:45,120
--with this, even though if someone's just
--
--1389
--00:58:45,120 ~-~-> 00:58:46,440
--looking at this video module, they're
--
--1390
--00:58:46,440 ~-~-> 00:58:47,790
--thinking this is ridiculous, this is
--
--1391
--00:58:47,790 ~-~-> 00:58:50,100
--useless. That's precisely my point.
--
--1392
--00:58:50,370 ~-~-> 00:58:51,930
--You got to go back through the videos,
--
--1393
--00:58:52,199 ~-~-> 00:58:54,179
--take those pieces of information to
--
--1394
--00:58:54,209 ~-~-> 00:58:56,369
--arrive at this summary. And when you
--
--1395
--00:58:56,369 ~-~-> 00:58:58,229
--formulate it in this form here, when you
--
--1396
--00:58:58,229 ~-~-> 00:58:59,999
--understand each component, you have
--
--1397
--00:58:59,999 ~-~-> 00:59:02,639
--Absolutely the ICT million dollar
--
--1398
--00:59:02,639 ~-~-> 00:59:05,009
--trading plan. And with that, guys, I
--
--1399
--00:59:05,009 ~-~-> 00:59:05,849
--wish you good luck
--
--1400
--00:59:06,270 ~-~-> 00:59:07,050
--and good trading

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