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--ICT: Okay guys,
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++|1 |00:00:17,190 ~-~-> 00:00:25,590 |ICT: Okay, guys, what every new and aspiring forex trader wants to know. Now before we begin out, it's very important you understand what I'm about to tell
++|2 |00:00:25,590 ~-~-> 00:00:35,790 |you. I'm not trying to be egotistical or arrogant about, but I know exactly what you're looking for. I've been trading for 20 years, it's over two decades worth
++|3 |00:00:35,790 ~-~-> 00:00:45,570 |of real world experience in the trading markets, and not just the Forex market.  So I've been exposed really to a lot of the things you probably either just now
++|4 |00:00:45,570 ~-~-> 00:00:56,970 |getting interested in in terms of technical tools, or concepts, and probably pretty much discarded it at least 80% of the things that you probably are, are
++|5 |00:00:56,970 ~-~-> 00:01:08,670 |trying to learn now, for technical analysis. It's simply because they do not work. It's my life's passion, really, to acquire some of the most powerful
++|6 |00:01:08,940 ~-~-> 00:01:19,470 |trading concepts that are available to technical traders. And I've accumulated a pretty good toolbox over the years. And it's my pleasure now to share that with
++|7 |00:01:19,470 ~-~-> 00:01:19,770 |you.
++|8 |00:01:27,360 ~-~-> 00:01:36,060 |So you want to be a forex trader? Well, let's first congratulate you with that decision. Because I mean, this from the bottom of my heart, I think this is the
++|9 |00:01:36,060 ~-~-> 00:01:48,480 |absolute best asset class there is. And that flies in the face of one of my mentors, Larry Williams opinion of the Forex market. Larry Williams has his own
++|10 |00:01:48,480 ~-~-> 00:02:02,070 |record stating that the foreign exchange market is the worst place to be in. And I've come to realize that's not entirely true. I believe that our mentors
++|11 |00:02:02,070 ~-~-> 00:02:13,650 |opinions are beneficial to us. But we are never to be locked in to one particular person's perspective. And that goes with me as well. So if I say
++|12 |00:02:13,650 ~-~-> 00:02:22,530 |something that does not resonate with you, as a developing trader, or someone that has experience, don't let that influence you in not least seeking out that
++|13 |00:02:22,530 ~-~-> 00:02:34,560 |matter a little bit deeper. I simply don't like bollinger bands, for instance, and you may acquire a taste for using that as a tool. So don't let my insights
++|14 |00:02:34,590 ~-~-> 00:02:44,880 |discourage you. Okay, from doing further research, I'm confident that even if you deviate from my material, you will come back to if you've sincerely given it
++|15 |00:02:45,000 ~-~-> 00:03:00,840 |a you know, a thorough going through once or twice. But I think this business is very, very beneficial, okay, to small traders, because if you're trading in the
++|16 |00:03:00,840 ~-~-> 00:03:11,520 |stock market, how many shares of stock Can you buy of Apple right now, Adidas did a four to one split, I think it was. Now it's like $90 a share at the time
++|17 |00:03:11,520 ~-~-> 00:03:21,240 |of this recording, but how many how many shares you're going to be able to buy if you have 1000 bucks, not many. And if you're trading a commodity market,
++|18 |00:03:21,360 ~-~-> 00:03:32,940 |okay, the initial margin on some of those particular asset classes are pretty hefty as well. Okay? So, and plus you're stuck inside of the, the futures
++|19 |00:03:32,940 ~-~-> 00:03:43,680 |contract specification. And, for instance, you know, if you're trading the currency, the British pound, okay, you're stuck trading, either the midam
++|20 |00:03:43,680 ~-~-> 00:03:54,120 |contract or the new half of a full contract, or you're trading the large contract. Okay, so you're kind of like forced to trade one or the other. And
++|21 |00:03:54,150 ~-~-> 00:04:04,050 |either one of them may not even fit your risk parameters that you would need, based on the equity Do you fund your account with that doesn't occur in the
++|22 |00:04:04,050 ~-~-> 00:04:14,580 |foreign exchange market, when you're trading spot retail, you have the ability to tailor your trading based on your risk adversity and send out words if you
++|23 |00:04:14,880 ~-~-> 00:04:24,780 |are very, very conservative, and you don't want to trade a whole lot in terms of risk. Okay, you can gear your leveraging down to a very, very small risk. Now
++|24 |00:04:24,780 ~-~-> 00:04:31,380 |you're not going to make a whole lot of money, okay, but you're not risking a whole lot either. And that's really where you should be at as a developing
++|25 |00:04:31,380 ~-~-> 00:04:40,710 |trader not focusing on how much money you can make. So there's a lot of rules that we're going to be putting on you Okay, and shaping your mindset as as it
++|26 |00:04:40,710 ~-~-> 00:04:50,730 |were. Okay for a developing trader and how to build this into your business. But for now, okay, understand that. This is an exciting adventure for you is
++|27 |00:04:50,730 ~-~-> 00:05:02,760 |something that you could do a very very good living Okay, exceptional living if you if, if you if you do Delve accurately in terms of In the process of becoming
++|28 |00:05:02,790 ~-~-> 00:05:18,810 |a methodical trader, role based trader, and if you adopt a strong psychological profile for how your trading relates to the neophytes, street traders, okay, and
++|29 |00:05:18,810 ~-~-> 00:05:26,700 |really, if you're watching this video, you're probably in that category. And it's not to be offensive, we all start there, okay, but if you understand that
++|30 |00:05:26,730 ~-~-> 00:05:35,730 |you have to, you have to pitch a tent there for a little while, but don't move into that neighborhood, you're going to eventually move out, okay, and move into
++|31 |00:05:35,730 ~-~-> 00:05:48,090 |a developmental process of developing into a professional trader. So, before we get into all of the specifics, let's go and look at some of the rules, okay to
++|32 |00:05:48,090 ~-~-> 00:05:52,260 |building a solid foundation as a starting developing trader.
++|33 |00:05:56,850 ~-~-> 00:06:06,060 |Now, again, I don't mean this to be arrogant, but I know exactly what you're looking for. You're probably watching this video at your job. And or you just
++|34 |00:06:06,060 ~-~-> 00:06:15,510 |recently got off of work, and you're watching videos that has been shared by me and probably other people on the internet. And you're pretty much daydreaming
++|35 |00:06:15,540 ~-~-> 00:06:27,390 |about what it would be like to get out of the rat race. And I know exactly how that feels. I've worked some of the most god awful positions in terms of working
++|36 |00:06:27,390 ~-~-> 00:06:42,180 |class. And I'm pretty much the definition of a working class hero, I was not going to stay in that industry of being a slave, if you will, to demand I'm,
++|37 |00:06:42,270 ~-~-> 00:06:52,260 |I've never been wired to be subordinate to anyone, not for a long period of time, if you will. I've always been rebellious in a lot of ways as relates to
++|38 |00:06:52,260 ~-~-> 00:07:06,600 |that. So I've been motivated to always find ways to you provide a means of financial support to myself and my family, and not really be dependent upon, you
++|39 |00:07:06,600 ~-~-> 00:07:16,020 |know, the guy that calls himself the boss over me needing to call the shots. So I know exactly what you're thinking and know what you're wanting to do. Okay,
++|40 |00:07:16,020 ~-~-> 00:07:24,570 |and even if you aren't being honest with you, yourself and me, okay, if we were in a room together, some of you may say, Well, not really in this to to get
++|41 |00:07:24,570 ~-~-> 00:07:35,220 |rich, well, you're probably lying through your teeth. Okay. Everybody wants more money. Okay. And greed is bad. Okay. But it's understandable that you should
++|42 |00:07:35,220 ~-~-> 00:07:43,890 |want to be able to provide for your family. Okay. And that's what I'm going to give you some skill sets to do. Okay, I can't promise you wealth. Okay, can you
++|43 |00:07:43,890 ~-~-> 00:07:51,060 |acquire wealth doing these things? Absolutely. But I can't promise everyone being able to do that, because you're all going to develop on a different
++|44 |00:07:51,540 ~-~-> 00:07:59,220 |timeframes. And some of the skill sets that are going to be shared with you, it's going to have to require work on your part. And you may throw in the towel,
++|45 |00:07:59,280 ~-~-> 00:08:08,910 |you may get frustrated and quit, you may require more time than others, okay?  And it's going to require your use of a demo account, and you probably have
++|46 |00:08:08,910 ~-~-> 00:08:18,750 |already utilized a demo account a few times now, you probably dusted it, okay, in other words, busted all the pretend money in the account. And I don't want
++|47 |00:08:18,750 ~-~-> 00:08:30,870 |you to think in that that's, you know, without consequence, there is absolute bad habit forming when you play around in the sandbox in a demo account, unless
++|48 |00:08:30,870 ~-~-> 00:08:40,740 |you're doing specific skill sets that are inherently designed for you to adopt a, a pain threshold. And then there's some of these skills we're going to be
++|49 |00:08:40,740 ~-~-> 00:08:48,930 |sharing in drills and exercises. But I want you to understand that when you're in a demo account, you should be treating it like it's your business, okay? It's
++|50 |00:08:48,930 ~-~-> 00:08:56,910 |like it's your account. And don't open up a demo account with $50,000. So pretend money, because you're most likely chances are never going to be opening
++|51 |00:08:56,910 ~-~-> 00:09:07,560 |up a forex retail account with $50,000 if you've never traded before, so I don't want you thinking that, you know, the answers are going to be found in forums, I
++|52 |00:09:07,560 ~-~-> 00:09:14,430 |don't want you thinking that there's going to be this magic pill out there where you swallow it and all of a sudden, you're super trader, there's no specific
++|53 |00:09:14,790 ~-~-> 00:09:24,960 |method out there. That's perfect mind is not perfect. You're going to lose money doing the things that I do. Okay, but you're going to develop as a extremely
++|54 |00:09:25,200 ~-~-> 00:09:34,830 |precise trader, if you put the work into the tools I'm sharing and exercises and concepts. I don't want you to think that you have to go into this trading every
++|55 |00:09:34,830 ~-~-> 00:09:50,010 |single pair that's not needed. Okay. You only need one real particular pair. You may like the Euro, you may like the Aussie US dollar, you might like the cable,
++|56 |00:09:50,549 ~-~-> 00:10:01,589 |okay, and it's really a personal preference. Whichever one you like, pursue it.  trade it for a little while. Learn its characteristics. But you don't need to be
++|57 |00:10:01,589 ~-~-> 00:10:10,439 |trading a whole lot of pairs. And don't think that you're going to be getting rich real quick, because that's why 90% if you believe the statistics that are
++|58 |00:10:10,439 ~-~-> 00:10:18,779 |shared with us fail in this business, and it's not just forex, it's trading as a whole. Because everyone goes into it for the same reason. They want to quit
++|59 |00:10:18,779 ~-~-> 00:10:26,669 |their job this month, they want to do it with no money in the account $500 they're going to be the next guy that retires and makes it to the front of
++|60 |00:10:26,669 ~-~-> 00:10:36,539 |futures magazine, or you trader magazine this month, okay. And they're going to be the centerfold. I don't want you to think like that. Okay. And if you're
++|61 |00:10:36,539 ~-~-> 00:10:47,339 |playing a demo account, and you feel that warm, fuzzy feeling, when you get a win on paper trades, don't buy into that, okay? There's chemical reactions that
++|62 |00:10:47,369 ~-~-> 00:10:56,519 |release in your brain when you when you see yourself being right, what you're teaching yourself, okay? You're teaching yourself that when you overleveraged
++|63 |00:10:56,549 ~-~-> 00:11:04,439 |with no plan, it might work out. So therefore, that's how you're going to make your money. And that's how you're going to quit your job. And that's not how
++|64 |00:11:04,499 ~-~-> 00:11:14,909 |professional traders trade. That's not how Working Class Heroes come out of the rat race, and leave that that slave mentality to be a self sufficient,
++|65 |00:11:15,059 ~-~-> 00:11:27,239 |independent thinking, profit producing trader. Okay, Daddy equation never evolves to professional, consistent trader, okay, that is a gambler. That's the
++|66 |00:11:27,269 ~-~-> 00:11:37,349 |folks that go into account, with live funds dusted in 30 to 90 days, okay, that's statistics. That's proof. That's what happens. And we're in the business
++|67 |00:11:37,379 ~-~-> 00:11:48,389 |of avoiding that, okay? Every business goes into the beginning, with the intent of making a profit. 80% of businesses go into it with no plan, and they fail.
++|68 |00:11:48,719 ~-~-> 00:11:55,319 |Okay, so don't be surprised if that's how you go into forex trading, if you have no plan, and you're just playing around demo account, and you think it's gonna
++|69 |00:11:55,319 ~-~-> 00:12:03,359 |be like lottery, okay? Don't watch these videos, okay, because really, you're wasting your time. And you're really, you're really doing a disservice to
++|70 |00:12:03,359 ~-~-> 00:12:16,739 |yourself and a certain measure of disrespect, because I'm putting a lot of emphasis on tools and concepts for you to be in powered by, but not to be you
++|71 |00:12:16,739 ~-~-> 00:12:24,119 |cherry pick, don't go through this material, and pick out what you like, go through all that. Now, there may be tools and concepts that don't resonate with
++|72 |00:12:24,119 ~-~-> 00:12:34,919 |you. But I have a couple of them for each stage of analysis. And you can find one that really resonates with you and run with that. But I don't want you to
++|73 |00:12:34,919 ~-~-> 00:12:43,199 |think that you have to be getting rich quick. That's not what you need to be thinking here. And if you've been thinking like that, I want to ask you, where
++|74 |00:12:43,199 ~-~-> 00:12:51,569 |have you gotten with that mindset, you still working your job, you're probably more miserable now than you did before you found 4x because it was one of those
++|75 |00:12:51,629 ~-~-> 00:13:02,099 |one more dead in opportunities. One more could have been, but it's too good to be true type thing. And I guarantee you, by the time I'm done with you, you're
++|76 |00:13:02,099 ~-~-> 00:13:18,149 |going to realize that forex is not one of those things at all. Now know you've been thinking you're probably smiling right now. But think about it. You've been
++|77 |00:13:18,179 ~-~-> 00:13:27,779 |thinking about the likelihood of making your annual salary inside of a couple months, how well you're going to look amongst your friends, how well you're
++|78 |00:13:27,779 ~-~-> 00:13:36,989 |going to look amongst the opposite sex, maybe your spouse would be much more impressed with you, maybe your in laws will love you more. Okay, but the bottom
++|79 |00:13:36,989 ~-~-> 00:13:51,179 |line is, those things are external. Okay, those things are things that are going to cause you to feel like you have to weigh your performance to be significant.
++|80 |00:13:51,449 ~-~-> 00:14:00,509 |And that's not what you're doing this for, okay? You want to be trading as a business. I don't see fast food chains. Think about it like this.
++|81 |00:14:01,200 ~-~-> 00:14:11,700 |McDonald's. Just about every person on every continent knows who Ronald McDonald is. Even though they started their business, and they framed it with a
++|82 |00:14:11,700 ~-~-> 00:14:23,250 |foundation of a clown of all things to have as your mascot. Did they go in clowning around as a business? No way. They use that trademark image of a clown.
++|83 |00:14:23,760 ~-~-> 00:14:31,800 |But they're absolutely dead serious about making profits. And man, they make profits. They do very, very well. That's how you should be thinking you want to
++|84 |00:14:31,800 ~-~-> 00:14:43,620 |be thinking, How can I go forward as a business owner, okay, with no employees except for you. Okay? And you need to be going into this with that mindset
++|85 |00:14:43,620 ~-~-> 00:14:55,380 |thinking I'm going to be turning this into a future long term business. I'm going to be replacing my income with this very concept of extracting funds from
++|86 |00:14:55,380 ~-~-> 00:15:05,250 |the foreign exchange market. But it's going to come with work you He's going to have to come with a lot of effort. And it's going to be expensive. I don't
++|87 |00:15:05,250 ~-~-> 00:15:18,150 |charge money. But I promise you, I'm going to charge you time. Because I have to force patience and a lot of you, it was forced of me. That's how I learned. The
++|88 |00:15:18,150 ~-~-> 00:15:27,330 |best things come with adversity. And you're going to learn that your greatest lessons are going to come with pain, submit to the pain, submit to the
++|89 |00:15:27,330 ~-~-> 00:15:38,790 |adversity, and above all, submit the time, you're going to need to relinquish this necessity to being right. Because when you start looking at the right side
++|90 |00:15:38,790 ~-~-> 00:15:48,120 |of that chart, and not knowing what to anticipate or expect, if you haven't done the work with other skill sets, and the drills that we're going to be doing, you
++|91 |00:15:48,120 ~-~-> 00:15:57,660 |won't have the foundation to rely on knowing what to anticipate, you're going to be reacting like everyone else does in the retail market and lose their shirts.
++|92 |00:16:06,480 ~-~-> 00:16:15,240 |Alright, forget what you think, you know. Now, if you are one that likes to dabble in other people's methods, and or resources, and you'd like to blend,
++|93 |00:16:16,020 ~-~-> 00:16:25,860 |well, that doesn't work with me, okay? So it's going to require you to empty the glass, okay? or forget it all together. Because if you come into my material,
++|94 |00:16:26,070 ~-~-> 00:16:37,080 |and you want to cherry pick, you aren't going to get the benefit of the full immersion that's required to get the macro view down to the micro view. Okay.
++|95 |00:16:37,320 ~-~-> 00:16:48,690 |And by having this willingness on your part, to just simply let go of everything you think, you know, okay, and I understand it can be hard, okay, but I can't
++|96 |00:16:48,690 ~-~-> 00:17:00,600 |stress it enough that it took a lot for me to undo a lot of the things I learned. In the beginning, I thought I was really being taught by some of the
++|97 |00:17:00,600 ~-~-> 00:17:08,400 |best traders in the world by buying everyone's book out there. Because if they read a book, obviously, they must know something that you know, I don't, well,
++|98 |00:17:08,400 ~-~-> 00:17:18,510 |what they did was, they knew I would be buying that book. And those particular people were making their living off of buying new selling books, like, you know,
++|99 |00:17:18,510 ~-~-> 00:17:27,630 |I was there their customer. And I'm confident that the majority of those authors were never really successful traders, or even trade the markets ever. And I've
++|100 |00:17:27,630 ~-~-> 00:17:36,150 |been to pretty much everything that's available out there. And pretty much seen everything there is as it relates to trading, not only on the retail level, but
++|101 |00:17:36,150 ~-~-> 00:17:45,390 |on an institutional level decide that most people aren't really privy to, I spent a lot of money for my education, much more than I should have. And I can
++|102 |00:17:45,390 ~-~-> 00:17:55,230 |tell you, the majority of it was a waste of money and time, a lot of the lessons I learned, and I did have a handful of mentors. No, no, don't get me wrong. And
++|103 |00:17:55,230 ~-~-> 00:18:04,050 |I have a video on the internet that discusses where I learned my materials from and how they inspired me to get some of the other insights I gleaned from just
++|104 |00:18:04,050 ~-~-> 00:18:13,890 |simply going to the marketplace on a daily basis, looking for opportunities. But I have been through everything and digested everything that's pretty much
++|105 |00:18:13,890 ~-~-> 00:18:21,930 |available as it is now. And even still to this day, I buy courses and books, simply because I have the resources to do it too. I had the time to go through
++|106 |00:18:21,930 ~-~-> 00:18:29,550 |it in three, I just want to see if there really is any truth to the scripture that says there really is nothing new under the sun. And I can tell you there
++|107 |00:18:29,550 ~-~-> 00:18:39,180 |really isn't anything new out there. It's just regurgitated, you know, for lack of a better word crap, okay, that hasn't worked, doesn't show any form of
++|108 |00:18:39,180 ~-~-> 00:18:48,240 |consistency. And it's the same old Carnival trick where they show things that look like they've worked on the left side of the chart. But the ability for you
++|109 |00:18:48,240 ~-~-> 00:18:58,710 |to find that on the right side of chart is pretty much fleeting, and far and few between. What I have discovered is that because everyone's drinking from that
++|110 |00:18:58,710 ~-~-> 00:19:11,010 |same Well, the water sources tainted. And it wasn't until I took a step back and more or less, looked at everything backwards, everything became much more clear.
++|111 |00:19:11,400 ~-~-> 00:19:23,460 |And it was further confirmed when I got involved with folks that were much, much more knowledgeable than I am. And they pretty much tapped me into a perspective
++|112 |00:19:23,490 ~-~-> 00:19:30,570 |and looking at the marketplace that is completely and utterly unique. If you look at the books, they all tell us where to put our stop loss. And they all
++|113 |00:19:30,570 ~-~-> 00:19:39,150 |tell us when to buy and sell. But that's exactly where everyone puts their trades on and loses. Think about it. If that's the case, why are we doing that?
++|114 |00:19:39,510 ~-~-> 00:19:49,770 |Because you're being trained like a good sheep to go out and get slaughtered.  Think about it. That's what's been going on all along. But nobody is willing to
++|115 |00:19:49,770 ~-~-> 00:20:02,130 |admit what's been set up all along. You are being programmed to lose money. It's my goal to really shock you Because I don't want you to go into the thinking
++|116 |00:20:02,310 ~-~-> 00:20:10,200 |that this business was created, okay for you to come in and make money. It's not, this was not designed for you to come in and make money. This is a
++|117 |00:20:10,260 ~-~-> 00:20:14,730 |playground for the banks, and you are sheep for the slaughter.
++|118 |00:20:15,360 ~-~-> 00:20:25,020 |If you understand how the banks operate, how the dealers operate, how the market makers manipulate the marketplace, you can ride on their coattails. But I don't
++|119 |00:20:25,020 ~-~-> 00:20:32,820 |want you thinking simply because you've read a book, or you bought a course, or you went to a workshop, or you went to a seminar, I don't care how much you paid
++|120 |00:20:32,820 ~-~-> 00:20:41,370 |for it, how good different mentors are. Don't think that that's all you're going to require to go in here and start making money, you need to have a little bit
++|121 |00:20:41,370 ~-~-> 00:20:50,610 |more information, and sometimes a peek behind the curtain. And I'm pretty much the only one in the internet that really breaks it down in such a way where a it
++|122 |00:20:50,610 ~-~-> 00:21:00,540 |does sound like conspiracy theory, but to I can back it up with how the price moves, how, why it moves, when it moves, and how consistently, you know, it
++|123 |00:21:00,540 ~-~-> 00:21:14,460 |occurs. And I've developed concepts to more or less methodically explain how those individual components are stage by stage by stage step by step, how they
++|124 |00:21:14,460 ~-~-> 00:21:23,550 |unfold, what sets it up, why it's unfolding. And it really, when people are watching my videos and some of my analysis concepts that are before the fact it
++|125 |00:21:23,550 ~-~-> 00:21:32,550 |blows them away. And let me again, I'm not trying to be pompous. But it's just, that's the shock value. When you understand how the markets trade, when you are
++|126 |00:21:32,550 ~-~-> 00:21:41,970 |involved with someone that really knows what goes on behind the scenes, if you will. It's very, very exciting. When you see the things that are discussed as
++|127 |00:21:42,090 ~-~-> 00:21:52,380 |probable result reactions or expectations and it unfolds to the tee. It's very impressive to neophyte in layman's, and sometimes to even traders that have been
++|128 |00:21:52,380 ~-~-> 00:22:02,220 |around for a while, the level of precision that are that's acquired, okay, with these skill sets, it's again, equally, if not more impressive to those because
++|129 |00:22:02,220 ~-~-> 00:22:10,170 |they understand how hard it is for them to, to pull money out of the marketplace. As a new trader, you really don't know that you think it's like
++|130 |00:22:10,170 ~-~-> 00:22:18,840 |going out and pulling an apple off the tree. Okay, or pulling, you know, a stack of 15 out of the money tree you think is existing in the Forex market, you're
++|131 |00:22:18,840 ~-~-> 00:22:28,260 |just seeing through roast, rose colored glasses, everything looks the same to you. And it looks like you know, easy money. If you don't have a plan, I
++|132 |00:22:28,260 ~-~-> 00:22:35,310 |guarantee it's gonna be a nightmare for you. Okay, and we're going to build on that as we go. But I want you to understand right now, where you're at on the
++|133 |00:22:35,310 ~-~-> 00:22:47,010 |food chain, and how you're gonna be able to move yourself from being a sheep to a predator. Okay, and now officially, I want to walk me to your new beginning,
++|134 |00:22:47,010 ~-~-> 00:22:58,470 |because we are about to set some ground rules for you. And I understand that we as human beings don't necessarily like rules. And if you look at the signs that
++|135 |00:22:58,470 ~-~-> 00:23:06,750 |put on your next door neighbor's lawn, they'll say, Please don't walk on our lawn, and you're walking your dog, and what do you want to do? You want your dog
++|136 |00:23:06,750 ~-~-> 00:23:15,630 |to go walk across the lawn, or you want to step on that lawn inherently, that's our nature, we want to do the very things we're not supposed to do. Okay. I want
++|137 |00:23:15,630 ~-~-> 00:23:27,180 |you to leave your ego at the door. Okay? Don't, don't judge me. Don't judge the material until you've gone through it. And don't think that you're something
++|138 |00:23:27,180 ~-~-> 00:23:38,340 |that you really aren't. Okay? I'm not impressed by people sending me emails saying that they've been trading for x y years. And they've been doing XYZ of
++|139 |00:23:39,090 ~-~-> 00:23:46,260 |trading method and it does this and it does that. I'm not interested in if you if you're that type of person, okay.
++|140 |00:23:46,710 ~-~-> 00:23:55,410 |Again, I'm not in this for you to teach me anything. Okay. I'm in the business of sharing my experience with you. And it's because I are just going to be an
++|141 |00:23:55,410 ~-~-> 00:24:04,800 |exchange hopefully in time. I want your story. I want your success story. I want you to share it with me. That's why I share my real email addresses with you. I
++|142 |00:24:04,800 ~-~-> 00:24:14,550 |spent a lot of time because of my interest is really pegged to what you do with this information. And I want you to be a blessing to someone else in the future.
++|143 |00:24:14,790 ~-~-> 00:24:23,100 |I don't want any money from you. I'm not charging any any subscription fees or any I'm not selling you webinars and seminars and books and all this. I'm not
++|144 |00:24:23,100 ~-~-> 00:24:33,870 |doing those things. What I'm doing is I'm exchanging a relationship for a future reward. That's what I want. I want to know what you did with this information to
++|145 |00:24:33,870 ~-~-> 00:24:44,250 |help someone else. It may be helped them buy a house, it may be in by them groceries, it may be helping someone that lost the job get reestablished, okay,
++|146 |00:24:44,280 ~-~-> 00:24:56,430 |or it may be just, you know, giving to a charity and helping you someone that's less fortunate than you are. Okay, and in that to me is what we've been placed
++|147 |00:24:56,430 ~-~-> 00:25:07,230 |on this earth for to help our neighbors okay. and treat everyone like they're our family. And that's, that's the motive for me doing all this, okay, I get
++|148 |00:25:07,230 ~-~-> 00:25:17,550 |questions all the time, why am I doing this? Why am I spending so much time doing these things without any monetary exchange, I get more return with thank
++|149 |00:25:17,550 ~-~-> 00:25:25,620 |yous, because that's really all I'm looking for is the Thank you, and the future story of your success. I get more from that than you could ever do give me
++|150 |00:25:25,620 ~-~-> 00:25:35,670 |money. I don't need your money. I don't want your money, your your story and your inspiration, okay, that you share with me. And I've had a lot of
++|151 |00:25:35,670 ~-~-> 00:25:46,500 |individuals Give me that over the last 17 years of teaching, okay. I've had a lot of relationships on the internet. And many times, I'm brought to tears with
++|152 |00:25:46,530 ~-~-> 00:26:00,030 |the you the sheer inspiration that is been given to me by those that have done the things that I was hoping they would do with this information. And yes, I've
++|153 |00:26:00,030 ~-~-> 00:26:09,180 |seen some people go out and try to put it in, in in the things and sell it. And when I find out who they are, I go in and I try to tear down their their
++|154 |00:26:09,180 ~-~-> 00:26:19,380 |business model because I'll make available, you know, my time and tear down their, their, their their business plan to take what I give away for free, I go
++|155 |00:26:19,380 ~-~-> 00:26:31,980 |out and I more or less cut your throat to do it for free, and take away their paying subscribers and just welcoming them into our fold as as free. Members,
++|156 |00:26:31,980 ~-~-> 00:26:40,710 |there's no, there's no charging of anything with me. And I don't again, because I don't need your money. And I'm thankful for all those that take part in the
++|157 |00:26:40,710 ~-~-> 00:26:52,200 |currency that I've adopted for doing this, which is your Thank you, and your stories of inspiration, what you've done with the information. But there's
++|158 |00:26:52,200 ~-~-> 00:27:00,270 |something I want us all to understand going into this. As a trader, it's going to be important you understand what type of trader you are. And it's going to
++|159 |00:27:00,270 ~-~-> 00:27:10,740 |come with some understanding of some internal dialogue, you need to ask yourself a lot of questions. Are there specific to developing traders? Okay. Are you
++|160 |00:27:10,740 ~-~-> 00:27:22,080 |someone that procrastinates? Okay, do you change your mind a lot? Does it take very little change your mind, if you think like that, that tells you a specific
++|161 |00:27:22,080 ~-~-> 00:27:35,040 |profile of trading is going to suit you better than another real quick decision making? Are you an irritable person that flies off the handle real quick, you
++|162 |00:27:35,040 ~-~-> 00:27:43,470 |would be excellent scalper or day trader because you can see these minor reactions in the marketplace and make a decision based on that. Okay. If you're
++|163 |00:27:43,470 ~-~-> 00:27:53,430 |very slow to make a decision, you're ponder a lot. It takes a lot of thought, you know, it takes a whole lot of influence for you to make a decision and
++|164 |00:27:53,430 ~-~-> 00:28:02,970 |change your mind about something. You're a wonderful position trader, long term trader, if you're pretty much a happy go lucky guy and or gal, and you're pretty
++|165 |00:28:02,970 ~-~-> 00:28:13,830 |much you go with the flow, you could be a very good swing trader. Don't underestimate the power of doing this personal study, and I'm encouraging you to
++|166 |00:28:13,830 ~-~-> 00:28:22,050 |do this for a week, spend some time about some of the things that you think about how you react with your family, your spouse, your co workers, okay? How do
++|167 |00:28:22,050 ~-~-> 00:28:31,170 |you feel about, you know, all the things that you engage on a daily basis and the decision making process that you use to go along throughout your day? Are
++|168 |00:28:31,170 ~-~-> 00:28:37,500 |you quick, are you slow, okay, are you pretty much even tempered, and you pretty much can go
++|169 |00:28:38,760 ~-~-> 00:28:48,570 |in any environment and not really fly off the handle, and not really get too lethargic about making decision. If you are really balanced. That type of trader
++|170 |00:28:48,600 ~-~-> 00:28:59,040 |is, in my opinion, the best because he can or she can position trade, swing trade, short term trade, day trade and scalp, okay. And that's really where we
++|171 |00:28:59,040 ~-~-> 00:29:07,110 |want to get to. And if you are an erratic, short term thinker, you could start off as a scalper and day trader, but eventually develop into that balanced
++|172 |00:29:07,110 ~-~-> 00:29:16,440 |trader where you can trade all timeframes. And the same thing about that slow pondering decision making long term trader, we can give you skill sets to move
++|173 |00:29:16,440 ~-~-> 00:29:26,520 |you closer to a more balanced way of thinking where you can change your mind a little bit shorter term and not have to require so much in terms of influence to
++|174 |00:29:26,640 ~-~-> 00:29:28,650 |decide whether or not you will be a buyer seller.
++|175 |00:29:33,930 ~-~-> 00:29:48,900 |Now, we're going to be requiring you to utilize a demo account and I don't want you to misrepresent the concepts, okay and share new results that I'm not going
++|176 |00:29:48,900 ~-~-> 00:29:58,050 |to be impressed by. Okay. The demo account trading is not for you to send me pictures or screenshots to say look, I made this much money on paper money,
++|177 |00:29:58,290 ~-~-> 00:30:06,540 |okay, where I made this many pips. Your demo account is simply for you to look at. Nobody is supposed to be looking over your shoulder right now, unless it's
++|178 |00:30:06,540 ~-~-> 00:30:12,210 |your spouse or your business partner that you're going to be going into business with later on down the road, if you don't have enough money to go into this with
++|179 |00:30:12,210 ~-~-> 00:30:24,000 |my funds, but I don't want you also to going into a demo account with more money than you intend to trade with. Okay. And that may be a little bit of a
++|180 |00:30:24,000 ~-~-> 00:30:33,570 |constraint, because some of you may have less than $5,000, that your entire year that you intend to trade with. In that case, there's a lot of demo accounts, you
++|181 |00:30:33,570 ~-~-> 00:30:42,600 |can open it with 5000. If that's the case, whatever your demo account balances, when you open it up, only trade with the leverage that you would be able to
++|182 |00:30:42,600 ~-~-> 00:30:52,530 |trade with using the operating x equity, you would have no words, if you're gonna have $1,000, then that's all you use, regardless of how much free margin
++|183 |00:30:52,530 ~-~-> 00:30:59,790 |you have. In that demo account. You're not teaching yourself anything except for bad habits by over leveraging or doing things that you wouldn't be doing with
++|184 |00:30:59,790 ~-~-> 00:31:10,380 |the amount of money you plan to fund your Live account with over time. Do not underestimate the power of making bad habits form with demo account trading.
++|185 |00:31:10,680 ~-~-> 00:31:23,160 |Okay, demo account trading is given to you as a free tool by brokers. Now, I want you to think about this. Why would they do that? Because if you went into
++|186 |00:31:23,160 ~-~-> 00:31:33,120 |this, with real, real live funds, would not understand what you're doing, you'd lose your mind right away. And you would, you wouldn't feel good about none of
++|187 |00:31:33,120 ~-~-> 00:31:40,620 |it. Okay? Well, your first losing trade, you would close your your trade your trading account be done with it, what happens is, is they give you a demo
++|188 |00:31:40,620 ~-~-> 00:31:48,630 |account, and you play around in the demo account, you overleveraged you take a million trades in one day, and your mind is only going to focus on one of the
++|189 |00:31:48,630 ~-~-> 00:31:58,050 |good ones, the winning trades. And it's just like anything else, a casino?  Everyone out and everyone knows that 90% of people that go into a casino lose
++|190 |00:31:58,050 ~-~-> 00:32:06,510 |their money. So why do people go into the casinos by the bus loads, they fly out to Vegas, they fly out to Atlantic City, they go, you know, around the world to
++|191 |00:32:06,540 ~-~-> 00:32:17,640 |know this real high end casinos. Why? Because they want to be that one winner, they want to have that one winning experience. They want to have that, that rush
++|192 |00:32:17,670 ~-~-> 00:32:29,490 |of having had that, that that winner's mentality, even if it's just for one time they want that excitement, the what if it does happen factor? Well, I don't want
++|193 |00:32:29,490 ~-~-> 00:32:37,740 |you to have in that as a trader, especially as a developing trader, I want you to understand that you are a losing trader, every single time you put a trade on
++|194 |00:32:38,610 ~-~-> 00:32:48,900 |every trader is a losing trader. As soon as they click the execution, when a click to get into that market, they are a loser from the beginning, okay. And we
++|195 |00:32:48,900 ~-~-> 00:32:57,870 |all have to trade out of that losing position. And how well we're able to do that defines our longevity, and our career as a trader, treat the demo account,
++|196 |00:32:57,930 ~-~-> 00:32:59,790 |like it's your business equity.
++|197 |00:33:04,260 ~-~-> 00:33:13,260 |Alright, now it's time to be honest. Now, you've probably been playing with a $50,000 demo account, and he's over traded you over leveraged just to see what
++|198 |00:33:13,260 ~-~-> 00:33:23,130 |happens. Now, when you get these emotional charges from doing that, what it's doing is mentally reinforcing the depth the goal, you want to feel good about
++|199 |00:33:23,130 ~-~-> 00:33:32,970 |the trading. That's not how you develop as a trader, you want to remove the emotion, you don't want to have emotional attachment to the trades. Take the
++|200 |00:33:32,970 ~-~-> 00:33:44,220 |emotion out by keeping the leverage low. It's not about making a lot of money fast. It's about making consistent money over time. I promise you as we work
++|201 |00:33:44,220 ~-~-> 00:33:54,000 |towards the end goal here, you'll see very quickly that you only need a small amount of equity, a small amount of return and a lot of consistency and to do
++|202 |00:33:54,000 ~-~-> 00:34:01,800 |very, very well. And it doesn't take a whole lot of effort really or work to be consistent. But it does take a lot of patience, okay, and it's going to be a
++|203 |00:34:01,800 ~-~-> 00:34:09,900 |paradigm shift, it's going to be needed. Okay for some of you have that have already wasted a lot of time playing around in demo accounts. Okay, forget all
++|204 |00:34:09,900 ~-~-> 00:34:17,880 |that nonsense. You need to understand that this is going to be an expensive journey. You need to forget your ego, take all those things and leave it at the
++|205 |00:34:17,880 ~-~-> 00:34:28,380 |door. You are a new trader, you're a completely blank slate. And your demo account is representative of the decision making process that you are going to
++|206 |00:34:28,500 ~-~-> 00:34:39,570 |develop as a new trader, and how you interact with the marketplace based on the equity that you intend to trade with. And the leverage that's used with sound
++|207 |00:34:39,720 ~-~-> 00:34:54,030 |risk management and money management. Now, obviously, you've heard me say we're not trying to get rich quick, because in the beginning, you don't run, you learn
++|208 |00:34:54,030 ~-~-> 00:35:03,840 |to crawl. Then you learn to stand. Try not to fall down and when you do fall down, try not to get hurt. too badly. Then you walk and you walk briskly, and
++|209 |00:35:03,840 ~-~-> 00:35:12,120 |then you can run, then eventually you can sprint. But all too often everyone puts their money in the account and they sprint and they just quickly lose all
++|210 |00:35:12,120 ~-~-> 00:35:20,250 |their money. You don't need a whole lot of pips don't think that it's the that's the answer. Okay. I see a lot of guys that sell their wares on the internet
++|211 |00:35:20,250 ~-~-> 00:35:31,590 |that, you know, our system makes 20,000 pips a year, okay, I've made 80% accuracy with 80 80 million pips in the last five years. You don't need a lot of
++|212 |00:35:31,590 ~-~-> 00:35:46,050 |pips, okay? If you can consistently carve out a specific return a very low and return, okay, mind you, if you consistently do that and you manage your money
++|213 |00:35:46,110 ~-~-> 00:35:55,410 |appropriately, you're going to use the compounding effect, to build your equity over a period of time. And you don't need a whole lot of money, you don't need a
++|214 |00:35:55,410 ~-~-> 00:36:06,000 |lot of return, percentage wise. So discard whole that whole mentality that you need a whole lot of pips, discard the whole, I got to trade every single day.
++|215 |00:36:06,030 ~-~-> 00:36:18,720 |That's not that's not essential. Okay? What you need to be thinking is, I can do a very, very good career with less than several 100 pips per month. And I'm
++|216 |00:36:18,720 ~-~-> 00:36:20,040 |going to show you that as we go.
++|217 |00:36:25,950 ~-~-> 00:36:36,240 |Now, it's important that you stay rooted in the reality of who you are, as a trader, don't go into this with a development process, and when Shouldn't you
++|218 |00:36:36,240 ~-~-> 00:36:46,800 |start seeing consistency, don't let your head inflate, okay, you're not, you're not going to get anywhere by inviting ego as the same thing as emotion by having
++|219 |00:36:46,800 ~-~-> 00:36:56,610 |that come into your trading. And at the end of that development, okay, you're going to plague your development, you're gonna you're going to cause pitfalls,
++|220 |00:36:56,880 ~-~-> 00:37:05,580 |okay, that are just waiting to open up a swell you don't go into the forums and measure yourself against everyone else. Don't go in there bragging that you've
++|221 |00:37:05,580 ~-~-> 00:37:14,610 |been, you've been the superstar student, okay. And you've done x, y, z results with the information so that, you know, therefore, you know, you're better than
++|222 |00:37:14,610 ~-~-> 00:37:23,790 |everyone else. Okay? I'm not impressed by that. In fact, I'll shoot you down in private email or a pm if I see he's doing it. Okay. Because it's not beneficial
++|223 |00:37:23,790 ~-~-> 00:37:31,110 |to you. Nobody wants to hear it anyway. It doesn't make them feel good about themselves. It looks arrogant, it looks pompous. But more importantly, it's
++|224 |00:37:31,110 ~-~-> 00:37:38,940 |detrimental to your development, because you what you're doing is you're inflating your ego. You don't want that to happen. Okay? There, when you enter
++|225 |00:37:38,940 ~-~-> 00:37:48,990 |the marketplace, you are sheep every single time until you close the trade is a profit. Okay, and then that's what makes you a predator. That's when you leave
++|226 |00:37:49,290 ~-~-> 00:37:59,100 |the sheep level of the food chain, and you go up to the higher level where you're the apex predator. So you might think right now, okay, you might have the
++|227 |00:37:59,100 ~-~-> 00:38:06,360 |right stuff. But I promise you, if you have that mentality, and you're very egotistical, your tombstones already been carved out with your name in it,
++|228 |00:38:06,390 ~-~-> 00:38:14,010 |you're going to be in the traders graveyard, you will be in that graveyard of people that does their account, it's just going to be a matter of time, because
++|229 |00:38:14,010 ~-~-> 00:38:20,040 |you're inviting ego, you're inviting fear and greed and emotions are going to be responsible, okay for your downfall.
++|230 |00:38:25,710 ~-~-> 00:38:35,460 |Alright, I've already said it earlier, but you got to relax. It doesn't take much. Now I know. You probably hear a lot of guys talking about how many pips
++|231 |00:38:35,490 ~-~-> 00:38:45,870 |they've made over the last week or two or today or yesterday, or the last year.  Don't fall into that trap. Okay, don't fall in that trap. I'm going to show you
++|232 |00:38:45,870 ~-~-> 00:38:56,730 |how you can make less than 25 pips per week. And that's Yes, total for the whole week, risking no more than 2% you can more than double your account every single
++|233 |00:38:56,730 ~-~-> 00:39:06,630 |year. Now, how do you do that? All you have to do is earn a measly Oh 6% return per month. Now, some of us that have been around this business for a while are
++|234 |00:39:06,630 ~-~-> 00:39:16,290 |in speculation. 6% return is astronomical. Okay. But I know some of you aren't impressed by that. Because you're thinking, if I'm going to open up my account
++|235 |00:39:16,290 ~-~-> 00:39:27,270 |with $200 and I double it in a year, I'm only going to have $400 Plus I got to pay taxes on that money. Then the next year, my $400 is going to double to $800
++|236 |00:39:27,360 ~-~-> 00:39:36,540 |How am I going to get rich doing that? Well, it's not about thinking getting rich quick. I've already told you that. But if you are able to do this, if you
++|237 |00:39:36,540 ~-~-> 00:39:50,790 |think like this, if you have $1,000 of speculative capital, you allow time to do its work. making less than 25 pips, okay. It works out to be about 23 pips if
++|238 |00:39:50,790 ~-~-> 00:40:01,710 |you do the math. If you do that, okay and say you average 25 pips, you would be turning that $1,000 inside of 10 years. You have made over a million dollars
++|239 |00:40:02,250 ~-~-> 00:40:13,320 |doing this approach. Now I'm going to ask you something, do you see yourself 10 years from now? Okay? Having a million dollars doing what you do knowing what
++|240 |00:40:13,320 ~-~-> 00:40:23,820 |you know, going to the job that you go to work every single day? Do you see yourself having $1,000,000.10 years from now? If that's not true, okay, then you
++|241 |00:40:23,820 ~-~-> 00:40:32,280 |need to make some changes. Ask yourself this, say hit say you've been messing around with forex in the last couple of years and years never found any stride.
++|242 |00:40:32,280 ~-~-> 00:40:42,840 |You're just spinning your wheels. How can you feel good about what you've done with your time? Obviously, it's, it's demoralizing. And I know what that feels
++|243 |00:40:42,840 ~-~-> 00:40:50,760 |like. I've went through that I've done that not with forex, but with with futures trading, I got lucky going in initially, then I had to learn how to be a
++|244 |00:40:50,760 ~-~-> 00:41:00,420 |trader, okay, because I lost money. And then I had to forget a lot of things.  It's painful, that's painful. I could have made a whole lot more money than I
++|245 |00:41:00,420 ~-~-> 00:41:11,340 |have. Now. If I would have known the things I'm sharing with you right now for free. But ego got in my way. And then fear again, got in my way. And then
++|246 |00:41:11,340 ~-~-> 00:41:23,490 |desperation. And I was, you know, I was I went through every possible scenario.  But I want you to answer a question. If you've been a losing trader, I want to
++|247 |00:41:23,490 ~-~-> 00:41:36,360 |ask you, even if you only made five pips, okay? profit for the whole month, wouldn't it be better than you have right now. Now imagine if you slowly build
++|248 |00:41:36,360 ~-~-> 00:41:46,920 |it a point where you can consistently make 6% a month and you're doubling your money every year. Banks right now are paying less than a quarter percent. If you
++|249 |00:41:46,920 ~-~-> 00:42:01,080 |can get that for a whole year. And you can turn 100 pips a month with 2% risk, you're doubling your money every single year. That's phenomenal. If you did just
++|250 |00:42:01,080 ~-~-> 00:42:16,650 |3%. That's phenomenal. Okay, in terms of returns, you can carve out an amazing career, but it's going to take discipline, consistency, and time. If you haven't
++|251 |00:42:16,650 ~-~-> 00:42:27,840 |been consistently drawing, a return that's comparable to this. My question is this. How are you feeling now thinking that it only took this much in terms of
++|252 |00:42:28,230 ~-~-> 00:42:37,680 |return in terms of pips as well per month? To be able to who who account? Did you double your account last year? How about the year before that? How about are
++|253 |00:42:37,680 ~-~-> 00:42:46,920 |you on track this year to double your account. I'm not teaching that you have to dump your account guys on this stating that this is what you can expect, with
++|254 |00:42:46,920 ~-~-> 00:42:50,700 |very, very low expectations, and realistic returns in mind.
++|255 |00:42:56,490 ~-~-> 00:43:08,880 |Avoid the traders graveyard guys, I want to leave you with some really important points here as it relates to over trading and over leveraging. I've been a
++|256 |00:43:08,880 ~-~-> 00:43:19,530 |victim of this, in my trading as a futures trader, I know what it's like to just totally decimate your accounts. And the SSA accounts. I was plural. I've went
++|257 |00:43:19,530 ~-~-> 00:43:31,770 |through a lot of money, trying to do the get rich quick stuff. And even though I had a winning system, my over leveraging undermined it. And it caused me to get
++|258 |00:43:31,770 ~-~-> 00:43:40,020 |out of trades sooner than I should have, or hold on to with losing trades longer than I should have. And what would have been a minor loss became a huge loss.
++|259 |00:43:40,260 ~-~-> 00:43:51,450 |Okay. And that's what it's all about, you know, you got to keep your risk low.  Keep your over leveraging at bay don't overload your account. And you understand
++|260 |00:43:51,540 ~-~-> 00:44:01,950 |by the previous discussion we had about having 25 pips or less with 2% risk, that's 6% return per month compounded over the year, that's more than 100%
++|261 |00:44:01,950 ~-~-> 00:44:11,940 |return in your account. There's no rush for you to get rich, quick, okay.  doctors don't come out of med school right away making a million dollars, okay,
++|262 |00:44:11,940 ~-~-> 00:44:20,790 |they got to get their practice started. They got to grow into that field as well. But they're paying an arm and a leg, no pun intended for the education to
++|263 |00:44:20,790 ~-~-> 00:44:30,150 |get to be a practitioner of medicine, you are going to have to put that time in as well. And you can't avoid it. And you can't make shortcuts with overtrading
++|264 |00:44:30,240 ~-~-> 00:44:42,750 |and over leveraging. It never works. Trust me. Just don't do it. Now it doesn't require long hours. And they allow you guys think you got me in front your
++|265 |00:44:42,750 ~-~-> 00:44:52,200 |charts all the time. If you see this little picture. That was me. That was me as a new trader. Okay, I would work 13 hours a day that's spent on teen hours,
++|266 |00:44:52,200 ~-~-> 00:45:03,750 |okay, you know, throughout the week, looking at charts, and having very little sleep and then going back out and going to work again. So my biggest advice to
++|267 |00:45:03,750 ~-~-> 00:45:13,380 |you, if that's what you're thinking is Don't, don't think that. Okay, here's what I'd like you to do, I would like you to do another little study. And I want
++|268 |00:45:13,380 ~-~-> 00:45:27,000 |you to bracket out, one on your charts. Mark out seven in the morning, New York time, to 10 o'clock in the morning, New York time. And I want you to mark out
++|269 |00:45:27,330 ~-~-> 00:45:38,340 |two o'clock in the morning, New York time, and four o'clock in the morning, New York time, just those two little windows of time. And I want you to look at what
++|270 |00:45:38,520 ~-~-> 00:45:49,920 |takes place on a daily basis. And do that for a month, I want you to determine how much of a move took place and what time this moves began and when they ended
++|271 |00:45:50,190 ~-~-> 00:46:01,590 |each day. And I want you to understand that those three hours twice a day is all you need. And you only need one of those per day. Okay, you only need one of
++|272 |00:46:01,590 ~-~-> 00:46:17,280 |those per week. You only need one of those per month to make that 6%. If you do, you're leveraging your risk management and your trade selection properly. Now
++|273 |00:46:17,280 ~-~-> 00:46:25,860 |think about it. How does that contrast that what you think right now that you got to be trading every single day, every session, and you got to make a million
++|274 |00:46:25,860 ~-~-> 00:46:33,360 |pips Quickly, quickly, this is becoming much more reasonable and realistic, don't you think?
++|275 |00:46:43,380 ~-~-> 00:46:53,070 |Okay, let's look at a chart and discuss some of the things that are beneficial as a foundation, do some of my materials, and also give you something to really
++|276 |00:46:53,070 ~-~-> 00:47:05,940 |study on a daily basis when you're looking at your charts. It's probably something you may not have noticed if you're a new trader. But this chart
++|277 |00:47:05,940 ~-~-> 00:47:16,290 |actually gives you a whole lot of information just staring at the candlesticks themselves and the way price action moves within each swing. The pattern I'm
++|278 |00:47:16,290 ~-~-> 00:47:26,880 |going to show you now is very very important going forward, it's going to be referred to a lot in my material. And it's actually the framework for a lot of
++|279 |00:47:26,880 ~-~-> 00:47:37,050 |the price action analysis concepts that you're gonna learn through all the coursework that I'm presenting here, we're gonna be talking about swing points,
++|280 |00:47:37,110 ~-~-> 00:47:53,640 |okay, and swing points are really defined as such, we're going to show you this is one candle and to the left of it will be another candle, and to the right of
++|281 |00:47:53,640 ~-~-> 00:48:07,800 |that will be another. Okay, and this is a crude depiction of a swing high. Okay, swing highs delineated by a lower high on the left, and a lower high on the
++|282 |00:48:07,800 ~-~-> 00:48:23,970 |right, with a higher candle in the middle. Okay. And you probably guessed, a swing low is simply a low to has two higher lows surrounding it noise you have
++|283 |00:48:23,970 ~-~-> 00:48:35,610 |one higher low on the left, one higher low on the right. Okay. Sometimes when we are in technical circles, and we're discussing swing points, many times you'll
++|284 |00:48:35,610 ~-~-> 00:48:43,230 |hear a swing low represented by having something like this.
++|285 |00:48:48,690 ~-~-> 00:49:02,070 |Okay, and they, in other circles, the teacher or share ideas, they'll say that this is a swing low because it's qualified by having two higher lows on the
++|286 |00:49:02,070 ~-~-> 00:49:17,190 |right and two higher lows on the left. To me, as long as we have the three bar pattern here, that's sufficient enough for me. And if you are relying on the
++|287 |00:49:17,190 ~-~-> 00:49:26,430 |marketplace to give you that much time, the markets already really moved away from an ideal location down here for entry. Okay, so what I'm teaching you is
++|288 |00:49:26,430 ~-~-> 00:49:37,110 |I'm trying to train your eye to look at where swing points occur and how they form and how you can get very, very close to the reaction points where price is
++|289 |00:49:37,110 ~-~-> 00:49:45,990 |going to be moving aggressively up or down away from those particular price points. So now what you want to do is you want to pick i right now have an
++|290 |00:49:45,990 ~-~-> 00:49:57,570 |Australian USD h four or in other words, a chart comprised of each candle delineating four hours worth of time, okay, so in other words, every vertical
++|291 |00:49:57,570 ~-~-> 00:50:07,260 |line, or vertical candle, represent Four hours worth of time. Okay, so this is the highest high in that four hour period, and this is the lowest low in that
++|292 |00:50:07,260 ~-~-> 00:50:14,130 |four hour period. Okay? Now what I want you to do is when you go through your charts, okay, this could be in any timeframe, but I use the four hour simply
++|293 |00:50:14,130 ~-~-> 00:50:21,660 |because I like the four hour it can be used for day trading and can be used for swing trading, short term trading, even position trading, if you know what
++|294 |00:50:21,660 ~-~-> 00:50:31,110 |you're looking for in terms of higher level support resistance. But for now, what we're gonna look at is run, discuss the importance very briefly, and we're
++|295 |00:50:31,110 ~-~-> 00:50:41,550 |gonna build on this obviously, as we go along. But I want you to notice that you have a lower high to the left of this candle, and we have a lower high to the
++|296 |00:50:41,550 ~-~-> 00:50:51,810 |right of this candle. Okay, so that makes it this three bar pattern. In other words, this candle, this candle, and this candle, a swing high. Okay, so we're
++|297 |00:50:51,810 ~-~-> 00:51:06,900 |going to take that swing high, and we're going to look at to price points as it relates to this. Okay, see that what I've delineated here is the range from the
++|298 |00:51:06,900 ~-~-> 00:51:18,270 |highest high and the lowest low, that make up that entire three bar pattern.  Okay, see that, this is the lower of the three candles, if this candle in the
++|299 |00:51:18,270 ~-~-> 00:51:27,120 |middle was lower than this candle on the right of the three bar pattern, then I would have that level noted there, but the lowest. In other words, in terms of
++|300 |00:51:27,120 ~-~-> 00:51:35,550 |the total range between all three candles combined, where's the highest high, where's the lowest low, that's what we're looking for. Okay? You want to have
++|301 |00:51:35,550 ~-~-> 00:51:44,850 |this in your mind as you're looking at your charts. Now, you're going to see very quickly doing this, you could have a whole lot of lines on your chart, but
++|302 |00:51:45,210 ~-~-> 00:51:53,250 |the concept is what we're trying to arrive at. So that way, when you can clearly see the swing points on your chart, you won't need to have this many lines on
++|303 |00:51:53,250 ~-~-> 00:52:05,580 |your chart, okay. But this is one particular range that is influential, okay, to our price action analysis concepts. Okay, every price point between the high and
++|304 |00:52:05,580 ~-~-> 00:52:15,270 |low, okay, on each candle being the low, the high, the open and close of each candle is also a sensitive price point. Okay, but for now, we're just gonna
++|305 |00:52:15,270 ~-~-> 00:52:27,600 |identify the total range that makes up that swing high. The same thing occurs when we look at swing lows, okay, we have a swing low, here we have a low with a
++|306 |00:52:27,750 ~-~-> 00:52:40,590 |lower low and a higher low. Okay, see that, here's that three bar pattern. Okay, now we're going to do is we're going to delineate that. And then we're gonna use
++|307 |00:52:40,590 ~-~-> 00:52:57,450 |the high because it's this candle. Let's change the color of that just to differentiate. Okay, we're using the high candle here of the three bar pattern.
++|308 |00:52:57,450 ~-~-> 00:53:09,570 |So this is the highest of the range. And this candles low is the lowest. Okay?  Now watch what happens. Now we've delineated that range, okay, so we have a
++|309 |00:53:09,570 ~-~-> 00:53:19,530 |swing low and a swing high. Okay. So now what we're doing is we're, we're breaking the market down, and we're looking for potential reaction points. Okay.
++|310 |00:53:19,980 ~-~-> 00:53:28,560 |This swing low, you can see clearly, later in time, price came up to that same price level and look what happened. Did it stay there very long. Absolutely not.
++|311 |00:53:28,920 ~-~-> 00:53:45,660 |And the market repelled and went lower. Okay. So now, let's go back and go through some more examples. And we're going to ferret out another swing low.
++|312 |00:53:51,540 ~-~-> 00:54:01,770 |Okay. And what I've done is I've noted this swing low, so you have a candle with a low with a higher low on the left and a higher candle on the right. Okay, so
++|313 |00:54:01,860 ~-~-> 00:54:14,220 |off all three candles, okay, one has the low with a higher low on either side.  It's only taking three candles to do that. Okay. Now, you're probably asking why
++|314 |00:54:14,220 ~-~-> 00:54:23,310 |am I skipping over this little one here? Because this would be a swing low. Yes.  Well, it's because we're looking at this is a Sunday. Okay, so it kind of like,
++|315 |00:54:23,730 ~-~-> 00:54:33,510 |take that into interior equation. When you have these little, little tiny Sundays. I guess the general rule of thumb would be if we have a big range
++|316 |00:54:33,540 ~-~-> 00:54:45,600 |Sunday, then I would use it but if it's a real small little candle, usually it's typical of a Sunday. Dan, I won't factor that in. But for now, we're just gonna
++|317 |00:54:45,600 ~-~-> 00:54:56,460 |look for the most obvious swing points. Okay. So again, using the premise that we've already established, the candle highs and candles low. We have a swing low
++|318 |00:54:56,460 ~-~-> 00:55:06,120 |here. we've mapped up the highest point and the lowest point and you draw that out a little bit now. And obviously, you want to have these levels in mind,
++|319 |00:55:06,210 ~-~-> 00:55:16,170 |okay, as you look at your chart, okay, and again, going back to the the premise that if we put every single line that's available using this concept on your
++|320 |00:55:16,170 ~-~-> 00:55:26,400 |chart, you will quickly be inundated with so many levels, it would be it would be confusing to you, okay, but you'll see, after a period of time, you'll adopt
++|321 |00:55:26,460 ~-~-> 00:55:38,070 |an eye for price swings, and the ones that are going to be more useful to you will become obviously much more apparent as time goes on. Okay, but right now,
++|322 |00:55:38,070 ~-~-> 00:55:48,360 |in the beginning, you don't have that understanding, or the ability to see what you should be seeing, okay, and this is how you develop the eye for it. Okay. So
++|323 |00:55:48,360 ~-~-> 00:56:00,690 |we have the swing low here, movement up the highest high and the lowest low. We have a swing high here. Okay, we have swing low, we have no swing low in here.
++|324 |00:56:00,780 ~-~-> 00:56:10,650 |Okay, but look at what we've done here, we've, we've made this price point, just like this, okay? swing low, a higher, low and higher low on either side of it.
++|325 |00:56:11,760 ~-~-> 00:56:22,260 |Why would be? Why would we look at this level, and this level, when we're pretty much very close to it with this range already see that? Okay, so when price
++|326 |00:56:22,260 ~-~-> 00:56:30,930 |levels are very close like that, I just use the ones that are very clear. And this is a pretty important swing low versus this one. Okay, so this swing low is
++|327 |00:56:30,930 ~-~-> 00:56:40,620 |occurring inside of the range that's been established by this swing low here, guys from the low range low to the range high, this short term swing lows inside
++|328 |00:56:40,620 ~-~-> 00:56:52,170 |of that range. So This to me is going to be subordinate or less influential in terms of future prognostication. In terms of price action, this range is going
++|329 |00:56:52,170 ~-~-> 00:57:03,210 |to be much more significant later on. Okay, so now what we're, we're going to apply strength, okay. factors to which price points we use for swing highs and
++|330 |00:57:03,210 ~-~-> 00:57:19,050 |swing lows. Okay. So now we have a swing high. Okay. And we're going to use our different color. Just let me delineate that as well. Okay, and see what we have
++|331 |00:57:19,050 ~-~-> 00:57:35,310 |here. This big break down here, the lowest low in the three bar pattern. Okay, for the swing high, is this candle here? Okay, look at all the price trading
++|332 |00:57:35,310 ~-~-> 00:57:43,710 |that takes place around that price point. Okay, look at the open closings of these candles, look at the highs, the Dubai's of the candles in here, okay, you
++|333 |00:57:43,710 ~-~-> 00:57:53,340 |had some reaction in here as well later on. And that's all working within this dealing range between this low and this high. Okay, and again, what we're
++|334 |00:57:53,340 ~-~-> 00:58:03,660 |mapping out is the swing highs, extreme points, okay. And you can see, look at the body of the candle here, see, we wikked through the previous swing high
++|335 |00:58:03,660 ~-~-> 00:58:11,970 |here. Notice we didn't do a whole lot of trading there, the bodies of the candles were both below that. Okay, so these are, these are the building blocks,
++|336 |00:58:12,030 ~-~-> 00:58:20,910 |if you will, to understanding very, very advanced price action concepts that you're going to learn later on. But for now, what we're gonna be doing is
++|337 |00:58:21,330 ~-~-> 00:58:31,020 |getting you used to seeing the price swings, and swing highs and swing lows and mapping them out so that we can see future price sensitivity to those same
++|338 |00:58:31,020 ~-~-> 00:58:40,890 |particular levels. And by understanding what you're doing, by applying these concepts, you'll start to see and anticipate really, which is which, which is
++|339 |00:58:40,890 ~-~-> 00:58:43,380 |the powerful concept that you should be gleaning from this
++|340 |00:58:44,670 ~-~-> 00:58:53,610 |learning to anticipate price rejections once it trades these levels because if price was able to repel away from that particular level at a earlier time,
++|341 |00:58:53,880 ~-~-> 00:59:09,450 |chances are that probably we'll see that same effect happen at a later time.  Okay, so we have a swing high here, okay. And I'm going to show you the lows are
++|342 |00:59:09,450 ~-~-> 00:59:20,400 |pretty much equal right in here. Okay, this low and this low of the three bar pattern that makes the swing high up. We have price sensitivity right there,
++|343 |00:59:20,520 ~-~-> 00:59:32,340 |beautifully done beautifully. Okay, comes back up again. Okay, and it trades through this level and trades right back up into what level this sensitive
++|344 |00:59:32,340 ~-~-> 00:59:48,810 |level, okay? then it creates another swing high. Okay, see that. So now we're going to have low slow things over here a little bit. Confusion you too much. So
++|345 |00:59:48,810 ~-~-> 00:59:55,890 |we have a swing high in here. Okay, and the lowest low and just for completeness sake, again,
++|346 |01:00:03,689 ~-~-> 01:00:12,209 |Is it my show that but it is what it is ran to reveal it to get to the chart where I need it.
++|347 |01:00:18,180 ~-~-> 01:00:32,070 |Okay, so here is the, the higher that swing high, or that the extreme upper range of the high right here and the low. Okay, so we have this candle, this
++|348 |01:00:32,070 ~-~-> 01:00:40,440 |candle and this candle making this swing high, the lowest price point is right here. Okay, so inside these two price points, there should be future
++|349 |01:00:40,440 ~-~-> 01:00:52,080 |sensitivity, okay? Again, keying off of the open high low and close of the three bars, or three candles that make up the swing high and swing low. Okay, we have
++|350 |01:00:52,110 ~-~-> 01:01:01,230 |a swing low in here. And what we'll do is we'll mark that out.
++|351 |01:01:06,570 ~-~-> 01:01:19,380 |And the highest high inside the swing low between this candle, this candle and this candle, the highest high is here, and the lowest lows here. Okay, so we'll
++|352 |01:01:19,380 ~-~-> 01:01:28,830 |be looking for future sensitivity inside of that range. Okay, and you can see there was a very nice swing low formed here violated it just a little bit. Okay,
++|353 |01:01:29,130 ~-~-> 01:01:36,930 |and then what would it be for another swing low, notice we're not going to need to draw another line, because this level is already represented with this level
++|354 |01:01:36,930 ~-~-> 01:01:50,100 |back here, okay? In this high candle, okay, is already dealing with this range here. So see how this price swing is subordinate. Okay, inside of this swing
++|355 |01:01:50,100 ~-~-> 01:02:00,570 |low, so there's no necessity for us to fine tune any levels in here because it's already been pre determined with the range from this swing low. Okay, now we
++|356 |01:02:00,570 ~-~-> 01:02:11,070 |have this swing high, okay, see that we have a high, a higher high and a lower high. So we have high with to lower candles to either side of it. Okay, so
++|357 |01:02:11,070 ~-~-> 01:02:24,660 |making that three bar swing high pattern we like to look for. So when you see that, what we can do again is you take your your levels here and you draw that
++|358 |01:02:28,740 ~-~-> 01:02:37,110 |and what I'm doing is it's gathering this candle here because I really want to show the the very clean symmetry that's presented with this sample set in terms
++|359 |01:02:37,110 ~-~-> 01:02:52,980 |of price action. And looking at the lowest low it's this candle here because this is the lowest candle between all three candles of the sweet and high
++|360 |01:02:52,980 ~-~-> 01:03:03,990 |pattern. Okay, and let's just go forward a little bit we have a new swing low down here.
++|361 |01:03:10,500 ~-~-> 01:03:27,180 |So we have this low here and the highest high of the swing load pattern is right here. So here's the three bar pattern low Okay, the highest price point in three
++|362 |01:03:27,750 ~-~-> 01:03:36,630 |candles is this price point and lowest lows here okay and we're going to be looking for set price sensitivity going forward okay and now we have a unique
++|363 |01:03:38,700 ~-~-> 01:03:54,810 |opportunity okay to show you where price creates kind of like a muddy little swing point okay. See all these price points are basically the same okay. If you
++|364 |01:03:54,810 ~-~-> 01:04:13,200 |look very carefully you have price essentially trading almost at the same price point okay see that if you look real close this candles slightly higher than
++|365 |01:04:13,200 ~-~-> 01:04:24,870 |this one and this one okay. And again we have that same like Sunday phenomena I guess with these small little candles. So, when I have something like this, what
++|366 |01:04:24,870 ~-~-> 01:04:36,600 |I do is I look at the overall consolidation. Okay, I see the bodies in the wicks case Yeah, the wick is here, the body of the candle here the body of the candle
++|367 |01:04:36,600 ~-~-> 01:04:51,120 |here, below here, okay, when I see that, I will assume that price is still going to respect if you will, this swing low that we have the high range here. And
++|368 |01:04:51,120 ~-~-> 01:05:03,660 |also now this is a little small little trading range said this. To me, I would look for the bullish move up. Okay, now What's this, the candle that goes up,
++|369 |01:05:03,990 ~-~-> 01:05:13,560 |I'll have more weight on that. And we'll talk a lot more on that principle later on. But in this example, I would just simply refer to the bullish candle up in
++|370 |01:05:13,560 ~-~-> 01:05:22,350 |the cards. In other words, this is a White Candle there, the bullish candles as it represents in this example, and black candles are down, I would spend more
++|371 |01:05:22,350 ~-~-> 01:05:29,370 |emphasis looking at the low here. But again, going back to our principle that we already have a level that's already delineated next to that, so there's no
++|372 |01:05:29,670 ~-~-> 01:05:43,980 |essential need for us to draw a new level. Okay? So we've already dylaney delineated a specific price point for future sensitivity. Price comes up to that
++|373 |01:05:43,980 ~-~-> 01:05:53,490 |same level here creates a swing high. We have the lowest lows here, which has already been established with this level here, it says no necessity draw new
++|374 |01:05:53,490 ~-~-> 01:06:07,140 |line, we have a swing low here, with the highest of the three pattern here, very close to this level, again, no necessity to draw another level. And look at the
++|375 |01:06:07,140 ~-~-> 01:06:22,500 |price action. It's traded right off of that level. See that? See that right there? wonderful, beautiful representations of very classic price action. Give
++|376 |01:06:22,500 ~-~-> 01:06:36,480 |you some more data that does this show you how price had respected the previous levels and what had transpired from that price at price point. Can you see that?
++|377 |01:06:40,230 ~-~-> 01:06:52,200 |Alright, so now, when you look at your charts, you're going to be spending a lot of time searching for swing points, swing highs and swing lows. Okay, looking
++|378 |01:06:52,200 ~-~-> 01:07:03,540 |for levels inside of the ranges that create those swing highs and swing lows.  And you know, eventually spent a lot of time studying the sensitivity of future
++|379 |01:07:03,540 ~-~-> 01:07:14,670 |price action at the specific open, close high and low of each of the three bar pattern. In other words, we have these three candles here that make up this
++|380 |01:07:14,670 ~-~-> 01:07:25,980 |swing low here. Okay, we have an opening at this price point and the closes down here on this candle. We have an opening on this candle and a close here. We have
++|381 |01:07:25,980 ~-~-> 01:07:36,150 |an opening here on this candle and a close here. Okay. Remember I just told you the opening, the the highs, the lows and close of all three of those candles are
++|382 |01:07:36,150 ~-~-> 01:07:48,000 |sensitive. Okay, they're very, very key price points. Look at the closing price on this candle here. The highest price point of all three closes. Okay, let's go
++|383 |01:07:48,000 ~-~-> 01:07:58,830 |out in time. Look at what happens. Boom, look at the sensitivity right there.  Even though we had already leveled out this swing price point right here. Price
++|384 |01:07:58,830 ~-~-> 01:08:04,860 |stab through it, stat through it, step through it, step through it, look at the bodies of the candle, see how that was very, very
++|385 |01:08:07,680 ~-~-> 01:08:17,730 |well, staved off in terms of not being able to go lower. Yes, we whipped through within air price action, but look what the bulk of the trading was above that
++|386 |01:08:17,730 ~-~-> 01:08:28,290 |level. Okay, and just simply refer back to this closing price. And you can see that is very, very close to what was being referred to also look at the high of
++|387 |01:08:28,290 ~-~-> 01:08:41,340 |the very lowest candle to the high. Look at that go out in time. Boom. Okay, look at the high of this candle. Okay, boom. Okay, even this candle here came
++|388 |01:08:41,340 ~-~-> 01:08:53,340 |right back down to what this price point. Okay. So when you're sitting in front of computer and looking at charts, don't blindly to stare at them expecting a
++|389 |01:08:53,340 ~-~-> 01:09:03,720 |neon sign to tell you, hey, look, here's something to do, or the next trade, study how price has traded in the past. And I'll give you a whole lot of
++|390 |01:09:03,720 ~-~-> 01:09:12,690 |information. And it'll give you a lot of foundation that you need to be a price action trader and essentially, you know, putting you ahead of the pack if you
++|391 |01:09:12,690 ~-~-> 01:09:19,050 |will, and you'll be able to warm up a lot quicker to do more advanced concepts that we'll share as we go along.
++|392 |01:09:24,960 ~-~-> 01:09:37,290 |Now, above all, it's important to keep a balance in this don't become overly compulsive feeling. You have to be in the marketplace in charts and forums in my
++|393 |01:09:37,290 ~-~-> 01:09:45,180 |videos, okay. Your spouse wants to see you. Okay, and you should be wanting to see your spouse and your children as well. And your friends want to see you to
++|394 |01:09:45,600 ~-~-> 01:09:54,690 |get out there and make sure you have a life. Learning this stuff is fun. It's It's It's amazing. The rewards you get with it. But if you're not engaging the
++|395 |01:09:54,690 ~-~-> 01:10:03,690 |other parts of your life, you will be coming. You know it's an unhealthy relation. With the marketplace. So don't try to think because you got to spend a
++|396 |01:10:03,690 ~-~-> 01:10:13,380 |million hours of study in the charts in that and beginning it, you're not going to get yourself a shortcut. By doing that, yes, it's important to spend time
++|397 |01:10:13,440 ~-~-> 01:10:22,800 |again, my advice is to spend at least 30 minutes a day, looking at your charts.  doing the things that we talk about overtime, will give you skill set principles
++|398 |01:10:22,800 ~-~-> 01:10:33,570 |and, and drills and exercises to do they'll help you acquire certain price action understanding. But it's not important that you spend five or six hours a
++|399 |01:10:33,570 ~-~-> 01:10:42,510 |day I did all that stuff, okay. And yes, I eventually glean some things. But in the beginning, it was a lot of wasted time, because I just simply didn't know
++|400 |01:10:42,510 ~-~-> 01:10:49,770 |what I was looking for. Now I know what I'm looking for, how do I know? Now, what I would I should have been looking for, then my learning curve would have
++|401 |01:10:49,770 ~-~-> 01:10:57,300 |been greatly shortened. And that's my goal here with you guys. So don't try to skip to the front of the line, because you're not going to be the one that does
++|402 |01:10:57,300 ~-~-> 01:11:07,770 |it. And if you've been trading for a while, and you've been trying different things, and it hasn't been working out for you, I'm going to give you the real
++|403 |01:11:07,770 ~-~-> 01:11:18,330 |answer to it. It's not the system, and it's not going from one system to the next. This is not, the hand gets cold, go to the next best thing, you're going
++|404 |01:11:18,330 ~-~-> 01:11:30,270 |to quickly learn that you are the biggest enemy, you are the one that causes all these problems. And I know it sounds hard to swallow. But you're gonna have to
++|405 |01:11:30,270 ~-~-> 01:11:40,680 |admit it, no one else pulls the execution trigger, but you, no one else can do that. But you. So you're in charge of all these decisions. When you understand
++|406 |01:11:40,680 ~-~-> 01:11:50,910 |that, you're the one in the captain's chair, you're the You're the one at the helm, if you will, this sink, the ship either sinks or sales smoothly based on
++|407 |01:11:50,910 ~-~-> 01:11:58,440 |your decision making. Don't think that you got to go in here with a perfect system, you just need something that's going to consistently carve out a
++|408 |01:11:58,440 ~-~-> 01:12:09,300 |expected return. And then you maximize that edge or that return to get the outcome that you're looking for which is consistent, profitable, tip harvesting,
++|409 |01:12:09,600 ~-~-> 01:12:18,720 |that results in you being able to eventually move into a self sufficient lifestyle where all your living living expenses are acquired through your
++|410 |01:12:18,720 ~-~-> 01:12:29,910 |trading and your decisions making in the marketplace. Alright, so now what can we expect to learn going forward? Well, it's my intention, obviously, to share
++|411 |01:12:29,910 ~-~-> 01:12:39,120 |with you what I've learned over the last 20 plus years. Now, there's going to be a lot of mix of not just simply foreign exchange. But there's going to be a lot
++|412 |01:12:39,120 ~-~-> 01:12:50,010 |of commodity information I interweave with this because there's a lot of price action concepts that's complementary to the foreign exchange markets. I'm going
++|413 |01:12:50,010 ~-~-> 01:12:57,720 |to teach you how you can manage risk, and trades and how you can target consistency. I'm going to teach you specifically how to determine which
++|414 |01:12:57,720 ~-~-> 01:13:10,560 |direction to trade any pair. And I also spend time with exercises and drills and skill sets to help you time low risk and high reward entry points. You're going
++|415 |01:13:10,560 ~-~-> 01:13:20,730 |to learn how to project in advance high odds profit objectives, where to make your profits and how to take the profits. And I show you how well in advance
++|416 |01:13:21,150 ~-~-> 01:13:29,610 |when and where trades will form. A lot of questions I get a lot of email is they'll ask, you know, I want to know when to get in when to get out. Well,
++|417 |01:13:29,610 ~-~-> 01:13:38,880 |unless you understand how the trades are setting up the in and out isn't going to help you. I teach specifically how to attract Smart Money traders, like the
++|418 |01:13:38,880 ~-~-> 01:13:47,850 |banks, and you're gonna want to follow them. Now also, I'm going to give you a lot of tips on how to build your forex business that are completely unique to me
++|419 |01:13:47,850 ~-~-> 01:13:58,770 |and my material. So I want you to understand that this is my sincere hope. And it's my goal for you to be profitable, to be successful. And I want your success
++|420 |01:13:58,770 ~-~-> 01:14:06,840 |story I covered that. I want you to be able to be successful so that we I know you'll be able to move forward in life using this information to bless other
++|421 |01:14:06,840 ~-~-> 01:14:07,320 |people.
++|422 |01:14:09,180 ~-~-> 01:14:19,020 |When you do i'm not saying that you won't. Okay, I'm telling you that if you put the time into this, you will find success. The amount of success is going to be
++|423 |01:14:19,020 ~-~-> 01:14:30,360 |obviously dependent upon each individual trader and their development. But when you do, please share your story with me. That's all I'm asking for a simple
++|424 |01:14:30,360 ~-~-> 01:14:42,510 |thank you and what you're done for someone else, for your family for a complete, perfect stranger. What did you do to bless them? You may not be a person of
++|425 |01:14:42,510 ~-~-> 01:14:54,150 |faith may not believe in a God. But isn't it just nice to know that you did something very, very nice for someone else and not expect anything in return. I
++|426 |01:14:54,150 ~-~-> 01:15:07,290 |can't tell you the wonderful feeling that gives me doing things like this and I hope that you are passionate enough to return the currency that I'm exchanging.
++|427 |01:15:08,190 ~-~-> 01:15:20,550 |I'm giving you my life work just for story. And I want you to share that with me. And you can always reach me at inner circle trader@gmail.com or ICT at the
++|428 |01:15:20,550 ~-~-> 01:15:29,010 |inner circle trader calm and until I hear from you in the future, or when we talk again in next session. I wish you good luck and good trading.
--2
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--what every new and or aspiring forex
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--trader wants to know. Now before we get
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--out, it's very important that you
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--understand what I'm about to tell you.
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--I'm not trying to be egotistical or
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--arrogant about, but I know exactly what
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--you're looking for. I've been trading
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--for 20 years. It's over two decades
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--worth of real world experience in the
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--trading markets, and not just the Forex
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--market. So I've been exposed really to a
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--lot of the things you probably either
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--just now getting interested in in terms
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--of technical tools, or concepts and
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--probably pretty much discarded it at
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--least 80% of the things that you
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--probably are trying to learn now for
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--technical analysis. Simply because they
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--do not work. It's my life's passion
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--really, to acquire some of the most
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--powerful trading concepts that are
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--available to technical traders. And I've
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--accumulated a pretty good toolbox over
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--the years. And it's my pleasure now to
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--share that with you.
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--So you want to be a forex trader? Well,
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--let's first congratulate you with that
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--decision. Because I mean, this from the
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--bottom of my heart, I think this is the
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--absolute best asset class there is. And
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--that flies in the face of one of my
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--mentors, Larry Williams opinion of the
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--Forex market. Larry Williams has his own
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--record stating that the foreign exchange
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--market is the worst place to be in and
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--I've come to realize that's not entirely
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--true. I believe That our mentors
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--opinions are beneficial to us. But we
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--are never to be locked in to one
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--particular person's perspective. And
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--that goes with me as well. So if I say
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--something that does not resonate with
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--you as a developing trader or someone
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--that has experience, don't let that
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--influence you in, not least seeking out
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--that matter a little bit deeper. I
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--simply don't like bollinger bands for
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--instance, and you may acquire a taste
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--for using that as a tool. So don't let
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--my insights discourage you. Okay, from
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--doing further research, I'm confident
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--that even if you deviate from my
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--material, you will come back to if
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--you've sincerely given it a you know, a
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--thorough going through once or twice.
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--But I think this business is very, very
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--beneficial. Okay, to small traders,
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--because If you're trading in the stock
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--market, how many shares of stock Can you
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--buy of Apple right now, this did a four
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--to one split, I think it was. Now it's
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--like $90 a share at the time of this
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--recording, but how many how many shares
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--you're going to be able to buy if you
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--have 1000 bucks, not many. And if you're
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--trading a commodity market, okay, the
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--initial margin on some of those
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--particular asset classes are pretty
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--hefty as well. Okay? So, and plus you're
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--stuck inside of the, the futures
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--contract specification. And, for
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--instance, you know, if you're trading
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--the currency, the British pound, okay,
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--you're stuck trading, either the mid and
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--contract or the new half of a full
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--contract or you're trading the large
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--contract. Okay, so you're kind of like
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--forced to trade. One or the other in
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--either one of them may not even fit your
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--risk parameters that you would need
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--based on The equity you and you fund
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--your account with that doesn't occur in
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--the foreign exchange market. When you're
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--trading spot retail, you have the
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--ability to tailor your trading based on
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--your risk adversity. So now words if you
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--are very, very conservative and you
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--don't want to trade a whole lot in terms
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--of risk, okay, you can gear your
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--leveraging down to very, very small
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--risk. Now you're not going to make a
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--whole lot of money, okay, but you're not
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--risking a whole lot either. And that's
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--really where you should be at as a
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--developing trader not focusing on how
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--much money you can make. So there's a
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--lot of rules that we're going to be
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--putting on you Okay, and shaping your
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--mindset as it as it were. Okay for a
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--developing trader and how to build this
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--into your business. But for now, okay,
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--understand that this is an exciting
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--adventure for you is something that you
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--could do a very very good living Okay,
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--exceptional living if, if you do develop
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--accurately in terms of In the process of
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--becoming a methodical trader, role based
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--trader, and if you adopt a strong
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--psychological profile for how your
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--trading relates to neophytes, street
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--traders, okay and really, if you're
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--watching this video, you're probably in
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--that category. And it's not to be
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--offensive, we all start there, okay? But
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--if you understand that you have to, you
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--have to pitch a tent there for a little
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--while, but don't move into that
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--neighborhood you're going to eventually
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--move out okay, and move into a
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--developmental you know, process of
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--developing into a professional trader.
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--So, before we get into all of the
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--specifics, let's go and look at some of
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--the rules okay to building a solid
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--foundation as a starting developing
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--trader.
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--Now, again, I don't mean this to be
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--arrogant, but I know exactly What you're
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--130
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--looking for, you're probably watching
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--this video at your job. And or you just
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--recently got off work and you're
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--watching videos that has been shared by
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--me and probably other people on the
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--internet. And you're pretty much
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--daydreaming about what it would be like
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--to get out of the rat race. And I know
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--exactly how that feels. I've had worked
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--some of the most god awful positions in
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--terms of the working class, and I am
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--pretty much the definition of a working
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--class hero. I was not going to stay in
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--that industry, of being a slave, if you
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--will, to demand i'm i've never been
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--wired to be subordinate to anyone, not
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--for a long period of time, if you will.
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--I've always been rebellious in a lot of
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--ways as relates to that. So I've been
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--motivated to always find ways to you
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--provide a means of financial support to
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--myself and my family and not really be
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--dependent upon, you know, the the guy
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--that calls himself the boss over me. You
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--need to call the shots. So I know
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--exactly what you're thinking and what
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--you're wanting to do. Okay? And even if
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--you aren't being honest with yourself
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--and me, okay, if we were in a room
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--together, some of you may say, Well, I'm
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--not really in this to, you know, to get
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--rich, well, you're probably lying
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--through your teeth, okay? Everybody
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--wants more money, okay? And greed is
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--bad. Okay, but it's understandable that
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--you should want to be able to provide
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--for your family, okay? And that's what
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--I'm going to give you some skill sets to
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--do. Okay, I can't promise you wealth.
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--Okay, can you acquire wealth doing these
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--things? Absolutely. But I can't promise
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--everyone being able to do that because
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--you're all going to develop on a
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--different timeframes. And some of the
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--skill sets that are going to be shared
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--with you. It's going to have to require
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--work on your part, and you may throw in
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--the towel, you may get fresh And quit,
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--you may require more time than others,
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--okay? And it's gonna require your use of
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--a demo account. And you probably have
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--already utilized a demo account a few
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--times now, you probably dusted it. Okay,
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--now it's busted all the pretend money in
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--the account. And I don't want you to
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--think in that that's, you know, without
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--consequence, there is absolute bad habit
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--forming when you play around in the
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--sandbox in a demo account, unless you're
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--doing specific skill sets that are
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--inherently designed for you to adopt a,
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--a pain threshold, and then there's some
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--of these skills we're going to be
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--sharing, and drills and exercises. But I
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--want you to understand that when you're
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--in a demo account, you should be
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--treating it like it's your business,
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--okay? It's like it's your account. And
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--don't open up a demo account with
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--$50,000 or pretend money because you're
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--most likely chances are never going to
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--be opening up a forex retail account
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--with $50,000. If he's never before. So,
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--I don't want you thinking that, you
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--know, the answers are going to be found
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--in forums. I don't want you thinking
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--that there's going to be this magic pill
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--out there where you swallow and all of a
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--sudden you're super trader, there's no
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--specific method out there. That's
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--perfect mind is not perfect. You're
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--going to lose money doing the things
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--that I do. Okay? But you're going to
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--develop as a extremely precise trader,
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--if you put the work into the tools I'm
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--sharing and exercises and concepts. I
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--don't want you thinking that you have to
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--go into this trading every single pair
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--that's not needed. Okay. You only need
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--one real particular pair. You may like
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--the Euro, you may like the Aussie US
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--dollar. You might like the cable, okay,
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--and
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--it's really a personal preference.
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--Whichever one you like, pursue it. trade
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--it for a little while learn its
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--characteristic But you don't need to be
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--trading a whole lot of pairs. And don't
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--think that you're going to be getting
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--rich real quick, because that's why 90%
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--if you believe the statistics that are
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--shared with us, fail in this business,
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--and it's not just forex, it's trading as
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--a whole. Because everyone goes into it
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--for the same reason. They want to quit
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--their job this month, they want to do it
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--with no money in the account $500
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--they're going to be the next guy that
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--retires and makes it to the front of
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--futures magazine, or you trader magazine
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--this month, okay. And they're going to
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--be the centerfold. I don't want you to
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--think in like that. Okay. And if you're
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--playing a demo account, and you feel
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--that warm, fuzzy feeling when you get a
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--245
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--win on paper trades, don't buy into
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--that, okay? There's chemical reactions
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--that release in your brain when you when
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--you see yourself being right. What
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--249
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--you're teaching yourself, okay? You're
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--250
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--teaching yourself that when you over
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--leveraged with no plan, it might work
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--out so therefore That's how you're going
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--to make your money and that's how you're
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--going to quit your job. And that's not
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--255
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--how professional traders trade. That's
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--256
--00:11:05,760 ~-~-> 00:11:08,070
--not how Working Class Heroes come out of
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--the rat race and leave that that slave
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--mentality to be a self sufficient
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--independent thinking, profit producing
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--trader. Okay, debt equation neveri
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--evolves to professional, consistent
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--trader, okay, that is a gambler. That's
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--263
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--the folks that go into account with live
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--264
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--funds and dusted in 30 to 90 days. Okay,
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--265
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--that's statistics. That's proof. That's
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--what happens. And we're in the business
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--of avoiding that. Okay. Every business
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--goes into the beginning with the intent
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--of making a profit. 80% of businesses go
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--into it with no plan and they fail.
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--Okay, so don't be surprised if that's
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--how you go into forex trading. If you
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--have no plan, and just playing around
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--demo count, you think it's going to be
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--275
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--like lottery. Okay? Don't watch these
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--videos, okay. Because really You're
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--277
--00:12:00,120 ~-~-> 00:12:02,100
--wasting your time. And you're really,
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--278
--00:12:02,130 ~-~-> 00:12:03,360
--you're really doing a disservice to
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--yourself and a certain measure of
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--280
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--disrespect, because I'm putting a lot of
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--281
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--emphasis on tools and concepts for you
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--00:12:12,360 ~-~-> 00:12:16,200
--to be in, powered by, but not to be
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--cherry pick, don't go through this
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--material and pick out what you like, go
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--285
--00:12:20,010 ~-~-> 00:12:21,690
--through all of it. Now, there may be
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--286
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--tools and concepts that don't resonate
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--287
--00:12:23,970 ~-~-> 00:12:26,190
--with you. But I have a couple of them
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--288
--00:12:26,340 ~-~-> 00:12:29,160
--for each stage of analysis. And you can
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--289
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--find one that really resonates with you
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--290
--00:12:31,110 ~-~-> 00:12:34,860
--and run with that. But I don't want you
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--291
--00:12:34,860 ~-~-> 00:12:37,350
--to think in that you have to be getting
--
--292
--00:12:37,350 ~-~-> 00:12:39,180
--rich quick. That's not what you need to
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--293
--00:12:39,180 ~-~-> 00:12:40,650
--be thinking here. And if you've been
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--294
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--thinking like that, I want to ask you,
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--295
--00:12:42,810 ~-~-> 00:12:44,460
--where have you gotten with that mindset?
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--296
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--You still working your job. You're
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--297
--00:12:47,250 ~-~-> 00:12:49,080
--probably more miserable now than you did
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--298
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--before you found forex because it was
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--one of those one more dead end
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--300
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--opportunities. One more could have been
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--301
--00:12:55,860 ~-~-> 00:12:58,230
--but it's too good to be true type thing
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--302
--00:12:58,380 ~-~-> 00:13:01,080
--and I guarantee you By the time I'm done
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--303
--00:13:01,080 ~-~-> 00:13:03,030
--with you, you're going to realize that
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--304
--00:13:03,510 ~-~-> 00:13:05,580
--forex is not one of those things at all.
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--305
--00:13:10,530 ~-~-> 00:13:12,810
--Now know you've been thinking, and
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--306
--00:13:12,810 ~-~-> 00:13:15,210
--you're probably smiling right now. But
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--307
--00:13:15,210 ~-~-> 00:13:15,840
--think about it.
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--308
--00:13:17,549 ~-~-> 00:13:19,349
--You've been thinking about the
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--309
--00:13:19,349 ~-~-> 00:13:22,229
--likelihood of making your annual salary
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--310
--00:13:22,499 ~-~-> 00:13:24,719
--inside of a couple months, how well
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--311
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--you're going to look amongst your
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--312
--00:13:25,979 ~-~-> 00:13:28,169
--friends, how well you're going to look
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--00:13:28,169 ~-~-> 00:13:29,999
--amongst the opposite sex, maybe your
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--314
--00:13:29,999 ~-~-> 00:13:31,769
--spouse would be much more, you know,
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--315
--00:13:32,849 ~-~-> 00:13:34,349
--impressed with you, maybe your in laws
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--316
--00:13:34,349 ~-~-> 00:13:36,959
--will love you more. Okay, but the bottom
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--317
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--line is, those things are external.
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--318
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--Okay, those things are things that are
--
--319
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--gonna cause you to feel like you have to
--
--320
--00:13:48,149 ~-~-> 00:13:50,579
--weigh your performance to be
--
--321
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--significant. And that's not what you're
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--322
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--doing this for. Okay? You want to be
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--323
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--trading as a business. I don't see fast
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--food chains. Think about it. Like this,
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--325
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--McDonald's, just about every person on
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--326
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--every continent knows who Ronald
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--McDonald is, even though they started
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--328
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--their business, and they framed it with
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--329
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--a foundation of a clown of all things to
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--330
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--have as your mascot. Did they go in
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--clowning around as a business, no way.
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--They use that trademark image of a
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--clown. But they're absolutely dead
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--serious about making profits and man,
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--335
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--they make profits, they do very, very
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--336
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--well. That's how you should be thinking,
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--337
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--you want to be thinking, How can I go
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--338
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--forward as a business owner, okay, with
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--339
--00:14:37,739 ~-~-> 00:14:41,279
--no employees except for you. Okay? And
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--340
--00:14:41,549 ~-~-> 00:14:43,139
--you need to be going into this with that
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--341
--00:14:43,139 ~-~-> 00:14:44,969
--mindset thinking I'm going to be turning
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--342
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--this into a future long term business.
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--343
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--I'm going to be replacing my income with
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--344
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--this very concept of extracting funds
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--345
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--from the foreign exchange market. But
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--346
--00:14:57,959 ~-~-> 00:15:00,089
--it's going to come with work you He's
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--347
--00:15:00,089 ~-~-> 00:15:02,009
--going to have to come with a lot of
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--348
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--effort. And it's going to be expensive.
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--349
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--I don't charge money. But I promise you,
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--350
--00:15:08,009 ~-~-> 00:15:11,039
--I'm going to charge you time. Because I
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--351
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--have to force patients and a lot of you.
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--352
--00:15:14,309 ~-~-> 00:15:16,559
--It was forced of me. That's how I
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--353
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--learned. The best things come with
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--354
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--adversity. And you're going to learn
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--355
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--that your greatest lessons are going to
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--356
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--come with pain, submit to the pain,
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--357
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--submit to the adversity, and above all,
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--358
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--submit the time, you're going to need to
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--359
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--relinquish this necessity to being
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--360
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--right. Because when you start looking at
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--361
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--the right side of that chart, and not
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--362
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--knowing what to anticipate or expect, if
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--363
--00:15:43,259 ~-~-> 00:15:44,549
--you haven't done the work with other
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--364
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--skill sets and the drills that we're
--
--365
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--going to be doing, you won't have the
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--366
--00:15:49,679 ~-~-> 00:15:52,919
--foundation to rely on knowing what to
--
--367
--00:15:52,919 ~-~-> 00:15:54,809
--anticipate. You're going to be reacting
--
--368
--00:15:54,809 ~-~-> 00:15:56,249
--like everyone else does in the retail
--
--369
--00:15:56,249 ~-~-> 00:15:57,659
--market and lose their shirts.
--
--370
--00:16:06,450 ~-~-> 00:16:07,740
--Alright, forget what you think you know.
--
--371
--00:16:08,520 ~-~-> 00:16:10,890
--Now, if you are one that likes to dabble
--
--372
--00:16:10,890 ~-~-> 00:16:13,140
--in other people's methods and or
--
--373
--00:16:13,140 ~-~-> 00:16:16,350
--resources, and you like to blend, well,
--
--374
--00:16:16,380 ~-~-> 00:16:18,510
--that ain't gonna work with me. Okay? So
--
--375
--00:16:18,990 ~-~-> 00:16:20,490
--it's going to require you to empty the
--
--376
--00:16:20,490 ~-~-> 00:16:24,000
--glass, okay? or forget it all together.
--
--377
--00:16:24,360 ~-~-> 00:16:26,190
--Because if you come into my material and
--
--378
--00:16:26,190 ~-~-> 00:16:27,720
--you want to cherry pick, you aren't
--
--379
--00:16:27,720 ~-~-> 00:16:30,630
--going to get the benefit of the full
--
--380
--00:16:30,630 ~-~-> 00:16:33,990
--immersion that's required to get the
--
--381
--00:16:34,170 ~-~-> 00:16:37,080
--macro view down to the micro view. Okay?
--
--382
--00:16:37,290 ~-~-> 00:16:40,350
--And by having this willingness on your
--
--383
--00:16:40,350 ~-~-> 00:16:42,270
--part to just simply let go of everything
--
--384
--00:16:42,270 ~-~-> 00:16:44,220
--you think, you know, okay, and I
--
--385
--00:16:44,220 ~-~-> 00:16:48,420
--understand it can be hard, okay, but I
--
--386
--00:16:48,420 ~-~-> 00:16:52,230
--can't stress it enough that it took a
--
--387
--00:16:52,230 ~-~-> 00:16:55,200
--lot for me to undo a lot of the things I
--
--388
--00:16:55,200 ~-~-> 00:16:57,960
--learned in the beginning, I thought I
--
--389
--00:16:58,170 ~-~-> 00:17:00,570
--was really being taught Find some of the
--
--390
--00:17:00,570 ~-~-> 00:17:03,090
--best traders in the world by buying
--
--391
--00:17:03,090 ~-~-> 00:17:04,500
--everyone's book out there, because if
--
--392
--00:17:04,500 ~-~-> 00:17:06,420
--they read a book, obviously, they must
--
--393
--00:17:06,420 ~-~-> 00:17:07,860
--know something that, you know, I don't?
--
--394
--00:17:08,160 ~-~-> 00:17:10,770
--Well, what they did was, they knew I
--
--395
--00:17:10,770 ~-~-> 00:17:13,230
--would be buying that book. And those
--
--396
--00:17:13,230 ~-~-> 00:17:14,640
--particular people were making their
--
--397
--00:17:14,640 ~-~-> 00:17:17,730
--living off of buying new selling books,
--
--398
--00:17:17,730 ~-~-> 00:17:19,470
--like, you know, I was there, their
--
--399
--00:17:19,470 ~-~-> 00:17:21,990
--customer. And I'm confident that
--
--400
--00:17:21,990 ~-~-> 00:17:23,760
--majority of those authors were never
--
--401
--00:17:23,760 ~-~-> 00:17:25,320
--really successful traders or even trade
--
--402
--00:17:25,320 ~-~-> 00:17:27,990
--the markets ever. And I've been to
--
--403
--00:17:27,990 ~-~-> 00:17:29,220
--pretty much everything that's available
--
--404
--00:17:29,220 ~-~-> 00:17:31,500
--out there. And I've pretty much seen
--
--405
--00:17:31,620 ~-~-> 00:17:33,450
--everything there is as it relates to
--
--406
--00:17:33,450 ~-~-> 00:17:35,970
--trading, not only on the retail level,
--
--407
--00:17:35,970 ~-~-> 00:17:37,590
--but on the institutional level decide
--
--408
--00:17:37,590 ~-~-> 00:17:39,450
--that most people aren't really privy to.
--
--409
--00:17:40,620 ~-~-> 00:17:42,750
--I spent a lot of money for my education,
--
--410
--00:17:42,990 ~-~-> 00:17:45,390
--much more than I should have. And I can
--
--411
--00:17:45,390 ~-~-> 00:17:47,400
--tell you, the majority of it was a waste
--
--412
--00:17:47,400 ~-~-> 00:17:50,670
--of money and time. A lot of lessons I
--
--413
--00:17:50,670 ~-~-> 00:17:52,980
--learned, and I did have a handful of
--
--414
--00:17:52,980 ~-~-> 00:17:55,230
--mentors. No, no, don't get me wrong. And
--
--415
--00:17:55,230 ~-~-> 00:17:57,060
--I have a video on the internet that
--
--416
--00:17:57,060 ~-~-> 00:17:59,550
--discusses where I learned my materials
--
--417
--00:17:59,550 ~-~-> 00:18:01,890
--from and How they inspired me to get
--
--418
--00:18:01,890 ~-~-> 00:18:03,480
--some of the other insights I gleaned
--
--419
--00:18:03,690 ~-~-> 00:18:04,710
--from just simply going to the
--
--420
--00:18:04,710 ~-~-> 00:18:07,500
--marketplace on a daily basis looking for
--
--421
--00:18:07,500 ~-~-> 00:18:10,800
--opportunities. But I have been through
--
--422
--00:18:10,830 ~-~-> 00:18:13,260
--everything and digested everything
--
--423
--00:18:13,260 ~-~-> 00:18:14,850
--that's pretty much available as it is
--
--424
--00:18:14,850 ~-~-> 00:18:16,950
--now. And even still, to this day, I buy
--
--425
--00:18:17,160 ~-~-> 00:18:19,650
--courses and books, simply because I have
--
--426
--00:18:19,650 ~-~-> 00:18:21,180
--the resources to do it, too. I have the
--
--427
--00:18:21,180 ~-~-> 00:18:23,070
--time to go through it. And three, I just
--
--428
--00:18:23,070 ~-~-> 00:18:25,140
--want to see if there really is any truth
--
--429
--00:18:25,140 ~-~-> 00:18:26,880
--to the scripture that says, There really
--
--430
--00:18:26,880 ~-~-> 00:18:28,920
--is nothing new under the sun. And I can
--
--431
--00:18:28,920 ~-~-> 00:18:30,540
--tell you, there really isn't anything
--
--432
--00:18:30,540 ~-~-> 00:18:32,850
--new out there. It's just regurgitated,
--
--433
--00:18:33,210 ~-~-> 00:18:35,490
--you know, for lack of a better word
--
--434
--00:18:35,490 ~-~-> 00:18:38,370
--crap, okay, that hasn't worked, doesn't
--
--435
--00:18:38,370 ~-~-> 00:18:40,710
--show any form of consistency. And it's
--
--436
--00:18:40,710 ~-~-> 00:18:42,870
--the same old Carnival trick where they
--
--437
--00:18:42,870 ~-~-> 00:18:44,880
--show things that look like they've
--
--438
--00:18:44,880 ~-~-> 00:18:46,620
--worked on the left side of the chart,
--
--439
--00:18:46,890 ~-~-> 00:18:48,990
--but the ability for you to find that on
--
--440
--00:18:48,990 ~-~-> 00:18:50,430
--the right side of the chart is pretty
--
--441
--00:18:50,430 ~-~-> 00:18:52,560
--much fleeting and far a few between.
--
--442
--00:18:53,940 ~-~-> 00:18:57,540
--What I have discovered is that because
--
--443
--00:18:57,540 ~-~-> 00:18:59,580
--everyone's drinking from that same well
--
--444
--00:19:00,000 ~-~-> 00:19:03,750
--water sources tainted. And it wasn't
--
--445
--00:19:03,750 ~-~-> 00:19:06,270
--until I took a step back and more or
--
--446
--00:19:06,270 ~-~-> 00:19:08,850
--less, looked at everything backwards,
--
--447
--00:19:09,120 ~-~-> 00:19:11,610
--everything became much more clear. And
--
--448
--00:19:11,610 ~-~-> 00:19:14,040
--it was further confirmed when I got
--
--449
--00:19:14,040 ~-~-> 00:19:15,930
--involved with folks that were much, much
--
--450
--00:19:15,930 ~-~-> 00:19:19,950
--more knowledgeable than I am. And they
--
--451
--00:19:19,980 ~-~-> 00:19:23,460
--pretty much tapped me into a perspective
--
--452
--00:19:23,490 ~-~-> 00:19:24,930
--and looking at the marketplace. It's
--
--453
--00:19:24,930 ~-~-> 00:19:27,570
--completely and utterly unique. If you
--
--454
--00:19:27,570 ~-~-> 00:19:28,710
--look at the books, they all tell us
--
--455
--00:19:28,710 ~-~-> 00:19:30,570
--where to put our stop loss. And they all
--
--456
--00:19:30,570 ~-~-> 00:19:32,640
--tell us when to buy and sell. But that's
--
--457
--00:19:32,640 ~-~-> 00:19:34,530
--exactly where everyone puts their trades
--
--458
--00:19:34,530 ~-~-> 00:19:37,200
--on and loses. Think about it. If that's
--
--459
--00:19:37,200 ~-~-> 00:19:39,840
--the case, why are we doing that? Because
--
--460
--00:19:39,840 ~-~-> 00:19:42,150
--you're being trained like a good sheep
--
--461
--00:19:42,810 ~-~-> 00:19:45,270
--to go out and get slaughtered. Think
--
--462
--00:19:45,270 ~-~-> 00:19:47,280
--about it. That's what's been going on
--
--463
--00:19:47,280 ~-~-> 00:19:49,770
--all along. But nobody is willing to
--
--464
--00:19:49,770 ~-~-> 00:19:52,890
--admit what's been set up all along. You
--
--465
--00:19:52,890 ~-~-> 00:19:56,100
--are being programmed to lose money. It's
--
--466
--00:19:56,100 ~-~-> 00:20:00,810
--my goal to really shock you Because I
--
--467
--00:20:00,810 ~-~-> 00:20:02,490
--don't want you going into thinking that
--
--468
--00:20:02,490 ~-~-> 00:20:04,680
--this business was created, okay for you
--
--469
--00:20:04,680 ~-~-> 00:20:06,090
--to come in and make money. It's not.
--
--470
--00:20:06,600 ~-~-> 00:20:07,980
--This was not designed for you to come in
--
--471
--00:20:07,980 ~-~-> 00:20:11,130
--and make money. This is a playground for
--
--472
--00:20:11,130 ~-~-> 00:20:14,220
--the banks, and you are sheep for the
--
--473
--00:20:14,220 ~-~-> 00:20:16,440
--slaughter. If you understand how the
--
--474
--00:20:16,440 ~-~-> 00:20:18,990
--banks operate, how the dealers operate,
--
--475
--00:20:19,050 ~-~-> 00:20:20,790
--how the market makers manipulate the
--
--476
--00:20:20,790 ~-~-> 00:20:23,190
--marketplace, you can ride on their
--
--477
--00:20:23,190 ~-~-> 00:20:25,890
--coattails. But I don't want you thinking
--
--478
--00:20:26,220 ~-~-> 00:20:28,380
--simply because you've read a book, or
--
--479
--00:20:28,380 ~-~-> 00:20:30,090
--you bought a course or you went to a
--
--480
--00:20:30,090 ~-~-> 00:20:31,860
--workshop or you went to a seminar, I
--
--481
--00:20:31,860 ~-~-> 00:20:33,720
--don't care how much you paid for it, how
--
--482
--00:20:33,720 ~-~-> 00:20:36,870
--good the mentors are. Don't think that
--
--483
--00:20:36,870 ~-~-> 00:20:38,760
--that's all you're going to require to go
--
--484
--00:20:38,760 ~-~-> 00:20:40,770
--in here and start making money. You need
--
--485
--00:20:40,770 ~-~-> 00:20:42,630
--to have a little bit more information
--
--486
--00:20:42,660 ~-~-> 00:20:44,610
--and sometimes a peek behind the curtain.
--
--487
--00:20:45,210 ~-~-> 00:20:46,980
--And I'm pretty much the only one in the
--
--488
--00:20:46,980 ~-~-> 00:20:48,390
--internet that really breaks it down in
--
--489
--00:20:48,390 ~-~-> 00:20:51,120
--such a way where a it does sound like
--
--490
--00:20:51,120 ~-~-> 00:20:53,190
--conspiracy theory, but to I can back it
--
--491
--00:20:53,190 ~-~-> 00:20:56,700
--up with how the price moves, how, why it
--
--492
--00:20:56,700 ~-~-> 00:20:58,710
--moves when it moves, and how
--
--493
--00:20:58,710 ~-~-> 00:21:01,440
--consistently if You know, it occurs. And
--
--494
--00:21:01,440 ~-~-> 00:21:06,450
--I've developed concepts to more or less
--
--495
--00:21:06,450 ~-~-> 00:21:08,880
--methodically explain how those
--
--496
--00:21:08,880 ~-~-> 00:21:12,450
--individual components are stage by stage
--
--497
--00:21:12,450 ~-~-> 00:21:15,000
--by stage step by step, how they unfold,
--
--498
--00:21:15,000 ~-~-> 00:21:17,640
--what sets it up, why it's unfolding. And
--
--499
--00:21:17,640 ~-~-> 00:21:19,440
--it really, when people are watching my
--
--500
--00:21:19,440 ~-~-> 00:21:21,060
--videos and some of my analysis concepts
--
--501
--00:21:21,060 ~-~-> 00:21:23,910
--that are before the fact, it blows them
--
--502
--00:21:23,910 ~-~-> 00:21:25,260
--away, and I don't mean again, I'm not
--
--503
--00:21:25,260 ~-~-> 00:21:27,090
--trying to be pompous. But it's just
--
--504
--00:21:27,150 ~-~-> 00:21:29,730
--that's the shock value. When you
--
--505
--00:21:29,730 ~-~-> 00:21:32,310
--understand how the markets trade, when
--
--506
--00:21:32,310 ~-~-> 00:21:33,540
--you are involved with someone that
--
--507
--00:21:33,540 ~-~-> 00:21:35,400
--really knows what goes on behind the
--
--508
--00:21:35,400 ~-~-> 00:21:38,250
--scenes, if you will. It's very, very
--
--509
--00:21:38,250 ~-~-> 00:21:39,930
--exciting when you see the things that
--
--510
--00:21:39,930 ~-~-> 00:21:44,700
--are discussed as probable reactions or
--
--511
--00:21:44,700 ~-~-> 00:21:47,040
--expectations and it unfolds to the tee.
--
--512
--00:21:47,460 ~-~-> 00:21:49,140
--It's very impressive to neophyte and
--
--513
--00:21:49,140 ~-~-> 00:21:52,080
--layman's and sometimes to even traders
--
--514
--00:21:52,080 ~-~-> 00:21:53,730
--that have been around for a while, the
--
--515
--00:21:53,730 ~-~-> 00:21:55,650
--level of precision that are that's
--
--516
--00:21:55,650 ~-~-> 00:21:57,600
--acquired, okay with these skill sets.
--
--517
--00:21:57,780 ~-~-> 00:22:00,780
--It's again equally if not more
--
--518
--00:22:00,840 ~-~-> 00:22:02,310
--impressive to those because they
--
--519
--00:22:02,310 ~-~-> 00:22:03,750
--understand how hard it is for them to,
--
--520
--00:22:03,960 ~-~-> 00:22:06,630
--to, to, to pull money out of the
--
--521
--00:22:06,630 ~-~-> 00:22:08,580
--marketplace. As a new trader, you really
--
--522
--00:22:08,580 ~-~-> 00:22:10,170
--don't know that you think it's like
--
--523
--00:22:10,170 ~-~-> 00:22:11,340
--going out and pulling an apple off the
--
--524
--00:22:11,340 ~-~-> 00:22:13,470
--tree. Okay, or pulling, you know, a
--
--525
--00:22:13,500 ~-~-> 00:22:15,300
--stack of 50 out of the money tree you
--
--526
--00:22:15,300 ~-~-> 00:22:17,190
--think is existing in the Forex market.
--
--527
--00:22:18,060 ~-~-> 00:22:20,820
--You're just seeing through roast, rose
--
--528
--00:22:20,820 ~-~-> 00:22:22,830
--colored glasses, everything looks the
--
--529
--00:22:22,830 ~-~-> 00:22:24,600
--same to you and it looks like you know,
--
--530
--00:22:24,630 ~-~-> 00:22:28,260
--easy money. If you don't have a plan, I
--
--531
--00:22:28,260 ~-~-> 00:22:30,060
--guarantee it's gonna be a nightmare for
--
--532
--00:22:30,060 ~-~-> 00:22:31,830
--you. Okay, and we're going to build on
--
--533
--00:22:31,830 ~-~-> 00:22:33,390
--that as we go. But I want you to
--
--534
--00:22:33,390 ~-~-> 00:22:35,250
--understand right now where you're at on
--
--535
--00:22:35,250 ~-~-> 00:22:36,900
--the food chain and how you're going to
--
--536
--00:22:36,900 ~-~-> 00:22:38,280
--be able to move yourself from being
--
--537
--00:22:38,280 ~-~-> 00:22:44,760
--sheep to a predator. Okay, and now
--
--538
--00:22:44,760 ~-~-> 00:22:46,380
--officially, I want to welcome you to
--
--539
--00:22:46,380 ~-~-> 00:22:48,420
--your new beginning because we are about
--
--540
--00:22:48,420 ~-~-> 00:22:51,810
--to set some ground rules for you. And I
--
--541
--00:22:51,810 ~-~-> 00:22:54,570
--understand that we as human beings don't
--
--542
--00:22:54,570 ~-~-> 00:22:57,720
--necessarily like rules and if you look
--
--543
--00:22:57,720 ~-~-> 00:23:00,810
--at the signs that put on To your next
--
--544
--00:23:00,810 ~-~-> 00:23:02,940
--door neighbor's lawn, they'll say please
--
--545
--00:23:02,940 ~-~-> 00:23:04,350
--don't walk on our lawn, and you're
--
--546
--00:23:04,350 ~-~-> 00:23:05,730
--walking your dog and what do you want to
--
--547
--00:23:05,730 ~-~-> 00:23:07,590
--do? You want your dog to go walk across
--
--548
--00:23:07,590 ~-~-> 00:23:09,540
--the lawn, or you want to step on that
--
--549
--00:23:09,540 ~-~-> 00:23:11,400
--lawn inherently, that's our nature. We
--
--550
--00:23:11,400 ~-~-> 00:23:12,570
--want to do the very things we're not
--
--551
--00:23:12,570 ~-~-> 00:23:15,810
--supposed to do. Okay? I want you to
--
--552
--00:23:15,810 ~-~-> 00:23:19,260
--leave your ego at the door. Okay? Don't
--
--553
--00:23:19,680 ~-~-> 00:23:22,440
--Don't judge me. Don't judge the material
--
--554
--00:23:22,440 ~-~-> 00:23:25,440
--until you've gone through it. And don't
--
--555
--00:23:25,440 ~-~-> 00:23:27,510
--think that you're something that you
--
--556
--00:23:27,510 ~-~-> 00:23:30,780
--really aren't. Okay? I'm not impressed
--
--557
--00:23:30,780 ~-~-> 00:23:32,640
--by people sending me an email saying
--
--558
--00:23:32,640 ~-~-> 00:23:34,560
--that they've been trading for x y years.
--
--559
--00:23:34,980 ~-~-> 00:23:39,480
--And they've been doing XYZ of trading
--
--560
--00:23:39,480 ~-~-> 00:23:40,980
--method and it does this and it does
--
--561
--00:23:40,980 ~-~-> 00:23:41,340
--that.
--
--562
--00:23:42,810 ~-~-> 00:23:44,280
--I'm not interested in if you if you're
--
--563
--00:23:44,280 ~-~-> 00:23:47,460
--that type of person. Okay. Again, I'm
--
--564
--00:23:47,460 ~-~-> 00:23:49,050
--not in this for you to teach me
--
--565
--00:23:49,050 ~-~-> 00:23:51,390
--anything. Okay. I'm in the business of
--
--566
--00:23:51,540 ~-~-> 00:23:54,120
--sharing my experience with you. And it's
--
--567
--00:23:54,150 ~-~-> 00:23:55,920
--because is going to be an exchange
--
--568
--00:23:55,920 ~-~-> 00:23:58,470
--hopefully in time. I want your story. I
--
--569
--00:23:58,470 ~-~-> 00:24:00,450
--want your success story. I want you to
--
--570
--00:24:00,450 ~-~-> 00:24:02,370
--share it with me. That's why I share my
--
--571
--00:24:02,430 ~-~-> 00:24:05,130
--real email addresses with you. I spent a
--
--572
--00:24:05,130 ~-~-> 00:24:06,780
--lot of time because my interest is
--
--573
--00:24:06,780 ~-~-> 00:24:11,040
--really pegged to what you do with this
--
--574
--00:24:11,040 ~-~-> 00:24:13,020
--information. And I want you to be a
--
--575
--00:24:13,020 ~-~-> 00:24:14,580
--blessing to someone else in the future.
--
--576
--00:24:14,790 ~-~-> 00:24:16,350
--I don't want any money from you. I'm not
--
--577
--00:24:16,350 ~-~-> 00:24:18,960
--charging any any subscription fees are
--
--578
--00:24:18,960 ~-~-> 00:24:21,030
--any, I'm not selling you. webinars and
--
--579
--00:24:21,030 ~-~-> 00:24:23,100
--seminars and books and all this. I'm not
--
--580
--00:24:23,100 ~-~-> 00:24:25,290
--doing those things. What I'm doing is
--
--581
--00:24:25,290 ~-~-> 00:24:28,500
--I'm exchanging a relationship for a
--
--582
--00:24:28,500 ~-~-> 00:24:31,770
--future reward. That's what I want. I
--
--583
--00:24:31,770 ~-~-> 00:24:33,240
--want to know what you did with this
--
--584
--00:24:33,240 ~-~-> 00:24:35,280
--information to help someone else it may
--
--585
--00:24:35,280 ~-~-> 00:24:37,470
--be helped them buy a house, it may be
--
--586
--00:24:37,980 ~-~-> 00:24:39,600
--you buy them groceries, it may be
--
--587
--00:24:39,840 ~-~-> 00:24:41,940
--helping someone that lost the job get
--
--588
--00:24:41,970 ~-~-> 00:24:44,880
--you reestablished, okay, or it may be
--
--589
--00:24:44,880 ~-~-> 00:24:49,260
--just, you know, giving to a charity and
--
--590
--00:24:49,260 ~-~-> 00:24:51,630
--helping you know, someone that's less
--
--591
--00:24:51,630 ~-~-> 00:24:54,480
--fortunate than you are. Okay, and in
--
--592
--00:24:54,540 ~-~-> 00:24:56,550
--that, to me is what we've been placed on
--
--593
--00:24:56,550 ~-~-> 00:24:59,490
--this earth for to help our neighbors
--
--594
--00:24:59,700 ~-~-> 00:25:03,330
--okay. and treat everyone like they're
--
--595
--00:25:03,330 ~-~-> 00:25:05,520
--our family. And that's that's the motive
--
--596
--00:25:05,520 ~-~-> 00:25:07,230
--for me doing all this. Okay, I get
--
--597
--00:25:07,230 ~-~-> 00:25:08,580
--questions all the time. Why am I doing
--
--598
--00:25:08,580 ~-~-> 00:25:10,080
--this? Why am I spending so much time
--
--599
--00:25:10,500 ~-~-> 00:25:12,570
--doing these things without any monetary
--
--600
--00:25:12,570 ~-~-> 00:25:17,550
--exchange, I get more return with thank
--
--601
--00:25:17,550 ~-~-> 00:25:19,050
--yous, because that's really all I'm
--
--602
--00:25:19,050 ~-~-> 00:25:20,700
--looking for is the thank you and the
--
--603
--00:25:20,700 ~-~-> 00:25:23,580
--future story of your success. I get more
--
--604
--00:25:23,580 ~-~-> 00:25:25,410
--from that than you could ever do. Give
--
--605
--00:25:25,410 ~-~-> 00:25:28,380
--me money. I don't need your money. I
--
--606
--00:25:28,380 ~-~-> 00:25:30,990
--don't want your money, your your story
--
--607
--00:25:31,020 ~-~-> 00:25:33,270
--and your inspiration, okay, that you
--
--608
--00:25:33,270 ~-~-> 00:25:35,670
--share with me and I've had a lot of
--
--609
--00:25:35,670 ~-~-> 00:25:37,440
--individuals Give me that over the last
--
--610
--00:25:37,890 ~-~-> 00:25:42,060
--17 years of teaching. Okay. I've had a
--
--611
--00:25:42,060 ~-~-> 00:25:43,710
--lot of relationships on the internet.
--
--612
--00:25:43,920 ~-~-> 00:25:46,500
--And many times I'm brought to tears with
--
--613
--00:25:46,530 ~-~-> 00:25:53,040
--the you the sheer inspiration that has
--
--614
--00:25:53,580 ~-~-> 00:25:56,310
--been given to me by those that have done
--
--615
--00:25:56,340 ~-~-> 00:25:57,810
--the things I was hoping they would do
--
--616
--00:25:57,810 ~-~-> 00:25:59,880
--with this information. And I guess, I
--
--617
--00:25:59,880 ~-~-> 00:26:01,260
--think seen some people go out and try to
--
--618
--00:26:01,260 ~-~-> 00:26:04,110
--put it in, insert into things and sell
--
--619
--00:26:04,110 ~-~-> 00:26:07,260
--it. And when I find out who they are, I
--
--620
--00:26:07,260 ~-~-> 00:26:08,820
--go in and I try to tear down their,
--
--621
--00:26:09,000 ~-~-> 00:26:10,710
--their business model because I'll make
--
--622
--00:26:10,710 ~-~-> 00:26:13,140
--available, you know my time and tear
--
--623
--00:26:13,140 ~-~-> 00:26:15,870
--down their, their, their their business
--
--624
--00:26:15,870 ~-~-> 00:26:17,790
--plan to try to take what I give away for
--
--625
--00:26:17,790 ~-~-> 00:26:21,660
--free, I go out and I more or less cut
--
--626
--00:26:21,660 ~-~-> 00:26:24,360
--your throat to do it for free, and take
--
--627
--00:26:24,360 ~-~-> 00:26:26,040
--away their paying subscribers and just
--
--628
--00:26:26,400 ~-~-> 00:26:29,730
--welcome him into our fold as as you
--
--629
--00:26:29,730 ~-~-> 00:26:32,700
--know, free members, there's no there's
--
--630
--00:26:32,700 ~-~-> 00:26:34,920
--no charging of anything with me. And I
--
--631
--00:26:34,920 ~-~-> 00:26:36,240
--don't again because I don't need your
--
--632
--00:26:36,240 ~-~-> 00:26:38,730
--money. And I'm thankful for all those
--
--633
--00:26:38,730 ~-~-> 00:26:41,490
--that take part in the currency that I've
--
--634
--00:26:41,490 ~-~-> 00:26:43,860
--adopted for doing this, which is your
--
--635
--00:26:43,980 ~-~-> 00:26:46,680
--thank yous and your stories of
--
--636
--00:26:46,740 ~-~-> 00:26:48,210
--inspiration which you've done with the
--
--637
--00:26:48,210 ~-~-> 00:26:52,560
--information. But there's something I
--
--638
--00:26:52,560 ~-~-> 00:26:54,900
--want us all to understand going into
--
--639
--00:26:54,900 ~-~-> 00:26:56,880
--this as a trader. It's going to be
--
--640
--00:26:56,880 ~-~-> 00:26:58,320
--important to understand what type of
--
--641
--00:26:58,320 ~-~-> 00:27:00,600
--trader you are and as trying to come up
--
--642
--00:27:00,630 ~-~-> 00:27:03,300
--with some understanding of some internal
--
--643
--00:27:03,300 ~-~-> 00:27:05,580
--dialogue, you need to ask yourself a lot
--
--644
--00:27:05,580 ~-~-> 00:27:07,740
--of questions that are specific to
--
--645
--00:27:08,010 ~-~-> 00:27:10,740
--developing traders. Okay. Are you
--
--646
--00:27:10,740 ~-~-> 00:27:13,110
--someone that procrastinates? Okay, do
--
--647
--00:27:13,110 ~-~-> 00:27:14,850
--you change your mind a lot? Does it take
--
--648
--00:27:14,850 ~-~-> 00:27:17,250
--very little to change your mind? If you
--
--649
--00:27:17,460 ~-~-> 00:27:21,510
--think like that, that tells you a
--
--650
--00:27:21,510 ~-~-> 00:27:24,660
--specific profile of trading is going to
--
--651
--00:27:24,660 ~-~-> 00:27:28,170
--suit you better than another real quick
--
--652
--00:27:28,170 ~-~-> 00:27:30,630
--decision making? Are you an irritable
--
--653
--00:27:30,630 ~-~-> 00:27:33,750
--person that flies off the handle real
--
--654
--00:27:33,750 ~-~-> 00:27:36,540
--quick, you would be excellent scalper or
--
--655
--00:27:36,540 ~-~-> 00:27:38,850
--day trader because you can see these
--
--656
--00:27:38,850 ~-~-> 00:27:40,530
--minor reactions in the marketplace and
--
--657
--00:27:40,530 ~-~-> 00:27:43,290
--make a decision based on that. Okay. If
--
--658
--00:27:43,290 ~-~-> 00:27:45,510
--you are very slow to make a decision,
--
--659
--00:27:45,510 ~-~-> 00:27:48,480
--you ponder a lot. It takes a lot of you
--
--660
--00:27:48,480 ~-~-> 00:27:51,480
--know, it takes a whole lot of influence
--
--661
--00:27:51,810 ~-~-> 00:27:53,760
--for you to make a decision and change
--
--662
--00:27:53,760 ~-~-> 00:27:55,140
--your mind about something. You're a
--
--663
--00:27:55,140 ~-~-> 00:27:57,300
--wonderful position trader, long term
--
--664
--00:27:57,300 ~-~-> 00:28:00,210
--trader if you're pretty much 100 happy
--
--665
--00:28:00,210 ~-~-> 00:28:02,760
--go lucky guy and or Gao and you're
--
--666
--00:28:02,760 ~-~-> 00:28:04,830
--pretty much you go with the flow, you
--
--667
--00:28:04,830 ~-~-> 00:28:07,890
--could be a very good swing trader. Don't
--
--668
--00:28:08,430 ~-~-> 00:28:11,580
--underestimate the power of doing this
--
--669
--00:28:11,610 ~-~-> 00:28:13,740
--personal study and I'm encouraging you
--
--670
--00:28:13,740 ~-~-> 00:28:15,540
--to do this for a week, spend some time
--
--671
--00:28:15,540 ~-~-> 00:28:16,980
--about some of the things you think about
--
--672
--00:28:16,980 ~-~-> 00:28:18,510
--how you react with your family, your
--
--673
--00:28:18,510 ~-~-> 00:28:22,050
--spouse, your co workers, okay? How do
--
--674
--00:28:22,050 ~-~-> 00:28:25,170
--you feel about you know, all the things
--
--675
--00:28:25,170 ~-~-> 00:28:27,660
--that you engage on a daily basis and the
--
--676
--00:28:27,660 ~-~-> 00:28:29,670
--decision making process that you use to
--
--677
--00:28:29,670 ~-~-> 00:28:31,320
--go along throughout your day? Are you
--
--678
--00:28:31,320 ~-~-> 00:28:34,230
--quick, are you slow, okay, are you
--
--679
--00:28:34,230 ~-~-> 00:28:36,510
--pretty much even tempered, and you
--
--680
--00:28:36,510 ~-~-> 00:28:37,500
--pretty much can go
--
--681
--00:28:38,760 ~-~-> 00:28:40,710
--in any environment and not really fly
--
--682
--00:28:40,710 ~-~-> 00:28:43,350
--off the handle and not really get too
--
--683
--00:28:43,350 ~-~-> 00:28:45,780
--lethargic about making the decision. If
--
--684
--00:28:45,780 ~-~-> 00:28:48,120
--you are really balanced, that type of
--
--685
--00:28:48,120 ~-~-> 00:28:51,000
--trader is, in my opinion, the best
--
--686
--00:28:51,150 ~-~-> 00:28:53,760
--because he can or she can position
--
--687
--00:28:53,760 ~-~-> 00:28:56,220
--trade, swing trade, short term trade day
--
--688
--00:28:56,220 ~-~-> 00:28:58,290
--trade and scalp, okay? And that's really
--
--689
--00:28:58,290 ~-~-> 00:29:00,810
--where we want to get to If you are an
--
--690
--00:29:00,810 ~-~-> 00:29:02,850
--erratic short term thinker, you could
--
--691
--00:29:02,850 ~-~-> 00:29:04,620
--start off as a scalper and a trader, but
--
--692
--00:29:04,620 ~-~-> 00:29:07,080
--eventually develop into that balanced
--
--693
--00:29:07,080 ~-~-> 00:29:08,280
--trader where you can trade all
--
--694
--00:29:08,340 ~-~-> 00:29:10,200
--timeframes. And the same thing about
--
--695
--00:29:10,410 ~-~-> 00:29:13,530
--that slow pondering decision making long
--
--696
--00:29:13,530 ~-~-> 00:29:16,140
--term trader, we can give you skill sets
--
--697
--00:29:16,140 ~-~-> 00:29:17,790
--to move you closer to a more balanced
--
--698
--00:29:17,790 ~-~-> 00:29:19,290
--way of thinking where you can change
--
--699
--00:29:19,440 ~-~-> 00:29:21,720
--your mind a little bit shorter term and
--
--700
--00:29:21,720 ~-~-> 00:29:24,210
--not have to require so much in terms of
--
--701
--00:29:25,560 ~-~-> 00:29:27,720
--influence to decide whether or not you
--
--702
--00:29:27,720 ~-~-> 00:29:28,650
--will be buyer seller.
--
--703
--00:29:33,930 ~-~-> 00:29:36,750
--Now, we're going to be requiring you to
--
--704
--00:29:36,750 ~-~-> 00:29:39,360
--utilize a demo account, and I don't want
--
--705
--00:29:39,360 ~-~-> 00:29:43,770
--you to misrepresent the concepts, okay,
--
--706
--00:29:43,770 ~-~-> 00:29:48,630
--and share, you know, results that I'm
--
--707
--00:29:48,630 ~-~-> 00:29:50,940
--not going to be impressed by. Okay. The
--
--708
--00:29:50,940 ~-~-> 00:29:53,250
--demo account trading is not for you to
--
--709
--00:29:53,250 ~-~-> 00:29:55,260
--send me pictures or screenshots to say,
--
--710
--00:29:55,260 ~-~-> 00:29:57,720
--Look, I've made this much money on paper
--
--711
--00:29:57,720 ~-~-> 00:29:59,280
--money, okay, where I made this many
--
--712
--00:29:59,280 ~-~-> 00:30:01,980
--pips. Your demo account is simply for
--
--713
--00:30:01,980 ~-~-> 00:30:04,770
--you to look at. Nobody is supposed to be
--
--714
--00:30:04,770 ~-~-> 00:30:06,030
--looking over your shoulder right now,
--
--715
--00:30:06,180 ~-~-> 00:30:07,710
--unless it's your spouse or your business
--
--716
--00:30:07,710 ~-~-> 00:30:08,730
--partner that you're going to be going
--
--717
--00:30:08,730 ~-~-> 00:30:09,960
--into business with later on down the
--
--718
--00:30:09,960 ~-~-> 00:30:11,400
--road, if you don't have enough money to
--
--719
--00:30:11,400 ~-~-> 00:30:14,970
--go into this with my funds, but I don't
--
--720
--00:30:14,970 ~-~-> 00:30:18,690
--want you also to going into a demo
--
--721
--00:30:18,690 ~-~-> 00:30:20,400
--account with more money than you intend
--
--722
--00:30:20,400 ~-~-> 00:30:23,070
--to trade with. Okay. And that may be a
--
--723
--00:30:23,070 ~-~-> 00:30:25,230
--little bit of a constraint because some
--
--724
--00:30:25,230 ~-~-> 00:30:27,810
--of you may have less than $5,000 that
--
--725
--00:30:27,810 ~-~-> 00:30:30,990
--you you intend to trade with. In that
--
--726
--00:30:30,990 ~-~-> 00:30:33,480
--case, there's a lot of demo accounts,
--
--727
--00:30:33,480 ~-~-> 00:30:35,850
--you can open up with 5000. If that's the
--
--728
--00:30:35,850 ~-~-> 00:30:37,980
--case, whatever your demo account
--
--729
--00:30:37,980 ~-~-> 00:30:40,830
--balances when you open it up, only trade
--
--730
--00:30:40,830 ~-~-> 00:30:42,510
--with the leverage that you would be able
--
--731
--00:30:42,510 ~-~-> 00:30:45,360
--to trade with using the operating x.
--
--732
--00:30:46,080 ~-~-> 00:30:47,730
--Equity you would have now which if you
--
--733
--00:30:47,730 ~-~-> 00:30:49,890
--only have $1,000, then that's all you
--
--734
--00:30:49,890 ~-~-> 00:30:52,530
--use, regardless of how much free margin
--
--735
--00:30:52,530 ~-~-> 00:30:54,480
--you have. In that demo account. You're
--
--736
--00:30:54,480 ~-~-> 00:30:55,920
--not teaching yourself anything except
--
--737
--00:30:55,920 ~-~-> 00:30:57,750
--for bad habits by over leveraging or
--
--738
--00:30:57,750 ~-~-> 00:30:59,280
--doing things that you wouldn't be doing
--
--739
--00:30:59,580 ~-~-> 00:31:01,320
--with the money. You plan to fund your
--
--740
--00:31:01,320 ~-~-> 00:31:04,470
--Live account with over time. Do not
--
--741
--00:31:05,370 ~-~-> 00:31:08,070
--underestimate the power of making bad
--
--742
--00:31:08,070 ~-~-> 00:31:10,380
--habits form with demo account trading.
--
--743
--00:31:10,680 ~-~-> 00:31:13,530
--Okay, demo account trading is given to
--
--744
--00:31:13,530 ~-~-> 00:31:17,070
--you as a free tool by brokers. Now, I
--
--745
--00:31:17,070 ~-~-> 00:31:18,810
--want you to think about this, why would
--
--746
--00:31:18,810 ~-~-> 00:31:23,130
--they do that? Because if you went into
--
--747
--00:31:23,130 ~-~-> 00:31:28,500
--this with real, real live funds, with no
--
--748
--00:31:28,500 ~-~-> 00:31:29,580
--understand what you're doing, you'd lose
--
--749
--00:31:29,580 ~-~-> 00:31:32,070
--your mind right away. And you would, you
--
--750
--00:31:32,070 ~-~-> 00:31:33,240
--wouldn't feel good about none of it.
--
--751
--00:31:33,390 ~-~-> 00:31:35,130
--Okay? Or your first losing trade, you
--
--752
--00:31:35,130 ~-~-> 00:31:37,170
--would close your your trading, your
--
--753
--00:31:37,170 ~-~-> 00:31:39,120
--trading can't be done with it. What
--
--754
--00:31:39,120 ~-~-> 00:31:41,010
--happens is they give you a demo account,
--
--755
--00:31:41,730 ~-~-> 00:31:43,320
--and you play around with a demo account
--
--756
--00:31:43,320 ~-~-> 00:31:44,580
--you over leveraged, you take a million
--
--757
--00:31:44,580 ~-~-> 00:31:47,220
--trades in one day, and your mind is only
--
--758
--00:31:47,220 ~-~-> 00:31:49,440
--going to focus on one two good ones, the
--
--759
--00:31:49,440 ~-~-> 00:31:51,180
--winning trades, and it's just like
--
--760
--00:31:51,210 ~-~-> 00:31:54,420
--anything else a casino, everyone Oh,
--
--761
--00:31:54,510 ~-~-> 00:31:57,270
--everyone knows that 90% of people to go
--
--762
--00:31:57,270 ~-~-> 00:31:59,610
--into a casino loser money. So why do
--
--763
--00:31:59,610 ~-~-> 00:32:01,650
--people go The casinos by the busloads
--
--764
--00:32:01,650 ~-~-> 00:32:03,240
--they fly out to Vegas, they fly out to
--
--765
--00:32:03,240 ~-~-> 00:32:05,520
--Atlantic City, they go, you know, around
--
--766
--00:32:05,520 ~-~-> 00:32:07,950
--the world to you know these real high
--
--767
--00:32:07,950 ~-~-> 00:32:11,220
--end casinos. Why? Because they want to
--
--768
--00:32:11,220 ~-~-> 00:32:14,100
--be that one winner, they want to have
--
--769
--00:32:14,100 ~-~-> 00:32:15,930
--that one winning experience. They want
--
--770
--00:32:15,930 ~-~-> 00:32:18,990
--to have that, that rush of having had
--
--771
--00:32:18,990 ~-~-> 00:32:22,830
--that, that that winner's mentality even
--
--772
--00:32:22,830 ~-~-> 00:32:24,720
--if it's just for one time they want that
--
--773
--00:32:24,720 ~-~-> 00:32:27,030
--excitement, the what if it does happen
--
--774
--00:32:27,030 ~-~-> 00:32:29,790
--factor? Well, I don't want you to have
--
--775
--00:32:29,790 ~-~-> 00:32:32,520
--in that as a trader, especially as a
--
--776
--00:32:32,520 ~-~-> 00:32:33,630
--developing trader, I want you to
--
--777
--00:32:33,630 ~-~-> 00:32:36,000
--understand that you are a losing trader
--
--778
--00:32:36,030 ~-~-> 00:32:37,740
--every single time you put a trade on.
--
--779
--00:32:38,610 ~-~-> 00:32:41,490
--Every trader is a losing trader. As soon
--
--780
--00:32:41,490 ~-~-> 00:32:43,590
--as they click the execution, when they
--
--781
--00:32:43,620 ~-~-> 00:32:45,570
--click to get into that market. They are
--
--782
--00:32:45,570 ~-~-> 00:32:48,900
--a loser from the beginning. Okay. And we
--
--783
--00:32:48,900 ~-~-> 00:32:50,130
--all have to trade out of that losing
--
--784
--00:32:50,130 ~-~-> 00:32:52,140
--position. And how well we're able to do
--
--785
--00:32:52,140 ~-~-> 00:32:54,930
--that defines our longevity and our
--
--786
--00:32:54,930 ~-~-> 00:32:57,450
--career as a trader. Treat the demo
--
--787
--00:32:57,450 ~-~-> 00:32:59,790
--account like it's your business equity.
--
--788
--00:33:04,259 ~-~-> 00:33:06,089
--All right now it's time to be honest.
--
--789
--00:33:06,719 ~-~-> 00:33:07,889
--Now, you've probably been playing with
--
--790
--00:33:07,889 ~-~-> 00:33:10,409
--the $50,000 demo account and he's over
--
--791
--00:33:10,409 ~-~-> 00:33:13,109
--traded you over leveraged, just to see
--
--792
--00:33:13,109 ~-~-> 00:33:15,659
--what happens. Now, when you get these
--
--793
--00:33:15,659 ~-~-> 00:33:17,789
--emotional charges from doing that, what
--
--794
--00:33:17,789 ~-~-> 00:33:20,459
--it's doing is mentally reinforcing the
--
--795
--00:33:20,459 ~-~-> 00:33:22,859
--depth the goal, you want to feel good
--
--796
--00:33:22,859 ~-~-> 00:33:25,619
--about the trading. That's not how you
--
--797
--00:33:25,619 ~-~-> 00:33:27,629
--develop as a trader, you want to remove
--
--798
--00:33:27,629 ~-~-> 00:33:29,699
--the emotion. You don't want to have
--
--799
--00:33:29,699 ~-~-> 00:33:32,789
--emotional attachment to the trades. Take
--
--800
--00:33:32,819 ~-~-> 00:33:35,219
--the emotion out by keeping the leverage
--
--801
--00:33:35,279 ~-~-> 00:33:37,709
--low. It's not about making a lot of
--
--802
--00:33:37,709 ~-~-> 00:33:39,869
--money fast. It's about making consistent
--
--803
--00:33:40,049 ~-~-> 00:33:43,889
--money over time. I promise you as we
--
--804
--00:33:43,889 ~-~-> 00:33:46,439
--work towards the end goal here, you'll
--
--805
--00:33:46,439 ~-~-> 00:33:48,299
--see very quickly that you only need a
--
--806
--00:33:48,299 ~-~-> 00:33:51,119
--small amount of equity, a small amount
--
--807
--00:33:51,119 ~-~-> 00:33:53,699
--of return and a lot of consistency and
--
--808
--00:33:53,699 ~-~-> 00:33:55,349
--to do very, very well. And it doesn't
--
--809
--00:33:55,349 ~-~-> 00:33:56,729
--take a whole lot of effort really or
--
--810
--00:33:56,729 ~-~-> 00:33:59,099
--work to be consistent, but it does take
--
--811
--00:33:59,099 ~-~-> 00:34:01,049
--a lot of patience. Okay, and is it going
--
--812
--00:34:01,049 ~-~-> 00:34:03,149
--to be a paradigm shift, it's going to be
--
--813
--00:34:03,149 ~-~-> 00:34:05,399
--needed. Okay, for some of you have that
--
--814
--00:34:05,399 ~-~-> 00:34:06,929
--have already wasted a lot of time
--
--815
--00:34:07,169 ~-~-> 00:34:09,179
--playing around in demo account. Okay?
--
--816
--00:34:09,329 ~-~-> 00:34:11,399
--Forget all that nonsense. You need to
--
--817
--00:34:11,399 ~-~-> 00:34:12,629
--understand that this is going to be an
--
--818
--00:34:12,629 ~-~-> 00:34:15,599
--expensive journey. You need to forget
--
--819
--00:34:15,599 ~-~-> 00:34:17,339
--your ego, take all those things and
--
--820
--00:34:17,369 ~-~-> 00:34:20,069
--leave it at the door. You are a new
--
--821
--00:34:20,369 ~-~-> 00:34:22,859
--trader, you're a completely blank slate.
--
--822
--00:34:23,369 ~-~-> 00:34:25,679
--And your demo account is representative
--
--823
--00:34:25,709 ~-~-> 00:34:27,839
--of the decision making process that you
--
--824
--00:34:27,869 ~-~-> 00:34:30,839
--are going to develop as a new trader,
--
--825
--00:34:31,289 ~-~-> 00:34:32,789
--and how you interact with the
--
--826
--00:34:32,789 ~-~-> 00:34:35,039
--marketplace based on the equity that you
--
--827
--00:34:35,039 ~-~-> 00:34:37,499
--intend to trade with, and the leverage
--
--828
--00:34:37,499 ~-~-> 00:34:40,619
--that's used with sound risk management
--
--829
--00:34:40,649 ~-~-> 00:34:48,389
--and money management. Now, obviously,
--
--830
--00:34:48,389 ~-~-> 00:34:49,649
--you just heard me say we're not trying
--
--831
--00:34:49,649 ~-~-> 00:34:51,089
--to get rich quick, because in the
--
--832
--00:34:51,089 ~-~-> 00:34:54,029
--beginning, you don't run, you'll learn
--
--833
--00:34:54,029 ~-~-> 00:34:57,479
--to crawl and you learn to stand. Try not
--
--834
--00:34:57,479 ~-~-> 00:34:59,429
--to fall down, and when you do fall down,
--
--835
--00:34:59,429 ~-~-> 00:35:01,379
--try not to get hurt. too badly. Then you
--
--836
--00:35:01,379 ~-~-> 00:35:04,079
--walk and you walk briskly and then you
--
--837
--00:35:04,079 ~-~-> 00:35:06,479
--can run, then eventually you can sprint.
--
--838
--00:35:06,959 ~-~-> 00:35:08,639
--But all too often everyone puts their
--
--839
--00:35:08,639 ~-~-> 00:35:10,799
--money in the account and they sprint and
--
--840
--00:35:10,799 ~-~-> 00:35:12,599
--they just quickly lose all their money.
--
--841
--00:35:13,379 ~-~-> 00:35:15,329
--You don't need a whole lot of pips don't
--
--842
--00:35:15,329 ~-~-> 00:35:16,949
--think that's the that's the answer.
--
--843
--00:35:17,009 ~-~-> 00:35:19,139
--Okay, I see a lot of guys that sell
--
--844
--00:35:19,139 ~-~-> 00:35:20,699
--their wares on the internet that you
--
--845
--00:35:20,969 ~-~-> 00:35:23,309
--know, our system makes 20,000 pips a
--
--846
--00:35:23,309 ~-~-> 00:35:26,609
--year, okay, I've made 80% accuracy with
--
--847
--00:35:26,639 ~-~-> 00:35:29,459
--8080 million pips in the last five
--
--848
--00:35:29,459 ~-~-> 00:35:32,099
--years. You don't need a lot of pips,
--
--849
--00:35:32,159 ~-~-> 00:35:36,059
--okay? If you can consistently carve out
--
--850
--00:35:36,779 ~-~-> 00:35:41,669
--a specific return, a very low end
--
--851
--00:35:41,669 ~-~-> 00:35:44,039
--return. Okay, mind you. If you
--
--852
--00:35:44,039 ~-~-> 00:35:45,659
--consistently do that and you manage your
--
--853
--00:35:45,659 ~-~-> 00:35:48,179
--money appropriately, you're going to use
--
--854
--00:35:48,179 ~-~-> 00:35:50,849
--the compounding effect to build your
--
--855
--00:35:50,849 ~-~-> 00:35:53,699
--equity over a period of time. And you
--
--856
--00:35:53,699 ~-~-> 00:35:55,019
--don't need a whole lot of money and you
--
--857
--00:35:55,019 ~-~-> 00:35:58,349
--don't need a lot of return percentage
--
--858
--00:35:58,349 ~-~-> 00:36:01,709
--wise. So Discard whole, that whole
--
--859
--00:36:01,709 ~-~-> 00:36:03,029
--mentality that you need a whole lot of
--
--860
--00:36:03,029 ~-~-> 00:36:05,159
--pips, discard the whole, I got to trade
--
--861
--00:36:05,159 ~-~-> 00:36:07,229
--every single day. That's not that's not
--
--862
--00:36:07,289 ~-~-> 00:36:09,629
--essential, okay? What you need to be
--
--863
--00:36:09,629 ~-~-> 00:36:13,049
--thinking is, I can do a very, very good
--
--864
--00:36:13,049 ~-~-> 00:36:16,949
--career with less than several hundred
--
--865
--00:36:16,949 ~-~-> 00:36:19,109
--pips per month. And I'm going to show
--
--866
--00:36:19,109 ~-~-> 00:36:20,039
--you that as we go.
--
--867
--00:36:25,950 ~-~-> 00:36:27,840
--Now, it's important that you stay rooted
--
--868
--00:36:27,900 ~-~-> 00:36:30,300
--in the reality of who you are as a
--
--869
--00:36:30,300 ~-~-> 00:36:33,960
--trader. Don't go into this with a
--
--870
--00:36:33,960 ~-~-> 00:36:36,240
--development process and when soon as you
--
--871
--00:36:36,240 ~-~-> 00:36:38,430
--start seeing consistency, don't let your
--
--872
--00:36:38,430 ~-~-> 00:36:40,980
--head inflate. Okay, you're not, you're
--
--873
--00:36:40,980 ~-~-> 00:36:43,440
--not going to get anywhere by inviting
--
--874
--00:36:43,440 ~-~-> 00:36:46,380
--ego as the same thing as emotion by
--
--875
--00:36:46,380 ~-~-> 00:36:48,390
--having that come into your trading and
--
--876
--00:36:48,390 ~-~-> 00:36:51,180
--into that development. Okay? You're
--
--877
--00:36:51,180 ~-~-> 00:36:54,660
--going to plague your development, you're
--
--878
--00:36:54,660 ~-~-> 00:36:56,610
--going to you're gonna cause pitfalls,
--
--879
--00:36:56,850 ~-~-> 00:36:58,860
--okay, that are just waiting to open up a
--
--880
--00:36:58,860 ~-~-> 00:37:01,770
--swell you Don't go into the forums and
--
--881
--00:37:01,770 ~-~-> 00:37:03,450
--measure yourself against everyone else.
--
--882
--00:37:03,780 ~-~-> 00:37:05,580
--Don't go in here bragging that you've
--
--883
--00:37:05,580 ~-~-> 00:37:08,370
--been, you've been a superstar student,
--
--884
--00:37:08,400 ~-~-> 00:37:11,340
--okay, and you've done XYZ results with
--
--885
--00:37:11,340 ~-~-> 00:37:12,450
--the information so that you know,
--
--886
--00:37:12,450 ~-~-> 00:37:14,610
--therefore, you know, you're better than
--
--887
--00:37:14,610 ~-~-> 00:37:16,680
--everyone else. Okay? I'm not impressed
--
--888
--00:37:16,680 ~-~-> 00:37:18,720
--by that. In fact, I'll shoot you down in
--
--889
--00:37:18,720 ~-~-> 00:37:21,480
--private email or a pm if I see he's
--
--890
--00:37:21,540 ~-~-> 00:37:23,310
--doing it. Okay, because it's not
--
--891
--00:37:23,310 ~-~-> 00:37:25,410
--beneficial to you. Nobody wants to hear
--
--892
--00:37:25,410 ~-~-> 00:37:27,000
--it anyway. It doesn't make them feel
--
--893
--00:37:27,000 ~-~-> 00:37:28,470
--good about themselves. It looks
--
--894
--00:37:28,470 ~-~-> 00:37:30,330
--arrogant, it looks pompous. But more
--
--895
--00:37:30,330 ~-~-> 00:37:32,010
--importantly, it's detrimental to your
--
--896
--00:37:32,010 ~-~-> 00:37:33,090
--development because you what you're
--
--897
--00:37:33,090 ~-~-> 00:37:35,400
--doing is you're inflating your ego. You
--
--898
--00:37:35,400 ~-~-> 00:37:38,160
--don't want that to happen. Okay? There.
--
--899
--00:37:38,460 ~-~-> 00:37:40,890
--When you enter the marketplace, you are
--
--900
--00:37:40,890 ~-~-> 00:37:43,680
--sheep every single time until you close
--
--901
--00:37:43,680 ~-~-> 00:37:45,900
--the trade as a prophet. Okay, and then
--
--902
--00:37:45,930 ~-~-> 00:37:48,000
--that's what makes you a predator. That's
--
--903
--00:37:48,000 ~-~-> 00:37:51,390
--when you leave the sheep level of the
--
--904
--00:37:51,390 ~-~-> 00:37:53,310
--food chain and you go up to the higher
--
--905
--00:37:53,310 ~-~-> 00:37:56,610
--level where you're the apex predator. So
--
--906
--00:37:56,610 ~-~-> 00:37:58,740
--you might think right now, okay, you
--
--907
--00:37:58,740 ~-~-> 00:38:00,000
--might have the right stuff, but actually
--
--908
--00:38:00,000 ~-~-> 00:38:02,190
--promise you, if you have that mentality
--
--909
--00:38:02,250 ~-~-> 00:38:04,350
--and you're very egotistical, your
--
--910
--00:38:04,350 ~-~-> 00:38:05,820
--tombstones already been carved out with
--
--911
--00:38:05,820 ~-~-> 00:38:07,350
--your name in it, you're going to be in
--
--912
--00:38:07,350 ~-~-> 00:38:09,420
--the traders graveyard, you will be in
--
--913
--00:38:09,420 ~-~-> 00:38:11,190
--that graveyard of people that dust their
--
--914
--00:38:11,190 ~-~-> 00:38:13,140
--account. It's going to be a matter of
--
--915
--00:38:13,140 ~-~-> 00:38:15,210
--time, because you're inviting ego,
--
--916
--00:38:15,240 ~-~-> 00:38:17,100
--you're inviting fear and greed and
--
--917
--00:38:17,100 ~-~-> 00:38:18,750
--emotions are going to be responsible,
--
--918
--00:38:18,900 ~-~-> 00:38:20,040
--okay for your downfall.
--
--919
--00:38:25,710 ~-~-> 00:38:27,600
--All right, I've already said it earlier,
--
--920
--00:38:27,840 ~-~-> 00:38:30,120
--but you got to relax. It doesn't take
--
--921
--00:38:30,120 ~-~-> 00:38:33,900
--much. Now I know. You probably hear a
--
--922
--00:38:33,900 ~-~-> 00:38:35,460
--lot of guys talking about how many pips
--
--923
--00:38:35,460 ~-~-> 00:38:37,590
--they've made over the last week or two
--
--924
--00:38:37,590 ~-~-> 00:38:40,500
--or today or yesterday, or the last year.
--
--925
--00:38:42,090 ~-~-> 00:38:44,310
--Don't fall into that trap. Okay, don't
--
--926
--00:38:44,310 ~-~-> 00:38:45,870
--fall in that trap. I'm going to show you
--
--927
--00:38:45,870 ~-~-> 00:38:48,420
--how you can make less than 25 pips per
--
--928
--00:38:48,420 ~-~-> 00:38:50,580
--week. And that's Yes, total for the
--
--929
--00:38:50,580 ~-~-> 00:38:53,760
--whole week. Risking no more than 2% you
--
--930
--00:38:53,760 ~-~-> 00:38:56,370
--can more than double your account every
--
--931
--00:38:56,370 ~-~-> 00:38:58,980
--single year. Now, how do you do that?
--
--932
--00:38:59,520 ~-~-> 00:39:02,670
--All you have to do Earn a measly Oh 6%
--
--933
--00:39:02,670 ~-~-> 00:39:05,130
--return per month. Now, some of us that
--
--934
--00:39:05,130 ~-~-> 00:39:06,210
--have been around this business for a
--
--935
--00:39:06,210 ~-~-> 00:39:09,120
--while or in speculation 6% return is
--
--936
--00:39:09,120 ~-~-> 00:39:12,510
--astronomical. Okay. But I know some of
--
--937
--00:39:12,510 ~-~-> 00:39:14,340
--you aren't impressed by that. Because
--
--938
--00:39:14,340 ~-~-> 00:39:15,780
--you're thinking, if I'm going to open up
--
--939
--00:39:15,780 ~-~-> 00:39:18,720
--my account with $200, and I double it in
--
--940
--00:39:18,720 ~-~-> 00:39:21,000
--a year, I'm only going to have $400 Plus
--
--941
--00:39:21,000 ~-~-> 00:39:23,580
--I got to pay taxes on that money. Then
--
--942
--00:39:23,640 ~-~-> 00:39:26,040
--the next year, my $400 is going to
--
--943
--00:39:26,040 ~-~-> 00:39:28,020
--double to $800 How am I going to get
--
--944
--00:39:28,020 ~-~-> 00:39:30,660
--rich doing that? Well, it's not about
--
--945
--00:39:30,900 ~-~-> 00:39:32,670
--thinking getting rich quick. I've
--
--946
--00:39:32,670 ~-~-> 00:39:34,470
--already told you that. But if you are
--
--947
--00:39:34,470 ~-~-> 00:39:37,650
--able to do this, if you think like this,
--
--948
--00:39:38,370 ~-~-> 00:39:40,200
--if you have $1,000 of speculative
--
--949
--00:39:40,200 ~-~-> 00:39:43,890
--capital, you allow time to do its work.
--
--950
--00:39:44,820 ~-~-> 00:39:49,020
--making less than 25 pips, okay. It works
--
--951
--00:39:49,020 ~-~-> 00:39:51,090
--out to be about 23 pips if you do the
--
--952
--00:39:51,090 ~-~-> 00:39:54,210
--math, if you do that, okay and say you
--
--953
--00:39:54,210 ~-~-> 00:39:57,210
--average 25 pips, you would be turning
--
--954
--00:39:57,210 ~-~-> 00:40:00,300
--that $1,000 inside of 10 years. You have
--
--955
--00:40:00,300 ~-~-> 00:40:02,910
--made over a million dollars doing this
--
--956
--00:40:02,910 ~-~-> 00:40:04,710
--approach. Now I'm going to ask you
--
--957
--00:40:04,710 ~-~-> 00:40:07,110
--something. Do you see yourself 10 years
--
--958
--00:40:07,110 ~-~-> 00:40:11,190
--from now? Okay, having a million dollars
--
--959
--00:40:11,940 ~-~-> 00:40:13,680
--doing what you do know what, you know,
--
--960
--00:40:13,680 ~-~-> 00:40:15,840
--going to the job as you go to work every
--
--961
--00:40:15,840 ~-~-> 00:40:18,480
--single day. Do you see yourself having a
--
--962
--00:40:18,480 ~-~-> 00:40:20,760
--million dollars 10 years from now? If
--
--963
--00:40:20,760 ~-~-> 00:40:24,060
--that's not true, okay, then you need to
--
--964
--00:40:24,060 ~-~-> 00:40:27,060
--make some changes. Ask yourself this,
--
--965
--00:40:27,090 ~-~-> 00:40:28,770
--say hey, say you've been messing around
--
--966
--00:40:28,770 ~-~-> 00:40:30,690
--with forex in the last couple years and
--
--967
--00:40:30,690 ~-~-> 00:40:32,400
--you've never found any stride. You're
--
--968
--00:40:32,400 ~-~-> 00:40:35,730
--just spinning your wheels. How can you
--
--969
--00:40:36,750 ~-~-> 00:40:39,060
--feel good about what you've done with
--
--970
--00:40:39,060 ~-~-> 00:40:40,950
--your time? Obviously, it's, it's
--
--971
--00:40:40,950 ~-~-> 00:40:42,810
--demoralizing. And I know what that feels
--
--972
--00:40:42,810 ~-~-> 00:40:44,220
--like. I've went through that I've done
--
--973
--00:40:44,220 ~-~-> 00:40:45,810
--that not with forex, but with with
--
--974
--00:40:45,810 ~-~-> 00:40:48,180
--futures trading. I got lucky going in
--
--975
--00:40:48,210 ~-~-> 00:40:50,730
--initially, then I had to learn how to be
--
--976
--00:40:50,730 ~-~-> 00:40:52,830
--a trader. Okay, because I lost money.
--
--977
--00:40:53,250 ~-~-> 00:40:54,900
--And then I had to forget a lot of
--
--978
--00:40:54,900 ~-~-> 00:40:56,940
--things. It's painful. That stuff's
--
--979
--00:40:56,940 ~-~-> 00:40:59,430
--painful. I could have made a whole lot
--
--980
--00:40:59,430 ~-~-> 00:41:02,160
--more money. Than I have now, if I would
--
--981
--00:41:02,160 ~-~-> 00:41:03,570
--have known the things I'm sharing with
--
--982
--00:41:03,570 ~-~-> 00:41:08,070
--you right now for free, but ego got in
--
--983
--00:41:08,070 ~-~-> 00:41:10,410
--my way, and then fear game got in my
--
--984
--00:41:10,410 ~-~-> 00:41:13,170
--way. And then desperation and I was, you
--
--985
--00:41:13,170 ~-~-> 00:41:15,270
--know, I was I went through every
--
--986
--00:41:15,600 ~-~-> 00:41:17,940
--possible scenario, but I want you to
--
--987
--00:41:18,000 ~-~-> 00:41:21,420
--answer a question. If you've been a
--
--988
--00:41:21,420 ~-~-> 00:41:25,050
--losing trader, I want to ask you, even
--
--989
--00:41:25,050 ~-~-> 00:41:29,730
--if you only made five pips, okay? profit
--
--990
--00:41:30,300 ~-~-> 00:41:32,340
--for the whole month. Wouldn't that be
--
--991
--00:41:32,340 ~-~-> 00:41:35,010
--better than you have right now. Now
--
--992
--00:41:35,010 ~-~-> 00:41:36,780
--imagine if you slowly build it a point
--
--993
--00:41:36,780 ~-~-> 00:41:38,910
--where you can consistently make 6% a
--
--994
--00:41:38,910 ~-~-> 00:41:41,550
--month and you're doubling your money
--
--995
--00:41:41,550 ~-~-> 00:41:44,550
--every year. Banks right now are paying
--
--996
--00:41:44,550 ~-~-> 00:41:47,100
--less than a quarter percent. If you can
--
--997
--00:41:47,100 ~-~-> 00:41:50,400
--get that for a whole year, and you can
--
--998
--00:41:50,400 ~-~-> 00:41:55,710
--turn 100 pips a month with 2% risk.
--
--999
--00:41:55,980 ~-~-> 00:41:57,780
--You're doubling your money every single
--
--1000
--00:41:57,780 ~-~-> 00:42:01,080
--year. That's phenomenal. If you did just
--
--1001
--00:42:01,080 ~-~-> 00:42:06,420
--3% that's phenomenal. Okay, in terms of
--
--1002
--00:42:06,420 ~-~-> 00:42:10,320
--returns, you can carve out an amazing
--
--1003
--00:42:10,320 ~-~-> 00:42:11,970
--career, but it's going to take
--
--1004
--00:42:12,060 ~-~-> 00:42:16,170
--discipline, consistency, and time. If
--
--1005
--00:42:16,170 ~-~-> 00:42:19,080
--you haven't been consistently drawing a
--
--1006
--00:42:19,080 ~-~-> 00:42:21,570
--return that's comparable to this, my
--
--1007
--00:42:21,570 ~-~-> 00:42:24,840
--question is this. How are you feeling
--
--1008
--00:42:24,840 ~-~-> 00:42:27,150
--now thinking that it only took this much
--
--1009
--00:42:27,150 ~-~-> 00:42:30,300
--in terms of return in terms of pips as
--
--1010
--00:42:30,300 ~-~-> 00:42:31,800
--well per month to be able to double
--
--1011
--00:42:32,100 ~-~-> 00:42:33,720
--double your account? Did you double your
--
--1012
--00:42:33,720 ~-~-> 00:42:35,790
--account last year? How about the year
--
--1013
--00:42:35,790 ~-~-> 00:42:38,250
--before that? How about are you on track
--
--1014
--00:42:38,250 ~-~-> 00:42:41,370
--this year to double your account? I'm
--
--1015
--00:42:41,370 ~-~-> 00:42:42,630
--not teaching that you have to dump your
--
--1016
--00:42:42,630 ~-~-> 00:42:44,640
--account guys on this stating that this
--
--1017
--00:42:44,640 ~-~-> 00:42:47,460
--is what you can expect with very very
--
--1018
--00:42:47,460 ~-~-> 00:42:50,190
--low expectations and realistic returns
--
--1019
--00:42:50,190 ~-~-> 00:42:50,730
--in mind.
--
--1020
--00:42:56,490 ~-~-> 00:42:59,700
--Avoid the traders graveyard guys. I want
--
--1021
--00:42:59,700 ~-~-> 00:43:02,580
--to leave you with some really important
--
--1022
--00:43:02,580 ~-~-> 00:43:03,990
--points here as it relates to over
--
--1023
--00:43:03,990 ~-~-> 00:43:08,880
--trading and over leveraging. I've been a
--
--1024
--00:43:08,880 ~-~-> 00:43:11,130
--victim of this in my trading as a
--
--1025
--00:43:11,130 ~-~-> 00:43:13,290
--futures trader. I know what it's like to
--
--1026
--00:43:13,560 ~-~-> 00:43:15,900
--just totally decimate your accounts. And
--
--1027
--00:43:15,900 ~-~-> 00:43:17,820
--yes, I said accounts that was plural.
--
--1028
--00:43:18,240 ~-~-> 00:43:21,690
--I've went through a lot of money, trying
--
--1029
--00:43:21,690 ~-~-> 00:43:25,470
--to do the get rich quick stuff. And even
--
--1030
--00:43:25,470 ~-~-> 00:43:28,320
--though I had a winning system, my over
--
--1031
--00:43:28,320 ~-~-> 00:43:31,230
--leveraging undermined it. And it caused
--
--1032
--00:43:31,230 ~-~-> 00:43:32,880
--me to get out of trades sooner than I
--
--1033
--00:43:32,880 ~-~-> 00:43:35,400
--should have, or hold on to with losing
--
--1034
--00:43:35,400 ~-~-> 00:43:37,290
--trades longer than I should have. And
--
--1035
--00:43:37,290 ~-~-> 00:43:38,820
--what would have been a minor loss became
--
--1036
--00:43:38,820 ~-~-> 00:43:42,660
--a huge loss. Okay. And that's what it's
--
--1037
--00:43:42,660 ~-~-> 00:43:44,430
--all about, you know, you got to keep
--
--1038
--00:43:44,430 ~-~-> 00:43:47,580
--your risk low. Keep your over leveraging
--
--1039
--00:43:48,210 ~-~-> 00:43:49,590
--at bay, don't over leverage your
--
--1040
--00:43:49,590 ~-~-> 00:43:51,930
--account. And you understand by the
--
--1041
--00:43:51,930 ~-~-> 00:43:54,630
--previous discussion we had about having
--
--1042
--00:43:54,630 ~-~-> 00:43:58,860
--25 pips or less with 2% risk. That's 6%
--
--1043
--00:43:58,860 ~-~-> 00:44:00,630
--return per month. compounded over the
--
--1044
--00:44:00,630 ~-~-> 00:44:02,370
--year, that's more than 100% return in
--
--1045
--00:44:02,370 ~-~-> 00:44:05,880
--your account. There's no rush for you to
--
--1046
--00:44:05,880 ~-~-> 00:44:08,580
--get rich quick, okay? doctors don't come
--
--1047
--00:44:08,580 ~-~-> 00:44:10,800
--out of med school right away making a
--
--1048
--00:44:10,800 ~-~-> 00:44:12,450
--million dollars, okay, they got to get
--
--1049
--00:44:12,450 ~-~-> 00:44:14,250
--their practice started. They got to grow
--
--1050
--00:44:14,250 ~-~-> 00:44:15,930
--into that field as well. But they're
--
--1051
--00:44:15,930 ~-~-> 00:44:19,020
--paying an arm and a leg, no pun intended
--
--1052
--00:44:19,500 ~-~-> 00:44:21,750
--for the education to get to be a
--
--1053
--00:44:21,750 ~-~-> 00:44:24,960
--practitioner of medicine. You are going
--
--1054
--00:44:24,960 ~-~-> 00:44:26,790
--to have to put that time in as well. And
--
--1055
--00:44:26,790 ~-~-> 00:44:28,650
--you can't avoid it. And you can't make
--
--1056
--00:44:28,650 ~-~-> 00:44:30,780
--shortcuts with overtrading and over
--
--1057
--00:44:30,780 ~-~-> 00:44:33,480
--leveraging. It never works. Trust me.
--
--1058
--00:44:33,690 ~-~-> 00:44:39,270
--Just don't do it. Now, it doesn't
--
--1059
--00:44:39,270 ~-~-> 00:44:41,880
--require long hours. I know why you guys
--
--1060
--00:44:41,880 ~-~-> 00:44:43,050
--think you got to be in front of charts
--
--1061
--00:44:43,050 ~-~-> 00:44:44,160
--all the time. If you see this little
--
--1062
--00:44:44,160 ~-~-> 00:44:47,220
--picture. That was me. That was me as a
--
--1063
--00:44:47,220 ~-~-> 00:44:49,620
--new trader, okay, I would work 13 hours
--
--1064
--00:44:49,620 ~-~-> 00:44:52,740
--a day, that's spend umpteen hours Okay,
--
--1065
--00:44:52,800 ~-~-> 00:44:55,050
--you know, throughout the week, looking
--
--1066
--00:44:55,050 ~-~-> 00:44:57,600
--at charts, and having very little sleep
--
--1067
--00:44:57,660 ~-~-> 00:44:59,220
--and then going back out and going to
--
--1068
--00:44:59,220 ~-~-> 00:45:03,990
--work again. So my biggest advice to you,
--
--1069
--00:45:04,020 ~-~-> 00:45:05,910
--if that's what you're thinking is Don't,
--
--1070
--00:45:06,240 ~-~-> 00:45:08,700
--don't think that Okay, here's what I'd
--
--1071
--00:45:08,700 ~-~-> 00:45:10,860
--like you to do. I would like you to do
--
--1072
--00:45:10,860 ~-~-> 00:45:13,620
--another little study. And I want you to
--
--1073
--00:45:14,580 ~-~-> 00:45:20,190
--bracket out on on your charts. Mark out
--
--1074
--00:45:20,250 ~-~-> 00:45:23,370
--seven in the morning, New York time, to
--
--1075
--00:45:23,370 ~-~-> 00:45:24,690
--10 o'clock in the morning, New York
--
--1076
--00:45:24,690 ~-~-> 00:45:27,540
--time. And I want you to mark out two
--
--1077
--00:45:27,540 ~-~-> 00:45:29,790
--o'clock in the morning, New York time,
--
--1078
--00:45:30,270 ~-~-> 00:45:32,640
--and four o'clock in the morning, New
--
--1079
--00:45:32,640 ~-~-> 00:45:36,330
--York time, just those two little windows
--
--1080
--00:45:36,330 ~-~-> 00:45:38,370
--of time. And I want you to look at what
--
--1081
--00:45:38,520 ~-~-> 00:45:40,830
--takes place on a daily basis and do that
--
--1082
--00:45:40,830 ~-~-> 00:45:44,280
--for a month. I want you to determine how
--
--1083
--00:45:44,280 ~-~-> 00:45:47,220
--much of a move took place and what time
--
--1084
--00:45:47,220 ~-~-> 00:45:49,920
--those moves began and when they ended
--
--1085
--00:45:50,190 ~-~-> 00:45:52,620
--each day. And I want you to understand
--
--1086
--00:45:52,620 ~-~-> 00:45:55,140
--that those three hours twice a day is
--
--1087
--00:45:55,200 ~-~-> 00:45:57,990
--all you need. And you only need one of
--
--1088
--00:45:57,990 ~-~-> 00:46:01,500
--those per day. Okay. You only need one
--
--1089
--00:46:01,500 ~-~-> 00:46:05,280
--of those per week. You only need one of
--
--1090
--00:46:05,280 ~-~-> 00:46:10,410
--those per month to make that 6%. If you
--
--1091
--00:46:10,410 ~-~-> 00:46:13,200
--do, you're leveraging your risk
--
--1092
--00:46:13,200 ~-~-> 00:46:15,720
--management and your trade selection
--
--1093
--00:46:16,020 ~-~-> 00:46:18,720
--properly. Now think about it. How does
--
--1094
--00:46:18,720 ~-~-> 00:46:20,940
--that contrast what you think right now
--
--1095
--00:46:21,120 ~-~-> 00:46:22,410
--that you got to be trading every single
--
--1096
--00:46:22,410 ~-~-> 00:46:25,560
--day, every session and you got to make a
--
--1097
--00:46:25,560 ~-~-> 00:46:30,000
--million pips Quickly, quickly, this is
--
--1098
--00:46:30,000 ~-~-> 00:46:31,950
--becoming much more reasonable and
--
--1099
--00:46:31,950 ~-~-> 00:46:33,360
--realistic, don't you think?
--
--1100
--00:46:43,380 ~-~-> 00:46:46,140
--Okay, let's look at a chart and discuss
--
--1101
--00:46:46,140 ~-~-> 00:46:48,150
--some of the things that are beneficial
--
--1102
--00:46:48,150 ~-~-> 00:46:51,120
--as a foundation to some of our materials
--
--1103
--00:46:51,270 ~-~-> 00:46:53,070
--and also give you something to really
--
--1104
--00:46:53,070 ~-~-> 00:46:55,860
--study on a daily basis when you're
--
--1105
--00:46:55,860 ~-~-> 00:46:59,460
--looking at your charts. It's probably
--
--1106
--00:47:00,750 ~-~-> 00:47:03,660
--Something you may not have noticed if
--
--1107
--00:47:03,660 ~-~-> 00:47:05,940
--you're a new trader. But this chart
--
--1108
--00:47:05,940 ~-~-> 00:47:07,140
--actually gives you a whole lot of
--
--1109
--00:47:07,140 ~-~-> 00:47:09,360
--information just staring at the
--
--1110
--00:47:09,360 ~-~-> 00:47:11,190
--candlesticks themselves and the way
--
--1111
--00:47:11,190 ~-~-> 00:47:13,590
--price action moves within each swing.
--
--1112
--00:47:14,730 ~-~-> 00:47:17,640
--The pattern I'm going to show you now is
--
--1113
--00:47:18,150 ~-~-> 00:47:21,660
--very, very important going forward. It's
--
--1114
--00:47:21,660 ~-~-> 00:47:23,370
--going to be referred to a lot in my
--
--1115
--00:47:23,370 ~-~-> 00:47:25,380
--material. And it's actually the
--
--1116
--00:47:25,380 ~-~-> 00:47:28,080
--framework for a lot of the price action
--
--1117
--00:47:28,080 ~-~-> 00:47:29,730
--analysis concepts you're going to learn
--
--1118
--00:47:29,730 ~-~-> 00:47:32,490
--through all the coursework that I'm
--
--1119
--00:47:32,490 ~-~-> 00:47:35,010
--presenting here. We're going to be
--
--1120
--00:47:35,010 ~-~-> 00:47:38,130
--talking about swing points, okay. And
--
--1121
--00:47:38,130 ~-~-> 00:47:43,500
--swing points are really defined as such
--
--1122
--00:47:43,500 ~-~-> 00:47:46,140
--we're going to show you this is one
--
--1123
--00:47:46,140 ~-~-> 00:47:51,810
--candle and to the left of it will be
--
--1124
--00:47:51,810 ~-~-> 00:47:53,760
--another candle and to the right of it
--
--1125
--00:47:53,760 ~-~-> 00:47:58,320
--will be another okay and this is a crude
--
--1126
--00:47:58,320 ~-~-> 00:48:02,910
--depiction of a swing high. Okay, swing
--
--1127
--00:48:02,910 ~-~-> 00:48:05,610
--high is delineated by a lower high on
--
--1128
--00:48:05,610 ~-~-> 00:48:08,280
--the left and a lower high on the right,
--
--1129
--00:48:08,640 ~-~-> 00:48:11,760
--with a higher candle in the middle.
--
--1130
--00:48:11,880 ~-~-> 00:48:15,930
--Okay? And you probably guessed, a swing
--
--1131
--00:48:15,930 ~-~-> 00:48:21,870
--low is simply a low. Two has two higher
--
--1132
--00:48:21,870 ~-~-> 00:48:23,850
--lows surrounding it. In other words, you
--
--1133
--00:48:23,850 ~-~-> 00:48:26,070
--have one higher low on the left, one
--
--1134
--00:48:26,070 ~-~-> 00:48:29,730
--higher low on the right. Okay? Sometimes
--
--1135
--00:48:29,730 ~-~-> 00:48:32,250
--when we are in technical circles and
--
--1136
--00:48:32,250 ~-~-> 00:48:35,160
--we're discussing swing points, many
--
--1137
--00:48:35,160 ~-~-> 00:48:37,500
--times you'll hear a swing low
--
--1138
--00:48:38,400 ~-~-> 00:48:42,780
--represented by having something like
--
--1139
--00:48:42,780 ~-~-> 00:48:43,230
--this.
--
--1140
--00:48:48,690 ~-~-> 00:48:52,590
--Okay, and they, in other circles, the
--
--1141
--00:48:52,590 ~-~-> 00:48:55,770
--teacher or share ideas, they'll say that
--
--1142
--00:48:55,770 ~-~-> 00:48:57,000
--this is a swing low because it's
--
--1143
--00:48:57,000 ~-~-> 00:49:02,070
--qualified by having to hire low On the
--
--1144
--00:49:02,070 ~-~-> 00:49:05,100
--right end to higher lows on the left, to
--
--1145
--00:49:05,100 ~-~-> 00:49:08,340
--me, as long as we have the three bar
--
--1146
--00:49:08,340 ~-~-> 00:49:10,830
--pattern here, that's sufficient enough
--
--1147
--00:49:10,830 ~-~-> 00:49:17,190
--for me. And if you are relying on the
--
--1148
--00:49:17,190 ~-~-> 00:49:19,500
--marketplace to give you that much time,
--
--1149
--00:49:19,680 ~-~-> 00:49:21,150
--the markets already really moved away
--
--1150
--00:49:21,150 ~-~-> 00:49:23,820
--from an ideal location down here for
--
--1151
--00:49:23,820 ~-~-> 00:49:26,430
--entry. Okay, so what I'm teaching you is
--
--1152
--00:49:26,430 ~-~-> 00:49:28,500
--I'm trying to train your eye to look at
--
--1153
--00:49:29,040 ~-~-> 00:49:31,650
--where the swing points occur and how
--
--1154
--00:49:31,650 ~-~-> 00:49:33,930
--they form and how you can get very, very
--
--1155
--00:49:33,930 ~-~-> 00:49:36,990
--close to the reaction points where price
--
--1156
--00:49:36,990 ~-~-> 00:49:39,420
--is going to be moving aggressively up or
--
--1157
--00:49:39,450 ~-~-> 00:49:41,760
--down away from those particular price
--
--1158
--00:49:41,760 ~-~-> 00:49:44,820
--points. So now what you want to do is
--
--1159
--00:49:44,820 ~-~-> 00:49:45,990
--you want to pick out right now have an
--
--1160
--00:49:45,990 ~-~-> 00:49:50,880
--Australian USD h for an hour. It's a
--
--1161
--00:49:50,880 ~-~-> 00:49:52,950
--chart comprised of each candle,
--
--1162
--00:49:53,580 ~-~-> 00:49:56,070
--delineating four hours worth of time,
--
--1163
--00:49:56,190 ~-~-> 00:49:57,570
--okay, so in other words, every vertical
--
--1164
--00:49:57,570 ~-~-> 00:50:00,630
--line, or vertical candle, represent Four
--
--1165
--00:50:00,630 ~-~-> 00:50:03,000
--hours worth of time. Okay, so this is
--
--1166
--00:50:03,000 ~-~-> 00:50:05,250
--the highest high in that four hour
--
--1167
--00:50:05,250 ~-~-> 00:50:07,140
--period and this is the lowest low in
--
--1168
--00:50:07,140 ~-~-> 00:50:09,270
--that four hour period. Okay? Now what I
--
--1169
--00:50:09,270 ~-~-> 00:50:10,440
--want you to do is when you go through
--
--1170
--00:50:10,440 ~-~-> 00:50:12,210
--your charts, okay, this could be in any
--
--1171
--00:50:12,210 ~-~-> 00:50:13,800
--timeframe, but I use the four hour
--
--1172
--00:50:13,800 ~-~-> 00:50:16,140
--simply because I like the four hour it
--
--1173
--00:50:16,140 ~-~-> 00:50:17,610
--can be used for day trading, it could be
--
--1174
--00:50:17,610 ~-~-> 00:50:19,470
--used for swing trading, short term
--
--1175
--00:50:19,470 ~-~-> 00:50:21,450
--trading, even position trading, if you
--
--1176
--00:50:21,450 ~-~-> 00:50:22,500
--know what you're looking for in terms of
--
--1177
--00:50:22,500 ~-~-> 00:50:25,230
--higher level support resistance. But for
--
--1178
--00:50:25,230 ~-~-> 00:50:26,910
--now, what we're going to look at is
--
--1179
--00:50:26,910 ~-~-> 00:50:30,000
--we're going to discuss the importance
--
--1180
--00:50:30,180 ~-~-> 00:50:31,560
--very briefly and we're going to build on
--
--1181
--00:50:31,560 ~-~-> 00:50:35,070
--this obviously as we go along. But I
--
--1182
--00:50:35,070 ~-~-> 00:50:36,990
--want you to notice that you have a lower
--
--1183
--00:50:36,990 ~-~-> 00:50:40,530
--high to the left of this candle, and we
--
--1184
--00:50:40,530 ~-~-> 00:50:41,940
--have a lower high to the right of this
--
--1185
--00:50:41,940 ~-~-> 00:50:43,950
--candle. Okay, so that makes it this
--
--1186
--00:50:44,400 ~-~-> 00:50:46,620
--three bar pattern lowered this candle,
--
--1187
--00:50:46,980 ~-~-> 00:50:49,920
--this candle and this candle, a swing
--
--1188
--00:50:49,920 ~-~-> 00:50:52,350
--high. Okay, so we're going to take that
--
--1189
--00:50:52,350 ~-~-> 00:50:54,810
--swing high, and we're gonna look at two
--
--1190
--00:50:55,470 ~-~-> 00:50:58,020
--price points as it relates to this.
--
--1191
--00:51:02,460 ~-~-> 00:51:05,310
--Okay, see that what I've delineated here
--
--1192
--00:51:05,310 ~-~-> 00:51:08,400
--is the range from the highest high and
--
--1193
--00:51:08,400 ~-~-> 00:51:11,880
--the lowest low, that make up that entire
--
--1194
--00:51:11,880 ~-~-> 00:51:15,120
--three bar pattern. Okay, see that this
--
--1195
--00:51:15,120 ~-~-> 00:51:17,580
--is the lower of the three candles. If
--
--1196
--00:51:17,580 ~-~-> 00:51:19,410
--this candle in the middle worse lower
--
--1197
--00:51:19,410 ~-~-> 00:51:20,760
--than this candle on the right of the
--
--1198
--00:51:20,760 ~-~-> 00:51:22,590
--three bar pattern, then I would have
--
--1199
--00:51:22,590 ~-~-> 00:51:25,140
--that level noted there, but the lowest.
--
--1200
--00:51:26,250 ~-~-> 00:51:27,510
--In other words in terms of the total
--
--1201
--00:51:27,510 ~-~-> 00:51:29,130
--range between all three candles
--
--1202
--00:51:29,130 ~-~-> 00:51:31,080
--combined, where's the highest high
--
--1203
--00:51:31,080 ~-~-> 00:51:32,460
--whereas the lowest low, that's what
--
--1204
--00:51:32,460 ~-~-> 00:51:35,220
--we're looking for. Okay? You want to
--
--1205
--00:51:35,220 ~-~-> 00:51:38,100
--have this in your mind as you're looking
--
--1206
--00:51:38,100 ~-~-> 00:51:40,260
--at your charts. Now. You're going to see
--
--1207
--00:51:40,260 ~-~-> 00:51:42,300
--very quickly doing this. You could have
--
--1208
--00:51:42,300 ~-~-> 00:51:44,850
--a whole lot of lines on your chart, but
--
--1209
--00:51:45,210 ~-~-> 00:51:47,160
--the concept is what we're trying to
--
--1210
--00:51:47,160 ~-~-> 00:51:49,860
--arrive at. So that way, when you can
--
--1211
--00:51:49,860 ~-~-> 00:51:51,360
--clearly see the swing points on your
--
--1212
--00:51:51,360 ~-~-> 00:51:52,890
--chart, you won't need to have this many
--
--1213
--00:51:52,890 ~-~-> 00:51:55,740
--lines on your chart, okay. But this is
--
--1214
--00:51:55,740 ~-~-> 00:51:58,050
--one particular range that is
--
--1215
--00:51:58,200 ~-~-> 00:52:00,810
--influential. Okay to all price action
--
--1216
--00:52:00,810 ~-~-> 00:52:03,870
--analysis concepts. Okay, every price
--
--1217
--00:52:03,870 ~-~-> 00:52:07,020
--point between the high and low, okay, on
--
--1218
--00:52:07,020 ~-~-> 00:52:09,720
--each candle being the low, the high open
--
--1219
--00:52:09,720 ~-~-> 00:52:12,120
--and close of each candle is also a
--
--1220
--00:52:12,120 ~-~-> 00:52:14,880
--sensitive price point. Okay, but for now
--
--1221
--00:52:14,910 ~-~-> 00:52:16,260
--we're just gonna identify the total
--
--1222
--00:52:16,260 ~-~-> 00:52:19,710
--range that makes up that swing high. The
--
--1223
--00:52:19,710 ~-~-> 00:52:23,610
--same thing occurs when we look at swing
--
--1224
--00:52:23,610 ~-~-> 00:52:25,710
--lows, okay, we have a swing low here we
--
--1225
--00:52:25,710 ~-~-> 00:52:29,880
--have a low with a lower low and a higher
--
--1226
--00:52:29,880 ~-~-> 00:52:32,010
--low. Okay, see that? Here's that three
--
--1227
--00:52:32,010 ~-~-> 00:52:34,980
--bar pattern. Okay, now we're going to do
--
--1228
--00:52:34,980 ~-~-> 00:52:40,140
--is we're going to delineate that and
--
--1229
--00:52:40,140 ~-~-> 00:52:41,490
--then we're gonna use the high because
--
--1230
--00:52:41,520 ~-~-> 00:52:46,170
--this candle let's change the color that
--
--1231
--00:52:46,170 ~-~-> 00:52:53,760
--just to differentiate. Okay, we're using
--
--1232
--00:52:53,760 ~-~-> 00:52:57,120
--the high candle here of the three bar
--
--1233
--00:52:57,120 ~-~-> 00:52:58,380
--pattern. So this is the highest of the
--
--1234
--00:52:58,380 ~-~-> 00:53:00,600
--range and this candles Low is the
--
--1235
--00:53:00,600 ~-~-> 00:53:03,210
--lowest, okay? Now watch what happens.
--
--1236
--00:53:05,490 ~-~-> 00:53:07,860
--Now we've delineated that range, okay?
--
--1237
--00:53:08,340 ~-~-> 00:53:12,690
--So we have a swing low and a swing high.
--
--1238
--00:53:12,990 ~-~-> 00:53:14,880
--Okay, so now what we're doing is we're,
--
--1239
--00:53:15,030 ~-~-> 00:53:16,800
--we're breaking the market down, and
--
--1240
--00:53:16,800 ~-~-> 00:53:18,480
--we're looking for potential reaction
--
--1241
--00:53:18,480 ~-~-> 00:53:21,390
--points. Okay? This swing low, you can
--
--1242
--00:53:21,390 ~-~-> 00:53:24,480
--see clearly, later in time price came up
--
--1243
--00:53:24,480 ~-~-> 00:53:25,860
--to that same price level and look what
--
--1244
--00:53:25,860 ~-~-> 00:53:27,240
--happened. Did it stay there very long?
--
--1245
--00:53:27,540 ~-~-> 00:53:30,480
--Absolutely not. And the market repelled
--
--1246
--00:53:30,630 ~-~-> 00:53:33,810
--and went lower. Okay. So now, let's go
--
--1247
--00:53:33,810 ~-~-> 00:53:37,170
--back and go through some more examples.
--
--1248
--00:53:38,130 ~-~-> 00:53:42,300
--And we're going to fare it out. Another
--
--1249
--00:53:44,820 ~-~-> 00:53:45,660
--swing low.
--
--1250
--00:53:51,540 ~-~-> 00:53:54,240
--Okay, and what I've done is I've noted
--
--1251
--00:53:54,960 ~-~-> 00:53:57,390
--this swing low, so you have a candle
--
--1252
--00:53:57,390 ~-~-> 00:53:59,160
--with a low with a higher low on the
--
--1253
--00:53:59,160 ~-~-> 00:54:00,990
--left, and a higher candle on the right.
--
--1254
--00:54:01,170 ~-~-> 00:54:05,010
--Okay, so all all three candles, okay,
--
--1255
--00:54:05,010 ~-~-> 00:54:08,190
--one has the low with a higher low on
--
--1256
--00:54:08,190 ~-~-> 00:54:10,350
--either side. It's only taking three
--
--1257
--00:54:10,350 ~-~-> 00:54:13,080
--candles to do that. Okay? Now you're
--
--1258
--00:54:13,080 ~-~-> 00:54:15,300
--probably asking why am I skipping over
--
--1259
--00:54:15,300 ~-~-> 00:54:16,740
--this little one here because this would
--
--1260
--00:54:16,740 ~-~-> 00:54:19,020
--be a swing low. Yes. Well, it's because
--
--1261
--00:54:19,020 ~-~-> 00:54:21,960
--we're looking at this is a Sunday. Okay,
--
--1262
--00:54:21,960 ~-~-> 00:54:24,900
--so you kind of like, take that into
--
--1263
--00:54:25,800 ~-~-> 00:54:27,930
--interior equation when you have these
--
--1264
--00:54:27,960 ~-~-> 00:54:30,930
--little, little tiny Sundays. I guess a
--
--1265
--00:54:30,930 ~-~-> 00:54:32,460
--general rule of thumb would be if you
--
--1266
--00:54:32,460 ~-~-> 00:54:34,830
--have a big range Sunday, then I would
--
--1267
--00:54:34,950 ~-~-> 00:54:36,810
--use it but if it's a real small little
--
--1268
--00:54:37,680 ~-~-> 00:54:40,830
--candle, usually it's typical of a Sunday
--
--1269
--00:54:41,670 ~-~-> 00:54:44,880
--down I won't factor that in. But for
--
--1270
--00:54:44,880 ~-~-> 00:54:46,530
--now, we're just gonna look for the most
--
--1271
--00:54:46,560 ~-~-> 00:54:49,650
--obvious swing points. Okay. So again,
--
--1272
--00:54:49,680 ~-~-> 00:54:51,660
--using the premise that we've already
--
--1273
--00:54:51,660 ~-~-> 00:54:54,180
--established, the candle highs and
--
--1274
--00:54:54,180 ~-~-> 00:54:56,760
--candles low. We have a swing low here,
--
--1275
--00:54:56,790 ~-~-> 00:54:58,590
--we've mapped out the highest point and
--
--1276
--00:54:58,590 ~-~-> 00:55:00,780
--the lowest point and you draw that out a
--
--1277
--00:55:00,780 ~-~-> 00:55:02,790
--little bit. Now, obviously, you want to
--
--1278
--00:55:02,790 ~-~-> 00:55:06,870
--have these levels in mind, okay, as you
--
--1279
--00:55:06,870 ~-~-> 00:55:09,060
--look at your chart, okay, and again,
--
--1280
--00:55:09,090 ~-~-> 00:55:11,700
--going back to the premise that if we put
--
--1281
--00:55:11,910 ~-~-> 00:55:14,820
--every single line that's available using
--
--1282
--00:55:14,820 ~-~-> 00:55:16,950
--this concept on your chart, you would
--
--1283
--00:55:16,980 ~-~-> 00:55:20,070
--quickly be inundated with so many levels
--
--1284
--00:55:20,070 ~-~-> 00:55:21,630
--it would be it would be confusing to
--
--1285
--00:55:21,630 ~-~-> 00:55:23,700
--you, okay, but you'll see, after a
--
--1286
--00:55:23,700 ~-~-> 00:55:28,080
--period of time, you'll adopt an eye for
--
--1287
--00:55:28,110 ~-~-> 00:55:30,060
--price swings and the ones that are going
--
--1288
--00:55:30,060 ~-~-> 00:55:34,770
--to be more useful to you will become
--
--1289
--00:55:34,800 ~-~-> 00:55:36,780
--obviously much more apparent as time
--
--1290
--00:55:36,780 ~-~-> 00:55:38,220
--goes on. Okay, but right now, in the
--
--1291
--00:55:38,220 ~-~-> 00:55:39,780
--beginning, you don't have that
--
--1292
--00:55:39,870 ~-~-> 00:55:44,370
--understanding or the ability to see what
--
--1293
--00:55:44,490 ~-~-> 00:55:45,960
--you should be seeing. Okay, and this is
--
--1294
--00:55:45,960 ~-~-> 00:55:48,390
--how you develop the eye for it. Okay. So
--
--1295
--00:55:48,390 ~-~-> 00:55:51,840
--we have the swing low here, movement up
--
--1296
--00:55:51,840 ~-~-> 00:55:55,290
--the highest high and the lowest low. We
--
--1297
--00:55:55,290 ~-~-> 00:55:58,020
--have a swing high here. Okay, we have
--
--1298
--00:55:58,020 ~-~-> 00:56:00,690
--swing low. We have no swing low. Here,
--
--1299
--00:56:00,780 ~-~-> 00:56:02,460
--okay, but look at what we've done here,
--
--1300
--00:56:02,460 ~-~-> 00:56:05,190
--we've, we've made this price point, just
--
--1301
--00:56:05,190 ~-~-> 00:56:08,820
--like this, okay? swing low, higher low
--
--1302
--00:56:08,820 ~-~-> 00:56:12,450
--and higher low on either side of it. Why
--
--1303
--00:56:12,480 ~-~-> 00:56:14,760
--would be? Why would we look at this
--
--1304
--00:56:14,760 ~-~-> 00:56:17,070
--level and this level when we're pretty
--
--1305
--00:56:17,070 ~-~-> 00:56:19,860
--much very close to it with this range
--
--1306
--00:56:19,860 ~-~-> 00:56:22,230
--already see that? Okay, so when price
--
--1307
--00:56:22,230 ~-~-> 00:56:24,750
--levels are very close like that, I just
--
--1308
--00:56:24,750 ~-~-> 00:56:26,580
--use the ones that are very clear, this
--
--1309
--00:56:26,580 ~-~-> 00:56:29,040
--is a pretty important swing low versus
--
--1310
--00:56:29,040 ~-~-> 00:56:30,930
--this one. Okay, so this swing low is
--
--1311
--00:56:30,930 ~-~-> 00:56:32,460
--occurring inside of the range that's
--
--1312
--00:56:32,460 ~-~-> 00:56:35,340
--been established by this swing low here,
--
--1313
--00:56:35,430 ~-~-> 00:56:37,290
--okay, from the low range low to the
--
--1314
--00:56:37,290 ~-~-> 00:56:40,110
--range high, this short term swing lows
--
--1315
--00:56:40,110 ~-~-> 00:56:42,690
--inside of that range. So This to me is
--
--1316
--00:56:42,690 ~-~-> 00:56:44,460
--going to be subordinate or less
--
--1317
--00:56:44,460 ~-~-> 00:56:47,850
--influential in terms of future
--
--1318
--00:56:48,120 ~-~-> 00:56:49,710
--prognostication in terms of price
--
--1319
--00:56:49,710 ~-~-> 00:56:52,590
--action, this range is going to be much
--
--1320
--00:56:52,590 ~-~-> 00:56:54,510
--more significant later on. Okay, so in
--
--1321
--00:56:54,510 ~-~-> 00:56:56,250
--other words, we're, we're going to apply
--
--1322
--00:56:56,430 ~-~-> 00:57:01,770
--strength okay. Factors To which price
--
--1323
--00:57:01,770 ~-~-> 00:57:03,420
--points we use for swing highs and swing
--
--1324
--00:57:03,420 ~-~-> 00:57:07,440
--lows. Okay, so now we have a swing high,
--
--1325
--00:57:08,130 ~-~-> 00:57:11,370
--okay? And we're going to use our
--
--1326
--00:57:11,370 ~-~-> 00:57:15,000
--different color. Just let me delineate
--
--1327
--00:57:15,000 ~-~-> 00:57:19,050
--that as well. Okay, and see what we have
--
--1328
--00:57:19,050 ~-~-> 00:57:24,300
--here. This big breakdown here, the
--
--1329
--00:57:24,300 ~-~-> 00:57:29,370
--lowest low in the three bar pattern,
--
--1330
--00:57:29,850 ~-~-> 00:57:31,890
--okay for the swing high is this candle
--
--1331
--00:57:31,890 ~-~-> 00:57:34,710
--here. Okay? Look at all the price
--
--1332
--00:57:34,830 ~-~-> 00:57:36,360
--trading that takes place around that
--
--1333
--00:57:36,360 ~-~-> 00:57:38,130
--price point. Okay, look at the open and
--
--1334
--00:57:38,130 ~-~-> 00:57:40,380
--closing of these candles, look at the
--
--1335
--00:57:40,380 ~-~-> 00:57:42,390
--highs, the demise of the candles in
--
--1336
--00:57:42,390 ~-~-> 00:57:44,610
--here. Okay, you'd have some reaction in
--
--1337
--00:57:44,610 ~-~-> 00:57:48,090
--here as well later on. And that's all
--
--1338
--00:57:48,120 ~-~-> 00:57:50,040
--working within this dealing range
--
--1339
--00:57:50,040 ~-~-> 00:57:52,800
--between this low and this high. Okay,
--
--1340
--00:57:52,800 ~-~-> 00:57:54,840
--and again, what we're mapping out is the
--
--1341
--00:57:54,840 ~-~-> 00:57:58,740
--swing highs, extreme points. Okay. And
--
--1342
--00:57:58,770 ~-~-> 00:58:00,510
--you can see look at the body The candle
--
--1343
--00:58:00,510 ~-~-> 00:58:02,550
--here, see, we wikked through the
--
--1344
--00:58:02,550 ~-~-> 00:58:05,310
--previous swing high here. Notice we
--
--1345
--00:58:05,310 ~-~-> 00:58:06,780
--didn't do a whole lot of trading there,
--
--1346
--00:58:06,810 ~-~-> 00:58:08,250
--the bodies of the candles were both
--
--1347
--00:58:08,250 ~-~-> 00:58:10,740
--below that. Okay, so these are, these
--
--1348
--00:58:10,740 ~-~-> 00:58:13,140
--are the building blocks, if you will, to
--
--1349
--00:58:13,140 ~-~-> 00:58:15,690
--understanding very, very advanced price
--
--1350
--00:58:15,690 ~-~-> 00:58:16,800
--action concepts that you're going to
--
--1351
--00:58:16,800 ~-~-> 00:58:19,980
--learn later on. But for now what we're
--
--1352
--00:58:19,980 ~-~-> 00:58:22,500
--gonna be doing is getting you used to
--
--1353
--00:58:22,500 ~-~-> 00:58:24,900
--seeing the price swings, and swing highs
--
--1354
--00:58:24,900 ~-~-> 00:58:26,760
--and swing lows and mapping them out. So
--
--1355
--00:58:26,760 ~-~-> 00:58:28,920
--that way we can see future price
--
--1356
--00:58:28,950 ~-~-> 00:58:31,500
--sensitivity to those same particular
--
--1357
--00:58:31,500 ~-~-> 00:58:33,600
--levels. And by understanding what you're
--
--1358
--00:58:33,600 ~-~-> 00:58:36,300
--doing, by applying these concepts,
--
--1359
--00:58:36,360 ~-~-> 00:58:39,060
--you'll start to see and anticipate
--
--1360
--00:58:39,060 ~-~-> 00:58:40,950
--really, which is which, which is the
--
--1361
--00:58:40,950 ~-~-> 00:58:42,300
--powerful concept that you're supposed to
--
--1362
--00:58:42,300 ~-~-> 00:58:43,380
--be gleaning from this.
--
--1363
--00:58:44,640 ~-~-> 00:58:47,790
--Learning to anticipate price rejections
--
--1364
--00:58:47,820 ~-~-> 00:58:49,650
--once it trades these levels because if
--
--1365
--00:58:49,650 ~-~-> 00:58:51,180
--price was able to repel away from that
--
--1366
--00:58:51,180 ~-~-> 00:58:53,610
--particular level at a earlier time,
--
--1367
--00:58:53,880 ~-~-> 00:58:56,520
--chances are that probably we'll see that
--
--1368
--00:58:56,520 ~-~-> 00:58:58,950
--same effect happen at a later time.
--
--1369
--00:58:59,550 ~-~-> 00:59:02,910
--Okay, so Have a swing high here. Okay?
--
--1370
--00:59:03,540 ~-~-> 00:59:09,450
--And I'm going to show you the lows are
--
--1371
--00:59:09,450 ~-~-> 00:59:13,200
--pretty much equal right in here. Okay,
--
--1372
--00:59:13,230 ~-~-> 00:59:15,600
--this low and this low of the three bar
--
--1373
--00:59:15,600 ~-~-> 00:59:17,100
--pattern that makes this swing high up.
--
--1374
--00:59:17,850 ~-~-> 00:59:20,430
--We have price sensitivity right there,
--
--1375
--00:59:20,520 ~-~-> 00:59:22,950
--beautifully done beautifully. Okay,
--
--1376
--00:59:23,310 ~-~-> 00:59:26,340
--comes back up again. Okay and it trades
--
--1377
--00:59:26,580 ~-~-> 00:59:29,850
--through this level and trades right back
--
--1378
--00:59:29,850 ~-~-> 00:59:32,730
--up into what level this sensitive level,
--
--1379
--00:59:32,970 ~-~-> 00:59:36,120
--okay? then it creates another swing
--
--1380
--00:59:36,120 ~-~-> 00:59:38,910
--high. Okay, see that. So now we're going
--
--1381
--00:59:38,910 ~-~-> 00:59:45,360
--to have low slow. Bring this over here a
--
--1382
--00:59:45,360 ~-~-> 00:59:48,120
--little bit, so no fusion you too much.
--
--1383
--00:59:48,630 ~-~-> 00:59:51,150
--So we have a swing high in here. Okay,
--
--1384
--00:59:51,150 ~-~-> 00:59:54,360
--and the lowest low and just for
--
--1385
--00:59:54,360 ~-~-> 00:59:55,830
--completeness sake, again
--
--1386
--01:00:03,689 ~-~-> 01:00:06,359
--I hit my show that but it is what it is
--
--1387
--01:00:06,359 ~-~-> 01:00:11,279
--we're going to reveal it get to the
--
--1388
--01:00:11,279 ~-~-> 01:00:12,209
--chart where I need it.
--
--1389
--01:00:18,180 ~-~-> 01:00:22,710
--Okay, so here's the, the high that swing
--
--1390
--01:00:22,710 ~-~-> 01:00:27,390
--high or that the extreme upper range of
--
--1391
--01:00:27,390 ~-~-> 01:00:29,730
--the high right here and the low. Okay,
--
--1392
--01:00:29,760 ~-~-> 01:00:32,610
--so we have this candle, this candle and
--
--1393
--01:00:32,610 ~-~-> 01:00:34,950
--this candle making this swing high. The
--
--1394
--01:00:34,950 ~-~-> 01:00:37,350
--lowest price point is right here. Okay,
--
--1395
--01:00:37,500 ~-~-> 01:00:39,690
--so inside these two price points, there
--
--1396
--01:00:39,690 ~-~-> 01:00:41,910
--should be future sensitivity. Okay.
--
--1397
--01:00:42,660 ~-~-> 01:00:45,510
--Again, keying off of the open high, low
--
--1398
--01:00:45,510 ~-~-> 01:00:48,300
--and close of the three bars, or three
--
--1399
--01:00:48,300 ~-~-> 01:00:49,770
--candles that make up the swing high and
--
--1400
--01:00:49,770 ~-~-> 01:00:53,790
--swing low. Okay, we have a swing low in
--
--1401
--01:00:53,790 ~-~-> 01:01:00,750
--here and what we'll do is as well Mark
--
--1402
--01:01:00,750 ~-~-> 01:01:01,290
--that out.
--
--1403
--01:01:06,540 ~-~-> 01:01:10,020
--And the highest high inside the swing
--
--1404
--01:01:10,950 ~-~-> 01:01:14,460
--low between this candle, this candle and
--
--1405
--01:01:14,460 ~-~-> 01:01:16,800
--this candle. The highest high is here
--
--1406
--01:01:17,100 ~-~-> 01:01:19,380
--and the lowest lows here. Okay? So we'll
--
--1407
--01:01:19,380 ~-~-> 01:01:21,780
--be looking for future sensitivity inside
--
--1408
--01:01:21,780 ~-~-> 01:01:24,000
--of that range. Okay. And you can see
--
--1409
--01:01:24,000 ~-~-> 01:01:25,770
--there was a very nice swing low form
--
--1410
--01:01:25,770 ~-~-> 01:01:27,960
--here violated it just a little bit.
--
--1411
--01:01:28,350 ~-~-> 01:01:30,120
--Okay? And then what would it be for
--
--1412
--01:01:30,240 ~-~-> 01:01:32,430
--another swing low. Notice we're not
--
--1413
--01:01:32,430 ~-~-> 01:01:33,960
--going to need to draw another line
--
--1414
--01:01:34,200 ~-~-> 01:01:35,280
--because this level is already
--
--1415
--01:01:35,280 ~-~-> 01:01:37,410
--represented with this level back here,
--
--1416
--01:01:37,710 ~-~-> 01:01:43,050
--okay? In this high candle, okay is
--
--1417
--01:01:43,050 ~-~-> 01:01:44,760
--already dealing with this range here. So
--
--1418
--01:01:44,760 ~-~-> 01:01:47,520
--see how this price swing is subordinate.
--
--1419
--01:01:47,910 ~-~-> 01:01:50,700
--Okay, inside of this swing low, so
--
--1420
--01:01:50,700 ~-~-> 01:01:53,160
--there's no necessity for us to fine tune
--
--1421
--01:01:53,460 ~-~-> 01:01:55,020
--any levels in here because it's already
--
--1422
--01:01:55,020 ~-~-> 01:01:57,780
--been pre determined with the range from
--
--1423
--01:01:57,780 ~-~-> 01:02:01,020
--this swing low. Okay. Now we have this
--
--1424
--01:02:01,020 ~-~-> 01:02:03,810
--swing high. Okay? See that we have a
--
--1425
--01:02:03,810 ~-~-> 01:02:07,260
--high, a higher high and a lower high. So
--
--1426
--01:02:07,260 ~-~-> 01:02:09,570
--we have a high with two lower candles to
--
--1427
--01:02:09,570 ~-~-> 01:02:11,460
--either side of it. Okay, so making that
--
--1428
--01:02:11,460 ~-~-> 01:02:13,560
--three bar swing high pattern we like to
--
--1429
--01:02:13,560 ~-~-> 01:02:17,130
--look for. So when you see that, what we
--
--1430
--01:02:17,130 ~-~-> 01:02:20,760
--can do again is you take your, your
--
--1431
--01:02:20,760 ~-~-> 01:02:29,040
--levels here and you draw that and what
--
--1432
--01:02:29,040 ~-~-> 01:02:30,510
--I'm doing since gathering this candle
--
--1433
--01:02:30,510 ~-~-> 01:02:31,740
--here because I really want to show the,
--
--1434
--01:02:32,160 ~-~-> 01:02:34,650
--the very clean symmetry that's presented
--
--1435
--01:02:35,010 ~-~-> 01:02:37,470
--with this sample set in terms of price
--
--1436
--01:02:37,470 ~-~-> 01:02:44,670
--action. And looking at the lowest low
--
--1437
--01:02:47,310 ~-~-> 01:02:49,680
--it's this candle here because this is
--
--1438
--01:02:49,680 ~-~-> 01:02:51,300
--the lowest candle between all three
--
--1439
--01:02:51,300 ~-~-> 01:02:53,460
--candles of the sweet and high pattern.
--
--1440
--01:02:53,970 ~-~-> 01:03:00,630
--Okay, and this is go for a little bit We
--
--1441
--01:03:00,630 ~-~-> 01:03:03,990
--have a new swing low down here.
--
--1442
--01:03:10,500 ~-~-> 01:03:17,580
--So we have this low here. And the
--
--1443
--01:03:17,580 ~-~-> 01:03:21,090
--highest high of the swing low pattern is
--
--1444
--01:03:21,090 ~-~-> 01:03:23,130
--right here. So it's the three bar
--
--1445
--01:03:23,130 ~-~-> 01:03:26,250
--pattern low. Okay, the highest price
--
--1446
--01:03:26,250 ~-~-> 01:03:29,370
--point in three candles is this price
--
--1447
--01:03:29,370 ~-~-> 01:03:31,800
--point and the lowest lows here, okay and
--
--1448
--01:03:31,800 ~-~-> 01:03:32,640
--we're going to be looking for certain
--
--1449
--01:03:32,640 ~-~-> 01:03:35,310
--price sensitivity going forward. Okay,
--
--1450
--01:03:35,340 ~-~-> 01:03:39,480
--and now we have a unique opportunity,
--
--1451
--01:03:39,660 ~-~-> 01:03:44,340
--okay to show you where price creates
--
--1452
--01:03:46,380 ~-~-> 01:03:49,980
--kind of like a muddy little swing point.
--
--1453
--01:03:50,160 ~-~-> 01:03:51,900
--Okay, see how these price points are
--
--1454
--01:03:51,900 ~-~-> 01:03:55,110
--basically the same. Okay, if you look
--
--1455
--01:03:55,110 ~-~-> 01:04:05,370
--very carefully You have price
--
--1456
--01:04:05,370 ~-~-> 01:04:07,020
--essentially trading almost at the same
--
--1457
--01:04:07,020 ~-~-> 01:04:09,390
--price point okay see that if you look
--
--1458
--01:04:09,390 ~-~-> 01:04:12,270
--real close this candle is slightly
--
--1459
--01:04:12,750 ~-~-> 01:04:15,600
--higher than this one and this one okay
--
--1460
--01:04:16,050 ~-~-> 01:04:18,300
--and again we have that same like Sunday
--
--1461
--01:04:18,300 ~-~-> 01:04:20,580
--phenomena I guess with these small
--
--1462
--01:04:20,580 ~-~-> 01:04:23,850
--little candles. So, when I have
--
--1463
--01:04:23,850 ~-~-> 01:04:25,860
--something like this What I do is I look
--
--1464
--01:04:25,890 ~-~-> 01:04:31,200
--at the overall consolidation Okay, I see
--
--1465
--01:04:31,200 ~-~-> 01:04:33,450
--the bodies and the wicks okay see how
--
--1466
--01:04:33,450 ~-~-> 01:04:35,610
--the wick is here, the body of the candle
--
--1467
--01:04:35,610 ~-~-> 01:04:37,590
--here the body of the candle here, the
--
--1468
--01:04:37,590 ~-~-> 01:04:42,270
--low here, okay when I see that, I will
--
--1469
--01:04:42,300 ~-~-> 01:04:44,910
--assume that price is still going to
--
--1470
--01:04:45,900 ~-~-> 01:04:48,900
--respect if you will, this swing low that
--
--1471
--01:04:48,900 ~-~-> 01:04:51,780
--we have the high range here and also now
--
--1472
--01:04:51,810 ~-~-> 01:04:53,310
--this is a little small little trading
--
--1473
--01:04:53,310 ~-~-> 01:04:57,960
--range. So this to me, I would look for a
--
--1474
--01:04:58,020 ~-~-> 01:05:01,920
--bullish move up Okay, now What's this,
--
--1475
--01:05:02,040 ~-~-> 01:05:04,590
--the candle two goes up, I'll have more
--
--1476
--01:05:04,590 ~-~-> 01:05:06,000
--weight on that. And we'll talk a lot
--
--1477
--01:05:06,000 ~-~-> 01:05:08,430
--more in that principle later on. But in
--
--1478
--01:05:08,430 ~-~-> 01:05:10,170
--this example, I would just simply refer
--
--1479
--01:05:10,170 ~-~-> 01:05:13,950
--to the bullish candle up in the cards.
--
--1480
--01:05:13,950 ~-~-> 01:05:15,570
--In other words, this is a White Candle,
--
--1481
--01:05:15,570 ~-~-> 01:05:16,740
--there are two bullish candles as it
--
--1482
--01:05:16,740 ~-~-> 01:05:19,740
--represents in this example, and black
--
--1483
--01:05:19,740 ~-~-> 01:05:22,320
--candles are down. I would spend more
--
--1484
--01:05:22,320 ~-~-> 01:05:24,300
--emphasis looking at the low here. But
--
--1485
--01:05:24,300 ~-~-> 01:05:26,070
--again, going back to our principle that
--
--1486
--01:05:26,100 ~-~-> 01:05:27,450
--we already have a level that's already
--
--1487
--01:05:27,450 ~-~-> 01:05:29,370
--delineated next to that, so there's no
--
--1488
--01:05:29,670 ~-~-> 01:05:32,970
--essential need for us to draw a new
--
--1489
--01:05:32,970 ~-~-> 01:05:37,980
--level. Okay, so we've already delineate
--
--1490
--01:05:37,980 ~-~-> 01:05:40,410
--delineated a specific price point for
--
--1491
--01:05:40,410 ~-~-> 01:05:43,860
--future sensitivity. Price comes up to
--
--1492
--01:05:43,860 ~-~-> 01:05:46,740
--that same level here, creates a swing
--
--1493
--01:05:46,740 ~-~-> 01:05:50,040
--high. We have the lowest lowest here
--
--1494
--01:05:50,040 ~-~-> 01:05:51,390
--which has already been established with
--
--1495
--01:05:51,390 ~-~-> 01:05:53,040
--this level here, so there's no necessity
--
--1496
--01:05:53,040 ~-~-> 01:05:56,610
--to draw a new line. We have a swing low
--
--1497
--01:05:56,610 ~-~-> 01:05:59,370
--here, with the highest of the three
--
--1498
--01:05:59,370 ~-~-> 01:06:01,860
--pattern here. Very close to this level,
--
--1499
--01:06:01,860 ~-~-> 01:06:04,200
--again, no necessity to draw another
--
--1500
--01:06:04,200 ~-~-> 01:06:07,830
--level. And look at the price action.
--
--1501
--01:06:07,860 ~-~-> 01:06:09,870
--It's traded right off of that level. See
--
--1502
--01:06:09,870 ~-~-> 01:06:13,590
--that? See that right there? wonderful,
--
--1503
--01:06:13,620 ~-~-> 01:06:16,980
--beautiful representation of very classic
--
--1504
--01:06:16,980 ~-~-> 01:06:22,920
--price action. I'm going to give you some
--
--1505
--01:06:22,980 ~-~-> 01:06:26,820
--more data that just to show you how
--
--1506
--01:06:26,820 ~-~-> 01:06:29,340
--price had respected the previous levels
--
--1507
--01:06:29,340 ~-~-> 01:06:31,770
--and what had transpired from that price,
--
--1508
--01:06:31,980 ~-~-> 01:06:40,560
--price point. Can you see that? Alright,
--
--1509
--01:06:40,980 ~-~-> 01:06:43,830
--so now, when you look at your charts,
--
--1510
--01:06:43,860 ~-~-> 01:06:45,000
--you're going to be spending a lot of
--
--1511
--01:06:45,000 ~-~-> 01:06:49,440
--time searching for swing points, swing
--
--1512
--01:06:49,440 ~-~-> 01:06:52,380
--highs and swing lows. Okay, looking for
--
--1513
--01:06:52,380 ~-~-> 01:06:56,040
--levels inside of the ranges that create
--
--1514
--01:06:56,040 ~-~-> 01:06:58,200
--those swing highs and swing lows and
--
--1515
--01:06:58,200 ~-~-> 01:07:00,240
--you're going to eventually spend A lot
--
--1516
--01:07:00,240 ~-~-> 01:07:03,000
--of times studying the sensitivity of
--
--1517
--01:07:03,090 ~-~-> 01:07:07,200
--future price action at the specific open
--
--1518
--01:07:07,650 ~-~-> 01:07:10,140
--close high and low of each of the three
--
--1519
--01:07:10,140 ~-~-> 01:07:12,600
--bar pattern. In other words we have
--
--1520
--01:07:12,990 ~-~-> 01:07:14,520
--these three candles here that make up
--
--1521
--01:07:14,520 ~-~-> 01:07:17,790
--the swing low here. Okay, we have an
--
--1522
--01:07:17,790 ~-~-> 01:07:20,010
--opening at this price point and the
--
--1523
--01:07:20,010 ~-~-> 01:07:22,380
--closes down here on this candle. We have
--
--1524
--01:07:22,380 ~-~-> 01:07:24,630
--an opening on this candle and a close
--
--1525
--01:07:24,630 ~-~-> 01:07:27,390
--here. We have an opening here on this
--
--1526
--01:07:27,390 ~-~-> 01:07:30,690
--candle and a close here. Okay. Remember
--
--1527
--01:07:30,690 ~-~-> 01:07:32,820
--I just told you in the opening the the
--
--1528
--01:07:32,820 ~-~-> 01:07:35,280
--highs and lows and close of all three of
--
--1529
--01:07:35,280 ~-~-> 01:07:38,130
--those candles are sensitive. Okay,
--
--1530
--01:07:38,130 ~-~-> 01:07:39,780
--they're very, very key price points.
--
--1531
--01:07:40,260 ~-~-> 01:07:42,390
--Look at the closing price on this candle
--
--1532
--01:07:42,390 ~-~-> 01:07:45,330
--here. The highest price point of all
--
--1533
--01:07:45,330 ~-~-> 01:07:48,210
--three closes. Okay. Let's go out in
--
--1534
--01:07:48,210 ~-~-> 01:07:51,630
--time. Look at what happens. Boom. Look
--
--1535
--01:07:51,630 ~-~-> 01:07:53,490
--at the sensitivity right there. Even
--
--1536
--01:07:53,490 ~-~-> 01:07:55,590
--though we had already leveled out this
--
--1537
--01:07:55,620 ~-~-> 01:07:58,830
--swing price point right here. Price
--
--1538
--01:07:58,830 ~-~-> 01:08:00,810
--stabbed through it. So step through it,
--
--1539
--01:08:00,810 ~-~-> 01:08:02,340
--step through it, step through it, look
--
--1540
--01:08:02,340 ~-~-> 01:08:03,780
--at the bodies of the candle, see how
--
--1541
--01:08:03,780 ~-~-> 01:08:08,610
--that was very, very well
--
--1542
--01:08:08,670 ~-~-> 01:08:10,920
--staved off in terms of not being able to
--
--1543
--01:08:10,950 ~-~-> 01:08:13,890
--go lower. Yes, we whipped through within
--
--1544
--01:08:13,890 ~-~-> 01:08:16,050
--air price action, but look what the bulk
--
--1545
--01:08:16,050 ~-~-> 01:08:18,180
--of the trading was above that level,
--
--1546
--01:08:18,510 ~-~-> 01:08:20,790
--okay, and just simply refer back to this
--
--1547
--01:08:20,820 ~-~-> 01:08:23,370
--closing price. And you can see that is
--
--1548
--01:08:23,400 ~-~-> 01:08:25,110
--very, very close to what was being
--
--1549
--01:08:25,620 ~-~-> 01:08:28,380
--referred to also look at the high of the
--
--1550
--01:08:28,380 ~-~-> 01:08:31,350
--very lowest candle to the high. Look at
--
--1551
--01:08:31,350 ~-~-> 01:08:34,890
--that go out in time. Boom. Okay, look at
--
--1552
--01:08:34,890 ~-~-> 01:08:38,010
--the high of this candle. Okay. Boom.
--
--1553
--01:08:38,850 ~-~-> 01:08:41,520
--Okay, even this candle here came right
--
--1554
--01:08:41,520 ~-~-> 01:08:43,200
--back down to what this price point.
--
--1555
--01:08:43,740 ~-~-> 01:08:47,280
--Okay. So when you're sitting in front of
--
--1556
--01:08:47,280 ~-~-> 01:08:50,880
--a computer, and looking at charts, don't
--
--1557
--01:08:50,880 ~-~-> 01:08:53,340
--blindly just stare at them expecting a
--
--1558
--01:08:53,340 ~-~-> 01:08:55,680
--neon sign to tell you hey, look, here's
--
--1559
--01:08:55,680 ~-~-> 01:08:58,980
--something to do. Or the next trade study
--
--1560
--01:08:59,010 ~-~-> 01:09:01,650
--how price has to Created in the past,
--
--1561
--01:09:01,830 ~-~-> 01:09:03,690
--it'll give you a whole lot of
--
--1562
--01:09:03,690 ~-~-> 01:09:05,730
--information. And it'll give you a lot of
--
--1563
--01:09:05,850 ~-~-> 01:09:08,340
--foundation that you need to be a price
--
--1564
--01:09:08,340 ~-~-> 01:09:11,010
--action trader and essentially, you know,
--
--1565
--01:09:11,040 ~-~-> 01:09:12,660
--putting you ahead of the pack if you
--
--1566
--01:09:12,660 ~-~-> 01:09:14,340
--will, and you'll be able to warm up a
--
--1567
--01:09:14,340 ~-~-> 01:09:17,310
--lot quicker to do more advanced concepts
--
--1568
--01:09:17,310 ~-~-> 01:09:19,020
--that we'll share as we go along.
--
--1569
--01:09:24,960 ~-~-> 01:09:27,570
--Now, above all, it's important to keep a
--
--1570
--01:09:27,570 ~-~-> 01:09:32,250
--balance in this don't become overly
--
--1571
--01:09:32,250 ~-~-> 01:09:34,740
--compulsive feeling you have to be in the
--
--1572
--01:09:34,740 ~-~-> 01:09:37,290
--marketplace, in charts in forums in my
--
--1573
--01:09:37,290 ~-~-> 01:09:40,110
--videos, okay? Your spouse wants to see
--
--1574
--01:09:40,110 ~-~-> 01:09:41,670
--you, okay, and you should be wanting to
--
--1575
--01:09:41,670 ~-~-> 01:09:43,080
--see your spouse and your children as
--
--1576
--01:09:43,080 ~-~-> 01:09:44,850
--well. And your friends want to see you
--
--1577
--01:09:44,850 ~-~-> 01:09:47,010
--to get out there and make sure you have
--
--1578
--01:09:47,010 ~-~-> 01:09:49,230
--a life. Learning this stuff is fun. It's
--
--1579
--01:09:49,260 ~-~-> 01:09:52,470
--It's It's amazing. The rewards you get
--
--1580
--01:09:52,470 ~-~-> 01:09:54,660
--with it. But if you're not engaging the
--
--1581
--01:09:54,690 ~-~-> 01:09:57,060
--other parts of your life, you will be
--
--1582
--01:09:57,060 ~-~-> 01:09:59,700
--coming. You know, it's an unhealthy
--
--1583
--01:09:59,700 ~-~-> 01:10:02,280
--relation. With the marketplace, so don't
--
--1584
--01:10:02,280 ~-~-> 01:10:03,690
--try to think because you got to spend a
--
--1585
--01:10:03,690 ~-~-> 01:10:07,410
--million hours of study in the charts in
--
--1586
--01:10:07,410 ~-~-> 01:10:09,330
--that and beginning it, you're not going
--
--1587
--01:10:09,330 ~-~-> 01:10:11,070
--to get yourself a shortcut. By doing
--
--1588
--01:10:11,070 ~-~-> 01:10:13,380
--that. Yes, it's important to spend time,
--
--1589
--01:10:13,440 ~-~-> 01:10:14,790
--okay. And then my advice is to spend at
--
--1590
--01:10:14,790 ~-~-> 01:10:16,350
--least 30 minutes a day looking at your
--
--1591
--01:10:16,350 ~-~-> 01:10:18,450
--charts. doing the things that we talk
--
--1592
--01:10:18,450 ~-~-> 01:10:20,670
--about overtime will give you skill set
--
--1593
--01:10:22,140 ~-~-> 01:10:24,510
--principles and, and drills and exercises
--
--1594
--01:10:24,510 ~-~-> 01:10:26,700
--to do they'll help you acquire certain,
--
--1595
--01:10:27,030 ~-~-> 01:10:29,730
--you know, price action, understanding,
--
--1596
--01:10:30,150 ~-~-> 01:10:31,980
--but it's not important that you spend
--
--1597
--01:10:32,400 ~-~-> 01:10:34,560
--five or six hours a day I did all that
--
--1598
--01:10:34,560 ~-~-> 01:10:38,220
--stuff. Okay. And yes, I eventually glean
--
--1599
--01:10:38,220 ~-~-> 01:10:40,050
--some things. But in the beginning, it
--
--1600
--01:10:40,050 ~-~-> 01:10:41,850
--was a lot of wasted time, because I just
--
--1601
--01:10:41,850 ~-~-> 01:10:42,990
--simply didn't know what I was looking
--
--1602
--01:10:42,990 ~-~-> 01:10:44,430
--for. Now I know what I'm looking for
--
--1603
--01:10:44,430 ~-~-> 01:10:47,910
--what I know. Now, what I what I should
--
--1604
--01:10:47,910 ~-~-> 01:10:49,380
--have been looking for then my learning
--
--1605
--01:10:49,380 ~-~-> 01:10:52,050
--curve would have been greatly shortened.
--
--1606
--01:10:52,320 ~-~-> 01:10:53,970
--And that's my goal here with you guys.
--
--1607
--01:10:54,420 ~-~-> 01:10:56,010
--So don't try to skip to the front online
--
--1608
--01:10:56,010 ~-~-> 01:10:56,940
--because you're not going to be the one
--
--1609
--01:10:56,940 ~-~-> 01:11:02,280
--that does it. And if you've been trading
--
--1610
--01:11:02,280 ~-~-> 01:11:03,990
--for a while, and you've been trying
--
--1611
--01:11:03,990 ~-~-> 01:11:05,610
--different things, and it hasn't been
--
--1612
--01:11:05,610 ~-~-> 01:11:07,230
--working out for you, I'm going to give
--
--1613
--01:11:07,230 ~-~-> 01:11:09,540
--you the real answer to it. It's not the
--
--1614
--01:11:09,540 ~-~-> 01:11:11,640
--system, and it's not going from one
--
--1615
--01:11:11,640 ~-~-> 01:11:14,670
--system to the next. This is not, the
--
--1616
--01:11:14,700 ~-~-> 01:11:16,620
--hand gets cold, go to the next best
--
--1617
--01:11:16,620 ~-~-> 01:11:18,990
--thing. You're going to quickly learn
--
--1618
--01:11:18,990 ~-~-> 01:11:21,720
--that you are the biggest enemy, you are
--
--1619
--01:11:21,720 ~-~-> 01:11:24,990
--the one that causes all these problems.
--
--1620
--01:11:25,650 ~-~-> 01:11:28,650
--And I know it sounds hard to swallow,
--
--1621
--01:11:29,760 ~-~-> 01:11:30,570
--but you're gonna have to admit
--
--1622
--01:11:30,570 ~-~-> 01:11:33,150
--it. No one else pulls the execution
--
--1623
--01:11:33,150 ~-~-> 01:11:35,400
--trigger but you no one else can do that.
--
--1624
--01:11:35,460 ~-~-> 01:11:38,130
--But you so you're in charge of all these
--
--1625
--01:11:38,130 ~-~-> 01:11:40,860
--decisions. When you understand that
--
--1626
--01:11:41,070 ~-~-> 01:11:42,750
--you're the one in the captain's chair,
--
--1627
--01:11:42,780 ~-~-> 01:11:44,280
--you're the You're the one at the helm,
--
--1628
--01:11:44,280 ~-~-> 01:11:47,580
--if you will, this sink, the ship either
--
--1629
--01:11:47,580 ~-~-> 01:11:51,000
--sinks or sails smoothly based on your
--
--1630
--01:11:51,000 ~-~-> 01:11:53,820
--decision making. Don't think that you
--
--1631
--01:11:53,820 ~-~-> 01:11:55,950
--got to go in here with a perfect system.
--
--1632
--01:11:56,070 ~-~-> 01:11:57,120
--You just need something that's going to
--
--1633
--01:11:57,120 ~-~-> 01:11:59,520
--consistently carve out a expected return
--
--1634
--01:11:59,790 ~-~-> 01:12:01,890
--and then maximize that edge or that
--
--1635
--01:12:01,890 ~-~-> 01:12:04,530
--return to get the outcome that you're
--
--1636
--01:12:04,530 ~-~-> 01:12:06,720
--looking for which is consistent,
--
--1637
--01:12:07,260 ~-~-> 01:12:10,620
--profitable, tip harvesting, that results
--
--1638
--01:12:10,650 ~-~-> 01:12:12,540
--in you being able to eventually move
--
--1639
--01:12:12,540 ~-~-> 01:12:15,840
--into a self sufficient lifestyle where
--
--1640
--01:12:15,870 ~-~-> 01:12:17,790
--all your living living expenses are
--
--1641
--01:12:17,790 ~-~-> 01:12:19,320
--acquired through your trading and your
--
--1642
--01:12:19,320 ~-~-> 01:12:21,540
--decision making in the marketplace.
--
--1643
--01:12:25,230 ~-~-> 01:12:26,700
--Alright, so now what can we expect to
--
--1644
--01:12:26,700 ~-~-> 01:12:28,830
--learn going forward? Well, it's my
--
--1645
--01:12:28,830 ~-~-> 01:12:30,180
--intention, obviously, to share with you
--
--1646
--01:12:30,180 ~-~-> 01:12:32,010
--what I've learned over the last 20 plus
--
--1647
--01:12:32,010 ~-~-> 01:12:34,500
--years. Now, there's going to be a lot of
--
--1648
--01:12:34,500 ~-~-> 01:12:38,040
--mix of not just simply foreign exchange.
--
--1649
--01:12:38,340 ~-~-> 01:12:39,690
--There's going to be a lot of commodity
--
--1650
--01:12:39,690 ~-~-> 01:12:41,820
--information I interweave with this
--
--1651
--01:12:41,820 ~-~-> 01:12:43,920
--because there's a lot of price action
--
--1652
--01:12:43,950 ~-~-> 01:12:47,040
--concepts. It's complimentary to the
--
--1653
--01:12:47,040 ~-~-> 01:12:50,070
--foreign exchange markets. I'm going to
--
--1654
--01:12:50,070 ~-~-> 01:12:52,440
--teach you how you can manage risk and
--
--1655
--01:12:52,440 ~-~-> 01:12:54,030
--trades and how you can target
--
--1656
--01:12:54,030 ~-~-> 01:12:56,100
--consistency. I'm going to teach you
--
--1657
--01:12:56,100 ~-~-> 01:12:57,720
--specifically how to determine which
--
--1658
--01:12:57,720 ~-~-> 01:13:01,440
--direction to trade any pair I also spend
--
--1659
--01:13:01,440 ~-~-> 01:13:04,860
--time with exercises and drills and skill
--
--1660
--01:13:04,860 ~-~-> 01:13:07,830
--sets to help you time low risk and high
--
--1661
--01:13:07,830 ~-~-> 01:13:10,620
--reward entry points. You're going to
--
--1662
--01:13:10,620 ~-~-> 01:13:12,870
--learn how to project in advance high
--
--1663
--01:13:12,870 ~-~-> 01:13:15,090
--odds, profit objectives, where to make
--
--1664
--01:13:15,090 ~-~-> 01:13:17,880
--your profits and how to take profits.
--
--1665
--01:13:18,570 ~-~-> 01:13:20,010
--I'm going to show you how well in
--
--1666
--01:13:20,010 ~-~-> 01:13:23,130
--advance when and where trades will form.
--
--1667
--01:13:23,820 ~-~-> 01:13:25,500
--A lot of questions I get a lot of email
--
--1668
--01:13:25,500 ~-~-> 01:13:28,020
--is they'll ask, you know, I want to know
--
--1669
--01:13:28,020 ~-~-> 01:13:29,610
--when to get in when to get out. Well,
--
--1670
--01:13:29,610 ~-~-> 01:13:31,380
--unless you understand how the trades are
--
--1671
--01:13:31,380 ~-~-> 01:13:33,300
--setting up, the in and out isn't going
--
--1672
--01:13:33,300 ~-~-> 01:13:35,940
--to help you. I'm gonna teach you
--
--1673
--01:13:35,940 ~-~-> 01:13:37,860
--specifically how to attract Smart Money
--
--1674
--01:13:37,860 ~-~-> 01:13:40,290
--traders like the banks, and you're gonna
--
--1675
--01:13:40,290 ~-~-> 01:13:43,380
--learn how to follow them. Now also, I'm
--
--1676
--01:13:43,380 ~-~-> 01:13:45,000
--going to give you a lot of tips on how
--
--1677
--01:13:45,000 ~-~-> 01:13:46,590
--to build your forex business that are
--
--1678
--01:13:46,590 ~-~-> 01:13:48,630
--completely unique to me and my material.
--
--1679
--01:13:49,170 ~-~-> 01:13:50,940
--So I want to understand that this is my
--
--1680
--01:13:50,940 ~-~-> 01:13:54,300
--sincere hope. And it's my goal for you
--
--1681
--01:13:54,300 ~-~-> 01:13:57,810
--to be profitable to be successful, and I
--
--1682
--01:13:57,810 ~-~-> 01:14:00,000
--want your success story. I covered that
--
--1683
--01:14:00,570 ~-~-> 01:14:02,310
--I want you to be able to be successful
--
--1684
--01:14:02,310 ~-~-> 01:14:04,080
--so that we I know you'll be able to move
--
--1685
--01:14:04,080 ~-~-> 01:14:06,270
--forward in life using this information
--
--1686
--01:14:06,270 ~-~-> 01:14:10,350
--to bless other people. When you do, I'm
--
--1687
--01:14:10,350 ~-~-> 01:14:12,750
--not saying that you won't, okay, I'm
--
--1688
--01:14:12,750 ~-~-> 01:14:14,400
--telling you that if you put the time
--
--1689
--01:14:14,400 ~-~-> 01:14:17,670
--into this, you will find success. The
--
--1690
--01:14:17,670 ~-~-> 01:14:19,020
--amount of success is going to be
--
--1691
--01:14:19,020 ~-~-> 01:14:21,180
--obviously dependent upon each individual
--
--1692
--01:14:21,180 ~-~-> 01:14:23,820
--trader and their development. But when
--
--1693
--01:14:23,820 ~-~-> 01:14:27,600
--you do, please share your story with me.
--
--1694
--01:14:28,230 ~-~-> 01:14:30,720
--That's all I'm asking for a simple thank
--
--1695
--01:14:30,720 ~-~-> 01:14:34,170
--you and what you've done for someone
--
--1696
--01:14:34,170 ~-~-> 01:14:37,290
--else, for your family, for a complete,
--
--1697
--01:14:37,860 ~-~-> 01:14:39,690
--perfect stranger, what did you do to
--
--1698
--01:14:39,690 ~-~-> 01:14:42,510
--bless them? You may not be a person of
--
--1699
--01:14:42,510 ~-~-> 01:14:45,630
--faith may not believe in a God. But
--
--1700
--01:14:45,630 ~-~-> 01:14:47,640
--isn't it just nice to know that you did
--
--1701
--01:14:47,640 ~-~-> 01:14:49,920
--something very, very nice for someone
--
--1702
--01:14:49,920 ~-~-> 01:14:52,980
--else and not expect anything in return?
--
--1703
--01:14:53,970 ~-~-> 01:14:55,470
--I can't tell you the wonderful feeling
--
--1704
--01:14:55,470 ~-~-> 01:14:58,890
--that gives me doing things like this and
--
--1705
--01:14:58,890 ~-~-> 01:15:02,640
--I hope that you are are passionate
--
--1706
--01:15:02,640 ~-~-> 01:15:06,390
--enough to return the currency that I'm
--
--1707
--01:15:06,390 ~-~-> 01:15:09,870
--exchanging. I'm giving you my life work
--
--1708
--01:15:10,500 ~-~-> 01:15:13,350
--just for story. And I want you to share
--
--1709
--01:15:13,350 ~-~-> 01:15:15,450
--that with me. And you can always reach
--
--1710
--01:15:15,450 ~-~-> 01:15:19,200
--me at inner circle trader@gmail.com or
--
--1711
--01:15:19,260 ~-~-> 01:15:23,010
--ICT at the inner circle trader calm and
--
--1712
--01:15:23,010 ~-~-> 01:15:24,840
--until I hear from you in the future, or
--
--1713
--01:15:24,840 ~-~-> 01:15:26,430
--when we talk again in the next session.
--
--1714
--01:15:26,940 ~-~-> 01:15:29,010
--I wish you good luck and good trading.

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