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Version 1.1 by Drunk Monkey on 2020-11-20 16:13
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3 ICT: Okay guys,
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7 what every new and or aspiring forex
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11 trader wants to know. Now before we get
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15 out, it's very important that you
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19 understand what I'm about to tell you.
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23 I'm not trying to be egotistical or
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27 arrogant about, but I know exactly what
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31 you're looking for. I've been trading
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35 for 20 years. It's over two decades
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39 worth of real world experience in the
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43 trading markets, and not just the Forex
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47 market. So I've been exposed really to a
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51 lot of the things you probably either
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55 just now getting interested in in terms
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59 of technical tools, or concepts and
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63 probably pretty much discarded it at
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67 least 80% of the things that you
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71 probably are trying to learn now for
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75 technical analysis. Simply because they
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79 do not work. It's my life's passion
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83 really, to acquire some of the most
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87 powerful trading concepts that are
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91 available to technical traders. And I've
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95 accumulated a pretty good toolbox over
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99 the years. And it's my pleasure now to
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103 share that with you.
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107 So you want to be a forex trader? Well,
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111 let's first congratulate you with that
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115 decision. Because I mean, this from the
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119 bottom of my heart, I think this is the
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123 absolute best asset class there is. And
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127 that flies in the face of one of my
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131 mentors, Larry Williams opinion of the
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135 Forex market. Larry Williams has his own
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139 record stating that the foreign exchange
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143 market is the worst place to be in and
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147 I've come to realize that's not entirely
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151 true. I believe That our mentors
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155 opinions are beneficial to us. But we
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159 are never to be locked in to one
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163 particular person's perspective. And
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167 that goes with me as well. So if I say
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171 something that does not resonate with
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175 you as a developing trader or someone
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179 that has experience, don't let that
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183 influence you in, not least seeking out
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187 that matter a little bit deeper. I
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191 simply don't like bollinger bands for
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195 instance, and you may acquire a taste
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199 for using that as a tool. So don't let
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203 my insights discourage you. Okay, from
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207 doing further research, I'm confident
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211 that even if you deviate from my
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215 material, you will come back to if
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219 you've sincerely given it a you know, a
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223 thorough going through once or twice.
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227 But I think this business is very, very
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231 beneficial. Okay, to small traders,
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235 because If you're trading in the stock
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239 market, how many shares of stock Can you
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243 buy of Apple right now, this did a four
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247 to one split, I think it was. Now it's
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251 like $90 a share at the time of this
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255 recording, but how many how many shares
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259 you're going to be able to buy if you
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263 have 1000 bucks, not many. And if you're
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267 trading a commodity market, okay, the
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271 initial margin on some of those
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275 particular asset classes are pretty
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279 hefty as well. Okay? So, and plus you're
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283 stuck inside of the, the futures
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287 contract specification. And, for
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291 instance, you know, if you're trading
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295 the currency, the British pound, okay,
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299 you're stuck trading, either the mid and
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303 contract or the new half of a full
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307 contract or you're trading the large
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311 contract. Okay, so you're kind of like
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315 forced to trade. One or the other in
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319 either one of them may not even fit your
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323 risk parameters that you would need
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327 based on The equity you and you fund
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331 your account with that doesn't occur in
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335 the foreign exchange market. When you're
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339 trading spot retail, you have the
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343 ability to tailor your trading based on
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347 your risk adversity. So now words if you
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351 are very, very conservative and you
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355 don't want to trade a whole lot in terms
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359 of risk, okay, you can gear your
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363 leveraging down to very, very small
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367 risk. Now you're not going to make a
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371 whole lot of money, okay, but you're not
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375 risking a whole lot either. And that's
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379 really where you should be at as a
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383 developing trader not focusing on how
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387 much money you can make. So there's a
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391 lot of rules that we're going to be
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395 putting on you Okay, and shaping your
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399 mindset as it as it were. Okay for a
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403 developing trader and how to build this
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407 into your business. But for now, okay,
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411 understand that this is an exciting
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415 adventure for you is something that you
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419 could do a very very good living Okay,
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423 exceptional living if, if you do develop
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427 accurately in terms of In the process of
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431 becoming a methodical trader, role based
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435 trader, and if you adopt a strong
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439 psychological profile for how your
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443 trading relates to neophytes, street
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447 traders, okay and really, if you're
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451 watching this video, you're probably in
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455 that category. And it's not to be
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459 offensive, we all start there, okay? But
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463 if you understand that you have to, you
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467 have to pitch a tent there for a little
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471 while, but don't move into that
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475 neighborhood you're going to eventually
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479 move out okay, and move into a
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483 developmental you know, process of
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487 developing into a professional trader.
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491 So, before we get into all of the
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495 specifics, let's go and look at some of
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499 the rules okay to building a solid
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503 foundation as a starting developing
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507 trader.
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511 Now, again, I don't mean this to be
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515 arrogant, but I know exactly What you're
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519 looking for, you're probably watching
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523 this video at your job. And or you just
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527 recently got off work and you're
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531 watching videos that has been shared by
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535 me and probably other people on the
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539 internet. And you're pretty much
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543 daydreaming about what it would be like
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547 to get out of the rat race. And I know
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551 exactly how that feels. I've had worked
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555 some of the most god awful positions in
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559 terms of the working class, and I am
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563 pretty much the definition of a working
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567 class hero. I was not going to stay in
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571 that industry, of being a slave, if you
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575 will, to demand i'm i've never been
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579 wired to be subordinate to anyone, not
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583 for a long period of time, if you will.
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587 I've always been rebellious in a lot of
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591 ways as relates to that. So I've been
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595 motivated to always find ways to you
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599 provide a means of financial support to
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603 myself and my family and not really be
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607 dependent upon, you know, the the guy
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611 that calls himself the boss over me. You
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615 need to call the shots. So I know
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619 exactly what you're thinking and what
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623 you're wanting to do. Okay? And even if
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627 you aren't being honest with yourself
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631 and me, okay, if we were in a room
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635 together, some of you may say, Well, I'm
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639 not really in this to, you know, to get
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643 rich, well, you're probably lying
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647 through your teeth, okay? Everybody
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651 wants more money, okay? And greed is
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655 bad. Okay, but it's understandable that
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659 you should want to be able to provide
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663 for your family, okay? And that's what
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667 I'm going to give you some skill sets to
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671 do. Okay, I can't promise you wealth.
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675 Okay, can you acquire wealth doing these
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679 things? Absolutely. But I can't promise
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683 everyone being able to do that because
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687 you're all going to develop on a
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691 different timeframes. And some of the
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695 skill sets that are going to be shared
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699 with you. It's going to have to require
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703 work on your part, and you may throw in
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707 the towel, you may get fresh And quit,
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711 you may require more time than others,
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715 okay? And it's gonna require your use of
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719 a demo account. And you probably have
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723 already utilized a demo account a few
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727 times now, you probably dusted it. Okay,
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731 now it's busted all the pretend money in
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735 the account. And I don't want you to
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739 think in that that's, you know, without
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743 consequence, there is absolute bad habit
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747 forming when you play around in the
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751 sandbox in a demo account, unless you're
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755 doing specific skill sets that are
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759 inherently designed for you to adopt a,
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763 a pain threshold, and then there's some
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767 of these skills we're going to be
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771 sharing, and drills and exercises. But I
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775 want you to understand that when you're
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779 in a demo account, you should be
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783 treating it like it's your business,
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787 okay? It's like it's your account. And
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791 don't open up a demo account with
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795 $50,000 or pretend money because you're
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799 most likely chances are never going to
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803 be opening up a forex retail account
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807 with $50,000. If he's never before. So,
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811 I don't want you thinking that, you
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815 know, the answers are going to be found
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819 in forums. I don't want you thinking
820
821 206
822 00:09:08,280 ~-~-> 00:09:09,780
823 that there's going to be this magic pill
824
825 207
826 00:09:09,780 ~-~-> 00:09:11,340
827 out there where you swallow and all of a
828
829 208
830 00:09:11,340 ~-~-> 00:09:13,500
831 sudden you're super trader, there's no
832
833 209
834 00:09:13,530 ~-~-> 00:09:15,600
835 specific method out there. That's
836
837 210
838 00:09:15,600 ~-~-> 00:09:17,580
839 perfect mind is not perfect. You're
840
841 211
842 00:09:17,580 ~-~-> 00:09:18,870
843 going to lose money doing the things
844
845 212
846 00:09:18,870 ~-~-> 00:09:21,060
847 that I do. Okay? But you're going to
848
849 213
850 00:09:21,060 ~-~-> 00:09:26,760
851 develop as a extremely precise trader,
852
853 214
854 00:09:26,850 ~-~-> 00:09:28,560
855 if you put the work into the tools I'm
856
857 215
858 00:09:28,560 ~-~-> 00:09:32,160
859 sharing and exercises and concepts. I
860
861 216
862 00:09:32,160 ~-~-> 00:09:33,450
863 don't want you thinking that you have to
864
865 217
866 00:09:33,450 ~-~-> 00:09:35,490
867 go into this trading every single pair
868
869 218
870 00:09:36,060 ~-~-> 00:09:38,610
871 that's not needed. Okay. You only need
872
873 219
874 00:09:38,610 ~-~-> 00:09:42,990
875 one real particular pair. You may like
876
877 220
878 00:09:42,990 ~-~-> 00:09:46,230
879 the Euro, you may like the Aussie US
880
881 221
882 00:09:46,230 ~-~-> 00:09:51,030
883 dollar. You might like the cable, okay,
884
885 222
886 00:09:51,060 ~-~-> 00:09:51,690
887 and
888
889 223
890 00:09:52,500 ~-~-> 00:09:54,240
891 it's really a personal preference.
892
893 224
894 00:09:54,570 ~-~-> 00:09:58,140
895 Whichever one you like, pursue it. trade
896
897 225
898 00:09:58,140 ~-~-> 00:09:59,310
899 it for a little while learn its
900
901 226
902 00:09:59,310 ~-~-> 00:10:01,590
903 characteristic But you don't need to be
904
905 227
906 00:10:01,590 ~-~-> 00:10:04,320
907 trading a whole lot of pairs. And don't
908
909 228
910 00:10:04,320 ~-~-> 00:10:05,370
911 think that you're going to be getting
912
913 229
914 00:10:05,370 ~-~-> 00:10:09,240
915 rich real quick, because that's why 90%
916
917 230
918 00:10:09,240 ~-~-> 00:10:10,440
919 if you believe the statistics that are
920
921 231
922 00:10:10,440 ~-~-> 00:10:12,540
923 shared with us, fail in this business,
924
925 232
926 00:10:12,570 ~-~-> 00:10:14,820
927 and it's not just forex, it's trading as
928
929 233
930 00:10:14,820 ~-~-> 00:10:16,920
931 a whole. Because everyone goes into it
932
933 234
934 00:10:16,920 ~-~-> 00:10:18,780
935 for the same reason. They want to quit
936
937 235
938 00:10:18,780 ~-~-> 00:10:21,330
939 their job this month, they want to do it
940
941 236
942 00:10:21,330 ~-~-> 00:10:23,580
943 with no money in the account $500
944
945 237
946 00:10:23,880 ~-~-> 00:10:24,960
947 they're going to be the next guy that
948
949 238
950 00:10:24,960 ~-~-> 00:10:26,670
951 retires and makes it to the front of
952
953 239
954 00:10:26,670 ~-~-> 00:10:30,030
955 futures magazine, or you trader magazine
956
957 240
958 00:10:30,030 ~-~-> 00:10:31,620
959 this month, okay. And they're going to
960
961 241
962 00:10:31,620 ~-~-> 00:10:33,690
963 be the centerfold. I don't want you to
964
965 242
966 00:10:33,690 ~-~-> 00:10:36,510
967 think in like that. Okay. And if you're
968
969 243
970 00:10:36,510 ~-~-> 00:10:38,880
971 playing a demo account, and you feel
972
973 244
974 00:10:38,940 ~-~-> 00:10:41,220
975 that warm, fuzzy feeling when you get a
976
977 245
978 00:10:41,250 ~-~-> 00:10:45,540
979 win on paper trades, don't buy into
980
981 246
982 00:10:45,540 ~-~-> 00:10:47,130
983 that, okay? There's chemical reactions
984
985 247
986 00:10:47,130 ~-~-> 00:10:48,840
987 that release in your brain when you when
988
989 248
990 00:10:48,840 ~-~-> 00:10:50,640
991 you see yourself being right. What
992
993 249
994 00:10:50,640 ~-~-> 00:10:52,740
995 you're teaching yourself, okay? You're
996
997 250
998 00:10:52,740 ~-~-> 00:10:56,070
999 teaching yourself that when you over
1000
1001 251
1002 00:10:56,070 ~-~-> 00:10:58,860
1003 leveraged with no plan, it might work
1004
1005 252
1006 00:10:58,860 ~-~-> 00:11:01,470
1007 out so therefore That's how you're going
1008
1009 253
1010 00:11:01,470 ~-~-> 00:11:02,640
1011 to make your money and that's how you're
1012
1013 254
1014 00:11:02,640 ~-~-> 00:11:03,990
1015 going to quit your job. And that's not
1016
1017 255
1018 00:11:03,990 ~-~-> 00:11:05,760
1019 how professional traders trade. That's
1020
1021 256
1022 00:11:05,760 ~-~-> 00:11:08,070
1023 not how Working Class Heroes come out of
1024
1025 257
1026 00:11:08,070 ~-~-> 00:11:11,280
1027 the rat race and leave that that slave
1028
1029 258
1030 00:11:11,280 ~-~-> 00:11:14,910
1031 mentality to be a self sufficient
1032
1033 259
1034 00:11:15,090 ~-~-> 00:11:17,670
1035 independent thinking, profit producing
1036
1037 260
1038 00:11:17,670 ~-~-> 00:11:21,630
1039 trader. Okay, debt equation neveri
1040
1041 261
1042 00:11:21,750 ~-~-> 00:11:24,750
1043 evolves to professional, consistent
1044
1045 262
1046 00:11:24,750 ~-~-> 00:11:27,060
1047 trader, okay, that is a gambler. That's
1048
1049 263
1050 00:11:27,060 ~-~-> 00:11:30,180
1051 the folks that go into account with live
1052
1053 264
1054 00:11:30,180 ~-~-> 00:11:32,880
1055 funds and dusted in 30 to 90 days. Okay,
1056
1057 265
1058 00:11:32,910 ~-~-> 00:11:34,590
1059 that's statistics. That's proof. That's
1060
1061 266
1062 00:11:34,590 ~-~-> 00:11:37,350
1063 what happens. And we're in the business
1064
1065 267
1066 00:11:37,380 ~-~-> 00:11:40,170
1067 of avoiding that. Okay. Every business
1068
1069 268
1070 00:11:40,200 ~-~-> 00:11:42,780
1071 goes into the beginning with the intent
1072
1073 269
1074 00:11:42,780 ~-~-> 00:11:46,200
1075 of making a profit. 80% of businesses go
1076
1077 270
1078 00:11:46,200 ~-~-> 00:11:48,420
1079 into it with no plan and they fail.
1080
1081 271
1082 00:11:48,720 ~-~-> 00:11:50,160
1083 Okay, so don't be surprised if that's
1084
1085 272
1086 00:11:50,160 ~-~-> 00:11:52,320
1087 how you go into forex trading. If you
1088
1089 273
1090 00:11:52,320 ~-~-> 00:11:54,240
1091 have no plan, and just playing around
1092
1093 274
1094 00:11:54,240 ~-~-> 00:11:55,440
1095 demo count, you think it's going to be
1096
1097 275
1098 00:11:55,440 ~-~-> 00:11:58,230
1099 like lottery. Okay? Don't watch these
1100
1101 276
1102 00:11:58,230 ~-~-> 00:12:00,120
1103 videos, okay. Because really You're
1104
1105 277
1106 00:12:00,120 ~-~-> 00:12:02,100
1107 wasting your time. And you're really,
1108
1109 278
1110 00:12:02,130 ~-~-> 00:12:03,360
1111 you're really doing a disservice to
1112
1113 279
1114 00:12:03,360 ~-~-> 00:12:06,360
1115 yourself and a certain measure of
1116
1117 280
1118 00:12:06,390 ~-~-> 00:12:07,920
1119 disrespect, because I'm putting a lot of
1120
1121 281
1122 00:12:08,340 ~-~-> 00:12:12,360
1123 emphasis on tools and concepts for you
1124
1125 282
1126 00:12:12,360 ~-~-> 00:12:16,200
1127 to be in, powered by, but not to be
1128
1129 283
1130 00:12:16,590 ~-~-> 00:12:17,970
1131 cherry pick, don't go through this
1132
1133 284
1134 00:12:17,970 ~-~-> 00:12:20,010
1135 material and pick out what you like, go
1136
1137 285
1138 00:12:20,010 ~-~-> 00:12:21,690
1139 through all of it. Now, there may be
1140
1141 286
1142 00:12:21,690 ~-~-> 00:12:23,970
1143 tools and concepts that don't resonate
1144
1145 287
1146 00:12:23,970 ~-~-> 00:12:26,190
1147 with you. But I have a couple of them
1148
1149 288
1150 00:12:26,340 ~-~-> 00:12:29,160
1151 for each stage of analysis. And you can
1152
1153 289
1154 00:12:29,160 ~-~-> 00:12:30,780
1155 find one that really resonates with you
1156
1157 290
1158 00:12:31,110 ~-~-> 00:12:34,860
1159 and run with that. But I don't want you
1160
1161 291
1162 00:12:34,860 ~-~-> 00:12:37,350
1163 to think in that you have to be getting
1164
1165 292
1166 00:12:37,350 ~-~-> 00:12:39,180
1167 rich quick. That's not what you need to
1168
1169 293
1170 00:12:39,180 ~-~-> 00:12:40,650
1171 be thinking here. And if you've been
1172
1173 294
1174 00:12:40,650 ~-~-> 00:12:42,450
1175 thinking like that, I want to ask you,
1176
1177 295
1178 00:12:42,810 ~-~-> 00:12:44,460
1179 where have you gotten with that mindset?
1180
1181 296
1182 00:12:45,030 ~-~-> 00:12:47,250
1183 You still working your job. You're
1184
1185 297
1186 00:12:47,250 ~-~-> 00:12:49,080
1187 probably more miserable now than you did
1188
1189 298
1190 00:12:49,080 ~-~-> 00:12:51,030
1191 before you found forex because it was
1192
1193 299
1194 00:12:51,030 ~-~-> 00:12:52,890
1195 one of those one more dead end
1196
1197 300
1198 00:12:52,920 ~-~-> 00:12:55,800
1199 opportunities. One more could have been
1200
1201 301
1202 00:12:55,860 ~-~-> 00:12:58,230
1203 but it's too good to be true type thing
1204
1205 302
1206 00:12:58,380 ~-~-> 00:13:01,080
1207 and I guarantee you By the time I'm done
1208
1209 303
1210 00:13:01,080 ~-~-> 00:13:03,030
1211 with you, you're going to realize that
1212
1213 304
1214 00:13:03,510 ~-~-> 00:13:05,580
1215 forex is not one of those things at all.
1216
1217 305
1218 00:13:10,530 ~-~-> 00:13:12,810
1219 Now know you've been thinking, and
1220
1221 306
1222 00:13:12,810 ~-~-> 00:13:15,210
1223 you're probably smiling right now. But
1224
1225 307
1226 00:13:15,210 ~-~-> 00:13:15,840
1227 think about it.
1228
1229 308
1230 00:13:17,549 ~-~-> 00:13:19,349
1231 You've been thinking about the
1232
1233 309
1234 00:13:19,349 ~-~-> 00:13:22,229
1235 likelihood of making your annual salary
1236
1237 310
1238 00:13:22,499 ~-~-> 00:13:24,719
1239 inside of a couple months, how well
1240
1241 311
1242 00:13:24,719 ~-~-> 00:13:25,979
1243 you're going to look amongst your
1244
1245 312
1246 00:13:25,979 ~-~-> 00:13:28,169
1247 friends, how well you're going to look
1248
1249 313
1250 00:13:28,169 ~-~-> 00:13:29,999
1251 amongst the opposite sex, maybe your
1252
1253 314
1254 00:13:29,999 ~-~-> 00:13:31,769
1255 spouse would be much more, you know,
1256
1257 315
1258 00:13:32,849 ~-~-> 00:13:34,349
1259 impressed with you, maybe your in laws
1260
1261 316
1262 00:13:34,349 ~-~-> 00:13:36,959
1263 will love you more. Okay, but the bottom
1264
1265 317
1266 00:13:36,959 ~-~-> 00:13:40,559
1267 line is, those things are external.
1268
1269 318
1270 00:13:40,919 ~-~-> 00:13:43,529
1271 Okay, those things are things that are
1272
1273 319
1274 00:13:43,769 ~-~-> 00:13:48,149
1275 gonna cause you to feel like you have to
1276
1277 320
1278 00:13:48,149 ~-~-> 00:13:50,579
1279 weigh your performance to be
1280
1281 321
1282 00:13:50,579 ~-~-> 00:13:52,379
1283 significant. And that's not what you're
1284
1285 322
1286 00:13:52,379 ~-~-> 00:13:54,389
1287 doing this for. Okay? You want to be
1288
1289 323
1290 00:13:54,389 ~-~-> 00:13:58,739
1291 trading as a business. I don't see fast
1292
1293 324
1294 00:13:58,739 ~-~-> 00:14:00,539
1295 food chains. Think about it. Like this,
1296
1297 325
1298 00:14:01,199 ~-~-> 00:14:04,169
1299 McDonald's, just about every person on
1300
1301 326
1302 00:14:04,169 ~-~-> 00:14:06,209
1303 every continent knows who Ronald
1304
1305 327
1306 00:14:06,209 ~-~-> 00:14:09,719
1307 McDonald is, even though they started
1308
1309 328
1310 00:14:09,719 ~-~-> 00:14:11,639
1311 their business, and they framed it with
1312
1313 329
1314 00:14:11,639 ~-~-> 00:14:14,609
1315 a foundation of a clown of all things to
1316
1317 330
1318 00:14:14,609 ~-~-> 00:14:17,579
1319 have as your mascot. Did they go in
1320
1321 331
1322 00:14:17,579 ~-~-> 00:14:20,399
1323 clowning around as a business, no way.
1324
1325 332
1326 00:14:20,909 ~-~-> 00:14:22,829
1327 They use that trademark image of a
1328
1329 333
1330 00:14:22,829 ~-~-> 00:14:25,109
1331 clown. But they're absolutely dead
1332
1333 334
1334 00:14:25,109 ~-~-> 00:14:27,269
1335 serious about making profits and man,
1336
1337 335
1338 00:14:27,269 ~-~-> 00:14:28,919
1339 they make profits, they do very, very
1340
1341 336
1342 00:14:28,919 ~-~-> 00:14:31,169
1343 well. That's how you should be thinking,
1344
1345 337
1346 00:14:31,229 ~-~-> 00:14:34,469
1347 you want to be thinking, How can I go
1348
1349 338
1350 00:14:34,469 ~-~-> 00:14:37,739
1351 forward as a business owner, okay, with
1352
1353 339
1354 00:14:37,739 ~-~-> 00:14:41,279
1355 no employees except for you. Okay? And
1356
1357 340
1358 00:14:41,549 ~-~-> 00:14:43,139
1359 you need to be going into this with that
1360
1361 341
1362 00:14:43,139 ~-~-> 00:14:44,969
1363 mindset thinking I'm going to be turning
1364
1365 342
1366 00:14:44,969 ~-~-> 00:14:47,909
1367 this into a future long term business.
1368
1369 343
1370 00:14:48,299 ~-~-> 00:14:50,699
1371 I'm going to be replacing my income with
1372
1373 344
1374 00:14:50,699 ~-~-> 00:14:55,079
1375 this very concept of extracting funds
1376
1377 345
1378 00:14:55,109 ~-~-> 00:14:57,959
1379 from the foreign exchange market. But
1380
1381 346
1382 00:14:57,959 ~-~-> 00:15:00,089
1383 it's going to come with work you He's
1384
1385 347
1386 00:15:00,089 ~-~-> 00:15:02,009
1387 going to have to come with a lot of
1388
1389 348
1390 00:15:02,009 ~-~-> 00:15:04,109
1391 effort. And it's going to be expensive.
1392
1393 349
1394 00:15:04,739 ~-~-> 00:15:07,709
1395 I don't charge money. But I promise you,
1396
1397 350
1398 00:15:08,009 ~-~-> 00:15:11,039
1399 I'm going to charge you time. Because I
1400
1401 351
1402 00:15:11,039 ~-~-> 00:15:13,619
1403 have to force patients and a lot of you.
1404
1405 352
1406 00:15:14,309 ~-~-> 00:15:16,559
1407 It was forced of me. That's how I
1408
1409 353
1410 00:15:16,559 ~-~-> 00:15:20,009
1411 learned. The best things come with
1412
1413 354
1414 00:15:20,039 ~-~-> 00:15:22,349
1415 adversity. And you're going to learn
1416
1417 355
1418 00:15:22,349 ~-~-> 00:15:23,639
1419 that your greatest lessons are going to
1420
1421 356
1422 00:15:23,639 ~-~-> 00:15:26,369
1423 come with pain, submit to the pain,
1424
1425 357
1426 00:15:26,519 ~-~-> 00:15:29,039
1427 submit to the adversity, and above all,
1428
1429 358
1430 00:15:29,159 ~-~-> 00:15:32,759
1431 submit the time, you're going to need to
1432
1433 359
1434 00:15:33,179 ~-~-> 00:15:35,909
1435 relinquish this necessity to being
1436
1437 360
1438 00:15:35,939 ~-~-> 00:15:38,129
1439 right. Because when you start looking at
1440
1441 361
1442 00:15:38,129 ~-~-> 00:15:40,199
1443 the right side of that chart, and not
1444
1445 362
1446 00:15:40,199 ~-~-> 00:15:43,259
1447 knowing what to anticipate or expect, if
1448
1449 363
1450 00:15:43,259 ~-~-> 00:15:44,549
1451 you haven't done the work with other
1452
1453 364
1454 00:15:44,549 ~-~-> 00:15:46,529
1455 skill sets and the drills that we're
1456
1457 365
1458 00:15:46,529 ~-~-> 00:15:49,679
1459 going to be doing, you won't have the
1460
1461 366
1462 00:15:49,679 ~-~-> 00:15:52,919
1463 foundation to rely on knowing what to
1464
1465 367
1466 00:15:52,919 ~-~-> 00:15:54,809
1467 anticipate. You're going to be reacting
1468
1469 368
1470 00:15:54,809 ~-~-> 00:15:56,249
1471 like everyone else does in the retail
1472
1473 369
1474 00:15:56,249 ~-~-> 00:15:57,659
1475 market and lose their shirts.
1476
1477 370
1478 00:16:06,450 ~-~-> 00:16:07,740
1479 Alright, forget what you think you know.
1480
1481 371
1482 00:16:08,520 ~-~-> 00:16:10,890
1483 Now, if you are one that likes to dabble
1484
1485 372
1486 00:16:10,890 ~-~-> 00:16:13,140
1487 in other people's methods and or
1488
1489 373
1490 00:16:13,140 ~-~-> 00:16:16,350
1491 resources, and you like to blend, well,
1492
1493 374
1494 00:16:16,380 ~-~-> 00:16:18,510
1495 that ain't gonna work with me. Okay? So
1496
1497 375
1498 00:16:18,990 ~-~-> 00:16:20,490
1499 it's going to require you to empty the
1500
1501 376
1502 00:16:20,490 ~-~-> 00:16:24,000
1503 glass, okay? or forget it all together.
1504
1505 377
1506 00:16:24,360 ~-~-> 00:16:26,190
1507 Because if you come into my material and
1508
1509 378
1510 00:16:26,190 ~-~-> 00:16:27,720
1511 you want to cherry pick, you aren't
1512
1513 379
1514 00:16:27,720 ~-~-> 00:16:30,630
1515 going to get the benefit of the full
1516
1517 380
1518 00:16:30,630 ~-~-> 00:16:33,990
1519 immersion that's required to get the
1520
1521 381
1522 00:16:34,170 ~-~-> 00:16:37,080
1523 macro view down to the micro view. Okay?
1524
1525 382
1526 00:16:37,290 ~-~-> 00:16:40,350
1527 And by having this willingness on your
1528
1529 383
1530 00:16:40,350 ~-~-> 00:16:42,270
1531 part to just simply let go of everything
1532
1533 384
1534 00:16:42,270 ~-~-> 00:16:44,220
1535 you think, you know, okay, and I
1536
1537 385
1538 00:16:44,220 ~-~-> 00:16:48,420
1539 understand it can be hard, okay, but I
1540
1541 386
1542 00:16:48,420 ~-~-> 00:16:52,230
1543 can't stress it enough that it took a
1544
1545 387
1546 00:16:52,230 ~-~-> 00:16:55,200
1547 lot for me to undo a lot of the things I
1548
1549 388
1550 00:16:55,200 ~-~-> 00:16:57,960
1551 learned in the beginning, I thought I
1552
1553 389
1554 00:16:58,170 ~-~-> 00:17:00,570
1555 was really being taught Find some of the
1556
1557 390
1558 00:17:00,570 ~-~-> 00:17:03,090
1559 best traders in the world by buying
1560
1561 391
1562 00:17:03,090 ~-~-> 00:17:04,500
1563 everyone's book out there, because if
1564
1565 392
1566 00:17:04,500 ~-~-> 00:17:06,420
1567 they read a book, obviously, they must
1568
1569 393
1570 00:17:06,420 ~-~-> 00:17:07,860
1571 know something that, you know, I don't?
1572
1573 394
1574 00:17:08,160 ~-~-> 00:17:10,770
1575 Well, what they did was, they knew I
1576
1577 395
1578 00:17:10,770 ~-~-> 00:17:13,230
1579 would be buying that book. And those
1580
1581 396
1582 00:17:13,230 ~-~-> 00:17:14,640
1583 particular people were making their
1584
1585 397
1586 00:17:14,640 ~-~-> 00:17:17,730
1587 living off of buying new selling books,
1588
1589 398
1590 00:17:17,730 ~-~-> 00:17:19,470
1591 like, you know, I was there, their
1592
1593 399
1594 00:17:19,470 ~-~-> 00:17:21,990
1595 customer. And I'm confident that
1596
1597 400
1598 00:17:21,990 ~-~-> 00:17:23,760
1599 majority of those authors were never
1600
1601 401
1602 00:17:23,760 ~-~-> 00:17:25,320
1603 really successful traders or even trade
1604
1605 402
1606 00:17:25,320 ~-~-> 00:17:27,990
1607 the markets ever. And I've been to
1608
1609 403
1610 00:17:27,990 ~-~-> 00:17:29,220
1611 pretty much everything that's available
1612
1613 404
1614 00:17:29,220 ~-~-> 00:17:31,500
1615 out there. And I've pretty much seen
1616
1617 405
1618 00:17:31,620 ~-~-> 00:17:33,450
1619 everything there is as it relates to
1620
1621 406
1622 00:17:33,450 ~-~-> 00:17:35,970
1623 trading, not only on the retail level,
1624
1625 407
1626 00:17:35,970 ~-~-> 00:17:37,590
1627 but on the institutional level decide
1628
1629 408
1630 00:17:37,590 ~-~-> 00:17:39,450
1631 that most people aren't really privy to.
1632
1633 409
1634 00:17:40,620 ~-~-> 00:17:42,750
1635 I spent a lot of money for my education,
1636
1637 410
1638 00:17:42,990 ~-~-> 00:17:45,390
1639 much more than I should have. And I can
1640
1641 411
1642 00:17:45,390 ~-~-> 00:17:47,400
1643 tell you, the majority of it was a waste
1644
1645 412
1646 00:17:47,400 ~-~-> 00:17:50,670
1647 of money and time. A lot of lessons I
1648
1649 413
1650 00:17:50,670 ~-~-> 00:17:52,980
1651 learned, and I did have a handful of
1652
1653 414
1654 00:17:52,980 ~-~-> 00:17:55,230
1655 mentors. No, no, don't get me wrong. And
1656
1657 415
1658 00:17:55,230 ~-~-> 00:17:57,060
1659 I have a video on the internet that
1660
1661 416
1662 00:17:57,060 ~-~-> 00:17:59,550
1663 discusses where I learned my materials
1664
1665 417
1666 00:17:59,550 ~-~-> 00:18:01,890
1667 from and How they inspired me to get
1668
1669 418
1670 00:18:01,890 ~-~-> 00:18:03,480
1671 some of the other insights I gleaned
1672
1673 419
1674 00:18:03,690 ~-~-> 00:18:04,710
1675 from just simply going to the
1676
1677 420
1678 00:18:04,710 ~-~-> 00:18:07,500
1679 marketplace on a daily basis looking for
1680
1681 421
1682 00:18:07,500 ~-~-> 00:18:10,800
1683 opportunities. But I have been through
1684
1685 422
1686 00:18:10,830 ~-~-> 00:18:13,260
1687 everything and digested everything
1688
1689 423
1690 00:18:13,260 ~-~-> 00:18:14,850
1691 that's pretty much available as it is
1692
1693 424
1694 00:18:14,850 ~-~-> 00:18:16,950
1695 now. And even still, to this day, I buy
1696
1697 425
1698 00:18:17,160 ~-~-> 00:18:19,650
1699 courses and books, simply because I have
1700
1701 426
1702 00:18:19,650 ~-~-> 00:18:21,180
1703 the resources to do it, too. I have the
1704
1705 427
1706 00:18:21,180 ~-~-> 00:18:23,070
1707 time to go through it. And three, I just
1708
1709 428
1710 00:18:23,070 ~-~-> 00:18:25,140
1711 want to see if there really is any truth
1712
1713 429
1714 00:18:25,140 ~-~-> 00:18:26,880
1715 to the scripture that says, There really
1716
1717 430
1718 00:18:26,880 ~-~-> 00:18:28,920
1719 is nothing new under the sun. And I can
1720
1721 431
1722 00:18:28,920 ~-~-> 00:18:30,540
1723 tell you, there really isn't anything
1724
1725 432
1726 00:18:30,540 ~-~-> 00:18:32,850
1727 new out there. It's just regurgitated,
1728
1729 433
1730 00:18:33,210 ~-~-> 00:18:35,490
1731 you know, for lack of a better word
1732
1733 434
1734 00:18:35,490 ~-~-> 00:18:38,370
1735 crap, okay, that hasn't worked, doesn't
1736
1737 435
1738 00:18:38,370 ~-~-> 00:18:40,710
1739 show any form of consistency. And it's
1740
1741 436
1742 00:18:40,710 ~-~-> 00:18:42,870
1743 the same old Carnival trick where they
1744
1745 437
1746 00:18:42,870 ~-~-> 00:18:44,880
1747 show things that look like they've
1748
1749 438
1750 00:18:44,880 ~-~-> 00:18:46,620
1751 worked on the left side of the chart,
1752
1753 439
1754 00:18:46,890 ~-~-> 00:18:48,990
1755 but the ability for you to find that on
1756
1757 440
1758 00:18:48,990 ~-~-> 00:18:50,430
1759 the right side of the chart is pretty
1760
1761 441
1762 00:18:50,430 ~-~-> 00:18:52,560
1763 much fleeting and far a few between.
1764
1765 442
1766 00:18:53,940 ~-~-> 00:18:57,540
1767 What I have discovered is that because
1768
1769 443
1770 00:18:57,540 ~-~-> 00:18:59,580
1771 everyone's drinking from that same well
1772
1773 444
1774 00:19:00,000 ~-~-> 00:19:03,750
1775 water sources tainted. And it wasn't
1776
1777 445
1778 00:19:03,750 ~-~-> 00:19:06,270
1779 until I took a step back and more or
1780
1781 446
1782 00:19:06,270 ~-~-> 00:19:08,850
1783 less, looked at everything backwards,
1784
1785 447
1786 00:19:09,120 ~-~-> 00:19:11,610
1787 everything became much more clear. And
1788
1789 448
1790 00:19:11,610 ~-~-> 00:19:14,040
1791 it was further confirmed when I got
1792
1793 449
1794 00:19:14,040 ~-~-> 00:19:15,930
1795 involved with folks that were much, much
1796
1797 450
1798 00:19:15,930 ~-~-> 00:19:19,950
1799 more knowledgeable than I am. And they
1800
1801 451
1802 00:19:19,980 ~-~-> 00:19:23,460
1803 pretty much tapped me into a perspective
1804
1805 452
1806 00:19:23,490 ~-~-> 00:19:24,930
1807 and looking at the marketplace. It's
1808
1809 453
1810 00:19:24,930 ~-~-> 00:19:27,570
1811 completely and utterly unique. If you
1812
1813 454
1814 00:19:27,570 ~-~-> 00:19:28,710
1815 look at the books, they all tell us
1816
1817 455
1818 00:19:28,710 ~-~-> 00:19:30,570
1819 where to put our stop loss. And they all
1820
1821 456
1822 00:19:30,570 ~-~-> 00:19:32,640
1823 tell us when to buy and sell. But that's
1824
1825 457
1826 00:19:32,640 ~-~-> 00:19:34,530
1827 exactly where everyone puts their trades
1828
1829 458
1830 00:19:34,530 ~-~-> 00:19:37,200
1831 on and loses. Think about it. If that's
1832
1833 459
1834 00:19:37,200 ~-~-> 00:19:39,840
1835 the case, why are we doing that? Because
1836
1837 460
1838 00:19:39,840 ~-~-> 00:19:42,150
1839 you're being trained like a good sheep
1840
1841 461
1842 00:19:42,810 ~-~-> 00:19:45,270
1843 to go out and get slaughtered. Think
1844
1845 462
1846 00:19:45,270 ~-~-> 00:19:47,280
1847 about it. That's what's been going on
1848
1849 463
1850 00:19:47,280 ~-~-> 00:19:49,770
1851 all along. But nobody is willing to
1852
1853 464
1854 00:19:49,770 ~-~-> 00:19:52,890
1855 admit what's been set up all along. You
1856
1857 465
1858 00:19:52,890 ~-~-> 00:19:56,100
1859 are being programmed to lose money. It's
1860
1861 466
1862 00:19:56,100 ~-~-> 00:20:00,810
1863 my goal to really shock you Because I
1864
1865 467
1866 00:20:00,810 ~-~-> 00:20:02,490
1867 don't want you going into thinking that
1868
1869 468
1870 00:20:02,490 ~-~-> 00:20:04,680
1871 this business was created, okay for you
1872
1873 469
1874 00:20:04,680 ~-~-> 00:20:06,090
1875 to come in and make money. It's not.
1876
1877 470
1878 00:20:06,600 ~-~-> 00:20:07,980
1879 This was not designed for you to come in
1880
1881 471
1882 00:20:07,980 ~-~-> 00:20:11,130
1883 and make money. This is a playground for
1884
1885 472
1886 00:20:11,130 ~-~-> 00:20:14,220
1887 the banks, and you are sheep for the
1888
1889 473
1890 00:20:14,220 ~-~-> 00:20:16,440
1891 slaughter. If you understand how the
1892
1893 474
1894 00:20:16,440 ~-~-> 00:20:18,990
1895 banks operate, how the dealers operate,
1896
1897 475
1898 00:20:19,050 ~-~-> 00:20:20,790
1899 how the market makers manipulate the
1900
1901 476
1902 00:20:20,790 ~-~-> 00:20:23,190
1903 marketplace, you can ride on their
1904
1905 477
1906 00:20:23,190 ~-~-> 00:20:25,890
1907 coattails. But I don't want you thinking
1908
1909 478
1910 00:20:26,220 ~-~-> 00:20:28,380
1911 simply because you've read a book, or
1912
1913 479
1914 00:20:28,380 ~-~-> 00:20:30,090
1915 you bought a course or you went to a
1916
1917 480
1918 00:20:30,090 ~-~-> 00:20:31,860
1919 workshop or you went to a seminar, I
1920
1921 481
1922 00:20:31,860 ~-~-> 00:20:33,720
1923 don't care how much you paid for it, how
1924
1925 482
1926 00:20:33,720 ~-~-> 00:20:36,870
1927 good the mentors are. Don't think that
1928
1929 483
1930 00:20:36,870 ~-~-> 00:20:38,760
1931 that's all you're going to require to go
1932
1933 484
1934 00:20:38,760 ~-~-> 00:20:40,770
1935 in here and start making money. You need
1936
1937 485
1938 00:20:40,770 ~-~-> 00:20:42,630
1939 to have a little bit more information
1940
1941 486
1942 00:20:42,660 ~-~-> 00:20:44,610
1943 and sometimes a peek behind the curtain.
1944
1945 487
1946 00:20:45,210 ~-~-> 00:20:46,980
1947 And I'm pretty much the only one in the
1948
1949 488
1950 00:20:46,980 ~-~-> 00:20:48,390
1951 internet that really breaks it down in
1952
1953 489
1954 00:20:48,390 ~-~-> 00:20:51,120
1955 such a way where a it does sound like
1956
1957 490
1958 00:20:51,120 ~-~-> 00:20:53,190
1959 conspiracy theory, but to I can back it
1960
1961 491
1962 00:20:53,190 ~-~-> 00:20:56,700
1963 up with how the price moves, how, why it
1964
1965 492
1966 00:20:56,700 ~-~-> 00:20:58,710
1967 moves when it moves, and how
1968
1969 493
1970 00:20:58,710 ~-~-> 00:21:01,440
1971 consistently if You know, it occurs. And
1972
1973 494
1974 00:21:01,440 ~-~-> 00:21:06,450
1975 I've developed concepts to more or less
1976
1977 495
1978 00:21:06,450 ~-~-> 00:21:08,880
1979 methodically explain how those
1980
1981 496
1982 00:21:08,880 ~-~-> 00:21:12,450
1983 individual components are stage by stage
1984
1985 497
1986 00:21:12,450 ~-~-> 00:21:15,000
1987 by stage step by step, how they unfold,
1988
1989 498
1990 00:21:15,000 ~-~-> 00:21:17,640
1991 what sets it up, why it's unfolding. And
1992
1993 499
1994 00:21:17,640 ~-~-> 00:21:19,440
1995 it really, when people are watching my
1996
1997 500
1998 00:21:19,440 ~-~-> 00:21:21,060
1999 videos and some of my analysis concepts
2000
2001 501
2002 00:21:21,060 ~-~-> 00:21:23,910
2003 that are before the fact, it blows them
2004
2005 502
2006 00:21:23,910 ~-~-> 00:21:25,260
2007 away, and I don't mean again, I'm not
2008
2009 503
2010 00:21:25,260 ~-~-> 00:21:27,090
2011 trying to be pompous. But it's just
2012
2013 504
2014 00:21:27,150 ~-~-> 00:21:29,730
2015 that's the shock value. When you
2016
2017 505
2018 00:21:29,730 ~-~-> 00:21:32,310
2019 understand how the markets trade, when
2020
2021 506
2022 00:21:32,310 ~-~-> 00:21:33,540
2023 you are involved with someone that
2024
2025 507
2026 00:21:33,540 ~-~-> 00:21:35,400
2027 really knows what goes on behind the
2028
2029 508
2030 00:21:35,400 ~-~-> 00:21:38,250
2031 scenes, if you will. It's very, very
2032
2033 509
2034 00:21:38,250 ~-~-> 00:21:39,930
2035 exciting when you see the things that
2036
2037 510
2038 00:21:39,930 ~-~-> 00:21:44,700
2039 are discussed as probable reactions or
2040
2041 511
2042 00:21:44,700 ~-~-> 00:21:47,040
2043 expectations and it unfolds to the tee.
2044
2045 512
2046 00:21:47,460 ~-~-> 00:21:49,140
2047 It's very impressive to neophyte and
2048
2049 513
2050 00:21:49,140 ~-~-> 00:21:52,080
2051 layman's and sometimes to even traders
2052
2053 514
2054 00:21:52,080 ~-~-> 00:21:53,730
2055 that have been around for a while, the
2056
2057 515
2058 00:21:53,730 ~-~-> 00:21:55,650
2059 level of precision that are that's
2060
2061 516
2062 00:21:55,650 ~-~-> 00:21:57,600
2063 acquired, okay with these skill sets.
2064
2065 517
2066 00:21:57,780 ~-~-> 00:22:00,780
2067 It's again equally if not more
2068
2069 518
2070 00:22:00,840 ~-~-> 00:22:02,310
2071 impressive to those because they
2072
2073 519
2074 00:22:02,310 ~-~-> 00:22:03,750
2075 understand how hard it is for them to,
2076
2077 520
2078 00:22:03,960 ~-~-> 00:22:06,630
2079 to, to, to pull money out of the
2080
2081 521
2082 00:22:06,630 ~-~-> 00:22:08,580
2083 marketplace. As a new trader, you really
2084
2085 522
2086 00:22:08,580 ~-~-> 00:22:10,170
2087 don't know that you think it's like
2088
2089 523
2090 00:22:10,170 ~-~-> 00:22:11,340
2091 going out and pulling an apple off the
2092
2093 524
2094 00:22:11,340 ~-~-> 00:22:13,470
2095 tree. Okay, or pulling, you know, a
2096
2097 525
2098 00:22:13,500 ~-~-> 00:22:15,300
2099 stack of 50 out of the money tree you
2100
2101 526
2102 00:22:15,300 ~-~-> 00:22:17,190
2103 think is existing in the Forex market.
2104
2105 527
2106 00:22:18,060 ~-~-> 00:22:20,820
2107 You're just seeing through roast, rose
2108
2109 528
2110 00:22:20,820 ~-~-> 00:22:22,830
2111 colored glasses, everything looks the
2112
2113 529
2114 00:22:22,830 ~-~-> 00:22:24,600
2115 same to you and it looks like you know,
2116
2117 530
2118 00:22:24,630 ~-~-> 00:22:28,260
2119 easy money. If you don't have a plan, I
2120
2121 531
2122 00:22:28,260 ~-~-> 00:22:30,060
2123 guarantee it's gonna be a nightmare for
2124
2125 532
2126 00:22:30,060 ~-~-> 00:22:31,830
2127 you. Okay, and we're going to build on
2128
2129 533
2130 00:22:31,830 ~-~-> 00:22:33,390
2131 that as we go. But I want you to
2132
2133 534
2134 00:22:33,390 ~-~-> 00:22:35,250
2135 understand right now where you're at on
2136
2137 535
2138 00:22:35,250 ~-~-> 00:22:36,900
2139 the food chain and how you're going to
2140
2141 536
2142 00:22:36,900 ~-~-> 00:22:38,280
2143 be able to move yourself from being
2144
2145 537
2146 00:22:38,280 ~-~-> 00:22:44,760
2147 sheep to a predator. Okay, and now
2148
2149 538
2150 00:22:44,760 ~-~-> 00:22:46,380
2151 officially, I want to welcome you to
2152
2153 539
2154 00:22:46,380 ~-~-> 00:22:48,420
2155 your new beginning because we are about
2156
2157 540
2158 00:22:48,420 ~-~-> 00:22:51,810
2159 to set some ground rules for you. And I
2160
2161 541
2162 00:22:51,810 ~-~-> 00:22:54,570
2163 understand that we as human beings don't
2164
2165 542
2166 00:22:54,570 ~-~-> 00:22:57,720
2167 necessarily like rules and if you look
2168
2169 543
2170 00:22:57,720 ~-~-> 00:23:00,810
2171 at the signs that put on To your next
2172
2173 544
2174 00:23:00,810 ~-~-> 00:23:02,940
2175 door neighbor's lawn, they'll say please
2176
2177 545
2178 00:23:02,940 ~-~-> 00:23:04,350
2179 don't walk on our lawn, and you're
2180
2181 546
2182 00:23:04,350 ~-~-> 00:23:05,730
2183 walking your dog and what do you want to
2184
2185 547
2186 00:23:05,730 ~-~-> 00:23:07,590
2187 do? You want your dog to go walk across
2188
2189 548
2190 00:23:07,590 ~-~-> 00:23:09,540
2191 the lawn, or you want to step on that
2192
2193 549
2194 00:23:09,540 ~-~-> 00:23:11,400
2195 lawn inherently, that's our nature. We
2196
2197 550
2198 00:23:11,400 ~-~-> 00:23:12,570
2199 want to do the very things we're not
2200
2201 551
2202 00:23:12,570 ~-~-> 00:23:15,810
2203 supposed to do. Okay? I want you to
2204
2205 552
2206 00:23:15,810 ~-~-> 00:23:19,260
2207 leave your ego at the door. Okay? Don't
2208
2209 553
2210 00:23:19,680 ~-~-> 00:23:22,440
2211 Don't judge me. Don't judge the material
2212
2213 554
2214 00:23:22,440 ~-~-> 00:23:25,440
2215 until you've gone through it. And don't
2216
2217 555
2218 00:23:25,440 ~-~-> 00:23:27,510
2219 think that you're something that you
2220
2221 556
2222 00:23:27,510 ~-~-> 00:23:30,780
2223 really aren't. Okay? I'm not impressed
2224
2225 557
2226 00:23:30,780 ~-~-> 00:23:32,640
2227 by people sending me an email saying
2228
2229 558
2230 00:23:32,640 ~-~-> 00:23:34,560
2231 that they've been trading for x y years.
2232
2233 559
2234 00:23:34,980 ~-~-> 00:23:39,480
2235 And they've been doing XYZ of trading
2236
2237 560
2238 00:23:39,480 ~-~-> 00:23:40,980
2239 method and it does this and it does
2240
2241 561
2242 00:23:40,980 ~-~-> 00:23:41,340
2243 that.
2244
2245 562
2246 00:23:42,810 ~-~-> 00:23:44,280
2247 I'm not interested in if you if you're
2248
2249 563
2250 00:23:44,280 ~-~-> 00:23:47,460
2251 that type of person. Okay. Again, I'm
2252
2253 564
2254 00:23:47,460 ~-~-> 00:23:49,050
2255 not in this for you to teach me
2256
2257 565
2258 00:23:49,050 ~-~-> 00:23:51,390
2259 anything. Okay. I'm in the business of
2260
2261 566
2262 00:23:51,540 ~-~-> 00:23:54,120
2263 sharing my experience with you. And it's
2264
2265 567
2266 00:23:54,150 ~-~-> 00:23:55,920
2267 because is going to be an exchange
2268
2269 568
2270 00:23:55,920 ~-~-> 00:23:58,470
2271 hopefully in time. I want your story. I
2272
2273 569
2274 00:23:58,470 ~-~-> 00:24:00,450
2275 want your success story. I want you to
2276
2277 570
2278 00:24:00,450 ~-~-> 00:24:02,370
2279 share it with me. That's why I share my
2280
2281 571
2282 00:24:02,430 ~-~-> 00:24:05,130
2283 real email addresses with you. I spent a
2284
2285 572
2286 00:24:05,130 ~-~-> 00:24:06,780
2287 lot of time because my interest is
2288
2289 573
2290 00:24:06,780 ~-~-> 00:24:11,040
2291 really pegged to what you do with this
2292
2293 574
2294 00:24:11,040 ~-~-> 00:24:13,020
2295 information. And I want you to be a
2296
2297 575
2298 00:24:13,020 ~-~-> 00:24:14,580
2299 blessing to someone else in the future.
2300
2301 576
2302 00:24:14,790 ~-~-> 00:24:16,350
2303 I don't want any money from you. I'm not
2304
2305 577
2306 00:24:16,350 ~-~-> 00:24:18,960
2307 charging any any subscription fees are
2308
2309 578
2310 00:24:18,960 ~-~-> 00:24:21,030
2311 any, I'm not selling you. webinars and
2312
2313 579
2314 00:24:21,030 ~-~-> 00:24:23,100
2315 seminars and books and all this. I'm not
2316
2317 580
2318 00:24:23,100 ~-~-> 00:24:25,290
2319 doing those things. What I'm doing is
2320
2321 581
2322 00:24:25,290 ~-~-> 00:24:28,500
2323 I'm exchanging a relationship for a
2324
2325 582
2326 00:24:28,500 ~-~-> 00:24:31,770
2327 future reward. That's what I want. I
2328
2329 583
2330 00:24:31,770 ~-~-> 00:24:33,240
2331 want to know what you did with this
2332
2333 584
2334 00:24:33,240 ~-~-> 00:24:35,280
2335 information to help someone else it may
2336
2337 585
2338 00:24:35,280 ~-~-> 00:24:37,470
2339 be helped them buy a house, it may be
2340
2341 586
2342 00:24:37,980 ~-~-> 00:24:39,600
2343 you buy them groceries, it may be
2344
2345 587
2346 00:24:39,840 ~-~-> 00:24:41,940
2347 helping someone that lost the job get
2348
2349 588
2350 00:24:41,970 ~-~-> 00:24:44,880
2351 you reestablished, okay, or it may be
2352
2353 589
2354 00:24:44,880 ~-~-> 00:24:49,260
2355 just, you know, giving to a charity and
2356
2357 590
2358 00:24:49,260 ~-~-> 00:24:51,630
2359 helping you know, someone that's less
2360
2361 591
2362 00:24:51,630 ~-~-> 00:24:54,480
2363 fortunate than you are. Okay, and in
2364
2365 592
2366 00:24:54,540 ~-~-> 00:24:56,550
2367 that, to me is what we've been placed on
2368
2369 593
2370 00:24:56,550 ~-~-> 00:24:59,490
2371 this earth for to help our neighbors
2372
2373 594
2374 00:24:59,700 ~-~-> 00:25:03,330
2375 okay. and treat everyone like they're
2376
2377 595
2378 00:25:03,330 ~-~-> 00:25:05,520
2379 our family. And that's that's the motive
2380
2381 596
2382 00:25:05,520 ~-~-> 00:25:07,230
2383 for me doing all this. Okay, I get
2384
2385 597
2386 00:25:07,230 ~-~-> 00:25:08,580
2387 questions all the time. Why am I doing
2388
2389 598
2390 00:25:08,580 ~-~-> 00:25:10,080
2391 this? Why am I spending so much time
2392
2393 599
2394 00:25:10,500 ~-~-> 00:25:12,570
2395 doing these things without any monetary
2396
2397 600
2398 00:25:12,570 ~-~-> 00:25:17,550
2399 exchange, I get more return with thank
2400
2401 601
2402 00:25:17,550 ~-~-> 00:25:19,050
2403 yous, because that's really all I'm
2404
2405 602
2406 00:25:19,050 ~-~-> 00:25:20,700
2407 looking for is the thank you and the
2408
2409 603
2410 00:25:20,700 ~-~-> 00:25:23,580
2411 future story of your success. I get more
2412
2413 604
2414 00:25:23,580 ~-~-> 00:25:25,410
2415 from that than you could ever do. Give
2416
2417 605
2418 00:25:25,410 ~-~-> 00:25:28,380
2419 me money. I don't need your money. I
2420
2421 606
2422 00:25:28,380 ~-~-> 00:25:30,990
2423 don't want your money, your your story
2424
2425 607
2426 00:25:31,020 ~-~-> 00:25:33,270
2427 and your inspiration, okay, that you
2428
2429 608
2430 00:25:33,270 ~-~-> 00:25:35,670
2431 share with me and I've had a lot of
2432
2433 609
2434 00:25:35,670 ~-~-> 00:25:37,440
2435 individuals Give me that over the last
2436
2437 610
2438 00:25:37,890 ~-~-> 00:25:42,060
2439 17 years of teaching. Okay. I've had a
2440
2441 611
2442 00:25:42,060 ~-~-> 00:25:43,710
2443 lot of relationships on the internet.
2444
2445 612
2446 00:25:43,920 ~-~-> 00:25:46,500
2447 And many times I'm brought to tears with
2448
2449 613
2450 00:25:46,530 ~-~-> 00:25:53,040
2451 the you the sheer inspiration that has
2452
2453 614
2454 00:25:53,580 ~-~-> 00:25:56,310
2455 been given to me by those that have done
2456
2457 615
2458 00:25:56,340 ~-~-> 00:25:57,810
2459 the things I was hoping they would do
2460
2461 616
2462 00:25:57,810 ~-~-> 00:25:59,880
2463 with this information. And I guess, I
2464
2465 617
2466 00:25:59,880 ~-~-> 00:26:01,260
2467 think seen some people go out and try to
2468
2469 618
2470 00:26:01,260 ~-~-> 00:26:04,110
2471 put it in, insert into things and sell
2472
2473 619
2474 00:26:04,110 ~-~-> 00:26:07,260
2475 it. And when I find out who they are, I
2476
2477 620
2478 00:26:07,260 ~-~-> 00:26:08,820
2479 go in and I try to tear down their,
2480
2481 621
2482 00:26:09,000 ~-~-> 00:26:10,710
2483 their business model because I'll make
2484
2485 622
2486 00:26:10,710 ~-~-> 00:26:13,140
2487 available, you know my time and tear
2488
2489 623
2490 00:26:13,140 ~-~-> 00:26:15,870
2491 down their, their, their their business
2492
2493 624
2494 00:26:15,870 ~-~-> 00:26:17,790
2495 plan to try to take what I give away for
2496
2497 625
2498 00:26:17,790 ~-~-> 00:26:21,660
2499 free, I go out and I more or less cut
2500
2501 626
2502 00:26:21,660 ~-~-> 00:26:24,360
2503 your throat to do it for free, and take
2504
2505 627
2506 00:26:24,360 ~-~-> 00:26:26,040
2507 away their paying subscribers and just
2508
2509 628
2510 00:26:26,400 ~-~-> 00:26:29,730
2511 welcome him into our fold as as you
2512
2513 629
2514 00:26:29,730 ~-~-> 00:26:32,700
2515 know, free members, there's no there's
2516
2517 630
2518 00:26:32,700 ~-~-> 00:26:34,920
2519 no charging of anything with me. And I
2520
2521 631
2522 00:26:34,920 ~-~-> 00:26:36,240
2523 don't again because I don't need your
2524
2525 632
2526 00:26:36,240 ~-~-> 00:26:38,730
2527 money. And I'm thankful for all those
2528
2529 633
2530 00:26:38,730 ~-~-> 00:26:41,490
2531 that take part in the currency that I've
2532
2533 634
2534 00:26:41,490 ~-~-> 00:26:43,860
2535 adopted for doing this, which is your
2536
2537 635
2538 00:26:43,980 ~-~-> 00:26:46,680
2539 thank yous and your stories of
2540
2541 636
2542 00:26:46,740 ~-~-> 00:26:48,210
2543 inspiration which you've done with the
2544
2545 637
2546 00:26:48,210 ~-~-> 00:26:52,560
2547 information. But there's something I
2548
2549 638
2550 00:26:52,560 ~-~-> 00:26:54,900
2551 want us all to understand going into
2552
2553 639
2554 00:26:54,900 ~-~-> 00:26:56,880
2555 this as a trader. It's going to be
2556
2557 640
2558 00:26:56,880 ~-~-> 00:26:58,320
2559 important to understand what type of
2560
2561 641
2562 00:26:58,320 ~-~-> 00:27:00,600
2563 trader you are and as trying to come up
2564
2565 642
2566 00:27:00,630 ~-~-> 00:27:03,300
2567 with some understanding of some internal
2568
2569 643
2570 00:27:03,300 ~-~-> 00:27:05,580
2571 dialogue, you need to ask yourself a lot
2572
2573 644
2574 00:27:05,580 ~-~-> 00:27:07,740
2575 of questions that are specific to
2576
2577 645
2578 00:27:08,010 ~-~-> 00:27:10,740
2579 developing traders. Okay. Are you
2580
2581 646
2582 00:27:10,740 ~-~-> 00:27:13,110
2583 someone that procrastinates? Okay, do
2584
2585 647
2586 00:27:13,110 ~-~-> 00:27:14,850
2587 you change your mind a lot? Does it take
2588
2589 648
2590 00:27:14,850 ~-~-> 00:27:17,250
2591 very little to change your mind? If you
2592
2593 649
2594 00:27:17,460 ~-~-> 00:27:21,510
2595 think like that, that tells you a
2596
2597 650
2598 00:27:21,510 ~-~-> 00:27:24,660
2599 specific profile of trading is going to
2600
2601 651
2602 00:27:24,660 ~-~-> 00:27:28,170
2603 suit you better than another real quick
2604
2605 652
2606 00:27:28,170 ~-~-> 00:27:30,630
2607 decision making? Are you an irritable
2608
2609 653
2610 00:27:30,630 ~-~-> 00:27:33,750
2611 person that flies off the handle real
2612
2613 654
2614 00:27:33,750 ~-~-> 00:27:36,540
2615 quick, you would be excellent scalper or
2616
2617 655
2618 00:27:36,540 ~-~-> 00:27:38,850
2619 day trader because you can see these
2620
2621 656
2622 00:27:38,850 ~-~-> 00:27:40,530
2623 minor reactions in the marketplace and
2624
2625 657
2626 00:27:40,530 ~-~-> 00:27:43,290
2627 make a decision based on that. Okay. If
2628
2629 658
2630 00:27:43,290 ~-~-> 00:27:45,510
2631 you are very slow to make a decision,
2632
2633 659
2634 00:27:45,510 ~-~-> 00:27:48,480
2635 you ponder a lot. It takes a lot of you
2636
2637 660
2638 00:27:48,480 ~-~-> 00:27:51,480
2639 know, it takes a whole lot of influence
2640
2641 661
2642 00:27:51,810 ~-~-> 00:27:53,760
2643 for you to make a decision and change
2644
2645 662
2646 00:27:53,760 ~-~-> 00:27:55,140
2647 your mind about something. You're a
2648
2649 663
2650 00:27:55,140 ~-~-> 00:27:57,300
2651 wonderful position trader, long term
2652
2653 664
2654 00:27:57,300 ~-~-> 00:28:00,210
2655 trader if you're pretty much 100 happy
2656
2657 665
2658 00:28:00,210 ~-~-> 00:28:02,760
2659 go lucky guy and or Gao and you're
2660
2661 666
2662 00:28:02,760 ~-~-> 00:28:04,830
2663 pretty much you go with the flow, you
2664
2665 667
2666 00:28:04,830 ~-~-> 00:28:07,890
2667 could be a very good swing trader. Don't
2668
2669 668
2670 00:28:08,430 ~-~-> 00:28:11,580
2671 underestimate the power of doing this
2672
2673 669
2674 00:28:11,610 ~-~-> 00:28:13,740
2675 personal study and I'm encouraging you
2676
2677 670
2678 00:28:13,740 ~-~-> 00:28:15,540
2679 to do this for a week, spend some time
2680
2681 671
2682 00:28:15,540 ~-~-> 00:28:16,980
2683 about some of the things you think about
2684
2685 672
2686 00:28:16,980 ~-~-> 00:28:18,510
2687 how you react with your family, your
2688
2689 673
2690 00:28:18,510 ~-~-> 00:28:22,050
2691 spouse, your co workers, okay? How do
2692
2693 674
2694 00:28:22,050 ~-~-> 00:28:25,170
2695 you feel about you know, all the things
2696
2697 675
2698 00:28:25,170 ~-~-> 00:28:27,660
2699 that you engage on a daily basis and the
2700
2701 676
2702 00:28:27,660 ~-~-> 00:28:29,670
2703 decision making process that you use to
2704
2705 677
2706 00:28:29,670 ~-~-> 00:28:31,320
2707 go along throughout your day? Are you
2708
2709 678
2710 00:28:31,320 ~-~-> 00:28:34,230
2711 quick, are you slow, okay, are you
2712
2713 679
2714 00:28:34,230 ~-~-> 00:28:36,510
2715 pretty much even tempered, and you
2716
2717 680
2718 00:28:36,510 ~-~-> 00:28:37,500
2719 pretty much can go
2720
2721 681
2722 00:28:38,760 ~-~-> 00:28:40,710
2723 in any environment and not really fly
2724
2725 682
2726 00:28:40,710 ~-~-> 00:28:43,350
2727 off the handle and not really get too
2728
2729 683
2730 00:28:43,350 ~-~-> 00:28:45,780
2731 lethargic about making the decision. If
2732
2733 684
2734 00:28:45,780 ~-~-> 00:28:48,120
2735 you are really balanced, that type of
2736
2737 685
2738 00:28:48,120 ~-~-> 00:28:51,000
2739 trader is, in my opinion, the best
2740
2741 686
2742 00:28:51,150 ~-~-> 00:28:53,760
2743 because he can or she can position
2744
2745 687
2746 00:28:53,760 ~-~-> 00:28:56,220
2747 trade, swing trade, short term trade day
2748
2749 688
2750 00:28:56,220 ~-~-> 00:28:58,290
2751 trade and scalp, okay? And that's really
2752
2753 689
2754 00:28:58,290 ~-~-> 00:29:00,810
2755 where we want to get to If you are an
2756
2757 690
2758 00:29:00,810 ~-~-> 00:29:02,850
2759 erratic short term thinker, you could
2760
2761 691
2762 00:29:02,850 ~-~-> 00:29:04,620
2763 start off as a scalper and a trader, but
2764
2765 692
2766 00:29:04,620 ~-~-> 00:29:07,080
2767 eventually develop into that balanced
2768
2769 693
2770 00:29:07,080 ~-~-> 00:29:08,280
2771 trader where you can trade all
2772
2773 694
2774 00:29:08,340 ~-~-> 00:29:10,200
2775 timeframes. And the same thing about
2776
2777 695
2778 00:29:10,410 ~-~-> 00:29:13,530
2779 that slow pondering decision making long
2780
2781 696
2782 00:29:13,530 ~-~-> 00:29:16,140
2783 term trader, we can give you skill sets
2784
2785 697
2786 00:29:16,140 ~-~-> 00:29:17,790
2787 to move you closer to a more balanced
2788
2789 698
2790 00:29:17,790 ~-~-> 00:29:19,290
2791 way of thinking where you can change
2792
2793 699
2794 00:29:19,440 ~-~-> 00:29:21,720
2795 your mind a little bit shorter term and
2796
2797 700
2798 00:29:21,720 ~-~-> 00:29:24,210
2799 not have to require so much in terms of
2800
2801 701
2802 00:29:25,560 ~-~-> 00:29:27,720
2803 influence to decide whether or not you
2804
2805 702
2806 00:29:27,720 ~-~-> 00:29:28,650
2807 will be buyer seller.
2808
2809 703
2810 00:29:33,930 ~-~-> 00:29:36,750
2811 Now, we're going to be requiring you to
2812
2813 704
2814 00:29:36,750 ~-~-> 00:29:39,360
2815 utilize a demo account, and I don't want
2816
2817 705
2818 00:29:39,360 ~-~-> 00:29:43,770
2819 you to misrepresent the concepts, okay,
2820
2821 706
2822 00:29:43,770 ~-~-> 00:29:48,630
2823 and share, you know, results that I'm
2824
2825 707
2826 00:29:48,630 ~-~-> 00:29:50,940
2827 not going to be impressed by. Okay. The
2828
2829 708
2830 00:29:50,940 ~-~-> 00:29:53,250
2831 demo account trading is not for you to
2832
2833 709
2834 00:29:53,250 ~-~-> 00:29:55,260
2835 send me pictures or screenshots to say,
2836
2837 710
2838 00:29:55,260 ~-~-> 00:29:57,720
2839 Look, I've made this much money on paper
2840
2841 711
2842 00:29:57,720 ~-~-> 00:29:59,280
2843 money, okay, where I made this many
2844
2845 712
2846 00:29:59,280 ~-~-> 00:30:01,980
2847 pips. Your demo account is simply for
2848
2849 713
2850 00:30:01,980 ~-~-> 00:30:04,770
2851 you to look at. Nobody is supposed to be
2852
2853 714
2854 00:30:04,770 ~-~-> 00:30:06,030
2855 looking over your shoulder right now,
2856
2857 715
2858 00:30:06,180 ~-~-> 00:30:07,710
2859 unless it's your spouse or your business
2860
2861 716
2862 00:30:07,710 ~-~-> 00:30:08,730
2863 partner that you're going to be going
2864
2865 717
2866 00:30:08,730 ~-~-> 00:30:09,960
2867 into business with later on down the
2868
2869 718
2870 00:30:09,960 ~-~-> 00:30:11,400
2871 road, if you don't have enough money to
2872
2873 719
2874 00:30:11,400 ~-~-> 00:30:14,970
2875 go into this with my funds, but I don't
2876
2877 720
2878 00:30:14,970 ~-~-> 00:30:18,690
2879 want you also to going into a demo
2880
2881 721
2882 00:30:18,690 ~-~-> 00:30:20,400
2883 account with more money than you intend
2884
2885 722
2886 00:30:20,400 ~-~-> 00:30:23,070
2887 to trade with. Okay. And that may be a
2888
2889 723
2890 00:30:23,070 ~-~-> 00:30:25,230
2891 little bit of a constraint because some
2892
2893 724
2894 00:30:25,230 ~-~-> 00:30:27,810
2895 of you may have less than $5,000 that
2896
2897 725
2898 00:30:27,810 ~-~-> 00:30:30,990
2899 you you intend to trade with. In that
2900
2901 726
2902 00:30:30,990 ~-~-> 00:30:33,480
2903 case, there's a lot of demo accounts,
2904
2905 727
2906 00:30:33,480 ~-~-> 00:30:35,850
2907 you can open up with 5000. If that's the
2908
2909 728
2910 00:30:35,850 ~-~-> 00:30:37,980
2911 case, whatever your demo account
2912
2913 729
2914 00:30:37,980 ~-~-> 00:30:40,830
2915 balances when you open it up, only trade
2916
2917 730
2918 00:30:40,830 ~-~-> 00:30:42,510
2919 with the leverage that you would be able
2920
2921 731
2922 00:30:42,510 ~-~-> 00:30:45,360
2923 to trade with using the operating x.
2924
2925 732
2926 00:30:46,080 ~-~-> 00:30:47,730
2927 Equity you would have now which if you
2928
2929 733
2930 00:30:47,730 ~-~-> 00:30:49,890
2931 only have $1,000, then that's all you
2932
2933 734
2934 00:30:49,890 ~-~-> 00:30:52,530
2935 use, regardless of how much free margin
2936
2937 735
2938 00:30:52,530 ~-~-> 00:30:54,480
2939 you have. In that demo account. You're
2940
2941 736
2942 00:30:54,480 ~-~-> 00:30:55,920
2943 not teaching yourself anything except
2944
2945 737
2946 00:30:55,920 ~-~-> 00:30:57,750
2947 for bad habits by over leveraging or
2948
2949 738
2950 00:30:57,750 ~-~-> 00:30:59,280
2951 doing things that you wouldn't be doing
2952
2953 739
2954 00:30:59,580 ~-~-> 00:31:01,320
2955 with the money. You plan to fund your
2956
2957 740
2958 00:31:01,320 ~-~-> 00:31:04,470
2959 Live account with over time. Do not
2960
2961 741
2962 00:31:05,370 ~-~-> 00:31:08,070
2963 underestimate the power of making bad
2964
2965 742
2966 00:31:08,070 ~-~-> 00:31:10,380
2967 habits form with demo account trading.
2968
2969 743
2970 00:31:10,680 ~-~-> 00:31:13,530
2971 Okay, demo account trading is given to
2972
2973 744
2974 00:31:13,530 ~-~-> 00:31:17,070
2975 you as a free tool by brokers. Now, I
2976
2977 745
2978 00:31:17,070 ~-~-> 00:31:18,810
2979 want you to think about this, why would
2980
2981 746
2982 00:31:18,810 ~-~-> 00:31:23,130
2983 they do that? Because if you went into
2984
2985 747
2986 00:31:23,130 ~-~-> 00:31:28,500
2987 this with real, real live funds, with no
2988
2989 748
2990 00:31:28,500 ~-~-> 00:31:29,580
2991 understand what you're doing, you'd lose
2992
2993 749
2994 00:31:29,580 ~-~-> 00:31:32,070
2995 your mind right away. And you would, you
2996
2997 750
2998 00:31:32,070 ~-~-> 00:31:33,240
2999 wouldn't feel good about none of it.
3000
3001 751
3002 00:31:33,390 ~-~-> 00:31:35,130
3003 Okay? Or your first losing trade, you
3004
3005 752
3006 00:31:35,130 ~-~-> 00:31:37,170
3007 would close your your trading, your
3008
3009 753
3010 00:31:37,170 ~-~-> 00:31:39,120
3011 trading can't be done with it. What
3012
3013 754
3014 00:31:39,120 ~-~-> 00:31:41,010
3015 happens is they give you a demo account,
3016
3017 755
3018 00:31:41,730 ~-~-> 00:31:43,320
3019 and you play around with a demo account
3020
3021 756
3022 00:31:43,320 ~-~-> 00:31:44,580
3023 you over leveraged, you take a million
3024
3025 757
3026 00:31:44,580 ~-~-> 00:31:47,220
3027 trades in one day, and your mind is only
3028
3029 758
3030 00:31:47,220 ~-~-> 00:31:49,440
3031 going to focus on one two good ones, the
3032
3033 759
3034 00:31:49,440 ~-~-> 00:31:51,180
3035 winning trades, and it's just like
3036
3037 760
3038 00:31:51,210 ~-~-> 00:31:54,420
3039 anything else a casino, everyone Oh,
3040
3041 761
3042 00:31:54,510 ~-~-> 00:31:57,270
3043 everyone knows that 90% of people to go
3044
3045 762
3046 00:31:57,270 ~-~-> 00:31:59,610
3047 into a casino loser money. So why do
3048
3049 763
3050 00:31:59,610 ~-~-> 00:32:01,650
3051 people go The casinos by the busloads
3052
3053 764
3054 00:32:01,650 ~-~-> 00:32:03,240
3055 they fly out to Vegas, they fly out to
3056
3057 765
3058 00:32:03,240 ~-~-> 00:32:05,520
3059 Atlantic City, they go, you know, around
3060
3061 766
3062 00:32:05,520 ~-~-> 00:32:07,950
3063 the world to you know these real high
3064
3065 767
3066 00:32:07,950 ~-~-> 00:32:11,220
3067 end casinos. Why? Because they want to
3068
3069 768
3070 00:32:11,220 ~-~-> 00:32:14,100
3071 be that one winner, they want to have
3072
3073 769
3074 00:32:14,100 ~-~-> 00:32:15,930
3075 that one winning experience. They want
3076
3077 770
3078 00:32:15,930 ~-~-> 00:32:18,990
3079 to have that, that rush of having had
3080
3081 771
3082 00:32:18,990 ~-~-> 00:32:22,830
3083 that, that that winner's mentality even
3084
3085 772
3086 00:32:22,830 ~-~-> 00:32:24,720
3087 if it's just for one time they want that
3088
3089 773
3090 00:32:24,720 ~-~-> 00:32:27,030
3091 excitement, the what if it does happen
3092
3093 774
3094 00:32:27,030 ~-~-> 00:32:29,790
3095 factor? Well, I don't want you to have
3096
3097 775
3098 00:32:29,790 ~-~-> 00:32:32,520
3099 in that as a trader, especially as a
3100
3101 776
3102 00:32:32,520 ~-~-> 00:32:33,630
3103 developing trader, I want you to
3104
3105 777
3106 00:32:33,630 ~-~-> 00:32:36,000
3107 understand that you are a losing trader
3108
3109 778
3110 00:32:36,030 ~-~-> 00:32:37,740
3111 every single time you put a trade on.
3112
3113 779
3114 00:32:38,610 ~-~-> 00:32:41,490
3115 Every trader is a losing trader. As soon
3116
3117 780
3118 00:32:41,490 ~-~-> 00:32:43,590
3119 as they click the execution, when they
3120
3121 781
3122 00:32:43,620 ~-~-> 00:32:45,570
3123 click to get into that market. They are
3124
3125 782
3126 00:32:45,570 ~-~-> 00:32:48,900
3127 a loser from the beginning. Okay. And we
3128
3129 783
3130 00:32:48,900 ~-~-> 00:32:50,130
3131 all have to trade out of that losing
3132
3133 784
3134 00:32:50,130 ~-~-> 00:32:52,140
3135 position. And how well we're able to do
3136
3137 785
3138 00:32:52,140 ~-~-> 00:32:54,930
3139 that defines our longevity and our
3140
3141 786
3142 00:32:54,930 ~-~-> 00:32:57,450
3143 career as a trader. Treat the demo
3144
3145 787
3146 00:32:57,450 ~-~-> 00:32:59,790
3147 account like it's your business equity.
3148
3149 788
3150 00:33:04,259 ~-~-> 00:33:06,089
3151 All right now it's time to be honest.
3152
3153 789
3154 00:33:06,719 ~-~-> 00:33:07,889
3155 Now, you've probably been playing with
3156
3157 790
3158 00:33:07,889 ~-~-> 00:33:10,409
3159 the $50,000 demo account and he's over
3160
3161 791
3162 00:33:10,409 ~-~-> 00:33:13,109
3163 traded you over leveraged, just to see
3164
3165 792
3166 00:33:13,109 ~-~-> 00:33:15,659
3167 what happens. Now, when you get these
3168
3169 793
3170 00:33:15,659 ~-~-> 00:33:17,789
3171 emotional charges from doing that, what
3172
3173 794
3174 00:33:17,789 ~-~-> 00:33:20,459
3175 it's doing is mentally reinforcing the
3176
3177 795
3178 00:33:20,459 ~-~-> 00:33:22,859
3179 depth the goal, you want to feel good
3180
3181 796
3182 00:33:22,859 ~-~-> 00:33:25,619
3183 about the trading. That's not how you
3184
3185 797
3186 00:33:25,619 ~-~-> 00:33:27,629
3187 develop as a trader, you want to remove
3188
3189 798
3190 00:33:27,629 ~-~-> 00:33:29,699
3191 the emotion. You don't want to have
3192
3193 799
3194 00:33:29,699 ~-~-> 00:33:32,789
3195 emotional attachment to the trades. Take
3196
3197 800
3198 00:33:32,819 ~-~-> 00:33:35,219
3199 the emotion out by keeping the leverage
3200
3201 801
3202 00:33:35,279 ~-~-> 00:33:37,709
3203 low. It's not about making a lot of
3204
3205 802
3206 00:33:37,709 ~-~-> 00:33:39,869
3207 money fast. It's about making consistent
3208
3209 803
3210 00:33:40,049 ~-~-> 00:33:43,889
3211 money over time. I promise you as we
3212
3213 804
3214 00:33:43,889 ~-~-> 00:33:46,439
3215 work towards the end goal here, you'll
3216
3217 805
3218 00:33:46,439 ~-~-> 00:33:48,299
3219 see very quickly that you only need a
3220
3221 806
3222 00:33:48,299 ~-~-> 00:33:51,119
3223 small amount of equity, a small amount
3224
3225 807
3226 00:33:51,119 ~-~-> 00:33:53,699
3227 of return and a lot of consistency and
3228
3229 808
3230 00:33:53,699 ~-~-> 00:33:55,349
3231 to do very, very well. And it doesn't
3232
3233 809
3234 00:33:55,349 ~-~-> 00:33:56,729
3235 take a whole lot of effort really or
3236
3237 810
3238 00:33:56,729 ~-~-> 00:33:59,099
3239 work to be consistent, but it does take
3240
3241 811
3242 00:33:59,099 ~-~-> 00:34:01,049
3243 a lot of patience. Okay, and is it going
3244
3245 812
3246 00:34:01,049 ~-~-> 00:34:03,149
3247 to be a paradigm shift, it's going to be
3248
3249 813
3250 00:34:03,149 ~-~-> 00:34:05,399
3251 needed. Okay, for some of you have that
3252
3253 814
3254 00:34:05,399 ~-~-> 00:34:06,929
3255 have already wasted a lot of time
3256
3257 815
3258 00:34:07,169 ~-~-> 00:34:09,179
3259 playing around in demo account. Okay?
3260
3261 816
3262 00:34:09,329 ~-~-> 00:34:11,399
3263 Forget all that nonsense. You need to
3264
3265 817
3266 00:34:11,399 ~-~-> 00:34:12,629
3267 understand that this is going to be an
3268
3269 818
3270 00:34:12,629 ~-~-> 00:34:15,599
3271 expensive journey. You need to forget
3272
3273 819
3274 00:34:15,599 ~-~-> 00:34:17,339
3275 your ego, take all those things and
3276
3277 820
3278 00:34:17,369 ~-~-> 00:34:20,069
3279 leave it at the door. You are a new
3280
3281 821
3282 00:34:20,369 ~-~-> 00:34:22,859
3283 trader, you're a completely blank slate.
3284
3285 822
3286 00:34:23,369 ~-~-> 00:34:25,679
3287 And your demo account is representative
3288
3289 823
3290 00:34:25,709 ~-~-> 00:34:27,839
3291 of the decision making process that you
3292
3293 824
3294 00:34:27,869 ~-~-> 00:34:30,839
3295 are going to develop as a new trader,
3296
3297 825
3298 00:34:31,289 ~-~-> 00:34:32,789
3299 and how you interact with the
3300
3301 826
3302 00:34:32,789 ~-~-> 00:34:35,039
3303 marketplace based on the equity that you
3304
3305 827
3306 00:34:35,039 ~-~-> 00:34:37,499
3307 intend to trade with, and the leverage
3308
3309 828
3310 00:34:37,499 ~-~-> 00:34:40,619
3311 that's used with sound risk management
3312
3313 829
3314 00:34:40,649 ~-~-> 00:34:48,389
3315 and money management. Now, obviously,
3316
3317 830
3318 00:34:48,389 ~-~-> 00:34:49,649
3319 you just heard me say we're not trying
3320
3321 831
3322 00:34:49,649 ~-~-> 00:34:51,089
3323 to get rich quick, because in the
3324
3325 832
3326 00:34:51,089 ~-~-> 00:34:54,029
3327 beginning, you don't run, you'll learn
3328
3329 833
3330 00:34:54,029 ~-~-> 00:34:57,479
3331 to crawl and you learn to stand. Try not
3332
3333 834
3334 00:34:57,479 ~-~-> 00:34:59,429
3335 to fall down, and when you do fall down,
3336
3337 835
3338 00:34:59,429 ~-~-> 00:35:01,379
3339 try not to get hurt. too badly. Then you
3340
3341 836
3342 00:35:01,379 ~-~-> 00:35:04,079
3343 walk and you walk briskly and then you
3344
3345 837
3346 00:35:04,079 ~-~-> 00:35:06,479
3347 can run, then eventually you can sprint.
3348
3349 838
3350 00:35:06,959 ~-~-> 00:35:08,639
3351 But all too often everyone puts their
3352
3353 839
3354 00:35:08,639 ~-~-> 00:35:10,799
3355 money in the account and they sprint and
3356
3357 840
3358 00:35:10,799 ~-~-> 00:35:12,599
3359 they just quickly lose all their money.
3360
3361 841
3362 00:35:13,379 ~-~-> 00:35:15,329
3363 You don't need a whole lot of pips don't
3364
3365 842
3366 00:35:15,329 ~-~-> 00:35:16,949
3367 think that's the that's the answer.
3368
3369 843
3370 00:35:17,009 ~-~-> 00:35:19,139
3371 Okay, I see a lot of guys that sell
3372
3373 844
3374 00:35:19,139 ~-~-> 00:35:20,699
3375 their wares on the internet that you
3376
3377 845
3378 00:35:20,969 ~-~-> 00:35:23,309
3379 know, our system makes 20,000 pips a
3380
3381 846
3382 00:35:23,309 ~-~-> 00:35:26,609
3383 year, okay, I've made 80% accuracy with
3384
3385 847
3386 00:35:26,639 ~-~-> 00:35:29,459
3387 8080 million pips in the last five
3388
3389 848
3390 00:35:29,459 ~-~-> 00:35:32,099
3391 years. You don't need a lot of pips,
3392
3393 849
3394 00:35:32,159 ~-~-> 00:35:36,059
3395 okay? If you can consistently carve out
3396
3397 850
3398 00:35:36,779 ~-~-> 00:35:41,669
3399 a specific return, a very low end
3400
3401 851
3402 00:35:41,669 ~-~-> 00:35:44,039
3403 return. Okay, mind you. If you
3404
3405 852
3406 00:35:44,039 ~-~-> 00:35:45,659
3407 consistently do that and you manage your
3408
3409 853
3410 00:35:45,659 ~-~-> 00:35:48,179
3411 money appropriately, you're going to use
3412
3413 854
3414 00:35:48,179 ~-~-> 00:35:50,849
3415 the compounding effect to build your
3416
3417 855
3418 00:35:50,849 ~-~-> 00:35:53,699
3419 equity over a period of time. And you
3420
3421 856
3422 00:35:53,699 ~-~-> 00:35:55,019
3423 don't need a whole lot of money and you
3424
3425 857
3426 00:35:55,019 ~-~-> 00:35:58,349
3427 don't need a lot of return percentage
3428
3429 858
3430 00:35:58,349 ~-~-> 00:36:01,709
3431 wise. So Discard whole, that whole
3432
3433 859
3434 00:36:01,709 ~-~-> 00:36:03,029
3435 mentality that you need a whole lot of
3436
3437 860
3438 00:36:03,029 ~-~-> 00:36:05,159
3439 pips, discard the whole, I got to trade
3440
3441 861
3442 00:36:05,159 ~-~-> 00:36:07,229
3443 every single day. That's not that's not
3444
3445 862
3446 00:36:07,289 ~-~-> 00:36:09,629
3447 essential, okay? What you need to be
3448
3449 863
3450 00:36:09,629 ~-~-> 00:36:13,049
3451 thinking is, I can do a very, very good
3452
3453 864
3454 00:36:13,049 ~-~-> 00:36:16,949
3455 career with less than several hundred
3456
3457 865
3458 00:36:16,949 ~-~-> 00:36:19,109
3459 pips per month. And I'm going to show
3460
3461 866
3462 00:36:19,109 ~-~-> 00:36:20,039
3463 you that as we go.
3464
3465 867
3466 00:36:25,950 ~-~-> 00:36:27,840
3467 Now, it's important that you stay rooted
3468
3469 868
3470 00:36:27,900 ~-~-> 00:36:30,300
3471 in the reality of who you are as a
3472
3473 869
3474 00:36:30,300 ~-~-> 00:36:33,960
3475 trader. Don't go into this with a
3476
3477 870
3478 00:36:33,960 ~-~-> 00:36:36,240
3479 development process and when soon as you
3480
3481 871
3482 00:36:36,240 ~-~-> 00:36:38,430
3483 start seeing consistency, don't let your
3484
3485 872
3486 00:36:38,430 ~-~-> 00:36:40,980
3487 head inflate. Okay, you're not, you're
3488
3489 873
3490 00:36:40,980 ~-~-> 00:36:43,440
3491 not going to get anywhere by inviting
3492
3493 874
3494 00:36:43,440 ~-~-> 00:36:46,380
3495 ego as the same thing as emotion by
3496
3497 875
3498 00:36:46,380 ~-~-> 00:36:48,390
3499 having that come into your trading and
3500
3501 876
3502 00:36:48,390 ~-~-> 00:36:51,180
3503 into that development. Okay? You're
3504
3505 877
3506 00:36:51,180 ~-~-> 00:36:54,660
3507 going to plague your development, you're
3508
3509 878
3510 00:36:54,660 ~-~-> 00:36:56,610
3511 going to you're gonna cause pitfalls,
3512
3513 879
3514 00:36:56,850 ~-~-> 00:36:58,860
3515 okay, that are just waiting to open up a
3516
3517 880
3518 00:36:58,860 ~-~-> 00:37:01,770
3519 swell you Don't go into the forums and
3520
3521 881
3522 00:37:01,770 ~-~-> 00:37:03,450
3523 measure yourself against everyone else.
3524
3525 882
3526 00:37:03,780 ~-~-> 00:37:05,580
3527 Don't go in here bragging that you've
3528
3529 883
3530 00:37:05,580 ~-~-> 00:37:08,370
3531 been, you've been a superstar student,
3532
3533 884
3534 00:37:08,400 ~-~-> 00:37:11,340
3535 okay, and you've done XYZ results with
3536
3537 885
3538 00:37:11,340 ~-~-> 00:37:12,450
3539 the information so that you know,
3540
3541 886
3542 00:37:12,450 ~-~-> 00:37:14,610
3543 therefore, you know, you're better than
3544
3545 887
3546 00:37:14,610 ~-~-> 00:37:16,680
3547 everyone else. Okay? I'm not impressed
3548
3549 888
3550 00:37:16,680 ~-~-> 00:37:18,720
3551 by that. In fact, I'll shoot you down in
3552
3553 889
3554 00:37:18,720 ~-~-> 00:37:21,480
3555 private email or a pm if I see he's
3556
3557 890
3558 00:37:21,540 ~-~-> 00:37:23,310
3559 doing it. Okay, because it's not
3560
3561 891
3562 00:37:23,310 ~-~-> 00:37:25,410
3563 beneficial to you. Nobody wants to hear
3564
3565 892
3566 00:37:25,410 ~-~-> 00:37:27,000
3567 it anyway. It doesn't make them feel
3568
3569 893
3570 00:37:27,000 ~-~-> 00:37:28,470
3571 good about themselves. It looks
3572
3573 894
3574 00:37:28,470 ~-~-> 00:37:30,330
3575 arrogant, it looks pompous. But more
3576
3577 895
3578 00:37:30,330 ~-~-> 00:37:32,010
3579 importantly, it's detrimental to your
3580
3581 896
3582 00:37:32,010 ~-~-> 00:37:33,090
3583 development because you what you're
3584
3585 897
3586 00:37:33,090 ~-~-> 00:37:35,400
3587 doing is you're inflating your ego. You
3588
3589 898
3590 00:37:35,400 ~-~-> 00:37:38,160
3591 don't want that to happen. Okay? There.
3592
3593 899
3594 00:37:38,460 ~-~-> 00:37:40,890
3595 When you enter the marketplace, you are
3596
3597 900
3598 00:37:40,890 ~-~-> 00:37:43,680
3599 sheep every single time until you close
3600
3601 901
3602 00:37:43,680 ~-~-> 00:37:45,900
3603 the trade as a prophet. Okay, and then
3604
3605 902
3606 00:37:45,930 ~-~-> 00:37:48,000
3607 that's what makes you a predator. That's
3608
3609 903
3610 00:37:48,000 ~-~-> 00:37:51,390
3611 when you leave the sheep level of the
3612
3613 904
3614 00:37:51,390 ~-~-> 00:37:53,310
3615 food chain and you go up to the higher
3616
3617 905
3618 00:37:53,310 ~-~-> 00:37:56,610
3619 level where you're the apex predator. So
3620
3621 906
3622 00:37:56,610 ~-~-> 00:37:58,740
3623 you might think right now, okay, you
3624
3625 907
3626 00:37:58,740 ~-~-> 00:38:00,000
3627 might have the right stuff, but actually
3628
3629 908
3630 00:38:00,000 ~-~-> 00:38:02,190
3631 promise you, if you have that mentality
3632
3633 909
3634 00:38:02,250 ~-~-> 00:38:04,350
3635 and you're very egotistical, your
3636
3637 910
3638 00:38:04,350 ~-~-> 00:38:05,820
3639 tombstones already been carved out with
3640
3641 911
3642 00:38:05,820 ~-~-> 00:38:07,350
3643 your name in it, you're going to be in
3644
3645 912
3646 00:38:07,350 ~-~-> 00:38:09,420
3647 the traders graveyard, you will be in
3648
3649 913
3650 00:38:09,420 ~-~-> 00:38:11,190
3651 that graveyard of people that dust their
3652
3653 914
3654 00:38:11,190 ~-~-> 00:38:13,140
3655 account. It's going to be a matter of
3656
3657 915
3658 00:38:13,140 ~-~-> 00:38:15,210
3659 time, because you're inviting ego,
3660
3661 916
3662 00:38:15,240 ~-~-> 00:38:17,100
3663 you're inviting fear and greed and
3664
3665 917
3666 00:38:17,100 ~-~-> 00:38:18,750
3667 emotions are going to be responsible,
3668
3669 918
3670 00:38:18,900 ~-~-> 00:38:20,040
3671 okay for your downfall.
3672
3673 919
3674 00:38:25,710 ~-~-> 00:38:27,600
3675 All right, I've already said it earlier,
3676
3677 920
3678 00:38:27,840 ~-~-> 00:38:30,120
3679 but you got to relax. It doesn't take
3680
3681 921
3682 00:38:30,120 ~-~-> 00:38:33,900
3683 much. Now I know. You probably hear a
3684
3685 922
3686 00:38:33,900 ~-~-> 00:38:35,460
3687 lot of guys talking about how many pips
3688
3689 923
3690 00:38:35,460 ~-~-> 00:38:37,590
3691 they've made over the last week or two
3692
3693 924
3694 00:38:37,590 ~-~-> 00:38:40,500
3695 or today or yesterday, or the last year.
3696
3697 925
3698 00:38:42,090 ~-~-> 00:38:44,310
3699 Don't fall into that trap. Okay, don't
3700
3701 926
3702 00:38:44,310 ~-~-> 00:38:45,870
3703 fall in that trap. I'm going to show you
3704
3705 927
3706 00:38:45,870 ~-~-> 00:38:48,420
3707 how you can make less than 25 pips per
3708
3709 928
3710 00:38:48,420 ~-~-> 00:38:50,580
3711 week. And that's Yes, total for the
3712
3713 929
3714 00:38:50,580 ~-~-> 00:38:53,760
3715 whole week. Risking no more than 2% you
3716
3717 930
3718 00:38:53,760 ~-~-> 00:38:56,370
3719 can more than double your account every
3720
3721 931
3722 00:38:56,370 ~-~-> 00:38:58,980
3723 single year. Now, how do you do that?
3724
3725 932
3726 00:38:59,520 ~-~-> 00:39:02,670
3727 All you have to do Earn a measly Oh 6%
3728
3729 933
3730 00:39:02,670 ~-~-> 00:39:05,130
3731 return per month. Now, some of us that
3732
3733 934
3734 00:39:05,130 ~-~-> 00:39:06,210
3735 have been around this business for a
3736
3737 935
3738 00:39:06,210 ~-~-> 00:39:09,120
3739 while or in speculation 6% return is
3740
3741 936
3742 00:39:09,120 ~-~-> 00:39:12,510
3743 astronomical. Okay. But I know some of
3744
3745 937
3746 00:39:12,510 ~-~-> 00:39:14,340
3747 you aren't impressed by that. Because
3748
3749 938
3750 00:39:14,340 ~-~-> 00:39:15,780
3751 you're thinking, if I'm going to open up
3752
3753 939
3754 00:39:15,780 ~-~-> 00:39:18,720
3755 my account with $200, and I double it in
3756
3757 940
3758 00:39:18,720 ~-~-> 00:39:21,000
3759 a year, I'm only going to have $400 Plus
3760
3761 941
3762 00:39:21,000 ~-~-> 00:39:23,580
3763 I got to pay taxes on that money. Then
3764
3765 942
3766 00:39:23,640 ~-~-> 00:39:26,040
3767 the next year, my $400 is going to
3768
3769 943
3770 00:39:26,040 ~-~-> 00:39:28,020
3771 double to $800 How am I going to get
3772
3773 944
3774 00:39:28,020 ~-~-> 00:39:30,660
3775 rich doing that? Well, it's not about
3776
3777 945
3778 00:39:30,900 ~-~-> 00:39:32,670
3779 thinking getting rich quick. I've
3780
3781 946
3782 00:39:32,670 ~-~-> 00:39:34,470
3783 already told you that. But if you are
3784
3785 947
3786 00:39:34,470 ~-~-> 00:39:37,650
3787 able to do this, if you think like this,
3788
3789 948
3790 00:39:38,370 ~-~-> 00:39:40,200
3791 if you have $1,000 of speculative
3792
3793 949
3794 00:39:40,200 ~-~-> 00:39:43,890
3795 capital, you allow time to do its work.
3796
3797 950
3798 00:39:44,820 ~-~-> 00:39:49,020
3799 making less than 25 pips, okay. It works
3800
3801 951
3802 00:39:49,020 ~-~-> 00:39:51,090
3803 out to be about 23 pips if you do the
3804
3805 952
3806 00:39:51,090 ~-~-> 00:39:54,210
3807 math, if you do that, okay and say you
3808
3809 953
3810 00:39:54,210 ~-~-> 00:39:57,210
3811 average 25 pips, you would be turning
3812
3813 954
3814 00:39:57,210 ~-~-> 00:40:00,300
3815 that $1,000 inside of 10 years. You have
3816
3817 955
3818 00:40:00,300 ~-~-> 00:40:02,910
3819 made over a million dollars doing this
3820
3821 956
3822 00:40:02,910 ~-~-> 00:40:04,710
3823 approach. Now I'm going to ask you
3824
3825 957
3826 00:40:04,710 ~-~-> 00:40:07,110
3827 something. Do you see yourself 10 years
3828
3829 958
3830 00:40:07,110 ~-~-> 00:40:11,190
3831 from now? Okay, having a million dollars
3832
3833 959
3834 00:40:11,940 ~-~-> 00:40:13,680
3835 doing what you do know what, you know,
3836
3837 960
3838 00:40:13,680 ~-~-> 00:40:15,840
3839 going to the job as you go to work every
3840
3841 961
3842 00:40:15,840 ~-~-> 00:40:18,480
3843 single day. Do you see yourself having a
3844
3845 962
3846 00:40:18,480 ~-~-> 00:40:20,760
3847 million dollars 10 years from now? If
3848
3849 963
3850 00:40:20,760 ~-~-> 00:40:24,060
3851 that's not true, okay, then you need to
3852
3853 964
3854 00:40:24,060 ~-~-> 00:40:27,060
3855 make some changes. Ask yourself this,
3856
3857 965
3858 00:40:27,090 ~-~-> 00:40:28,770
3859 say hey, say you've been messing around
3860
3861 966
3862 00:40:28,770 ~-~-> 00:40:30,690
3863 with forex in the last couple years and
3864
3865 967
3866 00:40:30,690 ~-~-> 00:40:32,400
3867 you've never found any stride. You're
3868
3869 968
3870 00:40:32,400 ~-~-> 00:40:35,730
3871 just spinning your wheels. How can you
3872
3873 969
3874 00:40:36,750 ~-~-> 00:40:39,060
3875 feel good about what you've done with
3876
3877 970
3878 00:40:39,060 ~-~-> 00:40:40,950
3879 your time? Obviously, it's, it's
3880
3881 971
3882 00:40:40,950 ~-~-> 00:40:42,810
3883 demoralizing. And I know what that feels
3884
3885 972
3886 00:40:42,810 ~-~-> 00:40:44,220
3887 like. I've went through that I've done
3888
3889 973
3890 00:40:44,220 ~-~-> 00:40:45,810
3891 that not with forex, but with with
3892
3893 974
3894 00:40:45,810 ~-~-> 00:40:48,180
3895 futures trading. I got lucky going in
3896
3897 975
3898 00:40:48,210 ~-~-> 00:40:50,730
3899 initially, then I had to learn how to be
3900
3901 976
3902 00:40:50,730 ~-~-> 00:40:52,830
3903 a trader. Okay, because I lost money.
3904
3905 977
3906 00:40:53,250 ~-~-> 00:40:54,900
3907 And then I had to forget a lot of
3908
3909 978
3910 00:40:54,900 ~-~-> 00:40:56,940
3911 things. It's painful. That stuff's
3912
3913 979
3914 00:40:56,940 ~-~-> 00:40:59,430
3915 painful. I could have made a whole lot
3916
3917 980
3918 00:40:59,430 ~-~-> 00:41:02,160
3919 more money. Than I have now, if I would
3920
3921 981
3922 00:41:02,160 ~-~-> 00:41:03,570
3923 have known the things I'm sharing with
3924
3925 982
3926 00:41:03,570 ~-~-> 00:41:08,070
3927 you right now for free, but ego got in
3928
3929 983
3930 00:41:08,070 ~-~-> 00:41:10,410
3931 my way, and then fear game got in my
3932
3933 984
3934 00:41:10,410 ~-~-> 00:41:13,170
3935 way. And then desperation and I was, you
3936
3937 985
3938 00:41:13,170 ~-~-> 00:41:15,270
3939 know, I was I went through every
3940
3941 986
3942 00:41:15,600 ~-~-> 00:41:17,940
3943 possible scenario, but I want you to
3944
3945 987
3946 00:41:18,000 ~-~-> 00:41:21,420
3947 answer a question. If you've been a
3948
3949 988
3950 00:41:21,420 ~-~-> 00:41:25,050
3951 losing trader, I want to ask you, even
3952
3953 989
3954 00:41:25,050 ~-~-> 00:41:29,730
3955 if you only made five pips, okay? profit
3956
3957 990
3958 00:41:30,300 ~-~-> 00:41:32,340
3959 for the whole month. Wouldn't that be
3960
3961 991
3962 00:41:32,340 ~-~-> 00:41:35,010
3963 better than you have right now. Now
3964
3965 992
3966 00:41:35,010 ~-~-> 00:41:36,780
3967 imagine if you slowly build it a point
3968
3969 993
3970 00:41:36,780 ~-~-> 00:41:38,910
3971 where you can consistently make 6% a
3972
3973 994
3974 00:41:38,910 ~-~-> 00:41:41,550
3975 month and you're doubling your money
3976
3977 995
3978 00:41:41,550 ~-~-> 00:41:44,550
3979 every year. Banks right now are paying
3980
3981 996
3982 00:41:44,550 ~-~-> 00:41:47,100
3983 less than a quarter percent. If you can
3984
3985 997
3986 00:41:47,100 ~-~-> 00:41:50,400
3987 get that for a whole year, and you can
3988
3989 998
3990 00:41:50,400 ~-~-> 00:41:55,710
3991 turn 100 pips a month with 2% risk.
3992
3993 999
3994 00:41:55,980 ~-~-> 00:41:57,780
3995 You're doubling your money every single
3996
3997 1000
3998 00:41:57,780 ~-~-> 00:42:01,080
3999 year. That's phenomenal. If you did just
4000
4001 1001
4002 00:42:01,080 ~-~-> 00:42:06,420
4003 3% that's phenomenal. Okay, in terms of
4004
4005 1002
4006 00:42:06,420 ~-~-> 00:42:10,320
4007 returns, you can carve out an amazing
4008
4009 1003
4010 00:42:10,320 ~-~-> 00:42:11,970
4011 career, but it's going to take
4012
4013 1004
4014 00:42:12,060 ~-~-> 00:42:16,170
4015 discipline, consistency, and time. If
4016
4017 1005
4018 00:42:16,170 ~-~-> 00:42:19,080
4019 you haven't been consistently drawing a
4020
4021 1006
4022 00:42:19,080 ~-~-> 00:42:21,570
4023 return that's comparable to this, my
4024
4025 1007
4026 00:42:21,570 ~-~-> 00:42:24,840
4027 question is this. How are you feeling
4028
4029 1008
4030 00:42:24,840 ~-~-> 00:42:27,150
4031 now thinking that it only took this much
4032
4033 1009
4034 00:42:27,150 ~-~-> 00:42:30,300
4035 in terms of return in terms of pips as
4036
4037 1010
4038 00:42:30,300 ~-~-> 00:42:31,800
4039 well per month to be able to double
4040
4041 1011
4042 00:42:32,100 ~-~-> 00:42:33,720
4043 double your account? Did you double your
4044
4045 1012
4046 00:42:33,720 ~-~-> 00:42:35,790
4047 account last year? How about the year
4048
4049 1013
4050 00:42:35,790 ~-~-> 00:42:38,250
4051 before that? How about are you on track
4052
4053 1014
4054 00:42:38,250 ~-~-> 00:42:41,370
4055 this year to double your account? I'm
4056
4057 1015
4058 00:42:41,370 ~-~-> 00:42:42,630
4059 not teaching that you have to dump your
4060
4061 1016
4062 00:42:42,630 ~-~-> 00:42:44,640
4063 account guys on this stating that this
4064
4065 1017
4066 00:42:44,640 ~-~-> 00:42:47,460
4067 is what you can expect with very very
4068
4069 1018
4070 00:42:47,460 ~-~-> 00:42:50,190
4071 low expectations and realistic returns
4072
4073 1019
4074 00:42:50,190 ~-~-> 00:42:50,730
4075 in mind.
4076
4077 1020
4078 00:42:56,490 ~-~-> 00:42:59,700
4079 Avoid the traders graveyard guys. I want
4080
4081 1021
4082 00:42:59,700 ~-~-> 00:43:02,580
4083 to leave you with some really important
4084
4085 1022
4086 00:43:02,580 ~-~-> 00:43:03,990
4087 points here as it relates to over
4088
4089 1023
4090 00:43:03,990 ~-~-> 00:43:08,880
4091 trading and over leveraging. I've been a
4092
4093 1024
4094 00:43:08,880 ~-~-> 00:43:11,130
4095 victim of this in my trading as a
4096
4097 1025
4098 00:43:11,130 ~-~-> 00:43:13,290
4099 futures trader. I know what it's like to
4100
4101 1026
4102 00:43:13,560 ~-~-> 00:43:15,900
4103 just totally decimate your accounts. And
4104
4105 1027
4106 00:43:15,900 ~-~-> 00:43:17,820
4107 yes, I said accounts that was plural.
4108
4109 1028
4110 00:43:18,240 ~-~-> 00:43:21,690
4111 I've went through a lot of money, trying
4112
4113 1029
4114 00:43:21,690 ~-~-> 00:43:25,470
4115 to do the get rich quick stuff. And even
4116
4117 1030
4118 00:43:25,470 ~-~-> 00:43:28,320
4119 though I had a winning system, my over
4120
4121 1031
4122 00:43:28,320 ~-~-> 00:43:31,230
4123 leveraging undermined it. And it caused
4124
4125 1032
4126 00:43:31,230 ~-~-> 00:43:32,880
4127 me to get out of trades sooner than I
4128
4129 1033
4130 00:43:32,880 ~-~-> 00:43:35,400
4131 should have, or hold on to with losing
4132
4133 1034
4134 00:43:35,400 ~-~-> 00:43:37,290
4135 trades longer than I should have. And
4136
4137 1035
4138 00:43:37,290 ~-~-> 00:43:38,820
4139 what would have been a minor loss became
4140
4141 1036
4142 00:43:38,820 ~-~-> 00:43:42,660
4143 a huge loss. Okay. And that's what it's
4144
4145 1037
4146 00:43:42,660 ~-~-> 00:43:44,430
4147 all about, you know, you got to keep
4148
4149 1038
4150 00:43:44,430 ~-~-> 00:43:47,580
4151 your risk low. Keep your over leveraging
4152
4153 1039
4154 00:43:48,210 ~-~-> 00:43:49,590
4155 at bay, don't over leverage your
4156
4157 1040
4158 00:43:49,590 ~-~-> 00:43:51,930
4159 account. And you understand by the
4160
4161 1041
4162 00:43:51,930 ~-~-> 00:43:54,630
4163 previous discussion we had about having
4164
4165 1042
4166 00:43:54,630 ~-~-> 00:43:58,860
4167 25 pips or less with 2% risk. That's 6%
4168
4169 1043
4170 00:43:58,860 ~-~-> 00:44:00,630
4171 return per month. compounded over the
4172
4173 1044
4174 00:44:00,630 ~-~-> 00:44:02,370
4175 year, that's more than 100% return in
4176
4177 1045
4178 00:44:02,370 ~-~-> 00:44:05,880
4179 your account. There's no rush for you to
4180
4181 1046
4182 00:44:05,880 ~-~-> 00:44:08,580
4183 get rich quick, okay? doctors don't come
4184
4185 1047
4186 00:44:08,580 ~-~-> 00:44:10,800
4187 out of med school right away making a
4188
4189 1048
4190 00:44:10,800 ~-~-> 00:44:12,450
4191 million dollars, okay, they got to get
4192
4193 1049
4194 00:44:12,450 ~-~-> 00:44:14,250
4195 their practice started. They got to grow
4196
4197 1050
4198 00:44:14,250 ~-~-> 00:44:15,930
4199 into that field as well. But they're
4200
4201 1051
4202 00:44:15,930 ~-~-> 00:44:19,020
4203 paying an arm and a leg, no pun intended
4204
4205 1052
4206 00:44:19,500 ~-~-> 00:44:21,750
4207 for the education to get to be a
4208
4209 1053
4210 00:44:21,750 ~-~-> 00:44:24,960
4211 practitioner of medicine. You are going
4212
4213 1054
4214 00:44:24,960 ~-~-> 00:44:26,790
4215 to have to put that time in as well. And
4216
4217 1055
4218 00:44:26,790 ~-~-> 00:44:28,650
4219 you can't avoid it. And you can't make
4220
4221 1056
4222 00:44:28,650 ~-~-> 00:44:30,780
4223 shortcuts with overtrading and over
4224
4225 1057
4226 00:44:30,780 ~-~-> 00:44:33,480
4227 leveraging. It never works. Trust me.
4228
4229 1058
4230 00:44:33,690 ~-~-> 00:44:39,270
4231 Just don't do it. Now, it doesn't
4232
4233 1059
4234 00:44:39,270 ~-~-> 00:44:41,880
4235 require long hours. I know why you guys
4236
4237 1060
4238 00:44:41,880 ~-~-> 00:44:43,050
4239 think you got to be in front of charts
4240
4241 1061
4242 00:44:43,050 ~-~-> 00:44:44,160
4243 all the time. If you see this little
4244
4245 1062
4246 00:44:44,160 ~-~-> 00:44:47,220
4247 picture. That was me. That was me as a
4248
4249 1063
4250 00:44:47,220 ~-~-> 00:44:49,620
4251 new trader, okay, I would work 13 hours
4252
4253 1064
4254 00:44:49,620 ~-~-> 00:44:52,740
4255 a day, that's spend umpteen hours Okay,
4256
4257 1065
4258 00:44:52,800 ~-~-> 00:44:55,050
4259 you know, throughout the week, looking
4260
4261 1066
4262 00:44:55,050 ~-~-> 00:44:57,600
4263 at charts, and having very little sleep
4264
4265 1067
4266 00:44:57,660 ~-~-> 00:44:59,220
4267 and then going back out and going to
4268
4269 1068
4270 00:44:59,220 ~-~-> 00:45:03,990
4271 work again. So my biggest advice to you,
4272
4273 1069
4274 00:45:04,020 ~-~-> 00:45:05,910
4275 if that's what you're thinking is Don't,
4276
4277 1070
4278 00:45:06,240 ~-~-> 00:45:08,700
4279 don't think that Okay, here's what I'd
4280
4281 1071
4282 00:45:08,700 ~-~-> 00:45:10,860
4283 like you to do. I would like you to do
4284
4285 1072
4286 00:45:10,860 ~-~-> 00:45:13,620
4287 another little study. And I want you to
4288
4289 1073
4290 00:45:14,580 ~-~-> 00:45:20,190
4291 bracket out on on your charts. Mark out
4292
4293 1074
4294 00:45:20,250 ~-~-> 00:45:23,370
4295 seven in the morning, New York time, to
4296
4297 1075
4298 00:45:23,370 ~-~-> 00:45:24,690
4299 10 o'clock in the morning, New York
4300
4301 1076
4302 00:45:24,690 ~-~-> 00:45:27,540
4303 time. And I want you to mark out two
4304
4305 1077
4306 00:45:27,540 ~-~-> 00:45:29,790
4307 o'clock in the morning, New York time,
4308
4309 1078
4310 00:45:30,270 ~-~-> 00:45:32,640
4311 and four o'clock in the morning, New
4312
4313 1079
4314 00:45:32,640 ~-~-> 00:45:36,330
4315 York time, just those two little windows
4316
4317 1080
4318 00:45:36,330 ~-~-> 00:45:38,370
4319 of time. And I want you to look at what
4320
4321 1081
4322 00:45:38,520 ~-~-> 00:45:40,830
4323 takes place on a daily basis and do that
4324
4325 1082
4326 00:45:40,830 ~-~-> 00:45:44,280
4327 for a month. I want you to determine how
4328
4329 1083
4330 00:45:44,280 ~-~-> 00:45:47,220
4331 much of a move took place and what time
4332
4333 1084
4334 00:45:47,220 ~-~-> 00:45:49,920
4335 those moves began and when they ended
4336
4337 1085
4338 00:45:50,190 ~-~-> 00:45:52,620
4339 each day. And I want you to understand
4340
4341 1086
4342 00:45:52,620 ~-~-> 00:45:55,140
4343 that those three hours twice a day is
4344
4345 1087
4346 00:45:55,200 ~-~-> 00:45:57,990
4347 all you need. And you only need one of
4348
4349 1088
4350 00:45:57,990 ~-~-> 00:46:01,500
4351 those per day. Okay. You only need one
4352
4353 1089
4354 00:46:01,500 ~-~-> 00:46:05,280
4355 of those per week. You only need one of
4356
4357 1090
4358 00:46:05,280 ~-~-> 00:46:10,410
4359 those per month to make that 6%. If you
4360
4361 1091
4362 00:46:10,410 ~-~-> 00:46:13,200
4363 do, you're leveraging your risk
4364
4365 1092
4366 00:46:13,200 ~-~-> 00:46:15,720
4367 management and your trade selection
4368
4369 1093
4370 00:46:16,020 ~-~-> 00:46:18,720
4371 properly. Now think about it. How does
4372
4373 1094
4374 00:46:18,720 ~-~-> 00:46:20,940
4375 that contrast what you think right now
4376
4377 1095
4378 00:46:21,120 ~-~-> 00:46:22,410
4379 that you got to be trading every single
4380
4381 1096
4382 00:46:22,410 ~-~-> 00:46:25,560
4383 day, every session and you got to make a
4384
4385 1097
4386 00:46:25,560 ~-~-> 00:46:30,000
4387 million pips Quickly, quickly, this is
4388
4389 1098
4390 00:46:30,000 ~-~-> 00:46:31,950
4391 becoming much more reasonable and
4392
4393 1099
4394 00:46:31,950 ~-~-> 00:46:33,360
4395 realistic, don't you think?
4396
4397 1100
4398 00:46:43,380 ~-~-> 00:46:46,140
4399 Okay, let's look at a chart and discuss
4400
4401 1101
4402 00:46:46,140 ~-~-> 00:46:48,150
4403 some of the things that are beneficial
4404
4405 1102
4406 00:46:48,150 ~-~-> 00:46:51,120
4407 as a foundation to some of our materials
4408
4409 1103
4410 00:46:51,270 ~-~-> 00:46:53,070
4411 and also give you something to really
4412
4413 1104
4414 00:46:53,070 ~-~-> 00:46:55,860
4415 study on a daily basis when you're
4416
4417 1105
4418 00:46:55,860 ~-~-> 00:46:59,460
4419 looking at your charts. It's probably
4420
4421 1106
4422 00:47:00,750 ~-~-> 00:47:03,660
4423 Something you may not have noticed if
4424
4425 1107
4426 00:47:03,660 ~-~-> 00:47:05,940
4427 you're a new trader. But this chart
4428
4429 1108
4430 00:47:05,940 ~-~-> 00:47:07,140
4431 actually gives you a whole lot of
4432
4433 1109
4434 00:47:07,140 ~-~-> 00:47:09,360
4435 information just staring at the
4436
4437 1110
4438 00:47:09,360 ~-~-> 00:47:11,190
4439 candlesticks themselves and the way
4440
4441 1111
4442 00:47:11,190 ~-~-> 00:47:13,590
4443 price action moves within each swing.
4444
4445 1112
4446 00:47:14,730 ~-~-> 00:47:17,640
4447 The pattern I'm going to show you now is
4448
4449 1113
4450 00:47:18,150 ~-~-> 00:47:21,660
4451 very, very important going forward. It's
4452
4453 1114
4454 00:47:21,660 ~-~-> 00:47:23,370
4455 going to be referred to a lot in my
4456
4457 1115
4458 00:47:23,370 ~-~-> 00:47:25,380
4459 material. And it's actually the
4460
4461 1116
4462 00:47:25,380 ~-~-> 00:47:28,080
4463 framework for a lot of the price action
4464
4465 1117
4466 00:47:28,080 ~-~-> 00:47:29,730
4467 analysis concepts you're going to learn
4468
4469 1118
4470 00:47:29,730 ~-~-> 00:47:32,490
4471 through all the coursework that I'm
4472
4473 1119
4474 00:47:32,490 ~-~-> 00:47:35,010
4475 presenting here. We're going to be
4476
4477 1120
4478 00:47:35,010 ~-~-> 00:47:38,130
4479 talking about swing points, okay. And
4480
4481 1121
4482 00:47:38,130 ~-~-> 00:47:43,500
4483 swing points are really defined as such
4484
4485 1122
4486 00:47:43,500 ~-~-> 00:47:46,140
4487 we're going to show you this is one
4488
4489 1123
4490 00:47:46,140 ~-~-> 00:47:51,810
4491 candle and to the left of it will be
4492
4493 1124
4494 00:47:51,810 ~-~-> 00:47:53,760
4495 another candle and to the right of it
4496
4497 1125
4498 00:47:53,760 ~-~-> 00:47:58,320
4499 will be another okay and this is a crude
4500
4501 1126
4502 00:47:58,320 ~-~-> 00:48:02,910
4503 depiction of a swing high. Okay, swing
4504
4505 1127
4506 00:48:02,910 ~-~-> 00:48:05,610
4507 high is delineated by a lower high on
4508
4509 1128
4510 00:48:05,610 ~-~-> 00:48:08,280
4511 the left and a lower high on the right,
4512
4513 1129
4514 00:48:08,640 ~-~-> 00:48:11,760
4515 with a higher candle in the middle.
4516
4517 1130
4518 00:48:11,880 ~-~-> 00:48:15,930
4519 Okay? And you probably guessed, a swing
4520
4521 1131
4522 00:48:15,930 ~-~-> 00:48:21,870
4523 low is simply a low. Two has two higher
4524
4525 1132
4526 00:48:21,870 ~-~-> 00:48:23,850
4527 lows surrounding it. In other words, you
4528
4529 1133
4530 00:48:23,850 ~-~-> 00:48:26,070
4531 have one higher low on the left, one
4532
4533 1134
4534 00:48:26,070 ~-~-> 00:48:29,730
4535 higher low on the right. Okay? Sometimes
4536
4537 1135
4538 00:48:29,730 ~-~-> 00:48:32,250
4539 when we are in technical circles and
4540
4541 1136
4542 00:48:32,250 ~-~-> 00:48:35,160
4543 we're discussing swing points, many
4544
4545 1137
4546 00:48:35,160 ~-~-> 00:48:37,500
4547 times you'll hear a swing low
4548
4549 1138
4550 00:48:38,400 ~-~-> 00:48:42,780
4551 represented by having something like
4552
4553 1139
4554 00:48:42,780 ~-~-> 00:48:43,230
4555 this.
4556
4557 1140
4558 00:48:48,690 ~-~-> 00:48:52,590
4559 Okay, and they, in other circles, the
4560
4561 1141
4562 00:48:52,590 ~-~-> 00:48:55,770
4563 teacher or share ideas, they'll say that
4564
4565 1142
4566 00:48:55,770 ~-~-> 00:48:57,000
4567 this is a swing low because it's
4568
4569 1143
4570 00:48:57,000 ~-~-> 00:49:02,070
4571 qualified by having to hire low On the
4572
4573 1144
4574 00:49:02,070 ~-~-> 00:49:05,100
4575 right end to higher lows on the left, to
4576
4577 1145
4578 00:49:05,100 ~-~-> 00:49:08,340
4579 me, as long as we have the three bar
4580
4581 1146
4582 00:49:08,340 ~-~-> 00:49:10,830
4583 pattern here, that's sufficient enough
4584
4585 1147
4586 00:49:10,830 ~-~-> 00:49:17,190
4587 for me. And if you are relying on the
4588
4589 1148
4590 00:49:17,190 ~-~-> 00:49:19,500
4591 marketplace to give you that much time,
4592
4593 1149
4594 00:49:19,680 ~-~-> 00:49:21,150
4595 the markets already really moved away
4596
4597 1150
4598 00:49:21,150 ~-~-> 00:49:23,820
4599 from an ideal location down here for
4600
4601 1151
4602 00:49:23,820 ~-~-> 00:49:26,430
4603 entry. Okay, so what I'm teaching you is
4604
4605 1152
4606 00:49:26,430 ~-~-> 00:49:28,500
4607 I'm trying to train your eye to look at
4608
4609 1153
4610 00:49:29,040 ~-~-> 00:49:31,650
4611 where the swing points occur and how
4612
4613 1154
4614 00:49:31,650 ~-~-> 00:49:33,930
4615 they form and how you can get very, very
4616
4617 1155
4618 00:49:33,930 ~-~-> 00:49:36,990
4619 close to the reaction points where price
4620
4621 1156
4622 00:49:36,990 ~-~-> 00:49:39,420
4623 is going to be moving aggressively up or
4624
4625 1157
4626 00:49:39,450 ~-~-> 00:49:41,760
4627 down away from those particular price
4628
4629 1158
4630 00:49:41,760 ~-~-> 00:49:44,820
4631 points. So now what you want to do is
4632
4633 1159
4634 00:49:44,820 ~-~-> 00:49:45,990
4635 you want to pick out right now have an
4636
4637 1160
4638 00:49:45,990 ~-~-> 00:49:50,880
4639 Australian USD h for an hour. It's a
4640
4641 1161
4642 00:49:50,880 ~-~-> 00:49:52,950
4643 chart comprised of each candle,
4644
4645 1162
4646 00:49:53,580 ~-~-> 00:49:56,070
4647 delineating four hours worth of time,
4648
4649 1163
4650 00:49:56,190 ~-~-> 00:49:57,570
4651 okay, so in other words, every vertical
4652
4653 1164
4654 00:49:57,570 ~-~-> 00:50:00,630
4655 line, or vertical candle, represent Four
4656
4657 1165
4658 00:50:00,630 ~-~-> 00:50:03,000
4659 hours worth of time. Okay, so this is
4660
4661 1166
4662 00:50:03,000 ~-~-> 00:50:05,250
4663 the highest high in that four hour
4664
4665 1167
4666 00:50:05,250 ~-~-> 00:50:07,140
4667 period and this is the lowest low in
4668
4669 1168
4670 00:50:07,140 ~-~-> 00:50:09,270
4671 that four hour period. Okay? Now what I
4672
4673 1169
4674 00:50:09,270 ~-~-> 00:50:10,440
4675 want you to do is when you go through
4676
4677 1170
4678 00:50:10,440 ~-~-> 00:50:12,210
4679 your charts, okay, this could be in any
4680
4681 1171
4682 00:50:12,210 ~-~-> 00:50:13,800
4683 timeframe, but I use the four hour
4684
4685 1172
4686 00:50:13,800 ~-~-> 00:50:16,140
4687 simply because I like the four hour it
4688
4689 1173
4690 00:50:16,140 ~-~-> 00:50:17,610
4691 can be used for day trading, it could be
4692
4693 1174
4694 00:50:17,610 ~-~-> 00:50:19,470
4695 used for swing trading, short term
4696
4697 1175
4698 00:50:19,470 ~-~-> 00:50:21,450
4699 trading, even position trading, if you
4700
4701 1176
4702 00:50:21,450 ~-~-> 00:50:22,500
4703 know what you're looking for in terms of
4704
4705 1177
4706 00:50:22,500 ~-~-> 00:50:25,230
4707 higher level support resistance. But for
4708
4709 1178
4710 00:50:25,230 ~-~-> 00:50:26,910
4711 now, what we're going to look at is
4712
4713 1179
4714 00:50:26,910 ~-~-> 00:50:30,000
4715 we're going to discuss the importance
4716
4717 1180
4718 00:50:30,180 ~-~-> 00:50:31,560
4719 very briefly and we're going to build on
4720
4721 1181
4722 00:50:31,560 ~-~-> 00:50:35,070
4723 this obviously as we go along. But I
4724
4725 1182
4726 00:50:35,070 ~-~-> 00:50:36,990
4727 want you to notice that you have a lower
4728
4729 1183
4730 00:50:36,990 ~-~-> 00:50:40,530
4731 high to the left of this candle, and we
4732
4733 1184
4734 00:50:40,530 ~-~-> 00:50:41,940
4735 have a lower high to the right of this
4736
4737 1185
4738 00:50:41,940 ~-~-> 00:50:43,950
4739 candle. Okay, so that makes it this
4740
4741 1186
4742 00:50:44,400 ~-~-> 00:50:46,620
4743 three bar pattern lowered this candle,
4744
4745 1187
4746 00:50:46,980 ~-~-> 00:50:49,920
4747 this candle and this candle, a swing
4748
4749 1188
4750 00:50:49,920 ~-~-> 00:50:52,350
4751 high. Okay, so we're going to take that
4752
4753 1189
4754 00:50:52,350 ~-~-> 00:50:54,810
4755 swing high, and we're gonna look at two
4756
4757 1190
4758 00:50:55,470 ~-~-> 00:50:58,020
4759 price points as it relates to this.
4760
4761 1191
4762 00:51:02,460 ~-~-> 00:51:05,310
4763 Okay, see that what I've delineated here
4764
4765 1192
4766 00:51:05,310 ~-~-> 00:51:08,400
4767 is the range from the highest high and
4768
4769 1193
4770 00:51:08,400 ~-~-> 00:51:11,880
4771 the lowest low, that make up that entire
4772
4773 1194
4774 00:51:11,880 ~-~-> 00:51:15,120
4775 three bar pattern. Okay, see that this
4776
4777 1195
4778 00:51:15,120 ~-~-> 00:51:17,580
4779 is the lower of the three candles. If
4780
4781 1196
4782 00:51:17,580 ~-~-> 00:51:19,410
4783 this candle in the middle worse lower
4784
4785 1197
4786 00:51:19,410 ~-~-> 00:51:20,760
4787 than this candle on the right of the
4788
4789 1198
4790 00:51:20,760 ~-~-> 00:51:22,590
4791 three bar pattern, then I would have
4792
4793 1199
4794 00:51:22,590 ~-~-> 00:51:25,140
4795 that level noted there, but the lowest.
4796
4797 1200
4798 00:51:26,250 ~-~-> 00:51:27,510
4799 In other words in terms of the total
4800
4801 1201
4802 00:51:27,510 ~-~-> 00:51:29,130
4803 range between all three candles
4804
4805 1202
4806 00:51:29,130 ~-~-> 00:51:31,080
4807 combined, where's the highest high
4808
4809 1203
4810 00:51:31,080 ~-~-> 00:51:32,460
4811 whereas the lowest low, that's what
4812
4813 1204
4814 00:51:32,460 ~-~-> 00:51:35,220
4815 we're looking for. Okay? You want to
4816
4817 1205
4818 00:51:35,220 ~-~-> 00:51:38,100
4819 have this in your mind as you're looking
4820
4821 1206
4822 00:51:38,100 ~-~-> 00:51:40,260
4823 at your charts. Now. You're going to see
4824
4825 1207
4826 00:51:40,260 ~-~-> 00:51:42,300
4827 very quickly doing this. You could have
4828
4829 1208
4830 00:51:42,300 ~-~-> 00:51:44,850
4831 a whole lot of lines on your chart, but
4832
4833 1209
4834 00:51:45,210 ~-~-> 00:51:47,160
4835 the concept is what we're trying to
4836
4837 1210
4838 00:51:47,160 ~-~-> 00:51:49,860
4839 arrive at. So that way, when you can
4840
4841 1211
4842 00:51:49,860 ~-~-> 00:51:51,360
4843 clearly see the swing points on your
4844
4845 1212
4846 00:51:51,360 ~-~-> 00:51:52,890
4847 chart, you won't need to have this many
4848
4849 1213
4850 00:51:52,890 ~-~-> 00:51:55,740
4851 lines on your chart, okay. But this is
4852
4853 1214
4854 00:51:55,740 ~-~-> 00:51:58,050
4855 one particular range that is
4856
4857 1215
4858 00:51:58,200 ~-~-> 00:52:00,810
4859 influential. Okay to all price action
4860
4861 1216
4862 00:52:00,810 ~-~-> 00:52:03,870
4863 analysis concepts. Okay, every price
4864
4865 1217
4866 00:52:03,870 ~-~-> 00:52:07,020
4867 point between the high and low, okay, on
4868
4869 1218
4870 00:52:07,020 ~-~-> 00:52:09,720
4871 each candle being the low, the high open
4872
4873 1219
4874 00:52:09,720 ~-~-> 00:52:12,120
4875 and close of each candle is also a
4876
4877 1220
4878 00:52:12,120 ~-~-> 00:52:14,880
4879 sensitive price point. Okay, but for now
4880
4881 1221
4882 00:52:14,910 ~-~-> 00:52:16,260
4883 we're just gonna identify the total
4884
4885 1222
4886 00:52:16,260 ~-~-> 00:52:19,710
4887 range that makes up that swing high. The
4888
4889 1223
4890 00:52:19,710 ~-~-> 00:52:23,610
4891 same thing occurs when we look at swing
4892
4893 1224
4894 00:52:23,610 ~-~-> 00:52:25,710
4895 lows, okay, we have a swing low here we
4896
4897 1225
4898 00:52:25,710 ~-~-> 00:52:29,880
4899 have a low with a lower low and a higher
4900
4901 1226
4902 00:52:29,880 ~-~-> 00:52:32,010
4903 low. Okay, see that? Here's that three
4904
4905 1227
4906 00:52:32,010 ~-~-> 00:52:34,980
4907 bar pattern. Okay, now we're going to do
4908
4909 1228
4910 00:52:34,980 ~-~-> 00:52:40,140
4911 is we're going to delineate that and
4912
4913 1229
4914 00:52:40,140 ~-~-> 00:52:41,490
4915 then we're gonna use the high because
4916
4917 1230
4918 00:52:41,520 ~-~-> 00:52:46,170
4919 this candle let's change the color that
4920
4921 1231
4922 00:52:46,170 ~-~-> 00:52:53,760
4923 just to differentiate. Okay, we're using
4924
4925 1232
4926 00:52:53,760 ~-~-> 00:52:57,120
4927 the high candle here of the three bar
4928
4929 1233
4930 00:52:57,120 ~-~-> 00:52:58,380
4931 pattern. So this is the highest of the
4932
4933 1234
4934 00:52:58,380 ~-~-> 00:53:00,600
4935 range and this candles Low is the
4936
4937 1235
4938 00:53:00,600 ~-~-> 00:53:03,210
4939 lowest, okay? Now watch what happens.
4940
4941 1236
4942 00:53:05,490 ~-~-> 00:53:07,860
4943 Now we've delineated that range, okay?
4944
4945 1237
4946 00:53:08,340 ~-~-> 00:53:12,690
4947 So we have a swing low and a swing high.
4948
4949 1238
4950 00:53:12,990 ~-~-> 00:53:14,880
4951 Okay, so now what we're doing is we're,
4952
4953 1239
4954 00:53:15,030 ~-~-> 00:53:16,800
4955 we're breaking the market down, and
4956
4957 1240
4958 00:53:16,800 ~-~-> 00:53:18,480
4959 we're looking for potential reaction
4960
4961 1241
4962 00:53:18,480 ~-~-> 00:53:21,390
4963 points. Okay? This swing low, you can
4964
4965 1242
4966 00:53:21,390 ~-~-> 00:53:24,480
4967 see clearly, later in time price came up
4968
4969 1243
4970 00:53:24,480 ~-~-> 00:53:25,860
4971 to that same price level and look what
4972
4973 1244
4974 00:53:25,860 ~-~-> 00:53:27,240
4975 happened. Did it stay there very long?
4976
4977 1245
4978 00:53:27,540 ~-~-> 00:53:30,480
4979 Absolutely not. And the market repelled
4980
4981 1246
4982 00:53:30,630 ~-~-> 00:53:33,810
4983 and went lower. Okay. So now, let's go
4984
4985 1247
4986 00:53:33,810 ~-~-> 00:53:37,170
4987 back and go through some more examples.
4988
4989 1248
4990 00:53:38,130 ~-~-> 00:53:42,300
4991 And we're going to fare it out. Another
4992
4993 1249
4994 00:53:44,820 ~-~-> 00:53:45,660
4995 swing low.
4996
4997 1250
4998 00:53:51,540 ~-~-> 00:53:54,240
4999 Okay, and what I've done is I've noted
5000
5001 1251
5002 00:53:54,960 ~-~-> 00:53:57,390
5003 this swing low, so you have a candle
5004
5005 1252
5006 00:53:57,390 ~-~-> 00:53:59,160
5007 with a low with a higher low on the
5008
5009 1253
5010 00:53:59,160 ~-~-> 00:54:00,990
5011 left, and a higher candle on the right.
5012
5013 1254
5014 00:54:01,170 ~-~-> 00:54:05,010
5015 Okay, so all all three candles, okay,
5016
5017 1255
5018 00:54:05,010 ~-~-> 00:54:08,190
5019 one has the low with a higher low on
5020
5021 1256
5022 00:54:08,190 ~-~-> 00:54:10,350
5023 either side. It's only taking three
5024
5025 1257
5026 00:54:10,350 ~-~-> 00:54:13,080
5027 candles to do that. Okay? Now you're
5028
5029 1258
5030 00:54:13,080 ~-~-> 00:54:15,300
5031 probably asking why am I skipping over
5032
5033 1259
5034 00:54:15,300 ~-~-> 00:54:16,740
5035 this little one here because this would
5036
5037 1260
5038 00:54:16,740 ~-~-> 00:54:19,020
5039 be a swing low. Yes. Well, it's because
5040
5041 1261
5042 00:54:19,020 ~-~-> 00:54:21,960
5043 we're looking at this is a Sunday. Okay,
5044
5045 1262
5046 00:54:21,960 ~-~-> 00:54:24,900
5047 so you kind of like, take that into
5048
5049 1263
5050 00:54:25,800 ~-~-> 00:54:27,930
5051 interior equation when you have these
5052
5053 1264
5054 00:54:27,960 ~-~-> 00:54:30,930
5055 little, little tiny Sundays. I guess a
5056
5057 1265
5058 00:54:30,930 ~-~-> 00:54:32,460
5059 general rule of thumb would be if you
5060
5061 1266
5062 00:54:32,460 ~-~-> 00:54:34,830
5063 have a big range Sunday, then I would
5064
5065 1267
5066 00:54:34,950 ~-~-> 00:54:36,810
5067 use it but if it's a real small little
5068
5069 1268
5070 00:54:37,680 ~-~-> 00:54:40,830
5071 candle, usually it's typical of a Sunday
5072
5073 1269
5074 00:54:41,670 ~-~-> 00:54:44,880
5075 down I won't factor that in. But for
5076
5077 1270
5078 00:54:44,880 ~-~-> 00:54:46,530
5079 now, we're just gonna look for the most
5080
5081 1271
5082 00:54:46,560 ~-~-> 00:54:49,650
5083 obvious swing points. Okay. So again,
5084
5085 1272
5086 00:54:49,680 ~-~-> 00:54:51,660
5087 using the premise that we've already
5088
5089 1273
5090 00:54:51,660 ~-~-> 00:54:54,180
5091 established, the candle highs and
5092
5093 1274
5094 00:54:54,180 ~-~-> 00:54:56,760
5095 candles low. We have a swing low here,
5096
5097 1275
5098 00:54:56,790 ~-~-> 00:54:58,590
5099 we've mapped out the highest point and
5100
5101 1276
5102 00:54:58,590 ~-~-> 00:55:00,780
5103 the lowest point and you draw that out a
5104
5105 1277
5106 00:55:00,780 ~-~-> 00:55:02,790
5107 little bit. Now, obviously, you want to
5108
5109 1278
5110 00:55:02,790 ~-~-> 00:55:06,870
5111 have these levels in mind, okay, as you
5112
5113 1279
5114 00:55:06,870 ~-~-> 00:55:09,060
5115 look at your chart, okay, and again,
5116
5117 1280
5118 00:55:09,090 ~-~-> 00:55:11,700
5119 going back to the premise that if we put
5120
5121 1281
5122 00:55:11,910 ~-~-> 00:55:14,820
5123 every single line that's available using
5124
5125 1282
5126 00:55:14,820 ~-~-> 00:55:16,950
5127 this concept on your chart, you would
5128
5129 1283
5130 00:55:16,980 ~-~-> 00:55:20,070
5131 quickly be inundated with so many levels
5132
5133 1284
5134 00:55:20,070 ~-~-> 00:55:21,630
5135 it would be it would be confusing to
5136
5137 1285
5138 00:55:21,630 ~-~-> 00:55:23,700
5139 you, okay, but you'll see, after a
5140
5141 1286
5142 00:55:23,700 ~-~-> 00:55:28,080
5143 period of time, you'll adopt an eye for
5144
5145 1287
5146 00:55:28,110 ~-~-> 00:55:30,060
5147 price swings and the ones that are going
5148
5149 1288
5150 00:55:30,060 ~-~-> 00:55:34,770
5151 to be more useful to you will become
5152
5153 1289
5154 00:55:34,800 ~-~-> 00:55:36,780
5155 obviously much more apparent as time
5156
5157 1290
5158 00:55:36,780 ~-~-> 00:55:38,220
5159 goes on. Okay, but right now, in the
5160
5161 1291
5162 00:55:38,220 ~-~-> 00:55:39,780
5163 beginning, you don't have that
5164
5165 1292
5166 00:55:39,870 ~-~-> 00:55:44,370
5167 understanding or the ability to see what
5168
5169 1293
5170 00:55:44,490 ~-~-> 00:55:45,960
5171 you should be seeing. Okay, and this is
5172
5173 1294
5174 00:55:45,960 ~-~-> 00:55:48,390
5175 how you develop the eye for it. Okay. So
5176
5177 1295
5178 00:55:48,390 ~-~-> 00:55:51,840
5179 we have the swing low here, movement up
5180
5181 1296
5182 00:55:51,840 ~-~-> 00:55:55,290
5183 the highest high and the lowest low. We
5184
5185 1297
5186 00:55:55,290 ~-~-> 00:55:58,020
5187 have a swing high here. Okay, we have
5188
5189 1298
5190 00:55:58,020 ~-~-> 00:56:00,690
5191 swing low. We have no swing low. Here,
5192
5193 1299
5194 00:56:00,780 ~-~-> 00:56:02,460
5195 okay, but look at what we've done here,
5196
5197 1300
5198 00:56:02,460 ~-~-> 00:56:05,190
5199 we've, we've made this price point, just
5200
5201 1301
5202 00:56:05,190 ~-~-> 00:56:08,820
5203 like this, okay? swing low, higher low
5204
5205 1302
5206 00:56:08,820 ~-~-> 00:56:12,450
5207 and higher low on either side of it. Why
5208
5209 1303
5210 00:56:12,480 ~-~-> 00:56:14,760
5211 would be? Why would we look at this
5212
5213 1304
5214 00:56:14,760 ~-~-> 00:56:17,070
5215 level and this level when we're pretty
5216
5217 1305
5218 00:56:17,070 ~-~-> 00:56:19,860
5219 much very close to it with this range
5220
5221 1306
5222 00:56:19,860 ~-~-> 00:56:22,230
5223 already see that? Okay, so when price
5224
5225 1307
5226 00:56:22,230 ~-~-> 00:56:24,750
5227 levels are very close like that, I just
5228
5229 1308
5230 00:56:24,750 ~-~-> 00:56:26,580
5231 use the ones that are very clear, this
5232
5233 1309
5234 00:56:26,580 ~-~-> 00:56:29,040
5235 is a pretty important swing low versus
5236
5237 1310
5238 00:56:29,040 ~-~-> 00:56:30,930
5239 this one. Okay, so this swing low is
5240
5241 1311
5242 00:56:30,930 ~-~-> 00:56:32,460
5243 occurring inside of the range that's
5244
5245 1312
5246 00:56:32,460 ~-~-> 00:56:35,340
5247 been established by this swing low here,
5248
5249 1313
5250 00:56:35,430 ~-~-> 00:56:37,290
5251 okay, from the low range low to the
5252
5253 1314
5254 00:56:37,290 ~-~-> 00:56:40,110
5255 range high, this short term swing lows
5256
5257 1315
5258 00:56:40,110 ~-~-> 00:56:42,690
5259 inside of that range. So This to me is
5260
5261 1316
5262 00:56:42,690 ~-~-> 00:56:44,460
5263 going to be subordinate or less
5264
5265 1317
5266 00:56:44,460 ~-~-> 00:56:47,850
5267 influential in terms of future
5268
5269 1318
5270 00:56:48,120 ~-~-> 00:56:49,710
5271 prognostication in terms of price
5272
5273 1319
5274 00:56:49,710 ~-~-> 00:56:52,590
5275 action, this range is going to be much
5276
5277 1320
5278 00:56:52,590 ~-~-> 00:56:54,510
5279 more significant later on. Okay, so in
5280
5281 1321
5282 00:56:54,510 ~-~-> 00:56:56,250
5283 other words, we're, we're going to apply
5284
5285 1322
5286 00:56:56,430 ~-~-> 00:57:01,770
5287 strength okay. Factors To which price
5288
5289 1323
5290 00:57:01,770 ~-~-> 00:57:03,420
5291 points we use for swing highs and swing
5292
5293 1324
5294 00:57:03,420 ~-~-> 00:57:07,440
5295 lows. Okay, so now we have a swing high,
5296
5297 1325
5298 00:57:08,130 ~-~-> 00:57:11,370
5299 okay? And we're going to use our
5300
5301 1326
5302 00:57:11,370 ~-~-> 00:57:15,000
5303 different color. Just let me delineate
5304
5305 1327
5306 00:57:15,000 ~-~-> 00:57:19,050
5307 that as well. Okay, and see what we have
5308
5309 1328
5310 00:57:19,050 ~-~-> 00:57:24,300
5311 here. This big breakdown here, the
5312
5313 1329
5314 00:57:24,300 ~-~-> 00:57:29,370
5315 lowest low in the three bar pattern,
5316
5317 1330
5318 00:57:29,850 ~-~-> 00:57:31,890
5319 okay for the swing high is this candle
5320
5321 1331
5322 00:57:31,890 ~-~-> 00:57:34,710
5323 here. Okay? Look at all the price
5324
5325 1332
5326 00:57:34,830 ~-~-> 00:57:36,360
5327 trading that takes place around that
5328
5329 1333
5330 00:57:36,360 ~-~-> 00:57:38,130
5331 price point. Okay, look at the open and
5332
5333 1334
5334 00:57:38,130 ~-~-> 00:57:40,380
5335 closing of these candles, look at the
5336
5337 1335
5338 00:57:40,380 ~-~-> 00:57:42,390
5339 highs, the demise of the candles in
5340
5341 1336
5342 00:57:42,390 ~-~-> 00:57:44,610
5343 here. Okay, you'd have some reaction in
5344
5345 1337
5346 00:57:44,610 ~-~-> 00:57:48,090
5347 here as well later on. And that's all
5348
5349 1338
5350 00:57:48,120 ~-~-> 00:57:50,040
5351 working within this dealing range
5352
5353 1339
5354 00:57:50,040 ~-~-> 00:57:52,800
5355 between this low and this high. Okay,
5356
5357 1340
5358 00:57:52,800 ~-~-> 00:57:54,840
5359 and again, what we're mapping out is the
5360
5361 1341
5362 00:57:54,840 ~-~-> 00:57:58,740
5363 swing highs, extreme points. Okay. And
5364
5365 1342
5366 00:57:58,770 ~-~-> 00:58:00,510
5367 you can see look at the body The candle
5368
5369 1343
5370 00:58:00,510 ~-~-> 00:58:02,550
5371 here, see, we wikked through the
5372
5373 1344
5374 00:58:02,550 ~-~-> 00:58:05,310
5375 previous swing high here. Notice we
5376
5377 1345
5378 00:58:05,310 ~-~-> 00:58:06,780
5379 didn't do a whole lot of trading there,
5380
5381 1346
5382 00:58:06,810 ~-~-> 00:58:08,250
5383 the bodies of the candles were both
5384
5385 1347
5386 00:58:08,250 ~-~-> 00:58:10,740
5387 below that. Okay, so these are, these
5388
5389 1348
5390 00:58:10,740 ~-~-> 00:58:13,140
5391 are the building blocks, if you will, to
5392
5393 1349
5394 00:58:13,140 ~-~-> 00:58:15,690
5395 understanding very, very advanced price
5396
5397 1350
5398 00:58:15,690 ~-~-> 00:58:16,800
5399 action concepts that you're going to
5400
5401 1351
5402 00:58:16,800 ~-~-> 00:58:19,980
5403 learn later on. But for now what we're
5404
5405 1352
5406 00:58:19,980 ~-~-> 00:58:22,500
5407 gonna be doing is getting you used to
5408
5409 1353
5410 00:58:22,500 ~-~-> 00:58:24,900
5411 seeing the price swings, and swing highs
5412
5413 1354
5414 00:58:24,900 ~-~-> 00:58:26,760
5415 and swing lows and mapping them out. So
5416
5417 1355
5418 00:58:26,760 ~-~-> 00:58:28,920
5419 that way we can see future price
5420
5421 1356
5422 00:58:28,950 ~-~-> 00:58:31,500
5423 sensitivity to those same particular
5424
5425 1357
5426 00:58:31,500 ~-~-> 00:58:33,600
5427 levels. And by understanding what you're
5428
5429 1358
5430 00:58:33,600 ~-~-> 00:58:36,300
5431 doing, by applying these concepts,
5432
5433 1359
5434 00:58:36,360 ~-~-> 00:58:39,060
5435 you'll start to see and anticipate
5436
5437 1360
5438 00:58:39,060 ~-~-> 00:58:40,950
5439 really, which is which, which is the
5440
5441 1361
5442 00:58:40,950 ~-~-> 00:58:42,300
5443 powerful concept that you're supposed to
5444
5445 1362
5446 00:58:42,300 ~-~-> 00:58:43,380
5447 be gleaning from this.
5448
5449 1363
5450 00:58:44,640 ~-~-> 00:58:47,790
5451 Learning to anticipate price rejections
5452
5453 1364
5454 00:58:47,820 ~-~-> 00:58:49,650
5455 once it trades these levels because if
5456
5457 1365
5458 00:58:49,650 ~-~-> 00:58:51,180
5459 price was able to repel away from that
5460
5461 1366
5462 00:58:51,180 ~-~-> 00:58:53,610
5463 particular level at a earlier time,
5464
5465 1367
5466 00:58:53,880 ~-~-> 00:58:56,520
5467 chances are that probably we'll see that
5468
5469 1368
5470 00:58:56,520 ~-~-> 00:58:58,950
5471 same effect happen at a later time.
5472
5473 1369
5474 00:58:59,550 ~-~-> 00:59:02,910
5475 Okay, so Have a swing high here. Okay?
5476
5477 1370
5478 00:59:03,540 ~-~-> 00:59:09,450
5479 And I'm going to show you the lows are
5480
5481 1371
5482 00:59:09,450 ~-~-> 00:59:13,200
5483 pretty much equal right in here. Okay,
5484
5485 1372
5486 00:59:13,230 ~-~-> 00:59:15,600
5487 this low and this low of the three bar
5488
5489 1373
5490 00:59:15,600 ~-~-> 00:59:17,100
5491 pattern that makes this swing high up.
5492
5493 1374
5494 00:59:17,850 ~-~-> 00:59:20,430
5495 We have price sensitivity right there,
5496
5497 1375
5498 00:59:20,520 ~-~-> 00:59:22,950
5499 beautifully done beautifully. Okay,
5500
5501 1376
5502 00:59:23,310 ~-~-> 00:59:26,340
5503 comes back up again. Okay and it trades
5504
5505 1377
5506 00:59:26,580 ~-~-> 00:59:29,850
5507 through this level and trades right back
5508
5509 1378
5510 00:59:29,850 ~-~-> 00:59:32,730
5511 up into what level this sensitive level,
5512
5513 1379
5514 00:59:32,970 ~-~-> 00:59:36,120
5515 okay? then it creates another swing
5516
5517 1380
5518 00:59:36,120 ~-~-> 00:59:38,910
5519 high. Okay, see that. So now we're going
5520
5521 1381
5522 00:59:38,910 ~-~-> 00:59:45,360
5523 to have low slow. Bring this over here a
5524
5525 1382
5526 00:59:45,360 ~-~-> 00:59:48,120
5527 little bit, so no fusion you too much.
5528
5529 1383
5530 00:59:48,630 ~-~-> 00:59:51,150
5531 So we have a swing high in here. Okay,
5532
5533 1384
5534 00:59:51,150 ~-~-> 00:59:54,360
5535 and the lowest low and just for
5536
5537 1385
5538 00:59:54,360 ~-~-> 00:59:55,830
5539 completeness sake, again
5540
5541 1386
5542 01:00:03,689 ~-~-> 01:00:06,359
5543 I hit my show that but it is what it is
5544
5545 1387
5546 01:00:06,359 ~-~-> 01:00:11,279
5547 we're going to reveal it get to the
5548
5549 1388
5550 01:00:11,279 ~-~-> 01:00:12,209
5551 chart where I need it.
5552
5553 1389
5554 01:00:18,180 ~-~-> 01:00:22,710
5555 Okay, so here's the, the high that swing
5556
5557 1390
5558 01:00:22,710 ~-~-> 01:00:27,390
5559 high or that the extreme upper range of
5560
5561 1391
5562 01:00:27,390 ~-~-> 01:00:29,730
5563 the high right here and the low. Okay,
5564
5565 1392
5566 01:00:29,760 ~-~-> 01:00:32,610
5567 so we have this candle, this candle and
5568
5569 1393
5570 01:00:32,610 ~-~-> 01:00:34,950
5571 this candle making this swing high. The
5572
5573 1394
5574 01:00:34,950 ~-~-> 01:00:37,350
5575 lowest price point is right here. Okay,
5576
5577 1395
5578 01:00:37,500 ~-~-> 01:00:39,690
5579 so inside these two price points, there
5580
5581 1396
5582 01:00:39,690 ~-~-> 01:00:41,910
5583 should be future sensitivity. Okay.
5584
5585 1397
5586 01:00:42,660 ~-~-> 01:00:45,510
5587 Again, keying off of the open high, low
5588
5589 1398
5590 01:00:45,510 ~-~-> 01:00:48,300
5591 and close of the three bars, or three
5592
5593 1399
5594 01:00:48,300 ~-~-> 01:00:49,770
5595 candles that make up the swing high and
5596
5597 1400
5598 01:00:49,770 ~-~-> 01:00:53,790
5599 swing low. Okay, we have a swing low in
5600
5601 1401
5602 01:00:53,790 ~-~-> 01:01:00,750
5603 here and what we'll do is as well Mark
5604
5605 1402
5606 01:01:00,750 ~-~-> 01:01:01,290
5607 that out.
5608
5609 1403
5610 01:01:06,540 ~-~-> 01:01:10,020
5611 And the highest high inside the swing
5612
5613 1404
5614 01:01:10,950 ~-~-> 01:01:14,460
5615 low between this candle, this candle and
5616
5617 1405
5618 01:01:14,460 ~-~-> 01:01:16,800
5619 this candle. The highest high is here
5620
5621 1406
5622 01:01:17,100 ~-~-> 01:01:19,380
5623 and the lowest lows here. Okay? So we'll
5624
5625 1407
5626 01:01:19,380 ~-~-> 01:01:21,780
5627 be looking for future sensitivity inside
5628
5629 1408
5630 01:01:21,780 ~-~-> 01:01:24,000
5631 of that range. Okay. And you can see
5632
5633 1409
5634 01:01:24,000 ~-~-> 01:01:25,770
5635 there was a very nice swing low form
5636
5637 1410
5638 01:01:25,770 ~-~-> 01:01:27,960
5639 here violated it just a little bit.
5640
5641 1411
5642 01:01:28,350 ~-~-> 01:01:30,120
5643 Okay? And then what would it be for
5644
5645 1412
5646 01:01:30,240 ~-~-> 01:01:32,430
5647 another swing low. Notice we're not
5648
5649 1413
5650 01:01:32,430 ~-~-> 01:01:33,960
5651 going to need to draw another line
5652
5653 1414
5654 01:01:34,200 ~-~-> 01:01:35,280
5655 because this level is already
5656
5657 1415
5658 01:01:35,280 ~-~-> 01:01:37,410
5659 represented with this level back here,
5660
5661 1416
5662 01:01:37,710 ~-~-> 01:01:43,050
5663 okay? In this high candle, okay is
5664
5665 1417
5666 01:01:43,050 ~-~-> 01:01:44,760
5667 already dealing with this range here. So
5668
5669 1418
5670 01:01:44,760 ~-~-> 01:01:47,520
5671 see how this price swing is subordinate.
5672
5673 1419
5674 01:01:47,910 ~-~-> 01:01:50,700
5675 Okay, inside of this swing low, so
5676
5677 1420
5678 01:01:50,700 ~-~-> 01:01:53,160
5679 there's no necessity for us to fine tune
5680
5681 1421
5682 01:01:53,460 ~-~-> 01:01:55,020
5683 any levels in here because it's already
5684
5685 1422
5686 01:01:55,020 ~-~-> 01:01:57,780
5687 been pre determined with the range from
5688
5689 1423
5690 01:01:57,780 ~-~-> 01:02:01,020
5691 this swing low. Okay. Now we have this
5692
5693 1424
5694 01:02:01,020 ~-~-> 01:02:03,810
5695 swing high. Okay? See that we have a
5696
5697 1425
5698 01:02:03,810 ~-~-> 01:02:07,260
5699 high, a higher high and a lower high. So
5700
5701 1426
5702 01:02:07,260 ~-~-> 01:02:09,570
5703 we have a high with two lower candles to
5704
5705 1427
5706 01:02:09,570 ~-~-> 01:02:11,460
5707 either side of it. Okay, so making that
5708
5709 1428
5710 01:02:11,460 ~-~-> 01:02:13,560
5711 three bar swing high pattern we like to
5712
5713 1429
5714 01:02:13,560 ~-~-> 01:02:17,130
5715 look for. So when you see that, what we
5716
5717 1430
5718 01:02:17,130 ~-~-> 01:02:20,760
5719 can do again is you take your, your
5720
5721 1431
5722 01:02:20,760 ~-~-> 01:02:29,040
5723 levels here and you draw that and what
5724
5725 1432
5726 01:02:29,040 ~-~-> 01:02:30,510
5727 I'm doing since gathering this candle
5728
5729 1433
5730 01:02:30,510 ~-~-> 01:02:31,740
5731 here because I really want to show the,
5732
5733 1434
5734 01:02:32,160 ~-~-> 01:02:34,650
5735 the very clean symmetry that's presented
5736
5737 1435
5738 01:02:35,010 ~-~-> 01:02:37,470
5739 with this sample set in terms of price
5740
5741 1436
5742 01:02:37,470 ~-~-> 01:02:44,670
5743 action. And looking at the lowest low
5744
5745 1437
5746 01:02:47,310 ~-~-> 01:02:49,680
5747 it's this candle here because this is
5748
5749 1438
5750 01:02:49,680 ~-~-> 01:02:51,300
5751 the lowest candle between all three
5752
5753 1439
5754 01:02:51,300 ~-~-> 01:02:53,460
5755 candles of the sweet and high pattern.
5756
5757 1440
5758 01:02:53,970 ~-~-> 01:03:00,630
5759 Okay, and this is go for a little bit We
5760
5761 1441
5762 01:03:00,630 ~-~-> 01:03:03,990
5763 have a new swing low down here.
5764
5765 1442
5766 01:03:10,500 ~-~-> 01:03:17,580
5767 So we have this low here. And the
5768
5769 1443
5770 01:03:17,580 ~-~-> 01:03:21,090
5771 highest high of the swing low pattern is
5772
5773 1444
5774 01:03:21,090 ~-~-> 01:03:23,130
5775 right here. So it's the three bar
5776
5777 1445
5778 01:03:23,130 ~-~-> 01:03:26,250
5779 pattern low. Okay, the highest price
5780
5781 1446
5782 01:03:26,250 ~-~-> 01:03:29,370
5783 point in three candles is this price
5784
5785 1447
5786 01:03:29,370 ~-~-> 01:03:31,800
5787 point and the lowest lows here, okay and
5788
5789 1448
5790 01:03:31,800 ~-~-> 01:03:32,640
5791 we're going to be looking for certain
5792
5793 1449
5794 01:03:32,640 ~-~-> 01:03:35,310
5795 price sensitivity going forward. Okay,
5796
5797 1450
5798 01:03:35,340 ~-~-> 01:03:39,480
5799 and now we have a unique opportunity,
5800
5801 1451
5802 01:03:39,660 ~-~-> 01:03:44,340
5803 okay to show you where price creates
5804
5805 1452
5806 01:03:46,380 ~-~-> 01:03:49,980
5807 kind of like a muddy little swing point.
5808
5809 1453
5810 01:03:50,160 ~-~-> 01:03:51,900
5811 Okay, see how these price points are
5812
5813 1454
5814 01:03:51,900 ~-~-> 01:03:55,110
5815 basically the same. Okay, if you look
5816
5817 1455
5818 01:03:55,110 ~-~-> 01:04:05,370
5819 very carefully You have price
5820
5821 1456
5822 01:04:05,370 ~-~-> 01:04:07,020
5823 essentially trading almost at the same
5824
5825 1457
5826 01:04:07,020 ~-~-> 01:04:09,390
5827 price point okay see that if you look
5828
5829 1458
5830 01:04:09,390 ~-~-> 01:04:12,270
5831 real close this candle is slightly
5832
5833 1459
5834 01:04:12,750 ~-~-> 01:04:15,600
5835 higher than this one and this one okay
5836
5837 1460
5838 01:04:16,050 ~-~-> 01:04:18,300
5839 and again we have that same like Sunday
5840
5841 1461
5842 01:04:18,300 ~-~-> 01:04:20,580
5843 phenomena I guess with these small
5844
5845 1462
5846 01:04:20,580 ~-~-> 01:04:23,850
5847 little candles. So, when I have
5848
5849 1463
5850 01:04:23,850 ~-~-> 01:04:25,860
5851 something like this What I do is I look
5852
5853 1464
5854 01:04:25,890 ~-~-> 01:04:31,200
5855 at the overall consolidation Okay, I see
5856
5857 1465
5858 01:04:31,200 ~-~-> 01:04:33,450
5859 the bodies and the wicks okay see how
5860
5861 1466
5862 01:04:33,450 ~-~-> 01:04:35,610
5863 the wick is here, the body of the candle
5864
5865 1467
5866 01:04:35,610 ~-~-> 01:04:37,590
5867 here the body of the candle here, the
5868
5869 1468
5870 01:04:37,590 ~-~-> 01:04:42,270
5871 low here, okay when I see that, I will
5872
5873 1469
5874 01:04:42,300 ~-~-> 01:04:44,910
5875 assume that price is still going to
5876
5877 1470
5878 01:04:45,900 ~-~-> 01:04:48,900
5879 respect if you will, this swing low that
5880
5881 1471
5882 01:04:48,900 ~-~-> 01:04:51,780
5883 we have the high range here and also now
5884
5885 1472
5886 01:04:51,810 ~-~-> 01:04:53,310
5887 this is a little small little trading
5888
5889 1473
5890 01:04:53,310 ~-~-> 01:04:57,960
5891 range. So this to me, I would look for a
5892
5893 1474
5894 01:04:58,020 ~-~-> 01:05:01,920
5895 bullish move up Okay, now What's this,
5896
5897 1475
5898 01:05:02,040 ~-~-> 01:05:04,590
5899 the candle two goes up, I'll have more
5900
5901 1476
5902 01:05:04,590 ~-~-> 01:05:06,000
5903 weight on that. And we'll talk a lot
5904
5905 1477
5906 01:05:06,000 ~-~-> 01:05:08,430
5907 more in that principle later on. But in
5908
5909 1478
5910 01:05:08,430 ~-~-> 01:05:10,170
5911 this example, I would just simply refer
5912
5913 1479
5914 01:05:10,170 ~-~-> 01:05:13,950
5915 to the bullish candle up in the cards.
5916
5917 1480
5918 01:05:13,950 ~-~-> 01:05:15,570
5919 In other words, this is a White Candle,
5920
5921 1481
5922 01:05:15,570 ~-~-> 01:05:16,740
5923 there are two bullish candles as it
5924
5925 1482
5926 01:05:16,740 ~-~-> 01:05:19,740
5927 represents in this example, and black
5928
5929 1483
5930 01:05:19,740 ~-~-> 01:05:22,320
5931 candles are down. I would spend more
5932
5933 1484
5934 01:05:22,320 ~-~-> 01:05:24,300
5935 emphasis looking at the low here. But
5936
5937 1485
5938 01:05:24,300 ~-~-> 01:05:26,070
5939 again, going back to our principle that
5940
5941 1486
5942 01:05:26,100 ~-~-> 01:05:27,450
5943 we already have a level that's already
5944
5945 1487
5946 01:05:27,450 ~-~-> 01:05:29,370
5947 delineated next to that, so there's no
5948
5949 1488
5950 01:05:29,670 ~-~-> 01:05:32,970
5951 essential need for us to draw a new
5952
5953 1489
5954 01:05:32,970 ~-~-> 01:05:37,980
5955 level. Okay, so we've already delineate
5956
5957 1490
5958 01:05:37,980 ~-~-> 01:05:40,410
5959 delineated a specific price point for
5960
5961 1491
5962 01:05:40,410 ~-~-> 01:05:43,860
5963 future sensitivity. Price comes up to
5964
5965 1492
5966 01:05:43,860 ~-~-> 01:05:46,740
5967 that same level here, creates a swing
5968
5969 1493
5970 01:05:46,740 ~-~-> 01:05:50,040
5971 high. We have the lowest lowest here
5972
5973 1494
5974 01:05:50,040 ~-~-> 01:05:51,390
5975 which has already been established with
5976
5977 1495
5978 01:05:51,390 ~-~-> 01:05:53,040
5979 this level here, so there's no necessity
5980
5981 1496
5982 01:05:53,040 ~-~-> 01:05:56,610
5983 to draw a new line. We have a swing low
5984
5985 1497
5986 01:05:56,610 ~-~-> 01:05:59,370
5987 here, with the highest of the three
5988
5989 1498
5990 01:05:59,370 ~-~-> 01:06:01,860
5991 pattern here. Very close to this level,
5992
5993 1499
5994 01:06:01,860 ~-~-> 01:06:04,200
5995 again, no necessity to draw another
5996
5997 1500
5998 01:06:04,200 ~-~-> 01:06:07,830
5999 level. And look at the price action.
6000
6001 1501
6002 01:06:07,860 ~-~-> 01:06:09,870
6003 It's traded right off of that level. See
6004
6005 1502
6006 01:06:09,870 ~-~-> 01:06:13,590
6007 that? See that right there? wonderful,
6008
6009 1503
6010 01:06:13,620 ~-~-> 01:06:16,980
6011 beautiful representation of very classic
6012
6013 1504
6014 01:06:16,980 ~-~-> 01:06:22,920
6015 price action. I'm going to give you some
6016
6017 1505
6018 01:06:22,980 ~-~-> 01:06:26,820
6019 more data that just to show you how
6020
6021 1506
6022 01:06:26,820 ~-~-> 01:06:29,340
6023 price had respected the previous levels
6024
6025 1507
6026 01:06:29,340 ~-~-> 01:06:31,770
6027 and what had transpired from that price,
6028
6029 1508
6030 01:06:31,980 ~-~-> 01:06:40,560
6031 price point. Can you see that? Alright,
6032
6033 1509
6034 01:06:40,980 ~-~-> 01:06:43,830
6035 so now, when you look at your charts,
6036
6037 1510
6038 01:06:43,860 ~-~-> 01:06:45,000
6039 you're going to be spending a lot of
6040
6041 1511
6042 01:06:45,000 ~-~-> 01:06:49,440
6043 time searching for swing points, swing
6044
6045 1512
6046 01:06:49,440 ~-~-> 01:06:52,380
6047 highs and swing lows. Okay, looking for
6048
6049 1513
6050 01:06:52,380 ~-~-> 01:06:56,040
6051 levels inside of the ranges that create
6052
6053 1514
6054 01:06:56,040 ~-~-> 01:06:58,200
6055 those swing highs and swing lows and
6056
6057 1515
6058 01:06:58,200 ~-~-> 01:07:00,240
6059 you're going to eventually spend A lot
6060
6061 1516
6062 01:07:00,240 ~-~-> 01:07:03,000
6063 of times studying the sensitivity of
6064
6065 1517
6066 01:07:03,090 ~-~-> 01:07:07,200
6067 future price action at the specific open
6068
6069 1518
6070 01:07:07,650 ~-~-> 01:07:10,140
6071 close high and low of each of the three
6072
6073 1519
6074 01:07:10,140 ~-~-> 01:07:12,600
6075 bar pattern. In other words we have
6076
6077 1520
6078 01:07:12,990 ~-~-> 01:07:14,520
6079 these three candles here that make up
6080
6081 1521
6082 01:07:14,520 ~-~-> 01:07:17,790
6083 the swing low here. Okay, we have an
6084
6085 1522
6086 01:07:17,790 ~-~-> 01:07:20,010
6087 opening at this price point and the
6088
6089 1523
6090 01:07:20,010 ~-~-> 01:07:22,380
6091 closes down here on this candle. We have
6092
6093 1524
6094 01:07:22,380 ~-~-> 01:07:24,630
6095 an opening on this candle and a close
6096
6097 1525
6098 01:07:24,630 ~-~-> 01:07:27,390
6099 here. We have an opening here on this
6100
6101 1526
6102 01:07:27,390 ~-~-> 01:07:30,690
6103 candle and a close here. Okay. Remember
6104
6105 1527
6106 01:07:30,690 ~-~-> 01:07:32,820
6107 I just told you in the opening the the
6108
6109 1528
6110 01:07:32,820 ~-~-> 01:07:35,280
6111 highs and lows and close of all three of
6112
6113 1529
6114 01:07:35,280 ~-~-> 01:07:38,130
6115 those candles are sensitive. Okay,
6116
6117 1530
6118 01:07:38,130 ~-~-> 01:07:39,780
6119 they're very, very key price points.
6120
6121 1531
6122 01:07:40,260 ~-~-> 01:07:42,390
6123 Look at the closing price on this candle
6124
6125 1532
6126 01:07:42,390 ~-~-> 01:07:45,330
6127 here. The highest price point of all
6128
6129 1533
6130 01:07:45,330 ~-~-> 01:07:48,210
6131 three closes. Okay. Let's go out in
6132
6133 1534
6134 01:07:48,210 ~-~-> 01:07:51,630
6135 time. Look at what happens. Boom. Look
6136
6137 1535
6138 01:07:51,630 ~-~-> 01:07:53,490
6139 at the sensitivity right there. Even
6140
6141 1536
6142 01:07:53,490 ~-~-> 01:07:55,590
6143 though we had already leveled out this
6144
6145 1537
6146 01:07:55,620 ~-~-> 01:07:58,830
6147 swing price point right here. Price
6148
6149 1538
6150 01:07:58,830 ~-~-> 01:08:00,810
6151 stabbed through it. So step through it,
6152
6153 1539
6154 01:08:00,810 ~-~-> 01:08:02,340
6155 step through it, step through it, look
6156
6157 1540
6158 01:08:02,340 ~-~-> 01:08:03,780
6159 at the bodies of the candle, see how
6160
6161 1541
6162 01:08:03,780 ~-~-> 01:08:08,610
6163 that was very, very well
6164
6165 1542
6166 01:08:08,670 ~-~-> 01:08:10,920
6167 staved off in terms of not being able to
6168
6169 1543
6170 01:08:10,950 ~-~-> 01:08:13,890
6171 go lower. Yes, we whipped through within
6172
6173 1544
6174 01:08:13,890 ~-~-> 01:08:16,050
6175 air price action, but look what the bulk
6176
6177 1545
6178 01:08:16,050 ~-~-> 01:08:18,180
6179 of the trading was above that level,
6180
6181 1546
6182 01:08:18,510 ~-~-> 01:08:20,790
6183 okay, and just simply refer back to this
6184
6185 1547
6186 01:08:20,820 ~-~-> 01:08:23,370
6187 closing price. And you can see that is
6188
6189 1548
6190 01:08:23,400 ~-~-> 01:08:25,110
6191 very, very close to what was being
6192
6193 1549
6194 01:08:25,620 ~-~-> 01:08:28,380
6195 referred to also look at the high of the
6196
6197 1550
6198 01:08:28,380 ~-~-> 01:08:31,350
6199 very lowest candle to the high. Look at
6200
6201 1551
6202 01:08:31,350 ~-~-> 01:08:34,890
6203 that go out in time. Boom. Okay, look at
6204
6205 1552
6206 01:08:34,890 ~-~-> 01:08:38,010
6207 the high of this candle. Okay. Boom.
6208
6209 1553
6210 01:08:38,850 ~-~-> 01:08:41,520
6211 Okay, even this candle here came right
6212
6213 1554
6214 01:08:41,520 ~-~-> 01:08:43,200
6215 back down to what this price point.
6216
6217 1555
6218 01:08:43,740 ~-~-> 01:08:47,280
6219 Okay. So when you're sitting in front of
6220
6221 1556
6222 01:08:47,280 ~-~-> 01:08:50,880
6223 a computer, and looking at charts, don't
6224
6225 1557
6226 01:08:50,880 ~-~-> 01:08:53,340
6227 blindly just stare at them expecting a
6228
6229 1558
6230 01:08:53,340 ~-~-> 01:08:55,680
6231 neon sign to tell you hey, look, here's
6232
6233 1559
6234 01:08:55,680 ~-~-> 01:08:58,980
6235 something to do. Or the next trade study
6236
6237 1560
6238 01:08:59,010 ~-~-> 01:09:01,650
6239 how price has to Created in the past,
6240
6241 1561
6242 01:09:01,830 ~-~-> 01:09:03,690
6243 it'll give you a whole lot of
6244
6245 1562
6246 01:09:03,690 ~-~-> 01:09:05,730
6247 information. And it'll give you a lot of
6248
6249 1563
6250 01:09:05,850 ~-~-> 01:09:08,340
6251 foundation that you need to be a price
6252
6253 1564
6254 01:09:08,340 ~-~-> 01:09:11,010
6255 action trader and essentially, you know,
6256
6257 1565
6258 01:09:11,040 ~-~-> 01:09:12,660
6259 putting you ahead of the pack if you
6260
6261 1566
6262 01:09:12,660 ~-~-> 01:09:14,340
6263 will, and you'll be able to warm up a
6264
6265 1567
6266 01:09:14,340 ~-~-> 01:09:17,310
6267 lot quicker to do more advanced concepts
6268
6269 1568
6270 01:09:17,310 ~-~-> 01:09:19,020
6271 that we'll share as we go along.
6272
6273 1569
6274 01:09:24,960 ~-~-> 01:09:27,570
6275 Now, above all, it's important to keep a
6276
6277 1570
6278 01:09:27,570 ~-~-> 01:09:32,250
6279 balance in this don't become overly
6280
6281 1571
6282 01:09:32,250 ~-~-> 01:09:34,740
6283 compulsive feeling you have to be in the
6284
6285 1572
6286 01:09:34,740 ~-~-> 01:09:37,290
6287 marketplace, in charts in forums in my
6288
6289 1573
6290 01:09:37,290 ~-~-> 01:09:40,110
6291 videos, okay? Your spouse wants to see
6292
6293 1574
6294 01:09:40,110 ~-~-> 01:09:41,670
6295 you, okay, and you should be wanting to
6296
6297 1575
6298 01:09:41,670 ~-~-> 01:09:43,080
6299 see your spouse and your children as
6300
6301 1576
6302 01:09:43,080 ~-~-> 01:09:44,850
6303 well. And your friends want to see you
6304
6305 1577
6306 01:09:44,850 ~-~-> 01:09:47,010
6307 to get out there and make sure you have
6308
6309 1578
6310 01:09:47,010 ~-~-> 01:09:49,230
6311 a life. Learning this stuff is fun. It's
6312
6313 1579
6314 01:09:49,260 ~-~-> 01:09:52,470
6315 It's It's amazing. The rewards you get
6316
6317 1580
6318 01:09:52,470 ~-~-> 01:09:54,660
6319 with it. But if you're not engaging the
6320
6321 1581
6322 01:09:54,690 ~-~-> 01:09:57,060
6323 other parts of your life, you will be
6324
6325 1582
6326 01:09:57,060 ~-~-> 01:09:59,700
6327 coming. You know, it's an unhealthy
6328
6329 1583
6330 01:09:59,700 ~-~-> 01:10:02,280
6331 relation. With the marketplace, so don't
6332
6333 1584
6334 01:10:02,280 ~-~-> 01:10:03,690
6335 try to think because you got to spend a
6336
6337 1585
6338 01:10:03,690 ~-~-> 01:10:07,410
6339 million hours of study in the charts in
6340
6341 1586
6342 01:10:07,410 ~-~-> 01:10:09,330
6343 that and beginning it, you're not going
6344
6345 1587
6346 01:10:09,330 ~-~-> 01:10:11,070
6347 to get yourself a shortcut. By doing
6348
6349 1588
6350 01:10:11,070 ~-~-> 01:10:13,380
6351 that. Yes, it's important to spend time,
6352
6353 1589
6354 01:10:13,440 ~-~-> 01:10:14,790
6355 okay. And then my advice is to spend at
6356
6357 1590
6358 01:10:14,790 ~-~-> 01:10:16,350
6359 least 30 minutes a day looking at your
6360
6361 1591
6362 01:10:16,350 ~-~-> 01:10:18,450
6363 charts. doing the things that we talk
6364
6365 1592
6366 01:10:18,450 ~-~-> 01:10:20,670
6367 about overtime will give you skill set
6368
6369 1593
6370 01:10:22,140 ~-~-> 01:10:24,510
6371 principles and, and drills and exercises
6372
6373 1594
6374 01:10:24,510 ~-~-> 01:10:26,700
6375 to do they'll help you acquire certain,
6376
6377 1595
6378 01:10:27,030 ~-~-> 01:10:29,730
6379 you know, price action, understanding,
6380
6381 1596
6382 01:10:30,150 ~-~-> 01:10:31,980
6383 but it's not important that you spend
6384
6385 1597
6386 01:10:32,400 ~-~-> 01:10:34,560
6387 five or six hours a day I did all that
6388
6389 1598
6390 01:10:34,560 ~-~-> 01:10:38,220
6391 stuff. Okay. And yes, I eventually glean
6392
6393 1599
6394 01:10:38,220 ~-~-> 01:10:40,050
6395 some things. But in the beginning, it
6396
6397 1600
6398 01:10:40,050 ~-~-> 01:10:41,850
6399 was a lot of wasted time, because I just
6400
6401 1601
6402 01:10:41,850 ~-~-> 01:10:42,990
6403 simply didn't know what I was looking
6404
6405 1602
6406 01:10:42,990 ~-~-> 01:10:44,430
6407 for. Now I know what I'm looking for
6408
6409 1603
6410 01:10:44,430 ~-~-> 01:10:47,910
6411 what I know. Now, what I what I should
6412
6413 1604
6414 01:10:47,910 ~-~-> 01:10:49,380
6415 have been looking for then my learning
6416
6417 1605
6418 01:10:49,380 ~-~-> 01:10:52,050
6419 curve would have been greatly shortened.
6420
6421 1606
6422 01:10:52,320 ~-~-> 01:10:53,970
6423 And that's my goal here with you guys.
6424
6425 1607
6426 01:10:54,420 ~-~-> 01:10:56,010
6427 So don't try to skip to the front online
6428
6429 1608
6430 01:10:56,010 ~-~-> 01:10:56,940
6431 because you're not going to be the one
6432
6433 1609
6434 01:10:56,940 ~-~-> 01:11:02,280
6435 that does it. And if you've been trading
6436
6437 1610
6438 01:11:02,280 ~-~-> 01:11:03,990
6439 for a while, and you've been trying
6440
6441 1611
6442 01:11:03,990 ~-~-> 01:11:05,610
6443 different things, and it hasn't been
6444
6445 1612
6446 01:11:05,610 ~-~-> 01:11:07,230
6447 working out for you, I'm going to give
6448
6449 1613
6450 01:11:07,230 ~-~-> 01:11:09,540
6451 you the real answer to it. It's not the
6452
6453 1614
6454 01:11:09,540 ~-~-> 01:11:11,640
6455 system, and it's not going from one
6456
6457 1615
6458 01:11:11,640 ~-~-> 01:11:14,670
6459 system to the next. This is not, the
6460
6461 1616
6462 01:11:14,700 ~-~-> 01:11:16,620
6463 hand gets cold, go to the next best
6464
6465 1617
6466 01:11:16,620 ~-~-> 01:11:18,990
6467 thing. You're going to quickly learn
6468
6469 1618
6470 01:11:18,990 ~-~-> 01:11:21,720
6471 that you are the biggest enemy, you are
6472
6473 1619
6474 01:11:21,720 ~-~-> 01:11:24,990
6475 the one that causes all these problems.
6476
6477 1620
6478 01:11:25,650 ~-~-> 01:11:28,650
6479 And I know it sounds hard to swallow,
6480
6481 1621
6482 01:11:29,760 ~-~-> 01:11:30,570
6483 but you're gonna have to admit
6484
6485 1622
6486 01:11:30,570 ~-~-> 01:11:33,150
6487 it. No one else pulls the execution
6488
6489 1623
6490 01:11:33,150 ~-~-> 01:11:35,400
6491 trigger but you no one else can do that.
6492
6493 1624
6494 01:11:35,460 ~-~-> 01:11:38,130
6495 But you so you're in charge of all these
6496
6497 1625
6498 01:11:38,130 ~-~-> 01:11:40,860
6499 decisions. When you understand that
6500
6501 1626
6502 01:11:41,070 ~-~-> 01:11:42,750
6503 you're the one in the captain's chair,
6504
6505 1627
6506 01:11:42,780 ~-~-> 01:11:44,280
6507 you're the You're the one at the helm,
6508
6509 1628
6510 01:11:44,280 ~-~-> 01:11:47,580
6511 if you will, this sink, the ship either
6512
6513 1629
6514 01:11:47,580 ~-~-> 01:11:51,000
6515 sinks or sails smoothly based on your
6516
6517 1630
6518 01:11:51,000 ~-~-> 01:11:53,820
6519 decision making. Don't think that you
6520
6521 1631
6522 01:11:53,820 ~-~-> 01:11:55,950
6523 got to go in here with a perfect system.
6524
6525 1632
6526 01:11:56,070 ~-~-> 01:11:57,120
6527 You just need something that's going to
6528
6529 1633
6530 01:11:57,120 ~-~-> 01:11:59,520
6531 consistently carve out a expected return
6532
6533 1634
6534 01:11:59,790 ~-~-> 01:12:01,890
6535 and then maximize that edge or that
6536
6537 1635
6538 01:12:01,890 ~-~-> 01:12:04,530
6539 return to get the outcome that you're
6540
6541 1636
6542 01:12:04,530 ~-~-> 01:12:06,720
6543 looking for which is consistent,
6544
6545 1637
6546 01:12:07,260 ~-~-> 01:12:10,620
6547 profitable, tip harvesting, that results
6548
6549 1638
6550 01:12:10,650 ~-~-> 01:12:12,540
6551 in you being able to eventually move
6552
6553 1639
6554 01:12:12,540 ~-~-> 01:12:15,840
6555 into a self sufficient lifestyle where
6556
6557 1640
6558 01:12:15,870 ~-~-> 01:12:17,790
6559 all your living living expenses are
6560
6561 1641
6562 01:12:17,790 ~-~-> 01:12:19,320
6563 acquired through your trading and your
6564
6565 1642
6566 01:12:19,320 ~-~-> 01:12:21,540
6567 decision making in the marketplace.
6568
6569 1643
6570 01:12:25,230 ~-~-> 01:12:26,700
6571 Alright, so now what can we expect to
6572
6573 1644
6574 01:12:26,700 ~-~-> 01:12:28,830
6575 learn going forward? Well, it's my
6576
6577 1645
6578 01:12:28,830 ~-~-> 01:12:30,180
6579 intention, obviously, to share with you
6580
6581 1646
6582 01:12:30,180 ~-~-> 01:12:32,010
6583 what I've learned over the last 20 plus
6584
6585 1647
6586 01:12:32,010 ~-~-> 01:12:34,500
6587 years. Now, there's going to be a lot of
6588
6589 1648
6590 01:12:34,500 ~-~-> 01:12:38,040
6591 mix of not just simply foreign exchange.
6592
6593 1649
6594 01:12:38,340 ~-~-> 01:12:39,690
6595 There's going to be a lot of commodity
6596
6597 1650
6598 01:12:39,690 ~-~-> 01:12:41,820
6599 information I interweave with this
6600
6601 1651
6602 01:12:41,820 ~-~-> 01:12:43,920
6603 because there's a lot of price action
6604
6605 1652
6606 01:12:43,950 ~-~-> 01:12:47,040
6607 concepts. It's complimentary to the
6608
6609 1653
6610 01:12:47,040 ~-~-> 01:12:50,070
6611 foreign exchange markets. I'm going to
6612
6613 1654
6614 01:12:50,070 ~-~-> 01:12:52,440
6615 teach you how you can manage risk and
6616
6617 1655
6618 01:12:52,440 ~-~-> 01:12:54,030
6619 trades and how you can target
6620
6621 1656
6622 01:12:54,030 ~-~-> 01:12:56,100
6623 consistency. I'm going to teach you
6624
6625 1657
6626 01:12:56,100 ~-~-> 01:12:57,720
6627 specifically how to determine which
6628
6629 1658
6630 01:12:57,720 ~-~-> 01:13:01,440
6631 direction to trade any pair I also spend
6632
6633 1659
6634 01:13:01,440 ~-~-> 01:13:04,860
6635 time with exercises and drills and skill
6636
6637 1660
6638 01:13:04,860 ~-~-> 01:13:07,830
6639 sets to help you time low risk and high
6640
6641 1661
6642 01:13:07,830 ~-~-> 01:13:10,620
6643 reward entry points. You're going to
6644
6645 1662
6646 01:13:10,620 ~-~-> 01:13:12,870
6647 learn how to project in advance high
6648
6649 1663
6650 01:13:12,870 ~-~-> 01:13:15,090
6651 odds, profit objectives, where to make
6652
6653 1664
6654 01:13:15,090 ~-~-> 01:13:17,880
6655 your profits and how to take profits.
6656
6657 1665
6658 01:13:18,570 ~-~-> 01:13:20,010
6659 I'm going to show you how well in
6660
6661 1666
6662 01:13:20,010 ~-~-> 01:13:23,130
6663 advance when and where trades will form.
6664
6665 1667
6666 01:13:23,820 ~-~-> 01:13:25,500
6667 A lot of questions I get a lot of email
6668
6669 1668
6670 01:13:25,500 ~-~-> 01:13:28,020
6671 is they'll ask, you know, I want to know
6672
6673 1669
6674 01:13:28,020 ~-~-> 01:13:29,610
6675 when to get in when to get out. Well,
6676
6677 1670
6678 01:13:29,610 ~-~-> 01:13:31,380
6679 unless you understand how the trades are
6680
6681 1671
6682 01:13:31,380 ~-~-> 01:13:33,300
6683 setting up, the in and out isn't going
6684
6685 1672
6686 01:13:33,300 ~-~-> 01:13:35,940
6687 to help you. I'm gonna teach you
6688
6689 1673
6690 01:13:35,940 ~-~-> 01:13:37,860
6691 specifically how to attract Smart Money
6692
6693 1674
6694 01:13:37,860 ~-~-> 01:13:40,290
6695 traders like the banks, and you're gonna
6696
6697 1675
6698 01:13:40,290 ~-~-> 01:13:43,380
6699 learn how to follow them. Now also, I'm
6700
6701 1676
6702 01:13:43,380 ~-~-> 01:13:45,000
6703 going to give you a lot of tips on how
6704
6705 1677
6706 01:13:45,000 ~-~-> 01:13:46,590
6707 to build your forex business that are
6708
6709 1678
6710 01:13:46,590 ~-~-> 01:13:48,630
6711 completely unique to me and my material.
6712
6713 1679
6714 01:13:49,170 ~-~-> 01:13:50,940
6715 So I want to understand that this is my
6716
6717 1680
6718 01:13:50,940 ~-~-> 01:13:54,300
6719 sincere hope. And it's my goal for you
6720
6721 1681
6722 01:13:54,300 ~-~-> 01:13:57,810
6723 to be profitable to be successful, and I
6724
6725 1682
6726 01:13:57,810 ~-~-> 01:14:00,000
6727 want your success story. I covered that
6728
6729 1683
6730 01:14:00,570 ~-~-> 01:14:02,310
6731 I want you to be able to be successful
6732
6733 1684
6734 01:14:02,310 ~-~-> 01:14:04,080
6735 so that we I know you'll be able to move
6736
6737 1685
6738 01:14:04,080 ~-~-> 01:14:06,270
6739 forward in life using this information
6740
6741 1686
6742 01:14:06,270 ~-~-> 01:14:10,350
6743 to bless other people. When you do, I'm
6744
6745 1687
6746 01:14:10,350 ~-~-> 01:14:12,750
6747 not saying that you won't, okay, I'm
6748
6749 1688
6750 01:14:12,750 ~-~-> 01:14:14,400
6751 telling you that if you put the time
6752
6753 1689
6754 01:14:14,400 ~-~-> 01:14:17,670
6755 into this, you will find success. The
6756
6757 1690
6758 01:14:17,670 ~-~-> 01:14:19,020
6759 amount of success is going to be
6760
6761 1691
6762 01:14:19,020 ~-~-> 01:14:21,180
6763 obviously dependent upon each individual
6764
6765 1692
6766 01:14:21,180 ~-~-> 01:14:23,820
6767 trader and their development. But when
6768
6769 1693
6770 01:14:23,820 ~-~-> 01:14:27,600
6771 you do, please share your story with me.
6772
6773 1694
6774 01:14:28,230 ~-~-> 01:14:30,720
6775 That's all I'm asking for a simple thank
6776
6777 1695
6778 01:14:30,720 ~-~-> 01:14:34,170
6779 you and what you've done for someone
6780
6781 1696
6782 01:14:34,170 ~-~-> 01:14:37,290
6783 else, for your family, for a complete,
6784
6785 1697
6786 01:14:37,860 ~-~-> 01:14:39,690
6787 perfect stranger, what did you do to
6788
6789 1698
6790 01:14:39,690 ~-~-> 01:14:42,510
6791 bless them? You may not be a person of
6792
6793 1699
6794 01:14:42,510 ~-~-> 01:14:45,630
6795 faith may not believe in a God. But
6796
6797 1700
6798 01:14:45,630 ~-~-> 01:14:47,640
6799 isn't it just nice to know that you did
6800
6801 1701
6802 01:14:47,640 ~-~-> 01:14:49,920
6803 something very, very nice for someone
6804
6805 1702
6806 01:14:49,920 ~-~-> 01:14:52,980
6807 else and not expect anything in return?
6808
6809 1703
6810 01:14:53,970 ~-~-> 01:14:55,470
6811 I can't tell you the wonderful feeling
6812
6813 1704
6814 01:14:55,470 ~-~-> 01:14:58,890
6815 that gives me doing things like this and
6816
6817 1705
6818 01:14:58,890 ~-~-> 01:15:02,640
6819 I hope that you are are passionate
6820
6821 1706
6822 01:15:02,640 ~-~-> 01:15:06,390
6823 enough to return the currency that I'm
6824
6825 1707
6826 01:15:06,390 ~-~-> 01:15:09,870
6827 exchanging. I'm giving you my life work
6828
6829 1708
6830 01:15:10,500 ~-~-> 01:15:13,350
6831 just for story. And I want you to share
6832
6833 1709
6834 01:15:13,350 ~-~-> 01:15:15,450
6835 that with me. And you can always reach
6836
6837 1710
6838 01:15:15,450 ~-~-> 01:15:19,200
6839 me at inner circle trader@gmail.com or
6840
6841 1711
6842 01:15:19,260 ~-~-> 01:15:23,010
6843 ICT at the inner circle trader calm and
6844
6845 1712
6846 01:15:23,010 ~-~-> 01:15:24,840
6847 until I hear from you in the future, or
6848
6849 1713
6850 01:15:24,840 ~-~-> 01:15:26,430
6851 when we talk again in the next session.
6852
6853 1714
6854 01:15:26,940 ~-~-> 01:15:29,010
6855 I wish you good luck and good trading.