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3		-ICT: Okay, in the previous video, we
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	2	+|1 |00:00:18,390 ~-~-> 00:00:28,560 |ICT: Okay, in the previous video, we discussed how 6% compounded over a year, would more than double your account. And you can see that depicted here if one
	3	+|2 |00:00:28,770 ~-~-> 00:00:40,260 |hypothetically started with $5,000. And you were, in fact, consistently returning 6% per month, after one full year, January the following year 2015,
	4	+|3 |00:00:40,620 ~-~-> 00:00:52,650 |you would have just a little bit over, doubling your money at 5000 would be 10,000. Again, you can see this a little bit $60.98. And again, as I promised,
	5	+|4 |00:00:52,650 ~-~-> 00:01:03,330 |it's less than 25 pips per week. Now, I know, it sounds a little too good to be true. Being able to make just a little bit of pips like is for over a period of
	6	+|5 |00:01:03,330 ~-~-> 00:01:12,600 |a week, and still doing such a dramatic increase in your equity. And again, if you guys aren't excited about 6% per month, and you don't think that is dramatic
	7	+|6 |00:01:12,600 ~-~-> 00:01:23,730 |returns, and you obviously aren't really aware of what goes on in the investment world because this is a phenomenal return. Okay. But that's assuming you're
	8	+|7 |00:01:23,730 ~-~-> 00:01:34,110 |using a 30 PIP stop, which is extensively what I like to see new traders do because it gives you a little bit of flexibility for you allowing in their price
	9	+|8 |00:01:34,110 ~-~-> 00:01:45,840 |action, because most of us when we first start doing things, we're in a rush to do things or we are a little lethargic or apprehensive. So we may get in at most
	10	+|9 |00:01:45,840 ~-~-> 00:01:54,930 |of opportune time, we'll probably end up missing that as we develop as new traders. So I allow a 30 PIP stop. And I actually encourage traders to use the
	11	+|10 |00:01:54,930 ~-~-> 00:02:05,160 |30 PIP stop as an initial, if you're really really green to trading, you could use a 40 PIP stop, and that'll give you a lot more cushion as well. Now, don't
	12	+|11 |00:02:05,160 ~-~-> 00:02:16,320 |be discouraged because it's will be considered a large stop in some people's eyes. It's all relative, really. But we're going to assume that 6% is understood
	13	+|12 |00:02:16,320 ~-~-> 00:02:31,440 |here as a relatively achievable goal. Okay. And we're going to give you a case study to think about, I'm going to assume that the average person out there
	14	+|13 |00:02:31,890 ~-~-> 00:02:47,910 |would require about 30 $500 per month, it's US currency. Okay. And we'll give you a hypothetical scenario, if one would have to require a income of 30 $500
	15	+|14 |00:02:47,910 ~-~-> 00:03:01,170 |per month. My question to you is, if you're trading with just this goal in mind, 6% per month, in aiming for 23 pips for the week as a net, it's less than 100
	16	+|15 |00:03:01,170 ~-~-> 00:03:13,650 |pips per month, allowing you a 30 PIP stop, you're only risking 2% of your equity. Okay, looking at that, as it relates to trading with a $5,000 account,
	17	+|16 |00:03:14,190 ~-~-> 00:03:27,720 |even after three years, you still haven't reached that goal. Okay. Now, I'm doing this to show you realistically how you may encounter you may encounter
	18	+|17 |00:03:28,050 ~-~-> 00:03:39,990 |some lag time in your goals, that's fine. As long as you're moving ahead in the direction of your larger, longer term goal, every small incremental movement
	19	+|18 |00:03:39,990 ~-~-> 00:03:48,450 |towards that goal is a positive, okay? Again, it's not a race, it's not a sprint, this is a journey, you need to be enjoying it as you go through it.
	20	+|19 |00:03:48,720 ~-~-> 00:03:58,650 |Otherwise, you're gonna make it an arguable task, it's gonna be just like the thing you're trying to escape now, that j ob. So let's look at what I promised
	21	+|20 |00:03:59,130 ~-~-> 00:04:11,220 |you going forward that we would look at ways to make exponentially larger returns on our equity. And let's assume for a moment that you wanted to make a
	22	+|21 |00:04:11,220 ~-~-> 00:04:23,430 |very respectable 10% per month and we're not changing the amount of risk percentage wise we're gonna keep it a 2% suddenly, just by expecting a larger
	23	+|22 |00:04:23,430 ~-~-> 00:04:36,660 |10% return, we would need to net 38 pips Now again, this is rather reasonable there's nothing significantly new. You shocking about the level of pips that
	24	+|23 |00:04:36,660 ~-~-> 00:04:47,970 |would be required to earn that. Okay, you're only risking $3.33 per Pip. Okay, that's the that's the gearing using the 30 PIP stop over the course of one year.
	25	+|24 |00:04:48,480 ~-~-> 00:04:57,690 |Okay, your $5,000 will return a net balance of $15,692 now
	26	+|25 |00:05:00,359 ~-~-> 00:05:13,739 |Looking at that same model, that we would assume that 3500 hours would be one's expecting you return per month to live, okay, you'd have to have about $37,000
	27	+|26 |00:05:13,739 ~-~-> 00:05:24,419 |in your account to draw that out. Okay, or at least to make that over the, over the course of a year. Now, my advice is not to think that once you get to these
	28	+|27 |00:05:24,419 ~-~-> 00:05:36,179 |levels, you can start living off the account and start drawing out funds in the amount that's shown here. What I'm suggesting to you really is, that is, if
	29	+|28 |00:05:36,179 ~-~-> 00:05:44,459 |that's what you're aiming for, for a monthly income, you have to have some money in your account. Okay, I'm referring to your savings account or your bank
	30	+|29 |00:05:44,459 ~-~-> 00:05:53,309 |account to survive for the year and allow your money to build over the course of the 12 months. And then as long as you average around this same amount,
	31	+|30 |00:05:53,339 ~-~-> 00:06:02,309 |obviously, you won't be able to meet that annual salary requirement to live as a as a full time trader. That's the way I teach it as the way I tried to groom
	32	+|31 |00:06:02,309 ~-~-> 00:06:17,669 |traders, to leave the retail world of trading and just speculating for extra money, then moving into full time trading. The 10% return is it's pretty solid
	33	+|32 |00:06:17,669 ~-~-> 00:06:29,009 |return, there's nothing I can say bad about it. It does get you rich over a period of time. It doesn't do it quickly. But it does significantly increase
	34	+|33 |00:06:29,009 ~-~-> 00:06:41,759 |over a period of time. If you look at what transpires over the course of three years, your $5,000 obviously would grow to about $170,000. Now again, this is
	35	+|34 |00:06:41,759 ~-~-> 00:06:52,829 |assuming that you're not paying any taxes on it. And you are in fact hitting 10% return consistently every single month. Now, as you start, obviously, you may
	36	+|35 |00:06:52,829 ~-~-> 00:07:02,129 |not hit 10%. And then there may be other months where you do better than 10%. Okay, but overall, it should average out. If you're doing things consistently,
	37	+|36 |00:07:02,309 ~-~-> 00:07:11,669 |it should do staying around that 10% if you're looking at these returns here, less than 40 pips per week, and again, we haven't done anything to 30 pips stop.
	38	+|37 |00:07:13,079 ~-~-> 00:07:27,719 |Now the question is this. assume for a moment that you can fine tune your entries a little bit more precise. And over the course of this presentation in
	39	+|38 |00:07:27,719 ~-~-> 00:07:39,239 |series, where every new and or aspiring for our share, wants to know. We're going to teach specific applications, concepts and skill sets that will enable
	40	+|39 |00:07:39,239 ~-~-> 00:07:53,729 |you to reduce the amount of initial stop loss that's required. We're going to assume for a moment that we can now reduce our stop loss initially, to 20 pips,
	41	+|40 |00:07:54,419 ~-~-> 00:08:12,449 |okay. If we can take the same trades 2% per risk per trade rather, now we're trading with $5 per Pip. Notice it's still 2% $100 or 5000. equity. We're aiming
	42	+|41 |00:08:12,509 ~-~-> 00:08:26,009 |to make $500 or 10% for the month. Notice the contrast here. We had moved from needing to require making 150 pips now only down to 100 pips. Remember it was 90
	43	+|42 |00:08:26,009 ~-~-> 00:08:38,039 |pips before trying to make 6% return with 2% risk on 30 pips stops. Now watch what happens when we change it to 15 pips. Now many are thinking whoa 15 pips,
	44	+|43 |00:08:38,039 ~-~-> 00:08:46,619 |that's a really small stop. Well, there's ways to do that. And we're going to teach you that in this course. But now look what happens. We're under 20 pips
	45	+|44 |00:08:46,619 ~-~-> 00:08:59,969 |for the week, under 20 pips, only needing to make 75 pips for the entirety of the month, notice we didn't increase our risk, it's still 2% the risk would be a
	46	+|45 |00:08:59,969 ~-~-> 00:09:11,249 |loss of $100, still 2% of our neck equity of 5000, our beginning beginning balance, again, aiming for 10% return. Now, this is where it gets interesting.
	47	+|46 |00:09:12,899 ~-~-> 00:09:23,189 |Notice that these numbers and figures are not changing over here. The only thing I'm changing is the amount of initial stop loss that's required. Okay, we cut
	48	+|47 |00:09:24,029 ~-~-> 00:09:39,689 |the total monthly PIP expectancy from 150 in half down to 75. Only by adjusting and spending more time on accuracy and reducing our amount of PIP on the stops.
	49	+|48 |00:09:40,379 ~-~-> 00:09:50,219 |So in other words, we cut our 30 PIP stop loss in half to 15 pips. Now you're probably wondering, is it really possible to do that? Yes, it absolutely is. And
	50	+|49 |00:09:50,219 ~-~-> 00:09:56,969 |we're going to give examples of that in this video. But for now, understand that it's going to take you a little bit of time to get there. So again, it's all
	51	+|50 |00:09:56,969 ~-~-> 00:09:59,969 |about not rushing initially. You need to go
	52	+|51 |00:10:01,020 ~-~-> 00:10:02,010 |To this model
	53	+|52 |00:10:08,940 ~-~-> 00:10:20,670 |First, if you can't do this model 2323 pips per week, 90 pips for the month, using a 30 PIP Stop, don't think for a moment, you're gonna be able to do 15
	54	+|53 |00:10:20,670 ~-~-> 00:10:29,880 |pips stop loss treats, okay? You got to be able to grow into it. And it doesn't take long to do that it only takes a couple months, or six months, this is the
	55	+|54 |00:10:29,880 ~-~-> 00:10:40,950 |amount of time that you would require this whole six month bracket up here. If you can do 6%, consistently over six months, the only thing you're changing is
	56	+|55 |00:10:40,980 ~-~-> 00:10:51,330 |the initial stop loss amount. Because if you can prove to yourself and be consistent about the way you apply the concepts that we're sharing, the only
	57	+|56 |00:10:51,330 ~-~-> 00:11:04,380 |thing you're changing is the math. Okay, you're reducing the initial risk in half from 30 to 15. pips, nothing changes in percent risk, nothing changes in
	58	+|57 |00:11:04,380 ~-~-> 00:11:16,020 |the dollar amounts over here, okay. But your work that's required to do the trades and returns drop, rather exponentially less, you actually build a lot
	59	+|58 |00:11:16,020 ~-~-> 00:11:28,860 |more flexibility over here on this end, okay, in terms of monthly returns, and still never changing the total risk per trade. Now, let's go back and assume for
	60	+|59 |00:11:28,860 ~-~-> 00:11:42,300 |a moment that you want to make a 20% return now we're entering levels that are very, very phenomenal. Again, with a 30 PIP stop loss, you would need to make 75
	61	+|60 |00:11:42,300 ~-~-> 00:11:56,280 |pips. Now, if you've been a follower of mine, for any number of years, in 2010, I came up with the idea that if we're aiming for 50 to 75 pips, this was the
	62	+|61 |00:11:56,280 ~-~-> 00:12:06,780 |model I was teaching. Okay. But now we're going through the entire ICT library again. Now we're going to give you the Amplified view to make 20% return. Okay,
	63	+|62 |00:12:07,110 ~-~-> 00:12:18,840 |we're going to use the same model here. assume for a moment that we could go down to reducing our initial stop loss to 20 pips. We moved from needing to make
	64	+|63 |00:12:18,840 ~-~-> 00:12:33,270 |75 pips a week to 50 pips per week, notice we have not increased our risk per trade at all. 20% is still the expected goal. And using $5,000 as an equity base
	65	+|64 |00:12:33,390 ~-~-> 00:12:48,240 |example, after one year, it's $44,580 in two years is $397,000. Now, at month seven, you're already at the level where you're making that hypothetical 30 $500
	66	+|65 |00:12:48,240 ~-~-> 00:12:56,310 |to sustain yourself on a monthly basis. And again, I'm not arguing the fact that everyone can live on 3500 hours, I'm just using it as a case study. So please
	67	+|66 |00:12:56,310 ~-~-> 00:13:05,250 |don't send me emails saying, I really can't afford to live on 30 $500 I'm just using an example guys, so don't don't make more of it than it really is. Now for
	68	+|67 |00:13:05,250 ~-~-> 00:13:16,290 |a moment, let's assume that we are able to again, trim our stop loss order initial entries and reducing the overall risk to 15 pips. Now again, we're gonna
	69	+|68 |00:13:16,290 ~-~-> 00:13:24,930 |be using a day traders model for entry. Okay, but still using a 30 PIP stop, it was still respectable, and you can do 25 pips. But for now, assuming that we can
	70	+|69 |00:13:24,930 ~-~-> 00:13:33,510 |get very, very close to the marketplace and allow a 15 PIP stop loss. What will happen is
	71	+|70 |00:13:38,640 ~-~-> 00:13:52,140 |you reduced your total monthly PIP expectancy to half again, so now we need to only make 150 pips and we only need to make 38 pips for the week 38 pips for the
	72	+|71 |00:13:52,140 ~-~-> 00:14:05,040 |week, with an initial stop loss of 15 pips that's less than three to one. Think about that's less than three to one, one trade with a setup of less than three
	73	+|72 |00:14:05,040 ~-~-> 00:14:21,930 |to one would accomplish more than this. Okay, so now let's assume for a moment, going back to our original settings, we want to make 30% return. Now we're
	74	+|73 |00:14:21,930 ~-~-> 00:14:35,250 |absolutely in error areas where it's just unheard of for folks to make this. Again, looking at this, we would need to make 113 pips for the week or 450 pips
	75	+|74 |00:14:35,250 ~-~-> 00:14:45,180 |per month. Now, I know most of you are saying well, I can't make 450 pips per month. Well, you're probably right right now as a new trading or developing
	76	+|75 |00:14:45,180 ~-~-> 00:15:02,310 |trader, you probably can't do that. But using 2% risk and a 30 PIP stop, you would need to make 113 pips per week. Now looking at our example of trimming 20
	77	+|76 |00:15:02,490 ~-~-> 00:15:14,190 |PIP stop loss, we would need to only make 75 pips for the week, or 300 pips for the month. Now this is doable, you can still do 75 pips over a week, even with
	78	+|77 |00:15:14,190 ~-~-> 00:15:22,410 |the low volatility we have right now, currently in 2014. At the time of this recording, this is still doable, it's going to require some work, but still yet
	79	+|78 |00:15:22,410 ~-~-> 00:15:34,260 |it can be done. If you go back over to our example again, assume for a moment that we could reduce our risk to again 15 pips, we only need to make 56 pips for
	80	+|79 |00:15:34,260 ~-~-> 00:15:48,900 |the week, or 225 pips for the month, notice that we're not increasing the 2% risk per trade, it still stays locked at 2%. But it's allowing us a larger
	81	+|80 |00:15:49,020 ~-~-> 00:16:03,300 |dollar per PIP risk, and still maintain the 2% total risk per trade on the $5,000. Again, these numbers are not changing as we adjust the PIP amount in
	82	+|81 |00:16:03,300 ~-~-> 00:16:16,500 |terms of the initial stop loss, it just changes the expectancy on what you need to make to acquire 30% per month. Now a 30% per month, your $5,000 will grow to
	83	+|82 |00:16:16,500 ~-~-> 00:16:29,220 |$116,000. Now again, going back to our 30 $500 example of case study needing to make 35,000 hours to sustain oneself, you get into that region around the fourth
	84	+|83 |00:16:29,220 ~-~-> 00:16:43,380 |month if you're able to do 30% return now again, this is assuming that one can consistently month over month over month, do 30% returns my question to us this
	85	+|84 |00:16:44,760 ~-~-> 00:16:58,470 |if you can make 56 pips for the entire week. Okay, you'll hit this number every single month you'll do it the only thing it's gonna change is your dollar per
	86	+|85 |00:16:58,470 ~-~-> 00:17:32,430 |risk initially on on your your trades. Now let's go and look at assuming that we had a 20 PIP stop. Okay 20 PIP stop and you run this across the entire 36 months
	87	+|86 |00:17:33,180 ~-~-> 00:17:51,030 |example. Okay, you would need five hours per Pip, which 2% $100 of the total equity used for that month. Returning with 30% it's 15 $100 you only need to
	88	+|87 |00:17:51,030 ~-~-> 00:18:03,930 |make 75 pips. Here's the question. We have a 20 PIP stop loss. Again. Don't be confused but this is a notation. If you look at what we have here this is
	89	+|88 |00:18:05,220 ~-~-> 00:18:21,030 |denoting that the stop loss will be requiring 20 pips Okay, so now 20 pips stop loss if one word to make a trade with one to one reward to risk ratio, that
	90	+|89 |00:18:21,030 ~-~-> 00:18:32,940 |means you would expect to make what you're risking 20 you're hoping to make what 20 PIP gain. Okay, so now what if you were looking for a two to one trade?
	91	+|90 |00:18:35,010 ~-~-> 00:18:48,600 |That's two rewarded for one wrist, you would need to make a 40 PIP net gain on that trade. you're risking 20 pips, you're hoping to make 40 Now watch this. If
	92	+|91 |00:18:48,600 ~-~-> 00:19:04,620 |you were doing a three to one trade, risking 20 pips, you would expect to make what 60 pips risking 20 aiming for 60 that's a three to one trade. Now, here's
	93	+|92 |00:19:04,620 ~-~-> 00:19:18,960 |another example. If you're trying to make a four to one trade, you're risking 20 pips to make 80 pips 80 pips made on trade that's only risking 20 pips is
	94	+|93 |00:19:18,960 ~-~-> 00:19:30,060 |absolutely doable. It's gonna take some time and study to find them. Okay, but they're there. They're there every single month or every single week, and
	95	+|94 |00:19:30,060 ~-~-> 00:19:40,350 |sometimes, okay, you can catch them simply in a day trading scenario. Many times you'll have to require your trade to hold on to it for a few days to do that,
	96	+|95 |00:19:40,380 ~-~-> 00:19:52,530 |but you can still do it. Okay. But my question is this. If you're focused on doing these types of trades here where I'm trying to make my 20 pips per day or
	97	+|96 |00:19:52,530 ~-~-> 00:20:02,790 |I'm trying to make my 15 pips per day, okay, this right here gets most people in trouble because they're Trying to get in there every single day and try to make
	98	+|97 |00:20:02,790 ~-~-> 00:20:14,760 |those trades to make these pips. Okay? I give these examples here as as models to choose from because there's several scenarios that specific traders will find
	99	+|98 |00:20:14,760 ~-~-> 00:20:22,830 |themselves comfortable in position trading, swing trading, or day trading or scalping. And that's what this is designed for. This is the scalpers mentality
	100	+|99 |00:20:22,830 ~-~-> 00:20:36,420 |here or day traders column. This is what you would need to make as a short term trader, okay, or a swing trader here twice a week. And then for the weekly is
	101	+|100 |00:20:36,420 ~-~-> 00:20:45,960 |like a position trader you hold for the weekly range. And obviously, a long term trader would be looking for the monthly moves. Okay. So this is all broken down
	102	+|101 |00:20:45,960 ~-~-> 00:20:55,680 |with that mindset. You choose where you're going to be most appropriate in terms of what you're allowing your, your, your psyche to absorb. And most traders
	103	+|102 |00:20:55,680 ~-~-> 00:21:07,890 |can't do day trading most traders, you can't get in front of the charts because of jobs because of other things that are an obstacle for them. But there's other
	104	+|103 |00:21:07,890 ~-~-> 00:21:20,370 |ways to do this. Okay. And let's use the example that if you're looking for this scenario, right here, okay, we have the gearing is a 20 PIP stop, that's what
	105	+|104 |00:21:20,370 ~-~-> 00:21:31,800 |we're going to use. And we're only risking 2% and we're aiming for 30% return for the month. That means we have to do essentially what we have to find a trade
	106	+|105 |00:21:31,800 ~-~-> 00:21:43,860 |that's four to one reward the risk that will give us better than this. Okay, I'm just gonna move this a little bit just to show you something cuz right now it's
	107	+|106 |00:21:43,860 ~-~-> 00:21:58,290 |saying we need to make 75 pips per week to get 30% return. If my Oh yeah, it would be a wonderful return. To get 32% return, you got an 80 pips and that
	108	+|107 |00:21:58,290 ~-~-> 00:22:08,610 |would be that four to one scenario where you're risking 20 pips. Okay, let me just change this right now, as we're talking about to make, you know, a 20 PIP
	109	+|108 |00:22:08,610 ~-~-> 00:22:20,340 |stop loss, you're risking $5 per point, or PIP 2% risk total is $100, you're aiming for 32% that would equate to that for one scenario. Okay. So if you do
	110	+|109 |00:22:20,340 ~-~-> 00:22:35,340 |for one reward to risk setups, every single time you do a trade you will be in the realm that's required. okay to do one shot one kill setups per week, and he
	111	+|110 |00:22:35,340 ~-~-> 00:22:45,060 |would hit 32% return. Okay, so now let's look at a chart and see what that looks like and how those types of trades setup and how we can find four to one three
	112	+|111 |00:22:45,060 ~-~-> 00:22:58,980 |to one reward risk scenarios and keep our our stop losses really relatively tight. But before we do, let me go let me do this. Let's go back and do our
	113	+|112 |00:22:58,980 ~-~-> 00:23:14,130 |gearing for a 15 pips. And we'll use the same scenario of breaking it down what was required. Okay, so we're using a 15 PIP stop. You would need to make 56 pips
	114	+|113 |00:23:14,130 ~-~-> 00:23:30,480 |for the week. Okay. So 15 pips, right reward the risk of one to one you would need to make 15 pips net and two to one reward, the risk would be 30 pips for 15
	115	+|114 |00:23:30,480 ~-~-> 00:23:31,200 |pips risk
	116	+|115 |00:23:33,089 ~-~-> 00:23:45,239 |free one would be a 45 PIP to 15 Pip. ratio numbers you're looking to make 45 pips gain for 45 I'm sorry for 15 pips risk, you're trying to aim and make 45
	117	+|116 |00:23:45,239 ~-~-> 00:23:56,759 |pips four to one would give you 60 pips. Okay, you would need to make 60 pips for the 15 pips risk to make four to one. And again, that will be better than
	118	+|117 |00:23:56,759 ~-~-> 00:24:09,599 |this sets probably very close to this, so that we have here, so you would need to make 60 pips per week, risking 15 initially, with a four to one ratio, reward
	119	+|118 |00:24:09,599 ~-~-> 00:24:20,549 |to risk, and you would hit 30%. Now, again, this is all we're dealing with just this is just math, okay? And this is how easy it is, it's not hard to come up
	120	+|119 |00:24:20,549 ~-~-> 00:24:28,019 |with a strategy to get these ridiculous amounts of return. What makes it difficult is you got to be able to see how to do that in the charts. So let's go
	121	+|120 |00:24:28,019 ~-~-> 00:24:42,209 |over to the market and take a look at how that's done. Alright, we're looking at the British Pound USD pair. Okay, and I have some lines on here that we're gonna
	122	+|121 |00:24:42,419 ~-~-> 00:24:59,849 |utilize. And I want to show you what we have. We're going to assume for a moment that you thought that this 170 60 level down here would be an important support
	123	+|122 |00:24:59,849 ~-~-> 00:25:09,479 |level. Now I know you're probably thinking all right, Michael, you're already starting off with cherry picking scenario. Trust me, I am not. Let's go out to a
	124	+|123 |00:25:09,479 ~-~-> 00:25:26,879 |daily chart and I'll show you where that 170 60 comes from. Okay, we are looking at the levels on a daily chart. And you see this old high back here. The high on
	125	+|124 |00:25:26,879 ~-~-> 00:25:43,499 |this day comes in at 170 63. My concepts teach that we like to round our numbers to whole numbers, or if it's very, very, very tight volatility, you know, it's,
	126	+|125 |00:25:43,739 ~-~-> 00:25:52,379 |the rains are very tight, you're looking at and current price action, we'll use the five numbers, not all words will go between 20 and 30, we may use 25. Okay,
	127	+|126 |00:25:52,379 ~-~-> 00:26:03,989 |between 30 and 40, we may use 35. So we'd like to round the round numbers, or round two fives, okay. So if you're looking at a high on this day,
	128	+|127 |00:26:09,539 ~-~-> 00:26:24,869 |here it is the high of 170 63. That's essentially 170 60 or 170 65, I elected to go with 160, simply because that's one of the what I wanted to go with. If you
	129	+|128 |00:26:24,869 ~-~-> 00:26:34,889 |wanted to use 160 75 as your support level, it would be nothing wrong with that at all. Okay, but that's where the 170 60 comes from. And simple support
	130	+|129 |00:26:34,889 ~-~-> 00:26:43,919 |resistance teaches us that once this resistance level is broken to the upside, once price comes back down to it, we would reasonably expect a bounce or
	131	+|130 |00:26:43,919 ~-~-> 00:27:02,519 |reaction at that price point. And it just so happens that we happen to get that today on Tuesday. And let's go back down to a 15 minute timeframe. Okay, and
	132	+|131 |00:27:02,519 ~-~-> 00:27:13,529 |what we're looking at is the start of a new day here, this is where Tuesday began. Okay, we had some some consolidation in the market drifted lower and
	133	+|132 |00:27:13,529 ~-~-> 00:27:25,769 |traded right into that level right there, bang right into the low on this. This candle here, if I can get things to work with me, okay, we got the low of
	134	+|133 |00:27:25,769 ~-~-> 00:27:36,149 |170 60. Beautiful, okay. You may notice this little blue line here. Okay. And you may know this, this green line. And this red line, we're going to talk later
	135	+|134 |00:27:36,149 ~-~-> 00:27:46,619 |on in this series about this red line. And this line here. And this height line here, basically are the times that I asked you in the previous video to mark out
	136	+|135 |00:27:46,649 ~-~-> 00:27:59,939 |on your charts and study what takes place around those times of the day. Okay, price trades down into this level here. Okay, we're going to assume that you
	137	+|136 |00:27:59,939 ~-~-> 00:28:19,979 |believed that this was a bullish area to expect a bounce. Right, increase this so we can see it. Okay, so the level was 170 60 you always have to factor in the
	138	+|137 |00:28:19,979 ~-~-> 00:28:28,649 |spread. Okay, and we're just going to add five pips just for slippage and traditional retail spreads on the British Pound USD pair, okay, and that means
	139	+|138 |00:28:28,679 ~-~-> 00:28:44,309 |your limit order would come in around 170 65. So your your entry would be around here. Okay, we're gonna look at a scenario where you're buying want to limit
	140	+|139 |00:28:44,489 ~-~-> 00:28:54,089 |once price drops down on this candle here. You're gonna be buying that level. Okay, and what I just did, I just put a little tiny little rectangle here. Now
	141	+|140 |00:28:54,089 ~-~-> 00:29:05,609 |watch what happens it'll, it'll show up over here. Little numbers will pop up. See that? See the eight now it's in nine. There's 10 Okay, the range of the
	142	+|141 |00:29:05,609 ~-~-> 00:29:21,299 |rectangles height is now 10 pips. Here's 11 1213. And I lost it because we went into the little indicator box here. See if I can gain some more ground not doing
	143	+|142 |00:29:21,299 ~-~-> 00:29:43,529 |that. Okay, so there's 15 pips. So your entry would be at 170 65 and your, your your stop loss would rest 15 pips below your entry. And that's right here. Okay,
	144	+|143 |00:29:43,709 ~-~-> 00:29:55,589 |at 170 50 price has to trade down to that 170 50 level to stop you out. Okay, so that would be your the selling price because we're looking at data. That's the
	145	+|144 |00:29:55,589 ~-~-> 00:30:06,569 |sell price. So if as long as price stays above that one 7050 level, you would be in the trade. Now, this is where it gets interesting. We're going to zoom in.
	146	+|145 |00:30:09,329 ~-~-> 00:30:19,619 |Okay, and now we're going to take this take this range, okay? And what I'm going to do is I'm going to just move it over a little bit like that. Just to
	147	+|146 |00:30:19,619 ~-~-> 00:30:24,389 |differentiate. I'm going to show you
	148	+|147 |00:30:29,760 ~-~-> 00:30:42,870 |this would be from your entry. If you got out right up here at the top of the rectangle. That is a risk reward of one to one. Okay? We're gonna take a step
	149	+|148 |00:30:42,870 ~-~-> 00:30:49,500 |out farther. Okay, and that would be an exit point here.
	150	+|149 |00:30:54,720 ~-~-> 00:31:05,250 |He got out there. That will be a two to one. Okay, you're gaining two for every $1 you risk. Okay. We're going to move that out farther. Now. This is a three to
	151	+|150 |00:31:05,250 ~-~-> 00:31:16,260 |one. See, you're using that same amount of pips. Okay. 15 pips now three times. For one risk, this is a three to one reward risk ratio. We're gonna go out one
	152	+|151 |00:31:16,260 ~-~-> 00:31:27,180 |more step 1234. Gain to one risk, okay, so it's a four to one risk reward ratio.
	153	+|152 |00:31:36,299 ~-~-> 00:31:51,539 |We have 12345 ranges of 15 pips each, okay, so that's five reward to risk of one to five to one reward risk, okay. And to get five, the one you would have to get
	154	+|153 |00:31:51,539 ~-~-> 00:32:01,499 |out at around 171 40. Okay, now, we could go all the way up to the absolute high.
	155	+|154 |00:32:09,180 ~-~-> 00:32:22,440 |Like that, and that would be 12345678 to one, reward the risk ratio. And I know, you probably are thinking man, that's, that's incredible. Well, you'd be
	156	+|155 |00:32:22,440 ~-~-> 00:32:31,080 |surprised if you'd learned the concepts that we're going to be teaching in this series. And for those of you that watch the initial presentation over the last
	157	+|156 |00:32:31,140 ~-~-> 00:32:44,940 |four years or so, from 2010 on, you're going to get the amplification of that, which is what we're getting here. This is, this is real, really where I want you
	158	+|157 |00:32:44,940 ~-~-> 00:32:58,410 |to focus. Right here, you want this type of setup right there. You want that? Okay, you want four to one, and that's wealth building. Okay, four to one builds
	159	+|158 |00:32:58,410 ~-~-> 00:33:17,970 |millionaires. Notice also that inside inside of this day, just in Tuesday, okay, this is not a week. This is not a course of several days, this is just one day,
	160	+|159 |00:33:18,630 ~-~-> 00:33:30,510 |price came off that 170 60 level, and trade velvia with a range of 132 pips. Now, that's a nice, that's a nice range. It's, this is what you've probably been
	161	+|160 |00:33:30,510 ~-~-> 00:33:40,230 |used to, if you've been looking at forex, for a number of years. This, that's about the standard, a little bit more than a standard daily range for the cable.
	162	+|161 |00:33:40,500 ~-~-> 00:33:51,150 |Recently, we've entered into a small little volatility squeeze where nothing's really going on in the markets, unless, you know, one or two moves a week
	163	+|162 |00:33:51,450 ~-~-> 00:34:04,590 |creates a significant move and they haven't really been this significant many times. But this is an area where you can use that mindset of looking for a four
	164	+|163 |00:34:04,590 ~-~-> 00:34:18,330 |to one reward to risk. Okay, now, I'm going to give you another drill, we talked about looking at the swing points and the each candles high and low, and the
	165	+|164 |00:34:18,330 ~-~-> 00:34:26,640 |opening closing of those three candles on a swing point and drawing them out in time and looking at how the future reactions would occur around those particular
	166	+|165 |00:34:26,640 ~-~-> 00:34:44,520 |price points. The levels I have on this chart here, okay are rather important. We're gonna go out to a weekly Okay, and a weekly chart. Let's do this. Okay,
	167	+|166 |00:34:44,820 ~-~-> 00:34:59,700 |what I've shown here is just in the recent times, recent days, I delineated the red line is a weekly high, which is here. Okay, this swing high and all the
	168	+|167 |00:34:59,700 ~-~-> 00:35:14,940 |green levels, with the exception of this one here, this one's really should be read. Because it's changed. That is a weekly level. Okay and the green are
	169	+|168 |00:35:14,940 ~-~-> 00:35:27,180 |simply going to be based on daily highs. Okay, what you're looking at is daily highs and weekly highs and lows on both. Okay, and by doing that this is the
	170	+|169 |00:35:27,180 ~-~-> 00:35:41,310 |exercise. And you guys may remember this from the initial installment of excellent of execution, by international fair. When I was giving those initial
	171	+|170 |00:35:41,730 ~-~-> 00:35:53,220 |videos back in 2010, I did them silent. Now, this is amplification of the things that you were missing. By having the this low here, this is a high here, it
	172	+|171 |00:35:53,220 ~-~-> 00:36:09,630 |lines up. We have a high here, we have a high here. Okay, we have a high here, the exercise I gave was that you want to buy support levels or daily lows or
	173	+|172 |00:36:09,660 ~-~-> 00:36:19,620 |weekly lows, and use a 20 PIP stop with a 20 PIP profit objective. So you're you're trying to find reward risk of one to one, okay, and you want to sell
	174	+|173 |00:36:19,860 ~-~-> 00:36:34,770 |weekly highs and daily highs with a 20 PIP stop and looking to make 20 pips gain, okay. And we're gonna look at just simply the month of June to the present
	175	+|174 |00:36:34,770 ~-~-> 00:36:47,310 |time of this recording, which is the 15th of July 2014. Okay, and we're going to highlight that, just so we know where we're at, in reference to what's typically
	176	+|175 |00:36:47,310 ~-~-> 00:37:01,950 |shown in data, I just want to focus on just this little area, and I'm gonna go off white with it or change the background a little bit. Now I'm going to go
	177	+|176 |00:37:01,950 ~-~-> 00:37:05,730 |down to a 15 minute time frame.
	178	+|177 |00:37:07,980 ~-~-> 00:37:19,980 |Okay. And I want you to notice when we trade down to these levels here, okay, when we trade down into that level, okay, we're looking for reaction, and you
	179	+|178 |00:37:19,980 ~-~-> 00:37:33,060 |would be trading this reaction with the expectation of looking for a move of 20 pips. Okay, so when price trades down into that level, you would use that
	180	+|179 |00:37:33,300 ~-~-> 00:37:43,620 |specific price point, that would be 167 30. And the low and it's zoom in a little
	181	+|180 |00:37:43,620 ~-~-> 00:38:02,520 |bit. Price trades down into that level, which is identified by the exercise we just did, showing you how to how to arrive at them. The low
	182	+|181 |00:38:08,340 ~-~-> 00:38:28,530 |is 167 20. So you're buying at 167 30. The lowest of the low it went was just 10 pips below it. So your stop was never hit using a 20 PIP stop and looking at 20
	183	+|182 |00:38:28,530 ~-~-> 00:38:29,280 |pips gain,
	184	+|183 |00:38:42,060 ~-~-> 00:38:52,560 |you'd be buying here and getting out right there. Okay. That's the exercise. That's all there is to it. Now, again, the reason why is you're not trying to
	185	+|184 |00:38:52,800 ~-~-> 00:39:02,190 |find profits. That's not what you're trying to do. What you're doing is you're trying to follow a consistent plan of action. And it's to show you how your,
	186	+|185 |00:39:02,400 ~-~-> 00:39:13,740 |your mind is going to be trying to resist following the rules of being in a trading plan, okay? But it's also going to teach you that you can find a lot of
	187	+|186 |00:39:13,740 ~-~-> 00:39:21,990 |opportunities where things will line up for you, but you're also going to encounter days and opportunities where it doesn't work out for you. You will get
	188	+|187 |00:39:21,990 ~-~-> 00:39:30,750 |stopped out for 20 pips, and you beat you would do this and a demo account, okay? It's also going to teach you that you're not going to trade every single
	189	+|188 |00:39:30,750 ~-~-> 00:39:41,910 |day, but it will give you one trading setup per week. Notice the double lines here, see that that's a Sunday. So this whole day here is one day or Monday.
	190	+|189 |00:39:41,970 ~-~-> 00:39:52,380 |This is Tuesdays acting between vertical lines here and here, between this vertical line here, and here is Wednesday's trading. This is Thursday's trading.
	191	+|190 |00:39:52,740 ~-~-> 00:40:06,150 |This is Monday's trading, okay. Using this example, here, this is a resistance level, okay delineated from the weekly chart, you would sell at this price level
	192	+|191 |00:40:06,900 ~-~-> 00:40:20,970 |at 168 25 168 25. Right there, and your stop loss
	193	+|192 |00:40:27,210 ~-~-> 00:40:46,740 |would be up here. So, if you're selling at once exceed 25 price traded with the high if I can get my I'll do Hickey here to work with me. Let's get a little bit
	194	+|193 |00:40:46,740 ~-~-> 00:41:05,790 |tighter. The range high on that is 168 44. So in here 168 44 minutes close, you may depend upon what data feed you were using, and what broker you could have
	195	+|194 |00:41:05,790 ~-~-> 00:41:19,170 |got tagged down, it could have very well taken you out. So that would have been an opportunity, even though it did pan out and move from that level 20 pips and
	196	+|195 |00:41:19,170 ~-~-> 00:41:26,580 |would have paid on that one they you've could have, you could have very easily been stopped out. Okay. And that's it. That's the thing. That's an exercise for
	197	+|196 |00:41:26,580 ~-~-> 00:41:35,010 |you to see what it's like to go through that adversity. Okay, and still see it still moving right in the right direction. So here we have another example, just
	198	+|197 |00:41:35,010 ~-~-> 00:41:52,410 |doing the same thing. You will be selling at 168 25 as price trades right up to it. your stop loss again. You never touched. Okay? So here's where your stop
	199	+|198 |00:41:52,410 ~-~-> 00:42:03,810 |loss would be. 20 PIP take profit. Right down here on this candle, you'd be filled. That's it, you'd be out. Okay. And you would simply move to the
	200	+|199 |00:42:03,810 ~-~-> 00:42:14,670 |sidelines. Again, the other part of the trading exercises, you're taking specific surgical strikes and taking out pips, controlled risk, controlled
	201	+|200 |00:42:14,700 ~-~-> 00:42:22,110 |execution, you know, where you're getting in out, you know, when you're getting out at, you know exactly what you're doing, when you're doing it, why you're
	202	+|201 |00:42:22,110 ~-~-> 00:42:33,060 |doing it based on a specific price level that was delineated from a daily and weekly chart, which are the two highest important and institutional levels to be
	203	+|202 |00:42:33,060 ~-~-> 00:42:45,720 |paying attention to, again, that being the weekly and daily. So we had an example of a buy during that week. And we had an example of sell here for that
	204	+|203 |00:42:45,720 ~-~-> 00:42:55,170 |week, that would have panned out as an as a losing opportunity. We have a new week here starting on Sunday, right on Monday, we have that first opportunity to
	205	+|204 |00:42:55,170 ~-~-> 00:43:07,080 |trade boom, sell into that resistance and get your 20 pips done. Okay. Now, you can now also fine tune this a little bit, we discussed how to make 6%. Right?
	206	+|205 |00:43:07,320 ~-~-> 00:43:16,860 |You can test this theory of making 6% with one trade per week by saying okay, well I'm not going to use a 20 PIP stop loss and take profit at 20 pips, I'm
	207	+|206 |00:43:16,860 ~-~-> 00:43:31,080 |going to use a 30 PIP stop loss and aim to make 25 pips for the weekly goal. Yes, you're making less than your risk. But you're also aiming with the mindset
	208	+|207 |00:43:31,080 ~-~-> 00:43:40,530 |that slowly developing to where you could potentially look to make that 30 pips for the 30 pips risk, okay. And then you take this exercise one step further by
	209	+|208 |00:43:40,530 ~-~-> 00:43:53,400 |saying, Okay, well, if I can see these levels like this, why can't I take my stop loss and reduce it to a 15 PIP stop. So now if you're selling on that
	210	+|209 |00:43:53,400 ~-~-> 00:44:07,890 |level, here, your stop losses now. See that. So that's how we will use these exercises going forward. Okay, to groom you into doing the things that you need
	211	+|210 |00:44:07,890 ~-~-> 00:44:19,050 |to be doing. Again, this is one week starting here. Again, you're going to let other trades pass by you don't care about what the other market setups are
	212	+|211 |00:44:19,050 ~-~-> 00:44:33,180 |dealing you don't care about that. Where are we at here? We I did one trade before Yeah, that was the Monday so you'd be done for the week if you're doing
	213	+|212 |00:44:33,180 ~-~-> 00:44:46,650 |once once that one kill mentality in developing that. Here we have another area here where we're looking for 20 pips stop it sell that level at the figure at
	214	+|213 |00:44:46,650 ~-~-> 00:45:01,470 |170 even 20 PIP stop, never hit you. Does it pay you to 20 pips? Sure does. Boom. There's your one shot one kill set up. Drill for that. And it does give
	215	+|214 |00:45:01,470 ~-~-> 00:45:12,540 |you another one right here that would have paid you again to 20 pips. But once you get it you move to the sideline and you don't worry about it again. Here's
	216	+|215 |00:45:12,540 ~-~-> 00:45:26,790 |two scenarios right here where it does it again. Your stop is obviously never hit selling it at 160 I'm sorry 170 60
	217	+|216 |00:45:29,430 ~-~-> 00:45:42,900 |and looking at your 20 target taken right there you would have got filled same scenario here for another opportunity. Obviously stop never hit song at the big
	218	+|217 |00:45:42,900 ~-~-> 00:45:58,980 |figure on sorry 170 60 paying you your 20 pips right there. wonderful opportunity. Going into a new week. We have this Sunday here. All right, we have
	219	+|218 |00:46:00,540 ~-~-> 00:46:14,040 |price trading down to this level here. buying the level. Okay, we're at a resistance and support level based on dealing weekly, that red lines weekly. You
	220	+|219 |00:46:14,040 ~-~-> 00:46:22,650 |would be buying here with a stop loss 20 pips below, this is where you would absolutely be taken out of the trade rather quickly if you took it at all. Okay,
	221	+|220 |00:46:22,650 ~-~-> 00:46:32,640 |so that'd be a losing trade for you to actually feel and feel what it's like to go through that. Here's an area where you'd be selling that same level because
	222	+|221 |00:46:32,640 ~-~-> 00:46:45,330 |we traded right back up to it. your stop loss 20 pips away. So you'd sell right at that 170 figure stop loss would be up here. never hit? does it pay to 20
	223	+|222 |00:46:45,330 ~-~-> 00:47:01,830 |pips? Yes, it does. Okay. So you would be you would recoup the loss you took here, you would immediately right now be back to even for the week. Okay. And if
	224	+|223 |00:47:01,830 ~-~-> 00:47:11,430 |you were looking to sell, again, that level here, you would take a loss with this exercise. If you were taking again, it's assuming you take multiple
	225	+|224 |00:47:12,570 ~-~-> 00:47:23,340 |entries. So you would if you sold this level here, you'd be stopped out for your 20 PIP loss. Okay, and price comes back back down. This is a same level again,
	226	+|225 |00:47:23,730 ~-~-> 00:47:33,180 |you would be buying it now. Again for the exercise. Price comes down to that level. You buy it at 170 big figure stop loss is 20 pips below it never trades
	227	+|226 |00:47:33,180 ~-~-> 00:47:46,980 |there. does it pay your 20 pips? Yes. So now you took a loss here recouped it here. You took a loss here recouped here, your net even on the week and you go
	228	+|227 |00:47:46,980 ~-~-> 00:47:59,850 |out the week, not even that's a good exercise. That's a good learning experience for you that week. We go into a new week here up to a level Okay, you have a
	229	+|228 |00:47:59,850 ~-~-> 00:48:11,370 |stoploss above that level selling short blows you out 20 pips stop loss done. Okay, you're out a loss. So you start the week, again as a net loser. We got to
	230	+|229 |00:48:11,370 ~-~-> 00:48:23,700 |another level. Notice it doesn't get to it right here fell short of a little bit. You sell short on that level of stop losses above 171 80. Sell at that
	231	+|230 |00:48:23,700 ~-~-> 00:48:35,400 |price level and does it pay your 20 pips? Yes, it pays you. Okay, so you recoup the loss you took here. Now you're even for this week. There's two weeks, you
	232	+|231 |00:48:35,400 ~-~-> 00:48:40,740 |had no gains, but you're able to recoup the losses. Very, very important lesson.
	233	+|232 |00:48:46,140 ~-~-> 00:48:56,520 |Price comes down to this example we showed earlier in the video explaining how to get the four to one scenarios. So this is where we're at right now.
	234	+|233 |00:48:56,520 ~-~-> 00:49:13,380 |Presently. We traded up that same level here intraday. selling this level at 171 80. Using a 20. Pip stop never got tagged. Did it pay your 20 pips? Yes,
	235	+|234 |00:49:13,380 ~-~-> 00:49:24,540 |indeed. Okay, so you're able to capture this one here and capture this one here, using the trading exercises. And it's again, it's meant to develop your
	236	+|235 |00:49:25,410 ~-~-> 00:49:33,660 |consistency of following a plan, regardless of whatever that makes money every single time or not. You don't care whether or not if you get a trade every
	237	+|236 |00:49:33,660 ~-~-> 00:49:44,100 |single day, you're looking for weekly and daily highs and lows. Once they trade there, boom, you just go back over your charts of recent price action, you two,
	238	+|237 |00:49:44,100 ~-~-> 00:49:52,380 |three months at tops and go through those levels. Have them on your charts. Okay, delineate them and then color, you know, fashion you like I use red for
	239	+|238 |00:49:52,380 ~-~-> 00:50:01,380 |the weekly and green for the daily. It could be whatever, whatever you like. It doesn't have to be exactly how I'm showing it to you in turn. Colors and
	240	+|239 |00:50:01,410 ~-~-> 00:50:09,480 |thicknesses and all that. It's a matter of preference what you want to differentiate those levels based on whether the weekly or daily and don't think
	241	+|240 |00:50:09,480 ~-~-> 00:50:18,600 |too much about setting precedents over weekly being better than a daily for now just use the swing points and highs and lows that we discussed earlier in the
	242	+|241 |00:50:18,600 ~-~-> 00:50:31,410 |video to build the basis for the the initial steps and finding your excellence in execution. And until the next edition, I wish you good luck and good trading.
4	4
5		-2
6		-00:00:19,920 ~-~-> 00:00:22,590
7		-discussed how 6% compound that over a
8		-
9		-3
10		-00:00:22,590 ~-~-> 00:00:24,660
11		-year would more than double your
12		-
13		-4
14		-00:00:24,660 ~-~-> 00:00:27,630
15		-account. And you can see that depicted
16		-
17		-5
18		-00:00:27,630 ~-~-> 00:00:30,330
19		-here if one hypothetically started with
20		-
21		-6
22		-00:00:30,330 ~-~-> 00:00:32,790
23		-$5,000. And you were, in fact
24		-
25		-7
26		-00:00:32,790 ~-~-> 00:00:35,490
27		-consistently returning 6% per month,
28		-
29		-8
30		-00:00:36,240 ~-~-> 00:00:38,610
31		-after one full year, January of the
32		-
33		-9
34		-00:00:38,610 ~-~-> 00:00:41,490
35		-following year 2015, you would have just
36		-
37		-10
38		-00:00:41,490 ~-~-> 00:00:43,920
39		-a little bit over, doubling your money
40		-
41		-11
42		-00:00:43,920 ~-~-> 00:00:46,500
43		-at 5000 would be 10,000. Again, you can
44		-
45		-12
46		-00:00:46,500 ~-~-> 00:00:49,020
47		-see this a little bit $60 and 98 cents.
48		-
49		-13
50		-00:00:50,610 ~-~-> 00:00:53,490
51		-And again, as I promised, it's less than
52		-
53		-14
54		-00:00:53,490 ~-~-> 00:00:57,900
55		-25 pips per week. Now. I know it sounds
56		-
57		-15
58		-00:00:57,900 ~-~-> 00:01:00,810
59		-a little too good to be true. Being able
60		-
61		-16
62		-00:01:00,810 ~-~-> 00:01:02,220
63		-to make just a little bit of pips like
64		-
65		-17
66		-00:01:02,220 ~-~-> 00:01:04,290
67		-is for over a period of a week, and
68		-
69		-18
70		-00:01:04,290 ~-~-> 00:01:06,780
71		-still doing such a dramatic increase in
72		-
73		-19
74		-00:01:06,780 ~-~-> 00:01:09,000
75		-your equity. And again, if you guys
76		-
77		-20
78		-00:01:09,000 ~-~-> 00:01:11,520
79		-aren't excited about 6% per month, and
80		-
81		-21
82		-00:01:11,520 ~-~-> 00:01:12,600
83		-you don't think that is dramatic
84		-
85		-22
86		-00:01:12,600 ~-~-> 00:01:16,710
87		-returns, and you obviously aren't really
88		-
89		-23
90		-00:01:16,710 ~-~-> 00:01:19,080
91		-aware of what goes on in the investment
92		-
93		-24
94		-00:01:19,080 ~-~-> 00:01:20,850
95		-world, because this is a phenomenal
96		-
97		-25
98		-00:01:20,850 ~-~-> 00:01:23,730
99		-return. Okay. But that's assuming you're
100		-
101		-26
102		-00:01:23,730 ~-~-> 00:01:25,080
103		-using a 30 PIP stop, which is
104		-
105		-27
106		-00:01:25,080 ~-~-> 00:01:26,820
107		-essentially what I like to see new
108		-
109		-28
110		-00:01:26,820 ~-~-> 00:01:28,740
111		-traders do because it gives you a little
112		-
113		-29
114		-00:01:28,740 ~-~-> 00:01:32,970
115		-bit of flexibility for, you know,
116		-
117		-30
118		-00:01:33,000 ~-~-> 00:01:34,620
119		-allowing in their price action because
120		-
121		-31
122		-00:01:34,650 ~-~-> 00:01:36,330
123		-most of us when we first start doing
124		-
125		-32
126		-00:01:36,360 ~-~-> 00:01:39,060
127		-things, we're in a rush to do things or
128		-
129		-33
130		-00:01:39,060 ~-~-> 00:01:41,460
131		-we are a little lethargic or
132		-
133		-34
134		-00:01:42,990 ~-~-> 00:01:45,810
135		-apprehensive. So we may get in at most
136		-
137		-35
138		-00:01:45,810 ~-~-> 00:01:47,400
139		-of opportune time, we'll probably end up
140		-
141		-36
142		-00:01:47,430 ~-~-> 00:01:49,230
143		-missing that as we develop as new
144		-
145		-37
146		-00:01:49,230 ~-~-> 00:01:52,620
147		-traders. So I allow a 30 PIP stop, and I
148		-
149		-38
150		-00:01:52,830 ~-~-> 00:01:55,140
151		-actually encourage traders use the 30
152		-
153		-39
154		-00:01:55,140 ~-~-> 00:01:58,200
155		-PIP stop as an initial if you're really
156		-
157		-40
158		-00:01:58,200 ~-~-> 00:02:01,320
159		-really green to trading. You could use a
160		-
161		-41
162		-00:02:01,320 ~-~-> 00:02:03,030
163		-40 PIP stop and it will give you a lot
164		-
165		-42
166		-00:02:03,030 ~-~-> 00:02:05,220
167		-more cushion as well. Now, don't be
168		-
169		-43
170		-00:02:05,220 ~-~-> 00:02:06,960
171		-discouraged because it will be
172		-
173		-44
174		-00:02:06,960 ~-~-> 00:02:08,910
175		-considered a large stop in some people's
176		-
177		-45
178		-00:02:08,910 ~-~-> 00:02:12,150
179		-eyes. It's all relative, really. But
180		-
181		-46
182		-00:02:12,150 ~-~-> 00:02:15,870
183		-we're going to assume that 6% is
184		-
185		-47
186		-00:02:15,870 ~-~-> 00:02:18,120
187		-understood here as a relatively
188		-
189		-48
190		-00:02:19,470 ~-~-> 00:02:23,670
191		-achievable goal. Okay. And we're going
192		-
193		-49
194		-00:02:23,670 ~-~-> 00:02:25,710
195		-to give you a case study to think about,
196		-
197		-50
198		-00:02:26,670 ~-~-> 00:02:30,270
199		-I'm going to assume that the average
200		-
201		-51
202		-00:02:30,270 ~-~-> 00:02:34,440
203		-person out there would require about
204		-
205		-52
206		-00:02:34,530 ~-~-> 00:02:39,060
207		-30 $500 per month, it's US currency.
208		-
209		-53
210		-00:02:39,270 ~-~-> 00:02:41,400
211		-Okay. And we'll give you a hypothetical
212		-
213		-54
214		-00:02:41,700 ~-~-> 00:02:45,810
215		-scenario, if one would have to require a
216		-
217		-55
218		-00:02:45,990 ~-~-> 00:02:49,530
219		-income of 30 $500 per month. My question
220		-
221		-56
222		-00:02:49,530 ~-~-> 00:02:51,780
223		-to you is if you're trading with just
224		-
225		-57
226		-00:02:51,810 ~-~-> 00:02:55,770
227		-this goal in mind 6% per month, in
228		-
229		-58
230		-00:02:55,860 ~-~-> 00:02:58,560
231		-aiming for 23 pips for the week, as a
232		-
233		-59
234		-00:02:58,560 ~-~-> 00:03:02,070
235		-net Less than 100 pips per month,
236		-
237		-60
238		-00:03:02,580 ~-~-> 00:03:05,130
239		-allowing you a 30 PIP stop, you're only
240		-
241		-61
242		-00:03:05,130 ~-~-> 00:03:08,580
243		-risking 2% of your equity. Okay, looking
244		-
245		-62
246		-00:03:08,580 ~-~-> 00:03:12,570
247		-at that, as it relates to trading with a
248		-
249		-63
250		-00:03:12,570 ~-~-> 00:03:16,170
251		-$5,000 account, even after three years,
252		-
253		-64
254		-00:03:16,200 ~-~-> 00:03:17,850
255		-you still haven't reached that goal.
256		-
257		-65
258		-00:03:18,240 ~-~-> 00:03:21,210
259		-Okay? Now I'm doing this to show you
260		-
261		-66
262		-00:03:21,600 ~-~-> 00:03:26,910
263		-realistically how you may encounter you
264		-
265		-67
266		-00:03:26,910 ~-~-> 00:03:31,350
267		-may encounter some lag time in your
268		-
269		-68
270		-00:03:31,350 ~-~-> 00:03:33,780
271		-goals, that's fine. As long as you're
272		-
273		-69
274		-00:03:33,780 ~-~-> 00:03:36,450
275		-moving ahead in the direction of your
276		-
277		-70
278		-00:03:36,450 ~-~-> 00:03:39,030
279		-larger, longer term goal. Every small
280		-
281		-71
282		-00:03:39,030 ~-~-> 00:03:41,070
283		-incremental movement towards that goal
284		-
285		-72
286		-00:03:41,340 ~-~-> 00:03:44,040
287		-is a positive. Okay? Again, it's not a
288		-
289		-73
290		-00:03:44,040 ~-~-> 00:03:46,140
291		-race, it's not a sprint. This is a
292		-
293		-74
294		-00:03:46,140 ~-~-> 00:03:48,060
295		-journey to be enjoying it as you go
296		-
297		-75
298		-00:03:48,060 ~-~-> 00:03:49,590
299		-through it. Otherwise, you're gonna make
300		-
301		-76
302		-00:03:49,590 ~-~-> 00:03:51,990
303		-it an arduous task. It's gonna be just
304		-
305		-77
306		-00:03:51,990 ~-~-> 00:03:53,040
307		-like the thing you're trying to escape
308		-
309		-78
310		-00:03:53,040 ~-~-> 00:03:57,060
311		-now, that j ob. So now let's look at
312		-
313		-79
314		-00:03:57,330 ~-~-> 00:04:00,450
315		-what I promised you going forward that
316		-
317		-80
318		-00:04:00,450 ~-~-> 00:04:02,970
319		-we would look at ways to make
320		-
321		-81
322		-00:04:03,540 ~-~-> 00:04:05,580
323		-exponentially larger returns on our
324		-
325		-82
326		-00:04:05,580 ~-~-> 00:04:08,520
327		-equity. And let's assume for a moment
328		-
329		-83
330		-00:04:08,790 ~-~-> 00:04:11,520
331		-that you wanted to make it very
332		-
333		-84
334		-00:04:11,520 ~-~-> 00:04:15,210
335		-respectable 10% per month and we're not
336		-
337		-85
338		-00:04:15,270 ~-~-> 00:04:18,000
339		-changing the amount of risk percentage
340		-
341		-86
342		-00:04:18,000 ~-~-> 00:04:19,530
343		-wise we're going to keep it at 2%
344		-
345		-87
346		-00:04:20,880 ~-~-> 00:04:23,880
347		-suddenly, just by expecting a larger 10%
348		-
349		-88
350		-00:04:23,880 ~-~-> 00:04:27,630
351		-return, we would need to net 38 pips Now
352		-
353		-89
354		-00:04:27,630 ~-~-> 00:04:29,490
355		-again, this is rather reasonable,
356		-
357		-90
358		-00:04:29,490 ~-~-> 00:04:32,100
359		-there's nothing significantly, you know,
360		-
361		-91
362		-00:04:34,500 ~-~-> 00:04:36,660
363		-shocking about the level of pips that
364		-
365		-92
366		-00:04:36,660 ~-~-> 00:04:38,700
367		-would be required to earn that. Okay,
368		-
369		-93
370		-00:04:38,700 ~-~-> 00:04:41,340
371		-you're only risking $3 and 33 cents per
372		-
373		-94
374		-00:04:41,340 ~-~-> 00:04:43,590
375		-Pip. Okay, that's, that's the gearing
376		-
377		-95
378		-00:04:43,860 ~-~-> 00:04:47,310
379		-using the 30 PIP stop over the course of
380		-
381		-96
382		-00:04:47,310 ~-~-> 00:04:50,640
383		-one year. Okay, your $5,000 would return
384		-
385		-97
386		-00:04:51,840 ~-~-> 00:05:01,140
387		-a net balance of $15,692 now Looking at
388		-
389		-98
390		-00:05:01,140 ~-~-> 00:05:04,170
391		-that same model, that we would assume
392		-
393		-99
394		-00:05:04,170 ~-~-> 00:05:06,720
395		-that 30 $500 would be one's expected
396		-
397		-100
398		-00:05:08,130 ~-~-> 00:05:12,060
399		-return per month to live, okay, you'd
400		-
401		-101
402		-00:05:12,060 ~-~-> 00:05:13,980
403		-have to have about $37,000 in your
404		-
405		-102
406		-00:05:13,980 ~-~-> 00:05:17,040
407		-account to draw that out. Okay, or at
408		-
409		-103
410		-00:05:17,040 ~-~-> 00:05:19,170
411		-least to make that over the, over the
412		-
413		-104
414		-00:05:19,170 ~-~-> 00:05:23,280
415		-course of a year. Now, my advice is not
416		-
417		-105
418		-00:05:23,280 ~-~-> 00:05:24,390
419		-to think that once you get to these
420		-
421		-106
422		-00:05:24,390 ~-~-> 00:05:26,160
423		-levels, you can start living off the
424		-
425		-107
426		-00:05:26,160 ~-~-> 00:05:28,500
427		-account and start drawing out funds in
428		-
429		-108
430		-00:05:28,500 ~-~-> 00:05:32,790
431		-the amount it's shown here. What I'm
432		-
433		-109
434		-00:05:32,790 ~-~-> 00:05:36,180
435		-suggesting to you really is, that is if
436		-
437		-110
438		-00:05:36,180 ~-~-> 00:05:37,890
439		-that's what you're aiming for, for a
440		-
441		-111
442		-00:05:37,890 ~-~-> 00:05:40,410
443		-monthly income, you have to have some
444		-
445		-112
446		-00:05:40,410 ~-~-> 00:05:42,810
447		-money in your account. Okay, I'm going
448		-
449		-113
450		-00:05:42,810 ~-~-> 00:05:44,070
451		-to refer into your savings account or
452		-
453		-114
454		-00:05:44,070 ~-~-> 00:05:46,560
455		-your bank account to survive for the
456		-
457		-115
458		-00:05:46,560 ~-~-> 00:05:48,480
459		-year and allow your money to build over
460		-
461		-116
462		-00:05:48,930 ~-~-> 00:05:50,940
463		-the course of the 12 months and then as
464		-
465		-117
466		-00:05:50,940 ~-~-> 00:05:52,560
467		-long as you average around this same
468		-
469		-118
470		-00:05:52,830 ~-~-> 00:05:54,630
471		-amount, obviously, you would be able to
472		-
473		-119
474		-00:05:54,630 ~-~-> 00:05:57,570
475		-meet that annual salary requirement to
476		-
477		-120
478		-00:05:57,570 ~-~-> 00:06:00,000
479		-live as a as a full time trader. That's
480		-
481		-121
482		-00:06:00,000 ~-~-> 00:06:01,890
483		-The way I teach it is the way I tried to
484		-
485		-122
486		-00:06:01,890 ~-~-> 00:06:05,190
487		-groom traders to leave the retail world
488		-
489		-123
490		-00:06:05,310 ~-~-> 00:06:08,820
491		-of trading and just speculating for
492		-
493		-124
494		-00:06:08,820 ~-~-> 00:06:11,940
495		-extra money then moving into full time
496		-
497		-125
498		-00:06:11,940 ~-~-> 00:06:17,400
499		-trading. The 10% return is it's pretty
500		-
501		-126
502		-00:06:17,400 ~-~-> 00:06:19,890
503		-solid return, there's nothing I can say
504		-
505		-127
506		-00:06:19,890 ~-~-> 00:06:23,040
507		-bad about it. It does get you rich over
508		-
509		-128
510		-00:06:23,040 ~-~-> 00:06:25,350
511		-a period of time. It doesn't do it
512		-
513		-129
514		-00:06:25,350 ~-~-> 00:06:27,420
515		-quickly, but it does significantly
516		-
517		-130
518		-00:06:28,170 ~-~-> 00:06:30,240
519		-increase over a period of time. If you
520		-
521		-131
522		-00:06:30,240 ~-~-> 00:06:32,400
523		-look at what transpires over the course
524		-
525		-132
526		-00:06:32,430 ~-~-> 00:06:38,130
527		-of three years, you're $5,000 obviously
528		-
529		-133
530		-00:06:38,130 ~-~-> 00:06:41,520
531		-would grow to about $170,000. Now again,
532		-
533		-134
534		-00:06:41,520 ~-~-> 00:06:43,230
535		-this is assuming that you're not paying
536		-
537		-135
538		-00:06:43,230 ~-~-> 00:06:45,600
539		-any taxes on it, and you are in fact
540		-
541		-136
542		-00:06:45,600 ~-~-> 00:06:48,630
543		-hitting 10% return consistently every
544		-
545		-137
546		-00:06:48,630 ~-~-> 00:06:51,780
547		-single month. Now, as you start,
548		-
549		-138
550		-00:06:52,080 ~-~-> 00:06:53,910
551		-obviously, you may not hit 10% and then
552		-
553		-139
554		-00:06:53,940 ~-~-> 00:06:56,970
555		-there may be other months where you do
556		-
557		-140
558		-00:06:57,000 ~-~-> 00:06:59,820
559		-better than 10% Okay, but overall, you
560		-
561		-141
562		-00:06:59,820 ~-~-> 00:07:01,260
563		-should average out. If you're doing
564		-
565		-142
566		-00:07:01,260 ~-~-> 00:07:02,940
567		-things consistently, it should do
568		-
569		-143
570		-00:07:03,000 ~-~-> 00:07:04,980
571		-staying around that 10% if you're
572		-
573		-144
574		-00:07:04,980 ~-~-> 00:07:07,530
575		-looking at these returns here, less than
576		-
577		-145
578		-00:07:07,530 ~-~-> 00:07:10,290
579		-40 pips per week, and again, we haven't
580		-
581		-146
582		-00:07:10,290 ~-~-> 00:07:13,380
583		-done anything to 30 pips stop. Now the
584		-
585		-147
586		-00:07:13,380 ~-~-> 00:07:17,340
587		-question is this. assume for a moment
588		-
589		-148
590		-00:07:17,760 ~-~-> 00:07:22,320
591		-that you can fine tune your entries a
592		-
593		-149
594		-00:07:22,320 ~-~-> 00:07:25,590
595		-little bit more precise. And over the
596		-
597		-150
598		-00:07:25,590 ~-~-> 00:07:28,350
599		-course of this presentation in series,
600		-
601		-151
602		-00:07:28,410 ~-~-> 00:07:30,330
603		-where every new and or aspiring for our
604		-
605		-152
606		-00:07:30,330 ~-~-> 00:07:32,730
607		-share wants to know, we're going to
608		-
609		-153
610		-00:07:32,760 ~-~-> 00:07:36,510
611		-teach specific applications, concepts
612		-
613		-154
614		-00:07:36,510 ~-~-> 00:07:39,900
615		-and skill sets that will enable you to
616		-
617		-155
618		-00:07:39,930 ~-~-> 00:07:42,450
619		-reduce the amount of initial stop loss
620		-
621		-156
622		-00:07:42,450 ~-~-> 00:07:44,730
623		-that's required. We're going to assume
624		-
625		-157
626		-00:07:44,730 ~-~-> 00:07:49,530
627		-for a moment that we can now reduce our
628		-
629		-158
630		-00:07:49,530 ~-~-> 00:07:56,010
631		-stop loss initially to 20 pips, okay. If
632		-
633		-159
634		-00:07:56,010 ~-~-> 00:07:59,970
635		-we can take the same trades 2% per risk.
636		-
637		-160
638		-00:08:01,860 ~-~-> 00:08:04,050
639		-portrayed rather, now we're trading with
640		-
641		-161
642		-00:08:04,050 ~-~-> 00:08:09,600
643		-$5 per Pip. Notice it's still 2% $100 or
644		-
645		-162
646		-00:08:09,600 ~-~-> 00:08:13,440
647		-5000 equity. We're aiming to make $500
648		-
649		-163
650		-00:08:13,440 ~-~-> 00:08:17,100
651		-or 10% for the month. Notice the
652		-
653		-164
654		-00:08:17,100 ~-~-> 00:08:20,220
655		-contrast here. We had moved from needing
656		-
657		-165
658		-00:08:20,220 ~-~-> 00:08:23,940
659		-to require making 150 pips now only down
660		-
661		-166
662		-00:08:23,940 ~-~-> 00:08:26,280
663		-to 100 pips. Remember it was 90 pips
664		-
665		-167
666		-00:08:26,280 ~-~-> 00:08:29,100
667		-before trying to make 6% return with 2%
668		-
669		-168
670		-00:08:29,100 ~-~-> 00:08:31,830
671		-risk on 30 pips stops. Now watch what
672		-
673		-169
674		-00:08:31,830 ~-~-> 00:08:34,410
675		-happens when we change it to 15 pips.
676		-
677		-170
678		-00:08:36,000 ~-~-> 00:08:38,040
679		-Now many are thinking whoa 15 pips
680		-
681		-171
682		-00:08:38,040 ~-~-> 00:08:40,350
683		-that's a really small stop. Well,
684		-
685		-172
686		-00:08:40,440 ~-~-> 00:08:41,910
687		-there's ways to do that and we're going
688		-
689		-173
690		-00:08:41,910 ~-~-> 00:08:43,980
691		-to teach you that in this course. But
692		-
693		-174
694		-00:08:43,980 ~-~-> 00:08:46,320
695		-now look what happens. We're under 20
696		-
697		-175
698		-00:08:46,320 ~-~-> 00:08:50,490
699		-pips for the week, under 20 pips only
700		-
701		-176
702		-00:08:50,490 ~-~-> 00:08:53,580
703		-needed to make 75 pips for the entirety
704		-
705		-177
706		-00:08:53,790 ~-~-> 00:08:56,190
707		-of the month. Notice we didn't increase
708		-
709		-178
710		-00:08:56,190 ~-~-> 00:08:59,850
711		-our risk, it's still 2% to risk would be
712		-
713		-179
714		-00:08:59,850 ~-~-> 00:09:02,700
715		-a lot Loss of $100 still 2% of our net
716		-
717		-180
718		-00:09:03,120 ~-~-> 00:09:05,790
719		-equity of 5000. Our bidding beginning
720		-
721		-181
722		-00:09:05,790 ~-~-> 00:09:08,370
723		-mounts, again aiming for 10% return.
724		-
725		-182
726		-00:09:09,240 ~-~-> 00:09:11,250
727		-Now, this is where it gets interesting.
728		-
729		-183
730		-00:09:12,900 ~-~-> 00:09:14,430
731		-Notice that these numbers and figures
732		-
733		-184
734		-00:09:14,430 ~-~-> 00:09:16,710
735		-are not changing over here. Do anything
736		-
737		-185
738		-00:09:16,710 ~-~-> 00:09:18,990
739		-I'm changing is the amount of initial
740		-
741		-186
742		-00:09:18,990 ~-~-> 00:09:23,190
743		-stop loss that's required. Okay, we cut
744		-
745		-187
746		-00:09:24,030 ~-~-> 00:09:27,510
747		-the total monthly PIP expectancy from
748		-
749		-188
750		-00:09:27,510 ~-~-> 00:09:31,620
751		-150 in half down to 75. Only by
752		-
753		-189
754		-00:09:31,710 ~-~-> 00:09:34,770
755		-adjusting and spending more time on
756		-
757		-190
758		-00:09:34,770 ~-~-> 00:09:37,860
759		-accuracy and reducing our amount of PIP
760		-
761		-191
762		-00:09:38,610 ~-~-> 00:09:41,700
763		-on the stop. So in other words, we cut
764		-
765		-192
766		-00:09:41,700 ~-~-> 00:09:44,790
767		-our 30 PIP stop loss in half to 15 pips.
768		-
769		-193
770		-00:09:45,120 ~-~-> 00:09:46,920
771		-Now you're probably wondering, is it
772		-
773		-194
774		-00:09:46,920 ~-~-> 00:09:48,840
775		-really possible to do that? Yes, it
776		-
777		-195
778		-00:09:48,840 ~-~-> 00:09:50,640
779		-absolutely is. And we're going to give
780		-
781		-196
782		-00:09:50,640 ~-~-> 00:09:53,550
783		-examples of that in this video. But for
784		-
785		-197
786		-00:09:53,550 ~-~-> 00:09:55,080
787		-now, understand that it's going to take
788		-
789		-198
790		-00:09:55,080 ~-~-> 00:09:56,040
791		-you a little bit of time to get there.
792		-
793		-199
794		-00:09:56,040 ~-~-> 00:09:58,260
795		-So again, it's all about not rushing
796		-
797		-200
798		-00:09:58,260 ~-~-> 00:10:02,010
799		-initially. You need to go To this model
800		-
801		-201
802		-00:10:08,910 ~-~-> 00:10:13,140
803		-First, if you can't do this model 2323
804		-
805		-202
806		-00:10:13,140 ~-~-> 00:10:15,960
807		-pips per week, 90 pips for the month,
808		-
809		-203
810		-00:10:16,440 ~-~-> 00:10:18,990
811		-using a 30 PIP Stop, don't think for a
812		-
813		-204
814		-00:10:18,990 ~-~-> 00:10:20,670
815		-moment you're gonna be able to do 15
816		-
817		-205
818		-00:10:20,670 ~-~-> 00:10:22,890
819		-pips stop loss straight, okay? You got
820		-
821		-206
822		-00:10:22,890 ~-~-> 00:10:24,540
823		-to be able to grow into it. And it
824		-
825		-207
826		-00:10:24,540 ~-~-> 00:10:25,770
827		-doesn't take long to do that it only
828		-
829		-208
830		-00:10:25,770 ~-~-> 00:10:27,090
831		-takes a couple months, we're talking
832		-
833		-209
834		-00:10:27,090 ~-~-> 00:10:30,210
835		-about six months. This is the amount of
836		-
837		-210
838		-00:10:30,210 ~-~-> 00:10:32,550
839		-time that you would require this whole
840		-
841		-211
842		-00:10:32,670 ~-~-> 00:10:35,580
843		-six month bracket up here. If you can do
844		-
845		-212
846		-00:10:35,580 ~-~-> 00:10:38,940
847		-6% consistently over six months, the
848		-
849		-213
850		-00:10:38,940 ~-~-> 00:10:41,160
851		-only thing you're changing is the
852		-
853		-214
854		-00:10:41,160 ~-~-> 00:10:43,200
855		-initial stop loss amount. Because if you
856		-
857		-215
858		-00:10:43,200 ~-~-> 00:10:46,290
859		-can prove to yourself and be consistent
860		-
861		-216
862		-00:10:46,290 ~-~-> 00:10:49,260
863		-about the way you apply the concepts
864		-
865		-217
866		-00:10:49,260 ~-~-> 00:10:51,510
867		-that we're sharing, the only thing
868		-
869		-218
870		-00:10:51,510 ~-~-> 00:10:53,910
871		-you're changing is the math. Okay,
872		-
873		-219
874		-00:10:54,600 ~-~-> 00:10:57,840
875		-you're reducing the initial risk in half
876		-
877		-220
878		-00:10:57,840 ~-~-> 00:11:01,560
879		-from 30 to 15 pips Nothing changes in
880		-
881		-221
882		-00:11:01,830 ~-~-> 00:11:04,440
883		-percent risk, nothing changes in the
884		-
885		-222
886		-00:11:04,440 ~-~-> 00:11:07,740
887		-dollar amounts over here, okay? But your
888		-
889		-223
890		-00:11:08,040 ~-~-> 00:11:10,740
891		-work that's required to do the trades
892		-
893		-224
894		-00:11:10,740 ~-~-> 00:11:14,010
895		-and returns drop rather exponentially
896		-
897		-225
898		-00:11:14,460 ~-~-> 00:11:16,470
899		-unless you actually build a lot more
900		-
901		-226
902		-00:11:17,970 ~-~-> 00:11:20,670
903		-flexibility over here on this end, okay
904		-
905		-227
906		-00:11:20,670 ~-~-> 00:11:22,800
907		-in terms of monthly returns and still
908		-
909		-228
910		-00:11:22,800 ~-~-> 00:11:25,890
911		-never changing, total risk portrayed.
912		-
913		-229
914		-00:11:26,610 ~-~-> 00:11:28,890
915		-Now let's go back and assume for a
916		-
917		-230
918		-00:11:28,890 ~-~-> 00:11:31,500
919		-moment that you want to make a 20%
920		-
921		-231
922		-00:11:31,500 ~-~-> 00:11:33,120
923		-return now we're entering levels that
924		-
925		-232
926		-00:11:33,120 ~-~-> 00:11:38,850
927		-are very, very phenomenal. Again, with a
928		-
929		-233
930		-00:11:38,850 ~-~-> 00:11:41,100
931		-30 PIP stop loss you would need to make
932		-
933		-234
934		-00:11:41,130 ~-~-> 00:11:44,550
935		-75 pips. Now if you've been a follower
936		-
937		-235
938		-00:11:44,550 ~-~-> 00:11:47,580
939		-of mine, for any number of years, in
940		-
941		-236
942		-00:11:47,580 ~-~-> 00:11:52,260
943		-2010, I came out with the idea that if
944		-
945		-237
946		-00:11:52,260 ~-~-> 00:11:56,190
947		-we're aiming for 50 to 75 pips, this was
948		-
949		-238
950		-00:11:56,190 ~-~-> 00:11:59,010
951		-the model I was teaching. Okay. But now
952		-
953		-239
954		-00:11:59,010 ~-~-> 00:12:01,200
955		-we're going through The entire ICT
956		-
957		-240
958		-00:12:01,200 ~-~-> 00:12:02,400
959		-library again now we're going to give
960		-
961		-241
962		-00:12:02,400 ~-~-> 00:12:05,010
963		-you the Amplified view to make 20%
964		-
965		-242
966		-00:12:05,010 ~-~-> 00:12:07,890
967		-return. Okay, we're going to use the
968		-
969		-243
970		-00:12:07,890 ~-~-> 00:12:11,370
971		-same model here. assume for a moment we
972		-
973		-244
974		-00:12:11,370 ~-~-> 00:12:14,280
975		-go down to reducing our initial stop
976		-
977		-245
978		-00:12:14,280 ~-~-> 00:12:18,540
979		-loss to 20 pips. We moved from needing
980		-
981		-246
982		-00:12:18,540 ~-~-> 00:12:21,120
983		-to make 75 pips a week 250 pips per
984		-
985		-247
986		-00:12:21,120 ~-~-> 00:12:24,810
987		-week, notice we have not increased our
988		-
989		-248
990		-00:12:24,990 ~-~-> 00:12:28,890
991		-risk per trade at all. 20% is still the
992		-
993		-249
994		-00:12:28,890 ~-~-> 00:12:32,370
995		-expected goal. And using $5,000 as an
996		-
997		-250
998		-00:12:32,370 ~-~-> 00:12:35,160
999		-equity base example, after one year,
1000		-
1001		-251
1002		-00:12:35,160 ~-~-> 00:12:39,030
1003		-it's $44,580. In two years, it's
1004		-
1005		-252
1006		-00:12:39,030 ~-~-> 00:12:44,670
1007		-$397,000. Now, at month seven, you're
1008		-
1009		-253
1010		-00:12:44,670 ~-~-> 00:12:46,200
1011		-already at the level where you're making
1012		-
1013		-254
1014		-00:12:46,200 ~-~-> 00:12:48,870
1015		-that hypothetical 30 $500 to sustain
1016		-
1017		-255
1018		-00:12:48,870 ~-~-> 00:12:51,240
1019		-yourself on a monthly basis. And again,
1020		-
1021		-256
1022		-00:12:51,540 ~-~-> 00:12:53,430
1023		-I'm not arguing the fact that everyone
1024		-
1025		-257
1026		-00:12:53,430 ~-~-> 00:12:55,320
1027		-can live on 30 $500 I'm just using it as
1028		-
1029		-258
1030		-00:12:55,320 ~-~-> 00:12:56,730
1031		-a case study. So please don't send me
1032		-
1033		-259
1034		-00:12:56,730 ~-~-> 00:12:58,650
1035		-emails saying, I really can't afford to
1036		-
1037		-260
1038		-00:12:58,650 ~-~-> 00:13:00,810
1039		-live on 30 $500 I'm just Using example
1040		-
1041		-261
1042		-00:13:00,810 ~-~-> 00:13:03,000
1043		-guy so don't know don't make more of it
1044		-
1045		-262
1046		-00:13:03,000 ~-~-> 00:13:05,610
1047		-than it really is. Now for a moment,
1048		-
1049		-263
1050		-00:13:06,090 ~-~-> 00:13:08,190
1051		-let's assume that we are able to again
1052		-
1053		-264
1054		-00:13:08,280 ~-~-> 00:13:11,970
1055		-trim our stop loss order initial entries
1056		-
1057		-265
1058		-00:13:12,000 ~-~-> 00:13:14,580
1059		-and reducing the overall risk to 15
1060		-
1061		-266
1062		-00:13:14,580 ~-~-> 00:13:16,560
1063		-pips. Now again, we're going to be using
1064		-
1065		-267
1066		-00:13:16,560 ~-~-> 00:13:19,080
1067		-a day traders model for entry. Okay, but
1068		-
1069		-268
1070		-00:13:19,110 ~-~-> 00:13:21,120
1071		-still using a 30 PIP stop, it was still
1072		-
1073		-269
1074		-00:13:21,120 ~-~-> 00:13:23,490
1075		-respectable and you can do 25 pips. But
1076		-
1077		-270
1078		-00:13:23,490 ~-~-> 00:13:25,650
1079		-for now, assuming that we can get very,
1080		-
1081		-271
1082		-00:13:25,650 ~-~-> 00:13:29,670
1083		-very close to the marketplace and allow
1084		-
1085		-272
1086		-00:13:29,670 ~-~-> 00:13:33,510
1087		-a 15 PIP stop loss. What will happen is
1088		-
1089		-273
1090		-00:13:38,640 ~-~-> 00:13:40,710
1091		-you reduce your total monthly PIP
1092		-
1093		-274
1094		-00:13:40,740 ~-~-> 00:13:44,250
1095		-expectancy to half again, so now we need
1096		-
1097		-275
1098		-00:13:44,250 ~-~-> 00:13:47,850
1099		-to only make 150 pips and we only need
1100		-
1101		-276
1102		-00:13:47,850 ~-~-> 00:13:52,050
1103		-to make 38 pips for the week 38 pips for
1104		-
1105		-277
1106		-00:13:52,050 ~-~-> 00:13:54,900
1107		-the week with an initial stop loss of 15
1108		-
1109		-278
1110		-00:13:54,900 ~-~-> 00:14:00,270
1111		-pips that's less than three to one Think
1112		-
1113		-279
1114		-00:14:00,270 ~-~-> 00:14:02,370
1115		-about that's less than three to one. One
1116		-
1117		-280
1118		-00:14:02,370 ~-~-> 00:14:05,160
1119		-trade with a setup of less than three to
1120		-
1121		-281
1122		-00:14:05,160 ~-~-> 00:14:08,400
1123		-one would accomplish more than this.
1124		-
1125		-282
1126		-00:14:09,120 ~-~-> 00:14:12,900
1127		-Okay, so now let's assume for a moment,
1128		-
1129		-283
1130		-00:14:13,080 ~-~-> 00:14:16,620
1131		-going back to our original settings, we
1132		-
1133		-284
1134		-00:14:16,620 ~-~-> 00:14:21,930
1135		-want to make 30% return. Now we're
1136		-
1137		-285
1138		-00:14:21,930 ~-~-> 00:14:24,810
1139		-absolutely in error areas where it's
1140		-
1141		-286
1142		-00:14:24,810 ~-~-> 00:14:27,270
1143		-just unheard of for folks to make this.
1144		-
1145		-287
1146		-00:14:27,570 ~-~-> 00:14:30,360
1147		-Again, looking at this, we would need to
1148		-
1149		-288
1150		-00:14:30,360 ~-~-> 00:14:35,250
1151		-make 113 pips for the week, or 450 pips
1152		-
1153		-289
1154		-00:14:35,250 ~-~-> 00:14:39,090
1155		-per month. Now, I know most of you are
1156		-
1157		-290
1158		-00:14:39,090 ~-~-> 00:14:41,640
1159		-saying, well, I can't make 450 pips per
1160		-
1161		-291
1162		-00:14:41,640 ~-~-> 00:14:43,620
1163		-month. Well, you're probably right right
1164		-
1165		-292
1166		-00:14:43,620 ~-~-> 00:14:45,150
1167		-now as a new trading or developing
1168		-
1169		-293
1170		-00:14:45,150 ~-~-> 00:14:47,340
1171		-trader, you probably can't do that. But
1172		-
1173		-294
1174		-00:14:47,340 ~-~-> 00:14:51,390
1175		-using 2% risk and a 30 PIP stop, you
1176		-
1177		-295
1178		-00:14:51,390 ~-~-> 00:14:53,790
1179		-would need to make 113 pips per week.
1180		-
1181		-296
1182		-00:14:54,510 ~-~-> 00:14:58,200
1183		-Now looking at our example of trimming
1184		-
1185		-297
1186		-00:15:01,740 ~-~-> 00:15:06,570
1187		-20 pips stop loss, we would need to only
1188		-
1189		-298
1190		-00:15:06,570 ~-~-> 00:15:09,840
1191		-make 75 pips for the week, or 300 pips
1192		-
1193		-299
1194		-00:15:09,840 ~-~-> 00:15:12,270
1195		-for the month. Now this is doable, you
1196		-
1197		-300
1198		-00:15:12,270 ~-~-> 00:15:14,070
1199		-can still do 75 pips over a week, even
1200		-
1201		-301
1202		-00:15:14,070 ~-~-> 00:15:15,510
1203		-with the low volatility we have right
1204		-
1205		-302
1206		-00:15:15,510 ~-~-> 00:15:18,060
1207		-now, currently in 2014. At the time of
1208		-
1209		-303
1210		-00:15:18,060 ~-~-> 00:15:20,430
1211		-this recording, this is still doable,
1212		-
1213		-304
1214		-00:15:20,490 ~-~-> 00:15:21,960
1215		-it's going to require some work, but
1216		-
1217		-305
1218		-00:15:21,960 ~-~-> 00:15:24,540
1219		-still yet it can be done. If you go back
1220		-
1221		-306
1222		-00:15:24,540 ~-~-> 00:15:26,550
1223		-over to our example again, assume for a
1224		-
1225		-307
1226		-00:15:26,550 ~-~-> 00:15:28,980
1227		-moment that we can reduce our risk to
1228		-
1229		-308
1230		-00:15:29,160 ~-~-> 00:15:30,540
1231		-again 15 pips
1232		-
1233		-309
1234		-00:15:31,800 ~-~-> 00:15:34,320
1235		-we only need to make 56 pips for the
1236		-
1237		-310
1238		-00:15:34,320 ~-~-> 00:15:39,030
1239		-week, or 225 pips for the month. Notice
1240		-
1241		-311
1242		-00:15:39,030 ~-~-> 00:15:42,270
1243		-that we're not increasing the 2% risk
1244		-
1245		-312
1246		-00:15:42,480 ~-~-> 00:15:45,390
1247		-per trade, it still stays locked at 2%.
1248		-
1249		-313
1250		-00:15:46,380 ~-~-> 00:15:49,680
1251		-But it's allowing us a larger dollar per
1252		-
1253		-314
1254		-00:15:49,680 ~-~-> 00:15:54,870
1255		-PIP risk and still maintain the 2% total
1256		-
1257		-315
1258		-00:15:54,870 ~-~-> 00:15:58,350
1259		-risk portrayed on the $5,000. Again,
1260		-
1261		-316
1262		-00:15:58,380 ~-~-> 00:16:00,210
1263		-these numbers are not changing as We
1264		-
1265		-317
1266		-00:16:00,210 ~-~-> 00:16:03,720
1267		-adjust the PIP amount in terms of
1268		-
1269		-318
1270		-00:16:03,750 ~-~-> 00:16:06,360
1271		-initial stop loss, it just changes the
1272		-
1273		-319
1274		-00:16:06,360 ~-~-> 00:16:09,810
1275		-expectancy on what you need to make to
1276		-
1277		-320
1278		-00:16:09,810 ~-~-> 00:16:13,950
1279		-acquire 30% per month. Now at 30% per
1280		-
1281		-321
1282		-00:16:13,950 ~-~-> 00:16:16,500
1283		-month, your $5,000 will grow to
1284		-
1285		-322
1286		-00:16:16,530 ~-~-> 00:16:19,170
1287		-$116,000. Now, again, going back to our
1288		-
1289		-323
1290		-00:16:19,170 ~-~-> 00:16:22,860
1291		-3500 an hour example of, you know, case
1292		-
1293		-324
1294		-00:16:22,860 ~-~-> 00:16:25,320
1295		-study needing to make 3500 hours to
1296		-
1297		-325
1298		-00:16:25,320 ~-~-> 00:16:27,810
1299		-sustain oneself, you get into that
1300		-
1301		-326
1302		-00:16:27,810 ~-~-> 00:16:30,180
1303		-region around the fourth month if you're
1304		-
1305		-327
1306		-00:16:30,180 ~-~-> 00:16:34,530
1307		-able to do 30% return Now, again, this
1308		-
1309		-328
1310		-00:16:34,530 ~-~-> 00:16:37,560
1311		-is assuming that one can consistently
1312		-
1313		-329
1314		-00:16:38,370 ~-~-> 00:16:40,980
1315		-month over month over month to 30%
1316		-
1317		-330
1318		-00:16:40,980 ~-~-> 00:16:45,270
1319		-returns. My question to us this if you
1320		-
1321		-331
1322		-00:16:45,270 ~-~-> 00:16:49,710
1323		-can make 56 pips for the entire week,
1324		-
1325		-332
1326		-00:16:50,790 ~-~-> 00:16:55,440
1327		-okay. You'll hit this number. every
1328		-
1329		-333
1330		-00:16:55,440 ~-~-> 00:16:56,910
1331		-single month you'll do it. The only
1332		-
1333		-334
1334		-00:16:56,910 ~-~-> 00:16:57,840
1335		-thing it's going to change is your
1336		-
1337		-335
1338		-00:16:57,840 ~-~-> 00:17:00,990
1339		-dollar per risk. You know, in your On on
1340		-
1341		-336
1342		-00:17:00,990 ~-~-> 00:17:05,940
1343		-your your trades. Now let's go and look
1344		-
1345		-337
1346		-00:17:05,970 ~-~-> 00:17:16,140
1347		-at assuming that we had a 20 PIP stop.
1348		-
1349		-338
1350		-00:17:17,100 ~-~-> 00:17:27,210
1351		-Okay 20 PIP stop and you run this across
1352		-
1353		-339
1354		-00:17:27,390 ~-~-> 00:17:37,470
1355		-the entire 36 month example. Okay, you
1356		-
1357		-340
1358		-00:17:37,470 ~-~-> 00:17:43,260
1359		-would need $5 per Pip, which 2% $100 of
1360		-
1361		-341
1362		-00:17:43,260 ~-~-> 00:17:46,110
1363		-the total equity used for that month
1364		-
1365		-342
1366		-00:17:46,650 ~-~-> 00:17:50,820
1367		-returning 30% it's 1500 dollars you only
1368		-
1369		-343
1370		-00:17:50,820 ~-~-> 00:17:54,450
1371		-need to make 75 pips. Here's a question.
1372		-
1373		-344
1374		-00:17:55,950 ~-~-> 00:18:00,510
1375		-We have a 20 PIP stop loss again Don't
1376		-
1377		-345
1378		-00:18:00,510 ~-~-> 00:18:02,610
1379		-be confused but this is a notation. If
1380		-
1381		-346
1382		-00:18:02,610 ~-~-> 00:18:03,930
1383		-you look at what we have here this is
1384		-
1385		-347
1386		-00:18:05,250 ~-~-> 00:18:08,280
1387		-denoting the stop loss with requiring 20
1388		-
1389		-348
1390		-00:18:08,280 ~-~-> 00:18:13,200
1391		-pips. Okay, so now 20 pips stop loss if
1392		-
1393		-349
1394		-00:18:13,290 ~-~-> 00:18:18,510
1395		-one were to make a trade with one to one
1396		-
1397		-350
1398		-00:18:18,570 ~-~-> 00:18:21,720
1399		-reward to risk ratio, that means you
1400		-
1401		-351
1402		-00:18:21,720 ~-~-> 00:18:24,000
1403		-would expect to make what you're risking
1404		-
1405		-352
1406		-00:18:24,000 ~-~-> 00:18:27,120
1407		-20 you're hoping to make what 20 PIP
1408		-
1409		-353
1410		-00:18:27,120 ~-~-> 00:18:30,060
1411		-gain. Okay, so now what if you were
1412		-
1413		-354
1414		-00:18:30,060 ~-~-> 00:18:35,580
1415		-looking for a two to one trait that's
1416		-
1417		-355
1418		-00:18:35,910 ~-~-> 00:18:39,000
1419		-two rewarded for one wrist. You would
1420		-
1421		-356
1422		-00:18:39,000 ~-~-> 00:18:42,150
1423		-need to make a 40 PIP net gain on that
1424		-
1425		-357
1426		-00:18:42,150 ~-~-> 00:18:44,370
1427		-trade. you're risking 20 pips, you're
1428		-
1429		-358
1430		-00:18:44,370 ~-~-> 00:18:48,720
1431		-hoping to make 40 Now watch this. If you
1432		-
1433		-359
1434		-00:18:48,720 ~-~-> 00:18:53,370
1435		-were doing a three to one trade, risking
1436		-
1437		-360
1438		-00:18:53,370 ~-~-> 00:18:57,630
1439		-20 pips you would expect to make 160
1440		-
1441		-361
1442		-00:18:57,630 ~-~-> 00:19:02,250
1443		-pips risking 20 Aiming for 60 that's a
1444		-
1445		-362
1446		-00:19:02,250 ~-~-> 00:19:04,890
1447		-three to one trade. Now, here's another
1448		-
1449		-363
1450		-00:19:04,890 ~-~-> 00:19:07,650
1451		-example. If you're trying to make a four
1452		-
1453		-364
1454		-00:19:07,650 ~-~-> 00:19:11,010
1455		-to one trade, you're risking 20 pips to
1456		-
1457		-365
1458		-00:19:11,010 ~-~-> 00:19:16,530
1459		-make 80 pips. 80 pips made on a trade
1460		-
1461		-366
1462		-00:19:16,590 ~-~-> 00:19:18,960
1463		-that's only risking 20 pips is
1464		-
1465		-367
1466		-00:19:18,960 ~-~-> 00:19:19,920
1467		-absolutely doable.
1468		-
1469		-368
1470		-00:19:20,490 ~-~-> 00:19:22,890
1471		-It's going to take some time and study
1472		-
1473		-369
1474		-00:19:22,890 ~-~-> 00:19:26,130
1475		-to find them. Okay? But they're there.
1476		-
1477		-370
1478		-00:19:26,460 ~-~-> 00:19:28,860
1479		-They're there every single month, every
1480		-
1481		-371
1482		-00:19:28,860 ~-~-> 00:19:32,130
1483		-single week, and sometimes, okay, you
1484		-
1485		-372
1486		-00:19:32,130 ~-~-> 00:19:33,780
1487		-can catch them simply in a day trading
1488		-
1489		-373
1490		-00:19:33,780 ~-~-> 00:19:36,720
1491		-scenario. Many times you have to require
1492		-
1493		-374
1494		-00:19:36,720 ~-~-> 00:19:39,240
1495		-your trade to hold on to it for a few
1496		-
1497		-375
1498		-00:19:39,240 ~-~-> 00:19:41,220
1499		-days to do that, but you can still do
1500		-
1501		-376
1502		-00:19:41,220 ~-~-> 00:19:45,660
1503		-it. Okay. But my question is this. If
1504		-
1505		-377
1506		-00:19:45,660 ~-~-> 00:19:49,290
1507		-you're focused on doing these types of
1508		-
1509		-378
1510		-00:19:49,290 ~-~-> 00:19:51,360
1511		-trades here where I'm trying to make my
1512		-
1513		-379
1514		-00:19:51,360 ~-~-> 00:19:53,190
1515		-20 pips per day or I'm trying to make my
1516		-
1517		-380
1518		-00:19:53,400 ~-~-> 00:19:56,730
1519		-15 pips per day, okay, this right here,
1520		-
1521		-381
1522		-00:19:57,690 ~-~-> 00:19:59,580
1523		-gets most people in trouble because
1524		-
1525		-382
1526		-00:19:59,820 ~-~-> 00:20:01,530
1527		-they're Trying to get in there every
1528		-
1529		-383
1530		-00:20:01,530 ~-~-> 00:20:03,480
1531		-single day and try to make those trades
1532		-
1533		-384
1534		-00:20:03,840 ~-~-> 00:20:06,990
1535		-to make these pips. Okay? I give these
1536		-
1537		-385
1538		-00:20:06,990 ~-~-> 00:20:09,960
1539		-examples here as as models to choose
1540		-
1541		-386
1542		-00:20:09,960 ~-~-> 00:20:12,090
1543		-from because there's several scenarios
1544		-
1545		-387
1546		-00:20:12,090 ~-~-> 00:20:14,760
1547		-that specific traders will find
1548		-
1549		-388
1550		-00:20:14,760 ~-~-> 00:20:16,020
1551		-themselves comfortable in position
1552		-
1553		-389
1554		-00:20:16,020 ~-~-> 00:20:18,330
1555		-trading, swing trading or day trading or
1556		-
1557		-390
1558		-00:20:18,330 ~-~-> 00:20:20,460
1559		-scalping. And that's what this is
1560		-
1561		-391
1562		-00:20:20,460 ~-~-> 00:20:21,990
1563		-designed for. This is the scalpers
1564		-
1565		-392
1566		-00:20:22,230 ~-~-> 00:20:24,990
1567		-mentality here or day traders column.
1568		-
1569		-393
1570		-00:20:25,860 ~-~-> 00:20:28,320
1571		-This is what you would need to make as a
1572		-
1573		-394
1574		-00:20:28,350 ~-~-> 00:20:32,970
1575		-short term trader, okay, or a swing
1576		-
1577		-395
1578		-00:20:32,970 ~-~-> 00:20:35,580
1579		-trader here twice a week. And then for
1580		-
1581		-396
1582		-00:20:35,580 ~-~-> 00:20:38,640
1583		-the weekly is like a position trader you
1584		-
1585		-397
1586		-00:20:38,640 ~-~-> 00:20:40,980
1587		-hold for the weekly range. And obviously
1588		-
1589		-398
1590		-00:20:40,980 ~-~-> 00:20:42,300
1591		-a long term trader would be looking for
1592		-
1593		-399
1594		-00:20:42,330 ~-~-> 00:20:45,390
1595		-the monthly moves, okay. So this is all
1596		-
1597		-400
1598		-00:20:45,390 ~-~-> 00:20:47,490
1599		-broken down with that mindset. You
1600		-
1601		-401
1602		-00:20:47,490 ~-~-> 00:20:49,470
1603		-choose where you're going to be most
1604		-
1605		-402
1606		-00:20:50,070 ~-~-> 00:20:52,500
1607		-appropriate in terms of what you're
1608		-
1609		-403
1610		-00:20:52,500 ~-~-> 00:20:54,180
1611		-allowing your, your your psyche to
1612		-
1613		-404
1614		-00:20:54,180 ~-~-> 00:20:56,910
1615		-absorb. most traders can't do day
1616		-
1617		-405
1618		-00:20:56,910 ~-~-> 00:21:00,450
1619		-trading most traders. You can Get in
1620		-
1621		-406
1622		-00:21:00,450 ~-~-> 00:21:02,580
1623		-front of the charts because of jobs
1624		-
1625		-407
1626		-00:21:02,580 ~-~-> 00:21:05,310
1627		-because of other things that are an
1628		-
1629		-408
1630		-00:21:05,310 ~-~-> 00:21:07,890
1631		-obstacle for them. But there's other
1632		-
1633		-409
1634		-00:21:07,890 ~-~-> 00:21:10,890
1635		-ways to do this. Okay? And let's use the
1636		-
1637		-410
1638		-00:21:10,890 ~-~-> 00:21:14,580
1639		-example that you're, if you're looking
1640		-
1641		-411
1642		-00:21:14,580 ~-~-> 00:21:17,400
1643		-for this scenario right here, okay, we
1644		-
1645		-412
1646		-00:21:17,400 ~-~-> 00:21:20,010
1647		-have the gearing is a 20 PIP stop,
1648		-
1649		-413
1650		-00:21:20,070 ~-~-> 00:21:22,110
1651		-that's what we're going to use. And
1652		-
1653		-414
1654		-00:21:22,110 ~-~-> 00:21:24,570
1655		-we're only risking 2% and we're aiming
1656		-
1657		-415
1658		-00:21:24,570 ~-~-> 00:21:27,060
1659		-for 30% return for the month. That means
1660		-
1661		-416
1662		-00:21:27,060 ~-~-> 00:21:31,050
1663		-we have to do essentially what we have
1664		-
1665		-417
1666		-00:21:31,050 ~-~-> 00:21:33,120
1667		-to find a trade that's four to one
1668		-
1669		-418
1670		-00:21:33,150 ~-~-> 00:21:36,480
1671		-reward the risk that will give us better
1672		-
1673		-419
1674		-00:21:36,480 ~-~-> 00:21:41,640
1675		-than this. Okay, I'm just gonna move
1676		-
1677		-420
1678		-00:21:41,640 ~-~-> 00:21:43,080
1679		-this a little bit just to show you
1680		-
1681		-421
1682		-00:21:43,080 ~-~-> 00:21:44,070
1683		-something because right now it's saying
1684		-
1685		-422
1686		-00:21:44,070 ~-~-> 00:21:46,500
1687		-we need to make 75 pips per week to get
1688		-
1689		-423
1690		-00:21:46,500 ~-~-> 00:21:53,280
1691		-30% return. If Yeah, that would be a
1692		-
1693		-424
1694		-00:21:53,280 ~-~-> 00:21:56,430
1695		-wonderful return women to get 32%
1696		-
1697		-425
1698		-00:21:56,430 ~-~-> 00:21:58,290
1699		-return, you got to get 80 pips and that
1700		-
1701		-426
1702		-00:21:58,290 ~-~-> 00:22:01,410
1703		-would be that four to one scenario where
1704		-
1705		-427
1706		-00:22:01,560 ~-~-> 00:22:04,350
1707		-you're risking 20 pips. Okay? Let me
1708		-
1709		-428
1710		-00:22:04,350 ~-~-> 00:22:05,610
1711		-just change this right now as we're
1712		-
1713		-429
1714		-00:22:05,610 ~-~-> 00:22:08,430
1715		-talking about to make, you know, a 20
1716		-
1717		-430
1718		-00:22:08,430 ~-~-> 00:22:10,530
1719		-PIP stop loss, you're risking $5 per
1720		-
1721		-431
1722		-00:22:10,530 ~-~-> 00:22:14,280
1723		-point per PIP 2% risk total is $100
1724		-
1725		-432
1726		-00:22:14,520 ~-~-> 00:22:16,890
1727		-you're aiming for 32% that would equate
1728		-
1729		-433
1730		-00:22:16,890 ~-~-> 00:22:20,010
1731		-to that for one scenario. Okay? So if
1732		-
1733		-434
1734		-00:22:20,010 ~-~-> 00:22:22,770
1735		-you do four to one reward to risk setups
1736		-
1737		-435
1738		-00:22:22,890 ~-~-> 00:22:26,400
1739		-every single time you do a trade, you
1740		-
1741		-436
1742		-00:22:26,400 ~-~-> 00:22:29,160
1743		-will be in the realm that's required,
1744		-
1745		-437
1746		-00:22:29,430 ~-~-> 00:22:33,870
1747		-okay to do one shot one kill setups per
1748		-
1749		-438
1750		-00:22:33,870 ~-~-> 00:22:37,560
1751		-week, and he would hit 32% return. Okay,
1752		-
1753		-439
1754		-00:22:37,950 ~-~-> 00:22:39,480
1755		-so now let's look at a chart and see
1756		-
1757		-440
1758		-00:22:39,480 ~-~-> 00:22:41,610
1759		-what that looks like and how those types
1760		-
1761		-441
1762		-00:22:41,610 ~-~-> 00:22:44,520
1763		-of trades setup and how we can find four
1764		-
1765		-442
1766		-00:22:44,520 ~-~-> 00:22:47,100
1767		-to one three to one, reward risk
1768		-
1769		-443
1770		-00:22:47,160 ~-~-> 00:22:50,610
1771		-scenarios and keep our our stop losses
1772		-
1773		-444
1774		-00:22:50,640 ~-~-> 00:22:54,540
1775		-really relatively tight. But before we
1776		-
1777		-445
1778		-00:22:54,540 ~-~-> 00:22:56,040
1779		-do, let me go let me do this. Let's go
1780		-
1781		-446
1782		-00:22:56,040 ~-~-> 00:23:01,140
1783		-back and do our gearing for 15 PIP stop
1784		-
1785		-447
1786		-00:23:01,680 ~-~-> 00:23:05,790
1787		-and we'll use the same scenario of
1788		-
1789		-448
1790		-00:23:05,790 ~-~-> 00:23:08,160
1791		-breaking it down What? What's required?
1792		-
1793		-449
1794		-00:23:09,030 ~-~-> 00:23:11,670
1795		-Okay, so we're using a 15 PIP stop, you
1796		-
1797		-450
1798		-00:23:11,670 ~-~-> 00:23:14,670
1799		-would need to make 56 pips for the week.
1800		-
1801		-451
1802		-00:23:14,970 ~-~-> 00:23:20,700
1803		-Okay? So 15 pips right reward the risk
1804		-
1805		-452
1806		-00:23:20,730 ~-~-> 00:23:23,850
1807		-of one to one you would need to make 15
1808		-
1809		-453
1810		-00:23:23,850 ~-~-> 00:23:27,360
1811		-pits net and two to one reward the risk
1812		-
1813		-454
1814		-00:23:27,390 ~-~-> 00:23:33,480
1815		-would be 30 pips for 15 pips risk three
1816		-
1817		-455
1818		-00:23:33,480 ~-~-> 00:23:39,210
1819		-one would be a 45 PIP 215 PIP ratio and
1820		-
1821		-456
1822		-00:23:39,210 ~-~-> 00:23:40,650
1823		-always you're looking to make 45 pips
1824		-
1825		-457
1826		-00:23:40,650 ~-~-> 00:23:43,140
1827		-gain for 45 I'm sorry for 15 pips risk,
1828		-
1829		-458
1830		-00:23:43,380 ~-~-> 00:23:45,660
1831		-you're trying to aim and make 45 pips
1832		-
1833		-459
1834		-00:23:46,770 ~-~-> 00:23:51,000
1835		-four to one would give you 60 pips. Okay
1836		-
1837		-460
1838		-00:23:51,000 ~-~-> 00:23:54,210
1839		-you need to make 60 pips for the 15 pips
1840		-
1841		-461
1842		-00:23:54,210 ~-~-> 00:23:56,010
1843		-risk to make four to one and again that
1844		-
1845		-462
1846		-00:23:56,010 ~-~-> 00:23:57,810
1847		-will be better than this sets, probably
1848		-
1849		-463
1850		-00:23:57,810 ~-~-> 00:23:58,530
1851		-very close.
1852		-
1853		-464
1854		-00:24:00,390 ~-~-> 00:24:02,280
1855		-To this and so that we have here, so you
1856		-
1857		-465
1858		-00:24:02,280 ~-~-> 00:24:04,500
1859		-would need to make 60 pips per week,
1860		-
1861		-466
1862		-00:24:04,920 ~-~-> 00:24:07,890
1863		-risking 15, initially, with a four to
1864		-
1865		-467
1866		-00:24:07,890 ~-~-> 00:24:11,070
1867		-one ratio, reward to risk, and you would
1868		-
1869		-468
1870		-00:24:11,070 ~-~-> 00:24:14,550
1871		-hit 32%. Now, again, this is all we're
1872		-
1873		-469
1874		-00:24:14,550 ~-~-> 00:24:16,590
1875		-dealing with just, this is just math,
1876		-
1877		-470
1878		-00:24:16,620 ~-~-> 00:24:18,660
1879		-okay? And this is how easy it is it's
1880		-
1881		-471
1882		-00:24:18,660 ~-~-> 00:24:21,750
1883		-not hard to come up with a strategy to
1884		-
1885		-472
1886		-00:24:21,750 ~-~-> 00:24:23,910
1887		-get these ridiculous amounts of return.
1888		-
1889		-473
1890		-00:24:24,180 ~-~-> 00:24:25,980
1891		-What makes it difficult is you got to be
1892		-
1893		-474
1894		-00:24:25,980 ~-~-> 00:24:27,300
1895		-able to see how to do that in the
1896		-
1897		-475
1898		-00:24:27,300 ~-~-> 00:24:29,820
1899		-charts. So let's go over to the market
1900		-
1901		-476
1902		-00:24:30,330 ~-~-> 00:24:32,610
1903		-and take a look at how that's done. All
1904		-
1905		-477
1906		-00:24:32,610 ~-~-> 00:24:34,440
1907		-right, we're looking at the British
1908		-
1909		-478
1910		-00:24:34,440 ~-~-> 00:24:40,440
1911		-Pound USD pair. Okay, and I have some
1912		-
1913		-479
1914		-00:24:40,680 ~-~-> 00:24:43,320
1915		-lines on here that we're gonna utilize.
1916		-
1917		-480
1918		-00:24:46,200 ~-~-> 00:24:50,370
1919		-And I want to show you what we have.
1920		-
1921		-481
1922		-00:24:51,600 ~-~-> 00:24:53,550
1923		-We're going to assume for a moment that
1924		-
1925		-482
1926		-00:24:53,550 ~-~-> 00:24:57,390
1927		-you thought that this 170 60 level down
1928		-
1929		-483
1930		-00:24:57,390 ~-~-> 00:24:59,850
1931		-here would be an important support
1932		-
1933		-484
1934		-00:24:59,850 ~-~-> 00:25:01,920
1935		-level. Now I know you're probably
1936		-
1937		-485
1938		-00:25:01,920 ~-~-> 00:25:03,210
1939		-thinking all right, Michael, you're
1940		-
1941		-486
1942		-00:25:03,210 ~-~-> 00:25:04,560
1943		-already starting off with cherry picking
1944		-
1945		-487
1946		-00:25:04,560 ~-~-> 00:25:08,460
1947		-scenario. Trust me, I am not. Let's go
1948		-
1949		-488
1950		-00:25:08,460 ~-~-> 00:25:10,470
1951		-out to a daily chart and I'll show you
1952		-
1953		-489
1954		-00:25:10,470 ~-~-> 00:25:17,100
1955		-where that 170 60 comes from. Okay, we
1956		-
1957		-490
1958		-00:25:17,100 ~-~-> 00:25:21,270
1959		-are looking at the levels on a daily
1960		-
1961		-491
1962		-00:25:21,270 ~-~-> 00:25:24,810
1963		-chart. And you see this old high back
1964		-
1965		-492
1966		-00:25:24,810 ~-~-> 00:25:28,110
1967		-here. The high on this day comes in at
1968		-
1969		-493
1970		-00:25:28,110 ~-~-> 00:25:33,510
1971		-170 63. My concepts teach that we like
1972		-
1973		-494
1974		-00:25:33,510 ~-~-> 00:25:37,470
1975		-to round our numbers to whole numbers,
1976		-
1977		-495
1978		-00:25:37,500 ~-~-> 00:25:41,100
1979		-or if it's very, very, very tight
1980		-
1981		-496
1982		-00:25:42,330 ~-~-> 00:25:44,220
1983		-volatility. In other words, the rains
1984		-
1985		-497
1986		-00:25:44,220 ~-~-> 00:25:45,750
1987		-are very tight. You're looking at
1988		-
1989		-498
1990		-00:25:45,750 ~-~-> 00:25:47,880
1991		-current price action, we'll use the five
1992		-
1993		-499
1994		-00:25:47,880 ~-~-> 00:25:49,110
1995		-numbers. In other words, we'll go
1996		-
1997		-500
1998		-00:25:49,230 ~-~-> 00:25:52,380
1999		-between 20 and 30. We may use 25. Okay,
2000		-
2001		-501
2002		-00:25:52,380 ~-~-> 00:25:55,590
2003		-between 30 and 40, we may use 35. So
2004		-
2005		-502
2006		-00:25:55,590 ~-~-> 00:25:57,570
2007		-we'd like to round the round numbers or
2008		-
2009		-503
2010		-00:25:57,690 ~-~-> 00:26:00,960
2011		-round to fives. Okay. So If you're
2012		-
2013		-504
2014		-00:26:00,960 ~-~-> 00:26:09,060
2015		-looking at a high on this day, you can
2016		-
2017		-505
2018		-00:26:09,060 ~-~-> 00:26:12,300
2019		-get the area's the high of 170 63.
2020		-
2021		-506
2022		-00:26:13,200 ~-~-> 00:26:19,710
2023		-That's essentially 170 60 or 170 65. I
2024		-
2025		-507
2026		-00:26:19,710 ~-~-> 00:26:22,470
2027		-like to go with 160, simply because
2028		-
2029		-508
2030		-00:26:22,470 ~-~-> 00:26:24,090
2031		-that's one of the one I wanted to go
2032		-
2033		-509
2034		-00:26:24,090 ~-~-> 00:26:27,090
2035		-with. If you wanted to use 160 75 as
2036		-
2037		-510
2038		-00:26:27,090 ~-~-> 00:26:29,610
2039		-your support level, it would be nothing
2040		-
2041		-511
2042		-00:26:29,610 ~-~-> 00:26:32,220
2043		-wrong with that at all. Okay, but that's
2044		-
2045		-512
2046		-00:26:32,220 ~-~-> 00:26:34,560
2047		-where the 170 60 comes from. And simple
2048		-
2049		-513
2050		-00:26:34,560 ~-~-> 00:26:36,420
2051		-support resistance teaches us that once
2052		-
2053		-514
2054		-00:26:36,420 ~-~-> 00:26:38,940
2055		-this resistance level is broken to the
2056		-
2057		-515
2058		-00:26:38,940 ~-~-> 00:26:41,190
2059		-upside, once price comes back down to
2060		-
2061		-516
2062		-00:26:41,190 ~-~-> 00:26:43,650
2063		-it, we would reasonably expect a bounce
2064		-
2065		-517
2066		-00:26:43,710 ~-~-> 00:26:45,780
2067		-or reaction at that price point. And it
2068		-
2069		-518
2070		-00:26:45,780 ~-~-> 00:26:47,250
2071		-just so happens that we happen to get
2072		-
2073		-519
2074		-00:26:47,250 ~-~-> 00:26:53,130
2075		-that today on Tuesday. And let's go back
2076		-
2077		-520
2078		-00:26:53,130 ~-~-> 00:27:02,520
2079		-down to a 15 minute timeframe. Okay, and
2080		-
2081		-521
2082		-00:27:02,520 ~-~-> 00:27:06,840
2083		-what we're looking at is the start of a
2084		-
2085		-522
2086		-00:27:06,840 ~-~-> 00:27:08,460
2087		-new day here. This is where Tuesday
2088		-
2089		-523
2090		-00:27:08,460 ~-~-> 00:27:11,430
2091		-began, okay? We had some, some
2092		-
2093		-524
2094		-00:27:11,430 ~-~-> 00:27:13,170
2095		-consolidation in the market drifted
2096		-
2097		-525
2098		-00:27:13,170 ~-~-> 00:27:14,670
2099		-lower and trading right into that level
2100		-
2101		-526
2102		-00:27:14,670 ~-~-> 00:27:17,160
2103		-right there, bang right into it. The low
2104		-
2105		-527
2106		-00:27:17,280 ~-~-> 00:27:21,870
2107		-on this, this candle here, if I can get
2108		-
2109		-528
2110		-00:27:21,870 ~-~-> 00:27:25,350
2111		-things to work with me, okay, we got the
2112		-
2113		-529
2114		-00:27:25,350 ~-~-> 00:27:29,670
2115		-low of 170 60. Beautiful, okay? You may
2116		-
2117		-530
2118		-00:27:29,670 ~-~-> 00:27:32,160
2119		-notice this little blue line here, okay?
2120		-
2121		-531
2122		-00:27:32,190 ~-~-> 00:27:34,230
2123		-And you may know this, this green line.
2124		-
2125		-532
2126		-00:27:34,530 ~-~-> 00:27:35,790
2127		-And this red line we're going to talk
2128		-
2129		-533
2130		-00:27:35,790 ~-~-> 00:27:37,470
2131		-later on in the series about this red
2132		-
2133		-534
2134		-00:27:37,470 ~-~-> 00:27:41,100
2135		-line. And this line here. And this line
2136		-
2137		-535
2138		-00:27:41,100 ~-~-> 00:27:43,530
2139		-here, basically are the times that I
2140		-
2141		-536
2142		-00:27:43,530 ~-~-> 00:27:46,350
2143		-asked you in the previous video to mark
2144		-
2145		-537
2146		-00:27:46,350 ~-~-> 00:27:49,830
2147		-out on your charts and study what takes
2148		-
2149		-538
2150		-00:27:49,830 ~-~-> 00:27:52,170
2151		-place around those times of the day.
2152		-
2153		-539
2154		-00:27:53,130 ~-~-> 00:27:56,790
2155		-Okay, price trades down into this level
2156		-
2157		-540
2158		-00:27:56,790 ~-~-> 00:27:59,790
2159		-here. Okay, we're going to assume that
2160		-
2161		-541
2162		-00:27:59,790 ~-~-> 00:28:04,860
2163		-you Lead that this was a bullish area to
2164		-
2165		-542
2166		-00:28:04,860 ~-~-> 00:28:10,860
2167		-expect a bounce. Right, increase this so
2168		-
2169		-543
2170		-00:28:10,860 ~-~-> 00:28:16,350
2171		-we can see it. Okay, so the level is
2172		-
2173		-544
2174		-00:28:16,350 ~-~-> 00:28:19,950
2175		-170 60 you always have to factor in the
2176		-
2177		-545
2178		-00:28:19,950 ~-~-> 00:28:21,780
2179		-spread. Okay, and we're just going to
2180		-
2181		-546
2182		-00:28:21,780 ~-~-> 00:28:24,060
2183		-add five pips just for slippage and
2184		-
2185		-547
2186		-00:28:24,060 ~-~-> 00:28:25,710
2187		-traditional retail spreads on the
2188		-
2189		-548
2190		-00:28:25,710 ~-~-> 00:28:28,230
2191		-British Pound USD pair, okay? And that
2192		-
2193		-549
2194		-00:28:28,230 ~-~-> 00:28:31,650
2195		-means your limit order would come in
2196		-
2197		-550
2198		-00:28:31,680 ~-~-> 00:28:35,550
2199		-around 170 65. So your entry would be
2200		-
2201		-551
2202		-00:28:35,550 ~-~-> 00:28:38,400
2203		-around here. Okay, we're going to look
2204		-
2205		-552
2206		-00:28:38,430 ~-~-> 00:28:43,890
2207		-at a scenario where you're buying want
2208		-
2209		-553
2210		-00:28:43,890 ~-~-> 00:28:46,170
2211		-to limit once price drops down on this
2212		-
2213		-554
2214		-00:28:46,170 ~-~-> 00:28:48,300
2215		-candle here. You're going to be buying
2216		-
2217		-555
2218		-00:28:48,960 ~-~-> 00:28:51,420
2219		-that level. Okay, and what I just did
2220		-
2221		-556
2222		-00:28:51,420 ~-~-> 00:28:52,740
2223		-was just put a little tiny little
2224		-
2225		-557
2226		-00:28:52,740 ~-~-> 00:28:54,930
2227		-rectangle here. Now watch what happens
2228		-
2229		-558
2230		-00:28:54,930 ~-~-> 00:28:56,910
2231		-it'll, it'll show up over here. Little
2232		-
2233		-559
2234		-00:28:56,910 ~-~-> 00:28:59,790
2235		-numbers will pop up. You see that?
2236		-
2237		-560
2238		-00:29:01,469 ~-~-> 00:29:03,629
2239		-See the eight now it's a nine. There's
2240		-
2241		-561
2242		-00:29:03,629 ~-~-> 00:29:06,239
2243		-10 Okay, the range of the rectangles
2244		-
2245		-562
2246		-00:29:06,269 ~-~-> 00:29:10,919
2247		-height is now 10 pips. There's 11 1213
2248		-
2249		-563
2250		-00:29:13,649 ~-~-> 00:29:16,109
2251		-and I lost it because we went into the
2252		-
2253		-564
2254		-00:29:16,109 ~-~-> 00:29:19,139
2255		-little indicator box here. See if I can
2256		-
2257		-565
2258		-00:29:19,379 ~-~-> 00:29:21,299
2259		-go again some more ground not doing
2260		-
2261		-566
2262		-00:29:21,299 ~-~-> 00:29:26,339
2263		-that. Okay, there's 15 pips. So your
2264		-
2265		-567
2266		-00:29:26,339 ~-~-> 00:29:32,099
2267		-entry would be at 170 65 and your, your,
2268		-
2269		-568
2270		-00:29:32,159 ~-~-> 00:29:38,999
2271		-your stop loss would rest 15 pips below
2272		-
2273		-569
2274		-00:29:38,999 ~-~-> 00:29:43,529
2275		-your entry and that's right here. Okay,
2276		-
2277		-570
2278		-00:29:43,679 ~-~-> 00:29:47,009
2279		-at 170 50 price has to trade down to
2280		-
2281		-571
2282		-00:29:47,009 ~-~-> 00:29:51,179
2283		-that 170 50 level to stop you out. Okay,
2284		-
2285		-572
2286		-00:29:51,179 ~-~-> 00:29:53,549
2287		-so that would be your the selling price
2288		-
2289		-573
2290		-00:29:53,549 ~-~-> 00:29:54,839
2291		-because whenever we're looking at data,
2292		-
2293		-574
2294		-00:29:55,139 ~-~-> 00:29:58,739
2295		-that's the sell price. So if as long as
2296		-
2297		-575
2298		-00:29:58,739 ~-~-> 00:30:01,139
2299		-price stays above that one 7050 level,
2300		-
2301		-576
2302		-00:30:01,559 ~-~-> 00:30:03,599
2303		-you would be in the trade. Now, this is
2304		-
2305		-577
2306		-00:30:03,599 ~-~-> 00:30:05,909
2307		-where it gets interesting. We're going
2308		-
2309		-578
2310		-00:30:05,909 ~-~-> 00:30:11,249
2311		-to zoom in. Okay, and now we're going to
2312		-
2313		-579
2314		-00:30:11,249 ~-~-> 00:30:15,119
2315		-take, just take this range, okay? And
2316		-
2317		-580
2318		-00:30:15,179 ~-~-> 00:30:16,349
2319		-what I'm going to do is I'm going to
2320		-
2321		-581
2322		-00:30:16,349 ~-~-> 00:30:17,879
2323		-just move it over a little bit like
2324		-
2325		-582
2326		-00:30:17,879 ~-~-> 00:30:23,669
2327		-that, just to differentiate. And I'm
2328		-
2329		-583
2330		-00:30:23,669 ~-~-> 00:30:24,389
2331		-going to show you
2332		-
2333		-584
2334		-00:30:29,760 ~-~-> 00:30:33,780
2335		-this would be from your entry. If you
2336		-
2337		-585
2338		-00:30:33,780 ~-~-> 00:30:35,220
2339		-got out right up here at the top of the
2340		-
2341		-586
2342		-00:30:35,220 ~-~-> 00:30:38,280
2343		-rectangle. That is a risk reward of one
2344		-
2345		-587
2346		-00:30:38,280 ~-~-> 00:30:42,840
2347		-to one. Okay? We're going to take a step
2348		-
2349		-588
2350		-00:30:42,870 ~-~-> 00:30:48,180
2351		-out farther. Okay, and that would be an
2352		-
2353		-589
2354		-00:30:48,180 ~-~-> 00:30:49,500
2355		-exit point here.
2356		-
2357		-590
2358		-00:30:54,720 ~-~-> 00:30:56,700
2359		-If you got out there, that will be a two
2360		-
2361		-591
2362		-00:30:56,700 ~-~-> 00:30:59,370
2363		-to one. Okay, you're gaining two for
2364		-
2365		-592
2366		-00:30:59,370 ~-~-> 00:31:02,850
2367		-every $1 risk. Okay, we're going to move
2368		-
2369		-593
2370		-00:31:02,850 ~-~-> 00:31:05,250
2371		-that out farther. Now this is a three to
2372		-
2373		-594
2374		-00:31:05,250 ~-~-> 00:31:07,410
2375		-one see you're using that same amount of
2376		-
2377		-595
2378		-00:31:07,410 ~-~-> 00:31:11,100
2379		-pips. Okay 15 pips now three times for
2380		-
2381		-596
2382		-00:31:11,100 ~-~-> 00:31:13,200
2383		-one risk. This is a three to one reward
2384		-
2385		-597
2386		-00:31:13,200 ~-~-> 00:31:16,230
2387		-risk ratio. We're going to go out one
2388		-
2389		-598
2390		-00:31:16,230 ~-~-> 00:31:23,640
2391		-more step 1234 game to one risk, okay,
2392		-
2393		-599
2394		-00:31:23,640 ~-~-> 00:31:26,610
2395		-so it's a four to one risk to reward
2396		-
2397		-600
2398		-00:31:26,610 ~-~-> 00:31:27,180
2399		-ratio.
2400		-
2401		-601
2402		-00:31:36,299 ~-~-> 00:31:42,509
2403		-We have 12345 ranges of 15 pips each,
2404		-
2405		-602
2406		-00:31:42,539 ~-~-> 00:31:45,749
2407		-okay? So that's five reward to risk of
2408		-
2409		-603
2410		-00:31:45,749 ~-~-> 00:31:48,719
2411		-one to find the one reward risk. Okay.
2412		-
2413		-604
2414		-00:31:49,109 ~-~-> 00:31:51,299
2415		-And to get five to one you would have to
2416		-
2417		-605
2418		-00:31:51,299 ~-~-> 00:31:57,659
2419		-get out at around 171 40. Okay, now we
2420		-
2421		-606
2422		-00:31:57,659 ~-~-> 00:32:00,959
2423		-could go all the way up to The absolute
2424		-
2425		-607
2426		-00:32:00,959 ~-~-> 00:32:01,499
2427		-high
2428		-
2429		-608
2430		-00:32:09,179 ~-~-> 00:32:14,399
2431		-like that, and that would be 12345678 to
2432		-
2433		-609
2434		-00:32:14,399 ~-~-> 00:32:19,049
2435		-one, reward the risk ratio. And I know,
2436		-
2437		-610
2438		-00:32:19,769 ~-~-> 00:32:21,389
2439		-you probably are thinking man, that's,
2440		-
2441		-611
2442		-00:32:21,419 ~-~-> 00:32:22,439
2443		-that's incredible. Well, you'd be
2444		-
2445		-612
2446		-00:32:22,439 ~-~-> 00:32:24,719
2447		-surprised if you'd learned the concepts
2448		-
2449		-613
2450		-00:32:24,719 ~-~-> 00:32:25,949
2451		-that we're going to be teaching in this
2452		-
2453		-614
2454		-00:32:25,949 ~-~-> 00:32:28,409
2455		-series. And for those of you that wants
2456		-
2457		-615
2458		-00:32:28,409 ~-~-> 00:32:31,079
2459		-the initial presentation over the last
2460		-
2461		-616
2462		-00:32:31,109 ~-~-> 00:32:35,399
2463		-four years or so, from 2010 on, you're
2464		-
2465		-617
2466		-00:32:35,399 ~-~-> 00:32:36,839
2467		-going to get the amplification of that,
2468		-
2469		-618
2470		-00:32:36,839 ~-~-> 00:32:39,209
2471		-which is what we're getting here. This
2472		-
2473		-619
2474		-00:32:39,209 ~-~-> 00:32:45,119
2475		-is, this is really where I want you to
2476		-
2477		-620
2478		-00:32:45,149 ~-~-> 00:32:49,589
2479		-focus. Right here. You want this type of
2480		-
2481		-621
2482		-00:32:49,589 ~-~-> 00:32:53,579
2483		-setup right there. You want that? Okay,
2484		-
2485		-622
2486		-00:32:53,759 ~-~-> 00:32:55,979
2487		-you want four to one, and that's wealth
2488		-
2489		-623
2490		-00:32:55,979 ~-~-> 00:32:59,099
2491		-building. Okay. 41 builds millionaires
2492		-
2493		-624
2494		-00:33:00,359 ~-~-> 00:33:08,159
2495		-Notice also that inside inside of this
2496		-
2497		-625
2498		-00:33:08,159 ~-~-> 00:33:12,359
2499		-day, just in Tuesday, okay, this is not
2500		-
2501		-626
2502		-00:33:12,449 ~-~-> 00:33:16,229
2503		-a week. This is not the course of
2504		-
2505		-627
2506		-00:33:16,319 ~-~-> 00:33:17,999
2507		-several days, this is just one day,
2508		-
2509		-628
2510		-00:33:18,599 ~-~-> 00:33:21,839
2511		-price came off that 170 60 level and
2512		-
2513		-629
2514		-00:33:21,839 ~-~-> 00:33:25,469
2515		-trade valia with a range of 132 pips.
2516		-
2517		-630
2518		-00:33:27,149 ~-~-> 00:33:28,679
2519		-Now that's a nice, that's a nice range.
2520		-
2521		-631
2522		-00:33:28,679 ~-~-> 00:33:30,479
2523		-It's, this is what you've probably been
2524		-
2525		-632
2526		-00:33:30,479 ~-~-> 00:33:31,889
2527		-used to if you've been looking at forex
2528		-
2529		-633
2530		-00:33:31,889 ~-~-> 00:33:34,379
2531		-for a number of years. This is about the
2532		-
2533		-634
2534		-00:33:34,379 ~-~-> 00:33:36,629
2535		-standard, a little bit more standard
2536		-
2537		-635
2538		-00:33:37,829 ~-~-> 00:33:40,919
2539		-daily range for the cable. Recently,
2540		-
2541		-636
2542		-00:33:40,919 ~-~-> 00:33:42,389
2543		-we've entered into a small little
2544		-
2545		-637
2546		-00:33:43,289 ~-~-> 00:33:45,539
2547		-volatility squeeze where nothing's
2548		-
2549		-638
2550		-00:33:45,539 ~-~-> 00:33:48,689
2551		-really going on in the markets, unless,
2552		-
2553		-639
2554		-00:33:48,719 ~-~-> 00:33:51,149
2555		-you know, one or two moves a week
2556		-
2557		-640
2558		-00:33:51,449 ~-~-> 00:33:53,519
2559		-creates a significant move and they
2560		-
2561		-641
2562		-00:33:53,519 ~-~-> 00:33:54,779
2563		-haven't really been this significant
2564		-
2565		-642
2566		-00:33:54,779 ~-~-> 00:33:59,309
2567		-many times. But this isn't an area where
2568		-
2569		-643
2570		-00:33:59,849 ~-~-> 00:34:03,689
2571		-you You could use that mindset of
2572		-
2573		-644
2574		-00:34:03,689 ~-~-> 00:34:05,459
2575		-looking for a four to one reward to
2576		-
2577		-645
2578		-00:34:05,459 ~-~-> 00:34:08,519
2579		-risk. Okay, now, I'm going to give you
2580		-
2581		-646
2582		-00:34:08,519 ~-~-> 00:34:13,139
2583		-another drill. We talked about looking
2584		-
2585		-647
2586		-00:34:13,139 ~-~-> 00:34:16,589
2587		-at the swing points and the each candles
2588		-
2589		-648
2590		-00:34:16,589 ~-~-> 00:34:19,049
2591		-high and low, and the opening closing of
2592		-
2593		-649
2594		-00:34:19,049 ~-~-> 00:34:21,749
2595		-those three candles on a swing point and
2596		-
2597		-650
2598		-00:34:21,749 ~-~-> 00:34:23,219
2599		-drawing them out in time and looking at
2600		-
2601		-651
2602		-00:34:23,219 ~-~-> 00:34:25,319
2603		-how the future reactions would occur
2604		-
2605		-652
2606		-00:34:25,319 ~-~-> 00:34:27,299
2607		-around those particular price points.
2608		-
2609		-653
2610		-00:34:27,989 ~-~-> 00:34:29,879
2611		-The levels I have on this chart here,
2612		-
2613		-654
2614		-00:34:30,329 ~-~-> 00:34:33,569
2615		-okay, are rather important. We're gonna
2616		-
2617		-655
2618		-00:34:33,569 ~-~-> 00:34:38,969
2619		-go out to a weekly Okay, and the weekly
2620		-
2621		-656
2622		-00:34:38,969 ~-~-> 00:34:39,419
2623		-chart
2624		-
2625		-657
2626		-00:34:41,760 ~-~-> 00:34:42,720
2627		-students
2628		-
2629		-658
2630		-00:34:44,069 ~-~-> 00:34:48,599
2631		-Okay, what I've shown here is just in
2632		-
2633		-659
2634		-00:34:48,599 ~-~-> 00:34:51,479
2635		-the recent times in recent days, I
2636		-
2637		-660
2638		-00:34:51,479 ~-~-> 00:34:55,319
2639		-delineated the red line is a weekly
2640		-
2641		-661
2642		-00:34:55,319 ~-~-> 00:34:57,599
2643		-high, which is here. Okay, this swing
2644		-
2645		-662
2646		-00:34:57,599 ~-~-> 00:35:01,439
2647		-high and all the greens levels with the
2648		-
2649		-663
2650		-00:35:01,439 ~-~-> 00:35:02,909
2651		-exception of this one here this one is
2652		-
2653		-664
2654		-00:35:02,909 ~-~-> 00:35:06,179
2655		-really should be read. So let's change
2656		-
2657		-665
2658		-00:35:06,179 ~-~-> 00:35:14,339
2659		-that. That is a weekly level okay and
2660		-
2661		-666
2662		-00:35:14,339 ~-~-> 00:35:15,779
2663		-the green are simply going to be based
2664		-
2665		-667
2666		-00:35:15,779 ~-~-> 00:35:20,399
2667		-on daily highs. Okay and what you're
2668		-
2669		-668
2670		-00:35:20,399 ~-~-> 00:35:22,349
2671		-looking at is daily highs and weekly
2672		-
2673		-669
2674		-00:35:22,349 ~-~-> 00:35:26,219
2675		-highs and lows on both. Okay and by
2676		-
2677		-670
2678		-00:35:26,219 ~-~-> 00:35:28,919
2679		-doing that this is the exercise and you
2680		-
2681		-671
2682		-00:35:28,919 ~-~-> 00:35:31,499
2683		-guys may remember this from the initial
2684		-
2685		-672
2686		-00:35:32,879 ~-~-> 00:35:36,869
2687		-installment of excellent of execution by
2688		-
2689		-673
2690		-00:35:36,869 ~-~-> 00:35:39,959
2691		-inner circle trader when I was giving
2692		-
2693		-674
2694		-00:35:39,959 ~-~-> 00:35:43,409
2695		-them those initial videos back 2010 I
2696		-
2697		-675
2698		-00:35:43,409 ~-~-> 00:35:45,269
2699		-did them silent. And now this is the
2700		-
2701		-676
2702		-00:35:45,269 ~-~-> 00:35:46,589
2703		-amplification of it the things that you
2704		-
2705		-677
2706		-00:35:46,589 ~-~-> 00:35:51,089
2707		-were missing by having the this is a low
2708		-
2709		-678
2710		-00:35:51,089 ~-~-> 00:35:53,909
2711		-here, this is a high here, it lines up.
2712		-
2713		-679
2714		-00:35:54,419 ~-~-> 00:35:59,369
2715		-We have a high here we have a high here
2716		-
2717		-680
2718		-00:36:00,509 ~-~-> 00:36:03,659
2719		-We have a high here. The exercise I gave
2720		-
2721		-681
2722		-00:36:03,839 ~-~-> 00:36:07,439
2723		-was that you want to buy support levels
2724		-
2725		-682
2726		-00:36:07,469 ~-~-> 00:36:11,399
2727		-or daily lows or weekly lows and use a
2728		-
2729		-683
2730		-00:36:11,399 ~-~-> 00:36:13,649
2731		-20 PIP stop with a 20 PIP profit
2732		-
2733		-684
2734		-00:36:13,649 ~-~-> 00:36:15,209
2735		-objective. So you're you're trying to
2736		-
2737		-685
2738		-00:36:15,209 ~-~-> 00:36:18,629
2739		-find reward the risk of one to one. Okay
2740		-
2741		-686
2742		-00:36:18,629 ~-~-> 00:36:21,119
2743		-and you want to sell weekly highs and
2744		-
2745		-687
2746		-00:36:21,629 ~-~-> 00:36:24,899
2747		-daily highs with a 20 PIP stop and
2748		-
2749		-688
2750		-00:36:24,899 ~-~-> 00:36:28,319
2751		-looking to make 20 pips gain, okay? And
2752		-
2753		-689
2754		-00:36:28,349 ~-~-> 00:36:31,949
2755		-we're going to look at to simply the
2756		-
2757		-690
2758		-00:36:31,979 ~-~-> 00:36:34,949
2759		-month of June to the present time of
2760		-
2761		-691
2762		-00:36:34,949 ~-~-> 00:36:37,229
2763		-this recording which is the 15th of July
2764		-
2765		-692
2766		-00:36:37,229 ~-~-> 00:36:40,589
2767		-2014. Okay, and we're gonna highlight
2768		-
2769		-693
2770		-00:36:40,589 ~-~-> 00:36:44,399
2771		-that just so we know where we're at. in
2772		-
2773		-694
2774		-00:36:44,399 ~-~-> 00:36:47,969
2775		-deference to what's typically shown in
2776		-
2777		-695
2778		-00:36:48,269 ~-~-> 00:36:52,079
2779		-data. I just want to focus on just this
2780		-
2781		-696
2782		-00:36:52,079 ~-~-> 00:36:56,729
2783		-little area and I'm gonna go off
2784		-
2785		-697
2786		-00:36:56,759 ~-~-> 00:36:59,579
2787		-weightless or change the background a
2788		-
2789		-698
2790		-00:36:59,579 ~-~-> 00:37:04,469
2791		-little bit Now I'm going to go down to a
2792		-
2793		-699
2794		-00:37:04,469 ~-~-> 00:37:09,449
2795		-15 minute timeframe. Okay, and I want
2796		-
2797		-700
2798		-00:37:09,449 ~-~-> 00:37:12,059
2799		-you to notice when we trade down to
2800		-
2801		-701
2802		-00:37:12,059 ~-~-> 00:37:14,309
2803		-these levels here, okay, when we trade
2804		-
2805		-702
2806		-00:37:14,309 ~-~-> 00:37:17,939
2807		-down into that level, okay? We're
2808		-
2809		-703
2810		-00:37:17,939 ~-~-> 00:37:20,279
2811		-looking for reaction, and you would be
2812		-
2813		-704
2814		-00:37:20,279 ~-~-> 00:37:22,559
2815		-trading this reaction with the
2816		-
2817		-705
2818		-00:37:22,559 ~-~-> 00:37:26,069
2819		-expectation of looking for a move of 20
2820		-
2821		-706
2822		-00:37:26,069 ~-~-> 00:37:30,599
2823		-pips. Okay, so when price trades down
2824		-
2825		-707
2826		-00:37:30,599 ~-~-> 00:37:33,029
2827		-into that level, you would use that
2828		-
2829		-708
2830		-00:37:33,299 ~-~-> 00:37:35,969
2831		-specific price point and that would be
2832		-
2833		-709
2834		-00:37:35,969 ~-~-> 00:37:40,469
2835		-167 30 and the low
2836		-
2837		-710
2838		-00:37:42,240 ~-~-> 00:37:43,800
2839		-and it's a little bit
2840		-
2841		-711
2842		-00:37:48,390 ~-~-> 00:37:53,640
2843		-right here. Price trades down into that
2844		-
2845		-712
2846		-00:37:53,640 ~-~-> 00:37:56,880
2847		-level, which is identified by the
2848		-
2849		-713
2850		-00:37:56,880 ~-~-> 00:37:59,340
2851		-exercise we just did, showing you how to
2852		-
2853		-714
2854		-00:37:59,430 ~-~-> 00:38:02,520
2855		-how to arrive at them, the low
2856		-
2857		-715
2858		-00:38:08,309 ~-~-> 00:38:15,029
2859		-is 167 20 so you're buying at 167 32 the
2860		-
2861		-716
2862		-00:38:15,029 ~-~-> 00:38:18,329
2863		-lowest of the low it went was just 10
2864		-
2865		-717
2866		-00:38:18,329 ~-~-> 00:38:20,369
2867		-pips below it. So your stop was never
2868		-
2869		-718
2870		-00:38:20,369 ~-~-> 00:38:25,409
2871		-hit using a 20 PIP stop and looking at
2872		-
2873		-719
2874		-00:38:28,199 ~-~-> 00:38:29,249
2875		-20 pips gain
2876		-
2877		-720
2878		-00:38:42,060 ~-~-> 00:38:44,100
2879		-you'd be buying here and getting out
2880		-
2881		-721
2882		-00:38:44,100 ~-~-> 00:38:47,430
2883		-right there. Okay. That's the exercise.
2884		-
2885		-722
2886		-00:38:47,490 ~-~-> 00:38:50,130
2887		-That's all there is to it. Now again,
2888		-
2889		-723
2890		-00:38:50,160 ~-~-> 00:38:52,560
2891		-the reason why is you're not trying to
2892		-
2893		-724
2894		-00:38:52,800 ~-~-> 00:38:54,510
2895		-find profits. That's not what you're
2896		-
2897		-725
2898		-00:38:54,510 ~-~-> 00:38:56,400
2899		-trying to do. What you're doing is
2900		-
2901		-726
2902		-00:38:56,400 ~-~-> 00:38:58,350
2903		-you're trying to follow a consistent
2904		-
2905		-727
2906		-00:38:58,710 ~-~-> 00:39:01,470
2907		-plan of action. It's to show you how
2908		-
2909		-728
2910		-00:39:01,860 ~-~-> 00:39:03,960
2911		-your, your mind is going to be trying to
2912		-
2913		-729
2914		-00:39:03,960 ~-~-> 00:39:06,960
2915		-resist following the rules of being in a
2916		-
2917		-730
2918		-00:39:06,960 ~-~-> 00:39:09,930
2919		-trading plan, okay? But it's also going
2920		-
2921		-731
2922		-00:39:09,930 ~-~-> 00:39:13,740
2923		-to teach you that you can find a lot of
2924		-
2925		-732
2926		-00:39:13,740 ~-~-> 00:39:15,990
2927		-opportunities where things will line up
2928		-
2929		-733
2930		-00:39:15,990 ~-~-> 00:39:17,130
2931		-for you, but you're also going to
2932		-
2933		-734
2934		-00:39:17,130 ~-~-> 00:39:20,160
2935		-encounter days and opportunities where
2936		-
2937		-735
2938		-00:39:20,220 ~-~-> 00:39:21,780
2939		-it doesn't work out for you, you will
2940		-
2941		-736
2942		-00:39:21,780 ~-~-> 00:39:23,610
2943		-get stopped out for 20 pips. And you'd
2944		-
2945		-737
2946		-00:39:23,610 ~-~-> 00:39:26,310
2947		-be you would do this in a demo account.
2948		-
2949		-738
2950		-00:39:26,490 ~-~-> 00:39:29,070
2951		-Okay? It's also going to teach you that
2952		-
2953		-739
2954		-00:39:29,070 ~-~-> 00:39:30,750
2955		-you're not going to trade every single
2956		-
2957		-740
2958		-00:39:30,750 ~-~-> 00:39:33,060
2959		-day, but it will give you one trading
2960		-
2961		-741
2962		-00:39:33,060 ~-~-> 00:39:36,300
2963		-setup per week. Notice the double lines
2964		-
2965		-742
2966		-00:39:36,300 ~-~-> 00:39:37,950
2967		-here, see that that's a Sunday. So this
2968		-
2969		-743
2970		-00:39:37,950 ~-~-> 00:39:41,910
2971		-whole day here is one day or Monday.
2972		-
2973		-744
2974		-00:39:41,970 ~-~-> 00:39:43,530
2975		-This is Tuesdays actually between the
2976		-
2977		-745
2978		-00:39:43,560 ~-~-> 00:39:46,230
2979		-vertical lines here in here, between
2980		-
2981		-746
2982		-00:39:46,230 ~-~-> 00:39:49,380
2983		-this vertical line here and here is
2984		-
2985		-747
2986		-00:39:49,380 ~-~-> 00:39:51,990
2987		-Wednesday's trading. This is Thursdays
2988		-
2989		-748
2990		-00:39:51,990 ~-~-> 00:39:54,600
2991		-trading. This is Monday's trading, okay.
2992		-
2993		-749
2994		-00:39:57,420 ~-~-> 00:39:59,580
2995		-Using this example, here, this is a
2996		-
2997		-750
2998		-00:40:00,270 ~-~-> 00:40:02,400
2999		-resistance level, okay delineated from
3000		-
3001		-751
3002		-00:40:02,400 ~-~-> 00:40:05,460
3003		-the weekly chart you would sell at this
3004		-
3005		-752
3006		-00:40:05,460 ~-~-> 00:40:17,790
3007		-price level at 168 25 168 25. Right
3008		-
3009		-753
3010		-00:40:17,790 ~-~-> 00:40:20,970
3011		-there and your stop loss
3012		-
3013		-754
3014		-00:40:27,210 ~-~-> 00:40:31,680
3015		-would be up here. So, if you're selling
3016		-
3017		-755
3018		-00:40:31,680 ~-~-> 00:40:38,820
3019		-at once exceed 25 price traded what's a
3020		-
3021		-756
3022		-00:40:38,820 ~-~-> 00:40:41,940
3023		-high if I can get my oh do Hickey here
3024		-
3025		-757
3026		-00:40:41,940 ~-~-> 00:40:46,740
3027		-to work with me. Let's get a little bit
3028		-
3029		-758
3030		-00:40:46,740 ~-~-> 00:40:53,100
3031		-tighter. The range high on that is
3032		-
3033		-759
3034		-00:40:53,190 ~-~-> 00:41:01,620
3035		-168 44. So in here 168 44 It's close he
3036		-
3037		-760
3038		-00:41:01,620 ~-~-> 00:41:03,960
3039		-may depend upon what data feed you were
3040		-
3041		-761
3042		-00:41:03,960 ~-~-> 00:41:05,790
3043		-using and what broker you could have
3044		-
3045		-762
3046		-00:41:05,820 ~-~-> 00:41:08,250
3047		-tagged down it could have very well
3048		-
3049		-763
3050		-00:41:08,640 ~-~-> 00:41:10,530
3051		-taken you out. So that would have been
3052		-
3053		-764
3054		-00:41:10,530 ~-~-> 00:41:12,900
3055		-an opportunity even though it did pan
3056		-
3057		-765
3058		-00:41:12,900 ~-~-> 00:41:19,170
3059		-out and move from that level 20 pips and
3060		-
3061		-766
3062		-00:41:19,170 ~-~-> 00:41:21,300
3063		-would have paid on that one they you
3064		-
3065		-767
3066		-00:41:21,330 ~-~-> 00:41:22,800
3067		-could have you could have very easily
3068		-
3069		-768
3070		-00:41:22,800 ~-~-> 00:41:24,750
3071		-been stopped out. Okay. And that's it
3072		-
3073		-769
3074		-00:41:24,750 ~-~-> 00:41:26,580
3075		-that's the thing that's an exercise for
3076		-
3077		-770
3078		-00:41:26,580 ~-~-> 00:41:28,800
3079		-you to see what it's like to go through
3080		-
3081		-771
3082		-00:41:28,800 ~-~-> 00:41:31,050
3083		-that adversity. Okay and still see it
3084		-
3085		-772
3086		-00:41:31,260 ~-~-> 00:41:32,640
3087		-still moving right in the right
3088		-
3089		-773
3090		-00:41:32,640 ~-~-> 00:41:34,440
3091		-direction. So here we have another
3092		-
3093		-774
3094		-00:41:34,440 ~-~-> 00:41:37,200
3095		-example just doing the same thing. You
3096		-
3097		-775
3098		-00:41:37,200 ~-~-> 00:41:39,960
3099		-will be selling at once to see 825 as
3100		-
3101		-776
3102		-00:41:39,960 ~-~-> 00:41:43,710
3103		-price trades right up to it. your stop
3104		-
3105		-777
3106		-00:41:43,710 ~-~-> 00:41:51,540
3107		-loss again. never touched. Okay. So
3108		-
3109		-778
3110		-00:41:51,540 ~-~-> 00:41:52,950
3111		-appears where your stop loss would be.
3112		-
3113		-779
3114		-00:41:54,000 ~-~-> 00:41:58,290
3115		-20 pips take profit. Right down here on
3116		-
3117		-780
3118		-00:41:58,290 ~-~-> 00:42:00,810
3119		-this candle you'd be filled That's it,
3120		-
3121		-781
3122		-00:42:00,870 ~-~-> 00:42:03,450
3123		-you'd be out. Okay. And you would simply
3124		-
3125		-782
3126		-00:42:03,450 ~-~-> 00:42:05,400
3127		-move to the sidelines. Again, the other
3128		-
3129		-783
3130		-00:42:05,400 ~-~-> 00:42:07,860
3131		-part of the trading exercises, you are
3132		-
3133		-784
3134		-00:42:07,860 ~-~-> 00:42:10,320
3135		-taking specific surgical strikes and
3136		-
3137		-785
3138		-00:42:10,980 ~-~-> 00:42:13,560
3139		-taking out pips, controlled risk,
3140		-
3141		-786
3142		-00:42:13,950 ~-~-> 00:42:16,170
3143		-controlled execution, you know where
3144		-
3145		-787
3146		-00:42:16,170 ~-~-> 00:42:17,790
3147		-you're getting in now, you know, when
3148		-
3149		-788
3150		-00:42:17,790 ~-~-> 00:42:20,010
3151		-you're getting out at, you know exactly
3152		-
3153		-789
3154		-00:42:20,010 ~-~-> 00:42:21,600
3155		-what you're doing when you're doing it
3156		-
3157		-790
3158		-00:42:21,660 ~-~-> 00:42:23,010
3159		-while you're doing it based on a
3160		-
3161		-791
3162		-00:42:23,010 ~-~-> 00:42:26,520
3163		-specific price level that was delineate
3164		-
3165		-792
3166		-00:42:26,520 ~-~-> 00:42:27,930
3167		-from a daily and weekly chart, which are
3168		-
3169		-793
3170		-00:42:27,930 ~-~-> 00:42:31,290
3171		-the two highest important in
3172		-
3173		-794
3174		-00:42:31,380 ~-~-> 00:42:33,300
3175		-institutional levels to be paying
3176		-
3177		-795
3178		-00:42:33,300 ~-~-> 00:42:34,560
3179		-attention to, again, that being the
3180		-
3181		-796
3182		-00:42:34,560 ~-~-> 00:42:40,260
3183		-weekly and daily so we had an example of
3184		-
3185		-797
3186		-00:42:40,260 ~-~-> 00:42:43,170
3187		-a buy during that week. And we had an
3188		-
3189		-798
3190		-00:42:43,170 ~-~-> 00:42:46,170
3191		-example of sell here for that week that
3192		-
3193		-799
3194		-00:42:46,170 ~-~-> 00:42:48,540
3195		-would have panned out as an as a losing
3196		-
3197		-800
3198		-00:42:48,540 ~-~-> 00:42:51,960
3199		-opportunity. We have a new week here
3200		-
3201		-801
3202		-00:42:51,960 ~-~-> 00:42:53,970
3203		-starting on Sunday, right on Monday, we
3204		-
3205		-802
3206		-00:42:53,970 ~-~-> 00:42:55,890
3207		-have that first opportunity trade, boom,
3208		-
3209		-803
3210		-00:42:56,190 ~-~-> 00:42:58,680
3211		-sell into that resistance and get your
3212		-
3213		-804
3214		-00:42:58,680 ~-~-> 00:43:03,330
3215		-20 pips done. Okay, now you can now also
3216		-
3217		-805
3218		-00:43:03,420 ~-~-> 00:43:05,400
3219		-fine tune this a little bit. We
3220		-
3221		-806
3222		-00:43:05,400 ~-~-> 00:43:07,710
3223		-discussed how to make 6%. Right? You can
3224		-
3225		-807
3226		-00:43:07,710 ~-~-> 00:43:10,650
3227		-test the theory of making 6% with one
3228		-
3229		-808
3230		-00:43:10,650 ~-~-> 00:43:12,810
3231		-trade per week by saying okay, well I'm
3232		-
3233		-809
3234		-00:43:12,810 ~-~-> 00:43:15,330
3235		-not going to use a 20 Pip, stop loss and
3236		-
3237		-810
3238		-00:43:15,330 ~-~-> 00:43:17,310
3239		-take profit at 20 pips, I'm going to use
3240		-
3241		-811
3242		-00:43:17,310 ~-~-> 00:43:22,830
3243		-a 30 PIP stop loss and aim to make 25
3244		-
3245		-812
3246		-00:43:22,830 ~-~-> 00:43:25,050
3247		-pips for the weekly goal. Yes, you're
3248		-
3249		-813
3250		-00:43:25,050 ~-~-> 00:43:28,290
3251		-making less than your risk. But you're
3252		-
3253		-814
3254		-00:43:28,290 ~-~-> 00:43:31,830
3255		-also aiming with the mindset that slowly
3256		-
3257		-815
3258		-00:43:31,830 ~-~-> 00:43:33,330
3259		-developed into where you could
3260		-
3261		-816
3262		-00:43:33,330 ~-~-> 00:43:35,490
3263		-potentially look to make that 30 pips
3264		-
3265		-817
3266		-00:43:35,490 ~-~-> 00:43:38,100
3267		-for the 30 pips risk, okay. And then you
3268		-
3269		-818
3270		-00:43:38,100 ~-~-> 00:43:40,530
3271		-take this exercise one step further by
3272		-
3273		-819
3274		-00:43:40,530 ~-~-> 00:43:42,750
3275		-saying, Okay, well, if I can see these
3276		-
3277		-820
3278		-00:43:42,750 ~-~-> 00:43:45,990
3279		-levels like this, why can't I take my
3280		-
3281		-821
3282		-00:43:45,990 ~-~-> 00:43:49,740
3283		-stop loss and reduce it to a 15 PIP
3284		-
3285		-822
3286		-00:43:49,740 ~-~-> 00:43:53,400
3287		-stop. So now if you're selling on that
3288		-
3289		-823
3290		-00:43:53,400 ~-~-> 00:43:59,910
3291		-level, here your stop losses now. See
3292		-
3293		-824
3294		-00:43:59,910 ~-~-> 00:44:02,970
3295		-that So that's how we will use these
3296		-
3297		-825
3298		-00:44:02,970 ~-~-> 00:44:06,060
3299		-exercises going forward. Okay to groom
3300		-
3301		-826
3302		-00:44:06,060 ~-~-> 00:44:07,890
3303		-you into doing the things that you need
3304		-
3305		-827
3306		-00:44:07,890 ~-~-> 00:44:10,860
3307		-to be doing again this is one week
3308		-
3309		-828
3310		-00:44:10,890 ~-~-> 00:44:14,400
3311		-starting here again you're going to let
3312		-
3313		-829
3314		-00:44:14,490 ~-~-> 00:44:16,170
3315		-other trades pass by you don't care
3316		-
3317		-830
3318		-00:44:16,170 ~-~-> 00:44:19,050
3319		-about what the other market setups are
3320		-
3321		-831
3322		-00:44:19,050 ~-~-> 00:44:22,770
3323		-dealing you don't care about that. Where
3324		-
3325		-832
3326		-00:44:22,770 ~-~-> 00:44:28,110
3327		-are we at here? We are did one trade for
3328		-
3329		-833
3330		-00:44:28,650 ~-~-> 00:44:30,930
3331		-you Yeah, that was the Monday so you
3332		-
3333		-834
3334		-00:44:30,930 ~-~-> 00:44:32,910
3335		-would be done for the week if you're
3336		-
3337		-835
3338		-00:44:32,910 ~-~-> 00:44:35,940
3339		-doing once one shot one kill mentality
3340		-
3341		-836
3342		-00:44:35,940 ~-~-> 00:44:38,700
3343		-in developing that. Here we have another
3344		-
3345		-837
3346		-00:44:38,700 ~-~-> 00:44:42,180
3347		-an area here where we're looking for 20
3348		-
3349		-838
3350		-00:44:42,180 ~-~-> 00:44:46,470
3351		-pips stop. Sell that level at the figure
3352		-
3353		-839
3354		-00:44:46,470 ~-~-> 00:44:50,040
3355		-at 170 even 20 PIP stop, never hit you.
3356		-
3357		-840
3358		-00:44:51,570 ~-~-> 00:44:55,650
3359		-Does it pay you to 20 pips? Sure does.
3360		-
3361		-841
3362		-00:44:55,680 ~-~-> 00:44:57,900
3363		-Boom. There's your one shot one kill set
3364		-
3365		-842
3366		-00:44:57,900 ~-~-> 00:45:01,260
3367		-up. Drill for that week. And it does
3368		-
3369		-843
3370		-00:45:01,260 ~-~-> 00:45:04,470
3371		-give you another one right here that
3372		-
3373		-844
3374		-00:45:04,470 ~-~-> 00:45:06,990
3375		-would have paid you again to 20 pips.
3376		-
3377		-845
3378		-00:45:08,940 ~-~-> 00:45:10,200
3379		-But once you get it you moved to the
3380		-
3381		-846
3382		-00:45:10,200 ~-~-> 00:45:11,970
3383		-sideline, you don't worry about again,
3384		-
3385		-847
3386		-00:45:12,150 ~-~-> 00:45:14,880
3387		-here's two scenarios right here where it
3388		-
3389		-848
3390		-00:45:14,880 ~-~-> 00:45:21,600
3391		-does it again. Your stop is obviously
3392		-
3393		-849
3394		-00:45:21,600 ~-~-> 00:45:25,620
3395		-never hit selling it at 160 I'm sorry
3396		-
3397		-850
3398		-00:45:25,620 ~-~-> 00:45:26,790
3399		-170 60
3400		-
3401		-851
3402		-00:45:29,430 ~-~-> 00:45:35,550
3403		-and looking at your 25th target taken
3404		-
3405		-852
3406		-00:45:35,610 ~-~-> 00:45:36,840
3407		-right there, you would have got filled.
3408		-
3409		-853
3410		-00:45:37,380 ~-~-> 00:45:39,000
3411		-same scenario here for another
3412		-
3413		-854
3414		-00:45:39,000 ~-~-> 00:45:42,120
3415		-opportunity. Obviously stop, never hit
3416		-
3417		-855
3418		-00:45:42,150 ~-~-> 00:45:45,510
3419		-song at the big figure. I'm sorry 170 60
3420		-
3421		-856
3422		-00:45:46,170 ~-~-> 00:45:47,850
3423		-paying you. You're 20 pips right there.
3424		-
3425		-857
3426		-00:45:48,360 ~-~-> 00:45:52,560
3427		-wonderful opportunity. Going into a new
3428		-
3429		-858
3430		-00:45:52,560 ~-~-> 00:45:57,900
3431		-week. We have this Sunday here. All
3432		-
3433		-859
3434		-00:45:57,900 ~-~-> 00:46:02,190
3435		-right. We have Price trading down to
3436		-
3437		-860
3438		-00:46:02,190 ~-~-> 00:46:08,610
3439		-this level here buying the level Okay,
3440		-
3441		-861
3442		-00:46:08,670 ~-~-> 00:46:10,620
3443		-here we are at a resistance and support
3444		-
3445		-862
3446		-00:46:10,620 ~-~-> 00:46:12,450
3447		-level based on daily and weekly that red
3448		-
3449		-863
3450		-00:46:12,450 ~-~-> 00:46:15,180
3451		-lines weekly. You would be buying here
3452		-
3453		-864
3454		-00:46:15,270 ~-~-> 00:46:17,760
3455		-with a stop loss 20 pips below this is
3456		-
3457		-865
3458		-00:46:17,760 ~-~-> 00:46:19,740
3459		-where you would absolutely be taken out
3460		-
3461		-866
3462		-00:46:19,740 ~-~-> 00:46:21,660
3463		-of the trade rather quickly if you took
3464		-
3465		-867
3466		-00:46:21,660 ~-~-> 00:46:23,340
3467		-it at all. Okay, so that'd be a losing
3468		-
3469		-868
3470		-00:46:23,340 ~-~-> 00:46:27,150
3471		-trade for you to actually feel in feel
3472		-
3473		-869
3474		-00:46:27,150 ~-~-> 00:46:28,650
3475		-what it's like to go through that.
3476		-
3477		-870
3478		-00:46:30,240 ~-~-> 00:46:31,890
3479		-Here's an area where you'd be selling
3480		-
3481		-871
3482		-00:46:31,890 ~-~-> 00:46:33,150
3483		-that same level because we traded right
3484		-
3485		-872
3486		-00:46:33,150 ~-~-> 00:46:36,000
3487		-back up to it. your stop loss 20 pips
3488		-
3489		-873
3490		-00:46:36,000 ~-~-> 00:46:39,750
3491		-away so you'd sell right at that 170
3492		-
3493		-874
3494		-00:46:39,750 ~-~-> 00:46:43,380
3495		-figure. Stop Loss will be up here. never
3496		-
3497		-875
3498		-00:46:43,380 ~-~-> 00:46:49,080
3499		-hit? does it pay you to 20 pips? Boom.
3500		-
3501		-876
3502		-00:46:49,260 ~-~-> 00:46:51,750
3503		-Yes, it does. Okay. So you would be you
3504		-
3505		-877
3506		-00:46:51,750 ~-~-> 00:46:53,670
3507		-would recoup the loss you took here.
3508		-
3509		-878
3510		-00:46:53,940 ~-~-> 00:46:56,070
3511		-You'd immediately right now be back to
3512		-
3513		-879
3514		-00:46:56,400 ~-~-> 00:47:02,040
3515		-even for the week. Okay, If you were
3516		-
3517		-880
3518		-00:47:02,040 ~-~-> 00:47:04,800
3519		-looking to sell, again that level here,
3520		-
3521		-881
3522		-00:47:05,400 ~-~-> 00:47:08,040
3523		-you would take a loss with this
3524		-
3525		-882
3526		-00:47:08,040 ~-~-> 00:47:10,350
3527		-exercise. If you're taking again, it's
3528		-
3529		-883
3530		-00:47:10,350 ~-~-> 00:47:13,800
3531		-assuming you take multiple entries. So
3532		-
3533		-884
3534		-00:47:13,800 ~-~-> 00:47:16,920
3535		-you would if you sold this level here,
3536		-
3537		-885
3538		-00:47:16,920 ~-~-> 00:47:18,630
3539		-you'd be stopped out for your 20 PIP
3540		-
3541		-886
3542		-00:47:18,630 ~-~-> 00:47:21,570
3543		-loss. Okay, price comes back back down.
3544		-
3545		-887
3546		-00:47:21,930 ~-~-> 00:47:24,180
3547		-This is a same level again, you would be
3548		-
3549		-888
3550		-00:47:24,180 ~-~-> 00:47:27,120
3551		-buying it now. Again for the exercise.
3552		-
3553		-889
3554		-00:47:28,170 ~-~-> 00:47:30,450
3555		-Price comes down that level you buy 170
3556		-
3557		-890
3558		-00:47:30,450 ~-~-> 00:47:32,100
3559		-big figure your stop loss is 20 pips
3560		-
3561		-891
3562		-00:47:32,100 ~-~-> 00:47:34,380
3563		-below it never trades there. does it pay
3564		-
3565		-892
3566		-00:47:34,380 ~-~-> 00:47:37,890
3567		-your 20 pips? Yes. So now you took a
3568		-
3569		-893
3570		-00:47:37,890 ~-~-> 00:47:40,740
3571		-loss here, recouped it here. You took a
3572		-
3573		-894
3574		-00:47:40,740 ~-~-> 00:47:42,870
3575		-loss here recouped it here, your net
3576		-
3577		-895
3578		-00:47:42,900 ~-~-> 00:47:47,280
3579		-even on the week and you go out the
3580		-
3581		-896
3582		-00:47:47,280 ~-~-> 00:47:49,770
3583		-week, not even. That's a good exercise.
3584		-
3585		-897
3586		-00:47:50,040 ~-~-> 00:47:51,630
3587		-That's a good learning experience for
3588		-
3589		-898
3590		-00:47:51,630 ~-~-> 00:47:54,240
3591		-you that week. We go into a new week
3592		-
3593		-899
3594		-00:47:54,240 ~-~-> 00:47:59,820
3595		-here, up to a level Okay, you have
3596		-
3597		-900
3598		-00:47:59,820 ~-~-> 00:48:01,380
3599		-stopped loss above that level selling
3600		-
3601		-901
3602		-00:48:01,380 ~-~-> 00:48:04,860
3603		-short blows you out 20 pips stop loss
3604		-
3605		-902
3606		-00:48:04,890 ~-~-> 00:48:07,350
3607		-done. Okay, you're out of a loss. He
3608		-
3609		-903
3610		-00:48:07,350 ~-~-> 00:48:09,600
3611		-starts the week. Again as a net loser.
3612		-
3613		-904
3614		-00:48:10,920 ~-~-> 00:48:14,280
3615		-We got to another level. Notice it
3616		-
3617		-905
3618		-00:48:14,280 ~-~-> 00:48:16,140
3619		-doesn't get to it right here fell short
3620		-
3621		-906
3622		-00:48:16,140 ~-~-> 00:48:18,330
3623		-of a little bit. You sell short on that
3624		-
3625		-907
3626		-00:48:18,330 ~-~-> 00:48:23,550
3627		-level of stop losses above 171 80. So at
3628		-
3629		-908
3630		-00:48:23,550 ~-~-> 00:48:25,560
3631		-that price level and does it pay your 20
3632		-
3633		-909
3634		-00:48:25,560 ~-~-> 00:48:28,740
3635		-pips? Yes. Be patient. Okay, so you
3636		-
3637		-910
3638		-00:48:28,740 ~-~-> 00:48:31,230
3639		-recoup the loss you took here. Now
3640		-
3641		-911
3642		-00:48:31,230 ~-~-> 00:48:34,680
3643		-you're even for this week. There's two
3644		-
3645		-912
3646		-00:48:34,680 ~-~-> 00:48:37,440
3647		-weeks, you had no gains, but you're able
3648		-
3649		-913
3650		-00:48:37,440 ~-~-> 00:48:39,930
3651		-to recoup the losses. Very, very
3652		-
3653		-914
3654		-00:48:39,930 ~-~-> 00:48:40,710
3655		-important lesson.
3656		-
3657		-915
3658		-00:48:46,140 ~-~-> 00:48:49,350
3659		-Price comes down to this example we
3660		-
3661		-916
3662		-00:48:49,350 ~-~-> 00:48:51,900
3663		-showed earlier in the video explaining
3664		-
3665		-917
3666		-00:48:51,930 ~-~-> 00:48:55,530
3667		-how to get the four to one scenarios. So
3668		-
3669		-918
3670		-00:48:55,530 ~-~-> 00:48:56,520
3671		-this is where we're at right now
3672		-
3673		-919
3674		-00:48:56,520 ~-~-> 00:48:58,530
3675		-presently. We trade up to that same
3676		-
3677		-920
3678		-00:48:58,530 ~-~-> 00:49:05,430
3679		-level here intraday. selling this level
3680		-
3681		-921
3682		-00:49:05,430 ~-~-> 00:49:08,520
3683		-at 171 ad using a 20 PIP stop never got
3684		-
3685		-922
3686		-00:49:08,520 ~-~-> 00:49:13,380
3687		-tagged. Did it pay your 20 pips? Yes,
3688		-
3689		-923
3690		-00:49:13,380 ~-~-> 00:49:17,580
3691		-indeed. Okay, so you're able to capture
3692		-
3693		-924
3694		-00:49:17,580 ~-~-> 00:49:19,380
3695		-this one here and capture this one here
3696		-
3697		-925
3698		-00:49:19,650 ~-~-> 00:49:22,560
3699		-using the trading exercises. And it's
3700		-
3701		-926
3702		-00:49:22,560 ~-~-> 00:49:24,540
3703		-again, it's meant to develop your
3704		-
3705		-927
3706		-00:49:25,410 ~-~-> 00:49:27,120
3707		-consistency of following a plan,
3708		-
3709		-928
3710		-00:49:27,510 ~-~-> 00:49:29,160
3711		-regardless of whatever that makes money
3712		-
3713		-929
3714		-00:49:29,160 ~-~-> 00:49:31,080
3715		-every single time or not. You don't care
3716		-
3717		-930
3718		-00:49:31,080 ~-~-> 00:49:33,630
3719		-whether or not if you get to trade every
3720		-
3721		-931
3722		-00:49:33,630 ~-~-> 00:49:35,850
3723		-single day, you're looking for weekly
3724		-
3725		-932
3726		-00:49:35,850 ~-~-> 00:49:37,920
3727		-and daily highs and lows. Once they
3728		-
3729		-933
3730		-00:49:37,920 ~-~-> 00:49:40,290
3731		-trade there, boom, you just go back over
3732		-
3733		-934
3734		-00:49:40,530 ~-~-> 00:49:43,410
3735		-your charts of recent price action, you
3736		-
3737		-935
3738		-00:49:43,410 ~-~-> 00:49:45,660
3739		-know, two, three months at tops and go
3740		-
3741		-936
3742		-00:49:45,660 ~-~-> 00:49:47,250
3743		-through those levels, have them on your
3744		-
3745		-937
3746		-00:49:47,250 ~-~-> 00:49:49,440
3747		-charts, okay, delineate them and then
3748		-
3749		-938
3750		-00:49:49,440 ~-~-> 00:49:52,050
3751		-color, you know, fashion you like I use
3752		-
3753		-939
3754		-00:49:52,050 ~-~-> 00:49:53,640
3755		-red for the weekly and green for the
3756		-
3757		-940
3758		-00:49:53,640 ~-~-> 00:49:55,590
3759		-daily. It could be whatever, whatever
3760		-
3761		-941
3762		-00:49:55,590 ~-~-> 00:49:58,440
3763		-you like. It doesn't have to be exactly
3764		-
3765		-942
3766		-00:49:58,440 ~-~-> 00:49:59,970
3767		-how I'm showing it to you in turn.
3768		-
3769		-943
3770		-00:50:00,000 ~-~-> 00:50:02,520
3771		-Colors and thicknesses and all that.
3772		-
3773		-944
3774		-00:50:02,760 ~-~-> 00:50:03,930
3775		-It's a matter of preference what you
3776		-
3777		-945
3778		-00:50:03,930 ~-~-> 00:50:06,690
3779		-want to differentiate those levels based
3780		-
3781		-946
3782		-00:50:06,690 ~-~-> 00:50:09,300
3783		-on whether the weekly or daily and don't
3784		-
3785		-947
3786		-00:50:09,300 ~-~-> 00:50:11,220
3787		-think too much about setting precedence
3788		-
3789		-948
3790		-00:50:11,220 ~-~-> 00:50:13,290
3791		-over weekly being better than a daily
3792		-
3793		-949
3794		-00:50:13,290 ~-~-> 00:50:15,960
3795		-for now just use the swing points and
3796		-
3797		-950
3798		-00:50:15,960 ~-~-> 00:50:18,480
3799		-highs and lows that we discussed earlier
3800		-
3801		-951
3802		-00:50:18,480 ~-~-> 00:50:22,260
3803		-in the video to build you the basis for
3804		-
3805		-952
3806		-00:50:22,260 ~-~-> 00:50:24,660
3807		-the the initial steps and finding your
3808		-
3809		-953
3810		-00:50:24,660 ~-~-> 00:50:27,750
3811		-excellence in execution. And until the
3812		-
3813		-954
3814		-00:50:27,750 ~-~-> 00:50:30,780
3815		-next edition, I wish you good luck and
3816		-
3817		-955
3818		-00:50:30,780 ~-~-> 00:50:31,380
3819		-good trading.