Skip to Content

Wiki source code of ICT-WENT-04.srt

Version 1.1 by Drunk Monkey on 2020-11-20 16:14
Show last authors
1 1
2 00:00:11,400 ~-~-> 00:00:13,200
3 ICT: Alright guys, we're looking at a
4
5 2
6 00:00:13,470 ~-~-> 00:00:17,160
7 few discussions on the use of support
8
9 3
10 00:00:17,160 ~-~-> 00:00:18,300
11 and resistance. And I know this is
12
13 4
14 00:00:18,300 ~-~-> 00:00:20,220
15 probably a very boring topic to most of
16
17 5
18 00:00:20,220 ~-~-> 00:00:22,320
19 you. Since you're all so advanced and so
20
21 6
22 00:00:22,320 ~-~-> 00:00:24,930
23 proficient in your trading. That's basic
24
25 7
26 00:00:24,930 ~-~-> 00:00:26,970
27 right? We're going to be looking at a
28
29 8
30 00:00:26,970 ~-~-> 00:00:29,550
31 few things that hopefully will amplify
32
33 9
34 00:00:29,550 ~-~-> 00:00:31,890
35 your understanding and give you a better
36
37 10
38 00:00:32,220 ~-~-> 00:00:35,790
39 respect for those things that are lined
40
41 11
42 00:00:35,820 ~-~-> 00:00:38,610
43 up with the use of support resistance.
44
45 12
46 00:00:38,940 ~-~-> 00:00:44,340
47 Now, again, it's not to mention the
48
49 13
50 00:00:44,490 ~-~-> 00:00:48,000
51 obvious basic nature of support
52
53 14
54 00:00:48,000 ~-~-> 00:00:49,740
55 resistance to rub it in your face. It's
56
57 15
58 00:00:49,740 ~-~-> 00:00:52,200
59 meant to really bring you back to a core
60
61 16
62 00:00:52,200 ~-~-> 00:00:55,170
63 basic tenant, to sound technical
64
65 17
66 00:00:55,170 ~-~-> 00:00:57,960
67 analysis. There's no better way of
68
69 18
70 00:00:57,960 ~-~-> 00:01:02,400
71 gauging the Measure of supply and demand
72
73 19
74 00:01:02,820 ~-~-> 00:01:07,950
75 and the factors that are inherently tied
76
77 20
78 00:01:08,130 ~-~-> 00:01:10,860
79 to price moving up and down, no better
80
81 21
82 00:01:10,860 ~-~-> 00:01:13,650
83 than the use of sport assistance. And
84
85 22
86 00:01:13,920 ~-~-> 00:01:15,960
87 it's important to understand that it
88
89 23
90 00:01:15,960 ~-~-> 00:01:19,770
91 shouldn't be discounted, every effective
92
93 24
94 00:01:19,980 ~-~-> 00:01:23,160
95 trading plan should at least consider
96
97 25
98 00:01:23,160 ~-~-> 00:01:29,670
99 it. Even if you are a like an EA trader,
100
101 26
102 00:01:29,760 ~-~-> 00:01:32,700
103 okay, if you are, you know, a trader
104
105 27
106 00:01:32,700 ~-~-> 00:01:34,920
107 that utilizes that type of approach of
108
109 28
110 00:01:34,920 ~-~-> 00:01:37,230
111 trading, hopefully you've incorporated
112
113 29
114 00:01:37,230 ~-~-> 00:01:38,850
115 some measure of support resistance in
116
117 30
118 00:01:38,850 ~-~-> 00:01:42,060
119 your, your, your studies or your your,
120
121 31
122 00:01:42,660 ~-~-> 00:01:45,840
123 your EA that is used to do your trading.
124
125 32
126 00:01:46,260 ~-~-> 00:01:48,060
127 Obviously, discretionary trading and
128
129 33
130 00:01:48,060 ~-~-> 00:01:51,210
131 manual trading is my forte because I
132
133 34
134 00:01:51,210 ~-~-> 00:01:53,550
135 think it's the best. There isn't a
136
137 35
138 00:01:53,550 ~-~-> 00:01:56,070
139 program out there that I'm convinced
140
141 36
142 00:01:56,100 ~-~-> 00:01:59,100
143 that would ever outdo a sound technical
144
145 37
146 00:01:59,100 ~-~-> 00:02:01,290
147 analyst and someone that has a lot of
148
149 38
150 00:02:01,560 ~-~-> 00:02:05,160
151 experience in in the study of price. The
152
153 39
154 00:02:05,160 ~-~-> 00:02:07,860
155 ability to adjust and adapt to short
156
157 40
158 00:02:07,860 ~-~-> 00:02:12,690
159 term variances in the market environment
160
161 41
162 00:02:12,900 ~-~-> 00:02:16,140
163 is completely unique to the human mind.
164
165 42
166 00:02:16,170 ~-~-> 00:02:18,180
167 And I don't believe they'll ever come to
168
169 43
170 00:02:18,180 ~-~-> 00:02:21,480
171 that level of artificial intelligence,
172
173 44
174 00:02:21,780 ~-~-> 00:02:23,430
175 because it's a psychological thing,
176
177 45
178 00:02:23,610 ~-~-> 00:02:27,210
179 okay? And it's very, very difficult to
180
181 46
182 00:02:27,210 ~-~-> 00:02:29,970
183 trade that or rather not trade it, but
184
185 47
186 00:02:30,120 ~-~-> 00:02:33,420
187 to code that, and it's about you seeing
188
189 48
190 00:02:33,450 ~-~-> 00:02:35,520
191 what the psychology is in the market
192
193 49
194 00:02:35,550 ~-~-> 00:02:38,070
195 through price action. And it's important
196
197 50
198 00:02:38,280 ~-~-> 00:02:42,090
199 that we focus our study on the technical
200
201 51
202 00:02:42,090 ~-~-> 00:02:45,180
203 aspects of trading through the study of
204
205 52
206 00:02:45,180 ~-~-> 00:02:46,800
207 price action, and there's no better way
208
209 53
210 00:02:46,800 ~-~-> 00:02:48,390
211 of doing it than trading with support
212
213 54
214 00:02:48,390 ~-~-> 00:02:51,480
215 resistance. Now. I'm a very firm
216
217 55
218 00:02:51,480 ~-~-> 00:02:53,280
219 believer that horizontal support
220
221 56
222 00:02:53,280 ~-~-> 00:02:55,710
223 resistance is absolutely the best in
224
225 57
226 00:02:55,710 ~-~-> 00:02:58,350
227 terms of gauging the measure of supply
228
229 58
230 00:02:58,350 ~-~-> 00:03:01,140
231 and demand and don't have a whole lot of
232
233 59
234 00:03:01,140 ~-~-> 00:03:05,130
235 faith in diagonal diagnoses like trend
236
237 60
238 00:03:05,130 ~-~-> 00:03:07,290
239 lines, I don't like seeing uptrend lines
240
241 61
242 00:03:07,290 ~-~-> 00:03:08,550
243 and downtrend lines, I have no faith in
244
245 62
246 00:03:08,550 ~-~-> 00:03:11,700
247 them. I can show you many examples of
248
249 63
250 00:03:11,700 ~-~-> 00:03:13,590
251 where that looks perfect right out of
252
253 64
254 00:03:13,590 ~-~-> 00:03:15,870
255 the textbook and it looks so easy. You
256
257 65
258 00:03:15,870 ~-~-> 00:03:17,910
259 know, anyone didn't sit down, just put
260
261 66
262 00:03:17,910 ~-~-> 00:03:19,920
263 two, two swing points together, draw a
264
265 67
266 00:03:19,920 ~-~-> 00:03:21,870
267 line and keep going in time, eventually
268
269 68
270 00:03:21,870 ~-~-> 00:03:23,280
271 when it comes back down to it just
272
273 69
274 00:03:23,340 ~-~-> 00:03:24,990
275 despite it, okay, well, it's not that
276
277 70
278 00:03:24,990 ~-~-> 00:03:30,270
279 easy. In fact, the professionals, okay,
280
281 71
282 00:03:30,300 ~-~-> 00:03:31,560
283 are the specialists out there,
284
285 72
286 00:03:31,770 ~-~-> 00:03:32,970
287 understand that there's going to be a
288
289 73
290 00:03:32,970 ~-~-> 00:03:34,800
291 lot of liquidity based around that
292
293 74
294 00:03:34,800 ~-~-> 00:03:37,350
295 simple procedure of trading at a bounce
296
297 75
298 00:03:37,380 ~-~-> 00:03:41,190
299 or the proverbial bounce, okay. At a
300
301 76
302 00:03:41,190 ~-~-> 00:03:44,070
303 support, diagonal trend line up or down.
304
305 77
306 00:03:44,970 ~-~-> 00:03:50,130
307 And I don't see so much of that with
308
309 78
310 00:03:50,220 ~-~-> 00:03:52,440
311 horizontal support resistance, and it's
312
313 79
314 00:03:52,440 ~-~-> 00:03:55,290
315 based on like, basically, it's like an
316
317 80
318 00:03:55,290 ~-~-> 00:03:57,870
319 auction environment, okay. If price
320
321 81
322 00:03:57,870 ~-~-> 00:03:59,640
323 drops down to a certain level, it's
324
325 82
326 00:03:59,640 ~-~-> 00:04:02,400
327 perceived devalue will incite buying,
328
329 83
330 00:04:02,850 ~-~-> 00:04:05,580
331 okay, or at least a very slow a drastic
332
333 84
334 00:04:05,610 ~-~-> 00:04:07,860
335 slowdown in the selling, which would
336
337 85
338 00:04:07,860 ~-~-> 00:04:10,380
339 cause a pause, at least, if not an all
340
341 86
342 00:04:10,380 ~-~-> 00:04:13,230
343 together bounce in turn higher. And
344
345 87
346 00:04:13,230 ~-~-> 00:04:15,780
347 obviously the same would be reversed for
348
349 88
350 00:04:16,320 ~-~-> 00:04:18,330
351 resistance. But it's important that you
352
353 89
354 00:04:18,330 ~-~-> 00:04:20,940
355 understand that. If you are an indicator
356
357 90
358 00:04:20,940 ~-~-> 00:04:24,660
359 based trader, I have, I have a special
360
361 91
362 00:04:24,660 ~-~-> 00:04:26,580
363 affinity for indicators. While you don't
364
365 92
366 00:04:26,580 ~-~-> 00:04:28,560
367 see too many of them on my charts in my
368
369 93
370 00:04:28,560 ~-~-> 00:04:31,650
371 reviews, I believe that it's important
372
373 94
374 00:04:31,770 ~-~-> 00:04:35,100
375 if a trader has the use of an indicator,
376
377 95
378 00:04:35,400 ~-~-> 00:04:36,660
379 whether it be an overbought or oversold,
380
381 96
382 00:04:36,660 ~-~-> 00:04:39,420
383 whether it be pivots or Fibonacci or
384
385 97
386 00:04:39,420 ~-~-> 00:04:42,000
387 something like that. It's important and
388
389 98
390 00:04:42,000 ~-~-> 00:04:43,710
391 even moving averages as well. It's
392
393 99
394 00:04:43,710 ~-~-> 00:04:45,270
395 important to understand that price
396
397 100
398 00:04:45,270 ~-~-> 00:04:48,960
399 action is the framework that will enable
400
401 101
402 00:04:49,020 ~-~-> 00:04:52,440
403 the effectiveness of those tools to be
404
405 102
406 00:04:53,250 ~-~-> 00:04:55,860
407 capitalized on. It's not simply put an
408
409 103
410 00:04:55,860 ~-~-> 00:04:56,970
411 indicator on there and tell me if it's
412
413 104
414 00:04:56,970 ~-~-> 00:04:58,590
415 overbought or oversold, and when it goes
416
417 105
418 00:04:58,590 ~-~-> 00:05:00,600
419 over, so I'm just gonna be a buyer. And
420
421 106
422 00:05:00,690 ~-~-> 00:05:01,890
423 unfortunately, even when I was a
424
425 107
426 00:05:02,370 ~-~-> 00:05:04,140
427 neophyte trader, that's exactly what I
428
429 108
430 00:05:04,140 ~-~-> 00:05:05,640
431 thought I went into the marketplace,
432
433 109
434 00:05:05,640 ~-~-> 00:05:07,350
435 putting in my indicators. And I thought,
436
437 110
438 00:05:07,350 ~-~-> 00:05:08,880
439 that's all I had to do. And
440
441 111
442 00:05:08,880 ~-~-> 00:05:10,500
443 unfortunately for me,
444
445 112
446 00:05:11,910 ~-~-> 00:05:13,620
447 while I did make money, it was
448
449 113
450 00:05:13,620 ~-~-> 00:05:15,300
451 unfortunate that I got lulled into
452
453 114
454 00:05:15,300 ~-~-> 00:05:16,950
455 believing that I had it licked. And it
456
457 115
458 00:05:16,950 ~-~-> 00:05:19,260
459 was just as simple as that. And I was
460
461 116
462 00:05:19,260 ~-~-> 00:05:22,200
463 the definition of new money. If you sit
464
465 117
466 00:05:22,200 ~-~-> 00:05:24,480
467 down and look at the the dynasties going
468
469 118
470 00:05:24,480 ~-~-> 00:05:26,820
471 into 2000, it was pretty much a
472
473 119
474 00:05:26,820 ~-~-> 00:05:28,980
475 proverbial vertical bull market in the
476
477 120
478 00:05:28,980 ~-~-> 00:05:30,540
479 commodity market, and everything was
480
481 121
482 00:05:30,540 ~-~-> 00:05:31,920
483 just going straight up. So as long as
484
485 122
486 00:05:31,920 ~-~-> 00:05:33,810
487 you were buying oversold conditions and
488
489 123
490 00:05:33,810 ~-~-> 00:05:36,450
491 buying bullish divergence, okay, that
492
493 124
494 00:05:36,450 ~-~-> 00:05:38,820
495 was all I was trading off of. It was
496
497 125
498 00:05:39,060 ~-~-> 00:05:41,070
499 just like taking, you know, a shotgun
500
501 126
502 00:05:41,070 ~-~-> 00:05:43,980
503 and blasting out, you know, a barrel,
504
505 127
506 00:05:43,980 ~-~-> 00:05:46,560
507 full fish you couldn't lose. But
508
509 128
510 00:05:46,560 ~-~-> 00:05:48,060
511 unfortunately, obviously, when the
512
513 129
514 00:05:48,060 ~-~-> 00:05:50,100
515 market changed and moved into an a
516
517 130
518 00:05:50,100 ~-~-> 00:05:52,110
519 trading environment, not a explosive
520
521 131
522 00:05:52,110 ~-~-> 00:05:54,480
523 trend following, you know, commercial
524
525 132
526 00:05:54,480 ~-~-> 00:05:56,340
527 bull market where everything was
528
529 133
530 00:05:56,460 ~-~-> 00:05:59,700
531 extrapolated to the upside only I fell
532
533 134
534 00:05:59,700 ~-~-> 00:06:02,370
535 into some problems. And I quickly
536
537 135
538 00:06:02,370 ~-~-> 00:06:03,960
539 learned that moving averages and
540
541 136
542 00:06:03,990 ~-~-> 00:06:06,690
543 indicators and all that stuff is great.
544
545 137
546 00:06:06,840 ~-~-> 00:06:08,910
547 But there has to be a context and a
548
549 138
550 00:06:08,910 ~-~-> 00:06:11,040
551 premise behind their use. And it's
552
553 139
554 00:06:11,040 ~-~-> 00:06:13,500
555 really framed on the basis of support
556
557 140
558 00:06:13,500 ~-~-> 00:06:16,320
559 resistance. Now, why do you trade
560
561 141
562 00:06:16,320 ~-~-> 00:06:17,520
563 support resistance and it's important
564
565 142
566 00:06:17,520 ~-~-> 00:06:19,950
567 that you understand also that without a
568
569 143
570 00:06:19,950 ~-~-> 00:06:23,070
571 framework, okay, to anticipate when
572
573 144
574 00:06:23,070 ~-~-> 00:06:25,500
575 supply should come in, and when demand
576
577 145
578 00:06:25,500 ~-~-> 00:06:27,450
579 should come into the marketplace? You
580
581 146
582 00:06:27,450 ~-~-> 00:06:29,280
583 know, think about it, how are we to
584
585 147
586 00:06:29,280 ~-~-> 00:06:31,440
587 measure or anticipate that, okay,
588
589 148
590 00:06:31,440 ~-~-> 00:06:32,790
591 instead of reacting to it because we
592
593 149
594 00:06:32,790 ~-~-> 00:06:34,710
595 don't want to chase price by
596
597 150
598 00:06:34,710 ~-~-> 00:06:36,330
599 understanding horizontal support
600
601 151
602 00:06:36,330 ~-~-> 00:06:39,330
603 resistance levels, they will give us a
604
605 152
606 00:06:39,390 ~-~-> 00:06:43,710
607 precursor to future probable moves in
608
609 153
610 00:06:43,710 ~-~-> 00:06:45,480
611 the marketplace. Okay. So it gives you
612
613 154
614 00:06:45,510 ~-~-> 00:06:48,900
615 like a wonderful prognostication value
616
617 155
618 00:06:48,900 ~-~-> 00:06:51,330
619 in terms of your chart study. By having
620
621 156
622 00:06:51,330 ~-~-> 00:06:52,590
623 an understanding of where support
624
625 157
626 00:06:52,590 ~-~-> 00:06:55,740
627 resistance is basis. The asset class
628
629 158
630 00:06:55,740 ~-~-> 00:06:56,730
631 you're trading and we're going to speak
632
633 159
634 00:06:56,820 ~-~-> 00:06:59,910
635 speaks specific to forex here, but it's
636
637 160
638 00:07:00,000 ~-~-> 00:07:01,890
639 Completely universal to everything it's
640
641 161
642 00:07:01,920 ~-~-> 00:07:04,230
643 it's universal to index trading bonds
644
645 162
646 00:07:04,230 ~-~-> 00:07:07,500
647 currencies you know futures anything
648
649 163
650 00:07:07,500 ~-~-> 00:07:08,940
651 that can be traded even Bitcoin not that
652
653 164
654 00:07:08,940 ~-~-> 00:07:10,440
655 I'm a Bitcoin trader or even think that
656
657 165
658 00:07:10,440 ~-~-> 00:07:11,730
659 anybody in their right mind should be
660
661 166
662 00:07:11,730 ~-~-> 00:07:13,950
663 trading that kind of stuff but it works
664
665 167
666 00:07:13,950 ~-~-> 00:07:16,350
667 in that as well and not trying to rub
668
669 168
670 00:07:17,100 ~-~-> 00:07:18,750
671 rub you guys that trade Bitcoin wrong
672
673 169
674 00:07:18,780 ~-~-> 00:07:21,390
675 okay I know a couple of you guys as you
676
677 170
678 00:07:21,390 ~-~-> 00:07:22,860
679 started following me on Twitter don't
680
681 171
682 00:07:22,860 ~-~-> 00:07:25,560
683 take that as a jab you know personal I
684
685 172
686 00:07:25,560 ~-~-> 00:07:26,910
687 just simply don't have any faith in
688
689 173
690 00:07:26,910 ~-~-> 00:07:28,920
691 trading Bitcoin, but if you look at the
692
693 174
694 00:07:28,920 ~-~-> 00:07:31,140
695 charts, obviously support resistance you
696
697 175
698 00:07:31,140 ~-~-> 00:07:32,880
699 know rules at that market as well
700
701 176
702 00:07:33,660 ~-~-> 00:07:36,780
703 because it is giving you a visual
704
705 177
706 00:07:36,930 ~-~-> 00:07:39,540
707 representation of supply and demand.
708
709 178
710 00:07:39,870 ~-~-> 00:07:43,620
711 Okay, resistance, providing you a means
712
713 179
714 00:07:43,650 ~-~-> 00:07:47,070
715 of supply and support providing you a
716
717 180
718 00:07:47,070 ~-~-> 00:07:48,030
719 means of
720
721 181
722 00:07:56,040 ~-~-> 00:08:00,960
723 demand and looking at where We are in
724
725 182
726 00:08:00,960 ~-~-> 00:08:03,600
727 relationship to supply and demand curve.
728
729 183
730 00:08:03,930 ~-~-> 00:08:06,600
731 Okay, we'll give you hopefully, the
732
733 184
734 00:08:06,600 ~-~-> 00:08:08,760
735 insight that you need to be consistently
736
737 185
738 00:08:08,880 ~-~-> 00:08:11,400
739 following a plan, looking for trade
740
741 186
742 00:08:11,400 ~-~-> 00:08:13,260
743 setups that aren't just magically
744
745 187
746 00:08:13,260 ~-~-> 00:08:15,090
747 popping off at the chart and again, say,
748
749 188
750 00:08:15,090 ~-~-> 00:08:16,620
751 Oh, look at this, I mean, react to that.
752
753 189
754 00:08:16,920 ~-~-> 00:08:18,780
755 It will give you a framework by
756
757 190
758 00:08:18,780 ~-~-> 00:08:20,580
759 utilizing horizontal support resistance
760
761 191
762 00:08:20,880 ~-~-> 00:08:23,460
763 to, number one know a level in advance,
764
765 192
766 00:08:23,520 ~-~-> 00:08:25,410
767 when price gets to that level, have a
768
769 193
770 00:08:25,410 ~-~-> 00:08:27,870
771 plan of action to trade when price gets
772
773 194
774 00:08:27,870 ~-~-> 00:08:30,090
775 to that level, okay. And we talked about
776
777 195
778 00:08:30,090 ~-~-> 00:08:33,300
779 this concept in specific terms as time
780
781 196
782 00:08:33,300 ~-~-> 00:08:35,910
783 and price theory. When price gets to
784
785 197
786 00:08:35,910 ~-~-> 00:08:38,220
787 those levels, at a specific time of day
788
789 198
790 00:08:38,220 ~-~-> 00:08:40,950
791 or day a week, okay, that's a very
792
793 199
794 00:08:40,950 ~-~-> 00:08:47,130
795 specific condition that usually met is
796
797 200
798 00:08:47,130 ~-~-> 00:08:49,860
799 usually met with a large probability for
800
801 201
802 00:08:50,190 ~-~-> 00:08:52,950
803 and it's a story move higher or lower,
804
805 202
806 00:08:53,130 ~-~-> 00:08:54,540
807 respective to the support resistance
808
809 203
810 00:08:54,540 ~-~-> 00:08:56,580
811 level that you're looking at. Now,
812
813 204
814 00:08:56,580 ~-~-> 00:08:57,750
815 obviously, support resistance is
816
817 205
818 00:08:57,750 ~-~-> 00:08:59,700
819 absolutely not a panacea. It's not
820
821 206
822 00:08:59,700 ~-~-> 00:09:03,540
823 beyond But it does, hopefully, you give
824
825 207
826 00:09:03,540 ~-~-> 00:09:07,530
827 you the perspective or framework to look
828
829 208
830 00:09:07,530 ~-~-> 00:09:09,600
831 in the marketplace and say okay, this
832
833 209
834 00:09:09,600 ~-~-> 00:09:13,440
835 should be a relatively significant price
836
837 210
838 00:09:13,440 ~-~-> 00:09:15,420
839 level, okay, that should provide
840
841 211
842 00:09:15,420 ~-~-> 00:09:17,670
843 support. So therefore, when price comes
844
845 212
846 00:09:17,670 ~-~-> 00:09:19,200
847 down to that level, there should be a
848
849 213
850 00:09:19,200 ~-~-> 00:09:23,010
851 measurable indication of demand. Okay,
852
853 214
854 00:09:23,010 ~-~-> 00:09:24,390
855 and that asset class should at least
856
857 215
858 00:09:24,390 ~-~-> 00:09:26,880
859 pause and if not bounce or reverse all
860
861 216
862 00:09:26,880 ~-~-> 00:09:29,700
863 together. Now, obviously, it depends
864
865 217
866 00:09:29,700 ~-~-> 00:09:30,990
867 upon what time frame you're looking at,
868
869 218
870 00:09:31,380 ~-~-> 00:09:33,750
871 how much it moves away from those levels
872
873 219
874 00:09:33,810 ~-~-> 00:09:36,780
875 is contingent upon what the other
876
877 220
878 00:09:36,780 ~-~-> 00:09:39,630
879 factors are, that we'll discuss in this
880
881 221
882 00:09:39,660 ~-~-> 00:09:43,980
883 video set. So understanding that value,
884
885 222
886 00:09:44,220 ~-~-> 00:09:49,740
887 okay, or you what is deemed as value
888
889 223
890 00:09:49,770 ~-~-> 00:09:51,660
891 okay is always going to be moving it's
892
893 224
894 00:09:51,660 ~-~-> 00:09:53,640
895 dynamic, okay, and which is a reason why
896
897 225
898 00:09:53,640 ~-~-> 00:09:56,580
899 there's multiple levels that will be
900
901 226
902 00:09:56,580 ~-~-> 00:09:58,380
903 considered support and resistance based
904
905 227
906 00:09:58,380 ~-~-> 00:10:00,930
907 on any timeframe. prices. Price. Same as
908
909 228
910 00:10:00,930 ~-~-> 00:10:03,300
911 on a monthly chart or a one minute
912
913 229
914 00:10:03,300 ~-~-> 00:10:06,450
915 chart, but how we perceive it, okay, and
916
917 230
918 00:10:06,450 ~-~-> 00:10:08,280
919 how we measure the supply and demand
920
921 231
922 00:10:08,280 ~-~-> 00:10:10,020
923 curve on horizontal support resistance
924
925 232
926 00:10:10,320 ~-~-> 00:10:12,900
927 is obviously going to be, you know,
928
929 233
930 00:10:13,650 ~-~-> 00:10:16,110
931 important to you as your development,
932
933 234
934 00:10:16,230 ~-~-> 00:10:17,340
935 okay, and understanding how to
936
937 235
938 00:10:17,340 ~-~-> 00:10:19,890
939 incorporate support resistance, we're
940
941 236
942 00:10:19,890 ~-~-> 00:10:21,840
943 going to give you some framework on how
944
945 237
946 00:10:21,840 ~-~-> 00:10:24,600
947 to look at very generic specific
948
949 238
950 00:10:24,600 ~-~-> 00:10:27,360
951 concepts to frame and flesh out support
952
953 239
954 00:10:27,360 ~-~-> 00:10:30,870
955 resistance on your charts. Now, there
956
957 240
958 00:10:30,900 ~-~-> 00:10:33,780
959 will be much more in terms of
960
961 241
962 00:10:34,830 ~-~-> 00:10:37,200
963 dynamic support resistance later on,
964
965 242
966 00:10:37,620 ~-~-> 00:10:39,150
967 when I start talking about the inner
968
969 243
970 00:10:39,150 ~-~-> 00:10:41,340
971 circle trader, market maker collection
972
973 244
974 00:10:41,340 ~-~-> 00:10:42,360
975 when I start giving out some of the
976
977 245
978 00:10:42,360 ~-~-> 00:10:45,540
979 higher level price studies and how to
980
981 246
982 00:10:45,540 ~-~-> 00:10:47,760
983 look inside price action, and if you'd
984
985 247
986 00:10:47,760 ~-~-> 00:10:50,070
987 like the, the ICT order blocks that I
988
989 248
990 00:10:50,070 ~-~-> 00:10:51,780
991 released in precision trading volume,
992
993 249
994 00:10:52,530 ~-~-> 00:10:57,030
995 one through three volume in 2014. Then
996
997 250
998 00:10:57,030 ~-~-> 00:10:58,380
999 you'll really like the stuff that we
1000
1001 251
1002 00:10:58,380 ~-~-> 00:11:00,570
1003 talked about later on, but For now,
1004
1005 252
1006 00:11:00,720 ~-~-> 00:11:02,280
1007 we're going to get really back to the
1008
1009 253
1010 00:11:02,280 ~-~-> 00:11:05,100
1011 basics of when I came on the scene in
1012
1013 254
1014 00:11:05,100 ~-~-> 00:11:07,170
1015 2010. Just talking about forex. I've
1016
1017 255
1018 00:11:07,170 ~-~-> 00:11:09,510
1019 been teaching obviously since the late
1020
1021 256
1022 00:11:09,510 ~-~-> 00:11:14,880
1023 90s 1997 98, when I came out of the
1024
1025 257
1026 00:11:14,880 ~-~-> 00:11:17,640
1027 corner, if you will, and start sharing
1028
1029 258
1030 00:11:17,640 ~-~-> 00:11:21,330
1031 my insights with everyone on Mark chat
1032
1033 259
1034 00:11:21,330 ~-~-> 00:11:25,770
1035 and only internet, AOL. So, looking
1036
1037 260
1038 00:11:25,770 ~-~-> 00:11:29,790
1039 ahead, okay, how can we develop a means
1040
1041 261
1042 00:11:29,820 ~-~-> 00:11:31,740
1043 of finding consistent trade setups?
1044
1045 262
1046 00:11:31,740 ~-~-> 00:11:34,320
1047 Well, again, like we talked about just a
1048
1049 263
1050 00:11:34,680 ~-~-> 00:11:36,690
1051 short moment ago, when we look at
1052
1053 264
1054 00:11:36,690 ~-~-> 00:11:39,240
1055 support and resistance, we're looking at
1056
1057 265
1058 00:11:39,270 ~-~-> 00:11:41,640
1059 areas of where we would anticipate a
1060
1061 266
1062 00:11:41,640 ~-~-> 00:11:45,180
1063 probable bounce or move in price.
1064
1065 267
1066 00:11:45,600 ~-~-> 00:11:48,690
1067 Without having reference points to deem
1068
1069 268
1070 00:11:48,690 ~-~-> 00:11:50,940
1071 as support or resistance. You're not
1072
1073 269
1074 00:11:50,940 ~-~-> 00:11:54,720
1075 going to have any measurable way of
1076
1077 270
1078 00:11:55,140 ~-~-> 00:11:57,960
1079 determining a consistent approach. Okay,
1080
1081 271
1082 00:11:57,960 ~-~-> 00:11:59,370
1083 you have to be looking for the same
1084
1085 272
1086 00:11:59,370 ~-~-> 00:12:00,720
1087 types of things. over and over and over
1088
1089 273
1090 00:12:00,720 ~-~-> 00:12:02,880
1091 again. Otherwise, you're gambling, okay?
1092
1093 274
1094 00:12:03,000 ~-~-> 00:12:05,280
1095 You're looking for a different result
1096
1097 275
1098 00:12:05,310 ~-~-> 00:12:06,300
1099 doing the same thing over and over
1100
1101 276
1102 00:12:06,300 ~-~-> 00:12:09,300
1103 again, without having a sound plan in
1104
1105 277
1106 00:12:09,300 ~-~-> 00:12:12,090
1107 place and looking for consistently
1108
1109 278
1110 00:12:12,150 ~-~-> 00:12:15,150
1111 reoccurring patterns that occur around
1112
1113 279
1114 00:12:15,150 ~-~-> 00:12:17,670
1115 support resistance. That's the basis for
1116
1117 280
1118 00:12:17,670 ~-~-> 00:12:19,440
1119 finding consistent trade setups. And I
1120
1121 281
1122 00:12:19,470 ~-~-> 00:12:21,960
1123 promise you, if you understand support
1124
1125 282
1126 00:12:22,020 ~-~-> 00:12:25,380
1127 systems that will give you 80% of the
1128
1129 283
1130 00:12:25,380 ~-~-> 00:12:27,690
1131 battle one for you all the way because
1132
1133 284
1134 00:12:27,690 ~-~-> 00:12:29,430
1135 you're going to be looking for things
1136
1137 285
1138 00:12:29,820 ~-~-> 00:12:32,940
1139 within and within anticipatory mind, not
1140
1141 286
1142 00:12:32,970 ~-~-> 00:12:35,670
1143 a reactionary mind. Not a, I'm afraid
1144
1145 287
1146 00:12:35,670 ~-~-> 00:12:37,560
1147 I'm going to miss the move mind. Okay.
1148
1149 288
1150 00:12:37,590 ~-~-> 00:12:38,820
1151 In other words, your your will be
1152
1153 289
1154 00:12:38,820 ~-~-> 00:12:41,400
1155 looking at price, knowing full well that
1156
1157 290
1158 00:12:41,430 ~-~-> 00:12:43,290
1159 you as a trader, because you can't
1160
1161 291
1162 00:12:43,290 ~-~-> 00:12:44,910
1163 control price. You can't do anything to
1164
1165 292
1166 00:12:44,910 ~-~-> 00:12:47,400
1167 steer price, but you can control you and
1168
1169 293
1170 00:12:47,400 ~-~-> 00:12:49,170
1171 you're at the driver's seat of your
1172
1173 294
1174 00:12:49,170 ~-~-> 00:12:51,360
1175 trading. No one can make you do these
1176
1177 295
1178 00:12:51,360 ~-~-> 00:12:52,920
1179 trades. You are the one that's
1180
1181 296
1182 00:12:52,920 ~-~-> 00:12:55,830
1183 completely and utterly responsible. So
1184
1185 297
1186 00:12:55,860 ~-~-> 00:12:57,570
1187 it's important that you understand in
1188
1189 298
1190 00:12:57,570 ~-~-> 00:13:00,630
1191 clear terms what you do when gets to the
1192
1193 299
1194 00:13:00,630 ~-~-> 00:13:03,090
1195 specific price levels. If if price
1196
1197 300
1198 00:13:03,090 ~-~-> 00:13:05,910
1199 trades up to a quote unquote, key
1200
1201 301
1202 00:13:05,910 ~-~-> 00:13:08,130
1203 resistance level, what specifically Are
1204
1205 302
1206 00:13:08,130 ~-~-> 00:13:10,170
1207 you going to be doing once price gets
1208
1209 303
1210 00:13:10,170 ~-~-> 00:13:12,900
1211 there? Okay. Well, obviously, you know,
1212
1213 304
1214 00:13:13,260 ~-~-> 00:13:17,850
1215 in a real short list of means of, you
1216
1217 305
1218 00:13:17,850 ~-~-> 00:13:18,990
1219 know, deciding what it is you should be
1220
1221 306
1222 00:13:18,990 ~-~-> 00:13:20,790
1223 doing. When price trades, the resistance
1224
1225 307
1226 00:13:20,790 ~-~-> 00:13:23,130
1227 level, you should be looking for signs
1228
1229 308
1230 00:13:23,190 ~-~-> 00:13:25,950
1231 of pausing and or reversing, okay and
1232
1233 309
1234 00:13:25,950 ~-~-> 00:13:28,380
1235 then you want to see a quick move away
1236
1237 310
1238 00:13:28,380 ~-~-> 00:13:29,610
1239 from that level, you will see some
1240
1241 311
1242 00:13:29,610 ~-~-> 00:13:32,190
1243 measurable means of rejection, you want
1244
1245 312
1246 00:13:32,190 ~-~-> 00:13:34,230
1247 to see price want to get away from that
1248
1249 313
1250 00:13:34,230 ~-~-> 00:13:36,390
1251 level. And then many times what will
1252
1253 314
1254 00:13:36,390 ~-~-> 00:13:37,830
1255 happen is it'll try to run back to that
1256
1257 315
1258 00:13:37,830 ~-~-> 00:13:40,860
1259 level and fail. That's when a lot of our
1260
1261 316
1262 00:13:41,700 ~-~-> 00:13:43,740
1263 optimal trade entry patterns come in
1264
1265 317
1266 00:13:44,280 ~-~-> 00:13:46,230
1267 harmonic trades, okay, if you're a
1268
1269 318
1270 00:13:46,230 ~-~-> 00:13:48,180
1271 harmonic trader, you trade bat patterns
1272
1273 319
1274 00:13:48,180 ~-~-> 00:13:50,400
1275 and butterfly patterns, and not crab
1276
1277 320
1278 00:13:50,400 ~-~-> 00:13:52,680
1279 patterns, all those things that exist if
1280
1281 321
1282 00:13:52,680 ~-~-> 00:13:54,570
1283 you have the understanding of the
1284
1285 322
1286 00:13:54,570 ~-~-> 00:13:56,790
1287 support resistance level in mind ahead
1288
1289 323
1290 00:13:56,790 ~-~-> 00:13:58,980
1291 of time when price trades to those
1292
1293 324
1294 00:13:58,980 ~-~-> 00:14:01,110
1295 levels that When you're stalking the
1296
1297 325
1298 00:14:01,110 ~-~-> 00:14:02,910
1299 pattern, it's not that we're looking for
1300
1301 326
1302 00:14:02,910 ~-~-> 00:14:04,560
1303 patterns and then looking for a level
1304
1305 327
1306 00:14:04,560 ~-~-> 00:14:07,140
1307 around the round that pattern. Okay,
1308
1309 328
1310 00:14:07,230 ~-~-> 00:14:08,790
1311 you're looking for the pattern to
1312
1313 329
1314 00:14:08,790 ~-~-> 00:14:12,270
1315 develop at these predetermined price
1316
1317 330
1318 00:14:12,270 ~-~-> 00:14:14,610
1319 levels. And that's the power of using
1320
1321 331
1322 00:14:14,610 ~-~-> 00:14:17,160
1323 price action based study. Because using
1324
1325 332
1326 00:14:17,160 ~-~-> 00:14:19,170
1327 support resistance, it removes all the
1328
1329 333
1330 00:14:19,170 ~-~-> 00:14:21,870
1331 ambiguity of, well, should I trust the
1332
1333 334
1334 00:14:21,870 ~-~-> 00:14:23,220
1335 indicator now or should I not trust the
1336
1337 335
1338 00:14:23,220 ~-~-> 00:14:24,570
1339 indicator? Okay, there's a there's a
1340
1341 336
1342 00:14:24,570 ~-~-> 00:14:26,850
1343 plethora of all kinds of overbought and
1344
1345 337
1346 00:14:26,850 ~-~-> 00:14:28,920
1347 oversold indicators, okay, if
1348
1349 338
1350 00:14:28,980 ~-~-> 00:14:30,390
1351 overbought, oversold was all there was
1352
1353 339
1354 00:14:30,390 ~-~-> 00:14:32,580
1355 to it, you would only need one Why is
1356
1357 340
1358 00:14:32,580 ~-~-> 00:14:34,470
1359 there so many of them? Because they form
1360
1361 341
1362 00:14:34,470 ~-~-> 00:14:37,620
1363 fit to make the books and the webinars
1364
1365 342
1366 00:14:37,620 ~-~-> 00:14:40,290
1367 and workshops and authors money selling
1368
1369 343
1370 00:14:40,290 ~-~-> 00:14:43,230
1371 that crap? Okay, if you take all that
1372
1373 344
1374 00:14:43,230 ~-~-> 00:14:44,520
1375 stuff off your chart and just simply
1376
1377 345
1378 00:14:44,520 ~-~-> 00:14:46,890
1379 look at support resistance, once you
1380
1381 346
1382 00:14:46,890 ~-~-> 00:14:48,540
1383 understand how that works, and if you
1384
1385 347
1386 00:14:48,540 ~-~-> 00:14:50,010
1387 understand this the simple premise of
1388
1389 348
1390 00:14:50,400 ~-~-> 00:14:52,770
1391 sold when you looked at price with the
1392
1393 349
1394 00:14:52,770 ~-~-> 00:14:55,560
1395 tool then it's obviously you'll know
1396
1397 350
1398 00:14:55,560 ~-~-> 00:14:57,240
1399 exactly when you should be following the
1400
1401 351
1402 00:14:57,240 ~-~-> 00:14:59,580
1403 indicator then, but then it becomes a
1404
1405 352
1406 00:14:59,580 ~-~-> 00:15:01,560
1407 question of Is there any value in the
1408
1409 353
1410 00:15:01,560 ~-~-> 00:15:03,810
1411 indicator, okay? And that's, that's
1412
1413 354
1414 00:15:03,810 ~-~-> 00:15:05,730
1415 arguable. I like indicators because it
1416
1417 355
1418 00:15:05,730 ~-~-> 00:15:09,960
1419 gives me a like a sentiment indicator
1420
1421 356
1422 00:15:10,110 ~-~-> 00:15:12,930
1423 based view on what I think the neophyte
1424
1425 357
1426 00:15:12,930 ~-~-> 00:15:15,330
1427 traders are expecting. And if I'm an I'm
1428
1429 358
1430 00:15:15,330 ~-~-> 00:15:17,640
1431 it. If I'm coming down to a support
1432
1433 359
1434 00:15:17,640 ~-~-> 00:15:21,540
1435 level, and I see folks seeing a small
1436
1437 360
1438 00:15:21,540 ~-~-> 00:15:23,160
1439 little bounce off that support level,
1440
1441 361
1442 00:15:23,250 ~-~-> 00:15:25,740
1443 and it goes overbought, they're going to
1444
1445 362
1446 00:15:25,740 ~-~-> 00:15:27,150
1447 look to sell that because it's
1448
1449 363
1450 00:15:27,150 ~-~-> 00:15:29,010
1451 overbought. And I'm going to be looking
1452
1453 364
1454 00:15:29,010 ~-~-> 00:15:31,170
1455 for the small retracement, go back down
1456
1457 365
1458 00:15:31,170 ~-~-> 00:15:32,460
1459 into that support level and I'm going to
1460
1461 366
1462 00:15:32,460 ~-~-> 00:15:34,740
1463 be buying it. Okay. And that's many
1464
1465 367
1466 00:15:34,740 ~-~-> 00:15:37,350
1467 times why neophyte traders get caught
1468
1469 368
1470 00:15:37,350 ~-~-> 00:15:39,690
1471 up, you know, selling lows and buying
1472
1473 369
1474 00:15:39,690 ~-~-> 00:15:41,910
1475 highs and that's because indicators will
1476
1477 370
1478 00:15:41,910 ~-~-> 00:15:44,580
1479 do that to you every single time. So
1480
1481 371
1482 00:15:44,580 ~-~-> 00:15:48,810
1483 now, what does support resistance tell
1484
1485 372
1486 00:15:48,840 ~-~-> 00:15:51,000
1487 us as traders specifically, obviously,
1488
1489 373
1490 00:15:51,000 ~-~-> 00:15:52,800
1491 we know that resistance provides us a
1492
1493 374
1494 00:15:52,800 ~-~-> 00:15:57,570
1495 means of supply and support provides a
1496
1497 375
1498 00:15:57,570 ~-~-> 00:16:01,290
1499 means of graphically depicting demand.
1500
1501 376
1502 00:16:01,530 ~-~-> 00:16:05,130
1503 So we understand that graphically, okay,
1504
1505 377
1506 00:16:05,130 ~-~-> 00:16:07,500
1507 when price runs into a resistance level
1508
1509 378
1510 00:16:07,500 ~-~-> 00:16:10,020
1511 as it rallies up, okay? That is
1512
1513 379
1514 00:16:10,080 ~-~-> 00:16:14,250
1515 indicative of more sellers than buyers.
1516
1517 380
1518 00:16:14,490 ~-~-> 00:16:17,580
1519 Okay, and a lack of buyers, okay. And
1520
1521 381
1522 00:16:17,640 ~-~-> 00:16:18,810
1523 when price comes down to a support
1524
1525 382
1526 00:16:18,810 ~-~-> 00:16:21,180
1527 level, that's an indication of strong
1528
1529 383
1530 00:16:21,180 ~-~-> 00:16:24,510
1531 buyers or a lack of sellers. Okay, so
1532
1533 384
1534 00:16:25,140 ~-~-> 00:16:27,810
1535 understanding that simple premise, okay,
1536
1537 385
1538 00:16:27,810 ~-~-> 00:16:29,370
1539 if you look at higher timeframe price
1540
1541 386
1542 00:16:29,370 ~-~-> 00:16:31,020
1543 charts like monthly, weekly and daily,
1544
1545 387
1546 00:16:31,890 ~-~-> 00:16:33,690
1547 there's absolutely no reason why you
1548
1549 388
1550 00:16:33,690 ~-~-> 00:16:35,550
1551 can't carve out a really, really nice
1552
1553 389
1554 00:16:35,550 ~-~-> 00:16:38,520
1555 return over an annual basis and not even
1556
1557 390
1558 00:16:38,520 ~-~-> 00:16:40,050
1559 really trade a whole lot. But the
1560
1561 391
1562 00:16:40,050 ~-~-> 00:16:43,080
1563 problem is much like myself, we are
1564
1565 392
1566 00:16:43,080 ~-~-> 00:16:44,970
1567 looking for action. We want to get in
1568
1569 393
1570 00:16:44,970 ~-~-> 00:16:46,080
1571 there and we want to be doing something
1572
1573 394
1574 00:16:46,080 ~-~-> 00:16:48,660
1575 because it doesn't seem productive until
1576
1577 395
1578 00:16:48,660 ~-~-> 00:16:50,850
1579 we actually put trades on. Think about
1580
1581 396
1582 00:16:50,850 ~-~-> 00:16:54,120
1583 it. We don't know how much money we're
1584
1585 397
1586 00:16:54,120 ~-~-> 00:16:56,700
1587 going to make. Most of you don't know
1588
1589 398
1590 00:16:56,700 ~-~-> 00:16:57,630
1591 how much you're going to lose because
1592
1593 399
1594 00:16:57,630 ~-~-> 00:16:59,160
1595 you don't eat a tray but stop or you
1596
1597 400
1598 00:16:59,160 ~-~-> 00:17:02,790
1599 trade With a mental stop, okay, you
1600
1601 401
1602 00:17:02,790 ~-~-> 00:17:04,560
1603 think that, you know, you know where
1604
1605 402
1606 00:17:04,560 ~-~-> 00:17:05,970
1607 it's going to probably go. And you'll be
1608
1609 403
1610 00:17:05,970 ~-~-> 00:17:07,800
1611 willing to assume that that loss if it
1612
1613 404
1614 00:17:07,800 ~-~-> 00:17:09,270
1615 goes there, but many times it blows
1616
1617 405
1618 00:17:09,270 ~-~-> 00:17:10,740
1619 right through that, and then that mental
1620
1621 406
1622 00:17:10,740 ~-~-> 00:17:12,120
1623 stop does exactly what it's called. And
1624
1625 407
1626 00:17:12,120 ~-~-> 00:17:13,620
1627 it makes you mental, because you wish
1628
1629 408
1630 00:17:13,620 ~-~-> 00:17:14,880
1631 you would have had hard stop in there.
1632
1633 409
1634 00:17:15,690 ~-~-> 00:17:18,420
1635 You by having understanding of support
1636
1637 410
1638 00:17:18,420 ~-~-> 00:17:20,610
1639 resistance will know exactly where your
1640
1641 411
1642 00:17:20,610 ~-~-> 00:17:22,950
1643 stop loss should be. And also where
1644
1645 412
1646 00:17:22,950 ~-~-> 00:17:24,810
1647 everyone else's stop losses as well.
1648
1649 413
1650 00:17:25,200 ~-~-> 00:17:28,080
1651 Even the fund managers, that's right,
1652
1653 414
1654 00:17:28,140 ~-~-> 00:17:29,910
1655 the fund managers, they're going to put
1656
1657 415
1658 00:17:29,910 ~-~-> 00:17:31,650
1659 their stop loss in there just like
1660
1661 416
1662 00:17:31,680 ~-~-> 00:17:33,720
1663 everyone else does. And that's why the
1664
1665 417
1666 00:17:33,720 ~-~-> 00:17:35,400
1667 specialists and the market makers
1668
1669 418
1670 00:17:35,700 ~-~-> 00:17:40,740
1671 Exactly. Scoop up those the there's
1672
1673 419
1674 00:17:40,830 ~-~-> 00:17:42,750
1675 liquidity pools where there's a pocket
1676
1677 420
1678 00:17:42,780 ~-~-> 00:17:45,480
1679 of orders resting just above an old high
1680
1681 421
1682 00:17:45,480 ~-~-> 00:17:47,730
1683 or just below an old low and It's
1684
1685 422
1686 00:17:47,760 ~-~-> 00:17:49,860
1687 uncanny how many times that takes place.
1688
1689 423
1690 00:17:49,950 ~-~-> 00:17:51,720
1691 And if you understand where the markets
1692
1693 424
1694 00:17:51,720 ~-~-> 00:17:54,300
1695 going on a macro level, okay, and if you
1696
1697 425
1698 00:17:54,300 ~-~-> 00:17:56,250
1699 find a support level, when price is
1700
1701 426
1702 00:17:56,250 ~-~-> 00:17:58,350
1703 coming down to that level, okay? Don't
1704
1705 427
1706 00:17:58,380 ~-~-> 00:17:59,760
1707 assume that it's going to stop right on
1708
1709 428
1710 00:17:59,760 ~-~-> 00:18:01,470
1711 that level. Many times what'll happen,
1712
1713 429
1714 00:18:01,470 ~-~-> 00:18:03,930
1715 it's going to dip below that level. Why?
1716
1717 430
1718 00:18:03,930 ~-~-> 00:18:05,100
1719 Because there's going to be existing
1720
1721 431
1722 00:18:05,100 ~-~-> 00:18:07,350
1723 pending orders below that level, it's
1724
1725 432
1726 00:18:07,350 ~-~-> 00:18:10,350
1727 going to become immediate market orders,
1728
1729 433
1730 00:18:10,500 ~-~-> 00:18:12,630
1731 okay? And they're going to be used to
1732
1733 434
1734 00:18:12,630 ~-~-> 00:18:15,180
1735 provide liquidity for those participants
1736
1737 435
1738 00:18:15,210 ~-~-> 00:18:16,800
1739 in the marketplace that want to take the
1740
1741 436
1742 00:18:16,800 ~-~-> 00:18:19,200
1743 other side. And that's, if you look at
1744
1745 437
1746 00:18:19,230 ~-~-> 00:18:21,240
1747 all of your losing trades, that's
1748
1749 438
1750 00:18:21,240 ~-~-> 00:18:25,470
1751 probably 99.99999% of how you lost in
1752
1753 439
1754 00:18:25,470 ~-~-> 00:18:27,780
1755 the marketplace. Your stock got taken
1756
1757 440
1758 00:18:27,810 ~-~-> 00:18:29,040
1759 and then the move you thought was gonna
1760
1761 441
1762 00:18:29,040 ~-~-> 00:18:31,440
1763 happen took off and did it. Okay. And
1764
1765 442
1766 00:18:31,860 ~-~-> 00:18:33,690
1767 there's no there's no secret to it.
1768
1769 443
1770 00:18:33,720 ~-~-> 00:18:36,540
1771 Okay, everyone knows that the textbooks
1772
1773 444
1774 00:18:36,540 ~-~-> 00:18:38,790
1775 tell us to put your stop loss right
1776
1777 445
1778 00:18:38,790 ~-~-> 00:18:41,940
1779 below an old low to most recent low,
1780
1781 446
1782 00:18:42,180 ~-~-> 00:18:45,150
1783 okay, and it's common sense it's made,
1784
1785 447
1786 00:18:45,180 ~-~-> 00:18:47,430
1787 it just takes a very small measure of
1788
1789 448
1790 00:18:47,460 ~-~-> 00:18:50,040
1791 static, you know, price action to come
1792
1793 449
1794 00:18:50,040 ~-~-> 00:18:53,040
1795 down and just tag that out of if a big
1796
1797 450
1798 00:18:53,220 ~-~-> 00:18:55,260
1799 order comes in the marketplace and it
1800
1801 451
1802 00:18:55,260 ~-~-> 00:18:57,990
1803 needs liquidity to be executed. market
1804
1805 452
1806 00:18:57,990 ~-~-> 00:19:00,000
1807 maker is going to take in the market.
1808
1809 453
1810 00:19:00,000 ~-~-> 00:19:02,400
1811 get to that level, okay and fill that
1812
1813 454
1814 00:19:02,400 ~-~-> 00:19:04,380
1815 order knowing buy that one trade
1816
1817 455
1818 00:19:04,380 ~-~-> 00:19:07,200
1819 printing, okay, once that trade becomes
1820
1821 456
1822 00:19:07,200 ~-~-> 00:19:10,290
1823 a market print where that price is now
1824
1825 457
1826 00:19:10,290 ~-~-> 00:19:12,870
1827 there every order around that particular
1828
1829 458
1830 00:19:12,870 ~-~-> 00:19:14,310
1831 level goes hot. In other words,
1832
1833 459
1834 00:19:14,520 ~-~-> 00:19:16,410
1835 everything becomes a market order all
1836
1837 460
1838 00:19:16,410 ~-~-> 00:19:18,600
1839 pending orders, buy stops and limit
1840
1841 461
1842 00:19:18,600 ~-~-> 00:19:21,270
1843 orders all become market orders
1844
1845 462
1846 00:19:21,300 ~-~-> 00:19:23,130
1847 immediately right then and there. And
1848
1849 463
1850 00:19:23,130 ~-~-> 00:19:26,730
1851 market orders are what? That's candy for
1852
1853 464
1854 00:19:26,730 ~-~-> 00:19:28,740
1855 the market maker. That means he's going
1856
1857 465
1858 00:19:28,740 ~-~-> 00:19:31,710
1859 to get whatever fill he wants. Okay, and
1860
1861 466
1862 00:19:31,710 ~-~-> 00:19:33,240
1863 that's their, that's what they're doing
1864
1865 467
1866 00:19:33,240 ~-~-> 00:19:34,290
1867 in the marketplace. Now. No, that's
1868
1869 468
1870 00:19:34,290 ~-~-> 00:19:36,810
1871 probably going to be, you know, probably
1872
1873 469
1874 00:19:36,810 ~-~-> 00:19:38,070
1875 a little bit uncomfortable from from
1876
1877 470
1878 00:19:38,070 ~-~-> 00:19:39,720
1879 some of you if you're just new to
1880
1881 471
1882 00:19:40,080 ~-~-> 00:19:42,870
1883 understanding how this stuff works. And
1884
1885 472
1886 00:19:42,870 ~-~-> 00:19:44,220
1887 you may be you may be questioning why
1888
1889 473
1890 00:19:44,220 ~-~-> 00:19:45,300
1891 should I be doing this if there's people
1892
1893 474
1894 00:19:45,300 ~-~-> 00:19:46,200
1895 out there trying to take me out the
1896
1897 475
1898 00:19:46,200 ~-~-> 00:19:47,790
1899 marketplace? Well, when you understand
1900
1901 476
1902 00:19:47,820 ~-~-> 00:19:49,950
1903 what they do and how they do it, you can
1904
1905 477
1906 00:19:49,950 ~-~-> 00:19:53,310
1907 do what they do in your trading and ride
1908
1909 478
1910 00:19:53,310 ~-~-> 00:19:55,230
1911 their coattails. That's really the
1912
1913 479
1914 00:19:55,320 ~-~-> 00:19:57,600
1915 that's the basis of consistent trading,
1916
1917 480
1918 00:19:57,930 ~-~-> 00:19:59,610
1919 knowing what the Smart Money is doing.
1920
1921 481
1922 00:20:00,000 ~-~-> 00:20:01,980
1923 who the real smart money is not the guys
1924
1925 482
1926 00:20:01,980 ~-~-> 00:20:03,060
1927 that are talking on the forums that
1928
1929 483
1930 00:20:03,060 ~-~-> 00:20:04,890
1931 think they knew where Smart Money is,
1932
1933 484
1934 00:20:04,920 ~-~-> 00:20:08,190
1935 most of them don't. Okay. And I have
1936
1937 485
1938 00:20:08,190 ~-~-> 00:20:09,420
1939 dealt with people on an institutional
1940
1941 486
1942 00:20:09,420 ~-~-> 00:20:11,880
1943 level, I have been in an institutional
1944
1945 487
1946 00:20:11,880 ~-~-> 00:20:15,300
1947 level environment. And I have seen a lot
1948
1949 488
1950 00:20:15,300 ~-~-> 00:20:17,010
1951 of things that I'm sharing now. And most
1952
1953 489
1954 00:20:17,010 ~-~-> 00:20:18,990
1955 of the folks that I know have known me
1956
1957 490
1958 00:20:18,990 ~-~-> 00:20:20,580
1959 for a long period of time, aren't real
1960
1961 491
1962 00:20:20,580 ~-~-> 00:20:23,610
1963 happy about me sharing this stuff. And I
1964
1965 492
1966 00:20:23,610 ~-~-> 00:20:25,290
1967 don't care because I like doing it. And
1968
1969 493
1970 00:20:25,290 ~-~-> 00:20:26,520
1971 I always said, If I once I got to the
1972
1973 494
1974 00:20:26,520 ~-~-> 00:20:27,840
1975 point where I knew what I was doing, and
1976
1977 495
1978 00:20:27,840 ~-~-> 00:20:29,400
1979 I was comfortable with it, and I didn't
1980
1981 496
1982 00:20:29,400 ~-~-> 00:20:31,470
1983 need any more money, boom, I would share
1984
1985 497
1986 00:20:31,470 ~-~-> 00:20:33,240
1987 it and this is what I'm doing. I'm never
1988
1989 498
1990 00:20:33,240 ~-~-> 00:20:34,620
1991 selling it. So I get a lot of
1992
1993 499
1994 00:20:34,620 ~-~-> 00:20:36,810
1995 gratification for just being helpful to
1996
1997 500
1998 00:20:36,870 ~-~-> 00:20:40,470
1999 the general populace. Now, it's not
2000
2001 501
2002 00:20:40,470 ~-~-> 00:20:43,080
2003 enough simply knowing what support
2004
2005 502
2006 00:20:43,080 ~-~-> 00:20:45,420
2007 resistance levels are, you know, on your
2008
2009 503
2010 00:20:45,420 ~-~-> 00:20:48,330
2011 charts, but we want to be able to gauge
2012
2013 504
2014 00:20:48,330 ~-~-> 00:20:50,460
2015 this strength of those particular price
2016
2017 505
2018 00:20:50,460 ~-~-> 00:20:54,810
2019 levels. And when we look at price, you
2020
2021 506
2022 00:20:54,810 ~-~-> 00:20:56,670
2023 want to see resistance levels being
2024
2025 507
2026 00:20:56,670 ~-~-> 00:20:58,980
2027 taken out and support levels being
2028
2029 508
2030 00:20:59,550 ~-~-> 00:21:02,040
2031 respected. Okay, and that is a really
2032
2033 509
2034 00:21:02,040 ~-~-> 00:21:03,900
2035 good bullish environment, if we see
2036
2037 510
2038 00:21:03,900 ~-~-> 00:21:05,550
2039 support levels being taken out and
2040
2041 511
2042 00:21:05,550 ~-~-> 00:21:07,770
2043 resistance levels being respected, that
2044
2045 512
2046 00:21:07,770 ~-~-> 00:21:11,280
2047 is a very bearish indication. By having
2048
2049 513
2050 00:21:11,280 ~-~-> 00:21:13,230
2051 that mindset in your trading, it's
2052
2053 514
2054 00:21:13,230 ~-~-> 00:21:14,490
2055 rather simple. If you think about it,
2056
2057 515
2058 00:21:14,550 ~-~-> 00:21:16,980
2059 it's very simple. But how many times are
2060
2061 516
2062 00:21:16,980 ~-~-> 00:21:19,020
2063 you actually looking at price that way?
2064
2065 517
2066 00:21:19,620 ~-~-> 00:21:22,830
2067 You're looking for everything to be
2068
2069 518
2070 00:21:22,860 ~-~-> 00:21:26,700
2071 extremely difficult. You want to make it
2072
2073 519
2074 00:21:26,700 ~-~-> 00:21:30,510
2075 so complicated, that it's, it's sexy,
2076
2077 520
2078 00:21:30,750 ~-~-> 00:21:32,250
2079 okay, that way you can tell your friends
2080
2081 521
2082 00:21:32,250 ~-~-> 00:21:33,600
2083 and they can say, Well, that doesn't
2084
2085 522
2086 00:21:33,600 ~-~-> 00:21:34,740
2087 make any sense to me, because that's
2088
2089 523
2090 00:21:34,740 ~-~-> 00:21:37,410
2091 too, that's too advanced. For my mind.
2092
2093 524
2094 00:21:37,440 ~-~-> 00:21:38,550
2095 I'm not going to I'm not going to be a
2096
2097 525
2098 00:21:38,550 ~-~-> 00:21:40,110
2099 trader because it seems too complicated.
2100
2101 526
2102 00:21:41,010 ~-~-> 00:21:43,890
2103 Trading really itself is easy. And the
2104
2105 527
2106 00:21:43,890 ~-~-> 00:21:46,170
2107 problem is, we like to make it harder
2108
2109 528
2110 00:21:46,170 ~-~-> 00:21:48,360
2111 because simply saying it's gone low
2112
2113 529
2114 00:21:48,360 ~-~-> 00:21:49,740
2115 enough to a level it's probably gonna go
2116
2117 530
2118 00:21:49,740 ~-~-> 00:21:51,780
2119 up from that point, if we just buy their
2120
2121 531
2122 00:21:51,960 ~-~-> 00:21:53,820
2123 look to take a small profit and control
2124
2125 532
2126 00:21:53,820 ~-~-> 00:21:56,400
2127 our risk. That's all trading is. Now
2128
2129 533
2130 00:21:57,840 ~-~-> 00:21:59,520
2131 unfortunately, again, like we mentioned
2132
2133 534
2134 00:21:59,520 ~-~-> 00:22:01,290
2135 earlier, and Everyone that comes into
2136
2137 535
2138 00:22:01,290 ~-~-> 00:22:03,450
2139 the marketplace wants to trade a lot
2140
2141 536
2142 00:22:03,480 ~-~-> 00:22:05,940
2143 thinking that more trading equates to
2144
2145 537
2146 00:22:05,970 ~-~-> 00:22:09,210
2147 more success. And that's absolutely not
2148
2149 538
2150 00:22:09,210 ~-~-> 00:22:11,040
2151 the case. That's not the case at all,
2152
2153 539
2154 00:22:11,250 ~-~-> 00:22:13,500
2155 you'll find that many of the most
2156
2157 540
2158 00:22:13,500 ~-~-> 00:22:15,930
2159 significantly profitable traders out
2160
2161 541
2162 00:22:15,930 ~-~-> 00:22:18,570
2163 there are those that are ones that do
2164
2165 542
2166 00:22:18,570 ~-~-> 00:22:20,130
2167 not trade a whole lot, okay, that are
2168
2169 543
2170 00:22:20,130 ~-~-> 00:22:24,420
2171 very selective, okay? Very, quote,
2172
2173 544
2174 00:22:24,420 ~-~-> 00:22:26,370
2175 unquote, cherry picking, if you will,
2176
2177 545
2178 00:22:27,000 ~-~-> 00:22:28,950
2179 the understanding that, you know, if you
2180
2181 546
2182 00:22:28,950 ~-~-> 00:22:32,460
2183 have a system, okay. And there's a
2184
2185 547
2186 00:22:34,110 ~-~-> 00:22:37,320
2187 recurring theme that comes out of most
2188
2189 548
2190 00:22:37,350 ~-~-> 00:22:39,060
2191 technical circles that, you know, if you
2192
2193 549
2194 00:22:39,060 ~-~-> 00:22:40,140
2195 have a system, you got to take every
2196
2197 550
2198 00:22:40,140 ~-~-> 00:22:43,110
2199 signal, I don't take every signal, even
2200
2201 551
2202 00:22:43,110 ~-~-> 00:22:44,550
2203 in my own methods. I don't do that.
2204
2205 552
2206 00:22:44,940 ~-~-> 00:22:46,410
2207 Because I'm a discretionary trader, I
2208
2209 553
2210 00:22:46,410 ~-~-> 00:22:49,320
2211 know by looking at price action when the
2212
2213 554
2214 00:22:49,320 ~-~-> 00:22:52,890
2215 setups look like they're there, but the
2216
2217 555
2218 00:22:52,890 ~-~-> 00:22:55,500
2219 probabilities aren't as strong as other
2220
2221 556
2222 00:22:55,500 ~-~-> 00:22:57,840
2223 times. Okay. And that comes with
2224
2225 557
2226 00:22:57,840 ~-~-> 00:22:59,370
2227 experience. You can't learn that from a
2228
2229 558
2230 00:22:59,370 ~-~-> 00:23:00,960
2231 book. You can't Go to a workshop and
2232
2233 559
2234 00:23:00,960 ~-~-> 00:23:03,120
2235 learn that, that comes from years and
2236
2237 560
2238 00:23:03,120 ~-~-> 00:23:05,160
2239 years and years of digging your nose
2240
2241 561
2242 00:23:05,430 ~-~-> 00:23:07,830
2243 into price action and studying and
2244
2245 562
2246 00:23:07,830 ~-~-> 00:23:10,290
2247 seeing your real trades pan out, taking
2248
2249 563
2250 00:23:10,290 ~-~-> 00:23:11,790
2251 the losing trades, taking the winning
2252
2253 564
2254 00:23:11,790 ~-~-> 00:23:13,320
2255 trades, taking the scratch trades,
2256
2257 565
2258 00:23:13,320 ~-~-> 00:23:16,050
2259 breakevens you know, marginal losses,
2260
2261 566
2262 00:23:16,050 ~-~-> 00:23:19,050
2263 marginal wins, and and digesting price
2264
2265 567
2266 00:23:19,050 ~-~-> 00:23:20,880
2267 action and seeing these reoccurring
2268
2269 568
2270 00:23:20,880 ~-~-> 00:23:23,550
2271 seasonal tendencies, these reoccurring
2272
2273 569
2274 00:23:23,550 ~-~-> 00:23:27,060
2275 General, you know, patterns that come
2276
2277 570
2278 00:23:27,060 ~-~-> 00:23:29,070
2279 into the marketplace all the time that
2280
2281 571
2282 00:23:29,070 ~-~-> 00:23:32,730
2283 are just just generically inherent to
2284
2285 572
2286 00:23:32,940 ~-~-> 00:23:34,950
2287 repeating over and over and over again,
2288
2289 573
2290 00:23:34,950 ~-~-> 00:23:36,900
2291 certain periods of time throughout the
2292
2293 574
2294 00:23:36,900 ~-~-> 00:23:39,180
2295 year, throughout the month, specific
2296
2297 575
2298 00:23:39,180 ~-~-> 00:23:39,720
2299 months.
2300
2301 576
2302 00:23:41,579 ~-~-> 00:23:43,319
2303 certain days of the week, all these
2304
2305 577
2306 00:23:43,319 ~-~-> 00:23:46,439
2307 phenomenon, okay, are at the disposal of
2308
2309 578
2310 00:23:46,439 ~-~-> 00:23:48,929
2311 a AV specialist and I'm something of a
2312
2313 579
2314 00:23:48,929 ~-~-> 00:23:50,579
2315 specialist because I understand
2316
2317 580
2318 00:23:50,579 ~-~-> 00:23:52,679
2319 specifically certain times of the week
2320
2321 581
2322 00:23:52,679 ~-~-> 00:23:55,049
2323 times of the year times have specific
2324
2325 582
2326 00:23:55,049 ~-~-> 00:23:59,309
2327 months, and times of the days where
2328
2329 583
2330 00:23:59,309 ~-~-> 00:24:01,619
2331 certain things are Coming into effect
2332
2333 584
2334 00:24:01,649 ~-~-> 00:24:03,779
2335 where I know that smart money will be
2336
2337 585
2338 00:24:03,779 ~-~-> 00:24:05,909
2339 doing a specific type of thing. And I
2340
2341 586
2342 00:24:05,909 ~-~-> 00:24:08,369
2343 can capitalize on that. I'm not trying
2344
2345 587
2346 00:24:08,399 ~-~-> 00:24:11,129
2347 to go out here to hurt anyone. But I am
2348
2349 588
2350 00:24:11,129 ~-~-> 00:24:12,599
2351 going out there to try to take the other
2352
2353 589
2354 00:24:12,599 ~-~-> 00:24:14,519
2355 side of less informed traders and I
2356
2357 590
2358 00:24:14,519 ~-~-> 00:24:17,219
2359 don't, I don't feel that that is
2360
2361 591
2362 00:24:19,139 ~-~-> 00:24:21,899
2363 warranting an apology, okay, because,
2364
2365 592
2366 00:24:21,989 ~-~-> 00:24:23,699
2367 you know, we all sign the risk with risk
2368
2369 593
2370 00:24:23,699 ~-~-> 00:24:24,839
2371 disclosures when we come into this
2372
2373 594
2374 00:24:24,839 ~-~-> 00:24:28,139
2375 business. And if you don't learn from
2376
2377 595
2378 00:24:28,139 ~-~-> 00:24:30,449
2379 your losing trades, you aren't going to
2380
2381 596
2382 00:24:30,449 ~-~-> 00:24:32,909
2383 learn from the experiences of losing
2384
2385 597
2386 00:24:32,999 ~-~-> 00:24:34,259
2387 because you're just going to be caught
2388
2389 598
2390 00:24:34,259 ~-~-> 00:24:36,419
2391 up in the pain factor. And that's
2392
2393 599
2394 00:24:36,419 ~-~-> 00:24:37,949
2395 usually the losers cycle, you go into
2396
2397 600
2398 00:24:37,949 ~-~-> 00:24:39,899
2399 this business and you have no framework,
2400
2401 601
2402 00:24:39,899 ~-~-> 00:24:41,579
2403 no basis of understanding where the
2404
2405 602
2406 00:24:41,579 ~-~-> 00:24:43,289
2407 trades are going to form or when to
2408
2409 603
2410 00:24:43,289 ~-~-> 00:24:45,089
2411 anticipate them. And support resistance
2412
2413 604
2414 00:24:45,089 ~-~-> 00:24:48,959
2415 gives you that there's no better tool at
2416
2417 605
2418 00:24:48,959 ~-~-> 00:24:50,909
2419 a traders disposal than support
2420
2421 606
2422 00:24:50,909 ~-~-> 00:24:52,889
2423 resistance. It's absolutely crucial in
2424
2425 607
2426 00:24:52,889 ~-~-> 00:24:55,559
2427 terms of my opinion on trading
2428
2429 608
2430 00:24:55,559 ~-~-> 00:24:57,329
2431 technically. That's it That's the
2432
2433 609
2434 00:24:57,329 ~-~-> 00:24:59,369
2435 secret, you know, understanding of where
2436
2437 610
2438 00:24:59,369 ~-~-> 00:25:01,709
2439 support resistance That'll give you the,
2440
2441 611
2442 00:25:01,949 ~-~-> 00:25:03,749
2443 like I said, the 80 80% of the battle
2444
2445 612
2446 00:25:03,749 ~-~-> 00:25:05,549
2447 beaten right there, because you won't be
2448
2449 613
2450 00:25:05,549 ~-~-> 00:25:08,609
2451 trading out there in in empty space.
2452
2453 614
2454 00:25:08,729 ~-~-> 00:25:11,699
2455 Okay, between key levels, okay? There
2456
2457 615
2458 00:25:11,699 ~-~-> 00:25:13,079
2459 are ways of trading Don't get me wrong
2460
2461 616
2462 00:25:13,079 ~-~-> 00:25:14,579
2463 there's there are ways of trading that
2464
2465 617
2466 00:25:14,579 ~-~-> 00:25:15,869
2467 stuff, but you're still going to be
2468
2469 618
2470 00:25:15,869 ~-~-> 00:25:17,819
2471 referencing smaller timeframe, key
2472
2473 619
2474 00:25:17,819 ~-~-> 00:25:20,609
2475 support resistance levels with a
2476
2477 620
2478 00:25:20,759 ~-~-> 00:25:22,679
2479 directional premise based on those
2480
2481 621
2482 00:25:22,679 ~-~-> 00:25:24,629
2483 higher timeframe levels. So you're still
2484
2485 622
2486 00:25:24,629 ~-~-> 00:25:26,789
2487 going to incorporate support resistance.
2488
2489 623
2490 00:25:27,089 ~-~-> 00:25:30,029
2491 But if you focus on monthly, weekly and
2492
2493 624
2494 00:25:30,029 ~-~-> 00:25:33,599
2495 daily levels, there's absolutely no
2496
2497 625
2498 00:25:33,599 ~-~-> 00:25:37,499
2499 reason why the average Joe trader can't
2500
2501 626
2502 00:25:37,529 ~-~-> 00:25:40,259
2503 find a few trades a year to be net
2504
2505 627
2506 00:25:40,259 ~-~-> 00:25:42,929
2507 profitable. So now what types of support
2508
2509 628
2510 00:25:42,929 ~-~-> 00:25:44,789
2511 resistance are there? Well, there are
2512
2513 629
2514 00:25:44,789 ~-~-> 00:25:47,759
2515 two types of support resistance and in
2516
2517 630
2518 00:25:47,759 ~-~-> 00:25:50,609
2519 my own understanding, okay, I dub them
2520
2521 631
2522 00:25:50,609 ~-~-> 00:25:52,349
2523 as natural support resistance levels,
2524
2525 632
2526 00:25:52,589 ~-~-> 00:25:54,839
2527 and implied support resistance levels.
2528
2529 633
2530 00:25:54,839 ~-~-> 00:25:56,579
2531 Now what's, what is the natural support
2532
2533 634
2534 00:25:56,579 ~-~-> 00:25:58,499
2535 resistance level one would be obviously
2536
2537 635
2538 00:25:59,489 ~-~-> 00:26:01,409
2539 a 12. month higher low and that would be
2540
2541 636
2542 00:26:01,409 ~-~-> 00:26:04,379
2543 the range, the highest price in the last
2544
2545 637
2546 00:26:04,379 ~-~-> 00:26:06,449
2547 12 months and the lowest price in the
2548
2549 638
2550 00:26:06,449 ~-~-> 00:26:08,729
2551 last 12 months. That are there are
2552
2553 639
2554 00:26:08,729 ~-~-> 00:26:10,799
2555 basically your 52 week highs and lows.
2556
2557 640
2558 00:26:10,829 ~-~-> 00:26:14,069
2559 Okay, pretty standard, you know, levels
2560
2561 641
2562 00:26:14,069 ~-~-> 00:26:16,799
2563 in all of your technical circles. If
2564
2565 642
2566 00:26:16,799 ~-~-> 00:26:18,239
2567 you're a stock trader, there's a real
2568
2569 643
2570 00:26:18,239 ~-~-> 00:26:20,759
2571 important levels. You have quarterly
2572
2573 644
2574 00:26:20,759 ~-~-> 00:26:22,829
2575 highs and lows. That means every three
2576
2577 645
2578 00:26:22,829 ~-~-> 00:26:24,989
2579 months throughout the calendar year,
2580
2581 646
2582 00:26:25,049 ~-~-> 00:26:27,239
2583 okay, there are specific highs and lows
2584
2585 647
2586 00:26:27,239 ~-~-> 00:26:28,949
2587 in the last three months. Okay, you want
2588
2589 648
2590 00:26:28,949 ~-~-> 00:26:31,469
2591 to make note of that. Those levels are
2592
2593 649
2594 00:26:31,469 ~-~-> 00:26:33,689
2595 very, very crucial. I love those levels
2596
2597 650
2598 00:26:33,689 ~-~-> 00:26:35,429
2599 more than any other level because they
2600
2601 651
2602 00:26:35,429 ~-~-> 00:26:37,199
2603 give me the framework on how the
2604
2605 652
2606 00:26:37,199 ~-~-> 00:26:38,429
2607 commercial traders which we'll talk
2608
2609 653
2610 00:26:38,429 ~-~-> 00:26:41,579
2611 about later in this video, how they move
2612
2613 654
2614 00:26:41,609 ~-~-> 00:26:43,439
2615 in and out of the marketplace and they
2616
2617 655
2618 00:26:43,439 ~-~-> 00:26:46,139
2619 hedge and they Oh, they provide the
2620
2621 656
2622 00:26:46,139 ~-~-> 00:26:49,139
2623 liquidity to move price around like it
2624
2625 657
2626 00:26:49,139 ~-~-> 00:26:50,579
2627 does. Okay. And a lot of people will
2628
2629 658
2630 00:26:50,579 ~-~-> 00:26:51,989
2631 argue and say, you know, it's not the
2632
2633 659
2634 00:26:51,989 ~-~-> 00:26:53,459
2635 commercials move in price. I'm going to
2636
2637 660
2638 00:26:53,459 ~-~-> 00:26:54,629
2639 tell you right now, it is a commercial
2640
2641 661
2642 00:26:54,629 ~-~-> 00:26:56,099
2643 traders, it is the large institutions,
2644
2645 662
2646 00:26:56,099 ~-~-> 00:26:58,799
2647 it is the banks, okay, that move price
2648
2649 663
2650 00:26:58,919 ~-~-> 00:27:01,919
2651 to levels up disparity in other words,
2652
2653 664
2654 00:27:02,099 ~-~-> 00:27:05,549
2655 they go too far away from equilibrium.
2656
2657 665
2658 00:27:05,669 ~-~-> 00:27:07,139
2659 Okay? And that's where opportunity is
2660
2661 666
2662 00:27:07,199 ~-~-> 00:27:09,089
2663 you want to see price be pulled to these
2664
2665 667
2666 00:27:09,089 ~-~-> 00:27:10,919
2667 levels, okay, and every quarter there's
2668
2669 668
2670 00:27:11,099 ~-~-> 00:27:13,559
2671 a specific, you know, tug of war that
2672
2673 669
2674 00:27:13,559 ~-~-> 00:27:15,329
2675 takes place where price has gone too far
2676
2677 670
2678 00:27:15,329 ~-~-> 00:27:16,949
2679 higher than they should have been too
2680
2681 671
2682 00:27:16,949 ~-~-> 00:27:18,539
2683 far lower than they should have. And
2684
2685 672
2686 00:27:18,539 ~-~-> 00:27:19,649
2687 then there's an opportunity when you
2688
2689 673
2690 00:27:19,649 ~-~-> 00:27:21,569
2691 trade these extreme levels, you have
2692
2693 674
2694 00:27:21,569 ~-~-> 00:27:23,219
2695 monthly highs and lows as well which is
2696
2697 675
2698 00:27:23,219 ~-~-> 00:27:24,869
2699 basically the four week range most
2700
2701 676
2702 00:27:24,869 ~-~-> 00:27:26,579
2703 highest high and lowest low in this four
2704
2705 677
2706 00:27:26,579 ~-~-> 00:27:29,099
2707 week range. Basically, if you just look
2708
2709 678
2710 00:27:29,099 ~-~-> 00:27:31,109
2711 at your, your trading platform, just
2712
2713 679
2714 00:27:31,139 ~-~-> 00:27:32,729
2715 mark out the previous months high and
2716
2717 680
2718 00:27:32,729 ~-~-> 00:27:35,399
2719 low. Boom, you got it. You have weekly
2720
2721 681
2722 00:27:35,399 ~-~-> 00:27:37,079
2723 highs and lows. Okay, the previous
2724
2725 682
2726 00:27:37,079 ~-~-> 00:27:38,939
2727 week's high and low and I like to look
2728
2729 683
2730 00:27:38,969 ~-~-> 00:27:43,529
2731 at at least two or three weeks worth, if
2732
2733 684
2734 00:27:43,529 ~-~-> 00:27:45,599
2735 I'm looking at weekly ranges. I like to
2736
2737 685
2738 00:27:45,599 ~-~-> 00:27:47,939
2739 look at that because every swing point
2740
2741 686
2742 00:27:47,939 ~-~-> 00:27:50,849
2743 is going to be made with three candles,
2744
2745 687
2746 00:27:50,879 ~-~-> 00:27:52,859
2747 okay, whether it be a monthly chart,
2748
2749 688
2750 00:27:52,889 ~-~-> 00:27:54,149
2751 weekly chart, daily chart doesn't
2752
2753 689
2754 00:27:54,149 ~-~-> 00:27:55,349
2755 matter. Every swing high and low is
2756
2757 690
2758 00:27:55,349 ~-~-> 00:27:57,689
2759 going to be seen with at least three
2760
2761 691
2762 00:27:57,689 ~-~-> 00:28:00,479
2763 candles. Okay, so I'd like to look With
2764
2765 692
2766 00:28:00,479 ~-~-> 00:28:04,169
2767 a background of at least three candles
2768
2769 693
2770 00:28:04,169 ~-~-> 00:28:06,119
2771 in perspective, even though I'm looking
2772
2773 694
2774 00:28:06,119 ~-~-> 00:28:07,529
2775 at weekly highs and lows, I'm still
2776
2777 695
2778 00:28:07,529 ~-~-> 00:28:10,469
2779 referencing at least three. The previous
2780
2781 696
2782 00:28:10,469 ~-~-> 00:28:11,999
2783 week's high and low are very sensitive
2784
2785 697
2786 00:28:11,999 ~-~-> 00:28:14,519
2787 as well. Now we have the daily highs and
2788
2789 698
2790 00:28:14,519 ~-~-> 00:28:14,699
2791 lows,
2792
2793 699
2794 00:28:15,059 ~-~-> 00:28:17,429
2795 obviously the previous 24 hour range.
2796
2797 700
2798 00:28:17,789 ~-~-> 00:28:19,349
2799 Then we have session highs and lows that
2800
2801 701
2802 00:28:19,349 ~-~-> 00:28:20,999
2803 would be the highest high and lowest low
2804
2805 702
2806 00:28:20,999 ~-~-> 00:28:23,549
2807 in during the asian session. The highest
2808
2809 703
2810 00:28:23,549 ~-~-> 00:28:24,779
2811 high and the lowest low during the
2812
2813 704
2814 00:28:24,779 ~-~-> 00:28:27,329
2815 London session and the highest high and
2816
2817 705
2818 00:28:27,329 ~-~-> 00:28:29,909
2819 lowest low the New York session. There's
2820
2821 706
2822 00:28:29,909 ~-~-> 00:28:31,859
2823 also intraday fractals, okay that you
2824
2825 707
2826 00:28:31,859 ~-~-> 00:28:34,019
2827 could be looking for. That gives you
2828
2829 708
2830 00:28:34,049 ~-~-> 00:28:35,819
2831 your support resistance net, a lot of
2832
2833 709
2834 00:28:35,819 ~-~-> 00:28:38,849
2835 times based with range trading and
2836
2837 710
2838 00:28:38,849 ~-~-> 00:28:41,009
2839 pattern trading. And then obviously, the
2840
2841 711
2842 00:28:41,009 ~-~-> 00:28:43,409
2843 least of all of importance to me is
2844
2845 712
2846 00:28:43,409 ~-~-> 00:28:46,169
2847 trendline analysis channels and support
2848
2849 713
2850 00:28:46,169 ~-~-> 00:28:49,589
2851 and supply and demand lines. They to me
2852
2853 714
2854 00:28:51,359 ~-~-> 00:28:54,509
2855 if it's not horizontal, driven, I'm not
2856
2857 715
2858 00:28:54,509 ~-~-> 00:28:57,989
2859 interested. So if there's anyone that is
2860
2861 716
2862 00:28:58,139 ~-~-> 00:28:59,879
2863 looking for me to talk about trend
2864
2865 717
2866 00:28:59,879 ~-~-> 00:29:02,759
2867 lines, Okay, diagnol up and down, or Tom
2868
2869 718
2870 00:29:02,759 ~-~-> 00:29:05,399
2871 demark trend lines, because, yes, I read
2872
2873 719
2874 00:29:05,399 ~-~-> 00:29:07,649
2875 the book in new science and technical
2876
2877 720
2878 00:29:07,649 ~-~-> 00:29:08,969
2879 analysis when it first came out, I had
2880
2881 721
2882 00:29:08,969 ~-~-> 00:29:12,149
2883 the first print edition, and I'm sorry,
2884
2885 722
2886 00:29:12,149 ~-~-> 00:29:13,799
2887 I just don't see any value in them. And
2888
2889 723
2890 00:29:13,859 ~-~-> 00:29:15,569
2891 I have other tools that give me a lot
2892
2893 724
2894 00:29:15,569 ~-~-> 00:29:18,089
2895 more indication for those Tom demark
2896
2897 725
2898 00:29:18,089 ~-~-> 00:29:20,429
2899 trend lines break, I already know what
2900
2901 726
2902 00:29:20,819 ~-~-> 00:29:22,259
2903 you know, is most likely going to
2904
2905 727
2906 00:29:22,259 ~-~-> 00:29:23,999
2907 happen. And I'm usually in there before
2908
2909 728
2910 00:29:23,999 ~-~-> 00:29:26,069
2911 the trend rolling break. And that's
2912
2913 729
2914 00:29:26,069 ~-~-> 00:29:28,019
2915 usually what professionals are doing,
2916
2917 730
2918 00:29:28,019 ~-~-> 00:29:29,279
2919 they're getting in here before the move
2920
2921 731
2922 00:29:29,279 ~-~-> 00:29:30,689
2923 takes place. So that's the basis of what
2924
2925 732
2926 00:29:30,689 ~-~-> 00:29:32,219
2927 we're doing. We want to be in there
2928
2929 733
2930 00:29:32,219 ~-~-> 00:29:34,889
2931 before the markets are moving. And trend
2932
2933 734
2934 00:29:34,889 ~-~-> 00:29:36,959
2935 lines, just unfortunately, are just too
2936
2937 735
2938 00:29:36,959 ~-~-> 00:29:39,029
2939 late to the party. Now implied support
2940
2941 736
2942 00:29:39,029 ~-~-> 00:29:40,889
2943 resistance levels are things like
2944
2945 737
2946 00:29:40,889 ~-~-> 00:29:42,779
2947 Fibonacci levels, okay. retracements and
2948
2949 738
2950 00:29:42,779 ~-~-> 00:29:45,929
2951 extensions, pivot points, okay. Monthly
2952
2953 739
2954 00:29:45,929 ~-~-> 00:29:48,959
2955 pivots, weekly pivots, daily pivots. And
2956
2957 740
2958 00:29:49,469 ~-~-> 00:29:55,049
2959 by having those levels, okay, you have a
2960
2961 741
2962 00:29:55,679 ~-~-> 00:29:57,239
2963 data they don't work by themselves.
2964
2965 742
2966 00:29:57,239 ~-~-> 00:29:59,219
2967 There's no magic to them, okay? But when
2968
2969 743
2970 00:29:59,219 ~-~-> 00:30:01,529
2971 you incorporate The natural support
2972
2973 744
2974 00:30:01,529 ~-~-> 00:30:03,179
2975 resistance levels with implied support
2976
2977 745
2978 00:30:03,179 ~-~-> 00:30:04,859
2979 resistance level concepts like Fibonacci
2980
2981 746
2982 00:30:04,859 ~-~-> 00:30:09,029
2983 and pivots. It's it's mind blowing how
2984
2985 747
2986 00:30:10,829 ~-~-> 00:30:12,899
2987 powerful the setups are when you have
2988
2989 748
2990 00:30:12,899 ~-~-> 00:30:14,519
2991 those loose coupling or these
2992
2993 749
2994 00:30:14,519 ~-~-> 00:30:16,889
2995 confluences of both forms of support
2996
2997 750
2998 00:30:16,889 ~-~-> 00:30:21,299
2999 resistance. Now, obviously, when we
3000
3001 751
3002 00:30:21,299 ~-~-> 00:30:23,519
3003 talked about 12, months highs and lows,
3004
3005 752
3006 00:30:24,599 ~-~-> 00:30:26,459
3007 this is this real quick graphic
3008
3009 753
3010 00:30:26,459 ~-~-> 00:30:30,749
3011 depiction of looking at 1997. You can
3012
3013 754
3014 00:30:30,749 ~-~-> 00:30:32,369
3015 see how price when we traded back up to
3016
3017 755
3018 00:30:32,369 ~-~-> 00:30:35,939
3019 that same general area in 2006. price
3020
3021 756
3022 00:30:35,939 ~-~-> 00:30:39,149
3023 was really giving you opportunities to
3024
3025 757
3026 00:30:39,179 ~-~-> 00:30:41,819
3027 define sell signals. Now, obviously,
3028
3029 758
3030 00:30:42,269 ~-~-> 00:30:44,159
3031 there's no there's no guarantee that
3032
3033 759
3034 00:30:44,159 ~-~-> 00:30:45,959
3035 price is going to return to those levels
3036
3037 760
3038 00:30:45,959 ~-~-> 00:30:48,509
3039 stop on a dime not go do not go through
3040
3041 761
3042 00:30:48,509 ~-~-> 00:30:49,379
3043 it just a little bit. It might go
3044
3045 762
3046 00:30:49,379 ~-~-> 00:30:52,559
3047 through, you know, a lot more than you
3048
3049 763
3050 00:30:52,559 ~-~-> 00:30:54,239
3051 probably think it will obviously, but
3052
3053 764
3054 00:30:54,239 ~-~-> 00:30:57,299
3055 then the patterns that exist at these
3056
3057 765
3058 00:30:57,299 ~-~-> 00:30:58,589
3059 levels, you would be looking for sell
3060
3061 766
3062 00:30:58,589 ~-~-> 00:31:02,969
3063 scenarios. bearish divergence optimal
3064
3065 767
3066 00:31:02,969 ~-~-> 00:31:05,129
3067 trade entry sell signals you bearish
3068
3069 768
3070 00:31:05,129 ~-~-> 00:31:08,099
3071 bats bearish butterflies bearish crabs
3072
3073 769
3074 00:31:08,099 ~-~-> 00:31:10,469
3075 bear everything that you would look for
3076
3077 770
3078 00:31:10,529 ~-~-> 00:31:12,719
3079 on a bearish level. Okay turtle soups
3080
3081 771
3082 00:31:12,779 ~-~-> 00:31:14,939
3083 okay. This is really actually giving you
3084
3085 772
3086 00:31:14,939 ~-~-> 00:31:17,489
3087 a turtle soup setup where turtle soup is
3088
3089 773
3090 00:31:17,489 ~-~-> 00:31:20,369
3091 a false breakout and it moves above the
3092
3093 774
3094 00:31:20,369 ~-~-> 00:31:23,519
3095 tooth I'm excited 99 seven high and then
3096
3097 775
3098 00:31:23,519 ~-~-> 00:31:25,469
3099 it quickly rejected and moved a
3100
3101 776
3102 00:31:25,469 ~-~-> 00:31:27,839
3103 considerable amount of pips lower. Now
3104
3105 777
3106 00:31:27,869 ~-~-> 00:31:30,209
3107 it did return back to that 240 level,
3108
3109 778
3110 00:31:30,419 ~-~-> 00:31:32,909
3111 but it's still moved a significant means
3112
3113 779
3114 00:31:32,939 ~-~-> 00:31:38,039
3115 of price movement in terms of pips, and
3116
3117 780
3118 00:31:38,039 ~-~-> 00:31:39,029
3119 that's really all you're looking for.
3120
3121 781
3122 00:31:39,029 ~-~-> 00:31:42,359
3123 You're looking for scenarios that give
3124
3125 782
3126 00:31:42,359 ~-~-> 00:31:44,789
3127 you high odds setups. Now obviously
3128
3129 783
3130 00:31:44,819 ~-~-> 00:31:46,859
3131 monthly, I'm sorry 12 month highs and
3132
3133 784
3134 00:31:46,859 ~-~-> 00:31:48,449
3135 lows. They don't really set up a whole
3136
3137 785
3138 00:31:48,449 ~-~-> 00:31:50,129
3139 lot. Okay, but there are significant
3140
3141 786
3142 00:31:50,129 ~-~-> 00:31:53,489
3143 price levels you have to be aware of. We
3144
3145 787
3146 00:31:53,489 ~-~-> 00:31:55,499
3147 talked about earlier one of the ones I
3148
3149 788
3150 00:31:55,499 ~-~-> 00:31:57,569
3151 really enjoy looking for and doing a lot
3152
3153 789
3154 00:31:57,569 ~-~-> 00:31:59,039
3155 of my studies with is the quarterly
3156
3157 790
3158 00:31:59,039 ~-~-> 00:32:03,719
3159 highs and lows You can see here, the the
3160
3161 791
3162 00:32:03,719 ~-~-> 00:32:06,119
3163 price on this example shown how price
3164
3165 792
3166 00:32:06,119 ~-~-> 00:32:09,539
3167 came down to just briefly blew through
3168
3169 793
3170 00:32:09,569 ~-~-> 00:32:13,589
3171 the previous low made in this is in the
3172
3173 794
3174 00:32:14,309 ~-~-> 00:32:16,499
3175 sample size of data. During the month of
3176
3177 795
3178 00:32:16,529 ~-~-> 00:32:18,689
3179 April, the load was formed there during
3180
3181 796
3182 00:32:18,719 ~-~-> 00:32:20,969
3183 June, it came down to that level swept
3184
3185 797
3186 00:32:20,969 ~-~-> 00:32:22,049
3187 it just a little bit and look at the
3188
3189 798
3190 00:32:22,049 ~-~-> 00:32:24,569
3191 reaction after that explosive to the
3192
3193 799
3194 00:32:24,569 ~-~-> 00:32:27,179
3195 upside. Now, what we're going to talk
3196
3197 800
3198 00:32:27,179 ~-~-> 00:32:29,609
3199 about is moment it makes that lower low
3200
3201 801
3202 00:32:29,669 ~-~-> 00:32:31,619
3203 in June comparable to the low that was
3204
3205 802
3206 00:32:31,619 ~-~-> 00:32:33,899
3207 made in April. When we look at that
3208
3209 803
3210 00:32:33,929 ~-~-> 00:32:35,699
3211 phenomenon taking place there, there's a
3212
3213 804
3214 00:32:35,699 ~-~-> 00:32:36,899
3215 pattern that we're going to be looking
3216
3217 805
3218 00:32:36,899 ~-~-> 00:32:38,999
3219 forward to it helps us measure the
3220
3221 806
3222 00:32:38,999 ~-~-> 00:32:40,649
3223 institutional sponsorship behind
3224
3225 807
3226 00:32:40,649 ~-~-> 00:32:42,389
3227 specific types of moves like that. And
3228
3229 808
3230 00:32:42,389 ~-~-> 00:32:43,919
3231 you'll clearly see that these things are
3232
3233 809
3234 00:32:43,919 ~-~-> 00:32:47,069
3235 not in any way, shape or form indicative
3236
3237 810
3238 00:32:47,069 ~-~-> 00:32:48,959
3239 of continuation going lower and in fact,
3240
3241 811
3242 00:32:48,959 ~-~-> 00:32:50,729
3243 there are many times accumulation
3244
3245 812
3246 00:32:50,819 ~-~-> 00:32:54,149
3247 patterns. Obviously, you know, monthly
3248
3249 813
3250 00:32:54,149 ~-~-> 00:32:56,459
3251 highs and lows. It's not rocket science.
3252
3253 814
3254 00:32:56,459 ~-~-> 00:32:58,409
3255 You can see that it didn't look at this
3256
3257 815
3258 00:32:58,469 ~-~-> 00:33:01,649
3259 many examples here. Trading old monthly
3260
3261 816
3262 00:33:01,649 ~-~-> 00:33:04,349
3263 highs and lows. Okay just simply looking
3264
3265 817
3266 00:33:04,349 ~-~-> 00:33:07,229
3267 at the old monthly highs and lows
3268
3269 818
3270 00:33:07,229 ~-~-> 00:33:09,989
3271 drawing your lines on them and waiting
3272
3273 819
3274 00:33:09,989 ~-~-> 00:33:10,829
3275 for price to get to them.
3276
3277 820
3278 00:33:11,490 ~-~-> 00:33:13,530
3279 There's a lot of opportunities just
3280
3281 821
3282 00:33:13,710 ~-~-> 00:33:16,260
3283 using this example. Okay where you could
3284
3285 822
3286 00:33:16,260 ~-~-> 00:33:19,140
3287 do swing trades and do a just a small
3288
3289 823
3290 00:33:19,140 ~-~-> 00:33:21,210
3291 handful a year and carve out an
3292
3293 824
3294 00:33:21,210 ~-~-> 00:33:24,240
3295 absolutely stunning return and not even
3296
3297 825
3298 00:33:24,240 ~-~-> 00:33:25,860
3299 have to be trading full time you could
3300
3301 826
3302 00:33:25,860 ~-~-> 00:33:27,780
3303 be doing your nine to five desk jockey
3304
3305 827
3306 00:33:27,780 ~-~-> 00:33:30,480
3307 job, your average Joe going to work come
3308
3309 828
3310 00:33:30,480 ~-~-> 00:33:32,220
3311 home and you know see what you've done
3312
3313 829
3314 00:33:32,220 ~-~-> 00:33:34,560
3315 in the marketplace. You can do and a
3316
3317 830
3318 00:33:34,560 ~-~-> 00:33:36,330
3319 type of trading with monthly highs and
3320
3321 831
3322 00:33:36,330 ~-~-> 00:33:39,810
3323 lows is simply simply sitting down
3324
3325 832
3326 00:33:39,810 ~-~-> 00:33:41,520
3327 through charts, putting the lines in
3328
3329 833
3330 00:33:41,730 ~-~-> 00:33:43,020
3331 waiting for price to get to those levels
3332
3333 834
3334 00:33:43,020 ~-~-> 00:33:45,900
3335 you can use a cell phone to alert you in
3336
3337 835
3338 00:33:45,900 ~-~-> 00:33:47,370
3339 price trades of those and then simply
3340
3341 836
3342 00:33:47,430 ~-~-> 00:33:48,870
3343 just pull it up real quick and take
3344
3345 837
3346 00:33:48,870 ~-~-> 00:33:50,760
3347 yourself to the bathroom at work. Pull
3348
3349 838
3350 00:33:50,760 ~-~-> 00:33:55,020
3351 up pull up your your your intraday price
3352
3353 839
3354 00:33:55,020 ~-~-> 00:33:57,150
3355 action software that you would be able
3356
3357 840
3358 00:33:57,150 ~-~-> 00:33:59,340
3359 to use on your your smartphone and if
3360
3361 841
3362 00:33:59,340 ~-~-> 00:34:00,270
3363 you don't have a smartphone You're
3364
3365 842
3366 00:34:00,270 ~-~-> 00:34:02,070
3367 looking to trade forex, you kind of got
3368
3369 843
3370 00:34:02,070 ~-~-> 00:34:03,390
3371 to get with the program and get caught
3372
3373 844
3374 00:34:03,390 ~-~-> 00:34:05,040
3375 up because it's really, it's an
3376
3377 845
3378 00:34:05,280 ~-~-> 00:34:07,110
3379 invaluable tool. Because you can
3380
3381 846
3382 00:34:07,110 ~-~-> 00:34:09,480
3383 actually do a lot of intraday trading
3384
3385 847
3386 00:34:09,510 ~-~-> 00:34:11,370
3387 while you're at work and not saying, you
3388
3389 848
3390 00:34:11,370 ~-~-> 00:34:13,710
3391 know, cheat your boss and sit from your
3392
3393 849
3394 00:34:13,710 ~-~-> 00:34:15,240
3395 phone all day, but it only takes a few
3396
3397 850
3398 00:34:15,240 ~-~-> 00:34:16,890
3399 minutes. Once your alerts tell you that
3400
3401 851
3402 00:34:16,890 ~-~-> 00:34:18,930
3403 prices reach to these specific levels,
3404
3405 852
3406 00:34:19,170 ~-~-> 00:34:21,270
3407 you can say, Okay, well, we went up to a
3408
3409 853
3410 00:34:21,270 ~-~-> 00:34:26,400
3411 specific level at 110 670. And I think
3412
3413 854
3414 00:34:26,400 ~-~-> 00:34:27,510
3415 that price is probably going to be
3416
3417 855
3418 00:34:27,510 ~-~-> 00:34:30,120
3419 bearish there. And if price sells off a
3420
3421 856
3422 00:34:30,120 ~-~-> 00:34:31,500
3423 little bit that's indicative of we're
3424
3425 857
3426 00:34:31,500 ~-~-> 00:34:34,050
3427 looking for if it trades back up to you
3428
3429 858
3430 00:34:34,050 ~-~-> 00:34:35,550
3431 know, specific level and that doesn't
3432
3433 859
3434 00:34:35,880 ~-~-> 00:34:37,980
3435 meet that same price level in order to
3436
3437 860
3438 00:34:37,980 ~-~-> 00:34:39,600
3439 fail your swing or optimal trade entry
3440
3441 861
3442 00:34:39,600 ~-~-> 00:34:41,280
3443 sell. You can put your limit order right
3444
3445 862
3446 00:34:41,280 ~-~-> 00:34:43,620
3447 there. And then there you go, your your
3448
3449 863
3450 00:34:43,620 ~-~-> 00:34:45,450
3451 known stop loss would be in place you
3452
3453 864
3454 00:34:45,450 ~-~-> 00:34:47,340
3455 could put your limit order for entry,
3456
3457 865
3458 00:34:47,730 ~-~-> 00:34:49,320
3459 and your take profits, you know, and
3460
3461 866
3462 00:34:49,320 ~-~-> 00:34:51,390
3463 just simply let it go on autopilot. And
3464
3465 867
3466 00:34:51,390 ~-~-> 00:34:53,010
3467 you can you can trade monthly highs and
3468
3469 868
3470 00:34:53,010 ~-~-> 00:34:55,440
3471 lows with a day job and it's wonderful
3472
3473 869
3474 00:34:55,440 ~-~-> 00:34:57,270
3475 how many opportunities to set up over
3476
3477 870
3478 00:34:57,270 ~-~-> 00:35:00,810
3479 just a small sample set of pairs. Weekly
3480
3481 871
3482 00:35:00,810 ~-~-> 00:35:03,120
3483 highs and lows, same scenario. You don't
3484
3485 872
3486 00:35:03,120 ~-~-> 00:35:04,770
3487 need to be trading full time sitting in
3488
3489 873
3490 00:35:04,770 ~-~-> 00:35:06,030
3491 front of charts to trade weekly highs
3492
3493 874
3494 00:35:06,030 ~-~-> 00:35:08,880
3495 and lows. You can see the example here
3496
3497 875
3498 00:35:08,880 ~-~-> 00:35:10,950
3499 where price comes down for the Euro yen.
3500
3501 876
3502 00:35:12,000 ~-~-> 00:35:13,770
3503 Explosive move just coming right back
3504
3505 877
3506 00:35:13,770 ~-~-> 00:35:17,370
3507 down to an old low. Just an old previous
3508
3509 878
3510 00:35:17,370 ~-~-> 00:35:20,520
3511 week low bang explodes to the upside
3512
3513 879
3514 00:35:20,520 ~-~-> 00:35:23,460
3515 huge move that's 300 pips, okay, and
3516
3517 880
3518 00:35:23,490 ~-~-> 00:35:26,130
3519 that's all inside of you know a short
3520
3521 881
3522 00:35:26,130 ~-~-> 00:35:28,530
3523 span of time again as a swing trader
3524
3525 882
3526 00:35:28,560 ~-~-> 00:35:31,830
3527 working off the idea of working at a job
3528
3529 883
3530 00:35:31,830 ~-~-> 00:35:33,840
3531 and not having to be able to sit in from
3532
3533 884
3534 00:35:33,840 ~-~-> 00:35:35,130
3535 your charts and maybe you're developing
3536
3537 885
3538 00:35:35,130 ~-~-> 00:35:36,000
3539 trader and that's how you're gonna have
3540
3541 886
3542 00:35:36,000 ~-~-> 00:35:38,040
3543 to start weekly highs and lows much like
3544
3545 887
3546 00:35:38,040 ~-~-> 00:35:40,140
3547 we did with the quarterly and monthly
3548
3549 888
3550 00:35:40,320 ~-~-> 00:35:42,210
3551 are absolutely phenomenal levels we King
3552
3553 889
3554 00:35:42,210 ~-~-> 00:35:46,140
3555 up on. All right now the daily highs and
3556
3557 890
3558 00:35:46,140 ~-~-> 00:35:47,490
3559 lows obviously you can still reference
3560
3561 891
3562 00:35:47,490 ~-~-> 00:35:51,750
3563 that if you are, you know, a part time
3564
3565 892
3566 00:35:51,750 ~-~-> 00:35:53,580
3567 trader or one that is unable to be in
3568
3569 893
3570 00:35:53,580 ~-~-> 00:35:54,960
3571 front of the charts every single day but
3572
3573 894
3574 00:35:55,260 ~-~-> 00:35:57,780
3575 previous day's highs and lows are really
3576
3577 895
3578 00:35:57,780 ~-~-> 00:35:59,880
3579 the wonderful setups that day traders
3580
3581 896
3582 00:35:59,880 ~-~-> 00:36:02,910
3583 can Because the banks are looking at
3584
3585 897
3586 00:36:02,910 ~-~-> 00:36:05,130
3587 these levels, and I like to look at the
3588
3589 898
3590 00:36:05,160 ~-~-> 00:36:08,280
3591 at least three days worth of data in
3592
3593 899
3594 00:36:08,280 ~-~-> 00:36:09,870
3595 other words I'm looking at today and the
3596
3597 900
3598 00:36:09,870 ~-~-> 00:36:12,690
3599 previous two days before it, sometimes
3600
3601 901
3602 00:36:12,690 ~-~-> 00:36:14,430
3603 maybe a day before that, but I'm looking
3604
3605 902
3606 00:36:14,430 ~-~-> 00:36:17,010
3607 for at least three days worth of data.
3608
3609 903
3610 00:36:17,280 ~-~-> 00:36:19,890
3611 Okay to see where key high some key
3612
3613 904
3614 00:36:19,890 ~-~-> 00:36:22,320
3615 highs and lows are. And I can look for
3616
3617 905
3618 00:36:22,680 ~-~-> 00:36:24,810
3619 rejections at these specific levels and
3620
3621 906
3622 00:36:24,810 ~-~-> 00:36:27,480
3623 anticipate price patterns forming if
3624
3625 907
3626 00:36:27,480 ~-~-> 00:36:29,040
3627 they line up with specific times of the
3628
3629 908
3630 00:36:29,040 ~-~-> 00:36:31,320
3631 day like New York session open and
3632
3633 909
3634 00:36:31,320 ~-~-> 00:36:36,120
3635 London session open. Now, obviously, in
3636
3637 910
3638 00:36:36,120 ~-~-> 00:36:37,680
3639 greater detail, the asian session highs
3640
3641 911
3642 00:36:37,680 ~-~-> 00:36:39,990
3643 and lows are really beneficial,
3644
3645 912
3646 00:36:39,990 ~-~-> 00:36:42,240
3647 especially if you're a London trader and
3648
3649 913
3650 00:36:42,270 ~-~-> 00:36:44,430
3651 New York trader. And again, this is now
3652
3653 914
3654 00:36:44,430 ~-~-> 00:36:46,800
3655 speaking specific to those individuals
3656
3657 915
3658 00:36:46,800 ~-~-> 00:36:49,740
3659 that are day traders or short term
3660
3661 916
3662 00:36:49,740 ~-~-> 00:36:52,110
3663 scalpers because these price levels are
3664
3665 917
3666 00:36:52,110 ~-~-> 00:36:54,540
3667 highly sensitive on an intraday basis.
3668
3669 918
3670 00:36:55,080 ~-~-> 00:36:57,150
3671 You can catch many times, you know
3672
3673 919
3674 00:36:57,510 ~-~-> 00:37:01,110
3675 1015 2030 pips intraday basis by
3676
3677 920
3678 00:37:01,110 ~-~-> 00:37:02,910
3679 utilizing the asian session high and
3680
3681 921
3682 00:37:02,910 ~-~-> 00:37:03,210
3683 low.
3684
3685 922
3686 00:37:04,560 ~-~-> 00:37:09,270
3687 I, I adopted a style of the Asian range
3688
3689 923
3690 00:37:09,690 ~-~-> 00:37:11,850
3691 that was taught through Chris Laurie's
3692
3693 924
3694 00:37:11,850 ~-~-> 00:37:13,920
3695 work. That's really where I learned the
3696
3697 925
3698 00:37:13,920 ~-~-> 00:37:16,590
3699 Asian range from, I tweaked a little
3700
3701 926
3702 00:37:16,590 ~-~-> 00:37:18,630
3703 bit, he has a little bit of a different
3704
3705 927
3706 00:37:18,870 ~-~-> 00:37:22,050
3707 time window. It's not much, but I just
3708
3709 928
3710 00:37:22,050 ~-~-> 00:37:24,480
3711 incorporated the way I used price action
3712
3713 929
3714 00:37:24,750 ~-~-> 00:37:28,170
3715 in the globex s&p 500 market. And that's
3716
3717 930
3718 00:37:28,170 ~-~-> 00:37:30,570
3719 basically using the five I'm sorry, the
3720
3721 931
3722 00:37:30,570 ~-~-> 00:37:33,300
3723 midnight timeframe of New York. That's
3724
3725 932
3726 00:37:33,300 ~-~-> 00:37:35,640
3727 my beginning basis of the new day. And
3728
3729 933
3730 00:37:35,640 ~-~-> 00:37:38,610
3731 that's where I end the latter parameter
3732
3733 934
3734 00:37:38,610 ~-~-> 00:37:40,170
3735 for the agent session. So even though it
3736
3737 935
3738 00:37:40,170 ~-~-> 00:37:42,030
3739 states here that for I am these times,
3740
3741 936
3742 00:37:42,030 ~-~-> 00:37:43,860
3743 as you see here, beginning and ending,
3744
3745 937
3746 00:37:44,250 ~-~-> 00:37:46,590
3747 these are going to be New York Times and
3748
3749 938
3750 00:37:46,590 ~-~-> 00:37:50,100
3751 unfortunately, I tried to, to consider
3752
3753 939
3754 00:37:50,370 ~-~-> 00:37:53,250
3755 all of the possible ideal scenarios I
3756
3757 940
3758 00:37:53,250 ~-~-> 00:37:55,590
3759 can teach this in a way where everybody
3760
3761 941
3762 00:37:55,590 ~-~-> 00:37:56,730
3763 all around the world because there's a
3764
3765 942
3766 00:37:56,730 ~-~-> 00:37:58,230
3767 lot of people to follow me in different
3768
3769 943
3770 00:37:58,260 ~-~-> 00:38:00,720
3771 parts of the world. I'm not Going to go
3772
3773 944
3774 00:38:00,720 ~-~-> 00:38:03,510
3775 into trying to make sure that the times
3776
3777 945
3778 00:38:03,690 ~-~-> 00:38:06,180
3779 are lining up for you. Okay, so the way
3780
3781 946
3782 00:38:06,210 ~-~-> 00:38:09,360
3783 you're gonna learn the easiest for me is
3784
3785 947
3786 00:38:09,360 ~-~-> 00:38:11,040
3787 understand that I live on the east coast
3788
3789 948
3790 00:38:11,070 ~-~-> 00:38:13,410
3791 of North America. So basically, whatever
3792
3793 949
3794 00:38:13,410 ~-~-> 00:38:15,750
3795 time it is in New York, that's what time
3796
3797 950
3798 00:38:15,750 ~-~-> 00:38:18,060
3799 I'm in. So every time I'm talking about
3800
3801 951
3802 00:38:18,060 ~-~-> 00:38:21,360
3803 specific times 90% of the time I'm
3804
3805 952
3806 00:38:21,360 ~-~-> 00:38:24,120
3807 referring to my local time, and then
3808
3809 953
3810 00:38:24,120 ~-~-> 00:38:26,370
3811 just, it's easy, easier for you to just
3812
3813 954
3814 00:38:26,370 ~-~-> 00:38:29,010
3815 get yourself a cheap watch instead of to
3816
3817 955
3818 00:38:29,010 ~-~-> 00:38:30,690
3819 New York time and just have that when
3820
3821 956
3822 00:38:30,690 ~-~-> 00:38:32,160
3823 you're watching my videos or watching
3824
3825 957
3826 00:38:32,160 ~-~-> 00:38:34,140
3827 this, this type of information and I'm
3828
3829 958
3830 00:38:34,140 ~-~-> 00:38:35,280
3831 looking at your charts because you'll
3832
3833 959
3834 00:38:35,280 ~-~-> 00:38:36,900
3835 know what I'm doing and what I'm
3836
3837 960
3838 00:38:36,900 ~-~-> 00:38:40,260
3839 expecting based on an idea. Obviously,
3840
3841 961
3842 00:38:40,260 ~-~-> 00:38:41,670
3843 that's in the same vein that we talked
3844
3845 962
3846 00:38:41,670 ~-~-> 00:38:43,560
3847 about with the asian session, the London
3848
3849 963
3850 00:38:43,560 ~-~-> 00:38:45,300
3851 session highs and lows now, London
3852
3853 964
3854 00:38:45,300 ~-~-> 00:38:46,560
3855 session highs and lows are going to be
3856
3857 965
3858 00:38:46,560 ~-~-> 00:38:49,170
3859 very influential in terms of your New
3860
3861 966
3862 00:38:49,170 ~-~-> 00:38:50,670
3863 York trading if you're a New York
3864
3865 967
3866 00:38:50,670 ~-~-> 00:38:52,230
3867 intraday trader, and on average, if you
3868
3869 968
3870 00:38:52,230 ~-~-> 00:38:54,000
3871 start your trading, okay, a lot of
3872
3873 969
3874 00:38:54,000 ~-~-> 00:38:55,500
3875 people can't get up during the London
3876
3877 970
3878 00:38:55,500 ~-~-> 00:38:57,960
3879 session. I don't know why is a lot of
3880
3881 971
3882 00:38:57,960 ~-~-> 00:38:59,520
3883 money to be made, and it's absolutely
3884
3885 972
3886 00:39:00,000 ~-~-> 00:39:03,270
3887 The best entries for the daily range if
3888
3889 973
3890 00:39:03,270 ~-~-> 00:39:05,820
3891 you're gonna be trading it, obviously in
3892
3893 974
3894 00:39:05,820 ~-~-> 00:39:07,350
3895 the London session, but I understand
3896
3897 975
3898 00:39:07,350 ~-~-> 00:39:08,490
3899 there's a lot of people that can't do it
3900
3901 976
3902 00:39:08,490 ~-~-> 00:39:10,230
3903 because of time constraints and family
3904
3905 977
3906 00:39:10,230 ~-~-> 00:39:12,570
3907 commitments and maybe even jobs. But if
3908
3909 978
3910 00:39:12,570 ~-~-> 00:39:13,830
3911 you're gonna be a New York session
3912
3913 979
3914 00:39:13,830 ~-~-> 00:39:15,840
3915 trader, you have to at least reference
3916
3917 980
3918 00:39:15,840 ~-~-> 00:39:17,010
3919 the London session highs and lows
3920
3921 981
3922 00:39:17,010 ~-~-> 00:39:18,930
3923 because they're going to be paramount to
3924
3925 982
3926 00:39:18,930 ~-~-> 00:39:21,090
3927 the swings that set up during the New
3928
3929 983
3930 00:39:21,090 ~-~-> 00:39:23,490
3931 York session. If you do not understand
3932
3933 984
3934 00:39:23,550 ~-~-> 00:39:25,710
3935 London session highs and lows. Just take
3936
3937 985
3938 00:39:25,710 ~-~-> 00:39:28,350
3939 a couple weeks and go through the
3940
3941 986
3942 00:39:28,350 ~-~-> 00:39:31,500
3943 previous data on your platform. Mark
3944
3945 987
3946 00:39:31,500 ~-~-> 00:39:34,110
3947 those out and see what trades set up
3948
3949 988
3950 00:39:34,140 ~-~-> 00:39:36,810
3951 during the New York session timeframe on
3952
3953 989
3954 00:39:36,810 ~-~-> 00:39:38,460
3955 an intraday basis and how many pips are
3956
3957 990
3958 00:39:38,460 ~-~-> 00:39:40,440
3959 available just by incorporating those
3960
3961 991
3962 00:39:40,440 ~-~-> 00:39:41,910
3963 specific price points and you'll be
3964
3965 992
3966 00:39:41,910 ~-~-> 00:39:45,150
3967 absolutely astonished. And obviously,
3968
3969 993
3970 00:39:45,150 ~-~-> 00:39:47,010
3971 the New York session highs and lows will
3972
3973 994
3974 00:39:47,010 ~-~-> 00:39:51,030
3975 be influential for the new asian session
3976
3977 995
3978 00:39:51,030 ~-~-> 00:39:53,790
3979 that starts up Okay, so the the calendar
3980
3981 996
3982 00:39:54,180 ~-~-> 00:39:56,490
3983 that follows the sun around the globe
3984
3985 997
3986 00:39:56,490 ~-~-> 00:39:59,700
3987 here in Planet Earth in the investment
3988
3989 998
3990 00:39:59,700 ~-~-> 00:40:03,030
3991 world. trading day, whatever session
3992
3993 999
3994 00:40:03,030 ~-~-> 00:40:04,560
3995 highs and lows form in the New York
3996
3997 1000
3998 00:40:04,560 ~-~-> 00:40:05,820
3999 session, okay are going to be
4000
4001 1001
4002 00:40:05,820 ~-~-> 00:40:07,710
4003 influential during the asian session.
4004
4005 1002
4006 00:40:07,890 ~-~-> 00:40:11,130
4007 Okay, so the asian session requires and
4008
4009 1003
4010 00:40:11,130 ~-~-> 00:40:13,350
4011 references to New York session end, the
4012
4013 1004
4014 00:40:13,350 ~-~-> 00:40:15,870
4015 previous London session highs and lows
4016
4017 1005
4018 00:40:16,260 ~-~-> 00:40:18,480
4019 and New York session references the
4020
4021 1006
4022 00:40:18,480 ~-~-> 00:40:20,400
4023 previous London session and asian
4024
4025 1007
4026 00:40:20,400 ~-~-> 00:40:22,110
4027 session. So you're always looking back
4028
4029 1008
4030 00:40:22,110 ~-~-> 00:40:24,630
4031 at least two sessions before the trading
4032
4033 1009
4034 00:40:24,630 ~-~-> 00:40:26,130
4035 session that you're trading now, by
4036
4037 1010
4038 00:40:26,130 ~-~-> 00:40:28,350
4039 having that it gives you all of the the
4040
4041 1011
4042 00:40:28,350 ~-~-> 00:40:31,230
4043 intraday fractals, okay, that are most
4044
4045 1012
4046 00:40:31,230 ~-~-> 00:40:32,640
4047 likely going to be influential in terms
4048
4049 1013
4050 00:40:32,640 ~-~-> 00:40:33,750
4051 of support resistance on an intraday
4052
4053 1014
4054 00:40:33,750 ~-~-> 00:40:37,530
4055 basis. And like we just said intraday
4056
4057 1015
4058 00:40:37,530 ~-~-> 00:40:39,990
4059 fractals highs and lows are going to be,
4060
4061 1016
4062 00:40:40,530 ~-~-> 00:40:43,920
4063 you know, swings that form and retrace
4064
4065 1017
4066 00:40:43,920 ~-~-> 00:40:46,440
4067 back into previous session highs and
4068
4069 1018
4070 00:40:46,440 ~-~-> 00:40:48,630
4071 lows and by understanding that concept
4072
4073 1019
4074 00:40:48,690 ~-~-> 00:40:50,850
4075 of intraday range, and where we're at in
4076
4077 1020
4078 00:40:50,850 ~-~-> 00:40:52,110
4079 terms of directional premise for the
4080
4081 1021
4082 00:40:52,110 ~-~-> 00:40:54,210
4083 high or low forming for that particular
4084
4085 1022
4086 00:40:54,210 ~-~-> 00:40:55,710
4087 day. They're going to give you a
4088
4089 1023
4090 00:40:55,710 ~-~-> 00:40:58,710
4091 framework to at least look for trading
4092
4093 1024
4094 00:40:58,710 ~-~-> 00:41:01,950
4095 scenarios to in sync with momentum, or
4096
4097 1025
4098 00:41:02,220 ~-~-> 00:41:04,890
4099 maybe even take profits. As you know,
4100
4101 1026
4102 00:41:05,070 ~-~-> 00:41:06,930
4103 price reaches up to these old levels,
4104
4105 1027
4106 00:41:07,710 ~-~-> 00:41:09,180
4107 that may be a good indication to take
4108
4109 1028
4110 00:41:09,180 ~-~-> 00:41:13,050
4111 your profits. Now, institutional price
4112
4113 1029
4114 00:41:13,050 ~-~-> 00:41:15,690
4115 levels are ones that we like to follow,
4116
4117 1030
4118 00:41:15,780 ~-~-> 00:41:18,510
4119 and they're very simple. Okay. And
4120
4121 1031
4122 00:41:18,570 ~-~-> 00:41:21,270
4123 honestly, as a new trader, this is where
4124
4125 1032
4126 00:41:21,270 ~-~-> 00:41:23,370
4127 I tell everyone to start with, if you
4128
4129 1033
4130 00:41:23,370 ~-~-> 00:41:26,820
4131 simply look at the 100 point levels in
4132
4133 1034
4134 00:41:26,820 ~-~-> 00:41:28,860
4135 other words, for instance, you're
4136
4137 1035
4138 00:41:28,860 ~-~-> 00:41:30,420
4139 looking at the British Pound USD pair
4140
4141 1036
4142 00:41:30,420 ~-~-> 00:41:32,910
4143 here as a sample set. If you mark off
4144
4145 1037
4146 00:41:32,910 ~-~-> 00:41:37,320
4147 the 160 level, and you mark off the 161
4148
4149 1038
4150 00:41:37,320 ~-~-> 00:41:38,400
4151 level, which doesn't appear on this
4152
4153 1039
4154 00:41:38,400 ~-~-> 00:41:40,890
4155 chart, okay, they would be your 100
4156
4157 1040
4158 00:41:40,890 ~-~-> 00:41:44,760
4159 levels, okay, or big figure levels. In
4160
4161 1041
4162 00:41:44,760 ~-~-> 00:41:47,040
4163 between halfway between that is a 50 PIP
4164
4165 1042
4166 00:41:47,040 ~-~-> 00:41:48,960
4167 mark, okay. In other words, it would be
4168
4169 1043
4170 00:41:48,960 ~-~-> 00:41:52,290
4171 159 50 level. Okay, that's your mid
4172
4173 1044
4174 00:41:52,290 ~-~-> 00:41:54,840
4175 figure level, in between the big figure
4176
4177 1045
4178 00:41:54,840 ~-~-> 00:41:58,110
4179 160 and 169 50. Okay, we look for the
4180
4181 1046
4182 00:41:58,110 ~-~-> 00:41:59,730
4183 159 at level
4184
4185 1047
4186 00:42:00,149 ~-~-> 00:42:03,449
4187 Okay, and in between 159 50 and 159,
4188
4189 1048
4190 00:42:03,479 ~-~-> 00:42:05,969
4191 even big figure level, we'd look for the
4192
4193 1049
4194 00:42:05,969 ~-~-> 00:42:10,679
4195 159 20. Now. And in summary, we're
4196
4197 1050
4198 00:42:10,679 ~-~-> 00:42:13,679
4199 looking for the 00 levels, the 80
4200
4201 1051
4202 00:42:13,679 ~-~-> 00:42:16,469
4203 levels, the 50 levels, and the 20
4204
4205 1052
4206 00:42:16,469 ~-~-> 00:42:19,349
4207 levels. And then obviously, the lower 00
4208
4209 1053
4210 00:42:19,349 ~-~-> 00:42:21,329
4211 level again, and this goes across the
4212
4213 1054
4214 00:42:21,359 ~-~-> 00:42:23,609
4215 price action that you're trading around
4216
4217 1055
4218 00:42:23,609 ~-~-> 00:42:26,129
4219 now. And what I do is I look at about a
4220
4221 1056
4222 00:42:26,129 ~-~-> 00:42:29,309
4223 300 PIP range based on wherever at
4224
4225 1057
4226 00:42:29,309 ~-~-> 00:42:32,549
4227 trading at market, and I go up 300 pips
4228
4229 1058
4230 00:42:32,549 ~-~-> 00:42:34,259
4231 and I go down 300 pips and I look at
4232
4233 1059
4234 00:42:34,259 ~-~-> 00:42:36,689
4235 those price levels. If you do that as a
4236
4237 1060
4238 00:42:36,689 ~-~-> 00:42:38,639
4239 beginning neophyte trader and you say
4240
4241 1061
4242 00:42:38,639 ~-~-> 00:42:40,829
4243 you're questioning your your prowess as
4244
4245 1062
4246 00:42:41,759 ~-~-> 00:42:43,229
4247 being able to identify support
4248
4249 1063
4250 00:42:43,229 ~-~-> 00:42:44,699
4251 resistance levels, or maybe you can't be
4252
4253 1064
4254 00:42:44,699 ~-~-> 00:42:46,799
4255 in front of the charts all the time, and
4256
4257 1065
4258 00:42:46,799 ~-~-> 00:42:48,659
4259 you just want a real quick, clean
4260
4261 1066
4262 00:42:49,169 ~-~-> 00:42:51,299
4263 approach to support resistance. This is
4264
4265 1067
4266 00:42:51,299 ~-~-> 00:42:53,339
4267 it. Okay, this is the one you're looking
4268
4269 1068
4270 00:42:53,339 ~-~-> 00:42:55,529
4271 for, because there will be enough
4272
4273 1069
4274 00:42:55,559 ~-~-> 00:42:57,419
4275 trading patterns to form over the course
4276
4277 1070
4278 00:42:57,449 ~-~-> 00:43:01,289
4279 of a month that if you You aren't able
4280
4281 1071
4282 00:43:01,289 ~-~-> 00:43:03,329
4283 to trade every single day of the day
4284
4285 1072
4286 00:43:03,329 ~-~-> 00:43:05,369
4287 trader, not that you should trade every
4288
4289 1073
4290 00:43:05,369 ~-~-> 00:43:07,289
4291 day. But if you're not able to do that
4292
4293 1074
4294 00:43:07,289 ~-~-> 00:43:09,059
4295 be in front of the charts every single
4296
4297 1075
4298 00:43:09,059 ~-~-> 00:43:11,849
4299 day. By using these types of levels and
4300
4301 1076
4302 00:43:11,849 ~-~-> 00:43:13,439
4303 looking at the higher monthly, weekly
4304
4305 1077
4306 00:43:13,439 ~-~-> 00:43:15,119
4307 and daily, you'll find trade setups,
4308
4309 1078
4310 00:43:15,119 ~-~-> 00:43:19,319
4311 they'll be there. The the ability to, to
4312
4313 1079
4314 00:43:19,349 ~-~-> 00:43:22,439
4315 remove the uncertainty or the emotional
4316
4317 1080
4318 00:43:22,439 ~-~-> 00:43:24,779
4319 charge that comes with how many levels
4320
4321 1081
4322 00:43:24,839 ~-~-> 00:43:26,009
4323 you know, how many lines should I have
4324
4325 1082
4326 00:43:26,009 ~-~-> 00:43:27,749
4327 on my chart and what take all that out
4328
4329 1083
4330 00:43:27,749 ~-~-> 00:43:29,279
4331 of the equation and just simply say,
4332
4333 1084
4334 00:43:29,279 ~-~-> 00:43:30,389
4335 Okay, I'm gonna be looking at the big
4336
4337 1085
4338 00:43:30,389 ~-~-> 00:43:33,269
4339 figures, 00 levels, the mid figures to
4340
4341 1086
4342 00:43:33,269 ~-~-> 00:43:35,879
4343 50 levels, to 80 levels and the 20
4344
4345 1087
4346 00:43:35,879 ~-~-> 00:43:37,679
4347 levels. And the reason why these levels
4348
4349 1088
4350 00:43:37,679 ~-~-> 00:43:40,469
4351 are so significant is because
4352
4353 1089
4354 00:43:40,709 ~-~-> 00:43:43,979
4355 institutional traders, many times their
4356
4357 1090
4358 00:43:43,979 ~-~-> 00:43:46,949
4359 order blocks are around these particular
4360
4361 1091
4362 00:43:46,949 ~-~-> 00:43:49,499
4363 price levels. That's why it's uncanny
4364
4365 1092
4366 00:43:49,499 ~-~-> 00:43:51,029
4367 how price goes to these particular
4368
4369 1093
4370 00:43:51,029 ~-~-> 00:43:55,829
4371 levels. The The, the banks are taking
4372
4373 1094
4374 00:43:56,099 ~-~-> 00:43:59,489
4375 action and providing liquidity for
4376
4377 1095
4378 00:43:59,489 ~-~-> 00:44:03,719
4379 traders At these price points, Citi Bank
4380
4381 1096
4382 00:44:03,719 ~-~-> 00:44:05,549
4383 is not having a trade out there with
4384
4385 1097
4386 00:44:05,549 ~-~-> 00:44:08,639
4387 159 17. That's not their order. That's
4388
4389 1098
4390 00:44:08,639 ~-~-> 00:44:10,739
4391 not that that's not their block. Okay?
4392
4393 1099
4394 00:44:10,949 ~-~-> 00:44:13,769
4395 They will have 159 20, they will have
4396
4397 1100
4398 00:44:13,769 ~-~-> 00:44:16,199
4399 159 evens, they won't, they will have
4400
4401 1101
4402 00:44:16,199 ~-~-> 00:44:20,729
4403 159 50. Okay, those levels are why many
4404
4405 1102
4406 00:44:20,729 ~-~-> 00:44:22,259
4407 times you'll see what you think is the
4408
4409 1103
4410 00:44:22,259 ~-~-> 00:44:23,699
4411 short term support resistance level that
4412
4413 1104
4414 00:44:23,699 ~-~-> 00:44:26,459
4415 may be at a weird off the wall number.
4416
4417 1105
4418 00:44:26,819 ~-~-> 00:44:28,409
4419 Many times price will go beyond that
4420
4421 1106
4422 00:44:28,409 ~-~-> 00:44:29,909
4423 despite a little bit but go right to one
4424
4425 1107
4426 00:44:29,909 ~-~-> 00:44:31,619
4427 of these levels and then turn around go
4428
4429 1108
4430 00:44:31,619 ~-~-> 00:44:33,149
4431 the other way. But if you're just
4432
4433 1109
4434 00:44:33,149 ~-~-> 00:44:34,529
4435 looking at what you think as a short
4436
4437 1110
4438 00:44:34,529 ~-~-> 00:44:38,099
4439 term, support resistance level, it may
4440
4441 1111
4442 00:44:38,099 ~-~-> 00:44:40,469
4443 not be enough. Okay, so for now, just
4444
4445 1112
4446 00:44:40,469 ~-~-> 00:44:41,909
4447 understand that these levels are very,
4448
4449 1113
4450 00:44:41,909 ~-~-> 00:44:44,819
4451 very psychologically sensitive, okay?
4452
4453 1114
4454 00:44:44,819 ~-~-> 00:44:47,339
4455 Because there's a real world business
4456
4457 1115
4458 00:44:47,339 ~-~-> 00:44:49,379
4459 need, okay, that's facilitated around
4460
4461 1116
4462 00:44:49,379 ~-~-> 00:44:50,579
4463 these price levels, and it's based on
4464
4465 1117
4466 00:44:50,579 ~-~-> 00:44:53,699
4467 institutional trading. We're gonna talk
4468
4469 1118
4470 00:44:53,699 ~-~-> 00:44:55,619
4471 a little bit more obviously, as we go
4472
4473 1119
4474 00:44:55,619 ~-~-> 00:44:57,239
4475 further about supporting systems but
4476
4477 1120
4478 00:44:57,239 ~-~-> 00:44:59,429
4479 right now, you absolutely have no excuse
4480
4481 1121
4482 00:44:59,429 ~-~-> 00:45:02,909
4483 now. Zero excuses why you can't have
4484
4485 1122
4486 00:45:02,939 ~-~-> 00:45:05,429
4487 your charts properly lined up for
4488
4489 1123
4490 00:45:05,429 ~-~-> 00:45:08,759
4491 support resistance scenarios. There's a
4492
4493 1124
4494 00:45:08,759 ~-~-> 00:45:11,549
4495 lot of types of support resistance that
4496
4497 1125
4498 00:45:11,549 ~-~-> 00:45:13,829
4499 are made available to you. And when
4500
4501 1126
4502 00:45:13,829 ~-~-> 00:45:16,139
4503 price gets these price levels, what
4504
4505 1127
4506 00:45:16,139 ~-~-> 00:45:17,309
4507 you're going to be looking for is your
4508
4509 1128
4510 00:45:17,309 ~-~-> 00:45:20,129
4511 pattern. You may be simply a overbought
4512
4513 1129
4514 00:45:20,159 ~-~-> 00:45:22,859
4515 divergence trader. But if you trade up
4516
4517 1130
4518 00:45:22,859 ~-~-> 00:45:25,049
4519 into a resistance level based on the way
4520
4521 1131
4522 00:45:25,049 ~-~-> 00:45:27,029
4523 we defined it in the previous slides
4524
4525 1132
4526 00:45:27,029 ~-~-> 00:45:30,869
4527 here, that okay is going to be the
4528
4529 1133
4530 00:45:30,869 ~-~-> 00:45:33,869
4531 framework for you to engage price to get
4532
4533 1134
4534 00:45:33,869 ~-~-> 00:45:35,969
4535 an experience with price of
4536
4537 1135
4538 00:45:35,969 ~-~-> 00:45:38,339
4539 understanding how price reacts at these
4540
4541 1136
4542 00:45:38,339 ~-~-> 00:45:40,439
4543 levels. Looking at how your indicator
4544
4545 1137
4546 00:45:40,439 ~-~-> 00:45:43,109
4547 based analysis works and or doesn't
4548
4549 1138
4550 00:45:43,109 ~-~-> 00:45:45,599
4551 work, you're going to hone your
4552
4553 1139
4554 00:45:45,599 ~-~-> 00:45:47,759
4555 anticipatory skills. And again, it's not
4556
4557 1140
4558 00:45:47,759 ~-~-> 00:45:49,469
4559 important that you make money initially,
4560
4561 1141
4562 00:45:49,499 ~-~-> 00:45:52,949
4563 you want to learn how price behaves when
4564
4565 1142
4566 00:45:52,949 ~-~-> 00:45:55,139
4567 price gets to these levels. Many times
4568
4569 1143
4570 00:45:55,139 ~-~-> 00:45:56,639
4571 you're going to think that price should
4572
4573 1144
4574 00:45:56,639 ~-~-> 00:45:58,439
4575 absolutely turn on a dime and it won't
4576
4577 1145
4578 00:45:58,439 ~-~-> 00:45:59,729
4579 do it it'll go through and blow through
4580
4581 1146
4582 00:45:59,729 ~-~-> 00:46:02,069
4583 it actually Like, you'll learn more from
4584
4585 1147
4586 00:46:02,069 ~-~-> 00:46:03,959
4587 those environments than you will from
4588
4589 1148
4590 00:46:03,959 ~-~-> 00:46:05,909
4591 when the trades actually work out. Okay,
4592
4593 1149
4594 00:46:05,909 ~-~-> 00:46:09,989
4595 and it sounds like an oxymoron. But you
4596
4597 1150
4598 00:46:09,989 ~-~-> 00:46:12,659
4599 really do learn from the times that it
4600
4601 1151
4602 00:46:12,659 ~-~-> 00:46:14,279
4603 doesn't work out for you. And what it
4604
4605 1152
4606 00:46:14,279 ~-~-> 00:46:17,309
4607 does is also desensitize you, okay, from
4608
4609 1153
4610 00:46:17,309 ~-~-> 00:46:20,759
4611 when you see it not working. And then
4612
4613 1154
4614 00:46:20,759 ~-~-> 00:46:21,929
4615 when you actually eventually start
4616
4617 1155
4618 00:46:21,929 ~-~-> 00:46:23,519
4619 trading with real money and trading with
4620
4621 1156
4622 00:46:23,519 ~-~-> 00:46:27,269
4623 live funds, you'll understand that your
4624
4625 1157
4626 00:46:27,269 ~-~-> 00:46:29,519
4627 trade simply because it's worked eight
4628
4629 1158
4630 00:46:29,519 ~-~-> 00:46:32,639
4631 times over the last, you know, 10, it
4632
4633 1159
4634 00:46:32,639 ~-~-> 00:46:34,589
4635 doesn't always equate to 80% accuracy,
4636
4637 1160
4638 00:46:34,679 ~-~-> 00:46:36,989
4639 you're going to have that future
4640
4641 1161
4642 00:46:37,049 ~-~-> 00:46:40,139
4643 existence of a string of losses, okay,
4644
4645 1162
4646 00:46:40,139 ~-~-> 00:46:43,139
4647 and it doesn't make a difference how,
4648
4649 1163
4650 00:46:43,619 ~-~-> 00:46:45,179
4651 and that's why I don't like to preach
4652
4653 1164
4654 00:46:45,179 ~-~-> 00:46:47,069
4655 too hard about consistency in terms of
4656
4657 1165
4658 00:46:47,069 ~-~-> 00:46:48,419
4659 percentage, because it doesn't make any
4660
4661 1166
4662 00:46:48,419 ~-~-> 00:46:50,489
4663 difference. You can make an extremely
4664
4665 1167
4666 00:46:50,489 ~-~-> 00:46:54,059
4667 large amount of money and be 40%
4668
4669 1168
4670 00:46:54,059 ~-~-> 00:46:56,669
4671 profitable. You can have a win rate of
4672
4673 1169
4674 00:46:56,669 ~-~-> 00:46:59,279
4675 30% 30%
4676
4677 1170
4678 00:46:59,340 ~-~-> 00:47:01,980
4679 of the time. And make millions and
4680
4681 1171
4682 00:47:01,980 ~-~-> 00:47:04,110
4683 millions and millions of dollars. Now,
4684
4685 1172
4686 00:47:04,620 ~-~-> 00:47:06,600
4687 fortunately, I've, I've traded with a
4688
4689 1173
4690 00:47:06,600 ~-~-> 00:47:08,220
4691 lot higher percentage of that,
4692
4693 1174
4694 00:47:08,250 ~-~-> 00:47:09,450
4695 obviously, I've been trading for two
4696
4697 1175
4698 00:47:09,450 ~-~-> 00:47:12,060
4699 decades. But you don't need a higher
4700
4701 1176
4702 00:47:12,060 ~-~-> 00:47:14,040
4703 percentage rate. Okay to make a lot of
4704
4705 1177
4706 00:47:14,040 ~-~-> 00:47:17,190
4707 money, you need to have a consistency
4708
4709 1178
4710 00:47:17,250 ~-~-> 00:47:19,530
4711 rate that's high, okay, of doing the
4712
4713 1179
4714 00:47:19,530 ~-~-> 00:47:21,150
4715 same thing over and over and over again.
4716
4717 1180
4718 00:47:21,300 ~-~-> 00:47:23,640
4719 But in time, you'll have a selective
4720
4721 1181
4722 00:47:23,640 ~-~-> 00:47:26,490
4723 process that will, yes, your quote
4724
4725 1182
4726 00:47:26,490 ~-~-> 00:47:28,020
4727 unquote method or system says there's a
4728
4729 1183
4730 00:47:28,020 ~-~-> 00:47:30,090
4731 likely trade sitting there. But you'll
4732
4733 1184
4734 00:47:30,090 ~-~-> 00:47:32,460
4735 also have a worldly knowledge that says,
4736
4737 1185
4738 00:47:32,460 ~-~-> 00:47:35,190
4739 You know what, it looks like it, but I'm
4740
4741 1186
4742 00:47:35,190 ~-~-> 00:47:37,860
4743 going to wait for the next scenario that
4744
4745 1187
4746 00:47:37,860 ~-~-> 00:47:40,560
4747 does this or that, okay. And that might
4748
4749 1188
4750 00:47:40,560 ~-~-> 00:47:42,510
4751 fly again in the face of those that are
4752
4753 1189
4754 00:47:42,510 ~-~-> 00:47:44,340
4755 out there saying, well, that's wrong,
4756
4757 1190
4758 00:47:44,340 ~-~-> 00:47:45,360
4759 because you need to take every single
4760
4761 1191
4762 00:47:45,360 ~-~-> 00:47:47,970
4763 thing and it's like this. I've been
4764
4765 1192
4766 00:47:47,970 ~-~-> 00:47:50,220
4767 doing for two decades, and I made a lot
4768
4769 1193
4770 00:47:50,220 ~-~-> 00:47:51,900
4771 of money, an obscene amount of money,
4772
4773 1194
4774 00:47:51,930 ~-~-> 00:47:54,960
4775 and I'm telling you what works and 90%
4776
4777 1195
4778 00:47:54,960 ~-~-> 00:47:56,430
4779 of everything I'm telling you isn't in
4780
4781 1196
4782 00:47:56,430 ~-~-> 00:47:58,980
4783 books, that tells you something. If
4784
4785 1197
4786 00:47:58,980 ~-~-> 00:48:00,960
4787 you're if the guy are selling these
4788
4789 1198
4790 00:48:00,990 ~-~-> 00:48:02,790
4791 methods and systems and courses and
4792
4793 1199
4794 00:48:02,790 ~-~-> 00:48:04,440
4795 stuff tell you, you have to take every
4796
4797 1200
4798 00:48:04,440 ~-~-> 00:48:06,600
4799 signal, or you're gonna miss that next
4800
4801 1201
4802 00:48:06,600 ~-~-> 00:48:08,220
4803 winning trade, I get enough winning
4804
4805 1202
4806 00:48:08,220 ~-~-> 00:48:09,870
4807 trades. And my losses are small enough
4808
4809 1203
4810 00:48:09,870 ~-~-> 00:48:12,090
4811 that I don't care about missing the ones
4812
4813 1204
4814 00:48:12,090 ~-~-> 00:48:14,010
4815 that I didn't take and still panning
4816
4817 1205
4818 00:48:14,010 ~-~-> 00:48:15,870
4819 out, I don't care about them. Because
4820
4821 1206
4822 00:48:15,870 ~-~-> 00:48:17,520
4823 you're gonna see that there's a generic
4824
4825 1207
4826 00:48:17,730 ~-~-> 00:48:20,730
4827 method of trading, that you're going to
4828
4829 1208
4830 00:48:20,730 ~-~-> 00:48:22,110
4831 be in line with a professional
4832
4833 1209
4834 00:48:22,110 ~-~-> 00:48:25,170
4835 perspective. And by default, you will
4836
4837 1210
4838 00:48:25,170 ~-~-> 00:48:27,390
4839 see money move into your account. Think
4840
4841 1211
4842 00:48:27,390 ~-~-> 00:48:30,600
4843 about that, by default by no effort of
4844
4845 1212
4846 00:48:30,600 ~-~-> 00:48:33,000
4847 your own, okay, except for the execution
4848
4849 1213
4850 00:48:33,000 ~-~-> 00:48:35,430
4851 of your orders. There's going to be no
4852
4853 1214
4854 00:48:35,460 ~-~-> 00:48:38,250
4855 effort of your own that results in you
4856
4857 1215
4858 00:48:38,250 ~-~-> 00:48:41,250
4859 making that money. See the guys that do
4860
4861 1216
4862 00:48:41,250 ~-~-> 00:48:44,760
4863 the system. You beat your chest and you
4864
4865 1217
4866 00:48:44,760 ~-~-> 00:48:46,260
4867 have to take every single signal, okay,
4868
4869 1218
4870 00:48:46,260 ~-~-> 00:48:48,090
4871 or you're not following the system. I'm
4872
4873 1219
4874 00:48:48,090 ~-~-> 00:48:50,010
4875 following my system. I'm following my
4876
4877 1220
4878 00:48:50,010 ~-~-> 00:48:52,350
4879 method. It's discretionary. And that's
4880
4881 1221
4882 00:48:52,380 ~-~-> 00:48:54,600
4883 the people that make money. If you look
4884
4885 1222
4886 00:48:54,600 ~-~-> 00:48:56,460
4887 at system traders, they trade every
4888
4889 1223
4890 00:48:56,460 ~-~-> 00:48:58,470
4891 single trade. That's why their
4892
4893 1224
4894 00:48:58,470 ~-~-> 00:49:01,290
4895 percentage is Hurt, because they take
4896
4897 1225
4898 00:49:01,320 ~-~-> 00:49:05,760
4899 every single trade, they don't learn to
4900
4901 1226
4902 00:49:05,790 ~-~-> 00:49:08,400
4903 anticipate when price action is really
4904
4905 1227
4906 00:49:08,400 ~-~-> 00:49:11,220
4907 favored to move in a specific direction
4908
4909 1228
4910 00:49:11,220 ~-~-> 00:49:13,740
4911 or another, okay? And it comes with the
4912
4913 1229
4914 00:49:13,740 ~-~-> 00:49:16,830
4915 understanding of market tone, or risk on
4916
4917 1230
4918 00:49:16,830 ~-~-> 00:49:18,630
4919 risk off scenario. Okay, understanding
4920
4921 1231
4922 00:49:18,660 ~-~-> 00:49:20,850
4923 what the general markets doing, okay,
4924
4925 1232
4926 00:49:20,850 ~-~-> 00:49:27,750
4927 and they get too much complacency, okay
4928
4929 1233
4930 00:49:27,780 ~-~-> 00:49:30,870
4931 about trusting the system and not
4932
4933 1234
4934 00:49:31,410 ~-~-> 00:49:35,790
4935 learning to be a very sensitive price
4936
4937 1235
4938 00:49:35,790 ~-~-> 00:49:38,340
4939 action trader, I can see many times
4940
4941 1236
4942 00:49:38,700 ~-~-> 00:49:40,770
4943 turns in the market tied before they
4944
4945 1237
4946 00:49:40,770 ~-~-> 00:49:42,840
4947 actually are clearly discernible on the
4948
4949 1238
4950 00:49:42,840 ~-~-> 00:49:45,960
4951 chart. And when I sit with people in
4952
4953 1239
4954 00:49:45,960 ~-~-> 00:49:48,330
4955 live sessions, and they see that it's it
4956
4957 1240
4958 00:49:48,330 ~-~-> 00:49:51,090
4959 blows them away, because I'm not relying
4960
4961 1241
4962 00:49:51,090 ~-~-> 00:49:52,770
4963 on anything outside of my own
4964
4965 1242
4966 00:49:52,770 ~-~-> 00:49:54,810
4967 understanding of price action. And it's
4968
4969 1243
4970 00:49:54,810 ~-~-> 00:49:56,310
4971 not going to be found in books. You're
4972
4973 1244
4974 00:49:56,310 ~-~-> 00:49:58,050
4975 not going to get that but you will get
4976
4977 1245
4978 00:49:58,050 ~-~-> 00:49:59,190
4979 it by using these things that we're
4980
4981 1246
4982 00:49:59,190 ~-~-> 00:50:02,130
4983 teaching in these videos, buy skill sets
4984
4985 1247
4986 00:50:02,130 ~-~-> 00:50:04,830
4987 and URLs and exercises that force you to
4988
4989 1248
4990 00:50:04,830 ~-~-> 00:50:08,490
4991 look at price with very specific laser
4992
4993 1249
4994 00:50:08,490 ~-~-> 00:50:10,590
4995 guided perspectives, okay, specific
4996
4997 1250
4998 00:50:10,590 ~-~-> 00:50:12,570
4999 segments of price action certain times
5000
5001 1251
5002 00:50:12,570 ~-~-> 00:50:14,220
5003 of the day, certain times of the year,
5004
5005 1252
5006 00:50:14,220 ~-~-> 00:50:16,470
5007 certain specific months, okay? There's
5008
5009 1253
5010 00:50:16,470 ~-~-> 00:50:18,690
5011 the thing that, you know, that repeats
5012
5013 1254
5014 00:50:18,690 ~-~-> 00:50:20,580
5015 itself over and over and over again, but
5016
5017 1255
5018 00:50:20,580 ~-~-> 00:50:24,270
5019 systems don't see that. Okay? EAS don't
5020
5021 1256
5022 00:50:24,270 ~-~-> 00:50:26,040
5023 see that. They just want to catch the
5024
5025 1257
5026 00:50:26,040 ~-~-> 00:50:29,040
5027 next minor aberration in price and I
5028
5029 1258
5030 00:50:29,040 ~-~-> 00:50:30,960
5031 don't care about that. I want to see
5032
5033 1259
5034 00:50:30,960 ~-~-> 00:50:35,820
5035 when, you know, UBS is coming in with a
5036
5037 1260
5038 00:50:35,820 ~-~-> 00:50:37,950
5039 large block of orders. Okay. That's what
5040
5041 1261
5042 00:50:37,950 ~-~-> 00:50:39,720
5043 I want to see. And that that's what
5044
5045 1262
5046 00:50:39,750 ~-~-> 00:50:41,760
5047 that's what moves price, huge
5048
5049 1263
5050 00:50:41,760 ~-~-> 00:50:44,730
5051 institutional order flow, not rinky dink
5052
5053 1264
5054 00:50:44,730 ~-~-> 00:50:46,890
5055 little indicator based EA stuff. Okay,
5056
5057 1265
5058 00:50:46,890 ~-~-> 00:50:48,570
5059 that doesn't make any sense whatsoever.
5060
5061 1266
5062 00:50:48,570 ~-~-> 00:50:50,160
5063 It's mathematically derived. And I had
5064
5065 1267
5066 00:50:50,160 ~-~-> 00:50:52,410
5067 no faith in all that stuff. I do have
5068
5069 1268
5070 00:50:52,410 ~-~-> 00:50:53,910
5071 faith and understanding what price has
5072
5073 1269
5074 00:50:53,910 ~-~-> 00:50:56,250
5075 done on the left side of my chart, and
5076
5077 1270
5078 00:50:56,250 ~-~-> 00:50:57,750
5079 what that indicates in terms of
5080
5081 1271
5082 00:50:57,750 ~-~-> 00:50:59,070
5083 institutional sponsorship, when you
5084
5085 1272
5086 00:50:59,070 ~-~-> 00:51:01,500
5087 understand that Everything else is
5088
5089 1273
5090 00:51:01,500 ~-~-> 00:51:03,030
5091 secondary. You want to have
5092
5093 1274
5094 00:51:03,030 ~-~-> 00:51:04,140
5095 institutional sponsorship in your
5096
5097 1275
5098 00:51:04,140 ~-~-> 00:51:05,340
5099 trading. And what we're gonna be
5100
5101 1276
5102 00:51:05,340 ~-~-> 00:51:07,560
5103 covering in here will help you do that
5104
5105 1277
5106 00:51:07,560 ~-~-> 00:51:08,040
5107 as well.
5108
5109 1278
5110 00:51:15,719 ~-~-> 00:51:17,309
5111 Alright guys, we're gonna be talking
5112
5113 1279
5114 00:51:17,309 ~-~-> 00:51:19,979
5115 about the CO t analysis concept, okay or
5116
5117 1280
5118 00:51:20,159 ~-~-> 00:51:22,439
5119 Commitment of Traders. Now, before I get
5120
5121 1281
5122 00:51:22,439 ~-~-> 00:51:25,589
5123 into this, you got to understand that a
5124
5125 1282
5126 00:51:25,589 ~-~-> 00:51:28,289
5127 lot of the stuff that I teach, okay, of
5128
5129 1283
5130 00:51:28,289 ~-~-> 00:51:30,539
5131 core principles that I have actually
5132
5133 1284
5134 00:51:30,539 ~-~-> 00:51:32,639
5135 derived from Larry Williams, and he's
5136
5137 1285
5138 00:51:32,639 ~-~-> 00:51:34,649
5139 obviously, you know, pretty well known
5140
5141 1286
5142 00:51:34,649 ~-~-> 00:51:37,799
5143 guy around the world. It's interesting
5144
5145 1287
5146 00:51:37,799 ~-~-> 00:51:40,079
5147 that if you research him, he's actually
5148
5149 1288
5150 00:51:40,079 ~-~-> 00:51:42,119
5151 on YouTube and in a couple different
5152
5153 1289
5154 00:51:42,119 ~-~-> 00:51:43,919
5155 videos, not that he published them other
5156
5157 1290
5158 00:51:43,919 ~-~-> 00:51:46,919
5159 people were like sharing them, but he
5160
5161 1291
5162 00:51:46,919 ~-~-> 00:51:49,139
5163 was doing a keynote speaker speaking
5164
5165 1292
5166 00:51:49,139 ~-~-> 00:51:50,879
5167 engagement where he was talking to
5168
5169 1293
5170 00:51:50,939 ~-~-> 00:51:52,559
5171 individual about specific types of
5172
5173 1294
5174 00:51:52,559 ~-~-> 00:51:54,599
5175 trading and asset classes and such and
5176
5177 1295
5178 00:51:54,599 ~-~-> 00:51:56,519
5179 how he's settled on futures and I used
5180
5181 1296
5182 00:51:56,519 ~-~-> 00:51:58,559
5183 to be a futures trader, but I segwayed
5184
5185 1297
5186 00:51:58,589 ~-~-> 00:51:59,969
5187 out of futures and moved into forex.
5188
5189 1298
5190 00:51:59,999 ~-~-> 00:52:01,499
5191 Because I do believe it's the best asset
5192
5193 1299
5194 00:52:01,499 ~-~-> 00:52:03,899
5195 class right now. It could change because
5196
5197 1300
5198 00:52:03,899 ~-~-> 00:52:05,279
5199 of things down the road we all know
5200
5201 1301
5202 00:52:05,279 ~-~-> 00:52:07,109
5203 about but as of right now, I think for
5204
5205 1302
5206 00:52:07,109 ~-~-> 00:52:09,749
5207 us, it's because you can tailor risk
5208
5209 1303
5210 00:52:09,779 ~-~-> 00:52:12,269
5211 parameters like no other. You can't You
5212
5213 1304
5214 00:52:12,269 ~-~-> 00:52:13,799
5215 can't do this in stocks. You can't do it
5216
5217 1305
5218 00:52:13,799 ~-~-> 00:52:16,049
5219 in, in commodities, because commodities
5220
5221 1306
5222 00:52:16,049 ~-~-> 00:52:18,449
5223 you have specific asset, I'm sorry, you
5224
5225 1307
5226 00:52:18,449 ~-~-> 00:52:20,519
5227 have specific contract specifications
5228
5229 1308
5230 00:52:20,519 ~-~-> 00:52:22,469
5231 that you have to work with. In forex,
5232
5233 1309
5234 00:52:22,469 ~-~-> 00:52:24,659
5235 you can trade for as little as one cent
5236
5237 1310
5238 00:52:24,659 ~-~-> 00:52:26,429
5239 per Pip. And not that you could do a
5240
5241 1311
5242 00:52:26,429 ~-~-> 00:52:28,079
5243 whole lot with that. But as a developing
5244
5245 1312
5246 00:52:28,079 ~-~-> 00:52:29,129
5247 learning trader, that's a wonderful
5248
5249 1313
5250 00:52:29,129 ~-~-> 00:52:32,609
5251 thing. And you can't learn outside of
5252
5253 1314
5254 00:52:32,609 ~-~-> 00:52:34,379
5255 paper trading the commodity market, you
5256
5257 1315
5258 00:52:34,379 ~-~-> 00:52:37,019
5259 know, without trading a medium contract,
5260
5261 1316
5262 00:52:37,169 ~-~-> 00:52:38,729
5263 you're starting to trade in a full lot
5264
5265 1317
5266 00:52:38,729 ~-~-> 00:52:41,069
5267 or a half a lot. And if you don't have
5268
5269 1318
5270 00:52:41,069 ~-~-> 00:52:42,539
5271 the capital to be able to do that,
5272
5273 1319
5274 00:52:42,569 ~-~-> 00:52:46,739
5275 you're pretty much out of the game. He
5276
5277 1320
5278 00:52:46,859 ~-~-> 00:52:48,899
5279 I'm referring to Larry Williams, he was
5280
5281 1321
5282 00:52:48,899 ~-~-> 00:52:53,579
5283 the probably the first person on the
5284
5285 1322
5286 00:52:53,579 ~-~-> 00:52:56,069
5287 planet that put Commitment of Traders on
5288
5289 1323
5290 00:52:56,099 ~-~-> 00:52:58,349
5291 the map, okay, and why it's important
5292
5293 1324
5294 00:52:58,469 ~-~-> 00:53:03,479
5295 and the CFT See, requires the large
5296
5297 1325
5298 00:53:03,479 ~-~-> 00:53:05,489
5299 traders that have reportable sizes in
5300
5301 1326
5302 00:53:05,489 ~-~-> 00:53:07,799
5303 their trading. They have to on a weekly
5304
5305 1327
5306 00:53:07,799 ~-~-> 00:53:10,829
5307 basis now divulge, you know whether
5308
5309 1328
5310 00:53:10,829 ~-~-> 00:53:12,509
5311 they're buying or selling on a net
5312
5313 1329
5314 00:53:12,509 ~-~-> 00:53:15,389
5315 basis. And that's a wonderful insight to
5316
5317 1330
5318 00:53:15,389 ~-~-> 00:53:17,249
5319 have. And I hope they never change that
5320
5321 1331
5322 00:53:17,279 ~-~-> 00:53:19,829
5323 transparency, because it gives us an X
5324
5325 1332
5326 00:53:19,829 ~-~-> 00:53:21,719
5327 ray view of real institutional
5328
5329 1333
5330 00:53:21,719 ~-~-> 00:53:25,889
5331 sponsorship on a macro level. And what
5332
5333 1334
5334 00:53:25,889 ~-~-> 00:53:27,299
5335 you're going to see here as it relates
5336
5337 1335
5338 00:53:27,299 ~-~-> 00:53:29,159
5339 to commitment traders is nothing more
5340
5341 1336
5342 00:53:29,159 ~-~-> 00:53:32,039
5343 than what I learned back in 1990s. From
5344
5345 1337
5346 00:53:32,039 ~-~-> 00:53:35,189
5347 Larry Williams, okay, and it's still
5348
5349 1338
5350 00:53:35,309 ~-~-> 00:53:37,349
5351 wonderful. He was using the same stuff
5352
5353 1339
5354 00:53:37,349 ~-~-> 00:53:39,209
5355 in in the in the 1970s and made millions
5356
5357 1340
5358 00:53:39,209 ~-~-> 00:53:40,829
5359 of dollars doing it then and and stuff
5360
5361 1341
5362 00:53:40,829 ~-~-> 00:53:41,849
5363 still works and makes millions of
5364
5365 1342
5366 00:53:41,849 ~-~-> 00:53:44,129
5367 dollars now. So if you haven't
5368
5369 1343
5370 00:53:44,129 ~-~-> 00:53:46,169
5371 considered the commitment traders, and
5372
5373 1344
5374 00:53:46,169 ~-~-> 00:53:48,869
5375 your forex trader, you're pretty much
5376
5377 1345
5378 00:53:48,899 ~-~-> 00:53:50,099
5379 cheating yourself because it's a
5380
5381 1346
5382 00:53:50,129 ~-~-> 00:53:53,369
5383 wonderful resource to have. But what is
5384
5385 1347
5386 00:53:53,369 ~-~-> 00:53:54,899
5387 commitment traders and really what it
5388
5389 1348
5390 00:53:54,899 ~-~-> 00:53:57,779
5391 is, is you're looking at three groups.
5392
5393 1349
5394 00:53:57,899 ~-~-> 00:53:59,609
5395 Okay, three groups of traders. You have
5396
5397 1350
5398 00:53:59,609 ~-~-> 00:54:00,929
5399 the smallest speculators, which is kind
5400
5401 1351
5402 00:54:00,929 ~-~-> 00:54:03,239
5403 of like us, you know, we're people that
5404
5405 1352
5406 00:54:03,599 ~-~-> 00:54:05,939
5407 aren't trading with a astronomical level
5408
5409 1353
5410 00:54:05,939 ~-~-> 00:54:09,089
5411 of, you know, contracts in the futures
5412
5413 1354
5414 00:54:09,089 ~-~-> 00:54:11,549
5415 market. Obviously, most of you if not
5416
5417 1355
5418 00:54:11,579 ~-~-> 00:54:13,109
5419 all of you are watching this. You're a
5420
5421 1356
5422 00:54:13,109 ~-~-> 00:54:15,959
5423 forex traders. And we don't trade in
5424
5425 1357
5426 00:54:16,529 ~-~-> 00:54:20,669
5427 contracts, we trade in lots. We would
5428
5429 1358
5430 00:54:20,669 ~-~-> 00:54:22,079
5431 still be grouped in what we considered
5432
5433 1359
5434 00:54:22,079 ~-~-> 00:54:24,539
5435 the small speculators category. There's
5436
5437 1360
5438 00:54:24,539 ~-~-> 00:54:26,489
5439 a second group called the large
5440
5441 1361
5442 00:54:26,489 ~-~-> 00:54:27,839
5443 speculators and they're usually the
5444
5445 1362
5446 00:54:27,839 ~-~-> 00:54:32,309
5447 large hedge fund traders, okay. and nine
5448
5449 1363
5450 00:54:32,309 ~-~-> 00:54:33,809
5451 times out of time, they're right in the
5452
5453 1364
5454 00:54:33,809 ~-~-> 00:54:35,999
5455 trending environment. Okay. Where they
5456
5457 1365
5458 00:54:35,999 ~-~-> 00:54:38,489
5459 get hurt is when the trend reverses and
5460
5461 1366
5462 00:54:38,489 ~-~-> 00:54:40,259
5463 goes the other way, and that's okay.
5464
5465 1367
5466 00:54:40,289 ~-~-> 00:54:42,689
5467 they're okay with taking that they.
5468
5469 1368
5470 00:54:43,829 ~-~-> 00:54:45,959
5471 Institutional funds are predominantly
5472
5473 1369
5474 00:54:46,079 ~-~-> 00:54:47,309
5475 trend following in nature, they're
5476
5477 1370
5478 00:54:47,309 ~-~-> 00:54:50,069
5479 momentum type traders. They understand
5480
5481 1371
5482 00:54:50,099 ~-~-> 00:54:52,889
5483 the the large Evan flow on the macro
5484
5485 1372
5486 00:54:52,889 ~-~-> 00:54:54,449
5487 level, and they're able to ride that
5488
5489 1373
5490 00:54:54,449 ~-~-> 00:54:56,879
5491 stuff out because of their risk
5492
5493 1374
5494 00:54:56,879 ~-~-> 00:54:58,829
5495 parameters and their risk new models
5496
5497 1375
5498 00:54:58,829 ~-~-> 00:55:00,599
5499 that are in adopted. for that type of
5500
5501 1376
5502 00:55:00,599 ~-~-> 00:55:03,659
5503 trading, the third category of traders
5504
5505 1377
5506 00:55:03,659 ~-~-> 00:55:05,729
5507 for the commitment traders, data is the
5508
5509 1378
5510 00:55:05,729 ~-~-> 00:55:07,769
5511 commercials. Now the commercials are
5512
5513 1379
5514 00:55:07,979 ~-~-> 00:55:10,469
5515 grouped into categories you have a
5516
5517 1380
5518 00:55:11,099 ~-~-> 00:55:14,129
5519 commercial user, and you have a
5520
5521 1381
5522 00:55:14,129 ~-~-> 00:55:17,039
5523 commercial supplier. Okay, in a perfect
5524
5525 1382
5526 00:55:17,039 ~-~-> 00:55:20,969
5527 example that would be like cocoa, cocoa
5528
5529 1383
5530 00:55:21,389 ~-~-> 00:55:23,909
5531 is used to make chocolate, and there are
5532
5533 1384
5534 00:55:23,939 ~-~-> 00:55:28,049
5535 mass commercial growers of cocoa. And
5536
5537 1385
5538 00:55:28,049 ~-~-> 00:55:30,209
5539 then there's mass corporate users of
5540
5541 1386
5542 00:55:30,209 ~-~-> 00:55:33,419
5543 cocoa like Hershey and Nestle. And, you
5544
5545 1387
5546 00:55:33,419 ~-~-> 00:55:35,759
5547 know, anything else that would be you
5548
5549 1388
5550 00:55:35,759 ~-~-> 00:55:37,709
5551 know, a large commercial entity that
5552
5553 1389
5554 00:55:37,709 ~-~-> 00:55:41,459
5555 uses cocoa for chocolate producing they
5556
5557 1390
5558 00:55:41,459 ~-~-> 00:55:44,249
5559 have a real close ties to fundamental
5560
5561 1391
5562 00:55:44,249 ~-~-> 00:55:46,049
5563 supply and demand factors as it relates
5564
5565 1392
5566 00:55:46,049 ~-~-> 00:55:49,679
5567 to cocoa. Okay, and don't let me confuse
5568
5569 1393
5570 00:55:49,679 ~-~-> 00:55:50,819
5571 you. We're not talking about commodity
5572
5573 1394
5574 00:55:50,819 ~-~-> 00:55:53,099
5575 markets is you know, that's a soft but
5576
5577 1395
5578 00:55:53,099 ~-~-> 00:55:54,509
5579 we're going to talk about that
5580
5581 1396
5582 00:55:55,530 ~-~-> 00:55:57,630
5583 in the supply and demand equation and
5584
5585 1397
5586 00:55:57,630 ~-~-> 00:56:00,000
5587 how it's discernible through the
5588
5589 1398
5590 00:56:00,000 ~-~-> 00:56:02,940
5591 utilization of the co2 data, deep
5592
5593 1399
5594 00:56:03,000 ~-~-> 00:56:04,440
5595 commercial traders, whether they're
5596
5597 1400
5598 00:56:04,440 ~-~-> 00:56:07,410
5599 either a supplier or commercial user,
5600
5601 1401
5602 00:56:07,500 ~-~-> 00:56:11,400
5603 they both have very sensitive ears and
5604
5605 1402
5606 00:56:11,400 ~-~-> 00:56:14,580
5607 eyes, you know, closely watching the,
5608
5609 1403
5610 00:56:14,970 ~-~-> 00:56:18,180
5611 you know, the, the fundamentals okay of
5612
5613 1404
5614 00:56:18,180 ~-~-> 00:56:20,880
5615 cocoa. There's, that's not any anything
5616
5617 1405
5618 00:56:20,880 ~-~-> 00:56:23,850
5619 different from a commodity, okay like
5620
5621 1406
5622 00:56:23,850 ~-~-> 00:56:27,240
5623 corn or wheat or gold or crude oil.
5624
5625 1407
5626 00:56:27,480 ~-~-> 00:56:31,290
5627 Okay. And same thing with a currency.
5628
5629 1408
5630 00:56:31,470 ~-~-> 00:56:34,560
5631 Okay. Banks are watching the supply and
5632
5633 1409
5634 00:56:34,560 ~-~-> 00:56:36,600
5635 demand for a specific country's currency
5636
5637 1410
5638 00:56:38,850 ~-~-> 00:56:41,460
5639 by following these individuals to have a
5640
5641 1411
5642 00:56:41,550 ~-~-> 00:56:44,610
5643 lot more people, okay, that their job is
5644
5645 1412
5646 00:56:44,610 ~-~-> 00:56:46,740
5647 primarily just simply to watch the
5648
5649 1413
5650 00:56:46,740 ~-~-> 00:56:50,670
5651 fundamental basis of is it under a large
5652
5653 1414
5654 00:56:50,700 ~-~-> 00:56:53,640
5655 level of demand or waning demand or is
5656
5657 1415
5658 00:56:53,640 ~-~-> 00:56:54,990
5659 there a large supply coming in the
5660
5661 1416
5662 00:56:54,990 ~-~-> 00:56:57,060
5663 marketplace? Okay, there there's trained
5664
5665 1417
5666 00:56:57,060 ~-~-> 00:56:58,890
5667 accredited staff for these large
5668
5669 1418
5670 00:56:58,890 ~-~-> 00:57:02,520
5671 commercial users. They are staffed just
5672
5673 1419
5674 00:57:02,520 ~-~-> 00:57:04,260
5675 to do that very thing to watch the
5676
5677 1420
5678 00:57:04,260 ~-~-> 00:57:06,600
5679 fundamental drivers in that specific
5680
5681 1421
5682 00:57:06,600 ~-~-> 00:57:09,750
5683 asset. Well think about it, if we were
5684
5685 1422
5686 00:57:09,750 ~-~-> 00:57:11,970
5687 able to watch that same phenomenon take
5688
5689 1423
5690 00:57:11,970 ~-~-> 00:57:14,670
5691 place with like the Swiss franc, or the
5692
5693 1424
5694 00:57:14,670 ~-~-> 00:57:17,730
5695 Japanese yen, or the Canadian dollar, or
5696
5697 1425
5698 00:57:17,730 ~-~-> 00:57:20,130
5699 the British pound, or the Australian
5700
5701 1426
5702 00:57:20,130 ~-~-> 00:57:23,550
5703 dollar that is astronomical in terms of
5704
5705 1427
5706 00:57:23,820 ~-~-> 00:57:26,220
5707 weeding out of huge amount of
5708
5709 1428
5710 00:57:26,220 ~-~-> 00:57:28,110
5711 fundamental data data. I'm not a
5712
5713 1429
5714 00:57:28,110 ~-~-> 00:57:30,900
5715 fundamental driven trader. But if you
5716
5717 1430
5718 00:57:31,620 ~-~-> 00:57:33,870
5719 hold me to the, you know, the aspect of
5720
5721 1431
5722 00:57:34,020 ~-~-> 00:57:35,670
5723 do I use fundamentals, I'd have to say
5724
5725 1432
5726 00:57:35,670 ~-~-> 00:57:37,740
5727 yes, because it's based on this stuff
5728
5729 1433
5730 00:57:37,740 ~-~-> 00:57:39,390
5731 right here. You can't get more
5732
5733 1434
5734 00:57:39,390 ~-~-> 00:57:41,040
5735 fundamental than commitment trades,
5736
5737 1435
5738 00:57:41,040 ~-~-> 00:57:43,110
5739 because they are the ones that provide
5740
5741 1436
5742 00:57:43,110 ~-~-> 00:57:45,330
5743 the liquidity that makes the markets
5744
5745 1437
5746 00:57:45,330 ~-~-> 00:57:47,790
5747 move like they do. Okay, it's these
5748
5749 1438
5750 00:57:47,850 ~-~-> 00:57:51,120
5751 entities on the other side, okay. of the
5752
5753 1439
5754 00:57:51,120 ~-~-> 00:57:53,400
5755 trading world. They are the ones that
5756
5757 1440
5758 00:57:53,580 ~-~-> 00:57:55,410
5759 propel price up and down. It's not the
5760
5761 1441
5762 00:57:55,410 ~-~-> 00:57:56,970
5763 retail traders. It's not the it's not
5764
5765 1442
5766 00:57:56,970 ~-~-> 00:57:59,850
5767 the large funds. They are if you look at
5768
5769 1443
5770 00:57:59,850 ~-~-> 00:58:02,850
5771 this chart. The heavy dark line is the
5772
5773 1444
5774 00:58:02,850 ~-~-> 00:58:05,460
5775 commercial traders. And if you look at
5776
5777 1445
5778 00:58:05,460 ~-~-> 00:58:08,490
5779 the the medium thickness, nude line,
5780
5781 1446
5782 00:58:08,760 ~-~-> 00:58:10,080
5783 okay, if you look at that they're
5784
5785 1447
5786 00:58:10,080 ~-~-> 00:58:12,390
5787 generally diametrically opposed to one
5788
5789 1448
5790 00:58:12,390 ~-~-> 00:58:15,030
5791 another when the heavy thick line is
5792
5793 1449
5794 00:58:15,030 ~-~-> 00:58:17,250
5795 making a peak, okay, making a real
5796
5797 1450
5798 00:58:17,250 ~-~-> 00:58:20,580
5799 higher high, that lesser thickness or
5800
5801 1451
5802 00:58:20,580 ~-~-> 00:58:23,640
5803 large speculator line, it's making a
5804
5805 1452
5806 00:58:23,640 ~-~-> 00:58:26,340
5807 lower low comparable to the commercials.
5808
5809 1453
5810 00:58:26,520 ~-~-> 00:58:29,430
5811 So there's a diametrically opposed, you
5812
5813 1454
5814 00:58:29,430 ~-~-> 00:58:33,840
5815 know, position between the two. When the
5816
5817 1455
5818 00:58:33,840 ~-~-> 00:58:35,430
5819 commercials change gears and start
5820
5821 1456
5822 00:58:35,430 ~-~-> 00:58:37,470
5823 coming down from a high, okay, you'll
5824
5825 1457
5826 00:58:37,470 ~-~-> 00:58:39,660
5827 see the funds, okay, or large
5828
5829 1458
5830 00:58:39,660 ~-~-> 00:58:41,520
5831 speculators, they'll start to come up,
5832
5833 1459
5834 00:58:41,790 ~-~-> 00:58:43,890
5835 okay. And they're always moving back and
5836
5837 1460
5838 00:58:43,890 ~-~-> 00:58:45,540
5839 forth until they reach an extreme
5840
5841 1461
5842 00:58:45,540 ~-~-> 00:58:49,080
5843 reading on a diametrically opposed
5844
5845 1462
5846 00:58:49,110 ~-~-> 00:58:52,590
5847 basis. When you see the diametrically
5848
5849 1463
5850 00:58:52,590 ~-~-> 00:58:54,570
5851 opposed scenario where they're really
5852
5853 1464
5854 00:58:54,570 ~-~-> 00:58:56,730
5855 really high in the commercials and the
5856
5857 1465
5858 00:58:56,730 ~-~-> 00:58:58,020
5859 large speculators are really really
5860
5861 1466
5862 00:58:58,020 ~-~-> 00:59:00,600
5863 really low. Okay? When it says jesting
5864
5865 1467
5866 00:59:00,600 ~-~-> 00:59:02,700
5867 is that the commercials are net long,
5868
5869 1468
5870 00:59:03,000 ~-~-> 00:59:05,610
5871 heavily net long while the speculators
5872
5873 1469
5874 00:59:05,610 ~-~-> 00:59:07,590
5875 on the large scale are fund managers,
5876
5877 1470
5878 00:59:07,920 ~-~-> 00:59:10,260
5879 okay, are extremely bearish. Okay.
5880
5881 1471
5882 00:59:10,290 ~-~-> 00:59:12,180
5883 Usually when you see that scenario and
5884
5885 1472
5886 00:59:12,180 ~-~-> 00:59:15,060
5887 it's a 12 month or four year extreme
5888
5889 1473
5890 00:59:15,060 ~-~-> 00:59:16,710
5891 reading, in other words, if the
5892
5893 1474
5894 00:59:16,710 ~-~-> 00:59:18,420
5895 commercials have the highest reading a
5896
5897 1475
5898 00:59:18,420 ~-~-> 00:59:22,080
5899 net longs in the last 12 to 12 months to
5900
5901 1476
5902 00:59:22,080 ~-~-> 00:59:24,330
5903 four years. Okay, there's two benchmark
5904
5905 1477
5906 00:59:24,570 ~-~-> 00:59:27,060
5907 measurements. I like to look at 112
5908
5909 1478
5910 00:59:27,510 ~-~-> 00:59:29,610
5911 month calendar year. Okay, what's the
5912
5913 1479
5914 00:59:29,610 ~-~-> 00:59:31,980
5915 highest and lowest that had in terms of
5916
5917 1480
5918 00:59:31,980 ~-~-> 00:59:33,930
5919 net long net short positions? When we
5920
5921 1481
5922 00:59:33,930 ~-~-> 00:59:36,120
5923 violate the 12 month higher low? That's
5924
5925 1482
5926 00:59:36,120 ~-~-> 00:59:37,620
5927 significant. That's usually a trend
5928
5929 1483
5930 00:59:37,620 ~-~-> 00:59:39,900
5931 changing environment. If we look at over
5932
5933 1484
5934 00:59:39,900 ~-~-> 00:59:42,330
5935 a four year span, okay, they're really
5936
5937 1485
5938 00:59:42,330 ~-~-> 00:59:44,790
5939 indicative of a major tide change. And
5940
5941 1486
5942 00:59:45,210 ~-~-> 00:59:46,770
5943 it's important that you understand that
5944
5945 1487
5946 00:59:46,770 ~-~-> 00:59:47,850
5947 we're going to be looking at the example
5948
5949 1488
5950 00:59:47,850 ~-~-> 00:59:49,440
5951 that the Canadian dollar and recent
5952
5953 1489
5954 00:59:49,440 ~-~-> 00:59:51,210
5955 price action and analysis that I shared
5956
5957 1490
5958 00:59:51,300 ~-~-> 00:59:53,430
5959 on the internet and with Chris Laurie's
5960
5961 1491
5962 00:59:53,430 ~-~-> 00:59:55,140
5963 group and his pro traders club
5964
5965 1492
5966 00:59:58,949 ~-~-> 01:00:00,689
5967 but what is a commitment Traders report.
5968
5969 1493
5970 01:00:00,719 ~-~-> 01:00:03,809
5971 Well, it's basically a breakdown of the
5972
5973 1494
5974 01:00:03,809 ~-~-> 01:00:06,509
5975 total Long's and total shorts. And then
5976
5977 1495
5978 01:00:06,509 ~-~-> 01:00:09,209
5979 by comparing it to you getting a net
5980
5981 1496
5982 01:00:09,209 ~-~-> 01:00:11,309
5983 position of net long or net short
5984
5985 1497
5986 01:00:11,309 ~-~-> 01:00:14,789
5987 position, okay, what we like to look at
5988
5989 1498
5990 01:00:15,299 ~-~-> 01:00:18,539
5991 are the measurements of the long or
5992
5993 1499
5994 01:00:18,539 ~-~-> 01:00:20,039
5995 short positions are the commercials
5996
5997 1500
5998 01:00:20,069 ~-~-> 01:00:21,839
5999 ideally, okay, because they are, quote
6000
6001 1501
6002 01:00:21,839 ~-~-> 01:00:23,819
6003 unquote, the smart money. And then the
6004
6005 1502
6006 01:00:23,819 ~-~-> 01:00:27,509
6007 large speculators, okay, those two camps
6008
6009 1503
6010 01:00:27,539 ~-~-> 01:00:29,429
6011 are the one where we do not look at the
6012
6013 1504
6014 01:00:29,429 ~-~-> 01:00:31,919
6015 small traders, because the average Joe,
6016
6017 1505
6018 01:00:31,919 ~-~-> 01:00:33,929
6019 if you look at what's going on there 90%
6020
6021 1506
6022 01:00:33,929 ~-~-> 01:00:35,639
6023 of time wrong, they don't they don't
6024
6025 1507
6026 01:00:35,639 ~-~-> 01:00:37,379
6027 know what they're doing. But if you look
6028
6029 1508
6030 01:00:37,379 ~-~-> 01:00:39,419
6031 at the commercials, and you look at the
6032
6033 1509
6034 01:00:39,419 ~-~-> 01:00:42,059
6035 large speculators, okay, those two camps
6036
6037 1510
6038 01:00:42,419 ~-~-> 01:00:46,289
6039 are basically taking the other side of
6040
6041 1511
6042 01:00:46,289 ~-~-> 01:00:47,999
6043 each trade. Okay, in other words, as
6044
6045 1512
6046 01:00:47,999 ~-~-> 01:00:50,099
6047 commercials are putting their positions
6048
6049 1513
6050 01:00:50,099 ~-~-> 01:00:51,059
6051 into the marketplace, we're going to
6052
6053 1514
6054 01:00:51,059 ~-~-> 01:00:52,199
6055 give a graphically depiction of what
6056
6057 1515
6058 01:00:52,199 ~-~-> 01:00:54,569
6059 that looks like. The large speculators
6060
6061 1516
6062 01:00:54,569 ~-~-> 01:00:55,859
6063 are usually assuming the other side of
6064
6065 1517
6066 01:00:55,859 ~-~-> 01:00:57,239
6067 that trade. And then in trending
6068
6069 1518
6070 01:00:57,239 ~-~-> 01:00:59,849
6071 environments. It's profitable for both
6072
6073 1519
6074 01:01:00,959 ~-~-> 01:01:02,489
6075 And you'll see that as we move along,
6076
6077 1520
6078 01:01:02,699 ~-~-> 01:01:04,559
6079 but we do not consider the small traders
6080
6081 1521
6082 01:01:04,559 ~-~-> 01:01:05,969
6083 at all, because they're the less
6084
6085 1522
6086 01:01:05,969 ~-~-> 01:01:07,409
6087 informed or will be considered the
6088
6089 1523
6090 01:01:07,409 ~-~-> 01:01:14,339
6091 street money. Alright, so, again, we're
6092
6093 1524
6094 01:01:14,339 ~-~-> 01:01:17,939
6095 focusing on the large speculators
6096
6097 1525
6098 01:01:17,939 ~-~-> 01:01:19,889
6099 because those individuals are going to
6100
6101 1526
6102 01:01:19,889 ~-~-> 01:01:21,449
6103 be trend following in nature. And that's
6104
6105 1527
6106 01:01:21,449 ~-~-> 01:01:24,839
6107 going to be very important because if we
6108
6109 1528
6110 01:01:24,839 ~-~-> 01:01:28,889
6111 are looking for institutional level
6112
6113 1529
6114 01:01:28,919 ~-~-> 01:01:31,259
6115 types of trades, okay. And we're looking
6116
6117 1530
6118 01:01:31,259 ~-~-> 01:01:33,419
6119 for a directional premise and in our
6120
6121 1531
6122 01:01:33,419 ~-~-> 01:01:35,939
6123 trades, it's going to be arrived by
6124
6125 1532
6126 01:01:35,939 ~-~-> 01:01:37,499
6127 looking at the relationships between the
6128
6129 1533
6130 01:01:37,499 ~-~-> 01:01:39,779
6131 large commercial traders and the large
6132
6133 1534
6134 01:01:39,809 ~-~-> 01:01:40,979
6135 speculators because the large
6136
6137 1535
6138 01:01:40,979 ~-~-> 01:01:43,259
6139 speculators are trend following. They
6140
6141 1536
6142 01:01:43,259 ~-~-> 01:01:45,479
6143 have a really good track record of being
6144
6145 1537
6146 01:01:45,479 ~-~-> 01:01:48,209
6147 right during the long trends. Again,
6148
6149 1538
6150 01:01:48,239 ~-~-> 01:01:50,879
6151 their pain comes in at the major
6152
6153 1539
6154 01:01:50,879 ~-~-> 01:01:53,189
6155 extremes highs and lows, and they don't
6156
6157 1540
6158 01:01:53,189 ~-~-> 01:01:54,659
6159 care about picking tops and bombs and
6160
6161 1541
6162 01:01:54,659 ~-~-> 01:01:57,029
6163 you shouldn't either, okay, and what
6164
6165 1542
6166 01:01:57,029 ~-~-> 01:01:58,469
6167 this is really going to help you focus
6168
6169 1543
6170 01:01:58,469 ~-~-> 01:02:01,469
6171 in on is trading During that Lion's
6172
6173 1544
6174 01:02:01,469 ~-~-> 01:02:04,289
6175 portion of the big moves, and not trying
6176
6177 1545
6178 01:02:04,289 ~-~-> 01:02:06,569
6179 to be so fixated on trying to get the
6180
6181 1546
6182 01:02:06,569 ~-~-> 01:02:08,789
6183 high high and the lowest low, we don't
6184
6185 1547
6186 01:02:08,789 ~-~-> 01:02:10,469
6187 need that. In fact, I don't even try to
6188
6189 1548
6190 01:02:10,469 ~-~-> 01:02:11,939
6191 trade that I used to do that kind of
6192
6193 1549
6194 01:02:11,939 ~-~-> 01:02:13,799
6195 stuff. And I got probably lucky two
6196
6197 1550
6198 01:02:13,799 ~-~-> 01:02:17,189
6199 times in getting a high and a low in the
6200
6201 1551
6202 01:02:17,189 ~-~-> 01:02:18,839
6203 market. But outside of that, you think
6204
6205 1552
6206 01:02:18,839 ~-~-> 01:02:20,219
6207 in 20 years, I'd be able to do better
6208
6209 1553
6210 01:02:20,219 ~-~-> 01:02:22,379
6211 than that. And it just simply doesn't
6212
6213 1554
6214 01:02:22,379 ~-~-> 01:02:25,409
6215 happen. But I can trade really, really
6216
6217 1555
6218 01:02:25,409 ~-~-> 01:02:29,879
6219 high near the highs on a bear market.
6220
6221 1556
6222 01:02:30,059 ~-~-> 01:02:31,769
6223 Okay, as we have retracements in a bear
6224
6225 1557
6226 01:02:31,769 ~-~-> 01:02:34,289
6227 market, I'll sell right near very close,
6228
6229 1558
6230 01:02:34,289 ~-~-> 01:02:37,319
6231 if not, sometimes very pips of the highs
6232
6233 1559
6234 01:02:37,589 ~-~-> 01:02:39,179
6235 in bear markets, because I understand
6236
6237 1560
6238 01:02:39,179 ~-~-> 01:02:41,849
6239 that the dynamic of that, but I'm not
6240
6241 1561
6242 01:02:41,849 ~-~-> 01:02:44,219
6243 trying to pick the tops in a bull
6244
6245 1562
6246 01:02:44,219 ~-~-> 01:02:45,479
6247 market. I'm not trying to pick the tops,
6248
6249 1563
6250 01:02:45,479 ~-~-> 01:02:47,549
6251 I'm looking for some clear indication of
6252
6253 1564
6254 01:02:47,549 ~-~-> 01:02:49,289
6255 a reversal before I start going in there
6256
6257 1565
6258 01:02:49,319 ~-~-> 01:02:51,899
6259 expecting a breakdown and there's tools
6260
6261 1566
6262 01:02:51,899 ~-~-> 01:02:53,759
6263 that we use to help gauge that they're
6264
6265 1567
6266 01:02:53,759 ~-~-> 01:02:55,799
6267 not hundred percent of time, accurate,
6268
6269 1568
6270 01:02:55,859 ~-~-> 01:02:57,029
6271 okay, but you don't need to understand
6272
6273 1569
6274 01:02:57,029 ~-~-> 01:02:58,409
6275 the time accurate, but when we do
6276
6277 1570
6278 01:02:58,409 ~-~-> 01:03:00,479
6279 things, see things in line Within
6280
6281 1571
6282 01:03:00,479 ~-~-> 01:03:02,699
6283 measurable, sustainable macro trend
6284
6285 1572
6286 01:03:02,759 ~-~-> 01:03:04,169
6287 based on these two camps, large
6288
6289 1573
6290 01:03:04,169 ~-~-> 01:03:05,639
6291 speculators and commercials, you're
6292
6293 1574
6294 01:03:05,639 ~-~-> 01:03:07,079
6295 going to see that's astronomical in
6296
6297 1575
6298 01:03:07,079 ~-~-> 01:03:12,509
6299 terms of probability. So the superstars
6300
6301 1576
6302 01:03:12,509 ~-~-> 01:03:14,759
6303 that we really want to be focusing on as
6304
6305 1577
6306 01:03:14,819 ~-~-> 01:03:16,829
6307 a fundamental insider are the
6308
6309 1578
6310 01:03:16,829 ~-~-> 01:03:19,889
6311 commercials, and where their net long
6312
6313 1579
6314 01:03:19,889 ~-~-> 01:03:21,569
6315 and net short positions and extremes
6316
6317 1580
6318 01:03:21,569 ~-~-> 01:03:23,309
6319 over the last 12 months and four years
6320
6321 1581
6322 01:03:23,339 ~-~-> 01:03:25,949
6323 is absolutely crucial. Because if
6324
6325 1582
6326 01:03:25,949 ~-~-> 01:03:28,559
6327 they're extremely bullish net long,
6328
6329 1583
6330 01:03:28,919 ~-~-> 01:03:30,509
6331 higher than they have been the last 12
6332
6333 1584
6334 01:03:30,509 ~-~-> 01:03:32,249
6335 months and really, more importantly, if
6336
6337 1585
6338 01:03:32,249 ~-~-> 01:03:34,739
6339 they've done it, most recently, in the
6340
6341 1586
6342 01:03:34,739 ~-~-> 01:03:36,749
6343 last four years at the most highest
6344
6345 1587
6346 01:03:36,749 ~-~-> 01:03:39,389
6347 they've ever been, that is a major low
6348
6349 1588
6350 01:03:39,389 ~-~-> 01:03:42,119
6351 forming and you could really avoid a lot
6352
6353 1589
6354 01:03:42,119 ~-~-> 01:03:44,879
6355 of unnecessary losses by being a
6356
6357 1590
6358 01:03:44,879 ~-~-> 01:03:47,909
6359 continuation trend follower in a bear
6360
6361 1591
6362 01:03:47,909 ~-~-> 01:03:49,139
6363 market because that's what would be
6364
6365 1592
6366 01:03:49,139 ~-~-> 01:03:51,389
6367 going on. As they get that net long,
6368
6369 1593
6370 01:03:51,389 ~-~-> 01:03:53,639
6371 extreme position. The market will be
6372
6373 1594
6374 01:03:53,639 ~-~-> 01:03:55,799
6375 dropping, okay, and because as it's
6376
6377 1595
6378 01:03:55,799 ~-~-> 01:03:57,329
6379 dropping, they're hedging. So they're
6380
6381 1596
6382 01:03:57,329 ~-~-> 01:03:58,739
6383 going to enter the moves and we'll talk
6384
6385 1597
6386 01:03:58,739 ~-~-> 01:04:01,799
6387 a lot more in detail about But they
6388
6389 1598
6390 01:04:01,799 ~-~-> 01:04:04,499
6391 price in the low, okay, when they no
6392
6393 1599
6394 01:04:04,499 ~-~-> 01:04:07,229
6395 longer are buying, okay, and they're
6396
6397 1600
6398 01:04:07,229 ~-~-> 01:04:10,259
6399 going to start distributing that is
6400
6401 1601
6402 01:04:10,259 ~-~-> 01:04:12,119
6403 going to facilitate the trend change
6404
6405 1602
6406 01:04:12,119 ~-~-> 01:04:13,319
6407 that takes place in the large
6408
6409 1603
6410 01:04:13,319 ~-~-> 01:04:15,449
6411 speculators, again, start to unwind
6412
6413 1604
6414 01:04:15,449 ~-~-> 01:04:17,459
6415 their shorts and then start to re
6416
6417 1605
6418 01:04:17,459 ~-~-> 01:04:18,989
6419 accumulate long positions as the
6420
6421 1606
6422 01:04:18,989 ~-~-> 01:04:20,879
6423 commercials now start to sell that and
6424
6425 1607
6426 01:04:20,879 ~-~-> 01:04:22,049
6427 provide the liquidity to the large
6428
6429 1608
6430 01:04:22,049 ~-~-> 01:04:23,579
6431 speculators. So we really may be
6432
6433 1609
6434 01:04:23,579 ~-~-> 01:04:27,119
6435 focusing on the trend, the macro trend
6436
6437 1610
6438 01:04:27,119 ~-~-> 01:04:29,279
6439 or the the the ebb and flow of net net
6440
6441 1611
6442 01:04:29,279 ~-~-> 01:04:30,659
6443 long and net short positions of the
6444
6445 1612
6446 01:04:30,659 ~-~-> 01:04:33,419
6447 commercials engage that with the overall
6448
6449 1613
6450 01:04:33,419 ~-~-> 01:04:35,399
6451 price action on a monthly and weekly
6452
6453 1614
6454 01:04:35,399 ~-~-> 01:04:36,809
6455 basis. And that's going to give us a
6456
6457 1615
6458 01:04:36,809 ~-~-> 01:04:38,339
6459 huge amount of insight in terms of
6460
6461 1616
6462 01:04:38,339 ~-~-> 01:04:40,469
6463 prognostication, and future direction.
6464
6465 1617
6466 01:04:45,750 ~-~-> 01:04:48,060
6467 Now, what is a 12 month extreme net long
6468
6469 1618
6470 01:04:48,060 ~-~-> 01:04:50,370
6471 position and a 12 month extreme net
6472
6473 1619
6474 01:04:50,370 ~-~-> 01:04:52,530
6475 short position look like? Well, when we
6476
6477 1620
6478 01:04:52,530 ~-~-> 01:04:54,030
6479 look at a Commitment of Traders report,
6480
6481 1621
6482 01:04:54,840 ~-~-> 01:04:57,870
6483 graph, okay, there's a zero basis line,
6484
6485 1622
6486 01:04:57,990 ~-~-> 01:04:59,220
6487 okay, and that's going to be depicted by
6488
6489 1623
6490 01:04:59,220 ~-~-> 01:05:02,340
6491 this heavy, thick line here. And above
6492
6493 1624
6494 01:05:02,340 ~-~-> 01:05:06,060
6495 the heavy black line, we have it showing
6496
6497 1625
6498 01:05:06,120 ~-~-> 01:05:08,880
6499 a color of green. Okay, not that did
6500
6501 1626
6502 01:05:09,090 ~-~-> 01:05:10,950
6503 traders is colored, but I'm trying to
6504
6505 1627
6506 01:05:10,950 ~-~-> 01:05:12,390
6507 give you an idea what it looks like
6508
6509 1628
6510 01:05:13,530 ~-~-> 01:05:16,650
6511 conceptually above the zero line, okay,
6512
6513 1629
6514 01:05:16,650 ~-~-> 01:05:17,940
6515 and we're only looking at commercials as
6516
6517 1630
6518 01:05:18,000 ~-~-> 01:05:19,980
6519 relates to co2 data. We're not looking
6520
6521 1631
6522 01:05:19,980 ~-~-> 01:05:22,590
6523 at the net long and short of the
6524
6525 1632
6526 01:05:22,590 ~-~-> 01:05:24,780
6527 speculators, small speculators or large
6528
6529 1633
6530 01:05:24,780 ~-~-> 01:05:26,790
6531 speculators, we're just specifically
6532
6533 1634
6534 01:05:26,790 ~-~-> 01:05:29,400
6535 looking at the commercials above that
6536
6537 1635
6538 01:05:29,430 ~-~-> 01:05:31,560
6539 black line or zero basis line is would
6540
6541 1636
6542 01:05:31,560 ~-~-> 01:05:33,360
6543 be considered net long, okay. In other
6544
6545 1637
6546 01:05:33,360 ~-~-> 01:05:36,360
6547 words, they're bullish, they may have a
6548
6549 1638
6550 01:05:36,360 ~-~-> 01:05:39,540
6551 large number of short positions on but
6552
6553 1639
6554 01:05:39,810 ~-~-> 01:05:43,230
6555 as a net basis, they have more Long's on
6556
6557 1640
6558 01:05:43,230 ~-~-> 01:05:45,900
6559 than they do shorts. So again, we have
6560
6561 1641
6562 01:05:45,900 ~-~-> 01:05:47,610
6563 to understand that commercials are both
6564
6565 1642
6566 01:05:48,030 ~-~-> 01:05:49,950
6567 hedgers and producers. So they are going
6568
6569 1643
6570 01:05:49,950 ~-~-> 01:05:52,770
6571 to always be doing a business
6572
6573 1644
6574 01:05:53,670 ~-~-> 01:05:55,680
6575 transaction always in the marketplace.
6576
6577 1645
6578 01:05:55,950 ~-~-> 01:05:59,220
6579 But if they're extreme levels, net long
6580
6581 1646
6582 01:05:59,250 ~-~-> 01:06:00,660
6583 net short They think of because they're
6584
6585 1647
6586 01:06:00,660 ~-~-> 01:06:02,220
6587 greedy, just like us, you know, they're
6588
6589 1648
6590 01:06:02,220 ~-~-> 01:06:03,960
6591 trying to save money and they're trying
6592
6593 1649
6594 01:06:03,960 ~-~-> 01:06:05,610
6595 to make a profit. Okay, otherwise why
6596
6597 1650
6598 01:06:05,610 ~-~-> 01:06:06,780
6599 are they in business? They're not in
6600
6601 1651
6602 01:06:06,780 ~-~-> 01:06:08,340
6603 business, you know, for the fun of it,
6604
6605 1652
6606 01:06:08,340 ~-~-> 01:06:09,390
6607 they want to they want to have a net
6608
6609 1653
6610 01:06:09,390 ~-~-> 01:06:12,270
6611 gain and profit. So if their net long,
6612
6613 1654
6614 01:06:12,630 ~-~-> 01:06:15,690
6615 Okay, hi Sabin in the last 12 months, we
6616
6617 1655
6618 01:06:15,690 ~-~-> 01:06:17,670
6619 will be expecting a major bottom to be
6620
6621 1656
6622 01:06:17,670 ~-~-> 01:06:21,180
6623 forming and extreme net short. Okay,
6624
6625 1657
6626 01:06:21,210 ~-~-> 01:06:22,320
6627 basically all you're doing is looking
6628
6629 1658
6630 01:06:22,320 ~-~-> 01:06:24,000
6631 back over the last 12 months, you're
6632
6633 1659
6634 01:06:24,000 ~-~-> 01:06:27,030
6635 looking for the lowest reading they've
6636
6637 1660
6638 01:06:27,030 ~-~-> 01:06:29,070
6639 had. And you can see in this crude
6640
6641 1661
6642 01:06:29,070 ~-~-> 01:06:31,710
6643 example, during the period of July and
6644
6645 1662
6646 01:06:31,710 ~-~-> 01:06:33,930
6647 August, they had a net short position.
6648
6649 1663
6650 01:06:34,110 ~-~-> 01:06:36,360
6651 Okay, but look what they did in October.
6652
6653 1664
6654 01:06:36,510 ~-~-> 01:06:38,430
6655 That's the lowest they've had in terms
6656
6657 1665
6658 01:06:38,430 ~-~-> 01:06:40,470
6659 of the last 12 months. They had a net
6660
6661 1666
6662 01:06:40,470 ~-~-> 01:06:43,170
6663 short position in May and probably will
6664
6665 1667
6666 01:06:43,170 ~-~-> 01:06:44,670
6667 be considered the previous year in
6668
6669 1668
6670 01:06:44,670 ~-~-> 01:06:46,530
6671 December. They were net short as well.
6672
6673 1669
6674 01:06:46,770 ~-~-> 01:06:49,560
6675 But this is a graphic depiction. Okay,
6676
6677 1670
6678 01:06:49,560 ~-~-> 01:06:50,910
6679 not based on any real data. I'm just
6680
6681 1671
6682 01:06:50,910 ~-~-> 01:06:53,580
6683 showing you the concept that in October,
6684
6685 1672
6686 01:06:53,880 ~-~-> 01:06:56,400
6687 this would represent a net short
6688
6689 1673
6690 01:06:56,400 ~-~-> 01:06:58,890
6691 position. Extreme reading over the last
6692
6693 1674
6694 01:06:58,890 ~-~-> 01:07:00,810
6695 12 months in October. Today would be a
6696
6697 1675
6698 01:07:00,810 ~-~-> 01:07:04,290
6699 major high or top to be formed in that
6700
6701 1676
6702 01:07:04,290 ~-~-> 01:07:05,340
6703 particular time period.
6704
6705 1677
6706 01:07:10,590 ~-~-> 01:07:13,290
6707 Now looking at the trend changes like
6708
6709 1678
6710 01:07:13,290 ~-~-> 01:07:19,110
6711 this, it provides you a an X ray view,
6712
6713 1679
6714 01:07:19,320 ~-~-> 01:07:21,630
6715 if you will, to anticipate reversal
6716
6717 1680
6718 01:07:21,630 ~-~-> 01:07:24,570
6719 patterns, not to bet the farm on them
6720
6721 1681
6722 01:07:24,570 ~-~-> 01:07:26,250
6723 thinking okay, it would it would be
6724
6725 1682
6726 01:07:26,250 ~-~-> 01:07:29,640
6727 great if I see this data and you know if
6728
6729 1683
6730 01:07:30,270 ~-~-> 01:07:32,250
6731 Michael says it's working, it does
6732
6733 1684
6734 01:07:32,250 ~-~-> 01:07:34,140
6735 really well and Larry's made millions of
6736
6737 1685
6738 01:07:34,140 ~-~-> 01:07:35,280
6739 dollars and Michael's made millions of
6740
6741 1686
6742 01:07:35,280 ~-~-> 01:07:36,990
6743 dollars and XYZ traders made millions of
6744
6745 1687
6746 01:07:36,990 ~-~-> 01:07:39,390
6747 dollars doing this. That's to say that,
6748
6749 1688
6750 01:07:39,600 ~-~-> 01:07:44,040
6751 you know, the Australian dollar is a net
6752
6753 1689
6754 01:07:44,250 ~-~-> 01:07:47,010
6755 short position extreme and doesn't mean
6756
6757 1690
6758 01:07:47,010 ~-~-> 01:07:48,270
6759 go out there and bet the farm and
6760
6761 1691
6762 01:07:48,270 ~-~-> 01:07:49,860
6763 overleveled your account and looking for
6764
6765 1692
6766 01:07:49,860 ~-~-> 01:07:52,710
6767 sell scenarios. Okay? Use things that
6768
6769 1693
6770 01:07:52,710 ~-~-> 01:07:54,300
6771 you have to look for in price action to
6772
6773 1694
6774 01:07:54,300 ~-~-> 01:07:58,650
6775 justify the expectation that reversal is
6776
6777 1695
6778 01:07:58,650 ~-~-> 01:08:02,460
6779 underway. Okay, and If we look back at
6780
6781 1696
6782 01:08:02,910 ~-~-> 01:08:06,300
6783 risk reward ratios, okay, and managing
6784
6785 1697
6786 01:08:06,330 ~-~-> 01:08:10,710
6787 equity and risk if you are a 2% risk
6788
6789 1698
6790 01:08:10,740 ~-~-> 01:08:13,080
6791 trader typically answer your maximum
6792
6793 1699
6794 01:08:13,080 ~-~-> 01:08:15,600
6795 risk in environments where you're
6796
6797 1700
6798 01:08:15,600 ~-~-> 01:08:18,120
6799 expecting major turns and reversals of
6800
6801 1701
6802 01:08:18,120 ~-~-> 01:08:20,220
6803 long term trends. Those are the times
6804
6805 1702
6806 01:08:20,220 ~-~-> 01:08:23,340
6807 when you will be risking less than half
6808
6809 1703
6810 01:08:23,700 ~-~-> 01:08:26,580
6811 of your normal trade position size. So
6812
6813 1704
6814 01:08:26,580 ~-~-> 01:08:29,010
6815 if you're risking 2% risk about point
6816
6817 1705
6818 01:08:29,010 ~-~-> 01:08:31,620
6819 seven 5% or point five, or in other
6820
6821 1706
6822 01:08:31,620 ~-~-> 01:08:33,510
6823 words a half of 1% if you're gonna be
6824
6825 1707
6826 01:08:33,510 ~-~-> 01:08:35,340
6827 looking for reversal patterns, okay in
6828
6829 1708
6830 01:08:35,340 ~-~-> 01:08:36,870
6831 that environment, because there's no
6832
6833 1709
6834 01:08:36,870 ~-~-> 01:08:38,220
6835 guarantee that you're going to time it
6836
6837 1710
6838 01:08:38,220 ~-~-> 01:08:40,710
6839 perfectly, because you're still inside
6840
6841 1711
6842 01:08:40,740 ~-~-> 01:08:44,130
6843 of a macro uptrend or downtrend based on
6844
6845 1712
6846 01:08:44,130 ~-~-> 01:08:45,570
6847 the data you're looking at. So if you're
6848
6849 1713
6850 01:08:45,570 ~-~-> 01:08:47,400
6851 looking at a net short position, 12
6852
6853 1714
6854 01:08:47,400 ~-~-> 01:08:48,930
6855 months extreme by the commercials,
6856
6857 1715
6858 01:08:49,200 ~-~-> 01:08:51,540
6859 again, remember they're early, okay? And
6860
6861 1716
6862 01:08:51,540 ~-~-> 01:08:52,740
6863 they have the deep pockets, they can
6864
6865 1717
6866 01:08:52,770 ~-~-> 01:08:55,500
6867 absorb all that time of sitting in
6868
6869 1718
6870 01:08:56,010 ~-~-> 01:08:58,290
6871 losing positions of power draw down
6872
6873 1719
6874 01:08:58,410 ~-~-> 01:09:00,480
6875 because think about it. If They grow
6876
6877 1720
6878 01:09:00,480 ~-~-> 01:09:02,790
6879 cocoa. They could be sitting in a net
6880
6881 1721
6882 01:09:02,790 ~-~-> 01:09:06,180
6883 loss, okay of a hedge, but they have the
6884
6885 1722
6886 01:09:06,180 ~-~-> 01:09:08,970
6887 actual cocoa, okay, they actually have
6888
6889 1723
6890 01:09:08,970 ~-~-> 01:09:11,490
6891 it, what's worth more a transaction in
6892
6893 1724
6894 01:09:11,490 ~-~-> 01:09:13,050
6895 the marketplace or actually having the
6896
6897 1725
6898 01:09:13,050 ~-~-> 01:09:15,720
6899 commodity having the commodity because
6900
6901 1726
6902 01:09:15,960 ~-~-> 01:09:18,150
6903 that's real business. You can't You
6904
6905 1727
6906 01:09:18,150 ~-~-> 01:09:20,610
6907 can't make money. Okay? Telling someone
6908
6909 1728
6910 01:09:20,610 ~-~-> 01:09:22,170
6911 here, I'm going to give you 100 shares
6912
6913 1729
6914 01:09:22,170 ~-~-> 01:09:24,870
6915 of IBM, IBM, if I was on an island, I
6916
6917 1730
6918 01:09:24,870 ~-~-> 01:09:27,030
6919 don't care about 100 shares of IBM, but
6920
6921 1731
6922 01:09:27,030 ~-~-> 01:09:29,760
6923 if you have, you know, 5000 bushels of
6924
6925 1732
6926 01:09:29,760 ~-~-> 01:09:32,970
6927 wheat or, or, you know, 10,000 bushels
6928
6929 1733
6930 01:09:32,970 ~-~-> 01:09:36,180
6931 of, you know, or bales of hay, okay, I'm
6932
6933 1734
6934 01:09:36,180 ~-~-> 01:09:39,180
6935 the head of wheat. I'm gonna, I'm going
6936
6937 1735
6938 01:09:39,180 ~-~-> 01:09:41,760
6939 to be looking for you know, value in
6940
6941 1736
6942 01:09:41,760 ~-~-> 01:09:43,440
6943 that because I could I could use that
6944
6945 1737
6946 01:09:43,650 ~-~-> 01:09:45,900
6947 shares only in anything, okay. There's
6948
6949 1738
6950 01:09:45,900 ~-~-> 01:09:48,660
6951 intrinsic value associated by the actual
6952
6953 1739
6954 01:09:48,660 ~-~-> 01:09:52,860
6955 commodity in hand. So they have the deep
6956
6957 1740
6958 01:09:52,860 ~-~-> 01:09:54,600
6959 pockets to absorb all this. So don't go
6960
6961 1741
6962 01:09:54,600 ~-~-> 01:09:56,070
6963 in there thinking just simply because
6964
6965 1742
6966 01:09:56,070 ~-~-> 01:09:57,990
6967 the co2 data's indicating there's a
6968
6969 1743
6970 01:09:58,020 ~-~-> 01:10:00,180
6971 major reversal underway. It may take
6972
6973 1744
6974 01:10:00,180 ~-~-> 01:10:02,790
6975 months for that thing to unfold. And
6976
6977 1745
6978 01:10:02,790 ~-~-> 01:10:04,410
6979 then finally turn around start going
6980
6981 1746
6982 01:10:04,410 ~-~-> 01:10:06,030
6983 lower. Okay, but it gives you the
6984
6985 1747
6986 01:10:06,060 ~-~-> 01:10:08,490
6987 indication that hey look, don't be so
6988
6989 1748
6990 01:10:08,490 ~-~-> 01:10:09,960
6991 wildly bullish now because everything's
6992
6993 1749
6994 01:10:09,960 ~-~-> 01:10:12,390
6995 so against it fundamentally with the
6996
6997 1750
6998 01:10:12,390 ~-~-> 01:10:15,540
6999 commercials be very short term nimble
7000
7001 1751
7002 01:10:16,230 ~-~-> 01:10:18,060
7003 buyers in that environment as well. If
7004
7005 1752
7006 01:10:18,060 ~-~-> 01:10:19,620
7007 you have a net short position extreme,
7008
7009 1753
7010 01:10:20,640 ~-~-> 01:10:22,470
7011 I'm very leery of betting a whole lot of
7012
7013 1754
7014 01:10:22,470 ~-~-> 01:10:24,060
7015 money on trades that are net long in
7016
7017 1755
7018 01:10:24,060 ~-~-> 01:10:25,800
7019 those environments. And again, same
7020
7021 1756
7022 01:10:25,800 ~-~-> 01:10:28,050
7023 thing, much in the same vein that we
7024
7025 1757
7026 01:10:28,050 ~-~-> 01:10:30,600
7027 talked about risking a whole lot less by
7028
7029 1758
7030 01:10:30,630 ~-~-> 01:10:32,610
7031 being a reversal pattern trader looking
7032
7033 1759
7034 01:10:32,610 ~-~-> 01:10:35,040
7035 for tops in that environment. Same
7036
7037 1760
7038 01:10:35,040 ~-~-> 01:10:36,870
7039 thing, cut your risk on the buys in that
7040
7041 1761
7042 01:10:36,870 ~-~-> 01:10:38,670
7043 environment as well and you'll avoid
7044
7045 1762
7046 01:10:38,700 ~-~-> 01:10:41,100
7047 getting caught buying the one that
7048
7049 1763
7050 01:10:41,100 ~-~-> 01:10:42,270
7051 really breaks down and starts to
7052
7053 1764
7054 01:10:42,270 ~-~-> 01:10:43,200
7055 reversal all together.
7056
7057 1765
7058 01:10:48,390 ~-~-> 01:10:49,830
7059 So have the commercial straight Well,
7060
7061 1766
7062 01:10:50,250 ~-~-> 01:10:51,480
7063 I'm going to give you a this is
7064
7065 1767
7066 01:10:51,480 ~-~-> 01:10:52,710
7067 basically the standard commercial
7068
7069 1768
7070 01:10:52,710 ~-~-> 01:10:55,860
7071 cumulation phase. And as price Okay,
7072
7073 1769
7074 01:10:55,920 ~-~-> 01:10:58,500
7075 depicted by this blue line here is V
7076
7077 1770
7078 01:10:58,530 ~-~-> 01:11:00,330
7079 Okay, on the left side of the chart, We
7080
7081 1771
7082 01:11:00,330 ~-~-> 01:11:01,440
7083 start coming down that's going to
7084
7085 1772
7086 01:11:01,830 ~-~-> 01:11:03,840
7087 basically graphically depict a decline
7088
7089 1773
7090 01:11:03,840 ~-~-> 01:11:07,170
7091 in price. Once price comes down to a low
7092
7093 1774
7094 01:11:07,170 ~-~-> 01:11:09,540
7095 of some kind find support level okay or
7096
7097 1775
7098 01:11:09,540 ~-~-> 01:11:13,140
7099 deemed value Okay, the commercials, okay
7100
7101 1776
7102 01:11:13,200 ~-~-> 01:11:15,570
7103 are done all their buying and then will
7104
7105 1777
7106 01:11:15,570 ~-~-> 01:11:18,810
7107 happen as they start showing a profit
7108
7109 1778
7110 01:11:18,810 ~-~-> 01:11:21,270
7111 release portion of the move where all of
7112
7113 1779
7114 01:11:21,270 ~-~-> 01:11:25,620
7115 the selling is abated and now the buying
7116
7117 1780
7118 01:11:25,620 ~-~-> 01:11:27,480
7119 influence now comes under way and
7120
7121 1781
7122 01:11:27,480 ~-~-> 01:11:29,880
7123 they'll be a an appreciating
7124
7125 1782
7126 01:11:30,150 ~-~-> 01:11:31,740
7127 appreciation in price as price starts to
7128
7129 1783
7130 01:11:31,740 ~-~-> 01:11:34,290
7131 rally up all the accumulated buy
7132
7133 1784
7134 01:11:34,290 ~-~-> 01:11:37,020
7135 positions they they start to take it
7136
7137 1785
7138 01:11:37,020 ~-~-> 01:11:38,970
7139 okay in other words as as their
7140
7141 1786
7142 01:11:38,970 ~-~-> 01:11:40,770
7143 positions that they bought as price was
7144
7145 1787
7146 01:11:40,770 ~-~-> 01:11:41,760
7147 dropping lower and lower and lower
7148
7149 1788
7150 01:11:41,760 ~-~-> 01:11:43,710
7151 because they're hedging. As price drops,
7152
7153 1789
7154 01:11:43,710 ~-~-> 01:11:45,510
7155 they buy more, it's price drops, they
7156
7157 1790
7158 01:11:45,510 ~-~-> 01:11:47,040
7159 buy more, they buy more, they buy more
7160
7161 1791
7162 01:11:47,040 ~-~-> 01:11:48,930
7163 and eventually when price stops going
7164
7165 1792
7166 01:11:48,930 ~-~-> 01:11:50,850
7167 down because they've bought so much need
7168
7169 1793
7170 01:11:50,880 ~-~-> 01:11:53,370
7171 there's no more selling, okay, all the
7172
7173 1794
7174 01:11:53,370 ~-~-> 01:11:56,700
7175 sellers have been absorbed. Okay. The
7176
7177 1795
7178 01:11:56,730 ~-~-> 01:11:59,310
7179 long positions Okay, as price starts to
7180
7181 1796
7182 01:11:59,310 ~-~-> 01:12:01,410
7183 move up. They start liquidating that,
7184
7185 1797
7186 01:12:01,890 ~-~-> 01:12:03,540
7187 okay? And they offset their long
7188
7189 1798
7190 01:12:03,540 ~-~-> 01:12:06,540
7191 positions, okay? So as a whole, not
7192
7193 1799
7194 01:12:06,540 ~-~-> 01:12:08,280
7195 individually, okay, but as a whole
7196
7197 1800
7198 01:12:08,280 ~-~-> 01:12:11,340
7199 collectively to commercial entities,
7200
7201 1801
7202 01:12:11,640 ~-~-> 01:12:13,860
7203 okay? This is what this is what causes
7204
7205 1802
7206 01:12:13,860 ~-~-> 01:12:17,130
7207 the shifts and major macro price swings,
7208
7209 1803
7210 01:12:17,250 ~-~-> 01:12:19,200
7211 okay? You don't get this information
7212
7213 1804
7214 01:12:19,200 ~-~-> 01:12:20,880
7215 from textbook you don't get this stuff
7216
7217 1805
7218 01:12:20,880 ~-~-> 01:12:22,410
7219 from, you know, Larry Williams I'm gonna
7220
7221 1806
7222 01:12:22,410 ~-~-> 01:12:24,510
7223 talk about this level of, but when you
7224
7225 1807
7226 01:12:24,510 ~-~-> 01:12:26,400
7227 understand what's going on as price
7228
7229 1808
7230 01:12:26,430 ~-~-> 01:12:28,560
7231 drops, commercials are buying and buying
7232
7233 1809
7234 01:12:28,560 ~-~-> 01:12:30,510
7235 and buying and buying buying, eventually
7236
7237 1810
7238 01:12:30,510 ~-~-> 01:12:32,550
7239 as price starts to move higher, they
7240
7241 1811
7242 01:12:32,550 ~-~-> 01:12:34,920
7243 will liquidate those buy orders, okay,
7244
7245 1812
7246 01:12:34,920 ~-~-> 01:12:35,970
7247 and they're not trying to make
7248
7249 1813
7250 01:12:35,970 ~-~-> 01:12:37,890
7251 astronomical amounts of money. All they
7252
7253 1814
7254 01:12:37,890 ~-~-> 01:12:41,280
7255 did was hedge price, okay. And then
7256
7257 1815
7258 01:12:41,280 ~-~-> 01:12:43,560
7259 words, they were locking in a fair price
7260
7261 1816
7262 01:12:43,560 ~-~-> 01:12:45,060
7263 that they felt that was fundamentally
7264
7265 1817
7266 01:12:45,060 ~-~-> 01:12:47,910
7267 based on their collective understanding
7268
7269 1818
7270 01:12:47,910 ~-~-> 01:12:49,920
7271 of what supply and demand curves called
7272
7273 1819
7274 01:12:49,920 ~-~-> 01:12:52,650
7275 for that time. And once price gets back
7276
7277 1820
7278 01:12:52,650 ~-~-> 01:12:54,210
7279 to those price levels, they can unwind
7280
7281 1821
7282 01:12:54,210 ~-~-> 01:12:56,160
7283 that hedge. Okay, and that's all that
7284
7285 1822
7286 01:12:56,190 ~-~-> 01:12:57,600
7287 trading is really if you look at the
7288
7289 1823
7290 01:12:57,600 ~-~-> 01:12:59,760
7291 macro perspective on any asset class,
7292
7293 1824
7294 01:13:00,000 ~-~-> 01:13:02,580
7295 That's what's going on. Okay, and that's
7296
7297 1825
7298 01:13:02,580 ~-~-> 01:13:05,640
7299 how the Smart Money operates. So an
7300
7301 1826
7302 01:13:05,640 ~-~-> 01:13:09,960
7303 intermediate term price swing looks like
7304
7305 1827
7306 01:13:09,960 ~-~-> 01:13:10,710
7307 this overall.
7308
7309 1828
7310 01:13:19,050 ~-~-> 01:13:21,930
7311 Now during the accumulation phase now
7312
7313 1829
7314 01:13:21,960 ~-~-> 01:13:23,400
7315 obviously everything that we're showing
7316
7317 1830
7318 01:13:23,400 ~-~-> 01:13:25,830
7319 here for a market load of you forming
7320
7321 1831
7322 01:13:26,490 ~-~-> 01:13:27,990
7323 reverse everything here, it's
7324
7325 1832
7326 01:13:27,990 ~-~-> 01:13:30,510
7327 graphically being depicted for a top to
7328
7329 1833
7330 01:13:30,510 ~-~-> 01:13:33,120
7331 form or mid term or long term high. They
7332
7333 1834
7334 01:13:33,120 ~-~-> 01:13:34,890
7335 would be selling as it goes up and they
7336
7337 1835
7338 01:13:34,890 ~-~-> 01:13:36,360
7339 would be buying it back as it starts to
7340
7341 1836
7342 01:13:36,360 ~-~-> 01:13:40,170
7343 drop down. But every time that price
7344
7345 1837
7346 01:13:40,170 ~-~-> 01:13:42,300
7347 comes to a point at which they would be
7348
7349 1838
7350 01:13:42,300 ~-~-> 01:13:45,180
7351 selling, okay, there's going to be a
7352
7353 1839
7354 01:13:45,180 ~-~-> 01:13:48,510
7355 retracement and inside that retracement,
7356
7357 1840
7358 01:13:48,780 ~-~-> 01:13:50,460
7359 that's where optimal trade entry comes
7360
7361 1841
7362 01:13:50,460 ~-~-> 01:13:53,880
7363 in. That's where I have found a sweet
7364
7365 1842
7366 01:13:53,880 ~-~-> 01:13:56,790
7367 spot if you will, in trading inside
7368
7369 1843
7370 01:13:56,790 ~-~-> 01:13:59,730
7371 these macro price moves. If you look at
7372
7373 1844
7374 01:13:59,730 ~-~-> 01:14:02,250
7375 a daily chart. And if you look at a long
7376
7377 1845
7378 01:14:02,250 ~-~-> 01:14:04,410
7379 term or short term price low like this
7380
7381 1846
7382 01:14:04,410 ~-~-> 01:14:07,530
7383 is graphically depicted depicting, you
7384
7385 1847
7386 01:14:07,530 ~-~-> 01:14:10,770
7387 could see clearly that the the minor
7388
7389 1848
7390 01:14:10,770 ~-~-> 01:14:13,380
7391 retracements that take place are
7392
7393 1849
7394 01:14:13,410 ~-~-> 01:14:15,780
7395 absolutely stellar, buying
7396
7397 1850
7398 01:14:15,780 ~-~-> 01:14:18,480
7399 opportunities. But unfortunately, as
7400
7401 1851
7402 01:14:18,480 ~-~-> 01:14:19,920
7403 price starts to move up like that
7404
7405 1852
7406 01:14:21,540 ~-~-> 01:14:24,630
7407 neophyte traders are in two categories.
7408
7409 1853
7410 01:14:24,630 ~-~-> 01:14:26,250
7411 One, they don't think it's going to keep
7412
7413 1854
7414 01:14:26,250 ~-~-> 01:14:27,420
7415 going up, it's probably going to go
7416
7417 1855
7418 01:14:27,420 ~-~-> 01:14:29,550
7419 lower now, because everything's, you
7420
7421 1856
7422 01:14:29,550 ~-~-> 01:14:32,310
7423 know, trying to find the top or trying
7424
7425 1857
7426 01:14:32,310 ~-~-> 01:14:35,190
7427 to find the bottom. And the other camp
7428
7429 1858
7430 01:14:35,220 ~-~-> 01:14:38,580
7431 is it's already moved to high and I'm
7432
7433 1859
7434 01:14:38,580 ~-~-> 01:14:40,290
7435 afraid that I don't, I don't want to buy
7436
7437 1860
7438 01:14:40,320 ~-~-> 01:14:43,410
7439 right now. So those two camps are the
7440
7441 1861
7442 01:14:43,410 ~-~-> 01:14:44,820
7443 reason why they neophyte traders don't
7444
7445 1862
7446 01:14:44,820 ~-~-> 01:14:46,860
7447 make money. When the moves are really
7448
7449 1863
7450 01:14:46,890 ~-~-> 01:14:48,360
7451 moving in the right direction. They
7452
7453 1864
7454 01:14:48,360 ~-~-> 01:14:51,420
7455 don't trust the directional premise. The
7456
7457 1865
7458 01:14:51,420 ~-~-> 01:14:54,300
7459 basis to finding and consistently
7460
7461 1866
7462 01:14:54,300 ~-~-> 01:14:56,400
7463 trading with a directional premise is to
7464
7465 1867
7466 01:14:56,400 ~-~-> 01:14:59,040
7467 understand the macro trends. Okay, the
7468
7469 1868
7470 01:14:59,040 ~-~-> 01:15:01,350
7471 macro price, Link on a monthly, weekly
7472
7473 1869
7474 01:15:01,350 ~-~-> 01:15:03,060
7475 and daily basis using Commitment of
7476
7477 1870
7478 01:15:03,060 ~-~-> 01:15:05,220
7479 Traders, understanding price action
7480
7481 1871
7482 01:15:05,250 ~-~-> 01:15:06,810
7483 market structure as we discussed in
7484
7485 1872
7486 01:15:06,810 ~-~-> 01:15:08,550
7487 previous video in this set,
7488
7489 1873
7490 01:15:09,150 ~-~-> 01:15:12,780
7491 understanding how price moves in long
7492
7493 1874
7494 01:15:12,780 ~-~-> 01:15:14,460
7495 term intermediate term and short term
7496
7497 1875
7498 01:15:14,640 ~-~-> 01:15:17,160
7499 price swings, understanding where you're
7500
7501 1876
7502 01:15:17,160 ~-~-> 01:15:20,640
7503 at in that market structure where the
7504
7505 1877
7506 01:15:20,640 ~-~-> 01:15:24,270
7507 probable direction may take us from
7508
7509 1878
7510 01:15:24,420 ~-~-> 01:15:27,030
7511 current price action, that is going to
7512
7513 1879
7514 01:15:27,030 ~-~-> 01:15:28,710
7515 be paramount for you to have your
7516
7517 1880
7518 01:15:28,710 ~-~-> 01:15:32,070
7519 directional premise in mind. So we're
7520
7521 1881
7522 01:15:32,070 ~-~-> 01:15:34,170
7523 going to assume for a moment that as
7524
7525 1882
7526 01:15:34,170 ~-~-> 01:15:37,680
7527 this price action model, or example here
7528
7529 1883
7530 01:15:37,710 ~-~-> 01:15:40,920
7531 depicts as price was dropping lower and
7532
7533 1884
7534 01:15:41,670 ~-~-> 01:15:45,210
7535 they bought for large scale blocks, okay
7536
7537 1885
7538 01:15:45,210 ~-~-> 01:15:47,400
7539 as price dropped down, and obviously I
7540
7541 1886
7542 01:15:47,400 ~-~-> 01:15:48,630
7543 don't have the insight to tell you how
7544
7545 1887
7546 01:15:48,630 ~-~-> 01:15:51,060
7547 many blocks of Long's they bought or
7548
7549 1888
7550 01:15:51,060 ~-~-> 01:15:52,470
7551 whatever that asset class would be.
7552
7553 1889
7554 01:15:52,860 ~-~-> 01:15:54,030
7555 Okay, but I'm just giving you a graphic
7556
7557 1890
7558 01:15:54,030 ~-~-> 01:15:55,410
7559 depiction of they were buying as it was
7560
7561 1891
7562 01:15:55,410 ~-~-> 01:15:58,620
7563 going lower, as they were buying, as it
7564
7565 1892
7566 01:15:58,620 ~-~-> 01:16:01,830
7567 was going lower than Net long position
7568
7569 1893
7570 01:16:01,890 ~-~-> 01:16:04,410
7571 on the commercials would be net, you
7572
7573 1894
7574 01:16:04,410 ~-~-> 01:16:06,630
7575 know, it would be above the baseline, or
7576
7577 1895
7578 01:16:06,960 ~-~-> 01:16:10,410
7579 if it's below the zero line. Okay, now
7580
7581 1896
7582 01:16:10,410 ~-~-> 01:16:11,880
7583 we're showing a net short position, it
7584
7585 1897
7586 01:16:11,880 ~-~-> 01:16:14,700
7587 would be dramatically being reduced, it
7588
7589 1898
7590 01:16:14,700 ~-~-> 01:16:17,040
7591 still may not be net long basis zero
7592
7593 1899
7594 01:16:17,040 ~-~-> 01:16:19,470
7595 basis line on your net, net zero
7596
7597 1900
7598 01:16:19,470 ~-~-> 01:16:21,690
7599 position. When your administrators graph
7600
7601 1901
7602 01:16:21,720 ~-~-> 01:16:23,340
7603 which we'll look, I'll show you real
7604
7605 1902
7606 01:16:23,340 ~-~-> 01:16:24,540
7607 examples of what that looks like. So if
7608
7609 1903
7610 01:16:24,540 ~-~-> 01:16:26,250
7611 you kind of like scratch your head
7612
7613 1904
7614 01:16:26,250 ~-~-> 01:16:27,630
7615 saying, you know, it still doesn't make
7616
7617 1905
7618 01:16:27,630 ~-~-> 01:16:29,040
7619 any sense, trust me, it will in a few
7620
7621 1906
7622 01:16:29,040 ~-~-> 01:16:33,780
7623 moments. But the co2 data will indicate
7624
7625 1907
7626 01:16:34,140 ~-~-> 01:16:36,750
7627 what we're showing here. Okay, in co2,
7628
7629 1908
7630 01:16:37,110 ~-~-> 01:16:38,730
7631 and other words, the commercials will be
7632
7633 1909
7634 01:16:38,760 ~-~-> 01:16:42,150
7635 dramatically lessening shorts or
7636
7637 1910
7638 01:16:42,420 ~-~-> 01:16:46,050
7639 increasing to a net long position in a
7640
7641 1911
7642 01:16:46,050 ~-~-> 01:16:51,240
7643 co2 graph or chart. And once the price
7644
7645 1912
7646 01:16:51,720 ~-~-> 01:16:53,280
7647 finds the support level, and there's an
7648
7649 1913
7650 01:16:53,280 ~-~-> 01:16:55,770
7651 indication that it has a willingness to
7652
7653 1914
7654 01:16:55,770 ~-~-> 01:16:58,170
7655 bounce and trade higher, once that takes
7656
7657 1915
7658 01:16:58,170 ~-~-> 01:16:59,640
7659 place, and we have a market structure,
7660
7661 1916
7662 01:16:59,640 ~-~-> 01:17:02,460
7663 shift bullish. Okay as defined in
7664
7665 1917
7666 01:17:02,460 ~-~-> 01:17:05,550
7667 previous videos, once we have that we
7668
7669 1918
7670 01:17:05,550 ~-~-> 01:17:08,550
7671 would be looking for support to be
7672
7673 1919
7674 01:17:08,550 ~-~-> 01:17:10,800
7675 respected and resistance to be violated
7676
7677 1920
7678 01:17:10,800 ~-~-> 01:17:13,080
7679 and broken to the upside. That's how we
7680
7681 1921
7682 01:17:13,080 ~-~-> 01:17:14,850
7683 work within market structure. And then
7684
7685 1922
7686 01:17:14,850 ~-~-> 01:17:17,070
7687 every time we see a retracement, we
7688
7689 1923
7690 01:17:17,070 ~-~-> 01:17:20,280
7691 don't anticipate the sky falling, okay.
7692
7693 1924
7694 01:17:20,430 ~-~-> 01:17:22,650
7695 And everything going to hell, we were
7696
7697 1925
7698 01:17:22,650 ~-~-> 01:17:25,290
7699 looking for new buying opportunities and
7700
7701 1926
7702 01:17:25,290 ~-~-> 01:17:26,910
7703 looking for it to trade back into a
7704
7705 1927
7706 01:17:26,910 ~-~-> 01:17:28,950
7707 previous existing order block bullish
7708
7709 1928
7710 01:17:28,950 ~-~-> 01:17:32,670
7711 Lee finding a an old resistance now
7712
7713 1929
7714 01:17:32,670 ~-~-> 01:17:33,600
7715 turning support
7716
7717 1930
7718 01:17:34,980 ~-~-> 01:17:38,310
7719 maintaining higher lows and higher
7720
7721 1931
7722 01:17:38,310 ~-~-> 01:17:41,880
7723 highs. And then on a daily chart, if we
7724
7725 1932
7726 01:17:41,880 ~-~-> 01:17:44,670
7727 start seeing, you know, institutional
7728
7729 1933
7730 01:17:45,450 ~-~-> 01:17:48,510
7731 order flow that's measured with a
7732
7733 1934
7734 01:17:48,510 ~-~-> 01:17:49,830
7735 coupling of two moving averages we're
7736
7737 1935
7738 01:17:49,830 ~-~-> 01:17:51,630
7739 going to talk about and then in that
7740
7741 1936
7742 01:17:51,630 ~-~-> 01:17:53,700
7743 case, it would be the 18 and 40
7744
7745 1937
7746 01:17:53,700 ~-~-> 01:17:55,470
7747 exponential moving averages. Again,
7748
7749 1938
7750 01:17:55,470 ~-~-> 01:17:57,630
7751 that's the 18 period exponential moving
7752
7753 1939
7754 01:17:57,630 ~-~-> 01:17:59,700
7755 average and the 40 period Exponential
7756
7757 1940
7758 01:17:59,700 ~-~-> 01:18:02,280
7759 Moving on On a daily chart, when the 18
7760
7761 1941
7762 01:18:02,280 ~-~-> 01:18:05,160
7763 crosses the 40, once it crosses that we
7764
7765 1942
7766 01:18:05,160 ~-~-> 01:18:06,960
7767 don't care about the crossing itself, we
7768
7769 1943
7770 01:18:06,960 ~-~-> 01:18:08,520
7771 want to see it cross and then start
7772
7773 1944
7774 01:18:08,520 ~-~-> 01:18:10,260
7775 opening up when it opens up, that's
7776
7777 1945
7778 01:18:10,260 ~-~-> 01:18:13,290
7779 called stacking. When that happens, that
7780
7781 1946
7782 01:18:13,290 ~-~-> 01:18:16,710
7783 is measuring a very strong momentum.
7784
7785 1947
7786 01:18:17,070 ~-~-> 01:18:19,650
7787 Okay, and the way funds trade is
7788
7789 1948
7790 01:18:19,650 ~-~-> 01:18:22,800
7791 momentum based. And one of the largest
7792
7793 1949
7794 01:18:23,370 ~-~-> 01:18:26,880
7795 you followed approaches to momentum
7796
7797 1950
7798 01:18:26,880 ~-~-> 01:18:29,490
7799 trading is the 18 and 40 institutional
7800
7801 1951
7802 01:18:29,850 ~-~-> 01:18:32,280
7803 moving averages. And simply looking at
7804
7805 1952
7806 01:18:32,280 ~-~-> 01:18:34,560
7807 the, the opening of those averages, okay
7808
7809 1953
7810 01:18:34,560 ~-~-> 01:18:36,630
7811 will give you the insight you need to
7812
7813 1954
7814 01:18:36,630 ~-~-> 01:18:39,060
7815 follow the direction of both those
7816
7817 1955
7818 01:18:39,060 ~-~-> 01:18:41,460
7819 averages once they cross an 18 is above
7820
7821 1956
7822 01:18:41,460 ~-~-> 01:18:43,860
7823 the 40 and they start widening, okay,
7824
7825 1957
7826 01:18:43,860 ~-~-> 01:18:45,060
7827 and you're still pointing up the
7828
7829 1958
7830 01:18:45,060 ~-~-> 01:18:46,350
7831 diagonal of the direction of where the
7832
7833 1959
7834 01:18:46,350 ~-~-> 01:18:48,480
7835 train is pointing up. And they're
7836
7837 1960
7838 01:18:48,480 ~-~-> 01:18:51,000
7839 opening wider 18th widening above the
7840
7841 1961
7842 01:18:51,000 ~-~-> 01:18:54,150
7843 40. That's institutional sponsorship
7844
7845 1962
7846 01:18:54,210 ~-~-> 01:18:56,430
7847 graphically depicted in moving averages.
7848
7849 1963
7850 01:18:56,700 ~-~-> 01:18:58,560
7851 That gives you the directional premise
7852
7853 1964
7854 01:18:58,560 ~-~-> 01:19:01,680
7855 to focus in on Specifically, waiting for
7856
7857 1965
7858 01:19:01,680 ~-~-> 01:19:04,230
7859 retracement back down to a known support
7860
7861 1966
7862 01:19:04,230 ~-~-> 01:19:06,570
7863 level or resistance broken then turn
7864
7865 1967
7866 01:19:06,960 ~-~-> 01:19:09,510
7867 support going into a previous existing
7868
7869 1968
7870 01:19:09,540 ~-~-> 01:19:12,300
7871 order block that's bullish. Okay. And if
7872
7873 1969
7874 01:19:12,300 ~-~-> 01:19:13,830
7875 you don't know what an order block is,
7876
7877 1970
7878 01:19:13,860 ~-~-> 01:19:17,340
7879 look at my trading, position trading
7880
7881 1971
7882 01:19:17,340 ~-~-> 01:19:19,650
7883 volumes One, two and three, it goes into
7884
7885 1972
7886 01:19:19,650 ~-~-> 01:19:21,450
7887 great details with an order block is an
7888
7889 1973
7890 01:19:21,450 ~-~-> 01:19:23,940
7891 institutional order block. And it's
7892
7893 1974
7894 01:19:23,940 ~-~-> 01:19:25,170
7895 that's simply what you're all you're
7896
7897 1975
7898 01:19:25,170 ~-~-> 01:19:26,340
7899 going to be doing, you're going to be
7900
7901 1976
7902 01:19:26,340 ~-~-> 01:19:28,530
7903 looking for those scenarios that pan out
7904
7905 1977
7906 01:19:28,710 ~-~-> 01:19:32,190
7907 for your, your buying scenarios. Okay,
7908
7909 1978
7910 01:19:32,520 ~-~-> 01:19:33,810
7911 and it doesn't matter if you're a short
7912
7913 1979
7914 01:19:33,810 ~-~-> 01:19:35,310
7915 term trader, or if you're a day trader
7916
7917 1980
7918 01:19:35,310 ~-~-> 01:19:37,350
7919 or if you're a position trader, every
7920
7921 1981
7922 01:19:37,350 ~-~-> 01:19:40,950
7923 one of those asset, you know, approaches
7924
7925 1982
7926 01:19:40,950 ~-~-> 01:19:44,220
7927 to trading. Those will be complemented
7928
7929 1983
7930 01:19:44,340 ~-~-> 01:19:46,290
7931 very well with this approach and using
7932
7933 1984
7934 01:19:46,290 ~-~-> 01:19:47,880
7935 institutional order flow using
7936
7937 1985
7938 01:19:48,180 ~-~-> 01:19:50,460
7939 commitment traders fundamentally, price
7940
7941 1986
7942 01:19:50,460 ~-~-> 01:19:54,450
7943 action drive drive drivers behind why
7944
7945 1987
7946 01:19:54,450 ~-~-> 01:19:56,010
7947 price should be expected to go higher,
7948
7949 1988
7950 01:19:56,190 ~-~-> 01:19:58,710
7951 and you'll have everything that you need
7952
7953 1989
7954 01:19:59,280 ~-~-> 01:20:01,830
7955 to build The directional premise model
7956
7957 1990
7958 01:20:02,100 ~-~-> 01:20:05,040
7959 that you're looking for. Now the problem
7960
7961 1991
7962 01:20:05,040 ~-~-> 01:20:06,660
7963 is, is there's going to be times when
7964
7965 1992
7966 01:20:06,660 ~-~-> 01:20:09,840
7967 the averages on 1840 won't be crossed
7968
7969 1993
7970 01:20:09,840 ~-~-> 01:20:12,270
7971 over, and price will be going up, and
7972
7973 1994
7974 01:20:12,270 ~-~-> 01:20:13,530
7975 you're going to be wanting to send me an
7976
7977 1995
7978 01:20:13,530 ~-~-> 01:20:15,240
7979 email saying, it's not working.
7980
7981 1996
7982 01:20:15,840 ~-~-> 01:20:17,640
7983 Something's not right. I missed that
7984
7985 1997
7986 01:20:17,640 ~-~-> 01:20:19,620
7987 move. Guess what, there's a lot of moves
7988
7989 1998
7990 01:20:19,620 ~-~-> 01:20:21,300
7991 I miss, and you're gonna miss a lot of
7992
7993 1999
7994 01:20:21,300 ~-~-> 01:20:23,040
7995 moves. But you don't need every move.
7996
7997 2000
7998 01:20:23,220 ~-~-> 01:20:26,280
7999 Okay? If you looked at my net earnings,
8000
8001 2001
8002 01:20:26,430 ~-~-> 01:20:28,380
8003 based on what I do for over a whole
8004
8005 2002
8006 01:20:28,380 ~-~-> 01:20:30,690
8007 year, you would be like, you know, all
8008
8009 2003
8010 01:20:30,690 ~-~-> 01:20:32,310
8011 this stuff and you trade that little.
8012
8013 2004
8014 01:20:32,790 ~-~-> 01:20:35,220
8015 Yeah, but guess what, I took you to the
8016
8017 2005
8018 01:20:35,220 ~-~-> 01:20:37,950
8019 bottom line with that whole year, you'd
8020
8021 2006
8022 01:20:37,950 ~-~-> 01:20:39,780
8023 be like, wow, this is a whole lot of
8024
8025 2007
8026 01:20:40,200 ~-~-> 01:20:43,890
8027 nothing in terms of effort, but a huge
8028
8029 2008
8030 01:20:43,890 ~-~-> 01:20:47,010
8031 reward in terms of the return. And
8032
8033 2009
8034 01:20:47,070 ~-~-> 01:20:48,720
8035 that's, that's what trading is. That's
8036
8037 2010
8038 01:20:48,720 ~-~-> 01:20:50,130
8039 what professional trading is. I don't
8040
8041 2011
8042 01:20:50,130 ~-~-> 01:20:51,510
8043 want to be a whole lot of time in front
8044
8045 2012
8046 01:20:51,510 ~-~-> 01:20:52,830
8047 of charts. I did that you don't you
8048
8049 2013
8050 01:20:52,830 ~-~-> 01:20:54,630
8051 should trust me if you want to do that.
8052
8053 2014
8054 01:20:54,690 ~-~-> 01:20:56,160
8055 You won't want to do when you do it.
8056
8057 2015
8058 01:20:56,280 ~-~-> 01:20:58,230
8059 Okay. You'll you'll like living life and
8060
8061 2016
8062 01:20:58,230 ~-~-> 01:20:59,430
8063 doing the things with your family.
8064
8065 2017
8066 01:21:05,069 ~-~-> 01:21:07,889
8067 Now here is the key. This is the million
8068
8069 2018
8070 01:21:07,889 ~-~-> 01:21:11,309
8071 dollar secret, if you will, okay. When
8072
8073 2019
8074 01:21:11,309 ~-~-> 01:21:13,439
8075 you're looking at the CO t graph or the
8076
8077 2020
8078 01:21:13,739 ~-~-> 01:21:15,479
8079 the commitment raters report chart
8080
8081 2021
8082 01:21:17,069 ~-~-> 01:21:19,349
8083 basically it's plotting the net long net
8084
8085 2022
8086 01:21:19,349 ~-~-> 01:21:22,349
8087 short positions of both the all three
8088
8089 2023
8090 01:21:22,349 ~-~-> 01:21:24,389
8091 camps, the speculators don't small level
8092
8093 2024
8094 01:21:24,449 ~-~-> 01:21:25,949
8095 to large speculators or fund managers
8096
8097 2025
8098 01:21:25,949 ~-~-> 01:21:28,499
8099 and in the commercials, and every week,
8100
8101 2026
8102 01:21:28,499 ~-~-> 01:21:30,599
8103 it's updated. Okay. What's you're
8104
8105 2027
8106 01:21:30,599 ~-~-> 01:21:35,159
8107 looking for? Is the trend of the
8108
8109 2028
8110 01:21:35,159 ~-~-> 01:21:37,589
8111 commercials. What are they doing? Okay.
8112
8113 2029
8114 01:21:38,759 ~-~-> 01:21:40,769
8115 Francis, looking at the number one part
8116
8117 2030
8118 01:21:40,979 ~-~-> 01:21:43,619
8119 of this crude depiction, I admit it's
8120
8121 2031
8122 01:21:43,619 ~-~-> 01:21:44,849
8123 very crude, but it's still going to,
8124
8125 2032
8126 01:21:45,239 ~-~-> 01:21:48,959
8127 it's going to accomplish the means. This
8128
8129 2033
8130 01:21:48,989 ~-~-> 01:21:50,609
8131 number one point is going to represent a
8132
8133 2034
8134 01:21:50,609 ~-~-> 01:21:52,439
8135 12 month extreme net long position by
8136
8137 2035
8138 01:21:52,439 ~-~-> 01:21:54,449
8139 the commercials, okay. And what you
8140
8141 2036
8142 01:21:54,449 ~-~-> 01:21:55,919
8143 should be doing is you should be reduced
8144
8145 2037
8146 01:21:55,949 ~-~-> 01:21:57,629
8147 reducing your risk on all of your new
8148
8149 2038
8150 01:21:57,629 ~-~-> 01:21:59,879
8151 shorts. Okay, or existing shorts.
8152
8153 2039
8154 01:22:00,599 ~-~-> 01:22:03,509
8155 anticipate a likelihood to find buying
8156
8157 2040
8158 01:22:03,509 ~-~-> 01:22:06,719
8159 opportunities. The number two point in
8160
8161 2041
8162 01:22:06,719 ~-~-> 01:22:08,129
8163 this graphic depiction, you can see the
8164
8165 2042
8166 01:22:08,129 ~-~-> 01:22:09,599
8167 commercials move down to a net short
8168
8169 2043
8170 01:22:09,599 ~-~-> 01:22:12,419
8171 position. This net short commercial
8172
8173 2044
8174 01:22:12,419 ~-~-> 01:22:15,299
8175 position, okay? Even though it's very,
8176
8177 2045
8178 01:22:15,299 ~-~-> 01:22:18,119
8179 very small, okay, you can look for short
8180
8181 2046
8182 01:22:18,119 ~-~-> 01:22:20,399
8183 to immediate term downside corrections.
8184
8185 2047
8186 01:22:20,669 ~-~-> 01:22:23,639
8187 Okay. But overall look at we have we
8188
8189 2048
8190 01:22:23,639 ~-~-> 01:22:26,909
8191 have a very very large pre existing net
8192
8193 2049
8194 01:22:26,909 ~-~-> 01:22:29,399
8195 long positions about the commercials
8196
8197 2050
8198 01:22:29,399 ~-~-> 01:22:31,559
8199 that number one point. So really even
8200
8201 2051
8202 01:22:31,559 ~-~-> 01:22:34,049
8203 though price may correct and trade lower
8204
8205 2052
8206 01:22:34,229 ~-~-> 01:22:36,269
8207 during that period of time that in May
8208
8209 2053
8210 01:22:36,299 ~-~-> 01:22:38,459
8211 where we see a net short position by the
8212
8213 2054
8214 01:22:38,459 ~-~-> 01:22:41,129
8215 commercials that may be as small as a
8216
8217 2055
8218 01:22:41,129 ~-~-> 01:22:44,489
8219 minor correction, okay, for the trend to
8220
8221 2056
8222 01:22:44,489 ~-~-> 01:22:46,499
8223 resume during the number three point
8224
8225 2057
8226 01:22:46,619 ~-~-> 01:22:48,989
8227 Okay, number three is a new net long
8228
8229 2058
8230 01:22:48,989 ~-~-> 01:22:50,699
8231 position. Now notice it's nowhere near
8232
8233 2059
8234 01:22:50,699 ~-~-> 01:22:53,099
8235 the level net long that 2.1 reference
8236
8237 2060
8238 01:22:53,099 ~-~-> 01:22:56,099
8239 was You see that? It doesn't matter.
8240
8241 2061
8242 01:22:56,459 ~-~-> 01:22:58,169
8243 Because you've established a trend
8244
8245 2062
8246 01:22:58,169 ~-~-> 01:22:59,999
8247 change likely if you see a conversion
8248
8249 2063
8250 01:22:59,999 ~-~-> 01:23:02,639
8251 And price action if point one in that
8252
8253 2064
8254 01:23:02,639 ~-~-> 01:23:04,169
8255 period of time between February March
8256
8257 2065
8258 01:23:04,169 ~-~-> 01:23:06,989
8259 and early April, if we have a bottom
8260
8261 2066
8262 01:23:06,989 ~-~-> 01:23:10,649
8263 form in say the Canadian dollar, if we
8264
8265 2067
8266 01:23:10,649 ~-~-> 01:23:14,669
8267 see that form, okay, price will rally,
8268
8269 2068
8270 01:23:15,209 ~-~-> 01:23:17,609
8271 okay and break market structure to the
8272
8273 2069
8274 01:23:17,609 ~-~-> 01:23:20,549
8275 upside, and then it will retrace during
8276
8277 2070
8278 01:23:20,549 ~-~-> 01:23:23,009
8279 the month of May during that natural
8280
8281 2071
8282 01:23:23,009 ~-~-> 01:23:24,719
8283 position, okay, because they're going to
8284
8285 2072
8286 01:23:24,719 ~-~-> 01:23:28,169
8287 sell into that, that rally, then that
8288
8289 2073
8290 01:23:28,169 ~-~-> 01:23:29,579
8291 rally that initial rally there and sell
8292
8293 2074
8294 01:23:29,579 ~-~-> 01:23:31,319
8295 into that remember we just talked about
8296
8297 2075
8298 01:23:31,319 ~-~-> 01:23:33,179
8299 their unwinding that hedge they put on
8300
8301 2076
8302 01:23:33,179 ~-~-> 01:23:34,859
8303 place it during the whole period of
8304
8305 2077
8306 01:23:34,859 ~-~-> 01:23:38,369
8307 point one during that retracing if point
8308
8309 2078
8310 01:23:38,369 ~-~-> 01:23:41,459
8311 two don't think that you're in a bear
8312
8313 2079
8314 01:23:41,459 ~-~-> 01:23:44,399
8315 market stay focused on looking for net
8316
8317 2080
8318 01:23:44,399 ~-~-> 01:23:46,439
8319 long positions, okay for your own
8320
8321 2081
8322 01:23:46,439 ~-~-> 01:23:48,689
8323 trading. So in the point three, okay.
8324
8325 2082
8326 01:23:49,139 ~-~-> 01:23:50,969
8327 After that 12 months net long position,
8328
8329 2083
8330 01:23:50,999 ~-~-> 01:23:53,249
8331 you want to be looking for swings and
8332
8333 2084
8334 01:23:53,249 ~-~-> 01:23:57,719
8335 position trades long. Your macro trend
8336
8337 2085
8338 01:23:57,719 ~-~-> 01:23:59,549
8339 traders and long term traders you're
8340
8341 2086
8342 01:23:59,549 ~-~-> 01:24:01,499
8343 looking for big moves, that's when
8344
8345 2087
8346 01:24:01,919 ~-~-> 01:24:03,209
8347 that's when it happens when they move
8348
8349 2088
8350 01:24:03,209 ~-~-> 01:24:05,399
8351 back to net long after a big huge net
8352
8353 2089
8354 01:24:05,399 ~-~-> 01:24:07,769
8355 long position. Okay, when they move to a
8356
8357 2090
8358 01:24:07,769 ~-~-> 01:24:11,399
8359 net short, back up to a net long, that's
8360
8361 2091
8362 01:24:11,399 ~-~-> 01:24:12,569
8363 when the best buying opportunities for
8364
8365 2092
8366 01:24:12,569 ~-~-> 01:24:16,469
8367 position trading takes place. If you're
8368
8369 2093
8370 01:24:16,469 ~-~-> 01:24:18,269
8371 a swing trader, it's an astronomical
8372
8373 2094
8374 01:24:18,269 ~-~-> 01:24:21,119
8375 place to take entries for being a buyer.
8376
8377 2095
8378 01:24:22,349 ~-~-> 01:24:24,329
8379 point four again they swing back down to
8380
8381 2096
8382 01:24:24,329 ~-~-> 01:24:27,149
8383 a net short position during this time,
8384
8385 2097
8386 01:24:27,299 ~-~-> 01:24:29,399
8387 okay, you can still take short to mid
8388
8389 2098
8390 01:24:29,399 ~-~-> 01:24:32,069
8391 term downside shorts because it's gonna
8392
8393 2099
8394 01:24:32,069 ~-~-> 01:24:33,779
8395 basically gonna be correcting again,
8396
8397 2100
8398 01:24:34,049 ~-~-> 01:24:36,419
8399 it's gonna be a retracement in an up
8400
8401 2101
8402 01:24:36,419 ~-~-> 01:24:39,119
8403 move. Then at point five we have another
8404
8405 2102
8406 01:24:39,119 ~-~-> 01:24:40,589
8407 net short I mean sorry, net long
8408
8409 2103
8410 01:24:40,589 ~-~-> 01:24:42,389
8411 position. Okay, the commercials went
8412
8413 2104
8414 01:24:42,389 ~-~-> 01:24:44,699
8415 back above that zero basis line. Notice
8416
8417 2105
8418 01:24:44,699 ~-~-> 01:24:46,229
8419 they are nowhere near the level they
8420
8421 2106
8422 01:24:46,229 ~-~-> 01:24:48,119
8423 were before net long but it does not
8424
8425 2107
8426 01:24:48,119 ~-~-> 01:24:50,849
8427 matter. This is like an oversold
8428
8429 2108
8430 01:24:50,849 ~-~-> 01:24:52,469
8431 condition for you. Okay, you wouldn't be
8432
8433 2109
8434 01:24:52,469 ~-~-> 01:24:54,419
8435 looking at that same Wow. This is now
8436
8437 2110
8438 01:24:54,419 ~-~-> 01:24:56,399
8439 another buying opportunity because they
8440
8441 2111
8442 01:24:56,399 ~-~-> 01:24:58,619
8443 have now bought some more prices dip
8444
8445 2112
8446 01:24:58,619 ~-~-> 01:25:01,529
8447 down and retraced So now what's going to
8448
8449 2113
8450 01:25:01,529 ~-~-> 01:25:03,419
8451 take place is you're going to, again,
8452
8453 2114
8454 01:25:03,419 ~-~-> 01:25:04,919
8455 look for short to intermediate term
8456
8457 2115
8458 01:25:05,009 ~-~-> 01:25:06,389
8459 buying opportunities because you're
8460
8461 2116
8462 01:25:06,389 ~-~-> 01:25:09,329
8463 trading with the co2 trend. Okay? And at
8464
8465 2117
8466 01:25:09,329 ~-~-> 01:25:11,219
8467 point six, we see price come down and
8468
8469 2118
8470 01:25:11,219 ~-~-> 01:25:14,249
8471 they make a huge net short position, the
8472
8473 2119
8474 01:25:14,249 ~-~-> 01:25:15,839
8475 largest they've made in the last 12
8476
8477 2120
8478 01:25:15,839 ~-~-> 01:25:18,029
8479 months, was that going to indicate the
8480
8481 2121
8482 01:25:18,029 ~-~-> 01:25:20,609
8483 likelihood of a high, so you want to be
8484
8485 2122
8486 01:25:20,609 ~-~-> 01:25:23,249
8487 reducing the risk on your long positions
8488
8489 2123
8490 01:25:23,309 ~-~-> 01:25:26,069
8491 and many times filtering out new, new
8492
8493 2124
8494 01:25:26,069 ~-~-> 01:25:28,349
8495 buying opportunities and start looking
8496
8497 2125
8498 01:25:28,349 ~-~-> 01:25:30,179
8499 for selling opportunities. Okay, but
8500
8501 2126
8502 01:25:30,179 ~-~-> 01:25:33,059
8503 again, don't bet very large in terms of
8504
8505 2127
8506 01:25:33,059 ~-~-> 01:25:36,839
8507 risk on those large net long positions
8508
8509 2128
8510 01:25:36,839 ~-~-> 01:25:38,009
8511 in net short positions. You don't want
8512
8513 2129
8514 01:25:38,009 ~-~-> 01:25:40,589
8515 to do that. It's the initial retracement
8516
8517 2130
8518 01:25:40,589 ~-~-> 01:25:42,599
8519 later on after the extreme in price
8520
8521 2131
8522 01:25:42,599 ~-~-> 01:25:44,519
8523 supports the notion that it's a major
8524
8525 2132
8526 01:25:44,519 ~-~-> 01:25:46,439
8527 reversal is taking place. That's when
8528
8529 2133
8530 01:25:46,439 ~-~-> 01:25:47,789
8531 you want to put your maximum leverage on
8532
8533 2134
8534 01:25:47,819 ~-~-> 01:25:51,239
8535 if at all. Now obviously, the secret to
8536
8537 2135
8538 01:25:51,269 ~-~-> 01:25:52,619
8539 commitment traders is to trade with the
8540
8541 2136
8542 01:25:52,619 ~-~-> 01:25:54,569
8543 trend of commercial traders. Okay,
8544
8545 2137
8546 01:25:54,569 ~-~-> 01:25:56,849
8547 because they set in motion all of the
8548
8549 2138
8550 01:25:56,849 ~-~-> 01:25:58,379
8551 intermediate term and long term highs
8552
8553 2139
8554 01:25:58,379 ~-~-> 01:26:00,509
8555 and lows in the marketplace and you Find
8556
8557 2140
8558 01:26:00,509 ~-~-> 01:26:02,429
8559 them by ferreting out the 12 month
8560
8561 2141
8562 01:26:02,429 ~-~-> 01:26:04,619
8563 extremes and the net positions short and
8564
8565 2142
8566 01:26:04,619 ~-~-> 01:26:06,329
8567 long by the commercials. So,
8568
8569 2143
8570 01:26:06,810 ~-~-> 01:26:09,000
8571 if you look at this as a macro
8572
8573 2144
8574 01:26:09,000 ~-~-> 01:26:10,860
8575 understanding of fundamentals, okay, it
8576
8577 2145
8578 01:26:10,860 ~-~-> 01:26:13,020
8579 gives you all the things that you want
8580
8581 2146
8582 01:26:13,020 ~-~-> 01:26:14,730
8583 to look for in terms of studying
8584
8585 2147
8586 01:26:14,760 ~-~-> 01:26:16,800
8587 fundamental data reports, bank reports,
8588
8589 2148
8590 01:26:16,800 ~-~-> 01:26:18,750
8591 all that stuff, all that ferreted out
8592
8593 2149
8594 01:26:18,750 ~-~-> 01:26:20,430
8595 for you. And if you coupled this
8596
8597 2150
8598 01:26:20,430 ~-~-> 01:26:21,750
8599 information with support resistance,
8600
8601 2151
8602 01:26:21,750 ~-~-> 01:26:23,940
8603 astronomical results, or result as a
8604
8605 2152
8606 01:26:23,940 ~-~-> 01:26:28,890
8607 result for you for doing such. So now,
8608
8609 2153
8610 01:26:28,890 ~-~-> 01:26:30,330
8611 what does it look like graphically,
8612
8613 2154
8614 01:26:30,360 ~-~-> 01:26:32,610
8615 okay, and well, what I'm showing you
8616
8617 2155
8618 01:26:32,610 ~-~-> 01:26:35,490
8619 here is a chart from price charts calm
8620
8621 2156
8622 01:26:35,490 ~-~-> 01:26:38,730
8623 now, before I say anything further, this
8624
8625 2157
8626 01:26:38,760 ~-~-> 01:26:40,950
8627 is a paid service, you will have to pay
8628
8629 2158
8630 01:26:40,950 ~-~-> 01:26:43,410
8631 for this. Okay? To get this particular
8632
8633 2159
8634 01:26:43,410 ~-~-> 01:26:45,810
8635 chart, you don't have to have this
8636
8637 2160
8638 01:26:45,810 ~-~-> 01:26:47,970
8639 chart. I just simply like this chart,
8640
8641 2161
8642 01:26:48,300 ~-~-> 01:26:51,090
8643 when you see my videos, I don't always
8644
8645 2162
8646 01:26:51,090 ~-~-> 01:26:53,340
8647 share this format, okay, because I
8648
8649 2163
8650 01:26:53,340 ~-~-> 01:26:55,560
8651 really print these charts out and really
8652
8653 2164
8654 01:26:55,560 ~-~-> 01:26:57,540
8655 mark them up with pen. And yes, I still
8656
8657 2165
8658 01:26:57,540 ~-~-> 01:26:59,730
8659 do that archaic way of doing even with
8660
8661 2166
8662 01:26:59,850 ~-~-> 01:27:01,740
8663 him. Having computers out the ying yang
8664
8665 2167
8666 01:27:01,740 ~-~-> 01:27:03,840
8667 here, I still like to mark up paper
8668
8669 2168
8670 01:27:03,840 ~-~-> 01:27:06,150
8671 charts as how I started. I'm old school.
8672
8673 2169
8674 01:27:06,150 ~-~-> 01:27:08,700
8675 So you know, dinosaurs 20 years ago, we
8676
8677 2170
8678 01:27:08,700 ~-~-> 01:27:10,650
8679 didn't have the wonderful things we have
8680
8681 2171
8682 01:27:10,650 ~-~-> 01:27:12,960
8683 now it's, you know, you high end
8684
8685 2172
8686 01:27:12,960 ~-~-> 01:27:15,480
8687 technical traders. But if you don't want
8688
8689 2173
8690 01:27:15,480 ~-~-> 01:27:17,340
8691 to use price charts calm and pay the
8692
8693 2174
8694 01:27:17,340 ~-~-> 01:27:18,870
8695 money for the absolutely gorgeous
8696
8697 2175
8698 01:27:18,870 ~-~-> 01:27:22,020
8699 charts, you can go on their website and
8700
8701 2176
8702 01:27:22,020 ~-~-> 01:27:25,320
8703 try their two week free demo. Okay, and
8704
8705 2177
8706 01:27:25,320 ~-~-> 01:27:27,270
8707 he's created an email address because
8708
8709 2178
8710 01:27:27,270 ~-~-> 01:27:28,860
8711 they're gonna spam you. Okay, I'm
8712
8713 2179
8714 01:27:28,860 ~-~-> 01:27:30,000
8715 telling you up front, they're gonna spam
8716
8717 2180
8718 01:27:30,000 ~-~-> 01:27:32,310
8719 you and you can try for two weeks for
8720
8721 2181
8722 01:27:32,310 ~-~-> 01:27:34,470
8723 free and never use the email address
8724
8725 2182
8726 01:27:34,470 ~-~-> 01:27:37,230
8727 again and you can keep sending all their
8728
8729 2183
8730 01:27:37,800 ~-~-> 01:27:39,420
8731 publications trying to get you to
8732
8733 2184
8734 01:27:39,420 ~-~-> 01:27:41,430
8735 subscribe to an email address you never
8736
8737 2185
8738 01:27:41,430 ~-~-> 01:27:44,130
8739 touch again. Or you can go to bar chart
8740
8741 2186
8742 01:27:44,160 ~-~-> 01:27:46,500
8743 calm and pull up the chart like we're
8744
8745 2187
8746 01:27:46,500 ~-~-> 01:27:48,060
8747 going to show later on in this video how
8748
8749 2188
8750 01:27:48,060 ~-~-> 01:27:49,650
8751 you can do it for free. And I know a lot
8752
8753 2189
8754 01:27:49,650 ~-~-> 01:27:51,030
8755 of you're saying Yay, thank you Mike for
8756
8757 2190
8758 01:27:51,030 ~-~-> 01:27:53,790
8759 free. But you know, sometimes it's nice
8760
8761 2191
8762 01:27:53,790 ~-~-> 01:27:55,020
8763 to pay a little bit of money. It's not a
8764
8765 2192
8766 01:27:55,020 ~-~-> 01:27:57,030
8767 lot of money you would be getting as an
8768
8769 2193
8770 01:27:57,030 ~-~-> 01:27:59,700
8771 expense to get this but it to me if you
8772
8773 2194
8774 01:27:59,700 ~-~-> 01:28:01,110
8775 do like To print them out, or if you'd
8776
8777 2195
8778 01:28:01,110 ~-~-> 01:28:02,190
8779 like to have electronic doesn't make a
8780
8781 2196
8782 01:28:02,190 ~-~-> 01:28:04,710
8783 difference. I just like to have them in
8784
8785 2197
8786 01:28:04,710 ~-~-> 01:28:06,570
8787 hardcopy because I draw content notes
8788
8789 2198
8790 01:28:06,570 ~-~-> 01:28:09,180
8791 all over them. But if you look down here
8792
8793 2199
8794 01:28:09,210 ~-~-> 01:28:11,580
8795 in we have the net short position and
8796
8797 2200
8798 01:28:11,580 ~-~-> 01:28:14,820
8799 net long position and the zero basis
8800
8801 2201
8802 01:28:14,820 ~-~-> 01:28:17,880
8803 line. And I'm going to show you that
8804
8805 2202
8806 01:28:17,880 ~-~-> 01:28:19,950
8807 right here, this is the zero line file
8808
8809 2203
8810 01:28:19,950 ~-~-> 01:28:22,590
8811 that across the chart, okay. See that
8812
8813 2204
8814 01:28:22,590 ~-~-> 01:28:26,220
8815 right here? What this is indicating is
8816
8817 2205
8818 01:28:26,220 ~-~-> 01:28:28,770
8819 the zero basis line. Anything above zero
8820
8821 2206
8822 01:28:28,770 ~-~-> 01:28:30,810
8823 is net long. Anything below is net
8824
8825 2207
8826 01:28:30,810 ~-~-> 01:28:33,600
8827 short. The commercials are the heaviest
8828
8829 2208
8830 01:28:33,630 ~-~-> 01:28:36,300
8831 black line. That's this line right here.
8832
8833 2209
8834 01:28:36,540 ~-~-> 01:28:38,250
8835 Okay. And you see what they have here,
8836
8837 2210
8838 01:28:38,280 ~-~-> 01:28:41,040
8839 large net long position, largest they
8840
8841 2211
8842 01:28:41,040 ~-~-> 01:28:43,560
8843 had. And look down here we have the
8844
8845 2212
8846 01:28:43,560 ~-~-> 01:28:45,900
8847 commercials diametrically opposed to the
8848
8849 2213
8850 01:28:45,900 ~-~-> 01:28:47,580
8851 large speculators. They're the funds.
8852
8853 2214
8854 01:28:47,700 ~-~-> 01:28:50,190
8855 Okay. Now, notice what's going on here.
8856
8857 2215
8858 01:28:51,690 ~-~-> 01:28:54,780
8859 As price had dropped in the Euro, this
8860
8861 2216
8862 01:28:54,780 ~-~-> 01:28:58,290
8863 long big trend going lower from 150 down
8864
8865 2217
8866 01:28:58,290 ~-~-> 01:29:02,100
8867 to 120. That's three Thousand pips. Okay
8868
8869 2218
8870 01:29:02,190 ~-~-> 01:29:06,300
8871 3000 pips of a down move. Okay. The
8872
8873 2219
8874 01:29:06,300 ~-~-> 01:29:08,640
8875 large speculators were pretty much with
8876
8877 2220
8878 01:29:08,640 ~-~-> 01:29:10,950
8879 that whole trend all the way to the very
8880
8881 2221
8882 01:29:10,950 ~-~-> 01:29:13,710
8883 end. The commercials were buying the
8884
8885 2222
8886 01:29:13,710 ~-~-> 01:29:16,980
8887 whole way up. Okay. Sorry, all the way
8888
8889 2223
8890 01:29:16,980 ~-~-> 01:29:19,920
8891 down they were buying large numbers of
8892
8893 2224
8894 01:29:19,950 ~-~-> 01:29:24,000
8895 net long position on the euro. Finally,
8896
8897 2225
8898 01:29:24,300 ~-~-> 01:29:25,830
8899 when the Euro came down to 120
8900
8901 2226
8902 01:29:27,120 ~-~-> 01:29:31,170
8903 the diametrically opposed tug of war.
8904
8905 2227
8906 01:29:31,260 ~-~-> 01:29:34,230
8907 Okay, the tide changed, price changed
8908
8909 2228
8910 01:29:34,320 ~-~-> 01:29:36,120
8911 and moved higher started trading higher.
8912
8913 2229
8914 01:29:36,690 ~-~-> 01:29:39,060
8915 And then they got in sync with the now
8916
8917 2230
8918 01:29:39,090 ~-~-> 01:29:41,880
8919 new bull move. Okay, as the commercials
8920
8921 2231
8922 01:29:41,880 ~-~-> 01:29:43,920
8923 not started the liquidator long
8924
8925 2232
8926 01:29:43,920 ~-~-> 01:29:45,900
8927 positions, who was assuming the other
8928
8929 2233
8930 01:29:45,900 ~-~-> 01:29:47,160
8931 side of the long positions, they're
8932
8933 2234
8934 01:29:47,160 ~-~-> 01:29:50,040
8935 selling the funds. Okay, you see how
8936
8937 2235
8938 01:29:50,040 ~-~-> 01:29:51,480
8939 there's an entertains relationship
8940
8941 2236
8942 01:29:51,480 ~-~-> 01:29:53,550
8943 between the two. As the commercials move
8944
8945 2237
8946 01:29:53,550 ~-~-> 01:29:56,160
8947 higher, the fun start moving lower. This
8948
8949 2238
8950 01:29:56,160 ~-~-> 01:29:58,380
8951 is one of the absolutely wonderful
8952
8953 2239
8954 01:29:59,070 ~-~-> 01:30:01,110
8955 secrets. If you We'll to how the
8956
8957 2240
8958 01:30:01,110 ~-~-> 01:30:03,990
8959 dynamics of the marketplace work. And if
8960
8961 2241
8962 01:30:03,990 ~-~-> 01:30:05,850
8963 you understand the relationship between
8964
8965 2242
8966 01:30:05,850 ~-~-> 01:30:09,030
8967 these two, okay, it's a dance. Okay?
8968
8969 2243
8970 01:30:09,030 ~-~-> 01:30:11,130
8971 It's a beautiful dance between two
8972
8973 2244
8974 01:30:11,130 ~-~-> 01:30:12,720
8975 entities in the marketplace to
8976
8977 2245
8978 01:30:12,720 ~-~-> 01:30:15,300
8979 absolutely give you every insight that
8980
8981 2246
8982 01:30:15,300 ~-~-> 01:30:17,550
8983 you would absolutely love to know. But
8984
8985 2247
8986 01:30:17,550 ~-~-> 01:30:18,930
8987 you probably didn't even know you needed
8988
8989 2248
8990 01:30:18,930 ~-~-> 01:30:20,970
8991 to need this have had this information.
8992
8993 2249
8994 01:30:21,180 ~-~-> 01:30:22,500
8995 I mean, think about it. If you didn't
8996
8997 2250
8998 01:30:22,500 ~-~-> 01:30:25,620
8999 see this before, you probably never many
9000
9001 2251
9002 01:30:25,620 ~-~-> 01:30:26,550
9003 of you probably never even knew this
9004
9005 2252
9006 01:30:26,550 ~-~-> 01:30:28,770
9007 existed, let alone Let it be free
9008
9009 2253
9010 01:30:28,770 ~-~-> 01:30:30,840
9011 information. Okay. Because if if the
9012
9013 2254
9014 01:30:30,840 ~-~-> 01:30:32,940
9015 information is free, they have to buy
9016
9017 2255
9018 01:30:32,970 ~-~-> 01:30:34,080
9019 it. This is one thing that government
9020
9021 2256
9022 01:30:34,080 ~-~-> 01:30:37,080
9023 did, right? They forced large traders to
9024
9025 2257
9026 01:30:37,080 ~-~-> 01:30:40,050
9027 tell us whether they're net long or net
9028
9029 2258
9030 01:30:40,050 ~-~-> 01:30:41,730
9031 short now imagine if they could do that
9032
9033 2259
9034 01:30:42,030 ~-~-> 01:30:45,060
9035 for stocks. I mean, that'd be wonderful
9036
9037 2260
9038 01:30:45,090 ~-~-> 01:30:46,560
9039 for a once we have no problem making
9040
9041 2261
9042 01:30:46,560 ~-~-> 01:30:49,230
9043 money then Okay. So now looking at this
9044
9045 2262
9046 01:30:49,230 ~-~-> 01:30:51,210
9047 example, okay, here we have the like we
9048
9049 2263
9050 01:30:51,210 ~-~-> 01:30:52,740
9051 were talking about earlier, we have a
9052
9053 2264
9054 01:30:52,740 ~-~-> 01:30:55,080
9055 net long position by the commercials,
9056
9057 2265
9058 01:30:55,470 ~-~-> 01:30:58,560
9059 okay, net long, hugely net long. Okay,
9060
9061 2266
9062 01:30:58,560 ~-~-> 01:31:00,990
9063 and then eventually price starts to move
9064
9065 2267
9066 01:31:00,990 ~-~-> 01:31:03,990
9067 higher, then they swing down below net
9068
9069 2268
9070 01:31:03,990 ~-~-> 01:31:06,150
9071 zero. So now they're bearish to have a
9072
9073 2269
9074 01:31:06,150 ~-~-> 01:31:08,130
9075 net short position. What do you think
9076
9077 2270
9078 01:31:08,130 ~-~-> 01:31:09,450
9079 price should be doing at that point?
9080
9081 2271
9082 01:31:09,690 ~-~-> 01:31:11,820
9083 It's going to correct. You see that
9084
9085 2272
9086 01:31:11,820 ~-~-> 01:31:13,560
9087 happened here. It comes down and
9088
9089 2273
9090 01:31:13,560 ~-~-> 01:31:16,050
9091 corrects to what an old support level
9092
9093 2274
9094 01:31:16,050 ~-~-> 01:31:18,210
9095 and see this. Okay, price comes down to
9096
9097 2275
9098 01:31:18,210 ~-~-> 01:31:20,700
9099 that price level. Now also look very
9100
9101 2276
9102 01:31:20,700 ~-~-> 01:31:23,520
9103 closely, you'll see price moving up
9104
9105 2277
9106 01:31:23,550 ~-~-> 01:31:25,320
9107 aggressively, and then trading all the
9108
9109 2278
9110 01:31:25,320 ~-~-> 01:31:26,700
9111 way back coming back inside of that
9112
9113 2279
9114 01:31:26,700 ~-~-> 01:31:29,880
9115 range right there. Okay, see that? This
9116
9117 2280
9118 01:31:29,880 ~-~-> 01:31:31,770
9119 is optimal trade entry. This is the
9120
9121 2281
9122 01:31:31,770 ~-~-> 01:31:37,380
9123 classic ICT entry pattern. Okay. If you
9124
9125 2282
9126 01:31:37,380 ~-~-> 01:31:39,390
9127 were an indicator driven driven trader,
9128
9129 2283
9130 01:31:39,480 ~-~-> 01:31:41,880
9131 if you look for over sold bullish
9132
9133 2284
9134 01:31:41,880 ~-~-> 01:31:44,310
9135 divergence scenarios in this environment
9136
9137 2285
9138 01:31:44,310 ~-~-> 01:31:47,160
9139 right in here, you would have hugely
9140
9141 2286
9142 01:31:47,670 ~-~-> 01:31:51,480
9143 popular results in terms of success
9144
9145 2287
9146 01:31:51,780 ~-~-> 01:31:53,880
9147 being a buyer at that time point. Okay.
9148
9149 2288
9150 01:31:54,300 ~-~-> 01:31:55,890
9151 That's when your indicators work. And
9152
9153 2289
9154 01:31:55,890 ~-~-> 01:31:57,420
9155 also notice once we got back down to
9156
9157 2290
9158 01:31:57,420 ~-~-> 01:31:58,770
9159 this level one, you know, the
9160
9161 2291
9162 01:31:58,770 ~-~-> 01:32:00,990
9163 commercials were now net Long so now
9164
9165 2292
9166 01:32:00,990 ~-~-> 01:32:03,060
9167 they're assuming another long position
9168
9169 2293
9170 01:32:03,930 ~-~-> 01:32:06,480
9171 to the trend if you will, is in a bull
9172
9173 2294
9174 01:32:06,480 ~-~-> 01:32:08,310
9175 market and you want to be in sync with
9176
9177 2295
9178 01:32:08,310 ~-~-> 01:32:10,320
9179 with them. So here they are the net
9180
9181 2296
9182 01:32:10,320 ~-~-> 01:32:13,440
9183 long. The large speculators are the
9184
9185 2297
9186 01:32:13,440 ~-~-> 01:32:15,690
9187 funds, they're short here. Okay, they
9188
9189 2298
9190 01:32:15,690 ~-~-> 01:32:17,370
9191 wrote this little bit of a move down.
9192
9193 2299
9194 01:32:17,970 ~-~-> 01:32:19,620
9195 Now it's time to get in gear with the
9196
9197 2300
9198 01:32:19,680 ~-~-> 01:32:21,810
9199 move higher again resumed the primary
9200
9201 2301
9202 01:32:21,810 ~-~-> 01:32:23,880
9203 macro trend higher to commercials
9204
9205 2302
9206 01:32:23,910 ~-~-> 01:32:26,580
9207 establish new Long's in here. Price
9208
9209 2303
9210 01:32:26,580 ~-~-> 01:32:28,470
9211 should be rallying as it rallies the
9212
9213 2304
9214 01:32:28,470 ~-~-> 01:32:31,020
9215 unwind that hedge and as they drop it
9216
9217 2305
9218 01:32:31,020 ~-~-> 01:32:33,060
9219 off in here, who's buying the other side
9220
9221 2306
9222 01:32:33,060 ~-~-> 01:32:35,550
9223 of it to large funds until we get to a
9224
9225 2307
9226 01:32:35,550 ~-~-> 01:32:37,530
9227 diametrically opposed position again,
9228
9229 2308
9230 01:32:38,190 ~-~-> 01:32:40,290
9231 when we have this extreme largest net
9232
9233 2309
9234 01:32:40,290 ~-~-> 01:32:41,760
9235 short position in the last 12 months
9236
9237 2310
9238 01:32:41,760 ~-~-> 01:32:43,980
9239 there should be a high forming. There's
9240
9241 2311
9242 01:32:43,980 ~-~-> 01:32:47,010
9243 your high now, price comes back up to an
9244
9245 2312
9246 01:32:47,010 ~-~-> 01:32:49,440
9247 old level of support resistance and we
9248
9249 2313
9250 01:32:49,440 ~-~-> 01:32:50,970
9251 have a price move from this high down to
9252
9253 2314
9254 01:32:50,970 ~-~-> 01:32:54,450
9255 this low grade in here. If you look at
9256
9257 2315
9258 01:32:54,510 ~-~-> 01:32:57,330
9259 the weekly chart, as we discussed in the
9260
9261 2316
9262 01:32:57,330 ~-~-> 01:33:00,000
9263 position trading set, we talked about we
9264
9265 2317
9266 01:33:00,000 ~-~-> 01:33:02,220
9267 The order blocks, you'll see price in
9268
9269 2318
9270 01:33:02,220 ~-~-> 01:33:03,450
9271 this example comes right up to that
9272
9273 2319
9274 01:33:03,450 ~-~-> 01:33:05,610
9275 price point. Okay? And that's when it
9276
9277 2320
9278 01:33:05,700 ~-~-> 01:33:08,010
9279 gives you the high based on the
9280
9281 2321
9282 01:33:08,010 ~-~-> 01:33:11,100
9283 fundamental drivers in co2 data and we
9284
9285 2322
9286 01:33:11,100 ~-~-> 01:33:13,860
9287 start to move lower and resume the
9288
9289 2323
9290 01:33:13,860 ~-~-> 01:33:17,070
9291 downtrend. Okay. Because we have another
9292
9293 2324
9294 01:33:17,880 ~-~-> 01:33:20,220
9295 net short position extreme by the
9296
9297 2325
9298 01:33:20,220 ~-~-> 01:33:23,280
9299 commercials. Okay, so that's a graphic
9300
9301 2326
9302 01:33:23,280 ~-~-> 01:33:27,570
9303 depiction, if you will of. So that's a
9304
9305 2327
9306 01:33:27,570 ~-~-> 01:33:30,240
9307 graphic depiction, if you will, of the
9308
9309 2328
9310 01:33:30,600 ~-~-> 01:33:32,610
9311 trend of the commercials or trade
9312
9313 2329
9314 01:33:32,640 ~-~-> 01:33:33,930
9315 Commitment of Traders and commercials
9316
9317 2330
9318 01:33:33,930 ~-~-> 01:33:39,960
9319 and how they move. But look at this
9320
9321 2331
9322 01:33:39,960 ~-~-> 01:33:41,970
9323 example here. Okay, this is what gets a
9324
9325 2332
9326 01:33:41,970 ~-~-> 01:33:45,510
9327 lot of folks disgruntled with the use of
9328
9329 2333
9330 01:33:45,810 ~-~-> 01:33:49,860
9331 Commitment of Traders. Looking at where
9332
9333 2334
9334 01:33:49,860 ~-~-> 01:33:53,160
9335 we are just simply over, are we above or
9336
9337 2335
9338 01:33:53,160 ~-~-> 01:33:55,350
9339 below the zero line, that's not enough.
9340
9341 2336
9342 01:33:55,500 ~-~-> 01:33:58,170
9343 You have to have price action included
9344
9345 2337
9346 01:33:58,440 ~-~-> 01:34:00,000
9347 with the understanding because if you
9348
9349 2338
9350 01:34:00,000 ~-~-> 01:34:01,380
9351 Looking at this example here, you can
9352
9353 2339
9354 01:34:01,380 ~-~-> 01:34:02,550
9355 clearly see that there was a
9356
9357 2340
9358 01:34:02,550 ~-~-> 01:34:04,230
9359 diametrically opposed position between
9360
9361 2341
9362 01:34:04,230 ~-~-> 01:34:08,490
9363 two net shorts held by commercials, and
9364
9365 2342
9366 01:34:08,520 ~-~-> 01:34:11,580
9367 net longs held by the large speculators.
9368
9369 2343
9370 01:34:11,640 ~-~-> 01:34:12,150
9371 So
9372
9373 2344
9374 01:34:14,340 ~-~-> 01:34:16,110
9375 common sense tells us that we should be
9376
9377 2345
9378 01:34:16,110 ~-~-> 01:34:18,390
9379 expecting a high to form, but look what
9380
9381 2346
9382 01:34:18,390 ~-~-> 01:34:20,940
9383 takes place. These are weekly candles,
9384
9385 2347
9386 01:34:21,000 ~-~-> 01:34:23,910
9387 okay? There's roughly three months,
9388
9389 2348
9390 01:34:23,970 ~-~-> 01:34:27,360
9391 okay? or so before the actual high was
9392
9393 2349
9394 01:34:27,360 ~-~-> 01:34:29,670
9395 formed, and then start to see the Euro
9396
9397 2350
9398 01:34:29,670 ~-~-> 01:34:30,810
9399 start trading down. So that's what I'm
9400
9401 2351
9402 01:34:30,810 ~-~-> 01:34:33,690
9403 trying to explain to you. It's not to
9404
9405 2352
9406 01:34:33,690 ~-~-> 01:34:37,530
9407 simply having the net short position or
9408
9409 2353
9410 01:34:37,530 ~-~-> 01:34:38,970
9411 net long positions with commercials,
9412
9413 2354
9414 01:34:39,150 ~-~-> 01:34:40,890
9415 okay, that's not enough. You have to
9416
9417 2355
9418 01:34:40,890 ~-~-> 01:34:42,360
9419 have support resistance. You have to
9420
9421 2356
9422 01:34:42,360 ~-~-> 01:34:44,310
9423 have market structure. You have to have
9424
9425 2357
9426 01:34:44,310 ~-~-> 01:34:47,160
9427 all those facets together to complement
9428
9429 2358
9430 01:34:47,160 ~-~-> 01:34:48,990
9431 your analysis and not to simply putting
9432
9433 2359
9434 01:34:48,990 ~-~-> 01:34:50,430
9435 everything on one tool.
9436
9437 2360
9438 01:34:56,250 ~-~-> 01:34:58,950
9439 Now looking obviously at the net long
9440
9441 2361
9442 01:34:58,950 ~-~-> 01:35:01,590
9443 position here held by the commercials
9444
9445 2362
9446 01:35:02,700 ~-~-> 01:35:04,800
9447 when you see that if you have been
9448
9449 2363
9450 01:35:04,800 ~-~-> 01:35:07,080
9451 selling and you've been bearish, okay,
9452
9453 2364
9454 01:35:07,380 ~-~-> 01:35:10,530
9455 looking for new shorts should again
9456
9457 2365
9458 01:35:10,530 ~-~-> 01:35:14,160
9459 start with like weaning back the amount
9460
9461 2366
9462 01:35:14,190 ~-~-> 01:35:17,070
9463 of risk on your your shorts and start
9464
9465 2367
9466 01:35:17,070 ~-~-> 01:35:21,870
9467 expecting some level of rejection around
9468
9469 2368
9470 01:35:21,870 ~-~-> 01:35:23,580
9471 higher level support and resistance
9472
9473 2369
9474 01:35:23,760 ~-~-> 01:35:26,340
9475 levels. Now I don't have the charts in
9476
9477 2370
9478 01:35:26,340 ~-~-> 01:35:27,990
9479 this example. But if you go out to
9480
9481 2371
9482 01:35:27,990 ~-~-> 01:35:29,820
9483 historical charts and you look at the
9484
9485 2372
9486 01:35:29,820 ~-~-> 01:35:33,840
9487 120 level, it's very indicative of a key
9488
9489 2373
9490 01:35:33,840 ~-~-> 01:35:36,210
9491 support level. And when price came down
9492
9493 2374
9494 01:35:36,210 ~-~-> 01:35:38,040
9495 to that level, and if you just recently
9496
9497 2375
9498 01:35:38,040 ~-~-> 01:35:40,740
9499 saw in the last year or so, we were
9500
9501 2376
9502 01:35:40,740 ~-~-> 01:35:44,640
9503 calling the market to trade around that
9504
9505 2377
9506 01:35:44,640 ~-~-> 01:35:46,410
9507 same level again, and that was the low
9508
9509 2378
9510 01:35:46,410 ~-~-> 01:35:48,480
9511 of the year last year. So when you see
9512
9513 2379
9514 01:35:48,480 ~-~-> 01:35:51,150
9515 that in video on YouTube, on the inner
9516
9517 2380
9518 01:35:51,150 ~-~-> 01:35:54,210
9519 circle trader YouTube channel, you can
9520
9521 2381
9522 01:35:54,210 ~-~-> 01:35:56,910
9523 see it's it's it's there, I mean, it was
9524
9525 2382
9526 01:35:56,940 ~-~-> 01:36:00,600
9527 called in advance and it is Basically
9528
9529 2383
9530 01:36:00,600 ~-~-> 01:36:02,250
9531 using the information that I'm showing
9532
9533 2384
9534 01:36:02,250 ~-~-> 01:36:05,970
9535 you here, understanding again that the
9536
9537 2385
9538 01:36:05,970 ~-~-> 01:36:08,520
9539 idea of support resistance is the the
9540
9541 2386
9542 01:36:08,520 ~-~-> 01:36:11,580
9543 central tenant to why this works, not
9544
9545 2387
9546 01:36:11,580 ~-~-> 01:36:13,080
9547 just simply are the commercials net long
9548
9549 2388
9550 01:36:13,080 ~-~-> 01:36:14,580
9551 and short. You want to be looking at
9552
9553 2389
9554 01:36:14,580 ~-~-> 01:36:16,050
9555 support resistance. You want to be
9556
9557 2390
9558 01:36:16,050 ~-~-> 01:36:17,550
9559 looking at market structure, are we in a
9560
9561 2391
9562 01:36:17,820 ~-~-> 01:36:20,310
9563 overall bullish or bearish market
9564
9565 2392
9566 01:36:20,310 ~-~-> 01:36:22,080
9567 environment? Are we making higher highs
9568
9569 2393
9570 01:36:22,080 ~-~-> 01:36:23,580
9571 higher lows? We're making lower lows
9572
9573 2394
9574 01:36:23,580 ~-~-> 01:36:27,030
9575 lower highs, have we broken significant
9576
9577 2395
9578 01:36:27,030 ~-~-> 01:36:28,980
9579 resistance and then has it turned to
9580
9581 2396
9582 01:36:28,980 ~-~-> 01:36:30,990
9583 support and now as the commercials
9584
9585 2397
9586 01:36:31,080 ~-~-> 01:36:33,450
9587 signifying that there's a major trend
9588
9589 2398
9590 01:36:33,450 ~-~-> 01:36:36,330
9591 change underway, okay, as we see here in
9592
9593 2399
9594 01:36:36,360 ~-~-> 01:36:39,900
9595 the year 2009, around April in June time
9596
9597 2400
9598 01:36:39,900 ~-~-> 01:36:41,970
9599 period, all of a sudden that that low,
9600
9601 2401
9602 01:36:42,360 ~-~-> 01:36:43,560
9603 you know, formed and he had an
9604
9605 2402
9606 01:36:43,560 ~-~-> 01:36:46,380
9607 astronomical opportunity to capture a
9608
9609 2403
9610 01:36:46,380 ~-~-> 01:36:48,180
9611 huge amount of pips.
9612
9613 2404
9614 01:36:53,970 ~-~-> 01:36:55,740
9615 Same thing can be said here. When we
9616
9617 2405
9618 01:36:55,740 ~-~-> 01:36:57,690
9619 have this extreme level, net short
9620
9621 2406
9622 01:36:57,690 ~-~-> 01:37:00,450
9623 position. You're probably thinking Well,
9624
9625 2407
9626 01:37:00,450 ~-~-> 01:37:02,040
9627 I don't have a lot of time to be waiting
9628
9629 2408
9630 01:37:02,040 ~-~-> 01:37:03,840
9631 around for these yearly moves here,
9632
9633 2409
9634 01:37:03,870 ~-~-> 01:37:06,840
9635 okay, you know, these net long extremes.
9636
9637 2410
9638 01:37:07,170 ~-~-> 01:37:08,730
9639 I don't have time for that, well, that's
9640
9641 2411
9642 01:37:08,730 ~-~-> 01:37:10,980
9643 wonderful. Okay, you don't have to have
9644
9645 2412
9646 01:37:10,980 ~-~-> 01:37:13,740
9647 time. All you need to know is where
9648
9649 2413
9650 01:37:13,740 ~-~-> 01:37:16,170
9651 we're at in terms of the trend, okay?
9652
9653 2414
9654 01:37:16,170 ~-~-> 01:37:19,020
9655 And you can get in sync with that. If we
9656
9657 2415
9658 01:37:19,020 ~-~-> 01:37:20,610
9659 see that there's a heavy net short
9660
9661 2416
9662 01:37:20,610 ~-~-> 01:37:24,330
9663 position here. We don't have to have the
9664
9665 2417
9666 01:37:24,330 ~-~-> 01:37:27,390
9667 bets highly leveraged, okay, we're going
9668
9669 2418
9670 01:37:27,390 ~-~-> 01:37:29,610
9671 to see the high form in this euro
9672
9673 2419
9674 01:37:29,610 ~-~-> 01:37:31,500
9675 market, okay, we would expect it to
9676
9677 2420
9678 01:37:31,500 ~-~-> 01:37:33,930
9679 break down then try to rally again, kind
9680
9681 2421
9682 01:37:33,930 ~-~-> 01:37:37,500
9683 of like in here. See, price broke down,
9684
9685 2422
9686 01:37:37,740 ~-~-> 01:37:42,000
9687 took out a low rally again failed. If
9688
9689 2423
9690 01:37:42,000 ~-~-> 01:37:43,260
9691 you look at optimal trade entry
9692
9693 2424
9694 01:37:44,070 ~-~-> 01:37:46,110
9695 concepts, this is your your entry point
9696
9697 2425
9698 01:37:46,110 ~-~-> 01:37:47,250
9699 right in here, this is what you would be
9700
9701 2426
9702 01:37:47,250 ~-~-> 01:37:49,620
9703 looking for. Then when you break down
9704
9705 2427
9706 01:37:49,620 ~-~-> 01:37:52,440
9707 below the low that this formed. This is
9708
9709 2428
9710 01:37:52,440 ~-~-> 01:37:54,420
9711 when you have a very clear shift in
9712
9713 2429
9714 01:37:54,420 ~-~-> 01:37:56,250
9715 market structure or break in structure.
9716
9717 2430
9718 01:37:57,180 ~-~-> 01:38:00,720
9719 Then low that's anchored to this Here
9720
9721 2431
9722 01:38:00,960 ~-~-> 01:38:02,940
9723 retraces then you have another apple
9724
9725 2432
9726 01:38:03,180 ~-~-> 01:38:05,760
9727 tree right in here. And boom, you have a
9728
9729 2433
9730 01:38:05,760 ~-~-> 01:38:08,100
9731 nice sell off. Okay, several hundred
9732
9733 2434
9734 01:38:08,100 ~-~-> 01:38:10,440
9735 pips. Again made available to you.
9736
9737 2435
9738 01:38:10,860 ~-~-> 01:38:12,990
9739 That's what this concept teaches you. It
9740
9741 2436
9742 01:38:12,990 ~-~-> 01:38:15,060
9743 doesn't give you the 50 PIP trades,
9744
9745 2437
9746 01:38:15,390 ~-~-> 01:38:17,550
9747 okay? It doesn't give you the hundred
9748
9749 2438
9750 01:38:17,550 ~-~-> 01:38:20,640
9751 and 20 pips weekly ranges, okay? It
9752
9753 2439
9754 01:38:20,640 ~-~-> 01:38:24,420
9755 gives you the 500 plus PIP moves to 1000
9756
9757 2440
9758 01:38:24,420 ~-~-> 01:38:26,550
9759 pips. Okay? That's the type of trades
9760
9761 2441
9762 01:38:26,550 ~-~-> 01:38:30,360
9763 that sets up. Now looking again at this
9764
9765 2442
9766 01:38:30,360 ~-~-> 01:38:32,040
9767 area here where we went short by the
9768
9769 2443
9770 01:38:32,040 ~-~-> 01:38:34,500
9771 commercials, okay, there's a lot of
9772
9773 2444
9774 01:38:34,500 ~-~-> 01:38:36,330
9775 money to be made just trading inside
9776
9777 2445
9778 01:38:36,360 ~-~-> 01:38:38,940
9779 this but keeping their perspective in
9780
9781 2446
9782 01:38:38,940 ~-~-> 01:38:41,040
9783 mind and knowing that, okay, we just
9784
9785 2447
9786 01:38:41,040 ~-~-> 01:38:42,960
9787 came out of a net long position, that's
9788
9789 2448
9790 01:38:42,960 ~-~-> 01:38:45,270
9791 extreme. We're retracing. If we come
9792
9793 2449
9794 01:38:45,270 ~-~-> 01:38:46,920
9795 back down to these levels here support
9796
9797 2450
9798 01:38:46,920 ~-~-> 01:38:49,020
9799 at around 130. See how it bounced off
9800
9801 2451
9802 01:38:49,020 ~-~-> 01:38:51,180
9803 that level there. Okay, we had some
9804
9805 2452
9806 01:38:51,180 ~-~-> 01:38:52,590
9807 resistance here. It did violate a little
9808
9809 2453
9810 01:38:52,590 ~-~-> 01:38:54,090
9811 bit, okay, but generally, you see the
9812
9813 2454
9814 01:38:54,090 ~-~-> 01:38:56,250
9815 bounce here. When we trade it back down
9816
9817 2455
9818 01:38:56,250 ~-~-> 01:38:57,960
9819 to that 130 level and commercials were
9820
9821 2456
9822 01:38:57,960 ~-~-> 01:39:01,770
9823 net long. With the backdrop of this net
9824
9825 2457
9826 01:39:01,770 ~-~-> 01:39:05,010
9827 long position extreme, you have to have
9828
9829 2458
9830 01:39:05,010 ~-~-> 01:39:06,930
9831 this in mind that this could be a very
9832
9833 2459
9834 01:39:06,930 ~-~-> 01:39:09,450
9835 explosive move coming off of that 130
9836
9837 2460
9838 01:39:09,450 ~-~-> 01:39:12,330
9839 level, simply utilizing the market
9840
9841 2461
9842 01:39:12,330 ~-~-> 01:39:13,800
9843 structure shift that took place here,
9844
9845 2462
9846 01:39:13,800 ~-~-> 01:39:15,900
9847 see I have a high and then blew through
9848
9849 2463
9850 01:39:15,900 ~-~-> 01:39:17,790
9851 it right there. Okay, we have a market
9852
9853 2464
9854 01:39:17,790 ~-~-> 01:39:19,800
9855 structure shift comes back down to noon,
9856
9857 2465
9858 01:39:20,430 ~-~-> 01:39:23,880
9859 resistance broken. Now support with
9860
9861 2466
9862 01:39:23,880 ~-~-> 01:39:27,420
9863 commercials on the backside of neck long
9864
9865 2467
9866 01:39:27,450 ~-~-> 01:39:29,730
9867 position by the commercials, man that's
9868
9869 2468
9870 01:39:29,730 ~-~-> 01:39:32,550
9871 like a, that's like candy, that's candy
9872
9873 2469
9874 01:39:32,760 ~-~-> 01:39:35,880
9875 and the set up one to two times a year.
9876
9877 2470
9878 01:39:37,110 ~-~-> 01:39:39,180
9879 That's where you hunt. That's what you
9880
9881 2471
9882 01:39:39,180 ~-~-> 01:39:42,270
9883 want to be the 90% of your time. Looking
9884
9885 2472
9886 01:39:42,270 ~-~-> 01:39:44,310
9887 at studying in price, you're looking for
9888
9889 2473
9890 01:39:44,310 ~-~-> 01:39:46,380
9891 these scenarios here. Okay, you're
9892
9893 2474
9894 01:39:46,380 ~-~-> 01:39:47,850
9895 looking for them. Because once you
9896
9897 2475
9898 01:39:47,850 ~-~-> 01:39:50,760
9899 identify that, look at how much time you
9900
9901 2476
9902 01:39:50,760 ~-~-> 01:39:53,190
9903 have when the trend starts moving. When
9904
9905 2477
9906 01:39:53,190 ~-~-> 01:39:54,510
9907 you're in these consolidations like
9908
9909 2478
9910 01:39:54,510 ~-~-> 01:39:57,090
9911 this, and like this and here, okay, and
9912
9913 2479
9914 01:39:57,090 ~-~-> 01:39:59,160
9915 down in here, you have to be a harmonic
9916
9917 2480
9918 01:39:59,160 ~-~-> 01:40:01,980
9919 trader. Okay, during consolidations,
9920
9921 2481
9922 01:40:01,980 ~-~-> 01:40:03,570
9923 when the markets in training ranges,
9924
9925 2482
9926 01:40:03,840 ~-~-> 01:40:05,820
9927 that's when harmonic trading is ideal.
9928
9929 2483
9930 01:40:05,850 ~-~-> 01:40:06,780
9931 That's when you make money with
9932
9933 2484
9934 01:40:06,780 ~-~-> 01:40:09,420
9935 harmonics, trading crabs and in gartley
9936
9937 2485
9938 01:40:09,420 ~-~-> 01:40:11,850
9939 and such, okay? But the way you make
9940
9941 2486
9942 01:40:11,850 ~-~-> 01:40:14,850
9943 astronomical explosive profits, okay?
9944
9945 2487
9946 01:40:14,850 ~-~-> 01:40:17,970
9947 And risk reward is astronomical, is when
9948
9949 2488
9950 01:40:17,970 ~-~-> 01:40:19,530
9951 you catch these types of moves here, you
9952
9953 2489
9954 01:40:19,530 ~-~-> 01:40:20,820
9955 put the trade on with very, very low
9956
9957 2490
9958 01:40:20,820 ~-~-> 01:40:23,490
9959 risk, and you'll let them run. Okay,
9960
9961 2491
9962 01:40:23,610 ~-~-> 01:40:26,280
9963 these are what I call mega trades, okay,
9964
9965 2492
9966 01:40:26,310 ~-~-> 01:40:27,630
9967 I've kind of dubbed that back in the
9968
9969 2493
9970 01:40:27,630 ~-~-> 01:40:30,030
9971 late 90s, where you look for one or two
9972
9973 2494
9974 01:40:30,030 ~-~-> 01:40:33,000
9975 big moves a year, and 9% of your study
9976
9977 2495
9978 01:40:33,000 ~-~-> 01:40:35,040
9979 time is based on that. And if you look
9980
9981 2496
9982 01:40:35,040 ~-~-> 01:40:37,830
9983 at the work over the last four years
9984
9985 2497
9986 01:40:37,830 ~-~-> 01:40:38,760
9987 that I've been doing with just with
9988
9989 2498
9990 01:40:38,760 ~-~-> 01:40:42,570
9991 forex on on the internet, all the major
9992
9993 2499
9994 01:40:42,570 ~-~-> 01:40:44,820
9995 moves has been pretty much called by me
9996
9997 2500
9998 01:40:44,820 ~-~-> 01:40:46,500
9999 in advance, and I'm not trying to beat
10000
10001 2501
10002 01:40:46,500 ~-~-> 01:40:48,570
10003 my chest and brag, okay, but asking
10004
10005 2502
10006 01:40:48,570 ~-~-> 01:40:49,890
10007 around and there's not a whole lot of
10008
10009 2503
10010 01:40:49,890 ~-~-> 01:40:51,570
10011 people that can do that, and it hasn't
10012
10013 2504
10014 01:40:51,570 ~-~-> 01:40:52,740
10015 been documented as well.
10016
10017 2505
10018 01:40:58,620 ~-~-> 01:41:00,000
10019 Alright, so now we're going to focus on
10020
10021 2506
10022 01:41:00,000 ~-~-> 01:41:03,570
10023 On this net long position here, when we
10024
10025 2507
10026 01:41:03,570 ~-~-> 01:41:05,940
10027 see this environment, what do you look
10028
10029 2508
10030 01:41:05,940 ~-~-> 01:41:09,810
10031 for? Well, I like to look for a
10032
10033 2509
10034 01:41:09,810 ~-~-> 01:41:12,030
10035 combination of things. Obviously I want
10036
10037 2510
10038 01:41:12,030 ~-~-> 01:41:16,140
10039 to see a market structure shift on a
10040
10041 2511
10042 01:41:16,170 ~-~-> 01:41:18,570
10043 inner intraday basis. Okay because it
10044
10045 2512
10046 01:41:18,600 ~-~-> 01:41:20,700
10047 you're going to see the chain change on
10048
10049 2513
10050 01:41:20,700 ~-~-> 01:41:22,740
10051 an intraday level intraday level before
10052
10053 2514
10054 01:41:22,740 ~-~-> 01:41:25,230
10055 you see it clearly on the weekly and
10056
10057 2515
10058 01:41:25,230 ~-~-> 01:41:26,850
10059 daily, okay, it's going to happen on the
10060
10061 2516
10062 01:41:26,850 ~-~-> 01:41:30,660
10063 intraday levels first, but what happens
10064
10065 2517
10066 01:41:30,660 ~-~-> 01:41:32,610
10067 is many times folks are spending too
10068
10069 2518
10070 01:41:32,610 ~-~-> 01:41:34,800
10071 much time on an intraday basis and not
10072
10073 2519
10074 01:41:34,800 ~-~-> 01:41:37,710
10075 spending enough time where we are on a
10076
10077 2520
10078 01:41:37,710 ~-~-> 01:41:39,330
10079 macro level as it relates to the
10080
10081 2521
10082 01:41:39,330 ~-~-> 01:41:41,070
10083 intraday Okay, so now once they put way
10084
10085 2522
10086 01:41:41,070 ~-~-> 01:41:43,470
10087 too much emphasis on the intraday. When
10088
10089 2523
10090 01:41:43,470 ~-~-> 01:41:45,000
10091 we get to these environments like yes,
10092
10093 2524
10094 01:41:45,030 ~-~-> 01:41:49,560
10095 then I'm very very keen on knowing what
10096
10097 2525
10098 01:41:49,560 ~-~-> 01:41:51,210
10099 the intraday levels look like around
10100
10101 2526
10102 01:41:51,240 ~-~-> 01:41:53,400
10103 noon to five and 15 minute and one hour
10104
10105 2527
10106 01:41:53,400 ~-~-> 01:41:55,140
10107 basis because if we're trading at these
10108
10109 2528
10110 01:41:55,140 ~-~-> 01:41:56,970
10111 price levels, and around time of day we
10112
10113 2529
10114 01:41:56,970 ~-~-> 01:42:00,180
10115 start seeing explosive moves up I'm
10116
10117 2530
10118 01:42:00,180 ~-~-> 01:42:01,530
10119 gonna be looking for that retracement.
10120
10121 2531
10122 01:42:01,590 ~-~-> 01:42:03,480
10123 Okay, I'm gonna be looking for bullish
10124
10125 2532
10126 01:42:03,480 ~-~-> 01:42:04,950
10127 harmonic patterns I'm gonna be looking
10128
10129 2533
10130 01:42:04,950 ~-~-> 01:42:07,860
10131 for optimal trade entries I'm gonna be
10132
10133 2534
10134 01:42:07,860 ~-~-> 01:42:09,810
10135 looking for bullish reflection pattern
10136
10137 2535
10138 01:42:09,810 ~-~-> 01:42:11,760
10139 ICT reflections, I'm gonna be looking
10140
10141 2536
10142 01:42:11,760 ~-~-> 01:42:15,990
10143 for you to open up the days near the
10144
10145 2537
10146 01:42:15,990 ~-~-> 01:42:18,840
10147 low, okay and very minor moves from the
10148
10149 2538
10150 01:42:18,840 ~-~-> 01:42:21,060
10151 opening down and then exploding up to
10152
10153 2539
10154 01:42:21,060 ~-~-> 01:42:23,310
10155 close high on day. That's that's the,
10156
10157 2540
10158 01:42:23,370 ~-~-> 01:42:24,990
10159 that's the environment I'm looking for.
10160
10161 2541
10162 01:42:25,110 ~-~-> 01:42:27,930
10163 If I start seeing that unfold in the
10164
10165 2542
10166 01:42:27,930 ~-~-> 01:42:31,230
10167 daily on the daily ranges, I know I
10168
10169 2543
10170 01:42:31,230 ~-~-> 01:42:32,730
10171 probably got a tiger by the tail and if
10172
10173 2544
10174 01:42:32,730 ~-~-> 01:42:35,220
10175 I can get an intraday pullback on an
10176
10177 2545
10178 01:42:35,220 ~-~-> 01:42:37,470
10179 hourly or four or four hour basis and
10180
10181 2546
10182 01:42:37,470 ~-~-> 01:42:38,820
10183 catch an optimal trade entry, you know,
10184
10185 2547
10186 01:42:38,820 ~-~-> 01:42:41,160
10187 based on like a big figure number or
10188
10189 2548
10190 01:42:41,190 ~-~-> 01:42:43,440
10191 half mid figure or an institutional
10192
10193 2549
10194 01:42:43,440 ~-~-> 01:42:46,290
10195 level based on that initial pop because
10196
10197 2550
10198 01:42:46,320 ~-~-> 01:42:48,450
10199 you want to buy the first return. When
10200
10201 2551
10202 01:42:48,450 ~-~-> 01:42:50,910
10203 we see that big surge up and it starts
10204
10205 2552
10206 01:42:50,910 ~-~-> 01:42:52,650
10207 to retrace, I'm going to be testing the
10208
10209 2553
10210 01:42:52,650 ~-~-> 01:42:54,930
10211 waters and trying to catch that first,
10212
10213 2554
10214 01:42:55,290 ~-~-> 01:42:57,750
10215 you know return from where we came from.
10216
10217 2555
10218 01:42:57,810 ~-~-> 01:43:00,210
10219 At that 120 level. It may not get right
10220
10221 2556
10222 01:43:00,210 ~-~-> 01:43:01,800
10223 back down to that 120 level. In fact, I
10224
10225 2557
10226 01:43:01,800 ~-~-> 01:43:03,900
10227 don't want to go down to 120 level, I
10228
10229 2558
10230 01:43:03,900 ~-~-> 01:43:06,750
10231 want to see it blast off and try to fill
10232
10233 2559
10234 01:43:06,750 ~-~-> 01:43:09,720
10235 in the expansion of the recent price
10236
10237 2560
10238 01:43:09,720 ~-~-> 01:43:11,880
10239 action. Once it retraces back into an
10240
10241 2561
10242 01:43:11,910 ~-~-> 01:43:13,260
10243 existing order block on a lower
10244
10245 2562
10246 01:43:13,260 ~-~-> 01:43:16,140
10247 timeframe, I'd be looking to be a buyer
10248
10249 2563
10250 01:43:16,140 ~-~-> 01:43:19,320
10251 there. And then whatever market profits
10252
10253 2564
10254 01:43:19,320 ~-~-> 01:43:21,540
10255 I can acquire during that initial move,
10256
10257 2565
10258 01:43:21,750 ~-~-> 01:43:24,810
10259 that's what I'll use as a buffer to
10260
10261 2566
10262 01:43:24,870 ~-~-> 01:43:27,900
10263 allow me to take initial, you know,
10264
10265 2567
10266 01:43:28,650 ~-~-> 01:43:31,740
10267 Long's on the unit in the swing setup,
10268
10269 2568
10270 01:43:31,890 ~-~-> 01:43:35,340
10271 like we would have in here, right in
10272
10273 2569
10274 01:43:35,340 ~-~-> 01:43:37,620
10275 here. So if I, if I can make money down
10276
10277 2570
10278 01:43:37,620 ~-~-> 01:43:40,050
10279 here on this move in here, okay, if I
10280
10281 2571
10282 01:43:40,050 ~-~-> 01:43:42,330
10283 get a bounce in here, whatever profits I
10284
10285 2572
10286 01:43:42,330 ~-~-> 01:43:44,730
10287 have initially, I'm going to use that to
10288
10289 2573
10290 01:43:44,730 ~-~-> 01:43:48,750
10291 maximize the leverage, okay? When I get
10292
10293 2574
10294 01:43:48,750 ~-~-> 01:43:50,520
10295 this scenario here, because this is the
10296
10297 2575
10298 01:43:50,520 ~-~-> 01:43:53,100
10299 trend following event, where we'll see
10300
10301 2576
10302 01:43:53,100 ~-~-> 01:43:56,430
10303 the explosive portion of the trend and
10304
10305 2577
10306 01:43:56,430 ~-~-> 01:43:58,110
10307 the longest portion of that trend unfold
10308
10309 2578
10310 01:43:58,170 ~-~-> 01:44:00,210
10311 right in here. Okay, and we're gonna An
10312
10313 2579
10314 01:44:00,210 ~-~-> 01:44:01,710
10315 example of the Canadian dollar later on
10316
10317 2580
10318 01:44:01,710 ~-~-> 01:44:08,220
10319 exactly what I did this year. All right,
10320
10321 2581
10322 01:44:08,220 ~-~-> 01:44:09,990
10323 this is what it looks like on a forex
10324
10325 2582
10326 01:44:09,990 ~-~-> 01:44:12,270
10327 chart. Okay, same thing. All we're doing
10328
10329 2583
10330 01:44:12,270 ~-~-> 01:44:14,280
10331 is looking at the data in a forex
10332
10333 2584
10334 01:44:14,280 ~-~-> 01:44:17,190
10335 platform. And this is at the time this
10336
10337 2585
10338 01:44:17,190 ~-~-> 01:44:19,980
10339 was actually done with an FX cm. I don't
10340
10341 2586
10342 01:44:19,980 ~-~-> 01:44:23,160
10343 trade with FX cm at the moment, but this
10344
10345 2587
10346 01:44:23,160 ~-~-> 01:44:25,080
10347 is that that charting platform that was
10348
10349 2588
10350 01:44:25,080 ~-~-> 01:44:27,690
10351 used and you can see the price did make
10352
10353 2589
10354 01:44:27,690 ~-~-> 01:44:28,920
10355 the low here just like it did in the
10356
10357 2590
10358 01:44:28,920 ~-~-> 01:44:31,920
10359 commodity market and price rally. And
10360
10361 2591
10362 01:44:31,920 ~-~-> 01:44:33,300
10363 then here's that retracement back down
10364
10365 2592
10366 01:44:33,300 ~-~-> 01:44:36,750
10367 into a an existing order block, rallied
10368
10369 2593
10370 01:44:36,750 ~-~-> 01:44:39,000
10371 up retraced optimal trade entry and then
10372
10373 2594
10374 01:44:39,000 ~-~-> 01:44:41,640
10375 boom for the trend continuation. Here's
10376
10377 2595
10378 01:44:41,640 ~-~-> 01:44:42,900
10379 where the commercials were net long,
10380
10381 2596
10382 01:44:43,080 ~-~-> 01:44:46,560
10383 wildly net long. And here's where they
10384
10385 2597
10386 01:44:47,220 ~-~-> 01:44:49,350
10387 move back to a net long position and all
10388
10389 2598
10390 01:44:49,350 ~-~-> 01:44:52,170
10391 of a sudden took off. A lot of money to
10392
10393 2599
10394 01:44:52,170 ~-~-> 01:44:53,880
10395 be made right there. Lots and lots of
10396
10397 2600
10398 01:44:53,880 ~-~-> 01:44:55,170
10399 money to be made something like that.
10400
10401 2601
10402 01:44:59,220 ~-~-> 01:45:03,390
10403 Now Right in here, this scenario, okay,
10404
10405 2602
10406 01:45:03,420 ~-~-> 01:45:05,610
10407 much like we had described down here,
10408
10409 2603
10410 01:45:05,640 ~-~-> 01:45:07,710
10411 I'd be looking for very similar types of
10412
10413 2604
10414 01:45:07,740 ~-~-> 01:45:10,260
10415 events I'd be looking for, you know, if
10416
10417 2605
10418 01:45:10,260 ~-~-> 01:45:12,210
10419 you're an indicator based trader, like
10420
10421 2606
10422 01:45:12,210 ~-~-> 01:45:14,100
10423 MACD or something like that,
10424
10425 2607
10426 01:45:14,760 ~-~-> 01:45:15,630
10427 you could be looking for bullish
10428
10429 2608
10430 01:45:15,630 ~-~-> 01:45:18,240
10431 divergence. You could be looking for
10432
10433 2609
10434 01:45:18,270 ~-~-> 01:45:22,950
10435 trades set up with the Judas swing. In
10436
10437 2610
10438 01:45:22,950 ~-~-> 01:45:25,500
10439 other words, if price trades initially
10440
10441 2611
10442 01:45:25,590 ~-~-> 01:45:28,830
10443 intraday lower for the day, I would
10444
10445 2612
10446 01:45:28,830 ~-~-> 01:45:30,750
10447 expect price to make the low today first
10448
10449 2613
10450 01:45:30,750 ~-~-> 01:45:33,510
10451 and then rally up. I could be expected
10452
10453 2614
10454 01:45:33,510 ~-~-> 01:45:37,710
10455 to find ICT reflection patterns, bullish
10456
10457 2615
10458 01:45:37,710 ~-~-> 01:45:40,800
10459 harmonic patterns, okay. But the
10460
10461 2616
10462 01:45:40,800 ~-~-> 01:45:44,010
10463 problem, okay, harmonic traders have is
10464
10465 2617
10466 01:45:44,280 ~-~-> 01:45:46,890
10467 they'll be taking profits way too early.
10468
10469 2618
10470 01:45:47,400 ~-~-> 01:45:50,130
10471 Okay, because, yes, we're inside of an
10472
10473 2619
10474 01:45:50,130 ~-~-> 01:45:52,200
10475 ideal range environment for harmonic
10476
10477 2620
10478 01:45:52,200 ~-~-> 01:45:54,870
10479 trading. But they'll cut their profits
10480
10481 2621
10482 01:45:54,870 ~-~-> 01:45:57,870
10483 short, not understanding where we are on
10484
10485 2622
10486 01:45:57,870 ~-~-> 01:46:00,270
10487 the macro level perspective. They'll
10488
10489 2623
10490 01:46:00,300 ~-~-> 01:46:02,430
10491 cheat themselves all of the existence
10492
10493 2624
10494 01:46:03,870 ~-~-> 01:46:05,580
10495 potential profits that made available
10496
10497 2625
10498 01:46:05,820 ~-~-> 01:46:11,520
10499 and by doing that, it kills the In my
10500
10501 2626
10502 01:46:11,520 ~-~-> 01:46:15,780
10503 opinion, it kills the necessity to be
10504
10505 2627
10506 01:46:15,780 ~-~-> 01:46:17,340
10507 just a harmonic trader, even though I
10508
10509 2628
10510 01:46:17,340 ~-~-> 01:46:20,220
10511 have harmonic skills in my trading. I'm
10512
10513 2629
10514 01:46:20,220 ~-~-> 01:46:22,860
10515 not quote unquote harmonic trader, I am
10516
10517 2630
10518 01:46:22,860 ~-~-> 01:46:25,320
10519 a dynamic trader and I understand market
10520
10521 2631
10522 01:46:25,320 ~-~-> 01:46:27,270
10523 profiling. So when you understand how to
10524
10525 2632
10526 01:46:27,270 ~-~-> 01:46:30,300
10527 profile a market, you can work with any
10528
10529 2633
10530 01:46:30,300 ~-~-> 01:46:32,850
10531 market environment and be able to reap
10532
10533 2634
10534 01:46:32,850 ~-~-> 01:46:33,570
10535 profits.
10536
10537 2635
10538 01:46:38,610 ~-~-> 01:46:40,290
10539 So looking at this, we can actually see
10540
10541 2636
10542 01:46:40,860 ~-~-> 01:46:43,740
10543 a turtle soup, which is a false break
10544
10545 2637
10546 01:46:43,740 ~-~-> 01:46:46,590
10547 below an old low, quick rejection. Now
10548
10549 2638
10550 01:46:46,590 ~-~-> 01:46:48,960
10551 think about it. Price had rallied up
10552
10553 2639
10554 01:46:48,960 ~-~-> 01:46:52,080
10555 here, came down and bounced, where would
10556
10557 2640
10558 01:46:52,080 ~-~-> 01:46:55,140
10559 the funds and trend traders okay they
10560
10561 2641
10562 01:46:55,140 ~-~-> 01:46:56,280
10563 were lucky enough to buy down here or
10564
10565 2642
10566 01:46:56,280 ~-~-> 01:46:58,320
10567 maybe even down here or here. Where were
10568
10569 2643
10570 01:46:58,320 ~-~-> 01:46:59,700
10571 they now immediately move their stop
10572
10573 2644
10574 01:46:59,700 ~-~-> 01:47:02,010
10575 loss. right below here, right? So watch
10576
10577 2645
10578 01:47:02,010 ~-~-> 01:47:05,010
10579 what happens. Price rallies and comes
10580
10581 2646
10582 01:47:05,010 ~-~-> 01:47:07,560
10583 back down, takes out the stops. Why
10584
10585 2647
10586 01:47:07,560 ~-~-> 01:47:10,170
10587 would they do that? Why would price come
10588
10589 2648
10590 01:47:10,170 ~-~-> 01:47:11,670
10591 all the way back down here just to come
10592
10593 2649
10594 01:47:11,670 ~-~-> 01:47:13,740
10595 down just below this area, quickly run
10596
10597 2650
10598 01:47:13,740 ~-~-> 01:47:17,520
10599 it and rally away. Because these stops
10600
10601 2651
10602 01:47:17,580 ~-~-> 01:47:20,580
10603 are going to be what? Sell stops, sell
10604
10605 2652
10606 01:47:20,580 ~-~-> 01:47:22,770
10607 stops when they're triggered at market
10608
10609 2653
10610 01:47:22,770 ~-~-> 01:47:24,180
10611 price right here when price comes down
10612
10613 2654
10614 01:47:24,180 ~-~-> 01:47:25,500
10615 in your head and hits that level here,
10616
10617 2655
10618 01:47:25,770 ~-~-> 01:47:27,330
10619 all of the pending orders down here
10620
10621 2656
10622 01:47:27,330 ~-~-> 01:47:30,720
10623 become what market orders to do what to
10624
10625 2657
10626 01:47:30,720 ~-~-> 01:47:33,060
10627 sell. Why? Because they're net long in
10628
10629 2658
10630 01:47:33,060 ~-~-> 01:47:35,280
10631 here. So if they're trying to protect
10632
10633 2659
10634 01:47:35,280 ~-~-> 01:47:37,140
10635 your position they want to sell out of
10636
10637 2660
10638 01:47:37,140 ~-~-> 01:47:38,250
10639 it because they don't want to lose any
10640
10641 2661
10642 01:47:38,250 ~-~-> 01:47:40,500
10643 money, okay, or maybe lose some of the
10644
10645 2662
10646 01:47:40,500 ~-~-> 01:47:42,390
10647 profits. What will happen is price will
10648
10649 2663
10650 01:47:42,390 ~-~-> 01:47:45,270
10651 come down, trigger those pending orders
10652
10653 2664
10654 01:47:45,600 ~-~-> 01:47:47,910
10655 to sell stock becomes a market order to
10656
10657 2665
10658 01:47:47,910 ~-~-> 01:47:50,880
10659 sell at market who's going to buy at
10660
10661 2666
10662 01:47:50,880 ~-~-> 01:47:53,760
10663 market smart money. So they knock these
10664
10665 2667
10666 01:47:53,760 ~-~-> 01:47:55,680
10667 guys out of them. They're completely off
10668
10669 2668
10670 01:47:55,680 ~-~-> 01:47:58,020
10671 the bus now. And they assume their seat
10672
10673 2669
10674 01:47:58,260 ~-~-> 01:48:00,600
10675 right before the bus takes off. And hits
10676
10677 2670
10678 01:48:00,600 ~-~-> 01:48:02,430
10679 the destination they wanted to be part
10680
10681 2671
10682 01:48:02,430 ~-~-> 01:48:07,620
10683 of town here, here in here. So we start
10684
10685 2672
10686 01:48:07,620 ~-~-> 01:48:11,490
10687 to see rejections and, and raids on
10688
10689 2673
10690 01:48:11,490 ~-~-> 01:48:13,680
10691 liquidity pools right below old lows, I
10692
10693 2674
10694 01:48:13,680 ~-~-> 01:48:18,360
10695 love seeing that 90% of the best moves
10696
10697 2675
10698 01:48:18,630 ~-~-> 01:48:21,240
10699 take place with this environment right
10700
10701 2676
10702 01:48:21,240 ~-~-> 01:48:24,270
10703 in here. Okay? Now here's the wonderful
10704
10705 2677
10706 01:48:24,270 ~-~-> 01:48:26,310
10707 thing is the daily chart. If you see the
10708
10709 2678
10710 01:48:26,310 ~-~-> 01:48:28,260
10711 reaction like this, come down here, take
10712
10713 2679
10714 01:48:28,260 ~-~-> 01:48:30,960
10715 that out and reject. You can now look
10716
10717 2680
10718 01:48:30,960 ~-~-> 01:48:32,280
10719 for the environment where the market
10720
10721 2681
10722 01:48:32,280 ~-~-> 01:48:34,170
10723 opens and trades lower initially for the
10724
10725 2682
10726 01:48:34,170 ~-~-> 01:48:38,700
10727 day by that by that initial low moving
10728
10729 2683
10730 01:48:38,790 ~-~-> 01:48:40,920
10731 off of the opening, okay during the
10732
10733 2684
10734 01:48:40,920 ~-~-> 01:48:42,450
10735 London session, the London session is
10736
10737 2685
10738 01:48:42,450 ~-~-> 01:48:44,220
10739 going to create the load day typically
10740
10741 2686
10742 01:48:44,220 ~-~-> 01:48:45,750
10743 in that environment. And you'll see the
10744
10745 2687
10746 01:48:45,750 ~-~-> 01:48:47,460
10747 market rally up close high on the day
10748
10749 2688
10750 01:48:47,580 ~-~-> 01:48:48,840
10751 and then you'll see that phenomenon
10752
10753 2689
10754 01:48:48,870 ~-~-> 01:48:51,420
10755 unfold as we move higher. Okay, but with
10756
10757 2690
10758 01:48:51,420 ~-~-> 01:48:54,210
10759 minor retracements as we go along. Every
10760
10761 2691
10762 01:48:54,210 ~-~-> 01:48:56,760
10763 time the price retraces Okay, it comes
10764
10765 2692
10766 01:48:56,760 ~-~-> 01:48:59,280
10767 back to an order block. Okay or comes
10768
10769 2693
10770 01:48:59,280 ~-~-> 01:49:01,650
10771 back to an old support, or resistance,
10772
10773 2694
10774 01:49:01,650 ~-~-> 01:49:04,140
10775 broken turn support, or resistance,
10776
10777 2695
10778 01:49:04,170 ~-~-> 01:49:06,960
10779 broken turn support, or resistance
10780
10781 2696
10782 01:49:06,960 ~-~-> 01:49:09,840
10783 broken turn support, or resistance
10784
10785 2697
10786 01:49:09,870 ~-~-> 01:49:12,570
10787 broken turn support. Each one of those
10788
10789 2698
10790 01:49:12,570 ~-~-> 01:49:14,400
10791 environments is an opportunity for you
10792
10793 2699
10794 01:49:14,400 ~-~-> 01:49:17,070
10795 to be a buyer using directional premise.
10796
10797 2700
10798 01:49:17,460 ~-~-> 01:49:20,130
10799 There's no rocket science to it is just
10800
10801 2701
10802 01:49:20,130 ~-~-> 01:49:22,020
10803 a matter of looking for a combination of
10804
10805 2702
10806 01:49:22,020 ~-~-> 01:49:24,120
10807 ingredients, and then following the
10808
10809 2703
10810 01:49:24,120 ~-~-> 01:49:27,060
10811 recipe to get Blue Ribbon results. And
10812
10813 2704
10814 01:49:27,060 ~-~-> 01:49:29,010
10815 it takes some effort, guys, it's not
10816
10817 2705
10818 01:49:29,010 ~-~-> 01:49:30,990
10819 simply a magic wand where you wave in
10820
10821 2706
10822 01:49:30,990 ~-~-> 01:49:32,070
10823 front of your screen and it's going to
10824
10825 2707
10826 01:49:32,070 ~-~-> 01:49:34,500
10827 be a neon sign, okay? Or I'm not gonna
10828
10829 2708
10830 01:49:34,500 ~-~-> 01:49:36,180
10831 be on here every day tweeting, hey,
10832
10833 2709
10834 01:49:36,180 ~-~-> 01:49:38,070
10835 look, it's a buy day, or this is the day
10836
10837 2710
10838 01:49:38,070 ~-~-> 01:49:40,290
10839 you buy. Don't, don't, don't look to me
10840
10841 2711
10842 01:49:40,290 ~-~-> 01:49:42,960
10843 as an Oracle. I'm not that. I am an
10844
10845 2712
10846 01:49:42,960 ~-~-> 01:49:44,250
10847 educator. I'm trying to teach you how to
10848
10849 2713
10850 01:49:44,250 ~-~-> 01:49:46,230
10851 do this for yourself. I've been doing it
10852
10853 2714
10854 01:49:46,230 ~-~-> 01:49:47,760
10855 for 20 years. I know this stuff works.
10856
10857 2715
10858 01:49:47,790 ~-~-> 01:49:49,830
10859 It makes lots and lots and lots of money
10860
10861 2716
10862 01:49:50,040 ~-~-> 01:49:51,630
10863 and you don't need to do a whole lot to
10864
10865 2717
10866 01:49:51,630 ~-~-> 01:49:57,300
10867 make a lot of money. Alright, so now
10868
10869 2718
10870 01:49:57,300 ~-~-> 01:50:00,210
10871 looking at again, the price action takes
10872
10873 2719
10874 01:50:00,210 ~-~-> 01:50:01,770
10875 place here right before this, this is an
10876
10877 2720
10878 01:50:01,770 ~-~-> 01:50:03,780
10879 optimal trade entry. Okay, so if you've
10880
10881 2721
10882 01:50:03,780 ~-~-> 01:50:05,790
10883 run your fibs across this price action,
10884
10885 2722
10886 01:50:06,000 ~-~-> 01:50:07,980
10887 you would see this take place. The main
10888
10889 2723
10890 01:50:07,980 ~-~-> 01:50:09,210
10891 thing I really want you to understand
10892
10893 2724
10894 01:50:09,210 ~-~-> 01:50:11,700
10895 is, what makes this optimal is that it
10896
10897 2725
10898 01:50:11,700 ~-~-> 01:50:14,520
10899 comes back and fills this range. Okay,
10900
10901 2726
10902 01:50:14,520 ~-~-> 01:50:16,530
10903 from the low to the high, right before
10904
10905 2727
10906 01:50:16,530 ~-~-> 01:50:19,170
10907 it takes off this explosive move. This
10908
10909 2728
10910 01:50:19,170 ~-~-> 01:50:22,020
10911 is what is indicative of institutional
10912
10913 2729
10914 01:50:22,020 ~-~-> 01:50:24,990
10915 order flow. This is only going to occur
10916
10917 2730
10918 01:50:25,080 ~-~-> 01:50:26,430
10919 when there's going to be institutional
10920
10921 2731
10922 01:50:26,430 ~-~-> 01:50:29,460
10923 sponsorship, people that have lots and
10924
10925 2732
10926 01:50:29,460 ~-~-> 01:50:31,650
10927 lots and lots of money at their
10928
10929 2733
10930 01:50:31,650 ~-~-> 01:50:33,510
10931 disposal, and they're putting it to work
10932
10933 2734
10934 01:50:33,540 ~-~-> 01:50:36,450
10935 by buying this currency. And when it
10936
10937 2735
10938 01:50:36,450 ~-~-> 01:50:38,820
10939 rallies up like this, okay, it has to
10940
10941 2736
10942 01:50:38,820 ~-~-> 01:50:40,380
10943 cool down just like we saw in the
10944
10945 2737
10946 01:50:40,500 ~-~-> 01:50:43,140
10947 administrators, they went net short and
10948
10949 2738
10950 01:50:43,140 ~-~-> 01:50:44,820
10951 that's why you see this retracement.
10952
10953 2739
10954 01:50:45,330 ~-~-> 01:50:46,890
10955 What do they do? Again, they went to a
10956
10957 2740
10958 01:50:46,890 ~-~-> 01:50:49,530
10959 net long position. So these are buying
10960
10961 2741
10962 01:50:49,530 ~-~-> 01:50:51,960
10963 more aggressively right in here. And the
10964
10965 2742
10966 01:50:51,960 ~-~-> 01:50:54,840
10967 accumulated even more of the positions
10968
10969 2743
10970 01:50:54,840 ~-~-> 01:50:57,180
10971 made through liquidity by running out to
10972
10973 2744
10974 01:50:57,210 ~-~-> 01:50:59,280
10975 old low here. Notice there was no other
10976
10977 2745
10978 01:50:59,520 ~-~-> 01:51:01,770
10979 low tech Out prior This is the one
10980
10981 2746
10982 01:51:01,770 ~-~-> 01:51:04,230
10983 that's going to cause the x exponential
10984
10985 2747
10986 01:51:04,230 ~-~-> 01:51:07,170
10987 surge higher in price when you see that
10988
10989 2748
10990 01:51:07,440 ~-~-> 01:51:10,020
10991 in a move up, you see this you like to
10992
10993 2749
10994 01:51:10,020 ~-~-> 01:51:12,870
10995 trade the A to B C to D you know
10996
10997 2750
10998 01:51:14,250 ~-~-> 01:51:17,220
10999 price projections. Okay? When you see
11000
11001 2751
11002 01:51:17,220 ~-~-> 01:51:19,620
11003 this phenomenon This is what is the
11004
11005 2752
11006 01:51:19,620 ~-~-> 01:51:21,300
11007 telltale signature point and guess what
11008
11009 2753
11010 01:51:21,300 ~-~-> 01:51:24,090
11011 no one else teaches that nobody on the
11012
11013 2754
11014 01:51:24,090 ~-~-> 01:51:26,250
11015 internet teaches that but this is the
11016
11017 2755
11018 01:51:26,250 ~-~-> 01:51:29,670
11019 perfect scenario to justify when an ABCD
11020
11021 2756
11022 01:51:29,850 ~-~-> 01:51:32,280
11023 extension okay price swing when that
11024
11025 2757
11026 01:51:32,280 ~-~-> 01:51:34,710
11027 takes place this is what's there always
11028
11029 2758
11030 01:51:35,670 ~-~-> 01:51:39,180
11031 Okay, put that in your notes every ABCD
11032
11033 2759
11034 01:51:39,180 ~-~-> 01:51:41,310
11035 extension or price swing or measured
11036
11037 2760
11038 01:51:41,310 ~-~-> 01:51:45,630
11039 move always has this in it every single
11040
11041 2761
11042 01:51:45,630 ~-~-> 01:51:46,980
11043 one of them when it comes down blows out
11044
11045 2762
11046 01:51:46,980 ~-~-> 01:51:49,410
11047 the low in an existing price swing up
11048
11049 2763
11050 01:51:49,800 ~-~-> 01:51:51,000
11051 this is when you know what's going to
11052
11053 2764
11054 01:51:51,000 ~-~-> 01:51:53,010
11055 happen when it violates and rejects
11056
11057 2765
11058 01:51:53,040 ~-~-> 01:51:54,090
11059 that's it you know you're gonna get an
11060
11061 2766
11062 01:51:54,090 ~-~-> 01:51:55,890
11063 extension has What do you mean by that?
11064
11065 2767
11066 01:51:55,890 ~-~-> 01:51:58,500
11067 Well, watch this take the low to this
11068
11069 2768
11070 01:51:58,500 ~-~-> 01:52:01,230
11071 high see that range from This low to
11072
11073 2769
11074 01:52:01,230 ~-~-> 01:52:03,480
11075 high, when this thing rallies up, it's
11076
11077 2770
11078 01:52:03,480 ~-~-> 01:52:05,130
11079 going to do the same measured move from
11080
11081 2771
11082 01:52:05,130 ~-~-> 01:52:07,950
11083 this low to high off the low. And you
11084
11085 2772
11086 01:52:07,950 ~-~-> 01:52:10,290
11087 can see the range from this low to high
11088
11089 2773
11090 01:52:10,320 ~-~-> 01:52:13,290
11091 is duplicated from this low to this
11092
11093 2774
11094 01:52:13,290 ~-~-> 01:52:16,500
11095 high. So now you know how to do a
11096
11097 2775
11098 01:52:17,040 ~-~-> 01:52:19,680
11099 confirmation if you will have one of the
11100
11101 2776
11102 01:52:20,280 ~-~-> 01:52:22,320
11103 quote unquote, basic harmonic patterns
11104
11105 2777
11106 01:52:22,380 ~-~-> 01:52:26,430
11107 that no one else teaches. Alright, now,
11108
11109 2778
11110 01:52:26,490 ~-~-> 01:52:29,040
11111 obviously, it sounds like, you know,
11112
11113 2779
11114 01:52:29,070 ~-~-> 01:52:30,540
11115 it's so easy. You can't wait to get out
11116
11117 2780
11118 01:52:30,540 ~-~-> 01:52:32,160
11119 and start looking at commitment traders
11120
11121 2781
11122 01:52:32,160 ~-~-> 01:52:33,750
11123 and start making lots of money. But I
11124
11125 2782
11126 01:52:33,750 ~-~-> 01:52:35,280
11127 want you to understand it's not always
11128
11129 2783
11130 01:52:35,280 ~-~-> 01:52:37,860
11131 as clear as we would hope. Many times
11132
11133 2784
11134 01:52:38,010 ~-~-> 01:52:40,650
11135 it's simply understanding, are we
11136
11137 2785
11138 01:52:40,680 ~-~-> 01:52:43,800
11139 reducing net shorts, or are we reducing
11140
11141 2786
11142 01:52:43,830 ~-~-> 01:52:45,630
11143 net longs, it doesn't necessarily have
11144
11145 2787
11146 01:52:45,630 ~-~-> 01:52:47,670
11147 to be a net long net short position that
11148
11149 2788
11150 01:52:47,700 ~-~-> 01:52:49,410
11151 tells us something and that's when
11152
11153 2789
11154 01:52:49,410 ~-~-> 01:52:51,480
11155 another tool needs to come into play.
11156
11157 2790
11158 01:52:51,600 ~-~-> 01:52:53,400
11159 And that's going to be the tool of open
11160
11161 2791
11162 01:52:53,400 ~-~-> 01:52:54,180
11163 interest.
11164
11165 2792
11166 01:52:59,490 ~-~-> 01:53:01,770
11167 When we see price action like this where
11168
11169 2793
11170 01:53:01,770 ~-~-> 01:53:03,210
11171 the commercials are already net long,
11172
11173 2794
11174 01:53:03,480 ~-~-> 01:53:05,340
11175 okay? But they were coming out of the
11176
11177 2795
11178 01:53:05,340 ~-~-> 01:53:06,600
11179 net long positions aggressively and then
11180
11181 2796
11182 01:53:06,600 ~-~-> 01:53:08,730
11183 they added aggressively right here this
11184
11185 2797
11186 01:53:08,730 ~-~-> 01:53:11,640
11187 is indicative of a buy. This is
11188
11189 2798
11190 01:53:11,640 ~-~-> 01:53:15,990
11191 supporting a buy. Okay? They are yes net
11192
11193 2799
11194 01:53:15,990 ~-~-> 01:53:17,580
11195 long but they have been aggressively
11196
11197 2800
11198 01:53:17,580 ~-~-> 01:53:18,810
11199 coming off in that Long's but when they
11200
11201 2801
11202 01:53:18,810 ~-~-> 01:53:22,200
11203 see this buying surge again in here that
11204
11205 2802
11206 01:53:22,590 ~-~-> 01:53:24,990
11207 happens that occur right here. When we
11208
11209 2803
11210 01:53:24,990 ~-~-> 01:53:28,470
11211 come back down to this swing, this low
11212
11213 2804
11214 01:53:28,470 ~-~-> 01:53:30,720
11215 in here. When we look at price coming
11216
11217 2805
11218 01:53:30,720 ~-~-> 01:53:32,670
11219 down to these levels in here, we're
11220
11221 2806
11222 01:53:32,670 ~-~-> 01:53:34,770
11223 going to find support, it's justified by
11224
11225 2807
11226 01:53:34,770 ~-~-> 01:53:38,160
11227 them increasing net long positions. And
11228
11229 2808
11230 01:53:38,160 ~-~-> 01:53:40,860
11231 you see price taken off, okay? It's not
11232
11233 2809
11234 01:53:40,860 ~-~-> 01:53:45,690
11235 again, it's not indicative of easy
11236
11237 2810
11238 01:53:45,690 ~-~-> 01:53:48,540
11239 winnings by simply looking at the net
11240
11241 2811
11242 01:53:48,540 ~-~-> 01:53:50,730
11243 short net and net long position for the
11244
11245 2812
11246 01:53:50,730 ~-~-> 01:53:52,110
11247 commercial. That's not enough. You need
11248
11249 2813
11250 01:53:52,110 ~-~-> 01:53:56,970
11251 to have a little bit of perspective, if
11252
11253 2814
11254 01:53:56,970 ~-~-> 01:53:59,160
11255 you will. If for instance, I'll give you
11256
11257 2815
11258 01:53:59,160 ~-~-> 01:54:02,100
11259 this if The commercial are heavily net
11260
11261 2816
11262 01:54:02,100 ~-~-> 01:54:04,170
11263 short. Okay, if they're heavily net
11264
11265 2817
11266 01:54:04,170 ~-~-> 01:54:09,930
11267 short that would be, you know, viewed as
11268
11269 2818
11270 01:54:09,960 ~-~-> 01:54:11,610
11271 they have a fundamental reason to expect
11272
11273 2819
11274 01:54:11,610 ~-~-> 01:54:14,130
11275 lower prices soon, sometime soon, they
11276
11277 2820
11278 01:54:14,130 ~-~-> 01:54:15,780
11279 expect fundamentally that the price
11280
11281 2821
11282 01:54:15,780 ~-~-> 01:54:17,940
11283 should not go much higher, and it should
11284
11285 2822
11286 01:54:17,940 ~-~-> 01:54:19,800
11287 be a retracement of some sort or all
11288
11289 2823
11290 01:54:19,800 ~-~-> 01:54:22,170
11291 together a reversal. But if they
11292
11293 2824
11294 01:54:22,350 ~-~-> 01:54:26,790
11295 aggressively change gears, okay, and
11296
11297 2825
11298 01:54:26,790 ~-~-> 01:54:29,160
11299 they don't think that there is a
11300
11301 2826
11302 01:54:29,580 ~-~-> 01:54:34,800
11303 likelihood of the move occurring on a
11304
11305 2827
11306 01:54:34,830 ~-~-> 01:54:37,020
11307 timescale that they thought they may
11308
11309 2828
11310 01:54:37,020 ~-~-> 01:54:40,140
11311 aggressively change their net position,
11312
11313 2829
11314 01:54:40,470 ~-~-> 01:54:43,950
11315 okay, and that is useful, okay, because
11316
11317 2830
11318 01:54:44,880 ~-~-> 01:54:46,890
11319 you can see that here we have a net
11320
11321 2831
11322 01:54:46,950 ~-~-> 01:54:49,110
11323 overall net short position, their net
11324
11325 2832
11326 01:54:49,110 ~-~-> 01:54:50,760
11327 short here, but then look what they do.
11328
11329 2833
11330 01:54:50,760 ~-~-> 01:54:53,520
11331 They rapidly reduce their net short
11332
11333 2834
11334 01:54:53,520 ~-~-> 01:54:56,940
11335 position right before the big moves
11336
11337 2835
11338 01:54:56,940 ~-~-> 01:54:58,410
11339 takes place out of this consolidation
11340
11341 2836
11342 01:54:58,920 ~-~-> 01:55:00,450
11343 inside of this move right here. Here, if
11344
11345 2837
11346 01:55:00,450 ~-~-> 01:55:02,250
11347 you looked at open interest, which we'll
11348
11349 2838
11350 01:55:02,340 ~-~-> 01:55:04,440
11351 talk more about in a little bit, no
11352
11353 2839
11354 01:55:04,440 ~-~-> 01:55:06,300
11355 punches decline. I know this for a fact
11356
11357 2840
11358 01:55:06,300 ~-~-> 01:55:08,310
11359 because I have the information I'm not
11360
11361 2841
11362 01:55:09,120 ~-~-> 01:55:11,040
11363 looking at trading opportunities back
11364
11365 2842
11366 01:55:11,040 ~-~-> 01:55:13,620
11367 then, looking at this in here, you'll
11368
11369 2843
11370 01:55:13,620 ~-~-> 01:55:15,630
11371 see open interest decline, open interest
11372
11373 2844
11374 01:55:15,630 ~-~-> 01:55:18,060
11375 is only going to decline if commercials
11376
11377 2845
11378 01:55:18,090 ~-~-> 01:55:20,310
11379 are covering shorts rapidly, because
11380
11381 2846
11382 01:55:20,490 ~-~-> 01:55:23,370
11383 they are the market entity that creates
11384
11385 2847
11386 01:55:23,370 ~-~-> 01:55:24,660
11387 the markets for us in the futures
11388
11389 2848
11390 01:55:24,660 ~-~-> 01:55:27,990
11391 market. So if they are the largest net
11392
11393 2849
11394 01:55:27,990 ~-~-> 01:55:30,120
11395 short, foreign seller in the
11396
11397 2850
11398 01:55:30,120 ~-~-> 01:55:32,430
11399 marketplace, they have a real reason to
11400
11401 2851
11402 01:55:32,430 ~-~-> 01:55:34,440
11403 be selling it because they're hedging if
11404
11405 2852
11406 01:55:34,470 ~-~-> 01:55:38,040
11407 they are rapidly reducing their net
11408
11409 2853
11410 01:55:38,040 ~-~-> 01:55:40,020
11411 short position. That's telling you
11412
11413 2854
11414 01:55:40,020 ~-~-> 01:55:41,280
11415 something fundamentally, they don't
11416
11417 2855
11418 01:55:41,280 ~-~-> 01:55:42,660
11419 think it's going to go lower.
11420
11421 2856
11422 01:55:42,840 ~-~-> 01:55:45,150
11423 Immediately. Soon, they expect a sizable
11424
11425 2857
11426 01:55:45,150 ~-~-> 01:55:47,430
11427 move and when you know 1000 PIP move and
11428
11429 2858
11430 01:55:47,430 ~-~-> 01:55:50,280
11431 Sue's before it starts to take a turn of
11432
11433 2859
11434 01:55:50,280 ~-~-> 01:55:51,570
11435 events and makes it go lower.
11436
11437 2860
11438 01:55:56,910 ~-~-> 01:55:59,520
11439 Now, again, going back to this in here,
11440
11441 2861
11442 01:55:59,730 ~-~-> 01:56:01,290
11443 okay? It's important that you understand
11444
11445 2862
11446 01:56:01,290 ~-~-> 01:56:06,300
11447 that there is a lot of swing trades
11448
11449 2863
11450 01:56:06,300 ~-~-> 01:56:08,790
11451 available throughout the year by using
11452
11453 2864
11454 01:56:08,790 ~-~-> 01:56:11,070
11455 this information. This is a daily chart
11456
11457 2865
11458 01:56:11,100 ~-~-> 01:56:13,170
11459 these are all daily candles. When you
11460
11461 2866
11462 01:56:13,170 ~-~-> 01:56:15,030
11463 see price surge like this initially,
11464
11465 2867
11466 01:56:15,360 ~-~-> 01:56:17,580
11467 okay starts to retrace, you want to be
11468
11469 2868
11470 01:56:17,580 ~-~-> 01:56:19,800
11471 focusing on support resistance, you
11472
11473 2869
11474 01:56:19,800 ~-~-> 01:56:21,660
11475 won't be looking for order blocks, okay,
11476
11477 2870
11478 01:56:21,690 ~-~-> 01:56:23,580
11479 which will be the last bearish candle
11480
11481 2871
11482 01:56:23,580 ~-~-> 01:56:25,290
11483 before the big move, okay, that's where
11484
11485 2872
11486 01:56:25,290 ~-~-> 01:56:27,270
11487 the Smart Money accumulates in down
11488
11489 2873
11490 01:56:27,270 ~-~-> 01:56:29,100
11491 moves. Okay. As we discussed how the
11492
11493 2874
11494 01:56:29,100 ~-~-> 01:56:31,200
11495 commercials trade in the large macro
11496
11497 2875
11498 01:56:31,290 ~-~-> 01:56:33,780
11499 span of price swings, the same thing
11500
11501 2876
11502 01:56:33,780 ~-~-> 01:56:36,480
11503 happens on a daily chart, you know, on
11504
11505 2877
11506 01:56:36,480 ~-~-> 01:56:38,010
11507 down days, that's when they accumulate
11508
11509 2878
11510 01:56:38,010 ~-~-> 01:56:39,930
11511 longs. Okay, how many times have you
11512
11513 2879
11514 01:56:39,930 ~-~-> 01:56:41,490
11515 looked at a stock chart? Have you looked
11516
11517 2880
11518 01:56:41,490 ~-~-> 01:56:45,960
11519 at an indicee Okay, or a currency and we
11520
11521 2881
11522 01:56:45,960 ~-~-> 01:56:48,120
11523 had real big washout day, you know, big
11524
11525 2882
11526 01:56:48,120 ~-~-> 01:56:50,400
11527 200 PIP down day, and the very next day
11528
11529 2883
11530 01:56:50,430 ~-~-> 01:56:53,880
11531 it rockets up 150 next day continues on
11532
11533 2884
11534 01:56:53,880 ~-~-> 01:56:57,630
11535 and never turns around. They accumulated
11536
11537 2885
11538 01:56:57,630 ~-~-> 01:56:59,370
11539 long positions during those down days.
11540
11541 2886
11542 01:56:59,760 ~-~-> 01:57:01,890
11543 You You need to think like a smart
11544
11545 2887
11546 01:57:01,890 ~-~-> 01:57:04,950
11547 trader, okay? And smart traders are what
11548
11549 2888
11550 01:57:04,950 ~-~-> 01:57:08,220
11551 we dub as smart money. smart money buys,
11552
11553 2889
11554 01:57:08,250 ~-~-> 01:57:10,740
11555 when prices dropping, you have to get
11556
11557 2890
11558 01:57:10,740 ~-~-> 01:57:12,660
11559 that in your mind and don't be afraid.
11560
11561 2891
11562 01:57:12,840 ~-~-> 01:57:16,290
11563 You, you need to grow comfortable buying
11564
11565 2892
11566 01:57:16,290 ~-~-> 01:57:19,200
11567 when prices screaming going lower. And I
11568
11569 2893
11570 01:57:19,200 ~-~-> 01:57:21,900
11571 know it sounds like it doesn't make any
11572
11573 2894
11574 01:57:21,900 ~-~-> 01:57:23,790
11575 bit of sense, but that's exactly what
11576
11577 2895
11578 01:57:24,540 ~-~-> 01:57:26,910
11579 works. Okay? You want to be trading in
11580
11581 2896
11582 01:57:26,910 ~-~-> 01:57:28,080
11583 the opposite direction you want to see a
11584
11585 2897
11586 01:57:28,080 ~-~-> 01:57:32,280
11587 profit in. Alright, so basically, as it
11588
11589 2898
11590 01:57:32,280 ~-~-> 01:57:34,860
11591 relates to Commitment of Traders, you
11592
11593 2899
11594 01:57:34,860 ~-~-> 01:57:36,660
11595 need to start listening to the herd,
11596
11597 2900
11598 01:57:36,810 ~-~-> 01:57:38,220
11599 okay, in other words, the forums people
11600
11601 2901
11602 01:57:38,220 ~-~-> 01:57:39,570
11603 telling you I'm buying this I'm buying
11604
11605 2902
11606 01:57:39,570 ~-~-> 01:57:41,100
11607 that the guys that had the most popular
11608
11609 2903
11610 01:57:41,100 ~-~-> 01:57:42,510
11611 YouTube channel, the most subscribers,
11612
11613 2904
11614 01:57:42,720 ~-~-> 01:57:44,640
11615 yada yada. These guys don't know what
11616
11617 2905
11618 01:57:44,640 ~-~-> 01:57:46,680
11619 they're doing. They talk a good game,
11620
11621 2906
11622 01:57:46,680 ~-~-> 01:57:47,670
11623 but they have no idea what they're
11624
11625 2907
11626 01:57:47,670 ~-~-> 01:57:49,920
11627 doing. The way you stay informed is you
11628
11629 2908
11630 01:57:49,920 ~-~-> 01:57:52,410
11631 want to be focusing in on the smart
11632
11633 2909
11634 01:57:52,410 ~-~-> 01:57:54,060
11635 money and here's the wonderful thing.
11636
11637 2910
11638 01:57:54,120 ~-~-> 01:57:56,160
11639 They make the information available for
11640
11641 2911
11642 01:57:56,160 ~-~-> 01:57:58,110
11643 free. You want to trade in the direction
11644
11645 2912
11646 01:57:58,170 ~-~-> 01:58:00,000
11647 of the most recent 12 months. Come on.
11648
11649 2913
11650 01:58:00,000 ~-~-> 01:58:02,820
11651 deposition, you want to wait for price
11652
11653 2914
11654 01:58:02,820 ~-~-> 01:58:05,940
11655 to form intermediate term swings use
11656
11657 2915
11658 01:58:06,000 ~-~-> 01:58:08,370
11659 optimal trade entry patterns to enter
11660
11661 2916
11662 01:58:08,370 ~-~-> 01:58:10,440
11663 and trade with the large traders Now
11664
11665 2917
11666 01:58:10,440 ~-~-> 01:58:11,910
11667 again, that's not the commercials to
11668
11669 2918
11670 01:58:11,910 ~-~-> 01:58:13,800
11671 large traders are those long trend
11672
11673 2919
11674 01:58:13,800 ~-~-> 01:58:15,570
11675 following long term trend following
11676
11677 2920
11678 01:58:15,570 ~-~-> 01:58:17,820
11679 traders, okay. They are going to be
11680
11681 2921
11682 01:58:17,880 ~-~-> 01:58:19,140
11683 assuming the other side of the
11684
11685 2922
11686 01:58:19,140 ~-~-> 01:58:21,720
11687 liquidation of the hedges that the
11688
11689 2923
11690 01:58:21,720 ~-~-> 01:58:24,150
11691 commercial traders absorb and accumulate
11692
11693 2924
11694 01:58:24,180 ~-~-> 01:58:26,880
11695 during these big price swings. You want
11696
11697 2925
11698 01:58:26,880 ~-~-> 01:58:28,920
11699 to filter out Long's when administrator
11700
11701 2926
11702 01:58:29,100 ~-~-> 01:58:32,610
11703 reaches a fresh 12 month and or four
11704
11705 2927
11706 01:58:32,610 ~-~-> 01:58:34,650
11707 year extreme on the commercial net short
11708
11709 2928
11710 01:58:34,650 ~-~-> 01:58:37,830
11711 position. Now think about that. You're
11712
11713 2929
11714 01:58:37,830 ~-~-> 01:58:41,280
11715 getting rid of the necessity to feel
11716
11717 2930
11718 01:58:41,280 ~-~-> 01:58:42,270
11719 like you're going to make a million
11720
11721 2931
11722 01:58:42,270 ~-~-> 01:58:43,980
11723 dollars on a long position when
11724
11725 2932
11726 01:58:43,980 ~-~-> 01:58:45,990
11727 fundamentally it's not likely to happen.
11728
11729 2933
11730 01:58:47,310 ~-~-> 01:58:49,350
11731 That's wealth making insight right
11732
11733 2934
11734 01:58:49,350 ~-~-> 01:58:51,960
11735 there. You want to filter out shorts
11736
11737 2935
11738 01:58:51,990 ~-~-> 01:58:53,370
11739 when the Commitment of Traders reaches
11740
11741 2936
11742 01:58:53,400 ~-~-> 01:58:55,920
11743 fresh 12 month or four year streams on
11744
11745 2937
11746 01:58:55,920 ~-~-> 01:58:58,740
11747 commercial net long positions. All we
11748
11749 2938
11750 01:58:58,740 ~-~-> 01:59:01,080
11751 did was reverse the scenario When we see
11752
11753 2939
11754 01:59:01,110 ~-~-> 01:59:03,210
11755 commitment traders reaching a 12 month
11756
11757 2940
11758 01:59:03,240 ~-~-> 01:59:05,640
11759 or four year extreme in net long
11760
11761 2941
11762 01:59:05,640 ~-~-> 01:59:07,650
11763 positions, you want to be filtering your
11764
11765 2942
11766 01:59:07,650 ~-~-> 01:59:09,900
11767 short positions and reducing risk not to
11768
11769 2943
11770 01:59:09,900 ~-~-> 01:59:12,030
11771 say you can't day trade and so you can't
11772
11773 2944
11774 01:59:12,300 ~-~-> 01:59:13,740
11775 nothing. You don't have opportunity to
11776
11777 2945
11778 01:59:13,740 ~-~-> 01:59:15,720
11779 be a seller still, but you just have to
11780
11781 2946
11782 01:59:15,720 ~-~-> 01:59:18,090
11783 be mindful that anytime soon there's
11784
11785 2947
11786 01:59:18,090 ~-~-> 01:59:20,400
11787 going to be a major upset of that
11788
11789 2948
11790 01:59:20,400 ~-~-> 01:59:21,660
11791 downtrend. And it's going to be
11792
11793 2949
11794 01:59:21,660 ~-~-> 01:59:23,610
11795 aggressive, many times it unfolds very
11796
11797 2950
11798 01:59:23,610 ~-~-> 01:59:26,700
11799 aggressively. You want to trade with the
11800
11801 2951
11802 01:59:26,700 ~-~-> 01:59:29,430
11803 co2 trend engineered by the commercials.
11804
11805 2952
11806 01:59:29,760 ~-~-> 01:59:31,140
11807 You want to look for seasonal tendencies
11808
11809 2953
11810 01:59:31,140 ~-~-> 01:59:33,090
11811 that line up with the net readings of
11812
11813 2954
11814 01:59:34,140 ~-~-> 01:59:36,690
11815 what's what you see in price action. And
11816
11817 2955
11818 01:59:36,780 ~-~-> 01:59:38,520
11819 by doing that, you're gonna have the
11820
11821 2956
11822 01:59:38,520 ~-~-> 01:59:40,560
11823 framework for remarkable trade setups.
11824
11825 2957
11826 01:59:43,530 ~-~-> 01:59:45,510
11827 Now for more information on commitment
11828
11829 2958
11830 01:59:45,510 ~-~-> 01:59:48,720
11831 traders, obviously not to resources that
11832
11833 2959
11834 01:59:48,720 ~-~-> 01:59:50,340
11835 I think are really good are the
11836
11837 2960
11838 01:59:50,340 ~-~-> 01:59:52,770
11839 commitments of traders Bible by Stephen
11840
11841 2961
11842 01:59:52,800 ~-~-> 01:59:55,770
11843 Reese and trading stocks and commodities
11844
11845 2962
11846 01:59:55,770 ~-~-> 01:59:58,560
11847 with the insiders secret the CO t report
11848
11849 2963
11850 01:59:58,560 ~-~-> 02:00:00,570
11851 by Larry Williams and I don't have it
11852
11853 2964
11854 02:00:00,570 ~-~-> 02:00:02,100
11855 listed here. But I always talk about
11856
11857 2965
11858 02:00:02,100 ~-~-> 02:00:03,900
11859 every time I talk about books. If you
11860
11861 2966
11862 02:00:03,900 ~-~-> 02:00:05,640
11863 don't have Larry Williams how I made a
11864
11865 2967
11866 02:00:05,640 ~-~-> 02:00:07,050
11867 million dollars trading commodities last
11868
11869 2968
11870 02:00:07,050 ~-~-> 02:00:10,980
11871 year book, again, it was a 1970s book.
11872
11873 2969
11874 02:00:11,190 ~-~-> 02:00:14,700
11875 And it's still absolutely timely today.
11876
11877 2970
11878 02:00:14,970 ~-~-> 02:00:16,290
11879 The information is related to
11880
11881 2971
11882 02:00:16,290 ~-~-> 02:00:18,000
11883 commercials in there and open interest
11884
11885 2972
11886 02:00:18,030 ~-~-> 02:00:21,990
11887 is what I'm discussing here. Okay. And I
11888
11889 2973
11890 02:00:21,990 ~-~-> 02:00:24,660
11891 think it's one of the absolute gems in
11892
11893 2974
11894 02:00:24,660 ~-~-> 02:00:27,990
11895 technical analysis that honestly, a lot
11896
11897 2975
11898 02:00:27,990 ~-~-> 02:00:29,880
11899 of people read his book. A lot of people
11900
11901 2976
11902 02:00:29,880 ~-~-> 02:00:31,500
11903 know that commitment traders. A lot of
11904
11905 2977
11906 02:00:31,500 ~-~-> 02:00:33,420
11907 people know what interest open interest
11908
11909 2978
11910 02:00:33,420 ~-~-> 02:00:35,940
11911 is, but not a lot of people actually use
11912
11913 2979
11914 02:00:35,940 ~-~-> 02:00:37,170
11915 it because if they did to be wildly
11916
11917 2980
11918 02:00:37,170 ~-~-> 02:00:40,260
11919 successful. So
11920
11921 2981
11922 02:00:41,940 ~-~-> 02:00:44,760
11923 going ahead, going forward, if you find
11924
11925 2982
11926 02:00:44,760 ~-~-> 02:00:48,270
11927 yourself another resource that provides
11928
11929 2983
11930 02:00:48,270 ~-~-> 02:00:50,580
11931 commitment traders resources, and you
11932
11933 2984
11934 02:00:50,580 ~-~-> 02:00:52,470
11935 think it's useful to the subscribers to
11936
11937 2985
11938 02:00:52,470 ~-~-> 02:00:54,480
11939 my work, obviously I would love to have
11940
11941 2986
11942 02:00:54,480 ~-~-> 02:00:57,270
11943 a heads up about it. Again, we talked
11944
11945 2987
11946 02:00:57,270 ~-~-> 02:01:01,560
11947 about using bar charts. Calm and you see
11948
11949 2988
11950 02:01:01,560 ~-~-> 02:01:04,290
11951 me using bar chart, bar chart calm in my
11952
11953 2989
11954 02:01:04,290 ~-~-> 02:01:07,470
11955 videos. But I mentioned in here price
11956
11957 2990
11958 02:01:07,470 ~-~-> 02:01:10,320
11959 charts calm and I think that to me I
11960
11961 2991
11962 02:01:10,320 ~-~-> 02:01:13,080
11963 think Mark chart is just as good as
11964
11965 2992
11966 02:01:13,290 ~-~-> 02:01:16,290
11967 price charts calm if not better because
11968
11969 2993
11970 02:01:16,290 ~-~-> 02:01:18,060
11971 it's free and allows the subscribers to
11972
11973 2994
11974 02:01:18,060 ~-~-> 02:01:20,250
11975 my material to do without having any any
11976
11977 2995
11978 02:01:20,250 ~-~-> 02:01:22,950
11979 kind of paid resources and I know a lot
11980
11981 2996
11982 02:01:22,950 ~-~-> 02:01:24,870
11983 of guys are on short budgets, but
11984
11985 2997
11986 02:01:25,650 ~-~-> 02:01:27,000
11987 eventually at some point you might want
11988
11989 2998
11990 02:01:27,000 ~-~-> 02:01:28,260
11991 to avail yourself some resources and
11992
11993 2999
11994 02:01:28,260 ~-~-> 02:01:29,760
11995 spend a little bit of money in it.
11996
11997 3000
11998 02:01:29,760 ~-~-> 02:01:33,720
11999 There's nothing wrong with that. But if
12000
12001 3001
12002 02:01:34,470 ~-~-> 02:01:36,570
12003 you find something that's comparable to
12004
12005 3002
12006 02:01:36,570 ~-~-> 02:01:38,400
12007 the the ones I've suggested here to
12008
12009 3003
12010 02:01:38,400 ~-~-> 02:01:39,990
12011 share, share it with me and I'll share
12012
12013 3004
12014 02:01:39,990 ~-~-> 02:01:41,880
12015 it with subscribers and pass that
12016
12017 3005
12018 02:01:41,880 ~-~-> 02:01:49,080
12019 insight on to others. Okay, how to
12020
12021 3006
12022 02:01:49,080 ~-~-> 02:01:52,110
12023 capture explosive forex profits. Now I
12024
12025 3007
12026 02:01:52,110 ~-~-> 02:01:53,820
12027 know this is exactly what everybody
12028
12029 3008
12030 02:01:53,820 ~-~-> 02:01:57,090
12031 wants to know, right. All right,
12032
12033 3009
12034 02:01:57,090 ~-~-> 02:01:59,250
12035 Michael, how do I make money? This is
12036
12037 3010
12038 02:01:59,250 ~-~-> 02:02:00,720
12039 great. We're talking a lot theory here,
12040
12041 3011
12042 02:02:00,930 ~-~-> 02:02:04,080
12043 you're boring me to death. How do I make
12044
12045 3012
12046 02:02:04,080 ~-~-> 02:02:05,850
12047 money? How do I get in the marketplace
12048
12049 3013
12050 02:02:05,850 ~-~-> 02:02:07,590
12051 and find these big moves? Okay, you're
12052
12053 3014
12054 02:02:07,590 ~-~-> 02:02:08,850
12055 showing this stuff in hindsight, but how
12056
12057 3015
12058 02:02:08,850 ~-~-> 02:02:10,500
12059 do I, how do I look for it going ahead?
12060
12061 3016
12062 02:02:11,220 ~-~-> 02:02:14,910
12063 well understand this. One of the biggest
12064
12065 3017
12066 02:02:14,940 ~-~-> 02:02:17,910
12067 moneymakers that I have is trading with
12068
12069 3018
12070 02:02:17,910 ~-~-> 02:02:21,120
12071 the weekly range. And weekly range is
12072
12073 3019
12074 02:02:21,120 ~-~-> 02:02:23,490
12075 one of the absolutely beautiful
12076
12077 3020
12078 02:02:23,490 ~-~-> 02:02:26,310
12079 scenarios where you get the lines
12080
12081 3021
12082 02:02:26,310 ~-~-> 02:02:28,830
12083 portion of the weekly range. And
12084
12085 3022
12086 02:02:28,830 ~-~-> 02:02:32,430
12087 ideally, you want to be buying very near
12088
12089 3023
12090 02:02:32,520 ~-~-> 02:02:34,890
12091 the weekly low. And you want to be able
12092
12093 3024
12094 02:02:34,890 ~-~-> 02:02:39,270
12095 to absorb the time required to hold on
12096
12097 3025
12098 02:02:39,270 ~-~-> 02:02:42,570
12099 to the position until late Thursday and
12100
12101 3026
12102 02:02:42,600 ~-~-> 02:02:48,300
12103 even as late as Friday's close. there's
12104
12105 3027
12106 02:02:48,300 ~-~-> 02:02:50,670
12107 a there's a little study I made a lot of
12108
12109 3028
12110 02:02:50,880 ~-~-> 02:02:52,710
12111 folks do when I initially put out this
12112
12113 3029
12114 02:02:52,710 ~-~-> 02:02:57,390
12115 information 2010 I asked everyone to
12116
12117 3030
12118 02:02:57,390 ~-~-> 02:03:01,620
12119 simply look at the weekly range over a
12120
12121 3031
12122 02:03:01,650 ~-~-> 02:03:04,740
12123 15 minute chart, no words compressor,
12124
12125 3032
12126 02:03:05,010 ~-~-> 02:03:07,380
12127 your 15 minute chart and delineate the
12128
12129 3033
12130 02:03:07,380 ~-~-> 02:03:08,760
12131 days that way it gives you a vertical
12132
12133 3034
12134 02:03:08,760 ~-~-> 02:03:11,100
12135 line delineate when the days begin and
12136
12137 3035
12138 02:03:11,100 ~-~-> 02:03:13,650
12139 end, and I want you to notice that
12140
12141 3036
12142 02:03:13,650 ~-~-> 02:03:15,660
12143 reoccurring pattern it takes place. And
12144
12145 3037
12146 02:03:15,660 ~-~-> 02:03:19,140
12147 I know many folks have been trading for
12148
12149 3038
12150 02:03:19,140 ~-~-> 02:03:21,750
12151 a long period of time, I had commented
12152
12153 3039
12154 02:03:21,930 ~-~-> 02:03:24,060
12155 in email saying was pretty obvious in
12156
12157 3040
12158 02:03:24,060 ~-~-> 02:03:27,690
12159 it. Well, my question is, as if it's so
12160
12161 3041
12162 02:03:27,690 ~-~-> 02:03:29,430
12163 obvious, how did you use the information
12164
12165 3042
12166 02:03:29,460 ~-~-> 02:03:30,660
12167 to trade the weekly range on a
12168
12169 3043
12170 02:03:30,660 ~-~-> 02:03:32,670
12171 consistent basis, were able to use the
12172
12173 3044
12174 02:03:32,670 ~-~-> 02:03:36,240
12175 information and use it to facilitate a
12176
12177 3045
12178 02:03:36,240 ~-~-> 02:03:38,760
12179 trading plan? And they never replied
12180
12181 3046
12182 02:03:38,760 ~-~-> 02:03:41,100
12183 with any information to the to the
12184
12185 3047
12186 02:03:41,100 ~-~-> 02:03:44,070
12187 effect that they did. So what I'm
12188
12189 3048
12190 02:03:44,070 ~-~-> 02:03:46,410
12191 suggesting to you is this, go into your
12192
12193 3049
12194 02:03:46,410 ~-~-> 02:03:48,750
12195 charts and go for the next couple weeks.
12196
12197 3050
12198 02:03:48,900 ~-~-> 02:03:51,630
12199 Okay, I'm going to show you how, if you
12200
12201 3051
12202 02:03:51,630 ~-~-> 02:03:53,580
12203 focus on the monthly, weekly and daily
12204
12205 3052
12206 02:03:53,730 ~-~-> 02:03:56,160
12207 and you arrive at a premise two
12208
12209 3053
12210 02:03:56,160 ~-~-> 02:04:01,800
12211 directional bias on co2 data The 1840
12212
12213 3054
12214 02:04:01,800 ~-~-> 02:04:03,510
12215 moving average concept we just discussed
12216
12217 3055
12218 02:04:03,510 ~-~-> 02:04:04,650
12219 and we'll talk more about in a little
12220
12221 3056
12222 02:04:04,650 ~-~-> 02:04:07,770
12223 bit here. If you look at when it's
12224
12225 3057
12226 02:04:08,730 ~-~-> 02:04:11,070
12227 positioned to move higher or expected to
12228
12229 3058
12230 02:04:11,070 ~-~-> 02:04:13,800
12231 be bullish, if you look at the activity
12232
12233 3059
12234 02:04:13,800 ~-~-> 02:04:16,230
12235 on a weekly chart, or weekly basis
12236
12237 3060
12238 02:04:16,230 ~-~-> 02:04:19,140
12239 rather over a whole week, time span and
12240
12241 3061
12242 02:04:19,140 ~-~-> 02:04:20,850
12243 it's easy to see on a 15 minute time
12244
12245 3062
12246 02:04:20,850 ~-~-> 02:04:22,140
12247 frame, compress it so you have the whole
12248
12249 3063
12250 02:04:22,320 ~-~-> 02:04:24,780
12251 Sunday to Friday's close. You'll see
12252
12253 3064
12254 02:04:24,780 ~-~-> 02:04:28,020
12255 that the weekly high in a bearish
12256
12257 3065
12258 02:04:28,020 ~-~-> 02:04:31,050
12259 environment typically forms around
12260
12261 3066
12262 02:04:31,050 ~-~-> 02:04:34,590
12263 Tuesday's London open session. And many
12264
12265 3067
12266 02:04:34,590 ~-~-> 02:04:36,810
12267 times if it's going to be a down week,
12268
12269 3068
12270 02:04:36,840 ~-~-> 02:04:39,750
12271 it'll form no later than Wednesday's
12272
12273 3069
12274 02:04:39,750 ~-~-> 02:04:44,970
12275 London open. There is a 70 to 80% chance
12276
12277 3070
12278 02:04:45,000 ~-~-> 02:04:47,280
12279 of that phenomenon taking place. Again,
12280
12281 3071
12282 02:04:47,280 ~-~-> 02:04:49,320
12283 if it's a bearish environment, you're
12284
12285 3072
12286 02:04:49,320 ~-~-> 02:04:51,480
12287 expected to see lower prices because the
12288
12289 3073
12290 02:04:51,480 ~-~-> 02:04:53,370
12291 overall macro trend is bearish. What
12292
12293 3074
12294 02:04:53,370 ~-~-> 02:04:55,890
12295 will happen is Sunday's opening, what
12296
12297 3075
12298 02:04:56,010 ~-~-> 02:04:59,700
12299 open and Monday's trading will generally
12300
12301 3076
12302 02:04:59,850 ~-~-> 02:05:01,890
12303 be consolidation and then it'll start to
12304
12305 3077
12306 02:05:01,890 ~-~-> 02:05:04,770
12307 move up. Okay? What happens is all the
12308
12309 3078
12310 02:05:04,770 ~-~-> 02:05:06,540
12311 neophyte traders start thinking this is
12312
12313 3079
12314 02:05:06,540 ~-~-> 02:05:08,760
12315 going to be the next big move up. So
12316
12317 3080
12318 02:05:08,760 ~-~-> 02:05:09,900
12319 they start buying and buying and buying
12320
12321 3081
12322 02:05:09,900 ~-~-> 02:05:12,300
12323 and buying and on Tuesday, okay? What
12324
12325 3082
12326 02:05:12,300 ~-~-> 02:05:14,490
12327 will happen is during the asian session
12328
12329 3083
12330 02:05:14,520 ~-~-> 02:05:17,250
12331 Monday into Tuesday, there'll be more
12332
12333 3084
12334 02:05:17,250 ~-~-> 02:05:18,630
12335 consolidation and then what happens
12336
12337 3085
12338 02:05:18,630 ~-~-> 02:05:20,970
12339 they'll ramp it up real aggressively up.
12340
12341 3086
12342 02:05:21,300 ~-~-> 02:05:23,220
12343 And that's what we call a Judas swing,
12344
12345 3087
12346 02:05:23,250 ~-~-> 02:05:24,510
12347 okay? Or it's like a fake out.
12348
12349 3088
12350 02:05:26,010 ~-~-> 02:05:28,710
12351 Or what I just recently dubbed it for
12352
12353 3089
12354 02:05:28,710 ~-~-> 02:05:30,810
12355 those that make fun of the Judas swings
12356
12357 3090
12358 02:05:30,810 ~-~-> 02:05:35,190
12359 name. It's the open rally sell. down
12360
12361 3091
12362 02:05:35,190 ~-~-> 02:05:38,610
12363 close. Okay, so to open rally, sell.
12364
12365 3092
12366 02:05:39,210 ~-~-> 02:05:40,530
12367 Okay, so now what you're looking for an
12368
12369 3093
12370 02:05:40,530 ~-~-> 02:05:43,260
12371 opening, looking at midnight in New York
12372
12373 3094
12374 02:05:43,260 ~-~-> 02:05:46,770
12375 time, the initial move up at that time
12376
12377 3095
12378 02:05:46,770 ~-~-> 02:05:50,130
12379 point, going into the London open
12380
12381 3096
12382 02:05:50,130 ~-~-> 02:05:51,030
12383 session around three o'clock in the
12384
12385 3097
12386 02:05:51,030 ~-~-> 02:05:54,990
12387 morning in New York time. Generally
12388
12389 3098
12390 02:05:54,990 ~-~-> 02:05:56,580
12391 between two o'clock in the morning and
12392
12393 3099
12394 02:05:56,580 ~-~-> 02:05:57,840
12395 four o'clock in the morning, New York
12396
12397 3100
12398 02:05:57,840 ~-~-> 02:06:00,300
12399 time in that environment, the high The
12400
12401 3101
12402 02:06:00,420 ~-~-> 02:06:02,400
12403 high of The day will form. Now if it
12404
12405 3102
12406 02:06:02,400 ~-~-> 02:06:05,550
12407 happens to be on a Tuesday or Wednesdays
12408
12409 3103
12410 02:06:05,550 ~-~-> 02:06:08,220
12411 London open, you have 80% chance that
12412
12413 3104
12414 02:06:08,220 ~-~-> 02:06:09,210
12415 that's going to be the weekly high.
12416
12417 3105
12418 02:06:10,170 ~-~-> 02:06:11,760
12419 Don't take my word on it, go through
12420
12421 3106
12422 02:06:11,760 ~-~-> 02:06:14,670
12423 your charts and study it. Okay? And I'm
12424
12425 3107
12426 02:06:14,670 ~-~-> 02:06:16,230
12427 telling you, I know what's going to
12428
12429 3108
12430 02:06:16,230 ~-~-> 02:06:17,730
12431 happen. I'm going to get three to 400
12432
12433 3109
12434 02:06:17,730 ~-~-> 02:06:19,680
12435 emails again, saying I can't believe
12436
12437 3110
12438 02:06:19,680 ~-~-> 02:06:21,030
12439 it's been there all this time. Yeah,
12440
12441 3111
12442 02:06:21,030 ~-~-> 02:06:22,770
12443 you're right. It's been an all this time
12444
12445 3112
12446 02:06:22,800 ~-~-> 02:06:24,360
12447 and again, nobody talks about it. But
12448
12449 3113
12450 02:06:24,360 ~-~-> 02:06:28,020
12451 ICT in bullish environments, okay. What
12452
12453 3114
12454 02:06:28,020 ~-~-> 02:06:30,060
12455 will happen is the market will open on
12456
12457 3115
12458 02:06:30,060 ~-~-> 02:06:33,690
12459 Sunday, consolidate it or trade lower on
12460
12461 3116
12462 02:06:33,690 ~-~-> 02:06:35,460
12463 Monday and then Tuesday will consolidate
12464
12465 3117
12466 02:06:35,460 ~-~-> 02:06:37,260
12467 and then there'll be a rapid decline
12468
12469 3118
12470 02:06:37,560 ~-~-> 02:06:39,840
12471 going into Tuesdays London open or
12472
12473 3119
12474 02:06:39,900 ~-~-> 02:06:41,280
12475 between two o'clock and four o'clock in
12476
12477 3120
12478 02:06:41,280 ~-~-> 02:06:44,250
12479 the morning on the East Coast, New York
12480
12481 3121
12482 02:06:44,250 ~-~-> 02:06:46,860
12483 time. Okay. When you have that window of
12484
12485 3122
12486 02:06:46,860 ~-~-> 02:06:48,360
12487 opportunity, that's that's the ICT
12488
12489 3123
12490 02:06:48,360 ~-~-> 02:06:52,440
12491 London open kill zone. The opportunity
12492
12493 3124
12494 02:06:52,470 ~-~-> 02:06:56,460
12495 is to expect the weekly loaded form on
12496
12497 3125
12498 02:06:56,460 ~-~-> 02:06:58,410
12499 Tuesdays London open or as late as
12500
12501 3126
12502 02:06:58,410 ~-~-> 02:07:00,180
12503 Wednesdays, London open now. You're
12504
12505 3127
12506 02:07:00,180 ~-~-> 02:07:02,010
12507 probably saying, Okay, well, you know,
12508
12509 3128
12510 02:07:02,010 ~-~-> 02:07:03,480
12511 that's, that's wonderful, but it's still
12512
12513 3129
12514 02:07:03,480 ~-~-> 02:07:05,250
12515 not hundred percent. You don't need
12516
12517 3130
12518 02:07:05,250 ~-~-> 02:07:07,560
12519 100%. Okay, if you had the macro view in
12520
12521 3131
12522 02:07:07,560 ~-~-> 02:07:09,990
12523 line and expecting, you know, the
12524
12525 3132
12526 02:07:10,230 ~-~-> 02:07:12,900
12527 directional premise to be one direction
12528
12529 3133
12530 02:07:13,170 ~-~-> 02:07:14,700
12531 or another based on what we've discussed
12532
12533 3134
12534 02:07:14,700 ~-~-> 02:07:18,750
12535 so far, you have a lot of the battle
12536
12537 3135
12538 02:07:18,750 ~-~-> 02:07:20,520
12539 already won for you. Now you're just
12540
12541 3136
12542 02:07:20,520 ~-~-> 02:07:23,010
12543 going to fine tune it down to Okay,
12544
12545 3137
12546 02:07:23,010 ~-~-> 02:07:26,010
12547 well, if the markets predisposed to move
12548
12549 3138
12550 02:07:26,010 ~-~-> 02:07:29,460
12551 higher, and that means that the market
12552
12553 3139
12554 02:07:29,460 ~-~-> 02:07:31,740
12555 should be closing up on the week. So the
12556
12557 3140
12558 02:07:31,740 ~-~-> 02:07:33,720
12559 range from the opening on Sunday to
12560
12561 3141
12562 02:07:33,750 ~-~-> 02:07:36,600
12563 close on Friday, ideally should be an up
12564
12565 3142
12566 02:07:36,630 ~-~-> 02:07:41,880
12567 move. So our principle should suggest
12568
12569 3143
12570 02:07:41,880 ~-~-> 02:07:43,650
12571 that Friday's close should be higher
12572
12573 3144
12574 02:07:43,650 ~-~-> 02:07:45,510
12575 than the price that was traded on
12576
12577 3145
12578 02:07:45,540 ~-~-> 02:07:48,510
12579 Sunday. Right? Okay, well, how do we get
12580
12581 3146
12582 02:07:48,510 ~-~-> 02:07:50,460
12583 to that? There's got to be a low form
12584
12585 3147
12586 02:07:50,460 ~-~-> 02:07:52,590
12587 first, right? Many times what'll happen
12588
12589 3148
12590 02:07:52,590 ~-~-> 02:07:54,810
12591 is they engineered early beginnings of
12592
12593 3149
12594 02:07:54,810 ~-~-> 02:07:56,700
12595 the week to go lower and a lot of times
12596
12597 3150
12598 02:07:56,700 ~-~-> 02:07:59,160
12599 that fake out sucks in a lot of neophyte
12600
12601 3151
12602 02:07:59,160 ~-~-> 02:08:01,680
12603 traders If you watch the forum's many
12604
12605 3152
12606 02:08:01,680 ~-~-> 02:08:03,630
12607 times, they buy it hook line and sinker
12608
12609 3153
12610 02:08:03,630 ~-~-> 02:08:05,940
12611 and they chase prices going lower, and
12612
12613 3154
12614 02:08:05,940 ~-~-> 02:08:07,710
12615 they get shell shocked when they reverse
12616
12617 3155
12618 02:08:07,710 ~-~-> 02:08:09,390
12619 it dramatically and they drag them
12620
12621 3156
12622 02:08:09,390 ~-~-> 02:08:11,220
12623 across the whole entire weekly range.
12624
12625 3157
12626 02:08:14,340 ~-~-> 02:08:15,450
12627 Okay, folks, we're looking at the
12628
12629 3158
12630 02:08:15,450 ~-~-> 02:08:17,850
12631 Canadian dollars as a weekly chart. And
12632
12633 3159
12634 02:08:17,850 ~-~-> 02:08:19,110
12635 I want to show you what it looks like.
12636
12637 3160
12638 02:08:19,320 ~-~-> 02:08:21,150
12639 In an example that just recently
12640
12641 3161
12642 02:08:21,150 ~-~-> 02:08:24,120
12643 happened. We have the red line here is
12644
12645 3162
12646 02:08:24,120 ~-~-> 02:08:27,720
12647 its commercials. And when you get this
12648
12649 3163
12650 02:08:27,720 ~-~-> 02:08:30,870
12651 chart on your, on your, this is bar
12652
12653 3164
12654 02:08:30,870 ~-~-> 02:08:33,690
12655 chart calm By the way, you go down to
12656
12657 3165
12658 02:08:35,040 ~-~-> 02:08:36,240
12659 the bottom of the page, once you load a
12660
12661 3166
12662 02:08:36,240 ~-~-> 02:08:40,320
12663 chart up, click indicator and you're
12664
12665 3167
12666 02:08:40,320 ~-~-> 02:08:44,490
12667 going to add this one right here. The
12668
12669 3168
12670 02:08:44,490 ~-~-> 02:08:47,460
12671 Commitment of Traders line chart. Okay,
12672
12673 3169
12674 02:08:47,460 ~-~-> 02:08:49,170
12675 that's what you want. You can make it
12676
12677 3170
12678 02:08:49,170 ~-~-> 02:08:52,980
12679 small, medium, large. It's small right
12680
12681 3171
12682 02:08:52,980 ~-~-> 02:08:55,170
12683 now don't eat any larger than it is. I
12684
12685 3172
12686 02:08:55,170 ~-~-> 02:09:01,110
12687 got five years on it. So going back You
12688
12689 3173
12690 02:09:01,110 ~-~-> 02:09:03,270
12691 can see that this is the largest net
12692
12693 3174
12694 02:09:03,270 ~-~-> 02:09:05,100
12695 long position that commercials has had
12696
12697 3175
12698 02:09:05,280 ~-~-> 02:09:07,920
12699 in the last four years. Okay, it was
12700
12701 3176
12702 02:09:07,950 ~-~-> 02:09:10,920
12703 above the one we have here. And price
12704
12705 3177
12706 02:09:10,920 ~-~-> 02:09:16,200
12707 traded down to the like the 89 level,
12708
12709 3178
12710 02:09:16,770 ~-~-> 02:09:20,010
12711 almost 88 level, big figure. If you go
12712
12713 3179
12714 02:09:20,010 ~-~-> 02:09:21,180
12715 out to a higher time frame which I'm not
12716
12717 3180
12718 02:09:21,180 ~-~-> 02:09:22,320
12719 going to do here just for time
12720
12721 3181
12722 02:09:22,320 ~-~-> 02:09:25,710
12723 constraints is Major support level.
12724
12725 3182
12726 02:09:27,270 ~-~-> 02:09:30,420
12727 We have a net long position and we see
12728
12729 3183
12730 02:09:30,420 ~-~-> 02:09:33,870
12731 price drive lower but fail to go lower
12732
12733 3184
12734 02:09:33,870 ~-~-> 02:09:36,600
12735 and then rallied up breaking market
12736
12737 3185
12738 02:09:36,600 ~-~-> 02:09:38,190
12739 structure highs in here so now
12740
12741 3186
12742 02:09:38,190 ~-~-> 02:09:40,590
12743 everything is bullish, we would expect
12744
12745 3187
12746 02:09:40,980 ~-~-> 02:09:42,930
12747 to see retracements and moving higher
12748
12749 3188
12750 02:09:42,930 ~-~-> 02:09:45,960
12751 going up. Before we go any further I
12752
12753 3189
12754 02:09:45,960 ~-~-> 02:09:49,170
12755 want you to take a look at this. Low
12756
12757 3190
12758 02:09:49,170 ~-~-> 02:09:53,130
12759 here. The lows over here and this low
12760
12761 3191
12762 02:09:53,130 ~-~-> 02:09:55,410
12763 here. Okay and I'm pricing went right to
12764
12765 3192
12766 02:09:55,410 ~-~-> 02:09:59,430
12767 94 and traded off of that I called 94
12768
12769 3193
12770 02:10:00,000 ~-~-> 02:10:04,830
12771 Back here, okay. And I called 94 back
12772
12773 3194
12774 02:10:04,830 ~-~-> 02:10:07,290
12775 here as well and it's all on YouTube and
12776
12777 3195
12778 02:10:07,320 ~-~-> 02:10:09,330
12779 on videos that were shared through
12780
12781 3196
12782 02:10:09,330 ~-~-> 02:10:11,100
12783 Twitter, so you can go back and take a
12784
12785 3197
12786 02:10:11,100 ~-~-> 02:10:11,970
12787 look at all that stuff. It's not
12788
12789 3198
12790 02:10:11,970 ~-~-> 02:10:14,010
12791 hindsight. I want you to take a look at
12792
12793 3199
12794 02:10:14,010 ~-~-> 02:10:15,810
12795 this purple line here as well because
12796
12797 3200
12798 02:10:15,810 ~-~-> 02:10:17,490
12799 we're gonna look at this is open
12800
12801 3201
12802 02:10:17,490 ~-~-> 02:10:20,250
12803 interest as it relates to how all this
12804
12805 3202
12806 02:10:20,250 ~-~-> 02:10:21,900
12807 stuff fits together. But for right now,
12808
12809 3203
12810 02:10:22,170 ~-~-> 02:10:25,020
12811 as price traded lower, the accumulation
12812
12813 3204
12814 02:10:25,050 ~-~-> 02:10:27,000
12815 of the Long's held by the commercials
12816
12817 3205
12818 02:10:27,030 ~-~-> 02:10:29,730
12819 indicated there was possibly a reversal
12820
12821 3206
12822 02:10:29,730 ~-~-> 02:10:36,600
12823 underway. Looking at the daily chart, we
12824
12825 3207
12826 02:10:36,600 ~-~-> 02:10:43,890
12827 have our 18 and 40 day EMAS, the green
12828
12829 3208
12830 02:10:43,890 ~-~-> 02:10:51,060
12831 is the 40 and the red is the 18 day as
12832
12833 3209
12834 02:10:51,060 ~-~-> 02:10:52,650
12835 noted here, exponential moving average
12836
12837 3210
12838 02:10:53,700 ~-~-> 02:10:56,580
12839 and I have the open interest. Again,
12840
12841 3211
12842 02:10:56,580 ~-~-> 02:10:59,130
12843 open interest can be found
12844
12845 3212
12846 02:11:04,140 ~-~-> 02:11:11,940
12847 By adding it here or by simply having
12848
12849 3213
12850 02:11:12,060 ~-~-> 02:11:13,710
12851 total volume you want to have total
12852
12853 3214
12854 02:11:13,710 ~-~-> 02:11:16,380
12855 volume not contract volume you want
12856
12857 3215
12858 02:11:16,380 ~-~-> 02:11:19,260
12859 total volume one. Okay? I have nine
12860
12861 3216
12862 02:11:19,260 ~-~-> 02:11:20,490
12863 months on here you can do whatever you
12864
12865 3217
12866 02:11:20,490 ~-~-> 02:11:22,380
12867 want to do have as much data you want to
12868
12869 3218
12870 02:11:22,380 ~-~-> 02:11:28,830
12871 show but looking at what we have this
12872
12873 3219
12874 02:11:28,830 ~-~-> 02:11:32,550
12875 was the low nowhere to violate this
12876
12877 3220
12878 02:11:32,580 ~-~-> 02:11:35,160
12879 little consolidation here rejected ran
12880
12881 3221
12882 02:11:35,160 ~-~-> 02:11:38,010
12883 out and higher. Broke market structure
12884
12885 3222
12886 02:11:38,010 ~-~-> 02:11:40,950
12887 in here and retraced back to an old
12888
12889 3223
12890 02:11:40,950 ~-~-> 02:11:43,590
12891 resistance now turn support, then
12892
12893 3224
12894 02:11:43,590 ~-~-> 02:11:46,800
12895 rallied again. Okay, came back, found
12896
12897 3225
12898 02:11:46,800 ~-~-> 02:11:49,980
12899 support at old resistance broken turn
12900
12901 3226
12902 02:11:49,980 ~-~-> 02:11:53,580
12903 support. rally through now we're coming
12904
12905 3227
12906 02:11:53,580 ~-~-> 02:11:56,400
12907 back down to an area of old resistance
12908
12909 3228
12910 02:11:56,490 ~-~-> 02:12:00,270
12911 should act to support old lows back Hear
12912
12913 3229
12914 02:12:00,270 ~-~-> 02:12:03,390
12915 it blew through those. Okay, but now I'm
12916
12917 3230
12918 02:12:03,390 ~-~-> 02:12:04,860
12919 gonna go back and take a look at a few
12920
12921 3231
12922 02:12:04,860 ~-~-> 02:12:06,960
12923 things. We have a consolidation here.
12924
12925 3232
12926 02:12:07,770 ~-~-> 02:12:10,530
12927 open interest declined rapidly. Remember
12928
12929 3233
12930 02:12:10,530 ~-~-> 02:12:11,940
12931 what we talked about open interest open
12932
12933 3234
12934 02:12:11,940 ~-~-> 02:12:14,940
12935 interest declines rapidly only when the
12936
12937 3235
12938 02:12:14,940 ~-~-> 02:12:18,090
12939 smart commercials are rapidly covering
12940
12941 3236
12942 02:12:18,090 ~-~-> 02:12:19,980
12943 their short selling. Why would they do
12944
12945 3237
12946 02:12:19,980 ~-~-> 02:12:21,600
12947 that because they think bullish prices
12948
12949 3238
12950 02:12:21,600 ~-~-> 02:12:24,660
12951 are on their way. Also, we have a
12952
12953 3239
12954 02:12:24,660 ~-~-> 02:12:27,120
12955 consolidation in here in an existing
12956
12957 3240
12958 02:12:27,240 ~-~-> 02:12:29,430
12959 bullish environment. See the 18 is above
12960
12961 3241
12962 02:12:29,430 ~-~-> 02:12:32,970
12963 the 40. We have a retracement many
12964
12965 3242
12966 02:12:32,970 ~-~-> 02:12:34,290
12967 optimal trade entry opportunities in
12968
12969 3243
12970 02:12:34,290 ~-~-> 02:12:37,650
12971 here. But remember I talked about rate
12972
12973 3244
12974 02:12:37,650 ~-~-> 02:12:43,260
12975 before we see a measurable move. You'll
12976
12977 3245
12978 02:12:43,260 ~-~-> 02:12:47,430
12979 see a stop run. Here's a low Mark comes
12980
12981 3246
12982 02:12:47,430 ~-~-> 02:12:49,830
12983 down below the low blows it out. And
12984
12985 3247
12986 02:12:49,830 ~-~-> 02:12:52,650
12987 then what do we see the expansion on the
12988
12989 3248
12990 02:12:52,650 ~-~-> 02:12:55,500
12991 upside. Not withstanding that during
12992
12993 3249
12994 02:12:55,500 ~-~-> 02:12:57,900
12995 this consolidation we also have a nother
12996
12997 3250
12998 02:12:58,050 ~-~-> 02:13:00,360
12999 drive down in open interest Which we
13000
13001 3251
13002 02:13:00,360 ~-~-> 02:13:02,040
13003 talked about in video before the fact.
13004
13005 3252
13006 02:13:02,460 ~-~-> 02:13:04,950
13007 And we saw prices rally up to what level
13008
13009 3253
13010 02:13:05,250 ~-~-> 02:13:09,960
13011 294 figure. Now, this is a 500 PIP move.
13012
13013 3254
13014 02:13:11,280 ~-~-> 02:13:12,840
13015 All based on the information that we
13016
13017 3255
13018 02:13:12,840 ~-~-> 02:13:16,920
13019 just discussed in this particular video,
13020
13021 3256
13022 02:13:18,030 ~-~-> 02:13:20,040
13023 I promise you that if you go through
13024
13025 3257
13026 02:13:20,040 ~-~-> 02:13:22,860
13027 your charts study them, well, you'll see
13028
13029 3258
13030 02:13:22,950 ~-~-> 02:13:25,440
13031 a couple of these form a year, not a
13032
13033 3259
13034 02:13:25,440 ~-~-> 02:13:28,560
13035 million, not one every month, okay, but
13036
13037 3260
13038 02:13:28,560 ~-~-> 02:13:32,220
13039 you have one or two major moves set up
13040
13041 3261
13042 02:13:32,250 ~-~-> 02:13:34,500
13043 like this, but you can trade in sync
13044
13045 3262
13046 02:13:34,500 ~-~-> 02:13:37,860
13047 with them. Once you have the directional
13048
13049 3263
13050 02:13:37,860 ~-~-> 02:13:40,260
13051 premise in mind, like see we crossed
13052
13053 3264
13054 02:13:40,260 ~-~-> 02:13:42,000
13055 over from the averages, but then later
13056
13057 3265
13058 02:13:42,000 ~-~-> 02:13:43,650
13059 on, we started seeing the averages open
13060
13061 3266
13062 02:13:43,650 ~-~-> 02:13:46,410
13063 up, okay, the averages are opened here,
13064
13065 3267
13066 02:13:46,860 ~-~-> 02:13:48,780
13067 all the way through all this. You can
13068
13069 3268
13070 02:13:48,780 ~-~-> 02:13:52,380
13071 day trade this long, with the open, drop
13072
13073 3269
13074 02:13:52,380 ~-~-> 02:13:55,140
13075 down initially in London rally off of
13076
13077 3270
13078 02:13:55,140 ~-~-> 02:13:57,510
13079 that and close higher. Okay, all that's
13080
13081 3271
13082 02:13:57,510 ~-~-> 02:14:00,450
13083 being seen here. You can also Find
13084
13085 3272
13086 02:14:00,450 ~-~-> 02:14:03,060
13087 retracements Okay, for optimal trade
13088
13089 3273
13090 02:14:03,060 ~-~-> 02:14:06,150
13091 entries, all in this move, once the
13092
13093 3274
13094 02:14:06,150 ~-~-> 02:14:07,770
13095 average is crossed over here, you wait
13096
13097 3275
13098 02:14:07,770 ~-~-> 02:14:08,970
13099 for the retracement and then the next
13100
13101 3276
13102 02:14:08,970 ~-~-> 02:14:10,620
13103 move up to open the averages and you
13104
13105 3277
13106 02:14:10,620 ~-~-> 02:14:12,450
13107 start staying stacking, this is stacking
13108
13109 3278
13110 02:14:12,450 ~-~-> 02:14:14,280
13111 when all the averages open up, much in
13112
13113 3279
13114 02:14:14,280 ~-~-> 02:14:15,690
13115 the same vein that this is stacking on
13116
13117 3280
13118 02:14:15,690 ~-~-> 02:14:17,850
13119 the lower side, the 18 was below the 40.
13120
13121 3281
13122 02:14:18,210 ~-~-> 02:14:19,650
13123 And you would just continuously look for
13124
13125 3282
13126 02:14:19,650 ~-~-> 02:14:20,910
13127 selling opportunities while that
13128
13129 3283
13130 02:14:20,910 ~-~-> 02:14:25,380
13131 condition exists. Okay, so I counsel you
13132
13133 3284
13134 02:14:25,380 ~-~-> 02:14:26,940
13135 guys that really does spend a lot of
13136
13137 3285
13138 02:14:26,940 ~-~-> 02:14:28,320
13139 time with the higher timeframes because
13140
13141 3286
13142 02:14:28,320 ~-~-> 02:14:30,900
13143 it gives you the, the backbone, okay to
13144
13145 3287
13146 02:14:30,900 ~-~-> 02:14:33,300
13147 hold on to a directional premise,
13148
13149 3288
13150 02:14:33,600 ~-~-> 02:14:35,550
13151 because you're in sync with the higher
13152
13153 3289
13154 02:14:35,550 ~-~-> 02:14:36,870
13155 time from smart money.
13156
13157 3290
13158 02:14:43,500 ~-~-> 02:14:45,900
13159 All right, the swing trade. Okay, we
13160
13161 3291
13162 02:14:45,900 ~-~-> 02:14:48,330
13163 talked about the 1840 averages, how it
13164
13165 3292
13166 02:14:48,330 ~-~-> 02:14:50,370
13167 looks, what you do with it on the charts
13168
13169 3293
13170 02:14:50,370 ~-~-> 02:14:52,740
13171 and how the CT data is useful in that
13172
13173 3294
13174 02:14:52,740 ~-~-> 02:14:55,680
13175 respect. Okay, but what is it what is
13176
13177 3295
13178 02:14:55,680 ~-~-> 02:14:57,150
13179 the swing trade look like conceptually,
13180
13181 3296
13182 02:14:57,150 ~-~-> 02:14:58,470
13183 what what are you doing? How does it
13184
13185 3297
13186 02:14:58,500 ~-~-> 02:15:01,350
13187 work? How do we confirm The setups you
13188
13189 3298
13190 02:15:01,350 ~-~-> 02:15:02,940
13191 know, is there something that we can do
13192
13193 3299
13194 02:15:02,940 ~-~-> 02:15:06,090
13195 to build the confidence factor behind
13196
13197 3300
13198 02:15:06,090 ~-~-> 02:15:07,650
13199 the trades? Well, there just happens to
13200
13201 3301
13202 02:15:07,650 ~-~-> 02:15:09,480
13203 be something that I use in my trading
13204
13205 3302
13206 02:15:09,480 ~-~-> 02:15:13,770
13207 that helps me do that. We're gonna be
13208
13209 3303
13210 02:15:13,770 ~-~-> 02:15:16,410
13211 looking at the ICT swing trading method.
13212
13213 3304
13214 02:15:19,770 ~-~-> 02:15:21,930
13215 Now what sets up an ICT swing? Okay,
13216
13217 3305
13218 02:15:21,930 ~-~-> 02:15:23,880
13219 well there's a concept that I released
13220
13221 3306
13222 02:15:23,910 ~-~-> 02:15:28,260
13223 in 2009 and actually posted this in the
13224
13225 3307
13226 02:15:28,260 ~-~-> 02:15:33,180
13227 forums on forex mentor.com yes forex
13228
13229 3308
13230 02:15:33,180 ~-~-> 02:15:36,810
13231 mentor calm now forex mentor calm, okay,
13232
13233 3309
13234 02:15:36,810 ~-~-> 02:15:39,240
13235 obviously is one of the one of the
13236
13237 3310
13238 02:15:39,240 ~-~-> 02:15:43,260
13239 widely known educating for for profit,
13240
13241 3311
13242 02:15:43,740 ~-~-> 02:15:47,730
13243 you know, websites out there and I think
13244
13245 3312
13246 02:15:48,630 ~-~-> 02:15:49,680
13247 you know, pretty much everyone knows
13248
13249 3313
13250 02:15:49,680 ~-~-> 02:15:53,970
13251 about them but I I have bought just
13252
13253 3314
13254 02:15:53,970 ~-~-> 02:15:56,550
13255 about everything that they have put out
13256
13257 3315
13258 02:15:56,640 ~-~-> 02:15:58,800
13259 with the exception of Peter Bane stuff.
13260
13261 3316
13262 02:15:58,830 ~-~-> 02:16:01,500
13263 I did get his big Dogs course. And
13264
13265 3317
13266 02:16:01,500 ~-~-> 02:16:04,290
13267 really it's not it's not much at all.
13268
13269 3318
13270 02:16:05,550 ~-~-> 02:16:12,480
13271 The the insight, okay, that I shared
13272
13273 3319
13274 02:16:12,510 ~-~-> 02:16:15,120
13275 about this concept is the SMT
13276
13277 3320
13278 02:16:15,120 ~-~-> 02:16:17,280
13279 divergence. Okay. And I get a lot of
13280
13281 3321
13282 02:16:17,280 ~-~-> 02:16:18,840
13283 questions about what is SMT divergence?
13284
13285 3322
13286 02:16:19,200 ~-~-> 02:16:22,350
13287 And always it's a little abbreviated
13288
13289 3323
13290 02:16:22,410 ~-~-> 02:16:24,450
13291 term that I came up with are smart money
13292
13293 3324
13294 02:16:24,450 ~-~-> 02:16:27,420
13295 tool and smart money tool, okay is
13296
13297 3325
13298 02:16:27,420 ~-~-> 02:16:30,510
13299 basically looking at correlated market
13300
13301 3326
13302 02:16:30,510 ~-~-> 02:16:33,930
13303 asset classes, okay, or groups, okay to
13304
13305 3327
13306 02:16:34,290 ~-~-> 02:16:39,420
13307 arrive at a underpay underpinnings based
13308
13309 3328
13310 02:16:39,420 ~-~-> 02:16:42,390
13311 on the actions of smart money. Okay. So
13312
13313 3329
13314 02:16:42,420 ~-~-> 02:16:45,180
13315 think about this if we, if we can agree
13316
13317 3330
13318 02:16:45,210 ~-~-> 02:16:49,500
13319 on the the mechanics of the markets
13320
13321 3331
13322 02:16:49,500 ~-~-> 02:16:51,450
13323 moving by those that have a lot more
13324
13325 3332
13326 02:16:51,450 ~-~-> 02:16:53,970
13327 money than us if we can agree on that.
13328
13329 3333
13330 02:16:54,090 ~-~-> 02:16:56,070
13331 Okay. I think it should be a very easy
13332
13333 3334
13334 02:16:56,070 ~-~-> 02:16:58,680
13335 thing for us to agree on. Words the mark
13336
13337 3335
13338 02:16:58,680 ~-~-> 02:17:01,110
13339 is only going to move by that entity or
13340
13341 3336
13342 02:17:01,110 ~-~-> 02:17:03,420
13343 entities that have a lot more money than
13344
13345 3337
13346 02:17:03,420 ~-~-> 02:17:08,280
13347 us, if we are able to agree on that you
13348
13349 3338
13350 02:17:08,280 ~-~-> 02:17:09,870
13351 have to understand something, they are
13352
13353 3339
13354 02:17:09,870 ~-~-> 02:17:13,020
13355 motivated by greed, either not to lose
13356
13357 3340
13358 02:17:13,020 ~-~-> 02:17:15,810
13359 money or to make money. Either way you
13360
13361 3341
13362 02:17:15,810 ~-~-> 02:17:20,280
13363 cut it, it's still greed now. Because
13364
13365 3342
13366 02:17:20,310 ~-~-> 02:17:23,520
13367 they are driven by greed, they will be
13368
13369 3343
13370 02:17:23,850 ~-~-> 02:17:28,410
13371 emotionally. Okay? charts, humans just
13372
13373 3344
13374 02:17:28,410 ~-~-> 02:17:30,510
13375 like us, okay? The guys that are
13376
13377 3345
13378 02:17:30,510 ~-~-> 02:17:33,810
13379 managing those hedges, okay? And they're
13380
13381 3346
13382 02:17:33,870 ~-~-> 02:17:35,550
13383 assuming those positions, they're human
13384
13385 3347
13386 02:17:35,550 ~-~-> 02:17:37,170
13387 beings just like us, and they're prone
13388
13389 3348
13390 02:17:37,170 ~-~-> 02:17:39,600
13391 to make mistakes. They're going to buy
13392
13393 3349
13394 02:17:39,600 ~-~-> 02:17:40,830
13395 more than they should or they're going
13396
13397 3350
13398 02:17:40,830 ~-~-> 02:17:42,660
13399 to sell more than they should. Now think
13400
13401 3351
13402 02:17:42,660 ~-~-> 02:17:45,720
13403 about this, if we understand that an
13404
13405 3352
13406 02:17:45,720 ~-~-> 02:17:50,370
13407 asset class is closely correlated. And
13408
13409 3353
13410 02:17:50,370 ~-~-> 02:17:53,010
13411 I'll give you an example. If you look at
13412
13413 3354
13414 02:17:53,280 ~-~-> 02:17:56,310
13415 the stock averages, okay. And the idea
13416
13417 3355
13418 02:17:56,340 ~-~-> 02:17:58,110
13419 behind the SMT really comes from the Dow
13420
13421 3356
13422 02:17:58,110 ~-~-> 02:18:00,450
13423 Theory, okay, there's really no magic It
13424
13425 3357
13426 02:18:00,450 ~-~-> 02:18:01,860
13427 says I just use something I understood
13428
13429 3358
13430 02:18:01,860 ~-~-> 02:18:04,200
13431 very clearly with the Dow. And it was
13432
13433 3359
13434 02:18:04,200 ~-~-> 02:18:07,560
13435 really amplified with Larry Williams,
13436
13437 3360
13438 02:18:08,010 ~-~-> 02:18:10,980
13439 how to select stocks for immediate
13440
13441 3361
13442 02:18:10,980 ~-~-> 02:18:13,710
13443 gains. But the real book, okay, the only
13444
13445 3362
13446 02:18:13,710 ~-~-> 02:18:15,210
13447 thing that was useful in the book to me
13448
13449 3363
13450 02:18:15,210 ~-~-> 02:18:17,820
13451 was how he looked at when the Dow made,
13452
13453 3364
13454 02:18:18,420 ~-~-> 02:18:21,570
13455 you know, a lower low, but stocks didn't
13456
13457 3365
13458 02:18:21,570 ~-~-> 02:18:23,730
13459 make a lower low. And then once the
13460
13461 3366
13462 02:18:23,730 ~-~-> 02:18:25,140
13463 stock market as a whole sort of trade
13464
13465 3367
13466 02:18:25,140 ~-~-> 02:18:27,750
13467 higher, the ones the issues that didn't
13468
13469 3368
13470 02:18:27,750 ~-~-> 02:18:29,160
13471 make lower lows, they're the ones that
13472
13473 3369
13474 02:18:29,160 ~-~-> 02:18:31,260
13475 smart money was accumulating. Otherwise,
13476
13477 3370
13478 02:18:31,290 ~-~-> 02:18:33,180
13479 they would have made lower lows too, but
13480
13481 3371
13482 02:18:33,180 ~-~-> 02:18:34,440
13483 they didn't they were being a chameleon.
13484
13485 3372
13486 02:18:34,770 ~-~-> 02:18:37,170
13487 So I use that premise, along with the
13488
13489 3373
13490 02:18:37,170 ~-~-> 02:18:39,270
13491 whole general premise behind Dow Theory.
13492
13493 3374
13494 02:18:40,680 ~-~-> 02:18:42,420
13495 The averages should confirm themselves,
13496
13497 3375
13498 02:18:42,570 ~-~-> 02:18:44,550
13499 okay. And when they don't confirm
13500
13501 3376
13502 02:18:44,550 ~-~-> 02:18:47,490
13503 themselves, that is a telltale sign that
13504
13505 3377
13506 02:18:47,490 ~-~-> 02:18:48,810
13507 there's someone with a lot more money
13508
13509 3378
13510 02:18:48,810 ~-~-> 02:18:51,300
13511 than us working behind the scenes, okay.
13512
13513 3379
13514 02:18:51,300 ~-~-> 02:18:52,830
13515 So you can see the underpinnings of the
13516
13517 3380
13518 02:18:52,830 ~-~-> 02:18:55,560
13519 market on the Smart Money basis that no
13520
13521 3381
13522 02:18:55,560 ~-~-> 02:18:59,400
13523 one talks about, okay. So where this
13524
13525 3382
13526 02:18:59,400 ~-~-> 02:19:02,010
13527 phenomenon takes Place is every quarter,
13528
13529 3383
13530 02:19:02,070 ~-~-> 02:19:03,990
13531 there's a shift in institutional flows.
13532
13533 3384
13534 02:19:04,470 ~-~-> 02:19:08,070
13535 And by using old highs and lows, okay,
13536
13537 3385
13538 02:19:08,100 ~-~-> 02:19:10,680
13539 focusing in on SMT divergence on a daily
13540
13541 3386
13542 02:19:10,680 ~-~-> 02:19:13,800
13543 chart, we'll figure it out many of the
13544
13545 3387
13546 02:19:13,800 ~-~-> 02:19:15,900
13547 trade scenarios that you're looking for,
13548
13549 3388
13550 02:19:16,110 ~-~-> 02:19:18,480
13551 okay, you want to sizable price links to
13552
13553 3389
13554 02:19:18,480 ~-~-> 02:19:20,310
13555 work inside of whether you're scalper
13556
13557 3390
13558 02:19:20,310 ~-~-> 02:19:21,660
13559 day trader, swing trader, short term
13560
13561 3391
13562 02:19:21,660 ~-~-> 02:19:24,690
13563 trader or looking to position a long
13564
13565 3392
13566 02:19:24,690 ~-~-> 02:19:27,960
13567 term trade. This is how it's done. Okay,
13568
13569 3393
13570 02:19:28,230 ~-~-> 02:19:29,910
13571 you're going to use market structure.
13572
13573 3394
13574 02:19:30,330 ~-~-> 02:19:31,830
13575 And you're going to be referencing swing
13576
13577 3395
13578 02:19:31,830 ~-~-> 02:19:33,990
13579 point analysis, you're going to just use
13580
13581 3396
13582 02:19:33,990 ~-~-> 02:19:35,490
13583 simply the optimal trade entry for your
13584
13585 3397
13586 02:19:35,490 ~-~-> 02:19:37,920
13587 strategy to get in the trade. But you're
13588
13589 3398
13590 02:19:37,920 ~-~-> 02:19:39,390
13591 gonna use swing projection for your
13592
13593 3399
13594 02:19:39,390 ~-~-> 02:19:40,920
13595 profit objectives and determine where
13596
13597 3400
13598 02:19:40,920 ~-~-> 02:19:41,670
13599 you're gonna get out at.
13600
13601 3401
13602 02:19:45,090 ~-~-> 02:19:47,040
13603 All right, SMT swings on a daily chart,
13604
13605 3402
13606 02:19:47,070 ~-~-> 02:19:48,360
13607 what is it? What does it look like?
13608
13609 3403
13610 02:19:48,510 ~-~-> 02:19:51,510
13611 Well, we're gonna say for instance, that
13612
13613 3404
13614 02:19:51,510 ~-~-> 02:19:55,380
13615 this is the dollar, okay? The green
13616
13617 3405
13618 02:19:55,380 ~-~-> 02:19:57,720
13619 represents the greenback, okay? And
13620
13621 3406
13622 02:19:57,720 ~-~-> 02:19:58,650
13623 we're going to say that the red
13624
13625 3407
13626 02:19:58,650 ~-~-> 02:20:03,000
13627 represents the British pound or cable.
13628
13629 3408
13630 02:20:03,780 ~-~-> 02:20:05,280
13631 Now the problem with this is going to be
13632
13633 3409
13634 02:20:05,280 ~-~-> 02:20:09,510
13635 this because there's an inversion, okay?
13636
13637 3410
13638 02:20:10,380 ~-~-> 02:20:13,260
13639 Ideally, if the dollar is rallying,
13640
13641 3411
13642 02:20:13,680 ~-~-> 02:20:15,690
13643 British Pound USD will be declining.
13644
13645 3412
13646 02:20:16,170 ~-~-> 02:20:17,610
13647 That's the mechanics behind it all.
13648
13649 3413
13650 02:20:17,610 ~-~-> 02:20:20,970
13651 That's usually what you see. For us to
13652
13653 3414
13654 02:20:20,970 ~-~-> 02:20:23,850
13655 see how this works easily, and it's
13656
13657 3415
13658 02:20:23,850 ~-~-> 02:20:26,670
13659 easier for your eye, okay? You have to
13660
13661 3416
13662 02:20:26,670 ~-~-> 02:20:28,500
13663 have a way of inverting one or the
13664
13665 3417
13666 02:20:28,500 ~-~-> 02:20:30,990
13667 other, either invert the dollar, or you
13668
13669 3418
13670 02:20:30,990 ~-~-> 02:20:32,580
13671 have to invert the cable. In other
13672
13673 3419
13674 02:20:32,580 ~-~-> 02:20:33,870
13675 words, you're gonna have to mirror one
13676
13677 3420
13678 02:20:33,900 ~-~-> 02:20:35,340
13679 so that way there'll be moving in
13680
13681 3421
13682 02:20:35,340 ~-~-> 02:20:38,190
13683 tandem. Okay. And the insight is going
13684
13685 3422
13686 02:20:38,190 ~-~-> 02:20:40,260
13687 to be gleaned by looking for periods of
13688
13689 3423
13690 02:20:40,260 ~-~-> 02:20:43,590
13691 when price between the two. Okay, you
13692
13693 3424
13694 02:20:43,590 ~-~-> 02:20:45,870
13695 see how the red again obviously we're
13696
13697 3425
13698 02:20:45,930 ~-~-> 02:20:48,510
13699 using as an example of being the cable
13700
13701 3426
13702 02:20:48,840 ~-~-> 02:20:51,390
13703 was able to make a lower low here. The
13704
13705 3427
13706 02:20:51,390 ~-~-> 02:20:53,670
13707 dollar was not willing to make a lower
13708
13709 3428
13710 02:20:53,670 ~-~-> 02:20:57,180
13711 low. That is SMT diversions. That is a
13712
13713 3429
13714 02:20:57,270 ~-~-> 02:20:59,970
13715 it's a cracking correlation. They should
13716
13717 3430
13718 02:21:00,000 ~-~-> 02:21:02,850
13719 have made comparable lows, see how they
13720
13721 3431
13722 02:21:02,850 ~-~-> 02:21:05,520
13723 were trading together lower here, both
13724
13725 3432
13726 02:21:05,520 ~-~-> 02:21:08,520
13727 declining rate in here, the dollar was
13728
13729 3433
13730 02:21:08,520 ~-~-> 02:21:11,640
13731 saying I'm not going lower. Okay when
13732
13733 3434
13734 02:21:11,640 ~-~-> 02:21:14,280
13735 the cable, okay, we're assuming it's
13736
13737 3435
13738 02:21:14,280 ~-~-> 02:21:15,870
13739 being mirrored here, this would have
13740
13741 3436
13742 02:21:15,870 ~-~-> 02:21:19,770
13743 been the cable making a higher high and
13744
13745 3437
13746 02:21:19,770 ~-~-> 02:21:20,940
13747 then maybe a little bit confusing. So
13748
13749 3438
13750 02:21:20,940 ~-~-> 02:21:21,930
13751 this is the reason I got to watch the
13752
13753 3439
13754 02:21:21,930 ~-~-> 02:21:24,420
13755 video several times. But if the dollar
13756
13757 3440
13758 02:21:24,420 ~-~-> 02:21:26,940
13759 makes a failure swing to go lower when a
13760
13761 3441
13762 02:21:26,940 ~-~-> 02:21:28,350
13763 cable makes a higher high or in this
13764
13765 3442
13766 02:21:28,350 ~-~-> 02:21:30,450
13767 case if we mirrored to if it makes a
13768
13769 3443
13770 02:21:30,450 ~-~-> 02:21:32,880
13771 lower low, that's an s&p divergence,
13772
13773 3444
13774 02:21:32,910 ~-~-> 02:21:34,560
13775 that's a crack and correlation and
13776
13777 3445
13778 02:21:34,560 ~-~-> 02:21:36,240
13779 expect to see a major move the other
13780
13781 3446
13782 02:21:36,240 ~-~-> 02:21:40,230
13783 way. Okay. Same thing happening here. We
13784
13785 3447
13786 02:21:40,230 ~-~-> 02:21:44,340
13787 have price making a low, lower low in
13788
13789 3448
13790 02:21:44,340 ~-~-> 02:21:47,670
13791 here and the cable was not making
13792
13793 3449
13794 02:21:47,670 ~-~-> 02:21:49,170
13795 comparable low it was actually a little
13796
13797 3450
13798 02:21:49,170 ~-~-> 02:21:50,970
13799 bit higher and here we have a divergence
13800
13801 3451
13802 02:21:51,030 ~-~-> 02:21:53,670
13803 SMT divergence. We also see that same
13804
13805 3452
13806 02:21:53,670 ~-~-> 02:21:55,830
13807 thing happening on a larger scale see
13808
13809 3453
13810 02:21:55,830 ~-~-> 02:21:58,860
13811 this low comparable to this low. This
13812
13813 3454
13814 02:21:58,860 ~-~-> 02:22:01,920
13815 low represents this The cable went lower
13816
13817 3455
13818 02:22:01,920 ~-~-> 02:22:04,320
13819 here, the dollar was not willing to do
13820
13821 3456
13822 02:22:04,320 ~-~-> 02:22:06,960
13823 so. Now you see a price swing. Okay,
13824
13825 3457
13826 02:22:07,530 ~-~-> 02:22:10,290
13827 price moves higher here in the cable was
13828
13829 3458
13830 02:22:10,290 ~-~-> 02:22:12,720
13831 unable to do it here. Okay now when I
13832
13833 3459
13834 02:22:12,720 ~-~-> 02:22:14,430
13835 say higher here's a cable again, this is
13836
13837 3460
13838 02:22:14,430 ~-~-> 02:22:16,050
13839 assuming it's being mirrored like it is.
13840
13841 3461
13842 02:22:16,380 ~-~-> 02:22:18,570
13843 So this would be a lower low when $1
13844
13845 3462
13846 02:22:18,570 ~-~-> 02:22:21,840
13847 made a failure swing to go higher. Okay?
13848
13849 3463
13850 02:22:22,170 ~-~-> 02:22:23,760
13851 And I know it's a little bit confusing,
13852
13853 3464
13854 02:22:23,760 ~-~-> 02:22:27,420
13855 but basically a higher high end dollar
13856
13857 3465
13858 02:22:27,420 ~-~-> 02:22:28,830
13859 should be met with a lower low and
13860
13861 3466
13862 02:22:28,830 ~-~-> 02:22:33,840
13863 cable, a lower, low and $1 should be met
13864
13865 3467
13866 02:22:33,840 ~-~-> 02:22:35,880
13867 with a higher high and cable, okay, so
13868
13869 3468
13870 02:22:36,120 ~-~-> 02:22:39,270
13871 that every low and high should be equal
13872
13873 3469
13874 02:22:39,300 ~-~-> 02:22:42,300
13875 in terms of breaking to higher or lower
13876
13877 3470
13878 02:22:42,390 ~-~-> 02:22:44,640
13879 ground between the two. If you don't see
13880
13881 3471
13882 02:22:44,640 ~-~-> 02:22:47,130
13883 that happening. There's a break in
13884
13885 3472
13886 02:22:47,130 ~-~-> 02:22:49,590
13887 correlation. Okay, you see the high
13888
13889 3473
13890 02:22:49,590 ~-~-> 02:22:51,690
13891 here. We need a higher high here in the
13892
13893 3474
13894 02:22:51,690 ~-~-> 02:22:53,970
13895 dollar. Look what was going on here.
13896
13897 3475
13898 02:22:54,120 ~-~-> 02:22:56,280
13899 Again, this would be the cable mirrored
13900
13901 3476
13902 02:22:56,310 ~-~-> 02:22:58,530
13903 so this would be lows in the cable. The
13904
13905 3477
13906 02:22:58,530 ~-~-> 02:23:00,750
13907 cable was unwilling to make a lower Low
13908
13909 3478
13910 02:23:00,780 ~-~-> 02:23:01,980
13911 or in this case, since it's being
13912
13913 3479
13914 02:23:01,980 ~-~-> 02:23:03,750
13915 mirrored, it was unable to make a higher
13916
13917 3480
13918 02:23:03,750 ~-~-> 02:23:06,390
13919 high when the dollar was able to make a
13920
13921 3481
13922 02:23:06,390 ~-~-> 02:23:08,130
13923 higher high. So what does that saying?
13924
13925 3482
13926 02:23:08,850 ~-~-> 02:23:10,620
13927 that while the dial dollar was able to
13928
13929 3483
13930 02:23:10,620 ~-~-> 02:23:12,780
13931 rally, the cable was actually being
13932
13933 3484
13934 02:23:12,780 ~-~-> 02:23:15,420
13935 distributed Smart Money was selling that
13936
13937 3485
13938 02:23:15,420 ~-~-> 02:23:17,460
13939 whole thing right here. Every time it
13940
13941 3486
13942 02:23:17,460 ~-~-> 02:23:18,660
13943 was making a rally, they were selling
13944
13945 3487
13946 02:23:18,660 ~-~-> 02:23:23,400
13947 aggressively, and then boom. Okay, I
13948
13949 3488
13950 02:23:23,400 ~-~-> 02:23:24,570
13951 said that wrong I just realized that
13952
13953 3489
13954 02:23:24,570 ~-~-> 02:23:26,490
13955 this would be actually buying the cable
13956
13957 3490
13958 02:23:26,490 ~-~-> 02:23:28,050
13959 because it's inverted. So they were
13960
13961 3491
13962 02:23:28,170 ~-~-> 02:23:30,300
13963 unwilling to go lower in the cable
13964
13965 3492
13966 02:23:31,050 ~-~-> 02:23:32,790
13967 graphically depicted here as not being
13968
13969 3493
13970 02:23:32,790 ~-~-> 02:23:35,580
13971 able to go higher. So the dollar when it
13972
13973 3494
13974 02:23:35,580 ~-~-> 02:23:36,930
13975 starts to sell off, we'll see an
13976
13977 3495
13978 02:23:36,930 ~-~-> 02:23:39,180
13979 extrapolated move on the cable going
13980
13981 3496
13982 02:23:39,180 ~-~-> 02:23:40,710
13983 higher because it was unmake unwilling
13984
13985 3497
13986 02:23:40,710 ~-~-> 02:23:43,080
13987 to make a lower low. So again, this high
13988
13989 3498
13990 02:23:43,500 ~-~-> 02:23:46,020
13991 too high on the dollar was higher. That
13992
13993 3499
13994 02:23:46,020 ~-~-> 02:23:48,090
13995 should have been met with a low and a
13996
13997 3500
13998 02:23:48,090 ~-~-> 02:23:51,210
13999 lower low in the cable here. Can again
14000
14001 3501
14002 02:23:51,210 ~-~-> 02:23:53,070
14003 this is mirrored Okay, this is actually
14004
14005 3502
14006 02:23:53,370 ~-~-> 02:23:55,380
14007 this whole price action here should be
14008
14009 3503
14010 02:23:55,380 ~-~-> 02:23:58,410
14011 reversed. But for us to compare highs,
14012
14013 3504
14014 02:23:58,410 ~-~-> 02:23:59,640
14015 the highs and lows lows you have to
14016
14017 3505
14018 02:23:59,640 ~-~-> 02:24:01,530
14019 mirror one One or the other. Now I used
14020
14021 3506
14022 02:24:01,530 ~-~-> 02:24:03,240
14023 to teach it where I didn't mirror it.
14024
14025 3507
14026 02:24:03,480 ~-~-> 02:24:05,520
14027 And it just was so confusing for a lot
14028
14029 3508
14030 02:24:05,520 ~-~-> 02:24:07,020
14031 of folks that just, it was very
14032
14033 3509
14034 02:24:07,020 ~-~-> 02:24:08,640
14035 frustrating for him. And this is
14036
14037 3510
14038 02:24:08,640 ~-~-> 02:24:10,170
14039 probably don't say anything to some of
14040
14041 3511
14042 02:24:10,170 ~-~-> 02:24:11,670
14043 you now watching it, you're thinking,
14044
14045 3512
14046 02:24:11,670 ~-~-> 02:24:13,020
14047 Man, I thought I understood it. Now I
14048
14049 3513
14050 02:24:13,020 ~-~-> 02:24:14,730
14051 don't, it's really not that hard of a
14052
14053 3514
14054 02:24:14,760 ~-~-> 02:24:17,400
14055 concept. Once again, watch the video
14056
14057 3515
14058 02:24:17,400 ~-~-> 02:24:18,420
14059 several times, you'll get what I'm
14060
14061 3516
14062 02:24:18,420 ~-~-> 02:24:19,590
14063 talking about, when we see the examples,
14064
14065 3517
14066 02:24:19,590 ~-~-> 02:24:21,690
14067 you'll make much, much more sense. The
14068
14069 3518
14070 02:24:21,690 ~-~-> 02:24:23,820
14071 dollar here failed to make a lower low
14072
14073 3519
14074 02:24:24,150 ~-~-> 02:24:27,750
14075 when the cable on this chart here made
14076
14077 3520
14078 02:24:27,750 ~-~-> 02:24:28,950
14079 lower lows, which would have been higher
14080
14081 3521
14082 02:24:28,950 ~-~-> 02:24:32,010
14083 high in actual price of cable cracking,
14084
14085 3522
14086 02:24:32,010 ~-~-> 02:24:33,720
14087 correlation, expected price pricing to
14088
14089 3523
14090 02:24:33,720 ~-~-> 02:24:36,840
14091 the upside. And really, that's all
14092
14093 3524
14094 02:24:36,840 ~-~-> 02:24:37,590
14095 you're looking for
14096
14097 3525
14098 02:24:37,650 ~-~-> 02:24:40,260
14099 every three months or so, inside of
14100
14101 3526
14102 02:24:40,290 ~-~-> 02:24:41,700
14103 inside of three months, there's going to
14104
14105 3527
14106 02:24:41,700 ~-~-> 02:24:44,190
14107 be a crack in the in correlation. And
14108
14109 3528
14110 02:24:44,190 ~-~-> 02:24:46,710
14111 all you're doing is looking to find that
14112
14113 3529
14114 02:24:46,710 ~-~-> 02:24:48,900
14115 scenario, that selection tool, okay?
14116
14117 3530
14118 02:24:48,900 ~-~-> 02:24:51,120
14119 It's not a timing tool. It's a selection
14120
14121 3531
14122 02:24:51,120 ~-~-> 02:24:52,830
14123 tool. You're looking at the daily chart
14124
14125 3532
14126 02:24:52,830 ~-~-> 02:24:54,750
14127 to frame the idea that there should be
14128
14129 3533
14130 02:24:54,810 ~-~-> 02:24:56,640
14131 institutional sponsorship on the buy
14132
14133 3534
14134 02:24:56,640 ~-~-> 02:24:59,520
14135 side or the sell side and by seeing that
14136
14137 3535
14138 02:24:59,700 ~-~-> 02:25:01,350
14139 you get yourself in sync with looking
14140
14141 3536
14142 02:25:01,350 ~-~-> 02:25:05,430
14143 for the anticipate anticipatory move of
14144
14145 3537
14146 02:25:05,430 ~-~-> 02:25:08,280
14147 price going lower or higher based on
14148
14149 3538
14150 02:25:08,280 ~-~-> 02:25:09,780
14151 this insight and then using intraday
14152
14153 3539
14154 02:25:09,780 ~-~-> 02:25:12,900
14155 entries and price patterns around that
14156
14157 3540
14158 02:25:12,930 ~-~-> 02:25:19,080
14159 or with support resistance. Now,
14160
14161 3541
14162 02:25:19,170 ~-~-> 02:25:21,180
14163 assuming we have the scenario where
14164
14165 3542
14166 02:25:21,240 ~-~-> 02:25:23,850
14167 price has now set up a SMT divergence on
14168
14169 3543
14170 02:25:23,850 ~-~-> 02:25:28,860
14171 a bear's side of things. Well, you would
14172
14173 3544
14174 02:25:28,860 ~-~-> 02:25:31,440
14175 expect price to rally up into a level of
14176
14177 3545
14178 02:25:31,440 ~-~-> 02:25:33,540
14179 higher timeframe resistance what is that
14180
14181 3546
14182 02:25:33,930 ~-~-> 02:25:35,790
14183 as a monthly resistance, a weekly
14184
14185 3547
14186 02:25:35,790 ~-~-> 02:25:37,860
14187 resistance or daily resistance okay.
14188
14189 3548
14190 02:25:40,560 ~-~-> 02:25:42,570
14191 Once price shows a clear indication that
14192
14193 3549
14194 02:25:42,570 ~-~-> 02:25:44,460
14195 is wanting to move away from that
14196
14197 3550
14198 02:25:44,460 ~-~-> 02:25:46,530
14199 resistance level. Now you have a
14200
14201 3551
14202 02:25:46,530 ~-~-> 02:25:51,540
14203 commitment on the smart money. They know
14204
14205 3552
14206 02:25:52,170 ~-~-> 02:25:54,090
14207 if you're looking at this, think about
14208
14209 3553
14210 02:25:54,090 ~-~-> 02:25:55,890
14211 it. Graphically this would look like a
14212
14213 3554
14214 02:25:55,890 ~-~-> 02:25:58,230
14215 retracement for a buy. If you're just
14216
14217 3555
14218 02:25:58,230 ~-~-> 02:26:00,870
14219 looking at price and Thinking without
14220
14221 3556
14222 02:26:00,870 ~-~-> 02:26:02,940
14223 higher timeframe premise in mind, if
14224
14225 3557
14226 02:26:02,970 ~-~-> 02:26:05,130
14227 overall premise was bearish, this would
14228
14229 3558
14230 02:26:05,130 ~-~-> 02:26:07,050
14231 look like a buy signal. And I just, I
14232
14233 3559
14234 02:26:07,050 ~-~-> 02:26:09,210
14235 just gave this example. At the time of
14236
14237 3560
14238 02:26:09,210 ~-~-> 02:26:10,470
14239 this recording the previous week of this
14240
14241 3561
14242 02:26:10,470 ~-~-> 02:26:12,330
14243 recording, I gave examples of how the
14244
14245 3562
14246 02:26:12,330 ~-~-> 02:26:14,970
14247 charts looked like by scenarios when it
14248
14249 3563
14250 02:26:14,970 ~-~-> 02:26:17,310
14251 was still underneath institutional sell.
14252
14253 3564
14254 02:26:18,270 ~-~-> 02:26:19,530
14255 But this is what you're looking for, you
14256
14257 3565
14258 02:26:19,530 ~-~-> 02:26:21,330
14259 want to see it break down and start to
14260
14261 3566
14262 02:26:21,330 ~-~-> 02:26:22,890
14263 rally back up to that resistance level.
14264
14265 3567
14266 02:26:23,070 ~-~-> 02:26:24,900
14267 When it does that, that's where you sell
14268
14269 3568
14270 02:26:24,900 ~-~-> 02:26:27,780
14271 it. Damn, once you enter the short you
14272
14273 3569
14274 02:26:27,780 ~-~-> 02:26:30,510
14275 want to see the market break down and
14276
14277 3570
14278 02:26:30,510 ~-~-> 02:26:33,480
14279 take out the previous swing lows once
14280
14281 3571
14282 02:26:33,480 ~-~-> 02:26:35,790
14283 that thing breaks that low. Now you're
14284
14285 3572
14286 02:26:35,790 ~-~-> 02:26:37,620
14287 going to be looking for that A to B to C
14288
14289 3573
14290 02:26:37,620 ~-~-> 02:26:41,550
14291 to D. Measured move phenomenon, okay?
14292
14293 3574
14294 02:26:41,820 ~-~-> 02:26:42,990
14295 And what will happen is there'll be a
14296
14297 3575
14298 02:26:42,990 ~-~-> 02:26:45,540
14299 retracement of some sort. Very soon
14300
14301 3576
14302 02:26:45,540 ~-~-> 02:26:48,870
14303 after that inside of this retracement,
14304
14305 3577
14306 02:26:49,080 ~-~-> 02:26:51,450
14307 it could come back to the old low or
14308
14309 3578
14310 02:26:51,690 ~-~-> 02:26:53,310
14311 what you're looking for is you want to
14312
14313 3579
14314 02:26:53,310 ~-~-> 02:26:55,950
14315 see that stop running event. You want to
14316
14317 3580
14318 02:26:55,950 ~-~-> 02:26:58,530
14319 see a short term high in here that's ran
14320
14321 3581
14322 02:26:58,530 ~-~-> 02:27:00,630
14323 out. Okay, that's really nice. Clearly
14324
14325 3582
14326 02:27:00,630 ~-~-> 02:27:02,700
14327 soon in this one, I'm really graphically
14328
14329 3583
14330 02:27:03,960 ~-~-> 02:27:05,790
14331 oversimplifying this, I'm afraid but
14332
14333 3584
14334 02:27:05,940 ~-~-> 02:27:08,730
14335 inside of this rally in here, okay, this
14336
14337 3585
14338 02:27:08,730 ~-~-> 02:27:10,440
14339 would be a period of time, that would
14340
14341 3586
14342 02:27:10,470 ~-~-> 02:27:13,860
14343 encapsulate a previous swing high that
14344
14345 3587
14346 02:27:13,890 ~-~-> 02:27:16,470
14347 eventually ran again, once it does that,
14348
14349 3588
14350 02:27:16,710 ~-~-> 02:27:18,150
14351 that's the stop rate that you want to
14352
14353 3589
14354 02:27:18,150 ~-~-> 02:27:20,340
14355 see. And that's when the big move starts
14356
14357 3590
14358 02:27:20,340 ~-~-> 02:27:22,260
14359 to take place and runs down and you have
14360
14361 3591
14362 02:27:22,260 ~-~-> 02:27:24,060
14363 the measured move phenomenon or to A to
14364
14365 3592
14366 02:27:24,060 ~-~-> 02:27:29,520
14367 B to C to D extensions. When you when
14368
14369 3593
14370 02:27:29,520 ~-~-> 02:27:32,790
14371 you have that measured move of this low
14372
14373 3594
14374 02:27:33,090 ~-~-> 02:27:35,280
14375 to high that range projected from this
14376
14377 3595
14378 02:27:35,280 ~-~-> 02:27:38,010
14379 low down, that's one objective, or you
14380
14381 3596
14382 02:27:38,010 ~-~-> 02:27:40,650
14383 can take the range of this low to high
14384
14385 3597
14386 02:27:40,650 ~-~-> 02:27:46,680
14387 and do a 127 extension here, or 1.618 or
14388
14389 3598
14390 02:27:46,680 ~-~-> 02:27:48,870
14391 1.62 extension. That's how I just
14392
14393 3599
14394 02:27:48,870 ~-~-> 02:27:52,080
14395 rounded up. use that example. Okay, and
14396
14397 3600
14398 02:27:52,080 ~-~-> 02:27:54,810
14399 couple that with the A to B to C to the
14400
14401 3601
14402 02:27:54,840 ~-~-> 02:27:58,110
14403 extension, harmonically and that is the
14404
14405 3602
14406 02:27:58,110 ~-~-> 02:28:01,080
14407 easiest way that you can Get in sync
14408
14409 3603
14410 02:28:01,110 ~-~-> 02:28:02,640
14411 with the trend trade with the
14412
14413 3604
14414 02:28:02,640 ~-~-> 02:28:05,010
14415 commercials with the Smart Money trade
14416
14417 3605
14418 02:28:05,010 ~-~-> 02:28:07,920
14419 with a pattern based method using
14420
14421 3606
14422 02:28:07,920 ~-~-> 02:28:09,930
14423 support resistance only higher timeframe
14424
14425 3607
14426 02:28:10,080 ~-~-> 02:28:12,120
14427 monthly, weekly and daily support
14428
14429 3608
14430 02:28:12,120 ~-~-> 02:28:14,280
14431 resistance levels in mind. Many times
14432
14433 3609
14434 02:28:14,280 ~-~-> 02:28:16,290
14435 what will happen is this area here will
14436
14437 3610
14438 02:28:16,290 ~-~-> 02:28:18,090
14439 be an order block over here this high
14440
14441 3611
14442 02:28:18,090 ~-~-> 02:28:19,740
14443 it's not been depicted here, this will
14444
14445 3612
14446 02:28:19,740 ~-~-> 02:28:21,210
14447 be a bearish order block and price will
14448
14449 3613
14450 02:28:21,210 ~-~-> 02:28:22,890
14451 return right back into that area and
14452
14453 3614
14454 02:28:22,890 ~-~-> 02:28:25,590
14455 sell off again. Okay. And that's really
14456
14457 3615
14458 02:28:25,620 ~-~-> 02:28:28,800
14459 the that's the basis for building a very
14460
14461 3616
14462 02:28:29,430 ~-~-> 02:28:32,310
14463 sound approach to higher timeframe
14464
14465 3617
14466 02:28:32,310 ~-~-> 02:28:35,040
14467 trading. And once you understand how
14468
14469 3618
14470 02:28:35,040 ~-~-> 02:28:37,560
14471 this is done, all the intraday action of
14472
14473 3619
14474 02:28:37,560 ~-~-> 02:28:39,660
14475 selling in a down day. That's all this
14476
14477 3620
14478 02:28:39,660 ~-~-> 02:28:41,250
14479 is same thing being applied on an
14480
14481 3621
14482 02:28:41,250 ~-~-> 02:28:45,360
14483 intraday basis. What will happen
14484
14485 3622
14486 02:28:45,360 ~-~-> 02:28:46,290
14487 eventually is you'll go into
14488
14489 3623
14490 02:28:46,290 ~-~-> 02:28:47,790
14491 consolidation and everyone will now
14492
14493 3624
14494 02:28:47,790 ~-~-> 02:28:49,530
14495 start chasing the move lower, but the
14496
14497 3625
14498 02:28:49,530 ~-~-> 02:28:50,550
14499 moves already happened and you've
14500
14501 3626
14502 02:28:50,550 ~-~-> 02:28:51,420
14503 already profited.