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3		-ICT: Folks, we are in the final
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	2	+|1 |00:00:12,030 ~-~-> 00:00:26,010 |ICT: Hello, folks, we are in the final installment for the what every new and or aspiring forex trader wants to know, review the last four years of so I'm really
	3	+|2 |00:00:26,010 ~-~-> 00:00:36,630 |condensed a lot of material. And it's not intended to replace going through all the old material, but it's just simply a means for me to get you back up to
	4	+|3 |00:00:36,630 ~-~-> 00:00:47,490 |speed with the core essential tenants to what I use when I do my trading, my analysis concepts and how I arrive at the ideas about the marketplace, and in
	5	+|4 |00:00:47,850 ~-~-> 00:01:01,890 |what framework I utilize to arrive at that, that opinion. Before we go into the material for this final stage of the presentations, it's important to understand
	6	+|5 |00:01:01,890 ~-~-> 00:01:18,030 |that this is obviously much of an abbreviated form of study, obviously, each one of the components that I deal with here, and some of the things I've left out
	7	+|6 |00:01:18,030 ~-~-> 00:01:28,560 |like traitors, Trinity, and like the overall pattern, and the stinger patterns, all that are unique to me and my material, I left those out for a reason,
	8	+|7 |00:01:28,560 ~-~-> 00:01:43,290 |because I think a majority of the participants and and members of our community, inner circle trader community, they have been exposed to a lot of information.
	9	+|8 |00:01:43,470 ~-~-> 00:01:57,420 |And because I've been involved with trading for 20 years, I have a lot of tools in my repertoire. But not every tool is applicable to every trader. And I'm
	10	+|9 |00:01:57,420 ~-~-> 00:02:08,820 |cognizant of that, and much more. So now because of the large degree of feedback I've received from the participants in the study of my material. I am guilty of
	11	+|10 |00:02:08,820 ~-~-> 00:02:17,640 |wanting to share everything, and sometimes much faster, even though it doesn't seem like it's going fast for a lot of you. It takes a lot of time to digest
	12	+|11 |00:02:17,640 ~-~-> 00:02:26,700 |this material. And it's it's foolish to think just simply having a video to watching it and then suddenly sitting in front your charts, you're just going to
	13	+|12 |00:02:26,700 ~-~-> 00:02:35,070 |be a Maven, and just go in here and start taking out pips and you know, and just roll in the markets. And that's not how it works. You have to have certain tools
	14	+|13 |00:02:35,070 ~-~-> 00:02:48,540 |and applications that resonate very close to your own persona and your psyche as a trader. And what I did was I went back to the core roots of all of my success,
	15	+|14 |00:02:48,570 ~-~-> 00:02:58,830 |and it just simply goes back to support resistance, understanding macro, fundamental driven trends, which are higher timeframe based only at monthly,
	16	+|15 |00:02:58,830 ~-~-> 00:03:13,650 |weekly, daily. And by having that as your foundation, a lot of the shorter term timeframe, analysis concepts will be much more accurate, much more sensitive to
	17	+|16 |00:03:13,650 ~-~-> 00:03:19,440 |your needs as a trader and understanding what it is that you are trying to accomplish as a trader.
	18	+|17 |00:03:21,090 ~-~-> 00:03:30,810 |The previous sessions we've obviously went through a large degree of material pertain to directional premise, because I think if there's any one question I
	19	+|18 |00:03:30,810 ~-~-> 00:03:41,400 |get more sent to me by way of Twitter or emails, it's how do I know which direction the market is going to go today. And while I'm not 100% accurate,
	20	+|19 |00:03:41,700 ~-~-> 00:03:52,080 |every single day, my tools guide me, no matter where I'm in the Upper 90% bracket in terms of directional premise, and there's really no, there's no
	21	+|20 |00:03:52,080 ~-~-> 00:04:08,640 |mystery as to why that is, is simply because I'm disciplined enough. And I trust the tools to allow the adherence to a certain frame of mind going into the study
	22	+|21 |00:04:08,640 ~-~-> 00:04:18,630 |of price. At the higher timeframe trends tend to stay in one direction or another for a long period of time. There may be minor corrections or pauses in
	23	+|22 |00:04:18,630 ~-~-> 00:04:28,290 |between, but generally, the macro major trends are tides, if you will, those waters tend to keep moving in the same direction for a long period of time until
	24	+|23 |00:04:28,290 ~-~-> 00:04:44,160 |they hit a greater or equal resistance in terms of your support or resistance or political or economic front changes because of something you know large scale
	25	+|24 |00:04:44,850 ~-~-> 00:04:56,400 |war something like that comes out the the concepts we're gonna be discussing in this last one will be a little bit of combining all the stuff together and a
	26	+|25 |00:04:56,400 ~-~-> 00:05:03,420 |couple other points that I didn't bring up earlier, but We're going to be much more Paramount now, because we're gonna be doing a lot more of the execution
	27	+|26 |00:05:03,420 ~-~-> 00:05:13,890 |stage of all the tools. And the first one I'm talking about is risk on or risk off. And if you don't know what that is, obviously, in a risk on environment,
	28	+|27 |00:05:14,100 ~-~-> 00:05:26,190 |that's typically when you see equities, stocks and such commodities and higher yielding currencies, okay, they will tend to rally or move higher up in in
	29	+|28 |00:05:26,190 ~-~-> 00:05:35,850 |price, while the dollar generally will be moving down, okay, because it's commonly viewed. And I hate to say it like this, because the dollar has been
	30	+|29 |00:05:35,850 ~-~-> 00:05:43,890 |beaten up over the last couple decades, really, because it's really fallen out of favor in terms of a lot of the global
	31	+|30 |00:05:45,330 ~-~-> 00:05:53,700 |countries, they don't really have a lot of faith in the United States in our economy. And I think it's justified in a lot of ways. But as it is right now,
	32	+|31 |00:05:53,700 ~-~-> 00:06:06,720 |greenback still is the reserve currency. It may not be that way for very long, but it is at the time of this recording in 2014. If we are expecting firmer
	33	+|32 |00:06:06,720 ~-~-> 00:06:17,580 |prices in the dollar, that would equate to a risk off scenario. And that would translate in the form of lower equity or stock prices, lower higher yielding
	34	+|33 |00:06:17,640 ~-~-> 00:06:29,430 |foreign currencies, and commodity prices dropping, okay, and you don't have to go crazy and have every single commodity in every single stock up in every
	35	+|34 |00:06:29,430 ~-~-> 00:06:43,050 |single indicee. Okay, for stock index, you just need a few. And that will give you a clear depiction every single day. With the accompany of the US dollar.
	36	+|35 |00:06:43,050 ~-~-> 00:06:51,960 |Obviously, what we're showing here is a US dollar daily chart. And if you're familiar with a lot of my market reviews are my commentary. I generally have
	37	+|36 |00:06:51,960 ~-~-> 00:07:03,330 |this most often very first thing I talk about is the dollar. Because it is like my barometer it tells me that are we in a trending environment? Are we in a
	38	+|37 |00:07:03,330 ~-~-> 00:07:12,270 |consolidation environment? Are we in a risk on risk off environment, there's a lot of information that is derived by this simply understanding the dollar. And
	39	+|38 |00:07:12,480 ~-~-> 00:07:21,390 |especially because I trade the majors in forex, it's going to be paramount in my understanding of where price is most likely going to go today, if not for the
	40	+|39 |00:07:21,690 ~-~-> 00:07:29,610 |next few days or even several months out. Depending on the level of trader, you're going to be if you're going to be a long term position trader, short term
	41	+|40 |00:07:29,610 ~-~-> 00:07:41,460 |trader swing trader or day trader scalper, it doesn't make sense not to at least reference the higher timeframe dollar and higher time frame currency pairs that
	42	+|41 |00:07:41,460 ~-~-> 00:07:51,150 |you are intending the trade. Okay, having that macro view is essential, in my opinion, to having longevity as a trader, and obviously the what everybody
	43	+|42 |00:07:51,150 ~-~-> 00:08:01,200 |wants, which is high accuracy, and directional premise, okay, and it's a lot of weight placed on directional premise for new traders and I get it I did the same
	44	+|43 |00:08:01,200 ~-~-> 00:08:10,230 |thing I just wanted to know, okay, is it going to go up or go? No, it's going to go down. And you've all heard the story, I understood the market only going up
	45	+|44 |00:08:10,230 ~-~-> 00:08:18,060 |when I first started never understood that you can make money going down. But in the currency markets, obviously, you know, because we are focusing pretty much
	46	+|45 |00:08:18,060 ~-~-> 00:08:28,800 |on the foreign exchange or Forex markets. And this in a series, the things that I'm discussing here are pretty much universal, they apply to every asset class
	47	+|46 |00:08:28,800 ~-~-> 00:08:41,610 |that is tradable, okay, and you can use these ideas in those other asset classes in your trading. There are a few things that are sensitive to the cable, which
	48	+|47 |00:08:41,610 ~-~-> 00:08:54,270 |is the British Pound USD pair, and the fiber which is a Euro USD pair. Some of them are time of day. And while the London session, which is again I'll refer to
	49	+|48 |00:08:54,300 ~-~-> 00:09:05,550 |times in my own local time zone, so you'll have to translate that for where you are in relationship to me around the globe, because it's too difficult for me to
	50	+|49 |00:09:05,550 ~-~-> 00:09:14,160 |keep track all you guys out there and try to figure out what you should be setting your charts up for and what time it would be. You know, in respect to
	51	+|50 |00:09:14,190 ~-~-> 00:09:25,020 |what I'm doing, okay, so when I say two o'clock in the morning, and four o'clock in the morning, okay, that's like the sweet spot ICT kill zone for London open.
	52	+|51 |00:09:25,470 ~-~-> 00:09:37,260 |Now obviously it could start an hour before that. Or it could last as long as 5am New York time against all New York standard. My Local United States North
	53	+|52 |00:09:37,260 ~-~-> 00:09:45,930 |America, East Coast time. Okay. So the easiest way to do it is set a clock. Get yourself a little, you know, desktop application you can put on your computer.
	54	+|53 |00:09:46,920 ~-~-> 00:10:01,530 |Smartphones you can put a world clock on. I have every world clock for the this the asian session, the Sydney session, the Frankfurt session. I have I basically
	55	+|54 |00:10:01,530 ~-~-> 00:10:11,700 |have all the major timezone on my world clock on my iPhone, and I just look at certain times of the day when certain moves take place. And you can do that same
	56	+|55 |00:10:11,700 ~-~-> 00:10:19,290 |thing, but just simply saying, Okay, look, this is ICT zone. Okay, this is what this is what Michaels feeling in terms of price action. You don't have to
	57	+|56 |00:10:19,290 ~-~-> 00:10:27,930 |continue doing that for years from now. Okay, obviously, if you're trying to learn my understanding of the marketplace and my concepts, it'll be a lot easier
	58	+|57 |00:10:27,930 ~-~-> 00:10:39,120 |for you to get in sync with me, because I'm on New York time. So everything that I view the marketplace, as, in reference to time will be hinged upon what time
	59	+|58 |00:10:39,120 ~-~-> 00:10:45,630 |is it in New York, I live in Maryland, but I'm in the timezone that New York is viewed as.
	60	+|59 |00:10:46,860 ~-~-> 00:10:53,070 |So now, let's talk about risk on and risk off. Okay, assume for a moment that
	61	+|60 |00:10:53,400 ~-~-> 00:10:54,870 |Unknown: when we discuss
	62	+|61 |00:10:55,680 ~-~-> 00:11:07,170 |ICT: risk on scenarios, that would be indicative of price action like this. Okay, when risk on is in the marketplace, okay, you'll see the dollar falling.
	63	+|62 |00:11:07,950 ~-~-> 00:11:18,210 |Okay. When the dollar rallies, anytime the price of the dollar is rallying up. depending upon what time frame you're referring to, obviously, this is a daily
	64	+|63 |00:11:18,210 ~-~-> 00:11:31,980 |chart, this would be a swing, okay, in between this low and this high. This would be classified as a risk off scenario, okay, risk off would be the dollar
	65	+|64 |00:11:31,980 ~-~-> 00:11:43,290 |rallying. Now when this occurs, okay, imagine a children's playground apparatus, okay, we probably all rode one of the children as a child, one child gets on one
	66	+|65 |00:11:43,290 ~-~-> 00:11:51,000 |end of the seesaw, and another child gets on the other end of the sea salt, okay. And what will happen is, is this, the two children will press off the
	67	+|66 |00:11:51,090 ~-~-> 00:12:01,560 |ground and make the other one rise up and back and forth goes on. Well, that same teetering effect, okay. It's like a scale as well. If the dollar goes up,
	68	+|67 |00:12:01,560 ~-~-> 00:12:10,620 |foreign currencies go down, okay, if the dollar goes down, foreign currencies go up. It's very, very simple. But many times new traders are first introduced to
	69	+|68 |00:12:10,620 ~-~-> 00:12:18,510 |risk on risk off, they overcomplicate it, and they try to make more than it really is. But the easiest way to understand it is if the dollar is going up,
	70	+|69 |00:12:18,900 ~-~-> 00:12:30,510 |everything else, whether it be equities, whether it be foreign currencies, commodities, okay, those will be going the opposite direction. Okay. And the
	71	+|70 |00:12:30,510 ~-~-> 00:12:42,720 |easiest way to understand it is risk one is when dollar goes down, okay, and that's basically a flight from the dollar into a higher yield seeking asset
	72	+|71 |00:12:42,720 ~-~-> 00:12:51,480 |class. Okay? Because it's viewed as more risky. And the dollar is a safe haven. And I say that with tongue in cheek, obvious, I know, most of you who are, are
	73	+|72 |00:12:51,480 ~-~-> 00:13:03,060 |thinking the same thing I do. The dollar is is nowhere near the degree of benchmark like it used to be, but as it were, if the dollar is going up, okay,
	74	+|73 |00:13:03,060 ~-~-> 00:13:11,700 |that's going to be a risk off scenario. And that's gonna equate to seeing lower stock prices, commodity prices will be declining, and foreign currencies will be
	75	+|74 |00:13:11,700 ~-~-> 00:13:20,820 |declining, okay. So there's going to be a vice versa effect. And that's the reason why I started the dollar first, because it will give me the beginning
	76	+|75 |00:13:20,820 ~-~-> 00:13:31,350 |point or foundation for understanding where the marketplace as a whole should go. Okay, now, is it right to the minute every time? No, okay. But again,
	77	+|76 |00:13:31,350 ~-~-> 00:13:40,170 |that's, that's the benefit of using these higher timeframe charts, monthly, weekly, daily, is because those trends, those macro trends, they tend to exist
	78	+|77 |00:13:40,170 ~-~-> 00:13:52,560 |for a long period of time, and it takes something with a real large impact on price to cause it to stop pause or even altogether reverse. Okay, so I'm trying
	79	+|78 |00:13:52,560 ~-~-> 00:14:00,480 |to teach you the understanding of trusting the higher timeframe premise, especially when you're looking at macro trends, macro trends are going to be
	80	+|79 |00:14:00,480 ~-~-> 00:14:11,670 |arrived at by looking at higher timeframe charts, and looking at asset class to indicee or dollar based correlations. In other words, if you're a stock trader,
	81	+|80 |00:14:11,670 ~-~-> 00:14:21,630 |obviously, you know, if you're, if you trade New York, or future American stocks, your benchmark would be obviously the Dow 30, the s&p 500 or the NASDAQ
	82	+|81 |00:14:21,630 ~-~-> 00:14:33,030 |100 Composite Index, okay. And by looking at those three indices as a whole, okay, and applying such things as Dow Theory, if you're looking at a marketplace
	83	+|82 |00:14:33,030 ~-~-> 00:14:40,140 |that is poised to go higher in the indices, that's pretty much good. That's a good time to be buying a stock. Well, the same thing happens by looking at the
	84	+|83 |00:14:40,140 ~-~-> 00:14:50,610 |dollar, but you have to invert it. Okay, so if the dollar is poised to rally, okay, it's important that you understand that if you start looking to buy
	85	+|84 |00:14:51,090 ~-~-> 00:15:04,230 |foreign currencies, okay? You're you're trading okay? against the undertone of adverse market environment. In other words, you're going to be trading at the
	86	+|85 |00:15:04,230 ~-~-> 00:15:13,410 |lowest probability for that move to occur because the dollar, if it's poised to go higher, what does that translate to in foreign currencies, lower foreign
	87	+|86 |00:15:13,410 ~-~-> 00:15:24,060 |currency prices. Okay. So let's look at an example. And actually have some notes on this chart as it were, because I did a live session here about a week ago.
	88	+|87 |00:15:24,510 ~-~-> 00:15:32,010 |And I made some comments about where I think the dollar was going to go and the behavior I expected. And some of you that were in the live session, obviously,
	89	+|88 |00:15:32,010 ~-~-> 00:15:41,640 |will will recognize these lines and what I was doing, but this level here, okay, this is a resistance level price was unable to break above that. And I was using
	90	+|89 |00:15:41,640 ~-~-> 00:15:47,640 |a lot of the wicks and the bodies of the candles as reference points. Okay, so I'll use the two bodies of the candles and the wicks.
	91	+|90 |00:15:49,080 ~-~-> 00:15:58,650 |Looking at this level here, we broke through it a week ago, and mid week and then came back down on the previous week's Friday. And I was noting these levels
	92	+|91 |00:15:58,650 ~-~-> 00:16:06,030 |here, this level and this level. So if we broke through and came back down, it would most likely find some support here, or find some support here. So that's
	93	+|92 |00:16:06,030 ~-~-> 00:16:18,150 |the reason why we have this little thing here I drew. So let's get this off, because it's probably confusing you. Okay, and this line here, is just represent
	94	+|93 |00:16:18,150 ~-~-> 00:16:25,950 |if these two levels give way, we would come back down to this level and expect some sort of support to come under way. Now, when price comes back down to this
	95	+|94 |00:16:25,950 ~-~-> 00:16:33,360 |level, even though it sweeps below it previous Friday, look where it closes, it closes right at that same level. And then when Sunday we had an unchanged event,
	96	+|95 |00:16:33,720 ~-~-> 00:16:41,850 |we had a little bit of movement, try to push above it again here on Monday, and then Tuesday, we had to rally. And now here it is, today, Wednesday, prices now
	97	+|96 |00:16:41,910 ~-~-> 00:16:50,640 |are the received but it did trade higher. This environment right here where price comes down to an expected level of support. Your mind should be thinking,
	98	+|97 |00:16:50,640 ~-~-> 00:17:01,920 |Okay, we're in a move that's been going higher. Okay, we broke a resistance, this may act as support. So again, what's that translate for? risk more risk
	99	+|98 |00:17:01,920 ~-~-> 00:17:12,210 |off? Well, if we think if price comes to this level here and bounces higher, okay? That's implying that we're going to expect the US dollar to rally that is
	100	+|99 |00:17:12,210 ~-~-> 00:17:24,480 |going to be what risk on or risk off, it's going to be risk off. Because when there's less risk taking to be made in the environment of speculation, the
	101	+|100 |00:17:24,480 ~-~-> 00:17:32,130 |dollar will be bought, okay, there's gonna be a flight to quality. Okay, that's what it's what I'm not gonna argue with me guys. It's this way it's called.
	102	+|101 |00:17:32,460 ~-~-> 00:17:41,430 |Okay. So he, whether you want to refer the dollar as being quality aspect over or not, it's, that's what it is. So, a flight to quality sees firmer prices in
	103	+|102 |00:17:41,430 ~-~-> 00:17:52,410 |the dollar. And that will translate to a lower move, or sell signals, if you will, in the foreign currencies. Now, again, because I trade the majors, that's
	104	+|103 |00:17:52,410 ~-~-> 00:18:04,860 |the British Pound USD, the Euro USD, once in a while, once in a while, I'll trade Canadian dollar or Aussie dollar, okay, but generally, I'll trade you
	105	+|104 |00:18:04,860 ~-~-> 00:18:16,800 |know, just the fiber, fiber and cable. But now understanding the relationship to this, when we come down to a support level like this, that means one Friday when
	106	+|105 |00:18:16,800 ~-~-> 00:18:28,170 |we trade it back down to that level from Friday, Sunday, Monday, Tuesday, okay? in that in that area, okay, what we're looking for is cell scenarios to occur in
	107	+|106 |00:18:28,170 ~-~-> 00:18:37,590 |fiber and cable. Okay. So again, to reiterate this, we're looking at the price that was above it on Thursday, the week before this recording, price comes down
	108	+|107 |00:18:37,590 ~-~-> 00:18:50,250 |on Friday trades through it, but then comes right back to encloses, okay, so as early as Friday, of last week. And the or basically August 1 of 2014 is what
	109	+|108 |00:18:50,250 ~-~-> 00:19:01,110 |we're actually gonna refer to as date. Then, Sunday's opening, and then Monday's trading. And then Tuesday's trading, and then today's Wednesday's trading, okay,
	110	+|109 |00:19:01,230 ~-~-> 00:19:15,090 |and the time of this recording is the sixth of August. And let's take a look at what that looks like in reference to the cable. We're going to zoom in and make
	111	+|110 |00:19:15,090 ~-~-> 00:19:22,830 |you really understand what's going on and how to incorporate this information. Okay, so we have this is Wednesday's trading is the daily chart of the British
	112	+|111 |00:19:22,830 ~-~-> 00:19:39,810 |Pound USD. This is Tuesday's trading, Monday's trading. Sunday's trading, Friday's trading. Okay, so in here. We have price. We draw a little line here.
	113	+|112 |00:19:42,000 ~-~-> 00:19:46,530 |Okay, right in here. This level
	114	+|113 |00:19:52,830 ~-~-> 00:20:09,570 |Good grief. Work with me here. Okay. Wednesday, Tuesday. Monday, Sunday, Friday, okay, right in here, this down, move this down move right in here correlates
	115	+|114 |00:20:09,600 ~-~-> 00:20:23,400 |with the previous week. Okay, the previous week in the dollar right here, when price came down right in here that began the hunting ground, if you will, to
	116	+|115 |00:20:23,400 ~-~-> 00:20:33,600 |start looking for sell scenarios in the cable and fiber and other currencies as well any foreign currency, okay, against the dollar. If it's front currency, for
	117	+|116 |00:20:33,600 ~-~-> 00:20:43,050 |instance, again, let's go back to the cable, look up here, get the British Pound USD, if we're expecting the USD or dollar to rally, okay, if the currency is
	118	+|117 |00:20:43,050 ~-~-> 00:20:51,150 |before the USD in the pairing, okay, like in this case, for this major, the British Pound should do what it should decline if the dollar is going to go up
	119	+|118 |00:20:51,240 ~-~-> 00:21:01,470 |to British pounds gonna drop so if the front currency, in this case as the British pound, you're going to see selling pressure if the dollar finds some
	120	+|119 |00:21:01,470 ~-~-> 00:21:09,180 |support here. Okay. Now, what we're going to do is we're going to zoom in on this day and we're going to, we're going to look at the relationship between the
	121	+|120 |00:21:09,180 ~-~-> 00:21:18,630 |two. Okay, and we're going to really judge with X ray view, is there really risk on risk off scenarios underway, okay, and now I'll explain that as we get to it.
	122	+|121 |00:21:19,620 ~-~-> 00:21:40,200 |Let's go over to a 15 minute time frame. And we'll zoom out a little bit. Little bit more net and let's take this scroll off because it's going to mess with me.
	123	+|122 |00:21:43,200 ~-~-> 00:21:52,050 |Alright, so here we have price trading lower in this take these. This is Sunday trading in here. This is previous week's Friday. And this is the new week
	124	+|123 |00:21:52,050 ~-~-> 00:22:03,780 |Monday. Okay, so we have that in reference that can take this off now. In here, this down move in here this sell signal, look what happens. You have a high, a
	125	+|124 |00:22:03,780 ~-~-> 00:22:14,880 |low and a rally up. Okay. In here, this is how we look for the patterns. When the scenarios poised to unfold with firmer dollar. We should see weaker prices
	126	+|125 |00:22:14,880 ~-~-> 00:22:25,440 |and cable. Okay, we're in this case British Pound USD. When we have that environment, what we'd start to do is we apply specifics like time of day, okay,
	127	+|126 |00:22:25,470 ~-~-> 00:22:37,200 |and here is the beginning of that day is zero GMT. This candles high right in here is eight GMT, and 858 15 GMT is actually the highest one right in here at
	128	+|127 |00:22:37,230 ~-~-> 00:22:49,530 |815 GMT. That is what I teach is the ICT London open kill zone. Okay, now kill zone is a pocket of time typically about three hours long. London's a little bit
	129	+|128 |00:22:49,530 ~-~-> 00:22:59,070 |wider because it's a lot of activity going on. It's a lot of overlay from previous day's trading from New York going into Asia, there's a lot of highs and
	130	+|129 |00:22:59,070 ~-~-> 00:23:06,960 |lows have to be retraced into maybe time maintenance blown out during Frankfurt or early London open. And that'll usually cause the daily higher low to form.
	131	+|130 |00:23:06,960 ~-~-> 00:23:16,530 |Now in this case, obviously the highs a little bit earlier in, in during asian session. But nonetheless, we have a very tradable high at the key timeframe of
	132	+|131 |00:23:16,530 ~-~-> 00:23:36,990 |the ICT London open kill zone. Now again, my charts here are GMT obviously, but seven GMT, which is equivalent to like 2am, my time in New York. And nine GMT is
	133	+|132 |00:23:36,990 ~-~-> 00:23:47,520 |like 4am my time. So between seven and nine GMT, that's typically where your higher low during London really forms, okay, so if you really break it out that
	134	+|133 |00:23:47,520 ~-~-> 00:23:55,740 |much time, over a long sample size of data, you're going to see it multiple times per week, you're going to see that the higher low for that particular day
	135	+|134 |00:23:55,920 ~-~-> 00:24:03,090 |will occur between those specific time posts, if you will. So if you've got to start to bracket out your time, on your charts, you'll be able to do that and
	136	+|135 |00:24:03,090 ~-~-> 00:24:13,590 |see very clearly when highs and lows form. Now with that understanding, Okay, with that understanding, we can start now increasing the level of accuracy by
	137	+|136 |00:24:13,590 ~-~-> 00:24:27,690 |having this insight of risk on risk off. And what I'm going to do is now to add a period separator and what I'm going to do is I'm going to add it to five GMT.
	138	+|137 |00:24:28,380 ~-~-> 00:24:38,790 |And what that's going to be is midnight to my my time, okay? And it's very, very light, I know but it's right here, this vertical line. Okay, and what I'll do is
	139	+|138 |00:24:38,790 ~-~-> 00:24:40,410 |now I'm going to zoom in a little bit more.
	140	+|139 |00:24:44,100 ~-~-> 00:24:53,610 |Right in here is midnight and New York. Now that's what I call the new day. Now obviously there's trading prior to that, okay, but I call that the asian session
	141	+|140 |00:24:53,640 ~-~-> 00:25:04,470 |or Asian range. Asia goes a little bit farther, but obviously I look at this vertical Why are delineation of of midnight New York as my beginning marker,
	142	+|141 |00:25:04,530 ~-~-> 00:25:15,420 |it's this denotes the new day to me, what you'll want to see is if you're expecting, again, the dollar was at that time trading at a support level, okay,
	143	+|142 |00:25:15,420 ~-~-> 00:25:22,920 |or what we would expect to see support. So that would be a risk off scenario dollar rally in foreign currencies going lower. What to expect, what you'll
	144	+|143 |00:25:22,920 ~-~-> 00:25:32,370 |expect to see happen is specific times of the day will translate into setups, okay? You have a key high here, okay, little, little short term swing high in
	145	+|144 |00:25:32,370 ~-~-> 00:25:42,090 |here. Watch what happens when you take your fib and the low prior to this vertical line here. You what you're going to be expecting is you want to see a
	146	+|145 |00:25:42,090 ~-~-> 00:25:53,280 |rally. Okay, you want to see a rally after midnight, New York, because that rally is the sucker play, that neophyte traders get lulled into believing that
	147	+|146 |00:25:53,280 ~-~-> 00:26:06,510 |this is a buying opportunity. Okay. And let's zoom in a little bit more just for clarity. So we have this high here, and the low prior to the move going up. Now
	148	+|147 |00:26:06,510 ~-~-> 00:26:17,370 |move up at the New York, midnight time, which is five GMT. Again, easiest way for you guys to do is set a clock of some shape or form and where you're at as a
	149	+|148 |00:26:17,370 ~-~-> 00:26:23,970 |trader, okay, put it next to your computer, put it on your computer, put it on your phone, put it somewhere and whenever you're watching my videos, or when you
	150	+|149 |00:26:23,970 ~-~-> 00:26:29,490 |start watching my live sessions, when we start doing this stuff over the shoulder, you'll it'll obviously make a whole lot more sense because you'll see
	151	+|150 |00:26:29,490 ~-~-> 00:26:36,330 |it but if you can't watch the live sessions as they're occurring, when you watch the recordings, it's not gonna make any sense to you unless you have the exact
	152	+|151 |00:26:36,330 ~-~-> 00:26:43,920 |times lined up with your charts. And if you only do one or two trading sessions in London per week, if you trade like this, that's all you need. You don't need
	153	+|152 |00:26:43,920 ~-~-> 00:26:54,570 |to do every single day. But we're understanding that we are in an environment where cable or British Pound USD should decline if the dollar is going to find
	154	+|153 |00:26:54,570 ~-~-> 00:27:07,020 |support. Okay. Now what will happen is you'll see the price rally up after midnight. Now, when will the signal occur as it starts to rally we understand
	155	+|154 |00:27:07,020 ~-~-> 00:27:14,820 |that looking at price move in the opposite direction is optimal for entry. You can see that price just fell short of the setting. retracement level right in
	156	+|155 |00:27:14,820 ~-~-> 00:27:25,290 |here didn't quite get there the high on that candle. It's just a pip below where the actual setting retracement level is. But look at the level of rejection once
	157	+|156 |00:27:25,290 ~-~-> 00:27:33,810 |it gets that level boom takes off and trades the other direction. Okay, so by having the simple approach to using the fib and using the ICT optimal trade
	158	+|157 |00:27:33,810 ~-~-> 00:27:43,320 |entry, or Oh t, which is simply just looking for a minimum of 62% retracement as much as 79% treatment and looking ideally for the sweet spot, which is
	159	+|158 |00:27:44,130 ~-~-> 00:27:56,760 |basically, you know, the midpoint between 60 to 79. Now, I do not use the classical 78.6 and 61.28 wherever I don't even know what they are okay, I don't
	160	+|159 |00:27:56,760 ~-~-> 00:28:03,420 |really care that much. Okay to know what they are, I just make it very simple for me. Okay, and some can argue that, you know, this isn't as accurate as it
	161	+|160 |00:28:03,420 ~-~-> 00:28:13,500 |should be. But, you know, whatever, whatever floats your boat. Bottom line is, it does enough for me. And it makes it easier to teach it this way. And my
	162	+|161 |00:28:13,500 ~-~-> 00:28:23,460 |children, because really, you are just beneficiaries of the resources that I'm actually sharing with my children. So when I'm talking, I'm actually talking to
	163	+|162 |00:28:23,490 ~-~-> 00:28:31,710 |my children that have them in mind. So if sometimes I come across oversimplifying things, that's the reason why because I'm talking to my
	164	+|163 |00:28:31,710 ~-~-> 00:28:32,760 |children. So
	165	+|164 |00:28:34,530 ~-~-> 00:28:42,840 |understand that I want this is easily digestible as possible for them. And if something happens to me, they'll have these resources to turn back to and
	166	+|165 |00:28:42,870 ~-~-> 00:28:52,440 |they'll have everything that I have, hopefully in my mind translated through these refugees resources and reference points. But the rallying up okay, what
	167	+|166 |00:28:52,440 ~-~-> 00:29:02,610 |makes it optimal is is there's there's a large degree for price to not go very far once this framework is established. And what I mean by that, well, if the
	168	+|167 |00:29:02,610 ~-~-> 00:29:11,310 |dollar is poised to trade higher, or we believe that the dollar will rally, okay, we want to look for ideally a soccer play or rally into you want to sell
	169	+|168 |00:29:11,310 ~-~-> 00:29:21,450 |into this rally. I know it seems scary, okay. And it will seem scary for a great number of weeks and months until you understand by desensitizing yourself over
	170	+|169 |00:29:21,450 ~-~-> 00:29:29,190 |and over and over again doing the same thing over and over again, by drills and studying expecting price to do anticipating price not trading, not demo trading,
	171	+|170 |00:29:29,220 ~-~-> 00:29:36,360 |okay? But just studying prices, okay? It should react at this level, it should do this today into the London session and then should do this going in the New
	172	+|171 |00:29:36,360 ~-~-> 00:29:44,850 |York. Having these ideas ahead of time will build your confidence and your anticipatory skills as a trader, which is essential. You cannot make money
	173	+|172 |00:29:44,850 ~-~-> 00:29:53,670 |reacting to the price. Okay, you can't do that. You have to be anticipatory in nature as a trader. That way you can I identify when there's a most likely
	174	+|173 |00:29:54,630 ~-~-> 00:30:02,370 |phenomenon to unfold, and what is that phenomenon? How does it How does it repeat itself? What does it look like before you can identify a repeating
	175	+|174 |00:30:02,370 ~-~-> 00:30:13,230 |pattern and that's what we're showing here the simple notion of looking for a rally up after midnight now why is this important? Okay, I taught a principle
	176	+|175 |00:30:13,830 ~-~-> 00:30:30,960 |which is I dubbed as the power three. And really what it is is very simple idea on days that are up so all since we're talking about a down move, let's just
	177	+|176 |00:30:30,960 ~-~-> 00:30:31,620 |work with that.
	178	+|177 |00:30:33,990 ~-~-> 00:30:44,370 |If we look at a candle, and we're gonna say this is a whole full daily range, okay? against this graphic depiction of daily range, I'm not I'm not gonna go to
	179	+|178 |00:30:44,370 ~-~-> 00:30:52,260 |a daily chart and show it to you, but you will be able to see it in in price action over here. Typically, what will happen is is price will open up trade is
	180	+|179 |00:30:52,260 ~-~-> 00:30:59,220 |very, very little bit above the opening price. Now, what's the opening price? That's going to be the question, okay, well, there's two opening prices that I
	181	+|180 |00:30:59,220 ~-~-> 00:31:08,820 |referenced it's the opening price at zero GMT and zero I'm sorry the opening price at five GMT both of those opening prices are sensitive to me as a trader,
	182	+|181 |00:31:08,820 ~-~-> 00:31:19,590 |I want to see what we do at those levels. Okay, what how we trade at above and below is important to me, if the context to my trading idea is $1 is rallying.
	183	+|182 |00:31:19,950 ~-~-> 00:31:30,060 |Okay, or poised to rally. I want to see obviously the opening price in New York, midnight time, okay. I don't like to trade during Asia, you can and it's not my
	184	+|183 |00:31:30,420 ~-~-> 00:31:38,490 |point to teach that. And here, it is my point to teach you that from five GMT, which is New York, midnight time. From that point on, if we're poised to trade
	185	+|184 |00:31:38,490 ~-~-> 00:31:48,420 |higher in the dollar, you're going to expect or anticipate higher price rallies after midnight in the foreign currencies like for instance, the cable here, the
	186	+|185 |00:31:48,420 ~-~-> 00:31:56,130 |British pounds should rally when we see that rally, we do not chase that thinking it's going to go higher. We look for this we are we are happy to see
	187	+|186 |00:31:56,130 ~-~-> 00:32:04,770 |this Okay, emotions can be permitted here because we are expecting this to unfold, and it does unfold. Okay. So that's where emotions are acceptable, we
	188	+|187 |00:32:04,770 ~-~-> 00:32:13,050 |expect this phenomenon to take place, we do not get excited about taking trades, we do not get excited about over leveraging we do not expect about anticipate
	189	+|188 |00:32:13,050 ~-~-> 00:32:20,880 |making money and getting excited about that we are looking for the phenomenon to repeat, and then growing in confidence by seeing this occur over and over again.
	190	+|189 |00:32:21,300 ~-~-> 00:32:30,720 |But back to our analysis over here. Understanding that initially, price will open up and we'll say that the lowest portion of this of this box is going to be
	191	+|190 |00:32:30,780 ~-~-> 00:32:41,040 |representing the opening price at the vertical line delineating Midnight in New York. Okay, price will open and then whatever it does above the opening, that's
	192	+|191 |00:32:41,040 ~-~-> 00:32:50,160 |what's important to us. That's where the signal takes place. The sell signal will occur above the opening price. So anything at the opening price or above
	193	+|192 |00:32:50,310 ~-~-> 00:32:59,160 |that is our selling killing ground. Okay, the killing ground is above the opening price. We want to see that initial little move up above the opening
	194	+|193 |00:32:59,160 ~-~-> 00:33:07,710 |price. Now why is that important? Mark because my mentor Larry Williams said he wishes he understood how people could sell up in that upper portion of daily
	195	+|194 |00:33:07,710 ~-~-> 00:33:15,750 |range and then capture the big move going lower. Well, if he says he couldn't do it, I took that as more or less a challenge that hey, if he can't do it, I'm
	196	+|195 |00:33:15,750 ~-~-> 00:33:26,760 |gonna see if I can. And I've spent the last 20 years trying to master if you will, that very thing and I have done very well in terms of getting very close
	197	+|196 |00:33:26,760 ~-~-> 00:33:37,080 |to deciphering it. I haven't quite figured it all out yet. But I what I figured out enough, okay is to make a really wicked living. It's crazy how much money is
	198	+|197 |00:33:37,080 ~-~-> 00:33:44,490 |available, but in here in the red portion, the box, okay, this is going to equate where the sell signal occurs and we'll talk more about that in a minute.
	199	+|198 |00:33:44,760 ~-~-> 00:33:53,550 |But your idea is you want to be selling on a down day or anticipatory selling selling scenario. Okay, you want to be getting in here and trying to find a sell
	200	+|199 |00:33:53,550 ~-~-> 00:34:04,740 |signal. Okay, and once you get in it, you want to anticipate the daily range expanding now it'll go up and down intraday, but as we make a lower low, that's
	201	+|200 |00:34:04,740 ~-~-> 00:34:13,170 |the daily low intraday, and as it retraces it'll maintains blow through that new low. And as it retraces again, it'll blow down lower low, and eventually what
	202	+|201 |00:34:13,170 ~-~-> 00:34:23,160 |will happen is, is around London close, okay, which is again, we're gonna reference New York time, from 10 o'clock in the morning to noon. Okay, New York
	203	+|202 |00:34:23,160 ~-~-> 00:34:34,320 |time, that's typically what I classify as, like the London close timeframe. So the, if we're in a down day, the low of the day will form between 10am and
	204	+|203 |00:34:34,320 ~-~-> 00:34:45,810 |11am 70% of the time, but it can go as late as noon sometimes. And unless there's a FOMC announcement or something like that. Those types of events will
	205	+|204 |00:34:45,810 ~-~-> 00:34:54,300 |cause it to go as late as 1800 GMT, or two o'clock in the afternoon, New York time. Okay, so there's your parameters in terms of time, but what you're looking
	206	+|205 |00:34:54,300 ~-~-> 00:35:03,450 |for is you want to see that largest degree of time to permit the daily rains to unfold Now let's take a look at what that looks like in on this daily range
	207	+|206 |00:35:03,450 ~-~-> 00:35:14,370 |here. Obviously, we have the optimal trade entry in here to sell signals right up here. And I'm going to bracket out with this little box here. When price
	208	+|207 |00:35:14,400 ~-~-> 00:35:15,030 |entered
	209	+|208 |00:35:16,829 ~-~-> 00:35:29,129 |the sell zone, okay? For the optimal trade entry, okay? And what I'm doing is I'm mapping out this box, this crude depiction of our daily range here in a
	210	+|209 |00:35:29,129 ~-~-> 00:35:39,809 |second to not get the colors matching like it should. Okay, right up in here. This little area here is this point right here on our idea, graphically, what a
	211	+|210 |00:35:39,809 ~-~-> 00:35:50,789 |down day looks like on a daily range, okay, this is that right there, okay, this Maroon portion, or the rains expansion or profit release portion of the down
	212	+|211 |00:35:50,789 ~-~-> 00:36:02,969 |day, where the largest lion's share of the move occurs, okay? That will occur from the entry point to happens in London open to as late as 1800 GMT and four
	213	+|212 |00:36:02,969 ~-~-> 00:36:13,169 |FOMC days, okay, or two o'clock in the afternoon, New York time, okay. Ideally, the opposite end of the range, or in this case, the low The day will form
	214	+|213 |00:36:13,169 ~-~-> 00:36:25,769 |between 10 o'clock, and 11 o'clock in the morning, New York time, which translates to 1500 GMT to 1600 GMT. Okay. But again, you gotta allow some a
	215	+|214 |00:36:25,769 ~-~-> 00:36:35,369 |little bit of fudge factor for it may monkey around till noon, but generally, I think you'll see that if you, if you put the reference points of 1500 to 1600
	216	+|215 |00:36:35,369 ~-~-> 00:36:43,139 |GMT, or basically 10 o'clock in the morning to 11 o'clock in the morning, New York time, that will be the opposite. And that a range of the daily range. In
	217	+|216 |00:36:43,139 ~-~-> 00:36:53,699 |other words, if the low, I'm sorry, if the highs made in London open, the low of the day, will form between 10 o'clock and 11 o'clock in the morning. Okay, New
	218	+|217 |00:36:53,699 ~-~-> 00:37:02,069 |York time. And that's pretty much how the daily ranges unfold. So the market makers are actually doing their work and bracketing and capping the market high
	219	+|218 |00:37:02,069 ~-~-> 00:37:10,439 |and low at those specific times of the day. And generally volume really increases in ensures the highest point here and falls off in the latter portion
	220	+|219 |00:37:10,469 ~-~-> 00:37:26,159 |of London close in that is usually what typically drives the internals behind why this does occur. So market trades down makes a low right here. This is the
	221	+|220 |00:37:26,159 ~-~-> 00:37:33,839 |low of the day, and this is an ugly, intraday price action, but still, nonetheless, it'll it'll help us as it relates to understanding what price
	222	+|221 |00:37:33,869 ~-~-> 00:37:46,049 |should do and shouldn't do. The big portion of this graphic depiction of a daily range, okay, we have the opening to dilly dally around the opening price for a
	223	+|222 |00:37:46,049 ~-~-> 00:37:56,129 |little while then rallies up, that's what we're looking for. That's the Judas swing. Okay. That's the open rally decline scenario we like to look for Okay,
	224	+|223 |00:37:56,159 ~-~-> 00:38:04,409 |all right, we're making the higher day first. Now, again, I'm not going to argue that we didn't have a higher high back here. But I'm referencing New York
	225	+|224 |00:38:04,439 ~-~-> 00:38:12,359 |midnight time as the beginning of my new trading day. Please don't get in arguments with me. That's not the trading days beginning I don't care what your
	226	+|225 |00:38:12,359 ~-~-> 00:38:20,549 |opinion is, again, Amit, it'd be rude, okay, but you're watching my videos. I'm not, I'm not subscribing to your views. I make a living doing this, and a lot of
	227	+|226 |00:38:20,549 ~-~-> 00:38:29,249 |it. So it's important that you understand that how I'm interpreting price, okay, that's, that's the whole reason why we're doing this, okay. It's not for me to
	228	+|227 |00:38:29,399 ~-~-> 00:38:39,059 |learn from anyone else. I'm, I've arrived at what I understand in markets. So I'm comfortable with that. I'm not forcing my views. I'm not forcing you to do
	229	+|228 |00:38:39,059 ~-~-> 00:38:49,469 |this only. It's just up to your interpretation of whether or not it's valid or not, okay. And I, I challenge you to, to put it to its test, you'll see, while
	230	+|229 |00:38:49,469 ~-~-> 00:38:56,519 |it's not 100%. And nothing ever is, this will give you exactly what you're looking for. And that's the reason why I open up these videos. With that
	231	+|230 |00:38:56,519 ~-~-> 00:39:07,349 |statement. I know exactly what you're looking for. It's what every trader is looking for. But no one is willing to, you know, basically withdraw from their
	232	+|231 |00:39:07,439 ~-~-> 00:39:16,139 |treasured views and ideas and their techniques and their applications of indicators. If you just put that aside for a moment, okay, and it's I know it's
	233	+|232 |00:39:16,139 ~-~-> 00:39:24,359 |difficult because you're passionate about what you already have believed you understood about the market, okay? When you remove all that stuff, okay, and I'm
	234	+|233 |00:39:24,359 ~-~-> 00:39:34,409 |being nice by saying stuff get to the core root of why price moves like it does and when it does, okay and who's doing the movement, okay, then it becomes a
	235	+|234 |00:39:34,409 ~-~-> 00:39:44,249 |suddenly you know, much easier environment to work within. Okay, so let's get back to this example here and opening up in here to the price above the movement
	236	+|235 |00:39:44,249 ~-~-> 00:39:52,499 |above the opening price at midnight. Okay, that's the classical London open ICT sell scenario. Okay, we are expecting a bounce.
	237	+|236 |00:39:54,030 ~-~-> 00:40:04,440 |Based on this level up here we broke through resistance broken later turned support. This was noted When the price ran through here, live, not this day, not
	238	+|237 |00:40:04,440 ~-~-> 00:40:14,100 |this day. Not this day, not now. Okay? This was all on the chart in a live session with witnesses that I expected this environment to unfold. Okay. So
	239	+|238 |00:40:14,100 ~-~-> 00:40:21,990 |again, understanding risk on risk off, this would be a risk off scenario if we anticipate a bounce at that level. Going back to our cable, we're looking for
	240	+|239 |00:40:21,990 ~-~-> 00:40:30,570 |sell scenarios. Okay. So now, what does that look like? Well, it's going to be a down date in a move that is going lower. If you look at daily charts, okay.
	241	+|240 |00:40:30,810 ~-~-> 00:40:47,070 |daily charts will show this. Let's pull up a virgin chart here on a cable. And we'll just do a daily with the open high, low, close. And I know this is
	242	+|241 |00:40:47,070 ~-~-> 00:40:58,500 |probably alien to most of you, you're all been indoctrinated to the world of candlesticks, but yeah, it is what it is, I guess. It's good to a daily chart.
	243	+|242 |00:41:05,220 ~-~-> 00:41:18,990 |Okay, and this is Wednesday, Tuesday, Monday, Sunday, Friday. This is that environment that I was just describing. Go here and zoom out. And we are this
	244	+|243 |00:41:18,990 ~-~-> 00:41:26,340 |opening scene, a little bit of a movement above. Okay, the reason why it's showing just very little movement above the opening is because this opening
	245	+|244 |00:41:26,340 ~-~-> 00:41:36,660 |price is referencing the opening price at zero GMT. Okay. But the the overall pattern, okay, what I was describing in my graphic depiction is this really,
	246	+|245 |00:41:36,870 ~-~-> 00:41:49,920 |okay, you see the opening, trades up? This up move occurs many, many times from the the reference point of Midnight in New York. If you look at the rally from
	247	+|246 |00:41:49,920 ~-~-> 00:41:59,190 |that point on, that's where this occurs. can it happen in Asia like it does here? Sure. Okay, but it doesn't change the fact you still can find the moves.
	248	+|247 |00:41:59,310 ~-~-> 00:42:06,840 |Okay, in the midnight timeframe, looking for that Judas swing. Now I'm gonna talk more about that Judas swing in a moment. But this is the phenomenon that we
	249	+|248 |00:42:06,870 ~-~-> 00:42:13,980 |are expected to say this open. Now this is not the day obviously. But I'm showing you what it looks like just like it is here. We see the opening the move
	250	+|249 |00:42:14,010 ~-~-> 00:42:27,900 |up. really look at what's going on here. Okay, this is daily chart. These bars represent the full daily ranges for each trading day for the cable. Look at
	251	+|250 |00:42:27,900 ~-~-> 00:42:36,390 |what's been going on for the entire time this thing's been going lower. How many days does it do this phenomenon? Watch, I gave you guys an example or study and
	252	+|251 |00:42:36,390 ~-~-> 00:42:43,320 |it came and I'm actually incorporating it in here in this description of the things that I've done over the last four years. So I'm going to answer the
	253	+|252 |00:42:43,320 ~-~-> 00:42:52,890 |drills that I gave you now. I told everyone study price in the whole month of June was on holiday and I want you to do these types of things now I'm going to
	254	+|253 |00:42:52,890 ~-~-> 00:43:01,200 |reference June in a moment but for right now let's look at look at what's going on for the cable in this pro long down move Let's count the days that we had an
	255	+|254 |00:43:01,200 ~-~-> 00:43:11,880 |open rally and in a down day close Okay, in other words, it will have an open a high and then a lower close. Okay, watch. We have one here even though we're a
	256	+|255 |00:43:11,880 ~-~-> 00:43:22,950 |little bit off the opening it still gave me an opportunity to make money on a down move intraday. Here's a second one down close. Third, Sunday, who cares
	257	+|256 |00:43:22,950 ~-~-> 00:43:35,310 |didn't do anything. Monday, open rail rally down close, open, rally went close, lower, but we had intraday range below the opening. Open, rally, down close.
	258	+|257 |00:43:35,610 ~-~-> 00:43:48,450 |Open, rally down close, open, rally down close. Sunday. unchanged. Open, rally down close, open, rally down close, open, rally down close. Open rally down
	259	+|258 |00:43:48,450 ~-~-> 00:44:01,920 |close. You see that. Now listen to me guys. Okay. I don't care who you subscribe to. I don't care which author you read the most and have the most adoration for
	260	+|259 |00:44:01,950 ~-~-> 00:44:12,990 |okay. I'm going to tell you something right now. If this information is generic, and as simple as I just explained, does not knock your socks off. You haven't
	261	+|260 |00:44:12,990 ~-~-> 00:44:23,100 |been paying attention. Everyone wants to make money. Everyone wants to find trades. Everyone wants to know what the directional premises. This just answered
	262	+|261 |00:44:23,100 ~-~-> 00:44:32,490 |all those things for you. How many trading opportunities was this just in the last month? Think about it in the last month. How many trading opportunities?
	263	+|262 |00:44:32,820 ~-~-> 00:44:43,830 |Tons? Absolute tons. If you were trading with even with the wrong bias back here, say you were trying to sell every single day in here. Okay. And say you
	264	+|263 |00:44:43,830 ~-~-> 00:44:53,340 |were you know, your absher captured down moves. Okay. The days that had an opening and rally. Okay, maybe you lost on this day. Who cares? What about this
	265	+|264 |00:44:53,340 ~-~-> 00:45:00,930 |one here? Maybe you didn't do anything there. You made something here. How about this day, you probably would have lost money. Hello, this one, you probably
	266	+|265 |00:45:00,930 ~-~-> 00:45:09,720 |would have lost money. What about this one? You made money? What about this one, you made money. So you had two losses, two wins. It shouldn't bother
	267	+|266 |00:45:09,720 ~-~-> 00:45:16,410 |you that you're going to have a losing day that you're going to be wrong, because I'm gonna tell you right now, write this down in your notes. Inner
	268	+|267 |00:45:16,410 ~-~-> 00:45:26,610 |Circle trader, Michael, Joe Huddleston promises you guaranteed you that you're losing money using this stuff that I'm teaching, you're losing money, I'm
	269	+|268 |00:45:26,610 ~-~-> 00:45:35,610 |telling you upfront, you're going to lose money. Now, if you listen to me, the losses that you incur are going to be very manageable, and they're not going to
	270	+|269 |00:45:35,610 ~-~-> 00:45:46,800 |take you out of the game. And also on that same coin, flip it over when you listen, and the trades pan out the level of money that you make, okay, or is
	271	+|270 |00:45:46,800 ~-~-> 00:45:57,510 |available, I should say, let's rephrase that. If you follow all the rules, the ideas will more than adequate, erase the losing trades and show you a net gain,
	272	+|271 |00:45:57,630 ~-~-> 00:46:05,700 |how much of a net gain is going to be dependent upon the level trader, the experience and the risk that you're willing to assume, keeping risk limited,
	273	+|272 |00:46:05,820 ~-~-> 00:46:13,950 |obviously, as a new trader, if you're just now getting into this stuff with me as in terms of my methods, okay, or even training in it all, you should be
	274	+|273 |00:46:13,950 ~-~-> 00:46:24,990 |trading about one quarter of 1% risk, even in a demo account. I know that's not sexy, but it's not now it's not about making money right now. It's about
	275	+|274 |00:46:24,990 ~-~-> 00:46:32,940 |understanding what you're doing. Think about it, say you want to be an auto mechanic. Okay, you sign up for your schooling, you want to get in and they give
	276	+|275 |00:46:32,940 ~-~-> 00:46:41,880 |you a textbook, I think a lot you go out there and take apart a monster ATI, just you know, to see if you could do it, they're not gonna let you do that.
	277	+|276 |00:46:42,060 ~-~-> 00:46:50,790 |Okay, you got to understand theory. And that's where you're at as a new trader. Some of you guys have been following me since 2010. And you still should be in
	278	+|277 |00:46:50,790 ~-~-> 00:46:57,630 |theory, because a lot of you guys rushed into trading live. Okay. And then you're sending me emails saying, really not understanding what's going on? And
	279	+|278 |00:46:57,630 ~-~-> 00:47:04,140 |but then you'll send me one or two emails over the course of three months. And I think I got it again, know what you did, what did you just happen to have the
	280	+|279 |00:47:04,140 ~-~-> 00:47:13,590 |right move that day, and but you haven't been applying the tools because there's a plethora of multiple setups that happen throughout the week. And if you just
	281	+|280 |00:47:13,590 ~-~-> 00:47:21,480 |focus on one trading pair, you'll be able to learn these concepts. And once you understand it, you can apply to every, every one of the pairs if you want to be
	282	+|281 |00:47:21,480 ~-~-> 00:47:30,390 |that crazy about it. But understanding that if we're in an environment that is most likely going to be going higher or lower over a long period of time. Now,
	283	+|282 |00:47:30,450 ~-~-> 00:47:37,770 |why am I discussing this down move here? And why is that important? Well think about it, if this was going down, what should the dollar been doing at the same
	284	+|283 |00:47:37,770 ~-~-> 00:47:50,520 |time? rallying, you see that. So that's how you get institutional sponsorship behind the trades that you're taking. If you see a risk off scenario, which
	285	+|284 |00:47:50,550 ~-~-> 00:48:02,310 |again, that is dollar rallying dollar base rally is going to see a decline in the British pound, okay, the British Pound is gonna be falling against the
	286	+|285 |00:48:02,310 ~-~-> 00:48:12,570 |dollar. What you're looking for is the opening, rally up selling to that and expect the down move to occur and have a lower close, you want to see range
	287	+|286 |00:48:12,600 ~-~-> 00:48:21,870 |expansion. Okay, range expansion is this thing here. When you have the daily range, we have the opening price here, trades up, as we see here. So really, I
	288	+|287 |00:48:21,870 ~-~-> 00:48:32,130 |guess we should be really just saying this. The opening price is right there. Okay. So this little box in here, that's represented right here. If this is the
	289	+|288 |00:48:32,130 ~-~-> 00:48:42,540 |daily range that we see on this example, like say this, right here, this is the daily range itself. Okay, graphically depicted over here, the opening, the
	290	+|289 |00:48:42,600 ~-~-> 00:48:50,940 |initial move up from the opening price, which is here, look how much opportunity you had to find sell scenarios just above the opening price, just selling it,
	291	+|290 |00:48:51,150 ~-~-> 00:49:02,730 |okay? If you're worried about being stopped out, if you're afraid that you're going to be stopped out and you're going to lose money, okay, you need to stop
	292	+|291 |00:49:02,730 ~-~-> 00:49:10,410 |that. throw that out right now. There's no I'm gonna take, I'm gonna take away every excuse in the book for you right now. Okay, are you ready? Nod your head.
	293	+|292 |00:49:10,740 ~-~-> 00:49:24,000 |I'm ready, Michael, I'm ready. Okay. What's you're gonna do is you're gonna look at an example of time and price as it relates to stop loss placement. Okay, now
	294	+|293 |00:49:24,000 ~-~-> 00:49:30,510 |assume we have this idea that we think price is going to trade up to this point here, because we already identified a range. Okay, we understand the time of
	295	+|294 |00:49:30,510 ~-~-> 00:49:39,390 |day, we understand that we're above the opening price. Okay, we want to sell in here. So where should our stop being? Well, it should be above this high. That's
	296	+|295 |00:49:39,390 ~-~-> 00:49:43,650 |what our textbooks teach us. Right? Okay, great. That's fine. But now let's talk about
	297	+|296 |00:49:46,199 ~-~-> 00:49:55,289 |why I always talk about using a standard 30 PIP stop loss. Now I know you're thinking, Wait a minute, I don't want to lose. I don't want to use a 30 PIP stop
	298	+|297 |00:49:55,289 ~-~-> 00:50:02,519 |loss. That doesn't sound like it's gonna work out. Well. You know, it's gonna be a big loss. Well, it would be if you had A lot of money in terms of your risk
	299	+|298 |00:50:02,519 ~-~-> 00:50:11,279 |exposure over 30 pips. But what I want you to look over here when I put this little thing, this little cursor here, notice there's little numbers right now
	300	+|299 |00:50:11,279 ~-~-> 00:50:29,639 |says 32 now says 2441 Okay, I'm what I'm doing is I'm putting a range of 30 See that? That's 30 pips right there. Now that rectangle is graphically depicting
	301	+|300 |00:50:29,669 ~-~-> 00:50:41,369 |where 30 pips range is, in deference to wherever I want to place it on the chart, if this is where we're entering in London open at 815 GMT, or eight, GMT,
	302	+|301 |00:50:41,639 ~-~-> 00:50:56,189 |which is basically 2am I'm sorry, 3am 3am, New York time, if you take that entry point, and we're going to use the 62% line right there. What I'm doing, I'm
	303	+|302 |00:50:56,189 ~-~-> 00:51:05,999 |taking that range of that, that 30 pips on this rectangle, I'm putting it right on that level right here at 62. And I'm adding 30 pips to it right up here,
	304	+|303 |00:51:06,029 ~-~-> 00:51:18,659 |that's where your stop loss is. As you're learning, this is what you're going to do, you're going to place your stop loss order. Right there at 169 12, your
	305	+|304 |00:51:18,659 ~-~-> 00:51:33,749 |entry price is at 168 85. No, no, it's not. I mean, get that I mean, make sure I'm saying this, right. Okay, right here, you have 160 82 and 30 pips away is
	306	+|305 |00:51:33,749 ~-~-> 00:51:45,479 |169 12. Okay, so you have this much in terms of space between where you're entering and where your stop loss is going to be. Now. What does that mean?
	307	+|306 |00:51:46,559 ~-~-> 00:51:59,939 |Well, whatever you sell here, okay, if price was to take you out, and by trading up to that level here, okay, and really, that only has to happen by trading at
	308	+|307 |00:51:59,939 ~-~-> 00:52:12,269 |160 909 would take you essentially most like in most in most platforms that will take you out for traded to that point, because you got a factor to spread. So
	309	+|308 |00:52:13,259 ~-~-> 00:52:22,889 |you're probably really in even though you're looking at 30 pips, the market maintenance will take you out to 27 so why do I use 30 pips 30 pips? I want you
	310	+|309 |00:52:22,889 ~-~-> 00:52:35,579 |to do a study. Okay, I want you to look at days that create the down moves, okay in London and makes the high. Take 30 pips and add it to the high of the highest
	311	+|310 |00:52:35,579 ~-~-> 00:52:44,699 |high during two o'clock in the morning and four o'clock in the morning, New York time. Okay, whatever the highest high was, put it on the highest high there and
	312	+|311 |00:52:44,699 ~-~-> 00:52:54,779 |add 30 pips to that. Okay, and I want you to count how many days that 30 pips gets taken out, or what would be stopped out. Okay, and why am I saying 30 pips?
	313	+|312 |00:52:55,199 ~-~-> 00:53:10,499 |Well, if we were to be very generous and say that the average daily range for our currency pair is 100 pips. Okay, if it's 100 pips, how much of 100 pips is
	314	+|313 |00:53:10,499 ~-~-> 00:53:19,919 |30 roughly a third. Okay. My, the idea behind this, okay, and it's really nothing that I can attribute to any other author because if it was, I would just
	315	+|314 |00:53:19,919 ~-~-> 00:53:29,489 |simply take you to their work and say, okay, read this and you'll understand it. If this is 30 pips, it's not okay. But let's assume for a moment that this is
	316	+|315 |00:53:29,489 ~-~-> 00:53:35,189 |the daily range of 100 pips in three stages. Let me just do this.
	317	+|316 |00:53:42,360 ~-~-> 00:53:54,780 |So if this whole larger rectangle, if you will, it represents a daily range of 100 pips, okay? If we're trying to sell it, and we sell at anywhere up in the
	318	+|317 |00:53:54,780 ~-~-> 00:54:03,840 |upper portion of the range, okay, we're trying to capture this type of event a move up from open and down and capture some profits, if we're looking to sell up
	319	+|318 |00:54:03,840 ~-~-> 00:54:15,720 |in the upper third of the range, okay? If we're already in the ideal location of a down day, what's the likelihood of it move in 30 pips from that point and then
	320	+|319 |00:54:15,720 ~-~-> 00:54:27,840 |making it lower low and a lower close, unless it's economically driven by a report or a market moving event? Okay, like FOMC or non farm payroll. Those are
	321	+|320 |00:54:27,840 ~-~-> 00:54:35,850 |the two reasons why I do not trade those days because that's when it can very easily blow through 30 pips and clean out both directions in the marketplace and
	322	+|321 |00:54:35,850 ~-~-> 00:54:43,290 |go back to the center of the ranch where the daily range and go nowhere and basically, no one makes money that day by doing that, unless you're ultra short
	323	+|322 |00:54:43,290 ~-~-> 00:54:51,690 |term scalper and you fade that move. And I don't like to do it because it's a carnival ride. So FOMC is a joke. Don't play it. Don't write, don't trade it
	324	+|323 |00:54:51,720 ~-~-> 00:54:57,930 |Don't be in front of it. And non farm payroll, there's absolutely no reason why you should be in there doing it unless you want to play in a demo account and
	325	+|324 |00:54:57,930 ~-~-> 00:55:08,400 |just you know, play in a sandbox. But what's the purpose of doing that you can do real trading, you know, 2019 more days, if you will, the rest of the month
	326	+|325 |00:55:08,430 ~-~-> 00:55:17,160 |and actually have days that are absolutely in favor of volatility that is indicative of, you know, price action that we can trade with. So again, that's
	327	+|326 |00:55:17,160 ~-~-> 00:55:28,080 |the reason why we like to use a 30 pips. Now over time, over time, you will learn to be able to trim that 30 PIP stop loss down. I'm not going to tell you
	328	+|327 |00:55:28,410 ~-~-> 00:55:38,640 |that you should get down to 10 pips, or that you should get down to 15 pips, okay, you can make a career leaving it at 30. But what do you do when you have
	329	+|328 |00:55:38,640 ~-~-> 00:55:47,610 |your entry point, and you know, where your stop loss is gonna be 30 pips away, this should be no more than one quarter of 1%. Think about what I just told you.
	330	+|329 |00:55:48,390 ~-~-> 00:56:01,320 |One quarter of 1%. If you're just now starting, that's the level of risk. Now, why am I telling you that even in a demo account, because if you lose money or
	331	+|330 |00:56:01,320 ~-~-> 00:56:15,420 |make money in a demo account, it by default it strategically plans, okay, you're thinking, to think about money. And I'm teaching you to think about the risk.
	332	+|331 |00:56:16,020 ~-~-> 00:56:29,370 |Everything that I'm sharing with you will by default, put money in your account. It will also require you to stick to a low risk, high probability scenario. This
	333	+|332 |00:56:29,370 ~-~-> 00:56:41,100 |is one of those events. They happen a couple times a week, every single week. The problem is, are you going to be there when price does what it does? Think
	334	+|333 |00:56:41,100 ~-~-> 00:56:51,000 |about, there are several opportunities in the week that really set up very favorable trading opportunities. They're not scalps, their intraday day trades.
	335	+|334 |00:56:51,390 ~-~-> 00:57:01,560 |People that have jobs can still do these types of trades. But it will require you to wake up at midnight, New York time, take a glance at where we're at, look
	336	+|335 |00:57:01,560 ~-~-> 00:57:12,960 |at whatever previous ranges, okay? And then you're going to basically use that as a, as a basis to determine where your trade setups going to be. Ideally, I
	337	+|336 |00:57:12,960 ~-~-> 00:57:26,010 |think London, if you're going to trade it, you know, you need to be awake in front of the charts, okay, but if you are really gung ho about what you're
	338	+|337 |00:57:26,010 ~-~-> 00:57:37,080 |seeing on the charts at midnight, okay, you can use the previous range here, or if you're watching price, what I like to do is I like to see an intraday high
	339	+|338 |00:57:37,110 ~-~-> 00:57:43,230 |getting taken out where like we have here, this is the high in here, if you draw out a little line, let's do that.
	340	+|339 |00:57:49,289 ~-~-> 00:57:58,679 |Craig, I dragged around one, that still elbow, it'll work. This is the high, okay, and anything above it would be a turtle suit, or stop raid, okay. And by
	341	+|340 |00:57:58,679 ~-~-> 00:58:05,579 |having that idea, that would be another pattern you can use if you're not an optimal trade entry fan. Okay. The other pattern I like to use a lot is the
	342	+|341 |00:58:05,579 ~-~-> 00:58:13,799 |turtle suit, which is a false breakout. Okay. And many times, that's really classic London open set setups. It's just one of these previous intraday highs.
	343	+|342 |00:58:14,189 ~-~-> 00:58:22,559 |And there it is, you know, that's what you sell into. But without having the context of understanding that you're in an environment that you're expecting
	344	+|343 |00:58:22,589 ~-~-> 00:58:31,769 |down moves on a macro level, okay, you're not going to understand how to zero in on these very, very, very small little time frames and segments of the daily
	345	+|344 |00:58:31,769 ~-~-> 00:58:45,209 |range to ferret out these opportunities. We already told you what time of day these things occur. I'm going to give you let's see, what what can I show you
	346	+|345 |00:58:45,209 ~-~-> 00:58:47,999 |here? What was I going to do here? Let's do this.
	347	+|346 |00:58:53,400 ~-~-> 00:59:10,140 |Okay, yeah. Let's zoom in. And it's good to that same day. And where are we at? Last night. off my spotter you guys.
	348	+|347 |00:59:24,150 ~-~-> 00:59:24,930 |August 1.
	349	+|348 |00:59:33,000 ~-~-> 00:59:42,330 |Okay, August 1. Okay, so we talked about the London open kill zone. And this indicator, which I'll be sharing with you guys. I'll send you a link through
	350	+|349 |00:59:42,330 ~-~-> 00:59:54,360 |Twitter, where you actually go and download these from my website at the inner circle trader calm. The blue line in here. This is viewed as bracketing out if
	351	+|350 |00:59:54,360 ~-~-> 01:00:05,130 |you will. And I like this form I used to be. I used to draw it on my charts you then All the time doing it in my videos, but I liked the idea of having it very
	352	+|351 |01:00:05,130 ~-~-> 01:00:13,320 |clean at the bottom because I understand the window of opportunity. And I really want you guys to think that way and keep your charts clean at the beginning of
	353	+|352 |01:00:13,530 ~-~-> 01:00:23,430 |that line, which is right here. Okay, and the end of the line. And again, we're talking about this little blue little section of time, this whole pocket of time
	354	+|353 |01:00:23,430 ~-~-> 01:00:41,100 |of day is the ICT London open kill zone. Okay. It can extend to 10 GMT, which is basically 5am New York time, and it can start as early as 1am New York time or
	355	+|354 |01:00:41,100 ~-~-> 01:00:52,140 |six GMT, okay. But by far and large between seven GMT and nine GMT, or two o'clock and four o'clock in the morning, that's usually when the higher load day
	356	+|355 |01:00:52,140 ~-~-> 01:01:02,130 |forms. Now, what does that mean? Well, if we have already IRA arrived at the idea that the dollar during this time has been in our an already established up
	357	+|356 |01:01:02,130 ~-~-> 01:01:12,090 |move, and we come down to a level we're anticipating support, we expect a bounce in the dollar, even if it's short lived. It gives us a prognostication of future
	358	+|357 |01:01:12,090 ~-~-> 01:01:22,500 |price action in the cable. And you see that happening here with lower prices. Okay, extending lower going back to our intraday This is that, that move up?
	359	+|358 |01:01:22,860 ~-~-> 01:01:32,790 |Okay, that occurred. But look, it's happening this this blue area here, it just helps us identify when of when these moves are going to occur. So we understand
	360	+|359 |01:01:32,790 ~-~-> 01:01:46,380 |time of day, we understand the rains expansion theory that the daily range will move down, and the daily bar will become larger throughout the day. But the
	361	+|360 |01:01:46,380 ~-~-> 01:01:59,700 |beginning of the move on a down day occurs at London open at a pre determined measurable move with retracements. At the beginning of a time of day session,
	362	+|361 |01:01:59,880 ~-~-> 01:02:09,510 |this is the ICT kill zone. unique to me between two o'clock and four o'clock in the morning. That's going to be your time window where the setups occur. So what
	363	+|362 |01:02:09,510 ~-~-> 01:02:19,140 |am I teaching you here? I'm telling you how to find the news. I'm telling you how to pick the direction of the day. I'm telling you how to anticipate the
	364	+|363 |01:02:19,140 ~-~-> 01:02:30,930 |setups to occur. Both my patterns that I trade are always overlapping. Okay. The optimal trade entry which is retracement driven, right here. turtle soup. That's
	365	+|364 |01:02:30,960 ~-~-> 01:02:40,950 |short term high rally through. It's a false breakout. Boom. That's what you want to sell into. Okay, when during the London open session, how long you hold it
	366	+|365 |01:02:41,250 ~-~-> 01:02:52,260 |until London close. Later in the day, you want to see range expansion going lower, it really expands and drops off precipitously here. I've told you how to
	367	+|366 |01:02:52,260 ~-~-> 01:03:01,050 |place your stop loss use a 30. Pip stop loss. Why? Because the chances of it opening at New York's midnight timeframe. Okay, or even the beginning of the new
	368	+|367 |01:03:01,050 ~-~-> 01:03:11,700 |day over here and moving 30 pips up and then moving down. Doesn't happen. It can happen sure can. But it's so unlikely, okay, there's no reason for you to be
	369	+|368 |01:03:11,700 ~-~-> 01:03:21,480 |afraid to trade none. If you're afraid, it's because you're trading too much money. And you know, if you really ask yourself, honestly, if you lost on that
	370	+|369 |01:03:21,480 ~-~-> 01:03:31,020 |trade, would it hurt you? Yes, it would hurt you. Because you've got too much leverage on it. If you start off with very, very, very ultra low risk point,
	371	+|370 |01:03:31,200 ~-~-> 01:03:41,790 |two, five of 1%. Okay, in other words, one quarter of 1% you're not worrying about money when it's like that. Okay? Because it's so minute, it isn't going to
	372	+|371 |01:03:41,790 ~-~-> 01:03:48,390 |hurt you. It's not you could take 100 losses in a row with that and you're not out of the game. Okay? You're not even you're Newton, you're nowhere near her.
	373	+|372 |01:03:48,450 ~-~-> 01:04:00,300 |Okay, you could still come back from that. Absolutely. Okay. So, think about I'm telling you to trade in a demo account setting for six months, six months. Why?
	374	+|373 |01:04:00,510 ~-~-> 01:04:07,500 |Because it's gonna take you that long to really trust what it is that you should be doing. Now, if you're in a fast track view of things you got to have do it
	375	+|374 |01:04:07,500 ~-~-> 01:04:16,350 |because you got to get to your job and you got to, you got to make life changes that have to happen shorter than that. Do not send me emails, saying that your
	376	+|375 |01:04:16,350 ~-~-> 01:04:24,390 |stuff doesn't work because I couldn't quit my job in six weeks. Okay? I'm telling you, it ain't gonna work like that. Okay, I'm telling you, if you do not
	377	+|376 |01:04:24,390 ~-~-> 01:04:30,510 |invest six months of your time, your hard earned free time
	378	+|377 |01:04:31,860 ~-~-> 01:04:45,000 |to doing this stuff. You don't watch my material. Find something else. Because I'm telling you, my work requires just that work. And I've condensed two decades
	379	+|378 |01:04:45,000 ~-~-> 01:04:55,590 |worth of in insights and experience down to what I think and I mean this wholeheartedly. There isn't anything out there better than what I'm sharing. Not
	380	+|379 |01:04:55,590 ~-~-> 01:05:06,360 |one thing. Not one mentor, not a collaboration of mentors. And I mean that with every sincere fiber of my being. And it's not to be braggadocious or arrogant,
	381	+|380 |01:05:06,390 ~-~-> 01:05:13,350 |you can call me that. But I'm telling you on the best thing going today, and the materials I'm giving you cost you nothing but the time sitting in front of the
	382	+|381 |01:05:13,350 ~-~-> 01:05:20,520 |computer. Now, granted, it may be a whole lot of time between the videos. But I've already promised you that in the beginning did not, it's going to take a
	383	+|382 |01:05:20,520 ~-~-> 01:05:28,680 |lot of patience. And it's going to be expensive in reference to time. Because I have to force you to do this over a long period of time. Otherwise, you're not
	384	+|383 |01:05:28,680 ~-~-> 01:05:36,480 |going to glean what it is that you need to glean. Because you don't know what you need to know. You don't have any idea what it is that you need to know. But
	385	+|384 |01:05:36,480 ~-~-> 01:05:43,740 |it's gonna be me taking you to the chart, looking at specific things over and over and over again, then you'll start saying, Well, yeah, now I see it. Of
	386	+|385 |01:05:43,740 ~-~-> 01:05:50,820 |course you did. Because you've been doing it. And you've been desensitized to the fear aspect of trading, losing money and being wrong, because that's really
	387	+|386 |01:05:50,820 ~-~-> 01:06:02,310 |all it is. That's it think about what are you afraid of being wrong? or losing money, both goes hand in hand, okay. But those are the two primary fears. That's
	388	+|387 |01:06:02,310 ~-~-> 01:06:10,200 |it. We can accept missing moves, we're not really afraid of missing moves. Okay. We're disappointed if we miss a move, okay. But we're fearful of losing money
	389	+|388 |01:06:10,200 ~-~-> 01:06:18,030 |and being wrong. There are two primary pillars of fear as it relates to speculation. There's other pillars, obviously, ego, and that's the folks that
	390	+|389 |01:06:18,090 ~-~-> 01:06:26,040 |spend a lot of times in forums and they share their insights with other people think that they're smart, and try to be better than the next guy. Okay? Don't be
	391	+|390 |01:06:26,040 ~-~-> 01:06:31,680 |informed if you're a developing trader, unless you're in you're just reading from someone that has a lot more experience than you. Okay, and you're giving
	392	+|391 |01:06:31,680 ~-~-> 01:06:41,550 |worthwhile investment advice. Okay, that obviously, then, yeah, read forums, okay. But you should not be in there trying to teach other people when you don't
	393	+|392 |01:06:41,550 ~-~-> 01:06:49,050 |know what you're doing, either. If you're developing, don't try to teach it, anybody, because you're really doing a lot more harm than you're helping. And
	394	+|393 |01:06:49,260 ~-~-> 01:06:59,580 |I'm encouraged by seeing individuals try to do that. But if you aren't, if you're not making a living at this, don't teach it. Okay? Because you're still
	395	+|394 |01:06:59,580 ~-~-> 01:07:07,710 |developing, and there's gonna be a whole lot of lessons. And my greatest learning happened in the last eight years of my career. Now put that in
	396	+|395 |01:07:07,740 ~-~-> 01:07:16,230 |perspective, you guys want to start trading and quit your job in four weeks, okay. And I've been doing this for two decades. And my best understanding and
	397	+|396 |01:07:16,230 ~-~-> 01:07:18,750 |learning happened in the latter part of my career.
	398	+|397 |01:07:20,219 ~-~-> 01:07:30,899 |Think about that. I wish I knew now, when I first started, I wish I knew this stuff. I wish I knew this, because it would have been a whole lot more different
	399	+|398 |01:07:30,899 ~-~-> 01:07:41,279 |in terms of my development and the pain I did, and, you know, basically go through, and it was self inflicted. And I'm hoping you guys learn from that. And
	400	+|399 |01:07:41,279 ~-~-> 01:07:51,809 |I keep bringing it up. Because I want you understand that I'm a real person that went through real problems with this stuff. Real medical problems, me It hurt me
	401	+|400 |01:07:51,809 ~-~-> 01:08:00,809 |physically, to the point where I still can't eat comfortably. My have a difficulty swallowing foods, it will work you if you let it it'll make you think
	402	+|401 |01:08:00,809 ~-~-> 01:08:08,039 |you're bigger than you really are. It'll make you think you're smarter than you really are. And it also make you feel much less of a person than you really are.
	403	+|402 |01:08:08,609 ~-~-> 01:08:17,279 |There's a lot of influence that we allow these marketplaces to have over us as a human being. But it's all manageable. It's all controllable, you have control
	404	+|403 |01:08:17,279 ~-~-> 01:08:27,749 |over it. There's nothing forcing you to put that trade on with 5% risk. There's nothing forcing you to sit there and say, I'll pass on that trade, except for
	405	+|404 |01:08:27,749 ~-~-> 01:08:37,619 |common sense. You're in the driver's seat. I don't want credit for your winning trades. And I certainly don't want credit for your losing trades. This whole
	406	+|405 |01:08:37,619 ~-~-> 01:08:46,949 |thing is about what you do at the end of this development. That's what I'm interested in. I want to see what you do with this information. Once you become
	407	+|406 |01:08:46,949 ~-~-> 01:08:54,809 |successful with it. How are you going to help other people with it, because that's really, that's what I'm doing. I'm helping you for free. I'm not, I'm not
	408	+|407 |01:08:54,809 ~-~-> 01:09:02,099 |asking for anything except for share your store with me. I want to know what you're doing with it. I'm not going to have some upsell later on 20 $500
	409	+|408 |01:09:02,099 ~-~-> 01:09:09,419 |workshops come out here and I'm going to be I'm gonna help you help you even further I've taken that money and and put in some hooky software program
	410	+|409 |01:09:09,419 ~-~-> 01:09:16,259 |together to help you find trade patterns. Okay? You don't need all that stuff. You don't need any of that. Okay? If you're looking for software programs to
	411	+|410 |01:09:16,259 ~-~-> 01:09:28,109 |find trades for you, you're lazy. You're friggin lazy, and lazy doesn't pay. Get that in your notes, okay? doesn't pay. I tried that. Okay, and a lot of other
	412	+|411 |01:09:28,109 ~-~-> 01:09:36,599 |people tried it too, and it never pans out. You understand how markets operate. Like we're sharing right here, you'll find trades immediately, you know, when
	413	+|412 |01:09:36,599 ~-~-> 01:09:45,809 |they're gonna happen. I don't need a software program to show me when a pattern is on the chart. I know timewise daily, the day of the week is gonna occur. I
	414	+|413 |01:09:45,809 ~-~-> 01:09:53,339 |know what time is going to occur. I know how the pattern is going to unfold. I know where it's most likely going to go directionally. Tell me that software
	415	+|414 |01:09:53,339 ~-~-> 01:09:59,429 |program is going to do that in advance. I could tell you the days of the weeks and months in advance when those patterns are going to happen, because they're
	416	+|415 |01:09:59,429 ~-~-> 01:10:09,719 |that genetic. Eric, I'm sorry, but everything else is playing catch up ball to what you're learning. This is how the markets operate. I'm not trying to sell
	417	+|416 |01:10:09,719 ~-~-> 01:10:19,379 |you the idea. I'm telling you challenge me on it, go through the processes that I'm sharing with you right now. And you tell me that it doesn't work like this,
	418	+|417 |01:10:19,409 ~-~-> 01:10:30,389 |you tell me, you show me that it doesn't work. I've already put it out there, I will give you $10,000 of US currency, cash, to a PayPal account to whatever you
	419	+|418 |01:10:30,389 ~-~-> 01:10:39,719 |want to do. Okay, how to receive it. You show me how this does not consistently work. And you can't be consistently profitable. Okay, by doing what I'm showing
	420	+|419 |01:10:39,719 ~-~-> 01:10:49,409 |you, I'm guarantee you, it's impossible for you to not be successful with this. Think about what I just said. That's a very, very heavy statement I just laid
	421	+|420 |01:10:49,409 ~-~-> 01:10:57,809 |out there. But I mean, everything I'm telling you, if you do everything, I'm showing you to do development exercises, doing the process of looking
	422	+|421 |01:10:57,809 ~-~-> 01:11:04,949 |everything, breaking the market down like we're showing right here, having a risk on risk off scenario, trading with institutional sponsors behind the ideas
	423	+|422 |01:11:05,039 ~-~-> 01:11:16,589 |of your trade. Do you have the framework that's cognisant okay? Or that times that is representative of what the market should be doing moving higher or
	424	+|423 |01:11:16,589 ~-~-> 01:11:25,289 |lower? If a bear markets on their way? What is your daily charts look like? Down days? Right? How that is down, they start typically with an up move intraday,
	425	+|424 |01:11:25,319 ~-~-> 01:11:34,259 |that's usually cutting many traders by surprise, wait a minute, I bought that I'm here I am buying a high the day, guess what? I did that. You're probably
	426	+|425 |01:11:34,259 ~-~-> 01:11:43,619 |doing it now. There's an answer to it. And it's by taking yourself out of the textbooks out of the the guys that want to sell you things and teach you how to
	427	+|426 |01:11:43,619 ~-~-> 01:11:53,339 |be the greatest trader in the world. Okay, let me tell you something. If they're selling you that stuff, they need the money. If they need the money, they need
	428	+|427 |01:11:53,339 ~-~-> 01:11:54,209 |that good of a trader.
	429	+|428 |01:11:54,690 ~-~-> 01:12:03,420 |And it's just that simple. I don't need your money. I don't need your thank yous, I don't need any of that stuff. I covered it, because I enjoy reading the
	430	+|429 |01:12:03,420 ~-~-> 01:12:13,620 |success stories. Market wizards, Volume One and two favorite books, because I was inspired by them. Not all of them. But several individuals in there. I was
	431	+|430 |01:12:13,620 ~-~-> 01:12:23,790 |inspired by I liked their story. I want more that swagger is not putting any more books out there. They are engaging to me. So I want to create nor Okay, I
	432	+|431 |01:12:23,790 ~-~-> 01:12:31,440 |want to create more stories. And I like sharing my story with you guys. And it may be a broken record to some of you. Okay, but I want to see more of that. And
	433	+|432 |01:12:31,440 ~-~-> 01:12:40,980 |it's going to come through you doing these very things. Okay. So I know I'm on a soapbox and I went down another rabbit trail. But yeah, that's all part of the
	434	+|433 |01:12:40,980 ~-~-> 01:12:47,340 |price of being in these videos, guys, you knew that in advance, it's going to be rabbit trails. And there's going to be things that you have to listen to and
	435	+|434 |01:12:47,340 ~-~-> 01:12:56,910 |rants and to suck it up. So now using this example, we understand that we're in an area or an environment, if you will, that price should be saying weaker
	436	+|435 |01:12:56,910 ~-~-> 01:13:03,870 |prices on the cable, while the dollar should be poised to trade higher. Now obviously, in hindsight, we can see that as a fact. Okay, but also, I'm taking
	437	+|436 |01:13:03,870 ~-~-> 01:13:12,300 |it back to the previous week when I have witnesses. Okay, we're in a live session where I was mapping out all these things and possible scenarios.
	438	+|437 |01:13:14,280 ~-~-> 01:13:21,300 |Obviously, I shouldn't have to be teaching you support, you know, if price comes down to support, where should price Do you know, go in terms of direction, if
	439	+|438 |01:13:21,300 ~-~-> 01:13:28,050 |it's going to be support, it's going to go up? Okay. So if that's going to happen in the dollar, we're gonna see weaker prices in the foreign currency
	440	+|439 |01:13:28,050 ~-~-> 01:13:35,340 |markets. And simply because I like to follow the cable and fiber, obviously, you're gonna see that translated in lower prices between the two asset classes.
	441	+|440 |01:13:35,340 ~-~-> 01:13:45,750 |Now, we identify the selling scenario during London, we'd like to see that setup. And once we're assuming that we're in the position, how long do we hold
	442	+|441 |01:13:45,750 ~-~-> 01:13:54,360 |it? Well, there's several different things we'd like to do. We'd like to look at range projections, which is using Fibonacci and swing projections. And we'd like
	443	+|442 |01:13:54,360 ~-~-> 01:14:04,680 |to use average daily range, which is a tool, that's an indicator I'll share with you, I can't pull up the average daily range here on this day, and, but if you
	444	+|443 |01:14:04,680 ~-~-> 01:14:13,560 |look at things like average true range, it'll kind of give you like the five, the average range of the last five days. And whatever that range is, you just
	445	+|444 |01:14:13,590 ~-~-> 01:14:22,200 |add it, I'm sorry, you subtract it from the low, I'm sorry, good grief, I'm really messing this up. The average daily range or average true range of five
	446	+|445 |01:14:22,200 ~-~-> 01:14:31,650 |days, okay. And if you do that, just take that range and subtract it from the highest high of the day, and it'll give you approximately where the law should
	447	+|446 |01:14:31,650 ~-~-> 01:14:44,370 |form. Now, I can tell you this, the tool that I use is not average true range, it is a indicator that I've adopted, okay, I, I wish I could remember where I
	448	+|447 |01:14:44,370 ~-~-> 01:14:53,130 |got it from, because I'd love to be able to give credit to where I did, but I just don't know. And if you guys know where you've seen it before, you know, cuz
	449	+|448 |01:14:53,130 ~-~-> 01:15:04,050 |I grabbed it off of a forum somewhere. But long and short of it is that tool to me is really good. It's useful. It's one click away, just taking your empty for
	450	+|449 |01:15:04,050 ~-~-> 01:15:12,270 |clicking it. And it's the ICT average daily range indicator. And I didn't create the tool, I didn't program it, okay, but I did adopt it as my tool for using
	451	+|450 |01:15:12,270 ~-~-> 01:15:24,690 |average daily range. I do look at average daily range on a four week basis, I look at weekly, average, not average with a weekly average range, I use a
	452	+|451 |01:15:24,690 ~-~-> 01:15:33,780 |monthly average range, and I use a five day average. And there's an indicator that I've seen out there that shows all three of those that you can have up in
	453	+|452 |01:15:33,780 ~-~-> 01:15:40,950 |the upper left hand corner of your mt four platform, man, as soon as I find out where I can get it, I will obviously start incorporating it in my videos and
	454	+|453 |01:15:41,040 ~-~-> 01:15:49,680 |obviously share it with you. But if you do know what I'm talking about, and have it working, take me to that source, right and get it i would love that and I'd
	455	+|454 |01:15:49,680 ~-~-> 01:16:03,330 |be very appreciative of it. But as it relates to slings, if you're looking at being a seller, obviously here. How long do we hold the trade? Well, time wise.
	456	+|455 |01:16:05,940 ~-~-> 01:16:15,360 |timelines, we already mentioned that we're looking for 10am in New York. Now that is representative of the beginning of this red line. Okay, now this green
	457	+|456 |01:16:15,360 ~-~-> 01:16:26,220 |line here is New York session. This is London, close, London, close the beginning is 10am. At least that's how I view it. So if we looked at that, I
	458	+|457 |01:16:26,220 ~-~-> 01:16:26,940 |shouldn't do that.
	459	+|458 |01:16:35,460 ~-~-> 01:16:36,390 |Let's get this off.
	460	+|459 |01:16:44,490 ~-~-> 01:16:49,230 |I have a mouse sitting right here next to me, and I'm still using my touchpad. Good grief.
	461	+|460 |01:16:56,130 ~-~-> 01:17:11,130 |Okay, this is the beginning of the London closed session. So our idea is between this vertical line is for timewise. Now, this is a general theory, it's very
	462	+|461 |01:17:11,130 ~-~-> 01:17:19,530 |generic. And I want you to test it, okay. And much like you see here, it doesn't give you the actual low of the day. Okay, but I'm gonna give you a scenario
	463	+|462 |01:17:19,530 ~-~-> 01:17:29,250 |where you look for it using the new york session, okay. But you have to two times of the day, where you're looking for the opposite and extreme of the day,
	464	+|463 |01:17:29,280 ~-~-> 01:17:39,480 |no, we're looking at a down day as it relates to this particular vertical, not vertical. But this down move here is all from this line here to this line here.
	465	+|464 |01:17:39,570 ~-~-> 01:17:50,160 |In terms of time, this is all one day, we have this area here is where we'd like to see the low form on down dates. This is where we anticipated, but the low
	466	+|465 |01:17:50,160 ~-~-> 01:18:00,690 |conformed during the New York session, the New York session, okay, can either cap the daily range, in other words, make the opposite. And that was formed. In
	467	+|466 |01:18:00,690 ~-~-> 01:18:11,280 |this case, it's a down day because we have a high up in here in London, the lowest formed here in New York, and starts to rally up. This in here is a
	468	+|467 |01:18:11,280 ~-~-> 01:18:22,380 |reversal market profile. market comes down makes a low of the day in New York session and trades now later on, it does trade sideways going into the new day.
	469	+|468 |01:18:22,740 ~-~-> 01:18:34,080 |But we do have the London close timeframe. If you were to take profits from here, entering up here and closing a trade out here, would you be upset about
	470	+|469 |01:18:34,080 ~-~-> 01:18:44,430 |that? You didn't capture the very, very low low. Okay, you're out here. If you're waiting for perfect scenarios all the time, and you're just going to hold
	471	+|470 |01:18:44,430 ~-~-> 01:18:52,380 |to London close because ICT said London close timeframe is 10 and 11am. And I'm not going to be out before then. Okay, you're going to miss some opportunities
	472	+|471 |01:18:52,380 ~-~-> 01:19:00,930 |like this where you get out at a better price. So how do we answer that equation? Time and price time and price so we have to incorporate a couple other
	473	+|472 |01:19:00,930 ~-~-> 01:19:12,690 |things prior to this move down this little spike up in drops. Okay, this Judas swing up we have this primary swing here. They may not be primary too many of
	474	+|473 |01:19:12,690 ~-~-> 01:19:24,750 |you, but to me, this is how I look at market structure. We have a low and the highest high in here. Okay, is what we look for. Well, let's look at this. Right
	475	+|474 |01:19:24,750 ~-~-> 01:19:39,000 |here. Okay, see this they're pretty much equal. So we're gonna use a fib right? Take the low up to the high. That's we're dropping. Okay. See that? When we have
	476	+|475 |01:19:39,000 ~-~-> 01:19:52,650 |that when we're looking for lower prices, we expect this swing to be measurable move. Once this low is taken out, which it is here, we look for 127 162 and 200
	477	+|476 |01:19:52,710 ~-~-> 01:20:02,670 |extensions. Do you want an extension is basically a multiple, a doubling if you will, the range from the low To the high, once the lows taken out, it'll move
	478	+|477 |01:20:02,670 ~-~-> 01:20:15,090 |that much range equivalent from the low down. And that's what you get 200% here, okay? The 162 extension is in here. And a 127 extension is here, at any one of
	479	+|478 |01:20:15,090 ~-~-> 01:20:29,670 |these three price levels, okay? If price gets to it inside of New York or London, that's when you take profits. We were trading at the beginning of New
	480	+|479 |01:20:29,670 ~-~-> 01:20:36,450 |York right here. So we were inside New York, and we traded it to 200 deaths, when you take your profits, you can leave a little bit on expecting lower
	481	+|480 |01:20:36,450 ~-~-> 01:20:46,470 |prices, okay, and maybe reach for the Monday close timeframe, then. But as it relates to perfection, you're not going to expect perfection, you want to take
	482	+|481 |01:20:46,470 ~-~-> 01:20:52,140 |some profits out there. In fact, you want to take some out, when we get below this low as well, you want to take a little bit off something you want to take
	483	+|482 |01:20:52,140 ~-~-> 01:21:05,640 |something off, okay? And if you can manage it, where over time, if you start building your understanding of trading, and you start working out to 2% risk per
	484	+|483 |01:21:05,640 ~-~-> 01:21:14,760 |trade if you do that, if you take off a half a percent, a half of 1% Okay, leaving one and a half percent on the trade for the rest of the day, that will
	485	+|484 |01:21:14,760 ~-~-> 01:21:27,270 |give you a huge head start in terms of satisfying the many times insatiable desire to you be right. Okay, that that hunger to be right. is many times
	486	+|485 |01:21:27,930 ~-~-> 01:21:37,080 |alleviated. Okay, if you take a little bit off and you show a positive gain out of the trade, that way, even if it does come back and stops you out, you had
	487	+|486 |01:21:37,080 ~-~-> 01:21:47,220 |something that you took out of the marketplace, okay? You can't be right all the time. And these tools will not 100% give you that level of accuracy, but it will
	488	+|487 |01:21:47,220 ~-~-> 01:21:49,530 |give you insane accuracy that nothing else delivers.
	489	+|488 |01:21:51,300 ~-~-> 01:22:00,270 |Going over to the fiber. Okay, we're gonna look at something as it relates to the same phenomenon. Okay. much in the same vein, we seen bullish prices in the
	490	+|489 |01:22:00,270 ~-~-> 01:22:12,060 |dollar, which would be translated in lower prices in the fiber. Okay, let's zoom in. And we're gonna look at that same day. Okay. Here's Wednesday, today,
	491	+|490 |01:22:12,090 ~-~-> 01:22:25,080 |Tuesday, Monday, Sunday Friday. Take a look at what's going on here. See how price is rallying on that day? See that. This shouldn't be occurring. Think
	492	+|491 |01:22:25,080 ~-~-> 01:22:36,660 |about it. If the dollar is poised to rally What the heck is the fiber doing rally? That is going to be a short term sell scenario. Okay. Now contrast that
	493	+|492 |01:22:37,170 ~-~-> 01:22:51,930 |with what we see here in the cable. Just go back to candlesticks. Okay, here's Wednesday, Tuesday, Monday, Sunday, Friday, Friday's a down move on to fiber
	494	+|493 |01:22:52,500 ~-~-> 01:23:04,830 |Fridays and up move. That don't make any sense, does it? Well, what you're looking at is this is actually a short term trade, okay, versus a day trade. You
	495	+|494 |01:23:04,830 ~-~-> 01:23:15,000 |have a move, it's moving counter to the directional premise that's established by the dollar, okay. In other words, fires rallying in a risk off scenario,
	496	+|495 |01:23:15,120 ~-~-> 01:23:23,850 |nother words, they're setting up a scenario that's going to be a little bit more of a move going lower. Okay. And also, this is actually the weaker of the two
	497	+|496 |01:23:23,850 ~-~-> 01:23:34,260 |pairs between the fiber and cable. If you look at what's going on, cable, let me zoom out a little bit here. Cable was making this higher high back here, while
	498	+|497 |01:23:34,260 ~-~-> 01:23:48,000 |the same time in June, July last the last day of June, going into the first week or two of July, we made higher highs in cable. We did not see that in the fiber.
	499	+|498 |01:23:49,560 ~-~-> 01:23:58,140 |Okay, we were seeing lower prices. In fact, it's been really soft compared to the cable. So the weaker sister between the two. And in relationship to the
	500	+|499 |01:23:59,010 ~-~-> 01:24:09,150 |cable and Euro USD more fiber. Fiber was obviously the weaker of the two. But we have this momentary break in that correlation. And it says a rally underway.
	501	+|500 |01:24:09,390 ~-~-> 01:24:18,690 |What's going on here is it's coming back to take out stops. Okay, one of the things I talked about many times is the best moves occur rate after a
	502	+|501 |01:24:18,960 ~-~-> 01:24:33,960 |predetermined level of stops gets taken out. And that looks like this. Okay, you see these highs here, almost equal. If you look at what we have, and I'll show
	503	+|502 |01:24:33,960 ~-~-> 01:24:44,970 |you this is it's really uncanny how this happens almost all the time. Equal low, equal highs rather. Okay, so this price point, if you add 10 pips to that,
	504	+|503 |01:24:45,540 ~-~-> 01:24:54,180 |that's about where all the stop losses are going to be for everyone that's short. Fiber comes up, goes just above that level, and I'm going to extend this
	505	+|504 |01:24:54,180 ~-~-> 01:24:54,990 |line so you can see it
	506	+|505 |01:25:00,000 ~-~-> 01:25:09,150 |Sorry, I'm ocds flare and I got to make sure this level is lined up. Otherwise, it'll drive me crazy. Price rallies up through it takes out this, this level of
	507	+|506 |01:25:09,270 ~-~-> 01:25:25,980 |stops. Now I'm going to zoom in on this particular day here on the first of August, and we're gonna get down to a 15 minute timeframe. Okay, and here's that
	508	+|507 |01:25:25,980 ~-~-> 01:25:33,690 |rally up above a clean level, this is what we call clean to clean. stops are gonna be resting just above that. Now watch. I've already told you what you're
	509	+|508 |01:25:33,690 ~-~-> 01:25:42,480 |looking for. You're looking for a range of 10 pets. So you want to put our rectangle right on that level of the highs. Okay, and we're going to look for a
	510	+|509 |01:25:42,480 ~-~-> 01:25:55,290 |range of 10 Seattle nine. See as 10 it says five here 10 drop it right there. That's as far as we'd like to see price rally up through and reject if it does
	511	+|510 |01:25:55,290 ~-~-> 01:26:04,470 |that. What we've just witnessed was a raid on stops is bad boys going lower. Now notice also how I have the chart set up? Doesn't this look like a bull flag?
	512	+|511 |01:26:05,280 ~-~-> 01:26:14,940 |Look at it. Doesn't this look like a perfect little bull flag? So all the classic chart patterns tell teach us that we should be buying this thing, okay?
	513	+|512 |01:26:15,000 ~-~-> 01:26:27,480 |And we're going to expect to see a move. Okay, here's the flagpole. Here's the high, it's going to rally up from this level here. So we're going to expect to
	514	+|513 |01:26:27,480 ~-~-> 01:26:42,090 |see price classically trade to about the 134 80 level. That's what the textbooks teach us. Well, that's not what happens. Okay. And by having that understood,
	515	+|514 |01:26:42,240 ~-~-> 01:26:50,730 |okay, you got to understand that there are times when textbook stuff will work. But it's going to be when it's in line with the underlying tone of the
	516	+|515 |01:26:50,730 ~-~-> 01:27:04,590 |marketplace, when it's set up to move. Okay. What I mean by that is that unless it's risk off risk on, based in dollar driven, and you have institutional
	517	+|516 |01:27:04,590 ~-~-> 01:27:12,960 |factors that between your entries and your exits, it's not going to pan out it, the banks don't care about your chart patterns. In fact, market makers love
	518	+|517 |01:27:12,990 ~-~-> 01:27:22,230 |chart patterns, because it gives them reasons to see see more liquidity come into the marketplace. Okay? And what does that mean? Well, if you were a buyer
	519	+|518 |01:27:22,230 ~-~-> 01:27:33,930 |down here, as you're looking at chart patterns, you're buying here, so we're gonna have to protect your your position, a sell stop. Right here. So you're
	520	+|519 |01:27:33,930 ~-~-> 01:27:45,420 |buying, there's gonna be stops, I'm gonna hear if you if a trader can take you out, okay, in that position, they assume that, that difference in terms of
	521	+|520 |01:27:45,420 ~-~-> 01:27:58,590 |price, you as a developing smart trader, you want to say, I don't want to trade like this. In fact, I want to see where the stops on the other side of the
	522	+|521 |01:27:58,590 ~-~-> 01:28:08,340 |marketplace are going to be. Okay, and what does that look like? Well, if the market expects based on this bullish pattern, if it should be rallying, okay,
	523	+|522 |01:28:08,850 ~-~-> 01:28:17,490 |they're going to be looking for continuation higher breakout artists are going to use these little areas like here, okay, and they're going to have stop orders
	524	+|523 |01:28:17,490 ~-~-> 01:28:24,720 |the violent stop, okay? Or they're going to be looking to wait for price to break out like it does here. And then there'll be a buyer. Well, you as a
	525	+|524 |01:28:24,720 ~-~-> 01:28:33,330 |trader, you view that as the liquidity necessary for you to take the other side of the trade. So as price breaks above this high here and gives you a turtle
	526	+|525 |01:28:33,330 ~-~-> 01:28:42,120 |soup pattern, or false breakout, that's where you want to sell you do not want to view that as buying strength usually you that as a suspect rally, sell it
	527	+|526 |01:28:42,660 ~-~-> 01:29:06,450 |boom, it falls out of bed. Okay. Now the time of day for this let's look at that. And this is on August 5, this is yesterday do the kill zones and zoom in
	528	+|527 |01:29:09,720 ~-~-> 01:29:17,040 |so August 5 right in here so we have to beginning of London
	529	+|528 |01:29:23,100 ~-~-> 01:29:34,470 |right here and it just your kills enters a little just a little late here which is reason why we like to use the buffer. I know that sounds like I'm always
	530	+|529 |01:29:34,470 ~-~-> 01:29:48,990 |trying to you know, form fit these these results but six GMT, okay is one of the moves can occur as early as 1am or six GMT. Having that mind again and these are
	531	+|530 |01:29:48,990 ~-~-> 01:29:59,310 |all in your notes. Okay, that's the high right there at six TNT or wanting in New York time. Then false breakout trade lower, which is the reason why I tell
	532	+|531 |01:29:59,310 ~-~-> 01:30:09,780 |you guys always I'm usually up between 1215 and 1am. My time, and I'm looking for London setups based on what I see, you know, on the charts around that time.
	533	+|532 |01:30:11,160 ~-~-> 01:30:20,610 |If you looked at the, what we discussed in relationship to midnight, and here's five GMT, this little move here, that's all it's necessary. Okay, so I get
	534	+|533 |01:30:20,610 ~-~-> 01:30:29,220 |questioned all the time. Okay, well, how much of a Judas swing? Do you need? Oh, it depends on what you have on your chart. And I'm not trying to blow off your
	535	+|534 |01:30:29,250 ~-~-> 01:30:36,690 |your question, it really is that just that simple, is a lot of other framework gets taken into consideration, like we have over here, this looks too good, like
	536	+|535 |01:30:36,690 ~-~-> 01:30:46,050 |a bull flag. And a lot of participants are going to be looking to, you know, try to be expecting this thing go higher. Also, you got these guys that broke out on
	537	+|536 |01:30:46,080 ~-~-> 01:30:54,180 |the downside. price went lower. Okay, they're on, they're on the sell side. So now how are they gonna protect your position? Okay, they're going to be putting
	538	+|537 |01:30:54,180 ~-~-> 01:31:04,380 |a stop loss. Where is the stock going to be right above the previous little high right in here? Well, when you look at price like this, you're thinking exactly
	539	+|538 |01:31:04,380 ~-~-> 01:31:13,890 |how the market makers think you're not looking at a retail perspective, you're looking at how the market is traded in the eyes of a of a dealer or a market
	540	+|539 |01:31:13,890 ~-~-> 01:31:24,000 |maker. Your stocks gonna be right above here, if you're a seller, they come right back and take those guys out. Okay, so they, they neutralize any hopes of
	541	+|540 |01:31:24,000 ~-~-> 01:31:33,060 |the bulls that use these bull flag patterns, they neutralize the participants that have been net short, that would be profiting over here. But they don't want
	542	+|541 |01:31:33,060 ~-~-> 01:31:41,490 |those individuals being profitable to take the stops out over here, because their stop loss is gonna be above here. Right above it, right above the Asian
	543	+|542 |01:31:41,490 ~-~-> 01:31:54,630 |range high. This whole little box here is Asian range. So if you understand that, you'll know that that make sure I'm telling you it's true. I don't want
	544	+|543 |01:31:54,630 ~-~-> 01:32:04,380 |you to know what you think as Asian range and it may be see central mind dealing range. Yes, Asian range. Okay, this is your gente This is Asian range. Price
	545	+|544 |01:32:04,440 ~-~-> 01:32:14,640 |talks about the Asian range high and an old intraday high and rejects quickly, and trades lower. So that's, you know, that's the pattern. It's there. It's you
	546	+|545 |01:32:14,640 ~-~-> 01:32:16,320 |have your turtle soup, and you also have your
	547	+|546 |01:32:22,860 ~-~-> 01:32:39,450 |tea right here, right to the PIP. Okay. So that's it. That's what it looks like, going over both pairs and using the same context that we use for. Let's get this
	548	+|547 |01:32:39,450 ~-~-> 01:32:40,170 |stuff off.
	549	+|548 |01:32:54,360 ~-~-> 01:33:09,570 |We have price trading. Here, we went short here. So what do we use, we use the swings. Okay, we have a couple different reference points we can use, we can use
	550	+|549 |01:33:09,570 ~-~-> 01:33:18,030 |the smaller one here up to the high. Okay, so you could be looking to take profit down here on the 200 extension. But there's nothing down here lining out
	551	+|550 |01:33:18,030 ~-~-> 01:33:26,940 |that. So if we're looking for lower prices, you would be expecting this low to be taken out, because stocks will be residing on the day as well. So dealers
	552	+|551 |01:33:26,940 ~-~-> 01:33:35,190 |will be more interested in trying to get price to go underneath that low. And should it go that point, we'll be looking to take profits at 127. Once you get
	553	+|552 |01:33:35,190 ~-~-> 01:33:42,810 |two or two on an extension, you can see price comes down to 127. Look at a nice bounce that happens right there. And later on gives you on the buy scenario
	554	+|553 |01:33:42,810 ~-~-> 01:33:54,600 |here, which we're not going to teach that here. But it does violate a little bit within rallies up. If you don't use this low here. You can use this low here and
	555	+|554 |01:33:55,380 ~-~-> 01:34:07,770 |write this in your notes. There's no wrong way to take profits. And I'll say it again, there's no incorrect way of taking profits. If you make a profit, you're
	556	+|555 |01:34:07,770 ~-~-> 01:34:18,540 |better than you were before you took the trade period. That's all you need to know. That's That's it. That's that's that's all there is. Okay. So now if you'd
	557	+|556 |01:34:18,540 ~-~-> 01:34:35,040 |use the primary move here, okay, you can use the 200 extension here, nails to the PIP one 162, extension and 127. They're all respectable levels. Okay, using
	558	+|557 |01:34:35,040 ~-~-> 01:34:44,340 |the entry point. That's, that's what we like to use that if you're looking at just pure market structure swings and nothing else. You can use these classic
	559	+|558 |01:34:44,340 ~-~-> 01:34:54,030 |reference points. This low to high, you get the 127 and 162. Okay, so I'm adding both of them. I know some of you guys are looking at this. Oh, that's not how
	560	+|559 |01:34:54,030 ~-~-> 01:35:01,440 |you know, you're right. That's not how they do it. This is how I do it. This is how everyone else does it. They use a lot Hi and then they find the levels
	561	+|560 |01:35:01,440 ~-~-> 01:35:09,060 |that's fine. Okay, but there's gonna be a lot of other targets that dude classical application of fibs will never line up with but you'll see me doing it
	562	+|561 |01:35:09,060 ~-~-> 01:35:20,610 |in videos and mine ob surgical in precision and the other ones sometimes don't get met. And you have this low to high as well. And you have the 127 Okay, so if
	563	+|562 |01:35:20,610 ~-~-> 01:35:31,050 |you look for a confluence of a lot of levels lining up, and old support resistance levels, Daniel, you'll see a lot more reasons to cover at those
	564	+|563 |01:35:31,050 ~-~-> 01:35:37,470 |levels not to simply Hey, you know, I made 20 pips, let me get out. If you do that, and you're London trader, you're going to leave a lot of money on the
	565	+|564 |01:35:37,470 ~-~-> 01:35:45,960 |table. And there's really no reason for that. One of the greatest lessons I learned from Larry Williams was the best way to make money is hold to the close.
	566	+|565 |01:35:46,380 ~-~-> 01:35:54,810 |And I did that as s&p trader and a bond trader once day trading the futures market. And it's absolutely true. I mean, you leave a lot of money on the table
	567	+|566 |01:35:54,810 ~-~-> 01:36:06,090 |if you're just scalping and kicking couple pips and saying, okay, I want to make my living on. So, let's scroll forward a little bit here. This is where we're at
	568	+|567 |01:36:06,090 ~-~-> 01:36:21,480 |intraday today. It's kind of ugly, if you look at really what's going on yesterday as well. The the idea of incorporating directional premise, when we
	569	+|568 |01:36:21,480 ~-~-> 01:36:34,020 |have an area like this, okay, I'm going to pull up another US dollar. And we're going to do the averages on a daily chart.
	570	+|569 |01:36:39,030 ~-~-> 01:36:52,470 |Okay, so we have across the 18 and 40. And they start stacking right here, this is a really good time. So this actually occurs on July 21. So we are in a really
	571	+|570 |01:36:52,530 ~-~-> 01:37:03,510 |clear, institutionally sponsored bull move on the dollar. So that is going to be a precursor to looking for sell scenarios in fiber and cable to remember this
	572	+|571 |01:37:03,510 ~-~-> 01:37:20,190 |date, July 21 2014, now we go over to our cable. Let's just go over here like this one. And we're going to apply same thing Well, that's not what I wanted to
	573	+|572 |01:37:20,190 ~-~-> 01:37:20,430 |do.
	574	+|573 |01:37:25,620 ~-~-> 01:37:45,840 |Okay, so we have a zoom in we have a delay in the crossover here until what days is the 21st so we're looking at 10 days later before we see the the same thing
	575	+|574 |01:37:45,840 ~-~-> 01:37:56,100 |occurring in cable in terms of using the moving averages. Now that's for looking for swing trades, okay 18 to 40 is used for swing trades or short term trades,
	576	+|575 |01:37:56,640 ~-~-> 01:38:10,020 |the way we look for day trades for for looking for short term, directional premise driven biased intraday trades. We use 918 okay 918 on a daily chart
	577	+|576 |01:38:10,020 ~-~-> 01:38:19,590 |gives us the buy model and sell model when it crosses over here start stacking you're in a buy mode look for open down moves in London by the London open wait
	578	+|577 |01:38:19,590 ~-~-> 01:38:29,310 |for a higher close in London close timeframe. And that's how it works. Okay, if you're in New York trader you look for that environment to occur wake up at New
	579	+|578 |01:38:29,310 ~-~-> 01:38:39,330 |York opening get your coffee get your doughnuts or wherever going to be new stuffing in your face not advocate eating donuts but whatever you do, you get
	580	+|579 |01:38:39,330 ~-~-> 01:38:46,770 |yourself prepared for trading. What you want to look for if you're a New York trader is if you're in this environment like this London should have made the
	581	+|580 |01:38:46,770 ~-~-> 01:38:55,260 |world a day and then what'll happen is you'll see a minor little retracement in New York open and it'll continue on and trading into higher clothes for linen
	582	+|581 |01:38:55,260 ~-~-> 01:39:06,600 |clothes. The reverse is said for the moose once you have the average is going lower here. Now we have the averages crossing here and this day is July 23. Now
	583	+|582 |01:39:06,600 ~-~-> 01:39:17,160 |we're very close now to seeing that 21st in July when we saw the bullish move underway in $1 see that okay, read it here I'm just using this little
	584	+|583 |01:39:17,160 ~-~-> 01:39:27,990 |retracement here as a reference point because I don't want to chase price I want to see some sort of a retracement that happening in here okay we see price on
	585	+|584 |01:39:27,990 ~-~-> 01:39:39,000 |the 23rd in here. So we have a little bit of a retracement here and then crossing so on this day here begins to sell program for looking for down moves
	586	+|585 |01:39:39,030 ~-~-> 01:39:49,350 |in the British Pound USD or cable. Now that in mind, okay, we're looking at candlesticks candlesticks are great easy on I. But what I really want you to pay
	587	+|586 |01:39:49,350 ~-~-> 01:39:59,460 |attention to is using the bar chart. So on this timeframe now I want you to count the level of or not not level but number of days where we have open a
	588	+|587 |01:39:59,460 ~-~-> 01:40:07,860 |rally and then decline with a lower close. Okay, we have it here. This is a Sunday unchanged could have been a losing day. We'll call it a losing day. Open,
	589	+|588 |01:40:07,920 ~-~-> 01:40:16,980 |rally down, close, open, rally down, close, open, rally down close, open, rally down close. Do you see what you've just done? You've put yourself in the
	590	+|589 |01:40:16,980 ~-~-> 01:40:27,630 |driver's seat of a move that is completely out of your hands, no control whatsoever. You can't control price. But guess what you're doing. You're riding
	591	+|590 |01:40:27,630 ~-~-> 01:40:39,180 |right behind this massive entity that we like to deem smart money. No one else out there really gets to the core of how to ride their coattails whether you
	592	+|591 |01:40:39,180 ~-~-> 01:40:46,440 |hear them, they say, well, we were trying to ride we're trying to ride the coattails of the smart money. Well, ICT tells you exactly how to do that. It
	593	+|592 |01:40:46,440 ~-~-> 01:40:56,850 |doesn't provide you at every single day trade opportunity. If you're focusing on one pair. If you have a collaboration of pairs, then yeah, you'll probably get a
	594	+|593 |01:40:56,850 ~-~-> 01:41:06,780 |trade every single day. Will you make 20 pips every single day? Probably not. Can you make 20 pips average every day? If you do trading like this, you break
	595	+|594 |01:41:06,780 ~-~-> 01:41:15,690 |it down yeah, sure, because you'll be making 90 pips one day 40 pips another 250 pips another day and the average out over 20 trading days you probably are
	596	+|595 |01:41:15,690 ~-~-> 01:41:22,020 |making 20 pips every single day. And I do that with my tongue in cheek, but that's what I'm trying to say. Don't think like that don't have daily goals,
	597	+|596 |01:41:22,050 ~-~-> 01:41:31,350 |okay, have weekly goals. My weekly goal is anywhere between 30 and 50 pips, it used to be 75 pips a day, I'm sorry a week when we had bigger, larger ranges.
	598	+|597 |01:41:31,350 ~-~-> 01:41:41,520 |But guess what, I adapted to the market the market and I've reduced it and I gotten comfortable. Now with 30 and 50 pips, I can make more money than most
	599	+|598 |01:41:41,550 ~-~-> 01:41:53,310 |average Americans in the upper echelon, okay, of, you know, middle class, I can do what they earn a year, inside of a month, and not even do more than 50 pips a
	600	+|599 |01:41:53,310 ~-~-> 01:42:00,660 |week, not a day, a week. So I'm comfortable having a whole lot of free time doing one trade a week,
	601	+|600 |01:42:01,500 ~-~-> 01:42:08,280 |I don't need the money anymore. When you're developing and you're and you're trying to get to the point where you're you're living on your trading, or when
	602	+|601 |01:42:08,280 ~-~-> 01:42:16,350 |you don't really need to trade anymore, which is really where I'm at now. trading is fun for me. But I like to obviously make money too. But it's it's an
	603	+|602 |01:42:16,350 ~-~-> 01:42:27,630 |interesting way of living. And you all are pursuing that that lifestyle, but understand that you are not going to have to do that type of trading to do well.
	604	+|603 |01:42:28,320 ~-~-> 01:42:36,210 |And it's very important to understand that because if you understand that, it removes a whole lot of unnecessary stress and pressure, and I got to get it done
	605	+|604 |01:42:36,210 ~-~-> 01:42:47,220 |right now because I'm 49 years old, and I got to get my stuff paid off. And if you think like that, it's going to be a problem. So don't Okay. So now we like
	606	+|605 |01:42:47,220 ~-~-> 01:42:57,480 |to see that phenomenon take place. So we know when July 21 we had a sell program authorized by a rally up in the dollar, similar words the averages on the dollar
	607	+|606 |01:42:57,510 ~-~-> 01:43:06,300 |on the daily chart were opening and pointing up, which was seen reverse here two days later on the cable. So from here over to present, this is what we have
	608	+|607 |01:43:06,300 ~-~-> 01:43:15,120 |mapped out. So we when we go down to a lower timeframe, we're looking specifically for only looking to sell not looking to buy Okay, can you make
	609	+|608 |01:43:15,120 ~-~-> 01:43:23,310 |money buying Sure you can. I don't like that idea. And I think people that trade against institution sponsors are absolutely nuts. Okay. Sorry, I just that's
	610	+|609 |01:43:23,310 ~-~-> 01:43:30,930 |just the way I feel. And the majority of the money is being made when you're having institutional flows behind you. Not trading against it, okay, I'm not
	611	+|610 |01:43:30,930 ~-~-> 01:43:40,470 |gonna arm wrestle UBS. I'm just not gonna do it. So looking at where we're at here is the down move self programming in the charts, we go down one more level
	612	+|611 |01:43:40,470 ~-~-> 01:43:56,880 |to four hour. Okay, and we move over to present. Okay, and when we have the averages, broken down on that as well, because this is our intraday timeframe
	613	+|612 |01:43:56,910 ~-~-> 01:44:07,650 |for our okay for our is our intraday timeframe. So when the averages are going lower, we have a green light, go look for openings, and Judas swings higher in
	614	+|613 |01:44:07,650 ~-~-> 01:44:16,080 |London, sell into that. Also, if London makes that high, we're going to talk about New York in a second, we're going to look for the New York session, Judas
	615	+|614 |01:44:16,080 ~-~-> 01:44:26,220 |swing and how we incorporate that. But right in here, okay, we have a very nice indication of we're in sync with the marketplace and who's a marketplace of
	616	+|615 |01:44:26,220 ~-~-> 01:44:43,830 |smart money. So now what we'll do is we'll add our vertical lines delineating the period separation and we're going to go down to a 15 minute timeframe. zoom
	617	+|616 |01:44:43,830 ~-~-> 01:44:54,750 |out a little bit more. Okay, from this point here to present. Okay, I want you to look at the chart, and I want you to do this on your own tracks. I'm not
	618	+|617 |01:44:54,750 ~-~-> 01:45:03,600 |going to do every single one. But once you get down to the sub For our you don't need the moving averages anymore. So you take the moving averages off your
	619	+|618 |01:45:03,600 ~-~-> 01:45:11,430 |charts, because you don't want to be paying any attention to it under four hours. They don't mean anything to you. If you're a scalper you can use the one
	620	+|619 |01:45:11,430 ~-~-> 01:45:18,870 |hour timeframe and in trade when it's in sync with that as well but I do not want scalping and I should have probably never told you that but if you are
	621	+|620 |01:45:18,870 ~-~-> 01:45:25,530 |looking for scalping, then that's how you use it with the one hour but anything less than four hour I'm not interested in with moving averages, okay, because
	622	+|621 |01:45:25,530 ~-~-> 01:45:35,490 |I've already arrived at a higher timeframe institutional sponsors that based on daily and four hour now, looking at what we have here, okay, what you're looking
	623	+|622 |01:45:35,490 ~-~-> 01:45:49,560 |at is every single vertical line represents a new trading day at zero GMT shortly after, okay, when we add the period separator and again, I'll share this
	624	+|623 |01:45:49,560 ~-~-> 01:45:59,220 |with you guys. I'm going to put five GMT which is midnight my time Okay, which is going to be represented by this white line, which now I'm going to change
	625	+|624 |01:45:59,220 ~-~-> 01:46:11,400 |because I don't like that. It doesn't pop off at the chart so you guys can see it clearly. Let's go to colors. And that's not working right either. See what I
	626	+|625 |01:46:11,400 ~-~-> 01:46:18,630 |want. See if I can get it to jump with the Red
	627	+|626 |01:46:21,750 ~-~-> 01:46:29,280 |Mountain outstandingly Well, I'm not sure how to do it. And I'm probably figured out after the video and look foolish, but oh, well, it is what it is. You'll
	628	+|627 |01:46:29,280 ~-~-> 01:46:41,400 |just have to make do with it. The white line in here is midnight timeframe. Okay in New York. So what you're looking for is a rally after the white line, okay,
	629	+|628 |01:46:41,430 ~-~-> 01:46:53,970 |or in other words, a rally to the right of that white line each day, the rally that occurs after that white line and up to the ending of New York ICT kill
	630	+|629 |01:46:53,970 ~-~-> 01:47:02,880 |zone. I'm sorry, London open kill zone for ICT timeframe between two o'clock in the morning New York time and four o'clock in the morning New York time, okay?
	631	+|630 |01:47:02,910 ~-~-> 01:47:14,220 |or seven GMT, nine GMT. Okay. And again, I understand that it can go as late as 10 GMT, or as early as six GMT or one o'clock in the morning to is latest 5am
	632	+|631 |01:47:14,250 ~-~-> 01:47:22,740 |New York time. So I go through this video a couple different times because I know I'm probably confusing you going back and forth between the two but
	633	+|632 |01:47:22,740 ~-~-> 01:47:32,160 |understand it's simply a window of opportunity when the higher low is formed for the day. We understand that inside this orange box. The point of the box is it's
	634	+|633 |01:47:32,190 ~-~-> 01:47:41,670 |keeping your perspective and only looking to be a seller. You see the power in that you do not want to be buying there's no reason to be a buyer. Why would you
	635	+|634 |01:47:41,670 ~-~-> 01:47:53,790 |want to do that? You're buying okay in an environment where the large institutional sponsorship okay is saying I am not wanting to be long I want to
	636	+|635 |01:47:53,790 ~-~-> 01:48:06,780 |sell so who has more money? Credit Suisse or Michael Huddleston clear clearly, I'm not trying to go against these guys. Okay, and when you're on the same side
	637	+|636 |01:48:06,780 ~-~-> 01:48:17,250 |as them, trading works out. It's just I explained Other than that, it just works out. So looking at every single day, okay, what you're going to look for is
	638	+|637 |01:48:17,250 ~-~-> 01:48:26,100 |there's going to be a retracement or a swing higher it could be an initial swing up for that makes the high that day or it could be inside of the range that was
	639	+|638 |01:48:26,100 ~-~-> 01:48:34,260 |already established from the opening at zero GMT, which is zero GMT openings are the darker vertical dashed lines. The white lines are New York midnight
	640	+|639 |01:48:34,260 ~-~-> 01:48:44,850 |timeframe. Okay, so now let's zoom in and go to the beginning. And it's add the candlesticks because it's a little bit easier to see. So here's your vertical
	641	+|640 |01:48:44,850 ~-~-> 01:48:53,460 |line here. New York, midnight. Okay, we don't care about the move lower. We don't chase that. We do not care about that. We want to see the rallies up.
	642	+|641 |01:48:54,000 ~-~-> 01:49:06,990 |Okay. When this rallying up, we already have to have in mind where the old highs are stops above it. Chelsea, so Okay, new day here. Now I'm not going to go
	643	+|642 |01:49:06,990 ~-~-> 01:49:13,560 |through all the details about how how far it went, what time it stopped and all that business you could do that on your own and I'm encouraging you to do that's
	644	+|643 |01:49:13,560 ~-~-> 01:49:22,770 |the point of me showing you this. Here again, we have a midnight timeframe. The opening price here. Okay, we don't care about the move lower. We want to be
	645	+|644 |01:49:22,770 ~-~-> 01:49:31,020 |above the opening price much in the same capacity here. We had the opening price here at the vertical line. It's white and here. We want to be selling above that
	646	+|645 |01:49:31,020 ~-~-> 01:49:42,300 |price. It has to be above that price, or we need selling. That's the filter. Okay. You're selling above the opening price here. Here's the rally up. Boom,
	647	+|646 |01:49:42,330 ~-~-> 01:50:00,210 |you sell it. Okay. Here is the opening price. Very modest little move of it doesn't matter. It's all you need. Sell it down move you have at all. Trade
	648	+|647 |01:50:00,210 ~-~-> 01:50:09,060 |entry in here, you could have traded this one here and even taken profits, the old low and could have done 1520 pips, okay, but then it reversed and traded
	649	+|648 |01:50:09,060 ~-~-> 01:50:17,700 |higher, came back and could have stopped you if you had your stop loss lowered in here. So this could have been a day where you could have made money and you
	650	+|649 |01:50:17,700 ~-~-> 01:50:25,170 |could have lost it or you could have just simply did nothing. It is a Friday, I don't want to take trade Friday. So that kind of falls in a category in itself
	651	+|650 |01:50:25,170 ~-~-> 01:50:36,810 |as well. So I like to trade predominantly Tuesday, Wednesdays and Thursdays. If I made money on Tuesdays or Wednesdays I don't do any trading or acid week. We
	652	+|651 |01:50:36,810 ~-~-> 01:50:48,180 |have the scenario here. Here's midnight, and the price rallies up. We have old highs back here, clean highs. So above that would be what stops look for a price
	653	+|652 |01:50:48,180 ~-~-> 01:50:55,770 |to rally up to that and then reject. And you see that happening here it tooks a little bit longer into the next day. But we have an optimal trade entry here.
	654	+|653 |01:50:55,920 ~-~-> 01:51:04,470 |trades back up to an a bearish order block the last bullish move up, look at that low draw that out in time comes right back to that price point. Also notice
	655	+|654 |01:51:04,470 ~-~-> 01:51:14,400 |that it's also taking out an old high here, after midnight, see the rally up, it's taken out stop. And its ultimate, ultimate skinny, ultimately, also
	656	+|655 |01:51:14,400 ~-~-> 01:51:20,400 |fulfilling and optimal trade entry. Pull your fear from this high down to that low. And I know a lot of you guys are saying Well, can you just do it? Michael,
	657	+|656 |01:51:20,430 ~-~-> 01:51:22,950 |can you just put the film on your site? I need to see it.
	658	+|657 |01:51:25,890 ~-~-> 01:51:40,050 |Right here. Optimal trade entry boom. Where's the candle out here? That is 845 GMT surprised as to London open kill zone. And then as your move going lower how
	659	+|658 |01:51:40,050 ~-~-> 01:51:50,730 |many trades that we've seen so far? Guys? He gets enough pips. Just this day alone. Is 10 2030 4050 pips easily that one day. That's one that's one week.
	660	+|659 |01:51:50,730 ~-~-> 01:51:59,640 |That's it, I'm done. That's it. That's the whole week for me, I'm not worried about trading anymore. Okay. Now, here's a optimal trade entry inside of the
	661	+|660 |01:51:59,640 ~-~-> 01:52:07,860 |range. That's already happened here. Now, why am I using it like this? Why am I going to pull it from here to here to get an optimal trade entry in here? Well,
	662	+|661 |01:52:07,860 ~-~-> 01:52:17,220 |because we took out, we taken out a previous day's low, when you see that the chances of it coming all the way back up here is unlikely, it's unlikely,
	663	+|662 |01:52:17,220 ~-~-> 01:52:26,430 |especially when you're in a down move when the when it's heavily weighted moving lower, longer term. On a higher time frame basis, like a daily chart, you're
	664	+|663 |01:52:26,430 ~-~-> 01:52:43,470 |really expecting too much of the market. Okay. And with that understood, here's the midnight high, New York on the low, here it is. And it goes right up to the
	665	+|664 |01:52:43,470 ~-~-> 01:52:51,120 |sweet spot right to the PIP. And that's difficult to see but do this on your own charts. Okay, I'm just giving you the the framework. But we we had a low
	666	+|665 |01:52:51,120 ~-~-> 01:52:59,580 |previous day went down, blew through it thinking right back up, trade it back inside this consolidation, then down goes notice it's also went up to this
	667	+|666 |01:52:59,580 ~-~-> 01:53:10,410 |previous order block is a Down, down, it's up, candle up candle prior to the down move. If you use this little candle on here as well, same thing goes right
	668	+|667 |01:53:10,410 ~-~-> 01:53:19,980 |down to that low and trades off. Okay, that's how precise you can get. But again, because you're doing what you're focusing on being a bear. Why? Because
	669	+|668 |01:53:19,980 ~-~-> 01:53:27,660 |institutional sponsorship suggests that they're long the dollar, which means it's gonna be downward pressure on current, the cable and we have institutional
	670	+|669 |01:53:27,660 ~-~-> 01:53:36,420 |sponsorship because averages are pointing lower on cable and they're opening up wide. So we don't want to buck that trend. We want to stay with that trend. We
	671	+|670 |01:53:36,420 ~-~-> 01:53:44,370 |don't care about picking the bottoms. We don't care about that. Nobody wants to nobody wants to pick the bottom in ICT camp when we're when the bear market,
	672	+|671 |01:53:44,400 ~-~-> 01:53:51,630 |okay, we don't care about that. We're gonna make all kinds of money and pips just going with institutional sponsorship. Okay, just take all that wanting to
	673	+|672 |01:53:51,630 ~-~-> 01:53:59,400 |be right out of it. Okay. Alright, so we have another little rally in here. Okay, after after midnight timeframe. Now you're saying Oh, wait a minute.
	674	+|673 |01:53:59,400 ~-~-> 01:54:09,870 |That's not that's not much, right. It doesn't have to be much. Okay. Look over here. What do you see? See this big move down. There's an institutional order
	675	+|674 |01:54:09,870 ~-~-> 01:54:24,480 |block right in here. The bullish candle prior to the move lower. That's where the, the selling is going to be. So if you add that level, right here, price
	676	+|675 |01:54:24,510 ~-~-> 01:54:38,340 |trades back to that level, we expect to see selling pressure. Add to that. Okay, I'm going to darken this up in a different color line. Okay, we'll make it red.
	677	+|676 |01:54:39,930 ~-~-> 01:54:55,980 |Okay, so there's your order block it traded into. Now add to it also the fib. See, the high here is downswing here, this is the parent price swing. And you're
	678	+|677 |01:54:55,980 ~-~-> 01:55:13,860 |still right there. price comes right up to the sweet spot boom. When's it happen after midnight, right up near bang, okay. sells off. Okay. early that day didn't
	679	+|678 |01:55:13,860 ~-~-> 01:55:30,090 |give you the classic 2am timeframe. But on this day it occurs at 545. While you're 15 minutes early, so you may have to catch the order block that was here,
	680	+|679 |01:55:30,570 ~-~-> 01:55:42,000 |trading up in to the still early Frankfurt, it's 630 GMT, unless you were probably doing lemon odors, or just simply being up and awake and watching it,
	681	+|680 |01:55:42,480 ~-~-> 01:55:51,630 |you may not have, honestly, you may not have gotten a really good film on this one. Or maybe you missed the move all together, which is, which is realistic.
	682	+|681 |01:55:55,470 ~-~-> 01:56:07,620 |Okay, we have another one here, this is a real classic one, you have the high and low, here's the move up after midnight rallies up. And you're probably
	683	+|682 |01:56:07,620 ~-~-> 01:56:14,730 |already seeing it before I put it on the chart. Let's get this one off.
	684	+|683 |01:56:16,320 ~-~-> 01:56:26,970 |Right up there perfect. Optimal trade entry, bam, setting offset slam, which is one we've, we've discussed. And not surprisingly, okay, here's one, okay, and
	685	+|684 |01:56:26,970 ~-~-> 01:56:37,170 |this is good that we're showing this, we have salivation. The rally up, takes out old little high in here. Okay? That would be Honestly, this would be one
	686	+|685 |01:56:37,170 ~-~-> 01:56:48,750 |that you could have traded with the anticipation and test it easy for me to say anticipating rather, the move trading lower. Okay. And while it does trade
	687	+|686 |01:56:48,750 ~-~-> 01:56:58,020 |lower, it does come back ultimately, and rejects and trades higher. And you saw price come back rather explosively. And that's because we have a gap right here.
	688	+|687 |01:56:58,530 ~-~-> 01:57:05,760 |Okay, whenever you have gaps in your chart, you want to kind of put blocks on that and extend them out in time because price will come back up to these and
	689	+|688 |01:57:05,760 ~-~-> 01:57:21,210 |fill that. Okay. much in the same vein it does here and actually traded this at 168 54 was my entry. And I just took 20 pips, I didn't capture anything much
	690	+|689 |01:57:21,240 ~-~-> 01:57:30,360 |more than that. But same thing happening here. And know, you're probably saying, Wait a minute, you just bought during the buy program, I mean, a sell program.
	691	+|690 |01:57:30,420 ~-~-> 01:57:38,340 |Yeah, because we have this gap in here. And it was a smaller intraday scalp. And I hadn't caught hadn't caught anything. Because there's a lot of personal things
	692	+|691 |01:57:38,340 ~-~-> 01:57:46,050 |going on my life. And I just wanted to be able to take something out for the week and be done. And that's what I did. So I have a birthday coming up this
	693	+|692 |01:57:46,050 ~-~-> 01:57:57,990 |Friday, on the big 42. So I'm trying to clear my my schedule out. So that's that's the reason for the little, little buddy move in here. I haven't been able
	694	+|693 |01:57:57,990 ~-~-> 01:58:07,500 |to be in front of the charts to capture anything in here. And honestly, there isn't anything in here that would be you know, something I could say my tools
	695	+|694 |01:58:07,500 ~-~-> 01:58:17,520 |were able to deliver. So outside of that little little minor move in here. There's been nothing for me to trade this week. And ultimately, we're going to
	696	+|695 |01:58:17,520 ~-~-> 01:58:24,930 |be focusing on just the fiber. I'm sorry, the cable not the fiber anymore. Going forward. We do our live sessions because I just want to be working on one pair.
	697	+|696 |01:58:25,950 ~-~-> 01:58:39,150 |But we talked about the power three, we talked about Judas swings, I did not cover the Judas swing for New York. So let's do that now. All right, New York
	698	+|697 |01:58:39,150 ~-~-> 01:58:53,280 |session typically sees an opening around 7am New York time, okay, and can use 12 GMT. Now, what I like to look at is I want to see what 6am okay? 6am, which is
	699	+|698 |01:58:53,280 ~-~-> 01:59:06,300 |11 GMT, I want to see that vertical line. And that'll give you your Judas swing parameter, okay, for the New York session. Now, let's go back and look at this
	700	+|699 |01:59:06,300 ~-~-> 01:59:17,520 |example. And I'll tell you why I did what I did against the trend. We had a possible low formed here because we have really aggressive move form right off
	701	+|700 |01:59:17,520 ~-~-> 01:59:27,660 |of this, this price point here and this is actually 745 GMT. Okay, price snaps up aggressively and it leaves a gap. All I wanted to do see if it would come
	702	+|701 |01:59:27,660 ~-~-> 01:59:35,940 |back up to this and I was trying to play an optimal trade entry for continuation going lower, but using the exit for the optimal trade entry pattern. In other
	703	+|702 |01:59:35,940 ~-~-> 01:59:37,140 |words, I was looking at this.
	704	+|703 |01:59:42,720 ~-~-> 01:59:51,840 |I was using this area here to exit my long price came down filled the gap. But more importantly, I want you to look at what's going on. This is what I was
	705	+|704 |01:59:51,840 ~-~-> 02:00:01,530 |trading off of. I was betting that this was the low of the day. Why? Because it was happening in London, London, blew up real hard and then retreat. Okay, it
	706	+|705 |02:00:01,530 ~-~-> 02:00:09,000 |filled the gap. If there was no gap in here, I never would have thought this trade ever would have considered taking a trade. But because there was a gap. I
	707	+|706 |02:00:09,000 ~-~-> 02:00:19,710 |went long in here with the expectation that I would see a further move higher why the vertical line delineates 11 GMT or 6am, New York time? If we're going to
	708	+|707 |02:00:19,710 ~-~-> 02:00:28,530 |be a buyer, what do we like to see first and Judas swing perspective? A down move. See what it's done. Here's the white line. This is New York. Judas
	709	+|708 |02:00:28,590 ~-~-> 02:00:40,470 |parameter like the five GMT New York for London. We want to see a move down. Also, it fills in a gap and it trades into a previous order block rallies. See
	710	+|709 |02:00:40,470 ~-~-> 02:00:59,730 |that. If you are looking at over here, your London open down day. Here is the New York session. So how do you get in sync with getting in New York? Well, you
	711	+|710 |02:00:59,730 ~-~-> 02:01:14,880 |want to see a rally after 11 GMT or 6am that rally that occurs later on? That'll be the retracement inside of the existing daily range. Right up on here 60% sell
	712	+|711 |02:01:14,880 ~-~-> 02:01:26,250 |here. Try to get back to the old low notice it doesn't do it here. Failed trade. Okay. I'm giving you what would what would happen guys I mean I'm trying to keep
	713	+|712 |02:01:26,250 ~-~-> 02:01:36,870 |it as real as I possibly can. You have a scenario here as well. You have the high coming off of in the London session. trades down. We want to see a rally
	714	+|713 |02:01:36,870 ~-~-> 02:01:39,780 |after New York. Okay after New York
	715	+|714 |02:01:45,870 ~-~-> 02:01:49,830 |never gives it to you here and you have to wait to the following day on online.
	716	+|715 |02:01:56,430 ~-~-> 02:02:09,810 |Down move in here. Have you want to see a retracement of some sort? Okay retracement is again New York can be used for position trading guys that can't
	717	+|716 |02:02:09,810 ~-~-> 02:02:19,320 |be up there in London, whatever you would sell short here. You had to ride out all through the previous I mean sorry, the next London session. So you can't
	718	+|717 |02:02:19,320 ~-~-> 02:02:28,380 |move your stop. You can't do anything until the low is taken out muscle or taken out then you start managing your trade and your stops. But until then, that's
	719	+|718 |02:02:28,410 ~-~-> 02:02:40,230 |this is what you have to work with. But using the new york session period separator 11 GMT or 6am New York time you want to see the rally you want that
	720	+|719 |02:02:40,230 ~-~-> 02:02:50,190 |rally is is what sets you up for a continuation of the existing down set downtrend. Okay, framing your ideas with the London backdrop of what's going on
	721	+|720 |02:02:50,190 ~-~-> 02:03:03,930 |in London, and the overall trend being lower. But using the 6am New York or 11 GMT window, what what that does afterwards, okay, is sets the framework up for
	722	+|721 |02:03:03,930 ~-~-> 02:03:12,240 |your trade. Notice that we have the high formed in London here. We didn't get any kind of a rally on this day. So we couldn't do any country. There was no
	723	+|722 |02:03:12,240 ~-~-> 02:03:27,660 |opportunity there in New York. Nothing really to speak of air either. Again, this is that same day where it could have you DOD is classified as an illusion
	724	+|723 |02:03:27,660 ~-~-> 02:03:42,300 |that you would have lost money on that. The London session creates the high here. Here's New York at 6am. We see a rally the rally up to what old support
	725	+|724 |02:03:42,300 ~-~-> 02:03:47,220 |broken becomes what resistance. Okay.
	726	+|725 |02:04:00,780 ~-~-> 02:04:17,520 |Hi, today in London, New York. You want to see what a rally after 6am or 11 GMT, there's a rally into old resistance. So you have a five minute optimal trade
	727	+|726 |02:04:17,520 ~-~-> 02:04:31,530 |entry in here you could have scaled into even with smaller risk but you're also playing up against this old low using the bodies of the candles right there.
	728	+|727 |02:04:32,370 ~-~-> 02:04:42,990 |Okay, so you took out an old low broke through it came back fine as us support broken turn resistance and we had another trade through and even blew through it
	729	+|728 |02:04:42,990 ~-~-> 02:04:51,510 |just a little bit until nice of them. Nice they were about doing that. Right there's the highs that are equal. Now I told you the best moves occur after the
	730	+|729 |02:04:51,510 ~-~-> 02:05:03,990 |stop read stops gonna be read above that or at that tie down and goes okay. And this is in the Donald Trump's of summer guys, and this is August. This I mean,
	731	+|730 |02:05:04,440 ~-~-> 02:05:14,910 |not August starting in July, July and August really, really crummiest in terms of volatility, it's really nasty in terms of cleanness in terms of where price
	732	+|731 |02:05:14,910 ~-~-> 02:05:26,730 |can go perfectly in turn around. That's why a lot of weight is mainly placed on the daily and even weekly charts really, because they don't give you the
	733	+|732 |02:05:26,790 ~-~-> 02:05:37,830 |framework that you need to have for these large institutions to be behind your trades. So while we basically looked at targeting time of day power, three Judah
	734	+|733 |02:05:37,830 ~-~-> 02:05:49,080 |swings how to fly with both not only the New York session, but the London session as well. We talked about the the mapping aspect of putting the boxes on
	735	+|734 |02:05:49,110 ~-~-> 02:05:58,440 |your chart, like we have here, this orange box and what it means, okay, and again, it's to bracket out a pocket of price action, that the higher timeframes
	736	+|735 |02:05:58,470 ~-~-> 02:06:08,940 |are telling us, the direction is most likely going to be. And in this case, we mapped out that it was going lower. So while we're in the intraday perspective,
	737	+|736 |02:06:09,330 ~-~-> 02:06:18,810 |we are cognizant of the lower timeframe, I'm sorry, the higher timeframes moving lower. So we want to be more focused in on finding sell scenarios at specific
	738	+|737 |02:06:18,810 ~-~-> 02:06:32,580 |times of the day. with specific, you know, reoccurring themes that we there be the apple trading sheet or the turtle suit. It would be advantageous for you to
	739	+|738 |02:06:32,730 ~-~-> 02:06:42,330 |study market profiling to a great degree. And I mean by that is markets move from consolidation, to trend to reversal, okay, there's only three things that
	740	+|739 |02:06:42,330 ~-~-> 02:06:52,170 |can happen. The markets either go sideways in a range, or it's going to trend and break out basically, or once again, once it hits a resistance or support of
	741	+|740 |02:06:52,170 ~-~-> 02:07:01,560 |greater measure, it'll reverse near the only three things that can happen with price. It's either going sideways, it's going up, or it's going down and based
	742	+|741 |02:07:01,560 ~-~-> 02:07:14,400 |on the three primary profiles, which is consolidation, which is range bound, okay? And you see that here, here is consolidation. Okay, reversal, trend
	743	+|742 |02:07:16,140 ~-~-> 02:07:17,040 |consolidation.
	744	+|743 |02:07:25,560 ~-~-> 02:07:41,760 |Here, we have a reversal, old high sticking out, reversal. So we're in consolidation, reversal, trade, lower trending, consolidation, trending,
	745	+|744 |02:07:41,790 ~-~-> 02:07:54,690 |reversal, consolidation, trending, reversal, consolidating, trending, consolidating,
	746	+|745 |02:07:56,070 ~-~-> 02:07:56,790 |reversal,
	747	+|746 |02:07:59,130 ~-~-> 02:08:10,020 |consolidating, trending, if you only want to call that now we're in consolidation again, okay, so by understanding where we're at in the cycle, and
	748	+|747 |02:08:10,020 ~-~-> 02:08:19,740 |there's no real repeating, consolidation, trend reversal, okay. But it does go from consolidation to trend, that before you see a trend, there's a
	749	+|748 |02:08:19,740 ~-~-> 02:08:28,860 |consolidation. And inside the consolidation is where all the Smart Money accumulation is being done, whether it be buying and selling. So hopefully, this
	750	+|749 |02:08:28,860 ~-~-> 02:08:39,960 |has been insightful to you guys. Obviously, understanding seasonal tendencies and honestly, if you if you do a search on more research, and that's N o r e, he
	751	+|750 |02:08:39,960 ~-~-> 02:08:50,340 |has, in my opinion, the best seasonal tendency stuff there is. But you can pull up seasonal tendency, graphs on every everything from commodities, to currencies
	752	+|751 |02:08:50,340 ~-~-> 02:08:58,950 |and searching oil, if you're trading crude oil, gold, silver, all that stuff, he has all that stuff. And if you just Google it on the internet, you can find all
	753	+|752 |02:08:58,950 ~-~-> 02:09:08,460 |that stuff. But applying seasonal tendencies to you the higher timeframes as well kind of gets you in set for when there's a likely buy or sell, forget to
	754	+|753 |02:09:08,850 ~-~-> 02:09:18,330 |come under way, a lot, a lot of my longer term analysis where I've called major highs and lows, and where they're most likely gonna form and then move into a
	755	+|754 |02:09:18,330 ~-~-> 02:09:27,390 |new buying opportunity or selling opportunity that's really hinged on the CIT data, and seasonal seasonal tendencies. with higher level support resistance.
	756	+|755 |02:09:27,390 ~-~-> 02:09:38,100 |That's all it is, guys, that's really all it is. And by having these tools combined together, applying them will give you a huge edge that just the retail
	757	+|756 |02:09:38,100 ~-~-> 02:09:47,970 |traders just simply don't even exist in terms of you know, they don't even know this is this level of precision is available. Okay. And when we go into the
	758	+|757 |02:09:47,970 ~-~-> 02:09:57,990 |fall, and we trade through the winter months and early spring, the liquidity that is available, then you'll see because we're gonna be doing it live over my
	759	+|758 |02:09:57,990 ~-~-> 02:10:05,400 |shoulder and you'll see all these things happening. In advance of setting up the all the moves and what we anticipate seeing and all that stuff, when that when
	760	+|759 |02:10:05,400 ~-~-> 02:10:14,760 |that happens, it will be a learning experience unlike any other for you. And I'm going to close my teaching out this year with this, because obviously, you know,
	761	+|760 |02:10:14,760 ~-~-> 02:10:24,660 |as a mentor, I'm retiring, and 2015 will be the beginning of my life away from teaching. But my resources will be still available on the internet, obviously,
	762	+|761 |02:10:24,690 ~-~-> 02:10:36,450 |my email address, you can always reach me at ICT at the inner circle trader calm and as a backup email address, inner circle trader@gmail.com. And obviously,
	763	+|762 |02:10:36,450 ~-~-> 02:10:46,530 |with everything that we've shared in here, this is this massive, massive comments, condensing, condensing rather, of all the materials that I've been
	764	+|763 |02:10:46,530 ~-~-> 02:10:55,320 |sharing over the last four years, there's much, much more that could be done in terms of reviewing and go on and on. But it would take me another four years to
	765	+|764 |02:10:55,320 ~-~-> 02:11:04,350 |do it, you know me. So we'll be doing a lot of application which will help you get up to speed. But for those that are just now warmed up to my material, this
	766	+|765 |02:11:04,350 ~-~-> 02:11:12,000 |kind of like is like an overview, if you will a real Crash Course of the things that we do, and we've done for the last four years. And you'll start to see
	767	+|766 |02:11:12,030 ~-~-> 02:11:18,900 |everything I talked about in real time, it won't be made up, it'll be all hinged on the stuff that's been talked about for the last four years and documented on
	768	+|767 |02:11:19,020 ~-~-> 02:11:26,610 |what internet I mean, it's not like, you know, just start tweaking these things every every day to make it work better. This is the stuff that's in my
	769	+|768 |02:11:26,610 ~-~-> 02:11:33,780 |repertoire. It's stuff that I used to trade, it's stuff that other traders have been using for a long period of time to hair familiar with my stuff, and they
	770	+|769 |02:11:33,840 ~-~-> 02:11:44,220 |are doing very well. So I'm gonna close it here. This ends our series on what every new endorsed buying for our trader wants to know, recap or review. And now
	771	+|770 |02:11:44,220 ~-~-> 02:11:53,280 |everything going forward will be real time doing the drills, doing all the research projects and all the stuff that's necessary for you. But I'm condensing
	772	+|771 |02:11:53,280 ~-~-> 02:11:59,670 |what you should be done for six months into just one month. So by the time we're in the second week of September, we'll be in the swing of things with live
	773	+|772 |02:11:59,670 ~-~-> 02:12:03,900 |trading with a Live account. So with that, guys, we wish you good luck and good trading.
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16		-
17		-5
18		-00:00:25,679 ~-~-> 00:00:28,769
19		-really condensed a lot of material. And
20		-
21		-6
22		-00:00:28,769 ~-~-> 00:00:31,679
23		-it's not intended to replace going
24		-
25		-7
26		-00:00:31,679 ~-~-> 00:00:33,659
27		-through all the old material but it's
28		-
29		-8
30		-00:00:33,659 ~-~-> 00:00:36,509
31		-simply a means for me to get you back up
32		-
33		-9
34		-00:00:36,509 ~-~-> 00:00:39,149
35		-to speed with the core essential tenants
36		-
37		-10
38		-00:00:39,149 ~-~-> 00:00:41,939
39		-to what I use when I do my trading, my
40		-
41		-11
42		-00:00:41,939 ~-~-> 00:00:43,799
43		-analysis concepts and how I arrive at
44		-
45		-12
46		-00:00:43,799 ~-~-> 00:00:47,639
47		-the ideas about the marketplace and in
48		-
49		-13
50		-00:00:47,849 ~-~-> 00:00:50,729
51		-what framework I utilize to arrive at
52		-
53		-14
54		-00:00:50,729 ~-~-> 00:00:56,189
55		-that, that opinion. Before we go into
56		-
57		-15
58		-00:00:56,189 ~-~-> 00:00:58,979
59		-the material for this final stage of the
60		-
61		-16
62		-00:00:59,099 ~-~-> 00:01:01,439
63		-presentations, It's important to
64		-
65		-17
66		-00:01:01,439 ~-~-> 00:01:06,779
67		-understand that this is obviously a much
68		-
69		-18
70		-00:01:07,349 ~-~-> 00:01:13,349
71		-of an abbreviated form of study,
72		-
73		-19
74		-00:01:13,379 ~-~-> 00:01:15,419
75		-obviously, each one of the components I
76		-
77		-20
78		-00:01:15,419 ~-~-> 00:01:17,309
79		-deal with here, and some of the things
80		-
81		-21
82		-00:01:17,309 ~-~-> 00:01:20,099
83		-I've left out like traders, Trinity, and
84		-
85		-22
86		-00:01:20,489 ~-~-> 00:01:22,979
87		-like the overall pattern, and the
88		-
89		-23
90		-00:01:23,309 ~-~-> 00:01:25,979
91		-stinger patterns, all that are unique to
92		-
93		-24
94		-00:01:25,979 ~-~-> 00:01:28,109
95		-me and my material. I left those out for
96		-
97		-25
98		-00:01:28,109 ~-~-> 00:01:31,289
99		-a reason because I think a majority of
100		-
101		-26
102		-00:01:31,289 ~-~-> 00:01:35,009
103		-the participants and and members of our
104		-
105		-27
106		-00:01:35,579 ~-~-> 00:01:37,499
107		-community, inner circle trader
108		-
109		-28
110		-00:01:37,499 ~-~-> 00:01:41,999
111		-community, they have been exposed to a
112		-
113		-29
114		-00:01:41,999 ~-~-> 00:01:44,879
115		-lot of information. And because I've
116		-
117		-30
118		-00:01:44,879 ~-~-> 00:01:47,009
119		-been involved with trading for 20 years,
120		-
121		-31
122		-00:01:47,249 ~-~-> 00:01:50,129
123		-I have a lot of tools in my repertoire.
124		-
125		-32
126		-00:01:50,579 ~-~-> 00:01:55,469
127		-But not every tool is applicable to
128		-
129		-33
130		-00:01:55,499 ~-~-> 00:01:58,409
131		-every trader. And I'm cognizant of that
132		-
133		-34
134		-00:01:58,469 ~-~-> 00:02:00,689
135		-and much more. So now because of The
136		-
137		-35
138		-00:02:00,719 ~-~-> 00:02:03,239
139		-large degree of feedback I've received
140		-
141		-36
142		-00:02:03,599 ~-~-> 00:02:05,969
143		-from the participants in the study of my
144		-
145		-37
146		-00:02:05,969 ~-~-> 00:02:09,179
147		-material, I am guilty of wanting to
148		-
149		-38
150		-00:02:09,179 ~-~-> 00:02:11,339
151		-share everything and sometimes much
152		-
153		-39
154		-00:02:11,339 ~-~-> 00:02:12,989
155		-faster even though it doesn't seem like
156		-
157		-40
158		-00:02:12,989 ~-~-> 00:02:15,929
159		-it's going fast for a lot of you, it
160		-
161		-41
162		-00:02:15,929 ~-~-> 00:02:17,789
163		-takes a lot of time to digest this
164		-
165		-42
166		-00:02:17,789 ~-~-> 00:02:21,269
167		-material. And it's, it's foolish to
168		-
169		-43
170		-00:02:21,269 ~-~-> 00:02:23,309
171		-think just simply having a video to
172		-
173		-44
174		-00:02:23,909 ~-~-> 00:02:25,559
175		-watching and then suddenly sitting in
176		-
177		-45
178		-00:02:25,559 ~-~-> 00:02:26,639
179		-front of your charts, you're just going
180		-
181		-46
182		-00:02:26,639 ~-~-> 00:02:28,379
183		-to be a Maven, and just go in here and
184		-
185		-47
186		-00:02:28,379 ~-~-> 00:02:30,479
187		-start taking out pips and you know, and
188		-
189		-48
190		-00:02:30,479 ~-~-> 00:02:32,099
191		-just roll in the markets. And that's not
192		-
193		-49
194		-00:02:32,099 ~-~-> 00:02:34,679
195		-how it works. You have to have certain
196		-
197		-50
198		-00:02:34,679 ~-~-> 00:02:36,419
199		-tools and applications that resonate
200		-
201		-51
202		-00:02:36,449 ~-~-> 00:02:41,759
203		-very close to your own persona and your
204		-
205		-52
206		-00:02:41,759 ~-~-> 00:02:44,369
207		-psyche as a trader. And what I did was
208		-
209		-53
210		-00:02:44,369 ~-~-> 00:02:47,579
211		-is I went back to the core roots of all
212		-
213		-54
214		-00:02:47,579 ~-~-> 00:02:49,649
215		-of my success and it just simply goes
216		-
217		-55
218		-00:02:49,649 ~-~-> 00:02:51,329
219		-back to support resistance,
220		-
221		-56
222		-00:02:51,479 ~-~-> 00:02:54,779
223		-understanding macro, fundamental, driven
224		-
225		-57
226		-00:02:55,019 ~-~-> 00:02:57,719
227		-trends which are higher timeframe based
228		-
229		-58
230		-00:02:57,719 ~-~-> 00:03:01,139
231		-only at monthly, weekly, daily. And by
232		-
233		-59
234		-00:03:01,139 ~-~-> 00:03:05,639
235		-having that as your foundation, a lot of
236		-
237		-60
238		-00:03:05,639 ~-~-> 00:03:07,739
239		-the shorter term timeframe, analysis
240		-
241		-61
242		-00:03:07,739 ~-~-> 00:03:12,119
243		-concepts will be much more accurate,
244		-
245		-62
246		-00:03:12,329 ~-~-> 00:03:15,089
247		-much more sensitive to your needs as a
248		-
249		-63
250		-00:03:15,089 ~-~-> 00:03:17,129
251		-trader and understanding what it is that
252		-
253		-64
254		-00:03:17,129 ~-~-> 00:03:19,079
255		-you are trying to accomplish as a
256		-
257		-65
258		-00:03:19,079 ~-~-> 00:03:23,159
259		-trader. The previous sessions we've
260		-
261		-66
262		-00:03:23,159 ~-~-> 00:03:25,619
263		-obviously went through a large degree of
264		-
265		-67
266		-00:03:25,649 ~-~-> 00:03:28,079
267		-material pertaining to directional
268		-
269		-68
270		-00:03:28,079 ~-~-> 00:03:30,389
271		-premise. I think if there's any one
272		-
273		-69
274		-00:03:30,389 ~-~-> 00:03:32,819
275		-question I get more sent to me by way of
276		-
277		-70
278		-00:03:32,819 ~-~-> 00:03:35,939
279		-Twitter or emails, it's how do I know
280		-
281		-71
282		-00:03:35,939 ~-~-> 00:03:37,289
283		-which direction the market is going to
284		-
285		-72
286		-00:03:37,289 ~-~-> 00:03:40,889
287		-go today? And while I'm not 100%
288		-
289		-73
290		-00:03:40,889 ~-~-> 00:03:44,159
291		-accurate, every single day, my tools
292		-
293		-74
294		-00:03:44,189 ~-~-> 00:03:46,169
295		-guide me in a manner where I'm in the
296		-
297		-75
298		-00:03:46,169 ~-~-> 00:03:48,269
299		-Upper 90% bracket in terms of
300		-
301		-76
302		-00:03:48,269 ~-~-> 00:03:50,909
303		-directional premise, and there's really
304		-
305		-77
306		-00:03:50,909 ~-~-> 00:03:54,419
307		-no there's no mystery as to why that is
308		-
309		-78
310		-00:03:54,419 ~-~-> 00:03:57,479
311		-simply because I'm disciplined enough
312		-
313		-79
314		-00:03:57,719 ~-~-> 00:04:02,609
315		-and I trust the tools To allow the
316		-
317		-80
318		-00:04:03,599 ~-~-> 00:04:07,259
319		-adherence to a certain frame of mind
320		-
321		-81
322		-00:04:07,259 ~-~-> 00:04:10,139
323		-going into the study of price. At the
324		-
325		-82
326		-00:04:10,139 ~-~-> 00:04:12,959
327		-higher time frame trends tend to stay in
328		-
329		-83
330		-00:04:12,959 ~-~-> 00:04:15,059
331		-one direction or another for a long
332		-
333		-84
334		-00:04:15,059 ~-~-> 00:04:17,099
335		-period of time, there may be minor
336		-
337		-85
338		-00:04:17,099 ~-~-> 00:04:19,379
339		-corrections or pauses in between, but
340		-
341		-86
342		-00:04:19,379 ~-~-> 00:04:22,409
343		-generally, the macro major trends are
344		-
345		-87
346		-00:04:22,409 ~-~-> 00:04:24,959
347		-tides, if you will, those waters tend to
348		-
349		-88
350		-00:04:24,959 ~-~-> 00:04:27,209
351		-keep moving in in the same direction for
352		-
353		-89
354		-00:04:27,209 ~-~-> 00:04:28,739
355		-a long period of time until they hit a
356		-
357		-90
358		-00:04:28,739 ~-~-> 00:04:32,339
359		-greater or equal resistance in terms of
360		-
361		-91
362		-00:04:32,339 ~-~-> 00:04:35,309
363		-their support or resistance or to
364		-
365		-92
366		-00:04:35,579 ~-~-> 00:04:40,559
367		-political or economic, you know, front
368		-
369		-93
370		-00:04:41,159 ~-~-> 00:04:42,959
371		-changes because of you know, something,
372		-
373		-94
374		-00:04:43,049 ~-~-> 00:04:45,689
375		-you know, large scale war, something
376		-
377		-95
378		-00:04:45,689 ~-~-> 00:04:47,909
379		-like that comes out. The,
380		-
381		-96
382		-00:04:48,960 ~-~-> 00:04:49,950
383		-the concepts that we're gonna be
384		-
385		-97
386		-00:04:49,950 ~-~-> 00:04:52,440
387		-discussing in this last one will be a
388		-
389		-98
390		-00:04:52,440 ~-~-> 00:04:55,200
391		-little bit of combining all this stuff
392		-
393		-99
394		-00:04:55,200 ~-~-> 00:04:58,140
395		-together. And a couple other points that
396		-
397		-100
398		-00:04:58,170 ~-~-> 00:05:00,090
399		-I didn't bring up earlier, but We're
400		-
401		-101
402		-00:05:00,090 ~-~-> 00:05:01,410
403		-going to be much more Paramount now
404		-
405		-102
406		-00:05:01,410 ~-~-> 00:05:02,670
407		-because we're gonna be doing a lot more
408		-
409		-103
410		-00:05:02,670 ~-~-> 00:05:05,460
411		-of the execution stage of all the tools.
412		-
413		-104
414		-00:05:05,940 ~-~-> 00:05:07,530
415		-And the first one I'm talking about is
416		-
417		-105
418		-00:05:07,560 ~-~-> 00:05:10,560
419		-risk on or risk off. And if you don't
420		-
421		-106
422		-00:05:10,560 ~-~-> 00:05:12,720
423		-know what that is, obviously, in a risk
424		-
425		-107
426		-00:05:12,720 ~-~-> 00:05:15,150
427		-on environment, that's typically when
428		-
429		-108
430		-00:05:15,150 ~-~-> 00:05:17,880
431		-you see equities stocks and such
432		-
433		-109
434		-00:05:18,090 ~-~-> 00:05:21,420
435		-commodities and higher yielding
436		-
437		-110
438		-00:05:21,420 ~-~-> 00:05:23,550
439		-currencies, okay, they will tend to
440		-
441		-111
442		-00:05:23,550 ~-~-> 00:05:27,540
443		-rally or move higher up in price, while
444		-
445		-112
446		-00:05:27,540 ~-~-> 00:05:29,700
447		-the dollar generally will be moving
448		-
449		-113
450		-00:05:29,730 ~-~-> 00:05:33,330
451		-down, okay, because it's commonly viewed
452		-
453		-114
454		-00:05:33,330 ~-~-> 00:05:35,070
455		-and I hate to say it like this because
456		-
457		-115
458		-00:05:35,070 ~-~-> 00:05:36,720
459		-the dollar has been beaten up over the
460		-
461		-116
462		-00:05:36,720 ~-~-> 00:05:38,850
463		-last couple decades really, because it's
464		-
465		-117
466		-00:05:38,850 ~-~-> 00:05:41,700
467		-really fallen out of favor in terms of a
468		-
469		-118
470		-00:05:41,700 ~-~-> 00:05:46,020
471		-lot of the the global countries, they
472		-
473		-119
474		-00:05:46,020 ~-~-> 00:05:48,030
475		-don't really have a lot of faith in the
476		-
477		-120
478		-00:05:48,030 ~-~-> 00:05:50,250
479		-United States in our economy. And I
480		-
481		-121
482		-00:05:50,250 ~-~-> 00:05:51,930
483		-think it's justified in a lot of ways.
484		-
485		-122
486		-00:05:51,930 ~-~-> 00:05:54,120
487		-But as it is right now, the greenback
488		-
489		-123
490		-00:05:54,120 ~-~-> 00:05:57,210
491		-still is the reserve currency. It may
492		-
493		-124
494		-00:05:57,210 ~-~-> 00:05:59,490
495		-not be that way for very long but it's
496		-
497		-125
498		-00:05:59,520 ~-~-> 00:06:01,440
499		-it is at The time of this recording in
500		-
501		-126
502		-00:06:01,440 ~-~-> 00:06:07,200
503		-2014. If we are expecting firmer prices
504		-
505		-127
506		-00:06:07,200 ~-~-> 00:06:09,990
507		-in the dollar, that would equate to a
508		-
509		-128
510		-00:06:10,380 ~-~-> 00:06:12,510
511		-risk off scenario. And that would
512		-
513		-129
514		-00:06:12,630 ~-~-> 00:06:15,030
515		-translate in the form of lower equity or
516		-
517		-130
518		-00:06:15,030 ~-~-> 00:06:17,580
519		-stock prices, lower higher yielding
520		-
521		-131
522		-00:06:17,640 ~-~-> 00:06:21,330
523		-foreign currencies and commodity prices
524		-
525		-132
526		-00:06:21,330 ~-~-> 00:06:24,900
527		-dropping. Okay and you don't have to go
528		-
529		-133
530		-00:06:24,900 ~-~-> 00:06:27,390
531		-crazy and have every single commodity in
532		-
533		-134
534		-00:06:27,390 ~-~-> 00:06:29,730
535		-every single stock up in every single
536		-
537		-135
538		-00:06:29,730 ~-~-> 00:06:35,010
539		-indicee. Okay for stock index, you just
540		-
541		-136
542		-00:06:35,010 ~-~-> 00:06:38,310
543		-need a few and that will give you a
544		-
545		-137
546		-00:06:38,310 ~-~-> 00:06:41,130
547		-clear depiction every single day with
548		-
549		-138
550		-00:06:41,130 ~-~-> 00:06:43,050
551		-the accompany of the US dollar.
552		-
553		-139
554		-00:06:43,050 ~-~-> 00:06:44,430
555		-Obviously what we're showing here is the
556		-
557		-140
558		-00:06:44,430 ~-~-> 00:06:47,550
559		-US dollar daily chart. And if you're
560		-
561		-141
562		-00:06:47,550 ~-~-> 00:06:49,110
563		-familiar with a lot of my market reviews
564		-
565		-142
566		-00:06:49,110 ~-~-> 00:06:52,440
567		-or my commentary, I generally have this
568		-
569		-143
570		-00:06:52,500 ~-~-> 00:06:55,470
571		-most often very first thing I talk about
572		-
573		-144
574		-00:06:55,500 ~-~-> 00:06:58,470
575		-is the dollar because it is like my
576		-
577		-145
578		-00:06:58,470 ~-~-> 00:07:01,410
579		-barometer, it tells me Are we in a
580		-
581		-146
582		-00:07:02,100 ~-~-> 00:07:03,330
583		-trending environment? Are we in a
584		-
585		-147
586		-00:07:03,330 ~-~-> 00:07:05,040
587		-consolidation environment? Are we in a
588		-
589		-148
590		-00:07:05,040 ~-~-> 00:07:06,870
591		-risk on a risk off environment? There's
592		-
593		-149
594		-00:07:06,870 ~-~-> 00:07:09,270
595		-a lot of information that is derived by
596		-
597		-150
598		-00:07:09,270 ~-~-> 00:07:11,460
599		-this simply understanding the dollar.
600		-
601		-151
602		-00:07:11,760 ~-~-> 00:07:13,530
603		-And especially because I trade the
604		-
605		-152
606		-00:07:13,530 ~-~-> 00:07:16,590
607		-majors in forex, it's going to be
608		-
609		-153
610		-00:07:16,590 ~-~-> 00:07:18,120
611		-paramount in my understanding of where
612		-
613		-154
614		-00:07:18,120 ~-~-> 00:07:20,220
615		-price is most likely going to go today,
616		-
617		-155
618		-00:07:20,370 ~-~-> 00:07:22,980
619		-if not for the next few days or even
620		-
621		-156
622		-00:07:23,340 ~-~-> 00:07:25,980
623		-several months out. Depending upon the
624		-
625		-157
626		-00:07:25,980 ~-~-> 00:07:27,330
627		-level of trader, you're going to be if
628		-
629		-158
630		-00:07:27,330 ~-~-> 00:07:28,350
631		-you're going to be a long term position
632		-
633		-159
634		-00:07:28,350 ~-~-> 00:07:30,600
635		-trader, short term trader swing trader
636		-
637		-160
638		-00:07:30,600 ~-~-> 00:07:33,000
639		-or a day trader scalper, it doesn't make
640		-
641		-161
642		-00:07:33,000 ~-~-> 00:07:36,180
643		-sense not to at least reference the
644		-
645		-162
646		-00:07:36,180 ~-~-> 00:07:38,250
647		-higher timeframe dollar and higher
648		-
649		-163
650		-00:07:38,250 ~-~-> 00:07:41,910
651		-timeframe currency pairs that you are
652		-
653		-164
654		-00:07:41,940 ~-~-> 00:07:44,040
655		-intending to trade. Okay, having that
656		-
657		-165
658		-00:07:44,040 ~-~-> 00:07:47,160
659		-macro view is essential in my opinion,
660		-
661		-166
662		-00:07:47,490 ~-~-> 00:07:49,800
663		-to having longevity as a trader and
664		-
665		-167
666		-00:07:49,800 ~-~-> 00:07:51,600
667		-obviously the what everybody wants which
668		-
669		-168
670		-00:07:51,600 ~-~-> 00:07:55,050
671		-is high accuracy, and directional
672		-
673		-169
674		-00:07:55,050 ~-~-> 00:07:56,430
675		-premise, okay, and there's a lot of
676		-
677		-170
678		-00:07:56,460 ~-~-> 00:07:59,370
679		-weight placed on directional premise for
680		-
681		-171
682		-00:07:59,370 ~-~-> 00:08:01,200
683		-new traders and I Get it. I did the same
684		-
685		-172
686		-00:08:01,200 ~-~-> 00:08:03,270
687		-thing I just wanted to know, okay, is it
688		-
689		-173
690		-00:08:03,270 ~-~-> 00:08:05,580
691		-going to go up or it's going to go down.
692		-
693		-174
694		-00:08:05,850 ~-~-> 00:08:08,520
695		-And you have all heard the story, I
696		-
697		-175
698		-00:08:08,520 ~-~-> 00:08:10,350
699		-understood the market only going up when
700		-
701		-176
702		-00:08:10,350 ~-~-> 00:08:11,640
703		-I first started never understood that
704		-
705		-177
706		-00:08:11,640 ~-~-> 00:08:14,580
707		-you can make money going down. But in
708		-
709		-178
710		-00:08:14,580 ~-~-> 00:08:16,080
711		-the currency markets, obviously, you
712		-
713		-179
714		-00:08:16,080 ~-~-> 00:08:17,790
715		-know, because we are focusing pretty
716		-
717		-180
718		-00:08:17,790 ~-~-> 00:08:19,530
719		-much on the foreign exchange or Forex
720		-
721		-181
722		-00:08:19,530 ~-~-> 00:08:22,170
723		-markets. And this in a series, the
724		-
725		-182
726		-00:08:22,170 ~-~-> 00:08:23,880
727		-things that I'm discussing here
728		-
729		-183
730		-00:08:25,200 ~-~-> 00:08:27,720
731		-are pretty much universal, they apply to
732		-
733		-184
734		-00:08:27,720 ~-~-> 00:08:30,150
735		-every asset class that is tradable.
736		-
737		-185
738		-00:08:30,510 ~-~-> 00:08:32,970
739		-Okay, and you can use these ideas in
740		-
741		-186
742		-00:08:32,970 ~-~-> 00:08:35,310
743		-those other asset classes and your
744		-
745		-187
746		-00:08:35,310 ~-~-> 00:08:38,310
747		-trading. There are a few things that are
748		-
749		-188
750		-00:08:38,310 ~-~-> 00:08:41,910
751		-sensitive to the cable which is the
752		-
753		-189
754		-00:08:41,940 ~-~-> 00:08:44,430
755		-British Pound USD pair and the fiber
756		-
757		-190
758		-00:08:44,460 ~-~-> 00:08:47,640
759		-which is a Euro USD pair. Some of them
760		-
761		-191
762		-00:08:47,670 ~-~-> 00:08:51,510
763		-are time of day. And while the London
764		-
765		-192
766		-00:08:51,510 ~-~-> 00:08:54,270
767		-session, which is again I'll refer to
768		-
769		-193
770		-00:08:54,300 ~-~-> 00:08:58,020
771		-times in my own local time zone, so
772		-
773		-194
774		-00:08:58,020 ~-~-> 00:09:00,630
775		-you'll have to translate that Where you
776		-
777		-195
778		-00:09:00,630 ~-~-> 00:09:03,540
779		-are in relationship to me around the
780		-
781		-196
782		-00:09:03,540 ~-~-> 00:09:05,460
783		-globe, because it's too difficult for me
784		-
785		-197
786		-00:09:05,460 ~-~-> 00:09:06,900
787		-to keep track of all you guys out there
788		-
789		-198
790		-00:09:06,900 ~-~-> 00:09:08,850
791		-and try to figure out what you should be
792		-
793		-199
794		-00:09:08,850 ~-~-> 00:09:10,350
795		-setting your charts up for and what time
796		-
797		-200
798		-00:09:10,350 ~-~-> 00:09:14,160
799		-it would be. You know, in respect to
800		-
801		-201
802		-00:09:14,190 ~-~-> 00:09:17,310
803		-what I'm doing, okay, so when I say two
804		-
805		-202
806		-00:09:17,310 ~-~-> 00:09:20,070
807		-o'clock in the morning, and four o'clock
808		-
809		-203
810		-00:09:20,070 ~-~-> 00:09:22,170
811		-in the morning, okay, that's like the
812		-
813		-204
814		-00:09:22,170 ~-~-> 00:09:24,630
815		-sweet spot ICT kill zone for London
816		-
817		-205
818		-00:09:24,630 ~-~-> 00:09:27,630
819		-open. Now, obviously, it could start an
820		-
821		-206
822		-00:09:27,660 ~-~-> 00:09:30,540
823		-hour before that. Or it could last as
824		-
825		-207
826		-00:09:30,540 ~-~-> 00:09:34,200
827		-long as 5am New York time against all
828		-
829		-208
830		-00:09:34,200 ~-~-> 00:09:36,810
831		-New York standard. My Local United
832		-
833		-209
834		-00:09:36,810 ~-~-> 00:09:38,580
835		-States, North America, East Coast time.
836		-
837		-210
838		-00:09:38,790 ~-~-> 00:09:40,980
839		-Okay. So the easiest way to do it is set
840		-
841		-211
842		-00:09:40,980 ~-~-> 00:09:43,500
843		-a clock. Get yourself a little, you
844		-
845		-212
846		-00:09:43,500 ~-~-> 00:09:45,390
847		-know, desktop application, you can phone
848		-
849		-213
850		-00:09:45,390 ~-~-> 00:09:48,000
851		-your computer. smartphones, you can put
852		-
853		-214
854		-00:09:48,000 ~-~-> 00:09:51,030
855		-a world clock on. I had every world
856		-
857		-215
858		-00:09:51,030 ~-~-> 00:09:55,080
859		-clock for the say the asian session, the
860		-
861		-216
862		-00:09:55,080 ~-~-> 00:10:00,870
863		-Sydney session, the Frankfort session. I
864		-
865		-217
866		-00:10:00,870 ~-~-> 00:10:02,220
867		-have I basically have all the major
868		-
869		-218
870		-00:10:02,220 ~-~-> 00:10:05,190
871		-timezone on my world clock on my iPhone.
872		-
873		-219
874		-00:10:05,460 ~-~-> 00:10:07,980
875		-And I just look at certain times of the
876		-
877		-220
878		-00:10:07,980 ~-~-> 00:10:09,750
879		-day when certain moves take place. And
880		-
881		-221
882		-00:10:10,770 ~-~-> 00:10:12,240
883		-you can do that same thing by just
884		-
885		-222
886		-00:10:12,240 ~-~-> 00:10:13,920
887		-simply saying, Okay, look, this is ICT
888		-
889		-223
890		-00:10:13,920 ~-~-> 00:10:16,470
891		-zone. Okay, this is what this is what
892		-
893		-224
894		-00:10:16,470 ~-~-> 00:10:18,060
895		-Michaels viewing in terms of price
896		-
897		-225
898		-00:10:18,060 ~-~-> 00:10:20,100
899		-action. You don't have to continue doing
900		-
901		-226
902		-00:10:20,100 ~-~-> 00:10:22,080
903		-that for years from now. Okay,
904		-
905		-227
906		-00:10:22,080 ~-~-> 00:10:23,910
907		-obviously, if you're trying to learn my
908		-
909		-228
910		-00:10:24,240 ~-~-> 00:10:25,830
911		-understanding of the marketplace and my
912		-
913		-229
914		-00:10:25,830 ~-~-> 00:10:28,230
915		-concepts, it'll be a lot easier for you
916		-
917		-230
918		-00:10:28,230 ~-~-> 00:10:31,380
919		-to get in sync with me, because I'm on
920		-
921		-231
922		-00:10:31,590 ~-~-> 00:10:33,690
923		-New York time. So everything that I view
924		-
925		-232
926		-00:10:33,690 ~-~-> 00:10:36,630
927		-the marketplace, as in deference to time
928		-
929		-233
930		-00:10:36,720 ~-~-> 00:10:39,750
931		-will be hinged upon what time is it in
932		-
933		-234
934		-00:10:39,750 ~-~-> 00:10:42,120
935		-New York. I live in Maryland, but I'm in
936		-
937		-235
938		-00:10:42,120 ~-~-> 00:10:47,010
939		-the timezone that New York is UTIs. So
940		-
941		-236
942		-00:10:47,010 ~-~-> 00:10:49,800
943		-now, let's talk about risk on and risk
944		-
945		-237
946		-00:10:49,800 ~-~-> 00:10:53,700
947		-off. Okay, assume for a moment that when
948		-
949		-238
950		-00:10:53,700 ~-~-> 00:10:57,690
951		-we discuss risk on scenarios, that would
952		-
953		-239
954		-00:10:57,690 ~-~-> 00:11:00,600
955		-be indicative of price. action like
956		-
957		-240
958		-00:11:00,600 ~-~-> 00:11:04,080
959		-this. Okay when risk on is in the
960		-
961		-241
962		-00:11:04,080 ~-~-> 00:11:06,420
963		-marketplace, okay, you'll see the dollar
964		-
965		-242
966		-00:11:06,570 ~-~-> 00:11:10,800
967		-falling. Okay. When the dollar rallies,
968		-
969		-243
970		-00:11:11,250 ~-~-> 00:11:13,530
971		-anytime the price of the dollar is
972		-
973		-244
974		-00:11:13,530 ~-~-> 00:11:16,590
975		-rallying up, depending upon what time
976		-
977		-245
978		-00:11:16,590 ~-~-> 00:11:17,700
979		-frame you're referring to, obviously
980		-
981		-246
982		-00:11:17,700 ~-~-> 00:11:20,850
983		-this is a daily chart, this would be a
984		-
985		-247
986		-00:11:20,850 ~-~-> 00:11:23,940
987		-swing, okay in between this low and this
988		-
989		-248
990		-00:11:23,940 ~-~-> 00:11:27,270
991		-high, this would be classified as a risk
992		-
993		-249
994		-00:11:27,960 ~-~-> 00:11:31,560
995		-off scenario. Okay? Risk off would be
996		-
997		-250
998		-00:11:31,560 ~-~-> 00:11:33,240
999		-the dollar rallying. Now when this
1000		-
1001		-251
1002		-00:11:33,240 ~-~-> 00:11:36,870
1003		-occurs, okay imagine a children's
1004		-
1005		-252
1006		-00:11:36,870 ~-~-> 00:11:39,930
1007		-playground apparatus, okay, we probably
1008		-
1009		-253
1010		-00:11:39,930 ~-~-> 00:11:41,220
1011		-all wrote one of the children as a
1012		-
1013		-254
1014		-00:11:41,220 ~-~-> 00:11:44,130
1015		-child, one child gets on one end of the
1016		-
1017		-255
1018		-00:11:44,130 ~-~-> 00:11:45,840
1019		-seesaw and another child gets on the
1020		-
1021		-256
1022		-00:11:45,840 ~-~-> 00:11:47,490
1023		-other end of the seesaw. Okay, and what
1024		-
1025		-257
1026		-00:11:47,490 ~-~-> 00:11:49,410
1027		-will happen is the two children will
1028		-
1029		-258
1030		-00:11:49,920 ~-~-> 00:11:52,410
1031		-press off the ground and make the other
1032		-
1033		-259
1034		-00:11:52,410 ~-~-> 00:11:54,900
1035		-one rise up and back and forth goes on.
1036		-
1037		-260
1038		-00:11:55,170 ~-~-> 00:11:57,600
1039		-Well, that seemed tearing effect, okay.
1040		-
1041		-261
1042		-00:11:58,320 ~-~-> 00:12:01,110
1043		-It's like a scale as well. If the dollar
1044		-
1045		-262
1046		-00:12:01,110 ~-~-> 00:12:02,880
1047		-goes up, foreign currencies go down,
1048		-
1049		-263
1050		-00:12:03,090 ~-~-> 00:12:04,920
1051		-okay? If the dollar goes down, foreign
1052		-
1053		-264
1054		-00:12:04,920 ~-~-> 00:12:07,380
1055		-currencies go up. It's very, very simple
1056		-
1057		-265
1058		-00:12:07,380 ~-~-> 00:12:09,390
1059		-but many times new traders that are
1060		-
1061		-266
1062		-00:12:09,540 ~-~-> 00:12:11,400
1063		-first introduced to risk on risk off,
1064		-
1065		-267
1066		-00:12:11,700 ~-~-> 00:12:13,680
1067		-they overcomplicate it and they try to
1068		-
1069		-268
1070		-00:12:13,710 ~-~-> 00:12:15,600
1071		-make more than it really is. But the
1072		-
1073		-269
1074		-00:12:15,600 ~-~-> 00:12:17,430
1075		-easiest way to understand it is if the
1076		-
1077		-270
1078		-00:12:17,430 ~-~-> 00:12:20,280
1079		-dollar is going up everything else,
1080		-
1081		-271
1082		-00:12:20,490 ~-~-> 00:12:22,890
1083		-whether it be equities, whether it be
1084		-
1085		-272
1086		-00:12:23,760 ~-~-> 00:12:27,180
1087		-foreign currencies, commodities, okay?
1088		-
1089		-273
1090		-00:12:27,480 ~-~-> 00:12:28,980
1091		-Those will be going the opposite
1092		-
1093		-274
1094		-00:12:28,980 ~-~-> 00:12:31,110
1095		-direction. Okay. And the easiest way to
1096		-
1097		-275
1098		-00:12:31,110 ~-~-> 00:12:34,500
1099		-understand it is risk on is when dollar
1100		-
1101		-276
1102		-00:12:34,500 ~-~-> 00:12:37,260
1103		-goes down. Okay? And that's basically a
1104		-
1105		-277
1106		-00:12:37,260 ~-~-> 00:12:41,550
1107		-flight from the dollar into a higher
1108		-
1109		-278
1110		-00:12:41,550 ~-~-> 00:12:44,970
1111		-yield seeking asset class. Okay? Because
1112		-
1113		-279
1114		-00:12:44,970 ~-~-> 00:12:47,010
1115		-it's viewed as more risky and the dollar
1116		-
1117		-280
1118		-00:12:47,010 ~-~-> 00:12:48,870
1119		-is a safe haven and I say that with
1120		-
1121		-281
1122		-00:12:48,870 ~-~-> 00:12:50,460
1123		-tongue in cheek obvious. I know most of
1124		-
1125		-282
1126		-00:12:50,460 ~-~-> 00:12:52,230
1127		-you who are, are thinking the same thing
1128		-
1129		-283
1130		-00:12:52,230 ~-~-> 00:12:55,380
1131		-I do. The dollar is nowhere near the
1132		-
1133		-284
1134		-00:12:55,380 ~-~-> 00:12:57,750
1135		-degree of benchmark like it used to be
1136		-
1137		-285
1138		-00:12:57,750 ~-~-> 00:13:01,800
1139		-but as it were, If the dollar is going
1140		-
1141		-286
1142		-00:13:01,860 ~-~-> 00:13:04,350
1143		-up, okay, that's going to be a risk off
1144		-
1145		-287
1146		-00:13:04,350 ~-~-> 00:13:06,810
1147		-scenario. And it's going to equate to
1148		-
1149		-288
1150		-00:13:06,810 ~-~-> 00:13:08,790
1151		-seeing lower stock prices, commodity
1152		-
1153		-289
1154		-00:13:08,790 ~-~-> 00:13:10,950
1155		-prices will be declining and foreign
1156		-
1157		-290
1158		-00:13:10,950 ~-~-> 00:13:12,630
1159		-currencies will be declining, okay. So
1160		-
1161		-291
1162		-00:13:12,630 ~-~-> 00:13:15,180
1163		-there's going to be a vice versa effect.
1164		-
1165		-292
1166		-00:13:15,540 ~-~-> 00:13:17,430
1167		-And that's the reason why I studied the
1168		-
1169		-293
1170		-00:13:17,430 ~-~-> 00:13:20,130
1171		-dollar first because it will give me the
1172		-
1173		-294
1174		-00:13:20,130 ~-~-> 00:13:22,320
1175		-beginning point or foundation for
1176		-
1177		-295
1178		-00:13:22,320 ~-~-> 00:13:24,420
1179		-understanding where the marketplace as a
1180		-
1181		-296
1182		-00:13:24,420 ~-~-> 00:13:27,960
1183		-whole should go. Okay, now, is it right
1184		-
1185		-297
1186		-00:13:27,960 ~-~-> 00:13:31,050
1187		-to the minute every time? No, okay, but
1188		-
1189		-298
1190		-00:13:31,050 ~-~-> 00:13:32,610
1191		-again, that's, that's the benefit of
1192		-
1193		-299
1194		-00:13:32,610 ~-~-> 00:13:34,170
1195		-using these higher timeframe charts,
1196		-
1197		-300
1198		-00:13:34,440 ~-~-> 00:13:36,630
1199		-monthly, weekly, daily, is because those
1200		-
1201		-301
1202		-00:13:36,630 ~-~-> 00:13:39,600
1203		-trends, there's macro trends. They tend
1204		-
1205		-302
1206		-00:13:39,600 ~-~-> 00:13:41,430
1207		-to exist for a long period of time and
1208		-
1209		-303
1210		-00:13:41,430 ~-~-> 00:13:45,570
1211		-it takes something with a real large
1212		-
1213		-304
1214		-00:13:45,570 ~-~-> 00:13:48,180
1215		-impact on price to cause it to stop
1216		-
1217		-305
1218		-00:13:48,180 ~-~-> 00:13:50,610
1219		-pause or even altogether reverse. Okay,
1220		-
1221		-306
1222		-00:13:50,610 ~-~-> 00:13:53,490
1223		-so I'm trying to teach you the
1224		-
1225		-307
1226		-00:13:53,490 ~-~-> 00:13:55,680
1227		-understanding of trusting the higher
1228		-
1229		-308
1230		-00:13:55,680 ~-~-> 00:13:57,600
1231		-time frame premise, especially when
1232		-
1233		-309
1234		-00:13:57,600 ~-~-> 00:13:59,310
1235		-you're looking at macro trends macro
1236		-
1237		-310
1238		-00:13:59,310 ~-~-> 00:14:01,380
1239		-trends. are going to be arrived at by
1240		-
1241		-311
1242		-00:14:01,380 ~-~-> 00:14:03,000
1243		-looking at high timeframe charts and
1244		-
1245		-312
1246		-00:14:03,000 ~-~-> 00:14:08,310
1247		-looking at asset class to indicee or
1248		-
1249		-313
1250		-00:14:08,340 ~-~-> 00:14:10,680
1251		-dollar based correlations. In other
1252		-
1253		-314
1254		-00:14:10,680 ~-~-> 00:14:11,670
1255		-words, if you're a stock trader,
1256		-
1257		-315
1258		-00:14:11,670 ~-~-> 00:14:14,160
1259		-obviously, if you're if you trade New
1260		-
1261		-316
1262		-00:14:14,160 ~-~-> 00:14:17,310
1263		-York or future American stocks, your
1264		-
1265		-317
1266		-00:14:17,310 ~-~-> 00:14:19,380
1267		-benchmark would be obviously the Dow 30,
1268		-
1269		-318
1270		-00:14:19,680 ~-~-> 00:14:22,560
1271		-the s&p 500 or the NASDAQ 100 Composite
1272		-
1273		-319
1274		-00:14:22,560 ~-~-> 00:14:25,320
1275		-Index, okay. And by looking at those
1276		-
1277		-320
1278		-00:14:25,320 ~-~-> 00:14:28,890
1279		-three indices as a whole, okay, and
1280		-
1281		-321
1282		-00:14:28,890 ~-~-> 00:14:31,680
1283		-applying such things as Dow Theory, if
1284		-
1285		-322
1286		-00:14:31,680 ~-~-> 00:14:33,390
1287		-you're looking at a marketplace that is
1288		-
1289		-323
1290		-00:14:33,390 ~-~-> 00:14:35,190
1291		-poised to go higher in the indices,
1292		-
1293		-324
1294		-00:14:35,220 ~-~-> 00:14:36,900
1295		-that's pretty much good. That's a good
1296		-
1297		-325
1298		-00:14:36,900 ~-~-> 00:14:38,460
1299		-time to be buying a stock. Well, the
1300		-
1301		-326
1302		-00:14:38,460 ~-~-> 00:14:40,140
1303		-same thing happens by looking at the
1304		-
1305		-327
1306		-00:14:40,140 ~-~-> 00:14:42,870
1307		-dollar, but you have to invert it. Okay,
1308		-
1309		-328
1310		-00:14:42,960 ~-~-> 00:14:45,300
1311		-so if the dollar is poised to rally,
1312		-
1313		-329
1314		-00:14:45,720 ~-~-> 00:14:47,250
1315		-okay, it's important that you understand
1316		-
1317		-330
1318		-00:14:47,250 ~-~-> 00:14:51,510
1319		-that if you start looking to buy foreign
1320		-
1321		-331
1322		-00:14:51,510 ~-~-> 00:14:54,570
1323		-currencies, okay? You're you're trading
1324		-
1325		-332
1326		-00:14:54,630 ~-~-> 00:15:01,080
1327		-okay? against the undertone of adverse
1328		-
1329		-333
1330		-00:15:01,110 ~-~-> 00:15:02,580
1331		-marketing environment in other words,
1332		-
1333		-334
1334		-00:15:02,580 ~-~-> 00:15:04,920
1335		-you're going to be trading at the lowest
1336		-
1337		-335
1338		-00:15:04,920 ~-~-> 00:15:07,350
1339		-probability for that move to occur
1340		-
1341		-336
1342		-00:15:07,350 ~-~-> 00:15:09,510
1343		-because the dollar if it's poised to go
1344		-
1345		-337
1346		-00:15:09,510 ~-~-> 00:15:11,100
1347		-higher, what does that translate to in
1348		-
1349		-338
1350		-00:15:11,100 ~-~-> 00:15:13,410
1351		-foreign currencies, lower foreign
1352		-
1353		-339
1354		-00:15:13,410 ~-~-> 00:15:16,110
1355		-currency prices. Okay, so let's look at
1356		-
1357		-340
1358		-00:15:16,110 ~-~-> 00:15:18,870
1359		-an example and actually have some notes
1360		-
1361		-341
1362		-00:15:18,900 ~-~-> 00:15:21,870
1363		-on this chart as it were because I did a
1364		-
1365		-342
1366		-00:15:21,870 ~-~-> 00:15:24,780
1367		-live session here about a week ago and I
1368		-
1369		-343
1370		-00:15:24,780 ~-~-> 00:15:26,940
1371		-made some comments about where I think
1372		-
1373		-344
1374		-00:15:26,940 ~-~-> 00:15:28,710
1375		-the dollar was going to go into behavior
1376		-
1377		-345
1378		-00:15:28,710 ~-~-> 00:15:31,080
1379		-I expected and some of you that were in
1380		-
1381		-346
1382		-00:15:31,080 ~-~-> 00:15:32,640
1383		-the live session obviously will will
1384		-
1385		-347
1386		-00:15:32,670 ~-~-> 00:15:34,170
1387		-recognize these lines and what I was
1388		-
1389		-348
1390		-00:15:34,170 ~-~-> 00:15:38,460
1391		-doing but this level here Okay, this is
1392		-
1393		-349
1394		-00:15:38,460 ~-~-> 00:15:40,350
1395		-a resistance level price was unable to
1396		-
1397		-350
1398		-00:15:40,380 ~-~-> 00:15:41,970
1399		-break above that and I was using a lot
1400		-
1401		-351
1402		-00:15:41,970 ~-~-> 00:15:43,590
1403		-of the wicks and the bodies of the
1404		-
1405		-352
1406		-00:15:43,590 ~-~-> 00:15:45,240
1407		-candles as reference points. Okay, so I
1408		-
1409		-353
1410		-00:15:45,240 ~-~-> 00:15:46,680
1411		-use the two bodies of the candles and,
1412		-
1413		-354
1414		-00:15:46,950 ~-~-> 00:15:50,640
1415		-and the wicks. Looking at this level
1416		-
1417		-355
1418		-00:15:50,640 ~-~-> 00:15:52,770
1419		-here, we broke through it a week ago,
1420		-
1421		-356
1422		-00:15:53,130 ~-~-> 00:15:54,990
1423		-and midweek and then came back down on
1424		-
1425		-357
1426		-00:15:54,990 ~-~-> 00:15:57,630
1427		-the previous week's Friday. And I was
1428		-
1429		-358
1430		-00:15:57,630 ~-~-> 00:15:59,820
1431		-noting these levels here, this level and
1432		-
1433		-359
1434		-00:15:59,820 ~-~-> 00:16:01,230
1435		-this level. So if we broke through and
1436		-
1437		-360
1438		-00:16:01,230 ~-~-> 00:16:02,730
1439		-came back down, it would most likely
1440		-
1441		-361
1442		-00:16:02,730 ~-~-> 00:16:04,890
1443		-find some support here, or find some
1444		-
1445		-362
1446		-00:16:04,890 ~-~-> 00:16:06,360
1447		-support here. So as that's the reason
1448		-
1449		-363
1450		-00:16:06,360 ~-~-> 00:16:08,520
1451		-why we have this little thing here I
1452		-
1453		-364
1454		-00:16:08,520 ~-~-> 00:16:10,110
1455		-drew. So let's get this off because it's
1456		-
1457		-365
1458		-00:16:10,110 ~-~-> 00:16:16,020
1459		-probably confusing you. Okay, and this
1460		-
1461		-366
1462		-00:16:16,020 ~-~-> 00:16:18,780
1463		-line here is just represent if these two
1464		-
1465		-367
1466		-00:16:18,780 ~-~-> 00:16:20,550
1467		-levels give way, we would come back down
1468		-
1469		-368
1470		-00:16:20,550 ~-~-> 00:16:22,170
1471		-to this level and expect some sort of
1472		-
1473		-369
1474		-00:16:22,170 ~-~-> 00:16:24,780
1475		-support to come underway. Now, when
1476		-
1477		-370
1478		-00:16:24,780 ~-~-> 00:16:26,220
1479		-price comes back down to this level,
1480		-
1481		-371
1482		-00:16:26,220 ~-~-> 00:16:28,110
1483		-even though it sweeps below it previous
1484		-
1485		-372
1486		-00:16:28,110 ~-~-> 00:16:30,000
1487		-Friday, look where it closes, it closes
1488		-
1489		-373
1490		-00:16:30,000 ~-~-> 00:16:31,620
1491		-right at that same level. And then when
1492		-
1493		-374
1494		-00:16:31,620 ~-~-> 00:16:33,960
1495		-Sunday we had an unchanged event, we had
1496		-
1497		-375
1498		-00:16:33,960 ~-~-> 00:16:35,370
1499		-a little bit of movement, try to push
1500		-
1501		-376
1502		-00:16:35,370 ~-~-> 00:16:37,170
1503		-above it again here on Monday, and then
1504		-
1505		-377
1506		-00:16:37,170 ~-~-> 00:16:39,690
1507		-Tuesday, we had the rally. And now here
1508		-
1509		-378
1510		-00:16:39,690 ~-~-> 00:16:41,850
1511		-it is today wednesday. Prices now
1512		-
1513		-379
1514		-00:16:41,850 ~-~-> 00:16:43,230
1515		-started to recede, but it did trade
1516		-
1517		-380
1518		-00:16:43,230 ~-~-> 00:16:46,050
1519		-higher. This environment right here
1520		-
1521		-381
1522		-00:16:46,050 ~-~-> 00:16:47,910
1523		-where price comes down to an expected
1524		-
1525		-382
1526		-00:16:47,910 ~-~-> 00:16:50,280
1527		-level support. Your mind should be
1528		-
1529		-383
1530		-00:16:50,280 ~-~-> 00:16:52,620
1531		-thinking, Okay, we're in a move that's
1532		-
1533		-384
1534		-00:16:52,620 ~-~-> 00:16:54,900
1535		-been going higher. Okay, we broke up
1536		-
1537		-385
1538		-00:16:55,080 ~-~-> 00:16:58,140
1539		-resistance, this may act as support. So
1540		-
1541		-386
1542		-00:16:58,140 ~-~-> 00:17:00,000
1543		-again, what's that translate for?
1544		-
1545		-387
1546		-00:17:01,289 ~-~-> 00:17:03,659
1547		-Risk more risk off? Well, if we think if
1548		-
1549		-388
1550		-00:17:03,779 ~-~-> 00:17:05,609
1551		-price comes to this level here and
1552		-
1553		-389
1554		-00:17:05,609 ~-~-> 00:17:08,729
1555		-bounces higher, okay? That's implying
1556		-
1557		-390
1558		-00:17:08,729 ~-~-> 00:17:10,559
1559		-that we're going to expect the US dollar
1560		-
1561		-391
1562		-00:17:10,559 ~-~-> 00:17:13,679
1563		-to rally that is going to be what risk
1564		-
1565		-392
1566		-00:17:13,679 ~-~-> 00:17:16,829
1567		-on or risk off, it's going to be risk
1568		-
1569		-393
1570		-00:17:16,829 ~-~-> 00:17:19,889
1571		-off because when there's less risk
1572		-
1573		-394
1574		-00:17:19,919 ~-~-> 00:17:23,099
1575		-taking to be made in the environments of
1576		-
1577		-395
1578		-00:17:23,099 ~-~-> 00:17:26,069
1579		-speculation, the dollar will be bought,
1580		-
1581		-396
1582		-00:17:26,159 ~-~-> 00:17:27,419
1583		-okay? There's gonna be a flight to
1584		-
1585		-397
1586		-00:17:27,419 ~-~-> 00:17:29,819
1587		-quality. Okay, that's what it's what I'm
1588		-
1589		-398
1590		-00:17:29,819 ~-~-> 00:17:31,289
1591		-not gonna argue with me guys this this
1592		-
1593		-399
1594		-00:17:31,289 ~-~-> 00:17:33,569
1595		-way it's called, okay. So whether you
1596		-
1597		-400
1598		-00:17:33,569 ~-~-> 00:17:35,639
1599		-want to refer the dollars being quality
1600		-
1601		-401
1602		-00:17:35,639 ~-~-> 00:17:38,399
1603		-aspect or not, it's that's what it is.
1604		-
1605		-402
1606		-00:17:38,429 ~-~-> 00:17:40,919
1607		-So, a flight to quality sees firmer
1608		-
1609		-403
1610		-00:17:40,919 ~-~-> 00:17:43,619
1611		-prices in $1 and that will translate to
1612		-
1613		-404
1614		-00:17:43,619 ~-~-> 00:17:47,309
1615		-a lower move or sell signals, if you
1616		-
1617		-405
1618		-00:17:47,309 ~-~-> 00:17:49,709
1619		-will, in the foreign currencies. Now,
1620		-
1621		-406
1622		-00:17:49,739 ~-~-> 00:17:51,689
1623		-again, because I trade the majors,
1624		-
1625		-407
1626		-00:17:52,109 ~-~-> 00:17:55,079
1627		-that's the British Pound USD, the Euro
1628		-
1629		-408
1630		-00:17:55,079 ~-~-> 00:17:58,649
1631		-USD once in a while, once in a while,
1632		-
1633		-409
1634		-00:17:58,649 ~-~-> 00:18:01,529
1635		-I'll trade Canadian Dollar or Aussie
1636		-
1637		-410
1638		-00:18:01,529 ~-~-> 00:18:04,109
1639		-dollar, okay. But generally I'll trade
1640		-
1641		-411
1642		-00:18:04,259 ~-~-> 00:18:06,749
1643		-you know, just a fiber fiber and cable.
1644		-
1645		-412
1646		-00:18:08,129 ~-~-> 00:18:10,169
1647		-But now understanding the relationship
1648		-
1649		-413
1650		-00:18:10,409 ~-~-> 00:18:13,709
1651		-to this, when we come down to a support
1652		-
1653		-414
1654		-00:18:13,709 ~-~-> 00:18:16,619
1655		-level like this, that means on Friday
1656		-
1657		-415
1658		-00:18:16,649 ~-~-> 00:18:17,879
1659		-when we trade it back down to that level
1660		-
1661		-416
1662		-00:18:17,879 ~-~-> 00:18:20,819
1663		-from Friday, Sunday, Monday, Tuesday,
1664		-
1665		-417
1666		-00:18:21,209 ~-~-> 00:18:24,539
1667		-okay? in that in that area, okay? What
1668		-
1669		-418
1670		-00:18:24,539 ~-~-> 00:18:27,029
1671		-we're looking for is cell scenarios to
1672		-
1673		-419
1674		-00:18:27,029 ~-~-> 00:18:30,149
1675		-occur in fiber and cable. Okay. So
1676		-
1677		-420
1678		-00:18:30,149 ~-~-> 00:18:32,609
1679		-again, to reiterate this, we're looking
1680		-
1681		-421
1682		-00:18:32,609 ~-~-> 00:18:34,139
1683		-at the price that was above it on
1684		-
1685		-422
1686		-00:18:34,139 ~-~-> 00:18:35,819
1687		-Thursday, the week before this
1688		-
1689		-423
1690		-00:18:35,819 ~-~-> 00:18:38,309
1691		-recording, price comes down on Friday
1692		-
1693		-424
1694		-00:18:38,549 ~-~-> 00:18:40,439
1695		-trades through it then comes right back
1696		-
1697		-425
1698		-00:18:40,439 ~-~-> 00:18:43,199
1699		-to it and closes. Okay, so as early as
1700		-
1701		-426
1702		-00:18:43,199 ~-~-> 00:18:48,359
1703		-Friday of last week, and the basically
1704		-
1705		-427
1706		-00:18:48,359 ~-~-> 00:18:50,729
1707		-August 1 of 2014. We're actually going
1708		-
1709		-428
1710		-00:18:50,729 ~-~-> 00:18:54,299
1711		-to refer to date. Then, Sunday's
1712		-
1713		-429
1714		-00:18:54,299 ~-~-> 00:18:57,059
1715		-opening, and then Monday's trading. And
1716		-
1717		-430
1718		-00:18:57,059 ~-~-> 00:18:59,399
1719		-then, Tuesday's trading, and then
1720		-
1721		-431
1722		-00:18:59,399 ~-~-> 00:19:01,109
1723		-today's Wednesday. Bass trading, okay,
1724		-
1725		-432
1726		-00:19:01,229 ~-~-> 00:19:03,029
1727		-and the time of this recording is the
1728		-
1729		-433
1730		-00:19:03,029 ~-~-> 00:19:06,809
1731		-sixth of August. And let's take a look
1732		-
1733		-434
1734		-00:19:06,839 ~-~-> 00:19:09,749
1735		-at what that looks like in reference to
1736		-
1737		-435
1738		-00:19:09,749 ~-~-> 00:19:14,819
1739		-the cable. We're going to zoom in and
1740		-
1741		-436
1742		-00:19:14,819 ~-~-> 00:19:16,529
1743		-make you really understand what's going
1744		-
1745		-437
1746		-00:19:16,529 ~-~-> 00:19:18,179
1747		-on and how to incorporate this
1748		-
1749		-438
1750		-00:19:18,179 ~-~-> 00:19:20,819
1751		-information. Okay, so we have this is
1752		-
1753		-439
1754		-00:19:20,819 ~-~-> 00:19:22,289
1755		-Wednesday's trading is the daily chart
1756		-
1757		-440
1758		-00:19:22,289 ~-~-> 00:19:24,899
1759		-of the British Pound USD. This is
1760		-
1761		-441
1762		-00:19:24,929 ~-~-> 00:19:27,359
1763		-Tuesday's trading, Monday's trading.
1764		-
1765		-442
1766		-00:19:29,849 ~-~-> 00:19:32,279
1767		-Sunday's trading. Friday's trading.
1768		-
1769		-443
1770		-00:19:32,609 ~-~-> 00:19:38,999
1771		-Okay, so in here we have price. We draw
1772		-
1773		-444
1774		-00:19:38,999 ~-~-> 00:19:43,139
1775		-a little line here. Okay, right in here.
1776		-
1777		-445
1778		-00:19:45,719 ~-~-> 00:19:46,559
1779		-This level
1780		-
1781		-446
1782		-00:19:52,830 ~-~-> 00:19:56,430
1783		-Good grief work with me here. Okay.
1784		-
1785		-447
1786		-00:19:58,440 ~-~-> 00:20:01,110
1787		-Wednesday, Tuesday. Monday Sunday
1788		-
1789		-448
1790		-00:20:01,110 ~-~-> 00:20:05,910
1791		-Friday, okay, right in here this down
1792		-
1793		-449
1794		-00:20:05,910 ~-~-> 00:20:07,920
1795		-move this down move right in here
1796		-
1797		-450
1798		-00:20:08,700 ~-~-> 00:20:13,170
1799		-correlates with the previous week. Okay
1800		-
1801		-451
1802		-00:20:13,170 ~-~-> 00:20:16,740
1803		-the previous week in the dollar right
1804		-
1805		-452
1806		-00:20:16,740 ~-~-> 00:20:19,050
1807		-here when price came down right in here
1808		-
1809		-453
1810		-00:20:19,920 ~-~-> 00:20:22,740
1811		-that began the hunting ground if you
1812		-
1813		-454
1814		-00:20:22,740 ~-~-> 00:20:24,510
1815		-will, to start looking for sell
1816		-
1817		-455
1818		-00:20:24,510 ~-~-> 00:20:27,240
1819		-scenarios in the cable and fiber and
1820		-
1821		-456
1822		-00:20:27,240 ~-~-> 00:20:28,680
1823		-other currencies as well any foreign
1824		-
1825		-457
1826		-00:20:28,680 ~-~-> 00:20:31,890
1827		-currency okay against the dollar. If
1828		-
1829		-458
1830		-00:20:31,920 ~-~-> 00:20:34,650
1831		-it's front currency for instance, go
1832		-
1833		-459
1834		-00:20:34,650 ~-~-> 00:20:36,870
1835		-back to the cable. Look up here get the
1836		-
1837		-460
1838		-00:20:36,870 ~-~-> 00:20:39,300
1839		-British Pound USD, if we're expecting
1840		-
1841		-461
1842		-00:20:39,300 ~-~-> 00:20:42,390
1843		-the USD or dollar to rally, okay if the
1844		-
1845		-462
1846		-00:20:42,390 ~-~-> 00:20:44,190
1847		-currency is before the USD in the
1848		-
1849		-463
1850		-00:20:44,190 ~-~-> 00:20:45,990
1851		-pairing, okay, like in this case for
1852		-
1853		-464
1854		-00:20:45,990 ~-~-> 00:20:48,960
1855		-this major, the British Pound should do
1856		-
1857		-465
1858		-00:20:48,960 ~-~-> 00:20:50,490
1859		-what it should decline if the dollar is
1860		-
1861		-466
1862		-00:20:50,490 ~-~-> 00:20:52,050
1863		-going to go up to British pounds gonna
1864		-
1865		-467
1866		-00:20:52,050 ~-~-> 00:20:54,870
1867		-drop so if the front currency in this
1868		-
1869		-468
1870		-00:20:54,870 ~-~-> 00:20:56,520
1871		-case is the British pound, you're going
1872		-
1873		-469
1874		-00:20:56,520 ~-~-> 00:20:59,970
1875		-to see selling pressure if the dollar
1876		-
1877		-470
1878		-00:21:00,450 ~-~-> 00:21:04,080
1879		-Find some support here. Okay. Now what
1880		-
1881		-471
1882		-00:21:04,080 ~-~-> 00:21:05,310
1883		-we're going to do is we're going to zoom
1884		-
1885		-472
1886		-00:21:05,310 ~-~-> 00:21:07,650
1887		-in on this day and we're going to, we're
1888		-
1889		-473
1890		-00:21:07,650 ~-~-> 00:21:08,760
1891		-going to look at the relationship
1892		-
1893		-474
1894		-00:21:08,760 ~-~-> 00:21:10,440
1895		-between the two. Okay? And we're going
1896		-
1897		-475
1898		-00:21:10,440 ~-~-> 00:21:12,840
1899		-to really judge with X ray view, is
1900		-
1901		-476
1902		-00:21:12,840 ~-~-> 00:21:15,780
1903		-there really risk on risk off scenarios
1904		-
1905		-477
1906		-00:21:15,840 ~-~-> 00:21:18,180
1907		-underway. Okay, and now explain it as we
1908		-
1909		-478
1910		-00:21:18,180 ~-~-> 00:21:24,960
1911		-get to it. Let's go over to a 15 minute
1912		-
1913		-479
1914		-00:21:24,960 ~-~-> 00:21:28,530
1915		-timeframe. And we'll zoom out a little
1916		-
1917		-480
1918		-00:21:28,530 ~-~-> 00:21:35,760
1919		-bit. A little bit more net and let's
1920		-
1921		-481
1922		-00:21:35,760 ~-~-> 00:21:38,010
1923		-take this scroll off because it's gonna
1924		-
1925		-482
1926		-00:21:39,510 ~-~-> 00:21:44,340
1927		-mess with me. Alright, so here we have
1928		-
1929		-483
1930		-00:21:44,490 ~-~-> 00:21:46,260
1931		-price trading lower and let's take
1932		-
1933		-484
1934		-00:21:46,260 ~-~-> 00:21:48,990
1935		-these. This is Sunday trading in here.
1936		-
1937		-485
1938		-00:21:49,230 ~-~-> 00:21:51,420
1939		-This is previous week's Friday, and this
1940		-
1941		-486
1942		-00:21:51,420 ~-~-> 00:21:53,640
1943		-is the new week Monday. Okay, so we have
1944		-
1945		-487
1946		-00:21:53,640 ~-~-> 00:21:54,900
1947		-that in reference that can take this off
1948		-
1949		-488
1950		-00:21:54,900 ~-~-> 00:21:59,100
1951		-now. In here, this down move in here,
1952		-
1953		-489
1954		-00:21:59,100 ~-~-> 00:22:02,220
1955		-this sell signal Look what happens. You
1956		-
1957		-490
1958		-00:22:02,220 ~-~-> 00:22:06,330
1959		-have a high, a low and a rally up. Okay?
1960		-
1961		-491
1962		-00:22:06,660 ~-~-> 00:22:08,400
1963		-in here this is how we look for the
1964		-
1965		-492
1966		-00:22:08,400 ~-~-> 00:22:11,010
1967		-patterns. When the scenarios poised to
1968		-
1969		-493
1970		-00:22:11,010 ~-~-> 00:22:14,160
1971		-unfold with firmer dollar. We should see
1972		-
1973		-494
1974		-00:22:14,160 ~-~-> 00:22:16,770
1975		-weaker prices in cable. Okay, we're in
1976		-
1977		-495
1978		-00:22:16,770 ~-~-> 00:22:19,440
1979		-this case British Pound USD. When we
1980		-
1981		-496
1982		-00:22:19,440 ~-~-> 00:22:21,150
1983		-have that environment what we'd start to
1984		-
1985		-497
1986		-00:22:21,150 ~-~-> 00:22:24,390
1987		-do is we apply specifics like time of
1988		-
1989		-498
1990		-00:22:24,390 ~-~-> 00:22:27,120
1991		-day, okay and here is the beginning of
1992		-
1993		-499
1994		-00:22:27,120 ~-~-> 00:22:30,510
1995		-that day is zero GMT. This candles high
1996		-
1997		-500
1998		-00:22:30,510 ~-~-> 00:22:35,190
1999		-right in here is eight GMT and at 815
2000		-
2001		-501
2002		-00:22:35,190 ~-~-> 00:22:36,690
2003		-GMT is actually the highest one right in
2004		-
2005		-502
2006		-00:22:36,690 ~-~-> 00:22:40,770
2007		-here at 815 GMT. That is what I teach is
2008		-
2009		-503
2010		-00:22:41,040 ~-~-> 00:22:45,330
2011		-the ICT London open kill zone. Okay now
2012		-
2013		-504
2014		-00:22:45,330 ~-~-> 00:22:47,040
2015		-kill zone is a pocket of time typically
2016		-
2017		-505
2018		-00:22:47,040 ~-~-> 00:22:48,930
2019		-about three hours long. London's a
2020		-
2021		-506
2022		-00:22:48,930 ~-~-> 00:22:50,910
2023		-little bit wider because this is a lot
2024		-
2025		-507
2026		-00:22:50,910 ~-~-> 00:22:52,230
2027		-of activity going on. So a lot of
2028		-
2029		-508
2030		-00:22:52,230 ~-~-> 00:22:56,910
2031		-overlay from previous days. Trading from
2032		-
2033		-509
2034		-00:22:56,910 ~-~-> 00:22:58,710
2035		-New York going into Asia, there's a lot
2036		-
2037		-510
2038		-00:22:58,710 ~-~-> 00:23:00,300
2039		-of highs and lows to be retraced into
2040		-
2041		-511
2042		-00:23:00,300 ~-~-> 00:23:01,950
2043		-maybe time maintains blown out during
2044		-
2045		-512
2046		-00:23:01,950 ~-~-> 00:23:04,650
2047		-Frankfurt or early London open. And that
2048		-
2049		-513
2050		-00:23:04,650 ~-~-> 00:23:06,600
2051		-will usually cause the daily higher low
2052		-
2053		-514
2054		-00:23:06,600 ~-~-> 00:23:08,490
2055		-to form. Now in this case, obviously the
2056		-
2057		-515
2058		-00:23:08,490 ~-~-> 00:23:10,800
2059		-highs a little bit earlier in, in during
2060		-
2061		-516
2062		-00:23:10,800 ~-~-> 00:23:12,510
2063		-asian session, but nonetheless we have a
2064		-
2065		-517
2066		-00:23:12,510 ~-~-> 00:23:16,110
2067		-very tradable high at the key timeframe
2068		-
2069		-518
2070		-00:23:16,170 ~-~-> 00:23:19,050
2071		-of the ICT London open kill zone. Now
2072		-
2073		-519
2074		-00:23:19,050 ~-~-> 00:23:24,960
2075		-again, my charts here are GMT obviously,
2076		-
2077		-520
2078		-00:23:25,380 ~-~-> 00:23:31,980
2079		-but 70 GMT, which is equivalent to like
2080		-
2081		-521
2082		-00:23:31,980 ~-~-> 00:23:36,960
2083		-2am my time in New York. And nine GMT is
2084		-
2085		-522
2086		-00:23:36,960 ~-~-> 00:23:41,040
2087		-like 4pm my time so between seven and
2088		-
2089		-523
2090		-00:23:41,040 ~-~-> 00:23:43,770
2091		-nine GMT that's typically where your
2092		-
2093		-524
2094		-00:23:43,770 ~-~-> 00:23:46,110
2095		-higher low during London really forms
2096		-
2097		-525
2098		-00:23:46,140 ~-~-> 00:23:47,520
2099		-Okay, so if you really bracket out that
2100		-
2101		-526
2102		-00:23:47,520 ~-~-> 00:23:50,370
2103		-much time, over a long sample size of
2104		-
2105		-527
2106		-00:23:50,370 ~-~-> 00:23:52,890
2107		-data you're going to see multiple times
2108		-
2109		-528
2110		-00:23:53,100 ~-~-> 00:23:54,600
2111		-per week you're going to see the higher
2112		-
2113		-529
2114		-00:23:54,600 ~-~-> 00:23:56,490
2115		-low for that particular day will occur
2116		-
2117		-530
2118		-00:23:56,520 ~-~-> 00:23:58,770
2119		-between those specific time posts, if
2120		-
2121		-531
2122		-00:23:58,770 ~-~-> 00:24:00,000
2123		-you will. So if you've got started
2124		-
2125		-532
2126		-00:24:00,000 ~-~-> 00:24:01,890
2127		-bracket out your time on your charts,
2128		-
2129		-533
2130		-00:24:01,920 ~-~-> 00:24:03,540
2131		-you'll be able to do that and see very
2132		-
2133		-534
2134		-00:24:03,540 ~-~-> 00:24:05,820
2135		-clearly when highs and lows form. Now
2136		-
2137		-535
2138		-00:24:05,820 ~-~-> 00:24:08,010
2139		-what that understanding, okay, but then
2140		-
2141		-536
2142		-00:24:08,010 ~-~-> 00:24:09,420
2143		-understanding we can start now
2144		-
2145		-537
2146		-00:24:09,660 ~-~-> 00:24:13,590
2147		-increasing the level of accuracy by
2148		-
2149		-538
2150		-00:24:13,590 ~-~-> 00:24:16,230
2151		-having this insight of risk on risk off.
2152		-
2153		-539
2154		-00:24:17,370 ~-~-> 00:24:18,990
2155		-And what I'm going to do is now to add a
2156		-
2157		-540
2158		-00:24:18,990 ~-~-> 00:24:24,420
2159		-period separator and what I'm going to
2160		-
2161		-541
2162		-00:24:24,420 ~-~-> 00:24:27,690
2163		-do is I'm going to add it to five GMT.
2164		-
2165		-542
2166		-00:24:28,380 ~-~-> 00:24:29,640
2167		-And what that's going to be is midnight
2168		-
2169		-543
2170		-00:24:29,640 ~-~-> 00:24:33,840
2171		-to my my time, okay? And it's very, very
2172		-
2173		-544
2174		-00:24:33,840 ~-~-> 00:24:35,550
2175		-light, I know but it's right here, this
2176		-
2177		-545
2178		-00:24:35,550 ~-~-> 00:24:38,790
2179		-vertical line. Okay, and what I'll do is
2180		-
2181		-546
2182		-00:24:38,790 ~-~-> 00:24:39,840
2183		-now I'm going to zoom in a little bit
2184		-
2185		-547
2186		-00:24:39,900 ~-~-> 00:24:40,410
2187		-more.
2188		-
2189		-548
2190		-00:24:44,100 ~-~-> 00:24:46,950
2191		-Right in here is Midnight in New York.
2192		-
2193		-549
2194		-00:24:47,160 ~-~-> 00:24:50,130
2195		-Now that's what I call the new day. Now
2196		-
2197		-550
2198		-00:24:50,130 ~-~-> 00:24:51,420
2199		-obviously, there's trading prior to
2200		-
2201		-551
2202		-00:24:51,420 ~-~-> 00:24:53,160
2203		-that, okay, but I call that the asian
2204		-
2205		-552
2206		-00:24:53,160 ~-~-> 00:24:56,160
2207		-session or Asian range. Asia goes a
2208		-
2209		-553
2210		-00:24:56,160 ~-~-> 00:24:58,740
2211		-little bit farther, but obviously I look
2212		-
2213		-554
2214		-00:24:58,740 ~-~-> 00:25:01,980
2215		-at this vertical line or delineation of
2216		-
2217		-555
2218		-00:25:02,160 ~-~-> 00:25:03,930
2219		-midnight, New York as my beginning
2220		-
2221		-556
2222		-00:25:03,930 ~-~-> 00:25:06,240
2223		-marker, it's this denotes the new day to
2224		-
2225		-557
2226		-00:25:06,240 ~-~-> 00:25:09,060
2227		-me, what you'll want to see is if you're
2228		-
2229		-558
2230		-00:25:09,060 ~-~-> 00:25:11,820
2231		-expecting, again, the dollar was at that
2232		-
2233		-559
2234		-00:25:11,820 ~-~-> 00:25:15,420
2235		-time trading at a support level, okay,
2236		-
2237		-560
2238		-00:25:15,420 ~-~-> 00:25:17,070
2239		-or what we would expect to see support.
2240		-
2241		-561
2242		-00:25:17,190 ~-~-> 00:25:18,720
2243		-So that would be a risk off scenario
2244		-
2245		-562
2246		-00:25:18,720 ~-~-> 00:25:20,700
2247		-dollar rally in foreign currencies going
2248		-
2249		-563
2250		-00:25:20,700 ~-~-> 00:25:22,920
2251		-lower. What we'll expect, what you'll
2252		-
2253		-564
2254		-00:25:22,920 ~-~-> 00:25:25,050
2255		-expect to see happen is specific times
2256		-
2257		-565
2258		-00:25:25,050 ~-~-> 00:25:27,780
2259		-of the day will translate into setups,
2260		-
2261		-566
2262		-00:25:27,930 ~-~-> 00:25:30,630
2263		-okay? You have a key high here, okay,
2264		-
2265		-567
2266		-00:25:30,630 ~-~-> 00:25:32,370
2267		-little, little short term swing high in
2268		-
2269		-568
2270		-00:25:32,370 ~-~-> 00:25:35,400
2271		-here. Watch what happens when you take
2272		-
2273		-569
2274		-00:25:35,400 ~-~-> 00:25:38,640
2275		-your fib and the low prior to this
2276		-
2277		-570
2278		-00:25:38,670 ~-~-> 00:25:40,590
2279		-vertical line here. You what you're
2280		-
2281		-571
2282		-00:25:40,590 ~-~-> 00:25:42,000
2283		-going to be expecting is you want to see
2284		-
2285		-572
2286		-00:25:42,000 ~-~-> 00:25:44,160
2287		-a rally. Okay, you want to see a rally
2288		-
2289		-573
2290		-00:25:44,160 ~-~-> 00:25:47,040
2291		-after midnight New York, because that
2292		-
2293		-574
2294		-00:25:47,040 ~-~-> 00:25:50,130
2295		-rally is the sucker play, that neophyte
2296		-
2297		-575
2298		-00:25:50,130 ~-~-> 00:25:53,280
2299		-traders get lulled into believing that
2300		-
2301		-576
2302		-00:25:53,280 ~-~-> 00:25:55,650
2303		-this is a buying opportunity. Okay, and
2304		-
2305		-577
2306		-00:25:55,650 ~-~-> 00:25:57,360
2307		-let's zoom in a little bit more just for
2308		-
2309		-578
2310		-00:25:57,360 ~-~-> 00:26:02,460
2311		-clarity. Yeah, right, yeah. So we have
2312		-
2313		-579
2314		-00:26:02,460 ~-~-> 00:26:04,980
2315		-this high here and the low prior to the
2316		-
2317		-580
2318		-00:26:04,980 ~-~-> 00:26:08,760
2319		-move going up. Now move up at the New
2320		-
2321		-581
2322		-00:26:08,760 ~-~-> 00:26:11,040
2323		-York, midnight time, which is five GMT.
2324		-
2325		-582
2326		-00:26:12,210 ~-~-> 00:26:13,980
2327		-Again, easiest way for you guys to do is
2328		-
2329		-583
2330		-00:26:13,980 ~-~-> 00:26:16,620
2331		-set a clock of some shape or form in
2332		-
2333		-584
2334		-00:26:16,620 ~-~-> 00:26:18,210
2335		-where you're at as a trader, okay, put
2336		-
2337		-585
2338		-00:26:18,210 ~-~-> 00:26:19,440
2339		-an extra computer, put it on your
2340		-
2341		-586
2342		-00:26:19,440 ~-~-> 00:26:21,390
2343		-computer, put it on your phone, put it
2344		-
2345		-587
2346		-00:26:21,390 ~-~-> 00:26:22,530
2347		-somewhere, whenever you're watching my
2348		-
2349		-588
2350		-00:26:22,530 ~-~-> 00:26:24,480
2351		-videos, or when you start watching my
2352		-
2353		-589
2354		-00:26:24,480 ~-~-> 00:26:25,710
2355		-live sessions, when we start doing this
2356		-
2357		-590
2358		-00:26:25,710 ~-~-> 00:26:27,720
2359		-stuff over the shoulder, you'll it'll
2360		-
2361		-591
2362		-00:26:27,720 ~-~-> 00:26:28,920
2363		-obviously make a whole lot more sense
2364		-
2365		-592
2366		-00:26:29,010 ~-~-> 00:26:30,360
2367		-because you'll see it but if you can't
2368		-
2369		-593
2370		-00:26:30,360 ~-~-> 00:26:31,620
2371		-watch the live sessions as they're
2372		-
2373		-594
2374		-00:26:31,620 ~-~-> 00:26:32,550
2375		-occurring, when you watch the
2376		-
2377		-595
2378		-00:26:32,550 ~-~-> 00:26:34,560
2379		-recordings, it's not gonna make any
2380		-
2381		-596
2382		-00:26:34,560 ~-~-> 00:26:36,330
2383		-sense to you unless you have the exact
2384		-
2385		-597
2386		-00:26:36,330 ~-~-> 00:26:38,580
2387		-times lined up with your charts. And if
2388		-
2389		-598
2390		-00:26:38,580 ~-~-> 00:26:40,890
2391		-you only do one or two trading sessions
2392		-
2393		-599
2394		-00:26:40,890 ~-~-> 00:26:42,720
2395		-in London per week, if you trade like
2396		-
2397		-600
2398		-00:26:42,720 ~-~-> 00:26:43,800
2399		-this, that's all you need. You don't
2400		-
2401		-601
2402		-00:26:43,800 ~-~-> 00:26:46,290
2403		-need to do every single day. But we're
2404		-
2405		-602
2406		-00:26:46,290 ~-~-> 00:26:48,330
2407		-understanding that we are in an
2408		-
2409		-603
2410		-00:26:48,330 ~-~-> 00:26:50,940
2411		-environment where cable or British Pound
2412		-
2413		-604
2414		-00:26:50,940 ~-~-> 00:26:54,060
2415		-USD should decline if the dollar is
2416		-
2417		-605
2418		-00:26:54,060 ~-~-> 00:26:56,610
2419		-going to find some support. Okay? Now
2420		-
2421		-606
2422		-00:26:56,640 ~-~-> 00:26:58,500
2423		-what will happen is you'll see the price
2424		-
2425		-607
2426		-00:26:58,500 ~-~-> 00:27:03,810
2427		-rally up After Midnight now when will
2428		-
2429		-608
2430		-00:27:03,810 ~-~-> 00:27:06,300
2431		-the signal occur as it starts to rally
2432		-
2433		-609
2434		-00:27:06,330 ~-~-> 00:27:08,580
2435		-we understand that looking at price
2436		-
2437		-610
2438		-00:27:08,580 ~-~-> 00:27:10,170
2439		-moving the opposite direction is optimal
2440		-
2441		-611
2442		-00:27:10,170 ~-~-> 00:27:12,540
2443		-for entry. You can see that price just
2444		-
2445		-612
2446		-00:27:12,540 ~-~-> 00:27:13,830
2447		-fell short of the setting I'm certain
2448		-
2449		-613
2450		-00:27:13,830 ~-~-> 00:27:15,510
2451		-treatment level right in here didn't
2452		-
2453		-614
2454		-00:27:15,510 ~-~-> 00:27:17,250
2455		-quite get there the high on that candle.
2456		-
2457		-615
2458		-00:27:17,610 ~-~-> 00:27:20,190
2459		-It's just a pip below where the actual
2460		-
2461		-616
2462		-00:27:20,190 ~-~-> 00:27:22,230
2463		-setting onset and retracement level is.
2464		-
2465		-617
2466		-00:27:22,770 ~-~-> 00:27:25,290
2467		-But look at the level of rejection once
2468		-
2469		-618
2470		-00:27:25,290 ~-~-> 00:27:27,000
2471		-it gets that level boom takes off and
2472		-
2473		-619
2474		-00:27:27,000 ~-~-> 00:27:29,460
2475		-trades the other direction. Okay. So by
2476		-
2477		-620
2478		-00:27:29,460 ~-~-> 00:27:31,710
2479		-having this simple approach to using the
2480		-
2481		-621
2482		-00:27:31,710 ~-~-> 00:27:33,810
2483		-fib and using the ICT optimal trade
2484		-
2485		-622
2486		-00:27:33,810 ~-~-> 00:27:36,270
2487		-entry or ot E which is simply just
2488		-
2489		-623
2490		-00:27:36,270 ~-~-> 00:27:38,970
2491		-looking for a minimum of 62% retracement
2492		-
2493		-624
2494		-00:27:39,360 ~-~-> 00:27:41,490
2495		-as much as 79% retracement and looking
2496		-
2497		-625
2498		-00:27:41,490 ~-~-> 00:27:43,320
2499		-ideally for the sweet spot which is
2500		-
2501		-626
2502		-00:27:44,130 ~-~-> 00:27:46,890
2503		-basically you know the midpoint between
2504		-
2505		-627
2506		-00:27:46,890 ~-~-> 00:27:50,250
2507		-62 and 79. Now I do not use the
2508		-
2509		-628
2510		-00:27:50,520 ~-~-> 00:27:55,500
2511		-classical 78.6 and 61.28 wherever I
2512		-
2513		-629
2514		-00:27:55,500 ~-~-> 00:27:56,610
2515		-don't even know what they are okay, I
2516		-
2517		-630
2518		-00:27:56,610 ~-~-> 00:27:57,990
2519		-don't really care that much. Okay to
2520		-
2521		-631
2522		-00:27:57,990 ~-~-> 00:27:59,610
2523		-know what they are. I just make it very
2524		-
2525		-632
2526		-00:27:59,610 ~-~-> 00:28:02,040
2527		-simple for Me, okay. And some can argue
2528		-
2529		-633
2530		-00:28:02,040 ~-~-> 00:28:03,240
2531		-that, you know, this isn't as accurate
2532		-
2533		-634
2534		-00:28:03,240 ~-~-> 00:28:05,970
2535		-as it should be. But, you know,
2536		-
2537		-635
2538		-00:28:06,000 ~-~-> 00:28:07,560
2539		-whatever, whatever floats your boat.
2540		-
2541		-636
2542		-00:28:07,680 ~-~-> 00:28:09,750
2543		-Bottom line is, is it does enough for
2544		-
2545		-637
2546		-00:28:09,750 ~-~-> 00:28:12,030
2547		-me. And it makes it easier to teach it
2548		-
2549		-638
2550		-00:28:12,120 ~-~-> 00:28:14,040
2551		-this way, and to my children, because
2552		-
2553		-639
2554		-00:28:14,040 ~-~-> 00:28:18,690
2555		-really, you are just beneficiaries of
2556		-
2557		-640
2558		-00:28:18,690 ~-~-> 00:28:20,190
2559		-the resources that I'm actually sharing
2560		-
2561		-641
2562		-00:28:20,190 ~-~-> 00:28:21,990
2563		-with my children. So when I'm talking,
2564		-
2565		-642
2566		-00:28:21,990 ~-~-> 00:28:24,720
2567		-I'm actually talking to my children that
2568		-
2569		-643
2570		-00:28:24,720 ~-~-> 00:28:27,210
2571		-have them in mind. So if sometimes I
2572		-
2573		-644
2574		-00:28:27,210 ~-~-> 00:28:29,430
2575		-come across, over simplifying things,
2576		-
2577		-645
2578		-00:28:29,490 ~-~-> 00:28:30,810
2579		-that's the reason why because I'm
2580		-
2581		-646
2582		-00:28:30,810 ~-~-> 00:28:32,760
2583		-talking to my children. So
2584		-
2585		-647
2586		-00:28:34,530 ~-~-> 00:28:37,170
2587		-understand that I want this is easily
2588		-
2589		-648
2590		-00:28:37,170 ~-~-> 00:28:39,990
2591		-digestible as possible for them. And if
2592		-
2593		-649
2594		-00:28:39,990 ~-~-> 00:28:41,100
2595		-something happens to me, they'll have
2596		-
2597		-650
2598		-00:28:41,100 ~-~-> 00:28:42,840
2599		-these resources to turn back to and
2600		-
2601		-651
2602		-00:28:42,870 ~-~-> 00:28:43,860
2603		-they'll have everything that I have,
2604		-
2605		-652
2606		-00:28:43,890 ~-~-> 00:28:45,780
2607		-hopefully in my mind translated through
2608		-
2609		-653
2610		-00:28:46,140 ~-~-> 00:28:47,700
2611		-these references, these resources and
2612		-
2613		-654
2614		-00:28:47,700 ~-~-> 00:28:51,570
2615		-reference points. But the rallying up
2616		-
2617		-655
2618		-00:28:51,780 ~-~-> 00:28:53,940
2619		-okay, what makes it optimal is there's
2620		-
2621		-656
2622		-00:28:54,000 ~-~-> 00:28:56,520
2623		-there's a large degree for price to not
2624		-
2625		-657
2626		-00:28:56,550 ~-~-> 00:29:00,450
2627		-go very far. Once this free Markets
2628		-
2629		-658
2630		-00:29:00,450 ~-~-> 00:29:01,740
2631		-established and what I mean by that,
2632		-
2633		-659
2634		-00:29:02,070 ~-~-> 00:29:03,510
2635		-well if the dollar is poised to trade
2636		-
2637		-660
2638		-00:29:03,510 ~-~-> 00:29:05,280
2639		-higher or we believe that the dollar
2640		-
2641		-661
2642		-00:29:05,280 ~-~-> 00:29:08,070
2643		-will rally, okay, we want to look for
2644		-
2645		-662
2646		-00:29:08,070 ~-~-> 00:29:10,650
2647		-ideally a sucker play or rally into you
2648		-
2649		-663
2650		-00:29:10,650 ~-~-> 00:29:12,450
2651		-want to sell into this rally. I know it
2652		-
2653		-664
2654		-00:29:12,450 ~-~-> 00:29:15,480
2655		-seems scary, okay? It will seem scary
2656		-
2657		-665
2658		-00:29:15,480 ~-~-> 00:29:17,850
2659		-for a great number of weeks and months
2660		-
2661		-666
2662		-00:29:17,880 ~-~-> 00:29:20,670
2663		-until you understand by desensitizing
2664		-
2665		-667
2666		-00:29:20,670 ~-~-> 00:29:21,930
2667		-yourself over and over and over again
2668		-
2669		-668
2670		-00:29:21,930 ~-~-> 00:29:22,830
2671		-doing the same thing over and over
2672		-
2673		-669
2674		-00:29:22,830 ~-~-> 00:29:25,380
2675		-again, by drills and studying expecting
2676		-
2677		-670
2678		-00:29:25,380 ~-~-> 00:29:27,450
2679		-price to do anticipating price. Not
2680		-
2681		-671
2682		-00:29:27,450 ~-~-> 00:29:29,640
2683		-trading, not demo trading, okay, but
2684		-
2685		-672
2686		-00:29:29,640 ~-~-> 00:29:31,860
2687		-just studying prices, okay? It should
2688		-
2689		-673
2690		-00:29:31,860 ~-~-> 00:29:33,720
2691		-react at this level. It should do this
2692		-
2693		-674
2694		-00:29:33,720 ~-~-> 00:29:35,310
2695		-today into the London session and it
2696		-
2697		-675
2698		-00:29:35,310 ~-~-> 00:29:36,630
2699		-should do this going into New York.
2700		-
2701		-676
2702		-00:29:36,810 ~-~-> 00:29:39,030
2703		-Having these ideas ahead of time will
2704		-
2705		-677
2706		-00:29:39,030 ~-~-> 00:29:40,740
2707		-build your confidence and your
2708		-
2709		-678
2710		-00:29:40,740 ~-~-> 00:29:42,780
2711		-anticipatory skills as a trader, which
2712		-
2713		-679
2714		-00:29:42,780 ~-~-> 00:29:44,850
2715		-is essential. You cannot make money
2716		-
2717		-680
2718		-00:29:44,850 ~-~-> 00:29:46,680
2719		-reacting to the price. Okay, you can't
2720		-
2721		-681
2722		-00:29:46,680 ~-~-> 00:29:48,750
2723		-do that. You have to be anticipatory in
2724		-
2725		-682
2726		-00:29:48,750 ~-~-> 00:29:51,300
2727		-nature as a trader. That way you can I
2728		-
2729		-683
2730		-00:29:51,450 ~-~-> 00:29:53,640
2731		-identify when there's a most likely
2732		-
2733		-684
2734		-00:29:54,630 ~-~-> 00:29:57,210
2735		-phenomenon to unfold, and what is that
2736		-
2737		-685
2738		-00:29:57,210 ~-~-> 00:29:58,710
2739		-phenomena? How does it How does it
2740		-
2741		-686
2742		-00:29:59,340 ~-~-> 00:30:00,600
2743		-repeat itself? What does it look like
2744		-
2745		-687
2746		-00:30:00,600 ~-~-> 00:30:02,370
2747		-before you can identify a repeating
2748		-
2749		-688
2750		-00:30:02,370 ~-~-> 00:30:03,450
2751		-pattern? And that's what we're showing
2752		-
2753		-689
2754		-00:30:03,450 ~-~-> 00:30:06,720
2755		-here. The simple notion of looking for a
2756		-
2757		-690
2758		-00:30:06,720 ~-~-> 00:30:09,450
2759		-rally up after midnight now why is this
2760		-
2761		-691
2762		-00:30:09,450 ~-~-> 00:30:13,230
2763		-important? Okay, I taught a principle,
2764		-
2765		-692
2766		-00:30:13,830 ~-~-> 00:30:16,080
2767		-which is I dubbed as the power three.
2768		-
2769		-693
2770		-00:30:16,710 ~-~-> 00:30:18,330
2771		-And really what it is is a very simple
2772		-
2773		-694
2774		-00:30:19,080 ~-~-> 00:30:28,950
2775		-idea on days that are up. So all since
2776		-
2777		-695
2778		-00:30:28,950 ~-~-> 00:30:30,960
2779		-we're talking about a down move, let's
2780		-
2781		-696
2782		-00:30:30,960 ~-~-> 00:30:35,100
2783		-work with that. If we look at a candle,
2784		-
2785		-697
2786		-00:30:35,100 ~-~-> 00:30:36,570
2787		-and we're going to say this is a whole
2788		-
2789		-698
2790		-00:30:36,660 ~-~-> 00:30:38,190
2791		-full daily range, okay.
2792		-
2793		-699
2794		-00:30:39,450 ~-~-> 00:30:41,760
2795		-Against this graphic depiction of daily
2796		-
2797		-700
2798		-00:30:41,760 ~-~-> 00:30:44,400
2799		-range, I'm not I'm not going to go to a
2800		-
2801		-701
2802		-00:30:44,400 ~-~-> 00:30:46,020
2803		-daily chart and show it to you. But you
2804		-
2805		-702
2806		-00:30:46,020 ~-~-> 00:30:48,090
2807		-will be able to see in in price action
2808		-
2809		-703
2810		-00:30:48,090 ~-~-> 00:30:50,100
2811		-over here. Typically what'll happen is
2812		-
2813		-704
2814		-00:30:50,100 ~-~-> 00:30:52,830
2815		-is price will open up. trade is very,
2816		-
2817		-705
2818		-00:30:52,830 ~-~-> 00:30:54,930
2819		-very little bit above the opening price.
2820		-
2821		-706
2822		-00:30:54,930 ~-~-> 00:30:56,280
2823		-Now, what's the opening price is going
2824		-
2825		-707
2826		-00:30:56,280 ~-~-> 00:30:57,750
2827		-to be the question. Okay, well, there's
2828		-
2829		-708
2830		-00:30:57,750 ~-~-> 00:30:59,610
2831		-two opening prices that I reference.
2832		-
2833		-709
2834		-00:30:59,640 ~-~-> 00:31:03,060
2835		-It's the price at zero GMT and zero I'm
2836		-
2837		-710
2838		-00:31:03,060 ~-~-> 00:31:05,520
2839		-sorry the opening price at five GMT both
2840		-
2841		-711
2842		-00:31:05,520 ~-~-> 00:31:08,070
2843		-of those opening prices are sensitive to
2844		-
2845		-712
2846		-00:31:08,070 ~-~-> 00:31:10,980
2847		-me as a trader I want to see what we do
2848		-
2849		-713
2850		-00:31:10,980 ~-~-> 00:31:13,470
2851		-at those levels okay well how we trade
2852		-
2853		-714
2854		-00:31:13,500 ~-~-> 00:31:16,620
2855		-at above and below is important to me if
2856		-
2857		-715
2858		-00:31:16,620 ~-~-> 00:31:18,660
2859		-the context to my trading idea is the
2860		-
2861		-716
2862		-00:31:18,660 ~-~-> 00:31:20,820
2863		-dollar is rallying okay or poised to
2864		-
2865		-717
2866		-00:31:20,820 ~-~-> 00:31:23,160
2867		-rally I want to see obviously the
2868		-
2869		-718
2870		-00:31:23,160 ~-~-> 00:31:26,280
2871		-opening price in New York midnight time
2872		-
2873		-719
2874		-00:31:26,310 ~-~-> 00:31:28,560
2875		-okay. I don't like to trade during Asia
2876		-
2877		-720
2878		-00:31:28,590 ~-~-> 00:31:31,110
2879		-you can and it's not my point to teach
2880		-
2881		-721
2882		-00:31:31,110 ~-~-> 00:31:33,150
2883		-that in here. It is my point to teach
2884		-
2885		-722
2886		-00:31:33,150 ~-~-> 00:31:35,400
2887		-you that from five GMT which is New York
2888		-
2889		-723
2890		-00:31:35,430 ~-~-> 00:31:37,680
2891		-midnight time. From that point on if
2892		-
2893		-724
2894		-00:31:37,680 ~-~-> 00:31:38,880
2895		-we're poised to trade higher in the
2896		-
2897		-725
2898		-00:31:38,880 ~-~-> 00:31:40,950
2899		-dollar, you're going to expect or
2900		-
2901		-726
2902		-00:31:40,950 ~-~-> 00:31:43,410
2903		-anticipate higher price rallies after
2904		-
2905		-727
2906		-00:31:43,410 ~-~-> 00:31:46,380
2907		-midnight in the foreign currencies like
2908		-
2909		-728
2910		-00:31:46,470 ~-~-> 00:31:48,630
2911		-for instance, the cable here the British
2912		-
2913		-729
2914		-00:31:48,630 ~-~-> 00:31:49,950
2915		-pounds should rally when we see that
2916		-
2917		-730
2918		-00:31:49,950 ~-~-> 00:31:51,900
2919		-rally we do not chase that thinking it's
2920		-
2921		-731
2922		-00:31:51,900 ~-~-> 00:31:54,450
2923		-going to go higher. We look for this we
2924		-
2925		-732
2926		-00:31:54,450 ~-~-> 00:31:56,970
2927		-are we are happy to see this okay.
2928		-
2929		-733
2930		-00:31:57,180 ~-~-> 00:31:59,010
2931		-emotions can be a permitted here because
2932		-
2933		-734
2934		-00:31:59,010 ~-~-> 00:32:01,080
2935		-we are expecting this Unfold, and it
2936		-
2937		-735
2938		-00:32:01,080 ~-~-> 00:32:03,030
2939		-does unfold. Okay. So that's where
2940		-
2941		-736
2942		-00:32:03,030 ~-~-> 00:32:06,060
2943		-emotions are acceptable, we expect this,
2944		-
2945		-737
2946		-00:32:06,360 ~-~-> 00:32:08,520
2947		-this phenomenon to take place, we do not
2948		-
2949		-738
2950		-00:32:08,520 ~-~-> 00:32:09,810
2951		-get excited about taking trades we do
2952		-
2953		-739
2954		-00:32:09,810 ~-~-> 00:32:11,250
2955		-not get excited about over leveraging we
2956		-
2957		-740
2958		-00:32:11,250 ~-~-> 00:32:13,530
2959		-do not expect about anticipate making
2960		-
2961		-741
2962		-00:32:13,530 ~-~-> 00:32:15,300
2963		-money and getting excited about that we
2964		-
2965		-742
2966		-00:32:15,300 ~-~-> 00:32:16,950
2967		-are looking for the phenomenon to
2968		-
2969		-743
2970		-00:32:16,950 ~-~-> 00:32:18,930
2971		-repeat, and then growing in confidence
2972		-
2973		-744
2974		-00:32:18,930 ~-~-> 00:32:20,580
2975		-by seeing this occur over and over
2976		-
2977		-745
2978		-00:32:20,580 ~-~-> 00:32:22,560
2979		-again. But back to our analysis over
2980		-
2981		-746
2982		-00:32:22,560 ~-~-> 00:32:25,710
2983		-here. Understanding that initially,
2984		-
2985		-747
2986		-00:32:26,040 ~-~-> 00:32:27,720
2987		-price will open up and we'll say that
2988		-
2989		-748
2990		-00:32:27,720 ~-~-> 00:32:30,330
2991		-the low this portion of this of this box
2992		-
2993		-749
2994		-00:32:30,330 ~-~-> 00:32:31,620
2995		-is going to be representing the opening
2996		-
2997		-750
2998		-00:32:31,620 ~-~-> 00:32:34,650
2999		-price at the vertical line delineating
3000		-
3001		-751
3002		-00:32:34,920 ~-~-> 00:32:38,190
3003		-Midnight in New York. Okay, price will
3004		-
3005		-752
3006		-00:32:38,190 ~-~-> 00:32:40,200
3007		-open and then whatever it does above the
3008		-
3009		-753
3010		-00:32:40,200 ~-~-> 00:32:42,270
3011		-opening, that's what's important to us.
3012		-
3013		-754
3014		-00:32:42,660 ~-~-> 00:32:44,640
3015		-That's where the signal takes place. The
3016		-
3017		-755
3018		-00:32:44,640 ~-~-> 00:32:47,280
3019		-sell signal will occur above the opening
3020		-
3021		-756
3022		-00:32:47,280 ~-~-> 00:32:49,530
3023		-price. So anything at the opening price
3024		-
3025		-757
3026		-00:32:49,530 ~-~-> 00:32:52,260
3027		-or above that is our selling killing
3028		-
3029		-758
3030		-00:32:52,260 ~-~-> 00:32:53,940
3031		-ground. Okay, the killing ground is
3032		-
3033		-759
3034		-00:32:54,000 ~-~-> 00:32:56,640
3035		-above the opening price. We want to see
3036		-
3037		-760
3038		-00:32:56,910 ~-~-> 00:32:58,890
3039		-that initial little move up above the
3040		-
3041		-761
3042		-00:32:58,890 ~-~-> 00:33:00,540
3043		-opening price Now why is that? Important
3044		-
3045		-762
3046		-00:33:00,540 ~-~-> 00:33:02,700
3047		-mark, because my mentor Larry Williams
3048		-
3049		-763
3050		-00:33:02,700 ~-~-> 00:33:05,190
3051		-said, he wishes he understood how people
3052		-
3053		-764
3054		-00:33:05,190 ~-~-> 00:33:07,410
3055		-could sell up in that upper portion of
3056		-
3057		-765
3058		-00:33:07,410 ~-~-> 00:33:09,000
3059		-daily range and then capture the big
3060		-
3061		-766
3062		-00:33:09,000 ~-~-> 00:33:11,430
3063		-move going lower. Well, if he says he
3064		-
3065		-767
3066		-00:33:11,430 ~-~-> 00:33:12,930
3067		-couldn't do it, I took that as more or
3068		-
3069		-768
3070		-00:33:12,930 ~-~-> 00:33:14,850
3071		-less a challenge that hey, if he can't
3072		-
3073		-769
3074		-00:33:14,850 ~-~-> 00:33:17,520
3075		-do it, I'm gonna see if I can. And I've
3076		-
3077		-770
3078		-00:33:17,520 ~-~-> 00:33:20,460
3079		-spent the last 20 years trying to master
3080		-
3081		-771
3082		-00:33:20,460 ~-~-> 00:33:24,090
3083		-if you will, that very thing and I have
3084		-
3085		-772
3086		-00:33:24,090 ~-~-> 00:33:26,190
3087		-done very well and in terms of getting
3088		-
3089		-773
3090		-00:33:26,190 ~-~-> 00:33:29,010
3091		-very close to deciphering it. I haven't
3092		-
3093		-774
3094		-00:33:29,160 ~-~-> 00:33:31,500
3095		-quite figured it all out yet. But what I
3096		-
3097		-775
3098		-00:33:31,500 ~-~-> 00:33:33,780
3099		-figured out enough, okay is to make a
3100		-
3101		-776
3102		-00:33:33,900 ~-~-> 00:33:36,630
3103		-really wicked living. It's crazy how
3104		-
3105		-777
3106		-00:33:36,630 ~-~-> 00:33:39,210
3107		-much money is available, but in here in
3108		-
3109		-778
3110		-00:33:39,210 ~-~-> 00:33:41,340
3111		-the red portion, the box, okay, this is
3112		-
3113		-779
3114		-00:33:41,340 ~-~-> 00:33:43,140
3115		-going to equate where the sell signal
3116		-
3117		-780
3118		-00:33:43,140 ~-~-> 00:33:44,280
3119		-occurs and we'll talk more about that in
3120		-
3121		-781
3122		-00:33:44,280 ~-~-> 00:33:46,020
3123		-a minute. But your idea is you want to
3124		-
3125		-782
3126		-00:33:46,080 ~-~-> 00:33:48,780
3127		-be selling on a down day or anticipatory
3128		-
3129		-783
3130		-00:33:49,560 ~-~-> 00:33:51,960
3131		-sell selling scenario. Okay, you want to
3132		-
3133		-784
3134		-00:33:51,960 ~-~-> 00:33:53,550
3135		-be getting in here trying to find a sell
3136		-
3137		-785
3138		-00:33:53,550 ~-~-> 00:33:56,760
3139		-signal. Okay. And once you get in it,
3140		-
3141		-786
3142		-00:33:56,760 ~-~-> 00:33:59,970
3143		-you want to anticipate the daily range
3144		-
3145		-787
3146		-00:34:00,000 ~-~-> 00:34:02,160
3147		-Expanding now it'll go up and down
3148		-
3149		-788
3150		-00:34:02,160 ~-~-> 00:34:04,140
3151		-intraday. But as we make a lower low,
3152		-
3153		-789
3154		-00:34:04,410 ~-~-> 00:34:06,630
3155		-that's the daily low intraday. And as it
3156		-
3157		-790
3158		-00:34:06,630 ~-~-> 00:34:08,580
3159		-retraces it'll main times blow through
3160		-
3161		-791
3162		-00:34:08,580 ~-~-> 00:34:10,770
3163		-that new low. And as it retraces again,
3164		-
3165		-792
3166		-00:34:10,770 ~-~-> 00:34:13,050
3167		-it'll blow down lower low and eventually
3168		-
3169		-793
3170		-00:34:13,050 ~-~-> 00:34:15,960
3171		-what will happen is around London close,
3172		-
3173		-794
3174		-00:34:16,080 ~-~-> 00:34:17,280
3175		-okay, which is again, we're gonna
3176		-
3177		-795
3178		-00:34:17,280 ~-~-> 00:34:19,800
3179		-reference New York time, from 10 o'clock
3180		-
3181		-796
3182		-00:34:19,800 ~-~-> 00:34:23,160
3183		-in the morning to noon. Okay, New York
3184		-
3185		-797
3186		-00:34:23,160 ~-~-> 00:34:26,280
3187		-time. That's typically what I classify
3188		-
3189		-798
3190		-00:34:26,280 ~-~-> 00:34:28,620
3191		-as like the London close timeframe. So
3192		-
3193		-799
3194		-00:34:28,620 ~-~-> 00:34:31,350
3195		-the, if we're in a down day, the low of
3196		-
3197		-800
3198		-00:34:31,350 ~-~-> 00:34:34,320
3199		-the day will form between 10am and
3200		-
3201		-801
3202		-00:34:34,320 ~-~-> 00:34:38,490
3203		-11am 70% of the time, but it can go as
3204		-
3205		-802
3206		-00:34:38,490 ~-~-> 00:34:41,280
3207		-late as noon sometimes. And unless
3208		-
3209		-803
3210		-00:34:41,280 ~-~-> 00:34:43,260
3211		-there's a FOMC announcement or something
3212		-
3213		-804
3214		-00:34:43,260 ~-~-> 00:34:45,810
3215		-like that. Those types of events will
3216		-
3217		-805
3218		-00:34:45,810 ~-~-> 00:34:48,630
3219		-cause it to go as late as 1800 GMT, or
3220		-
3221		-806
3222		-00:34:48,630 ~-~-> 00:34:50,190
3223		-two o'clock in the afternoon, New York
3224		-
3225		-807
3226		-00:34:50,190 ~-~-> 00:34:52,290
3227		-time. Okay, so there's your parameters
3228		-
3229		-808
3230		-00:34:52,290 ~-~-> 00:34:54,000
3231		-in terms of time, but what you're
3232		-
3233		-809
3234		-00:34:54,000 ~-~-> 00:34:55,320
3235		-looking for if you want to see that
3236		-
3237		-810
3238		-00:34:55,320 ~-~-> 00:34:58,050
3239		-largest degree of time to permit the
3240		-
3241		-811
3242		-00:34:58,050 ~-~-> 00:35:00,690
3243		-daily rains to unfold Now let's take a
3244		-
3245		-812
3246		-00:35:00,690 ~-~-> 00:35:02,880
3247		-look at what that looks like in this
3248		-
3249		-813
3250		-00:35:02,880 ~-~-> 00:35:04,440
3251		-daily range here. Obviously, we have the
3252		-
3253		-814
3254		-00:35:04,440 ~-~-> 00:35:05,820
3255		-optimal trade entry in here to sell
3256		-
3257		-815
3258		-00:35:05,820 ~-~-> 00:35:08,640
3259		-signals right up here. And I'm going to
3260		-
3261		-816
3262		-00:35:09,510 ~-~-> 00:35:12,930
3263		-rack it out with this little box here,
3264		-
3265		-817
3266		-00:35:13,650 ~-~-> 00:35:18,840
3267		-when price entered the sell zone, okay?
3268		-
3269		-818
3270		-00:35:19,380 ~-~-> 00:35:21,540
3271		-For the optimal trade entry, okay? And
3272		-
3273		-819
3274		-00:35:21,540 ~-~-> 00:35:24,900
3275		-what I'm doing is I'm mapping out this
3276		-
3277		-820
3278		-00:35:24,900 ~-~-> 00:35:28,410
3279		-box, this crude depiction of our daily
3280		-
3281		-821
3282		-00:35:28,410 ~-~-> 00:35:29,940
3283		-range here in a second to like, get the
3284		-
3285		-822
3286		-00:35:29,940 ~-~-> 00:35:32,580
3287		-colors matching like it should. Okay,
3288		-
3289		-823
3290		-00:35:32,580 ~-~-> 00:35:33,360
3291		-right up in here.
3292		-
3293		-824
3294		-00:35:34,500 ~-~-> 00:35:36,510
3295		-This little area here is this point
3296		-
3297		-825
3298		-00:35:36,510 ~-~-> 00:35:39,660
3299		-right here on our idea graphically, what
3300		-
3301		-826
3302		-00:35:39,660 ~-~-> 00:35:42,150
3303		-a down day looks like on a daily range,
3304		-
3305		-827
3306		-00:35:42,510 ~-~-> 00:35:44,940
3307		-okay, this is that right there, okay,
3308		-
3309		-828
3310		-00:35:45,300 ~-~-> 00:35:48,150
3311		-this Maroon portion or the range
3312		-
3313		-829
3314		-00:35:48,150 ~-~-> 00:35:50,310
3315		-expansion or profit release portion of
3316		-
3317		-830
3318		-00:35:50,310 ~-~-> 00:35:52,710
3319		-the down day, where the largest lion's
3320		-
3321		-831
3322		-00:35:52,710 ~-~-> 00:35:55,260
3323		-share of the move occurs, okay. That
3324		-
3325		-832
3326		-00:35:55,260 ~-~-> 00:35:57,360
3327		-will occur from the entry point to
3328		-
3329		-833
3330		-00:35:57,360 ~-~-> 00:36:02,280
3331		-happens in London, open to as As 1800
3332		-
3333		-834
3334		-00:36:02,280 ~-~-> 00:36:05,340
3335		-GMT for FOMC days, okay, or two o'clock
3336		-
3337		-835
3338		-00:36:05,340 ~-~-> 00:36:07,590
3339		-in the afternoon, New York time, okay?
3340		-
3341		-836
3342		-00:36:08,640 ~-~-> 00:36:11,070
3343		-Ideally, the opposite end of the range
3344		-
3345		-837
3346		-00:36:11,070 ~-~-> 00:36:12,840
3347		-or in this case, the low The day will
3348		-
3349		-838
3350		-00:36:12,840 ~-~-> 00:36:16,410
3351		-form between 10 o'clock and 11 o'clock
3352		-
3353		-839
3354		-00:36:16,410 ~-~-> 00:36:18,420
3355		-in the morning New York time, which
3356		-
3357		-840
3358		-00:36:18,420 ~-~-> 00:36:22,230
3359		-translates to 1500 GMT to 1600 GMT.
3360		-
3361		-841
3362		-00:36:22,530 ~-~-> 00:36:25,770
3363		-Okay. But again, you got allow some a
3364		-
3365		-842
3366		-00:36:25,770 ~-~-> 00:36:28,320
3367		-little bit of fudge factor for it may
3368		-
3369		-843
3370		-00:36:28,410 ~-~-> 00:36:30,240
3371		-monkey around till noon, but generally I
3372		-
3373		-844
3374		-00:36:30,240 ~-~-> 00:36:32,640
3375		-think you'll see that if you if you put
3376		-
3377		-845
3378		-00:36:32,640 ~-~-> 00:36:35,820
3379		-the reference points of 1500 to 1600 GMT
3380		-
3381		-846
3382		-00:36:35,820 ~-~-> 00:36:37,470
3383		-or basically 10 o'clock in the morning
3384		-
3385		-847
3386		-00:36:37,470 ~-~-> 00:36:39,090
3387		-till 11 o'clock in the morning, New York
3388		-
3389		-848
3390		-00:36:39,090 ~-~-> 00:36:41,430
3391		-time, that will be the opposite end of
3392		-
3393		-849
3394		-00:36:41,430 ~-~-> 00:36:43,260
3395		-the range of the daily range. In other
3396		-
3397		-850
3398		-00:36:43,260 ~-~-> 00:36:45,180
3399		-words, if the low I'm sorry, if the
3400		-
3401		-851
3402		-00:36:45,180 ~-~-> 00:36:48,420
3403		-highs made in London open, the low of
3404		-
3405		-852
3406		-00:36:48,420 ~-~-> 00:36:51,630
3407		-the day will form between 10 o'clock and
3408		-
3409		-853
3410		-00:36:51,630 ~-~-> 00:36:53,700
3411		-11 o'clock in the morning. Okay, New
3412		-
3413		-854
3414		-00:36:53,700 ~-~-> 00:36:55,860
3415		-York time. And that's pretty much how
3416		-
3417		-855
3418		-00:36:56,220 ~-~-> 00:36:57,960
3419		-the daily ranges unfold. So the market
3420		-
3421		-856
3422		-00:36:57,960 ~-~-> 00:36:59,850
3423		-makers are actually doing their work and
3424		-
3425		-857
3426		-00:36:59,850 ~-~-> 00:37:02,070
3427		-Brad Cutting and capping the market high
3428		-
3429		-858
3430		-00:37:02,070 ~-~-> 00:37:03,840
3431		-and low at the specific times of the
3432		-
3433		-859
3434		-00:37:03,840 ~-~-> 00:37:05,700
3435		-day. And generally volume really
3436		-
3437		-860
3438		-00:37:06,060 ~-~-> 00:37:08,160
3439		-increases in interest. The highest point
3440		-
3441		-861
3442		-00:37:08,160 ~-~-> 00:37:10,440
3443		-here and falls off in the latter portion
3444		-
3445		-862
3446		-00:37:10,470 ~-~-> 00:37:12,390
3447		-of London close in this year is usually
3448		-
3449		-863
3450		-00:37:12,390 ~-~-> 00:37:14,640
3451		-what typically drives the internals
3452		-
3453		-864
3454		-00:37:14,640 ~-~-> 00:37:20,040
3455		-behind why this does occur. So, market
3456		-
3457		-865
3458		-00:37:20,040 ~-~-> 00:37:25,200
3459		-trades down, makes a low right here.
3460		-
3461		-866
3462		-00:37:25,710 ~-~-> 00:37:27,060
3463		-This is the low of the day and this is
3464		-
3465		-867
3466		-00:37:27,060 ~-~-> 00:37:29,460
3467		-an ugly intraday price action, but
3468		-
3469		-868
3470		-00:37:29,490 ~-~-> 00:37:31,650
3471		-still, nonetheless, it'll help us as it
3472		-
3473		-869
3474		-00:37:31,650 ~-~-> 00:37:33,840
3475		-relates to understanding what price
3476		-
3477		-870
3478		-00:37:33,870 ~-~-> 00:37:38,070
3479		-should do and shouldn't do. The big
3480		-
3481		-871
3482		-00:37:38,070 ~-~-> 00:37:41,820
3483		-portion of this graphic depiction of a
3484		-
3485		-872
3486		-00:37:41,820 ~-~-> 00:37:44,340
3487		-daily range, okay, we have the opening
3488		-
3489		-873
3490		-00:37:44,640 ~-~-> 00:37:45,960
3491		-the dilly dally around the opening price
3492		-
3493		-874
3494		-00:37:45,960 ~-~-> 00:37:47,460
3495		-for a little while then rallies up.
3496		-
3497		-875
3498		-00:37:47,490 ~-~-> 00:37:49,140
3499		-That's what we're looking for. That's
3500		-
3501		-876
3502		-00:37:49,140 ~-~-> 00:37:52,830
3503		-the Judas swing. Okay. That's the open
3504		-
3505		-877
3506		-00:37:52,860 ~-~-> 00:37:55,440
3507		-rally decline scenario we'd like to look
3508		-
3509		-878
3510		-00:37:55,440 ~-~-> 00:37:57,270
3511		-for Okay, all right. We're making the
3512		-
3513		-879
3514		-00:37:57,450 ~-~-> 00:37:59,100
3515		-high today first. Now, again, I'm not
3516		-
3517		-880
3518		-00:37:59,100 ~-~-> 00:38:00,180
3519		-going to argue that we didn't Have a
3520		-
3521		-881
3522		-00:38:00,180 ~-~-> 00:38:03,030
3523		-higher, high back here. But I'm
3524		-
3525		-882
3526		-00:38:03,060 ~-~-> 00:38:05,430
3527		-referencing New York midnight time as
3528		-
3529		-883
3530		-00:38:05,430 ~-~-> 00:38:07,380
3531		-the beginning of my new trading day.
3532		-
3533		-884
3534		-00:38:08,010 ~-~-> 00:38:09,750
3535		-Please don't get in arguments with me.
3536		-
3537		-885
3538		-00:38:09,780 ~-~-> 00:38:11,520
3539		-That's not the trading days beginning. I
3540		-
3541		-886
3542		-00:38:11,520 ~-~-> 00:38:13,230
3543		-don't care what your opinion is again. I
3544		-
3545		-887
3546		-00:38:13,230 ~-~-> 00:38:15,240
3547		-mean, it'd be rude, okay, but you're
3548		-
3549		-888
3550		-00:38:15,240 ~-~-> 00:38:16,920
3551		-watching my videos. I'm not, I'm not
3552		-
3553		-889
3554		-00:38:16,920 ~-~-> 00:38:19,080
3555		-subscribing to your views. I make a
3556		-
3557		-890
3558		-00:38:19,080 ~-~-> 00:38:21,480
3559		-living doing this, a lot of it. So it's
3560		-
3561		-891
3562		-00:38:21,480 ~-~-> 00:38:23,580
3563		-important that you understand how I'm
3564		-
3565		-892
3566		-00:38:23,640 ~-~-> 00:38:26,340
3567		-interpreting price. Okay, that's, that's
3568		-
3569		-893
3570		-00:38:26,340 ~-~-> 00:38:27,600
3571		-the whole reason why we're doing this,
3572		-
3573		-894
3574		-00:38:27,600 ~-~-> 00:38:30,030
3575		-okay. It's not for me to learn from
3576		-
3577		-895
3578		-00:38:30,030 ~-~-> 00:38:32,730
3579		-anyone else. I'm, I've arrived at what I
3580		-
3581		-896
3582		-00:38:32,730 ~-~-> 00:38:35,190
3583		-understand in markets. So I'm
3584		-
3585		-897
3586		-00:38:35,190 ~-~-> 00:38:37,080
3587		-comfortable with that. I'm not forcing
3588		-
3589		-898
3590		-00:38:37,080 ~-~-> 00:38:39,330
3591		-my views. I'm not forcing you to do this
3592		-
3593		-899
3594		-00:38:39,330 ~-~-> 00:38:42,780
3595		-only. It's up to your interpretation and
3596		-
3597		-900
3598		-00:38:42,780 ~-~-> 00:38:44,370
3599		-whether or not it's valid or not, okay,
3600		-
3601		-901
3602		-00:38:44,370 ~-~-> 00:38:47,040
3603		-and I, I challenge you to, to put it to
3604		-
3605		-902
3606		-00:38:47,040 ~-~-> 00:38:50,370
3607		-its test. You'll see while it's not 100%
3608		-
3609		-903
3610		-00:38:50,370 ~-~-> 00:38:52,890
3611		-and nothing ever is, this will give you
3612		-
3613		-904
3614		-00:38:52,890 ~-~-> 00:38:54,450
3615		-exactly what you're looking for. And
3616		-
3617		-905
3618		-00:38:54,450 ~-~-> 00:38:55,710
3619		-that's the reason why I open up these
3620		-
3621		-906
3622		-00:38:55,710 ~-~-> 00:38:57,330
3623		-videos with that statement. I know
3624		-
3625		-907
3626		-00:38:57,330 ~-~-> 00:38:59,220
3627		-exactly what you're looking for. It's
3628		-
3629		-908
3630		-00:38:59,220 ~-~-> 00:39:01,500
3631		-with every trader. Looking for, but no
3632		-
3633		-909
3634		-00:39:01,500 ~-~-> 00:39:04,740
3635		-one is willing to, you know basically
3636		-
3637		-910
3638		-00:39:05,490 ~-~-> 00:39:08,580
3639		-withdraw from their treasured views and
3640		-
3641		-911
3642		-00:39:08,580 ~-~-> 00:39:10,410
3643		-ideas and their techniques and their
3644		-
3645		-912
3646		-00:39:10,410 ~-~-> 00:39:13,500
3647		-applications of indicators. If you just
3648		-
3649		-913
3650		-00:39:13,620 ~-~-> 00:39:15,660
3651		-put that aside for a moment, okay and
3652		-
3653		-914
3654		-00:39:15,660 ~-~-> 00:39:16,740
3655		-it's I know it's difficult because
3656		-
3657		-915
3658		-00:39:16,740 ~-~-> 00:39:18,090
3659		-you're passionate about what you already
3660		-
3661		-916
3662		-00:39:18,690 ~-~-> 00:39:20,490
3663		-believe you understood about the market
3664		-
3665		-917
3666		-00:39:20,520 ~-~-> 00:39:23,640
3667		-okay? When you remove all that stuff,
3668		-
3669		-918
3670		-00:39:23,670 ~-~-> 00:39:25,740
3671		-okay and I'm being nice by saying stuff
3672		-
3673		-919
3674		-00:39:26,160 ~-~-> 00:39:30,090
3675		-get to the core root of why price moves
3676		-
3677		-920
3678		-00:39:30,090 ~-~-> 00:39:32,040
3679		-like it does and when it does, okay and
3680		-
3681		-921
3682		-00:39:32,040 ~-~-> 00:39:33,990
3683		-who's doing the movement Okay, then it
3684		-
3685		-922
3686		-00:39:33,990 ~-~-> 00:39:36,900
3687		-becomes a suddenly you know, much easier
3688		-
3689		-923
3690		-00:39:37,020 ~-~-> 00:39:39,300
3691		-environment to work within. Okay, so
3692		-
3693		-924
3694		-00:39:39,300 ~-~-> 00:39:40,860
3695		-let's get back to this example here and
3696		-
3697		-925
3698		-00:39:40,890 ~-~-> 00:39:43,830
3699		-opening up in here into the price above
3700		-
3701		-926
3702		-00:39:43,860 ~-~-> 00:39:45,420
3703		-the movement above the opening price at
3704		-
3705		-927
3706		-00:39:45,420 ~-~-> 00:39:47,520
3707		-midnight. Okay, that's the classical
3708		-
3709		-928
3710		-00:39:47,700 ~-~-> 00:39:50,670
3711		-London open ICT sell scenario. Okay, we
3712		-
3713		-929
3714		-00:39:50,670 ~-~-> 00:39:54,900
3715		-are expecting a bounce. Based on this
3716		-
3717		-930
3718		-00:39:54,900 ~-~-> 00:39:56,370
3719		-level up here we broke through
3720		-
3721		-931
3722		-00:39:56,880 ~-~-> 00:39:58,740
3723		-resistance broken later turns support.
3724		-
3725		-932
3726		-00:39:58,740 ~-~-> 00:40:01,470
3727		-This was noted When the price ran
3728		-
3729		-933
3730		-00:40:01,470 ~-~-> 00:40:04,440
3731		-through here, live, not this day, not
3732		-
3733		-934
3734		-00:40:04,440 ~-~-> 00:40:06,690
3735		-this day. Not this day, not now. Okay?
3736		-
3737		-935
3738		-00:40:06,870 ~-~-> 00:40:08,640
3739		-This was all on the chart in a live
3740		-
3741		-936
3742		-00:40:08,640 ~-~-> 00:40:11,130
3743		-session with witnesses that I expected
3744		-
3745		-937
3746		-00:40:11,130 ~-~-> 00:40:14,070
3747		-this environment to unfold. Okay. So
3748		-
3749		-938
3750		-00:40:14,070 ~-~-> 00:40:16,170
3751		-again, understanding risk on risk off.
3752		-
3753		-939
3754		-00:40:16,380 ~-~-> 00:40:18,090
3755		-This would be a risk off scenario if we
3756		-
3757		-940
3758		-00:40:18,090 ~-~-> 00:40:20,580
3759		-anticipate a bounce at that level. Going
3760		-
3761		-941
3762		-00:40:20,580 ~-~-> 00:40:21,990
3763		-back to our cable, we're looking for
3764		-
3765		-942
3766		-00:40:21,990 ~-~-> 00:40:24,870
3767		-sell scenarios. Okay, so now, what does
3768		-
3769		-943
3770		-00:40:24,870 ~-~-> 00:40:26,100
3771		-that look like? Well, it's going to be a
3772		-
3773		-944
3774		-00:40:26,100 ~-~-> 00:40:28,740
3775		-down date in a move that is going lower
3776		-
3777		-945
3778		-00:40:28,800 ~-~-> 00:40:31,140
3779		-if you look at daily charts, okay. daily
3780		-
3781		-946
3782		-00:40:31,140 ~-~-> 00:40:32,940
3783		-charts will show this.
3784		-
3785		-947
3786		-00:40:33,960 ~-~-> 00:40:36,540
3787		-Let's pull up a virgin chart here on a
3788		-
3789		-948
3790		-00:40:36,540 ~-~-> 00:40:41,730
3791		-cable. And we'll just do a daily with
3792		-
3793		-949
3794		-00:40:41,730 ~-~-> 00:40:46,950
3795		-the open High, Low close. And I notice
3796		-
3797		-950
3798		-00:40:46,950 ~-~-> 00:40:48,600
3799		-it's probably alien to most of you,
3800		-
3801		-951
3802		-00:40:48,600 ~-~-> 00:40:52,560
3803		-you're all been indoctrinated to the
3804		-
3805		-952
3806		-00:40:52,560 ~-~-> 00:40:56,070
3807		-world of candlesticks, but yeah, it is
3808		-
3809		-953
3810		-00:40:56,070 ~-~-> 00:40:58,080
3811		-what it is a guess. Let's go to a daily
3812		-
3813		-954
3814		-00:40:58,080 ~-~-> 00:40:58,500
3815		-chart.
3816		-
3817		-955
3818		-00:41:05,220 ~-~-> 00:41:08,190
3819		-Okay, and this is Wednesday, Tuesday,
3820		-
3821		-956
3822		-00:41:08,220 ~-~-> 00:41:11,130
3823		-Monday, Sunday, Friday. This is the
3824		-
3825		-957
3826		-00:41:11,130 ~-~-> 00:41:12,990
3827		-environment that I was just describing.
3828		-
3829		-958
3830		-00:41:15,480 ~-~-> 00:41:18,990
3831		-Go out here and zoom out. We are this
3832		-
3833		-959
3834		-00:41:18,990 ~-~-> 00:41:21,060
3835		-opening scene a little bit of a movement
3836		-
3837		-960
3838		-00:41:21,060 ~-~-> 00:41:23,610
3839		-above. Okay? The reason why it's showing
3840		-
3841		-961
3842		-00:41:23,610 ~-~-> 00:41:25,110
3843		-just very little movement above the
3844		-
3845		-962
3846		-00:41:25,110 ~-~-> 00:41:26,760
3847		-opening is because this opening price is
3848		-
3849		-963
3850		-00:41:26,760 ~-~-> 00:41:28,560
3851		-referencing the opening price at zero
3852		-
3853		-964
3854		-00:41:28,560 ~-~-> 00:41:32,820
3855		-GMT. Okay. But the overall pattern,
3856		-
3857		-965
3858		-00:41:32,880 ~-~-> 00:41:34,980
3859		-okay, what I was describing in my
3860		-
3861		-966
3862		-00:41:35,010 ~-~-> 00:41:37,140
3863		-graphic depiction is this really, okay,
3864		-
3865		-967
3866		-00:41:37,140 ~-~-> 00:41:39,960
3867		-you see the opening, trades up this up
3868		-
3869		-968
3870		-00:41:39,960 ~-~-> 00:41:43,920
3871		-move occurs many, many times from the
3872		-
3873		-969
3874		-00:41:45,630 ~-~-> 00:41:47,430
3875		-the reference point of Midnight in New
3876		-
3877		-970
3878		-00:41:47,430 ~-~-> 00:41:50,130
3879		-York. If you look at the rally from that
3880		-
3881		-971
3882		-00:41:50,130 ~-~-> 00:41:53,460
3883		-point on, that's where this occurs. can
3884		-
3885		-972
3886		-00:41:53,460 ~-~-> 00:41:55,260
3887		-it happen in Asia like it does here?
3888		-
3889		-973
3890		-00:41:55,290 ~-~-> 00:41:57,420
3891		-Sure. Okay, but it doesn't change the
3892		-
3893		-974
3894		-00:41:57,420 ~-~-> 00:41:59,850
3895		-fact you still can find the moves. Okay.
3896		-
3897		-975
3898		-00:41:59,880 ~-~-> 00:42:02,610
3899		-You The Midnight timeframe looking for
3900		-
3901		-976
3902		-00:42:02,610 ~-~-> 00:42:03,870
3903		-that Judas swing. Now I'm gonna talk
3904		-
3905		-977
3906		-00:42:03,870 ~-~-> 00:42:05,040
3907		-more about the Judas swing in a moment.
3908		-
3909		-978
3910		-00:42:05,040 ~-~-> 00:42:06,930
3911		-But this is the phenomenon that we are
3912		-
3913		-979
3914		-00:42:06,930 ~-~-> 00:42:08,970
3915		-expected to see this open. Now this is
3916		-
3917		-980
3918		-00:42:08,970 ~-~-> 00:42:10,830
3919		-not the day, obviously. But I'm showing
3920		-
3921		-981
3922		-00:42:10,830 ~-~-> 00:42:12,150
3923		-you what it looks like just like it is
3924		-
3925		-982
3926		-00:42:12,150 ~-~-> 00:42:14,310
3927		-here, we see the opening the move up.
3928		-
3929		-983
3930		-00:42:15,150 ~-~-> 00:42:16,890
3931		-really look at what's going on here.
3932		-
3933		-984
3934		-00:42:17,160 ~-~-> 00:42:21,930
3935		-Okay, this is daily chart. These bars
3936		-
3937		-985
3938		-00:42:22,320 ~-~-> 00:42:25,260
3939		-represent the full daily ranges for each
3940		-
3941		-986
3942		-00:42:25,260 ~-~-> 00:42:27,900
3943		-trading day for the cable. Look at
3944		-
3945		-987
3946		-00:42:27,900 ~-~-> 00:42:29,670
3947		-what's been going on for the entire time
3948		-
3949		-988
3950		-00:42:29,670 ~-~-> 00:42:31,170
3951		-this thing's been going lower. How many
3952		-
3953		-989
3954		-00:42:31,170 ~-~-> 00:42:33,720
3955		-days does it do this phenomenon? Watch.
3956		-
3957		-990
3958		-00:42:33,900 ~-~-> 00:42:36,270
3959		-I gave you guys an example or a study
3960		-
3961		-991
3962		-00:42:36,270 ~-~-> 00:42:37,230
3963		-and it came and I'm actually
3964		-
3965		-992
3966		-00:42:37,230 ~-~-> 00:42:38,700
3967		-incorporating it in here in this
3968		-
3969		-993
3970		-00:42:38,700 ~-~-> 00:42:41,040
3971		-description of the things that I've done
3972		-
3973		-994
3974		-00:42:41,070 ~-~-> 00:42:42,240
3975		-over the last four years. So I'm going
3976		-
3977		-995
3978		-00:42:42,240 ~-~-> 00:42:44,250
3979		-to answer on the drills that I gave you
3980		-
3981		-996
3982		-00:42:44,280 ~-~-> 00:42:48,300
3983		-now. I told everyone study price in the
3984		-
3985		-997
3986		-00:42:48,300 ~-~-> 00:42:50,580
3987		-whole month of June was on holiday. And
3988		-
3989		-998
3990		-00:42:50,610 ~-~-> 00:42:52,020
3991		-I want you to do these types of things.
3992		-
3993		-999
3994		-00:42:52,020 ~-~-> 00:42:54,150
3995		-Now. I'm going to reference June in a
3996		-
3997		-1000
3998		-00:42:54,150 ~-~-> 00:42:55,560
3999		-moment but for right now let's take a
4000		-
4001		-1001
4002		-00:42:55,560 ~-~-> 00:42:57,360
4003		-look. Take a look at what's going on for
4004		-
4005		-1002
4006		-00:42:57,360 ~-~-> 00:42:59,610
4007		-the cable in this pro long down move.
4008		-
4009		-1003
4010		-00:42:59,610 ~-~-> 00:43:01,590
4011		-Let's catch The days that we had an open
4012		-
4013		-1004
4014		-00:43:01,590 ~-~-> 00:43:04,050
4015		-rally and in a down day close okay in
4016		-
4017		-1005
4018		-00:43:04,050 ~-~-> 00:43:07,320
4019		-other words it will have open a high and
4020		-
4021		-1006
4022		-00:43:07,320 ~-~-> 00:43:10,680
4023		-then a lower close. Okay watch we have
4024		-
4025		-1007
4026		-00:43:10,710 ~-~-> 00:43:12,210
4027		-one here even though we're a little bit
4028		-
4029		-1008
4030		-00:43:12,210 ~-~-> 00:43:13,470
4031		-off to opening it still gave an
4032		-
4033		-1009
4034		-00:43:13,470 ~-~-> 00:43:15,090
4035		-opportunity to make money on a down move
4036		-
4037		-1010
4038		-00:43:15,180 ~-~-> 00:43:17,730
4039		-intraday. Here's a second one down
4040		-
4041		-1011
4042		-00:43:17,730 ~-~-> 00:43:23,250
4043		-close. third Sunday who cares didn't do
4044		-
4045		-1012
4046		-00:43:23,250 ~-~-> 00:43:26,550
4047		-anything. Monday open rail rally down
4048		-
4049		-1013
4050		-00:43:26,550 ~-~-> 00:43:30,330
4051		-close, open rally went close lower, but
4052		-
4053		-1014
4054		-00:43:30,330 ~-~-> 00:43:32,310
4055		-we had intraday range below the opening.
4056		-
4057		-1015
4058		-00:43:33,120 ~-~-> 00:43:36,810
4059		-Open, rally, down, close, open, rally
4060		-
4061		-1016
4062		-00:43:36,840 ~-~-> 00:43:39,480
4063		-down, close, open, rally down close,
4064		-
4065		-1017
4066		-00:43:39,600 ~-~-> 00:43:42,930
4067		-Sunday unchanged. Open, rally down,
4068		-
4069		-1018
4070		-00:43:42,930 ~-~-> 00:43:45,660
4071		-close, open, rally down close, open,
4072		-
4073		-1019
4074		-00:43:45,690 ~-~-> 00:43:48,450
4075		-rally down close, open, rally down
4076		-
4077		-1020
4078		-00:43:48,450 ~-~-> 00:43:51,750
4079		-close. You see that. Now listen to me
4080		-
4081		-1021
4082		-00:43:51,750 ~-~-> 00:43:55,650
4083		-guys, okay. I don't care who you
4084		-
4085		-1022
4086		-00:43:55,650 ~-~-> 00:43:58,770
4087		-subscribed to. I don't care which author
4088		-
4089		-1023
4090		-00:43:58,770 ~-~-> 00:44:00,840
4091		-you read the most and Have the most
4092		-
4093		-1024
4094		-00:44:00,900 ~-~-> 00:44:03,510
4095		-adoration for okay. I'm going to tell
4096		-
4097		-1025
4098		-00:44:03,510 ~-~-> 00:44:06,060
4099		-you something right now, if this
4100		-
4101		-1026
4102		-00:44:06,060 ~-~-> 00:44:08,910
4103		-information is generic and as simple, as
4104		-
4105		-1027
4106		-00:44:08,910 ~-~-> 00:44:11,070
4107		-I just explained, does not knock your
4108		-
4109		-1028
4110		-00:44:11,070 ~-~-> 00:44:13,440
4111		-socks off. You haven't been paying
4112		-
4113		-1029
4114		-00:44:13,440 ~-~-> 00:44:16,800
4115		-attention. Everyone wants to make money.
4116		-
4117		-1030
4118		-00:44:17,490 ~-~-> 00:44:19,800
4119		-Everyone wants to find trades. Everyone
4120		-
4121		-1031
4122		-00:44:19,800 ~-~-> 00:44:20,820
4123		-wants to know what the directional
4124		-
4125		-1032
4126		-00:44:20,820 ~-~-> 00:44:23,580
4127		-premise is. This just answered all those
4128		-
4129		-1033
4130		-00:44:23,580 ~-~-> 00:44:25,590
4131		-things for you. How many trading
4132		-
4133		-1034
4134		-00:44:25,590 ~-~-> 00:44:27,870
4135		-opportunities was this just in the last
4136		-
4137		-1035
4138		-00:44:27,870 ~-~-> 00:44:31,380
4139		-month? Think about it in the last month,
4140		-
4141		-1036
4142		-00:44:31,380 ~-~-> 00:44:33,690
4143		-how many trading opportunities tons?
4144		-
4145		-1037
4146		-00:44:34,050 ~-~-> 00:44:37,530
4147		-Absolute tons. If you were trading with
4148		-
4149		-1038
4150		-00:44:37,560 ~-~-> 00:44:39,690
4151		-even with the wrong bias back here, say
4152		-
4153		-1039
4154		-00:44:39,690 ~-~-> 00:44:41,580
4155		-you were trying to sell every single day
4156		-
4157		-1040
4158		-00:44:41,580 ~-~-> 00:44:44,400
4159		-in here. Okay. And say you were you
4160		-
4161		-1041
4162		-00:44:44,400 ~-~-> 00:44:47,010
4163		-know, your absolute captured down moves.
4164		-
4165		-1042
4166		-00:44:47,010 ~-~-> 00:44:49,230
4167		-Okay. The days that had an opening and
4168		-
4169		-1043
4170		-00:44:49,230 ~-~-> 00:44:51,000
4171		-rally Okay, maybe you lost on this day.
4172		-
4173		-1044
4174		-00:44:51,000 ~-~-> 00:44:53,850
4175		-Who cares? What about this one here?
4176		-
4177		-1045
4178		-00:44:54,480 ~-~-> 00:44:56,070
4179		-Maybe you didn't do anything there. You
4180		-
4181		-1046
4182		-00:44:56,070 ~-~-> 00:44:58,890
4183		-made something here. How about this day,
4184		-
4185		-1047
4186		-00:44:58,920 ~-~-> 00:45:00,270
4187		-you probably would have lost money. Tell
4188		-
4189		-1048
4190		-00:45:00,270 ~-~-> 00:45:01,110
4191		-it this one, you probably would have
4192		-
4193		-1049
4194		-00:45:01,110 ~-~-> 00:45:02,610
4195		-lost money. What about this one? You
4196		-
4197		-1050
4198		-00:45:02,610 ~-~-> 00:45:04,380
4199		-made money? What about this one? You
4200		-
4201		-1051
4202		-00:45:04,380 ~-~-> 00:45:06,810
4203		-made money. So you had two losses two
4204		-
4205		-1052
4206		-00:45:06,810 ~-~-> 00:45:10,410
4207		-wins. It shouldn't bother you that
4208		-
4209		-1053
4210		-00:45:10,410 ~-~-> 00:45:11,550
4211		-you're going to have a losing day that
4212		-
4213		-1054
4214		-00:45:11,550 ~-~-> 00:45:12,570
4215		-you're going to be wrong because I'm
4216		-
4217		-1055
4218		-00:45:12,570 ~-~-> 00:45:14,490
4219		-gonna tell you right now, write this
4220		-
4221		-1056
4222		-00:45:14,490 ~-~-> 00:45:17,160
4223		-down in your notes. Inner Circle trader,
4224		-
4225		-1057
4226		-00:45:17,490 ~-~-> 00:45:20,820
4227		-Michael, Joe Huddleston promises you
4228		-
4229		-1058
4230		-00:45:20,910 ~-~-> 00:45:23,190
4231		-guaranteed you that you're losing money
4232		-
4233		-1059
4234		-00:45:23,250 ~-~-> 00:45:25,110
4235		-using this stuff that I'm teaching,
4236		-
4237		-1060
4238		-00:45:25,140 ~-~-> 00:45:27,150
4239		-you're losing money. I'm telling you
4240		-
4241		-1061
4242		-00:45:27,180 ~-~-> 00:45:28,530
4243		-upfront, you're going to lose money.
4244		-
4245		-1062
4246		-00:45:29,040 ~-~-> 00:45:32,250
4247		-Now, if you listen to me, the losses
4248		-
4249		-1063
4250		-00:45:32,250 ~-~-> 00:45:33,900
4251		-that you incur are going to be very
4252		-
4253		-1064
4254		-00:45:33,900 ~-~-> 00:45:35,880
4255		-manageable and they're not going to take
4256		-
4257		-1065
4258		-00:45:35,880 ~-~-> 00:45:38,610
4259		-you out of the game. And also on that
4260		-
4261		-1066
4262		-00:45:38,610 ~-~-> 00:45:41,310
4263		-same coin, flip it over when you listen
4264		-
4265		-1067
4266		-00:45:41,370 ~-~-> 00:45:44,460
4267		-and the trades pan out the level of
4268		-
4269		-1068
4270		-00:45:44,460 ~-~-> 00:45:46,770
4271		-money that you make okay or is
4272		-
4273		-1069
4274		-00:45:46,770 ~-~-> 00:45:48,720
4275		-available, I should say. Let's rephrase
4276		-
4277		-1070
4278		-00:45:48,720 ~-~-> 00:45:51,690
4279		-that. If you follow all the rules, the
4280		-
4281		-1071
4282		-00:45:51,690 ~-~-> 00:45:52,620
4283		-ideas will
4284		-
4285		-1072
4286		-00:45:52,799 ~-~-> 00:45:55,559
4287		-more than adequate, erase the losing
4288		-
4289		-1073
4290		-00:45:55,559 ~-~-> 00:45:58,169
4291		-trades and show you a net gain. How much
4292		-
4293		-1074
4294		-00:45:58,169 ~-~-> 00:45:59,669
4295		-of a net gain is going to be dependent
4296		-
4297		-1075
4298		-00:45:59,669 ~-~-> 00:46:02,039
4299		-upon Level trader, the experience and
4300		-
4301		-1076
4302		-00:46:02,039 ~-~-> 00:46:03,419
4303		-the risk that you're willing to assume.
4304		-
4305		-1077
4306		-00:46:04,109 ~-~-> 00:46:06,749
4307		-Keeping risk limited, obviously, as a
4308		-
4309		-1078
4310		-00:46:06,749 ~-~-> 00:46:08,309
4311		-new trader, if you're just now getting
4312		-
4313		-1079
4314		-00:46:08,309 ~-~-> 00:46:10,409
4315		-into this stuff with me as in terms of
4316		-
4317		-1080
4318		-00:46:10,409 ~-~-> 00:46:12,869
4319		-my methods, okay? Or even training at
4320		-
4321		-1081
4322		-00:46:12,869 ~-~-> 00:46:14,999
4323		-all, you should be trading about one
4324		-
4325		-1082
4326		-00:46:14,999 ~-~-> 00:46:18,809
4327		-quarter of 1% risk, even in a demo
4328		-
4329		-1083
4330		-00:46:18,809 ~-~-> 00:46:22,499
4331		-account. I know that's not sexy, but
4332		-
4333		-1084
4334		-00:46:22,499 ~-~-> 00:46:23,999
4335		-it's not now it's not about making money
4336		-
4337		-1085
4338		-00:46:23,999 ~-~-> 00:46:25,829
4339		-right now. It's about understanding what
4340		-
4341		-1086
4342		-00:46:25,829 ~-~-> 00:46:27,899
4343		-you're doing. Think about it. Say you
4344		-
4345		-1087
4346		-00:46:27,899 ~-~-> 00:46:30,419
4347		-want to be an auto mechanic. Okay, you
4348		-
4349		-1088
4350		-00:46:30,419 ~-~-> 00:46:32,279
4351		-sign up for your schooling and you want
4352		-
4353		-1089
4354		-00:46:32,279 ~-~-> 00:46:33,629
4355		-to get in and they give you a textbook,
4356		-
4357		-1090
4358		-00:46:33,659 ~-~-> 00:46:34,769
4359		-are they gonna let you go out there and
4360		-
4361		-1091
4362		-00:46:34,769 ~-~-> 00:46:39,779
4363		-take apart? Monster Adi, just you know,
4364		-
4365		-1092
4366		-00:46:39,779 ~-~-> 00:46:40,859
4367		-to see if you could do it, they're not
4368		-
4369		-1093
4370		-00:46:40,859 ~-~-> 00:46:43,169
4371		-gonna let you do that. Okay, you got to
4372		-
4373		-1094
4374		-00:46:43,169 ~-~-> 00:46:44,609
4375		-understand theory, and that's where
4376		-
4377		-1095
4378		-00:46:44,609 ~-~-> 00:46:46,349
4379		-you're at as a new trader. Some of you
4380		-
4381		-1096
4382		-00:46:46,349 ~-~-> 00:46:48,389
4383		-guys have been following me since 2010.
4384		-
4385		-1097
4386		-00:46:48,719 ~-~-> 00:46:51,209
4387		-And you still should be in theory
4388		-
4389		-1098
4390		-00:46:51,209 ~-~-> 00:46:52,709
4391		-because a lot of you guys rushed into
4392		-
4393		-1099
4394		-00:46:52,709 ~-~-> 00:46:54,539
4395		-trading live. Okay, and then you're
4396		-
4397		-1100
4398		-00:46:54,539 ~-~-> 00:46:56,609
4399		-sending me emails saying, really not
4400		-
4401		-1101
4402		-00:46:56,609 ~-~-> 00:46:57,869
4403		-understanding what's going on, but then
4404		-
4405		-1102
4406		-00:46:57,869 ~-~-> 00:46:59,999
4407		-you'll send me one or two emails over
4408		-
4409		-1103
4410		-00:46:59,999 ~-~-> 00:47:01,079
4411		-course the three months and I think I
4412		-
4413		-1104
4414		-00:47:01,079 ~-~-> 00:47:03,029
4415		-got it again know what you did? What did
4416		-
4417		-1105
4418		-00:47:03,029 ~-~-> 00:47:04,799
4419		-you just happen to have the right move
4420		-
4421		-1106
4422		-00:47:04,799 ~-~-> 00:47:06,749
4423		-that day, but you haven't been applying
4424		-
4425		-1107
4426		-00:47:06,749 ~-~-> 00:47:08,669
4427		-the tools because there's a plethora of
4428		-
4429		-1108
4430		-00:47:09,599 ~-~-> 00:47:12,089
4431		-multiple setups that happen throughout
4432		-
4433		-1109
4434		-00:47:12,089 ~-~-> 00:47:14,339
4435		-the week. And if you just focus on one
4436		-
4437		-1110
4438		-00:47:14,339 ~-~-> 00:47:16,769
4439		-trading pair, you'll be able to learn
4440		-
4441		-1111
4442		-00:47:16,799 ~-~-> 00:47:18,389
4443		-these concepts. And once you understand
4444		-
4445		-1112
4446		-00:47:18,389 ~-~-> 00:47:20,459
4447		-it, you can apply to every every one of
4448		-
4449		-1113
4450		-00:47:20,459 ~-~-> 00:47:22,139
4451		-the pair's if you want to be that crazy
4452		-
4453		-1114
4454		-00:47:22,139 ~-~-> 00:47:24,929
4455		-about it. But understanding that if
4456		-
4457		-1115
4458		-00:47:24,929 ~-~-> 00:47:26,459
4459		-we're in an environment that is most
4460		-
4461		-1116
4462		-00:47:26,459 ~-~-> 00:47:28,709
4463		-likely going to be going higher or lower
4464		-
4465		-1117
4466		-00:47:28,709 ~-~-> 00:47:31,169
4467		-over a long period of time now why was I
4468		-
4469		-1118
4470		-00:47:31,169 ~-~-> 00:47:32,789
4471		-discussing this down move here and why
4472		-
4473		-1119
4474		-00:47:32,789 ~-~-> 00:47:34,649
4475		-is it important? Well, think about it.
4476		-
4477		-1120
4478		-00:47:34,649 ~-~-> 00:47:36,599
4479		-If this was going down, what should the
4480		-
4481		-1121
4482		-00:47:36,599 ~-~-> 00:47:38,129
4483		-dollar been doing at the same time?
4484		-
4485		-1122
4486		-00:47:41,489 ~-~-> 00:47:44,249
4487		-rallying, you see that. So that's how
4488		-
4489		-1123
4490		-00:47:44,249 ~-~-> 00:47:46,259
4491		-you get institutional sponsorship behind
4492		-
4493		-1124
4494		-00:47:46,259 ~-~-> 00:47:48,059
4495		-the trades that you're taking. If you
4496		-
4497		-1125
4498		-00:47:48,059 ~-~-> 00:47:50,909
4499		-see a risk off scenario, which again,
4500		-
4501		-1126
4502		-00:47:50,909 ~-~-> 00:47:52,769
4503		-that is dollar rallying dollar base
4504		-
4505		-1127
4506		-00:47:52,769 ~-~-> 00:47:59,519
4507		-rally is going to see a decline in the
4508		-
4509		-1128
4510		-00:47:59,519 ~-~-> 00:48:01,439
4511		-British Pound Okay, the British pounds
4512		-
4513		-1129
4514		-00:48:01,439 ~-~-> 00:48:03,539
4515		-can be falling against the dollar, what
4516		-
4517		-1130
4518		-00:48:03,539 ~-~-> 00:48:06,359
4519		-you're looking for is the opening, rally
4520		-
4521		-1131
4522		-00:48:06,359 ~-~-> 00:48:09,509
4523		-up selling to that and expect the down
4524		-
4525		-1132
4526		-00:48:09,509 ~-~-> 00:48:11,369
4527		-move to occur and have a lower close,
4528		-
4529		-1133
4530		-00:48:11,639 ~-~-> 00:48:14,279
4531		-you want to see range expansion. Okay,
4532		-
4533		-1134
4534		-00:48:14,279 ~-~-> 00:48:16,289
4535		-range expansion is this thing here. When
4536		-
4537		-1135
4538		-00:48:16,289 ~-~-> 00:48:17,519
4539		-you have the daily range, we have the
4540		-
4541		-1136
4542		-00:48:17,519 ~-~-> 00:48:20,429
4543		-opening price here are trades up as we
4544		-
4545		-1137
4546		-00:48:20,429 ~-~-> 00:48:22,499
4547		-see here. So really, I guess we should
4548		-
4549		-1138
4550		-00:48:22,499 ~-~-> 00:48:26,249
4551		-be really just saying this. The opening
4552		-
4553		-1139
4554		-00:48:26,249 ~-~-> 00:48:29,069
4555		-price is right there. Okay. So this
4556		-
4557		-1140
4558		-00:48:29,069 ~-~-> 00:48:30,929
4559		-little box in here, that's
4560		-
4561		-1141
4562		-00:48:30,929 ~-~-> 00:48:32,039
4563		-representative right here, if this is
4564		-
4565		-1142
4566		-00:48:32,039 ~-~-> 00:48:34,199
4567		-the daily range that we see on this
4568		-
4569		-1143
4570		-00:48:34,199 ~-~-> 00:48:36,449
4571		-example, like say this right here, this
4572		-
4573		-1144
4574		-00:48:36,449 ~-~-> 00:48:38,519
4575		-is the daily range itself. Okay,
4576		-
4577		-1145
4578		-00:48:38,759 ~-~-> 00:48:41,189
4579		-graphically depicted over here. The
4580		-
4581		-1146
4582		-00:48:41,189 ~-~-> 00:48:43,889
4583		-opening, the initial move up from the
4584		-
4585		-1147
4586		-00:48:43,889 ~-~-> 00:48:45,689
4587		-opening price, which is here, look how
4588		-
4589		-1148
4590		-00:48:45,689 ~-~-> 00:48:47,939
4591		-much opportunity you had to find sell
4592		-
4593		-1149
4594		-00:48:47,939 ~-~-> 00:48:50,189
4595		-scenarios just above the opening price,
4596		-
4597		-1150
4598		-00:48:50,249 ~-~-> 00:48:53,939
4599		-just selling it, okay? If you're worried
4600		-
4601		-1151
4602		-00:48:53,939 ~-~-> 00:48:56,939
4603		-about being stopped out, if you're
4604		-
4605		-1152
4606		-00:48:56,939 ~-~-> 00:48:58,919
4607		-afraid that you're going to be stopped
4608		-
4609		-1153
4610		-00:48:58,919 ~-~-> 00:49:00,539
4611		-out and you're going to lose Money.
4612		-
4613		-1154
4614		-00:49:01,229 ~-~-> 00:49:04,319
4615		-Okay, you need to stop that. throw that
4616		-
4617		-1155
4618		-00:49:04,319 ~-~-> 00:49:05,339
4619		-out right now there's I'm going to take
4620		-
4621		-1156
4622		-00:49:05,339 ~-~-> 00:49:06,419
4623		-you right? I'm going to take away every
4624		-
4625		-1157
4626		-00:49:06,419 ~-~-> 00:49:07,859
4627		-excuse in the book for you right now.
4628		-
4629		-1158
4630		-00:49:08,099 ~-~-> 00:49:10,949
4631		-Okay? Are you ready? Nod your head. I'm
4632		-
4633		-1159
4634		-00:49:10,949 ~-~-> 00:49:13,709
4635		-ready, Michael, I'm ready. Okay. What's
4636		-
4637		-1160
4638		-00:49:13,709 ~-~-> 00:49:14,669
4639		-you're going to do is you're going to
4640		-
4641		-1161
4642		-00:49:14,699 ~-~-> 00:49:20,279
4643		-look at an example of time and price as
4644		-
4645		-1162
4646		-00:49:20,279 ~-~-> 00:49:23,549
4647		-it relates to stop loss placement. Okay,
4648		-
4649		-1163
4650		-00:49:23,789 ~-~-> 00:49:25,589
4651		-now assume we have this idea that we
4652		-
4653		-1164
4654		-00:49:25,589 ~-~-> 00:49:27,089
4655		-think price is going to trade up to this
4656		-
4657		-1165
4658		-00:49:27,089 ~-~-> 00:49:28,529
4659		-point here because we already identified
4660		-
4661		-1166
4662		-00:49:28,529 ~-~-> 00:49:30,389
4663		-our range. Okay, we understand the time
4664		-
4665		-1167
4666		-00:49:30,389 ~-~-> 00:49:31,859
4667		-of day, we understand that we're above
4668		-
4669		-1168
4670		-00:49:31,859 ~-~-> 00:49:33,989
4671		-the opening price. Okay, we want to sell
4672		-
4673		-1169
4674		-00:49:33,989 ~-~-> 00:49:35,609
4675		-in here. So where should our stop be?
4676		-
4677		-1170
4678		-00:49:36,419 ~-~-> 00:49:39,089
4679		-Well, it should be above this high.
4680		-
4681		-1171
4682		-00:49:39,179 ~-~-> 00:49:40,409
4683		-That's what our textbooks teach us.
4684		-
4685		-1172
4686		-00:49:40,409 ~-~-> 00:49:42,749
4687		-Right? Okay, great. That's fine. But now
4688		-
4689		-1173
4690		-00:49:42,749 ~-~-> 00:49:48,059
4691		-let's talk about why I always talk about
4692		-
4693		-1174
4694		-00:49:48,059 ~-~-> 00:49:52,019
4695		-using a standard 30 pips stop loss. Now
4696		-
4697		-1175
4698		-00:49:52,019 ~-~-> 00:49:53,429
4699		-I know you're thinking, Wait a minute, I
4700		-
4701		-1176
4702		-00:49:53,429 ~-~-> 00:49:54,539
4703		-don't want to lose. I don't want to use
4704		-
4705		-1177
4706		-00:49:54,539 ~-~-> 00:49:56,189
4707		-a 30 PIP stop loss that doesn't sound
4708		-
4709		-1178
4710		-00:49:56,189 ~-~-> 00:49:57,959
4711		-like it's going to work out well. You
4712		-
4713		-1179
4714		-00:49:57,959 ~-~-> 00:49:59,159
4715		-know, it's going to be a big loss. Well,
4716		-
4717		-1180
4718		-00:49:59,189 ~-~-> 00:50:01,229
4719		-it would be if you had A lot of money in
4720		-
4721		-1181
4722		-00:50:01,229 ~-~-> 00:50:03,419
4723		-terms of your risk exposure over 30
4724		-
4725		-1182
4726		-00:50:03,419 ~-~-> 00:50:06,419
4727		-pips. But what I want you to look over
4728		-
4729		-1183
4730		-00:50:06,419 ~-~-> 00:50:08,999
4731		-here when I put this little thing, this
4732		-
4733		-1184
4734		-00:50:08,999 ~-~-> 00:50:10,559
4735		-little cursor here, notice there's
4736		-
4737		-1185
4738		-00:50:10,559 ~-~-> 00:50:13,229
4739		-little numbers right now says 32 now
4740		-
4741		-1186
4742		-00:50:13,229 ~-~-> 00:50:17,669
4743		-says 2441 Okay, I'm what I'm doing is
4744		-
4745		-1187
4746		-00:50:17,669 ~-~-> 00:50:20,819
4747		-I'm putting a range of 30 See that?
4748		-
4749		-1188
4750		-00:50:23,369 ~-~-> 00:50:27,779
4751		-That's 30 pips right there. Now that
4752		-
4753		-1189
4754		-00:50:27,779 ~-~-> 00:50:30,419
4755		-rectangle is graphically depicting where
4756		-
4757		-1190
4758		-00:50:30,509 ~-~-> 00:50:33,629
4759		-30 pips range is in difference to
4760		-
4761		-1191
4762		-00:50:33,629 ~-~-> 00:50:34,739
4763		-wherever I want to place it on the
4764		-
4765		-1192
4766		-00:50:34,739 ~-~-> 00:50:37,049
4767		-chart, if this is where we're entering
4768		-
4769		-1193
4770		-00:50:37,079 ~-~-> 00:50:40,079
4771		-in London open at 815 GMT, or eight,
4772		-
4773		-1194
4774		-00:50:40,649 ~-~-> 00:50:44,579
4775		-GMT, which is basically 2am
4776		-
4777		-1195
4778		-00:50:45,810 ~-~-> 00:50:49,950
4779		-I'm sorry, 3am 3am New York time, if you
4780		-
4781		-1196
4782		-00:50:49,950 ~-~-> 00:50:53,250
4783		-take that entry point, and we're going
4784		-
4785		-1197
4786		-00:50:53,250 ~-~-> 00:50:55,920
4787		-to use the 62% line right there who I'm
4788		-
4789		-1198
4790		-00:50:55,920 ~-~-> 00:50:57,900
4791		-doing, I'm taking that range of that,
4792		-
4793		-1199
4794		-00:50:57,960 ~-~-> 00:51:00,300
4795		-that 30 pips on this rectangle Putting
4796		-
4797		-1200
4798		-00:51:00,300 ~-~-> 00:51:02,910
4799		-rate on that level right here at 62. And
4800		-
4801		-1201
4802		-00:51:02,910 ~-~-> 00:51:06,000
4803		-I'm adding 30 pips to it right up here.
4804		-
4805		-1202
4806		-00:51:06,030 ~-~-> 00:51:10,470
4807		-That's where your stop loss is. As
4808		-
4809		-1203
4810		-00:51:10,470 ~-~-> 00:51:12,360
4811		-you're learning, this is what you're
4812		-
4813		-1204
4814		-00:51:12,360 ~-~-> 00:51:13,530
4815		-going to do, you're going to place your
4816		-
4817		-1205
4818		-00:51:13,530 ~-~-> 00:51:18,450
4819		-stop loss order right there at 169 12
4820		-
4821		-1206
4822		-00:51:18,480 ~-~-> 00:51:23,880
4823		-your entry price is at 168 85. No, no,
4824		-
4825		-1207
4826		-00:51:23,880 ~-~-> 00:51:25,260
4827		-it's not. I mean, get that. I mean, make
4828		-
4829		-1208
4830		-00:51:25,260 ~-~-> 00:51:28,800
4831		-sure I'm saying this right. Okay, right
4832		-
4833		-1209
4834		-00:51:28,800 ~-~-> 00:51:33,630
4835		-here, you have 168 82 and 30 pips away
4836		-
4837		-1210
4838		-00:51:33,630 ~-~-> 00:51:37,920
4839		-is 169 12. Okay, so you have this much
4840		-
4841		-1211
4842		-00:51:38,190 ~-~-> 00:51:39,750
4843		-in terms of space between where you're
4844		-
4845		-1212
4846		-00:51:39,750 ~-~-> 00:51:41,190
4847		-entering and where your stop loss is
4848		-
4849		-1213
4850		-00:51:41,190 ~-~-> 00:51:45,480
4851		-going to be. Now. What does that mean?
4852		-
4853		-1214
4854		-00:51:46,560 ~-~-> 00:51:50,520
4855		-Well, whatever you sell here, okay, if
4856		-
4857		-1215
4858		-00:51:50,520 ~-~-> 00:51:52,500
4859		-price was to take you out, and by
4860		-
4861		-1216
4862		-00:51:52,500 ~-~-> 00:51:54,990
4863		-trading up to that level here, okay, and
4864		-
4865		-1217
4866		-00:51:54,990 ~-~-> 00:51:57,480
4867		-really, that only has to happen by
4868		-
4869		-1218
4870		-00:51:59,280 ~-~-> 00:52:04,380
4871		-trading. 160 909 would take you
4872		-
4873		-1219
4874		-00:52:04,380 ~-~-> 00:52:07,020
4875		-essentially most like and most in most
4876		-
4877		-1220
4878		-00:52:07,110 ~-~-> 00:52:08,430
4879		-platforms it would take you off at
4880		-
4881		-1221
4882		-00:52:08,430 ~-~-> 00:52:10,500
4883		-traded at that point because you got a
4884		-
4885		-1222
4886		-00:52:10,500 ~-~-> 00:52:13,740
4887		-factor to spread. So you're probably
4888		-
4889		-1223
4890		-00:52:13,740 ~-~-> 00:52:16,020
4891		-really in even though you're looking at
4892		-
4893		-1224
4894		-00:52:16,020 ~-~-> 00:52:18,150
4895		-30 pips, the market main times will take
4896		-
4897		-1225
4898		-00:52:18,150 ~-~-> 00:52:21,870
4899		-you out 27 So why do I use 30 pips? 30
4900		-
4901		-1226
4902		-00:52:21,870 ~-~-> 00:52:24,750
4903		-pips? I want you to do a study. Okay? I
4904		-
4905		-1227
4906		-00:52:24,750 ~-~-> 00:52:26,640
4907		-want you to look at days that create the
4908		-
4909		-1228
4910		-00:52:26,640 ~-~-> 00:52:29,190
4911		-down moves, okay in London, it makes the
4912		-
4913		-1229
4914		-00:52:29,190 ~-~-> 00:52:33,570
4915		-high take 30 pips and add it to the high
4916		-
4917		-1230
4918		-00:52:34,500 ~-~-> 00:52:37,200
4919		-of the highest high during two o'clock
4920		-
4921		-1231
4922		-00:52:37,200 ~-~-> 00:52:38,280
4923		-in the morning and four o'clock in the
4924		-
4925		-1232
4926		-00:52:38,280 ~-~-> 00:52:40,860
4927		-morning, New York time. Okay, whatever
4928		-
4929		-1233
4930		-00:52:40,860 ~-~-> 00:52:43,260
4931		-the highest high was, put it on the
4932		-
4933		-1234
4934		-00:52:43,260 ~-~-> 00:52:45,480
4935		-highest high there and add 30 pips to
4936		-
4937		-1235
4938		-00:52:45,480 ~-~-> 00:52:47,280
4939		-that. Okay, and I want you to count how
4940		-
4941		-1236
4942		-00:52:47,280 ~-~-> 00:52:51,000
4943		-many days that 30 pips gets taken out or
4944		-
4945		-1237
4946		-00:52:51,000 ~-~-> 00:52:53,400
4947		-will be will be stopped out. Okay, and
4948		-
4949		-1238
4950		-00:52:53,400 ~-~-> 00:52:57,630
4951		-why am I saying 30 pips? Well, if we
4952		-
4953		-1239
4954		-00:52:57,660 ~-~-> 00:53:00,000
4955		-were to be very generous, and say that
4956		-
4957		-1240
4958		-00:53:00,360 ~-~-> 00:53:03,000
4959		-The average daily range for our currency
4960		-
4961		-1241
4962		-00:53:03,000 ~-~-> 00:53:06,270
4963		-pair is 100 pips. Okay? If it's 100
4964		-
4965		-1242
4966		-00:53:06,270 ~-~-> 00:53:11,010
4967		-pips, how much of 100 pips is 30?
4968		-
4969		-1243
4970		-00:53:11,220 ~-~-> 00:53:15,300
4971		-roughly a third. Okay? My The idea
4972		-
4973		-1244
4974		-00:53:15,300 ~-~-> 00:53:16,890
4975		-behind this, okay and it's really
4976		-
4977		-1245
4978		-00:53:16,890 ~-~-> 00:53:18,480
4979		-nothing I can attribute to any other
4980		-
4981		-1246
4982		-00:53:18,540 ~-~-> 00:53:20,160
4983		-author because if it was I would simply
4984		-
4985		-1247
4986		-00:53:20,160 ~-~-> 00:53:21,930
4987		-take you to their work and say, okay,
4988		-
4989		-1248
4990		-00:53:21,930 ~-~-> 00:53:23,730
4991		-read this and you'll understand it. If
4992		-
4993		-1249
4994		-00:53:23,760 ~-~-> 00:53:26,760
4995		-this is 30 pips, it's not okay. But
4996		-
4997		-1250
4998		-00:53:26,760 ~-~-> 00:53:29,490
4999		-let's assume for a moment that this is
5000		-
5001		-1251
5002		-00:53:29,490 ~-~-> 00:53:33,240
5003		-the daily range of 100 pips in three
5004		-
5005		-1252
5006		-00:53:33,240 ~-~-> 00:53:35,190
5007		-stages, let me just do this.
5008		-
5009		-1253
5010		-00:53:42,360 ~-~-> 00:53:45,840
5011		-So if this whole larger rectangle, if
5012		-
5013		-1254
5014		-00:53:45,840 ~-~-> 00:53:49,230
5015		-you will, it represents a daily range of
5016		-
5017		-1255
5018		-00:53:49,230 ~-~-> 00:53:52,950
5019		-100 pips. Okay? If we're trying to sell
5020		-
5021		-1256
5022		-00:53:52,950 ~-~-> 00:53:54,780
5023		-it, and we sell it anywhere up in the
5024		-
5025		-1257
5026		-00:53:54,780 ~-~-> 00:53:57,000
5027		-upper portion of the range, okay, we're
5028		-
5029		-1258
5030		-00:53:57,000 ~-~-> 00:53:58,980
5031		-trying to capture this type of event a
5032		-
5033		-1259
5034		-00:53:58,980 ~-~-> 00:54:01,410
5035		-move up from it. And down and capture
5036		-
5037		-1260
5038		-00:54:01,410 ~-~-> 00:54:03,690
5039		-some profits, if we're looking to sell
5040		-
5041		-1261
5042		-00:54:03,690 ~-~-> 00:54:05,820
5043		-up in the upper third of the range,
5044		-
5045		-1262
5046		-00:54:05,970 ~-~-> 00:54:10,290
5047		-okay? If we're already in the ideal
5048		-
5049		-1263
5050		-00:54:10,320 ~-~-> 00:54:12,570
5051		-location of a down day, what's the
5052		-
5053		-1264
5054		-00:54:12,570 ~-~-> 00:54:14,910
5055		-likelihood of it moving 30 pips from
5056		-
5057		-1265
5058		-00:54:14,910 ~-~-> 00:54:17,010
5059		-that point and then making a lower low
5060		-
5061		-1266
5062		-00:54:17,070 ~-~-> 00:54:18,990
5063		-and a lower close, unless it's
5064		-
5065		-1267
5066		-00:54:18,990 ~-~-> 00:54:21,900
5067		-economically driven by a report or a
5068		-
5069		-1268
5070		-00:54:21,930 ~-~-> 00:54:25,650
5071		-market moving event, okay, like FOMC, or
5072		-
5073		-1269
5074		-00:54:25,950 ~-~-> 00:54:28,200
5075		-non farm payroll. Those are the two
5076		-
5077		-1270
5078		-00:54:28,230 ~-~-> 00:54:30,390
5079		-reasons why I do not trade those days
5080		-
5081		-1271
5082		-00:54:30,390 ~-~-> 00:54:32,580
5083		-because that's when it can very easily
5084		-
5085		-1272
5086		-00:54:32,580 ~-~-> 00:54:34,800
5087		-blow through 30 pips and clean out both
5088		-
5089		-1273
5090		-00:54:34,800 ~-~-> 00:54:35,940
5091		-directions in the marketplace and go
5092		-
5093		-1274
5094		-00:54:35,940 ~-~-> 00:54:37,200
5095		-back to the center the range from the
5096		-
5097		-1275
5098		-00:54:37,200 ~-~-> 00:54:38,880
5099		-daily range and go nowhere. And
5100		-
5101		-1276
5102		-00:54:38,880 ~-~-> 00:54:40,440
5103		-basically, no one makes money that day
5104		-
5105		-1277
5106		-00:54:40,560 ~-~-> 00:54:43,290
5107		-by doing that, unless you're ultra short
5108		-
5109		-1278
5110		-00:54:43,290 ~-~-> 00:54:45,840
5111		-term scalper and you fade that move. And
5112		-
5113		-1279
5114		-00:54:45,840 ~-~-> 00:54:47,130
5115		-I don't like to do it because it's a
5116		-
5117		-1280
5118		-00:54:47,130 ~-~-> 00:54:50,370
5119		-carnival ride. So FOMC is a joke. Don't
5120		-
5121		-1281
5122		-00:54:50,370 ~-~-> 00:54:51,960
5123		-play it. Don't, don't trade it. Don't be
5124		-
5125		-1282
5126		-00:54:51,960 ~-~-> 00:54:53,670
5127		-in front of it. And non farm payroll,
5128		-
5129		-1283
5130		-00:54:53,670 ~-~-> 00:54:55,380
5131		-there's absolutely no reason why you
5132		-
5133		-1284
5134		-00:54:55,380 ~-~-> 00:54:56,790
5135		-should be in there doing it unless you
5136		-
5137		-1285
5138		-00:54:56,790 ~-~-> 00:54:58,140
5139		-want to play in a demo account and just
5140		-
5141		-1286
5142		-00:54:58,170 ~-~-> 00:55:00,360
5143		-you know, play in a sandbox. But what's
5144		-
5145		-1287
5146		-00:55:00,360 ~-~-> 00:55:02,310
5147		-the purpose of doing that you can do
5148		-
5149		-1288
5150		-00:55:02,310 ~-~-> 00:55:06,450
5151		-real trading in 2019 more days, if you
5152		-
5153		-1289
5154		-00:55:06,450 ~-~-> 00:55:09,000
5155		-will, the rest of the month and actually
5156		-
5157		-1290
5158		-00:55:09,000 ~-~-> 00:55:11,280
5159		-have days that are absolutely in favor
5160		-
5161		-1291
5162		-00:55:11,280 ~-~-> 00:55:13,800
5163		-of volatility that is indicative of, you
5164		-
5165		-1292
5166		-00:55:13,800 ~-~-> 00:55:15,390
5167		-know, price action that we can trade
5168		-
5169		-1293
5170		-00:55:15,390 ~-~-> 00:55:17,550
5171		-with. So again, that's the reason why we
5172		-
5173		-1294
5174		-00:55:17,550 ~-~-> 00:55:20,250
5175		-like to use a 30 pips. Now over time.
5176		-
5177		-1295
5178		-00:55:20,850 ~-~-> 00:55:23,460
5179		-Over time, you will learn to be able to
5180		-
5181		-1296
5182		-00:55:23,460 ~-~-> 00:55:27,000
5183		-trim that 30 PIP stop loss down. I'm not
5184		-
5185		-1297
5186		-00:55:27,000 ~-~-> 00:55:29,190
5187		-going to tell you that you should get
5188		-
5189		-1298
5190		-00:55:29,190 ~-~-> 00:55:31,230
5191		-down to 10 pips, or that you should get
5192		-
5193		-1299
5194		-00:55:31,230 ~-~-> 00:55:33,840
5195		-down to 15 pips, okay, you can make a
5196		-
5197		-1300
5198		-00:55:33,840 ~-~-> 00:55:37,590
5199		-career leaving it at 30. But what do you
5200		-
5201		-1301
5202		-00:55:37,590 ~-~-> 00:55:39,570
5203		-do when you have your entry point and
5204		-
5205		-1302
5206		-00:55:39,570 ~-~-> 00:55:40,740
5207		-you know where your stop loss is gonna
5208		-
5209		-1303
5210		-00:55:40,740 ~-~-> 00:55:43,320
5211		-be 30 pips away, this should be no more
5212		-
5213		-1304
5214		-00:55:43,320 ~-~-> 00:55:46,980
5215		-than one quarter of 1%. Think about what
5216		-
5217		-1305
5218		-00:55:46,980 ~-~-> 00:55:51,600
5219		-I just told you. One quarter of 1% if
5220		-
5221		-1306
5222		-00:55:51,600 ~-~-> 00:55:53,880
5223		-you're just now starting, that's the
5224		-
5225		-1307
5226		-00:55:53,880 ~-~-> 00:55:56,220
5227		-level of risk. Now. Why am I telling you
5228		-
5229		-1308
5230		-00:55:56,220 ~-~-> 00:55:58,980
5231		-that even in a demo account because if
5232		-
5233		-1309
5234		-00:55:58,980 ~-~-> 00:56:02,100
5235		-you lose lose money or make money in a
5236		-
5237		-1310
5238		-00:56:02,100 ~-~-> 00:56:06,090
5239		-demo account. It by default it
5240		-
5241		-1311
5242		-00:56:06,540 ~-~-> 00:56:09,360
5243		-strategically plans. Okay, you're
5244		-
5245		-1312
5246		-00:56:09,360 ~-~-> 00:56:12,990
5247		-thinking to think about money. And I'm
5248		-
5249		-1313
5250		-00:56:12,990 ~-~-> 00:56:15,420
5251		-teaching you to think about the risk.
5252		-
5253		-1314
5254		-00:56:16,020 ~-~-> 00:56:17,670
5255		-Everything that I'm sharing with you
5256		-
5257		-1315
5258		-00:56:17,670 ~-~-> 00:56:19,890
5259		-will by default, put money in your
5260		-
5261		-1316
5262		-00:56:19,890 ~-~-> 00:56:24,330
5263		-account. It will also require you to
5264		-
5265		-1317
5266		-00:56:24,330 ~-~-> 00:56:27,810
5267		-stick to a low risk, high probability
5268		-
5269		-1318
5270		-00:56:27,960 ~-~-> 00:56:30,690
5271		-scenario. This is one of those events.
5272		-
5273		-1319
5274		-00:56:31,140 ~-~-> 00:56:33,990
5275		-They happen a couple times a week, every
5276		-
5277		-1320
5278		-00:56:33,990 ~-~-> 00:56:37,380
5279		-single week. The problem is, are you
5280		-
5281		-1321
5282		-00:56:37,380 ~-~-> 00:56:39,510
5283		-going to be there when price does what
5284		-
5285		-1322
5286		-00:56:39,510 ~-~-> 00:56:42,240
5287		-it does? Think about it. There are
5288		-
5289		-1323
5290		-00:56:42,240 ~-~-> 00:56:43,830
5291		-several opportunities in the week that
5292		-
5293		-1324
5294		-00:56:43,860 ~-~-> 00:56:46,500
5295		-really set up really favorable trading
5296		-
5297		-1325
5298		-00:56:46,500 ~-~-> 00:56:48,900
5299		-opportunities. They're not scalps,
5300		-
5301		-1326
5302		-00:56:48,930 ~-~-> 00:56:52,050
5303		-they're intraday day trades. People that
5304		-
5305		-1327
5306		-00:56:52,050 ~-~-> 00:56:54,030
5307		-have jobs can still do these types of
5308		-
5309		-1328
5310		-00:56:54,030 ~-~-> 00:56:56,160
5311		-trades, but it will require you to wake
5312		-
5313		-1329
5314		-00:56:56,160 ~-~-> 00:56:59,040
5315		-up at midnight, New York time. Take a
5316		-
5317		-1330
5318		-00:56:59,040 ~-~-> 00:57:01,680
5319		-glance at where we're at. Look at
5320		-
5321		-1331
5322		-00:57:01,680 ~-~-> 00:57:04,260
5323		-whatever previous ranges, okay? And then
5324		-
5325		-1332
5326		-00:57:04,260 ~-~-> 00:57:08,010
5327		-you're going to basically use that as a,
5328		-
5329		-1333
5330		-00:57:08,580 ~-~-> 00:57:10,320
5331		-as a basis to determine where your trade
5332		-
5333		-1334
5334		-00:57:10,650 ~-~-> 00:57:13,260
5335		-setups going to be. Ideally, I think
5336		-
5337		-1335
5338		-00:57:13,260 ~-~-> 00:57:16,440
5339		-London, if you're going to trade it, you
5340		-
5341		-1336
5342		-00:57:16,440 ~-~-> 00:57:18,780
5343		-know, you need to be awake in front of
5344		-
5345		-1337
5346		-00:57:18,780 ~-~-> 00:57:21,780
5347		-the charts, okay? But if you are really
5348		-
5349		-1338
5350		-00:57:24,780 ~-~-> 00:57:26,460
5351		-gung ho about what you're seeing on the
5352		-
5353		-1339
5354		-00:57:26,460 ~-~-> 00:57:30,750
5355		-charts at at midnight, okay, you can use
5356		-
5357		-1340
5358		-00:57:30,750 ~-~-> 00:57:32,430
5359		-the previous range here or if you're
5360		-
5361		-1341
5362		-00:57:32,430 ~-~-> 00:57:34,290
5363		-watching price, what I like to do is I
5364		-
5365		-1342
5366		-00:57:34,290 ~-~-> 00:57:37,350
5367		-like to see an intraday high getting
5368		-
5369		-1343
5370		-00:57:37,350 ~-~-> 00:57:39,090
5371		-taken out where like we have here, this
5372		-
5373		-1344
5374		-00:57:39,090 ~-~-> 00:57:42,000
5375		-is the high end here. If you draw out a
5376		-
5377		-1345
5378		-00:57:42,000 ~-~-> 00:57:43,230
5379		-little line, let's do that.
5380		-
5381		-1346
5382		-00:57:49,260 ~-~-> 00:57:50,910
5383		-Actually, I draw the wrong one, but
5384		-
5385		-1347
5386		-00:57:50,910 ~-~-> 00:57:53,490
5387		-still, it'll work. This is the high
5388		-
5389		-1348
5390		-00:57:53,640 ~-~-> 00:57:55,110
5391		-Okay, and anything above it would be a
5392		-
5393		-1349
5394		-00:57:55,110 ~-~-> 00:57:58,680
5395		-turtle suit, or stop raid, okay. And by
5396		-
5397		-1350
5398		-00:57:58,680 ~-~-> 00:58:00,540
5399		-having that idea that would be another
5400		-
5401		-1351
5402		-00:58:00,540 ~-~-> 00:58:01,800
5403		-pattern you can use if you're not an
5404		-
5405		-1352
5406		-00:58:01,800 ~-~-> 00:58:04,230
5407		-optimal trade entry fan. Okay? The other
5408		-
5409		-1353
5410		-00:58:04,230 ~-~-> 00:58:05,580
5411		-pattern I like to use a lot is the
5412		-
5413		-1354
5414		-00:58:05,580 ~-~-> 00:58:07,020
5415		-turtle soup, which is a false breakout.
5416		-
5417		-1355
5418		-00:58:07,230 ~-~-> 00:58:09,510
5419		-Okay. And many times, that's really
5420		-
5421		-1356
5422		-00:58:09,510 ~-~-> 00:58:12,000
5423		-classic London open set setups. It's
5424		-
5425		-1357
5426		-00:58:12,000 ~-~-> 00:58:13,470
5427		-just one of these previous intraday
5428		-
5429		-1358
5430		-00:58:13,470 ~-~-> 00:58:15,900
5431		-highs. And there it is, that's what you
5432		-
5433		-1359
5434		-00:58:15,900 ~-~-> 00:58:18,690
5435		-sell into. But without having the
5436		-
5437		-1360
5438		-00:58:18,690 ~-~-> 00:58:20,460
5439		-context of understanding that you're in
5440		-
5441		-1361
5442		-00:58:20,460 ~-~-> 00:58:22,560
5443		-an environment that you're expecting
5444		-
5445		-1362
5446		-00:58:22,590 ~-~-> 00:58:25,740
5447		-down moves on a macro level, okay,
5448		-
5449		-1363
5450		-00:58:25,740 ~-~-> 00:58:26,880
5451		-you're not going to understand how to
5452		-
5453		-1364
5454		-00:58:26,880 ~-~-> 00:58:29,310
5455		-zero in on these very, very, very small
5456		-
5457		-1365
5458		-00:58:29,310 ~-~-> 00:58:31,530
5459		-little time frames and segments of the
5460		-
5461		-1366
5462		-00:58:31,530 ~-~-> 00:58:34,080
5463		-daily range to defer it out these
5464		-
5465		-1367
5466		-00:58:34,080 ~-~-> 00:58:36,150
5467		-opportunities. We already told you what
5468		-
5469		-1368
5470		-00:58:36,150 ~-~-> 00:58:38,640
5471		-time of day these things occur. And I'm
5472		-
5473		-1369
5474		-00:58:38,640 ~-~-> 00:58:44,700
5475		-going to give you let's see, what what
5476		-
5477		-1370
5478		-00:58:44,700 ~-~-> 00:58:45,930
5479		-can I show you here? What was I going to
5480		-
5481		-1371
5482		-00:58:45,930 ~-~-> 00:58:48,030
5483		-do here? Let's do this.
5484		-
5485		-1372
5486		-00:58:53,400 ~-~-> 00:58:58,890
5487		-Okay, yeah. Let's zoom in and it's good
5488		-
5489		-1373
5490		-00:58:58,890 ~-~-> 00:59:03,780
5491		-to that same day. And where are we at?
5492		-
5493		-1374
5494		-00:59:06,810 ~-~-> 00:59:10,140
5495		-Last night? Awesome a spot here guys.
5496		-
5497		-1375
5498		-00:59:23,849 ~-~-> 00:59:24,959
5499		-Yeah, August 1.
5500		-
5501		-1376
5502		-00:59:33,000 ~-~-> 00:59:36,450
5503		-Okay, August 1. Okay, so we talked about
5504		-
5505		-1377
5506		-00:59:36,450 ~-~-> 00:59:38,790
5507		-the London open kill zone. And this
5508		-
5509		-1378
5510		-00:59:38,790 ~-~-> 00:59:40,170
5511		-indicator, which I'll be sharing with
5512		-
5513		-1379
5514		-00:59:40,170 ~-~-> 00:59:42,330
5515		-you guys. I'll send you a link through
5516		-
5517		-1380
5518		-00:59:42,330 ~-~-> 00:59:44,250
5519		-Twitter where you can actually go and
5520		-
5521		-1381
5522		-00:59:44,790 ~-~-> 00:59:46,920
5523		-download these from my website at the
5524		-
5525		-1382
5526		-00:59:46,920 ~-~-> 00:59:49,770
5527		-inner circle trader calm the blue line
5528		-
5529		-1383
5530		-00:59:49,770 ~-~-> 00:59:54,000
5531		-in here. This is viewed as bracketing
5532		-
5533		-1384
5534		-00:59:54,000 ~-~-> 00:59:56,580
5535		-out if you will. And I like this form I
5536		-
5537		-1385
5538		-00:59:56,580 ~-~-> 00:59:58,500
5539		-used to be. I used to draw it on my
5540		-
5541		-1386
5542		-00:59:58,500 ~-~-> 01:00:01,680
5543		-charts you instantly The time donut in
5544		-
5545		-1387
5546		-01:00:01,680 ~-~-> 01:00:04,440
5547		-my videos, but I liked the idea of
5548		-
5549		-1388
5550		-01:00:04,440 ~-~-> 01:00:07,440
5551		-having very clean at the bottom because
5552		-
5553		-1389
5554		-01:00:07,440 ~-~-> 01:00:09,150
5555		-I understand the window of opportunity.
5556		-
5557		-1390
5558		-01:00:09,180 ~-~-> 01:00:10,620
5559		-And I really want you guys to think that
5560		-
5561		-1391
5562		-01:00:10,620 ~-~-> 01:00:12,450
5563		-way and keep your charts clean at the
5564		-
5565		-1392
5566		-01:00:12,450 ~-~-> 01:00:14,670
5567		-beginning of that line, which is right
5568		-
5569		-1393
5570		-01:00:14,670 ~-~-> 01:00:18,480
5571		-here. Okay, and the end of the line. And
5572		-
5573		-1394
5574		-01:00:18,480 ~-~-> 01:00:19,350
5575		-again, we're talking about this little
5576		-
5577		-1395
5578		-01:00:19,350 ~-~-> 01:00:22,170
5579		-blue little section of time. This whole
5580		-
5581		-1396
5582		-01:00:22,170 ~-~-> 01:00:26,550
5583		-pocket of time of day is the ICT London
5584		-
5585		-1397
5586		-01:00:26,550 ~-~-> 01:00:31,500
5587		-open kill zone. Okay. It can extend to
5588		-
5589		-1398
5590		-01:00:31,590 ~-~-> 01:00:36,090
5591		-10 GMT, which is basically 5am on New
5592		-
5593		-1399
5594		-01:00:36,090 ~-~-> 01:00:38,040
5595		-York time, and it can start as early as
5596		-
5597		-1400
5598		-01:00:38,040 ~-~-> 01:00:43,260
5599		-1am New York time or six GMT, okay, but
5600		-
5601		-1401
5602		-01:00:43,260 ~-~-> 01:00:46,440
5603		-by far and large between seven GMT and
5604		-
5605		-1402
5606		-01:00:46,440 ~-~-> 01:00:49,230
5607		-nine GMT, or two o'clock and four
5608		-
5609		-1403
5610		-01:00:49,230 ~-~-> 01:00:51,060
5611		-o'clock in the morning, that's usually
5612		-
5613		-1404
5614		-01:00:51,060 ~-~-> 01:00:53,220
5615		-when the higher load day forms. Now,
5616		-
5617		-1405
5618		-01:00:53,610 ~-~-> 01:00:55,440
5619		-what does that mean? Well, if we have
5620		-
5621		-1406
5622		-01:00:55,440 ~-~-> 01:00:57,990
5623		-already IRA arrived at the idea that the
5624		-
5625		-1407
5626		-01:00:57,990 ~-~-> 01:01:00,540
5627		-dollar during this time It's been an
5628		-
5629		-1408
5630		-01:01:00,540 ~-~-> 01:01:02,460
5631		-hour and already established up move.
5632		-
5633		-1409
5634		-01:01:03,210 ~-~-> 01:01:04,530
5635		-And we come down to a level we're
5636		-
5637		-1410
5638		-01:01:04,530 ~-~-> 01:01:07,020
5639		-anticipating support, we expect a bounce
5640		-
5641		-1411
5642		-01:01:07,050 ~-~-> 01:01:08,850
5643		-in the dollar, even if it's short lived.
5644		-
5645		-1412
5646		-01:01:09,150 ~-~-> 01:01:12,090
5647		-It gives us a prognostication of future
5648		-
5649		-1413
5650		-01:01:12,090 ~-~-> 01:01:14,160
5651		-price action in the cable. And you see
5652		-
5653		-1414
5654		-01:01:14,160 ~-~-> 01:01:15,840
5655		-that happening here with lower prices.
5656		-
5657		-1415
5658		-01:01:15,990 ~-~-> 01:01:18,570
5659		-Okay, extending lower going back to our
5660		-
5661		-1416
5662		-01:01:18,570 ~-~-> 01:01:22,500
5663		-intraday This is that that move up,
5664		-
5665		-1417
5666		-01:01:22,830 ~-~-> 01:01:24,810
5667		-okay, that occurred. But look, it's
5668		-
5669		-1418
5670		-01:01:24,810 ~-~-> 01:01:26,550
5671		-happening this this blue area here it
5672		-
5673		-1419
5674		-01:01:26,550 ~-~-> 01:01:29,850
5675		-just helps us identify when, when these
5676		-
5677		-1420
5678		-01:01:29,850 ~-~-> 01:01:32,400
5679		-moves are going to occur. So we
5680		-
5681		-1421
5682		-01:01:32,400 ~-~-> 01:01:34,830
5683		-understand time of day, we understand
5684		-
5685		-1422
5686		-01:01:35,160 ~-~-> 01:01:40,020
5687		-the range expansion theory that the
5688		-
5689		-1423
5690		-01:01:40,020 ~-~-> 01:01:43,260
5691		-daily range will move down and the daily
5692		-
5693		-1424
5694		-01:01:43,260 ~-~-> 01:01:45,210
5695		-bar will become larger throughout the
5696		-
5697		-1425
5698		-01:01:45,210 ~-~-> 01:01:47,550
5699		-day. But the beginning of the move on a
5700		-
5701		-1426
5702		-01:01:47,550 ~-~-> 01:01:50,850
5703		-down day occurs at London open at a pre
5704		-
5705		-1427
5706		-01:01:50,850 ~-~-> 01:01:53,130
5707		-determined measurable move with
5708		-
5709		-1428
5710		-01:01:53,340 ~-~-> 01:01:57,990
5711		-retracements at the beginning of a time
5712		-
5713		-1429
5714		-01:01:57,990 ~-~-> 01:02:00,540
5715		-of day accession like this To the ICT
5716		-
5717		-1430
5718		-01:02:00,540 ~-~-> 01:02:03,990
5719		-kill zone unique to me between two
5720		-
5721		-1431
5722		-01:02:03,990 ~-~-> 01:02:05,370
5723		-o'clock and four o'clock in the morning
5724		-
5725		-1432
5726		-01:02:05,370 ~-~-> 01:02:07,050
5727		-that's going to be your time window
5728		-
5729		-1433
5730		-01:02:07,050 ~-~-> 01:02:09,660
5731		-where the setups occur. So what am I
5732		-
5733		-1434
5734		-01:02:09,660 ~-~-> 01:02:11,820
5735		-teaching you here? I'm telling you how
5736		-
5737		-1435
5738		-01:02:11,820 ~-~-> 01:02:14,430
5739		-to find the news. I'm telling you how to
5740		-
5741		-1436
5742		-01:02:14,460 ~-~-> 01:02:16,650
5743		-pick the direction the day. I'm telling
5744		-
5745		-1437
5746		-01:02:16,650 ~-~-> 01:02:19,650
5747		-you how to anticipate the setups to
5748		-
5749		-1438
5750		-01:02:19,650 ~-~-> 01:02:22,290
5751		-occur. Both my patterns that I trade are
5752		-
5753		-1439
5754		-01:02:22,290 ~-~-> 01:02:25,830
5755		-always overlapping. Okay? The optimal
5756		-
5757		-1440
5758		-01:02:25,830 ~-~-> 01:02:27,480
5759		-trade entry which is retracement driven,
5760		-
5761		-1441
5762		-01:02:27,870 ~-~-> 01:02:31,890
5763		-right here. turtle soup. Short term high
5764		-
5765		-1442
5766		-01:02:32,160 ~-~-> 01:02:34,860
5767		-rally through it's a false breakout.
5768		-
5769		-1443
5770		-01:02:34,950 ~-~-> 01:02:36,570
5771		-Boom. That's what you want to sell into.
5772		-
5773		-1444
5774		-01:02:36,960 ~-~-> 01:02:39,150
5775		-Okay, when during the London open
5776		-
5777		-1445
5778		-01:02:39,150 ~-~-> 01:02:42,150
5779		-session, how long do you hold it until
5780		-
5781		-1446
5782		-01:02:42,450 ~-~-> 01:02:45,720
5783		-London close. Later in the day you want
5784		-
5785		-1447
5786		-01:02:45,720 ~-~-> 01:02:47,700
5787		-to see range expansion going lower, it
5788		-
5789		-1448
5790		-01:02:47,700 ~-~-> 01:02:49,260
5791		-really expands and drops off
5792		-
5793		-1449
5794		-01:02:49,260 ~-~-> 01:02:52,230
5795		-precipitously here. I've told you how to
5796		-
5797		-1450
5798		-01:02:52,230 ~-~-> 01:02:54,030
5799		-place your stop loss use a 30 PIP stop
5800		-
5801		-1451
5802		-01:02:54,030 ~-~-> 01:02:56,490
5803		-loss. Why? Because the chances of it
5804		-
5805		-1452
5806		-01:02:56,490 ~-~-> 01:02:58,950
5807		-opening at New York's midnight timeframe
5808		-
5809		-1453
5810		-01:02:59,220 ~-~-> 01:03:01,050
5811		-okay or even The beginning of the new
5812		-
5813		-1454
5814		-01:03:01,050 ~-~-> 01:03:03,690
5815		-day over here. It moving 30 pips up and
5816		-
5817		-1455
5818		-01:03:03,690 ~-~-> 01:03:06,360
5819		-then moving down doesn't happen. It
5820		-
5821		-1456
5822		-01:03:06,360 ~-~-> 01:03:08,880
5823		-can't happen sure can. But it's so
5824		-
5825		-1457
5826		-01:03:08,910 ~-~-> 01:03:11,430
5827		-unlikely, okay, there's no reason for
5828		-
5829		-1458
5830		-01:03:11,430 ~-~-> 01:03:13,710
5831		-you to be afraid to trade none. If
5832		-
5833		-1459
5834		-01:03:13,710 ~-~-> 01:03:15,150
5835		-you're afraid, it's because you're
5836		-
5837		-1460
5838		-01:03:15,150 ~-~-> 01:03:18,030
5839		-trading too much money and you know, if
5840		-
5841		-1461
5842		-01:03:18,030 ~-~-> 01:03:20,820
5843		-you really ask yourself honestly, if you
5844		-
5845		-1462
5846		-01:03:20,820 ~-~-> 01:03:22,830
5847		-lost on that trade, would it hurt you?
5848		-
5849		-1463
5850		-01:03:22,860 ~-~-> 01:03:24,900
5851		-Yes, it would hurt you. Because you got
5852		-
5853		-1464
5854		-01:03:24,900 ~-~-> 01:03:27,870
5855		-too much leverage on it. If you start
5856		-
5857		-1465
5858		-01:03:27,870 ~-~-> 01:03:30,540
5859		-off with very, very, very ultra low risk
5860		-
5861		-1466
5862		-01:03:30,540 ~-~-> 01:03:34,710
5863		-point, two, five of 1%. Okay, in other
5864		-
5865		-1467
5866		-01:03:34,710 ~-~-> 01:03:36,960
5867		-words, one quarter of 1% you're not
5868		-
5869		-1468
5870		-01:03:36,960 ~-~-> 01:03:38,460
5871		-worrying about money when it's like
5872		-
5873		-1469
5874		-01:03:38,460 ~-~-> 01:03:41,370
5875		-that. Okay? Because it's so minute, it
5876		-
5877		-1470
5878		-01:03:41,370 ~-~-> 01:03:42,570
5879		-isn't going to hurt you. It's not you
5880		-
5881		-1471
5882		-01:03:42,570 ~-~-> 01:03:44,490
5883		-could take 100 losses in a row with that
5884		-
5885		-1472
5886		-01:03:44,490 ~-~-> 01:03:46,080
5887		-and you're not out of the game. Okay?
5888		-
5889		-1473
5890		-01:03:46,380 ~-~-> 01:03:47,400
5891		-You're not even you're not and you're
5892		-
5893		-1474
5894		-01:03:47,400 ~-~-> 01:03:49,440
5895		-nowhere near her. Okay, you could still
5896		-
5897		-1475
5898		-01:03:49,440 ~-~-> 01:03:51,480
5899		-come back from that. Absolutely. Okay.
5900		-
5901		-1476
5902		-01:03:51,960 ~-~-> 01:03:54,360
5903		-So, think about I'm telling you to trade
5904		-
5905		-1477
5906		-01:03:54,360 ~-~-> 01:03:56,460
5907		-in a demo account setting for six
5908		-
5909		-1478
5910		-01:03:56,460 ~-~-> 01:04:00,960
5911		-months, six months Why? Because it's
5912		-
5913		-1479
5914		-01:04:00,960 ~-~-> 01:04:03,390
5915		-gonna take you that long to really trust
5916		-
5917		-1480
5918		-01:04:03,390 ~-~-> 01:04:04,560
5919		-what it is that you should be doing.
5920		-
5921		-1481
5922		-01:04:04,830 ~-~-> 01:04:06,540
5923		-Now, if you're in a fast track view of
5924		-
5925		-1482
5926		-01:04:06,540 ~-~-> 01:04:07,770
5927		-things you got to have do it because you
5928		-
5929		-1483
5930		-01:04:07,890 ~-~-> 01:04:10,350
5931		-got to get to your job and you got to,
5932		-
5933		-1484
5934		-01:04:10,560 ~-~-> 01:04:12,300
5935		-you got to make life changes that have
5936		-
5937		-1485
5938		-01:04:12,300 ~-~-> 01:04:14,610
5939		-to happen shorter than that. Do not send
5940		-
5941		-1486
5942		-01:04:14,610 ~-~-> 01:04:16,620
5943		-me emails, saying that your stuff
5944		-
5945		-1487
5946		-01:04:16,620 ~-~-> 01:04:18,060
5947		-doesn't work because I couldn't quit my
5948		-
5949		-1488
5950		-01:04:18,060 ~-~-> 01:04:20,970
5951		-job in six weeks. Okay? I'm telling you,
5952		-
5953		-1489
5954		-01:04:20,970 ~-~-> 01:04:22,530
5955		-it ain't gonna work like that. Okay, I'm
5956		-
5957		-1490
5958		-01:04:22,530 ~-~-> 01:04:25,320
5959		-telling you, if you do not invest six
5960		-
5961		-1491
5962		-01:04:25,350 ~-~-> 01:04:29,580
5963		-months of your time, your hard earned
5964		-
5965		-1492
5966		-01:04:29,580 ~-~-> 01:04:30,510
5967		-free time
5968		-
5969		-1493
5970		-01:04:31,860 ~-~-> 01:04:34,920
5971		-to doing this stuff. You don't watch my
5972		-
5973		-1494
5974		-01:04:34,920 ~-~-> 01:04:38,010
5975		-material. Find something else. Because
5976		-
5977		-1495
5978		-01:04:38,010 ~-~-> 01:04:40,740
5979		-I'm telling you, my work requires just
5980		-
5981		-1496
5982		-01:04:40,740 ~-~-> 01:04:44,310
5983		-that work. And I've condensed two
5984		-
5985		-1497
5986		-01:04:44,310 ~-~-> 01:04:47,790
5987		-decades worth of insights and experience
5988		-
5989		-1498
5990		-01:04:48,150 ~-~-> 01:04:50,280
5991		-down to what I think and I mean this
5992		-
5993		-1499
5994		-01:04:50,280 ~-~-> 01:04:53,100
5995		-wholeheartedly. There isn't anything out
5996		-
5997		-1500
5998		-01:04:53,100 ~-~-> 01:04:55,590
5999		-there better than what I'm sharing. Not
6000		-
6001		-1501
6002		-01:04:55,590 ~-~-> 01:04:58,650
6003		-one thing. Not one mentor, not a
6004		-
6005		-1502
6006		-01:04:58,650 ~-~-> 01:05:01,050
6007		-collaboration of mentors. And I mean
6008		-
6009		-1503
6010		-01:05:01,050 ~-~-> 01:05:03,630
6011		-that with every sincere fiber of my
6012		-
6013		-1504
6014		-01:05:03,630 ~-~-> 01:05:05,760
6015		-being. And it's not to be braggadocious
6016		-
6017		-1505
6018		-01:05:05,790 ~-~-> 01:05:07,800
6019		-or arrogant, you can call me that. But
6020		-
6021		-1506
6022		-01:05:07,800 ~-~-> 01:05:09,360
6023		-I'm telling you on the best thing going
6024		-
6025		-1507
6026		-01:05:09,360 ~-~-> 01:05:11,130
6027		-today, and the materials I'm giving you
6028		-
6029		-1508
6030		-01:05:11,130 ~-~-> 01:05:13,080
6031		-cost you nothing but the time sitting
6032		-
6033		-1509
6034		-01:05:13,080 ~-~-> 01:05:15,120
6035		-from the computer. Now, granted, it may
6036		-
6037		-1510
6038		-01:05:15,120 ~-~-> 01:05:16,380
6039		-be a whole lot of time between the
6040		-
6041		-1511
6042		-01:05:16,380 ~-~-> 01:05:18,360
6043		-videos. But I've already promised you
6044		-
6045		-1512
6046		-01:05:18,360 ~-~-> 01:05:19,770
6047		-that in the beginning did not, it's
6048		-
6049		-1513
6050		-01:05:19,770 ~-~-> 01:05:21,540
6051		-going to take a lot of patience. And
6052		-
6053		-1514
6054		-01:05:21,540 ~-~-> 01:05:23,220
6055		-it's going to be expensive in reference
6056		-
6057		-1515
6058		-01:05:23,220 ~-~-> 01:05:26,100
6059		-to time. Because I have to force you to
6060		-
6061		-1516
6062		-01:05:26,100 ~-~-> 01:05:27,540
6063		-do this over a long period of time.
6064		-
6065		-1517
6066		-01:05:27,750 ~-~-> 01:05:29,280
6067		-Otherwise, you're not going to glean
6068		-
6069		-1518
6070		-01:05:29,280 ~-~-> 01:05:30,540
6071		-what it is that you need to glean.
6072		-
6073		-1519
6074		-01:05:30,600 ~-~-> 01:05:32,250
6075		-Because you don't know what you need to
6076		-
6077		-1520
6078		-01:05:32,250 ~-~-> 01:05:34,620
6079		-know. You don't have any idea what it is
6080		-
6081		-1521
6082		-01:05:34,620 ~-~-> 01:05:37,020
6083		-that you need to know. But it's gonna be
6084		-
6085		-1522
6086		-01:05:37,020 ~-~-> 01:05:39,150
6087		-me taking you to the chart, looking at
6088		-
6089		-1523
6090		-01:05:39,150 ~-~-> 01:05:40,860
6091		-specific things over and over and over
6092		-
6093		-1524
6094		-01:05:40,860 ~-~-> 01:05:42,300
6095		-again. Then you'll start saying, Well,
6096		-
6097		-1525
6098		-01:05:42,360 ~-~-> 01:05:44,370
6099		-yeah, now I see it. Of course you do,
6100		-
6101		-1526
6102		-01:05:44,640 ~-~-> 01:05:45,990
6103		-because you've been doing it and you've
6104		-
6105		-1527
6106		-01:05:45,990 ~-~-> 01:05:48,090
6107		-been desensitized to the fear aspect of
6108		-
6109		-1528
6110		-01:05:48,090 ~-~-> 01:05:50,040
6111		-trading, losing money and being wrong,
6112		-
6113		-1529
6114		-01:05:50,280 ~-~-> 01:05:52,440
6115		-because that's really all it is. That's
6116		-
6117		-1530
6118		-01:05:52,440 ~-~-> 01:05:53,910
6119		-it, think about it. What are you afraid
6120		-
6121		-1531
6122		-01:05:53,910 ~-~-> 01:05:58,200
6123		-of being wrong? or losing money, both go
6124		-
6125		-1532
6126		-01:05:58,260 ~-~-> 01:06:00,330
6127		-hand in hand, okay, but those are two
6128		-
6129		-1533
6130		-01:06:00,330 ~-~-> 01:06:04,200
6131		-primary fears. That's it. We can accept
6132		-
6133		-1534
6134		-01:06:04,200 ~-~-> 01:06:05,760
6135		-missing moves, not really afraid of
6136		-
6137		-1535
6138		-01:06:05,760 ~-~-> 01:06:07,650
6139		-missing moves. Okay? We're disappointed
6140		-
6141		-1536
6142		-01:06:07,650 ~-~-> 01:06:08,940
6143		-if we miss a move, okay, but we're
6144		-
6145		-1537
6146		-01:06:08,940 ~-~-> 01:06:10,770
6147		-fearful of losing money and being wrong.
6148		-
6149		-1538
6150		-01:06:10,800 ~-~-> 01:06:13,110
6151		-There are two primary pillars of fear as
6152		-
6153		-1539
6154		-01:06:13,110 ~-~-> 01:06:15,810
6155		-it relates to speculation. There's other
6156		-
6157		-1540
6158		-01:06:15,810 ~-~-> 01:06:17,460
6159		-pillars, obviously ego, and that's the
6160		-
6161		-1541
6162		-01:06:17,460 ~-~-> 01:06:18,960
6163		-folks that spend a lot of times in
6164		-
6165		-1542
6166		-01:06:18,960 ~-~-> 01:06:20,340
6167		-forums and they share their insights
6168		-
6169		-1543
6170		-01:06:20,340 ~-~-> 01:06:21,450
6171		-with other people and think that they're
6172		-
6173		-1544
6174		-01:06:21,450 ~-~-> 01:06:23,400
6175		-smart, and try to be better than the
6176		-
6177		-1545
6178		-01:06:23,400 ~-~-> 01:06:26,580
6179		-next guy. Okay? Don't be informed. If
6180		-
6181		-1546
6182		-01:06:26,580 ~-~-> 01:06:27,840
6183		-you're a developing trader, unless
6184		-
6185		-1547
6186		-01:06:27,840 ~-~-> 01:06:29,010
6187		-you're in you're just reading from
6188		-
6189		-1548
6190		-01:06:29,010 ~-~-> 01:06:30,330
6191		-someone that has a lot more experience
6192		-
6193		-1549
6194		-01:06:30,330 ~-~-> 01:06:31,650
6195		-than you. Okay, and you're giving
6196		-
6197		-1550
6198		-01:06:31,650 ~-~-> 01:06:34,260
6199		-worthwhile investment advice. Okay,
6200		-
6201		-1551
6202		-01:06:34,290 ~-~-> 01:06:36,840
6203		-obviously, then, yeah, read forms, okay.
6204		-
6205		-1552
6206		-01:06:36,840 ~-~-> 01:06:39,720
6207		-But you should not be in there trying to
6208		-
6209		-1553
6210		-01:06:39,720 ~-~-> 01:06:41,700
6211		-teach other people when you don't know
6212		-
6213		-1554
6214		-01:06:41,700 ~-~-> 01:06:42,870
6215		-what you're doing either. If you're
6216		-
6217		-1555
6218		-01:06:42,870 ~-~-> 01:06:44,400
6219		-developing, don't try to teach it
6220		-
6221		-1556
6222		-01:06:44,400 ~-~-> 01:06:45,630
6223		-anybody because you're really doing a
6224		-
6225		-1557
6226		-01:06:45,630 ~-~-> 01:06:49,050
6227		-lot more harm than you're helping. And
6228		-
6229		-1558
6230		-01:06:49,260 ~-~-> 01:06:52,140
6231		-I'm encouraged by seeing individuals try
6232		-
6233		-1559
6234		-01:06:52,140 ~-~-> 01:06:55,050
6235		-to do that. But if you aren't, if you're
6236		-
6237		-1560
6238		-01:06:55,050 ~-~-> 01:06:57,780
6239		-not making a living at this, don't teach
6240		-
6241		-1561
6242		-01:06:57,780 ~-~-> 01:06:59,580
6243		-it. Okay? Because you're still
6244		-
6245		-1562
6246		-01:06:59,580 ~-~-> 01:07:00,720
6247		-developing And there's going to be a
6248		-
6249		-1563
6250		-01:07:00,720 ~-~-> 01:07:02,610
6251		-whole lot of lessons and my greatest
6252		-
6253		-1564
6254		-01:07:02,610 ~-~-> 01:07:04,260
6255		-learning happened in the last eight
6256		-
6257		-1565
6258		-01:07:04,260 ~-~-> 01:07:07,710
6259		-years of my career. Now put that in
6260		-
6261		-1566
6262		-01:07:07,740 ~-~-> 01:07:09,810
6263		-perspective. You guys want to start
6264		-
6265		-1567
6266		-01:07:09,810 ~-~-> 01:07:11,760
6267		-trading and quit your job in four weeks,
6268		-
6269		-1568
6270		-01:07:11,790 ~-~-> 01:07:13,830
6271		-okay? And I've been doing this for two
6272		-
6273		-1569
6274		-01:07:13,830 ~-~-> 01:07:16,230
6275		-decades. And my best understanding and
6276		-
6277		-1570
6278		-01:07:16,230 ~-~-> 01:07:18,090
6279		-learning happened in the latter part of
6280		-
6281		-1571
6282		-01:07:18,090 ~-~-> 01:07:22,500
6283		-my career. Take about that. I wish I
6284		-
6285		-1572
6286		-01:07:22,500 ~-~-> 01:07:26,010
6287		-knew now, that when I first started, I
6288		-
6289		-1573
6290		-01:07:26,010 ~-~-> 01:07:28,110
6291		-wish I knew this stuff. I wish I knew
6292		-
6293		-1574
6294		-01:07:28,110 ~-~-> 01:07:30,000
6295		-this because it would have been a whole
6296		-
6297		-1575
6298		-01:07:30,000 ~-~-> 01:07:31,890
6299		-lot more different in terms of my
6300		-
6301		-1576
6302		-01:07:32,310 ~-~-> 01:07:35,160
6303		-development and the pain I did and, you
6304		-
6305		-1577
6306		-01:07:35,160 ~-~-> 01:07:37,440
6307		-know, basically go through and it was
6308		-
6309		-1578
6310		-01:07:37,440 ~-~-> 01:07:40,050
6311		-self inflicted. And I'm hoping you guys
6312		-
6313		-1579
6314		-01:07:40,080 ~-~-> 01:07:42,180
6315		-learn from that. And I keep bringing it
6316		-
6317		-1580
6318		-01:07:42,180 ~-~-> 01:07:43,890
6319		-up. Because I want you to understand
6320		-
6321		-1581
6322		-01:07:43,890 ~-~-> 01:07:45,510
6323		-that I'm a real person that went through
6324		-
6325		-1582
6326		-01:07:45,570 ~-~-> 01:07:49,680
6327		-real problems with this stuff. Real
6328		-
6329		-1583
6330		-01:07:49,860 ~-~-> 01:07:51,780
6331		-medical problems me It hurt me
6332		-
6333		-1584
6334		-01:07:51,780 ~-~-> 01:07:53,880
6335		-physically, to the point where I still
6336		-
6337		-1585
6338		-01:07:53,880 ~-~-> 01:07:55,860
6339		-can't eat comfortably, might have a
6340		-
6341		-1586
6342		-01:07:55,860 ~-~-> 01:07:58,290
6343		-difficulty swallowing foods. It will
6344		-
6345		-1587
6346		-01:07:58,290 ~-~-> 01:08:00,570
6347		-work you if you let it It'll make you
6348		-
6349		-1588
6350		-01:08:00,570 ~-~-> 01:08:02,100
6351		-think you're bigger than you really are.
6352		-
6353		-1589
6354		-01:08:02,430 ~-~-> 01:08:03,780
6355		-It'll make you think you're smarter than
6356		-
6357		-1590
6358		-01:08:03,780 ~-~-> 01:08:05,550
6359		-you really are. And it also make you
6360		-
6361		-1591
6362		-01:08:05,550 ~-~-> 01:08:07,440
6363		-feel much less of a person than you
6364		-
6365		-1592
6366		-01:08:07,440 ~-~-> 01:08:09,930
6367		-really are. There's a lot of influence
6368		-
6369		-1593
6370		-01:08:09,930 ~-~-> 01:08:11,880
6371		-that we allow these marketplaces to have
6372		-
6373		-1594
6374		-01:08:11,880 ~-~-> 01:08:14,340
6375		-over us as a human being. But it's all
6376		-
6377		-1595
6378		-01:08:14,370 ~-~-> 01:08:16,680
6379		-manageable. It's all controllable, you
6380		-
6381		-1596
6382		-01:08:16,680 ~-~-> 01:08:18,840
6383		-have control over it. There's nothing
6384		-
6385		-1597
6386		-01:08:18,840 ~-~-> 01:08:20,520
6387		-forcing you to put that trade on with 5%
6388		-
6389		-1598
6390		-01:08:20,520 ~-~-> 01:08:24,510
6391		-risk. There's nothing forcing you to sit
6392		-
6393		-1599
6394		-01:08:24,510 ~-~-> 01:08:26,760
6395		-there and say, I'll pass on that trade,
6396		-
6397		-1600
6398		-01:08:27,090 ~-~-> 01:08:30,090
6399		-except for common sense. You're in the
6400		-
6401		-1601
6402		-01:08:30,090 ~-~-> 01:08:30,450
6403		-driver's
6404		-
6405		-1602
6406		-01:08:30,449 ~-~-> 01:08:32,699
6407		-seat. I don't want credit for your
6408		-
6409		-1603
6410		-01:08:32,699 ~-~-> 01:08:34,919
6411		-winning trades. And I certainly don't
6412		-
6413		-1604
6414		-01:08:34,919 ~-~-> 01:08:37,139
6415		-want credit for your losing trades. This
6416		-
6417		-1605
6418		-01:08:37,139 ~-~-> 01:08:41,039
6419		-whole thing is about what you do at the
6420		-
6421		-1606
6422		-01:08:41,039 ~-~-> 01:08:43,139
6423		-end of this development, that's what I'm
6424		-
6425		-1607
6426		-01:08:43,139 ~-~-> 01:08:45,449
6427		-interested in. I want to see what you do
6428		-
6429		-1608
6430		-01:08:45,449 ~-~-> 01:08:46,949
6431		-with this information. Once you become
6432		-
6433		-1609
6434		-01:08:46,949 ~-~-> 01:08:49,169
6435		-successful with it. How are you going to
6436		-
6437		-1610
6438		-01:08:49,169 ~-~-> 01:08:50,519
6439		-help other people with it because that's
6440		-
6441		-1611
6442		-01:08:50,519 ~-~-> 01:08:52,079
6443		-really, that's what I'm doing. I'm
6444		-
6445		-1612
6446		-01:08:52,079 ~-~-> 01:08:55,229
6447		-helping you for free. I'm not asking for
6448		-
6449		-1613
6450		-01:08:55,229 ~-~-> 01:08:56,609
6451		-anything except for share your store
6452		-
6453		-1614
6454		-01:08:56,609 ~-~-> 01:08:58,139
6455		-with me. I want to know what you're
6456		-
6457		-1615
6458		-01:08:58,139 ~-~-> 01:08:59,969
6459		-doing with it. I'm not going to have
6460		-
6461		-1616
6462		-01:08:59,999 ~-~-> 01:09:02,909
6463		-upsell later on 20 $500 workshops come
6464		-
6465		-1617
6466		-01:09:02,909 ~-~-> 01:09:04,529
6467		-out here and I'm gonna, I'm gonna help
6468		-
6469		-1618
6470		-01:09:04,769 ~-~-> 01:09:06,719
6471		-you help you even further I've taken
6472		-
6473		-1619
6474		-01:09:06,719 ~-~-> 01:09:08,549
6475		-that money and, and put in some hokey
6476		-
6477		-1620
6478		-01:09:08,609 ~-~-> 01:09:09,899
6479		-software program together to help you
6480		-
6481		-1621
6482		-01:09:09,899 ~-~-> 01:09:11,909
6483		-find trade patterns, okay? You don't
6484		-
6485		-1622
6486		-01:09:11,909 ~-~-> 01:09:13,619
6487		-need all that stuff. You don't need any
6488		-
6489		-1623
6490		-01:09:13,619 ~-~-> 01:09:15,419
6491		-of that. Okay? If you're looking for
6492		-
6493		-1624
6494		-01:09:15,419 ~-~-> 01:09:16,919
6495		-software programs to find trades for
6496		-
6497		-1625
6498		-01:09:16,919 ~-~-> 01:09:20,189
6499		-you, you're lazy. You're friggin lazy,
6500		-
6501		-1626
6502		-01:09:20,489 ~-~-> 01:09:23,669
6503		-and lazy doesn't pay, get that in your
6504		-
6505		-1627
6506		-01:09:23,669 ~-~-> 01:09:27,059
6507		-notes, okay? doesn't pay. I tried that.
6508		-
6509		-1628
6510		-01:09:27,179 ~-~-> 01:09:28,589
6511		-Okay, and a lot of other people tried it
6512		-
6513		-1629
6514		-01:09:28,589 ~-~-> 01:09:32,069
6515		-too, and it never pans out. You
6516		-
6517		-1630
6518		-01:09:32,069 ~-~-> 01:09:33,599
6519		-understand how the markets operate, like
6520		-
6521		-1631
6522		-01:09:33,599 ~-~-> 01:09:35,309
6523		-we're sharing right here, you'll find
6524		-
6525		-1632
6526		-01:09:35,309 ~-~-> 01:09:36,599
6527		-trades immediately, you know, when
6528		-
6529		-1633
6530		-01:09:36,599 ~-~-> 01:09:37,799
6531		-they're gonna happen. I don't need a
6532		-
6533		-1634
6534		-01:09:37,799 ~-~-> 01:09:39,569
6535		-software program that show me when a
6536		-
6537		-1635
6538		-01:09:39,569 ~-~-> 01:09:43,259
6539		-pattern is on the chart. I know timewise
6540		-
6541		-1636
6542		-01:09:43,379 ~-~-> 01:09:45,179
6543		-daily, the day of the week is gonna
6544		-
6545		-1637
6546		-01:09:45,179 ~-~-> 01:09:46,589
6547		-occur. I know what time is going to
6548		-
6549		-1638
6550		-01:09:46,589 ~-~-> 01:09:48,089
6551		-occur. I know how the pattern is gonna
6552		-
6553		-1639
6554		-01:09:48,089 ~-~-> 01:09:49,679
6555		-unfold, and I know where it's most
6556		-
6557		-1640
6558		-01:09:49,679 ~-~-> 01:09:52,349
6559		-likely going to go directionally. Tell
6560		-
6561		-1641
6562		-01:09:52,349 ~-~-> 01:09:54,029
6563		-me that software program is going to do
6564		-
6565		-1642
6566		-01:09:54,029 ~-~-> 01:09:55,109
6567		-that in advance. I could tell you the
6568		-
6569		-1643
6570		-01:09:55,109 ~-~-> 01:09:57,479
6571		-days of the weeks and months in advance
6572		-
6573		-1644
6574		-01:09:57,479 ~-~-> 01:09:58,739
6575		-when these patterns gonna happen,
6576		-
6577		-1645
6578		-01:09:59,009 ~-~-> 01:10:01,889
6579		-because they're that genetic. Eric, I'm
6580		-
6581		-1646
6582		-01:10:01,889 ~-~-> 01:10:03,779
6583		-sorry, but everything else is playing
6584		-
6585		-1647
6586		-01:10:03,779 ~-~-> 01:10:05,279
6587		-catch up ball to what you're learning.
6588		-
6589		-1648
6590		-01:10:06,059 ~-~-> 01:10:08,999
6591		-This is how the markets operate. I'm not
6592		-
6593		-1649
6594		-01:10:08,999 ~-~-> 01:10:12,149
6595		-trying to sell you the idea. I'm telling
6596		-
6597		-1650
6598		-01:10:12,149 ~-~-> 01:10:15,149
6599		-you challenge me on it, go through the
6600		-
6601		-1651
6602		-01:10:15,149 ~-~-> 01:10:16,469
6603		-processes that I'm sharing with you
6604		-
6605		-1652
6606		-01:10:16,469 ~-~-> 01:10:18,479
6607		-right now. And you tell me that it
6608		-
6609		-1653
6610		-01:10:18,479 ~-~-> 01:10:20,639
6611		-doesn't work like this, you tell me, you
6612		-
6613		-1654
6614		-01:10:20,639 ~-~-> 01:10:22,079
6615		-show me that it doesn't work. I've
6616		-
6617		-1655
6618		-01:10:22,079 ~-~-> 01:10:24,059
6619		-already put it out there. I will give
6620		-
6621		-1656
6622		-01:10:24,059 ~-~-> 01:10:28,709
6623		-you $10,000 of US currency, cash, to a
6624		-
6625		-1657
6626		-01:10:28,709 ~-~-> 01:10:30,599
6627		-PayPal account to whatever you want to
6628		-
6629		-1658
6630		-01:10:30,599 ~-~-> 01:10:32,849
6631		-do. Okay, how to receive it. You show me
6632		-
6633		-1659
6634		-01:10:32,849 ~-~-> 01:10:35,219
6635		-how this does not consistently work. And
6636		-
6637		-1660
6638		-01:10:35,219 ~-~-> 01:10:37,499
6639		-you can't be consistently profitable.
6640		-
6641		-1661
6642		-01:10:38,009 ~-~-> 01:10:40,229
6643		-Okay, by doing what I'm showing you, I
6644		-
6645		-1662
6646		-01:10:40,229 ~-~-> 01:10:43,079
6647		-guarantee you, it's impossible for you
6648		-
6649		-1663
6650		-01:10:43,079 ~-~-> 01:10:45,749
6651		-to not be successful with this. Think
6652		-
6653		-1664
6654		-01:10:45,749 ~-~-> 01:10:47,909
6655		-about what I just said. That's a very,
6656		-
6657		-1665
6658		-01:10:47,909 ~-~-> 01:10:49,559
6659		-very heavy statement I just laid out
6660		-
6661		-1666
6662		-01:10:49,559 ~-~-> 01:10:51,299
6663		-there. But I mean, everything I'm
6664		-
6665		-1667
6666		-01:10:51,299 ~-~-> 01:10:54,239
6667		-telling you. If you do everything I'm
6668		-
6669		-1668
6670		-01:10:54,239 ~-~-> 01:10:56,609
6671		-showing you to do development exercises
6672		-
6673		-1669
6674		-01:10:56,609 ~-~-> 01:10:57,809
6675		-during the process of looking
6676		-
6677		-1670
6678		-01:10:57,809 ~-~-> 01:10:59,369
6679		-everything, breaking the market down
6680		-
6681		-1671
6682		-01:10:59,369 ~-~-> 01:11:00,629
6683		-like we're showing right We're having a
6684		-
6685		-1672
6686		-01:11:00,629 ~-~-> 01:11:02,729
6687		-risk on risk off scenario trading with
6688		-
6689		-1673
6690		-01:11:02,729 ~-~-> 01:11:04,319
6691		-institutional sponsors that behind the
6692		-
6693		-1674
6694		-01:11:04,319 ~-~-> 01:11:08,429
6695		-ideas of your trade. Do you have the the
6696		-
6697		-1675
6698		-01:11:08,429 ~-~-> 01:11:12,059
6699		-framework that's Cognizant, okay? Or not
6700		-
6701		-1676
6702		-01:11:12,059 ~-~-> 01:11:15,149
6703		-times that is representative of what the
6704		-
6705		-1677
6706		-01:11:15,149 ~-~-> 01:11:16,589
6707		-market should be doing moving higher or
6708		-
6709		-1678
6710		-01:11:16,589 ~-~-> 01:11:18,869
6711		-lower? If a bear markets on their way,
6712		-
6713		-1679
6714		-01:11:19,439 ~-~-> 01:11:20,879
6715		-what is your daily charts look like?
6716		-
6717		-1680
6718		-01:11:20,999 ~-~-> 01:11:23,249
6719		-Down days? Right? How good is down day
6720		-
6721		-1681
6722		-01:11:23,249 ~-~-> 01:11:24,809
6723		-start? Typically, with a up move
6724		-
6725		-1682
6726		-01:11:24,809 ~-~-> 01:11:27,029
6727		-intraday, that's usually catching many
6728		-
6729		-1683
6730		-01:11:27,029 ~-~-> 01:11:28,679
6731		-traders by surprise. Wait a minute, I
6732		-
6733		-1684
6734		-01:11:28,679 ~-~-> 01:11:30,629
6735		-bought that I'm here I am buying a high
6736		-
6737		-1685
6738		-01:11:30,629 ~-~-> 01:11:33,929
6739		-today. Guess what? I did that. You're
6740		-
6741		-1686
6742		-01:11:33,929 ~-~-> 01:11:36,989
6743		-probably doing it now. There's an answer
6744		-
6745		-1687
6746		-01:11:36,989 ~-~-> 01:11:39,209
6747		-to it. And it's by taking yourself out
6748		-
6749		-1688
6750		-01:11:39,209 ~-~-> 01:11:41,669
6751		-of the textbooks out of the the guys
6752		-
6753		-1689
6754		-01:11:41,669 ~-~-> 01:11:43,349
6755		-that want to sell you things and teach
6756		-
6757		-1690
6758		-01:11:43,349 ~-~-> 01:11:44,579
6759		-you how to be the greatest trader in the
6760		-
6761		-1691
6762		-01:11:44,579 ~-~-> 01:11:46,499
6763		-world. Okay. Let me tell you something.
6764		-
6765		-1692
6766		-01:11:47,939 ~-~-> 01:11:49,679
6767		-If they're selling you that stuff, they
6768		-
6769		-1693
6770		-01:11:49,679 ~-~-> 01:11:52,709
6771		-need the money. If they need the money,
6772		-
6773		-1694
6774		-01:11:52,949 ~-~-> 01:11:54,869
6775		-they ain't that good of a trader. And
6776		-
6777		-1695
6778		-01:11:54,869 ~-~-> 01:11:56,999
6779		-it's just that simple. I don't need your
6780		-
6781		-1696
6782		-01:11:56,999 ~-~-> 01:11:59,339
6783		-money. I don't need your thank yous. I
6784		-
6785		-1697
6786		-01:11:59,339 ~-~-> 01:12:01,949
6787		-don't need any That stuff. I covered it
6788		-
6789		-1698
6790		-01:12:02,009 ~-~-> 01:12:03,869
6791		-because I enjoy reading the success
6792		-
6793		-1699
6794		-01:12:03,869 ~-~-> 01:12:06,539
6795		-stories. Market wizards flowing one and
6796		-
6797		-1700
6798		-01:12:06,539 ~-~-> 01:12:09,029
6799		-two favorite books, because I was
6800		-
6801		-1701
6802		-01:12:09,029 ~-~-> 01:12:11,849
6803		-inspired by them. Not all of them, but
6804		-
6805		-1702
6806		-01:12:11,849 ~-~-> 01:12:13,619
6807		-several individuals in there. I was
6808		-
6809		-1703
6810		-01:12:13,619 ~-~-> 01:12:17,159
6811		-inspired by I liked their story. I want
6812		-
6813		-1704
6814		-01:12:17,159 ~-~-> 01:12:19,769
6815		-more of that. swagger is not putting any
6816		-
6817		-1705
6818		-01:12:19,769 ~-~-> 01:12:21,719
6819		-more books out there, they are engaging
6820		-
6821		-1706
6822		-01:12:21,719 ~-~-> 01:12:23,789
6823		-to me. So I want to create more, okay, I
6824		-
6825		-1707
6826		-01:12:23,789 ~-~-> 01:12:26,519
6827		-want to create more stories. And I like
6828		-
6829		-1708
6830		-01:12:26,519 ~-~-> 01:12:27,929
6831		-sharing my story with you guys. And it
6832		-
6833		-1709
6834		-01:12:27,929 ~-~-> 01:12:29,339
6835		-may be a broken record to some of you
6836		-
6837		-1710
6838		-01:12:29,369 ~-~-> 01:12:31,139
6839		-okay, but I want to see more of that.
6840		-
6841		-1711
6842		-01:12:31,319 ~-~-> 01:12:32,999
6843		-And it's going to come through you doing
6844		-
6845		-1712
6846		-01:12:32,999 ~-~-> 01:12:36,959
6847		-these very things. Okay. So I know I'm
6848		-
6849		-1713
6850		-01:12:36,959 ~-~-> 01:12:38,699
6851		-on a soapbox and I went down another
6852		-
6853		-1714
6854		-01:12:38,879 ~-~-> 01:12:40,829
6855		-rabbit trail but yeah, that's all part
6856		-
6857		-1715
6858		-01:12:40,829 ~-~-> 01:12:43,199
6859		-of the price of being in these videos.
6860		-
6861		-1716
6862		-01:12:43,199 ~-~-> 01:12:44,819
6863		-Guys. You knew that in advance is going
6864		-
6865		-1717
6866		-01:12:44,819 ~-~-> 01:12:46,079
6867		-to be rabbit trails and it's going to be
6868		-
6869		-1718
6870		-01:12:46,079 ~-~-> 01:12:47,309
6871		-things that you have to listen to and
6872		-
6873		-1719
6874		-01:12:47,309 ~-~-> 01:12:50,879
6875		-rants and suck it up. So now using this
6876		-
6877		-1720
6878		-01:12:50,879 ~-~-> 01:12:53,309
6879		-example, we understand that we're in an
6880		-
6881		-1721
6882		-01:12:53,309 ~-~-> 01:12:55,619
6883		-area or an environment if you will, that
6884		-
6885		-1722
6886		-01:12:55,619 ~-~-> 01:12:57,359
6887		-price should be seeing weaker prices on
6888		-
6889		-1723
6890		-01:12:57,359 ~-~-> 01:12:59,129
6891		-the cable. While the dollar should be
6892		-
6893		-1724
6894		-01:12:59,129 ~-~-> 01:13:00,659
6895		-poised to trade higher. Now obviously,
6896		-
6897		-1725
6898		-01:13:00,659 ~-~-> 01:13:02,309
6899		-in hindsight, we can see that as a fact.
6900		-
6901		-1726
6902		-01:13:02,459 ~-~-> 01:13:04,589
6903		-Okay, but also, I'm taking it back to
6904		-
6905		-1727
6906		-01:13:04,859 ~-~-> 01:13:06,989
6907		-the previous week when I have witnesses.
6908		-
6909		-1728
6910		-01:13:07,019 ~-~-> 01:13:08,759
6911		-Okay, we're in a live session where I
6912		-
6913		-1729
6914		-01:13:08,759 ~-~-> 01:13:10,829
6915		-was mapping out all these things and
6916		-
6917		-1730
6918		-01:13:11,159 ~-~-> 01:13:12,329
6919		-profitable scenarios.
6920		-
6921		-1731
6922		-01:13:14,280 ~-~-> 01:13:15,300
6923		-Obviously, I shouldn't have to be
6924		-
6925		-1732
6926		-01:13:15,300 ~-~-> 01:13:17,160
6927		-teaching you support, you know, if price
6928		-
6929		-1733
6930		-01:13:17,160 ~-~-> 01:13:18,180
6931		-comes down to support, where should
6932		-
6933		-1734
6934		-01:13:18,180 ~-~-> 01:13:20,730
6935		-price do, you know, go in terms of
6936		-
6937		-1735
6938		-01:13:20,730 ~-~-> 01:13:22,200
6939		-direction, if it's going to be support,
6940		-
6941		-1736
6942		-01:13:22,260 ~-~-> 01:13:24,930
6943		-it's going to go up. Okay. So if that's
6944		-
6945		-1737
6946		-01:13:24,930 ~-~-> 01:13:26,130
6947		-going to happen in the dollar, we're
6948		-
6949		-1738
6950		-01:13:26,130 ~-~-> 01:13:27,480
6951		-going to see weaker prices in the
6952		-
6953		-1739
6954		-01:13:27,480 ~-~-> 01:13:28,830
6955		-foreign currency markets. And simply
6956		-
6957		-1740
6958		-01:13:28,860 ~-~-> 01:13:30,480
6959		-because I like to follow the cable and
6960		-
6961		-1741
6962		-01:13:30,480 ~-~-> 01:13:32,460
6963		-fiber, obviously, you're gonna see that
6964		-
6965		-1742
6966		-01:13:32,460 ~-~-> 01:13:34,410
6967		-translate in lower prices between the
6968		-
6969		-1743
6970		-01:13:34,410 ~-~-> 01:13:38,640
6971		-two asset classes. Now, we identify the
6972		-
6973		-1744
6974		-01:13:38,640 ~-~-> 01:13:40,830
6975		-selling scenario during London. We'd
6976		-
6977		-1745
6978		-01:13:40,830 ~-~-> 01:13:43,230
6979		-like to see that setup. And once we're
6980		-
6981		-1746
6982		-01:13:43,230 ~-~-> 01:13:45,120
6983		-assuming that we're in the position, how
6984		-
6985		-1747
6986		-01:13:45,120 ~-~-> 01:13:46,230
6987		-long do we hold it? Well, there's
6988		-
6989		-1748
6990		-01:13:46,230 ~-~-> 01:13:47,310
6991		-several different things we'd like to
6992		-
6993		-1749
6994		-01:13:47,310 ~-~-> 01:13:49,500
6995		-do. We'd like to look at range
6996		-
6997		-1750
6998		-01:13:49,500 ~-~-> 01:13:52,680
6999		-projections, which is using Fibonacci
7000		-
7001		-1751
7002		-01:13:52,890 ~-~-> 01:13:54,450
7003		-and swing projections. And we'd like to
7004		-
7005		-1752
7006		-01:13:54,450 ~-~-> 01:13:57,240
7007		-use average daily range, which is
7008		-
7009		-1753
7010		-01:13:57,240 ~-~-> 01:13:58,680
7011		-another tool. That's an indicator. I'll
7012		-
7013		-1754
7014		-01:13:58,680 ~-~-> 01:14:00,480
7015		-share with you. I can Pull up the
7016		-
7017		-1755
7018		-01:14:00,480 ~-~-> 01:14:02,640
7019		-average daily range here on this day,
7020		-
7021		-1756
7022		-01:14:02,760 ~-~-> 01:14:05,910
7023		-and, but if you look at the things like
7024		-
7025		-1757
7026		-01:14:05,910 ~-~-> 01:14:07,380
7027		-average true range, it'll kind of give
7028		-
7029		-1758
7030		-01:14:07,380 ~-~-> 01:14:10,680
7031		-you like the five day average range of
7032		-
7033		-1759
7034		-01:14:10,680 ~-~-> 01:14:12,630
7035		-the last five days. And whatever that
7036		-
7037		-1760
7038		-01:14:12,630 ~-~-> 01:14:14,700
7039		-range is you just add it, I'm sorry, you
7040		-
7041		-1761
7042		-01:14:14,700 ~-~-> 01:14:16,500
7043		-subtract it from the low, I'm sorry,
7044		-
7045		-1762
7046		-01:14:16,530 ~-~-> 01:14:18,030
7047		-good grief, I'm really messing this up
7048		-
7049		-1763
7050		-01:14:18,390 ~-~-> 01:14:21,300
7051		-the average daily range or average true
7052		-
7053		-1764
7054		-01:14:21,300 ~-~-> 01:14:24,300
7055		-range of five days, okay. And if you do
7056		-
7057		-1765
7058		-01:14:24,300 ~-~-> 01:14:27,180
7059		-that, just take that range and subtract
7060		-
7061		-1766
7062		-01:14:27,180 ~-~-> 01:14:28,710
7063		-it from the highest high the day, and
7064		-
7065		-1767
7066		-01:14:28,710 ~-~-> 01:14:30,750
7067		-it'll give you approximately where the
7068		-
7069		-1768
7070		-01:14:30,960 ~-~-> 01:14:33,630
7071		-low should form. Now, I can tell you
7072		-
7073		-1769
7074		-01:14:33,630 ~-~-> 01:14:37,170
7075		-this, the tool that I use is not average
7076		-
7077		-1770
7078		-01:14:37,170 ~-~-> 01:14:41,070
7079		-true range is a indicator that I've
7080		-
7081		-1771
7082		-01:14:41,550 ~-~-> 01:14:44,370
7083		-adopted. Okay, I wish I could remember I
7084		-
7085		-1772
7086		-01:14:44,370 ~-~-> 01:14:45,840
7087		-got it from because I'd love to be able
7088		-
7089		-1773
7090		-01:14:45,840 ~-~-> 01:14:48,540
7091		-to give credit to where I did, but I
7092		-
7093		-1774
7094		-01:14:48,540 ~-~-> 01:14:50,910
7095		-just don't know. And if you guys know
7096		-
7097		-1775
7098		-01:14:51,600 ~-~-> 01:14:52,950
7099		-where you've seen it before, you know,
7100		-
7101		-1776
7102		-01:14:52,950 ~-~-> 01:14:54,120
7103		-because I grabbed it off of a forum
7104		-
7105		-1777
7106		-01:14:54,120 ~-~-> 01:14:57,060
7107		-somewhere. But long and short of it is
7108		-
7109		-1778
7110		-01:14:57,090 ~-~-> 01:14:59,580
7111		-that tool to me is really good. It's
7112		-
7113		-1779
7114		-01:14:59,580 ~-~-> 01:15:03,330
7115		-useful. And it's one click away, just
7116		-
7117		-1780
7118		-01:15:03,330 ~-~-> 01:15:04,950
7119		-taking your mt four clicking it and it's
7120		-
7121		-1781
7122		-01:15:04,950 ~-~-> 01:15:06,570
7123		-the ICT average daily range indicator.
7124		-
7125		-1782
7126		-01:15:06,600 ~-~-> 01:15:08,490
7127		-And I didn't create the tool. I didn't
7128		-
7129		-1783
7130		-01:15:08,490 ~-~-> 01:15:10,950
7131		-program it, okay, but I did adopt it as
7132		-
7133		-1784
7134		-01:15:10,950 ~-~-> 01:15:13,770
7135		-my tool for using average daily range. I
7136		-
7137		-1785
7138		-01:15:13,770 ~-~-> 01:15:15,960
7139		-do look at average daily range on a four
7140		-
7141		-1786
7142		-01:15:15,960 ~-~-> 01:15:19,020
7143		-week basis, I look at a weekly average,
7144		-
7145		-1787
7146		-01:15:19,080 ~-~-> 01:15:23,640
7147		-not average, but a weekly average range,
7148		-
7149		-1788
7150		-01:15:23,850 ~-~-> 01:15:26,670
7151		-I use a monthly average range, and I use
7152		-
7153		-1789
7154		-01:15:26,670 ~-~-> 01:15:28,980
7155		-a five day average. And there's an
7156		-
7157		-1790
7158		-01:15:29,010 ~-~-> 01:15:30,870
7159		-indicator that I've seen out there that
7160		-
7161		-1791
7162		-01:15:31,140 ~-~-> 01:15:33,360
7163		-shows all three of those that you can
7164		-
7165		-1792
7166		-01:15:33,360 ~-~-> 01:15:34,620
7167		-have up in the upper left hand corner of
7168		-
7169		-1793
7170		-01:15:34,620 ~-~-> 01:15:37,050
7171		-your mt four platform. Man, as soon as I
7172		-
7173		-1794
7174		-01:15:37,050 ~-~-> 01:15:38,490
7175		-find out where I can get it, I will
7176		-
7177		-1795
7178		-01:15:38,580 ~-~-> 01:15:40,350
7179		-obviously start incorporating it in my
7180		-
7181		-1796
7182		-01:15:40,350 ~-~-> 01:15:41,940
7183		-videos and obviously share it with you
7184		-
7185		-1797
7186		-01:15:41,940 ~-~-> 01:15:43,320
7187		-but if you do know what I'm talking
7188		-
7189		-1798
7190		-01:15:43,320 ~-~-> 01:15:46,230
7191		-about and have it work can take me to
7192		-
7193		-1799
7194		-01:15:46,230 ~-~-> 01:15:48,930
7195		-that source where I can get it. I would
7196		-
7197		-1800
7198		-01:15:48,930 ~-~-> 01:15:50,430
7199		-love that now I'd be very appreciative
7200		-
7201		-1801
7202		-01:15:50,430 ~-~-> 01:15:55,890
7203		-of it. But as it relates to slings, if
7204		-
7205		-1802
7206		-01:15:55,890 ~-~-> 01:15:58,620
7207		-we're looking at being a seller,
7208		-
7209		-1803
7210		-01:15:58,620 ~-~-> 01:16:01,830
7211		-obviously here How long do we hold to
7212		-
7213		-1804
7214		-01:16:01,830 ~-~-> 01:16:06,600
7215		-trade? Well, time wise timelines we
7216		-
7217		-1805
7218		-01:16:06,600 ~-~-> 01:16:08,310
7219		-already mentioned that we're looking for
7220		-
7221		-1806
7222		-01:16:08,580 ~-~-> 01:16:12,330
7223		-10am in New York. Now that is
7224		-
7225		-1807
7226		-01:16:12,330 ~-~-> 01:16:13,710
7227		-representative of the beginning of this
7228		-
7229		-1808
7230		-01:16:13,710 ~-~-> 01:16:15,720
7231		-red line. Okay, now this green line here
7232		-
7233		-1809
7234		-01:16:15,720 ~-~-> 01:16:18,180
7235		-is New York session. This is London
7236		-
7237		-1810
7238		-01:16:18,180 ~-~-> 01:16:20,490
7239		-close. London close the beginning is
7240		-
7241		-1811
7242		-01:16:20,490 ~-~-> 01:16:23,610
7243		-10am. At least that's how I view it. So
7244		-
7245		-1812
7246		-01:16:23,610 ~-~-> 01:16:26,640
7247		-if we looked at that, I shouldn't do
7248		-
7249		-1813
7250		-01:16:26,640 ~-~-> 01:16:26,940
7251		-that.
7252		-
7253		-1814
7254		-01:16:35,460 ~-~-> 01:16:36,480
7255		-Let's get this off.
7256		-
7257		-1815
7258		-01:16:44,520 ~-~-> 01:16:45,810
7259		-I have a mouse sitting right here next
7260		-
7261		-1816
7262		-01:16:45,810 ~-~-> 01:16:47,490
7263		-to me and I'm still using my touchpad.
7264		-
7265		-1817
7266		-01:16:48,540 ~-~-> 01:16:58,710
7267		-Good grief. Okay, this is the beginning
7268		-
7269		-1818
7270		-01:16:58,740 ~-~-> 01:17:00,930
7271		-of the London closed session. So our
7272		-
7273		-1819
7274		-01:17:00,960 ~-~-> 01:17:07,890
7275		-idea is between this vertical line, this
7276		-
7277		-1820
7278		-01:17:07,890 ~-~-> 01:17:09,990
7279		-row, line timewise. Now, this is a
7280		-
7281		-1821
7282		-01:17:09,990 ~-~-> 01:17:12,270
7283		-general theory, it's very generic. And I
7284		-
7285		-1822
7286		-01:17:12,270 ~-~-> 01:17:14,550
7287		-want you to test it, okay? And much like
7288		-
7289		-1823
7290		-01:17:14,550 ~-~-> 01:17:16,230
7291		-you see here, it doesn't give you the
7292		-
7293		-1824
7294		-01:17:16,230 ~-~-> 01:17:18,570
7295		-actual low of the day. Okay, I'm going
7296		-
7297		-1825
7298		-01:17:18,570 ~-~-> 01:17:19,860
7299		-to give you another scenario where you
7300		-
7301		-1826
7302		-01:17:19,860 ~-~-> 01:17:21,690
7303		-look for it using the new york session,
7304		-
7305		-1827
7306		-01:17:21,690 ~-~-> 01:17:24,810
7307		-okay? But you have to two times a day,
7308		-
7309		-1828
7310		-01:17:25,020 ~-~-> 01:17:27,180
7311		-where you're looking for the opposite
7312		-
7313		-1829
7314		-01:17:27,240 ~-~-> 01:17:29,760
7315		-end, extreme of the day. Now we're
7316		-
7317		-1830
7318		-01:17:29,760 ~-~-> 01:17:31,320
7319		-looking at a down day as it relates to
7320		-
7321		-1831
7322		-01:17:31,320 ~-~-> 01:17:33,900
7323		-this particular vertical, not vertical,
7324		-
7325		-1832
7326		-01:17:33,900 ~-~-> 01:17:37,500
7327		-but this down move here is all from this
7328		-
7329		-1833
7330		-01:17:37,500 ~-~-> 01:17:39,960
7331		-line here to this line here. In terms of
7332		-
7333		-1834
7334		-01:17:39,960 ~-~-> 01:17:44,610
7335		-time, this is all one day. We have this
7336		-
7337		-1835
7338		-01:17:44,640 ~-~-> 01:17:46,650
7339		-area here is where we like to see the
7340		-
7341		-1836
7342		-01:17:46,650 ~-~-> 01:17:48,600
7343		-low form on down days. This is where we
7344		-
7345		-1837
7346		-01:17:48,600 ~-~-> 01:17:50,850
7347		-anticipate it, but the low can form
7348		-
7349		-1838
7350		-01:17:50,910 ~-~-> 01:17:53,460
7351		-during the New York session, the New
7352		-
7353		-1839
7354		-01:17:53,460 ~-~-> 01:17:57,030
7355		-York session, okay, can either cap the
7356		-
7357		-1840
7358		-01:17:57,030 ~-~-> 01:17:58,260
7359		-daily range in other words make the
7360		-
7361		-1841
7362		-01:17:58,260 ~-~-> 01:18:00,810
7363		-opposite and that was formed. In this
7364		-
7365		-1842
7366		-01:18:00,810 ~-~-> 01:18:02,070
7367		-case, it's a down day because we have a
7368		-
7369		-1843
7370		-01:18:02,070 ~-~-> 01:18:04,950
7371		-high up in here in London, the lowest
7372		-
7373		-1844
7374		-01:18:04,950 ~-~-> 01:18:08,220
7375		-formed here in New York and starts to
7376		-
7377		-1845
7378		-01:18:08,220 ~-~-> 01:18:11,790
7379		-rally up. This in here is a reversal
7380		-
7381		-1846
7382		-01:18:11,790 ~-~-> 01:18:15,000
7383		-market profile market comes down, makes
7384		-
7385		-1847
7386		-01:18:15,000 ~-~-> 01:18:16,440
7387		-a low of the day in New York session and
7388		-
7389		-1848
7390		-01:18:16,440 ~-~-> 01:18:20,280
7391		-trades now, later on it does trade
7392		-
7393		-1849
7394		-01:18:20,280 ~-~-> 01:18:22,950
7395		-sideways going into the new day, but we
7396		-
7397		-1850
7398		-01:18:22,950 ~-~-> 01:18:28,170
7399		-do have the London close timeframe. If
7400		-
7401		-1851
7402		-01:18:28,170 ~-~-> 01:18:29,610
7403		-you were to take profits from here,
7404		-
7405		-1852
7406		-01:18:29,640 ~-~-> 01:18:31,980
7407		-entering up here, and closing a trade
7408		-
7409		-1853
7410		-01:18:31,980 ~-~-> 01:18:34,440
7411		-out here, would you be upset about that?
7412		-
7413		-1854
7414		-01:18:35,640 ~-~-> 01:18:37,200
7415		-You didn't capture the very, very low
7416		-
7417		-1855
7418		-01:18:37,200 ~-~-> 01:18:40,950
7419		-low. Okay, you're out here. If you're
7420		-
7421		-1856
7422		-01:18:40,950 ~-~-> 01:18:42,930
7423		-waiting for perfect scenarios all the
7424		-
7425		-1857
7426		-01:18:42,930 ~-~-> 01:18:44,550
7427		-time, and you're just going to hold to
7428		-
7429		-1858
7430		-01:18:44,550 ~-~-> 01:18:46,110
7431		-London close because ICT said London
7432		-
7433		-1859
7434		-01:18:46,110 ~-~-> 01:18:48,870
7435		-close timeframe is 10 and 11am. And I'm
7436		-
7437		-1860
7438		-01:18:48,870 ~-~-> 01:18:50,580
7439		-not going to get out before then, okay,
7440		-
7441		-1861
7442		-01:18:50,640 ~-~-> 01:18:52,380
7443		-you're going to miss some opportunities
7444		-
7445		-1862
7446		-01:18:52,380 ~-~-> 01:18:53,610
7447		-like this where you get out at a better
7448		-
7449		-1863
7450		-01:18:53,610 ~-~-> 01:18:55,380
7451		-price. So how do we answer that
7452		-
7453		-1864
7454		-01:18:55,380 ~-~-> 01:18:58,590
7455		-equation, time and price, time and price
7456		-
7457		-1865
7458		-01:18:58,680 ~-~-> 01:19:00,930
7459		-so we have to incorporate A couple other
7460		-
7461		-1866
7462		-01:19:00,930 ~-~-> 01:19:04,410
7463		-things prior to this move down this
7464		-
7465		-1867
7466		-01:19:04,410 ~-~-> 01:19:07,110
7467		-little spike up in drops okay this Judas
7468		-
7469		-1868
7470		-01:19:07,110 ~-~-> 01:19:10,410
7471		-swing up we have this primary swing
7472		-
7473		-1869
7474		-01:19:10,410 ~-~-> 01:19:12,750
7475		-here, they may not be primary too many
7476		-
7477		-1870
7478		-01:19:12,750 ~-~-> 01:19:14,460
7479		-but to me this is how I look at market
7480		-
7481		-1871
7482		-01:19:14,460 ~-~-> 01:19:17,220
7483		-structure. We have a low and the highest
7484		-
7485		-1872
7486		-01:19:17,220 ~-~-> 01:19:20,040
7487		-high in here. Okay, so what we look for?
7488		-
7489		-1873
7490		-01:19:21,150 ~-~-> 01:19:26,460
7491		-Well let's look at this right here. Okay
7492		-
7493		-1874
7494		-01:19:26,490 ~-~-> 01:19:28,860
7495		-see this they're pretty much equal. So
7496		-
7497		-1875
7498		-01:19:28,860 ~-~-> 01:19:32,250
7499		-we're going to use a fib we're gonna
7500		-
7501		-1876
7502		-01:19:32,250 ~-~-> 01:19:35,940
7503		-take the low, up to the high that's
7504		-
7505		-1877
7506		-01:19:35,940 ~-~-> 01:19:38,700
7507		-we're dropping Okay See that? When we
7508		-
7509		-1878
7510		-01:19:38,700 ~-~-> 01:19:40,620
7511		-have that, when we're looking for lower
7512		-
7513		-1879
7514		-01:19:40,620 ~-~-> 01:19:44,730
7515		-prices, we expect this swing to be
7516		-
7517		-1880
7518		-01:19:44,730 ~-~-> 01:19:47,340
7519		-measurable move. Once this low is taken
7520		-
7521		-1881
7522		-01:19:47,340 ~-~-> 01:19:49,950
7523		-out, which it is here, we look for
7524		-
7525		-1882
7526		-01:19:50,160 ~-~-> 01:19:55,320
7527		-127 162 and 200 extensions 200 extension
7528		-
7529		-1883
7530		-01:19:55,320 ~-~-> 01:19:58,770
7531		-is basically a multiple, a doubling if
7532		-
7533		-1884
7534		-01:19:58,770 ~-~-> 01:20:00,240
7535		-you will the range from the low To the
7536		-
7537		-1885
7538		-01:20:00,240 ~-~-> 01:20:02,460
7539		-high, once the lows taken out, it'll
7540		-
7541		-1886
7542		-01:20:02,460 ~-~-> 01:20:04,860
7543		-move that much range equivalent from the
7544		-
7545		-1887
7546		-01:20:04,860 ~-~-> 01:20:07,230
7547		-low down. And that's what you get 200%
7548		-
7549		-1888
7550		-01:20:07,230 ~-~-> 01:20:11,220
7551		-here. Okay? The 162 extension is in
7552		-
7553		-1889
7554		-01:20:11,220 ~-~-> 01:20:14,490
7555		-here. And the 127 extension is here at
7556		-
7557		-1890
7558		-01:20:14,520 ~-~-> 01:20:16,470
7559		-any one of these three price levels,
7560		-
7561		-1891
7562		-01:20:16,650 ~-~-> 01:20:20,550
7563		-okay? If price gets to it inside of New
7564		-
7565		-1892
7566		-01:20:20,550 ~-~-> 01:20:22,740
7567		-York or London, that's when you take
7568		-
7569		-1893
7570		-01:20:22,740 ~-~-> 01:20:25,650
7571		-profits. We, we were trading at the
7572		-
7573		-1894
7574		-01:20:25,650 ~-~-> 01:20:26,640
7575		-beginning of
7576		-
7577		-1895
7578		-01:20:29,430 ~-~-> 01:20:31,590
7579		-New York right here. So we were inside
7580		-
7581		-1896
7582		-01:20:31,590 ~-~-> 01:20:33,240
7583		-New York and we traded at 200. That's
7584		-
7585		-1897
7586		-01:20:33,240 ~-~-> 01:20:34,890
7587		-when you take your profits, you can
7588		-
7589		-1898
7590		-01:20:34,890 ~-~-> 01:20:36,450
7591		-leave a little bit on expecting lower
7592		-
7593		-1899
7594		-01:20:36,450 ~-~-> 01:20:38,910
7595		-prices, okay, and maybe reach for the
7596		-
7597		-1900
7598		-01:20:38,910 ~-~-> 01:20:41,310
7599		-London close timeframe then. But as it
7600		-
7601		-1901
7602		-01:20:41,310 ~-~-> 01:20:44,490
7603		-relates to perfection, you're not going
7604		-
7605		-1902
7606		-01:20:44,490 ~-~-> 01:20:46,470
7607		-to expect perfection. You want to take
7608		-
7609		-1903
7610		-01:20:46,470 ~-~-> 01:20:48,030
7611		-some profits out there. In fact, you
7612		-
7613		-1904
7614		-01:20:48,030 ~-~-> 01:20:49,380
7615		-want to take some out when we get below
7616		-
7617		-1905
7618		-01:20:49,380 ~-~-> 01:20:50,820
7619		-this low as well. You want to take a
7620		-
7621		-1906
7622		-01:20:50,820 ~-~-> 01:20:51,930
7623		-little bit off something you want to
7624		-
7625		-1907
7626		-01:20:51,930 ~-~-> 01:20:55,920
7627		-take something off, okay? And if you can
7628		-
7629		-1908
7630		-01:20:55,920 ~-~-> 01:20:59,790
7631		-manage it where over time, if you start
7632		-
7633		-1909
7634		-01:20:59,820 ~-~-> 01:21:01,260
7635		-building In your understanding of
7636		-
7637		-1910
7638		-01:21:01,260 ~-~-> 01:21:05,280
7639		-trading, and you start working up to 2%
7640		-
7641		-1911
7642		-01:21:05,280 ~-~-> 01:21:07,380
7643		-risk per trade if you do that, if you
7644		-
7645		-1912
7646		-01:21:07,380 ~-~-> 01:21:10,410
7647		-take off a half a percent, a half of 1%
7648		-
7649		-1913
7650		-01:21:10,440 ~-~-> 01:21:11,760
7651		-Okay, leaving one and a half percent on
7652		-
7653		-1914
7654		-01:21:11,760 ~-~-> 01:21:14,640
7655		-the trade for the rest of the day that
7656		-
7657		-1915
7658		-01:21:14,640 ~-~-> 01:21:17,880
7659		-will give you a huge head start in terms
7660		-
7661		-1916
7662		-01:21:17,910 ~-~-> 01:21:21,360
7663		-of satisfying the many times insatiable
7664		-
7665		-1917
7666		-01:21:21,360 ~-~-> 01:21:25,020
7667		-desire to you be right. Okay, that that
7668		-
7669		-1918
7670		-01:21:25,020 ~-~-> 01:21:27,270
7671		-hunger to be right is many times
7672		-
7673		-1919
7674		-01:21:27,930 ~-~-> 01:21:30,600
7675		-alleviated. Okay, if you take a little
7676		-
7677		-1920
7678		-01:21:30,600 ~-~-> 01:21:33,810
7679		-bit off and you show a positive gain out
7680		-
7681		-1921
7682		-01:21:33,810 ~-~-> 01:21:35,550
7683		-of the trade, that way, even if it does
7684		-
7685		-1922
7686		-01:21:35,550 ~-~-> 01:21:37,080
7687		-come back and stops you out, you had
7688		-
7689		-1923
7690		-01:21:37,080 ~-~-> 01:21:38,910
7691		-something that you took out of the
7692		-
7693		-1924
7694		-01:21:38,910 ~-~-> 01:21:41,760
7695		-marketplace, okay? You can't be right
7696		-
7697		-1925
7698		-01:21:41,760 ~-~-> 01:21:43,500
7699		-all the time. And these tools will not
7700		-
7701		-1926
7702		-01:21:43,500 ~-~-> 01:21:46,620
7703		-100% give you that level of accuracy,
7704		-
7705		-1927
7706		-01:21:46,740 ~-~-> 01:21:48,330
7707		-but it will give you insane accuracy
7708		-
7709		-1928
7710		-01:21:48,330 ~-~-> 01:21:52,050
7711		-that nothing else delivers. Going over
7712		-
7713		-1929
7714		-01:21:52,050 ~-~-> 01:21:53,730
7715		-to the fiber. Okay, we're gonna look at
7716		-
7717		-1930
7718		-01:21:53,730 ~-~-> 01:21:56,250
7719		-something as it relates to the same
7720		-
7721		-1931
7722		-01:21:56,250 ~-~-> 01:21:58,650
7723		-phenomenon. Okay, much in the same vein,
7724		-
7725		-1932
7726		-01:21:58,650 ~-~-> 01:22:01,290
7727		-we've seen bullish prices In $1, which
7728		-
7729		-1933
7730		-01:22:01,290 ~-~-> 01:22:03,000
7731		-would be translated in lower prices in
7732		-
7733		-1934
7734		-01:22:03,000 ~-~-> 01:22:06,990
7735		-the fiber. Okay, let's zoom in. And
7736		-
7737		-1935
7738		-01:22:06,990 ~-~-> 01:22:10,980
7739		-we're gonna look at that same day. Okay,
7740		-
7741		-1936
7742		-01:22:10,980 ~-~-> 01:22:13,140
7743		-here's Wednesday today, Tuesday, Monday,
7744		-
7745		-1937
7746		-01:22:13,140 ~-~-> 01:22:15,690
7747		-Sunday Friday. Take a look what's going
7748		-
7749		-1938
7750		-01:22:15,690 ~-~-> 01:22:18,960
7751		-on here. See how price is rallying on
7752		-
7753		-1939
7754		-01:22:18,960 ~-~-> 01:22:23,130
7755		-that day? See that this shouldn't be
7756		-
7757		-1940
7758		-01:22:23,130 ~-~-> 01:22:26,340
7759		-occurring. Think about it. If the dollar
7760		-
7761		-1941
7762		-01:22:26,370 ~-~-> 01:22:29,430
7763		-is poised to rally What the heck is the
7764		-
7765		-1942
7766		-01:22:29,430 ~-~-> 01:22:33,240
7767		-fiber doing rally? That is going to be a
7768		-
7769		-1943
7770		-01:22:33,240 ~-~-> 01:22:35,550
7771		-short term sell scenario. Okay, now
7772		-
7773		-1944
7774		-01:22:35,550 ~-~-> 01:22:38,910
7775		-contrast that was what we see here in
7776		-
7777		-1945
7778		-01:22:38,940 ~-~-> 01:22:41,670
7779		-the cable. Let's go back over here add
7780		-
7781		-1946
7782		-01:22:41,790 ~-~-> 01:22:46,050
7783		-candlesticks. Okay, here's Wednesday,
7784		-
7785		-1947
7786		-01:22:46,080 ~-~-> 01:22:47,850
7787		-Tuesday, Monday, Sunday, Friday.
7788		-
7789		-1948
7790		-01:22:48,060 ~-~-> 01:22:51,900
7791		-Friday's a down move on the fiber
7792		-
7793		-1949
7794		-01:22:52,500 ~-~-> 01:22:55,290
7795		-Fridays and up move. That don't make any
7796		-
7797		-1950
7798		-01:22:55,290 ~-~-> 01:22:58,110
7799		-sense, does it? Well, what you're
7800		-
7801		-1951
7802		-01:22:58,110 ~-~-> 01:23:00,000
7803		-looking at is this is actually a short
7804		-
7805		-1952
7806		-01:23:00,000 ~-~-> 01:23:03,210
7807		-term trade, okay, versus a day trade.
7808		-
7809		-1953
7810		-01:23:04,620 ~-~-> 01:23:07,680
7811		-You have a move it's moving counter to
7812		-
7813		-1954
7814		-01:23:07,680 ~-~-> 01:23:09,300
7815		-directional premise that's established
7816		-
7817		-1955
7818		-01:23:09,300 ~-~-> 01:23:11,130
7819		-by the dollar. Okay? In other words,
7820		-
7821		-1956
7822		-01:23:11,370 ~-~-> 01:23:15,000
7823		-fires rallying. In a risk off scenario.
7824		-
7825		-1957
7826		-01:23:15,120 ~-~-> 01:23:16,350
7827		-Number words they're setting up a
7828		-
7829		-1958
7830		-01:23:16,350 ~-~-> 01:23:18,090
7831		-scenario that's going to be a little bit
7832		-
7833		-1959
7834		-01:23:18,090 ~-~-> 01:23:20,910
7835		-more of a move going lower. Okay. And
7836		-
7837		-1960
7838		-01:23:20,910 ~-~-> 01:23:23,640
7839		-also, this is actually the weaker of the
7840		-
7841		-1961
7842		-01:23:23,640 ~-~-> 01:23:25,230
7843		-two pairs between the fiber and cable.
7844		-
7845		-1962
7846		-01:23:25,560 ~-~-> 01:23:28,620
7847		-If you look at what's going on, cable,
7848		-
7849		-1963
7850		-01:23:29,100 ~-~-> 01:23:32,220
7851		-let me zoom in a little bit here. Cable
7852		-
7853		-1964
7854		-01:23:32,220 ~-~-> 01:23:33,840
7855		-was making this higher high back here
7856		-
7857		-1965
7858		-01:23:33,870 ~-~-> 01:23:37,680
7859		-while the same time in June July last
7860		-
7861		-1966
7862		-01:23:37,680 ~-~-> 01:23:40,170
7863		-the last day of June going into the
7864		-
7865		-1967
7866		-01:23:40,170 ~-~-> 01:23:42,510
7867		-first week or two of July, we made
7868		-
7869		-1968
7870		-01:23:42,510 ~-~-> 01:23:45,390
7871		-higher highs in cable. We did not see
7872		-
7873		-1969
7874		-01:23:45,390 ~-~-> 01:23:50,280
7875		-that in the fiber. Okay, we were seeing
7876		-
7877		-1970
7878		-01:23:50,280 ~-~-> 01:23:52,050
7879		-lower prices. In fact, it's been really
7880		-
7881		-1971
7882		-01:23:52,050 ~-~-> 01:23:54,570
7883		-soft compared to the cable so the weaker
7884		-
7885		-1972
7886		-01:23:54,570 ~-~-> 01:23:57,240
7887		-sister between the two and in
7888		-
7889		-1973
7890		-01:23:57,240 ~-~-> 01:23:59,760
7891		-relationship to the chi the cable and
7892		-
7893		-1974
7894		-01:23:59,760 ~-~-> 01:24:02,310
7895		-you're Yesterday more fiber. Fiber was
7896		-
7897		-1975
7898		-01:24:02,340 ~-~-> 01:24:04,320
7899		-obviously the weaker of the two. But we
7900		-
7901		-1976
7902		-01:24:04,320 ~-~-> 01:24:06,930
7903		-have this momentary break in that
7904		-
7905		-1977
7906		-01:24:06,930 ~-~-> 01:24:08,250
7907		-correlation. In other words, there's a
7908		-
7909		-1978
7910		-01:24:08,250 ~-~-> 01:24:10,830
7911		-rally underway. What's going on here is
7912		-
7913		-1979
7914		-01:24:10,830 ~-~-> 01:24:12,780
7915		-it's calling back to take out stops.
7916		-
7917		-1980
7918		-01:24:12,990 ~-~-> 01:24:14,730
7919		-Okay, one of the things I talked about
7920		-
7921		-1981
7922		-01:24:14,760 ~-~-> 01:24:17,880
7923		-many times is the best moves occur rate
7924		-
7925		-1982
7926		-01:24:17,940 ~-~-> 01:24:21,150
7927		-after a pre determined level of stops
7928		-
7929		-1983
7930		-01:24:21,180 ~-~-> 01:24:23,580
7931		-gets taken out. And that looks like
7932		-
7933		-1984
7934		-01:24:23,580 ~-~-> 01:24:28,320
7935		-this. Okay, you see these highs here,
7936		-
7937		-1985
7938		-01:24:28,350 ~-~-> 01:24:32,190
7939		-almost equal. If you look at what we
7940		-
7941		-1986
7942		-01:24:32,190 ~-~-> 01:24:36,000
7943		-have, and I'll show you this is it's
7944		-
7945		-1987
7946		-01:24:36,000 ~-~-> 01:24:37,860
7947		-really uncanny how this happens almost
7948		-
7949		-1988
7950		-01:24:37,890 ~-~-> 01:24:40,740
7951		-all the time. Equal low on equal highs,
7952		-
7953		-1989
7954		-01:24:40,740 ~-~-> 01:24:43,470
7955		-rather. Okay, so this price point, if
7956		-
7957		-1990
7958		-01:24:43,470 ~-~-> 01:24:46,380
7959		-you add 10 pips to that, that's about
7960		-
7961		-1991
7962		-01:24:46,380 ~-~-> 01:24:47,910
7963		-where all the stop losses are going to
7964		-
7965		-1992
7966		-01:24:47,910 ~-~-> 01:24:50,640
7967		-be for everyone that's short. Fiber
7968		-
7969		-1993
7970		-01:24:50,640 ~-~-> 01:24:53,340
7971		-comes up, goes just above that level,
7972		-
7973		-1994
7974		-01:24:53,340 ~-~-> 01:24:54,480
7975		-and I'm going to extend this lines. You
7976		-
7977		-1995
7978		-01:24:54,480 ~-~-> 01:24:54,990
7979		-can see it
7980		-
7981		-1996
7982		-01:25:00,000 ~-~-> 01:25:01,770
7983		-Sorry my OCD is flaring I got to make
7984		-
7985		-1997
7986		-01:25:01,770 ~-~-> 01:25:04,380
7987		-sure this level is lined up otherwise
7988		-
7989		-1998
7990		-01:25:04,380 ~-~-> 01:25:07,050
7991		-it'll drive me crazy price rallies up
7992		-
7993		-1999
7994		-01:25:07,050 ~-~-> 01:25:09,150
7995		-through it takes out this this level of
7996		-
7997		-2000
7998		-01:25:09,270 ~-~-> 01:25:11,610
7999		-stops. Now I'm going to zoom in on this
8000		-
8001		-2001
8002		-01:25:11,610 ~-~-> 01:25:15,810
8003		-particular day here on the first of
8004		-
8005		-2002
8006		-01:25:15,810 ~-~-> 01:25:18,990
8007		-August and we're going to go down to a
8008		-
8009		-2003
8010		-01:25:20,040 ~-~-> 01:25:25,800
8011		-15 minute timeframe. Okay, and here's
8012		-
8013		-2004
8014		-01:25:25,800 ~-~-> 01:25:28,530
8015		-that rally up above a clean level. This
8016		-
8017		-2005
8018		-01:25:28,530 ~-~-> 01:25:30,990
8019		-is what we call clean to clean. Stocks
8020		-
8021		-2006
8022		-01:25:30,990 ~-~-> 01:25:32,070
8023		-are gonna be resting just above that.
8024		-
8025		-2007
8026		-01:25:32,070 ~-~-> 01:25:33,540
8027		-Now watch. I've already told you what
8028		-
8029		-2008
8030		-01:25:33,540 ~-~-> 01:25:36,300
8031		-you're looking for. You're looking for a
8032		-
8033		-2009
8034		-01:25:36,300 ~-~-> 01:25:37,920
8035		-range of 10 pips so you want to put a
8036		-
8037		-2010
8038		-01:25:37,920 ~-~-> 01:25:40,290
8039		-rectangle right on that level of the
8040		-
8041		-2011
8042		-01:25:40,290 ~-~-> 01:25:42,450
8043		-highs. Okay, and we're going to look for
8044		-
8045		-2012
8046		-01:25:42,450 ~-~-> 01:25:46,620
8047		-a range of 10 to epital nine See, it's
8048		-
8049		-2013
8050		-01:25:46,620 ~-~-> 01:25:50,580
8051		-10 it says five here 10 drop it right
8052		-
8053		-2014
8054		-01:25:50,580 ~-~-> 01:25:53,130
8055		-there. That's as far as we'd like to see
8056		-
8057		-2015
8058		-01:25:53,130 ~-~-> 01:25:55,050
8059		-price rally up through and reject if it
8060		-
8061		-2016
8062		-01:25:55,050 ~-~-> 01:25:57,090
8063		-does that. What we've just witnessed was
8064		-
8065		-2017
8066		-01:25:57,120 ~-~-> 01:25:59,850
8067		-a raid on stops is bad boys going lower.
8068		-
8069		-2018
8070		-01:26:00,000 ~-~-> 01:26:02,280
8071		-Now notice also how I have the chart set
8072		-
8073		-2019
8074		-01:26:02,280 ~-~-> 01:26:04,470
8075		-up. Doesn't this look like a bull flag?
8076		-
8077		-2020
8078		-01:26:05,280 ~-~-> 01:26:07,050
8079		-Look at it. Doesn't this look like a
8080		-
8081		-2021
8082		-01:26:07,050 ~-~-> 01:26:09,720
8083		-perfect little bull flag? So all the
8084		-
8085		-2022
8086		-01:26:09,720 ~-~-> 01:26:12,630
8087		-classic chart patterns to teach us that
8088		-
8089		-2023
8090		-01:26:12,660 ~-~-> 01:26:14,940
8091		-we should be buying this thing, okay?
8092		-
8093		-2024
8094		-01:26:15,000 ~-~-> 01:26:17,940
8095		-And we're going to expect to see a move.
8096		-
8097		-2025
8098		-01:26:21,870 ~-~-> 01:26:23,580
8099		-Okay, here's the flagpole. Here's the
8100		-
8101		-2026
8102		-01:26:23,580 ~-~-> 01:26:26,280
8103		-high. It's going to rally up from this
8104		-
8105		-2027
8106		-01:26:26,280 ~-~-> 01:26:27,480
8107		-level here. So we're going to expect to
8108		-
8109		-2028
8110		-01:26:27,480 ~-~-> 01:26:30,990
8111		-see price, classically trade to about
8112		-
8113		-2029
8114		-01:26:30,990 ~-~-> 01:26:33,270
8115		-the 134 80 level. That's what the
8116		-
8117		-2030
8118		-01:26:33,270 ~-~-> 01:26:37,860
8119		-textbooks teach us. Well, that's not
8120		-
8121		-2031
8122		-01:26:37,860 ~-~-> 01:26:41,310
8123		-what happens. Okay. And by having that
8124		-
8125		-2032
8126		-01:26:41,310 ~-~-> 01:26:43,440
8127		-understood, okay, you got to understand
8128		-
8129		-2033
8130		-01:26:43,440 ~-~-> 01:26:45,240
8131		-that there are times when textbook stuff
8132		-
8133		-2034
8134		-01:26:45,960 ~-~-> 01:26:48,150
8135		-will work. But it's going to be when
8136		-
8137		-2035
8138		-01:26:48,150 ~-~-> 01:26:50,640
8139		-it's in line with the underlying tone of
8140		-
8141		-2036
8142		-01:26:50,640 ~-~-> 01:26:52,410
8143		-the marketplace when it's set up to
8144		-
8145		-2037
8146		-01:26:52,410 ~-~-> 01:26:57,240
8147		-move. Okay. What I mean by that is that
8148		-
8149		-2038
8150		-01:26:57,270 ~-~-> 01:27:01,020
8151		-unless it's risk off, risk on Based in
8152		-
8153		-2039
8154		-01:27:01,020 ~-~-> 01:27:04,080
8155		-dollar driven, and you have
8156		-
8157		-2040
8158		-01:27:04,110 ~-~-> 01:27:06,180
8159		-institutional sponsorship between your
8160		-
8161		-2041
8162		-01:27:06,180 ~-~-> 01:27:08,430
8163		-entries and your exits, it's not going
8164		-
8165		-2042
8166		-01:27:08,430 ~-~-> 01:27:10,320
8167		-to pan out it. The banks don't care
8168		-
8169		-2043
8170		-01:27:10,320 ~-~-> 01:27:11,970
8171		-about your chart patterns. In fact,
8172		-
8173		-2044
8174		-01:27:12,000 ~-~-> 01:27:13,560
8175		-market makers love chart patterns
8176		-
8177		-2045
8178		-01:27:13,560 ~-~-> 01:27:16,740
8179		-because it gives them reasons to see see
8180		-
8181		-2046
8182		-01:27:16,740 ~-~-> 01:27:18,480
8183		-more liquidity coming the marketplace.
8184		-
8185		-2047
8186		-01:27:18,720 ~-~-> 01:27:21,390
8187		-Okay. And what does that mean? Well, if
8188		-
8189		-2048
8190		-01:27:21,390 ~-~-> 01:27:23,400
8191		-you were a buyer down here is you're
8192		-
8193		-2049
8194		-01:27:23,400 ~-~-> 01:27:25,320
8195		-looking at chart patterns you're buying
8196		-
8197		-2050
8198		-01:27:25,320 ~-~-> 01:27:27,000
8199		-here. So we're going to have to protect
8200		-
8201		-2051
8202		-01:27:27,000 ~-~-> 01:27:31,200
8203		-your your position, a sell stop. Right
8204		-
8205		-2052
8206		-01:27:31,620 ~-~-> 01:27:35,400
8207		-here. So you're buying, there's going to
8208		-
8209		-2053
8210		-01:27:35,400 ~-~-> 01:27:38,730
8211		-be stops on here. If you if a trader can
8212		-
8213		-2054
8214		-01:27:38,730 ~-~-> 01:27:41,640
8215		-take you out, okay, and that position,
8216		-
8217		-2055
8218		-01:27:41,820 ~-~-> 01:27:45,030
8219		-they assume that that difference in
8220		-
8221		-2056
8222		-01:27:45,030 ~-~-> 01:27:49,890
8223		-terms of price. You as a developing
8224		-
8225		-2057
8226		-01:27:49,890 ~-~-> 01:27:53,190
8227		-smart trader, you want to say, I don't
8228		-
8229		-2058
8230		-01:27:53,190 ~-~-> 01:27:55,590
8231		-want to trade like this. In fact, I want
8232		-
8233		-2059
8234		-01:27:55,590 ~-~-> 01:27:58,470
8235		-to see where the stops on the other side
8236		-
8237		-2060
8238		-01:27:58,470 ~-~-> 01:28:00,420
8239		-of the marketplace are going to be And
8240		-
8241		-2061
8242		-01:28:00,420 ~-~-> 01:28:02,820
8243		-what does that look like? Well, if the
8244		-
8245		-2062
8246		-01:28:02,820 ~-~-> 01:28:05,250
8247		-market expects based on this bullish
8248		-
8249		-2063
8250		-01:28:05,250 ~-~-> 01:28:08,340
8251		-pattern, if it should be rallying, okay,
8252		-
8253		-2064
8254		-01:28:08,850 ~-~-> 01:28:09,720
8255		-they're going to be looking for
8256		-
8257		-2065
8258		-01:28:09,720 ~-~-> 01:28:12,780
8259		-continuation higher breakout artists are
8260		-
8261		-2066
8262		-01:28:12,780 ~-~-> 01:28:14,340
8263		-going to use these little areas like
8264		-
8265		-2067
8266		-01:28:14,340 ~-~-> 01:28:15,930
8267		-here, okay? And they're going to have
8268		-
8269		-2068
8270		-01:28:16,620 ~-~-> 01:28:19,110
8271		-stop orders to buy on stop, okay? Or
8272		-
8273		-2069
8274		-01:28:19,110 ~-~-> 01:28:20,310
8275		-they're gonna be looking to wait for
8276		-
8277		-2070
8278		-01:28:20,310 ~-~-> 01:28:22,470
8279		-price to break out like it does here,
8280		-
8281		-2071
8282		-01:28:22,560 ~-~-> 01:28:24,540
8283		-and then there'll be a buyer. Well, you
8284		-
8285		-2072
8286		-01:28:24,540 ~-~-> 01:28:27,270
8287		-as a trader, you view that as the
8288		-
8289		-2073
8290		-01:28:27,270 ~-~-> 01:28:29,190
8291		-liquidity necessary for you to take the
8292		-
8293		-2074
8294		-01:28:29,190 ~-~-> 01:28:31,260
8295		-other side of the trade. So as price
8296		-
8297		-2075
8298		-01:28:31,260 ~-~-> 01:28:32,970
8299		-breaks above this high here and gives
8300		-
8301		-2076
8302		-01:28:32,970 ~-~-> 01:28:34,950
8303		-you a turtle soup pattern, or false
8304		-
8305		-2077
8306		-01:28:34,950 ~-~-> 01:28:37,050
8307		-breakout, that's where you want to sell.
8308		-
8309		-2078
8310		-01:28:37,080 ~-~-> 01:28:38,910
8311		-You do not want to view that as buying
8312		-
8313		-2079
8314		-01:28:38,910 ~-~-> 01:28:41,010
8315		-strength. Users view that as a suspect
8316		-
8317		-2080
8318		-01:28:41,010 ~-~-> 01:28:44,880
8319		-rally, sell it. Boom. It falls out of
8320		-
8321		-2081
8322		-01:28:44,880 ~-~-> 01:28:49,260
8323		-bed. Okay. Now, the time of day for
8324		-
8325		-2082
8326		-01:28:49,260 ~-~-> 01:28:54,420
8327		-this. Let's look at that. And this is on
8328		-
8329		-2083
8330		-01:28:55,290 ~-~-> 01:29:00,840
8331		-August 5. This is yesterday. Still The
8332		-
8333		-2084
8334		-01:29:03,060 ~-~-> 01:29:11,340
8335		-kill zones and zoom in. So August 5
8336		-
8337		-2085
8338		-01:29:13,140 ~-~-> 01:29:16,350
8339		-right in here so we have to beginning of
8340		-
8341		-2086
8342		-01:29:16,350 ~-~-> 01:29:17,040
8343		-London
8344		-
8345		-2087
8346		-01:29:23,100 ~-~-> 01:29:26,910
8347		-right here and it just your kills is a
8348		-
8349		-2088
8350		-01:29:26,910 ~-~-> 01:29:29,400
8351		-little just a little late here, which is
8352		-
8353		-2089
8354		-01:29:29,400 ~-~-> 01:29:33,210
8355		-reason why we like to use the buffer. I
8356		-
8357		-2090
8358		-01:29:33,210 ~-~-> 01:29:34,710
8359		-know that sounds like I'm always trying
8360		-
8361		-2091
8362		-01:29:34,710 ~-~-> 01:29:37,320
8363		-to you know, form fit these these
8364		-
8365		-2092
8366		-01:29:37,350 ~-~-> 01:29:41,970
8367		-results but 60 empty, okay is one in the
8368		-
8369		-2093
8370		-01:29:41,970 ~-~-> 01:29:45,660
8371		-moves can occur as early as one or 60
8372		-
8373		-2094
8374		-01:29:45,660 ~-~-> 01:29:48,900
8375		-empty. Having that mind again and these
8376		-
8377		-2095
8378		-01:29:48,900 ~-~-> 01:29:51,540
8379		-are all in your notes. Okay, that's the
8380		-
8381		-2096
8382		-01:29:51,540 ~-~-> 01:29:53,760
8383		-high right there at 60 empty or one in
8384		-
8385		-2097
8386		-01:29:53,790 ~-~-> 01:29:57,420
8387		-New York time. The false breakout trade
8388		-
8389		-2098
8390		-01:29:57,420 ~-~-> 01:29:59,430
8391		-lower which is the reason why I tell you
8392		-
8393		-2099
8394		-01:29:59,430 ~-~-> 01:30:03,150
8395		-guys always I'm usually up between 1215
8396		-
8397		-2100
8398		-01:30:03,180 ~-~-> 01:30:05,310
8399		-and 1am. My time and I'm looking for
8400		-
8401		-2101
8402		-01:30:05,310 ~-~-> 01:30:08,580
8403		-London setups based on what I see, you
8404		-
8405		-2102
8406		-01:30:08,580 ~-~-> 01:30:11,370
8407		-know, on the charts around that time. If
8408		-
8409		-2103
8410		-01:30:11,370 ~-~-> 01:30:14,220
8411		-you looked at what we discussed in
8412		-
8413		-2104
8414		-01:30:14,220 ~-~-> 01:30:16,110
8415		-relationship to midnight, here's five
8416		-
8417		-2105
8418		-01:30:16,110 ~-~-> 01:30:18,870
8419		-GMT, this little move here, that's all
8420		-
8421		-2106
8422		-01:30:18,870 ~-~-> 01:30:20,910
8423		-it's necessary. Okay, so I get question
8424		-
8425		-2107
8426		-01:30:20,910 ~-~-> 01:30:22,230
8427		-all the time. Okay, well how much of a
8428		-
8429		-2108
8430		-01:30:22,230 ~-~-> 01:30:24,510
8431		-Judas swing do you need? Well, it
8432		-
8433		-2109
8434		-01:30:24,510 ~-~-> 01:30:26,220
8435		-depends on what you have on your chart.
8436		-
8437		-2110
8438		-01:30:26,670 ~-~-> 01:30:29,400
8439		-And I'm not trying to blow off your your
8440		-
8441		-2111
8442		-01:30:29,400 ~-~-> 01:30:31,470
8443		-question it really is that just that
8444		-
8445		-2112
8446		-01:30:31,470 ~-~-> 01:30:33,150
8447		-simple. There's a lot of other framework
8448		-
8449		-2113
8450		-01:30:33,150 ~-~-> 01:30:34,530
8451		-you have to take into consideration like
8452		-
8453		-2114
8454		-01:30:34,530 ~-~-> 01:30:36,540
8455		-we have over here, this look too good
8456		-
8457		-2115
8458		-01:30:36,540 ~-~-> 01:30:39,180
8459		-like a bull flag. And a lot of
8460		-
8461		-2116
8462		-01:30:39,180 ~-~-> 01:30:40,560
8463		-participants are going to be looking to
8464		-
8465		-2117
8466		-01:30:40,620 ~-~-> 01:30:42,600
8467		-you know, try to be expecting this thing
8468		-
8469		-2118
8470		-01:30:42,600 ~-~-> 01:30:45,150
8471		-go higher. Also, you got these guys that
8472		-
8473		-2119
8474		-01:30:45,150 ~-~-> 01:30:48,180
8475		-broke out on on the downside. price went
8476		-
8477		-2120
8478		-01:30:48,240 ~-~-> 01:30:50,670
8479		-lower, okay, their own their own cell
8480		-
8481		-2121
8482		-01:30:50,670 ~-~-> 01:30:51,930
8483		-size and now how they're gonna protect
8484		-
8485		-2122
8486		-01:30:51,930 ~-~-> 01:30:53,910
8487		-their position. Okay, they're going to
8488		-
8489		-2123
8490		-01:30:53,910 ~-~-> 01:30:55,980
8491		-be putting a stop loss more is the stock
8492		-
8493		-2124
8494		-01:30:55,980 ~-~-> 01:30:57,240
8495		-going to be right above the previous
8496		-
8497		-2125
8498		-01:30:57,240 ~-~-> 01:31:01,410
8499		-little high right in here? Well, When
8500		-
8501		-2126
8502		-01:31:01,410 ~-~-> 01:31:02,970
8503		-you look at price like this, you're
8504		-
8505		-2127
8506		-01:31:02,970 ~-~-> 01:31:05,280
8507		-thinking exactly how the market makers
8508		-
8509		-2128
8510		-01:31:05,280 ~-~-> 01:31:07,620
8511		-think you're not looking at a retail
8512		-
8513		-2129
8514		-01:31:07,950 ~-~-> 01:31:09,450
8515		-perspective, you're looking at how the
8516		-
8517		-2130
8518		-01:31:09,450 ~-~-> 01:31:12,960
8519		-market is traded in the eyes of a of a
8520		-
8521		-2131
8522		-01:31:12,960 ~-~-> 01:31:15,840
8523		-dealer or a market maker. Your stocks
8524		-
8525		-2132
8526		-01:31:15,840 ~-~-> 01:31:17,010
8527		-gonna be right above here, if you're a
8528		-
8529		-2133
8530		-01:31:17,010 ~-~-> 01:31:19,710
8531		-seller. They come right back and take
8532		-
8533		-2134
8534		-01:31:19,710 ~-~-> 01:31:23,190
8535		-these guys out. Okay? So they neutralize
8536		-
8537		-2135
8538		-01:31:23,220 ~-~-> 01:31:25,020
8539		-any hopes of the bulls that use these
8540		-
8541		-2136
8542		-01:31:25,020 ~-~-> 01:31:27,900
8543		-bull flag patterns. They neutralize the
8544		-
8545		-2137
8546		-01:31:28,020 ~-~-> 01:31:29,880
8547		-participants that have been net short,
8548		-
8549		-2138
8550		-01:31:29,880 ~-~-> 01:31:32,640
8551		-that would be profiting over here. But
8552		-
8553		-2139
8554		-01:31:32,640 ~-~-> 01:31:33,870
8555		-they don't want those individuals being
8556		-
8557		-2140
8558		-01:31:33,870 ~-~-> 01:31:36,600
8559		-profitable. They take the stops out over
8560		-
8561		-2141
8562		-01:31:36,600 ~-~-> 01:31:37,980
8563		-here, because there's tablets gonna be
8564		-
8565		-2142
8566		-01:31:37,980 ~-~-> 01:31:40,770
8567		-above here. Boom, right above it right
8568		-
8569		-2143
8570		-01:31:40,770 ~-~-> 01:31:43,080
8571		-above the Asian range high. This whole
8572		-
8573		-2144
8574		-01:31:43,080 ~-~-> 01:31:45,210
8575		-little box here is Asian range. So if
8576		-
8577		-2145
8578		-01:31:45,210 ~-~-> 01:31:48,000
8579		-you understand that, you'll know that
8580		-
8581		-2146
8582		-01:31:51,000 ~-~-> 01:31:53,490
8583		-did me make sure I'm telling you it's
8584		-
8585		-2147
8586		-01:31:53,520 ~-~-> 01:31:55,170
8587		-true. I don't want you to, I don't want
8588		-
8589		-2148
8590		-01:31:55,170 ~-~-> 01:31:56,460
8591		-you to think as Asian range and it may
8592		-
8593		-2149
8594		-01:31:56,460 ~-~-> 01:32:00,750
8595		-be C. Central my dealing range Yeah,
8596		-
8597		-2150
8598		-01:32:00,750 ~-~-> 01:32:02,820
8599		-it's Asian range, okay CR GMT. This is
8600		-
8601		-2151
8602		-01:32:02,820 ~-~-> 01:32:05,430
8603		-Asian range, price talks about the Asian
8604		-
8605		-2152
8606		-01:32:05,430 ~-~-> 01:32:08,220
8607		-range high and an old intraday high and
8608		-
8609		-2153
8610		-01:32:08,310 ~-~-> 01:32:11,640
8611		-rejects quickly trades lower. So that's
8612		-
8613		-2154
8614		-01:32:11,670 ~-~-> 01:32:13,680
8615		-uh, you know, that's the pattern. It's
8616		-
8617		-2155
8618		-01:32:13,800 ~-~-> 01:32:15,450
8619		-there. It's you have your turtle soup
8620		-
8621		-2156
8622		-01:32:15,450 ~-~-> 01:32:16,320
8623		-and you also have your
8624		-
8625		-2157
8626		-01:32:22,859 ~-~-> 01:32:26,219
8627		-ot right here right to the PIP. Okay? So
8628		-
8629		-2158
8630		-01:32:27,719 ~-~-> 01:32:30,779
8631		-that's a, that's what it looks like
8632		-
8633		-2159
8634		-01:32:31,199 ~-~-> 01:32:35,279
8635		-going over both pairs and using the same
8636		-
8637		-2160
8638		-01:32:35,279 ~-~-> 01:32:39,449
8639		-context that we use for let's get this
8640		-
8641		-2161
8642		-01:32:39,449 ~-~-> 01:32:40,199
8643		-stuff off.
8644		-
8645		-2162
8646		-01:32:54,390 ~-~-> 01:32:59,040
8647		-We have price trading. Here, we went
8648		-
8649		-2163
8650		-01:32:59,220 ~-~-> 01:33:01,920
8651		-short here. So what do we use, we use
8652		-
8653		-2164
8654		-01:33:02,040 ~-~-> 01:33:08,010
8655		-the swings. Okay, we have a couple
8656		-
8657		-2165
8658		-01:33:08,010 ~-~-> 01:33:09,150
8659		-different reference points we can use,
8660		-
8661		-2166
8662		-01:33:09,150 ~-~-> 01:33:10,710
8663		-we can use the smaller one here up to
8664		-
8665		-2167
8666		-01:33:10,710 ~-~-> 01:33:14,580
8667		-the high. Okay, so you could be looking
8668		-
8669		-2168
8670		-01:33:14,580 ~-~-> 01:33:15,690
8671		-to take profit down here on the 200
8672		-
8673		-2169
8674		-01:33:15,690 ~-~-> 01:33:17,550
8675		-extension, but there's nothing down here
8676		-
8677		-2170
8678		-01:33:17,550 ~-~-> 01:33:19,320
8679		-lining out that. So if we're looking for
8680		-
8681		-2171
8682		-01:33:19,320 ~-~-> 01:33:21,630
8683		-lower prices, you would be expecting
8684		-
8685		-2172
8686		-01:33:21,630 ~-~-> 01:33:23,760
8687		-this load to be taken out, because
8688		-
8689		-2173
8690		-01:33:23,760 ~-~-> 01:33:25,410
8691		-stocks will be residing on there as
8692		-
8693		-2174
8694		-01:33:25,410 ~-~-> 01:33:27,840
8695		-well. So dealers will be more interested
8696		-
8697		-2175
8698		-01:33:27,840 ~-~-> 01:33:29,070
8699		-in trying to get price to go underneath
8700		-
8701		-2176
8702		-01:33:29,070 ~-~-> 01:33:31,590
8703		-that low. And should it go that point,
8704		-
8705		-2177
8706		-01:33:31,890 ~-~-> 01:33:33,330
8707		-we'll be looking to take profits at
8708		-
8709		-2178
8710		-01:33:33,960 ~-~-> 01:33:37,320
8711		-127 162 or 200. Extension. You can see
8712		-
8713		-2179
8714		-01:33:37,320 ~-~-> 01:33:39,240
8715		-price comes down to 127. Look at a nice
8716		-
8717		-2180
8718		-01:33:39,240 ~-~-> 01:33:41,250
8719		-bounce that happens right there. And
8720		-
8721		-2181
8722		-01:33:41,310 ~-~-> 01:33:42,810
8723		-later on gives you the buy scenario
8724		-
8725		-2182
8726		-01:33:42,810 ~-~-> 01:33:43,860
8727		-here, which we're not going to teach
8728		-
8729		-2183
8730		-01:33:43,860 ~-~-> 01:33:46,410
8731		-that here but it does violate this a
8732		-
8733		-2184
8734		-01:33:46,410 ~-~-> 01:33:49,470
8735		-little bit within rallies up. If you
8736		-
8737		-2185
8738		-01:33:49,470 ~-~-> 01:33:51,300
8739		-don't use this low here. You can use
8740		-
8741		-2186
8742		-01:33:51,300 ~-~-> 01:33:56,010
8743		-this low here and write this in your
8744		-
8745		-2187
8746		-01:33:56,010 ~-~-> 01:33:58,050
8747		-notes. There's no wrong way to take
8748		-
8749		-2188
8750		-01:33:58,050 ~-~-> 01:34:01,860
8751		-profits. I'll say it again. There's no
8752		-
8753		-2189
8754		-01:34:02,040 ~-~-> 01:34:06,060
8755		-incorrect way of taking profits. If you
8756		-
8757		-2190
8758		-01:34:06,060 ~-~-> 01:34:08,310
8759		-make a profit, you are better than you
8760		-
8761		-2191
8762		-01:34:08,310 ~-~-> 01:34:11,040
8763		-were before you took the trade. Period.
8764		-
8765		-2192
8766		-01:34:11,550 ~-~-> 01:34:13,050
8767		-That's all you need to know. That's
8768		-
8769		-2193
8770		-01:34:13,050 ~-~-> 01:34:14,880
8771		-That's it. That's, that's, that's all
8772		-
8773		-2194
8774		-01:34:14,880 ~-~-> 01:34:19,200
8775		-there is. Okay. So now, if you use the
8776		-
8777		-2195
8778		-01:34:19,200 ~-~-> 01:34:26,250
8779		-primary move here, okay, you can use the
8780		-
8781		-2196
8782		-01:34:26,250 ~-~-> 01:34:28,350
8783		-200 extension here, nails to the PIP.
8784		-
8785		-2197
8786		-01:34:29,430 ~-~-> 01:34:32,400
8787		-One 162, extension and 127. They're all
8788		-
8789		-2198
8790		-01:34:32,400 ~-~-> 01:34:35,100
8791		-respectable levels. Okay, using the
8792		-
8793		-2199
8794		-01:34:35,100 ~-~-> 01:34:37,650
8795		-entry point, that's a, that's what I
8796		-
8797		-2200
8798		-01:34:37,650 ~-~-> 01:34:39,540
8799		-like to use that if you're looking at
8800		-
8801		-2201
8802		-01:34:39,540 ~-~-> 01:34:41,790
8803		-just pure market structure swings and
8804		-
8805		-2202
8806		-01:34:41,790 ~-~-> 01:34:44,340
8807		-nothing else, you can use these classic
8808		-
8809		-2203
8810		-01:34:44,340 ~-~-> 01:34:47,250
8811		-reference points. This low to high, you
8812		-
8813		-2204
8814		-01:34:47,250 ~-~-> 01:34:51,480
8815		-get to 127 and 162. Okay, so I'm adding
8816		-
8817		-2205
8818		-01:34:51,480 ~-~-> 01:34:53,010
8819		-both of them. I know some of you guys
8820		-
8821		-2206
8822		-01:34:53,010 ~-~-> 01:34:54,030
8823		-are looking at this. Oh, that's not how
8824		-
8825		-2207
8826		-01:34:54,030 ~-~-> 01:34:55,920
8827		-you know, you're right. That's not how
8828		-
8829		-2208
8830		-01:34:55,920 ~-~-> 01:34:58,260
8831		-they do it. This is how I do it. This is
8832		-
8833		-2209
8834		-01:34:58,260 ~-~-> 01:34:59,700
8835		-how everyone else does it. They use a
8836		-
8837		-2210
8838		-01:34:59,730 ~-~-> 01:35:01,590
8839		-lot. to high in any final levels, that's
8840		-
8841		-2211
8842		-01:35:01,590 ~-~-> 01:35:04,050
8843		-fine. Okay, but there's gonna be a lot
8844		-
8845		-2212
8846		-01:35:04,050 ~-~-> 01:35:06,060
8847		-of other targets that dude classical
8848		-
8849		-2213
8850		-01:35:06,060 ~-~-> 01:35:08,010
8851		-application of fibs will never line up
8852		-
8853		-2214
8854		-01:35:08,010 ~-~-> 01:35:09,120
8855		-with but you'll see me doing it in
8856		-
8857		-2215
8858		-01:35:09,120 ~-~-> 01:35:12,630
8859		-videos and mine will be surgical in
8860		-
8861		-2216
8862		-01:35:12,630 ~-~-> 01:35:14,430
8863		-precision and the other ones sometimes
8864		-
8865		-2217
8866		-01:35:14,430 ~-~-> 01:35:16,770
8867		-don't get met. And you have this low to
8868		-
8869		-2218
8870		-01:35:16,770 ~-~-> 01:35:19,320
8871		-high as well. And you have to 127 Okay,
8872		-
8873		-2219
8874		-01:35:19,320 ~-~-> 01:35:22,230
8875		-so you look for a confluence of a lot of
8876		-
8877		-2220
8878		-01:35:22,290 ~-~-> 01:35:25,620
8879		-levels lining up and old support
8880		-
8881		-2221
8882		-01:35:25,620 ~-~-> 01:35:27,240
8883		-resistance levels then you'll you'll see
8884		-
8885		-2222
8886		-01:35:27,240 ~-~-> 01:35:31,050
8887		-a lot more reasons to recover at those
8888		-
8889		-2223
8890		-01:35:31,050 ~-~-> 01:35:32,700
8891		-levels not to simply Hey, you know, I
8892		-
8893		-2224
8894		-01:35:32,700 ~-~-> 01:35:34,440
8895		-made 20 pips let me get out. If you do
8896		-
8897		-2225
8898		-01:35:34,440 ~-~-> 01:35:36,090
8899		-that and you're learning trader, you're
8900		-
8901		-2226
8902		-01:35:36,090 ~-~-> 01:35:37,470
8903		-going to leave a lot of money on the
8904		-
8905		-2227
8906		-01:35:37,470 ~-~-> 01:35:39,120
8907		-table, and there's really no reason for
8908		-
8909		-2228
8910		-01:35:39,120 ~-~-> 01:35:40,920
8911		-that. One of the late greatest lessons I
8912		-
8913		-2229
8914		-01:35:40,920 ~-~-> 01:35:43,650
8915		-learned from Larry Williams was the best
8916		-
8917		-2230
8918		-01:35:43,650 ~-~-> 01:35:46,710
8919		-way to make money is hold to close. And
8920		-
8921		-2231
8922		-01:35:46,710 ~-~-> 01:35:49,890
8923		-I did that as s&p trader and a bond
8924		-
8925		-2232
8926		-01:35:49,890 ~-~-> 01:35:51,060
8927		-trader once day trading the futures
8928		-
8929		-2233
8930		-01:35:51,060 ~-~-> 01:35:53,250
8931		-market. And it's absolutely true. I
8932		-
8933		-2234
8934		-01:35:53,250 ~-~-> 01:35:54,630
8935		-mean, you leave a lot of money on the
8936		-
8937		-2235
8938		-01:35:54,630 ~-~-> 01:35:55,980
8939		-table if you're just scalping and taking
8940		-
8941		-2236
8942		-01:35:55,980 ~-~-> 01:35:57,240
8943		-couple pips and saying, okay, I want to
8944		-
8945		-2237
8946		-01:35:57,240 ~-~-> 01:36:04,530
8947		-make my living on So, let's scroll
8948		-
8949		-2238
8950		-01:36:04,530 ~-~-> 01:36:05,790
8951		-forward a little bit here. This is where
8952		-
8953		-2239
8954		-01:36:05,790 ~-~-> 01:36:08,970
8955		-we're at intraday today. It's kind of
8956		-
8957		-2240
8958		-01:36:08,970 ~-~-> 01:36:10,470
8959		-ugly if you look at really what's going
8960		-
8961		-2241
8962		-01:36:10,470 ~-~-> 01:36:16,860
8963		-on yesterday as well. The the idea of
8964		-
8965		-2242
8966		-01:36:16,860 ~-~-> 01:36:21,390
8967		-incorporating directional premise when
8968		-
8969		-2243
8970		-01:36:21,390 ~-~-> 01:36:23,790
8971		-we have an area like this, okay, I'm
8972		-
8973		-2244
8974		-01:36:23,790 ~-~-> 01:36:28,230
8975		-going to pull up another US dollar and
8976		-
8977		-2245
8978		-01:36:28,230 ~-~-> 01:36:33,450
8979		-we're going to do the averages on a
8980		-
8981		-2246
8982		-01:36:33,450 ~-~-> 01:36:41,610
8983		-daily chart. Okay, so we have a cross,
8984		-
8985		-2247
8986		-01:36:41,940 ~-~-> 01:36:44,820
8987		-the 18 and 40. And he starts stalking
8988		-
8989		-2248
8990		-01:36:44,850 ~-~-> 01:36:46,260
8991		-right here. This is a really good time.
8992		-
8993		-2249
8994		-01:36:46,260 ~-~-> 01:36:51,090
8995		-So this actually occurs on July 21. So
8996		-
8997		-2250
8998		-01:36:51,090 ~-~-> 01:36:53,220
8999		-we are in a really clear,
9000		-
9001		-2251
9002		-01:36:53,640 ~-~-> 01:36:56,130
9003		-institutionally sponsored bull move on
9004		-
9005		-2252
9006		-01:36:56,130 ~-~-> 01:36:59,340
9007		-the dollar. So that is going to be a
9008		-
9009		-2253
9010		-01:36:59,340 ~-~-> 01:37:01,830
9011		-precursor To looking for cell scenarios
9012		-
9013		-2254
9014		-01:37:01,860 ~-~-> 01:37:03,900
9015		-in firing cable, so remember this date,
9016		-
9017		-2255
9018		-01:37:04,860 ~-~-> 01:37:10,170
9019		-July 21 2014. Now we go over to cable
9020		-
9021		-2256
9022		-01:37:11,280 ~-~-> 01:37:14,640
9023		-and scope here like this one. And we're
9024		-
9025		-2257
9026		-01:37:14,640 ~-~-> 01:37:19,560
9027		-going to apply same thing. Well, that's
9028		-
9029		-2258
9030		-01:37:19,560 ~-~-> 01:37:20,400
9031		-not what I wanted to do.
9032		-
9033		-2259
9034		-01:37:25,620 ~-~-> 01:37:30,750
9035		-Okay, so we have assuming we have a
9036		-
9037		-2260
9038		-01:37:30,750 ~-~-> 01:37:37,410
9039		-delay in the crossover here until What
9040		-
9041		-2261
9042		-01:37:37,410 ~-~-> 01:37:40,050
9043		-day is this? The 21st so we're looking
9044		-
9045		-2262
9046		-01:37:40,050 ~-~-> 01:37:44,850
9047		-at 10 days later. Before we see the the
9048		-
9049		-2263
9050		-01:37:45,270 ~-~-> 01:37:47,400
9051		-same thing occurring in cable in terms
9052		-
9053		-2264
9054		-01:37:47,400 ~-~-> 01:37:49,620
9055		-of using using the moving averages. Now
9056		-
9057		-2265
9058		-01:37:49,650 ~-~-> 01:37:52,200
9059		-that's for looking for swing trades,
9060		-
9061		-2266
9062		-01:37:52,350 ~-~-> 01:37:55,200
9063		-okay. 18 and 40 is used for swing trades
9064		-
9065		-2267
9066		-01:37:55,200 ~-~-> 01:37:57,330
9067		-or short term trades, the way we look
9068		-
9069		-2268
9070		-01:37:57,330 ~-~-> 01:38:00,810
9071		-for day trades for for looking for Short
9072		-
9073		-2269
9074		-01:38:00,810 ~-~-> 01:38:03,780
9075		-term, directional premise driven biased,
9076		-
9077		-2270
9078		-01:38:04,410 ~-~-> 01:38:05,430
9079		-intraday trades.
9080		-
9081		-2271
9082		-01:38:06,810 ~-~-> 01:38:09,990
9083		-We use 918. Okay 918 on a daily chart
9084		-
9085		-2272
9086		-01:38:10,020 ~-~-> 01:38:12,510
9087		-gives us the buy model and sell model.
9088		-
9089		-2273
9090		-01:38:12,840 ~-~-> 01:38:13,920
9091		-When it crossed, everything starts
9092		-
9093		-2274
9094		-01:38:13,920 ~-~-> 01:38:16,260
9095		-stacking, you're in a buy mode, look for
9096		-
9097		-2275
9098		-01:38:16,470 ~-~-> 01:38:18,780
9099		-open down moves in London by the London
9100		-
9101		-2276
9102		-01:38:18,780 ~-~-> 01:38:21,510
9103		-open, wait for a higher close in London
9104		-
9105		-2277
9106		-01:38:21,510 ~-~-> 01:38:24,330
9107		-close timeframe and that's how it works.
9108		-
9109		-2278
9110		-01:38:24,390 ~-~-> 01:38:25,920
9111		-Okay if you're in New York trader you
9112		-
9113		-2279
9114		-01:38:25,920 ~-~-> 01:38:28,830
9115		-look for that environment to occur wake
9116		-
9117		-2280
9118		-01:38:28,830 ~-~-> 01:38:32,400
9119		-up in New York opening and get your
9120		-
9121		-2281
9122		-01:38:32,400 ~-~-> 01:38:33,690
9123		-coffee get your doughnuts or wherever
9124		-
9125		-2282
9126		-01:38:33,690 ~-~-> 01:38:36,090
9127		-you gonna be new stuff in your face not
9128		-
9129		-2283
9130		-01:38:36,390 ~-~-> 01:38:38,640
9131		-advocate eating donuts but whatever you
9132		-
9133		-2284
9134		-01:38:38,640 ~-~-> 01:38:40,650
9135		-do to yourself prepare for trading. What
9136		-
9137		-2285
9138		-01:38:40,650 ~-~-> 01:38:41,640
9139		-you want to look for if you're in New
9140		-
9141		-2286
9142		-01:38:41,640 ~-~-> 01:38:43,440
9143		-York trader is if you're in this
9144		-
9145		-2287
9146		-01:38:43,440 ~-~-> 01:38:46,470
9147		-environment like this, London should
9148		-
9149		-2288
9150		-01:38:46,470 ~-~-> 01:38:47,820
9151		-have made the low of the day and then
9152		-
9153		-2289
9154		-01:38:47,820 ~-~-> 01:38:48,840
9155		-what'll happen is you'll see a minor
9156		-
9157		-2290
9158		-01:38:48,840 ~-~-> 01:38:51,180
9159		-little retracement in New York open and
9160		-
9161		-2291
9162		-01:38:51,180 ~-~-> 01:38:53,790
9163		-then it'll continue on and trading into
9164		-
9165		-2292
9166		-01:38:53,790 ~-~-> 01:38:56,730
9167		-a higher close for when the clothes the
9168		-
9169		-2293
9170		-01:38:56,730 ~-~-> 01:38:59,340
9171		-reverse is said for the moose. Once you
9172		-
9173		-2294
9174		-01:38:59,340 ~-~-> 01:39:01,410
9175		-have the average score Lower here. Now
9176		-
9177		-2295
9178		-01:39:01,980 ~-~-> 01:39:03,900
9179		-we have the averages crossing here and
9180		-
9181		-2296
9182		-01:39:03,900 ~-~-> 01:39:06,960
9183		-this day is July 23. Now we're very
9184		-
9185		-2297
9186		-01:39:06,960 ~-~-> 01:39:11,610
9187		-close now to seeing that 21st in July
9188		-
9189		-2298
9190		-01:39:11,760 ~-~-> 01:39:14,250
9191		-when we saw the bullish move underway in
9192		-
9193		-2299
9194		-01:39:14,250 ~-~-> 01:39:16,560
9195		-$1 See that? Okay right in here I'm just
9196		-
9197		-2300
9198		-01:39:16,560 ~-~-> 01:39:18,120
9199		-using this little retracement here as a
9200		-
9201		-2301
9202		-01:39:18,120 ~-~-> 01:39:19,680
9203		-reference point because I don't want to
9204		-
9205		-2302
9206		-01:39:19,680 ~-~-> 01:39:21,090
9207		-chase price I'm gonna see some sort of a
9208		-
9209		-2303
9210		-01:39:21,090 ~-~-> 01:39:25,350
9211		-retracement that happening in here Okay,
9212		-
9213		-2304
9214		-01:39:25,350 ~-~-> 01:39:30,630
9215		-we see price on the 23rd in here. So we
9216		-
9217		-2305
9218		-01:39:30,630 ~-~-> 01:39:32,010
9219		-have a little bit of a retracement here
9220		-
9221		-2306
9222		-01:39:32,010 ~-~-> 01:39:35,100
9223		-and then crossing so when this day here
9224		-
9225		-2307
9226		-01:39:35,100 ~-~-> 01:39:38,160
9227		-begins to sell program for looking for
9228		-
9229		-2308
9230		-01:39:38,190 ~-~-> 01:39:40,560
9231		-down moves in the British Pound USD or
9232		-
9233		-2309
9234		-01:39:40,560 ~-~-> 01:39:44,010
9235		-cable. Now that in mind, okay, we're
9236		-
9237		-2310
9238		-01:39:44,010 ~-~-> 01:39:46,290
9239		-looking at candlesticks, candlesticks
9240		-
9241		-2311
9242		-01:39:46,290 ~-~-> 01:39:48,360
9243		-are great, easy on the eye. But what I
9244		-
9245		-2312
9246		-01:39:48,360 ~-~-> 01:39:51,060
9247		-really want you to pay attention to is
9248		-
9249		-2313
9250		-01:39:51,090 ~-~-> 01:39:53,550
9251		-using the bar chart. So on this
9252		-
9253		-2314
9254		-01:39:53,550 ~-~-> 01:39:55,620
9255		-timeframe now I want you to count the
9256		-
9257		-2315
9258		-01:39:55,620 ~-~-> 01:39:58,410
9259		-level of or not not level but number of
9260		-
9261		-2316
9262		-01:39:58,410 ~-~-> 01:39:59,970
9263		-days where we have open a rally in the
9264		-
9265		-2317
9266		-01:40:00,000 ~-~-> 01:40:02,280
9267		-decline with a lower close. Okay, we
9268		-
9269		-2318
9270		-01:40:02,280 ~-~-> 01:40:04,830
9271		-have it here. This is a Sunday unchanged
9272		-
9273		-2319
9274		-01:40:04,830 ~-~-> 01:40:06,180
9275		-could have been losing day. We'll call
9276		-
9277		-2320
9278		-01:40:06,180 ~-~-> 01:40:08,970
9279		-it a losing day. Open, rally, down,
9280		-
9281		-2321
9282		-01:40:08,970 ~-~-> 01:40:10,860
9283		-close, open, rally down, close, open,
9284		-
9285		-2322
9286		-01:40:10,860 ~-~-> 01:40:12,270
9287		-rally down close, open, rally down
9288		-
9289		-2323
9290		-01:40:12,270 ~-~-> 01:40:14,820
9291		-close. Do you see what you've just done?
9292		-
9293		-2324
9294		-01:40:15,240 ~-~-> 01:40:17,850
9295		-You've put yourself in the driver's seat
9296		-
9297		-2325
9298		-01:40:18,570 ~-~-> 01:40:21,150
9299		-of a move that is completely out of your
9300		-
9301		-2326
9302		-01:40:21,150 ~-~-> 01:40:23,880
9303		-hands, no control whatsoever. You can't
9304		-
9305		-2327
9306		-01:40:23,880 ~-~-> 01:40:25,830
9307		-control price. But guess what you're
9308		-
9309		-2328
9310		-01:40:25,830 ~-~-> 01:40:29,400
9311		-doing. You're riding right behind this
9312		-
9313		-2329
9314		-01:40:29,400 ~-~-> 01:40:32,010
9315		-massive entity that we like to deem
9316		-
9317		-2330
9318		-01:40:32,670 ~-~-> 01:40:34,980
9319		-smart money. No one else out there
9320		-
9321		-2331
9322		-01:40:34,980 ~-~-> 01:40:38,370
9323		-really gets to the core of how to ride
9324		-
9325		-2332
9326		-01:40:38,370 ~-~-> 01:40:39,600
9327		-their coattails. Well, you hear him?
9328		-
9329		-2333
9330		-01:40:39,720 ~-~-> 01:40:41,190
9331		-They say, well, we were trying to ride.
9332		-
9333		-2334
9334		-01:40:41,280 ~-~-> 01:40:42,660
9335		-We're trying to ride the coattails of
9336		-
9337		-2335
9338		-01:40:42,660 ~-~-> 01:40:44,760
9339		-the smart money. Well, ICT tells you
9340		-
9341		-2336
9342		-01:40:44,760 ~-~-> 01:40:46,830
9343		-exactly how to do that. It doesn't
9344		-
9345		-2337
9346		-01:40:46,860 ~-~-> 01:40:49,260
9347		-provide you at every single day trade
9348		-
9349		-2338
9350		-01:40:49,260 ~-~-> 01:40:50,820
9351		-opportunity. If you're focusing on one
9352		-
9353		-2339
9354		-01:40:50,820 ~-~-> 01:40:53,580
9355		-pair. If you have a collaboration of
9356		-
9357		-2340
9358		-01:40:53,880 ~-~-> 01:40:56,820
9359		-pairs, then yeah, you'll probably get a
9360		-
9361		-2341
9362		-01:40:56,820 ~-~-> 01:40:59,010
9363		-trade every single day. Will you make 20
9364		-
9365		-2342
9366		-01:40:59,010 ~-~-> 01:41:00,570
9367		-pips every single day probably Why not?
9368		-
9369		-2343
9370		-01:41:00,870 ~-~-> 01:41:03,840
9371		-Can you make 20 pips average every day?
9372		-
9373		-2344
9374		-01:41:04,020 ~-~-> 01:41:06,780
9375		-If you do trading like this, you break
9376		-
9377		-2345
9378		-01:41:06,780 ~-~-> 01:41:08,220
9379		-it down yeah sure because you'll be
9380		-
9381		-2346
9382		-01:41:08,220 ~-~-> 01:41:11,370
9383		-making 90 pips one day 40 pips another
9384		-
9385		-2347
9386		-01:41:11,580 ~-~-> 01:41:13,740
9387		-250 pips another day and the average out
9388		-
9389		-2348
9390		-01:41:13,740 ~-~-> 01:41:15,690
9391		-over 20 trading days you probably are
9392		-
9393		-2349
9394		-01:41:15,690 ~-~-> 01:41:17,520
9395		-making 20 pips every single day and I do
9396		-
9397		-2350
9398		-01:41:17,520 ~-~-> 01:41:19,080
9399		-that with my tongue in cheek, but that's
9400		-
9401		-2351
9402		-01:41:19,080 ~-~-> 01:41:20,400
9403		-what I'm trying to say Don't think like
9404		-
9405		-2352
9406		-01:41:20,400 ~-~-> 01:41:22,800
9407		-that don't have daily goals, okay, have
9408		-
9409		-2353
9410		-01:41:22,800 ~-~-> 01:41:25,380
9411		-weekly goals. My weekly goal is anywhere
9412		-
9413		-2354
9414		-01:41:25,380 ~-~-> 01:41:28,170
9415		-between 30 and 50 pips it used to be 75
9416		-
9417		-2355
9418		-01:41:28,170 ~-~-> 01:41:30,330
9419		-pips a day, I'm sorry a week when we had
9420		-
9421		-2356
9422		-01:41:30,330 ~-~-> 01:41:32,460
9423		-bigger, larger ranges, but guess what? I
9424		-
9425		-2357
9426		-01:41:32,460 ~-~-> 01:41:35,640
9427		-adapted to the market and I've reduced
9428		-
9429		-2358
9430		-01:41:35,640 ~-~-> 01:41:38,070
9431		-it and I got comfortable now with 30 and
9432		-
9433		-2359
9434		-01:41:38,070 ~-~-> 01:41:41,490
9435		-50 pips, I can make more money than most
9436		-
9437		-2360
9438		-01:41:41,550 ~-~-> 01:41:44,940
9439		-average Americans in the upper echelon,
9440		-
9441		-2361
9442		-01:41:44,970 ~-~-> 01:41:47,820
9443		-okay, as you know, middle class, I can
9444		-
9445		-2362
9446		-01:41:47,820 ~-~-> 01:41:49,920
9447		-do what they earn a year inside of a
9448		-
9449		-2363
9450		-01:41:49,920 ~-~-> 01:41:52,800
9451		-month, and not even do more than 50 pips
9452		-
9453		-2364
9454		-01:41:53,220 ~-~-> 01:41:56,940
9455		-a week. Not a day, a week. So I'm
9456		-
9457		-2365
9458		-01:41:56,940 ~-~-> 01:41:58,440
9459		-comfortable having a whole lot of free
9460		-
9461		-2366
9462		-01:41:58,440 ~-~-> 01:42:01,800
9463		-time doing one trade a week, I don't
9464		-
9465		-2367
9466		-01:42:01,800 ~-~-> 01:42:03,420
9467		-need the money anymore. When you're
9468		-
9469		-2368
9470		-01:42:03,420 ~-~-> 01:42:04,680
9471		-developing and you're and you're trying
9472		-
9473		-2369
9474		-01:42:04,680 ~-~-> 01:42:05,940
9475		-to get to the point where you're, you're
9476		-
9477		-2370
9478		-01:42:06,000 ~-~-> 01:42:08,520
9479		-living on your trading or when you don't
9480		-
9481		-2371
9482		-01:42:08,550 ~-~-> 01:42:09,720
9483		-really need to trade anymore, which is
9484		-
9485		-2372
9486		-01:42:09,720 ~-~-> 01:42:12,750
9487		-really where I'm at now. trading is fun
9488		-
9489		-2373
9490		-01:42:12,750 ~-~-> 01:42:14,880
9491		-for me. But I like to obviously make
9492		-
9493		-2374
9494		-01:42:14,880 ~-~-> 01:42:16,950
9495		-money too. But it's it's an interesting
9496		-
9497		-2375
9498		-01:42:16,980 ~-~-> 01:42:20,280
9499		-way of living. And you all are pursuing
9500		-
9501		-2376
9502		-01:42:20,280 ~-~-> 01:42:22,560
9503		-that, that lifestyle, the understand
9504		-
9505		-2377
9506		-01:42:22,860 ~-~-> 01:42:25,890
9507		-that you are not going to have to do
9508		-
9509		-2378
9510		-01:42:25,890 ~-~-> 01:42:28,560
9511		-that type of trading to do well. And
9512		-
9513		-2379
9514		-01:42:28,560 ~-~-> 01:42:30,390
9515		-it's very important to understand that
9516		-
9517		-2380
9518		-01:42:30,390 ~-~-> 01:42:32,010
9519		-because if you understand that, it
9520		-
9521		-2381
9522		-01:42:32,010 ~-~-> 01:42:34,410
9523		-removes a whole lot of unnecessary
9524		-
9525		-2382
9526		-01:42:34,410 ~-~-> 01:42:36,000
9527		-stress and pressure and I got to get it
9528		-
9529		-2383
9530		-01:42:36,000 ~-~-> 01:42:38,430
9531		-done right now because I'm 49 years old,
9532		-
9533		-2384
9534		-01:42:38,430 ~-~-> 01:42:40,620
9535		-and I gotta get my stuff paid off. If
9536		-
9537		-2385
9538		-01:42:40,620 ~-~-> 01:42:41,820
9539		-you think like that, it's gonna be a
9540		-
9541		-2386
9542		-01:42:41,820 ~-~-> 01:42:45,210
9543		-problem. So don't Okay. So now
9544		-
9545		-2387
9546		-01:42:46,620 ~-~-> 01:42:48,540
9547		-we like to see that phenomenon take
9548		-
9549		-2388
9550		-01:42:48,540 ~-~-> 01:42:51,060
9551		-place. So we know when July 21 we had a
9552		-
9553		-2389
9554		-01:42:51,060 ~-~-> 01:42:54,900
9555		-sell program authorized by a rally up in
9556		-
9557		-2390
9558		-01:42:54,900 ~-~-> 01:42:56,580
9559		-the dollar, similar words the averages
9560		-
9561		-2391
9562		-01:42:56,790 ~-~-> 01:42:58,380
9563		-on the dollar on the daily chart, we're
9564		-
9565		-2392
9566		-01:42:58,380 ~-~-> 01:43:00,690
9567		-opening and pointing up Which was seen
9568		-
9569		-2393
9570		-01:43:00,690 ~-~-> 01:43:02,760
9571		-reverse here two days later on the
9572		-
9573		-2394
9574		-01:43:02,760 ~-~-> 01:43:05,310
9575		-cable. So from here over to present,
9576		-
9577		-2395
9578		-01:43:05,370 ~-~-> 01:43:07,680
9579		-this is what we have mapped out. So we
9580		-
9581		-2396
9582		-01:43:07,680 ~-~-> 01:43:09,360
9583		-when we go down to a lower timeframe,
9584		-
9585		-2397
9586		-01:43:09,720 ~-~-> 01:43:11,970
9587		-we're looking specifically for only
9588		-
9589		-2398
9590		-01:43:11,970 ~-~-> 01:43:14,160
9591		-looking to sell not looking to buy.
9592		-
9593		-2399
9594		-01:43:14,280 ~-~-> 01:43:15,780
9595		-Okay, can you make money buying? Sure
9596		-
9597		-2400
9598		-01:43:15,780 ~-~-> 01:43:17,940
9599		-you can. I don't like that idea and I
9600		-
9601		-2401
9602		-01:43:17,940 ~-~-> 01:43:18,990
9603		-think people that trade against
9604		-
9605		-2402
9606		-01:43:18,990 ~-~-> 01:43:20,580
9607		-institution sponsors are absolutely
9608		-
9609		-2403
9610		-01:43:20,580 ~-~-> 01:43:23,520
9611		-nuts. Okay. Sorry I just that's just the
9612		-
9613		-2404
9614		-01:43:23,520 ~-~-> 01:43:25,410
9615		-way I feel. And the majority of the
9616		-
9617		-2405
9618		-01:43:25,410 ~-~-> 01:43:27,150
9619		-money is being made when you're having
9620		-
9621		-2406
9622		-01:43:27,150 ~-~-> 01:43:29,340
9623		-institutional flows behind you. Not
9624		-
9625		-2407
9626		-01:43:29,460 ~-~-> 01:43:31,050
9627		-trading against it. Okay, I'm not gonna
9628		-
9629		-2408
9630		-01:43:31,050 ~-~-> 01:43:32,880
9631		-arm wrestle ups. I'm just not going to
9632		-
9633		-2409
9634		-01:43:32,880 ~-~-> 01:43:34,890
9635		-do it. So looking at where we're at here
9636		-
9637		-2410
9638		-01:43:35,730 ~-~-> 01:43:38,430
9639		-is the down move self programming in the
9640		-
9641		-2411
9642		-01:43:38,430 ~-~-> 01:43:40,800
9643		-charts. We go down one more level to
9644		-
9645		-2412
9646		-01:43:40,830 ~-~-> 01:43:45,480
9647		-four hour Okay, and we move over to
9648		-
9649		-2413
9650		-01:43:46,470 ~-~-> 01:43:51,360
9651		-present Okay, and when we have the
9652		-
9653		-2414
9654		-01:43:51,360 ~-~-> 01:43:53,940
9655		-averages broken down on that as well,
9656		-
9657		-2415
9658		-01:43:54,450 ~-~-> 01:43:56,850
9659		-because this is our intraday timeframe
9660		-
9661		-2416
9662		-01:43:56,880 ~-~-> 01:43:59,280
9663		-for our okay for ours our intraday
9664		-
9665		-2417
9666		-01:43:59,280 ~-~-> 01:44:00,900
9667		-timeframe. So when averages are going
9668		-
9669		-2418
9670		-01:44:00,900 ~-~-> 01:44:03,840
9671		-lower, we have a green light, go look
9672		-
9673		-2419
9674		-01:44:03,840 ~-~-> 01:44:07,620
9675		-for openings and Judas swings higher in
9676		-
9677		-2420
9678		-01:44:07,620 ~-~-> 01:44:11,640
9679		-London sell into that. Also, if London
9680		-
9681		-2421
9682		-01:44:11,640 ~-~-> 01:44:12,900
9683		-makes that high, we're going to talk
9684		-
9685		-2422
9686		-01:44:12,900 ~-~-> 01:44:14,280
9687		-about New York in a second. But we're
9688		-
9689		-2423
9690		-01:44:14,280 ~-~-> 01:44:15,660
9691		-going to look for the New York session,
9692		-
9693		-2424
9694		-01:44:15,720 ~-~-> 01:44:17,490
9695		-Judas swing and how we incorporate that.
9696		-
9697		-2425
9698		-01:44:17,760 ~-~-> 01:44:20,880
9699		-But right in here, okay, we have a very
9700		-
9701		-2426
9702		-01:44:20,880 ~-~-> 01:44:23,760
9703		-nice indication of we're in sync with
9704		-
9705		-2427
9706		-01:44:23,760 ~-~-> 01:44:26,160
9707		-the marketplace. And who's a marketplace
9708		-
9709		-2428
9710		-01:44:26,190 ~-~-> 01:44:28,200
9711		-smart money. So now what we'll do is
9712		-
9713		-2429
9714		-01:44:28,200 ~-~-> 01:44:33,630
9715		-we'll add our vertical lines delineating
9716		-
9717		-2430
9718		-01:44:35,700 ~-~-> 01:44:37,080
9719		-the period separation and we're going to
9720		-
9721		-2431
9722		-01:44:37,080 ~-~-> 01:44:43,050
9723		-go down to a 15 minute time frame. And
9724		-
9725		-2432
9726		-01:44:43,050 ~-~-> 01:44:46,260
9727		-we're going to zoom out a little bit
9728		-
9729		-2433
9730		-01:44:46,260 ~-~-> 01:44:50,670
9731		-more. Okay, from this point here to
9732		-
9733		-2434
9734		-01:44:50,670 ~-~-> 01:44:52,530
9735		-present, okay, I want you to look at the
9736		-
9737		-2435
9738		-01:44:52,530 ~-~-> 01:44:54,060
9739		-chart, and I want you to do this on your
9740		-
9741		-2436
9742		-01:44:54,060 ~-~-> 01:44:55,590
9743		-own tracks. I'm not going to do every
9744		-
9745		-2437
9746		-01:44:55,590 ~-~-> 01:44:59,880
9747		-single one. But once you get down to sub
9748		-
9749		-2438
9750		-01:45:00,330 ~-~-> 01:45:02,100
9751		-For our you don't need a moving averages
9752		-
9753		-2439
9754		-01:45:02,100 ~-~-> 01:45:03,330
9755		-anymore so you take the moving averages
9756		-
9757		-2440
9758		-01:45:03,330 ~-~-> 01:45:04,800
9759		-off your charts because you don't want
9760		-
9761		-2441
9762		-01:45:04,800 ~-~-> 01:45:06,510
9763		-to be paying any attention to it under
9764		-
9765		-2442
9766		-01:45:06,510 ~-~-> 01:45:08,070
9767		-four hours. They don't mean anything to
9768		-
9769		-2443
9770		-01:45:08,070 ~-~-> 01:45:10,860
9771		-you. If you're a scalper you can use the
9772		-
9773		-2444
9774		-01:45:11,040 ~-~-> 01:45:14,040
9775		-one hour timeframe and trade when it's
9776		-
9777		-2445
9778		-01:45:14,070 ~-~-> 01:45:15,750
9779		-in sync with that as well but I do not
9780		-
9781		-2446
9782		-01:45:15,750 ~-~-> 01:45:17,070
9783		-want scalping and I should have probably
9784		-
9785		-2447
9786		-01:45:17,070 ~-~-> 01:45:18,870
9787		-never told you that but if you are
9788		-
9789		-2448
9790		-01:45:18,870 ~-~-> 01:45:20,430
9791		-looking for scalping then that's how you
9792		-
9793		-2449
9794		-01:45:20,430 ~-~-> 01:45:22,740
9795		-use it with a one hour but anything less
9796		-
9797		-2450
9798		-01:45:22,740 ~-~-> 01:45:24,030
9799		-than four hour I'm not interested in
9800		-
9801		-2451
9802		-01:45:24,030 ~-~-> 01:45:25,650
9803		-with moving averages, okay because I've
9804		-
9805		-2452
9806		-01:45:25,650 ~-~-> 01:45:26,880
9807		-already arrived at a higher timeframe
9808		-
9809		-2453
9810		-01:45:26,880 ~-~-> 01:45:28,290
9811		-institutional sponsors that based on
9812		-
9813		-2454
9814		-01:45:28,590 ~-~-> 01:45:33,330
9815		-daily and four hour now, looking at what
9816		-
9817		-2455
9818		-01:45:33,330 ~-~-> 01:45:35,490
9819		-we have here, okay, what you're looking
9820		-
9821		-2456
9822		-01:45:35,490 ~-~-> 01:45:38,190
9823		-at is every single vertical line
9824		-
9825		-2457
9826		-01:45:38,220 ~-~-> 01:45:40,560
9827		-represents a new trading day at zero GMT
9828		-
9829		-2458
9830		-01:45:41,670 ~-~-> 01:45:44,610
9831		-shortly after, okay, when we add the
9832		-
9833		-2459
9834		-01:45:44,610 ~-~-> 01:45:49,380
9835		-period separator and again, I'll share
9836		-
9837		-2460
9838		-01:45:49,380 ~-~-> 01:45:51,390
9839		-this with you guys. I'm going to put
9840		-
9841		-2461
9842		-01:45:51,420 ~-~-> 01:45:55,680
9843		-five GMT which is midnight my time Okay,
9844		-
9845		-2462
9846		-01:45:55,680 ~-~-> 01:45:57,090
9847		-which is going to be represented by this
9848		-
9849		-2463
9850		-01:45:57,360 ~-~-> 01:45:58,860
9851		-white line, which now I'm going to
9852		-
9853		-2464
9854		-01:45:58,860 ~-~-> 01:46:00,840
9855		-change because I don't like that doesn't
9856		-
9857		-2465
9858		-01:46:00,870 ~-~-> 01:46:02,580
9859		-pop off the charts so you guys can see
9860		-
9861		-2466
9862		-01:46:02,580 ~-~-> 01:46:08,580
9863		-it clearly. Let's go to colors and
9864		-
9865		-2467
9866		-01:46:08,580 ~-~-> 01:46:11,310
9867		-that's not working right here. See what
9868		-
9869		-2468
9870		-01:46:11,310 ~-~-> 01:46:17,580
9871		-I want? See if I can go to jump with the
9872		-
9873		-2469
9874		-01:46:18,150 ~-~-> 01:46:23,670
9875		-Red Mountain No, it's not doing well.
9876		-
9877		-2470
9878		-01:46:23,730 ~-~-> 01:46:25,710
9879		-I'm not sure how to do it I'm probably
9880		-
9881		-2471
9882		-01:46:25,950 ~-~-> 01:46:27,480
9883		-figured out after the video and look
9884		-
9885		-2472
9886		-01:46:27,480 ~-~-> 01:46:29,100
9887		-foolish but oh well it is what it is
9888		-
9889		-2473
9890		-01:46:29,130 ~-~-> 01:46:30,270
9891		-you'll just have to make deal with it.
9892		-
9893		-2474
9894		-01:46:30,630 ~-~-> 01:46:33,390
9895		-The white line in here is midnight
9896		-
9897		-2475
9898		-01:46:33,390 ~-~-> 01:46:36,420
9899		-timeframe. Okay in New York. So what
9900		-
9901		-2476
9902		-01:46:36,420 ~-~-> 01:46:40,470
9903		-you're looking for is a rally after the
9904		-
9905		-2477
9906		-01:46:40,470 ~-~-> 01:46:42,120
9907		-white line, okay, or in other words, a
9908		-
9909		-2478
9910		-01:46:42,120 ~-~-> 01:46:44,730
9911		-rally to the right of that white line
9912		-
9913		-2479
9914		-01:46:44,850 ~-~-> 01:46:47,070
9915		-each day the rally that occurs after
9916		-
9917		-2480
9918		-01:46:47,070 ~-~-> 01:46:52,290
9919		-that white line and up to the ending of
9920		-
9921		-2481
9922		-01:46:52,320 ~-~-> 01:46:55,200
9923		-New York ICT kills in I'm sorry, London
9924		-
9925		-2482
9926		-01:46:55,230 ~-~-> 01:46:58,380
9927		-open kill zone for ICT timeframe between
9928		-
9929		-2483
9930		-01:46:59,010 ~-~-> 01:47:00,630
9931		-two o'clock in the morning. You time at
9932		-
9933		-2484
9934		-01:47:00,630 ~-~-> 01:47:01,950
9935		-four o'clock in the morning New York
9936		-
9937		-2485
9938		-01:47:01,950 ~-~-> 01:47:06,360
9939		-time, okay? or seven GMT, nine GMT. Okay
9940		-
9941		-2486
9942		-01:47:06,360 ~-~-> 01:47:07,980
9943		-and again understand that it can go as
9944		-
9945		-2487
9946		-01:47:07,980 ~-~-> 01:47:11,910
9947		-late as 10 GMT, or as early as six GMT
9948		-
9949		-2488
9950		-01:47:11,940 ~-~-> 01:47:13,230
9951		-or one o'clock in the morning to is
9952		-
9953		-2489
9954		-01:47:13,230 ~-~-> 01:47:14,850
9955		-latest 5am New York time.
9956		-
9957		-2490
9958		-01:47:16,740 ~-~-> 01:47:19,020
9959		-So it'll go through this video a couple
9960		-
9961		-2491
9962		-01:47:19,020 ~-~-> 01:47:20,670
9963		-different times because I know I'm
9964		-
9965		-2492
9966		-01:47:20,670 ~-~-> 01:47:21,900
9967		-probably confusing you going back and
9968		-
9969		-2493
9970		-01:47:21,900 ~-~-> 01:47:23,190
9971		-forth between the two but understand
9972		-
9973		-2494
9974		-01:47:23,190 ~-~-> 01:47:25,380
9975		-it's simply a window of opportunity when
9976		-
9977		-2495
9978		-01:47:25,380 ~-~-> 01:47:27,510
9979		-the higher low is formed for the day. We
9980		-
9981		-2496
9982		-01:47:27,510 ~-~-> 01:47:29,970
9983		-understand that inside this orange box,
9984		-
9985		-2497
9986		-01:47:30,000 ~-~-> 01:47:32,610
9987		-the point of the box is it's keeping
9988		-
9989		-2498
9990		-01:47:32,610 ~-~-> 01:47:34,530
9991		-your perspective and only looking to be
9992		-
9993		-2499
9994		-01:47:34,530 ~-~-> 01:47:37,470
9995		-a seller. You see the power in that you
9996		-
9997		-2500
9998		-01:47:37,470 ~-~-> 01:47:39,840
9999		-do not want to be buying. There's no
10000		-
10001		-2501
10002		-01:47:39,840 ~-~-> 01:47:41,850
10003		-reason to be a buyer. Why would you want
10004		-
10005		-2502
10006		-01:47:41,850 ~-~-> 01:47:45,180
10007		-to do that? You're buying okay in an
10008		-
10009		-2503
10010		-01:47:45,210 ~-~-> 01:47:47,460
10011		-environment where the the large
10012		-
10013		-2504
10014		-01:47:47,550 ~-~-> 01:47:50,160
10015		-institutional sponsorship, okay is
10016		-
10017		-2505
10018		-01:47:50,160 ~-~-> 01:47:53,550
10019		-saying, I am not wanting to be long I
10020		-
10021		-2506
10022		-01:47:53,550 ~-~-> 01:47:56,610
10023		-want to sell. So who has more money?
10024		-
10025		-2507
10026		-01:47:57,900 ~-~-> 01:48:00,330
10027		-Credit Suisse or Michael Hello And
10028		-
10029		-2508
10030		-01:48:01,620 ~-~-> 01:48:03,810
10031		-clearly, I'm not trying to go against
10032		-
10033		-2509
10034		-01:48:03,810 ~-~-> 01:48:06,210
10035		-these guys, okay? And when you're on the
10036		-
10037		-2510
10038		-01:48:06,210 ~-~-> 01:48:09,150
10039		-same side as them, trading works out,
10040		-
10041		-2511
10042		-01:48:09,420 ~-~-> 01:48:11,430
10043		-it's just explained other than that it
10044		-
10045		-2512
10046		-01:48:11,430 ~-~-> 01:48:14,580
10047		-just works out. So looking at every
10048		-
10049		-2513
10050		-01:48:14,580 ~-~-> 01:48:16,560
10051		-single day, okay, what you're going to
10052		-
10053		-2514
10054		-01:48:16,560 ~-~-> 01:48:18,450
10055		-look for is there's going to be a
10056		-
10057		-2515
10058		-01:48:19,170 ~-~-> 01:48:22,170
10059		-retracement or a swing higher. It could
10060		-
10061		-2516
10062		-01:48:22,170 ~-~-> 01:48:24,060
10063		-be an initial swing up for that make the
10064		-
10065		-2517
10066		-01:48:24,060 ~-~-> 01:48:25,560
10067		-high today or it could be inside of the
10068		-
10069		-2518
10070		-01:48:25,560 ~-~-> 01:48:26,910
10071		-range that was already established from
10072		-
10073		-2519
10074		-01:48:26,910 ~-~-> 01:48:29,250
10075		-the opening at zero GMT, which is zero
10076		-
10077		-2520
10078		-01:48:29,250 ~-~-> 01:48:31,260
10079		-GMT openings are the darker vertical
10080		-
10081		-2521
10082		-01:48:31,260 ~-~-> 01:48:33,510
10083		-dashed lines. The white lines are New
10084		-
10085		-2522
10086		-01:48:33,510 ~-~-> 01:48:36,150
10087		-York midnight timeframe. Okay. So now
10088		-
10089		-2523
10090		-01:48:36,150 ~-~-> 01:48:38,100
10091		-let's zoom in and go to the beginning.
10092		-
10093		-2524
10094		-01:48:38,490 ~-~-> 01:48:40,650
10095		-And it said, the candlesticks because
10096		-
10097		-2525
10098		-01:48:40,650 ~-~-> 01:48:44,280
10099		-it's a little bit easier to see. So
10100		-
10101		-2526
10102		-01:48:44,280 ~-~-> 01:48:45,810
10103		-here's your vertical line here, New
10104		-
10105		-2527
10106		-01:48:45,810 ~-~-> 01:48:48,210
10107		-York, midnight. Okay, we don't care
10108		-
10109		-2528
10110		-01:48:48,240 ~-~-> 01:48:49,920
10111		-about the move lower. We don't chase
10112		-
10113		-2529
10114		-01:48:49,920 ~-~-> 01:48:51,960
10115		-that. We do not care about that. We want
10116		-
10117		-2530
10118		-01:48:51,960 ~-~-> 01:48:54,960
10119		-to see the rallies up. Okay. When this
10120		-
10121		-2531
10122		-01:48:54,960 ~-~-> 01:48:57,690
10123		-rallying up, we already have to have in
10124		-
10125		-2532
10126		-01:48:57,690 ~-~-> 01:49:00,000
10127		-mind where the old highs are stopped
10128		-
10129		-2533
10130		-01:49:00,000 ~-~-> 01:49:05,490
10131		-above it. Turtle suit So okay, new day
10132		-
10133		-2534
10134		-01:49:05,490 ~-~-> 01:49:07,200
10135		-here. Now I'm not going to go through
10136		-
10137		-2535
10138		-01:49:07,200 ~-~-> 01:49:09,540
10139		-all the details about how how far it
10140		-
10141		-2536
10142		-01:49:09,540 ~-~-> 01:49:10,920
10143		-went what time it stopped and all that
10144		-
10145		-2537
10146		-01:49:10,920 ~-~-> 01:49:12,600
10147		-business you can do that on your own and
10148		-
10149		-2538
10150		-01:49:12,600 ~-~-> 01:49:13,860
10151		-I'm encouraging you to that's the point
10152		-
10153		-2539
10154		-01:49:13,860 ~-~-> 01:49:16,170
10155		-of me showing you this. Here again, we
10156		-
10157		-2540
10158		-01:49:16,170 ~-~-> 01:49:19,170
10159		-had midnight timeframe. The opening
10160		-
10161		-2541
10162		-01:49:19,170 ~-~-> 01:49:21,360
10163		-price here. Okay, we don't care about
10164		-
10165		-2542
10166		-01:49:21,360 ~-~-> 01:49:23,310
10167		-the move lower. We want to be above the
10168		-
10169		-2543
10170		-01:49:23,310 ~-~-> 01:49:24,960
10171		-opening price much in the same basket
10172		-
10173		-2544
10174		-01:49:24,960 ~-~-> 01:49:26,910
10175		-here. We have the opening price here at
10176		-
10177		-2545
10178		-01:49:27,420 ~-~-> 01:49:28,920
10179		-the vertical line, it's white in here.
10180		-
10181		-2546
10182		-01:49:29,400 ~-~-> 01:49:31,470
10183		-We want to be selling above that price.
10184		-
10185		-2547
10186		-01:49:31,500 ~-~-> 01:49:33,660
10187		-It has to be above that price, or we
10188		-
10189		-2548
10190		-01:49:33,660 ~-~-> 01:49:36,600
10191		-ain't selling. That's the filter. Okay.
10192		-
10193		-2549
10194		-01:49:38,160 ~-~-> 01:49:39,510
10195		-You're selling above the opening price
10196		-
10197		-2550
10198		-01:49:39,510 ~-~-> 01:49:42,450
10199		-here. Here's the rally up. Boom, you
10200		-
10201		-2551
10202		-01:49:42,450 ~-~-> 01:49:47,490
10203		-sell it. Okay. Here is the opening
10204		-
10205		-2552
10206		-01:49:47,490 ~-~-> 01:49:49,950
10207		-price. Very modest little move above it
10208		-
10209		-2553
10210		-01:49:50,160 ~-~-> 01:49:52,470
10211		-doesn't matter. It's all you need. Sell
10212		-
10213		-2554
10214		-01:49:52,470 ~-~-> 01:50:00,210
10215		-it down move. You have optimal Trade
10216		-
10217		-2555
10218		-01:50:00,210 ~-~-> 01:50:01,860
10219		-entry in here you could have traded this
10220		-
10221		-2556
10222		-01:50:01,860 ~-~-> 01:50:03,510
10223		-one here and even taking profits too
10224		-
10225		-2557
10226		-01:50:03,570 ~-~-> 01:50:07,560
10227		-low. It could have done 1520 pips, okay,
10228		-
10229		-2558
10230		-01:50:07,560 ~-~-> 01:50:09,510
10231		-but then it reversed and traded higher,
10232		-
10233		-2559
10234		-01:50:09,840 ~-~-> 01:50:11,880
10235		-came back and could have stopped you if
10236		-
10237		-2560
10238		-01:50:11,880 ~-~-> 01:50:15,330
10239		-you had your stop loss lowered in here.
10240		-
10241		-2561
10242		-01:50:15,420 ~-~-> 01:50:16,620
10243		-So this could have been a day where you
10244		-
10245		-2562
10246		-01:50:16,620 ~-~-> 01:50:17,940
10247		-could have made mine and you could have
10248		-
10249		-2563
10250		-01:50:17,940 ~-~-> 01:50:19,470
10251		-lost it or you could have just simply
10252		-
10253		-2564
10254		-01:50:19,470 ~-~-> 01:50:22,290
10255		-did nothing. It is a Friday, I don't
10256		-
10257		-2565
10258		-01:50:22,290 ~-~-> 01:50:23,850
10259		-want to trade Friday, so that kind of
10260		-
10261		-2566
10262		-01:50:23,850 ~-~-> 01:50:25,560
10263		-falls into category in itself as well.
10264		-
10265		-2567
10266		-01:50:25,560 ~-~-> 01:50:27,510
10267		-So I like to trade predominantly
10268		-
10269		-2568
10270		-01:50:27,540 ~-~-> 01:50:29,700
10271		-Tuesday, Wednesdays and Thursdays. If I
10272		-
10273		-2569
10274		-01:50:29,700 ~-~-> 01:50:32,280
10275		-made money on Tuesdays or Wednesdays I
10276		-
10277		-2570
10278		-01:50:32,280 ~-~-> 01:50:33,660
10279		-don't do any trading rest of the week.
10280		-
10281		-2571
10282		-01:50:36,540 ~-~-> 01:50:40,020
10283		-We have the scenario here. Here's
10284		-
10285		-2572
10286		-01:50:40,110 ~-~-> 01:50:43,050
10287		-midnight and the price rallies up. We
10288		-
10289		-2573
10290		-01:50:43,050 ~-~-> 01:50:45,870
10291		-have old highs back here clean highs so
10292		-
10293		-2574
10294		-01:50:45,870 ~-~-> 01:50:47,850
10295		-above that would be what stops look for
10296		-
10297		-2575
10298		-01:50:47,850 ~-~-> 01:50:49,020
10299		-a price to rally up to that and then
10300		-
10301		-2576
10302		-01:50:49,020 ~-~-> 01:50:52,140
10303		-reject and you see that happening here.
10304		-
10305		-2577
10306		-01:50:52,170 ~-~-> 01:50:53,610
10307		-It tooks a little bit longer into the
10308		-
10309		-2578
10310		-01:50:53,610 ~-~-> 01:50:55,140
10311		-next day but we have an optimal trade
10312		-
10313		-2579
10314		-01:50:55,140 ~-~-> 01:50:57,000
10315		-entry here trades back up to an a
10316		-
10317		-2580
10318		-01:50:57,000 ~-~-> 01:50:59,160
10319		-bearish order block the last bullish
10320		-
10321		-2581
10322		-01:50:59,160 ~-~-> 01:51:01,470
10323		-move up Look at that low, draw that out
10324		-
10325		-2582
10326		-01:51:01,470 ~-~-> 01:51:03,390
10327		-in time, comes right back to that price
10328		-
10329		-2583
10330		-01:51:03,390 ~-~-> 01:51:05,490
10331		-point. Also notice that it's also taking
10332		-
10333		-2584
10334		-01:51:05,640 ~-~-> 01:51:08,550
10335		-an old high here. After midnight, see
10336		-
10337		-2585
10338		-01:51:08,550 ~-~-> 01:51:11,160
10339		-the rally up, it's taken out stop. And
10340		-
10341		-2586
10342		-01:51:11,160 ~-~-> 01:51:13,200
10343		-its ultimate ultimate, excuse me,
10344		-
10345		-2587
10346		-01:51:13,560 ~-~-> 01:51:15,120
10347		-ultimately also fulfilling an optimal
10348		-
10349		-2588
10350		-01:51:15,120 ~-~-> 01:51:16,920
10351		-trade entry. Pull your fear from this
10352		-
10353		-2589
10354		-01:51:16,920 ~-~-> 01:51:18,420
10355		-high down to the low and a new A lot of
10356		-
10357		-2590
10358		-01:51:18,420 ~-~-> 01:51:19,740
10359		-you guys are saying, Well, can you just
10360		-
10361		-2591
10362		-01:51:19,740 ~-~-> 01:51:21,060
10363		-do it? Michael, can you just put the
10364		-
10365		-2592
10366		-01:51:21,060 ~-~-> 01:51:22,950
10367		-fifth one here so I can just see it?
10368		-
10369		-2593
10370		-01:51:25,890 ~-~-> 01:51:27,930
10371		-Right here, optimal trade entry boom.
10372		-
10373		-2594
10374		-01:51:28,110 ~-~-> 01:51:32,370
10375		-Where's the candle here? That is 845 GMT
10376		-
10377		-2595
10378		-01:51:32,880 ~-~-> 01:51:35,220
10379		-surprised as to London open kill zone.
10380		-
10381		-2596
10382		-01:51:35,940 ~-~-> 01:51:37,530
10383		-And then as your move going lower
10384		-
10385		-2597
10386		-01:51:39,899 ~-~-> 01:51:40,949
10387		-how many trades that we've seen so far?
10388		-
10389		-2598
10390		-01:51:40,949 ~-~-> 01:51:43,859
10391		-Guys? You catch them enough pips? Just
10392		-
10393		-2599
10394		-01:51:43,859 ~-~-> 01:51:48,299
10395		-this day alone? Is 10 2030 4050 pips
10396		-
10397		-2600
10398		-01:51:48,329 ~-~-> 01:51:50,369
10399		-easily that one day. That's one that's
10400		-
10401		-2601
10402		-01:51:50,369 ~-~-> 01:51:52,019
10403		-one week. That's it. I'm done. That's
10404		-
10405		-2602
10406		-01:51:52,019 ~-~-> 01:51:53,339
10407		-it. It's the whole week for me. I'm not
10408		-
10409		-2603
10410		-01:51:53,339 ~-~-> 01:51:55,859
10411		-worried about trading anymore. Okay. Now
10412		-
10413		-2604
10414		-01:51:55,859 ~-~-> 01:51:59,519
10415		-here's a optimal trade entry inside of
10416		-
10417		-2605
10418		-01:51:59,519 ~-~-> 01:52:01,199
10419		-the range. It's already happened here.
10420		-
10421		-2606
10422		-01:52:01,199 ~-~-> 01:52:03,959
10423		-Now, why am I using it like this? Why am
10424		-
10425		-2607
10426		-01:52:03,959 ~-~-> 01:52:06,479
10427		-I going to pull it from here to here to
10428		-
10429		-2608
10430		-01:52:06,479 ~-~-> 01:52:07,859
10431		-get optimal trade entry in here? Well,
10432		-
10433		-2609
10434		-01:52:07,859 ~-~-> 01:52:10,379
10435		-because we took an AP, we take out a
10436		-
10437		-2610
10438		-01:52:10,379 ~-~-> 01:52:13,289
10439		-previous day's low. When you see that
10440		-
10441		-2611
10442		-01:52:13,319 ~-~-> 01:52:14,489
10443		-the chances of it coming all the way
10444		-
10445		-2612
10446		-01:52:14,489 ~-~-> 01:52:17,219
10447		-back up here is unlikely. It's unlikely,
10448		-
10449		-2613
10450		-01:52:17,219 ~-~-> 01:52:18,569
10451		-especially when you're in a down move
10452		-
10453		-2614
10454		-01:52:18,569 ~-~-> 01:52:20,189
10455		-when the when it's heavily weighted to
10456		-
10457		-2615
10458		-01:52:20,189 ~-~-> 01:52:23,429
10459		-meet moving lower, longer term. On a
10460		-
10461		-2616
10462		-01:52:23,429 ~-~-> 01:52:24,779
10463		-higher time frame basis, like a daily
10464		-
10465		-2617
10466		-01:52:24,779 ~-~-> 01:52:27,719
10467		-chart, you're really expecting too much
10468		-
10469		-2618
10470		-01:52:27,719 ~-~-> 01:52:30,479
10471		-of the market. Okay. And with that
10472		-
10473		-2619
10474		-01:52:30,479 ~-~-> 01:52:38,369
10475		-understood, here's the midnight high in
10476		-
10477		-2620
10478		-01:52:38,369 ~-~-> 01:52:42,239
10479		-New York. spent on the low, here it is,
10480		-
10481		-2621
10482		-01:52:42,749 ~-~-> 01:52:43,949
10483		-and goes right up to the sweet spot
10484		-
10485		-2622
10486		-01:52:43,949 ~-~-> 01:52:45,959
10487		-right to the PIP. And that's difficult
10488		-
10489		-2623
10490		-01:52:45,959 ~-~-> 01:52:47,459
10491		-to see but do this on your own charts.
10492		-
10493		-2624
10494		-01:52:47,489 ~-~-> 01:52:49,289
10495		-Okay, I'm just giving you the framework.
10496		-
10497		-2625
10498		-01:52:49,649 ~-~-> 01:52:52,019
10499		-But we we had a low previous day went
10500		-
10501		-2626
10502		-01:52:52,019 ~-~-> 01:52:54,059
10503		-down, blew through it thinking right
10504		-
10505		-2627
10506		-01:52:54,059 ~-~-> 01:52:55,679
10507		-back up, trade it back inside this
10508		-
10509		-2628
10510		-01:52:55,679 ~-~-> 01:52:58,529
10511		-consolidation, then down goes notice
10512		-
10513		-2629
10514		-01:52:58,529 ~-~-> 01:52:59,879
10515		-that it also went up to this previous
10516		-
10517		-2630
10518		-01:52:59,879 ~-~-> 01:53:04,019
10519		-one block is the down, no down, it's up
10520		-
10521		-2631
10522		-01:53:04,139 ~-~-> 01:53:06,839
10523		-candle, the up candle prior to the down
10524		-
10525		-2632
10526		-01:53:06,839 ~-~-> 01:53:08,849
10527		-move, if you use this little candle on
10528		-
10529		-2633
10530		-01:53:08,849 ~-~-> 01:53:10,559
10531		-here as well, same thing goes right down
10532		-
10533		-2634
10534		-01:53:10,559 ~-~-> 01:53:14,309
10535		-to that low and trades off. Okay, that's
10536		-
10537		-2635
10538		-01:53:14,309 ~-~-> 01:53:16,319
10539		-how precise you can get. But again,
10540		-
10541		-2636
10542		-01:53:16,529 ~-~-> 01:53:17,549
10543		-because you're doing what you're
10544		-
10545		-2637
10546		-01:53:17,549 ~-~-> 01:53:19,979
10547		-focusing on being a bear, why? Because
10548		-
10549		-2638
10550		-01:53:19,979 ~-~-> 01:53:21,899
10551		-institutional sponsorship suggests that
10552		-
10553		-2639
10554		-01:53:22,259 ~-~-> 01:53:24,569
10555		-they're long the dollar, which means
10556		-
10557		-2640
10558		-01:53:24,569 ~-~-> 01:53:26,339
10559		-it's gonna be downward pressure on the
10560		-
10561		-2641
10562		-01:53:26,339 ~-~-> 01:53:27,659
10563		-cable, and we have institutional
10564		-
10565		-2642
10566		-01:53:27,659 ~-~-> 01:53:28,829
10567		-sponsorship because averages are
10568		-
10569		-2643
10570		-01:53:29,339 ~-~-> 01:53:30,689
10571		-pointing lower on cable and they're
10572		-
10573		-2644
10574		-01:53:30,689 ~-~-> 01:53:33,389
10575		-opening up wide. So we don't want to
10576		-
10577		-2645
10578		-01:53:33,419 ~-~-> 01:53:35,519
10579		-buck that trend. We want to stay with
10580		-
10581		-2646
10582		-01:53:35,519 ~-~-> 01:53:37,919
10583		-that trend. We don't care about picking
10584		-
10585		-2647
10586		-01:53:37,919 ~-~-> 01:53:39,329
10587		-the bottoms we don't care about that.
10588		-
10589		-2648
10590		-01:53:39,359 ~-~-> 01:53:41,159
10591		-Nobody wants to nobody wants to pick the
10592		-
10593		-2649
10594		-01:53:41,159 ~-~-> 01:53:43,979
10595		-bottom in ICT camp when we're in a bear
10596		-
10597		-2650
10598		-01:53:43,979 ~-~-> 01:53:45,839
10599		-market. Okay, we don't care about that.
10600		-
10601		-2651
10602		-01:53:46,019 ~-~-> 01:53:47,459
10603		-We're gonna make all kinds of money and
10604		-
10605		-2652
10606		-01:53:47,459 ~-~-> 01:53:49,349
10607		-pips just going with institutional
10608		-
10609		-2653
10610		-01:53:49,349 ~-~-> 01:53:51,359
10611		-sponsorship. Okay, just take all that
10612		-
10613		-2654
10614		-01:53:51,359 ~-~-> 01:53:54,389
10615		-want to be right out of it. Okay. All
10616		-
10617		-2655
10618		-01:53:54,389 ~-~-> 01:53:56,039
10619		-right. So we have another little rally
10620		-
10621		-2656
10622		-01:53:56,039 ~-~-> 01:53:58,109
10623		-in here. Okay, after after midnight
10624		-
10625		-2657
10626		-01:53:58,109 ~-~-> 01:53:59,249
10627		-timeframe. Now you're saying Oh, wait a
10628		-
10629		-2658
10630		-01:53:59,249 ~-~-> 01:54:00,929
10631		-minute. It's not that's not Much, right?
10632		-
10633		-2659
10634		-01:54:01,649 ~-~-> 01:54:03,929
10635		-It doesn't have to be much. Okay, look
10636		-
10637		-2660
10638		-01:54:03,959 ~-~-> 01:54:06,719
10639		-over here. What do you see? See this big
10640		-
10641		-2661
10642		-01:54:06,719 ~-~-> 01:54:09,329
10643		-move down. There's an institutional
10644		-
10645		-2662
10646		-01:54:09,599 ~-~-> 01:54:11,789
10647		-order block right in here, the bullish
10648		-
10649		-2663
10650		-01:54:11,789 ~-~-> 01:54:13,439
10651		-candle prior to the move lower, that's
10652		-
10653		-2664
10654		-01:54:13,439 ~-~-> 01:54:15,839
10655		-where the the selling is going to be. So
10656		-
10657		-2665
10658		-01:54:15,839 ~-~-> 01:54:24,509
10659		-if you add that level right here, price
10660		-
10661		-2666
10662		-01:54:24,539 ~-~-> 01:54:26,489
10663		-trades back to that level, we expect to
10664		-
10665		-2667
10666		-01:54:26,489 ~-~-> 01:54:30,149
10667		-see selling pressure. Add to that. Okay,
10668		-
10669		-2668
10670		-01:54:30,239 ~-~-> 01:54:31,769
10671		-I'm going to darken this up in a
10672		-
10673		-2669
10674		-01:54:31,799 ~-~-> 01:54:37,739
10675		-different color line. Okay, we'll make
10676		-
10677		-2670
10678		-01:54:37,739 ~-~-> 01:54:40,979
10679		-it read. Okay, so there's your order
10680		-
10681		-2671
10682		-01:54:40,979 ~-~-> 01:54:44,309
10683		-block it traded into. Now add to it
10684		-
10685		-2672
10686		-01:54:44,309 ~-~-> 01:54:52,679
10687		-also, the fib. See the high here? This
10688		-
10689		-2673
10690		-01:54:52,679 ~-~-> 01:54:54,179
10691		-downswing here, this is the parent price
10692		-
10693		-2674
10694		-01:54:54,179 ~-~-> 01:54:56,519
10695		-swing and you're still low.
10696		-
10697		-2675
10698		-01:54:58,410 ~-~-> 01:54:59,100
10699		-Right there.
10700		-
10701		-2676
10702		-01:55:00,479 ~-~-> 01:55:01,889
10703		-price comes right up to the sweet spot
10704		-
10705		-2677
10706		-01:55:01,919 ~-~-> 01:55:04,139
10707		-boom. When's it happen after midnight?
10708		-
10709		-2678
10710		-01:55:04,949 ~-~-> 01:55:08,519
10711		-Right up near bang, okay. sells off.
10712		-
10713		-2679
10714		-01:55:09,449 ~-~-> 01:55:14,219
10715		-Okay. early that day didn't give you the
10716		-
10717		-2680
10718		-01:55:14,219 ~-~-> 01:55:17,849
10719		-classic 2am timeframe but on this day
10720		-
10721		-2681
10722		-01:55:17,879 ~-~-> 01:55:23,969
10723		-occurs at 545 while you're 15 minutes
10724		-
10725		-2682
10726		-01:55:23,969 ~-~-> 01:55:28,559
10727		-early, so you may have to catch the
10728		-
10729		-2683
10730		-01:55:28,559 ~-~-> 01:55:31,409
10731		-order block that was here. Trading up in
10732		-
10733		-2684
10734		-01:55:31,439 ~-~-> 01:55:35,639
10735		-to the still early Frankfurt it's 630
10736		-
10737		-2685
10738		-01:55:35,639 ~-~-> 01:55:38,819
10739		-GMT unless you were probably doing limit
10740		-
10741		-2686
10742		-01:55:38,819 ~-~-> 01:55:40,889
10743		-orders or just simply being up and awake
10744		-
10745		-2687
10746		-01:55:40,889 ~-~-> 01:55:43,259
10747		-and just watching it. You may not have
10748		-
10749		-2688
10750		-01:55:43,739 ~-~-> 01:55:45,419
10751		-honestly may not have gotten a really
10752		-
10753		-2689
10754		-01:55:45,419 ~-~-> 01:55:48,479
10755		-good feel on this one. Or maybe even
10756		-
10757		-2690
10758		-01:55:48,479 ~-~-> 01:55:50,579
10759		-missed the move all together. which is
10760		-
10761		-2691
10762		-01:55:50,639 ~-~-> 01:55:56,009
10763		-which is realistic. Okay, we have
10764		-
10765		-2692
10766		-01:55:56,009 ~-~-> 01:55:57,719
10767		-another one here. This is a real classic
10768		-
10769		-2693
10770		-01:55:57,719 ~-~-> 01:56:02,609
10771		-one. If the hi In low, here's the move
10772		-
10773		-2694
10774		-01:56:02,639 ~-~-> 01:56:03,899
10775		-up after midnight
10776		-
10777		-2695
10778		-01:56:05,160 ~-~-> 01:56:05,760
10779		-rallies up.
10780		-
10781		-2696
10782		-01:56:07,080 ~-~-> 01:56:08,580
10783		-And you've probably already seen it
10784		-
10785		-2697
10786		-01:56:08,580 ~-~-> 01:56:14,010
10787		-before I put it on the chart. Let's get
10788		-
10789		-2698
10790		-01:56:14,010 ~-~-> 01:56:17,220
10791		-this one off. Right up there perfect
10792		-
10793		-2699
10794		-01:56:17,220 ~-~-> 01:56:20,610
10795		-optimal trade entry BAM 79%. Slam, which
10796		-
10797		-2700
10798		-01:56:20,610 ~-~-> 01:56:23,250
10799		-is one we would we discussed and not
10800		-
10801		-2701
10802		-01:56:23,250 ~-~-> 01:56:26,760
10803		-surprisingly. Okay, here's one. Okay.
10804		-
10805		-2702
10806		-01:56:26,790 ~-~-> 01:56:27,900
10807		-And this is good that we're showing
10808		-
10809		-2703
10810		-01:56:27,900 ~-~-> 01:56:32,100
10811		-this. We have salvation rally up, takes
10812		-
10813		-2704
10814		-01:56:32,100 ~-~-> 01:56:34,950
10815		-out an old little high in here, okay?
10816		-
10817		-2705
10818		-01:56:35,130 ~-~-> 01:56:37,170
10819		-That would be honestly this would be one
10820		-
10821		-2706
10822		-01:56:37,170 ~-~-> 01:56:38,550
10823		-that you could have traded with the
10824		-
10825		-2707
10826		-01:56:38,550 ~-~-> 01:56:41,100
10827		-anticipation intense it is easy for me
10828		-
10829		-2708
10830		-01:56:41,100 ~-~-> 01:56:45,390
10831		-to say anticipating rather the move
10832		-
10833		-2709
10834		-01:56:45,390 ~-~-> 01:56:48,480
10835		-trading lower. Okay. And while it does
10836		-
10837		-2710
10838		-01:56:48,480 ~-~-> 01:56:50,310
10839		-trade lower, it does come back
10840		-
10841		-2711
10842		-01:56:50,370 ~-~-> 01:56:52,350
10843		-ultimately and rejects and trades
10844		-
10845		-2712
10846		-01:56:52,350 ~-~-> 01:56:54,870
10847		-higher. And you saw price come back
10848		-
10849		-2713
10850		-01:56:54,900 ~-~-> 01:56:56,700
10851		-rather explosively and that's because we
10852		-
10853		-2714
10854		-01:56:56,700 ~-~-> 01:56:59,280
10855		-have a gap right here. Okay. Whenever
10856		-
10857		-2715
10858		-01:56:59,280 ~-~-> 01:57:01,020
10859		-you have gaps in Your chart you want to
10860		-
10861		-2716
10862		-01:57:01,020 ~-~-> 01:57:03,000
10863		-kind of put blocks on that extend them
10864		-
10865		-2717
10866		-01:57:03,000 ~-~-> 01:57:04,680
10867		-out in time because price will come back
10868		-
10869		-2718
10870		-01:57:04,680 ~-~-> 01:57:08,970
10871		-up to these and fill that okay? much in
10872		-
10873		-2719
10874		-01:57:08,970 ~-~-> 01:57:12,810
10875		-the same vein it does here and actually
10876		-
10877		-2720
10878		-01:57:12,810 ~-~-> 01:57:18,480
10879		-traded this at 168 54 was my entry and
10880		-
10881		-2721
10882		-01:57:18,480 ~-~-> 01:57:20,640
10883		-it just took 20 pips I didn't capture
10884		-
10885		-2722
10886		-01:57:20,640 ~-~-> 01:57:23,370
10887		-anything much more than that. But same
10888		-
10889		-2723
10890		-01:57:23,370 ~-~-> 01:57:26,190
10891		-thing happening here. I know you're
10892		-
10893		-2724
10894		-01:57:26,190 ~-~-> 01:57:27,150
10895		-probably saying wait a minute you just
10896		-
10897		-2725
10898		-01:57:27,150 ~-~-> 01:57:29,910
10899		-bought during a buy program I mean sell
10900		-
10901		-2726
10902		-01:57:29,910 ~-~-> 01:57:31,770
10903		-program. Yeah, because we have this gap
10904		-
10905		-2727
10906		-01:57:31,770 ~-~-> 01:57:33,480
10907		-in here and it was smaller intraday
10908		-
10909		-2728
10910		-01:57:33,480 ~-~-> 01:57:36,240
10911		-scalp and I hadn't caught hadn't caught
10912		-
10913		-2729
10914		-01:57:36,240 ~-~-> 01:57:37,860
10915		-anything. Because there's a lot of
10916		-
10917		-2730
10918		-01:57:37,860 ~-~-> 01:57:39,180
10919		-personal things going on my life and I
10920		-
10921		-2731
10922		-01:57:39,180 ~-~-> 01:57:41,190
10923		-just wanted to be able to take something
10924		-
10925		-2732
10926		-01:57:41,190 ~-~-> 01:57:43,350
10927		-out for the week and be done. And that's
10928		-
10929		-2733
10930		-01:57:43,350 ~-~-> 01:57:45,750
10931		-what it is. So I have a birthday coming
10932		-
10933		-2734
10934		-01:57:45,750 ~-~-> 01:57:48,420
10935		-up this Friday on the big 42. So I'm
10936		-
10937		-2735
10938		-01:57:48,420 ~-~-> 01:57:51,120
10939		-trying to clear my my schedule out. So
10940		-
10941		-2736
10942		-01:57:51,480 ~-~-> 01:57:54,780
10943		-that's that's the reason for the little
10944		-
10945		-2737
10946		-01:57:55,230 ~-~-> 01:57:57,990
10947		-nobody moving here. I haven't been able
10948		-
10949		-2738
10950		-01:57:57,990 ~-~-> 01:58:00,540
10951		-to be in front of the charts. To capture
10952		-
10953		-2739
10954		-01:58:00,540 ~-~-> 01:58:02,310
10955		-anything in here, and honestly, there
10956		-
10957		-2740
10958		-01:58:02,310 ~-~-> 01:58:06,150
10959		-isn't anything in here that would be you
10960		-
10961		-2741
10962		-01:58:06,150 ~-~-> 01:58:07,500
10963		-know, something I could say my tools
10964		-
10965		-2742
10966		-01:58:07,500 ~-~-> 01:58:10,710
10967		-were able to deliver. So, outside of
10968		-
10969		-2743
10970		-01:58:10,710 ~-~-> 01:58:12,120
10971		-that little little minor move in here,
10972		-
10973		-2744
10974		-01:58:12,150 ~-~-> 01:58:13,470
10975		-there's been nothing for me to trade
10976		-
10977		-2745
10978		-01:58:13,470 ~-~-> 01:58:17,520
10979		-this week. And ultimately, I'm going to
10980		-
10981		-2746
10982		-01:58:17,520 ~-~-> 01:58:19,290
10983		-be focusing on just the fiber. I'm
10984		-
10985		-2747
10986		-01:58:19,290 ~-~-> 01:58:20,730
10987		-sorry, the cable not the fiber anymore.
10988		-
10989		-2748
10990		-01:58:20,730 ~-~-> 01:58:22,440
10991		-Going forward. We do our live sessions
10992		-
10993		-2749
10994		-01:58:22,440 ~-~-> 01:58:24,600
10995		-because I just want to be working on one
10996		-
10997		-2750
10998		-01:58:24,600 ~-~-> 01:58:27,720
10999		-pair. But we talked about the power
11000		-
11001		-2751
11002		-01:58:27,720 ~-~-> 01:58:29,520
11003		-three, we talked about you two swings. I
11004		-
11005		-2752
11006		-01:58:29,520 ~-~-> 01:58:31,410
11007		-did not cover Did you just swing for New
11008		-
11009		-2753
11010		-01:58:31,410 ~-~-> 01:58:38,580
11011		-York? So let's do that now. All right.
11012		-
11013		-2754
11014		-01:58:38,730 ~-~-> 01:58:40,620
11015		-New York session typically sees an
11016		-
11017		-2755
11018		-01:58:40,620 ~-~-> 01:58:45,780
11019		-opening around 7am New York time, okay,
11020		-
11021		-2756
11022		-01:58:45,780 ~-~-> 01:58:48,120
11023		-and you can use 12 GMT. Now what I like
11024		-
11025		-2757
11026		-01:58:48,120 ~-~-> 01:58:51,360
11027		-to look at is I want to see what 6am
11028		-
11029		-2758
11030		-01:58:52,080 ~-~-> 01:58:55,680
11031		-okay 6am, which is 11 GMT. I want to see
11032		-
11033		-2759
11034		-01:58:55,680 ~-~-> 01:58:57,720
11035		-that vertical line, and that'll give you
11036		-
11037		-2760
11038		-01:58:57,720 ~-~-> 01:59:02,640
11039		-your Judas swing parameter. Okay for the
11040		-
11041		-2761
11042		-01:59:02,670 ~-~-> 01:59:05,880
11043		-New York session. Now, let's go back and
11044		-
11045		-2762
11046		-01:59:05,880 ~-~-> 01:59:07,110
11047		-look at this example. And I'll tell you
11048		-
11049		-2763
11050		-01:59:07,110 ~-~-> 01:59:09,150
11051		-why I did what I did against the trend.
11052		-
11053		-2764
11054		-01:59:10,410 ~-~-> 01:59:13,950
11055		-We had a possible low formed here
11056		-
11057		-2765
11058		-01:59:13,950 ~-~-> 01:59:15,750
11059		-because we have really aggressive move
11060		-
11061		-2766
11062		-01:59:16,500 ~-~-> 01:59:18,630
11063		-form right off of this, this price point
11064		-
11065		-2767
11066		-01:59:18,630 ~-~-> 01:59:20,610
11067		-here, and this is actually 745 GMT.
11068		-
11069		-2768
11070		-01:59:21,510 ~-~-> 01:59:24,240
11071		-Okay, price snaps up aggressively, and
11072		-
11073		-2769
11074		-01:59:24,240 ~-~-> 01:59:27,060
11075		-then it leaves a gap. All I wanted to do
11076		-
11077		-2770
11078		-01:59:27,060 ~-~-> 01:59:28,560
11079		-see if it would come back up to this,
11080		-
11081		-2771
11082		-01:59:28,620 ~-~-> 01:59:30,270
11083		-and I was trying to play an optimal
11084		-
11085		-2772
11086		-01:59:30,270 ~-~-> 01:59:31,560
11087		-trade entry for continuation going
11088		-
11089		-2773
11090		-01:59:31,560 ~-~-> 01:59:34,920
11091		-lower, but I was using the exit for the
11092		-
11093		-2774
11094		-01:59:34,920 ~-~-> 01:59:35,970
11095		-optimal trade entry pattern. In other
11096		-
11097		-2775
11098		-01:59:35,970 ~-~-> 01:59:37,170
11099		-words, I was looking at this.
11100		-
11101		-2776
11102		-01:59:42,720 ~-~-> 01:59:45,630
11103		-I was using this area here to exit my
11104		-
11105		-2777
11106		-01:59:45,630 ~-~-> 01:59:48,840
11107		-long pricing down filled the gap. But
11108		-
11109		-2778
11110		-01:59:48,840 ~-~-> 01:59:50,100
11111		-more importantly, I want you to look at
11112		-
11113		-2779
11114		-01:59:50,100 ~-~-> 01:59:51,810
11115		-what's going on. This is what I was
11116		-
11117		-2780
11118		-01:59:51,810 ~-~-> 01:59:54,120
11119		-trading off of. I was betting that this
11120		-
11121		-2781
11122		-01:59:54,120 ~-~-> 01:59:56,610
11123		-was the low of the day. Why? Because it
11124		-
11125		-2782
11126		-01:59:56,610 ~-~-> 01:59:58,980
11127		-was happening in London, London, blew up
11128		-
11129		-2783
11130		-01:59:58,980 ~-~-> 02:00:01,530
11131		-real hard and then retreat. Okay, and
11132		-
11133		-2784
11134		-02:00:01,530 ~-~-> 02:00:03,390
11135		-fill the gap. If there was no gap in
11136		-
11137		-2785
11138		-02:00:03,390 ~-~-> 02:00:04,590
11139		-here, I never would have took this trade
11140		-
11141		-2786
11142		-02:00:04,650 ~-~-> 02:00:06,030
11143		-ever would have considered taking the
11144		-
11145		-2787
11146		-02:00:06,030 ~-~-> 02:00:09,000
11147		-trade. But because there was a gap. I
11148		-
11149		-2788
11150		-02:00:09,000 ~-~-> 02:00:11,490
11151		-went long in here with the expectation
11152		-
11153		-2789
11154		-02:00:11,610 ~-~-> 02:00:13,320
11155		-that I would see a further move higher
11156		-
11157		-2790
11158		-02:00:13,350 ~-~-> 02:00:16,920
11159		-why the vertical line delineates 11 GMT
11160		-
11161		-2791
11162		-02:00:16,950 ~-~-> 02:00:19,710
11163		-or 6am, New York time? If we're going to
11164		-
11165		-2792
11166		-02:00:19,710 ~-~-> 02:00:21,510
11167		-be a buyer, what do we like to see first
11168		-
11169		-2793
11170		-02:00:21,540 ~-~-> 02:00:23,820
11171		-and Judas swing perspective? A down
11172		-
11173		-2794
11174		-02:00:23,820 ~-~-> 02:00:25,830
11175		-move, see what it's done. Here's the
11176		-
11177		-2795
11178		-02:00:25,830 ~-~-> 02:00:28,530
11179		-white line. This is New York. Judas
11180		-
11181		-2796
11182		-02:00:28,590 ~-~-> 02:00:31,140
11183		-parameter like the five GMT New York for
11184		-
11185		-2797
11186		-02:00:31,140 ~-~-> 02:00:33,570
11187		-London. We want to see a move down.
11188		-
11189		-2798
11190		-02:00:33,930 ~-~-> 02:00:36,750
11191		-Also, it fills in a gap and it trades
11192		-
11193		-2799
11194		-02:00:36,750 ~-~-> 02:00:40,470
11195		-into a previous order block rallies. See
11196		-
11197		-2800
11198		-02:00:40,470 ~-~-> 02:00:47,070
11199		-that. If you are looking at over here
11200		-
11201		-2801
11202		-02:00:51,030 ~-~-> 02:00:55,080
11203		-you have your London open down day. Here
11204		-
11205		-2802
11206		-02:00:55,080 ~-~-> 02:00:56,820
11207		-is the New York session. So how do you
11208		-
11209		-2803
11210		-02:00:56,820 ~-~-> 02:00:59,220
11211		-get in sync with getting in New York
11212		-
11213		-2804
11214		-02:00:59,430 ~-~-> 02:01:02,250
11215		-while you want to see rally after 11 GMT
11216		-
11217		-2805
11218		-02:01:02,250 ~-~-> 02:01:04,980
11219		-or 6am that rally that occurs later on.
11220		-
11221		-2806
11222		-02:01:05,220 ~-~-> 02:01:08,460
11223		-That'll be the retracement inside of the
11224		-
11225		-2807
11226		-02:01:08,700 ~-~-> 02:01:13,740
11227		-existing daily range. right up in here
11228		-
11229		-2808
11230		-02:01:13,770 ~-~-> 02:01:16,740
11231		-60% sell here. Try to get back to the
11232		-
11233		-2809
11234		-02:01:16,740 ~-~-> 02:01:18,840
11235		-old low. Notice it doesn't do it here.
11236		-
11237		-2810
11238		-02:01:19,200 ~-~-> 02:01:23,250
11239		-Failed trade. Okay. I'm giving you what
11240		-
11241		-2811
11242		-02:01:23,280 ~-~-> 02:01:25,500
11243		-would what would happen guys I mean I'm
11244		-
11245		-2812
11246		-02:01:25,770 ~-~-> 02:01:27,090
11247		-trying to keep it as real as I possibly
11248		-
11249		-2813
11250		-02:01:27,090 ~-~-> 02:01:30,480
11251		-can you have a scenario here as well
11252		-
11253		-2814
11254		-02:01:30,510 ~-~-> 02:01:33,360
11255		-yeah, the high coming off of the London
11256		-
11257		-2815
11258		-02:01:33,360 ~-~-> 02:01:36,300
11259		-session trades down. We want to see a
11260		-
11261		-2816
11262		-02:01:36,300 ~-~-> 02:01:39,420
11263		-rally after New York. Okay after New
11264		-
11265		-2817
11266		-02:01:39,420 ~-~-> 02:01:39,750
11267		-York
11268		-
11269		-2818
11270		-02:01:45,870 ~-~-> 02:01:48,090
11271		-never gives it to you here and you have
11272		-
11273		-2819
11274		-02:01:48,090 ~-~-> 02:01:49,830
11275		-to wait to the final day on online.
11276		-
11277		-2820
11278		-02:01:56,430 ~-~-> 02:02:00,360
11279		-Down moving here. You have You want to
11280		-
11281		-2821
11282		-02:02:00,360 ~-~-> 02:02:02,460
11283		-see a retracement of some sort? Okay
11284		-
11285		-2822
11286		-02:02:02,460 ~-~-> 02:02:07,620
11287		-retracement is again a New York can be
11288		-
11289		-2823
11290		-02:02:07,620 ~-~-> 02:02:09,570
11291		-used for position trading guys that
11292		-
11293		-2824
11294		-02:02:09,570 ~-~-> 02:02:12,450
11295		-can't be up there in London whatever you
11296		-
11297		-2825
11298		-02:02:12,450 ~-~-> 02:02:15,000
11299		-would sell short here. You have to ride
11300		-
11301		-2826
11302		-02:02:15,000 ~-~-> 02:02:17,070
11303		-out all through the previous I mean
11304		-
11305		-2827
11306		-02:02:17,070 ~-~-> 02:02:19,050
11307		-sorry the next London session so you
11308		-
11309		-2828
11310		-02:02:19,050 ~-~-> 02:02:20,460
11311		-can't move your stop you can't do
11312		-
11313		-2829
11314		-02:02:20,460 ~-~-> 02:02:23,280
11315		-anything until the low is taken out.
11316		-
11317		-2830
11318		-02:02:23,640 ~-~-> 02:02:24,900
11319		-muscle is taken out then you start
11320		-
11321		-2831
11322		-02:02:24,900 ~-~-> 02:02:27,090
11323		-managing your trade and your stops But
11324		-
11325		-2832
11326		-02:02:27,180 ~-~-> 02:02:28,890
11327		-until then, that's this is what you have
11328		-
11329		-2833
11330		-02:02:28,890 ~-~-> 02:02:33,180
11331		-to work with. But using the new york
11332		-
11333		-2834
11334		-02:02:33,570 ~-~-> 02:02:37,200
11335		-session period separate 11 GMT or six
11336		-
11337		-2835
11338		-02:02:37,230 ~-~-> 02:02:39,060
11339		-and New York time you want to see the
11340		-
11341		-2836
11342		-02:02:39,060 ~-~-> 02:02:41,250
11343		-rally. You know that rally is what sets
11344		-
11345		-2837
11346		-02:02:41,250 ~-~-> 02:02:42,960
11347		-you up for the continuation of the
11348		-
11349		-2838
11350		-02:02:42,960 ~-~-> 02:02:45,300
11351		-existing downtrend, downtrend. Okay,
11352		-
11353		-2839
11354		-02:02:45,390 ~-~-> 02:02:47,940
11355		-framing your ideas with the London
11356		-
11357		-2840
11358		-02:02:48,810 ~-~-> 02:02:50,700
11359		-backdrop of what's going on in London
11360		-
11361		-2841
11362		-02:02:50,850 ~-~-> 02:02:54,270
11363		-and the overall trend being lower. But
11364		-
11365		-2842
11366		-02:02:54,270 ~-~-> 02:02:59,940
11367		-using the 6am New York or 11 GMT window
11368		-
11369		-2843
11370		-02:03:00,000 ~-~-> 02:03:02,790
11371		-But what that does afterwards okay is
11372		-
11373		-2844
11374		-02:03:02,790 ~-~-> 02:03:04,530
11375		-sets the framework up for your trade.
11376		-
11377		-2845
11378		-02:03:04,980 ~-~-> 02:03:06,600
11379		-Notice that we have the high formed in
11380		-
11381		-2846
11382		-02:03:06,600 ~-~-> 02:03:08,730
11383		-London here. We didn't get any kind of a
11384		-
11385		-2847
11386		-02:03:08,730 ~-~-> 02:03:10,650
11387		-rally on this day so we couldn't do any
11388		-
11389		-2848
11390		-02:03:10,650 ~-~-> 02:03:12,810
11391		-country. There was no opportunity there
11392		-
11393		-2849
11394		-02:03:12,810 ~-~-> 02:03:18,540
11395		-in New York. And nothing really to speak
11396		-
11397		-2850
11398		-02:03:18,540 ~-~-> 02:03:24,420
11399		-of air either. Again, this is that same
11400		-
11401		-2851
11402		-02:03:24,420 ~-~-> 02:03:26,640
11403		-day where it could have now this
11404		-
11405		-2852
11406		-02:03:26,640 ~-~-> 02:03:28,410
11407		-classified as a delusion that you lost
11408		-
11409		-2853
11410		-02:03:28,410 ~-~-> 02:03:32,460
11411		-money on that. The London session
11412		-
11413		-2854
11414		-02:03:32,460 ~-~-> 02:03:35,280
11415		-creates the high here. Here's New York
11416		-
11417		-2855
11418		-02:03:35,310 ~-~-> 02:03:40,590
11419		-at 6am. We see a rally rally up to what
11420		-
11421		-2856
11422		-02:03:41,010 ~-~-> 02:03:43,470
11423		-old support broken becomes what
11424		-
11425		-2857
11426		-02:03:43,500 ~-~-> 02:03:47,220
11427		-resistance boom okay.
11428		-
11429		-2858
11430		-02:04:00,780 ~-~-> 02:04:04,410
11431		-High the day in London, New York. You
11432		-
11433		-2859
11434		-02:04:04,410 ~-~-> 02:04:08,490
11435		-want to see what a rally after 6am or 11
11436		-
11437		-2860
11438		-02:04:08,490 ~-~-> 02:04:14,160
11439		-GMT there's a rally into old resistance.
11440		-
11441		-2861
11442		-02:04:15,180 ~-~-> 02:04:17,520
11443		-So you have a five minute optimal trade
11444		-
11445		-2862
11446		-02:04:17,520 ~-~-> 02:04:19,650
11447		-entry in here you could have scaled into
11448		-
11449		-2863
11450		-02:04:19,650 ~-~-> 02:04:23,010
11451		-even with smaller risk but you're also
11452		-
11453		-2864
11454		-02:04:23,010 ~-~-> 02:04:29,220
11455		-playing up against this old low using
11456		-
11457		-2865
11458		-02:04:29,220 ~-~-> 02:04:33,120
11459		-the body of candles right there okay, so
11460		-
11461		-2866
11462		-02:04:33,120 ~-~-> 02:04:36,000
11463		-you took out an old low broke through it
11464		-
11465		-2867
11466		-02:04:36,000 ~-~-> 02:04:39,270
11467		-came back find that as us support broken
11468		-
11469		-2868
11470		-02:04:39,360 ~-~-> 02:04:40,890
11471		-turn resistance and we had another
11472		-
11473		-2869
11474		-02:04:41,130 ~-~-> 02:04:42,990
11475		-trader and then even blew through it
11476		-
11477		-2870
11478		-02:04:42,990 ~-~-> 02:04:46,470
11479		-just a little bit Tim nice of them. Nice
11480		-
11481		-2871
11482		-02:04:46,470 ~-~-> 02:04:48,150
11483		-they were about doing it right there's
11484		-
11485		-2872
11486		-02:04:48,150 ~-~-> 02:04:50,010
11487		-the highs that are equal. Now I told you
11488		-
11489		-2873
11490		-02:04:50,280 ~-~-> 02:04:52,080
11491		-the best moves occur after the stop read
11492		-
11493		-2874
11494		-02:04:52,110 ~-~-> 02:04:53,850
11495		-stops gonna be read above that or at
11496		-
11497		-2875
11498		-02:04:53,850 ~-~-> 02:04:59,100
11499		-that high. Ben downing goes okay. And
11500		-
11501		-2876
11502		-02:04:59,100 ~-~-> 02:05:01,410
11503		-this is in the doldrums of summer guys,
11504		-
11505		-2877
11506		-02:05:01,410 ~-~-> 02:05:04,710
11507		-and this is August. This, I mean, not
11508		-
11509		-2878
11510		-02:05:04,710 ~-~-> 02:05:06,750
11511		-August, in July, July and August really,
11512		-
11513		-2879
11514		-02:05:06,870 ~-~-> 02:05:10,410
11515		-really crummiest in terms of volatility.
11516		-
11517		-2880
11518		-02:05:10,470 ~-~-> 02:05:13,320
11519		-It's really nasty in terms of cleanness
11520		-
11521		-2881
11522		-02:05:13,320 ~-~-> 02:05:16,080
11523		-in terms of where price can go perfectly
11524		-
11525		-2882
11526		-02:05:16,080 ~-~-> 02:05:18,870
11527		-in turn around. That's why a lot of
11528		-
11529		-2883
11530		-02:05:18,900 ~-~-> 02:05:23,790
11531		-weight is mainly placed on the daily and
11532		-
11533		-2884
11534		-02:05:23,820 ~-~-> 02:05:25,650
11535		-even weekly charts really, because it'll
11536		-
11537		-2885
11538		-02:05:26,070 ~-~-> 02:05:27,990
11539		-give you the framework that you need to
11540		-
11541		-2886
11542		-02:05:27,990 ~-~-> 02:05:30,480
11543		-have for these large institutions to be
11544		-
11545		-2887
11546		-02:05:30,480 ~-~-> 02:05:33,420
11547		-behind your trades. So while we
11548		-
11549		-2888
11550		-02:05:33,420 ~-~-> 02:05:36,480
11551		-basically looked at targeting time of
11552		-
11553		-2889
11554		-02:05:36,480 ~-~-> 02:05:38,340
11555		-day power three Judas swings, how to
11556		-
11557		-2890
11558		-02:05:38,340 ~-~-> 02:05:40,560
11559		-apply it with both not only the New York
11560		-
11561		-2891
11562		-02:05:40,560 ~-~-> 02:05:42,510
11563		-session, but the London session as well.
11564		-
11565		-2892
11566		-02:05:43,380 ~-~-> 02:05:47,640
11567		-We talked about the the mapping aspect
11568		-
11569		-2893
11570		-02:05:47,640 ~-~-> 02:05:49,680
11571		-of putting the boxes on your chart like
11572		-
11573		-2894
11574		-02:05:49,680 ~-~-> 02:05:51,120
11575		-we have here, this orange box and what
11576		-
11577		-2895
11578		-02:05:51,120 ~-~-> 02:05:53,850
11579		-it means Okay, and again, it's to
11580		-
11581		-2896
11582		-02:05:53,940 ~-~-> 02:05:57,120
11583		-bracket out a pocket of price action,
11584		-
11585		-2897
11586		-02:05:57,330 ~-~-> 02:05:59,070
11587		-that the higher time frames are telling
11588		-
11589		-2898
11590		-02:05:59,070 ~-~-> 02:06:01,590
11591		-us this direction is most likely going
11592		-
11593		-2899
11594		-02:06:01,590 ~-~-> 02:06:04,530
11595		-to be. And in this case, we mapped out
11596		-
11597		-2900
11598		-02:06:04,560 ~-~-> 02:06:07,110
11599		-that it was going lower. So while we're
11600		-
11601		-2901
11602		-02:06:07,170 ~-~-> 02:06:09,720
11603		-in the intraday perspective, we are
11604		-
11605		-2902
11606		-02:06:09,720 ~-~-> 02:06:12,810
11607		-cognizant of the lower time frame, I'm
11608		-
11609		-2903
11610		-02:06:12,810 ~-~-> 02:06:14,040
11611		-sorry, the higher time frames moving
11612		-
11613		-2904
11614		-02:06:14,070 ~-~-> 02:06:16,440
11615		-lower. So we want to be more focused in
11616		-
11617		-2905
11618		-02:06:16,440 ~-~-> 02:06:18,780
11619		-on finding sell scenarios, at specific
11620		-
11621		-2906
11622		-02:06:18,780 ~-~-> 02:06:21,990
11623		-times of the day. with specific, you
11624		-
11625		-2907
11626		-02:06:21,990 ~-~-> 02:06:24,060
11627		-know, reoccurring themes that either be
11628		-
11629		-2908
11630		-02:06:24,060 ~-~-> 02:06:25,320
11631		-the apple trade entry or the turtle
11632		-
11633		-2909
11634		-02:06:25,320 ~-~-> 02:06:32,130
11635		-suit. It would be advantageous for you
11636		-
11637		-2910
11638		-02:06:32,130 ~-~-> 02:06:35,190
11639		-to study market profiling to a great
11640		-
11641		-2911
11642		-02:06:35,190 ~-~-> 02:06:37,200
11643		-degree. And I mean by that is markets
11644		-
11645		-2912
11646		-02:06:37,200 ~-~-> 02:06:39,990
11647		-move from consolidation, to trend to
11648		-
11649		-2913
11650		-02:06:39,990 ~-~-> 02:06:42,000
11651		-reversal, okay, there's only three
11652		-
11653		-2914
11654		-02:06:42,000 ~-~-> 02:06:43,860
11655		-things that can happen. The markets
11656		-
11657		-2915
11658		-02:06:43,950 ~-~-> 02:06:46,620
11659		-gonna go sideways in a range, or it's
11660		-
11661		-2916
11662		-02:06:46,620 ~-~-> 02:06:48,990
11663		-going to trend and break out basically,
11664		-
11665		-2917
11666		-02:06:49,440 ~-~-> 02:06:51,630
11667		-or once again, once it hits a resistance
11668		-
11669		-2918
11670		-02:06:51,630 ~-~-> 02:06:53,400
11671		-or support of greater measure, it'll
11672		-
11673		-2919
11674		-02:06:53,400 ~-~-> 02:06:55,740
11675		-reverse. They're the only three things
11676		-
11677		-2920
11678		-02:06:55,740 ~-~-> 02:06:57,330
11679		-that can happen with price. It's either
11680		-
11681		-2921
11682		-02:06:57,330 ~-~-> 02:06:59,880
11683		-going sideways, it's going up, or it's
11684		-
11685		-2922
11686		-02:06:59,880 ~-~-> 02:07:02,130
11687		-going Going down and based on the the
11688		-
11689		-2923
11690		-02:07:02,130 ~-~-> 02:07:03,930
11691		-three primary profiles which is
11692		-
11693		-2924
11694		-02:07:03,930 ~-~-> 02:07:05,460
11695		-consolidation which is range bound,
11696		-
11697		-2925
11698		-02:07:06,120 ~-~-> 02:07:09,000
11699		-okay? And then you see that here, here's
11700		-
11701		-2926
11702		-02:07:09,000 ~-~-> 02:07:14,430
11703		-consolidation, okay. reversal trend
11704		-
11705		-2927
11706		-02:07:16,140 ~-~-> 02:07:17,040
11707		-consolidation.
11708		-
11709		-2928
11710		-02:07:25,590 ~-~-> 02:07:29,700
11711		-In here we have a reversal, old highs
11712		-
11713		-2929
11714		-02:07:29,700 ~-~-> 02:07:31,560
11715		-taken out reversal. So we're in
11716		-
11717		-2930
11718		-02:07:31,560 ~-~-> 02:07:35,340
11719		-consolidation, reversal, trade lower
11720		-
11721		-2931
11722		-02:07:35,610 ~-~-> 02:07:41,760
11723		-trending. consolidation, trending
11724		-
11725		-2932
11726		-02:07:41,790 ~-~-> 02:07:47,070
11727		-reversal. consolidation, trending,
11728		-
11729		-2933
11730		-02:07:47,340 ~-~-> 02:07:51,870
11731		-reversal. consolidating, trending,
11732		-
11733		-2934
11734		-02:07:53,790 ~-~-> 02:07:59,970
11735		-consolidating, reversal consolidating
11736		-
11737		-2935
11738		-02:08:01,920 ~-~-> 02:08:04,440
11739		-trending, if you only want to call that,
11740		-
11741		-2936
11742		-02:08:05,010 ~-~-> 02:08:06,750
11743		-now we're in consolidation again, okay,
11744		-
11745		-2937
11746		-02:08:06,750 ~-~-> 02:08:09,150
11747		-so by understanding where we're at in
11748		-
11749		-2938
11750		-02:08:09,150 ~-~-> 02:08:10,650
11751		-the cycle, and there's no real
11752		-
11753		-2939
11754		-02:08:11,220 ~-~-> 02:08:14,370
11755		-repeating, consolidation, trend
11756		-
11757		-2940
11758		-02:08:14,370 ~-~-> 02:08:16,440
11759		-reversal, okay? But it does go from
11760		-
11761		-2941
11762		-02:08:16,440 ~-~-> 02:08:19,020
11763		-consolidation to trend, that before you
11764		-
11765		-2942
11766		-02:08:19,020 ~-~-> 02:08:20,520
11767		-see a trend, there's a consolidation.
11768		-
11769		-2943
11770		-02:08:20,700 ~-~-> 02:08:22,920
11771		-And inside the consolidation is where
11772		-
11773		-2944
11774		-02:08:22,920 ~-~-> 02:08:24,780
11775		-all the Smart Money accumulation is
11776		-
11777		-2945
11778		-02:08:24,780 ~-~-> 02:08:26,580
11779		-being done, whether it be buying and
11780		-
11781		-2946
11782		-02:08:26,580 ~-~-> 02:08:29,250
11783		-selling. So hopefully this has been
11784		-
11785		-2947
11786		-02:08:29,250 ~-~-> 02:08:31,590
11787		-insightful to you guys. Obviously,
11788		-
11789		-2948
11790		-02:08:31,590 ~-~-> 02:08:33,270
11791		-understanding seasonal tendencies and
11792		-
11793		-2949
11794		-02:08:33,330 ~-~-> 02:08:35,520
11795		-honestly, if you if you do a search on
11796		-
11797		-2950
11798		-02:08:36,090 ~-~-> 02:08:39,960
11799		-more research, and that's m o r e, he
11800		-
11801		-2951
11802		-02:08:39,960 ~-~-> 02:08:41,640
11803		-has in my opinion, the best seasonal
11804		-
11805		-2952
11806		-02:08:41,640 ~-~-> 02:08:43,500
11807		-tendency stuff there is. But you can
11808		-
11809		-2953
11810		-02:08:43,530 ~-~-> 02:08:46,440
11811		-pull up seasonal tendency, graphs on
11812		-
11813		-2954
11814		-02:08:46,470 ~-~-> 02:08:49,410
11815		-every everything from commodities, to
11816		-
11817		-2955
11818		-02:08:49,680 ~-~-> 02:08:51,900
11819		-currencies and such and oil. If you're
11820		-
11821		-2956
11822		-02:08:51,900 ~-~-> 02:08:54,360
11823		-trading, crude oil, gold, silver, all
11824		-
11825		-2957
11826		-02:08:54,360 ~-~-> 02:08:55,530
11827		-that stuff, you have all that stuff. And
11828		-
11829		-2958
11830		-02:08:55,530 ~-~-> 02:08:57,210
11831		-if you just Google it on the internet,
11832		-
11833		-2959
11834		-02:08:58,170 ~-~-> 02:09:01,080
11835		-you can find all that stuff but Applying
11836		-
11837		-2960
11838		-02:09:01,080 ~-~-> 02:09:03,180
11839		-seasonal tendencies to you the higher
11840		-
11841		-2961
11842		-02:09:03,180 ~-~-> 02:09:05,310
11843		-time frames as well kind of gets you set
11844		-
11845		-2962
11846		-02:09:05,700 ~-~-> 02:09:08,010
11847		-for when there's a likely buy or sell
11848		-
11849		-2963
11850		-02:09:08,010 ~-~-> 02:09:10,770
11851		-program. Coming Your Way, a lot, a lot
11852		-
11853		-2964
11854		-02:09:10,770 ~-~-> 02:09:13,290
11855		-of my longer term analysis, where I've
11856		-
11857		-2965
11858		-02:09:13,290 ~-~-> 02:09:16,020
11859		-called major highs and lows, more than
11860		-
11861		-2966
11862		-02:09:16,020 ~-~-> 02:09:17,850
11863		-most likely going to form and then move
11864		-
11865		-2967
11866		-02:09:17,850 ~-~-> 02:09:19,770
11867		-into a new buying opportunity or selling
11868		-
11869		-2968
11870		-02:09:19,800 ~-~-> 02:09:22,530
11871		-opportunity that's really hinged on the
11872		-
11873		-2969
11874		-02:09:22,560 ~-~-> 02:09:25,050
11875		-co2 data, and seasonal seasonal
11876		-
11877		-2970
11878		-02:09:25,050 ~-~-> 02:09:26,970
11879		-tendencies. with higher levels support
11880		-
11881		-2971
11882		-02:09:26,970 ~-~-> 02:09:28,290
11883		-resistance, that's all it is, guys,
11884		-
11885		-2972
11886		-02:09:28,290 ~-~-> 02:09:30,360
11887		-that's really all it is. And by having
11888		-
11889		-2973
11890		-02:09:30,360 ~-~-> 02:09:33,720
11891		-these tools combined together, applying
11892		-
11893		-2974
11894		-02:09:33,720 ~-~-> 02:09:37,410
11895		-them will give you a huge edge that just
11896		-
11897		-2975
11898		-02:09:37,410 ~-~-> 02:09:39,210
11899		-the retail traders just simply don't
11900		-
11901		-2976
11902		-02:09:39,210 ~-~-> 02:09:42,810
11903		-even exist in terms of you know, they
11904		-
11905		-2977
11906		-02:09:42,810 ~-~-> 02:09:44,580
11907		-don't even know this, this level of
11908		-
11909		-2978
11910		-02:09:44,580 ~-~-> 02:09:47,370
11911		-precision is available. Okay. And when
11912		-
11913		-2979
11914		-02:09:47,370 ~-~-> 02:09:49,110
11915		-we go into the fall, and we trade
11916		-
11917		-2980
11918		-02:09:49,110 ~-~-> 02:09:50,790
11919		-through the winter months and early
11920		-
11921		-2981
11922		-02:09:50,790 ~-~-> 02:09:54,600
11923		-spring, the liquidity that is available,
11924		-
11925		-2982
11926		-02:09:54,600 ~-~-> 02:09:57,030
11927		-then you'll see because we're gonna be
11928		-
11929		-2983
11930		-02:09:57,030 ~-~-> 02:09:58,500
11931		-doing it live over my shoulder and
11932		-
11933		-2984
11934		-02:09:58,500 ~-~-> 02:09:59,910
11935		-you'll see all these things happening.
11936		-
11937		-2985
11938		-02:10:00,000 ~-~-> 02:10:02,160
11939		-In advanced setting up the all the news
11940		-
11941		-2986
11942		-02:10:02,160 ~-~-> 02:10:03,840
11943		-and what we anticipate seeing and all
11944		-
11945		-2987
11946		-02:10:03,840 ~-~-> 02:10:06,030
11947		-that stuff, when that when that happens,
11948		-
11949		-2988
11950		-02:10:06,060 ~-~-> 02:10:08,340
11951		-it will be a learning experience unlike
11952		-
11953		-2989
11954		-02:10:08,340 ~-~-> 02:10:10,560
11955		-any other for you. And I'm going to
11956		-
11957		-2990
11958		-02:10:10,560 ~-~-> 02:10:13,170
11959		-close my teaching out this year with
11960		-
11961		-2991
11962		-02:10:13,170 ~-~-> 02:10:14,940
11963		-this because obviously, you know, as a
11964		-
11965		-2992
11966		-02:10:14,940 ~-~-> 02:10:17,820
11967		-mentor, I'm retiring, and 2015 will be
11968		-
11969		-2993
11970		-02:10:17,820 ~-~-> 02:10:20,370
11971		-the beginning of my, you know, life away
11972		-
11973		-2994
11974		-02:10:20,370 ~-~-> 02:10:23,040
11975		-from teaching. But my resources will be
11976		-
11977		-2995
11978		-02:10:23,040 ~-~-> 02:10:24,150
11979		-still available on the internet,
11980		-
11981		-2996
11982		-02:10:24,180 ~-~-> 02:10:26,430
11983		-obviously, my email address, you can
11984		-
11985		-2997
11986		-02:10:26,430 ~-~-> 02:10:28,950
11987		-always reach me at ICT at the inner
11988		-
11989		-2998
11990		-02:10:28,950 ~-~-> 02:10:31,140
11991		-circle trader calm and as a backup email
11992		-
11993		-2999
11994		-02:10:31,140 ~-~-> 02:10:35,370
11995		-address, inner circle trader@gmail.com.
11996		-
11997		-3000
11998		-02:10:35,520 ~-~-> 02:10:37,200
11999		-And obviously, with everything that
12000		-
12001		-3001
12002		-02:10:37,230 ~-~-> 02:10:38,580
12003		-we've shared in here, this is this
12004		-
12005		-3002
12006		-02:10:39,000 ~-~-> 02:10:42,570
12007		-massive, massive contents, condensing
12008		-
12009		-3003
12010		-02:10:42,690 ~-~-> 02:10:45,390
12011		-content condensing rather of all the
12012		-
12013		-3004
12014		-02:10:45,420 ~-~-> 02:10:46,980
12015		-materials that I've been sharing over
12016		-
12017		-3005
12018		-02:10:46,980 ~-~-> 02:10:49,590
12019		-the last four years. Now it's much much
12020		-
12021		-3006
12022		-02:10:49,590 ~-~-> 02:10:51,420
12023		-more that can be done in terms of
12024		-
12025		-3007
12026		-02:10:51,420 ~-~-> 02:10:53,700
12027		-reviewing and go on and on, but it would
12028		-
12029		-3008
12030		-02:10:53,700 ~-~-> 02:10:55,680
12031		-take me another four years to do it, you
12032		-
12033		-3009
12034		-02:10:55,680 ~-~-> 02:10:58,500
12035		-know me, so we'll be doing a lot of
12036		-
12037		-3010
12038		-02:10:58,500 ~-~-> 02:11:00,600
12039		-application which will help you Get up
12040		-
12041		-3011
12042		-02:11:00,600 ~-~-> 02:11:01,800
12043		-to speed. But for those that are just
12044		-
12045		-3012
12046		-02:11:01,800 ~-~-> 02:11:04,530
12047		-not warmed up to my material, this kind
12048		-
12049		-3013
12050		-02:11:04,530 ~-~-> 02:11:06,540
12051		-of like is like an overview, if you will
12052		-
12053		-3014
12054		-02:11:06,570 ~-~-> 02:11:08,160
12055		-a real Crash Course of the things that
12056		-
12057		-3015
12058		-02:11:08,160 ~-~-> 02:11:09,780
12059		-we do, and we don't for the last four
12060		-
12061		-3016
12062		-02:11:09,780 ~-~-> 02:11:11,970
12063		-years, and you'll start to see
12064		-
12065		-3017
12066		-02:11:12,030 ~-~-> 02:11:14,010
12067		-everything I talk about in real time, it
12068		-
12069		-3018
12070		-02:11:14,010 ~-~-> 02:11:15,780
12071		-won't be made up, it'll be all hinged on
12072		-
12073		-3019
12074		-02:11:15,780 ~-~-> 02:11:16,950
12075		-the stuff that's been talked about for
12076		-
12077		-3020
12078		-02:11:16,950 ~-~-> 02:11:18,900
12079		-the last four years and documented on it
12080		-
12081		-3021
12082		-02:11:19,020 ~-~-> 02:11:20,910
12083		-on the internet. I mean, it's not like,
12084		-
12085		-3022
12086		-02:11:21,330 ~-~-> 02:11:22,980
12087		-you know, just start tweaking these
12088		-
12089		-3023
12090		-02:11:22,980 ~-~-> 02:11:24,390
12091		-things every every day to make it work
12092		-
12093		-3024
12094		-02:11:24,390 ~-~-> 02:11:26,610
12095		-better. This is the stuff that's in my
12096		-
12097		-3025
12098		-02:11:26,610 ~-~-> 02:11:28,320
12099		-repertoire. It's stuff that I used to
12100		-
12101		-3026
12102		-02:11:28,320 ~-~-> 02:11:29,730
12103		-trade, it's stuff that other traders
12104		-
12105		-3027
12106		-02:11:29,730 ~-~-> 02:11:31,410
12107		-have been using for a long period of
12108		-
12109		-3028
12110		-02:11:31,410 ~-~-> 02:11:33,420
12111		-time. they're familiar with my stuff,
12112		-
12113		-3029
12114		-02:11:33,420 ~-~-> 02:11:35,790
12115		-and they are doing very well. So I'm
12116		-
12117		-3030
12118		-02:11:35,790 ~-~-> 02:11:37,890
12119		-going to close it here. This ends our
12120		-
12121		-3031
12122		-02:11:37,920 ~-~-> 02:11:40,980
12123		-series on what every new indoor aspiring
12124		-
12125		-3032
12126		-02:11:40,980 ~-~-> 02:11:42,450
12127		-for shooter wants to know, recap or
12128		-
12129		-3033
12130		-02:11:42,450 ~-~-> 02:11:45,180
12131		-review. And now everything going forward
12132		-
12133		-3034
12134		-02:11:45,390 ~-~-> 02:11:47,760
12135		-will be real time, doing the drills,
12136		-
12137		-3035
12138		-02:11:47,760 ~-~-> 02:11:50,460
12139		-doing all the research projects and all
12140		-
12141		-3036
12142		-02:11:50,460 ~-~-> 02:11:52,500
12143		-the stuff that's necessary for you. But
12144		-
12145		-3037
12146		-02:11:52,530 ~-~-> 02:11:54,030
12147		-I'm condensing what you should be done
12148		-
12149		-3038
12150		-02:11:54,030 ~-~-> 02:11:56,340
12151		-for six months into just one month. So
12152		-
12153		-3039
12154		-02:11:56,340 ~-~-> 02:11:57,570
12155		-by the time we're in the second week of
12156		-
12157		-3040
12158		-02:11:57,570 ~-~-> 02:11:58,950
12159		-September, we'll be in the swing of
12160		-
12161		-3041
12162		-02:11:58,950 ~-~-> 02:12:00,840
12163		-things with live trading. A Live
12164		-
12165		-3042
12166		-02:12:00,840 ~-~-> 02:12:02,340
12167		-account. So with that, guys, we wish you
12168		-
12169		-3043
12170		-02:12:02,340 ~-~-> 02:12:03,870
12171		-good luck and good trading.