ICT-WENT-05.srt
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ICT: Folks, we are in the final
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installment for the what every new and
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aspiring forex trader wants to know,
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review the last four years of so I'm
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really condensed a lot of material. And
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it's not intended to replace going
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through all the old material but it's
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simply a means for me to get you back up
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to speed with the core essential tenants
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to what I use when I do my trading, my
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analysis concepts and how I arrive at
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the ideas about the marketplace and in
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what framework I utilize to arrive at
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that, that opinion. Before we go into
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the material for this final stage of the
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presentations, It's important to
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understand that this is obviously a much
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of an abbreviated form of study,
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obviously, each one of the components I
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deal with here, and some of the things
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I've left out like traders, Trinity, and
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like the overall pattern, and the
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stinger patterns, all that are unique to
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me and my material. I left those out for
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a reason because I think a majority of
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the participants and and members of our
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community, inner circle trader
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community, they have been exposed to a
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lot of information. And because I've
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been involved with trading for 20 years,
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I have a lot of tools in my repertoire.
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But not every tool is applicable to
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every trader. And I'm cognizant of that
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and much more. So now because of The
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large degree of feedback I've received
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from the participants in the study of my
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material, I am guilty of wanting to
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share everything and sometimes much
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faster even though it doesn't seem like
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it's going fast for a lot of you, it
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takes a lot of time to digest this
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material. And it's, it's foolish to
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think just simply having a video to
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watching and then suddenly sitting in
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front of your charts, you're just going
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to be a Maven, and just go in here and
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start taking out pips and you know, and
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just roll in the markets. And that's not
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how it works. You have to have certain
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tools and applications that resonate
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very close to your own persona and your
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psyche as a trader. And what I did was
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is I went back to the core roots of all
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of my success and it just simply goes
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back to support resistance,
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understanding macro, fundamental, driven
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trends which are higher timeframe based
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only at monthly, weekly, daily. And by
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having that as your foundation, a lot of
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the shorter term timeframe, analysis
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concepts will be much more accurate,
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much more sensitive to your needs as a
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trader and understanding what it is that
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you are trying to accomplish as a
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trader. The previous sessions we've
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obviously went through a large degree of
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material pertaining to directional
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premise. I think if there's any one
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question I get more sent to me by way of
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Twitter or emails, it's how do I know
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which direction the market is going to
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go today? And while I'm not 100%
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accurate, every single day, my tools
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guide me in a manner where I'm in the
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Upper 90% bracket in terms of
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directional premise, and there's really
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no there's no mystery as to why that is
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simply because I'm disciplined enough
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and I trust the tools To allow the
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adherence to a certain frame of mind
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going into the study of price. At the
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higher time frame trends tend to stay in
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one direction or another for a long
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period of time, there may be minor
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corrections or pauses in between, but
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generally, the macro major trends are
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tides, if you will, those waters tend to
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keep moving in in the same direction for
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a long period of time until they hit a
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greater or equal resistance in terms of
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their support or resistance or to
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political or economic, you know, front
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changes because of you know, something,
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you know, large scale war, something
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like that comes out. The,
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the concepts that we're gonna be
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discussing in this last one will be a
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little bit of combining all this stuff
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together. And a couple other points that
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I didn't bring up earlier, but We're
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going to be much more Paramount now
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because we're gonna be doing a lot more
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of the execution stage of all the tools.
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And the first one I'm talking about is
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risk on or risk off. And if you don't
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know what that is, obviously, in a risk
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on environment, that's typically when
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you see equities stocks and such
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commodities and higher yielding
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currencies, okay, they will tend to
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rally or move higher up in price, while
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the dollar generally will be moving
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down, okay, because it's commonly viewed
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and I hate to say it like this because
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the dollar has been beaten up over the
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last couple decades really, because it's
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really fallen out of favor in terms of a
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lot of the the global countries, they
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don't really have a lot of faith in the
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United States in our economy. And I
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think it's justified in a lot of ways.
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But as it is right now, the greenback
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still is the reserve currency. It may
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not be that way for very long but it's
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it is at The time of this recording in
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2014. If we are expecting firmer prices
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in the dollar, that would equate to a
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risk off scenario. And that would
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translate in the form of lower equity or
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stock prices, lower higher yielding
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foreign currencies and commodity prices
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dropping. Okay and you don't have to go
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crazy and have every single commodity in
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every single stock up in every single
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indicee. Okay for stock index, you just
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need a few and that will give you a
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clear depiction every single day with
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the accompany of the US dollar.
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Obviously what we're showing here is the
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US dollar daily chart. And if you're
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familiar with a lot of my market reviews
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or my commentary, I generally have this
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most often very first thing I talk about
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is the dollar because it is like my
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barometer, it tells me Are we in a
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trending environment? Are we in a
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consolidation environment? Are we in a
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risk on a risk off environment? There's
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a lot of information that is derived by
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this simply understanding the dollar.
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And especially because I trade the
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majors in forex, it's going to be
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paramount in my understanding of where
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price is most likely going to go today,
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if not for the next few days or even
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several months out. Depending upon the
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level of trader, you're going to be if
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you're going to be a long term position
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trader, short term trader swing trader
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or a day trader scalper, it doesn't make
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sense not to at least reference the
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higher timeframe dollar and higher
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timeframe currency pairs that you are
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intending to trade. Okay, having that
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macro view is essential in my opinion,
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to having longevity as a trader and
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obviously the what everybody wants which
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is high accuracy, and directional
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premise, okay, and there's a lot of
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weight placed on directional premise for
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new traders and I Get it. I did the same
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thing I just wanted to know, okay, is it
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going to go up or it's going to go down.
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And you have all heard the story, I
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understood the market only going up when
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I first started never understood that
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you can make money going down. But in
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the currency markets, obviously, you
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know, because we are focusing pretty
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much on the foreign exchange or Forex
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markets. And this in a series, the
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things that I'm discussing here
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are pretty much universal, they apply to
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every asset class that is tradable.
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Okay, and you can use these ideas in
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those other asset classes and your
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trading. There are a few things that are
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sensitive to the cable which is the
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British Pound USD pair and the fiber
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which is a Euro USD pair. Some of them
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are time of day. And while the London
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session, which is again I'll refer to
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times in my own local time zone, so
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you'll have to translate that Where you
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are in relationship to me around the
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globe, because it's too difficult for me
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to keep track of all you guys out there
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and try to figure out what you should be
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setting your charts up for and what time
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it would be. You know, in respect to
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what I'm doing, okay, so when I say two
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o'clock in the morning, and four o'clock
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in the morning, okay, that's like the
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sweet spot ICT kill zone for London
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open. Now, obviously, it could start an
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hour before that. Or it could last as
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long as 5am New York time against all
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New York standard. My Local United
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States, North America, East Coast time.
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Okay. So the easiest way to do it is set
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a clock. Get yourself a little, you
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know, desktop application, you can phone
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your computer. smartphones, you can put
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a world clock on. I had every world
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clock for the say the asian session, the
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Sydney session, the Frankfort session. I
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have I basically have all the major
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timezone on my world clock on my iPhone.
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And I just look at certain times of the
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day when certain moves take place. And
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you can do that same thing by just
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simply saying, Okay, look, this is ICT
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zone. Okay, this is what this is what
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Michaels viewing in terms of price
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action. You don't have to continue doing
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that for years from now. Okay,
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obviously, if you're trying to learn my
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understanding of the marketplace and my
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concepts, it'll be a lot easier for you
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to get in sync with me, because I'm on
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New York time. So everything that I view
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the marketplace, as in deference to time
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will be hinged upon what time is it in
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New York. I live in Maryland, but I'm in
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the timezone that New York is UTIs. So
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now, let's talk about risk on and risk
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off. Okay, assume for a moment that when
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we discuss risk on scenarios, that would
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be indicative of price. action like
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this. Okay when risk on is in the
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marketplace, okay, you'll see the dollar
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falling. Okay. When the dollar rallies,
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anytime the price of the dollar is
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rallying up, depending upon what time
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frame you're referring to, obviously
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this is a daily chart, this would be a
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swing, okay in between this low and this
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high, this would be classified as a risk
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off scenario. Okay? Risk off would be
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the dollar rallying. Now when this
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occurs, okay imagine a children's
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playground apparatus, okay, we probably
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all wrote one of the children as a
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child, one child gets on one end of the
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seesaw and another child gets on the
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other end of the seesaw. Okay, and what
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will happen is the two children will
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press off the ground and make the other
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one rise up and back and forth goes on.
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Well, that seemed tearing effect, okay.
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It's like a scale as well. If the dollar
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goes up, foreign currencies go down,
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okay? If the dollar goes down, foreign
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currencies go up. It's very, very simple
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but many times new traders that are
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first introduced to risk on risk off,
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00:12:11,700 --> 00:12:13,680
they overcomplicate it and they try to
268
00:12:13,710 --> 00:12:15,600
make more than it really is. But the
269
00:12:15,600 --> 00:12:17,430
easiest way to understand it is if the
270
00:12:17,430 --> 00:12:20,280
dollar is going up everything else,
271
00:12:20,490 --> 00:12:22,890
whether it be equities, whether it be
272
00:12:23,760 --> 00:12:27,180
foreign currencies, commodities, okay?
273
00:12:27,480 --> 00:12:28,980
Those will be going the opposite
274
00:12:28,980 --> 00:12:31,110
direction. Okay. And the easiest way to
275
00:12:31,110 --> 00:12:34,500
understand it is risk on is when dollar
276
00:12:34,500 --> 00:12:37,260
goes down. Okay? And that's basically a
277
00:12:37,260 --> 00:12:41,550
flight from the dollar into a higher
278
00:12:41,550 --> 00:12:44,970
yield seeking asset class. Okay? Because
279
00:12:44,970 --> 00:12:47,010
it's viewed as more risky and the dollar
280
00:12:47,010 --> 00:12:48,870
is a safe haven and I say that with
281
00:12:48,870 --> 00:12:50,460
tongue in cheek obvious. I know most of
282
00:12:50,460 --> 00:12:52,230
you who are, are thinking the same thing
283
00:12:52,230 --> 00:12:55,380
I do. The dollar is nowhere near the
284
00:12:55,380 --> 00:12:57,750
degree of benchmark like it used to be
285
00:12:57,750 --> 00:13:01,800
but as it were, If the dollar is going
286
00:13:01,860 --> 00:13:04,350
up, okay, that's going to be a risk off
287
00:13:04,350 --> 00:13:06,810
scenario. And it's going to equate to
288
00:13:06,810 --> 00:13:08,790
seeing lower stock prices, commodity
289
00:13:08,790 --> 00:13:10,950
prices will be declining and foreign
290
00:13:10,950 --> 00:13:12,630
currencies will be declining, okay. So
291
00:13:12,630 --> 00:13:15,180
there's going to be a vice versa effect.
292
00:13:15,540 --> 00:13:17,430
And that's the reason why I studied the
293
00:13:17,430 --> 00:13:20,130
dollar first because it will give me the
294
00:13:20,130 --> 00:13:22,320
beginning point or foundation for
295
00:13:22,320 --> 00:13:24,420
understanding where the marketplace as a
296
00:13:24,420 --> 00:13:27,960
whole should go. Okay, now, is it right
297
00:13:27,960 --> 00:13:31,050
to the minute every time? No, okay, but
298
00:13:31,050 --> 00:13:32,610
again, that's, that's the benefit of
299
00:13:32,610 --> 00:13:34,170
using these higher timeframe charts,
300
00:13:34,440 --> 00:13:36,630
monthly, weekly, daily, is because those
301
00:13:36,630 --> 00:13:39,600
trends, there's macro trends. They tend
302
00:13:39,600 --> 00:13:41,430
to exist for a long period of time and
303
00:13:41,430 --> 00:13:45,570
it takes something with a real large
304
00:13:45,570 --> 00:13:48,180
impact on price to cause it to stop
305
00:13:48,180 --> 00:13:50,610
pause or even altogether reverse. Okay,
306
00:13:50,610 --> 00:13:53,490
so I'm trying to teach you the
307
00:13:53,490 --> 00:13:55,680
understanding of trusting the higher
308
00:13:55,680 --> 00:13:57,600
time frame premise, especially when
309
00:13:57,600 --> 00:13:59,310
you're looking at macro trends macro
310
00:13:59,310 --> 00:14:01,380
trends. are going to be arrived at by
311
00:14:01,380 --> 00:14:03,000
looking at high timeframe charts and
312
00:14:03,000 --> 00:14:08,310
looking at asset class to indicee or
313
00:14:08,340 --> 00:14:10,680
dollar based correlations. In other
314
00:14:10,680 --> 00:14:11,670
words, if you're a stock trader,
315
00:14:11,670 --> 00:14:14,160
obviously, if you're if you trade New
316
00:14:14,160 --> 00:14:17,310
York or future American stocks, your
317
00:14:17,310 --> 00:14:19,380
benchmark would be obviously the Dow 30,
318
00:14:19,680 --> 00:14:22,560
the s&p 500 or the NASDAQ 100 Composite
319
00:14:22,560 --> 00:14:25,320
Index, okay. And by looking at those
320
00:14:25,320 --> 00:14:28,890
three indices as a whole, okay, and
321
00:14:28,890 --> 00:14:31,680
applying such things as Dow Theory, if
322
00:14:31,680 --> 00:14:33,390
you're looking at a marketplace that is
323
00:14:33,390 --> 00:14:35,190
poised to go higher in the indices,
324
00:14:35,220 --> 00:14:36,900
that's pretty much good. That's a good
325
00:14:36,900 --> 00:14:38,460
time to be buying a stock. Well, the
326
00:14:38,460 --> 00:14:40,140
same thing happens by looking at the
327
00:14:40,140 --> 00:14:42,870
dollar, but you have to invert it. Okay,
328
00:14:42,960 --> 00:14:45,300
so if the dollar is poised to rally,
329
00:14:45,720 --> 00:14:47,250
okay, it's important that you understand
330
00:14:47,250 --> 00:14:51,510
that if you start looking to buy foreign
331
00:14:51,510 --> 00:14:54,570
currencies, okay? You're you're trading
332
00:14:54,630 --> 00:15:01,080
okay? against the undertone of adverse
333
00:15:01,110 --> 00:15:02,580
marketing environment in other words,
334
00:15:02,580 --> 00:15:04,920
you're going to be trading at the lowest
335
00:15:04,920 --> 00:15:07,350
probability for that move to occur
336
00:15:07,350 --> 00:15:09,510
because the dollar if it's poised to go
337
00:15:09,510 --> 00:15:11,100
higher, what does that translate to in
338
00:15:11,100 --> 00:15:13,410
foreign currencies, lower foreign
339
00:15:13,410 --> 00:15:16,110
currency prices. Okay, so let's look at
340
00:15:16,110 --> 00:15:18,870
an example and actually have some notes
341
00:15:18,900 --> 00:15:21,870
on this chart as it were because I did a
342
00:15:21,870 --> 00:15:24,780
live session here about a week ago and I
343
00:15:24,780 --> 00:15:26,940
made some comments about where I think
344
00:15:26,940 --> 00:15:28,710
the dollar was going to go into behavior
345
00:15:28,710 --> 00:15:31,080
I expected and some of you that were in
346
00:15:31,080 --> 00:15:32,640
the live session obviously will will
347
00:15:32,670 --> 00:15:34,170
recognize these lines and what I was
348
00:15:34,170 --> 00:15:38,460
doing but this level here Okay, this is
349
00:15:38,460 --> 00:15:40,350
a resistance level price was unable to
350
00:15:40,380 --> 00:15:41,970
break above that and I was using a lot
351
00:15:41,970 --> 00:15:43,590
of the wicks and the bodies of the
352
00:15:43,590 --> 00:15:45,240
candles as reference points. Okay, so I
353
00:15:45,240 --> 00:15:46,680
use the two bodies of the candles and,
354
00:15:46,950 --> 00:15:50,640
and the wicks. Looking at this level
355
00:15:50,640 --> 00:15:52,770
here, we broke through it a week ago,
356
00:15:53,130 --> 00:15:54,990
and midweek and then came back down on
357
00:15:54,990 --> 00:15:57,630
the previous week's Friday. And I was
358
00:15:57,630 --> 00:15:59,820
noting these levels here, this level and
359
00:15:59,820 --> 00:16:01,230
this level. So if we broke through and
360
00:16:01,230 --> 00:16:02,730
came back down, it would most likely
361
00:16:02,730 --> 00:16:04,890
find some support here, or find some
362
00:16:04,890 --> 00:16:06,360
support here. So as that's the reason
363
00:16:06,360 --> 00:16:08,520
why we have this little thing here I
364
00:16:08,520 --> 00:16:10,110
drew. So let's get this off because it's
365
00:16:10,110 --> 00:16:16,020
probably confusing you. Okay, and this
366
00:16:16,020 --> 00:16:18,780
line here is just represent if these two
367
00:16:18,780 --> 00:16:20,550
levels give way, we would come back down
368
00:16:20,550 --> 00:16:22,170
to this level and expect some sort of
369
00:16:22,170 --> 00:16:24,780
support to come underway. Now, when
370
00:16:24,780 --> 00:16:26,220
price comes back down to this level,
371
00:16:26,220 --> 00:16:28,110
even though it sweeps below it previous
372
00:16:28,110 --> 00:16:30,000
Friday, look where it closes, it closes
373
00:16:30,000 --> 00:16:31,620
right at that same level. And then when
374
00:16:31,620 --> 00:16:33,960
Sunday we had an unchanged event, we had
375
00:16:33,960 --> 00:16:35,370
a little bit of movement, try to push
376
00:16:35,370 --> 00:16:37,170
above it again here on Monday, and then
377
00:16:37,170 --> 00:16:39,690
Tuesday, we had the rally. And now here
378
00:16:39,690 --> 00:16:41,850
it is today wednesday. Prices now
379
00:16:41,850 --> 00:16:43,230
started to recede, but it did trade
380
00:16:43,230 --> 00:16:46,050
higher. This environment right here
381
00:16:46,050 --> 00:16:47,910
where price comes down to an expected
382
00:16:47,910 --> 00:16:50,280
level support. Your mind should be
383
00:16:50,280 --> 00:16:52,620
thinking, Okay, we're in a move that's
384
00:16:52,620 --> 00:16:54,900
been going higher. Okay, we broke up
385
00:16:55,080 --> 00:16:58,140
resistance, this may act as support. So
386
00:16:58,140 --> 00:17:00,000
again, what's that translate for?
387
00:17:01,289 --> 00:17:03,659
Risk more risk off? Well, if we think if
388
00:17:03,779 --> 00:17:05,609
price comes to this level here and
389
00:17:05,609 --> 00:17:08,729
bounces higher, okay? That's implying
390
00:17:08,729 --> 00:17:10,559
that we're going to expect the US dollar
391
00:17:10,559 --> 00:17:13,679
to rally that is going to be what risk
392
00:17:13,679 --> 00:17:16,829
on or risk off, it's going to be risk
393
00:17:16,829 --> 00:17:19,889
off because when there's less risk
394
00:17:19,919 --> 00:17:23,099
taking to be made in the environments of
395
00:17:23,099 --> 00:17:26,069
speculation, the dollar will be bought,
396
00:17:26,159 --> 00:17:27,419
okay? There's gonna be a flight to
397
00:17:27,419 --> 00:17:29,819
quality. Okay, that's what it's what I'm
398
00:17:29,819 --> 00:17:31,289
not gonna argue with me guys this this
399
00:17:31,289 --> 00:17:33,569
way it's called, okay. So whether you
400
00:17:33,569 --> 00:17:35,639
want to refer the dollars being quality
401
00:17:35,639 --> 00:17:38,399
aspect or not, it's that's what it is.
402
00:17:38,429 --> 00:17:40,919
So, a flight to quality sees firmer
403
00:17:40,919 --> 00:17:43,619
prices in $1 and that will translate to
404
00:17:43,619 --> 00:17:47,309
a lower move or sell signals, if you
405
00:17:47,309 --> 00:17:49,709
will, in the foreign currencies. Now,
406
00:17:49,739 --> 00:17:51,689
again, because I trade the majors,
407
00:17:52,109 --> 00:17:55,079
that's the British Pound USD, the Euro
408
00:17:55,079 --> 00:17:58,649
USD once in a while, once in a while,
409
00:17:58,649 --> 00:18:01,529
I'll trade Canadian Dollar or Aussie
410
00:18:01,529 --> 00:18:04,109
dollar, okay. But generally I'll trade
411
00:18:04,259 --> 00:18:06,749
you know, just a fiber fiber and cable.
412
00:18:08,129 --> 00:18:10,169
But now understanding the relationship
413
00:18:10,409 --> 00:18:13,709
to this, when we come down to a support
414
00:18:13,709 --> 00:18:16,619
level like this, that means on Friday
415
00:18:16,649 --> 00:18:17,879
when we trade it back down to that level
416
00:18:17,879 --> 00:18:20,819
from Friday, Sunday, Monday, Tuesday,
417
00:18:21,209 --> 00:18:24,539
okay? in that in that area, okay? What
418
00:18:24,539 --> 00:18:27,029
we're looking for is cell scenarios to
419
00:18:27,029 --> 00:18:30,149
occur in fiber and cable. Okay. So
420
00:18:30,149 --> 00:18:32,609
again, to reiterate this, we're looking
421
00:18:32,609 --> 00:18:34,139
at the price that was above it on
422
00:18:34,139 --> 00:18:35,819
Thursday, the week before this
423
00:18:35,819 --> 00:18:38,309
recording, price comes down on Friday
424
00:18:38,549 --> 00:18:40,439
trades through it then comes right back
425
00:18:40,439 --> 00:18:43,199
to it and closes. Okay, so as early as
426
00:18:43,199 --> 00:18:48,359
Friday of last week, and the basically
427
00:18:48,359 --> 00:18:50,729
August 1 of 2014. We're actually going
428
00:18:50,729 --> 00:18:54,299
to refer to date. Then, Sunday's
429
00:18:54,299 --> 00:18:57,059
opening, and then Monday's trading. And
430
00:18:57,059 --> 00:18:59,399
then, Tuesday's trading, and then
431
00:18:59,399 --> 00:19:01,109
today's Wednesday. Bass trading, okay,
432
00:19:01,229 --> 00:19:03,029
and the time of this recording is the
433
00:19:03,029 --> 00:19:06,809
sixth of August. And let's take a look
434
00:19:06,839 --> 00:19:09,749
at what that looks like in reference to
435
00:19:09,749 --> 00:19:14,819
the cable. We're going to zoom in and
436
00:19:14,819 --> 00:19:16,529
make you really understand what's going
437
00:19:16,529 --> 00:19:18,179
on and how to incorporate this
438
00:19:18,179 --> 00:19:20,819
information. Okay, so we have this is
439
00:19:20,819 --> 00:19:22,289
Wednesday's trading is the daily chart
440
00:19:22,289 --> 00:19:24,899
of the British Pound USD. This is
441
00:19:24,929 --> 00:19:27,359
Tuesday's trading, Monday's trading.
442
00:19:29,849 --> 00:19:32,279
Sunday's trading. Friday's trading.
443
00:19:32,609 --> 00:19:38,999
Okay, so in here we have price. We draw
444
00:19:38,999 --> 00:19:43,139
a little line here. Okay, right in here.
445
00:19:45,719 --> 00:19:46,559
This level
446
00:19:52,830 --> 00:19:56,430
Good grief work with me here. Okay.
447
00:19:58,440 --> 00:20:01,110
Wednesday, Tuesday. Monday Sunday
448
00:20:01,110 --> 00:20:05,910
Friday, okay, right in here this down
449
00:20:05,910 --> 00:20:07,920
move this down move right in here
450
00:20:08,700 --> 00:20:13,170
correlates with the previous week. Okay
451
00:20:13,170 --> 00:20:16,740
the previous week in the dollar right
452
00:20:16,740 --> 00:20:19,050
here when price came down right in here
453
00:20:19,920 --> 00:20:22,740
that began the hunting ground if you
454
00:20:22,740 --> 00:20:24,510
will, to start looking for sell
455
00:20:24,510 --> 00:20:27,240
scenarios in the cable and fiber and
456
00:20:27,240 --> 00:20:28,680
other currencies as well any foreign
457
00:20:28,680 --> 00:20:31,890
currency okay against the dollar. If
458
00:20:31,920 --> 00:20:34,650
it's front currency for instance, go
459
00:20:34,650 --> 00:20:36,870
back to the cable. Look up here get the
460
00:20:36,870 --> 00:20:39,300
British Pound USD, if we're expecting
461
00:20:39,300 --> 00:20:42,390
the USD or dollar to rally, okay if the
462
00:20:42,390 --> 00:20:44,190
currency is before the USD in the
463
00:20:44,190 --> 00:20:45,990
pairing, okay, like in this case for
464
00:20:45,990 --> 00:20:48,960
this major, the British Pound should do
465
00:20:48,960 --> 00:20:50,490
what it should decline if the dollar is
466
00:20:50,490 --> 00:20:52,050
going to go up to British pounds gonna
467
00:20:52,050 --> 00:20:54,870
drop so if the front currency in this
468
00:20:54,870 --> 00:20:56,520
case is the British pound, you're going
469
00:20:56,520 --> 00:20:59,970
to see selling pressure if the dollar
470
00:21:00,450 --> 00:21:04,080
Find some support here. Okay. Now what
471
00:21:04,080 --> 00:21:05,310
we're going to do is we're going to zoom
472
00:21:05,310 --> 00:21:07,650
in on this day and we're going to, we're
473
00:21:07,650 --> 00:21:08,760
going to look at the relationship
474
00:21:08,760 --> 00:21:10,440
between the two. Okay? And we're going
475
00:21:10,440 --> 00:21:12,840
to really judge with X ray view, is
476
00:21:12,840 --> 00:21:15,780
there really risk on risk off scenarios
477
00:21:15,840 --> 00:21:18,180
underway. Okay, and now explain it as we
478
00:21:18,180 --> 00:21:24,960
get to it. Let's go over to a 15 minute
479
00:21:24,960 --> 00:21:28,530
timeframe. And we'll zoom out a little
480
00:21:28,530 --> 00:21:35,760
bit. A little bit more net and let's
481
00:21:35,760 --> 00:21:38,010
take this scroll off because it's gonna
482
00:21:39,510 --> 00:21:44,340
mess with me. Alright, so here we have
483
00:21:44,490 --> 00:21:46,260
price trading lower and let's take
484
00:21:46,260 --> 00:21:48,990
these. This is Sunday trading in here.
485
00:21:49,230 --> 00:21:51,420
This is previous week's Friday, and this
486
00:21:51,420 --> 00:21:53,640
is the new week Monday. Okay, so we have
487
00:21:53,640 --> 00:21:54,900
that in reference that can take this off
488
00:21:54,900 --> 00:21:59,100
now. In here, this down move in here,
489
00:21:59,100 --> 00:22:02,220
this sell signal Look what happens. You
490
00:22:02,220 --> 00:22:06,330
have a high, a low and a rally up. Okay?
491
00:22:06,660 --> 00:22:08,400
in here this is how we look for the
492
00:22:08,400 --> 00:22:11,010
patterns. When the scenarios poised to
493
00:22:11,010 --> 00:22:14,160
unfold with firmer dollar. We should see
494
00:22:14,160 --> 00:22:16,770
weaker prices in cable. Okay, we're in
495
00:22:16,770 --> 00:22:19,440
this case British Pound USD. When we
496
00:22:19,440 --> 00:22:21,150
have that environment what we'd start to
497
00:22:21,150 --> 00:22:24,390
do is we apply specifics like time of
498
00:22:24,390 --> 00:22:27,120
day, okay and here is the beginning of
499
00:22:27,120 --> 00:22:30,510
that day is zero GMT. This candles high
500
00:22:30,510 --> 00:22:35,190
right in here is eight GMT and at 815
501
00:22:35,190 --> 00:22:36,690
GMT is actually the highest one right in
502
00:22:36,690 --> 00:22:40,770
here at 815 GMT. That is what I teach is
503
00:22:41,040 --> 00:22:45,330
the ICT London open kill zone. Okay now
504
00:22:45,330 --> 00:22:47,040
kill zone is a pocket of time typically
505
00:22:47,040 --> 00:22:48,930
about three hours long. London's a
506
00:22:48,930 --> 00:22:50,910
little bit wider because this is a lot
507
00:22:50,910 --> 00:22:52,230
of activity going on. So a lot of
508
00:22:52,230 --> 00:22:56,910
overlay from previous days. Trading from
509
00:22:56,910 --> 00:22:58,710
New York going into Asia, there's a lot
510
00:22:58,710 --> 00:23:00,300
of highs and lows to be retraced into
511
00:23:00,300 --> 00:23:01,950
maybe time maintains blown out during
512
00:23:01,950 --> 00:23:04,650
Frankfurt or early London open. And that
513
00:23:04,650 --> 00:23:06,600
will usually cause the daily higher low
514
00:23:06,600 --> 00:23:08,490
to form. Now in this case, obviously the
515
00:23:08,490 --> 00:23:10,800
highs a little bit earlier in, in during
516
00:23:10,800 --> 00:23:12,510
asian session, but nonetheless we have a
517
00:23:12,510 --> 00:23:16,110
very tradable high at the key timeframe
518
00:23:16,170 --> 00:23:19,050
of the ICT London open kill zone. Now
519
00:23:19,050 --> 00:23:24,960
again, my charts here are GMT obviously,
520
00:23:25,380 --> 00:23:31,980
but 70 GMT, which is equivalent to like
521
00:23:31,980 --> 00:23:36,960
2am my time in New York. And nine GMT is
522
00:23:36,960 --> 00:23:41,040
like 4pm my time so between seven and
523
00:23:41,040 --> 00:23:43,770
nine GMT that's typically where your
524
00:23:43,770 --> 00:23:46,110
higher low during London really forms
525
00:23:46,140 --> 00:23:47,520
Okay, so if you really bracket out that
526
00:23:47,520 --> 00:23:50,370
much time, over a long sample size of
527
00:23:50,370 --> 00:23:52,890
data you're going to see multiple times
528
00:23:53,100 --> 00:23:54,600
per week you're going to see the higher
529
00:23:54,600 --> 00:23:56,490
low for that particular day will occur
530
00:23:56,520 --> 00:23:58,770
between those specific time posts, if
531
00:23:58,770 --> 00:24:00,000
you will. So if you've got started
532
00:24:00,000 --> 00:24:01,890
bracket out your time on your charts,
533
00:24:01,920 --> 00:24:03,540
you'll be able to do that and see very
534
00:24:03,540 --> 00:24:05,820
clearly when highs and lows form. Now
535
00:24:05,820 --> 00:24:08,010
what that understanding, okay, but then
536
00:24:08,010 --> 00:24:09,420
understanding we can start now
537
00:24:09,660 --> 00:24:13,590
increasing the level of accuracy by
538
00:24:13,590 --> 00:24:16,230
having this insight of risk on risk off.
539
00:24:17,370 --> 00:24:18,990
And what I'm going to do is now to add a
540
00:24:18,990 --> 00:24:24,420
period separator and what I'm going to
541
00:24:24,420 --> 00:24:27,690
do is I'm going to add it to five GMT.
542
00:24:28,380 --> 00:24:29,640
And what that's going to be is midnight
543
00:24:29,640 --> 00:24:33,840
to my my time, okay? And it's very, very
544
00:24:33,840 --> 00:24:35,550
light, I know but it's right here, this
545
00:24:35,550 --> 00:24:38,790
vertical line. Okay, and what I'll do is
546
00:24:38,790 --> 00:24:39,840
now I'm going to zoom in a little bit
547
00:24:39,900 --> 00:24:40,410
more.
548
00:24:44,100 --> 00:24:46,950
Right in here is Midnight in New York.
549
00:24:47,160 --> 00:24:50,130
Now that's what I call the new day. Now
550
00:24:50,130 --> 00:24:51,420
obviously, there's trading prior to
551
00:24:51,420 --> 00:24:53,160
that, okay, but I call that the asian
552
00:24:53,160 --> 00:24:56,160
session or Asian range. Asia goes a
553
00:24:56,160 --> 00:24:58,740
little bit farther, but obviously I look
554
00:24:58,740 --> 00:25:01,980
at this vertical line or delineation of
555
00:25:02,160 --> 00:25:03,930
midnight, New York as my beginning
556
00:25:03,930 --> 00:25:06,240
marker, it's this denotes the new day to
557
00:25:06,240 --> 00:25:09,060
me, what you'll want to see is if you're
558
00:25:09,060 --> 00:25:11,820
expecting, again, the dollar was at that
559
00:25:11,820 --> 00:25:15,420
time trading at a support level, okay,
560
00:25:15,420 --> 00:25:17,070
or what we would expect to see support.
561
00:25:17,190 --> 00:25:18,720
So that would be a risk off scenario
562
00:25:18,720 --> 00:25:20,700
dollar rally in foreign currencies going
563
00:25:20,700 --> 00:25:22,920
lower. What we'll expect, what you'll
564
00:25:22,920 --> 00:25:25,050
expect to see happen is specific times
565
00:25:25,050 --> 00:25:27,780
of the day will translate into setups,
566
00:25:27,930 --> 00:25:30,630
okay? You have a key high here, okay,
567
00:25:30,630 --> 00:25:32,370
little, little short term swing high in
568
00:25:32,370 --> 00:25:35,400
here. Watch what happens when you take
569
00:25:35,400 --> 00:25:38,640
your fib and the low prior to this
570
00:25:38,670 --> 00:25:40,590
vertical line here. You what you're
571
00:25:40,590 --> 00:25:42,000
going to be expecting is you want to see
572
00:25:42,000 --> 00:25:44,160
a rally. Okay, you want to see a rally
573
00:25:44,160 --> 00:25:47,040
after midnight New York, because that
574
00:25:47,040 --> 00:25:50,130
rally is the sucker play, that neophyte
575
00:25:50,130 --> 00:25:53,280
traders get lulled into believing that
576
00:25:53,280 --> 00:25:55,650
this is a buying opportunity. Okay, and
577
00:25:55,650 --> 00:25:57,360
let's zoom in a little bit more just for
578
00:25:57,360 --> 00:26:02,460
clarity. Yeah, right, yeah. So we have
579
00:26:02,460 --> 00:26:04,980
this high here and the low prior to the
580
00:26:04,980 --> 00:26:08,760
move going up. Now move up at the New
581
00:26:08,760 --> 00:26:11,040
York, midnight time, which is five GMT.
582
00:26:12,210 --> 00:26:13,980
Again, easiest way for you guys to do is
583
00:26:13,980 --> 00:26:16,620
set a clock of some shape or form in
584
00:26:16,620 --> 00:26:18,210
where you're at as a trader, okay, put
585
00:26:18,210 --> 00:26:19,440
an extra computer, put it on your
586
00:26:19,440 --> 00:26:21,390
computer, put it on your phone, put it
587
00:26:21,390 --> 00:26:22,530
somewhere, whenever you're watching my
588
00:26:22,530 --> 00:26:24,480
videos, or when you start watching my
589
00:26:24,480 --> 00:26:25,710
live sessions, when we start doing this
590
00:26:25,710 --> 00:26:27,720
stuff over the shoulder, you'll it'll
591
00:26:27,720 --> 00:26:28,920
obviously make a whole lot more sense
592
00:26:29,010 --> 00:26:30,360
because you'll see it but if you can't
593
00:26:30,360 --> 00:26:31,620
watch the live sessions as they're
594
00:26:31,620 --> 00:26:32,550
occurring, when you watch the
595
00:26:32,550 --> 00:26:34,560
recordings, it's not gonna make any
596
00:26:34,560 --> 00:26:36,330
sense to you unless you have the exact
597
00:26:36,330 --> 00:26:38,580
times lined up with your charts. And if
598
00:26:38,580 --> 00:26:40,890
you only do one or two trading sessions
599
00:26:40,890 --> 00:26:42,720
in London per week, if you trade like
600
00:26:42,720 --> 00:26:43,800
this, that's all you need. You don't
601
00:26:43,800 --> 00:26:46,290
need to do every single day. But we're
602
00:26:46,290 --> 00:26:48,330
understanding that we are in an
603
00:26:48,330 --> 00:26:50,940
environment where cable or British Pound
604
00:26:50,940 --> 00:26:54,060
USD should decline if the dollar is
605
00:26:54,060 --> 00:26:56,610
going to find some support. Okay? Now
606
00:26:56,640 --> 00:26:58,500
what will happen is you'll see the price
607
00:26:58,500 --> 00:27:03,810
rally up After Midnight now when will
608
00:27:03,810 --> 00:27:06,300
the signal occur as it starts to rally
609
00:27:06,330 --> 00:27:08,580
we understand that looking at price
610
00:27:08,580 --> 00:27:10,170
moving the opposite direction is optimal
611
00:27:10,170 --> 00:27:12,540
for entry. You can see that price just
612
00:27:12,540 --> 00:27:13,830
fell short of the setting I'm certain
613
00:27:13,830 --> 00:27:15,510
treatment level right in here didn't
614
00:27:15,510 --> 00:27:17,250
quite get there the high on that candle.
615
00:27:17,610 --> 00:27:20,190
It's just a pip below where the actual
616
00:27:20,190 --> 00:27:22,230
setting onset and retracement level is.
617
00:27:22,770 --> 00:27:25,290
But look at the level of rejection once
618
00:27:25,290 --> 00:27:27,000
it gets that level boom takes off and
619
00:27:27,000 --> 00:27:29,460
trades the other direction. Okay. So by
620
00:27:29,460 --> 00:27:31,710
having this simple approach to using the
621
00:27:31,710 --> 00:27:33,810
fib and using the ICT optimal trade
622
00:27:33,810 --> 00:27:36,270
entry or ot E which is simply just
623
00:27:36,270 --> 00:27:38,970
looking for a minimum of 62% retracement
624
00:27:39,360 --> 00:27:41,490
as much as 79% retracement and looking
625
00:27:41,490 --> 00:27:43,320
ideally for the sweet spot which is
626
00:27:44,130 --> 00:27:46,890
basically you know the midpoint between
627
00:27:46,890 --> 00:27:50,250
62 and 79. Now I do not use the
628
00:27:50,520 --> 00:27:55,500
classical 78.6 and 61.28 wherever I
629
00:27:55,500 --> 00:27:56,610
don't even know what they are okay, I
630
00:27:56,610 --> 00:27:57,990
don't really care that much. Okay to
631
00:27:57,990 --> 00:27:59,610
know what they are. I just make it very
632
00:27:59,610 --> 00:28:02,040
simple for Me, okay. And some can argue
633
00:28:02,040 --> 00:28:03,240
that, you know, this isn't as accurate
634
00:28:03,240 --> 00:28:05,970
as it should be. But, you know,
635
00:28:06,000 --> 00:28:07,560
whatever, whatever floats your boat.
636
00:28:07,680 --> 00:28:09,750
Bottom line is, is it does enough for
637
00:28:09,750 --> 00:28:12,030
me. And it makes it easier to teach it
638
00:28:12,120 --> 00:28:14,040
this way, and to my children, because
639
00:28:14,040 --> 00:28:18,690
really, you are just beneficiaries of
640
00:28:18,690 --> 00:28:20,190
the resources that I'm actually sharing
641
00:28:20,190 --> 00:28:21,990
with my children. So when I'm talking,
642
00:28:21,990 --> 00:28:24,720
I'm actually talking to my children that
643
00:28:24,720 --> 00:28:27,210
have them in mind. So if sometimes I
644
00:28:27,210 --> 00:28:29,430
come across, over simplifying things,
645
00:28:29,490 --> 00:28:30,810
that's the reason why because I'm
646
00:28:30,810 --> 00:28:32,760
talking to my children. So
647
00:28:34,530 --> 00:28:37,170
understand that I want this is easily
648
00:28:37,170 --> 00:28:39,990
digestible as possible for them. And if
649
00:28:39,990 --> 00:28:41,100
something happens to me, they'll have
650
00:28:41,100 --> 00:28:42,840
these resources to turn back to and
651
00:28:42,870 --> 00:28:43,860
they'll have everything that I have,
652
00:28:43,890 --> 00:28:45,780
hopefully in my mind translated through
653
00:28:46,140 --> 00:28:47,700
these references, these resources and
654
00:28:47,700 --> 00:28:51,570
reference points. But the rallying up
655
00:28:51,780 --> 00:28:53,940
okay, what makes it optimal is there's
656
00:28:54,000 --> 00:28:56,520
there's a large degree for price to not
657
00:28:56,550 --> 00:29:00,450
go very far. Once this free Markets
658
00:29:00,450 --> 00:29:01,740
established and what I mean by that,
659
00:29:02,070 --> 00:29:03,510
well if the dollar is poised to trade
660
00:29:03,510 --> 00:29:05,280
higher or we believe that the dollar
661
00:29:05,280 --> 00:29:08,070
will rally, okay, we want to look for
662
00:29:08,070 --> 00:29:10,650
ideally a sucker play or rally into you
663
00:29:10,650 --> 00:29:12,450
want to sell into this rally. I know it
664
00:29:12,450 --> 00:29:15,480
seems scary, okay? It will seem scary
665
00:29:15,480 --> 00:29:17,850
for a great number of weeks and months
666
00:29:17,880 --> 00:29:20,670
until you understand by desensitizing
667
00:29:20,670 --> 00:29:21,930
yourself over and over and over again
668
00:29:21,930 --> 00:29:22,830
doing the same thing over and over
669
00:29:22,830 --> 00:29:25,380
again, by drills and studying expecting
670
00:29:25,380 --> 00:29:27,450
price to do anticipating price. Not
671
00:29:27,450 --> 00:29:29,640
trading, not demo trading, okay, but
672
00:29:29,640 --> 00:29:31,860
just studying prices, okay? It should
673
00:29:31,860 --> 00:29:33,720
react at this level. It should do this
674
00:29:33,720 --> 00:29:35,310
today into the London session and it
675
00:29:35,310 --> 00:29:36,630
should do this going into New York.
676
00:29:36,810 --> 00:29:39,030
Having these ideas ahead of time will
677
00:29:39,030 --> 00:29:40,740
build your confidence and your
678
00:29:40,740 --> 00:29:42,780
anticipatory skills as a trader, which
679
00:29:42,780 --> 00:29:44,850
is essential. You cannot make money
680
00:29:44,850 --> 00:29:46,680
reacting to the price. Okay, you can't
681
00:29:46,680 --> 00:29:48,750
do that. You have to be anticipatory in
682
00:29:48,750 --> 00:29:51,300
nature as a trader. That way you can I
683
00:29:51,450 --> 00:29:53,640
identify when there's a most likely
684
00:29:54,630 --> 00:29:57,210
phenomenon to unfold, and what is that
685
00:29:57,210 --> 00:29:58,710
phenomena? How does it How does it
686
00:29:59,340 --> 00:30:00,600
repeat itself? What does it look like
687
00:30:00,600 --> 00:30:02,370
before you can identify a repeating
688
00:30:02,370 --> 00:30:03,450
pattern? And that's what we're showing
689
00:30:03,450 --> 00:30:06,720
here. The simple notion of looking for a
690
00:30:06,720 --> 00:30:09,450
rally up after midnight now why is this
691
00:30:09,450 --> 00:30:13,230
important? Okay, I taught a principle,
692
00:30:13,830 --> 00:30:16,080
which is I dubbed as the power three.
693
00:30:16,710 --> 00:30:18,330
And really what it is is a very simple
694
00:30:19,080 --> 00:30:28,950
idea on days that are up. So all since
695
00:30:28,950 --> 00:30:30,960
we're talking about a down move, let's
696
00:30:30,960 --> 00:30:35,100
work with that. If we look at a candle,
697
00:30:35,100 --> 00:30:36,570
and we're going to say this is a whole
698
00:30:36,660 --> 00:30:38,190
full daily range, okay.
699
00:30:39,450 --> 00:30:41,760
Against this graphic depiction of daily
700
00:30:41,760 --> 00:30:44,400
range, I'm not I'm not going to go to a
701
00:30:44,400 --> 00:30:46,020
daily chart and show it to you. But you
702
00:30:46,020 --> 00:30:48,090
will be able to see in in price action
703
00:30:48,090 --> 00:30:50,100
over here. Typically what'll happen is
704
00:30:50,100 --> 00:30:52,830
is price will open up. trade is very,
705
00:30:52,830 --> 00:30:54,930
very little bit above the opening price.
706
00:30:54,930 --> 00:30:56,280
Now, what's the opening price is going
707
00:30:56,280 --> 00:30:57,750
to be the question. Okay, well, there's
708
00:30:57,750 --> 00:30:59,610
two opening prices that I reference.
709
00:30:59,640 --> 00:31:03,060
It's the price at zero GMT and zero I'm
710
00:31:03,060 --> 00:31:05,520
sorry the opening price at five GMT both
711
00:31:05,520 --> 00:31:08,070
of those opening prices are sensitive to
712
00:31:08,070 --> 00:31:10,980
me as a trader I want to see what we do
713
00:31:10,980 --> 00:31:13,470
at those levels okay well how we trade
714
00:31:13,500 --> 00:31:16,620
at above and below is important to me if
715
00:31:16,620 --> 00:31:18,660
the context to my trading idea is the
716
00:31:18,660 --> 00:31:20,820
dollar is rallying okay or poised to
717
00:31:20,820 --> 00:31:23,160
rally I want to see obviously the
718
00:31:23,160 --> 00:31:26,280
opening price in New York midnight time
719
00:31:26,310 --> 00:31:28,560
okay. I don't like to trade during Asia
720
00:31:28,590 --> 00:31:31,110
you can and it's not my point to teach
721
00:31:31,110 --> 00:31:33,150
that in here. It is my point to teach
722
00:31:33,150 --> 00:31:35,400
you that from five GMT which is New York
723
00:31:35,430 --> 00:31:37,680
midnight time. From that point on if
724
00:31:37,680 --> 00:31:38,880
we're poised to trade higher in the
725
00:31:38,880 --> 00:31:40,950
dollar, you're going to expect or
726
00:31:40,950 --> 00:31:43,410
anticipate higher price rallies after
727
00:31:43,410 --> 00:31:46,380
midnight in the foreign currencies like
728
00:31:46,470 --> 00:31:48,630
for instance, the cable here the British
729
00:31:48,630 --> 00:31:49,950
pounds should rally when we see that
730
00:31:49,950 --> 00:31:51,900
rally we do not chase that thinking it's
731
00:31:51,900 --> 00:31:54,450
going to go higher. We look for this we
732
00:31:54,450 --> 00:31:56,970
are we are happy to see this okay.
733
00:31:57,180 --> 00:31:59,010
emotions can be a permitted here because
734
00:31:59,010 --> 00:32:01,080
we are expecting this Unfold, and it
735
00:32:01,080 --> 00:32:03,030
does unfold. Okay. So that's where
736
00:32:03,030 --> 00:32:06,060
emotions are acceptable, we expect this,
737
00:32:06,360 --> 00:32:08,520
this phenomenon to take place, we do not
738
00:32:08,520 --> 00:32:09,810
get excited about taking trades we do
739
00:32:09,810 --> 00:32:11,250
not get excited about over leveraging we
740
00:32:11,250 --> 00:32:13,530
do not expect about anticipate making
741
00:32:13,530 --> 00:32:15,300
money and getting excited about that we
742
00:32:15,300 --> 00:32:16,950
are looking for the phenomenon to
743
00:32:16,950 --> 00:32:18,930
repeat, and then growing in confidence
744
00:32:18,930 --> 00:32:20,580
by seeing this occur over and over
745
00:32:20,580 --> 00:32:22,560
again. But back to our analysis over
746
00:32:22,560 --> 00:32:25,710
here. Understanding that initially,
747
00:32:26,040 --> 00:32:27,720
price will open up and we'll say that
748
00:32:27,720 --> 00:32:30,330
the low this portion of this of this box
749
00:32:30,330 --> 00:32:31,620
is going to be representing the opening
750
00:32:31,620 --> 00:32:34,650
price at the vertical line delineating
751
00:32:34,920 --> 00:32:38,190
Midnight in New York. Okay, price will
752
00:32:38,190 --> 00:32:40,200
open and then whatever it does above the
753
00:32:40,200 --> 00:32:42,270
opening, that's what's important to us.
754
00:32:42,660 --> 00:32:44,640
That's where the signal takes place. The
755
00:32:44,640 --> 00:32:47,280
sell signal will occur above the opening
756
00:32:47,280 --> 00:32:49,530
price. So anything at the opening price
757
00:32:49,530 --> 00:32:52,260
or above that is our selling killing
758
00:32:52,260 --> 00:32:53,940
ground. Okay, the killing ground is
759
00:32:54,000 --> 00:32:56,640
above the opening price. We want to see
760
00:32:56,910 --> 00:32:58,890
that initial little move up above the
761
00:32:58,890 --> 00:33:00,540
opening price Now why is that? Important
762
00:33:00,540 --> 00:33:02,700
mark, because my mentor Larry Williams
763
00:33:02,700 --> 00:33:05,190
said, he wishes he understood how people
764
00:33:05,190 --> 00:33:07,410
could sell up in that upper portion of
765
00:33:07,410 --> 00:33:09,000
daily range and then capture the big
766
00:33:09,000 --> 00:33:11,430
move going lower. Well, if he says he
767
00:33:11,430 --> 00:33:12,930
couldn't do it, I took that as more or
768
00:33:12,930 --> 00:33:14,850
less a challenge that hey, if he can't
769
00:33:14,850 --> 00:33:17,520
do it, I'm gonna see if I can. And I've
770
00:33:17,520 --> 00:33:20,460
spent the last 20 years trying to master
771
00:33:20,460 --> 00:33:24,090
if you will, that very thing and I have
772
00:33:24,090 --> 00:33:26,190
done very well and in terms of getting
773
00:33:26,190 --> 00:33:29,010
very close to deciphering it. I haven't
774
00:33:29,160 --> 00:33:31,500
quite figured it all out yet. But what I
775
00:33:31,500 --> 00:33:33,780
figured out enough, okay is to make a
776
00:33:33,900 --> 00:33:36,630
really wicked living. It's crazy how
777
00:33:36,630 --> 00:33:39,210
much money is available, but in here in
778
00:33:39,210 --> 00:33:41,340
the red portion, the box, okay, this is
779
00:33:41,340 --> 00:33:43,140
going to equate where the sell signal
780
00:33:43,140 --> 00:33:44,280
occurs and we'll talk more about that in
781
00:33:44,280 --> 00:33:46,020
a minute. But your idea is you want to
782
00:33:46,080 --> 00:33:48,780
be selling on a down day or anticipatory
783
00:33:49,560 --> 00:33:51,960
sell selling scenario. Okay, you want to
784
00:33:51,960 --> 00:33:53,550
be getting in here trying to find a sell
785
00:33:53,550 --> 00:33:56,760
signal. Okay. And once you get in it,
786
00:33:56,760 --> 00:33:59,970
you want to anticipate the daily range
787
00:34:00,000 --> 00:34:02,160
Expanding now it'll go up and down
788
00:34:02,160 --> 00:34:04,140
intraday. But as we make a lower low,
789
00:34:04,410 --> 00:34:06,630
that's the daily low intraday. And as it
790
00:34:06,630 --> 00:34:08,580
retraces it'll main times blow through
791
00:34:08,580 --> 00:34:10,770
that new low. And as it retraces again,
792
00:34:10,770 --> 00:34:13,050
it'll blow down lower low and eventually
793
00:34:13,050 --> 00:34:15,960
what will happen is around London close,
794
00:34:16,080 --> 00:34:17,280
okay, which is again, we're gonna
795
00:34:17,280 --> 00:34:19,800
reference New York time, from 10 o'clock
796
00:34:19,800 --> 00:34:23,160
in the morning to noon. Okay, New York
797
00:34:23,160 --> 00:34:26,280
time. That's typically what I classify
798
00:34:26,280 --> 00:34:28,620
as like the London close timeframe. So
799
00:34:28,620 --> 00:34:31,350
the, if we're in a down day, the low of
800
00:34:31,350 --> 00:34:34,320
the day will form between 10am and
801
00:34:34,320 --> 00:34:38,490
11am 70% of the time, but it can go as
802
00:34:38,490 --> 00:34:41,280
late as noon sometimes. And unless
803
00:34:41,280 --> 00:34:43,260
there's a FOMC announcement or something
804
00:34:43,260 --> 00:34:45,810
like that. Those types of events will
805
00:34:45,810 --> 00:34:48,630
cause it to go as late as 1800 GMT, or
806
00:34:48,630 --> 00:34:50,190
two o'clock in the afternoon, New York
807
00:34:50,190 --> 00:34:52,290
time. Okay, so there's your parameters
808
00:34:52,290 --> 00:34:54,000
in terms of time, but what you're
809
00:34:54,000 --> 00:34:55,320
looking for if you want to see that
810
00:34:55,320 --> 00:34:58,050
largest degree of time to permit the
811
00:34:58,050 --> 00:35:00,690
daily rains to unfold Now let's take a
812
00:35:00,690 --> 00:35:02,880
look at what that looks like in this
813
00:35:02,880 --> 00:35:04,440
daily range here. Obviously, we have the
814
00:35:04,440 --> 00:35:05,820
optimal trade entry in here to sell
815
00:35:05,820 --> 00:35:08,640
signals right up here. And I'm going to
816
00:35:09,510 --> 00:35:12,930
rack it out with this little box here,
817
00:35:13,650 --> 00:35:18,840
when price entered the sell zone, okay?
818
00:35:19,380 --> 00:35:21,540
For the optimal trade entry, okay? And
819
00:35:21,540 --> 00:35:24,900
what I'm doing is I'm mapping out this
820
00:35:24,900 --> 00:35:28,410
box, this crude depiction of our daily
821
00:35:28,410 --> 00:35:29,940
range here in a second to like, get the
822
00:35:29,940 --> 00:35:32,580
colors matching like it should. Okay,
823
00:35:32,580 --> 00:35:33,360
right up in here.
824
00:35:34,500 --> 00:35:36,510
This little area here is this point
825
00:35:36,510 --> 00:35:39,660
right here on our idea graphically, what
826
00:35:39,660 --> 00:35:42,150
a down day looks like on a daily range,
827
00:35:42,510 --> 00:35:44,940
okay, this is that right there, okay,
828
00:35:45,300 --> 00:35:48,150
this Maroon portion or the range
829
00:35:48,150 --> 00:35:50,310
expansion or profit release portion of
830
00:35:50,310 --> 00:35:52,710
the down day, where the largest lion's
831
00:35:52,710 --> 00:35:55,260
share of the move occurs, okay. That
832
00:35:55,260 --> 00:35:57,360
will occur from the entry point to
833
00:35:57,360 --> 00:36:02,280
happens in London, open to as As 1800
834
00:36:02,280 --> 00:36:05,340
GMT for FOMC days, okay, or two o'clock
835
00:36:05,340 --> 00:36:07,590
in the afternoon, New York time, okay?
836
00:36:08,640 --> 00:36:11,070
Ideally, the opposite end of the range
837
00:36:11,070 --> 00:36:12,840
or in this case, the low The day will
838
00:36:12,840 --> 00:36:16,410
form between 10 o'clock and 11 o'clock
839
00:36:16,410 --> 00:36:18,420
in the morning New York time, which
840
00:36:18,420 --> 00:36:22,230
translates to 1500 GMT to 1600 GMT.
841
00:36:22,530 --> 00:36:25,770
Okay. But again, you got allow some a
842
00:36:25,770 --> 00:36:28,320
little bit of fudge factor for it may
843
00:36:28,410 --> 00:36:30,240
monkey around till noon, but generally I
844
00:36:30,240 --> 00:36:32,640
think you'll see that if you if you put
845
00:36:32,640 --> 00:36:35,820
the reference points of 1500 to 1600 GMT
846
00:36:35,820 --> 00:36:37,470
or basically 10 o'clock in the morning
847
00:36:37,470 --> 00:36:39,090
till 11 o'clock in the morning, New York
848
00:36:39,090 --> 00:36:41,430
time, that will be the opposite end of
849
00:36:41,430 --> 00:36:43,260
the range of the daily range. In other
850
00:36:43,260 --> 00:36:45,180
words, if the low I'm sorry, if the
851
00:36:45,180 --> 00:36:48,420
highs made in London open, the low of
852
00:36:48,420 --> 00:36:51,630
the day will form between 10 o'clock and
853
00:36:51,630 --> 00:36:53,700
11 o'clock in the morning. Okay, New
854
00:36:53,700 --> 00:36:55,860
York time. And that's pretty much how
855
00:36:56,220 --> 00:36:57,960
the daily ranges unfold. So the market
856
00:36:57,960 --> 00:36:59,850
makers are actually doing their work and
857
00:36:59,850 --> 00:37:02,070
Brad Cutting and capping the market high
858
00:37:02,070 --> 00:37:03,840
and low at the specific times of the
859
00:37:03,840 --> 00:37:05,700
day. And generally volume really
860
00:37:06,060 --> 00:37:08,160
increases in interest. The highest point
861
00:37:08,160 --> 00:37:10,440
here and falls off in the latter portion
862
00:37:10,470 --> 00:37:12,390
of London close in this year is usually
863
00:37:12,390 --> 00:37:14,640
what typically drives the internals
864
00:37:14,640 --> 00:37:20,040
behind why this does occur. So, market
865
00:37:20,040 --> 00:37:25,200
trades down, makes a low right here.
866
00:37:25,710 --> 00:37:27,060
This is the low of the day and this is
867
00:37:27,060 --> 00:37:29,460
an ugly intraday price action, but
868
00:37:29,490 --> 00:37:31,650
still, nonetheless, it'll help us as it
869
00:37:31,650 --> 00:37:33,840
relates to understanding what price
870
00:37:33,870 --> 00:37:38,070
should do and shouldn't do. The big
871
00:37:38,070 --> 00:37:41,820
portion of this graphic depiction of a
872
00:37:41,820 --> 00:37:44,340
daily range, okay, we have the opening
873
00:37:44,640 --> 00:37:45,960
the dilly dally around the opening price
874
00:37:45,960 --> 00:37:47,460
for a little while then rallies up.
875
00:37:47,490 --> 00:37:49,140
That's what we're looking for. That's
876
00:37:49,140 --> 00:37:52,830
the Judas swing. Okay. That's the open
877
00:37:52,860 --> 00:37:55,440
rally decline scenario we'd like to look
878
00:37:55,440 --> 00:37:57,270
for Okay, all right. We're making the
879
00:37:57,450 --> 00:37:59,100
high today first. Now, again, I'm not
880
00:37:59,100 --> 00:38:00,180
going to argue that we didn't Have a
881
00:38:00,180 --> 00:38:03,030
higher, high back here. But I'm
882
00:38:03,060 --> 00:38:05,430
referencing New York midnight time as
883
00:38:05,430 --> 00:38:07,380
the beginning of my new trading day.
884
00:38:08,010 --> 00:38:09,750
Please don't get in arguments with me.
885
00:38:09,780 --> 00:38:11,520
That's not the trading days beginning. I
886
00:38:11,520 --> 00:38:13,230
don't care what your opinion is again. I
887
00:38:13,230 --> 00:38:15,240
mean, it'd be rude, okay, but you're
888
00:38:15,240 --> 00:38:16,920
watching my videos. I'm not, I'm not
889
00:38:16,920 --> 00:38:19,080
subscribing to your views. I make a
890
00:38:19,080 --> 00:38:21,480
living doing this, a lot of it. So it's
891
00:38:21,480 --> 00:38:23,580
important that you understand how I'm
892
00:38:23,640 --> 00:38:26,340
interpreting price. Okay, that's, that's
893
00:38:26,340 --> 00:38:27,600
the whole reason why we're doing this,
894
00:38:27,600 --> 00:38:30,030
okay. It's not for me to learn from
895
00:38:30,030 --> 00:38:32,730
anyone else. I'm, I've arrived at what I
896
00:38:32,730 --> 00:38:35,190
understand in markets. So I'm
897
00:38:35,190 --> 00:38:37,080
comfortable with that. I'm not forcing
898
00:38:37,080 --> 00:38:39,330
my views. I'm not forcing you to do this
899
00:38:39,330 --> 00:38:42,780
only. It's up to your interpretation and
900
00:38:42,780 --> 00:38:44,370
whether or not it's valid or not, okay,
901
00:38:44,370 --> 00:38:47,040
and I, I challenge you to, to put it to
902
00:38:47,040 --> 00:38:50,370
its test. You'll see while it's not 100%
903
00:38:50,370 --> 00:38:52,890
and nothing ever is, this will give you
904
00:38:52,890 --> 00:38:54,450
exactly what you're looking for. And
905
00:38:54,450 --> 00:38:55,710
that's the reason why I open up these
906
00:38:55,710 --> 00:38:57,330
videos with that statement. I know
907
00:38:57,330 --> 00:38:59,220
exactly what you're looking for. It's
908
00:38:59,220 --> 00:39:01,500
with every trader. Looking for, but no
909
00:39:01,500 --> 00:39:04,740
one is willing to, you know basically
910
00:39:05,490 --> 00:39:08,580
withdraw from their treasured views and
911
00:39:08,580 --> 00:39:10,410
ideas and their techniques and their
912
00:39:10,410 --> 00:39:13,500
applications of indicators. If you just
913
00:39:13,620 --> 00:39:15,660
put that aside for a moment, okay and
914
00:39:15,660 --> 00:39:16,740
it's I know it's difficult because
915
00:39:16,740 --> 00:39:18,090
you're passionate about what you already
916
00:39:18,690 --> 00:39:20,490
believe you understood about the market
917
00:39:20,520 --> 00:39:23,640
okay? When you remove all that stuff,
918
00:39:23,670 --> 00:39:25,740
okay and I'm being nice by saying stuff
919
00:39:26,160 --> 00:39:30,090
get to the core root of why price moves
920
00:39:30,090 --> 00:39:32,040
like it does and when it does, okay and
921
00:39:32,040 --> 00:39:33,990
who's doing the movement Okay, then it
922
00:39:33,990 --> 00:39:36,900
becomes a suddenly you know, much easier
923
00:39:37,020 --> 00:39:39,300
environment to work within. Okay, so
924
00:39:39,300 --> 00:39:40,860
let's get back to this example here and
925
00:39:40,890 --> 00:39:43,830
opening up in here into the price above
926
00:39:43,860 --> 00:39:45,420
the movement above the opening price at
927
00:39:45,420 --> 00:39:47,520
midnight. Okay, that's the classical
928
00:39:47,700 --> 00:39:50,670
London open ICT sell scenario. Okay, we
929
00:39:50,670 --> 00:39:54,900
are expecting a bounce. Based on this
930
00:39:54,900 --> 00:39:56,370
level up here we broke through
931
00:39:56,880 --> 00:39:58,740
resistance broken later turns support.
932
00:39:58,740 --> 00:40:01,470
This was noted When the price ran
933
00:40:01,470 --> 00:40:04,440
through here, live, not this day, not
934
00:40:04,440 --> 00:40:06,690
this day. Not this day, not now. Okay?
935
00:40:06,870 --> 00:40:08,640
This was all on the chart in a live
936
00:40:08,640 --> 00:40:11,130
session with witnesses that I expected
937
00:40:11,130 --> 00:40:14,070
this environment to unfold. Okay. So
938
00:40:14,070 --> 00:40:16,170
again, understanding risk on risk off.
939
00:40:16,380 --> 00:40:18,090
This would be a risk off scenario if we
940
00:40:18,090 --> 00:40:20,580
anticipate a bounce at that level. Going
941
00:40:20,580 --> 00:40:21,990
back to our cable, we're looking for
942
00:40:21,990 --> 00:40:24,870
sell scenarios. Okay, so now, what does
943
00:40:24,870 --> 00:40:26,100
that look like? Well, it's going to be a
944
00:40:26,100 --> 00:40:28,740
down date in a move that is going lower
945
00:40:28,800 --> 00:40:31,140
if you look at daily charts, okay. daily
946
00:40:31,140 --> 00:40:32,940
charts will show this.
947
00:40:33,960 --> 00:40:36,540
Let's pull up a virgin chart here on a
948
00:40:36,540 --> 00:40:41,730
cable. And we'll just do a daily with
949
00:40:41,730 --> 00:40:46,950
the open High, Low close. And I notice
950
00:40:46,950 --> 00:40:48,600
it's probably alien to most of you,
951
00:40:48,600 --> 00:40:52,560
you're all been indoctrinated to the
952
00:40:52,560 --> 00:40:56,070
world of candlesticks, but yeah, it is
953
00:40:56,070 --> 00:40:58,080
what it is a guess. Let's go to a daily
954
00:40:58,080 --> 00:40:58,500
chart.
955
00:41:05,220 --> 00:41:08,190
Okay, and this is Wednesday, Tuesday,
956
00:41:08,220 --> 00:41:11,130
Monday, Sunday, Friday. This is the
957
00:41:11,130 --> 00:41:12,990
environment that I was just describing.
958
00:41:15,480 --> 00:41:18,990
Go out here and zoom out. We are this
959
00:41:18,990 --> 00:41:21,060
opening scene a little bit of a movement
960
00:41:21,060 --> 00:41:23,610
above. Okay? The reason why it's showing
961
00:41:23,610 --> 00:41:25,110
just very little movement above the
962
00:41:25,110 --> 00:41:26,760
opening is because this opening price is
963
00:41:26,760 --> 00:41:28,560
referencing the opening price at zero
964
00:41:28,560 --> 00:41:32,820
GMT. Okay. But the overall pattern,
965
00:41:32,880 --> 00:41:34,980
okay, what I was describing in my
966
00:41:35,010 --> 00:41:37,140
graphic depiction is this really, okay,
967
00:41:37,140 --> 00:41:39,960
you see the opening, trades up this up
968
00:41:39,960 --> 00:41:43,920
move occurs many, many times from the
969
00:41:45,630 --> 00:41:47,430
the reference point of Midnight in New
970
00:41:47,430 --> 00:41:50,130
York. If you look at the rally from that
971
00:41:50,130 --> 00:41:53,460
point on, that's where this occurs. can
972
00:41:53,460 --> 00:41:55,260
it happen in Asia like it does here?
973
00:41:55,290 --> 00:41:57,420
Sure. Okay, but it doesn't change the
974
00:41:57,420 --> 00:41:59,850
fact you still can find the moves. Okay.
975
00:41:59,880 --> 00:42:02,610
You The Midnight timeframe looking for
976
00:42:02,610 --> 00:42:03,870
that Judas swing. Now I'm gonna talk
977
00:42:03,870 --> 00:42:05,040
more about the Judas swing in a moment.
978
00:42:05,040 --> 00:42:06,930
But this is the phenomenon that we are
979
00:42:06,930 --> 00:42:08,970
expected to see this open. Now this is
980
00:42:08,970 --> 00:42:10,830
not the day, obviously. But I'm showing
981
00:42:10,830 --> 00:42:12,150
you what it looks like just like it is
982
00:42:12,150 --> 00:42:14,310
here, we see the opening the move up.
983
00:42:15,150 --> 00:42:16,890
really look at what's going on here.
984
00:42:17,160 --> 00:42:21,930
Okay, this is daily chart. These bars
985
00:42:22,320 --> 00:42:25,260
represent the full daily ranges for each
986
00:42:25,260 --> 00:42:27,900
trading day for the cable. Look at
987
00:42:27,900 --> 00:42:29,670
what's been going on for the entire time
988
00:42:29,670 --> 00:42:31,170
this thing's been going lower. How many
989
00:42:31,170 --> 00:42:33,720
days does it do this phenomenon? Watch.
990
00:42:33,900 --> 00:42:36,270
I gave you guys an example or a study
991
00:42:36,270 --> 00:42:37,230
and it came and I'm actually
992
00:42:37,230 --> 00:42:38,700
incorporating it in here in this
993
00:42:38,700 --> 00:42:41,040
description of the things that I've done
994
00:42:41,070 --> 00:42:42,240
over the last four years. So I'm going
995
00:42:42,240 --> 00:42:44,250
to answer on the drills that I gave you
996
00:42:44,280 --> 00:42:48,300
now. I told everyone study price in the
997
00:42:48,300 --> 00:42:50,580
whole month of June was on holiday. And
998
00:42:50,610 --> 00:42:52,020
I want you to do these types of things.
999
00:42:52,020 --> 00:42:54,150
Now. I'm going to reference June in a
1000
00:42:54,150 --> 00:42:55,560
moment but for right now let's take a
1001
00:42:55,560 --> 00:42:57,360
look. Take a look at what's going on for
1002
00:42:57,360 --> 00:42:59,610
the cable in this pro long down move.
1003
00:42:59,610 --> 00:43:01,590
Let's catch The days that we had an open
1004
00:43:01,590 --> 00:43:04,050
rally and in a down day close okay in
1005
00:43:04,050 --> 00:43:07,320
other words it will have open a high and
1006
00:43:07,320 --> 00:43:10,680
then a lower close. Okay watch we have
1007
00:43:10,710 --> 00:43:12,210
one here even though we're a little bit
1008
00:43:12,210 --> 00:43:13,470
off to opening it still gave an
1009
00:43:13,470 --> 00:43:15,090
opportunity to make money on a down move
1010
00:43:15,180 --> 00:43:17,730
intraday. Here's a second one down
1011
00:43:17,730 --> 00:43:23,250
close. third Sunday who cares didn't do
1012
00:43:23,250 --> 00:43:26,550
anything. Monday open rail rally down
1013
00:43:26,550 --> 00:43:30,330
close, open rally went close lower, but
1014
00:43:30,330 --> 00:43:32,310
we had intraday range below the opening.
1015
00:43:33,120 --> 00:43:36,810
Open, rally, down, close, open, rally
1016
00:43:36,840 --> 00:43:39,480
down, close, open, rally down close,
1017
00:43:39,600 --> 00:43:42,930
Sunday unchanged. Open, rally down,
1018
00:43:42,930 --> 00:43:45,660
close, open, rally down close, open,
1019
00:43:45,690 --> 00:43:48,450
rally down close, open, rally down
1020
00:43:48,450 --> 00:43:51,750
close. You see that. Now listen to me
1021
00:43:51,750 --> 00:43:55,650
guys, okay. I don't care who you
1022
00:43:55,650 --> 00:43:58,770
subscribed to. I don't care which author
1023
00:43:58,770 --> 00:44:00,840
you read the most and Have the most
1024
00:44:00,900 --> 00:44:03,510
adoration for okay. I'm going to tell
1025
00:44:03,510 --> 00:44:06,060
you something right now, if this
1026
00:44:06,060 --> 00:44:08,910
information is generic and as simple, as
1027
00:44:08,910 --> 00:44:11,070
I just explained, does not knock your
1028
00:44:11,070 --> 00:44:13,440
socks off. You haven't been paying
1029
00:44:13,440 --> 00:44:16,800
attention. Everyone wants to make money.
1030
00:44:17,490 --> 00:44:19,800
Everyone wants to find trades. Everyone
1031
00:44:19,800 --> 00:44:20,820
wants to know what the directional
1032
00:44:20,820 --> 00:44:23,580
premise is. This just answered all those
1033
00:44:23,580 --> 00:44:25,590
things for you. How many trading
1034
00:44:25,590 --> 00:44:27,870
opportunities was this just in the last
1035
00:44:27,870 --> 00:44:31,380
month? Think about it in the last month,
1036
00:44:31,380 --> 00:44:33,690
how many trading opportunities tons?
1037
00:44:34,050 --> 00:44:37,530
Absolute tons. If you were trading with
1038
00:44:37,560 --> 00:44:39,690
even with the wrong bias back here, say
1039
00:44:39,690 --> 00:44:41,580
you were trying to sell every single day
1040
00:44:41,580 --> 00:44:44,400
in here. Okay. And say you were you
1041
00:44:44,400 --> 00:44:47,010
know, your absolute captured down moves.
1042
00:44:47,010 --> 00:44:49,230
Okay. The days that had an opening and
1043
00:44:49,230 --> 00:44:51,000
rally Okay, maybe you lost on this day.
1044
00:44:51,000 --> 00:44:53,850
Who cares? What about this one here?
1045
00:44:54,480 --> 00:44:56,070
Maybe you didn't do anything there. You
1046
00:44:56,070 --> 00:44:58,890
made something here. How about this day,
1047
00:44:58,920 --> 00:45:00,270
you probably would have lost money. Tell
1048
00:45:00,270 --> 00:45:01,110
it this one, you probably would have
1049
00:45:01,110 --> 00:45:02,610
lost money. What about this one? You
1050
00:45:02,610 --> 00:45:04,380
made money? What about this one? You
1051
00:45:04,380 --> 00:45:06,810
made money. So you had two losses two
1052
00:45:06,810 --> 00:45:10,410
wins. It shouldn't bother you that
1053
00:45:10,410 --> 00:45:11,550
you're going to have a losing day that
1054
00:45:11,550 --> 00:45:12,570
you're going to be wrong because I'm
1055
00:45:12,570 --> 00:45:14,490
gonna tell you right now, write this
1056
00:45:14,490 --> 00:45:17,160
down in your notes. Inner Circle trader,
1057
00:45:17,490 --> 00:45:20,820
Michael, Joe Huddleston promises you
1058
00:45:20,910 --> 00:45:23,190
guaranteed you that you're losing money
1059
00:45:23,250 --> 00:45:25,110
using this stuff that I'm teaching,
1060
00:45:25,140 --> 00:45:27,150
you're losing money. I'm telling you
1061
00:45:27,180 --> 00:45:28,530
upfront, you're going to lose money.
1062
00:45:29,040 --> 00:45:32,250
Now, if you listen to me, the losses
1063
00:45:32,250 --> 00:45:33,900
that you incur are going to be very
1064
00:45:33,900 --> 00:45:35,880
manageable and they're not going to take
1065
00:45:35,880 --> 00:45:38,610
you out of the game. And also on that
1066
00:45:38,610 --> 00:45:41,310
same coin, flip it over when you listen
1067
00:45:41,370 --> 00:45:44,460
and the trades pan out the level of
1068
00:45:44,460 --> 00:45:46,770
money that you make okay or is
1069
00:45:46,770 --> 00:45:48,720
available, I should say. Let's rephrase
1070
00:45:48,720 --> 00:45:51,690
that. If you follow all the rules, the
1071
00:45:51,690 --> 00:45:52,620
ideas will
1072
00:45:52,799 --> 00:45:55,559
more than adequate, erase the losing
1073
00:45:55,559 --> 00:45:58,169
trades and show you a net gain. How much
1074
00:45:58,169 --> 00:45:59,669
of a net gain is going to be dependent
1075
00:45:59,669 --> 00:46:02,039
upon Level trader, the experience and
1076
00:46:02,039 --> 00:46:03,419
the risk that you're willing to assume.
1077
00:46:04,109 --> 00:46:06,749
Keeping risk limited, obviously, as a
1078
00:46:06,749 --> 00:46:08,309
new trader, if you're just now getting
1079
00:46:08,309 --> 00:46:10,409
into this stuff with me as in terms of
1080
00:46:10,409 --> 00:46:12,869
my methods, okay? Or even training at
1081
00:46:12,869 --> 00:46:14,999
all, you should be trading about one
1082
00:46:14,999 --> 00:46:18,809
quarter of 1% risk, even in a demo
1083
00:46:18,809 --> 00:46:22,499
account. I know that's not sexy, but
1084
00:46:22,499 --> 00:46:23,999
it's not now it's not about making money
1085
00:46:23,999 --> 00:46:25,829
right now. It's about understanding what
1086
00:46:25,829 --> 00:46:27,899
you're doing. Think about it. Say you
1087
00:46:27,899 --> 00:46:30,419
want to be an auto mechanic. Okay, you
1088
00:46:30,419 --> 00:46:32,279
sign up for your schooling and you want
1089
00:46:32,279 --> 00:46:33,629
to get in and they give you a textbook,
1090
00:46:33,659 --> 00:46:34,769
are they gonna let you go out there and
1091
00:46:34,769 --> 00:46:39,779
take apart? Monster Adi, just you know,
1092
00:46:39,779 --> 00:46:40,859
to see if you could do it, they're not
1093
00:46:40,859 --> 00:46:43,169
gonna let you do that. Okay, you got to
1094
00:46:43,169 --> 00:46:44,609
understand theory, and that's where
1095
00:46:44,609 --> 00:46:46,349
you're at as a new trader. Some of you
1096
00:46:46,349 --> 00:46:48,389
guys have been following me since 2010.
1097
00:46:48,719 --> 00:46:51,209
And you still should be in theory
1098
00:46:51,209 --> 00:46:52,709
because a lot of you guys rushed into
1099
00:46:52,709 --> 00:46:54,539
trading live. Okay, and then you're
1100
00:46:54,539 --> 00:46:56,609
sending me emails saying, really not
1101
00:46:56,609 --> 00:46:57,869
understanding what's going on, but then
1102
00:46:57,869 --> 00:46:59,999
you'll send me one or two emails over
1103
00:46:59,999 --> 00:47:01,079
course the three months and I think I
1104
00:47:01,079 --> 00:47:03,029
got it again know what you did? What did
1105
00:47:03,029 --> 00:47:04,799
you just happen to have the right move
1106
00:47:04,799 --> 00:47:06,749
that day, but you haven't been applying
1107
00:47:06,749 --> 00:47:08,669
the tools because there's a plethora of
1108
00:47:09,599 --> 00:47:12,089
multiple setups that happen throughout
1109
00:47:12,089 --> 00:47:14,339
the week. And if you just focus on one
1110
00:47:14,339 --> 00:47:16,769
trading pair, you'll be able to learn
1111
00:47:16,799 --> 00:47:18,389
these concepts. And once you understand
1112
00:47:18,389 --> 00:47:20,459
it, you can apply to every every one of
1113
00:47:20,459 --> 00:47:22,139
the pair's if you want to be that crazy
1114
00:47:22,139 --> 00:47:24,929
about it. But understanding that if
1115
00:47:24,929 --> 00:47:26,459
we're in an environment that is most
1116
00:47:26,459 --> 00:47:28,709
likely going to be going higher or lower
1117
00:47:28,709 --> 00:47:31,169
over a long period of time now why was I
1118
00:47:31,169 --> 00:47:32,789
discussing this down move here and why
1119
00:47:32,789 --> 00:47:34,649
is it important? Well, think about it.
1120
00:47:34,649 --> 00:47:36,599
If this was going down, what should the
1121
00:47:36,599 --> 00:47:38,129
dollar been doing at the same time?
1122
00:47:41,489 --> 00:47:44,249
rallying, you see that. So that's how
1123
00:47:44,249 --> 00:47:46,259
you get institutional sponsorship behind
1124
00:47:46,259 --> 00:47:48,059
the trades that you're taking. If you
1125
00:47:48,059 --> 00:47:50,909
see a risk off scenario, which again,
1126
00:47:50,909 --> 00:47:52,769
that is dollar rallying dollar base
1127
00:47:52,769 --> 00:47:59,519
rally is going to see a decline in the
1128
00:47:59,519 --> 00:48:01,439
British Pound Okay, the British pounds
1129
00:48:01,439 --> 00:48:03,539
can be falling against the dollar, what
1130
00:48:03,539 --> 00:48:06,359
you're looking for is the opening, rally
1131
00:48:06,359 --> 00:48:09,509
up selling to that and expect the down
1132
00:48:09,509 --> 00:48:11,369
move to occur and have a lower close,
1133
00:48:11,639 --> 00:48:14,279
you want to see range expansion. Okay,
1134
00:48:14,279 --> 00:48:16,289
range expansion is this thing here. When
1135
00:48:16,289 --> 00:48:17,519
you have the daily range, we have the
1136
00:48:17,519 --> 00:48:20,429
opening price here are trades up as we
1137
00:48:20,429 --> 00:48:22,499
see here. So really, I guess we should
1138
00:48:22,499 --> 00:48:26,249
be really just saying this. The opening
1139
00:48:26,249 --> 00:48:29,069
price is right there. Okay. So this
1140
00:48:29,069 --> 00:48:30,929
little box in here, that's
1141
00:48:30,929 --> 00:48:32,039
representative right here, if this is
1142
00:48:32,039 --> 00:48:34,199
the daily range that we see on this
1143
00:48:34,199 --> 00:48:36,449
example, like say this right here, this
1144
00:48:36,449 --> 00:48:38,519
is the daily range itself. Okay,
1145
00:48:38,759 --> 00:48:41,189
graphically depicted over here. The
1146
00:48:41,189 --> 00:48:43,889
opening, the initial move up from the
1147
00:48:43,889 --> 00:48:45,689
opening price, which is here, look how
1148
00:48:45,689 --> 00:48:47,939
much opportunity you had to find sell
1149
00:48:47,939 --> 00:48:50,189
scenarios just above the opening price,
1150
00:48:50,249 --> 00:48:53,939
just selling it, okay? If you're worried
1151
00:48:53,939 --> 00:48:56,939
about being stopped out, if you're
1152
00:48:56,939 --> 00:48:58,919
afraid that you're going to be stopped
1153
00:48:58,919 --> 00:49:00,539
out and you're going to lose Money.
1154
00:49:01,229 --> 00:49:04,319
Okay, you need to stop that. throw that
1155
00:49:04,319 --> 00:49:05,339
out right now there's I'm going to take
1156
00:49:05,339 --> 00:49:06,419
you right? I'm going to take away every
1157
00:49:06,419 --> 00:49:07,859
excuse in the book for you right now.
1158
00:49:08,099 --> 00:49:10,949
Okay? Are you ready? Nod your head. I'm
1159
00:49:10,949 --> 00:49:13,709
ready, Michael, I'm ready. Okay. What's
1160
00:49:13,709 --> 00:49:14,669
you're going to do is you're going to
1161
00:49:14,699 --> 00:49:20,279
look at an example of time and price as
1162
00:49:20,279 --> 00:49:23,549
it relates to stop loss placement. Okay,
1163
00:49:23,789 --> 00:49:25,589
now assume we have this idea that we
1164
00:49:25,589 --> 00:49:27,089
think price is going to trade up to this
1165
00:49:27,089 --> 00:49:28,529
point here because we already identified
1166
00:49:28,529 --> 00:49:30,389
our range. Okay, we understand the time
1167
00:49:30,389 --> 00:49:31,859
of day, we understand that we're above
1168
00:49:31,859 --> 00:49:33,989
the opening price. Okay, we want to sell
1169
00:49:33,989 --> 00:49:35,609
in here. So where should our stop be?
1170
00:49:36,419 --> 00:49:39,089
Well, it should be above this high.
1171
00:49:39,179 --> 00:49:40,409
That's what our textbooks teach us.
1172
00:49:40,409 --> 00:49:42,749
Right? Okay, great. That's fine. But now
1173
00:49:42,749 --> 00:49:48,059
let's talk about why I always talk about
1174
00:49:48,059 --> 00:49:52,019
using a standard 30 pips stop loss. Now
1175
00:49:52,019 --> 00:49:53,429
I know you're thinking, Wait a minute, I
1176
00:49:53,429 --> 00:49:54,539
don't want to lose. I don't want to use
1177
00:49:54,539 --> 00:49:56,189
a 30 PIP stop loss that doesn't sound
1178
00:49:56,189 --> 00:49:57,959
like it's going to work out well. You
1179
00:49:57,959 --> 00:49:59,159
know, it's going to be a big loss. Well,
1180
00:49:59,189 --> 00:50:01,229
it would be if you had A lot of money in
1181
00:50:01,229 --> 00:50:03,419
terms of your risk exposure over 30
1182
00:50:03,419 --> 00:50:06,419
pips. But what I want you to look over
1183
00:50:06,419 --> 00:50:08,999
here when I put this little thing, this
1184
00:50:08,999 --> 00:50:10,559
little cursor here, notice there's
1185
00:50:10,559 --> 00:50:13,229
little numbers right now says 32 now
1186
00:50:13,229 --> 00:50:17,669
says 2441 Okay, I'm what I'm doing is
1187
00:50:17,669 --> 00:50:20,819
I'm putting a range of 30 See that?
1188
00:50:23,369 --> 00:50:27,779
That's 30 pips right there. Now that
1189
00:50:27,779 --> 00:50:30,419
rectangle is graphically depicting where
1190
00:50:30,509 --> 00:50:33,629
30 pips range is in difference to
1191
00:50:33,629 --> 00:50:34,739
wherever I want to place it on the
1192
00:50:34,739 --> 00:50:37,049
chart, if this is where we're entering
1193
00:50:37,079 --> 00:50:40,079
in London open at 815 GMT, or eight,
1194
00:50:40,649 --> 00:50:44,579
GMT, which is basically 2am
1195
00:50:45,810 --> 00:50:49,950
I'm sorry, 3am 3am New York time, if you
1196
00:50:49,950 --> 00:50:53,250
take that entry point, and we're going
1197
00:50:53,250 --> 00:50:55,920
to use the 62% line right there who I'm
1198
00:50:55,920 --> 00:50:57,900
doing, I'm taking that range of that,
1199
00:50:57,960 --> 00:51:00,300
that 30 pips on this rectangle Putting
1200
00:51:00,300 --> 00:51:02,910
rate on that level right here at 62. And
1201
00:51:02,910 --> 00:51:06,000
I'm adding 30 pips to it right up here.
1202
00:51:06,030 --> 00:51:10,470
That's where your stop loss is. As
1203
00:51:10,470 --> 00:51:12,360
you're learning, this is what you're
1204
00:51:12,360 --> 00:51:13,530
going to do, you're going to place your
1205
00:51:13,530 --> 00:51:18,450
stop loss order right there at 169 12
1206
00:51:18,480 --> 00:51:23,880
your entry price is at 168 85. No, no,
1207
00:51:23,880 --> 00:51:25,260
it's not. I mean, get that. I mean, make
1208
00:51:25,260 --> 00:51:28,800
sure I'm saying this right. Okay, right
1209
00:51:28,800 --> 00:51:33,630
here, you have 168 82 and 30 pips away
1210
00:51:33,630 --> 00:51:37,920
is 169 12. Okay, so you have this much
1211
00:51:38,190 --> 00:51:39,750
in terms of space between where you're
1212
00:51:39,750 --> 00:51:41,190
entering and where your stop loss is
1213
00:51:41,190 --> 00:51:45,480
going to be. Now. What does that mean?
1214
00:51:46,560 --> 00:51:50,520
Well, whatever you sell here, okay, if
1215
00:51:50,520 --> 00:51:52,500
price was to take you out, and by
1216
00:51:52,500 --> 00:51:54,990
trading up to that level here, okay, and
1217
00:51:54,990 --> 00:51:57,480
really, that only has to happen by
1218
00:51:59,280 --> 00:52:04,380
trading. 160 909 would take you
1219
00:52:04,380 --> 00:52:07,020
essentially most like and most in most
1220
00:52:07,110 --> 00:52:08,430
platforms it would take you off at
1221
00:52:08,430 --> 00:52:10,500
traded at that point because you got a
1222
00:52:10,500 --> 00:52:13,740
factor to spread. So you're probably
1223
00:52:13,740 --> 00:52:16,020
really in even though you're looking at
1224
00:52:16,020 --> 00:52:18,150
30 pips, the market main times will take
1225
00:52:18,150 --> 00:52:21,870
you out 27 So why do I use 30 pips? 30
1226
00:52:21,870 --> 00:52:24,750
pips? I want you to do a study. Okay? I
1227
00:52:24,750 --> 00:52:26,640
want you to look at days that create the
1228
00:52:26,640 --> 00:52:29,190
down moves, okay in London, it makes the
1229
00:52:29,190 --> 00:52:33,570
high take 30 pips and add it to the high
1230
00:52:34,500 --> 00:52:37,200
of the highest high during two o'clock
1231
00:52:37,200 --> 00:52:38,280
in the morning and four o'clock in the
1232
00:52:38,280 --> 00:52:40,860
morning, New York time. Okay, whatever
1233
00:52:40,860 --> 00:52:43,260
the highest high was, put it on the
1234
00:52:43,260 --> 00:52:45,480
highest high there and add 30 pips to
1235
00:52:45,480 --> 00:52:47,280
that. Okay, and I want you to count how
1236
00:52:47,280 --> 00:52:51,000
many days that 30 pips gets taken out or
1237
00:52:51,000 --> 00:52:53,400
will be will be stopped out. Okay, and
1238
00:52:53,400 --> 00:52:57,630
why am I saying 30 pips? Well, if we
1239
00:52:57,660 --> 00:53:00,000
were to be very generous, and say that
1240
00:53:00,360 --> 00:53:03,000
The average daily range for our currency
1241
00:53:03,000 --> 00:53:06,270
pair is 100 pips. Okay? If it's 100
1242
00:53:06,270 --> 00:53:11,010
pips, how much of 100 pips is 30?
1243
00:53:11,220 --> 00:53:15,300
roughly a third. Okay? My The idea
1244
00:53:15,300 --> 00:53:16,890
behind this, okay and it's really
1245
00:53:16,890 --> 00:53:18,480
nothing I can attribute to any other
1246
00:53:18,540 --> 00:53:20,160
author because if it was I would simply
1247
00:53:20,160 --> 00:53:21,930
take you to their work and say, okay,
1248
00:53:21,930 --> 00:53:23,730
read this and you'll understand it. If
1249
00:53:23,760 --> 00:53:26,760
this is 30 pips, it's not okay. But
1250
00:53:26,760 --> 00:53:29,490
let's assume for a moment that this is
1251
00:53:29,490 --> 00:53:33,240
the daily range of 100 pips in three
1252
00:53:33,240 --> 00:53:35,190
stages, let me just do this.
1253
00:53:42,360 --> 00:53:45,840
So if this whole larger rectangle, if
1254
00:53:45,840 --> 00:53:49,230
you will, it represents a daily range of
1255
00:53:49,230 --> 00:53:52,950
100 pips. Okay? If we're trying to sell
1256
00:53:52,950 --> 00:53:54,780
it, and we sell it anywhere up in the
1257
00:53:54,780 --> 00:53:57,000
upper portion of the range, okay, we're
1258
00:53:57,000 --> 00:53:58,980
trying to capture this type of event a
1259
00:53:58,980 --> 00:54:01,410
move up from it. And down and capture
1260
00:54:01,410 --> 00:54:03,690
some profits, if we're looking to sell
1261
00:54:03,690 --> 00:54:05,820
up in the upper third of the range,
1262
00:54:05,970 --> 00:54:10,290
okay? If we're already in the ideal
1263
00:54:10,320 --> 00:54:12,570
location of a down day, what's the
1264
00:54:12,570 --> 00:54:14,910
likelihood of it moving 30 pips from
1265
00:54:14,910 --> 00:54:17,010
that point and then making a lower low
1266
00:54:17,070 --> 00:54:18,990
and a lower close, unless it's
1267
00:54:18,990 --> 00:54:21,900
economically driven by a report or a
1268
00:54:21,930 --> 00:54:25,650
market moving event, okay, like FOMC, or
1269
00:54:25,950 --> 00:54:28,200
non farm payroll. Those are the two
1270
00:54:28,230 --> 00:54:30,390
reasons why I do not trade those days
1271
00:54:30,390 --> 00:54:32,580
because that's when it can very easily
1272
00:54:32,580 --> 00:54:34,800
blow through 30 pips and clean out both
1273
00:54:34,800 --> 00:54:35,940
directions in the marketplace and go
1274
00:54:35,940 --> 00:54:37,200
back to the center the range from the
1275
00:54:37,200 --> 00:54:38,880
daily range and go nowhere. And
1276
00:54:38,880 --> 00:54:40,440
basically, no one makes money that day
1277
00:54:40,560 --> 00:54:43,290
by doing that, unless you're ultra short
1278
00:54:43,290 --> 00:54:45,840
term scalper and you fade that move. And
1279
00:54:45,840 --> 00:54:47,130
I don't like to do it because it's a
1280
00:54:47,130 --> 00:54:50,370
carnival ride. So FOMC is a joke. Don't
1281
00:54:50,370 --> 00:54:51,960
play it. Don't, don't trade it. Don't be
1282
00:54:51,960 --> 00:54:53,670
in front of it. And non farm payroll,
1283
00:54:53,670 --> 00:54:55,380
there's absolutely no reason why you
1284
00:54:55,380 --> 00:54:56,790
should be in there doing it unless you
1285
00:54:56,790 --> 00:54:58,140
want to play in a demo account and just
1286
00:54:58,170 --> 00:55:00,360
you know, play in a sandbox. But what's
1287
00:55:00,360 --> 00:55:02,310
the purpose of doing that you can do
1288
00:55:02,310 --> 00:55:06,450
real trading in 2019 more days, if you
1289
00:55:06,450 --> 00:55:09,000
will, the rest of the month and actually
1290
00:55:09,000 --> 00:55:11,280
have days that are absolutely in favor
1291
00:55:11,280 --> 00:55:13,800
of volatility that is indicative of, you
1292
00:55:13,800 --> 00:55:15,390
know, price action that we can trade
1293
00:55:15,390 --> 00:55:17,550
with. So again, that's the reason why we
1294
00:55:17,550 --> 00:55:20,250
like to use a 30 pips. Now over time.
1295
00:55:20,850 --> 00:55:23,460
Over time, you will learn to be able to
1296
00:55:23,460 --> 00:55:27,000
trim that 30 PIP stop loss down. I'm not
1297
00:55:27,000 --> 00:55:29,190
going to tell you that you should get
1298
00:55:29,190 --> 00:55:31,230
down to 10 pips, or that you should get
1299
00:55:31,230 --> 00:55:33,840
down to 15 pips, okay, you can make a
1300
00:55:33,840 --> 00:55:37,590
career leaving it at 30. But what do you
1301
00:55:37,590 --> 00:55:39,570
do when you have your entry point and
1302
00:55:39,570 --> 00:55:40,740
you know where your stop loss is gonna
1303
00:55:40,740 --> 00:55:43,320
be 30 pips away, this should be no more
1304
00:55:43,320 --> 00:55:46,980
than one quarter of 1%. Think about what
1305
00:55:46,980 --> 00:55:51,600
I just told you. One quarter of 1% if
1306
00:55:51,600 --> 00:55:53,880
you're just now starting, that's the
1307
00:55:53,880 --> 00:55:56,220
level of risk. Now. Why am I telling you
1308
00:55:56,220 --> 00:55:58,980
that even in a demo account because if
1309
00:55:58,980 --> 00:56:02,100
you lose lose money or make money in a
1310
00:56:02,100 --> 00:56:06,090
demo account. It by default it
1311
00:56:06,540 --> 00:56:09,360
strategically plans. Okay, you're
1312
00:56:09,360 --> 00:56:12,990
thinking to think about money. And I'm
1313
00:56:12,990 --> 00:56:15,420
teaching you to think about the risk.
1314
00:56:16,020 --> 00:56:17,670
Everything that I'm sharing with you
1315
00:56:17,670 --> 00:56:19,890
will by default, put money in your
1316
00:56:19,890 --> 00:56:24,330
account. It will also require you to
1317
00:56:24,330 --> 00:56:27,810
stick to a low risk, high probability
1318
00:56:27,960 --> 00:56:30,690
scenario. This is one of those events.
1319
00:56:31,140 --> 00:56:33,990
They happen a couple times a week, every
1320
00:56:33,990 --> 00:56:37,380
single week. The problem is, are you
1321
00:56:37,380 --> 00:56:39,510
going to be there when price does what
1322
00:56:39,510 --> 00:56:42,240
it does? Think about it. There are
1323
00:56:42,240 --> 00:56:43,830
several opportunities in the week that
1324
00:56:43,860 --> 00:56:46,500
really set up really favorable trading
1325
00:56:46,500 --> 00:56:48,900
opportunities. They're not scalps,
1326
00:56:48,930 --> 00:56:52,050
they're intraday day trades. People that
1327
00:56:52,050 --> 00:56:54,030
have jobs can still do these types of
1328
00:56:54,030 --> 00:56:56,160
trades, but it will require you to wake
1329
00:56:56,160 --> 00:56:59,040
up at midnight, New York time. Take a
1330
00:56:59,040 --> 00:57:01,680
glance at where we're at. Look at
1331
00:57:01,680 --> 00:57:04,260
whatever previous ranges, okay? And then
1332
00:57:04,260 --> 00:57:08,010
you're going to basically use that as a,
1333
00:57:08,580 --> 00:57:10,320
as a basis to determine where your trade
1334
00:57:10,650 --> 00:57:13,260
setups going to be. Ideally, I think
1335
00:57:13,260 --> 00:57:16,440
London, if you're going to trade it, you
1336
00:57:16,440 --> 00:57:18,780
know, you need to be awake in front of
1337
00:57:18,780 --> 00:57:21,780
the charts, okay? But if you are really
1338
00:57:24,780 --> 00:57:26,460
gung ho about what you're seeing on the
1339
00:57:26,460 --> 00:57:30,750
charts at at midnight, okay, you can use
1340
00:57:30,750 --> 00:57:32,430
the previous range here or if you're
1341
00:57:32,430 --> 00:57:34,290
watching price, what I like to do is I
1342
00:57:34,290 --> 00:57:37,350
like to see an intraday high getting
1343
00:57:37,350 --> 00:57:39,090
taken out where like we have here, this
1344
00:57:39,090 --> 00:57:42,000
is the high end here. If you draw out a
1345
00:57:42,000 --> 00:57:43,230
little line, let's do that.
1346
00:57:49,260 --> 00:57:50,910
Actually, I draw the wrong one, but
1347
00:57:50,910 --> 00:57:53,490
still, it'll work. This is the high
1348
00:57:53,640 --> 00:57:55,110
Okay, and anything above it would be a
1349
00:57:55,110 --> 00:57:58,680
turtle suit, or stop raid, okay. And by
1350
00:57:58,680 --> 00:58:00,540
having that idea that would be another
1351
00:58:00,540 --> 00:58:01,800
pattern you can use if you're not an
1352
00:58:01,800 --> 00:58:04,230
optimal trade entry fan. Okay? The other
1353
00:58:04,230 --> 00:58:05,580
pattern I like to use a lot is the
1354
00:58:05,580 --> 00:58:07,020
turtle soup, which is a false breakout.
1355
00:58:07,230 --> 00:58:09,510
Okay. And many times, that's really
1356
00:58:09,510 --> 00:58:12,000
classic London open set setups. It's
1357
00:58:12,000 --> 00:58:13,470
just one of these previous intraday
1358
00:58:13,470 --> 00:58:15,900
highs. And there it is, that's what you
1359
00:58:15,900 --> 00:58:18,690
sell into. But without having the
1360
00:58:18,690 --> 00:58:20,460
context of understanding that you're in
1361
00:58:20,460 --> 00:58:22,560
an environment that you're expecting
1362
00:58:22,590 --> 00:58:25,740
down moves on a macro level, okay,
1363
00:58:25,740 --> 00:58:26,880
you're not going to understand how to
1364
00:58:26,880 --> 00:58:29,310
zero in on these very, very, very small
1365
00:58:29,310 --> 00:58:31,530
little time frames and segments of the
1366
00:58:31,530 --> 00:58:34,080
daily range to defer it out these
1367
00:58:34,080 --> 00:58:36,150
opportunities. We already told you what
1368
00:58:36,150 --> 00:58:38,640
time of day these things occur. And I'm
1369
00:58:38,640 --> 00:58:44,700
going to give you let's see, what what
1370
00:58:44,700 --> 00:58:45,930
can I show you here? What was I going to
1371
00:58:45,930 --> 00:58:48,030
do here? Let's do this.
1372
00:58:53,400 --> 00:58:58,890
Okay, yeah. Let's zoom in and it's good
1373
00:58:58,890 --> 00:59:03,780
to that same day. And where are we at?
1374
00:59:06,810 --> 00:59:10,140
Last night? Awesome a spot here guys.
1375
00:59:23,849 --> 00:59:24,959
Yeah, August 1.
1376
00:59:33,000 --> 00:59:36,450
Okay, August 1. Okay, so we talked about
1377
00:59:36,450 --> 00:59:38,790
the London open kill zone. And this
1378
00:59:38,790 --> 00:59:40,170
indicator, which I'll be sharing with
1379
00:59:40,170 --> 00:59:42,330
you guys. I'll send you a link through
1380
00:59:42,330 --> 00:59:44,250
Twitter where you can actually go and
1381
00:59:44,790 --> 00:59:46,920
download these from my website at the
1382
00:59:46,920 --> 00:59:49,770
inner circle trader calm the blue line
1383
00:59:49,770 --> 00:59:54,000
in here. This is viewed as bracketing
1384
00:59:54,000 --> 00:59:56,580
out if you will. And I like this form I
1385
00:59:56,580 --> 00:59:58,500
used to be. I used to draw it on my
1386
00:59:58,500 --> 01:00:01,680
charts you instantly The time donut in
1387
01:00:01,680 --> 01:00:04,440
my videos, but I liked the idea of
1388
01:00:04,440 --> 01:00:07,440
having very clean at the bottom because
1389
01:00:07,440 --> 01:00:09,150
I understand the window of opportunity.
1390
01:00:09,180 --> 01:00:10,620
And I really want you guys to think that
1391
01:00:10,620 --> 01:00:12,450
way and keep your charts clean at the
1392
01:00:12,450 --> 01:00:14,670
beginning of that line, which is right
1393
01:00:14,670 --> 01:00:18,480
here. Okay, and the end of the line. And
1394
01:00:18,480 --> 01:00:19,350
again, we're talking about this little
1395
01:00:19,350 --> 01:00:22,170
blue little section of time. This whole
1396
01:00:22,170 --> 01:00:26,550
pocket of time of day is the ICT London
1397
01:00:26,550 --> 01:00:31,500
open kill zone. Okay. It can extend to
1398
01:00:31,590 --> 01:00:36,090
10 GMT, which is basically 5am on New
1399
01:00:36,090 --> 01:00:38,040
York time, and it can start as early as
1400
01:00:38,040 --> 01:00:43,260
1am New York time or six GMT, okay, but
1401
01:00:43,260 --> 01:00:46,440
by far and large between seven GMT and
1402
01:00:46,440 --> 01:00:49,230
nine GMT, or two o'clock and four
1403
01:00:49,230 --> 01:00:51,060
o'clock in the morning, that's usually
1404
01:00:51,060 --> 01:00:53,220
when the higher load day forms. Now,
1405
01:00:53,610 --> 01:00:55,440
what does that mean? Well, if we have
1406
01:00:55,440 --> 01:00:57,990
already IRA arrived at the idea that the
1407
01:00:57,990 --> 01:01:00,540
dollar during this time It's been an
1408
01:01:00,540 --> 01:01:02,460
hour and already established up move.
1409
01:01:03,210 --> 01:01:04,530
And we come down to a level we're
1410
01:01:04,530 --> 01:01:07,020
anticipating support, we expect a bounce
1411
01:01:07,050 --> 01:01:08,850
in the dollar, even if it's short lived.
1412
01:01:09,150 --> 01:01:12,090
It gives us a prognostication of future
1413
01:01:12,090 --> 01:01:14,160
price action in the cable. And you see
1414
01:01:14,160 --> 01:01:15,840
that happening here with lower prices.
1415
01:01:15,990 --> 01:01:18,570
Okay, extending lower going back to our
1416
01:01:18,570 --> 01:01:22,500
intraday This is that that move up,
1417
01:01:22,830 --> 01:01:24,810
okay, that occurred. But look, it's
1418
01:01:24,810 --> 01:01:26,550
happening this this blue area here it
1419
01:01:26,550 --> 01:01:29,850
just helps us identify when, when these
1420
01:01:29,850 --> 01:01:32,400
moves are going to occur. So we
1421
01:01:32,400 --> 01:01:34,830
understand time of day, we understand
1422
01:01:35,160 --> 01:01:40,020
the range expansion theory that the
1423
01:01:40,020 --> 01:01:43,260
daily range will move down and the daily
1424
01:01:43,260 --> 01:01:45,210
bar will become larger throughout the
1425
01:01:45,210 --> 01:01:47,550
day. But the beginning of the move on a
1426
01:01:47,550 --> 01:01:50,850
down day occurs at London open at a pre
1427
01:01:50,850 --> 01:01:53,130
determined measurable move with
1428
01:01:53,340 --> 01:01:57,990
retracements at the beginning of a time
1429
01:01:57,990 --> 01:02:00,540
of day accession like this To the ICT
1430
01:02:00,540 --> 01:02:03,990
kill zone unique to me between two
1431
01:02:03,990 --> 01:02:05,370
o'clock and four o'clock in the morning
1432
01:02:05,370 --> 01:02:07,050
that's going to be your time window
1433
01:02:07,050 --> 01:02:09,660
where the setups occur. So what am I
1434
01:02:09,660 --> 01:02:11,820
teaching you here? I'm telling you how
1435
01:02:11,820 --> 01:02:14,430
to find the news. I'm telling you how to
1436
01:02:14,460 --> 01:02:16,650
pick the direction the day. I'm telling
1437
01:02:16,650 --> 01:02:19,650
you how to anticipate the setups to
1438
01:02:19,650 --> 01:02:22,290
occur. Both my patterns that I trade are
1439
01:02:22,290 --> 01:02:25,830
always overlapping. Okay? The optimal
1440
01:02:25,830 --> 01:02:27,480
trade entry which is retracement driven,
1441
01:02:27,870 --> 01:02:31,890
right here. turtle soup. Short term high
1442
01:02:32,160 --> 01:02:34,860
rally through it's a false breakout.
1443
01:02:34,950 --> 01:02:36,570
Boom. That's what you want to sell into.
1444
01:02:36,960 --> 01:02:39,150
Okay, when during the London open
1445
01:02:39,150 --> 01:02:42,150
session, how long do you hold it until
1446
01:02:42,450 --> 01:02:45,720
London close. Later in the day you want
1447
01:02:45,720 --> 01:02:47,700
to see range expansion going lower, it
1448
01:02:47,700 --> 01:02:49,260
really expands and drops off
1449
01:02:49,260 --> 01:02:52,230
precipitously here. I've told you how to
1450
01:02:52,230 --> 01:02:54,030
place your stop loss use a 30 PIP stop
1451
01:02:54,030 --> 01:02:56,490
loss. Why? Because the chances of it
1452
01:02:56,490 --> 01:02:58,950
opening at New York's midnight timeframe
1453
01:02:59,220 --> 01:03:01,050
okay or even The beginning of the new
1454
01:03:01,050 --> 01:03:03,690
day over here. It moving 30 pips up and
1455
01:03:03,690 --> 01:03:06,360
then moving down doesn't happen. It
1456
01:03:06,360 --> 01:03:08,880
can't happen sure can. But it's so
1457
01:03:08,910 --> 01:03:11,430
unlikely, okay, there's no reason for
1458
01:03:11,430 --> 01:03:13,710
you to be afraid to trade none. If
1459
01:03:13,710 --> 01:03:15,150
you're afraid, it's because you're
1460
01:03:15,150 --> 01:03:18,030
trading too much money and you know, if
1461
01:03:18,030 --> 01:03:20,820
you really ask yourself honestly, if you
1462
01:03:20,820 --> 01:03:22,830
lost on that trade, would it hurt you?
1463
01:03:22,860 --> 01:03:24,900
Yes, it would hurt you. Because you got
1464
01:03:24,900 --> 01:03:27,870
too much leverage on it. If you start
1465
01:03:27,870 --> 01:03:30,540
off with very, very, very ultra low risk
1466
01:03:30,540 --> 01:03:34,710
point, two, five of 1%. Okay, in other
1467
01:03:34,710 --> 01:03:36,960
words, one quarter of 1% you're not
1468
01:03:36,960 --> 01:03:38,460
worrying about money when it's like
1469
01:03:38,460 --> 01:03:41,370
that. Okay? Because it's so minute, it
1470
01:03:41,370 --> 01:03:42,570
isn't going to hurt you. It's not you
1471
01:03:42,570 --> 01:03:44,490
could take 100 losses in a row with that
1472
01:03:44,490 --> 01:03:46,080
and you're not out of the game. Okay?
1473
01:03:46,380 --> 01:03:47,400
You're not even you're not and you're
1474
01:03:47,400 --> 01:03:49,440
nowhere near her. Okay, you could still
1475
01:03:49,440 --> 01:03:51,480
come back from that. Absolutely. Okay.
1476
01:03:51,960 --> 01:03:54,360
So, think about I'm telling you to trade
1477
01:03:54,360 --> 01:03:56,460
in a demo account setting for six
1478
01:03:56,460 --> 01:04:00,960
months, six months Why? Because it's
1479
01:04:00,960 --> 01:04:03,390
gonna take you that long to really trust
1480
01:04:03,390 --> 01:04:04,560
what it is that you should be doing.
1481
01:04:04,830 --> 01:04:06,540
Now, if you're in a fast track view of
1482
01:04:06,540 --> 01:04:07,770
things you got to have do it because you
1483
01:04:07,890 --> 01:04:10,350
got to get to your job and you got to,
1484
01:04:10,560 --> 01:04:12,300
you got to make life changes that have
1485
01:04:12,300 --> 01:04:14,610
to happen shorter than that. Do not send
1486
01:04:14,610 --> 01:04:16,620
me emails, saying that your stuff
1487
01:04:16,620 --> 01:04:18,060
doesn't work because I couldn't quit my
1488
01:04:18,060 --> 01:04:20,970
job in six weeks. Okay? I'm telling you,
1489
01:04:20,970 --> 01:04:22,530
it ain't gonna work like that. Okay, I'm
1490
01:04:22,530 --> 01:04:25,320
telling you, if you do not invest six
1491
01:04:25,350 --> 01:04:29,580
months of your time, your hard earned
1492
01:04:29,580 --> 01:04:30,510
free time
1493
01:04:31,860 --> 01:04:34,920
to doing this stuff. You don't watch my
1494
01:04:34,920 --> 01:04:38,010
material. Find something else. Because
1495
01:04:38,010 --> 01:04:40,740
I'm telling you, my work requires just
1496
01:04:40,740 --> 01:04:44,310
that work. And I've condensed two
1497
01:04:44,310 --> 01:04:47,790
decades worth of insights and experience
1498
01:04:48,150 --> 01:04:50,280
down to what I think and I mean this
1499
01:04:50,280 --> 01:04:53,100
wholeheartedly. There isn't anything out
1500
01:04:53,100 --> 01:04:55,590
there better than what I'm sharing. Not
1501
01:04:55,590 --> 01:04:58,650
one thing. Not one mentor, not a
1502
01:04:58,650 --> 01:05:01,050
collaboration of mentors. And I mean
1503
01:05:01,050 --> 01:05:03,630
that with every sincere fiber of my
1504
01:05:03,630 --> 01:05:05,760
being. And it's not to be braggadocious
1505
01:05:05,790 --> 01:05:07,800
or arrogant, you can call me that. But
1506
01:05:07,800 --> 01:05:09,360
I'm telling you on the best thing going
1507
01:05:09,360 --> 01:05:11,130
today, and the materials I'm giving you
1508
01:05:11,130 --> 01:05:13,080
cost you nothing but the time sitting
1509
01:05:13,080 --> 01:05:15,120
from the computer. Now, granted, it may
1510
01:05:15,120 --> 01:05:16,380
be a whole lot of time between the
1511
01:05:16,380 --> 01:05:18,360
videos. But I've already promised you
1512
01:05:18,360 --> 01:05:19,770
that in the beginning did not, it's
1513
01:05:19,770 --> 01:05:21,540
going to take a lot of patience. And
1514
01:05:21,540 --> 01:05:23,220
it's going to be expensive in reference
1515
01:05:23,220 --> 01:05:26,100
to time. Because I have to force you to
1516
01:05:26,100 --> 01:05:27,540
do this over a long period of time.
1517
01:05:27,750 --> 01:05:29,280
Otherwise, you're not going to glean
1518
01:05:29,280 --> 01:05:30,540
what it is that you need to glean.
1519
01:05:30,600 --> 01:05:32,250
Because you don't know what you need to
1520
01:05:32,250 --> 01:05:34,620
know. You don't have any idea what it is
1521
01:05:34,620 --> 01:05:37,020
that you need to know. But it's gonna be
1522
01:05:37,020 --> 01:05:39,150
me taking you to the chart, looking at
1523
01:05:39,150 --> 01:05:40,860
specific things over and over and over
1524
01:05:40,860 --> 01:05:42,300
again. Then you'll start saying, Well,
1525
01:05:42,360 --> 01:05:44,370
yeah, now I see it. Of course you do,
1526
01:05:44,640 --> 01:05:45,990
because you've been doing it and you've
1527
01:05:45,990 --> 01:05:48,090
been desensitized to the fear aspect of
1528
01:05:48,090 --> 01:05:50,040
trading, losing money and being wrong,
1529
01:05:50,280 --> 01:05:52,440
because that's really all it is. That's
1530
01:05:52,440 --> 01:05:53,910
it, think about it. What are you afraid
1531
01:05:53,910 --> 01:05:58,200
of being wrong? or losing money, both go
1532
01:05:58,260 --> 01:06:00,330
hand in hand, okay, but those are two
1533
01:06:00,330 --> 01:06:04,200
primary fears. That's it. We can accept
1534
01:06:04,200 --> 01:06:05,760
missing moves, not really afraid of
1535
01:06:05,760 --> 01:06:07,650
missing moves. Okay? We're disappointed
1536
01:06:07,650 --> 01:06:08,940
if we miss a move, okay, but we're
1537
01:06:08,940 --> 01:06:10,770
fearful of losing money and being wrong.
1538
01:06:10,800 --> 01:06:13,110
There are two primary pillars of fear as
1539
01:06:13,110 --> 01:06:15,810
it relates to speculation. There's other
1540
01:06:15,810 --> 01:06:17,460
pillars, obviously ego, and that's the
1541
01:06:17,460 --> 01:06:18,960
folks that spend a lot of times in
1542
01:06:18,960 --> 01:06:20,340
forums and they share their insights
1543
01:06:20,340 --> 01:06:21,450
with other people and think that they're
1544
01:06:21,450 --> 01:06:23,400
smart, and try to be better than the
1545
01:06:23,400 --> 01:06:26,580
next guy. Okay? Don't be informed. If
1546
01:06:26,580 --> 01:06:27,840
you're a developing trader, unless
1547
01:06:27,840 --> 01:06:29,010
you're in you're just reading from
1548
01:06:29,010 --> 01:06:30,330
someone that has a lot more experience
1549
01:06:30,330 --> 01:06:31,650
than you. Okay, and you're giving
1550
01:06:31,650 --> 01:06:34,260
worthwhile investment advice. Okay,
1551
01:06:34,290 --> 01:06:36,840
obviously, then, yeah, read forms, okay.
1552
01:06:36,840 --> 01:06:39,720
But you should not be in there trying to
1553
01:06:39,720 --> 01:06:41,700
teach other people when you don't know
1554
01:06:41,700 --> 01:06:42,870
what you're doing either. If you're
1555
01:06:42,870 --> 01:06:44,400
developing, don't try to teach it
1556
01:06:44,400 --> 01:06:45,630
anybody because you're really doing a
1557
01:06:45,630 --> 01:06:49,050
lot more harm than you're helping. And
1558
01:06:49,260 --> 01:06:52,140
I'm encouraged by seeing individuals try
1559
01:06:52,140 --> 01:06:55,050
to do that. But if you aren't, if you're
1560
01:06:55,050 --> 01:06:57,780
not making a living at this, don't teach
1561
01:06:57,780 --> 01:06:59,580
it. Okay? Because you're still
1562
01:06:59,580 --> 01:07:00,720
developing And there's going to be a
1563
01:07:00,720 --> 01:07:02,610
whole lot of lessons and my greatest
1564
01:07:02,610 --> 01:07:04,260
learning happened in the last eight
1565
01:07:04,260 --> 01:07:07,710
years of my career. Now put that in
1566
01:07:07,740 --> 01:07:09,810
perspective. You guys want to start
1567
01:07:09,810 --> 01:07:11,760
trading and quit your job in four weeks,
1568
01:07:11,790 --> 01:07:13,830
okay? And I've been doing this for two
1569
01:07:13,830 --> 01:07:16,230
decades. And my best understanding and
1570
01:07:16,230 --> 01:07:18,090
learning happened in the latter part of
1571
01:07:18,090 --> 01:07:22,500
my career. Take about that. I wish I
1572
01:07:22,500 --> 01:07:26,010
knew now, that when I first started, I
1573
01:07:26,010 --> 01:07:28,110
wish I knew this stuff. I wish I knew
1574
01:07:28,110 --> 01:07:30,000
this because it would have been a whole
1575
01:07:30,000 --> 01:07:31,890
lot more different in terms of my
1576
01:07:32,310 --> 01:07:35,160
development and the pain I did and, you
1577
01:07:35,160 --> 01:07:37,440
know, basically go through and it was
1578
01:07:37,440 --> 01:07:40,050
self inflicted. And I'm hoping you guys
1579
01:07:40,080 --> 01:07:42,180
learn from that. And I keep bringing it
1580
01:07:42,180 --> 01:07:43,890
up. Because I want you to understand
1581
01:07:43,890 --> 01:07:45,510
that I'm a real person that went through
1582
01:07:45,570 --> 01:07:49,680
real problems with this stuff. Real
1583
01:07:49,860 --> 01:07:51,780
medical problems me It hurt me
1584
01:07:51,780 --> 01:07:53,880
physically, to the point where I still
1585
01:07:53,880 --> 01:07:55,860
can't eat comfortably, might have a
1586
01:07:55,860 --> 01:07:58,290
difficulty swallowing foods. It will
1587
01:07:58,290 --> 01:08:00,570
work you if you let it It'll make you
1588
01:08:00,570 --> 01:08:02,100
think you're bigger than you really are.
1589
01:08:02,430 --> 01:08:03,780
It'll make you think you're smarter than
1590
01:08:03,780 --> 01:08:05,550
you really are. And it also make you
1591
01:08:05,550 --> 01:08:07,440
feel much less of a person than you
1592
01:08:07,440 --> 01:08:09,930
really are. There's a lot of influence
1593
01:08:09,930 --> 01:08:11,880
that we allow these marketplaces to have
1594
01:08:11,880 --> 01:08:14,340
over us as a human being. But it's all
1595
01:08:14,370 --> 01:08:16,680
manageable. It's all controllable, you
1596
01:08:16,680 --> 01:08:18,840
have control over it. There's nothing
1597
01:08:18,840 --> 01:08:20,520
forcing you to put that trade on with 5%
1598
01:08:20,520 --> 01:08:24,510
risk. There's nothing forcing you to sit
1599
01:08:24,510 --> 01:08:26,760
there and say, I'll pass on that trade,
1600
01:08:27,090 --> 01:08:30,090
except for common sense. You're in the
1601
01:08:30,090 --> 01:08:30,450
driver's
1602
01:08:30,449 --> 01:08:32,699
seat. I don't want credit for your
1603
01:08:32,699 --> 01:08:34,919
winning trades. And I certainly don't
1604
01:08:34,919 --> 01:08:37,139
want credit for your losing trades. This
1605
01:08:37,139 --> 01:08:41,039
whole thing is about what you do at the
1606
01:08:41,039 --> 01:08:43,139
end of this development, that's what I'm
1607
01:08:43,139 --> 01:08:45,449
interested in. I want to see what you do
1608
01:08:45,449 --> 01:08:46,949
with this information. Once you become
1609
01:08:46,949 --> 01:08:49,169
successful with it. How are you going to
1610
01:08:49,169 --> 01:08:50,519
help other people with it because that's
1611
01:08:50,519 --> 01:08:52,079
really, that's what I'm doing. I'm
1612
01:08:52,079 --> 01:08:55,229
helping you for free. I'm not asking for
1613
01:08:55,229 --> 01:08:56,609
anything except for share your store
1614
01:08:56,609 --> 01:08:58,139
with me. I want to know what you're
1615
01:08:58,139 --> 01:08:59,969
doing with it. I'm not going to have
1616
01:08:59,999 --> 01:09:02,909
upsell later on 20 $500 workshops come
1617
01:09:02,909 --> 01:09:04,529
out here and I'm gonna, I'm gonna help
1618
01:09:04,769 --> 01:09:06,719
you help you even further I've taken
1619
01:09:06,719 --> 01:09:08,549
that money and, and put in some hokey
1620
01:09:08,609 --> 01:09:09,899
software program together to help you
1621
01:09:09,899 --> 01:09:11,909
find trade patterns, okay? You don't
1622
01:09:11,909 --> 01:09:13,619
need all that stuff. You don't need any
1623
01:09:13,619 --> 01:09:15,419
of that. Okay? If you're looking for
1624
01:09:15,419 --> 01:09:16,919
software programs to find trades for
1625
01:09:16,919 --> 01:09:20,189
you, you're lazy. You're friggin lazy,
1626
01:09:20,489 --> 01:09:23,669
and lazy doesn't pay, get that in your
1627
01:09:23,669 --> 01:09:27,059
notes, okay? doesn't pay. I tried that.
1628
01:09:27,179 --> 01:09:28,589
Okay, and a lot of other people tried it
1629
01:09:28,589 --> 01:09:32,069
too, and it never pans out. You
1630
01:09:32,069 --> 01:09:33,599
understand how the markets operate, like
1631
01:09:33,599 --> 01:09:35,309
we're sharing right here, you'll find
1632
01:09:35,309 --> 01:09:36,599
trades immediately, you know, when
1633
01:09:36,599 --> 01:09:37,799
they're gonna happen. I don't need a
1634
01:09:37,799 --> 01:09:39,569
software program that show me when a
1635
01:09:39,569 --> 01:09:43,259
pattern is on the chart. I know timewise
1636
01:09:43,379 --> 01:09:45,179
daily, the day of the week is gonna
1637
01:09:45,179 --> 01:09:46,589
occur. I know what time is going to
1638
01:09:46,589 --> 01:09:48,089
occur. I know how the pattern is gonna
1639
01:09:48,089 --> 01:09:49,679
unfold, and I know where it's most
1640
01:09:49,679 --> 01:09:52,349
likely going to go directionally. Tell
1641
01:09:52,349 --> 01:09:54,029
me that software program is going to do
1642
01:09:54,029 --> 01:09:55,109
that in advance. I could tell you the
1643
01:09:55,109 --> 01:09:57,479
days of the weeks and months in advance
1644
01:09:57,479 --> 01:09:58,739
when these patterns gonna happen,
1645
01:09:59,009 --> 01:10:01,889
because they're that genetic. Eric, I'm
1646
01:10:01,889 --> 01:10:03,779
sorry, but everything else is playing
1647
01:10:03,779 --> 01:10:05,279
catch up ball to what you're learning.
1648
01:10:06,059 --> 01:10:08,999
This is how the markets operate. I'm not
1649
01:10:08,999 --> 01:10:12,149
trying to sell you the idea. I'm telling
1650
01:10:12,149 --> 01:10:15,149
you challenge me on it, go through the
1651
01:10:15,149 --> 01:10:16,469
processes that I'm sharing with you
1652
01:10:16,469 --> 01:10:18,479
right now. And you tell me that it
1653
01:10:18,479 --> 01:10:20,639
doesn't work like this, you tell me, you
1654
01:10:20,639 --> 01:10:22,079
show me that it doesn't work. I've
1655
01:10:22,079 --> 01:10:24,059
already put it out there. I will give
1656
01:10:24,059 --> 01:10:28,709
you $10,000 of US currency, cash, to a
1657
01:10:28,709 --> 01:10:30,599
PayPal account to whatever you want to
1658
01:10:30,599 --> 01:10:32,849
do. Okay, how to receive it. You show me
1659
01:10:32,849 --> 01:10:35,219
how this does not consistently work. And
1660
01:10:35,219 --> 01:10:37,499
you can't be consistently profitable.
1661
01:10:38,009 --> 01:10:40,229
Okay, by doing what I'm showing you, I
1662
01:10:40,229 --> 01:10:43,079
guarantee you, it's impossible for you
1663
01:10:43,079 --> 01:10:45,749
to not be successful with this. Think
1664
01:10:45,749 --> 01:10:47,909
about what I just said. That's a very,
1665
01:10:47,909 --> 01:10:49,559
very heavy statement I just laid out
1666
01:10:49,559 --> 01:10:51,299
there. But I mean, everything I'm
1667
01:10:51,299 --> 01:10:54,239
telling you. If you do everything I'm
1668
01:10:54,239 --> 01:10:56,609
showing you to do development exercises
1669
01:10:56,609 --> 01:10:57,809
during the process of looking
1670
01:10:57,809 --> 01:10:59,369
everything, breaking the market down
1671
01:10:59,369 --> 01:11:00,629
like we're showing right We're having a
1672
01:11:00,629 --> 01:11:02,729
risk on risk off scenario trading with
1673
01:11:02,729 --> 01:11:04,319
institutional sponsors that behind the
1674
01:11:04,319 --> 01:11:08,429
ideas of your trade. Do you have the the
1675
01:11:08,429 --> 01:11:12,059
framework that's Cognizant, okay? Or not
1676
01:11:12,059 --> 01:11:15,149
times that is representative of what the
1677
01:11:15,149 --> 01:11:16,589
market should be doing moving higher or
1678
01:11:16,589 --> 01:11:18,869
lower? If a bear markets on their way,
1679
01:11:19,439 --> 01:11:20,879
what is your daily charts look like?
1680
01:11:20,999 --> 01:11:23,249
Down days? Right? How good is down day
1681
01:11:23,249 --> 01:11:24,809
start? Typically, with a up move
1682
01:11:24,809 --> 01:11:27,029
intraday, that's usually catching many
1683
01:11:27,029 --> 01:11:28,679
traders by surprise. Wait a minute, I
1684
01:11:28,679 --> 01:11:30,629
bought that I'm here I am buying a high
1685
01:11:30,629 --> 01:11:33,929
today. Guess what? I did that. You're
1686
01:11:33,929 --> 01:11:36,989
probably doing it now. There's an answer
1687
01:11:36,989 --> 01:11:39,209
to it. And it's by taking yourself out
1688
01:11:39,209 --> 01:11:41,669
of the textbooks out of the the guys
1689
01:11:41,669 --> 01:11:43,349
that want to sell you things and teach
1690
01:11:43,349 --> 01:11:44,579
you how to be the greatest trader in the
1691
01:11:44,579 --> 01:11:46,499
world. Okay. Let me tell you something.
1692
01:11:47,939 --> 01:11:49,679
If they're selling you that stuff, they
1693
01:11:49,679 --> 01:11:52,709
need the money. If they need the money,
1694
01:11:52,949 --> 01:11:54,869
they ain't that good of a trader. And
1695
01:11:54,869 --> 01:11:56,999
it's just that simple. I don't need your
1696
01:11:56,999 --> 01:11:59,339
money. I don't need your thank yous. I
1697
01:11:59,339 --> 01:12:01,949
don't need any That stuff. I covered it
1698
01:12:02,009 --> 01:12:03,869
because I enjoy reading the success
1699
01:12:03,869 --> 01:12:06,539
stories. Market wizards flowing one and
1700
01:12:06,539 --> 01:12:09,029
two favorite books, because I was
1701
01:12:09,029 --> 01:12:11,849
inspired by them. Not all of them, but
1702
01:12:11,849 --> 01:12:13,619
several individuals in there. I was
1703
01:12:13,619 --> 01:12:17,159
inspired by I liked their story. I want
1704
01:12:17,159 --> 01:12:19,769
more of that. swagger is not putting any
1705
01:12:19,769 --> 01:12:21,719
more books out there, they are engaging
1706
01:12:21,719 --> 01:12:23,789
to me. So I want to create more, okay, I
1707
01:12:23,789 --> 01:12:26,519
want to create more stories. And I like
1708
01:12:26,519 --> 01:12:27,929
sharing my story with you guys. And it
1709
01:12:27,929 --> 01:12:29,339
may be a broken record to some of you
1710
01:12:29,369 --> 01:12:31,139
okay, but I want to see more of that.
1711
01:12:31,319 --> 01:12:32,999
And it's going to come through you doing
1712
01:12:32,999 --> 01:12:36,959
these very things. Okay. So I know I'm
1713
01:12:36,959 --> 01:12:38,699
on a soapbox and I went down another
1714
01:12:38,879 --> 01:12:40,829
rabbit trail but yeah, that's all part
1715
01:12:40,829 --> 01:12:43,199
of the price of being in these videos.
1716
01:12:43,199 --> 01:12:44,819
Guys. You knew that in advance is going
1717
01:12:44,819 --> 01:12:46,079
to be rabbit trails and it's going to be
1718
01:12:46,079 --> 01:12:47,309
things that you have to listen to and
1719
01:12:47,309 --> 01:12:50,879
rants and suck it up. So now using this
1720
01:12:50,879 --> 01:12:53,309
example, we understand that we're in an
1721
01:12:53,309 --> 01:12:55,619
area or an environment if you will, that
1722
01:12:55,619 --> 01:12:57,359
price should be seeing weaker prices on
1723
01:12:57,359 --> 01:12:59,129
the cable. While the dollar should be
1724
01:12:59,129 --> 01:13:00,659
poised to trade higher. Now obviously,
1725
01:13:00,659 --> 01:13:02,309
in hindsight, we can see that as a fact.
1726
01:13:02,459 --> 01:13:04,589
Okay, but also, I'm taking it back to
1727
01:13:04,859 --> 01:13:06,989
the previous week when I have witnesses.
1728
01:13:07,019 --> 01:13:08,759
Okay, we're in a live session where I
1729
01:13:08,759 --> 01:13:10,829
was mapping out all these things and
1730
01:13:11,159 --> 01:13:12,329
profitable scenarios.
1731
01:13:14,280 --> 01:13:15,300
Obviously, I shouldn't have to be
1732
01:13:15,300 --> 01:13:17,160
teaching you support, you know, if price
1733
01:13:17,160 --> 01:13:18,180
comes down to support, where should
1734
01:13:18,180 --> 01:13:20,730
price do, you know, go in terms of
1735
01:13:20,730 --> 01:13:22,200
direction, if it's going to be support,
1736
01:13:22,260 --> 01:13:24,930
it's going to go up. Okay. So if that's
1737
01:13:24,930 --> 01:13:26,130
going to happen in the dollar, we're
1738
01:13:26,130 --> 01:13:27,480
going to see weaker prices in the
1739
01:13:27,480 --> 01:13:28,830
foreign currency markets. And simply
1740
01:13:28,860 --> 01:13:30,480
because I like to follow the cable and
1741
01:13:30,480 --> 01:13:32,460
fiber, obviously, you're gonna see that
1742
01:13:32,460 --> 01:13:34,410
translate in lower prices between the
1743
01:13:34,410 --> 01:13:38,640
two asset classes. Now, we identify the
1744
01:13:38,640 --> 01:13:40,830
selling scenario during London. We'd
1745
01:13:40,830 --> 01:13:43,230
like to see that setup. And once we're
1746
01:13:43,230 --> 01:13:45,120
assuming that we're in the position, how
1747
01:13:45,120 --> 01:13:46,230
long do we hold it? Well, there's
1748
01:13:46,230 --> 01:13:47,310
several different things we'd like to
1749
01:13:47,310 --> 01:13:49,500
do. We'd like to look at range
1750
01:13:49,500 --> 01:13:52,680
projections, which is using Fibonacci
1751
01:13:52,890 --> 01:13:54,450
and swing projections. And we'd like to
1752
01:13:54,450 --> 01:13:57,240
use average daily range, which is
1753
01:13:57,240 --> 01:13:58,680
another tool. That's an indicator. I'll
1754
01:13:58,680 --> 01:14:00,480
share with you. I can Pull up the
1755
01:14:00,480 --> 01:14:02,640
average daily range here on this day,
1756
01:14:02,760 --> 01:14:05,910
and, but if you look at the things like
1757
01:14:05,910 --> 01:14:07,380
average true range, it'll kind of give
1758
01:14:07,380 --> 01:14:10,680
you like the five day average range of
1759
01:14:10,680 --> 01:14:12,630
the last five days. And whatever that
1760
01:14:12,630 --> 01:14:14,700
range is you just add it, I'm sorry, you
1761
01:14:14,700 --> 01:14:16,500
subtract it from the low, I'm sorry,
1762
01:14:16,530 --> 01:14:18,030
good grief, I'm really messing this up
1763
01:14:18,390 --> 01:14:21,300
the average daily range or average true
1764
01:14:21,300 --> 01:14:24,300
range of five days, okay. And if you do
1765
01:14:24,300 --> 01:14:27,180
that, just take that range and subtract
1766
01:14:27,180 --> 01:14:28,710
it from the highest high the day, and
1767
01:14:28,710 --> 01:14:30,750
it'll give you approximately where the
1768
01:14:30,960 --> 01:14:33,630
low should form. Now, I can tell you
1769
01:14:33,630 --> 01:14:37,170
this, the tool that I use is not average
1770
01:14:37,170 --> 01:14:41,070
true range is a indicator that I've
1771
01:14:41,550 --> 01:14:44,370
adopted. Okay, I wish I could remember I
1772
01:14:44,370 --> 01:14:45,840
got it from because I'd love to be able
1773
01:14:45,840 --> 01:14:48,540
to give credit to where I did, but I
1774
01:14:48,540 --> 01:14:50,910
just don't know. And if you guys know
1775
01:14:51,600 --> 01:14:52,950
where you've seen it before, you know,
1776
01:14:52,950 --> 01:14:54,120
because I grabbed it off of a forum
1777
01:14:54,120 --> 01:14:57,060
somewhere. But long and short of it is
1778
01:14:57,090 --> 01:14:59,580
that tool to me is really good. It's
1779
01:14:59,580 --> 01:15:03,330
useful. And it's one click away, just
1780
01:15:03,330 --> 01:15:04,950
taking your mt four clicking it and it's
1781
01:15:04,950 --> 01:15:06,570
the ICT average daily range indicator.
1782
01:15:06,600 --> 01:15:08,490
And I didn't create the tool. I didn't
1783
01:15:08,490 --> 01:15:10,950
program it, okay, but I did adopt it as
1784
01:15:10,950 --> 01:15:13,770
my tool for using average daily range. I
1785
01:15:13,770 --> 01:15:15,960
do look at average daily range on a four
1786
01:15:15,960 --> 01:15:19,020
week basis, I look at a weekly average,
1787
01:15:19,080 --> 01:15:23,640
not average, but a weekly average range,
1788
01:15:23,850 --> 01:15:26,670
I use a monthly average range, and I use
1789
01:15:26,670 --> 01:15:28,980
a five day average. And there's an
1790
01:15:29,010 --> 01:15:30,870
indicator that I've seen out there that
1791
01:15:31,140 --> 01:15:33,360
shows all three of those that you can
1792
01:15:33,360 --> 01:15:34,620
have up in the upper left hand corner of
1793
01:15:34,620 --> 01:15:37,050
your mt four platform. Man, as soon as I
1794
01:15:37,050 --> 01:15:38,490
find out where I can get it, I will
1795
01:15:38,580 --> 01:15:40,350
obviously start incorporating it in my
1796
01:15:40,350 --> 01:15:41,940
videos and obviously share it with you
1797
01:15:41,940 --> 01:15:43,320
but if you do know what I'm talking
1798
01:15:43,320 --> 01:15:46,230
about and have it work can take me to
1799
01:15:46,230 --> 01:15:48,930
that source where I can get it. I would
1800
01:15:48,930 --> 01:15:50,430
love that now I'd be very appreciative
1801
01:15:50,430 --> 01:15:55,890
of it. But as it relates to slings, if
1802
01:15:55,890 --> 01:15:58,620
we're looking at being a seller,
1803
01:15:58,620 --> 01:16:01,830
obviously here How long do we hold to
1804
01:16:01,830 --> 01:16:06,600
trade? Well, time wise timelines we
1805
01:16:06,600 --> 01:16:08,310
already mentioned that we're looking for
1806
01:16:08,580 --> 01:16:12,330
10am in New York. Now that is
1807
01:16:12,330 --> 01:16:13,710
representative of the beginning of this
1808
01:16:13,710 --> 01:16:15,720
red line. Okay, now this green line here
1809
01:16:15,720 --> 01:16:18,180
is New York session. This is London
1810
01:16:18,180 --> 01:16:20,490
close. London close the beginning is
1811
01:16:20,490 --> 01:16:23,610
10am. At least that's how I view it. So
1812
01:16:23,610 --> 01:16:26,640
if we looked at that, I shouldn't do
1813
01:16:26,640 --> 01:16:26,940
that.
1814
01:16:35,460 --> 01:16:36,480
Let's get this off.
1815
01:16:44,520 --> 01:16:45,810
I have a mouse sitting right here next
1816
01:16:45,810 --> 01:16:47,490
to me and I'm still using my touchpad.
1817
01:16:48,540 --> 01:16:58,710
Good grief. Okay, this is the beginning
1818
01:16:58,740 --> 01:17:00,930
of the London closed session. So our
1819
01:17:00,960 --> 01:17:07,890
idea is between this vertical line, this
1820
01:17:07,890 --> 01:17:09,990
row, line timewise. Now, this is a
1821
01:17:09,990 --> 01:17:12,270
general theory, it's very generic. And I
1822
01:17:12,270 --> 01:17:14,550
want you to test it, okay? And much like
1823
01:17:14,550 --> 01:17:16,230
you see here, it doesn't give you the
1824
01:17:16,230 --> 01:17:18,570
actual low of the day. Okay, I'm going
1825
01:17:18,570 --> 01:17:19,860
to give you another scenario where you
1826
01:17:19,860 --> 01:17:21,690
look for it using the new york session,
1827
01:17:21,690 --> 01:17:24,810
okay? But you have to two times a day,
1828
01:17:25,020 --> 01:17:27,180
where you're looking for the opposite
1829
01:17:27,240 --> 01:17:29,760
end, extreme of the day. Now we're
1830
01:17:29,760 --> 01:17:31,320
looking at a down day as it relates to
1831
01:17:31,320 --> 01:17:33,900
this particular vertical, not vertical,
1832
01:17:33,900 --> 01:17:37,500
but this down move here is all from this
1833
01:17:37,500 --> 01:17:39,960
line here to this line here. In terms of
1834
01:17:39,960 --> 01:17:44,610
time, this is all one day. We have this
1835
01:17:44,640 --> 01:17:46,650
area here is where we like to see the
1836
01:17:46,650 --> 01:17:48,600
low form on down days. This is where we
1837
01:17:48,600 --> 01:17:50,850
anticipate it, but the low can form
1838
01:17:50,910 --> 01:17:53,460
during the New York session, the New
1839
01:17:53,460 --> 01:17:57,030
York session, okay, can either cap the
1840
01:17:57,030 --> 01:17:58,260
daily range in other words make the
1841
01:17:58,260 --> 01:18:00,810
opposite and that was formed. In this
1842
01:18:00,810 --> 01:18:02,070
case, it's a down day because we have a
1843
01:18:02,070 --> 01:18:04,950
high up in here in London, the lowest
1844
01:18:04,950 --> 01:18:08,220
formed here in New York and starts to
1845
01:18:08,220 --> 01:18:11,790
rally up. This in here is a reversal
1846
01:18:11,790 --> 01:18:15,000
market profile market comes down, makes
1847
01:18:15,000 --> 01:18:16,440
a low of the day in New York session and
1848
01:18:16,440 --> 01:18:20,280
trades now, later on it does trade
1849
01:18:20,280 --> 01:18:22,950
sideways going into the new day, but we
1850
01:18:22,950 --> 01:18:28,170
do have the London close timeframe. If
1851
01:18:28,170 --> 01:18:29,610
you were to take profits from here,
1852
01:18:29,640 --> 01:18:31,980
entering up here, and closing a trade
1853
01:18:31,980 --> 01:18:34,440
out here, would you be upset about that?
1854
01:18:35,640 --> 01:18:37,200
You didn't capture the very, very low
1855
01:18:37,200 --> 01:18:40,950
low. Okay, you're out here. If you're
1856
01:18:40,950 --> 01:18:42,930
waiting for perfect scenarios all the
1857
01:18:42,930 --> 01:18:44,550
time, and you're just going to hold to
1858
01:18:44,550 --> 01:18:46,110
London close because ICT said London
1859
01:18:46,110 --> 01:18:48,870
close timeframe is 10 and 11am. And I'm
1860
01:18:48,870 --> 01:18:50,580
not going to get out before then, okay,
1861
01:18:50,640 --> 01:18:52,380
you're going to miss some opportunities
1862
01:18:52,380 --> 01:18:53,610
like this where you get out at a better
1863
01:18:53,610 --> 01:18:55,380
price. So how do we answer that
1864
01:18:55,380 --> 01:18:58,590
equation, time and price, time and price
1865
01:18:58,680 --> 01:19:00,930
so we have to incorporate A couple other
1866
01:19:00,930 --> 01:19:04,410
things prior to this move down this
1867
01:19:04,410 --> 01:19:07,110
little spike up in drops okay this Judas
1868
01:19:07,110 --> 01:19:10,410
swing up we have this primary swing
1869
01:19:10,410 --> 01:19:12,750
here, they may not be primary too many
1870
01:19:12,750 --> 01:19:14,460
but to me this is how I look at market
1871
01:19:14,460 --> 01:19:17,220
structure. We have a low and the highest
1872
01:19:17,220 --> 01:19:20,040
high in here. Okay, so what we look for?
1873
01:19:21,150 --> 01:19:26,460
Well let's look at this right here. Okay
1874
01:19:26,490 --> 01:19:28,860
see this they're pretty much equal. So
1875
01:19:28,860 --> 01:19:32,250
we're going to use a fib we're gonna
1876
01:19:32,250 --> 01:19:35,940
take the low, up to the high that's
1877
01:19:35,940 --> 01:19:38,700
we're dropping Okay See that? When we
1878
01:19:38,700 --> 01:19:40,620
have that, when we're looking for lower
1879
01:19:40,620 --> 01:19:44,730
prices, we expect this swing to be
1880
01:19:44,730 --> 01:19:47,340
measurable move. Once this low is taken
1881
01:19:47,340 --> 01:19:49,950
out, which it is here, we look for
1882
01:19:50,160 --> 01:19:55,320
127 162 and 200 extensions 200 extension
1883
01:19:55,320 --> 01:19:58,770
is basically a multiple, a doubling if
1884
01:19:58,770 --> 01:20:00,240
you will the range from the low To the
1885
01:20:00,240 --> 01:20:02,460
high, once the lows taken out, it'll
1886
01:20:02,460 --> 01:20:04,860
move that much range equivalent from the
1887
01:20:04,860 --> 01:20:07,230
low down. And that's what you get 200%
1888
01:20:07,230 --> 01:20:11,220
here. Okay? The 162 extension is in
1889
01:20:11,220 --> 01:20:14,490
here. And the 127 extension is here at
1890
01:20:14,520 --> 01:20:16,470
any one of these three price levels,
1891
01:20:16,650 --> 01:20:20,550
okay? If price gets to it inside of New
1892
01:20:20,550 --> 01:20:22,740
York or London, that's when you take
1893
01:20:22,740 --> 01:20:25,650
profits. We, we were trading at the
1894
01:20:25,650 --> 01:20:26,640
beginning of
1895
01:20:29,430 --> 01:20:31,590
New York right here. So we were inside
1896
01:20:31,590 --> 01:20:33,240
New York and we traded at 200. That's
1897
01:20:33,240 --> 01:20:34,890
when you take your profits, you can
1898
01:20:34,890 --> 01:20:36,450
leave a little bit on expecting lower
1899
01:20:36,450 --> 01:20:38,910
prices, okay, and maybe reach for the
1900
01:20:38,910 --> 01:20:41,310
London close timeframe then. But as it
1901
01:20:41,310 --> 01:20:44,490
relates to perfection, you're not going
1902
01:20:44,490 --> 01:20:46,470
to expect perfection. You want to take
1903
01:20:46,470 --> 01:20:48,030
some profits out there. In fact, you
1904
01:20:48,030 --> 01:20:49,380
want to take some out when we get below
1905
01:20:49,380 --> 01:20:50,820
this low as well. You want to take a
1906
01:20:50,820 --> 01:20:51,930
little bit off something you want to
1907
01:20:51,930 --> 01:20:55,920
take something off, okay? And if you can
1908
01:20:55,920 --> 01:20:59,790
manage it where over time, if you start
1909
01:20:59,820 --> 01:21:01,260
building In your understanding of
1910
01:21:01,260 --> 01:21:05,280
trading, and you start working up to 2%
1911
01:21:05,280 --> 01:21:07,380
risk per trade if you do that, if you
1912
01:21:07,380 --> 01:21:10,410
take off a half a percent, a half of 1%
1913
01:21:10,440 --> 01:21:11,760
Okay, leaving one and a half percent on
1914
01:21:11,760 --> 01:21:14,640
the trade for the rest of the day that
1915
01:21:14,640 --> 01:21:17,880
will give you a huge head start in terms
1916
01:21:17,910 --> 01:21:21,360
of satisfying the many times insatiable
1917
01:21:21,360 --> 01:21:25,020
desire to you be right. Okay, that that
1918
01:21:25,020 --> 01:21:27,270
hunger to be right is many times
1919
01:21:27,930 --> 01:21:30,600
alleviated. Okay, if you take a little
1920
01:21:30,600 --> 01:21:33,810
bit off and you show a positive gain out
1921
01:21:33,810 --> 01:21:35,550
of the trade, that way, even if it does
1922
01:21:35,550 --> 01:21:37,080
come back and stops you out, you had
1923
01:21:37,080 --> 01:21:38,910
something that you took out of the
1924
01:21:38,910 --> 01:21:41,760
marketplace, okay? You can't be right
1925
01:21:41,760 --> 01:21:43,500
all the time. And these tools will not
1926
01:21:43,500 --> 01:21:46,620
100% give you that level of accuracy,
1927
01:21:46,740 --> 01:21:48,330
but it will give you insane accuracy
1928
01:21:48,330 --> 01:21:52,050
that nothing else delivers. Going over
1929
01:21:52,050 --> 01:21:53,730
to the fiber. Okay, we're gonna look at
1930
01:21:53,730 --> 01:21:56,250
something as it relates to the same
1931
01:21:56,250 --> 01:21:58,650
phenomenon. Okay, much in the same vein,
1932
01:21:58,650 --> 01:22:01,290
we've seen bullish prices In $1, which
1933
01:22:01,290 --> 01:22:03,000
would be translated in lower prices in
1934
01:22:03,000 --> 01:22:06,990
the fiber. Okay, let's zoom in. And
1935
01:22:06,990 --> 01:22:10,980
we're gonna look at that same day. Okay,
1936
01:22:10,980 --> 01:22:13,140
here's Wednesday today, Tuesday, Monday,
1937
01:22:13,140 --> 01:22:15,690
Sunday Friday. Take a look what's going
1938
01:22:15,690 --> 01:22:18,960
on here. See how price is rallying on
1939
01:22:18,960 --> 01:22:23,130
that day? See that this shouldn't be
1940
01:22:23,130 --> 01:22:26,340
occurring. Think about it. If the dollar
1941
01:22:26,370 --> 01:22:29,430
is poised to rally What the heck is the
1942
01:22:29,430 --> 01:22:33,240
fiber doing rally? That is going to be a
1943
01:22:33,240 --> 01:22:35,550
short term sell scenario. Okay, now
1944
01:22:35,550 --> 01:22:38,910
contrast that was what we see here in
1945
01:22:38,940 --> 01:22:41,670
the cable. Let's go back over here add
1946
01:22:41,790 --> 01:22:46,050
candlesticks. Okay, here's Wednesday,
1947
01:22:46,080 --> 01:22:47,850
Tuesday, Monday, Sunday, Friday.
1948
01:22:48,060 --> 01:22:51,900
Friday's a down move on the fiber
1949
01:22:52,500 --> 01:22:55,290
Fridays and up move. That don't make any
1950
01:22:55,290 --> 01:22:58,110
sense, does it? Well, what you're
1951
01:22:58,110 --> 01:23:00,000
looking at is this is actually a short
1952
01:23:00,000 --> 01:23:03,210
term trade, okay, versus a day trade.
1953
01:23:04,620 --> 01:23:07,680
You have a move it's moving counter to
1954
01:23:07,680 --> 01:23:09,300
directional premise that's established
1955
01:23:09,300 --> 01:23:11,130
by the dollar. Okay? In other words,
1956
01:23:11,370 --> 01:23:15,000
fires rallying. In a risk off scenario.
1957
01:23:15,120 --> 01:23:16,350
Number words they're setting up a
1958
01:23:16,350 --> 01:23:18,090
scenario that's going to be a little bit
1959
01:23:18,090 --> 01:23:20,910
more of a move going lower. Okay. And
1960
01:23:20,910 --> 01:23:23,640
also, this is actually the weaker of the
1961
01:23:23,640 --> 01:23:25,230
two pairs between the fiber and cable.
1962
01:23:25,560 --> 01:23:28,620
If you look at what's going on, cable,
1963
01:23:29,100 --> 01:23:32,220
let me zoom in a little bit here. Cable
1964
01:23:32,220 --> 01:23:33,840
was making this higher high back here
1965
01:23:33,870 --> 01:23:37,680
while the same time in June July last
1966
01:23:37,680 --> 01:23:40,170
the last day of June going into the
1967
01:23:40,170 --> 01:23:42,510
first week or two of July, we made
1968
01:23:42,510 --> 01:23:45,390
higher highs in cable. We did not see
1969
01:23:45,390 --> 01:23:50,280
that in the fiber. Okay, we were seeing
1970
01:23:50,280 --> 01:23:52,050
lower prices. In fact, it's been really
1971
01:23:52,050 --> 01:23:54,570
soft compared to the cable so the weaker
1972
01:23:54,570 --> 01:23:57,240
sister between the two and in
1973
01:23:57,240 --> 01:23:59,760
relationship to the chi the cable and
1974
01:23:59,760 --> 01:24:02,310
you're Yesterday more fiber. Fiber was
1975
01:24:02,340 --> 01:24:04,320
obviously the weaker of the two. But we
1976
01:24:04,320 --> 01:24:06,930
have this momentary break in that
1977
01:24:06,930 --> 01:24:08,250
correlation. In other words, there's a
1978
01:24:08,250 --> 01:24:10,830
rally underway. What's going on here is
1979
01:24:10,830 --> 01:24:12,780
it's calling back to take out stops.
1980
01:24:12,990 --> 01:24:14,730
Okay, one of the things I talked about
1981
01:24:14,760 --> 01:24:17,880
many times is the best moves occur rate
1982
01:24:17,940 --> 01:24:21,150
after a pre determined level of stops
1983
01:24:21,180 --> 01:24:23,580
gets taken out. And that looks like
1984
01:24:23,580 --> 01:24:28,320
this. Okay, you see these highs here,
1985
01:24:28,350 --> 01:24:32,190
almost equal. If you look at what we
1986
01:24:32,190 --> 01:24:36,000
have, and I'll show you this is it's
1987
01:24:36,000 --> 01:24:37,860
really uncanny how this happens almost
1988
01:24:37,890 --> 01:24:40,740
all the time. Equal low on equal highs,
1989
01:24:40,740 --> 01:24:43,470
rather. Okay, so this price point, if
1990
01:24:43,470 --> 01:24:46,380
you add 10 pips to that, that's about
1991
01:24:46,380 --> 01:24:47,910
where all the stop losses are going to
1992
01:24:47,910 --> 01:24:50,640
be for everyone that's short. Fiber
1993
01:24:50,640 --> 01:24:53,340
comes up, goes just above that level,
1994
01:24:53,340 --> 01:24:54,480
and I'm going to extend this lines. You
1995
01:24:54,480 --> 01:24:54,990
can see it
1996
01:25:00,000 --> 01:25:01,770
Sorry my OCD is flaring I got to make
1997
01:25:01,770 --> 01:25:04,380
sure this level is lined up otherwise
1998
01:25:04,380 --> 01:25:07,050
it'll drive me crazy price rallies up
1999
01:25:07,050 --> 01:25:09,150
through it takes out this this level of
2000
01:25:09,270 --> 01:25:11,610
stops. Now I'm going to zoom in on this
2001
01:25:11,610 --> 01:25:15,810
particular day here on the first of
2002
01:25:15,810 --> 01:25:18,990
August and we're going to go down to a
2003
01:25:20,040 --> 01:25:25,800
15 minute timeframe. Okay, and here's
2004
01:25:25,800 --> 01:25:28,530
that rally up above a clean level. This
2005
01:25:28,530 --> 01:25:30,990
is what we call clean to clean. Stocks
2006
01:25:30,990 --> 01:25:32,070
are gonna be resting just above that.
2007
01:25:32,070 --> 01:25:33,540
Now watch. I've already told you what
2008
01:25:33,540 --> 01:25:36,300
you're looking for. You're looking for a
2009
01:25:36,300 --> 01:25:37,920
range of 10 pips so you want to put a
2010
01:25:37,920 --> 01:25:40,290
rectangle right on that level of the
2011
01:25:40,290 --> 01:25:42,450
highs. Okay, and we're going to look for
2012
01:25:42,450 --> 01:25:46,620
a range of 10 to epital nine See, it's
2013
01:25:46,620 --> 01:25:50,580
10 it says five here 10 drop it right
2014
01:25:50,580 --> 01:25:53,130
there. That's as far as we'd like to see
2015
01:25:53,130 --> 01:25:55,050
price rally up through and reject if it
2016
01:25:55,050 --> 01:25:57,090
does that. What we've just witnessed was
2017
01:25:57,120 --> 01:25:59,850
a raid on stops is bad boys going lower.
2018
01:26:00,000 --> 01:26:02,280
Now notice also how I have the chart set
2019
01:26:02,280 --> 01:26:04,470
up. Doesn't this look like a bull flag?
2020
01:26:05,280 --> 01:26:07,050
Look at it. Doesn't this look like a
2021
01:26:07,050 --> 01:26:09,720
perfect little bull flag? So all the
2022
01:26:09,720 --> 01:26:12,630
classic chart patterns to teach us that
2023
01:26:12,660 --> 01:26:14,940
we should be buying this thing, okay?
2024
01:26:15,000 --> 01:26:17,940
And we're going to expect to see a move.
2025
01:26:21,870 --> 01:26:23,580
Okay, here's the flagpole. Here's the
2026
01:26:23,580 --> 01:26:26,280
high. It's going to rally up from this
2027
01:26:26,280 --> 01:26:27,480
level here. So we're going to expect to
2028
01:26:27,480 --> 01:26:30,990
see price, classically trade to about
2029
01:26:30,990 --> 01:26:33,270
the 134 80 level. That's what the
2030
01:26:33,270 --> 01:26:37,860
textbooks teach us. Well, that's not
2031
01:26:37,860 --> 01:26:41,310
what happens. Okay. And by having that
2032
01:26:41,310 --> 01:26:43,440
understood, okay, you got to understand
2033
01:26:43,440 --> 01:26:45,240
that there are times when textbook stuff
2034
01:26:45,960 --> 01:26:48,150
will work. But it's going to be when
2035
01:26:48,150 --> 01:26:50,640
it's in line with the underlying tone of
2036
01:26:50,640 --> 01:26:52,410
the marketplace when it's set up to
2037
01:26:52,410 --> 01:26:57,240
move. Okay. What I mean by that is that
2038
01:26:57,270 --> 01:27:01,020
unless it's risk off, risk on Based in
2039
01:27:01,020 --> 01:27:04,080
dollar driven, and you have
2040
01:27:04,110 --> 01:27:06,180
institutional sponsorship between your
2041
01:27:06,180 --> 01:27:08,430
entries and your exits, it's not going
2042
01:27:08,430 --> 01:27:10,320
to pan out it. The banks don't care
2043
01:27:10,320 --> 01:27:11,970
about your chart patterns. In fact,
2044
01:27:12,000 --> 01:27:13,560
market makers love chart patterns
2045
01:27:13,560 --> 01:27:16,740
because it gives them reasons to see see
2046
01:27:16,740 --> 01:27:18,480
more liquidity coming the marketplace.
2047
01:27:18,720 --> 01:27:21,390
Okay. And what does that mean? Well, if
2048
01:27:21,390 --> 01:27:23,400
you were a buyer down here is you're
2049
01:27:23,400 --> 01:27:25,320
looking at chart patterns you're buying
2050
01:27:25,320 --> 01:27:27,000
here. So we're going to have to protect
2051
01:27:27,000 --> 01:27:31,200
your your position, a sell stop. Right
2052
01:27:31,620 --> 01:27:35,400
here. So you're buying, there's going to
2053
01:27:35,400 --> 01:27:38,730
be stops on here. If you if a trader can
2054
01:27:38,730 --> 01:27:41,640
take you out, okay, and that position,
2055
01:27:41,820 --> 01:27:45,030
they assume that that difference in
2056
01:27:45,030 --> 01:27:49,890
terms of price. You as a developing
2057
01:27:49,890 --> 01:27:53,190
smart trader, you want to say, I don't
2058
01:27:53,190 --> 01:27:55,590
want to trade like this. In fact, I want
2059
01:27:55,590 --> 01:27:58,470
to see where the stops on the other side
2060
01:27:58,470 --> 01:28:00,420
of the marketplace are going to be And
2061
01:28:00,420 --> 01:28:02,820
what does that look like? Well, if the
2062
01:28:02,820 --> 01:28:05,250
market expects based on this bullish
2063
01:28:05,250 --> 01:28:08,340
pattern, if it should be rallying, okay,
2064
01:28:08,850 --> 01:28:09,720
they're going to be looking for
2065
01:28:09,720 --> 01:28:12,780
continuation higher breakout artists are
2066
01:28:12,780 --> 01:28:14,340
going to use these little areas like
2067
01:28:14,340 --> 01:28:15,930
here, okay? And they're going to have
2068
01:28:16,620 --> 01:28:19,110
stop orders to buy on stop, okay? Or
2069
01:28:19,110 --> 01:28:20,310
they're gonna be looking to wait for
2070
01:28:20,310 --> 01:28:22,470
price to break out like it does here,
2071
01:28:22,560 --> 01:28:24,540
and then there'll be a buyer. Well, you
2072
01:28:24,540 --> 01:28:27,270
as a trader, you view that as the
2073
01:28:27,270 --> 01:28:29,190
liquidity necessary for you to take the
2074
01:28:29,190 --> 01:28:31,260
other side of the trade. So as price
2075
01:28:31,260 --> 01:28:32,970
breaks above this high here and gives
2076
01:28:32,970 --> 01:28:34,950
you a turtle soup pattern, or false
2077
01:28:34,950 --> 01:28:37,050
breakout, that's where you want to sell.
2078
01:28:37,080 --> 01:28:38,910
You do not want to view that as buying
2079
01:28:38,910 --> 01:28:41,010
strength. Users view that as a suspect
2080
01:28:41,010 --> 01:28:44,880
rally, sell it. Boom. It falls out of
2081
01:28:44,880 --> 01:28:49,260
bed. Okay. Now, the time of day for
2082
01:28:49,260 --> 01:28:54,420
this. Let's look at that. And this is on
2083
01:28:55,290 --> 01:29:00,840
August 5. This is yesterday. Still The
2084
01:29:03,060 --> 01:29:11,340
kill zones and zoom in. So August 5
2085
01:29:13,140 --> 01:29:16,350
right in here so we have to beginning of
2086
01:29:16,350 --> 01:29:17,040
London
2087
01:29:23,100 --> 01:29:26,910
right here and it just your kills is a
2088
01:29:26,910 --> 01:29:29,400
little just a little late here, which is
2089
01:29:29,400 --> 01:29:33,210
reason why we like to use the buffer. I
2090
01:29:33,210 --> 01:29:34,710
know that sounds like I'm always trying
2091
01:29:34,710 --> 01:29:37,320
to you know, form fit these these
2092
01:29:37,350 --> 01:29:41,970
results but 60 empty, okay is one in the
2093
01:29:41,970 --> 01:29:45,660
moves can occur as early as one or 60
2094
01:29:45,660 --> 01:29:48,900
empty. Having that mind again and these
2095
01:29:48,900 --> 01:29:51,540
are all in your notes. Okay, that's the
2096
01:29:51,540 --> 01:29:53,760
high right there at 60 empty or one in
2097
01:29:53,790 --> 01:29:57,420
New York time. The false breakout trade
2098
01:29:57,420 --> 01:29:59,430
lower which is the reason why I tell you
2099
01:29:59,430 --> 01:30:03,150
guys always I'm usually up between 1215
2100
01:30:03,180 --> 01:30:05,310
and 1am. My time and I'm looking for
2101
01:30:05,310 --> 01:30:08,580
London setups based on what I see, you
2102
01:30:08,580 --> 01:30:11,370
know, on the charts around that time. If
2103
01:30:11,370 --> 01:30:14,220
you looked at what we discussed in
2104
01:30:14,220 --> 01:30:16,110
relationship to midnight, here's five
2105
01:30:16,110 --> 01:30:18,870
GMT, this little move here, that's all
2106
01:30:18,870 --> 01:30:20,910
it's necessary. Okay, so I get question
2107
01:30:20,910 --> 01:30:22,230
all the time. Okay, well how much of a
2108
01:30:22,230 --> 01:30:24,510
Judas swing do you need? Well, it
2109
01:30:24,510 --> 01:30:26,220
depends on what you have on your chart.
2110
01:30:26,670 --> 01:30:29,400
And I'm not trying to blow off your your
2111
01:30:29,400 --> 01:30:31,470
question it really is that just that
2112
01:30:31,470 --> 01:30:33,150
simple. There's a lot of other framework
2113
01:30:33,150 --> 01:30:34,530
you have to take into consideration like
2114
01:30:34,530 --> 01:30:36,540
we have over here, this look too good
2115
01:30:36,540 --> 01:30:39,180
like a bull flag. And a lot of
2116
01:30:39,180 --> 01:30:40,560
participants are going to be looking to
2117
01:30:40,620 --> 01:30:42,600
you know, try to be expecting this thing
2118
01:30:42,600 --> 01:30:45,150
go higher. Also, you got these guys that
2119
01:30:45,150 --> 01:30:48,180
broke out on on the downside. price went
2120
01:30:48,240 --> 01:30:50,670
lower, okay, their own their own cell
2121
01:30:50,670 --> 01:30:51,930
size and now how they're gonna protect
2122
01:30:51,930 --> 01:30:53,910
their position. Okay, they're going to
2123
01:30:53,910 --> 01:30:55,980
be putting a stop loss more is the stock
2124
01:30:55,980 --> 01:30:57,240
going to be right above the previous
2125
01:30:57,240 --> 01:31:01,410
little high right in here? Well, When
2126
01:31:01,410 --> 01:31:02,970
you look at price like this, you're
2127
01:31:02,970 --> 01:31:05,280
thinking exactly how the market makers
2128
01:31:05,280 --> 01:31:07,620
think you're not looking at a retail
2129
01:31:07,950 --> 01:31:09,450
perspective, you're looking at how the
2130
01:31:09,450 --> 01:31:12,960
market is traded in the eyes of a of a
2131
01:31:12,960 --> 01:31:15,840
dealer or a market maker. Your stocks
2132
01:31:15,840 --> 01:31:17,010
gonna be right above here, if you're a
2133
01:31:17,010 --> 01:31:19,710
seller. They come right back and take
2134
01:31:19,710 --> 01:31:23,190
these guys out. Okay? So they neutralize
2135
01:31:23,220 --> 01:31:25,020
any hopes of the bulls that use these
2136
01:31:25,020 --> 01:31:27,900
bull flag patterns. They neutralize the
2137
01:31:28,020 --> 01:31:29,880
participants that have been net short,
2138
01:31:29,880 --> 01:31:32,640
that would be profiting over here. But
2139
01:31:32,640 --> 01:31:33,870
they don't want those individuals being
2140
01:31:33,870 --> 01:31:36,600
profitable. They take the stops out over
2141
01:31:36,600 --> 01:31:37,980
here, because there's tablets gonna be
2142
01:31:37,980 --> 01:31:40,770
above here. Boom, right above it right
2143
01:31:40,770 --> 01:31:43,080
above the Asian range high. This whole
2144
01:31:43,080 --> 01:31:45,210
little box here is Asian range. So if
2145
01:31:45,210 --> 01:31:48,000
you understand that, you'll know that
2146
01:31:51,000 --> 01:31:53,490
did me make sure I'm telling you it's
2147
01:31:53,520 --> 01:31:55,170
true. I don't want you to, I don't want
2148
01:31:55,170 --> 01:31:56,460
you to think as Asian range and it may
2149
01:31:56,460 --> 01:32:00,750
be C. Central my dealing range Yeah,
2150
01:32:00,750 --> 01:32:02,820
it's Asian range, okay CR GMT. This is
2151
01:32:02,820 --> 01:32:05,430
Asian range, price talks about the Asian
2152
01:32:05,430 --> 01:32:08,220
range high and an old intraday high and
2153
01:32:08,310 --> 01:32:11,640
rejects quickly trades lower. So that's
2154
01:32:11,670 --> 01:32:13,680
uh, you know, that's the pattern. It's
2155
01:32:13,800 --> 01:32:15,450
there. It's you have your turtle soup
2156
01:32:15,450 --> 01:32:16,320
and you also have your
2157
01:32:22,859 --> 01:32:26,219
ot right here right to the PIP. Okay? So
2158
01:32:27,719 --> 01:32:30,779
that's a, that's what it looks like
2159
01:32:31,199 --> 01:32:35,279
going over both pairs and using the same
2160
01:32:35,279 --> 01:32:39,449
context that we use for let's get this
2161
01:32:39,449 --> 01:32:40,199
stuff off.
2162
01:32:54,390 --> 01:32:59,040
We have price trading. Here, we went
2163
01:32:59,220 --> 01:33:01,920
short here. So what do we use, we use
2164
01:33:02,040 --> 01:33:08,010
the swings. Okay, we have a couple
2165
01:33:08,010 --> 01:33:09,150
different reference points we can use,
2166
01:33:09,150 --> 01:33:10,710
we can use the smaller one here up to
2167
01:33:10,710 --> 01:33:14,580
the high. Okay, so you could be looking
2168
01:33:14,580 --> 01:33:15,690
to take profit down here on the 200
2169
01:33:15,690 --> 01:33:17,550
extension, but there's nothing down here
2170
01:33:17,550 --> 01:33:19,320
lining out that. So if we're looking for
2171
01:33:19,320 --> 01:33:21,630
lower prices, you would be expecting
2172
01:33:21,630 --> 01:33:23,760
this load to be taken out, because
2173
01:33:23,760 --> 01:33:25,410
stocks will be residing on there as
2174
01:33:25,410 --> 01:33:27,840
well. So dealers will be more interested
2175
01:33:27,840 --> 01:33:29,070
in trying to get price to go underneath
2176
01:33:29,070 --> 01:33:31,590
that low. And should it go that point,
2177
01:33:31,890 --> 01:33:33,330
we'll be looking to take profits at
2178
01:33:33,960 --> 01:33:37,320
127 162 or 200. Extension. You can see
2179
01:33:37,320 --> 01:33:39,240
price comes down to 127. Look at a nice
2180
01:33:39,240 --> 01:33:41,250
bounce that happens right there. And
2181
01:33:41,310 --> 01:33:42,810
later on gives you the buy scenario
2182
01:33:42,810 --> 01:33:43,860
here, which we're not going to teach
2183
01:33:43,860 --> 01:33:46,410
that here but it does violate this a
2184
01:33:46,410 --> 01:33:49,470
little bit within rallies up. If you
2185
01:33:49,470 --> 01:33:51,300
don't use this low here. You can use
2186
01:33:51,300 --> 01:33:56,010
this low here and write this in your
2187
01:33:56,010 --> 01:33:58,050
notes. There's no wrong way to take
2188
01:33:58,050 --> 01:34:01,860
profits. I'll say it again. There's no
2189
01:34:02,040 --> 01:34:06,060
incorrect way of taking profits. If you
2190
01:34:06,060 --> 01:34:08,310
make a profit, you are better than you
2191
01:34:08,310 --> 01:34:11,040
were before you took the trade. Period.
2192
01:34:11,550 --> 01:34:13,050
That's all you need to know. That's
2193
01:34:13,050 --> 01:34:14,880
That's it. That's, that's, that's all
2194
01:34:14,880 --> 01:34:19,200
there is. Okay. So now, if you use the
2195
01:34:19,200 --> 01:34:26,250
primary move here, okay, you can use the
2196
01:34:26,250 --> 01:34:28,350
200 extension here, nails to the PIP.
2197
01:34:29,430 --> 01:34:32,400
One 162, extension and 127. They're all
2198
01:34:32,400 --> 01:34:35,100
respectable levels. Okay, using the
2199
01:34:35,100 --> 01:34:37,650
entry point, that's a, that's what I
2200
01:34:37,650 --> 01:34:39,540
like to use that if you're looking at
2201
01:34:39,540 --> 01:34:41,790
just pure market structure swings and
2202
01:34:41,790 --> 01:34:44,340
nothing else, you can use these classic
2203
01:34:44,340 --> 01:34:47,250
reference points. This low to high, you
2204
01:34:47,250 --> 01:34:51,480
get to 127 and 162. Okay, so I'm adding
2205
01:34:51,480 --> 01:34:53,010
both of them. I know some of you guys
2206
01:34:53,010 --> 01:34:54,030
are looking at this. Oh, that's not how
2207
01:34:54,030 --> 01:34:55,920
you know, you're right. That's not how
2208
01:34:55,920 --> 01:34:58,260
they do it. This is how I do it. This is
2209
01:34:58,260 --> 01:34:59,700
how everyone else does it. They use a
2210
01:34:59,730 --> 01:35:01,590
lot. to high in any final levels, that's
2211
01:35:01,590 --> 01:35:04,050
fine. Okay, but there's gonna be a lot
2212
01:35:04,050 --> 01:35:06,060
of other targets that dude classical
2213
01:35:06,060 --> 01:35:08,010
application of fibs will never line up
2214
01:35:08,010 --> 01:35:09,120
with but you'll see me doing it in
2215
01:35:09,120 --> 01:35:12,630
videos and mine will be surgical in
2216
01:35:12,630 --> 01:35:14,430
precision and the other ones sometimes
2217
01:35:14,430 --> 01:35:16,770
don't get met. And you have this low to
2218
01:35:16,770 --> 01:35:19,320
high as well. And you have to 127 Okay,
2219
01:35:19,320 --> 01:35:22,230
so you look for a confluence of a lot of
2220
01:35:22,290 --> 01:35:25,620
levels lining up and old support
2221
01:35:25,620 --> 01:35:27,240
resistance levels then you'll you'll see
2222
01:35:27,240 --> 01:35:31,050
a lot more reasons to recover at those
2223
01:35:31,050 --> 01:35:32,700
levels not to simply Hey, you know, I
2224
01:35:32,700 --> 01:35:34,440
made 20 pips let me get out. If you do
2225
01:35:34,440 --> 01:35:36,090
that and you're learning trader, you're
2226
01:35:36,090 --> 01:35:37,470
going to leave a lot of money on the
2227
01:35:37,470 --> 01:35:39,120
table, and there's really no reason for
2228
01:35:39,120 --> 01:35:40,920
that. One of the late greatest lessons I
2229
01:35:40,920 --> 01:35:43,650
learned from Larry Williams was the best
2230
01:35:43,650 --> 01:35:46,710
way to make money is hold to close. And
2231
01:35:46,710 --> 01:35:49,890
I did that as s&p trader and a bond
2232
01:35:49,890 --> 01:35:51,060
trader once day trading the futures
2233
01:35:51,060 --> 01:35:53,250
market. And it's absolutely true. I
2234
01:35:53,250 --> 01:35:54,630
mean, you leave a lot of money on the
2235
01:35:54,630 --> 01:35:55,980
table if you're just scalping and taking
2236
01:35:55,980 --> 01:35:57,240
couple pips and saying, okay, I want to
2237
01:35:57,240 --> 01:36:04,530
make my living on So, let's scroll
2238
01:36:04,530 --> 01:36:05,790
forward a little bit here. This is where
2239
01:36:05,790 --> 01:36:08,970
we're at intraday today. It's kind of
2240
01:36:08,970 --> 01:36:10,470
ugly if you look at really what's going
2241
01:36:10,470 --> 01:36:16,860
on yesterday as well. The the idea of
2242
01:36:16,860 --> 01:36:21,390
incorporating directional premise when
2243
01:36:21,390 --> 01:36:23,790
we have an area like this, okay, I'm
2244
01:36:23,790 --> 01:36:28,230
going to pull up another US dollar and
2245
01:36:28,230 --> 01:36:33,450
we're going to do the averages on a
2246
01:36:33,450 --> 01:36:41,610
daily chart. Okay, so we have a cross,
2247
01:36:41,940 --> 01:36:44,820
the 18 and 40. And he starts stalking
2248
01:36:44,850 --> 01:36:46,260
right here. This is a really good time.
2249
01:36:46,260 --> 01:36:51,090
So this actually occurs on July 21. So
2250
01:36:51,090 --> 01:36:53,220
we are in a really clear,
2251
01:36:53,640 --> 01:36:56,130
institutionally sponsored bull move on
2252
01:36:56,130 --> 01:36:59,340
the dollar. So that is going to be a
2253
01:36:59,340 --> 01:37:01,830
precursor To looking for cell scenarios
2254
01:37:01,860 --> 01:37:03,900
in firing cable, so remember this date,
2255
01:37:04,860 --> 01:37:10,170
July 21 2014. Now we go over to cable
2256
01:37:11,280 --> 01:37:14,640
and scope here like this one. And we're
2257
01:37:14,640 --> 01:37:19,560
going to apply same thing. Well, that's
2258
01:37:19,560 --> 01:37:20,400
not what I wanted to do.
2259
01:37:25,620 --> 01:37:30,750
Okay, so we have assuming we have a
2260
01:37:30,750 --> 01:37:37,410
delay in the crossover here until What
2261
01:37:37,410 --> 01:37:40,050
day is this? The 21st so we're looking
2262
01:37:40,050 --> 01:37:44,850
at 10 days later. Before we see the the
2263
01:37:45,270 --> 01:37:47,400
same thing occurring in cable in terms
2264
01:37:47,400 --> 01:37:49,620
of using using the moving averages. Now
2265
01:37:49,650 --> 01:37:52,200
that's for looking for swing trades,
2266
01:37:52,350 --> 01:37:55,200
okay. 18 and 40 is used for swing trades
2267
01:37:55,200 --> 01:37:57,330
or short term trades, the way we look
2268
01:37:57,330 --> 01:38:00,810
for day trades for for looking for Short
2269
01:38:00,810 --> 01:38:03,780
term, directional premise driven biased,
2270
01:38:04,410 --> 01:38:05,430
intraday trades.
2271
01:38:06,810 --> 01:38:09,990
We use 918. Okay 918 on a daily chart
2272
01:38:10,020 --> 01:38:12,510
gives us the buy model and sell model.
2273
01:38:12,840 --> 01:38:13,920
When it crossed, everything starts
2274
01:38:13,920 --> 01:38:16,260
stacking, you're in a buy mode, look for
2275
01:38:16,470 --> 01:38:18,780
open down moves in London by the London
2276
01:38:18,780 --> 01:38:21,510
open, wait for a higher close in London
2277
01:38:21,510 --> 01:38:24,330
close timeframe and that's how it works.
2278
01:38:24,390 --> 01:38:25,920
Okay if you're in New York trader you
2279
01:38:25,920 --> 01:38:28,830
look for that environment to occur wake
2280
01:38:28,830 --> 01:38:32,400
up in New York opening and get your
2281
01:38:32,400 --> 01:38:33,690
coffee get your doughnuts or wherever
2282
01:38:33,690 --> 01:38:36,090
you gonna be new stuff in your face not
2283
01:38:36,390 --> 01:38:38,640
advocate eating donuts but whatever you
2284
01:38:38,640 --> 01:38:40,650
do to yourself prepare for trading. What
2285
01:38:40,650 --> 01:38:41,640
you want to look for if you're in New
2286
01:38:41,640 --> 01:38:43,440
York trader is if you're in this
2287
01:38:43,440 --> 01:38:46,470
environment like this, London should
2288
01:38:46,470 --> 01:38:47,820
have made the low of the day and then
2289
01:38:47,820 --> 01:38:48,840
what'll happen is you'll see a minor
2290
01:38:48,840 --> 01:38:51,180
little retracement in New York open and
2291
01:38:51,180 --> 01:38:53,790
then it'll continue on and trading into
2292
01:38:53,790 --> 01:38:56,730
a higher close for when the clothes the
2293
01:38:56,730 --> 01:38:59,340
reverse is said for the moose. Once you
2294
01:38:59,340 --> 01:39:01,410
have the average score Lower here. Now
2295
01:39:01,980 --> 01:39:03,900
we have the averages crossing here and
2296
01:39:03,900 --> 01:39:06,960
this day is July 23. Now we're very
2297
01:39:06,960 --> 01:39:11,610
close now to seeing that 21st in July
2298
01:39:11,760 --> 01:39:14,250
when we saw the bullish move underway in
2299
01:39:14,250 --> 01:39:16,560
$1 See that? Okay right in here I'm just
2300
01:39:16,560 --> 01:39:18,120
using this little retracement here as a
2301
01:39:18,120 --> 01:39:19,680
reference point because I don't want to
2302
01:39:19,680 --> 01:39:21,090
chase price I'm gonna see some sort of a
2303
01:39:21,090 --> 01:39:25,350
retracement that happening in here Okay,
2304
01:39:25,350 --> 01:39:30,630
we see price on the 23rd in here. So we
2305
01:39:30,630 --> 01:39:32,010
have a little bit of a retracement here
2306
01:39:32,010 --> 01:39:35,100
and then crossing so when this day here
2307
01:39:35,100 --> 01:39:38,160
begins to sell program for looking for
2308
01:39:38,190 --> 01:39:40,560
down moves in the British Pound USD or
2309
01:39:40,560 --> 01:39:44,010
cable. Now that in mind, okay, we're
2310
01:39:44,010 --> 01:39:46,290
looking at candlesticks, candlesticks
2311
01:39:46,290 --> 01:39:48,360
are great, easy on the eye. But what I
2312
01:39:48,360 --> 01:39:51,060
really want you to pay attention to is
2313
01:39:51,090 --> 01:39:53,550
using the bar chart. So on this
2314
01:39:53,550 --> 01:39:55,620
timeframe now I want you to count the
2315
01:39:55,620 --> 01:39:58,410
level of or not not level but number of
2316
01:39:58,410 --> 01:39:59,970
days where we have open a rally in the
2317
01:40:00,000 --> 01:40:02,280
decline with a lower close. Okay, we
2318
01:40:02,280 --> 01:40:04,830
have it here. This is a Sunday unchanged
2319
01:40:04,830 --> 01:40:06,180
could have been losing day. We'll call
2320
01:40:06,180 --> 01:40:08,970
it a losing day. Open, rally, down,
2321
01:40:08,970 --> 01:40:10,860
close, open, rally down, close, open,
2322
01:40:10,860 --> 01:40:12,270
rally down close, open, rally down
2323
01:40:12,270 --> 01:40:14,820
close. Do you see what you've just done?
2324
01:40:15,240 --> 01:40:17,850
You've put yourself in the driver's seat
2325
01:40:18,570 --> 01:40:21,150
of a move that is completely out of your
2326
01:40:21,150 --> 01:40:23,880
hands, no control whatsoever. You can't
2327
01:40:23,880 --> 01:40:25,830
control price. But guess what you're
2328
01:40:25,830 --> 01:40:29,400
doing. You're riding right behind this
2329
01:40:29,400 --> 01:40:32,010
massive entity that we like to deem
2330
01:40:32,670 --> 01:40:34,980
smart money. No one else out there
2331
01:40:34,980 --> 01:40:38,370
really gets to the core of how to ride
2332
01:40:38,370 --> 01:40:39,600
their coattails. Well, you hear him?
2333
01:40:39,720 --> 01:40:41,190
They say, well, we were trying to ride.
2334
01:40:41,280 --> 01:40:42,660
We're trying to ride the coattails of
2335
01:40:42,660 --> 01:40:44,760
the smart money. Well, ICT tells you
2336
01:40:44,760 --> 01:40:46,830
exactly how to do that. It doesn't
2337
01:40:46,860 --> 01:40:49,260
provide you at every single day trade
2338
01:40:49,260 --> 01:40:50,820
opportunity. If you're focusing on one
2339
01:40:50,820 --> 01:40:53,580
pair. If you have a collaboration of
2340
01:40:53,880 --> 01:40:56,820
pairs, then yeah, you'll probably get a
2341
01:40:56,820 --> 01:40:59,010
trade every single day. Will you make 20
2342
01:40:59,010 --> 01:41:00,570
pips every single day probably Why not?
2343
01:41:00,870 --> 01:41:03,840
Can you make 20 pips average every day?
2344
01:41:04,020 --> 01:41:06,780
If you do trading like this, you break
2345
01:41:06,780 --> 01:41:08,220
it down yeah sure because you'll be
2346
01:41:08,220 --> 01:41:11,370
making 90 pips one day 40 pips another
2347
01:41:11,580 --> 01:41:13,740
250 pips another day and the average out
2348
01:41:13,740 --> 01:41:15,690
over 20 trading days you probably are
2349
01:41:15,690 --> 01:41:17,520
making 20 pips every single day and I do
2350
01:41:17,520 --> 01:41:19,080
that with my tongue in cheek, but that's
2351
01:41:19,080 --> 01:41:20,400
what I'm trying to say Don't think like
2352
01:41:20,400 --> 01:41:22,800
that don't have daily goals, okay, have
2353
01:41:22,800 --> 01:41:25,380
weekly goals. My weekly goal is anywhere
2354
01:41:25,380 --> 01:41:28,170
between 30 and 50 pips it used to be 75
2355
01:41:28,170 --> 01:41:30,330
pips a day, I'm sorry a week when we had
2356
01:41:30,330 --> 01:41:32,460
bigger, larger ranges, but guess what? I
2357
01:41:32,460 --> 01:41:35,640
adapted to the market and I've reduced
2358
01:41:35,640 --> 01:41:38,070
it and I got comfortable now with 30 and
2359
01:41:38,070 --> 01:41:41,490
50 pips, I can make more money than most
2360
01:41:41,550 --> 01:41:44,940
average Americans in the upper echelon,
2361
01:41:44,970 --> 01:41:47,820
okay, as you know, middle class, I can
2362
01:41:47,820 --> 01:41:49,920
do what they earn a year inside of a
2363
01:41:49,920 --> 01:41:52,800
month, and not even do more than 50 pips
2364
01:41:53,220 --> 01:41:56,940
a week. Not a day, a week. So I'm
2365
01:41:56,940 --> 01:41:58,440
comfortable having a whole lot of free
2366
01:41:58,440 --> 01:42:01,800
time doing one trade a week, I don't
2367
01:42:01,800 --> 01:42:03,420
need the money anymore. When you're
2368
01:42:03,420 --> 01:42:04,680
developing and you're and you're trying
2369
01:42:04,680 --> 01:42:05,940
to get to the point where you're, you're
2370
01:42:06,000 --> 01:42:08,520
living on your trading or when you don't
2371
01:42:08,550 --> 01:42:09,720
really need to trade anymore, which is
2372
01:42:09,720 --> 01:42:12,750
really where I'm at now. trading is fun
2373
01:42:12,750 --> 01:42:14,880
for me. But I like to obviously make
2374
01:42:14,880 --> 01:42:16,950
money too. But it's it's an interesting
2375
01:42:16,980 --> 01:42:20,280
way of living. And you all are pursuing
2376
01:42:20,280 --> 01:42:22,560
that, that lifestyle, the understand
2377
01:42:22,860 --> 01:42:25,890
that you are not going to have to do
2378
01:42:25,890 --> 01:42:28,560
that type of trading to do well. And
2379
01:42:28,560 --> 01:42:30,390
it's very important to understand that
2380
01:42:30,390 --> 01:42:32,010
because if you understand that, it
2381
01:42:32,010 --> 01:42:34,410
removes a whole lot of unnecessary
2382
01:42:34,410 --> 01:42:36,000
stress and pressure and I got to get it
2383
01:42:36,000 --> 01:42:38,430
done right now because I'm 49 years old,
2384
01:42:38,430 --> 01:42:40,620
and I gotta get my stuff paid off. If
2385
01:42:40,620 --> 01:42:41,820
you think like that, it's gonna be a
2386
01:42:41,820 --> 01:42:45,210
problem. So don't Okay. So now
2387
01:42:46,620 --> 01:42:48,540
we like to see that phenomenon take
2388
01:42:48,540 --> 01:42:51,060
place. So we know when July 21 we had a
2389
01:42:51,060 --> 01:42:54,900
sell program authorized by a rally up in
2390
01:42:54,900 --> 01:42:56,580
the dollar, similar words the averages
2391
01:42:56,790 --> 01:42:58,380
on the dollar on the daily chart, we're
2392
01:42:58,380 --> 01:43:00,690
opening and pointing up Which was seen
2393
01:43:00,690 --> 01:43:02,760
reverse here two days later on the
2394
01:43:02,760 --> 01:43:05,310
cable. So from here over to present,
2395
01:43:05,370 --> 01:43:07,680
this is what we have mapped out. So we
2396
01:43:07,680 --> 01:43:09,360
when we go down to a lower timeframe,
2397
01:43:09,720 --> 01:43:11,970
we're looking specifically for only
2398
01:43:11,970 --> 01:43:14,160
looking to sell not looking to buy.
2399
01:43:14,280 --> 01:43:15,780
Okay, can you make money buying? Sure
2400
01:43:15,780 --> 01:43:17,940
you can. I don't like that idea and I
2401
01:43:17,940 --> 01:43:18,990
think people that trade against
2402
01:43:18,990 --> 01:43:20,580
institution sponsors are absolutely
2403
01:43:20,580 --> 01:43:23,520
nuts. Okay. Sorry I just that's just the
2404
01:43:23,520 --> 01:43:25,410
way I feel. And the majority of the
2405
01:43:25,410 --> 01:43:27,150
money is being made when you're having
2406
01:43:27,150 --> 01:43:29,340
institutional flows behind you. Not
2407
01:43:29,460 --> 01:43:31,050
trading against it. Okay, I'm not gonna
2408
01:43:31,050 --> 01:43:32,880
arm wrestle ups. I'm just not going to
2409
01:43:32,880 --> 01:43:34,890
do it. So looking at where we're at here
2410
01:43:35,730 --> 01:43:38,430
is the down move self programming in the
2411
01:43:38,430 --> 01:43:40,800
charts. We go down one more level to
2412
01:43:40,830 --> 01:43:45,480
four hour Okay, and we move over to
2413
01:43:46,470 --> 01:43:51,360
present Okay, and when we have the
2414
01:43:51,360 --> 01:43:53,940
averages broken down on that as well,
2415
01:43:54,450 --> 01:43:56,850
because this is our intraday timeframe
2416
01:43:56,880 --> 01:43:59,280
for our okay for ours our intraday
2417
01:43:59,280 --> 01:44:00,900
timeframe. So when averages are going
2418
01:44:00,900 --> 01:44:03,840
lower, we have a green light, go look
2419
01:44:03,840 --> 01:44:07,620
for openings and Judas swings higher in
2420
01:44:07,620 --> 01:44:11,640
London sell into that. Also, if London
2421
01:44:11,640 --> 01:44:12,900
makes that high, we're going to talk
2422
01:44:12,900 --> 01:44:14,280
about New York in a second. But we're
2423
01:44:14,280 --> 01:44:15,660
going to look for the New York session,
2424
01:44:15,720 --> 01:44:17,490
Judas swing and how we incorporate that.
2425
01:44:17,760 --> 01:44:20,880
But right in here, okay, we have a very
2426
01:44:20,880 --> 01:44:23,760
nice indication of we're in sync with
2427
01:44:23,760 --> 01:44:26,160
the marketplace. And who's a marketplace
2428
01:44:26,190 --> 01:44:28,200
smart money. So now what we'll do is
2429
01:44:28,200 --> 01:44:33,630
we'll add our vertical lines delineating
2430
01:44:35,700 --> 01:44:37,080
the period separation and we're going to
2431
01:44:37,080 --> 01:44:43,050
go down to a 15 minute time frame. And
2432
01:44:43,050 --> 01:44:46,260
we're going to zoom out a little bit
2433
01:44:46,260 --> 01:44:50,670
more. Okay, from this point here to
2434
01:44:50,670 --> 01:44:52,530
present, okay, I want you to look at the
2435
01:44:52,530 --> 01:44:54,060
chart, and I want you to do this on your
2436
01:44:54,060 --> 01:44:55,590
own tracks. I'm not going to do every
2437
01:44:55,590 --> 01:44:59,880
single one. But once you get down to sub
2438
01:45:00,330 --> 01:45:02,100
For our you don't need a moving averages
2439
01:45:02,100 --> 01:45:03,330
anymore so you take the moving averages
2440
01:45:03,330 --> 01:45:04,800
off your charts because you don't want
2441
01:45:04,800 --> 01:45:06,510
to be paying any attention to it under
2442
01:45:06,510 --> 01:45:08,070
four hours. They don't mean anything to
2443
01:45:08,070 --> 01:45:10,860
you. If you're a scalper you can use the
2444
01:45:11,040 --> 01:45:14,040
one hour timeframe and trade when it's
2445
01:45:14,070 --> 01:45:15,750
in sync with that as well but I do not
2446
01:45:15,750 --> 01:45:17,070
want scalping and I should have probably
2447
01:45:17,070 --> 01:45:18,870
never told you that but if you are
2448
01:45:18,870 --> 01:45:20,430
looking for scalping then that's how you
2449
01:45:20,430 --> 01:45:22,740
use it with a one hour but anything less
2450
01:45:22,740 --> 01:45:24,030
than four hour I'm not interested in
2451
01:45:24,030 --> 01:45:25,650
with moving averages, okay because I've
2452
01:45:25,650 --> 01:45:26,880
already arrived at a higher timeframe
2453
01:45:26,880 --> 01:45:28,290
institutional sponsors that based on
2454
01:45:28,590 --> 01:45:33,330
daily and four hour now, looking at what
2455
01:45:33,330 --> 01:45:35,490
we have here, okay, what you're looking
2456
01:45:35,490 --> 01:45:38,190
at is every single vertical line
2457
01:45:38,220 --> 01:45:40,560
represents a new trading day at zero GMT
2458
01:45:41,670 --> 01:45:44,610
shortly after, okay, when we add the
2459
01:45:44,610 --> 01:45:49,380
period separator and again, I'll share
2460
01:45:49,380 --> 01:45:51,390
this with you guys. I'm going to put
2461
01:45:51,420 --> 01:45:55,680
five GMT which is midnight my time Okay,
2462
01:45:55,680 --> 01:45:57,090
which is going to be represented by this
2463
01:45:57,360 --> 01:45:58,860
white line, which now I'm going to
2464
01:45:58,860 --> 01:46:00,840
change because I don't like that doesn't
2465
01:46:00,870 --> 01:46:02,580
pop off the charts so you guys can see
2466
01:46:02,580 --> 01:46:08,580
it clearly. Let's go to colors and
2467
01:46:08,580 --> 01:46:11,310
that's not working right here. See what
2468
01:46:11,310 --> 01:46:17,580
I want? See if I can go to jump with the
2469
01:46:18,150 --> 01:46:23,670
Red Mountain No, it's not doing well.
2470
01:46:23,730 --> 01:46:25,710
I'm not sure how to do it I'm probably
2471
01:46:25,950 --> 01:46:27,480
figured out after the video and look
2472
01:46:27,480 --> 01:46:29,100
foolish but oh well it is what it is
2473
01:46:29,130 --> 01:46:30,270
you'll just have to make deal with it.
2474
01:46:30,630 --> 01:46:33,390
The white line in here is midnight
2475
01:46:33,390 --> 01:46:36,420
timeframe. Okay in New York. So what
2476
01:46:36,420 --> 01:46:40,470
you're looking for is a rally after the
2477
01:46:40,470 --> 01:46:42,120
white line, okay, or in other words, a
2478
01:46:42,120 --> 01:46:44,730
rally to the right of that white line
2479
01:46:44,850 --> 01:46:47,070
each day the rally that occurs after
2480
01:46:47,070 --> 01:46:52,290
that white line and up to the ending of
2481
01:46:52,320 --> 01:46:55,200
New York ICT kills in I'm sorry, London
2482
01:46:55,230 --> 01:46:58,380
open kill zone for ICT timeframe between
2483
01:46:59,010 --> 01:47:00,630
two o'clock in the morning. You time at
2484
01:47:00,630 --> 01:47:01,950
four o'clock in the morning New York
2485
01:47:01,950 --> 01:47:06,360
time, okay? or seven GMT, nine GMT. Okay
2486
01:47:06,360 --> 01:47:07,980
and again understand that it can go as
2487
01:47:07,980 --> 01:47:11,910
late as 10 GMT, or as early as six GMT
2488
01:47:11,940 --> 01:47:13,230
or one o'clock in the morning to is
2489
01:47:13,230 --> 01:47:14,850
latest 5am New York time.
2490
01:47:16,740 --> 01:47:19,020
So it'll go through this video a couple
2491
01:47:19,020 --> 01:47:20,670
different times because I know I'm
2492
01:47:20,670 --> 01:47:21,900
probably confusing you going back and
2493
01:47:21,900 --> 01:47:23,190
forth between the two but understand
2494
01:47:23,190 --> 01:47:25,380
it's simply a window of opportunity when
2495
01:47:25,380 --> 01:47:27,510
the higher low is formed for the day. We
2496
01:47:27,510 --> 01:47:29,970
understand that inside this orange box,
2497
01:47:30,000 --> 01:47:32,610
the point of the box is it's keeping
2498
01:47:32,610 --> 01:47:34,530
your perspective and only looking to be
2499
01:47:34,530 --> 01:47:37,470
a seller. You see the power in that you
2500
01:47:37,470 --> 01:47:39,840
do not want to be buying. There's no
2501
01:47:39,840 --> 01:47:41,850
reason to be a buyer. Why would you want
2502
01:47:41,850 --> 01:47:45,180
to do that? You're buying okay in an
2503
01:47:45,210 --> 01:47:47,460
environment where the the large
2504
01:47:47,550 --> 01:47:50,160
institutional sponsorship, okay is
2505
01:47:50,160 --> 01:47:53,550
saying, I am not wanting to be long I
2506
01:47:53,550 --> 01:47:56,610
want to sell. So who has more money?
2507
01:47:57,900 --> 01:48:00,330
Credit Suisse or Michael Hello And
2508
01:48:01,620 --> 01:48:03,810
clearly, I'm not trying to go against
2509
01:48:03,810 --> 01:48:06,210
these guys, okay? And when you're on the
2510
01:48:06,210 --> 01:48:09,150
same side as them, trading works out,
2511
01:48:09,420 --> 01:48:11,430
it's just explained other than that it
2512
01:48:11,430 --> 01:48:14,580
just works out. So looking at every
2513
01:48:14,580 --> 01:48:16,560
single day, okay, what you're going to
2514
01:48:16,560 --> 01:48:18,450
look for is there's going to be a
2515
01:48:19,170 --> 01:48:22,170
retracement or a swing higher. It could
2516
01:48:22,170 --> 01:48:24,060
be an initial swing up for that make the
2517
01:48:24,060 --> 01:48:25,560
high today or it could be inside of the
2518
01:48:25,560 --> 01:48:26,910
range that was already established from
2519
01:48:26,910 --> 01:48:29,250
the opening at zero GMT, which is zero
2520
01:48:29,250 --> 01:48:31,260
GMT openings are the darker vertical
2521
01:48:31,260 --> 01:48:33,510
dashed lines. The white lines are New
2522
01:48:33,510 --> 01:48:36,150
York midnight timeframe. Okay. So now
2523
01:48:36,150 --> 01:48:38,100
let's zoom in and go to the beginning.
2524
01:48:38,490 --> 01:48:40,650
And it said, the candlesticks because
2525
01:48:40,650 --> 01:48:44,280
it's a little bit easier to see. So
2526
01:48:44,280 --> 01:48:45,810
here's your vertical line here, New
2527
01:48:45,810 --> 01:48:48,210
York, midnight. Okay, we don't care
2528
01:48:48,240 --> 01:48:49,920
about the move lower. We don't chase
2529
01:48:49,920 --> 01:48:51,960
that. We do not care about that. We want
2530
01:48:51,960 --> 01:48:54,960
to see the rallies up. Okay. When this
2531
01:48:54,960 --> 01:48:57,690
rallying up, we already have to have in
2532
01:48:57,690 --> 01:49:00,000
mind where the old highs are stopped
2533
01:49:00,000 --> 01:49:05,490
above it. Turtle suit So okay, new day
2534
01:49:05,490 --> 01:49:07,200
here. Now I'm not going to go through
2535
01:49:07,200 --> 01:49:09,540
all the details about how how far it
2536
01:49:09,540 --> 01:49:10,920
went what time it stopped and all that
2537
01:49:10,920 --> 01:49:12,600
business you can do that on your own and
2538
01:49:12,600 --> 01:49:13,860
I'm encouraging you to that's the point
2539
01:49:13,860 --> 01:49:16,170
of me showing you this. Here again, we
2540
01:49:16,170 --> 01:49:19,170
had midnight timeframe. The opening
2541
01:49:19,170 --> 01:49:21,360
price here. Okay, we don't care about
2542
01:49:21,360 --> 01:49:23,310
the move lower. We want to be above the
2543
01:49:23,310 --> 01:49:24,960
opening price much in the same basket
2544
01:49:24,960 --> 01:49:26,910
here. We have the opening price here at
2545
01:49:27,420 --> 01:49:28,920
the vertical line, it's white in here.
2546
01:49:29,400 --> 01:49:31,470
We want to be selling above that price.
2547
01:49:31,500 --> 01:49:33,660
It has to be above that price, or we
2548
01:49:33,660 --> 01:49:36,600
ain't selling. That's the filter. Okay.
2549
01:49:38,160 --> 01:49:39,510
You're selling above the opening price
2550
01:49:39,510 --> 01:49:42,450
here. Here's the rally up. Boom, you
2551
01:49:42,450 --> 01:49:47,490
sell it. Okay. Here is the opening
2552
01:49:47,490 --> 01:49:49,950
price. Very modest little move above it
2553
01:49:50,160 --> 01:49:52,470
doesn't matter. It's all you need. Sell
2554
01:49:52,470 --> 01:50:00,210
it down move. You have optimal Trade
2555
01:50:00,210 --> 01:50:01,860
entry in here you could have traded this
2556
01:50:01,860 --> 01:50:03,510
one here and even taking profits too
2557
01:50:03,570 --> 01:50:07,560
low. It could have done 1520 pips, okay,
2558
01:50:07,560 --> 01:50:09,510
but then it reversed and traded higher,
2559
01:50:09,840 --> 01:50:11,880
came back and could have stopped you if
2560
01:50:11,880 --> 01:50:15,330
you had your stop loss lowered in here.
2561
01:50:15,420 --> 01:50:16,620
So this could have been a day where you
2562
01:50:16,620 --> 01:50:17,940
could have made mine and you could have
2563
01:50:17,940 --> 01:50:19,470
lost it or you could have just simply
2564
01:50:19,470 --> 01:50:22,290
did nothing. It is a Friday, I don't
2565
01:50:22,290 --> 01:50:23,850
want to trade Friday, so that kind of
2566
01:50:23,850 --> 01:50:25,560
falls into category in itself as well.
2567
01:50:25,560 --> 01:50:27,510
So I like to trade predominantly
2568
01:50:27,540 --> 01:50:29,700
Tuesday, Wednesdays and Thursdays. If I
2569
01:50:29,700 --> 01:50:32,280
made money on Tuesdays or Wednesdays I
2570
01:50:32,280 --> 01:50:33,660
don't do any trading rest of the week.
2571
01:50:36,540 --> 01:50:40,020
We have the scenario here. Here's
2572
01:50:40,110 --> 01:50:43,050
midnight and the price rallies up. We
2573
01:50:43,050 --> 01:50:45,870
have old highs back here clean highs so
2574
01:50:45,870 --> 01:50:47,850
above that would be what stops look for
2575
01:50:47,850 --> 01:50:49,020
a price to rally up to that and then
2576
01:50:49,020 --> 01:50:52,140
reject and you see that happening here.
2577
01:50:52,170 --> 01:50:53,610
It tooks a little bit longer into the
2578
01:50:53,610 --> 01:50:55,140
next day but we have an optimal trade
2579
01:50:55,140 --> 01:50:57,000
entry here trades back up to an a
2580
01:50:57,000 --> 01:50:59,160
bearish order block the last bullish
2581
01:50:59,160 --> 01:51:01,470
move up Look at that low, draw that out
2582
01:51:01,470 --> 01:51:03,390
in time, comes right back to that price
2583
01:51:03,390 --> 01:51:05,490
point. Also notice that it's also taking
2584
01:51:05,640 --> 01:51:08,550
an old high here. After midnight, see
2585
01:51:08,550 --> 01:51:11,160
the rally up, it's taken out stop. And
2586
01:51:11,160 --> 01:51:13,200
its ultimate ultimate, excuse me,
2587
01:51:13,560 --> 01:51:15,120
ultimately also fulfilling an optimal
2588
01:51:15,120 --> 01:51:16,920
trade entry. Pull your fear from this
2589
01:51:16,920 --> 01:51:18,420
high down to the low and a new A lot of
2590
01:51:18,420 --> 01:51:19,740
you guys are saying, Well, can you just
2591
01:51:19,740 --> 01:51:21,060
do it? Michael, can you just put the
2592
01:51:21,060 --> 01:51:22,950
fifth one here so I can just see it?
2593
01:51:25,890 --> 01:51:27,930
Right here, optimal trade entry boom.
2594
01:51:28,110 --> 01:51:32,370
Where's the candle here? That is 845 GMT
2595
01:51:32,880 --> 01:51:35,220
surprised as to London open kill zone.
2596
01:51:35,940 --> 01:51:37,530
And then as your move going lower
2597
01:51:39,899 --> 01:51:40,949
how many trades that we've seen so far?
2598
01:51:40,949 --> 01:51:43,859
Guys? You catch them enough pips? Just
2599
01:51:43,859 --> 01:51:48,299
this day alone? Is 10 2030 4050 pips
2600
01:51:48,329 --> 01:51:50,369
easily that one day. That's one that's
2601
01:51:50,369 --> 01:51:52,019
one week. That's it. I'm done. That's
2602
01:51:52,019 --> 01:51:53,339
it. It's the whole week for me. I'm not
2603
01:51:53,339 --> 01:51:55,859
worried about trading anymore. Okay. Now
2604
01:51:55,859 --> 01:51:59,519
here's a optimal trade entry inside of
2605
01:51:59,519 --> 01:52:01,199
the range. It's already happened here.
2606
01:52:01,199 --> 01:52:03,959
Now, why am I using it like this? Why am
2607
01:52:03,959 --> 01:52:06,479
I going to pull it from here to here to
2608
01:52:06,479 --> 01:52:07,859
get optimal trade entry in here? Well,
2609
01:52:07,859 --> 01:52:10,379
because we took an AP, we take out a
2610
01:52:10,379 --> 01:52:13,289
previous day's low. When you see that
2611
01:52:13,319 --> 01:52:14,489
the chances of it coming all the way
2612
01:52:14,489 --> 01:52:17,219
back up here is unlikely. It's unlikely,
2613
01:52:17,219 --> 01:52:18,569
especially when you're in a down move
2614
01:52:18,569 --> 01:52:20,189
when the when it's heavily weighted to
2615
01:52:20,189 --> 01:52:23,429
meet moving lower, longer term. On a
2616
01:52:23,429 --> 01:52:24,779
higher time frame basis, like a daily
2617
01:52:24,779 --> 01:52:27,719
chart, you're really expecting too much
2618
01:52:27,719 --> 01:52:30,479
of the market. Okay. And with that
2619
01:52:30,479 --> 01:52:38,369
understood, here's the midnight high in
2620
01:52:38,369 --> 01:52:42,239
New York. spent on the low, here it is,
2621
01:52:42,749 --> 01:52:43,949
and goes right up to the sweet spot
2622
01:52:43,949 --> 01:52:45,959
right to the PIP. And that's difficult
2623
01:52:45,959 --> 01:52:47,459
to see but do this on your own charts.
2624
01:52:47,489 --> 01:52:49,289
Okay, I'm just giving you the framework.
2625
01:52:49,649 --> 01:52:52,019
But we we had a low previous day went
2626
01:52:52,019 --> 01:52:54,059
down, blew through it thinking right
2627
01:52:54,059 --> 01:52:55,679
back up, trade it back inside this
2628
01:52:55,679 --> 01:52:58,529
consolidation, then down goes notice
2629
01:52:58,529 --> 01:52:59,879
that it also went up to this previous
2630
01:52:59,879 --> 01:53:04,019
one block is the down, no down, it's up
2631
01:53:04,139 --> 01:53:06,839
candle, the up candle prior to the down
2632
01:53:06,839 --> 01:53:08,849
move, if you use this little candle on
2633
01:53:08,849 --> 01:53:10,559
here as well, same thing goes right down
2634
01:53:10,559 --> 01:53:14,309
to that low and trades off. Okay, that's
2635
01:53:14,309 --> 01:53:16,319
how precise you can get. But again,
2636
01:53:16,529 --> 01:53:17,549
because you're doing what you're
2637
01:53:17,549 --> 01:53:19,979
focusing on being a bear, why? Because
2638
01:53:19,979 --> 01:53:21,899
institutional sponsorship suggests that
2639
01:53:22,259 --> 01:53:24,569
they're long the dollar, which means
2640
01:53:24,569 --> 01:53:26,339
it's gonna be downward pressure on the
2641
01:53:26,339 --> 01:53:27,659
cable, and we have institutional
2642
01:53:27,659 --> 01:53:28,829
sponsorship because averages are
2643
01:53:29,339 --> 01:53:30,689
pointing lower on cable and they're
2644
01:53:30,689 --> 01:53:33,389
opening up wide. So we don't want to
2645
01:53:33,419 --> 01:53:35,519
buck that trend. We want to stay with
2646
01:53:35,519 --> 01:53:37,919
that trend. We don't care about picking
2647
01:53:37,919 --> 01:53:39,329
the bottoms we don't care about that.
2648
01:53:39,359 --> 01:53:41,159
Nobody wants to nobody wants to pick the
2649
01:53:41,159 --> 01:53:43,979
bottom in ICT camp when we're in a bear
2650
01:53:43,979 --> 01:53:45,839
market. Okay, we don't care about that.
2651
01:53:46,019 --> 01:53:47,459
We're gonna make all kinds of money and
2652
01:53:47,459 --> 01:53:49,349
pips just going with institutional
2653
01:53:49,349 --> 01:53:51,359
sponsorship. Okay, just take all that
2654
01:53:51,359 --> 01:53:54,389
want to be right out of it. Okay. All
2655
01:53:54,389 --> 01:53:56,039
right. So we have another little rally
2656
01:53:56,039 --> 01:53:58,109
in here. Okay, after after midnight
2657
01:53:58,109 --> 01:53:59,249
timeframe. Now you're saying Oh, wait a
2658
01:53:59,249 --> 01:54:00,929
minute. It's not that's not Much, right?
2659
01:54:01,649 --> 01:54:03,929
It doesn't have to be much. Okay, look
2660
01:54:03,959 --> 01:54:06,719
over here. What do you see? See this big
2661
01:54:06,719 --> 01:54:09,329
move down. There's an institutional
2662
01:54:09,599 --> 01:54:11,789
order block right in here, the bullish
2663
01:54:11,789 --> 01:54:13,439
candle prior to the move lower, that's
2664
01:54:13,439 --> 01:54:15,839
where the the selling is going to be. So
2665
01:54:15,839 --> 01:54:24,509
if you add that level right here, price
2666
01:54:24,539 --> 01:54:26,489
trades back to that level, we expect to
2667
01:54:26,489 --> 01:54:30,149
see selling pressure. Add to that. Okay,
2668
01:54:30,239 --> 01:54:31,769
I'm going to darken this up in a
2669
01:54:31,799 --> 01:54:37,739
different color line. Okay, we'll make
2670
01:54:37,739 --> 01:54:40,979
it read. Okay, so there's your order
2671
01:54:40,979 --> 01:54:44,309
block it traded into. Now add to it
2672
01:54:44,309 --> 01:54:52,679
also, the fib. See the high here? This
2673
01:54:52,679 --> 01:54:54,179
downswing here, this is the parent price
2674
01:54:54,179 --> 01:54:56,519
swing and you're still low.
2675
01:54:58,410 --> 01:54:59,100
Right there.
2676
01:55:00,479 --> 01:55:01,889
price comes right up to the sweet spot
2677
01:55:01,919 --> 01:55:04,139
boom. When's it happen after midnight?
2678
01:55:04,949 --> 01:55:08,519
Right up near bang, okay. sells off.
2679
01:55:09,449 --> 01:55:14,219
Okay. early that day didn't give you the
2680
01:55:14,219 --> 01:55:17,849
classic 2am timeframe but on this day
2681
01:55:17,879 --> 01:55:23,969
occurs at 545 while you're 15 minutes
2682
01:55:23,969 --> 01:55:28,559
early, so you may have to catch the
2683
01:55:28,559 --> 01:55:31,409
order block that was here. Trading up in
2684
01:55:31,439 --> 01:55:35,639
to the still early Frankfurt it's 630
2685
01:55:35,639 --> 01:55:38,819
GMT unless you were probably doing limit
2686
01:55:38,819 --> 01:55:40,889
orders or just simply being up and awake
2687
01:55:40,889 --> 01:55:43,259
and just watching it. You may not have
2688
01:55:43,739 --> 01:55:45,419
honestly may not have gotten a really
2689
01:55:45,419 --> 01:55:48,479
good feel on this one. Or maybe even
2690
01:55:48,479 --> 01:55:50,579
missed the move all together. which is
2691
01:55:50,639 --> 01:55:56,009
which is realistic. Okay, we have
2692
01:55:56,009 --> 01:55:57,719
another one here. This is a real classic
2693
01:55:57,719 --> 01:56:02,609
one. If the hi In low, here's the move
2694
01:56:02,639 --> 01:56:03,899
up after midnight
2695
01:56:05,160 --> 01:56:05,760
rallies up.
2696
01:56:07,080 --> 01:56:08,580
And you've probably already seen it
2697
01:56:08,580 --> 01:56:14,010
before I put it on the chart. Let's get
2698
01:56:14,010 --> 01:56:17,220
this one off. Right up there perfect
2699
01:56:17,220 --> 01:56:20,610
optimal trade entry BAM 79%. Slam, which
2700
01:56:20,610 --> 01:56:23,250
is one we would we discussed and not
2701
01:56:23,250 --> 01:56:26,760
surprisingly. Okay, here's one. Okay.
2702
01:56:26,790 --> 01:56:27,900
And this is good that we're showing
2703
01:56:27,900 --> 01:56:32,100
this. We have salvation rally up, takes
2704
01:56:32,100 --> 01:56:34,950
out an old little high in here, okay?
2705
01:56:35,130 --> 01:56:37,170
That would be honestly this would be one
2706
01:56:37,170 --> 01:56:38,550
that you could have traded with the
2707
01:56:38,550 --> 01:56:41,100
anticipation intense it is easy for me
2708
01:56:41,100 --> 01:56:45,390
to say anticipating rather the move
2709
01:56:45,390 --> 01:56:48,480
trading lower. Okay. And while it does
2710
01:56:48,480 --> 01:56:50,310
trade lower, it does come back
2711
01:56:50,370 --> 01:56:52,350
ultimately and rejects and trades
2712
01:56:52,350 --> 01:56:54,870
higher. And you saw price come back
2713
01:56:54,900 --> 01:56:56,700
rather explosively and that's because we
2714
01:56:56,700 --> 01:56:59,280
have a gap right here. Okay. Whenever
2715
01:56:59,280 --> 01:57:01,020
you have gaps in Your chart you want to
2716
01:57:01,020 --> 01:57:03,000
kind of put blocks on that extend them
2717
01:57:03,000 --> 01:57:04,680
out in time because price will come back
2718
01:57:04,680 --> 01:57:08,970
up to these and fill that okay? much in
2719
01:57:08,970 --> 01:57:12,810
the same vein it does here and actually
2720
01:57:12,810 --> 01:57:18,480
traded this at 168 54 was my entry and
2721
01:57:18,480 --> 01:57:20,640
it just took 20 pips I didn't capture
2722
01:57:20,640 --> 01:57:23,370
anything much more than that. But same
2723
01:57:23,370 --> 01:57:26,190
thing happening here. I know you're
2724
01:57:26,190 --> 01:57:27,150
probably saying wait a minute you just
2725
01:57:27,150 --> 01:57:29,910
bought during a buy program I mean sell
2726
01:57:29,910 --> 01:57:31,770
program. Yeah, because we have this gap
2727
01:57:31,770 --> 01:57:33,480
in here and it was smaller intraday
2728
01:57:33,480 --> 01:57:36,240
scalp and I hadn't caught hadn't caught
2729
01:57:36,240 --> 01:57:37,860
anything. Because there's a lot of
2730
01:57:37,860 --> 01:57:39,180
personal things going on my life and I
2731
01:57:39,180 --> 01:57:41,190
just wanted to be able to take something
2732
01:57:41,190 --> 01:57:43,350
out for the week and be done. And that's
2733
01:57:43,350 --> 01:57:45,750
what it is. So I have a birthday coming
2734
01:57:45,750 --> 01:57:48,420
up this Friday on the big 42. So I'm
2735
01:57:48,420 --> 01:57:51,120
trying to clear my my schedule out. So
2736
01:57:51,480 --> 01:57:54,780
that's that's the reason for the little
2737
01:57:55,230 --> 01:57:57,990
nobody moving here. I haven't been able
2738
01:57:57,990 --> 01:58:00,540
to be in front of the charts. To capture
2739
01:58:00,540 --> 01:58:02,310
anything in here, and honestly, there
2740
01:58:02,310 --> 01:58:06,150
isn't anything in here that would be you
2741
01:58:06,150 --> 01:58:07,500
know, something I could say my tools
2742
01:58:07,500 --> 01:58:10,710
were able to deliver. So, outside of
2743
01:58:10,710 --> 01:58:12,120
that little little minor move in here,
2744
01:58:12,150 --> 01:58:13,470
there's been nothing for me to trade
2745
01:58:13,470 --> 01:58:17,520
this week. And ultimately, I'm going to
2746
01:58:17,520 --> 01:58:19,290
be focusing on just the fiber. I'm
2747
01:58:19,290 --> 01:58:20,730
sorry, the cable not the fiber anymore.
2748
01:58:20,730 --> 01:58:22,440
Going forward. We do our live sessions
2749
01:58:22,440 --> 01:58:24,600
because I just want to be working on one
2750
01:58:24,600 --> 01:58:27,720
pair. But we talked about the power
2751
01:58:27,720 --> 01:58:29,520
three, we talked about you two swings. I
2752
01:58:29,520 --> 01:58:31,410
did not cover Did you just swing for New
2753
01:58:31,410 --> 01:58:38,580
York? So let's do that now. All right.
2754
01:58:38,730 --> 01:58:40,620
New York session typically sees an
2755
01:58:40,620 --> 01:58:45,780
opening around 7am New York time, okay,
2756
01:58:45,780 --> 01:58:48,120
and you can use 12 GMT. Now what I like
2757
01:58:48,120 --> 01:58:51,360
to look at is I want to see what 6am
2758
01:58:52,080 --> 01:58:55,680
okay 6am, which is 11 GMT. I want to see
2759
01:58:55,680 --> 01:58:57,720
that vertical line, and that'll give you
2760
01:58:57,720 --> 01:59:02,640
your Judas swing parameter. Okay for the
2761
01:59:02,670 --> 01:59:05,880
New York session. Now, let's go back and
2762
01:59:05,880 --> 01:59:07,110
look at this example. And I'll tell you
2763
01:59:07,110 --> 01:59:09,150
why I did what I did against the trend.
2764
01:59:10,410 --> 01:59:13,950
We had a possible low formed here
2765
01:59:13,950 --> 01:59:15,750
because we have really aggressive move
2766
01:59:16,500 --> 01:59:18,630
form right off of this, this price point
2767
01:59:18,630 --> 01:59:20,610
here, and this is actually 745 GMT.
2768
01:59:21,510 --> 01:59:24,240
Okay, price snaps up aggressively, and
2769
01:59:24,240 --> 01:59:27,060
then it leaves a gap. All I wanted to do
2770
01:59:27,060 --> 01:59:28,560
see if it would come back up to this,
2771
01:59:28,620 --> 01:59:30,270
and I was trying to play an optimal
2772
01:59:30,270 --> 01:59:31,560
trade entry for continuation going
2773
01:59:31,560 --> 01:59:34,920
lower, but I was using the exit for the
2774
01:59:34,920 --> 01:59:35,970
optimal trade entry pattern. In other
2775
01:59:35,970 --> 01:59:37,170
words, I was looking at this.
2776
01:59:42,720 --> 01:59:45,630
I was using this area here to exit my
2777
01:59:45,630 --> 01:59:48,840
long pricing down filled the gap. But
2778
01:59:48,840 --> 01:59:50,100
more importantly, I want you to look at
2779
01:59:50,100 --> 01:59:51,810
what's going on. This is what I was
2780
01:59:51,810 --> 01:59:54,120
trading off of. I was betting that this
2781
01:59:54,120 --> 01:59:56,610
was the low of the day. Why? Because it
2782
01:59:56,610 --> 01:59:58,980
was happening in London, London, blew up
2783
01:59:58,980 --> 02:00:01,530
real hard and then retreat. Okay, and
2784
02:00:01,530 --> 02:00:03,390
fill the gap. If there was no gap in
2785
02:00:03,390 --> 02:00:04,590
here, I never would have took this trade
2786
02:00:04,650 --> 02:00:06,030
ever would have considered taking the
2787
02:00:06,030 --> 02:00:09,000
trade. But because there was a gap. I
2788
02:00:09,000 --> 02:00:11,490
went long in here with the expectation
2789
02:00:11,610 --> 02:00:13,320
that I would see a further move higher
2790
02:00:13,350 --> 02:00:16,920
why the vertical line delineates 11 GMT
2791
02:00:16,950 --> 02:00:19,710
or 6am, New York time? If we're going to
2792
02:00:19,710 --> 02:00:21,510
be a buyer, what do we like to see first
2793
02:00:21,540 --> 02:00:23,820
and Judas swing perspective? A down
2794
02:00:23,820 --> 02:00:25,830
move, see what it's done. Here's the
2795
02:00:25,830 --> 02:00:28,530
white line. This is New York. Judas
2796
02:00:28,590 --> 02:00:31,140
parameter like the five GMT New York for
2797
02:00:31,140 --> 02:00:33,570
London. We want to see a move down.
2798
02:00:33,930 --> 02:00:36,750
Also, it fills in a gap and it trades
2799
02:00:36,750 --> 02:00:40,470
into a previous order block rallies. See
2800
02:00:40,470 --> 02:00:47,070
that. If you are looking at over here
2801
02:00:51,030 --> 02:00:55,080
you have your London open down day. Here
2802
02:00:55,080 --> 02:00:56,820
is the New York session. So how do you
2803
02:00:56,820 --> 02:00:59,220
get in sync with getting in New York
2804
02:00:59,430 --> 02:01:02,250
while you want to see rally after 11 GMT
2805
02:01:02,250 --> 02:01:04,980
or 6am that rally that occurs later on.
2806
02:01:05,220 --> 02:01:08,460
That'll be the retracement inside of the
2807
02:01:08,700 --> 02:01:13,740
existing daily range. right up in here
2808
02:01:13,770 --> 02:01:16,740
60% sell here. Try to get back to the
2809
02:01:16,740 --> 02:01:18,840
old low. Notice it doesn't do it here.
2810
02:01:19,200 --> 02:01:23,250
Failed trade. Okay. I'm giving you what
2811
02:01:23,280 --> 02:01:25,500
would what would happen guys I mean I'm
2812
02:01:25,770 --> 02:01:27,090
trying to keep it as real as I possibly
2813
02:01:27,090 --> 02:01:30,480
can you have a scenario here as well
2814
02:01:30,510 --> 02:01:33,360
yeah, the high coming off of the London
2815
02:01:33,360 --> 02:01:36,300
session trades down. We want to see a
2816
02:01:36,300 --> 02:01:39,420
rally after New York. Okay after New
2817
02:01:39,420 --> 02:01:39,750
York
2818
02:01:45,870 --> 02:01:48,090
never gives it to you here and you have
2819
02:01:48,090 --> 02:01:49,830
to wait to the final day on online.
2820
02:01:56,430 --> 02:02:00,360
Down moving here. You have You want to
2821
02:02:00,360 --> 02:02:02,460
see a retracement of some sort? Okay
2822
02:02:02,460 --> 02:02:07,620
retracement is again a New York can be
2823
02:02:07,620 --> 02:02:09,570
used for position trading guys that
2824
02:02:09,570 --> 02:02:12,450
can't be up there in London whatever you
2825
02:02:12,450 --> 02:02:15,000
would sell short here. You have to ride
2826
02:02:15,000 --> 02:02:17,070
out all through the previous I mean
2827
02:02:17,070 --> 02:02:19,050
sorry the next London session so you
2828
02:02:19,050 --> 02:02:20,460
can't move your stop you can't do
2829
02:02:20,460 --> 02:02:23,280
anything until the low is taken out.
2830
02:02:23,640 --> 02:02:24,900
muscle is taken out then you start
2831
02:02:24,900 --> 02:02:27,090
managing your trade and your stops But
2832
02:02:27,180 --> 02:02:28,890
until then, that's this is what you have
2833
02:02:28,890 --> 02:02:33,180
to work with. But using the new york
2834
02:02:33,570 --> 02:02:37,200
session period separate 11 GMT or six
2835
02:02:37,230 --> 02:02:39,060
and New York time you want to see the
2836
02:02:39,060 --> 02:02:41,250
rally. You know that rally is what sets
2837
02:02:41,250 --> 02:02:42,960
you up for the continuation of the
2838
02:02:42,960 --> 02:02:45,300
existing downtrend, downtrend. Okay,
2839
02:02:45,390 --> 02:02:47,940
framing your ideas with the London
2840
02:02:48,810 --> 02:02:50,700
backdrop of what's going on in London
2841
02:02:50,850 --> 02:02:54,270
and the overall trend being lower. But
2842
02:02:54,270 --> 02:02:59,940
using the 6am New York or 11 GMT window
2843
02:03:00,000 --> 02:03:02,790
But what that does afterwards okay is
2844
02:03:02,790 --> 02:03:04,530
sets the framework up for your trade.
2845
02:03:04,980 --> 02:03:06,600
Notice that we have the high formed in
2846
02:03:06,600 --> 02:03:08,730
London here. We didn't get any kind of a
2847
02:03:08,730 --> 02:03:10,650
rally on this day so we couldn't do any
2848
02:03:10,650 --> 02:03:12,810
country. There was no opportunity there
2849
02:03:12,810 --> 02:03:18,540
in New York. And nothing really to speak
2850
02:03:18,540 --> 02:03:24,420
of air either. Again, this is that same
2851
02:03:24,420 --> 02:03:26,640
day where it could have now this
2852
02:03:26,640 --> 02:03:28,410
classified as a delusion that you lost
2853
02:03:28,410 --> 02:03:32,460
money on that. The London session
2854
02:03:32,460 --> 02:03:35,280
creates the high here. Here's New York
2855
02:03:35,310 --> 02:03:40,590
at 6am. We see a rally rally up to what
2856
02:03:41,010 --> 02:03:43,470
old support broken becomes what
2857
02:03:43,500 --> 02:03:47,220
resistance boom okay.
2858
02:04:00,780 --> 02:04:04,410
High the day in London, New York. You
2859
02:04:04,410 --> 02:04:08,490
want to see what a rally after 6am or 11
2860
02:04:08,490 --> 02:04:14,160
GMT there's a rally into old resistance.
2861
02:04:15,180 --> 02:04:17,520
So you have a five minute optimal trade
2862
02:04:17,520 --> 02:04:19,650
entry in here you could have scaled into
2863
02:04:19,650 --> 02:04:23,010
even with smaller risk but you're also
2864
02:04:23,010 --> 02:04:29,220
playing up against this old low using
2865
02:04:29,220 --> 02:04:33,120
the body of candles right there okay, so
2866
02:04:33,120 --> 02:04:36,000
you took out an old low broke through it
2867
02:04:36,000 --> 02:04:39,270
came back find that as us support broken
2868
02:04:39,360 --> 02:04:40,890
turn resistance and we had another
2869
02:04:41,130 --> 02:04:42,990
trader and then even blew through it
2870
02:04:42,990 --> 02:04:46,470
just a little bit Tim nice of them. Nice
2871
02:04:46,470 --> 02:04:48,150
they were about doing it right there's
2872
02:04:48,150 --> 02:04:50,010
the highs that are equal. Now I told you
2873
02:04:50,280 --> 02:04:52,080
the best moves occur after the stop read
2874
02:04:52,110 --> 02:04:53,850
stops gonna be read above that or at
2875
02:04:53,850 --> 02:04:59,100
that high. Ben downing goes okay. And
2876
02:04:59,100 --> 02:05:01,410
this is in the doldrums of summer guys,
2877
02:05:01,410 --> 02:05:04,710
and this is August. This, I mean, not
2878
02:05:04,710 --> 02:05:06,750
August, in July, July and August really,
2879
02:05:06,870 --> 02:05:10,410
really crummiest in terms of volatility.
2880
02:05:10,470 --> 02:05:13,320
It's really nasty in terms of cleanness
2881
02:05:13,320 --> 02:05:16,080
in terms of where price can go perfectly
2882
02:05:16,080 --> 02:05:18,870
in turn around. That's why a lot of
2883
02:05:18,900 --> 02:05:23,790
weight is mainly placed on the daily and
2884
02:05:23,820 --> 02:05:25,650
even weekly charts really, because it'll
2885
02:05:26,070 --> 02:05:27,990
give you the framework that you need to
2886
02:05:27,990 --> 02:05:30,480
have for these large institutions to be
2887
02:05:30,480 --> 02:05:33,420
behind your trades. So while we
2888
02:05:33,420 --> 02:05:36,480
basically looked at targeting time of
2889
02:05:36,480 --> 02:05:38,340
day power three Judas swings, how to
2890
02:05:38,340 --> 02:05:40,560
apply it with both not only the New York
2891
02:05:40,560 --> 02:05:42,510
session, but the London session as well.
2892
02:05:43,380 --> 02:05:47,640
We talked about the the mapping aspect
2893
02:05:47,640 --> 02:05:49,680
of putting the boxes on your chart like
2894
02:05:49,680 --> 02:05:51,120
we have here, this orange box and what
2895
02:05:51,120 --> 02:05:53,850
it means Okay, and again, it's to
2896
02:05:53,940 --> 02:05:57,120
bracket out a pocket of price action,
2897
02:05:57,330 --> 02:05:59,070
that the higher time frames are telling
2898
02:05:59,070 --> 02:06:01,590
us this direction is most likely going
2899
02:06:01,590 --> 02:06:04,530
to be. And in this case, we mapped out
2900
02:06:04,560 --> 02:06:07,110
that it was going lower. So while we're
2901
02:06:07,170 --> 02:06:09,720
in the intraday perspective, we are
2902
02:06:09,720 --> 02:06:12,810
cognizant of the lower time frame, I'm
2903
02:06:12,810 --> 02:06:14,040
sorry, the higher time frames moving
2904
02:06:14,070 --> 02:06:16,440
lower. So we want to be more focused in
2905
02:06:16,440 --> 02:06:18,780
on finding sell scenarios, at specific
2906
02:06:18,780 --> 02:06:21,990
times of the day. with specific, you
2907
02:06:21,990 --> 02:06:24,060
know, reoccurring themes that either be
2908
02:06:24,060 --> 02:06:25,320
the apple trade entry or the turtle
2909
02:06:25,320 --> 02:06:32,130
suit. It would be advantageous for you
2910
02:06:32,130 --> 02:06:35,190
to study market profiling to a great
2911
02:06:35,190 --> 02:06:37,200
degree. And I mean by that is markets
2912
02:06:37,200 --> 02:06:39,990
move from consolidation, to trend to
2913
02:06:39,990 --> 02:06:42,000
reversal, okay, there's only three
2914
02:06:42,000 --> 02:06:43,860
things that can happen. The markets
2915
02:06:43,950 --> 02:06:46,620
gonna go sideways in a range, or it's
2916
02:06:46,620 --> 02:06:48,990
going to trend and break out basically,
2917
02:06:49,440 --> 02:06:51,630
or once again, once it hits a resistance
2918
02:06:51,630 --> 02:06:53,400
or support of greater measure, it'll
2919
02:06:53,400 --> 02:06:55,740
reverse. They're the only three things
2920
02:06:55,740 --> 02:06:57,330
that can happen with price. It's either
2921
02:06:57,330 --> 02:06:59,880
going sideways, it's going up, or it's
2922
02:06:59,880 --> 02:07:02,130
going Going down and based on the the
2923
02:07:02,130 --> 02:07:03,930
three primary profiles which is
2924
02:07:03,930 --> 02:07:05,460
consolidation which is range bound,
2925
02:07:06,120 --> 02:07:09,000
okay? And then you see that here, here's
2926
02:07:09,000 --> 02:07:14,430
consolidation, okay. reversal trend
2927
02:07:16,140 --> 02:07:17,040
consolidation.
2928
02:07:25,590 --> 02:07:29,700
In here we have a reversal, old highs
2929
02:07:29,700 --> 02:07:31,560
taken out reversal. So we're in
2930
02:07:31,560 --> 02:07:35,340
consolidation, reversal, trade lower
2931
02:07:35,610 --> 02:07:41,760
trending. consolidation, trending
2932
02:07:41,790 --> 02:07:47,070
reversal. consolidation, trending,
2933
02:07:47,340 --> 02:07:51,870
reversal. consolidating, trending,
2934
02:07:53,790 --> 02:07:59,970
consolidating, reversal consolidating
2935
02:08:01,920 --> 02:08:04,440
trending, if you only want to call that,
2936
02:08:05,010 --> 02:08:06,750
now we're in consolidation again, okay,
2937
02:08:06,750 --> 02:08:09,150
so by understanding where we're at in
2938
02:08:09,150 --> 02:08:10,650
the cycle, and there's no real
2939
02:08:11,220 --> 02:08:14,370
repeating, consolidation, trend
2940
02:08:14,370 --> 02:08:16,440
reversal, okay? But it does go from
2941
02:08:16,440 --> 02:08:19,020
consolidation to trend, that before you
2942
02:08:19,020 --> 02:08:20,520
see a trend, there's a consolidation.
2943
02:08:20,700 --> 02:08:22,920
And inside the consolidation is where
2944
02:08:22,920 --> 02:08:24,780
all the Smart Money accumulation is
2945
02:08:24,780 --> 02:08:26,580
being done, whether it be buying and
2946
02:08:26,580 --> 02:08:29,250
selling. So hopefully this has been
2947
02:08:29,250 --> 02:08:31,590
insightful to you guys. Obviously,
2948
02:08:31,590 --> 02:08:33,270
understanding seasonal tendencies and
2949
02:08:33,330 --> 02:08:35,520
honestly, if you if you do a search on
2950
02:08:36,090 --> 02:08:39,960
more research, and that's m o r e, he
2951
02:08:39,960 --> 02:08:41,640
has in my opinion, the best seasonal
2952
02:08:41,640 --> 02:08:43,500
tendency stuff there is. But you can
2953
02:08:43,530 --> 02:08:46,440
pull up seasonal tendency, graphs on
2954
02:08:46,470 --> 02:08:49,410
every everything from commodities, to
2955
02:08:49,680 --> 02:08:51,900
currencies and such and oil. If you're
2956
02:08:51,900 --> 02:08:54,360
trading, crude oil, gold, silver, all
2957
02:08:54,360 --> 02:08:55,530
that stuff, you have all that stuff. And
2958
02:08:55,530 --> 02:08:57,210
if you just Google it on the internet,
2959
02:08:58,170 --> 02:09:01,080
you can find all that stuff but Applying
2960
02:09:01,080 --> 02:09:03,180
seasonal tendencies to you the higher
2961
02:09:03,180 --> 02:09:05,310
time frames as well kind of gets you set
2962
02:09:05,700 --> 02:09:08,010
for when there's a likely buy or sell
2963
02:09:08,010 --> 02:09:10,770
program. Coming Your Way, a lot, a lot
2964
02:09:10,770 --> 02:09:13,290
of my longer term analysis, where I've
2965
02:09:13,290 --> 02:09:16,020
called major highs and lows, more than
2966
02:09:16,020 --> 02:09:17,850
most likely going to form and then move
2967
02:09:17,850 --> 02:09:19,770
into a new buying opportunity or selling
2968
02:09:19,800 --> 02:09:22,530
opportunity that's really hinged on the
2969
02:09:22,560 --> 02:09:25,050
co2 data, and seasonal seasonal
2970
02:09:25,050 --> 02:09:26,970
tendencies. with higher levels support
2971
02:09:26,970 --> 02:09:28,290
resistance, that's all it is, guys,
2972
02:09:28,290 --> 02:09:30,360
that's really all it is. And by having
2973
02:09:30,360 --> 02:09:33,720
these tools combined together, applying
2974
02:09:33,720 --> 02:09:37,410
them will give you a huge edge that just
2975
02:09:37,410 --> 02:09:39,210
the retail traders just simply don't
2976
02:09:39,210 --> 02:09:42,810
even exist in terms of you know, they
2977
02:09:42,810 --> 02:09:44,580
don't even know this, this level of
2978
02:09:44,580 --> 02:09:47,370
precision is available. Okay. And when
2979
02:09:47,370 --> 02:09:49,110
we go into the fall, and we trade
2980
02:09:49,110 --> 02:09:50,790
through the winter months and early
2981
02:09:50,790 --> 02:09:54,600
spring, the liquidity that is available,
2982
02:09:54,600 --> 02:09:57,030
then you'll see because we're gonna be
2983
02:09:57,030 --> 02:09:58,500
doing it live over my shoulder and
2984
02:09:58,500 --> 02:09:59,910
you'll see all these things happening.
2985
02:10:00,000 --> 02:10:02,160
In advanced setting up the all the news
2986
02:10:02,160 --> 02:10:03,840
and what we anticipate seeing and all
2987
02:10:03,840 --> 02:10:06,030
that stuff, when that when that happens,
2988
02:10:06,060 --> 02:10:08,340
it will be a learning experience unlike
2989
02:10:08,340 --> 02:10:10,560
any other for you. And I'm going to
2990
02:10:10,560 --> 02:10:13,170
close my teaching out this year with
2991
02:10:13,170 --> 02:10:14,940
this because obviously, you know, as a
2992
02:10:14,940 --> 02:10:17,820
mentor, I'm retiring, and 2015 will be
2993
02:10:17,820 --> 02:10:20,370
the beginning of my, you know, life away
2994
02:10:20,370 --> 02:10:23,040
from teaching. But my resources will be
2995
02:10:23,040 --> 02:10:24,150
still available on the internet,
2996
02:10:24,180 --> 02:10:26,430
obviously, my email address, you can
2997
02:10:26,430 --> 02:10:28,950
always reach me at ICT at the inner
2998
02:10:28,950 --> 02:10:31,140
circle trader calm and as a backup email
2999
02:10:31,140 --> 02:10:35,370
address, inner circle trader@gmail.com.
3000
02:10:35,520 --> 02:10:37,200
And obviously, with everything that
3001
02:10:37,230 --> 02:10:38,580
we've shared in here, this is this
3002
02:10:39,000 --> 02:10:42,570
massive, massive contents, condensing
3003
02:10:42,690 --> 02:10:45,390
content condensing rather of all the
3004
02:10:45,420 --> 02:10:46,980
materials that I've been sharing over
3005
02:10:46,980 --> 02:10:49,590
the last four years. Now it's much much
3006
02:10:49,590 --> 02:10:51,420
more that can be done in terms of
3007
02:10:51,420 --> 02:10:53,700
reviewing and go on and on, but it would
3008
02:10:53,700 --> 02:10:55,680
take me another four years to do it, you
3009
02:10:55,680 --> 02:10:58,500
know me, so we'll be doing a lot of
3010
02:10:58,500 --> 02:11:00,600
application which will help you Get up
3011
02:11:00,600 --> 02:11:01,800
to speed. But for those that are just
3012
02:11:01,800 --> 02:11:04,530
not warmed up to my material, this kind
3013
02:11:04,530 --> 02:11:06,540
of like is like an overview, if you will
3014
02:11:06,570 --> 02:11:08,160
a real Crash Course of the things that
3015
02:11:08,160 --> 02:11:09,780
we do, and we don't for the last four
3016
02:11:09,780 --> 02:11:11,970
years, and you'll start to see
3017
02:11:12,030 --> 02:11:14,010
everything I talk about in real time, it
3018
02:11:14,010 --> 02:11:15,780
won't be made up, it'll be all hinged on
3019
02:11:15,780 --> 02:11:16,950
the stuff that's been talked about for
3020
02:11:16,950 --> 02:11:18,900
the last four years and documented on it
3021
02:11:19,020 --> 02:11:20,910
on the internet. I mean, it's not like,
3022
02:11:21,330 --> 02:11:22,980
you know, just start tweaking these
3023
02:11:22,980 --> 02:11:24,390
things every every day to make it work
3024
02:11:24,390 --> 02:11:26,610
better. This is the stuff that's in my
3025
02:11:26,610 --> 02:11:28,320
repertoire. It's stuff that I used to
3026
02:11:28,320 --> 02:11:29,730
trade, it's stuff that other traders
3027
02:11:29,730 --> 02:11:31,410
have been using for a long period of
3028
02:11:31,410 --> 02:11:33,420
time. they're familiar with my stuff,
3029
02:11:33,420 --> 02:11:35,790
and they are doing very well. So I'm
3030
02:11:35,790 --> 02:11:37,890
going to close it here. This ends our
3031
02:11:37,920 --> 02:11:40,980
series on what every new indoor aspiring
3032
02:11:40,980 --> 02:11:42,450
for shooter wants to know, recap or
3033
02:11:42,450 --> 02:11:45,180
review. And now everything going forward
3034
02:11:45,390 --> 02:11:47,760
will be real time, doing the drills,
3035
02:11:47,760 --> 02:11:50,460
doing all the research projects and all
3036
02:11:50,460 --> 02:11:52,500
the stuff that's necessary for you. But
3037
02:11:52,530 --> 02:11:54,030
I'm condensing what you should be done
3038
02:11:54,030 --> 02:11:56,340
for six months into just one month. So
3039
02:11:56,340 --> 02:11:57,570
by the time we're in the second week of
3040
02:11:57,570 --> 02:11:58,950
September, we'll be in the swing of
3041
02:11:58,950 --> 02:12:00,840
things with live trading. A Live
3042
02:12:00,840 --> 02:12:02,340
account. So with that, guys, we wish you
3043
02:12:02,340 --> 02:12:03,870
good luck and good trading.