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Version 1.1 by Drunk Monkey on 2020-11-20 16:15
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3 ICT: Folks, we are in the final
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7 installment for the what every new and
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11 aspiring forex trader wants to know,
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15 review the last four years of so I'm
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19 really condensed a lot of material. And
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23 it's not intended to replace going
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27 through all the old material but it's
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31 simply a means for me to get you back up
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35 to speed with the core essential tenants
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39 to what I use when I do my trading, my
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43 analysis concepts and how I arrive at
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47 the ideas about the marketplace and in
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51 what framework I utilize to arrive at
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55 that, that opinion. Before we go into
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59 the material for this final stage of the
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63 presentations, It's important to
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67 understand that this is obviously a much
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71 of an abbreviated form of study,
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75 obviously, each one of the components I
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79 deal with here, and some of the things
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83 I've left out like traders, Trinity, and
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87 like the overall pattern, and the
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91 stinger patterns, all that are unique to
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95 me and my material. I left those out for
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99 a reason because I think a majority of
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103 the participants and and members of our
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107 community, inner circle trader
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111 community, they have been exposed to a
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115 lot of information. And because I've
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119 been involved with trading for 20 years,
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123 I have a lot of tools in my repertoire.
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127 But not every tool is applicable to
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131 every trader. And I'm cognizant of that
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135 and much more. So now because of The
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139 large degree of feedback I've received
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143 from the participants in the study of my
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147 material, I am guilty of wanting to
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151 share everything and sometimes much
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155 faster even though it doesn't seem like
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159 it's going fast for a lot of you, it
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163 takes a lot of time to digest this
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167 material. And it's, it's foolish to
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171 think just simply having a video to
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175 watching and then suddenly sitting in
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179 front of your charts, you're just going
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183 to be a Maven, and just go in here and
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187 start taking out pips and you know, and
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191 just roll in the markets. And that's not
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195 how it works. You have to have certain
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199 tools and applications that resonate
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203 very close to your own persona and your
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207 psyche as a trader. And what I did was
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211 is I went back to the core roots of all
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215 of my success and it just simply goes
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219 back to support resistance,
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223 understanding macro, fundamental, driven
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227 trends which are higher timeframe based
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231 only at monthly, weekly, daily. And by
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235 having that as your foundation, a lot of
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239 the shorter term timeframe, analysis
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243 concepts will be much more accurate,
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247 much more sensitive to your needs as a
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251 trader and understanding what it is that
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255 you are trying to accomplish as a
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259 trader. The previous sessions we've
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263 obviously went through a large degree of
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267 material pertaining to directional
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271 premise. I think if there's any one
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275 question I get more sent to me by way of
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279 Twitter or emails, it's how do I know
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283 which direction the market is going to
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287 go today? And while I'm not 100%
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291 accurate, every single day, my tools
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295 guide me in a manner where I'm in the
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299 Upper 90% bracket in terms of
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303 directional premise, and there's really
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307 no there's no mystery as to why that is
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311 simply because I'm disciplined enough
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315 and I trust the tools To allow the
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319 adherence to a certain frame of mind
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323 going into the study of price. At the
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327 higher time frame trends tend to stay in
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331 one direction or another for a long
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335 period of time, there may be minor
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339 corrections or pauses in between, but
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343 generally, the macro major trends are
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347 tides, if you will, those waters tend to
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351 keep moving in in the same direction for
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355 a long period of time until they hit a
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359 greater or equal resistance in terms of
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363 their support or resistance or to
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367 political or economic, you know, front
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371 changes because of you know, something,
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375 you know, large scale war, something
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379 like that comes out. The,
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383 the concepts that we're gonna be
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387 discussing in this last one will be a
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391 little bit of combining all this stuff
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395 together. And a couple other points that
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399 I didn't bring up earlier, but We're
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403 going to be much more Paramount now
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407 because we're gonna be doing a lot more
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411 of the execution stage of all the tools.
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415 And the first one I'm talking about is
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419 risk on or risk off. And if you don't
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423 know what that is, obviously, in a risk
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427 on environment, that's typically when
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431 you see equities stocks and such
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435 commodities and higher yielding
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439 currencies, okay, they will tend to
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443 rally or move higher up in price, while
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447 the dollar generally will be moving
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451 down, okay, because it's commonly viewed
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455 and I hate to say it like this because
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459 the dollar has been beaten up over the
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463 last couple decades really, because it's
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467 really fallen out of favor in terms of a
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471 lot of the the global countries, they
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475 don't really have a lot of faith in the
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479 United States in our economy. And I
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483 think it's justified in a lot of ways.
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487 But as it is right now, the greenback
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491 still is the reserve currency. It may
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495 not be that way for very long but it's
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499 it is at The time of this recording in
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503 2014. If we are expecting firmer prices
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507 in the dollar, that would equate to a
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511 risk off scenario. And that would
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515 translate in the form of lower equity or
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519 stock prices, lower higher yielding
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523 foreign currencies and commodity prices
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527 dropping. Okay and you don't have to go
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531 crazy and have every single commodity in
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535 every single stock up in every single
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539 indicee. Okay for stock index, you just
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543 need a few and that will give you a
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547 clear depiction every single day with
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551 the accompany of the US dollar.
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555 Obviously what we're showing here is the
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559 US dollar daily chart. And if you're
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563 familiar with a lot of my market reviews
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567 or my commentary, I generally have this
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571 most often very first thing I talk about
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575 is the dollar because it is like my
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579 barometer, it tells me Are we in a
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583 trending environment? Are we in a
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587 consolidation environment? Are we in a
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591 risk on a risk off environment? There's
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595 a lot of information that is derived by
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599 this simply understanding the dollar.
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603 And especially because I trade the
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607 majors in forex, it's going to be
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611 paramount in my understanding of where
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615 price is most likely going to go today,
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619 if not for the next few days or even
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623 several months out. Depending upon the
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627 level of trader, you're going to be if
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631 you're going to be a long term position
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635 trader, short term trader swing trader
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639 or a day trader scalper, it doesn't make
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643 sense not to at least reference the
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647 higher timeframe dollar and higher
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651 timeframe currency pairs that you are
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655 intending to trade. Okay, having that
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659 macro view is essential in my opinion,
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663 to having longevity as a trader and
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667 obviously the what everybody wants which
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671 is high accuracy, and directional
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675 premise, okay, and there's a lot of
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679 weight placed on directional premise for
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683 new traders and I Get it. I did the same
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687 thing I just wanted to know, okay, is it
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691 going to go up or it's going to go down.
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695 And you have all heard the story, I
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699 understood the market only going up when
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703 I first started never understood that
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707 you can make money going down. But in
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711 the currency markets, obviously, you
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715 know, because we are focusing pretty
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719 much on the foreign exchange or Forex
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723 markets. And this in a series, the
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727 things that I'm discussing here
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731 are pretty much universal, they apply to
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735 every asset class that is tradable.
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739 Okay, and you can use these ideas in
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743 those other asset classes and your
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747 trading. There are a few things that are
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751 sensitive to the cable which is the
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755 British Pound USD pair and the fiber
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759 which is a Euro USD pair. Some of them
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763 are time of day. And while the London
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767 session, which is again I'll refer to
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771 times in my own local time zone, so
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775 you'll have to translate that Where you
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779 are in relationship to me around the
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783 globe, because it's too difficult for me
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787 to keep track of all you guys out there
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791 and try to figure out what you should be
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795 setting your charts up for and what time
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799 it would be. You know, in respect to
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803 what I'm doing, okay, so when I say two
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807 o'clock in the morning, and four o'clock
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811 in the morning, okay, that's like the
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815 sweet spot ICT kill zone for London
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819 open. Now, obviously, it could start an
820
821 206
822 00:09:27,660 ~-~-> 00:09:30,540
823 hour before that. Or it could last as
824
825 207
826 00:09:30,540 ~-~-> 00:09:34,200
827 long as 5am New York time against all
828
829 208
830 00:09:34,200 ~-~-> 00:09:36,810
831 New York standard. My Local United
832
833 209
834 00:09:36,810 ~-~-> 00:09:38,580
835 States, North America, East Coast time.
836
837 210
838 00:09:38,790 ~-~-> 00:09:40,980
839 Okay. So the easiest way to do it is set
840
841 211
842 00:09:40,980 ~-~-> 00:09:43,500
843 a clock. Get yourself a little, you
844
845 212
846 00:09:43,500 ~-~-> 00:09:45,390
847 know, desktop application, you can phone
848
849 213
850 00:09:45,390 ~-~-> 00:09:48,000
851 your computer. smartphones, you can put
852
853 214
854 00:09:48,000 ~-~-> 00:09:51,030
855 a world clock on. I had every world
856
857 215
858 00:09:51,030 ~-~-> 00:09:55,080
859 clock for the say the asian session, the
860
861 216
862 00:09:55,080 ~-~-> 00:10:00,870
863 Sydney session, the Frankfort session. I
864
865 217
866 00:10:00,870 ~-~-> 00:10:02,220
867 have I basically have all the major
868
869 218
870 00:10:02,220 ~-~-> 00:10:05,190
871 timezone on my world clock on my iPhone.
872
873 219
874 00:10:05,460 ~-~-> 00:10:07,980
875 And I just look at certain times of the
876
877 220
878 00:10:07,980 ~-~-> 00:10:09,750
879 day when certain moves take place. And
880
881 221
882 00:10:10,770 ~-~-> 00:10:12,240
883 you can do that same thing by just
884
885 222
886 00:10:12,240 ~-~-> 00:10:13,920
887 simply saying, Okay, look, this is ICT
888
889 223
890 00:10:13,920 ~-~-> 00:10:16,470
891 zone. Okay, this is what this is what
892
893 224
894 00:10:16,470 ~-~-> 00:10:18,060
895 Michaels viewing in terms of price
896
897 225
898 00:10:18,060 ~-~-> 00:10:20,100
899 action. You don't have to continue doing
900
901 226
902 00:10:20,100 ~-~-> 00:10:22,080
903 that for years from now. Okay,
904
905 227
906 00:10:22,080 ~-~-> 00:10:23,910
907 obviously, if you're trying to learn my
908
909 228
910 00:10:24,240 ~-~-> 00:10:25,830
911 understanding of the marketplace and my
912
913 229
914 00:10:25,830 ~-~-> 00:10:28,230
915 concepts, it'll be a lot easier for you
916
917 230
918 00:10:28,230 ~-~-> 00:10:31,380
919 to get in sync with me, because I'm on
920
921 231
922 00:10:31,590 ~-~-> 00:10:33,690
923 New York time. So everything that I view
924
925 232
926 00:10:33,690 ~-~-> 00:10:36,630
927 the marketplace, as in deference to time
928
929 233
930 00:10:36,720 ~-~-> 00:10:39,750
931 will be hinged upon what time is it in
932
933 234
934 00:10:39,750 ~-~-> 00:10:42,120
935 New York. I live in Maryland, but I'm in
936
937 235
938 00:10:42,120 ~-~-> 00:10:47,010
939 the timezone that New York is UTIs. So
940
941 236
942 00:10:47,010 ~-~-> 00:10:49,800
943 now, let's talk about risk on and risk
944
945 237
946 00:10:49,800 ~-~-> 00:10:53,700
947 off. Okay, assume for a moment that when
948
949 238
950 00:10:53,700 ~-~-> 00:10:57,690
951 we discuss risk on scenarios, that would
952
953 239
954 00:10:57,690 ~-~-> 00:11:00,600
955 be indicative of price. action like
956
957 240
958 00:11:00,600 ~-~-> 00:11:04,080
959 this. Okay when risk on is in the
960
961 241
962 00:11:04,080 ~-~-> 00:11:06,420
963 marketplace, okay, you'll see the dollar
964
965 242
966 00:11:06,570 ~-~-> 00:11:10,800
967 falling. Okay. When the dollar rallies,
968
969 243
970 00:11:11,250 ~-~-> 00:11:13,530
971 anytime the price of the dollar is
972
973 244
974 00:11:13,530 ~-~-> 00:11:16,590
975 rallying up, depending upon what time
976
977 245
978 00:11:16,590 ~-~-> 00:11:17,700
979 frame you're referring to, obviously
980
981 246
982 00:11:17,700 ~-~-> 00:11:20,850
983 this is a daily chart, this would be a
984
985 247
986 00:11:20,850 ~-~-> 00:11:23,940
987 swing, okay in between this low and this
988
989 248
990 00:11:23,940 ~-~-> 00:11:27,270
991 high, this would be classified as a risk
992
993 249
994 00:11:27,960 ~-~-> 00:11:31,560
995 off scenario. Okay? Risk off would be
996
997 250
998 00:11:31,560 ~-~-> 00:11:33,240
999 the dollar rallying. Now when this
1000
1001 251
1002 00:11:33,240 ~-~-> 00:11:36,870
1003 occurs, okay imagine a children's
1004
1005 252
1006 00:11:36,870 ~-~-> 00:11:39,930
1007 playground apparatus, okay, we probably
1008
1009 253
1010 00:11:39,930 ~-~-> 00:11:41,220
1011 all wrote one of the children as a
1012
1013 254
1014 00:11:41,220 ~-~-> 00:11:44,130
1015 child, one child gets on one end of the
1016
1017 255
1018 00:11:44,130 ~-~-> 00:11:45,840
1019 seesaw and another child gets on the
1020
1021 256
1022 00:11:45,840 ~-~-> 00:11:47,490
1023 other end of the seesaw. Okay, and what
1024
1025 257
1026 00:11:47,490 ~-~-> 00:11:49,410
1027 will happen is the two children will
1028
1029 258
1030 00:11:49,920 ~-~-> 00:11:52,410
1031 press off the ground and make the other
1032
1033 259
1034 00:11:52,410 ~-~-> 00:11:54,900
1035 one rise up and back and forth goes on.
1036
1037 260
1038 00:11:55,170 ~-~-> 00:11:57,600
1039 Well, that seemed tearing effect, okay.
1040
1041 261
1042 00:11:58,320 ~-~-> 00:12:01,110
1043 It's like a scale as well. If the dollar
1044
1045 262
1046 00:12:01,110 ~-~-> 00:12:02,880
1047 goes up, foreign currencies go down,
1048
1049 263
1050 00:12:03,090 ~-~-> 00:12:04,920
1051 okay? If the dollar goes down, foreign
1052
1053 264
1054 00:12:04,920 ~-~-> 00:12:07,380
1055 currencies go up. It's very, very simple
1056
1057 265
1058 00:12:07,380 ~-~-> 00:12:09,390
1059 but many times new traders that are
1060
1061 266
1062 00:12:09,540 ~-~-> 00:12:11,400
1063 first introduced to risk on risk off,
1064
1065 267
1066 00:12:11,700 ~-~-> 00:12:13,680
1067 they overcomplicate it and they try to
1068
1069 268
1070 00:12:13,710 ~-~-> 00:12:15,600
1071 make more than it really is. But the
1072
1073 269
1074 00:12:15,600 ~-~-> 00:12:17,430
1075 easiest way to understand it is if the
1076
1077 270
1078 00:12:17,430 ~-~-> 00:12:20,280
1079 dollar is going up everything else,
1080
1081 271
1082 00:12:20,490 ~-~-> 00:12:22,890
1083 whether it be equities, whether it be
1084
1085 272
1086 00:12:23,760 ~-~-> 00:12:27,180
1087 foreign currencies, commodities, okay?
1088
1089 273
1090 00:12:27,480 ~-~-> 00:12:28,980
1091 Those will be going the opposite
1092
1093 274
1094 00:12:28,980 ~-~-> 00:12:31,110
1095 direction. Okay. And the easiest way to
1096
1097 275
1098 00:12:31,110 ~-~-> 00:12:34,500
1099 understand it is risk on is when dollar
1100
1101 276
1102 00:12:34,500 ~-~-> 00:12:37,260
1103 goes down. Okay? And that's basically a
1104
1105 277
1106 00:12:37,260 ~-~-> 00:12:41,550
1107 flight from the dollar into a higher
1108
1109 278
1110 00:12:41,550 ~-~-> 00:12:44,970
1111 yield seeking asset class. Okay? Because
1112
1113 279
1114 00:12:44,970 ~-~-> 00:12:47,010
1115 it's viewed as more risky and the dollar
1116
1117 280
1118 00:12:47,010 ~-~-> 00:12:48,870
1119 is a safe haven and I say that with
1120
1121 281
1122 00:12:48,870 ~-~-> 00:12:50,460
1123 tongue in cheek obvious. I know most of
1124
1125 282
1126 00:12:50,460 ~-~-> 00:12:52,230
1127 you who are, are thinking the same thing
1128
1129 283
1130 00:12:52,230 ~-~-> 00:12:55,380
1131 I do. The dollar is nowhere near the
1132
1133 284
1134 00:12:55,380 ~-~-> 00:12:57,750
1135 degree of benchmark like it used to be
1136
1137 285
1138 00:12:57,750 ~-~-> 00:13:01,800
1139 but as it were, If the dollar is going
1140
1141 286
1142 00:13:01,860 ~-~-> 00:13:04,350
1143 up, okay, that's going to be a risk off
1144
1145 287
1146 00:13:04,350 ~-~-> 00:13:06,810
1147 scenario. And it's going to equate to
1148
1149 288
1150 00:13:06,810 ~-~-> 00:13:08,790
1151 seeing lower stock prices, commodity
1152
1153 289
1154 00:13:08,790 ~-~-> 00:13:10,950
1155 prices will be declining and foreign
1156
1157 290
1158 00:13:10,950 ~-~-> 00:13:12,630
1159 currencies will be declining, okay. So
1160
1161 291
1162 00:13:12,630 ~-~-> 00:13:15,180
1163 there's going to be a vice versa effect.
1164
1165 292
1166 00:13:15,540 ~-~-> 00:13:17,430
1167 And that's the reason why I studied the
1168
1169 293
1170 00:13:17,430 ~-~-> 00:13:20,130
1171 dollar first because it will give me the
1172
1173 294
1174 00:13:20,130 ~-~-> 00:13:22,320
1175 beginning point or foundation for
1176
1177 295
1178 00:13:22,320 ~-~-> 00:13:24,420
1179 understanding where the marketplace as a
1180
1181 296
1182 00:13:24,420 ~-~-> 00:13:27,960
1183 whole should go. Okay, now, is it right
1184
1185 297
1186 00:13:27,960 ~-~-> 00:13:31,050
1187 to the minute every time? No, okay, but
1188
1189 298
1190 00:13:31,050 ~-~-> 00:13:32,610
1191 again, that's, that's the benefit of
1192
1193 299
1194 00:13:32,610 ~-~-> 00:13:34,170
1195 using these higher timeframe charts,
1196
1197 300
1198 00:13:34,440 ~-~-> 00:13:36,630
1199 monthly, weekly, daily, is because those
1200
1201 301
1202 00:13:36,630 ~-~-> 00:13:39,600
1203 trends, there's macro trends. They tend
1204
1205 302
1206 00:13:39,600 ~-~-> 00:13:41,430
1207 to exist for a long period of time and
1208
1209 303
1210 00:13:41,430 ~-~-> 00:13:45,570
1211 it takes something with a real large
1212
1213 304
1214 00:13:45,570 ~-~-> 00:13:48,180
1215 impact on price to cause it to stop
1216
1217 305
1218 00:13:48,180 ~-~-> 00:13:50,610
1219 pause or even altogether reverse. Okay,
1220
1221 306
1222 00:13:50,610 ~-~-> 00:13:53,490
1223 so I'm trying to teach you the
1224
1225 307
1226 00:13:53,490 ~-~-> 00:13:55,680
1227 understanding of trusting the higher
1228
1229 308
1230 00:13:55,680 ~-~-> 00:13:57,600
1231 time frame premise, especially when
1232
1233 309
1234 00:13:57,600 ~-~-> 00:13:59,310
1235 you're looking at macro trends macro
1236
1237 310
1238 00:13:59,310 ~-~-> 00:14:01,380
1239 trends. are going to be arrived at by
1240
1241 311
1242 00:14:01,380 ~-~-> 00:14:03,000
1243 looking at high timeframe charts and
1244
1245 312
1246 00:14:03,000 ~-~-> 00:14:08,310
1247 looking at asset class to indicee or
1248
1249 313
1250 00:14:08,340 ~-~-> 00:14:10,680
1251 dollar based correlations. In other
1252
1253 314
1254 00:14:10,680 ~-~-> 00:14:11,670
1255 words, if you're a stock trader,
1256
1257 315
1258 00:14:11,670 ~-~-> 00:14:14,160
1259 obviously, if you're if you trade New
1260
1261 316
1262 00:14:14,160 ~-~-> 00:14:17,310
1263 York or future American stocks, your
1264
1265 317
1266 00:14:17,310 ~-~-> 00:14:19,380
1267 benchmark would be obviously the Dow 30,
1268
1269 318
1270 00:14:19,680 ~-~-> 00:14:22,560
1271 the s&p 500 or the NASDAQ 100 Composite
1272
1273 319
1274 00:14:22,560 ~-~-> 00:14:25,320
1275 Index, okay. And by looking at those
1276
1277 320
1278 00:14:25,320 ~-~-> 00:14:28,890
1279 three indices as a whole, okay, and
1280
1281 321
1282 00:14:28,890 ~-~-> 00:14:31,680
1283 applying such things as Dow Theory, if
1284
1285 322
1286 00:14:31,680 ~-~-> 00:14:33,390
1287 you're looking at a marketplace that is
1288
1289 323
1290 00:14:33,390 ~-~-> 00:14:35,190
1291 poised to go higher in the indices,
1292
1293 324
1294 00:14:35,220 ~-~-> 00:14:36,900
1295 that's pretty much good. That's a good
1296
1297 325
1298 00:14:36,900 ~-~-> 00:14:38,460
1299 time to be buying a stock. Well, the
1300
1301 326
1302 00:14:38,460 ~-~-> 00:14:40,140
1303 same thing happens by looking at the
1304
1305 327
1306 00:14:40,140 ~-~-> 00:14:42,870
1307 dollar, but you have to invert it. Okay,
1308
1309 328
1310 00:14:42,960 ~-~-> 00:14:45,300
1311 so if the dollar is poised to rally,
1312
1313 329
1314 00:14:45,720 ~-~-> 00:14:47,250
1315 okay, it's important that you understand
1316
1317 330
1318 00:14:47,250 ~-~-> 00:14:51,510
1319 that if you start looking to buy foreign
1320
1321 331
1322 00:14:51,510 ~-~-> 00:14:54,570
1323 currencies, okay? You're you're trading
1324
1325 332
1326 00:14:54,630 ~-~-> 00:15:01,080
1327 okay? against the undertone of adverse
1328
1329 333
1330 00:15:01,110 ~-~-> 00:15:02,580
1331 marketing environment in other words,
1332
1333 334
1334 00:15:02,580 ~-~-> 00:15:04,920
1335 you're going to be trading at the lowest
1336
1337 335
1338 00:15:04,920 ~-~-> 00:15:07,350
1339 probability for that move to occur
1340
1341 336
1342 00:15:07,350 ~-~-> 00:15:09,510
1343 because the dollar if it's poised to go
1344
1345 337
1346 00:15:09,510 ~-~-> 00:15:11,100
1347 higher, what does that translate to in
1348
1349 338
1350 00:15:11,100 ~-~-> 00:15:13,410
1351 foreign currencies, lower foreign
1352
1353 339
1354 00:15:13,410 ~-~-> 00:15:16,110
1355 currency prices. Okay, so let's look at
1356
1357 340
1358 00:15:16,110 ~-~-> 00:15:18,870
1359 an example and actually have some notes
1360
1361 341
1362 00:15:18,900 ~-~-> 00:15:21,870
1363 on this chart as it were because I did a
1364
1365 342
1366 00:15:21,870 ~-~-> 00:15:24,780
1367 live session here about a week ago and I
1368
1369 343
1370 00:15:24,780 ~-~-> 00:15:26,940
1371 made some comments about where I think
1372
1373 344
1374 00:15:26,940 ~-~-> 00:15:28,710
1375 the dollar was going to go into behavior
1376
1377 345
1378 00:15:28,710 ~-~-> 00:15:31,080
1379 I expected and some of you that were in
1380
1381 346
1382 00:15:31,080 ~-~-> 00:15:32,640
1383 the live session obviously will will
1384
1385 347
1386 00:15:32,670 ~-~-> 00:15:34,170
1387 recognize these lines and what I was
1388
1389 348
1390 00:15:34,170 ~-~-> 00:15:38,460
1391 doing but this level here Okay, this is
1392
1393 349
1394 00:15:38,460 ~-~-> 00:15:40,350
1395 a resistance level price was unable to
1396
1397 350
1398 00:15:40,380 ~-~-> 00:15:41,970
1399 break above that and I was using a lot
1400
1401 351
1402 00:15:41,970 ~-~-> 00:15:43,590
1403 of the wicks and the bodies of the
1404
1405 352
1406 00:15:43,590 ~-~-> 00:15:45,240
1407 candles as reference points. Okay, so I
1408
1409 353
1410 00:15:45,240 ~-~-> 00:15:46,680
1411 use the two bodies of the candles and,
1412
1413 354
1414 00:15:46,950 ~-~-> 00:15:50,640
1415 and the wicks. Looking at this level
1416
1417 355
1418 00:15:50,640 ~-~-> 00:15:52,770
1419 here, we broke through it a week ago,
1420
1421 356
1422 00:15:53,130 ~-~-> 00:15:54,990
1423 and midweek and then came back down on
1424
1425 357
1426 00:15:54,990 ~-~-> 00:15:57,630
1427 the previous week's Friday. And I was
1428
1429 358
1430 00:15:57,630 ~-~-> 00:15:59,820
1431 noting these levels here, this level and
1432
1433 359
1434 00:15:59,820 ~-~-> 00:16:01,230
1435 this level. So if we broke through and
1436
1437 360
1438 00:16:01,230 ~-~-> 00:16:02,730
1439 came back down, it would most likely
1440
1441 361
1442 00:16:02,730 ~-~-> 00:16:04,890
1443 find some support here, or find some
1444
1445 362
1446 00:16:04,890 ~-~-> 00:16:06,360
1447 support here. So as that's the reason
1448
1449 363
1450 00:16:06,360 ~-~-> 00:16:08,520
1451 why we have this little thing here I
1452
1453 364
1454 00:16:08,520 ~-~-> 00:16:10,110
1455 drew. So let's get this off because it's
1456
1457 365
1458 00:16:10,110 ~-~-> 00:16:16,020
1459 probably confusing you. Okay, and this
1460
1461 366
1462 00:16:16,020 ~-~-> 00:16:18,780
1463 line here is just represent if these two
1464
1465 367
1466 00:16:18,780 ~-~-> 00:16:20,550
1467 levels give way, we would come back down
1468
1469 368
1470 00:16:20,550 ~-~-> 00:16:22,170
1471 to this level and expect some sort of
1472
1473 369
1474 00:16:22,170 ~-~-> 00:16:24,780
1475 support to come underway. Now, when
1476
1477 370
1478 00:16:24,780 ~-~-> 00:16:26,220
1479 price comes back down to this level,
1480
1481 371
1482 00:16:26,220 ~-~-> 00:16:28,110
1483 even though it sweeps below it previous
1484
1485 372
1486 00:16:28,110 ~-~-> 00:16:30,000
1487 Friday, look where it closes, it closes
1488
1489 373
1490 00:16:30,000 ~-~-> 00:16:31,620
1491 right at that same level. And then when
1492
1493 374
1494 00:16:31,620 ~-~-> 00:16:33,960
1495 Sunday we had an unchanged event, we had
1496
1497 375
1498 00:16:33,960 ~-~-> 00:16:35,370
1499 a little bit of movement, try to push
1500
1501 376
1502 00:16:35,370 ~-~-> 00:16:37,170
1503 above it again here on Monday, and then
1504
1505 377
1506 00:16:37,170 ~-~-> 00:16:39,690
1507 Tuesday, we had the rally. And now here
1508
1509 378
1510 00:16:39,690 ~-~-> 00:16:41,850
1511 it is today wednesday. Prices now
1512
1513 379
1514 00:16:41,850 ~-~-> 00:16:43,230
1515 started to recede, but it did trade
1516
1517 380
1518 00:16:43,230 ~-~-> 00:16:46,050
1519 higher. This environment right here
1520
1521 381
1522 00:16:46,050 ~-~-> 00:16:47,910
1523 where price comes down to an expected
1524
1525 382
1526 00:16:47,910 ~-~-> 00:16:50,280
1527 level support. Your mind should be
1528
1529 383
1530 00:16:50,280 ~-~-> 00:16:52,620
1531 thinking, Okay, we're in a move that's
1532
1533 384
1534 00:16:52,620 ~-~-> 00:16:54,900
1535 been going higher. Okay, we broke up
1536
1537 385
1538 00:16:55,080 ~-~-> 00:16:58,140
1539 resistance, this may act as support. So
1540
1541 386
1542 00:16:58,140 ~-~-> 00:17:00,000
1543 again, what's that translate for?
1544
1545 387
1546 00:17:01,289 ~-~-> 00:17:03,659
1547 Risk more risk off? Well, if we think if
1548
1549 388
1550 00:17:03,779 ~-~-> 00:17:05,609
1551 price comes to this level here and
1552
1553 389
1554 00:17:05,609 ~-~-> 00:17:08,729
1555 bounces higher, okay? That's implying
1556
1557 390
1558 00:17:08,729 ~-~-> 00:17:10,559
1559 that we're going to expect the US dollar
1560
1561 391
1562 00:17:10,559 ~-~-> 00:17:13,679
1563 to rally that is going to be what risk
1564
1565 392
1566 00:17:13,679 ~-~-> 00:17:16,829
1567 on or risk off, it's going to be risk
1568
1569 393
1570 00:17:16,829 ~-~-> 00:17:19,889
1571 off because when there's less risk
1572
1573 394
1574 00:17:19,919 ~-~-> 00:17:23,099
1575 taking to be made in the environments of
1576
1577 395
1578 00:17:23,099 ~-~-> 00:17:26,069
1579 speculation, the dollar will be bought,
1580
1581 396
1582 00:17:26,159 ~-~-> 00:17:27,419
1583 okay? There's gonna be a flight to
1584
1585 397
1586 00:17:27,419 ~-~-> 00:17:29,819
1587 quality. Okay, that's what it's what I'm
1588
1589 398
1590 00:17:29,819 ~-~-> 00:17:31,289
1591 not gonna argue with me guys this this
1592
1593 399
1594 00:17:31,289 ~-~-> 00:17:33,569
1595 way it's called, okay. So whether you
1596
1597 400
1598 00:17:33,569 ~-~-> 00:17:35,639
1599 want to refer the dollars being quality
1600
1601 401
1602 00:17:35,639 ~-~-> 00:17:38,399
1603 aspect or not, it's that's what it is.
1604
1605 402
1606 00:17:38,429 ~-~-> 00:17:40,919
1607 So, a flight to quality sees firmer
1608
1609 403
1610 00:17:40,919 ~-~-> 00:17:43,619
1611 prices in $1 and that will translate to
1612
1613 404
1614 00:17:43,619 ~-~-> 00:17:47,309
1615 a lower move or sell signals, if you
1616
1617 405
1618 00:17:47,309 ~-~-> 00:17:49,709
1619 will, in the foreign currencies. Now,
1620
1621 406
1622 00:17:49,739 ~-~-> 00:17:51,689
1623 again, because I trade the majors,
1624
1625 407
1626 00:17:52,109 ~-~-> 00:17:55,079
1627 that's the British Pound USD, the Euro
1628
1629 408
1630 00:17:55,079 ~-~-> 00:17:58,649
1631 USD once in a while, once in a while,
1632
1633 409
1634 00:17:58,649 ~-~-> 00:18:01,529
1635 I'll trade Canadian Dollar or Aussie
1636
1637 410
1638 00:18:01,529 ~-~-> 00:18:04,109
1639 dollar, okay. But generally I'll trade
1640
1641 411
1642 00:18:04,259 ~-~-> 00:18:06,749
1643 you know, just a fiber fiber and cable.
1644
1645 412
1646 00:18:08,129 ~-~-> 00:18:10,169
1647 But now understanding the relationship
1648
1649 413
1650 00:18:10,409 ~-~-> 00:18:13,709
1651 to this, when we come down to a support
1652
1653 414
1654 00:18:13,709 ~-~-> 00:18:16,619
1655 level like this, that means on Friday
1656
1657 415
1658 00:18:16,649 ~-~-> 00:18:17,879
1659 when we trade it back down to that level
1660
1661 416
1662 00:18:17,879 ~-~-> 00:18:20,819
1663 from Friday, Sunday, Monday, Tuesday,
1664
1665 417
1666 00:18:21,209 ~-~-> 00:18:24,539
1667 okay? in that in that area, okay? What
1668
1669 418
1670 00:18:24,539 ~-~-> 00:18:27,029
1671 we're looking for is cell scenarios to
1672
1673 419
1674 00:18:27,029 ~-~-> 00:18:30,149
1675 occur in fiber and cable. Okay. So
1676
1677 420
1678 00:18:30,149 ~-~-> 00:18:32,609
1679 again, to reiterate this, we're looking
1680
1681 421
1682 00:18:32,609 ~-~-> 00:18:34,139
1683 at the price that was above it on
1684
1685 422
1686 00:18:34,139 ~-~-> 00:18:35,819
1687 Thursday, the week before this
1688
1689 423
1690 00:18:35,819 ~-~-> 00:18:38,309
1691 recording, price comes down on Friday
1692
1693 424
1694 00:18:38,549 ~-~-> 00:18:40,439
1695 trades through it then comes right back
1696
1697 425
1698 00:18:40,439 ~-~-> 00:18:43,199
1699 to it and closes. Okay, so as early as
1700
1701 426
1702 00:18:43,199 ~-~-> 00:18:48,359
1703 Friday of last week, and the basically
1704
1705 427
1706 00:18:48,359 ~-~-> 00:18:50,729
1707 August 1 of 2014. We're actually going
1708
1709 428
1710 00:18:50,729 ~-~-> 00:18:54,299
1711 to refer to date. Then, Sunday's
1712
1713 429
1714 00:18:54,299 ~-~-> 00:18:57,059
1715 opening, and then Monday's trading. And
1716
1717 430
1718 00:18:57,059 ~-~-> 00:18:59,399
1719 then, Tuesday's trading, and then
1720
1721 431
1722 00:18:59,399 ~-~-> 00:19:01,109
1723 today's Wednesday. Bass trading, okay,
1724
1725 432
1726 00:19:01,229 ~-~-> 00:19:03,029
1727 and the time of this recording is the
1728
1729 433
1730 00:19:03,029 ~-~-> 00:19:06,809
1731 sixth of August. And let's take a look
1732
1733 434
1734 00:19:06,839 ~-~-> 00:19:09,749
1735 at what that looks like in reference to
1736
1737 435
1738 00:19:09,749 ~-~-> 00:19:14,819
1739 the cable. We're going to zoom in and
1740
1741 436
1742 00:19:14,819 ~-~-> 00:19:16,529
1743 make you really understand what's going
1744
1745 437
1746 00:19:16,529 ~-~-> 00:19:18,179
1747 on and how to incorporate this
1748
1749 438
1750 00:19:18,179 ~-~-> 00:19:20,819
1751 information. Okay, so we have this is
1752
1753 439
1754 00:19:20,819 ~-~-> 00:19:22,289
1755 Wednesday's trading is the daily chart
1756
1757 440
1758 00:19:22,289 ~-~-> 00:19:24,899
1759 of the British Pound USD. This is
1760
1761 441
1762 00:19:24,929 ~-~-> 00:19:27,359
1763 Tuesday's trading, Monday's trading.
1764
1765 442
1766 00:19:29,849 ~-~-> 00:19:32,279
1767 Sunday's trading. Friday's trading.
1768
1769 443
1770 00:19:32,609 ~-~-> 00:19:38,999
1771 Okay, so in here we have price. We draw
1772
1773 444
1774 00:19:38,999 ~-~-> 00:19:43,139
1775 a little line here. Okay, right in here.
1776
1777 445
1778 00:19:45,719 ~-~-> 00:19:46,559
1779 This level
1780
1781 446
1782 00:19:52,830 ~-~-> 00:19:56,430
1783 Good grief work with me here. Okay.
1784
1785 447
1786 00:19:58,440 ~-~-> 00:20:01,110
1787 Wednesday, Tuesday. Monday Sunday
1788
1789 448
1790 00:20:01,110 ~-~-> 00:20:05,910
1791 Friday, okay, right in here this down
1792
1793 449
1794 00:20:05,910 ~-~-> 00:20:07,920
1795 move this down move right in here
1796
1797 450
1798 00:20:08,700 ~-~-> 00:20:13,170
1799 correlates with the previous week. Okay
1800
1801 451
1802 00:20:13,170 ~-~-> 00:20:16,740
1803 the previous week in the dollar right
1804
1805 452
1806 00:20:16,740 ~-~-> 00:20:19,050
1807 here when price came down right in here
1808
1809 453
1810 00:20:19,920 ~-~-> 00:20:22,740
1811 that began the hunting ground if you
1812
1813 454
1814 00:20:22,740 ~-~-> 00:20:24,510
1815 will, to start looking for sell
1816
1817 455
1818 00:20:24,510 ~-~-> 00:20:27,240
1819 scenarios in the cable and fiber and
1820
1821 456
1822 00:20:27,240 ~-~-> 00:20:28,680
1823 other currencies as well any foreign
1824
1825 457
1826 00:20:28,680 ~-~-> 00:20:31,890
1827 currency okay against the dollar. If
1828
1829 458
1830 00:20:31,920 ~-~-> 00:20:34,650
1831 it's front currency for instance, go
1832
1833 459
1834 00:20:34,650 ~-~-> 00:20:36,870
1835 back to the cable. Look up here get the
1836
1837 460
1838 00:20:36,870 ~-~-> 00:20:39,300
1839 British Pound USD, if we're expecting
1840
1841 461
1842 00:20:39,300 ~-~-> 00:20:42,390
1843 the USD or dollar to rally, okay if the
1844
1845 462
1846 00:20:42,390 ~-~-> 00:20:44,190
1847 currency is before the USD in the
1848
1849 463
1850 00:20:44,190 ~-~-> 00:20:45,990
1851 pairing, okay, like in this case for
1852
1853 464
1854 00:20:45,990 ~-~-> 00:20:48,960
1855 this major, the British Pound should do
1856
1857 465
1858 00:20:48,960 ~-~-> 00:20:50,490
1859 what it should decline if the dollar is
1860
1861 466
1862 00:20:50,490 ~-~-> 00:20:52,050
1863 going to go up to British pounds gonna
1864
1865 467
1866 00:20:52,050 ~-~-> 00:20:54,870
1867 drop so if the front currency in this
1868
1869 468
1870 00:20:54,870 ~-~-> 00:20:56,520
1871 case is the British pound, you're going
1872
1873 469
1874 00:20:56,520 ~-~-> 00:20:59,970
1875 to see selling pressure if the dollar
1876
1877 470
1878 00:21:00,450 ~-~-> 00:21:04,080
1879 Find some support here. Okay. Now what
1880
1881 471
1882 00:21:04,080 ~-~-> 00:21:05,310
1883 we're going to do is we're going to zoom
1884
1885 472
1886 00:21:05,310 ~-~-> 00:21:07,650
1887 in on this day and we're going to, we're
1888
1889 473
1890 00:21:07,650 ~-~-> 00:21:08,760
1891 going to look at the relationship
1892
1893 474
1894 00:21:08,760 ~-~-> 00:21:10,440
1895 between the two. Okay? And we're going
1896
1897 475
1898 00:21:10,440 ~-~-> 00:21:12,840
1899 to really judge with X ray view, is
1900
1901 476
1902 00:21:12,840 ~-~-> 00:21:15,780
1903 there really risk on risk off scenarios
1904
1905 477
1906 00:21:15,840 ~-~-> 00:21:18,180
1907 underway. Okay, and now explain it as we
1908
1909 478
1910 00:21:18,180 ~-~-> 00:21:24,960
1911 get to it. Let's go over to a 15 minute
1912
1913 479
1914 00:21:24,960 ~-~-> 00:21:28,530
1915 timeframe. And we'll zoom out a little
1916
1917 480
1918 00:21:28,530 ~-~-> 00:21:35,760
1919 bit. A little bit more net and let's
1920
1921 481
1922 00:21:35,760 ~-~-> 00:21:38,010
1923 take this scroll off because it's gonna
1924
1925 482
1926 00:21:39,510 ~-~-> 00:21:44,340
1927 mess with me. Alright, so here we have
1928
1929 483
1930 00:21:44,490 ~-~-> 00:21:46,260
1931 price trading lower and let's take
1932
1933 484
1934 00:21:46,260 ~-~-> 00:21:48,990
1935 these. This is Sunday trading in here.
1936
1937 485
1938 00:21:49,230 ~-~-> 00:21:51,420
1939 This is previous week's Friday, and this
1940
1941 486
1942 00:21:51,420 ~-~-> 00:21:53,640
1943 is the new week Monday. Okay, so we have
1944
1945 487
1946 00:21:53,640 ~-~-> 00:21:54,900
1947 that in reference that can take this off
1948
1949 488
1950 00:21:54,900 ~-~-> 00:21:59,100
1951 now. In here, this down move in here,
1952
1953 489
1954 00:21:59,100 ~-~-> 00:22:02,220
1955 this sell signal Look what happens. You
1956
1957 490
1958 00:22:02,220 ~-~-> 00:22:06,330
1959 have a high, a low and a rally up. Okay?
1960
1961 491
1962 00:22:06,660 ~-~-> 00:22:08,400
1963 in here this is how we look for the
1964
1965 492
1966 00:22:08,400 ~-~-> 00:22:11,010
1967 patterns. When the scenarios poised to
1968
1969 493
1970 00:22:11,010 ~-~-> 00:22:14,160
1971 unfold with firmer dollar. We should see
1972
1973 494
1974 00:22:14,160 ~-~-> 00:22:16,770
1975 weaker prices in cable. Okay, we're in
1976
1977 495
1978 00:22:16,770 ~-~-> 00:22:19,440
1979 this case British Pound USD. When we
1980
1981 496
1982 00:22:19,440 ~-~-> 00:22:21,150
1983 have that environment what we'd start to
1984
1985 497
1986 00:22:21,150 ~-~-> 00:22:24,390
1987 do is we apply specifics like time of
1988
1989 498
1990 00:22:24,390 ~-~-> 00:22:27,120
1991 day, okay and here is the beginning of
1992
1993 499
1994 00:22:27,120 ~-~-> 00:22:30,510
1995 that day is zero GMT. This candles high
1996
1997 500
1998 00:22:30,510 ~-~-> 00:22:35,190
1999 right in here is eight GMT and at 815
2000
2001 501
2002 00:22:35,190 ~-~-> 00:22:36,690
2003 GMT is actually the highest one right in
2004
2005 502
2006 00:22:36,690 ~-~-> 00:22:40,770
2007 here at 815 GMT. That is what I teach is
2008
2009 503
2010 00:22:41,040 ~-~-> 00:22:45,330
2011 the ICT London open kill zone. Okay now
2012
2013 504
2014 00:22:45,330 ~-~-> 00:22:47,040
2015 kill zone is a pocket of time typically
2016
2017 505
2018 00:22:47,040 ~-~-> 00:22:48,930
2019 about three hours long. London's a
2020
2021 506
2022 00:22:48,930 ~-~-> 00:22:50,910
2023 little bit wider because this is a lot
2024
2025 507
2026 00:22:50,910 ~-~-> 00:22:52,230
2027 of activity going on. So a lot of
2028
2029 508
2030 00:22:52,230 ~-~-> 00:22:56,910
2031 overlay from previous days. Trading from
2032
2033 509
2034 00:22:56,910 ~-~-> 00:22:58,710
2035 New York going into Asia, there's a lot
2036
2037 510
2038 00:22:58,710 ~-~-> 00:23:00,300
2039 of highs and lows to be retraced into
2040
2041 511
2042 00:23:00,300 ~-~-> 00:23:01,950
2043 maybe time maintains blown out during
2044
2045 512
2046 00:23:01,950 ~-~-> 00:23:04,650
2047 Frankfurt or early London open. And that
2048
2049 513
2050 00:23:04,650 ~-~-> 00:23:06,600
2051 will usually cause the daily higher low
2052
2053 514
2054 00:23:06,600 ~-~-> 00:23:08,490
2055 to form. Now in this case, obviously the
2056
2057 515
2058 00:23:08,490 ~-~-> 00:23:10,800
2059 highs a little bit earlier in, in during
2060
2061 516
2062 00:23:10,800 ~-~-> 00:23:12,510
2063 asian session, but nonetheless we have a
2064
2065 517
2066 00:23:12,510 ~-~-> 00:23:16,110
2067 very tradable high at the key timeframe
2068
2069 518
2070 00:23:16,170 ~-~-> 00:23:19,050
2071 of the ICT London open kill zone. Now
2072
2073 519
2074 00:23:19,050 ~-~-> 00:23:24,960
2075 again, my charts here are GMT obviously,
2076
2077 520
2078 00:23:25,380 ~-~-> 00:23:31,980
2079 but 70 GMT, which is equivalent to like
2080
2081 521
2082 00:23:31,980 ~-~-> 00:23:36,960
2083 2am my time in New York. And nine GMT is
2084
2085 522
2086 00:23:36,960 ~-~-> 00:23:41,040
2087 like 4pm my time so between seven and
2088
2089 523
2090 00:23:41,040 ~-~-> 00:23:43,770
2091 nine GMT that's typically where your
2092
2093 524
2094 00:23:43,770 ~-~-> 00:23:46,110
2095 higher low during London really forms
2096
2097 525
2098 00:23:46,140 ~-~-> 00:23:47,520
2099 Okay, so if you really bracket out that
2100
2101 526
2102 00:23:47,520 ~-~-> 00:23:50,370
2103 much time, over a long sample size of
2104
2105 527
2106 00:23:50,370 ~-~-> 00:23:52,890
2107 data you're going to see multiple times
2108
2109 528
2110 00:23:53,100 ~-~-> 00:23:54,600
2111 per week you're going to see the higher
2112
2113 529
2114 00:23:54,600 ~-~-> 00:23:56,490
2115 low for that particular day will occur
2116
2117 530
2118 00:23:56,520 ~-~-> 00:23:58,770
2119 between those specific time posts, if
2120
2121 531
2122 00:23:58,770 ~-~-> 00:24:00,000
2123 you will. So if you've got started
2124
2125 532
2126 00:24:00,000 ~-~-> 00:24:01,890
2127 bracket out your time on your charts,
2128
2129 533
2130 00:24:01,920 ~-~-> 00:24:03,540
2131 you'll be able to do that and see very
2132
2133 534
2134 00:24:03,540 ~-~-> 00:24:05,820
2135 clearly when highs and lows form. Now
2136
2137 535
2138 00:24:05,820 ~-~-> 00:24:08,010
2139 what that understanding, okay, but then
2140
2141 536
2142 00:24:08,010 ~-~-> 00:24:09,420
2143 understanding we can start now
2144
2145 537
2146 00:24:09,660 ~-~-> 00:24:13,590
2147 increasing the level of accuracy by
2148
2149 538
2150 00:24:13,590 ~-~-> 00:24:16,230
2151 having this insight of risk on risk off.
2152
2153 539
2154 00:24:17,370 ~-~-> 00:24:18,990
2155 And what I'm going to do is now to add a
2156
2157 540
2158 00:24:18,990 ~-~-> 00:24:24,420
2159 period separator and what I'm going to
2160
2161 541
2162 00:24:24,420 ~-~-> 00:24:27,690
2163 do is I'm going to add it to five GMT.
2164
2165 542
2166 00:24:28,380 ~-~-> 00:24:29,640
2167 And what that's going to be is midnight
2168
2169 543
2170 00:24:29,640 ~-~-> 00:24:33,840
2171 to my my time, okay? And it's very, very
2172
2173 544
2174 00:24:33,840 ~-~-> 00:24:35,550
2175 light, I know but it's right here, this
2176
2177 545
2178 00:24:35,550 ~-~-> 00:24:38,790
2179 vertical line. Okay, and what I'll do is
2180
2181 546
2182 00:24:38,790 ~-~-> 00:24:39,840
2183 now I'm going to zoom in a little bit
2184
2185 547
2186 00:24:39,900 ~-~-> 00:24:40,410
2187 more.
2188
2189 548
2190 00:24:44,100 ~-~-> 00:24:46,950
2191 Right in here is Midnight in New York.
2192
2193 549
2194 00:24:47,160 ~-~-> 00:24:50,130
2195 Now that's what I call the new day. Now
2196
2197 550
2198 00:24:50,130 ~-~-> 00:24:51,420
2199 obviously, there's trading prior to
2200
2201 551
2202 00:24:51,420 ~-~-> 00:24:53,160
2203 that, okay, but I call that the asian
2204
2205 552
2206 00:24:53,160 ~-~-> 00:24:56,160
2207 session or Asian range. Asia goes a
2208
2209 553
2210 00:24:56,160 ~-~-> 00:24:58,740
2211 little bit farther, but obviously I look
2212
2213 554
2214 00:24:58,740 ~-~-> 00:25:01,980
2215 at this vertical line or delineation of
2216
2217 555
2218 00:25:02,160 ~-~-> 00:25:03,930
2219 midnight, New York as my beginning
2220
2221 556
2222 00:25:03,930 ~-~-> 00:25:06,240
2223 marker, it's this denotes the new day to
2224
2225 557
2226 00:25:06,240 ~-~-> 00:25:09,060
2227 me, what you'll want to see is if you're
2228
2229 558
2230 00:25:09,060 ~-~-> 00:25:11,820
2231 expecting, again, the dollar was at that
2232
2233 559
2234 00:25:11,820 ~-~-> 00:25:15,420
2235 time trading at a support level, okay,
2236
2237 560
2238 00:25:15,420 ~-~-> 00:25:17,070
2239 or what we would expect to see support.
2240
2241 561
2242 00:25:17,190 ~-~-> 00:25:18,720
2243 So that would be a risk off scenario
2244
2245 562
2246 00:25:18,720 ~-~-> 00:25:20,700
2247 dollar rally in foreign currencies going
2248
2249 563
2250 00:25:20,700 ~-~-> 00:25:22,920
2251 lower. What we'll expect, what you'll
2252
2253 564
2254 00:25:22,920 ~-~-> 00:25:25,050
2255 expect to see happen is specific times
2256
2257 565
2258 00:25:25,050 ~-~-> 00:25:27,780
2259 of the day will translate into setups,
2260
2261 566
2262 00:25:27,930 ~-~-> 00:25:30,630
2263 okay? You have a key high here, okay,
2264
2265 567
2266 00:25:30,630 ~-~-> 00:25:32,370
2267 little, little short term swing high in
2268
2269 568
2270 00:25:32,370 ~-~-> 00:25:35,400
2271 here. Watch what happens when you take
2272
2273 569
2274 00:25:35,400 ~-~-> 00:25:38,640
2275 your fib and the low prior to this
2276
2277 570
2278 00:25:38,670 ~-~-> 00:25:40,590
2279 vertical line here. You what you're
2280
2281 571
2282 00:25:40,590 ~-~-> 00:25:42,000
2283 going to be expecting is you want to see
2284
2285 572
2286 00:25:42,000 ~-~-> 00:25:44,160
2287 a rally. Okay, you want to see a rally
2288
2289 573
2290 00:25:44,160 ~-~-> 00:25:47,040
2291 after midnight New York, because that
2292
2293 574
2294 00:25:47,040 ~-~-> 00:25:50,130
2295 rally is the sucker play, that neophyte
2296
2297 575
2298 00:25:50,130 ~-~-> 00:25:53,280
2299 traders get lulled into believing that
2300
2301 576
2302 00:25:53,280 ~-~-> 00:25:55,650
2303 this is a buying opportunity. Okay, and
2304
2305 577
2306 00:25:55,650 ~-~-> 00:25:57,360
2307 let's zoom in a little bit more just for
2308
2309 578
2310 00:25:57,360 ~-~-> 00:26:02,460
2311 clarity. Yeah, right, yeah. So we have
2312
2313 579
2314 00:26:02,460 ~-~-> 00:26:04,980
2315 this high here and the low prior to the
2316
2317 580
2318 00:26:04,980 ~-~-> 00:26:08,760
2319 move going up. Now move up at the New
2320
2321 581
2322 00:26:08,760 ~-~-> 00:26:11,040
2323 York, midnight time, which is five GMT.
2324
2325 582
2326 00:26:12,210 ~-~-> 00:26:13,980
2327 Again, easiest way for you guys to do is
2328
2329 583
2330 00:26:13,980 ~-~-> 00:26:16,620
2331 set a clock of some shape or form in
2332
2333 584
2334 00:26:16,620 ~-~-> 00:26:18,210
2335 where you're at as a trader, okay, put
2336
2337 585
2338 00:26:18,210 ~-~-> 00:26:19,440
2339 an extra computer, put it on your
2340
2341 586
2342 00:26:19,440 ~-~-> 00:26:21,390
2343 computer, put it on your phone, put it
2344
2345 587
2346 00:26:21,390 ~-~-> 00:26:22,530
2347 somewhere, whenever you're watching my
2348
2349 588
2350 00:26:22,530 ~-~-> 00:26:24,480
2351 videos, or when you start watching my
2352
2353 589
2354 00:26:24,480 ~-~-> 00:26:25,710
2355 live sessions, when we start doing this
2356
2357 590
2358 00:26:25,710 ~-~-> 00:26:27,720
2359 stuff over the shoulder, you'll it'll
2360
2361 591
2362 00:26:27,720 ~-~-> 00:26:28,920
2363 obviously make a whole lot more sense
2364
2365 592
2366 00:26:29,010 ~-~-> 00:26:30,360
2367 because you'll see it but if you can't
2368
2369 593
2370 00:26:30,360 ~-~-> 00:26:31,620
2371 watch the live sessions as they're
2372
2373 594
2374 00:26:31,620 ~-~-> 00:26:32,550
2375 occurring, when you watch the
2376
2377 595
2378 00:26:32,550 ~-~-> 00:26:34,560
2379 recordings, it's not gonna make any
2380
2381 596
2382 00:26:34,560 ~-~-> 00:26:36,330
2383 sense to you unless you have the exact
2384
2385 597
2386 00:26:36,330 ~-~-> 00:26:38,580
2387 times lined up with your charts. And if
2388
2389 598
2390 00:26:38,580 ~-~-> 00:26:40,890
2391 you only do one or two trading sessions
2392
2393 599
2394 00:26:40,890 ~-~-> 00:26:42,720
2395 in London per week, if you trade like
2396
2397 600
2398 00:26:42,720 ~-~-> 00:26:43,800
2399 this, that's all you need. You don't
2400
2401 601
2402 00:26:43,800 ~-~-> 00:26:46,290
2403 need to do every single day. But we're
2404
2405 602
2406 00:26:46,290 ~-~-> 00:26:48,330
2407 understanding that we are in an
2408
2409 603
2410 00:26:48,330 ~-~-> 00:26:50,940
2411 environment where cable or British Pound
2412
2413 604
2414 00:26:50,940 ~-~-> 00:26:54,060
2415 USD should decline if the dollar is
2416
2417 605
2418 00:26:54,060 ~-~-> 00:26:56,610
2419 going to find some support. Okay? Now
2420
2421 606
2422 00:26:56,640 ~-~-> 00:26:58,500
2423 what will happen is you'll see the price
2424
2425 607
2426 00:26:58,500 ~-~-> 00:27:03,810
2427 rally up After Midnight now when will
2428
2429 608
2430 00:27:03,810 ~-~-> 00:27:06,300
2431 the signal occur as it starts to rally
2432
2433 609
2434 00:27:06,330 ~-~-> 00:27:08,580
2435 we understand that looking at price
2436
2437 610
2438 00:27:08,580 ~-~-> 00:27:10,170
2439 moving the opposite direction is optimal
2440
2441 611
2442 00:27:10,170 ~-~-> 00:27:12,540
2443 for entry. You can see that price just
2444
2445 612
2446 00:27:12,540 ~-~-> 00:27:13,830
2447 fell short of the setting I'm certain
2448
2449 613
2450 00:27:13,830 ~-~-> 00:27:15,510
2451 treatment level right in here didn't
2452
2453 614
2454 00:27:15,510 ~-~-> 00:27:17,250
2455 quite get there the high on that candle.
2456
2457 615
2458 00:27:17,610 ~-~-> 00:27:20,190
2459 It's just a pip below where the actual
2460
2461 616
2462 00:27:20,190 ~-~-> 00:27:22,230
2463 setting onset and retracement level is.
2464
2465 617
2466 00:27:22,770 ~-~-> 00:27:25,290
2467 But look at the level of rejection once
2468
2469 618
2470 00:27:25,290 ~-~-> 00:27:27,000
2471 it gets that level boom takes off and
2472
2473 619
2474 00:27:27,000 ~-~-> 00:27:29,460
2475 trades the other direction. Okay. So by
2476
2477 620
2478 00:27:29,460 ~-~-> 00:27:31,710
2479 having this simple approach to using the
2480
2481 621
2482 00:27:31,710 ~-~-> 00:27:33,810
2483 fib and using the ICT optimal trade
2484
2485 622
2486 00:27:33,810 ~-~-> 00:27:36,270
2487 entry or ot E which is simply just
2488
2489 623
2490 00:27:36,270 ~-~-> 00:27:38,970
2491 looking for a minimum of 62% retracement
2492
2493 624
2494 00:27:39,360 ~-~-> 00:27:41,490
2495 as much as 79% retracement and looking
2496
2497 625
2498 00:27:41,490 ~-~-> 00:27:43,320
2499 ideally for the sweet spot which is
2500
2501 626
2502 00:27:44,130 ~-~-> 00:27:46,890
2503 basically you know the midpoint between
2504
2505 627
2506 00:27:46,890 ~-~-> 00:27:50,250
2507 62 and 79. Now I do not use the
2508
2509 628
2510 00:27:50,520 ~-~-> 00:27:55,500
2511 classical 78.6 and 61.28 wherever I
2512
2513 629
2514 00:27:55,500 ~-~-> 00:27:56,610
2515 don't even know what they are okay, I
2516
2517 630
2518 00:27:56,610 ~-~-> 00:27:57,990
2519 don't really care that much. Okay to
2520
2521 631
2522 00:27:57,990 ~-~-> 00:27:59,610
2523 know what they are. I just make it very
2524
2525 632
2526 00:27:59,610 ~-~-> 00:28:02,040
2527 simple for Me, okay. And some can argue
2528
2529 633
2530 00:28:02,040 ~-~-> 00:28:03,240
2531 that, you know, this isn't as accurate
2532
2533 634
2534 00:28:03,240 ~-~-> 00:28:05,970
2535 as it should be. But, you know,
2536
2537 635
2538 00:28:06,000 ~-~-> 00:28:07,560
2539 whatever, whatever floats your boat.
2540
2541 636
2542 00:28:07,680 ~-~-> 00:28:09,750
2543 Bottom line is, is it does enough for
2544
2545 637
2546 00:28:09,750 ~-~-> 00:28:12,030
2547 me. And it makes it easier to teach it
2548
2549 638
2550 00:28:12,120 ~-~-> 00:28:14,040
2551 this way, and to my children, because
2552
2553 639
2554 00:28:14,040 ~-~-> 00:28:18,690
2555 really, you are just beneficiaries of
2556
2557 640
2558 00:28:18,690 ~-~-> 00:28:20,190
2559 the resources that I'm actually sharing
2560
2561 641
2562 00:28:20,190 ~-~-> 00:28:21,990
2563 with my children. So when I'm talking,
2564
2565 642
2566 00:28:21,990 ~-~-> 00:28:24,720
2567 I'm actually talking to my children that
2568
2569 643
2570 00:28:24,720 ~-~-> 00:28:27,210
2571 have them in mind. So if sometimes I
2572
2573 644
2574 00:28:27,210 ~-~-> 00:28:29,430
2575 come across, over simplifying things,
2576
2577 645
2578 00:28:29,490 ~-~-> 00:28:30,810
2579 that's the reason why because I'm
2580
2581 646
2582 00:28:30,810 ~-~-> 00:28:32,760
2583 talking to my children. So
2584
2585 647
2586 00:28:34,530 ~-~-> 00:28:37,170
2587 understand that I want this is easily
2588
2589 648
2590 00:28:37,170 ~-~-> 00:28:39,990
2591 digestible as possible for them. And if
2592
2593 649
2594 00:28:39,990 ~-~-> 00:28:41,100
2595 something happens to me, they'll have
2596
2597 650
2598 00:28:41,100 ~-~-> 00:28:42,840
2599 these resources to turn back to and
2600
2601 651
2602 00:28:42,870 ~-~-> 00:28:43,860
2603 they'll have everything that I have,
2604
2605 652
2606 00:28:43,890 ~-~-> 00:28:45,780
2607 hopefully in my mind translated through
2608
2609 653
2610 00:28:46,140 ~-~-> 00:28:47,700
2611 these references, these resources and
2612
2613 654
2614 00:28:47,700 ~-~-> 00:28:51,570
2615 reference points. But the rallying up
2616
2617 655
2618 00:28:51,780 ~-~-> 00:28:53,940
2619 okay, what makes it optimal is there's
2620
2621 656
2622 00:28:54,000 ~-~-> 00:28:56,520
2623 there's a large degree for price to not
2624
2625 657
2626 00:28:56,550 ~-~-> 00:29:00,450
2627 go very far. Once this free Markets
2628
2629 658
2630 00:29:00,450 ~-~-> 00:29:01,740
2631 established and what I mean by that,
2632
2633 659
2634 00:29:02,070 ~-~-> 00:29:03,510
2635 well if the dollar is poised to trade
2636
2637 660
2638 00:29:03,510 ~-~-> 00:29:05,280
2639 higher or we believe that the dollar
2640
2641 661
2642 00:29:05,280 ~-~-> 00:29:08,070
2643 will rally, okay, we want to look for
2644
2645 662
2646 00:29:08,070 ~-~-> 00:29:10,650
2647 ideally a sucker play or rally into you
2648
2649 663
2650 00:29:10,650 ~-~-> 00:29:12,450
2651 want to sell into this rally. I know it
2652
2653 664
2654 00:29:12,450 ~-~-> 00:29:15,480
2655 seems scary, okay? It will seem scary
2656
2657 665
2658 00:29:15,480 ~-~-> 00:29:17,850
2659 for a great number of weeks and months
2660
2661 666
2662 00:29:17,880 ~-~-> 00:29:20,670
2663 until you understand by desensitizing
2664
2665 667
2666 00:29:20,670 ~-~-> 00:29:21,930
2667 yourself over and over and over again
2668
2669 668
2670 00:29:21,930 ~-~-> 00:29:22,830
2671 doing the same thing over and over
2672
2673 669
2674 00:29:22,830 ~-~-> 00:29:25,380
2675 again, by drills and studying expecting
2676
2677 670
2678 00:29:25,380 ~-~-> 00:29:27,450
2679 price to do anticipating price. Not
2680
2681 671
2682 00:29:27,450 ~-~-> 00:29:29,640
2683 trading, not demo trading, okay, but
2684
2685 672
2686 00:29:29,640 ~-~-> 00:29:31,860
2687 just studying prices, okay? It should
2688
2689 673
2690 00:29:31,860 ~-~-> 00:29:33,720
2691 react at this level. It should do this
2692
2693 674
2694 00:29:33,720 ~-~-> 00:29:35,310
2695 today into the London session and it
2696
2697 675
2698 00:29:35,310 ~-~-> 00:29:36,630
2699 should do this going into New York.
2700
2701 676
2702 00:29:36,810 ~-~-> 00:29:39,030
2703 Having these ideas ahead of time will
2704
2705 677
2706 00:29:39,030 ~-~-> 00:29:40,740
2707 build your confidence and your
2708
2709 678
2710 00:29:40,740 ~-~-> 00:29:42,780
2711 anticipatory skills as a trader, which
2712
2713 679
2714 00:29:42,780 ~-~-> 00:29:44,850
2715 is essential. You cannot make money
2716
2717 680
2718 00:29:44,850 ~-~-> 00:29:46,680
2719 reacting to the price. Okay, you can't
2720
2721 681
2722 00:29:46,680 ~-~-> 00:29:48,750
2723 do that. You have to be anticipatory in
2724
2725 682
2726 00:29:48,750 ~-~-> 00:29:51,300
2727 nature as a trader. That way you can I
2728
2729 683
2730 00:29:51,450 ~-~-> 00:29:53,640
2731 identify when there's a most likely
2732
2733 684
2734 00:29:54,630 ~-~-> 00:29:57,210
2735 phenomenon to unfold, and what is that
2736
2737 685
2738 00:29:57,210 ~-~-> 00:29:58,710
2739 phenomena? How does it How does it
2740
2741 686
2742 00:29:59,340 ~-~-> 00:30:00,600
2743 repeat itself? What does it look like
2744
2745 687
2746 00:30:00,600 ~-~-> 00:30:02,370
2747 before you can identify a repeating
2748
2749 688
2750 00:30:02,370 ~-~-> 00:30:03,450
2751 pattern? And that's what we're showing
2752
2753 689
2754 00:30:03,450 ~-~-> 00:30:06,720
2755 here. The simple notion of looking for a
2756
2757 690
2758 00:30:06,720 ~-~-> 00:30:09,450
2759 rally up after midnight now why is this
2760
2761 691
2762 00:30:09,450 ~-~-> 00:30:13,230
2763 important? Okay, I taught a principle,
2764
2765 692
2766 00:30:13,830 ~-~-> 00:30:16,080
2767 which is I dubbed as the power three.
2768
2769 693
2770 00:30:16,710 ~-~-> 00:30:18,330
2771 And really what it is is a very simple
2772
2773 694
2774 00:30:19,080 ~-~-> 00:30:28,950
2775 idea on days that are up. So all since
2776
2777 695
2778 00:30:28,950 ~-~-> 00:30:30,960
2779 we're talking about a down move, let's
2780
2781 696
2782 00:30:30,960 ~-~-> 00:30:35,100
2783 work with that. If we look at a candle,
2784
2785 697
2786 00:30:35,100 ~-~-> 00:30:36,570
2787 and we're going to say this is a whole
2788
2789 698
2790 00:30:36,660 ~-~-> 00:30:38,190
2791 full daily range, okay.
2792
2793 699
2794 00:30:39,450 ~-~-> 00:30:41,760
2795 Against this graphic depiction of daily
2796
2797 700
2798 00:30:41,760 ~-~-> 00:30:44,400
2799 range, I'm not I'm not going to go to a
2800
2801 701
2802 00:30:44,400 ~-~-> 00:30:46,020
2803 daily chart and show it to you. But you
2804
2805 702
2806 00:30:46,020 ~-~-> 00:30:48,090
2807 will be able to see in in price action
2808
2809 703
2810 00:30:48,090 ~-~-> 00:30:50,100
2811 over here. Typically what'll happen is
2812
2813 704
2814 00:30:50,100 ~-~-> 00:30:52,830
2815 is price will open up. trade is very,
2816
2817 705
2818 00:30:52,830 ~-~-> 00:30:54,930
2819 very little bit above the opening price.
2820
2821 706
2822 00:30:54,930 ~-~-> 00:30:56,280
2823 Now, what's the opening price is going
2824
2825 707
2826 00:30:56,280 ~-~-> 00:30:57,750
2827 to be the question. Okay, well, there's
2828
2829 708
2830 00:30:57,750 ~-~-> 00:30:59,610
2831 two opening prices that I reference.
2832
2833 709
2834 00:30:59,640 ~-~-> 00:31:03,060
2835 It's the price at zero GMT and zero I'm
2836
2837 710
2838 00:31:03,060 ~-~-> 00:31:05,520
2839 sorry the opening price at five GMT both
2840
2841 711
2842 00:31:05,520 ~-~-> 00:31:08,070
2843 of those opening prices are sensitive to
2844
2845 712
2846 00:31:08,070 ~-~-> 00:31:10,980
2847 me as a trader I want to see what we do
2848
2849 713
2850 00:31:10,980 ~-~-> 00:31:13,470
2851 at those levels okay well how we trade
2852
2853 714
2854 00:31:13,500 ~-~-> 00:31:16,620
2855 at above and below is important to me if
2856
2857 715
2858 00:31:16,620 ~-~-> 00:31:18,660
2859 the context to my trading idea is the
2860
2861 716
2862 00:31:18,660 ~-~-> 00:31:20,820
2863 dollar is rallying okay or poised to
2864
2865 717
2866 00:31:20,820 ~-~-> 00:31:23,160
2867 rally I want to see obviously the
2868
2869 718
2870 00:31:23,160 ~-~-> 00:31:26,280
2871 opening price in New York midnight time
2872
2873 719
2874 00:31:26,310 ~-~-> 00:31:28,560
2875 okay. I don't like to trade during Asia
2876
2877 720
2878 00:31:28,590 ~-~-> 00:31:31,110
2879 you can and it's not my point to teach
2880
2881 721
2882 00:31:31,110 ~-~-> 00:31:33,150
2883 that in here. It is my point to teach
2884
2885 722
2886 00:31:33,150 ~-~-> 00:31:35,400
2887 you that from five GMT which is New York
2888
2889 723
2890 00:31:35,430 ~-~-> 00:31:37,680
2891 midnight time. From that point on if
2892
2893 724
2894 00:31:37,680 ~-~-> 00:31:38,880
2895 we're poised to trade higher in the
2896
2897 725
2898 00:31:38,880 ~-~-> 00:31:40,950
2899 dollar, you're going to expect or
2900
2901 726
2902 00:31:40,950 ~-~-> 00:31:43,410
2903 anticipate higher price rallies after
2904
2905 727
2906 00:31:43,410 ~-~-> 00:31:46,380
2907 midnight in the foreign currencies like
2908
2909 728
2910 00:31:46,470 ~-~-> 00:31:48,630
2911 for instance, the cable here the British
2912
2913 729
2914 00:31:48,630 ~-~-> 00:31:49,950
2915 pounds should rally when we see that
2916
2917 730
2918 00:31:49,950 ~-~-> 00:31:51,900
2919 rally we do not chase that thinking it's
2920
2921 731
2922 00:31:51,900 ~-~-> 00:31:54,450
2923 going to go higher. We look for this we
2924
2925 732
2926 00:31:54,450 ~-~-> 00:31:56,970
2927 are we are happy to see this okay.
2928
2929 733
2930 00:31:57,180 ~-~-> 00:31:59,010
2931 emotions can be a permitted here because
2932
2933 734
2934 00:31:59,010 ~-~-> 00:32:01,080
2935 we are expecting this Unfold, and it
2936
2937 735
2938 00:32:01,080 ~-~-> 00:32:03,030
2939 does unfold. Okay. So that's where
2940
2941 736
2942 00:32:03,030 ~-~-> 00:32:06,060
2943 emotions are acceptable, we expect this,
2944
2945 737
2946 00:32:06,360 ~-~-> 00:32:08,520
2947 this phenomenon to take place, we do not
2948
2949 738
2950 00:32:08,520 ~-~-> 00:32:09,810
2951 get excited about taking trades we do
2952
2953 739
2954 00:32:09,810 ~-~-> 00:32:11,250
2955 not get excited about over leveraging we
2956
2957 740
2958 00:32:11,250 ~-~-> 00:32:13,530
2959 do not expect about anticipate making
2960
2961 741
2962 00:32:13,530 ~-~-> 00:32:15,300
2963 money and getting excited about that we
2964
2965 742
2966 00:32:15,300 ~-~-> 00:32:16,950
2967 are looking for the phenomenon to
2968
2969 743
2970 00:32:16,950 ~-~-> 00:32:18,930
2971 repeat, and then growing in confidence
2972
2973 744
2974 00:32:18,930 ~-~-> 00:32:20,580
2975 by seeing this occur over and over
2976
2977 745
2978 00:32:20,580 ~-~-> 00:32:22,560
2979 again. But back to our analysis over
2980
2981 746
2982 00:32:22,560 ~-~-> 00:32:25,710
2983 here. Understanding that initially,
2984
2985 747
2986 00:32:26,040 ~-~-> 00:32:27,720
2987 price will open up and we'll say that
2988
2989 748
2990 00:32:27,720 ~-~-> 00:32:30,330
2991 the low this portion of this of this box
2992
2993 749
2994 00:32:30,330 ~-~-> 00:32:31,620
2995 is going to be representing the opening
2996
2997 750
2998 00:32:31,620 ~-~-> 00:32:34,650
2999 price at the vertical line delineating
3000
3001 751
3002 00:32:34,920 ~-~-> 00:32:38,190
3003 Midnight in New York. Okay, price will
3004
3005 752
3006 00:32:38,190 ~-~-> 00:32:40,200
3007 open and then whatever it does above the
3008
3009 753
3010 00:32:40,200 ~-~-> 00:32:42,270
3011 opening, that's what's important to us.
3012
3013 754
3014 00:32:42,660 ~-~-> 00:32:44,640
3015 That's where the signal takes place. The
3016
3017 755
3018 00:32:44,640 ~-~-> 00:32:47,280
3019 sell signal will occur above the opening
3020
3021 756
3022 00:32:47,280 ~-~-> 00:32:49,530
3023 price. So anything at the opening price
3024
3025 757
3026 00:32:49,530 ~-~-> 00:32:52,260
3027 or above that is our selling killing
3028
3029 758
3030 00:32:52,260 ~-~-> 00:32:53,940
3031 ground. Okay, the killing ground is
3032
3033 759
3034 00:32:54,000 ~-~-> 00:32:56,640
3035 above the opening price. We want to see
3036
3037 760
3038 00:32:56,910 ~-~-> 00:32:58,890
3039 that initial little move up above the
3040
3041 761
3042 00:32:58,890 ~-~-> 00:33:00,540
3043 opening price Now why is that? Important
3044
3045 762
3046 00:33:00,540 ~-~-> 00:33:02,700
3047 mark, because my mentor Larry Williams
3048
3049 763
3050 00:33:02,700 ~-~-> 00:33:05,190
3051 said, he wishes he understood how people
3052
3053 764
3054 00:33:05,190 ~-~-> 00:33:07,410
3055 could sell up in that upper portion of
3056
3057 765
3058 00:33:07,410 ~-~-> 00:33:09,000
3059 daily range and then capture the big
3060
3061 766
3062 00:33:09,000 ~-~-> 00:33:11,430
3063 move going lower. Well, if he says he
3064
3065 767
3066 00:33:11,430 ~-~-> 00:33:12,930
3067 couldn't do it, I took that as more or
3068
3069 768
3070 00:33:12,930 ~-~-> 00:33:14,850
3071 less a challenge that hey, if he can't
3072
3073 769
3074 00:33:14,850 ~-~-> 00:33:17,520
3075 do it, I'm gonna see if I can. And I've
3076
3077 770
3078 00:33:17,520 ~-~-> 00:33:20,460
3079 spent the last 20 years trying to master
3080
3081 771
3082 00:33:20,460 ~-~-> 00:33:24,090
3083 if you will, that very thing and I have
3084
3085 772
3086 00:33:24,090 ~-~-> 00:33:26,190
3087 done very well and in terms of getting
3088
3089 773
3090 00:33:26,190 ~-~-> 00:33:29,010
3091 very close to deciphering it. I haven't
3092
3093 774
3094 00:33:29,160 ~-~-> 00:33:31,500
3095 quite figured it all out yet. But what I
3096
3097 775
3098 00:33:31,500 ~-~-> 00:33:33,780
3099 figured out enough, okay is to make a
3100
3101 776
3102 00:33:33,900 ~-~-> 00:33:36,630
3103 really wicked living. It's crazy how
3104
3105 777
3106 00:33:36,630 ~-~-> 00:33:39,210
3107 much money is available, but in here in
3108
3109 778
3110 00:33:39,210 ~-~-> 00:33:41,340
3111 the red portion, the box, okay, this is
3112
3113 779
3114 00:33:41,340 ~-~-> 00:33:43,140
3115 going to equate where the sell signal
3116
3117 780
3118 00:33:43,140 ~-~-> 00:33:44,280
3119 occurs and we'll talk more about that in
3120
3121 781
3122 00:33:44,280 ~-~-> 00:33:46,020
3123 a minute. But your idea is you want to
3124
3125 782
3126 00:33:46,080 ~-~-> 00:33:48,780
3127 be selling on a down day or anticipatory
3128
3129 783
3130 00:33:49,560 ~-~-> 00:33:51,960
3131 sell selling scenario. Okay, you want to
3132
3133 784
3134 00:33:51,960 ~-~-> 00:33:53,550
3135 be getting in here trying to find a sell
3136
3137 785
3138 00:33:53,550 ~-~-> 00:33:56,760
3139 signal. Okay. And once you get in it,
3140
3141 786
3142 00:33:56,760 ~-~-> 00:33:59,970
3143 you want to anticipate the daily range
3144
3145 787
3146 00:34:00,000 ~-~-> 00:34:02,160
3147 Expanding now it'll go up and down
3148
3149 788
3150 00:34:02,160 ~-~-> 00:34:04,140
3151 intraday. But as we make a lower low,
3152
3153 789
3154 00:34:04,410 ~-~-> 00:34:06,630
3155 that's the daily low intraday. And as it
3156
3157 790
3158 00:34:06,630 ~-~-> 00:34:08,580
3159 retraces it'll main times blow through
3160
3161 791
3162 00:34:08,580 ~-~-> 00:34:10,770
3163 that new low. And as it retraces again,
3164
3165 792
3166 00:34:10,770 ~-~-> 00:34:13,050
3167 it'll blow down lower low and eventually
3168
3169 793
3170 00:34:13,050 ~-~-> 00:34:15,960
3171 what will happen is around London close,
3172
3173 794
3174 00:34:16,080 ~-~-> 00:34:17,280
3175 okay, which is again, we're gonna
3176
3177 795
3178 00:34:17,280 ~-~-> 00:34:19,800
3179 reference New York time, from 10 o'clock
3180
3181 796
3182 00:34:19,800 ~-~-> 00:34:23,160
3183 in the morning to noon. Okay, New York
3184
3185 797
3186 00:34:23,160 ~-~-> 00:34:26,280
3187 time. That's typically what I classify
3188
3189 798
3190 00:34:26,280 ~-~-> 00:34:28,620
3191 as like the London close timeframe. So
3192
3193 799
3194 00:34:28,620 ~-~-> 00:34:31,350
3195 the, if we're in a down day, the low of
3196
3197 800
3198 00:34:31,350 ~-~-> 00:34:34,320
3199 the day will form between 10am and
3200
3201 801
3202 00:34:34,320 ~-~-> 00:34:38,490
3203 11am 70% of the time, but it can go as
3204
3205 802
3206 00:34:38,490 ~-~-> 00:34:41,280
3207 late as noon sometimes. And unless
3208
3209 803
3210 00:34:41,280 ~-~-> 00:34:43,260
3211 there's a FOMC announcement or something
3212
3213 804
3214 00:34:43,260 ~-~-> 00:34:45,810
3215 like that. Those types of events will
3216
3217 805
3218 00:34:45,810 ~-~-> 00:34:48,630
3219 cause it to go as late as 1800 GMT, or
3220
3221 806
3222 00:34:48,630 ~-~-> 00:34:50,190
3223 two o'clock in the afternoon, New York
3224
3225 807
3226 00:34:50,190 ~-~-> 00:34:52,290
3227 time. Okay, so there's your parameters
3228
3229 808
3230 00:34:52,290 ~-~-> 00:34:54,000
3231 in terms of time, but what you're
3232
3233 809
3234 00:34:54,000 ~-~-> 00:34:55,320
3235 looking for if you want to see that
3236
3237 810
3238 00:34:55,320 ~-~-> 00:34:58,050
3239 largest degree of time to permit the
3240
3241 811
3242 00:34:58,050 ~-~-> 00:35:00,690
3243 daily rains to unfold Now let's take a
3244
3245 812
3246 00:35:00,690 ~-~-> 00:35:02,880
3247 look at what that looks like in this
3248
3249 813
3250 00:35:02,880 ~-~-> 00:35:04,440
3251 daily range here. Obviously, we have the
3252
3253 814
3254 00:35:04,440 ~-~-> 00:35:05,820
3255 optimal trade entry in here to sell
3256
3257 815
3258 00:35:05,820 ~-~-> 00:35:08,640
3259 signals right up here. And I'm going to
3260
3261 816
3262 00:35:09,510 ~-~-> 00:35:12,930
3263 rack it out with this little box here,
3264
3265 817
3266 00:35:13,650 ~-~-> 00:35:18,840
3267 when price entered the sell zone, okay?
3268
3269 818
3270 00:35:19,380 ~-~-> 00:35:21,540
3271 For the optimal trade entry, okay? And
3272
3273 819
3274 00:35:21,540 ~-~-> 00:35:24,900
3275 what I'm doing is I'm mapping out this
3276
3277 820
3278 00:35:24,900 ~-~-> 00:35:28,410
3279 box, this crude depiction of our daily
3280
3281 821
3282 00:35:28,410 ~-~-> 00:35:29,940
3283 range here in a second to like, get the
3284
3285 822
3286 00:35:29,940 ~-~-> 00:35:32,580
3287 colors matching like it should. Okay,
3288
3289 823
3290 00:35:32,580 ~-~-> 00:35:33,360
3291 right up in here.
3292
3293 824
3294 00:35:34,500 ~-~-> 00:35:36,510
3295 This little area here is this point
3296
3297 825
3298 00:35:36,510 ~-~-> 00:35:39,660
3299 right here on our idea graphically, what
3300
3301 826
3302 00:35:39,660 ~-~-> 00:35:42,150
3303 a down day looks like on a daily range,
3304
3305 827
3306 00:35:42,510 ~-~-> 00:35:44,940
3307 okay, this is that right there, okay,
3308
3309 828
3310 00:35:45,300 ~-~-> 00:35:48,150
3311 this Maroon portion or the range
3312
3313 829
3314 00:35:48,150 ~-~-> 00:35:50,310
3315 expansion or profit release portion of
3316
3317 830
3318 00:35:50,310 ~-~-> 00:35:52,710
3319 the down day, where the largest lion's
3320
3321 831
3322 00:35:52,710 ~-~-> 00:35:55,260
3323 share of the move occurs, okay. That
3324
3325 832
3326 00:35:55,260 ~-~-> 00:35:57,360
3327 will occur from the entry point to
3328
3329 833
3330 00:35:57,360 ~-~-> 00:36:02,280
3331 happens in London, open to as As 1800
3332
3333 834
3334 00:36:02,280 ~-~-> 00:36:05,340
3335 GMT for FOMC days, okay, or two o'clock
3336
3337 835
3338 00:36:05,340 ~-~-> 00:36:07,590
3339 in the afternoon, New York time, okay?
3340
3341 836
3342 00:36:08,640 ~-~-> 00:36:11,070
3343 Ideally, the opposite end of the range
3344
3345 837
3346 00:36:11,070 ~-~-> 00:36:12,840
3347 or in this case, the low The day will
3348
3349 838
3350 00:36:12,840 ~-~-> 00:36:16,410
3351 form between 10 o'clock and 11 o'clock
3352
3353 839
3354 00:36:16,410 ~-~-> 00:36:18,420
3355 in the morning New York time, which
3356
3357 840
3358 00:36:18,420 ~-~-> 00:36:22,230
3359 translates to 1500 GMT to 1600 GMT.
3360
3361 841
3362 00:36:22,530 ~-~-> 00:36:25,770
3363 Okay. But again, you got allow some a
3364
3365 842
3366 00:36:25,770 ~-~-> 00:36:28,320
3367 little bit of fudge factor for it may
3368
3369 843
3370 00:36:28,410 ~-~-> 00:36:30,240
3371 monkey around till noon, but generally I
3372
3373 844
3374 00:36:30,240 ~-~-> 00:36:32,640
3375 think you'll see that if you if you put
3376
3377 845
3378 00:36:32,640 ~-~-> 00:36:35,820
3379 the reference points of 1500 to 1600 GMT
3380
3381 846
3382 00:36:35,820 ~-~-> 00:36:37,470
3383 or basically 10 o'clock in the morning
3384
3385 847
3386 00:36:37,470 ~-~-> 00:36:39,090
3387 till 11 o'clock in the morning, New York
3388
3389 848
3390 00:36:39,090 ~-~-> 00:36:41,430
3391 time, that will be the opposite end of
3392
3393 849
3394 00:36:41,430 ~-~-> 00:36:43,260
3395 the range of the daily range. In other
3396
3397 850
3398 00:36:43,260 ~-~-> 00:36:45,180
3399 words, if the low I'm sorry, if the
3400
3401 851
3402 00:36:45,180 ~-~-> 00:36:48,420
3403 highs made in London open, the low of
3404
3405 852
3406 00:36:48,420 ~-~-> 00:36:51,630
3407 the day will form between 10 o'clock and
3408
3409 853
3410 00:36:51,630 ~-~-> 00:36:53,700
3411 11 o'clock in the morning. Okay, New
3412
3413 854
3414 00:36:53,700 ~-~-> 00:36:55,860
3415 York time. And that's pretty much how
3416
3417 855
3418 00:36:56,220 ~-~-> 00:36:57,960
3419 the daily ranges unfold. So the market
3420
3421 856
3422 00:36:57,960 ~-~-> 00:36:59,850
3423 makers are actually doing their work and
3424
3425 857
3426 00:36:59,850 ~-~-> 00:37:02,070
3427 Brad Cutting and capping the market high
3428
3429 858
3430 00:37:02,070 ~-~-> 00:37:03,840
3431 and low at the specific times of the
3432
3433 859
3434 00:37:03,840 ~-~-> 00:37:05,700
3435 day. And generally volume really
3436
3437 860
3438 00:37:06,060 ~-~-> 00:37:08,160
3439 increases in interest. The highest point
3440
3441 861
3442 00:37:08,160 ~-~-> 00:37:10,440
3443 here and falls off in the latter portion
3444
3445 862
3446 00:37:10,470 ~-~-> 00:37:12,390
3447 of London close in this year is usually
3448
3449 863
3450 00:37:12,390 ~-~-> 00:37:14,640
3451 what typically drives the internals
3452
3453 864
3454 00:37:14,640 ~-~-> 00:37:20,040
3455 behind why this does occur. So, market
3456
3457 865
3458 00:37:20,040 ~-~-> 00:37:25,200
3459 trades down, makes a low right here.
3460
3461 866
3462 00:37:25,710 ~-~-> 00:37:27,060
3463 This is the low of the day and this is
3464
3465 867
3466 00:37:27,060 ~-~-> 00:37:29,460
3467 an ugly intraday price action, but
3468
3469 868
3470 00:37:29,490 ~-~-> 00:37:31,650
3471 still, nonetheless, it'll help us as it
3472
3473 869
3474 00:37:31,650 ~-~-> 00:37:33,840
3475 relates to understanding what price
3476
3477 870
3478 00:37:33,870 ~-~-> 00:37:38,070
3479 should do and shouldn't do. The big
3480
3481 871
3482 00:37:38,070 ~-~-> 00:37:41,820
3483 portion of this graphic depiction of a
3484
3485 872
3486 00:37:41,820 ~-~-> 00:37:44,340
3487 daily range, okay, we have the opening
3488
3489 873
3490 00:37:44,640 ~-~-> 00:37:45,960
3491 the dilly dally around the opening price
3492
3493 874
3494 00:37:45,960 ~-~-> 00:37:47,460
3495 for a little while then rallies up.
3496
3497 875
3498 00:37:47,490 ~-~-> 00:37:49,140
3499 That's what we're looking for. That's
3500
3501 876
3502 00:37:49,140 ~-~-> 00:37:52,830
3503 the Judas swing. Okay. That's the open
3504
3505 877
3506 00:37:52,860 ~-~-> 00:37:55,440
3507 rally decline scenario we'd like to look
3508
3509 878
3510 00:37:55,440 ~-~-> 00:37:57,270
3511 for Okay, all right. We're making the
3512
3513 879
3514 00:37:57,450 ~-~-> 00:37:59,100
3515 high today first. Now, again, I'm not
3516
3517 880
3518 00:37:59,100 ~-~-> 00:38:00,180
3519 going to argue that we didn't Have a
3520
3521 881
3522 00:38:00,180 ~-~-> 00:38:03,030
3523 higher, high back here. But I'm
3524
3525 882
3526 00:38:03,060 ~-~-> 00:38:05,430
3527 referencing New York midnight time as
3528
3529 883
3530 00:38:05,430 ~-~-> 00:38:07,380
3531 the beginning of my new trading day.
3532
3533 884
3534 00:38:08,010 ~-~-> 00:38:09,750
3535 Please don't get in arguments with me.
3536
3537 885
3538 00:38:09,780 ~-~-> 00:38:11,520
3539 That's not the trading days beginning. I
3540
3541 886
3542 00:38:11,520 ~-~-> 00:38:13,230
3543 don't care what your opinion is again. I
3544
3545 887
3546 00:38:13,230 ~-~-> 00:38:15,240
3547 mean, it'd be rude, okay, but you're
3548
3549 888
3550 00:38:15,240 ~-~-> 00:38:16,920
3551 watching my videos. I'm not, I'm not
3552
3553 889
3554 00:38:16,920 ~-~-> 00:38:19,080
3555 subscribing to your views. I make a
3556
3557 890
3558 00:38:19,080 ~-~-> 00:38:21,480
3559 living doing this, a lot of it. So it's
3560
3561 891
3562 00:38:21,480 ~-~-> 00:38:23,580
3563 important that you understand how I'm
3564
3565 892
3566 00:38:23,640 ~-~-> 00:38:26,340
3567 interpreting price. Okay, that's, that's
3568
3569 893
3570 00:38:26,340 ~-~-> 00:38:27,600
3571 the whole reason why we're doing this,
3572
3573 894
3574 00:38:27,600 ~-~-> 00:38:30,030
3575 okay. It's not for me to learn from
3576
3577 895
3578 00:38:30,030 ~-~-> 00:38:32,730
3579 anyone else. I'm, I've arrived at what I
3580
3581 896
3582 00:38:32,730 ~-~-> 00:38:35,190
3583 understand in markets. So I'm
3584
3585 897
3586 00:38:35,190 ~-~-> 00:38:37,080
3587 comfortable with that. I'm not forcing
3588
3589 898
3590 00:38:37,080 ~-~-> 00:38:39,330
3591 my views. I'm not forcing you to do this
3592
3593 899
3594 00:38:39,330 ~-~-> 00:38:42,780
3595 only. It's up to your interpretation and
3596
3597 900
3598 00:38:42,780 ~-~-> 00:38:44,370
3599 whether or not it's valid or not, okay,
3600
3601 901
3602 00:38:44,370 ~-~-> 00:38:47,040
3603 and I, I challenge you to, to put it to
3604
3605 902
3606 00:38:47,040 ~-~-> 00:38:50,370
3607 its test. You'll see while it's not 100%
3608
3609 903
3610 00:38:50,370 ~-~-> 00:38:52,890
3611 and nothing ever is, this will give you
3612
3613 904
3614 00:38:52,890 ~-~-> 00:38:54,450
3615 exactly what you're looking for. And
3616
3617 905
3618 00:38:54,450 ~-~-> 00:38:55,710
3619 that's the reason why I open up these
3620
3621 906
3622 00:38:55,710 ~-~-> 00:38:57,330
3623 videos with that statement. I know
3624
3625 907
3626 00:38:57,330 ~-~-> 00:38:59,220
3627 exactly what you're looking for. It's
3628
3629 908
3630 00:38:59,220 ~-~-> 00:39:01,500
3631 with every trader. Looking for, but no
3632
3633 909
3634 00:39:01,500 ~-~-> 00:39:04,740
3635 one is willing to, you know basically
3636
3637 910
3638 00:39:05,490 ~-~-> 00:39:08,580
3639 withdraw from their treasured views and
3640
3641 911
3642 00:39:08,580 ~-~-> 00:39:10,410
3643 ideas and their techniques and their
3644
3645 912
3646 00:39:10,410 ~-~-> 00:39:13,500
3647 applications of indicators. If you just
3648
3649 913
3650 00:39:13,620 ~-~-> 00:39:15,660
3651 put that aside for a moment, okay and
3652
3653 914
3654 00:39:15,660 ~-~-> 00:39:16,740
3655 it's I know it's difficult because
3656
3657 915
3658 00:39:16,740 ~-~-> 00:39:18,090
3659 you're passionate about what you already
3660
3661 916
3662 00:39:18,690 ~-~-> 00:39:20,490
3663 believe you understood about the market
3664
3665 917
3666 00:39:20,520 ~-~-> 00:39:23,640
3667 okay? When you remove all that stuff,
3668
3669 918
3670 00:39:23,670 ~-~-> 00:39:25,740
3671 okay and I'm being nice by saying stuff
3672
3673 919
3674 00:39:26,160 ~-~-> 00:39:30,090
3675 get to the core root of why price moves
3676
3677 920
3678 00:39:30,090 ~-~-> 00:39:32,040
3679 like it does and when it does, okay and
3680
3681 921
3682 00:39:32,040 ~-~-> 00:39:33,990
3683 who's doing the movement Okay, then it
3684
3685 922
3686 00:39:33,990 ~-~-> 00:39:36,900
3687 becomes a suddenly you know, much easier
3688
3689 923
3690 00:39:37,020 ~-~-> 00:39:39,300
3691 environment to work within. Okay, so
3692
3693 924
3694 00:39:39,300 ~-~-> 00:39:40,860
3695 let's get back to this example here and
3696
3697 925
3698 00:39:40,890 ~-~-> 00:39:43,830
3699 opening up in here into the price above
3700
3701 926
3702 00:39:43,860 ~-~-> 00:39:45,420
3703 the movement above the opening price at
3704
3705 927
3706 00:39:45,420 ~-~-> 00:39:47,520
3707 midnight. Okay, that's the classical
3708
3709 928
3710 00:39:47,700 ~-~-> 00:39:50,670
3711 London open ICT sell scenario. Okay, we
3712
3713 929
3714 00:39:50,670 ~-~-> 00:39:54,900
3715 are expecting a bounce. Based on this
3716
3717 930
3718 00:39:54,900 ~-~-> 00:39:56,370
3719 level up here we broke through
3720
3721 931
3722 00:39:56,880 ~-~-> 00:39:58,740
3723 resistance broken later turns support.
3724
3725 932
3726 00:39:58,740 ~-~-> 00:40:01,470
3727 This was noted When the price ran
3728
3729 933
3730 00:40:01,470 ~-~-> 00:40:04,440
3731 through here, live, not this day, not
3732
3733 934
3734 00:40:04,440 ~-~-> 00:40:06,690
3735 this day. Not this day, not now. Okay?
3736
3737 935
3738 00:40:06,870 ~-~-> 00:40:08,640
3739 This was all on the chart in a live
3740
3741 936
3742 00:40:08,640 ~-~-> 00:40:11,130
3743 session with witnesses that I expected
3744
3745 937
3746 00:40:11,130 ~-~-> 00:40:14,070
3747 this environment to unfold. Okay. So
3748
3749 938
3750 00:40:14,070 ~-~-> 00:40:16,170
3751 again, understanding risk on risk off.
3752
3753 939
3754 00:40:16,380 ~-~-> 00:40:18,090
3755 This would be a risk off scenario if we
3756
3757 940
3758 00:40:18,090 ~-~-> 00:40:20,580
3759 anticipate a bounce at that level. Going
3760
3761 941
3762 00:40:20,580 ~-~-> 00:40:21,990
3763 back to our cable, we're looking for
3764
3765 942
3766 00:40:21,990 ~-~-> 00:40:24,870
3767 sell scenarios. Okay, so now, what does
3768
3769 943
3770 00:40:24,870 ~-~-> 00:40:26,100
3771 that look like? Well, it's going to be a
3772
3773 944
3774 00:40:26,100 ~-~-> 00:40:28,740
3775 down date in a move that is going lower
3776
3777 945
3778 00:40:28,800 ~-~-> 00:40:31,140
3779 if you look at daily charts, okay. daily
3780
3781 946
3782 00:40:31,140 ~-~-> 00:40:32,940
3783 charts will show this.
3784
3785 947
3786 00:40:33,960 ~-~-> 00:40:36,540
3787 Let's pull up a virgin chart here on a
3788
3789 948
3790 00:40:36,540 ~-~-> 00:40:41,730
3791 cable. And we'll just do a daily with
3792
3793 949
3794 00:40:41,730 ~-~-> 00:40:46,950
3795 the open High, Low close. And I notice
3796
3797 950
3798 00:40:46,950 ~-~-> 00:40:48,600
3799 it's probably alien to most of you,
3800
3801 951
3802 00:40:48,600 ~-~-> 00:40:52,560
3803 you're all been indoctrinated to the
3804
3805 952
3806 00:40:52,560 ~-~-> 00:40:56,070
3807 world of candlesticks, but yeah, it is
3808
3809 953
3810 00:40:56,070 ~-~-> 00:40:58,080
3811 what it is a guess. Let's go to a daily
3812
3813 954
3814 00:40:58,080 ~-~-> 00:40:58,500
3815 chart.
3816
3817 955
3818 00:41:05,220 ~-~-> 00:41:08,190
3819 Okay, and this is Wednesday, Tuesday,
3820
3821 956
3822 00:41:08,220 ~-~-> 00:41:11,130
3823 Monday, Sunday, Friday. This is the
3824
3825 957
3826 00:41:11,130 ~-~-> 00:41:12,990
3827 environment that I was just describing.
3828
3829 958
3830 00:41:15,480 ~-~-> 00:41:18,990
3831 Go out here and zoom out. We are this
3832
3833 959
3834 00:41:18,990 ~-~-> 00:41:21,060
3835 opening scene a little bit of a movement
3836
3837 960
3838 00:41:21,060 ~-~-> 00:41:23,610
3839 above. Okay? The reason why it's showing
3840
3841 961
3842 00:41:23,610 ~-~-> 00:41:25,110
3843 just very little movement above the
3844
3845 962
3846 00:41:25,110 ~-~-> 00:41:26,760
3847 opening is because this opening price is
3848
3849 963
3850 00:41:26,760 ~-~-> 00:41:28,560
3851 referencing the opening price at zero
3852
3853 964
3854 00:41:28,560 ~-~-> 00:41:32,820
3855 GMT. Okay. But the overall pattern,
3856
3857 965
3858 00:41:32,880 ~-~-> 00:41:34,980
3859 okay, what I was describing in my
3860
3861 966
3862 00:41:35,010 ~-~-> 00:41:37,140
3863 graphic depiction is this really, okay,
3864
3865 967
3866 00:41:37,140 ~-~-> 00:41:39,960
3867 you see the opening, trades up this up
3868
3869 968
3870 00:41:39,960 ~-~-> 00:41:43,920
3871 move occurs many, many times from the
3872
3873 969
3874 00:41:45,630 ~-~-> 00:41:47,430
3875 the reference point of Midnight in New
3876
3877 970
3878 00:41:47,430 ~-~-> 00:41:50,130
3879 York. If you look at the rally from that
3880
3881 971
3882 00:41:50,130 ~-~-> 00:41:53,460
3883 point on, that's where this occurs. can
3884
3885 972
3886 00:41:53,460 ~-~-> 00:41:55,260
3887 it happen in Asia like it does here?
3888
3889 973
3890 00:41:55,290 ~-~-> 00:41:57,420
3891 Sure. Okay, but it doesn't change the
3892
3893 974
3894 00:41:57,420 ~-~-> 00:41:59,850
3895 fact you still can find the moves. Okay.
3896
3897 975
3898 00:41:59,880 ~-~-> 00:42:02,610
3899 You The Midnight timeframe looking for
3900
3901 976
3902 00:42:02,610 ~-~-> 00:42:03,870
3903 that Judas swing. Now I'm gonna talk
3904
3905 977
3906 00:42:03,870 ~-~-> 00:42:05,040
3907 more about the Judas swing in a moment.
3908
3909 978
3910 00:42:05,040 ~-~-> 00:42:06,930
3911 But this is the phenomenon that we are
3912
3913 979
3914 00:42:06,930 ~-~-> 00:42:08,970
3915 expected to see this open. Now this is
3916
3917 980
3918 00:42:08,970 ~-~-> 00:42:10,830
3919 not the day, obviously. But I'm showing
3920
3921 981
3922 00:42:10,830 ~-~-> 00:42:12,150
3923 you what it looks like just like it is
3924
3925 982
3926 00:42:12,150 ~-~-> 00:42:14,310
3927 here, we see the opening the move up.
3928
3929 983
3930 00:42:15,150 ~-~-> 00:42:16,890
3931 really look at what's going on here.
3932
3933 984
3934 00:42:17,160 ~-~-> 00:42:21,930
3935 Okay, this is daily chart. These bars
3936
3937 985
3938 00:42:22,320 ~-~-> 00:42:25,260
3939 represent the full daily ranges for each
3940
3941 986
3942 00:42:25,260 ~-~-> 00:42:27,900
3943 trading day for the cable. Look at
3944
3945 987
3946 00:42:27,900 ~-~-> 00:42:29,670
3947 what's been going on for the entire time
3948
3949 988
3950 00:42:29,670 ~-~-> 00:42:31,170
3951 this thing's been going lower. How many
3952
3953 989
3954 00:42:31,170 ~-~-> 00:42:33,720
3955 days does it do this phenomenon? Watch.
3956
3957 990
3958 00:42:33,900 ~-~-> 00:42:36,270
3959 I gave you guys an example or a study
3960
3961 991
3962 00:42:36,270 ~-~-> 00:42:37,230
3963 and it came and I'm actually
3964
3965 992
3966 00:42:37,230 ~-~-> 00:42:38,700
3967 incorporating it in here in this
3968
3969 993
3970 00:42:38,700 ~-~-> 00:42:41,040
3971 description of the things that I've done
3972
3973 994
3974 00:42:41,070 ~-~-> 00:42:42,240
3975 over the last four years. So I'm going
3976
3977 995
3978 00:42:42,240 ~-~-> 00:42:44,250
3979 to answer on the drills that I gave you
3980
3981 996
3982 00:42:44,280 ~-~-> 00:42:48,300
3983 now. I told everyone study price in the
3984
3985 997
3986 00:42:48,300 ~-~-> 00:42:50,580
3987 whole month of June was on holiday. And
3988
3989 998
3990 00:42:50,610 ~-~-> 00:42:52,020
3991 I want you to do these types of things.
3992
3993 999
3994 00:42:52,020 ~-~-> 00:42:54,150
3995 Now. I'm going to reference June in a
3996
3997 1000
3998 00:42:54,150 ~-~-> 00:42:55,560
3999 moment but for right now let's take a
4000
4001 1001
4002 00:42:55,560 ~-~-> 00:42:57,360
4003 look. Take a look at what's going on for
4004
4005 1002
4006 00:42:57,360 ~-~-> 00:42:59,610
4007 the cable in this pro long down move.
4008
4009 1003
4010 00:42:59,610 ~-~-> 00:43:01,590
4011 Let's catch The days that we had an open
4012
4013 1004
4014 00:43:01,590 ~-~-> 00:43:04,050
4015 rally and in a down day close okay in
4016
4017 1005
4018 00:43:04,050 ~-~-> 00:43:07,320
4019 other words it will have open a high and
4020
4021 1006
4022 00:43:07,320 ~-~-> 00:43:10,680
4023 then a lower close. Okay watch we have
4024
4025 1007
4026 00:43:10,710 ~-~-> 00:43:12,210
4027 one here even though we're a little bit
4028
4029 1008
4030 00:43:12,210 ~-~-> 00:43:13,470
4031 off to opening it still gave an
4032
4033 1009
4034 00:43:13,470 ~-~-> 00:43:15,090
4035 opportunity to make money on a down move
4036
4037 1010
4038 00:43:15,180 ~-~-> 00:43:17,730
4039 intraday. Here's a second one down
4040
4041 1011
4042 00:43:17,730 ~-~-> 00:43:23,250
4043 close. third Sunday who cares didn't do
4044
4045 1012
4046 00:43:23,250 ~-~-> 00:43:26,550
4047 anything. Monday open rail rally down
4048
4049 1013
4050 00:43:26,550 ~-~-> 00:43:30,330
4051 close, open rally went close lower, but
4052
4053 1014
4054 00:43:30,330 ~-~-> 00:43:32,310
4055 we had intraday range below the opening.
4056
4057 1015
4058 00:43:33,120 ~-~-> 00:43:36,810
4059 Open, rally, down, close, open, rally
4060
4061 1016
4062 00:43:36,840 ~-~-> 00:43:39,480
4063 down, close, open, rally down close,
4064
4065 1017
4066 00:43:39,600 ~-~-> 00:43:42,930
4067 Sunday unchanged. Open, rally down,
4068
4069 1018
4070 00:43:42,930 ~-~-> 00:43:45,660
4071 close, open, rally down close, open,
4072
4073 1019
4074 00:43:45,690 ~-~-> 00:43:48,450
4075 rally down close, open, rally down
4076
4077 1020
4078 00:43:48,450 ~-~-> 00:43:51,750
4079 close. You see that. Now listen to me
4080
4081 1021
4082 00:43:51,750 ~-~-> 00:43:55,650
4083 guys, okay. I don't care who you
4084
4085 1022
4086 00:43:55,650 ~-~-> 00:43:58,770
4087 subscribed to. I don't care which author
4088
4089 1023
4090 00:43:58,770 ~-~-> 00:44:00,840
4091 you read the most and Have the most
4092
4093 1024
4094 00:44:00,900 ~-~-> 00:44:03,510
4095 adoration for okay. I'm going to tell
4096
4097 1025
4098 00:44:03,510 ~-~-> 00:44:06,060
4099 you something right now, if this
4100
4101 1026
4102 00:44:06,060 ~-~-> 00:44:08,910
4103 information is generic and as simple, as
4104
4105 1027
4106 00:44:08,910 ~-~-> 00:44:11,070
4107 I just explained, does not knock your
4108
4109 1028
4110 00:44:11,070 ~-~-> 00:44:13,440
4111 socks off. You haven't been paying
4112
4113 1029
4114 00:44:13,440 ~-~-> 00:44:16,800
4115 attention. Everyone wants to make money.
4116
4117 1030
4118 00:44:17,490 ~-~-> 00:44:19,800
4119 Everyone wants to find trades. Everyone
4120
4121 1031
4122 00:44:19,800 ~-~-> 00:44:20,820
4123 wants to know what the directional
4124
4125 1032
4126 00:44:20,820 ~-~-> 00:44:23,580
4127 premise is. This just answered all those
4128
4129 1033
4130 00:44:23,580 ~-~-> 00:44:25,590
4131 things for you. How many trading
4132
4133 1034
4134 00:44:25,590 ~-~-> 00:44:27,870
4135 opportunities was this just in the last
4136
4137 1035
4138 00:44:27,870 ~-~-> 00:44:31,380
4139 month? Think about it in the last month,
4140
4141 1036
4142 00:44:31,380 ~-~-> 00:44:33,690
4143 how many trading opportunities tons?
4144
4145 1037
4146 00:44:34,050 ~-~-> 00:44:37,530
4147 Absolute tons. If you were trading with
4148
4149 1038
4150 00:44:37,560 ~-~-> 00:44:39,690
4151 even with the wrong bias back here, say
4152
4153 1039
4154 00:44:39,690 ~-~-> 00:44:41,580
4155 you were trying to sell every single day
4156
4157 1040
4158 00:44:41,580 ~-~-> 00:44:44,400
4159 in here. Okay. And say you were you
4160
4161 1041
4162 00:44:44,400 ~-~-> 00:44:47,010
4163 know, your absolute captured down moves.
4164
4165 1042
4166 00:44:47,010 ~-~-> 00:44:49,230
4167 Okay. The days that had an opening and
4168
4169 1043
4170 00:44:49,230 ~-~-> 00:44:51,000
4171 rally Okay, maybe you lost on this day.
4172
4173 1044
4174 00:44:51,000 ~-~-> 00:44:53,850
4175 Who cares? What about this one here?
4176
4177 1045
4178 00:44:54,480 ~-~-> 00:44:56,070
4179 Maybe you didn't do anything there. You
4180
4181 1046
4182 00:44:56,070 ~-~-> 00:44:58,890
4183 made something here. How about this day,
4184
4185 1047
4186 00:44:58,920 ~-~-> 00:45:00,270
4187 you probably would have lost money. Tell
4188
4189 1048
4190 00:45:00,270 ~-~-> 00:45:01,110
4191 it this one, you probably would have
4192
4193 1049
4194 00:45:01,110 ~-~-> 00:45:02,610
4195 lost money. What about this one? You
4196
4197 1050
4198 00:45:02,610 ~-~-> 00:45:04,380
4199 made money? What about this one? You
4200
4201 1051
4202 00:45:04,380 ~-~-> 00:45:06,810
4203 made money. So you had two losses two
4204
4205 1052
4206 00:45:06,810 ~-~-> 00:45:10,410
4207 wins. It shouldn't bother you that
4208
4209 1053
4210 00:45:10,410 ~-~-> 00:45:11,550
4211 you're going to have a losing day that
4212
4213 1054
4214 00:45:11,550 ~-~-> 00:45:12,570
4215 you're going to be wrong because I'm
4216
4217 1055
4218 00:45:12,570 ~-~-> 00:45:14,490
4219 gonna tell you right now, write this
4220
4221 1056
4222 00:45:14,490 ~-~-> 00:45:17,160
4223 down in your notes. Inner Circle trader,
4224
4225 1057
4226 00:45:17,490 ~-~-> 00:45:20,820
4227 Michael, Joe Huddleston promises you
4228
4229 1058
4230 00:45:20,910 ~-~-> 00:45:23,190
4231 guaranteed you that you're losing money
4232
4233 1059
4234 00:45:23,250 ~-~-> 00:45:25,110
4235 using this stuff that I'm teaching,
4236
4237 1060
4238 00:45:25,140 ~-~-> 00:45:27,150
4239 you're losing money. I'm telling you
4240
4241 1061
4242 00:45:27,180 ~-~-> 00:45:28,530
4243 upfront, you're going to lose money.
4244
4245 1062
4246 00:45:29,040 ~-~-> 00:45:32,250
4247 Now, if you listen to me, the losses
4248
4249 1063
4250 00:45:32,250 ~-~-> 00:45:33,900
4251 that you incur are going to be very
4252
4253 1064
4254 00:45:33,900 ~-~-> 00:45:35,880
4255 manageable and they're not going to take
4256
4257 1065
4258 00:45:35,880 ~-~-> 00:45:38,610
4259 you out of the game. And also on that
4260
4261 1066
4262 00:45:38,610 ~-~-> 00:45:41,310
4263 same coin, flip it over when you listen
4264
4265 1067
4266 00:45:41,370 ~-~-> 00:45:44,460
4267 and the trades pan out the level of
4268
4269 1068
4270 00:45:44,460 ~-~-> 00:45:46,770
4271 money that you make okay or is
4272
4273 1069
4274 00:45:46,770 ~-~-> 00:45:48,720
4275 available, I should say. Let's rephrase
4276
4277 1070
4278 00:45:48,720 ~-~-> 00:45:51,690
4279 that. If you follow all the rules, the
4280
4281 1071
4282 00:45:51,690 ~-~-> 00:45:52,620
4283 ideas will
4284
4285 1072
4286 00:45:52,799 ~-~-> 00:45:55,559
4287 more than adequate, erase the losing
4288
4289 1073
4290 00:45:55,559 ~-~-> 00:45:58,169
4291 trades and show you a net gain. How much
4292
4293 1074
4294 00:45:58,169 ~-~-> 00:45:59,669
4295 of a net gain is going to be dependent
4296
4297 1075
4298 00:45:59,669 ~-~-> 00:46:02,039
4299 upon Level trader, the experience and
4300
4301 1076
4302 00:46:02,039 ~-~-> 00:46:03,419
4303 the risk that you're willing to assume.
4304
4305 1077
4306 00:46:04,109 ~-~-> 00:46:06,749
4307 Keeping risk limited, obviously, as a
4308
4309 1078
4310 00:46:06,749 ~-~-> 00:46:08,309
4311 new trader, if you're just now getting
4312
4313 1079
4314 00:46:08,309 ~-~-> 00:46:10,409
4315 into this stuff with me as in terms of
4316
4317 1080
4318 00:46:10,409 ~-~-> 00:46:12,869
4319 my methods, okay? Or even training at
4320
4321 1081
4322 00:46:12,869 ~-~-> 00:46:14,999
4323 all, you should be trading about one
4324
4325 1082
4326 00:46:14,999 ~-~-> 00:46:18,809
4327 quarter of 1% risk, even in a demo
4328
4329 1083
4330 00:46:18,809 ~-~-> 00:46:22,499
4331 account. I know that's not sexy, but
4332
4333 1084
4334 00:46:22,499 ~-~-> 00:46:23,999
4335 it's not now it's not about making money
4336
4337 1085
4338 00:46:23,999 ~-~-> 00:46:25,829
4339 right now. It's about understanding what
4340
4341 1086
4342 00:46:25,829 ~-~-> 00:46:27,899
4343 you're doing. Think about it. Say you
4344
4345 1087
4346 00:46:27,899 ~-~-> 00:46:30,419
4347 want to be an auto mechanic. Okay, you
4348
4349 1088
4350 00:46:30,419 ~-~-> 00:46:32,279
4351 sign up for your schooling and you want
4352
4353 1089
4354 00:46:32,279 ~-~-> 00:46:33,629
4355 to get in and they give you a textbook,
4356
4357 1090
4358 00:46:33,659 ~-~-> 00:46:34,769
4359 are they gonna let you go out there and
4360
4361 1091
4362 00:46:34,769 ~-~-> 00:46:39,779
4363 take apart? Monster Adi, just you know,
4364
4365 1092
4366 00:46:39,779 ~-~-> 00:46:40,859
4367 to see if you could do it, they're not
4368
4369 1093
4370 00:46:40,859 ~-~-> 00:46:43,169
4371 gonna let you do that. Okay, you got to
4372
4373 1094
4374 00:46:43,169 ~-~-> 00:46:44,609
4375 understand theory, and that's where
4376
4377 1095
4378 00:46:44,609 ~-~-> 00:46:46,349
4379 you're at as a new trader. Some of you
4380
4381 1096
4382 00:46:46,349 ~-~-> 00:46:48,389
4383 guys have been following me since 2010.
4384
4385 1097
4386 00:46:48,719 ~-~-> 00:46:51,209
4387 And you still should be in theory
4388
4389 1098
4390 00:46:51,209 ~-~-> 00:46:52,709
4391 because a lot of you guys rushed into
4392
4393 1099
4394 00:46:52,709 ~-~-> 00:46:54,539
4395 trading live. Okay, and then you're
4396
4397 1100
4398 00:46:54,539 ~-~-> 00:46:56,609
4399 sending me emails saying, really not
4400
4401 1101
4402 00:46:56,609 ~-~-> 00:46:57,869
4403 understanding what's going on, but then
4404
4405 1102
4406 00:46:57,869 ~-~-> 00:46:59,999
4407 you'll send me one or two emails over
4408
4409 1103
4410 00:46:59,999 ~-~-> 00:47:01,079
4411 course the three months and I think I
4412
4413 1104
4414 00:47:01,079 ~-~-> 00:47:03,029
4415 got it again know what you did? What did
4416
4417 1105
4418 00:47:03,029 ~-~-> 00:47:04,799
4419 you just happen to have the right move
4420
4421 1106
4422 00:47:04,799 ~-~-> 00:47:06,749
4423 that day, but you haven't been applying
4424
4425 1107
4426 00:47:06,749 ~-~-> 00:47:08,669
4427 the tools because there's a plethora of
4428
4429 1108
4430 00:47:09,599 ~-~-> 00:47:12,089
4431 multiple setups that happen throughout
4432
4433 1109
4434 00:47:12,089 ~-~-> 00:47:14,339
4435 the week. And if you just focus on one
4436
4437 1110
4438 00:47:14,339 ~-~-> 00:47:16,769
4439 trading pair, you'll be able to learn
4440
4441 1111
4442 00:47:16,799 ~-~-> 00:47:18,389
4443 these concepts. And once you understand
4444
4445 1112
4446 00:47:18,389 ~-~-> 00:47:20,459
4447 it, you can apply to every every one of
4448
4449 1113
4450 00:47:20,459 ~-~-> 00:47:22,139
4451 the pair's if you want to be that crazy
4452
4453 1114
4454 00:47:22,139 ~-~-> 00:47:24,929
4455 about it. But understanding that if
4456
4457 1115
4458 00:47:24,929 ~-~-> 00:47:26,459
4459 we're in an environment that is most
4460
4461 1116
4462 00:47:26,459 ~-~-> 00:47:28,709
4463 likely going to be going higher or lower
4464
4465 1117
4466 00:47:28,709 ~-~-> 00:47:31,169
4467 over a long period of time now why was I
4468
4469 1118
4470 00:47:31,169 ~-~-> 00:47:32,789
4471 discussing this down move here and why
4472
4473 1119
4474 00:47:32,789 ~-~-> 00:47:34,649
4475 is it important? Well, think about it.
4476
4477 1120
4478 00:47:34,649 ~-~-> 00:47:36,599
4479 If this was going down, what should the
4480
4481 1121
4482 00:47:36,599 ~-~-> 00:47:38,129
4483 dollar been doing at the same time?
4484
4485 1122
4486 00:47:41,489 ~-~-> 00:47:44,249
4487 rallying, you see that. So that's how
4488
4489 1123
4490 00:47:44,249 ~-~-> 00:47:46,259
4491 you get institutional sponsorship behind
4492
4493 1124
4494 00:47:46,259 ~-~-> 00:47:48,059
4495 the trades that you're taking. If you
4496
4497 1125
4498 00:47:48,059 ~-~-> 00:47:50,909
4499 see a risk off scenario, which again,
4500
4501 1126
4502 00:47:50,909 ~-~-> 00:47:52,769
4503 that is dollar rallying dollar base
4504
4505 1127
4506 00:47:52,769 ~-~-> 00:47:59,519
4507 rally is going to see a decline in the
4508
4509 1128
4510 00:47:59,519 ~-~-> 00:48:01,439
4511 British Pound Okay, the British pounds
4512
4513 1129
4514 00:48:01,439 ~-~-> 00:48:03,539
4515 can be falling against the dollar, what
4516
4517 1130
4518 00:48:03,539 ~-~-> 00:48:06,359
4519 you're looking for is the opening, rally
4520
4521 1131
4522 00:48:06,359 ~-~-> 00:48:09,509
4523 up selling to that and expect the down
4524
4525 1132
4526 00:48:09,509 ~-~-> 00:48:11,369
4527 move to occur and have a lower close,
4528
4529 1133
4530 00:48:11,639 ~-~-> 00:48:14,279
4531 you want to see range expansion. Okay,
4532
4533 1134
4534 00:48:14,279 ~-~-> 00:48:16,289
4535 range expansion is this thing here. When
4536
4537 1135
4538 00:48:16,289 ~-~-> 00:48:17,519
4539 you have the daily range, we have the
4540
4541 1136
4542 00:48:17,519 ~-~-> 00:48:20,429
4543 opening price here are trades up as we
4544
4545 1137
4546 00:48:20,429 ~-~-> 00:48:22,499
4547 see here. So really, I guess we should
4548
4549 1138
4550 00:48:22,499 ~-~-> 00:48:26,249
4551 be really just saying this. The opening
4552
4553 1139
4554 00:48:26,249 ~-~-> 00:48:29,069
4555 price is right there. Okay. So this
4556
4557 1140
4558 00:48:29,069 ~-~-> 00:48:30,929
4559 little box in here, that's
4560
4561 1141
4562 00:48:30,929 ~-~-> 00:48:32,039
4563 representative right here, if this is
4564
4565 1142
4566 00:48:32,039 ~-~-> 00:48:34,199
4567 the daily range that we see on this
4568
4569 1143
4570 00:48:34,199 ~-~-> 00:48:36,449
4571 example, like say this right here, this
4572
4573 1144
4574 00:48:36,449 ~-~-> 00:48:38,519
4575 is the daily range itself. Okay,
4576
4577 1145
4578 00:48:38,759 ~-~-> 00:48:41,189
4579 graphically depicted over here. The
4580
4581 1146
4582 00:48:41,189 ~-~-> 00:48:43,889
4583 opening, the initial move up from the
4584
4585 1147
4586 00:48:43,889 ~-~-> 00:48:45,689
4587 opening price, which is here, look how
4588
4589 1148
4590 00:48:45,689 ~-~-> 00:48:47,939
4591 much opportunity you had to find sell
4592
4593 1149
4594 00:48:47,939 ~-~-> 00:48:50,189
4595 scenarios just above the opening price,
4596
4597 1150
4598 00:48:50,249 ~-~-> 00:48:53,939
4599 just selling it, okay? If you're worried
4600
4601 1151
4602 00:48:53,939 ~-~-> 00:48:56,939
4603 about being stopped out, if you're
4604
4605 1152
4606 00:48:56,939 ~-~-> 00:48:58,919
4607 afraid that you're going to be stopped
4608
4609 1153
4610 00:48:58,919 ~-~-> 00:49:00,539
4611 out and you're going to lose Money.
4612
4613 1154
4614 00:49:01,229 ~-~-> 00:49:04,319
4615 Okay, you need to stop that. throw that
4616
4617 1155
4618 00:49:04,319 ~-~-> 00:49:05,339
4619 out right now there's I'm going to take
4620
4621 1156
4622 00:49:05,339 ~-~-> 00:49:06,419
4623 you right? I'm going to take away every
4624
4625 1157
4626 00:49:06,419 ~-~-> 00:49:07,859
4627 excuse in the book for you right now.
4628
4629 1158
4630 00:49:08,099 ~-~-> 00:49:10,949
4631 Okay? Are you ready? Nod your head. I'm
4632
4633 1159
4634 00:49:10,949 ~-~-> 00:49:13,709
4635 ready, Michael, I'm ready. Okay. What's
4636
4637 1160
4638 00:49:13,709 ~-~-> 00:49:14,669
4639 you're going to do is you're going to
4640
4641 1161
4642 00:49:14,699 ~-~-> 00:49:20,279
4643 look at an example of time and price as
4644
4645 1162
4646 00:49:20,279 ~-~-> 00:49:23,549
4647 it relates to stop loss placement. Okay,
4648
4649 1163
4650 00:49:23,789 ~-~-> 00:49:25,589
4651 now assume we have this idea that we
4652
4653 1164
4654 00:49:25,589 ~-~-> 00:49:27,089
4655 think price is going to trade up to this
4656
4657 1165
4658 00:49:27,089 ~-~-> 00:49:28,529
4659 point here because we already identified
4660
4661 1166
4662 00:49:28,529 ~-~-> 00:49:30,389
4663 our range. Okay, we understand the time
4664
4665 1167
4666 00:49:30,389 ~-~-> 00:49:31,859
4667 of day, we understand that we're above
4668
4669 1168
4670 00:49:31,859 ~-~-> 00:49:33,989
4671 the opening price. Okay, we want to sell
4672
4673 1169
4674 00:49:33,989 ~-~-> 00:49:35,609
4675 in here. So where should our stop be?
4676
4677 1170
4678 00:49:36,419 ~-~-> 00:49:39,089
4679 Well, it should be above this high.
4680
4681 1171
4682 00:49:39,179 ~-~-> 00:49:40,409
4683 That's what our textbooks teach us.
4684
4685 1172
4686 00:49:40,409 ~-~-> 00:49:42,749
4687 Right? Okay, great. That's fine. But now
4688
4689 1173
4690 00:49:42,749 ~-~-> 00:49:48,059
4691 let's talk about why I always talk about
4692
4693 1174
4694 00:49:48,059 ~-~-> 00:49:52,019
4695 using a standard 30 pips stop loss. Now
4696
4697 1175
4698 00:49:52,019 ~-~-> 00:49:53,429
4699 I know you're thinking, Wait a minute, I
4700
4701 1176
4702 00:49:53,429 ~-~-> 00:49:54,539
4703 don't want to lose. I don't want to use
4704
4705 1177
4706 00:49:54,539 ~-~-> 00:49:56,189
4707 a 30 PIP stop loss that doesn't sound
4708
4709 1178
4710 00:49:56,189 ~-~-> 00:49:57,959
4711 like it's going to work out well. You
4712
4713 1179
4714 00:49:57,959 ~-~-> 00:49:59,159
4715 know, it's going to be a big loss. Well,
4716
4717 1180
4718 00:49:59,189 ~-~-> 00:50:01,229
4719 it would be if you had A lot of money in
4720
4721 1181
4722 00:50:01,229 ~-~-> 00:50:03,419
4723 terms of your risk exposure over 30
4724
4725 1182
4726 00:50:03,419 ~-~-> 00:50:06,419
4727 pips. But what I want you to look over
4728
4729 1183
4730 00:50:06,419 ~-~-> 00:50:08,999
4731 here when I put this little thing, this
4732
4733 1184
4734 00:50:08,999 ~-~-> 00:50:10,559
4735 little cursor here, notice there's
4736
4737 1185
4738 00:50:10,559 ~-~-> 00:50:13,229
4739 little numbers right now says 32 now
4740
4741 1186
4742 00:50:13,229 ~-~-> 00:50:17,669
4743 says 2441 Okay, I'm what I'm doing is
4744
4745 1187
4746 00:50:17,669 ~-~-> 00:50:20,819
4747 I'm putting a range of 30 See that?
4748
4749 1188
4750 00:50:23,369 ~-~-> 00:50:27,779
4751 That's 30 pips right there. Now that
4752
4753 1189
4754 00:50:27,779 ~-~-> 00:50:30,419
4755 rectangle is graphically depicting where
4756
4757 1190
4758 00:50:30,509 ~-~-> 00:50:33,629
4759 30 pips range is in difference to
4760
4761 1191
4762 00:50:33,629 ~-~-> 00:50:34,739
4763 wherever I want to place it on the
4764
4765 1192
4766 00:50:34,739 ~-~-> 00:50:37,049
4767 chart, if this is where we're entering
4768
4769 1193
4770 00:50:37,079 ~-~-> 00:50:40,079
4771 in London open at 815 GMT, or eight,
4772
4773 1194
4774 00:50:40,649 ~-~-> 00:50:44,579
4775 GMT, which is basically 2am
4776
4777 1195
4778 00:50:45,810 ~-~-> 00:50:49,950
4779 I'm sorry, 3am 3am New York time, if you
4780
4781 1196
4782 00:50:49,950 ~-~-> 00:50:53,250
4783 take that entry point, and we're going
4784
4785 1197
4786 00:50:53,250 ~-~-> 00:50:55,920
4787 to use the 62% line right there who I'm
4788
4789 1198
4790 00:50:55,920 ~-~-> 00:50:57,900
4791 doing, I'm taking that range of that,
4792
4793 1199
4794 00:50:57,960 ~-~-> 00:51:00,300
4795 that 30 pips on this rectangle Putting
4796
4797 1200
4798 00:51:00,300 ~-~-> 00:51:02,910
4799 rate on that level right here at 62. And
4800
4801 1201
4802 00:51:02,910 ~-~-> 00:51:06,000
4803 I'm adding 30 pips to it right up here.
4804
4805 1202
4806 00:51:06,030 ~-~-> 00:51:10,470
4807 That's where your stop loss is. As
4808
4809 1203
4810 00:51:10,470 ~-~-> 00:51:12,360
4811 you're learning, this is what you're
4812
4813 1204
4814 00:51:12,360 ~-~-> 00:51:13,530
4815 going to do, you're going to place your
4816
4817 1205
4818 00:51:13,530 ~-~-> 00:51:18,450
4819 stop loss order right there at 169 12
4820
4821 1206
4822 00:51:18,480 ~-~-> 00:51:23,880
4823 your entry price is at 168 85. No, no,
4824
4825 1207
4826 00:51:23,880 ~-~-> 00:51:25,260
4827 it's not. I mean, get that. I mean, make
4828
4829 1208
4830 00:51:25,260 ~-~-> 00:51:28,800
4831 sure I'm saying this right. Okay, right
4832
4833 1209
4834 00:51:28,800 ~-~-> 00:51:33,630
4835 here, you have 168 82 and 30 pips away
4836
4837 1210
4838 00:51:33,630 ~-~-> 00:51:37,920
4839 is 169 12. Okay, so you have this much
4840
4841 1211
4842 00:51:38,190 ~-~-> 00:51:39,750
4843 in terms of space between where you're
4844
4845 1212
4846 00:51:39,750 ~-~-> 00:51:41,190
4847 entering and where your stop loss is
4848
4849 1213
4850 00:51:41,190 ~-~-> 00:51:45,480
4851 going to be. Now. What does that mean?
4852
4853 1214
4854 00:51:46,560 ~-~-> 00:51:50,520
4855 Well, whatever you sell here, okay, if
4856
4857 1215
4858 00:51:50,520 ~-~-> 00:51:52,500
4859 price was to take you out, and by
4860
4861 1216
4862 00:51:52,500 ~-~-> 00:51:54,990
4863 trading up to that level here, okay, and
4864
4865 1217
4866 00:51:54,990 ~-~-> 00:51:57,480
4867 really, that only has to happen by
4868
4869 1218
4870 00:51:59,280 ~-~-> 00:52:04,380
4871 trading. 160 909 would take you
4872
4873 1219
4874 00:52:04,380 ~-~-> 00:52:07,020
4875 essentially most like and most in most
4876
4877 1220
4878 00:52:07,110 ~-~-> 00:52:08,430
4879 platforms it would take you off at
4880
4881 1221
4882 00:52:08,430 ~-~-> 00:52:10,500
4883 traded at that point because you got a
4884
4885 1222
4886 00:52:10,500 ~-~-> 00:52:13,740
4887 factor to spread. So you're probably
4888
4889 1223
4890 00:52:13,740 ~-~-> 00:52:16,020
4891 really in even though you're looking at
4892
4893 1224
4894 00:52:16,020 ~-~-> 00:52:18,150
4895 30 pips, the market main times will take
4896
4897 1225
4898 00:52:18,150 ~-~-> 00:52:21,870
4899 you out 27 So why do I use 30 pips? 30
4900
4901 1226
4902 00:52:21,870 ~-~-> 00:52:24,750
4903 pips? I want you to do a study. Okay? I
4904
4905 1227
4906 00:52:24,750 ~-~-> 00:52:26,640
4907 want you to look at days that create the
4908
4909 1228
4910 00:52:26,640 ~-~-> 00:52:29,190
4911 down moves, okay in London, it makes the
4912
4913 1229
4914 00:52:29,190 ~-~-> 00:52:33,570
4915 high take 30 pips and add it to the high
4916
4917 1230
4918 00:52:34,500 ~-~-> 00:52:37,200
4919 of the highest high during two o'clock
4920
4921 1231
4922 00:52:37,200 ~-~-> 00:52:38,280
4923 in the morning and four o'clock in the
4924
4925 1232
4926 00:52:38,280 ~-~-> 00:52:40,860
4927 morning, New York time. Okay, whatever
4928
4929 1233
4930 00:52:40,860 ~-~-> 00:52:43,260
4931 the highest high was, put it on the
4932
4933 1234
4934 00:52:43,260 ~-~-> 00:52:45,480
4935 highest high there and add 30 pips to
4936
4937 1235
4938 00:52:45,480 ~-~-> 00:52:47,280
4939 that. Okay, and I want you to count how
4940
4941 1236
4942 00:52:47,280 ~-~-> 00:52:51,000
4943 many days that 30 pips gets taken out or
4944
4945 1237
4946 00:52:51,000 ~-~-> 00:52:53,400
4947 will be will be stopped out. Okay, and
4948
4949 1238
4950 00:52:53,400 ~-~-> 00:52:57,630
4951 why am I saying 30 pips? Well, if we
4952
4953 1239
4954 00:52:57,660 ~-~-> 00:53:00,000
4955 were to be very generous, and say that
4956
4957 1240
4958 00:53:00,360 ~-~-> 00:53:03,000
4959 The average daily range for our currency
4960
4961 1241
4962 00:53:03,000 ~-~-> 00:53:06,270
4963 pair is 100 pips. Okay? If it's 100
4964
4965 1242
4966 00:53:06,270 ~-~-> 00:53:11,010
4967 pips, how much of 100 pips is 30?
4968
4969 1243
4970 00:53:11,220 ~-~-> 00:53:15,300
4971 roughly a third. Okay? My The idea
4972
4973 1244
4974 00:53:15,300 ~-~-> 00:53:16,890
4975 behind this, okay and it's really
4976
4977 1245
4978 00:53:16,890 ~-~-> 00:53:18,480
4979 nothing I can attribute to any other
4980
4981 1246
4982 00:53:18,540 ~-~-> 00:53:20,160
4983 author because if it was I would simply
4984
4985 1247
4986 00:53:20,160 ~-~-> 00:53:21,930
4987 take you to their work and say, okay,
4988
4989 1248
4990 00:53:21,930 ~-~-> 00:53:23,730
4991 read this and you'll understand it. If
4992
4993 1249
4994 00:53:23,760 ~-~-> 00:53:26,760
4995 this is 30 pips, it's not okay. But
4996
4997 1250
4998 00:53:26,760 ~-~-> 00:53:29,490
4999 let's assume for a moment that this is
5000
5001 1251
5002 00:53:29,490 ~-~-> 00:53:33,240
5003 the daily range of 100 pips in three
5004
5005 1252
5006 00:53:33,240 ~-~-> 00:53:35,190
5007 stages, let me just do this.
5008
5009 1253
5010 00:53:42,360 ~-~-> 00:53:45,840
5011 So if this whole larger rectangle, if
5012
5013 1254
5014 00:53:45,840 ~-~-> 00:53:49,230
5015 you will, it represents a daily range of
5016
5017 1255
5018 00:53:49,230 ~-~-> 00:53:52,950
5019 100 pips. Okay? If we're trying to sell
5020
5021 1256
5022 00:53:52,950 ~-~-> 00:53:54,780
5023 it, and we sell it anywhere up in the
5024
5025 1257
5026 00:53:54,780 ~-~-> 00:53:57,000
5027 upper portion of the range, okay, we're
5028
5029 1258
5030 00:53:57,000 ~-~-> 00:53:58,980
5031 trying to capture this type of event a
5032
5033 1259
5034 00:53:58,980 ~-~-> 00:54:01,410
5035 move up from it. And down and capture
5036
5037 1260
5038 00:54:01,410 ~-~-> 00:54:03,690
5039 some profits, if we're looking to sell
5040
5041 1261
5042 00:54:03,690 ~-~-> 00:54:05,820
5043 up in the upper third of the range,
5044
5045 1262
5046 00:54:05,970 ~-~-> 00:54:10,290
5047 okay? If we're already in the ideal
5048
5049 1263
5050 00:54:10,320 ~-~-> 00:54:12,570
5051 location of a down day, what's the
5052
5053 1264
5054 00:54:12,570 ~-~-> 00:54:14,910
5055 likelihood of it moving 30 pips from
5056
5057 1265
5058 00:54:14,910 ~-~-> 00:54:17,010
5059 that point and then making a lower low
5060
5061 1266
5062 00:54:17,070 ~-~-> 00:54:18,990
5063 and a lower close, unless it's
5064
5065 1267
5066 00:54:18,990 ~-~-> 00:54:21,900
5067 economically driven by a report or a
5068
5069 1268
5070 00:54:21,930 ~-~-> 00:54:25,650
5071 market moving event, okay, like FOMC, or
5072
5073 1269
5074 00:54:25,950 ~-~-> 00:54:28,200
5075 non farm payroll. Those are the two
5076
5077 1270
5078 00:54:28,230 ~-~-> 00:54:30,390
5079 reasons why I do not trade those days
5080
5081 1271
5082 00:54:30,390 ~-~-> 00:54:32,580
5083 because that's when it can very easily
5084
5085 1272
5086 00:54:32,580 ~-~-> 00:54:34,800
5087 blow through 30 pips and clean out both
5088
5089 1273
5090 00:54:34,800 ~-~-> 00:54:35,940
5091 directions in the marketplace and go
5092
5093 1274
5094 00:54:35,940 ~-~-> 00:54:37,200
5095 back to the center the range from the
5096
5097 1275
5098 00:54:37,200 ~-~-> 00:54:38,880
5099 daily range and go nowhere. And
5100
5101 1276
5102 00:54:38,880 ~-~-> 00:54:40,440
5103 basically, no one makes money that day
5104
5105 1277
5106 00:54:40,560 ~-~-> 00:54:43,290
5107 by doing that, unless you're ultra short
5108
5109 1278
5110 00:54:43,290 ~-~-> 00:54:45,840
5111 term scalper and you fade that move. And
5112
5113 1279
5114 00:54:45,840 ~-~-> 00:54:47,130
5115 I don't like to do it because it's a
5116
5117 1280
5118 00:54:47,130 ~-~-> 00:54:50,370
5119 carnival ride. So FOMC is a joke. Don't
5120
5121 1281
5122 00:54:50,370 ~-~-> 00:54:51,960
5123 play it. Don't, don't trade it. Don't be
5124
5125 1282
5126 00:54:51,960 ~-~-> 00:54:53,670
5127 in front of it. And non farm payroll,
5128
5129 1283
5130 00:54:53,670 ~-~-> 00:54:55,380
5131 there's absolutely no reason why you
5132
5133 1284
5134 00:54:55,380 ~-~-> 00:54:56,790
5135 should be in there doing it unless you
5136
5137 1285
5138 00:54:56,790 ~-~-> 00:54:58,140
5139 want to play in a demo account and just
5140
5141 1286
5142 00:54:58,170 ~-~-> 00:55:00,360
5143 you know, play in a sandbox. But what's
5144
5145 1287
5146 00:55:00,360 ~-~-> 00:55:02,310
5147 the purpose of doing that you can do
5148
5149 1288
5150 00:55:02,310 ~-~-> 00:55:06,450
5151 real trading in 2019 more days, if you
5152
5153 1289
5154 00:55:06,450 ~-~-> 00:55:09,000
5155 will, the rest of the month and actually
5156
5157 1290
5158 00:55:09,000 ~-~-> 00:55:11,280
5159 have days that are absolutely in favor
5160
5161 1291
5162 00:55:11,280 ~-~-> 00:55:13,800
5163 of volatility that is indicative of, you
5164
5165 1292
5166 00:55:13,800 ~-~-> 00:55:15,390
5167 know, price action that we can trade
5168
5169 1293
5170 00:55:15,390 ~-~-> 00:55:17,550
5171 with. So again, that's the reason why we
5172
5173 1294
5174 00:55:17,550 ~-~-> 00:55:20,250
5175 like to use a 30 pips. Now over time.
5176
5177 1295
5178 00:55:20,850 ~-~-> 00:55:23,460
5179 Over time, you will learn to be able to
5180
5181 1296
5182 00:55:23,460 ~-~-> 00:55:27,000
5183 trim that 30 PIP stop loss down. I'm not
5184
5185 1297
5186 00:55:27,000 ~-~-> 00:55:29,190
5187 going to tell you that you should get
5188
5189 1298
5190 00:55:29,190 ~-~-> 00:55:31,230
5191 down to 10 pips, or that you should get
5192
5193 1299
5194 00:55:31,230 ~-~-> 00:55:33,840
5195 down to 15 pips, okay, you can make a
5196
5197 1300
5198 00:55:33,840 ~-~-> 00:55:37,590
5199 career leaving it at 30. But what do you
5200
5201 1301
5202 00:55:37,590 ~-~-> 00:55:39,570
5203 do when you have your entry point and
5204
5205 1302
5206 00:55:39,570 ~-~-> 00:55:40,740
5207 you know where your stop loss is gonna
5208
5209 1303
5210 00:55:40,740 ~-~-> 00:55:43,320
5211 be 30 pips away, this should be no more
5212
5213 1304
5214 00:55:43,320 ~-~-> 00:55:46,980
5215 than one quarter of 1%. Think about what
5216
5217 1305
5218 00:55:46,980 ~-~-> 00:55:51,600
5219 I just told you. One quarter of 1% if
5220
5221 1306
5222 00:55:51,600 ~-~-> 00:55:53,880
5223 you're just now starting, that's the
5224
5225 1307
5226 00:55:53,880 ~-~-> 00:55:56,220
5227 level of risk. Now. Why am I telling you
5228
5229 1308
5230 00:55:56,220 ~-~-> 00:55:58,980
5231 that even in a demo account because if
5232
5233 1309
5234 00:55:58,980 ~-~-> 00:56:02,100
5235 you lose lose money or make money in a
5236
5237 1310
5238 00:56:02,100 ~-~-> 00:56:06,090
5239 demo account. It by default it
5240
5241 1311
5242 00:56:06,540 ~-~-> 00:56:09,360
5243 strategically plans. Okay, you're
5244
5245 1312
5246 00:56:09,360 ~-~-> 00:56:12,990
5247 thinking to think about money. And I'm
5248
5249 1313
5250 00:56:12,990 ~-~-> 00:56:15,420
5251 teaching you to think about the risk.
5252
5253 1314
5254 00:56:16,020 ~-~-> 00:56:17,670
5255 Everything that I'm sharing with you
5256
5257 1315
5258 00:56:17,670 ~-~-> 00:56:19,890
5259 will by default, put money in your
5260
5261 1316
5262 00:56:19,890 ~-~-> 00:56:24,330
5263 account. It will also require you to
5264
5265 1317
5266 00:56:24,330 ~-~-> 00:56:27,810
5267 stick to a low risk, high probability
5268
5269 1318
5270 00:56:27,960 ~-~-> 00:56:30,690
5271 scenario. This is one of those events.
5272
5273 1319
5274 00:56:31,140 ~-~-> 00:56:33,990
5275 They happen a couple times a week, every
5276
5277 1320
5278 00:56:33,990 ~-~-> 00:56:37,380
5279 single week. The problem is, are you
5280
5281 1321
5282 00:56:37,380 ~-~-> 00:56:39,510
5283 going to be there when price does what
5284
5285 1322
5286 00:56:39,510 ~-~-> 00:56:42,240
5287 it does? Think about it. There are
5288
5289 1323
5290 00:56:42,240 ~-~-> 00:56:43,830
5291 several opportunities in the week that
5292
5293 1324
5294 00:56:43,860 ~-~-> 00:56:46,500
5295 really set up really favorable trading
5296
5297 1325
5298 00:56:46,500 ~-~-> 00:56:48,900
5299 opportunities. They're not scalps,
5300
5301 1326
5302 00:56:48,930 ~-~-> 00:56:52,050
5303 they're intraday day trades. People that
5304
5305 1327
5306 00:56:52,050 ~-~-> 00:56:54,030
5307 have jobs can still do these types of
5308
5309 1328
5310 00:56:54,030 ~-~-> 00:56:56,160
5311 trades, but it will require you to wake
5312
5313 1329
5314 00:56:56,160 ~-~-> 00:56:59,040
5315 up at midnight, New York time. Take a
5316
5317 1330
5318 00:56:59,040 ~-~-> 00:57:01,680
5319 glance at where we're at. Look at
5320
5321 1331
5322 00:57:01,680 ~-~-> 00:57:04,260
5323 whatever previous ranges, okay? And then
5324
5325 1332
5326 00:57:04,260 ~-~-> 00:57:08,010
5327 you're going to basically use that as a,
5328
5329 1333
5330 00:57:08,580 ~-~-> 00:57:10,320
5331 as a basis to determine where your trade
5332
5333 1334
5334 00:57:10,650 ~-~-> 00:57:13,260
5335 setups going to be. Ideally, I think
5336
5337 1335
5338 00:57:13,260 ~-~-> 00:57:16,440
5339 London, if you're going to trade it, you
5340
5341 1336
5342 00:57:16,440 ~-~-> 00:57:18,780
5343 know, you need to be awake in front of
5344
5345 1337
5346 00:57:18,780 ~-~-> 00:57:21,780
5347 the charts, okay? But if you are really
5348
5349 1338
5350 00:57:24,780 ~-~-> 00:57:26,460
5351 gung ho about what you're seeing on the
5352
5353 1339
5354 00:57:26,460 ~-~-> 00:57:30,750
5355 charts at at midnight, okay, you can use
5356
5357 1340
5358 00:57:30,750 ~-~-> 00:57:32,430
5359 the previous range here or if you're
5360
5361 1341
5362 00:57:32,430 ~-~-> 00:57:34,290
5363 watching price, what I like to do is I
5364
5365 1342
5366 00:57:34,290 ~-~-> 00:57:37,350
5367 like to see an intraday high getting
5368
5369 1343
5370 00:57:37,350 ~-~-> 00:57:39,090
5371 taken out where like we have here, this
5372
5373 1344
5374 00:57:39,090 ~-~-> 00:57:42,000
5375 is the high end here. If you draw out a
5376
5377 1345
5378 00:57:42,000 ~-~-> 00:57:43,230
5379 little line, let's do that.
5380
5381 1346
5382 00:57:49,260 ~-~-> 00:57:50,910
5383 Actually, I draw the wrong one, but
5384
5385 1347
5386 00:57:50,910 ~-~-> 00:57:53,490
5387 still, it'll work. This is the high
5388
5389 1348
5390 00:57:53,640 ~-~-> 00:57:55,110
5391 Okay, and anything above it would be a
5392
5393 1349
5394 00:57:55,110 ~-~-> 00:57:58,680
5395 turtle suit, or stop raid, okay. And by
5396
5397 1350
5398 00:57:58,680 ~-~-> 00:58:00,540
5399 having that idea that would be another
5400
5401 1351
5402 00:58:00,540 ~-~-> 00:58:01,800
5403 pattern you can use if you're not an
5404
5405 1352
5406 00:58:01,800 ~-~-> 00:58:04,230
5407 optimal trade entry fan. Okay? The other
5408
5409 1353
5410 00:58:04,230 ~-~-> 00:58:05,580
5411 pattern I like to use a lot is the
5412
5413 1354
5414 00:58:05,580 ~-~-> 00:58:07,020
5415 turtle soup, which is a false breakout.
5416
5417 1355
5418 00:58:07,230 ~-~-> 00:58:09,510
5419 Okay. And many times, that's really
5420
5421 1356
5422 00:58:09,510 ~-~-> 00:58:12,000
5423 classic London open set setups. It's
5424
5425 1357
5426 00:58:12,000 ~-~-> 00:58:13,470
5427 just one of these previous intraday
5428
5429 1358
5430 00:58:13,470 ~-~-> 00:58:15,900
5431 highs. And there it is, that's what you
5432
5433 1359
5434 00:58:15,900 ~-~-> 00:58:18,690
5435 sell into. But without having the
5436
5437 1360
5438 00:58:18,690 ~-~-> 00:58:20,460
5439 context of understanding that you're in
5440
5441 1361
5442 00:58:20,460 ~-~-> 00:58:22,560
5443 an environment that you're expecting
5444
5445 1362
5446 00:58:22,590 ~-~-> 00:58:25,740
5447 down moves on a macro level, okay,
5448
5449 1363
5450 00:58:25,740 ~-~-> 00:58:26,880
5451 you're not going to understand how to
5452
5453 1364
5454 00:58:26,880 ~-~-> 00:58:29,310
5455 zero in on these very, very, very small
5456
5457 1365
5458 00:58:29,310 ~-~-> 00:58:31,530
5459 little time frames and segments of the
5460
5461 1366
5462 00:58:31,530 ~-~-> 00:58:34,080
5463 daily range to defer it out these
5464
5465 1367
5466 00:58:34,080 ~-~-> 00:58:36,150
5467 opportunities. We already told you what
5468
5469 1368
5470 00:58:36,150 ~-~-> 00:58:38,640
5471 time of day these things occur. And I'm
5472
5473 1369
5474 00:58:38,640 ~-~-> 00:58:44,700
5475 going to give you let's see, what what
5476
5477 1370
5478 00:58:44,700 ~-~-> 00:58:45,930
5479 can I show you here? What was I going to
5480
5481 1371
5482 00:58:45,930 ~-~-> 00:58:48,030
5483 do here? Let's do this.
5484
5485 1372
5486 00:58:53,400 ~-~-> 00:58:58,890
5487 Okay, yeah. Let's zoom in and it's good
5488
5489 1373
5490 00:58:58,890 ~-~-> 00:59:03,780
5491 to that same day. And where are we at?
5492
5493 1374
5494 00:59:06,810 ~-~-> 00:59:10,140
5495 Last night? Awesome a spot here guys.
5496
5497 1375
5498 00:59:23,849 ~-~-> 00:59:24,959
5499 Yeah, August 1.
5500
5501 1376
5502 00:59:33,000 ~-~-> 00:59:36,450
5503 Okay, August 1. Okay, so we talked about
5504
5505 1377
5506 00:59:36,450 ~-~-> 00:59:38,790
5507 the London open kill zone. And this
5508
5509 1378
5510 00:59:38,790 ~-~-> 00:59:40,170
5511 indicator, which I'll be sharing with
5512
5513 1379
5514 00:59:40,170 ~-~-> 00:59:42,330
5515 you guys. I'll send you a link through
5516
5517 1380
5518 00:59:42,330 ~-~-> 00:59:44,250
5519 Twitter where you can actually go and
5520
5521 1381
5522 00:59:44,790 ~-~-> 00:59:46,920
5523 download these from my website at the
5524
5525 1382
5526 00:59:46,920 ~-~-> 00:59:49,770
5527 inner circle trader calm the blue line
5528
5529 1383
5530 00:59:49,770 ~-~-> 00:59:54,000
5531 in here. This is viewed as bracketing
5532
5533 1384
5534 00:59:54,000 ~-~-> 00:59:56,580
5535 out if you will. And I like this form I
5536
5537 1385
5538 00:59:56,580 ~-~-> 00:59:58,500
5539 used to be. I used to draw it on my
5540
5541 1386
5542 00:59:58,500 ~-~-> 01:00:01,680
5543 charts you instantly The time donut in
5544
5545 1387
5546 01:00:01,680 ~-~-> 01:00:04,440
5547 my videos, but I liked the idea of
5548
5549 1388
5550 01:00:04,440 ~-~-> 01:00:07,440
5551 having very clean at the bottom because
5552
5553 1389
5554 01:00:07,440 ~-~-> 01:00:09,150
5555 I understand the window of opportunity.
5556
5557 1390
5558 01:00:09,180 ~-~-> 01:00:10,620
5559 And I really want you guys to think that
5560
5561 1391
5562 01:00:10,620 ~-~-> 01:00:12,450
5563 way and keep your charts clean at the
5564
5565 1392
5566 01:00:12,450 ~-~-> 01:00:14,670
5567 beginning of that line, which is right
5568
5569 1393
5570 01:00:14,670 ~-~-> 01:00:18,480
5571 here. Okay, and the end of the line. And
5572
5573 1394
5574 01:00:18,480 ~-~-> 01:00:19,350
5575 again, we're talking about this little
5576
5577 1395
5578 01:00:19,350 ~-~-> 01:00:22,170
5579 blue little section of time. This whole
5580
5581 1396
5582 01:00:22,170 ~-~-> 01:00:26,550
5583 pocket of time of day is the ICT London
5584
5585 1397
5586 01:00:26,550 ~-~-> 01:00:31,500
5587 open kill zone. Okay. It can extend to
5588
5589 1398
5590 01:00:31,590 ~-~-> 01:00:36,090
5591 10 GMT, which is basically 5am on New
5592
5593 1399
5594 01:00:36,090 ~-~-> 01:00:38,040
5595 York time, and it can start as early as
5596
5597 1400
5598 01:00:38,040 ~-~-> 01:00:43,260
5599 1am New York time or six GMT, okay, but
5600
5601 1401
5602 01:00:43,260 ~-~-> 01:00:46,440
5603 by far and large between seven GMT and
5604
5605 1402
5606 01:00:46,440 ~-~-> 01:00:49,230
5607 nine GMT, or two o'clock and four
5608
5609 1403
5610 01:00:49,230 ~-~-> 01:00:51,060
5611 o'clock in the morning, that's usually
5612
5613 1404
5614 01:00:51,060 ~-~-> 01:00:53,220
5615 when the higher load day forms. Now,
5616
5617 1405
5618 01:00:53,610 ~-~-> 01:00:55,440
5619 what does that mean? Well, if we have
5620
5621 1406
5622 01:00:55,440 ~-~-> 01:00:57,990
5623 already IRA arrived at the idea that the
5624
5625 1407
5626 01:00:57,990 ~-~-> 01:01:00,540
5627 dollar during this time It's been an
5628
5629 1408
5630 01:01:00,540 ~-~-> 01:01:02,460
5631 hour and already established up move.
5632
5633 1409
5634 01:01:03,210 ~-~-> 01:01:04,530
5635 And we come down to a level we're
5636
5637 1410
5638 01:01:04,530 ~-~-> 01:01:07,020
5639 anticipating support, we expect a bounce
5640
5641 1411
5642 01:01:07,050 ~-~-> 01:01:08,850
5643 in the dollar, even if it's short lived.
5644
5645 1412
5646 01:01:09,150 ~-~-> 01:01:12,090
5647 It gives us a prognostication of future
5648
5649 1413
5650 01:01:12,090 ~-~-> 01:01:14,160
5651 price action in the cable. And you see
5652
5653 1414
5654 01:01:14,160 ~-~-> 01:01:15,840
5655 that happening here with lower prices.
5656
5657 1415
5658 01:01:15,990 ~-~-> 01:01:18,570
5659 Okay, extending lower going back to our
5660
5661 1416
5662 01:01:18,570 ~-~-> 01:01:22,500
5663 intraday This is that that move up,
5664
5665 1417
5666 01:01:22,830 ~-~-> 01:01:24,810
5667 okay, that occurred. But look, it's
5668
5669 1418
5670 01:01:24,810 ~-~-> 01:01:26,550
5671 happening this this blue area here it
5672
5673 1419
5674 01:01:26,550 ~-~-> 01:01:29,850
5675 just helps us identify when, when these
5676
5677 1420
5678 01:01:29,850 ~-~-> 01:01:32,400
5679 moves are going to occur. So we
5680
5681 1421
5682 01:01:32,400 ~-~-> 01:01:34,830
5683 understand time of day, we understand
5684
5685 1422
5686 01:01:35,160 ~-~-> 01:01:40,020
5687 the range expansion theory that the
5688
5689 1423
5690 01:01:40,020 ~-~-> 01:01:43,260
5691 daily range will move down and the daily
5692
5693 1424
5694 01:01:43,260 ~-~-> 01:01:45,210
5695 bar will become larger throughout the
5696
5697 1425
5698 01:01:45,210 ~-~-> 01:01:47,550
5699 day. But the beginning of the move on a
5700
5701 1426
5702 01:01:47,550 ~-~-> 01:01:50,850
5703 down day occurs at London open at a pre
5704
5705 1427
5706 01:01:50,850 ~-~-> 01:01:53,130
5707 determined measurable move with
5708
5709 1428
5710 01:01:53,340 ~-~-> 01:01:57,990
5711 retracements at the beginning of a time
5712
5713 1429
5714 01:01:57,990 ~-~-> 01:02:00,540
5715 of day accession like this To the ICT
5716
5717 1430
5718 01:02:00,540 ~-~-> 01:02:03,990
5719 kill zone unique to me between two
5720
5721 1431
5722 01:02:03,990 ~-~-> 01:02:05,370
5723 o'clock and four o'clock in the morning
5724
5725 1432
5726 01:02:05,370 ~-~-> 01:02:07,050
5727 that's going to be your time window
5728
5729 1433
5730 01:02:07,050 ~-~-> 01:02:09,660
5731 where the setups occur. So what am I
5732
5733 1434
5734 01:02:09,660 ~-~-> 01:02:11,820
5735 teaching you here? I'm telling you how
5736
5737 1435
5738 01:02:11,820 ~-~-> 01:02:14,430
5739 to find the news. I'm telling you how to
5740
5741 1436
5742 01:02:14,460 ~-~-> 01:02:16,650
5743 pick the direction the day. I'm telling
5744
5745 1437
5746 01:02:16,650 ~-~-> 01:02:19,650
5747 you how to anticipate the setups to
5748
5749 1438
5750 01:02:19,650 ~-~-> 01:02:22,290
5751 occur. Both my patterns that I trade are
5752
5753 1439
5754 01:02:22,290 ~-~-> 01:02:25,830
5755 always overlapping. Okay? The optimal
5756
5757 1440
5758 01:02:25,830 ~-~-> 01:02:27,480
5759 trade entry which is retracement driven,
5760
5761 1441
5762 01:02:27,870 ~-~-> 01:02:31,890
5763 right here. turtle soup. Short term high
5764
5765 1442
5766 01:02:32,160 ~-~-> 01:02:34,860
5767 rally through it's a false breakout.
5768
5769 1443
5770 01:02:34,950 ~-~-> 01:02:36,570
5771 Boom. That's what you want to sell into.
5772
5773 1444
5774 01:02:36,960 ~-~-> 01:02:39,150
5775 Okay, when during the London open
5776
5777 1445
5778 01:02:39,150 ~-~-> 01:02:42,150
5779 session, how long do you hold it until
5780
5781 1446
5782 01:02:42,450 ~-~-> 01:02:45,720
5783 London close. Later in the day you want
5784
5785 1447
5786 01:02:45,720 ~-~-> 01:02:47,700
5787 to see range expansion going lower, it
5788
5789 1448
5790 01:02:47,700 ~-~-> 01:02:49,260
5791 really expands and drops off
5792
5793 1449
5794 01:02:49,260 ~-~-> 01:02:52,230
5795 precipitously here. I've told you how to
5796
5797 1450
5798 01:02:52,230 ~-~-> 01:02:54,030
5799 place your stop loss use a 30 PIP stop
5800
5801 1451
5802 01:02:54,030 ~-~-> 01:02:56,490
5803 loss. Why? Because the chances of it
5804
5805 1452
5806 01:02:56,490 ~-~-> 01:02:58,950
5807 opening at New York's midnight timeframe
5808
5809 1453
5810 01:02:59,220 ~-~-> 01:03:01,050
5811 okay or even The beginning of the new
5812
5813 1454
5814 01:03:01,050 ~-~-> 01:03:03,690
5815 day over here. It moving 30 pips up and
5816
5817 1455
5818 01:03:03,690 ~-~-> 01:03:06,360
5819 then moving down doesn't happen. It
5820
5821 1456
5822 01:03:06,360 ~-~-> 01:03:08,880
5823 can't happen sure can. But it's so
5824
5825 1457
5826 01:03:08,910 ~-~-> 01:03:11,430
5827 unlikely, okay, there's no reason for
5828
5829 1458
5830 01:03:11,430 ~-~-> 01:03:13,710
5831 you to be afraid to trade none. If
5832
5833 1459
5834 01:03:13,710 ~-~-> 01:03:15,150
5835 you're afraid, it's because you're
5836
5837 1460
5838 01:03:15,150 ~-~-> 01:03:18,030
5839 trading too much money and you know, if
5840
5841 1461
5842 01:03:18,030 ~-~-> 01:03:20,820
5843 you really ask yourself honestly, if you
5844
5845 1462
5846 01:03:20,820 ~-~-> 01:03:22,830
5847 lost on that trade, would it hurt you?
5848
5849 1463
5850 01:03:22,860 ~-~-> 01:03:24,900
5851 Yes, it would hurt you. Because you got
5852
5853 1464
5854 01:03:24,900 ~-~-> 01:03:27,870
5855 too much leverage on it. If you start
5856
5857 1465
5858 01:03:27,870 ~-~-> 01:03:30,540
5859 off with very, very, very ultra low risk
5860
5861 1466
5862 01:03:30,540 ~-~-> 01:03:34,710
5863 point, two, five of 1%. Okay, in other
5864
5865 1467
5866 01:03:34,710 ~-~-> 01:03:36,960
5867 words, one quarter of 1% you're not
5868
5869 1468
5870 01:03:36,960 ~-~-> 01:03:38,460
5871 worrying about money when it's like
5872
5873 1469
5874 01:03:38,460 ~-~-> 01:03:41,370
5875 that. Okay? Because it's so minute, it
5876
5877 1470
5878 01:03:41,370 ~-~-> 01:03:42,570
5879 isn't going to hurt you. It's not you
5880
5881 1471
5882 01:03:42,570 ~-~-> 01:03:44,490
5883 could take 100 losses in a row with that
5884
5885 1472
5886 01:03:44,490 ~-~-> 01:03:46,080
5887 and you're not out of the game. Okay?
5888
5889 1473
5890 01:03:46,380 ~-~-> 01:03:47,400
5891 You're not even you're not and you're
5892
5893 1474
5894 01:03:47,400 ~-~-> 01:03:49,440
5895 nowhere near her. Okay, you could still
5896
5897 1475
5898 01:03:49,440 ~-~-> 01:03:51,480
5899 come back from that. Absolutely. Okay.
5900
5901 1476
5902 01:03:51,960 ~-~-> 01:03:54,360
5903 So, think about I'm telling you to trade
5904
5905 1477
5906 01:03:54,360 ~-~-> 01:03:56,460
5907 in a demo account setting for six
5908
5909 1478
5910 01:03:56,460 ~-~-> 01:04:00,960
5911 months, six months Why? Because it's
5912
5913 1479
5914 01:04:00,960 ~-~-> 01:04:03,390
5915 gonna take you that long to really trust
5916
5917 1480
5918 01:04:03,390 ~-~-> 01:04:04,560
5919 what it is that you should be doing.
5920
5921 1481
5922 01:04:04,830 ~-~-> 01:04:06,540
5923 Now, if you're in a fast track view of
5924
5925 1482
5926 01:04:06,540 ~-~-> 01:04:07,770
5927 things you got to have do it because you
5928
5929 1483
5930 01:04:07,890 ~-~-> 01:04:10,350
5931 got to get to your job and you got to,
5932
5933 1484
5934 01:04:10,560 ~-~-> 01:04:12,300
5935 you got to make life changes that have
5936
5937 1485
5938 01:04:12,300 ~-~-> 01:04:14,610
5939 to happen shorter than that. Do not send
5940
5941 1486
5942 01:04:14,610 ~-~-> 01:04:16,620
5943 me emails, saying that your stuff
5944
5945 1487
5946 01:04:16,620 ~-~-> 01:04:18,060
5947 doesn't work because I couldn't quit my
5948
5949 1488
5950 01:04:18,060 ~-~-> 01:04:20,970
5951 job in six weeks. Okay? I'm telling you,
5952
5953 1489
5954 01:04:20,970 ~-~-> 01:04:22,530
5955 it ain't gonna work like that. Okay, I'm
5956
5957 1490
5958 01:04:22,530 ~-~-> 01:04:25,320
5959 telling you, if you do not invest six
5960
5961 1491
5962 01:04:25,350 ~-~-> 01:04:29,580
5963 months of your time, your hard earned
5964
5965 1492
5966 01:04:29,580 ~-~-> 01:04:30,510
5967 free time
5968
5969 1493
5970 01:04:31,860 ~-~-> 01:04:34,920
5971 to doing this stuff. You don't watch my
5972
5973 1494
5974 01:04:34,920 ~-~-> 01:04:38,010
5975 material. Find something else. Because
5976
5977 1495
5978 01:04:38,010 ~-~-> 01:04:40,740
5979 I'm telling you, my work requires just
5980
5981 1496
5982 01:04:40,740 ~-~-> 01:04:44,310
5983 that work. And I've condensed two
5984
5985 1497
5986 01:04:44,310 ~-~-> 01:04:47,790
5987 decades worth of insights and experience
5988
5989 1498
5990 01:04:48,150 ~-~-> 01:04:50,280
5991 down to what I think and I mean this
5992
5993 1499
5994 01:04:50,280 ~-~-> 01:04:53,100
5995 wholeheartedly. There isn't anything out
5996
5997 1500
5998 01:04:53,100 ~-~-> 01:04:55,590
5999 there better than what I'm sharing. Not
6000
6001 1501
6002 01:04:55,590 ~-~-> 01:04:58,650
6003 one thing. Not one mentor, not a
6004
6005 1502
6006 01:04:58,650 ~-~-> 01:05:01,050
6007 collaboration of mentors. And I mean
6008
6009 1503
6010 01:05:01,050 ~-~-> 01:05:03,630
6011 that with every sincere fiber of my
6012
6013 1504
6014 01:05:03,630 ~-~-> 01:05:05,760
6015 being. And it's not to be braggadocious
6016
6017 1505
6018 01:05:05,790 ~-~-> 01:05:07,800
6019 or arrogant, you can call me that. But
6020
6021 1506
6022 01:05:07,800 ~-~-> 01:05:09,360
6023 I'm telling you on the best thing going
6024
6025 1507
6026 01:05:09,360 ~-~-> 01:05:11,130
6027 today, and the materials I'm giving you
6028
6029 1508
6030 01:05:11,130 ~-~-> 01:05:13,080
6031 cost you nothing but the time sitting
6032
6033 1509
6034 01:05:13,080 ~-~-> 01:05:15,120
6035 from the computer. Now, granted, it may
6036
6037 1510
6038 01:05:15,120 ~-~-> 01:05:16,380
6039 be a whole lot of time between the
6040
6041 1511
6042 01:05:16,380 ~-~-> 01:05:18,360
6043 videos. But I've already promised you
6044
6045 1512
6046 01:05:18,360 ~-~-> 01:05:19,770
6047 that in the beginning did not, it's
6048
6049 1513
6050 01:05:19,770 ~-~-> 01:05:21,540
6051 going to take a lot of patience. And
6052
6053 1514
6054 01:05:21,540 ~-~-> 01:05:23,220
6055 it's going to be expensive in reference
6056
6057 1515
6058 01:05:23,220 ~-~-> 01:05:26,100
6059 to time. Because I have to force you to
6060
6061 1516
6062 01:05:26,100 ~-~-> 01:05:27,540
6063 do this over a long period of time.
6064
6065 1517
6066 01:05:27,750 ~-~-> 01:05:29,280
6067 Otherwise, you're not going to glean
6068
6069 1518
6070 01:05:29,280 ~-~-> 01:05:30,540
6071 what it is that you need to glean.
6072
6073 1519
6074 01:05:30,600 ~-~-> 01:05:32,250
6075 Because you don't know what you need to
6076
6077 1520
6078 01:05:32,250 ~-~-> 01:05:34,620
6079 know. You don't have any idea what it is
6080
6081 1521
6082 01:05:34,620 ~-~-> 01:05:37,020
6083 that you need to know. But it's gonna be
6084
6085 1522
6086 01:05:37,020 ~-~-> 01:05:39,150
6087 me taking you to the chart, looking at
6088
6089 1523
6090 01:05:39,150 ~-~-> 01:05:40,860
6091 specific things over and over and over
6092
6093 1524
6094 01:05:40,860 ~-~-> 01:05:42,300
6095 again. Then you'll start saying, Well,
6096
6097 1525
6098 01:05:42,360 ~-~-> 01:05:44,370
6099 yeah, now I see it. Of course you do,
6100
6101 1526
6102 01:05:44,640 ~-~-> 01:05:45,990
6103 because you've been doing it and you've
6104
6105 1527
6106 01:05:45,990 ~-~-> 01:05:48,090
6107 been desensitized to the fear aspect of
6108
6109 1528
6110 01:05:48,090 ~-~-> 01:05:50,040
6111 trading, losing money and being wrong,
6112
6113 1529
6114 01:05:50,280 ~-~-> 01:05:52,440
6115 because that's really all it is. That's
6116
6117 1530
6118 01:05:52,440 ~-~-> 01:05:53,910
6119 it, think about it. What are you afraid
6120
6121 1531
6122 01:05:53,910 ~-~-> 01:05:58,200
6123 of being wrong? or losing money, both go
6124
6125 1532
6126 01:05:58,260 ~-~-> 01:06:00,330
6127 hand in hand, okay, but those are two
6128
6129 1533
6130 01:06:00,330 ~-~-> 01:06:04,200
6131 primary fears. That's it. We can accept
6132
6133 1534
6134 01:06:04,200 ~-~-> 01:06:05,760
6135 missing moves, not really afraid of
6136
6137 1535
6138 01:06:05,760 ~-~-> 01:06:07,650
6139 missing moves. Okay? We're disappointed
6140
6141 1536
6142 01:06:07,650 ~-~-> 01:06:08,940
6143 if we miss a move, okay, but we're
6144
6145 1537
6146 01:06:08,940 ~-~-> 01:06:10,770
6147 fearful of losing money and being wrong.
6148
6149 1538
6150 01:06:10,800 ~-~-> 01:06:13,110
6151 There are two primary pillars of fear as
6152
6153 1539
6154 01:06:13,110 ~-~-> 01:06:15,810
6155 it relates to speculation. There's other
6156
6157 1540
6158 01:06:15,810 ~-~-> 01:06:17,460
6159 pillars, obviously ego, and that's the
6160
6161 1541
6162 01:06:17,460 ~-~-> 01:06:18,960
6163 folks that spend a lot of times in
6164
6165 1542
6166 01:06:18,960 ~-~-> 01:06:20,340
6167 forums and they share their insights
6168
6169 1543
6170 01:06:20,340 ~-~-> 01:06:21,450
6171 with other people and think that they're
6172
6173 1544
6174 01:06:21,450 ~-~-> 01:06:23,400
6175 smart, and try to be better than the
6176
6177 1545
6178 01:06:23,400 ~-~-> 01:06:26,580
6179 next guy. Okay? Don't be informed. If
6180
6181 1546
6182 01:06:26,580 ~-~-> 01:06:27,840
6183 you're a developing trader, unless
6184
6185 1547
6186 01:06:27,840 ~-~-> 01:06:29,010
6187 you're in you're just reading from
6188
6189 1548
6190 01:06:29,010 ~-~-> 01:06:30,330
6191 someone that has a lot more experience
6192
6193 1549
6194 01:06:30,330 ~-~-> 01:06:31,650
6195 than you. Okay, and you're giving
6196
6197 1550
6198 01:06:31,650 ~-~-> 01:06:34,260
6199 worthwhile investment advice. Okay,
6200
6201 1551
6202 01:06:34,290 ~-~-> 01:06:36,840
6203 obviously, then, yeah, read forms, okay.
6204
6205 1552
6206 01:06:36,840 ~-~-> 01:06:39,720
6207 But you should not be in there trying to
6208
6209 1553
6210 01:06:39,720 ~-~-> 01:06:41,700
6211 teach other people when you don't know
6212
6213 1554
6214 01:06:41,700 ~-~-> 01:06:42,870
6215 what you're doing either. If you're
6216
6217 1555
6218 01:06:42,870 ~-~-> 01:06:44,400
6219 developing, don't try to teach it
6220
6221 1556
6222 01:06:44,400 ~-~-> 01:06:45,630
6223 anybody because you're really doing a
6224
6225 1557
6226 01:06:45,630 ~-~-> 01:06:49,050
6227 lot more harm than you're helping. And
6228
6229 1558
6230 01:06:49,260 ~-~-> 01:06:52,140
6231 I'm encouraged by seeing individuals try
6232
6233 1559
6234 01:06:52,140 ~-~-> 01:06:55,050
6235 to do that. But if you aren't, if you're
6236
6237 1560
6238 01:06:55,050 ~-~-> 01:06:57,780
6239 not making a living at this, don't teach
6240
6241 1561
6242 01:06:57,780 ~-~-> 01:06:59,580
6243 it. Okay? Because you're still
6244
6245 1562
6246 01:06:59,580 ~-~-> 01:07:00,720
6247 developing And there's going to be a
6248
6249 1563
6250 01:07:00,720 ~-~-> 01:07:02,610
6251 whole lot of lessons and my greatest
6252
6253 1564
6254 01:07:02,610 ~-~-> 01:07:04,260
6255 learning happened in the last eight
6256
6257 1565
6258 01:07:04,260 ~-~-> 01:07:07,710
6259 years of my career. Now put that in
6260
6261 1566
6262 01:07:07,740 ~-~-> 01:07:09,810
6263 perspective. You guys want to start
6264
6265 1567
6266 01:07:09,810 ~-~-> 01:07:11,760
6267 trading and quit your job in four weeks,
6268
6269 1568
6270 01:07:11,790 ~-~-> 01:07:13,830
6271 okay? And I've been doing this for two
6272
6273 1569
6274 01:07:13,830 ~-~-> 01:07:16,230
6275 decades. And my best understanding and
6276
6277 1570
6278 01:07:16,230 ~-~-> 01:07:18,090
6279 learning happened in the latter part of
6280
6281 1571
6282 01:07:18,090 ~-~-> 01:07:22,500
6283 my career. Take about that. I wish I
6284
6285 1572
6286 01:07:22,500 ~-~-> 01:07:26,010
6287 knew now, that when I first started, I
6288
6289 1573
6290 01:07:26,010 ~-~-> 01:07:28,110
6291 wish I knew this stuff. I wish I knew
6292
6293 1574
6294 01:07:28,110 ~-~-> 01:07:30,000
6295 this because it would have been a whole
6296
6297 1575
6298 01:07:30,000 ~-~-> 01:07:31,890
6299 lot more different in terms of my
6300
6301 1576
6302 01:07:32,310 ~-~-> 01:07:35,160
6303 development and the pain I did and, you
6304
6305 1577
6306 01:07:35,160 ~-~-> 01:07:37,440
6307 know, basically go through and it was
6308
6309 1578
6310 01:07:37,440 ~-~-> 01:07:40,050
6311 self inflicted. And I'm hoping you guys
6312
6313 1579
6314 01:07:40,080 ~-~-> 01:07:42,180
6315 learn from that. And I keep bringing it
6316
6317 1580
6318 01:07:42,180 ~-~-> 01:07:43,890
6319 up. Because I want you to understand
6320
6321 1581
6322 01:07:43,890 ~-~-> 01:07:45,510
6323 that I'm a real person that went through
6324
6325 1582
6326 01:07:45,570 ~-~-> 01:07:49,680
6327 real problems with this stuff. Real
6328
6329 1583
6330 01:07:49,860 ~-~-> 01:07:51,780
6331 medical problems me It hurt me
6332
6333 1584
6334 01:07:51,780 ~-~-> 01:07:53,880
6335 physically, to the point where I still
6336
6337 1585
6338 01:07:53,880 ~-~-> 01:07:55,860
6339 can't eat comfortably, might have a
6340
6341 1586
6342 01:07:55,860 ~-~-> 01:07:58,290
6343 difficulty swallowing foods. It will
6344
6345 1587
6346 01:07:58,290 ~-~-> 01:08:00,570
6347 work you if you let it It'll make you
6348
6349 1588
6350 01:08:00,570 ~-~-> 01:08:02,100
6351 think you're bigger than you really are.
6352
6353 1589
6354 01:08:02,430 ~-~-> 01:08:03,780
6355 It'll make you think you're smarter than
6356
6357 1590
6358 01:08:03,780 ~-~-> 01:08:05,550
6359 you really are. And it also make you
6360
6361 1591
6362 01:08:05,550 ~-~-> 01:08:07,440
6363 feel much less of a person than you
6364
6365 1592
6366 01:08:07,440 ~-~-> 01:08:09,930
6367 really are. There's a lot of influence
6368
6369 1593
6370 01:08:09,930 ~-~-> 01:08:11,880
6371 that we allow these marketplaces to have
6372
6373 1594
6374 01:08:11,880 ~-~-> 01:08:14,340
6375 over us as a human being. But it's all
6376
6377 1595
6378 01:08:14,370 ~-~-> 01:08:16,680
6379 manageable. It's all controllable, you
6380
6381 1596
6382 01:08:16,680 ~-~-> 01:08:18,840
6383 have control over it. There's nothing
6384
6385 1597
6386 01:08:18,840 ~-~-> 01:08:20,520
6387 forcing you to put that trade on with 5%
6388
6389 1598
6390 01:08:20,520 ~-~-> 01:08:24,510
6391 risk. There's nothing forcing you to sit
6392
6393 1599
6394 01:08:24,510 ~-~-> 01:08:26,760
6395 there and say, I'll pass on that trade,
6396
6397 1600
6398 01:08:27,090 ~-~-> 01:08:30,090
6399 except for common sense. You're in the
6400
6401 1601
6402 01:08:30,090 ~-~-> 01:08:30,450
6403 driver's
6404
6405 1602
6406 01:08:30,449 ~-~-> 01:08:32,699
6407 seat. I don't want credit for your
6408
6409 1603
6410 01:08:32,699 ~-~-> 01:08:34,919
6411 winning trades. And I certainly don't
6412
6413 1604
6414 01:08:34,919 ~-~-> 01:08:37,139
6415 want credit for your losing trades. This
6416
6417 1605
6418 01:08:37,139 ~-~-> 01:08:41,039
6419 whole thing is about what you do at the
6420
6421 1606
6422 01:08:41,039 ~-~-> 01:08:43,139
6423 end of this development, that's what I'm
6424
6425 1607
6426 01:08:43,139 ~-~-> 01:08:45,449
6427 interested in. I want to see what you do
6428
6429 1608
6430 01:08:45,449 ~-~-> 01:08:46,949
6431 with this information. Once you become
6432
6433 1609
6434 01:08:46,949 ~-~-> 01:08:49,169
6435 successful with it. How are you going to
6436
6437 1610
6438 01:08:49,169 ~-~-> 01:08:50,519
6439 help other people with it because that's
6440
6441 1611
6442 01:08:50,519 ~-~-> 01:08:52,079
6443 really, that's what I'm doing. I'm
6444
6445 1612
6446 01:08:52,079 ~-~-> 01:08:55,229
6447 helping you for free. I'm not asking for
6448
6449 1613
6450 01:08:55,229 ~-~-> 01:08:56,609
6451 anything except for share your store
6452
6453 1614
6454 01:08:56,609 ~-~-> 01:08:58,139
6455 with me. I want to know what you're
6456
6457 1615
6458 01:08:58,139 ~-~-> 01:08:59,969
6459 doing with it. I'm not going to have
6460
6461 1616
6462 01:08:59,999 ~-~-> 01:09:02,909
6463 upsell later on 20 $500 workshops come
6464
6465 1617
6466 01:09:02,909 ~-~-> 01:09:04,529
6467 out here and I'm gonna, I'm gonna help
6468
6469 1618
6470 01:09:04,769 ~-~-> 01:09:06,719
6471 you help you even further I've taken
6472
6473 1619
6474 01:09:06,719 ~-~-> 01:09:08,549
6475 that money and, and put in some hokey
6476
6477 1620
6478 01:09:08,609 ~-~-> 01:09:09,899
6479 software program together to help you
6480
6481 1621
6482 01:09:09,899 ~-~-> 01:09:11,909
6483 find trade patterns, okay? You don't
6484
6485 1622
6486 01:09:11,909 ~-~-> 01:09:13,619
6487 need all that stuff. You don't need any
6488
6489 1623
6490 01:09:13,619 ~-~-> 01:09:15,419
6491 of that. Okay? If you're looking for
6492
6493 1624
6494 01:09:15,419 ~-~-> 01:09:16,919
6495 software programs to find trades for
6496
6497 1625
6498 01:09:16,919 ~-~-> 01:09:20,189
6499 you, you're lazy. You're friggin lazy,
6500
6501 1626
6502 01:09:20,489 ~-~-> 01:09:23,669
6503 and lazy doesn't pay, get that in your
6504
6505 1627
6506 01:09:23,669 ~-~-> 01:09:27,059
6507 notes, okay? doesn't pay. I tried that.
6508
6509 1628
6510 01:09:27,179 ~-~-> 01:09:28,589
6511 Okay, and a lot of other people tried it
6512
6513 1629
6514 01:09:28,589 ~-~-> 01:09:32,069
6515 too, and it never pans out. You
6516
6517 1630
6518 01:09:32,069 ~-~-> 01:09:33,599
6519 understand how the markets operate, like
6520
6521 1631
6522 01:09:33,599 ~-~-> 01:09:35,309
6523 we're sharing right here, you'll find
6524
6525 1632
6526 01:09:35,309 ~-~-> 01:09:36,599
6527 trades immediately, you know, when
6528
6529 1633
6530 01:09:36,599 ~-~-> 01:09:37,799
6531 they're gonna happen. I don't need a
6532
6533 1634
6534 01:09:37,799 ~-~-> 01:09:39,569
6535 software program that show me when a
6536
6537 1635
6538 01:09:39,569 ~-~-> 01:09:43,259
6539 pattern is on the chart. I know timewise
6540
6541 1636
6542 01:09:43,379 ~-~-> 01:09:45,179
6543 daily, the day of the week is gonna
6544
6545 1637
6546 01:09:45,179 ~-~-> 01:09:46,589
6547 occur. I know what time is going to
6548
6549 1638
6550 01:09:46,589 ~-~-> 01:09:48,089
6551 occur. I know how the pattern is gonna
6552
6553 1639
6554 01:09:48,089 ~-~-> 01:09:49,679
6555 unfold, and I know where it's most
6556
6557 1640
6558 01:09:49,679 ~-~-> 01:09:52,349
6559 likely going to go directionally. Tell
6560
6561 1641
6562 01:09:52,349 ~-~-> 01:09:54,029
6563 me that software program is going to do
6564
6565 1642
6566 01:09:54,029 ~-~-> 01:09:55,109
6567 that in advance. I could tell you the
6568
6569 1643
6570 01:09:55,109 ~-~-> 01:09:57,479
6571 days of the weeks and months in advance
6572
6573 1644
6574 01:09:57,479 ~-~-> 01:09:58,739
6575 when these patterns gonna happen,
6576
6577 1645
6578 01:09:59,009 ~-~-> 01:10:01,889
6579 because they're that genetic. Eric, I'm
6580
6581 1646
6582 01:10:01,889 ~-~-> 01:10:03,779
6583 sorry, but everything else is playing
6584
6585 1647
6586 01:10:03,779 ~-~-> 01:10:05,279
6587 catch up ball to what you're learning.
6588
6589 1648
6590 01:10:06,059 ~-~-> 01:10:08,999
6591 This is how the markets operate. I'm not
6592
6593 1649
6594 01:10:08,999 ~-~-> 01:10:12,149
6595 trying to sell you the idea. I'm telling
6596
6597 1650
6598 01:10:12,149 ~-~-> 01:10:15,149
6599 you challenge me on it, go through the
6600
6601 1651
6602 01:10:15,149 ~-~-> 01:10:16,469
6603 processes that I'm sharing with you
6604
6605 1652
6606 01:10:16,469 ~-~-> 01:10:18,479
6607 right now. And you tell me that it
6608
6609 1653
6610 01:10:18,479 ~-~-> 01:10:20,639
6611 doesn't work like this, you tell me, you
6612
6613 1654
6614 01:10:20,639 ~-~-> 01:10:22,079
6615 show me that it doesn't work. I've
6616
6617 1655
6618 01:10:22,079 ~-~-> 01:10:24,059
6619 already put it out there. I will give
6620
6621 1656
6622 01:10:24,059 ~-~-> 01:10:28,709
6623 you $10,000 of US currency, cash, to a
6624
6625 1657
6626 01:10:28,709 ~-~-> 01:10:30,599
6627 PayPal account to whatever you want to
6628
6629 1658
6630 01:10:30,599 ~-~-> 01:10:32,849
6631 do. Okay, how to receive it. You show me
6632
6633 1659
6634 01:10:32,849 ~-~-> 01:10:35,219
6635 how this does not consistently work. And
6636
6637 1660
6638 01:10:35,219 ~-~-> 01:10:37,499
6639 you can't be consistently profitable.
6640
6641 1661
6642 01:10:38,009 ~-~-> 01:10:40,229
6643 Okay, by doing what I'm showing you, I
6644
6645 1662
6646 01:10:40,229 ~-~-> 01:10:43,079
6647 guarantee you, it's impossible for you
6648
6649 1663
6650 01:10:43,079 ~-~-> 01:10:45,749
6651 to not be successful with this. Think
6652
6653 1664
6654 01:10:45,749 ~-~-> 01:10:47,909
6655 about what I just said. That's a very,
6656
6657 1665
6658 01:10:47,909 ~-~-> 01:10:49,559
6659 very heavy statement I just laid out
6660
6661 1666
6662 01:10:49,559 ~-~-> 01:10:51,299
6663 there. But I mean, everything I'm
6664
6665 1667
6666 01:10:51,299 ~-~-> 01:10:54,239
6667 telling you. If you do everything I'm
6668
6669 1668
6670 01:10:54,239 ~-~-> 01:10:56,609
6671 showing you to do development exercises
6672
6673 1669
6674 01:10:56,609 ~-~-> 01:10:57,809
6675 during the process of looking
6676
6677 1670
6678 01:10:57,809 ~-~-> 01:10:59,369
6679 everything, breaking the market down
6680
6681 1671
6682 01:10:59,369 ~-~-> 01:11:00,629
6683 like we're showing right We're having a
6684
6685 1672
6686 01:11:00,629 ~-~-> 01:11:02,729
6687 risk on risk off scenario trading with
6688
6689 1673
6690 01:11:02,729 ~-~-> 01:11:04,319
6691 institutional sponsors that behind the
6692
6693 1674
6694 01:11:04,319 ~-~-> 01:11:08,429
6695 ideas of your trade. Do you have the the
6696
6697 1675
6698 01:11:08,429 ~-~-> 01:11:12,059
6699 framework that's Cognizant, okay? Or not
6700
6701 1676
6702 01:11:12,059 ~-~-> 01:11:15,149
6703 times that is representative of what the
6704
6705 1677
6706 01:11:15,149 ~-~-> 01:11:16,589
6707 market should be doing moving higher or
6708
6709 1678
6710 01:11:16,589 ~-~-> 01:11:18,869
6711 lower? If a bear markets on their way,
6712
6713 1679
6714 01:11:19,439 ~-~-> 01:11:20,879
6715 what is your daily charts look like?
6716
6717 1680
6718 01:11:20,999 ~-~-> 01:11:23,249
6719 Down days? Right? How good is down day
6720
6721 1681
6722 01:11:23,249 ~-~-> 01:11:24,809
6723 start? Typically, with a up move
6724
6725 1682
6726 01:11:24,809 ~-~-> 01:11:27,029
6727 intraday, that's usually catching many
6728
6729 1683
6730 01:11:27,029 ~-~-> 01:11:28,679
6731 traders by surprise. Wait a minute, I
6732
6733 1684
6734 01:11:28,679 ~-~-> 01:11:30,629
6735 bought that I'm here I am buying a high
6736
6737 1685
6738 01:11:30,629 ~-~-> 01:11:33,929
6739 today. Guess what? I did that. You're
6740
6741 1686
6742 01:11:33,929 ~-~-> 01:11:36,989
6743 probably doing it now. There's an answer
6744
6745 1687
6746 01:11:36,989 ~-~-> 01:11:39,209
6747 to it. And it's by taking yourself out
6748
6749 1688
6750 01:11:39,209 ~-~-> 01:11:41,669
6751 of the textbooks out of the the guys
6752
6753 1689
6754 01:11:41,669 ~-~-> 01:11:43,349
6755 that want to sell you things and teach
6756
6757 1690
6758 01:11:43,349 ~-~-> 01:11:44,579
6759 you how to be the greatest trader in the
6760
6761 1691
6762 01:11:44,579 ~-~-> 01:11:46,499
6763 world. Okay. Let me tell you something.
6764
6765 1692
6766 01:11:47,939 ~-~-> 01:11:49,679
6767 If they're selling you that stuff, they
6768
6769 1693
6770 01:11:49,679 ~-~-> 01:11:52,709
6771 need the money. If they need the money,
6772
6773 1694
6774 01:11:52,949 ~-~-> 01:11:54,869
6775 they ain't that good of a trader. And
6776
6777 1695
6778 01:11:54,869 ~-~-> 01:11:56,999
6779 it's just that simple. I don't need your
6780
6781 1696
6782 01:11:56,999 ~-~-> 01:11:59,339
6783 money. I don't need your thank yous. I
6784
6785 1697
6786 01:11:59,339 ~-~-> 01:12:01,949
6787 don't need any That stuff. I covered it
6788
6789 1698
6790 01:12:02,009 ~-~-> 01:12:03,869
6791 because I enjoy reading the success
6792
6793 1699
6794 01:12:03,869 ~-~-> 01:12:06,539
6795 stories. Market wizards flowing one and
6796
6797 1700
6798 01:12:06,539 ~-~-> 01:12:09,029
6799 two favorite books, because I was
6800
6801 1701
6802 01:12:09,029 ~-~-> 01:12:11,849
6803 inspired by them. Not all of them, but
6804
6805 1702
6806 01:12:11,849 ~-~-> 01:12:13,619
6807 several individuals in there. I was
6808
6809 1703
6810 01:12:13,619 ~-~-> 01:12:17,159
6811 inspired by I liked their story. I want
6812
6813 1704
6814 01:12:17,159 ~-~-> 01:12:19,769
6815 more of that. swagger is not putting any
6816
6817 1705
6818 01:12:19,769 ~-~-> 01:12:21,719
6819 more books out there, they are engaging
6820
6821 1706
6822 01:12:21,719 ~-~-> 01:12:23,789
6823 to me. So I want to create more, okay, I
6824
6825 1707
6826 01:12:23,789 ~-~-> 01:12:26,519
6827 want to create more stories. And I like
6828
6829 1708
6830 01:12:26,519 ~-~-> 01:12:27,929
6831 sharing my story with you guys. And it
6832
6833 1709
6834 01:12:27,929 ~-~-> 01:12:29,339
6835 may be a broken record to some of you
6836
6837 1710
6838 01:12:29,369 ~-~-> 01:12:31,139
6839 okay, but I want to see more of that.
6840
6841 1711
6842 01:12:31,319 ~-~-> 01:12:32,999
6843 And it's going to come through you doing
6844
6845 1712
6846 01:12:32,999 ~-~-> 01:12:36,959
6847 these very things. Okay. So I know I'm
6848
6849 1713
6850 01:12:36,959 ~-~-> 01:12:38,699
6851 on a soapbox and I went down another
6852
6853 1714
6854 01:12:38,879 ~-~-> 01:12:40,829
6855 rabbit trail but yeah, that's all part
6856
6857 1715
6858 01:12:40,829 ~-~-> 01:12:43,199
6859 of the price of being in these videos.
6860
6861 1716
6862 01:12:43,199 ~-~-> 01:12:44,819
6863 Guys. You knew that in advance is going
6864
6865 1717
6866 01:12:44,819 ~-~-> 01:12:46,079
6867 to be rabbit trails and it's going to be
6868
6869 1718
6870 01:12:46,079 ~-~-> 01:12:47,309
6871 things that you have to listen to and
6872
6873 1719
6874 01:12:47,309 ~-~-> 01:12:50,879
6875 rants and suck it up. So now using this
6876
6877 1720
6878 01:12:50,879 ~-~-> 01:12:53,309
6879 example, we understand that we're in an
6880
6881 1721
6882 01:12:53,309 ~-~-> 01:12:55,619
6883 area or an environment if you will, that
6884
6885 1722
6886 01:12:55,619 ~-~-> 01:12:57,359
6887 price should be seeing weaker prices on
6888
6889 1723
6890 01:12:57,359 ~-~-> 01:12:59,129
6891 the cable. While the dollar should be
6892
6893 1724
6894 01:12:59,129 ~-~-> 01:13:00,659
6895 poised to trade higher. Now obviously,
6896
6897 1725
6898 01:13:00,659 ~-~-> 01:13:02,309
6899 in hindsight, we can see that as a fact.
6900
6901 1726
6902 01:13:02,459 ~-~-> 01:13:04,589
6903 Okay, but also, I'm taking it back to
6904
6905 1727
6906 01:13:04,859 ~-~-> 01:13:06,989
6907 the previous week when I have witnesses.
6908
6909 1728
6910 01:13:07,019 ~-~-> 01:13:08,759
6911 Okay, we're in a live session where I
6912
6913 1729
6914 01:13:08,759 ~-~-> 01:13:10,829
6915 was mapping out all these things and
6916
6917 1730
6918 01:13:11,159 ~-~-> 01:13:12,329
6919 profitable scenarios.
6920
6921 1731
6922 01:13:14,280 ~-~-> 01:13:15,300
6923 Obviously, I shouldn't have to be
6924
6925 1732
6926 01:13:15,300 ~-~-> 01:13:17,160
6927 teaching you support, you know, if price
6928
6929 1733
6930 01:13:17,160 ~-~-> 01:13:18,180
6931 comes down to support, where should
6932
6933 1734
6934 01:13:18,180 ~-~-> 01:13:20,730
6935 price do, you know, go in terms of
6936
6937 1735
6938 01:13:20,730 ~-~-> 01:13:22,200
6939 direction, if it's going to be support,
6940
6941 1736
6942 01:13:22,260 ~-~-> 01:13:24,930
6943 it's going to go up. Okay. So if that's
6944
6945 1737
6946 01:13:24,930 ~-~-> 01:13:26,130
6947 going to happen in the dollar, we're
6948
6949 1738
6950 01:13:26,130 ~-~-> 01:13:27,480
6951 going to see weaker prices in the
6952
6953 1739
6954 01:13:27,480 ~-~-> 01:13:28,830
6955 foreign currency markets. And simply
6956
6957 1740
6958 01:13:28,860 ~-~-> 01:13:30,480
6959 because I like to follow the cable and
6960
6961 1741
6962 01:13:30,480 ~-~-> 01:13:32,460
6963 fiber, obviously, you're gonna see that
6964
6965 1742
6966 01:13:32,460 ~-~-> 01:13:34,410
6967 translate in lower prices between the
6968
6969 1743
6970 01:13:34,410 ~-~-> 01:13:38,640
6971 two asset classes. Now, we identify the
6972
6973 1744
6974 01:13:38,640 ~-~-> 01:13:40,830
6975 selling scenario during London. We'd
6976
6977 1745
6978 01:13:40,830 ~-~-> 01:13:43,230
6979 like to see that setup. And once we're
6980
6981 1746
6982 01:13:43,230 ~-~-> 01:13:45,120
6983 assuming that we're in the position, how
6984
6985 1747
6986 01:13:45,120 ~-~-> 01:13:46,230
6987 long do we hold it? Well, there's
6988
6989 1748
6990 01:13:46,230 ~-~-> 01:13:47,310
6991 several different things we'd like to
6992
6993 1749
6994 01:13:47,310 ~-~-> 01:13:49,500
6995 do. We'd like to look at range
6996
6997 1750
6998 01:13:49,500 ~-~-> 01:13:52,680
6999 projections, which is using Fibonacci
7000
7001 1751
7002 01:13:52,890 ~-~-> 01:13:54,450
7003 and swing projections. And we'd like to
7004
7005 1752
7006 01:13:54,450 ~-~-> 01:13:57,240
7007 use average daily range, which is
7008
7009 1753
7010 01:13:57,240 ~-~-> 01:13:58,680
7011 another tool. That's an indicator. I'll
7012
7013 1754
7014 01:13:58,680 ~-~-> 01:14:00,480
7015 share with you. I can Pull up the
7016
7017 1755
7018 01:14:00,480 ~-~-> 01:14:02,640
7019 average daily range here on this day,
7020
7021 1756
7022 01:14:02,760 ~-~-> 01:14:05,910
7023 and, but if you look at the things like
7024
7025 1757
7026 01:14:05,910 ~-~-> 01:14:07,380
7027 average true range, it'll kind of give
7028
7029 1758
7030 01:14:07,380 ~-~-> 01:14:10,680
7031 you like the five day average range of
7032
7033 1759
7034 01:14:10,680 ~-~-> 01:14:12,630
7035 the last five days. And whatever that
7036
7037 1760
7038 01:14:12,630 ~-~-> 01:14:14,700
7039 range is you just add it, I'm sorry, you
7040
7041 1761
7042 01:14:14,700 ~-~-> 01:14:16,500
7043 subtract it from the low, I'm sorry,
7044
7045 1762
7046 01:14:16,530 ~-~-> 01:14:18,030
7047 good grief, I'm really messing this up
7048
7049 1763
7050 01:14:18,390 ~-~-> 01:14:21,300
7051 the average daily range or average true
7052
7053 1764
7054 01:14:21,300 ~-~-> 01:14:24,300
7055 range of five days, okay. And if you do
7056
7057 1765
7058 01:14:24,300 ~-~-> 01:14:27,180
7059 that, just take that range and subtract
7060
7061 1766
7062 01:14:27,180 ~-~-> 01:14:28,710
7063 it from the highest high the day, and
7064
7065 1767
7066 01:14:28,710 ~-~-> 01:14:30,750
7067 it'll give you approximately where the
7068
7069 1768
7070 01:14:30,960 ~-~-> 01:14:33,630
7071 low should form. Now, I can tell you
7072
7073 1769
7074 01:14:33,630 ~-~-> 01:14:37,170
7075 this, the tool that I use is not average
7076
7077 1770
7078 01:14:37,170 ~-~-> 01:14:41,070
7079 true range is a indicator that I've
7080
7081 1771
7082 01:14:41,550 ~-~-> 01:14:44,370
7083 adopted. Okay, I wish I could remember I
7084
7085 1772
7086 01:14:44,370 ~-~-> 01:14:45,840
7087 got it from because I'd love to be able
7088
7089 1773
7090 01:14:45,840 ~-~-> 01:14:48,540
7091 to give credit to where I did, but I
7092
7093 1774
7094 01:14:48,540 ~-~-> 01:14:50,910
7095 just don't know. And if you guys know
7096
7097 1775
7098 01:14:51,600 ~-~-> 01:14:52,950
7099 where you've seen it before, you know,
7100
7101 1776
7102 01:14:52,950 ~-~-> 01:14:54,120
7103 because I grabbed it off of a forum
7104
7105 1777
7106 01:14:54,120 ~-~-> 01:14:57,060
7107 somewhere. But long and short of it is
7108
7109 1778
7110 01:14:57,090 ~-~-> 01:14:59,580
7111 that tool to me is really good. It's
7112
7113 1779
7114 01:14:59,580 ~-~-> 01:15:03,330
7115 useful. And it's one click away, just
7116
7117 1780
7118 01:15:03,330 ~-~-> 01:15:04,950
7119 taking your mt four clicking it and it's
7120
7121 1781
7122 01:15:04,950 ~-~-> 01:15:06,570
7123 the ICT average daily range indicator.
7124
7125 1782
7126 01:15:06,600 ~-~-> 01:15:08,490
7127 And I didn't create the tool. I didn't
7128
7129 1783
7130 01:15:08,490 ~-~-> 01:15:10,950
7131 program it, okay, but I did adopt it as
7132
7133 1784
7134 01:15:10,950 ~-~-> 01:15:13,770
7135 my tool for using average daily range. I
7136
7137 1785
7138 01:15:13,770 ~-~-> 01:15:15,960
7139 do look at average daily range on a four
7140
7141 1786
7142 01:15:15,960 ~-~-> 01:15:19,020
7143 week basis, I look at a weekly average,
7144
7145 1787
7146 01:15:19,080 ~-~-> 01:15:23,640
7147 not average, but a weekly average range,
7148
7149 1788
7150 01:15:23,850 ~-~-> 01:15:26,670
7151 I use a monthly average range, and I use
7152
7153 1789
7154 01:15:26,670 ~-~-> 01:15:28,980
7155 a five day average. And there's an
7156
7157 1790
7158 01:15:29,010 ~-~-> 01:15:30,870
7159 indicator that I've seen out there that
7160
7161 1791
7162 01:15:31,140 ~-~-> 01:15:33,360
7163 shows all three of those that you can
7164
7165 1792
7166 01:15:33,360 ~-~-> 01:15:34,620
7167 have up in the upper left hand corner of
7168
7169 1793
7170 01:15:34,620 ~-~-> 01:15:37,050
7171 your mt four platform. Man, as soon as I
7172
7173 1794
7174 01:15:37,050 ~-~-> 01:15:38,490
7175 find out where I can get it, I will
7176
7177 1795
7178 01:15:38,580 ~-~-> 01:15:40,350
7179 obviously start incorporating it in my
7180
7181 1796
7182 01:15:40,350 ~-~-> 01:15:41,940
7183 videos and obviously share it with you
7184
7185 1797
7186 01:15:41,940 ~-~-> 01:15:43,320
7187 but if you do know what I'm talking
7188
7189 1798
7190 01:15:43,320 ~-~-> 01:15:46,230
7191 about and have it work can take me to
7192
7193 1799
7194 01:15:46,230 ~-~-> 01:15:48,930
7195 that source where I can get it. I would
7196
7197 1800
7198 01:15:48,930 ~-~-> 01:15:50,430
7199 love that now I'd be very appreciative
7200
7201 1801
7202 01:15:50,430 ~-~-> 01:15:55,890
7203 of it. But as it relates to slings, if
7204
7205 1802
7206 01:15:55,890 ~-~-> 01:15:58,620
7207 we're looking at being a seller,
7208
7209 1803
7210 01:15:58,620 ~-~-> 01:16:01,830
7211 obviously here How long do we hold to
7212
7213 1804
7214 01:16:01,830 ~-~-> 01:16:06,600
7215 trade? Well, time wise timelines we
7216
7217 1805
7218 01:16:06,600 ~-~-> 01:16:08,310
7219 already mentioned that we're looking for
7220
7221 1806
7222 01:16:08,580 ~-~-> 01:16:12,330
7223 10am in New York. Now that is
7224
7225 1807
7226 01:16:12,330 ~-~-> 01:16:13,710
7227 representative of the beginning of this
7228
7229 1808
7230 01:16:13,710 ~-~-> 01:16:15,720
7231 red line. Okay, now this green line here
7232
7233 1809
7234 01:16:15,720 ~-~-> 01:16:18,180
7235 is New York session. This is London
7236
7237 1810
7238 01:16:18,180 ~-~-> 01:16:20,490
7239 close. London close the beginning is
7240
7241 1811
7242 01:16:20,490 ~-~-> 01:16:23,610
7243 10am. At least that's how I view it. So
7244
7245 1812
7246 01:16:23,610 ~-~-> 01:16:26,640
7247 if we looked at that, I shouldn't do
7248
7249 1813
7250 01:16:26,640 ~-~-> 01:16:26,940
7251 that.
7252
7253 1814
7254 01:16:35,460 ~-~-> 01:16:36,480
7255 Let's get this off.
7256
7257 1815
7258 01:16:44,520 ~-~-> 01:16:45,810
7259 I have a mouse sitting right here next
7260
7261 1816
7262 01:16:45,810 ~-~-> 01:16:47,490
7263 to me and I'm still using my touchpad.
7264
7265 1817
7266 01:16:48,540 ~-~-> 01:16:58,710
7267 Good grief. Okay, this is the beginning
7268
7269 1818
7270 01:16:58,740 ~-~-> 01:17:00,930
7271 of the London closed session. So our
7272
7273 1819
7274 01:17:00,960 ~-~-> 01:17:07,890
7275 idea is between this vertical line, this
7276
7277 1820
7278 01:17:07,890 ~-~-> 01:17:09,990
7279 row, line timewise. Now, this is a
7280
7281 1821
7282 01:17:09,990 ~-~-> 01:17:12,270
7283 general theory, it's very generic. And I
7284
7285 1822
7286 01:17:12,270 ~-~-> 01:17:14,550
7287 want you to test it, okay? And much like
7288
7289 1823
7290 01:17:14,550 ~-~-> 01:17:16,230
7291 you see here, it doesn't give you the
7292
7293 1824
7294 01:17:16,230 ~-~-> 01:17:18,570
7295 actual low of the day. Okay, I'm going
7296
7297 1825
7298 01:17:18,570 ~-~-> 01:17:19,860
7299 to give you another scenario where you
7300
7301 1826
7302 01:17:19,860 ~-~-> 01:17:21,690
7303 look for it using the new york session,
7304
7305 1827
7306 01:17:21,690 ~-~-> 01:17:24,810
7307 okay? But you have to two times a day,
7308
7309 1828
7310 01:17:25,020 ~-~-> 01:17:27,180
7311 where you're looking for the opposite
7312
7313 1829
7314 01:17:27,240 ~-~-> 01:17:29,760
7315 end, extreme of the day. Now we're
7316
7317 1830
7318 01:17:29,760 ~-~-> 01:17:31,320
7319 looking at a down day as it relates to
7320
7321 1831
7322 01:17:31,320 ~-~-> 01:17:33,900
7323 this particular vertical, not vertical,
7324
7325 1832
7326 01:17:33,900 ~-~-> 01:17:37,500
7327 but this down move here is all from this
7328
7329 1833
7330 01:17:37,500 ~-~-> 01:17:39,960
7331 line here to this line here. In terms of
7332
7333 1834
7334 01:17:39,960 ~-~-> 01:17:44,610
7335 time, this is all one day. We have this
7336
7337 1835
7338 01:17:44,640 ~-~-> 01:17:46,650
7339 area here is where we like to see the
7340
7341 1836
7342 01:17:46,650 ~-~-> 01:17:48,600
7343 low form on down days. This is where we
7344
7345 1837
7346 01:17:48,600 ~-~-> 01:17:50,850
7347 anticipate it, but the low can form
7348
7349 1838
7350 01:17:50,910 ~-~-> 01:17:53,460
7351 during the New York session, the New
7352
7353 1839
7354 01:17:53,460 ~-~-> 01:17:57,030
7355 York session, okay, can either cap the
7356
7357 1840
7358 01:17:57,030 ~-~-> 01:17:58,260
7359 daily range in other words make the
7360
7361 1841
7362 01:17:58,260 ~-~-> 01:18:00,810
7363 opposite and that was formed. In this
7364
7365 1842
7366 01:18:00,810 ~-~-> 01:18:02,070
7367 case, it's a down day because we have a
7368
7369 1843
7370 01:18:02,070 ~-~-> 01:18:04,950
7371 high up in here in London, the lowest
7372
7373 1844
7374 01:18:04,950 ~-~-> 01:18:08,220
7375 formed here in New York and starts to
7376
7377 1845
7378 01:18:08,220 ~-~-> 01:18:11,790
7379 rally up. This in here is a reversal
7380
7381 1846
7382 01:18:11,790 ~-~-> 01:18:15,000
7383 market profile market comes down, makes
7384
7385 1847
7386 01:18:15,000 ~-~-> 01:18:16,440
7387 a low of the day in New York session and
7388
7389 1848
7390 01:18:16,440 ~-~-> 01:18:20,280
7391 trades now, later on it does trade
7392
7393 1849
7394 01:18:20,280 ~-~-> 01:18:22,950
7395 sideways going into the new day, but we
7396
7397 1850
7398 01:18:22,950 ~-~-> 01:18:28,170
7399 do have the London close timeframe. If
7400
7401 1851
7402 01:18:28,170 ~-~-> 01:18:29,610
7403 you were to take profits from here,
7404
7405 1852
7406 01:18:29,640 ~-~-> 01:18:31,980
7407 entering up here, and closing a trade
7408
7409 1853
7410 01:18:31,980 ~-~-> 01:18:34,440
7411 out here, would you be upset about that?
7412
7413 1854
7414 01:18:35,640 ~-~-> 01:18:37,200
7415 You didn't capture the very, very low
7416
7417 1855
7418 01:18:37,200 ~-~-> 01:18:40,950
7419 low. Okay, you're out here. If you're
7420
7421 1856
7422 01:18:40,950 ~-~-> 01:18:42,930
7423 waiting for perfect scenarios all the
7424
7425 1857
7426 01:18:42,930 ~-~-> 01:18:44,550
7427 time, and you're just going to hold to
7428
7429 1858
7430 01:18:44,550 ~-~-> 01:18:46,110
7431 London close because ICT said London
7432
7433 1859
7434 01:18:46,110 ~-~-> 01:18:48,870
7435 close timeframe is 10 and 11am. And I'm
7436
7437 1860
7438 01:18:48,870 ~-~-> 01:18:50,580
7439 not going to get out before then, okay,
7440
7441 1861
7442 01:18:50,640 ~-~-> 01:18:52,380
7443 you're going to miss some opportunities
7444
7445 1862
7446 01:18:52,380 ~-~-> 01:18:53,610
7447 like this where you get out at a better
7448
7449 1863
7450 01:18:53,610 ~-~-> 01:18:55,380
7451 price. So how do we answer that
7452
7453 1864
7454 01:18:55,380 ~-~-> 01:18:58,590
7455 equation, time and price, time and price
7456
7457 1865
7458 01:18:58,680 ~-~-> 01:19:00,930
7459 so we have to incorporate A couple other
7460
7461 1866
7462 01:19:00,930 ~-~-> 01:19:04,410
7463 things prior to this move down this
7464
7465 1867
7466 01:19:04,410 ~-~-> 01:19:07,110
7467 little spike up in drops okay this Judas
7468
7469 1868
7470 01:19:07,110 ~-~-> 01:19:10,410
7471 swing up we have this primary swing
7472
7473 1869
7474 01:19:10,410 ~-~-> 01:19:12,750
7475 here, they may not be primary too many
7476
7477 1870
7478 01:19:12,750 ~-~-> 01:19:14,460
7479 but to me this is how I look at market
7480
7481 1871
7482 01:19:14,460 ~-~-> 01:19:17,220
7483 structure. We have a low and the highest
7484
7485 1872
7486 01:19:17,220 ~-~-> 01:19:20,040
7487 high in here. Okay, so what we look for?
7488
7489 1873
7490 01:19:21,150 ~-~-> 01:19:26,460
7491 Well let's look at this right here. Okay
7492
7493 1874
7494 01:19:26,490 ~-~-> 01:19:28,860
7495 see this they're pretty much equal. So
7496
7497 1875
7498 01:19:28,860 ~-~-> 01:19:32,250
7499 we're going to use a fib we're gonna
7500
7501 1876
7502 01:19:32,250 ~-~-> 01:19:35,940
7503 take the low, up to the high that's
7504
7505 1877
7506 01:19:35,940 ~-~-> 01:19:38,700
7507 we're dropping Okay See that? When we
7508
7509 1878
7510 01:19:38,700 ~-~-> 01:19:40,620
7511 have that, when we're looking for lower
7512
7513 1879
7514 01:19:40,620 ~-~-> 01:19:44,730
7515 prices, we expect this swing to be
7516
7517 1880
7518 01:19:44,730 ~-~-> 01:19:47,340
7519 measurable move. Once this low is taken
7520
7521 1881
7522 01:19:47,340 ~-~-> 01:19:49,950
7523 out, which it is here, we look for
7524
7525 1882
7526 01:19:50,160 ~-~-> 01:19:55,320
7527 127 162 and 200 extensions 200 extension
7528
7529 1883
7530 01:19:55,320 ~-~-> 01:19:58,770
7531 is basically a multiple, a doubling if
7532
7533 1884
7534 01:19:58,770 ~-~-> 01:20:00,240
7535 you will the range from the low To the
7536
7537 1885
7538 01:20:00,240 ~-~-> 01:20:02,460
7539 high, once the lows taken out, it'll
7540
7541 1886
7542 01:20:02,460 ~-~-> 01:20:04,860
7543 move that much range equivalent from the
7544
7545 1887
7546 01:20:04,860 ~-~-> 01:20:07,230
7547 low down. And that's what you get 200%
7548
7549 1888
7550 01:20:07,230 ~-~-> 01:20:11,220
7551 here. Okay? The 162 extension is in
7552
7553 1889
7554 01:20:11,220 ~-~-> 01:20:14,490
7555 here. And the 127 extension is here at
7556
7557 1890
7558 01:20:14,520 ~-~-> 01:20:16,470
7559 any one of these three price levels,
7560
7561 1891
7562 01:20:16,650 ~-~-> 01:20:20,550
7563 okay? If price gets to it inside of New
7564
7565 1892
7566 01:20:20,550 ~-~-> 01:20:22,740
7567 York or London, that's when you take
7568
7569 1893
7570 01:20:22,740 ~-~-> 01:20:25,650
7571 profits. We, we were trading at the
7572
7573 1894
7574 01:20:25,650 ~-~-> 01:20:26,640
7575 beginning of
7576
7577 1895
7578 01:20:29,430 ~-~-> 01:20:31,590
7579 New York right here. So we were inside
7580
7581 1896
7582 01:20:31,590 ~-~-> 01:20:33,240
7583 New York and we traded at 200. That's
7584
7585 1897
7586 01:20:33,240 ~-~-> 01:20:34,890
7587 when you take your profits, you can
7588
7589 1898
7590 01:20:34,890 ~-~-> 01:20:36,450
7591 leave a little bit on expecting lower
7592
7593 1899
7594 01:20:36,450 ~-~-> 01:20:38,910
7595 prices, okay, and maybe reach for the
7596
7597 1900
7598 01:20:38,910 ~-~-> 01:20:41,310
7599 London close timeframe then. But as it
7600
7601 1901
7602 01:20:41,310 ~-~-> 01:20:44,490
7603 relates to perfection, you're not going
7604
7605 1902
7606 01:20:44,490 ~-~-> 01:20:46,470
7607 to expect perfection. You want to take
7608
7609 1903
7610 01:20:46,470 ~-~-> 01:20:48,030
7611 some profits out there. In fact, you
7612
7613 1904
7614 01:20:48,030 ~-~-> 01:20:49,380
7615 want to take some out when we get below
7616
7617 1905
7618 01:20:49,380 ~-~-> 01:20:50,820
7619 this low as well. You want to take a
7620
7621 1906
7622 01:20:50,820 ~-~-> 01:20:51,930
7623 little bit off something you want to
7624
7625 1907
7626 01:20:51,930 ~-~-> 01:20:55,920
7627 take something off, okay? And if you can
7628
7629 1908
7630 01:20:55,920 ~-~-> 01:20:59,790
7631 manage it where over time, if you start
7632
7633 1909
7634 01:20:59,820 ~-~-> 01:21:01,260
7635 building In your understanding of
7636
7637 1910
7638 01:21:01,260 ~-~-> 01:21:05,280
7639 trading, and you start working up to 2%
7640
7641 1911
7642 01:21:05,280 ~-~-> 01:21:07,380
7643 risk per trade if you do that, if you
7644
7645 1912
7646 01:21:07,380 ~-~-> 01:21:10,410
7647 take off a half a percent, a half of 1%
7648
7649 1913
7650 01:21:10,440 ~-~-> 01:21:11,760
7651 Okay, leaving one and a half percent on
7652
7653 1914
7654 01:21:11,760 ~-~-> 01:21:14,640
7655 the trade for the rest of the day that
7656
7657 1915
7658 01:21:14,640 ~-~-> 01:21:17,880
7659 will give you a huge head start in terms
7660
7661 1916
7662 01:21:17,910 ~-~-> 01:21:21,360
7663 of satisfying the many times insatiable
7664
7665 1917
7666 01:21:21,360 ~-~-> 01:21:25,020
7667 desire to you be right. Okay, that that
7668
7669 1918
7670 01:21:25,020 ~-~-> 01:21:27,270
7671 hunger to be right is many times
7672
7673 1919
7674 01:21:27,930 ~-~-> 01:21:30,600
7675 alleviated. Okay, if you take a little
7676
7677 1920
7678 01:21:30,600 ~-~-> 01:21:33,810
7679 bit off and you show a positive gain out
7680
7681 1921
7682 01:21:33,810 ~-~-> 01:21:35,550
7683 of the trade, that way, even if it does
7684
7685 1922
7686 01:21:35,550 ~-~-> 01:21:37,080
7687 come back and stops you out, you had
7688
7689 1923
7690 01:21:37,080 ~-~-> 01:21:38,910
7691 something that you took out of the
7692
7693 1924
7694 01:21:38,910 ~-~-> 01:21:41,760
7695 marketplace, okay? You can't be right
7696
7697 1925
7698 01:21:41,760 ~-~-> 01:21:43,500
7699 all the time. And these tools will not
7700
7701 1926
7702 01:21:43,500 ~-~-> 01:21:46,620
7703 100% give you that level of accuracy,
7704
7705 1927
7706 01:21:46,740 ~-~-> 01:21:48,330
7707 but it will give you insane accuracy
7708
7709 1928
7710 01:21:48,330 ~-~-> 01:21:52,050
7711 that nothing else delivers. Going over
7712
7713 1929
7714 01:21:52,050 ~-~-> 01:21:53,730
7715 to the fiber. Okay, we're gonna look at
7716
7717 1930
7718 01:21:53,730 ~-~-> 01:21:56,250
7719 something as it relates to the same
7720
7721 1931
7722 01:21:56,250 ~-~-> 01:21:58,650
7723 phenomenon. Okay, much in the same vein,
7724
7725 1932
7726 01:21:58,650 ~-~-> 01:22:01,290
7727 we've seen bullish prices In $1, which
7728
7729 1933
7730 01:22:01,290 ~-~-> 01:22:03,000
7731 would be translated in lower prices in
7732
7733 1934
7734 01:22:03,000 ~-~-> 01:22:06,990
7735 the fiber. Okay, let's zoom in. And
7736
7737 1935
7738 01:22:06,990 ~-~-> 01:22:10,980
7739 we're gonna look at that same day. Okay,
7740
7741 1936
7742 01:22:10,980 ~-~-> 01:22:13,140
7743 here's Wednesday today, Tuesday, Monday,
7744
7745 1937
7746 01:22:13,140 ~-~-> 01:22:15,690
7747 Sunday Friday. Take a look what's going
7748
7749 1938
7750 01:22:15,690 ~-~-> 01:22:18,960
7751 on here. See how price is rallying on
7752
7753 1939
7754 01:22:18,960 ~-~-> 01:22:23,130
7755 that day? See that this shouldn't be
7756
7757 1940
7758 01:22:23,130 ~-~-> 01:22:26,340
7759 occurring. Think about it. If the dollar
7760
7761 1941
7762 01:22:26,370 ~-~-> 01:22:29,430
7763 is poised to rally What the heck is the
7764
7765 1942
7766 01:22:29,430 ~-~-> 01:22:33,240
7767 fiber doing rally? That is going to be a
7768
7769 1943
7770 01:22:33,240 ~-~-> 01:22:35,550
7771 short term sell scenario. Okay, now
7772
7773 1944
7774 01:22:35,550 ~-~-> 01:22:38,910
7775 contrast that was what we see here in
7776
7777 1945
7778 01:22:38,940 ~-~-> 01:22:41,670
7779 the cable. Let's go back over here add
7780
7781 1946
7782 01:22:41,790 ~-~-> 01:22:46,050
7783 candlesticks. Okay, here's Wednesday,
7784
7785 1947
7786 01:22:46,080 ~-~-> 01:22:47,850
7787 Tuesday, Monday, Sunday, Friday.
7788
7789 1948
7790 01:22:48,060 ~-~-> 01:22:51,900
7791 Friday's a down move on the fiber
7792
7793 1949
7794 01:22:52,500 ~-~-> 01:22:55,290
7795 Fridays and up move. That don't make any
7796
7797 1950
7798 01:22:55,290 ~-~-> 01:22:58,110
7799 sense, does it? Well, what you're
7800
7801 1951
7802 01:22:58,110 ~-~-> 01:23:00,000
7803 looking at is this is actually a short
7804
7805 1952
7806 01:23:00,000 ~-~-> 01:23:03,210
7807 term trade, okay, versus a day trade.
7808
7809 1953
7810 01:23:04,620 ~-~-> 01:23:07,680
7811 You have a move it's moving counter to
7812
7813 1954
7814 01:23:07,680 ~-~-> 01:23:09,300
7815 directional premise that's established
7816
7817 1955
7818 01:23:09,300 ~-~-> 01:23:11,130
7819 by the dollar. Okay? In other words,
7820
7821 1956
7822 01:23:11,370 ~-~-> 01:23:15,000
7823 fires rallying. In a risk off scenario.
7824
7825 1957
7826 01:23:15,120 ~-~-> 01:23:16,350
7827 Number words they're setting up a
7828
7829 1958
7830 01:23:16,350 ~-~-> 01:23:18,090
7831 scenario that's going to be a little bit
7832
7833 1959
7834 01:23:18,090 ~-~-> 01:23:20,910
7835 more of a move going lower. Okay. And
7836
7837 1960
7838 01:23:20,910 ~-~-> 01:23:23,640
7839 also, this is actually the weaker of the
7840
7841 1961
7842 01:23:23,640 ~-~-> 01:23:25,230
7843 two pairs between the fiber and cable.
7844
7845 1962
7846 01:23:25,560 ~-~-> 01:23:28,620
7847 If you look at what's going on, cable,
7848
7849 1963
7850 01:23:29,100 ~-~-> 01:23:32,220
7851 let me zoom in a little bit here. Cable
7852
7853 1964
7854 01:23:32,220 ~-~-> 01:23:33,840
7855 was making this higher high back here
7856
7857 1965
7858 01:23:33,870 ~-~-> 01:23:37,680
7859 while the same time in June July last
7860
7861 1966
7862 01:23:37,680 ~-~-> 01:23:40,170
7863 the last day of June going into the
7864
7865 1967
7866 01:23:40,170 ~-~-> 01:23:42,510
7867 first week or two of July, we made
7868
7869 1968
7870 01:23:42,510 ~-~-> 01:23:45,390
7871 higher highs in cable. We did not see
7872
7873 1969
7874 01:23:45,390 ~-~-> 01:23:50,280
7875 that in the fiber. Okay, we were seeing
7876
7877 1970
7878 01:23:50,280 ~-~-> 01:23:52,050
7879 lower prices. In fact, it's been really
7880
7881 1971
7882 01:23:52,050 ~-~-> 01:23:54,570
7883 soft compared to the cable so the weaker
7884
7885 1972
7886 01:23:54,570 ~-~-> 01:23:57,240
7887 sister between the two and in
7888
7889 1973
7890 01:23:57,240 ~-~-> 01:23:59,760
7891 relationship to the chi the cable and
7892
7893 1974
7894 01:23:59,760 ~-~-> 01:24:02,310
7895 you're Yesterday more fiber. Fiber was
7896
7897 1975
7898 01:24:02,340 ~-~-> 01:24:04,320
7899 obviously the weaker of the two. But we
7900
7901 1976
7902 01:24:04,320 ~-~-> 01:24:06,930
7903 have this momentary break in that
7904
7905 1977
7906 01:24:06,930 ~-~-> 01:24:08,250
7907 correlation. In other words, there's a
7908
7909 1978
7910 01:24:08,250 ~-~-> 01:24:10,830
7911 rally underway. What's going on here is
7912
7913 1979
7914 01:24:10,830 ~-~-> 01:24:12,780
7915 it's calling back to take out stops.
7916
7917 1980
7918 01:24:12,990 ~-~-> 01:24:14,730
7919 Okay, one of the things I talked about
7920
7921 1981
7922 01:24:14,760 ~-~-> 01:24:17,880
7923 many times is the best moves occur rate
7924
7925 1982
7926 01:24:17,940 ~-~-> 01:24:21,150
7927 after a pre determined level of stops
7928
7929 1983
7930 01:24:21,180 ~-~-> 01:24:23,580
7931 gets taken out. And that looks like
7932
7933 1984
7934 01:24:23,580 ~-~-> 01:24:28,320
7935 this. Okay, you see these highs here,
7936
7937 1985
7938 01:24:28,350 ~-~-> 01:24:32,190
7939 almost equal. If you look at what we
7940
7941 1986
7942 01:24:32,190 ~-~-> 01:24:36,000
7943 have, and I'll show you this is it's
7944
7945 1987
7946 01:24:36,000 ~-~-> 01:24:37,860
7947 really uncanny how this happens almost
7948
7949 1988
7950 01:24:37,890 ~-~-> 01:24:40,740
7951 all the time. Equal low on equal highs,
7952
7953 1989
7954 01:24:40,740 ~-~-> 01:24:43,470
7955 rather. Okay, so this price point, if
7956
7957 1990
7958 01:24:43,470 ~-~-> 01:24:46,380
7959 you add 10 pips to that, that's about
7960
7961 1991
7962 01:24:46,380 ~-~-> 01:24:47,910
7963 where all the stop losses are going to
7964
7965 1992
7966 01:24:47,910 ~-~-> 01:24:50,640
7967 be for everyone that's short. Fiber
7968
7969 1993
7970 01:24:50,640 ~-~-> 01:24:53,340
7971 comes up, goes just above that level,
7972
7973 1994
7974 01:24:53,340 ~-~-> 01:24:54,480
7975 and I'm going to extend this lines. You
7976
7977 1995
7978 01:24:54,480 ~-~-> 01:24:54,990
7979 can see it
7980
7981 1996
7982 01:25:00,000 ~-~-> 01:25:01,770
7983 Sorry my OCD is flaring I got to make
7984
7985 1997
7986 01:25:01,770 ~-~-> 01:25:04,380
7987 sure this level is lined up otherwise
7988
7989 1998
7990 01:25:04,380 ~-~-> 01:25:07,050
7991 it'll drive me crazy price rallies up
7992
7993 1999
7994 01:25:07,050 ~-~-> 01:25:09,150
7995 through it takes out this this level of
7996
7997 2000
7998 01:25:09,270 ~-~-> 01:25:11,610
7999 stops. Now I'm going to zoom in on this
8000
8001 2001
8002 01:25:11,610 ~-~-> 01:25:15,810
8003 particular day here on the first of
8004
8005 2002
8006 01:25:15,810 ~-~-> 01:25:18,990
8007 August and we're going to go down to a
8008
8009 2003
8010 01:25:20,040 ~-~-> 01:25:25,800
8011 15 minute timeframe. Okay, and here's
8012
8013 2004
8014 01:25:25,800 ~-~-> 01:25:28,530
8015 that rally up above a clean level. This
8016
8017 2005
8018 01:25:28,530 ~-~-> 01:25:30,990
8019 is what we call clean to clean. Stocks
8020
8021 2006
8022 01:25:30,990 ~-~-> 01:25:32,070
8023 are gonna be resting just above that.
8024
8025 2007
8026 01:25:32,070 ~-~-> 01:25:33,540
8027 Now watch. I've already told you what
8028
8029 2008
8030 01:25:33,540 ~-~-> 01:25:36,300
8031 you're looking for. You're looking for a
8032
8033 2009
8034 01:25:36,300 ~-~-> 01:25:37,920
8035 range of 10 pips so you want to put a
8036
8037 2010
8038 01:25:37,920 ~-~-> 01:25:40,290
8039 rectangle right on that level of the
8040
8041 2011
8042 01:25:40,290 ~-~-> 01:25:42,450
8043 highs. Okay, and we're going to look for
8044
8045 2012
8046 01:25:42,450 ~-~-> 01:25:46,620
8047 a range of 10 to epital nine See, it's
8048
8049 2013
8050 01:25:46,620 ~-~-> 01:25:50,580
8051 10 it says five here 10 drop it right
8052
8053 2014
8054 01:25:50,580 ~-~-> 01:25:53,130
8055 there. That's as far as we'd like to see
8056
8057 2015
8058 01:25:53,130 ~-~-> 01:25:55,050
8059 price rally up through and reject if it
8060
8061 2016
8062 01:25:55,050 ~-~-> 01:25:57,090
8063 does that. What we've just witnessed was
8064
8065 2017
8066 01:25:57,120 ~-~-> 01:25:59,850
8067 a raid on stops is bad boys going lower.
8068
8069 2018
8070 01:26:00,000 ~-~-> 01:26:02,280
8071 Now notice also how I have the chart set
8072
8073 2019
8074 01:26:02,280 ~-~-> 01:26:04,470
8075 up. Doesn't this look like a bull flag?
8076
8077 2020
8078 01:26:05,280 ~-~-> 01:26:07,050
8079 Look at it. Doesn't this look like a
8080
8081 2021
8082 01:26:07,050 ~-~-> 01:26:09,720
8083 perfect little bull flag? So all the
8084
8085 2022
8086 01:26:09,720 ~-~-> 01:26:12,630
8087 classic chart patterns to teach us that
8088
8089 2023
8090 01:26:12,660 ~-~-> 01:26:14,940
8091 we should be buying this thing, okay?
8092
8093 2024
8094 01:26:15,000 ~-~-> 01:26:17,940
8095 And we're going to expect to see a move.
8096
8097 2025
8098 01:26:21,870 ~-~-> 01:26:23,580
8099 Okay, here's the flagpole. Here's the
8100
8101 2026
8102 01:26:23,580 ~-~-> 01:26:26,280
8103 high. It's going to rally up from this
8104
8105 2027
8106 01:26:26,280 ~-~-> 01:26:27,480
8107 level here. So we're going to expect to
8108
8109 2028
8110 01:26:27,480 ~-~-> 01:26:30,990
8111 see price, classically trade to about
8112
8113 2029
8114 01:26:30,990 ~-~-> 01:26:33,270
8115 the 134 80 level. That's what the
8116
8117 2030
8118 01:26:33,270 ~-~-> 01:26:37,860
8119 textbooks teach us. Well, that's not
8120
8121 2031
8122 01:26:37,860 ~-~-> 01:26:41,310
8123 what happens. Okay. And by having that
8124
8125 2032
8126 01:26:41,310 ~-~-> 01:26:43,440
8127 understood, okay, you got to understand
8128
8129 2033
8130 01:26:43,440 ~-~-> 01:26:45,240
8131 that there are times when textbook stuff
8132
8133 2034
8134 01:26:45,960 ~-~-> 01:26:48,150
8135 will work. But it's going to be when
8136
8137 2035
8138 01:26:48,150 ~-~-> 01:26:50,640
8139 it's in line with the underlying tone of
8140
8141 2036
8142 01:26:50,640 ~-~-> 01:26:52,410
8143 the marketplace when it's set up to
8144
8145 2037
8146 01:26:52,410 ~-~-> 01:26:57,240
8147 move. Okay. What I mean by that is that
8148
8149 2038
8150 01:26:57,270 ~-~-> 01:27:01,020
8151 unless it's risk off, risk on Based in
8152
8153 2039
8154 01:27:01,020 ~-~-> 01:27:04,080
8155 dollar driven, and you have
8156
8157 2040
8158 01:27:04,110 ~-~-> 01:27:06,180
8159 institutional sponsorship between your
8160
8161 2041
8162 01:27:06,180 ~-~-> 01:27:08,430
8163 entries and your exits, it's not going
8164
8165 2042
8166 01:27:08,430 ~-~-> 01:27:10,320
8167 to pan out it. The banks don't care
8168
8169 2043
8170 01:27:10,320 ~-~-> 01:27:11,970
8171 about your chart patterns. In fact,
8172
8173 2044
8174 01:27:12,000 ~-~-> 01:27:13,560
8175 market makers love chart patterns
8176
8177 2045
8178 01:27:13,560 ~-~-> 01:27:16,740
8179 because it gives them reasons to see see
8180
8181 2046
8182 01:27:16,740 ~-~-> 01:27:18,480
8183 more liquidity coming the marketplace.
8184
8185 2047
8186 01:27:18,720 ~-~-> 01:27:21,390
8187 Okay. And what does that mean? Well, if
8188
8189 2048
8190 01:27:21,390 ~-~-> 01:27:23,400
8191 you were a buyer down here is you're
8192
8193 2049
8194 01:27:23,400 ~-~-> 01:27:25,320
8195 looking at chart patterns you're buying
8196
8197 2050
8198 01:27:25,320 ~-~-> 01:27:27,000
8199 here. So we're going to have to protect
8200
8201 2051
8202 01:27:27,000 ~-~-> 01:27:31,200
8203 your your position, a sell stop. Right
8204
8205 2052
8206 01:27:31,620 ~-~-> 01:27:35,400
8207 here. So you're buying, there's going to
8208
8209 2053
8210 01:27:35,400 ~-~-> 01:27:38,730
8211 be stops on here. If you if a trader can
8212
8213 2054
8214 01:27:38,730 ~-~-> 01:27:41,640
8215 take you out, okay, and that position,
8216
8217 2055
8218 01:27:41,820 ~-~-> 01:27:45,030
8219 they assume that that difference in
8220
8221 2056
8222 01:27:45,030 ~-~-> 01:27:49,890
8223 terms of price. You as a developing
8224
8225 2057
8226 01:27:49,890 ~-~-> 01:27:53,190
8227 smart trader, you want to say, I don't
8228
8229 2058
8230 01:27:53,190 ~-~-> 01:27:55,590
8231 want to trade like this. In fact, I want
8232
8233 2059
8234 01:27:55,590 ~-~-> 01:27:58,470
8235 to see where the stops on the other side
8236
8237 2060
8238 01:27:58,470 ~-~-> 01:28:00,420
8239 of the marketplace are going to be And
8240
8241 2061
8242 01:28:00,420 ~-~-> 01:28:02,820
8243 what does that look like? Well, if the
8244
8245 2062
8246 01:28:02,820 ~-~-> 01:28:05,250
8247 market expects based on this bullish
8248
8249 2063
8250 01:28:05,250 ~-~-> 01:28:08,340
8251 pattern, if it should be rallying, okay,
8252
8253 2064
8254 01:28:08,850 ~-~-> 01:28:09,720
8255 they're going to be looking for
8256
8257 2065
8258 01:28:09,720 ~-~-> 01:28:12,780
8259 continuation higher breakout artists are
8260
8261 2066
8262 01:28:12,780 ~-~-> 01:28:14,340
8263 going to use these little areas like
8264
8265 2067
8266 01:28:14,340 ~-~-> 01:28:15,930
8267 here, okay? And they're going to have
8268
8269 2068
8270 01:28:16,620 ~-~-> 01:28:19,110
8271 stop orders to buy on stop, okay? Or
8272
8273 2069
8274 01:28:19,110 ~-~-> 01:28:20,310
8275 they're gonna be looking to wait for
8276
8277 2070
8278 01:28:20,310 ~-~-> 01:28:22,470
8279 price to break out like it does here,
8280
8281 2071
8282 01:28:22,560 ~-~-> 01:28:24,540
8283 and then there'll be a buyer. Well, you
8284
8285 2072
8286 01:28:24,540 ~-~-> 01:28:27,270
8287 as a trader, you view that as the
8288
8289 2073
8290 01:28:27,270 ~-~-> 01:28:29,190
8291 liquidity necessary for you to take the
8292
8293 2074
8294 01:28:29,190 ~-~-> 01:28:31,260
8295 other side of the trade. So as price
8296
8297 2075
8298 01:28:31,260 ~-~-> 01:28:32,970
8299 breaks above this high here and gives
8300
8301 2076
8302 01:28:32,970 ~-~-> 01:28:34,950
8303 you a turtle soup pattern, or false
8304
8305 2077
8306 01:28:34,950 ~-~-> 01:28:37,050
8307 breakout, that's where you want to sell.
8308
8309 2078
8310 01:28:37,080 ~-~-> 01:28:38,910
8311 You do not want to view that as buying
8312
8313 2079
8314 01:28:38,910 ~-~-> 01:28:41,010
8315 strength. Users view that as a suspect
8316
8317 2080
8318 01:28:41,010 ~-~-> 01:28:44,880
8319 rally, sell it. Boom. It falls out of
8320
8321 2081
8322 01:28:44,880 ~-~-> 01:28:49,260
8323 bed. Okay. Now, the time of day for
8324
8325 2082
8326 01:28:49,260 ~-~-> 01:28:54,420
8327 this. Let's look at that. And this is on
8328
8329 2083
8330 01:28:55,290 ~-~-> 01:29:00,840
8331 August 5. This is yesterday. Still The
8332
8333 2084
8334 01:29:03,060 ~-~-> 01:29:11,340
8335 kill zones and zoom in. So August 5
8336
8337 2085
8338 01:29:13,140 ~-~-> 01:29:16,350
8339 right in here so we have to beginning of
8340
8341 2086
8342 01:29:16,350 ~-~-> 01:29:17,040
8343 London
8344
8345 2087
8346 01:29:23,100 ~-~-> 01:29:26,910
8347 right here and it just your kills is a
8348
8349 2088
8350 01:29:26,910 ~-~-> 01:29:29,400
8351 little just a little late here, which is
8352
8353 2089
8354 01:29:29,400 ~-~-> 01:29:33,210
8355 reason why we like to use the buffer. I
8356
8357 2090
8358 01:29:33,210 ~-~-> 01:29:34,710
8359 know that sounds like I'm always trying
8360
8361 2091
8362 01:29:34,710 ~-~-> 01:29:37,320
8363 to you know, form fit these these
8364
8365 2092
8366 01:29:37,350 ~-~-> 01:29:41,970
8367 results but 60 empty, okay is one in the
8368
8369 2093
8370 01:29:41,970 ~-~-> 01:29:45,660
8371 moves can occur as early as one or 60
8372
8373 2094
8374 01:29:45,660 ~-~-> 01:29:48,900
8375 empty. Having that mind again and these
8376
8377 2095
8378 01:29:48,900 ~-~-> 01:29:51,540
8379 are all in your notes. Okay, that's the
8380
8381 2096
8382 01:29:51,540 ~-~-> 01:29:53,760
8383 high right there at 60 empty or one in
8384
8385 2097
8386 01:29:53,790 ~-~-> 01:29:57,420
8387 New York time. The false breakout trade
8388
8389 2098
8390 01:29:57,420 ~-~-> 01:29:59,430
8391 lower which is the reason why I tell you
8392
8393 2099
8394 01:29:59,430 ~-~-> 01:30:03,150
8395 guys always I'm usually up between 1215
8396
8397 2100
8398 01:30:03,180 ~-~-> 01:30:05,310
8399 and 1am. My time and I'm looking for
8400
8401 2101
8402 01:30:05,310 ~-~-> 01:30:08,580
8403 London setups based on what I see, you
8404
8405 2102
8406 01:30:08,580 ~-~-> 01:30:11,370
8407 know, on the charts around that time. If
8408
8409 2103
8410 01:30:11,370 ~-~-> 01:30:14,220
8411 you looked at what we discussed in
8412
8413 2104
8414 01:30:14,220 ~-~-> 01:30:16,110
8415 relationship to midnight, here's five
8416
8417 2105
8418 01:30:16,110 ~-~-> 01:30:18,870
8419 GMT, this little move here, that's all
8420
8421 2106
8422 01:30:18,870 ~-~-> 01:30:20,910
8423 it's necessary. Okay, so I get question
8424
8425 2107
8426 01:30:20,910 ~-~-> 01:30:22,230
8427 all the time. Okay, well how much of a
8428
8429 2108
8430 01:30:22,230 ~-~-> 01:30:24,510
8431 Judas swing do you need? Well, it
8432
8433 2109
8434 01:30:24,510 ~-~-> 01:30:26,220
8435 depends on what you have on your chart.
8436
8437 2110
8438 01:30:26,670 ~-~-> 01:30:29,400
8439 And I'm not trying to blow off your your
8440
8441 2111
8442 01:30:29,400 ~-~-> 01:30:31,470
8443 question it really is that just that
8444
8445 2112
8446 01:30:31,470 ~-~-> 01:30:33,150
8447 simple. There's a lot of other framework
8448
8449 2113
8450 01:30:33,150 ~-~-> 01:30:34,530
8451 you have to take into consideration like
8452
8453 2114
8454 01:30:34,530 ~-~-> 01:30:36,540
8455 we have over here, this look too good
8456
8457 2115
8458 01:30:36,540 ~-~-> 01:30:39,180
8459 like a bull flag. And a lot of
8460
8461 2116
8462 01:30:39,180 ~-~-> 01:30:40,560
8463 participants are going to be looking to
8464
8465 2117
8466 01:30:40,620 ~-~-> 01:30:42,600
8467 you know, try to be expecting this thing
8468
8469 2118
8470 01:30:42,600 ~-~-> 01:30:45,150
8471 go higher. Also, you got these guys that
8472
8473 2119
8474 01:30:45,150 ~-~-> 01:30:48,180
8475 broke out on on the downside. price went
8476
8477 2120
8478 01:30:48,240 ~-~-> 01:30:50,670
8479 lower, okay, their own their own cell
8480
8481 2121
8482 01:30:50,670 ~-~-> 01:30:51,930
8483 size and now how they're gonna protect
8484
8485 2122
8486 01:30:51,930 ~-~-> 01:30:53,910
8487 their position. Okay, they're going to
8488
8489 2123
8490 01:30:53,910 ~-~-> 01:30:55,980
8491 be putting a stop loss more is the stock
8492
8493 2124
8494 01:30:55,980 ~-~-> 01:30:57,240
8495 going to be right above the previous
8496
8497 2125
8498 01:30:57,240 ~-~-> 01:31:01,410
8499 little high right in here? Well, When
8500
8501 2126
8502 01:31:01,410 ~-~-> 01:31:02,970
8503 you look at price like this, you're
8504
8505 2127
8506 01:31:02,970 ~-~-> 01:31:05,280
8507 thinking exactly how the market makers
8508
8509 2128
8510 01:31:05,280 ~-~-> 01:31:07,620
8511 think you're not looking at a retail
8512
8513 2129
8514 01:31:07,950 ~-~-> 01:31:09,450
8515 perspective, you're looking at how the
8516
8517 2130
8518 01:31:09,450 ~-~-> 01:31:12,960
8519 market is traded in the eyes of a of a
8520
8521 2131
8522 01:31:12,960 ~-~-> 01:31:15,840
8523 dealer or a market maker. Your stocks
8524
8525 2132
8526 01:31:15,840 ~-~-> 01:31:17,010
8527 gonna be right above here, if you're a
8528
8529 2133
8530 01:31:17,010 ~-~-> 01:31:19,710
8531 seller. They come right back and take
8532
8533 2134
8534 01:31:19,710 ~-~-> 01:31:23,190
8535 these guys out. Okay? So they neutralize
8536
8537 2135
8538 01:31:23,220 ~-~-> 01:31:25,020
8539 any hopes of the bulls that use these
8540
8541 2136
8542 01:31:25,020 ~-~-> 01:31:27,900
8543 bull flag patterns. They neutralize the
8544
8545 2137
8546 01:31:28,020 ~-~-> 01:31:29,880
8547 participants that have been net short,
8548
8549 2138
8550 01:31:29,880 ~-~-> 01:31:32,640
8551 that would be profiting over here. But
8552
8553 2139
8554 01:31:32,640 ~-~-> 01:31:33,870
8555 they don't want those individuals being
8556
8557 2140
8558 01:31:33,870 ~-~-> 01:31:36,600
8559 profitable. They take the stops out over
8560
8561 2141
8562 01:31:36,600 ~-~-> 01:31:37,980
8563 here, because there's tablets gonna be
8564
8565 2142
8566 01:31:37,980 ~-~-> 01:31:40,770
8567 above here. Boom, right above it right
8568
8569 2143
8570 01:31:40,770 ~-~-> 01:31:43,080
8571 above the Asian range high. This whole
8572
8573 2144
8574 01:31:43,080 ~-~-> 01:31:45,210
8575 little box here is Asian range. So if
8576
8577 2145
8578 01:31:45,210 ~-~-> 01:31:48,000
8579 you understand that, you'll know that
8580
8581 2146
8582 01:31:51,000 ~-~-> 01:31:53,490
8583 did me make sure I'm telling you it's
8584
8585 2147
8586 01:31:53,520 ~-~-> 01:31:55,170
8587 true. I don't want you to, I don't want
8588
8589 2148
8590 01:31:55,170 ~-~-> 01:31:56,460
8591 you to think as Asian range and it may
8592
8593 2149
8594 01:31:56,460 ~-~-> 01:32:00,750
8595 be C. Central my dealing range Yeah,
8596
8597 2150
8598 01:32:00,750 ~-~-> 01:32:02,820
8599 it's Asian range, okay CR GMT. This is
8600
8601 2151
8602 01:32:02,820 ~-~-> 01:32:05,430
8603 Asian range, price talks about the Asian
8604
8605 2152
8606 01:32:05,430 ~-~-> 01:32:08,220
8607 range high and an old intraday high and
8608
8609 2153
8610 01:32:08,310 ~-~-> 01:32:11,640
8611 rejects quickly trades lower. So that's
8612
8613 2154
8614 01:32:11,670 ~-~-> 01:32:13,680
8615 uh, you know, that's the pattern. It's
8616
8617 2155
8618 01:32:13,800 ~-~-> 01:32:15,450
8619 there. It's you have your turtle soup
8620
8621 2156
8622 01:32:15,450 ~-~-> 01:32:16,320
8623 and you also have your
8624
8625 2157
8626 01:32:22,859 ~-~-> 01:32:26,219
8627 ot right here right to the PIP. Okay? So
8628
8629 2158
8630 01:32:27,719 ~-~-> 01:32:30,779
8631 that's a, that's what it looks like
8632
8633 2159
8634 01:32:31,199 ~-~-> 01:32:35,279
8635 going over both pairs and using the same
8636
8637 2160
8638 01:32:35,279 ~-~-> 01:32:39,449
8639 context that we use for let's get this
8640
8641 2161
8642 01:32:39,449 ~-~-> 01:32:40,199
8643 stuff off.
8644
8645 2162
8646 01:32:54,390 ~-~-> 01:32:59,040
8647 We have price trading. Here, we went
8648
8649 2163
8650 01:32:59,220 ~-~-> 01:33:01,920
8651 short here. So what do we use, we use
8652
8653 2164
8654 01:33:02,040 ~-~-> 01:33:08,010
8655 the swings. Okay, we have a couple
8656
8657 2165
8658 01:33:08,010 ~-~-> 01:33:09,150
8659 different reference points we can use,
8660
8661 2166
8662 01:33:09,150 ~-~-> 01:33:10,710
8663 we can use the smaller one here up to
8664
8665 2167
8666 01:33:10,710 ~-~-> 01:33:14,580
8667 the high. Okay, so you could be looking
8668
8669 2168
8670 01:33:14,580 ~-~-> 01:33:15,690
8671 to take profit down here on the 200
8672
8673 2169
8674 01:33:15,690 ~-~-> 01:33:17,550
8675 extension, but there's nothing down here
8676
8677 2170
8678 01:33:17,550 ~-~-> 01:33:19,320
8679 lining out that. So if we're looking for
8680
8681 2171
8682 01:33:19,320 ~-~-> 01:33:21,630
8683 lower prices, you would be expecting
8684
8685 2172
8686 01:33:21,630 ~-~-> 01:33:23,760
8687 this load to be taken out, because
8688
8689 2173
8690 01:33:23,760 ~-~-> 01:33:25,410
8691 stocks will be residing on there as
8692
8693 2174
8694 01:33:25,410 ~-~-> 01:33:27,840
8695 well. So dealers will be more interested
8696
8697 2175
8698 01:33:27,840 ~-~-> 01:33:29,070
8699 in trying to get price to go underneath
8700
8701 2176
8702 01:33:29,070 ~-~-> 01:33:31,590
8703 that low. And should it go that point,
8704
8705 2177
8706 01:33:31,890 ~-~-> 01:33:33,330
8707 we'll be looking to take profits at
8708
8709 2178
8710 01:33:33,960 ~-~-> 01:33:37,320
8711 127 162 or 200. Extension. You can see
8712
8713 2179
8714 01:33:37,320 ~-~-> 01:33:39,240
8715 price comes down to 127. Look at a nice
8716
8717 2180
8718 01:33:39,240 ~-~-> 01:33:41,250
8719 bounce that happens right there. And
8720
8721 2181
8722 01:33:41,310 ~-~-> 01:33:42,810
8723 later on gives you the buy scenario
8724
8725 2182
8726 01:33:42,810 ~-~-> 01:33:43,860
8727 here, which we're not going to teach
8728
8729 2183
8730 01:33:43,860 ~-~-> 01:33:46,410
8731 that here but it does violate this a
8732
8733 2184
8734 01:33:46,410 ~-~-> 01:33:49,470
8735 little bit within rallies up. If you
8736
8737 2185
8738 01:33:49,470 ~-~-> 01:33:51,300
8739 don't use this low here. You can use
8740
8741 2186
8742 01:33:51,300 ~-~-> 01:33:56,010
8743 this low here and write this in your
8744
8745 2187
8746 01:33:56,010 ~-~-> 01:33:58,050
8747 notes. There's no wrong way to take
8748
8749 2188
8750 01:33:58,050 ~-~-> 01:34:01,860
8751 profits. I'll say it again. There's no
8752
8753 2189
8754 01:34:02,040 ~-~-> 01:34:06,060
8755 incorrect way of taking profits. If you
8756
8757 2190
8758 01:34:06,060 ~-~-> 01:34:08,310
8759 make a profit, you are better than you
8760
8761 2191
8762 01:34:08,310 ~-~-> 01:34:11,040
8763 were before you took the trade. Period.
8764
8765 2192
8766 01:34:11,550 ~-~-> 01:34:13,050
8767 That's all you need to know. That's
8768
8769 2193
8770 01:34:13,050 ~-~-> 01:34:14,880
8771 That's it. That's, that's, that's all
8772
8773 2194
8774 01:34:14,880 ~-~-> 01:34:19,200
8775 there is. Okay. So now, if you use the
8776
8777 2195
8778 01:34:19,200 ~-~-> 01:34:26,250
8779 primary move here, okay, you can use the
8780
8781 2196
8782 01:34:26,250 ~-~-> 01:34:28,350
8783 200 extension here, nails to the PIP.
8784
8785 2197
8786 01:34:29,430 ~-~-> 01:34:32,400
8787 One 162, extension and 127. They're all
8788
8789 2198
8790 01:34:32,400 ~-~-> 01:34:35,100
8791 respectable levels. Okay, using the
8792
8793 2199
8794 01:34:35,100 ~-~-> 01:34:37,650
8795 entry point, that's a, that's what I
8796
8797 2200
8798 01:34:37,650 ~-~-> 01:34:39,540
8799 like to use that if you're looking at
8800
8801 2201
8802 01:34:39,540 ~-~-> 01:34:41,790
8803 just pure market structure swings and
8804
8805 2202
8806 01:34:41,790 ~-~-> 01:34:44,340
8807 nothing else, you can use these classic
8808
8809 2203
8810 01:34:44,340 ~-~-> 01:34:47,250
8811 reference points. This low to high, you
8812
8813 2204
8814 01:34:47,250 ~-~-> 01:34:51,480
8815 get to 127 and 162. Okay, so I'm adding
8816
8817 2205
8818 01:34:51,480 ~-~-> 01:34:53,010
8819 both of them. I know some of you guys
8820
8821 2206
8822 01:34:53,010 ~-~-> 01:34:54,030
8823 are looking at this. Oh, that's not how
8824
8825 2207
8826 01:34:54,030 ~-~-> 01:34:55,920
8827 you know, you're right. That's not how
8828
8829 2208
8830 01:34:55,920 ~-~-> 01:34:58,260
8831 they do it. This is how I do it. This is
8832
8833 2209
8834 01:34:58,260 ~-~-> 01:34:59,700
8835 how everyone else does it. They use a
8836
8837 2210
8838 01:34:59,730 ~-~-> 01:35:01,590
8839 lot. to high in any final levels, that's
8840
8841 2211
8842 01:35:01,590 ~-~-> 01:35:04,050
8843 fine. Okay, but there's gonna be a lot
8844
8845 2212
8846 01:35:04,050 ~-~-> 01:35:06,060
8847 of other targets that dude classical
8848
8849 2213
8850 01:35:06,060 ~-~-> 01:35:08,010
8851 application of fibs will never line up
8852
8853 2214
8854 01:35:08,010 ~-~-> 01:35:09,120
8855 with but you'll see me doing it in
8856
8857 2215
8858 01:35:09,120 ~-~-> 01:35:12,630
8859 videos and mine will be surgical in
8860
8861 2216
8862 01:35:12,630 ~-~-> 01:35:14,430
8863 precision and the other ones sometimes
8864
8865 2217
8866 01:35:14,430 ~-~-> 01:35:16,770
8867 don't get met. And you have this low to
8868
8869 2218
8870 01:35:16,770 ~-~-> 01:35:19,320
8871 high as well. And you have to 127 Okay,
8872
8873 2219
8874 01:35:19,320 ~-~-> 01:35:22,230
8875 so you look for a confluence of a lot of
8876
8877 2220
8878 01:35:22,290 ~-~-> 01:35:25,620
8879 levels lining up and old support
8880
8881 2221
8882 01:35:25,620 ~-~-> 01:35:27,240
8883 resistance levels then you'll you'll see
8884
8885 2222
8886 01:35:27,240 ~-~-> 01:35:31,050
8887 a lot more reasons to recover at those
8888
8889 2223
8890 01:35:31,050 ~-~-> 01:35:32,700
8891 levels not to simply Hey, you know, I
8892
8893 2224
8894 01:35:32,700 ~-~-> 01:35:34,440
8895 made 20 pips let me get out. If you do
8896
8897 2225
8898 01:35:34,440 ~-~-> 01:35:36,090
8899 that and you're learning trader, you're
8900
8901 2226
8902 01:35:36,090 ~-~-> 01:35:37,470
8903 going to leave a lot of money on the
8904
8905 2227
8906 01:35:37,470 ~-~-> 01:35:39,120
8907 table, and there's really no reason for
8908
8909 2228
8910 01:35:39,120 ~-~-> 01:35:40,920
8911 that. One of the late greatest lessons I
8912
8913 2229
8914 01:35:40,920 ~-~-> 01:35:43,650
8915 learned from Larry Williams was the best
8916
8917 2230
8918 01:35:43,650 ~-~-> 01:35:46,710
8919 way to make money is hold to close. And
8920
8921 2231
8922 01:35:46,710 ~-~-> 01:35:49,890
8923 I did that as s&p trader and a bond
8924
8925 2232
8926 01:35:49,890 ~-~-> 01:35:51,060
8927 trader once day trading the futures
8928
8929 2233
8930 01:35:51,060 ~-~-> 01:35:53,250
8931 market. And it's absolutely true. I
8932
8933 2234
8934 01:35:53,250 ~-~-> 01:35:54,630
8935 mean, you leave a lot of money on the
8936
8937 2235
8938 01:35:54,630 ~-~-> 01:35:55,980
8939 table if you're just scalping and taking
8940
8941 2236
8942 01:35:55,980 ~-~-> 01:35:57,240
8943 couple pips and saying, okay, I want to
8944
8945 2237
8946 01:35:57,240 ~-~-> 01:36:04,530
8947 make my living on So, let's scroll
8948
8949 2238
8950 01:36:04,530 ~-~-> 01:36:05,790
8951 forward a little bit here. This is where
8952
8953 2239
8954 01:36:05,790 ~-~-> 01:36:08,970
8955 we're at intraday today. It's kind of
8956
8957 2240
8958 01:36:08,970 ~-~-> 01:36:10,470
8959 ugly if you look at really what's going
8960
8961 2241
8962 01:36:10,470 ~-~-> 01:36:16,860
8963 on yesterday as well. The the idea of
8964
8965 2242
8966 01:36:16,860 ~-~-> 01:36:21,390
8967 incorporating directional premise when
8968
8969 2243
8970 01:36:21,390 ~-~-> 01:36:23,790
8971 we have an area like this, okay, I'm
8972
8973 2244
8974 01:36:23,790 ~-~-> 01:36:28,230
8975 going to pull up another US dollar and
8976
8977 2245
8978 01:36:28,230 ~-~-> 01:36:33,450
8979 we're going to do the averages on a
8980
8981 2246
8982 01:36:33,450 ~-~-> 01:36:41,610
8983 daily chart. Okay, so we have a cross,
8984
8985 2247
8986 01:36:41,940 ~-~-> 01:36:44,820
8987 the 18 and 40. And he starts stalking
8988
8989 2248
8990 01:36:44,850 ~-~-> 01:36:46,260
8991 right here. This is a really good time.
8992
8993 2249
8994 01:36:46,260 ~-~-> 01:36:51,090
8995 So this actually occurs on July 21. So
8996
8997 2250
8998 01:36:51,090 ~-~-> 01:36:53,220
8999 we are in a really clear,
9000
9001 2251
9002 01:36:53,640 ~-~-> 01:36:56,130
9003 institutionally sponsored bull move on
9004
9005 2252
9006 01:36:56,130 ~-~-> 01:36:59,340
9007 the dollar. So that is going to be a
9008
9009 2253
9010 01:36:59,340 ~-~-> 01:37:01,830
9011 precursor To looking for cell scenarios
9012
9013 2254
9014 01:37:01,860 ~-~-> 01:37:03,900
9015 in firing cable, so remember this date,
9016
9017 2255
9018 01:37:04,860 ~-~-> 01:37:10,170
9019 July 21 2014. Now we go over to cable
9020
9021 2256
9022 01:37:11,280 ~-~-> 01:37:14,640
9023 and scope here like this one. And we're
9024
9025 2257
9026 01:37:14,640 ~-~-> 01:37:19,560
9027 going to apply same thing. Well, that's
9028
9029 2258
9030 01:37:19,560 ~-~-> 01:37:20,400
9031 not what I wanted to do.
9032
9033 2259
9034 01:37:25,620 ~-~-> 01:37:30,750
9035 Okay, so we have assuming we have a
9036
9037 2260
9038 01:37:30,750 ~-~-> 01:37:37,410
9039 delay in the crossover here until What
9040
9041 2261
9042 01:37:37,410 ~-~-> 01:37:40,050
9043 day is this? The 21st so we're looking
9044
9045 2262
9046 01:37:40,050 ~-~-> 01:37:44,850
9047 at 10 days later. Before we see the the
9048
9049 2263
9050 01:37:45,270 ~-~-> 01:37:47,400
9051 same thing occurring in cable in terms
9052
9053 2264
9054 01:37:47,400 ~-~-> 01:37:49,620
9055 of using using the moving averages. Now
9056
9057 2265
9058 01:37:49,650 ~-~-> 01:37:52,200
9059 that's for looking for swing trades,
9060
9061 2266
9062 01:37:52,350 ~-~-> 01:37:55,200
9063 okay. 18 and 40 is used for swing trades
9064
9065 2267
9066 01:37:55,200 ~-~-> 01:37:57,330
9067 or short term trades, the way we look
9068
9069 2268
9070 01:37:57,330 ~-~-> 01:38:00,810
9071 for day trades for for looking for Short
9072
9073 2269
9074 01:38:00,810 ~-~-> 01:38:03,780
9075 term, directional premise driven biased,
9076
9077 2270
9078 01:38:04,410 ~-~-> 01:38:05,430
9079 intraday trades.
9080
9081 2271
9082 01:38:06,810 ~-~-> 01:38:09,990
9083 We use 918. Okay 918 on a daily chart
9084
9085 2272
9086 01:38:10,020 ~-~-> 01:38:12,510
9087 gives us the buy model and sell model.
9088
9089 2273
9090 01:38:12,840 ~-~-> 01:38:13,920
9091 When it crossed, everything starts
9092
9093 2274
9094 01:38:13,920 ~-~-> 01:38:16,260
9095 stacking, you're in a buy mode, look for
9096
9097 2275
9098 01:38:16,470 ~-~-> 01:38:18,780
9099 open down moves in London by the London
9100
9101 2276
9102 01:38:18,780 ~-~-> 01:38:21,510
9103 open, wait for a higher close in London
9104
9105 2277
9106 01:38:21,510 ~-~-> 01:38:24,330
9107 close timeframe and that's how it works.
9108
9109 2278
9110 01:38:24,390 ~-~-> 01:38:25,920
9111 Okay if you're in New York trader you
9112
9113 2279
9114 01:38:25,920 ~-~-> 01:38:28,830
9115 look for that environment to occur wake
9116
9117 2280
9118 01:38:28,830 ~-~-> 01:38:32,400
9119 up in New York opening and get your
9120
9121 2281
9122 01:38:32,400 ~-~-> 01:38:33,690
9123 coffee get your doughnuts or wherever
9124
9125 2282
9126 01:38:33,690 ~-~-> 01:38:36,090
9127 you gonna be new stuff in your face not
9128
9129 2283
9130 01:38:36,390 ~-~-> 01:38:38,640
9131 advocate eating donuts but whatever you
9132
9133 2284
9134 01:38:38,640 ~-~-> 01:38:40,650
9135 do to yourself prepare for trading. What
9136
9137 2285
9138 01:38:40,650 ~-~-> 01:38:41,640
9139 you want to look for if you're in New
9140
9141 2286
9142 01:38:41,640 ~-~-> 01:38:43,440
9143 York trader is if you're in this
9144
9145 2287
9146 01:38:43,440 ~-~-> 01:38:46,470
9147 environment like this, London should
9148
9149 2288
9150 01:38:46,470 ~-~-> 01:38:47,820
9151 have made the low of the day and then
9152
9153 2289
9154 01:38:47,820 ~-~-> 01:38:48,840
9155 what'll happen is you'll see a minor
9156
9157 2290
9158 01:38:48,840 ~-~-> 01:38:51,180
9159 little retracement in New York open and
9160
9161 2291
9162 01:38:51,180 ~-~-> 01:38:53,790
9163 then it'll continue on and trading into
9164
9165 2292
9166 01:38:53,790 ~-~-> 01:38:56,730
9167 a higher close for when the clothes the
9168
9169 2293
9170 01:38:56,730 ~-~-> 01:38:59,340
9171 reverse is said for the moose. Once you
9172
9173 2294
9174 01:38:59,340 ~-~-> 01:39:01,410
9175 have the average score Lower here. Now
9176
9177 2295
9178 01:39:01,980 ~-~-> 01:39:03,900
9179 we have the averages crossing here and
9180
9181 2296
9182 01:39:03,900 ~-~-> 01:39:06,960
9183 this day is July 23. Now we're very
9184
9185 2297
9186 01:39:06,960 ~-~-> 01:39:11,610
9187 close now to seeing that 21st in July
9188
9189 2298
9190 01:39:11,760 ~-~-> 01:39:14,250
9191 when we saw the bullish move underway in
9192
9193 2299
9194 01:39:14,250 ~-~-> 01:39:16,560
9195 $1 See that? Okay right in here I'm just
9196
9197 2300
9198 01:39:16,560 ~-~-> 01:39:18,120
9199 using this little retracement here as a
9200
9201 2301
9202 01:39:18,120 ~-~-> 01:39:19,680
9203 reference point because I don't want to
9204
9205 2302
9206 01:39:19,680 ~-~-> 01:39:21,090
9207 chase price I'm gonna see some sort of a
9208
9209 2303
9210 01:39:21,090 ~-~-> 01:39:25,350
9211 retracement that happening in here Okay,
9212
9213 2304
9214 01:39:25,350 ~-~-> 01:39:30,630
9215 we see price on the 23rd in here. So we
9216
9217 2305
9218 01:39:30,630 ~-~-> 01:39:32,010
9219 have a little bit of a retracement here
9220
9221 2306
9222 01:39:32,010 ~-~-> 01:39:35,100
9223 and then crossing so when this day here
9224
9225 2307
9226 01:39:35,100 ~-~-> 01:39:38,160
9227 begins to sell program for looking for
9228
9229 2308
9230 01:39:38,190 ~-~-> 01:39:40,560
9231 down moves in the British Pound USD or
9232
9233 2309
9234 01:39:40,560 ~-~-> 01:39:44,010
9235 cable. Now that in mind, okay, we're
9236
9237 2310
9238 01:39:44,010 ~-~-> 01:39:46,290
9239 looking at candlesticks, candlesticks
9240
9241 2311
9242 01:39:46,290 ~-~-> 01:39:48,360
9243 are great, easy on the eye. But what I
9244
9245 2312
9246 01:39:48,360 ~-~-> 01:39:51,060
9247 really want you to pay attention to is
9248
9249 2313
9250 01:39:51,090 ~-~-> 01:39:53,550
9251 using the bar chart. So on this
9252
9253 2314
9254 01:39:53,550 ~-~-> 01:39:55,620
9255 timeframe now I want you to count the
9256
9257 2315
9258 01:39:55,620 ~-~-> 01:39:58,410
9259 level of or not not level but number of
9260
9261 2316
9262 01:39:58,410 ~-~-> 01:39:59,970
9263 days where we have open a rally in the
9264
9265 2317
9266 01:40:00,000 ~-~-> 01:40:02,280
9267 decline with a lower close. Okay, we
9268
9269 2318
9270 01:40:02,280 ~-~-> 01:40:04,830
9271 have it here. This is a Sunday unchanged
9272
9273 2319
9274 01:40:04,830 ~-~-> 01:40:06,180
9275 could have been losing day. We'll call
9276
9277 2320
9278 01:40:06,180 ~-~-> 01:40:08,970
9279 it a losing day. Open, rally, down,
9280
9281 2321
9282 01:40:08,970 ~-~-> 01:40:10,860
9283 close, open, rally down, close, open,
9284
9285 2322
9286 01:40:10,860 ~-~-> 01:40:12,270
9287 rally down close, open, rally down
9288
9289 2323
9290 01:40:12,270 ~-~-> 01:40:14,820
9291 close. Do you see what you've just done?
9292
9293 2324
9294 01:40:15,240 ~-~-> 01:40:17,850
9295 You've put yourself in the driver's seat
9296
9297 2325
9298 01:40:18,570 ~-~-> 01:40:21,150
9299 of a move that is completely out of your
9300
9301 2326
9302 01:40:21,150 ~-~-> 01:40:23,880
9303 hands, no control whatsoever. You can't
9304
9305 2327
9306 01:40:23,880 ~-~-> 01:40:25,830
9307 control price. But guess what you're
9308
9309 2328
9310 01:40:25,830 ~-~-> 01:40:29,400
9311 doing. You're riding right behind this
9312
9313 2329
9314 01:40:29,400 ~-~-> 01:40:32,010
9315 massive entity that we like to deem
9316
9317 2330
9318 01:40:32,670 ~-~-> 01:40:34,980
9319 smart money. No one else out there
9320
9321 2331
9322 01:40:34,980 ~-~-> 01:40:38,370
9323 really gets to the core of how to ride
9324
9325 2332
9326 01:40:38,370 ~-~-> 01:40:39,600
9327 their coattails. Well, you hear him?
9328
9329 2333
9330 01:40:39,720 ~-~-> 01:40:41,190
9331 They say, well, we were trying to ride.
9332
9333 2334
9334 01:40:41,280 ~-~-> 01:40:42,660
9335 We're trying to ride the coattails of
9336
9337 2335
9338 01:40:42,660 ~-~-> 01:40:44,760
9339 the smart money. Well, ICT tells you
9340
9341 2336
9342 01:40:44,760 ~-~-> 01:40:46,830
9343 exactly how to do that. It doesn't
9344
9345 2337
9346 01:40:46,860 ~-~-> 01:40:49,260
9347 provide you at every single day trade
9348
9349 2338
9350 01:40:49,260 ~-~-> 01:40:50,820
9351 opportunity. If you're focusing on one
9352
9353 2339
9354 01:40:50,820 ~-~-> 01:40:53,580
9355 pair. If you have a collaboration of
9356
9357 2340
9358 01:40:53,880 ~-~-> 01:40:56,820
9359 pairs, then yeah, you'll probably get a
9360
9361 2341
9362 01:40:56,820 ~-~-> 01:40:59,010
9363 trade every single day. Will you make 20
9364
9365 2342
9366 01:40:59,010 ~-~-> 01:41:00,570
9367 pips every single day probably Why not?
9368
9369 2343
9370 01:41:00,870 ~-~-> 01:41:03,840
9371 Can you make 20 pips average every day?
9372
9373 2344
9374 01:41:04,020 ~-~-> 01:41:06,780
9375 If you do trading like this, you break
9376
9377 2345
9378 01:41:06,780 ~-~-> 01:41:08,220
9379 it down yeah sure because you'll be
9380
9381 2346
9382 01:41:08,220 ~-~-> 01:41:11,370
9383 making 90 pips one day 40 pips another
9384
9385 2347
9386 01:41:11,580 ~-~-> 01:41:13,740
9387 250 pips another day and the average out
9388
9389 2348
9390 01:41:13,740 ~-~-> 01:41:15,690
9391 over 20 trading days you probably are
9392
9393 2349
9394 01:41:15,690 ~-~-> 01:41:17,520
9395 making 20 pips every single day and I do
9396
9397 2350
9398 01:41:17,520 ~-~-> 01:41:19,080
9399 that with my tongue in cheek, but that's
9400
9401 2351
9402 01:41:19,080 ~-~-> 01:41:20,400
9403 what I'm trying to say Don't think like
9404
9405 2352
9406 01:41:20,400 ~-~-> 01:41:22,800
9407 that don't have daily goals, okay, have
9408
9409 2353
9410 01:41:22,800 ~-~-> 01:41:25,380
9411 weekly goals. My weekly goal is anywhere
9412
9413 2354
9414 01:41:25,380 ~-~-> 01:41:28,170
9415 between 30 and 50 pips it used to be 75
9416
9417 2355
9418 01:41:28,170 ~-~-> 01:41:30,330
9419 pips a day, I'm sorry a week when we had
9420
9421 2356
9422 01:41:30,330 ~-~-> 01:41:32,460
9423 bigger, larger ranges, but guess what? I
9424
9425 2357
9426 01:41:32,460 ~-~-> 01:41:35,640
9427 adapted to the market and I've reduced
9428
9429 2358
9430 01:41:35,640 ~-~-> 01:41:38,070
9431 it and I got comfortable now with 30 and
9432
9433 2359
9434 01:41:38,070 ~-~-> 01:41:41,490
9435 50 pips, I can make more money than most
9436
9437 2360
9438 01:41:41,550 ~-~-> 01:41:44,940
9439 average Americans in the upper echelon,
9440
9441 2361
9442 01:41:44,970 ~-~-> 01:41:47,820
9443 okay, as you know, middle class, I can
9444
9445 2362
9446 01:41:47,820 ~-~-> 01:41:49,920
9447 do what they earn a year inside of a
9448
9449 2363
9450 01:41:49,920 ~-~-> 01:41:52,800
9451 month, and not even do more than 50 pips
9452
9453 2364
9454 01:41:53,220 ~-~-> 01:41:56,940
9455 a week. Not a day, a week. So I'm
9456
9457 2365
9458 01:41:56,940 ~-~-> 01:41:58,440
9459 comfortable having a whole lot of free
9460
9461 2366
9462 01:41:58,440 ~-~-> 01:42:01,800
9463 time doing one trade a week, I don't
9464
9465 2367
9466 01:42:01,800 ~-~-> 01:42:03,420
9467 need the money anymore. When you're
9468
9469 2368
9470 01:42:03,420 ~-~-> 01:42:04,680
9471 developing and you're and you're trying
9472
9473 2369
9474 01:42:04,680 ~-~-> 01:42:05,940
9475 to get to the point where you're, you're
9476
9477 2370
9478 01:42:06,000 ~-~-> 01:42:08,520
9479 living on your trading or when you don't
9480
9481 2371
9482 01:42:08,550 ~-~-> 01:42:09,720
9483 really need to trade anymore, which is
9484
9485 2372
9486 01:42:09,720 ~-~-> 01:42:12,750
9487 really where I'm at now. trading is fun
9488
9489 2373
9490 01:42:12,750 ~-~-> 01:42:14,880
9491 for me. But I like to obviously make
9492
9493 2374
9494 01:42:14,880 ~-~-> 01:42:16,950
9495 money too. But it's it's an interesting
9496
9497 2375
9498 01:42:16,980 ~-~-> 01:42:20,280
9499 way of living. And you all are pursuing
9500
9501 2376
9502 01:42:20,280 ~-~-> 01:42:22,560
9503 that, that lifestyle, the understand
9504
9505 2377
9506 01:42:22,860 ~-~-> 01:42:25,890
9507 that you are not going to have to do
9508
9509 2378
9510 01:42:25,890 ~-~-> 01:42:28,560
9511 that type of trading to do well. And
9512
9513 2379
9514 01:42:28,560 ~-~-> 01:42:30,390
9515 it's very important to understand that
9516
9517 2380
9518 01:42:30,390 ~-~-> 01:42:32,010
9519 because if you understand that, it
9520
9521 2381
9522 01:42:32,010 ~-~-> 01:42:34,410
9523 removes a whole lot of unnecessary
9524
9525 2382
9526 01:42:34,410 ~-~-> 01:42:36,000
9527 stress and pressure and I got to get it
9528
9529 2383
9530 01:42:36,000 ~-~-> 01:42:38,430
9531 done right now because I'm 49 years old,
9532
9533 2384
9534 01:42:38,430 ~-~-> 01:42:40,620
9535 and I gotta get my stuff paid off. If
9536
9537 2385
9538 01:42:40,620 ~-~-> 01:42:41,820
9539 you think like that, it's gonna be a
9540
9541 2386
9542 01:42:41,820 ~-~-> 01:42:45,210
9543 problem. So don't Okay. So now
9544
9545 2387
9546 01:42:46,620 ~-~-> 01:42:48,540
9547 we like to see that phenomenon take
9548
9549 2388
9550 01:42:48,540 ~-~-> 01:42:51,060
9551 place. So we know when July 21 we had a
9552
9553 2389
9554 01:42:51,060 ~-~-> 01:42:54,900
9555 sell program authorized by a rally up in
9556
9557 2390
9558 01:42:54,900 ~-~-> 01:42:56,580
9559 the dollar, similar words the averages
9560
9561 2391
9562 01:42:56,790 ~-~-> 01:42:58,380
9563 on the dollar on the daily chart, we're
9564
9565 2392
9566 01:42:58,380 ~-~-> 01:43:00,690
9567 opening and pointing up Which was seen
9568
9569 2393
9570 01:43:00,690 ~-~-> 01:43:02,760
9571 reverse here two days later on the
9572
9573 2394
9574 01:43:02,760 ~-~-> 01:43:05,310
9575 cable. So from here over to present,
9576
9577 2395
9578 01:43:05,370 ~-~-> 01:43:07,680
9579 this is what we have mapped out. So we
9580
9581 2396
9582 01:43:07,680 ~-~-> 01:43:09,360
9583 when we go down to a lower timeframe,
9584
9585 2397
9586 01:43:09,720 ~-~-> 01:43:11,970
9587 we're looking specifically for only
9588
9589 2398
9590 01:43:11,970 ~-~-> 01:43:14,160
9591 looking to sell not looking to buy.
9592
9593 2399
9594 01:43:14,280 ~-~-> 01:43:15,780
9595 Okay, can you make money buying? Sure
9596
9597 2400
9598 01:43:15,780 ~-~-> 01:43:17,940
9599 you can. I don't like that idea and I
9600
9601 2401
9602 01:43:17,940 ~-~-> 01:43:18,990
9603 think people that trade against
9604
9605 2402
9606 01:43:18,990 ~-~-> 01:43:20,580
9607 institution sponsors are absolutely
9608
9609 2403
9610 01:43:20,580 ~-~-> 01:43:23,520
9611 nuts. Okay. Sorry I just that's just the
9612
9613 2404
9614 01:43:23,520 ~-~-> 01:43:25,410
9615 way I feel. And the majority of the
9616
9617 2405
9618 01:43:25,410 ~-~-> 01:43:27,150
9619 money is being made when you're having
9620
9621 2406
9622 01:43:27,150 ~-~-> 01:43:29,340
9623 institutional flows behind you. Not
9624
9625 2407
9626 01:43:29,460 ~-~-> 01:43:31,050
9627 trading against it. Okay, I'm not gonna
9628
9629 2408
9630 01:43:31,050 ~-~-> 01:43:32,880
9631 arm wrestle ups. I'm just not going to
9632
9633 2409
9634 01:43:32,880 ~-~-> 01:43:34,890
9635 do it. So looking at where we're at here
9636
9637 2410
9638 01:43:35,730 ~-~-> 01:43:38,430
9639 is the down move self programming in the
9640
9641 2411
9642 01:43:38,430 ~-~-> 01:43:40,800
9643 charts. We go down one more level to
9644
9645 2412
9646 01:43:40,830 ~-~-> 01:43:45,480
9647 four hour Okay, and we move over to
9648
9649 2413
9650 01:43:46,470 ~-~-> 01:43:51,360
9651 present Okay, and when we have the
9652
9653 2414
9654 01:43:51,360 ~-~-> 01:43:53,940
9655 averages broken down on that as well,
9656
9657 2415
9658 01:43:54,450 ~-~-> 01:43:56,850
9659 because this is our intraday timeframe
9660
9661 2416
9662 01:43:56,880 ~-~-> 01:43:59,280
9663 for our okay for ours our intraday
9664
9665 2417
9666 01:43:59,280 ~-~-> 01:44:00,900
9667 timeframe. So when averages are going
9668
9669 2418
9670 01:44:00,900 ~-~-> 01:44:03,840
9671 lower, we have a green light, go look
9672
9673 2419
9674 01:44:03,840 ~-~-> 01:44:07,620
9675 for openings and Judas swings higher in
9676
9677 2420
9678 01:44:07,620 ~-~-> 01:44:11,640
9679 London sell into that. Also, if London
9680
9681 2421
9682 01:44:11,640 ~-~-> 01:44:12,900
9683 makes that high, we're going to talk
9684
9685 2422
9686 01:44:12,900 ~-~-> 01:44:14,280
9687 about New York in a second. But we're
9688
9689 2423
9690 01:44:14,280 ~-~-> 01:44:15,660
9691 going to look for the New York session,
9692
9693 2424
9694 01:44:15,720 ~-~-> 01:44:17,490
9695 Judas swing and how we incorporate that.
9696
9697 2425
9698 01:44:17,760 ~-~-> 01:44:20,880
9699 But right in here, okay, we have a very
9700
9701 2426
9702 01:44:20,880 ~-~-> 01:44:23,760
9703 nice indication of we're in sync with
9704
9705 2427
9706 01:44:23,760 ~-~-> 01:44:26,160
9707 the marketplace. And who's a marketplace
9708
9709 2428
9710 01:44:26,190 ~-~-> 01:44:28,200
9711 smart money. So now what we'll do is
9712
9713 2429
9714 01:44:28,200 ~-~-> 01:44:33,630
9715 we'll add our vertical lines delineating
9716
9717 2430
9718 01:44:35,700 ~-~-> 01:44:37,080
9719 the period separation and we're going to
9720
9721 2431
9722 01:44:37,080 ~-~-> 01:44:43,050
9723 go down to a 15 minute time frame. And
9724
9725 2432
9726 01:44:43,050 ~-~-> 01:44:46,260
9727 we're going to zoom out a little bit
9728
9729 2433
9730 01:44:46,260 ~-~-> 01:44:50,670
9731 more. Okay, from this point here to
9732
9733 2434
9734 01:44:50,670 ~-~-> 01:44:52,530
9735 present, okay, I want you to look at the
9736
9737 2435
9738 01:44:52,530 ~-~-> 01:44:54,060
9739 chart, and I want you to do this on your
9740
9741 2436
9742 01:44:54,060 ~-~-> 01:44:55,590
9743 own tracks. I'm not going to do every
9744
9745 2437
9746 01:44:55,590 ~-~-> 01:44:59,880
9747 single one. But once you get down to sub
9748
9749 2438
9750 01:45:00,330 ~-~-> 01:45:02,100
9751 For our you don't need a moving averages
9752
9753 2439
9754 01:45:02,100 ~-~-> 01:45:03,330
9755 anymore so you take the moving averages
9756
9757 2440
9758 01:45:03,330 ~-~-> 01:45:04,800
9759 off your charts because you don't want
9760
9761 2441
9762 01:45:04,800 ~-~-> 01:45:06,510
9763 to be paying any attention to it under
9764
9765 2442
9766 01:45:06,510 ~-~-> 01:45:08,070
9767 four hours. They don't mean anything to
9768
9769 2443
9770 01:45:08,070 ~-~-> 01:45:10,860
9771 you. If you're a scalper you can use the
9772
9773 2444
9774 01:45:11,040 ~-~-> 01:45:14,040
9775 one hour timeframe and trade when it's
9776
9777 2445
9778 01:45:14,070 ~-~-> 01:45:15,750
9779 in sync with that as well but I do not
9780
9781 2446
9782 01:45:15,750 ~-~-> 01:45:17,070
9783 want scalping and I should have probably
9784
9785 2447
9786 01:45:17,070 ~-~-> 01:45:18,870
9787 never told you that but if you are
9788
9789 2448
9790 01:45:18,870 ~-~-> 01:45:20,430
9791 looking for scalping then that's how you
9792
9793 2449
9794 01:45:20,430 ~-~-> 01:45:22,740
9795 use it with a one hour but anything less
9796
9797 2450
9798 01:45:22,740 ~-~-> 01:45:24,030
9799 than four hour I'm not interested in
9800
9801 2451
9802 01:45:24,030 ~-~-> 01:45:25,650
9803 with moving averages, okay because I've
9804
9805 2452
9806 01:45:25,650 ~-~-> 01:45:26,880
9807 already arrived at a higher timeframe
9808
9809 2453
9810 01:45:26,880 ~-~-> 01:45:28,290
9811 institutional sponsors that based on
9812
9813 2454
9814 01:45:28,590 ~-~-> 01:45:33,330
9815 daily and four hour now, looking at what
9816
9817 2455
9818 01:45:33,330 ~-~-> 01:45:35,490
9819 we have here, okay, what you're looking
9820
9821 2456
9822 01:45:35,490 ~-~-> 01:45:38,190
9823 at is every single vertical line
9824
9825 2457
9826 01:45:38,220 ~-~-> 01:45:40,560
9827 represents a new trading day at zero GMT
9828
9829 2458
9830 01:45:41,670 ~-~-> 01:45:44,610
9831 shortly after, okay, when we add the
9832
9833 2459
9834 01:45:44,610 ~-~-> 01:45:49,380
9835 period separator and again, I'll share
9836
9837 2460
9838 01:45:49,380 ~-~-> 01:45:51,390
9839 this with you guys. I'm going to put
9840
9841 2461
9842 01:45:51,420 ~-~-> 01:45:55,680
9843 five GMT which is midnight my time Okay,
9844
9845 2462
9846 01:45:55,680 ~-~-> 01:45:57,090
9847 which is going to be represented by this
9848
9849 2463
9850 01:45:57,360 ~-~-> 01:45:58,860
9851 white line, which now I'm going to
9852
9853 2464
9854 01:45:58,860 ~-~-> 01:46:00,840
9855 change because I don't like that doesn't
9856
9857 2465
9858 01:46:00,870 ~-~-> 01:46:02,580
9859 pop off the charts so you guys can see
9860
9861 2466
9862 01:46:02,580 ~-~-> 01:46:08,580
9863 it clearly. Let's go to colors and
9864
9865 2467
9866 01:46:08,580 ~-~-> 01:46:11,310
9867 that's not working right here. See what
9868
9869 2468
9870 01:46:11,310 ~-~-> 01:46:17,580
9871 I want? See if I can go to jump with the
9872
9873 2469
9874 01:46:18,150 ~-~-> 01:46:23,670
9875 Red Mountain No, it's not doing well.
9876
9877 2470
9878 01:46:23,730 ~-~-> 01:46:25,710
9879 I'm not sure how to do it I'm probably
9880
9881 2471
9882 01:46:25,950 ~-~-> 01:46:27,480
9883 figured out after the video and look
9884
9885 2472
9886 01:46:27,480 ~-~-> 01:46:29,100
9887 foolish but oh well it is what it is
9888
9889 2473
9890 01:46:29,130 ~-~-> 01:46:30,270
9891 you'll just have to make deal with it.
9892
9893 2474
9894 01:46:30,630 ~-~-> 01:46:33,390
9895 The white line in here is midnight
9896
9897 2475
9898 01:46:33,390 ~-~-> 01:46:36,420
9899 timeframe. Okay in New York. So what
9900
9901 2476
9902 01:46:36,420 ~-~-> 01:46:40,470
9903 you're looking for is a rally after the
9904
9905 2477
9906 01:46:40,470 ~-~-> 01:46:42,120
9907 white line, okay, or in other words, a
9908
9909 2478
9910 01:46:42,120 ~-~-> 01:46:44,730
9911 rally to the right of that white line
9912
9913 2479
9914 01:46:44,850 ~-~-> 01:46:47,070
9915 each day the rally that occurs after
9916
9917 2480
9918 01:46:47,070 ~-~-> 01:46:52,290
9919 that white line and up to the ending of
9920
9921 2481
9922 01:46:52,320 ~-~-> 01:46:55,200
9923 New York ICT kills in I'm sorry, London
9924
9925 2482
9926 01:46:55,230 ~-~-> 01:46:58,380
9927 open kill zone for ICT timeframe between
9928
9929 2483
9930 01:46:59,010 ~-~-> 01:47:00,630
9931 two o'clock in the morning. You time at
9932
9933 2484
9934 01:47:00,630 ~-~-> 01:47:01,950
9935 four o'clock in the morning New York
9936
9937 2485
9938 01:47:01,950 ~-~-> 01:47:06,360
9939 time, okay? or seven GMT, nine GMT. Okay
9940
9941 2486
9942 01:47:06,360 ~-~-> 01:47:07,980
9943 and again understand that it can go as
9944
9945 2487
9946 01:47:07,980 ~-~-> 01:47:11,910
9947 late as 10 GMT, or as early as six GMT
9948
9949 2488
9950 01:47:11,940 ~-~-> 01:47:13,230
9951 or one o'clock in the morning to is
9952
9953 2489
9954 01:47:13,230 ~-~-> 01:47:14,850
9955 latest 5am New York time.
9956
9957 2490
9958 01:47:16,740 ~-~-> 01:47:19,020
9959 So it'll go through this video a couple
9960
9961 2491
9962 01:47:19,020 ~-~-> 01:47:20,670
9963 different times because I know I'm
9964
9965 2492
9966 01:47:20,670 ~-~-> 01:47:21,900
9967 probably confusing you going back and
9968
9969 2493
9970 01:47:21,900 ~-~-> 01:47:23,190
9971 forth between the two but understand
9972
9973 2494
9974 01:47:23,190 ~-~-> 01:47:25,380
9975 it's simply a window of opportunity when
9976
9977 2495
9978 01:47:25,380 ~-~-> 01:47:27,510
9979 the higher low is formed for the day. We
9980
9981 2496
9982 01:47:27,510 ~-~-> 01:47:29,970
9983 understand that inside this orange box,
9984
9985 2497
9986 01:47:30,000 ~-~-> 01:47:32,610
9987 the point of the box is it's keeping
9988
9989 2498
9990 01:47:32,610 ~-~-> 01:47:34,530
9991 your perspective and only looking to be
9992
9993 2499
9994 01:47:34,530 ~-~-> 01:47:37,470
9995 a seller. You see the power in that you
9996
9997 2500
9998 01:47:37,470 ~-~-> 01:47:39,840
9999 do not want to be buying. There's no
10000
10001 2501
10002 01:47:39,840 ~-~-> 01:47:41,850
10003 reason to be a buyer. Why would you want
10004
10005 2502
10006 01:47:41,850 ~-~-> 01:47:45,180
10007 to do that? You're buying okay in an
10008
10009 2503
10010 01:47:45,210 ~-~-> 01:47:47,460
10011 environment where the the large
10012
10013 2504
10014 01:47:47,550 ~-~-> 01:47:50,160
10015 institutional sponsorship, okay is
10016
10017 2505
10018 01:47:50,160 ~-~-> 01:47:53,550
10019 saying, I am not wanting to be long I
10020
10021 2506
10022 01:47:53,550 ~-~-> 01:47:56,610
10023 want to sell. So who has more money?
10024
10025 2507
10026 01:47:57,900 ~-~-> 01:48:00,330
10027 Credit Suisse or Michael Hello And
10028
10029 2508
10030 01:48:01,620 ~-~-> 01:48:03,810
10031 clearly, I'm not trying to go against
10032
10033 2509
10034 01:48:03,810 ~-~-> 01:48:06,210
10035 these guys, okay? And when you're on the
10036
10037 2510
10038 01:48:06,210 ~-~-> 01:48:09,150
10039 same side as them, trading works out,
10040
10041 2511
10042 01:48:09,420 ~-~-> 01:48:11,430
10043 it's just explained other than that it
10044
10045 2512
10046 01:48:11,430 ~-~-> 01:48:14,580
10047 just works out. So looking at every
10048
10049 2513
10050 01:48:14,580 ~-~-> 01:48:16,560
10051 single day, okay, what you're going to
10052
10053 2514
10054 01:48:16,560 ~-~-> 01:48:18,450
10055 look for is there's going to be a
10056
10057 2515
10058 01:48:19,170 ~-~-> 01:48:22,170
10059 retracement or a swing higher. It could
10060
10061 2516
10062 01:48:22,170 ~-~-> 01:48:24,060
10063 be an initial swing up for that make the
10064
10065 2517
10066 01:48:24,060 ~-~-> 01:48:25,560
10067 high today or it could be inside of the
10068
10069 2518
10070 01:48:25,560 ~-~-> 01:48:26,910
10071 range that was already established from
10072
10073 2519
10074 01:48:26,910 ~-~-> 01:48:29,250
10075 the opening at zero GMT, which is zero
10076
10077 2520
10078 01:48:29,250 ~-~-> 01:48:31,260
10079 GMT openings are the darker vertical
10080
10081 2521
10082 01:48:31,260 ~-~-> 01:48:33,510
10083 dashed lines. The white lines are New
10084
10085 2522
10086 01:48:33,510 ~-~-> 01:48:36,150
10087 York midnight timeframe. Okay. So now
10088
10089 2523
10090 01:48:36,150 ~-~-> 01:48:38,100
10091 let's zoom in and go to the beginning.
10092
10093 2524
10094 01:48:38,490 ~-~-> 01:48:40,650
10095 And it said, the candlesticks because
10096
10097 2525
10098 01:48:40,650 ~-~-> 01:48:44,280
10099 it's a little bit easier to see. So
10100
10101 2526
10102 01:48:44,280 ~-~-> 01:48:45,810
10103 here's your vertical line here, New
10104
10105 2527
10106 01:48:45,810 ~-~-> 01:48:48,210
10107 York, midnight. Okay, we don't care
10108
10109 2528
10110 01:48:48,240 ~-~-> 01:48:49,920
10111 about the move lower. We don't chase
10112
10113 2529
10114 01:48:49,920 ~-~-> 01:48:51,960
10115 that. We do not care about that. We want
10116
10117 2530
10118 01:48:51,960 ~-~-> 01:48:54,960
10119 to see the rallies up. Okay. When this
10120
10121 2531
10122 01:48:54,960 ~-~-> 01:48:57,690
10123 rallying up, we already have to have in
10124
10125 2532
10126 01:48:57,690 ~-~-> 01:49:00,000
10127 mind where the old highs are stopped
10128
10129 2533
10130 01:49:00,000 ~-~-> 01:49:05,490
10131 above it. Turtle suit So okay, new day
10132
10133 2534
10134 01:49:05,490 ~-~-> 01:49:07,200
10135 here. Now I'm not going to go through
10136
10137 2535
10138 01:49:07,200 ~-~-> 01:49:09,540
10139 all the details about how how far it
10140
10141 2536
10142 01:49:09,540 ~-~-> 01:49:10,920
10143 went what time it stopped and all that
10144
10145 2537
10146 01:49:10,920 ~-~-> 01:49:12,600
10147 business you can do that on your own and
10148
10149 2538
10150 01:49:12,600 ~-~-> 01:49:13,860
10151 I'm encouraging you to that's the point
10152
10153 2539
10154 01:49:13,860 ~-~-> 01:49:16,170
10155 of me showing you this. Here again, we
10156
10157 2540
10158 01:49:16,170 ~-~-> 01:49:19,170
10159 had midnight timeframe. The opening
10160
10161 2541
10162 01:49:19,170 ~-~-> 01:49:21,360
10163 price here. Okay, we don't care about
10164
10165 2542
10166 01:49:21,360 ~-~-> 01:49:23,310
10167 the move lower. We want to be above the
10168
10169 2543
10170 01:49:23,310 ~-~-> 01:49:24,960
10171 opening price much in the same basket
10172
10173 2544
10174 01:49:24,960 ~-~-> 01:49:26,910
10175 here. We have the opening price here at
10176
10177 2545
10178 01:49:27,420 ~-~-> 01:49:28,920
10179 the vertical line, it's white in here.
10180
10181 2546
10182 01:49:29,400 ~-~-> 01:49:31,470
10183 We want to be selling above that price.
10184
10185 2547
10186 01:49:31,500 ~-~-> 01:49:33,660
10187 It has to be above that price, or we
10188
10189 2548
10190 01:49:33,660 ~-~-> 01:49:36,600
10191 ain't selling. That's the filter. Okay.
10192
10193 2549
10194 01:49:38,160 ~-~-> 01:49:39,510
10195 You're selling above the opening price
10196
10197 2550
10198 01:49:39,510 ~-~-> 01:49:42,450
10199 here. Here's the rally up. Boom, you
10200
10201 2551
10202 01:49:42,450 ~-~-> 01:49:47,490
10203 sell it. Okay. Here is the opening
10204
10205 2552
10206 01:49:47,490 ~-~-> 01:49:49,950
10207 price. Very modest little move above it
10208
10209 2553
10210 01:49:50,160 ~-~-> 01:49:52,470
10211 doesn't matter. It's all you need. Sell
10212
10213 2554
10214 01:49:52,470 ~-~-> 01:50:00,210
10215 it down move. You have optimal Trade
10216
10217 2555
10218 01:50:00,210 ~-~-> 01:50:01,860
10219 entry in here you could have traded this
10220
10221 2556
10222 01:50:01,860 ~-~-> 01:50:03,510
10223 one here and even taking profits too
10224
10225 2557
10226 01:50:03,570 ~-~-> 01:50:07,560
10227 low. It could have done 1520 pips, okay,
10228
10229 2558
10230 01:50:07,560 ~-~-> 01:50:09,510
10231 but then it reversed and traded higher,
10232
10233 2559
10234 01:50:09,840 ~-~-> 01:50:11,880
10235 came back and could have stopped you if
10236
10237 2560
10238 01:50:11,880 ~-~-> 01:50:15,330
10239 you had your stop loss lowered in here.
10240
10241 2561
10242 01:50:15,420 ~-~-> 01:50:16,620
10243 So this could have been a day where you
10244
10245 2562
10246 01:50:16,620 ~-~-> 01:50:17,940
10247 could have made mine and you could have
10248
10249 2563
10250 01:50:17,940 ~-~-> 01:50:19,470
10251 lost it or you could have just simply
10252
10253 2564
10254 01:50:19,470 ~-~-> 01:50:22,290
10255 did nothing. It is a Friday, I don't
10256
10257 2565
10258 01:50:22,290 ~-~-> 01:50:23,850
10259 want to trade Friday, so that kind of
10260
10261 2566
10262 01:50:23,850 ~-~-> 01:50:25,560
10263 falls into category in itself as well.
10264
10265 2567
10266 01:50:25,560 ~-~-> 01:50:27,510
10267 So I like to trade predominantly
10268
10269 2568
10270 01:50:27,540 ~-~-> 01:50:29,700
10271 Tuesday, Wednesdays and Thursdays. If I
10272
10273 2569
10274 01:50:29,700 ~-~-> 01:50:32,280
10275 made money on Tuesdays or Wednesdays I
10276
10277 2570
10278 01:50:32,280 ~-~-> 01:50:33,660
10279 don't do any trading rest of the week.
10280
10281 2571
10282 01:50:36,540 ~-~-> 01:50:40,020
10283 We have the scenario here. Here's
10284
10285 2572
10286 01:50:40,110 ~-~-> 01:50:43,050
10287 midnight and the price rallies up. We
10288
10289 2573
10290 01:50:43,050 ~-~-> 01:50:45,870
10291 have old highs back here clean highs so
10292
10293 2574
10294 01:50:45,870 ~-~-> 01:50:47,850
10295 above that would be what stops look for
10296
10297 2575
10298 01:50:47,850 ~-~-> 01:50:49,020
10299 a price to rally up to that and then
10300
10301 2576
10302 01:50:49,020 ~-~-> 01:50:52,140
10303 reject and you see that happening here.
10304
10305 2577
10306 01:50:52,170 ~-~-> 01:50:53,610
10307 It tooks a little bit longer into the
10308
10309 2578
10310 01:50:53,610 ~-~-> 01:50:55,140
10311 next day but we have an optimal trade
10312
10313 2579
10314 01:50:55,140 ~-~-> 01:50:57,000
10315 entry here trades back up to an a
10316
10317 2580
10318 01:50:57,000 ~-~-> 01:50:59,160
10319 bearish order block the last bullish
10320
10321 2581
10322 01:50:59,160 ~-~-> 01:51:01,470
10323 move up Look at that low, draw that out
10324
10325 2582
10326 01:51:01,470 ~-~-> 01:51:03,390
10327 in time, comes right back to that price
10328
10329 2583
10330 01:51:03,390 ~-~-> 01:51:05,490
10331 point. Also notice that it's also taking
10332
10333 2584
10334 01:51:05,640 ~-~-> 01:51:08,550
10335 an old high here. After midnight, see
10336
10337 2585
10338 01:51:08,550 ~-~-> 01:51:11,160
10339 the rally up, it's taken out stop. And
10340
10341 2586
10342 01:51:11,160 ~-~-> 01:51:13,200
10343 its ultimate ultimate, excuse me,
10344
10345 2587
10346 01:51:13,560 ~-~-> 01:51:15,120
10347 ultimately also fulfilling an optimal
10348
10349 2588
10350 01:51:15,120 ~-~-> 01:51:16,920
10351 trade entry. Pull your fear from this
10352
10353 2589
10354 01:51:16,920 ~-~-> 01:51:18,420
10355 high down to the low and a new A lot of
10356
10357 2590
10358 01:51:18,420 ~-~-> 01:51:19,740
10359 you guys are saying, Well, can you just
10360
10361 2591
10362 01:51:19,740 ~-~-> 01:51:21,060
10363 do it? Michael, can you just put the
10364
10365 2592
10366 01:51:21,060 ~-~-> 01:51:22,950
10367 fifth one here so I can just see it?
10368
10369 2593
10370 01:51:25,890 ~-~-> 01:51:27,930
10371 Right here, optimal trade entry boom.
10372
10373 2594
10374 01:51:28,110 ~-~-> 01:51:32,370
10375 Where's the candle here? That is 845 GMT
10376
10377 2595
10378 01:51:32,880 ~-~-> 01:51:35,220
10379 surprised as to London open kill zone.
10380
10381 2596
10382 01:51:35,940 ~-~-> 01:51:37,530
10383 And then as your move going lower
10384
10385 2597
10386 01:51:39,899 ~-~-> 01:51:40,949
10387 how many trades that we've seen so far?
10388
10389 2598
10390 01:51:40,949 ~-~-> 01:51:43,859
10391 Guys? You catch them enough pips? Just
10392
10393 2599
10394 01:51:43,859 ~-~-> 01:51:48,299
10395 this day alone? Is 10 2030 4050 pips
10396
10397 2600
10398 01:51:48,329 ~-~-> 01:51:50,369
10399 easily that one day. That's one that's
10400
10401 2601
10402 01:51:50,369 ~-~-> 01:51:52,019
10403 one week. That's it. I'm done. That's
10404
10405 2602
10406 01:51:52,019 ~-~-> 01:51:53,339
10407 it. It's the whole week for me. I'm not
10408
10409 2603
10410 01:51:53,339 ~-~-> 01:51:55,859
10411 worried about trading anymore. Okay. Now
10412
10413 2604
10414 01:51:55,859 ~-~-> 01:51:59,519
10415 here's a optimal trade entry inside of
10416
10417 2605
10418 01:51:59,519 ~-~-> 01:52:01,199
10419 the range. It's already happened here.
10420
10421 2606
10422 01:52:01,199 ~-~-> 01:52:03,959
10423 Now, why am I using it like this? Why am
10424
10425 2607
10426 01:52:03,959 ~-~-> 01:52:06,479
10427 I going to pull it from here to here to
10428
10429 2608
10430 01:52:06,479 ~-~-> 01:52:07,859
10431 get optimal trade entry in here? Well,
10432
10433 2609
10434 01:52:07,859 ~-~-> 01:52:10,379
10435 because we took an AP, we take out a
10436
10437 2610
10438 01:52:10,379 ~-~-> 01:52:13,289
10439 previous day's low. When you see that
10440
10441 2611
10442 01:52:13,319 ~-~-> 01:52:14,489
10443 the chances of it coming all the way
10444
10445 2612
10446 01:52:14,489 ~-~-> 01:52:17,219
10447 back up here is unlikely. It's unlikely,
10448
10449 2613
10450 01:52:17,219 ~-~-> 01:52:18,569
10451 especially when you're in a down move
10452
10453 2614
10454 01:52:18,569 ~-~-> 01:52:20,189
10455 when the when it's heavily weighted to
10456
10457 2615
10458 01:52:20,189 ~-~-> 01:52:23,429
10459 meet moving lower, longer term. On a
10460
10461 2616
10462 01:52:23,429 ~-~-> 01:52:24,779
10463 higher time frame basis, like a daily
10464
10465 2617
10466 01:52:24,779 ~-~-> 01:52:27,719
10467 chart, you're really expecting too much
10468
10469 2618
10470 01:52:27,719 ~-~-> 01:52:30,479
10471 of the market. Okay. And with that
10472
10473 2619
10474 01:52:30,479 ~-~-> 01:52:38,369
10475 understood, here's the midnight high in
10476
10477 2620
10478 01:52:38,369 ~-~-> 01:52:42,239
10479 New York. spent on the low, here it is,
10480
10481 2621
10482 01:52:42,749 ~-~-> 01:52:43,949
10483 and goes right up to the sweet spot
10484
10485 2622
10486 01:52:43,949 ~-~-> 01:52:45,959
10487 right to the PIP. And that's difficult
10488
10489 2623
10490 01:52:45,959 ~-~-> 01:52:47,459
10491 to see but do this on your own charts.
10492
10493 2624
10494 01:52:47,489 ~-~-> 01:52:49,289
10495 Okay, I'm just giving you the framework.
10496
10497 2625
10498 01:52:49,649 ~-~-> 01:52:52,019
10499 But we we had a low previous day went
10500
10501 2626
10502 01:52:52,019 ~-~-> 01:52:54,059
10503 down, blew through it thinking right
10504
10505 2627
10506 01:52:54,059 ~-~-> 01:52:55,679
10507 back up, trade it back inside this
10508
10509 2628
10510 01:52:55,679 ~-~-> 01:52:58,529
10511 consolidation, then down goes notice
10512
10513 2629
10514 01:52:58,529 ~-~-> 01:52:59,879
10515 that it also went up to this previous
10516
10517 2630
10518 01:52:59,879 ~-~-> 01:53:04,019
10519 one block is the down, no down, it's up
10520
10521 2631
10522 01:53:04,139 ~-~-> 01:53:06,839
10523 candle, the up candle prior to the down
10524
10525 2632
10526 01:53:06,839 ~-~-> 01:53:08,849
10527 move, if you use this little candle on
10528
10529 2633
10530 01:53:08,849 ~-~-> 01:53:10,559
10531 here as well, same thing goes right down
10532
10533 2634
10534 01:53:10,559 ~-~-> 01:53:14,309
10535 to that low and trades off. Okay, that's
10536
10537 2635
10538 01:53:14,309 ~-~-> 01:53:16,319
10539 how precise you can get. But again,
10540
10541 2636
10542 01:53:16,529 ~-~-> 01:53:17,549
10543 because you're doing what you're
10544
10545 2637
10546 01:53:17,549 ~-~-> 01:53:19,979
10547 focusing on being a bear, why? Because
10548
10549 2638
10550 01:53:19,979 ~-~-> 01:53:21,899
10551 institutional sponsorship suggests that
10552
10553 2639
10554 01:53:22,259 ~-~-> 01:53:24,569
10555 they're long the dollar, which means
10556
10557 2640
10558 01:53:24,569 ~-~-> 01:53:26,339
10559 it's gonna be downward pressure on the
10560
10561 2641
10562 01:53:26,339 ~-~-> 01:53:27,659
10563 cable, and we have institutional
10564
10565 2642
10566 01:53:27,659 ~-~-> 01:53:28,829
10567 sponsorship because averages are
10568
10569 2643
10570 01:53:29,339 ~-~-> 01:53:30,689
10571 pointing lower on cable and they're
10572
10573 2644
10574 01:53:30,689 ~-~-> 01:53:33,389
10575 opening up wide. So we don't want to
10576
10577 2645
10578 01:53:33,419 ~-~-> 01:53:35,519
10579 buck that trend. We want to stay with
10580
10581 2646
10582 01:53:35,519 ~-~-> 01:53:37,919
10583 that trend. We don't care about picking
10584
10585 2647
10586 01:53:37,919 ~-~-> 01:53:39,329
10587 the bottoms we don't care about that.
10588
10589 2648
10590 01:53:39,359 ~-~-> 01:53:41,159
10591 Nobody wants to nobody wants to pick the
10592
10593 2649
10594 01:53:41,159 ~-~-> 01:53:43,979
10595 bottom in ICT camp when we're in a bear
10596
10597 2650
10598 01:53:43,979 ~-~-> 01:53:45,839
10599 market. Okay, we don't care about that.
10600
10601 2651
10602 01:53:46,019 ~-~-> 01:53:47,459
10603 We're gonna make all kinds of money and
10604
10605 2652
10606 01:53:47,459 ~-~-> 01:53:49,349
10607 pips just going with institutional
10608
10609 2653
10610 01:53:49,349 ~-~-> 01:53:51,359
10611 sponsorship. Okay, just take all that
10612
10613 2654
10614 01:53:51,359 ~-~-> 01:53:54,389
10615 want to be right out of it. Okay. All
10616
10617 2655
10618 01:53:54,389 ~-~-> 01:53:56,039
10619 right. So we have another little rally
10620
10621 2656
10622 01:53:56,039 ~-~-> 01:53:58,109
10623 in here. Okay, after after midnight
10624
10625 2657
10626 01:53:58,109 ~-~-> 01:53:59,249
10627 timeframe. Now you're saying Oh, wait a
10628
10629 2658
10630 01:53:59,249 ~-~-> 01:54:00,929
10631 minute. It's not that's not Much, right?
10632
10633 2659
10634 01:54:01,649 ~-~-> 01:54:03,929
10635 It doesn't have to be much. Okay, look
10636
10637 2660
10638 01:54:03,959 ~-~-> 01:54:06,719
10639 over here. What do you see? See this big
10640
10641 2661
10642 01:54:06,719 ~-~-> 01:54:09,329
10643 move down. There's an institutional
10644
10645 2662
10646 01:54:09,599 ~-~-> 01:54:11,789
10647 order block right in here, the bullish
10648
10649 2663
10650 01:54:11,789 ~-~-> 01:54:13,439
10651 candle prior to the move lower, that's
10652
10653 2664
10654 01:54:13,439 ~-~-> 01:54:15,839
10655 where the the selling is going to be. So
10656
10657 2665
10658 01:54:15,839 ~-~-> 01:54:24,509
10659 if you add that level right here, price
10660
10661 2666
10662 01:54:24,539 ~-~-> 01:54:26,489
10663 trades back to that level, we expect to
10664
10665 2667
10666 01:54:26,489 ~-~-> 01:54:30,149
10667 see selling pressure. Add to that. Okay,
10668
10669 2668
10670 01:54:30,239 ~-~-> 01:54:31,769
10671 I'm going to darken this up in a
10672
10673 2669
10674 01:54:31,799 ~-~-> 01:54:37,739
10675 different color line. Okay, we'll make
10676
10677 2670
10678 01:54:37,739 ~-~-> 01:54:40,979
10679 it read. Okay, so there's your order
10680
10681 2671
10682 01:54:40,979 ~-~-> 01:54:44,309
10683 block it traded into. Now add to it
10684
10685 2672
10686 01:54:44,309 ~-~-> 01:54:52,679
10687 also, the fib. See the high here? This
10688
10689 2673
10690 01:54:52,679 ~-~-> 01:54:54,179
10691 downswing here, this is the parent price
10692
10693 2674
10694 01:54:54,179 ~-~-> 01:54:56,519
10695 swing and you're still low.
10696
10697 2675
10698 01:54:58,410 ~-~-> 01:54:59,100
10699 Right there.
10700
10701 2676
10702 01:55:00,479 ~-~-> 01:55:01,889
10703 price comes right up to the sweet spot
10704
10705 2677
10706 01:55:01,919 ~-~-> 01:55:04,139
10707 boom. When's it happen after midnight?
10708
10709 2678
10710 01:55:04,949 ~-~-> 01:55:08,519
10711 Right up near bang, okay. sells off.
10712
10713 2679
10714 01:55:09,449 ~-~-> 01:55:14,219
10715 Okay. early that day didn't give you the
10716
10717 2680
10718 01:55:14,219 ~-~-> 01:55:17,849
10719 classic 2am timeframe but on this day
10720
10721 2681
10722 01:55:17,879 ~-~-> 01:55:23,969
10723 occurs at 545 while you're 15 minutes
10724
10725 2682
10726 01:55:23,969 ~-~-> 01:55:28,559
10727 early, so you may have to catch the
10728
10729 2683
10730 01:55:28,559 ~-~-> 01:55:31,409
10731 order block that was here. Trading up in
10732
10733 2684
10734 01:55:31,439 ~-~-> 01:55:35,639
10735 to the still early Frankfurt it's 630
10736
10737 2685
10738 01:55:35,639 ~-~-> 01:55:38,819
10739 GMT unless you were probably doing limit
10740
10741 2686
10742 01:55:38,819 ~-~-> 01:55:40,889
10743 orders or just simply being up and awake
10744
10745 2687
10746 01:55:40,889 ~-~-> 01:55:43,259
10747 and just watching it. You may not have
10748
10749 2688
10750 01:55:43,739 ~-~-> 01:55:45,419
10751 honestly may not have gotten a really
10752
10753 2689
10754 01:55:45,419 ~-~-> 01:55:48,479
10755 good feel on this one. Or maybe even
10756
10757 2690
10758 01:55:48,479 ~-~-> 01:55:50,579
10759 missed the move all together. which is
10760
10761 2691
10762 01:55:50,639 ~-~-> 01:55:56,009
10763 which is realistic. Okay, we have
10764
10765 2692
10766 01:55:56,009 ~-~-> 01:55:57,719
10767 another one here. This is a real classic
10768
10769 2693
10770 01:55:57,719 ~-~-> 01:56:02,609
10771 one. If the hi In low, here's the move
10772
10773 2694
10774 01:56:02,639 ~-~-> 01:56:03,899
10775 up after midnight
10776
10777 2695
10778 01:56:05,160 ~-~-> 01:56:05,760
10779 rallies up.
10780
10781 2696
10782 01:56:07,080 ~-~-> 01:56:08,580
10783 And you've probably already seen it
10784
10785 2697
10786 01:56:08,580 ~-~-> 01:56:14,010
10787 before I put it on the chart. Let's get
10788
10789 2698
10790 01:56:14,010 ~-~-> 01:56:17,220
10791 this one off. Right up there perfect
10792
10793 2699
10794 01:56:17,220 ~-~-> 01:56:20,610
10795 optimal trade entry BAM 79%. Slam, which
10796
10797 2700
10798 01:56:20,610 ~-~-> 01:56:23,250
10799 is one we would we discussed and not
10800
10801 2701
10802 01:56:23,250 ~-~-> 01:56:26,760
10803 surprisingly. Okay, here's one. Okay.
10804
10805 2702
10806 01:56:26,790 ~-~-> 01:56:27,900
10807 And this is good that we're showing
10808
10809 2703
10810 01:56:27,900 ~-~-> 01:56:32,100
10811 this. We have salvation rally up, takes
10812
10813 2704
10814 01:56:32,100 ~-~-> 01:56:34,950
10815 out an old little high in here, okay?
10816
10817 2705
10818 01:56:35,130 ~-~-> 01:56:37,170
10819 That would be honestly this would be one
10820
10821 2706
10822 01:56:37,170 ~-~-> 01:56:38,550
10823 that you could have traded with the
10824
10825 2707
10826 01:56:38,550 ~-~-> 01:56:41,100
10827 anticipation intense it is easy for me
10828
10829 2708
10830 01:56:41,100 ~-~-> 01:56:45,390
10831 to say anticipating rather the move
10832
10833 2709
10834 01:56:45,390 ~-~-> 01:56:48,480
10835 trading lower. Okay. And while it does
10836
10837 2710
10838 01:56:48,480 ~-~-> 01:56:50,310
10839 trade lower, it does come back
10840
10841 2711
10842 01:56:50,370 ~-~-> 01:56:52,350
10843 ultimately and rejects and trades
10844
10845 2712
10846 01:56:52,350 ~-~-> 01:56:54,870
10847 higher. And you saw price come back
10848
10849 2713
10850 01:56:54,900 ~-~-> 01:56:56,700
10851 rather explosively and that's because we
10852
10853 2714
10854 01:56:56,700 ~-~-> 01:56:59,280
10855 have a gap right here. Okay. Whenever
10856
10857 2715
10858 01:56:59,280 ~-~-> 01:57:01,020
10859 you have gaps in Your chart you want to
10860
10861 2716
10862 01:57:01,020 ~-~-> 01:57:03,000
10863 kind of put blocks on that extend them
10864
10865 2717
10866 01:57:03,000 ~-~-> 01:57:04,680
10867 out in time because price will come back
10868
10869 2718
10870 01:57:04,680 ~-~-> 01:57:08,970
10871 up to these and fill that okay? much in
10872
10873 2719
10874 01:57:08,970 ~-~-> 01:57:12,810
10875 the same vein it does here and actually
10876
10877 2720
10878 01:57:12,810 ~-~-> 01:57:18,480
10879 traded this at 168 54 was my entry and
10880
10881 2721
10882 01:57:18,480 ~-~-> 01:57:20,640
10883 it just took 20 pips I didn't capture
10884
10885 2722
10886 01:57:20,640 ~-~-> 01:57:23,370
10887 anything much more than that. But same
10888
10889 2723
10890 01:57:23,370 ~-~-> 01:57:26,190
10891 thing happening here. I know you're
10892
10893 2724
10894 01:57:26,190 ~-~-> 01:57:27,150
10895 probably saying wait a minute you just
10896
10897 2725
10898 01:57:27,150 ~-~-> 01:57:29,910
10899 bought during a buy program I mean sell
10900
10901 2726
10902 01:57:29,910 ~-~-> 01:57:31,770
10903 program. Yeah, because we have this gap
10904
10905 2727
10906 01:57:31,770 ~-~-> 01:57:33,480
10907 in here and it was smaller intraday
10908
10909 2728
10910 01:57:33,480 ~-~-> 01:57:36,240
10911 scalp and I hadn't caught hadn't caught
10912
10913 2729
10914 01:57:36,240 ~-~-> 01:57:37,860
10915 anything. Because there's a lot of
10916
10917 2730
10918 01:57:37,860 ~-~-> 01:57:39,180
10919 personal things going on my life and I
10920
10921 2731
10922 01:57:39,180 ~-~-> 01:57:41,190
10923 just wanted to be able to take something
10924
10925 2732
10926 01:57:41,190 ~-~-> 01:57:43,350
10927 out for the week and be done. And that's
10928
10929 2733
10930 01:57:43,350 ~-~-> 01:57:45,750
10931 what it is. So I have a birthday coming
10932
10933 2734
10934 01:57:45,750 ~-~-> 01:57:48,420
10935 up this Friday on the big 42. So I'm
10936
10937 2735
10938 01:57:48,420 ~-~-> 01:57:51,120
10939 trying to clear my my schedule out. So
10940
10941 2736
10942 01:57:51,480 ~-~-> 01:57:54,780
10943 that's that's the reason for the little
10944
10945 2737
10946 01:57:55,230 ~-~-> 01:57:57,990
10947 nobody moving here. I haven't been able
10948
10949 2738
10950 01:57:57,990 ~-~-> 01:58:00,540
10951 to be in front of the charts. To capture
10952
10953 2739
10954 01:58:00,540 ~-~-> 01:58:02,310
10955 anything in here, and honestly, there
10956
10957 2740
10958 01:58:02,310 ~-~-> 01:58:06,150
10959 isn't anything in here that would be you
10960
10961 2741
10962 01:58:06,150 ~-~-> 01:58:07,500
10963 know, something I could say my tools
10964
10965 2742
10966 01:58:07,500 ~-~-> 01:58:10,710
10967 were able to deliver. So, outside of
10968
10969 2743
10970 01:58:10,710 ~-~-> 01:58:12,120
10971 that little little minor move in here,
10972
10973 2744
10974 01:58:12,150 ~-~-> 01:58:13,470
10975 there's been nothing for me to trade
10976
10977 2745
10978 01:58:13,470 ~-~-> 01:58:17,520
10979 this week. And ultimately, I'm going to
10980
10981 2746
10982 01:58:17,520 ~-~-> 01:58:19,290
10983 be focusing on just the fiber. I'm
10984
10985 2747
10986 01:58:19,290 ~-~-> 01:58:20,730
10987 sorry, the cable not the fiber anymore.
10988
10989 2748
10990 01:58:20,730 ~-~-> 01:58:22,440
10991 Going forward. We do our live sessions
10992
10993 2749
10994 01:58:22,440 ~-~-> 01:58:24,600
10995 because I just want to be working on one
10996
10997 2750
10998 01:58:24,600 ~-~-> 01:58:27,720
10999 pair. But we talked about the power
11000
11001 2751
11002 01:58:27,720 ~-~-> 01:58:29,520
11003 three, we talked about you two swings. I
11004
11005 2752
11006 01:58:29,520 ~-~-> 01:58:31,410
11007 did not cover Did you just swing for New
11008
11009 2753
11010 01:58:31,410 ~-~-> 01:58:38,580
11011 York? So let's do that now. All right.
11012
11013 2754
11014 01:58:38,730 ~-~-> 01:58:40,620
11015 New York session typically sees an
11016
11017 2755
11018 01:58:40,620 ~-~-> 01:58:45,780
11019 opening around 7am New York time, okay,
11020
11021 2756
11022 01:58:45,780 ~-~-> 01:58:48,120
11023 and you can use 12 GMT. Now what I like
11024
11025 2757
11026 01:58:48,120 ~-~-> 01:58:51,360
11027 to look at is I want to see what 6am
11028
11029 2758
11030 01:58:52,080 ~-~-> 01:58:55,680
11031 okay 6am, which is 11 GMT. I want to see
11032
11033 2759
11034 01:58:55,680 ~-~-> 01:58:57,720
11035 that vertical line, and that'll give you
11036
11037 2760
11038 01:58:57,720 ~-~-> 01:59:02,640
11039 your Judas swing parameter. Okay for the
11040
11041 2761
11042 01:59:02,670 ~-~-> 01:59:05,880
11043 New York session. Now, let's go back and
11044
11045 2762
11046 01:59:05,880 ~-~-> 01:59:07,110
11047 look at this example. And I'll tell you
11048
11049 2763
11050 01:59:07,110 ~-~-> 01:59:09,150
11051 why I did what I did against the trend.
11052
11053 2764
11054 01:59:10,410 ~-~-> 01:59:13,950
11055 We had a possible low formed here
11056
11057 2765
11058 01:59:13,950 ~-~-> 01:59:15,750
11059 because we have really aggressive move
11060
11061 2766
11062 01:59:16,500 ~-~-> 01:59:18,630
11063 form right off of this, this price point
11064
11065 2767
11066 01:59:18,630 ~-~-> 01:59:20,610
11067 here, and this is actually 745 GMT.
11068
11069 2768
11070 01:59:21,510 ~-~-> 01:59:24,240
11071 Okay, price snaps up aggressively, and
11072
11073 2769
11074 01:59:24,240 ~-~-> 01:59:27,060
11075 then it leaves a gap. All I wanted to do
11076
11077 2770
11078 01:59:27,060 ~-~-> 01:59:28,560
11079 see if it would come back up to this,
11080
11081 2771
11082 01:59:28,620 ~-~-> 01:59:30,270
11083 and I was trying to play an optimal
11084
11085 2772
11086 01:59:30,270 ~-~-> 01:59:31,560
11087 trade entry for continuation going
11088
11089 2773
11090 01:59:31,560 ~-~-> 01:59:34,920
11091 lower, but I was using the exit for the
11092
11093 2774
11094 01:59:34,920 ~-~-> 01:59:35,970
11095 optimal trade entry pattern. In other
11096
11097 2775
11098 01:59:35,970 ~-~-> 01:59:37,170
11099 words, I was looking at this.
11100
11101 2776
11102 01:59:42,720 ~-~-> 01:59:45,630
11103 I was using this area here to exit my
11104
11105 2777
11106 01:59:45,630 ~-~-> 01:59:48,840
11107 long pricing down filled the gap. But
11108
11109 2778
11110 01:59:48,840 ~-~-> 01:59:50,100
11111 more importantly, I want you to look at
11112
11113 2779
11114 01:59:50,100 ~-~-> 01:59:51,810
11115 what's going on. This is what I was
11116
11117 2780
11118 01:59:51,810 ~-~-> 01:59:54,120
11119 trading off of. I was betting that this
11120
11121 2781
11122 01:59:54,120 ~-~-> 01:59:56,610
11123 was the low of the day. Why? Because it
11124
11125 2782
11126 01:59:56,610 ~-~-> 01:59:58,980
11127 was happening in London, London, blew up
11128
11129 2783
11130 01:59:58,980 ~-~-> 02:00:01,530
11131 real hard and then retreat. Okay, and
11132
11133 2784
11134 02:00:01,530 ~-~-> 02:00:03,390
11135 fill the gap. If there was no gap in
11136
11137 2785
11138 02:00:03,390 ~-~-> 02:00:04,590
11139 here, I never would have took this trade
11140
11141 2786
11142 02:00:04,650 ~-~-> 02:00:06,030
11143 ever would have considered taking the
11144
11145 2787
11146 02:00:06,030 ~-~-> 02:00:09,000
11147 trade. But because there was a gap. I
11148
11149 2788
11150 02:00:09,000 ~-~-> 02:00:11,490
11151 went long in here with the expectation
11152
11153 2789
11154 02:00:11,610 ~-~-> 02:00:13,320
11155 that I would see a further move higher
11156
11157 2790
11158 02:00:13,350 ~-~-> 02:00:16,920
11159 why the vertical line delineates 11 GMT
11160
11161 2791
11162 02:00:16,950 ~-~-> 02:00:19,710
11163 or 6am, New York time? If we're going to
11164
11165 2792
11166 02:00:19,710 ~-~-> 02:00:21,510
11167 be a buyer, what do we like to see first
11168
11169 2793
11170 02:00:21,540 ~-~-> 02:00:23,820
11171 and Judas swing perspective? A down
11172
11173 2794
11174 02:00:23,820 ~-~-> 02:00:25,830
11175 move, see what it's done. Here's the
11176
11177 2795
11178 02:00:25,830 ~-~-> 02:00:28,530
11179 white line. This is New York. Judas
11180
11181 2796
11182 02:00:28,590 ~-~-> 02:00:31,140
11183 parameter like the five GMT New York for
11184
11185 2797
11186 02:00:31,140 ~-~-> 02:00:33,570
11187 London. We want to see a move down.
11188
11189 2798
11190 02:00:33,930 ~-~-> 02:00:36,750
11191 Also, it fills in a gap and it trades
11192
11193 2799
11194 02:00:36,750 ~-~-> 02:00:40,470
11195 into a previous order block rallies. See
11196
11197 2800
11198 02:00:40,470 ~-~-> 02:00:47,070
11199 that. If you are looking at over here
11200
11201 2801
11202 02:00:51,030 ~-~-> 02:00:55,080
11203 you have your London open down day. Here
11204
11205 2802
11206 02:00:55,080 ~-~-> 02:00:56,820
11207 is the New York session. So how do you
11208
11209 2803
11210 02:00:56,820 ~-~-> 02:00:59,220
11211 get in sync with getting in New York
11212
11213 2804
11214 02:00:59,430 ~-~-> 02:01:02,250
11215 while you want to see rally after 11 GMT
11216
11217 2805
11218 02:01:02,250 ~-~-> 02:01:04,980
11219 or 6am that rally that occurs later on.
11220
11221 2806
11222 02:01:05,220 ~-~-> 02:01:08,460
11223 That'll be the retracement inside of the
11224
11225 2807
11226 02:01:08,700 ~-~-> 02:01:13,740
11227 existing daily range. right up in here
11228
11229 2808
11230 02:01:13,770 ~-~-> 02:01:16,740
11231 60% sell here. Try to get back to the
11232
11233 2809
11234 02:01:16,740 ~-~-> 02:01:18,840
11235 old low. Notice it doesn't do it here.
11236
11237 2810
11238 02:01:19,200 ~-~-> 02:01:23,250
11239 Failed trade. Okay. I'm giving you what
11240
11241 2811
11242 02:01:23,280 ~-~-> 02:01:25,500
11243 would what would happen guys I mean I'm
11244
11245 2812
11246 02:01:25,770 ~-~-> 02:01:27,090
11247 trying to keep it as real as I possibly
11248
11249 2813
11250 02:01:27,090 ~-~-> 02:01:30,480
11251 can you have a scenario here as well
11252
11253 2814
11254 02:01:30,510 ~-~-> 02:01:33,360
11255 yeah, the high coming off of the London
11256
11257 2815
11258 02:01:33,360 ~-~-> 02:01:36,300
11259 session trades down. We want to see a
11260
11261 2816
11262 02:01:36,300 ~-~-> 02:01:39,420
11263 rally after New York. Okay after New
11264
11265 2817
11266 02:01:39,420 ~-~-> 02:01:39,750
11267 York
11268
11269 2818
11270 02:01:45,870 ~-~-> 02:01:48,090
11271 never gives it to you here and you have
11272
11273 2819
11274 02:01:48,090 ~-~-> 02:01:49,830
11275 to wait to the final day on online.
11276
11277 2820
11278 02:01:56,430 ~-~-> 02:02:00,360
11279 Down moving here. You have You want to
11280
11281 2821
11282 02:02:00,360 ~-~-> 02:02:02,460
11283 see a retracement of some sort? Okay
11284
11285 2822
11286 02:02:02,460 ~-~-> 02:02:07,620
11287 retracement is again a New York can be
11288
11289 2823
11290 02:02:07,620 ~-~-> 02:02:09,570
11291 used for position trading guys that
11292
11293 2824
11294 02:02:09,570 ~-~-> 02:02:12,450
11295 can't be up there in London whatever you
11296
11297 2825
11298 02:02:12,450 ~-~-> 02:02:15,000
11299 would sell short here. You have to ride
11300
11301 2826
11302 02:02:15,000 ~-~-> 02:02:17,070
11303 out all through the previous I mean
11304
11305 2827
11306 02:02:17,070 ~-~-> 02:02:19,050
11307 sorry the next London session so you
11308
11309 2828
11310 02:02:19,050 ~-~-> 02:02:20,460
11311 can't move your stop you can't do
11312
11313 2829
11314 02:02:20,460 ~-~-> 02:02:23,280
11315 anything until the low is taken out.
11316
11317 2830
11318 02:02:23,640 ~-~-> 02:02:24,900
11319 muscle is taken out then you start
11320
11321 2831
11322 02:02:24,900 ~-~-> 02:02:27,090
11323 managing your trade and your stops But
11324
11325 2832
11326 02:02:27,180 ~-~-> 02:02:28,890
11327 until then, that's this is what you have
11328
11329 2833
11330 02:02:28,890 ~-~-> 02:02:33,180
11331 to work with. But using the new york
11332
11333 2834
11334 02:02:33,570 ~-~-> 02:02:37,200
11335 session period separate 11 GMT or six
11336
11337 2835
11338 02:02:37,230 ~-~-> 02:02:39,060
11339 and New York time you want to see the
11340
11341 2836
11342 02:02:39,060 ~-~-> 02:02:41,250
11343 rally. You know that rally is what sets
11344
11345 2837
11346 02:02:41,250 ~-~-> 02:02:42,960
11347 you up for the continuation of the
11348
11349 2838
11350 02:02:42,960 ~-~-> 02:02:45,300
11351 existing downtrend, downtrend. Okay,
11352
11353 2839
11354 02:02:45,390 ~-~-> 02:02:47,940
11355 framing your ideas with the London
11356
11357 2840
11358 02:02:48,810 ~-~-> 02:02:50,700
11359 backdrop of what's going on in London
11360
11361 2841
11362 02:02:50,850 ~-~-> 02:02:54,270
11363 and the overall trend being lower. But
11364
11365 2842
11366 02:02:54,270 ~-~-> 02:02:59,940
11367 using the 6am New York or 11 GMT window
11368
11369 2843
11370 02:03:00,000 ~-~-> 02:03:02,790
11371 But what that does afterwards okay is
11372
11373 2844
11374 02:03:02,790 ~-~-> 02:03:04,530
11375 sets the framework up for your trade.
11376
11377 2845
11378 02:03:04,980 ~-~-> 02:03:06,600
11379 Notice that we have the high formed in
11380
11381 2846
11382 02:03:06,600 ~-~-> 02:03:08,730
11383 London here. We didn't get any kind of a
11384
11385 2847
11386 02:03:08,730 ~-~-> 02:03:10,650
11387 rally on this day so we couldn't do any
11388
11389 2848
11390 02:03:10,650 ~-~-> 02:03:12,810
11391 country. There was no opportunity there
11392
11393 2849
11394 02:03:12,810 ~-~-> 02:03:18,540
11395 in New York. And nothing really to speak
11396
11397 2850
11398 02:03:18,540 ~-~-> 02:03:24,420
11399 of air either. Again, this is that same
11400
11401 2851
11402 02:03:24,420 ~-~-> 02:03:26,640
11403 day where it could have now this
11404
11405 2852
11406 02:03:26,640 ~-~-> 02:03:28,410
11407 classified as a delusion that you lost
11408
11409 2853
11410 02:03:28,410 ~-~-> 02:03:32,460
11411 money on that. The London session
11412
11413 2854
11414 02:03:32,460 ~-~-> 02:03:35,280
11415 creates the high here. Here's New York
11416
11417 2855
11418 02:03:35,310 ~-~-> 02:03:40,590
11419 at 6am. We see a rally rally up to what
11420
11421 2856
11422 02:03:41,010 ~-~-> 02:03:43,470
11423 old support broken becomes what
11424
11425 2857
11426 02:03:43,500 ~-~-> 02:03:47,220
11427 resistance boom okay.
11428
11429 2858
11430 02:04:00,780 ~-~-> 02:04:04,410
11431 High the day in London, New York. You
11432
11433 2859
11434 02:04:04,410 ~-~-> 02:04:08,490
11435 want to see what a rally after 6am or 11
11436
11437 2860
11438 02:04:08,490 ~-~-> 02:04:14,160
11439 GMT there's a rally into old resistance.
11440
11441 2861
11442 02:04:15,180 ~-~-> 02:04:17,520
11443 So you have a five minute optimal trade
11444
11445 2862
11446 02:04:17,520 ~-~-> 02:04:19,650
11447 entry in here you could have scaled into
11448
11449 2863
11450 02:04:19,650 ~-~-> 02:04:23,010
11451 even with smaller risk but you're also
11452
11453 2864
11454 02:04:23,010 ~-~-> 02:04:29,220
11455 playing up against this old low using
11456
11457 2865
11458 02:04:29,220 ~-~-> 02:04:33,120
11459 the body of candles right there okay, so
11460
11461 2866
11462 02:04:33,120 ~-~-> 02:04:36,000
11463 you took out an old low broke through it
11464
11465 2867
11466 02:04:36,000 ~-~-> 02:04:39,270
11467 came back find that as us support broken
11468
11469 2868
11470 02:04:39,360 ~-~-> 02:04:40,890
11471 turn resistance and we had another
11472
11473 2869
11474 02:04:41,130 ~-~-> 02:04:42,990
11475 trader and then even blew through it
11476
11477 2870
11478 02:04:42,990 ~-~-> 02:04:46,470
11479 just a little bit Tim nice of them. Nice
11480
11481 2871
11482 02:04:46,470 ~-~-> 02:04:48,150
11483 they were about doing it right there's
11484
11485 2872
11486 02:04:48,150 ~-~-> 02:04:50,010
11487 the highs that are equal. Now I told you
11488
11489 2873
11490 02:04:50,280 ~-~-> 02:04:52,080
11491 the best moves occur after the stop read
11492
11493 2874
11494 02:04:52,110 ~-~-> 02:04:53,850
11495 stops gonna be read above that or at
11496
11497 2875
11498 02:04:53,850 ~-~-> 02:04:59,100
11499 that high. Ben downing goes okay. And
11500
11501 2876
11502 02:04:59,100 ~-~-> 02:05:01,410
11503 this is in the doldrums of summer guys,
11504
11505 2877
11506 02:05:01,410 ~-~-> 02:05:04,710
11507 and this is August. This, I mean, not
11508
11509 2878
11510 02:05:04,710 ~-~-> 02:05:06,750
11511 August, in July, July and August really,
11512
11513 2879
11514 02:05:06,870 ~-~-> 02:05:10,410
11515 really crummiest in terms of volatility.
11516
11517 2880
11518 02:05:10,470 ~-~-> 02:05:13,320
11519 It's really nasty in terms of cleanness
11520
11521 2881
11522 02:05:13,320 ~-~-> 02:05:16,080
11523 in terms of where price can go perfectly
11524
11525 2882
11526 02:05:16,080 ~-~-> 02:05:18,870
11527 in turn around. That's why a lot of
11528
11529 2883
11530 02:05:18,900 ~-~-> 02:05:23,790
11531 weight is mainly placed on the daily and
11532
11533 2884
11534 02:05:23,820 ~-~-> 02:05:25,650
11535 even weekly charts really, because it'll
11536
11537 2885
11538 02:05:26,070 ~-~-> 02:05:27,990
11539 give you the framework that you need to
11540
11541 2886
11542 02:05:27,990 ~-~-> 02:05:30,480
11543 have for these large institutions to be
11544
11545 2887
11546 02:05:30,480 ~-~-> 02:05:33,420
11547 behind your trades. So while we
11548
11549 2888
11550 02:05:33,420 ~-~-> 02:05:36,480
11551 basically looked at targeting time of
11552
11553 2889
11554 02:05:36,480 ~-~-> 02:05:38,340
11555 day power three Judas swings, how to
11556
11557 2890
11558 02:05:38,340 ~-~-> 02:05:40,560
11559 apply it with both not only the New York
11560
11561 2891
11562 02:05:40,560 ~-~-> 02:05:42,510
11563 session, but the London session as well.
11564
11565 2892
11566 02:05:43,380 ~-~-> 02:05:47,640
11567 We talked about the the mapping aspect
11568
11569 2893
11570 02:05:47,640 ~-~-> 02:05:49,680
11571 of putting the boxes on your chart like
11572
11573 2894
11574 02:05:49,680 ~-~-> 02:05:51,120
11575 we have here, this orange box and what
11576
11577 2895
11578 02:05:51,120 ~-~-> 02:05:53,850
11579 it means Okay, and again, it's to
11580
11581 2896
11582 02:05:53,940 ~-~-> 02:05:57,120
11583 bracket out a pocket of price action,
11584
11585 2897
11586 02:05:57,330 ~-~-> 02:05:59,070
11587 that the higher time frames are telling
11588
11589 2898
11590 02:05:59,070 ~-~-> 02:06:01,590
11591 us this direction is most likely going
11592
11593 2899
11594 02:06:01,590 ~-~-> 02:06:04,530
11595 to be. And in this case, we mapped out
11596
11597 2900
11598 02:06:04,560 ~-~-> 02:06:07,110
11599 that it was going lower. So while we're
11600
11601 2901
11602 02:06:07,170 ~-~-> 02:06:09,720
11603 in the intraday perspective, we are
11604
11605 2902
11606 02:06:09,720 ~-~-> 02:06:12,810
11607 cognizant of the lower time frame, I'm
11608
11609 2903
11610 02:06:12,810 ~-~-> 02:06:14,040
11611 sorry, the higher time frames moving
11612
11613 2904
11614 02:06:14,070 ~-~-> 02:06:16,440
11615 lower. So we want to be more focused in
11616
11617 2905
11618 02:06:16,440 ~-~-> 02:06:18,780
11619 on finding sell scenarios, at specific
11620
11621 2906
11622 02:06:18,780 ~-~-> 02:06:21,990
11623 times of the day. with specific, you
11624
11625 2907
11626 02:06:21,990 ~-~-> 02:06:24,060
11627 know, reoccurring themes that either be
11628
11629 2908
11630 02:06:24,060 ~-~-> 02:06:25,320
11631 the apple trade entry or the turtle
11632
11633 2909
11634 02:06:25,320 ~-~-> 02:06:32,130
11635 suit. It would be advantageous for you
11636
11637 2910
11638 02:06:32,130 ~-~-> 02:06:35,190
11639 to study market profiling to a great
11640
11641 2911
11642 02:06:35,190 ~-~-> 02:06:37,200
11643 degree. And I mean by that is markets
11644
11645 2912
11646 02:06:37,200 ~-~-> 02:06:39,990
11647 move from consolidation, to trend to
11648
11649 2913
11650 02:06:39,990 ~-~-> 02:06:42,000
11651 reversal, okay, there's only three
11652
11653 2914
11654 02:06:42,000 ~-~-> 02:06:43,860
11655 things that can happen. The markets
11656
11657 2915
11658 02:06:43,950 ~-~-> 02:06:46,620
11659 gonna go sideways in a range, or it's
11660
11661 2916
11662 02:06:46,620 ~-~-> 02:06:48,990
11663 going to trend and break out basically,
11664
11665 2917
11666 02:06:49,440 ~-~-> 02:06:51,630
11667 or once again, once it hits a resistance
11668
11669 2918
11670 02:06:51,630 ~-~-> 02:06:53,400
11671 or support of greater measure, it'll
11672
11673 2919
11674 02:06:53,400 ~-~-> 02:06:55,740
11675 reverse. They're the only three things
11676
11677 2920
11678 02:06:55,740 ~-~-> 02:06:57,330
11679 that can happen with price. It's either
11680
11681 2921
11682 02:06:57,330 ~-~-> 02:06:59,880
11683 going sideways, it's going up, or it's
11684
11685 2922
11686 02:06:59,880 ~-~-> 02:07:02,130
11687 going Going down and based on the the
11688
11689 2923
11690 02:07:02,130 ~-~-> 02:07:03,930
11691 three primary profiles which is
11692
11693 2924
11694 02:07:03,930 ~-~-> 02:07:05,460
11695 consolidation which is range bound,
11696
11697 2925
11698 02:07:06,120 ~-~-> 02:07:09,000
11699 okay? And then you see that here, here's
11700
11701 2926
11702 02:07:09,000 ~-~-> 02:07:14,430
11703 consolidation, okay. reversal trend
11704
11705 2927
11706 02:07:16,140 ~-~-> 02:07:17,040
11707 consolidation.
11708
11709 2928
11710 02:07:25,590 ~-~-> 02:07:29,700
11711 In here we have a reversal, old highs
11712
11713 2929
11714 02:07:29,700 ~-~-> 02:07:31,560
11715 taken out reversal. So we're in
11716
11717 2930
11718 02:07:31,560 ~-~-> 02:07:35,340
11719 consolidation, reversal, trade lower
11720
11721 2931
11722 02:07:35,610 ~-~-> 02:07:41,760
11723 trending. consolidation, trending
11724
11725 2932
11726 02:07:41,790 ~-~-> 02:07:47,070
11727 reversal. consolidation, trending,
11728
11729 2933
11730 02:07:47,340 ~-~-> 02:07:51,870
11731 reversal. consolidating, trending,
11732
11733 2934
11734 02:07:53,790 ~-~-> 02:07:59,970
11735 consolidating, reversal consolidating
11736
11737 2935
11738 02:08:01,920 ~-~-> 02:08:04,440
11739 trending, if you only want to call that,
11740
11741 2936
11742 02:08:05,010 ~-~-> 02:08:06,750
11743 now we're in consolidation again, okay,
11744
11745 2937
11746 02:08:06,750 ~-~-> 02:08:09,150
11747 so by understanding where we're at in
11748
11749 2938
11750 02:08:09,150 ~-~-> 02:08:10,650
11751 the cycle, and there's no real
11752
11753 2939
11754 02:08:11,220 ~-~-> 02:08:14,370
11755 repeating, consolidation, trend
11756
11757 2940
11758 02:08:14,370 ~-~-> 02:08:16,440
11759 reversal, okay? But it does go from
11760
11761 2941
11762 02:08:16,440 ~-~-> 02:08:19,020
11763 consolidation to trend, that before you
11764
11765 2942
11766 02:08:19,020 ~-~-> 02:08:20,520
11767 see a trend, there's a consolidation.
11768
11769 2943
11770 02:08:20,700 ~-~-> 02:08:22,920
11771 And inside the consolidation is where
11772
11773 2944
11774 02:08:22,920 ~-~-> 02:08:24,780
11775 all the Smart Money accumulation is
11776
11777 2945
11778 02:08:24,780 ~-~-> 02:08:26,580
11779 being done, whether it be buying and
11780
11781 2946
11782 02:08:26,580 ~-~-> 02:08:29,250
11783 selling. So hopefully this has been
11784
11785 2947
11786 02:08:29,250 ~-~-> 02:08:31,590
11787 insightful to you guys. Obviously,
11788
11789 2948
11790 02:08:31,590 ~-~-> 02:08:33,270
11791 understanding seasonal tendencies and
11792
11793 2949
11794 02:08:33,330 ~-~-> 02:08:35,520
11795 honestly, if you if you do a search on
11796
11797 2950
11798 02:08:36,090 ~-~-> 02:08:39,960
11799 more research, and that's m o r e, he
11800
11801 2951
11802 02:08:39,960 ~-~-> 02:08:41,640
11803 has in my opinion, the best seasonal
11804
11805 2952
11806 02:08:41,640 ~-~-> 02:08:43,500
11807 tendency stuff there is. But you can
11808
11809 2953
11810 02:08:43,530 ~-~-> 02:08:46,440
11811 pull up seasonal tendency, graphs on
11812
11813 2954
11814 02:08:46,470 ~-~-> 02:08:49,410
11815 every everything from commodities, to
11816
11817 2955
11818 02:08:49,680 ~-~-> 02:08:51,900
11819 currencies and such and oil. If you're
11820
11821 2956
11822 02:08:51,900 ~-~-> 02:08:54,360
11823 trading, crude oil, gold, silver, all
11824
11825 2957
11826 02:08:54,360 ~-~-> 02:08:55,530
11827 that stuff, you have all that stuff. And
11828
11829 2958
11830 02:08:55,530 ~-~-> 02:08:57,210
11831 if you just Google it on the internet,
11832
11833 2959
11834 02:08:58,170 ~-~-> 02:09:01,080
11835 you can find all that stuff but Applying
11836
11837 2960
11838 02:09:01,080 ~-~-> 02:09:03,180
11839 seasonal tendencies to you the higher
11840
11841 2961
11842 02:09:03,180 ~-~-> 02:09:05,310
11843 time frames as well kind of gets you set
11844
11845 2962
11846 02:09:05,700 ~-~-> 02:09:08,010
11847 for when there's a likely buy or sell
11848
11849 2963
11850 02:09:08,010 ~-~-> 02:09:10,770
11851 program. Coming Your Way, a lot, a lot
11852
11853 2964
11854 02:09:10,770 ~-~-> 02:09:13,290
11855 of my longer term analysis, where I've
11856
11857 2965
11858 02:09:13,290 ~-~-> 02:09:16,020
11859 called major highs and lows, more than
11860
11861 2966
11862 02:09:16,020 ~-~-> 02:09:17,850
11863 most likely going to form and then move
11864
11865 2967
11866 02:09:17,850 ~-~-> 02:09:19,770
11867 into a new buying opportunity or selling
11868
11869 2968
11870 02:09:19,800 ~-~-> 02:09:22,530
11871 opportunity that's really hinged on the
11872
11873 2969
11874 02:09:22,560 ~-~-> 02:09:25,050
11875 co2 data, and seasonal seasonal
11876
11877 2970
11878 02:09:25,050 ~-~-> 02:09:26,970
11879 tendencies. with higher levels support
11880
11881 2971
11882 02:09:26,970 ~-~-> 02:09:28,290
11883 resistance, that's all it is, guys,
11884
11885 2972
11886 02:09:28,290 ~-~-> 02:09:30,360
11887 that's really all it is. And by having
11888
11889 2973
11890 02:09:30,360 ~-~-> 02:09:33,720
11891 these tools combined together, applying
11892
11893 2974
11894 02:09:33,720 ~-~-> 02:09:37,410
11895 them will give you a huge edge that just
11896
11897 2975
11898 02:09:37,410 ~-~-> 02:09:39,210
11899 the retail traders just simply don't
11900
11901 2976
11902 02:09:39,210 ~-~-> 02:09:42,810
11903 even exist in terms of you know, they
11904
11905 2977
11906 02:09:42,810 ~-~-> 02:09:44,580
11907 don't even know this, this level of
11908
11909 2978
11910 02:09:44,580 ~-~-> 02:09:47,370
11911 precision is available. Okay. And when
11912
11913 2979
11914 02:09:47,370 ~-~-> 02:09:49,110
11915 we go into the fall, and we trade
11916
11917 2980
11918 02:09:49,110 ~-~-> 02:09:50,790
11919 through the winter months and early
11920
11921 2981
11922 02:09:50,790 ~-~-> 02:09:54,600
11923 spring, the liquidity that is available,
11924
11925 2982
11926 02:09:54,600 ~-~-> 02:09:57,030
11927 then you'll see because we're gonna be
11928
11929 2983
11930 02:09:57,030 ~-~-> 02:09:58,500
11931 doing it live over my shoulder and
11932
11933 2984
11934 02:09:58,500 ~-~-> 02:09:59,910
11935 you'll see all these things happening.
11936
11937 2985
11938 02:10:00,000 ~-~-> 02:10:02,160
11939 In advanced setting up the all the news
11940
11941 2986
11942 02:10:02,160 ~-~-> 02:10:03,840
11943 and what we anticipate seeing and all
11944
11945 2987
11946 02:10:03,840 ~-~-> 02:10:06,030
11947 that stuff, when that when that happens,
11948
11949 2988
11950 02:10:06,060 ~-~-> 02:10:08,340
11951 it will be a learning experience unlike
11952
11953 2989
11954 02:10:08,340 ~-~-> 02:10:10,560
11955 any other for you. And I'm going to
11956
11957 2990
11958 02:10:10,560 ~-~-> 02:10:13,170
11959 close my teaching out this year with
11960
11961 2991
11962 02:10:13,170 ~-~-> 02:10:14,940
11963 this because obviously, you know, as a
11964
11965 2992
11966 02:10:14,940 ~-~-> 02:10:17,820
11967 mentor, I'm retiring, and 2015 will be
11968
11969 2993
11970 02:10:17,820 ~-~-> 02:10:20,370
11971 the beginning of my, you know, life away
11972
11973 2994
11974 02:10:20,370 ~-~-> 02:10:23,040
11975 from teaching. But my resources will be
11976
11977 2995
11978 02:10:23,040 ~-~-> 02:10:24,150
11979 still available on the internet,
11980
11981 2996
11982 02:10:24,180 ~-~-> 02:10:26,430
11983 obviously, my email address, you can
11984
11985 2997
11986 02:10:26,430 ~-~-> 02:10:28,950
11987 always reach me at ICT at the inner
11988
11989 2998
11990 02:10:28,950 ~-~-> 02:10:31,140
11991 circle trader calm and as a backup email
11992
11993 2999
11994 02:10:31,140 ~-~-> 02:10:35,370
11995 address, inner circle trader@gmail.com.
11996
11997 3000
11998 02:10:35,520 ~-~-> 02:10:37,200
11999 And obviously, with everything that
12000
12001 3001
12002 02:10:37,230 ~-~-> 02:10:38,580
12003 we've shared in here, this is this
12004
12005 3002
12006 02:10:39,000 ~-~-> 02:10:42,570
12007 massive, massive contents, condensing
12008
12009 3003
12010 02:10:42,690 ~-~-> 02:10:45,390
12011 content condensing rather of all the
12012
12013 3004
12014 02:10:45,420 ~-~-> 02:10:46,980
12015 materials that I've been sharing over
12016
12017 3005
12018 02:10:46,980 ~-~-> 02:10:49,590
12019 the last four years. Now it's much much
12020
12021 3006
12022 02:10:49,590 ~-~-> 02:10:51,420
12023 more that can be done in terms of
12024
12025 3007
12026 02:10:51,420 ~-~-> 02:10:53,700
12027 reviewing and go on and on, but it would
12028
12029 3008
12030 02:10:53,700 ~-~-> 02:10:55,680
12031 take me another four years to do it, you
12032
12033 3009
12034 02:10:55,680 ~-~-> 02:10:58,500
12035 know me, so we'll be doing a lot of
12036
12037 3010
12038 02:10:58,500 ~-~-> 02:11:00,600
12039 application which will help you Get up
12040
12041 3011
12042 02:11:00,600 ~-~-> 02:11:01,800
12043 to speed. But for those that are just
12044
12045 3012
12046 02:11:01,800 ~-~-> 02:11:04,530
12047 not warmed up to my material, this kind
12048
12049 3013
12050 02:11:04,530 ~-~-> 02:11:06,540
12051 of like is like an overview, if you will
12052
12053 3014
12054 02:11:06,570 ~-~-> 02:11:08,160
12055 a real Crash Course of the things that
12056
12057 3015
12058 02:11:08,160 ~-~-> 02:11:09,780
12059 we do, and we don't for the last four
12060
12061 3016
12062 02:11:09,780 ~-~-> 02:11:11,970
12063 years, and you'll start to see
12064
12065 3017
12066 02:11:12,030 ~-~-> 02:11:14,010
12067 everything I talk about in real time, it
12068
12069 3018
12070 02:11:14,010 ~-~-> 02:11:15,780
12071 won't be made up, it'll be all hinged on
12072
12073 3019
12074 02:11:15,780 ~-~-> 02:11:16,950
12075 the stuff that's been talked about for
12076
12077 3020
12078 02:11:16,950 ~-~-> 02:11:18,900
12079 the last four years and documented on it
12080
12081 3021
12082 02:11:19,020 ~-~-> 02:11:20,910
12083 on the internet. I mean, it's not like,
12084
12085 3022
12086 02:11:21,330 ~-~-> 02:11:22,980
12087 you know, just start tweaking these
12088
12089 3023
12090 02:11:22,980 ~-~-> 02:11:24,390
12091 things every every day to make it work
12092
12093 3024
12094 02:11:24,390 ~-~-> 02:11:26,610
12095 better. This is the stuff that's in my
12096
12097 3025
12098 02:11:26,610 ~-~-> 02:11:28,320
12099 repertoire. It's stuff that I used to
12100
12101 3026
12102 02:11:28,320 ~-~-> 02:11:29,730
12103 trade, it's stuff that other traders
12104
12105 3027
12106 02:11:29,730 ~-~-> 02:11:31,410
12107 have been using for a long period of
12108
12109 3028
12110 02:11:31,410 ~-~-> 02:11:33,420
12111 time. they're familiar with my stuff,
12112
12113 3029
12114 02:11:33,420 ~-~-> 02:11:35,790
12115 and they are doing very well. So I'm
12116
12117 3030
12118 02:11:35,790 ~-~-> 02:11:37,890
12119 going to close it here. This ends our
12120
12121 3031
12122 02:11:37,920 ~-~-> 02:11:40,980
12123 series on what every new indoor aspiring
12124
12125 3032
12126 02:11:40,980 ~-~-> 02:11:42,450
12127 for shooter wants to know, recap or
12128
12129 3033
12130 02:11:42,450 ~-~-> 02:11:45,180
12131 review. And now everything going forward
12132
12133 3034
12134 02:11:45,390 ~-~-> 02:11:47,760
12135 will be real time, doing the drills,
12136
12137 3035
12138 02:11:47,760 ~-~-> 02:11:50,460
12139 doing all the research projects and all
12140
12141 3036
12142 02:11:50,460 ~-~-> 02:11:52,500
12143 the stuff that's necessary for you. But
12144
12145 3037
12146 02:11:52,530 ~-~-> 02:11:54,030
12147 I'm condensing what you should be done
12148
12149 3038
12150 02:11:54,030 ~-~-> 02:11:56,340
12151 for six months into just one month. So
12152
12153 3039
12154 02:11:56,340 ~-~-> 02:11:57,570
12155 by the time we're in the second week of
12156
12157 3040
12158 02:11:57,570 ~-~-> 02:11:58,950
12159 September, we'll be in the swing of
12160
12161 3041
12162 02:11:58,950 ~-~-> 02:12:00,840
12163 things with live trading. A Live
12164
12165 3042
12166 02:12:00,840 ~-~-> 02:12:02,340
12167 account. So with that, guys, we wish you
12168
12169 3043
12170 02:12:02,340 ~-~-> 02:12:03,870
12171 good luck and good trading.