ICT YT - 2021-05-25 - If I Had To Restart Again As A Trader at 20 Years Old - Part 3.srt

Last modified by Drunk Monkey on 2021-05-25 08:43
1 00:00:16,770 --> 00:00:29,220 ICT: Alright, folks, welcome back. This is part three of how I would restart at 20. If I had the opportunity to do so. And the pantomime here I'm using is, I've
2 00:00:29,220 --> 00:00:39,960 done six months of back testing, I've grown accustomed to trusting that the optimal trade entry pattern forms rather consistently during the 830 in the
3 00:00:39,960 --> 00:00:51,630 morning to 11 o'clock in the morning, New York session time. At any time, if you only watch this video, it's advised for you to go and look at my optimal trade
4 00:00:51,630 --> 00:01:02,190 entry pattern recognition series, and the optimal trade entry, or ot e primer.  Those videos are found on my YouTube channel. So in this lesson, again, I'm
5 00:01:02,190 --> 00:01:12,180 focusing on the understanding that we collectively agree that some time has passed. And I recommend six months, as I've mentioned, in part two of this
6 00:01:12,240 --> 00:01:26,010 series, about back testing, and keeping a log of what the pattern looks like. So assuming that's done, how would I engage euro dollar in the New York session on
7 00:01:26,010 --> 00:01:40,650 a daily basis? I'm going to cover that with an actual example, not just hypothetical. And how might I visualize optimal trade entry patterns? And how
8 00:01:40,650 --> 00:01:51,120 would I frame the targets and filter setups? Alright, so here is the hourly chart on the euro dollar. And before I get into this, just note that I did
9 00:01:51,180 --> 00:02:04,290 record a execution, and the link to that video on the execution and management where it hits the target. As you can see here, the entry and exit arrow, all of
10 00:02:04,290 --> 00:02:15,330 this has been recorded. So you can see there was an actual example I'm not talking from pure hindsight, I'm using the actual things that I used in the
11 00:02:15,330 --> 00:02:24,330 trade example. And I'm going to teach you more depth behind it. And this is exactly how I would go into if I was starting all over again, as a 20 year old,
12 00:02:24,510 --> 00:02:33,600 using just the information on this YouTube channel. Just my ICT concepts.  Everything is inner circle trader me, Michael, the things I would focus on
13 00:02:33,600 --> 00:02:42,180 primarily in the beginning is exactly what I'm showing you in this video here.  Now, the framework, obviously, if you go through all of the videos on the inner
14 00:02:42,180 --> 00:02:53,220 circle trader YouTube channel, I teach this idea here, okay, and it's routed equal highs. And retail sees that as a very strong resistance level wycoff does
15 00:02:53,220 --> 00:03:05,790 not talk anything about that specific area in price action doesn't talk about it doesn't mention it. And I draw strong conclusions that most retail traders think
16 00:03:05,790 --> 00:03:14,400 with this logic. And I adopted that mindset initially as a trader, by reading john Murphy's book, technical analysis in the financial markets, which is the
17 00:03:14,400 --> 00:03:24,690 retail traders Bible. If you learn everything in that book and turn it upside down, you can be profitable, because that's essentially what I did. So if I look
18 00:03:24,690 --> 00:03:41,550 at this relative equal Hi, and we're looking at an hourly chart here on euro, the idea is during the 17th of may 2021. This pattern right here, this rally up,
19 00:03:41,850 --> 00:03:53,970 that clears the short term high, and trades right back down into this initial low trades back down in as an optimal trade entry. I like this pattern. This is
20 00:03:54,000 --> 00:04:02,070 actually one of my favorite patterns to trade, if I'm only going to elect to use the optimal trade entry. Now, obviously, I'm much more versed than just UI
21 00:04:02,070 --> 00:04:15,540 patterns. But for this YouTube channel, I teach that as the flagship pattern, I am absolutely convinced 100% sold on the idea that anybody that learns this
22 00:04:15,540 --> 00:04:26,970 pattern, can find consistency, can find profitability, can quit their job can grow wealth, all you need is this one pattern. The problem is you want it to
23 00:04:26,970 --> 00:04:38,940 form every 10 minutes, and it's not likely to satisfy that itch. So what I want you to notice is the underlying framework is we're in a bullish market, and we
24 00:04:38,940 --> 00:04:39,660 have these
25 00:04:41,220 --> 00:04:50,010 tapped relative equal highs. Okay, so there's a lot of biceps resting above that because traders that have wrote this down, they're going to have a bicep
26 00:04:50,040 --> 00:05:00,750 wrestling upgrade to protect their short position and or anyone that's bullish will have a buy stop above that. And it also builds more liquidity for Buying.
27 00:05:00,990 --> 00:05:11,820 Now why is that interesting to me, if we're trading down here, because I see a rally from here, up and then back down in that did not take this run above these
28 00:05:11,820 --> 00:05:22,500 highs. So in my mind, I see this as a bullish optimal trade entry because we have had a shift in market structure above the short term high. So now momentum
29 00:05:22,500 --> 00:05:36,000 is in force on the upside, the retracement back down in 79% 62% in that area, that's optimal trade entry. Now, it's not just simply the fib level that makes
30 00:05:36,000 --> 00:05:47,790 it optimal. It is the fact that we have this underlying framework where we rally higher broke a high, we have unfinished business up here. Okay, that's by side
31 00:05:47,790 --> 00:05:57,510 liquidity, that's by stocks that have not been adequately traded into. So this retracement back down in I view that as optimal trade entry. Now, again, I'm
32 00:05:57,510 --> 00:06:07,020 showing you an example that I recorded through trading view, I'm not using the bullish position where it just shows you rectangles and shaded areas. That's
33 00:06:07,020 --> 00:06:14,820 hypothetical, that's not an execution. That's not an entry. That's not a management of any position whatsoever. Yes, everything I'm showing you in this
34 00:06:14,850 --> 00:06:25,110 recording, and also pointing to, for the actual recording on May 17 2021, was a paper trade for compliance reasons and legal reasons. I'm not licensed to give
35 00:06:25,110 --> 00:06:34,290 you trade advice, or financial advice. This is just my opinion. And it's meant for you to be stimulated by the idea and go into it and study on your own and
36 00:06:34,290 --> 00:06:42,000 you draw your own conclusions. If you make money, wonderful, you did it on your own accord. If you lose money, you own that too. Neither of those things,
37 00:06:42,030 --> 00:06:49,830 whether it be good or bad, are my responsibility. I'm here talking because I like to talk. If you don't want to listen, fine. If you listen, and you do
38 00:06:49,830 --> 00:06:57,000 something with it, and you hurt you, that's your responsibility to own up to that. If you do something and you make money, take all the credit for it because
39 00:06:57,000 --> 00:07:00,240 you took the initial risk. Hopefully we made ourselves very clear here.
40 00:07:01,890 --> 00:07:13,770 But paper trading proves theory, it proves conceptual ideas are valid. And the rules that I teach in this channel are in this specific day and in this specific
41 00:07:13,770 --> 00:07:26,010 pattern. But the underlying framework is this hourly pullback right here. Now, in this little short term turn here. This is also housing a short term optimal
42 00:07:26,010 --> 00:07:34,590 trade entry. But that's on another timeframe and another discussion for another day. But as we retraced back down in the underlying market structure is still
43 00:07:34,590 --> 00:07:44,070 bullish. The trend is bullish, the momentum is bullish, even though it's starting to retrace, a lot of traders would see this as Okay, we ran above these
44 00:07:44,070 --> 00:07:55,830 relative equal highs. And now it's coming back down to go lower. No, the other one narrative is this is what they're going to aim for. Who is that? The
45 00:07:55,830 --> 00:08:07,140 institutional traders, the Smart Money traders, the non wycoff people. So above here, those buy stops. It's the drawl and liquidity. When this retraces that's
46 00:08:07,140 --> 00:08:16,800 your setup, that's the framework, it's bullish. Now, we want to see a trade above these relative equal highs. Now initially, if I was 20 years old, and
47 00:08:16,800 --> 00:08:25,440 starting all over again, I would want to take something ahead of these relative equal highs, because I'm going to grow as a developing trader, and this is all
48 00:08:25,440 --> 00:08:36,360 pantomiming. You know, hypothetically speaking, I'm obviously a developed trader, and no longer early developing student of the market. But I would go
49 00:08:36,360 --> 00:08:47,580 into it trying to take an exit just ahead of these highs being taken out. That's what I'm framing here. Okay. Even though the arrow up here shows that it's on
50 00:08:47,580 --> 00:08:59,160 this candle, don't let that misinterpret where the exit was, the exit was actually below 2180. And it was just a simple 30 PIP run. We'll talk about that
51 00:08:59,160 --> 00:09:08,010 when we drop down to a lower timeframe. But for now, just know that if I was 20, in developing I would trust getting out just ahead of these relative equal
52 00:09:08,010 --> 00:09:18,150 highs, because that would be the first stepping stone to learning how to do partials. partials are taking partial profits and allowing a portion out before
53 00:09:18,150 --> 00:09:27,000 these highs are taken out and then holding for something that may or may not happen. But it does obviously here in hindsight, you can see it, but I like to
54 00:09:27,000 --> 00:09:35,700 teach conceptually and with examples with logic that is understandable, even though it may be long winded at times. But if you want to learn something, don't
55 00:09:35,700 --> 00:09:44,520 you really want to know all the intricate components and the subtle nuances that make you excellent at doing it not just here, I'm gonna show you a magic trick.
56 00:09:44,670 --> 00:09:50,460 And you watch it one time you think you know how to do it and you go over and try to show your friends and you blows up and you get embarrassed. Okay, you
57 00:09:50,460 --> 00:09:57,990 don't know how to do what you think you thought you could do. trading is just like that. And you don't want to just look at something and think oh, this is
58 00:09:57,990 --> 00:10:06,030 easy. Let me go ahead and just do the same thing. I just saw this doing a video, you need to put work behind it. And gradually working towards understanding
59 00:10:06,030 --> 00:10:15,810 taking partials is, again, a graduated process, you don't simply know where you're gonna take a partial. So you want to start initially, and this is how I
60 00:10:15,810 --> 00:10:23,160 would do it all over again, is I would train myself to take something ahead of where my actual target was. Now, some of you would say, Well, that doesn't make
61 00:10:23,160 --> 00:10:32,790 any sense. Because why have a target and not hold for it, because you don't know. And as a developing student, you sure as hell won't know, if these highs
62 00:10:32,790 --> 00:10:40,680 are going to be taken at any time during your trade, it might come back and hit your stop if you don't have to do trade management and stop placement. So all
63 00:10:40,680 --> 00:10:49,170 these things have to be balanced. And that's why I talk a lot in the videos because I'm not trying to waste my time, I want you as my students here and
64 00:10:49,170 --> 00:10:58,200 those that want incline their ear to my teachings. I want you to learn, I don't want you to learn it properly, I don't want you to learn from somebody else that
65 00:10:58,200 --> 00:11:06,930 thinks they know what I do, because they know some of my lingo, my language, my vernacular, that doesn't equate to understanding how to do it, actually. And
66 00:11:06,960 --> 00:11:11,550 that's really what I'm trying to press upon you in these videos, not just this one, but all of them.
67 00:11:15,330 --> 00:11:27,750 Now here is again, a snapshot of may 17 2021. And I have not taking any trades since that day. All of this was pre designed, I was using it for this teaching
68 00:11:27,750 --> 00:11:37,680 series, I've not blown the account, have not added more wins, I have not taken any losses, I'm just showing you that this is the actual in and out the orders,
69 00:11:37,710 --> 00:11:51,450 what time they failed, what time they executed everything. Okay? So there was a stop placed. When the stop was canceled. It's not because I closed stop or get
70 00:11:51,450 --> 00:11:59,760 rid of the order. It's because the sell limit order triggered when that triggers that cancels your stop. So I didn't cancel the stop ahead of the trade and then
71 00:11:59,760 --> 00:12:06,990 trade without a stop, watch the video that's going to be linked in the description below this video on YouTube. And you'll actually see a stop there,
72 00:12:06,990 --> 00:12:18,870 it's managed and using the rule based ideas I teach in part two of this series.  So with that, let's continue. Alright, so we were back to this chart here. And I
73 00:12:18,870 --> 00:12:30,180 want you again focus on this area right in here. And you'll see that price swing from this low to this high down to that low. That is the framework for optimal
74 00:12:30,180 --> 00:12:43,710 trade entry. It's optimal because it's within a larger area of potential running of buyside liquidity. So this high did not break that this retracement only sets
75 00:12:43,710 --> 00:12:51,750 up an opportunity to get long, and ride that to a run above these relatively equal highs. You do not need it to run above those relative equal highs to be
76 00:12:51,750 --> 00:12:59,640 profitable. That's the major point as a developing student. If I was 20 years old, and trying to teach myself patience, I get a lot of questions even from my
77 00:12:59,640 --> 00:13:07,530 mentorship students, how do I develop patience because I put a trade on. And I just want to get out when it's having just a little bit of profitability. And I
78 00:13:07,530 --> 00:13:14,760 just want to get out like the pressure. That's because you're trading with money that you should not be trading with and you don't know what you're doing yet.
79 00:13:14,910 --> 00:13:23,130 You haven't conditioned yourself to desensitize yourself to doing the same things over and over and over again and not being dependent on the result being
80 00:13:23,130 --> 00:13:32,490 positive every single time. That's the purpose of back testing, training, your perception of what these patterns look like over a long period of time, not just
81 00:13:32,490 --> 00:13:41,820 one sample set of a week or a month, it's six months. And you'll see how many times it fails and how many times it works. And using a rule based idea. You'll
82 00:13:41,820 --> 00:13:51,090 see that if you're looking for a framework of three to one or higher, but three, one minimum, even if you have losing trades, and I'll talk a little bit about
83 00:13:51,090 --> 00:14:03,060 that also in this video, they can be overcome and canceled out by a long series of more profitable trades than not profitable. Alright, so we're going to zoom
84 00:14:03,060 --> 00:14:11,700 in a little bit here and I'm going to draw your attention to this candle right there. Now notice this candle has another lower candle and another lower candle.
85 00:14:11,700 --> 00:14:20,460 So all of my bearish candles are always a Black Candle. In both candles, I represent that with a green candle. So whenever we have consecutive down close
86 00:14:20,460 --> 00:14:31,830 candles, after a major run like this, that takes out a short term high. Okay, if that happens that makes this a high probability bullish order block. Now I'm
87 00:14:31,830 --> 00:14:39,720 gonna repeat that again. We're in a bullish market structure. We have this level up here that it may reach for it we don't know for certain but it's likely to
88 00:14:39,720 --> 00:14:52,170 occur. This level is that relative equal high on the hourly chart that was shown before I zoomed in. This high being taken out here on this candle. Your eyes
89 00:14:52,170 --> 00:15:03,150 should drop right back down to these three consecutive candles. It's high and it's open. Those two levels are empty. draw that out in time, you can see the
90 00:15:03,150 --> 00:15:12,540 market does in fact, trade back down into it. It overshoots it by a little bit, but that's okay. Because if you look at a sample set of different brokers price
91 00:15:12,540 --> 00:15:22,680 feeds, this candle is going to have a lower low or higher low, it's going to be slightly off. But does it make a difference? Because if you have the high and
92 00:15:22,680 --> 00:15:33,900 the open, that's your range you're working in. So how do you use that you use the highest level and add a couple pips to it for your spread. And if it trades
93 00:15:33,900 --> 00:15:41,970 down into that, that would be a bullish opportunity for an entry. I don't require the best entry because sometimes that doesn't offer you an entry on a
94 00:15:41,970 --> 00:15:51,210 limited basis. It might trade just to that level, and your limit may not trigger because of your broker's spread, or it may not go to it exactly and just miss
95 00:15:51,240 --> 00:16:02,370 the opportunity. Again, your limit order not tripping, you ended a trade. So you want to use the highest easiest entry and allow for trade management to work a
96 00:16:02,370 --> 00:16:10,950 stop that respects this level as well. So we have this optimal trade entry with a bullish order block. And we're looking for price to run higher.
97 00:16:13,380 --> 00:16:23,040 The optimal trade entry is sound from this high, this low. And here's your 62% retracement level and a 75 cent trades level. This is just to highlight a
98 00:16:23,070 --> 00:16:34,290 oversold condition relative to this range low in this range high. The Fibonacci is not the answer. Okay, it's not the magic. It's not the silver bullet. It's
99 00:16:34,290 --> 00:16:44,850 just a graphic visual representation of a short term oversold condition relative to a specific dealing range. What is the dealing range to dealing ranges this
100 00:16:44,850 --> 00:16:55,980 low in this high it's retracing back down in our belief is that there's not going to go below here. Our confidence is that we've done six months of back
101 00:16:55,980 --> 00:17:06,750 testing we've seen this pattern over and over again. And with this logic with momentum bullish and underlying bias that liquidity pool that's most likely
102 00:17:06,750 --> 00:17:16,080 going to be drawn to price is probably gonna reach up there. Any retracement lower with this structure. And if it's occurring at a time of day between 830
103 00:17:16,080 --> 00:17:28,350 and 11 o'clock in the morning, New York time. This is optimal trade entry. Now, that is my pattern. That's my optimal trade entry. That's ot e Okay, I CTS
104 00:17:28,380 --> 00:17:38,400 optimal trade entry has all of those signatures, not just find a low find a high and in whatever their 62 or 70 amps Chase Mobile, if it goes there, it's a buy.
105 00:17:39,150 --> 00:17:49,560 That's what trolls and neophytes think they think that I'm trying to say I invented the three quarter pullback, okay, or that I invented this. No, I
106 00:17:49,560 --> 00:17:59,460 didn't, I never claimed that. Okay, the structure of how I use it in all these things that come together, where it runs for liquidity, all of that together is
107 00:17:59,460 --> 00:18:06,180 mine, you don't find that in print. It's not in anything else. No one's talked about until I mentioned it. And that gets on there a lot of people's skin, but I
108 00:18:06,180 --> 00:18:13,830 don't care. I repeat it because there's too many new people coming into this business falling as a sucker to all these 20 year olds that pretend that they
109 00:18:13,830 --> 00:18:23,220 learned it from wycoff. Or they invented it themselves, they didn't just take a closer look inside of all this. Alright, so we're zoomed in here on a 15 minute
110 00:18:23,220 --> 00:18:35,520 timeframe. And the Fibonacci is laid across this low to this high and the 62% retracement level and the seventh level is shown here respectively. And then we
111 00:18:35,520 --> 00:18:43,560 have that optimal trade entry with the order blocks. So there's a lot of converging things here, that line up for something that would be otherwise
112 00:18:43,620 --> 00:18:57,150 viewed as bullish. If we look at how price shows this optimal trade entry, and then using the level here, and I've shown this in my optimal trade entry pattern
113 00:18:57,150 --> 00:19:04,020 recognition series, so if you want to see the levels I have for my fib, you can find it there. And you can also find another alternative way of setting up your
114 00:19:04,020 --> 00:19:13,680 fib with the OT e primer, I'll leave it up to you which one you like. But the one that I actually use predominantly is the one I show in my optimal trade
115 00:19:13,680 --> 00:19:26,070 entry pattern recognition series. Okay, so that's where you're going to find these levels. We have the short term high here, when the market trades down in
116 00:19:26,070 --> 00:19:37,140 on this candle. I'm entering a long I'm entering on it because we've already seen willingness to want to rally here. And it's trading back down into this
117 00:19:37,140 --> 00:19:48,690 down close candle which is a bullish order block. So I have a lot of things lining up that post the likelihood of a run above this short term high and maybe
118 00:19:48,690 --> 00:19:58,590 that relativi kowhai on that hourly chart, which is up here. So there's two pools of liquidity by silica here and by liquidity here as a developing student.
119 00:19:59,520 --> 00:20:08,340 You We're not going to always have the confidence to get out here. That has to be a graduated learned skill set. But we have a short term by liquidity pool
120 00:20:08,340 --> 00:20:19,500 here that if we can run above that, and get me three to one odds, if it pays out three to one, that's good. And then I'll watch and study does it give me the
121 00:20:19,500 --> 00:20:29,850 opportunity to see what runs above this massive equity pool here. This is the relative eco high. This is just the short term high. I don't need it to go above
122 00:20:29,850 --> 00:20:43,170 here to be profitable three to one, my entries here on this candle, and my exits here, three to one, I'm risking 10 to get 30 and risking one to get three and
123 00:20:43,170 --> 00:20:52,260 risking 50 bucks to make 150 bucks, however way you want to slice it. That's what we're working with as a minimum criteria. So I can't take the optimal trade
124 00:20:52,260 --> 00:21:03,540 entry trade in New York, unless it gives me the framework that if it runs about three to one, and it fits logically, in this context like this, if it goes above
125 00:21:03,540 --> 00:21:12,900 an old high, I'm bullish, or goes below love, I'm bearish, and offers three to one. That's the trade I'm going to take. If it can't offer me that.
126 00:21:13,650 --> 00:21:21,330 And say the optimal trade entry forms a little bit higher up, and it doesn't really offer me three to one, I have to let it pass. It doesn't mean I won't pay
127 00:21:21,330 --> 00:21:30,480 per trade it or, you know, on paper, I'd say I could take this trade and see how it would pan out. But I wouldn't have that much conviction behind the results
128 00:21:30,540 --> 00:21:40,650 and attribute that much to it because it would be a trade that I would never really take or enter. So there's a measure of differentiation between looking at
129 00:21:40,710 --> 00:21:50,940 movements in price where you would engage and actually try to enter, which is three to one or higher. And those that don't quite fit that criteria, but you
130 00:21:50,940 --> 00:22:00,720 want to still study and observe it because it further solidifies the need for role based ideas. And it will teach you how using three to one as a minimum
131 00:22:00,720 --> 00:22:07,440 criteria. That is ideal, because over time, your losses will be overcome by the wins.
132 00:22:13,290 --> 00:22:23,400 Okay, we're zoomed down into a five minute chart, this is the timeframe I used in the recording on May 17 2021. And this is the actual candle right there. So
133 00:22:23,400 --> 00:22:32,430 as it was trading back down in and touching this down, close candle. So now see all the layering. There's a bullshitter block, there's another lower timeframe,
134 00:22:32,430 --> 00:22:40,410 bullish order block, and then there's a lower timeframe bullish order block. And now we're doing it again here. So that is the fractal nature of using order
135 00:22:40,410 --> 00:22:49,620 blocks. It isn't just pick one timeframe that order boggling works in its understanding the logic, this low here already shown a willingness to send price
136 00:22:49,620 --> 00:23:00,420 higher, we retraced so when we have price running back down into the previous down close candle there, as it was going lower I'm buying, I'm going long as the
137 00:23:00,420 --> 00:23:10,080 candles going down as a developing student that doesn't feel natural, it feels a little uncomfortable. And you have to overcome that by going through copious
138 00:23:10,080 --> 00:23:21,660 examples of looking at back tested data, looking at hindsight moves, and seeing how many times it forms. And seeing it so many times you burn it into your
139 00:23:21,660 --> 00:23:32,880 subconscious, then practicing going forward. After six months, this is the stage I'm in hypothetically, and I'm pantomiming with you here in this video. For part
140 00:23:32,880 --> 00:23:46,530 three, I'm pretending to be a six month versed, back tested student. And I'm now starting to practice doing entries. That's the timeline. That's the ideal ICT
141 00:23:46,560 --> 00:23:56,370 approach to learning from this YouTube channel. If you try to do it faster, you will not get the results you want. You will rush you will try to put money into
142 00:23:56,370 --> 00:24:03,660 an account because you're gonna hear other people say you got to put a little bit of skin in the race. No, because if you don't know what you're doing, you're
143 00:24:03,660 --> 00:24:17,370 just fortifying bad habits, toxic thinking and you're only guaranteeing you're going to be fearful or greedy. And either one of those two demons will overtake
144 00:24:17,370 --> 00:24:25,110 you. And you'll never be where you want to be at because you won't have the experience to say I'm going to stay with it even though I'm not doing well.
145 00:24:25,560 --> 00:24:34,290 Because you have lost money. It's one thing for you to have your pride and ego hurt because you're learning how to do it and you didn't lose any money. But
146 00:24:34,290 --> 00:24:46,050 when you add money to it, all that does is add a very clear punctuation at the end that not only is this painful, but it's costly. And do I really want to
147 00:24:46,050 --> 00:24:57,900 spend more time doing this stuff. If it's taking money out of my pocket. It adds to the the hurdle that you got to leap over. It increases the height of a
148 00:24:57,900 --> 00:25:08,010 mountain that you think it is to climb To get to successful consistent trading, so you have to strip it down to that elementary stage of, it's just writing
149 00:25:08,040 --> 00:25:18,780 alphabets. over and over and over again, it's a small, little simple task, it doesn't take anything from you. But over time, it builds in a perception of
150 00:25:19,080 --> 00:25:27,090 character recognition, which is pattern recognition in trading, we have a time window here 830 in the morning, to 11 o'clock in the morning, New York time,
151 00:25:27,210 --> 00:25:39,780 it's always New York local time. The first run into that order block the opening price on the hourly chart, it bounces off of that, then we have a down close
152 00:25:39,780 --> 00:25:48,180 candle here, we ran above it, and then the next candle, we trade down into it right there. I'm going long there. I don't need this entry. And I don't need
153 00:25:48,180 --> 00:25:59,190 this entry. Because the overall context is I still have enough entering here, that if it runs above this level, and gives me an accent here, that's 30 pips,
154 00:25:59,640 --> 00:26:08,910 that's three to one. And I don't need this level to be traded through. But I'm going to watch and observe it and train myself by experience to see this occur.
155 00:26:09,420 --> 00:26:21,180 And then by conditioning myself with real examples, walking forward in a paper trading account, not live funds. Lie funds comes in another six months later.
156 00:26:21,660 --> 00:26:30,480 Okay, now, let me slow you down. Again, because you're all thinking, all I got to do is do six months, I can do that. Now. No, you're going to study back
157 00:26:30,480 --> 00:26:42,840 tested data for six months, then you're going to walk forward in paper trading, or demo trading for six more months. That means that you can't touch a Live
158 00:26:42,840 --> 00:26:53,460 account for a full year. Some of you are wanting to turn the video off and go to the next mentor, do it. Because I promise you, you will be back here. You will
159 00:26:53,460 --> 00:27:00,390 be back here when you taste all the other garbage, that everybody else is trying to sell you the Instagram stuff, all that stuff. Forget about all that stuff.
160 00:27:01,020 --> 00:27:08,340 Because that's not going to get you where you want to be at right here is home.  You don't have to believe me now. Go out there and taste the slop everybody else
161 00:27:08,340 --> 00:27:10,980 has given you watching when that fails.
162 00:27:11,100 --> 00:27:20,580 Watch when you fall victim to all that glitz and image in materialism. And I have all that stuff, but you never see it. I have the wizardry here in the
163 00:27:20,580 --> 00:27:33,720 charts. And this is how you get it. You learn it this way. You don't learn it by looking at rented cars. period three, one entering inside of a specific time
164 00:27:33,720 --> 00:27:43,980 window the day, how incredibly convenient. Now you can structure a business model around the time of day. When are you looking to do a trade? If you're new?
165 00:27:44,010 --> 00:27:52,140 You have no idea. You're looking at all these candles? Like how do I know when to do anything? You have a window of three and a half hours. Monday through
166 00:27:52,140 --> 00:28:02,070 Friday? What are you gonna do? You're gonna try to trade at 1230 and afternoon New York time? No, you're gonna get up early and trade London. No, you don't
167 00:28:02,070 --> 00:28:13,890 have to. But there's some good news in London. So what? There's good news on Sunday, sometimes too, I'm not worried about that. It's narrowing your focus to
168 00:28:13,890 --> 00:28:23,280 the best of the best of the best. That's what this process will do for you. But if you don't believe me, then you're never going to do it. And you're never
169 00:28:23,280 --> 00:28:32,460 going to see it for yourself. But once you submit to this process, you'll see it. And then you'll regret never having done it sooner. or listening to
170 00:28:32,460 --> 00:28:39,990 everybody else's excuse why? My stuff's over complicated. Because none of this stuff is complicated. I'm stripping this down to a way where you all have no
171 00:28:39,990 --> 00:28:50,580 excuse that you all can quit your job in 36 months, three years, if you know how to do this, and you have two years behind you and you invest respectable amount
172 00:28:50,580 --> 00:29:01,710 of money and consistently do it. And you have a real nice return every single month. Yes, you'll have losing trades. You can still carve out a career. Now
173 00:29:01,710 --> 00:29:11,970 will you be making $200,000 a year. I can't promise that I can't promise any amount. But can you do it 36 months from the beginning stages of use submitting
174 00:29:11,970 --> 00:29:20,670 to this process and not requiring to live on a paycheck that's given to you by someone that tells you when you're no longer needed. You don't want an employer.
175 00:29:21,330 --> 00:29:32,850 You don't want a job and you don't want a paycheck. You want your own way, your own path. And that's all I'm offering. If he just listened to me, this is
176 00:29:32,850 --> 00:29:42,900 exactly how I would do it all over again. And in 36 months, I will be retired again. Nobody else is teaching like this, because nobody else is rich. Nobody
177 00:29:42,900 --> 00:29:51,300 has also made millions. Nobody else knows how to do it. Nobody else does executions. Nobody else proves this theory before it happens and outlines it
178 00:29:51,300 --> 00:29:59,340 like I do. So you're welcome to disagree with what I'm saying. You're welcome to have the opinion I talk too much. You're welcome to have all of these
179 00:29:59,340 --> 00:30:07,530 conjectures. Why does he not do it with a Live account? Why does he do this? And why does he show his cars? And why doesn't he do this and that focus on the
180 00:30:07,530 --> 00:30:14,790 things I'm teaching you because these are the only things that matter what I drive and where I sleep, has no bearing on how much you're going to make, or how
181 00:30:14,790 --> 00:30:27,120 fast you leave your job. This process works is exactly what I would do if I had to start all over again at 20 as a neophyte. And given just the information that
182 00:30:27,120 --> 00:30:36,720 this YouTube channel has. This is exactly what I'll be doing, focusing on this tiny little window of opportunity. Specifically, on Monday, Tuesdays and
183 00:30:36,720 --> 00:30:49,800 Wednesdays, I wouldn't touch on Thursday, I wouldn't touch a Friday. What am I talking about the weekly range bias that I teach on this YouTube channel. So if
184 00:30:49,800 --> 00:30:58,350 I'm bullish, I'm looking for a Monday, Tuesday or Wednesday trade between 830 and 11 o'clock in the morning, New York time, if I don't get it, I don't trade.
185 00:30:59,160 --> 00:31:08,100 If I miss the entry, then I wait. If it doesn't give me to me on Tuesday, then I try one more time on Wednesday. And if I don't get it Wednesday, I don't take
186 00:31:08,100 --> 00:31:19,980 any trades that week, I lost nothing. I invested some time observing and watching. But that's experienced now I have. If I'm bearish, I'm looking for
187 00:31:19,980 --> 00:31:32,490 shorts. Just everything that's shown here will be reversed. On Monday, I'd look for short between 830 and 11. Or Tuesday, I look for short between 830 and 11.
188 00:31:33,000 --> 00:31:45,000 Or Wednesday, I'd look for short between 830 and 11. Thursday and Friday, Saturday and Sunday, they're off days. Now think about that. Think about it,
189 00:31:45,300 --> 00:31:55,890 that's three and a half hours a day. But if you get your one weekly set up, that gives you your weekly payout of three to one or more. Again, it's just the
190 00:31:55,890 --> 00:32:05,400 minimum criteria three to one, you're gonna see that there's opportunities that offer more than three to one, it could be five to 161, eight to one in the same
191 00:32:05,400 --> 00:32:05,850 day.
192 00:32:10,890 --> 00:32:20,010 But you won't observe them until you get used to seeing what they look like. And you find that by looking at it for six months in hindsight, and you study that.
193 00:32:20,430 --> 00:32:29,160 And once you get a feel for what it looks like in hindsight, then you start testing it, walking forward with it, and you grow in your understanding and your
194 00:32:29,160 --> 00:32:38,760 patience. And then over time, you're going to learn that you're going to take something off ahead of this just above this high, and then leave a portion once
195 00:32:38,760 --> 00:32:52,050 it runs above that, then you close the trade. That's doubletap take something off. Oh for hire position exit if you're bullish, or hold for a lower position
196 00:32:52,050 --> 00:33:05,700 exit. If you're bearish to take profits, once a partial. The other one is your final clothes. You grow into that next level of understanding retargeting. So
197 00:33:05,700 --> 00:33:14,040 I've already covered how I would filter out my trades. I've already covered, what time of day and what days I would trade. Wrong. I'm looking at Euro dollar.
198 00:33:14,400 --> 00:33:21,870 I'm not complicating it by adding different payers, I'm not even talking about cable. British Pound hasn't even entered the conversation or chat. haven't
199 00:33:21,870 --> 00:33:40,350 talked about Dollar Index. How easy is this is extremely easy. In that little area right there. That's my entry. In my mind I'm submitting to, I don't care
200 00:33:40,350 --> 00:33:49,710 how long it goes sideways. I'm holding for here. And it might go up here, but I don't need it to because 30 pips is just below. And that's three to one that
201 00:33:49,710 --> 00:34:03,420 gets me out. I'm training myself to be content with profits not being right, right is going above this level here. Notice that the idea was initial draw I
202 00:34:03,420 --> 00:34:16,620 was on that relative equal high on the hourly chart. That is the right. I don't need right to be profitable. I need to be profitable. profitable is it's moving
203 00:34:16,620 --> 00:34:22,950 in my favor. It's offering me three to one. I don't know at that time. At that time. I don't know if it's going to trade above there. It could go right to that
204 00:34:22,950 --> 00:34:33,210 level and come back down, clean this out and scare me on the trade. Remember, I'm going to developing student you have to be realistic. I'm trying to make
205 00:34:33,210 --> 00:34:40,530 this as realistic as I possibly can. I'm giving you all the possible curveballs that could happen. And you have to know these things. These are pitfalls when
206 00:34:40,530 --> 00:34:48,330 you're developing. If you don't have a mentor that's gone through it themselves and found consistency. You're never going to learn how to do this yourself. It's
207 00:34:48,330 --> 00:35:01,590 too easy to paint this too. It's so easy. Anybody can do. It's so easy. forex is so easy and they never execute a trade. You never see them managing anything.
208 00:35:02,700 --> 00:35:12,630 All I'm trying to do is show in strong contrast, what it's like when you know what you're doing, versus what everybody else does here on YouTube, and
209 00:35:12,630 --> 00:35:22,620 Instagram, and discord, and telegram. And that's why I'm not like, that's why I'm trolled. You keep the focus on your development, you keep the focus on the
210 00:35:22,620 --> 00:35:28,620 things I'm teaching you to do, because you'll find out really quick, if what I'm teaching is real, or if it's fluff.
211 00:35:35,280 --> 00:35:45,810 This right here is one optimal trade entry. If you're looking at optimal trade entry alone, this would have been an entry there. I missed this by timing,
212 00:35:45,930 --> 00:35:54,930 putting the chart on, I didn't see it as it formed. So when it traded back down in this order block with this underlying framework here, that's what I was
213 00:35:54,930 --> 00:36:03,000 basing it on. Remember, this whole run up here was an hourly auto trade entry, then you have a smaller one here. So this is a fractal of what I showed you on
214 00:36:03,000 --> 00:36:10,800 the hourly chart, remember, this is five minute now. So this initial run up and then down, that's the optimal trade entry only hourly, then we had this small
215 00:36:10,800 --> 00:36:18,060 little run here, that's an optimal trade entry as well, within a larger one that's really bullish. But I missed it there, I didn't have the chart open at
216 00:36:18,060 --> 00:36:25,260 the time. So when it traded back down in, I'm using this order block, because I want to be positioned on the logic that's used from this low to this high to
217 00:36:25,260 --> 00:36:37,530 that low. I'm trusting that. Why because it's occurring inside of that window of New York session 830 to 11 o'clock in the morning. So this run here, this is the
218 00:36:37,530 --> 00:36:48,000 ideal entry. Yes, for ot purposes during New York, because this is ahead of New York. 830 starts here, so it's a little ahead of it. So this is the first
219 00:36:48,000 --> 00:36:59,430 opportunity to go ot bullish high odds in your favor. And I use the context of the bullish order block there. In the recording on May 17 2021. You watch me do
220 00:36:59,430 --> 00:37:08,820 this one here. And I say this is a live call, that's a buy. As it's trading right down and I label it using trading view, I type it out, that's a buy,
221 00:37:08,850 --> 00:37:18,420 that's the New York session buy, it's from this low to this high down in. But before that one occurs, you have this one as well, you have this low to this
222 00:37:18,420 --> 00:37:31,770 high down in, that could be a buy too. There's nothing wrong with that. And then you have this one as well, here to here, and that would be in this entry. But
223 00:37:31,770 --> 00:37:40,200 now when you have this, you have to use this low in the context for your stop.  So it doesn't need to go completely below that low. You can go just below these
224 00:37:40,200 --> 00:37:52,500 bodies of these candles here and put your stoplight right in there. My stop initially was 121 35 and three pipettes you see it in the trade from entry.
225 00:37:53,160 --> 00:38:03,630 through the whole process, it's being managed with the rules that I gave you in part two of this series. That's how I use that stop. It teaches you proper trade
226 00:38:03,630 --> 00:38:13,230 management and stop management. Nobody has a real clear idea on how to manage a stock. That's why everybody that's learning from everyone else is either getting
227 00:38:13,230 --> 00:38:22,290 stopped out even if their trades are, well, let's not call it profitable. Let's say their trades are right in a direction and say they had a pretty good entry
228 00:38:22,290 --> 00:38:30,090 point. They don't know where to put their stop loss. And they put it up there too close to their open profit or where the market is trading now because they
229 00:38:30,090 --> 00:38:39,510 don't want to have a losing trade. And that's what you have to overcome. And the only way you overcome that is seeing how the back tested. data shows that this
230 00:38:39,510 --> 00:38:55,290 logic is strong. This kung fu that I'm showing you is strong. This is all algorithmic. These things repeat every single day. Not every single day do you
231 00:38:55,290 --> 00:39:05,700 get three to one eight to 110 to 112, the one but the ones that do offer three to one. That's what you look for. That's what you focus on. And if you do that,
232 00:39:05,700 --> 00:39:19,590 I promise you, I promise you, you will have all that you need to leave that job.  Change the financial destiny of everyone in your family tree after you and
233 00:39:19,590 --> 00:39:27,870 you'll only have regret because you didn't listen to me sooner. Until next time, I wish you good luck and good trading