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Version 1.1 by Drunk Monkey on 2020-11-20 16:44
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3 ICT: Okay, folks, welcome back. This is the last volume,
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7 volume three of
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11 mastering high probability scalping. And this is dealing
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15 specifically with previous date bank liquidity runs.
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19 Right? For some of you, this is gonna be a little bit of a
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23 rehash, but
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27 it's necessary. So my decision is, whenever I refer to power
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31 three, what I'm referring to is the three components that
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35 make up generic price action. That's the accumulation phase,
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39 where long or short positions are accumulated, then a
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43 manipulation stage where price goes the opposite direction
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47 to what the intended future direction will actually be. And
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51 then there's a range expansion and then a distribution.
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55 But we use this concept is when the daily bias is bullish.
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59 We're gonna be confirming the London session was in fact
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63 bullish. That means that we see a measure of bullishness
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67 after a attempt to go lower was rejected and price has seen
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71 a rally. This would be enough for me, coupled with the daily
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75 bias being bullish. Can you simply wait until 7am New York
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79 time to stock your long entry? between 7am and 9am New York
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83 time. Typically the setup will form after 7am New York time,
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87 you're going to be waiting for a price retracement lower New
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91 York session will retrace typically from a swing high
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95 intraday that was formed for the daily high or a short term
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99 high during the London session ideally, you won't be
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103 selecting retracements of at least 20 pips or lower. If no
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107 retracement of 20 pips forms by 9am walk, that means cut
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111 they don't try to take any trades if you're exceedingly
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115 bullish if you see a retracement of 10 to 15 pips, sometimes
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119 this is enough during this key time of day for a optimal
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123 trade entry long. If it does form, enter on the 62%
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127 retracement fib as it drops lower Expect price to retest the
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131 high of the day or the previous day's high. And then look
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135 for targets one, two and symmetrical price swing on the
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139 fifth.
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143 You see, here's an example. And I have a vertical line here.
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147 This is delineating seven o'clock in the morning, New York
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151 time or the beginning of the new york session. And price
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155 creates a bounce in the pre New York session, but it's an
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159 exceedingly large retracement. And I'll talk more about that
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163 when we mentioned how time or anticipate reversals but after
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167 7am, which is that vertical line? We have a retracement of
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171 20 pips. Actually, it's a little bit more than 20 pips here
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175 but this is a really good setup. Price trades down into the
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179 optimal trade entry and a beautiful market run. Now looking
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183 at power three, gamma we're looking at the accumulation
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187 phase. In this case it'd be the accumulation of short
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191 positions and the manipulation phase where price runs up
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195 higher during London, knocking out individuals that would
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199 already be short and putting those individuals on the wrong
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203 side trying to go long and then a nice move lower if we see
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207 this occurring, while at the same time the daily bias is
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211 bearish. This is good. And again to confirm the London
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215 session being bearish. We want to see price move above the
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219 opening price at midnight New York time if that occurs, and
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223 price rejects, that goes lower and trades 25 to 30 pips
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227 lower at least minimum for the US logon session that would
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231 indicate at least the expectation that New York sessions
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235 should present a continuation idea or bearishness. Now
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239 obviously you want a little bit more movement beyond 30 pips
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243 or so for one session, but nonetheless, you want to see that
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247 if you're staying up and you don't want to trade London
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251 teaching primarily the New York session for the scalping
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255 model. But if you see the reasons to justify a bearish
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259 London session, that means again, primarily with an open at
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263 night, New York time and attempt to rally and rejecting that
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267 and trading significantly off that now again, what
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271 significant 30 pips or more and going into the New York
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275 session, I want to I want to dissipate the following
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279 criteria. When are we waiting for 7am New York time to stock
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283 our show position between 7am and 9am New York time it
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287 usually will form after 7am New York time, really waiting
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291 for a retracement. New York session will typically retrace
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295 from a swing low now what swing low the swing low that was
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299 formed in the London decline. The initial decline wants to
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303 start to retrace when we move looking for price to move
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307 higher ideally we're gonna be selecting retracements of at
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311 least 20 pips or more if it retraces higher if no
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315 retracement of 20 pips forms by 9am we're going to be
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319 cutting bait or basically walking and we'll be looking for
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323 another opportunity the following day. If it does form,
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327 we're looking to enter at the 62% retracement level as it
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331 rallies up again. important that we want to be selling short
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335 as price goes up Higher we'll be anticipating and expecting
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339 price to retest the low of the day or the previous day's low
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343 and or targets one, two and eventually symmetrical price
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347 swing on the fifth. Here's an example here. And again, the
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351 vertical line delineates the 7am. marker for the New York
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355 session. So immediately after that, we're going to be on
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359 watch for a retracement higher of at least 20 pips. Now,
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363 again, if you're having very strong convictions about the
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367 market being very bearish, you can anticipate a optimal
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371 trade entry form at 15 pips or so you can get really
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375 aggressive if you're on a five minute chart and take 10 PIP
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379 retracements if you're extremely bearish, but that's going
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383 to be for folks that have done this for a while and has
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387 developed a measurable
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391 amount of experience, I guess, looking for the word that
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395 would best suit it, but experience is going to dictate that.
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399 But to avoid false setups, it's better to wait for at least
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403 the 20 pips move higher in this case for short for optimal
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407 trade entry, but the key is waiting for a 20 PIP rally after
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411 7am New York time while the New York session is anticipating
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415 a continuation lower what we're seeing in London, so onwards
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419 if we're looking for bearishness to continue from a week
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423 sell off in overnight trading in London, we'll be looking
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427 for a retracement at 7am New York time to get a short term
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431 overbought condition and that's going to be capitalized on
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435 by an optimal trade entry short trading short at 62%
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439 retracement level and then looking for the intraday low. It
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443 was formed to be retested and or the previous day's low.
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447 After that we'll be looking for, again targets one, two and
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451 symmetrical price swing on the fib. Now, if you don't know
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455 what those levels are on your fib, and you're watching this
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459 video for the first time and have never seen any of my other
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463 work, if you go and look at my YouTube channel, inner circle
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467 trader, it will obviously show you a optimal trade entry
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471 primer and I'll show you how in that video how to set your
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475 Fibonacci up so you can see the levels I'm referring to.
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479 Okay, when to expect reversals when the hourly or 60 minute
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483 chart trades to an obvious old high or old low, that has
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487 shown a clear willingness to reverse price before in the
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491 past, okay, when it's obviously seen a reaction that pushes
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495 price the opposite direction once it's been traded to it.
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499 This is most likely going to repeat itself. Now, sometimes
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503 price will not respect an old, high or low. And these
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507 generic support resistance levels will give away and we
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511 never really know for sure. So I know what you're going to
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515 ask me is, how do I know if the old low or high is going to
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519 hold price? and cause it to reject and go lower or higher?
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523 And the answer that question is, I don't know that. Think
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527 about that. It's probably unsettling. Now. I know. Some of
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531 you want to have that answer. And I wasted years believing
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535 Alli find it. And I found out you don't need to know that.
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539 Sometimes you're gonna mess up. Sometimes it's gonna be
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543 wrong and sometimes gonna get stopped out. And it is what it
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547 is. You cannot escape it, you're going to lose money, you're
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551 going to lose on trades, and there's no reason to worry
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555 about it. Now, it's far better to expect them to cause a
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559 reaction, then not to. Why because there's plenty of moving
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563 And price swings between these key timeframes and higher
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567 time frame price points that you shouldn't have to worry
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571 about it. So there's a plethora of setups that will be
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575 forming between the 60 minute reversal points or old highs
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579 and the lows, to not have to worry about it. So here's a
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583 little bit of logic for you. If you knew you're about to
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587 take a trade, and it's going to quickly encounter one of
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591 these reference points on a 60 minute chart, an old high and
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595 old low, where it's shown classic support resistance
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599 characteristics. Maybe that's a trade you don't want to
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603 take. Or if you're going to do it be very, very nimble about
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607 where you're getting out at don't anticipate a run through
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611 that low or that old high. In this example here, and this is
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615 real world examples of done this actual trade based on what
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619 I'm showing you here this week at the time of this
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623 recording. So those endeavors Also follow me on Twitter, you
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627 know exactly what I'm talking about. And you can go look at
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631 my Twitter, you'll see it for November 10 2017. So we have a
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635 old low on an hourly chart here for British Pound USD. And
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639 as price trades back down to it, we would anticipate a
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643 measurable bounce or potential reversal. So that means we
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647 don't really want to be selling short around that time,
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651 because it may encounter some measure of bullishness or at
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655 least an unwillingness to go lower. So if we use a lot that
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659 we may anticipate a rally higher, we can look for optimal
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663 trade entry Long's in the New York session on a reversal
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667 basis, not a continuation of what has been seen overnight in
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671 London. So eventually, if we see that 60 minute chart, move
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675 higher and break a market structure as we've seen here, then
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679 we can look for the following day to do a standard classic
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683 By day, which you'll learn about my tutorials, and the
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687 market trades down gives an optimal trade entry long at the
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691 London open. And like myself here I was only seven pips
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695 away. Four pips if you if you're using the spread from the
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699 very low today, calling about an 80 PIP move or so intraday
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703 and a very, very nice run as a result of it, but the 60
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707 minute charts going to help you fare and filter when the
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711 market most likely will reverse. Okay, money management
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715 while you develop and practice in your demo account, it's
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719 important for you to implement strict risk controls. No, no,
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723 this isn't fun isn't sound fascinating. It's not sexy, but
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727 it really is your only protection. And in this business, you
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731 need everything you can to protect yourself many times from
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735 yourself. If you want to see what can be accomplished, you
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739 need to use sound money management. Now, for this, in many
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743 of my teachings, you're going to see me preaching. Consider
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746 00:14:11,220 ~-~-> 00:14:14,580
747 1% per setup. That means 1% of your total account equity,
748
749 188
750 00:14:15,480 ~-~-> 00:14:19,200
751 and gradually working your way up to 2% if this meets your
752
753 189
754 00:14:19,200 ~-~-> 00:14:21,750
755 risk tolerance, now, I'm not trying to talk you into these
756
757 190
758 00:14:21,750 ~-~-> 00:14:25,320
759 percentages. Many times some of you waxy elect to go with
760
761 191
762 00:14:25,320 ~-~-> 00:14:28,350
763 less than 1%. And there's nothing wrong with that. Some of
764
765 192
766 00:14:28,350 ~-~-> 00:14:32,040
767 you want to be cowboys and want to trade larger than 2%. But
768
769 193
770 00:14:32,040 ~-~-> 00:14:34,620
771 my advice is, if you've not been profitable for at least
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773 194
774 00:14:34,950 ~-~-> 00:14:39,270
775 five years minimum, I wouldn't even venture above 2% is
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777 195
778 00:14:39,390 ~-~-> 00:14:44,700
779 not worth it. Now, it's important not to try to swing for
780
781 196
782 00:14:44,700 ~-~-> 00:14:47,370
783 homeruns or take larger risks to try to grow your account
784
785 197
786 00:14:47,400 ~-~-> 00:14:50,190
787 faster. It's not necessary, it's reckless and you shouldn't
788
789 198
790 00:14:50,190 ~-~-> 00:14:53,790
791 try to do it at all. Over leverage will impede your
792
793 199
794 00:14:53,790 ~-~-> 00:14:56,430
795 development and drastically decrease your chances of seeing
796
797 200
798 00:14:56,430 ~-~-> 00:14:59,910
799 responsible equity growth as well. So if you look at a set
800
801 201
802 00:15:00,210 ~-~-> 00:15:02,430
803 We have here and this is again, it's a setup I actually took
804
805 202
806 00:15:02,430 ~-~-> 00:15:07,020
807 today in the market and November 10 2017. In British Pound
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809 203
810 00:15:07,020 ~-~-> 00:15:12,090
811 USD, the London setup I used and this is a London setup. So
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813 204
814 00:15:12,090 ~-~-> 00:15:16,350
815 I'm not really teaching the application in any new york
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817 205
818 00:15:16,350 ~-~-> 00:15:19,890
819 setup, but it's the same principle. If we are looking for an
820
821 206
822 00:15:19,890 ~-~-> 00:15:21,930
823 optimal trade entry long, and let's assume for a moment
824
825 207
826 00:15:21,930 ~-~-> 00:15:26,400
827 we're trying to buy at 131 20. Our stop loss relative to the
828
829 208
830 00:15:26,400 ~-~-> 00:15:30,480
831 optimal trade entry pattern said would be at 131. Big
832
833 209
834 00:15:30,480 ~-~-> 00:15:34,320
835 figure. So we have a 20 PIP range between entry to stop loss
836
837 210
838 00:15:35,100 ~-~-> 00:15:40,830
839 from a risk base. If we had an account of say $1,000 a very
840
841 211
842 00:15:40,830 ~-~-> 00:15:44,940
843 modest account. And having 1% of that, or risk in dollar
844
845 212
846 00:15:44,940 ~-~-> 00:15:49,080
847 terms would be a total of $10 less, commission, whatever it
848
849 213
850 00:15:49,080 ~-~-> 00:15:53,610
851 is that you'd be paying for your broker. Now that $10 with
852
853 214
854 00:15:53,610 ~-~-> 00:15:57,630
855 20 pips, you divide that $10 by 20 pips and it gives you a
856
857 215
858 00:15:58,110 ~-~-> 00:16:03,000
859 multiple or In this case, your demo leverage would be five
860
861 216
862 00:16:03,060 ~-~-> 00:16:09,420
863 micro lots. Okay, we're about 50 cents per Pip. By having
864
865 217
866 00:16:09,420 ~-~-> 00:16:16,980
867 this, we know that we should not see a larger loss than 1%
868
869 218
870 00:16:17,220 ~-~-> 00:16:20,670
871 or $10. We took the loss, our account will drop down to
872
873 219
874 00:16:20,700 ~-~-> 00:16:25,320
875 $990, give or take whatever commissions, your broker may or
876
877 220
878 00:16:25,320 ~-~-> 00:16:34,200
879 may not charge. If we're trying to trade with this model,
880
881 221
882 00:16:34,590 ~-~-> 00:16:37,380
883 okay, obviously, you've seen many instances where I've shown
884
885 222
886 00:16:37,380 ~-~-> 00:16:42,180
887 help taking partial profits can remove that number one
888
889 223
890 00:16:42,510 ~-~-> 00:16:46,050
891 barrier of being able to hold on to the trade because you
892
893 224
894 00:16:46,050 ~-~-> 00:16:49,620
895 want to make a profit. You're afraid to take a loss and you
896
897 225
898 00:16:49,620 ~-~-> 00:16:53,610
899 want to make money by taking partial profits. And in this
900
901 226
902 00:16:53,610 ~-~-> 00:16:58,410
903 case, it'd be at 131 40. I'm sorry, 131 54 would be our
904
905 227
906 00:16:58,410 ~-~-> 00:17:03,090
907 first profit objective. By taking something off, it removes
908
909 228
910 00:17:03,090 ~-~-> 00:17:07,680
911 that insatiable desire to be right, you've taken something
912
913 229
914 00:17:07,680 ~-~-> 00:17:10,740
915 off, you've reduced risk, but you also gave yourself that
916
917 230
918 00:17:10,740 ~-~-> 00:17:13,170
919 little cookie that little pat on the back, he did something
920
921 231
922 00:17:13,170 ~-~-> 00:17:17,820
923 good. And at this moment, you can choose to do that. Or if
924
925 232
926 00:17:17,820 ~-~-> 00:17:20,910
927 it trades up to target one on your fib, that would be in
928
929 233
930 00:17:20,910 ~-~-> 00:17:25,200
931 this case 131 69. At that moment, then you can move your
932
933 234
934 00:17:25,200 ~-~-> 00:17:28,740
935 stop loss to break even and take no partial, and then try to
936
937 235
938 00:17:28,770 ~-~-> 00:17:31,950
939 reach for target two and at that point, take a portion of
940
941 236
942 00:17:31,950 ~-~-> 00:17:36,540
943 the trade off and then move your stop loss just below 131 54
944
945 237
946 00:17:36,540 ~-~-> 00:17:40,680
947 or where would your top of your fib would be. We've anchored
948
949 238
950 00:17:40,680 ~-~-> 00:17:43,200
951 it on the high point. Now you can move your stop loss just
952
953 239
954 00:17:43,200 ~-~-> 00:17:46,890
955 below that. And then again, consider taking partial profits
956
957 240
958 00:17:46,920 ~-~-> 00:17:49,650
959 at the symmetrical price swing and maybe leave a little
960
961 241
962 00:17:49,650 ~-~-> 00:17:55,020
963 piece on go further or collapse entirely at the symmetrical
964
965 242
966 00:17:55,020 ~-~-> 00:18:01,830
967 price swing the effects of money management And the roles I
968
969 243
970 00:18:01,830 ~-~-> 00:18:09,090
971 have. I've never been, I guess so rigid in the way I do it.
972
973 244
974 00:18:09,210 ~-~-> 00:18:13,410
975 I trade more or less with an impulse with what I feel the
976
977 245
978 00:18:13,410 ~-~-> 00:18:17,040
979 markets telling me and it's hard to digest that. And it's
980
981 246
982 00:18:17,040 ~-~-> 00:18:19,980
983 all based on tape reading and tape reading is, you know,
984
985 247
986 00:18:20,040 ~-~-> 00:18:23,880
987 that's an experiential thing. It's you can't you can't
988
989 248
990 00:18:23,880 ~-~-> 00:18:26,010
991 really teach it. You can't say here's what here's what you
992
993 249
994 00:18:26,010 ~-~-> 00:18:34,770
995 do. It's something you have to learn by spending years, not
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997 250
998 00:18:34,770 ~-~-> 00:18:38,760
999 days, not a couple hours, not a couple months, years of
1000
1001 251
1002 00:18:38,760 ~-~-> 00:18:46,110
1003 watching price action. I've said many times now, and I'm a
1004
1005 252
1006 00:18:46,110 ~-~-> 00:18:50,880
1007 dinosaur. I'm over 25 years doing this now. So there's a lot
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1009 253
1010 00:18:50,880 ~-~-> 00:18:53,910
1011 of experience and things I've seen that tend to repeat
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1013 254
1014 00:18:53,910 ~-~-> 00:18:57,420
1015 themselves over and over and over again in price and very
1016
1017 255
1018 00:18:57,420 ~-~-> 00:19:00,480
1019 rarely ever shocked or surprised by what I see. Price,
1020
1021 256
1022 00:19:00,540 ~-~-> 00:19:02,550
1023 because it's usually the same type of thing over and over
1024
1025 257
1026 00:19:02,550 ~-~-> 00:19:06,450
1027 again. But you would think with 25 years plus doing it, I
1028
1029 258
1030 00:19:06,450 ~-~-> 00:19:10,560
1031 would have a rigid exit strategy. And the closest thing I've
1032
1033 259
1034 00:19:10,560 ~-~-> 00:19:15,660
1035 got is using these fibs and what I feel from the
1036
1037 260
1038 00:19:15,660 ~-~-> 00:19:19,140
1039 marketplace. Now some of you will take this insight that
1040
1041 261
1042 00:19:19,140 ~-~-> 00:19:22,770
1043 I've shared with you and build a really strong, rigid rule
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1045 262
1046 00:19:22,770 ~-~-> 00:19:27,390
1047 based idea about when you take profits. And I've actually
1048
1049 263
1050 00:19:27,630 ~-~-> 00:19:31,470
1051 asked my own mentorship students, if they are able to come
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1053 264
1054 00:19:31,470 ~-~-> 00:19:33,330
1055 up with something I would love to be able to see that
1056
1057 265
1058 00:19:33,660 ~-~-> 00:19:36,120
1059 because I have always been very honest and said that my
1060
1061 266
1062 00:19:36,120 ~-~-> 00:19:39,180
1063 weakest point in my trading is the exits. I'm never
1064
1065 267
1066 00:19:39,180 ~-~-> 00:19:43,020
1067 satisfied with them. Because I'm trying to crack that as
1068
1069 268
1070 00:19:43,860 ~-~-> 00:19:46,560
1071 like entries. I got like dialed in, I know what I'm looking
1072
1073 269
1074 00:19:46,560 ~-~-> 00:19:49,770
1075 for, but exits. I'm always looking for a way to improve that
1076
1077 270
1078 00:19:49,800 ~-~-> 00:19:53,970
1079 because think about it. That's how we get paid. So there's
1080
1081 271
1082 00:19:53,970 ~-~-> 00:19:58,860
1083 no real hard and fast, rule based, you know, routine that I
1084
1085 272
1086 00:19:58,860 ~-~-> 00:20:02,550
1087 do that always follow It does. How much do I take off? If I
1088
1089 273
1090 00:20:02,550 ~-~-> 00:20:06,330
1091 have 10? Lots on? How many locks? Do I take off it first
1092
1093 274
1094 00:20:06,510 ~-~-> 00:20:09,600
1095 scale out? How many do I take it target one, there's many
1096
1097 275
1098 00:20:09,600 ~-~-> 00:20:12,240
1099 times where I won't take anything off at first profit. I'll
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1101 276
1102 00:20:12,240 ~-~-> 00:20:15,990
1103 wait for target one. And I'll take half off there. And I'll
1104
1105 277
1106 00:20:15,990 ~-~-> 00:20:18,270
1107 take another portion off at Target two, and then I'll have
1108
1109 278
1110 00:20:18,270 ~-~-> 00:20:20,430
1111 something on for some magical price swing. And then if
1112
1113 279
1114 00:20:20,430 ~-~-> 00:20:23,010
1115 there's time left in a day, I'll leave another portion on
1116
1117 280
1118 00:20:23,010 ~-~-> 00:20:26,400
1119 for that. So it's all a matter of what I see and feel in the
1120
1121 281
1122 00:20:26,400 ~-~-> 00:20:28,680
1123 marketplace. And I know that probably doesn't satisfy some
1124
1125 282
1126 00:20:28,680 ~-~-> 00:20:33,240
1127 of you, you're going to assume and almost feel like you're
1128
1129 283
1130 00:20:33,660 ~-~-> 00:20:36,480
1131 in a position where you can demand that I tell you exactly
1132
1133 284
1134 00:20:36,480 ~-~-> 00:20:38,910
1135 what I'm doing all the time. And this is one of those is I
1136
1137 285
1138 00:20:38,910 ~-~-> 00:20:45,180
1139 just can't do that. I don't think there's really a set in
1140
1141 286
1142 00:20:45,180 ~-~-> 00:20:50,160
1143 stone process that would be so beneficial for you that if
1144
1145 287
1146 00:20:50,160 ~-~-> 00:20:53,130
1147 you do it this way all the time. It's good enough. I have
1148
1149 288
1150 00:20:53,130 ~-~-> 00:20:57,810
1151 not seen that in my own experience. So taking profits, I
1152
1153 289
1154 00:20:57,810 ~-~-> 00:21:00,240
1155 think it's something that's personal. You need to know Know
1156
1157 290
1158 00:21:00,240 ~-~-> 00:21:02,910
1159 what you're going to do, and you're going to spend the rest
1160
1161 291
1162 00:21:02,910 ~-~-> 00:21:06,390
1163 of your life mastering that and never arriving at mastery.
1164
1165 292
1166 00:21:06,420 ~-~-> 00:21:13,830
1167 So that's gonna be it for this volume, I've covered a really
1168
1169 293
1170 00:21:13,830 ~-~-> 00:21:18,510
1171 good approach to breaking down how to find the setups. The
1172
1173 294
1174 00:21:18,510 ~-~-> 00:21:20,670
1175 currency pair that you're probably following if you're just
1176
1177 295
1178 00:21:20,670 ~-~-> 00:21:22,980
1179 looking at one, it's not going to give you a set up every
1180
1181 296
1182 00:21:22,980 ~-~-> 00:21:27,570
1183 single day. But if you have a nice handful of pairs, that
1184
1185 297
1186 00:21:27,570 ~-~-> 00:21:30,420
1187 you know you're looking for specific conditions as we
1188
1189 298
1190 00:21:30,420 ~-~-> 00:21:33,810
1191 outlined, it will give you a set up a couple times a week
1192
1193 299
1194 00:21:33,810 ~-~-> 00:21:36,660
1195 and that's all you need. You only need 23 pips that we get
1196
1197 300
1198 00:21:36,660 ~-~-> 00:21:40,020
1199 2% risk, and you can double your account every single
1200
1201 301
1202 00:21:40,020 ~-~-> 00:21:44,490
1203 calendar year by compounding 6% return 6% a month is not a
1204
1205 302
1206 00:21:44,490 ~-~-> 00:21:49,530
1207 lot. It's very easy to get to. But you have to know what
1208
1209 303
1210 00:21:49,530 ~-~-> 00:21:52,650
1211 you're looking for first, and hopefully, in these three
1212
1213 304
1214 00:21:52,650 ~-~-> 00:21:56,430
1215 volumes in this series. It's been short enough and concise
1216
1217 305
1218 00:21:56,430 ~-~-> 00:21:59,820
1219 enough for you to at least see what it is that I can point
1220
1221 306
1222 00:21:59,820 ~-~-> 00:22:03,090
1223 to On a chart, and you can see it too, and how it repeats
1224
1225 307
1226 00:22:03,090 ~-~-> 00:22:07,890
1227 itself, there's consistency, there's continuity, there is
1228
1229 308
1230 00:22:07,980 ~-~-> 00:22:12,510
1231 high probability, and it up except for that rule based ideas
1232
1233 309
1234 00:22:12,510 ~-~-> 00:22:15,540
1235 that's lacking on the exits. Because it's more or less, you
1236
1237 310
1238 00:22:15,540 ~-~-> 00:22:19,470
1239 know, you're gonna be winging it. Okay. And I wish I could
1240
1241 311
1242 00:22:19,470 ~-~-> 00:22:22,860
1243 be stronger in my approach to teaching that. But there's
1244
1245 312
1246 00:22:22,860 ~-~-> 00:22:26,520
1247 really no way for me to formulate a always this is the way
1248
1249 313
1250 00:22:26,520 ~-~-> 00:22:30,570
1251 it's done. I got levels I like, and based on what I see in
1252
1253 314
1254 00:22:30,570 ~-~-> 00:22:34,260
1255 market action and time of day, because of my experience,
1256
1257 315
1258 00:22:34,260 ~-~-> 00:22:36,840
1259 they'll tell me what I want to do. And it won't always be
1260
1261 316
1262 00:22:36,840 ~-~-> 00:22:39,270
1263 the best way of doing it. Sometimes it just takes off and
1264
1265 317
1266 00:22:39,270 ~-~-> 00:22:42,240
1267 goes on and on and on. And I won't be a part of that move.
1268
1269 318
1270 00:22:42,870 ~-~-> 00:22:46,170
1271 Or sometimes I'm holding for something like that. And it
1272
1273 319
1274 00:22:46,170 ~-~-> 00:22:48,990
1275 doesn't really run it just goes to target one, or maybe it
1276
1277 320
1278 00:22:48,990 ~-~-> 00:22:52,470
1279 goes up to first profit and I didn't take anything off there
1280
1281 321
1282 00:22:52,470 ~-~-> 00:22:55,320
1283 and it's it comes back and hits me I'll stop. So there's
1284
1285 322
1286 00:22:55,320 ~-~-> 00:22:58,830
1287 things that you're going to have to learn by experience, and
1288
1289 323
1290 00:22:58,860 ~-~-> 00:23:03,300
1291 I can't teach to no one Coming on ttt either. And you just
1292
1293 324
1294 00:23:03,300 ~-~-> 00:23:05,880
1295 got to accept that, you know, there's going to be things
1296
1297 325
1298 00:23:05,880 ~-~-> 00:23:09,420
1299 that you're not going to get answers to in trading, that
1300
1301 326
1302 00:23:09,420 ~-~-> 00:23:12,570
1303 you'll find the closest thing to answering it by your own
1304
1305 327
1306 00:23:12,570 ~-~-> 00:23:17,370
1307 discovery. And be excited about that. You don't don't think
1308
1309 328
1310 00:23:17,370 ~-~-> 00:23:18,930
1311 that you have to know everything right now because you
1312
1313 329
1314 00:23:18,930 ~-~-> 00:23:22,620
1315 don't. Because a lot of things that you're doing or about to
1316
1317 330
1318 00:23:22,620 ~-~-> 00:23:26,340
1319 do, or the way you think that's going to be the impediment
1320
1321 331
1322 00:23:26,340 ~-~-> 00:23:30,660
1323 when you be coming, consistent or profitable at all, the
1324
1325 332
1326 00:23:30,660 ~-~-> 00:23:34,290
1327 person you sit, sit and stare at in the mirror, that person
1328
1329 333
1330 00:23:34,410 ~-~-> 00:23:37,140
1331 is your biggest enemy right now. Because they're telling you
1332
1333 334
1334 00:23:37,140 ~-~-> 00:23:41,940
1335 all the good things, and they're trying to tell you not to
1336
1337 335
1338 00:23:41,940 ~-~-> 00:23:45,000
1339 talk to yourself when you're doing it wrong. That's okay.
1340
1341 336
1342 00:23:45,180 ~-~-> 00:23:50,610
1343 Your conscious needs to be. You need to be sensitive to your
1344
1345 337
1346 00:23:50,610 ~-~-> 00:23:53,280
1347 conscience. Okay, if you know what you're doing is wrong.
1348
1349 338
1350 00:23:53,790 ~-~-> 00:23:57,150
1351 Even in a demo account, you need to stop in this get
1352
1353 339
1354 00:23:57,150 ~-~-> 00:23:59,670
1355 yourself out of the marketplace. If you're not gonna be
1356
1357 340
1358 00:23:59,670 ~-~-> 00:24:03,210
1359 focused And organized, don't bother with it. Okay. But
1360
1361 341
1362 00:24:03,540 ~-~-> 00:24:06,570
1363 hopefully you've seen enough with these three the videos
1364
1365 342
1366 00:24:06,990 ~-~-> 00:24:09,690
1367 that I've given you a way to go into the markets every
1368
1369 343
1370 00:24:09,690 ~-~-> 00:24:12,330
1371 single day trading day and look for opportunities, even if
1372
1373 344
1374 00:24:12,330 ~-~-> 00:24:15,690
1375 it's in hindsight, it's beneficial to study it. But there's
1376
1377 345
1378 00:24:15,690 ~-~-> 00:24:16,200
1379 something
1380
1381 346
1382 00:24:16,650 ~-~-> 00:24:20,730
1383 that is specific that now you can go into price action and
1384
1385 347
1386 00:24:20,730 ~-~-> 00:24:24,390
1387 now seek it. So many folks when they first start, they put
1388
1389 348
1390 00:24:24,390 ~-~-> 00:24:26,550
1391 all these indicators on their chart and all these things,
1392
1393 349
1394 00:24:26,610 ~-~-> 00:24:29,550
1395 okay to distract themselves away from the open high, low and
1396
1397 350
1398 00:24:29,550 ~-~-> 00:24:32,910
1399 close. And open high, low and close is the four best
1400
1401 351
1402 00:24:32,910 ~-~-> 00:24:34,860
1403 indicators you're ever going to find in price action.
1404
1405 352
1406 00:24:36,120 ~-~-> 00:24:39,030
1407 It's price. So hopefully you found this insightful.
1408
1409 353
1410 00:24:39,270 ~-~-> 00:24:42,210
1411 Hopefully you enjoy it. I'd love to have your feedback on
1412
1413 354
1414 00:24:42,210 ~-~-> 00:24:45,840
1415 twitter at Im ICT and until next time, I wish you good luck
1416
1417 355
1418 00:24:46,080 ~-~-> 00:24:46,740
1419 and good trading.