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Version 1.1 by Drunk Monkey on 2020-11-20 16:21
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Drunk Monkey 1.1 1 1
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3 ICT: Hello, folks, long time to see
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7 if you'd like me, the present conditions around the world
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11 right now because of the illness that's been plaguing
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15 everyone. I thought of everyone on the YouTube channel that
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19 has supported this channel and maybe has been longing for
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23 some inspiration, maybe some kind of a nudge by goodwill
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27 ICT. So I came here with the expectation that I would give
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31 the next four weeks, or 20 trading days, just a snapshot
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35 real quick, kind of like train your eye to see the optimal
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39 trade entry, and its many formations and subtle nuances. Now
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43 it's not a signal service. So that way you guys didn't like
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47 to do the thumbs down button which I love that
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51 the
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55 the content I'm going to be providing you here is just
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59 really to activate your reticular activating system. That
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63 means train your eye to see what it looks like and how it
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67 tends to form. Okay, so for some of you that are very versed
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71 in my content and old stuff in the classic ICT library, the
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75 optimal trade entry is a really an old staple now It's not
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79 important for me to go through the entire optimal trade
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83 entry, and all the levels and all that stuff, you'll see
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87 what they are obviously in the examples. But if you have not
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91 watched the optimal trade entry or OTP primer video, you can
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95 do a search on YouTube and you'll see it pops up, watch that
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99 video and kind of gives you a calling a foundation up, how
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103 to set your foot on a business. So if we are looking at the
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107 next 20 days, just know that these videos are not intended
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111 to be very, very long. I want to try to get right to the
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115 point but this is the first one in a series kind of like one
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119 take a little bit of liberty to remind the individuals that
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123 are probably just new to me, or the hardline critics that
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127 just can't stand me.
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131 I love you to the again, the
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135 premise behind all this is again, not to say here's what
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139 here's what tomorrow gonna do next. Okay, that's not what
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143 I'm doing here. Okay? What I'm showing you is how you go
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147 into your charts and annotate them. Look for the optimal
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151 trade entry, because this is how I trained myself to see it.
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155 Back in the 1990s. I worked just like every one of you. And
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159 I came home. And I had to look at charts and look at moves
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163 that I missed. So I taught myself to look for specific
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167 patterns and signatures and price action over a period of
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171 years. And because of that, and seeing it over and over and
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175 over again, it builds in a pseudo experience. In other
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179 words, I at the time was not able to see these formations
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183 form live. So I would go back and look at my charts and
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187 annotate them and capacity, as if I were really there
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191 watching it and annotating the chart as if it was something
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195 that watched and witnessed life. Now, I'm not going to ask
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199 annotate the charts to degree that I personally would do it.
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203 But I'm going to provide you a kind of a baseline to work
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207 with. And you can dress up your own charts and annotations
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211 and draw a great deal of attention to other things that may
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215 be important to you. Okay, or your unique price action
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219 model. I'm not teaching bias. I'm not teaching how to find
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223 the right order blocks, okay, I'm not doing all that. It's
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227 just again, to train your eye to see a specific phenomenon.
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231 It takes place in the marketplace. And again, some of you're
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235 gonna say, Oh, this is something that everybody knows about.
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239 It's a Fibonacci retracement. ICT didn't invent it. And it's
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243 this and it's that, okay, if that's your attitude, that's
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247 how you think of it. So you're going into this video, I'm
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251 really gonna waste your time. And just know that if you're
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255 that person, I enjoy that. For everyone else that wants to
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259 really learn how to do something. I want you to see what
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263 it's like over and over and over again over a period of four
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267 weeks. Okay? So, if anything is studied for a month,
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271 basically, it really starts to take root in number one, your
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275 memory and your identification, okay? The faculties that
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279 each of us have to see something that is important to us. It
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283 has to be activated. Okay, and real short and sweet. The
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287 common example I always use is if you buy a car, and you've
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291 looked forward to buying this car, once you buy it, you take
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295 it home, and the very next day you're driving it, it might
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299 be the day you come home with it, you start noticing that a
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303 lot of other people seem to have that same car. And it's not
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307 that more people bought it because you did. But your
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311 reticular activating system has been keyed up, okay to
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315 filter that car because it's meaningful to you. Let's So, by
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319 me showing you examples of this particular pattern, and the
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323 signatures that generally repeat with it, you're going to
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327 see how you can start doing this on your own. And then if
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331 you have the ability to watch it live, you'll see many times
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335 its formation, and then you'll grow in your confidence to
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339 paper, trade it, then demo trade it and if you feel inclined
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343 to do so, if you shown six months of consistency, you want
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347 to dabble with a very, very small amount of money, live
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351 money, nothing big, nothing grandiose. This smallest amount
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355 of money you can open up an account with and then trade the
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359 smallest little lot sizes possible. And then again, just
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363 follow the same protocols and procedures that would
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367 otherwise lead to your trust. in finding in price action,
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371 you determine on your own I don't ever tell him I say okay,
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375 go trade with live money, because there's a lot of
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379 responsibility in that. And legally, I can't tell you to do
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383 But I can talk about price action, and I can talk about the
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387 signatures that repeat themselves. And I only want to talk
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391 about the optimal trade entry. Okay? So please don't try to
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395 reach out to me and say, Hey, can you talk about this? Can
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399 you do that? I'm only going to be doing just this. Okay? So
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403 again, every video, I'm going to try to aim at five minutes
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407 or less, but this one just has to be it's a little bit long
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411 winded because I have to have a preamble to set the stage
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415 for what it is I'm doing so that way, no one can say you
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419 said it was going to be this and it's not. Okay. So, if
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423 you're serious about understanding the things that I'm
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427 making available to you on this YouTube channel, one of the
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431 hallmarks is the optimal trade entry. So again, watch the
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435 optimal trade entry primer video first,
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439 and then come back to this series. Okay, so, again, it'll be
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443 20 videos in the series, and I'll try to create a playlist
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447 that way you guys can find it very easily, and we'll go
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451 through it but tonight as the pilot episode We're looking at
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455 the Australian dollar. Okay, so I'm using trading view.com
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459 as the resource in platform. And the data I'm pulling up is
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463 the Australian dollar versus the US dollar forex.com. So
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467 whenever you put this symbol over here, it's going to give
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471 you a sort of different data feeds. And I always use the
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475 Forex calm so that way you guys can see the the price action
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479 the same way as I'm President presenting it here. Alright,
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483 so when we look at the optimal trade entry, and we look at
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487 its formation on a day by day daily basis. Now, again, I'm
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491 not trying to push or entice or convince that you should be
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495 day trading every single day. Okay, that's not what this is.
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499 I can, but I've been doing this for almost three decades. So
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503 many of you are very, very new. And there's nothing wrong
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507 with that. But you cannot speed this process up. It has to
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511 be done methodically has to be done in a way where it just
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515 allows for development and not rush, you can't rush it.
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519 Okay, so if you look at this particular currency pair, some
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523 of you that are familiar with my concepts right away know
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527 that there is the sensitivity off of this low here, and this
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531 low here is inside of these two consecutive down close
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535 candles, that's your order block. So it's going to be
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539 important for the discussion just simply because of this
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543 video, but every video after this, I'm only going to go
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547 right into the day and reference the previous day's range
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551 and show you how the optimal trade entry form. So if you
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555 learn this, okay if you grow in comfort and identifying this
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559 over a period of time, what period of time minimum four
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563 weeks daily Study. Now that doesn't mean for which you
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567 graduate. Now your optimal trade entry Master, it just means
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571 that you're very familiar with it. And you have a little bit
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575 of a sample size of experience. You want to build on that,
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579 how long it will take for you to get, really, I guess, used
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583 to seeing the pattern and anticipating when it's going to
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587 form that's going to be different for every single one of
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591 you. So it's not here's a general rule of thumb. Everybody
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595 gets it by this time. No mentor, no teacher, no educator can
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599 say everyone's going to get it by this timeline. So be very
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603 flexible with your development, on your personal
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607 development, not comparing yourself to someone else. Okay,
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611 so when we look at price action on a daily chart, the main
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615 thing we're looking for is the reactions from the previous
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619 day's range. Okay, so this is the day that we're going to
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623 study because this is a new trading day now, but we're going
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627 be looking at this particular day here. And already here,
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631 all the people here it is it's hindsight again, okay? For
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635 those that are new, put the fact that it's hindsight aside
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639 for a moment because every single thing that you study when
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643 you buy a book,
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647 newsflash, that's all hindsight to when you go to a seminar
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651 or a webinar, and they show you previous examples, that's
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655 all hindsight to. So you'll learn by identifying a pattern
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659 that repeats. Okay, so I'm teaching you a pattern of what it
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663 looks like, and how it generally forms. Okay, so if you do
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667 this, if you learn to do this very, very well, this could be
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671 your personal trading model. You never need to learn
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675 anything else. You never worry about indicators. You never
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679 worry about learning anything else in the ICT library. You
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683 don't even worry about mentorships you don't worry about
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687 going over here and signing up with signal services, because
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691 you will be your own power plant of decisions and ideas and
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695 Trade setups, they'll come organically from your own study
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699 not relying on other people not relying on me. Not people in
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703 chat rooms or, or groups, nothing like that. Okay? The big
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707 thing now is everyone's going to discord rooms, okay? Or
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711 telegram rooms, all these things and they're all looking for
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715 someone that's good, too They can copy cat off of. And you
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719 don't need that. You're absolutely in a position to learn
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723 how to do this for free, right here and you don't need to
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727 have anybody else to convince you or patch on the back to
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731 say, follow me because I'm going to do it and you're going
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735 to copy us because that makes you subservient to them. And
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738 00:12:40,920 ~-~-> 00:12:43,710
739 that's not independent thinking. And to me personally, I
740
741 186
742 00:12:43,710 ~-~-> 00:12:46,560
743 think it's weakness. And you don't want to be a weak minded
744
745 187
746 00:12:47,130 ~-~-> 00:12:50,490
747 decision maker in something like this because you have the
748
749 188
750 00:12:50,490 ~-~-> 00:12:53,370
751 capacity to lose a great deal of money for trading with live
752
753 189
754 00:12:53,370 ~-~-> 00:12:56,790
755 funds, right so the down close candles in here that's our
756
757 190
758 00:12:56,790 ~-~-> 00:13:01,110
759 order block. We had a candle tree down into And then the
760
761 191
762 00:13:01,110 ~-~-> 00:13:05,730
763 previous day now again, kind of like just move this candle
764
765 192
766 00:13:05,730 ~-~-> 00:13:09,150
767 out of here. Focus don't think that anything about this
768
769 193
770 00:13:09,150 ~-~-> 00:13:12,210
771 candle right now we're only focusing on this candles range
772
773 194
774 00:13:12,240 ~-~-> 00:13:16,530
775 and the previous day, which is the sixth of May. Okay, so in
776
777 195
778 00:13:16,530 ~-~-> 00:13:20,520
779 the United States right now it's 8:41pm, New York local
780
781 196
782 00:13:20,520 ~-~-> 00:13:26,550
783 time. And it's still the seventh for me. But it's a new
784
785 197
786 00:13:26,550 ~-~-> 00:13:29,580
787 financial day in the Forex so that's why we're seeing this
788
789 198
790 00:13:29,580 ~-~-> 00:13:34,080
791 candle form. So when we look at the previous day's range,
792
793 199
794 00:13:34,350 ~-~-> 00:13:38,850
795 it's important to simply identify the highs and the lows of
796
797 200
798 00:13:38,850 ~-~-> 00:13:45,600
799 it. Okay, so right away, we know this candles high and if we
800
801 201
802 00:13:45,600 ~-~-> 00:13:48,210
803 looked at these two down close candles, the fact that we
804
805 202
806 00:13:48,210 ~-~-> 00:13:54,060
807 traded down into it here we had a candle trade again, a
808
809 203
810 00:13:54,060 ~-~-> 00:13:58,560
811 little bit into your block, the order block is starting at
812
813 204
814 00:13:58,560 ~-~-> 00:14:02,850
815 the wick. Okay, so this candle Hy comes in at 6397 a four
816
817 205
818 00:14:03,090 ~-~-> 00:14:10,830
819 bit that's the price action dips into that candle range. And
820
821 206
822 00:14:10,830 ~-~-> 00:14:14,970
823 it does it again on the seventh. Okay, so it's not showing a
824
825 207
826 00:14:14,970 ~-~-> 00:14:18,120
827 willingness to go deeper, it doesn't want to dig in deeper
828
829 208
830 00:14:18,120 ~-~-> 00:14:23,280
831 and even take out the low over here. So we have to consider
832
833 209
834 00:14:23,280 ~-~-> 00:14:27,540
835 at least for this episode for this particular video, the
836
837 210
838 00:14:27,540 ~-~-> 00:14:31,110
839 likelihood of the market wanting to go higher. So what we
840
841 211
842 00:14:31,110 ~-~-> 00:14:36,060
843 want to see is does it have the ability on the very next day
844
845 212
846 00:14:36,060 ~-~-> 00:14:40,170
847 or the May 7 candle doesn't have the ability to trade above
848
849 213
850 00:14:40,170 ~-~-> 00:14:44,760
851 the previous day's range high? Why is that important? For
852
853 214
854 00:14:44,760 ~-~-> 00:14:48,480
855 those that have a serious interest in following along in
856
857 215
858 00:14:48,750 ~-~-> 00:14:52,530
859 keeping up with a series, you want to take notes, okay, so
860
861 216
862 00:14:52,740 ~-~-> 00:14:59,760
863 get yourself a pen and pad and just I guess make a study
864
865 217
866 00:14:59,760 ~-~-> 00:15:02,580
867 journal For optimal trade entry, okay, so over the next 20
868
869 218
870 00:15:02,580 ~-~-> 00:15:06,150
871 days, I'm going to give you simple little facets that go
872
873 219
874 00:15:06,150 ~-~-> 00:15:10,440
875 along with this pattern. And you'll see that it will flesh
876
877 220
878 00:15:10,440 ~-~-> 00:15:13,080
879 out over a period of time, and you'll start seeing things
880
881 221
882 00:15:13,080 ~-~-> 00:15:15,180
883 that you didn't really see before, even if you're familiar
884
885 222
886 00:15:15,180 ~-~-> 00:15:18,750
887 with the optimal trade entry. So we're gonna go down to a
888
889 223
890 00:15:18,750 ~-~-> 00:15:23,370
891 lower timeframe, and these levels here are going to be on
892
893 224
894 00:15:23,370 ~-~-> 00:15:27,450
895 the lower timeframe chart, but this study over the next 20
896
897 225
898 00:15:27,450 ~-~-> 00:15:32,100
899 days is going to focus on intraday charts. And specifically
900
901 226
902 00:15:32,130 ~-~-> 00:15:35,940
903 a five minute chart. And right away somebody you're like, I
904
905 227
906 00:15:35,940 ~-~-> 00:15:39,270
907 don't like five minute charts. I can't do that. Trust me,
908
909 228
910 00:15:39,630 ~-~-> 00:15:42,210
911 it's beneficial to your learning. Alright, so all right, so
912
913 229
914 00:15:42,210 ~-~-> 00:15:44,670
915 what we have here is a blank canvas in the form of
916
917 230
918 00:15:44,670 ~-~-> 00:15:48,330
919 candlesticks that may or may not mean anything to you, but I
920
921 231
922 00:15:48,330 ~-~-> 00:15:52,440
923 want to press upon you the importance of knowing the
924
925 232
926 00:15:52,440 ~-~-> 00:15:56,250
927 previous day's high and low and it's very simple process.
928
929 233
930 00:15:56,250 ~-~-> 00:16:00,000
931 You can go into your charts and today and put vertical lines
932
933 234
934 00:16:00,600 ~-~-> 00:16:06,690
935 On the seventh and the sixth, so the range low on the six is
936
937 235
938 00:16:06,690 ~-~-> 00:16:11,760
939 here in the range high is here. So when we know that on the
940
941 236
942 00:16:11,760 ~-~-> 00:16:15,480
943 daily chart, okay above previous day's highs and lows
944
945 237
946 00:16:17,100 ~-~-> 00:16:19,860
947 only say like this above previous day's highs and below
948
949 238
950 00:16:19,860 ~-~-> 00:16:25,020
951 previous day's lows. There's a bank of orders that generally
952
953 239
954 00:16:25,050 ~-~-> 00:16:28,530
955 reside in the marketplace and throughout the day, depending
956
957 240
958 00:16:28,530 ~-~-> 00:16:32,820
959 upon how we get closer to the previous day's high or low on
960
961 241
962 00:16:32,820 ~-~-> 00:16:34,650
963 the new trading day and the new trading day. In this
964
965 242
966 00:16:34,710 ~-~-> 00:16:37,530
967 example, here is the seventh. So we're assuming all this
968
969 243
970 00:16:37,530 ~-~-> 00:16:42,180
971 price action here is what we're studying. When the market
972
973 244
974 00:16:42,180 ~-~-> 00:16:52,170
975 has a predisposed. bias, or trend or momentum or you just
976
977 245
978 00:16:52,170 ~-~-> 00:16:56,040
979 think, okay that it's going to go higher. You want to focus
980
981 246
982 00:16:56,040 ~-~-> 00:16:57,990
983 on the previous day's high and then you want to see does it
984
985 247
986 00:16:57,990 ~-~-> 00:17:01,230
987 have the ability to stretch and reach up To the previous
988
989 248
990 00:17:01,230 ~-~-> 00:17:06,210
991 day's high, if it does, one of two things generally happens.
992
993 249
994 00:17:06,750 ~-~-> 00:17:09,690
995 And assuming it's a bullish one, it goes through the
996
997 250
998 00:17:09,690 ~-~-> 00:17:12,450
999 previous day's high and just explodes and never gives you a
1000
1001 251
1002 00:17:12,450 ~-~-> 00:17:14,880
1003 chance to trade. And that's just a missed opportunity. And
1004
1005 252
1006 00:17:14,880 ~-~-> 00:17:17,130
1007 there's nothing you could do about it. There's no reason to
1008
1009 253
1010 00:17:17,130 ~-~-> 00:17:19,290
1011 get upset about it. There's no reason to go online and
1012
1013 254
1014 00:17:19,290 ~-~-> 00:17:22,140
1015 complain to other people how you missed that trade, or you
1016
1017 255
1018 00:17:22,140 ~-~-> 00:17:25,950
1019 suck, or you're, you're never going to get this. Never do
1020
1021 256
1022 00:17:25,950 ~-~-> 00:17:28,830
1023 that, because you're actually giving yourself negative
1024
1025 257
1026 00:17:28,830 ~-~-> 00:17:31,710
1027 reinforcement. And your subconscious will remember that in
1028
1029 258
1030 00:17:31,710 ~-~-> 00:17:36,240
1031 every trade you take after that trade will be plagued by
1032
1033 259
1034 00:17:36,240 ~-~-> 00:17:39,720
1035 that negative narrative that you've given yourself that you
1036
1037 260
1038 00:17:39,720 ~-~-> 00:17:42,540
1039 suck, you're never going to get this. So every time you
1040
1041 261
1042 00:17:42,540 ~-~-> 00:17:46,170
1043 actually muster up the courage to get an actually execute.
1044
1045 262
1046 00:17:47,430 ~-~-> 00:17:49,470
1047 You're going to be scared, you're going to be constantly
1048
1049 263
1050 00:17:49,470 ~-~-> 00:17:52,080
1051 revved up, you're going to be in a constant state of stress
1052
1053 264
1054 00:17:52,080 ~-~-> 00:17:55,080
1055 and anxiety, versus just following the method that you've
1056
1057 265
1058 00:17:55,320 ~-~-> 00:17:58,410
1059 adopted and focusing on what price is doing is it's still
1060
1061 266
1062 00:17:58,410 ~-~-> 00:18:01,560
1063 viable in terms of a trade Should you collapse it or maybe
1064
1065 267
1066 00:18:01,560 ~-~-> 00:18:04,020
1067 take some of the risk off or stick with it because now it's
1068
1069 268
1070 00:18:04,020 ~-~-> 00:18:08,790
1071 moving in your favor. When we look at previous day's highs
1072
1073 269
1074 00:18:08,970 ~-~-> 00:18:13,590
1075 and previous day's lows, we want to see the market go up
1076
1077 270
1078 00:18:13,590 ~-~-> 00:18:17,340
1079 above it. And then once it trades to the previous day's high
1080
1081 271
1082 00:18:17,340 ~-~-> 00:18:20,970
1083 if we're bullish, we want to see does it create an optimal
1084
1085 272
1086 00:18:20,970 ~-~-> 00:18:24,660
1087 trade entry? Because many times you're going to see this
1088
1089 273
1090 00:18:24,660 ~-~-> 00:18:27,840
1091 formation form exactly like I'm showing you here. Okay, lots
1092
1093 274
1094 00:18:27,840 ~-~-> 00:18:31,110
1095 and lots of times do you see this formation form throughout
1096
1097 275
1098 00:18:31,110 ~-~-> 00:18:34,530
1099 the week and it may not be that particular currency or this
1100
1101 276
1102 00:18:34,560 ~-~-> 00:18:37,290
1103 currency in this example here Australian versus the Dollar,
1104
1105 277
1106 00:18:37,680 ~-~-> 00:18:42,180
1107 it may be in euro it may be in cable, it may be in the beast
1108
1109 278
1110 00:18:42,180 ~-~-> 00:18:47,040
1111 pound versus yen, it may be the New Zealand dollar, it may
1112
1113 279
1114 00:18:47,040 ~-~-> 00:18:53,910
1115 be in gold. It may be in a crypto currency, okay. It's not
1116
1117 280
1118 00:18:53,910 ~-~-> 00:18:58,530
1119 limited to just one currency stick to it and always expect
1120
1121 281
1122 00:18:58,530 ~-~-> 00:19:01,710
1123 it to happen like that. When You understand this pattern,
1124
1125 282
1126 00:19:01,920 ~-~-> 00:19:05,250
1127 you can mark out your previous day's highs and lows. And if
1128
1129 283
1130 00:19:05,280 ~-~-> 00:19:10,890
1131 there is a very discernible, clear, unambiguous directional
1132
1133 284
1134 00:19:10,890 ~-~-> 00:19:14,460
1135 bias that lends well to one particular currency or two over
1136
1137 285
1138 00:19:14,460 ~-~-> 00:19:17,040
1139 the other basket of currencies that you follow, then that
1140
1141 286
1142 00:19:17,040 ~-~-> 00:19:19,320
1143 means you've very easily filtered out all the other
1144
1145 287
1146 00:19:19,320 ~-~-> 00:19:21,930
1147 currencies. So now you're gonna focus on maybe one or two
1148
1149 288
1150 00:19:21,930 ~-~-> 00:19:25,260
1151 for that particular day and then wait to see if it trades to
1152
1153 289
1154 00:19:25,290 ~-~-> 00:19:28,260
1155 end through the previous day's high if it's bullish, or
1156
1157 290
1158 00:19:28,320 ~-~-> 00:19:33,030
1159 below the previous day's low if you're bearish. Now with
1160
1161 291
1162 00:19:33,030 ~-~-> 00:19:37,140
1163 these ideas mentioned in general bullet point fashion, as
1164
1165 292
1166 00:19:37,140 ~-~-> 00:19:40,620
1167 I've just given you, let's flesh this idea a little bit and
1168
1169 293
1170 00:19:40,620 ~-~-> 00:19:44,160
1171 put some lipstick on this pig here. Okay, so we got the
1172
1173 294
1174 00:19:44,190 ~-~-> 00:19:47,670
1175 vertical delineation here on the sixth and the seventh. So
1176
1177 295
1178 00:19:47,670 ~-~-> 00:19:50,370
1179 between those two vertical lines, we have the highest high
1180
1181 296
1182 00:19:51,210 ~-~-> 00:19:54,630
1183 and the lowest low as denoted on the chart here previous
1184
1185 297
1186 00:19:54,630 ~-~-> 00:19:58,650
1187 day's high, previous day's low. And here's the daily bullish
1188
1189 298
1190 00:19:58,650 ~-~-> 00:20:01,920
1191 order blocked as outlined On the daily chart before we move
1192
1193 299
1194 00:20:01,920 ~-~-> 00:20:03,990
1195 down to a lower timeframe. Alright, so the previous day's
1196
1197 300
1198 00:20:03,990 ~-~-> 00:20:08,760
1199 high on this particular candle here we have 6445 and three
1200
1201 301
1202 00:20:08,760 ~-~-> 00:20:13,320
1203 pipettes. And the next candle is the very highest high at
1204
1205 302
1206 00:20:13,320 ~-~-> 00:20:19,830
1207 6453. Okay, so there's our high. So think in terms of round
1208
1209 303
1210 00:20:19,830 ~-~-> 00:20:22,620
1211 numbers and big figures and mid figures. Okay, so
1212
1213 304
1214 00:20:22,620 ~-~-> 00:20:27,690
1215 essentially, this high, meaning 53, even if that's the high,
1216
1217 305
1218 00:20:27,720 ~-~-> 00:20:35,100
1219 what is it really trading around 6450 mid figure. So it's
1220
1221 306
1222 00:20:35,100 ~-~-> 00:20:40,890
1223 the midpoint between 64 00 and 65 00. So the mid figure
1224
1225 307
1226 00:20:40,890 ~-~-> 00:20:44,940
1227 levels are very significant or important. Couple that with
1228
1229 308
1230 00:20:44,940 ~-~-> 00:20:48,930
1231 the fact that this high and this high here are basically
1232
1233 309
1234 00:20:48,930 ~-~-> 00:20:50,820
1235 relatively the same high
1236
1237 310
1238 00:20:52,410 ~-~-> 00:20:53,610
1239 above this
1240
1241 311
1242 00:20:54,569 ~-~-> 00:20:57,179
1243 clear area that would otherwise be viewed as retail
1244
1245 312
1246 00:20:57,179 ~-~-> 00:21:01,439
1247 resistance. Traders think that the offered resistance here
1248
1249 313
1250 00:21:01,439 ~-~-> 00:21:03,689
1251 it offered resistance here and as it starts to break down
1252
1253 314
1254 00:21:03,689 ~-~-> 00:21:07,769
1255 anyone going short, they would feel very comfortable putting
1256
1257 315
1258 00:21:07,769 ~-~-> 00:21:12,149
1259 a stop loss above these highs because they feel with visual
1260
1261 316
1262 00:21:12,149 ~-~-> 00:21:16,469
1263 support behind the theory that this is resistance. So
1264
1265 317
1266 00:21:16,739 ~-~-> 00:21:20,249
1267 there's going to be a bank of orders that reside above this
1268
1269 318
1270 00:21:20,699 ~-~-> 00:21:24,809
1271 because it's the previous day's high when we're looking at
1272
1273 319
1274 00:21:24,809 ~-~-> 00:21:27,629
1275 over here and the fact that we have relative equal highs, so
1276
1277 320
1278 00:21:27,629 ~-~-> 00:21:31,769
1279 there's going to be a layer of liquidity above these highs
1280
1281 321
1282 00:21:31,769 ~-~-> 00:21:37,379
1283 and above the mid figure, okay, so 6450 which is this black
1284
1285 322
1286 00:21:37,379 ~-~-> 00:21:41,099
1287 line here, and then 10 pips above it, which is 6460 and 10
1288
1289 323
1290 00:21:41,099 ~-~-> 00:21:45,239
1291 pips below is 6440 so we have a standard deviation of 10
1292
1293 324
1294 00:21:45,239 ~-~-> 00:21:47,909
1295 pips now, I don't want to make it too complicated, but just
1296
1297 325
1298 00:21:47,909 ~-~-> 00:21:51,839
1299 understand that what I'm showing you here, this is about the
1300
1301 326
1302 00:21:52,559 ~-~-> 00:21:55,829
1303 general rule of thumb, you're going to get that seems really
1304
1305 327
1306 00:21:55,829 ~-~-> 00:21:59,339
1307 technical. Just know that whenever we have a previous high
1308
1309 328
1310 00:21:59,819 ~-~-> 00:22:03,779
1311 or Previous low power did this here, I would do the same
1312
1313 329
1314 00:22:03,779 ~-~-> 00:22:06,509
1315 thing around this low here because the low in this candle
1316
1317 330
1318 00:22:07,919 ~-~-> 00:22:13,739
1319 comes in at 6378. So we have an institutional level of 80.
1320
1321 331
1322 00:22:13,769 ~-~-> 00:22:20,189
1323 So if you're again, if you're new here 00 level, point 80 or
1324
1325 332
1326 00:22:20,219 ~-~-> 00:22:25,829
1327 80, in this case here 50, mid figure, and point 20 or 20, in
1328
1329 333
1330 00:22:25,859 ~-~-> 00:22:28,709
1331 instance, for Australian dollar, so you have mid figure
1332
1333 334
1334 00:22:28,709 ~-~-> 00:22:32,999
1335 levels that's very sensitive at level 20 and the 00 levels.
1336
1337 335
1338 00:22:33,419 ~-~-> 00:22:35,789
1339 Now, why are these levels important? Why are they
1340
1341 336
1342 00:22:35,789 ~-~-> 00:22:41,219
1343 significant is because a lot of large fund traders make
1344
1345 337
1346 00:22:41,219 ~-~-> 00:22:44,699
1347 their orders very easy for processing and they just put them
1348
1349 338
1350 00:22:44,699 ~-~-> 00:22:48,719
1351 in there at that level. A lot of commerce gets done at those
1352
1353 339
1354 00:22:48,719 ~-~-> 00:22:51,149
1355 levels too. So when there's global commerce that comes into
1356
1357 340
1358 00:22:51,149 ~-~-> 00:22:55,679
1359 the marketplace, IBM needs to do business in Japan so they
1360
1361 341
1362 00:22:55,679 ~-~-> 00:22:59,369
1363 have to turn dollars into yen when they put orders in for
1364
1365 342
1366 00:22:59,369 ~-~-> 00:23:06,719
1367 that transaction, it's just easier for the bank to move that
1368
1369 343
1370 00:23:06,719 ~-~-> 00:23:11,789
1371 into those levels and do the commerce there. So, again,
1372
1373 344
1374 00:23:12,089 ~-~-> 00:23:16,349
1375 that's not important. It's nothing that needs to be known or
1376
1377 345
1378 00:23:16,349 ~-~-> 00:23:20,069
1379 followed or believed in. Okay, to see this work, all we're
1380
1381 346
1382 00:23:20,069 ~-~-> 00:23:23,039
1383 doing is studying a signature in price action, that will
1384
1385 347
1386 00:23:23,039 ~-~-> 00:23:27,509
1387 tend to repeat a lot. And this is one of the formations of
1388
1389 348
1390 00:23:27,509 ~-~-> 00:23:31,439
1391 optimal trade entry and why it forms here. Okay, so, again,
1392
1393 349
1394 00:23:31,529 ~-~-> 00:23:34,139
1395 the daily chart, we're assuming the previous day's high
1396
1397 350
1398 00:23:34,319 ~-~-> 00:23:38,579
1399 should be traded to and if it does, it should be bullish and
1400
1401 351
1402 00:23:38,579 ~-~-> 00:23:42,899
1403 look to see higher prices. If it goes below the previous
1404
1405 352
1406 00:23:42,899 ~-~-> 00:23:48,359
1407 day's low, that means that we can't be as bullish, but we
1408
1409 353
1410 00:23:48,359 ~-~-> 00:23:51,629
1411 can now study to see if we have a bearish optimal trade
1412
1413 354
1414 00:23:51,629 ~-~-> 00:23:54,929
1415 entry because the previous day's low has been violated. So
1416
1417 355
1418 00:23:55,019 ~-~-> 00:23:57,569
1419 there's always a study and it's not about hints is very
1420
1421 356
1422 00:23:57,569 ~-~-> 00:23:59,849
1423 important. Write this down and underline it several times
1424
1425 357
1426 00:23:59,849 ~-~-> 00:24:02,099
1427 and highlight it and draw all kinds of, you know,
1428
1429 358
1430 00:24:02,219 ~-~-> 00:24:04,499
1431 annotations around that draw your attention how important
1432
1433 359
1434 00:24:04,499 ~-~-> 00:24:07,019
1435 this is, it's not about being right or wrong.
1436
1437 360
1438 00:24:08,550 ~-~-> 00:24:12,480
1439 The study is to show you what it looks like every single day
1440
1441 361
1442 00:24:12,480 ~-~-> 00:24:15,900
1443 and how you're going to go into the chart. So when I show
1444
1445 362
1446 00:24:15,900 ~-~-> 00:24:20,730
1447 these examples, again, it's just to train your eye to see
1448
1449 363
1450 00:24:20,820 ~-~-> 00:24:24,030
1451 the thing I'm showing you over and over and over again. And
1452
1453 364
1454 00:24:24,030 ~-~-> 00:24:28,980
1455 you're gonna find that this is exactly what it tends to do
1456
1457 365
1458 00:24:29,280 ~-~-> 00:24:32,850
1459 in other markets as well. It's not just me form fitting it
1460
1461 366
1462 00:24:32,940 ~-~-> 00:24:37,440
1463 into this one because it looks pretty okay. So again, the
1464
1465 367
1466 00:24:37,440 ~-~-> 00:24:39,480
1467 idea is we're looking for the previous day's high on the
1468
1469 368
1470 00:24:39,480 ~-~-> 00:24:43,140
1471 sixth the be traded to it does here and then we consolidate
1472
1473 369
1474 00:24:43,140 ~-~-> 00:24:45,900
1475 and retrace a little bit and we hang around once it hits
1476
1477 370
1478 00:24:45,900 ~-~-> 00:24:50,490
1479 that 6450 level, which that black line here. It does blow
1480
1481 371
1482 00:24:50,490 ~-~-> 00:24:53,670
1483 out the previous day's high not by much but it does. And
1484
1485 372
1486 00:24:53,670 ~-~-> 00:24:56,370
1487 then it gyrates down 10 pips or a little bit more than that,
1488
1489 373
1490 00:24:56,610 ~-~-> 00:24:59,610
1491 and picks up more orders. What is it doing, it's gathering
1492
1493 374
1494 00:24:59,610 ~-~-> 00:25:02,190
1495 more orders. here and then there's a displacement here,
1496
1497 375
1498 00:25:02,430 ~-~-> 00:25:05,790
1499 price starts to create a run up above the previous day's
1500
1501 376
1502 00:25:05,790 ~-~-> 00:25:09,780
1503 high with a little more meaningful run. So the shallow run
1504
1505 377
1506 00:25:09,780 ~-~-> 00:25:12,540
1507 here gets overtaken here. And then price does what it
1508
1509 378
1510 00:25:12,540 ~-~-> 00:25:16,320
1511 returns back to the 6450 mid figure and consolidates in
1512
1513 379
1514 00:25:16,320 ~-~-> 00:25:21,750
1515 between 6460 6450. And what is it doing? It's allowing all
1516
1517 380
1518 00:25:21,750 ~-~-> 00:25:25,890
1519 the orders that was above the previous day's high and around
1520
1521 381
1522 00:25:26,010 ~-~-> 00:25:32,370
1523 6450. An order bank gets depleted because of the time it's
1524
1525 382
1526 00:25:32,370 ~-~-> 00:25:34,950
1527 sitting in here. Now when I say order bank, it's it's
1528
1529 383
1530 00:25:34,950 ~-~-> 00:25:39,090
1531 basically a huge collection of orders that may or may not be
1532
1533 384
1534 00:25:39,090 ~-~-> 00:25:42,060
1535 in the marketplace around here, but as it sits in here,
1536
1537 385
1538 00:25:42,570 ~-~-> 00:25:45,570
1539 people will start to build a bias or sentiment about what
1540
1541 386
1542 00:25:45,570 ~-~-> 00:25:48,870
1543 they think the Australian dollar is going to do. In terms of
1544
1545 387
1546 00:25:49,050 ~-~-> 00:25:52,680
1547 bullishness or bearishness. These orders that are
1548
1549 388
1550 00:25:52,710 ~-~-> 00:25:58,800
1551 accumulated in here are going to build up over time. Price
1552
1553 389
1554 00:25:58,800 ~-~-> 00:26:02,430
1555 makes a run above this 6460 level and it starts just get up
1556
1557 390
1558 00:26:02,430 ~-~-> 00:26:06,990
1559 into the 6470. But it's not important. We're looking for
1560
1561 391
1562 00:26:07,230 ~-~-> 00:26:12,360
1563 price to go to a specific time and specific price. So we're
1564
1565 392
1566 00:26:12,360 ~-~-> 00:26:15,180
1567 looking at time and price. That's what makes optimal trade
1568
1569 393
1570 00:26:15,180 ~-~-> 00:26:18,930
1571 entry or the ICT optimal trade entry pattern. What it is,
1572
1573 394
1574 00:26:19,200 ~-~-> 00:26:21,480
1575 it's not just simply going in there and saying, okay, every
1576
1577 395
1578 00:26:21,480 ~-~-> 00:26:24,120
1579 time that price retraces it, because otherwise that's just
1580
1581 396
1582 00:26:24,120 ~-~-> 00:26:28,590
1583 Fibonacci trading, okay? Or ratio trading, or harmonic
1584
1585 397
1586 00:26:28,620 ~-~-> 00:26:31,530
1587 trading, you know, I'm saying it everyone's got a name for
1588
1589 398
1590 00:26:31,530 ~-~-> 00:26:34,500
1591 it, okay? But what I'm showing you what makes this optimal,
1592
1593 399
1594 00:26:34,950 ~-~-> 00:26:38,460
1595 okay? is the fact that it's occurring at a key time of day.
1596
1597 400
1598 00:26:39,000 ~-~-> 00:26:42,300
1599 Now, I'm not, I'm not teaching you, ICT kill zones. Okay,
1600
1601 401
1602 00:26:42,300 ~-~-> 00:26:46,620
1603 I'm gonna make it very, very simple. It's specific times a
1604
1605 402
1606 00:26:46,620 ~-~-> 00:26:49,080
1607 window, a window that begins in a window to ends and then
1608
1609 403
1610 00:26:49,080 ~-~-> 00:26:53,550
1611 we're only focusing during the New York session. Okay, so
1612
1613 404
1614 00:26:53,550 ~-~-> 00:26:56,700
1615 it's not the New York kill zone. It's the new york session.
1616
1617 405
1618 00:26:56,880 ~-~-> 00:27:01,200
1619 So it allows a great deal of flexibility It allows you also
1620
1621 406
1622 00:27:01,200 ~-~-> 00:27:05,820
1623 to look for this pattern with specific envelopes and time
1624
1625 407
1626 00:27:05,820 ~-~-> 00:27:08,610
1627 where it begins and ends. If it doesn't occur, then you
1628
1629 408
1630 00:27:08,640 ~-~-> 00:27:11,910
1631 can't do anything with it. It may form later on, and you'll
1632
1633 409
1634 00:27:11,910 ~-~-> 00:27:14,790
1635 be like, Oh, I didn't see it then and I didn't take it in.
1636
1637 410
1638 00:27:14,970 ~-~-> 00:27:19,200
1639 So I'm mad. Don't be mad. You only want something that makes
1640
1641 411
1642 00:27:19,200 ~-~-> 00:27:22,980
1643 sense and a time where you anticipate it occurring. This is
1644
1645 412
1646 00:27:23,850 ~-~-> 00:27:30,240
1647 discipline, this is focusing on a rule based premise. And
1648
1649 413
1650 00:27:30,270 ~-~-> 00:27:34,080
1651 following your price action model. This is the way
1652
1653 414
1654 00:27:34,080 ~-~-> 00:27:37,200
1655 professional traders do it. They don't get lacks in their
1656
1657 415
1658 00:27:37,620 ~-~-> 00:27:41,100
1659 rule rules and and say, Okay, well, it was good. Last 12
1660
1661 416
1662 00:27:41,100 ~-~-> 00:27:44,190
1663 times I did it, but this time, I just feel lucky. And I'm
1664
1665 417
1666 00:27:44,190 ~-~-> 00:27:47,250
1667 just going to do things slightly different. They don't do
1668
1669 418
1670 00:27:47,250 ~-~-> 00:27:51,180
1671 that. Okay, generally, if you have a model or trading plan,
1672
1673 419
1674 00:27:52,080 ~-~-> 00:27:55,200
1675 you want to stick to the rules. And that way, you're not
1676
1677 420
1678 00:27:55,200 ~-~-> 00:27:58,770
1679 going to be confused when things go awry. It's just simply a
1680
1681 421
1682 00:27:58,770 ~-~-> 00:28:02,250
1683 losing trade. You're not going to be able to avoid every
1684
1685 422
1686 00:28:02,280 ~-~-> 00:28:06,780
1687 instance of that occurring. Everyone takes losses. I take
1688
1689 423
1690 00:28:06,870 ~-~-> 00:28:12,090
1691 losses. I have lost money, okay? You're going to lose money,
1692
1693 424
1694 00:28:12,180 ~-~-> 00:28:14,700
1695 you can't avoid it. It's absolutely going to happen. If you
1696
1697 425
1698 00:28:14,700 ~-~-> 00:28:18,510
1699 put life money in here, you're going to lose money. But if
1700
1701 426
1702 00:28:18,510 ~-~-> 00:28:23,130
1703 you learn how to do this, you're going to see how often this
1704
1705 427
1706 00:28:23,130 ~-~-> 00:28:26,550
1707 signature becomes very familiar in price action, and I'll
1708
1709 428
1710 00:28:26,550 ~-~-> 00:28:31,020
1711 leave up to you what that means on an individual basis. So
1712
1713 429
1714 00:28:31,050 ~-~-> 00:28:34,410
1715 price stays around and meanders up and down gyrates until we
1716
1717 430
1718 00:28:34,410 ~-~-> 00:28:37,830
1719 get to a specific time of the day and this is going to be
1720
1721 431
1722 00:28:38,070 ~-~-> 00:28:43,290
1723 8:30am to 11 o'clock in the morning, New York time, these
1724
1725 432
1726 00:28:43,290 ~-~-> 00:28:48,810
1727 are always new york times 830 New York time to 11 o'clock,
1728
1729 433
1730 00:28:49,080 ~-~-> 00:28:49,950
1731 New York time.
1732
1733 434
1734 00:28:51,270 ~-~-> 00:28:55,320
1735 Do not email me Why is this time this and not in New York
1736
1737 435
1738 00:28:55,350 ~-~-> 00:28:58,620
1739 kill zone times? I'm not teaching mentorship. I'm not
1740
1741 436
1742 00:28:58,620 ~-~-> 00:29:02,400
1743 teaching ICT Killzone. I'm teaching you a specific price
1744
1745 437
1746 00:29:02,400 ~-~-> 00:29:05,700
1747 action model with role based ideas. And you work with just
1748
1749 438
1750 00:29:05,700 ~-~-> 00:29:09,150
1751 this, okay? I'm not reinventing it because my stuff doesn't
1752
1753 439
1754 00:29:09,150 ~-~-> 00:29:12,540
1755 work anymore. Okay, that's not what I'm doing. I'm making a
1756
1757 440
1758 00:29:12,540 ~-~-> 00:29:16,200
1759 very specific window of time. And it's based on New York
1760
1761 441
1762 00:29:16,200 ~-~-> 00:29:21,930
1763 time. So if you want to see the time window I have set you
1764
1765 442
1766 00:29:21,930 ~-~-> 00:29:24,570
1767 can see right here, this is what I have in my time setting.
1768
1769 443
1770 00:29:25,200 ~-~-> 00:29:29,190
1771 So this is what you'd look for. And then your chart will
1772
1773 444
1774 00:29:29,190 ~-~-> 00:29:34,470
1775 look like mine is here. If you live in a different time
1776
1777 445
1778 00:29:34,470 ~-~-> 00:29:36,840
1779 zone, a different country, then you need to figure out what
1780
1781 446
1782 00:29:36,840 ~-~-> 00:29:40,950
1783 that time is for you locally in where you live at. But this
1784
1785 447
1786 00:29:40,950 ~-~-> 00:29:47,070
1787 is the time that this pattern tends to form. Okay, now, the
1788
1789 448
1790 00:29:47,070 ~-~-> 00:29:50,280
1791 green shaded area in here is what everyone's familiar with
1792
1793 449
1794 00:29:50,280 ~-~-> 00:29:53,550
1795 in terms of my pattern optimal trade entry optimal trade
1796
1797 450
1798 00:29:53,550 ~-~-> 00:30:00,390
1799 entry is the 62% retracement level to the 797 retracement
1800
1801 451
1802 00:30:00,390 ~-~-> 00:30:09,780
1803 level and the mid point or 70.5 level you can see here
1804
1805 452
1806 00:30:11,219 ~-~-> 00:30:16,349
1807 and these are the levels that are highlighted. Okay. So
1808
1809 453
1810 00:30:16,409 ~-~-> 00:30:20,489
1811 everything here is what I have on my fit. So these are the,
1812
1813 454
1814 00:30:20,519 ~-~-> 00:30:23,939
1815 that's the levels that you would have for your Fibonacci
1816
1817 455
1818 00:30:23,939 ~-~-> 00:30:27,449
1819 over here, okay on trading view, so that way it's included
1820
1821 456
1822 00:30:27,449 ~-~-> 00:30:30,359
1823 now they don't change, they're not flipping around and
1824
1825 457
1826 00:30:30,749 ~-~-> 00:30:34,349
1827 making it fit because I gotta have a winner every single
1828
1829 458
1830 00:30:34,349 ~-~-> 00:30:38,429
1831 day. That's not what I'm doing here. Okay. So again, all of
1832
1833 459
1834 00:30:38,429 ~-~-> 00:30:42,389
1835 this gyration is just simply working the Bank of orders that
1836
1837 460
1838 00:30:42,389 ~-~-> 00:30:45,299
1839 come and go around that mid figure level and above the
1840
1841 461
1842 00:30:45,299 ~-~-> 00:30:49,439
1843 previous day's high. Now, remember earlier I said one of two
1844
1845 462
1846 00:30:49,439 ~-~-> 00:30:51,059
1847 things are going to happen when you're bullish, and if it
1848
1849 463
1850 00:30:51,059 ~-~-> 00:30:54,119
1851 trades to the previous day's high one it takes off and it
1852
1853 464
1854 00:30:54,119 ~-~-> 00:30:56,009
1855 doesn't give you a chance to do anything and you miss that
1856
1857 465
1858 00:30:56,009 ~-~-> 00:31:00,299
1859 opportunity or it starts to gyrate around the previous stays
1860
1861 466
1862 00:31:00,299 ~-~-> 00:31:04,319
1863 high. Okay, and you want to know what institutional price
1864
1865 467
1866 00:31:04,319 ~-~-> 00:31:07,769
1867 level you're working around the closest to it. Okay, so
1868
1869 468
1870 00:31:07,769 ~-~-> 00:31:09,689
1871 normally when we're saying closest to the previous day's
1872
1873 469
1874 00:31:09,689 ~-~-> 00:31:14,279
1875 high, in this instance, it's 6450. And then you do an
1876
1877 470
1878 00:31:14,279 ~-~-> 00:31:18,059
1879 envelope of 10 pips above that, and 10 pips below it. And
1880
1881 471
1882 00:31:18,059 ~-~-> 00:31:22,499
1883 then you, you allow basically price to generate a trading
1884
1885 472
1886 00:31:22,499 ~-~-> 00:31:27,749
1887 range until we get to this little sweet spot in time between
1888
1889 473
1890 00:31:27,749 ~-~-> 00:31:31,649
1891 830 in the morning, why 830 for your notes, 830 there's
1892
1893 474
1894 00:31:31,649 ~-~-> 00:31:33,959
1895 usually a lot of news that comes out during the New York
1896
1897 475
1898 00:31:33,959 ~-~-> 00:31:39,509
1899 session. Okay, so the 830 new session. Usually, it's like
1900
1901 476
1902 00:31:39,509 ~-~-> 00:31:44,249
1903 non farm payroll will come out some other kind of report. I
1904
1905 477
1906 00:31:44,249 ~-~-> 00:31:46,289
1907 don't off the top my head know what they are. And I don't
1908
1909 478
1910 00:31:46,289 ~-~-> 00:31:48,449
1911 really care to know what they are really, because I don't
1912
1913 479
1914 00:31:48,479 ~-~-> 00:31:52,829
1915 have any real specific affinity for one particular set of
1916
1917 480
1918 00:31:52,859 ~-~-> 00:31:56,159
1919 data because they always come in in now in terms of what's
1920
1921 481
1922 00:31:56,159 ~-~-> 00:31:59,579
1923 relevant right now. What's the focus right now, whereas at
1924
1925 482
1926 00:31:59,579 ~-~-> 00:32:02,879
1927 the time of this Recording employment numbers, or the lack
1928
1929 483
1930 00:32:02,879 ~-~-> 00:32:06,209
1931 of employment is the main focus right now, because
1932
1933 484
1934 00:32:06,209 ~-~-> 00:32:10,349
1935 everyone's at home or without a job because of the illness
1936
1937 485
1938 00:32:10,349 ~-~-> 00:32:16,169
1939 that's been spreading. So when we get to 830, you want to
1940
1941 486
1942 00:32:16,169 ~-~-> 00:32:20,579
1943 see price. Try to trade when you're bullish trade down into
1944
1945 487
1946 00:32:20,669 ~-~-> 00:32:27,029
1947 62 to 79% retracement level on the fib. Now, that is your
1948
1949 488
1950 00:32:27,029 ~-~-> 00:32:33,179
1951 range determined from the low to the high once this previous
1952
1953 489
1954 00:32:33,179 ~-~-> 00:32:37,949
1955 day's high is broken. If this was a bearish scenario, we
1956
1957 490
1958 00:32:37,949 ~-~-> 00:32:40,619
1959 would just do the opposite of what's been seen here. Once
1960
1961 491
1962 00:32:40,619 ~-~-> 00:32:44,339
1963 the low of the previous day's low is broken. We would use a
1964
1965 492
1966 00:32:44,339 ~-~-> 00:32:49,289
1967 short term high to a short term low that would be below the
1968
1969 493
1970 00:32:49,289 ~-~-> 00:32:51,419
1971 previous day's low when you're bearish. But in this
1972
1973 494
1974 00:32:51,419 ~-~-> 00:32:54,419
1975 instance, obviously we're bullish, so we want to use a short
1976
1977 495
1978 00:32:54,419 ~-~-> 00:32:59,969
1979 term low to the short term high so this range is the range
1980
1981 496
1982 00:32:59,999 ~-~-> 00:33:05,669
1983 Prior to the formation of the New York session of 830 in the
1984
1985 497
1986 00:33:05,669 ~-~-> 00:33:07,829
1987 morning, New York time to 11 o'clock in the morning, New
1988
1989 498
1990 00:33:07,829 ~-~-> 00:33:12,719
1991 York time, why 11 o'clock, that's typically around when
1992
1993 499
1994 00:33:12,749 ~-~-> 00:33:17,159
1995 London clothes occurs. And usually it's also the time when
1996
1997 500
1998 00:33:17,819 ~-~-> 00:33:22,919
1999 the am session starts to wane. In the New York session and
2000
2001 501
2002 00:33:23,399 ~-~-> 00:33:28,109
2003 early lunch takers did leave the marketplace. That volume is
2004
2005 502
2006 00:33:28,229 ~-~-> 00:33:32,249
2007 no longer available in through noon to one o'clock in the
2008
2009 503
2010 00:33:32,249 ~-~-> 00:33:35,429
2011 afternoon. That's generally the New York lunch and it can be
2012
2013 504
2014 00:33:35,429 ~-~-> 00:33:38,099
2015 quiet during those times. You only want to be looking for
2016
2017 505
2018 00:33:38,099 ~-~-> 00:33:41,609
2019 this pattern up to 11 o'clock in the morning, after 11
2020
2021 506
2022 00:33:41,609 ~-~-> 00:33:46,409
2023 o'clock. It can form but it's something other than what I'm
2024
2025 507
2026 00:33:46,409 ~-~-> 00:33:49,799
2027 teaching here. And that's not important. The point is, is
2028
2029 508
2030 00:33:49,799 ~-~-> 00:33:52,709
2031 you want to see this pattern form during this time of day
2032
2033 509
2034 00:33:52,859 ~-~-> 00:33:57,029
2035 with the bias determined by what you determined. When your
2036
2037 510
2038 00:33:57,029 ~-~-> 00:33:58,709
2039 daily chart Do you think the previous day's highs gonna be
2040
2041 511
2042 00:33:58,709 ~-~-> 00:34:00,959
2043 taken out or the previous day's low today. Now, here's the
2044
2045 512
2046 00:34:00,959 ~-~-> 00:34:03,539
2047 thing, the beautiful, beautiful thing really is is many
2048
2049 513
2050 00:34:03,539 ~-~-> 00:34:06,179
2051 times you don't even need a bias. You just wait for the
2052
2053 514
2054 00:34:06,419 ~-~-> 00:34:09,659
2055 chart to show you what it's done. Does it take out the
2056
2057 515
2058 00:34:09,659 ~-~-> 00:34:13,019
2059 previous day's high, or the previous day's low? At this time
2060
2061 516
2062 00:34:13,019 ~-~-> 00:34:17,579
2063 of day? What has it done while the here's Midnight in New
2064
2065 517
2066 00:34:17,579 ~-~-> 00:34:21,509
2067 York, and during the London session, it created a run
2068
2069 518
2070 00:34:21,509 ~-~-> 00:34:26,729
2071 higher. So there's been a lot of buying taking place to get
2072
2073 519
2074 00:34:26,729 ~-~-> 00:34:30,089
2075 above the previous day's high, does it create an optimal
2076
2077 520
2078 00:34:30,089 ~-~-> 00:34:33,209
2079 trade entry, so the low to the high that's why I had the fib
2080
2081 521
2082 00:34:33,209 ~-~-> 00:34:35,819
2083 drawn on, even though it's drugged out to here that way, you
2084
2085 522
2086 00:34:35,819 ~-~-> 00:34:39,929
2087 can see over the levels how they line up nicely with time.
2088
2089 523
2090 00:34:41,189 ~-~-> 00:34:45,389
2091 So we have two components here we have the element of time.
2092
2093 524
2094 00:34:47,309 ~-~-> 00:34:52,199
2095 And we have the element of price. So price is the level
2096
2097 525
2098 00:34:52,199 ~-~-> 00:34:56,009
2099 determined by the fib relative to its high and low of that
2100
2101 526
2102 00:34:56,009 ~-~-> 00:34:56,609
2103 range.
2104
2105 527
2106 00:34:57,960 ~-~-> 00:35:04,530
2107 Time is static This is always static, it does not change, it
2108
2109 528
2110 00:35:04,530 ~-~-> 00:35:07,620
2111 does not deviate. It's 830 in the morning, New York time to
2112
2113 529
2114 00:35:07,620 ~-~-> 00:35:12,450
2115 11 o'clock, it does not change. So the easy way to do that
2116
2117 530
2118 00:35:12,450 ~-~-> 00:35:17,190
2119 is simply just get a horizontal, I'm sorry, a vertical line
2120
2121 531
2122 00:35:19,410 ~-~-> 00:35:20,100
2123 and put it
2124
2125 532
2126 00:35:23,730 ~-~-> 00:35:30,210
2127 at these specific times. If you do that,
2128
2129 533
2130 00:35:40,710 ~-~-> 00:35:45,930
2131 you know, in between these two vertical lines, you don't
2132
2133 534
2134 00:35:45,930 ~-~-> 00:35:51,210
2135 need to have a guess as to when something's going to form.
2136
2137 535
2138 00:35:51,240 ~-~-> 00:35:54,510
2139 You know, when when price enters this area between the first
2140
2141 536
2142 00:35:54,510 ~-~-> 00:35:57,750
2143 vertical line up to the second vertical line, you're
2144
2145 537
2146 00:35:57,750 ~-~-> 00:36:01,080
2147 anticipating an optimal trade entry to form So that's the
2148
2149 538
2150 00:36:01,110 ~-~-> 00:36:05,700
2151 expectation that you'll have by having your vertical lines
2152
2153 539
2154 00:36:05,700 ~-~-> 00:36:07,740
2155 on here. So you don't right now have a whole lot of business
2156
2157 540
2158 00:36:07,740 ~-~-> 00:36:13,710
2159 on this chart. But you can see clearly that this is what the
2160
2161 541
2162 00:36:13,710 ~-~-> 00:36:17,550
2163 time element would be to this pattern. Price is always going
2164
2165 542
2166 00:36:17,550 ~-~-> 00:36:21,150
2167 to be between 62% annotation level and the sub nine tracing
2168
2169 543
2170 00:36:21,150 ~-~-> 00:36:26,430
2171 level, which is 79 here, and 62 is just underneath that 50
2172
2173 544
2174 00:36:26,430 ~-~-> 00:36:30,570
2175 level. Okay, so 6450 is this black line here. So it cleans
2176
2177 545
2178 00:36:30,570 ~-~-> 00:36:37,320
2179 it up a little bit. Okay, so you can see 60 to 79, and 70.5,
2180
2181 546
2182 00:36:37,560 ~-~-> 00:36:41,550
2183 which is a sweet spot or optimal trade entry. Okay? When
2184
2185 547
2186 00:36:41,550 ~-~-> 00:36:46,440
2187 price drops down into this level, you can be a buyer on
2188
2189 548
2190 00:36:46,440 ~-~-> 00:36:50,460
2191 paper or demo, and I'm not going to save you on that,
2192
2193 549
2194 00:36:50,640 ~-~-> 00:36:53,490
2195 because I'm not licensed to do that, but we're studying
2196
2197 550
2198 00:36:53,490 ~-~-> 00:36:56,610
2199 price action, and you could be a buyer here with the
2200
2201 551
2202 00:36:56,610 ~-~-> 00:37:00,000
2203 expectation that we would see it expand. now. I'll get up
2204
2205 552
2206 00:37:00,000 ~-~-> 00:37:03,360
2207 Here to talk about these levels in a minute. But right now,
2208
2209 553
2210 00:37:03,810 ~-~-> 00:37:07,020
2211 this low is where your stop would have to be below that.
2212
2213 554
2214 00:37:07,260 ~-~-> 00:37:10,320
2215 Okay, so the lowest candle, what we're anchoring the fifth
2216
2217 555
2218 00:37:10,320 ~-~-> 00:37:14,700
2219 on the low is 6434 and seventh with that so you can do a
2220
2221 556
2222 00:37:14,700 ~-~-> 00:37:20,850
2223 stop at 6430. Okay, so here's your stop 6430 darker colors
2224
2225 557
2226 00:37:20,850 ~-~-> 00:37:28,170
2227 and agency. So, your stock could be at 6430. So your stock
2228
2229 558
2230 00:37:28,170 ~-~-> 00:37:33,750
2231 could be at 6430. Your entry could be at the 62% retracement
2232
2233 559
2234 00:37:33,750 ~-~-> 00:37:38,190
2235 level is 6449 and seven bets. So basically we can just
2236
2237 560
2238 00:37:38,190 ~-~-> 00:37:42,720
2239 simply say if a trace is 6450 you can be a buyer. Okay, cuz
2240
2241 561
2242 00:37:42,720 ~-~-> 00:37:47,400
2243 you're gonna look for the institutional level and the lower
2244
2245 562
2246 00:37:47,400 ~-~-> 00:37:51,240
2247 you get down into the 700 retracement level, the less likely
2248
2249 563
2250 00:37:51,240 ~-~-> 00:37:54,030
2251 you're going to get your fill because you demand 79%
2252
2253 564
2254 00:37:54,030 ~-~-> 00:37:56,700
2255 retracement level here you may or may not get that with the
2256
2257 565
2258 00:37:56,700 ~-~-> 00:38:00,720
2259 spread. Okay so what I like to use is 60% trade level and
2260
2261 566
2262 00:38:00,720 ~-~-> 00:38:03,540
2263 then maybe factor in the spread there. But if you're using
2264
2265 567
2266 00:38:03,540 ~-~-> 00:38:07,680
2267 62, generally it's a little bit more forgiving. Because you
2268
2269 568
2270 00:38:07,680 ~-~-> 00:38:10,650
2271 don't need to add always in my, in my experience using 60%
2272
2273 569
2274 00:38:10,650 ~-~-> 00:38:14,790
2275 tracing level, you can absolutely get it because you're
2276
2277 570
2278 00:38:14,790 ~-~-> 00:38:18,120
2279 going to dip even further generally into the 70 and a half.
2280
2281 571
2282 00:38:18,420 ~-~-> 00:38:20,820
2283 And sometimes it is sometimes trade some level but that's
2284
2285 572
2286 00:38:20,820 ~-~-> 00:38:26,760
2287 our range price and this is our time window. So the fact
2288
2289 573
2290 00:38:26,760 ~-~-> 00:38:32,520
2291 that we're looking at this specific area, if we use a limit
2292
2293 574
2294 00:38:32,520 ~-~-> 00:38:35,550
2295 order at 62% retracement level, if it trades below that
2296
2297 575
2298 00:38:35,550 ~-~-> 00:38:38,700
2299 you're filled, your stock would be placed here and then
2300
2301 576
2302 00:38:38,700 ~-~-> 00:38:46,740
2303 using the fib levels. Point 54.5 negative 0.5 rather, this
2304
2305 577
2306 00:38:46,740 ~-~-> 00:38:52,050
2307 is an area where you take first profit if it allows you if
2308
2309 578
2310 00:38:52,050 ~-~-> 00:38:57,030
2311 it allows you 15 pips or more. Okay, so there's your rules
2312
2313 579
2314 00:38:57,120 ~-~-> 00:39:03,030
2315 you want to take 15 pips at first scalp exit to negative 0.5
2316
2317 580
2318 00:39:03,030 ~-~-> 00:39:06,960
2319 level, and then the negative one level, which would be one
2320
2321 581
2322 00:39:06,960 ~-~-> 00:39:10,530
2323 standard deviation of the range that you calculate for your
2324
2325 582
2326 00:39:10,530 ~-~-> 00:39:13,170
2327 fib. So now what you're drawing your low to your high here,
2328
2329 583
2330 00:39:13,590 ~-~-> 00:39:18,630
2331 that range here if it's duplicated, and basically projected
2332
2333 584
2334 00:39:18,630 ~-~-> 00:39:22,860
2335 higher, a measured move of that would be this level up here.
2336
2337 585
2338 00:39:23,340 ~-~-> 00:39:26,130
2339 Now, since we have that, since it's suggesting here in the
2340
2341 586
2342 00:39:26,130 ~-~-> 00:39:33,180
2343 fib, it's 0.6513 and five PIP bets. We want the highest
2344
2345 587
2346 00:39:33,180 ~-~-> 00:39:36,780
2347 degree of probability for our Global's for scaling and
2348
2349 588
2350 00:39:36,780 ~-~-> 00:39:39,630
2351 taking profits. This would be an area where we can take
2352
2353 589
2354 00:39:39,630 ~-~-> 00:39:43,890
2355 profits again. So first scaling would be here at negative
2356
2357 590
2358 00:39:43,890 ~-~-> 00:39:49,710
2359 0.5. But the minimum expectation is 15 pips, so you have to
2360
2361 591
2362 00:39:49,710 ~-~-> 00:39:53,520
2363 be able to get 15 pips. You can't get 15 pips here, but you
2364
2365 592
2366 00:39:53,520 ~-~-> 00:39:56,760
2367 can get it here or more than this is where you would take
2368
2369 593
2370 00:39:56,760 ~-~-> 00:40:02,160
2371 first profit. Okay, here is just One level we read expect
2372
2373 594
2374 00:40:02,160 ~-~-> 00:40:06,960
2375 it. In this instance here we can see at 6450 or so getting
2376
2377 595
2378 00:40:06,960 ~-~-> 00:40:15,630
2379 out at 6493. That's 43 pips almost 43 pips of potential
2380
2381 596
2382 00:40:15,630 ~-~-> 00:40:17,640
2383 profit at first scaling.
2384
2385 597
2386 00:40:19,529 ~-~-> 00:40:26,909
2387 The next level up here would be 6513, and five, but it may
2388
2389 598
2390 00:40:26,909 ~-~-> 00:40:29,759
2391 not get to these levels. Again, Fibonacci is not the answer
2392
2393 599
2394 00:40:29,759 ~-~-> 00:40:32,399
2395 to everything in the marketplace. Even though this is giving
2396
2397 600
2398 00:40:32,399 ~-~-> 00:40:37,379
2399 you a general rule principle, and in theory, it's going to
2400
2401 601
2402 00:40:37,379 ~-~-> 00:40:41,579
2403 get you very, very close to some really sweet setups do not
2404
2405 602
2406 00:40:41,579 ~-~-> 00:40:45,269
2407 demand that the price reaches to these levels for your
2408
2409 603
2410 00:40:45,269 ~-~-> 00:40:48,149
2411 targets. What I do and this is how I teach my students as
2412
2413 604
2414 00:40:48,149 ~-~-> 00:40:52,139
2415 well, if this is the fifth level that we're looking for,
2416
2417 605
2418 00:40:52,439 ~-~-> 00:40:56,249
2419 okay, in other words, if your calculations suggest that this
2420
2421 606
2422 00:40:56,249 ~-~-> 00:41:00,179
2423 is what the range level for negative one would be, The
2424
2425 607
2426 00:41:00,179 ~-~-> 00:41:09,389
2427 projection 6510 is the nearest 10 level without getting up
2428
2429 608
2430 00:41:09,389 ~-~-> 00:41:12,329
2431 to that level. So what we're doing is we're rounding down to
2432
2433 609
2434 00:41:12,329 ~-~-> 00:41:15,809
2435 the next 10 level. Okay, so wherever this level would be,
2436
2437 610
2438 00:41:15,809 ~-~-> 00:41:20,699
2439 say it was 15, it would still be 6510 for me, so I'd be
2440
2441 611
2442 00:41:20,699 ~-~-> 00:41:25,469
2443 looking to take profit, or scaling out here. If this level
2444
2445 612
2446 00:41:25,469 ~-~-> 00:41:29,519
2447 was at 15 or more pips, this would be my first scaling from
2448
2449 613
2450 00:41:29,519 ~-~-> 00:41:35,879
2451 my entry down here at 6450. So 6450 was my limit on entry
2452
2453 614
2454 00:41:36,539 ~-~-> 00:41:42,989
2455 for general principles, and the stop would be 6430. So it's
2456
2457 615
2458 00:41:42,989 ~-~-> 00:41:48,179
2459 a 20 PIP stop. And, again, forget risk reward. We're not
2460
2461 616
2462 00:41:48,179 ~-~-> 00:41:50,549
2463 teaching that don't think it has to be three to one, it has
2464
2465 617
2466 00:41:50,549 ~-~-> 00:41:54,419
2467 to be five to one. If it's one to one, it's still good. In
2468
2469 618
2470 00:41:54,419 ~-~-> 00:41:57,089
2471 my opinion, it's good because if you have a setup that
2472
2473 619
2474 00:41:57,089 ~-~-> 00:41:59,489
2475 repeats over and over and over again very frequently, I
2476
2477 620
2478 00:41:59,489 ~-~-> 00:42:01,559
2479 understand that Except the fact I'm not going to be a winner
2480
2481 621
2482 00:42:01,559 ~-~-> 00:42:04,349
2483 on every single trade, I'm going to take losses. But if I
2484
2485 622
2486 00:42:04,349 ~-~-> 00:42:09,179
2487 have a system that doesn't require me to spend a lot of
2488
2489 623
2490 00:42:09,179 ~-~-> 00:42:13,259
2491 money when I'm losing, but I do have a high frequency of
2492
2493 624
2494 00:42:13,619 ~-~-> 00:42:17,519
2495 accuracy. And if you look at this, you'll determine if this
2496
2497 625
2498 00:42:17,519 ~-~-> 00:42:20,279
2499 does or doesn't have a lot of accuracy. But nonetheless, by
2500
2501 626
2502 00:42:20,279 ~-~-> 00:42:24,779
2503 looking at and studying it, with this logic behind it, it's
2504
2505 627
2506 00:42:24,779 ~-~-> 00:42:28,139
2507 not the fib that's creating it. The logic is we've traded
2508
2509 628
2510 00:42:28,139 ~-~-> 00:42:31,019
2511 above the previous day's high in a relatively bullish
2512
2513 629
2514 00:42:31,049 ~-~-> 00:42:36,449
2515 scenario. So we're lending well on this example for bias but
2516
2517 630
2518 00:42:36,449 ~-~-> 00:42:39,569
2519 it doesn't require bias if you blow up the previous day's
2520
2521 631
2522 00:42:39,569 ~-~-> 00:42:42,449
2523 high or block the previous day's low. You still look for
2524
2525 632
2526 00:42:42,449 ~-~-> 00:42:46,919
2527 these general theories to pan out. And again, it's not about
2528
2529 633
2530 00:42:46,919 ~-~-> 00:42:48,719
2531 right or wrong. You're not supposed to be taking live trades
2532
2533 634
2534 00:42:48,719 ~-~-> 00:42:50,789
2535 with this. I'm not enticing you to take trades with this.
2536
2537 635
2538 00:42:51,089 ~-~-> 00:42:54,599
2539 I'm teaching you how to read the tape, how to read the price
2540
2541 636
2542 00:42:54,599 ~-~-> 00:42:59,339
2543 action and forecast setups that will repeat if you know what
2544
2545 637
2546 00:42:59,339 ~-~-> 00:43:04,229
2547 you're looking for. So, first profit here we could take
2548
2549 638
2550 00:43:04,259 ~-~-> 00:43:08,339
2551 obviously at 93, and eight that that's, that's 40 plus pips
2552
2553 639
2554 00:43:08,369 ~-~-> 00:43:12,359
2555 so that definitely will meet the minimum criteria 15 pips
2556
2557 640
2558 00:43:12,359 ~-~-> 00:43:15,569
2559 before for scaling. And then you can get another scaling out
2560
2561 641
2562 00:43:15,599 ~-~-> 00:43:20,279
2563 at 6510, which has rounded down to from the fib level here,
2564
2565 642
2566 00:43:20,429 ~-~-> 00:43:23,249
2567 it can hit this fib level or can go through it a little bit
2568
2569 643
2570 00:43:23,249 ~-~-> 00:43:25,769
2571 more. And that's fine. This is where you would take your
2572
2573 644
2574 00:43:25,769 ~-~-> 00:43:31,409
2575 next level of profit taking. If you can get first scaling,
2576
2577 645
2578 00:43:32,009 ~-~-> 00:43:35,249
2579 where it's 15 pips or more, you want to start reducing your
2580
2581 646
2582 00:43:35,279 ~-~-> 00:43:39,239
2583 your risk on your stop to about midpoint of the range that
2584
2585 647
2586 00:43:39,239 ~-~-> 00:43:41,669
2587 you identified here. Because if it comes back down into
2588
2589 648
2590 00:43:41,669 ~-~-> 00:43:43,649
2591 that, it's generally not a good idea to hold on to the
2592
2593 649
2594 00:43:43,649 ~-~-> 00:43:46,769
2595 trade. Let let it stop you out. You've taken something
2596
2597 650
2598 00:43:46,829 ~-~-> 00:43:50,939
2599 partial, and then you reduced your risk. And then if it
2600
2601 651
2602 00:43:50,939 ~-~-> 00:43:53,009
2603 comes back down and stops you out, you've taken something
2604
2605 652
2606 00:43:53,039 ~-~-> 00:43:56,849
2607 off the bone you got a bite of flesh, and if it comes back
2608
2609 653
2610 00:43:56,849 ~-~-> 00:43:58,889
2611 down, you didn't get stopped out with a loss. That's in
2612
2613 654
2614 00:43:58,889 ~-~-> 00:44:01,589
2615 theory, what we're saying Hear. And if it gets second
2616
2617 655
2618 00:44:03,149 ~-~-> 00:44:06,209
2619 scaling, if you ever get a second scaling, you have to be
2620
2621 656
2622 00:44:06,209 ~-~-> 00:44:09,299
2623 above your entry point, at least two or three pips and just
2624
2625 657
2626 00:44:09,419 ~-~-> 00:44:14,699
2627 let it go. Okay, so that way you've gotten two pieces of
2628
2629 658
2630 00:44:14,699 ~-~-> 00:44:17,009
2631 meat off the bone. And now you're in a position where your
2632
2633 659
2634 00:44:17,009 ~-~-> 00:44:20,459
2635 stop should, in theory protect you from taking a loss. On
2636
2637 660
2638 00:44:20,459 ~-~-> 00:44:22,769
2639 the remaining balance, it does not mean you can't take a
2640
2641 661
2642 00:44:22,769 ~-~-> 00:44:26,429
2643 loss because you can, as long as the trades open, you are
2644
2645 662
2646 00:44:26,909 ~-~-> 00:44:31,469
2647 inviting risk, and the market can always get down or above
2648
2649 663
2650 00:44:31,679 ~-~-> 00:44:35,069
2651 your stop loss and that's just life. Okay, and a lot of
2652
2653 664
2654 00:44:35,069 ~-~-> 00:44:37,289
2655 people don't realize that they're listening to people
2656
2657 665
2658 00:44:37,289 ~-~-> 00:44:40,409
2659 online. Oh, my stops gonna do my job. Nope, not always
2660
2661 666
2662 00:44:40,439 ~-~-> 00:44:44,729
2663 assist. That's the best case scenario. And sometimes the
2664
2665 667
2666 00:44:44,729 ~-~-> 00:44:49,169
2667 best case scenario doesn't work out. So we can see how price
2668
2669 668
2670 00:44:49,169 ~-~-> 00:44:52,619
2671 eventually makes a run up into 6510.
2672
2673 669
2674 00:44:54,990 ~-~-> 00:44:57,810
2675 Right, Derek gives us a nice little opportunity to scale off
2676
2677 670
2678 00:44:58,110 ~-~-> 00:45:03,210
2679 10 pips. I'm sorry. 6510 which is three and a half pips
2680
2681 671
2682 00:45:03,210 ~-~-> 00:45:06,480
2683 below where the fib projected to, but that does not mean
2684
2685 672
2686 00:45:06,480 ~-~-> 00:45:09,180
2687 collapse the trade. Okay? It doesn't mean get out of the
2688
2689 673
2690 00:45:09,180 ~-~-> 00:45:13,080
2691 trade leave a little bit on. So the again, the assumption is
2692
2693 674
2694 00:45:13,110 ~-~-> 00:45:15,660
2695 when your paper trading this or if you're a demo trading and
2696
2697 675
2698 00:45:15,690 ~-~-> 00:45:19,260
2699 you want to use a lot size that allows you to have multiple,
2700
2701 676
2702 00:45:19,380 ~-~-> 00:45:22,860
2703 in my case, I like to look for leverage that allows me to
2704
2705 677
2706 00:45:22,860 ~-~-> 00:45:27,210
2707 take three partials and then give me something to let run.
2708
2709 678
2710 00:45:27,840 ~-~-> 00:45:31,920
2711 That means I can get four stages of scaling out of that
2712
2713 679
2714 00:45:31,950 ~-~-> 00:45:34,980
2715 position. Not all positions will allow me to do that. And
2716
2717 680
2718 00:45:34,980 ~-~-> 00:45:37,800
2719 here's the thing. If it doesn't let me do that. I don't take
2720
2721 681
2722 00:45:37,800 ~-~-> 00:45:41,370
2723 that trade. So I've given you something bonus in here, where
2724
2725 682
2726 00:45:41,370 ~-~-> 00:45:47,280
2727 it helps me determine with a decision based process and, and
2728
2729 683
2730 00:45:47,280 ~-~-> 00:45:51,030
2731 protocols that leads to me getting into a trade. There's
2732
2733 684
2734 00:45:51,030 ~-~-> 00:45:55,050
2735 lots of times I see moves coming, and I can see them for me,
2736
2737 685
2738 00:45:55,200 ~-~-> 00:45:57,450
2739 I can see exactly when they're going to turn exactly where
2740
2741 686
2742 00:45:57,450 ~-~-> 00:46:00,720
2743 they're likely to go, but I'm not in them because They don't
2744
2745 687
2746 00:46:00,720 ~-~-> 00:46:05,100
2747 meet all the criteria that I demand of my setups. So there's
2748
2749 688
2750 00:46:05,100 ~-~-> 00:46:09,390
2751 nothing wrong with being very, very dependent on your rules
2752
2753 689
2754 00:46:09,390 ~-~-> 00:46:11,640
2755 and only executing in that it's actually a good thing. It
2756
2757 690
2758 00:46:11,640 ~-~-> 00:46:16,020
2759 builds discipline, it builds maturity as a trader, and you
2760
2761 691
2762 00:46:16,020 ~-~-> 00:46:20,640
2763 will not be shaken by a lot of the things that a trader that
2764
2765 692
2766 00:46:20,640 ~-~-> 00:46:23,430
2767 doesn't have rule based ideas that sticks to them very
2768
2769 693
2770 00:46:23,430 ~-~-> 00:46:27,720
2771 rigid. Will they will generally be encountering a lot more
2772
2773 694
2774 00:46:27,750 ~-~-> 00:46:33,480
2775 stress, anxiety, because they're always guessing as to what
2776
2777 695
2778 00:46:33,480 ~-~-> 00:46:35,970
2779 they should be doing versus this is what I'm doing. This is
2780
2781 696
2782 00:46:35,970 ~-~-> 00:46:37,920
2783 the time of day I'm doing it. And I'm looking forward to go
2784
2785 697
2786 00:46:37,920 ~-~-> 00:46:40,380
2787 long. I'm looking for it to go short. If it doesn't fit the
2788
2789 698
2790 00:46:40,380 ~-~-> 00:46:44,850
2791 criteria, you don't do anything. And you let it go. And
2792
2793 699
2794 00:46:44,850 ~-~-> 00:46:50,520
2795 you'll see over weeks of time doing that. You'll, in theory,
2796
2797 700
2798 00:46:50,550 ~-~-> 00:46:54,600
2799 protect yourself from taking from taking on more risk than
2800
2801 701
2802 00:46:54,600 ~-~-> 00:46:58,230
2803 you're supposed to, or should and you're gonna be working
2804
2805 702
2806 00:46:58,230 ~-~-> 00:47:02,520
2807 towards a perception of price action that is going to be
2808
2809 703
2810 00:47:02,550 ~-~-> 00:47:05,700
2811 appreciated by you. And your bottom line and your results
2812
2813 704
2814 00:47:05,730 ~-~-> 00:47:09,060
2815 will show that. But again, you're going to take losses,
2816
2817 705
2818 00:47:09,060 ~-~-> 00:47:12,180
2819 you're going to get it wrong. This is not a magic recipe for
2820
2821 706
2822 00:47:12,180 ~-~-> 00:47:16,170
2823 always winning trading, okay? It's just something to start
2824
2825 707
2826 00:47:16,170 ~-~-> 00:47:20,010
2827 with. It's rule based, and you stick with it come hell or
2828
2829 708
2830 00:47:20,010 ~-~-> 00:47:24,540
2831 high water. You do this for weeks, and you see if it pans
2832
2833 709
2834 00:47:24,540 ~-~-> 00:47:28,230
2835 out and shows any kind of merit. And I promise you, if you
2836
2837 710
2838 00:47:28,230 ~-~-> 00:47:33,300
2839 do this, you're going to see it. So the market comes up to
2840
2841 711
2842 00:47:33,300 ~-~-> 00:47:37,530
2843 that 6510 level has a reaction retraces back down into some
2844
2845 712
2846 00:47:37,530 ~-~-> 00:47:41,490
2847 overflow. And we want to keep something in and we want to
2848
2849 713
2850 00:47:41,490 ~-~-> 00:47:45,030
2851 keep a leader in water, see if we can catch a runner. And
2852
2853 714
2854 00:47:45,030 ~-~-> 00:47:48,990
2855 the fib will hopefully give us another level of importance.
2856
2857 715
2858 00:47:49,110 ~-~-> 00:47:56,370
2859 And if we scrunch it down Okay, we have 6552 and nine PIP
2860
2861 716
2862 00:47:56,370 ~-~-> 00:48:00,720
2863 bets. Okay, so that's the next level, which would be This
2864
2865 717
2866 00:48:00,720 ~-~-> 00:48:04,560
2867 range two times, that's one of it here. And then the second
2868
2869 718
2870 00:48:04,560 ~-~-> 00:48:08,790
2871 one here. So this is two standard deviations. This level in
2872
2873 719
2874 00:48:08,790 ~-~-> 00:48:11,250
2875 here, generally if for day trading, if you ever get an
2876
2877 720
2878 00:48:11,250 ~-~-> 00:48:15,000
2879 explosive move, I want to be out at this point here, and I'm
2880
2881 721
2882 00:48:15,000 ~-~-> 00:48:19,650
2883 content with. If it runs more, I don't care. I'm not a long
2884
2885 722
2886 00:48:19,650 ~-~-> 00:48:22,230
2887 term position trader, and it could continue for six months.
2888
2889 723
2890 00:48:22,230 ~-~-> 00:48:25,500
2891 And everybody can say, Yeah, but you missed this it ICT and
2892
2893 724
2894 00:48:25,500 ~-~-> 00:48:28,320
2895 it's I'm not interested, I could care less. I want
2896
2897 725
2898 00:48:28,620 ~-~-> 00:48:31,980
2899 consistency. I want continuity. And I want the ability to be
2900
2901 726
2902 00:48:31,980 ~-~-> 00:48:34,110
2903 able to see these things repeat over and over and over
2904
2905 727
2906 00:48:34,110 ~-~-> 00:48:39,510
2907 again. trades, okay? For a neophyte are mysterious. They
2908
2909 728
2910 00:48:39,510 ~-~-> 00:48:42,390
2911 sneak up on them, they surprise them. They're like, well,
2912
2913 729
2914 00:48:42,420 ~-~-> 00:48:44,430
2915 what just happened? You ever noticed that when you get
2916
2917 730
2918 00:48:44,430 ~-~-> 00:48:49,740
2919 online, and you see people on Twitter, Instagram, whatever,
2920
2921 731
2922 00:48:49,770 ~-~-> 00:48:54,150
2923 okay. Yeah, any of these chat room things, these these trade
2924
2925 732
2926 00:48:54,150 ~-~-> 00:48:56,970
2927 rooms, they're all like surprised Whoa, what happened with
2928
2929 733
2930 00:48:56,970 ~-~-> 00:48:59,550
2931 the so and so and now they're only interested in that pair
2932
2933 734
2934 00:48:59,550 ~-~-> 00:49:04,740
2935 or that mark? as it moved, you are not going to be
2936
2937 735
2938 00:49:04,740 ~-~-> 00:49:09,600
2939 surprised. You're going to be anticipating, okay, you're
2940
2941 736
2942 00:49:09,600 ~-~-> 00:49:12,750
2943 gonna be anticipating. And by anticipating things occurring
2944
2945 737
2946 00:49:12,780 ~-~-> 00:49:17,250
2947 around a specific time of day around a rule based idea and a
2948
2949 738
2950 00:49:17,250 ~-~-> 00:49:19,650
2951 pattern that you're familiar with, and seen over and over
2952
2953 739
2954 00:49:19,650 ~-~-> 00:49:22,740
2955 again. Now let's go back to that analogy about buying a car
2956
2957 740
2958 00:49:22,920 ~-~-> 00:49:26,190
2959 that you have a lot of affinity for. It's a sports car or
2960
2961 741
2962 00:49:26,190 ~-~-> 00:49:29,520
2963 it's a luxury car. You like this car, you can't imagine
2964
2965 742
2966 00:49:29,520 ~-~-> 00:49:33,090
2967 being anything else but the driver of that car and you buy
2968
2969 743
2970 00:49:33,090 ~-~-> 00:49:36,000
2971 it, you bring it home. Remember, generally when you look
2972
2973 744
2974 00:49:36,000 ~-~-> 00:49:40,110
2975 around, very soon after taking you home, you will start
2976
2977 745
2978 00:49:40,110 ~-~-> 00:49:42,450
2979 seeing that car more because you have
2980
2981 746
2982 00:49:43,740 ~-~-> 00:49:49,710
2983 activated your filter in your your attention, to elect to
2984
2985 747
2986 00:49:49,710 ~-~-> 00:49:54,330
2987 let these cars, get your attention. Okay, and that's what
2988
2989 748
2990 00:49:54,330 ~-~-> 00:49:56,940
2991 you're doing. You're teaching yourself to see this pattern
2992
2993 749
2994 00:49:56,970 ~-~-> 00:50:01,320
2995 over and over and over again in price action and By default,
2996
2997 750
2998 00:50:01,770 ~-~-> 00:50:06,150
2999 what happens is, when you start seeing it form live with
3000
3001 751
3002 00:50:06,150 ~-~-> 00:50:08,910
3003 everything on your chart annotating the time of day, what
3004
3005 752
3006 00:50:08,910 ~-~-> 00:50:10,590
3007 you're anticipating in terms of the direction that it's
3008
3009 753
3010 00:50:10,590 ~-~-> 00:50:13,470
3011 supposed to expand up or down relative to the market being
3012
3013 754
3014 00:50:13,470 ~-~-> 00:50:16,500
3015 bullish or bearish relative to it running the previous day's
3016
3017 755
3018 00:50:16,500 ~-~-> 00:50:22,440
3019 high or low. You will see the pattern form live. And you'll
3020
3021 756
3022 00:50:22,440 ~-~-> 00:50:25,080
3023 know what it looks like and you'll trust what you have
3024
3025 757
3026 00:50:25,080 ~-~-> 00:50:30,180
3027 practice in hindsight, weeks and months of it. And now, when
3028
3029 758
3030 00:50:30,180 ~-~-> 00:50:33,690
3031 you watch price action live, it'll be like, I see it. It's
3032
3033 759
3034 00:50:33,690 ~-~-> 00:50:38,310
3035 right there. And you won't be surprised. You won't be taken
3036
3037 760
3038 00:50:38,310 ~-~-> 00:50:41,670
3039 back like wow, where did that this come from? Price is
3040
3041 761
3042 00:50:41,670 ~-~-> 00:50:47,640
3043 algorithmic. It repeats every single day on elements of time
3044
3045 762
3046 00:50:47,940 ~-~-> 00:50:52,230
3047 and price. It does not work on magic Fibonacci, the
3048
3049 763
3050 00:50:52,230 ~-~-> 00:50:56,940
3051 Fibonacci is just a way for me to frame the context. The use
3052
3053 764
3054 00:50:56,940 ~-~-> 00:51:00,990
3055 this pattern, okay, I didn't reinvent flip nachi I'm not
3056
3057 765
3058 00:51:00,990 ~-~-> 00:51:04,200
3059 trying to claim claim the three quarter pullback of a
3060
3061 766
3062 00:51:04,200 ~-~-> 00:51:09,810
3063 Fibonacci is mine, the logic of using the fib with time and
3064
3065 767
3066 00:51:09,810 ~-~-> 00:51:12,180
3067 the element of market structure that's me, that's my that's
3068
3069 768
3070 00:51:12,180 ~-~-> 00:51:15,900
3071 why it's called optimal trade entry. OTS is an abbreviation
3072
3073 769
3074 00:51:15,900 ~-~-> 00:51:19,050
3075 of those three words. What makes it optimal is it's
3076
3077 770
3078 00:51:19,050 ~-~-> 00:51:23,340
3079 occurring at a time of day when the market will likely spool
3080
3081 771
3082 00:51:23,490 ~-~-> 00:51:26,580
3083 in spread out in one particular direction over the other. So
3084
3085 772
3086 00:51:26,580 ~-~-> 00:51:30,240
3087 it's more inclined to go higher or lower relative to the
3088
3089 773
3090 00:51:30,240 ~-~-> 00:51:34,230
3091 things that I'm showing here. Alright, so anyway, so we have
3092
3093 774
3094 00:51:34,230 ~-~-> 00:51:37,260
3095 two opportunities here for scaling one, two, and this is the
3096
3097 775
3098 00:51:37,260 ~-~-> 00:51:41,790
3099 target where you would want to get out at the market trading
3100
3101 776
3102 00:51:41,790 ~-~-> 00:51:46,020
3103 right now. It's just about midpoint of that. And here, now
3104
3105 777
3106 00:51:46,020 ~-~-> 00:51:49,260
3107 you can use this midpoint, which I don't have a fib. If you
3108
3109 778
3110 00:51:49,260 ~-~-> 00:51:55,710
3111 want to add a fib for that level, it would be negative 1.0
3112
3113 779
3114 00:51:56,520 ~-~-> 00:51:59,640
3115 and that would give you a line right here. I just don't care
3116
3117 780
3118 00:51:59,640 ~-~-> 00:52:04,200
3119 to have it. In this point where the market is running, you
3120
3121 781
3122 00:52:04,200 ~-~-> 00:52:08,580
3123 want to have your stop loss below some point of support or
3124
3125 782
3126 00:52:08,580 ~-~-> 00:52:14,520
3127 structure that would Yes, make your stop be part of a pool
3128
3129 783
3130 00:52:14,520 ~-~-> 00:52:17,400
3131 of sell side liquidity or where a bank of sell stops would
3132
3133 784
3134 00:52:17,400 ~-~-> 00:52:21,600
3135 be, but you have already in theory taken one or two portions
3136
3137 785
3138 00:52:21,630 ~-~-> 00:52:26,010
3139 of profit out and your stock would just be above breakeven.
3140
3141 786
3142 00:52:26,040 ~-~-> 00:52:29,340
3143 So you want to look at where you are in terms of the current
3144
3145 787
3146 00:52:29,340 ~-~-> 00:52:32,370
3147 market structure. We had a run here it retraced and then
3148
3149 788
3150 00:52:32,370 ~-~-> 00:52:36,330
3151 rallied up multiple turns lower, so retrace multiple times.
3152
3153 789
3154 00:52:36,930 ~-~-> 00:52:40,530
3155 I like the idea of moving stock below here. Not below here.
3156
3157 790
3158 00:52:41,430 ~-~-> 00:52:45,660
3159 Okay, not below here. Why? Because this one we already had a
3160
3161 791
3162 00:52:45,660 ~-~-> 00:52:49,500
3163 run below these lows here and then we broke to new highs. We
3164
3165 792
3166 00:52:49,500 ~-~-> 00:52:52,740
3167 had a retracement to this low and retracement to this low
3168
3169 793
3170 00:52:52,770 ~-~-> 00:52:56,250
3171 which is basically the relative equal lows. So it could
3172
3173 794
3174 00:52:56,280 ~-~-> 00:53:00,120
3175 still get below here. It could break down. Hit that They'll
3176
3177 795
3178 00:53:00,120 ~-~-> 00:53:02,880
3179 go higher, longer term and I would miss out on that move,
3180
3181 796
3182 00:53:03,060 ~-~-> 00:53:07,350
3183 just trying to choke the trade with a really, really tight
3184
3185 797
3186 00:53:07,350 ~-~-> 00:53:12,030
3187 stop loss, which is not advisable. So we have this low
3188
3189 798
3190 00:53:12,030 ~-~-> 00:53:15,600
3191 that's much more appropriate for trailing stop loss and not
3192
3193 799
3194 00:53:15,600 ~-~-> 00:53:19,950
3195 jamming it up too tight and not giving the market room to
3196
3197 800
3198 00:53:19,950 ~-~-> 00:53:23,700
3199 breathe, especially because we're tracing this on a five
3200
3201 801
3202 00:53:23,700 ~-~-> 00:53:27,300
3203 minute chart. So the idea again, is we're looking for day
3204
3205 802
3206 00:53:27,300 ~-~-> 00:53:31,350
3207 trades, and not hold this thing for four weeks, not even for
3208
3209 803
3210 00:53:31,350 ~-~-> 00:53:34,080
3211 multiple days. But this is how you would manage your trade.
3212
3213 804
3214 00:53:34,080 ~-~-> 00:53:39,360
3215 So if all this occurred inside of the same trading day or
3216
3217 805
3218 00:53:39,360 ~-~-> 00:53:43,470
3219 same few hours, say it moves say all this movement here
3220
3221 806
3222 00:53:43,500 ~-~-> 00:53:46,770
3223 occurred in a little bit less time. The same thing I'm
3224
3225 807
3226 00:53:46,770 ~-~-> 00:53:49,140
3227 showing you here in terms of when you would move your stop
3228
3229 808
3230 00:53:49,710 ~-~-> 00:53:52,800
3231 would be the same thing. This is we have a reaction and we
3232
3233 809
3234 00:53:52,800 ~-~-> 00:53:55,680
3235 have two higher reactions. You don't want to put your stop
3236
3237 810
3238 00:53:55,680 ~-~-> 00:53:59,460
3239 loss at the nearest area where stops would be everybody else
3240
3241 811
3242 00:53:59,460 ~-~-> 00:54:03,210
3243 has their stop. loss below this low or here, mine would be
3244
3245 812
3246 00:54:03,210 ~-~-> 00:54:06,660
3247 down here. And I already banked two positions or two
3248
3249 813
3250 00:54:06,660 ~-~-> 00:54:11,850
3251 scalings. Okay, so if it gets to 6550 and nine PIP bets you
3252
3253 814
3254 00:54:11,850 ~-~-> 00:54:14,880
3255 would collapse the entire trade and be done and be content
3256
3257 815
3258 00:54:14,880 ~-~-> 00:54:18,630
3259 with that. So you would be so basically getting around 100
3260
3261 816
3262 00:54:18,630 ~-~-> 00:54:24,090
3263 pips movement from this particular trade with three partials
3264
3265 817
3266 00:54:24,540 ~-~-> 00:54:29,550
3267 or the final collapse here. Now if this level was higher up,
3268
3269 818
3270 00:54:30,450 ~-~-> 00:54:33,180
3271 okay, so no matter if you weren't getting this range here,
3272
3273 819
3274 00:54:34,590 ~-~-> 00:54:38,820
3275 and it allowed for 100 pips, but 100 pips occurs before the
3276
3277 820
3278 00:54:39,240 ~-~-> 00:54:41,910
3279 two standard deviations of the initial range to create your
3280
3281 821
3282 00:54:41,910 ~-~-> 00:54:45,480
3283 fib. So this is your range. This is one standard deviation
3284
3285 822
3286 00:54:45,480 ~-~-> 00:54:47,850
3287 over here. And then the other standard deviation would be
3288
3289 823
3290 00:54:47,850 ~-~-> 00:54:54,090
3291 here. If this level is above 100, pips, okay, and what's if
3292
3293 824
3294 00:54:54,090 ~-~-> 00:54:59,970
3295 this range here was like 6562, nine, okay, that would be
3296
3297 825
3298 00:54:59,970 ~-~-> 00:55:04,740
3299 awesome. 110 pips from your entry, you would take a partial
3300
3301 826
3302 00:55:04,740 ~-~-> 00:55:09,870
3303 at 100 pips flat, simply just take 100 pips bank something
3304
3305 827
3306 00:55:09,870 ~-~-> 00:55:12,510
3307 there as well. So there's your rules. It's very simple.
3308
3309 828
3310 00:55:12,810 ~-~-> 00:55:15,120
3311 those rules I've given you if you missed it if you weren't
3312
3313 829
3314 00:55:15,120 ~-~-> 00:55:17,820
3315 really taking those, go back and watch the video again and
3316
3317 830
3318 00:55:17,820 ~-~-> 00:55:21,990
3319 listen very carefully, because I gave you very specific
3320
3321 831
3322 00:55:21,990 ~-~-> 00:55:26,310
3323 criteria about when to move a stop, what entry price you
3324
3325 832
3326 00:55:26,310 ~-~-> 00:55:30,120
3327 would look for where your stop loss would be, and where you
3328
3329 833
3330 00:55:30,120 ~-~-> 00:55:34,590
3331 take partials. And when you graduate that stop and what you
3332
3333 834
3334 00:55:34,590 ~-~-> 00:55:38,970
3335 avoid doing when moving the stop not trying to choke the
3336
3337 835
3338 00:55:38,970 ~-~-> 00:55:43,050
3339 trade out by having a stop loss, you know, right under here,
3340
3341 836
3342 00:55:43,200 ~-~-> 00:55:45,780
3343 or right under here or because this looks like it's support.
3344
3345 837
3346 00:55:45,810 ~-~-> 00:55:48,720
3347 You know, there you go put your stop loss there. There's a
3348
3349 838
3350 00:55:48,720 ~-~-> 00:55:52,920
3351 lot of people in this period now they have cell stops right
3352
3353 839
3354 00:55:52,920 ~-~-> 00:55:55,680
3355 below here. They may have been lucky they went long here.
3356
3357 840
3358 00:55:55,680 ~-~-> 00:55:58,920
3359 Maybe they went here, or they bought here and just wrote it
3360
3361 841
3362 00:55:58,920 ~-~-> 00:56:00,900
3363 out because they only use Tough luck. But now they want to
3364
3365 842
3366 00:56:00,900 ~-~-> 00:56:03,750
3367 put a stoploss in their thinking here.
3368
3369 843
3370 00:56:04,110 ~-~-> 00:56:08,070
3371 Okay, so I use market structure to help me manage a trade
3372
3373 844
3374 00:56:08,610 ~-~-> 00:56:11,490
3375 and market structure you can learn that it's on my YouTube
3376
3377 845
3378 00:56:11,490 ~-~-> 00:56:15,270
3379 channel as well but this low here I want to put my stop at
3380
3381 846
3382 00:56:15,840 ~-~-> 00:56:20,760
3383 this low and not something ultra super tight because just
3384
3385 847
3386 00:56:20,760 ~-~-> 00:56:25,560
3387 normal gyrations okay or quick, sudden retracement lower and
3388
3389 848
3390 00:56:25,560 ~-~-> 00:56:29,160
3391 still be viable for the trade going higher would knock you
3392
3393 849
3394 00:56:29,160 ~-~-> 00:56:31,890
3395 out prematurely and you would miss the opportunity of
3396
3397 850
3398 00:56:31,950 ~-~-> 00:56:35,730
3399 allowing yourself taking out 100 pips or where the second
3400
3401 851
3402 00:56:35,730 ~-~-> 00:56:37,980
3403 standard deviation would be for your ultimate target.
3404
3405 852
3406 00:56:38,370 ~-~-> 00:56:42,210
3407 Alright. So hopefully you guys got something from this, I'll
3408
3409 853
3410 00:56:42,210 ~-~-> 00:56:44,850
3411 try to give you something every single day it will not be
3412
3413 854
3414 00:56:44,850 ~-~-> 00:56:48,510
3415 this in depth. Okay, so the rules have been applied and
3416
3417 855
3418 00:56:48,540 ~-~-> 00:56:51,780
3419 shared with you in this video. And I'll always refer back to
3420
3421 856
3422 00:56:51,780 ~-~-> 00:56:55,890
3423 this video when there's any discussion about when stops
3424
3425 857
3426 00:56:55,890 ~-~-> 00:56:58,800
3427 removed, how you take partials and what the general
3428
3429 858
3430 00:56:58,800 ~-~-> 00:57:03,600
3431 principle of this pattern is okay. It'll be a five minute or
3432
3433 859
3434 00:57:03,600 ~-~-> 00:57:07,170
3435 less many times that are probably less than four minutes
3436
3437 860
3438 00:57:07,200 ~-~-> 00:57:09,330
3439 because this is going to be me saying, okay, here's your
3440
3441 861
3442 00:57:09,330 ~-~-> 00:57:13,320
3443 chart. These are the levels. And here's what it looks like.
3444
3445 862
3446 00:57:13,350 ~-~-> 00:57:15,690
3447 It'll be just all the annotation on the chart. And it'll be
3448
3449 863
3450 00:57:15,690 ~-~-> 00:57:19,440
3451 me saying, take care. God bless and good luck good trading.
3452
3453 864
3454 00:57:20,400 ~-~-> 00:57:23,460
3455 And with that, I'm going to close this one and do that very
3456
3457 865
3458 00:57:23,460 ~-~-> 00:57:25,200
3459 thing. wish good luck and good trading.