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2 -00:00:11,280 ~-~-> 00:00:16,560
3 -ICT: Hello, folks, this is episode number 14 in a continuing
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2 +|1 |00:00:11,280 ~-~-> 00:00:21,090 |ICT: Hello, folks, this is episode number 14 in a continuing series of 20 videos for the optimal trade entry pattern recognition series for the inner circle
3 +|2 |00:00:21,090 ~-~-> 00:00:28,590 |trader YouTube channel. Alright, so our example for today is the British pound, we already have our chart trained in on the five minute chart and you know the
4 +|3 |00:00:28,590 ~-~-> 00:00:33,480 |drill, pause your video, study it before I share the annotations.
5 +|4 |00:00:38,760 ~-~-> 00:00:53,070 |Okay, here we go. We have our New York session again, always 830 to 11am, New York time. And this is our optimal trade entry. Now, I'm going to go over a
6 +|5 |00:00:53,070 ~-~-> 00:01:07,170 |couple in here briefly. But this is the one that I would use. This is how I teach it in my mentorship as well. The selection of this particular swing is,
7 +|6 |00:01:07,740 ~-~-> 00:01:17,130 |again, it's a little bit of a finesse type thing. But I want you to know that you see this here, I'm going to take it off for a moment. As you can see, when
8 +|7 |00:01:17,130 ~-~-> 00:01:22,710 |you're looking at your chart, it's going to look like this unless you have other things over top of it. And that's why you don't want to have indicators. You
9 +|8 |00:01:22,710 ~-~-> 00:01:31,410 |don't want to have trend lines, moving averages, none of that stuff, okay, because it's going to be a distraction. You want to be looking at the time of
10 +|9 |00:01:31,440 ~-~-> 00:01:43,140 |830 to 11 when the market showing a strong willingness to go lower. Now this is obvious a reverse on if you look at my Twitter account today, I actually show a
11 +|10 |00:01:43,140 ~-~-> 00:01:54,690 |recording of me highlighting this turning point here on the British Pound at this order block and running up above a level which it does here. I was given
12 +|11 |00:01:54,690 ~-~-> 00:02:05,220 |that as an indication to study that. And it was highlighting this movement here creating a Judas swing, and then ultimate break down. When we entered the 830 to
13 +|12 |00:02:05,250 ~-~-> 00:02:17,190 |11am, New York time, that's our New York session, time of day for this model, a creative for YouTube. And what you're looking for is a a price swing, that's
14 +|13 |00:02:17,220 ~-~-> 00:02:32,670 |very clear, that has a clear indication that it's trying to drive lower. Okay, in other words, there's a very quick, like underlying pressure for the price to
15 +|14 |00:02:32,670 ~-~-> 00:02:42,030 |go lower, it's a lot of back and forth in price action that creates that little trading range here, little square block area here. This, notice the difference
16 +|15 |00:02:42,030 ~-~-> 00:02:50,520 |between all these down close candles versus this in here. It's a little muddy. Okay, no words, it's not as clear. Yes, it does decline. But it just seems like
17 +|16 |00:02:50,550 ~-~-> 00:02:58,560 |it's a lot more uncertain in this area. Whereas if we had this swing high, we had this lower high, lower high to the right, and this one single candle here,
18 +|17 |00:02:59,310 ~-~-> 00:03:07,770 |that to me, with this real clear indication, I want to move lower, that's the price leg that I'm going to elect to use. And if you go back and look at all the
19 +|18 |00:03:07,770 ~-~-> 00:03:15,450 |examples we've been doing in this series, they all have very similar characteristics to this very thing here. So it's not a matter of going back in
20 +|19 |00:03:15,450 ~-~-> 00:03:24,720 |and cherry picking, which one looks better, which one looks perfect, whatever. After you do this for months, you're gonna see it, it's the same signature all
21 +|20 |00:03:24,720 ~-~-> 00:03:34,920 |the time. And now what is a signature, a signature is something or a characteristic, okay, that the markets give us as price action traders that
22 +|21 |00:03:34,920 ~-~-> 00:03:47,850 |we're looking for, to repeat over and over again. So if there's something to a market that creates a certain phenomenon, it should have a lot of reoccurring
23 +|22 |00:03:49,800 ~-~-> 00:04:00,330 |instances of a guest. So what I'm teaching in this series is the repeated nature of this particular pattern, all you need to do is determine whether you're gonna
24 +|23 |00:04:00,330 ~-~-> 00:04:12,900 |be trading a run below yesterday's low or above yesterday's high. And I've already shown you a continuation pattern using the same thing with a market it's
25 +|24 |00:04:12,900 ~-~-> 00:04:22,380 |already gone beyond the previous day's high or low. And you can still use this this model to practice in in growing your understanding with price action. So
26 +|25 |00:04:22,440 ~-~-> 00:04:34,710 |with that said, all of this in here is the price leg that I would use and how I teach it so it's very clear it's showing a displacement. Okay, very clear,
27 +|26 |00:04:34,740 ~-~-> 00:04:45,570 |obvious movement lower. The market comes back up trades into this high but not all up into it. So we're at the fed back to it again. And again, the fib is not
28 +|27 |00:04:45,600 ~-~-> 00:04:58,530 |the magic. It's not trust me. It's has nothing to do with why price is going up there. The Fed is just allowing me to frame a market that is really overbought
29 +|28 |00:04:58,530 ~-~-> 00:05:07,650 |without having to use any overbought or Russell indicator, because I'm showing you the range of this high to this low. So when price traded back up to here, if
30 +|29 |00:05:07,650 ~-~-> 00:05:16,260 |we look back inside that range, we are really near this high. So technically that would be a short term overbought market. That's all the fibs helping me
31 +|30 |00:05:16,260 ~-~-> 00:05:25,440 |illustrate. And then the Fibonacci projections, they all these levels on here are just rough ideas how far the market could go. But again, we're linking that
32 +|31 |00:05:25,440 ~-~-> 00:05:33,420 |with the previous day's low in this case here. And then you see the previous day's low. We do trade down into it. Now. The details are we always look for the
33 +|32 |00:05:33,420 ~-~-> 00:05:43,740 |60% retracement level, that in this instance would be a hypothetical entry of 1.226811. Pit that using a 20 PIP stop loss that would take us above this high.
34 +|33 |00:05:44,100 ~-~-> 00:05:52,410 |No real Jeopardy in terms of being stopped out. You do have seven pips draw down. Again, we're always using a 62% retracement level, you can finesse your
35 +|34 |00:05:52,410 ~-~-> 00:06:01,830 |entry and try to use the 70.5 level or the 79% tracing level. But as I mentioned in previous recordings in this series, you're likely to miss the trade and or
36 +|35 |00:06:01,830 ~-~-> 00:06:11,580 |the dealer spread may not be covered for your entry to fill. So again, we're using the low hanging fruit approach as I like to teach in my mentorship where
37 +|36 |00:06:11,580 ~-~-> 00:06:19,950 |it's really easy to get the 62% retracement level, and not always the 79. Everybody wants to sell at the highest levels that way their stop loss can be
38 +|37 |00:06:19,950 ~-~-> 00:06:28,050 |smaller. But you don't need to do that. And especially when you're learning how to use the pattern, so the market starts to show a willingness to drop lower.
39 +|38 |00:06:28,500 ~-~-> 00:06:38,550 |Right down here we have about 20 pips or so at just the old low. So right away, you can bank something there. And at one half of a standard deviation, you have
40 +|39 |00:06:38,550 ~-~-> 00:06:47,700 |about 40 pips that you could potentially bank there, hypothetically. And then ultimately down to 60 pips, which runs the previous day's low. So all in all, we
41 +|40 |00:06:47,700 ~-~-> 00:06:54,690 |have a three to one reward to risk. If you'd like to look at those types of things, I think it's really not necessary. Because if you have a high strike
42 +|41 |00:06:54,690 ~-~-> 00:07:02,460 |rate, method or model, and I know some of you that are learning, or maybe some of you that really like to look at these types of things and say this is what
43 +|42 |00:07:02,460 ~-~-> 00:07:11,250 |has to happen for me to take a trade, you know, you can make an amazing career trading one to one if you have a very solid strike rate. And clearly, as I'm
44 +|43 |00:07:11,250 ~-~-> 00:07:21,570 |indicating in these examples here, this pattern works every single day. It's there every single day. And the problem that's going to plague you is
45 +|44 |00:07:21,690 ~-~-> 00:07:29,640 |determining whether you want to be a buyer or seller. And I know what you want to ask me if we were in a chat room together, okay? Or if you were talking to me
46 +|45 |00:07:29,640 ~-~-> 00:07:39,630 |directly through Twitter, or, or if you emailed me, so I get this email a lot. Can you just tell me how determine the bias. And I'm telling you again, it's
47 +|46 |00:07:39,660 ~-~-> 00:07:51,330 |always the same response. Number one, it takes a lot of other supporting lessons to get good at the bias. Now I can tell you things. And I've done a lot of that
48 +|47 |00:07:51,330 ~-~-> 00:08:01,260 |even in free tutorials. That's on this YouTube channel. But it takes you getting in here and studying every single day screen capturing your charts and doing
49 +|48 |00:08:01,260 ~-~-> 00:08:09,510 |annotations yourself and getting used to what the pattern looks like. And it sounds like it should be just tell me how to do it one time and it works all the
50 +|49 |00:08:09,510 ~-~-> 00:08:20,100 |time. It's not like that because if it was just that easy. Believe me, everybody out here doing it and they just don't do it. So this is one more example in the
51 +|50 |00:08:20,130 ~-~-> 00:08:24,060 |containing series. Hopefully you found it insightful. Until next time, wish you good luck and good trading.
4 4  
5 -2
6 -00:00:16,560 ~-~-> 00:00:19,440
7 -series of videos for the optimal trade entry pattern
8 -
9 -3
10 -00:00:19,440 ~-~-> 00:00:22,140
11 -recognition series, the inner circle trader YouTube channel.
12 -
13 -4
14 -00:00:22,650 ~-~-> 00:00:26,190
15 -Alright, so our example for today is the British pound. We
16 -
17 -5
18 -00:00:26,190 ~-~-> 00:00:28,290
19 -already have our chart trained in on the five minute chart,
20 -
21 -6
22 -00:00:28,290 ~-~-> 00:00:32,580
23 -you know the drill, pause your video, study it before I show
24 -
25 -7
26 -00:00:32,580 ~-~-> 00:00:33,450
27 -the annotations.
28 -
29 -8
30 -00:00:38,760 ~-~-> 00:00:44,310
31 -Okay, here we go. We have our New York session again, always
32 -
33 -9
34 -00:00:44,880 ~-~-> 00:00:51,870
35 -830 to 11am, New York time. And this is our optimal trade
36 -
37 -10
38 -00:00:51,870 ~-~-> 00:00:54,750
39 -entry. Now I'm going to go over a couple in here briefly,
40 -
41 -11
42 -00:00:55,110 ~-~-> 00:00:58,920
43 -but this is the one that I would use. This is how I teach it
44 -
45 -12
46 -00:00:59,460 ~-~-> 00:01:05,850
47 -and my mentor As well, the selection of this particular
48 -
49 -13
50 -00:01:05,910 ~-~-> 00:01:09,720
51 -swing is, again, it's a little bit of a finesse type thing.
52 -
53 -14
54 -00:01:10,470 ~-~-> 00:01:14,700
55 -But I want you to know that you see this here, I'm going to
56 -
57 -15
58 -00:01:14,700 ~-~-> 00:01:17,250
59 -take it off for a moment, just so you can see, when you're
60 -
61 -16
62 -00:01:17,250 ~-~-> 00:01:19,770
63 -looking at your chart, it's going to look like this unless
64 -
65 -17
66 -00:01:19,770 ~-~-> 00:01:21,660
67 -you have other things that were top of it. And that's why
68 -
69 -18
70 -00:01:21,660 ~-~-> 00:01:23,250
71 -you don't want to have indicators. You don't want to have
72 -
73 -19
74 -00:01:23,670 ~-~-> 00:01:26,100
75 -trend lines, moving averages, none of that stuff, okay?
76 -
77 -20
78 -00:01:26,100 ~-~-> 00:01:28,830
79 -Because it's going to be a distraction. You want to be
80 -
81 -21
82 -00:01:28,830 ~-~-> 00:01:34,140
83 -looking at the time of 830 to 11 when the markets showing a
84 -
85 -22
86 -00:01:34,200 ~-~-> 00:01:37,980
87 -strong willingness to go lower. Now, this is obvious a
88 -
89 -23
90 -00:01:37,980 ~-~-> 00:01:40,620
91 -reversal. And if you look at my Twitter account today,
92 -
93 -24
94 -00:01:41,190 ~-~-> 00:01:45,600
95 -actually show a recording of me highlighting this turning
96 -
97 -25
98 -00:01:45,600 ~-~-> 00:01:49,230
99 -point here on the British Pound at this order block and
100 -
101 -26
102 -00:01:49,230 ~-~-> 00:01:54,690
103 -running up above a level which it does here. I was given
104 -
105 -27
106 -00:01:54,690 ~-~-> 00:01:58,320
107 -that as an indication to study that and it was highlighting
108 -
109 -28
110 -00:01:58,530 ~-~-> 00:02:01,320
111 -this movement here, creating just swing and then ultimate
112 -
113 -29
114 -00:02:01,350 ~-~-> 00:02:06,990
115 -break down. When we entered the 830 to 11am, New York time,
116 -
117 -30
118 -00:02:06,990 ~-~-> 00:02:11,100
119 -that's our New York session, time of day for this model of
120 -
121 -31
122 -00:02:11,100 ~-~-> 00:02:16,380
123 -creative for YouTube. And what you're looking for is a, a
124 -
125 -32
126 -00:02:16,380 ~-~-> 00:02:22,050
127 -price swing, that's very clear, that has a clear indication
128 -
129 -33
130 -00:02:22,050 ~-~-> 00:02:24,990
131 -that it's trying to drive lower. Okay, in other words,
132 -
133 -34
134 -00:02:24,990 ~-~-> 00:02:32,550
135 -there's a very quick, like underlying pressure for the price
136 -
137 -35
138 -00:02:32,550 ~-~-> 00:02:35,940
139 -to go lower. It's a lot of back and forth in price action
140 -
141 -36
142 -00:02:35,940 ~-~-> 00:02:37,980
143 -and creates that little trading range here, little square
144 -
145 -37
146 -00:02:37,980 ~-~-> 00:02:42,480
147 -block area here. This, notice the difference between all
148 -
149 -38
150 -00:02:42,480 ~-~-> 00:02:45,720
151 -these down close candles versus this in here. It's a little
152 -
153 -39
154 -00:02:45,720 ~-~-> 00:02:48,990
155 -muddy. Okay, in other words, it's not as clear yes, it does
156 -
157 -40
158 -00:02:48,990 ~-~-> 00:02:51,930
159 -decline, but it just seems like it's a lot more uncertain in
160 -
161 -41
162 -00:02:51,930 ~-~-> 00:02:54,990
163 -this area. Whereas if we have this swing high, we have this
164 -
165 -42
166 -00:02:55,020 ~-~-> 00:02:57,870
167 -lower high, lower high to the right in this one single
168 -
169 -43
170 -00:02:57,870 ~-~-> 00:03:01,950
171 -candle here. That to me, With this real clear indication, I
172 -
173 -44
174 -00:03:01,950 ~-~-> 00:03:05,760
175 -want to move lower. That's the price leg that I'm going to
176 -
177 -45
178 -00:03:05,760 ~-~-> 00:03:07,770
179 -elect to use. And if you go back and look at all the
180 -
181 -46
182 -00:03:07,770 ~-~-> 00:03:10,740
183 -examples we've been doing in this series, they all have very
184 -
185 -47
186 -00:03:10,740 ~-~-> 00:03:14,580
187 -similar characteristics to this very thing here. So it's not
188 -
189 -48
190 -00:03:14,580 ~-~-> 00:03:16,950
191 -a matter of going back in and cherry picking, which one
192 -
193 -49
194 -00:03:16,950 ~-~-> 00:03:20,580
195 -looks better, which one looks perfect, whatever. After you
196 -
197 -50
198 -00:03:20,580 ~-~-> 00:03:24,000
199 -do this for months, you're gonna see it. It's the same
200 -
201 -51
202 -00:03:24,030 ~-~-> 00:03:26,400
203 -signature all the time. And now what is a signature, a
204 -
205 -52
206 -00:03:26,400 ~-~-> 00:03:31,410
207 -signature is something or a characteristic, okay, that the
208 -
209 -53
210 -00:03:31,410 ~-~-> 00:03:35,490
211 -markets give us as price action traders that we're looking
212 -
213 -54
214 -00:03:35,490 ~-~-> 00:03:38,520
215 -for, to repeat over and over and over again. So if there's
216 -
217 -55
218 -00:03:38,520 ~-~-> 00:03:45,240
219 -something to a market that creates a certain phenomenon, it
220 -
221 -56
222 -00:03:45,270 ~-~-> 00:03:47,850
223 -should have a lot of reoccurring
224 -
225 -57
226 -00:03:49,800 ~-~-> 00:03:55,020
227 -instances of a guest. So what I'm teaching in this series is
228 -
229 -58
230 -00:03:55,050 ~-~-> 00:03:58,890
231 -the repeated nature of this particular pattern. All you need
232 -
233 -59
234 -00:03:58,890 ~-~-> 00:04:01,050
235 -to do is determine what Whether you're gonna be trading a
236 -
237 -60
238 -00:04:01,050 ~-~-> 00:04:06,990
239 -run below yesterday's low or above yesterday's high and I've
240 -
241 -61
242 -00:04:06,990 ~-~-> 00:04:10,050
243 -already shown you a continuation pattern using the same
244 -
245 -62
246 -00:04:10,050 ~-~-> 00:04:14,790
247 -thing with a market it's already gone beyond the previous
248 -
249 -63
250 -00:04:14,790 ~-~-> 00:04:18,180
251 -day's high or low and you can still use this this model to
252 -
253 -64
254 -00:04:18,210 ~-~-> 00:04:20,940
255 -practice in and grow in your understanding with price
256 -
257 -65
258 -00:04:20,940 ~-~-> 00:04:26,190
259 -action. So with that said, all of this in here is the price
260 -
261 -66
262 -00:04:26,190 ~-~-> 00:04:30,420
263 -leg that I would use and how I teach it so it's very clear
264 -
265 -67
266 -00:04:30,420 ~-~-> 00:04:35,250
267 -it's showing a displacement. Okay, very clear, obvious
268 -
269 -68
270 -00:04:35,280 ~-~-> 00:04:39,690
271 -movement lower. The market comes back up trades into this
272 -
273 -69
274 -00:04:39,690 ~-~-> 00:04:43,470
275 -high but not all up into it. So we're at the fed back to it
276 -
277 -70
278 -00:04:43,470 ~-~-> 00:04:47,280
279 -again. And again, the fib is not the magic. It's not trust
280 -
281 -71
282 -00:04:47,280 ~-~-> 00:04:52,290
283 -me. It's has nothing to do with why price is going up there.
284 -
285 -72
286 -00:04:52,320 ~-~-> 00:04:57,660
287 -The Fed is just allowing me to frame a market that is really
288 -
289 -73
290 -00:04:57,930 ~-~-> 00:05:00,000
291 -overbought without having to use any overbought or
292 -
293 -74
294 -00:05:00,000 ~-~-> 00:05:04,380
295 -indicator, because I'm showing you the range of this high to
296 -
297 -75
298 -00:05:04,380 ~-~-> 00:05:07,980
299 -this low. So when price traded back up to here, if we look
300 -
301 -76
302 -00:05:07,980 ~-~-> 00:05:12,390
303 -back inside that range, we are really near this high. So
304 -
305 -77
306 -00:05:12,390 ~-~-> 00:05:14,640
307 -technically that would be a short term overbought market.
308 -
309 -78
310 -00:05:15,060 ~-~-> 00:05:17,430
311 -That's all the fibs helping me illustrate and then the
312 -
313 -79
314 -00:05:17,430 ~-~-> 00:05:20,550
315 -Fibonacci projections. Okay, all these levels on here are
316 -
317 -80
318 -00:05:20,550 ~-~-> 00:05:24,510
319 -just rough ideas how far the market could go. But again,
320 -
321 -81
322 -00:05:24,510 ~-~-> 00:05:27,780
323 -we're linking that with the previous day's low in this case
324 -
325 -82
326 -00:05:27,780 ~-~-> 00:05:30,690
327 -here. And then you see the previous day's low. We do trade
328 -
329 -83
330 -00:05:30,690 ~-~-> 00:05:33,420
331 -down into it. Now. The details are we always look for the
332 -
333 -84
334 -00:05:33,420 ~-~-> 00:05:36,750
335 -60% retracement level that in this instance would be
336 -
337 -85
338 -00:05:36,780 ~-~-> 00:05:41,250
339 -hypothetical entry of 1.2268 with one PIP that using a 20
340 -
341 -86
342 -00:05:41,250 ~-~-> 00:05:44,790
343 -PIP stop loss that would take us above this high. No real
344 -
345 -87
346 -00:05:45,180 ~-~-> 00:05:47,940
347 -Jeopardy in terms of being stopped out. You do have seven
348 -
349 -88
350 -00:05:47,940 ~-~-> 00:05:50,910
351 -pips draw down. Again, we're always using a 62% retracement
352 -
353 -89
354 -00:05:50,910 ~-~-> 00:05:54,090
355 -level, you can finesse your entry and try to use the 70.5
356 -
357 -90
358 -00:05:54,090 ~-~-> 00:05:57,510
359 -level or 79 cent trace level but as I mentioned in previous
360 -
361 -91
362 -00:05:57,510 ~-~-> 00:06:01,050
363 -recordings in this series, you're likely to miss the trade
364 -
365 -92
366 -00:06:01,080 ~-~-> 00:06:05,100
367 -and or the dealer spread may not be covered for your entry
368 -
369 -93
370 -00:06:05,100 ~-~-> 00:06:09,450
371 -to fill. So again, we're using the low hanging fruit
372 -
373 -94
374 -00:06:09,540 ~-~-> 00:06:11,760
375 -approach as I like to teach in my mentorship where it's
376 -
377 -95
378 -00:06:11,760 ~-~-> 00:06:15,930
379 -really really easy to get to 62% retracement level, and not
380 -
381 -96
382 -00:06:15,930 ~-~-> 00:06:18,960
383 -always the 79 everybody wants to sell at the highest levels
384 -
385 -97
386 -00:06:18,960 ~-~-> 00:06:21,270
387 -that way their stop loss can be smaller, but you don't need
388 -
389 -98
390 -00:06:21,270 ~-~-> 00:06:24,390
391 -to do that. And especially when you're learning how to use
392 -
393 -99
394 -00:06:24,390 ~-~-> 00:06:27,060
395 -the pattern so the market starts to show a willingness to
396 -
397 -100
398 -00:06:27,060 ~-~-> 00:06:31,590
399 -drop lower. Right down here we have about 20 pips or so at
400 -
401 -101
402 -00:06:31,890 ~-~-> 00:06:34,110
403 -just the old low. So right away, you can bank something
404 -
405 -102
406 -00:06:34,110 ~-~-> 00:06:38,520
407 -there. And at one half of a standard deviation, you have
408 -
409 -103
410 -00:06:38,520 ~-~-> 00:06:41,880
411 -about 40 pips that you could potentially bank there
412 -
413 -104
414 -00:06:41,880 ~-~-> 00:06:45,270
415 -hypothetically, and then ultimately down to 60 pips, which
416 -
417 -105
418 -00:06:45,270 ~-~-> 00:06:48,150
419 -runs the previous day's low. So all in all, we have a three
420 -
421 -106
422 -00:06:48,150 ~-~-> 00:06:50,220
423 -to one reward to risk if you'd like to look at those types
424 -
425 -107
426 -00:06:50,220 ~-~-> 00:06:53,910
427 -of things. I think it's really not necessary because if you
428 -
429 -108
430 -00:06:53,910 ~-~-> 00:06:57,180
431 -have a high strike rate method or model, and I know some of
432 -
433 -109
434 -00:06:57,180 ~-~-> 00:07:00,420
435 -you that are learning or maybe some of you that really like
436 -
437 -110
438 -00:07:00,420 ~-~-> 00:07:02,760
439 -to look at these types of things and say this is what has to
440 -
441 -111
442 -00:07:02,760 ~-~-> 00:07:05,520
443 -happen for me to take a trade. You know, you can make an
444 -
445 -112
446 -00:07:05,640 ~-~-> 00:07:09,990
447 -amazing career trading one to one if you have a very solid
448 -
449 -113
450 -00:07:09,990 ~-~-> 00:07:12,870
451 -strike rate. And clearly, as I'm indicating in these
452 -
453 -114
454 -00:07:12,960 ~-~-> 00:07:16,950
455 -examples here, this pattern works every single day. It's
456 -
457 -115
458 -00:07:16,950 ~-~-> 00:07:20,820
459 -there every single day. And the problem that's gonna plague
460 -
461 -116
462 -00:07:20,820 ~-~-> 00:07:23,700
463 -you is determining whether you want to be a buyer or seller.
464 -
465 -117
466 -00:07:24,060 ~-~-> 00:07:27,780
467 -And I know what you want to ask me if we were in a chat room
468 -
469 -118
470 -00:07:27,780 ~-~-> 00:07:29,970
471 -together, okay? Or if you were talking to me directly
472 -
473 -119
474 -00:07:29,970 ~-~-> 00:07:32,670
475 -through Twitter, or, or if you emailed me, so I get this
476 -
477 -120
478 -00:07:32,670 ~-~-> 00:07:36,540
479 -email a lot. Can you just tell me how determined to bias and
480 -
481 -121
482 -00:07:36,570 ~-~-> 00:07:41,430
483 -I'm telling you again, it's always the same response. Number
484 -
485 -122
486 -00:07:41,430 ~-~-> 00:07:46,860
487 -one, it takes a lot of other supporting lessons to get good
488 -
489 -123
490 -00:07:46,860 ~-~-> 00:07:50,790
491 -at the bias. Now I could tell you things, and I've done a
492 -
493 -124
494 -00:07:50,790 ~-~-> 00:07:54,060
495 -lot of that even in free tutorials. That's on this YouTube
496 -
497 -125
498 -00:07:54,060 ~-~-> 00:07:58,290
499 -channel. But it takes you getting in here and studying every
500 -
501 -126
502 -00:07:58,290 ~-~-> 00:08:01,260
503 -single day screen, capturing your charts and doing
504 -
505 -127
506 -00:08:01,260 ~-~-> 00:08:03,510
507 -annotations yourself and getting used to what the pattern
508 -
509 -128
510 -00:08:03,510 ~-~-> 00:08:08,130
511 -looks like. And it sounds like it should be just tell me how
512 -
513 -129
514 -00:08:08,130 ~-~-> 00:08:10,800
515 -to do it one time and it works all the time. It's not like
516 -
517 -130
518 -00:08:10,800 ~-~-> 00:08:13,650
519 -that because if it was just that easy, believe me,
520 -
521 -131
522 -00:08:13,650 ~-~-> 00:08:16,020
523 -everybody, we're out here doing it and they just don't do
524 -
525 -132
526 -00:08:16,020 ~-~-> 00:08:21,060
527 -it. So this is one more example in the continuing series.
528 -
529 -133
530 -00:08:21,090 ~-~-> 00:08:22,890
531 -Hopefully you found it insightful. Until next time, wish you
532 -
533 -134
534 -00:08:22,890 ~-~-> 00:08:24,060
535 -good luck and good trading.