All language subtitles for cbl_ny091416_2 EN

Okay, welcome back folks.

All right.

This is a five minute chart of
the British pound USD or cable.

Uh, we were looking for a
move lower on this pair.

Uh, we were able to snatch, uh, roll
easy 20 pips easing the sense that,

uh, there wasn't much draw down
against us, but, uh, it wasn't easy

holding onto it because there was
a lot of delay in, uh, the price.

Margot has really done nothing.

Um, we went below the previous
lows and here, um, took profits

there one half the position.

And obviously I gave instructions
on Twitter that are following that

position that I had collapsed the trade.

I was unwilling to hold on.

Um, it did move up a little bit more.

Didn't Pierce any short-term highs in
here, but we're still above the New

York session in like candles open.

Um, to me that's not good.

It's not high probability for a short,
um, it would probably indicate by

they'll come up here and hit this level.

And this is not a trade idea.

Is it something that you can practice
in your demo count if you see an oral

block like this one here, if we move
away from it and come back down and

test that to see if you get a response
again, it's not a trade recommendation.

Okay.

You're just trying to see if it
has a one that's about there,

because in this case here that it's
not wanting to go down just yet.

So while there are still some liquidity
reference points below the marketplace,

relative to what we described in one
session, it doesn't appear that we're

going to get those right away today.

So, um, I took a 15 minute time.

We we're in a consolidated market
profile for the day so far.

Um, I'd be interested in taking a short
if we get up into this area here and

I'll review that if, and when we do
this, uh, uh, level it all today, doesn't

have to mean it's going to do it today.

But if it did, I'd be interested
in taking something off of that.

And it gives us between now
and nine 30 in the morning.

Otherwise I would just sit on the
sidelines and remain flat, uh,

Euro, uh, still stuck in the mud.

Can't go anywhere dollar.

Uh, we always hit the order block and
mentioned this morning in London, but

didn't quite get down to, it was only one
PIP away, uh, where it comes in at 95 41.

And the block starts at 95.

The high 9, 5 40 open,
and it did not touch that.

So we might get some sensitivity there.

Uh, if we slip through this, the market
is going to be very, very indecisive.

Then, um, I want to see it maintain its
consolidation here and try to expand

up to these liquidity points here.

95, 95, 96 big figure.

And it stops as well over here.

I'm not interested in a dollar sell off.

I don't see that here, but
if it does break down, that

just puts me on the sidelines.

If there was anything that was
noteworthy for today for the London

session, it was the importance
of why we take partial profits.

Why we have time stop procedures.

In other words, not just simply, okay.

I'm buying.

And I want it to go to my profit
objective and my stop loss is here.

We don't have to wait for one
of those two events to occur.

We have another element here to consider
a time if we all get the feedback that

we're looking for in terms of indicating
that we have a solid center, and you're

going to learn that the best setups
immediately move in your favor if they

miss their monkey around and they don't
really move in your favor right away,

chances are you probably got a dud.

And this morning was indication of that.

Um, once it went below the short-term,
Lowe's one cable, uh, we were looking

at these lows here when price shot
down below that, and just sat there

and we sell notes, answering them.

I was saying, if we got below these
lows, we want to see speed, speed, and

expansion, lower to show indication,
and wants to quickly get down here.

It showed no willingness to do that.

So we covered, we covered the.

I have to position there with the
expectation that, Hey, even if it comes

back and hits her stop, it's a new
loss day, but we had an opportunity

to get in here and experienced it,
the price action, relative to the

things that we teach, obviously, um,
you know, we came all the way back

up into the range as a bare shorter
block again and again, one more time.

So we're off right back
to this bullet or block.

So we're, we're trapped in
between a bear shorter block here.

Okay.

We're, we're stuck in between me.

How would I do this here?

Um, we're stuck essentially
in this range here.

Okay.

We have the order block here
for the buy-side, even though

it was wiped out here, that was
what price has been trading it.

And we have the bear shorter
box that we're stuck in.

So until we get out of this range, okay.

The market's going nowhere and it might
join the party that cables and which is.

Rather boring the dollar, you
know, and it, hopefully it

stays above this bullshit.

We're a block here.

If it gives way again, that immediately
puts me in a neutral stance where I

have zero opinion as to what I expect
bullish or bearish on the market.

We would have to see something
new in terms of expansion that

isn't seeing presently in the
charts for me to make a decision,

still looking for a run on dollar cat,
30 to 50 to 30 to 60 on the upside.

Well, wash out that high probably
today on the Crudo numbers.

Uh, if we lose the low, not low,
but if we lose the 31 25 level, um,

we'll probably have to come all the
way back into this range a little bit

more, and it's not really good for the
market sharks that we have in place.

It it's already broken is high.

We don't really want to get back
above and below the hightest broken.

For it to run up to this level here.

So if anything, it could come back down
and retest this level 31, 25, 31 30.

But if it gives that level up,
it's probably not going to be

running these stops anytime soon.

And we'll probably have to spend some
time sideways for a little while,

but as it is here this morning, we're
looking at 30 to 50 to 30 to 61 upside

dollar cat relative to the crew.

I'm story's coming out at 10 30
in the morning, New York time.

So, uh, one more quick look at Euro pound.

Um, we noted the stops here real
time as it was gone below it.

Uh, we came back away from that.

You're getting, you can see that in the
one, uh, presentation, uh, real quick,

if you're watching live and you're having
issues with getting the recordings easiest

way to do it is going to the forum, right?

Click on that link where
it says video link, right?

Click that, and save as.

When you click on that, the window should
pop up saying, save as, and it's at BMT.

I'm sorry.

MP4 file.

And you just name it, whatever you want.

Um, once you do that, you
can pull it up from your hard

drive and play it from there.

It's really not meant to be
streamed off of the form or from

my direct, uh, links in my website.

Uh, it can be done if you're patient to
wait for the file to download, but it's

it's as much easier it is to do it right
from a strict, straight download and

have it to your computer and archive.

I think that's about it.

I want to talk about, um, the, um,
yesterday I had a session where,

um, I started to talk about and
thank you, Peter, for remind.

I was getting ready to say it again, um,

for cable.

And when I was explaining was I went into
the discussion about where we have a.

Busy London session regards to high
impact or medium impact news events.

And then there's a vacuum of
anything going on in New York.

And I prompted everyone to
get their notepad ready and it

was, uh, uh, a patient's lesson
that I didn't intend to have.

So we was a delay of a full day before
we can actually get that revelation.

But, uh, what I wanted you to note in
your notepad relative to what I was

prompting yesterday, in regards to once
you understand this, and there is a, uh,

high impact news event, or if there's
a lot of impact for news releases in

London, and then there's nothing during
the New York session, what that does

is it actually frees up the New York
session to launch New York session in

London closed where it becomes a one-way
show where the range will expand.

You have a little resistance.

Okay.

And then you want to look for your
objectives, average daily range.

You want to look for
previous days, higher lows.

All those ideas become a much easier
way of obtaining your profit targets

when there's no more neutral leases.

In other words, you won't have that speed
bump concept of, well, it might still be

an update, but we'll have to encounter
some resistance here during the, uh,

eight 30 hour to deputies open at nine 30.

And again, everything I say
is relative to New York time.

So normally when you have news around
the New York session or inside the

New York session, uh, there's this
resistance or barrier, uh, window

between eight 30 in the morning in New
York at nine 30, where equities open.

Okay.

So when between eight 30 in the
morning, uh, session time in New

York to nine 30 stock market open.

If there's any news events in there,
that's going to act like a speed

bump for your daily objectives.

So if you're trading the daily range
relative to entry at London open,

you're going to have to wait out some
measure of retracement or consolidation

between eight 30 in the morning, nine
30 in the morning, New York time.

And before you see that blending
close, uh, uh, opposite end of the

daily range that you're holding for.

I said that yesterday, because that's
the reason why we saw such a real

nice move lower in pound dollar.

Once I was aware of what I was
looking for initially was wrong.

Um, I had further clues given by
the dollar index and then looking

for, um, the consolidation in
your dollar when you're a dollar,

when a Euro dollar is.

Do me a favor when we're
doing live sessions.

Try not to tweet because it's going
to alert and impulse, the, the,

the, uh, presentations, the, um,
since a dollar you're a dollar was

in consolidation yesterday, your
account had upside objectives still

to be met, and cable is weak with a
slight stance on a bullish dollar.

Everything was in line for the.

After the one enclosed
moved into New York overlap.

Once that New York session began,
you can see an acceleration and price

action is as exactly what you see here.

Here's your retracement
back into New York session.

And because there was zero influence
of the New York session news embargo.

Okay.

Between eight 30 in the morning
to nine 30 equities open.

That's why he had this quick rundown.

There's zero resistance whatsoever.

Okay.

And you're gonna learn about those.

Okay.

And why this level was real high
probability because this level that we

noted yesterday and, uh, the session when
I was recording and outline gave you the

reasons why I chose those levels, they
are known as low resistance liquidity.

And the reason why they're low
resistance is because there's no

news that's going to impact it.

There's no technical institutional levels.

That's going to impact it.

They're easy to run to.

And then if you understand that coupled
with time and price, it's very quick.

And then you allow yourself
to relax and expect speed and.

Magnitude of the moves that
that'd be seen in price action

when you have resistance, okay.

Or high resistance, liquidity
runs the objectives.

We'll still end up most likely being hit,
but you have to go through a longer period

of time and consolidation and you have
to weather being beat up a little bit

and held back during these news events.

And that's why it's important to trade
and low resistance liquidity runs.

Okay.

When conditions are like that.

And again, I'm going to give you all that.

It's all part of this month's teaching.

So don't let me discourage you
thinking, well, I don't know this

stuff and I don't have time to look
through all this, the tourists to

catch up with that, all that stuff
being taught to you and the teachings

you've only got to own for this month.

You got six more for September, and we're
going to talk about all these things.

So just relax.

You can't have it all at one time.

You got to learn it step by step, and
I'm giving you examples of what I went

to say yesterday was in your notes.

Um, when there's no.

Information that's going to be
released in the form of a market

driver or a news release or data.

Um, if it's nothing in there in,
in New York, that gives a very

clear way for price to expand.

That runs reports daily range.

When you have high impact news, even
if you have a high probability set up

in London, if you have high probability
news or medium impact, or rather,

sorry, high impact, medium impact news
and New York, that will cause your

objectives to be later in the day.

And it'll have to take
time to get through that.

And then you're going to wait for
the response on those news events

to come out between eight 30 and
nine 30 with equities open, uh, to

see if it's going to recapitalize,
what's already established in London.

In other words, if your bull was
London and you've been long in a

high resistance, uh, liquidity.

Condition in New York, if you have high
impact or medium, in fact news, you're

going to have to wait for sometimes
a little bit deeper retracement

or consolidation, and then expand.

It takes place where it takes you to the
opposite end of the range or an up-close.

So, uh, w w we'll contrast all that
obviously, and the two distinct teaching,

so low resistance, liquidity rounds
and high resistance liquidity runs.

You'll learn that.

Also most of my trades when I'm taking
live phones are trading in one high

impact or one medium impact news
event in London with little to no

New York, uh, involvement for news.

They're just like, they're the best
trading opportunities of the month.

They're just easy.

Everything's so technically perfect.

You just wait around for those
conditions and that's where

you want to put your money.

Um, you're going to encounter a lot
of things when you trade outside

of those and it makes you a better.

When you're trading at high
resistance, liquidity runs.

And when you have conditions
where you have to wait it

out, it teaches you patience.

It teaches you, uh, uh, market reading.

Okay.

We used to call a tape reading before it
went to all electronic, but the, uh, the

ability to read price as it's happening.

Okay.

That is taught by you being in here
every single day, not just with me

in your own, in your own studies
as well, but more importantly, um,

you're going to learn that there are
specific opportunities and specific

conditions that frame high probability,
low risk and big payout condition.

They don't happen a whole
lot throughout the month.

There's only probably one really one
per week, but if you do your homework,

you can see it on an economic count.

And that's why we start there.

We look at that and you can look at that
four weeks in advance and say, okay,

these are where I'm going to be really
focusing on one for that particular day.

And you can outline some conditions
relative to that calendar day.

And what would be seen in price.

You can plan everything you're
expecting to see because you know,

what kind of trader you are, you're
looking for optimal trade entry.

Are you looking for a bullish or a
block or are you looking for a run on

stops or are you looking for a void?

Okay.

Uh, back into third value, whatever you're
trading concept that you liked right now,

and it may change over time, but you will
know exactly what you're looking to trade

around that day with those conditions.

And then you apply time
and price day of week.

All those things come together
and you have a company.

Package of how you are going to,
uh, engage the marketplace and then

add to becomes your trading plan.

That became, that becomes
your trading model.

And then it evolves into your business.

You're not going to be tug of war
emotionally, psychologically about

chasing something new or worrying
about missing an opportunity.

You know, when you're going to
take a trade, you know what you're

going to do when you sit down in
front of the charts, if it doesn't

meet that criteria, guess what?

You're going to do nothing.

And you're not going to be upset about it.

You're not going to pout.

You're not going to go on online.

You're not going to send me emails.

You're not going to
send me direct messages.

You're not going to go on forums and ask
for someone else's opinion to support you.

You won't care because you know
these things, can they repeat?

They reoccur over and over again.

And there's no reason for you to
be upset about missing a move.

There's no reason for you to be
upset about being in a move and

it doesn't come to fruition.

All those things are losers mentality.

I mean, that's a, that's a
weak minded individual that has

no understanding of what do.

When you understand by way of experience,
seeing these things over a period of time.

When I said I'm collapsing in that
trade this morning on Twitter,

I guarantee you, someone will be
like, man, this is, this is bogus.

You know, this is what I
think it wasn't even worth it.

But look at the reaction in price,
since we did that, that's what

I'm trying to communicate to you.

Do you really want to be sitting
in an environment like this?

If we're net short or even
that long, do you want to be

in an environment like this?

That wasn't rhetorical.

I'm actually asking them for feedback.

Why?

Why is it not?

Why is it not something that we
should be exposing ourselves to?

There's two reasons.

Number one is what exactly
you're spending mental capital.

You're wasting all this energy
worrying about something that.

Now much less probability
coming to fruition.

So really what you're doing is you're
hoping and hope has no business or place

in trading zero, zero place in trading.

The second thing is it's not
meeting our criteria anymore.

So why would you want to save?

Because what you're going to do is
you're going to hold onto the position

and hope that you're wrong about what
you should be doing that exiting.

Okay.

You are going to say, oh
no, greed allows me in here.

I want to be in here and
I don't want to be wrong.

So I'm fearful about being
wrong and getting out.

And then it moves to my favorite.

You're going to learn by
experience every single day.

There's gonna be opportunities
where it looks like it's there

and we're going to take a loss.

And then sometimes we're going to
get in here and it looks like it's

there and it won't come to fruition.

And we got to.

There's going to be times when we get
in there and it explodes in our favor

and there's gonna be other times when
we get in there, it moves a little bit.

And then we wait, wait, wait.

And then we wait for New York.

And then all of a sudden
there were leases and price.

And then it'll see our objective.

There's four conditions.

It's going to have to
be experienced by you.

And you all want just
give me the good ones.

And I don't ever want to take a loss.

I don't ever want to have any adversities.

I don't ever want to be in a marketplace
where it does this type of stuff.

And there's no recipe for that.

I'm going to give you a framework
that helps me do what you're seeing me

do, but there's sometimes I'm wrong.

And sometimes I will get
a wrong read on price.

And hopefully I will learn quickly.

Like you saw yesterday, I can
change gears and go the other way

that won't always be like that.

So don't think that that's
always going to be the taste and

sometimes I'm going to get wrong.

I'm going to be wrong.

And invariably, I'm going to
be wrong because I'm forcing

myself and it conditioned.

I'm not always doing, I'm not every
single day looking for something.

Because I need to show you by experience.

You have to be with me every single
day, seeing what I see so that we

understand what goes on in my head
and if I can internalize, uh, what

I see in price, match it and then
communicate it hopefully effectively.

And I'm learning that because it's not
something I normally do so immediately,

it's a little cumbersome for me.

So if you signed on, you expected me to
be a motor mouth, like I'm on a rant like

now, while price accidents happen, this
is simply not that much to talk about.

And it's actually, when you're
acting, when you're in a trade,

it's actually very boring.

And that's why I listen to music or I
listen to audio books while I'm, you know,

I'm going to train but long and short of
it is you need to have these experiences.

And that's what I've been asking folks
to do since 2010 to get in there and

use the concepts and the tools, even
the barest form of them to expose

themselves to time and price and scene.

The effects of being every single
day in the marketplace, looking

at price, studying price, because
you're going to learn from it.

Did any of you understand why?

At the very moment I said I was
taking half the position off.

Once we went up to load these
loads, once I took half off.

Did any of that, did any of you feel
like why is he, why is he doing that?

Because once we break these lows,
which is what we were expecting to

see anyway, when Frys failed to do any
more expansion, once we took out that

equal, well, because it went just a
little bit below it and stopped and

hung around there for a little bit.

And we showed no speed to drop faster.

We had no willingness to reach
for the stocks below these levels.

What does that really indicate?

It doesn't show any willingness
for the market to seek

liquidity on the downside there.

Otherwise it would be
in a rush to go to it.

It's indicating it's a
Ronald stops under the loads.

And as I was looking at,
I'm like, okay, I'm going.

I might be wrong, but it's better to
take something off and pay yourself.

Do not listen.

And I mean, this, I don't care who it
is that says it do not listen to people.

Traders online media people, supposedly
gurus teachers, service providers,

mentors, talking heads, whoever it is.

I don't care.

You put the title on top of them
and I'm telling you, if they tell

you don't take partial profits.

That's the stupidest thing
I've ever heard in my life.

Don't ever listen to these people because
they don't know how to trade and you

don't have to make money consistently.

Period, professional
traders pay themselves.

That's what we.

And if you don't learn this skill, you're
going to be in bad conditions and have

an opportunity really to pay yourself
and still not see the trade pan out.

Like today we were wrong.

We were absolutely wrong.

And the expectation of what the cable was
going to do, but we got 20 pips out of it.

There you, how can you argue
with a condition like that?

And the only way you arrive at
that is number one, being flexible,

admitting that you're not perfect
admitting that you may not read price

accurately or here's one for logic,
the market, just isn't ready to move.

Think about that.

And that's what we're seeing here.

So it's important that you have
all these things that play out.

In an internal dialogue, every single day,
these things will be communicated to you.

And by habit, you'll pick up on these
same things and you'll start doing it.

Okay.

Just like people that teach my stuff, you
can actually hear all the things that I

say, the mannerisms and the way I refer to
certain things, it's like a fingerprint.

Well, because of daily involvement with
me and reading price together, you will

by default learn how the internalized
price action, the, how I do it.

I mean, good grief.

You got 200 days.

Plus with me for the next 12
months, you're going to do it.

Trust me.

It has to take time to suppress all those
desires about, I need to know right now.

You don't need to know
right now, you trust me.

You don't need to know that right now.

You need to understand what it looks
like on a daily day-to-day basis.

What trading really is okay,
because it's not all fast books

getting in there in and out.

And you're, you're done for the day.

Sometimes it's like that.

And that's great.

We train, but other times it's kind of
like this where you there's a set up,

you trade it and it doesn't give you any.

So, if you can manage to get something
out, great, your risk was defined.

You took some money out and you
can walk away and feel okay.

Well, I didn't waste any of my time.

I got a posit and my experience.

I got a deposit in my account.

I got a deposit in my, uh, PIP hall
for the week and I don't feel rushed.

I don't feel like I gotta
go back in right on it.

I don't have to go back in here.

I don't need to prove anything.

And that's what you
need to do as a trader.

You're doing this to be profitable,
not correct, not 99% accurate.

You're only doing this to make money.

That's the number one
reason why you're here.

That's why you paid me because you
want to learn how to make money.

You're not here to learn how to,
you know, talk about the markets you

want to get in here and understand
what it is you're going to do on your

own independently, apart from me.

So when we do things like this
and it doesn't line up, don't.

Don't marry the vain.

In other words, if we got a trading idea,
don't insist that it has to be that way

because the market's going to do what
the market's going to do and you can't.

And I can't certainly
impose my will on it.

Um, hang on one second here.

Okay.

Um, Ms.

Sexy.

Good question.

That's a lot.

I mean, again, a lot of the time.

I appreciate your, your you're wanting
to be interactive with, with the

license, but it's, it's, I really just
want to see anything that comes up.

That's a real sticking point for someone.

Um, if they make a question about
that or, you know, if I need to

be reiterating something, then
obviously I'm looking for that.

But the question is, is why was I
not interested in seeing it want

to go back above these loads?

Um, well think in terms of the
simple support and resistance, we

broke through it very aggressively.

Um, it can come back, I'll
allow it to come back up there

and be good for the trade.

That's what we were discussing in London.

Um, but I would've much rather
seen it, do the run up to that

before the economic release.

Okay.

At four 30 and then drop off and then
come back and hit a bearish or block

that would have formed at that level.

Then it would have been lock.

It would have been very easy for
this market to drop down because

everything would have been in
place, but we are stuck in here.

Okay.

Probably high probability would have been
the market during Asia into, uh, Frankfurt

going into this level here and then
retracing a little bit, and then running

one more time at four 30, when the numbers
released, whatever that up camera would

have been after it hit this level, that
would have been, that would have been it.

I mean, I, that would have been a really
good setup for, so, but because they

left this exposed area where it didn't
come back up and hit that low as a

resistance price point, it means that
they could still come up there later on.

And because we're trading in
London, it can do that in New York.

Even if we have a drop
off in London initially,

why would I be looking at this low
and not the bears or a block up here,

or this one, this or a block you're
asking about Kim, this one right here.

You're asking specifically.

Okay, because the order
block is above these lows.

And if it's going to be good,
it's going to stop here.

There there's no, there's no necessity
for them to come all the way back up

here because they broke all this support.

So think about what's going on.

The books are, are net short up here.

They don't want to come back up into
that range because the likelihood is, is

they may, they may end up getting people
that are waiting for a deeper retracement

to get on board with their shorts too.

They don't want that.

They want to keep the pain on those
individuals that are along so they can do

what squeeze them out of their positions.

And that gets more liquidity.

So the short answer is this.

Once we broke these lows,
this whole consolidation, once

it broke and did aggressive.

You don't want to see it
go back above this level.

If anything, you will permit it to trade
back up to that level, but you don't

want to say it though above it, because
it might, if it does that this break in

market structure is not as significant
as it was when it broke it here.

Does that answer your question or at
least make it a little bit easier?

Why would I expect it to go up to
that level before the news events?

Because, uh, that would be
protraction, airy, um, price action

or Judas swing up to a logical
area of institutional order flow.

I mean, the fact that we
cleared these staff is enough.

Yes.

And I mentioned that during
the London, but I would've much

rather seen it, hit that level.

It would have been returned
back to resistance or support

broken out, uh, resistance.

And then we would wait for a bearish
or block the film or form rather,

and then come back up to it later on
during the economic release, it would

just would have been no more reason
for it to go back above that level.

And we could not be fearful about
how much of a rally the four

30 uh, event would have caused.

That's the reason why I had to have my
stop up here initially, because we had

this exposed area here and I could have
been wrong and it could have came all up

and hit that bear shorter block anyway.

So that's why it caused a larger stop.

And that's the reason why as well, I
didn't want to see this, um, uh, level

failed to get to before the numbers
released because it to go there allows

us to have a smaller stop, but because
it didn't get there, we have to have a

larger stop allowing price to move up.

We might get it.

Now we went to where this love here,
but again, same scenario we had here.

It has this, it has to expand quickly.

And again, it's still not doing that yet.

If you're short.

Yeah.

I would go to breakeven.

We're in New York now.

So yeah.

U kids expanding.

Uh, we got a small

little area of resistance there.

We got to watch the 32 big figure.

And

I don't know.

I think we might, we might have this now.

Right.

So we have new York's
midnight candles opening here.

If we come down a little bit more, don't
run yet and come back up into here, right?

To the bottom of up candles.

That'd be a retest of new
York's open at midnight.

And then we could probably see it right.

Exposed liquidity below these lows here.

Hm.

dollar Keds.

It's a,

this would just have to be an
observation when I wouldn't take

anything where we're at now.

I mean, to, to, to be long ahead of
such a short distance on resistance,

because there could still soup in there
and go up above it and then retrace.

And that's not what you want to be in.

We have ball shore block here and here.

Now we're expanding.

So I don't think I have anything for
entry for us CAG or at least not yet.

Five are still dead.

Uh, like dollar dollar still looks good.

I think we're going to
probably own a Crudo numbers.

We'll probably want to run

pound bear.

Look at that right there.

Who was here during the London session
live, which of you were here for that?

Did you see me Nick in notation of this
right here as it was going below it.

Sorry about that.

I had a semi soft, please.

Being taken to school by
his older brother today.

All right.

So we're not who look for CAD the run
through 32 big figure with momentum and no

willingness to want to come back below it.

Cable releasing.

Yeah.

Watch this Orbach though.

Still early in New York.

So we have our expectations are
if it's bearish still for the day.

Okay.

Can you guys hear me?

Okay.

It's probably on your end Tanner.

The, uh, we're looking
for around below this low

now, I would like for it to come
back up in here just a little

bit between now and eight.

Between now and eight 20 to get
a little bit of a retracement.

That'll be a very nice setup
for New York to be short.

And then we'd have all this price
action above the opening of New York.

I'm sorry.

You open at midnight in New York to all
this would be the high, the daily range.

And then we're going to be in the body of
the candle that forms the daily range and

we'd be in position to expand or ride the
expansion rather down to the objectives.

We've outlined here.

I'm starving my stomach
on the ground, like crazy.

So if you guys hear it, I apologize.

I'm paying you a chance to eat
anything before I came back on.

All right.

Let's all right.

Let's play devil's advocate for a moment.

Okay.

Cause there are, there's going
to be times when we do that.

And this is the reason why I don't
want you guys jumping in here late.

And hearing me say, okay,
we're going to put a cell here.

And all of a sudden you
think, oh, this is it.

I'm going to, I'm going to do this.

And this is how it should be.

We have an expectation that price
should go lower on pound dollar.

We have levels that we've outlined
where we think it may go ultimately

for the day on the downside.

So we're focusing primarily
being short dollar, I'm sorry,

long dollar short cable.

Um, fiber's not doing anything.

It's not moving dollars.

Uh, maintaining it's,
uh, consolidation here.

I would rather, I would have
rather liked to come down and hit

that roadblock, but that's okay.

It's not necessary.

Um, I expect this thing
to want to go higher.

We're seeing that evidence also in U S
CAD real quick, across the board on the.

Not so much strengths on the
Swiss and on the dollar again

and, or a block nice thought around here.

So we could get some
expanse on dollar yen.

So I'd like the idea that dollar
has a reason to want to go higher.

Cable's already been loose on the downside
and with fiber tight in a consolidation,

Europound has reason to go higher, which
we've indicated here, but assume for a

moment your, um, uh, Johnny neophyte.

Okay.

You were in there, you have a conclusion
that you think is going to go lower.

Um, here in the New York session, if
one were to want to trade short right

now, and I'm not saying to do this okay.

But we will do exercises where
we contrast, where we still have

a directional probability of
higher, lower with levels in mind.

I will purposely tell you in advance,
okay, we're going to do this with the

understanding of how much draw down
you have to encounter by entering

here versus entering rate at a bit, a
bear shorter block, or a bull or buck.

So I understand what I'm about to say
is this is not an invitation to do that.

Okay.

I'm just telling you right now, if
you were to get short and you want

to sell it right now, the question
is where would my stop-loss be?

The stop-loss would have
to be above the daily high.

So words, if you're looking at it.

Right now, it's where we're at.

There.

It's a forty-five PIP stock.

Now contrast that with, if we
get a retracement into here, it

only needs to be a 34 PIP stop.

And that's why we would expect to see
a little bit of retracement during the

eight o'clock to eight 20 time period.

That's it.

That's a good classic scenario.

You would see on a daily range.

Um, and it looks like this stuff here.

Okay.

Um, New York is the easiest animal.

There is in trading.

I mean, it's the easiest one to trade
because even if you're wrong about

your interpretation of one in many
times, you can still get a range

out of what's set up in New York.

And what I mean by that?

Uh, the, the Lowy, I'm
sorry, the high we made here.

And we came down here
and I rallied back up.

If you stole here and just got your
profit here at this old low and say

it was reversing at that point, that's
still an area which you can take profit.

I mean, it's a small little intraday move.

I mean, some of you want that on a
daily basis and you can study the

New York session for that reason.

But if you have a daily range idea where
you think that the New York session

is going to be just a retracement or
a Paul's for the second leg in the

daily range to unfold, then it gives
you a lot of reasons to get positioned.

And then wait for 10 o'clock to 11
o'clock in the morning, New York time to

get that in that complete daily range.

Yeah, the interest rate, uh, that
decision or lack of decision is

what's causing all this consolidation
and this meandering sideways and

markets don't have an opinion yet.

And the market makers are building
in interest relative to the

consolidations that we're seeing.

So regardless of what the interest
rate announcement is going to be,

we'll already have an idea of what the
market should be expecting based on

what the consolidations have priced in.

And wherever the easiest money is to
knock out that's where it's going to go.

So again, interest rates, I could
care less about the interest rate

and the answer is no, when it comes,
excuse me, it's going to be a lot

of impact in terms of where price is
going in terms of magnitude speed.

I wish it would just raise
interest rates and be done with it.

But what I want doesn't make a difference.

Um,

no, it's, it's the fact that.

Interest rates are on the horizon and
dollar really hasn't escaped its range.

And the play is really in your opinion.

Well, if they raise interest rates that
comes with a lot of other things too,

but, um, just for movement purposes,
I would love it in the, raise it up.

All right.

So we're getting a little
bit of a retracement in here.

Yeah, there's a lot of things
that's having an impact on

the wait and see mentality.

Um, if you look at the economic
calendar for the entire week

now, my is actually what I just
told my son to turn the TV down.

He's watching a TV show and sometimes
you'll hear that stuff in the background.

And if I pause it at use any, tell
him, Hey, turn the TV down or Hey, be

quiet this time of day they're active
because they get me to go to school.

And now they're coming in
and ask me what's going on?

You know, whatever the dads.

Well, it's been run
with, it's not that much.

All right.

So what we're looking for,
again, it's this focus guys.

The, uh, I want to see
this, this candle here.

I want to see that get traded
back up into the very minimum.

I want to see it hit this low of these
candles, the hits that I'll put a

short one for New York and see if we
get some expansion on the downside.

So I'm not requiring the opening
at New York to be retreated to.

I'm really only meaning.

So if the candle can hit 31
96, I'll go into market short.

That's Bella,

hang on one second.

She wants to come inside.

Right?

So anyway, if we get the run
up to this level in here, and

I may actually need to do this,

use the bodies of these candles.

This down candle body
in this down candles by.

So if we trade up to that and ignoring
the wicks, I'm allowing the price to

come back up to 31 94, that does that.

We change this to light that way.

Allow me room to take something off.

Once we take the lows out here, I'll
take first profit there, but in our

20 pips, if we can get it, you know,
I'm not saying it's going to happen

now, but if we get a retest up to this
level here, I'll sell at the market.

There, look for first profit.

And once it billows below these lows, and
then we'll lead the second a lot on the,

see if we get those lower level objectives
for the daily range right now, we're just

about crossing halfway point of two day.

And again, that's defined by the blue
line, midnight in New York and three

o'clock in the afternoon, New York.

So we're writing about the middle of it.

And since here's the other thing
for your, uh, your notebook?

Um, if we do get expansion, um, we've
been in consolidation this entire day.

It very little range, real,
real tight little range.

And if we get expansion, should it come
by way of slow lethargic price action?

Or should it be quick and decisive
because of what I kind of like really

lead it to you in that answer, but

right.

So there's less time.

Okay.

Less time in the day.

So if it's going to move, we'll have to
be done quickly or what move lethargic.

Exactly.

Everyone's saying the same thing.

Very good.

It has to be done quickly.

So it'll be a quick run.

So it goes consolidation to expand.

Okay.

If that happens, if we start seeing it
move, it should move rather aggressively.

Uh, the take the stops
below the marketplace.

That's what we're, that's what the
assumptions are is it's eight, 15.

I want to do it now.

It might give me my price.

Well, I'm waiting for us to hit it as
soon as it hits that level right there.

If I'm going to show up, well, just
line, just watch the line that hits it.

I'm going short right there to stop.

We'll go above this high here.

It says dealing range or
the bears were blocks up.

It goes there again.

I don't want to be in the trade and I'll
just take the loss and be done with it.

And Tyler looks good here.

He's asleep still.

Cat's got to hit that 3,200 level.

Honestly, I have to care
less about Peter pound

of them.

What you want to make sure they hear you?

Huh?

Well, the question is what's making me
change your mind about shorting the,

uh, the cable, because this is demo.

I wouldn't do it with
live funds right now.

It's just going, it would go, it goes
against my, I don't want to be a seller of

cable, but because of teaching purposes.

So yeah, focus guys.

Okay.

Went in right at that level
and advisor to candle.

All right.

Start needs to be a third, 2 25 40
first, or just after it gets on much.

and 6 1, 2, 3, 4, 5.

All right.

That's that?

Um, I have two lots on
permitting me to take one off.

If we get a rollover in price
does come down below these lows.

I will wait to see if there's any
expansion we get that I'll take one

of the Watts off and I'll put a stop
to just above this short-term Huynh.

And then once we, uh, take out this
level here, it will go to breakeven.

And if it goes to a full stop
out, then it is what it is.

And you guys got to see me take a while.

now, since I'm short pound dollar
in the demo, what would I want to

see to confirm that trade in us
cat, even though it's not directly

related, what would you want to see?

You want to see it go through
the 1 32 big figure as we

outlined here with this level.

Okay.

You want to see it decisively go
through that, not just poke his head

above water and then come back down.

That's not what you want to see.

If we see U S CAD run aggressively
through this and we see dollar even

just stay like it is right here
that will allow this pair to expand.

Go lower

again.

It's all a market symmetry when
everything's in agreement, when

things are, are supported in other
pairs, conversely, if there's an

inversion between relationships.

Pound dollar.

If it's going down, then
us cash should go up.

But if you see a level like we're
approaching here, this is a really

good environment for you to learn.

Because even if I don't get, um, the
pound dollar to unfold favorably and go

to these lows of take first profit, I say,
let's play devil's advocate for a moment.

Say that us cat does in fact go up here
and internal soups and this rejects, that

would be a perfect illustration of why
you need to be paying attention to these

things in your own trades, because if
it does this, okay, if it goes up here

and fails and starts to come back down,
it'll allow you the ability to collapse

the trade and not get a full stop.

In other words, it doesn't give you a
confirmation that you're in a good trade.

Does that make sense?

We don't always just wait
around for a full stop out.

Just because we have a staff in
place doesn't mean, Hey, well, you

know, I'm willing to lose this on
a risk, but if I can get a discount

on a loss, then I'll take that too.

Hey, we're all we're always managing
and balancing and weighing things.

It's not just simply get in there,
take the train, you put your stop,

get your limit and walk away.

Or just worry about this one.

You're looking at the general market
conditions across all the other pairs

and ones that are hitting major levels.

Yeah.

We want to see a willingness for them
to drive right on through that show.

Very little interest in stopping or
pausing, and that would build more

confidence that what you have in your
other pairs, that would be, uh, inverted

to what you're expecting to see in here.

You're checking to see prices go
higher in this pair that would

translate into expectations
of a lower price move in case.

The question I, um, I got was, um,
why wouldn't this bullish order block

be a bind, um, because we haven't
exposed range down here on that

liquidity void on the hourly chart,
which we'll look at in a minute.

I just want to see if this thing
was going to be moving right now.

So, uh, exactly when the,
uh, CME starts trading.

So let's see what the effects are
after the future starts trading.

Now, if this would have
happened here, okay.

At the completeness of may have
a fresh chard that show you.

There's no way I could do this with
life funds and be able to talk to you.

Absolutely.

Zero, no chance that would have happened.

Um, yeah, we have this
void still on cable here.

Had it been like these two lows here
happened Ray, at that, then it would've

been, then the older block would be more
influential on the upside near term.

Not like picking a lower end like that,
but, but which as we have this exposed

range between this Boyd and the lows
that formed, that's why I'm telling you

that I don't personally believe that
this is a by area that help you, man.

No worries.

It's in simple terms, I believe
that they're going to want

to take the market down here.

So anything bullish here
would just be minor.

And the more money is below the
marketplace here because they showed a

willingness to drive price aggressively.

And somebody chased that and we're
dragging the price down against them now.

And ultimately those that want to
have white stops, they're going to

play some below here and I believe
that's what we're going to end up

seeing priced for today, uh, 31 57.

So that gives us a decent amount
of pips for downside objective,

if we can get some expansion.

Yeah, it's a, um, it's a valid point.

Chris Santa's exposure range on both
sides of the day is a bad day trade.

It is.

I mean, the probabilities are not high.

Know, if we're going to get in
here every single day and teach and

practice and, and, you know, give
you a framework to go with it, you

know, as a trader, you got to do it.

And I can't, I can't run a service
just doing one trade a week.

You guys will be quickly bored with that.

Well, yeah, Kane, um, Kane's asking, it
could be waiting for the news at 10 30.

It could be, uh, that's why I'm
hoping that it drives through well,

you know, shows no willingness to
stop you and drives through ahead

of the news, because what that'll
be is they're actually pricing and

what that report is going to give us.

And then it'll probably be a strong
rejection lower after the afternoon.

Uh, if we stay below this level,
Before 10 30, which is highly unlikely.

We're so close to it.

Um, I would expect the news report
to drive it higher aggressively,

but I don't want to wait between
now and 10 30 because you know,

we have a short, a short pound on

I do when I'm really aggressively
positioning for a cat.

I'll watch crude oil, but for
minor fluctuations like this,

I'm not really so concerned.

And it's noted to crude on the
numbers are going to influence

near term volatility in the CAD.

I don't know which man it was.

I just remember seeing that, sorry.

It's a lot, the bounce between
Martin price and fielding questions.

If they come up, that's why I was
asking if everyone would just keep the,

you don't even have to say thank you.

It's just, if you need some, you
know, if you need some more insight

about what I'm saying, then yeah.

Prompt me for that.

But like opinions and stuff like that.

No fans, I'm not really
interested in your opinion.

I'm okay with being wrong.

Um, I tried doing the question
stuff after the video and I ended

up being here for like three.

And that's not what I want you, there's
no way you guys are going to be able to

digest 20 hours a week in video content.

There's no way you're going to do it.

There's just absolutely no way.

So a couple of times a week, I'm willing
to spend that, you know, an hour, hour

and 20 minutes like that, and a video
presentation when it warrants it, given

the conditions we're trading with today
is a lot of explanation that goes along

with this, there's gonna be days where
the market just responds really well.

And we can do the session in 15
minutes, everything will be done.

It's it's it, it's over.

There's nothing to really talk about,
but because there's more to talk about

when you want to be avoiding trading
than there is about what actual trading

and high-poverty conditions look like.

It's very, it's very little things to
concern yourself with, with high prices.

Low probability is a lot of the
things to concern yourself with.

It requires a lot more jawboning
and being in here explaining what's

going on, why should be dominant
and why it shouldn't be doing that?

The, uh, the, uh, the question was,
well, I have more discussion about

using, uh, relationships with other
payers to support your trade ideas.

Yes.

That's intro it's intermarket
and intermarket analysis.

You'll have all that stuff given to you.

Okay.

Cat's hitting at 1 32,

hit it.

1 32.

Again, we want to see it expand
aggressively through that, not

these little wimpy candles where it
wants to peek its head above it, or

just touch the 30 too big for you.

That's not what you want.

You want to see them reach real
deep, far beyond that big figure

to gather up any liquidity.

Cause think about it.

I mean, it would be in their interest
to dry price higher because looking at

CAD here, is it, is it a safe bet that
the banks are net long on this pair?

Dollar cat?

I mean, pretty obvious, right?

I mean, this is obvious that this pair
has a net long book at the bank level.

So if you're going to see a level like
a big figure, 1 32 even, is it in their

interest to just offer a price just at 32.

Or they've done it through their okay.

To reach for liquidity.

That would be well above just
the 1 32 big figure, because

that's where they want to exit.

So the expectation is we don't want
to see a wimpy just touch 1 32.

Even we want to see them
drive it through it.

And we would expect that to happen
because the books are already net long

and they want to exit a high, higher
price, not just a wimpy old big figure.

They're going to try to
drive it through that.

That's what we expect or anticipate
when it occurs, especially by

knowing what's already happened,
where price has moved from.

It's all about role-playing okay.

You're the bank.

You're net long.

Do you want to take profits here or
do you want to offer price higher

where you can unload them at a
higher price and get more profit?

Obviously you're going to
offer it at a higher price.

So for trading at a big figure
level, you anticipate, and this is

the reason why, when we talk about
big figure trading, it's always

at least 20 pips above or below.

In other words, if it's
moving up to a big.

It won't just trade rate to the big
figure and stop many times it'll go 20

pips or do a little bit more than that.

Usually on average because there's
liquidity resting above these

round numbers in the form of funds.

So when we see this big Sur a big 1
32 figure the expectations that we

want to see expansion go through that

consolidation means that there
is a accumulation of orders.

And by looking at other payers, um,
you'll know what, what pairs being

driven with the consolidations like
we've, we've been monitoring, uh, you're

a dollar mean consolidation relative
to the weakness in pound dollar.

This panel, that's the last line of
defense for my idea for New York.

So I don't want to go above
the middle of that up candle

eyeball on it.

So

now right as level is one 30 to six.

So I'm a little, I'm a
little distance about that.

So I've got two levels of defense below me
in the form of this bear, shorter block.

We have another bear shoulder block here,
and I'm in the middle of this one here.

So if it comes up there, I definitely
don't want to be in this trade.

And I'm okay with taking that
because it's probably going to run.

I don't see it here, but I'm just saying
if it gets there as levels, that would be.

The reasons why I would be
okay with being stopped out.

And when you put a stop-loss and
Yappo stop-loss loss and where number

one, it makes sense to be out of the
marketplace and you would be thankful

to be out there not, oh, it just
took my stock out and you could go

the other way right then and there.

And that's not where you want
to put your stop off set.

If you go back over your old charts
and entries, many times, you probably

put your stock rate at an Orbach, and
there's been so many people I've seen

on Twitter and on Facebook that claimed
they knew how to trade and they put

your stop-loss rate in over a block.

Then it goes right to
their stock, hates it.

And everyone's the other way.

And they're complaining and crying about,
you know, how they got knocked down.

And of course we've all done
that, but it's, it's a lot more

gratifying when you know that you
got stopped out for a real reason.

And it's good to be stopped out where
you got stopped out at, because it's

going to be running the other way.

And there's no, there's
no argument about it.

Let's go back to very much a cat again.

All right.

So let's poke and set
up all that big figure.

1 32, even

again, we want to see expansion to that.

Not just this little pancake stuff
we want to get through it, driving it

hard, big, big candle through that.

There's so much money out there.

Again.

Don't worry about this stuff.

Not working.

Good.

Nice to see his dollar
go up a little bit more.

I want to see steady up closes.

Even if it's marginally up.

I want to see stay up close
candles and then it'll expand it

for us.

Cat, if I was long.

Well, I mean, you're asking me something.

Yeah.

It doesn't really benefit
anybody by saying that because

it's all pure hindsight.

We can buying in the order block
here at the top of the candle and

your stocks have to be below that.

Then you have another order block here,
which is a propulsion camera because it's

giving into a lower level order block.

And it's not that many cans away from it.

So this is where the actual buying.

So you can actually look at the middle
of this candle and where we traded here.

And I'll give you the price
that they were working in

31 50.

So there's a buy that there.

And we'd have to see if it wants
to reach 30 to 15 or 30 to 20,

which is what I'm looking for.

Can you guys hear me now?

Okay.

Couple people said they lost audio.

Okay.

Okay.

All right.

So we're just gonna sit here
and, uh, allow price to gyrate.

Um, just stops in.

You can see that the objectives are
noted and I will come back in a moment.

I'm just going to put you on mute while
I do my dad's stuff with my youngest.

Again, we don't want to see
any retracement, you know,

retracements from this level,
ideally it needs to expand through.

Cause if I was long, I'm going to
try to book exits at 30 to 10 30.

So that's the rationale behind why
I'm expecting it to gone through

and it can happen before the news.

The question that I got, um, is it
advisable for us to, as traders to

set the stop loss and a take profit.

So you don't have to be
watching price all day.

That's exactly what you'd be doing.

That's what we have.

That's why we have our
orders in down here.

I used to take profit,
stop loss, stop loss.

Uh, 31 pips profit is 62 pips.

Okay.

Order blocks are the same,
regardless of what asset class.

So during the recordings, I'm
gonna ask you not to speed up all

the times when I'm not talking.

So that way the videos
aren't so gradual under huge,

that way, it's only the stuff that
makes the most sense, listening to

any periods of quietness or just be
sped up for the sake of continuity.

So, uh, earlier when my son was sitting
on my lap, tell me what he was going

to do when he gets home from school.

He, uh, I was outlining this level here.

I wanted to see expansion on the downside.

Um, we want to see upside expansion.

So the big 1 32 figure
over here on dollar cat.

We want to see advancement
on the dollar index.

Um, I'm comfortable
where my stock is here.

Really, really comfortable.

Um, it shouldn't go up to that level.

And the reason why is look at how much
time we've spent trading all in this area.

Okay.

All this entire block of price.

I mean, let me shade it
in so you can see it.

I want you to understand it
from a conceptual point of view

this entire day from midnight
New York, to hear all that.

I mean, change the color of it.

This entire shaded area that
is very efficiently traded.

So the range high or a daily
high coming in at 1 30, 2 31.

The opening at New York.

Well, that would be up here,
but the lows created here or

you use that reference 31 94.

So that range in price has
been really efficiently traded.

It's been so many times passed
back and forth in that range.

The only reason for it to go north
would be to take the daily high out.

Okay.

And if I see it start taking out
this or block here on collapse in the

trade, I'm going to say this full stop.

I won't worry about, um, are messing
with it and it won't be any concern

for me because I'll know that it's not
coming back up here for an order block.

It's coming back up here for
the stops when the daily high.

So before I go any further, do you
understand what I just said there?

If you don't understand
what I've just said.

Okay.

The fact that we've spent all this time.

Several hours of today, all inside
this shaded area between the range low

created this line here and the daily
high that's like, this is the case high.

If we see all this price
action and in here, okay.

Each time it did this, it was
making a lower, low, lower, low,

I'm sorry, lower high each time.

And it's pressing lower.

Like we were anticipating the low
out here to be ran for the liquidity.

There's no reason for it to go up
to here, unless it's going to go

all the way above the daily high and
get the stock above the daily high.

I'm not saying you can't do that.

It absolutely can do that all the time.

Every single day.

It can do that.

But for probability sake for, for the New
York session today, to least resistance.

Okay.

And so this is what I'm
going to explain to you here.

This is what's called a
low resistance liquidity.

The stops above today's high.

That's a high resistance liquidity run.

It's got to go through this short term
high, this short-term high, this short

term high, this short-term high, this
short term high, just to get to that.

And there's multiple layered or blocks in
there that it has to contend with going

on the upside versus just dropping down
here and taking the liquid below that low.

This is a low resistance liquidity run.

This is a high resistance liquidity run.

My stop is in an area of
high resistance liquidity.

Yes.

The, uh, the answer to the question
it was, uh, posted be, um, by order

stacking above these short-term highs.

Yes, they would be, but you're,
you have to look at where the, when

remember the analogy I gave when
prices moving across our charts, you

got to imagine it as a paintbrush.

Okay.

The paintbrush can only hold so much.

Per stroke.

Okay.

And as you use, the paintbrush
is loaded with that pain.

The supply of pain is reduced.

Well, a lot of paint has been used up to
paint this entire price range up here.

There's no area down here painted, except
for this one time little area over here.

So it's going to want to go down there
and then go into a new territory.

Okay.

So it's, it's less likely to want
to come back above this whole

block of price action than it is
to want to go down below here.

So yes, there are stops up here,
but they're not of any concern right

now because the most liquidity is
below the lowest because they've

given indications that they wanted
to make price, uh, more buyers in.

And we gave that nice little
rally up and clear to staff's.

Retail's going to chase
that on the long side.

So where's their, stop-loss
going to be for long.

It's going to be below these lows because
they believe that this is short-term

support or strong support or a double.

And double bottoms get picked.

This is the type of action
we're looking for over here.

This is supportive of what we're
expecting for today's New York session,

supporting the short for cable.

Now, what we want to do is we
want to see this order block here.

Give up.

It's good.

So we don't, we don't want to see any
kind of willingness to see a snap up.

We don't want to see that at all.

We want to see it just drive right
on into IIOT, completely up and

at the same time, see further
expansion over here and positive

up candles every year on a dollar.

If we get that, this is a block it's
going to go down, run the lows, and we'll

see if we have any steam to continue
going into our lower level objectives.

Because it has.

Okay.

The question that was why
don't I put my stop above the

equilibrium of the order block,

the whole conceptually, I could put my
stop above the middle of this entire range

that shaded in yellow that could do that.

But because I'm balancing being
a dad this morning, I'm balancing

being a mentor talking live.

Um, I'm also, I'm processing
those things at the same time.

So I'm actually, I'm actually doing more
than a trader should be doing at the time.

So I'm giving myself some leeway
to allow a lot more responsiveness

on the part of me seeing price
and reacting and describing it.

In other words, what I'm saying is
this, this is very difficult for me

to do and teach at the same time.

Cause I have to allow myself time
to talk about it and prepare an

account and outline everything

where I've taken this trade.

Yes

no, you don't want to jam your stop
loss to break even New York trading.

You got to take out a old, low,
or an old high before you can

ever consider moving your stop.

And that has to happen by this time.

When we take this low out, when this
thing drops down below it, then you

lower it down to this level right here.

You still gotta, you gotta
still have some risking.

And that's the part you're all afraid of.

You're afraid of assuming risk
in New York, you have the entire

range to work within and they may
come back and take stops intraday.

So you have to be mindful of that.

So don't be in a hurry to
jam it down in, to break.

Even it's not necessary.

You want to give the market some
room to move around a little bit

because just normal price delivery.

If it's required.

I really like the fact that we're
spreading our wings here on a category.

That's 32 big figure.

I love the fact that we're seeing a
dollar starting to come alive over here

and we're just into the Orbach here.

So I really want to see an expansion
through this entire down candle.

I'm going to see this entire
downcast candle get exactly.

Yeah.

Um, to kill the trade, like what
would be a, uh, like an hours?

What would cause me to collapse
the trade and say no way,

I'm not going to hold this.

Um, it would have to start
trading above this line.

I have right here, because to do that,
it's already taken a short-term high.

It's moved beyond the means
threshold of this bear shorter block.

And I don't want to see it go any higher
than that, because then it's going to

reach for the liquidity on a daily high.

And that's what I'm telling you.

If to go up in this shaded area would just
indicate it's coming for the daily high.

And I don't want to be in there
allowing you to take a full stop.

Everything I've outlined so
far is the only reasons it is

necessary for where the stop is.

In other words, when I
say collapsed the trade.

In other words, if, if I let the market,
if it was the reverse here and say it

was the reverse and start going to this
level where I answered short this level

at a bear's or block main threshold.

In other words, it's the
middle of this down candle.

I'm sorry up, which is a bear's shorter
block they sold as price went up.

It should not ever go back
above the middle part of that

up candle after it's dropped it.

Shouldn't do that.

If it does, it indicates it
wants to potentially reach for

liquidity higher than that.

But what would that be
above the short term high?

Well, above that short term, highest
what all these wicks and then the

daily high I don't want to be.

And I don't want to extend myself
the opportunity to get stopped

out at a full loss that I'm
willing to assume it's 31 FIPSE.

So if it goes back above the middle of
this up candle, hon out, I'm done and

I'll take the loss between my entry
and this price point here, much more

efficient way of trading and absorbing
a loss that's cost of business versus

just saying, well, I'm going to hold it.

Come hell or high water, because.

And in March myself, get
stopped down full loss.

It's not economical for a trader
to even know, have a catastrophic

stop, which is what this is.

Every stop I place is
attached traffic stop.

It's not ultra short term.

Uh, I need to have five PIP stops.

You know, I think that's unrealistic.

Okay.

Even with someone my experience, I
don't think it's necessary to have that.

You need to have some risk and
you need to also allow the market

to move around a little bit.

And that comes, you get comfortable
with that idea because you've

seen enough price action to trust.

Yeah.

It's going to move around a little bit.

I'm not going to be too concerned
about it, but I know where the

thresholds are for me to consider.

Do I really want to
still be in this trade?

And I've just outlined that here.

Well, Hey, I'm sure you're going to
have all kinds of analogies outside

of the painter or the sniper analogies
used in price over the next couple of.

Uh, equities are getting ready to open
up in about 18 minutes or so 17 minutes.

All right.

We're making a run for the liquidity here.

Let's see this.

Hopefully expand aggressively down,
eat this entire down candle up.

That means there would be no buying there.

Yeah.

Once we break below the middle point
of this, it's going to be a lock.

It's going to want to reach
for the staffs below the lows.

That's what we're looking
for so far, dollar on the

left is supporting that idea.

Dollar CAD supporting the idea.

Cat's just, I mean, I'm sorry.

Cable, SIS pen and home still
in this order block, which

is not what you want to see.

You want to see everything in
agreement, big expansion on

dollar front CAD, no words, sorry.

Dollar fronted, uh, currencies like
dollar CAD, dollar Swiss, uh, dollar yen.

Uh, they should be all expanding on
the upside with the dollar index and

that will free up range expansion
on the downside on your pound

dollar short, like, uh, showing you.

Don't want to see anything
give up on this range.

Don't want to see anything over here.

Uh, give up and start losing some ground,
because that means that they're cut.

They're capitalizing this order block,
and that's not what we want to see.

We want to see it erode this
entire down candle and run for

the stops below these lows.

Um, I'm not sure what you just asked.

What is the latest before
I collapse the trade?

Where does that mean?

If it gets above this level right here?

I think it's about 1 30, 2 0 6.

I'm taking the stop off and collapsing
the trade with whatever that is

in terms of, uh, uh, um, a loss

and then walk into the sidelines and
this watch and the rest of the day.

because I want to keep the idea that
even though it could come up here and

expand in here, I don't want the mental
capital spended expend on worrying

about if it's gonna hit my stop.

See, I'm not worried about my
stock getting hit right now.

I'm only worried about this price.

Have the willingness to drive
where I want it to that's all trade

management, it's all psychology.

It's all.

I'm not worried about
losing money right now.

Not because I'm in a demo account,
but because I'm actually have more

on the line because I'm actually
doing it in front of 700 people.

So it's not the money that I'm,
uh, I'm concerned about losing.

It's the fact that I don't want to give
you an impression of infallibility and

I'm showing you how I really do it.

And by keeping the stop-loss in a
realistic level, It's justified in

terms of the risk it's justified
and in terms of the price action.

And it's also keeping it outside
the scope of immediate concern.

You don't want to spend your time worrying
about your stop-loss thinking about it.

I don't care if you have ultra ultra
ultra low risk, and you're using really,

really tight stuff, less than 10 pips,
even 10 PIP stocks, I think is ridiculous.

If you're using these ultra tight stuff,
I guarantee you, I guarantee you, your

rear end is puckering all the entire time
while you're in that trade until it moves

considerably away from your entry, because
you're so close to getting stopped out.

You're worrying, you're spending
all kinds of mental capital on that.

I'm not worried about anything
where I place my stop loss.

I know I'm so far away, I'm in a different
neighborhood in terms of worrying.

I'm not worried about it.

I'm more focused on where
the price is driving.

Say, my focus is down.

I'm worried about whether it's going
to consume this order block here.

I'm not worried about it coming all
the way up here to hit that stop.

There's a big advantage of having that
in your, in your mindset as your trader,

because if you're so worried about and
concerned about, I hope if it doesn't

hit my stop and your stops too close,
or you're over leveraging, that has a

great deal to do with how you are going
to be positively consistent, profitable.

Long-term your longevity is going to
be defined by that because if you're

concerned about losing money or getting
your stop-loss hit, and it has to

be so close, you're doing it wrong.

You're worried about the money.

And I'm worried about the process
of where the market is most

likely going to seek liquidity.

And it's going to be most likely in
the realm of reaching below these lows.

My focus is allowing me the freedom
to be down here, focused here and not

worry about if it goes against me.

I have room to think
about if it starts to be.

Contrast after I had an ultra short term
stock rate at break even, or even trailed

it down so it could come back here at
any time with the spread, just tag me

out and then run below and hit my stop.

I mean, hit my limit orders.

If there is a, there's an
economy that you need to apply

when you're managing your risk.

Okay.

You need to have an ability to have your
stop loss and it location where you're

not so overly concerned about being fit.

It has to be enough room to, to allow
you freedom, to think objectives about

price, not worrying about losing money.

That's going to be a big, big
barrier to your development

and your longevity as a trader.

If you're concerned about that money,
if you're concerned about the money

again, guys, please don't don't tweet
anything to me or have me in your

tweets because it's going to come on
the screen and it blocks the sharing.

So the main thing is, is I want
you to understand that I'm not

trying to prove ultra short-term
and ultra tight stop losses.

That that's not what we're teaching here.

I'm teaching you sound trading,
uh, sound trade management.

Um, in October, you're gonna learn
a great deal about good grief, man,

stop texting or tweeting Timmy, please.

It's causing the display.

I got to turn those notifications off.

The, uh, the main thing is you have
your stop-loss on, uh, you got to get

it some room and just assume some risks.

There's nothing wrong with that.

I mean, that's this
business, it's all risk.

There's no, there's no point
at which there is zero risk

until you're on the side.

And some of you, I would actually
argue and say that's risky because

you're missing opportunities.

So here we are 10 minutes
before equities opening.

Um, I promised I would talk about the
equities and what may be unfolding.

Uh we're in September.

Okay.

Um, we are in a time period where
August, end of September, we usually

see equities slide in, uh, go lower.

Um, the other day we had like a 200 some
point, uh, decline or whatever it was.

I'm not even sure what it was.

I wasn't really watching it closely.

Um, everybody got panicked and,
uh, the ma the very next day

ward backup, didn't complete the
entire down candle or downrange.

It lost ground on, uh, relative
to, uh, S and P NASDAQ and the Dow.

But, uh, everybody got real excited and
especially all the goobers that, uh, um,

spend too much time on Twitter, throwing
rocks, they got all excited thinking.

Yeah.

You know, uh, the doom and gloomers,
you know, here we are, we're getting,

you know, the equities high again.

Okay.

There it's Warren back.

And then yesterday we got white.

You wiped out again.

Um, I think we're going lower.

Um, I think we're going to trade,
uh, considerably lower and I would

have rather, it seen it make a more
stronger attempt to move higher

before it started dropping down.

But, uh, I just think that we're,
we're in the position to look for a

lot more decline going into October.

And when we get closer to the
elections and the U S it gets worse.

um, well, we still have time.

We've got about 38 minutes.

What is that?

38 minutes, 38 minutes before 10
o'clock in the morning, New York time.

As soon as we approach 10 o'clock
in the morning in New York time.

Okay.

New.

We want to be looking for reasons
to scale out of our positions.

Really tight to stop up then.

Okay.

Until we get around quarter of
10, I'm not really concerned

about trailing stop losses.

I'm more concerned about taking
profits off the table and not

worrying about stop losses.

I'm not worrying about that.

The stop is your safety net.

That is your stop.

Loss is not your profitable.

And that's what I'm trying
to communicate to you.

Everyone's looking at trying to
have an ultra short, tight stop-loss

when it's, when it's like that.

When, when you're using that, what
you're asking the market to do is get me

out at a less favorable position exit,
give me a less favorable price level.

That's what you're doing.

See when I have a stock away and keep
it at a catastrophic level where it's

protecting me from needless exposure to
more risks than I'm willing to assume

I'm in the driver's seat of exiting
at a more economical limitation for a

profit taking I'm in control of that.

Once you place your stop loss, real type
you've given control to the marketplace

to get you out at a less favorable exit.

Do you understand what I'm saying?

You need to be in the driver's
seat of your exits when it

comes to taking profits.

I don't want my stop-loss
being used for my profit.

That's only in the capacity of protecting
me from needless overexposure to risk.

So it's important that you allow that
stop loss some distance from your entry.

Don't worry about that
stuff it's doing do its job.

If it's going to be an adverse reaction in
the marketplace, your driver's seat, okay.

Role in the, in the role
of driving your trade.

In other words, from entry to exit,
that's completely integral to you.

You have to know where to take
profits at, and you need to do that

when price is moving in your favor,
not when it's retracing against you

and a stop loss is going to take
you out in a less favorable exit.

As many times, you'll see that
you've seen it before many times.

I'm sure you're in a trade.

You're trailing your stop loss
too tight because you don't want

to lose money instead of just
focusing on where should I be?

Where should I get him?

Where should I be getting paid?

Where should I be taking
some partial profits?

Right.

There's a lot of people out
there that pretend they know

what they're talking about.

They pretend to know what,
how the markets operates.

Well, what they're doing in their own
trading, it doesn't make a difference.

I'm not teaching you how
I trade I'm teaching.

You have a market book.

If you know that you'll know how
to trade profitably, and you need

to know that keeping your stop-loss
away from your entry is economical.

It's the right thing to do.

The stop is a catastrophic safety net.

That's all.

It's there for.

You're managing the exits with
profit, with targets, limits,

scaling out that's your job.

And you're given the job to the market
to take you out in a less favorable exit,

a good risk to reward ratio five to one.

You can make money with three to one,
if you're really high, uh, and really

efficient with your trading, you can
make money with one-to-one, but you

gotta be really, really good to be.

Yeah.

This mentorship is aimed at
teaching you five to one.

All right.

Watch cable.

All those stops below that low.

They are hot.

Everything's like not right now.

Everybody that's long.

It had stopped right here.

You know what they're feeling right now?

You felt it before a man
is going to get my stuff.

Please don't hit my staff.

Remember that memory?

Remember when you sit there and you're
talking to God, God, please, please.

Just not, let me get
stopped out on this one.

I'll I'll do a better job.

I won't brush next time, please.

God, please.

Don't let it go for a little bit.

Well, please.

Alright.

Okay.

Just, you can get a little bit closer,
but please don't go up a little while

everybody becomes a Christian in this.

In a natural order of things, everyone
in the retail scope that would be short.

They're going to scream that they've
got to slam their stop-loss down real

tight to break even to trail on it.

Even tighter.

You don't want to do that.

You just were relaxed.

Keep your focus on where
the market should reach for.

Okay.

That's all worried about so far.

We're seeing a retracement one, a us CAD.

We have not seen any expansion or
even taken out this high on dollar.

So this is going to be a suspect run on
this liquidity unless we get favorable,

uh, continuation on upside on dollar.

And we erase this and
make this candle a wick.

So we want to see this
candle become a wick.

We want to see this candle become
bullish and take out these.

Then, and only then will we
expect exposure below this low

to reach for lower liquidity?

You know, what's go even deeper, lower.

Otherwise we may be just coming
down here to take these stops

and come back to equilibrium.

And that's the reason why we want to
take profits when it gets below here.

Not all profits when it tastes take some
off and while I'm talking, I probably

should have that thing up to do that.

Very thing

to take partial profits,
you go to instant execution.

I have two lots on I'm just
going to change it to one.

And then if I hit close, it's only
going to take one off and I'll leave 1

0 1 from the original entry price and
the stock will stay at original entry.

Uh, I'm sorry, at the end.

And at the.

Original location, nothing changes except
for the amount of positions that's born.

So we'll go from holding two lots
short to just one lot short and we'll

book a profit for that's demo, but
we would book a profit for whatever

that entry to exit price would be.

And I'm just looking for a
move just below these loads,

too many things on this chart now

but D the main thing I want you to
understand about stop-loss orders

is don't think you have to have
really, really, really tight stops.

That's not the secret sauce to everything.

Okay.

You're not going to get to the end of the
game by having really, really tight stops.

Don't only thing that does is
invite overleveraging and that's

really what you want to do.

You want to have really, really
tight stops taking a bigger position.

But really what you're doing is you're
compounding the concern and worry and

psychological effect of that tree.

You're putting way too much emphasis on
money instead of just saying, okay, I'm

willing to take a certain measure of risk.

I'm not worried about having
offers us tight stops.

I'm more focused on where
the market wants to go.

And I can have the freedom to allow
prices to gyri all around and not feel

the impulse of am I right or wrong?

Am I going to lose money or not?

Oh my gosh, I need to do this.

And I need to get, I'm
not worried about that.

I'm not worried about any of
that stuff I'm worried about.

Okay.

Where am I ultimately wrong?

Okay.

And I want to have to stop just
a little bit above that or below

that, and then build in some ideas.

And then it gives me a decision point
where I can say, well, if it gets

here and just fall short I'm okay.

I won't, I won't do anything with a
position, but if we go through this order

block here, which is the up candle prior
to the down move, if we do that, then I

got to take an inventory and say, okay,
is this a really good signal still?

Is this something that I would
still be wanting to be short?

Right.

And would I expect further breakdown
if it does that when you, when you have

freedom to do that and womb, you need
some range to be able to operate in.

I mean, if you have these really ultra
short stops, you have time on your side,

you have zero time to collapse that
if it's, if it's something that you

can collapse and save and think about
what you're doing, you're asking the

market to give you a set up that gives
you less than 10 pips on a stop and

national leverage with no time element.

That would be on your favor because 10
pips can be done in instantaneously.

You can happen no, no time at all.

You have no way of protecting
that full stop on 10 tips.

Does that make sense?

If you're listening to all this stuff and
it's over your head, it's because you have

not filled in the gaps of your learning
with the three tutorials series, that's

all my free members area on the website.

You have to, you have to study the
sniper series, the persistent trading

concepts and the market maker series.

Okay.

It's not a lot of content.

You can do it probably in the scope
of a week and a half comfortably.

And that'll bring up the speed about
everything I'm talking about here.

Again, if you're focusing on expecting
to know this stuff, the first time

you're in here, that's not realistic.

You're not going to, you're not
going to survive this mentorship.

If that's the expectations you have.

Okay.

So here we go.

So now we're going to
take one of them off.

So now I have one position,
one lot, still one.

Now I can lower the
stop to this level here.

Okay.

So now I have 12 pips at risk on
one lot, and I've booked a profit

with a stop run below these lows.

So now I'm in a position where I don't
care what the market's going to do.

I can let my, let myself relax.

If the market's going to
continue going lower, fine.

If it's going to come back fine.

We got 20 pips from London.

We got, I'm not sure
what I just took on now.

Um, at Trey will tech we'll check it.

We don't counter money when
the market's still rolling.

The last order of business
is down here at 62 picks.

Okay.

So now we're below these stops.

We really want to be focusing on a dollar.

Does it want to expand up, see these are
the things you don't really see me doing

when I was doing my sessions on YouTube.

I'm talking about the markets.

I actually am looking at these
other charts, but I can't go back

and forth on YouTube and reveal the
things you're actually learning here.

So all I'm doing is looking for a pair
outside or conversely or inversely

matter, uh, to the pair I'm trading.

So if I'm trading short cable, I
want to pick a pair that's inversely

related, which would be dollar CAD.

Okay.

And I'm gonna look at the dollar index and
I'm going to weigh out the strengths of

does the U S cab rally when it's overly.

I'm not focusing on sweaty and I
focused on dollar again, because

they are not primarily bullish this
pair with a dollar in front of it.

Okay.

This pair is strong.

So if the dollar is going to rally,
the strengths should be reflected

immensely in this pair, and it would
be the inverse relationship to what I

expect to see the weakness on the cable.

Does that make sense

to manage it, um, where it's like
on set and forget, and I'll teach

you all this stuff, but I'll
give you a real quick synopsis.

Uh, you would do two entries.

This is one way of doing it.

You can do two entries, individual
entries at, uh, two single lot

entries and you would put one of the
single lot limit orders below these.

And then you would have the other
remaining one down at a level.

It don't have to be this level.

I'm thinking this one because it's
before the, the, uh, the other area of

liquidity below where we are right now,
there's no saying that we're going to

get down to that level, but nonetheless,
uh, you would just put it in limit

work capacity and your stock would just
have to be where you initially set it.

And then you'd have to
be able to monitor that.

Get up in the morning, check New York.

You have.

If you're trading London, you have to
be able to get on your phone or get

on the computer at least once by eight
o'clock, between seven 30 and eight

o'clock you need to be able to look at
time and price at that time, because

it'll give you an opportunity at that
moment to reduce the stock or weigh out

whether or not it's still a good trade.

So if you can't do that,
then you can't trade.

I'm just telling you like it is,
I mean, you you're going to have

to be either watching it, right.

Or managing it at least by
looking at price between 7

30, 8 o'clock New York time.

Cause you have to, you can't escape the
time windows when these markets are moving

around and that's relative to the kill
zones or the, you know, the training

session, the liquidity is going to be,
um, concerned specific times of the day.

So it's, it's important that you know,
that you may not have free time in London.

You may not have free time in New York.

That means you're going to have to be in
Asia or, um, Australian Kiwi or Japanese

and trader in north American Asian time.

And you access.

What's going to have to happen
that, or you're going to have to

live on the higher timeframes.

What's is nothing wrong with that.

I mean, it's just going
to be a lot less trading.

Um, and it's going to be a lot slower
and it takes a long time for daily

charts to make their swings on.

But for some of you that might be perfect.

All right.

So it is 9 37.

You got about, uh, well, yeah, seven
minutes enter the equities open.

Hm.

I hate these kind of days though.

I really, I load these kind of days
because it takes so much energy,

so much energy to, to expand on
just a little bit of movement.

I mean, it's gratifying because
I'm able to explain it to you.

And in terms where you understand.

What you should expect to see
and then watching it unfold.

How much time have we spent?

Literally seriously, think about
how much time we spent just today.

It's a lot of time, right?

So you're not always going to get
these big expansion moves daily ranges

that are one side of the market where
it's easy, where it happens in a

flash and inside of an hour and a half
in London, or, you know, 45 minutes

in New York, you get everything you
were expecting to see in the run.

They're not always like
that every single day.

And this is what you're going
to have to contend with.

I'm not going to repeat some of
these things you guys are saying.

But we're going to, uh, I'm going
to collapse this here because this

is a really, really long session.

And I got to go through and edit it.

And cause there's a lot of
time where there's no talking.

So I'll speed.

Those sections up our manager, this,
um, dispositions through Twitter.

Uh, we're going to watch and see if
there's any further effects at 10 30

when the crude oil inventories come out.

And, uh, we'll see what we see.

Uh, we've already booked a profit
on London and New York were paid

or paid we're in a position.

Now we can just wait and we want to
wait and see if there's going to come

down here and expand down to, uh,
right now the limit order I have for

profit, uh, puts me at 62 pips on
the second half of the position or

the single lot remaining basically.

And, uh, that comes in form of.

I don't know what the hell it is.

I can't see without
pulling everything else.

31 32.

So I have a have limit at 31 32,
which actually I might round to 31 35.

I I'm like being at the two level.

All right.

So there you go.

There's my mind limit is, and
if it gets down there, great.

If it comes back and stops me out fine.

I ain't worried about it.

I'm already paid.

Um, and I can go about my day and
do whatever I want to do, and I'm

going to the cheesecake factory.

So I got resupply and I will
catch you munchkins later on.

Okay.

In closing before I close this
out, you guys learning anything.

Are you learning?

Even in slow market, you
can pull out some stuff.

Very good.

Just want to make sure
you guys get into value.

I will catch up with you.

Uh, there'll be a recap posted by 3:30 PM.

This this afternoon,
my time, New York time.

And then, uh, we'll see what the
economic calendar gives that I haven't

looked at for tomorrow yet, but, uh,
we'll determine whether we're gonna

be doing anything in London again,
or if we'll wait for New York, so

have yourself a pleasant afternoon.

If you had any questions in here,
I'm saving them all right now.

So I will be able to go back and
fill them in on a weekly round up.

And I will bet you a do folks.

Thank you.

Good luck and good trading.