All language subtitles for newyork_090916_usdcad EN

af Afrikaans
ak Akan
sq Albanian
am Amharic
hy Armenian
az Azerbaijani
eu Basque
be Belarusian
bem Bemba
bn Bengali
bh Bihari
bs Bosnian
br Breton
bg Bulgarian
km Cambodian
ca Catalan
ceb Cebuano
chr Cherokee
ny Chichewa
zh-CN Chinese (Simplified)
zh-TW Chinese (Traditional)
co Corsican
hr Croatian
cs Czech
da Danish
nl Dutch
en English
eo Esperanto
et Estonian
ee Ewe
fo Faroese
tl Filipino
fi Finnish
fr French
fy Frisian
gaa Ga
gl Galician
ka Georgian
de German
el Greek
gn Guarani
gu Gujarati
ht Haitian Creole
ha Hausa
haw Hawaiian
iw Hebrew
hi Hindi
hmn Hmong
hu Hungarian
is Icelandic
ig Igbo
id Indonesian
ia Interlingua
ga Irish
it Italian
ja Japanese
jw Javanese
kn Kannada
kk Kazakh
rw Kinyarwanda
rn Kirundi
kg Kongo
ko Korean
kri Krio (Sierra Leone)
ku Kurdish
ckb Kurdish (Soranรฎ)
ky Kyrgyz
lo Laothian
la Latin
lv Latvian
ln Lingala
lt Lithuanian
loz Lozi
lg Luganda
ach Luo
lb Luxembourgish
mk Macedonian
mg Malagasy
ms Malay
ml Malayalam
mt Maltese
mi Maori
mr Marathi
mfe Mauritian Creole
mo Moldavian
mn Mongolian
my Myanmar (Burmese)
sr-ME Montenegrin
ne Nepali
pcm Nigerian Pidgin
nso Northern Sotho
no Norwegian
nn Norwegian (Nynorsk)
oc Occitan
or Oriya
om Oromo
ps Pashto
fa Persian
pl Polish
pt-BR Portuguese (Brazil)
pt Portuguese (Portugal)
pa Punjabi
qu Quechua
ro Romanian
rm Romansh
nyn Runyakitara
ru Russian
sm Samoan
gd Scots Gaelic
sr Serbian
sh Serbo-Croatian
st Sesotho
tn Setswana
crs Seychellois Creole
sn Shona
sd Sindhi
si Sinhalese
sk Slovak
sl Slovenian
so Somali
es Spanish
es-419 Spanish (Latin American)
su Sundanese
sw Swahili
sv Swedish
tg Tajik
ta Tamil
tt Tatar
te Telugu
th Thai
ti Tigrinya
to Tonga
lua Tshiluba
tum Tumbuka
tr Turkish
tk Turkmen
tw Twi
ug Uighur
uk Ukrainian
ur Urdu
uz Uzbek
vi Vietnamese
cy Welsh
wo Wolof
xh Xhosa
yi Yiddish
yo Yoruba
zu Zulu

Original subtitles

Good morning folks.

How are you?

Okay.

Obviously today we have.

Canadian employment and employment rate at eight 30 couple minutes from

now, we do have some issues with the FLMC, um, speaking in your Euro group

meetings, which has caused some concern for the, uh, the London session.

Um, it was rather muted.

The four 30, I was waiting for a little bit more movement based on

the, uh, the goods trade bounds.

And, uh, not so much the construction or consumer as gave you some levels

to watch in case we hit those last night, uh, nothing really

came to fruition off of that.

So our focus really is going to just be on Canadian dollar and the effects

of the release at eight 30 massage.

Well, we'll study the manipulation that takes place in that pair.

Let's go over to and we won't be here long.

It'll be a short session today.

Um, let's see here.

Alright.

I think we're gonna probably depend upon what we see.

With this level and here, I'm going to get this struck up here maybe,

or blocked this sitting right here.

Okay.

And I think we're at least going to try to go down and hit it.

Um, I personally think we're going to go through it is much as I

don't want to be a seller of cable.

Um, I think we're probably gonna.

Run through this order block.

Um, I don't know if we're going to have enough steam to

get through this over here.

I think we'll probably come down here and stab through that.

Um, I've got a couple more minutes.

I can look at cat in a second.

The, uh, Euro ran the stats we were referring to the

other day, a small little.

Moving up.

I think we're probably going to much in the same way with the cable.

We're probably going to want to look to close in that range.

And the reason why I'm thinking that is the dollar has its liquidity void up here.

And we'll probably see that when I close closing.

So forget the Wicker over here.

We could see it run is.

Low is this on the upside rather than me fix it

so we could see it run to 95 50.

And if it wants to go a little bit more, it can come up into, okay.

95 67, 9 5 59, 5 6.

Dollar.

If we get any kind of movement this morning on the heels of the

Canadian unemployment numbers

Aussie,

now that, uh, 77 25 liquidity makes a whole lot more sense now, doesn't it.

So we'll be teaching, um, with this model here in one of your session, uh,

teachings for September to have a whole lot of information about this and why

it did what it did here and New Zealand dollar also, um, trading software as well,

coming down here, closing it.

It's.

All the way down here.

So whenever you see these exposed areas like that, just think

of that as the market is going to want to come back to that.

Eventually it doesn't have to happen right away, but eventually they'll

want, they'll want to come back and close those types of events.

And so take a look at CAD,

right?

So we have all our notations from the other day, we're

going to remove all this now.

Okay.

About five minutes until the numbers release.

Again, we don't care what the numbers are.

I don't care what the, the actual, uh, determination is or

what their expectations were.

Dovish, bearish, or bullish bearish for the currency.

That doesn't matter to me.

I'm just looking for the volatility that comes after.

The numbers hit the market, and then I'm going to see where the

markets run for the liquidity.

And that determine if there's an opportunity or not.

So what I'm looking at here is, uh, we have to two candles here

prior to the down move here.

Now you can refine it into this level here, but initially I'm

going to watch and see what we see.

When we hit this, uh, 1 30, 15 level, should we hit it at all?

Really?

But, uh, I think that we're going to probably snap up there on the

release and then maybe we'll see some kind of a pull back for our

small little bearish water block right in here, which you probably

noticed on the daily, in here as well.

I'm going to pull it up and refine it.

So we have this level of the watch.

And when your sister tiny little bit of a, uh, wick, like it is here, I'll use the

low, but if it's a little bit more of a WIC and there's a lot of body, I'll go to

the body, you'll get rules about that too.

What I'm thinking when I look at individual conditions, And

more importantly, we had the range all the way up here.

Um, remember what is this?

What's this right here.

Oh, this little area right in here.

What is this

exactly?

Liquidity void.

So that means current price actions down here.

Okay.

So will this want to draw a price up into these lines?

Exactly.

Very good.

Now it doesn't happen right away.

Don't think that has to happen.

Right.

When you're sitting in front of the charts, you have

to have things to line up,

to support the idea.

It's going to run there during the session you're watching, but ultimately

these levels like to get filled in.

Like we see here, this one here was a nice run-up.

I haven't heard about this one.

And then we get to focus.

So all this quick run-up here.

Okay.

Got it.

Filled in

over here.

So while it ran up, it ultimately came down and filled all that in

and look how much time is spent, filling that in all these wicks and

by he spent a lot of time filling all this and that same thing occurs.

Um, So we have that range to consider up here.

So we'll be watching that and I don't always have those the chart sometimes.

And I'll probably forget while we're doing certain examples, uh, over the

next couple of months, but when I'm referring to avoid, uh, outside, I'm

looking at, I'm looking at how the market will look to seek the liquidity within

those, uh, two price levels, defining the range or the liquidity void here.

And I said, we're a minute away from the world.

That's a good answer at 15 minute timeframe.

Okay.

Let's go with 30 minutes.

Yeah, it's much better.

Uh, excuse me.

A little bit of movement or blocking here.

We have small little Boyd in here so we could watch for, if

it drops down on the numbers,

if it comes down to here, it might hit that.

And we'll see if there's a reaction there and then run to one of these roadblocks

or it runs up to the first one here.

You want to see if they wants to expand and look right here on the right.

The reason why I picked this chart here.

It's much more defined as a gap right in there, right up here.

So you want to focus there.

Okay.

Right in here, that's an exposed little area right there.

And you, you, you draw that out in time.

As you look at the chart, you don't want to clutter up, have too many things on.

You want to keep your charts real clean.

If we get a run up in, uh, in space.

I'm going to watch that level with 30, 30, 70

so far lackluster, not much movement.

Let's take a look.

Now it still supports a run on this range in here.

Yours is falling cable softer CAD still looks like it wants to push through

well, I'm taking you through on a daily basis.

Is that the build your experience?

Level with understanding what the market will want to seek.

And because of repetition, you'll see these things unfolding in

your own mind before they happen.

And you'll, you'll find yourself agreeing and sometimes not agreeing

with what I expect in the marketplace, but your experience level, knowing what

to look for or what makes, um, a level or a set-up of any interest that comes

by experience being in the charts.

So I'm forcing you.

To do the very thing that you've probably been avoiding doing since he

first introduced yourself to my work.

Okay.

We should see expansion in here.

Now that means that the rain should get.

has anyone been keeping tabs on how many pips?

The, uh, the liquidity studies have been producing.

They're not buys and sells now.

They're this ranges where we anticipated.

Exactly.

So that's what I'm trying to tell you.

It's not, it's very fruitful to do this

and after she should be doing as well every day when you're practicing and

you're, and you're looking for runs on liquidity, that means we're running to

order blocks, running where the stops are, are closing and ranges back to fair value.

When you're doing these studies, you're going to log how much

of movement was available.

And what timeframe you were monitoring and what the idea was framed on.

What timeframe was that?

Was it a daily set up?

Was it a four hour, one hour or was it in a small session timeframe like

a 15 minute timeframe or five minutes?

They would be really limited just to scope of trading a specific kills

there, like a little London open kill zone or a New York kill zone.

No think about all that open space right in here.

Very little trading is happening in here, but now combine that with all

this back and forth type of action.

Think of it, like, uh, how many of you ever painted your own house?

Like say, say you took a paint brush and you, and you painted your

own bedroom or your living room or something like that, or you ever

paint something inside your house.

So when you get the paintbrush inside the paint and you start stroking across

the wall and you're coding the wall with the paint over time, unless you

put more paint on the brush, there'll be spaces where the paint didn't really.

And you gonna have to come back there and paint that over again.

That's what a liquidity bullet is essentially.

It's how I teach it to my kids.

So when we're painting over here with price, this area in here

leaves like a little space where it needs to be recovered and that's

really all this is going to do.

It's what I want to come up there and close all that in because there

was nothing, there was not efficient price movement in here into delivery.

Wasn't efficient.

So if we get expansion, the first thing we're going to be

looking for as a price action.

Is, we want to see if it has the willingness to get up there.

Now it's Friday.

It's a little bit of a range.

It's about a hundred pit run.

And to me personally, I, would've rather seen a take take off a lot

faster than it has here, but know, it's still could just creep up there as we

get through each one of these older blocks and in levels we defined, I

really liked the fact that we support.

And recapitalize the, uh, the buying in here on this order block

here, that the down candle, right.

For this move up in here, I liked that we were seeing more buying in

there and they've expanded the range.

So we were well ahead of yesterday's high.

And we took out what looks like, uh, the Mo uh, yeah, the weekly high.

So we've created a new, weekly, high.

So, and we in the one 30 big figure.

So we have every reason to allow price or less expect or anticipate price to expand.

Okay.

Because we've taken out any near term barrier with the weekly

high, the previous day's highs.

We've had a nice little double, bottom type thing in here, but

it came by way of a region.

Which is really strong.

We watched this, uh, occur, live, outlined it before it happened.

And it was really, really nice.

And we saw last night in the video that I put on the forum returned

back to the breaker here, they invert a devil to an inversion level.

So what they use to sell off the market to run the staffs, blow it.

They've mitigated that.

So if they're in a hurry to mitigate that, that is indicative of what

lower prices, if they're covering.

Or higher prices.

And that's what you're seeing here in price.

Now, as you spend more days with me, uh, as the weeks go by, you're

going to learn the, the design or you're having right now as a new

person coming in or a new trailer.

The impulses as you want to give me bicycles, give me cell signals, give me

in giving out, and that's not going to help you as much as you think it will.

It won't.

Um, you want to be able to understand why the setup's there and you need

to start by understanding where the market's wanting to be going.

First.

Everybody has to contend with where the current market price.

But not all of us spend that much time trying to figure out where it wants to go.

We're too focused on, give me the, by giving this out.

Where's the reasons for those signals that even be there, there's no

framework or context around that.

You're just chasing price and you're creating scenarios in your mind

that may or may not even be there.

There will be opportunities.

Galore are lots of opportunities coming, but I have to give you a founder.

To understand what it is that we look for that frames, the setups,

because there's going to be, there's going to be times when we will be

invariably trading with either.

Okay.

I'll just give you a heads up.

There are high resistance liquidity runs, and then there

are low resistance liquidity.

And I'm going to have, you all do exercises where we actually buy or

sell in both of those conditions.

And I'm going to outline what that is before we do it.

It's not like a trick question I say, okay, we're going to buy here.

And if it doesn't pan out, well, that was, that was just, uh, just to see

if you thought it was going to work.

That's not what we're doing.

I'm going to outline a model for high resistance liquidity runs,

and then you'll learn what that is.

I'm not teaching here today and you'll have a teaching on low resistance.

Liquid liquidity runs.

There's a distinction between the two and you need to know what those

distinctions are in the only way you learn it is by getting in there and

doing the trades in those environments.

And by exposing yourself to that, you're going to see not all bicycles.

As strong or as effective or explosive, snappy, real punchy,

real entry, uh, sensitive where ginger union, it takes off.

That's what we're aiming for.

We don't want to get in a trade and this is hang around for a

little while and we got to wait and decide if we want to hold on to it.

If we're waiting to figure out if we want to go into the trades, I'm already

getting out of the trade either.

I'm getting in the trade and I'm seeing feedback almost immediate.

Or I'm getting out of the trade.

That's as simple as that.

And you're going to learn, there's a distinction between low resistance

liquidity runs, which is where we trade for high probability.

Contrast it with high resistance liquidity runs, which is sometimes

they look like they're really good setups, but as soon as you get em,

it gives all kinds of indications.

It's not going to be there.

Here's my, here's my concern.

If I go right in there and start doing this right now, without any understanding

for you as a viewer or a student, say you come into the webinar five minutes late.

Okay.

And it's a live session.

You hear me say, okay, we're buying here and we're going to look for this.

What are you going to do?

You're going to over leverage your account because it's me saying I'm buying it.

Okay.

And it may be a high resistance liquid, or they run that we're actually practicing.

You're going to walk away with my Anna says I lost on this

trade or it didn't work out.

Like you said, it was, and you missed the whole context of the discussion.

So that's why it's important for you to understand.

When I talk about a setup before I actually go into entries, I'm

going to define it in terms of it's either high probability or it's

medium, it's medium probability.

And then it's absolutely low embarrass, low probability.

There is benefit to trading low probability status as you're learning,

because you want to be able to see.

The distinctions between what makes it a high probability and low probability?

It's not enough to saying, okay, this is high probability.

And only look for that.

You need to know what it looks like and feels like to be in a mood that's low

probability or what looks high probability because all of them, aren't all high

probability, a hundred percent winners.

They can start as a context or framework around the trade.

It looks strong and solid, but it D.

And if you don't pay attention to these telltale signs, your Mary,

the vein, which means you're holding onto the trade and you're praying

and hope, and you're a Christian now.

So all of a sudden you're praying, the guy helped me get this trait pan out.

Now you don't even need, you don't need to do that.

Just stop claps the trade and move to the sidelines and wait for a new setup.

But you can't learn that without having some foundation of

what it is that we, we hunt.

So yes, there will be opportunities for you to flourish.

As a trader let's just put it that way.

I'm not going to use the term you use Tony.

Okay.

Let's take a real quick peek over it.

Cat.

And I'm sorry, cable, cable, still sideways.

Fiber's fallen out of bed.

You want to watch this area right here?

Now you're a pound.

Hm.

Uh, I would have rather come up there a little bit more to hit that it would

hit the bear shorter block there.

That would have been another better for me.

Yeah.

It just fell short.

So that would not be something I'd be looking to get into.

Uh, yes, kids.

So, so far we've had a high of 1 35 just fell back below the one 30 big figure.

Doesn't mean can't run it and expand more.

And sometimes it'll just peak its head about the big thing.

Give a, like a red herring feeling like it wants to reverse.

It can, but generally when it runs into a big figure, it always

have a little bit of retracement and then just explode through it.

If it's bullish, it should just start running through it.

Shouldn't go back down below 1 29, 80 for short, if it does that.

And we got to consider it as a unlikely condition for it

to get up here and close it.

Okay.

It's Tuesday.

That's avoid Sebastian.

Yeah, that's avoid, we mentioned that earlier.

Uh, um, when we were talking about what, uh, What was he, what was I looking at?

Oh, the cat.

We were talking about this being a liquidity void.

Um, we were talking about the dollar having a liquidity void in here.

And again, just thinking like when you're painting your house and you, and you're,

you're applying the paint brush to the wall eventually when you run out of paint.

Okay.

It creates these little pockets of space that needs to be repainted over.

Just think of these big, long runs down or, uh, runs up.

Like I did here.

Perfect.

Example of it.

Price moves real quick down and moves below these lows.

All of this has got to be covered back in and it does it right there.

It goes right back up and closes it at the bottom of these candles.

And then it goes down.

So you gotta be thinking,

well, that was that's where I outlined on the, um, the charts CV.

Uh, he's asking why wouldn't we expect us to, I would've

liked to seen a trade down here.

But because of the discussions that's going on in the Euro, um, in FMC, uh,

talking, it may, it could break down later on the day, but that's what I'd

like to, I'd like to see that happen.

And I would like to see this formation here.

This looks like a rather long extended cell model and we're probably at

a, uh, a redistribution point.

Yeah.

And they'll come back now, take us back into the consolidation over here.

Um, I'm honestly, like I've already said this cable has

been my best friend for you.

It's been my buddy and Brexit has really cooled my jets with it.

I just don't.

I just don't trust it.

I don't trust the, uh, the order flow in it.

It's not clean.

It's, it's very erratic right now.

And I don't know, you know, I don't know what to make of it

personally, so, and I'm wearing my weakness on my sleeve with you all.

And I've done this openly.

I think I did want it to be.

Um, and in the public arena before we went to a premium, um, group, that cable has

me a little perplexed right now, which is forcing me to go into other payers, which

is fine because it's really good for you.

As a, as a student, you're actually learning that it's not just, you

know, London, open, kill zone, fiber and cable stuff that I trade.

I think that all of the sports will basically be closed in now we're going

back to one 30 big figure on cat.

Okay.

And if we get back above 100, Big figure.

We don't want to see it lose 1 29 90, preferably.

We don't want to see it.

Go back below one 30 if it expands and makes a new hire high today.

And today's high so far is 1 30, 0 5.

So if we get back at one over 1 30, 0 5, and we expand, say it

takes out the next 10 round level, uh, in other words, 1 30 10.

If we get back above that level, we don't want to see one 30 give up.

We want to see it stable.

If it shows a willingness to want to get back, but below it, that's not good.

And then they're probably going to look to close in this void here.

So high impact news should propel price with strength, with

quickness and a willingness to get to some known price level.

What does that known price level it's going to be ordered?

Above or below the current market action.

And again, that's why I'm saying it could be both sides.

I don't care what the report is.

I should already have an expectation where the market is looking to go.

And we didn't talk about down here stuff.

We were, we're looking primarily up in here and the reasons why it was,

this is an area where it's been very inefficient in terms of delivering.

So the, the offering of pricing here wasn't as efficient as it was like

in something like this, where it's spends a lot of back and forth time.

All these price levels have a lot of opportunity to be traded at.

It spends a great deal of time having hauling back and forth, back and forth.

Okay.

Anyone lose the audio?

Okay.

Yeah, it just might be you Mike.

okay, so we're over one 30 again.

So we want to be monitoring, keeping an eye on that since now we're in one 30.

Okay.

The algo should want to expand.

Okay.

And squeeze on anybody that is short.

And once the run starts happening, it should, it should expand and speed up.

Magnitude, excuse me.

If it doesn't, then all we did was priced in the high of the week

and we'll trade off and settle down below the lows here though.

What's that

1 29 40.

So we don't, we certainly don't want to see the cat lose that because.

If we break down here that leaves this void for a much longer

term set up, which is not good.

We went, as we're getting approaching closer and closer to this, it gets

so much more high probability.

It's going to run for this, the clothes that in,

um, the question is, is, would I be less confident about it?

If the dollar didn't have that same voice as well?

It's a dollar based payer.

So it's going to have in some ways, very similar price action.

If there's a lot of drop in here, you know, we're going to see similar

effects in the dollar as well.

So it's gonna, it's already going to be built in, which is the

reason why these conditions repeat themselves because it's very generic.

But not generic in the sense that it's retail minded, it's generic and the

scope that that's how price is delivered.

So it needs to go back up here and close all that in

I've referenced.

The question is, is, do I look at oil when I'm looking at Canadian valley?

I look at it when it's a little bit more stronger.

Let me, let me rephrase that.

I look at oil when it's a setup it's based on a short term or swing, right?

Uh, mentality.

These are all day trading models.

And some of the folks that I've, I've had a guy quit yesterday because

he's like, look, I can't day trade.

I need, I need the longer-term stuff.

And I told him, I said, we're going to be covering all that.

But the reason why I'm teaching in the scope of intraday is because

intraday gives us immediate feedback.

It gives us a lot of price action from beginning to end.

It gives me context.

It gives me a framework that.

And if I took the reference of time, in other words, if you couldn't see, this

was a 30 minute chart, and I didn't tell you this as U S CAD, you wouldn't, unless

you were really paying attention to the Canadian dollar, you wouldn't know if this

was a 30 minute chart, five minute chart, or one minute chart or a monthly chart.

You wouldn't know, unless you had already been paying attention to

what you know with the pair is so.

My point in, this is the teach you number one, price action is universal.

So the myopic new students that are coming in, and I don't mean that to be

high and lofty looking down on anybody.

It's just the truth.

I had the same cynical view as well.

Yeah.

I was very suspect of Larry Williams when he said he made a million

dollars in a year at $10,000.

And Dale, uh, found out that it was true.

I appreciate healthy skepticism.

And that's the reason why we're doing this on a daily basis, giving you

reasons to trust what I'm sharing.

Number two, prove that I know what I'm talking about and removing

all that uncertainty, because it's going to be a problem for you.

Believe me, some of you still are on the fence about whether

I can trade and that's normal.

That's fine.

You're not here to watch me trade you're here to learn how to trade yourself.

And you're going to learn it every single day, but you need.

Re released this desire that you have to have what you're wanting right

now, because you don't even know what you're about to learn over the scope

of 12 months, if you're going to.

And it just gives a testimony to what is the barriers for most traders is

no one goes into trading to be a good trader for a day or a week or one month.

Did you all sign up this star trading Forex just for 30 days when you

got involved, when you open up your first demo account, did you say

I'm only going to do this for 30.

Of course not.

I mean, you want to make a business out of this.

You want to, you want to trade, you want to quit your job.

You want to have a passive income.

You wanna have a supplemental secondary income.

So when we go into a new learning experience, whether it be with me or

someone else, it doesn't have to be me.

Okay.

You guys can subscribe to whoever you want to put money behind.

It's fine.

But when you do this and that the, the outline is it's going to be a model that's

going to require your 12 months study.

I understand the interest of going in and seeing if it's worth it.

And that's why I'm spending the daily basis showing you

where the market's going to go.

You're all saying, give me the entry to get in there to trade that.

And I'm telling you, you're waiting for that because that's not going to help you.

And that's not changed from the free free material giving you entries in

excess is not helping, you know, Your argument is going to be well, it'll

help me pay for the cost of the course.

If you need that, you are in the wrong place, because if you can't afford

$150, you cannot afford to trade because you're going to lose $150 a lot.

When you're trading real money, you're going to lose that a lot.

It's going to happen.

So why the expansion, we just made a new high.

So now the Advil has all the room now to expand on the outside, watch the 10 level.

Okay.

So now we should not see it moved back below once.

Yeah, while you're learning this stuff and practicing, you want to

put little reference points, the, keep it in line because it's easy.

Sometimes get wrapped up in the price action when it starts moving and

forgetting all about what the things you're actually supposed to be studying.

okay.

So we want to see price stable.

Yeah, Andreas.

This is the reason why I'm telling everyone to follow along in the same

demo account, which is the Forex LTD.

So if you're not following along in the sessions, then you're, you're

going to distract yourself only focusing on this one, because it's

going to be the same delivery.

Yep.

I was getting to that pebble.

All right.

So now, since we already cleared out the weekly high, we made a new high.

Okay.

So we've expanded above Sunday's opening range for the week, and

that comes in the form of 1 29 99.

We went through the big figure 100.

Even now, this is the second pass through it.

And I'll give you an example of what that means.

We're looking at a five minute chart.

Here's that one 30 big figure level right here, that little short segment of time

or line rather I put on here, we punched through it here, made the high of 1 30 0 5

retrace a little bit, went back below it.

Now we expanded through it again.

If it's good, if it's going to be a run for higher prices, it will not need to

go back below that one 30 big figure.

To go back into the, or block year.

We don't want to see that.

We want to see it open itself up to higher prices right now, because

there's really no resistance here.

So if it's going to drop here, it's going to create a near-term resistance happen.

High probability conditions are once it's cleared it's near-term resistance.

It needs to expand and go higher.

We cannot allow it to go lower from here.

So if we are in a trade and we're not saying that we are, we're understanding

where the market's wanting to reach and what keeps that move, uh, likely to unfold

is by studying all these little mile markers it's price goes through them.

We have a new, uh, weekly, high we've cleared, a big figure, and just go

back out to the 30 minute chart.

Okay.

So we've expanded on the heels of a high impact news.

Yeah.

We have a lot of time still for today.

Okay.

We have a bear shorter block at 1 30 15 that we have to contend with.

So we have, we want to watch it drive right through that.

We don't want to see any kind of resistance area.

We don't want to see any kind of, well, let me, let me, let me hit that

and stay there for a little while.

We want to sh see strength to go through that.

If we see it run through that, then obviously we can just sit back and

wait, because it will fill in that void.

Then if it hits that level here, we've outlined and it starts to consolidate.

Okay.

Again, those things affect the probability of the trade because the longer it

spends time here, that battery life on the daily range, which closes and

turns off around noon in New York time, that makes the probabilities

for these ranges to close in, in the session you're trading less likely.

So that's the reason why we want to make sure it should not go back

below at one 30, if it does the probabilities for it to get back up

into here today, fall off precipitously.

Does that make sense?

My pleasure.

All right.

So anyway, my discussion earlier as we're watching price, the, uh, and this is

the other reason why I'm teaching in a demo, can I get a lot of questions on,

you know, why am I teaching a Democrat?

Why am I not doing live trading?

Number one, if I'm doing live trading, you're going to see me.

Um, information and I don't share that with anybody so too, because

there's no skin on the line with me talking it, uh, frees me up.

There's no actual money tied to any of the things.

So it gives me clarity.

It gives me.

Just the freedom to talk about it because I could not talk like

this with my real money at risk.

Cause I don't trade many, lots of micro lots and just one standard

lab I'm trading large size.

So I have, I have something at risk and I could not be able to focus talking

to you while I had money at risk.

So exactly.

I got to have the detachment from money just like anybody else.

I'm not exempt to that.

So when you're learning this, especially as a nuisance.

Okay, your expectation is this okay?

Well, you're teaching me, let me learn how to get entries and I'll pay for the

course as I'm, uh, I'll learn as I go.

Okay.

Um, you're going to do that by default, without me even saying that I'd never

put that in the sales pitch, but if we tell you on a deal, the basis

where the probabilities are for the market to go to, even in the free

work that I've already produced.

Yeah.

Enough right there to get you what you need.

And I'm not going to tell you what that, what I mean by that, you know exactly

what I'm referring to without having to say the words, but I want you to

spend at least a couple of weeks with me initially, just to see that there

is a continuity to the delivery of price that we will understand together.

I understand it independently.

Now you'll learn because you're spending time with me every single day.

Something that no one's ever had the opportunity to do with

me, they've only spent a week.

And this is what we did on a weekly basis, not this much talking, but I

gave them the ideas of where the market should go and we would watch it unfold.

They would ask questions.

They would do all the talking, but because I don't have that medium where

you can ask, well, you are asking me some of the questions don't really have any

basis to what we're speaking about here.

Some of them you're just giving comments.

And again, you're asking for where would I be buying here?

Where would be.

You need to settle down.

And if you, if you're requiring that, you're probably not in the right place.

And that's what we had yesterday.

A gentleman gave up the, the membership because he said this

isn't the right format for me.

And he just wasn't willing to wait.

So, and that's fine.

I don't want anybody in here.

There's going to be inpatient.

If you're going to be inpatient, just quit, just cancel the subscription

and you'll be, you'll be fine.

I'm not gonna be mad.

You know, I want you to get what you want, but you need to wait

for the delivery of what you want.

You don't even know what.

Trust is a neutral.

You have no idea what it is that you should be doing, but I do

know what you should be doing.

So if you're gonna, if you're gonna make me your mentor submit to that, because

I know honestly, what's best for you.

You don't know what's best for you.

You think you do, but you don't, you don't even know what you should know.

And that's very deep statement.

You don't know what you think you should.

You won't even know how can you relate that to, okay.

I'm not getting value.

So just, just think in terms of that every single day, we're sitting

down, we're sitting down in front of the charts and I'm teaching you

exactly what real Jade looks like.

Just like that young man in the parable.

You know, the man puts that, that at Greenstone in his hand.

Okay.

The whole time he was holding a real piece of Jade and the one moment where

he thought he wasn't learning anything.

The Jade master throw it the same with just the old regular bring rock.

And he says this and Jade, and suddenly he discovered all along.

He's been doing things that didn't make sense to him, sweeping the floor,

cleaning up after this guy, listening to rants that have nothing to do with

the actual chart that you're looking at.

But you're learning tons of stuff.

You have no idea what you're learning until you look at it.

And then you're you're, then you're exposed to seeing things over and over

again, and they don't make sense to you when you start looking at the charts, say,

this looks like that one time when ICT was talking about this or that happening.

And then all of a sudden you'll be able to refer back to experience

that you didn't realize you had.

Everybody's saying Miyagi and periodic kid.

If you could have saw everybody on the same time on the, uh, the questions.

A tablet.

I can only see that no one else can see it, but the, uh,

everybody's firing off Mr.

Miyagi and karate kid wax on wax off.

So anyway, that's, that's the reason why I'm teaching the way it is I'm teaching.

Um, because I want you to know that there is a lot of repetition to this stuff.

Yeah.

This looks like it wants to at least come down here and hit that 32 70.

Yeah.

Fiber is really soft.

Hit the stops already.

That's nice dollar still wants to expand up almost closing in this range as well.

Don't want to see it go back at one 30.

That's not what we want.

Okay.

All right, folks, I'm going to break this one here and leave you to study it.

The rest of the, uh, the morning, uh, follow along on Twitter to a

chart form, uh, only, but again, we want to watch that one 30 level.

Don't want to see it give up and we're aiming for this

little area right up in here.

If it gets to that, it might come up there and hit that, uh, 1 30, 85, but

at least try to get up into this range.

All right, folks, I will catch up with you later on through Twitter,

have yourself a very safe and pleasant weekend, and you'll get some more

information in the form of two teachings as well until I see you again.

Good luck.

Good trading.

Can't find what you're looking for?
Get subtitles in any language from opensubtitles.com, and translate them here.