All language subtitles for vid 15 EN

Uh, before I, well, I've
already started recording.

Um, yes, my son has improved.

Thank you for asking, uh, still not out
of the woods yet, but, uh, he's improved.

Thank you.

All right.

Today we have a pretty busy, uh,
economic calendar at eight 30 New York

time heavily linked to the dollar CAD.

So we will be monitoring
that this morning.

Can't promise we're going to have
anything with fireworks, but we'll

certainly try to do something with it.

I sent a link last night, um, showing
the run on stats on the dollar

and.

And again, if you're just popping in here,
I'm a little unorganized today because

of Twitter not being down that wasn't,
some of them have a panic because I knew

some of you are very demanding on me.

So as you should be because you're paying,
but the Twitter is down in my area.

So I couldn't tweet you the link
that was posted in the forum.

So I would have to come up
with a backup plan for that,

the dollar, put this back over here.

Okay.

So we had 98, 55 level on dollar index.

Uh, we swept through to 98,
55, a second pass through it.

So, um, and just to see if we're going to
see a little bit of rejection onwards, um,

we've cleared out the stops on the daily.

Let's maximize this to get to best view.

So we had stopped over here.

We were, we're monitoring
this for a while.

We finally got through it.

And again, this is second time
going through 90, 55 levels.

So we will be anticipating a potential
turtle soup scenario this morning.

I'm not saying it's the top of the day.

But we may be seeing, uh, the opportunity
for this to create a short-term high

and as it relates to CAD,

um, the question I just got was
why do I expect the turtles?

Uh, we've, we've stretched on a
daily chart here on the dollar all

the way up into this last old high.

Now, if I'm incorrect with the fact that,
um, it shows no willingness to come back

below the low, which is usually expected.

I mean, you can see it a little bit
of a retracement, and that's not

out of the ordinary for an uptrend
still to continue, but if we expand

further, we'd have to contend with
the middle of this up candle here.

So let's map that real quick
before we get our news release.

So 99 big figure 9, 9, 10.

If we get a run through because we
come all the way up here, all on

basically one, um, impulse swing with
two little tiny little retracements all

the up here to get to this old time.

Whenever you have daily chart like
that, it's not the ordinary to see

it, give you a little bit of a,
at least a tradable retracement.

And again, it's not that I'm
trying to call the high in dollar.

I'm just trying to note that
there's a potential given the

fact that we've came so far up one
side and don't want a daily chart.

And we've just recently probed
through the old high 98 55.

Uh, we pass through at once here,
came back past two it's a second time.

And to me, this should have
already expanded up to 98,

80 and still can happen.

But.

My thinking, going into the news release
in about one minute, we'll probably

see a potential breakdown near term.

Not again, not trying to call the
high, just watching a tradable bounce.

Now how that translates
for the dollar CAD.

Uh, we have a little bit
of a void down in here.

Okay.

Initial spike on the numbers.

Let me check on dollar real quick.

Okay, go over

the daily chart on dollar cab.

We have stops just above 1 30, 3 12.

So we have 1 30, 3 20.

We have 1 33 big figure next.

so far dollar slow going, still
holding above 98, 55, which is good.

1 33 big figure.

I would've liked to come down
and take out that love first.

That would have been
more, more convincing.

I didn't like the fact that
we come down just to this, and

then we're spreading our wings.

You could be just a run of 1 30, 3 big
figure or sweeping a daily high in here.

So that's another area you got to watch.

High comes in 33, 12
relative to the daily chart.

Big figure here while I had 33,
12 also in the chart over here.

Okay.

So there's two levels to watch there.

And again, um, it would have been
much nicer to see it come down below

the, well, here, before this run, now
I don't have anything to frame this

rally off, even went to news injection.

Um, The question is, is when I say
watch this level we're seeing, or,

well, actually what I'm saying is, uh,
monitoring it's willingness, number

one, the first reach to the level.

Okay.

And then once it hits the level,
once it's an immediate response.

In other words, if it gets to
1 33 big figure, say it hits 1,

3, 3, a big figure and rejects
immediately, it comes away hard.

Okay.

That to me, kind of like puts a damp
and, uh, uh, on the momentum for the

morning, especially if it comes back
all the way down here and close it

in this range, I don't like where
we're at relative to where it started.

It's run, which is again, why
I think it's a suspect rally.

It may be just reaching for the big
33 or the 33, 12 daily high over here.

And then we may get some
retracement on dollar cat.

And the reason why I'm thinking
that is because we didn't come

down and take out the low.

And there's really nothing down
here in my opinion, that gives us

a basis to see this response here.

If we cycle through the,

I guess it's a five minute block
on bull shorter block, but again, I

still would rather I've seen it with
the news coming out, stabbed the low,

that low, which would be typical.

Yeah.

And dollars not showing any willingness
to want to go higher all of a sudden.

And that's not good.

Again, a majority of my, my
thinking is on the fact that we.

I mean, I may have to fly this
chart and make it bigger again,

for those that just popped in here.

Um, we watched the 98, 55 level.

We were expecting by stock to be ran out.

Uh, they touched it last
night, 90, 55, right.

To the PIP and in small little
retrace and off of it, and then

ran it twice through on the upside.

So it's our second past above
98, 55 on the heels of economic

numbers at eight 30 there's numbers
have been out for five minutes.

We've not seen any real expansion
above these by stops in the fact

that we've run essentially all the
way up one sided just to get to

this level here, plus it's Friday.

So there's a lot of folks
that have been dollar bulls.

That's going to want to swear
positions going into the weekend

and we don't see any immediate
follow-through on the heels

of those numbers being really.

Contrast that with dollar CAD reaching
for big figure 1 33, and then we have

the daily high over here, 1 30, 3, 12.

So we're really going to watch
this potentially, um, turtle soup

at, uh, either big B, either big
figured 1 33, a big surgery path.

Good read tongue twister, 1 33 12.

We gotta watch that level specifically.

That's this one here.

I'm going to try this one as
an exercise, uh, live with you.

And I'm going to use a demo account
because it, in my opinion, it's

not a high probability scenario
and I don't want to keep them by

effects book showing consistency
without any, any major drawdown.

So, but we'll talk it out
live if it hits a 33 12.

well, when we're watching news
releases, um, the number one thing

we're going to be expecting or
anticipating is a run on stops.

That's the, that's the typical Mo uh, they
usually run for an area stops and then

the market will go a specific direction.

In this case here only on a five minute
chart, it's only down here to this

bullish square block, which is, yeah.

See it.

Now, watch how they run to see how
they're running for the 13th or 12th.

That's these daily highs over here.

Okay.

No, I could sweep about 10, 20 pips above
still, but we're going to watch this

response at 33 12, but if it has any,
no, there's your gap through spiking

up in above the south fast, that was.

It's at 33 12 in gap above

to 33, 20 institutional.

Now we cleared an old high on
the daily at the same time.

Dollar is still lethargic.

It's I mean, yes, it's, it's,
it's maintaining, it stands above

98, 55, but in my opinion, it's
not expanding up as it should be.

It's not showing a willingness
to continuously move higher.

And I think it's going to be a lot
of folks that want to square their

positions as a result of that.

And right away, we already seen,
uh, you know, uh, give back,

which is expected to some degree.

Okay.

So we have a huge, um, The liquidity void
as a result of today's numbers release.

So we're going to hypothetically
say, okay, um, where are we at here?

We're going to hypothetically
say if it hits, uh,

right now, we're going to say we're
hypothetically selling short at 1 33 14.

Okay.

1 30, 3 14.

And the expectation is we're going to
see potentially a turtle soup and it

doesn't have to close in this entire void.

It doesn't have to come
all the way down for that.

We're going to say, okay, this is
the old daily high 1 33 big figure,

so we can expect to give back.

And this is just an exercise folks.

Don't get all excited,
putting money into this.

The objective would be the run.

We'll reach for 30 to 80,

well, which were 30 to 80
as the institutional level

below the 1 33 big figure.

And then

let's see what the open is on that candle.

Now I'll tell you why I'm picking that.

Um, yeah, let's go with 30 to 80.

And the reason why I'm using that
level is if you, if you look at

the body of this candle here, the
OPNET candle comes in at 32 76.

So if we're going to cover a short
ad in the spread to that, 80 would

give it a good chance of covering.

So we're gonna look for 30 to 80.

If we get any kind of re
uh, rejection move lower,

if it goes to 33 30,

Scrunches up.

Okay.

Again, we're, it's a hypothetical
scenario, practicing turtle soup on a

daily high 33 30 would be your stop.

33 30 33 14.

Your entry looking for 32 80, but
we'll take profits at 15 and 20 pips.

And this is one way you can
practice outside your demo account.

So that way you don't
mess up your numbers too.

It's important that you
keep really good, uh,

really good, uh, eye on your draw down.

Keep your focus on keeping that.

Uh, the question is, why am
I electing to go with 33 30?

Um, we've already punched through
the high here and we watched it

snap through that real quickly.

And it's pausing in here.

So if, if it runs above this high
again, okay, it's probably going to

expand that thirties 33 30 and run.

And it's only a 16 PIP stop.

So it's really small.

It's not, not, not a big stop at all.

What would make this a high probability
trade selling dollar CAD would, it

would have to be in a downtrend if
you're selling old highs in a market

that's bearish, that's high probability
because it's coming up above the market.

Take out by stops the pair up neutral.

And then the market maker role, Justin
sent price lower, uh, because we're

actually selling short in an uptrend.

Okay.

Or, um, annoying bullish market.

You're going to see the impacts of
having that in your face as, as a trader.

It doesn't negate the potential of
making money or seeing trades form,

but you don't get those real quick,
um, explosive one-sided response.

As soon as you get in the marketplace,
if this was a downtrend and we

went back above and old high,
then you would, it would probably

already be below 30 to 80 by now.

But because it's in a day, that's all
that in a day, but it's in a while.

You can see every time it's made a new,
higher, high, higher, high, high, we

can Molly down here, wipe this out.

The fact that we cleared these highs
in here, all we're doing is looking

for a very small, modest retracement.

Just to number one, get more
sensitive to a monitoring price act.

Reading levels anticipating
their responses, what

usually happens around them.

Um, and again, the idea is not in
the scope of making money, but it

forces you to engagement where you're
watching and you're seeing, okay, well,

they've already cleared 33 big figure.

They've already cleared the 33 12 level.

And by having those levels sweats,

the, uh, because both of the 33 big
figure in a 33, 12 level has been swept.

And so on a daily chart, these are
relatively equal highs as well.

Uh, we get through, we, we really
quickly get through, come on bell.

Once we had the 33 20 level hit,
there's a willingness sometimes to

see it retrace and it can retrace back
down just gently to the big figure,

33 big figure, the double zero level.

To see price, come on way back
down and reach below the big

figure as low as 30 to 80.

Think of, um, like when, whenever
you see an, um, a big figure level,

like the zero zero level, like 1
33, 0, 0 or 34, 0, 0 or 32 0, 0.

Um, not just on this pair, but any pair,
um, think of, and I wish there was a way

for me to actually draw this on here.

I think there might be,
let me see if I can do it.

Um,

yeah, this might be a little sloppy
and this is the first time doing

it, but just, I want to kind of give
you an illustration here right now

watching this 33 30 becomes highly,
um, in, and it's basically in jeopardy.

So the question is if you're in a
short and you're exercising, right.

You have to, uh, you have the luxury
right now, either the collapsed, the

exercise before the full stop, because
the understanding we were talking about

is if it goes a run back up to this high
here, it's going to want to expand to

the next year level, which is 33 30.

So if you're watching this and we did
an exercise at 33 14, if it gets to this

level here of here, let me try this.

Yeah.

If it gets above this high here,
it's going to want to expand to

33 30 and then even run even more.

And that would kill your trade.

So even though we have a stop, a
hard stop or an idea where the stop

should be, that is not an invitation
to take my money at a full stop.

It's just a catastrophic stop.

It's where you're willing to
take a loss and you definitely

want to be out if it gets there.

So if we're watching
price like this, okay.

And we did an exercise at 33 14, as
it runs to this level here, you can

actually preserve the amount of money
in between the runs of this high here

and what your actual stop would be.

And that's the, that's the benefit.

I got a guy.

I asked him, you know, what's the,
why would you want to do this?

Well, it's too far gone
to chase it and buy it.

Right?

I mean, can we all agree that,

I mean, there shouldn't be anybody
in here thinking I want to buy

this right now, because if that's
the case, you've not even wants

to anything in my free tutorials.

I mean, we don't chase price like this.

This is all a run on one
side of the marketplace.

And it's a known area of liquidity
because we have these old highs up

here where buy stocks will be residing.

And we've already punched through that.

The fact that we, excuse me, we get
through the 33, 12 level here, and

we had a small little short term
high and market created what was

looking like a swing high for me.

It shouldn't run through that high
again, if it's going to be good

and comes back down to the big 33
level, the takeaway from this is

when you're watching the sensitivity
on price like this, let me do this.

Let me get all this stuff off.

If this is the big figure level here.

Okay.

1 33 big figure.

We haven't been to 1 33 big figure until
this day right here on the daily chart.

But when we reached to these, when
we reached to a big figure, okay.

Think of the market maker,
offering price, like.

And they'll expand up to an institutional
level 20 above the big 33 level.

Once that happens, they can do a small
little retracement come back up and do

something like this and then close in
the void, which should be over here.

Okay.

Does that make kind of make sense
when I'm referring to where they'll

work a level like the big figure?

Okay.

Now this is not to scale on a five minute
chart, but when a market maker knows that

there's going to be orders, that's going
to be all around that big figure level.

So at 1 33 big figure, there's going to
be stacking orders and they're dying.

In other words as the
market trades at this level.

Okay.

Folks that are long, they're going to
want to take profit at 33, 0 0 level.

There's going to be folks that
think 33 0 0 level is a good selling

position or a resistance level.

So that there'll be sellers there.

Okay.

There'll be folks that think that once
it goes through 33, if it comes back down

to it, there'll be willing buyers there.

Okay.

So what I'm saying is, is there's a ton
of interest around these big levels.

Okay.

And the market maker knows
that and he can make a book.

Okay.

Or build positions or square
positions or liquidate positions.

Okay.

Or engineer positions around the liquidity
forums at these big 33 or double zeros.

The same thing happens
at institutional levels.

Like the 20 level, it happens at the
50 level and happens at the 80 level.

Not so much on the smaller levels outside
of those, but generally the algo will work

the twenties, the fifties, the eighties,
and definitely the full zero zero levels.

Let me see if I can get this off now.

Um, well the, the exercise you'd already
collapsed it, you would already collapsed

because we initially set our ideal
area where we don't see price traits.

Right.

Which would be this old high we would,
and then your stock will be gone.

Then also we would have preserved equity
by like collapsing the trade early.

And it would've given you screwed
us over here a little bit, so I

can make some more points about it.

The idea is obviously you can't, you
can't buy it because it's too far gone.

I mean, there's nothing that it would
learn well for an idea to support it.

So the only thing you can do is practice
it's responsiveness around levels

where buy stops would be residing.

So again, we got that big figure 33 and
in 33 12, which is the old daily high

over here relative to the daily chart.

And are we seeing a continuation
on the upside after expense?

Or are we just reaching for what
will be stops above this level?

And then see some
retracements sewing down.

There's nothing you can do trade wise
here because of the fact that it's moved

too far gone, for instance, like if you
bought it, if you wanted to go along

and I'm believing, I'm playing devil's
advocate here, I'm not in enticing

and trying to inspire you to do this,
but if you had a gun to your head, you

know, why, where would you buy it at?

And where would your stop loss be yet?

And what would you be reaching for?

What would be the objective.

No.

I got one guy that stepped out.

He says, uh, we can buy a 33 big figure
and look for about 20 PIP run above it.

Um, other folks are saying we could sell
it above 33, 20 level, 20 pips above it.

Um, Larry, I see your comment.

Why wouldn't this be a good day to buy?

Um, we've already seen that.

I don't know if you were
here when we first started.

So kind of take the Liberty to go
back and say what I said earlier.

Uh, we've already moved through 98, 55.

Okay.

So we went through.

Came back retraced.

We came back above it
again ahead of the news.

Okay.

So it was already above 90, 55.

It already went twice
above the 98, 55 level.

Now we're seeing some expansion
on dollar, which is nice nature.

We should see dollar cat really run.

Let's see what we're reaching for here.

1 34 0 5 as the high here.

So if we get some real expansion,
we could see a run there.

Now, given that.

If we can get a little bit of a
retracement and then a smaller order

block forms because it's still early
in the day, but it has to do it faster.

Can't you can't be waiting around for it.

We could eat out or run
into that 1 34 big figure.

But to answer your question, Larry,
um, he asks, why wouldn't it be a

good day to be by, um, because the
news coming out and got to a 15 minute

timeframe, cause this is too small for me

ahead of the news.

I would've rather seen
it come down and spike.

As the news release occurred, I
would have really been excited

about seeing it come down and trade
below this low and had that happen.

Uh, move below that low, that
would have taken the stops out.

It would justify why an upside expansion
would be seen, because if it's going

to expand up, they want to take stops.

And the only stops they
really took was this one here.

And I immediately would have
expected this low here taken out

before just this little one here
on all the news that's coming out.

We had a high impact for Kat
and medium impact for dollar.

So that would be certainly enough
for it to drive down below that low.

And if it came down below that level,
permitted enough of a move down into this

area here, which would justify also why
I was looking at the dollar this morning.

And my, uh, my concern was its
unwillingness to expand right away off

at 90, 55 level after doing it twice.

And I was going above it
twice and it's Friday.

So there was a lot of, uh, I would put it
this way for me to have wanted to buy it.

It, it would have to take in
the stops out below the low.

Otherwise it wouldn't, I wouldn't
be, I wouldn't be buying it.

Say I was home.

I wasn't doing a live session with you.

I was dialed in focused everything.

I would have missed this entire thing.

It would've never happened for me
because it wouldn't have came down below.

The lows would be willing to buy up,

uh, 33 53.

What's that?

The daily so daily,
uh, hang on one second.

You're talking about this level
here, Cain, this candle up candle.

I'll tell you what these things
are always exactly where I don't

want them to be at on my screen.

And we think all around, uh, 33 55

here, this one right here.

Well, it's a sensitive, the opening
opening and closing of these candles here,

these bodies here.

And plus it's a mid figure.

So I mean, that would be a objective
to reach for, but I think if it's

going there, it's probably going
to want to wipe out those highs.

Because ultimately, if you look back
here, we have a void that's still exposed.

So 1 33, sorry, 1 36 is still over
the course of a couple of weeks.

It could still happen
and they can go up there.

It certainly doesn't want to look like it.

I mean, this doesn't want
to go lower, obviously.

Yeah.

A couple of you were saying that
the banks had dialed in and there's

the subscribing to my live stream.

They're trying to kill Twitter and
they're, uh, they're not taking

the stops out before the move now.

Oh man.

I don't know.

It could be

yeah, too much of your heads in, in.

All right.

Take a look at the, I can't do
anything right here with a dollar CAD.

All right.

So we have the buy stocks.

We didn't quite get up
in there and hit those.

I was hoping to see that didn't happen.

Fiber, really making a run lower.

This is our next liquidity pool down here
that gives us a potential run to 1 0 8

21 0 8, 25 as a low on this candle here.

So we have liquidity below there.

And then if we get down to here, I
don't think we're stopping there.

I just think that's the
next level going lower.

I think what we need to be worrying
about, or not really so much worrying

about, but contending ourselves.

Is this right here between this,
between this low in this candle's high.

What is this

liquidity void?

The market's been only offered
on what side of the marketplace.

Exactly.

So the price has been
offered on the upside.

Okay.

But it's not had any return
back down to that rain.

So you would look at price
like this is like a big, y'all

want neon signs on your chart.

So when you first start as a trader,
this is what it would look like.

Neon sign down here.

There's all kinds of interest to
close in that range here between this.

In this candle's high.

That's what broke, when this came up,
it went up, it broke this up candles

high here, all this retracement
down stopped right here and it left

this little area of price action in
commodity trading or stock trading.

Um, this would sometimes appear on your
chart on a daily chart as a gap where

price wouldn't be traded to, and it
would be referred to as a common gap.

So when we hear things like, uh, like
crystal Ray, and I only wanna really

talk about liquidity voids, um, it's
really essentially just a common gap.

That's all it really is.

So if I really was going to speak in terms
of what technical analysis is, um, uh, you

know, what technical analysis refers to
in, in, in the scope of liquidity voids,

uh, they've always been around, okay.

D this has been called common gaps, so.

Uh, Chris and I aren't pioneering
anything in regards to making a

label calling it liquidity voids.

It's just, there has been no price,
uh, traded to specific levels.

So, uh, when we see gaps like
that, even though we don't really

see a gap in price because it's 24
hours, it still exists down here.

So price was down here and then it gapped
up in the here, nothing was offered

on the sell side, through that range.

That's shaded.

So there's going to be a big impulse
or a willingness to want to get down

in there because this has been exposed
as a gap down there in the market,

wants to be efficient about that.

And the algo knows by its historical
reference that there's been little

to no training down in there.

And by the fault it will
expand to go to that level.

Um, well, in terms of efficient,
And delivery of price.

That's why the algo we'll go back to it.

And that's why, before everything
went electronic, the market makers

would actually offer prices in these
areas and it would, they would drive

price to their known common gaps.

When you, uh, when you look at old,
like I was saying, I look at old S and P

contracts look how the S and P would trade
before it went to electronic trading.

It would always go and close in its gaps.

You know, wherever today say's opening
would be relative to yesterday's closed.

And I would say we gap down on the S
and P um, it would go up to the previous

day's low or up to the previous days
close, and that would be a trade.

And I taught this in the late nineties.

Um, that's an easy way of trading the S
and P um, looking at where the previous

days close was and where we opened.

And you can do two trades with
that, depending on how big the

gap is relative to where we
closed and where we open today.

So today's opening.

If it runs up into previous days, low
effort gap down at the new opening.

If it's at lower opening, it'll
trade back up to previous days, low

or previous days close, whichever
is lower is the low-hanging fruit.

If you have a good objective or a
nice range between today's opening and

yesterday's low, and it got down when
you're opening today, it would many times

it would provide me my morning trade in
the S and P and I would be buying it up

to that point and that would square my
positions, or I would take 70% of it off.

And then I would let the remaining
portion run to see if it would

get to the previous days close.

If the close was higher
than previous day's low.

And obviously the same
thing would be said.

If, if today's gap opening would
be higher than previous day, Hi, or

previous days close, the idea would
be you would sell S and P with a move

to previous days high for previous
days, close, whichever is lower.

And that's the morning session
trade for S and P trading.

Well, the point in why I'm talking about
that is the fact that you would get

sessions closings and succession openings,
which you don't see so much on four X

because it's 24 7, well, not 20%, but 24
hours a day, Monday through Friday, the,

the element of common gaps are not seen
because it looks like the market's fluid.

It's, it's efficient
in every, every aspect.

And when it's not, there's
periods of inefficiency, which

is what this is down here.

And the fact that it creates that
common gap, that's all it is.

It's common gap.

It's going to want to close in that.

And if you get that on a hard timeframe,
it drawls, um, long-term trend.

And it doesn't, it can
kind of go from one.

Down to 1 0 6, okay.

And one move.

And ain't gonna do that one day,
but it it's like a big neon sign.

Like we're saying that using
an analogy that this is, what's

going to draw a price down there.

The fact that this gaps there, why it
has to happen or why it should happen

is because you have to offer price on
both sides to be an efficient market.

It can't just be only buyers because
otherwise, um, like we discussed

with the cat, you know, it's too
far gone on the upside for us to

buy it, see if he can't buy it.

You know, what's that, what's that
for traders to do either sit on their

hands or do what we were doing earlier.

Just doing an exercise.

See if we can see if we can
get some kind of sell off

after running at the a 1 33 12.

Would I consider selling Looney at
London close and maybe down 30% on it?

Um, no, I wouldn't want to do that.

Uh, the only thing I would've been
interested in is what we were showing here

as an exercise at 33 big figure in 33 12,
if there was going to be any meaningful.

Um, so off at least for today,
and I don't want to go into

the weekend, um, with anything.

I just don't, I don't trust the conditions
of the marketplace right now, and I'm

expecting something to happen over
the weekend in the next coming weeks.

And I don't want to be
exposed to anything like that.

I believe that the, uh, Euro dollar
will be at parody with the dollar.

That's my longterm.

So, yes, I do believe that your
a dollar will go lower than that.

And liquidity boy did.

I just showed you

Euro pound.

Okay.

That's a mess.

Isn't it?

I don't know.

Some more downside.

We could probably go
down to 83, I'm sorry.

88, 35 to 88 50.

That would close this void in here,
which is defined by this candle is

low in this candle's high right here.

I'm going to be honest with you.

No, one's really said anything about this,
but I will kind of think out loud here.

And it might be because I had some
personal things going on, but even looking

at the market in hindsight, um, this
week has been a little difficult for me.

And I'll be honest with you.

I'm not saying that there
wasn't opportunities there.

I mean, obviously I made my weekly
objective to keep records of,

uh, opportunities, but outside
of that, um, I, I just think that

this week was a little weird.

It wasn't a lot of symmetry
in the marketplace.

But I think that dollar,
I'm sorry, you're a pound.

Um, we're probably gonna come down
here and close that void in, but let

me comment on about why I felt that
this week was a little difficult,

um, on a dollar, on a daily chart,

we had watched this, um,
98, 55 level four weeks.

And we talked about that level actually,
when price was down here, if you go

back and look at the September videos,
in fact, if you go back on the YouTube,

you actually hear me talk about it in
August, this specific 98, 55 level.

And we were, we were
bullish on the dollar.

If, and more specifically, I told you
that we were around in rounding the,

uh, the market out here finding a low.

And I used the dollar CAD to
support that idea that the dollar

index should be going higher.

The fact that we had this
one down candle, right?

Okay.

This one down candle, we're
watching the middle of that candle.

Now, obviously, you know, my tools and
my concepts say that we don't want to see

the, the middle of the range be given up.

And

we had it here and I was uncertain
about what we were going to see here.

And I thought, well, okay, well
we'll probably come down and close

a little bit of the void in here.

It didn't do that.

It just held around, held
around, held around, and then

all of a sudden ECB this week.

So if I would have been more active, okay.

If I would've been more active
this week, I'm almost certain

I would have had a loss.

I would have been able
to absorb a losing trade.

Um, the fact that the
dollar didn't perform.

At this level, like I was expecting, um,
we, we spent a couple of times dipping

down in the lower end of this down candle,
which is not what I like to see happen.

So it doesn't, it didn't
line up with my expectations.

Now here's the thing, despite the fact
that I, and everyone has been expecting

98, 55, I will be reached for, I wasn't
comfortable being a buyer down in here.

$1, we looked at 97 70.

And if you look at the 30
minute chart, we had that, uh,

there is, I thought I lost it.

We had the 97, 70 level stops.

We knew that that was
likely to be cleared out.

It did that, and it stopped beautifully
around there, but it didn't do much in

the way of providing any more, um, buying
until the ECB and unemployment numbers

came out, which is this movement here.

And again, I don't, I don't, I
just don't personally see it.

And I might look at this next
week and say, oh, there it was.

But real time.

And with everything that's going on this
week, you know, I just didn't see it.

So if you've had, if you had a little
difficulty this week, just know that, you

know, I'm looking at it too the same way.

I didn't feel, um, I didn't feel dialed
in or plugged in at all this week.

And it's, you know, it's going
to happen regardless of how long

you're trading and you're going to
either get in sync or you're not.

And it's important that it's okay.

It's normal just because, um, you
know, I'm giving a mentorship here.

I'm teaching stuff doesn't in
no way, shape or form mean that

I'm going to be 100% accurate.

In fact, um, it's actually very comforting
to be able to talk about this and kind

of like reassure most of you that.

If you haven't seen certain setups paint
out this week, don't feel upset about

that because I've had the same feeling
about looking at prices in dollars.

Been a little weird for me and it
might've been just because the ECB

had to come out, uh, on, uh, on the
20th and do what it needed to do.

Yeah.

Um, then after I tried to get folks to,
um, to sign in with the, uh, let me see

how many people I've got in here now.

All right.

I got 111 people.

That's about one quarter of what usually
shows up in the New York session.

But, uh, yeah, my Twitter is down.

It's been down since, uh, it
said that it was reporting 7:22

AM in Eastern standard time.

But, uh, I, I couldn't do
Twitter as early as 6 59.

So 10 minutes before seven
o'clock this morning, I couldn't

sign in or log into Twitter.

And I was a little bit panicked
because I'm thinking, how am

I going to reach you people?

So I just put it on the forum
and if you're listening, I'm just

going to remind you all here.

Um, there's a subscribe button.

Let me see if I can show
it real quick on the,

make sure I have this in the recording.

That way you guys can see it.

Oops.

Spelled that wrong.

Yeah.

Are you kidding me?

I'm locking out my own house.

What's going on here?

Oh, good grief.

I'm using the capital L.

There you go

man alive.

I was getting nervous.

I'm like, oh, something's really going on.

Cause you go into the forum
and you go to the thread like

October, February inactive.

Now there is a little
button on any supposed it's.

This is why it's important that you
have your email address linked to this.

There's a button over here.

Like here I have, um, subscribed.

So when you're in the forum,
if you have not subscribed

to the October thread, okay.

You need to click on
subscribe when you do that.

Okay.

You'll get notifications and it'll go to
your email address and it'll prompt you

with anything that I've sent to the form.

So when I put new content, um,
say your Twitter notifications

are turned off because I'm might
go into a Twitter rant one time.

I don't try to do it with.

Twitter feed, but if it happens, you
might want to delete or turn off the

notifications while over the weekend and
just read them at your leisure later on.

If you subscribe to the threads, the
content threads, every time there's

a new post made by me, it'll notify
you that we don't have to keep

coming back and checking the thread
and see if there's something there.

But also more importantly, I can
reach out to you in the event

at Twitter like it is today.

Cause I didn't think about Twitter ever
going down, but, uh, that would be a

good way for us to be able to connect.

You.

Don't have a subscribe
button on, uh, on your end.

A couple of people are saying
that you don't have that.

Oh, that's weird.

Some of you you're saying you do.

And some of you just saying you don't.

Yeah, you got to scroll all the
way down to the bottom very bottom

and you'll see, you should see it.

Yeah.

You'll probably have to go through your PC
to do it and allow you guys are cheating

at work and doing things you shouldn't be
doing, but that's one way we can stay in

contact with one another real important.

I learned a lesson today about the,
having a backup, cause I didn't think

about it at all until this morning.

All right.

So here we are with dollar.

Where did we spike up to here?

33 51.

Yeah.

You know what French,
I think you're right.

If I'm just editing, if I'm
editing a forum post, it's not

going to probably read that.

Like, you're like you're saying
here, but if I send out a post, like

a link to the forum, sorry to the
live sessions, it would be a, it

should generate you a notification.

And that's what I'm saying.

I would, I would do that going forward.

All right.

So the exercise that we did.

We're looking at potentially selling on
a 1 33 14 with a stop at 33 30 16 pips.

Stop with an objective down to
32 30 and scaling up 15, 20 pips.

Uh, we were able to preserve the full stop
cause we were identifying where the market

shouldn't go to and it went to the level.

We would be wanting to kill the trade at
so very small, um, negative response, but

it's experience nonetheless again, you
can't buy it when it takes off like that.

You gotta work with what
levels have been given to you.

Is that total daily
high, miss the big figure

cable.

Yeah, I don't, I mean, I know I
want to see it go lower, but just

don't know where I want to sell
it at and be comfortable doing.

Um, that's a good question, Brian.

Um, in my early days of train, would I
get mad about missing moves like this?

Um, yeah, I mean, I, I've already
divulged that spent a lot of money

on replacing monitors that would get
mad about all that stuff, especially

if I was expecting to move ahead of
time and if it took off without me.

Oh man.

Because I was thinking like
everyone else does, you know,

that's the only trait that's ever
going to exist and I missed it.

So therefore my trading career is over
when in fact it's not true at all.

So it's for my personal journal.

The, the idea of logging.

And obviously I'll have a lot to say
to my journal about what happened

in my personal life this week.

And I'm admittedly going to attribute
a lot of that to why I feel off from

the middle point of the week to,
to Friday's close, but technically

speaking, um, the hiccup in the dollar,
like I was saying here, this kind of

threw me off a little bit, cause this
is not what I like to see happen.

Even though we have 98, 55 upside
objective noted in advance.

Um, I wasn't able to capitalize on it.

So when I log my journal, I will
give feedback to myself saying, okay.

Um, the objectives that I called
for 1955 were met on dollar.

Um, the downside objectives on your.

On these cell staffs were hit, uh,
the 1 10 40 cell level 1, 10 35

cell level prior to the gun only
stops, um, panned out this week.

Um, I focus on the strengths first.

I spent a lot of time
on what I did, right.

Or what I expected to see
happen in the marketplace.

It's very important that
you keep reminding yourself

of that in your journal.

Um, but you always close the journal
with things that you learned or what

you discovered or what happened that
were outside the scope of what you're

into expectation or anticipate, uh,
anticipation, anticipation, and your

anticipatory skillsets were leading
you to believe so by having a balance,

but more specifically, you have to
let journals like your, your accounts.

Yeah, the journals like your,
uh, your, your sense of, um,

encouragement, because it's very easy.

And I'll tell you, and I'll speak on
this because it was mentioned a couple

minutes ago by, uh, one of the members
in my early days, I would be so mad

and so tore up about missing a move,
especially in this nothing happened

this week, that was astronomical, that
can't be seen on any other given week.

It's not been that much of movement.

You can't see these types of
moves happen on a regular basis.

What makes it frustrating?

And what made it frustrating as
a new trader is the fact that it

would go right to the levels like
we have here 1, 10 40, right.

To the PIP.

And then it was run in, in
my, in my direction of choice.

If I was not able to capitalize
on that or take a position on

it, I would literally punish my.

I would beat myself up emotionally,
intentionally, uh, you know,

you saying this is stupid.

I should have not, I shouldn't have
done this or I should've done that or

I should have just jumped in early.

And I found that that was actually
creating a toxic thinking and it would

always push me into trades that I
shouldn't be taking as a result because

I'd have to feel like the trader and you
can't be a trader unless you're trading.

Right?

So the point is to avoid all that, to
avoid all that you have to, uh, number

one, stay focused on reminding yourself
that every opportunity that comes

your way, isn't the last opportunity.

There's always new opportunities.

And the fact that, uh, you know, you're
going to have missed opportunities.

You're going to miss.

Here's the thing you're.

And I've said this many times
before, you're going to miss

more trades than you make.

And that's a problem for a new trader.

It's like, well, that shouldn't happen.

If you're a new trader, okay.

You're thinking your system's going to
give you a trade every five minutes.

And you're going to take a
trade every five minutes.

And every one of them are going to
be winners and that's not realistic.

That's not going to happen.

It's first.

It's never going to happen.

It's never going to happen for you.

What I teach and when I try to promote
is even though I was right about a

lot of things, and even though I was
wrong about some things this week,

it did not change the overall course
of what I set out for as a goal.

I want to make two and a half
percent every single week.

That's what I'm aiming for because
the second half of this month,

remember I said, I was going to
show you how to make 10% a month.

Well, obviously I'm almost
at 60% for the month.

Okay.

But if we take that big, uh, British
pound straight out, that still puts me

in a really good position, percentage
wise, Relative to my effects book.

So if we, if we take the whole
entire week, yes, there's going

to be opportunities where, um, I
called right to the PIP 1, 10 40.

I can't hang my hat on that.

Cause I didn't trade that.

But I logged that in my log, in my journal
as a sense of reassurement because next

week could be the very week I have one or
2%, um, loss or even three losing trades.

If I try to, uh, show, uh, mitigation
like I'm going to teach today, the

point is the goal for the month is
the objective, not the day by date

objective your day to day, uh, goals or
your day to day, uh, uh, expectations

on what your equity should be.

That's my.

See what I, when I look at trading,
I look at the beginning calendar day.

When's the last shooting
day of that month.

And that's my, that's my
window of opportunity.

I'm not forcing, I have to make
my two and a half percent on

Tuesday of every single week.

And I'm not thinking that way.

I'm thinking, okay, what's
my goal for the month.

If my goal is to make 10% for the
month, I have a lot of time to be

more selective about trade setups.

That will allow me to get that 10%
return over the course of a month,

where I messed up in the beginning was
by trying to get an all in one trade

because I was thinking if I can get
all one trade, then I don't have to be

fearful about being in the marketplace.

Cause I was very fearful
of being in the market.

I was fearful of taking trades.

I could see things on the charts that
would lead me to believe something

should happen, but I would be too fearful
to actually execute and do the trade.

And then once I got in a trade, I
would be terrified and it would, I

wouldn't know what I was supposed to be.

And many times I had no idea
where it should go target wise.

And when it was moving in my
favorite, then it was even more

scary because I don't know if
I should hold on to it or not.

And then because of panic attacks, I
would just collapse the trade and then it

would keep on going thousands of dollars.

And if I just sort of stayed in it and
turned the computer off, I would've made

lots more money, but I would beat myself
up about the fact that I just made money.

It was an error, but I made my, I
made money, but I beat myself up

about it because I had no direction.

I had no plan.

I had no organization.

I learned by time and exposure that
setups really repeat themselves a lot.

They're very recurring phenomenon.

And there's nothing for you
to fear about missing moves.

And for you as a new trader or
someone that's been trading for

a while, can I do like a poll.

I like to get these types of feedbacks if
you've been trading longer than two years.

Okay.

If you've been trading longer
than two years in any asset

classes have to be Forex.

If you get angry or frustrated or
depressed about missing a trade, say I do.

If you don't, then obviously don't
say nothing, but only for those that

have traded longer than two years.

Wow.

That's a good number.

Yeah.

Wow.

Yeah, that was a it's still going.

Okay.

So when I'm talking about this, , it's
an intimate experience for you.

Okay.

You know exactly what I'm talking about.

When, when I say it, the way I
overcame that feeling is number

one, losing tons of money.

And I can tell you if there's a choice
of missing a move and feeling depressed

about that or losing fortunes of real
money, I will always side with missing

the opportunity because I still have my
equity and it wasn't until a day where I

was actually literally sitting in my car
in gunpowder state park, because that's

where I would go a couple of times a
week and I'd sit out there and I would

reflect, look at the water and think
about what I was going to do, what my

goals were and what I did the previous
week and how I'm going to double that.

Okay.

And with unrealistic expectations, but one
day I just sat there and I felt incredibly

foolish about what I was thinking about.

I was thinking about how I didn't
make money on a setup and it

happened to be in a copper trade.

Okay.

Um, copper is a commodity
that you can trade.

Um, Uh, futures market and
copper, wasn't a premium market.

And it means that the nearby
contracts were selling for more

money than a distant months out.

And it was already in a preexisting
uptrend, uh, commercials were already

net long, and it was a seasonal tendency
for copper to go up and everything was

this lined up for this thing to go up.

And I knew there was a specific level.

I shouldn't be buying it, but I
fearfully sat on the sidelines

because I wanted a little bit better
pricing and it didn't give it to me.

It spent two days at that level that
I should have been buying well on

the third day it was lifted up and it
stayed limit up for about three days.

And it didn't give me an
opportunity to get in there.

And I was very frustrated because
there's no better feeling to be

stuck making limit up, move profit.

You can't get out of the market.

It won't let you out.

The open is the same thing as
the close is just an uptick on

your chart and nothing's changed.

So when you have those experiences
and you look back and you say,

man, I wish I would have done this.

I missed this opportunity,
yada, yada, yada.

I was looking at the fact that, okay,
well, I could have been short and stuck

in limit up, moves over leveraged.

Like I always was then.

And it dawned on me that number one, I'm
beating myself up about something that

I did not physically take a loss in.

And this is not the last opportunity
that's going to come across my charts.

And I looked at how many trades
I've taken from that point on.

And it was lots because I was
trading every single day, every

single trading day, I was trading
something way overtrading.

But when I looked to how many times
I was making money and I can admit

to you when I first started making
money in the nineties, I really

had no idea what I was doing.

I was lucky buying only in bull
markets and it just markets were going

straight up so anybody can make money.

But when I looked at how many times
I was trading and how many times I

was able to take money out of the
marketplace, even being stupid.

And I'm not having no
idea what I was doing.

It dawned on me that why should I
ever feel like I missed that trade?

So therefore I should be mad or depressed.

And it dawned on me and how I
did not have a mature perspective

about how the markets operated.

I was thinking like a neophyte,
like, like a, like a person that

just first time gets into casino.

You know, if they went on their
first-hand, they things learn on a hot

streak and therefore you got to push it.

When, in fact, when you're trading,
when you're on your own, when

you're on a hot streak, you need
to start scaling back your risk.

And that's not going to agree
with 90% of what people say.

If you're on a roll and
you're making money, okay.

They tell you, push it, push what
don't increase your leverage.

Don't increase your trade frequency.

The market has no perception
of what your hot streets.

It's just, you're in
alignment for right now.

And that doesn't stay like that.

Eventually, if you keep pushing it,
you're going to have your hardest loss,

your biggest loss when you've pushed it,
because you think you're on a hot hand for

a hot street, you got to push your edge.

Now you don't, when you're on a hot
run and you got a long series of

wins, I, I actually started learning
to dial back my leverage and my trade

frequency, because I know what's
coming that losing trades coming.

The more times you have winning trades in
a row, the higher, the probability that

that next losing trade is going to happen.

And I started focusing on that and not
focusing on the fact that I've missed

an opportunity, or I missed a trade
because I knew by looking at my journal,

how many times I was taking trades.

I don't know why we as traders forget
this, but how many times, just in the

course of this mentorship, have we talked
about specific levels in the market?

There's all kinds of opportunities
just because it doesn't line

up for my specific trade.

There's all kinds of, and many of
you're actually sending them to me

in email what you're actually doing.

And that's great.

I'm not asking you to do
that, but you're doing it.

So there's always new opportunities.

There's always new setups, just
because you get excited about

that setup and you don't get a
chance to take advantage of it.

And you start thinking that you're
mad or you're depressed or you're

angry or you're regretful because
you didn't do it stop for a moment.

Okay.

And if you're not really paying
attention, if you're doing something

else right now, but you can
hear my voice stop for a second.

Just hear me out for this.

They only gonna talk
about two minutes for it.

If you feel that way, you need to
admit to yourself right now that you

are not organized and you're not being
realistic about your expectations

about your trading and the market.

And you have to remind yourself that
there are new opportunities, every single

trading day in that trade that you missed,
or that set up that didn't pan out.

Exactly like you wanted to, but still
went to where you wanted it to go.

That's not the last trade
that's going to appear.

That's not that wasn't the last
trade of your trading career.

You're not trying to close out
of Floyd Mayweather career, you

know where you're undefeated and
everything's perfect for you.

But we as traders because we're
human and we don't want to be wrong.

We want to be right every time.

And we want to be in every move.

That's going to go in our
favor that we've foreseen.

We will beat ourselves up.

Even if you watch these folks
on forums and Twitter, that seem

like they got it all together.

Believe me, they're having that
same internal struggle as well.

When they miss an opportunity,
they're just not telling it to you.

I'm telling you for, someone's
been doing it for 23 plus years.

You're going to miss moves and either
you're going to waste time and energy and

emotional commitment to something that
you can't go back in time and retrade.

You can't go back in time and, and
go back into the marketplace where

you thought you should have been.

But what can you do with that information?

Number one, you can log it as
this is a positive experience.

I expected this move to come.

And that's that experience level and
your acknowledgement of that, what it

was, think about what you've done, you've
turned something experientially to a

positive, and you focused on the fact that
you were able to see that move coming.

You're going to miss more
trades than you actually take.

So if you're finding yourself, seeing
these things form on the charts, more

routinely, that reoccur over and over
and over again, over the course of

a month, if you can find foresight.

That means from the beginning calendar
day, first trading day of the month to the

ending calendar day or last day and day
of the month, if you can find four setups,

whether you've taken them or not, if you
can see four setups panning out or setting

up or where level should be responsive,
and that happens for you at least

four times a month, you are on track.

You have absolutely nothing to
be upset about because if you ask

the general populace in trading,
they can't find one set up.

They can't see anything
that makes sense to them.

They can't anticipate anything.

And some of you are learning at
a great pace, but it doesn't feel

like it because you want to be
trading for a living right now.

And the folks that have really
done some reflecting and

they have given me feedback.

And again, I'm not asking you to give
me a wave of emails, but I'm just

telling you, there's a lot of folks
that are in our mentorship that are

talking about these very things.

They're saying, you know what?

I'm looking for.

One set of people.

And while I see other things panning out,
I'm not really upset about that anymore.

I'm not thinking about you,
my ability to find trades.

Cause I can see what I want to focus on.

What level should be responsive,
what market I should be following.

And the encouragement they'd have
seen in their own trading because

of the fact that they have number
one, lowered their expectations.

Now would that my effects
book, I'm giving you a, uh,

illustration with that's a risk.

That's a return that most
people can't get on a year.

You know, I'm like half a percent away
from 60% return just for this month.

And I haven't taken a lot of time.

It looks like 12 trades, but
they're, they're partials.

That's why it shows like that.

It's their partial setups where I'm taking
part of the trade off or I'm doing doubles

and taking off one as the trades on.

And then it looks like I'm doing
a lot of trades, but really

I'm not really doing that.

It's like half of it, 12,
I'm doing like six trades.

So if my setups okay, are designed to give
me three or more, ideally five to one.

Okay.

If I can do gearing like that, I need, I
need not worry about missing opportunities

because I know the ones I want to be in.

I want to be in the ones that have
the highest probability paying out.

And I know there's going to
be trades that move around and

offer potential pips or profit.

But if it doesn't line up with
my risk, it doesn't line up

with the, uh, the expectations
I have for the general market.

Then I'll, electo just monitor it,
but I'm not going to put money behind.

If you can do those types of things
over the course of a month and see

four setups, your acts, that you're
actually right where you need to be yet.

Now say you can see one or two
per month, you're on your way.

You're, you're, you're actually getting to
where you need to be at, but don't rush.

It don't force.

It don't be upset if you miss the
trade, because here's the thing.

You saw something that 98%
of other traders that trade

four X never saw coming.

And if you keep re reinforcing that,
if you see that over and over and over

in, in your, in your trading, where you
can see a measurable increase of your

understanding, then guess what you have
done everything you're supposed to do so

far in this mentorship, the effects of the
teachings and the exposure are actually

taking root in your understanding.

So when you sit in front of the
charts and you anticipate a specific.

Number one, you're going
to have experience behind

you saying, you know what?

I know that this has a high probability
of unfolding now, just because it

has a high probability of unfolding
or going to a specific level, does

that equate to a safe low-risk trade?

Not always.

That was the hardest lesson for me
to learn just because I know that

there's a level with high probability.

It may trade too.

It may not give me a low defined
risk scenario where I can get

in there and trade with low risk
and you expect to make that move.

And that's what happened with me
in regards to the dollar this week

with the dollar, this area in here
caused an issue for me, even though

I called 98 55 its own record.

I was unable to really capitalize
on that because it didn't

fit my specific criteria.

It's those that are relying OPIC in
their perspective, or very unrealistic

in terms of what they're expecting to
learn either by me or for anyone that

teaches not just for X, but anything.

Uh, they're going to have a real hard
time with this, about me saying this.

They're going to, they're going to
say, well, you should know better.

You should be able to do better than this.

And I'm telling you there
that's, that's going to happen.

It's going to happen to you.

I don't care how long you trade.

I mean, nobody does it perfectly.

And that's my point by showing
you to my effects book, it gives

you a real measurement stick that
you don't have to trade a lot.

You don't have to do exceptionally
well to do very good.

Okay.

And if you're focusing on
doubling your money in the

beginning, that's easily obtained.

Then if you start graduating into an 8%
or 10% per month return, that's realistic.

But it's going to take
a little bit of time.

And then once you're able to do that,
as you grow into those measurable

mile markers, you'll start seeing
trades that you didn't see before.

And they'll, the scenarios will be
there that maybe I haven't talked

about yet, but you're starting to
see certain things in price action

that you never noticed before.

That's normal.

Don't think that you're being
distracted to do something

outside of what I'm teaching.

You're just actually getting the feedback
of exposing yourself to price action.

In a later month of this mentorship,
there's going to be a lot of dots

connected immediately, like in one or
two sessions, something will happen and

then you'll have a, it's like the veil
is lifted and you'll feel all these

things that you're feeling right now.

Like when you miss a move and
all that stuff, they won't be

viewed in the same light anymore.

You'll say, okay, well that
just proves I have a plan.

Uh, a plethora of opportunities
I can choose from.

And you won't look at it as I'm stupid.

I missed this trade or I, you know,
I've got to go home and beat my dog up

because, you know, I missed the Canadian
dollar trade or the Euro went down.

I knew it was going to go down there.

I didn't take a trade.

I knew I should've shorted it
there, but I just didn't do it.

You won't think that way you won't have
any of those thought processes behind it?

So the, the element of focusing in, in
logging and journaling is the only way

that you can keep your thought process.

And this is my experience, and this is how
I'm answering the questions I'm getting

in, in the, in the live mentorship,
uh, presentation we're doing right now.

Everyone's asking how did I overcome it
personally, by physically writing in a

journal, telling myself what I did, right.

Acknowledging what I did wrong.

And then I talked about what things
I would do the next time that

happens, or when an opportunity
comes up, what will I do next time?

Because I need to get rid of number
one, the depression about missing

a move and initially the anxiety
and fear about taking the trade.

And how did I overcome that by forcing
myself to take the trade, just getting

in there every single day, I needed to
know what I should be doing right now.

I need to either buy the
opening or sell the opening.

And I did this for three months.

I literally looked at the markets.

Okay.

Based on what I'm seeing,
I have to take a trade.

I'm buying the S and P on the open,
or I'm selling the S and P on the

open relative to, you know, I was
buying on Mondays and Tuesdays and

selling on Thursdays and Fridays.

That's how I was doing it.

But because I did this every single
trading day, I didn't care what

the outcome was because I just.

And I completely desensitized myself.

The only way you're going to
desensitize yourself about missing

trades is logging them and focusing
on the fact that you were able to

see the potential of it being there.

And your brain is going to allow
that as positive feedback, because

number one, you wrote out in your own
handwriting and you'll refer back to it.

At the end of the week, you should go back
through all your daily journal entries

and say, okay, I thought this was going to
happen, but this is really what happened.

And most of my takeaway from that to
every single day, you should be doing

a journal entry and then do a recap
on a weekly basis on the weekend.

Um, yes, I believe John asked, do
I think that, um, you can achieve

this level of awareness with a
demo account and yes, you can't.

That's where it needs to be.

Uh, you need obtain it in that
because as soon as you add

money, It messes it all up.

Believe me, I'm telling you
teaching as many people as I've

taught and my own experience.

I'm speaking from I'm preaching to you.

You can't learn it with money
exposed you can't because you're

going to only worry about the money.

You won't worry about the internal
dialogue that you're going

to have with the marketplace.

Believe me, you know
what I'm talking about?

If you're just honest right now and
say, Hey, when you put a trade on

that chart is talking to you, okay?

Believe me, it's talking to you.

It's telling you get out right now
or hold for more or move your stop.

How you interpret what that
price is actually saying to

you is very, very important.

In the beginning.

In the beginning, you're gonna, you're
gonna, you're going to think you

should be doing all kinds of things.

Moving stops, moving limit orders.

You have a target, but then
all of a sudden the market

starts moving really quick.

Well, let me make the limit
a little bit farther away.

It might give me a little bit more.

Why don't you do that?

Why you want to move your stop
fear by identifying these markers.

Okay.

It'll show you what side of the
marketplace is an impediment when you

right now, and that is only brought to
light by journaling and with an, uh, a

tool like my effects book or edge Wong.

Okay.

Something that gives you
a real hard feedback.

That way you can't argue with it,
you know, it's, it's in the numbers.

You can see it.

And if, uh, I'm not going to say your
name, but the, you know, one of our

members saying they, they get anxious
about the demo trade and think about

what that's actually saying, what
that deep rooted fear or concern is.

You can't lose money on a demo.

You can't make money on a demo.

That's the reason why this
mentorship is built around that.

Number one, it preserves my protection.

Okay.

In the states because CFTC is really
high strung about these types of things.

And because we're in a scope of a demo.

You are protected.

You can't lose money.

You can't make money.

You're here to learn price action.

That's it.

If you're fearful about what your outcome
is going to be in a demo account, that

root cause of that is you are afraid that
you're not going to be able to do this.

And I'm telling you
that's a normal concern.

Everyone should fear that when
they first get in here, that's why

they need to learn how to trade.

But if you are fearful or you get anxious
about the market and you're in only

a demo, that's only a manifestation
of your fear of your ability to

learn how to do this effectively.

And that is easily overcome by just doing
the things that we do in the mentorship is

teaching yourself to be exposed to price
and seeing how many times these things pan

out over the course of every single week.

There's something out here every week.

But if you add more.

If you get in the marketplace and you
think because somebody on Twitter or

somebody on Periscope or somebody on
Facebook or YouTube says, you got to have

a little bit of skin in the race, you
gotta have a little bit of money on the

line, or it won't mean anything to you.

Well, that's a gambler's mentality
and there's no other way of

saying it, but just like that,
that's a gambler's mentality.

And I'm telling you gamblers don't last
long in this business, the ones that make

money and gambled, they are the ones that
made money quick and were smart enough

to never go back in again and think
about how many times that would happen.

Everyone's got a hot hand
get in there and push it.

And that's what we always hear.

This got me a lot of
money in the beginning.

It happened with me.

I got lucky in the beginning.

If I would have never learned how to
trade, I would've been a flash in the pan.

Boom, boom, a statistic,
just like everyone else.

I got lucky, but then
I couldn't make money.

Real money is a barrier to you learning.

You're not going to learn how to do
this by doing anything like that.

But I'm going to close this session here,
cause getting long-winded, um, I'll follow

along through the market today with, uh,
charts and I'll give you a recap as well.

Um, I'll be doing the mitigation video
tonight, um, and I'll be working on the

release for Saturday's video as well.

Um, and well, Andreas, if you're feeling
like you're not learning anything,

um, T just take inventory on what, uh,
what's been discussed so far since the

beginning of your exposure to my work.

And if you feel that you've not learned
anything, then I don't, I'm not sure.

I don't know.

I'm not sure how I could overcome.

But I'm going to close this one here,
which are all very pleasant weekend.

And I will get back with
you later on in recordings.

And I will post a link when the recording
for the, um, mitigating losses video.

And

it's a viewable format.

Is there on the forum.

Okay.

Until I'm talking to you next time,
which should be looking at the trading.