Original subtitles

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.