Original subtitles

It's in case it gets good.

We mentioned dollar earlier and there's an old high back here.

What's resting above this high

by stops liquidity.

Okay.

BS.

We've got to watch that, Ian.

I might not make misinterpret that.

All right.

So anyway, retail traders is going to see this as resistance, right?

They're going to say, okay, this is a part of the time where I

want to sell the marketplace.

When it hits this market expands through that runs through it to unload

longs that working laid down here, let's look at the dollar, right.

Lay into the cable.

Okay.

So we have what's down here,

cell stops.

Okay.

So we have dollar already running out the high.

If it can stay above the high, get down to a 15 minute timeframe, you

can stay above the high and get some kind of expansion going on.

We could see reception, reception.

Good grief.

What the hell am I talking about?

Because we could see sensitivity here as it returns back to fair value

and then make a run for the liquidity resting below these lows.

Now it's not much of a.

It's something to study.

If we have the dollar maintain its move above that old high.

So we're going to balance the two.

We're going to looking at the dollar, being willing.

If it is to stay above one above the, what is that?

96 30 level.

So it has to stay above 96, preferably 96.

Yeah.

It's two smaller the range and he'd stay above 96 30.

I wouldn't even want to see it return at all.

I'd like to see it just continue going higher.

Okay.

So you have sell stocks below here.

I've always had shot.

Now watch as a hits desk right in that level here.

And then you can go study.

Does it have a willingness to stay below the mid point of that candle?

That's up

now notice this candle here.

You see this candle.

See what, see what this candle has done.

Look at the high on this candle comes in at 1 27 70.

You see that

what's significant about that level, that high on this camp.

Very good, Darren.

Very good.

John, it's already traded to the mean threshold of this up candle.

See that it's already hit that once hit as a retrade came down.

Now it came back to the bottom of this candle.

Mine.

I don't know why my lines are so fricking thick.

The body of the candles here, the wikis down here in this

little area here, right in here.

What is this called?

I hinted at it in the previous session.

One more word to it.

You guys close?

One more word.

Add to that fair value gap.

The gap between the wick up to the body.

That's a fair value gap.

Okay.

Right in there.

You don't want to see it go through

1 27.

It's really like splitting hairs right now.

So it's not that big of a deal.

It's not that much.

1 27 69.

So look what we've had here.

We had the market creator range.

We were jawboning um, mark came up cleared this short-term high, which is nice

because it, now we do have a stop run and moved back to a bear shorter block.

So we have the stops on these.

Here are in jeopardy.

This movement here cleared this stop, and it also went into a bear shorter block.

No one thing against this is the time of day, but deposit is still relative

to the time of day is the fact that we have dollars still above the run-in when

it's old high, which I mean, to be the tired thing, timeframe is look at it.

So we've cleared this high out we're in, uh, an area where it could expand more.

If it's going to be good, it should already shown a nice little

reaction so far, not a lot of pips.

Okay.

But what we're doing is we're studying to see if it does have responsiveness at the

levels where we reasonably expect it to.

Here's a question for you.

Let's say this WIC creates a whole turnaround.

This cable goes bearish, or the next one opens up in two minutes.

It starts craning lower.

What would you expect to see once we get, if we do at all, if we

get below these equal lows, what would you expect to see in price?

Yeah.

If now think if we're expecting the dollar to hold on to its high and maybe even move

higher, if that's what we're expecting, what would you be expecting on the cable?

You want to see if it has willingness to go below 20 pips below this low, if

it moves below this low, more than 20 pips, what does that indicate expansion?

You're going to see price, not just probe liquidity.

Okay.

By running below an old area of equal lows or sell stocks would arrest,

it would be a significant, much more significant price men, which is what.

Leaning towards here because we've had the market go on the consolidation.

We've had a short-term high have violated that and acted as at

a previous bear shorter block.

So if it's going to be good, it won't need to come back up here.

If it does.

It's not good.

If it goes from here down.

It's good.

Here's a question for you.

Let's say you just turn your charts on right now.

Right now you turn it on.

Could you do anything

really?

I'm surprised.

You're so you're so, still very close to the aura block and you're

still inside the consolidation.

Why wouldn't, why wouldn't you, uh, consider that a trade?

Well, obviously you time of day that's that's, uh, an issue, but I'm saying

for an exercise while we're we're we're not looking at a live tree.

For exercise purposes.

Why wouldn't you reasonably expect to take this as a drill?

You know what side of the marketplace it's going to lean to

man alive.

That's 20 pips.

Okay.

So it's trading at 27 46.

And 27 20 essentially is the level lower than that.

So we got about 27 pips downside and about 22 pips on the upside as a stop.

So the question is, is where does it want to go?

Do you want, do you want to see price stay in this consolidation and go higher?

In what sense would that make or to go below these lows and discern whether or

not it wants to go farther and stronger or reject right there and then go higher.

What's dollar dealing right now.

It's holding firm.

Okay.

Still holding on to a tie beam.

This high here being broken above it.

Okay.

So what you're actually looking at here is when open float is building.

Now, we're only looking at liquidity on the 15 minute timeframe.

So it's not going to be an exorbitant amount of buying or selling

interest, but above this high and below these lows are liquidity.

No, we'll just have to work for that.

Okay.

Really, really, really drawn in tight on this.

Here's a question for you.

Time of day, we're entering Lennon close.

Okay.

We have one low to low and say it stops here.

Does that look like traditional daily range?

In other words, how often do you see daily ranges?

Intraday create the low that day?

So even if it's going to trade higher off, off the clothes,

I'm sorry into the clothes.

There's a strong likelihood that these loads down here will get snapped through.

Now, whether it has the willingness to continue going through that.

We don't know that because at the time of day, what we do know is

that the daily chart on cable, let me get a brand new one.

We're in new territory down here.

We took this lo out and we're expanding to see that.

So in reality, we have.

What's below us.

What's below us.

That's good.

That's a good one.

That's a good, so we're in new territory now.

Okay.

For, for bearishness on cable.

So if we're seeing the dollar again, it has to stay above the tie.

If it starts to come down, then we're going to retrace a little bit and probably

tomorrow be really, really good day

and here.

So have consolidation now watch and see if it wants to get up into this 1 27 69 area.

How far would you let this trade?

And when this candle, how, how much would you allow it to go up

to and still consider it a sell?

Okay.

You'd allow it to go.

My personal opinion.

If it gets to this, it's not good.

I wouldn't be allowing it to go up to the body of the candle,

the opening, I would permit that.

But I think it's, if it gets above that and goes into this level, I would

not be interested in selling it there.

Now here's another, uh, you don't ever hear me talk about

this, but we'll be teaching it.

There are times when, say for instance, this was a little bit

better in terms of time of day.

And we had, uh, all the conditions that we're describing here still intact.

In play, but we had more daily range available to us because right

now we're entering London close.

Not to say that we can't go can trade lower because London closing.

Cause we still have north American trading time or essentially till

like two o'clock in the afternoon.

But if, if it were to trade up to there, okay, one way you can trade

this on autopilot, you set and forget type thing is that you can place.

Once the trade is trading here, you could sell it on a stop at this candles.

Opening, someone works a bit traded up here.

You could sell on a stop.

I'll give it to you like this.

When I first started trading commodities, this is actually a house I traded.

I used, uh, I would sell on stops and buy on stops.

I would get into market when it was starting, moving in my favor.

So now managing say this trackers all, not trade, but say this

market trades up to the 1 27 69.

Say it trades there.

Okay.

We could put a stop.

The sell.

Want to stop at 1 27 47.

Now we don't have a long position.

Okay.

We don't have, we don't have a long position right now, but if price

were to trade up to that price point, if we put a sell stop here,

it's not protecting a long position.

What would that sell stop?

Do once price hits that

you would put you in a short position.

Now you can do, what's called a parent and contingent.

Okay parent and contingent order.

That means if the situation is this, if we go up to this level here, okay.

You can place an order that I want to be a seller down here at 1 27 47.

And if it fills me, want to stop, I want to use 1 27 69 as my

protective stop-loss on that short.

Do you understand what I've just said?

Good.

No.

Okay.

Reason why is okay.

Say it, say it goes up here and trays that level.

It could, it could go up there and hit it and then run rate lower.

But because I'm unwilling, I'm unwilling to sell it up here because if it gets

to this price point here, my belief is, this is probably not going to go down

this trading session, but I'm willing.

To revisit that idea of being a seller.

If it goes to that level, then trades back down to this candles low, or

the body of the candle, because think about what it would be doing.

It's going up here and then washing back out.

So if you're selling at that, that body's low.

Remember what I was talking about earlier in this morning session,

we're looking at the bodies of the candle that make these lows and highs.

So if it gets down to this level again, it's probably going to keep going lower.

Okay.

And look what we've defined.

That's not a bad stop-loss is it?

I mean, if you get short down here at 1 27 47 and you know what

your stock is going to be, because the order would be contingent on.

If you get filled on a stop bathroom, price hits here, you would place

this order in the marketplace.

You would say, okay, I want to buy, I'm sorry.

I'm going to sell at 1 27 47.

What apparent in contingent?

Which means if this order fills, then my order goes in as a buy stop,

protecting that short at 1 27 69.

So if price runs up here, if it goes back down here, you can be a seller.

And as soon as that sell stock gets activated, it places

your stop-loss at 1 27 69.

So my, my theory is this.

If it goes up to that level, I don't want to sell it there because I think

it could potentially go up out here.

But if it goes to that level, you can place a sell stop here, parent contingent.

And if it fills you on a sell stop, you're short, your stop

loss needs to be aware here.

And it's defined because if it goes back to that level, after coming

back down here, Dan, it's probably going to keep trading lower.

Is this a bad amount of risk in terms of pips, not dollar terms,

but is this a, this is a reasonable amount of pips to, um, to have.

It's 22 pips.

The idea is you're inside of the consolidation with the weight

of the direction, leaning on what side above us or below us.

So if we have the, the, the freedom to be trading a lot lower than we are now, okay.

I don't want to take this trade here because ultimately if it's

good, it shouldn't even go back to that mean threshold 1 27, 69

should not even be traded to.

So there's two conditions that we could have been operating in here as an

exercise one, you could be short now.

Okay.

You can be short now with a stop about eight pips above the main threats.

Looking for a move down the 27 19, or you wait and see if it trades up to 1 27 69.

If it does you sell on a stop at 1 27 47 and then you'd use 1

27 69 as your protective stop.

Uh, stop on the short both conditions would be looking for

1 27, 20 as downside objective.

Does that make sense

now, looking at the dollar, what happened here?

Was it able to hold them to, did it stay above the tie?

So now what does this indicate for Katie?

Does it have a willingness to go lower with this type of action on the dollar.

Now go back to cable.

What happens now?

If cable does go lower, what does this become?

Potential turtle suit or a false break below the low.

So that to weigh this, you have to be able to look at both markets

in contrast to one another.

I should have a split screen, but I didn't think I had, I saw it on a chart

when I closed the, the previous session with the folks that couldn't get in

line with, uh, with the mentorship.

And as I closed, I saw cable.

I said, oh, it's setting up something.

Let me get on it.

There's guerrilla warfare, uh, setups is jump out and you don't

even know when they're coming.

Yeah, it would have been, well, obviously, you know, it's going

to be the, uh, that's the trade of the day in London yet, but you are

getting a London clothes set up here.

If we can see dollar resume, it's moved back above the high and obviously expand

through this previous high that would give us freedom for this to trade a

lot lower than just this run of stops.

Given the condition that the is in right now.

It looks like a temp pit run.

The low, the low is an order on the cable.

If we see resuming of the dollar wanting to go higher, then we'll have to weigh

out whether or not there's any strength to get down to 20 pips below this low.

So given what we see in dollar there, it only looks like 10 pips is possible.

If we can run down, if we see movement on the dollar resuming higher, and

especially if we take out that high, did it meet here, then we have to

contend with what we do with cable.

Once we get down to 20 pips.

So if you have a drill on and you're short and you're testing

yourself, you're getting, you know, exercises in the price action.

If it gets down to 20 pips, you got to take something off.

If it gets down.

Uh, did I say to me, uh, if it goes down to 10 50, you got to take something off.

You definitely have to take another portion off at, uh, 20

pips and you leave something over.

To see if it wants to expand a lot lower, because this could just be the

middle point of the next new leg lower

so far.

It's one it's wanting to get back above it, but you have to see expansion.

And that's what makes these types of trades a little bit more difficult.

And that's why, if you looked in the free tutorial sections for,

for everyone, that's new, it introduced themselves to my stuff.

I kept you looking primarily in only in London, in New York session trades,

Menin closes a little bit tricky.

You got to have a lot more versatility for them to, uh, to pan out.

Adam says I'm not used to selling at the low that's what the drills do.

They desensitize you to things that you're not used to doing, or preparing

yourself, preparing yourself to do things that you're not accustomed to doing.

It forces you.

Just focus primarily on what price is telling you, because while the majority

of the daily range, okay, the majority of the daily range is seen between

4:00 AM and 10:00 AM, New York time.

I can tell you that very rarely do you see markets create a low intraday like this?

Especially during times when the market's moved into new territory

where it's open waters down here,

the typical low that you would see is like a V bottom or spike down

in quick rejection, away from it.

That's generally what you see as the daily low is formed or to daily.

Huh?

Um, and usually forms between 10 o'clock in the morning and 11 o'clock

in the morning, New York time.

But think about what you're seeing here, you're seeing the low, it runs down, it

comes back up, it runs one more time.

Lower comes back up.

Now we cleared some stops and we moved back into a bear shorter

block, and we saw some re uh, willingness to want to go lower.

We traded back into the bear shore block again here.

So that's what I'm saying.

It should not, if it's good, it should not go back up to 1 27 69.

It should at least try to probe below these lows.

And I'm personally thinking that if we did get that movement down here

and we see the dollar want to spread its wings a little bit higher, which

it doesn't want to show us now.

And again, the only thing against this is the time of day that's, that's the

hardest part about taking London closed setups, like say you haven't taken

a train the whole day, but there's a potential movement on a higher timeframe

that suggests a directional bias.

You can do that.

Uh, London close continuation traits.

In other words, it would be like the next leg, lower in price.

If we look at what we've seen here, we saw price retrace a

little bit and then expand lower.

Now we're consolidating.

The next level would be, uh, you know, basically seeing another movement like

this from this high projected down.

That's what I think is in play.

But if we lose ground on the dollar, okay, it's still flirting with that

high, which is, I would like to see that.

And I think it's primarily because of the time of day, if this would have been like

a New York set up where between say seven o'clock and eight 30 in the morning, New

York time, man, I'd be all over this.

I'd be short, like crazy and cable.

I'd be short, like nobody's business, but because of the time of day, why

am I telling you to do the drill?

Why am I telling you to get in here and do a demo account short here using these

parameters for stops and, and ideas.

Why am I telling you to do it is because I want you to feel.

The length of time, it requires you to be in the marketplace and

the lack of velocity in the trade.

And you couple that in contrast with it, the movement you'll see him

when we do live one and open drills.

And when we do New York open session trail drills, we're actually live trades.

You're done.

You'll see, there's a strong contrast between the two

you'll get immediate feedback.

You'll get, um, well, you'll get response to this immediately from

price, which is what you want to see.

If you see lethargic consolidation, which is expected here, because

we're in the consolidation.

What I'm trying to teach you is how the market will reach for liquidity

outside this consolidation and why it's more inclined to go lower because we've

already cleared a level of stops here.

I'm running up to this line.

And it also moved up into this top candle, private this down move.

We know what the up candle is.

It's smart money selling.

How do we know they sold their at the market?

Repriced lower bounce, a little bit, went lower again, created the short term high.

The market ran up clear that high out and in to an area where

it returned back to fair value.

Why is this fair value here?

Because they sold their once before the market's in an area where it can go lower.

The dollar showed a willingness to want to go higher, but has

yet to really do anything outside of get above its old high.

So it's a lot of balancing act that has to go on between

monitoring the dollar time of day

and look, the open float we have by stops above here.

We have cell stops about here.

If we get above 1 27 69, I think what's going to end up needing

to be seen is this boy will have to be closed in up to this low.

Okay.

So if we lose.

The 1 27 69.

Say we go through that.

We're going up to this body's candle.

We're here.

The open on that is 1 28 21.

Otherwise we're looking for lower 1 27, 21, 26 91, 26 90.

You heard me?

Right?

How do I see it?

The central bank of England, they send me text messages and

they're telling me earlier that a 1 26 90 is probably going to be,

you gotta, you gotta pay extra for that sweeter.

You gotta get the, yes, the premium ICT, uh, 200 feet.

Now my, my reasons for saying that level would be if we get expansion and

we take out the 1 27 20 level, it's probably gonna make a hard run down into

the 1 27 big figure, which is 1 27 0 0.

Okay.

If it's going to do that and we have all this free space below us on the

daily chart, it ain't going to stop generally just at the big figure, 1 27.

It's going to run through that to reach, to see if there's any more.

Participants that would love to sell even lower down here or to be buying on there.

And the reach for that liquidity down there would, would just make price,

obviously expand that much more.

And I'm not saying that would be the low either.

If it was the run really hard, you know, 1 26 90, wouldn't be the end of it.

I mean, there's a lot of space down here.

I can see your question, Paul.

I just maybe not have seen it when you did it.

Cause I'm looking at the actual chart.

I'm occasionally looking over and seeing things that may have missed it.

When you went, what was your question?

Man alive.

I feel like someone's sitting in my freaking place smothering me.

Do I include wicks in swing highs and swing lows?

Um, what you're going to be using them in a couple different

exercises and studies, but I'm going to take you away from the Wix.

A lot of the times, and focus primarily on the bodies of the candles for

specific reasons and specific criteria.

There are certain times where the wicks are necessary and that's when

you're dealing with the order block.

Um, if it's returning back to an up candle, the wick below that candle,

like we would decide line here.

The wickedness instance it's is, is important because we're, we're managing.

The range between the low up to the body that creates a fair value gap.

There's going to be a willingness to want to see price go up into that level.

Many times it'll stop, just rate that low.

Okay.

And that's all you need.

But when I'm looking at swing highs, you're going to look at every reference

point on there's three candles, the opening, the close, the low, and the

high on every one of those three candles.

So you're looking at 12 points of reference, and I'm going to teach you

what those 12 points actually give you.

There's a lot of insight that comes by way of studying them.

And when price does certain things around these particular levels, whether it be a

swing higher swing low is very consistent, but I can't teach everything obviously in

one session, but I'm getting you there.

Just, just hang in there.

I would not want to buy it.

No, I wouldn't want to buy cable here.

Even if it went above 1 27, 69, I wouldn't be interested.

All right, watch this candle here.

Got a new 15 minute candle open.

We get down below the body of the candle here.

Let's see what we do.

Now.

I can tell you when I first started trading and I was looking at intraday

price action for the S and P oh man.

It's a hard stories here.

The lows like this.

Okay.

I would be many times selling once it went below.

Because I learned from Ken Robertson, you know, that, that

was my introduction to trading.

Um, if it breaks a support level, what does it mean as a retail person?

It's going to go lower.

Okay.

Well, not always.

And if I could show you and I really wish I could, if I could show you what

I was doing back then in the early days as a trader, I did everything

the worst possible scenario, the worst possible scenario, man.

And it's uncanny how it was exactly where I, if I just sort of did the opposite,

I would have been a perfect trader.

I was a perfect loser.

I was getting in at the most inopportune time with the highest

leverage I could put on there.

And it would immediately go the opposite direction.

As soon as I got in there,

I had no idea.

That liquidity was an issue.

Um, how markets are drawn because of price, you know, none of that stuff made

any sense to me, you know, outside of a trendline, a stochastic and a Mac D

you know, Williams percent percentile.

That's what I had all over my chart in a 50 day, moving average

or 50 period moving average.

That's all I was using.

And when it was a bullish market, man, it was easy to,

you know, to be buying on that.

But it wasn't always a bull market.

It went to a bear market.

Um, well it takes a lot of unlearning Andreas that, uh,

I'm in agreement with you.

I get a lot of resistance from folks and I think it's on my

free forum in that medium.

I'm very arrogant, very pompous.

And I do that to entertain my son.

Um, I try to refrain from doing it here because it's not necessary or even

welcomed, but I think it's the fact that I'm arrogant and braggadocious about

everything over in that free form section that debt, this turns off people today.

Think it's no validity behind it.

Yeah.

That's all it is.

I could care less really, you know, ultimately who likes me, but if they

just look past me and just study the material, you know what I mean?

It's there, they can't deny it.

If you put your nose in the charts and study it's there.

Yep.

Uh, Gaddy, that's essentially what I had to do.

Um, that's what I'm saying for folks that just started with this

as their only medium in trading, you have such a wonderful advantage.

And everyone else that's ever been trading for a while because we've already

been infected with stuff that is bad.

You know, we're, you know, we have all kinds of things in our head that were

given to us by people that aren't really looking out for our best interests in

terms of making money, they just sell something that looked like it makes

sense in the charts, but they have no way of being able to forecast it and

use it going ahead, going forward.

So if you don't have this preconceived notions about what price should do because

of a retail minded idea, and you're just now learning this type of a study or these

acne, these exercises and, and view on the marketplace, you actually have the

best advantage that any trader out there could have, because you're not already

infected with these ideas that don't work.

And if they worked, believe me, the statistics wouldn't suggest that

trading puts people in their, uh, you know, financial graveyard within 90

days, many times in the first 30 days.

And many of you understand what that means by that, because you have, you have

all these things you have to unlearn.

And I had to do that same thing.

And some of them were very hard lessons to unlearn.

You know, I had put Larry Williams on a pedestal and I'm not trying

to be disrespectful to them at all.

I'm not saying that to imply that I'm not appreciative of what he contributed to

my development, but I'm telling you this initially, I thought the man did no wrong

and whatever he said, that was the gospel.

And I would get in arguments with my uncle because initially, you know,

we, we tried to work together in terms of, you know, supporting one another.

And then because of our contrasting personalities and in mind, obviously

being what it is, you know, I I'm like an alpha, I won't let

anybody else tell me what I should.

And when I submitted that only Larry Williams could tell

me what I should be doing.

When I started seeing his things fail.

It was very hard to take that it doesn't make him what is going on here.

I have to be doing something wrong.

No, it just didn't work.

And you convince yourself that you have to hold onto these ideas.

And if you're new and you've never been subjected to the other disciplines of

trading, you don't have that problem.

You are a Virgin mind and that's beautiful.

You're not, you're not corrupted with all the stuff that's

going to have to be forgotten.

And everyone that's traded for a while has all these things to work through.

You know what I'm saying?

So you are at an advantage.

And in fact, those individuals that came into this with no understanding about

price action, I mean, this sincerely you have the ability to be a better trader

than me and blow way beyond what I.

Well beyond me.

And I mean that it's not a sales pitch.

You've already paid me.

Okay.

Bottom line is, is I personally believe that every individual out there that

does not have all the retail crap and they've come into our fold, if you will.

And they're learning this as their introduction to price action,

man, you are such, I envy you.

I absolutely envy you because I wish I could have started with this

is I could have avoided all kinds of pain, lots of money being lost.

And as long as short of it is, you know, you're going to be a much, much

better trader than you would have been.

If you would have been exposed to the infectious disease that is retail.

I wouldn't answer that question, Christian.

And I would be, I'm not going to, yeah, I honor.

Everyone's anonymity here.

I would never tell anybody.

They're a part of my mentorship.

You wouldn't, you wouldn't want me talking about you either and sharing

that information with someone else, if you wanted to be anonymous too.

Yeah.

When we get pho, yeah.

I will talk about commodities and bonds and all the other things with the stock

stuff in the last couple of months, it'll be like a hodgepodge of everything, how

it all fits together, because there is a, there's a tie between all, all those

asset classes that really build up your, uh, your ability to forecast some things.

Eurodollar, I'm sorry.

A panel is not done and still wants to go higher.

That's a good question, Rami.

Um, he says, why, you know, why wouldn't we wait for higher prices

and to fill in that liquidity void, number one of this liquidity void

here, doesn't have to fill right away.

And if you think about market maker, sell profiles and market maker by profile.

When you see that initial run-up in the market maker, cell profile,

that void stays there for a while.

Doesn't it?

So you have to allow time to unfold until it reaches a higher level of

timeframe, support, or resistance level.

Then it calls it that market maker cell profile to put in its

smart money reversal, then a low risk sell, then redistribution.

Then one more redistribution to clear out the original by point, because we don't

necessarily see the conditions here that would support a market maker by profile

because of the formation of this low.

Here, we have a low here.

We have a low here and we're just flirting around.

All we're doing is crouching right above the liquidity.

That's going to be ran out here.

This is a matter, I mean, it's, it's frustrating me cause I

thought it would already be done.

Now I can close this video up and say, there's one more exercise that you

got under your belt, but it's just Hammond and, and back and forth there.

Uh, that's a good question on what's.

What fills faster liquidity voids or clean lows or highs the speed at which, or I

guess what you're asking is the velocity.

Okay.

And that's what we're gonna talk a lot about velocity as well.

Uh, the velocity in price action is much more quicker.

The speed aspect of, of price movement, getting to equal

lows or equal highs to run.

Those out is much stronger and faster than coming back all the way through here.

Cause think about what we're doing.

We're we're we identified this as a void and it is, it's absolutely there, but

it doesn't go all the way through all this high, high, this high here, just

to close that in and then, and go lower.

It doesn't need to be.

Because we went down into new territory and we've already returned back to those

levels relative to the daily chart.

So while that is a void, the hardest part for you to learn is

allowing some of them to stay in your chart for a little bit of time.

Now, when does it become influential?

When this high's violated, let's say let's play devil's advocate for a moment.

Say for whatever goofy reason, the market doesn't want to go lower here.

And it does run up higher and takes this high out.

What would we, what would we be doing with that information?

Well, here's one thing it could go right on through that and

closing the void up to that level.

We talked about over here.

Okay.

Or it could go up a little bit and then trade back down into whatever

down candle it looks like if this was a bullish candle and went up higher,

it would be this down candle here.

So if you go up here, then come back down, hit that as a bullet bar and

then run up and close that void.

That would be the scenario how I would use it or expect it.

But given the, uh, the criteria that we see in price action right now,

it's not likely everything is more slanted that it wants to take out.

These cell stops.

Think about the triggers that are long right now.

I mean, that's the other thing you need to be doing is role-playing, you

know, if you're long and you have your stop right there below a 27 40, you

stops down here, you, for whatever reason you thought this was long.

I mean, are you excited right now?

And that's your long position

you're printing.

You broke out your prayer.

I can tell you, I've been, I have been in this situation so many times, and this

was the most amazing lesson for me to learn how to avoid all that type of stuff.

These, these trades right here, like I would be long in this condition right

now and I'd be looking at it and, and I literally would be cussing and screaming

and I have literally broken at least 20 monitor screens on this setup right here.

Cause I would be long.

Okay.

I would be long and I'd see, sit there and watch.

Okay.

Okay.

It's not going to go down there.

It's just going to come real close to this low and it won't, it won't hit my stuff.

I'm going.

I'm going to be okay.

I'm just worried about nothing.

That's stupid.

That's stupid.

And I literally would watch it hit my stop and immediately my right

fist would go through the monitor screen, crack it now take it.

And, um, well I only did this one time.

I pitched it out my office window and my, of course my wife didn't

take too kindly to that because I had to put plastic on the window.

I'm not a handyman.

So I had to wait for somebody to come the next day to fix it.

And she was like, someone's gotta climb our window.

Nobody's gonna climb on our window.

But I, I was not able to weather that 20 inches 20 in spring.

All right.

So now watch the price action.

We're getting close to that.

Run only stops.

Now we're just going to extend this line out just a little bit.

Again, this is tip, this is 10 pips below the low.

The next grade would be 20 pips down here at 1 27, $19 gaining ground

again, again, to make it good.

It's got to wipe out that high and we've got to get below 20 pips

here, and then we can see 1 26 90,

a lot of the new folks that just signed up.

Uh, they, and I'm thankful you gave me your feedback.

So I appreciate that.

But, uh, the first response was, you know, I want to see live trades.

I want to see more live trades and you're not going to be able

to go through this mentorship.

If I fill every single trading day with just the live trading

sessions only with a live trade.

It won't, it won't.

Because number one, you're going to have to listen to all

the stuff you're hearing me.

Now, look, what's going on.

Price is unfolding.

It's moving around, but it's not moving to a time limit

that is favorable for a video.

It takes a lot of time, lots of time.

So my aim is to teach you what these things look like conceptually in the first

three months, then in the fourth month.

Okay.

It's all just me giving you the setups before it happens.

And I manage them through Twitter.

I am not going to stay on here for five hours.

Okay.

Through London and then take a break and then come back here for

three hours for the one New York session that's not going to happen.

There's no way I could do that no way.

And you would never be able to keep up with the content, you know,

especially for the folks that have to watch the videos after the fact,

because they have their businesses or their jobs, that's not going to work.

So you're going to need to know these things, conceptually that way, you know

why I'm doing it, why it makes sense to do the trade and then you can monitor.

Exactly Jackie you're you're, you're here to learn how to do it yourself.

Believe me, you're going to see many opportunities over the next couple of

months that you'll get your tuition back.

If you just listen.

And I'm not going to say anything more than that,

but the first couple of months is intended to weed out those individuals

that just hear it for signals.

And if you're new, go back, go back and look at all the

videos on a day-by-day basis.

We were talking about moves every single trading day.

It's not important that you watch me take the trade.

It's important that you understand that we can call the moose before

the fact, because it's not important because the timing aspect is easy.

That's easy getting into the easy part, knowing where the

market's going to go next.

That's the hard part.

All right now, does the market make a low like this?

Now I can tell you there was so many trades in my 20 plus years.

Okay.

I can tell you there was dozens of them.

I would still hold onto hope thinking that am I stop was okay.

Yeah, I'm going to be okay.

I wouldn't be able, my wife wouldn't be able to talk to me.

My kids were trying to come on, dad.

I gotta watch this.

I gotta make sure I'm I'm going to get stopped.

Yeah.

What was I doing?

Looking at the screen like that was going to stop price from going down there.

That was Allison.

I was thinking if I look at this and wish hard enough, it

just won't, it won't happen.

It's crazy what we think.

Isn't it?

Yeah.

You start looking at, okay.

Um, this is when I, uh, was using trendlines, I would say,

okay, they're going to, they're going to find some support.

I would look and scour the charts and find two points at which I could

draw a line to justify why it should bounce and never go down to my level.

It's crazy.

Yeah, that's a good one.

Robert says switch to a chart that makes my, uh, makes my outlook lineup.

Yeah, that's one way of doing it.

Oh man.

Unfortunately I allowed, um, the markets to consume a great deal of my life.

Even when I was making a lot of money, it consumed a great deal of my

personal life and my relationships.

So if you can learn to avoid doing all those things by just focusing

primarily when the market's really favorable to trade, you can obviously

give yourself a wonderful life.

You don't have to be rich either.

I mean, if you just replaced what you make as your job right now, and you

live the comfortable life like that, and you can consistently make money.

That to me is that's, that's happiness, that's balanced, you know?

And then once you finish your role as a, as a parent, then you can push

it hard and it doesn't take long.

If you're not.

It does not take long to push your money quick and enroll it up fast.

Uh, how do I distinguish the difference between an impulse move that you

want to trade with the direction after pullback and a large move that

you would trade back into a range?

Uh, that's all gonna.

Talk when we specifically deal with institutional overflow and intermediate

term reaction, highs and lows, that sets the framework for that.

The easiest way of answering that is once you understand what draws price to

one side of the marketplace, in other words, directional bias, the thing

that everybody wants to know, okay, you have to learn a couple of different

things to make that discernible.

No, you're not going to, you're not going to be able to look at it.

Look at a chart or one tutorial video.

Okay.

And walk away with, okay, now I know how to do directional bias.

Now I know how to call the directional move.

Uh, the primary focus for that and distinguishing what impulse price swing.

And when you're going to trade inside of a previous range.

In other words, this could be viewed as an impulse price swing.

Correct?

Right, Robert, I mean, is this not a impulse.

Right, but what did we outline yesterday with the trade, but not the trade,

but with the chart relative to the British pound, us state, the liquidity

pools that were arresting below the marketplace indicate what on that.

And again, it was a daily chart indicates what direction

we are looking for lower prices.

So if we're looking for lower prices and we see these big sudden movements

like this, we understand that during a rush to take price down to those lower

levels, relative to the daily chart.

Since we understand that the direction is being driven solely on the daily

chart, the smaller 15 minute voids don't have to fill in right away.

So what you're going to do is, is you're going to look for.

Time of day where it makes sense to look for the impulse price swings

like this one in here, this is London.

Then you have another one here in New York.

You have another one in here.

I'm sorry, this is London lunch.

Then you have another one in New York here.

So we have specific times of the day that you look for

these legs to trade back into.

We're going to give you very specific details about daily range engineering

and how that helps you with your position trading on a long-term swing basis or

short-term trading or even day trading.

But the time of day is very influential in terms of what you're looking for.

Once you see it, once you see how it works.

It's very easy to go in and say, okay, well, I'm not going to trade here yet.

I'm going to wait until this price leg moves in this direction.

Or if price expands down, I'll wait until it gets back up into a specific

price level or I'll sell into it.

You'll, it'll make sense of what you're looking for.

Look at that

super long.

Notice the cable didn't really run up.

Think about that.

Look at the dog.

Came down like crazy

Euro popped.

What did we say Europan was going to do

tire.

There you go.

I told you a couple minutes ago during this presentation that

the Euro pound would go higher

dollar softer cable,

not wanting to go higher.

Would that dollar surge like that lower you should've saw cable stream

higher and once they sell stops, if it's going to do it, it's going

to take their cell stops first.

You can't teach this lesson in static charts.

I can't teach it to you in Twitter.

You know, looking at tweets, it has to be seen and explain live.

Otherwise you'll know you'll, you'll come away with it with no understanding

or it'll look like hindsight

there.

One another monitor.

Okay.

I'd spend the rest of the day.

Not talking to my wife.

She'd be mad at me.

Haven't you made enough money.

You'd stop.

Yep.

So the dollar came down, retreated back to an old high what's this in here.

What is this right in here?

Void

Euro pound Rowan higher.

Like we said,

where are we at here?

Stops.

Taken out below the, uh, the Lowe's cable.

Still didn't punch down there.

We might get it.

Now.

I was going to say it didn't even take the 10 pips the little bit.

We're probably going to get it now.

The lessons that you're going to have trouble with.

And I'm gonna tell you where you're going to have the most

difficulty with this mentorship.

The hardest ones you're going to have is when the market is not symmetrical.

And when the crosses are being controlled, like the Euro pound, when Euro pound

is being manipulated, you're going to struggle with that because you're

going to expect cable and fiber to be always in sync with one another.

And it's going to screw you up.

And that's the hardest lesson.

And I'm going to tell you up front, that's where you're going to do the

majority of your staff, your study.

Once you understand what situations and conditions drive those, you'll be a

lot better trader, but understand this.

That's going to be very difficult for you.

Now, if you did your exercise, you should be taking something off

right now and whatever your entry would be, then you go to the break.

Even on the time of day like this, you don't want to see

anything turn around, back on you.

Did anybody take the exercise?

Good.

You're all asking as the new people that just came in.

And I think a couple of the ones that started in August, not many, it's not

many of them, but some of them are like, Hey, look, you know, I want to

see live trait and you will, you will absolutely see it, but I need to show

you the mechanics behind what makes these moves trades otherwise there's

no, you're just going to be reacting to me telling you what I'm doing and

you're not learning anything from that.

So by looking at price understanding before.

The moves take place.

If we can't, if we can't outline the market moves before they

happen, there's no way I'm going to have trades that make money.

I mean, can't, we all agree with that.

I mean, forget the fact that, uh, you know, we're operating in a demo account,

I'm teaching through a capacity of a demo account, but if I can't explain

to you why the moves are going to take place before they happen, it's fair to

say that there's no way that I would be making any positive trades at all.

And you're not here to watch me trade you're here to learn how to interpret

price action, and then do your own trades.

So if you're new and you, and you're feeling rushed because you want to need to

recoup the cost that you're spending, just understand, there's a, there's a small

little growth period that you got to go.

It's not long.

I'm not going to drag you across the 19, well, 19 at 19, but nine months at the

12 months without CME actually operate.

But you need to understand why I'm doing what I do, why it makes sense.

And there's going to be times where I'm going to tell you to do something

in advance and unexplained, why it's not a good thing to do, but we need

to see it and be a part of the moves that way when you get into trades and

it starts exhibiting these types of things, you'll know that you got to cut

bait, just cut your, cut your losses, or cut your trade off immediately.

And it will help you preserve your capital, which is the

number one rule in trading.

Not making money.

It's preservation of capital, because there's always new trading setups.

Now here's something that we watching.

Okay.

We cleared the lows.

We came back up and now watch what's this.

We want to see if it has a willingness to stay below or have a willingness

to not want to get through that.

Now again, the bodies of these two green candles about midway

point it's about right here.

So it could move as far as what is that

good grief.

Why I grab that?

Um, it can go up to 1 27, 53.

You can touch that and still roll it down lower, or it could be

making the low of the day here.

But if you were short, say you were managing a short from back here, you

should be taking something off, down here.

Like we just discussed.

We've already seen a bike.

Look at the bodies of the candles in here.

What did this, what did the two bodies of the candles respect

10 PIP level, right?

So it worked down through it and it's going to gather anybody would

have stopped lost 10 pips below these equal lows that algo does this.

Every single trading day, it's sweeps, 10 pips or 20 pips.

There's two grades.

It reaches for 10 pips or 20 pips.

The bodies of the candles where the bulk of the volume is, but the

SWIC is where the protraction in market action and price delivery

that is reaching for the liquidity.

But the bulk of the volume is seen in the buyers of the candle.

So yes, we breached these two lows with the bodies, but it

whipped down through guarantee.

And at the temp PIP guys below these lows, They're gone.

No, just because we're saying this does not equate to it's a buy.

It just means that the lowest days probably forming

and it would be no good now.

So if you're short on the day, you'd have to collapse your short

now and lock in whatever you have.

All right, folks.

Well, again, one more, uh, one more trading opportunity outlined in given a

lot more, a lot more time than I think.

Uh, I don't know.

I'll leave it up to you to decide whether or not that was a economical

use of your time, but you can see what we were outlining, what price

should do relative to the dollar.

Even though the dollar collapsed and Euro popped, we called Euro pound higher.

You saw that happen here, dollar collapsed, but we did not change

gears on our outlook on cable.

We knew that the stocks are going to be sold right in here and we got it.

So again, not a barn burner move, not retire from your job

type of event, but these are the building blocks that take you to

understanding the trades that we take.

Well, you'll see me doing what I'm doing, because the last thing I

want to do is put a trade on and have 300 of you asking, well, why

aren't you looking at this candle?

You understand?

There's no way I'm going to be able to focus on the trade.

If I have 300 or plus of you asking for something that would have

been explained in the first couple months of me just doing modular

approaches to what did I trade?

All right, folks, I'm going to close it here.

I need to get some medicine to me.

The, uh, the recap will be on, uh, we'll, this'll be the recap

and there will be any recap.

I'm done.

I'm done videos for the day.

We did two of them.

So I want I'll set the recordings up and then I'll put them on the,

uh, Now tweet on once it's viewable.

Was she a good afternoon pleasant afternoon?

And we will be back again tomorrow around I think tomorrow

we'll do seven 30 New York time.

And then we'll see if we got anything.

We can do a real time off.

I I'll satisfy the new people's, um, desire just to, just to appease them

because they didn't get a chance to see, you know, 20 days of daily exercise.

All right.

Have yourself a good one.

Good luck.

Good trading.