Original subtitles

Cat has let's go out one more time and zoom out.

Okay.

We're still in this really long, drawn out, uh, consolidation.

Um, it's maintaining its press on higher highs and higher lows.

And this is one of the times I'm actually going to talk about trendlines here today.

And it's something I don't normally talk about, but I want you to see when I look

at them and whites, whites, something of significance in certain times, if we look

at this right we're Watson price and it came prices going higher, yada yada, okay.

And we've taken out every little short term high.

The next area that I drew your attention to back months ago is

this sloppy little high up here.

And if you look at that,

that comes in here right here.

Now, if we use the bodies or the opening on this case, It's 1 30, 2 74.

We've already wiped that out.

Yeah.

We have a high of 33 0 7.

So we have a sense that cleaned that out over here, but ultimately, because

I'm I'm, um, I'm bullish on dollar.

I think that there, we're probably going to come back up in here and

close in this area right here.

Now, before I answer what this is, I'm going to ask you rhetorically.

What is this

liquidity void now?

What is, what is the candle that's up here?

The green one.

What is it's open to low,

fair value.

Very good.

Very good.

So, uh, we're looking for a potential run long-term dollar CAD,

2, 1 36, 80 to 1 36 90,

but we have to get back through this area over here.

Now we have this down candle right here that came down into

a bullshitter shorter block.

And it's also respecting the middle of this down candle here as well.

So what we're going to be watching is we want to see this down candle here.

We're going to measure it divided in half.

The fair value stuff will be more amplified.

I'm not going to teach it all here, but I'm just introducing a tease that we want

to give you the tutorial, the teachings tutorial, you'll say, oh yeah, that's what

he meant by that because it's in video.

I'm just giving him a lots of examples of it.

But the actual teaching of how to look for it every single

time that'll be in a tutorial.

Chris.

I say we have equilibrium in here now.

Here's the cool part.

Look at this up candle.

You're going to see this happening a lot.

This up candle right in here.

Look at, look at this candle is low 1 32 0 9.

That's exactly an equilibrium of the body of this down move

to see what's happened here.

Prices starting to go higher here.

Okay.

If this is a bullish candle with, it means lower.

Who buys when the market's going lower?

Exactly smart money.

The banks.

So as the market's dropping lower in price starts to move higher even

then, even if we anticipate, okay.

Even if we anticipate this being a bullish or block.

Okay.

Or then coming down into a previous order block.

Okay.

So if this is an older block here, right?

If that's an order, block and price comes down and hits that, what

should we expect on the next day, higher prices or lower prices.

And again, this is a daily chart, higher prices, but if we watch price go up, okay.

And it closes here on this next day here, and always price looks like this.

Let me get this off.

That's what your chart would look like the very next day after the board

block has trade too, right in here.

Here's my question to you.

If you are expecting this down candle to be an order block, and we are what

bullish on cat, we've been bullish on cat.

We've been calling it higher.

If that's

the very next day, we would expect bullishness as well.

I mean, if this is, if this is an a Bush or block and we traded down

into it here, institutional order flow should be drawing price higher.

Correct.

Now, if you are strong in your convictions about whether or not the market's going

to go higher or lower, and you look at the higher timeframe charts like this,

you can do close proximity entries.

That means that if you identified this area as a bullish or block,

this range is down candle.

If you define the middle of that candle, let's just say, we're just

going to rough eyeball it at 1 32 0 5.

And I don't know what the actual level was off the top of headbands.

We're going to say 1 32 0 5 was the middle of that.

Okay.

I'm just eyeballing it.

So 1 32 0 5.

Okay.

That's that's your area.

If we add five pips to that and that's, that's what we do.

We, we factor in a five PIP spread.

So if we're buying, we're adding five pips to whatever level we like, and we

add, I'm sorry, we subtract five pips from whatever level we want to sell.

And that way we have a really good chance of getting in.

Look at price does right here.

The low comes in at 1 32 0 9, 1 32 0 9.

So you would not have gotten your entry using the mean threshold in here, but

how, how rewarding would that be to watch how close it gets to it and not

even need the order block to be violated until it does it on this candle right

here, this up candle then goes above the down candle, which is the older block.

So, you know, there was real buying in here when this candle has been

consumed and violated and upside of it.

But look how cool that is.

It gets real close to it.

And many times you're going to see some, sometimes my entries want

a hard timeframe or four hours.

Well, give me an opportunity to get in like this.

In other words, normal expectation would be okay.

We're going to watch price trade away from that.

Well, if we're on a daily chart that could be hundreds of pips and weeks away.

Correct.

So if you're demanding only that condition, you're going to miss

other opportunities by using the higher timeframe, the higher

timeframe chart could be used.

Let me double check my time here.

We got it.

We got to go back.

Let's watch cat over here on the lower timeframe.

All right.

The numbers should be out in a minute or two.

Uh, we have the liquidity for Paul down over here, so they may run that.

So let's practice that

what's the resting below these lines.

No.

Yeah, you go, cell stops.

Very good.

The low lows is sell stops above highs or buy stops and Meredith

at market efficiency paradigm.

We have to look at the market as a market maker.

Where's the liquidity.

And what kind of liquidity is it?

So here's the question right now?

Price is at 1 30, 2 33, and we have a potential move down to 1 32 0 5.

Okay.

So is that enough of a range for a demo trade for practice?

Is it 40 pips?

Almost, there's not, it's gotta be 40 pips if you're going to do it the way I do it.

I like to look at a range of 40 pips, because even if I'm wrong

about where ultimately want to go, if it moves just a half of that,

it allows me to get 20 pips paid.

So this is one thing that we can just watch and observe.

Okay.

We know that there's, uh, there's numbers out.

Now we have a small little void in here.

Okay.

It might spike up there and then reach for the stops below here.

If it runs a little bit more, we would clear out.

I wish there was a way for me to take this little goober and put

on the left side of my chart.

I have to put it right at the top of what my price scales shown.

Okay.

All right.

So we have equal highs in here with another void as well.

So if we don't send it lower for these cell stops, when I watch and see what

they do above here, if they run that they may make a run to 30 to 80, not

necessarily 30 to 80, you can go up to a

32 78.

It goes 32 80, 38 would clear out these equal highs in closing

this void a little bit as well.

Well, that's a good thing.

Andrea says, uh, it can be frustrating because at this

point you can go either way.

And that's why we sit on the sidelines.

See the fact that you observed that is good, because if you don't think like

that, it's very easy to talk yourself into a trade idea and just jump in there.

Head first is here's the setup I'm going to get here and do it.

Uh, we stay on the sidelines until there's a setup.

If you look at the economic calendar, we've actually had a really weird

week news front wise, and there's nothing really that could drive

price extremely higher or lower.

So there's not, there's not a whole lot of effort, you know, like FMC,

there's been, uh, a lack of real.

Conviction on the part of investors and traders.

So, and the market makes a run on funds.

That's what that is.

They don't see us, the retail guys.

We don't, we don't even show up on the radar screen, but there has to be

money put to work on the fund level.

And if that's not there, then obviously there's going to be a lackluster week.

And that's where we're at.

It doesn't stay like this long.

A question I got is, so why do we wait for the staff to be taken out in a

setup first, before we look to enter?

Because knowing where the market's may reaching for, sometimes it's

not going to be that clear to you.

And just simply because we came off of a recent high on a daily

chart for CAD doesn't mean.

Direction.

This is absolute.

And you'll notice that all my setups are either coming back to a previous

range or it's a run on stops.

They're the, they're the only two things that occur for my setup.

Well, we wait for the, the trays to be perfect.

Okay.

In other words, in terms of setup the criteria, the more we have in our

favor, that's when we take a trade.

If it goes both, if it goes beyond 30 to 80, that would be very good for the daily

chart that would continue the upside.

Uh, the question is this.

If I was trading this live, where would I get in?

I wouldn't, there's nothing in this startup that has

me wanting to take a trade.

All I'm doing is observing where the liquidity pools

are and where the ranges are.

And you observe

if there was something I wanted to do, I would've did it.

There's nothing in here that I want to, I want to trade on.

All we're doing is observing and I'll re I'll tell you the reason why, why?

Okay.

Why, why aren't I interested in taking a trade?

Let's say that.

Would you like to know why I'm not interested in taking a trade?

Like what keeps me from saying, okay, it's going to do this or do that.

Okay.

What is my directional basis or, or where do I think the dollar is going?

Where's my, where's my underlying directional bias for higher timeframe.

I personally believe the dollar is going higher.

Correct.

Exactly.

So if I'm looking at the dollar CAD dollar CAD should see in sympathy, higher

prices as well, but because of the news, that's out right now, it's inventory

on crude, which is a direct commodity linked to Kony Canadian dollar or Canada.

And it's going to be manipulating its currency, just like the S and P

can mess with the Australian dollar.

The cruel Crudo market messes a lot of times with the dollar CAD market.

And sometimes it causes a little bit of a hiccup in price action.

And then ultimately it'll get back in sync with what the dollar is doing.

So if I believe that dollar is going higher and I believe that

the dollar cat is going higher.

Okay.

Um, we recently cleared out a level.

We have identified, you know, monthly.

With that old sloppy daily high.

And that's what we did here.

And we also pierced it a little bit.

Intraday here.

I want you to swing and we went lower.

We consolidated and we G we dropped down low here.

So I don't want to be a buyer here because I don't think we have the reins to do

anything with it today because we're late.

Um, I don't think that we're going to come back up here and clear

out the high performed in London because it's formed on a daily

chart violation of a previous high.

And it's, you know, the dollars in retracement as well as today.

It's too many things against it to be a buyer for my opinion, and

the downsides to limited to get enough range, to justify a short.

So what I learned in these conditions is if I wait to justify a really

low resistance by, on Canadian dollar, then that's what I'm willing.

I'm willing to wait for that.

Now I'll observe.

I'll observe the opportunities on the near term, teat myself, plugged into price and

be able to get close and feel what price is most likely wanting to do, because

that's, I hate to say it like that.

It is a knack type thing, but when you watch price enough, you get a feel for it.

And you know what it wants the most likely deal because we had the

consolidation in here and we have the initial dropdown going into the numbers.

The date, the daily range is already a barest day.

I don't suspect that we're going to see the high violated.

And while we have a little bit of a void in here, I don't necessarily

think that we're in a condition because of the dollar's weakness.

I don't think this is a goodbye cause otherwise let's say, uh, let's say

we punched down here right here at the, uh, at the release of the news.

Let's say it drove, dropped down immediately right down there.

That would have been an exercise to be a turtle soup.

And then look for a run on these equal highs and closing the void.

That would have been a scenario that I would be more inclined to do

not buying it down here or selling it up here because the sell it.

I'm like, then I'm against my underlying directional bias based on the higher

timeframe chart and the dollar.

And I understand that the dollar is probably just, um, experiencing

a retracement after showing strength the last couple of days.

That makes sense.

And you understand why I'm not inclined to jump in and just take a trade.

Exactly.

It's patients and believe me, it took me a long time to get it.

The, and I don't always exercise it either though, but the idea of just because

we're in the charts and looking at it and we can talk about specific moves.

I know some of you that are new, you're thinking, well, if I can

make 15 pips, let me make 15 pips.

And you're all welcome to do whatever you want.

Yeah, you do whatever you want to do.

I'm not here telling you what to do with your money.

I'm just telling you what I'm willing to do and what I'm not willing to do.

And because of the parameters that's been shown here, I'm

not really that excited you.

In fact, we could have just priced in the low ahead of the numbers and

say, we just come back up to here.

And then we consolidate going into the close how's that a trading

opportunity you're trading, you're trading your time for nothing.

Whereas right now we already have the news out.

It didn't take the stops above the equal highs yet, which is not good

because if it's going to run up there, it does it really quickly.

And it won't give those traders an opportunity to do anything about it.

Rob air, clear them and trade lower, or run up and close

the void and then trade lower.

Think about the market profiles that I gave you templates for.

Okay.

In a free, I think I did it.

We're not doing.

I did a video.

I can't remember what video it is off the top of my head, but it was

during all the free tutorial stuff.

And I gave specific conditions for a certain, uh, daily

template, daily templates.

What the, uh, what the daily range is usually a form elder

in terms of price action.

This one here.

Okay.

It could be a, you know, it's a run initially at London down

day, then go into consolidation.

So it's a London swing to consolidation day

and it doesn't make sense for that to be like that.

If it's going to be anything, it's going to be a consolidation and then swing

into New York or London close because of the crude oil inventory numbers.

That would make sense.

But because yeah, exactly.

London swing dizzy.

Basically it's a consolidation, same thing.

The, uh, but because it doesn't fit the criteria and we don't

have much time with day left.

It's not a profile I want to trade in because we've already seen the money

move already for the day from London.

So now we're in a consolidation.

This thing can only just tread water, going into the clothes and frustrates you.

Like it did me before I realized what I was doing.

So it's been, uh, a bit of a consolidation.

And I think, honestly, I think because of FMC and because of the

shock waves that came by way of the British pound this week, there's

a lot of money on the sidelines.

They're like, what the hell just happened?

We're all, we're all waiting for the next shoe to drop.

And when that happens, it puts money to sleep real fast.

It's a lullaby on large funds.

What we'll have to do is we have to sit and wait and the conditions will open up.

You know, you just gotta wait for the daily charts to get where they need to go

for another reactionary, a higher, low,

how would I trade the London open on this pair or Kat?

Well, obviously, I mean, it's all you, I didn't do anything with it and it's tough

to talk about it really wouldn't be all that in my opinion, that educational,

cause it'd be just like anything else.

You could look at the chart and know what I already teach

and justify all those things.

That's a good question.

Jacob says, what.

What do you consider when you have two liquidity voids back to back

like the, like the cable head?

Um, well, can you give me the timeframe you're talking about that

we have to pull it up on a chart?

Yeah.

Give me a timeframe.

Give me a chart.

15 minutes hour.

Give me a specific chart to look at and I'll answer your question.

15 minute cable.

Okay.

All right.

So, well, where's the other void at, because we have this one here.

I'm assuming you knew that one because we were just talking about,

but where's the contrarian liquidity.

This one here.

Well, we came down a little, this whole thing here was nobody's

doing anything with this.

You know, it was, I had already ran it's low.

It just took off and went lower.

The point is, is, um, I think your question is, is how to contend with

this and then this over here, like, how do you use this information?

Is it, is this beneficial to us when it's like this in close proximity?

Is that what you're asking?

It just doubles up the, uh, the, the likelihood of fair value.

In other words, we've seen price delivered on the downside, and then he came

quickly back through it again, over here.

So while we spent the majority of the time down.

It gapped to get down to that level quickly.

And then it gapped up away from this level down here.

So that's what I'm saying.

I think that they have accumulated longs down here and they will

permit a drop down, but then ultimately make a run above here.

That's what I personally believe they can do this too.

They can do, um, a run up clearly short term height, stop

it dead in its tracks there.

Then send it lower, take that low out.

And then ultimately come back up here and take that out again.

And then longer term go lower.

But to answer your question and not to sound like I'm sidetracking it,

um, when we have a, uh, a liquidity avoid going low and it closes in

this entire range in here, I mean,

More specifically this right there.

Notice how this candle stops at that low.

And then this candle opens here and trades down.

So I'm putting the, the, the range at this candle is low because

there's two candles that traded inside this little small space.

You understand that

why I'm using this whole shaded area in here because it's two

candles that get traded from that low, well, this candle up.

So I don't want to use that.

I want to use below that and up.

I'm sorry above this candles wicks high.

So we've identified which there are very little trading going

on because it happened in two passes quickly here and here.

This whole price range in here can be revisited again, contrary or

conversely, let's say it like this.

Um, if I would've saw price, come down lethargic and more up and down, up and

down, up and down as it went lower.

And then it created this here.

Then this entire range would be expected to close in, but because we

have this here, watch what happens.

I'm just going to borrow this.

Awesome.

Don't use in this low.

I'm sorry.

The high here to form a low end of the range, right in here on

identifying this whole area here.

So this is all fair value.

Still solve.

Fair value.

Price comes down into it.

Here runs away, comes right down into that candles high rate there.

The high comes in at 1 21 62.

This candles low comes in at 1 21 63.

We're one PIP away from it.

And it look at the work around that level.

We went down candle, which is a bullish blah it's violated here.

Price comes back down, look at the bodies, how their respect in that

level, this we've cleared fair value.

You spent all that time in here, filling it in.

Have we run aggressively from it?

Yes, it would be still, in my opinion, it's still avoid, even

though it's been passed through twice, it's done so with big ranges.

So it's going to want to close in that you think that's a, you think that's a strong,

willingness move away from that level?

I don't, I mean, I see it moving away from it, respecting it, but I don't see

a dynamic price surge away from that.

Now I don't see that at all.

And in fact, we've not shown any willingness to go higher yet.

It could.

I don't see it yet.

So to answer in complete terms, whenever price drops down through us, a range

of price in the range would be whatever this low is on this candle here.

Let me do it like this.

This is a range in price

that both,

I didn't want to do that.

So between this high and this low, um, again, I'm, I'm referencing this down

candles low in this up candles high, the two candles here or big ranges price did

not have a lot of time to trade through the 1 21 89 to 1 21 61 on the down move.

It did not have that much time to trade through 1 21 and one I'm sorry,

1 21 61 to 1 21 89 on the up move.

So we have a big range.

We're not really big.

It's only like 20 pips, 25 pips.

That's going to be offered as fair value.

They're going to want to come back down into that range and cane and give the

market more opportunity to trade there.

And you see that over here.

Ultimately they come down and closing it's void, but whenever you see back the back

areas of where prices runs through up, and it runs down through it again, you still

want to reference that area because it's going to want to come back to it later on.

How did I undo the mistake I did by deleting some hold down control

and tap the, you know, it'll like, I'm going to delete that.

If I hold down control and tabs eight, puts it back.

Okay, here we go.

Remember, what are we looking for?

What, what side of the liquidity, where were you looking?

Now why, why would I be more inclined to look for these down

here and not a run above the high?

What was priced in over here and what time of day

London?

Okay.

So we went into New York time period was new, York's open, higher or lower than the

trading session that was formed in London.

There's lowered to the daily bias in New York is what

direction for us cat going down.

So if it's going to be a down day, the easy thing to do is

look for where the cells stop.

Because the market's only going to go down to an area where there's

going to be willing participants to sell at a lower price.

Why do they want to aim for the lower prices below previous lows?

Because there's liquidities that are offered in the form of cell

stops, how the smart money use that

they buy it back from their sale.

Exactly.

They're pairing of orders.

That's a good question.

Let me bring that one up.

All right.

Has Ron says if the algo is responsible for price delivery, what is the

relationship to commercial players via cot commitment traders report?

Or is it.

That the commercial position themselves, knowing what the algo will do.

I'm not going to say that the commercial traders know what the algo is going to

do, because most people aren't even aware.

There's an algorithm that delivers price.

They think it's all supply and demand, or the fact that buying creates higher

prices or selling creates lower prices.

That's not the case at all.

Um, prices being manipulated and delivered by way of the central bank policy and what

they want to establish in terms of macro trend in between these reference points,

longterm, the bank operates on a model that facilitates free trade illusion.

Okay.

But in reality, what they're really doing is, is they're providing

liquidity, but there's a method behind it in what I'm teaching is not germane

to commitment traders or the traders that hold a reportable sizes that

would be referenced on those reports, completely isolated to different thing.

Completely distant from one another.

So don't think that that has anything to do with each other.

They don't, there is usefulness in the cot, but it doesn't have

anything to do with the algorithm.

My pleasure.

Um, could we have a trade idea to sell this turtle suit on only opening because

it's Thursday possible virtual day?

Um, I kind of want to refrain from talking about hindsight stuff because you're

in here learning, and I can show you charts like that, but I don't want to

talk about hindsight in live sessions.

I really want to talk about what's going to happen going forward.

That's why we're we're we're eight or eyeballing the cell stops.

We'll we're there.

That's that's the direction I called for that's the direction I think

it's going to go to, and I think if the level we're going to probably.

So talking about what happened in London is not as fruitful as watching what's

going to happen before it happens.

Uh, retail, I guess.

Good question.

Can a retail trader trades or a prime broker, or is that just for institutions?

Um, when, when you trade the, uh, a prime brokerage, um, you have to have millions

of dollars in a really good credit score and you have to have a good track record.

So eventually everyone that trades through it was eventually able

sometime the retail trader, no one just starts as a prime brokerage needed.

Dennis.

Don't let anybody through the doors.

Okay.

I'm not going to say your name, but you're going to go into who it is that said this.

Uh, Mike, I am taking too many stupid trades, please.

Okay, I'm going to refer you back to the first instruction.

Okay.

That means stop trading.

You should not be doing any trading right now, at least very

minimum the first six months.

And I know that's not going to be easy for some of you cause you want to make

money, but the whole prerequisite to this thing was that you don't trade.

You have to stop trading and learn.

The important thing is you want to be able to look at the charts very quickly.

This is how you know, you're ready to trade with Y funds.

And I'm not going to tell you when it's time for you to do it, but I'm

going to tell you how you'll know.

Okay.

So put this in your notes today.

Is it the takeaway?

Okay.

All of you are here to learn how to trade your own money.

You're not going to ask me what I think the market's going to do.

You're not going to be on Twitter, asking what everybody else with the

most Twitter followers thinks about gold or pork bellies, not to the only don't

trade them anymore, but you're not going to care about anybody else's opinion,

the way you know, you're going to be ready to trade your own funds is when

you're able to sit down in front of the charts and within minutes know exactly.

Is there something to trade?

If there is something to trade, what's the risk on that trade?

Okay.

That's the first thing you define now, can I take a trade with that risk?

Even if I know the market's going to go to a specific level, can I frame

a trade that makes sense logically with risk parameters outlined before

I even think about the money, if it doesn't give you good risk models.

But if you can quickly go into the marketplace on a given day, go

right in there and quickly discern, okay, there's an opportunity.

The risk is defined to this.

I can get a multiple of three or more preferably three or more at the end of

this mentorship, you're only looking at five to one setups only, and it

reduces your frequency of trade.

And that's going to go against what some of you all want to do.

You all want to trade every single day.

Sometimes you want to trade twice.

You want to trade money.

You want to trade New York.

Believe me, I know what that feels like.

I did the same stuff, but the way, you know, you graduate into

knowing when the tray would lie.

Funds is when you can consistently for at least three months consistently sit down

and observe the market and say, okay, I have a setup and then execute on it.

Either it pays out profitably on a demo, or it hits a stop that was reasonable.

And you, cause you're going to take losses.

It's going to happen.

You're going to see me take a loss.

It's going to happen.

So prepare yourself.

But your losses will be small and manageable, and they're not

going to undo your mental, mental state about what you're doing as a

trader, or you're going to discern.

There's nothing to do.

And you're consistently able to find setups that pay out with low risk

multiples of three or more in reward.

And you can do this for at least three months after you have discerned, what

type of trader you're going to be then, and only then contemplate put money

in then only not anybody else telling you that you're ready, because then

you'll know what it feels like to be consistent about what you're looking for.

And believe me, that's why we had the live sessions, the show that we can read where

prices most likely going to reach for.

And if you continuously program yourself to look at that every single

trading day, and you use a higher timeframe chart, then it will help

you get to that conclusion sooner.

And it's not a rush to get the live trading, but you want to know

that you're doing it systematically and methodically and not just

rushing to get in there and gain.

And the worst thing you could possibly do is get a groove on and

in getting in alignment with what we're expecting in charts and watch

them unfold and then say, okay, I need to help pay for this mentorship.

I need to, I need to, I need to get my $150 back, you know, cause if

that's weighing on you, you probably should've never signed up for this.

That's why I said, you've got to get a job, deliver pizza,

do whatever you gotta do.

There's no shame in that.

Do what you gotta do to get your education.

Once you get it, you can't forget it.

It doesn't mean I can't take it back from you once you learn this.

I can't say, well, you know, I'm sorry I taught you, you know,

can you work that back to me now?

It's yours.

Once you obtain it, you have it.

Yes.

Uh, the question is, is there a five, the one set up each week?

Absolutely.

Every single week.

They're the ones I load up on.

Wonder like my one shot one kill setups.

That's the, that's the primary focus of this mentorship, whether you're a day

trader or a position trader or not to take away is you won't need to be a day trader.

You won't need to do that, but you will be excellent at it.

You'll be able to do extremely, very, very well as a day trader,

which is crazy because most people will tell you that they trading.

Nobody makes money day trading.

And I laugh at that.

Even my mentor, Larry Williams.

And he says, you know, I've made a lot of my day trading, but I've never seen

anybody consistently be able to do it.

Well, we're doing it every single day.

You know, we're calling the market every single time we sit in the, in the charts,

we caught a specific level and we identify whether there's a real trade there or not.

Okay.

But long and short of it is you're not going to sit down

every single day and trade.

And to have that mindset in this mentorship, you're going against the

intended purpose of your education.

You're trying to learn how to trade when the quality setups are there.

Not how many trades you can prove he traded profitably.

It's much better.

To be able to sit and wait for a up that has so many things going for

it, then to sit there and say, well, I'm taking a trade today because

you know, I have time and I got time all week and I could be in London.

I can be in there.

You know?

No, the question was from, uh, from, uh, pre-charged Mopar, was

there a set or is there a set up five, the one each trading week?

And I said, yes, that's the context of the one shot one kill.

So anyway, the point is we're not trying to trade just for the sake of trading.

We're only putting our money at risk when it makes the most sense.

And we have velocity, you have to have velocity behind your money.

Otherwise it takes time for that money to come back to you to return back to a risk.

The majority of your time, your money will be in a risk plus state.

That means it's not at work and you're only putting it to

work when it's highly probable.

And that goes against what everyone else does and trading everyone else trades

every single day, or they're trying to force a trade because they have time,

their availability, their, their day off they've taken a day off or two, you know,

I'm, I'm, I've, I've slotted some time.

And Michael, I'm going to, I'm going to put some practice time in and I

expect to make some money trading, but that's not how this is going to work.

And that's all part of a myopic viewpoint that needs to graduate into a more

mature view on how the markets operate.

The market's not going to submit itself to your schedule.

It's not going to, you need to submit yourself to it schedule and

when price releases and it trades where we want it to go, it's going

to happen on its own timeframe.

It's not going to happen because you want it to, you have to study it and observe

it before it gets to the point, which.

It becomes second nature.

You won't think about it anymore.

It'll just, it'll just happen.

You won't force it.

You won't require anybody else to support your idea.

You won't ask me, Hey, I'm looking at this and you do, you think is a good trade.

If you're doing that or even think to do that, don't, don't do that because

you're actually stunting your growth.

You don't want me to help you, right.

When you're wanting to ask the question about, you know, is this a time to take

a trade that's when you're going to do your greatest learning, there you go.

Just happen again, right in front of you.

Now it's not a big move.

That's not a big move, but the fact that we're able to read where the market makers

will reprice to even on a small scale.

The only thing you're going to end up doing is taking these same

things and apply them to a longer term chart, an hourly chart, or a

four hour chart and a daily chart.

And you're gonna use all these specific criteria that I give you and we'll end up

fleshing it out into a specific flow chart where you'll do this at the beginning.

You'll have.

Okay.

Do I do this or do I do that?

If there's criteria isn't met, then you just go to the next stage, then

you watch the next decision point.

Okay.

Do I do anything here?

If there isn't anything to do you wait, if it kills the trade,

then you go back to square one.

You go back to the original decision.

Do I do anything?

If there's nothing to trade on, then you wait.

But each process, each individual process has its own reasons for being considered.

And it's binary it's either you do, or you don't.

And when you get to that thinking process where you're not requiring a whole lot in

parts of, you know, like for instance, if we had, um, the folks that are all still

in the free section area of my stuff, the people that never joined us mentorship,

if we could all get in a room to.

Okay.

And then we can all segregate ourselves.

Okay.

This is the one, this is side of the room that has the mentorship

and the other side, which will be the majority, the thousands that

didn't join, which I'm glad because I couldn't be able to deal with it.

Can you imagine if we would've had 6,000 people in here?

I would've blew my brains out.

I just would have done it.

It never would.

Would've I never would have been able to talk to you today.

That'd be a mess, but that's the same for a moment that we had 6,000

people on the other side of the room.

Okay.

And you've 800 people or own left side of the room.

Okay.

Now, if I was to ask you all, do I have a lot of things that I use when I trade the

people that are stuck in the mentorship?

Okay.

Right now we'll know that.

How many things are you seeing me talk about?

Like, when we talk about this move here, did I pull up a myriad

of things that I talk about in terms of the free mentorship?

What tool did I use?

Was there a Trinity used here?

Was there any pivotal.

I focused on price.

Action.

That's all.

That's all I did.

I gave you institutional order flow and where the market maker

is going to take price and why?

I don't believe it was going to go up.

I told you it was going to go down.

I explain it to you in, in, in as clear as I could, without

adding other things to it.

Now there's other things that you're going to learn to help me get to

that point and it'll help you too.

But eventually you won't need those things.

They're just going to be things in the way you want to be looking at price.

Okay.

So when you're in a mentorship, you're going to see that we will refer to all

those same tools that were shared in the free men, free membership stuff.

You know, all these free tutorials, we're going to reference those things,

but you're going to see that I'm not relying on that stuff every single day.

Like that traders checklist.

When you, when you went through the trading plan, You probably looked at

that chain checks checklist, and you're like, what the hell I got to do all this?

I'd rather just stick on a indicator and just let me, let me focus on that.

That's a lot of stuff, but you'd be surprised at checklists.

I did that whole entire checklist.

When I looked at the price action while I was talking to you, it just went through

the whole process of me thinking about it.

That's all I did.

I just went through all of those same things, same things, but I did it

in such a quick speed because I've been doing it for so long and that

same thing's going to happen for you.

So while there's a ton of information and there's a ton of tools and concepts

your brain, because you'll think like a flow chart, you'll go from one P one

position of decision or lack of decision.

Okay.

In other words, there has nothing to do.

You wait, if there's something to do, then you execute and

you move to the next stage.

Okay.

Do I take a tree?

Okay, well, where's the risk at if the risk is XYZ and it's beyond what your

normal, uh, uh, parameters are, then you go back to the original state.

You can't take any trade, but if it meets the risk criteria, then the

next stage is okay, where would my not my, where would my first target bait?

Cause cut.

Can I cut my risk in half at first target?

Because that's the goal.

So whatever you're risking on your trade, if you can't take first profit and reduce

the risk in half at that point, it's not a good trade and I don't give a shit

how far away the ultimate objective is.

If you can't take first profit and re remove half the risk off at

first profit, that's not a good.

Now there are, there's a checklist that I'm talking about here that is in the

trading plan, decision, train, panacea, trading, plan development, uh, module.

I have, uh, it's in my freezer, uh, free tutorials website.

I can tell you there's a lot of information on that.

Okay.

And you're welcome to go look at that and take a look at it and all that business.

Okay.

But the mentorship is a fast track all through that.

So you're welcome to go watch that one, but I'm just going to give you

an abbreviated view of it and applique application of it, because there's a

lot of things that are necessary, but as a new trader, it is necessary because

you need to think like that initially, but it's a lot of work, but I can

tell you about people that watched it.

They were thinking what the hell, that's a lot of stuff.

And it, it requires work and lazy makes no money in trading.

Write that in your book today and your notes later.

Makes zero money.

It doesn't happen.

So when you look at those things that I give you into in that trading plan

development, that checklist, that all happens in minutes, but it feels like,

I mean, I missed the trade by then, by going through all that checklist

by then, the market's already moved and it probably is if you're trading

on a one minute chart and that's why we don't trade on a one minute

chart, we use an executable timeframe.

15 minutes is a good trading timeframe for four day trade because it gives

you time to watch the setup pan out.

Um, I'm getting a million questions.

Can I have the checklist?

Now the checklist is mentioned in the, uh, train plan development,

but that's not the, that's not the mentorship, but flow flowchart thing.

You're going to get in August, 2017.

But it's meant as a new trader, how you should start thinking

on a basis of decision.

You know, when you look at a trade, it's too easy to say, okay, it's going up.

It's been going on for 150 pips.

I got to buy it now because it's going to go up now, at least another 900

pips, it's been going up a hundred.

So it has to go up another 900.

It can't retrace.

It's got to go straight up from here, so I'm going to buy it.

And that's what I did too.

As a nutrient, when I was trading tamales, I would watch these markets take off and I

would watch it keep going and keep going.

I'm like, man, I got to get in here and I would buy the high.

So the point is it's not necessary for you to be in here every single

trading day trading life funds.

In fact, I've already told several of you and you know who you are

that you're struggling because you're trying to force something to

happen just because you're in here.

Don't do that.

You're in here too.

Nobody goes into, uh, into the medical field to be a surgeon.

And when their first day of school, they don't place a scalpel in

their hands and say, Hey, look, Tom just fell asleep next to you.

See if you can do an appendectomy on him, see, see how long have

you get to see how fast you can get that done before he wakes up.

It doesn't work.

You can't do these types of things.

So you, you don't know what you're doing yet as a trader.

And just simply because you're in the same realm we're talking and we're

exchanging ideas and you're learning.

It doesn't mean that you're absolutely ready to go in and start taking trades.

And some of you are encountering that and you're not listening.

So please let me gently remind you again.

You're paying for me to teach you.

I have done this a long, long time.

I have taught people for last 12 years.

Okay.

That have learned a great deal of, of what you're learning.

Now.

I, I started teaching well, before I should have in the late nineties.

I didn't know as much as I thought I did.

Over the last 12 years, I can tell you, I have learned more about

the markets than any other time.

If you trust me enough to pay me money, trust me enough.

When I tell you, please don't trade don't because you're not going to help yourself.

You're not going to learn, and you're not going to take advantage of the time

we have together for the 12 months.

It's going to go by quickly.

It's going to go by quickly.

And if you waste it trying to make money rushing, you're going to

waste the wonderful opportunity, because I'm not doing this again.

It's not happening again.

So use this to your advantage, take the whole aspect of money out of it.

Don't worry about that money.

I'm telling you the money is easy to make once you know what you're

doing, and it comes very quickly and you don't need to risk a lot of it,

but some of you folks are just so.

Geared up.

You want to trade, okay.

And you have to do it.

Now.

You've got to get that $150 back.

You got to make money.

Now you feel like you're wasting your time.

You need to start thinking that way.

Believe me, I have your best intentions in mind.

If you trust me, then trust me.

You will, I will get you where you want to be at.

And you won't require me to handhold you anymore.

You won't look for anybody else to help you.

You'll be confident about what it is that you're going to do, but I have to take

you through a process that takes time.

And it's going to require you to listen to me.

And if you don't listen, it's not me not being able to teach you.

It's you not listening to the instructions.

And the first instruction was no trading.

You have to, you have to do this.

If you don't, you're going to waste your money and you're going to waste your time.

And that's a terrible feeling, especially when I'm going to be showing

you exactly what you should be doing.

So I'm going to close it.

Oh, cool.

I'm gonna close this session on that note.

And, uh, just to understand it, this, there is all the learning

that's ahead of you will happen.

It'll be it'll happen on its own, but you got to let me take you through it.

There's a process that you have to go through and then even if you don't

agree with it, trust me, you're on the outside looking in and I was

exactly where you are right now and what I thought I needed to know.

I didn't and what I needed to know.

I had no understanding about what it was.

I am on the inside and I'm telling you, my perspective is clear.

I don't, I don't need to worry about it anymore because I understand, I

understand how you feel, but trust me when I'm telling them, telling

you, relax, just relax and let this whole process take its course.

Even when I'm done delivering the content, I will be here for an entire month.

Every single.

And the whole, the whole time will be us spending the whole, the whole New

York session, the whole London session.

When I sit down with you, I will be there for hours and I will answer

anything that comes up and anything that comes up that entire month,

there won't be any more content.

It'll just be my time and answering everything that

comes up to me in question.

So trust me, I'm not going to leave you high and dry, even just simply

because I give you the content.

I'm not going to vanish to just settle down, just relax and let me do what I

promised I was going to do, but you have to hold your end of the bargain up to

that means don't trade with live funds.

Don't do it.

I don't want you doing things ahead of what was the intended course.

Don't do that because you're not going to learn as, as well as you would have.

You would just want to listen.

Is that fair enough?

Okay.

So before I close it, did, uh, did the dollar cab go right in where we were

talking to in regards to the stops,

did it close in that liquidity void up there at 32 80?

Did it come up in here and trade into that liquid, that bare shoulder

block in here, we went through it, but didn't come up into the area here

and then expansion, because where are we at in here?

When price was up until this point here price was where think like

the algo consolidation, right?

Consolidation.

What happens after consolidation expansion?

Where's it going to expand

to liquidity?

Once it gets that liquidity, then what's going to happen?

What can happen once it, once the expansion happens, what's the next

two phases that can only occur

the change in direction or a consolidation.

They're the only two things that can happen.

So once we get to a liquidity pool, we either expect it to retrace in

the form of a reversal or retracement or those in the consolidation.

Even if it's going to continue going lower, we anticipate that that's

the same thing that the album.

Okay, so I'm gonna close this wish you all very pleasant afternoon,

evening, morning, wherever you're at.

And I Dre I sincerely thank you for your patience.

And I apologize to those individuals that were uncomfortable over the last 24 hours.

Um, I got to get the folks out of here that are freeload and that's

all, that's all I'm trying to do.

So I hope you can appreciate that you're paying for it and

why should they get a free ride?

They, you know, they have the ability to pay for it as well.

So I will probably.

Probably send you some charts tonight through Twitter.

Um, I am exhausted admittedly though.

So I wanted to spend a little bit of time with you and give you

something to watch real time today.

So again, we have more, more exercise where we saw it happen today.

Not a ton of pips, not a million pips, but something that's measurable

that we can forecast that happens.

And because we're using lower timeframes, it gives me a lot

of bank examples to show you.

So I'm going to close.

It wish you very well.

And I'll check back with you on Twitter.

And I don't, I don't foresee any locking down on the forum going for,

I think I pretty much got that now.

Um, so yeah, I think, I think we're, I think we're the clear in that regard,

just as one more reminder for our close, the username and passwords you have right

now is the same one everyone's using.

Okay.

Don't share it.

Don't give it to people.

Okay.

Um, in November 1st, when you make your payment, I'm going to reply with when

your, when your payment is received.

The PayPal address, that's linked to PayPal, your email address.

I'm going to send you a request for your satisfaction on month

two and a resubmitting of your agreement to the terms of use

your agreement has to be on that.

And you have to show me that you're satisfied.

If you do not do that, I'm rejecting your payment and you're being removed

because we're going into on three.

It's a whole lot of setups.

There's a whole lot of actually getting in here and doing this stuff.

And I don't want anyone in here without having agreed to the terms

and without showing satisfaction in agreement that month, two and

month one was to your satisfaction.

And I already know some of you that are very cynical are gonna remind me, uh,

it was okay, but I didn't like the fact that I got locked out of that one day.

I already know that's coming.

Okay.

And it was intended to protect the content to preserve the integrity of the content.

So.

I can see you asking for the PDFs PDF files come in the way of tutorials.

Okay.

Those teaching tutorials, they all will have PDF files.

Okay.

So I'm going to close here.

Wish you all very well.

Thank you very much for your time.

Hope this was insightful until I talked to you again.

Good luck and good paper trading.