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Cat has let's go out one
more time and zoom out.
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Okay.
3
00:00:07,340 --> 00:00:11,390
We're still in this really long,
drawn out, uh, consolidation.
4
00:00:11,810 --> 00:00:15,710
Um, it's maintaining its press
on higher highs and higher lows.
5
00:00:16,190 --> 00:00:21,580
And this is one of the times I'm actually
going to talk about trendlines here today.
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And it's something I don't normally talk
about, but I want you to see when I look
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at them and whites, whites, something of
significance in certain times, if we look
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at this right we're Watson price and it
came prices going higher, yada yada, okay.
9
00:00:37,300 --> 00:00:40,840
And we've taken out every
little short term high.
10
00:00:41,740 --> 00:00:45,970
The next area that I drew your
attention to back months ago is
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00:00:45,970 --> 00:00:48,070
this sloppy little high up here.
12
00:00:49,210 --> 00:00:50,140
And if you look at that,
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00:00:54,190 --> 00:00:55,990
that comes in here right here.
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Now, if we use the bodies or the
opening on this case, It's 1 30, 2 74.
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00:01:01,430 --> 00:01:02,599
We've already wiped that out.
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Yeah.
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We have a high of 33 0 7.
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So we have a sense that cleaned that
out over here, but ultimately, because
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I'm I'm, um, I'm bullish on dollar.
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I think that there, we're probably
going to come back up in here and
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close in this area right here.
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Now, before I answer what this is,
I'm going to ask you rhetorically.
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What is this
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00:01:35,949 --> 00:01:37,150
liquidity void now?
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What is, what is the
candle that's up here?
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The green one.
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What is it's open to low,
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fair value.
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Very good.
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Very good.
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00:01:54,720 --> 00:01:59,310
So, uh, we're looking for a
potential run long-term dollar CAD,
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00:02:03,640 --> 00:02:06,970
2, 1 36, 80 to 1 36 90,
33
00:02:11,710 --> 00:02:14,110
but we have to get back
through this area over here.
34
00:02:16,140 --> 00:02:21,240
Now we have this down candle
right here that came down into
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00:02:21,240 --> 00:02:22,110
a bullshitter shorter block.
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00:02:22,800 --> 00:02:25,740
And it's also respecting the middle
of this down candle here as well.
37
00:02:26,310 --> 00:02:30,300
So what we're going to be watching is
we want to see this down candle here.
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00:02:30,300 --> 00:02:32,130
We're going to measure it divided in half.
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00:02:34,500 --> 00:02:37,440
The fair value stuff
will be more amplified.
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00:02:37,470 --> 00:02:41,040
I'm not going to teach it all here, but
I'm just introducing a tease that we want
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00:02:41,040 --> 00:02:44,370
to give you the tutorial, the teachings
tutorial, you'll say, oh yeah, that's what
42
00:02:44,370 --> 00:02:45,510
he meant by that because it's in video.
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00:02:46,530 --> 00:02:48,450
I'm just giving him a
lots of examples of it.
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00:02:51,420 --> 00:02:53,369
But the actual teaching of how
to look for it every single
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time that'll be in a tutorial.
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00:02:54,359 --> 00:02:54,690
Chris.
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00:02:56,579 --> 00:02:58,170
I say we have equilibrium in here now.
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00:02:58,200 --> 00:02:59,010
Here's the cool part.
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00:02:59,220 --> 00:03:00,540
Look at this up candle.
50
00:03:01,230 --> 00:03:02,549
You're going to see this happening a lot.
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00:03:02,970 --> 00:03:04,230
This up candle right in here.
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00:03:04,410 --> 00:03:09,420
Look at, look at this
candle is low 1 32 0 9.
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00:03:10,410 --> 00:03:13,920
That's exactly an equilibrium
of the body of this down move
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00:03:14,519 --> 00:03:15,690
to see what's happened here.
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00:03:17,250 --> 00:03:19,230
Prices starting to go higher here.
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00:03:19,350 --> 00:03:19,709
Okay.
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00:03:19,739 --> 00:03:22,859
If this is a bullish candle
with, it means lower.
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00:03:22,859 --> 00:03:24,630
Who buys when the market's going lower?
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00:03:26,420 --> 00:03:27,440
Exactly smart money.
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00:03:27,440 --> 00:03:27,920
The banks.
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00:03:28,519 --> 00:03:34,160
So as the market's dropping lower
in price starts to move higher even
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00:03:34,160 --> 00:03:37,250
then, even if we anticipate, okay.
63
00:03:37,279 --> 00:03:40,579
Even if we anticipate this
being a bullish or block.
64
00:03:40,760 --> 00:03:41,089
Okay.
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00:03:41,120 --> 00:03:43,310
Or then coming down into
a previous order block.
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00:03:44,120 --> 00:03:44,450
Okay.
67
00:03:44,630 --> 00:03:46,969
So if this is an older block here, right?
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00:03:48,135 --> 00:03:51,825
If that's an order, block and price
comes down and hits that, what
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00:03:51,825 --> 00:03:55,695
should we expect on the next day,
higher prices or lower prices.
70
00:03:57,515 --> 00:04:05,465
And again, this is a daily chart, higher
prices, but if we watch price go up, okay.
71
00:04:05,945 --> 00:04:09,454
And it closes here on this next day
here, and always price looks like this.
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00:04:10,894 --> 00:04:12,065
Let me get this off.
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00:04:18,834 --> 00:04:21,534
That's what your chart would look
like the very next day after the board
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00:04:21,534 --> 00:04:23,094
block has trade too, right in here.
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00:04:23,425 --> 00:04:24,475
Here's my question to you.
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00:04:24,505 --> 00:04:29,094
If you are expecting this down candle
to be an order block, and we are what
77
00:04:29,094 --> 00:04:30,655
bullish on cat, we've been bullish on cat.
78
00:04:30,685 --> 00:04:31,525
We've been calling it higher.
79
00:04:32,215 --> 00:04:32,725
If that's
80
00:04:36,685 --> 00:04:40,375
the very next day, we would
expect bullishness as well.
81
00:04:42,385 --> 00:04:45,294
I mean, if this is, if this is an
a Bush or block and we traded down
82
00:04:45,294 --> 00:04:49,765
into it here, institutional order
flow should be drawing price higher.
83
00:04:50,005 --> 00:04:50,484
Correct.
84
00:04:53,724 --> 00:05:00,085
Now, if you are strong in your convictions
about whether or not the market's going
85
00:05:00,085 --> 00:05:03,684
to go higher or lower, and you look at
the higher timeframe charts like this,
86
00:05:04,164 --> 00:05:07,164
you can do close proximity entries.
87
00:05:07,224 --> 00:05:11,094
That means that if you identified
this area as a bullish or block,
88
00:05:11,275 --> 00:05:12,414
this range is down candle.
89
00:05:13,434 --> 00:05:15,775
If you define the middle of that
candle, let's just say, we're just
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00:05:15,775 --> 00:05:18,565
going to rough eyeball it at 1 32 0 5.
91
00:05:19,224 --> 00:05:23,424
And I don't know what the actual
level was off the top of headbands.
92
00:05:24,054 --> 00:05:27,414
We're going to say 1 32 0
5 was the middle of that.
93
00:05:27,984 --> 00:05:28,195
Okay.
94
00:05:28,195 --> 00:05:29,005
I'm just eyeballing it.
95
00:05:29,755 --> 00:05:31,195
So 1 32 0 5.
96
00:05:31,344 --> 00:05:31,645
Okay.
97
00:05:31,645 --> 00:05:32,934
That's that's your area.
98
00:05:33,174 --> 00:05:36,325
If we add five pips to that
and that's, that's what we do.
99
00:05:36,325 --> 00:05:38,155
We, we factor in a five PIP spread.
100
00:05:39,255 --> 00:05:44,355
So if we're buying, we're adding five
pips to whatever level we like, and we
101
00:05:44,355 --> 00:05:47,505
add, I'm sorry, we subtract five pips
from whatever level we want to sell.
102
00:05:47,985 --> 00:05:49,905
And that way we have a really
good chance of getting in.
103
00:05:53,065 --> 00:05:54,265
Look at price does right here.
104
00:05:57,705 --> 00:06:01,695
The low comes in at 1 32 0 9, 1 32 0 9.
105
00:06:02,265 --> 00:06:08,205
So you would not have gotten your entry
using the mean threshold in here, but
106
00:06:08,205 --> 00:06:12,675
how, how rewarding would that be to
watch how close it gets to it and not
107
00:06:12,705 --> 00:06:16,755
even need the order block to be violated
until it does it on this candle right
108
00:06:16,755 --> 00:06:20,835
here, this up candle then goes above the
down candle, which is the older block.
109
00:06:21,615 --> 00:06:25,155
So, you know, there was real buying
in here when this candle has been
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00:06:25,155 --> 00:06:27,315
consumed and violated and upside of it.
111
00:06:28,185 --> 00:06:29,265
But look how cool that is.
112
00:06:29,265 --> 00:06:30,465
It gets real close to it.
113
00:06:30,915 --> 00:06:33,995
And many times you're going to see
some, sometimes my entries want
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00:06:33,995 --> 00:06:35,445
a hard timeframe or four hours.
115
00:06:37,414 --> 00:06:40,414
Well, give me an opportunity
to get in like this.
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00:06:41,315 --> 00:06:43,594
In other words, normal
expectation would be okay.
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00:06:43,594 --> 00:06:45,515
We're going to watch price
trade away from that.
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00:06:46,715 --> 00:06:50,495
Well, if we're on a daily chart that
could be hundreds of pips and weeks away.
119
00:06:51,424 --> 00:06:51,875
Correct.
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00:06:56,784 --> 00:07:01,465
So if you're demanding only that
condition, you're going to miss
121
00:07:01,465 --> 00:07:03,745
other opportunities by using
the higher timeframe, the higher
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00:07:03,745 --> 00:07:05,455
timeframe chart could be used.
123
00:07:06,234 --> 00:07:07,375
Let me double check my time here.
124
00:07:08,424 --> 00:07:08,755
We got it.
125
00:07:08,815 --> 00:07:09,445
We got to go back.
126
00:07:09,735 --> 00:07:12,745
Let's watch cat over here
on the lower timeframe.
127
00:07:16,715 --> 00:07:16,955
All right.
128
00:07:16,955 --> 00:07:18,575
The numbers should be
out in a minute or two.
129
00:07:19,775 --> 00:07:23,825
Uh, we have the liquidity for Paul
down over here, so they may run that.
130
00:07:25,025 --> 00:07:26,854
So let's practice that
131
00:07:32,065 --> 00:07:33,054
what's the resting below these lines.
132
00:07:42,490 --> 00:07:42,880
No.
133
00:07:43,780 --> 00:07:44,860
Yeah, you go, cell stops.
134
00:07:44,860 --> 00:07:45,310
Very good.
135
00:07:45,849 --> 00:07:51,190
The low lows is sell stops above
highs or buy stops and Meredith
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00:07:51,190 --> 00:07:52,630
at market efficiency paradigm.
137
00:07:53,110 --> 00:07:55,390
We have to look at the
market as a market maker.
138
00:07:55,450 --> 00:07:56,260
Where's the liquidity.
139
00:07:56,260 --> 00:07:57,250
And what kind of liquidity is it?
140
00:08:01,180 --> 00:08:02,710
So here's the question right now?
141
00:08:02,740 --> 00:08:09,640
Price is at 1 30, 2 33, and we have
a potential move down to 1 32 0 5.
142
00:08:10,330 --> 00:08:10,750
Okay.
143
00:08:11,830 --> 00:08:16,300
So is that enough of a range
for a demo trade for practice?
144
00:08:25,770 --> 00:08:26,730
Is it 40 pips?
145
00:08:35,770 --> 00:08:41,380
Almost, there's not, it's gotta be 40 pips
if you're going to do it the way I do it.
146
00:08:41,380 --> 00:08:44,590
I like to look at a range of 40
pips, because even if I'm wrong
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00:08:44,950 --> 00:08:49,270
about where ultimately want to go,
if it moves just a half of that,
148
00:08:49,330 --> 00:08:51,730
it allows me to get 20 pips paid.
149
00:08:53,200 --> 00:08:55,689
So this is one thing that we
can just watch and observe.
150
00:08:56,110 --> 00:08:56,319
Okay.
151
00:08:56,319 --> 00:08:58,360
We know that there's,
uh, there's numbers out.
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00:08:58,360 --> 00:09:02,680
Now we have a small little void in here.
153
00:09:03,340 --> 00:09:03,580
Okay.
154
00:09:03,580 --> 00:09:07,450
It might spike up there and then
reach for the stops below here.
155
00:09:12,870 --> 00:09:15,420
If it runs a little bit
more, we would clear out.
156
00:09:15,569 --> 00:09:18,710
I wish there was a way for me to
take this little goober and put
157
00:09:18,730 --> 00:09:20,130
on the left side of my chart.
158
00:09:20,240 --> 00:09:25,050
I have to put it right at the top
of what my price scales shown.
159
00:09:27,430 --> 00:09:27,520
Okay.
160
00:09:29,965 --> 00:09:30,265
All right.
161
00:09:30,265 --> 00:09:33,415
So we have equal highs in here
with another void as well.
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00:09:33,475 --> 00:09:38,395
So if we don't send it lower for these
cell stops, when I watch and see what
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00:09:38,395 --> 00:09:45,935
they do above here, if they run that
they may make a run to 30 to 80, not
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00:09:45,935 --> 00:09:48,365
necessarily 30 to 80, you can go up to a
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00:09:59,105 --> 00:10:00,665
32 78.
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00:10:00,755 --> 00:10:11,965
It goes 32 80, 38 would clear
out these equal highs in closing
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00:10:11,965 --> 00:10:13,315
this void a little bit as well.
168
00:10:25,955 --> 00:10:26,915
Well, that's a good thing.
169
00:10:27,795 --> 00:10:30,795
Andrea says, uh, it can be
frustrating because at this
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00:10:30,795 --> 00:10:31,905
point you can go either way.
171
00:10:33,285 --> 00:10:35,115
And that's why we sit on the sidelines.
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00:10:35,895 --> 00:10:43,155
See the fact that you observed that is
good, because if you don't think like
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00:10:43,155 --> 00:10:47,055
that, it's very easy to talk yourself
into a trade idea and just jump in there.
174
00:10:48,435 --> 00:10:51,465
Head first is here's the setup
I'm going to get here and do it.
175
00:11:03,455 --> 00:11:05,525
Uh, we stay on the sidelines
until there's a setup.
176
00:11:05,855 --> 00:11:08,975
If you look at the economic calendar,
we've actually had a really weird
177
00:11:08,975 --> 00:11:15,095
week news front wise, and there's
nothing really that could drive
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00:11:15,095 --> 00:11:16,865
price extremely higher or lower.
179
00:11:17,585 --> 00:11:20,915
So there's not, there's not a whole
lot of effort, you know, like FMC,
180
00:11:20,915 --> 00:11:23,045
there's been, uh, a lack of real.
181
00:11:25,064 --> 00:11:27,255
Conviction on the part
of investors and traders.
182
00:11:27,255 --> 00:11:30,194
So, and the market makes a run on funds.
183
00:11:30,704 --> 00:11:31,485
That's what that is.
184
00:11:31,605 --> 00:11:33,435
They don't see us, the retail guys.
185
00:11:33,435 --> 00:11:36,495
We don't, we don't even show up on
the radar screen, but there has to be
186
00:11:36,495 --> 00:11:38,685
money put to work on the fund level.
187
00:11:39,525 --> 00:11:44,265
And if that's not there, then obviously
there's going to be a lackluster week.
188
00:11:44,834 --> 00:11:45,465
And that's where we're at.
189
00:11:47,415 --> 00:11:48,435
It doesn't stay like this long.
190
00:11:59,125 --> 00:12:04,045
A question I got is, so why do we wait
for the staff to be taken out in a
191
00:12:04,045 --> 00:12:06,475
setup first, before we look to enter?
192
00:12:07,525 --> 00:12:12,694
Because knowing where the market's
may reaching for, sometimes it's
193
00:12:12,694 --> 00:12:14,225
not going to be that clear to you.
194
00:12:15,064 --> 00:12:19,954
And just simply because we came
off of a recent high on a daily
195
00:12:19,954 --> 00:12:21,995
chart for CAD doesn't mean.
196
00:12:23,660 --> 00:12:24,170
Direction.
197
00:12:24,170 --> 00:12:25,820
This is absolute.
198
00:12:28,880 --> 00:12:31,850
And you'll notice that all my setups
are either coming back to a previous
199
00:12:31,850 --> 00:12:34,340
range or it's a run on stops.
200
00:12:34,350 --> 00:12:36,890
They're the, they're the only two
things that occur for my setup.
201
00:12:45,500 --> 00:12:49,070
Well, we wait for the,
the trays to be perfect.
202
00:12:49,190 --> 00:12:49,580
Okay.
203
00:12:49,580 --> 00:12:53,480
In other words, in terms of setup
the criteria, the more we have in our
204
00:12:53,480 --> 00:12:55,220
favor, that's when we take a trade.
205
00:13:03,340 --> 00:13:10,060
If it goes both, if it goes beyond 30 to
80, that would be very good for the daily
206
00:13:10,060 --> 00:13:11,680
chart that would continue the upside.
207
00:14:10,140 --> 00:14:11,060
Uh, the question is this.
208
00:14:11,069 --> 00:14:13,229
If I was trading this
live, where would I get in?
209
00:14:13,949 --> 00:14:16,890
I wouldn't, there's nothing
in this startup that has
210
00:14:16,890 --> 00:14:17,849
me wanting to take a trade.
211
00:14:18,689 --> 00:14:20,550
All I'm doing is observing
where the liquidity pools
212
00:14:20,550 --> 00:14:22,349
are and where the ranges are.
213
00:14:22,770 --> 00:14:23,430
And you observe
214
00:14:26,719 --> 00:14:28,310
if there was something I wanted
to do, I would've did it.
215
00:14:28,520 --> 00:14:30,560
There's nothing in here that
I want to, I want to trade on.
216
00:14:30,589 --> 00:14:34,339
All we're doing is observing and I'll
re I'll tell you the reason why, why?
217
00:14:34,369 --> 00:14:34,609
Okay.
218
00:14:34,609 --> 00:14:38,150
Why, why aren't I interested
in taking a trade?
219
00:14:38,150 --> 00:14:38,719
Let's say that.
220
00:14:39,319 --> 00:14:41,599
Would you like to know why I'm
not interested in taking a trade?
221
00:14:41,599 --> 00:14:44,449
Like what keeps me from saying, okay,
it's going to do this or do that.
222
00:14:46,349 --> 00:14:46,770
Okay.
223
00:14:47,280 --> 00:14:51,479
What is my directional basis or, or
where do I think the dollar is going?
224
00:14:51,599 --> 00:14:56,670
Where's my, where's my underlying
directional bias for higher timeframe.
225
00:14:58,035 --> 00:14:59,745
I personally believe the
dollar is going higher.
226
00:14:59,745 --> 00:15:00,165
Correct.
227
00:15:00,194 --> 00:15:00,704
Exactly.
228
00:15:01,064 --> 00:15:07,995
So if I'm looking at the dollar CAD
dollar CAD should see in sympathy, higher
229
00:15:07,995 --> 00:15:13,515
prices as well, but because of the news,
that's out right now, it's inventory
230
00:15:13,515 --> 00:15:19,185
on crude, which is a direct commodity
linked to Kony Canadian dollar or Canada.
231
00:15:19,995 --> 00:15:24,224
And it's going to be manipulating
its currency, just like the S and P
232
00:15:24,224 --> 00:15:25,755
can mess with the Australian dollar.
233
00:15:26,265 --> 00:15:31,035
The cruel Crudo market messes a lot
of times with the dollar CAD market.
234
00:15:31,635 --> 00:15:35,745
And sometimes it causes a little
bit of a hiccup in price action.
235
00:15:35,745 --> 00:15:39,045
And then ultimately it'll get back in
sync with what the dollar is doing.
236
00:15:39,824 --> 00:15:44,985
So if I believe that dollar is
going higher and I believe that
237
00:15:45,165 --> 00:15:46,995
the dollar cat is going higher.
238
00:15:47,385 --> 00:15:47,805
Okay.
239
00:15:48,285 --> 00:15:50,175
Um, we recently cleared out a level.
240
00:15:50,175 --> 00:15:52,275
We have identified, you know, monthly.
241
00:15:53,385 --> 00:15:54,915
With that old sloppy daily high.
242
00:15:55,155 --> 00:15:55,875
And that's what we did here.
243
00:15:55,875 --> 00:15:57,345
And we also pierced it a little bit.
244
00:15:57,375 --> 00:15:58,635
Intraday here.
245
00:15:58,665 --> 00:16:01,095
I want you to swing and we went lower.
246
00:16:01,365 --> 00:16:04,455
We consolidated and we G
we dropped down low here.
247
00:16:05,085 --> 00:16:10,485
So I don't want to be a buyer here because
I don't think we have the reins to do
248
00:16:10,485 --> 00:16:12,555
anything with it today because we're late.
249
00:16:13,605 --> 00:16:16,395
Um, I don't think that we're going
to come back up here and clear
250
00:16:16,395 --> 00:16:20,385
out the high performed in London
because it's formed on a daily
251
00:16:20,385 --> 00:16:22,515
chart violation of a previous high.
252
00:16:22,605 --> 00:16:27,225
And it's, you know, the dollars
in retracement as well as today.
253
00:16:27,615 --> 00:16:31,785
It's too many things against it
to be a buyer for my opinion, and
254
00:16:31,785 --> 00:16:35,235
the downsides to limited to get
enough range, to justify a short.
255
00:16:36,465 --> 00:16:43,035
So what I learned in these conditions
is if I wait to justify a really
256
00:16:43,035 --> 00:16:48,795
low resistance by, on Canadian
dollar, then that's what I'm willing.
257
00:16:48,855 --> 00:16:49,995
I'm willing to wait for that.
258
00:16:50,265 --> 00:16:51,165
Now I'll observe.
259
00:16:52,335 --> 00:16:58,215
I'll observe the opportunities on the near
term, teat myself, plugged into price and
260
00:16:58,245 --> 00:17:02,205
be able to get close and feel what price
is most likely wanting to do, because
261
00:17:02,205 --> 00:17:03,645
that's, I hate to say it like that.
262
00:17:03,645 --> 00:17:07,335
It is a knack type thing, but when you
watch price enough, you get a feel for it.
263
00:17:07,785 --> 00:17:12,615
And you know what it wants the
most likely deal because we had the
264
00:17:12,615 --> 00:17:16,575
consolidation in here and we have the
initial dropdown going into the numbers.
265
00:17:18,115 --> 00:17:21,704
The date, the daily range
is already a barest day.
266
00:17:22,545 --> 00:17:24,974
I don't suspect that we're
going to see the high violated.
267
00:17:25,635 --> 00:17:30,465
And while we have a little bit of
a void in here, I don't necessarily
268
00:17:30,465 --> 00:17:32,955
think that we're in a condition
because of the dollar's weakness.
269
00:17:33,975 --> 00:17:38,595
I don't think this is a goodbye cause
otherwise let's say, uh, let's say
270
00:17:38,595 --> 00:17:42,975
we punched down here right here at
the, uh, at the release of the news.
271
00:17:42,975 --> 00:17:45,645
Let's say it drove, dropped down
immediately right down there.
272
00:17:46,185 --> 00:17:48,575
That would have been an
exercise to be a turtle soup.
273
00:17:49,665 --> 00:17:52,395
And then look for a run on these
equal highs and closing the void.
274
00:17:53,745 --> 00:17:56,295
That would have been a scenario
that I would be more inclined to do
275
00:17:57,014 --> 00:18:01,545
not buying it down here or selling
it up here because the sell it.
276
00:18:01,575 --> 00:18:06,285
I'm like, then I'm against my underlying
directional bias based on the higher
277
00:18:06,285 --> 00:18:07,785
timeframe chart and the dollar.
278
00:18:08,955 --> 00:18:13,125
And I understand that the dollar
is probably just, um, experiencing
279
00:18:13,155 --> 00:18:16,845
a retracement after showing
strength the last couple of days.
280
00:18:18,435 --> 00:18:19,395
That makes sense.
281
00:18:19,395 --> 00:18:22,155
And you understand why I'm not inclined
to jump in and just take a trade.
282
00:18:27,825 --> 00:18:28,365
Exactly.
283
00:18:28,365 --> 00:18:30,435
It's patients and believe me, it
took me a long time to get it.
284
00:18:30,645 --> 00:18:35,325
The, and I don't always exercise it either
though, but the idea of just because
285
00:18:35,325 --> 00:18:38,295
we're in the charts and looking at it
and we can talk about specific moves.
286
00:18:38,655 --> 00:18:41,895
I know some of you that are new,
you're thinking, well, if I can
287
00:18:41,895 --> 00:18:44,205
make 15 pips, let me make 15 pips.
288
00:18:44,835 --> 00:18:46,605
And you're all welcome
to do whatever you want.
289
00:18:47,460 --> 00:18:48,990
Yeah, you do whatever you want to do.
290
00:18:48,990 --> 00:18:51,060
I'm not here telling you
what to do with your money.
291
00:18:51,300 --> 00:18:54,030
I'm just telling you what I'm willing
to do and what I'm not willing to do.
292
00:18:54,210 --> 00:18:57,930
And because of the parameters
that's been shown here, I'm
293
00:18:57,930 --> 00:18:59,260
not really that excited you.
294
00:18:59,430 --> 00:19:03,510
In fact, we could have just priced
in the low ahead of the numbers and
295
00:19:03,510 --> 00:19:04,740
say, we just come back up to here.
296
00:19:04,740 --> 00:19:07,200
And then we consolidate going into
the close how's that a trading
297
00:19:07,200 --> 00:19:11,280
opportunity you're trading, you're
trading your time for nothing.
298
00:19:15,379 --> 00:19:17,420
Whereas right now we
already have the news out.
299
00:19:17,899 --> 00:19:21,110
It didn't take the stops above the
equal highs yet, which is not good
300
00:19:21,139 --> 00:19:23,629
because if it's going to run up
there, it does it really quickly.
301
00:19:23,930 --> 00:19:26,330
And it won't give those traders an
opportunity to do anything about it.
302
00:19:26,389 --> 00:19:30,320
Rob air, clear them and trade
lower, or run up and close
303
00:19:30,320 --> 00:19:31,670
the void and then trade lower.
304
00:19:32,899 --> 00:19:36,139
Think about the market profiles
that I gave you templates for.
305
00:19:36,590 --> 00:19:37,010
Okay.
306
00:19:37,100 --> 00:19:38,690
In a free, I think I did it.
307
00:19:39,379 --> 00:19:39,740
We're not doing.
308
00:19:41,885 --> 00:19:42,395
I did a video.
309
00:19:42,395 --> 00:19:45,155
I can't remember what video it is
off the top of my head, but it was
310
00:19:45,155 --> 00:19:46,595
during all the free tutorial stuff.
311
00:19:47,254 --> 00:19:52,145
And I gave specific conditions
for a certain, uh, daily
312
00:19:52,145 --> 00:19:53,615
template, daily templates.
313
00:19:53,915 --> 00:19:59,254
What the, uh, what the daily
range is usually a form elder
314
00:19:59,405 --> 00:20:00,514
in terms of price action.
315
00:20:01,655 --> 00:20:02,615
This one here.
316
00:20:03,274 --> 00:20:03,725
Okay.
317
00:20:03,754 --> 00:20:09,754
It could be a, you know, it's
a run initially at London down
318
00:20:09,754 --> 00:20:11,375
day, then go into consolidation.
319
00:20:12,274 --> 00:20:14,375
So it's a London swing
to consolidation day
320
00:20:17,715 --> 00:20:19,395
and it doesn't make sense
for that to be like that.
321
00:20:20,235 --> 00:20:23,685
If it's going to be anything, it's going
to be a consolidation and then swing
322
00:20:24,075 --> 00:20:28,274
into New York or London close because
of the crude oil inventory numbers.
323
00:20:29,145 --> 00:20:29,985
That would make sense.
324
00:20:30,405 --> 00:20:33,465
But because yeah, exactly.
325
00:20:33,465 --> 00:20:34,245
London swing dizzy.
326
00:20:36,640 --> 00:20:38,140
Basically it's a
consolidation, same thing.
327
00:20:38,620 --> 00:20:42,040
The, uh, but because it doesn't
fit the criteria and we don't
328
00:20:42,040 --> 00:20:43,300
have much time with day left.
329
00:20:43,870 --> 00:20:48,880
It's not a profile I want to trade in
because we've already seen the money
330
00:20:48,880 --> 00:20:50,410
move already for the day from London.
331
00:20:51,670 --> 00:20:53,050
So now we're in a consolidation.
332
00:20:53,260 --> 00:20:58,030
This thing can only just tread water,
going into the clothes and frustrates you.
333
00:20:58,030 --> 00:21:00,160
Like it did me before I
realized what I was doing.
334
00:21:10,510 --> 00:21:14,050
So it's been, uh, a
bit of a consolidation.
335
00:21:14,050 --> 00:21:17,020
And I think, honestly, I think
because of FMC and because of the
336
00:21:17,020 --> 00:21:21,040
shock waves that came by way of the
British pound this week, there's
337
00:21:21,040 --> 00:21:22,630
a lot of money on the sidelines.
338
00:21:22,660 --> 00:21:24,580
They're like, what the hell just happened?
339
00:21:24,670 --> 00:21:26,980
We're all, we're all waiting
for the next shoe to drop.
340
00:21:27,520 --> 00:21:30,760
And when that happens, it
puts money to sleep real fast.
341
00:21:31,030 --> 00:21:32,860
It's a lullaby on large funds.
342
00:21:34,460 --> 00:21:39,350
What we'll have to do is we have to sit
and wait and the conditions will open up.
343
00:21:39,410 --> 00:21:42,260
You know, you just gotta wait for the
daily charts to get where they need to go
344
00:21:42,260 --> 00:21:44,630
for another reactionary, a higher, low,
345
00:21:49,360 --> 00:21:55,060
how would I trade the London
open on this pair or Kat?
346
00:22:01,710 --> 00:22:06,120
Well, obviously, I mean, it's all you, I
didn't do anything with it and it's tough
347
00:22:06,120 --> 00:22:12,360
to talk about it really wouldn't be all
that in my opinion, that educational,
348
00:22:12,360 --> 00:22:13,650
cause it'd be just like anything else.
349
00:22:13,860 --> 00:22:16,050
You could look at the chart
and know what I already teach
350
00:22:16,440 --> 00:22:17,670
and justify all those things.
351
00:22:28,290 --> 00:22:29,040
That's a good question.
352
00:22:29,040 --> 00:22:29,820
Jacob says, what.
353
00:22:30,824 --> 00:22:34,635
What do you consider when you have
two liquidity voids back to back
354
00:22:35,294 --> 00:22:37,274
like the, like the cable head?
355
00:22:38,355 --> 00:22:43,274
Um, well, can you give me the
timeframe you're talking about that
356
00:22:43,274 --> 00:22:44,264
we have to pull it up on a chart?
357
00:22:58,064 --> 00:22:58,334
Yeah.
358
00:22:58,365 --> 00:22:59,175
Give me a timeframe.
359
00:22:59,205 --> 00:22:59,834
Give me a chart.
360
00:23:00,595 --> 00:23:02,205
15 minutes hour.
361
00:23:02,595 --> 00:23:06,375
Give me a specific chart to look
at and I'll answer your question.
362
00:23:07,995 --> 00:23:08,925
15 minute cable.
363
00:23:08,975 --> 00:23:09,334
Okay.
364
00:23:13,264 --> 00:23:13,595
All right.
365
00:23:13,595 --> 00:23:17,465
So, well, where's the other void
at, because we have this one here.
366
00:23:19,225 --> 00:23:22,074
I'm assuming you knew that one
because we were just talking about,
367
00:23:22,095 --> 00:23:23,955
but where's the contrarian liquidity.
368
00:23:35,050 --> 00:23:35,680
This one here.
369
00:23:43,830 --> 00:23:46,620
Well, we came down a little, this
whole thing here was nobody's
370
00:23:46,620 --> 00:23:47,460
doing anything with this.
371
00:23:47,940 --> 00:23:50,280
You know, it was, I had
already ran it's low.
372
00:23:51,060 --> 00:23:52,320
It just took off and went lower.
373
00:23:52,830 --> 00:23:57,210
The point is, is, um, I think your
question is, is how to contend with
374
00:23:57,210 --> 00:24:02,520
this and then this over here, like,
how do you use this information?
375
00:24:02,520 --> 00:24:06,210
Is it, is this beneficial to us when
it's like this in close proximity?
376
00:24:06,210 --> 00:24:06,870
Is that what you're asking?
377
00:24:11,050 --> 00:24:14,890
It just doubles up the, uh, the,
the likelihood of fair value.
378
00:24:16,720 --> 00:24:19,240
In other words, we've seen price delivered
on the downside, and then he came
379
00:24:19,240 --> 00:24:20,770
quickly back through it again, over here.
380
00:24:21,130 --> 00:24:23,640
So while we spent the
majority of the time down.
381
00:24:24,970 --> 00:24:27,130
It gapped to get down
to that level quickly.
382
00:24:27,190 --> 00:24:29,800
And then it gapped up away
from this level down here.
383
00:24:30,340 --> 00:24:31,840
So that's what I'm saying.
384
00:24:31,840 --> 00:24:36,010
I think that they have accumulated
longs down here and they will
385
00:24:36,010 --> 00:24:41,470
permit a drop down, but then
ultimately make a run above here.
386
00:24:41,710 --> 00:24:45,700
That's what I personally
believe they can do this too.
387
00:24:45,700 --> 00:24:50,320
They can do, um, a run up
clearly short term height, stop
388
00:24:50,320 --> 00:24:51,520
it dead in its tracks there.
389
00:24:51,880 --> 00:24:54,250
Then send it lower, take that low out.
390
00:24:54,250 --> 00:24:56,050
And then ultimately come back
up here and take that out again.
391
00:24:56,110 --> 00:24:58,150
And then longer term go lower.
392
00:24:58,570 --> 00:25:00,790
But to answer your question and not
to sound like I'm sidetracking it,
393
00:25:01,210 --> 00:25:05,290
um, when we have a, uh, a liquidity
avoid going low and it closes in
394
00:25:06,550 --> 00:25:08,380
this entire range in here, I mean,
395
00:25:23,190 --> 00:25:25,620
More specifically this right there.
396
00:25:27,150 --> 00:25:29,550
Notice how this candle stops at that low.
397
00:25:29,580 --> 00:25:31,620
And then this candle opens
here and trades down.
398
00:25:31,620 --> 00:25:35,250
So I'm putting the, the, the range
at this candle is low because
399
00:25:35,250 --> 00:25:38,100
there's two candles that traded
inside this little small space.
400
00:25:38,100 --> 00:25:38,730
You understand that
401
00:25:47,520 --> 00:25:50,940
why I'm using this whole shaded
area in here because it's two
402
00:25:50,940 --> 00:25:54,360
candles that get traded from
that low, well, this candle up.
403
00:25:54,690 --> 00:25:55,710
So I don't want to use that.
404
00:25:56,070 --> 00:25:58,230
I want to use below that and up.
405
00:25:59,695 --> 00:26:02,024
I'm sorry above this candles wicks high.
406
00:26:02,385 --> 00:26:06,824
So we've identified which there
are very little trading going
407
00:26:06,824 --> 00:26:11,235
on because it happened in two
passes quickly here and here.
408
00:26:11,625 --> 00:26:18,625
This whole price range in here can
be revisited again, contrary or
409
00:26:18,655 --> 00:26:19,885
conversely, let's say it like this.
410
00:26:20,334 --> 00:26:25,405
Um, if I would've saw price, come down
lethargic and more up and down, up and
411
00:26:25,405 --> 00:26:26,935
down, up and down as it went lower.
412
00:26:26,995 --> 00:26:28,584
And then it created this here.
413
00:26:29,125 --> 00:26:34,405
Then this entire range would be
expected to close in, but because we
414
00:26:34,405 --> 00:26:36,715
have this here, watch what happens.
415
00:26:40,824 --> 00:26:41,604
I'm just going to borrow this.
416
00:26:50,965 --> 00:26:51,205
Awesome.
417
00:26:51,205 --> 00:26:52,195
Don't use in this low.
418
00:26:52,225 --> 00:26:52,585
I'm sorry.
419
00:26:52,585 --> 00:26:56,365
The high here to form a low end
of the range, right in here on
420
00:26:56,365 --> 00:26:57,655
identifying this whole area here.
421
00:26:58,015 --> 00:26:59,575
So this is all fair value.
422
00:26:59,575 --> 00:27:00,965
Still solve.
423
00:27:00,965 --> 00:27:01,585
Fair value.
424
00:27:02,215 --> 00:27:03,115
Price comes down into it.
425
00:27:03,115 --> 00:27:08,155
Here runs away, comes right down
into that candles high rate there.
426
00:27:11,255 --> 00:27:13,385
The high comes in at 1 21 62.
427
00:27:14,285 --> 00:27:18,115
This candles low comes in at 1 21 63.
428
00:27:18,145 --> 00:27:19,115
We're one PIP away from it.
429
00:27:20,375 --> 00:27:21,875
And it look at the work around that level.
430
00:27:23,075 --> 00:27:26,735
We went down candle, which is a
bullish blah it's violated here.
431
00:27:26,915 --> 00:27:29,045
Price comes back down, look at the
bodies, how their respect in that
432
00:27:29,045 --> 00:27:32,165
level, this we've cleared fair value.
433
00:27:32,915 --> 00:27:35,165
You spent all that time
in here, filling it in.
434
00:27:36,545 --> 00:27:38,135
Have we run aggressively from it?
435
00:27:43,340 --> 00:27:46,370
Yes, it would be still, in my
opinion, it's still avoid, even
436
00:27:46,370 --> 00:27:50,510
though it's been passed through
twice, it's done so with big ranges.
437
00:27:51,020 --> 00:27:56,120
So it's going to want to close in that you
think that's a, you think that's a strong,
438
00:27:56,120 --> 00:27:58,250
willingness move away from that level?
439
00:28:03,530 --> 00:28:06,560
I don't, I mean, I see it moving away
from it, respecting it, but I don't see
440
00:28:06,560 --> 00:28:08,240
a dynamic price surge away from that.
441
00:28:08,240 --> 00:28:09,500
Now I don't see that at all.
442
00:28:11,850 --> 00:28:14,490
And in fact, we've not shown any
willingness to go higher yet.
443
00:28:16,169 --> 00:28:16,710
It could.
444
00:28:17,500 --> 00:28:18,330
I don't see it yet.
445
00:28:21,610 --> 00:28:29,590
So to answer in complete terms, whenever
price drops down through us, a range
446
00:28:29,590 --> 00:28:33,070
of price in the range would be whatever
this low is on this candle here.
447
00:28:33,760 --> 00:28:34,419
Let me do it like this.
448
00:28:37,955 --> 00:28:41,584
This is a range in price
449
00:28:44,814 --> 00:28:45,564
that both,
450
00:28:50,365 --> 00:28:51,445
I didn't want to do that.
451
00:28:55,665 --> 00:29:00,344
So between this high and this low, um,
again, I'm, I'm referencing this down
452
00:29:00,435 --> 00:29:08,655
candles low in this up candles high, the
two candles here or big ranges price did
453
00:29:08,655 --> 00:29:14,564
not have a lot of time to trade through
the 1 21 89 to 1 21 61 on the down move.
454
00:29:15,435 --> 00:29:19,365
It did not have that much time to
trade through 1 21 and one I'm sorry,
455
00:29:19,365 --> 00:29:23,115
1 21 61 to 1 21 89 on the up move.
456
00:29:23,475 --> 00:29:25,004
So we have a big range.
457
00:29:25,094 --> 00:29:25,784
We're not really big.
458
00:29:25,784 --> 00:29:27,705
It's only like 20 pips, 25 pips.
459
00:29:29,175 --> 00:29:31,095
That's going to be offered as fair value.
460
00:29:31,335 --> 00:29:34,305
They're going to want to come back down
into that range and cane and give the
461
00:29:34,305 --> 00:29:36,345
market more opportunity to trade there.
462
00:29:37,815 --> 00:29:38,805
And you see that over here.
463
00:29:38,835 --> 00:29:43,395
Ultimately they come down and closing it's
void, but whenever you see back the back
464
00:29:43,605 --> 00:29:47,595
areas of where prices runs through up, and
it runs down through it again, you still
465
00:29:47,595 --> 00:29:50,355
want to reference that area because it's
going to want to come back to it later on.
466
00:29:53,235 --> 00:29:58,325
How did I undo the mistake I did
by deleting some hold down control
467
00:29:58,325 --> 00:30:03,425
and tap the, you know, it'll
like, I'm going to delete that.
468
00:30:03,425 --> 00:30:05,165
If I hold down control and
tabs eight, puts it back.
469
00:30:13,585 --> 00:30:14,605
Okay, here we go.
470
00:30:15,445 --> 00:30:16,795
Remember, what are we looking for?
471
00:30:19,535 --> 00:30:21,185
What, what side of the liquidity,
where were you looking?
472
00:30:32,480 --> 00:30:37,460
Now why, why would I be more
inclined to look for these down
473
00:30:37,460 --> 00:30:41,180
here and not a run above the high?
474
00:30:43,260 --> 00:30:45,210
What was priced in over
here and what time of day
475
00:30:48,600 --> 00:30:49,230
London?
476
00:30:50,700 --> 00:30:50,970
Okay.
477
00:30:50,970 --> 00:30:58,230
So we went into New York time period was
new, York's open, higher or lower than the
478
00:30:58,230 --> 00:31:00,630
trading session that was formed in London.
479
00:31:03,370 --> 00:31:07,300
There's lowered to the daily
bias in New York is what
480
00:31:07,300 --> 00:31:11,470
direction for us cat going down.
481
00:31:12,280 --> 00:31:15,580
So if it's going to be a down
day, the easy thing to do is
482
00:31:15,580 --> 00:31:17,230
look for where the cells stop.
483
00:31:18,044 --> 00:31:20,385
Because the market's only going to
go down to an area where there's
484
00:31:20,385 --> 00:31:23,565
going to be willing participants
to sell at a lower price.
485
00:31:23,985 --> 00:31:28,034
Why do they want to aim for the
lower prices below previous lows?
486
00:31:28,365 --> 00:31:31,815
Because there's liquidities that
are offered in the form of cell
487
00:31:31,815 --> 00:31:34,304
stops, how the smart money use that
488
00:31:38,845 --> 00:31:40,465
they buy it back from their sale.
489
00:31:41,395 --> 00:31:41,965
Exactly.
490
00:31:42,085 --> 00:31:43,105
They're pairing of orders.
491
00:32:14,010 --> 00:32:14,880
That's a good question.
492
00:32:14,910 --> 00:32:16,650
Let me bring that one up.
493
00:32:17,130 --> 00:32:17,400
All right.
494
00:32:17,400 --> 00:32:20,730
Has Ron says if the algo is responsible
for price delivery, what is the
495
00:32:20,730 --> 00:32:24,570
relationship to commercial players
via cot commitment traders report?
496
00:32:25,080 --> 00:32:25,380
Or is it.
497
00:32:26,159 --> 00:32:29,280
That the commercial position themselves,
knowing what the algo will do.
498
00:32:29,730 --> 00:32:33,060
I'm not going to say that the commercial
traders know what the algo is going to
499
00:32:33,060 --> 00:32:34,409
do, because most people aren't even aware.
500
00:32:34,409 --> 00:32:36,030
There's an algorithm that delivers price.
501
00:32:36,300 --> 00:32:40,439
They think it's all supply and demand,
or the fact that buying creates higher
502
00:32:40,439 --> 00:32:42,149
prices or selling creates lower prices.
503
00:32:42,189 --> 00:32:43,230
That's not the case at all.
504
00:32:43,649 --> 00:32:51,240
Um, prices being manipulated and delivered
by way of the central bank policy and what
505
00:32:51,240 --> 00:32:57,030
they want to establish in terms of macro
trend in between these reference points,
506
00:32:57,030 --> 00:33:02,820
longterm, the bank operates on a model
that facilitates free trade illusion.
507
00:33:03,810 --> 00:33:04,169
Okay.
508
00:33:04,169 --> 00:33:06,990
But in reality, what they're really
doing is, is they're providing
509
00:33:06,990 --> 00:33:13,260
liquidity, but there's a method behind
it in what I'm teaching is not germane
510
00:33:13,260 --> 00:33:17,970
to commitment traders or the traders
that hold a reportable sizes that
511
00:33:17,970 --> 00:33:23,550
would be referenced on those reports,
completely isolated to different thing.
512
00:33:24,764 --> 00:33:26,355
Completely distant from one another.
513
00:33:26,355 --> 00:33:28,245
So don't think that that has
anything to do with each other.
514
00:33:28,335 --> 00:33:32,685
They don't, there is usefulness
in the cot, but it doesn't have
515
00:33:32,774 --> 00:33:34,245
anything to do with the algorithm.
516
00:33:41,685 --> 00:33:42,284
My pleasure.
517
00:33:43,064 --> 00:33:50,645
Um, could we have a trade idea to sell
this turtle suit on only opening because
518
00:33:50,675 --> 00:33:52,534
it's Thursday possible virtual day?
519
00:33:53,375 --> 00:33:58,504
Um, I kind of want to refrain from talking
about hindsight stuff because you're
520
00:33:58,504 --> 00:34:02,825
in here learning, and I can show you
charts like that, but I don't want to
521
00:34:02,825 --> 00:34:05,165
talk about hindsight in live sessions.
522
00:34:05,314 --> 00:34:07,534
I really want to talk about what's
going to happen going forward.
523
00:34:10,645 --> 00:34:13,674
That's why we're we're we're eight
or eyeballing the cell stops.
524
00:34:13,674 --> 00:34:14,094
We'll we're there.
525
00:34:14,094 --> 00:34:16,614
That's that's the direction I called
for that's the direction I think
526
00:34:16,614 --> 00:34:19,105
it's going to go to, and I think if
the level we're going to probably.
527
00:34:21,590 --> 00:34:24,350
So talking about what happened in London
is not as fruitful as watching what's
528
00:34:24,350 --> 00:34:26,000
going to happen before it happens.
529
00:34:35,870 --> 00:34:37,130
Uh, retail, I guess.
530
00:34:37,130 --> 00:34:37,550
Good question.
531
00:34:37,550 --> 00:34:42,110
Can a retail trader trades or a prime
broker, or is that just for institutions?
532
00:34:42,380 --> 00:34:48,740
Um, when, when you trade the, uh, a prime
brokerage, um, you have to have millions
533
00:34:48,740 --> 00:34:53,480
of dollars in a really good credit score
and you have to have a good track record.
534
00:34:54,050 --> 00:34:57,260
So eventually everyone that trades
through it was eventually able
535
00:34:57,260 --> 00:35:02,180
sometime the retail trader, no one just
starts as a prime brokerage needed.
536
00:35:02,480 --> 00:35:02,750
Dennis.
537
00:35:02,750 --> 00:35:03,890
Don't let anybody through the doors.
538
00:35:08,250 --> 00:35:08,460
Okay.
539
00:35:08,460 --> 00:35:11,850
I'm not going to say your name, but you're
going to go into who it is that said this.
540
00:35:12,330 --> 00:35:15,840
Uh, Mike, I am taking too
many stupid trades, please.
541
00:35:16,770 --> 00:35:20,190
Okay, I'm going to refer you
back to the first instruction.
542
00:35:21,150 --> 00:35:21,660
Okay.
543
00:35:21,810 --> 00:35:23,009
That means stop trading.
544
00:35:23,040 --> 00:35:26,130
You should not be doing any
trading right now, at least very
545
00:35:26,130 --> 00:35:27,299
minimum the first six months.
546
00:35:27,299 --> 00:35:30,150
And I know that's not going to be easy
for some of you cause you want to make
547
00:35:30,150 --> 00:35:34,620
money, but the whole prerequisite to
this thing was that you don't trade.
548
00:35:34,890 --> 00:35:36,600
You have to stop trading and learn.
549
00:35:58,990 --> 00:36:04,450
The important thing is you want to be
able to look at the charts very quickly.
550
00:36:04,810 --> 00:36:07,060
This is how you know, you're
ready to trade with Y funds.
551
00:36:07,150 --> 00:36:10,180
And I'm not going to tell you when
it's time for you to do it, but I'm
552
00:36:10,180 --> 00:36:11,589
going to tell you how you'll know.
553
00:36:11,920 --> 00:36:12,220
Okay.
554
00:36:12,220 --> 00:36:13,450
So put this in your notes today.
555
00:36:13,480 --> 00:36:14,230
Is it the takeaway?
556
00:36:14,230 --> 00:36:14,620
Okay.
557
00:36:16,500 --> 00:36:20,880
All of you are here to learn
how to trade your own money.
558
00:36:21,870 --> 00:36:24,000
You're not going to ask me what
I think the market's going to do.
559
00:36:24,750 --> 00:36:27,450
You're not going to be on Twitter,
asking what everybody else with the
560
00:36:27,450 --> 00:36:32,400
most Twitter followers thinks about gold
or pork bellies, not to the only don't
561
00:36:32,400 --> 00:36:35,250
trade them anymore, but you're not going
to care about anybody else's opinion,
562
00:36:37,520 --> 00:36:41,120
the way you know, you're going to be
ready to trade your own funds is when
563
00:36:41,120 --> 00:36:46,460
you're able to sit down in front of the
charts and within minutes know exactly.
564
00:36:46,490 --> 00:36:47,660
Is there something to trade?
565
00:36:48,680 --> 00:36:51,770
If there is something to trade,
what's the risk on that trade?
566
00:36:53,240 --> 00:36:53,570
Okay.
567
00:36:53,570 --> 00:36:59,660
That's the first thing you define now,
can I take a trade with that risk?
568
00:36:59,810 --> 00:37:03,410
Even if I know the market's going to
go to a specific level, can I frame
569
00:37:03,410 --> 00:37:09,049
a trade that makes sense logically
with risk parameters outlined before
570
00:37:09,049 --> 00:37:13,160
I even think about the money, if it
doesn't give you good risk models.
571
00:37:15,404 --> 00:37:19,185
But if you can quickly go into
the marketplace on a given day, go
572
00:37:19,185 --> 00:37:22,545
right in there and quickly discern,
okay, there's an opportunity.
573
00:37:22,875 --> 00:37:24,134
The risk is defined to this.
574
00:37:24,375 --> 00:37:28,275
I can get a multiple of three or more
preferably three or more at the end of
575
00:37:28,275 --> 00:37:31,605
this mentorship, you're only looking
at five to one setups only, and it
576
00:37:31,605 --> 00:37:33,255
reduces your frequency of trade.
577
00:37:33,735 --> 00:37:35,595
And that's going to go against
what some of you all want to do.
578
00:37:35,595 --> 00:37:36,795
You all want to trade every single day.
579
00:37:36,795 --> 00:37:38,205
Sometimes you want to trade twice.
580
00:37:38,205 --> 00:37:38,865
You want to trade money.
581
00:37:38,865 --> 00:37:39,645
You want to trade New York.
582
00:37:40,755 --> 00:37:41,985
Believe me, I know what that feels like.
583
00:37:41,985 --> 00:37:46,875
I did the same stuff, but the
way, you know, you graduate into
584
00:37:48,134 --> 00:37:49,485
knowing when the tray would lie.
585
00:37:49,485 --> 00:37:56,325
Funds is when you can consistently for at
least three months consistently sit down
586
00:37:56,384 --> 00:38:00,045
and observe the market and say, okay,
I have a setup and then execute on it.
587
00:38:01,005 --> 00:38:06,435
Either it pays out profitably on a demo,
or it hits a stop that was reasonable.
588
00:38:06,735 --> 00:38:08,145
And you, cause you're
going to take losses.
589
00:38:08,145 --> 00:38:08,775
It's going to happen.
590
00:38:09,105 --> 00:38:10,125
You're going to see me take a loss.
591
00:38:10,125 --> 00:38:11,115
It's going to happen.
592
00:38:11,235 --> 00:38:11,955
So prepare yourself.
593
00:38:12,765 --> 00:38:15,135
But your losses will be small
and manageable, and they're not
594
00:38:15,135 --> 00:38:17,895
going to undo your mental, mental
state about what you're doing as a
595
00:38:17,895 --> 00:38:19,905
trader, or you're going to discern.
596
00:38:19,905 --> 00:38:20,625
There's nothing to do.
597
00:38:20,865 --> 00:38:25,455
And you're consistently able to find
setups that pay out with low risk
598
00:38:25,755 --> 00:38:27,615
multiples of three or more in reward.
599
00:38:28,305 --> 00:38:33,165
And you can do this for at least three
months after you have discerned, what
600
00:38:33,165 --> 00:38:38,175
type of trader you're going to be then,
and only then contemplate put money
601
00:38:38,175 --> 00:38:43,125
in then only not anybody else telling
you that you're ready, because then
602
00:38:43,125 --> 00:38:46,125
you'll know what it feels like to be
consistent about what you're looking for.
603
00:38:46,725 --> 00:38:51,135
And believe me, that's why we had the live
sessions, the show that we can read where
604
00:38:51,135 --> 00:38:52,665
prices most likely going to reach for.
605
00:38:53,385 --> 00:38:57,525
And if you continuously program
yourself to look at that every single
606
00:38:57,525 --> 00:39:01,365
trading day, and you use a higher
timeframe chart, then it will help
607
00:39:01,365 --> 00:39:03,375
you get to that conclusion sooner.
608
00:39:03,885 --> 00:39:07,365
And it's not a rush to get the
live trading, but you want to know
609
00:39:07,365 --> 00:39:10,305
that you're doing it systematically
and methodically and not just
610
00:39:10,305 --> 00:39:11,295
rushing to get in there and gain.
611
00:39:12,640 --> 00:39:15,620
And the worst thing you could
possibly do is get a groove on and
612
00:39:15,640 --> 00:39:18,550
in getting in alignment with what
we're expecting in charts and watch
613
00:39:18,550 --> 00:39:21,760
them unfold and then say, okay, I
need to help pay for this mentorship.
614
00:39:22,150 --> 00:39:25,480
I need to, I need to, I need to get
my $150 back, you know, cause if
615
00:39:25,480 --> 00:39:28,180
that's weighing on you, you probably
should've never signed up for this.
616
00:39:29,050 --> 00:39:31,060
That's why I said, you've got
to get a job, deliver pizza,
617
00:39:31,090 --> 00:39:31,810
do whatever you gotta do.
618
00:39:32,080 --> 00:39:32,890
There's no shame in that.
619
00:39:33,220 --> 00:39:34,960
Do what you gotta do
to get your education.
620
00:39:34,960 --> 00:39:37,090
Once you get it, you can't forget it.
621
00:39:37,690 --> 00:39:40,870
It doesn't mean I can't take it
back from you once you learn this.
622
00:39:41,110 --> 00:39:44,590
I can't say, well, you know, I'm
sorry I taught you, you know,
623
00:39:44,600 --> 00:39:46,090
can you work that back to me now?
624
00:39:46,120 --> 00:39:46,720
It's yours.
625
00:39:47,320 --> 00:39:49,210
Once you obtain it, you have it.
626
00:39:50,680 --> 00:39:51,130
Yes.
627
00:39:51,190 --> 00:39:54,460
Uh, the question is, is there a
five, the one set up each week?
628
00:39:54,490 --> 00:39:55,030
Absolutely.
629
00:39:55,030 --> 00:39:55,630
Every single week.
630
00:39:56,740 --> 00:39:57,950
They're the ones I load up on.
631
00:39:57,950 --> 00:39:59,620
Wonder like my one shot one kill setups.
632
00:40:00,780 --> 00:40:05,550
That's the, that's the primary focus of
this mentorship, whether you're a day
633
00:40:05,550 --> 00:40:10,440
trader or a position trader or not to take
away is you won't need to be a day trader.
634
00:40:10,530 --> 00:40:13,320
You won't need to do that, but
you will be excellent at it.
635
00:40:13,530 --> 00:40:16,680
You'll be able to do extremely,
very, very well as a day trader,
636
00:40:16,950 --> 00:40:20,670
which is crazy because most people
will tell you that they trading.
637
00:40:20,940 --> 00:40:22,200
Nobody makes money day trading.
638
00:40:22,200 --> 00:40:23,010
And I laugh at that.
639
00:40:23,190 --> 00:40:24,599
Even my mentor, Larry Williams.
640
00:40:24,660 --> 00:40:27,480
And he says, you know, I've made a lot
of my day trading, but I've never seen
641
00:40:27,480 --> 00:40:28,800
anybody consistently be able to do it.
642
00:40:28,890 --> 00:40:30,330
Well, we're doing it every single day.
643
00:40:30,420 --> 00:40:33,540
You know, we're calling the market every
single time we sit in the, in the charts,
644
00:40:33,900 --> 00:40:37,800
we caught a specific level and we identify
whether there's a real trade there or not.
645
00:40:38,310 --> 00:40:38,760
Okay.
646
00:40:38,910 --> 00:40:42,780
But long and short of it is
you're not going to sit down
647
00:40:42,780 --> 00:40:43,710
every single day and trade.
648
00:40:44,280 --> 00:40:48,630
And to have that mindset in this
mentorship, you're going against the
649
00:40:48,630 --> 00:40:50,280
intended purpose of your education.
650
00:40:50,550 --> 00:40:54,870
You're trying to learn how to trade
when the quality setups are there.
651
00:40:55,290 --> 00:40:57,930
Not how many trades you can
prove he traded profitably.
652
00:40:58,620 --> 00:40:59,340
It's much better.
653
00:41:00,075 --> 00:41:03,975
To be able to sit and wait for a up
that has so many things going for
654
00:41:03,975 --> 00:41:07,425
it, then to sit there and say, well,
I'm taking a trade today because
655
00:41:07,755 --> 00:41:12,555
you know, I have time and I got time
all week and I could be in London.
656
00:41:12,615 --> 00:41:13,425
I can be in there.
657
00:41:13,785 --> 00:41:14,145
You know?
658
00:41:18,095 --> 00:41:23,375
No, the question was from, uh,
from, uh, pre-charged Mopar, was
659
00:41:23,375 --> 00:41:26,495
there a set or is there a set up
five, the one each trading week?
660
00:41:26,495 --> 00:41:29,255
And I said, yes, that's the
context of the one shot one kill.
661
00:41:35,525 --> 00:41:40,325
So anyway, the point is we're not trying
to trade just for the sake of trading.
662
00:41:40,535 --> 00:41:44,015
We're only putting our money at
risk when it makes the most sense.
663
00:41:44,315 --> 00:41:48,875
And we have velocity, you have to
have velocity behind your money.
664
00:41:48,905 --> 00:41:55,175
Otherwise it takes time for that money to
come back to you to return back to a risk.
665
00:41:56,940 --> 00:42:00,990
The majority of your time, your
money will be in a risk plus state.
666
00:42:00,990 --> 00:42:04,950
That means it's not at work
and you're only putting it to
667
00:42:04,950 --> 00:42:07,440
work when it's highly probable.
668
00:42:08,280 --> 00:42:12,030
And that goes against what everyone else
does and trading everyone else trades
669
00:42:12,030 --> 00:42:17,280
every single day, or they're trying to
force a trade because they have time,
670
00:42:17,610 --> 00:42:21,930
their availability, their, their day off
they've taken a day off or two, you know,
671
00:42:21,930 --> 00:42:23,880
I'm, I'm, I've, I've slotted some time.
672
00:42:23,880 --> 00:42:26,250
And Michael, I'm going to, I'm going
to put some practice time in and I
673
00:42:26,250 --> 00:42:29,580
expect to make some money trading, but
that's not how this is going to work.
674
00:42:30,150 --> 00:42:34,860
And that's all part of a myopic viewpoint
that needs to graduate into a more
675
00:42:34,860 --> 00:42:36,660
mature view on how the markets operate.
676
00:42:37,020 --> 00:42:41,160
The market's not going to
submit itself to your schedule.
677
00:42:41,220 --> 00:42:45,090
It's not going to, you need to
submit yourself to it schedule and
678
00:42:45,090 --> 00:42:48,360
when price releases and it trades
where we want it to go, it's going
679
00:42:48,360 --> 00:42:49,590
to happen on its own timeframe.
680
00:42:49,590 --> 00:42:53,280
It's not going to happen because you want
it to, you have to study it and observe
681
00:42:53,280 --> 00:42:55,080
it before it gets to the point, which.
682
00:42:55,800 --> 00:42:56,790
It becomes second nature.
683
00:42:57,360 --> 00:42:58,500
You won't think about it anymore.
684
00:42:58,530 --> 00:42:59,700
It'll just, it'll just happen.
685
00:43:00,000 --> 00:43:01,140
You won't force it.
686
00:43:01,500 --> 00:43:04,170
You won't require anybody
else to support your idea.
687
00:43:04,230 --> 00:43:08,220
You won't ask me, Hey, I'm looking at this
and you do, you think is a good trade.
688
00:43:08,610 --> 00:43:12,930
If you're doing that or even think to
do that, don't, don't do that because
689
00:43:12,930 --> 00:43:14,430
you're actually stunting your growth.
690
00:43:15,030 --> 00:43:17,370
You don't want me to help you, right.
691
00:43:17,370 --> 00:43:21,090
When you're wanting to ask the question
about, you know, is this a time to take
692
00:43:21,090 --> 00:43:24,210
a trade that's when you're going to do
your greatest learning, there you go.
693
00:43:24,240 --> 00:43:25,620
Just happen again, right in front of you.
694
00:43:26,400 --> 00:43:27,480
Now it's not a big move.
695
00:43:28,110 --> 00:43:33,330
That's not a big move, but the fact that
we're able to read where the market makers
696
00:43:33,330 --> 00:43:36,240
will reprice to even on a small scale.
697
00:43:36,480 --> 00:43:38,670
The only thing you're going to
end up doing is taking these same
698
00:43:38,670 --> 00:43:42,540
things and apply them to a longer
term chart, an hourly chart, or a
699
00:43:42,540 --> 00:43:44,220
four hour chart and a daily chart.
700
00:43:44,640 --> 00:43:48,930
And you're gonna use all these specific
criteria that I give you and we'll end up
701
00:43:48,930 --> 00:43:53,250
fleshing it out into a specific flow chart
where you'll do this at the beginning.
702
00:43:53,310 --> 00:43:53,610
You'll have.
703
00:43:54,570 --> 00:43:54,960
Okay.
704
00:43:55,230 --> 00:43:56,700
Do I do this or do I do that?
705
00:43:57,030 --> 00:44:01,800
If there's criteria isn't met, then
you just go to the next stage, then
706
00:44:01,800 --> 00:44:03,930
you watch the next decision point.
707
00:44:03,930 --> 00:44:04,290
Okay.
708
00:44:04,470 --> 00:44:05,490
Do I do anything here?
709
00:44:05,640 --> 00:44:09,000
If there isn't anything to do
you wait, if it kills the trade,
710
00:44:09,120 --> 00:44:10,140
then you go back to square one.
711
00:44:10,140 --> 00:44:11,250
You go back to the original decision.
712
00:44:11,550 --> 00:44:12,330
Do I do anything?
713
00:44:12,420 --> 00:44:13,980
If there's nothing to
trade on, then you wait.
714
00:44:14,460 --> 00:44:21,750
But each process, each individual process
has its own reasons for being considered.
715
00:44:22,440 --> 00:44:24,780
And it's binary it's either
you do, or you don't.
716
00:44:25,530 --> 00:44:30,000
And when you get to that thinking process
where you're not requiring a whole lot in
717
00:44:30,000 --> 00:44:36,180
parts of, you know, like for instance, if
we had, um, the folks that are all still
718
00:44:36,180 --> 00:44:40,440
in the free section area of my stuff, the
people that never joined us mentorship,
719
00:44:40,470 --> 00:44:42,180
if we could all get in a room to.
720
00:44:43,080 --> 00:44:43,500
Okay.
721
00:44:43,650 --> 00:44:45,330
And then we can all segregate ourselves.
722
00:44:45,330 --> 00:44:45,509
Okay.
723
00:44:45,509 --> 00:44:47,850
This is the one, this is side of
the room that has the mentorship
724
00:44:48,480 --> 00:44:52,170
and the other side, which will be
the majority, the thousands that
725
00:44:52,380 --> 00:44:54,810
didn't join, which I'm glad because
I couldn't be able to deal with it.
726
00:44:54,810 --> 00:44:56,759
Can you imagine if we would've
had 6,000 people in here?
727
00:44:57,360 --> 00:44:58,350
I would've blew my brains out.
728
00:44:58,380 --> 00:44:59,100
I just would have done it.
729
00:44:59,150 --> 00:44:59,610
It never would.
730
00:44:59,610 --> 00:45:01,470
Would've I never would have
been able to talk to you today.
731
00:45:02,970 --> 00:45:05,940
That'd be a mess, but that's the
same for a moment that we had 6,000
732
00:45:05,940 --> 00:45:07,200
people on the other side of the room.
733
00:45:07,319 --> 00:45:07,740
Okay.
734
00:45:07,860 --> 00:45:10,350
And you've 800 people or
own left side of the room.
735
00:45:11,700 --> 00:45:12,029
Okay.
736
00:45:12,060 --> 00:45:21,210
Now, if I was to ask you all, do I have a
lot of things that I use when I trade the
737
00:45:21,210 --> 00:45:23,040
people that are stuck in the mentorship?
738
00:45:23,400 --> 00:45:23,730
Okay.
739
00:45:23,730 --> 00:45:25,589
Right now we'll know that.
740
00:45:25,860 --> 00:45:27,720
How many things are you
seeing me talk about?
741
00:45:27,779 --> 00:45:32,100
Like, when we talk about this
move here, did I pull up a myriad
742
00:45:32,130 --> 00:45:34,770
of things that I talk about in
terms of the free mentorship?
743
00:45:36,450 --> 00:45:37,589
What tool did I use?
744
00:45:38,940 --> 00:45:40,170
Was there a Trinity used here?
745
00:45:40,170 --> 00:45:40,830
Was there any pivotal.
746
00:45:44,830 --> 00:45:46,660
I focused on price.
747
00:45:46,660 --> 00:45:47,110
Action.
748
00:45:48,760 --> 00:45:49,330
That's all.
749
00:45:49,330 --> 00:45:50,230
That's all I did.
750
00:45:50,590 --> 00:45:53,530
I gave you institutional order
flow and where the market maker
751
00:45:53,530 --> 00:45:55,540
is going to take price and why?
752
00:45:55,600 --> 00:45:57,430
I don't believe it was going to go up.
753
00:45:57,940 --> 00:45:59,140
I told you it was going to go down.
754
00:45:59,800 --> 00:46:04,150
I explain it to you in, in, in
as clear as I could, without
755
00:46:04,210 --> 00:46:05,350
adding other things to it.
756
00:46:05,350 --> 00:46:07,780
Now there's other things that you're
going to learn to help me get to
757
00:46:07,780 --> 00:46:10,970
that point and it'll help you too.
758
00:46:10,970 --> 00:46:12,800
But eventually you
won't need those things.
759
00:46:12,830 --> 00:46:16,880
They're just going to be things in the
way you want to be looking at price.
760
00:46:17,570 --> 00:46:18,020
Okay.
761
00:46:18,350 --> 00:46:22,670
So when you're in a mentorship, you're
going to see that we will refer to all
762
00:46:22,670 --> 00:46:27,410
those same tools that were shared in
the free men, free membership stuff.
763
00:46:27,470 --> 00:46:30,440
You know, all these free tutorials,
we're going to reference those things,
764
00:46:31,100 --> 00:46:34,700
but you're going to see that I'm not
relying on that stuff every single day.
765
00:46:34,700 --> 00:46:35,870
Like that traders checklist.
766
00:46:35,870 --> 00:46:38,655
When you, when you went through the
trading plan, You probably looked at
767
00:46:38,655 --> 00:46:42,855
that chain checks checklist, and you're
like, what the hell I got to do all this?
768
00:46:43,095 --> 00:46:47,125
I'd rather just stick on a indicator
and just let me, let me focus on that.
769
00:46:47,125 --> 00:46:50,115
That's a lot of stuff, but you'd
be surprised at checklists.
770
00:46:50,445 --> 00:46:52,245
I did that whole entire checklist.
771
00:46:53,445 --> 00:46:56,355
When I looked at the price action while I
was talking to you, it just went through
772
00:46:56,355 --> 00:46:57,945
the whole process of me thinking about it.
773
00:46:58,695 --> 00:46:59,445
That's all I did.
774
00:46:59,445 --> 00:47:03,345
I just went through all of those same
things, same things, but I did it
775
00:47:03,345 --> 00:47:06,225
in such a quick speed because I've
been doing it for so long and that
776
00:47:06,225 --> 00:47:07,545
same thing's going to happen for you.
777
00:47:08,475 --> 00:47:12,915
So while there's a ton of information
and there's a ton of tools and concepts
778
00:47:13,485 --> 00:47:18,045
your brain, because you'll think like
a flow chart, you'll go from one P one
779
00:47:18,075 --> 00:47:21,075
position of decision or lack of decision.
780
00:47:21,345 --> 00:47:21,645
Okay.
781
00:47:21,645 --> 00:47:23,025
In other words, there has nothing to do.
782
00:47:23,175 --> 00:47:26,565
You wait, if there's something
to do, then you execute and
783
00:47:26,565 --> 00:47:27,465
you move to the next stage.
784
00:47:27,855 --> 00:47:28,095
Okay.
785
00:47:28,095 --> 00:47:28,755
Do I take a tree?
786
00:47:29,625 --> 00:47:34,065
Okay, well, where's the risk at if the
risk is XYZ and it's beyond what your
787
00:47:34,065 --> 00:47:37,485
normal, uh, uh, parameters are, then
you go back to the original state.
788
00:47:37,485 --> 00:47:41,055
You can't take any trade, but if it
meets the risk criteria, then the
789
00:47:41,055 --> 00:47:44,025
next stage is okay, where would my not
my, where would my first target bait?
790
00:47:45,585 --> 00:47:46,065
Cause cut.
791
00:47:46,095 --> 00:47:48,735
Can I cut my risk in half at first target?
792
00:47:48,765 --> 00:47:49,545
Because that's the goal.
793
00:47:50,384 --> 00:47:54,404
So whatever you're risking on your trade,
if you can't take first profit and reduce
794
00:47:54,404 --> 00:47:58,904
the risk in half at that point, it's
not a good trade and I don't give a shit
795
00:47:58,935 --> 00:48:01,455
how far away the ultimate objective is.
796
00:48:02,055 --> 00:48:06,134
If you can't take first profit
and re remove half the risk off at
797
00:48:06,134 --> 00:48:07,685
first profit, that's not a good.
798
00:48:10,335 --> 00:48:14,475
Now there are, there's a checklist that
I'm talking about here that is in the
799
00:48:14,475 --> 00:48:19,875
trading plan, decision, train, panacea,
trading, plan development, uh, module.
800
00:48:19,875 --> 00:48:23,565
I have, uh, it's in my freezer,
uh, free tutorials website.
801
00:48:24,435 --> 00:48:26,475
I can tell you there's a
lot of information on that.
802
00:48:26,655 --> 00:48:27,135
Okay.
803
00:48:27,315 --> 00:48:30,585
And you're welcome to go look at that and
take a look at it and all that business.
804
00:48:30,735 --> 00:48:31,005
Okay.
805
00:48:31,005 --> 00:48:34,425
But the mentorship is a
fast track all through that.
806
00:48:35,175 --> 00:48:37,965
So you're welcome to go watch that
one, but I'm just going to give you
807
00:48:37,975 --> 00:48:42,675
an abbreviated view of it and applique
application of it, because there's a
808
00:48:42,675 --> 00:48:47,235
lot of things that are necessary, but
as a new trader, it is necessary because
809
00:48:47,235 --> 00:48:52,125
you need to think like that initially,
but it's a lot of work, but I can
810
00:48:52,215 --> 00:48:53,655
tell you about people that watched it.
811
00:48:53,985 --> 00:48:56,205
They were thinking what the
hell, that's a lot of stuff.
812
00:48:56,925 --> 00:49:02,025
And it, it requires work and
lazy makes no money in trading.
813
00:49:03,045 --> 00:49:05,835
Write that in your book
today and your notes later.
814
00:49:07,105 --> 00:49:09,444
Makes zero money.
815
00:49:11,214 --> 00:49:11,995
It doesn't happen.
816
00:49:13,045 --> 00:49:17,725
So when you look at those things that
I give you into in that trading plan
817
00:49:17,725 --> 00:49:22,194
development, that checklist, that all
happens in minutes, but it feels like,
818
00:49:22,464 --> 00:49:26,335
I mean, I missed the trade by then,
by going through all that checklist
819
00:49:26,515 --> 00:49:29,815
by then, the market's already moved
and it probably is if you're trading
820
00:49:29,815 --> 00:49:32,395
on a one minute chart and that's
why we don't trade on a one minute
821
00:49:32,395 --> 00:49:35,035
chart, we use an executable timeframe.
822
00:49:35,035 --> 00:49:38,845
15 minutes is a good trading timeframe
for four day trade because it gives
823
00:49:38,845 --> 00:49:41,395
you time to watch the setup pan out.
824
00:49:48,815 --> 00:49:50,435
Um, I'm getting a million questions.
825
00:49:50,645 --> 00:49:51,515
Can I have the checklist?
826
00:49:51,515 --> 00:49:55,835
Now the checklist is mentioned in
the, uh, train plan development,
827
00:49:56,315 --> 00:50:01,085
but that's not the, that's not the
mentorship, but flow flowchart thing.
828
00:50:01,085 --> 00:50:02,915
You're going to get in August, 2017.
829
00:50:06,765 --> 00:50:10,725
But it's meant as a new trader,
how you should start thinking
830
00:50:11,024 --> 00:50:12,345
on a basis of decision.
831
00:50:13,544 --> 00:50:16,484
You know, when you look at a trade, it's
too easy to say, okay, it's going up.
832
00:50:16,515 --> 00:50:17,774
It's been going on for 150 pips.
833
00:50:17,805 --> 00:50:20,805
I got to buy it now because it's going
to go up now, at least another 900
834
00:50:20,805 --> 00:50:21,975
pips, it's been going up a hundred.
835
00:50:22,214 --> 00:50:24,345
So it has to go up another 900.
836
00:50:24,444 --> 00:50:25,245
It can't retrace.
837
00:50:25,245 --> 00:50:27,194
It's got to go straight up from
here, so I'm going to buy it.
838
00:50:27,584 --> 00:50:28,785
And that's what I did too.
839
00:50:28,785 --> 00:50:33,435
As a nutrient, when I was trading tamales,
I would watch these markets take off and I
840
00:50:33,435 --> 00:50:35,294
would watch it keep going and keep going.
841
00:50:35,305 --> 00:50:37,575
I'm like, man, I got to get in
here and I would buy the high.
842
00:50:39,455 --> 00:50:45,185
So the point is it's not necessary
for you to be in here every single
843
00:50:45,185 --> 00:50:47,105
trading day trading life funds.
844
00:50:47,705 --> 00:50:50,944
In fact, I've already told several
of you and you know who you are
845
00:50:51,365 --> 00:50:53,734
that you're struggling because
you're trying to force something to
846
00:50:53,734 --> 00:50:55,355
happen just because you're in here.
847
00:50:55,865 --> 00:50:56,524
Don't do that.
848
00:50:57,064 --> 00:50:57,484
You're in here too.
849
00:50:58,545 --> 00:51:02,505
Nobody goes into, uh, into the
medical field to be a surgeon.
850
00:51:02,625 --> 00:51:05,025
And when their first day of school,
they don't place a scalpel in
851
00:51:05,025 --> 00:51:07,365
their hands and say, Hey, look,
Tom just fell asleep next to you.
852
00:51:07,634 --> 00:51:10,065
See if you can do an appendectomy
on him, see, see how long have
853
00:51:10,065 --> 00:51:12,435
you get to see how fast you can
get that done before he wakes up.
854
00:51:13,694 --> 00:51:14,384
It doesn't work.
855
00:51:14,415 --> 00:51:15,645
You can't do these types of things.
856
00:51:15,944 --> 00:51:18,795
So you, you don't know what
you're doing yet as a trader.
857
00:51:18,795 --> 00:51:23,205
And just simply because you're in the
same realm we're talking and we're
858
00:51:23,205 --> 00:51:24,645
exchanging ideas and you're learning.
859
00:51:24,975 --> 00:51:27,615
It doesn't mean that you're absolutely
ready to go in and start taking trades.
860
00:51:27,795 --> 00:51:31,154
And some of you are encountering
that and you're not listening.
861
00:51:31,424 --> 00:51:34,095
So please let me gently remind you again.
862
00:51:34,845 --> 00:51:36,735
You're paying for me to teach you.
863
00:51:37,964 --> 00:51:40,694
I have done this a long, long time.
864
00:51:41,505 --> 00:51:44,985
I have taught people for last 12 years.
865
00:51:45,464 --> 00:51:46,005
Okay.
866
00:51:46,065 --> 00:51:49,305
That have learned a great deal
of, of what you're learning.
867
00:51:49,305 --> 00:51:49,634
Now.
868
00:51:51,225 --> 00:51:55,005
I, I started teaching well, before
I should have in the late nineties.
869
00:51:55,125 --> 00:51:56,625
I didn't know as much as I thought I did.
870
00:51:57,690 --> 00:52:01,740
Over the last 12 years, I can tell
you, I have learned more about
871
00:52:01,740 --> 00:52:04,470
the markets than any other time.
872
00:52:06,390 --> 00:52:10,290
If you trust me enough to pay
me money, trust me enough.
873
00:52:10,320 --> 00:52:16,380
When I tell you, please don't trade don't
because you're not going to help yourself.
874
00:52:17,009 --> 00:52:20,310
You're not going to learn, and you're
not going to take advantage of the time
875
00:52:20,490 --> 00:52:23,070
we have together for the 12 months.
876
00:52:23,070 --> 00:52:24,090
It's going to go by quickly.
877
00:52:24,840 --> 00:52:25,860
It's going to go by quickly.
878
00:52:26,040 --> 00:52:31,140
And if you waste it trying to make
money rushing, you're going to
879
00:52:31,140 --> 00:52:33,779
waste the wonderful opportunity,
because I'm not doing this again.
880
00:52:33,900 --> 00:52:34,890
It's not happening again.
881
00:52:35,759 --> 00:52:40,560
So use this to your advantage, take
the whole aspect of money out of it.
882
00:52:41,520 --> 00:52:42,690
Don't worry about that money.
883
00:52:42,690 --> 00:52:46,500
I'm telling you the money is easy
to make once you know what you're
884
00:52:46,500 --> 00:52:50,009
doing, and it comes very quickly and
you don't need to risk a lot of it,
885
00:52:50,880 --> 00:52:52,710
but some of you folks are just so.
886
00:52:53,475 --> 00:52:54,134
Geared up.
887
00:52:54,165 --> 00:52:56,145
You want to trade, okay.
888
00:52:56,145 --> 00:52:56,955
And you have to do it.
889
00:52:56,955 --> 00:52:57,315
Now.
890
00:52:57,465 --> 00:52:59,085
You've got to get that $150 back.
891
00:52:59,235 --> 00:53:00,045
You got to make money.
892
00:53:00,045 --> 00:53:01,755
Now you feel like you're
wasting your time.
893
00:53:02,325 --> 00:53:03,735
You need to start thinking that way.
894
00:53:04,455 --> 00:53:07,125
Believe me, I have your
best intentions in mind.
895
00:53:08,325 --> 00:53:10,695
If you trust me, then trust me.
896
00:53:11,384 --> 00:53:13,545
You will, I will get you
where you want to be at.
897
00:53:13,634 --> 00:53:16,065
And you won't require me
to handhold you anymore.
898
00:53:16,425 --> 00:53:17,985
You won't look for
anybody else to help you.
899
00:53:18,225 --> 00:53:21,345
You'll be confident about what it is that
you're going to do, but I have to take
900
00:53:21,345 --> 00:53:23,985
you through a process that takes time.
901
00:53:24,915 --> 00:53:26,655
And it's going to require
you to listen to me.
902
00:53:26,685 --> 00:53:29,835
And if you don't listen, it's not
me not being able to teach you.
903
00:53:29,835 --> 00:53:31,965
It's you not listening
to the instructions.
904
00:53:32,325 --> 00:53:34,725
And the first instruction was no trading.
905
00:53:36,195 --> 00:53:37,815
You have to, you have to do this.
906
00:53:38,205 --> 00:53:42,825
If you don't, you're going to waste your
money and you're going to waste your time.
907
00:53:43,155 --> 00:53:46,395
And that's a terrible feeling,
especially when I'm going to be showing
908
00:53:46,395 --> 00:53:47,655
you exactly what you should be doing.
909
00:53:50,255 --> 00:53:50,915
So I'm going to close it.
910
00:53:52,975 --> 00:53:53,495
Oh, cool.
911
00:53:53,535 --> 00:53:55,134
I'm gonna close this session on that note.
912
00:53:55,615 --> 00:54:00,984
And, uh, just to understand it,
this, there is all the learning
913
00:54:00,984 --> 00:54:02,845
that's ahead of you will happen.
914
00:54:02,964 --> 00:54:07,134
It'll be it'll happen on its own, but
you got to let me take you through it.
915
00:54:07,165 --> 00:54:09,504
There's a process that you have to
go through and then even if you don't
916
00:54:09,504 --> 00:54:14,665
agree with it, trust me, you're on
the outside looking in and I was
917
00:54:14,665 --> 00:54:18,865
exactly where you are right now and
what I thought I needed to know.
918
00:54:18,984 --> 00:54:21,145
I didn't and what I needed to know.
919
00:54:21,145 --> 00:54:23,424
I had no understanding about what it was.
920
00:54:24,174 --> 00:54:28,555
I am on the inside and I'm telling
you, my perspective is clear.
921
00:54:29,995 --> 00:54:34,464
I don't, I don't need to worry about
it anymore because I understand, I
922
00:54:34,464 --> 00:54:38,334
understand how you feel, but trust
me when I'm telling them, telling
923
00:54:38,334 --> 00:54:45,084
you, relax, just relax and let
this whole process take its course.
924
00:54:46,464 --> 00:54:49,975
Even when I'm done delivering the content,
I will be here for an entire month.
925
00:54:50,035 --> 00:54:50,855
Every single.
926
00:54:52,465 --> 00:54:56,275
And the whole, the whole time will be
us spending the whole, the whole New
927
00:54:56,275 --> 00:54:58,555
York session, the whole London session.
928
00:54:58,975 --> 00:55:03,505
When I sit down with you, I will be
there for hours and I will answer
929
00:55:03,505 --> 00:55:06,475
anything that comes up and anything
that comes up that entire month,
930
00:55:06,475 --> 00:55:07,615
there won't be any more content.
931
00:55:07,855 --> 00:55:10,435
It'll just be my time and
answering everything that
932
00:55:10,435 --> 00:55:11,515
comes up to me in question.
933
00:55:12,085 --> 00:55:14,965
So trust me, I'm not going to leave
you high and dry, even just simply
934
00:55:14,965 --> 00:55:16,435
because I give you the content.
935
00:55:16,765 --> 00:55:21,775
I'm not going to vanish to just settle
down, just relax and let me do what I
936
00:55:21,775 --> 00:55:24,625
promised I was going to do, but you have
to hold your end of the bargain up to
937
00:55:25,015 --> 00:55:26,515
that means don't trade with live funds.
938
00:55:26,995 --> 00:55:27,565
Don't do it.
939
00:55:28,075 --> 00:55:33,055
I don't want you doing things ahead
of what was the intended course.
940
00:55:33,685 --> 00:55:36,655
Don't do that because you're not going
to learn as, as well as you would have.
941
00:55:36,655 --> 00:55:37,615
You would just want to listen.
942
00:55:38,785 --> 00:55:39,535
Is that fair enough?
943
00:55:50,830 --> 00:55:51,220
Okay.
944
00:55:51,939 --> 00:55:57,069
So before I close it, did, uh, did the
dollar cab go right in where we were
945
00:55:57,069 --> 00:55:59,259
talking to in regards to the stops,
946
00:56:03,730 --> 00:56:06,520
did it close in that liquidity
void up there at 32 80?
947
00:56:16,120 --> 00:56:20,049
Did it come up in here and trade
into that liquid, that bare shoulder
948
00:56:20,049 --> 00:56:24,970
block in here, we went through it,
but didn't come up into the area here
949
00:56:28,950 --> 00:56:31,500
and then expansion, because
where are we at in here?
950
00:56:31,500 --> 00:56:35,069
When price was up until this point
here price was where think like
951
00:56:35,069 --> 00:56:40,640
the algo consolidation, right?
952
00:56:41,820 --> 00:56:42,690
Consolidation.
953
00:56:42,720 --> 00:56:47,420
What happens after
consolidation expansion?
954
00:56:48,290 --> 00:56:49,580
Where's it going to expand
955
00:56:53,530 --> 00:56:54,280
to liquidity?
956
00:56:56,610 --> 00:56:59,160
Once it gets that liquidity,
then what's going to happen?
957
00:56:59,970 --> 00:57:03,780
What can happen once it, once the
expansion happens, what's the next
958
00:57:03,780 --> 00:57:05,490
two phases that can only occur
959
00:57:12,350 --> 00:57:14,930
the change in direction
or a consolidation.
960
00:57:16,100 --> 00:57:17,240
They're the only two
things that can happen.
961
00:57:17,570 --> 00:57:22,070
So once we get to a liquidity pool,
we either expect it to retrace in
962
00:57:22,070 --> 00:57:27,650
the form of a reversal or retracement
or those in the consolidation.
963
00:57:29,810 --> 00:57:32,960
Even if it's going to continue going
lower, we anticipate that that's
964
00:57:32,960 --> 00:57:33,950
the same thing that the album.
965
00:57:35,430 --> 00:57:38,819
Okay, so I'm gonna close this wish
you all very pleasant afternoon,
966
00:57:38,850 --> 00:57:39,990
evening, morning, wherever you're at.
967
00:57:40,350 --> 00:57:44,339
And I Dre I sincerely thank
you for your patience.
968
00:57:44,370 --> 00:57:49,859
And I apologize to those individuals that
were uncomfortable over the last 24 hours.
969
00:57:50,339 --> 00:57:53,399
Um, I got to get the folks out of
here that are freeload and that's
970
00:57:53,399 --> 00:57:54,540
all, that's all I'm trying to do.
971
00:57:54,810 --> 00:57:59,129
So I hope you can appreciate
that you're paying for it and
972
00:57:59,700 --> 00:58:00,870
why should they get a free ride?
973
00:58:00,870 --> 00:58:03,210
They, you know, they have the
ability to pay for it as well.
974
00:58:03,629 --> 00:58:07,609
So I will probably.
975
00:58:08,834 --> 00:58:11,294
Probably send you some charts
tonight through Twitter.
976
00:58:11,354 --> 00:58:13,424
Um, I am exhausted admittedly though.
977
00:58:13,544 --> 00:58:15,584
So I wanted to spend a little
bit of time with you and give you
978
00:58:15,584 --> 00:58:17,055
something to watch real time today.
979
00:58:17,055 --> 00:58:20,654
So again, we have more, more exercise
where we saw it happen today.
980
00:58:21,075 --> 00:58:24,825
Not a ton of pips, not a million
pips, but something that's measurable
981
00:58:24,825 --> 00:58:26,325
that we can forecast that happens.
982
00:58:26,685 --> 00:58:28,875
And because we're using lower
timeframes, it gives me a lot
983
00:58:28,875 --> 00:58:29,924
of bank examples to show you.
984
00:58:30,524 --> 00:58:31,334
So I'm going to close.
985
00:58:31,334 --> 00:58:32,265
It wish you very well.
986
00:58:32,354 --> 00:58:34,455
And I'll check back with you on Twitter.
987
00:58:35,055 --> 00:58:40,455
And I don't, I don't foresee any
locking down on the forum going for,
988
00:58:40,464 --> 00:58:42,134
I think I pretty much got that now.
989
00:58:42,435 --> 00:58:47,404
Um, so yeah, I think, I think we're, I
think we're the clear in that regard,
990
00:58:47,705 --> 00:58:52,294
just as one more reminder for our close,
the username and passwords you have right
991
00:58:52,294 --> 00:58:54,365
now is the same one everyone's using.
992
00:58:54,904 --> 00:58:55,325
Okay.
993
00:58:55,595 --> 00:58:56,404
Don't share it.
994
00:58:56,734 --> 00:58:57,785
Don't give it to people.
995
00:58:57,814 --> 00:58:58,234
Okay.
996
00:58:58,685 --> 00:59:05,225
Um, in November 1st, when you make your
payment, I'm going to reply with when
997
00:59:05,225 --> 00:59:06,935
your, when your payment is received.
998
00:59:08,325 --> 00:59:12,585
The PayPal address, that's linked
to PayPal, your email address.
999
00:59:13,125 --> 00:59:17,745
I'm going to send you a request
for your satisfaction on month
1000
00:59:17,745 --> 00:59:23,685
two and a resubmitting of your
agreement to the terms of use
1001
00:59:23,955 --> 00:59:25,035
your agreement has to be on that.
1002
00:59:25,035 --> 00:59:26,504
And you have to show me
that you're satisfied.
1003
00:59:26,895 --> 00:59:31,515
If you do not do that, I'm rejecting
your payment and you're being removed
1004
00:59:32,085 --> 00:59:33,975
because we're going into on three.
1005
00:59:34,314 --> 00:59:35,625
It's a whole lot of setups.
1006
00:59:36,075 --> 00:59:38,654
There's a whole lot of actually
getting in here and doing this stuff.
1007
00:59:39,165 --> 00:59:43,035
And I don't want anyone in here
without having agreed to the terms
1008
00:59:43,424 --> 00:59:47,174
and without showing satisfaction
in agreement that month, two and
1009
00:59:47,174 --> 00:59:48,884
month one was to your satisfaction.
1010
00:59:49,274 --> 00:59:53,865
And I already know some of you that are
very cynical are gonna remind me, uh,
1011
00:59:53,875 --> 00:59:56,984
it was okay, but I didn't like the fact
that I got locked out of that one day.
1012
00:59:57,075 --> 00:59:58,035
I already know that's coming.
1013
00:59:58,125 --> 00:59:58,424
Okay.
1014
00:59:58,424 --> 01:00:04,424
And it was intended to protect the content
to preserve the integrity of the content.
1015
01:00:04,424 --> 01:00:04,694
So.
1016
01:00:06,149 --> 01:00:09,899
I can see you asking for the PDFs PDF
files come in the way of tutorials.
1017
01:00:10,169 --> 01:00:10,410
Okay.
1018
01:00:10,710 --> 01:00:13,620
Those teaching tutorials,
they all will have PDF files.
1019
01:00:14,040 --> 01:00:14,310
Okay.
1020
01:00:14,310 --> 01:00:16,589
So I'm going to close here.
1021
01:00:16,620 --> 01:00:17,430
Wish you all very well.
1022
01:00:17,460 --> 01:00:18,569
Thank you very much for your time.
1023
01:00:18,689 --> 01:00:20,939
Hope this was insightful
until I talked to you again.
1024
01:00:21,180 --> 01:00:22,620
Good luck and good paper trading.
85485
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