Original subtitles

All right, guys, we're going to be looking at a data range example and what

we focusing on the Australian dollar.

Now, if you've noticed we've had a little bit of a runoff on Aussie, and we're gonna

break this down a little bit and context, why I was expecting the, the levels that

we're looking at now to be hit looking at the charts that we share on the forum.

So if you're not paying attention to those charts, if you're not saving them, um, it

might be a good idea of while we're doing this month, not that I'm encouraging you

to do this throughout the mentorship, but when we do, um, daily reviews, I'm taking

you basically to the points at which I'm drawing my attention to on my own journal,

how I have reference points on my own charts, what you see may mean noting on

those daily entries on the forum, there, the points at which I'm keeping focus

in my own journal and any salient points that would be in addition to those levels,

I will make in terms of commentary.

But the, the month of January, when we do these daily entries, where I do the dollar

index, the Euro dollar British pound, us dollar, dollar, cat, and Aussie dollar.

When I share them with you, don't just click on them and wait for some kind of

a neon sign and say, buy here, sell here.

I want you to be focusing on what I'm drawing your attention to, and

then watching how price moves to these levels, regardless of what

type of trader you're going to be.

You're going to need to be focusing on how that happens from beginning or from

foresight to when now we can talk about it in hindsight, because all these things

are going to help you prepare yourself for when you anticipate something and

then waiting throughout that process, because it's not is quickly learned

by simply looking at hindsight example where I can say, okay, this is what

we said the market was going to do.

This is where we thought the market's going to happen.

And here it is, bang.

When you see it in the charts and draw your attention is drawn to it beforehand.

There's a submission to time that's required.

And unfortunately we gloss over that many times, even as educators like myself,

it's hard to communicate what's required in terms of having to wait for that

thing to unfold or develop in the chart just simply because we have a level or

an order block or a target, even for price to get to when you show a hindsight

example, that part of the lesson, which in my opinion, is the, that's the main,

that's the main point you have to learn.

You have to learn to wait for these things on unfold.

The impatience.

It's a market presents us an opportunity to experience is overwhelming sometimes.

And while I'm at many times a credited for being very patient, I am not

really a patient person at all.

I'm very impatient.

Uh, this, the reason why I don't do long-term assistant training, but I'm

going to counsel you to go in every single day when we do our daily entries

for the content, whether it be a video, a review, or whether it be a teaching, or

if it's something along the lines of just simply providing the charts, you want to

be really copying those charts, printing them out, make you hold me, hold me to

the standard of, if I know what I'm doing, then it should be evidenced in this.

Okay.

It's for, you know, for the most part, we've seen many times that occurring,

but for your learning, you need this.

Okay.

This is when this was noted.

This is when the observation was made to how long did it take for this to occur?

Now, since January is focused, primarily on the daily chart,

obviously each daily candle, when it paints and closes for the day, it

obviously takes 24 hours to do that.

So yes, we can glibly say that takes 24 hours for this came up a form,

and this is what it takes in terms of, uh, the setup or level being

reached over this period of time.

It took three days or four days or two weeks.

You need to experience that you need to be being mindful

of how long those things take.

Especially on these hard timeframe charts.

If you don't do this and you're new, or you're just a relatively inexperienced

trader, some of you that are in my group that have been trading for a long time,

know exactly what I'm referring to.

There, there's a big gap in between learning something with examples and

hindsight and textbook, and even being taught something in a webinar or a

workshop live where people say, this is what happened in the marketplace.

It's missing that element of having to endure what needs to be waited

upon to come into your chart.

You can't just simply say, okay, well, this is the outcome of unexpecting.

And therefore it needs to happen on my time.

That's the part that kills traders.

It was very influential in my early days as a trader because

I needed it to happen right away because I first started trading.

Things were moving quick.

They were fast markets.

And then when I realized that it wasn't like that always, it was a

very big struggling point for me.

So just go in every day, gather those charts up, print them

out, keep a running log of them.

In fact, it's probably a good idea just to print them out every day and

get yourself a three ring binder, punch some holes in it, date them.

Okay.

And then keep track.

It's a good reference point to go back on, on Saturdays and Sundays on the

weekend when we're not really doing anything, go back and look at what

was observed before the fact, and then how long it took for these things to

develop and those levels to be reached.

And what was the response after it got to this.

Okay.

So it's important.

You go through to get mentorship with that in mind, I'm not just showing you

trophies or just things in passing.

I'm really drawing to draw your attention to something that I want you

to focus on and study how long it takes for these things to come to fruition.

I guess I get it.

Let's get into the Australian dollar example where the, if

the data range, all right.

So we have here a futures chart.

Okay.

This is the March contract, the underlying daily chart of the futures

contract or the Australian dollar.

And by looking at the futures contract, if we're going to be trading for X, okay,

it's really important that you notice you can get a lot of insights just by studying

the underlying futures price.

So since we're going to be looking at the Australian USD pair, as our case

study, we're going to be looking at how influential this study of just

the futures contract alone, how that's paramount and understanding how that moves

right into and segues beautifully into trading in the foreign exchange market.

If I were to do a poll right now, and we were all in the same room together, okay.

And we simply said, Hey, look, um, I've never traded for X or

I've never chewed a futures.

If you.

Studying one or the other, I guarantee you a large percent of you'd probably

80% or more, never really refer to the opposite in terms of the analysis.

So what I mean by that is if you're a futures trader, you've never

considered what the foreign exchange markets doing, or if you're a futures

trader I'm sorry, Forex trader, and you've never considered what the

underlying futures contract is doing.

Vice versa.

It's imperative that you understand what they're both

doing to get a complete picture.

You want to be looking at both now, obviously you right away, one's going to

assume, well, it should be the obvious.

It should be the same thing because the Australian is leading the

payer Aussies versus the dollar.

So therefore the Australian underlying futures contract should be in fact,

the same thing we see in the foreign exchange market and by far and large,

that's true, but there are certain data points that you cannot get by

looking at the foreign exchange market.

There's simply no way of getting that because foreign exchange

doesn't give you volume.

It doesn't give you accurate volume.

Like you can get volume from the underlying futures contract.

And we'll talk more about that as we go, but I want you to

take a look at this chart here.

Okay.

And I'm looking at a little bit less than six months.

I wanted to show just this data range because outside of this, the chart

becomes spotty because it is a futures contract and it's March delivery.

Uh, prior to March, we had December's contract and that's already expired.

And now we're trading in the nearby contract, which is March, 2017 Australian

dollar when we taught or rather when I taught the IPTA data ranges, okay.

Obviously I asked everyone to hold off, sending me emails, but

some of you were just overzealous and want to know it right now.

And these are things that are going to be building on your understanding

as we go through the mentorship, especially through January.

But I want you to focus when you look at your daily chart, just simply go through

and look at the last three months.

Okay.

Start whatever, whatever time point you're looking at, like right now, let's

assume we sat down and charge right now.

And this would be the first day we're looking at Australian dollar.

We're a brand new trader brand new to the concept we're sitting down.

How will we, how would we go about looking at where the crypto data ranges are?

And if we're looking at Australian dollar, you want to go from today's a candle,

which is what's being painted here.

That it's not a came on notes, open, high, low, close, but you're

gonna have to suffer through that.

Okay.

Because I had to get these slides together and I promise there

will be candlesticks shown.

But for now I want to focus on this because the open

high loan closes important.

The most recent market shift.

Okay.

In the last three months occurred back in November.

Now I know some of you that are hard-line critics are

saying, well, here we go again.

It's the hindsight, hindsight thing.

This is where hindsight is gold.

You need to know what I'm going to show you in this teaching, because it will

clarify what the up-to-date arranges are actually supposed to be doing for you.

Some of you are thinking that it's going to call the high and low 20

days, 40 days and 60 days away.

That's not what happens.

Sometimes it can hurt.

Sometimes it can occur, but that's not what its job is.

Okay.

The, the question that comes up a lot is when I'm looking for a order block to buy

on, or if I'm looking at an order block to sell into, or if I'm looking for an

area of buy stocks or sell stocks, which one should I expect them to go after?

Which one are they going to respect?

How do I know if it's not going to keep on going through an old high and not be

a turtle soup, sell all those scenarios and those ideas while I told everyone in

the beginning, if you were just patient and waited and all those questions were

the answer, but some of you are just really, really impatient and I get it.

You're excited.

And you think that you're not going to learn all this stuff in the

remaining time of the mentorship, but trust me, I'm committed.

You will learn it.

There's tons of information come and type to you, but you have to let me

go through the process of teaching it.

This isn't the first time I taught this.

To trust me, I've been successful in the past.

Okay.

So just go along with the process.

But if we look at back in November, we can clearly see that there was a

major market shift in November, 2016.

Now what that does, it gives us a great deal of insight.

We can't take a Tynecastle travel back in time.

Okay.

And be back in November and go short there.

But we can use the information that our daily charts are telling us there.

That means there was a great deal of displacement by the

large players or smart money.

When we see that in November, what we're seeing here is the underlying

futures contract of the Australian dollar has a market shift right there.

That's a quarterly market shift over the last three to six months.

That's the most obvious one.

You can clearly see it.

If I was to ask everyone, if we were all in the same room, raise your hand.

If you can clearly say that that is the most obvious market shift in the

last three to six months, everybody integratively would raise their hand.

They would click and pick.

Obviously you can see it.

You can't deny it.

That's what you're looking for every three months, there's going

to be something like this occurring.

It could be a sell off creating a high, or it could be a, a

low where it starts to rally.

But every three months, I want you to look at your.

And anticipate finding that in hindsight now.

Great.

That's wonderful.

You can see it in hindsight.

What do you do with that information?

See, this is what I have an issue with, like with Elliott wave and

all these other very, they're just, they're highly subjective.

If the market really is influenced or controlled by smart money,

or if there is what I'm telling you, there is an algorithm that

controls what price is going to do.

It's absolutely not random.

It's predetermined it's, it's running on a script that refers to specific data

points that it will go back to over and over and over again, the IPTA data range.

Okay.

You have a 20 day look back and cast forward range.

You have a 40 day look back and cast forward range, and then you have a 60

day look back and cast forward range.

What I'm suggesting to you is if you are looking at price and you

see a, for instance, they have a market structure shift here, and the

quarterly shift occurs in November.

That means that now the market is in a cell profile from that point until it

gets to a level of significant counts.

Direction, what would cause it to change direction or consolidate?

That's the other thing, that's the vague green, not green,

but gray area in the analysis.

Sometimes you won't see a clear retracement or

correction opposite direction.

For instance, it's been going down November.

Uh, it could have very easily then consolidating here going

into January and February.

It doesn't need to be a countertrend move.

Like we're seeing unfold here since the last week of December,

it can be a consolidation.

And as we go further into the content for the January, uh, delivery of the

information, we'll talk about when it does or when to anticipate when

it's going to go on the consolidation and not have a counter swing.

So back in November, we see that there's a high made what's what's

really going on that low here is broken.

So we have a shift in market structure and it breaks lower.

We know that we can see it because it's taken out in an area of equal highs.

And we pierced above that, taking out the by stock liquidity pool.

And that's seen here that was the, uh, that was the basis and the

framework around what caused the market structure shift that quarterly effect

comes in, uh, to operation at that.

Okay, where our eyes go immediately back to November.

Cause you can clearly see it when you see that and you delineate down your chart.

What you're doing is, is you're now identifying to beginning of November.

So you have to have a basis point where, where is it?

Where did it all begin?

Because if you don't get yourself in sync with what IPTA most recently did, and

if the is the interbank price delivery algorithm, that's where your notes again,

you're going to delineate where the most obvious one, the last three months has

been, then you're going to cast out 20 days, go forward from the beginning of

the month that that market structure shift or quarterly shift takes place.

You're going to count out 20 days.

Now it may not even be 20 days.

You may look at the chart and say, Hey, this is an obvious one right here.

Something's really going on.

If you do that, you're really doing too much anticipation.

You got to go back to the most obvious one and it may require you going back

three months, but find the most recent one where the market structure has shifted.

And there was a move that took place.

There was obvious bullish or bearish.

Okay.

And it's really easy if you just divide your, your daily chart into, uh, quarters,

like put one, put a line on March, but align on, uh, June and September,

December, and just keep doing that.

You're you're I will go right to.

These quarterly shifts are happening.

They're not going to always occur on those months.

There's a little bit of gray area, which is the reason why we have

a look back in a cast forward.

The, if the data range, okay, what it's really doing is it's

highlighting you as the trader.

You're going to try to mimic what this algorithm is doing.

It's looking for the liquidity in the range of 60 days in the past, where is

the cell staffs in the last 60 days?

Where are the buy stops in the last 60 days?

Where are the fair value gaps?

Where's the price gaps that price has not been efficiently

delivered in the last 60 days.

Where are the, um, the liquidity voids where price has only been delivered on

the upside, where it has to come back down to efficiently deliver price and balance

it out by going back down and closing in that range, optimal trade entries.

That's where that comes from.

Where are the equilibrium price points?

Does it have to return back to equal equilibrium?

Did we get too far ahead of ourselves to be extend too far?

Do we have to come back and retrace minor retracement before we see the

next leg lower by looking at the market structure shift that takes place in this

November time period, we are in essence saying that this is a quarterly shift,

therefore, because of the daily chart.

This is going to give us insight about what the market should do on a three

month timeline as much as six months.

But I like to remind you that I'm only really looking for about three months,

horizon time, horizon that far out.

I don't like to look beyond that.

And there's many, many times I can show you in journals where I had it.

Right.

But I wrote just because I had it right.

Doesn't mean I was executing on every trade, but many times I'm really accurate

in about four to six weeks time horizon.

And it's about the half life of a three month cycle.

So if I think that the time horizon is, um, consistently derived at, by looking

at three months out by using the daily chart like this, that's my belief.

I'm firm in my belief that I believe I can teach you how to do that and have a

three month horizon by having that, that is a great deal of opportunities for all

disciplines of trading long-term position, swing short-term intra-day scalping,

all that stuff can be done effectively, like having this time horizon.

But when we find the clear market structure shift that happens every

quarterly, every three to four months or so, we find it, we identified

the beginning of that month.

You got to roll back to that first month.

Why are we doing that?

Why does it have to go back to the first month, first of the month, rather

because if an algorithm and I'm not sure if any of you are aware of how

computer programs are made or designed.

When a systems analyst, um, sits down with a company and they say, okay, look,

this is what I want the output to be.

Or I need a, a report generator.

That's going to give me this outcome, or I need this information,

or I need this computation made, I need this process done.

Okay.

The system analysis system analyst is going to say, okay, well, what, what data

points are you making available to me?

So I can sit down with my team of computer programmers.

Okay.

And the analyst will make a documentation stage where he sits down and

outlines the overall macro process.

Now because of what they're dealing with, they are taught and learn

computer programming to some degree, but they are not doing the programming.

They put all of the context around what is supposed to happen.

What processes are there, w if this is done, then this should be done as well.

What checks and balances.

And it's basically the documentation stage of the process of a computer program.

Then the computer programmers take that information and they actually code it out.

Now it comes a computer program and a computer programmer it's

completely utterly blind and useless.

If he doesn't have data points to use, you can't have a computer program.

Do anything of any value, unless it knows where to draw.

Data points from there.

It has to be an array of information coming to it, to

process and do calculations.

So my here's my, this was my epiphany.

Okay.

When I was sitting down with the folks that were introducing these

ideas to me and no, they're not in the teaching circuit, you're

never going to meet these people.

Okay.

But when I was introduced on how the markets actually work and operate, the

fast thing I've, uh, fastest and most obvious thing I learned was there was

no ambiguity to how price moves around.

There was no randomness because they were talking about things that had a

finite or origination where it wasn't like it could have been this day.

It could have been that year.

It could have been this month.

No, no, no, no.

It's absolutely nothing like that.

If you understand it, we're going to be referring to things that are numerical.

They are price related.

They are value based.

That means that we have to look at a specific level in price,

but how does the algorithm go?

Just to end the old price?

How does the algorithm know that yet?

That that's where the large one-stops are.

So this is what's taught and permeated in the teaching, uh, circuits in an

education for trading, they teach.

And I've said these things before, but I used it to communicate to

you the idea, because most people don't understand fund level trading.

They don't understand institutional.

They don't, they don't know those types of things.

They just think I got an account with my broker, so therefore I'm trading.

And if I get stopped out, it's my broker that did it to me.

And many times that's true.

But the delivery of price from the central bank level, that movement, that repricing

is really not always, but on a short term, it's being repriced to take into

account for large liquidity pools that are available on the large fund trading

realm, not your little mom and pop.

FXCM not your Owanda you.

None of those, none of those things.

Okay.

Are obvious are on the radar screen for what I'm teaching

you here, but they are in close.

Um, they're, they're basically in alignment with the same thing.

Okay.

But they're not this, these movements for these runs on stops.

They're not looking at, oh, here's Michael stop.

Okay.

Here's uh, John Jones from, uh, Allentown, Pennsylvania stops.

Okay.

They, they don't have that type of information.

They don't see you.

They don't have any identification of you.

They don't have any identification to retail at all, but because these ideas

are taught across the board the same way, because it's been put out there

to be done this way, because eventually if you're, if you are a, an accurate

trader, that's a retail based trader.

Okay.

Eventually if you're profitable to some degree, what eventually

happens to some of these people.

Very high minded of themselves.

They think then they they're great at what they're doing.

So therefore they're profitable.

And the first thing they want to do is prove it to the world, by having

everyone else give them their money.

And they're going to be a trader that manages funds.

No one wakes up and is born a large fund trader.

They come up through the ranks of being a profitable retail trader.

So are they going to come into that realm and change the way

they've been doing things?

Absolutely not.

It's the same thing they're going to do there.

Then the difference is they have a process on the fund level that they have

to go through specific parameters and guidelines and stay within these to be

compliant with whoever's running that, uh, that operation behind the scenes.

In other words, just because you're a large fund manager, unless you're

operating alone and independent.

If you go to work for, uh, an agency and you are a fund trader

and you're managing under their umbrella, then you have guidelines.

You have to work within there's there's rules and, and things that you can't do

outside of these, or you're you're you basically get canned you're out the door

you're gone and you can't manage anything.

You don't expel you, but these ideas are the same.

So how can an algorithm or a country we'll just say it like this.

How can a computer program know where everyone stopped is?

It has to have a range of data now just because we have the, the

numbers of price, the value of price.

Okay.

They have to have a look back period, to look back.

Period is 20 days, 40 days and 60 days.

And what you're doing is, is, and this is what's.

I want you to do with your time after today's teaching while you're

waiting for today's daily recap video.

Cause there'll be two, let's go up.

This is the teaching video for today.

And then we'll have a daily review where I do like 10, 15 minutes talking

about what's already happened and I'll give you the charts and stuff to study.

I want you to spend your time this evening.

Okay.

And even tomorrow, while we're not doing any live session,

go back through your charts.

And don't just look at the Australian dollar.

Look at every currency pair.

Look at every commodity.

Look at individual stocks, look at indices and you'll see quickly by

studying this, it will become quickly clear that there's no randomness to it.

There's a specific pattern that this thing does all the time.

Now it used to be a manual thing where the market maker was a real person.

They sat there and they worked with a team of individuals that

manipulated price to do these very things, but because everything has

become so streamlined, inefficient by artificial intelligence, AI, the,

uh, the effectiveness of algorithms.

Okay.

That's been implemented.

It's much more efficient to do that.

And there's no emotion.

It just does what it needs to do.

So if a computer program or I'm quoting with my fingers now, the interbank price

delivery algorithm, that computer program, we're going to call it from this point on,

for this teaching, for it to be effective.

It has to know where to look at, to find stops.

They don't see orders.

That's not what's going on.

They don't see orders.

The orders are executed on by the traders at the bank level.

The algorithm just permits the price to move to that level, which

gives the opportunity for the traders to execute on that run.

That's the real story.

That's what really goes on.

Everybody else out there in this industry will tell you, well, it's this happening?

And this guy here, he's, he's pushing a button and it's

doing this to ha no, it's not.

It's not, that's not what's happening at all.

The algorithm will look back 60 days and it'll find it's very easy.

If you, if you're, if you know anything about computer programming and you don't

even have to do that, but just look at this 1st of November, if you look

back 60 days in the past, what was the highest high in the last 60 days, there's

going to be by stops above that high.

We're still lowest low in the last 60 days.

There's going to be cell stops below that low in the last 40 days.

What was the last highest high?

And what was the last lowest.

Looking back in the range to the left from that November red line that

we're delineating on November, where are the stops below and above those

highs inside of the range of 20 days, 40 days and 60 days now and already

know what some of you're thinking, well, what happens if there's a

low that's really, really obvious.

That's just outside the range of 60 days.

That's the farthest extreme.

That's when the open float will move aggressively and go outside

that normal parameter of 60 days.

And you'll see that big run, the market will jump and skip right

down into that old low that's just outside that 60 day range.

How do you know when it's going to be an explosive move, Michael, when you

have that scenario gift, and last 60 days, if they've already ran out the,

the stops below and low in the last 60 days for above and old high in the last

60 days, and there is a larger, higher, high or lower low, where the stocks will

be resting above or below respectively, then, then you know, there's going

to be a big run on price, and they're going to run for that liquidity because

that's the only other thing that's left.

The large funds have their orders above and below these old highs.

You work just like the algorithm will in a 60 day range, look back the last 60 days.

And then you watch going forward.

You cast forward 60 days and you can literally have this on your chart and

you go forward, count forward 60 days.

You can literally go on your daily chart and empty four and change your date.

60 days forward to make a vertical line.

And that way as price starts to paint, you'll know you're

approaching that 60 day.

That means it's going to be forming some measurable enemy, a term

higher, low before that time.

And it's going to create a liquidity pool above an old high or below

an old well, that's going to be influential for future trades.

The same thing occurs by looking back on the last 40 days to the left of

that November 1st look back 40 days.

What was the lowest level?

What was the highest level?

I'm sorry, what was the highest high rather?

And the lowest low, your biceps above the old high and sell stocks below that

old low inside of that range of 40 days.

That's where IFTA will look for that liquidity.

Now it's not giving you a directional bias yet on telling you it needs to

use these reference points to find where the stocks would logically be.

See the AI cannot.

It can't think for a human, it can't do that, but because human nature

says that we will, as traders, put ourselves, stop below a low and

we will put a buy stop above and.

That's all the algorithms doing.

It's seeking to take price to that level.

When it gets to that level, then your broker, then the central

bank can do a wild spike and send it above 10 to 20 pips.

Think about it.

Now 10 to 20 pips then becomes logical.

Why they do those big spikes?

Okay.

Intraday 20 and 10 and 20 pips above and OHI.

Then it stops right.

Many times, right?

At 20 pips or 10 pips, and then rejects.

That goes the other way.

It first has to get to those levels based on a daily chart in the realm of a 20

PIP, 40 I'm sorry, 20 day, 40 day or 60 day, look back and then cast forward.

So really what you're doing is that you have 120 days of range from the past

and going forward, there's going to be a significant move on some of your breasts.

Of course, there's going to be a mood, Michael, come on.

I mean, a lot can happen in 120 days.

Yeah, you're right.

But there's things that you have to look for, that the algorithm

is going to be doing to engineer.

These types of moves.

The, you have to have these data points to know why the market's going to go at

an old, low what old, low, well, where's the lowest low in the last 20 days.

Where's the last 40 days.

Where's the lowest low in that range.

Where's the highest high in that last range.

And you need to be noting those because that's the one that they're gonna run.

They're gonna run rate for.

If there isn't anything that hasn't been traded to in the last 60 days,

if everything's been wiped out, above and below the market flights.

In other words, the open float, all the buy stops above old highs and all the

sell stops blew all lows in the last 68 during your look back in other words,

everything to the left of that November vertical line at red line, if everything's

been cleaned out above and below the highs and lows, there's no more buy stops.

There's no more cell stops.

It has to create a new expansion.

So you have to identify what the next high and low outside that range of

60 days, looking back where that is.

And that's going to tell you where they're going to draw a

price on this daily timeframe.

It's more, it's more confirmed when you start applying it to the weekly chart and

the monthly chart, because you'll start seeing things align where that old load

that's just outside of the last 60 days.

Looking back, there's an old load that may not be on this chart here.

I don't know.

I'm just giving you a hypothetical example.

If there's an old load, that's just outside the realm of September.

In this example here, say maybe there's August, there's a significant, lower, low.

The market's gone to reach for that.

There may be a high that's just outside the September boundary in August

that they may have turned around here and they make a run for that.

Maybe it may be in the 78, uh, price range for a.

That's what you would be noting.

And you're going to look for price to be drawn to one of those two price points.

And you look for evidences that that institutional order

flow is going that direction.

Then you know where it's going.

It gives you directional bias because of the higher timeframe nature of this

daily chart and weekly and monthly.

So what we have here, this is the look forward.

Okay.

Or cast forward of November.

This is 20 days out from the 1st of November.

So we have 20 days here inside of that 20 day range.

There's going to be a significant set up that you can use for your trading.

It's moving up into the old load.

It was formed in October.

It goes in the consolidation.

Well, here we have a condition where the market didn't create

any significant shift, but it starts to move in consolidation.

Then you count forward.

Okay.

From here, that's the 20th.

So you can go from the beginning of November to the 20th.

Yes.

There was a price swing, but using the information, the next stage would be

40 days out from that price point of November, beginning, we have here that

is your 40 day lookout or cast forward.

When you're looking for again, a potential.

Shift quarterly.

It can happen at that point.

Now it didn't give you the lowest low, because if you go back to the

left to two daily candles or bars, the last down right here, this down

candle, that was the actual low.

We had a small little range in here.

And then we came down and hit this level here at 71 50.

That's the 40 days out from the beginning of November, framed on the

quarterly shift that took place here.

So we're anticipating a potential change in the direction.

Okay.

20, 40 or 60 days out.

But that's the range.

It's not always going to do, like what you're seeing here at, where

it's almost calling the very day.

It moves and makes the change.

It's you're allowing your study to say, okay, the price has got to move out 20

days and then we could see something if it doesn't happen in 20 days.

Okay.

Well, in the next 20 days, up to 40 days from where the market structure,

um, last shifted here quarterly, then we're going to anticipate in the realm

of the next 20 days, it may happen.

So you have to be looking for signs that it's going to happen.

If you don't do these things, you're going to marry the idea that the

market's going to keep on going lower and never turn around it.

Doesn't it doesn't do that.

Markets don't trade in straight lines.

So if we see.

On this day here, this is 40 days out from the beginning of November.

Very significant price move occurred from that price.

71 50.

I mean, I would think everyone, if we were all in the same room, if we raised

our hand, if we were in agreement, I think the majority of us, if not all of

us would raise our hand, say that's a pretty significant move off that level.

One of the things I learned when I was an indicator based trader, uh, I'd

like to stick the Castic, uh, like, uh, uh, Larry Williams accumulation

distribution formula, where it slotted in the chemo blind based on the

relationship to open the closed and closed, open, and measuring that as

some, uh, smart money buying and selling.

Well, sometimes that's true.

Uh, not always.

And it didn't always give you a divergence.

I liked his William percent art and the reason why I liked his way in

percent art is because it has an uncanny ability to be one day before.

Like, if you look at stochastic, you have to wait for the, the candle, the clothes,

and go to a new candle to see if the K line crossed the D line or D line cross

the, uh, the K line or wherever it is.

I don't even remember what it was anymore, but the trigger line that uses, uh, the

idea behind a crossover for staff first to caustic that has to happen after the fact.

Well, the market's already moved.

When I looked at the percent R what that did, it gave me many times the day before

the real oversold condition would happen.

For instance, if the oversold condition existed in Waynesboro, Today.

That means tomorrow is probably still likely to go down this a little bit

more, but that's going to be the by day.

That's a very low, low, well, that same phenomenon sometimes

occurs with these ranges.

20 days out.

You may get the, if it doesn't turn, it may happen on the 21st

day, or it may occur on the 19th day when the, when it does occur, but

that's not what you're relying on.

So it's important that while that may have magic in your chart,

sometimes you may see it happen.

It might do the very thing of turning on the 20th day for

the 40th day or the 60th day.

And you saw that in my first teaching for the month.

I wish I probably would have stressed it more because everyone seems to think

that that's, what's going to happen.

I'm not telling you that market turns every 20 days, every 40

days and every 60 days, but it can and will sometimes do that.

What we're looking for is these quarterly shifts that take place.

Once we identify one, there's our beginning point.

Okay.

But you have to roll back to the beginning of that month.

It occurs in, occurred in the second week of, uh, of the month of November.

So we're now we're calibrated.

Now we can start going forward until we see a equal or counterparty,

uh, to that move on lower.

There has to be a significant, um, re retracement or a correction or reversal.

It's indicating that here the last week of December, why is it doing that?

Because we've taken out December.

See that we're trading at a level where if this was continuously

bearish, it shouldn't be where it's at right now today.

Okay.

But my point in drawing your attention to the 40 day is it was not the 40th.

Uh, I'm sorry.

It wasn't the fact that it made the lowest low and turned on that day.

But look at the low in proximity to the lowest load that was formed

here inside to see this day here was inside the range of 40 days

back to this point price point here.

So from this level, looking at the first day of November casting

forward, 40 days, this whole turning point right here could have happened

any time in the last 40 days.

Now, again, for some of these that are cynical, of course,

obviously this is of no value.

It's a great deal of value because inside that 40 days, just like when we look back

for 40 days and look for the low for cell stops and we look for the high, for the,

by stops in this range here, what is this?

That's a low below that low is going to be what sound stops.

Yes.

We moved about 150 pips for so below that, but we came to a level of 71 50.

That's not random.

71 50 is a significant level.

It's a mid figure that.

And it's happening at a time when inside of 40 days, the up-to-date

arrange is going to be looking to do something it has to, it has to

do something every three months.

Price is going to be pushed around.

It's going to be drawn to a level, or it's going to repel from a level.

And it's based on what I'm telling you here.

It's seeking large fund liquidity.

Now longer term where we're talking about monthly and yearly moves.

They are all driven by real fundamental things like interest rates, but

every quarter, there's going to be a ebb and flow that takes place a

rally and a decline when this occurs.

That's all short-term in nature.

When you look at long-term trends that go for five years or 10

years, three months is nothing.

That's like a five minute chart on the scheme of a weekly chart.

It doesn't mean anything.

There's no significance to it at all.

Long-term macro fundamentals, okay.

Are not impacted by three month cycles.

They're not, they can be used to get in sync with long-term macro

fundamentals, but the only fundamentals you're going to get from me is

interest rates, which is going to be taught to you as month as well.

So again in summary, the 40 days, and I'm not done teaching, but for 40

days, this range, we're looking back.

Cause see, now here we have a new 40 day look, we're casting forward 40 days.

So at that moment, we're going to have that in our charts.

From this point here, we know 40 days from then, this is where we would

have our expectation of a shift.

But we also, because we can do that in advance, we can now

look back 20 days from there.

We can look 40 days back from there.

Where's the lows.

And where's the highs.

Think about that.

If we know at this point here, casting 40 days forward, we can have a vertical

line right here on our, or on our charts.

Now to someone looking over your shoulder, they'd be like,

why is that line even there?

Why do you have a vertical line there?

I don't know.

I ain't telling you.

You weren't part of the mentorship, but from this point

here, counting back, let's good.

Or here's here's you gotta count this day as day 1, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10,

11, 12, 13, 14, 15, 16, 17, 18, 19 20.

Okay.

To 20 is basically the last day before you get to December.

So the second to the last day in November is 20 days back.

What was the highest high formed in that range?

It's going to be mid July, mid December, where it made there's equal.

So there's going to be, what's resting above that by stops.

So what is the Ellipta algorithm going to do?

It's going to seek that liquidity is going to go up there and take that.

Which high should I look for?

Michael?

That one, looking back from this point here, because we know it from this

point here, casting forward 40 days.

Okay.

Going back 40 days.

Well, that's going to be in the range.

That's delineated here with this line and we've already shown this is the low.

Is there any significance about that low?

Well, I'll counsel you to go into your four hour, one hour and 15 minute

timeframe and put up 7,300 on your Aldi dollar and see what you see.

There's nothing random about this stuff.

Folks, that low is 40 days inside the 40 day range.

Okay.

That is a significant turning point.

It's not the very lowest low, but you can see that the low

forums, two days before that.

And then we have a market structure shift and the market starts to go opposite to

what has been put in place in November.

You can now, also from that price point there, by having a vertical line on the

erode a daily range, you can now start counting forward 20 days, 40 days, 60

days until you see an obvious shift.

There was a major structure shift.

Okay.

It could be bullshit bears, whatever one, it happens.

It doesn't make it that you're not trying to forecast that all you're doing

is anticipating another significant move in price on a daily chart.

And it happens every three months.

But the point is that the, the data ranges give you a means of looking

back 20, 40, and 60 days from specific days and specific price points,

because then you'll know what stops they're going to be reaching for above

our old high and below an old low.

It's not just, well, I'm looking for the lowest recent, obvious high and low.

No, no, no, no.

It's not like that at all.

It's not like that at all.

You got to look back in a range of 20, 40, and 60, and then if all those

levels have been cleared out, then you got to look outside that range.

Then, you know, you're getting may see a big move.

And if it has these characteristics, then you know, you're going to see a

larger move higher or lower based on what those highs and lows would be

outside of the most recent 60 day.

Look back.

So this is the Australian dollar Campbell stick.

You can rest your eyes a little bit in the more strain in your eyes.

I'm open high, low close bar.

Here's that 70 50 level.

Okay.

And why that's significant here.

We have a old low back in February of 2016.

We were the last down candle, but that last day on.

Has a range in it.

Okay.

Let me show you again.

This is what it looks like that wick right in here, right here.

Look at that price movement up rate before the last well, it's

the last week of February, that big green candle right there.

We know that prior to that, we saw the down close and that

explosive range higher, that high is going to be significant.

It's going to be sensitive.

Okay.

But all the way down into the opening of that weekly range also noticed that

this last down candle here, right before this big move up in the last week of

may of 2016, that last red candle, that was the bullish or block as well.

So we have a big range to work within then going into the latter portions of

2016, the last down candle in December, that would be a bullish or block as well.

Looking at the, the high and the open on that candle would give you significant

price points to go forward as well.

But look, what happens when price hits this 71 50 level, it's been

down here before and they repelled aggressively away from that.

Fundamentally must be something to it.

I don't know what it is, but on a weekly chart, we're going to

be using old highs and old lows.

And if there's old highs and all of those had significant buying

and selling pressures, that's evidence, and you can see it here.

We have to be mindful.

And you can see that they have in fact traded down there.

We tapped it two times on a weekly basis.

And I moved out once me moved out away from that level.

But we see that they're going to be looking to do what they're going

to be trading above these candles bodies and the wicks are next.

And we could potentially trade up into this last candle in the

last week of October of 2016.

That's where the bears order block is.

So we have a range that potentially could take us off into 75, 70 to

75 80 still for Australian dollar.

Let's go back into the daily Australian dollar.

And I want you to take a look at this chart from him and

stare at this for a second.

And tell me what you see, okay, this is, again, this is the March contract

for the Australian futures market.

It's going to basically do the same thing.

Our Australian dollar pair does and four X, but what you're seeing here

can not be seen in trading Forex and air, all these guys that get

on Facebook and on the internet and Twitter, and they know everything about

Forex and they knew the insides and everything that, that secret, okay.

The buzzword smart money.

And now it's institutional trading.

Everything is making its way and everybody else's curriculum now,

but none of them talk about.

Okay.

And this is where I learned the things that Larry Williams taught

in his book, how I made a million dollars trading commodities last year

wrote that book in the seventies.

Folks, you know, we're in 2017 now, very, very few things have the longevity

of what has been taught in his book.

I mean, for less than it costs for a pair of shoes today, you literally

can buy a book that if you have no understanding about how commodities

move and how they're priced and all that business, uh, to me, I think that is an

essential part of every trader's library.

Again, the title is how I made a million dollars trading commodities

last year, by Larry Williams in his book, he talks about how he was taught.

He didn't discover it.

He was taught this by his friend.

And I think if I'm not mistaken, I think he names his friend in that book.

But the, uh, if not, you can find it on YouTube.

You do a search on Larry Williams and open interest, but the, the fact that

open interest is the most misunderstood data point in trading is a wonderful

opportunity for you as a trader.

If there is a now thing, just for a second, if there is 100%

control over price, there has to be someone controlling it.

We're going to glibly call that smart money.

If they are controlling it, why would they want.

Greed.

They want to make money just like anybody else does.

Banks are not in the business to go out of business.

They're in business to buy and sell money or provide means for

you to borrow money, to pay them interest on the usage of that money.

That's just one facet of it.

There's also speculation.

That is the mist most misunderstood realm because it's not widely talked about.

You have to be in that arena.

You have to be there to know anything about it, and you are

forced to not talk about anything.

So I had to create a language if you will, okay.

To be able to talk where the things I understood are effectively

communicated, but also doesn't put me out there where I'm in trouble.

That's why we are in this teaching.

Uh, this, this medium, the things that I quickly learned that were apparent in

the marketplace is that yes, there is a entity out there that is 100% interested

in offsetting large funds because they have real huge orders in the marketplace.

And if they can upset them or take them out of the marketplace, they

know that their viewpoint will eventually get back in line because

they're trend falling in nature.

They can take them out of the move and then take their seat in that.

Or they can take them in the wrong side of the move and then

reprice aggressively the other way.

And they can profit from that.

They're not looking at Atlanta or FX, CMEs books and saying, okay, well, you know,

we're going to really punish retail today.

Retail is just following the, you know, the blind leader of all

these textbooks, all that stuff.

You know, it leads you to losses.

That's a derivative of you doing what you've been told to do, and it's

doesn't have any basis in how the markets actually work once in a while.

They will work.

But you're not, it's not because of that.

It didn't happen because of the divergent, since the casting, it

didn't happen because your Wolf wave or your harmonic crab riding on the

back of an Eagle's wings pattern, it doesn't that that doesn't happen.

Okay.

Price is moving based on where the large funds orders are, where that open float is

when these hard timeframe charts that's, what's drawing price, but because the

price is going to allow the bank level traders to get in and build positions in.

Otherwise, if it was really just, uh, the central banks repricing, it

would be like all the time, big moves moving up to an old high bend, down

to an old low, the traders have to have a opportunity to work inside that

position to capitalize on the move.

The Ellipta is engineering.

How do we know when the banks smart money are actually going in and buying?

If we know that there's a likelihood at 71 50 on Aussie

dollar is potentially bullish.

What evidence is there?

That there is in fact smart money buying it well inside that blue

shaded area in here, I have a great deal of insight to share with you.

Some of you already know some about something about this, but I want you

to think about this every three months.

This occurs, write this down your notepad.

If you're busy, changing diapers, okay.

Doing dishes hide from your boss, write this down every three months, this pattern

occurs where you're at a support level, a major higher timeframe support level.

If you see an expectation that the price should be bullish, we have

been trading lower and we hit the level like we're seeing here at 71

50 as we just let me go back one more time to show you the weekly chart.

There's that 71 50 level down here.

We've been there before in may.

Okay.

So look at that level here.

You can see that 71 50, that level has been hit perfectly his nails it.

Okay.

And then it runs away as price.

As price hit this level here, this purple line in here.

I want you to look at what was going on as price was dropping down.

Okay.

All through this market structure shift in November.

Okay.

What's happening here?

Yes.

Price is repricing going lower.

It's allowing bank level traders to be short and capitalize on that move.

But also open interest is also declining.

Why are, why is that happening?

Why is open interest declining when this moves dropping down?

What, what significance is that?

Because if you read Larry Williams book, he says his buddy told him if

the market is in consolidation all through here, all between 77 and 74

54, August, September, and October price was in a big trading range.

It's in consolidation.

Then in November, it creates a false breakout of both 77 big

failure and rejects and trades.

Lower open interest is taught that as long as the trend is going up

or down and you see open interests increasing as the trend goes, if that's

a healthy trend that works for bull markets, doesn't work for down markets.

That's a misnomer that's misinformation.

Larry Wayne says when open interest drops while you're in consolidation,

we're in consolidation all through August, September, October.

Price drops down in here.

We have a big drop in open interest.

Open interest is the total open longs and shorts that are

in the marketplace right now.

If the central bank is the storehouse for price, it's their currency.

It's their commodity.

If you were trying to buy currency, it has to be made available to you.

And it's going to come from a bank if this would have been gold.

Okay.

Uh, the commodity is gold is there's a, a provider or a liquidity provider, a gold.

Okay.

You have to buy up this position or assume a position in gold.

Well, for Australian dollar, if you're buying that currency, it has to come from

somewhere and it comes from the bank.

So if they are the liquidity provider for the price of Australian dollar,

the central bank of Australia, if that bank is providing you the basis of the

valuation on Australian dollars, they are essentially doing what they're the

counterparty to all the large funds.

Not always, not 100%, because he has all kinds of smaller entities

and institutions that could take the other side of other positions.

But from, for the most part view, open interest as every trade that the

central bank is providing counterparty to basically what a small brokerage

firm would do with their own clients.

They are the liquidity provider.

Well, the central bank is the liquidity provider for Australia.

So if we see open interest increasing, what does that mean?

That means the central bank is it's taking on risk.

It's providing liquidity for buyers of Australian dollar.

If open interest has a 15% or more drop or change lower like

it does here, this is extended.

This is a very significant drop while prices sideways.

This is bullish because what this is doing is every, every time open interest

increases, it's indicating that they have now provided liquidity for a buyer.

If they're not trying to provide liquidity for a buyer and they're trying

to reduce their holding or exposure, that means that they're done doing

what to offer liquidity to a buyer.

They have to be a seller.

Open interest, reflects the selling side of a provider of liquidity.

If this open interest declines aggressively like this, that's

indicating they do not want to hold a heavy, short position.

They would be having by being a provider for those that want

to buy, I'll show you a dollar.

Do you see it rally then, but look carefully.

The extended trading range is months long.

What's going on that whole time.

From this point, here they start building in positions.

They're selling this thing as it's creating higher highs, it's coming back.

It's, they're selling more of a heat.

And they're selling more of a here, every peak in the open interest

from the low it creates here.

Every peak in it is a high, they sold more here.

They sold more here, right at this high, they sold the most right there.

They're selling into that rally.

You don't get that from Lee Williams book, you do get him

saying open inches increases we're in, we're in bearish markets.

And then for in the consolidation, it tells you if we see open interest

increasing and a consolidation, that means that the OpenEdge is reflecting heavy

net selling on the central bank level.

That's how I'm viewing it for truancy trading.

But what he taught in his book was the commercial traders.

The large commercial users are producers of the commodity.

They're actually building in heavy, short positions.

What I learned was by looking at open interest and matching up the highs to the

peaks and open interest, you can actually see where they did their sell programs.

That's a sell they're selling it here.

And at the very highest peak they sold it there.

Now think about it.

If they sold it there.

And then we do have a market structure shift here.

Are they going to hold on to their short positions?

If they're naturally a hedger open interest is going to by natural

order of things, reduce as it's going lower, because what are they doing?

They're covering those short positions they built in here.

That's what's happening all through this process of going lower.

Open issues is declining.

You don't get to taught in Texas.

It's showing you that they are in fact, in a cell program and their profit taking,

as it's going lower, lower, lower, lower, lower openness is going to decline.

Then we hit a level like this major support.

Are they going to want to hold on to a heavy net short position by

offering liquidity to the buyers?

No way.

How do they upset that they do rapid price declines that knocks the desire for

buyers to want to move away and get out of their way, because they don't want to be a

provider and buy, but for riding the sell side to buyers, they don't want that risk.

And that's why they do these massive.

So offs in price, you see these big moves that jumped down to

specific levels and he could keep going lower and lower and lower.

They do that to take away and control sentiment on the, on the near term.

You may have been bullish back here.

Well, that goes away real quick.

When they do this and they keep driving lower.

All of a sudden, there's no support levels until you get down to 71 50,

they know buyers are going to come in.

So they have to reset and drop down quick.

Boom.

They reset.

They'd take all their interest in being a sell side liquidity provider

and drop it down to its lowest point.

Why are they doing that?

Because now their exposure is not here.

Their exposure starts down here and they go back through that same cycle.

Now everybody's dying to buy, buy, buy, buy, buy, and they will provide

that liquidity because they've already profited down here from back here.

Back here and back here all in the last week of September, the mid

point of October and the second week of November, where they sold

and built in their bears positions.

This telltale sign is inside that support level at 71 50, dovetailing this with,

if the data ranges and quarterly shifts, we know that this is most likely going

to occur and move Aussie dollar up and go back into the charts and go back into what

I was talking about for Australian dollar.

I told you that it was going to go higher.

This is not hindsight cherry picking.

I'm telling you why I said these things and what was behind the

scenes that I can't go through.

I mean, look how much we're talking about it.

Now, if I did this kind of talk on everything in every setup every

single day, I never get none.

I'd never seen my wife and probably be divorced really quick, but

these are the things that you're going to do in your own analysis.

They won't take this long.

Obviously you don't you'll know what you're looking for because of

the teachings, but the mechanics behind it all is that 71 50 is

support price on the weekly charts bounced there before we're in the

low end of the range for the weekly.

Um, um, well the lowest point, which has been in a long period of time,

going back, go back to your weekly chart that showed here in your notes.

And you'll see that that's the lowest it's been in recent time and the weekly chart.

So therefore it would be reasonable to expect to see some bounces

71 50, but I'm drawing your attention to that little area.

That little massive really it's a massive decline in open interest

right there.

That purple line, when it tanked went low, real quick, like that that's

the central bank getting rid of any of their remaining short position.

So now they're, they're done.

They completed their sell program first week of November, mid part of December.

So now they're ready.

They're prepared for buyers to come in.

They have reset their self there's no exposure on the upside, okay.

Against them by holding heavy, heavy shorts.

So now they can start offering that liquidity from a low end because

they've made their book from 77 50 all the way down to 71, 5600 pips.

And believe me, they're moving size on all that.

So from that point on, okay, we had that delineation on this candle or bar member

earlier and looking back 20 trading days, we put you right about in here.

That means the highs here.

That's where they're going to run liquidity.

That's where they're going to be seeking to take price.

Now, what does this mean for four X trading?

All right.

So this is what we've seen price do.

Here's that 40 day cast forward.

That's the very day, and this is that down candle or down

open high, low, close candle.

And that small little one.

And then here's the last one.

Or the 40 day look forward from the 1st of November.

Price goes higher from there, creates a down candle price

moves above that candle here.

This becomes a bullish or box.

So if price was to ever come back down, we could be a buyer there.

I said, we like to see some bullishness on this candle here because we

were on the left side of the curve.

This is all the sell side.

Now, if they're going to be bullish, you're going to go look over here.

Every down candle, there should be some bullishness in here.

We saw some of that, a down candle here.

If we had a retracement, I would like to see it price, come back down here.

I would be a buyer that was a potential scenario that could

have unfolded if it didn't.

And we blew out the high of this candle, this down candle is going to

be the new bullish shoulder block.

So it's high comes in at 73 50 price comes down, hits it here yesterday,

find some sensitivity there and expands up and closes in the range.

The context of the move for Australian dollar was I was not embarrassed.

I'll show you a dollar.

I did not have you set up to expect lower prices on Australian dollar.

We were looking for this thing to come up here and close in

this range and potentially up into this bearish order block.

And it's now confirmed that it wants to go higher relative to the things

that we just said based on that.

And described on the futures contract on its own daily chart.

We had a mean threshold of the range from this candle open to this candle is close.

That's what this range is here.

We've moved through that.

So now what is it indicating it wants to go higher.

What's it going to reach for, it's going to look for a clear run above

this high here, because that's where the buyer stops arresting.

They're not going to take it just to this level here and be satisfied.

If they're going to allow this move to take place, they're going

to punch it through equal highs.

Now I know you're saying if you're new and you haven't really paid too

much attention to equalize and egos, and you're only looking for like a

perfect equal candle, and this is in my opinion, this is equal level.

It's so close to one another, in terms of proximity, if you look at the

buyers of the can, are almost the same.

I mean, look at that.

I mean, we have the openness candle and the clothes on this

candle and sense of the same thing.

We only have this one little wick.

So the liquidity really is above here.

And in my opinion, it's going to go above this level here.

So that puts us around that 75, 70 to 75 80 level level.

Like we talked about relative to that weekly chart.

So taking this information and applying it to your charts, it

helps you map out while you have areas where yes, this could happen.

We could trade down here, but if we, if it did.

We would be expecting to be a buyer down here.

It may not happen.

They may allow price to keep ongoing and give you no real retracement, but

you still had reference points to be watching and monitoring going forward.

This was the new down candle.

Okay.

It's going to be a little shorter box.

So therefore we should not see this candle giveaway.

If it trades through it, it did it traded above its high.

So now this has become the support level.

This level is where the banks are going to look to defend it on the

downside to any movement into it.

Like we see here, this candle trades into the body and quickly rejects the next day.

It opens trades down, hits the bodies.

I'm sorry, the candle it's high at 73 55 goes a little bit below.

Look at the low 73 52 and only one, three pips below the

level we would be watching for.

And then look at the address of move through it.

Trading in delivering price with a bullish side of price buy-side delivery.

We had all down movement here between 74 34 and 73 80 crisis mood

from 73, 80 to 74 34 yesterday.

So having that,

having that move from 73 80 to 74 34.

It closed in that fair value gap that we've, we've been monitoring that

occurred in December, 2016 and then prices moved through the means threshold.

It's obvious that we'll see a move above that 75, 25 level, how much further,

like I said, 75 80 looks likely.

And if we do that, we can really make a run all the way up into, uh,

76, I'd say 76, 50.

So 76 fifties and likely upside objective if we get really rolling higher.

But apart from that, uh, that that was the, uh, the DNA or anatomy, if you will,

why they all show you in dollar mood up, why we were expecting bullishness on

it, uh, behind the scenes, these higher timeframe ideas that you're learning, you

have to learn to trust them on a monthly, weekly, and daily and applying open

interest to levels that you would expect to see bullishness and every three months.

Okay.

And this is the last point, and then we're going to close.

Today's teaching the point at which these three month, four month

moves to take place every quarter.

There's a major shift in market structure.

And while that may not undo the long-term bullish or bearish.

They are executable in a way where you can make great deal of money.

You can take a lot of money out of positions if you're properly aligned.

If you are not aware of these days, we'll take you by surprise.

And you're like, where did this come from?

You know, there's, you know, there's no worse feeling than expecting a

move to go hard one direction and it see it, do something like this.

Like for instance, or you're looking at, uh, this move here and say you

were, uh, a Fibonacci trader, not necessarily optimal trade entry, but

say you were a Fibonacci trader and you saw the 50 level here and there's a

guy on baby pips that makes a name for himself on trading at 50 level fibs.

And I use that as equilibrium, but you could be looking at that.

Okay.

Yeah.

And this day you would have probably felt good about the whole idea of

being embarrassed on Australian dollar, not by what we've been talking about.

And we mapped out very specific.

We even talked about that very day being bullish, but in the retail mind this

whole day right here, that would look like, okay, well we have a double top.

Now it's at a 50 level on the fib.

It's going to go down and trade down below here or I'll

do, I'll do an ABCD type move.

And I'll be looking for seventies on Australian dollar that's retail thinking.

We were not thinking that at all, we're mapping that Campbell

out as a reason to be about.

So the things you're learning is completely diametrically opposed to those

things that you learned in retail world.

And it's like that because we have to capitalize on those ideas because those

things permeate, large fund trading, whereas buy stops where the cell stops.

It's the same way human nature is going to repeat itself.

Every large fund trader starts as a low end trader, just like you are right now.

Just like I started grassroots.

We all start from the same place.

The beginning, no one becomes a large fund trader managing billions and

millions of dollars because you just felt like you want to do it today.

Try it, try it today.

If you're successful today, try and get a large fund traders position.

By the end of the month, you can do that.

I'll send you $1 million through bay bell.

You have to do some things.

You got to prove, you know, you can trade, okay.

And you have to go through a lot of, uh, Rick tomorrow.

If you will.

If my, if I can put my grandmother to get to that position and you have to prove

yourself, it doesn't happen by accident.

So if they are doing the very things they did as a regular trader, but they

still have to do things with guidelines.

Okay.

Then it's common sense that their, their stops are going to be right where everyone

else is going to be placing their stops, but they have a lot more money at risk.

They have exposure that you don't have.

You're trading micro lots and many lots, and all these other things.

And I'm not trying to disparage you or, or you talk down to you

because I started in the same way.

I started with small.

But they don't see you.

You're not even a blip on the radar screen, but they do see these large

pending orders above old highs and below lows in the last 68 in the

last 40 days in the last 20 days.

And then once you find a time marker where you can delineate when there's

a shift that has taken place, or when you cast forward 60 days at that

moment, you know, in the future 60 days from that last market structure

shift quarterly, you know that that's a delineation in the, in the future.

So you can already anticipate a significant move 20 days from that one

back from it, which would be not 40 days.

It would be 20 days back from that new market, uh, delineation.

So for one saying is, is by having these things on your chart, you'll be able to

look back and forwards and looking for the range is just like the APTA algorithm

will look for where the most recent 20 day, 40 day and 60 day stops are.

If they have been cleared out on both sides of the marketplace, once they have

been wiped out and were in equilibrium, you have to look at where the next range

high and low is outside of the last 20.

I'm sorry, last 60 days that will tell you where the next big

significant move is going to be.

And if you combine that with weekly and monthly chart,

It's almost like a no brainer.

You just have to wait for it to happen.

It takes time for that to unfold.

And most of us by human nature are not patient we're inpatient.

Some of the folks that have left this mentorship are classic scenarios of that.

They just impatient.

They want to know it right away.

They wanted to learn it all in one month.

You know, they'd stuck it out for the second month.

Third month, the fourth month, it was too much.

I can't wait for it.

I gotta go, okay.

I gotta just gotta toss it in and there'll be no regret.

The rest of their life.

Trust me.

They're going to regret it.

When they look back, they're going to feel like they've missed

an opportunity of a lifetime and they have what you're learning.

You're not going to get that from anywhere else, but it's going

to require you to work for it.

I'm going to put your nose right where you need to be focusing,

but I cannot take away the lessons that by studying, it will give you

that has to happen by you doing it.

And if you can't be here in the live sessions, they're

recorded, it's the same thing.

There's nothing different by watching the recording.

When we leave January's content, we're going to be applying all these things.

So that way, when you start looking at me doing short-term trading and

weekly one shot, one kill setups, and then we go deeper into the mentorship.

When we start going back into intraday trading, you'll see all these things

are the reasons why I'm being a buyer or seller in London open or a

buyer and seller in New York session.

And why these levels on keying off of and telling you everything that you

saw us doing in the September month, where we were nailing it, highs and lows

with the market was doing almost daily.

All that was, was me applying what I just showed you in this teaching.

I think go through all the mechanics behind it all.

I just knew it and applied it and just talked about it.

Just, you know, whatever this is, what's going on.

And it gives you a great deal of confidence.

And for somebody, it will create a, uh, an air of arrogance.

Don't let that become.

Don't let it define you, but you definitely will

have a level of confidence.

It goes through the roof because you're gonna know was a great deal

of trust that the market is trying to get to a level for a real reason.

And it's being manipulated.

It's being controlled.

It's being driven there.

It has no other way of operating, except for over time.

Price will agree on a level.

That's arrived at what APTA is seeking last 60 days.

Where's the high and the low, last 40 days.

Where's the high and the low, last 20 days.

Where's the high and the low that's where your liquidity pools are.

Okay.

Last 20 days, where is the gaps?

Where are the gaps in the last 40 days?

Whereas the gaps in the last 60 days, that's where all

your fair value levels are.

Think about it.

What's, where's the consolidations in the last 20 days, the last 40 days.

And last 60 days, that's where your equilibrium price points are going to be.

When the market isn't going to move, it's going to gravitate and hang it.

Those.

When you see me say, I'm not doing it today, the market's going to be sideways

and you're all like, well, how'd, you know that this, but I just talked to you today.

How to use the data ranges.

Hells tells you what you should be doing.

Should you be expecting range expansion on the upside?

What should you be expecting range expansion on the downside

that is directional bias.

That's are you bullish today or are you bears today?

If you are not in a range where it's going to expand and you're hanging

around equilibrium in the last 20 days, the last 40 days in the last 60 days.

In other words, what's that look like if you go back 60 days and you

see where the price has made a small little trading range, divide that

range in half that's equilibrium.

If your price right now, today, if this hanging around in dollar

index is not trying to move, it's probably going to be a V-Day.

That means it's going to go up a little bit down a little bit and hanging around

in the middle of the range until it gets some kind of manipulation what's going to

cause that high-impact news, which is the reason why I started you in September,

looking at the high impact, the medium impact news events for the week, draw

all those things together, everything that you've been exposed to so far for

the mentorship, draw all those things together and apply the, if the data.

All of you are trying to overcomplicate it.

And it's probably my fault because of the way I taught it.

And believe me, it's a lot of things to digest.

It's not simply 60, 40, and 20, and therefore everything unlocks.

You have to use those ranges, looking back and see where the highs and lows

are, where the gaps are, where the fair value gaps are, where equilibrium is.

And it'll tell you where the institutional reference points are.

It's up to you to execute on them when they get to those levels based on what

a weekly chart and daily chart is in a cane bullishness rebelliousness,

just because it goes above an old high doesn't mean it's a sell.

It could be a confirmation.

It's going to go to the next by stock level above it.

That's the next stage of January's content, where we start building the ideas

of okay, using a monthly and the weekly and a daily chart, nothing less than that.

What do we do?

What do we look for?

What's the process?

What sets up the trades on these timeframes?

Because if we can identify improve, this is what goes on in price.

If the, does these types of things that are repeating when I'm on

going back to our algorithm idea and computer program analogy.

If, if the nose simply by going back what's today's date, everybody

knows what today's date is.

It's January 12th, 2017, the computer program.

It can, gab can gather that information.

Okay.

So what's 60 days.

From that backwards in time.

Okay.

Then the out the algorithm was simply say, okay, what's the highest value

of that asset that it traded to.

Okay.

Right there.

So now I need to go back up to that level.

That's what it's gonna do.

It's gonna go up there to allow the bank traders, to position themselves.

Once it gets close to that level, then the bank level and broker level interventions

and manipulations can come in, but that the broker is not going to jump.

You're spread 50 to a hundred pips.

The central bank has to get it in close proximity to these levels.

Then the lower level manipulation that takes place in broker level.

That's when that happens, but your is not killing you and wiping you out

with 50 PIP swings that doesn't happen.

It has to allow price to be driven there.

And that's all central bank level.

So I threw a lot at you today, children.

Uh, hopefully I haven't confused any of you, hopefully, uh, given more clarity,

um, you're going to see examples of me actually using this information.

Um, but I have to give it to you conceptually first.

So that way I won't be inundated with a million questions about

why did you put a line here?

Watch it.

You'll know why I'm doing it.

Cause I, when I explain it based on what we've talked about here and

what I've shown in lesson one at 1.1.

For January, it'll, it'll start making sense because we're not just going to do

this one time and never come back to it.

We're going to be doing this throughout the mentorship.

And if you, I'm not saying you should, but when I start to signal service in

the winter of 2017, um, you'll know why I'm doing the certain signals.

Then if you, if you're able to watch it, some of you will probably want just to see

what, you know, what I'm doing, just to see how it lines up with what you learned.

But the, uh, the signals are all gonna be based on what you're seeing here.

And it's why they're going to be so good.

That's why September was so powerful.

I had to show you that, yes, we can read price.

It's very predictable.

And if it's that predictable on a short term, then it has to be that

predictable in the higher timeframe.

And you see now that it can be it's all time and price, time and price.

Time is date on the higher timeframe.

It's not time of day it's date, calendar days in their calendar

days that the markets trade.

So if we know that the range of 20, 40, and 60 days that the algorithm

will look back, then, you know what high end loading you'd be focusing on.

If market structure is bearish, was I tell you where's the low in the last 20

days, whereas the low, last 40 days where it's a well-known last 60 days, that's

where it's going to be reaching for.

It's looking for that sell side liquidity below those lows.

What happens if it has.

To lower lows to haven't been traded to, and it trades down below

the one in the last 20 days, it takes that low out and there's a

lower, low 60 days in that range.

60 days back, there's a low.

And you know that it's probably going to go down there, but say it doesn't

go down there and it rejects and it breaks market structure, bullets.

What does that tell you?

You have a quarterly shift now it's bullish star finding the highs in the last

20 days, last 40 days and last 60 days.

And you'll know if this doing, it's going to draw price up to them.

Everyone else is going to be looking at retail thinking, okay,

this is a trend that's downtrend.

And they're gonna look for that old whoa, 60 days out, not because

they're doing what we're doing, but they're going to see classic support,

resistance ideas, and they hold onto it.

They married the idea it's given, going to get that spin going down.

So therefore it must continuously keep going down and either watch

the market grind against them.

And all of a sudden, we see what we're seeing in the chart right now.

I'll show you in dollar.

What happened?

What happened?

Look, look at the pharmacist refund today.

What happened in Australian dollar?

I haven't been there yet, but I'm just prophesied.

They're probably saying, well, what happened?

Australian dollar?

Well, you all know what's happened in Australian dollar.

We talked about this before.

The fact why it's trading here, why it went there and now, you know,

the mechanics behind the scene.

What, what led me to believe that this 74 34 was likely the mean threshold

was, uh, um, uh, upside objective.

Why this currency is a leadership currency.

Why would I focus on this one?

Why, why was I talking about this one and not the New Zealand dollar?

That's a study for you this week as well.

Share that with me on the forum.

Show me what you discovered by contrasting the price action.

This like, we just did it here for all the dollar.

Do the same thing with New Zealand, do the same thing with

Euro, do it with the cable.

You have to practice folks.

If you only do the things I'm only showing you, you're cheating yourself

of all kinds of learning opportunity.

The time that you have together, believe me.

You want to maximize it.

And there's some of you have businesses.

Some of you have family obligations, and this is a long-winded session, but you

know, we only have two of them a week.

So suck it up.

The, uh, there's so much information.

I, I literally have 20 years of information.

I'm trying to share with you.

And it's a lot of information, but this information still has to be practiced.

You have to implement it in your truck.

You have to look for it.

You have to see it in your charts.

If you're not going to do that, this is going to be, uh, it's not going to

be, uh, chanting for you to be here.

You're you're.

If you're wanting me to tell you, this is how it is, and it's always going

to be this way and it doesn't require you to look for it and study it.

It's not gonna work, but you do have to do a little bit of rolling up your

sleeves, get your nose in the charts.

But I promise you, this is a guarantee.

If you do the things I'm telling you to do in this teaching and everything

in this month of January, it will give you every possible scenario for

any type of trader you want to be.

And it will put you in the high odds category, you'll be in the

upper 5% you'll you will most likely be on the right side in far less

time, be offside on your trade.

And that's what the higher timeframe, whole, whole ideas about, because you're

trying to align yourself with smart money.

Everyone that's on YouTube teaching smart money.

This is the market maker.

I'm on a one minute chart teaching this by the way that they're not on the one

minute chart, they're not even down there.

They didn't want, they only, when they're not looking at that, they're

looking at the orders on a daily chart.

That's what they're looking at.

That's what's driving price.

And outside of that, it's a 15 minute timeframe.

They're looking for liquidity pools and, and ideas around a 15

minute timeframe, five minutes.

Again, they're not looking at that, but you can use a five minute chart to find

where there's a most likely, a small little gap that would not appear readily.

I want to have 15 or an hourly chart.

So all these things dovetail nicely, but you won't appreciate that

dovetailing until you start getting in there and spending some time looking

at price that's already happened.

Some of you, a large group of you are so worried about that, right?

Edge.

Tell me what that right edge is telling you, Michael, when that won't make sense

to you and you'll leave the mentorship.

If I just gave you trades over every day.

Yeah.

You'd make money.

But when I'm done teaching and that's happening, I'm done.

When I walk away, you've made money, but you didn't learn how to trade.

And that's a waste of time and money you want to be focusing on what's

happened on that left side of that chart.

Because once you understand all that, it's going to repeat itself.

Because if in fact there's a smart money entity and they are manipulating

and they are controlling things because they're motivated by money and greed.

They're not going to change their emo.

Their motive is going to be the same thing going forward.

It's the same business model.

Every single day.

It doesn't change.

It's not going to stop working.

The only thing is is if you share it with people, number one, you just

making it common knowledge and it just, you just don't want to do it.

You don't want to do it.

Not because it's going to stop working, but because you just want to be a

part of that small group that is profitable, that is in elite, that you

know what you're doing with your money.

You're not gambling.

This is not gambling.

You're not rolling the dice.

You're waiting for a scenario where those individuals that control.

Are in play, they're moving price and you're on the same side as them

by default, you have no other way except for seeing positive results.

Does that mean profitability?

Maybe if you're in a demo can't you can't make money on that, but you

learn a positive response and in therefore it teaches you, this worked.

Let me try it again.

Wow.

This worked.

Let me try it again.

Why do you think, I tell you guys that it takes a minimum of six months,

because if you look at the things I teach, you will see at least one market

structure shift in that time period.

You need to see one because once you understand when it happens and you see

it unfolding, oh man, the confidence level sends you through the roof.

You're like, oh man, I am never doing this again.

I'm never working for somebody else.

Again.

I'm going to learn this business and I'm outta here.

I'm done.

I need to do this the rest of my life and your passion level go crazy.

And you'll know what you're doing.

You won't be just excited, like a football game fan.

You'll know what you're excited about and why it's exciting because it's consistent.

It's over and over reoccurring.

It's never deviating.

It's there all the time.

Very rarely do you hear these terms taught and spoke about in textbooks?

You know, uh, there's always a risk.

There's always this and it's always that the risk is you reading it wrong,

but this is always there and price.

The problem is, is that you're going to let you as the trader

steer you wrong because you don't look at something you're going to

get so opinionated about something.

Higher timeframe.

It's hard to change directions a lot on that daily and weekly chart.

It's, it's usually one direction for a while.

That's why you have to start there because if you start in lower

timeframe, you're changing your mind 20 times inside of the day.

I mean, I talked to some people outside of our group.

They're still in a free membership area that this go on my tutorials

and follow my YouTube channel.

They send me charts all day long.

I can't get to them.

I can't get, I can't keep up with emails coming in, but they

send me their changed mind.

You know, here's the, here's what I'm doing today in cable.

I'm buying this and then, okay.

Here's 20 minutes later.

Okay.

I I've changed how I'm selling it.

They changed their mind.

Again, this is all happening in two hours.

That's somebody that has no idea what's going on.

No idea what's going on by having the higher timeframe premise by

looking at monthly, weekly, and daily charts, focusing on the daily chart,

this is what we're dealing with.

A daily chart.

We're framing it like a bank does no one's teaching you this.

They don't give you the perspective.

Okay.

From an institutional vantage point where how and why they're going

to go to a specific higher, low.

Yes.

You can go back in time and look at a chart and say, okay, here's an old boat.

They're going to be self side liquidity here or sell stocks here.

All kinds of people on YouTube.

They're doing that now.

And yeah, it's great.

But I'm telling you which low and which high to go to.

There's a specific phenomenon that repeats itself over and over and over.

And by having that as your routine, every day, you sit down at your

daily chart and say, okay, where are we at in the current range?

Where are we at with respect to the lowest, low and highest

high in the last 20 days?

The last 60 days in the last I'm sorry, last 20, 40, and 60 days.

Have we cleared both sides of the board?

Have we taken all the buy stops in the last 60 days and the most highest

high have we rejected all that and cleared out and back in the middle of

the range, because what does that mean?

You have to study?

Are we at a large, larger longer-term equilibrium where we could stay sideways

for a while, or now, are we going to the sell side, looking for the lows

outside of the last 60 days range by having that and in start implementing

inter market analysis, that means you're gonna start having ideas from

the commodity market, the equities market bonds, all those things will

start giving you more information.

And it'll tell you where the opportunities really are that way, even though we can be

specific and specialist about I'm a Euro trader, I'm a, I'm a crude oil trader.

I'm a gold trader.

You do want to have some diversity by having some exposure in other

asset classes, because it gives you a great deal of context about why

you think your market's going to go up or down, or it doesn't mean.

Uh, Canadian dollar is a good example.

If it's a crude or markets, um, you know, acting and behaving a certain

way, the Canadian dollar is going to have a direct response to that.

And when crude oil is not an a, of any effect, you know, Canadian dollar, you

know, will move just like the other currencies will, but oil has a great

deal of influence over that particular, uh, currency, Canadian dollar having

intermarket analysis and relative strength analysis together, and applying less

than T studies like the dollar index and the interest rate stuff that I'm

teaching you this month, you'll have very, very little opinions about what

the higher timeframes are telling you.

And when you do that, you are in line with what the institutions are doing, because

you're not changing your mind every day.

This is what's going to do.

I don't care if I see two down days on the, on a daily chart, nothing's changed.

It just means it's three tracing.

They're coming back for some more orders to buy more.

And that's when we go into discussions about building in

larger positions with an underlying bullish move, that's already there.

We've already put in a position that's bullish, we're retracing.

How do you add more to that?

Where do you add more to it?

And how do you protect that position as well?

And, and w what do you do to scale out?

Do we ever hold for whole full positions?

Yeah, but you need to know all these things.

Yeah, by the end of this month to fully appreciate what we start teaching in

February, March and April, because they're going to repeat themselves.

And as long as you have a general idea of what is being taught in January, I mean,

if you're completely lost and obviously you're gonna need to reach out to me after

the last lesson of January, but for the most part, if you have a general idea,

what I'm talking about, when we start applying it every single day, we sit down,

you'll see the data points I'm looking at.

You'll know exactly why I'm calling this high being significant or this

low being significant or this gap.

You know, that that will make perfect sense to you.

Then what order block am I looking at?

Why, why this or blocking that?

Not that one.

Michael why'd you pick this swing high Michael on not that swing high,

Michael, you just learned it today.

There's a range I'm looking for.

It's 20 days back, 40 days back, 60 days back then I'm casting forward.

And I know from that point on, I know I can have a new look back point where

I can go 20 days, four days, six days back and wait for those new highs and

lows to form that have not made its way into price yet when they form liquidity

will build above it or below it, based on what I see on the hard timeframe.

I know what side the market's going to reach for when you do that.

Same thing, you're not going to send me emails and text

messages and direct messages.

Um, do you think that, um, Australian dollar is going to go down.

I think that the Canadian dollar can go down today.

What are you saying?

Don't ask me what I think.

If you're watching my videos and you're in here, don't ask me what I think the whole

point is, is learn from what I'm teaching you and you arrive at your own opinion.

And then when you're wrong, what did you, what did you do wrong?

Don't avoid that.

That's a learning opportunity.

Take that as a big opportunity center stage.

Make me a better trader.

What can I do?

What did I, what did I do wrong?

And what did I see wrong there?

So I don't re repeat that same thing.

That's the benefit of being in here.

You need to go through the lab experience, go through the exercise, okay.

And make the mistakes.

Now you want to do those things right now.

When it won't hurt you, they won't hurt your development.

It won't hurt your money.

They won't take anything from you.

It will build you up.

The folks that have left us, they have, they have no concept of that.

They don't want, they don't want to wait around.

They don't want to learn anything.

They want to be spoonfed.

You are here to learn how to do what I do.

Analyze the markets, call the markets from where they are right now and where they're

going to be at next in between those two price points, there's opportunities.

And I'm going to teach you how to take those opportunities and manifest that

in the form of trades, keeping risk, low equity curves, going higher and managing

risks all throughout the whole process.

But you cannot get to that level without some interaction on your part.

And it may require you to do things.

My watching videos like this is a live session.

You may be forced to do these things by studying the recordings.

Do not think that this is not any value because it's a recording has no, it has no

basis on there that has no effect on it.

Staying committed to the development process is hard.

It's very, very hard, but I'm trusting that what I'm showing you here proves

number one, there is a real routine on how Y price goes to a specific level.

Why it repeats?

Why I tell you that it's not going to stop working?

Why I tell you there's absolutely an algorithm that controls price,

because it does things that a computer program would naturally do because I

learned to be a computer programmer.

I went to school.

I have a degree in computer science, specializing in information systems.

I know computer programming.

I know it.

So if I look at this stuff and I wanted to become a systems analyst, when I

was going to school, that was my job.

I wanted to build the documentation stage so I can sit down with the

programmers and go through them.

And if they had issues with the coding, I would help them make

this, uh, this process work.

But I wasn't going to be the coder.

I don't have the patience to do the coding, but when I started learning the

mechanics of what they're, what the price delivery does, I didn't think about it.

It just dumped on my head.

This is the computer.

This could be automated.

And by curiosity, I went home and looked in the charts and said, okay, if this

is possible, I should see it in price.

And here you go.

It was right there.

And I got nervous and excited at the same time, I was laughing and

crying at the same time because I thought I literally hit the lottery.

Like I had the winning lottery numbers for the lotto every week, going forward.

I had it.

Every tumbler clicked.

It made perfect sense.

I knew right away why I was wrong on everything.

I lost money on.

And I knew now going forward, where's the next setup going to be?

Why do I have to wait for it?

And when w what, how much time will it take for it to happen?

When is it most likely to occur?

Where is that signal gonna format before it even gets to that price level?

That's what this gives you.

It gives you every bit of clarity that you don't have right now, once you understand

what you're doing with it, you'll have every bit of understanding about why

you're waiting and sitting on your hands.

See somebody you say, oh, I just to set up right now.

Uh, Michael, I want hear that because I want you to focus on what's going on.

The price has to be driven to a specific level.

Then I can tell you why this is what happened.

We said it was going up.

We told you the levels is going to go up, but why did it go there?

You learn that today going forward, you want to be using these tools.

To beaver frame, the ideas that lead to a trade setup as you go through

more of the material, small little pieces will start coming, clear things

that you have questions right now.

You need to not send them to me in an email, be surprised by

finding the answers in the future lessons and in your own study.

That's how you practice.

That's how you develop as a trader me, giving you an answer.

Isn't going to always satisfy because you're going to still

come with 50 more questions.

I know that because it's the same thing I encountered when I think

they know something about something and I scoured the internet for it.

It created 50 more questions.

Well, wait a minute.

Now, if I came in with one, one little thing that I was unsure about, I go in

and I start looking for it and I get the response and the answer to that.

But then it created 20,000 different scenarios that

would create what if scenario?

What if this?

And what if that, and that's the problem.

Every one of you are in that stage and it's because you're overzealous.

And I, I appreciate that.

Believe me, I've been there, but you also have to just take a little bit of faith

and trust the fact that I've taught this before you are not a Guinea pig scenario.

I've done this with groups of people and individual basis as well.

Trust me, I will get you where you want to be at, but you have to allow it to

happen, but you also have to be a part of it by practicing and looking for it.

Not looking for trades, looking for the things that I'm telling you to evidence.

But there is control if they evidence control and price, that means that

there's no reason for you not to trust the things I'm telling you in the future.

If there's something I'm going to teach you in the future.

And I say, okay, refer to the up-to-date arranges.

This is why the turtle soup false break below low is going to happen.

And we can be a buyer down here because if I start saying, okay, look, we're

going to buy tomorrow's tomorrow.

We're going to buy today's low.

Oh, I don't know about that because if we sit in London and it starts diving

50 tips, all in one candle, I guarantee you 85% or more not buying that day.

You're not buying that low.

You're going to wait for a bullish, shorter block or an optimal trade

entry, or you're going to wait for it to move up to 60, 54.

You think it's going to go up?

You won't trust it.

And you've missed the whole learning experience.

You got to go through the things I'm putting you in front of to do

those very things, pay attention what's being done right now.

I'm getting a thousand questions about why they can't get to

October content right now.

I can't watch the things, things October.

I can't, I can't look at what's going on in November.

Why are you there that stuff's there forever.

You have access to that focus right now on what's being taught in jail.

I'm telling you, it's a lot of stuff.

And if you are wasting your time on things, that's already been taught to

you and it's already in recording, you can go watch it any other time, pay

attention more than any other month closely to this one, because I guarantee

you, if there's any month you're going to have to come back to and study.

It's this one, there's so much stuff in it.

It's dense.

It's very, very vast.

You have no easy way through this.

You got to grind through a lot of this material and you're going to have to

refer back to it many times and believe me, you'll be back to this whole month

content multiple times, even when you complete the mentorship and you're

going to find stuff that you didn't get the first time, the 20th time, the

30th time, it's a lot of information.

It's two decades worth of stuff.

You want to be a big, big time trader.

You want to be consistently profitable.

It's in this month, you want to know when not to trade and lose money.

It's in this month, you want to know how to frame a trade

before price ever gets there.

It's in this month, you want to be a day trader it's in this long.

Short-term trader this one too.

You want to swing trader here.

You, your options trader it's here.

You want me?

You want me to trend trader.

You want to be a breakout artist.

You want to be a trader that sells options, rights options.

It's in here.

You won't appreciate it until we get to the supplementary teachings, but

everything that leads to you being effective, doing those other things

stems from what you understand and being taught in January here, all the contents.

It's going to be a lot more than eight lessons folks.

It's more, it's sub teachings inside of these major eight topics.

Lots of it.

And that's the reason why we're not doing these live sessions and I'm

throwing an extra one in here today by time, because I want to encourage

you that what you're waiting for is exactly what you're looking for.

And believe me, it's a lot of stuff and you're probably going

to your head's going to hurt.

You're going to have, you're going to feel like, man, this

is information overload, and I'm already pre-warning you this month.

And I told you this of all the other monster in this mentorship,

this is the one, it's a monster.

It's tons of stuff.

And you're going to have to study.

You're going to have to study in February.

We'll resume back to a very standardized teaching model, eight lessons

supportive in nature, and we'll be back to doing more live sessions,

you know, throughout the week.

And then in March, we'll be obviously in live session on a daily basis.

Every Monday through Friday, we'll be back in ly session, but you got

to give me the time to give you this information and still operate as the

mentor and answering emails and also running it to, I mean, I, there's a lot

of stuff I have and I have a family.

So permitting me the time to build the lessons for you and change some of

the things that all my notes are all based on like commodities and indices.

So I have to change some things and create some slides that relate to.

Foreign exchange because I'm predominantly teaching to a crowd

that come to me by way of FX.

But when it's, um, when it's necessary, you'll hear me talk about it where, um,

this is unique to a specific asset class.

You know, like we talked about today with commodities, the idea of having

the open interest in, in, in your study that is only going to come by

way of looking at the futures market.

So since we're four X traders, it is important that you avail yourself, that

information that's available to everyone.

It's common knowledge, it's free.

You can go in and out and get it.

Okay.

And it's valuable.

It's a gold mine and people that think they understand it while they may

have a little bit, their myopic view of, of one facet of it does for you.

What you learned today was the real mechanics of what open interest does

it gives you the x-ray view of what the real smart money activity is.

Are they really buying cars?

If they're really buying, they're going to dump open interest and it's

going to drop 15% or more, and it's going to happen at a key support level.

If it's going to sell off and start going lower.

And if that was a real turtle soup sell, then that means prior to that

turtle soup cell, they should have been a massive increase over time

with that open interest going up.

And you saw that in Australian dollar because open interest, high open interest

indicates them offering the cell phone.

They're only going to take part of that.

If they know eventually they're going to be able to sell that position

off with price being going lower.

That's the only time open inches is going to go up and they can do this on longterm

trends, but it will shift every quarter.

They have to fund themselves for allowing the holding of that risk.

Now you're probably thinking, okay, well, Michael, if they're

in control price, what really?

What real risk is there?

Well, what happens when a rogue nation nukes another nation?

You're not thinking that are you, but that can happen.

What would that do?

What would that do?

If a nuclear bomb gets dropped in any nation, it's going to freak everybody out.

We're in world war three bombs are dropping when September 11th happened,

boom markets are all over the place.

Anything can happen.

Look at the Brexit.

Look at Donald Trump, look at that.

Did there's risk, okay?

But they take these risky and, uh, opportunities and they manipulate,

but they don't want to hold on to something and not make money.

So, yeah, while they will provide liquidity and sell to the buyers,

see price, trade higher for a period of time, every three months, look

at your charts and see if they don't reset themselves every three months.

It's there.

It happens in S and P.

It happens in stocks.

It happens in commodities.

It happens in bonds.

It happens in Forex.

It's there every three to four months, you'll see it.

It's there.

And that's how they pay themselves for holding on that risk.

Offering liquidity for the sell side of it, providing the means

for buyers to buy currency.

They will do what we're discussing here, quarterly shifts.

And you'll see evidences that in open interest, it will happen at points at

which by looking back 20, 40, and 60 days where there's highs and lows are where

those gaps are, where equilibrium is.

Those reference points in that time field.

Okay.

Of 60 days as a maximum look-back, it's simple.

And here's another study to make it easy for you.

Just go back 60 days from every month, beginning start every month, there

was an exercise every single month, a counter month put, put a vertical line

on every new month, go back 60 days, find the highest high and lowest low.

And you see if they don't wipe that out, you can take any pair.

You could be the dollar index.

It could be the well look at the Australian dollar, put a

vertical line on every single first trading day of every month.

Okay.

Don't do them all at one time set where you're charging nice and crisp

and clean, but put a vertical line at the beginning of every month, the

first trading day of every month.

Okay.

And draw out a line.

Okay.

60 days, 60 trading days.

Okay.

And delineate that and then find the highest high and the lowest

low, and then go forward from the firm to the right of that.

And you see if they don't run those, uh, buy stocks and sell

stocks above of that and do the same thing for 40 days and do the same

thing for 20 days doing that study.

That's exactly what I did the night that I seen how this works.

That's all I did.

I said, okay, if I'm a data, if I'm a computer programmer, I need that.

Being able to reference something, how can they know what the orders are like?

How does in my mind, how could they see Lindwall docs orders?

Because that's how I looked at it.

My, my perspective was if, what I'm learning to do in the marketplace

to be a market maker, I have to know certain things and what I was learning.

If this is true, then I should see evidences of it in price.

And I couldn't wait to get home.

I went home, pulled out my charts and it was a Swiss Frank chart.

That was the, that was the actual chart.

I opened up my commodity price charts from a commodity trend service.

And I literally turned the page and I literally in seconds.

That's okay.

If I'm a, if I'm a computer program and I'm going to be able to reach up into

an area orders at camp, I can't know what every brokerage firms orders are.

There's no way it's dynamic.

Think about it.

You may have a trade on right now and you might have a stop on it.

May be there, but something might change and you collapse that trade.

Your order is not there anymore.

Every one of us are dynamic thinking.

We may have an order there.

Think about what you did with your last trade.

How many times did you move your stop loss?

Think about it.

You were long, you moved your chair, you shared your stop-loss up.

Okay.

And then you start seeing the little retracement.

You're like, oh, let me move.

Let me move that back.

And some of you probably moved back further than it.

First originated that you're dynamic.

So your orders are always moving around.

And that's why I say, Hey, this is too much of a variable.

There's no way for them to know every single book that's out there.

So how can you standardize it?

The epiphany I had was go back and go back the same number of days

that I'm being taught to look for and just look for the high and the

low that's where the buy stops are.

And that's where the sound stops are.

And there it was, it was like Solomon's mind.

There's opened up all the Fort Knox opened up.

Everything happened that moment, the flood of emotions, flood of.

And fear like, oh no.

Did I just do something I wasn't supposed to do that?

I just learned something and see something I wasn't supposed to.

That's how I felt.

I had this big old textbook okay.

Of information I had to digest.

And I literally didn't want to touch it anymore because in my

mind I had already cracked it.

I didn't want to go back.

I did not want to sit with these people and learn anything more

than I had already learned there.

I went from that to the corn market and commodities.

It was there.

Soybeans live cattle, pork belly.

They don't trade anymore.

Silver, all the metals, palladium, platinum, hydrate, copper,

cotton lumber, orange juice.

It's all there.

It's all there.

Once you see it, you're never going to forget it.

And you can't unsee it.

And when you see these things that repeat over and over again, and they

are they're finite, you'll prove it to yourself in a short little

exercise like that, pull up a chart.

I don't care what asset class it is.

Define it.

Look back last 20 days, last four days and last six days worth of high

and a low where's liquidity voids.

Where's the ferry by pre-write.

You have some where's equilibrium and you'll know exactly what price is going to

do on that right-hand side of your chart.

It's going to move to those levels now think in terms of overall.

You will be able to define a range by doing that.

You don't need an indicator to tell you if your bow overbought or oversold

look at the highest level of liquidity in the form of a high in the last 60

days and the lowest loan last 60 days, that's your real overbought and oversold.

You don't need it.

You don't need an indicator for that.

I've made fun of that stuff in my free tutorials on YouTube.

You know, all these guys stopped not diverging.

I don't need a divergence.

How do you do that?

Where's the range.

Where am I?

In terms of institutional order flow, the real institutional order flow.

The one I'm talking about, you'll hear this talk, Chris.

Laurie's not teaching this stuff.

Okay.

Online trading, isn't teaching it.

YouTube guys only.

They're not teaching this.

These are finite things done.

Unless you came from where I came from.

You're not seeing or learning, or even knowing about this stuff.

It gets deeper than this.

It gets more specific than this.

This was just the beginning stages of what I I'm taking you.

Whether you realize it or not, I'm taking you through the whole

process of how I became ICT, the things I learned, the way I learned

it, the process of how I got to it.

It's what you're seeing here.

One stage at a time.

And how do I know it's like this?

Because I journal I've kept a journal for years.

And I remember certain things because I journal, I go back in

time and look at certain things and I get to relive that moment.

And that's why I'm so passionate about teaching you even

before I started sharing.

Look how passionate I've always been.

I've always been passionate because I know what it was like for me to

experience it, to go through the process in that euphoric moment.

When I finally got to what you're all aspiring to be knowledgeable,

knowing exactly what you're going to do with these candles on your chart.

What's this telling you, what are you going to do with this information?

I'm making money with this.

I'm building a business.

I'm building a future for my family.

I'm building a means of being able to build a legacy for my

family, that they never have to be subordinate to a employer.

You're going to make your own way with this information.

And now I'm interested in that.

I'm passionate about that.

And when you do these things and you go through the processes of the things I'm

telling you to do with this month, content doing these exercises beyond a shadow

of doubt, it's going to blow your mind.

You're already here.

It's not a sales pitch.

I don't need to sell anything to you.

You're seeing it, but you're not really seeing it yet.

You haven't done that yet.

When you do soon as you do it, I'm telling you the forum's going to light up.

You're going to be, you're gonna be all over the place.

You gonna be sewing up charts on, Hey, look at this.

It did it here.

It did it here.

Then it didn't, you're not going to be.

It's gonna be like, no dose.

Forget about it.

Caffeine.

You won't need it.

You're going to jumping around, hopped up on goofballs because you

literally won't be able to contain yourself because you knew exactly

what you're looking for going forward.

That's exactly what traders want.

You're asking for setups.

Gimme signals.

No, that's not what you want.

Really break it down.

You want to know what I know you want to know when you are going to

take a trait, because think about it.

That's ultimate control because if you know where to find the next 20,

30, 50, 60 trading opportunities, you don't have to trade today.

You contrast it.

That what you felt like this morning before the session hoping

opened up, you're hoping I'm giving you something right now.

If you want to take a trait and it only comes because you don't

know anything right now, you don't know what you want to do.

You want to focus on the common goal is that this information is going to

take you to the understanding of known what it is that you are going to do.

And when you don't want to do it to stop distracting yourself, by

going through old content, don't even watch my free tutorials.

This month.

It's focused on this cause bleeding.

It's, it's a lot, it's a lot of stuff then.

And only then start amplifying it by doing the other stuff and the new things

that we teach in February going forward.

But there's a lot of things that you need to be paying attention to for this month.

If you miss this, you're going to struggle the rest of the mentorship.

And I mean, And if you don't stay it's because you didn't take my words to

heart right now because you don't, you're not, you're not trying to do it.

And guess what?

There's no shame in that, because if you don't want to do the work

with required here, you're not going to make it in trading.

Regardless.

If it had everything I was going to teach in this whole entire

mentorship, it's all between your ears.

It's going to be the problem.

So this is the dividing marker.

For many of you, if you can't submit to what's required and that you had

to do in January, you might just hang it up, just forget about going.

Don't worry about it and go back to watch and free tutorials and YouTube

videos, and then be content with that.

And don't let it beat you up because you have now arrived at

that's the final decision-maker.

Because if you're not going to be organized, if you're not going

to be disciplined to do the work that's necessary, you're never

going to trade, not in find profitability and it won't happen.

It's not going to happen.

You want reality, you want truth.

That's what this is.

You won't make money at all.

Unless you submit and do the things I'm going to teach you in January.

Everything.

If you don't do these things with 1000% assurity, you're

wasting your time with me.

You're wasting your money with me, and you're never going to be profitable

with the things that I teach.

It's not going to happen.

You'll have hit and miss results, and you're going to undo everything

because you're going to go nuts.

You're going to just, overtrade trying to get it all back.

And you don't mean to do any of those types of things.

It can be very boring.

And that's what you want.

You want to be boring.

You want, you want that same feeling when you go to work.

It's the same thing every day, same people every day.

That's what you want your training to be.

Same thing I know in 60 days, looking back, that's where I need to be focusing

on last 40 days where that's what I need to be focusing on last 20 days.

That's what I need to be focusing on.

Take that information, cast it forward.

Those levels, cast it forward.

They're going to be influential in the future.

And there's going to be new levels that create hires and lows 20

days going forward, 40 days going forward, 60 days going forward.

And by doing that, you get a future level to draw a vertical line on

and look back 20, 40, and 60 days.

And if you get an overlap, that's when the magic happens and would that kids,

I'm going to close it with a very good day and I will have the recording

up as soon as humanly possible.

Ken, um, I guess I do have to do another session.

So this one might have to go on a little bit later, cause I

didn't want to do a live recap.

My library capital, uh, a recap of today's price action, and then

I'll have this one up afterwards.

So, uh, cause it takes a little bit more time for this longer

ones to compress and uh, hopefully you guys found it insightful.

I'm going to wish you all very good day and good luck and good trading.