Original subtitles

Okay.

Yesterday, we went through a brief overview of what's going

to be covered on the 2017 content for each medium of trading.

And I want you to go into this weekend before you go into

the videos on Friday night.

I know some of you are going to be like Christmas.

You're going to go in there and dig it into it.

Do this exercise first, because if you don't listen to me and you jump

ahead and he didn't, he didn't pay attention to this teaching today.

It's a homework.

It's very important that you do this because if you don't do this,

you will not get the intended delivery of the aha moment.

That's good waiting for you.

And the two teachings this weekend.

If we understand that there are major players in the marketplace, if they're

going to be players in this currency markets that are going to be players

in the stock market, the commodity market futures, indices, all that.

There's going to be telltale signs that they are at play they're in

there engaging the marketplace.

And I want you to start looking for those telltale signs on a macro level,

because once you understand this on a macro level, it is easy to transpose

that idea down into the lower timeframes.

The problem you're seeing with your trading and your inconsistency

is you're trying to look for the fingerprints on the lower timeframes.

And it's going to be very hard to see that unless it's time specific.

The element of smart money, they leave their fingerprints on the higher timeframe

charts, because they're like elephants.

They leave big prodding footsteps, wherever they go, and you can't escape

it on these higher timeframe charts.

So in your notepad today, I want you to write the top of your page,

that smart money leaves their fingerprint on higher timeframe charts.

And it's up to you to focus on that because they're in there telling

you to the direction of what they're doing with their money.

So smart money is buying aggressively for showing signs of buying.

They don't buy for short-term little movements in the marketplace.

They buy with the expectation of intermediate term prices.

Now intermediate term price moves are longer than one day.

They're longer than a week.

There are months, several weeks to several months in duration.

So if we're looking at higher timeframe charts, it's at our advantage to

think like the smart money players do, they are not moving size and

positions that are enormous in the marketplace for short-term fluctuations.

They can't efficiently move in and in the markets that way.

So when we are looking at lower timeframe, intraday charts, it takes a great deal

of understanding of what's going on on these hard timeframes, which will give

you the confidence for the daily bias that some of you are still concerned about.

It'll give you the direction you should be primarily looking for, even though there's

trades on intraday charts, on both sides of the marketplace, the folks that beat up

the idea that you should not have a bias.

Okay.

It's they, they, they hang their hat on the fact that they've been lucky in

the past, being able to short ambush.

And while I've readily admitted that sometimes it has to happen.

Even in my own trading, I've been profitable doing that.

My maturity as a trader has led me to believing that the ideal solution

to all of the things that all traders should eventually come into contact

with, with adversities and pitfalls is simply understand what these hard

timeframe charts are telling us and what direction we should be trading in.

So I'm going to give you an example of what you should

be going through your charts.

I'm going to give you ideas.

Okay.

I want you to, to kind of dig into the material yourself.

We only got until tomorrow evening, and you're gonna have both,

both of the teaching sessions.

I want you to be thinking about it.

I want you to go into your charts and spend some time today and

tomorrow and not look for trades.

Don't look for trades.

Cause right now, if you're looking for trades, if you're chomping

at the bit, when are we going to look at the charts again?

When we're going to go with the markets right now, if you do that, you know,

it's not going to be a good idea.

This time of day, this time of year still has a great deal of uncertainty.

Right now this, every January they call it a January effect.

If you'd look at what typically takes place at the beginning of every year,

there's usually a big sentiment idea built in either this an extreme bullishness

or it's an extreme embarrassment.

It can move into January and the February, um, that timeframe can lag

a little bit, but generally around the first of the year, it usually

sets the tone for an opposite effect.

Okay.

Um, and this is not an idea, but it was unique to me.

I learned this actually from listening to one of, um, Larry Williams.

He did a real short kind of like a, he was a keynote speaker.

He w he wasn't even the, the, the major draw, but he did a short little

discussion on the fact that, uh, in the beginning of the year, January tends to

create a extreme, like a sentiment idea.

That would be a contrarian play prince.

I'll give you an example.

Um, if you're looking at the stock market right now, equities are well,

they're going to be hitting 20,000 there.

It's making new highs.

It's, it's doing everything.

You know, that every, every bowl dreams up, but it's doing it

at the beginning of the year.

And it's dealing at a time when we're getting a new president in office.

And a whole lot of backroom deals are going on as one supposedly

leaves the office and one's coming.

So all these ideas tend to create an extreme incentive.

So usually that's signs of capitulation.

That means that's probably near it.

You blow off type move.

I personally believe the next drive up in equities is probably

going to tap this thing.

And we're probably going to see it start coming down.

Now, I don't mean that it's going to be, uh, end of stock trading,

but I do suspect we're going to have a very dramatic decline.

Let's say it like that.

Uh, you can label that crash.

You can label that, uh, Armageddon, whatever you want to call it.

I just personally that, you know, we're going to probably see that, uh, this month

and it's probably going to bleed into, you know, a number of months for 2017.

So if we see that there is evidence in the past and you can go back

forever, as long as you can get market data, uh, there is a element to the

beginning of the year, generally setting up a really good time to trade

where you have the sentiment extreme.

In the form of if it's overly bullish going into the beginning of

the year, generally we have a very sizable retracement or correction

in sometimes in altogether reversal.

And then in Melbourne, where there's markets that have been making moves lower

in women primary, downtrends usually at the beginning of the year, there's usually

a really significant bounce or altogether or reversal look and see higher prices.

Now it's not limited to the stock market.

It's it's the element of this teaching today is I want you to think

about the fact that not just the stock market alone, but all asset

classes have a, uh, connection.

Equities are in fact, connected to currencies.

Commodities are connected to currencies.

Um, the bond market's connected to everything.

All the interest rate markets are connected.

Uh, the, the effects of one country's interest rate market

has another effect on other times.

A lot of people don't realize that, but the U S bond market has a great deal

to do with the European bond market.

Okay.

There there's telltale signs that if they're smart money entities out there,

they don't just think, well, I'm only going to Patriot my own currency.

I'm only going to invest in my own, uh, equity market.

I'm only going to invest in my own interest rate market.

I'm only going to invest in this.

I'm only going to be one, one sided about the way I do things.

Smart money is just like anyone else they're greedy.

They want to make money.

So they're going to put their money in allocations that have

the best odds of having a return.

That's why you have international investors, people that are

outside of our country.

They invest in stocks that are strong us equity.

So they think about it.

China.

They invested in our, our debt, not so much now, but they were once

the largest holder of our debt.

So.

If you look at the grand scheme of things, you have to start there and it will

be able to be reduced down to a lower timeframe on any and all asset classes.

That'll give you the context of what you should be doing in your own trading.

If you want high arch trading, if you want high probability trading,

it has to come in the form of what the smart money is doing.

You cannot arrive at that.

Looking at 15 minute timeframes, you can't even arrive at an hourly chart.

The only thing you're seeing is the confirmations or indications that

the higher timeframe levels and direction that they have already

started positioning themselves in.

That's the only time we take action, we've already seen evidence that

they have positioned themselves on a higher timeframe basis on one side

of the marketplace then, and only then do the lower timeframes matter.

That's it?

That's, that's a big point right there.

If you haven't made, made that notation in your notepad again, listen.

The lower timeframes are only significant.

And these levels are only significant when they are in alignment with a higher

timeframe, monthly, weekly, and daily.

If you do not see any characteristics in the higher timeframe charts,

that section that would suggest to you that smart money's that play

on one side of the marketplace.

And those are the, are they buying?

Are they accumulating positions?

If they are then only then do bullets or box do ideas of

looking for sell stock runs, okay.

Or pulling back into a fair value range that closing a gap or retracement for a

bullish, optimal trade entry, all these types of things then, and only then do

they matter if you don't think about the higher timeframe charts like this, you

are going to miss every single explosive.

It's going to evade you every single time, because you're going to be looking

at these lower timeframes thinking.

That's where the money's at.

And it's not.

I'm tying to tell you that this month, this is the money shot.

You're looking for, where these things occur, how to get ready for them.

Prepare for them.

It's in this whole entire month here because without this month,

nothing has any context whatsoever.

When I talk about day trading, you'll, you'll blow it.

You'll lose money.

As soon as you start trading life funds, you're going to lose money.

If you don't use the information that's in this month, I'm

guaranteeing and I'm promising you.

You will lose your money.

If you do not apply, what's being taught to you in January.

So don't think that, okay.

I learned what I've learned in January.

We covered everything in January.

So I'm going to forget about that.

Just give me the next video, Michael, give me the next teaching.

Cause I'm going to trade with that stuff.

It all hinges on what you're learning here.

All right.

So we have a major market from a institutional advantage.

That's what we're focusing on today.

Now in the first slide we talked about yesterday and was just on the screen.

Now I mentioned chart layouts and tools.

So what are they, what are we going to be doing to fared out

and institutional vantage point?

When I say institutional vantage point, I'm teaching you this

month, how all large institutional players view the marketplace.

They don't look at Fibonacci.

You don't look across over.

So moving averages down, do any of those types of things.

Okay.

They look at the data points that I'm going to give you in January.

It's not a ton of thing.

It's absolutely very binary.

It's simple stuff.

It's very, very simple, but it's going to require you to think, and

it's going to require you to study.

It's not going to be simply open up a chart, look for down candle.

I'm going to buy if it touches that no, it's not going to be that easy folks.

It's just not that easy.

You need to be looking at things to judge whether or not, if there are

characteristic and telltale signs that the smart money entities are

in fact, engaging the marketplace on the buy side or the sell side.

Because when you see these elements, that's going to

be taught to you in January.

There's going to be a very strong odds that you'll be able to

determine what side of the open.

The market's going to reach for it.

And now what is open float?

Here's a notepad moment.

Okay.

Open float is the existing open interest above or below current market action.

So if we are trading at a level and we see signs that they are accumulating

or looking to be a buyer, they're buying up a specific asset class,

we know that the open float is going to make a run on the buy-side.

In other words, above the highest, most recently that's been made so that

buy-side liquidity above the marketplace.

Okay.

For those that are short, they're going to make a run on that side of that market.

And if we've been trading at a particular level currently, and we see signs

that they are distributing, okay, there's evidence that they're heavily

distributing a specific asset class.

When we see that we will have now a strong indication that they're gonna

be looking for the sell side liquidity.

So the open float they're going to target the sell side of the market.

Now, if you can do the work on these timeframes and sit on your hands and

stop in such a rush to get into these intraday charts and start trading.

Okay.

I'm telling you a lot of the things that you're worrying about and the things

that you're impatient about, they will be answered with this content, but it

takes number one, trust that what I'm teaching you is the stuff that matters.

Once you start seeing it and you go on through the charts, you'll

know there's a lot of time that you should not be doing anything at all.

If you're going to be only trading in high probability setups.

Now, is there less probability setups that still could be taken with less risk

just to be engaging in the marketplace?

Yes, there are.

But my question has always been, why are you worrying about those setups

when it's just so much easier to wait for the things that get in the line

that allow you to high-probability setups with the lowest amount of.

That's what you should be aiming for.

Think about a smart money's not in there every single day, piling money in there

doing more scaling in and scaling out.

And they do anything of new positions.

There isn't that many new positions occurring when a hard time chart,

because the elephant has to work in net higher timeframe realm.

They cannot facilitate their trades in short-term fluctuations.

So if we know that we're going to have institutional sponsorship

behind the moves, that means they're not going to move a little bit.

They're going to move a great deal.

You're going to have a lot more magnitude.

They're going to move more in pips.

They're gonna have more time to allow you to get in sync with that move.

That's the importance of having this hard timeframe perspective, and it

starts by having a view at the monthly.

I don't care what asset class you're going to be talking about in your own trading.

You may be here with the expectation that, yeah, you're going to learn how to

trade Forex, but you're going to probably learn at the end of this teaching entire

mentorship, you're going to, you know what, I'm probably going to be a commodity

trader or I'm going to be a bond trader or I'm going to trade the indices.

I understand that now it makes perfect sense to me.

What's going on?

Don't let me anytime during this mentorship, teach you to think about

any one being better than the other.

It's the same stuff.

The same thing that smart money does when they accumulate or distribute.

That's the same thing.

In all asset classes, there's only, there's small, subtle nuances that

go into specific asset classes.

Like for instance, currencies, they have certain things

that you have to be aware of.

And bonds have certain things.

You have to be aware of stocks.

They have opens and closes the sessions end and you have to restart and they

can create gaps in the stock price.

All these little subtle nuances are covered, but everything

generally is the same.

So if we start with a macro view with a monthly chart, you're going to be

able to pull out a lot of information that you don't think of right now.

And I'll ask you a question rhetorically.

I'm not asking you to respond in the live session, but rhetorically.

I'm asking you this.

How many times in the last 10 trades, whether it be demo or

live, have you consulted with the monthly chart is telling you

how many times have you consulted the weekly chart?

Chances are probably very little of you.

Those two timeframes, right there is exactly where all of the large

funds are indicating what side of the marketplace they're working and

you'll know where they're stopping.

And if you know where their stops are, you know, where the central

bank is going to make their runs against that because that's the

only liquidity they can work with.

Think about it.

They can't work with us in a retail realm.

We're not even in the same playing field, but everyone teaches it's them against

us when it's really not them against us.

It's the banks against the large players.

That's the real game.

We're spectators in that.

And we can be a part of it from a side bet standpoint.

So if we're looking at these hard playing Frank charts, we're looking

for clues and evidences that there are major movements by these smart money

players then, and only then do we refine these ideas into a daily timeframe?

So the daily chart is going to give us the executable levels that we

should be looking for our entries on.

That means if you're a day trader those levels are on your daily.

If you're a scalper there on your daily chart, if you are a swing trader,

those position levels for execution and entry are on your daily chart.

You're looking for that all to occur on a five minute chart, one minute

chart, 30 minute chart, an hourly chart.

They can be used to refine and reduce risk, but the general setup isn't

that it's sound on the daily chart.

Everything you're looking for is on that daily timeframe because the banks are

referring to that daily highs and lows inter week highs and lows last week's

high and low, monthly, high, and low.

The last three months, high and low what's the six month high and low,

the last 12 months, high and low.

Then you go into multi-year highs and lows.

All those levels are going to be what the institutions worry about.

Getting new positions on or off the funds because they are predominantly

trend following in nature.

They're going to be looking for ways to get in sync with a longterm

up move or longterm down move.

They do not have an interest in trading and consolidate range markets.

So now what does that indicate?

Think about this now, this is a new pat moment folks.

If you're for often a distance that we're doing laundry right

now, and you need to be paying attention because this is important.

If we know that there are elements to smart money getting involved,

what telltale signs will we see that gets us into an idea that

they're bullish or bearish?

Well, you learn it by going over your charts for a least a year, you

got to have at least a full year's worth of data on your daily chart.

If you look at your daily chart over a full 12 month, I want you

to die, dissect that full year of delivery of data on a daily chart

in three to four month increments.

Now here's, it's up to you to do this.

And I cycled back and forth.

When I do this type of analysis, as you'll see in the teachings this weekend, the 12

months intervals, obviously you can have four, three months or three, four months.

It doesn't work exactly like every three months, it goes up and makes it high.

And every three months it goes down, it makes it low.

It doesn't work like that, but it doesn't not do that at all.

But if you divide what has happened over the last three months or

the last four months, so it's a range of three to four months.

You do that over the whole calendar year.

If you do this number one, you're going to.

Divide the marketplace.

Okay.

In study points and reference points.

And I want you to do this as homework.

I'm gonna actually give you homework in the next slide.

It tells you what I'm wanting you to do.

That way.

We can compare notes when I'm delivering the content in the

two, uh, teaching sessions.

You see if you saw these types of things that I'm talking about in the

teachings, but you want to look at price and what are you looking at?

Okay.

Well, think about it like this.

Um, look at the dollar index.

This one.

Okay.

Or it could be the stock market.

Okay.

You can, uh, it could be anything in particular.

It doesn't have to be a, um, an entity.

It could be a specific currency.

It could be a specific stock.

It doesn't have to be in, just think about this as a broad brush idea, because

it's a macro institutional vantage point.

It's the same thing.

No matter what you're trading, if it's tradable and you can make

money on it and you can speculate.

It's the same process.

Market makers do not do different things because it's different asset class.

It's the same model.

Absolutely the same model.

So it comes by way of the central bank.

The central bank makes the rules for all this stuff.

That's why they want to put their hands in.

Everybody goes this country because they pulled strings.

So they call the shots on how it's done.

And if you look at every three to four months intervals over the calendar year

of 12 months on a daily chart, divide your chart up with vertical lines.

Okay.

You're going to have every three months, there's going to be a vertical line and

then print out another copy of that chart.

Literally printed out.

Don't have it on your screen, print it out and do one where

you have every four months.

Okay.

So you have three divisions for every four months and then you'll have four

divisions for three months into roles.

Okay.

And what you're going to be looking for is signs and evidences that

there's smart money at work.

Now, when you see an accumulation.

The market stops, making lower lows.

Okay.

And then starts moving higher.

Yes.

It's a hindsight exercise.

You cannot learn this going forward.

You have to see what it looks like to see the fingerprint.

It's the same as anything else that's ever been taught to you.

You have to see what the outcome or the output should look like.

Otherwise you don't know if you're getting the result you're supposed to be getting.

So by studying the marketplace over the last 12 months in any asset

class, it doesn't matter what it is.

You're looking for signs that when the market has in fact made

a turn in this case, we're using the example of accumulation.

If the market stops making lower lows and then starts moving higher at that

low, there's going to be, there's going to be fingerprints and like evidences

that, that, that low was forming.

You may not have been trading it.

You may not even have been, uh, been aware of it.

You may have actually had a trade that you didn't see that occur

and maybe ended up having to lose.

That's not the, that's not the point of this.

The point is I need you to go into these higher timeframe charts to look

for these signs, the signs, okay.

That show you that they are in the move and transitioning

into another price swing.

That's going to last several months when you're looking at the lows in

an asset class, for instance, and we're going to talk about stocks for

a moment because it's the easiest one to teach this concept with.

If you think about how I teach stock trading, I only teach the highest

probability time of trading is the fall between September and November.

In that timeframe, the market's going to make a low, I don't

care what year you trade.

It's going to do it now.

I didn't personally trade this past fall because I, I, my personal

belief was there's going to be a great deal of uncertainty.

And while I missed a good deal of moves, I'm okay with it.

I'm not considering, uh, you know, beating myself up about, I stuck to my

convictions and didn't want to do majority of the trading I would normally do.

But I shared on the YouTube channel, you had some of the stocks that would

have been fair to that using that system and method it, in fact, pulled you

right to the very ones that smart money was buying the accumulation pattern.

Okay.

And this is what you want to write down in your notes.

The accumulation pattern by smart money is failing to make lower lows.

When you're comparing that with correlated asset pairs or asset model, And I'll

give you an example, and then we're gonna use the stock market as an example.

And I'm going to tell you how to use this going into your homework.

So that way, you know exactly what you're going to be doing, but for the

stock market, let's just say, we're looking at the Dow Jones industrial.

Now some of you are saying, I don't wanna hear about this, Michael.

I'm only interested in Bitcoin and currencies.

Again, it's the same stuff.

Just apply it to whatever asset class you're going to specialize in.

But for discussion purposes, say we're only looking at the Dow Jones industrial.

Okay.

So that's an NSC that measures the collective and cumulative average of

the movement higher or lower on specific 30 stocks, big blue chip companies.

These stocks make money.

They're really in business.

They make money there.

They're used every single day by other companies or people

when we sell on a daily basis.

So they are real profiting companies.

They do commerce it's they're real entities.

That means something they're not penny stocks.

So.

If we're looking at the Dow Jones industrial, and we have an expectation

that there may be some buying in a Dow Jones, industrial average, and a

level that we suspect there should be support coming into the marketplace.

If we go into the individual 30 stocks that make up the industry, when we start

seeing a number of those stocks failing to make lower lows, what is that indicating?

Is it indicating that they just didn't get enough sellers?

No, the smart money accumulation pattern is at a time when the expectation is

bullish markets that fail to make lower lows, they failed to make a lower low

because of the demand that behind it, they have to be bought at a higher price.

Think about it.

What's in, what's in high demand right now, you know, is it,

uh, a 1987 Camaro or the 2017?

Of course, it's going to be the new card.

They're the, they're the ones that everyone wants to drive.

That's that's where everyone wants it.

So the value isn't going to decline when there's more demand for it,

it's going to be kept at a premium.

So they're going to be buying, buying, buying, buying, buying, and the fact

that the price fails to make a lower low, that is professional accumulation.

That is a sign that smart money's accumulating that.

So if you start seeing a number of stocks in these 30 stocks failing to

make a lower low at a time, when you think that the Dow Jones should be

going higher, it is because you actually have evidence that the individual

stocks are being bought by smart money.

They're not making lower lows.

That's what creates that divergence pattern, that same things

applied with the macro indices.

You have the Dow Jones, industrial, the NASA composite,

and you have the S and P five.

If you are seeing these three composite index making lower lows, but one of

them fails to make that lower, low.

Again, that's that hallmark symbol of smart money accumulation.

It's telling you that somebody, a collective group of large entities that

have a lot more money than us are coming into the marketplace and they're buying.

So if they're not letting the indices work together and make lower lows, that

means somebody is buying something.

And then you've got to go and start doing some more research.

What are they buying?

What are the stocks that are failing to make lower lows?

That same thing now can be applied in reverse.

Now, when you look at the market, in terms of, again, we're

going to use the stock market.

As an example of the Dow Jones, industrial average is making higher

highs, but it hits a level you anticipate seeing as resistance seasonal.

Uh, time for a stock market to decline around July going into August.

Usually that's a real good time to be a seller in the equity

market that time of year.

If it hits the resistance level, go into the individual, Dow 30

stocks and look at the ones that are failing to make lower highs.

I'm sorry, fail to make a higher high.

So you're going to have lower highs where other stocks that have been leadership

issues, they're making higher highs to make that Dow Jones and Justo go up.

But the weaker stocks that fail to make higher highs, they're indicating that they

are the ones that are being distributed.

If you can see that happen in existing downtrending markets,

you have a lock loaded deal for a perfect shorting opportunity because

you're selling short in an already pre-existing weak market or weak stock.

And they're showing you that they're distributing it ahead.

How can you use this information in the currency market?

Well, if you're looking at the dollar index, what we do is we go

through the marketplace in the same way, over the course of a full year,

we're going to break down a daily chart in quadrants or in thirds every

three months or every four months.

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

The dollar index makes a significant enemy in term high, and it starts

to trade lower for several months.

Then it makes a short term, intermediate term, low, not short-term, you

know what I mean, term low, and then it starts to trade higher.

Okay.

What we're looking for is every three, the four months, there's a

significant intermediate term price swing that intermediate term price

swing the curves on the daily chart off of levels that are arrived at

on the weekly and the monthly chart.

So you're looking at levels.

Border blocks, stop runs on monthly and weekly levels and transposing

those ideas onto a daily time.

But then you're breaking down your daily chart into thirds

every three to four months.

And then you're gonna look for what that has done in the past.

And here's another exercise don't just use this last 12 months.

Go back as much as your personal time will allow you.

And you'll see that there are major significant turning points in the

marketplace at these intervals.

Now I know some of you were saying, there's somebody in

here that rather still cynical.

Well, that's all great.

Michael it's too broad brush.

It's too vague.

Okay.

We haven't completed the teaching yet.

I'm getting you thinking like an institutional perspective.

You got to have these ideas on a macro level, condense it down to a small

timeframe for high probability, low risk, but for a dollar index trading.

Okay.

Or currency trading.

What we do is we go into the dollar index and we can look at our monthly levels.

We look at our monthly, um, are we at a premium or are we at a

discount on a monthly level or what?

A monthly.

Where are we in terms of the current range?

Are we really suppressed and low?

Well, chances are, if we see a resistance level, does it have a great

deal of probability on a daily chart?

Maybe not good, but probably not.

Same thing occurs with a weekly chart.

If we are in the last bit of a significant movement, lower in the

weekly charts, then trading lower.

And then we see a weekly level that would be indicated as resistance.

Okay.

Does that have high probability over a potential weekly support level?

Because think about it, we're now at a real deep discount on the monthly

and on the weekly chart as an example.

So what would that indicate for a daily timeframe?

Probabilities are really high that if we see some indication that they're

buying, or they have some buying come in failing to make a lower, low.

And the dollar while the farm furnaces, Euro and cable make higher highs

suddenly, what does that indicate?

Now you have a fingerprint that you have a discount on a monthly chart.

You've been trading lower.

You get to a level where there should be support and the weekly

chart it's been trading lower.

So we're now at a discount as well.

And on the weekly chart.

And even though if the weekly chart looks like it's hitting

some kind of a resistance level, does that mean that to sell?

No, because you're already low on the discount, the premium range.

So if you're in discount, that means prices over sold basically.

So say it like that.

We don't use indicators that determine overbought and oversold, but in terms

of the range where we've traded on these timeframes, the higher timeframe, if

it's really been trading lower and just because we're at a resistance level on

a monthly or a weekly timeframe does not mean that that's a good selling

point for a daily or any of the time.

It means to me, I start going in there and looking for justifications

for them to be accumulating.

And I look for signs that they're accumulating around a specific level,

that we arrived at a monthly and weekly chart and transpose those

levels onto a daily timeframe.

Then I wait, I'm waiting for that element that they have answered the marketplace.

What is that?

That's displacement.

The market will suddenly create a big boom that will rock it up.

You may anticipate it coming.

You don't have to see it coming.

You just wait for it to occur when it does you now go right back into

where it just recently rallied Trump.

The bullshitter bought the last down candle.

And when that comes back down into that bullish candle on a daily timeframe,

you now have the most significant entry point for low risk high probability.

And it's a loaded deal because the monthly and the weekly artists.

You've already seen the market show an unwillingness to respect that suppose at

higher timeframe resistance level, because it's now shown it wants to go higher.

And then when it trades back down to that same level where they moved away from

the impulse saying impulse price swing, that idea is that you now know that they

have bought everyone else is going to see that as a selling opportunity because

the month and the weekly are in down trends, that does not equate to that.

And that doesn't, it doesn't mean that it means that you're looking for

the next move on the daily chart for this new third or fourth quadrant.

That's over time, you're going to divide your chart in the

three to four month intervals.

And all we're trying to do is look for the next three months out.

It says that's all we're doing.

We're trying to anticipate and forecast where the highest probable

direction is going to be over the next three to three to four.

You don't need every bit of that range to be moving in your direction.

You don't, it's not, it's not the intended purpose.

Now think about it.

If we divide our range in the form of every three to four months,

that means we have about a month and a half or two months of

potential one-sided price action.

If everything worked in cyclical fashion, it goes up and it goes down.

Well, how long did that whole integral take place?

If it takes a month to do it, the halfway point would be two weeks.

Well, if we're looking for a shift in the marketplace to go higher and

we're expecting some accumulation to come into the marketplace, and that

means they're buying, that means the dollar index is in this case.

We're looking at dollar, say the dollar index fails to make a lower low when all

the foreign currencies make higher highs.

That's that smart money technique that we use SMT divergence.

If that occurs at a time when the month and the weekly discount line.

And it blows through, will they be seen as some measure of resistance?

Okay.

I want a higher timeframe level and you're probably asking how can it be

trading at a resistance level, Michael, if it's at a discount, because if it

broke down below a previous low, what does support resistance teach us that

that broken support is now resistance.

I love trading those ideas because I think that is the biggest losing setup because

everybody thinks these long-term trends are all straight lines and they're not.

So if we can buy at a time when the marketplace is gone below an old, low

on the monthly and weekly, it's going to trade back up to that old low.

But if it's been trading for awhile, we're going to be really suppressed in

a discount condition and then market can trade a lot on a daily timeframe and still

maintain its bearishness we've already taught many times before it goes, not

just right to the bottom of the load.

Like support broken turns, resistance ideas teach us.

Sometimes they go through that level a little bit and he reaching a deep and

then it could still end up rolling over and continue with lower, but in a daily

timeframe that could be hundreds of pips or hundreds of points in an industry.

It could be a lot of range that could capture big money.

So if we're looking at these movements every three to four months, what we're

really identifying is I want to know where the next three to four weeks movement is

because it's a half-life of that cycle.

If we're looking at four months as are our horizon, half of that's two months.

Well, if we're looking at three month intervals, okay.

It's half of that.

So ideally I'm looking at, in my, in a perfect world, I'm looking at a

horizon it's three weeks to four weeks.

Yeah, that's what I'm looking at.

That's my time horizon.

Now I try to do my best to see what I think may occur over the next six months,

but I don't have consistency in that.

I can hang my hat on and say, yeah, I knew without a doubt,

it's going to do this or that.

I don't, I don't believe I have that.

And I don't believe anybody can have that.

But if someone does it and they read a book or a course, um, I'll be

glad to share that they've done it.

But until now up till now, I have not seen the evidence to support that idea,

but it's really easy to forecast about a month worth of price action, and

look at a monthly chart of anything.

There's lots of opportunity in that range.

Tons of opportunity, regardless of what type of trader you are.

So if we're going to apply these ideas, okay.

Uh, commodities, let's look at that.

If you're gonna be a commodity trader.

Okay.

And you think that the market has moved into a realm where the

commodity market should be going with.

The CRB index is going to be going up.

It's been trending higher.

If it hits some level of expected resistance, we are at a premium and price.

Everything is overvalued or overbought without the use of an indicator,

but you're going to go in and start looking for evidences that are

commodities really being distributed.

Are we topping out the way you find that out is you go in and you start

looking at the individual commodity markets, and you'll start seeing that

inside of like for instance, the grain markets, uh, the grain markets will

start failing to make higher highs and the ones that fail to make higher highs.

They're ones that you want to be selling short.

One, if the commodity market as a whole is going to start going lower,

you want to be selling the week of all of those industry groups.

Commodity groups, you have the agriculturals, which are

the, uh, livestock and grains.

Then you had the financials which are debt instruments, currencies, oil,

and metals, and you'd classify them, break them down individually by group.

And you can end up ferreting out.

When we teach commodities.

I'll tell you about all this stuff in specific fashion, but you can go in

and find all of the weakest individual commodities to be going short.

When the CRB indicates that we're going to be going lower and commodities as a whole.

It's the same thing done with the Dow Jones industrial average, where there's

30 stocks just applied to commodities.

Now I saw a question on Twitter and it just reminded us.

That's what I was talking.

Um, a gentleman in our group was looking for, well, you said CRB is opposite to

the dollar index, but there are times when, because commodities are the world's

grocery store they're going to have.

And I'm going to say this.

Now they have real supply and demand factors behind.

If you're on an island, you know, and I say, here, look, I'm going to give

you a bar of gold or an ounce of wheat.

Which one are you going to take?

If you're stranded on an island with no hope of getting off of there no

time soon, what are you going to take?

You want the wheat, okay.

Who you are.

You can't eat gold.

You're going to want that wheat.

So we is never going to zero gold could.

And if you, if you believe in the Bible, it's going to be worthless eventually.

But the point is grocery store of the world is the commodity market.

So if we understand that that is a real supply and demand market, there's

going to be a little bit of a lag sometimes with the commodity market.

And that's the only caveat that comes with in my opinion, with trading commodities.

So you have to have, you have to allow a little bit of a, uh, a time

element to it, where if you see.

The dollar indicating that it's bullish or bearish that may not

be immediately to the very day.

Whereas if you use it with another currency, it's immediate, like when dollar

is going up, that should be immediately reflected with the Euro going down.

That's those things are in tandem with one another, your box step two,

diametrically, opposed to basically, but when you're referring to commodity

markets, they have real supply and demand factors that are involved, and those will

always create some measure of time delay.

So don't think, you know, just because the dollar index is, is surging up and

then you can go back to the chart and say, well, look at the commodity in a CRB

index, it was going up to from November.

Yes, it did.

But that doesn't equate to, or, um, it doesn't diminish the truth that over

time, the strong dollar will suppress.

Because it is that's, that's the way it is, but certain commodities do have their

own unique characteristics on supply and demand that will contribute to the

CRB index, not initially right away, moving in, in tandem with the dollar

index, but diametrically opposed to it.

The same element.

When we look at institutional vantage point with the interest rate markets,

and this is what I've taught so far, either in the free tutorials.

And now in the mentorship is when we look at the interest rate markets, we're

comparing the relationships of the 30 year, the 10 year and the five-year.

And if we are expecting a turning point to occur, we're looking for

that failure swing or diversions between the third year, 10 year.

And five-year for instance, if they'd been moving up in concert with one

another and all of a sudden they failed to make a higher high together.

Okay.

That's going to indicate something for us as a trader,

as it relates to the dollar and.

Now, if it means something to the dollar index and the interest rate,

market's telling us something too, that's also going to give us clues

about the other foreign currencies.

And it's also going to give us clues about the commodity markets as well.

Oil market, gold market, silver market.

All those markets are closely related, but it takes the one that Obama

list, even though it's listed last here, it's the most significant one.

Basically say the best for last the interest rate market.

If you understand this, it will give you every macro directional

bias that you need to be trading in for every three to four months.

If you look at the divergence that seen in plotting the yield on the 30 year,

10 year in five-year notes, and you can do this on investing.com and you can do

it on Bloomberg as well, they're free and you don't need to have it real time.

You don't.

That does not, you don't need that.

Okay.

The best signals will occur with end of day.

You don't need to have an entire day.

Now, if you want to have that as part of your day trading, we use that later

on in mentorship and you'll see how to get that information and do it live.

But for now, end of day, data is all that you need.

You don't need anything else.

Apart from that, everything that you see on a daily chart, once you see the daily

chart populate on yours, and you start a new day, that date is already in there.

You can't do anything with it, but reflect on it.

That's all that's necessary for institutional vantage point.

When the traders sit down and they're working out what they want

to be doing and how they want to be scaling and positions there, they're

looking at these three timeframes, the monthly, weekly, and the daily.

So let's get into the nuts and bolts of what I'm asking you to do.

Here's your homework.

I want you to pull up any currency pair, any asset class, any asset

class, it could be a stock.

It could be, uh, it could be the bond market.

It could be the oil market.

It could be gold.

It could be, um, life.

It could be oats.

If you're a grain trader for commodities, I don't care what you're talking

about as a trader in the future.

What you going to be focusing on, specializing in whatever that is.

I want you to pull up a chart.

That's a daily chart and look at the last 12 months data.

And I want you to break that 12 months down into two charts, print out one.

That's dividing it in every three months, and I want you to print out one.

It divides it in every four months, and I want you to circle the high

that's formed or the low that's formed at every one of those intervals.

Now you may see that it creates a higher low rate at a three month marker,

but don't demand that expect every three to four months, there's going

to be a cycle shift higher and lower.

Okay.

Even if the market's not.

It will create a high and it'll create a low back and forth.

It's the ebb and flow when these higher timeframe, uh, intervals monthly, weekly,

and daily, but you're going to be looking on a daily chart the last 12 months.

Action.

I want you to pick one before you go into the study and stick with that one as

your first point of reference and study.

And then I want you to pick a second one at random and do the same thing.

And then for a third one, okay.

I want you to go into the marketplace and if you're looking at currencies,

you want to look at a currency that has a real strong trend, for instance,

like right now, there's really not a strong trend in Euro and pound.

There's other currencies that I'm not going to say in here, cause

it'll kill the study for you.

There's other currencies to have a trend right now.

I want you to.

Look at that and contrast that with those that maybe you've

selected, that don't have a trend.

Maybe it's been a rather large consolidation, like the pound and the

Euro has been for several, several months.

Now, if we know that the smart money, this is a big, uh, NOPEC moment for you.

If we know that the smart money is accumulating for distributing

in these hard timeframe charts, their expectation is long-term.

So again, they're looking for moose, that's going to Tran inspire over

months of time, not intimidate action.

If we know that this is occurring in a market, that's already trending.

Now here's a million dollar tip for you guys.

If you see these elements for telltale signs and fingerprints

that they're accumulating in a preexisting bullish market, you

have a mega trade at your head.

That means that that market's going to go astronomically well beyond

what you think it's going to go beyond your Fibonacci extensions.

It's going to go beyond all the things that you think it's going to go to.

Okay.

It's going to go well beyond that.

The same thing said, if you're looking at a market that's been trending lower.

If you look in markets have been trending lower and you've seeing signs that the

marketplace is indicating the smart money is distributing that you have a loaded

deal for a mega trade for a short, that means this thing's going to go a lot lower

way lower than everybody's expecting.

And it's going to overshoot every objective you're probably

going to come up with and they're really fun markets to be in.

But what you're gonna be doing is you're gonna know to any significant

divergence among markets or asset classes that are closely correlated.

Now, again, what that means is a perfect study would be to doubt 30 stocks.

It only takes, it literally takes you 20 minutes to go through the

entire list of the down 30 stocks.

And it'll teach you that.

And I did basically pull out the ones in the stock market, uh, for this year.

If you go into the, uh, last month teaching, you'll actually

see the, the recording.

I think it's on the 11th.

If I'm not mistaken, the 11th or the ninth, I did that, uh, that presentation.

You can see the stock leaders for 2016 and you'll see the stocks

that led the up move in the Dow 30.

You can do the same study with the currency markets.

Okay.

And you arrive at, if you'd just go through the majors real quick, you'll

see which ones have been trending strong.

And when you get this SMT, the where the dollar index fails to make a

lower low, when the other foreign currencies make a higher high, was

that telling you, it's telling you that the dollar is being under accumulate.

It's being accumulated, it's being bought up because it can't make that lower low.

If the dollar can't make that lower, lower.

It's telling you that the dollars wants to go higher.

It doesn't want to go lower.

So that means all the new hire high in those Euro and pound dollar charts,

they're all runs on stops and they're selling it to everyone at a premium.

And then wait for that thing to start correcting and going lower.

The same thing as seen with the commodity market.

If you're gonna be looking at commodities, use the CRB index, and

then look for the commodities that fail to make that equal high or

equal low every three to four months.

But you start by looking at it just as a conceptual idea, every three or

four months, there's a major shift.

I don't care what asset class or what you're trading every three to four months.

There's a significant move.

Now, if you go into those individual moves and you break it down and you

study that whole transition, you'll see that there is a divergence that

takes place with closely correlated assets with that same interval in time.

For instance, I'll give you another.

If you see that the, uh, the metal market, okay.

You have gold, silver palladium, copper and platinum.

Um, two of those metals are relatively thin.

They don't have a whole lot of trading going on, but you look at times when the

commodity market is expected to go higher.

If you look at that, okay.

And I'll give you an example.

In November, the CRB index, 2016, CRB index went higher.

If you go into the individual metal markets, compare the lows across

those several metals that listed you have gold, silver, Tigray

copper, palladium, and platinum.

You look at the price action there, and you can't use this for your study.

I'm just giving you one as an example.

Okay.

And you'll see the professional accumulation that took place and

you'll see the result of what happened and what metal lid on the upside.

Now it doesn't require.

A great deal of study.

You don't need to turn this into a PhD or, uh, you know, uh, a thesis.

Okay.

It's literally going to take you probably a half an hour to do this homework,

but I want you to reflect on it.

When you see that and you see the failure swings to think, to fail, to make new

highs as the asset class moves higher.

Do you want to be looking for closely correlated ideas and other things

like the stock market example we showed or the commodity example I

just gave you regarding the metals.

Um, if you're going to be doing currencies, you're going to be looking

at, in relationship to the dollar.

So if you're seeing the currency markets that you're focusing on

as your payer, like for instance, if you pick the Euro, if the Euro

is making that higher high, okay.

Is that failure swing in the dollar, making no attempt at a lower low there

did that occur at that major turning point over the last three to four months?

Did it occur?

Did that occur?

And what you're going to see is.

And some of your pricing.

I know this, Michael, I already know this.

No, you don't know it yet because you're the same people.

They're asking me an email.

You really didn't teach this good enough for me here.

Or I feel a little bit unsure about this.

You're not looking at it in the charts and when you see it and you study it,

you don't need a large sample size of it.

It's there, it's a classic accumulation and distribution pattern

that is evidenced in price action.

That's why I tell everyone since 2010, when I stepped out here and told

everybody there's nothing, that's going to change about this by me teaching it.

It's not going to change.

It's not going to diffuse it.

It's not going to water it down.

It's just going to just get better over time, because the more efficient.

We get with delivering price to us.

And now I think it's as efficient as it's ever going to be, because

now we have access to information at our fingertips like that.

I mean, we're carrying around what used to be in a warehouse size computer.

We have it in an apartment on hand with a smartphone.

We can do so many things with this thing, but the failure swings you're looking for.

And again, I'm not trying to, you know, create confusion or whatever.

It's the same thing that we do with the SMT diversions versions with the dollar.

Okay.

So if we're going to keep things remained to the currency markets, just over

the last three to four months, okay.

Look back and every significant intermediate term, high or low in the

currency pair that you'd like to be trading, or you want to specialize in

and compare that with the dollar index, did it create a failure swing if it made

a higher high in its price action, did the dollar fail to make a lower, low, or

did the dollar index make a lower, low?

And did your currency pair while it was moving higher

failed to make a higher, huh?

That's the same thing.

Just being, explaining it in a different context.

For instance, if the dollar index makes that lower, low, but the Euro

fails make a higher high with that indicating it's indicating that the Euro

could not be sold at a higher price.

It's being heavily distributed.

So if the Euro is being heavily distributed, is that bullshit

bears for dollar bullish, but does that equate to a buy on dollar?

Not necessarily the dollar could consolidate or the Euro can consolidate.

So what does that mean for you as a trader who back to that reference plan

told you to write in your notepad?

What's a million-dollar maker is your currency that you're looking at already

in an existing trend, because if it's not in an existing trend, that's

when the consolidation can occur.

Just because it's diverging in an SMT diversions where the dollar

fails to make a significant high in relationship to a lower, low in your

currency pair that you're studying.

Like.

If that's the case and you're in a trend, for instance, if we're

bullish, if the Euro was in a bullish trend on a monthly, weekly,

and daily, we expect higher prices.

Okay.

It's been trending higher and the dollar okay.

Fails to make a higher high.

When the Euro makes a lower, low, that's still a buy on Euro.

All they did was went down below oh low, take up the cell stops.

And can you wait that long position?

And then you'll see Euro dollar rally.

The same thing could be said this way at the same time, if the

monthly, weekly and daily four, you're always in a bullish market.

Okay.

And you find that that Euro fails to make a lower low while

the dollar makes a higher high.

That's the same thing.

That's a big time buy signal for years.

So you have to have these things understood.

Conceptually, it's not just, I'm looking for a divergence and I'm going

to get a short because it did that.

No.

What does it mean?

Because if the market itself that you're seeing and studying, it's in a rather

large consolidation, it doesn't equate to an explosive move all the time.

It may have to take time to eventually move up and gradually by then,

you probably lost your mind and in frustration waiting for it to move.

The same thing is said, obviously, looking for fairy swings when you're

looking for lower lows are the asset class that's directly or inversely

related to supporting that idea.

And again, for the dollar index, everything's going to

be inverted everything else.

You're looking at comparatively the same lows and highs of for instance, the

dollar and I'm sorry, the equity markets you're looking at the individual stock

prices as they make higher highs is your industry is a Dow Jones making hard.

If that's not happening, then you're probably seeing underlying weakness.

And eventually you're going to probably see some measure of

retracement or an altogether reversal, but you're looking for it

to happen every three to four months.

Now, some of you, I admittedly, and I already know if I go into the

comments section or questions, some of you are going to be unsure about

what it is I'm asking you to do.

And some of you already know what I'm asking you to do.

Okay.

I'm using this as a basis to gauge where you're at in your understanding

of my information so far, because that way it'll tell me how much

more I have to include between now and Friday night and the teachings

that I already have put together.

If you have no understanding about what it is, I'm asking you don't be discouraged

because you're actually going to see me.

In this weekend's teachings.

So tomorrow night, when you turn the videos on, you'll actually

see me actually do the very thing I'm explaining to you here.

Okay.

The point is, I want to inspire you to go looking for it now,

because in summary, and in closing, while I'm telling you this, we're

getting ready to close the session.

When I discovered that the thing I was looking for was on

these hard timeframe charts.

And when this quarterly shift takes place, these macro trend reversals, okay?

Those things are goldmines because once you understand what's actually

happening, you don't have to be so precision oriented with your entries

and you don't have to be on time.

You can be a little late, and that's what I needed because I was doing a job

that required me 13 hours a day to do it.

And that was 45 minutes commute time at it.

So I had very little free time.

So when I discovered it, the bond market created these types of things.

It made it so much easier for me to be prepared for the next day.

What am I going to be doing next week?

What's the same thing I'm going to be looking to be in gold short,

because the, where we're at right now, and I was looking at the chart.

The market had been moving higher in the bond market.

The market moved up into a high, it moves into a level of resistance for me.

I'm anticipating the bond market going lower now, am I selling just because

it went to that resistance level?

No.

And this is the answer to some of your questions.

How do you know if the resistance levels going to hold?

That's what this gives you.

It gives you that answer because just because you have a level where the

market is supposedly a resistance point or support level, unless you see

evidences that there is a support level by doing this homework here, this study,

if it doesn't have classic telltale signs of accumulation distribution

by smart money study, And by having an institutional vantage point.

In other words, let's say let's weigh in, in plain terms, the stock, market's

not going to go lower in a correction or reversal, unless you have a number

of issues failing to make higher highs.

It's that simple.

It just doesn't happen.

Oh, well, you know, it's going to crash that in every, every stock and NC

made higher highs, it never does that.

It never, ever, ever that's absolution.

It never happens that way.

The way these major turns, every three to four months occur is there is a

gradual easing in by that elephant.

They have to work their position in.

Otherwise you would have that element of everything goes

up and they make equal highs.

And then it crashes.

They can't, they can't move into the market that efficiently.

They have to gradually work it in.

And by doing that, it keeps these underlying issues or currencies

from making higher highs when they're trying to sell it.

And then other things obvious after the fact and say, oh, well, there it is.

Look, it was not it wasn't going up when everything else.

It's going to be seen easily in hindsight.

And that's the point of the exercise.

I want you to see what it looks like, and it's not something that

just happens once in a while.

It's not a Willy nilly pattern where, well, you know, it happens once in

a while, like support resistance, or it happens here or there, and

this trend line work here and there.

No that's ambiguous to me.

That's ambiguous.

The thing that remains constant is the, the smart money accumulation

pattern is you'll see, not just one asset class showing you their signs

that this thing wants to go up.

Other asset classes are gonna support that idea too.

So in summary, go into your charts, look for a daily chart.

Every three to four months, there's going to be an intermediate term

higher, low for me inside that intermediate term higher, low.

I want you to look at everything that is closely correlated that

you understand up to this point.

Now, maybe, you know, things that haven't taught yet use that information.

But everything that has been taught to you from the mentorship and in the free

tutorials and anything I've ever heard, you heard rather me say and teach about

the concept of price action, apply it to what you understand and see if you don't

see what I'm explaining to you here every three to four months, there's a major

market shift by having that understood.

We will be able to know that we have another leg in price on a

higher timeframe, macro level that we can get positioned for.

And we wait for these things to form and you sit on your hands and you wait.

And when it happens to get to these levels and you start seeing evidences that it's

supporting smart money accumulation at levels, where we think that bullishness

should be there then, and only then do we wait for that displacement over.

When we see that happen on a daily chart or four hour chart, that

gives us the green light to go in and out find where the order

blocks are, the bullshitter blocks.

And when price hits that on a 15 minute timeframe, that's when you execute, that's

when you load the boat, that's when you back up the truck and fill it all the way

up, because it's going to go up when you see it and you start studying it, you're

going to want to go back a year later.

You're going to want to go back a year later.

And then when you do that, you'll be quickly convinced

that this is not a random thing.

It's something that's cyclical.

It happens every three to four months.

It happens every single year.

Every asset class has.

It doesn't matter what type of trader you're going to be.

This is information you need.

And if you don't know, if you don't really understand what I'm asking you

to do, and you're one of the newer students here, don't be discouraged.

Just be a little bit of patient and well, let's be a little bit

patient and say it like, like that.

And wait till tomorrow night, when I give you the two teachings and you'll

have all weekend long to go through it.

And it'll explain to you in great detail in minute detail of what it is

you're looking for and how to use it.

And trust me, you will be very excited this weekend.

When you see what's in this two teachings, because it gives you a great deal of

clarity about what it is that we wait for.

Why I say patience is important and what it is that you're looking

to see occur in your charts.

After this, you won't need to look at anything with monthly,

weekly, and daily anymore.

For teaching purposes, everything in these two teachings here will set the

tone for everything you'll need to know that completes the January content,

but you'll know everything you need to know about hard timeframe now.

You'll know how to do a top-down analysis.

You'll know how to do everything in terms of prognostication and forecasting.

You'll know what it is you're waiting for.

And by knowing that it removes emotions, it removes the tendency

to rush, and it gives that whole clarity aspect that everyone wants

and sometimes pretends online.

They have, but they don't have any idea what they're doing

or what they're looking for.

This gives that to you.

It gives you the confidence that you don't have to be trading every single day.

And if you want to go away with your family and take a vacation the specific

month or a year, you can do it.

Cause you know, the same thing's going to happen again.

And all you got to do is find out where you are in that, that range.

The beautiful thing is, is you may end up looking at your charts

this weekend and see that we have created something just recently.

Now, I don't know, cause I haven't done the analysis that I'm going to be doing

my own analysis for the first time.

When I sit down with these today, but I'm doing the recording for

the first test, uh, teaching today, and then we'll be doing Fridays.

I'm going to have the second teaching done.

And that way everything will be online to you at eight o'clock

Friday night, New York time.

But you're going to probably discover that the importance is even if you

don't get the actual turning point and get positioned there, you can still

get in sync with that move because you're trading on a hard timeframe

chart, and it gives you a whole lot of opportunity to get in sync with that move.

And you don't need the high or the low to be in to make the money on the move.

So I'm going to close it here, encourage you to go into what

you understand so far right now.

And again, If you don't fully understand it, that's an

opportunity for you to learn more.

Trust me that this is how it works.

You learn by muddling through what little information you have

and then the aha moments happen.

You may get close to it, then your own study.

And then when you see it, I saw that.

I saw that I saw that in my own charts.

When you see me explain it to you, I'm gonna be using the currencies and

I'm gonna use, uh, the stock market.

And when you see me do it, you'll know right away what it is.

I'm waiting for every three to four months.

You're going to know, even if you ended the mentorship at the end of the, uh,

January, if you do your full, but if you did, you would know exactly what I'm

doing every three to four months, what I'm waiting for, what I'm waiting to see.

And it repeats every freaking three to four months.

There's no, there's no skip in it.

There's no lag.

None of that exists.

It's absolutely there because I know that every three to four months the

institutions have to shake them.

And they put money at work at different places.

And if you understand that, that elephant and it's big, but it's slow, it has to

gradually move into the marketplace.

It has no other way around doing it that way because they can't

efficiently get their positions on.

And by doing that, it creates this big slow turning point.

And you'll see evidences that other correlated pairs, other asset classes

that are closely correlated to it.

They're going to support the idea that that's a resistance though, because

they're failing to make higher highs or, or lower lows in relationship to it.

So I'm gonna close it here.

Wish you good luck and good trading.