Original subtitles

Thank you.

Thank you.

Thinking I am doing wickedly.

Good.

Thank you for asking extremely busy, but a less nonetheless.

Okay.

We're going to go into a discussion of current market action.

Keep everything in everyone abreast as to what's going on.

I'm doing well.

Thank you for your concern.

Family's blessed as well.

So I'm going to put your question box over here.

So hold your thoughts for a moment.

Okay.

I will prompt you probably a couple of times throughout this presentation,

but let's keep our focus on this.

Okay?

So we're looking at the dollar index here, and we've been looking for

sideways to down movement, looking for that sell side, liquidity DB taken

out below these equal lows in here.

This is like a big old bullseye for a run on liquidity.

These types of things don't stay in the marketplace long.

Whenever you see bodies of the candles like this, even if there's a wick like

this, when they start coming back into this area, you want to ignore this

down candle as a potential bullish or block, even considering this area

as a fair value gap, this ignore.

And focus on this because they're going to be aiming for that area right there,

especially when you can see in other foreign currencies and other markets

and other asset classes, if they're similar price, reference points like

this, where it's too clean too, to equal.

Okay.

I mean, look at the bodies.

I mean, they're exactly the same.

They're exactly the same, except for the opening on this candle here.

So when I see things like that, it's, it's a very strong magnet on price.

It'll draw a price to that level.

Now we had already closed in this gap up here and we've moved and we drifted.

We moved below this bodies of these candles in here, absorbed all the

liquidity below this low here.

And we weren't able to get back up into this body here.

So we fell short and went into the Wix of this.

So I'm sorry, the wicked this up candle, but just didn't have

any momentum to get higher.

Just roll right over and start now looking for the Southside side.

Liquidity let's bounce on over to the European.

And we had a, uh, a gap that was remained open.

Let me say it correctly, Michael, that was remaining open since the move

first, uh, punched up into here and left that small little 25 PIP arrange open.

Now we were looking for 1 0 7 20 as an upside, and that is this opening

here one or seven 20 right there.

But we were focused primarily on that low that's all.

We were really demanding in terms of the fair value gap.

Uh, today's high comes in exactly at 1 0 7 20.

So the things that we teach and you've seen earlier on in this mentorship

with the intra-day precision, that same element of price action study

and reference points still exist.

Even on these higher timeframe charts, we have buy-side

liquidity above these equal highs.

Remember, it's the same thing we're seeing here just in.

All these equal loads on the dollar index is the equivalent to this.

That's where all the buys stops arresting.

So they're going to want to try to drive price up into that area here.

Now, how much further beyond that at this point?

I don't know, but I certainly believe between now and the inauguration is,

uh, we, we're probably going to see it punch up into that the area cleared out.

So we still may see some further upside on Euro dollar

British pound.

Hello, you awake by Agra.

Okay.

Uh, the market got down into the sell side liquidity and we were already looking

for a little bit of a move up into here.

And Nick didn't give any kind of, uh, so often pause and do anything.

It completely rolled right on through it, steamrolled it.

And now we're up into, beyond the means threshold of this

bearish or block, but our liquid.

Is where we're being aiming right here.

We're looking for this.

So if we got above all this area in here, we're looking for the

buy-side liquidity about this high up here, closing in this range.

Now more specifically, we have this short-term high, so let's make a

reference point for that because it may in fact be reaching for that,

not just, just to poke his head above that short-term high right here.

So that comes in at

25 20, so we could potentially see it roll right up into that level.

Clear out this level of liquidity.

Uh, I don't know if we're going to get all the back up into this bear shorter block.

It can happen if we really start to push higher, but it's already

moved a great deal just in today.

So you can see again, watching that old, low back.

Well, we'll be arresting below itself stops and they hit him, but we didn't

see any kind of continuation rate from the beginning on the open.

It just rolled right on higher today.

So very extreme strength on cable.

Admittedly, I was not expecting this much surge on pounds, but there you go, us CAD.

Uh, we still have this liquidity pool down here right below these equal lows.

That's what's being noted.

Uh, this has already been taken so we can take that off our chart.

And that reference point is now expired.

So we're looking for this to drive down into that one 30 big figure could be a 1

30, 80 on a downside if we spike through.

Um, it would be interesting to see what we do at that moment below one 30 is, uh,

puts us down into this order block here.

So we may have.

Further downside to 29, 29, 40 to 29 35 in that area, based on this

down candle, uh, we have a little bit of a fair value gap in here.

Uh, that would be, uh, closed in the low that we would be looking for

self hospital of this low and the return back to this four block

where they lasted, they're buying

right there.

So downside objectives are 29, 40 to 29 35 and a little bit longer

term on a swing trade basis.

We have 27 60.

So, but we'd have to really lose ground below this low here does equal lows.

It may punch back.

Me neither retreat back to the bodies of these candles in here, the bodies Lowe's

and then it may make a run down here.

I don't think it's going to be a straight punch straight through.

I don't think that's going to happen.

It may surprise me and make me look like a fool and just do that very thing.

But I think bearish dollar is expected in here for right now.

So if we're weak on a dollar, it's going to be really weak on us CAD.

And we have noticed where there's less, uh, institutional reference points,

our sell side liquidity pool here.

And then we have cell stops below here with a overlapping, a

bullish or a block right there.

So there's your reference points for us CAD?

All the dollar.

Uh, we had our wind up and our release for price taking out that

75, 25 level by stops right there.

And I told you to go back a little bit further.

There was a high that I wanted you to reference the bodies

of the cables right here.

That high comes in and with the clothes rather than have to

high with the clothes comes in.

And I'm sorry, rather open good grief.

75 62.

So we were looking for 75, 60 to 75 70, and today's high comes

in at 75, 62 to the PIP nuts.

Still think we're gonna punch through that.

Uh, we were a little bit lower than this old high back here earlier

doing, uh, the New York session, even back a little bit of a ground,

and then we search one more time.

So I think they're going to want to pop it through 75, 75 to 75 80, even on a real

extreme drive on intraday price action.

So we were looking for this high back here, so let's just do this now.

We'll adjust it.

And that's the level we're looking to see it pop through.

This has already been achieved to a nice little, uh, 1670 PIP,

uh, rally today or there about some roughing it and Euro pound.

We gapped up into the premium filled in almost, almost not entirely, um, up into

these, uh, these lows in here closing in just about 80% of the fair value gap,

and then quickly, uh, rejected on the dollar weakness and a Euro relative terms.

It was, uh, it's bullish.

Yes, but it's been destroyed by that.

That's like a monster that's like a monolith sitting

there on there on your chart.

So it going forward.

Okay.

Going forward.

Hang on one second.

Okay, going forward.

Uh, we have a huge range in here on cable and judging by the fact

that we, we cleared out a really significant old, low back in October.

In 2016, we quickly rejected a lot of shorts being covered on this and what

we do after we get above this high we'll set the term for the longer term.

I still see pound dollar week and I see it going a lot lower.

And I think we'll probably see, uh, the one 12 this year in 2017.

I think that's what we'll see.

And, uh, British pound dollar.

So, but it's going to take a while to get down to those levels.

But I think that, uh, right now, We have to keep our focus on what

we see above that 24 30 level.

If we get up there and reject and give all that range back.

Okay.

Uh, that would be an amazing setup for con confirmation, in my opinion, that

we're going to go back down below a 1 20 43, and then it's going to be a

ferocious, uh, so off now what changes it and makes it long-term bullish is

the fact that if we can not, if we not blow through 24 30 here, if we pull

back a little bit and then give a little bit more ground back on this rally.

Now, if we search one more time through and get through that 24 30

level, we're probably going to have a run up into these highs up in here.

Cause if you look at it, we still have that same phenomenon taking place.

It's just a little bit deeper back in price.

Look at what we have here in the dollar.

We have these equal lows.

And the bodies of the candles.

We had the same thing on the highs up here with these equal candles,

that same phenomenon being seen in cable just a little bit farther back.

So if we do affect C a reversal and the dollar continues to slide lower,

we're going to probably see this level and to get this thing out my way.

So I can see, uh, 27 thirties.

So 1 27 30 could happen.

Uh, there's a lot of news coming out of the UK and Europe zone about, you

know, what's, what's the status of the UK and the Brexit, whole business.

And there's a whole lot of arm wrestling.

UK is going to take measures to, you know, the resist or.

You basically block the vote and it's so hard to read.

I don't know, personally what's going to happen.

You know, I don't ever claim to know that type of thing.

And I think no one really does.

I think everybody's going to have an opinion, but, and then when

they're right, don't say, Hey, yeah.

I said, this is what happened.

I would never claim to say that.

I don't think that's, what's going to happen that to an outcome where people

can say this or that's going to happen.

And they therefore have prognostication.

It's still a gamble.

But me personally, regardless of whether the Brexit was happening

or not, uh, the dollar strength is going to bend the knee of England.

And they're going to have to, you know, basically you bow down to the

strength of the dollar, the, the stubbornness of cable in here to

get below that one 20 a big figure.

Um, it's just to me, it could be a really significant.

Intermediate term bounce, that leads to a much larger price swing lower.

Cause if you look at what we have, this is a large consolidation.

We're only really returning about the midpoint or equilibrium of

it, which is reasonable to expect when the next move takes place.

It's hard to see it when we're zoomed in like this.

When we start going out a little bit,

you can see that we had a consolidation here, break down,

we're running a little consolidation.

We're only at the equilibrium price point.

We're at the mid point of it.

So this, even though this is a monster of a rally inter day on

one day, it's only returning back to equilibrium or fair value.

That's why it's important to see what we do.

And I know it's probably a little difficult to see with all this

business going on, put this back like this apparels of live broadcasting.

All right.

So.

If you look at it like this, we have price coming back up into the, basically

this whole big block of price or range.

If you will.

We're only back up in the mid point of it.

If we trade significantly above that 24 30 level, because it may just be popping

back up there to take those stops.

Cause that's where the logical stops of funds are right now.

They're sitting right there.

That's why I've noted.

That's where the buy-side liquidity is whose buy stops are there.

It's certainly not yours.

I mean, why would you have buy stock there?

I mean, it's hundreds of pips away.

You probably got your stop about 18 pips away or less than

50 pips to say it like that.

So what's uh, what liquidity pools resting above that is a large fund.

So now think if this market's going to move another leg like this.

Off of this high does projected lower.

They're going to want to come back to get some seats on that, right.

To how do they do that?

They got to pair it up with willing buy orders.

So our focus is going to be primarily on what we see in terms of price action.

Once 24 30 is ran out if 1 24 30 ran out and then goes through 25 20, and

then it explodes to twenty-five fifties.

It's probably not going down near term.

And we'll probably either return back to the range here, or we'll start

looking to blow out that 27 30 level on the high end of this range here.

So I don't see this.

I do not see this as a long-term low and we're going back

up here to close this void.

And I don't see that.

So if that's what you're thinking, I'm expecting, even if we do pop through and

we come back to this level here, I am not saying that the British pound is going to

keep on rolling up and clear this void.

I think this is here for.

It's just, you know, it's something that, you know, people are just going

to have to deal with and more, I'm more inclined to see when we get

back below that a one 20 big figure.

Um, you know, one twelves is in the cards for a per cable for 2017.

So just because we're in a big rally like this, okay.

Big monster rally doesn't mean that that's a reversal and that's the problem.

Sometimes, uh, traders will see that and say, okay, it's making a

long-term low or it made a bottom.

So therefore I want to, I want to start buying it and I'll either chase price,

or they'll start looking for bullish patterns and all this other business.

If you look down here, there's really nothing except for this gap.

Okay.

So we had two up candles in here in museum backend.

We had an up-close candle and we had a closed candle with a gap.

We had priced rage up through it.

So what's missing down here,

sell side delivery.

There's a gap.

Now what makes this one tricky is you have this candle's wick and you have

this candle's wick and you have this candle's wick to be perfectly balanced.

This is what would have to happen.

Price has to come back down and closing that.

Let me put these delineations on, as you can see.

So about Ron 1 21 64.

Now these are not going to be specific levels.

You have to look at the actual levels when you're your chart and down to a 1 20 40.

So we have this range that's exposed.

Buy-side offered in today's range.

We get down.

So even though the price did get down, there was no selling offered

here, new selling a delivery only buy-side deliveries here.

So when it pops up above this 1 24 30 level, what we're going to be doing

is watching to see if it wants to draw right back down into this level here.

And if it does, I am not looking at anything down here is a little

shorter block because there's nothing, there's no down candle.

So w what I'm viewing here personally, I'm seeing this as a squeeze on fund level

by stops, which is above 1 24 30, squeeze that, and then if we immediately roll back

hard, as we see immediate rejection, now I'm not saying we're going to see this

run up, like this, hit this high, and then see a big candle down all one day.

I don't think they're gonna make it that obvious.

I think they're gonna see it, set it up.

If they're going to reject it, they'll reject it on one day, small

little range and then drift down and then catch everybody by surprise

and make this run for this gap.

I don't think it's going to come back down and close that gap

and then bounce of any kind.

I think it's going to roll through that gap, offer the sell side

liquidity all through here, and then blow back down below that low

that's personally what I expect.

And again, that's on the heels of, if we see a rally off of this, uh, south side

liquidity pool, once it's been absorbed, if we get some rejection and we see the

upset uptrend rather on dollar, because this also is in a big range as well, it

looks like here's a high, and then we have a long-term high and we're breaking down.

Everybody wants to call the top and the dollar and you just don't

want to do those types of things.

You don't want to do it.

I try to do that as a trader and I was trying to capture the high on a.

Well, mark it wasn't corn.

I tried to, uh, pick the high on, on the corn and, uh, in the

nineties and I just got beat up.

It just kept going higher and higher and higher.

And if you go back and old data on corn, you actually see that this is

kind of like what, that's, why I've mentioned corn, because it looks

exactly like it did in the nineties.

Right?

Got burned a couple different times trying to capture what I

thought was topping patterns.

And the only thing, what was really happening was that the

market was coming back down.

Now, look, there's nothing down here in terms of, uh, runs on liquidity

below the market, except for this one here, the election, we have this.

So sell side liquidity has to be ran out.

In my opinion, if this is going to go to 1 0 5 to 1 0 7, $1, and those levels

I've talked about for years now, we did just see, uh, almost the one to

force head went to a high of 1 0 3 81.

On this feed.

And again, we're not trying to pick the top in a dollar, but

we are in a very mature uptrend.

So for them to get another ride up, they want to pressure any

cell stops that will be trailed up below recent lows that's seen here.

So they're gonna want to take price down to that level, even if, even if

this has already long-term reversed.

If we go below here, we'll probably see some measurable bounce that would probably

take us up into the bodies of these candles here, these two green candles,

and that's still something that would give us something to trade on in the

context of a buy for foreign currencies that we sell off from that level.

And then if we do, if we reject at these levels and bounce up and

then come back down below it, wow.

We are really looking for a move to go back down below.

And the side liquidity resting below these equals down here.

And I'll add that into the taste charts for a recap.

So they're there.

The long-term levels we'll be watching for it.

But right now I am not trying to, um, build the idea in my mind or in your

minds that we are building any long-term top, even though it could be happening.

And this is what I teach.

It could happen on a long-term basis.

You could see a long-term reversal I'd never, ever, ever want to build

that perspective than you as a trader.

Because what you're trying to do is the impossible.

There is so many times people have lost money doing that.

If they just relax and just say, okay, look, chances are

this probably isn't topping.

It could be coming back to take a, uh, another form of

cell stops or cell liquidity.

And if they're doing that, okay, the first thing I taught in

baby pips on 2010 is the stock.

If you look at every single significant price run it's ever happened in any asset

class, the classic, uh, telltale sign is, is they came back down to take out

cell stops rate before the run higher, or they went back up to take up the buy

stops above an old high rate before it collapsed and went lower, significant

price moves, always have a finger print, hallmark, little signature that they

knock those people out of the marketplace.

And the thing is that always looks the most bearish when it's the best buy.

And that's why you have to focus primarily on if this isn't an

uptrend, which it clearly is.

Don't be lulled into thinking that you're going to be able to catch the high.

There's no reason to anticipate those types of things.

We keep trading the same long-term trend, especially if we understand

that if they're going to be squeezing on fund level stops.

So long-term dollar bowls on the fund level, their sell stops are going

to be breasting below these, these candles here, not necessarily the

WIC, just the bodies, these kids.

So, where are they looking to take it?

They're going to want to squeeze it down into that now, will it punch through

and drive on straight through and go to these candles bodies over here?

I don't know that it's not my concern.

What I want to see is if we get below these bodies, is there some

indication that there is strength in the dollar at that moment?

Okay.

Do we see a higher, low with a higher high in foreign currencies?

That means it looks like strength in foreign currencies, Euro cable

Aussie, but it gives us an SMT divergence and the dollar index.

If we see that that would bear witness to what I'm expecting to see, which

is a move below the, of candles or rejection, and then trade back up

and then maybe potentially see a re uh, you know, uh, resuming of the.

And this was just a long-term consolidation.

They came back down, dip below the buys at handle absorbs on the sell side

liquidity to offer their counterparty to their buying and then rally up.

And again, if this is a large consolidation, which is what we're

referring to it as think of it like this, this is your range here.

So if price comes down, takes out the bodies of these candles over here.

Let me take this off for a second.

If we come down and take that those bodies out and rally back up, even

if we just go back up 50% of the range to back to equilibrium, that's

still a scenario that offers amazing opportunities for short term swing trades.

It gives you a, a measurable range to look for, even if this is in fact a

high and it's never going back above it and in the next couple of years or so.

Um, and if we come back up into that middle point or equilibrium, After taking

these lows, that's a nice range to expect equals whatever you see in the dollar.

It's, it's multiplied in many times in foreign currencies, you know,

it's not like always pit for PIP.

You end up seeing kind of like an exaggeration in foreign currencies,

but when you have big moves in the dollar index, you have enormous

moves in foreign currencies.

So the swings while they are generally in the same direction, I mean, I'm sorry, not

the same, but invertedly, if you're seeing that direction, when the dollar going

lower foreign currency is always going to go higher, but the magnitude of the moons

that take place in a dollar index are not locked step for step and not pit for PIP.

There's sometimes an exaggeration in foreign currencies.

As you can see, you need to move down here on dollar is not the

equivalent, what you see here in cable.

So that's a little bit of extreme on cable.

So let me take one more quick.

Look at all the time.

It's off its highs that we still have a little bit of time today.

May not.

It may need to do it tomorrow, but we're looking for that.

Um, 75 62 able to be pierced and maybe 75, 75 to 75 80.

And I think that's the business.

So

punched one more time into here.

I don't think there are only these equal lows here at all.

They're just teasing.

I think they're just going to drive it now.

One more time.

Take that out.

Um, it's a little bit of a exciting week for me.

I, I think that, uh, personally, there's all kinds of things that can happen.

Um, George Soros is piping in, uh, all kinds of paid

protestors, busing them in it's.

I mean, I've got friends in states, um, that are talking to, I've seen

them, you drive through their towns and they're all converging right now in DC.

And I have friends that live in DC as well, and they literally have

sent me pictures of street lines, full of buses, you know, and believe

me, they're not going to show up like they did with Obama, you know,

Obama, when he was sworn in, it looked like Jesus Christ was on the planet.

I mean, everybody was out there and you couldn't see any pavement.

It was all people just standing out there for, for forever.

That's not what's happening with Donald Trump, you know, it's, uh, it's going to

be a lot of, uh, stuff going on this week.

I think Friday is going to be a very volatile, um, day because of all

the things that, uh, I think you're probably gonna see in the news.

And if you're going to be trading just don't trade.

Don't do anything on Friday, just sit on your hands and

just watch what takes place.

I think we're in a really precarious position for a country and a regard.

I'm not saying Donald Trump is the best know, answer for us, cause I

certainly don't think he's as educated as he needs to be, to be a president.

But, um, you know, I think he's the lesser of two evils between Hillary.

So just know that going forward this week, if you're gonna be trading, um,

kind of like put the, put the brake on, around, uh, New York session on

Thursday and don't do anything else.

Just sit on your hands and watch and take, uh, you know, just take

notes about what you're seeing.

Uh, I, we will be active again with our analysis and I'll start giving

all about four hour, um, breakdown on.

Charts starting next week, we won't go any lower than four hour.

And then in February we will be back to our, our natural order of

things where we're in here doing live sessions and intraday analysis.

Well, cause we got to start working with entries, but this whole month

has been primarily getting you focused on where the market wants to move

when these hard timeframe charts.

And we've had really good examples so far this month or news types of things

occurring and how the liquidity pools and institutional reference points that

we looked at and look at, and again, for your notes there, order blocks,

bearish or bullish, fair value gaps, liquidity pools, and equilibrium.

And if you focus on looking at price like that in Ohio and all those, those

reference points in price, while it sounds like a laundry list, okay, that's

the only thing you need to worry about.

Not candlestick patterns, not harmonic patterns, not trend lines,

moving averages or indicators.

You need to know where the.

And if you start looking at the market, like we teach it, prepares

your mind to anticipate where the market's going to gravitate to.

Um, some of the folks that are in the mentorship, you know, they saw the

Euro dollar here and the fact that we left that gap open and it gave that

big WIC here like this, and then we whipped one more time and failed.

They sent me emails.

Okay.

And I'm not, I'm not making fun of that.

Okay.

I'm just letting you know, just trust me.

Okay.

I know sometimes you're going to see things in charts that I didn't

talk about and it happens to prints.

It's like the cable, it was very explosive today, but I didn't say

anything about that unexpected like that.

We wanted to go up a little bit, but it went up a lot more.

The, the assumption was because they saw these wicks in here back to back.

And the fact that it stopped at a previous high, um, it was, it was uncanny.

It's almost like the end.

It may be what happened, someone in the Navy happening on the form.

I just didn't get a chance to see the dialogue, but it literally,

it was almost like verbally.

Uh, the few folks that sent me emails about this, they said,

do I really believe it's going to go up here and close that in?

Cause it looks like it rejected it once and then rejected exactly at that level.

And now we're lower, you know, we're probably going to see, you

know, the, the year ago lower and I'm like, is the orders are here.

So regardless of what Steve Nielsen or whatever his name is, Steve Nissen

or whatever his name is that does those counseling patterns, whatever

he wants to call, this has no bearing on where the actual orders are.

You know, the bank's going to take the market where the liquidity is needing

and wherever that liquidity is resting or wherever efficient price delivery

is, that's where price is going.

It's nothing outside of that.

It's all about the money and it's about the orders that are existing.

So it's either the knockoff game where they knocked the people

out of the marketplace or let's put them on the wrong side.

It's it's all, this is, there's nothing else to trading and speculating.

Nothing else.

No indicator stuff.

No.

Anything that I say, if it doesn't line up with why the orders

should be there, it doesn't.

That's when my stuff was going to fail.

If the orders are not there and you can see there's evidences, like we outlined

here, why should price go up here?

Because there was nothing over this.

Uh, once we left this area up here, there was nothing offered.

Only on sell side here.

We didn't get up to it to close it in here.

We only came up here partially, and it gave you this little wick

and everybody retail minded was saying, okay, this is a rejection.

So now I'm going to get short on Euro.

And I said, don't do that.

We're going to be looking for this range to close in.

And it's going to go up to potentially the body of this candle.

It's in your recordings, went to the rate to the pit.

And again, this is a daily.

Okay.

So when we do these things with monthly charts, which we'll be doing a little

bit of work with this week and weekly charts next week, you're going to

be seeing how this stuff still has precision illness timeframes as well.

So if we're really doing position trading or long-term swing trading,

those elements have to be drawn in with these hard timeframe charts.

Even if you're going to be a one shot, one kill trader,

where it's a short-term trader.

Basically we get in and try to trade a weekly range, which

is kind of like my forte.

If you're going to trade like that, and you get these principles in alignment

with your analysis, you're going to trade with the highest probability.

And you're going to be able to key off of really high probability

levels for buying and selling.

And you'll also know where they are drawn to for targets the folks that.

Saw this unfold today.

It's not like I'm saying ha ha.

You know, you're wrong.

I'm just saying, take this as a learning point.

Okay.

You show this to yourself and your, in your, in your journals on a weekly

basis where you have an expectation that this is what you thought the

market was going to do, but when it does the opposite, don't do this.

Oh, I'm so stupid.

Or I'm never going to get this because what you're doing is you're teaching

your mind to confirm that very thing.

It's toxic thinking.

You don't want to do that when you're learning.

If you do something wrong, say, okay, what'd I do wrong about that.

Okay.

I want to learn how I can avoid doing that.

Again.

This is an opportunity for me to grow.

You're pruning.

Okay.

You're on that Potter's wheel and you're being molded and shaped it.

You don't want to bend sometimes and admit that what you want to do.

The Potter's having you do.

Okay.

So I'm trying to be that Potter for you on China, bend you and mold you

into the trader, but it's ultimately up to you to sit still in harden, once

you're in the right shape and you can't see where you're going to be right

now, don't resist it, just go with it.

And when you do, you'll be able to go back and say, okay, yeah, I can see where

I was being bended to understand this.

I can see where I thought this was what I should have been doing.

But in reality, this is what took place.

And I need to learn from that.

Don't look at these obstacles or barriers to understanding right

now, because a lot of you folks are hung up on the up-to-date ranges.

And we're going to talk about that specifically in the teachings

this week as well, because we're going to be blending a lot of.

When you understand it, you're going to see that it's probably me complicating it

and the way I delivered the understanding that I have, and it's a very complicated

way to articulate, but it's a simple thing once you see it it's oh, and you'll

probably actually be able to tell me how to do it better in terms of explaining it.

But I just know that it's simple procedure looking at a dynamic data range.

And if you understand that it's, it's a, it's a revolving basis of going

forward a certain number of days and looking for where the highest

high and where the lowest low is.

And then looking back in terms of the last 20, the last 40 in the

last 60 days where there's highs and lows are, that's all this head.

And that's all I did here on the daily chart.

When we were looking at the cab, when I said, we're going to look for the move

above these, uh, the buyers of these candles here, that's all I was dealing.

I was using.

I knew that they was going to be, uh, one of the Sikh above these candles in here.

It did it.

And then what's it going to do?

It's going to seek the liquidity elsewhere.

We'll go back 20 days.

There it is.

And that's what we saw you do.

One more time.

Boom, hit it.

And then one more time hit it.

So what's it doing?

It's not showing you that it wants to go higher.

It wants to sell side liquidity.

That means that there must've been a great deal of large funds short here.

They were good for awhile.

And then they said, no, no, no, no.

Let's take them out.

So why did they come back up here to take the shorts off to unseat them?

And now they have a short position.

So is it going to be in their interest, the smart money to see

it come all the way back up there.

That doesn't make any sense because if they can take profits below this low

here, where's the next logical area where, uh, the cell stocks would be here.

So they're gonna want to take price down to that level.

Whereas the next data range, Google, keep going back.

And here you go.

Every time we made these reference points, you go back 20, 40, and 60.

Note them as you progress forward, unless those levels are taken out,

they still remain liquidity pools.

And that gives you that open float range, high and low for high and 20 days.

That's a dynamic range.

60 days back, 60 days forward, and it constantly moves forward.

And you're always looking for where the algorithm is going to seek,

where that liquidity is going to be.

Again, the algorithm can not see the orders.

It doesn't see the orders.

That's not what this is.

It's a facilitation of taking price to that level.

So therefore the bank traders can make a run on the orders

because they can see those.

The algorithm can not see the orders because the orders are always changing and

they're in different pools of liquidity.

The algorithm's job is only to deliver price to that level

for efficient price delivery.

It's not taking in or out orders that's done at the bank level.

That's why those traders are there.

When you, when you look at UBS and you see that big old floor traders

out there, there's a massive, it looks like three football fields out there.

When you look at that, those people are executing on these opportunities

that the algorithm presents for them.

They are not the ones driving price.

See, that's what happens.

That's what is permeated in this industry?

Uh, you got folks out there that are well, well known in the industry,

and I'm not going to beat anybody up and believe me, if I've listed

them, you would know who they are.

They'll say, um, you know, ICT, doesn't always talk about it's this it's

that it doesn't, it doesn't do this.

And there isn't a, there isn't any algorithm.

There isn't any market maker.

There isn't any of this.

And I knew somebody works at the bank.

Well, you don't know.

What you're talking about, and they don't know what they're talking about because

the folks that are actually executing, they are driving those individuals

on the floor that you see at UBS.

These traders are not looking at the chart and saying, oh,

there's a harmonic pattern.

Let me go in here and trade that.

That's not what's going on.

They are getting orders on how to XG and what levels they have to process on.

Where do they get that information from their bosses?

Where's that coming from that the algorithm has already determined what

the daily high and low is going to be for the week, for the month, for the day,

for the session it's already in there.

Okay.

So when they know by looking back where that liquidity pool rests, where

that fair value gap rests, where price didn't deliver efficiently, that's

going to be an opportunity for the traders to execute on those levels.

They have analysts Dell pass down to the trace.

Okay.

Here, look here.

Here's our order book for the day.

We need to execute and process this.

Okay.

So the trader, when he goes into hearing and he does these orders, he's not pulling

out his indicator based on logic, or he's not looking at his pet techniques.

He's executing on orders that he's told he's got to execute on.

That's the level of trade.

That's the trader I'm talking about.

I'm not talking about the prop firm or the guy that wants to be a fund manager

and prove he's smart and all that.

That's not who I'm referring to.

There's an error archi and how this works.

The algorithm provides the means for the orders to be

taken in or taken out algorithm.

Doesn't do anything about knocking people off.

It's just moving price to where it needs to logically go to allow these

orders to be bumped or entered.

Long-term.

It still has to bend to a fundamental decision on what interest rates are doing.

But near term, it's always going to gyrate around to the closest liquidity

pool or institutional reference point.

Like we talked about old highs and lows.

There's some Bush order blocks, fair value gaps, equilibrium in Boyds.

That's it.

But it's going to draw to levels that are logically and easy to see

when you look at, like I taught from teaching the algorithm.

Doesn't see it visually because it's a computer program.

Okay.

So it has to have reference points where, okay.

Where, how far back, like you all ask you all ask the same question.

How far back do I go to look at an old high?

Which how far, how far do I go back to look for a bear shorter block

you use 20 days, you use 40 days and you 60 days that you look back.

If you've already worked outside the range of the highest high and

lowest low in the last 60 days, you got to go to the next level.

That's outside of that.

That's exactly what it is doing, but all of the ranges that's necessary to be

traded off of in the last 60 trading days.

That's a goldmine.

Generally, you're going to see where the market's being drawn

in the range of the last 60 days.

So if you do that at any given time, when you look at a turning point in

the marketplace, go back 20, 40, and 60, and you're going to see there's

significant liquidity pool or fair value gap or order blocked it.

It went back to where it's going to go to that's what you're studying.

That's what you do with these hard timeframe charts.

So when you're going through the teachings this week, if you're going

to gravitate to anything outside of what's being taught this week in these

teachings, focus and practice on the edge of the data ranges, find a level.

Here's one here.

Here's a low count back 20 trading days, count back 40 trading days

and compound 60 days 60 changes.

And find the lows, find the highs, find the bodies of the candles if there's Wix.

Okay.

And see when it goes below the buys of the candles, or if it goes above

the buys, the candles, if it's a high with height, you long wicks, uh, look

at, if there's a fair guy, you got to get traded down and filled in.

If it's an liquidity void to closed in, if it's a, an order block that it traded

into for an old, higher, old, low, once it appears below it, the O the algorithm

knows how to find those reference points, because it's been there before.

It's it's, it's got data to go back to.

It does not see orders.

It can't see orders.

It doesn't have the capability to do that.

That's why there's human involvement still.

That part is the execution because they have the ability to see

what orders are still resting.

Again, orders are dynamic just like you, you see something on

a chart, you put an order in the market, doesn't go to your level.

It starts in our runaway.

What do you do?

You're not leaving that order in, you're going to camp.

Well, the same thing's happening on a fund level.

Those levels are always dynamic and sometimes they're coming in.

Sometimes they're being canceled sometimes.

Uh, you know, they have contended contingencies where certain order

levels have to be hit and they have to be maintained for a certain time.

If it doesn't hold that level for a certain amount of time to fund the

order will be pulled off the table and they won't be executed on that's.

The reason why it stopped runs have to be quick because large funds have

a time basis where it has to hit a level and hold it for a certain time.

Then they can execute on it.

When the runs on stops happen.

That's why they gotta be quick.

Boom hit him once he go up there, they filled the orders.

They got to run away from him quick.

They'd stay there just long enough for the orders to go hot.

When they fill once they're failed that book's made, then price will run away.

That's why it's important to understand that if they will take

it to levels of logical liquid.

You'll understand it when you start looking at it over and over and over

again, studying previous examples.

Literally if you spend the whole entire month remaining portion of January, just

studying the last 60, 40, and 20 trading days and what takes place every time.

There's a turning point.

We had a turning point right here before we had this new low.

We had this low here.

We create a swing low count back 20 trading days, 40 trading days, 60

trading days, all those reference points that's taught in September.

Ohio's all those fair value gaps, liquidity, voids, equilibrium,

order blocks, bullish and bearish.

It's simple.

It's five things that you need to be worrying about laundry list

of things, but there's, it's an obvious thing when you see it and

you study it, look at it 20, 40, 60.

That's your range.

If everything has been absorbed in the last 60 days in the form of the buy stops

in the cell stops in any fair value.

And we have not moved away, or we have moved away from an equilibrium level.

Then you need to go outside of the 60 day range and go back further.

And that's going to take you to where the next level open float is.

Whereas the new by stops and where's the new cell stops and

it's going to create another range.

That range will be filled by either another leg, lower in price.

If it's going to have to go down for cell stops or it will expand higher, okay.

To reach for the buy stops that are above the highest high in the last

60 trading days, it really is simple, but I think I've complicated it

because the way I see price, sometimes I take for granted that you aren't

able to think like I'm thinking, and that's not me talking down to you.

That's me as a mentor having barriers.

Okay.

I have to, I have to overcome that because it's not easy sometimes

articulating what I understand.

So it may take us, uh, multiple, uh, To, to the data range idea.

I mean, revisited again in February, if by the end of this month, if

it's not there, I'm confident that you will have it because you

actually start seeing me do it.

But look at the examples that we've done through the mentorship already, when I've

called specific levels and highs and lows and ranges, go through the procedure,

looking at it 20, 40, and 60 days.

And then from when you get a 60 day, sorry, when you get a low go 20 days

forward from that 40 days forward to that.

And 60 days for that, and you'll see, there's a turning point that takes

place again in that 20, 40, 60 day range, it creates a new liquidity

pool or creates a new institutional level that you have to be monitoring.

And then it goes right back to that.

It's a dynamic range that keeps you focused on exactly what the, if the data,

I'm sorry, if the algorithm will do.

And once you, once you get dialed in with it, literally you can take a vacation,

go away for a little while, come back, and it literally only takes a day or

two to get back in sync with the market.

It literally, you want you'll know exactly what you're doing and when

you have that, it gives you clarity.

It gives you confidence and it gives you the, uh, the ability to not

worry about missing another move.

So I'm gonna close this one today.

Um, cause I have, uh, I have to work on your teaching, still a couple

of things I gotta finish up on the first interest rate teaching.

And then I got to do the entire second teaching, uh, tonight,

before we get to eight o'clock.

So I have a lot on my plate today, so I'm going to wish you well.

Um, and as a side note, um, I had a lot of questions about where I get the seasonal

tendency charts and it's an old resource.

Uh, Steve Moore it's uh, let me, let me type this in for

you guys so you can see it.

Um, there you go, go assist, hoping that I was going to find somebody in

here that can answer a question to.

More research.

Um, I think if I'm not mistaken, I think his website is M R C i.com.

I may not, I may have that wrong, but, uh, if you do a research, do a

search or Google on, uh, Steve Moore.

And if you go, it's not really easy to find it.

Cause it's his, his website is worse than mine.

It's like a backyard junkyard where there's links to all kinds of stuff.

And you really don't even know what the, you know, what you should be finding.

But, uh, there's a, a wealth of information from this guy.

When I got involved with Larry Williams, um, in the nineties, I, uh, I fell

in love with the idea and I'm going to get ready to go on a rabbit trail.

So I gotta be careful with this.

I say this and six minutes and close it that way.

We only have an hour session today.

The

thank you, Robert.

Um, see if I can copy that and send it to everybody.

Hold on one second.

No, it won't let me copy and paste, but, uh, I can, I can share

the link on the, on the forum.

It's not that big of a deal, but the, uh, the aunt I'm answering the questions

verbally, but, uh, I'm only answering one.

I want you to one that way I can respond to, uh, to everyone that can see it in the

questions box, but the, uh, Steve Moore.

He has done in my opinion, the best work for seasonal tendencies than anybody.

It used to be back in the eighties and nineties, there was this goober named

Jake Bernstein, which he's a crock.

I mean, every, he never made any money trading.

Um, he sucked really bad as a trader.

Um, it's well-documented that he's never made any money.

Um, but he's been Hocking, a seasonal Tennessee stuff since the beginning.

And if you do research on seasonal tendencies and by looking at the

historical perspective on who talked about seasonal attendance or whatever,

I think Larry Williams, he says he's the first one has done any real work on it.

I haven't really researched if there's anybody before him that did it.

Um, I think he's the first one that gave it in a context where it was.

User-friendly let's say it like that.

Cause it's always had an impact in trading.

I mean, if you talk to any agricultural, uh, producer or, uh,

like a farmer or whatever, obviously they know about seasonal tendencies.

I mean, it's what it is.

They deal with seasonal tendencies crops and you growing periods

and planting and all that.

But Steve Moore ended up doing the studies where he would take five years worth of

data, 10 years worth of data and 20 years worth of data when it was available.

And back then, it was hard to get your hands on data.

So you're all spoiled today.

We have a plethora of information in your hands and the smartphone.

We didn't have all that stuff back then.

So when Steve was able to get all this data and crunch it together and he

compiled all the trends and movements for all the contract months for every

commodity, and he did this in a way where if it was bullish and you seasonal

Tennessee to rally, say for instance, uh, June to October, If that occurred

over a span of an average basis for the last five years, and then for 15

years and 20 years, if you saw that occurring still, what does that tell you?

Clearly, it's a seasonal tendency there.

That's very powerful and it's gonna probably have its way every single year.

Um, so if you're seeing underlying bullishness in that currency or

wherever that commodity is, it's almost like a locked deal where it's has

everything in its favor to go higher.

So when I was looking at seasonal tendencies, and if you look at what

goes on in the charts I'm sharing, um, if this all it's all Steve Moore

stuff, and I actually talked about this in the, uh, the free tutorials,

you know, his work is in my opinion, the best it's the absolute best.

What makes it good?

And so superior is that he has contrasted the element of when the.

That didn't see the seasonal tendency.

He's made compensation for that by averaging over a data

sample size that's varying.

So you have, well, you don't see it on this chart here, but he used to do it

as a five-year a 10 year and a 20 year.

So there was actually three lines on, on these seasonal tendencies.

And then it got real ugly in certain areas where it was choppy, but that

was beautiful because you can see where the strongest seasonal tendencies are.

And I think he, he may have gotten smart and said, you know what,

I'm going to keep that to myself.

And I'll just drop it back to you to reference points in time, you know, uh,

a 15 year and whatever it he's doing now, I can't remember top of my head

15 and 20 or 15 and 30, but long and short is if you have a average of two

perspectives over time, not listening, not like one year, but years of it.

If you see this tendency for it to rally up or decline at specific

times of the year, all the time, That is a really high odds probability.

And the thing is, is this occurs, you know, like I told you, in

the stock market, stock market has its own seasonal tendency.

Uh, the bond market has its own seasonal tendency.

The dollar has its own seasonal tendency, but when you blend those things together,

which is what we're going to be teaching, when we do intermarket analysis, uh,

teaching it's only to be one module on that, where we blend all these

things and we actually use the seasonal tendency to give us a basis on what you

should be doing the first three months of the year, what should be focusing

on where's the best trades seasonally.

And does it line up with anything technically, what do you do

for the next three months?

What do you do for the fall months and what you do during the winter months?

And you're going to see why I'm very infrequent with my trading, because

I know what I'm looking to trade based on these long-term ideas.

I don't want to put a million and a half dollars.

Okay.

I want to trade that just might happen to unfold.

I want to have it loaded in my favor.

If I'm going to take the risk on, I know that have a high probability that

the trade is going to pay me out and that's going to affect your trading.

You may find yourself a far more refined, more infrequent trader as a

result of going through my mentorship.

And if that happens, you know what?

I'm going to be very pleased with that because that's the goal.

I want you to be very infrequent when you're trading.

Even if it's a day traders model, not every day trading

is what you should be doing.

So knowing these ideas in being a part of this mentorship is your knowing what

to do, why you're doing it, what you're looking for, and when it's not there, you

know, that means you have to sit on your hands and you don't feel any emotion.

There's no emotion.

The emotion comes when you, when you make.

That's that's usually when the emotion comes in for me, like when I'm right,

because I'm egotistical, you know, at that part still manifest itself so that, you

know, you'll have to combat that yourself.

I don't have any way of fixing that.

I mean, I have an ego it's there and God's the only one that presses

down on me with his stomach and even teaches me humbleness when I need it.

But long and short of it is you are going to be the trader that

you hoped to be at the end of this.

And it's going to be a process that you go through that stems from the

things you're learning this month.

So if you're struggling right now to if the data, uh, ranges, and I

know there's five of you, it's the same five people that, uh, sent it

almost like the same email to me.

They're frustrated it.

Don't worry about it.

Trust me.

You just got exposed to it.

You'll see it being used.

You'll see guy going back into my older examples where I called

certain moves in the marketplace.

Use the up-to-date arrange idea there, and you'll see why I did that.

Why I said that level was going to be significant, why I was

expecting it to react there.

It's all those things.

But for you to learn it, you have to see it, experience it and study

it and make notations on your chart.

Don't just rely on my charts.

Take my charts that I gave you on a daily basis and then print them out and

then make your notes on top of that.

What discoveries or questions you have about it.

And then you can come back to that later on.

It may be the very next week.

It may be later on in the mentorship, new months in something's going to click

because you wrote it down yourself.

So you're not remembering everything.

I tell you in a chart, you're remembering certain things.

You hear me say, you'll hear my dialogue sometimes about when you're looking at

charts, you say, I hear your voice about certain things I'm seeing in a chart.

You want to replace my voice with.

That only is going to happen when you're making notations, making notations and

speaking to yourself about out loud, it's going to feel weird doing it, but

you want to do that because that way you won't wrestle with the inner dialogue,

that's going to be, well, I remember ICT said this, but I see this and you're

going to be a conflict with one another.

And you don't want me telling you how to do your trait and you want

you, your inner voice, you telling yourself, this is what this is.

Our rules are saying.

I learned from ICT.

Great.

That's wonderful.

But now I'm me.

And at the end of this mentorship, it's going to be up to you and you don't

want to train yourself and to just say, okay, ICT gave me these charts today.

And he said, the levels go into why I'm showing you these levels.

Research it, study it.

I'm taking you to where you need to be studying.

Why did I talk about these levels?

Why are they on the charts daily?

What is it that I'm drawing your attention to?

Not just simply because I said.

And the market's doing it.

It's not why you're here.

You want to know, okay, what's going on right now that led ICT

to put these levels on the chart.

Why is he thinking this is going to happen based on what I'm teaching.

That's how you use this mentorship.

You go through the process like that.

You expose yourself to it repeatedly.

You have to go through the process of seeing it sometimes paying out.

Exactly.

And then other times like the cable did today, it went monstrously beyond

what we thought was going to happen.

And that's a good feeling when you're right.

And you bought that type of thing and you're in that type of move.

It's amazing when you don't get a trade and you see it happen, it's

frustrating as a neutral, you're like, oh man, this is the only big

move it's going to happen this year.

The whole Creek, the whole 20 year trading you're in front of me.

This is the only move I could have made money on.

That's what it's going to feel like.

So you have to be able to balance that out.

And the only way that happens is by having exposure over and over and over again.

So that's, that's it for today.

Um, I'm over my time limit.

I'm one of the 45 minutes, but, uh, you have a little bit of a, a rant today and

going through withdrawal, not being able to talk to you on a daily basis like this.

So let's close this one, I'm going to end the recording

here will not be hanging over.

Um, like I said, I will send you the link for those that didn't get the

link for the seasonal tendencies.

He has a really good library and you want to avail yourself those,

um, those charts, because at any time he could disclose shop.

I mean that, that website is like old school stuff and I'm not even sure

he even makes money off of the things he's doing, but if people understood

what he's got on his website, oh man.

There is a gold mine.

There, it's a literal gold mine.

And I love the fact that most people have no idea what seasonal tendencies

are and the folks that write about them.

Here's the thing, go on the internet as a exercise, you know, when you get

a weekend day and you get about an hour free time, look up seasonal tendencies

for currencies, for commodities, literally look them up and all these

other websites, they have these supposedly line drawings you can look at, you

can, you can tell they did it on Ms.

Paint.

They created this whole thing.

They probably looked at what last year's corn market did and to say,

okay, well it looks like this.

There's a seasonal tendency contrast what you see in seasonal tendencies.

And there's other websites out there.

They claim that they have seasonal fantasy charts.

Contrast that with what you see on Steve Moore's research, uh,

and, and his, um, seasonal charts.

When there are strong tendencies for it to go up or go down, all these

other websites are doing the opposite.

And then you walk away laughing.

Cause it's like, no wonder everybody laughs about seasonal tendencies,

not working because they have no way of really measuring it.

And I think Steve's approach was absolutely brilliant to be

able to contrast how, how do you know something's really valid?

You can't just use one sample size, you get a varying sample size of data

and long-term data years worth of it over and over and over again and

specific to a contract delivery month.

His, his seasonal tendencies are, you can't ask for anything better

than that because the contracts are delivered in individual contracts.

Like for instance, um, March, June, September, and December contracts

for currencies, if there's a seasonal tendency that appears for the March

delivery contract, you can see it.

It's there.

He's done the work on compiling all the price data for every

contract delivery month of.

For all the damn, uh, the data that goes back in the upper part, where it

says in the title, it tells you how far, how back, how far back he went.

That's phenomenal.

That is exactly what you would be wanting to do because you're not only going

to get into the little bit of data.

You're getting a ton of data.

And if there really is a seasonal tendency there, it's going to appear year after

year after year after year with minor fluctuations in and out because of some

other factor you corn or I'm sorry, co coffee has a seasonal tendency.

Look at it.

It's a really strong one.

But if there is something that goes on with the crop in Brazil or Argentina,

if you do those types of things and study, when the fundamentals have

changed, don't look at the seasonal sanity, then look for the opposite to

support the idea, what you're seeing.

If there's an issue with the crop and a coffee.

That was how I made tons of money in the futures market trading

coffee futures, because I knew that there was something underlying

fundamentally had issues with her.

There was in a premium market.

The market was already an existing, smaller uptrend, open interest fell

out of bed, went almost down to zero.

Okay.

And commercials were in that long.

It was just like, what, how many things do you need for this thing

to go up and then went up violently.

I mean, it went huge.

Go back and look at coffee back in the mid nineties and you'll

see it that's the mood I was in.

And I wrote it down crazily.

Yeah, that was, that was a phenomenal move, but it was all based on one

little chart that I got from Larry Williams and it wasn't his stuff.

It was what he got from Steve Moore.

And it was based on a seasonal tendency on coffee.

And that one little roadmap idea led to a fortune.

Now, when you study the idea that the seasonal tendencies can be focused

in dialed into a smaller timeframe, like weekly ranges, and you can dial

it into certain days of the week.

Then we have amazing studies ahead, but with that, I'm gonna close it.

We should wear a pleasant day and I'll have the recording

up as soon as I possibly can.

Okay.

Good luck.

New trading.