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Okay, good morning folks.
Welcome back a bit of house keeping before we begin.
Um, we will be having a live session with a great deal of
information tomorrow and Tuesday.
So Tuesday session again, I hate to repeat it for those starting
here live, but it is what it is.
Um, tomorrow we will be going through every individual payer
from dollar index, Euro dollar pound, dollar, us CAD, all the.
Euro pound gold, silver.
And I will probably throw in dollar again, just because I could get
a lot of questions to include it.
So after tomorrow, we'll probably have that also on our day to day, uh, recap,
loner chart index, and any analysis that may be salient to that payer, but we will
go, we'll be going through every single pair of breaking it down from a monthly,
the weekly, the daily and the four hours.
So we're are.
Scope is from this point on, we have to start looking for traits.
Okay.
So we're at the midway point.
Now we're closing up shop on the first trading model.
So this week you're going to have two more to get on the last
two teachings for swing trading.
So, and they're very long.
So I'm also letting you know there.
These last few videos is the meat.
It's the actual breakdown of what I do for swing trades.
So there's a lot more detail.
So if he, if he thought that we've been light on content, it's because
it's all in the last two sets.
It's the breakdown of what you're dealing, how to deal at, where to
begin, what to do at your charts, where to find the setups, how to trade the
setups, where your is going to go.
Where do you move your stop?
When you move your stop higher, do you move your stop?
All those things are answered in the last two sessions for this, uh, this month.
So you'll have a great deal of content this week between
tomorrow's session, setting us up for the next three months outlook.
Um, I'm going to go over why I'm choosing every single one.
So that way there's absolutely no questions on the forum.
Well, why didn't you pick this candle and not this candle, I'm
going to go through everything.
It's going to be at nauseum.
The detail's going to be at nauseum.
So I want you to see exactly how I break down a top-down
analysis for a quarterly shift.
Okay.
Cause we're getting ready to go into March.
So I want you to see how I'm doing it.
As a caveat going into it.
Some of the levels may change a little bit when we get into March, because
obviously the markets are dynamic, but as it is tomorrow, the majority of the
higher timeframe, monthly, weekly, and daily levels, they're pretty much static.
We may end up seeing new four hour levels, but that's not that big of a deal.
So that's the business for, uh, uh, tomorrow again, today's
is going to be a light session because the U S markets are closed.
And to be quite honest with you had, I really looked at the calendar.
I probably would've told you today would have been a prerecorded session
and I could have gave you something regarding, uh, you know, institutional
or flow something in that regard.
We'll go over what we're going over today and also draw in a point of reference.
I've done many times in my free sessions.
If you have not made a notation of this in your notes, or if you don't remember
or recall it ever being mentioned.
Okay.
And some of you older members that's been with me for a number
of years, we'll know right away.
When I'm about to say regarding the holidays, when the U S market has a
holiday where the banks are closed.
Usually foreign pairs will make a run against the dollar
since the dollar is quiet.
And the trading is a non-active in the states here.
Many times, you'll see a run on the dollar amount where its foreign currencies
will make, uh, uh, an intimidating rally higher against the dollar.
And while that's generally the case, it doesn't happen all the time.
But as a.
General rule of thumb when you go forward from this point on, if you,
haven't never noticed that if you're a day trader and I know we're outside
the scope of our teaching topic for that, because we're only focusing on
swing trading now, but I just want to mention it because it is a holiday.
Obvious that we should be talking about now, because this affects the markets.
Generally you'll see foreign currencies make a rally against the dollar index.
Now the times that it won't be so significant is if the
dollar itself is poised to go.
And they just have a pause one day, pause where the market hasn't really moved.
And that will cause what you're seeing here, like a
consolidation in the dollar index.
Now, does that mean that the foreign currencies can't rally against the dollar
when it's being held in consolidation?
Absolutely.
We've already mentioned before and nauseum that there is a time when the market is
in consolidation for a particular payer.
And if it's across like dollar and Euro and dollar and saying it, and
the name of the payers, it should be like pound dollar Euro dollar.
When the dollar index has consolidated, that's still free to
allow your dollar to rally or to.
But on bank holidays like this, or in this case, it's present state.
So there's no, there's a movement in the marketplace.
So that means that dollar is going to be in consolidation.
And we know that there's going to be a strong probability that the foreign
currencies usually rally against the dollar on this type of environment.
So whenever there's a bank holiday or something like that, and the
states just expect as an intraday basis, there's a high probability for
foreign currencies to rally against.
And just keep that in your and your notes.
All right.
So we're looking at the dollar index.
Um, nothing's really changed since last week.
We're looking at the small little short-term bounce off
that bullish daily order block.
And here we don't want to see it trade above for the bears.
We don't want to see a trade above these candles bodies in here.
Okay.
For the bowls.
It has to get above that to, uh, to get me interested in going
long and looking for one or 2 25.
Um, we have already went through 1 0 1 60.
So again, it to get bullish again, it has to get above
these two bodies, not the Wix.
I don't care about that as needed to see it, get above these candles here,
because now think about what that does.
If we trade higher and get above these candles in here that
makes this a potential Bosch or block and this candle with it.
So we would be looking at the open on that candle.
Okay.
One-on-one basically one-on-one basis.
So when you'd like to see a trade through it, not just get above a little bit,
but it has to make a real run for it.
And if it comes back down, we could see this as potential support, but in here,
nothing terribly exciting about it.
We're still stuck in the mud.
Basically.
I'll keep my charts over here a little bit like that.
All right.
So we also are inside a four, our breaker.
Okay.
So we have this candle here.
1, 2, 3, 3 down candles, right?
For the.
All three candles blended together as one.
Okay.
That would be a 12 hour candle.
Is it?
So four hour chart price has moved up into that and it's consolidated.
Okay.
If we roll over and start to go lower, that will solidify the idea
that this was a strong breaker there, mitigating those longs that
they use to dry price up to 1 0 1.
That failure to get above it in here would indicate that
we're looking for lower prices.
And therefore we would be looking for the sell side liquidity.
As you see over here on that 100 level,
your dollar.
Okay.
We said, uh, we'd see, 1 0 6 80 it's maintained itself.
We have I railroad tracks in here.
In other words, railroad tracks are a real big up candle.
Then followed by immediately big down candle.
They don't have to break below the previous candle.
It just shows you there's a strong, willingness to not go higher
in here and big profit taking.
Much in the same vein with the dollar index.
I don't care about this pair right now.
It just simply isn't giving me enough to get interested in it.
And you know, in the past I've traded this pair a lot and
mentioned it a lot in my analysis.
I just don't see anything in here to make me want to do anything with, to bear.
I don't even if the dollar moves outside of its range, I simply don't know what
I would want to capitalize on right now.
And we'll get into more detail about that.
We'll break down the actual levels.
All right.
So here we have the British pound U S versus the dollar index.
Now I mentioned, yes, well, not yesterday.
Good grief.
It was last week that their retail, world's going to see a trend line in here.
And I, wasn't going to draw a trend line here, but I'm going
to do it in today simply because there's nothing else to talk about.
And I want to make a fallacy out of trend lines.
So we have.
This idea here, which is classic retail.
I just tell you, you got to take the screen catches.
I seen ICT using trendlines diagonally.
So, uh, we have this high here, this high here, this hot here now as a
young trader, when I first start.
This would get me all worked up in a froth and be okay.
Now this is obviously a bear market.
I'm going to look to go short and invariably, every single time I tried
to do it, it ran right on through the trend line and kept on going.
And I don't know if that's been something you've encountered, but I can tell
you many times that's happened to me.
Okay.
So I have a lot of interest in this market, really getting above this high.
Okay.
I think it's going to go above this one.
So they're going to go above that.
And it's going to go above the buyers of these candles here, which
is a breaker bar, not a breaker, a rejection block, and they would
run up into the breaker this here.
Okay.
So we have two reference points in here at which it can draw own price.
It is a holiday in the states, uh, dollars being held and consolidation
pound is already shown intraday stern.
We have a big liquidity pool here, here, and here.
They can dust off all three of those enter day today while the dollar sleeps.
And that will also, uh, create more of an interest in it.
Maybe we could try to get up in here and make a run above this high here.
But right now I'm looking at the daily chart just to be mindful that 1 25 20
level, all the bodies of the candles in here are pretty much nailing that level.
And it's institutional.
We've had 1, 2, 3, 4 times.
It tried to go through it and every time we tried to go lower, it just hasn't done.
So with any convincing fashion, we'll load that 1 24 20 level.
Okay.
So it's, it's hanging around this range in here.
So it's really defined, even though we have Wix trading on both sides of the
marketplace, the bulk of the volume is being held inside of basically a hundred
point range or a hundred pit range.
So we have.
Let me see if I can get this to show up here.
I have it on your earliest morning.
There you go.
Um, this is generally the pattern you're seeing is the classic chart pattern.
Um, well we have price moving down until consolidation.
Now, if you know anything about classic chart patterns, this is when they do work.
This is what generally happens.
You have a high and a low defined here's the low and the highest high
just projected from the low stress.
Okay.
Even though there's no high here, you're referencing in terms of the width of
the pattern of the triangle or coil, if you want to call it this success
of lower, lower, lower high, and this high and the body notice on there, I
referenced that I did not care about the Wikia did not use this either.
I'm using this point here in my opinion.
Okay.
Um, yes.
You don't see it.
Go down to this little tiny little pinpoint before breakout.
It's usually like the last quarter.
Okay.
If we define this, this whole triangle up into four blocks of time, like this would
be one here and it would be two here and it would be three here and four here.
Usually before it gets into the fourth block or rate at the beginning of the
fourth block of time, if you delineate in four equal sections, in other words, the
triangle itself, a perfect triangle go back into to fight it in four quadrants,
usually a cup, a good green tongue twisted, a significant move or break out.
Will happen and it doesn't give you direction.
You have to look at other tools to give you that, but generally there's a breakout
prior to the triangle, get into its point.
And usually within the, um, the very beginning of the fourth quadrant in terms
of dividing the actual coil triangle up in time and equal blocks and all sorts of
stuff like this, and you read about now is where we'd expect to see it break out.
Now it first.
You would expect it to see the break lower only because we've had seen
lower high, lower, high, lower high.
And we're at this high here.
And I liked the fact that every time we came back, we filled in the void.
This high closes in that one, this void closes in that one.
I see that as, yes, it comes back and it may be capitalized.
New shorts, but also we can't get below this old high and this Ohio on the
daily, and we're not making lower lows.
We are making lower highs, but we can't get lower.
And the only clear, obvious level, and you got to think like a market
maker, the retail sees this trend line.
So even if it is ultimately going to go lower to 23, In this area down
here, I think that they're going to knock those trendline guys out and
all they have to do is really take it above this high here and to do that.
They could really spike it through that short-term high.
And that will be nice because if he did that while the dollar sleeps
today, that would create an SMT diversions, because most likely the
dollar index isn't going to make that lower low while this higher high will
in this high or this high would be.
And you're probably saying, well, that's a lot of movement in here.
Yeah.
It is a lot of movement, but that's usually when she ended up getting
against the dollar, when a dollar has a bank holiday, they get
most of the dollar gets muscled.
Um, cause it's being held in shackles.
It can't be, it doesn't have the freedom to move around
because our markets are closed.
So what we see is generally there's a, uh, a run against the dollar
index in an environment like this.
So be mindful that today and going into London close speed, but be aware
that we could make it run above.
Hi in break that suppose that trend line diagonal resistance.
But apart from that, we store a hundred point or a hundred pit range in here.
I don't have any strong convictions about higher or.
And this pair hasn't, there's no real clean level.
Okay.
And I know some of you get all worked up in a frenzy about it.
Every time you sit down and there's no trades, there's no trades.
Um, here's what I want you to think about strip everything away.
Okay.
Strip everything away.
Forget that we talked about gold going higher and it went higher.
Forget that we talked about silver going higher and went higher.
Forget everything that we were right about.
And this is focus on the negative Nancy stuff here today.
If we can't.
Okay.
Agree on this too.
Can I have a problem, but I failed miserably.
Okay.
But I want you to look at this pair here.
Okay.
I want a daily timeframe for cable.
Is there anything in this chart that is obvious and therefore clean in
terms of the technicals for where block breaker, low resistance liquidity.
Is there anything in this chart clearly defined where it stakes
a high probability trade?
Cause I'm gonna be honest with you.
It ain't there to me.
I would love nothing more that you'll say this is, this is a clear level here,
and this is where they should be buying.
I've been stuck in this pair for a couple of weeks now because it's already.
Moved into a range where it could be a problem.
And I said this, if we failed above here, this market could go into a
consolidation and trade sideways, go back and watch your videos in January.
You actually hear me say it leading into February.
The first week of February, I, every time we talked about cable,
my concern was where are we going to go into consolidation in here?
And that's where we're at.
So it makes trading very, very difficult, unless you're going to
be a day trader, which is not in the scope of our trading, right?
And for thirds that are really worked up about wanting to get action
in the marketplace, we're getting into short term trading in March.
So there's going to be a whole lot of stuff to talk about how much every other
day, there's something to be working on.
What levels of pick and trade off of, but day trading we're having every single day.
There's.
Okay.
So believe me, if some of your accountant pennies, and you want to be able to get
your money back for your investment.
When we start getting into the day trades, I'm not telling you to do
anything with your money, but we're going to have opportunities every single day
to pull pips out of the marketplace, but you got to learn these things.
And you also have to learn when I tell you that we're going to most likely
go into a trading range environment.
What was the catalyst that led to that?
Why did, why did I say that the pound dollar was going to go and consolidate.
Because of the dollar being stuck in its range and the cable, not being able to get
up here to the 27 30 level we were looking for, which is that level back here, let's
maximize that just for sake of discussion, we're in a larger trading range.
Okay.
But since we failed to get to it here, that means that the bullish near-term
outlook has it has been abated.
And we can't really justify it going lower because we have one, two significant highs
that price has broke through and we try to go through it already hit the main
threshold of the last down candle here.
So really we're trapped the market can't go higher and it certainly has a whole lot
of market structure to support it from.
While the dollar and the eights, it's not going to go higher or lower either.
So that's what goes into Anissa's for you Harvey.
Cause I know you mentioned discussions or, uh, uh, struggling points in regards
to ranges and trading and trading ranges.
And therefore, this is why I said that we would probably
going to go into a range where.
So if you pay attention and not try to listen in, okay, when's he
going to tell me to get a trade?
W where's the low I need to buy it?
Where's the level I need to sell at the stuff that you should be focusing
on is the things I'm talking about.
When you should not be trading, we're going to go into a trading range
environment and I can tell you, and I'm not going to do it because it will be
rude, but I want to let you know, there's like 20 people in our group that are
trading this pair right now, both long.
And.
And they're getting beat up.
Yeah.
They show profits for one day and then it gets gone and taken back.
And the reason why that's happening is because you're not listening to me.
Okay.
Listen to me.
I'm going to protect you from losing money.
That's my number one goal.
I don't want to see you lose money because if you lose money, number
one, you're going to lose your confidence about being here and you
won't learn anything and you'll walk away thinking there was no value in.
Too, you'll have money once you're done to make all kinds of money, cause
you'll know what to do with your equity.
Then if I talk about a pair of going and consolidation, and this is the
pair that was standing out for the ones that actually trade, and I
actually told you to stay away from Euro dollar, what does that mean?
We have to trade other the payers.
So what should we be focusing on all of the dollar and gold prior to
the markets like this, going into consolidation, I rarely talked about
the metals and I really talked about.
But those pairs are the ones that we're moving.
And that's where our opportunities were.
We saw by in Aldi and we saw buying gold and they're closely correlated.
They both go up all, he goes up and go, goes up.
So we had, everything was focused on that.
That's why we focused there.
I'm not just cherry picking things.
I'm giving you what I use for the last two days.
But if you choose not to listen to them, please don't send me email
saying, why isn't this cable going down?
Or why are you trying to, uh, expect this cable to go up from here and not go down?
And you're showing me charts where you're short.
Really?
What you're asking to do is manage my trade for me.
When I've already told you don't trade this.
It's not high probability.
So if it's, if it's not high probability, it doesn't mean you
have a good chance of making money.
So if you don't have a good chance of making money, why the hell are
you in that payer to stay in the side and wait or trade something else?
Trade all of the tree gold.
Okay.
There's other things to be looking at, but don't force something because.
I don't know if there's some of your arm wrestling with me or war or what,
but if I'm telling you that the market has very low probability, please don't
take that as an arm wrestling challenge.
I'm telling you, please don't because there's simply not enough
in the technicals to support the idea of taking a trade that
will equate to high probability.
It's as plain as that, you can't get any, it can't get any more plainer than that.
Now, if I tell you the markets are really poised to go home.
Okay.
And you choose the one to be selling it again.
Don't arm wrestle that because I'm giving you a macro view.
That is generally right on spot it's.
Uh, I mean, I'm, I'm, I'm not a long-term trader, but my longterm
analysis is what makes my short-term analysis and day trading so accurate.
So I have to not toot my own horn, but remember if I'm telling you
all that, these are the conditions.
Okay.
Listen.
You have to listen to that because you're not learning anything by saying, okay,
I hear what he's saying, or I'm not paying attention to what he's saying.
Okay.
In regards to the macro view, it's doing exactly what I said we are.
We should be concerned about if we fail to get that level up here, it did it failed.
Okay.
If we fail to go up all these highs and reject, we're probably
going to go on consolidation.
That's where we're at books.
That's where we're at.
This is where I lost money all the time.
If you could go through my last two decades of journals where I was cussing
myself out, it's because I was trading in this environment, I had to force myself to
learn where do these conditions come from?
How did this, how does this miss end up coming into the charts?
Because if I can see that coming beforehand, it's like
no one wears a big pothole.
I mean, imagine you went out and you bought yourself a brand new.
Mercedes-Benz brand new.
It's cherry.
It's a beautiful piece of machinery.
You're driving down the road and it's foggy out.
You can't see 10 feet in front of it, but yet you want to still do the speed limit.
Nothing has changed in your ideas.
It's the same road you've been riding for the last 25 years.
So, you know, like the back of your.
But you don't know that some goober does, uh, tore up the road.
Okay.
And didn't put up a construction sign, a hundred yards up the road,
and you just kept on driving and slam.
Now your beautiful piece of machinery has its front of the
line all tore up and maybe even worse if you see that road sign.
Okay.
That there's a, there's a potential for a issue ahead.
Do you still want to keep trading or drive in the same way without any
worry or concern about a potential.
Because that's what this does.
This is all hazardous trading, unless you're a day trader, which we can't
be talking about right now, because it doesn't fit the curriculum schedule.
It doesn't, it doesn't tie in yet, but there's, if you go into this
lower timeframe, when we learn the day trading stuff, this mark that's
what month out in February, and then go to the day trading stuff.
And you're going to see there's traits every single.
But I can't teach you appropriately by going into the lower timeframes, five and
15 minutes, I frames just for trade sake.
Okay.
Cause if you need that again, that takes us right back to the beginning in August.
Don't be here for that.
Be here to learn.
You have to know how to keep your money.
First.
Everybody can take a trade.
Okay.
Every one of us can do that.
We can buy, we can.
But if we're buying and selling in conditions that don't have the most app
opportunities for us to see movement.
That makes sense.
Cause none of this in here makes any sense, not on a daily chart.
It doesn't, there's no high probability conditions right now
in cable, on a higher timeframe.
Now at the day trade you can say, okay, I took this trade ICT and I bought it here.
I bought it are our solar here off these levels, then you okay.
I'm not going to argue with it.
Because you're in a short-term timeframe and your ma you're not marrying the idea.
You're trading intraday volatility based on this idea that we're in a
range, but don't think that we're in here trading to one 20 nines.
Okay.
Or one 20 twos based on something in here, because it doesn't have
the highest probability or there's no technicals that are clean.
We're all over the place in here.
It's wicking all over the place.
So how are you going to put a low risk, high probability trade
on in this environment based on.
You can't define it by my work.
You can certainly probably make up something with someone else's
trading ideas, but I am not changing other people's ideas.
I'm trading with.
So, if I say that there's going to be a high, high probability for this pair,
if it fails to go above this high, not hit this level here, it says that the
near-term bullishness has been pushed to the side and it doesn't look bears
to me at all because we have all of this market structure here where we already
went down lower and it hasn't gone lower.
And we couldn't get below the mean threshold this last day on
Canada, which is why this level.
I had such a significant bounce off at it.
And then we had this higher load that didn't get violated and
we have a higher, low here, and then we had price rallying now.
So my argument here is for some of you and 20 people, I think
is too much out of our group.
You know, we have 780 plus and 20 of you are arm wrestling with this
pair and you have to stop doing.
Stop because you're not learning.
Or if you haven't learned you, hopefully you learn now that if I'm telling
you the conditions are going to move most likely go into consolidation.
That's a hard market to trade on a swing trade basis.
Yeah.
I mean, you're basically compounding the difficulty level of trading you.
Then you make trading impact.
And then yeah, you should pull your hair out and want to break your
monitors and, and divorce your wife, and you need to send your kids and
move to another country and never talk to anybody else again, because
that's the feelings you're gonna have.
You're gonna be frustrated.
Couple that with the conditions in the marketplace being favorable,
where we have the probabilities to move higher, everything is submitted.
Okay.
And we're in a different market profile, considered we're in a consolidation.
Now, if we go to a training environment, didn't, trading's easy, but you have to
learn to identify when they're coming.
That was, that's what we're doing here.
I'm teaching you what to look for, why it's happening.
So that way you have these notes and these reference points and experience seeing.
Okay.
Some of you get excited about me saying the market's only traded this low when
the trades are to the pit or maybe a two picture below it or above it, but
it goes right to where we're saying.
And you're like, eh, Ooh, this is awesome.
The stuff like I'm talking about now, that's the stuff you should be in.
Wow.
This is, this makes a lot of sense because yeah, anybody can get lucky.
I got lucky for nine months who knows?
I can get lucky for 12 months in the mentorship and call all kinds
of moves and never get it right.
Again, if you learn when not to treat.
You will save yourself of multitude of heartache and lots of money
and sanity, because it's nothing more disturbing than knowing it
or blocks work, uh, uh, breakers.
Institutional order flow works, cot data works.
All these tools work.
Even the people in my free pre stuff.
Thirst.
First time you watched the video, anything of my concepts, you can go right into the
charts and find that and say, wow, this guy really knows what he's talking about.
That's great.
But the missing piece of the puzzle is, is understanding how as a whole, how these
tools work in the most, uh, opportunistic times, because it's not just simply enough
at buying every down candle or selling it every up candle you have to have of.
And the hardest thing to teach is knowing market profiling,
because really what you're doing is your forecast in the future.
When you're forecasting higher prices in a bull market,
that's really not forecasting.
That's just obvious.
I mean, the market's going higher.
Where's it reaching for that?
There obvious things, but retail doesn't think that way.
They just think by now, let me make 10 pips and I'm going to
overlap and we'll see what happens.
How field, when I get 10 pits up, I want to hold it.
Professional minded perspective or institutional mindset is,
are we in a condition right now?
That's favorable for a lasting trend, higher or a lasting trend lower.
If we don't have those conditions, then we're stuck in a range.
If we're stuck in a range, does a large fund pour money into that?
No, because they're not going to see movement.
That's why when you see a market that's already poisoned move, and then you have
these big explosive directional bias moves because the funds are dog piling in and
they just keep pouring money in and it just keeps on going and it feeds itself.
If I could cook back and show you all the times where I lost money,
it's going to always be in this environment here where I didn't know
it was going to go on consolidation.
I didn't know it was going to go stuck until.
But I have learned over the years, what the characteristics are, why the
algorithms and why the market makers, before we went to electronic ideas and
artificial intelligence, where it pushes price around when, uh, the pit traders
would push price above a whole range, they would take that high out knowing did
they have a real good chance of it not going higher because it's no longer boom.
Or at least for the near term is not bullish.
So they would be selling HIEs or they would say, Hey, look, I'm, I'm buying a
hundred above the high, the intraday high.
And that guy will take, he'll say, okay, I'm going, I'll sell that to you.
They're going to make a run on stuff with a high degree of probability that
it's not going to see a continuation on the upside and reverse it.
Sell side scenarios.
The pit traders would say, look, you know, I'm going to, I want to buy it.
I want to buy a hundred lots below the lowest low.
And it could be trading 20 points above the low and
they'll, they'll make that trade.
And then boom, the market's screwed.
Okay.
It goes all the way down and takes that lower, low out and then
goes right back inside the range.
That's what we're seeing here.
That's what I warned you about.
If we fail to get above here and not get to that level, go back and watch
the videos the last week or so in first week of February, it's in there.
And for those whoops, that downloaded the, these, you can see, I can't
go on your computer and change it.
It's all.
We don't want to see it fail here because it could go into consolidation.
That's what we're seeing.
So whenever I tell you this, pay attention to it, because it's going to save
you a great deal of sanity and money.
And here's the thing.
If you made money in this outside of a day trade, it was luck.
Trust me when I tell you that and your ego is not going to like to
hear that your pride is certainly not going to accepted, but it was luck.
Trust me.
It wasn't.
Because just generally, this generally is a slaughterhouse, so you're going
to get chopped up and beat up a lot.
And it's meant to take some money from you because the traders that are in
there working professionally, they know they have to make their, their income as
well while the market stays and arrange.
Okay.
So they're going to try to make as much as they possibly can off of
these short-term little moves and they're going to run your stops.
They're going to push the highs, push the lows and back to the middle of.
So, if you know, this is what's going on, imagining what
this is going to help you do.
When you're a day trader, you're going to do turtle soup day trades all
day long, and you're not going to be focusing on range ideas where you're
looking for a bullish for a couple of days and bears for a couple of days.
Like one shot, one kill, no you're going to be buying old bows and
you're gonna be selling old highs.
That's the game for day trades, but you can't trade sling trades and.
You can't do it.
I know we were learning things about swing trading.
You're looking at the position stuff that we did in January.
Okay.
Now get us in a trade ICT.
It's time we got told.
Now let's go here and do it.
You got to have the conditions to do it.
You can't just simply say, okay, I have a paint brush and I got some paint.
What am I going to, what I'm going to paint on?
Because believe me, there's some very artistic people out there that put
graffiti and beautiful pieces of work.
In my opinion, one of the most inappropriate canvases.
Build businesses, cars, streets.
That's not where they should put that work.
And what you're trying to do is you have all your tools you're learning,
but you don't have that canvas yet.
You got to wait for the market to give you the opportunity to lay out
that whole idea of it's going to be bullish or it's gonna be bears.
Okay.
So hopefully I'll not bored you with this conversation regarding this,
but I really want you to understand that there is a great deal of
value in understanding when not to.
It doesn't mean you're making equity highs.
Okay.
It just means you don't have new equity lows.
You want to make sure that you understand when it's most likely going
to be favorable for you to be trading.
If you can just pinpoint times like that throughout the year, you're going to
keep your money, which is the number one rule capital preservation is number one.
Rule.
Professional traders are in the business of keeping their money and then getting
other, people's wanting to add to their equity base, not give out charity or.
Interest-free loans.
Okay.
Cause it's, that's not our business model.
So basically what I'm saying is this cable who the hell knows
what it's doing right now.
We have to wait.
All right.
So we're seeing a dollar CAD has had some bullishness off of this area
here, which I haven't had any kind of.
Conviction built on this.
I said that we'd have to get above these highs in here.
If it does that, then I would be willing to look for some things
bullish because we would have market structure shifting on a daily basis.
And I wouldn't know really, um, on a daily basis, apart from just this
little down candle in here, which has a lot of WIC, I don't see it in here.
I just don't see.
To propel us up here, but I'm certainly willing to accept the fact that if it can
do that and then we can see some dollar strength, then maybe the, uh, the dollar
cat has turned the corner down here.
I don't like the way it did it.
If it has an impact turned that gives us the low we've had a retracement down
and we start going higher for months from now, it to me, I didn't like how
it was forming, but I certainly will bend to the will of the marketplace.
If we get above these times.
And until then we're still on a range and looking for one 30 and I could care
less, really what it wants to do apart from going higher until we get above these
candles, bodies, all the dollar, we still didn't hit our mean threshold yet 76, 55
down here, last down candle on the buy.
This one here, um, intraday.
We had a little bit of.
Today's high was, uh, 76 90.
So again, you can see how we had foreign currency would make a run against the
dollar index in a paradigm we've been watching really with some bullishness,
but we fail to get above and get to that.
77 45.
I was only seven 50 until we break this level down here.
We still look for that.
Uh, we could be at this consolidate, hopefully get some
weakness on dollar index tomorrow.
And if that's the case, we'll see the.
All the dollar, trying to make a run one more time for that 77 50 level.
If we lose this level here, 77 55, I'm sorry, 76 55.
We're going to go down below these lows.
And then this is the swing tree idea here at 75 90.
Okay.
So that's the level we're looking for for potential swing.
We can come down and hit that.
Um, if it drops straight from here though, um, I'm not going to.
Bye here and have every bit of the trade off at 77 45, 27 50.
I'm going to take something off at a level that would be noted at that time.
If we get down to here, I'll give you a levels I'm looking forward to take profits
at, but I'll leave a little bit on a very small bit to try to reach for 77 50, but
the majority of the trade will be taken off at some, some low or some breaker
in here that may, uh, maybe a catalyst to reach for, for a premium PD re.
Only for our basis.
Europan we mentioned last week that we came up close in the range
here from this last up candle, a little bit of avoidant here.
You clearly see it here, hit it close.
I said that this was done.
It's in the recording and now we've since traded off there.
And again, this pairs in a consolidation, but I'd like, I've
simply really like this level down here.
I think that we're ultimately going to be reaching for 83 40.
Uh, so that's going to be a catalyst for Euro, which is another reason why I'm
not terribly excited about Euro dollar
gold.
We had a little bit of a run, uh, intraday here.
Uh, I like the equal highs that we've left up here and these two
equal, uh, tweezer type highs and another high appear parasite.
Basically, this is equal highs.
They're leaving a double top in other words there.
And we liked that 1250 level still.
Okay.
So we're still looking for 1250 as an upside potential for gold.
Um, we want to see price stay on a four hour basis.
So we want to see it stay above
1230.
So as long as the state's about 1230, we're good for the bulls.
I really like the 1, 2, 3 drive lower into the low we call for as a buy
buy, sell liquidity, really easy.
See it double, double tops in here.
And we, we looking for a run above that high and silver
consolidate rant.
The 1800 level still want to see 1820.
So we'll, uh, we want to see it remain above 1775.
So as long as it's doing that, we'll continuously see this metal
probably keep making higher highs.
And that's the business for the market today.
Um, again, holiday today in the states.
So you really shouldn't be trading, just be observing.
Uh, as a reminder again, tomorrow we'll have a long, long session.
I'm not going to have a eight o'clock session tomorrow.
I'm going to do a nine 30 start time tomorrow.
I have a appointment with one of my son's teachers, so I will have to be me meeting
them at our normal time at eight o'clock.
And then after that, um, I'll get things together and we'll
be meeting at nine 30 tomorrow.
Just expect a two hour session.
If I can get it done in less than two hours.
But just allow yourself the expectation of two hour length into, on Tuesday session.
And then the final note for this week, uh, just to give you an idea of what
you're getting your last two sessions for the teachings, you're getting a
complete rundown on how I break down the marketplace for swing trades,
all the tolls, what tools I use at what stage, when I don't need them.
You're going to see that the absences.
If there's a tool that I have in my repertoire, if you don't see it
being mentioned in a specific area or a context, please don't email me.
Well, what about this tool?
Don't you do this?
Save that.
Okay.
Cause I'm telling you everything.
I'm teaching you in the swing trading model, the million dollar swing trading
model and the lesson seven, those two tie together, everything as it relates to.
And you'll see us a lot.
It's a lot of stuff in it.
It's, you're going to see the difference between all the other teachings
that we've done so far each month.
These two you'll see the complete difference from how the ma the
contents been delivered and much more degree of detail explanation.
It's going to be very hard for you to have questions, but that
way, but please don't ask me.
Well, what about, um, uh, SMT divergence adhere to, to.
Uh, focus on the things that I'm actually talking about and only
talking about at the individual stages, because it's the way you look
at the marketplace, it's going to be broken down into individual stages.
And until you get from that stage to the next, in terms of your analysis, there's
no reason for you to be reaching for tools that don't have any relationship
to that stage of your analysis.
Okay.
So basically I'm giving you the recipe, the whole complete
outlined for swing trading.
If you follow it and you study it and you look at it and then you go into
the charts yourself, because you're going to convince yourself rather
quickly over a weekend that you got everything you need for swing trades.
So if you're going to be a fund manager, you're looking to be a fund
manager, you're going to operate a lot with what you learned in January.
And this.
That's going to be your, your business model and very little of your capital.
We use for swing trades on an intraday basis, like day trades and stuff.
You don't want to be doing a whole lot.
And then suddenly you're thinking, man, I could probably do like a
double my money every four months.
Do you get when you're doing day trades don't you don't want to do that.
You want to do the bulk of your trades.
If you're managing funds in a swing traders model.
Because it doesn't require a lot of trades.
It gives you a lot of freedom to wait for the setups.
And it also keeps the perspective for your clients low end, because if they're making
consistent profits and returns annually and you don't have to do a whole lot,
believe me, sanity will thank you for it.
You just don't want it to have to be continuously driving the equity higher
that keep your clients satisfied.
If that's the case.
You're going to work yourself to death and believe, meaning anything worth the money.
Even if you're making a lot, it ain't worth it.
I've been there.
I've done it.
It ain't worth it.
Uh, the times I've managed it where, you know, I'm doing 35 to
40% a month, a nine month a year.
Believe me, they're loving you.
They're loving you.
And you're not asking you not sending you emails.
They're not calling you.
Hey, what's going on?
How we look and you don't want that.
You don't want people trying to reach out to you.
You don't want people giving you a report card, you know, a week to
week basis, or even a monthly basis.
You want these folks to, to relax and trust.
The fact that what you're doing is, is in their best interest, but
you're not really working hard.
You don't need to work hard to make good money, and you don't need to sit down
with your clients and explain that either.
Again, if you're not looking at a fund fund management, you'll probably
change your mind towards the end.
Um, cause you're gonna see a lot of things talked about, um, especially if
you don't have a lot of money to work with right now, if you're the type of guy
or gal that's going to be only trading with like a thousand dollars for 5,000
hours at the end of the mentorship.
And that's all you're actually having to do.
Uh, with, in terms of your startup equity, that's nothing to be shameful of.
Okay.
I mean, granted, I started with $2,600.
I borrowed from a credit card.
So believe me, if I can, maybe I can do it.
Anybody can do it, but if you are interested in getting your
equity base up quickly, okay.
In shorter time than overleveraging your account, doing a small account,
proving your consistency and then making yourself available to other
people, investing in you believe me, it doesn't take long to get six weeks.
Very quickly for your own trading by managing other people's money.
And trust me, it doesn't take long.
Once you have a hundred thousand dollars and believe me a hundred thousand
dollars is easy to get ahold of.
It's real quick to get ahold of that.
But once you get that, you treat that for one year consistently.
You'll see quickly why a nine to five job is this absolutely stupid.
It's a waste of your time.
It's so it's not secure.
It's not the, uh, the safety net that you've made yourself believe.
Okay, your wife, your husband, they're gonna look at you and
think that that's nonsense.
You have to have that job.
And I'm going to tell you it's the opposite.
Okay?
Because that job doesn't guarantee itself next week or tomorrow,
you're maybe at your job right now, listening to me sneaking.
And I'm telling you, there's no guarantee, regardless of how nice of a
person you are, that that job is going to be there for you tomorrow or next.
But the markets will absolutely be here tomorrow and next week that's
going to happen until the world stops, turning commerce and trade is
always going to be there and you're going to learn every asset class.
So there's absolutely no reason why you can't double a hundred
thousand dollars every single year.
And I don't know who can't live with a hundred thousand dollars.
If you're in here in his mentorship and you can't live with a hundred
thousand dollars, you start a course.
I'll buy it.
You know, maybe, you know, something I don't know.
And I'd love to listen to it, but the point is.
You're learning this week.
Everything I do with twin trading and they're rich
lessons, they're very, very rich.
Do not go through these two teachings zipping through and say,
okay, give me you March from March.
Roll on mark.
No, no, no, no, no.
You need to be really studying these next two lessons because it's a lot of.
It's a lot of tools.
It's a lot of rules.
It's a systematic approach to how I look at the marketplace from a hole and I break
it down and every tool and every facet of each individual stage, that's what you do.
You don't add to it.
You don't subtract from it.
You do just this and only this, when this does this, you do that.
If this doesn't do this, you don't do anything.
That's all this does.
It leads you to that outcome.
Okay.
Now at the end, Of this month, you're going to have an understanding
of what you supposed to be doing with the swing trading, from swing
trading ideas to short-term trading.
There's a shift, some tools and usage of things are going to be referred to,
but then you have a whole different set of things you start looking at.
Cause now short term trading, you have to start incorporating.
So we're going to start looking at average daily range ideas, and you
start getting more tools from a Mt.
Four standpoint, and no, you do not need empty four to trade this stuff.
I'm going to teach you.
So don't freak out.
I know a couple of people reaching out to me.
If I go with this certain broker, because FXCM has closed their doors in the states.
If I go with another broker, they don't have MP4.
Can I do, can cannot do your stuff and use your tools without empty for.
Anthony Ford just creates little gizmos that help you look at things, but
you don't need those things to trade.
They're just lipstick and time savers.
If you're only trading one care, good grief.
You don't need, you don't need a whole lot of things to, uh, to make
your trades effective or accurate.
So in the last bit of business for our close with you today,
um, central have everything you need to know with swing trading.
Okay.
In August with August is going to do, because I had one of our customers
concern and selves with something that is inaccurate in the way they're dealing it.
When I say you're getting flow charts and templates in August,
what that's teaching you is okay.
If I sit down with the marketplace right now, am I in a favorable swing
trading model for the marketplace?
And if I am, how do I go right into my analysis?
Am I in a short-term trading?
Am I in a long-term trading model, all of that is a structured approach to sips.
Systematically apply all the individual disciplines I'm
giving you the actual components.
Okay.
And again, this is for folks that have an understanding with computer programming,
you'll know exactly what I'm doing when I, when you get these last two lessons
and you have individual major components that will tie together in August.
Well you'll know everything, you'll know exactly what the
market's doing as a macro.
And where the opportunities are and whether or not that's, what's
going to save you a lot of time and money and frustration, knowing
where to focus at right now.
It's kind of like the heat map of the complete marketplace, you
know, you know exactly where all the actions should be right now.
So therefore that's where your focus should be.
And what action is it?
We're looking for institutional sponsorship, where is the institutions
putting money or taking money out of?
Because that's where the opportunities are.
An example of that was last week or last couple of weeks where we stopped
falling foreign currency and went to the.
Okay.
I'm and traded gold.
And we had a buy signal.
That's beautiful.
And it's a nice little short-term pop.
There were $2,000 per potential profit, and you can't ask for
anything better than that.
And in a market that's dead.
It's sideways.
It's not doing anything right now.
And other traders are getting.
They have no idea what's going on.
Okay.
So you're getting clarity, you're getting a reason why you're doing things
and why you shouldn't be doing things.
And it's given you context that you can't get in books.
You can't get it from other people, even people that I have a lot of respect for,
they just don't give you this content.
They don't give you the perspective on knowing why you should be
doing it or why you should not be trying to do anything at all.
And if you can focus on those values yeah.
And translate that into monetary loss or gain.
Believe me, I'd rather keep my money, then risk it on environments
where I have a real good chance.
I'm probably gonna lose.
I might win because you always have that.
You always have that, but I have a more likelihood of losing.
Why the hell would you want to do that?
Don't do that.
You want to trade when it's easy and that's what teaches you patience.
When you see looking at Katie.
And it's been in a really crummy daily market profile.
Okay.
When you have these conditions, it doesn't give you a high probability swing trades.
It doesn't give you high probability, directional bias.
It gives you a lot of potential pain and frustration.
And some of you that have been trying to train this pair and held on for a
couple of days, not just intraday, you know exactly what I'm talking about.
You feel it now and use that as learning experience.
Don't go and do.
So, if I tell you again, in the next six months, while we're working
together and this mentorship, if this market's going likely until
consolidation don't arm wrestle me.
Okay.
Leave your ego and pride at the door.
Trust me.
It's always going to be me better than you.
Anyway, until we finish the mentorship.
Once you know these tools, then you'll be better than me over time.
But right now I know what I'm talking about and just trust me.
Okay.
So I'm gonna close it here with y'all very pleasant afternoon.
Be mindful of that trend line right here.
That number that.
That trendline is probably going to be breaking.
And until we meet again tomorrow, which.
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