All language subtitles for Lesson 09 Bonus EN

Okay folks.

Welcome back.

This is a bonus lesson for May, 2017, and
it's dealing with building small accounts.

Okay.

When we're looking for daily scalps
or intraday session setups, uh,

we're looking for basically is a
daily search for scalps and velocity.

Now what I mean by that?

Well, first we have to
consider a few things.

When we look at kill zones and contrast
that with the fulfillment of ADR.

What I want you to think about is
the opportunities they exist when ADR

is yet to be fulfilled for the day.

Now, there's going to be days as
I've already stated before, where

ADR does not fill by London clothes.

It doesn't mean that that
number is completely useless.

It means that that number may
be impactful at a later time.

It could be the following day session, but
for now, I want you to look at this chart.

Okay.

Now, if I were to ask you,
what am I outlining here?

Or what?

What's the diagram crudely
depicting without a doubt.

And most of you would
say, well, that's obvious.

I'd say by day it's a open and
it declines down into London,

creating the low of the day.

Then it goes into custom consolidation.

Then it rallies up and then creates a buy
after a stop run on a New York session

low, and then rise up to ADR high.

And this is true.

This is one potential.

Outline that that would be a match
for, but it doesn't always have to

occur that way to get the daily range
can complete outside the traditional.

What we know as the London open to London,
close or Asian, open to London clothes.

I want you to consider if the ADR is
fulfilled, basically by the stock market

open at nine 30 in the morning, New
York time, how would London clothes.

What influence with London close have, and
I want you to broaden your expectations on

how market makers paint the daily candle.

I want you to try viewing
the previous Kilz zone as you

would the London open Judas.

Now, what do I mean by that?

Well, as we learned in this mentorship,
the Asian open can be the catalyst

for the lower high today day
formation based on its opening price.

So the vertical dark line here,
delineating a reference of

our beginning point in time.

We're going to think for a moment that
this is the zero GMT hour or Asia's open.

This could be very easily that phenomenon
here where the opening, it drops down in

the blue shaded area, that blue shaded
area, it could be simply the Asian open

kills on the market could rally from
that point on and then create a down low.

On a previous low intraday at
the green shaded area, which

would be actually London open.

Then it fulfills a ADR high
before New York session open.

No think, think about
what I just gave you.

They're simple, they're simple
templates that you can go about

looking at how price may unfold for
the day, but notice what's necessary.

You have to have a higher timeframe bias.

You have to know what institutional
order flow is on the higher timeframes.

So if we are trading within the weekly,
daily four hour and they would be

bullish, ideally in this condition,
We could be anticipating the opening.

It Asia's open to create that down
move or Judas, and then creating a,

another solid by after a stop run for
offset accumulation in the London open.

Now let's skip to another session.

Okay.

Obviously we mentioned the traditional
open at the midnight candle in

New York, and then a Judas swing
down, creating the London open.

And then the market trades up
has some measure of consolidation

going into the New York session.

And then it creates a run on a short-term
load that was created during the

London lunch that stock run for offset
accumulation could be the New York session

low, and then it rallies to ADR high.

That's an obvious classic scenario.

But now think for a moment, say average
daily range has not been fulfilled.

And maybe London you've missed
or maybe London was uncertain.

Maybe Asia is open, was uncertain.

Maybe it's been a larger consolidation,
or just simply you didn't get a chance

to sit down in front of the charts
until just now and that vertical line

that begins our time demarcation that
represents the beginning of the New York

session or New York open that dropped
down could be the catalyst for blue

shaded area could represent the New York.

And then it rallies up into the
green shaded area, which would

be in this case, London close.

Remember living close does
not always represent every

versatile or the high today.

If the conditions in the marketplace
are calling for higher prices.

And for instance, say average daily
range hasn't fulfilled and we have

not met a hard timeframe, premium PD.

This is what you'll end up seeing
sometimes with the London clothes, it

will provide an opportunity for you
to see a retracement back intraday

to a short term, low it rallies when
everyone else is expecting it to be

done for the day or retraces lower.

Okay.

We would be looking for continuation
to go higher on a bio to stop run.

That would carry into later today, two
o'clock in the afternoon, your New York

time or three o'clock in the afternoon.

When the bond market closes.

I want you to think about an old scenario.

Think about London, close to bond close.

As we just mentioned here, then we
have the New York open to London close.

That's another scenario that could be
on forwarding here, the traditional

one and open to New York open and
in the Asian open to London open

there's four primary opportunities.

Each trading day, every
single trading day.

Those four windows of
opportunity exist for scalp.

Now it does not mean every single payer
will have every single one of those

conditions promoting an opportunity
where you can make 20 pips or more.

It does not.

I'm not implying that I'm stating that if
you're going to be a scalper, it's in your

interest to go through a handful, maybe.

Five to eight different pairs.

Okay.

And looking for these times of the
day for these opportunities using

higher time institutional order flow.

And you can, and I'm not stating this
to try to do it and blow your account.

Okay.

Or create massive drawdown because you're
going to go nuts with the information.

But I want you to practice
looking at live market action

and see if you can't fare it out.

An opportunity every single
trading day now begin with it.

That's how you begin with it.

Go back and look at maybe three or
four, maybe five different payers,

do all the majors against the dollar.

And I guarantee you there's an
opportunity in every one of these

sessions that I've outlined for scalping.

Those opportunities exist
at least one per day.

Now I know what you're saying.

Well, which one is it going to be?

Michael?

I need to know which one it is
cause there's I could be wrong.

Yeah, you could be wrong.

What'd you think I was going to
give you the exact, would you

have them every single time?

No.

That requires your analysis.

You need to go through and find out which
one has the potential to move higher.

Which one?

If we're bullish, once one's failing to
go lower, which one's making higher highs

faster than the others, which one has
their ADR that has yet to be fulfilled for

the day, which one has not yet ran into
a premium PDL Ray on a higher timeframe.

Those are the markets that would have
more, more likely to be a candidate

for the scalp at that particular time.

And again, it goes just like
the sunflowers, you know, around

the planet constantly, you
know, a rise in somewhere else.

You start with Asian open and look
for a mood going into London open and

then London open into New York open.

Then New York open into London close
and then London close ended a bond

closed at 3:00 PM at New York time.

There's your scalping windows.

What you're looking for is your PDA
matrix to line up with that idea, the

framework, conceptually, in a graphic
depiction, when we're using offset

accumulation, this is what it looks like.

It does not matter what, which one
of those kills is we're talking about

because it's all basically the same thing.

If institutional order flow is bullish,
it will most likely unfold like this.

And notice the shaded areas
I have for Kilz zones.

I already knew what you're going to.

And that's what everyone else
thinks in the free tutorial stuff.

Those individuals already, they just
think London open New York open that's it.

But you need to think in terms of how,
if the delivers price and that same

mechanic is offered during the agent open
the New York, open the loan and close

all, all four of those primary sessions.

We've outlined they're all
there as potential candidates.

So that means.

Let's say you're looking for an
average of 15 pips each session.

Each time you're looking for an
opportunity to get no one works 24

hours, no one sleeps for 24 hours.

So there's no reason why folks in
this mentorship can't find at least

one or two opportunities a week
where they can pull something out.

The other condition is when the market
comes back down into a fair value.

And we see that market trade back down
into what would be an optimal trade

entry, a bull shorter block, but the
stop run here's when this one unfolds.

If we seen that initial drop down
that would be seen in the shaded area,

whatever that kills zone would be.

And again, I'm not limiting
your perspective to London

open or Asia open it's.

I want you to think this way,
universally across all the timeframes,

if we're underlying bullish.

If that blue session or the first trading
session that you're following, if that

dropped down or Judas swing creates a
stop bronze eight runs out short term

lows and takes out the cell stops.

Then the next kill zone, we would
not anticipate a stop run there.

We would re for a return to fair value
doesn't mean you can't get a stop run.

It just means that the most
likelihood is it's going to pull

back for fair value there because
the previous session had a stop run.

When we look at all set distribution.

All we're doing is looking
from the bar market's parish.

Same thing.

Everything's just reversed.

I'm not going to force you into thinking
this is London open and New York open.

I want you to think in flexible terms
that these kills zones are opera.

Universally going forward, you have
Asia's open London, open New York,

open London, close bond close.

And is today like you would
normally expect for London clothes,

capita daily range bond close
at three o'clock that ends it.

Why, why three o'clock because it
takes in account for two o'clock effect

when FMC read announcements or minutes
coming out, and that may be pushing

price around until three o'clock.

When the bond market closes and
redistribution and a fair value level.

This would be an optimal trade
entry cell or bear shorter

block filling in a fair value.

You've got the fair value gap rather,
or liquidity void that would be seen as

price rallies up now, again, thinking
in terms of the kill zones, okay.

Your scalps, this PR this type
of price action will be seen

on a 15 or five minute basis.

That's how you would interpret it as well.

So you would start with Asia's opening,
looking to move into London open.

There should be a scalp in there.

There should be a scout from
obvious London, open to New York.

There should be a scout from New York,
open to London close and in London, close

to the bond market close at 3:00 PM.

Now the one that's in that list
is last London, close to bond.

Close that one again is going
to be used when ADR is not then

fulfilled, but price has stalled
the low, a premium PDA Ray or above.

PDA Ray on a hard timeframe.

So when you're bearish, if the market,
for instance, we're looking at like this

scenario here, say that green shaded area
is the London clothes, that London clothes

we have yet to see the ADR low fulfilled
for the day in institutional order

flow is bearish on the daily four hour.

If we see that New York session
rally in that vertical black

line would delineate what.

At the beginning of the New York
session or could represent what

CME open at 8:20 AM, New York time.

So we see those time periods.

Okay.

And we are expecting lower prices
and ADR has yet to be fulfilled.

We can anticipate the
London close time of day.

Present a continuation and
then the market drops lower.

That condition is going to be there.

If the load that forms in the mundane
clothes did not meet a higher timeframe

discount PDA rate, that means it
has yet that really reached for

what it's ultimately reaching for.

What's the hard timeframe PD, right.

In a discount capacity.

So there's only one caveat to all
these, these four windows London closed.

That one using is a timing for
continuation that one's always

going to be based on the higher
timeframe PD rate matrix.

If that level has not been achieved by
Lennon close, then you can anticipate

this type of formation occur.

Now also the London close.

It may carry over all the way into.

Beyond 3:00 PM uh, bond close.

It can actually continuously
trade on through, especially

on the heels of FMC type thing.

It can trade right on through, into the
agents open and an agent open ended up

capping the brain or that initial move
that would occur from the beginning

of only closing the previous trading
session that move can continue that long.

So if you ever do get an entry
at London close, you want to take

something off certainly by 3:00 PM.

Okay.

Leave something on because you
may get some follow-through over

the course of rolling into the new
Asia's opening the next trading day.

All right.

So I'm building small equity
with small risk, a 1% or 6%.

It's all relative.

Now what I mean by that?

Well, there's a few opportunities in
today as we just outlined here that.

A scalping trade scouting's
are not millionaire makers.

Okay.

By themselves.

They just are small little
surgical strikes in the marketplace

where we can take some pips out.

And then I, that to our.

If one uses a framework to risk 1%
risk on 10 to 15 pips and aims to make

20 pips or more not know that that
more does not mean a hundred pips.

Okay.

It just means 20, maybe 30 at max,
but generally I'm looking for.

Yeah, an opportunity.

Yeah.

I can bank 20 pips.

If I can see potential for 30 pips then.

Great.

But I'm really aiming for 20.

If I only ended up making 15,
then it's been worth my time.

But anything less than that, I'm not like
I'm not really trying to do anything like

that, but over time, small equity can
grow using the effects of compounding.

So the idea is risking more for larger
percent of your equity is not the key.

We don't want to do that.

Just because we are learning how to trade
better and more efficiently and more

precise doesn't equate to, okay, now
they have trade more opportunities a day.

So I'm gonna trade every single thing
and I'm gonna maximize leverage.

That's not what we're doing here.

So if you have a smaller account, what
you want to do is you want to grow

your equity with the same 1% risk, but
we're going to be compounding it with

the growth of re-investing equity.

So while 1% is a static uniform amount
that we use for our scalps, that

percentage will become much more as
equity increases in our, in our trading.

And obviously when we, if you do,
short-term trading one shot, one kill

swing trades, position trades, all
those will impact your equity as well.

But if the equity itself is
going higher, that 1% today

will be much more significant.

And a later time when you
have more equity in your.

So percent based risk Marine's
constant at 1%, but as the equity

grows, the effects of compound
interest greatly increase over time.

So what we're going to do is
basically trade with the perspective

that there's three good days per
week, and 6% is the monthly goal.

Now, what do I mean by that?

Wait a minute.

You just told me Michael
there's potentially as four

setups a day for scalping.

Yeah.

But you're not going to
get every one of them.

You have to sleep.

You have a job, you have a
spouse, you have a life to live.

Okay.

You're never, you're never gonna
be able to do all four of them.

Obviously you can't, but
there's an opportunity.

Every single trading day, during those
times where you can get about 20 pips.

If we try to trade every single trading
day, just one of those sessions,

every single trading thing, the
statistics alone will teach us that

you're going to be wrong a few times.

So.

If we understand institutional order flow,
chances are we're going to have it right.

At least three times out of the week.

So if you trade more than that,
the opportunity really increases

for you to go into drawdown.

And what I mean by this, let's say
you trade on Monday and Tuesday and

Wednesday is your primary working days.

Okay.

You're not gonna be doing
anything for Thursday.

Great.

You have your, your, your
business model set up.

You're a scalper.

You're gonna be looking for
potentially 12 opportunities a

week, but you got to the factory.

And when you go to work, when you have
your time with your family, when you

sleep, that all has an impact on those
four opening windows for scalping.

So you have to find out when you're
gonna be able to operate in that.

Then by doing that, you can like
remaining a windows of opportunity.

It may only reduce down to three.

So you have potentially 12.

If you're going to trade Monday,
Tuesday, and Wednesday, but

again, sleep, work, family life.

That's all going in a way.

Like everybody realizes once
they start trying to trade.

So now you reduce it down to
three, three opportunities.

So you got three good days per week
is what you're going to operate in.

Now let's say you get into
the first trading opportunity.

Okay.

And you make your, your 1% risk turns into
a winning trade and you make about 1%.

Great.

Now you're up on the week.

Tuesday, you take a
trade and you'll lose it.

You get a, get a hit.

Now you're back to square one
again, you don't want again on

Wednesday, you feel like you
shouldn't be taking another trade.

You do, and you get it back.

And now you're at 1%, maybe
it's one and a half percent.

You end up collecting out of the trade.

Great.

You're done.

Wait a minute.

What about Thursday and Friday?

What about it?

That's not your model.

That's not your plan.

That's not what you're trying to do.

You're trying to narrow down the focus
for your opportunities to meet in

favor for you to be profitable, not
push your luck, push your luck, push

your luck because look, that's good.

Now push too long becomes bad luck.

Okay.

You don't want to crap out.

The following week, you do the same thing.

We're looking for Monday,
Tuesday, and Wednesday.

We know when we're going to be
operating based on our family life,

our business life, our job, whatever
it is, that's going to be an impact

in your time and opportunity and
sitting in front of the charts that

scalp they have to be considered.

And then, you know, when you're
gonna be trading relative to those

four opportunities per day, you're
going to go through your payers,

find out which one meets the criteria
based on higher timeframe daily.

And for our institutional order flow.

If we have done our home.

We take the trades again and say, we get
another scenario where we start off with

a losing trade about the second week.

Now we're in trouble.

So now we've got to reduce it.

We only do half percent.

Boom.

The next trading day, say
we get an opportunity.

We can get it back.

Okay.

We, we get that back.

Now we can earn the right to trade
with four, 1% risk again on Wednesday.

Then Wednesday's trade gives
us one and a half percent.

Great.

We're done.

Do this over the course of the
next two weeks and we're we're

netting one and a half percent.

We're reaching basically 6%
an average in that alone.

If you're just doing that, forget about
one shot, one kill, forget about swing

trading, forget about position trading,
forget about all those types of things.

Okay.

And just think if this is all
you were doing, this is enough.

This is all you need to do, but you have
to be able to be consistent about it.

And.

So 6% even scalping a couple of
times a week, even being wrong.

A couple of times that in itself
will grow your account and double it.

Now you're probably saying, well, what
if I only have a thousand dollars,

Michael, that means only have a thousand
dollars more at the end of the year.

Right?

I'm not arguing with that, but.

Most traders aren't even profitable.

So as you do this more and more, you're
going to get more efficient with it.

You're going to be much
more accurate with it.

Your timing's going to be better.

You're gonna be able to
select better setups.

You're going to be able to
learn how to trade better tips.

You can trade the daily range is more, and
there's going to be more opportunities.

All I'm trying to do is
give you an opportunity to.

To help mitigate some losses when you
can, when you get, uh, like a one shot,

one kill and a loss, you can Nick on
Don the market with these types of

trades and repair some of those, even
if there is no one shot, one kill that's

training, that's going to transpire
right now that you feel comfortable with.

You can lower your expectations
and work in this universe here.

The worst thing you can do is when the
markets are really hot and feverish, like

they, I expected to be in the fall months.

You don't want to be scalping.

Then you really want to be
trading the daily range as.

So there's different criteria
and conditions in the marketplace

you want to operate into.

But when the markets are iffy,
real, real dicey about where

they want to go, the real fickle.

If you operate with this scalping
mentality, it will help you

consistently take something out.

Not a lot.

It's not building the account
to forever, you know, Heights.

It's this simple surgical
strikes that keeps you.

And on what price is doing, it builds
your skillset and also feeds that

desire to be doing something it's
constructive because you're actually

trading with the real content behind it.

And it may be actually
increasing your equity over time.

So if you start with a small account
and here's something you might have.

Set yourself up a, um, beginning bouncing.

If that means starting, uh, you know,
uh, resetting your demo account, do that.

Okay.

And start with the
lowest bounce they offer.

I think if I'm not mistaken, the last
one I've seen for demos, like $3,000.

So at least four, four XLT D start with.

And we're getting ready to start in June.

Okay.

And I want everyone to try to do their
very best just with scalping, not

one shot, one kill, not daily ranges.

You put it the full daily range, not
swing trading and not position trading.

I want you to try your best to trade.

At least one of these four windows.

I've outlined in this teaching
at least three times a week.

Okay.

And I want you to do this
for every week in June.

And I want you to report your results
back to me by way of the forum.

And I'm going to do the same thing.

Okay.

I'm going to show you what
my results were, what trades

I took all that business.

So I want you to be able to contrast
with what you've learned so far in the

mentorship with this teaching has done
for you in terms of thinking about

how after roles through to kill those.

It's not just simply the London
open to London clothes, or

Asia's opened up London clothes.

There's other opportunities in terms
of how it expands the daily range.

And we learned in this session
how we can use the London clothes

to facilitate a scalp as well.

And when to anticipate
when that scout would be.

So, hopefully you've
enjoyed this bonus lesson.

Um, this closes this month's content
and everyone that's in the state.

I hope you had a wonderful
and safe, no Morial holiday.

And I will be with you all again,
in a live session for Tuesday.