All language subtitles for July 05, 2017 New York Session EN

Oh, right.

All right.

All right.

Let's see.

Um, you should be seeing
the Forex factory calendar.

Cool.

All right.

So you can see, um, this
is tomorrow's calendar.

I'm taking a look at
what's ahead for tomorrow.

Uh, today we have pretty much
a light calendar until around

factory orders at 10 o'clock.

So I want to kind of like, uh,
just breeze through the charts.

And I don't think we're going to
see too much of a move last night.

We had something that, uh, came
to fruition, but we weren't

looking at the markets together.

So that'd be pretty much hindsight stuff.

So I'm gonna try to avoid doing
that as much as I possibly can.

The, uh, we have an FMC meeting
minutes released today at two o'clock.

And then nine 30 tonight.

We have trade bounds for all the, so
we might see something in the Asian

session tonight, maybe depending
upon what sets up today at the close.

So, um, hang on here.

Good with you to charts.

All right.

So.

Get this over here,

get this box out of my way here.

And we are.

All right.

So we have the dollar index
came up and hit the 96 35 level.

I was aiming for.

The last time we spoke, I think it
was Monday by a prerecorded session.

I mentioned that that was
going to be a level we would

probably see, uh, reached for.

And it took until today to get
there, which is pretty much

expected on this week, the week
of 4th of July in the states.

Uh, it can cause really erratic
price action, but what I'm

really interested in seeing is.

Is there a willingness for stocks to
start going lower right about now.

Okay.

So we're on a seasonal watch list
of expecting equities to go lower.

Okay.

So we're at like the mid point of the
year we're in the dog days of the summer.

A lot of the volumes going
to start falling off.

Um, August is traditionally
the big vacation month.

Everyone puts a lot of money on the
sidelines and goes and does family things.

And they prepare and wait and strategize
for what's coming in the fall because

they want to be making the most of
their time and effort and money and

assuming the proper amount of risk
in the right things that potentially

could move well, if that's the case,
they're going to be doing things in.

To prepare for that because they
don't make the decisions on a whim.

They don't have to turn on a chart
and say, oh, look, I'm going to trade

$50 billion worth of something because
it just looks cool right now they've

done a lot of the research that leads
to them coming to the conclusion.

So we kind of like follow
that as a model as well.

Um, August is a light trading month,
which is why I want to be focusing on.

PDF file.

So everything that we learned with the
completion of this month, two in July, um,

we're all we're putting it all together.

So that way you're doing
this, don't do this, all that.

So it was a complete top-down
step by step process.

So that way you can go back through
and say, okay, I knew why I learned

all that stuff and with what you're
supposed to be doing with it.

Cause then there's some of it
you're still scratching your head

saying, okay, I've learned a lot of
stuff, but I still don't know where

the pieces fit and that's until.

It's meant for you to be aware
of it, but then not really

understanding completely until August.

That's why the 12 month course.

So it is what it is.

So the dollar index there is
going to put the questions box.

I can't see anything you're saying, okay.

We have our low

over here, the lowest down close.

Rhea here.

So it takes us right up to this area
where it was rebalanced as well.

So right above that we
have that gap in here.

Okay.

But now inside this gap, there's a
couple of different reference points.

I want you to take a notice up.

We have this high with this high and
this high right here with equal highs.

And we have this high back here.

So this high I'm going to
ask you rhetorically because

I'm not going to check.

You should all be saying what it is.

Anyway, this high was a event that
we look for that can be traced

back to a specific order block.

So to this high breeding,

What's your asking about this OHI
before this rally up was by stops,

trailed down to staffs were taken.

So we had to go back to find the point
of which it started at its rally here.

Not this one because
we had a run on stops.

So that referenced this one.

So now we have inside the gap,

we have this level here, which.

Just a bearish breaker
inside a fair value.

Got noticed almost essentially that
50% of the gap from here to here.

Let's measure that just
for spits and giggles

Ray, almost at dead.

Well, I feel obsessive this morning,
the equilibrium price point is almost.

So, I mean, highlight that for geometry.

So we have, uh, a lot of reasons
to suspect that that 96, 85,

96, 90 level could be sensitive.

So that maybe reaching for that, not
just to hitting this and going lower,

it might need to go up into this level
here, close some of that gap and leave

this portion up here of this gap.

Range open.

It doesn't need to close that in.

So I'm going to highlight that
so you can see it so away.

It'll also be there in my
charts at this afternoon.

So we'll be looking for this
kind, like, act like a brick wall.

If it trades through this, then
this is much more significant,

low, and that's the price we pay.

We don't have to demand that it's the
actual lowest, low and highest high.

We just need that meet in the middle.

All right.

So.

That's what we're looking for.

96, 85, 96, 90 could spike to 97 big
figure just to make me look stupid,

but that's ultimately where we
think it should all find resistance.

If it goes through this,
then everything changes.

And we, maybe these the longer-term
consolidation, or we could turn the

tide, which will have to be seen at a
later time, because I can't forecast

that and discount the premium rates.

And that puts us up at the
62% of tracing level as well.

So it's a nice confluence at that
nineties, 96, 85, 96, 90 level.

And it could be defending that
big figure 97 in the process.

So be aware of that.

So it's not much of a range on the upside.

Um, if we hit this and stop and roll
over, then that's all that's necessary.

But if we go above it,
that's what I'm saying.

If we go above this.

Uh, oh, here we'll need to
go back up into the breaker.

That's inside the gap.

So there's two reference
points when it's like this.

Yeah.

A couple of different conditions
and a couple of different decisions.

So it makes it once that more in
the analysis, which means there's

less probability because there's
two levels to consider this one.

And then this one, now it's not
much in terms of range, but it

is enough to make you think which
1:00 AM I going to wait for?

So let me ask you something rhetorical.

If we're looking for set up
several looking conditions to

trade on, is this one that you
would take in your trading plan?

Not that I'm not saying that
it's something wrong with

either one of these levels.

I'm not saying you need to start
thinking as we're getting close

to graduation and this mentorship.

So when we look at setups and conditions
in the marketplace, that would pose

a potential outcome higher or lower
on price, is that condition one

that you would consider, and which
would you look at this, uh, overall.

Structure of price and say, okay,
I would trade this one or I would

trade this one or would you say,
okay, I'm going to take this one.

If it fails, then I'll take this one
and be willing to be wrong twice.

Or would you say, well, I'm going to
wait for a much more cleaner level.

There's nothing wrong with any
of those on this, asking you to

start thinking like this, because.

Your steps forward past August.

I mean, we had three months of
question and answer, but you're

going to be refining your trading
plan, your model of trading.

So when we have these situations and
conditions in the marketplace, I want

you to start thinking, is this a setup
or condition that fits what I want to do?

Because in my, in my
personal opinion, we'll see.

Uh, large collective group
of you will say, well, I like

the levels when it's just one.

When it's one level, I
know where I'm looking for.

I knew how it should react.

And therefore, that's my setup
where other one, not, I'm sorry.

Other folks in this group will be a
lot more action hound and they'll say,

okay, I'm okay with being wrong, because
if I'm wrong, I knew I'm going to go

to this one and be fine with that.

They are the ones that aren't
concerned about high accuracy.

They just want.

And they can do that, but they're
not worried about being wrong.

Sometimes we're more wrong than others
if they wait for just one level.

So you gotta be thinking
about those types of things.

So the analysis, uh, for the
dollars we're looking for.

The low to offer resistance.

If it fails, then this is the
level we should be looking for.

Then either this one provides
selling pressure or this one

provides selling pressure.

If either one of these get.

I'm sorry, I shouldn't say it like that.

If the second or higher most one
gives way, then we have to reference

this as a potential turning point.

And then we'd look for the levels
down here that is bullish support.

All right.

So we have the Euro pounds
still in a heart attack.

Um, can't get a, a clean
reading looks like.

Betty kg, the, uh, the range still.

I like this up here.

I really like this, this little
pocket of price action, where

I think they'll fill that in.

And we have a little bit of sell
side liquidity resting below here.

And of course, Bailey's going to
play with a little piggy now, ICT,

you're really running a circus act.

Here is not professional here.

All your dogs in the background.

This is not in that.

It's all part of the ambience.

All right.

So the Euro, uh, we're trading
a little bit further into this

area, which I didn't want to see.

I wanted to act, I want to
see this act as support.

So we have potentially this whole
entire range could give way and need to

come back to this old height, which in
this case, Uh, would it be beneficial?

I mean, it doesn't have to, um, stop here.

It'd be better.

Had it done it.

If it gets down to 1280, that gives us a
range of, you know, the right chart here.

These next two months, folks
are going to be interesting.

Cause I have not only.

My pups.

I have to keep it, uh, keep an eye on.

Cause my wife's simply not
going to be waiting around the

baby says she does her things.

The kids are also home team.

Some dodging the normal outbursts
that he has my Nerf gun.

So we have optimal trade entry in here.

Uh, OTE lays right on top of this
down closed candle right there.

So let's play devil's
advocate for a moment.

Say we lose this entire
range here and go below 1280.

This is the, uh, closure and the
gap as well between this candle

is low and this candle is high.

So we have a fair value gap in here.

If this.

Border block does not send price higher
than we will be looking for this to

go lower, which is probably obvious.

And of course it would be Michael.

Well, not necessarily.

It could go down to blue here just
below this low and then rally again.

But I think personally, we
should see 1280 offer support.

And again, that's in line
with what we outlined for.

For a potential move up and do this
a second theory level for resistance.

So let's keep that in mind as well.

Um, I'll talk about this in a minute.

We went, when I close towards
the close of the video.

And cable, I think Nazi 28 60.

Now it's got its gap in here.

Still think close this down.

We don't need to see that anymore.

And I'll put this here.

Yeah.

Say hi.

1 28 62.

All right.

So we got a 28 62 downside
closure on this range or void.

If this gives way, we have a small
little pocket of fair value rate in here.

If we lose it in a way, I kind of
hope it does because it will get

me that run on the bureau panel.

I want to see that range up in
here, Phil, and that would do that.

But back to cable, if we bounce at 28 62,
That would be a nice area to find support

to rally up and go for a Ronald net 30 55.

So this week's range, I believe we'll see.

33 55 as a high objective running
through that, like 30, 65, 30, 70.

And on the downside, I think the
lowest on the range would be.

The 27 60.

So which side of the
marketplace we reach for first?

Honestly, I don't know.

Um, we'll wait for either one of them.

Give us more insights about what side
of the market they're gonna reach for.

It is still a shorten week
because of the holiday.

Um, there is the tendency to act
erratic because of the fourth.

Tipping point.

It usually can happen in
this time of the year.

So either when I'm okay with, um,
if it runs up first, I'm not looking

for it to sell, to go down the here.

Let's put that in perspective.

I'd rather see it go down
here and then make a run.

Because if it goes down to here, what's
going to happen is naturally everyone's

going to say, okay, well this is a double
top, so let's get short and no, cause the

backdrop is we've had sell soft bulkier.

They got ran out.

They got round and got here.

Everybody got filled.

And then rallied.

So we, we might have to, uh, you know,
reload and by coming down to this level

here, that would give us a really good
set out for a longer-term move higher.

And let's get a view on fair
value on this one as well.

Boom, look at that 62% retracement,
all the labels rate on that,

I'll make a course about this.

So if.

See that that's a overlay on fair
value and apple transferee that level.

To me, if your one shot one kill type of
guy or gal, um, I'd like to, uh, you know,

pull out the guru rocks and burn some
candles and wait for this thing to drop

down in some mantra, uh, you know, prayer
session that we go down to here that

this, this candle's high at, uh, 27 62.

Uh, no, sorry, 27 61.

So it could spike the 27 sixties
around number around 27 65.

I think that's a good level to reach for.

If it trades that level,
I'd be nice to buy.

Uh, and the reason why I'm saying
26 65, 20 something, I'm sorry,

27 65, 27 70 is because we also
have this whole business here.

Watch how these things overlap.

Ready?

Watch.

We have two down close
candles, which makes.

Large or a block that's bullish.

This candles opening comes
in at 27, 79, roughly 27 80.

We also have this whole drop down,
which took out this entire cluster of

lows, which would be residing below
that cell stops they were taken.

So we see this as a bullish break.

Right in here now, which one do we use?

Because we have all these wicks and stuff.

I'm just going to say right here.

I like this body, this
candle's body right here.

And look what it does.

It it's encapsulated by
this range of fair value.

So think about all the things that's
being shown here, all kinds of Creole.

I say that facetiously because I had
that guy video removed from YouTube.

Anyway, the, uh, I ain't gonna
say his name just because I don't

want it in my, my work, but I'll
talk about it after the recording.

If you guys want to talk
about some things we have.

Bullish breaker right in here.

I'd like to buy this candle.

It's inside of the fair value gap
and it's got a bullish or block

and its optimal trade entry and we
expect these levels be wiped out.

So that to me is the one shot.

One kill set up that come
that could come to fruition.

Now let's play devil's advocate a
little bit further with this one.

Let's just say this thing just
messily drops, lower and drops lower.

And finally gets down to this
point here and it's Friday.

Do we do anything with it?

I believe this one's worth taking
and carrying over the weekend.

If you get it, if we get this, I think
it's something that we could take and

hold, but you're still texting me,
Don, my session, please don't do that.

But.

All right.

So I think this is a nice buy.

If we get down to a 27 65, 27
70, um, you know, obviously you

got the fact that it's spread.

They'll probably put you
at 27 80, not big deal.

Uh, your stock would have to be
below this candles low, and we'll

just call it twenty seven oh five.

So let's do that.

That's outline it's that way it's in.

That way I go on Twitter and
tell her by how smart I was.

Again, I don't have a Twitter focuses
on being bad again, and that's set up, I

believe it's going to happen this week.

Now it could never get down.

It could just simply never trade that low.

Okay.

Now you just saw what I just did there.

I used a four block as
the beginning point.

Why didn't you get on a swing low Michael?

Well, if this is going to be where it
rebounces, because it's this a fair value

guy and it's a bullet shore block that
might be all that it requires to go lower.

So now we can apply Fibonacci
retracements to those reference

points to their anchor points.

Now, I didn't think I was
gonna learn something today.

Well, you just did.

So when we have failure gaps, if
we see them active in support, why

would you need to always go to a.

You can now apply it to things like this.

And then we have a new science and
technical analysis applying fair value

gap, which will act as real natural
support resistance versus runs like this

below the low, where it creates that low.

Yeah.

You can run fits from that, to that.

Everybody, all the school boys in school
of course are doing that over a baby pips.

You're graduated beyond that.

So now we understand if this, where we
see price retracing, we can start our fit.

Okay.

And while it may never trade there,
that's a logical area to act as support.

So support is what you draw
up from to get retracements.

Why is it not being used here?

Because they don't know it.

They don't understand it.

So by applying it to the gap and the
order block projecting out to the

high, you get this area right in here.

Look how that 62% chasing level
lays right on top of the 28 62,

which is the top of that gap or
the bottom of the gap is remaining.

See that.

So now we have a couple of different
price points to look at 28 62.

I like it a lot.

If it fails, no big deal.

I'm even more excited about this one here.

So then I have two stages of levels that
we have to watch high risk, not high risk,

like it's not worth taking, but it's high
risk in relationship to what's down here.

This one, if we can get down there,
holy cow, I will be going into as long.

I'll be on the leaderboard.

Let's put it that way.

That's where, that's
where I think it's going.

So I really want this set up.

I want this buy.

If I can get that, then, uh, my life, my
life of council starts seeing some life.

Um, this one here I might do where
very small position, but I'm okay

with getting stopped out, knowing
that I can reload down here.

Okay.

So, um, I wanted to talk a
little bit about a year ago.

Because I was obviously among friends
and family yesterday, some of which

I really was, I wasn't around,
but, uh, you know how that is?

I'm sorry, I shouldn't talk like that, but
I'm, I'm honest, you know, there's people

in your family just like, man, I got.

Again, he's going to want to talk to me
about things I don't want to talk about

kind of like some of you guys, when you
come to the live sessions, you want trade

signals and I'm sitting there talking
about Bella and Bailey and they're

two toys squeaking in the background.

All right.

So the, uh, there was a specific
reference point reading here.

I'm going to look at, and if I can get
this truck to drop down to five minutes,

Let's maximize it and really
get a good view on it.

And I'll scroll over here.

What was already done that, right?

It didn't.

There you go.

So I was among family members
yesterday and of course Nancy,

every time I get around.

The first question is, is how
much money you make and now,

you know, what are you done?

What are you doing right now?

What's a good stock to buy what's,
you know, what's gold and silver

going to do, should I buy this?

And should I buy that?

So it's really never a relocation
for me, you know, I'm, I'm always

being inundated with this stuff.

So naturally one of my, uh, uncles,
he has, uh, a son that I'm not too

close with, but he's like, look,
you know, why don't you teach mine?

My nephew had a well at my, my son
had to do this because you taught my

nephew, which is one of the closer
cousins of mine that I have actually

tried to trade to teach the tree rather.

And he says, look, you know,
why don't you teach him?

Like you did so-and-so.

And I was like, well, I have
really no time for this, but you

know, what do you want to know?

And I'll try to give you some pointers.

He said, what are you doing right now?

I say, well, I trade for.

And he says, what is that?

I said, it's currency.

He says, oh, is this
primarily just currencies?

Okay, can he do it?

And I say, well, anybody can do
it, but can he do it properly?

That's the question.

So here's, what's what I want you
to do, teach them how to make money.

I don't want him losing any money.

I was like, well, I can't do that.

You know?

No, one's able to do that.

And I would subscribe to that guy or girl
that can teach without having to lose, but

I can show you some things that line up.

He's like, well, show him that,
you know how to do it, got going

here right now and do something.

I said, well, it's kinda like 4th of July,
you know, what, what do you want me to do?

He's like, well, just do
something, you do anything.

And I was like, okay, well,
let's take a look at the Euro.

And I was looking at the Euro.

I said, look, you know, this
is, this is what price is doing.

I want a five minute chart because
I had to show him something.

I said, price is going to run.

It's going to go up and we'll
probably see it go up to a year, 1370.

And he's like, what's the 1 13 70.

I said, well, it's this,
this level of here.

I drew a line on his, why,
what makes you think that?

I said, well, I think that, uh, everything
acted like a ceiling up here and there's

a little high up right here in any months.

They're going to have a stop loss that
protects their position right above there.

Now I didn't go into great detail
about what makes this a fair value

gap, because that's what it really was.

But the long short, shorter is I said,
look, I think it's going to go up there.

And if it goes up there, I think that
would be a good point to get out.

And there's lots of trades
that make a lot of money.

There's a lot of trays that give you a lot
more range and stuff, but you're putting

it on and putting a gun to my head.

And do something right now, like a
look, a trained monkey, you know, so I

made a quarter and I'll dance for you.

So I just said, okay, look,
we have equal highs in here.

St.

Scenario up here.

There's a bunch of binders.

I think they're going to run those,
but generally there's two ways to play

it, run the buy orders to stack and
build more, to run to a higher level,

and then use this as a springboard
for more buying, or they can run above

by stock to take that in reverse.

I felt that they were going to
come back up here and rebound.

And that was the idea that now
just did three minutes real

quick in front of everybody.

And when I arrived, I wouldn't say
look into this like a party magician,

but I said to my cousin, I said, look,
you can do these types of things.

I don't like to do these things, but
you can do it yourself and trade like

this and do a couple times a week and
do more than you earn at your job.

No way, no way.

No way.

I can't.

You can't do that.

I was like, okay, well, yeah, you can, you
can do it, but you can't do it right away.

I told him, I said, we're
going to run above here.

And I simply put a buy stop order on.

And I was buying one to stop.

And I said, if it runs above these
equal highs, I will buy that.

It will get me and going long.

And then I'm going to wait for some
measure of retracement and then

I can move a stop loss, stop to
protect it and wait for it to run,

to go up of this short-term high.

And if I'm not mistaken,
let me go over here.

Give me a second.

I gotta switch it over to the screen.

um, that's not it.

Hang on.

Should be a website chart.

Can you guys see that?

Okay.

So I had had this.

Fair value gap in mind.

As I was talking to them, the
equal highs in here, the buy

stock was filled right about here.

So buying on a stop, which you
guys haven't seen too much to be

doing, but you'll have rules for it.

Then the first retracement down and then
rallied away that gives you a reference

point for stock placement, Shayla,
stop-loss up and then reach for here.

I actually have the,
uh, the screen cash off.

I'll put the link on it.

You guys can go.

And it's just like the.

And I'm by whatever this stuff is here.

It's the actual link.

Yes.

Screen cashier, where it
had my stop loss or delimit.

What getting out now, I know I'm
sounding like I'm making a big deal

of all this stuff, but I do this
to show you that I'm not personally

trying to actively trade on forth.

But I had family members asking
me, Hey, can you do this?

Can you do that?

So it's not like I'm on Twitter or
on America online now, marijuana,

uh, Facebook and YouTube do this,
do this proof, proof, proof.

I mean, they see me not working.

They see what I drive.

They see where I live.

They see, um, you know what I do,
but they still, they have to do it.

They gotta have that cookie that,
you know, let me see it done.

You prove to me.

And you know, it wasn't that much of a
move, but it was a little bit of a range.

But look at the reaction
up into that level.

Right here.

And then let's go back and again,
I'll share this also with a chart that

has the actual orders you can see.

I actually did take the trade, but
the, uh, scoot back over to Euro.

He went right back to, excuse me.

He went right to the bottom of the gap.

Great.

At the bottom of the gap.

Okay.

There's a lot of talk about, you
know, supply and demand stuff,

how accurate it is and all that
stuff, nothing gets this precise.

There isn't anything, or anyone
walking the face of the earth that

gives you this level of precision.

It doesn't happen.

That's where I got out.

And then overnight look at it.

Did it went right to it as acting as gap
support, which has got resistance for

selling rate to it, boom and sells off.

That's phenomenal.

That's crazy.

And I gave them.

The 1370 level yesterday before
the fact, right ahead of all

these pies being taken out.

So I say this to say, not showing off,
I'm not showing off, but the, uh, the

point is there's always setups out
there just because my frequency level

of trading is very, very low it's mainly
because I don't have the time to focus.

Um, and I'm getting.

Questions.

And can you, can you, can I call you
and ask you a couple of questions

or can you help me with this?

Can you do?

And I'm always all day long and
most of the evening it's going on.

I wanted to set like hours to
it, but even when I'm around

my family, that stuff goes on.

So I say this to tell you, when
you complete the mentorship and

you start getting consistent
and you're doing really well.

If you want your time to be your
time, don't talk about what.

And it's gonna be hard for mostly
you, cause you're, you're going

to be crazy, like excited about it
because you're gonna be living in

your dream, doing what you want to do.

And it's going to be a second stream of
income or a complete new income stream

where you don't have to do anything else,
but just this that's going to be based

on what you do in your learning and how
you work towards using the information.

But if you talk about what you do,
you're never going to be away from it.

And it's not say this it's,
it's healthy to be awake.

Yesterday.

I was looking forward to
being away from everything.

Like I wanted to be completely unplugged
and I still couldn't be unplugged.

And it was just like, you know what?

They tap you on the shoulder.

And here's my family, you know,
the ones that criticize more than

anybody, more than any trouble.

And he see how I live.

So if they're asking
me to do something the.

Man in me that feels like they
have maybe the person in some

of the state all the time.

That's what it forced me to do when I
should have just said, Hey, look, you

know, there's nothing for me to do today.

I shouldn't be doing anything
today, but because I was more or

less challenged, but not directly,
but that's what I was being done.

Uh, I acted on it.

So while I was right, I was
accurate and it was a profitable

little do Hickey have a tree.

I should have said no.

So what I did was I actually gave into
emotional stimuli where I shouldn't

have, and this could have potentially
caused me to have a small loss.

And if it would have done that, it
would have been killing me today.

It would have been killing me.

It would have been bothering me, but
I'm telling you, even though that it

worked out, I wish I hadn't done it.

So.

The question came up, that we scope,
you know, why is it bad to show off?

Or why is it bad to have, uh, you
know, I think it was show off.

Why is it bad to show up?

Because it's a stimulates more,
an interest for you to do that.

You get a release, a
serotonin and it feels good.

It's kinda like that.

Feel good thing you get when you put
a video on YouTube and you see the

likes, I don't care what the likes.

Um, you put a tweet on Twitter and
how many files, you know, how many

favorites you get or retweets that
it releases chemicals in your body.

Just like when you get a winning trade,
it gives you that release of chemicals.

I'm addicted to that.

That's me.

That's my problem.

I have an addiction to that, cause it
feels awesome because most of the people

I live around, you know, they have.

High paying jobs, they go to, but they're
gone all day long and they just tell them,

you know, they tell my wife and tell my
kids about your, your dad and her husband.

He said, someone's going all day.

You, what does he do?

We don't ever see him doing anything.

Well, it's none of your
business, what I'm doing.

Number one.

But the point is this, you don't
want to be creating things, condition

that you rely on that stimuli.

You want to be building your
trading plan to get to feeling

good about doing the process.

And it's hard.

It's so hard.

I still have not mastered that because
I'm so used to and addicted to the stimuli

aspect because that's how I started.

And that's the reason why all of you
have a greater advantage over me.

If you chase that stimuli, if you
chase that, superstardom, if you chase

that, I feel good because of this.

You're going to follow the same rules.

It's just going to be a
shorter road than I did.

I went through a very long painful
road of it, but you're just ended

up in the same situation where your
E your emotional and psychological

and physiological stimulant that is
released by these exposures to, to risk.

And when it works in your favor, you
chase that instead of chasing the

process of following a plan and sticking
to that, I should have never did that

trade yesterday in front of my family.

But I did it because of who I am inside.

Not because of what you see
outwardly, that's been shown

through teachings and tutorials.

And I says, the person in me that feels
like I have to do that to prove, to prove.

And then I know if I am right then I
can stand on my high horse and that

is still, and look down on everybody.

That's not a characteristic trait
that you should be aspiring to.

Some of the younger guys in this group
are actually starting that whole journey.

And I warned not to do that, but
you're still doing it and I know why

you're doing it because it feels good.

It feels provocative.

It was awesome.

It feels empowering.

But when you get like me and you're
pushing 45 and a couple of weeks,

you look back and it's foolishness.

It's I wish I could go back in
time and I'm gonna say this in

closing, because there's really
nothing to do outside of the day.

Um, our discussion here, I gave you the
levels I'm looking for for this week.

Um, in closing the, I wish I
could go back in time and undo all

that because I believe at number
one, I'd be a far better trader.

I feel far more balanced emotionally and
psychologically about how the markets

push me around still psychologically.

Um, I don't want to.

Give the impression that it's
fun to do what I went through.

And like I knew somebody who said, well,
I want to go through the fun stuff.

He went through and avoid all the painful
stuff, because I think that'd be great.

No, it's not, it's still
the wrong way to do it.

You need to be getting addicted
to following the rules.

And that's something we
don't like to do as humans.

We don't want to do those types of things.

So if you're feeling those impulses
to do that, You have to find a way.

And here's the thing, I don't know
the answer to it, but you need to

find a way not to do those things.

You have to be rigid about following
your rules, following the process.

And some of you were saying,
well, what are the rules?

Well, you'll get more of them.

This.

You know, for finding the big, you
know, the big trades from eager

every asset class, and then next
month, that's the whole business.

That's what we were down to the brass tax.

It's this is what you do day by day.

This is your daily routine.

This is your weekly routine.

This is what you do on a monthly
basis, a quarterly basis.

What you're looking for, how you
keep notes about what your setups

are going to be, how to break down
the marketplace for swing trades,

short-term trades day trades, scalps.

How are you going to act on it?

What you're going to do and
weigh out all those options.

It's a lot of.

A lot, a lot of stuff.

And after August, most, if not,
all of your questions are going

to be answered, it's done.

And then it'll be a couple of different
fine, fine tuning questions about, okay.

So if I do this, I just want
to make sure I understand this.

And that's what it's all going to be like.

And then in September, You know,
we're going to be sitting down and

getting ready to do the whole top-down
analysis for the equities market.

So we can pick out what
the strongest stocks are.

And it goes through the commodities
markets and do those same things,

everything that you're going to
be actually learning over the next

two months, we actually do it.

You actually see me do it in a
prerecorded video where I'll sit down

and go through the whole process.

I'll talk out loud, everything
I'm doing, I'm doing it.

And I'll probably have Cody in, in, you
know, kind of like in the conversation.

So it gives me someone to talk.

Uh, kind of like explain this is why
I'm doing this, because if I don't

do it like that, I'll probably skip
over some things because it's just,

I've been doing it for so long.

I don't think about it.

So I kinda like want to use him.

So you may hear him talk in, in
those September presentations,

but, um, that's the direction.

That's where we're going.

That's what it's going to be.

And in October, November, we'll just
end it with, uh, any fine tune, uh,

questions or whatever I will be treating.

Um, London and New York sessions
in front of you folks, that's

outside of the mentorship.

That's not part of the mentorship,
uh, because I want you to see

how I use the information.

Um, but, uh, you're also going to
see that I'm not training every day.

You actually see why I trade once, maybe
twice a week to set up, I'm looking

for the way I outlined the cable.

That's what I'm looking for.

That's the setup I'm looking for.

So I got a couple of questions over to.

Oh, I'm sorry, the weekend, you
know, what's going to be taught.

Are we gonna be doing any of this?

I mean, going, doing that.

Yeah.

It's a lot of content and
I had to get through it.

So you'll have everything that makes
ICT tick internally about technicals

and the setups and all that stuff.

But the main takeaway is this
you'll know what you want to do.

And where are you going to go?

I mean, it's, it's a phenomenal
amount of information on it.

It's fun.

Number one, it's fun.

And you'll save me a lot
of questions and answers.

When I post the video, we actually
breaking down the stock market,

which stocks I think is going
to move the commodity markets,

which ones are going to be moving.

And then ultimately what currency moves
are going to take place the last quarter.

And then we'll watch it come to fruition.

And then you'll your, your confidence
level will go through the roof.

You'll feel empowered and you'll also
look back and say, okay, now I know.

I don't need a whole lot.

And I waited the majority of this year
until the mentorship portion was done.

And then I can grind up that
Robin's contest and you take the

leaderboard over and that's that.

And I'll go on YouTube and do a
victory lap at the end of the year.

And that'd be my last exposure
to ego because I have to do that.

And that's just me.

So that's going to be it for today.

Um, there is.

Hang on here.

One more quick look across the board here.

Yeah, let's do a real
quick look at a dollar CAD.

So we took out our Lowe's,
who we were looking for.

We aimed for it from back here

and let's see what that low was.

29 69 to 20 at 29 69.

What's our target we'd reached below that.

It did that.

The low so far has been wanting nine,
12, so nice little move below there.

I do believe we'll probably
see it on to rally up.

Um, we have a gap in here.

But I'm not thoroughly convinced
that it's going to go all the

way up and close into that.

So 1 31 big figure could be a level it
may reach for, I'm not saying it's a buy.

I'm just saying that if we get
up in here, 1 31 might be the

ticket set is about the means not.

It gets to the mental
equilibrium range on this.

And when I'm measuring here is
this little consolidation and all

this balanced range equilibrium,
and let's get that on our chart.

So, yeah, 30, 19 31 big figure.

I think that could be a level.

If it gets to that level there, that may
be a nice sell and we could be reaching

for fair bay gap below here and the
south south resting below there center.

We have a nice, nice continuation lower.

And again, that's, if we get the
rollover on the dollar index.

On either of these two levels of
out loud, the earlier in the video

and that's going to be it.

Um, I will do a hang on one second.

Um,

GBP cot data seems at
strain commercial short.

Could you please go over in daily?

I think I look at it here.

I'm not sure if he can hear it,
but Bailey is trying to show Bella.

She's a big girl now.

Hold on one second.

All right.

So apart from anything crazy, you
have any questions before I escape.

Um,

I don't know what's going on.

Bar charts.

I haven't taken.

Someone a stain it's GBP is
stuck on the 19th of June.

I'm not sure, um,

mega trades or all of the asset
classes and all of the, uh, like

we look at commodities, we'll be
looking for the strongest metal.

We'll be looking for the strongest, uh,
meet the long, uh, the strongest grain.

The strongest, um, food like, uh,
coffee, sugar, orange juice, Coco.

Um, what we're doing is we're actually
going through all the relative

strengths and picking out the strongest
moves or the weaker moves because it

cause it could be a weaker mood too.

But, uh, the same thing for the
stocks, we're looking for the strongest

industry groups sectors in that group.

And then we're looking for the strongest
leading stocks and we're going to do the

same thing with index stocks as well.

Um, you will have a complete immersion.

Uh, every asset class of every
facet of, of, of, of what makes

me love these markets and why I've
been so passionate about it and you

going on 24 years, it's crazy, but
it's amazing how fun you'll find.

You'll never probably do all these asset
classes, but it's so fun to do, you know,

when we go into the fall months, it's.

That's an exciting time.

I love that time of year anyway,
but as far as the markets go,

it's the nicest time of trading.

It's the greatest time of trading is
so much reason for it to be moving

around and it's good to trust it.

It's nice.

It's a good feeling to trust it,
which is why I started the mentorship.

You know, when I did September,
I knew we'd come out of the gate

and my technicals will be dead on
and we're getting to go into that

same time of year, time of year.

And it's awesome.

So yeah, we'll be talking about the.

Um,

there's a lot of information exposed to
so far, and there's a little bit more,

you'll see this month, but all of August
you'll know exactly what you're doing

with all the information and when and
why you basically got all the ingredients

been given to you month by month.

You actually get the recipe for it.

Some of you, uh, you look at these,
uh, teachings and thought they were

complete down stand standout standalone,
but they're not they're fragments

or fractals of the greater whole.

Are you going to teach future and options?

Yes.

Futures and options.

Uh, dollar index, as strong as you don't
answer to go lower beginning of July.

However, we were already deep in discount.

This is where you nothing worries me.

Um, Except for it being inundated
with a lot of work around

September, that would distract me.

So that's why I'm trying to do
my best to make sure all their

questions are gonna be answered,
uh, between this month in August.

So that way I can just
do it in front of you.

Um, yes, I was just thinking
about the same thing on our list.

A year has flown by this mentorship has
flown by we're in the last two weeks.

All right.

So, um, North Korea, um, I don't
know, to be quite honest with yet.

I was wondering why we haven't
done something already.

So who knows what they're doing?

The, uh,

can I tell you how to keep moving when you
are having a period of not making money?

Can you tell us how you keep moving?

Even when you have a
period of not making money?

That's what your journals
for and when you're right.

Like, I, that's why I get
excited about the fall.

I know historically I'm very, very
accurate in these months that are

coming up September, October, November.

That's like the sweet
spot for me for trading.

And because I've been doing it
for so long, I stay motivated

because I know seasonal.

And historically that might
concepts work very, very well.

And it shouldn't be of any
surprise because it's based

on what smart money is doing.

So when's the smart money going to be
most active those months of the year,

because they have to be pushing to
get their, their targets where their,

their year income they're there.

You know, all the markets are being pushed
around to get to the end of the year.

So there's no reason to feel
like, you know, well, I'm

not making money right now.

Well, all those things you're
feeling right now, they're on the.

And they're all

newbie feelings.

Not that you're completely a newb, but
it's a newbie feeling to feel that way.

Once you've done a couple of years
of seeing this stuff over and over

again, you lose all that fear.

You lose all that excitement
about it, um, to the point

where you're losing your mind.

Um, and you stay
motivated because of that.

And again, every day is not an
opportunity for you to be in there.

There's an opportunity every time.

But it's not an opportunity for you
specifically and uniquely you every day.

And that's what makes this stuff hard.

Each one of us are going to have
simply totally different perspective

on all the tools I'm sharing.

You'll have a game plan based
on what I'm teaching you.

That will be different from say 20, 30
different people in this mentorship.

Um,

I'll cover the stock option stuff.

When we get into that, John, uh,
why did you choose that breaker?

And, uh, the one directly out of
the high on dollar index, which

also lines up with the gap, don't
know which one you're talking about.

Yeah, in August, I'm going to give you
all of my empty four indicators that I

use in like, There's a couple of them.

I'm looking at still, I'm going to share
them, but I'm not actively using them.

There are some things I'm looking at.

Some people have made some things for me.

Uh, found some things on the internet
that I like, but everything that I

have that I use for empty for purposes,
um, you'll have that in August.

It's not, it's not a ton.

It's not a lot of them now.

Um,

just about the breaker
currently marked out.

I guess I would be better if I could
see the chart it's boxes in my way.

Hold on one second.

We shrink it up.

Um, the recipes are going to be how
to, uh, cook whale and lion and little

did he call the simpleton gumbo?

All right.

So.

Yeah.

If once August payments to say, you guys
know real quick, before we say it, the,

uh, the monthly payment that's made for
August, once that's done, you should

be, you should be 12 months in, okay.

12 months payments should be paid.

And after that, you guys have
access to the PDF files and all the

actual stuff that we do in the fall
questions answer and any updates I do.

And.

Reviews and I'll pop up here on a
weekly basis, starting in February

next year, I'll be throwing
something entirely different.

My YouTube channel is going to get
active again in October, but it's not

going to be none of this stuff you're
learning, but I will be applying

weekly stuff to you on a weekly basis.

There'll be just a one
ongoing thread that I can.

That just has a new update, same
once a week where I kind of like give

you where I'm looking for the week.

I'm not going to be sitting
here daily day trading in front

of you or trading at night.

I'm just going to tell you what I'm
looking for for that week done fold.

And you guys will have all the
information, the trade that on that

accordingly you'll know exactly what
you should be doing based on that.

And some of you will say, well,
I'm not going to take that trade.

I'm going to do something different.

Some of you may even want to fate
that it's all entirely up to you,

but you'll have the tools to do.

But, uh, hang on, hang on, hang on.

Let me see here.

But yes, at the end of August, the
payment that you make in August

should be your 12th payment.

You should be not, you should not be
keeping your auto payments on after that.

So you've got to turn it off.

As soon as you change your payment
processes and you knew that the funds

have been taken from your bank or
credit card, go into PayPal and click.

Uh, your profile and then cancel
automatic payments to in a certain trader.

And once you do that, you
never get rebuild again.

If you need assistance with.

I'm asking you all not to do this.

Cause it's a lot for me to go through.

PayPal is such a slow cumbersome website.

I got to go through all kinds of
hoops to get through that, to get

to your profile and in cancel.

That's why I asked you all.

If you are leaving a mentorship, please
do that because it's a pain in the

rear end to go in there and fix it.

And some of the members actually
forget to do that when they

cancel and it rebuilds them.

Oh, he's billing me again.

I'm not billing you.

I can't take money from your credit card.

You're the one that supplies
it to PayPal and leave.

So at the end of the mentorship and
August, make sure your payments once

August payment has been paid, go into
your profile and just cancel the automatic

payments and it'll never be billed again.

Um, I'll remind everyone of you when
it's, when I received everyone's payment,

because there's usually like two and
a half weeks after all the payments

come in, where nothing is expected
to come in and all, cause they still,

some of the state you're in once all
the payments have been received for.

I'll let everybody know, go in
and cancel your profile now,

does that makes it easier?

Alright.

Um, yes.

You have to sign for August to get
into the September questions to

answer and the maintain your access
act activity and access in the group.

So there's still a satisfaction you
have to do for August to continue on.

Um,

I have three people, no, have
four people leave this month.

One of them, she was very excited about
what she's learned and she's competent.

She's okay with it, which I was surprised,
but I'm not trusting them right.

Arm, do what you got to do.

And the other three, just, they just
left because of whatever reasons.

I don't understand why you're
leaving now, but it is what it is.

Everybody has their own reason.

Um, what about the people
who joined in January?

Do we have to pay for September, October,
November, December, you will not.

If you started late and you
don't have 12 payments in, you

will not have the PDF files.

That's all part of the terms of use.

And everyone signs that.

Um, if you didn't get a satisfaction
or continue a intent to continue

emailed to you to send an email to me,
that inner circle trader@gmail.com.

Cody, we'll get to you
this afternoon with that.

You want the point was

all right, what was I going to go south?

I was going to say
something before I closed.

Forgot what I was gonna say.

Um, the PDF file is a complete
top-down analysis where if it

was, if, if I put the PDF out or.

A file-sharing program and made it public.

Nobody would understand it.

You all will understand it because you
know, certain things and the jargon

and the things that lead up to it.

But for the most part, the general
populous wouldn't understand it.

So it gives you a way to
break down the marketplace.

Top-down from whatever, from whatever
style of trading you want to do.

It will help you do that from
the beginning to the end.

All right, folks, this a
wrap on this session, I will

give you a daily recap today.

It will be up by 3:00 PM.

New York time.

Next live session is 8:15 AM tomorrow.

And until then wish good luck.

Good trading.