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Back in the Saddle Again all right so we're looking at the weekend edition for January 9th

2021

This lesson

We're going to be talking about factors in avoidance

Obviously we're going to be looking at the dollar next euro dollar in cable

But I want to teach a little bit and talk a little bit about

How I

Determine whether or not is

Market that

Generally like to follow but I'm

Keeping my hands off

Now obviously you known for

A number of weeks and months now I've been avoiding

Cable

I'm going to show you some of the things in the chart

That led to that determination

Despite it moving

Sometimes

Like we were looking for it

That's not enough for me to say

Well I've changed my mind and went now start trading it I'm going to show you

Certain signatures in price

Help

Me

Avoid trading that particular pair

And why our Focus was primarily on that of your $1

All right so we're looking at the economic calendar for the week to come

On Monday we have

Medium pack for Canadian dollar at 9:30 a.m.

Bank of Canada business Outlook survey and ECB president

Speak

From even impact

For Euro

About 10 minutes after that on Monday

On Tuesday

At 5:00 a.m. GBP has medium impact

Speaker

Then Wednesday at Norman open 4:00 a.m.

You're a dollar has a medium impact

Speaker

And at 8:30 a.m. dollar has CPI

And on Thursday

We have unemployment claims

Meeting packed with a $1:30 a.m.

And at 12:30 p.m. high impact Fed chair Powell speak

And Friday at 8:30 a.m.

I am packed dollar

Core retail sales

All right with that let's get into our lesson and commentary

Right so we are looking at the monthly charts I'm going to try to be referring to this

Not every single time we do a video obviously but when we start a new month

How the first lesson in that month or commentary for that

Month of the year

Bring in the monthly chart so that we will be able to refer to specific things

That this time frame would

Present

The weekly chart will always be

In the commentaries for now on

And then obviously we will still work within

Realm of the daily

The one hour and 15 minute charts respectively so

I also want to remind you that as we go into this New Year I'm going to be giving you the lipstick

Right away in this video cuz I wanted to be a little bit quicker

Cuz I'm doing all this jaw burning

But

Every video after this

Particular one

I want you to try to have your annotations in

Your chart before you watch mine

Okay

Usually you see me doing very light annotations

And

I'm drawing your attention to certain things

And while I do personally believe that that is the best way to do this

From educational standpoint

It does weed out the lazy but

There's also some folks that are coming through

And they're in my three or four or five and they start feeling that pressure

Yeah

I'm running out of momentum I'm running out of inspiration

I see the stuff

Being taught

And I see the things I'm forwarding in the chart but I just can't resonate with it yet

So this year

Over the holidays

Made a decision I was going to

Provide a little bit more

Of what it is that I like to see

My annotation is not clearly

It's not everything because

In my charts I'll make reference to certain things that I'm not going to divulge

Publicly that means even in here

And what I mean by that

Like orders that I would take for a trade areas where I would use my stop

And where I would take my initial

Profit scaling out and things like that

A framing my actual trade so you're not

Entitled to that

And because I don't run a signal service and I'm not trying to give you trades

That was not what you signed on to you signed on to

Learn how to read price action which will at some point

Take you to a Crossroads

And you'll determine whether or not you want to

Voyage into

Life treating at your own discretion not by anything that I would

Instigator

No I don't say okay now start treating my funds so

Without saying anything more and boring you just know that

The annotations in the chart will be a little bit more richer as we go through this year

But we're going to warm up with very light annotations because of the time of the year

As I mentioned on my community tab on the YouTube channel

At reminding those that are here and also providing as a free service to those that watch and read my community tab

The January generally is a month where everyone on the institutional level they basically do a lot of

And they do a lot of analysis

And sentiment reading and tried to determine what

Next intermediate term Trend May develop

Okay or which

Immediate term Trend may be ending

Okay so it's a matter of

Being flexible

All right so

I will talk a little bit about that but mostly

Leads to me

Avoiding a particular pair

And what things

Should be in the chart

Or what things that are in the chart

That lead to that

Determination on my part

So hopefully that will help guide you

Just know that this isn't a lesson where

You watch it one time you like oh yeah I know how to do that now

It's not like the last of closed candle

Is every order block

Just the same thing you can't just take one lesson like this

And walk away thinking you understand everything

It's one of those things that experience is the best teacher

It's a monthly chart for the dollar Index

Okay so we've seen how the market came back up and hit here

Are we already outlined all that we anticipated that nonetheless

Not on the basis of it being this particular level but I'm bringing in

The levels from the hard time frame that led to a lot of the things you heard me say

I would pass a few months

We have a rejection block

In here which is the last down close

Candles closing price

Then we have the salsa liquidy pool resting below this

Monthly low

We have yet to trade down to the right direction block so we'll see if it wants to do that at a later time right now

Now it looks like it may want to

Dig into this

South Island balance by side and efficiency a little bit

Does it need to come all the way back up to this candles low or even revisit this bearish order block

I personally don't think so I don't think

The case

We had a lot of events happened last week

In the US

And

That has sent some

Concerns

Throughout the markets and

Sentiment is not clear

Okay so what will happen is the central banks will start shaping that sentiment

With price action

So

While I'm still bearish and I'm looking for a run below this eventually

And in targeting this volume and balance right here you see that

So I'm looking for this

Over the course of the first

6 months

No that's a lot of time Michael

You're saying it may take 6 months to get down here

We may have to go into a period of consolidation for a month or two

Because of everything that's been going on

Us elections

Invasion of

The Capitol building

All that business

So

There's a lot of things and a lot of narratives that

Presently on the table and I'm not

Sure which one they're going to run with

And to be honest I'm not sure they are

Really decided on what they want to work with

But they generally in January

Present some measure of consolidation

And

Well if you look at

This period in here

Okay beginning of 2017 we Consolidated it a little bit

Wasn't a lot of price action movement

Stayed in a

Same thing in here

We work inside of a range a little bit for a month at 2:00

And then I finally left

So

It doesn't take long to look at

The ideas of

The beginning of the year

Not being in a rush and we had this over here

With

20/20

Okay which was a little bit Wild

But

Nonetheless it's a time of the year

Where you have to relax

And try not to rush

Unlike

Retail traders that are just okay we got through the holidays it's announced

Time to start trading again the markets are open that means I got to be Trading

No

Okay you're not treating just for the sake of treating you want to be in high probability setups

And for those that are watching this

That are in the new group they're not even watch this video until they start coming in

On the 27th of January but

I'm sure you'll be watching this video eventually

And I want to remind you all that

This is something that we teach here

As a general thumb

January and this is the reason why I sit on my hands and don't really trade until the first trading day of February

I used the month of January as a

Intel collection

Period where I'm just

Trying to get a lay of the land I'm trying to figure out what they're most likely going to try to reach for on these higher time frame charts

And I work with that

As a cont

For the next 6 months

That doesn't mean I'm going to hold a trade that long it just means that I'm looking for scenarios that would lead to

That General

And then as we get closer to that or if we see something entirely different

Then I can

Change my mind

Or change my nails or just move to the sidelines all together like you've seen for those that been in the mentorship for several years now

You know that there's periods where

I get

Cross signal

So therefore I'm uncertain so I said okay I'm waiting for more information and we have to wait

And you see why we have to wait there's

A general consolidation or pause

And or the market does something Squirrely and doesn't make any sense

And then

It does something else that we anticipate

And then we get back in the rhythm of what the markets likely to do next

That's normal

Okay but we don't freak out we don't lose hope and we don't abandon the ideas because

The Market's not lining up something right now for us it doesn't mean that the algorithms broke or it's been changed

It just means the markets are in transition

And what does that mean

Or transitioning from a trending environment which is what we had over the last

Couple months

Now we're at the beginning of the year when it typically will be range bound

Okay so

I try not to be terribly excited about any short-term price moves

And

Have it in your mind that this is a normal instance

We're price doesn't generally

Create these sustained price runs

Right around this time now now we're in unprecedented times

So that

Be a little bit different and it

Upset the normal

Tendency for January or the January fact as I teach it

I give you a lot of

Preamble there

So we'll be able to go through the rest of the video pretty

Smoothly now

But I believe that

This woman see

Be a

For the first half of the year

How much time we need to spend in here

Is unknown to me

And I'm willing to submit that

Entire month of January

And not worry about it and let it give me more insights as we go into February

So

When we met last time I mentioned how we could potentially trade up a little bit into a bicycle pool

In dollar and we'll look at that one getting those

Other chart

Let's move into the weekly chart

All right so we have a fair value Gap right in here in the form of a cell side Bal

By silent efficiency

So one single pass here with this candle

Do we need to come back up into that

That's what I'm trying to determine because

We did dig into this consolidation

With this drop here

And we've had multiple times going lower lower

And

It's very difficult personally for me to get a read on

What they

Work off of because

Just because

We have

Went into this range and we can look at the

Equilibrium of this price range low and price range High

Put that in the middle and see we pretty much worked at that level

I am not trying to pick a low or a bottom in dollar

When I am bearish on a market

I'm not likely to always

Be counter trend

Trading even if the signal looks strong

Sometimes I'll just wait and let it pan out for instance it might trade up to that fair value

It might trade up to it and then create another opportunity to go and lower or it might

Start to drop down and fail to go below this low

And then make another

More significant price run higher

And then we'll have to wait at a longer

Time into the year if at all

Making a run below here so

That's

Equation you work with now

If you listen to the language I'm using here this is not

How I usually talk

Usually I'll say

This is what

Please going to happen I'm siding on this side of the marketplace

So therefore

Yeah if it goes up here I'm wrong it's not a setup I would take but

I'm sticking to this

Narrative

And it's likely to go there

Noticed that

Not in this discussion

This is always how I view

The market in January

So I am

Letting the market show me

What it wants to do

And I'm not trying to take a trade

If you are one of those individuals that are foolishly trying to trade with live funds

While going to the mentorship

Do not try to trade in January I don't care who says they made this or how many times you seen your charts at us paying out

It's just not

A good period to do it

Okay just give up

Couple weeks of the year

And I promise if you do that as a routine

You

Being a rush to trade you'll have

A better View

And a grasp on what is likely to occur February into

March and April

That to me is a fair trade-off

Having

Having more Intel

More insight

More clarity visibility if you will

Of what price may do whereas right now really nobody knows

Okay it could do anything where it's at right now

It could turn on a dime here and go right up in that fair but you got to even go higher

I don't know that

I don't know if it's going to consolidate here I don't know if it's going to go down below this low

I would

Venture to say that it's going to retrace a little bit more if it's going to go lower

And we can watch the opening on Sunday

If it got up

Phil's and starts to Rally back above the gap

That would be an indication

Near-term bullish

And then we could take our attention to this fair value

But

The idea of having a very strong conviction that it's absolutely going to keep going lower

Well that is my underlying bias

Electing to anticipate

Short-term

Retracements that could reach up into the Fairway Gap it doesn't necessarily need to fill it entirely

But I do think it will

Be some measure of

I'll draw on liquidity

At least from a weekly standpoint

Right so the daily chart on the dollar

All right so I have a couple things on here

And right away you can probably determine

Why I avoid doing this annotations

When my commentary is because when we were having

Multiple groups coming in throughout the year

They would be starting off a month one month too and they see things like this like if I don't see anything at all

Imagine

You don't know what you know

And I show you this chart right here

You're like what is that what are those levels why are those lines there

And why didn't he why didn't he highlight this or that you see what I'm saying

So

That's why having annotations on your chart

Is a personal thing but I'm going to guide you all this year

Majority of what appears in my own personal charts

Okay so

Well I don't

Dress tradingview

For myself

The trade off

I use a separate platform

Now right away your mind's thinking oh well that's the advantage

So tell me what that

Platform is

Trading View

Is

Perfect

For you

You're developing

Okay you're not supposed to be treating with life funds

So what platform I'm using is of no concern to you

In Charter level

Once you get there once we get everybody in the charter level now cuz it's our final group

I'll start showing you my

Live platforms and you can see my charts and things like not on a daily basis not only

Routine basis

But you'll see that

The way I do it

Quote unquote Institution

Platform

Basically what you see me doing here

In the education

So that way there's no

Confusion there's no advantage over this or that

The charts are

The charts period it doesn't make it there's no advantage

Okay

As long as the date is solid

Then you don't have anything to worry about

With looking at this chart here I want

Go over a couple things and what I'm showing you is

Now in my mind

This is how I see

But in my charts

This part is not

In the chart

Okay and what I mean by that

I'm not highlighting this high

Which I'm doing here

Don't know that Range High

I'm not

Noting this low

For the basis of having this Range High in this range low

Give me a marked out

Why am I using this high

To this low

What we have

The market come down in here

Trade up and then we broke down through it

So I want to consider the potential of

Maybe needing to come up into this

Swing hi without breaking it

In a retracement

No I'm not saying it's going to go that far but in terms of determining range

To work within a range like this high and it's low

It doesn't need to go above this high for me to find Opportunities

And

If it does retrace higher what levels could it potentially trade to

If this is a breaker

My own indications it looks like it

Is and we broke through it here

I only want to use the nearest

Swing High

In the context of this

Swing down so every down clothes can look consecutively

That's your bearish break

So essentially this candles low extended out in time

I want to go into

The breaker not just a butt end of the tail or the candles close

I want to consider the entire range of that breaker

In that swing highs inside of

Breaker

You see that

So

I could have a whole lot more annotations here so you got to take notes with what I'm saying

And in your own charts

Kind of replicate what you see here

And then fill in the gaps with what I'm saying verbally

Okay so

The audio commentary those things you want to add

To your

I just didn't want to have too many things on here

And the things that would otherwise be in my chart

I'm giving you

Audibly okay

So but I want you to know that I'm not looking at the chart with this level here in this level here in my mind's eye

Okay and as I look at price

I'm looking at this range

And I'm splitting in half that's this level here this is equilibrium

So everything below that level is a discount everything above that level is a premium

So if it's going to retrace

To a premium

At this level what resides above that

Well we have this short-term

Are you here

Where

Not to be quiet

So if I set liquidity there we also have a volume and balance there

Plus we have a weekly fair value Gap that it could trade right up into that for an Institutional order for entry drill

It doesn't need to complete the codes that in

But

It could need to retrace back up into this level

In this level this level here to dotted line

That's the 62% retracement level

And this is a 79% tracement level respect

From the

To the love you drop the FIB on your chart

You'll see that that's with these are which is optimal trade entry

So does it need to trade back up into institutional order flow

It might but I don't know

But it will have to determine that if we trade to a premium

Which is up at or above this level

But if it gets to this level

We could anticipate

A run into

This

Level here

Which would also be almost consequent encroachment of the weekly fair value Gap

And

I've transposed the levels from the weekly and the monthly into this chart

So when we drop down from the monthly the weekly to now the daily

Everything has a better context and this is the reason why I said the lazy don't survive here

But

I guess

I shouldn't say something there's a lot of you in this most recent group that joined

In 2020

Need a little bit more hand-helding

And because we have an enormous group coming in

It starts on the 27th of January

I kind of like

Give as much as I possibly can

In terms of hand holding

So that way it teaches you by repetition what you should be having in your chart what your chart should look like

But I'm not going to just show it to you like this

When we do our commentaries

What's going to happen is is I'm going to have the

Blank initially

It'll be a way for you to say okay

This is how he has his chart right now

And then what you can do is

Set your chart up with the same amount of data that showing

Okay and then try

Put the lipstick on your

And pull out the things that you think are Salient and what is

Most likely

Most important things right now given the current market structure

Dealing ranges that are available

And

PD raise

Are likely to be traded into

In that way

You will have a day by day opportunity

To

Okay so

It's not something for you to see

You fail at and say I'm never getting this

Okay

I want you to understand that it's going to take time for you to start matching up and most of you probably will never have it exactly like

My charts until you become a charter for a while

But while you're in the core content and here's the thing they try to remember is never really had this

So they can go through month one

Right now in January

And revisit all this stuff again

And relive

Now with a little bit better

I guess application of

What is does he know what PDA rays are they

Most of the things that

You are learning why in core content so they have a lot better

Advantage because they've been here for a while they've gone through some things

But you as a developing student that are new coming in here

From new group for 2021

You want to be doing what I'm showing you here in your own

Before you look at mine if you don't do that

I promise you

If you don't

Find a period of feeling

Like you're not learning anything or not seeing something okay you will around the second or third month

If you if you're not somebody that goes into the charts

Back tests and look

Price action and study how the things I'm teaching

Appear in

You won't feel like you're developing

So what I'm doing is I'm taking you by your hand

And I'm giving you the opportunity it's okay this is

What your chart should look like at the moment

And then

You go into your own charts pause the video

Going your own charts and replicate what you think

It's going to appear in mine

Not what I don't want to have happen is for you to feel like

All right I'm going to put this on my chart today and I'm going to send it to you or me rather an email

And this is what I had in my chart because if I did if I had all of you doing that

My email box will have 40,000 emails in it and I'll never get through it and it'll just

It'll be a night

I want you to think about the

Application of

Sharing with you

Mycharts

Okay

I'm going to be providing that to you

As a way of helping you understand

Okay so when we do our weekly reviews

It'll be mid-week review and on the weekend

At some point

I may start doing it as a

Upload to the Forum

I just don't know how I'm going to do that because

I still have to worry about having watermarks and everything so I don't know how I'm going to do that part so in the videos

Everything's Fruit by

User groups and

Usernames that you not you're not aware of that we're giving everyone

That's not necessarily the username that you're given to get into the forum

To the water markets on your videos

I think that goes to a

Specific group of members

It's in a member

So if my video start getting circulated

Then I can see right away

Oh this is that group of 25

So now I got to do is Will down 25

People

That's doing it

It doesn't take long to do that

It's important for you

Put your

Effort into trying to determine

Based on what you know

At the level of your mentorship so in the beginning

It's unreasonable for you to have any idea what your charge look like

But by seeing a naked chart

Which again as a reminder I did not do that with this lesson here

Just imagine all the lines and annotations that's on this chart here not being there but just the price

Chart itself

That's how

The commentaries will go forward

And then I'll say okay if you don't want to see the annotations you need to pause the video now or stop it

Because I'm going to add it and then it'll be there okay so

It'll help

Keep my focus

On the discussion and that's why I said this video is going to be a little bit longer than the ones going forward because

I really want to frame out

Your expectations on how I want you to

Why we're doing what we're doing

Okay so it's going to be more structured

It'll be more Interactive

And it'll provide you a way to kind of like come up to speed

A little bit quicker

But

For some of you you didn't need this

And I commend you for that

But I don't want anyone that feels like that this was the thing they needed to feel like

They were less intelligent because they needed

Because I used this as a way of weeding out the lazy

Because I've had people in previous groups come in

And like everyday I got 20 emails from them

For questions that would otherwise be answered

If they just did the things that I'm showing you here

Okay

It always say just want to have

Me give them everything

A spoon-fed response to everything I'm looking at this chart right now

And really what you're trying to do is warm me up to telling them

Their trade ideas good go ahead and take

Which I don't do that

Okay so

Anyway take this

Level off your chart and take this level off your chart

Take this level off your chart

And

These levels here off your chart

And this annotation of OTE

Leaving just this level in this level and that's all that would be on my chart

Personally

But from a perception

Stance

Point of view

This is how I am internally

Seeing it okay how I look at this run in price

Why I'm using this high again

And I'm not sure if I did a good enough job I saw do it again here why am I picking this High because inside of this cand

Hi to this candles low because they're consecutive down-close candles

Inside this Turning Point

It comes up to this high so we had this high

In this eye

This

Is a breaker wants this low is broken

Here

So we had this price run all the way down here if this is going to retrace

I want to look at and refer to the swing High that's inside

If there is any cuz there may not have been a swing high in here

If this thing I didn't exist or this one in here

Then I would just use

The butt end

Of

The breaker

Of its tail

Okay now what's this candles low

I would use that as the the Range High

Because that would be a PD array or

Specific level that the algorithm

Utilize but because there's a swing in here

It

Need to go into that

Last up close candle

And if it breaks this then obviously it changes everything but I'm willing to see it trade up into this

Cancel because it's a swing High

But not break it

So with that in terms of

Understanding the range

I'm using this

Swing high within

The total range of what would be deemed a

Bearish ICT breaker

And what a breaker is is we have a high low price runs up

Upsetting anyone that trail their stop loss in here

And then it goes lower once it breaks that

Then we have Market structure

Momentum everything going lower institutional overflow bearish

But if we're looking at a level now where you know all the things that's been going on

The uncertainty in the US

And

At the beginning of the year

If we need to retrace higher this is the framework I'm looking at

Okay I'm not looking it up here like this is a low resistance liquidity run

If we were bullish like I would look for these

Levels here

To frame out a lower resistance liquidity run

To that level

Now if we run above and find some support inside this area here after going higher and start the rally

Then I would concern myself with that

Potential scenario

And put this whole business down here

At a later time in a year

Or maybe even a bandit

The entire year based on what we see and what comes out of

You know DC

All the things that's going on

So

I think I've done enough discussion on this daily chart but nonetheless

You really want to take advantage of testing yourself

Don't look at I got this wrong I got this wrong

Try to focus on the things that you do get right

In your chart annotations before you see mine going forward okay

Not this video but every video after this particular video that we're showing you now

I said this is 60 Minute chart on the dollar Index and can see obviously it's a whole lot more business here

If I sell Equity pool here

You have a real Gap okay this is an actual Gap in price

And

Just like we have an actual Gap here

If everybody

With our annotated obviously you can see it in here

And

Moving up into them respectively and then and we have

The market come down here

A short-term High

As we got close to those levels

That I shown on the monthly and weekly chart

That we went into the consolidation that was

Really the old area of order flow

Remember what I said back on the monthly chart and weekly chart so we went into more or less equilibrium of that old

Range

But we have not broken it we have

Traded down to the rejection block or

Below the old

On that monthly chart so

We're digging into that consolidation and

You always have to anticipate the likelihood

Of a potential reversal that's why we

Peach

Taking partial

And trying not to jam your stop

Too aggressively or Trail too aggressively

Because these scenarios here may present themselves

And

If we have the area traded down into as we talked about on the midweek review

How we could potentially see dollar trading higher

Hang up in the news relative equal highs and ended up bicycle

The tone for what

Very very short-term bullishness

But at the time

My bearishness was still

In operation I was still looking for

And I still might be there

Okay it might need to go up to this level here clear this bicycle and then something's released in the marketplace maybe pal says something

Thing on Thursday

That sets everything in motion and then they start to drop

Dollar aggressively

And in your own cables allowed to trade higher

We don't know that yet

Okay and because it's the month of January

I'm again reminding you that this is a month where I'm not trying to just take a trade because

Possible

I'm trying to

Get a read on what the Market's going to be doing for weeks and months

And then I'm going to operate in that context where it gives me a whole lot more probability

Trading with that mindset

Okay so now watch the momentum or Direction the market Moves In for weeks or months

Okay that is much more sustainable

In terms of being right in your directional bias each day doesn't mean your directional buys or my directional bias will be

Be right every single day

But if you're trading in that same direction you're trading with the highest time frame institutional FL

So it's more advantageous for you

To have that and if you try not to

Do that

Be very frustrated

And basically it's probably what's going on right now for some of you

You're looking at these daily chart

To intraday and

You're not seeing the big picture

That helps

The commentaries that I do

And I'm giving you like I'm pulling back the Veil

I'm showing you the things

I use

To

That daily chart in the right perspective

Does it mean I'm always right this means that

These are the things in the applications I use

To help me do that

All right if you start doing it you will see that there's a stark contrast to

Not doing it and when you do use it

It's very helpful

So we have a

Market structure shift here

When we have this short-term High broken on the outside and it comes back down in

We have an imbalance here and then we have the order block which is the last down close

You always want to use

The candle has the biggest beefy body candle or the lowest

Close

Okay I'm in that order of selection so I'm looking for the biggest

Down close candle

Cuz there may be like this one here

Even though this has

Again this could have went a little bit lower

But because it's broken over two candles

I would have elected to use this one

Okay

So there's an hierarchy there

Algorithmic

Okay

That is not a rule that has been shown or taught and broken down with the specifics

This is the reason why I get upset when I see people that just watch my videos

Anything about there and start getting ad revenue on YouTube

Making videos about

Water blocks and they have no idea what they're talking about

There is a specific

Order an hierarchy of what you're supposed to be looking for

That's how I can find the right ones and do it with live trades

And show you examples of me doing it

Versus everybody else talk about on the left hand side of the chart

So

The order block here the high and the lowest the entire range you can see we trade it back down to mean threshold of that

Moving back Above This High here

Because we have a higher low than this one here and think about like the breaker

The mitigation is

The failure to make that lower low

On this run somewhere to this one went lower

And then price did this

This would make this

A break

But because we have this low

Pie that breaks the short-term High here

When it comes back down if it runs back Above This High here this is simply a mitigation block

And for those that are brand new coming in

That is taught specifically you have rules about that too

And it's all taught in future lessons but right now

What I'm giving you here

If you have questions as you're watching these videos

You want to write down the date

And things that came to mind as far as a question

About whatever I'm talking about

And in this video we were talking about a lot

So

Right away you're going to say what's the difference between a breaker and a mitigation block and what's the advantage of knowing that difference

Well when we have a potential

Contrary and price move

Okay notice we've been bearish on dollar

And we are anticipating lower prices on dollar

But if we have something like this occur where

Structure is now seeing a shift

After trade it down to a level where it potentially could turn

We don't know we're likely

To decide on it going lower but if it does give us an indications that want to go

Higher

That is something that we have to be

Concerning ourselves

Which is why I mentioned on the midweek review that

We could potassi trade higher

The dollar Index I need to retrace deeper

If it doesn't make a lower low here

And intrades back above it this is going to be mitigation that means that they're going to be wanting to

Use this level here

As you would expect a classic support resistance idea

But not just too high in other words cuz if it was

Easy would be just this hot here

Draw that out in time well it went below here

Anyway blow it here but then someone higher

And these are the things that I encountered as a new Trader in the 90s

Where I felt that

Support resistance

Was

A trick like it didn't work

I couldn't make it work

Just like trend lines and everybody can find the perfect trendline after

Fact

But the key is knowing what you're looking for when the chart

Alive and breathing

And creating the candles

That's the difficult part

So

What

Endeavor has been

To my whole career

Was to decipher why it needs to come back to this

Range here

Okay what range is that the high of this candle and to the high it creates here

So

Comes back lower once it breaks above

This high

I'm concerning myself with this old

Turning Point

I'm also referring to this candles High here and this candles love here that's your favorite value cap

So

If it does need to trade back down in

We have institution order for entry drill that could happen here

The mean threshold which is a midpoint of any Gap

An extent out in time you have it here

What's interesting is if you take

Swing low here

And it's a love that has a high low to the left and a higher low to the right

You can also have this on your charts too

Up to this High why this high

Is the highest high prior to this dip down

That went back into the fair value got

This

Is an optimal trade entry

And just running back from here to here that's a trade

That's a scalp that's a

A bread and butter setup and it doesn't need to go up into this Gap here

Or even go to this Buy sell Equity pool to have profitability

So

That right there in itself

Is a complete model

Knowing that we could potentially be turning in here

And still hold a

Stance longer term but on a short term

You can take scalps or intraday trades based on the market structure that's here

And work with his cont

So that's what I mean by

Studying and looking for certain things and when you have

Your charts annotated and you refer to them on day by day basis and on weekends

You want to look at the previous week and the week before

And how you had your invitations

With the

Presented as a future

Response

Old area of waterfall did you outlined

And just like this Gap here

In the market gravitated to that look at the bodies

You say that

It's respecting this

Area right there

So the algorithm remembers that

Does it mean it's done

No

It just means that this sensitivity here

Is directly related to

Low end

Of that Gap

So this is the discount end of that Gap

This is the premium end of that Gap and in consequent encouragement would be the midpoint

In just about gets there doesn't quite get there but everybody's data they looked at a live chart

Or live platform

Their brok

Coated high on this particular candle here

Would be different

And some of us would see the consequence level hit

Others would probably just be above it

Like in this case here we look like we just fell short of it

But nonetheless

That's not what's necessary

You know knowing

These turning points

That set up these price runs here

That is

The basis to finding us now obviously I'm not stating that you should be doing that cuz

Not on payroll

You shouldn't be trying to trade those days but you can still use those days to study how liquidity is

Utilized for intraday price delivery

I'm moving down into the 15 minute time frame you can see everything that's been transposed from

A hard time frames

Hourly

In-N-Out those levels are

Brought to the 15 minute time frame

You see that order block

Noticed that

Little bit above halfway of all these

Don't close candles

That's why knowing the hard time frame levels in putting them on your hard time frame charts

And using that

When you're looking at your lower time fr

Like 15 minutes here or even a 5-minute chart

It gives you such a degree of perception that you can't really appreciate

And right away some of your smiling and Nod your head like

I have been wasting all this time cuz if I just would have said the things

You give in the commentary and applied them to my chart

When I looked at my lower time frame chart I would be seeing these things

Yes yes that's what I've been trying to tell you all this time all these years I've been telling you to do it

But

It strips you of that aha mom

And that's what I want everyone in here to have

So

For the most part

It still can happen

But

You have to be careful not to look at my chart before

You have yours done

And then right away you know it'll get you up to speed quicker it's not it's not meant to rush you

Through the mentorship

It's just meant to get you thinking more about involving yourself in your own study

Being interactive with your charts and then comparing and contrasting would I see a Salient in price

Versus what you're looking at now

As you go through each month

Even those that have become charter members

As you go through the content again which is what you should be doing you should be absolutely going to the content again no one learns this

Going through the mentorship one or two times

But Michael that's a lot of videos yes

It's almost three decades what do you think still coming it's a whole lot more information

And it'll be easier for you to digest that

If you go through the motions of going like this last group that's

In 2021

They will have the highest

Amount of hand holding

That any group has had

The first group is going to be like

And that's not fair you should do this for us

But you have

The most Insight so you'll be able to glean

More insight from going through it again

And with the new way of presenting these commentaries

You'll fill in your gaps that you still have

A lot a lot faster a lot more efficiently

Then the new group

Because they're going to have that whole discovery

Period too

They're going to have that I don't know what I'm looking at this is too much information you know you went through it too

So

And if you're new and you're going through this

Just know that you were going to get

A tsunami of information and it's not meant to

Disorient

It's not a quick fix

Hurry up try to learn it all cuz you're not going to

But you subscribe to this to be able to be a

Market wizard if you will

You want to be able to look at the markets any asset class anytime frame decipher what it is what it's going to do next

And have a 90% likelihood of being on the side versus being offside

Being on the right side of the marketplace

Now notice I did not say

90% profitable

Okay there's very specific terms I avoid using here

Because of

Leg

Okay

If you do the work I'm telling you to do

I promise you

What you want to do

You will have the skill set to do

And you fill in the blanks as what that means for you

Because I promise you

It will be available to you in your own skill and experience but what you put into it

Determines your outcome and the results

While you're here

Okay so it's not a hurry up and quick fix

Get me rich fast show me how to learn how to trade in in 6 weeks or you know boot camp

Okay that stuff doesn't work

Nobody goes through short-term

Teachings

And all of a sudden now they're a market Maven it doesn't it doesn't happen

Believe me it does not

Cuz I would I would have been corrected and shown

My thousands of different Yahoo's out there that have pretended that that's true

And sell courses and such

They can't beat me and their students can't beat me so

Again it's not an ego thing I'm just telling you

Look at it for what it is because if they have

The skills that they pretend to have

They would be able to do the things that you see me doing

And they don't

But you're going to be able to do these things

And once you have that skill set

No one can take it from you

But it's not going to come overnight

And every day

You grow a little bit more

You will away

The rough edges sand out some patches of rough ideas and understanding

And every day you get closer and closer and that rough Corner becomes smooth over time

And over more time you use

A finer grade of sandpaper

It doesn't feel

Much changes occurring but it is

And you're really smoothing out those my little imperfections

And over time

You do more and more and more that and finally have a real smooth

Real smooth

To everything and

You're not

Cutting yourself

Just being

The analyst

You're hurting yourself

You're able to be fluid in any time frame any asset class

Any Market it's

An empowerment that I can't really articulate

But if you don't do what I'm showing you here

There's one absolute

Result

You will not learn what you came here for

Just know that

And you'll see if you go back and look at the other commentaries I'm not doing what you're going to see me doing

Initiate anywhere else in any other mentorship

Like I haven't haven't done this

So I'm making it available to you so that way you can compare and contrast so that way it'll get you

The market

You'll be more in tune with what's likely to happen next

But I'm not giving you trades

Okay it's important

To know

But you'll see how the markets move

And work off these levels going forward and more specifically why they did what they did in the past

So I'm blending both of what you need to find in the marketplace that's Salient that leads to Future

Price moved it

Helps you with your prognostic

So anyway 15 minute time frame you can see

We have the migation area in here

We hit it once in here but left

This imbalance and the order block inside of that

Fair value got which

Defined by this candles high and this candles low remember we're not defining it

On the 15 minute time frame

These levels go back and look at the previous

Chart

Time frames

And all we're doing is

Going down in the lower time frames

Once we have applied these

Levels on higher time frame chart

And then once we have them we look inside of this candles high and this candles low

What resides in here

And we have a down-close candle right there

So you have an order block within a fair value guide

Now that will block might not be there it could be a smaller fair value

Then that's what I would use

Okay

How about because we have a down closed candle in here that's the order block within an imbalance

Which is the fair value cap

And again you'll learn with everybody got Sorry by definition if you're new you probably ask yourself if you keep talking about with a fair value Gap is

But what is it specifically you get lessons Okay but you have to go

Step by step

Okay you will learn all these things

But I have to talk in the commentaries

With the

I guess the assumption

You're going back through the content

This is why you have to do multiple passes through the mentorship

Because repetition is key

And you'll know what I mean by watching a video

That I did in 2016-2017-2018-2019-2020

And what I'm doing right now in 2021

Once you become a charter member

If you go back and look at those same videos you're going to be astonished

Of the things that you're going to swear up and down that I made a different video

And I don't edit anything

Okay my mommy toss this in real quick

For those that are month 12 content there is a and I may not have the date right

Forgive me if this is incorrect but I'll stop my head

Folks that had just rolled into month 12 level

There is a lesson and I believe it's August 16th part 2

It looks like

Is messed up or whatever

When the video stops that's really where I wanted to stop

But it had an artifact in it

Meaning like there's a call out or a little thing that I would use during the production of the video

So it made the timeline longer than it really was

And I don't edit anything

Once I put the video out and people can see it

I never go back in and change it

That's

The litany test for me I can't change anything

That's why you should download everything

But I say this

To remind you that

When you go back through and watch old videos once your Charter level

You have gone through core content

And you'll have access to

Trading models and trade plans

When you go back and look at old videos

It's going to feel like

You are watching that video for the first time and I'm teaching

With a greater level of

Description and or detail

But it's the same video

It's just you have blinders on right now

And you're not listening for the right things

You don't know what I'm referring to and it's important right now because

It's your first pass through

And you haven't been exposed the other lessons you'll have later on

It's trust me it's it's very dense it's a lot of

Content here

Everything that's like what I'm saying right now everybody complains about you talk too much

Get to the point

Once you're a charter member and you've been here for a couple years you're going to see

This is all the point talking points

Is the point

It's not the thing in the chart

Because there's a there's a lot of things

That need to be weighed

In cont

And the way you know context

Is understanding narrative

But you can't understand narrative

Until you understand the individual pieces that make up the pdra Matrix

And you'll learn about that too

But

I just can't give you

Everything not because I don't want to cuz I would love to have been able to do this just make it one time and there it is

And it's in one video

But

I have so much understanding that I want to share with you that will help you

But you have to go through it with bite size pieces

And then once you do that

You have a vision of why price does what it does

And you're not surprised by majority of what you see in price

And here's the important thing this is why this lesson is important you're going to learn why I choose

Not to touch him a particular market and it may be for instance say you're going to be a Futures Trader

Now some of you're not in your head thinking

Yeah I'm going to be a Futures Trader because

I understand it's being taught here others are just in here cuz they want to learn 4X

Some of you may come in here and have just works on your mind and you may end up becoming

A bond Trad

Or a stock option Trader

Okay

You will determine

You are the trading what you're going to do

But these things that you learn are going to shape you

And you have to be aware of where it's leading you

And I don't push anyone in any one particular direction

Predominantly I'm Forex because

Kind of like my forte

But

Obviously you'll learn all this stuff works and everything

And like in crypto I was able to

Outline the big move this year going into 40,000

And just using the things that you're going to learn here now I don't teach crypto I teach price

So the things that I use in lean on

Are going to be beneficial to all asset classes

But you may not feel

That it's appropriate for you to trade stock options

But learning about them is good

You may not feel that it's appropriate to learn how to trade bonds but even if you don't trade them

In certain Market environments it's important to understand them because it helps

I guess

Support a underlying quarterly shift

That you'll learn about also in the marketplace

Quarterly shifts are like every 3 months or so

In Marketplace what direction is likely to go

So

This video is way longer than I really wanted to be

But just know that all these things that I'm talking about

Are the basis of

Why you're why you're here

It's not the little bells and whistles that I'm I'm teaching you the little trick

It's the logic

Because

I can give you a paint brush

I can give you a blank canvas and I can give you the finest paints

Whether it be oil-based or water-based paints

And I could say okay

In theory

If you

Take your paint brush dip it into the paint

And draw a circle

For paint circle on the canvas you're going to have

What everybody will know is a son

Now if everybody went in there and did that

Some of you are going to drop the paintbrush with paint on it it's going to fall on the floor other people are going to

Stick to paint brush inside

The pink

Then go up and in paint's going to fall off

The the brush onto the canvas and areas they didn't want to apply it

Other people are going to say I don't see a son that's yellow it's more of a orangey

You know that you and everyone's going to have their own personal interpretation

Everybody's results are going to be different

And when you're coming through the content here

That's why I tell everybody not to talk to other people and that's the number one reason why

You are not allowed to talk to other members because as soon as you start comparing and contrasting

What you are feeling

Or what you think you understand

With other members that are in here learning just like you

There's going to be times when you think you know what you're looking at and you think you understand it all and like oh yeah I got it

And as soon as that happens

You going to walk around your house

You going to walk up to your spouse and think yes this is the best and best I've ever made

ICT is going to make us rich

You going to be prancing around your house give me happy

Next day you're going to wake up

Mark is going to do something

You going to feel unsure

And then when I teach something new

You're

Why not see that

Yeah I thought I was learning something and you feel like you went back to zero

Step one

And you're going to feel deflated

Is normal

Imagine

If you're listening to 15 other people and them mentorship

And they were going through the learning process it's like you

So why you're paying

While you're making payments

I don't let anybody talk to another student in here because

Going to be a distraction and it undermines the development

Whereas if you

Have that moment

Will you look at these things

And you test yourself by looking at certain things in the chart

And the first couple months

Don't even expect to have anything on your chart that will resembles anything that you're going to see in mind

Because you haven't learned enough

When you go to the lessons about

Month 16 will

Feel like you can

Start seeing some

But that's realistic

That's how I'm

Pre warning you

Okay that's not a sales pitch to make sure I get six payments from you at least okay cuz clearly if it doesn't match up with what

What do you think you're going to be able to endure

Then just don't go to math too

Okay

Because it just gets more detail more

Work more effort on your part and it's a lot of study

But the people that go through it can see why I do what I do and how I can call the markets

And the things that

Led me to that

Is the things that you're learning

And there is no shortcut to it

There is no oh yeah you know ICT

Doesn't teach good he talks too much

Other people take his Concepts and they teach it better no the only thing they're doing is

They're taking people right to

A

That has nothing to do with live trading they're not taking a trade

You're talking about what's already happened

And they're being fooled by Hinds

Just like everybody feels when they read books

Think about when you buy a book or bought a

You read it and you see the example oh man this is going to be so I can't wait till Monday I'm going to start trading

And how's that work out for you

You can be fooled

By that stuff and that's what

Shocksters are doing

They're out there scamming people

And if you can't see what's going to happen

Like why aren't they doing it with live chart

Like record yourself you're making recordings

Talk about what's going to happen in the live chart

In that recording but none of them ever do that

You're going to learn how to do that skill set

You're going to be able to look at the chart as it's alive and breathing and forming the candles before it even moves to these levels

You are learning

How to see it before it happens

You don't need to have

Trickery you don't need to have any of these hindsight hero stuff

You're going to know exactly what it is that you're looking for in the chart and when it forms you're going to know what it means and how to engage with

Like I'm going to show you when we get into the British pound portion of this video

What it will look like and why you should not touch it

That's a very very big lesson

And I purposely chose this lesson

Because I want the new people coming in

That if you learn nothing else from me in this mentorship if you learn how to avoid

The problematic periods in the year

Of trading

You're going to give yourself the greatest advantage

Then the people that

Go through the

Business of trying to learn how to trade buying books and courses

And learning from people that don't know how to trade that never made any money or even have any experience in knowing why they shouldn't

Trading at all knowing when not to do something is the most important cuz I lost fortunes

By not knowing that lesson that I'm going to show you here tonight

So if I was to have everybody in a room and all together in one place

And I said okay raise your hand right now

Okay if you want to learn how to avoid

Losing during the worst periods of the time

Of drawdown

If that would be an interesting lesson for you

Raise your hand

I guarantee you

You would see heads turning left and right to see

Who wants to raise their hand I'm not I don't want to be the one that raise your hand I mean I feel like I should raise my hand

But let me look around is anybody else want to do it

But that's the lesson everybody should be looking to learn

That's the first lesson

How not to lose money

But nobody wants that I could write a book just for that title and just teach this topic tonight

And honestly

Nobody would buy that book

But that's the book that makes you rich

Because

Everybody can get lucky like I did back in 1990s

I got lucky for 9 months

9 months

I got lucky lucky I was on the right side of the market

Is the market for one-sided

I didn't know all these things that you're learning here

But I learned

Through pain

And losing and blowing accounts

Over and over and over

This is what I should have been avoiding

These were the warning signals and as I teach now signatures

In price

That should have been aware of

And if it starts doing this again

I'm not touching that

And I don't care what it does

And honestly

Is the most important lesson you're ever going to learn as a Trader

Because you can make money being lucky

Hit and miss

Short little Scouts here and here

Get 510 Pips here 8 6 7 Pips here a couple times a day

People do that all the time

But what happens is

They get into a losing trade

And then they lose their mind

No I got to get that back

And he start doing all this other stuff trying to do thousand different trades

And in a Whittle that win or that series of wins

Down to draw down

That becomes even greater drawdown

And then you're like okay I can't stand this I can't I can't go home with you 12% loss

I got to get it all back and then you turn into a 40% loss because you over traded

And you got mad

Now that's the extreme of it

But that's what happens

Everybody blows their account the same way

Losing control

And trading

Forcing trades in environments that they should not be Trading

Period

It always happens like that

Always

Happens

Like that

It ain't well retail trailers cuz

Treating retail log

That is a large contributing factor

But

The things that I just mentioned

That's the everybody loses their account that way

So if you can

Deduce it to

What are those things

Look like

So that way you don't fall victim to it

That's what I'm going to cover tonight but

You can see how we traded down into the order block trade some cell solid liquidity here inside of the range of the mitigation

Come back out not all the way to the bottom of the Fairway you got

Trained here

But come real close to it but it hit the order block you see that

Is order block look at the bodies respecting

So we had one little candle make a tail

Into the order block

This down clothes candle is the order block inside of the range between this candles low

This candles High

This

Is rain on the hard time frame chart

And again go back and look at that where it was

And you'll see

That's what's Being Framed here

The market drops down into it

In a time when I said that the likelihood of

Dollar retracing into this relative equal highs

And not from here which we won't trade we don't trade we don't do that

But you are encouraged to study it

Study with non-farm payroll does because it's a beautiful lesson on liquidity

The market runs up

Comes back down into

Old area of water

And then Rally's up into the gap

So

Having levels on your chart like this it shows where the market reaches to

And wear a potenti turn

So you want to know where can reach that's the primary

Like that's the first

Thing you want

Be inquisitive about when you look at Price action

Like okay

What's it likely drawing to and you start by a hard time frame chart like monthly and weekly and daily

Where is it trying to get to it even if it fails getting to that specific level

If you're trading in that direction you're likely to find

Consistency and profitability

That frames

The institutional order flow perspective that I teach you here

We're not trying to pick the absolute high in the absolute low

That's not essential

But knowing how to find a draw on liquidity where is it likely to go on these hard time frame chart

If it's likely to keep going up over say the next three or four weekly candles

Is it safe to assume

You buying in New York

You don't want a Monday Tuesday or Wednesday what's the probability of you finding a winner there

I would submit that it's pretty high

Assuming

Again all things being equal

That that Weekly chart does in fact have the likelihood of it going up for two or three weeks

You going to beat capitalizing in on that app

Expansion

On the weekly range whereas if you're looking at a one minute or 5 minute chart

And you're trading in New York and it moves 30 Pips for you and you're like oh yeah I'm a winner I'm getting out

There's nothing wrong with that but you are also

Cutting yourself off of potentially

Finding a runner because of

You avoiding holding on to something that you framed on a weekly chart

So

Again that gets back to finding your niche in all this

And if you want to just be a 20 / 30

There's nothing wrong with that there's lots of those every single week

But

If you don't know what you're doing

And you don't learn the less I'm going to give you tonight

You will over trade in periods when you shouldn't be trading and

Present

Draw down

Causes all kinds of internal

Wrestling

And you have this toxic thinking about I can't sit with my account and draw down

I open my account with $1,000 or $5,000 or 10,000 or whatever you open your account with

And it's sitting like

Negative 1200 bucks or 1500 or worse

If you can't sit

And wait for the next setup just because you lost them the last

Traitor series of Trades

And you feel the rush to get in

You need to go back to Dem

That's a number one lesson if you go into live Trading

If you feel the impulse that you have to trade because you can't

Find contentment

In between setups

While you're in drawdown

You need to come out of live trading stop

Go back in the demo wait till you can do 6 months consistently

Without a great deal of

Drawdown

And then

Then

Maybe consider going back into live Trading

But

You have to know these threshold

You need to know how to fix them

And know what it is that you need to be correcting

Because mindset will blow it out of water your account could be roasted immediately

It doesn't matter what I teach you

If you have a poor

Tally about trading an over

Self control with yourself

It doesn't matter what you learn from me or anyone else

You will use as a weapon to hurt yourself

And that's why it's important to know

Trade psychology

And and it's important that you

What you're going to do to derail yourself and that's what the first

6 to 7 months here will teach you

That's the part that breaks everybody

You the internal

Sabotage

That everybody does everybody does it I did it everybody does it

It feels like you're losing your mind like it's like why am I doing this to myself

I knew I should have never did this but yeah I still did it that's all impulsive actions

You need to find control mechanisms and I teach you that here

But it's inside these kind of boring discussions

Because the books don't do that for you even Mark Douglas doesn't do that for you

The rest in peace God bless them and all that business but the point is

That book

Is championed by everyone

But it still fall short of the lessons you learn from me

Because I live that I really lived it

And I watched money

Hemor

Out of my account

Plural

Because of the lessons

That I'm teaching you now

That I had to learn through pain

And when people learn them

They avoid those

Mistakes

Some people feel like they got to have the scars that I went through it too ICT

Like we're military and showing their Marine tattoo I'm like one of you now

I don't want you to have to have those scars I want you to be outside you know I'm so appreciative

But you taught it this way and I didn't have to have that pain and suffering

I can appreciate not having the scar

That's what I want

As a mentor

That's what I'm trying to spare you

I don't want you to go through the hard lessons I want you to be aware that this is what's going to happen

So that way when it does happen you didn't listen and you're like oh yeah he was right I only do that again

But some of you in here

And you know who you are

You just keep doing the things that I tell you not to do and you don't do the things I tell you to do

And it's very important if you don't listen

Do the things I tell you

And the things I say not to do

Are you really submitting to being mentored

No

So why would you be upset

We're surprised at the results

I

It's hard

It's difficult

That's why I said it's very expensive it's not because of the money

I can sell this for a lot more money

And people would pay

It's expensive because it forces you to learn Who You Are

And when you start looking at these charts and I'm sharing

And you do the tests of

Putting on what you think is Salient on the chart

And then seeing what I'm showing you

Not only am I doing when I'm already doing in the past where I'm commenting on this or that

I'm showing you

What it is that you're supposed to be looking at and seeing

So I'm doing the work for you

Now the worst thing you can do is don't do

The exercises of dressing up your chart before you look at mine in the videos

If you do that

You are doing no service to yourself and what's going to happen is

You going to watch it

Then you're going to watch on the market reacts okay and then you're going to be like wow yeah this

This stuff works

What that does

It gives you a false sense of security

And for some that are weak

And I mean it to be disrespectful but

Those are in here that are weak minded

You're going to be tricked by that

And it's going to give you this false sense of security that you should go in there and start trading

And then because you have not done the exercises and the practice of trying to annotate the chart and see what it is

You should be singing the charts and then testing your perception

Against mine

Now some of you that are new and make the new group coming in here some of you are cynical I don't know who you are yet

Okay

But some of you may be like oh of course

You're going to have the benefit of hindsight

So you're always going to look right

And when I do it I'm always going to feel wrong so that teaches me to look at you as a superior and me is the inferior

So that I have to keep making that monthly payment I already know where some of you were thinking

I want you to test

What the market does based on the things I show in the chart

That's the lesson

But you won't be able to do these things unless you put your nose in a chart

And do it

The only thing I'm doing differently is I'm giving you more details in the chart whereas I was refraining from that

In all the previous groups

But because we're trying to wrap up the the bulk of the teaching in 2021

I kind of like want to give everybody that last little push and I also hold the hand of those there just coming in

Because it's real easy to talk yourself out of

Real real easy you know I can find something else to spend my 155 on a month

Yeah it's a whole lot of other things I can waste it on and be miserable because you didn't do anything

Didn't change anything you didn't take real initiative

But if you do the things I tell you I promise you

I promise you

You are going to see the results

You're going to see it

It's it's impossible for you not to

Because your head's going to be in the chart

You're looking for things that you're being trained to see

And even if you don't know what it is that

Looking at in my chart

By repetition me pointing it out

It's going to be pattern recognition

Is it going to be a concept that's taught conceptually by repetition

And then you're going to start oh this looks like that thing he keeps and all of a sudden

It'll do something like

Like that

You'll have that epiphany

That little thing that aha moment

And then you take that moment

And you verbalize

Your feelings how it makes you feel how that you are excited about it

And you put that in your study Journal

And when you have periods of time when you feel like you're miserably

Struggling and you feel like you're in a

Go back into your journal and read

Times when you had a really good moment

An energizes you you're like oh yeah you know I did have that moment

And it came out of nowhere

Right now it's a temporary setback it's a temporary speed bump

Or right now it's January we don't have a lot of expectations in this month

So

You need to be able to manage your psychology

And your psyche about what it is you're doing

Because if you

Feed yourself toxic perspectives

Or say you know I'm never going to get this or this is too hard

Okay those things that's a negative

Reinforcement

In your subconscious is going to remember that

And what that means is is every time you watch my video

Subconsciously you're going to be start thinking

Oh yeah this is all hindsight

Oh yeah this is because

Which church basically saying is this is too hard

This is more work than I thought it was and you don't want to hear me talking

Because it just reminds you that how much effort that you're going to have to put into this

It's easy for you to put your fingers in your ears and just say I'm not listening this this

Does nonsense

When the whole thing is right in front of you and how to get here is being described and outlined for you

But just like working out and building muscle you have to break the sweat

You have to move your body

You have to do the things that put your body in motion to get the results you're looking for

Watching exercise videos listen

Okay here's a lot of people online

That make exercise videos

YouTube is full of

You can sit there and watch those things all day long you're never going to get a six-pack watching other people move around

And you're never going to learn how to do these charts

You never going to have the perception in price action until you get in and you mess up

Put your attention on the wrong places in the Discover oh yeah I was doing that wrong

I don't need to beat myself up about why I was doing it wrong I just discovered what it is I'm doing wrong so I avoid doing that and do the thing

Thing I should be doing

That's progress

And it's not immediate

It's important that you understand that if you're entitled minded

You think you're supposed to have it right away

And or I'm not interested in you learning

At a quicker Pace cuz some of you come in here

Like to think that you're you

Superhuman and I'm going to be able to digest all this trusting Michael I'm going to be able to do this a lot faster than you're used to seeing

And then they send me emails when I try to remember like men worse than I thought it was going to be

This is a lot of effort yeah hello because they rushed through all

Core content

But if you listen

And you do the things I tell you

I am your college professor

Okay

I'm going to do a lot of this stuff here lecturing lecturing lecturing

Because I want your mind

On the right things

And avoiding the wrong things

Okay if you listen

And you avoid the things I tell you not

Mess around with or put your attention on

You will have every advantage

If you do not listen and you dabble into chat rooms if you dabble into looking at people on Instagram and worrying about

What they're doing or pretending they're making

You are taking your sights off of the work that's necessary for you to grow here

For those it just started

You know and it's the 27th and then maybe you got to this video

You seen how many beers just popped up on your form

That's why

It gets worse

There's so much content ahead

And I want you to just relax

Take one video at a time

Fall in love with learning this

Okay if you forget about money

And you fall in love with figuring out what these little Wiggles and wiggles in these charts are dealing

I promise you trading is going to be amazing for you

It's going to be fun

It's a journey

But if you have a timeline I have to have this figured out by this time

You're never going to learn this

Because you're too worried about

Beating the clock

It's a lifestyle

And once you love it

You end up becoming

Well

In love with it really

And if it's it it consumes your life

If you let it

And that's why you have to have a balance

Okay you here in my

YouTube

Series if I could talk to myself as you know

As a younger man

I'm actually got emotional a couple times in there because I was telling you

Right from the heart

The pain

If you don't listen to me

You're going to have that

And it's not fun

So avoid it make it the best experience you can make it

By listening to someone that's going through it

I can show you how to make money

But my important lessons is

More

Aligned with how not to hurt yourself

Cuz if you listen to those lessons

You're going to have a real chance at making money

But if you don't listen to those lessons

I don't care how good you get at trading Breakers order block

Optimal trade entries

All that

Eventually you're going to hit a period

Where the markets aren't giving you what you think you should be getting

And you're going to test it

Going to get in there you're going to lose money and then

The loser cycle

And you'll blow the account

But you know how to trade

But you don't know how to control yourself

And you don't know how to selectively

Take yourself out of the marketplace when it's the right way in time to do it

Anyway

It's going into the euro dollar

I think it's a Euro monthly chart you can see you have the rejection block which is the highest up close candle

Closing price

And then we have the high here where there's bicy wrestling above that

So these two PD arrays are the next ones in line if we're going to have a continuation on the upside

Supposes that the dollar Index does in fact go lower

It may not get there right away

Market may need to come back down into its order block here as outlined here

You have a little bit of advice out of balance outside efficiency with this one single candle so

What's not being shown here is this candles High

And this candles love that right there is in my mind

As a imbalance that may need to come back into doesn't need to entirely

Retrace into it

But if the dollar does trade higher

Then we could potentially see euro dollar correct down into the order

We do have a fair value Gap in here where we had institutional flow entry

For the monthly chart

Yes it did not come down to consequent encroachment which is the midpoint of this candles low in this candles High

This by side and balance outside and efficiency

See a

Visit of

Some of this range but not all of it went down this far

In a little bit lower on this one

Before it started trading higher

I still believe

On a long-term perspective

That Euro will want to go above this

Now things might develop in the marketplace that makes me change my mind about that

But as of right now my long-term 6 months out View

Is the this high

Should be Trad

Two and three

How we trade over the next

Coming week

Will determine the likelihood of that happening obviously

But I want to see is there any sensitivity

I thought should we trade down to it

I'd rather see it not

Close in this entire range up from

This candles High

I don't want to see come back down into that

Better scenario B is

Maybe come down a little bit

And then go

That's what I'd like to see

Then that's kind of like what I'm making room for in my analysis yes I think the dollar could go up a little bit

But it's a short-term correction

Overall bearish

I don't see anything bullish about the US economy right now

I don't feel

That

Anything has really

Changed yet

We just need to be bouncing around probably for a range and then that same thing is being expected here on Euro if the

Or does consolidate

Your will be Consolidated too kind of like what we see here

It's a smaller one of that in here

And then potentially running up into the 126s that's kind of like what I'm looking for the next 6 months

I'm providing a lot of time 6 months but it could happen in

The month of February you know or it could even actually happen

Yeah before January end

I personally I'm presenting it in such a way where

At the beginning year I like to look at what I think could happen

In the next 6 months

And when we get to June I try to predict

Based on running scenarios and looking a hard time frame charts

What's it likely to do and what direction and I look for things

Support that narrative

So I'm going to give you the

The bones if you will

Of how I do what I do

All right moving into the weekly chart

I'm trying to move a little bit quicker the

Levels that were on a monthly chart are shown here

And we do have a fair value got there

Refined on the weekly chart so we're using the actual weekly range

From

Candles low in this candles high so we have

Everybody got here

Which overlaps inside of a bullish OtterBox so if we drop back down in that could also be an area

To watch for a formation of a continuation on the upside if we trade down through it say we get through this candles High

Trade down below it it could dip into this

Little Gap here with everybody

I'm not interested

You at trading at that one I would have to demand

Some price action start moving up and then if it could find some support back in

Everybody got at that time

And we use those

A levels as you're learning

In a core content and commentaries

We can revisit these fair value gaps and they'll act like support resistance it's supposed to but

Hardly ever does

You can see the installation order for entry drills

In here

On the weekly

Lemon here and one in here and then finally started moving higher

Again

Just might need to consolidate a little bit with a small little retracement before moving up into rejection block

I favor the rejection block

Near term

And it could go there and then have

A deeper retracement and leave the bicycle equity

Untapped that could happen

And that's the reason why we

Learn about the rejection block because in every swing High

The highest up close

That's the most sensitive draw on

For instance like when we draw a support resistance as a retail trading we first learn how to trade

Everyone teaches us with these books that okay the old high and the old low we put a line there if it turned there before

Or it's probably going to turn there again

Idea if you apply it to rejection block

And the rejection block is the highest up close price

In the swing

And or the lowest

Down clothes in the swing

If you use the rejection block

Many times that's going to be the draw on the run into this old area of order flow

Nothing always

Outline that

And in price delivery but

That's the one I personally elect to use because

That's how the markets generally like the book

Okay I'm usually we'll see guys they'll be like okay look at the Wicks and you draw a range in here and that's

Forget that it's just the closing price

That's the level that it's trying to reach for

Okay if it doesn't take out the old high altogether

It's going to be looking for that highest up close

Price and take my word for it if you go through your charts you'll see it on every time frame predominantly

That's what's actually occur

Because that's what the algorithm reaches for

Okay that's the very PD array that if you understand that

You folks that are just join your learning something that the folks that have been here for a while

Have never heard me talk about

I've mentioned it in passing subtle little nuances about it

But I'm telling you that's the price

That you want to focus on as the draw it doesn't need to get about

These old ties

It doesn't need to get just to the the bearish order block

It's going to draw many times just to the rejection

Okay

Even if you're wrong and it doesn't trade there if you use that as the basis of where the market should be trying to go to and you're doing it with a

Hard time frame

You're going to have a lot of advantages in your analysis by using that

And accepting the failures when it doesn't get there who cares if you're taking partials along the way

Come on if you didn't work a full week of

Of your job and you're supposed to be there

You know 40 hours a week

And you got sick

And you had to go home for 3 3 hours early

Yeah are you upset

Yeah man you didn't get everything you respected to make

But are you going to die from being short 3 hours

No

It's an inconvenience

It is what it is but you look at this way I didn't have to be at work for the 3 hours sick right

So what are you focusing on

The positive you're saying

I didn't have to endure 3 hours of

Being around that boss I can't stand to be around

Sorry I'm just thinking about some of the jobs I've had now and

3 hours around someone I can stand and never forgive me I don't mean to speak like that but you know what it's like you have jobs

You don't want to be around these people

But are you going to be upset and focus on the fact that you were short 3 hours or are you going to be like and I'm so glad I didn't have to be there

Sick as a dog

Donors 3 hours I went home sick

So did you get everything you wanted

No

But you're telling yourself

What

You're giving yourself that little nudge to say okay

Yeah I didn't make what else has to make I'm going to be short and funds

But look

I gained from it I gained additional comfort

I gained a difference

Of environment being sick at home is better than being sick at work

That's kind of like what

Child like cultivate here in your learning

Is the focus on the positive things

And not to be a cult like mentality

Because a lot of our

Detractors out there

I'd like to say that I'm a cult leader and this is a cult

No I'm actually teaching you how to think the right way about a lot of things and you're going to be exposed to things not just charting

And trading

But

Operate a very effective life

And in manage your life effectively

Trading's going to reveal to you

Wear your problems are

And you have to be aware what they are when it's being shown to you

And learn how to correct it

And you'll see that 90% of this stuff is all mental

If you don't have the right mentality

It does not matter the things I teach you

You will still mess up

Because

You were going to get in your own way

But anyway

Can you tell Ben pent up we had a long break with all the holidays and such and

I just feel like I want to just go

All kinds of ranch but the

Fairway Gap here

We saw institutional order for entry drill multiple times going in that before moving up if you look at the range low here to this

Hi if we have a measured move

It looks like we can still reach into that rejection block

So again this low to this high

Do this on your chart draw a trend line from the low

To that high

Duplicate it

Okay clone

And then drive it over to this low here

And put

The one you used here put it right there

And projected up and you'll see we're up in this area

So it's a it's a measured move idea

It's very generic idea or if you want to look at like this

You have a bowl flag

Okay classic

Chart pattern continuation

It also lines with

I'll run into that rejection block it doesn't necessarily mean it's going to run above the by side liquidity even though that's what I would like to see happen

Can run just to the rejection block then fine

But the current price structure that we have here we have all this

Wicking in here

And yeah the next two weeks in the US

What's going to happen is it going to be another event before

You know the inauguration on January 20th

Are there some Buzz about whether or not there's going to be another

Episode

In the in DC

People showing up with guns and

In a protest

If that happens we probably going to have a problem

But

Anything can happen

In the central banks will use those things

To manipulate sentiment in the marketplace

So just be mindful of that going into it

I think I said enough about this time friends go back down into a daily chart and I

Take your attention right here your small little Fair Bay Gap that's right above the bullish order block

Which is also a breaker

And we have

This little area here so if we do see dollar rally a little bit more

Then I'm looking for

Euro may need to come back down into

This small little Gap right there and take some salsa liquidity out

We'll have to see at that time it would need to immediately show sensitivity there

And want to Rally if it goes through that

And comes back up into this

Then I was expected to be bearish and then I would anticipate this eventually going into that

Relative equal

How much if it goes below this little area right there

Okay if it goes down through that

And comes back up

I would sell

Euro

It went at the anticipation of this

Being the draw on liquidity

When a longer-term basis

And that we have made some kind of important High here

But as long as we drop down into this and we start the rally then everything that up here

If it hasn't been traded to already

That would be really expected but if we drop if you draw up here first

Then go down here I'm not looking for that as a buy then

That's algorithmic Theory as well

So it's a matter what trades to next

Gives us Logic on what we would anticipate going forward

And I don't expect you to understand what I just said

But once you get through the lessons I'm going to give you in 2021 as a charter member

What I just said with me much more meaningful to you

And I know some of the new people are listening

Would I sign up to I promise you stick with it you'll see

And ultimately on the 60 Minute chart for the euro dollar you can see we have

Of reference in here to have a breaker we have a

Low high

That runs

By side liquidity all these equal highs or relative equal highs people that like to see that they think that's like a ceiling in

It's a resistance and then finally price breaks through it

And they think okay this is a run higher it's broke out

And then it goes lower

And it takes out the low prior to that new high

This is your breaker

But watch what happens when it comes down

And comes right back up into this area over here but doesn't make a higher high

That makes this

A mitigation

Notice the difference here

We have a high

Higher

Contrast that

With a high a low a lower high

This is a mitigation

This town close candle

And the down clothes came over here is a break

Both instances they are bear

In nature

It doesn't always form this but when it does

You're not concerning yourself so much with the breaker you're going to concern yourself more so with the mitigation block

The breaker's done its job but this becomes a shift in Market structure when it comes down through the breaker

And if it runs back up in here

This could lead to a cell but I don't like to sell

Against

The underlying order flow that I think is

In power

What am I saying by that

I've been bullshero bearish dollar

The fact that we did this

Okay I'm running a little slow here

I don't see that as a break in Market structure if that's what you're thinking

I see that as running stops and then I have to see do we take out the high

If we don't take out the high and then it comes all the way back down and blows out through this low here

Think about what I'm talking about here I'm giving you

Logic I'm giving you scenarios that would lead to when and why I take action when do I

Take a trade

How does a trade form

All this price action we're expecting higher prices in Euro you'll see this in all the commentaries

We were bullsh

But once it makes a higher high and then it breaks down that sets the stage for a breaker

But if we run higher and then don't take out this high and then take out that that low here

This

Becomes the shift in Market struct

From bullsh to bearish

On the near term

It doesn't necessarily mean it's a underlying

Clear reversal if you will it just means that

On the short term using Market structure this is indicating that

Everything that was taken out here on a cell stop for longs

When it rise up here

Traders that did not have their stop here

Will now have her stop here

Because it's starting to Rally up

When it takes out that low here

Return to that damn close candles low or closing price

When that occurs

They're going to be allowed

How do you know it's spending time in here

At that level

You see that

Allowing traders that are looking for what I'm showing you here

They don't find it in book

He's not tall in anything

Okay it's not supplying demand

This

Is the algorithm

Holding price around a specific level

So that way they can mitigate what are they meeting what is actually happening

If Traders were long and they bought cell stops here

Smart money I'm not talking about retail

If smart Money traders bought the cell stops resting below here

They wrote all this up

If they held until too long and got caught in this

When it comes back up here it's the algorithms giving those informed Traders

On an Institutional level

I'm not talking about City I'm not talking about

Goldman Sachs cuz there's guys don't know what I'm talking about

I'm talking about the upper tier

Bank Traders

Are working for the central banks in Central Bank

They have

The delivery it's their commodity price is their commodity

They set the price

It's whatever they want it to be not what your

Say it should be

It's not what the economy says it is because they can reprice it make it whatever they want it to be

That's how they control

The growth

Slow down the pace of growth in other countries

So it's control it's a form of control

So when you understand that this algorithm

Is holding price so that way

They can mitigate

The losses

That they had by buying these cell stops

It's staying in this period

Like this at this level so they can get out

At or very close to where they bought without having

A lot of drawdown

And then the market does what it drops down

And then comes right back up to do what this is the indication

That he would look for for going short so informed smart Money traders on institutional level

When they see this it's returning back to an imbalance

And this mitigation block

So this is a short

The consequent encroachment or midpoint

Of this candles high and this candles love so all this one single down candle

That's an imbalance of selling

The only way that they can find efficiency there is to see price trade back up when it's trading up

Short Traders

Or trying to enter there

When it trades

You're trying to short there they are not afraid to do that and you'll see by learning from me these are IDE

Optimal entries

Not optimal trade ENT

These are optimal ENT

Period where at one point this candle was all up close

Looking and had no wick on it didn't have any of this kind of stuff it was all just a big up close

Looking candle white was still forming as it hit the midpoint of this candles low and it's high

Split that in half and you'll see it's going right there that's what I teach is consequent encroachment this is reasonable

Okay it can encroach on this entire downside delivery

A price

It can encroach to the midpoint of that and still not go all the way up here and still that's a good trade

So the best case scenario would be entering there but you can enter at this level or up in between

This point here and maybe you'll have a small like say you want to do 10

Okay I'll give you an example

You can do

Here

To hear

And that would be the best

Or you can do

Five here

If it gets filled great and put five in here on a limit if it trades there

Great

Or you can do five

Three and then put two lots up here if it gets a complete fill but you don't get a fill in those last two

And it's okay cuz you have the bulk of your entry in here scaled in

So you learn scaling techniques like how to get in

At the best price points

And

Making it available for you not to get everything you know

The exact price point

The market does tank

And then trades below this low here for South liquidity

We have small little Fair Bay you got right there so watch that it might need to do that

Return there and we're inside of a breaker

High low high same thing I outlined here

We're seeing it again here

So it's the clothes to the low

Watch sensitivity in

And we'll see if it wants to round out a another run into that 12152 and 3

So South Equity is next draw

On liquidity for you so I think that's where it's going to try to go to

15 minute time frame on Euro we can see that it is

A little bit more clear to see all the

Details here

El Paso equipo here trades up into the fair value you got consequent encouragement

Breaks down

This is a mitigation

Block and trading up into that also within the context of a breaker as well

So again it looks like it's heavy it might just need to roll over and we're watching for 12150 121

Two

We going into cable

And I'll get through this a little quicker

Possibly resting above the high and we have the rejection block here that's the draw on liquidity

Pair has had a lot of mess we went down and took out South Dakota here

Better imbalance

This candles live discounts high it's fair value it oversight a little bit went to the bullish order block

And then rally up

Leaving the fair value guy

And took out bicycle we were looking for

Little bit of imbalance in here that's basically almost filled in

And that

Coupled with what I'm going to show you on the weekly chart now

Look at all the difficulty and even though it's going up like we were expecting it

Look at how difficult it is to pick

The discount array or the buy points

Okay

Again we're transposing everything from that

Monthly chart for the weekly chart and we're refining the

Imbalances here on the weekly

We have a fair value Gavin here trades down into it

Look at all the consolidation here and then finally breaks higher

Comes back down into an area of overflow here

Been out in time to find sensitivity there

You'll learn about how to take Fairway gaps that are old and protect them in the future

And we cut through candles that also negate the idea that what I teach is supplying demand because they don't like to cut through candles

They like fresh zones there's no fresh Zone there's nothing stale

Okay it's logic in case narrative

So the market

Trades back down into

This old area overflow

Okay and

Rise again

Fall short of the breaker which is this low again high low higher high

Down clothes can on the middle that your breaker and swallowing and balance there as well

And the bull

Candle in

Around here the two candles up here

Once it breaks down out of that that becomes a bearish order block

That's what's up here so these are the PD arrays or the upside objectives should dollar go lower

And cable trade higher

I just don't trust this pair because of the brexit I don't trust his pair because of the

The endless lockdowns you guys are going through and it's just showing you things that are just

Hard it's a really hard read

If you look at the daily chart

It's just really hard to get a read on

The imbalances

It's just all over the place in here

It's very very difficult so when you're looking at this price action

You're left with

A very confusing

Thing even though we've been calling it higher

I have been not wanting to put my hands on it because it doesn't have really clear

Define

PD raise that makes it clear to read price

Contrast that with what we seen in euro dollar and you'll see

Why I've been focusing on your own

So when you have all these

Back and forth

Spiky tight moves

Even though it's moving higher

Even back in here when I was doing it has not created really clear and balances fair value gapsible blocks

It's been muddy

And when there's conflicting signals or PD arrays that could lead to bullishness or barrenness

And you can argue both sides

That means that that's a pair that doesn't have highlight a lot of probability

Or at least very clean price action

In on the hourly chart you can see we were looking at this

A high and then when it rally back up in here I said we could we could eventually run out these relative e colios and trade into this fair value which

I think it's probably going to be the case

I'm going into this week

We did trade below the lows here didn't quite get into the fair Bay you got yet but certainly looks like it's heavy

And we'll see if it wants to do that

How would you have a little bit of

Self-adcoity in here that I think would be interesting to see if it runs into that

But more specifically I'm keeping my focus there on that fair value

And on the 15 minute time frame you can see we have advice of liquidity the fair value Gap

We trade up into that

Again

After the run here that was the idea I was giving you on the midweek review

We Spike up into

Does area here take out my self liquidity

And it breaks down trades into a fair value got there

And then this goes into muddy price action so

Long story short look at this pair versus the euro dollar and you'll see

This pairs very difficult to read right now

Just it's got a lot of mess in it

And you would not be

Best suited trading this pair

And not treating Euro where is treating euro is the better option because of the purity

In its price deliver

So I said a lot in this video hopefully you glean something from it I probably confuse the new people but trust me

You're going to learn a whole lot of stuff that was talked about in this and some of you that are trying to remember probably looking at this and saying well you know

I'm getting things even still out of this now and that's

That's progress

So until I talk to you next time be safe I'll catch up with you by way of the community tab on YouTube I'm sure

All right maybe review next Wednesday