All language subtitles for 6 - HighReward EN

okay.

Folks.

Welcome to the sixth teaching a motto
of the ICT, mentorship, learning

specifically dealing with the secrets
to high reward trading setups.

Some of, you may have already went through
my trading plan development series.

Um, it was a long video series
as a lot of information.

It was really aimed for those
individuals that have never really

had exposure to the marketplace.

Um, giving them ideas on what direction
to go and what to focus on primarily.

And while it is a great deal of
information for a neophyte, uh, it is

necessary to go through those things
because it has to, uh, give you well,

not, it doesn't have to, but when you're
first starting out, it's important that

you have a mentor or you have a framework
or a foundation to build upon to give

your, your trading career a direction.

Um, one of the most reoccurring themes in.

My role as a mentor is new.

Where do I begin?

What should I do first?

Where should I be focusing
my attention at now?

What should I be studying?

Okay.

And while the trading plan
development series is still good,

it's still valuable in my opinion.

Um, not because I made it, but
because it's, again, it's useful.

Uh, some of you and majority of
you actually are actually really

exposed to my content and my
material as it relates to trading

specifically to, uh, foreign exchange.

But I think that the, if, if one were to.

Look at what I actually
do on a day by day basis.

Uh, what is the procedure?

What are the things that I do to
elect a specific stance on the

marketplace and what makes me bullish?

What makes me bearish?

Why do I focus on one
currency pair over another?

Um, all those things are
decisions and processes.

And while we will have specifics in
relationship to how I arrive at individual

specific views or decision points as
relates to how everything fits together

on in my decision process, um, it's
important that we start with kind of like

a, um, a micro version of the trading
plan development series in this teaching.

That's what this is.

Um, while it's not going to be
comprehensive as the trading

plan development series.

Was, um, this one's going to
be a little bit more specific.

Uh, it's gonna be more salient
to the things that I do as

a specific Forex trader.

Um, I don't look at all the things
that the trading plan development

series, um, view course spoke about.

Um, they do occasionally come up in my
thought processes, but they're not all

required to come to a trade decision.

Okay.

So we're going to go through a lot of the
things that I believe that if you've been

exposed to at least all my free tutorials
are, we're gonna be able to get down to

a little bit more process and a decision
based parameters in this teaching.

Now it's important also that we
go into this with the proper mind.

Okay.

I don't want anybody thinking that
we're going into trade signals.

We're not talking about trading patterns.

We're not talking about a stop-loss
placement or, or trade management.

None of those things are important here.

This is the last primer for us.

Before we start going into the
specifics of breaking down individual

decisions, um, each process, which.

As a collective whole, as we'll discuss
in this teaching will you'll see

that that's how the ICT mindset is.

You know, what we do on a day
by day basis, what frames our

opinion about certain things.

And when do we change those opinions?

And when do we, uh, move to the
sideline, all those things come

by way of process thinking.

Okay.

And it's important that you understand
that while entry signals and stop

placement and patterns in order
blocks and overflow and all the

ICT, you know, jargon and the things
that get really, uh, exciting.

Um, there's gotta be a little bit
of dry, uh, information presented

to you and it's important.

So I don't want you to look at this
video and go through it and walk

away with, well, you know, this
isn't really teaching me anything.

It really is teaching you.

It's going to teach you how
number one to think in terms of

foundations, because we have to
understand where we're building on.

To elect a decision, but relative
to whether we're going to be a

buyer or seller or where we're
going to stay in on the sidelines.

Okay.

Because that's the real secret to
trading, um, understanding what makes

the process arrive at a decision.

Okay.

You know, what is the process?

You know, what are the components
that help you arrive at whether you

should be a trader buying or selling
or staying on the sidelines and what

asset class should you be trading?

And what specific pair are going to
be dealing with foreign exchange as

we are in this teaching, all those
things will be, um, a little bit more

clear, a lot more clear, I should
say, by having the thought processes

of that, I'm going to introduce here.

Now.

Obviously there has to
be a specific order.

Okay.

There's got to be in the hierarchy
to what it is that we do as a trader.

What makes our decisions, um,
Incremental w what, what do we do first?

What do we focus on first?

And obviously I've been a, um, a strong
supporter of the notion that every

trader needs to have patience, obviously.

And, you know, after patients, then we
have to understand when you obviously,

what defines trade environments,
you know, are the environments

conducive for trading right now?

Uh, that's an, a topic that obviously
goes, um, largely, uh, taught by

majority of everyone that's teaching
and has courses or whatever they do

in terms of, uh, teaching the poppy.

And I do a lot of work with
that in this mentorship.

And it's going to be a lot more, uh,
spread across the entire mentor shifts.

I don't really have one specific
teaching to talks about.

Um, when you shouldn't trade, there's
going to be a lot of things that

you'll come by experience and learning
that define those environments.

Okay.

Uh, the next stage is obviously it's
determined a trade parameter and you know,

what makes your trading, um, you, uh,
buy or sell, you know, what gives you,

um, those notions to even take action?

Obviously it's not simply, you know,
well, it's been going up for the last

60 minutes, so I'm going to buy, or
it's going to be going lower because

of an interest rate announcement.

I believe that's going to happen.

So therefore I'm going to treat
them that it has to be very defined.

Okay.

It has to be.

Specific it has to be binary.

You do this or you don't do this.

Okay.

Do X or do Y okay.

It has to be a very black
or white decision process.

If you don't have your trading plan
or your perspective or, or a process,

you know, in determining whether you
want to be a trader buying or selling

right now, or staying on the sidelines,
it will create a huge vacuum where

lots of emotional, psychological
and impulsive trading will creep in.

And if you don't have these binary thought
processes and where you're specifically

dealing with in terms of decision-making,
you won't have any structure and without

structure, without having a refined, clear
trading model, what defines your trading?

What makes your trading
model uniquely yours?

You're gonna.

And it doesn't matter who teaches you.

It doesn't matter what principle,
what discipline you trade with.

It's going to be an impossible endeavor
if you do not become highly organized.

So the athlete, after a long period
of time spending in front of charts

and, and work with individuals and
myself as a, as a trader, because I'm

always a student, I'm always learning
something about myself as a trader, uh,

not so much about the market anymore.

And I don't mean to sound arrogant,
but most of my learning comes by way

of my individual, uh, experience.

And you're a learned that, uh,
that actually helps you refine

your, your, uh, trade parameters.

And next, obviously you need to know
what makes your executable criteria,

what it is, what makes you be the
buyer or the seller, and, you know,

having those, those parameters defined.

It's not just simply
I'm bullish right now.

Okay.

Well, if you're bullish, what would
you do to be a buyer and what would

make that buying scenario, uh, negated?

What would, what would change the,
the, the tone of the marketplace for

you to either move to the sidelines?

If you have a stop-loss head, do you still
consider that being a buying condition?

And these things have to be specific.

They have to be highly refined.

It's gotta be like a flow chart format.

It's gotta, you have to go
from one step to the next.

And if it's not like that again,
you're going to be very emotional.

You're going to be very psychologically,
uh, influenced by the things that you

see in the price action and worse by
online media forums, Twitter, Facebook,

people talking to you and you're at work.

And you have friends that maybe,
you know, they are traders.

All those things are going
to be influential to you.

And it's going to be detrimental
to your performance as a trader.

So we don't care what
anybody else's opinion is.

We don't care about what, uh, their,
uh, opinion of our trading model is.

In fact, we're not really trying to
share our trading model to anybody.

It's a unique trading plan
and trading model for you.

Okay.

And you're going to define
that, refine it to yourself.

And that's going to be your graduation
when you know exactly what's going to

be framing your trading model and you'll
have a lot of help along the way through

the remaining months of this mentorship,
but they have to be defined by you.

I can't force you to be a day trader.

I can't force you to
be a short-term trader.

I can't force you to be a swing trader
you'll know which one that is for

you by the end of this mentorship.

And then more importantly, you
have to understand why the trade

should pan out and understand
what makes the trade viable.

Okay.

It's not just simply I see a trading
pattern here, or, um, I believe on bullish

or I believe on bears in the marketplace.

There has to be a real understanding
of why that scenario should

take place and largely this is
going to come by experience.

Okay.

And obviously that experience comes
by taking action in a demo account.

And when you do that
experience should be low.

And kept for future reference.

Uh, that's the only way
you're really going to learn.

Um, obviously if you just go into a demo
account and you click on buy and sell and

you're just waiting to see the outcome and
you want to attribute the winning trades

as you're a good trader and the losing
trades, well, that really didn't happen.

So therefore it doesn't make a
difference to me, um, that doesn't

help you as a developing trader.

So the real secrets to, um, finding
high reward trade setups is that

number one, you have to know what it
is specifically you're looking for

and where to find that information.

So before we get into all those things,
I want you to understand that it's

crucial to understand that efficiency
in trading comes by way of process

oriented thinking it doesn't come
by way of reactionary or impulsive

thinking, which also leads to rushing
ahead and trade signals prematurely.

I could tell you if we were all going to
sit at the top of my email box and look

at some of the things that I got and by
way of feedback, um, it's the reoccurring

thing is, is I want to see trades.

I want to see entries.

I want to see, um, get me in and
get me out that type of perspective.

And I understand that I get that.

Okay.

But I can tell you being from
where you are right now and where

I am now, in my understanding as a
trader, I can tell you, that's not

what you need to know right now.

And it doesn't feel good to hear
that it feels like I'm leading

you down the Primrose lane.

If he is like, I'm just, you know, uh,
you know, differing, you know, something

that you think you need to have right now.

And that's not true.

What it is is you have to develop
a process oriented thinking.

And that means I can show you order book.

You know, I can show
you, um, uh, breakers.

I can show you institutional
order flow, uh, returning back

to, um, uh, mitigation block.

Okay.

I can show you examples of that,
but until you understand the process

behind why these things should be
doing what they're going to do, it's

going to be really no help to you.

It's going to feel like
I'm demonstrating toys.

It's going to feel like I'm, you know,
showing you what this is, what I can do.

And that's not what this is all about.

It's to show you with an intimate
experience on a day-by-day basis, a

weekly basis, a teaching tutorial basis,
a theme generalized over the month.

Okay.

That builds on your total understanding.

Um, the folks that are struggling
right now are the folks that are

really trying to be a reactionary
or they're impulsively thinking

about what they want to do, right.

And that's the hardest
thing for traders to do.

When he first got involved with learning,
they have this insatiable desire.

They have to be trading right now.

They want to get in.

They want to take signals.

Okay.

And I spent the entire first month,
September on a day-by-day basis

showing you that there are a plethora
of trading signals all the time.

We were laser guided precision.

There's no reason for you to be feeling
rushed, adopt Tobar didn't change.

Okay.

The way practice is being delivered,
none of these concepts fell out of fad.

Okay.

It still works.

But I needed to show you the first
month that there's nothing that's going

to hinder your ability to find signals
because there's always a lot of them.

The problem is going to be is,
is you don't know what defines

the setups for you as a trader.

And you're not going to have a
process oriented thinking that leads

you to high reward, trade setup.

And it's, it comes by experience.

It comes by showing you conceptual
ideas and a broad brush idea of

breaking down what it is that
we look for in the marketplace.

And where does that information reside?

So it's real important.

Before we get into this, that this is
important that you focus on the fact that

what I'm showing you in this teaching,
while it doesn't give you technicals,

it doesn't give you trade scenarios.

It doesn't give you a specific,
get in, get out type things.

I'm I'm of the mindset that this is
exactly what I needed to be told when

I first started as a trader, but no
one was around to tell me these things.

No one had the experience around me, or I
had the, uh, the avenue of reaching them.

Like you have with me, you have a very
intimate relationship with me as a mentor

because I'm spending a great deal of time.

And I'm investing a lot of my
time by way of my expenses.

And it takes a lot of time to communicate
that because we're talking about

someone that's been doing this for two
decades or more, and there's a lot of

lessons I learned and there's a lot
of lessons that I resisted initially.

And some of those are the same things.

I'm one of those individuals
that are feeling it right now.

And you know who you are because right
now you're squirming, you're wanting to

get on, get on with it, get on with it.

Michael, if you're feeling that
you're in that reactionary, impulsive

thinking, okay, you need to change that.

Suppress that.

It's hard.

I know it's hard, but you're not going
to get to high reward trading scenarios.

Okay.

That you can find very quickly
in the marketplace that you can

find consistently efficiently.

All those things are going to
evade you because you're looking

to do something right now.

And professional traders are not
in a rush to put money at work.

They want to sit back
and wait for a scenario.

That makes sense.

So if, if we were all in a room.

And everyone had a chance
to ask me something.

I can tell you the number
one reoccurring question.

If we were all to write it down on a
piece of paper ahead of time, not just

the broken vocally, say it that way.

No one would new basically
replay it and repeat it.

The, uh, the question would come up
way of what makes me think this order

blocks going to do what or what makes
me think that this level's going

to keep price from going higher?

Or what, why do I think that you to swing
should go up after midnight and then sell

off, you know, what are all those things?

And I understand why you're
asking those questions and they

have the same types of questions
that I had about the marketplace.

But again, I didn't have anybody to
direct those questions to, but it's

important that you understand that.

There's no way I can actually answer that
question to you now, because we haven't

gone through all of the things that are
necessary for me to adequately answer.

It would, it's almost like I'm
creating an additional language on

top of what you've already arrived at
by going through my free tutorials.

And that's why I require 12 months with
me because it's going to basically beat

it in your brains by hearing over and
over again, specifically dealing with it.

I'm going to try a trade by trade
basis, a daily, uh, involvement,

um, the, uh, the application.

And that's going to be, you know, the big
takeaway you're going to have experience.

Whereas if I just wrote a book
or if I made some DVDs or CDs and

you watch them, uh, that will be
it, it would be rather stilted.

You would come away
with, well, that's cool.

I can see how it works sometimes,
or I can see how it works in

the past, but you don't have the
intimate relationship of sitting

down and going through the process.

Okay.

And I explain why it should take place.

We did some of that on a micro scale
in September, but we need to go through

a process, uh, of, uh, outlining, you
know, what the beginning foundations

are going to be, because as we go
into the fourth, fifth, and six month,

they're going to be greatly, um,
uh, focused on the, the components

that make up the trade templates.

Okay.

In other words, at the end of your
mentorship, you're actually going

to get a flow chart for when to be.

For swing trades wanting to be a
seller for swing trades, every specific

decision point that goes through
my head as a trader and what tools

you use for each decision point.

And what's the response
that you should have?

Um, everything that we use,
everything that I go through in my

tools, uh, for short term trading,
same way, what makes me be a buyer?

What makes me be a seller?

You know, what makes trade no longer?

Good.

Where does my stock go?

When do I move my stop?

All those decisions that go
through my new, my mental process.

Okay.

Because whatever, everything I
do is process oriented thinking

and it comes across as well.

You you're just really good at this
and it's not that I'm good at it.

It's just, I'm experienced at it.

And I know what decision
I need to make right now.

And sometimes it's sit on the sidelines
and because I've done it so long.

That experience gives me
reference to go to mentally.

And it only takes a few seconds sometimes
to arrive at where I think the market's

going to go based on these processes now,
while it seems like it's a great deal

of information and I'm, jawboning here.

It's important that you
really, really listen.

So if you're, this is one of
those videos, because there's no

charts here, you need to sit down
and listen, don't be watching TV.

Don't you know, don't be having
your kids in the sidelines.

Okay.

Distracting you, you need to
be paying attention to this

one because it's important.

Okay.

So let's take a look.

Yeah.

How we go about this using the tools
and all the, uh, the processes along

the lines of ICT related information.

Um, obviously again, we're not talking
about D trade plan development series.

Okay.

It's just like a micro scale
version of all that stuff.

So we're going go right into where the
information is going to reside and what

you're going to be looking for in these
specific areas of study before we get

into any high reward trading scenario.

But we have to understand,
obviously there's going to

be a big picture perspective.

Okay.

And w when I say big picture perspective,
it's primarily for areas of reference,

it's going to be macro market analysis.

It's going to be inter I'm sorry,
interest rate analysis, intermarket

analysis and seasonal influences

index.

Next area of studies is going to
be for an intermediate perspective.

Uh, we're gonna be looking
at top down analysis.

Cot data, which is commitment
of traders and market sentiment.

And for our short-term perspective, we're
gonna be looking at correlation analysis

time and price theory and IPTA, which is
the interbank price delivery algorithm.

Okay.

Now looking closer at the big picture
perspective, we're going to take a look at

what makes up our big picture perspective.

Um, obviously there's four areas of study
and again, my, uh, macro market analysis,

interest rate analysis, intermarket
analysis and seasonal influences, a little

bit of a tongue twister here, folks.

Um, when we look at the big
picture perspective, okay.

Uh, while there's four areas of
study, um, we're going to need to

primarily focus on at least two of
these that have to come into it.

Okay.

Um, what I mean by that is our
macro analysis, our interest rate

analysis, our inter market analysis
and seasonal influences, uh, all four.

These do not have to agree.

Okay.

But you do need to have two of
these components to arrive at

your big picture perspective.

Okay.

And that words are our grand
scheme of things are, are

our big picture perspective.

Okay.

Is going to be defined by at
least two of these areas of study.

They have to come into agreement.

It doesn't matter which of these four
that you elect to subscribe to, but

they have to come in an agreement.

So let's take a look at, um,
a little bit more information

about each one of these four.

Okay.

So again, focusing on the big
picture perspective, the first

thing we're going to be looking
at is the macro market analysis.

Now, this is really simply described
as, are we in an inflationary market

or are we in a deflationary market
when the markets or a currency or

country is in a inflationary condition?

Uh, it's going to have a direct
relationship on the currency.

Obviously when they're in a
deflationary market condition,

that's going to have a relationship
or a response to their currency.

Um, it also, in terms of equities is going
to have a direct relationship to that.

So when we talk about, uh, commodities
and we talk about, um, stock prices

later on in this mentorship, uh,
inflationary and deflationary market

conditions are going to have a
large, uh, impact on that as well.

The next area is interest rate analysis.

And obviously when we're looking at
interest rates, we have to consider,

are we looking at higher interest rates?

Have we seen a trend in interest rates?

Have they been climbing?

Are we looking at lower interest rates?

Um, have we just had, uh, rates,
uh, uh, decrease or have we seen

a trend in lower interest rates or
do we have an unexpected change?

It's something coming out with,
uh, you know, FMC that, uh, their

currency coming out and, uh, intervene
in their currency by having an

unexpected interest rate change.

Uh, did they hike interest rates or
did they do an unexpected, uh, rate cut

and also, uh, by looking at interest
rates, which is not noted here?

Uh, we look at differentials between,
uh, two interest rate markets.

So between a currency that has
a high interest rate and another

currency has a low interest rate.

Uh, many times that creates what's
called a caring, uh, um, And carrying

charge market where you can actually
have, uh, a very easy way of finding

a trades directional when it has that.

Um, but again, you know
what we're looking at.

If we were just looking at these two
primary areas of focus for the big

picture perspective, um, we could
have the macro market analysis and

the ways we could see an inflation
in the market and, uh, interest rates

alignment with that perspective.

And that would give us
our big picture analysis.

In other words, that would frame on a
grand scale, are we a buyer or seller?

And we want to focus primarily on that.

The next area of study is inter market
analysis, and it's going to come by

way of the CRB index or we're focusing
primarily on the commodity market.

And we're looking at the
relationship between the

commodities and the us dollar index.

Uh, you're going to see many times,
um, the markets between commodities

and the dollar index are inversely.

In other words, if the dollar index
is going up, usually commodity prices

are going down and when commodity
prices are going up, usually the

dollar is going higher and vice versa.

In other words, um, again, looking
at these three areas of study, uh,

we need to have these areas of study
to come in agreement, to arrive

at our big picture perspective.

Okay.

We could see a interest rate, uh,
market, uh, indicating that there are

lower rates on the horizon or, um, or
higher interest rates on the horizon.

And that's gonna, you know, lend well
to a directional bias on a currency.

And if we see that same time happening
where the commodity market wants

to go higher, and the dollar index
wants to go lower, that gives us a

framework for a high reward chain
scenario relative to the big picture.

So the only thing we're doing now
is framing three areas of study.

Okay.

And if I haven't said it already, uh, what
makes a high reward trade setup is if your

big picture perspective, your intermediate
perspective and your short-term

perspective is all in agreement.

Okay.

And directional wise, if you want to
be a buyer or seller relative to those

three perspectives on the marketplace,
if those three are in alignment and you

trade on that side of the marketplace,
that is high reward trading scenarios or.

And the last and the four
is seasonal influences.

And that is obviously you speaking on
terms of, are we in a bullish, seasonal

tendency for that asset class or, or a
payer or currency or for the dollar for

that matter, um, or, or commodities,
if you, if we're studying commodities,

there's a large, uh, seasonal influence
that has, um, an effect on commodities.

And if we see that, obviously
there's going to be mirrored and

what we see in the dollar index.

Okay.

Um, the CRB index is entering a time when
commodities as a whole, usually go higher.

Uh, that's going to put
downward pressure on the dollar.

So if there's gonna be downward pressure
on the dollar, that means that we can see

easy buy signals in currencies to have
interest rates that are going higher.

And that, that chasing of yield okay.

With the currency makes
a high reward trades.

And then obviously there's bears
seasonal tendencies as well.

But when we go forward in the mentorship,
we're actually going to be breaking

down what specifically frames a
inflation, I'm sorry to inflationary

market and a deflationary market,
and how to go in and look at interest

rates specifically and how they use
the interest rate market for timing.

So it gives us a stage on when this
criteria is in place, what we do with

it, you know, what, when should we
be buying or selling relative to the

interest rate analysis that we see
and the same thing with intermarket

analysis and seasonal tendencies,

the next area of focus is obviously
the intermediate perspective.

And that is by way of looking
at a top down analysis, uh, the

commitment traders, data and market
sentiment, and for intermediate

perspective, there's only really
three things that you're looking for.

Okay.

At least two of these things
have to come in an agreement.

So that means by looking at these
three specific components, okay.

Top down analysis is simply just looking
at, um, uh, higher timeframes down

to a lower timeframe and CRT again,
if you're not familiar, what that

is, it's commitment of traders data.

Uh, what we do is we look at the CFTC
re uh, report that comes out every week

and it gives us a reportable level,
uh, report on, uh, large commercial

traders, uh, large speculators.

And obviously the small specks.

We're not really so
concerned about small specks.

Small specks will be
somebody like ourselves.

You know, when we're trading in
unreportable, uh, levels and almonds,

we don't, we don't trade at a level
where we have to report our trade

size, which is mandated by the CFTC.

At least in the states.

It is.

And the market sentiment
is simply a, I use markets.

Okay, which is a measure of brokerage
firms actually calling around and getting

a consensus on whether they believe a
particular market is bullish or bearish.

And it's basically, it's an opinion.

Um, you can, you can use other
things like, um, there's certain

websites out there that have, uh,
a bullish or bears, um, an opinion.

Um, like if you go to bar chart.com
and you pull up a specific commodity,

uh, you can actually see what the
community at large in net forum has

for that particular, um, that view.

Um, I think there's, uh, pretty much
just about every forum out there

has a way of measuring sentiment.

And I do a lot of research on Saturdays.

With that perspective alone.

I go through a lot of resources
and actually show you where I

go and get all my sentiments.

But, uh, it's again, this teaching is not
going to teach you everything about every

individual component, but the components
that we're talking about specifically,

we're laying down the foundation because
it's important that we know where our

study is going to be focused going
through this mentorship and why it's not

a lot of information, but it's a little
bit of homework that's needed for you.

Did they get to the decision making
processes that I go through as a teacher?

So again, intermediate perspective, let's
take a closer look at these three things.

Okay.

So enemy perspective on the
marketplace, framing, high reward

trading scenarios or setups.

Okay.

Top down analysis is obviously this
going through a monthly chart and

we do Mar monthly chart analysis.

And w what specifically are we
looking for in a monthly chart?

Um, you know, obviously without
going into great detail, because

I'm not trying to teach it all here.

Uh, the monthly chart is
we're looking at key levels.

We're looking at intermediate
and longterm highs and lows.

Uh, we're looking at, uh, uh, specific
order blocks and we're looking at, uh, you

know, levels that show a clear indication
of wanting to repel price higher or lower.

And the same thing as
said for the weekly chart.

Uh, when we look at the weekly
charts, we're looking at again,

a higher timeframe perspective.

So it gives us a great deal of framework
for high reward trading scenarios,

simply because of the weekly chart being
again, a weekly chart, uh, large funds.

Okay.

Large managed funds do a great
deal of analysis on weekly charts.

Okay.

Um, most of their work really comes
by way of monthly and weekly and

they usually execute on daily charts.

Okay.

So it's important that, that you
understand that that's the reason

why the markets move around.

Like they do, um, most folks that have
YouTube channels and, and Facebook,

uh, you know, uh, accounts and they're
out there trying to pretend that

there are some kind of analysis or I'm
sorry, analyst, or, or teacher, um,

they'll be teaching with a one minute
chart or a five minute chart, right.

They, they lead individuals to believe
that these intraday charts have some

influence over price and they don't,
all they're doing is reflecting.

Okay.

What is going to be arrived at, by looking
at a monthly, weekly and a daily chart?

Because those three timeframes are
really what makes the markets move by

having these intermediate perspectives.

Okay.

Again, you have to have at
least two of these, uh, the

areas of focus in agreement.

So in other words, you can have a, an
idea on a monthly chart that frames

one of the two things that lead to
your intermediate term perspective.

Okay.

And it could be, obviously it
can be all for the weekly chart

or it could be the daily chart.

Okay.

But that would be one of the two
that's necessary to frame your enemy.

The next area of study
would be a C a T data.

Okay.

That's obviously looking at the
bullish hedging by smart money

or the commercial traders or the
bears hedging by the smart money.

And again, if you haven't watched
any of my free tutorials, um, there's

teachings on commitment of traders.

Um, it's important to know that you'll
learn everything you need to know

about cot data in this mentorship.

So even if you haven't
watched the videos, okay.

Or familiar with commitment and traders,
just settle down, relax, please.

Don't send me a Twitter storm of questions
or emails because everything I'm talking

about here, I'm laying down a foundation.

Okay.

These are the things that you need
to be starting to write down in your

notebook, because there's going to be
areas in your notebook that you need to

have specific notes relative to these.

Okay.

And I will give you everything you
need to know and more trust me, but

I'm just giving you the foundation
of where our study is going forward.

Okay.

Going into this mentorship, and
obviously with the cot data, we

look at extreme levels historically.

And in the last 12 months, in the last
four years, uh, when the commercials on

the commitment traders report get to a
12 month extreme, higher or low, I don't

want to say if they have a real extreme,
high reading or low reading relative to

the net sum zero line that that's used
for the cot, uh, net traded physician

chart, which you'll learn all about,
um, that usually sometimes indicates

a change in their hedging program.

And it gives you a real clear
indication of there's probably an

enemy in term or longterm high form.

And the last is market sentiment.

Obviously we're looking at extreme market
bullishness or extreme market bearishness

and again, that's one of the things
that come by way of my Saturday studies.

I go through all of the things
that lead to my, uh, opinion or

my own individual market sentiment
readings based on a number of areas.

I go and look for, uh, readings.

And then I get an average of that
reading and come away with a consensus,

whether or not we're either at
a bullish or bearish sentiment.

Now, again, out of these three, you need
to have at least two of them in agreement,

the least the, uh, of significance
is obvious the market sentiment.

But the main thing is, uh, you know,
the top-down analysis, you have to

have a level or an idea relative to
the monthly, the weekly or the daily.

It does not require two
of those timeframes.

It just needs to be.

Okay.

Uh, you can trade really without the,
uh, monthly, weekly and daily chart

and trade on a idea of relative to the
commitment of traders and sentiment.

Now think about that.

You're probably thinking, wait a minute,
Michael, when you say we got to use a

daily chart, we've got use a weekly chart.

We gotta use a monthly chart.

Yeah, you can, but you can still
use the commitment, traders data

information I'm going to provide to
you and market sentiment to frame

your intermediate perspective.

Now, obviously we're not executing
on an intermediate basis, but

it frames your trade idea.

You need one of two, at least three
to come in and agreement with your

intermediate term perspective.

Now I know what some of
you were already thinking.

Well, what if I look at a monthly chart
and it tells me that this is bullish

and the weekly chart says it's bearish
and a daily chart is bearish, but the

commandment trader says it's bullish
and market sentiment is extremely bad.

Okay.

What do I do with all that information?

How do I arrive at that?

That's all going to be taught to
you in the mentorship, but the

main thing is, is this criteria is
what we'll be using going forward.

So that way, when we look at the market
in these views, you'll understand why I'm

doing what I'm doing, because it's based
on the things that you're seeing here.

Okay.

So again, just knew that to have the
intermediate perspective outlined,

if it come to an agreement that at
least two of these areas of study or

focus for the enemy term perspective,
you have to come into agreement with,

with two of them, no words either have
to be a buyer based on two specific

areas of study here out of the three.

Okay.

So again, as an example, you know,
the weekly chart indicates a higher

prices and commitment traders
suggesting that there's bullishness

on the stance of the commercials.

Uh, that would be enough to frame a.

Intermediate term perspective.

That means you're gonna simply wait
around for a short-term perspective,

that lines up with buying and
that's really all we do here.

That's all we're doing.

Okay.

So we're going to frame
a macro big perspective.

Okay.

And then eating an intermediate term
perspective and a short-term perspective.

That's what we're looking at next.

Keisha for short-term perspectives,
we're going to be looking at the

correlation analysis time and price
theory and IPTA, which is again,

interbank price delivery algorithm.

So take a coach.

Look at this short-term perspective.

Okay, so right away, there should be
something staring at you that now all of

a sudden, we have to look at three things
to arrive at our short-term perspective.

And the reason why is because most
people just look at it and one minute

chart, or if I'm in insurance says,
okay, well, this is what all I need.

And that's what gets them in trouble.

Okay.

So when we look at short term
perspectives, okay, we're gonna be

looking at the correlation analysis.

And again, that is going to be
linked to your understanding of

the U S dollar index SMT analysis.

And I know it's probably
went way over your head.

If you're new, if you never went through
my free tutorials, that's probably

sounds like, uh, something you hear
from NASA, but, uh, that the dollar

index SMT analysis is basically just
looking at the relationship between

the dollar making higher highs.

Um, A relationship between a currency
to the dollar, like the British pound,

for instance, if the dollar is making
higher highs, if the British pound

versus the dollar fails to make lower
lows, uh, that's a cracking correlation.

And we, we view that with
a specific idea in mind.

And the other, uh, correlation analysis
concept that I use is correlated pair

SMT analysis, where we look at, uh,
closely correlated pairs, like for

instance, a Euro dollar and the British
pound dollar, uh, because usually

they move in a general same direction.

Not always, obviously you can
see what the Brexit issue.

Um, generally when there's a symmetrical
market, which we learned about in this

mentorship already, uh, correlated payers
move in tandem, um, when they do not

move in tandem, that obviously gives
us a lot of insight in terms of how

we should be trading the marketplace.

If it is not moving in
tandem, then obviously that's

indication that we do not have.

Asymmetrical market.

So that means we have to be very
selective with our trades because

now there is the lack of summit
symmetry in the marketplace.

That means the dollar is
very clearly moving higher.

All foreign currencies are
moving lower in sympathy.

Next area of study is
time and price theory.

Okay.

And so in time and price theory,
we're looking specifically

at the quarterly effect.

That means every every three months
or so, uh, there is a new price shift

in, in, uh, the higher timeframes.

In the words, if the market's been
going higher, uh, generally you

probably see the market go into a
consolidation over the next three months.

Uh, not for the next entire three months,
but over the course of three months,

if the market's been going higher,
uh, you'll probably see the market

going to consolidation or reverse.

Okay.

And if the market's been going low.

Okay.

Over the next three months, uh, we may
see a consolidation and then go into

range or it could reverse and go higher.

And then we just, we were watching
them, uh, the market over a it's

usually a three to four months.

So I'll out a little bit of overlap
in terms of calendar months.

It's not specific daily.

Uh, you know, I'm sorry, it's not
specific to the first of every

month to the end of, uh, you know,
the last day of the third month.

I, it's not that clear cut.

Uh, so we look at the market with
a quarterly perspective and allow,

um, the next shift in market
structure to, uh, uh, unfold.

There's a monthly effect where we
look at the monthly ranges and we

look at, uh, specific points of
reference relative to the monthly.

And then obviously the weekly
rains, most of you know about that.

Cause I teach a lot in my free tutorials
about a one shot, one kill setups,

which I think is like, that's like my
bread and butter go to, uh, that's how

I, that's how I define my own trading.

I am a weekly range trader,
uh, by far and large.

That's usually how I'm
treating the marketplace.

I'm looking for capitalizing, uh,
at least the lion's portion of what

I interpret as the weekly rains
that may unfold for the week ahead.

And then obviously the daily range
daily range is the time and price

theory that we use for engineering to
daily range, uh, that the power three,

you open high, low, and close how that
transforms into the actual daily candle.

Uh, you know, those theories
and ideas concepts will we'll

teach a great deal about that.

Uh, and, and obviously time and time of
day, um, w we'll build on, what's already

been shared in the free tutorials and
you'll actually have, uh, really precision

based concepts, uh, as it relates to that.

And I'm finally APTA, which is the
interbank price delivery algorithm.

Uh, we'll be nailing down
institutional order flow.

We'll understand, obviously, by looking
at liquidity, we'll be looking at

how the market seeks liquidity and
we'll be finishing up our perspective

on market efficiency paradigm.

So when we are looking at the short-term
perspective, we require three things.

Okay.

Three things must come by way
of these three areas of study,

correlation, analysis, time
and price theory, and the APTA.

Preferably you have to have
at least one from each.

Okay.

So going, where do you have to have
a, your dollar index has given you

an indication that it's showing you
a crack and correlation or correlated

pair SMT is giving you insight.

Okay.

So that would be one way of
determining correlation analysis.

The next area is crucial time and price.

You have to have something from the time
price theory to indicate where you're at

relative to the short term perspective.

Now you're probably thinking, okay, well,
how is the quarterly affected a monthly

effect or a weekly range, a short-term
perspective, uh, because short term is

what you're actually going to execute on.

Okay.

It doesn't mean this is your five
minute or 15 minute, uh, set up.

It's just, this is your
short-term perspective.

So we're looking at framing, the
ideas of trading around a big picture

perspective, intermediate term
perspective, and a short-term perspective.

When we get things in alignment that
lead to us, being a buyer all across

those three perspectives, being a big
picture perspective and immediate term

perspective, and a short term perspective,
we are highly prepared to find high reward

setups, to be a buyer in those conditions.

Doesn't mean you're going to have a.

No losses and you're
going to have all winners.

It doesn't mean that.

Okay.

But we have a context that we frame
our ideas of trades with that model,

or at least that's how I do it.

So that's why you're here.

You're going to learn how I do it.

So this is how I do it.

Um, we can have the correlated
analysis, give us a indication that,

uh, we're going to be bullish on dollar,
which would be bearish on foreign

currencies and time and price theory.

Okay.

Uh, quarterly effect.

Um, w maybe we've seen
the market moving higher.

Okay.

In recent months.

And we're probably getting
ready to go into a down cycle.

Okay.

And that would, uh, lend
well to, um, you know, being.

On foreign currencies, uh, maybe
the, uh, um, the weekly range.

Okay.

Maybe we have, uh, initially at the
beginning of the week, we've rallied out

from Sunday and the Monday, and now we're
primarily looking for what lower prices.

And if we see that weakness on the part
of foreign currencies, relative to what

the dollar index is suggesting, okay,
these are all scenarios I'm giving you

just, and I get, cause some of you,
you're probably thinking Institute vague.

Isn't that helpful?

Okay.

Believe me.

This is, this is what
really trading is all about.

You're doing all these
things behind the scene.

The very little bit of time
that's used to execute trades.

Okay.

That's so tiny.

The most of your time is going to be,
it'll be in the process of deciding

whether or not you should be a buyer or
seller and what frames that criteria.

And obviously the time of day, um, you
know, are we in a time of day where

it's conducive for the trade, the setup?

Okay.

Um, we may not have anything immediately
off the quarterly effect or a monthly

effect or weekly range or the daily range.

Okay.

Let the time of day may indicate
that now suddenly there's

something that we could do.

Okay.

And obviously APTA is always going
to be essential, uh, understanding

institutional order flow and
understanding where liquidity is and

why the market will seek that liquidity.

And our perspective is always with
the market efficiency paradigm.

We look at the marketplace in
terms of where are the orders and

it's not the orders of the smart.

Okay.

Like supply and demand tries to teach.

They teach you that this is
where smart money orders are.

And this is where smart money,
uh, uh, wants to go back to.

They're not always knowing that there's
sometimes seeking where existing olders

are that would allow them to engineer
counterparties to their execution.

Okay.

So in other words, they're run
old highs for the buy stops.

They'll run old lows for the
sell stops because that will be a

forced injection of liquidity to be
counterparty to their bookmaking.

So we're going to go forward in
our studies, in his mentorship

with a great deal of, uh,
refinement on all of these things.

And I know some of you probably looked
at this and say, well, this is a lot

of just boring information, but I
have to give you a context of where

our area of study is going to be.

So in the grand scheme of
things, we're going to be

breaking them out, sit down and.

Nice specific perspectives.

And then what we do in these respective,
uh, areas of study that give us what

we're supposed to be specifically
doing on a day by day basis.

Now it looks like, and I've
been talking for a long time.

It looks like a lot of information and a
lot of things to do before you come away

with, okay, I'm going to be by herself.

You'll see.

Obviously the big picture perspective.

You usually have that at the beginning
of the week and the intermediate term

perspective, you usually have that
at the beginning of the week, too.

It can happen or change gears in
the middle of the week, relative

to Tuesday and Wednesday, but
usually the short-term perspective.

That's the one that usually
changes on a day by day basis.

Okay.

So I understand that while we're doing a
lot of our homework and the big picture

perspective and Amy and term perspective,
and we can do that on the weekends.

Uh, your nightly or daily procedures will
be largely in this list that you see.

So when we do like, um,
live sessions, okay.

I'm operating from this scale right here.

I'm looking for three things
that come in agreement.

And that's why when I call a specific
move in the marketplace, they usually

go there and I'm using this right here.

They are all linked to my understanding
of what I arrived at for my intermediate

term perspective and my big picture.

Okay.

But once you understand price
action extremely well, and

yeah, you operate as a scalper.

Okay.

And I'm not trying to induce
the notion of scalping as a, as

a, uh, an ideal way of trading.

But I know someone you're going to take
my information and do that in variably.

Um, you can just use what you see
here, and you can be a very efficient

scalper if you understand what is
being shown here and what specifically

that we do with this information and
you understanding what the quarterly

effect is, what the monthly effect is,
weekly range, daily range and time.

Understanding what SMT divergence is and
correlate SMT divergence and understand

what that cracking correlation means
for you as a trader, and then obviously

understanding institutional or foe,
whereas the stops and why those stops

would be necessarily up for grabs.

Why would the market go there?

And that's what the market
efficiency paradigm is.

So again, this is the only thing that
you need to be worrying about in terms

of trade plan development for the ICT
mentorship, all of these things come by

way of very, very short amount of time
looking at price and you'll come away

with what you want to do right away.

And initially you're going
to write down these things.

Okay.

I, I believe that, uh, the big picture
perspective is I believe that it's

going to be this, this and this.

And then you're going to go
into enemy term perspective.

And, you know, you come away with your
analysis on what you believe there.

When you see the short-term perspective,
you go through these same processes here.

Uh, basically what you saw me doing
with the exception of not bringing

out the SMT diversions, um, studies
in September, because I was looking

at it, but you just didn't see it.

The, uh, I was operating on this,
this short-term perspective.

That's how that's my, this is my model.

Okay.

So as a day trader as a short-term trader
and as a one shot, one kill trader,

this is all the information I need.

I don't need anything
else outside of this page.

You're looking at right here.

I just need three things to
come in agreement with that.

And then I'll understand where
it short term perspective is and

where the market's going to go.

And that's why I'm like
90 plus percent accurate.

In the month of September, we pretty
much had a hundred percent hit rate

when everything, when I asked the market
to show us in terms of where it was

going to go and why it would go there.

It's not always going to be that easy.

There's going to be transitions
obviously on an intermediate term

basis and even a long-term basis.

And that will cause you to
have hiccups or speed bumps,

if you will, or barriers okay.

On the short-term perspectives.

And that's where the
losses are going to be.

You're going to find that your
losses are not incurred so much by

way of trading in the intermediate
and long-term perspective.

The big picture when you're trading a,
those higher timeframes, those trades

generally will serve you very well.

You will still have losses,
but you're going to find it.

All of your trades that have
the majority of the losing side

it's going to be because you're
in this short-term perspective

and you either force something.

That market's in transition
and yet to allow for that.

Okay.

So if you're focusing on the
higher timeframe perspective and

your trades, that is an advantage.

So while we see me operating a lot with
the 15 minute timeframe and the four

hour and the one hour chart, um, the
things that we talk about are largely

on the weekly and the daily chart.

And if we do that primarily in all
of our trade setups requiring a big

picture perspective and intermediate
term perspective and a short-term

perspective in alignment and agreement,
that means all three, uh, we come away

with a reason for expecting that outcome.

In other words, higher
prices or lower prices.

Um, thinking about what we have here, we
have to have seven things in agreement to

make a high reward, trade scenario, okay.

For a high reward trading setup, it
has to be four things in agreement.

That means you have to have two things.

In agreement from the big picture
perspective, you have to have two things

in agreement with the intermediate
term perspective, then you have to

have all three that's listed here.

Okay.

You have to have one from each one
of these three to come in agreement

with all three perspectives, the big
picture to intermediate term perspective

and the short term perspective.

And if you frame your trades with
this mindset, what that does, is it

number one, it gives you clarity.

Number one, it gives you an
understanding of what it is that you

should be expecting to see in the
marketplace and why which is important.

Okay.

It's not important to understand every
dynamic behind what's being shown here

for each perspective on the marketplace
of study, that's going to be taught

to you, but understanding that you
need to have seven things, okay.

Seven things that build
high reward traits.

Okay.

This is not execution.

This is not entry.

It just gives you the framework.

What makes that trade high
probability or basically high reward.

You still have to wait for a entry signal.

And again, that's the least
of your concern right now.

So that's what I'm saying by looking at
this information like this, even without

going into great detail about each
individual component, you can see clearly

that there is a method behind what I do.

Okay.

Folks that are on the outside,
they'd look at what I do.

And they say, well, it's,
there's no real structure here.

There's no real, um, plan of action.

Now there's no way of knowing
what it is that I should be doing

from the beginning to the end.

And that is because they have not been
exposed to what you're being exposed to.

Now, there is a method, there is
a rhythm, there's a routine that

you go through, but they have to
come by way of a process oriented.

And this is how I break the market down.

This is how I internalize it.

And I do it through the process of
going through these three perspectives.

And by doing that, it gives
me everything that I need in

terms of arriving at a decision.

And once you have that same process
of, uh, thinking, okay, you'll have no

problem going through the marketplace,
finding scenarios and setups, and in

picking out what gives you your unique
trade set up that you like to trade.

If you find very easy and the clarity will
be exactly as you imagined it would be.

And when you get in front of the
chart, it just jumps off at you.

Okay.

That's how it will be
for you as a new trader.

You don't get exposed to
these types of thinking.

You don't get exposed to these
process, uh, you know, uh, uh,

procedures where you have to look
at things conceptually, because

number one, it doesn't sell courses.

It doesn't make you want
to watch that YouTube.

You don't want to listen to this one.

Okay.

But this is where the real meat is.

Okay.

You have to know why these things make
a difference and why it's important that

you understand what you need to be doing
for individual perspectives of study.

And then once you go through it and
understand it it's like anything

else, no one wants to read the
driver's manual to learn how to drive.

No one wants to look at the instruction
manual on how to put that TV standard

together that you had to buy.

Cause your wife said you had to have it.

Okay.

And you just want to look at
the parts and fit it together so

you can quickly get through it.

You can't do that with trading.

Okay.

You have to go through this boring stuff.

And it means a great deal.

Trust me, if I would have been told this
initially I would have ignored it too.

I would have just pushed it aside.

And I was looking for, give me the buy
signals and give me the sell signals.

Cause that's how I thought too.

Once I felt the pain of not knowing what I
was doing, then I suddenly got interested

in what makes traders think the way.

And then what's the process of why
they think they way they think.

And why, why did they build
their trading plans around that?

And if you think about it, what
do you not see in the marketplace?

When people sell things and they
sell courses and stuff, what is it?

They don't sell.

They never sell you an
actual trading plan.

They never sell you a step-by-step.

This is what you're going to do.

And this is the reason
why it should do this.

No one does that.

That was my goal for this mentorship.

I want to show you what
specifically I do as a trader.

Now I'm going to give you all kinds
of ideas on how you can refine

that and make it uniquely yours.

And you can define your own trading
model around that, because I believe

just like Chris, Laurie has said, and
I was in agreement with him when he

said it, you can't copy someone else.

You can't do it.

And some of you want to be just like
me as a trader and do this and do that.

You're only really asking to be
able to call moves and track.

Did a levels, like I call it an advance.

So it's not that you
want to trade like me.

You want to have the ability to read and
interpret price acts in the same way I do.

And that's what you bought and paid for.

And that's what you're
going to get as a delivery.

By the end of this mentorship,
you're going to have everything

that I do, why I do what I do
and how I arrive at understanding

is what it has been shown here.

There's no secret sauce.

There's nothing outside of.

What's been shown here, the theory
behind why they all blend together.

Okay.

That's what we'll be building on.

And at the end, once we understand
intimately what each one of these

perspectives we're looking for
and what criteria lends well for

the decision-making process for
each individual perspective and

individual respective component.

Once we have that, then we
have the building blocks.

The flow chart for every model of trading
that there can be day trading, scalping,

swing trading, one shot, one kill, you
know, position trading, all those things.

It's easy for me to have a flow chart
and say, okay, XYZ, do this, or do that.

You'll know what I mean by that.

And that's what I said.

If I, if I put the flow chart up
on the website right now, and you

wouldn't be able to do anything
with it, it would be no use to you.

You couldn't do anything with it, but by
breaking down these individual components

intimately you'll know what I mean
when I say, okay, do this or do that.

Okay.

You're okay.

Well, I understand what that means.

And then I know how to arrive at
the decision relative to those.

Points of reference.

And then by doing that, you'll
work through the flow chart.

And you'll either come to the decision
point where you take action or you

stand and you wait for more information
or you go back to the previous stage

and you wait for more information
there and it makes it very binary.

You need your trading
to be just like that.

It's boring.

And that's exactly what you want.

You do not want high
excitement in your trading.

Only do that on the weekends.

When you had a really good smashing
week, when you just killed it,

that's when emotions are allowed.

But throughout the week, when the markets
are still trading, you can not allow

your emotions to get ahead of yourself.

You can't get crazy and you
want your trading to be boring.

You want it to be monotonous.

You want it to be mundane and routine.

Yeah, nothing exciting about it.

That's when you know that you're
going to be forced by emotion.

You're not to be drawn
in by fear and greed.

It's this business as usual.

It's the same thing all the time.

And you hear it sometimes when
I'm talking, uh, you know, I'll

talk about associate level, the
markets start screaming for it.

I'm still talking, you know, I'm
not worrying about it because

I've seen it too many times.

The whole time that the room is lit up.

They're like, I can't
believe this happening.

Look how it's moving.

Look at it went right to the PIP.

You're all experiencing
that for the first time.

You, especially in December, everyone that
was watching on a day to day by basis.

That's not something that I get excited
about unless, you know, I see a real new

trader when they get in there and they
start looking at it and their response

is then I can get to relive that moment.

But when we go through the process of
breaking down the markets and we're

looking for high reward trading scenarios,
you have to suppress that desire.

Don't be in a rush to get to
that feeling of you were right.

And look at the market.

Don't do that.

And by having a process oriented
thinking, you're thinking binary

it's X or it's oh, it's on.

Or it's off it's black or it's white.

That's how your trading has.

And if you can work your trading model
into that area of study and execution, you

will have no problem with fear and greed.

You won't rush, you won't
have any issues at all.

And just like we've mentioned in the
previous teaching, uh, if you have a

loss, there's no reason to worry about it.

It's very easy to get it back.

And even if you have a string of losses,
it doesn't take long to recoup that.

But if you lose your mind, okay.

Thinking all of a sudden the
markets are, you know, are not

going to work like this again.

And there's no reason to think that way.

You'll see by the end of this mentorship,
you'll know everything you need to know

and how to operate and execute and engage
the marketplace on a day-by-day basis.

And you'll know what
exactly you're going to do.

Right.

But it comes by what we just
described here and all the framework

that's been shown here, nothing
outside of this, no secret stuff.

Okay.

Everything refined to great
detail, minute detail.

And then what that all allow us to
do is to have specific processes

that will lend well to specific
conditions that we'll talk about.

And then all that will give us our
trade scenarios and setups, but the

ingredient behind it all is what's
been shown here in this tutorial.

And it's important that you
understand that this is exactly

what you would be wanting to
know, but you just didn't know it.

And it doesn't sound sexy.

It doesn't make a good course.

It doesn't make a good video YouTube.

Um, if, if you were to just explain
this, if someone was to show just a

PDF file on this video, maybe like this
is telling me nothing, but it really

is when we're going to build on it.

It's exactly the, the framework
or the backbone of how.

How I'm able to call the markets
and why they go, where they go and

beforehand, how I showed 59% in one
month, you know, with my FX book for

October, so far, all that is because
of, what's just been shown here and my

implementation of all that information.

So I want you to understand it.

We're going to build on this
individually, conceptually, and then

once we flesh it all out, it'll be easy
to be able to provide a PDF file and

you'll know exactly what that means.

When you look at the PFO, why these
information reference points are

influential in terms of decision makers.

Okay.

And once you have that, you'll be
exactly what you signed up for.

Independent thinking, efficient trading.