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Okay folks.
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Welcome back.
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We are looking at Tuesday's
calendar for November 22nd, 2016.
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We have 4:30 AM, British pound public
sector, net borrowing, and then we have
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6:30 AM we have an MPC member or speaking?
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So it might be a little bit
of a, an opportunity in here.
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We'll we'll watch it presently
we're long Euro dollar via Twitter.
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And so we are, uh, we're looking
for a run on that 1 0 6 50.
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By stop area.
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As soon as we poke our head
above that, we're going to be
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00:00:32,744 --> 00:00:33,945
looking to scale something off.
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I'm going to be taking two of the
three lots I have on off at that point.
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It's an insert as soon
as we get above here.
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And when I was walking,
hopefully see it go to 1 0 6 55.
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The, I tweet the links guys.
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So it's up to you to click
on it, registered and get in.
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00:00:48,915 --> 00:00:50,565
I'm doing it early
enough for you to get in.
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00:00:51,644 --> 00:00:54,405
And I'm prompting you now on the
Twitter, but you know, it's beginning.
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Now we cleared this area in here.
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We had to shake that out a little bit now.
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A good distance away from it.
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So we want to see it expand up
through this old high that's the
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next area of logical liquidity.
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00:01:06,405 --> 00:01:09,615
My entry is based on
this last down candle.
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It's high.
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As right here, this candle
was dropping down into it.
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My long entry fills there and you got
to have the spread almost missed it.
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I was reading emails and responding to
let me go check the markets real quick
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before we get on this live session.
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And I'm like, oh, look at Euro.
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Yes, I'll be teaching an MTU technique.
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Well, I'm teaching you the framework
of why you gotta look for a trade
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before you even look for an entry.
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You gotta have to determine if there
is a reason to be buying or selling.
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If you don't have that behind it,
then entry, signals and techniques
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don't mean anything to you.
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Canadian dollar.
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We're going to look at around
eight o'clock in the morning.
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We're going to come back
for the New York session.
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Chris says my entries, your
stop-loss ICT and trading me.
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That's good.
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That's the goal.
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You want to be better?
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Why did it permit me?
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Why am I treating three lights?
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Because I only use the 15 PIP
stop-loss I mean, the equity
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per, per, uh, it allows it.
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All right.
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00:02:06,710 --> 00:02:10,130
So if you look at the four hour on the
left hand side, I'm going to be pushing
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00:02:10,130 --> 00:02:12,650
this, uh, question box out of my way now.
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So I can't see anything you're saying.
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Wanna be able to focus.
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They're this old, low back here.
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Now what comes in at 1 0 6 63.
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Yeah, 1 0 6 63.
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So our expectation is it's
going to drive through the next
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round five level or zero level.
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So I got 1, 2, 6 65, and
I have my limit order.
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00:02:36,750 --> 00:02:42,420
Should we get some kind of a, a real
run up here and around 61 pips now
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00:02:42,420 --> 00:02:43,950
I don't expect it to go right there.
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I have it there in case kind of like I
have a stop loss as a catastrophic stop.
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Like it's the worst I could, uh,
be willing to accept as a loss.
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I have that same thing when I put my,
my limit on when I'm still uncertain
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at the refined where I want to get
out at, to me, this, this would be
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00:03:01,875 --> 00:03:03,135
a nice little area to get out at.
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If it can just take off and I won't
get a chance to get out, and there's
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00:03:06,255 --> 00:03:08,835
nothing better than a traded you get in.
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00:03:08,955 --> 00:03:11,085
And he goes way beyond where
you thought we're going to go.
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00:03:11,955 --> 00:03:12,825
That's a real nice feeling.
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00:03:15,615 --> 00:03:18,585
So I have my, uh, my limit
there and I'm going to be using
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00:03:19,665 --> 00:03:21,045
logical areas to take profits.
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00:03:21,075 --> 00:03:23,805
First one obviously is we're
looking for 100, six fifties to
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00:03:23,805 --> 00:03:26,685
give up the ghost and OHI back here.
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So it's so obvious that
it's where it wants to go.
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So you'd have to sit back
and wait for it to the trade.
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Dear.
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I want to see it go to 1 0 6 55,
just because that's the instructions
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I've given folks, which is five pips.
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Old.
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Hi, let me get that tweet ready.
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By the way, when you guys are watching
the playback on the recordings, uh, it's
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also beneficial for you to remember it.
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You can maximize the screen
when you maximize the screen.
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It goes to high definition.
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A lot of folks just watch it when the
playback starts and they're unaware
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00:04:03,405 --> 00:04:05,024
that there's a lower right-hand corner.
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There's a little toggle box.
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You click on it.
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It magnifies it.
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On that main pipe, but
maximizes it rather.
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And that way you get the full HD effect.
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Okay.
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00:04:14,144 --> 00:04:17,685
So we're gonna be looking for a drive
through not just poke a head above it.
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You want to see it, shoot through it,
looking for it to reach to one in 6
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00:04:21,779 --> 00:04:27,075
55 to one to 6 65, we got to try to
start keeping these videos shorter.
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It's a lot of work yesterday.
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Trim out all that dead
space where there's no.
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00:04:33,960 --> 00:04:39,090
That video was, uh, like two hours long
and I reduced it down to like 40 minutes.
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00:04:40,020 --> 00:04:42,840
Think pound it'll reach up into this area.
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00:04:42,840 --> 00:04:43,290
One more time.
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00:04:43,290 --> 00:04:47,040
We were looking at twenty-five 20
level, just fell short of that.
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00:04:48,210 --> 00:04:53,640
So I want to see it run up air,
maybe reject above these highs.
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00:04:54,570 --> 00:04:57,060
And we have two candles
trade up to this level here.
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One.
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Too.
106
00:04:59,250 --> 00:05:01,830
So you want to try to see price,
stay above that level right here.
107
00:05:01,830 --> 00:05:02,549
That's ideal.
108
00:05:03,299 --> 00:05:05,359
So one, a six 40 is okay to do retouch.
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00:05:05,820 --> 00:05:12,539
Just don't want to see
a give back below 35.
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00:05:14,039 --> 00:05:17,070
You don't want to say, go back
below here, raising the stop
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00:05:17,070 --> 00:05:19,349
up to just above my entry.
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00:05:19,679 --> 00:05:23,010
It shouldn't return back to
that and take one off here.
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That news coming out in seven
minutes, six minutes or so it
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00:05:31,140 --> 00:05:32,310
should take a look at this.
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You see the response, that's it.
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00:05:34,140 --> 00:05:37,590
After it goes down to this area here,
remember the delivery is only upside
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00:05:37,590 --> 00:05:40,049
here on this keynotes only upside.
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00:05:40,620 --> 00:05:42,510
They came back down
into that area as well.
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00:05:43,380 --> 00:05:48,840
Now we're rejecting, you should flip
through and drive up into that 100, 6 65.
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Okay.
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I've taken one off the boat.
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1 0, 6 50 tweeted the link to the chart
and instructions before actually executed.
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00:06:01,140 --> 00:06:05,100
So you guys can see, I'm not
doing it after trying to be as
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00:06:05,280 --> 00:06:06,870
transparent as I possibly can.
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00:06:06,930 --> 00:06:07,440
And fair.
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I don't want to, I don't want to do
something and say, now do it too.
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00:06:11,610 --> 00:06:14,970
Next upside on your dollar is 1 0 6 65.
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I want to see dollar go down the 155.
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00:06:20,789 --> 00:06:23,010
And then we'll see if it's
going to drop any lower.
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00:06:23,700 --> 00:06:27,419
I liked the 25, 20 level on cable.
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00:06:27,510 --> 00:06:28,979
I just don't see a trade there.
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00:06:29,270 --> 00:06:38,010
Really just going to be a study where
this morning stop goes to 1 0 6 $40 stuck
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00:06:38,010 --> 00:06:42,060
in the mud, not allowing the market to
move as efficiently as they should be.
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00:06:43,530 --> 00:06:48,719
If we run again away from
a 106 50, we get to 180 6.
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00:06:49,965 --> 00:06:56,265
60, I will bring the stop up to
one is 6 45 or 40, 40 to lock in
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00:06:56,265 --> 00:06:59,205
20 points and let it do whatever
it wants to do at that point.
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00:07:01,184 --> 00:07:05,445
Uh, stuck in the mud means, um,
it's just not moving around.
138
00:07:06,044 --> 00:07:07,155
It's kind of like trapped.
139
00:07:09,284 --> 00:07:10,724
I was referring to it a dollar earlier.
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00:07:10,965 --> 00:07:13,155
Let me show you what
that comment was there.
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00:07:15,299 --> 00:07:16,469
We're in this consolidation.
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00:07:17,280 --> 00:07:22,679
So until we break down through or come
back up, we're stuck to, it's going to
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00:07:22,679 --> 00:07:26,250
have a effect on the foreign currency
markets where they can't move efficiently.
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00:07:27,390 --> 00:07:29,310
No, I haven't started my
new, my effects book yet.
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00:07:31,289 --> 00:07:32,400
I have to create a video show.
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What to do and how to set it up.
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00:07:36,525 --> 00:07:38,025
Otherwise I'll have a million questions.
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00:07:40,515 --> 00:07:46,275
Why specifically the 100, 6 40 stop-loss,
uh, we've already ran into this area
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00:07:46,275 --> 00:07:49,815
once before that was mentioning as
early, the price was delivered on
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00:07:49,815 --> 00:07:53,115
the up candle here, the next candle,
it was delivered on the candle.
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00:07:53,655 --> 00:07:57,135
Then we moved away from that area and
we came back down into this area again.
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00:07:57,554 --> 00:07:59,445
So the price was delivered
on the sell side.
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00:08:00,734 --> 00:08:03,435
So it should not come back down
to that price level again, if
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it does the trades no longer.
155
00:08:04,815 --> 00:08:05,085
Good.
156
00:08:05,835 --> 00:08:09,555
And I want to be out at that point
and not having my profits erode.
157
00:08:10,484 --> 00:08:11,805
Does that make sense, Kim?
158
00:08:11,955 --> 00:08:16,905
Can you retried to N I'm sorry,
can you, can we reenter in New
159
00:08:16,905 --> 00:08:19,065
York reenter for a long Euro?
160
00:08:20,534 --> 00:08:26,414
Well, I mean, our objective was 106
65, so it's kind of like real close
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00:08:26,414 --> 00:08:27,555
to where we were hoping to see it.
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Above 106 65.
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I don't have a whole lot
in terms of expectations.
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00:08:35,575 --> 00:08:36,445
I just don't see.
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00:08:36,735 --> 00:08:41,095
It could, it could easily go above
that, but as it is right now, the
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00:08:41,095 --> 00:08:46,705
only thing I was aiming for really was
that 1 0 6 50 by stop area reaching
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00:08:46,705 --> 00:08:48,895
up into as high as one in 6 65.
168
00:08:50,125 --> 00:08:55,495
I see your question, but I see about
600 of them around it, so I can
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00:08:55,495 --> 00:08:57,145
only see whatever my eye catches it.
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00:08:58,905 --> 00:08:59,204
Right.
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00:08:59,204 --> 00:09:03,585
Click modify leaves the volume
section gray and uneditable right.
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00:09:03,675 --> 00:09:06,704
Click and close taking partial profits.
173
00:09:06,704 --> 00:09:07,665
Is that what you're talking about?
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00:09:08,355 --> 00:09:10,095
Are you using empty for, okay.
175
00:09:10,095 --> 00:09:13,395
Soon assuming you have the same
trade that we have here or whatever,
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00:09:13,454 --> 00:09:19,905
whatever your entry is, click on your
entry level for your, uh, for your
177
00:09:19,905 --> 00:09:21,944
trade entry, double click on that.
178
00:09:23,204 --> 00:09:25,185
And your order ticket window will open up.
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00:09:26,475 --> 00:09:30,255
You're going to go up to type
and go to instant execution.
180
00:09:33,345 --> 00:09:33,555
Okay.
181
00:09:33,555 --> 00:09:37,605
From instant execution, you should
see the box light out with this.
182
00:09:38,055 --> 00:09:38,715
Can you see that?
183
00:09:39,225 --> 00:09:42,885
And then you just adjust, like
right now I have one long, uh, mini
184
00:09:42,885 --> 00:09:45,465
still, or one long full standard.
185
00:09:47,145 --> 00:09:49,905
So if I want to take partial profits and
this is do it now, so you can see it.
186
00:09:52,535 --> 00:09:53,735
I'll take half of that off.
187
00:09:53,945 --> 00:09:54,635
If I click close.
188
00:09:55,425 --> 00:09:55,515
Okay.
189
00:09:55,515 --> 00:09:58,935
It reduces me down to only half
of a full standard or five minutes
190
00:09:58,965 --> 00:10:01,065
now to help you my pleasure.
191
00:10:01,545 --> 00:10:02,835
Now I've got to tell
everybody what it did.
192
00:10:03,825 --> 00:10:04,065
Okay.
193
00:10:04,065 --> 00:10:07,335
So, so far the cable hasn't moved on.
194
00:10:07,335 --> 00:10:09,195
It's medium impact news.
195
00:10:09,825 --> 00:10:12,645
And I believe it's because we have
that speaker coming up at six 30.
196
00:10:14,385 --> 00:10:17,175
So the speaker may drive it
up into that 25 20 level.
197
00:10:17,775 --> 00:10:20,655
Um, if they won't let you trail your stop.
198
00:10:22,075 --> 00:10:24,985
Less than 30 pips, I'd go
with a different broker.
199
00:10:25,135 --> 00:10:29,065
That's really just being
a real ignorant provider.
200
00:10:29,905 --> 00:10:35,845
A mini is one 10th of a full standard
lot and a micro is one 10th of a mini.
201
00:10:36,565 --> 00:10:39,535
I don't know how to
embed images to Twitter.
202
00:10:39,655 --> 00:10:42,955
John and stop may get hit at this point.
203
00:10:42,955 --> 00:10:47,605
I don't care because I already
funded the trade and I don't care.
204
00:10:47,605 --> 00:10:48,985
There's no, there's no emotional.
205
00:10:50,070 --> 00:10:52,230
We've taken profits at logical areas.
206
00:10:53,010 --> 00:10:54,120
We've reduced risk.
207
00:10:54,990 --> 00:10:59,490
We executed, you know, oh, I
executed a little late, but uh,
208
00:11:01,320 --> 00:11:03,450
still it's nice to see it pan out.
209
00:11:04,020 --> 00:11:07,530
Oh, if I got to go into my computer
and grab files and do all that stuff,
210
00:11:07,560 --> 00:11:09,240
I'll, I'll, I'll never keep up.
211
00:11:10,170 --> 00:11:12,690
When I print a chart from empty
four, it gives me a link on this
212
00:11:12,690 --> 00:11:16,530
throw that I was tweeting it as soon
as it pops up, like when I print
213
00:11:16,530 --> 00:11:18,150
a chart because gives the option.
214
00:11:19,655 --> 00:11:22,925
And then when I did that, uh,
you can't zoom in on the chart.
215
00:11:23,795 --> 00:11:24,935
So I like grabbing that image.
216
00:11:25,275 --> 00:11:30,485
I see here when you watch me do it,
and that gives you a zoomable chart.
217
00:11:31,055 --> 00:11:32,105
Um, no.
218
00:11:32,314 --> 00:11:37,085
Um, the question is, is, is, is late
execution different from chasing price?
219
00:11:37,595 --> 00:11:42,574
My late execution is I
didn't get this by down here.
220
00:11:43,175 --> 00:11:45,635
I had to get it on a
higher bullish order block.
221
00:11:46,085 --> 00:11:46,235
Okay.
222
00:11:48,450 --> 00:11:51,660
It's below the opening price,
which is here this down candle.
223
00:11:52,080 --> 00:11:52,410
Okay.
224
00:11:52,440 --> 00:12:00,120
So here's the opening price at midnight
and below that that's the minimum filter.
225
00:12:00,180 --> 00:12:06,450
If I want to be long, I want to be
long one on a particular currency.
226
00:12:07,410 --> 00:12:12,360
I want to be either at, or below
the opening price, because I would
227
00:12:12,360 --> 00:12:14,610
expect it to, to expand price.
228
00:12:14,670 --> 00:12:14,910
Huh?
229
00:12:16,320 --> 00:12:19,350
So as long as I'm, I could
literally be, I could, I could
230
00:12:19,350 --> 00:12:23,160
have bought it right at this price
right here as it was running up.
231
00:12:23,580 --> 00:12:29,790
And while it may look like chasing price
there, um, at the, uh, the minimum,
232
00:12:30,360 --> 00:12:32,040
what was the, I guess, what would it be?
233
00:12:32,130 --> 00:12:33,450
The last threshold?
234
00:12:34,230 --> 00:12:37,890
What would be defining a high
probability, low risk entry?
235
00:12:38,280 --> 00:12:41,100
Cause as soon as you get on
the other side of the opening
236
00:12:41,100 --> 00:12:42,830
price, then you are chasing.
237
00:12:43,949 --> 00:12:44,610
That makes sense.
238
00:12:45,000 --> 00:12:45,420
Yes.
239
00:12:45,420 --> 00:12:50,370
On the four hour over here,
these two last two up candles.
240
00:12:50,849 --> 00:12:51,680
I have it sitting up there.
241
00:12:51,680 --> 00:12:55,260
I don't expect it to get there to be
quite honest with you, but I have it
242
00:12:55,260 --> 00:12:56,610
up here just in case I got lucky in it.
243
00:12:56,640 --> 00:12:57,959
Really, it really took off.
244
00:12:58,800 --> 00:13:01,079
I'm really focusing more
on that one in 6 65.
245
00:13:01,079 --> 00:13:04,829
If we give them reasons to want to go
higher at 1 0 6 65, then I'll leave
246
00:13:04,829 --> 00:13:06,060
something to get to this level here.
247
00:13:06,060 --> 00:13:06,270
But.
248
00:13:08,385 --> 00:13:09,464
I'm not so impressed about it.
249
00:13:10,035 --> 00:13:14,805
If we look at the daily chart,
I change it to a bar chart.
250
00:13:16,214 --> 00:13:17,055
Actually, I had it wrong.
251
00:13:17,055 --> 00:13:17,474
I needed it.
252
00:13:19,155 --> 00:13:20,415
Now I've got to get this
thing out of the way.
253
00:13:20,834 --> 00:13:21,614
Hang on one second.
254
00:13:22,994 --> 00:13:25,425
Hopefully we'll see it
run here higher on Euro.
255
00:13:27,344 --> 00:13:31,755
Remember if it starts to run
about 1 0 6 60 starts going
256
00:13:31,755 --> 00:13:34,364
to go up to lock in 20 pips.
257
00:13:35,385 --> 00:13:35,655
Okay.
258
00:13:35,655 --> 00:13:36,704
Stop a raised it.
259
00:13:38,594 --> 00:13:39,974
One is 6 47.
260
00:13:41,775 --> 00:13:44,714
Next upside is at 1, 6 65.
261
00:13:45,974 --> 00:13:48,645
I was trying to zoom in, I had
it where I could have done it,
262
00:13:48,645 --> 00:13:52,244
but now it's not going to let me,
and that's not what I want to do.
263
00:13:52,935 --> 00:13:55,275
I'll have to come back to your
question about what I meant about
264
00:13:55,275 --> 00:13:56,744
the opening price and chasing price.
265
00:13:56,775 --> 00:13:59,685
I just want to make sure we follow
the rest of this tray, cause I'm going
266
00:13:59,685 --> 00:14:00,704
to end up getting distracted and.
267
00:14:02,990 --> 00:14:03,740
It's not what I want to do.
268
00:14:04,280 --> 00:14:06,470
And again, this is the reason
why I don't want to do questions
269
00:14:06,470 --> 00:14:13,880
while we're doing live trades, too
many things to juggle at 21 pips.
270
00:14:14,270 --> 00:14:21,860
Now, normally I wouldn't want to did
jam the stop-loss up like this, but
271
00:14:21,860 --> 00:14:28,090
because we have a holiday week in the U
S and Thanksgiving, it's going to cost.
272
00:14:30,050 --> 00:14:32,329
Volume issues for, uh, for the week.
273
00:14:33,500 --> 00:14:37,729
I want to be able to keep what I earned
at the beginning of the week, which is the
274
00:14:37,729 --> 00:14:39,530
reason why I traded on Monday this week.
275
00:14:40,130 --> 00:14:45,709
Uh, usually I don't trade on Mondays,
but because of Thursday's Thanksgiving
276
00:14:45,709 --> 00:14:50,959
holiday in the U S um, the U S
markets are going to be a thin.
277
00:14:52,900 --> 00:14:57,824
So if it gives you a range in London,
You want to try to take as much as
278
00:14:57,824 --> 00:15:02,625
you can out of it and lock in as much
as you can when it's given to you.
279
00:15:03,435 --> 00:15:08,564
Otherwise, if we didn't have a holiday
this week, I would have left to stop down
280
00:15:08,564 --> 00:15:15,505
a little bit more closer to this area here
and let it run comfortably 2, 1, 2, 6 65.
281
00:15:15,535 --> 00:15:20,295
Then see if it had the ability to
get up, to get 60 pips out of it.
282
00:15:21,464 --> 00:15:22,295
But because it's a holiday.
283
00:15:23,829 --> 00:15:25,000
I'm not inclined to do that.
284
00:15:25,449 --> 00:15:29,199
So you have to change your,
your, uh, thought process
285
00:15:29,199 --> 00:15:30,459
around trading and holidays.
286
00:15:30,490 --> 00:15:34,270
Even if it's not the holiday that you
would observe in your own country.
287
00:15:36,520 --> 00:15:39,339
If it's a, if it's a us holiday,
it's going to have a lot of
288
00:15:39,339 --> 00:15:40,510
impact because of the dollar.
289
00:15:43,089 --> 00:15:45,160
And it doesn't mean that you
won't have trades or setups.
290
00:15:45,160 --> 00:15:49,810
It just means that it's going to
have an effect on the trades that you
291
00:15:49,810 --> 00:15:50,800
take in the beginning of the week.
292
00:15:51,645 --> 00:15:55,095
If it gives you an opportunity
to give, get profits, take them.
293
00:15:55,695 --> 00:15:59,475
Don't be so greedy about expecting
to get a big, huge move that week.
294
00:16:01,185 --> 00:16:05,805
Because many times you won't see that
in the few times you do don't think
295
00:16:05,805 --> 00:16:09,735
that that's the normal air on the air.
296
00:16:09,735 --> 00:16:11,895
On the side of lower volume.
297
00:16:13,375 --> 00:16:17,655
It would be foolish for us to, to see
this range that's been given and give
298
00:16:17,655 --> 00:16:19,965
back and just not have any profit from it.
299
00:16:19,965 --> 00:16:20,225
That would be.
300
00:16:21,925 --> 00:16:25,915
Whereas normally I would let it run
and then allow a little bit of give
301
00:16:25,915 --> 00:16:29,485
back door in the New York session,
which I'm not inclined to do today.
302
00:16:33,055 --> 00:16:33,355
All right.
303
00:16:33,355 --> 00:16:34,675
So now it stops there.
304
00:16:34,705 --> 00:16:36,025
If it hits me, I don't care.
305
00:16:37,375 --> 00:16:39,115
I'm locked in at 21 PIP.
306
00:16:39,125 --> 00:16:45,295
So the, uh, the question earlier
was, you know, a late entry is
307
00:16:45,295 --> 00:16:46,455
at the same as chasing price.
308
00:16:46,455 --> 00:16:47,695
And I went in to talk about that.
309
00:16:48,510 --> 00:16:52,650
Midnight candle, this blue line,
it delineates the midnight candle.
310
00:16:52,650 --> 00:16:59,810
New York in the opening price is too
many things lane laying right on it.
311
00:16:59,820 --> 00:17:04,230
Won't let me get the open price,
but nonetheless it's you can see it.
312
00:17:05,460 --> 00:17:06,300
It's very well.
313
00:17:06,300 --> 00:17:07,319
It's going to start rather.
314
00:17:08,940 --> 00:17:09,810
Okay, stop.
315
00:17:10,980 --> 00:17:11,210
Stop.
316
00:17:11,210 --> 00:17:12,060
The 21.
317
00:17:12,540 --> 00:17:13,950
Let me go update the Twitter account.
318
00:17:15,480 --> 00:17:15,930
There we go.
319
00:17:15,930 --> 00:17:16,500
Now I can see it.
320
00:17:16,500 --> 00:17:17,820
Cause the order is no longer there.
321
00:17:18,810 --> 00:17:24,119
Uh, the close I'm sorry,
the open is 1 0 6 28.
322
00:17:24,870 --> 00:17:25,230
Okay.
323
00:17:25,770 --> 00:17:26,550
Your block down here.
324
00:17:26,550 --> 00:17:28,050
I keyed off of this here.
325
00:17:29,190 --> 00:17:32,850
I could have entered as late as 1 0 6, 28.
326
00:17:33,750 --> 00:17:35,310
As long as my film had been right there.
327
00:17:36,480 --> 00:17:37,770
That's still okay.
328
00:17:37,770 --> 00:17:41,880
Because looking at the daily chart and I'm
gonna say this and real close at session.
329
00:17:42,765 --> 00:17:48,435
I'll grab a quick nap before
we come back on, um, daily.
330
00:17:49,845 --> 00:17:50,055
All right.
331
00:17:50,055 --> 00:17:51,225
Now I'll leave it just like this.
332
00:17:51,255 --> 00:17:53,385
It will hopefully do
exactly what I want to do.
333
00:17:55,085 --> 00:17:56,025
Stay just like that.
334
00:17:56,145 --> 00:17:57,345
Here's the opening price here.
335
00:17:57,405 --> 00:17:58,455
That opening price.
336
00:17:58,755 --> 00:17:59,415
Now watch it right here.
337
00:17:59,415 --> 00:18:00,465
On the right-hand side.
338
00:18:00,525 --> 00:18:03,525
It's given you this opening price
on this candle, right there.
339
00:18:03,675 --> 00:18:06,975
Say it's showing the opening
at 1 0 6 38, 1 0 6 38.
340
00:18:07,005 --> 00:18:07,635
That's this one.
341
00:18:07,665 --> 00:18:10,515
That's the GMT zero
GMT opening right here.
342
00:18:10,635 --> 00:18:13,755
I'm using the midnight New York
handle opening, which is here.
343
00:18:13,845 --> 00:18:14,115
Nate.
344
00:18:14,145 --> 00:18:16,785
You want to refer to both of
them and I'll teach it why
345
00:18:16,785 --> 00:18:18,015
it's important to look at both.
346
00:18:18,045 --> 00:18:19,605
And why one's favorite over the other.
347
00:18:19,695 --> 00:18:20,505
Imagine this open.
348
00:18:21,245 --> 00:18:22,715
Just being down here a little bit less.
349
00:18:22,804 --> 00:18:26,375
The expectation is if we're bullish on
the day and the opening prices here,
350
00:18:26,465 --> 00:18:29,915
the movement down, that's all going
to be the accumulation side of APTA.
351
00:18:30,034 --> 00:18:32,915
And then once it flips above the
opening price, then it's an expand up.
352
00:18:32,915 --> 00:18:37,175
So you want to be either long at the
opening or below it to anything below or
353
00:18:37,175 --> 00:18:39,485
at the opening price is not chasing price.
354
00:18:39,544 --> 00:18:42,095
It's not, it's not chasing it at all
because what you're doing is you're
355
00:18:42,095 --> 00:18:43,325
putting it, putting yourself in.
356
00:18:43,960 --> 00:18:47,129
On the side of the marketplace,
where Ellipta is allowing
357
00:18:47,129 --> 00:18:48,540
smart mind to accumulate longs.
358
00:18:48,600 --> 00:18:52,980
Anyway, when you enter above your
opening price, you really have to
359
00:18:52,980 --> 00:18:55,620
be entering in the New York session.
360
00:18:56,160 --> 00:18:56,550
Only.
361
00:18:56,610 --> 00:18:59,550
You can't be trading long
above the opening price until
362
00:18:59,550 --> 00:19:00,720
you get to New York session.
363
00:19:00,750 --> 00:19:02,500
Otherwise you're going to
end up probably getting.
364
00:19:03,450 --> 00:19:04,260
With a retracement.
365
00:19:04,350 --> 00:19:04,649
Okay.
366
00:19:04,649 --> 00:19:07,440
So I know, uh, I was asked to
repeat that, did that make sense?
367
00:19:07,500 --> 00:19:10,620
Because New York can trade all the
way back down to the opening price.
368
00:19:10,680 --> 00:19:14,460
And if you buy it up here before New York
sessions kills zone or at a time window,
369
00:19:14,460 --> 00:19:17,250
and we'd like to trade in and you buy
long, there you'll have to sit through.
370
00:19:17,280 --> 00:19:19,139
Not always, but sometimes
you have to sit through over.
371
00:19:19,139 --> 00:19:19,200
Yeah.
372
00:19:19,745 --> 00:19:23,555
Retracement down that opening
price, generally it won't return
373
00:19:23,555 --> 00:19:24,875
back to the opening price.
374
00:19:25,085 --> 00:19:26,435
The best trades don't do that.
375
00:19:27,155 --> 00:19:29,285
The reason why is because they've
already expanded away from the
376
00:19:29,285 --> 00:19:32,375
opening price in any one that's
short, they don't want to give them
377
00:19:32,465 --> 00:19:33,575
an opportunity to get off of that.
378
00:19:33,875 --> 00:19:37,955
They want to keep them on that, that
losing trade and squeeze them on it.
379
00:19:38,225 --> 00:19:42,215
And then I ended up buying it
back later on, which is where
380
00:19:42,215 --> 00:19:43,085
they're going to sell their loans.
381
00:19:44,730 --> 00:19:49,500
But why didn't I enter a limit at 1 6 0
6, because I didn't see the trade coming.
382
00:19:49,500 --> 00:19:50,910
I was answering, I'd said this earlier.
383
00:19:51,330 --> 00:19:54,450
I was answering email and it wasn't in
the front of the charts when it happened.
384
00:19:55,440 --> 00:19:58,710
So how to use the stuff I teach
you to get in line with it.
385
00:20:02,070 --> 00:20:04,080
A couple of people on Twitter
is already shared that they
386
00:20:04,080 --> 00:20:05,250
got better entries than I did.
387
00:20:06,000 --> 00:20:06,629
And that's awesome.
388
00:20:06,660 --> 00:20:07,139
I love it.
389
00:20:10,020 --> 00:20:10,920
All right, so let's do this.
390
00:20:10,920 --> 00:20:11,450
I'm going to close.
391
00:20:12,510 --> 00:20:17,340
I'm going to get a nap in and we'll be
back around eight o'clock in the morning.
392
00:20:17,550 --> 00:20:20,910
I'll send you the, the link to join in.
393
00:20:22,170 --> 00:20:24,270
I've already prompted everyone
on, on Twitter as well.
394
00:20:24,270 --> 00:20:29,340
So let me, uh, let me escape here and
I'll give the recordings later on.
395
00:20:29,340 --> 00:20:31,470
I'm not going to mess with it
until after we get through these.
31704
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