All language subtitles for vid 1 EN

af Afrikaans
sq Albanian
am Amharic
ar Arabic Download
hy Armenian
az Azerbaijani
eu Basque
be Belarusian
bn Bengali
bs Bosnian
bg Bulgarian
ca Catalan
ceb Cebuano
ny Chichewa
zh-CN Chinese (Simplified)
zh-TW Chinese (Traditional)
co Corsican
hr Croatian
cs Czech
da Danish
nl Dutch
en English
eo Esperanto
et Estonian
tl Filipino
fi Finnish
fr French
fy Frisian
gl Galician
ka Georgian
de German
el Greek
gu Gujarati
ht Haitian Creole
ha Hausa
haw Hawaiian
iw Hebrew
hi Hindi
hmn Hmong
hu Hungarian
is Icelandic
ig Igbo
id Indonesian
ga Irish
it Italian
ja Japanese
jw Javanese
kn Kannada
kk Kazakh
km Khmer
ko Korean
ku Kurdish (Kurmanji)
ky Kyrgyz
lo Lao
la Latin
lv Latvian
lt Lithuanian
lb Luxembourgish
mk Macedonian
mg Malagasy
ms Malay
ml Malayalam
mt Maltese
mi Maori
mr Marathi
mn Mongolian
my Myanmar (Burmese)
ne Nepali
no Norwegian
ps Pashto
fa Persian
pl Polish
pt Portuguese
pa Punjabi
ro Romanian
ru Russian
sm Samoan
gd Scots Gaelic
sr Serbian
st Sesotho
sn Shona
sd Sindhi
si Sinhala
sk Slovak
sl Slovenian
so Somali
es Spanish
su Sundanese
sw Swahili
sv Swedish
tg Tajik
ta Tamil
te Telugu
th Thai
tr Turkish
uk Ukrainian
ur Urdu
uz Uzbek
vi Vietnamese
cy Welsh
xh Xhosa
yi Yiddish
yo Yoruba
zu Zulu
or Odia (Oriya)
rw Kinyarwanda
tk Turkmen
tt Tatar
ug Uyghur
Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 00:00:00,270 --> 00:00:00,540 Thank you. 2 00:00:07,830 --> 00:00:08,670 All right, folks. 3 00:00:09,630 --> 00:00:10,350 Welcome back. 4 00:00:10,350 --> 00:00:11,100 Welcome back. 5 00:00:12,600 --> 00:00:15,450 All right, today, we're gonna talk about, uh, more, it's gonna be the introduction 6 00:00:15,450 --> 00:00:17,370 into working with small accounts. 7 00:00:18,030 --> 00:00:20,940 Um, some of you that have been trading for a while probably don't have that problem. 8 00:00:20,940 --> 00:00:23,760 You probably have a little bit more money than, uh, some that 9 00:00:23,760 --> 00:00:24,960 just start out in this industry. 10 00:00:24,960 --> 00:00:29,310 But because my aim is for the first three months to kind of like target 11 00:00:29,790 --> 00:00:33,870 folks that have just now entered into the foreign exchange market or have 12 00:00:33,870 --> 00:00:37,830 struggled and never really seen their money grow, uh, their chances are they're 13 00:00:37,830 --> 00:00:38,880 going to have a very small account. 14 00:00:38,910 --> 00:00:42,420 In fact, if you don't really know what you're doing trading wise, it's 15 00:00:42,420 --> 00:00:44,610 actually better for you to start out. 16 00:00:44,610 --> 00:00:48,660 Initially, even after you'd done work in a demo account, six to 12 months 17 00:00:48,660 --> 00:00:52,880 in length, the best thing that you can do is go with a very small shoestring. 18 00:00:53,805 --> 00:00:57,224 Uh, because the, the shock of having financial attachment to the 19 00:00:57,224 --> 00:00:59,684 trays are going to be something for you to get, get used to. 20 00:01:01,724 --> 00:01:07,785 Um, like I did with my first teaching series back in 2010, whatever new and or 21 00:01:07,785 --> 00:01:12,945 aspiring for extra wants to now, um, I kind of like brought to light, at least 22 00:01:12,945 --> 00:01:18,795 in my attempts to draw more attention to the fact that there's so much opportunity 23 00:01:19,395 --> 00:01:23,685 doing very little in this industry, that folks get caught up in the Lamborghini, 24 00:01:23,715 --> 00:01:28,215 the mansion's the high lifestyle, you know, the, the baller mentality. 25 00:01:28,845 --> 00:01:33,765 Um, and honestly, there's very few people that actually live like that. 26 00:01:34,095 --> 00:01:34,965 Not through trading. 27 00:01:34,995 --> 00:01:35,235 Okay. 28 00:01:35,235 --> 00:01:36,104 Let's, let's say it that way. 29 00:01:36,435 --> 00:01:39,305 Uh, most do it through things like what I'm doing now, obviously. 30 00:01:39,315 --> 00:01:42,945 So a paid mentorship because it's very lucrative to do something like this, but 31 00:01:43,125 --> 00:01:46,365 to be able to make money and generate it and compound it, that's something 32 00:01:46,365 --> 00:01:48,164 that very few traders actually can do. 33 00:01:49,035 --> 00:01:50,205 One of two things happens. 34 00:01:50,384 --> 00:01:52,215 One, they quickly realized they don't know how to. 35 00:01:53,475 --> 00:01:57,765 And they self-destruct, or, uh, they do have a modest ability 36 00:01:57,765 --> 00:01:59,325 to, uh, to turn a profit. 37 00:01:59,325 --> 00:02:02,145 But what happens is they see the money and you get greedy. 38 00:02:02,715 --> 00:02:05,175 Now, if you've paid attention, the first month of assessment of this 39 00:02:05,175 --> 00:02:10,605 mentorship was specifically aimed at removing your fear of missing 40 00:02:10,725 --> 00:02:13,365 opportunities, almost on a daily basis. 41 00:02:13,365 --> 00:02:17,625 With the exception of two, two occasions, we saw everything that we 42 00:02:17,625 --> 00:02:22,335 outlined in terms of probable movement come to fruition, almost to the PIP. 43 00:02:22,815 --> 00:02:24,665 There was a couple of times it robbed me by one favored. 44 00:02:24,665 --> 00:02:26,955 They'd get right to my targets, but nonetheless there's 45 00:02:26,955 --> 00:02:28,365 opportunities every single day. 46 00:02:28,395 --> 00:02:32,805 Now it's not my, again, it's not my aim to instill that desire 47 00:02:32,805 --> 00:02:33,795 to trade every single day. 48 00:02:34,365 --> 00:02:37,725 But as he developing trader, you should be doing something in the marketplace 49 00:02:37,725 --> 00:02:42,075 and your demo account to build up your experience, build up your. 50 00:02:43,860 --> 00:02:48,900 Well, your skillset, and it's not important that you see positive results 51 00:02:48,900 --> 00:02:53,160 because you don't learn more from the negative things because it'll draw a, 52 00:02:53,160 --> 00:02:57,450 highlight a spotlight to where your weaknesses are, and you want to figure 53 00:02:57,450 --> 00:03:02,310 out what those are when you're outside the scope of risking life funds, 54 00:03:02,340 --> 00:03:05,940 because all that's going to do is compound and exasperate the problems. 55 00:03:06,090 --> 00:03:06,360 Okay. 56 00:03:06,360 --> 00:03:10,260 And what you'll do is you'll go into denial trading with live funds, 57 00:03:10,740 --> 00:03:14,070 forces, the trader, whether they're male or female and more so with the 58 00:03:14,070 --> 00:03:17,220 men, um, you'll put a bandaid, okay. 59 00:03:17,280 --> 00:03:24,600 Or blinders on a gaping wound and your problem of not being consistent 60 00:03:24,600 --> 00:03:25,680 or not even know how to trade. 61 00:03:26,520 --> 00:03:30,480 So this entire month is going to be aimed at number one, building the 62 00:03:30,480 --> 00:03:31,920 idea of starting with a small camp. 63 00:03:33,150 --> 00:03:35,190 And in the second half of the month, we'll be working with, 64 00:03:35,250 --> 00:03:37,290 uh, aiming for 10% per month. 65 00:03:37,650 --> 00:03:40,920 So I'm actually going to give you the foundations to how to double your. 66 00:03:41,670 --> 00:03:46,320 Every single year with the methods that I'm going to teach throughout this week. 67 00:03:46,320 --> 00:03:49,530 So every day we meet this week, there's gonna be five sessions. 68 00:03:49,530 --> 00:03:54,870 And it's only aimed at building a trading model that aims at 6% per month now. 69 00:03:54,870 --> 00:03:56,520 And there's some of you, you're probably saying, well, wait a minute, 70 00:03:57,310 --> 00:03:58,650 I'm paying good money for this. 71 00:03:58,650 --> 00:04:00,840 Now I'm not really interested in 6%. 72 00:04:00,990 --> 00:04:02,460 I already know what you're thinking. 73 00:04:02,460 --> 00:04:02,880 Okay. 74 00:04:02,940 --> 00:04:05,250 Trust me, just roll with me for the first week. 75 00:04:05,490 --> 00:04:05,940 Okay. 76 00:04:06,240 --> 00:04:09,450 The second week of the month, we'll get a little bit more, uh, higher up in 77 00:04:09,450 --> 00:04:11,370 terms of potential returns per month. 78 00:04:11,970 --> 00:04:15,360 But by the end of this month, you will have everything. 79 00:04:15,360 --> 00:04:19,590 You need to go into the marketplace realistically and 80 00:04:19,590 --> 00:04:24,600 have all of the potential to consistently draw out 6% per month. 81 00:04:25,080 --> 00:04:29,130 Now, again, for some of your new, it doesn't sound like much. 82 00:04:29,190 --> 00:04:31,350 It does sound like I'm getting, I'm going to get rich real quick. 83 00:04:31,830 --> 00:04:34,140 And that's exactly what you need to be thinking right now. 84 00:04:34,170 --> 00:04:36,090 You need to be thinking I'm not going to get rich real quick. 85 00:04:36,420 --> 00:04:36,660 Okay. 86 00:04:36,660 --> 00:04:37,440 I need to be consistent. 87 00:04:38,175 --> 00:04:40,695 You start with bread and butter consistency. 88 00:04:40,995 --> 00:04:47,865 Nobody, nobody out there goes from neophyte to super ultra 89 00:04:47,865 --> 00:04:49,695 rich George Soros, Warren buffet. 90 00:04:49,875 --> 00:04:50,745 You know, it doesn't happen. 91 00:04:50,865 --> 00:04:52,095 That does not happen. 92 00:04:52,305 --> 00:04:53,355 There's a lot of growing. 93 00:04:53,655 --> 00:04:54,555 There's a lot of learning. 94 00:04:54,555 --> 00:04:57,705 There's a lot of losses between where you start and where you end up at. 95 00:04:58,335 --> 00:05:05,955 So I want you to think about all the opportunities we saw for the first month. 96 00:05:06,495 --> 00:05:06,795 Okay. 97 00:05:06,795 --> 00:05:09,615 And they're all very short term trading opportunities. 98 00:05:09,645 --> 00:05:13,575 Very, very short-term intra-day you don't need a whole lot of trades. 99 00:05:13,575 --> 00:05:15,375 You only need really one of those per week. 100 00:05:15,885 --> 00:05:16,784 One just one. 101 00:05:17,775 --> 00:05:20,265 Now I'm going to give you an example here. 102 00:05:23,945 --> 00:05:24,365 Okay. 103 00:05:24,784 --> 00:05:28,175 And, uh, obviously some of you probably have a lot more money 104 00:05:28,175 --> 00:05:29,465 than this, and I'm not trying to. 105 00:05:30,690 --> 00:05:32,010 Make light of anybody else either. 106 00:05:32,010 --> 00:05:37,080 But the, the average, in my opinion, I think if someone's going to start 107 00:05:37,080 --> 00:05:40,680 out after they had done the work with the mentorship, I think they 108 00:05:40,680 --> 00:05:43,860 should test the waters with an account about a thousand dollars. 109 00:05:44,310 --> 00:05:49,770 So at the end of 12 months then, and only then in my opinion, I think if you've 110 00:05:49,770 --> 00:05:52,920 gone through everything we teach, then you would consider, I'm not telling you 111 00:05:52,920 --> 00:05:57,420 to do it, but you would consider doing what you've learned in a demo account. 112 00:05:57,420 --> 00:06:00,360 If you've been consistent and you've adopted a mindset that you 113 00:06:00,360 --> 00:06:03,240 continuously do the same thing over and over and over again, and it's 114 00:06:03,240 --> 00:06:06,210 given you a positive result, it doesn't mean you're going to be perfect and 115 00:06:06,210 --> 00:06:07,650 your trades are not taking losses. 116 00:06:07,650 --> 00:06:10,410 It just means that you gotta be consistently profitable on the net. 117 00:06:11,910 --> 00:06:16,500 Well, 6%, if you start with a thousand dollars, we're gonna 118 00:06:16,500 --> 00:06:21,230 say the first week to make the compound is 6% return for the month. 119 00:06:21,250 --> 00:06:25,170 It's actually a little over 6%, but, um, you only need the first week here. 120 00:06:25,350 --> 00:06:26,760 You only need to make 1500. 121 00:06:28,050 --> 00:06:29,520 Now, it doesn't sound exciting. 122 00:06:29,640 --> 00:06:31,500 It doesn't get, y'all worked up in a froth. 123 00:06:31,500 --> 00:06:32,700 It doesn't get you thinking. 124 00:06:32,700 --> 00:06:33,750 Well, I'm going to quit my job. 125 00:06:33,930 --> 00:06:34,200 Okay. 126 00:06:34,200 --> 00:06:37,230 Cause some of you have that mindset that you're going to replace your job or the 127 00:06:37,230 --> 00:06:41,760 necessity for a job in six months of this mentorship, that's not realistic. 128 00:06:41,910 --> 00:06:42,270 Okay. 129 00:06:42,540 --> 00:06:47,610 So having this mindset going in as a new trader or someone that has not been 130 00:06:47,610 --> 00:06:52,710 consistently profitable, $15 return on one week does not get anyone terribly excited. 131 00:06:53,820 --> 00:06:55,320 It's one and a half percent return. 132 00:06:56,250 --> 00:06:57,810 So one and a half percent return. 133 00:06:57,900 --> 00:07:00,960 If you do that for four weeks, it's a little bit over 6% a month. 134 00:07:01,650 --> 00:07:06,360 At the end of the month, you're only going to have 1060 $1 and 36 cents or roughly 135 00:07:06,360 --> 00:07:08,280 within earshot of those pennies over here. 136 00:07:08,280 --> 00:07:13,680 Talking about that again, that does not get anybody terribly excited, but 137 00:07:13,680 --> 00:07:20,970 I can tell you this, if you can do this percent return, just eight months out of 138 00:07:20,970 --> 00:07:23,895 a year, six months out of a year, Okay. 139 00:07:24,195 --> 00:07:26,234 You need to stop and think for a moment. 140 00:07:26,234 --> 00:07:28,125 Think outside your current conditions. 141 00:07:28,364 --> 00:07:28,635 Okay. 142 00:07:28,635 --> 00:07:31,484 Or your current limitations, because really they're there, you're only limited 143 00:07:31,484 --> 00:07:36,104 by your perspective right now, you're, you're actually in a prison in your mind, 144 00:07:36,375 --> 00:07:39,434 thinking that you have to break out right now and you've got to get out of your job. 145 00:07:39,674 --> 00:07:43,215 When in fact you need to stay in your job right now and you need to stay 146 00:07:43,215 --> 00:07:44,594 because that's guaranteed income. 147 00:07:45,825 --> 00:07:48,974 When I first started, okay, I had a job. 148 00:07:50,054 --> 00:07:54,854 I did not quit my job until I had 830, $2,000. 149 00:07:55,965 --> 00:07:59,505 Then I didn't work all the while. 150 00:07:59,505 --> 00:08:00,585 While I was making money. 151 00:08:01,395 --> 00:08:04,484 I did not think about leaving my job. 152 00:08:04,515 --> 00:08:09,255 My goal was quitting work at 40 years old, I was in the beginnings 153 00:08:09,255 --> 00:08:10,875 of my twenties thinking this. 154 00:08:11,895 --> 00:08:15,164 So if you, if you were able to sit down with every. 155 00:08:16,460 --> 00:08:20,930 Extremely profitable trader well-balanced and their psychology, a 156 00:08:20,930 --> 00:08:22,940 well-balanced and their risk management. 157 00:08:23,150 --> 00:08:23,420 Okay. 158 00:08:23,420 --> 00:08:24,440 And their expectations. 159 00:08:25,130 --> 00:08:27,560 They all have a secondary source of income. 160 00:08:27,630 --> 00:08:32,510 Because if you try to start with this industry as your sole income, number 161 00:08:32,510 --> 00:08:35,240 one, you're going to force yourself to do things you shouldn't be doing. 162 00:08:35,510 --> 00:08:39,200 You're going to trade more often than you should, because the necessity of making 163 00:08:39,200 --> 00:08:44,870 money is going to supersede the process of trading in a balanced and objective way. 164 00:08:46,310 --> 00:08:51,590 Too many times, I've spoken to folks to have really, they know how to trade. 165 00:08:51,590 --> 00:08:54,650 They absolutely know how to trade, but the psychological aspects of having 166 00:08:54,650 --> 00:08:59,030 to make money, forces them to do things that they shouldn't be doing. 167 00:08:59,960 --> 00:09:03,140 So if you have a job right now, and I know you probably want to get out of it 168 00:09:03,140 --> 00:09:05,930 right now, and that's understandable, I went, I couldn't wait to get to my job. 169 00:09:06,380 --> 00:09:09,650 I was, I was dying to get it, but even though it was consistently 170 00:09:09,650 --> 00:09:12,465 making money early on, Okay. 171 00:09:12,495 --> 00:09:13,035 All by luck. 172 00:09:13,065 --> 00:09:17,235 But nonetheless, I was not in a hurry to leave my job because I knew that this 173 00:09:17,235 --> 00:09:20,175 money was coming in every single week, whether I was making a trade or not. 174 00:09:21,105 --> 00:09:25,245 So if you are contemplating replacing your job, you have to 175 00:09:25,245 --> 00:09:26,775 do that in a graduated scale. 176 00:09:28,065 --> 00:09:34,305 Don't think that you can't be completely financially independent within 24 months 177 00:09:34,305 --> 00:09:38,145 after this mentorship, because I'm telling you if you do the things I'm telling you 178 00:09:38,145 --> 00:09:44,745 to do and just relax and allow the 6% thing here, I'm telling you, there are 179 00:09:44,745 --> 00:09:49,335 so many people out there with tons of money that are ignorant with their money. 180 00:09:49,335 --> 00:09:50,685 You have no idea what to do with it. 181 00:09:51,345 --> 00:09:55,905 If you approach them with the means of being able to do this just half of a 182 00:09:55,905 --> 00:09:58,915 year, 6% compound that just on six months. 183 00:10:00,030 --> 00:10:02,729 You don't need to trade during the holiday months, the dog days of the 184 00:10:02,729 --> 00:10:05,339 summer, you don't need to do anything like that and trade their money. 185 00:10:05,609 --> 00:10:07,560 Other people's mind, you're gonna manage other people's money. 186 00:10:07,770 --> 00:10:08,069 Okay. 187 00:10:08,310 --> 00:10:10,949 You, maybe you don't want to do that, but I'm just giving you a horizons 188 00:10:11,130 --> 00:10:12,900 that are a little bit broader than you're probably thinking right now, 189 00:10:12,900 --> 00:10:16,800 because if you have just a very small shoestring budget, but you learn how to 190 00:10:16,800 --> 00:10:19,500 trade, people will throw money at you. 191 00:10:19,829 --> 00:10:22,500 They're going to throw money at your feet and say, please do something with this. 192 00:10:22,560 --> 00:10:23,160 They're going to beg you. 193 00:10:23,170 --> 00:10:26,490 And there'll be offended if you say no, because they know that 194 00:10:26,490 --> 00:10:27,479 you know what to do with it. 195 00:10:28,020 --> 00:10:34,800 So if you take these insights and apply them to consistently small 196 00:10:35,459 --> 00:10:40,319 trades of taking a small risk, but compounding that small risk, okay. 197 00:10:40,319 --> 00:10:44,520 And to profitability over the course of a year, if you show somebody over 198 00:10:44,520 --> 00:10:49,859 35, 40% return in a year, believe me, they are your best friend. 199 00:10:50,010 --> 00:10:53,670 And you're gonna tell everybody about you and they're gonna, you're gonna draw 200 00:10:53,670 --> 00:10:54,780 them up more business than you can have. 201 00:10:55,860 --> 00:10:59,070 If you take on other people's funds and if you can do this and I'm not 202 00:10:59,070 --> 00:11:01,890 trying to talk into it, but I'm just giving it a different perspective 203 00:11:02,190 --> 00:11:08,970 because it's an easy way to fund your own trading with a great deal of money. 204 00:11:09,090 --> 00:11:12,780 Once you understand what you're doing, it's easy to get a hundred 205 00:11:12,780 --> 00:11:13,950 thousand dollars dropped in your lap. 206 00:11:14,010 --> 00:11:14,310 Okay. 207 00:11:14,310 --> 00:11:17,160 It's very easy to get management fees. 208 00:11:17,190 --> 00:11:17,460 Okay. 209 00:11:17,460 --> 00:11:21,900 That will put you over $250,000 in a year and you don't have to do much to do that. 210 00:11:22,530 --> 00:11:27,060 So don't think that this mentorship and this specific teaching today, or even 211 00:11:27,060 --> 00:11:32,220 this entire teaching for the entire week, doesn't fit you because I'm telling you, 212 00:11:32,220 --> 00:11:36,840 if you think about the things I'm going to share with you, it broadens your horizons 213 00:11:37,020 --> 00:11:38,340 and you don't have to be a fund manager. 214 00:11:38,340 --> 00:11:40,350 You don't have to manage other people's money. 215 00:11:40,680 --> 00:11:40,980 Okay. 216 00:11:40,980 --> 00:11:44,100 But it's an avenue for you if you don't make much money. 217 00:11:44,400 --> 00:11:44,670 Okay. 218 00:11:44,670 --> 00:11:48,630 So you're a single mom saying, say, you're a single father and you only 219 00:11:48,630 --> 00:11:50,670 have one income and you're just struggling to get out of where you're at. 220 00:11:52,045 --> 00:11:53,595 Use these concepts. 221 00:11:53,685 --> 00:11:54,135 Okay. 222 00:11:54,195 --> 00:11:57,945 And in the abilities of marketing yourself later on as a fund manager, 223 00:11:58,095 --> 00:12:01,425 which you'll learn in the later parts of this mentorship, that will 224 00:12:01,455 --> 00:12:06,585 give you an unlimited amount of funds that will be attracted to you. 225 00:12:07,035 --> 00:12:09,615 Because once you put yourself out there, believe me, people will come 226 00:12:09,615 --> 00:12:13,785 to you and it's going to be up to you how much money you take on, but 227 00:12:13,785 --> 00:12:17,325 you don't need a lot of money of other people's funds to do very well. 228 00:12:18,105 --> 00:12:20,415 Once you fund yourself, you can make, you can go into a limited 229 00:12:20,415 --> 00:12:23,235 partnership, say, look, I'm only gonna do this for 36 months. 230 00:12:23,505 --> 00:12:23,805 Okay. 231 00:12:23,805 --> 00:12:26,745 And you know, it is, this is our agreement, and I'll give you all those 232 00:12:26,745 --> 00:12:31,755 details later on in the mentorship, but it'll allow you to fund yourself, see 233 00:12:31,755 --> 00:12:34,275 someone you can't just easily go out there and say, okay, well, I'm going to 234 00:12:34,485 --> 00:12:37,245 plunk down a hundred thousand dollars and I'm going to start trading this 235 00:12:37,245 --> 00:12:39,105 personally for you to quit your job. 236 00:12:39,915 --> 00:12:45,225 I personally believe that you need two and a half years of living expenses, plus 237 00:12:45,315 --> 00:12:47,295 a hundred thousand dollars to trade with. 238 00:12:48,255 --> 00:12:52,140 If you can't do that, You should not be trading for a living. 239 00:12:52,740 --> 00:12:56,010 And it's as simple as that, because you got two and a half years of cushion. 240 00:12:56,190 --> 00:12:58,680 You're not going to be impulsive about getting in the marketplace 241 00:12:58,680 --> 00:13:02,460 to trade because you have two and a half years of cushion. 242 00:13:03,120 --> 00:13:05,520 You're going to have periods where the one or two months of the year, 243 00:13:05,700 --> 00:13:06,690 you're going to have a draw down. 244 00:13:06,840 --> 00:13:07,860 You're not going to do very well. 245 00:13:07,860 --> 00:13:12,750 It's realistic to think that way you need to plan ahead for that, but don't negate 246 00:13:12,990 --> 00:13:17,910 the value of starting small as a new trader, looking at 6% compound return, 247 00:13:17,910 --> 00:13:22,530 because I guarantee you, you ask anybody, you know, have come in contact with them. 248 00:13:22,530 --> 00:13:26,190 This, this entire week, the people you work with your family members, 249 00:13:26,460 --> 00:13:28,650 you don't have to go into detail about what you're talking about in terms of 250 00:13:28,740 --> 00:13:32,730 how you would get that 6%, but this ask them, Hey, can you imagine if 251 00:13:32,730 --> 00:13:37,260 you got 6% on your money every single month, what would that do for you? 252 00:13:37,830 --> 00:13:39,510 First of all, they'd be like, well, that's, that's pretty good. 253 00:13:39,540 --> 00:13:40,350 That's better than a bank. 254 00:13:40,470 --> 00:13:41,430 What's way better than a bank. 255 00:13:42,090 --> 00:13:45,570 But then if you tell them, look, Hey, you know, if I, if I took a thousand dollars 256 00:13:45,570 --> 00:13:49,020 a year money and I gave you $61 at the end of the month, would you be excited? 257 00:13:50,145 --> 00:13:51,795 They'd be like, oh, no way, man, get outta here. 258 00:13:51,854 --> 00:13:53,265 I'm going to give you a thousand dollars for that. 259 00:13:53,865 --> 00:13:56,535 But the problem with that thinking is, and this is the reason why 260 00:13:56,564 --> 00:14:00,045 everybody else in the, at least in the us and majority of around the 261 00:14:00,045 --> 00:14:02,925 world, this is millionaire making. 262 00:14:02,925 --> 00:14:06,074 This is a fluent lifestyle creation at its core. 263 00:14:06,525 --> 00:14:10,875 It's the absolute thing that everybody wants to know, but they won't listen 264 00:14:10,875 --> 00:14:12,104 to it when it's being taught to them. 265 00:14:12,915 --> 00:14:17,204 Because $61 over the course of four weeks, it's not exciting. 266 00:14:17,204 --> 00:14:20,385 It doesn't, it doesn't equate to, I'm going to get rich. 267 00:14:20,415 --> 00:14:25,334 It doesn't equate to I'm going to replace my job, but that same amount of money 268 00:14:25,724 --> 00:14:30,435 started and compound that over the course of one year becomes over $2,000. 269 00:14:31,395 --> 00:14:34,905 Now you tell someone say, Hey, look, if you give me a thousand 270 00:14:34,905 --> 00:14:36,704 dollars, I'll double it in a year. 271 00:14:37,334 --> 00:14:40,665 Suddenly, suddenly their perspectives change. 272 00:14:40,694 --> 00:14:43,995 But it's the same thing nothing's changed except for the 273 00:14:43,995 --> 00:14:45,135 delivery and the information. 274 00:14:45,704 --> 00:14:47,805 And it comes by way of ignorance, especially in the school. 275 00:14:48,960 --> 00:14:53,970 Our, our education system promotes this idea of slave mentality. 276 00:14:53,970 --> 00:14:55,800 Get a good job and work for the man. 277 00:14:56,490 --> 00:14:57,690 And I can't stand it. 278 00:14:57,990 --> 00:14:58,890 I cannot stand that. 279 00:14:58,890 --> 00:15:00,780 I wish that there was a way. 280 00:15:00,780 --> 00:15:01,470 And here's the thing. 281 00:15:01,560 --> 00:15:04,710 Even if you learn this and you want to try to do cause bleeding, I tried to do this. 282 00:15:04,950 --> 00:15:08,220 I've tried to work my way into local schools to do like an 283 00:15:08,220 --> 00:15:10,680 assembly, to teach children, okay. 284 00:15:10,950 --> 00:15:12,180 Coming into the ninth grade. 285 00:15:12,180 --> 00:15:15,480 If I'm going to learn these skills and an ideas about money in the ninth 286 00:15:15,480 --> 00:15:19,260 grade, I would completely be on a totally different level financially. 287 00:15:19,260 --> 00:15:21,570 I'd be well, well ahead of where I'm at now. 288 00:15:22,290 --> 00:15:25,440 My children are learning these things and you need to teach your kids this 289 00:15:25,440 --> 00:15:29,880 stuff too, not just trading, but you need to understand that managing money. 290 00:15:30,270 --> 00:15:30,630 Okay. 291 00:15:30,630 --> 00:15:31,380 It's a tool. 292 00:15:31,410 --> 00:15:34,890 It's a resource, but we're taught to be a slave to it. 293 00:15:35,130 --> 00:15:36,960 It's a, it's a task master to us. 294 00:15:37,200 --> 00:15:38,370 We go to work for what. 295 00:15:39,570 --> 00:15:41,430 Well, I don't work for money. 296 00:15:41,790 --> 00:15:46,380 I put money to work and by having this mindset that same over 297 00:15:46,740 --> 00:15:48,750 look at the numbers, it's the same thing you see over here. 298 00:15:49,260 --> 00:15:50,250 Nothing's changed. 299 00:15:50,670 --> 00:15:54,030 It's the same dynamic, but this is just on a monthly basis. 300 00:15:54,030 --> 00:15:55,830 You start with a thousand dollars in the first month. 301 00:15:55,830 --> 00:15:56,580 It's 60 bucks. 302 00:15:57,150 --> 00:15:59,670 Then it's two months, it's 111 hundred $23. 303 00:15:59,910 --> 00:16:03,450 It's not exciting, but over the course of a year, you're doubling it. 304 00:16:03,990 --> 00:16:06,030 So now you say to these investors, okay. 305 00:16:06,030 --> 00:16:07,170 Say, look, I have a track record. 306 00:16:07,920 --> 00:16:08,190 Okay. 307 00:16:08,190 --> 00:16:12,420 For 24 months, I think consistently doing minimum 6% return. 308 00:16:13,050 --> 00:16:17,820 At least the majority of the year, I guarantee you, you're going 309 00:16:17,820 --> 00:16:21,000 to have hundreds of thousands of dollars laid at your feet. 310 00:16:21,030 --> 00:16:24,750 If you can show a consistent track record, not just, you know, here, 311 00:16:24,780 --> 00:16:26,040 here's the, here's a demo account. 312 00:16:26,550 --> 00:16:27,660 That's not what they want to see. 313 00:16:28,140 --> 00:16:31,290 They want to see that you can obviously manage it with live funds. 314 00:16:31,350 --> 00:16:31,710 Okay. 315 00:16:31,710 --> 00:16:33,900 And you will work your way into larger funds. 316 00:16:35,390 --> 00:16:37,580 Easily to get a million dollars into your hands doing that. 317 00:16:37,700 --> 00:16:41,540 And believe me, you give somebody a a hundred thousand dollars account 318 00:16:41,570 --> 00:16:42,800 and you double it in a year. 319 00:16:43,910 --> 00:16:44,990 They're going to talk about you. 320 00:16:45,530 --> 00:16:47,240 And they're going to say, Hey look, you know, I got 321 00:16:47,240 --> 00:16:48,350 somebody else I was talking to. 322 00:16:48,380 --> 00:16:52,310 And they weren't because think about how you feel when you first 323 00:16:52,310 --> 00:16:53,300 started learning these things. 324 00:16:53,810 --> 00:16:55,310 And then you start seeing it in your charts. 325 00:16:55,760 --> 00:16:58,400 If you went to see my free tutorials, you've watched some of these 326 00:16:58,400 --> 00:17:00,950 things occur in your chart and you can't believe how it worked. 327 00:17:01,490 --> 00:17:04,640 And you start telling your friends, you're telling your spouse, you get excited. 328 00:17:04,670 --> 00:17:05,960 Well, that same thing's going to happen. 329 00:17:05,960 --> 00:17:07,880 When you talk to someone else about what? 330 00:17:08,390 --> 00:17:11,420 Well, when they talk about what you've done with their money, they're going 331 00:17:11,420 --> 00:17:12,430 to feel like they did it themselves. 332 00:17:12,470 --> 00:17:13,280 They're going to brag about it. 333 00:17:13,640 --> 00:17:14,510 That's what people do. 334 00:17:15,020 --> 00:17:16,700 And it's going to be word of mouth advertisement. 335 00:17:16,700 --> 00:17:18,380 And you're going to have so many opportunities for people 336 00:17:18,380 --> 00:17:19,430 to throw their money at you. 337 00:17:20,030 --> 00:17:23,210 It's up to you how much you manage, but you can use that as 338 00:17:23,210 --> 00:17:26,630 a means of funding your yourself and put yourself in business. 339 00:17:26,930 --> 00:17:28,820 And then you don't have to manage anybody else's money. 340 00:17:30,110 --> 00:17:30,980 That's what I did. 341 00:17:31,820 --> 00:17:32,570 I started. 342 00:17:33,659 --> 00:17:35,159 I had immediate success. 343 00:17:35,460 --> 00:17:36,780 Then I realized I couldn't trade. 344 00:17:36,899 --> 00:17:38,129 I had to learn how to trade. 345 00:17:38,550 --> 00:17:42,210 And then when I got relatively decent at trading, I dabbled 346 00:17:42,210 --> 00:17:43,020 in other people's money. 347 00:17:43,110 --> 00:17:47,370 And then I got into a very fortunate situation where I traded a large 348 00:17:47,370 --> 00:17:51,720 conglomerates money in Baltimore and long and short of it is that patted 349 00:17:51,720 --> 00:17:58,260 me out considerably a lot because they were they're a Greek family and 350 00:17:58,290 --> 00:18:00,929 they were afraid that if they didn't pay me well, I would stop doing it. 351 00:18:01,679 --> 00:18:06,419 So everything I asked for in terms of the terms they want over that, now, 352 00:18:06,480 --> 00:18:10,230 maybe that's a very fortunate and far and few between type of opportunity. 353 00:18:10,440 --> 00:18:15,000 And maybe that won't be for you, but I can tell you from personal experience when you 354 00:18:15,000 --> 00:18:19,379 do well for somebody, they're absolutely going to talk about what you did for them. 355 00:18:20,100 --> 00:18:22,649 And they're going to put this opportunity right in your lap. 356 00:18:23,429 --> 00:18:28,230 And when you have this, it's easy to generate money, very 357 00:18:28,230 --> 00:18:29,760 easy, but here's the thing. 358 00:18:31,170 --> 00:18:34,350 You have to have the mindset and understand the appreciation of 359 00:18:34,350 --> 00:18:37,470 this, something, little, something so simple as this over here. 360 00:18:38,430 --> 00:18:40,110 That's what everybody wants. 361 00:18:40,800 --> 00:18:42,150 Everybody wants out of their job. 362 00:18:42,390 --> 00:18:43,170 I don't care what they are. 363 00:18:43,170 --> 00:18:44,610 Doctors, lawyers, all that stuff. 364 00:18:44,910 --> 00:18:47,280 They're doing these things to make a lot of money because they 365 00:18:47,280 --> 00:18:48,870 want to live well in retirement. 366 00:18:49,980 --> 00:18:53,550 I want to live well now I want to do it right now because there's no guarantee 367 00:18:53,550 --> 00:18:54,830 I'm going to be old and healthy. 368 00:18:54,880 --> 00:18:56,070 Not to enjoy money later on. 369 00:18:56,070 --> 00:18:59,640 If I have it in a 401k, that's just the worst perspective 370 00:18:59,640 --> 00:19:00,720 on life there ever could be. 371 00:19:01,380 --> 00:19:05,520 You need to have your, your mindset now that you can easily 372 00:19:05,520 --> 00:19:07,770 very quickly in 10 years time. 373 00:19:08,070 --> 00:19:11,670 If you take these numbers, okay, if you pull out a calculator, you have a 374 00:19:11,670 --> 00:19:14,580 smartphone, pull out your calculator, put a thousand dollars in there. 375 00:19:15,030 --> 00:19:15,300 Okay. 376 00:19:15,300 --> 00:19:22,200 And then multiply by 1.06 and hit 11 hit that equal sign 12 times. 377 00:19:22,560 --> 00:19:23,940 And you'll arrive at this number down here. 378 00:19:25,830 --> 00:19:28,470 And continuously do that until you arrive at 10 years. 379 00:19:28,500 --> 00:19:32,460 Now, obviously we're not talking about taxation and the effects of that, but 380 00:19:32,460 --> 00:19:34,380 it's over a million dollars in 10 years. 381 00:19:34,380 --> 00:19:35,460 My question to you is this. 382 00:19:36,120 --> 00:19:41,460 If you're not going to think about money like this, okay, where else are you going 383 00:19:41,460 --> 00:19:44,610 to get a million dollars in 10 years off of a thousand dollars investment? 384 00:19:45,930 --> 00:19:47,100 It's just not going to happen for you. 385 00:19:47,100 --> 00:19:50,490 It doesn't happen unless you're gonna hit the lottery and lotteries, don't 386 00:19:50,520 --> 00:19:51,870 usually take 10 years to pay out. 387 00:19:51,900 --> 00:19:53,160 It's usually you win or you don't. 388 00:19:54,000 --> 00:19:59,130 So the idea of looking at the marketplace, like this is an absolute 389 00:19:59,850 --> 00:20:05,190 bastion of free enterprise that is untapped in terms of its limitlessness, 390 00:20:05,220 --> 00:20:07,080 it's crazy what you can do with it. 391 00:20:07,110 --> 00:20:11,310 But the problem is, is everyone wants to start out with a hundred dollars, okay. 392 00:20:11,310 --> 00:20:13,800 And turn it into a $10,000 account in six weeks. 393 00:20:14,100 --> 00:20:15,180 And that can not happen. 394 00:20:15,180 --> 00:20:15,990 It doesn't happen. 395 00:20:15,990 --> 00:20:18,660 It will not happen for you as well as I know how to trade. 396 00:20:18,660 --> 00:20:19,920 I still can't do that. 397 00:20:20,610 --> 00:20:23,820 So I'm telling you don't think that way, if you think like 398 00:20:23,820 --> 00:20:24,920 this, just for the first. 399 00:20:25,949 --> 00:20:29,580 And you can just repeat that every single month you end up at the end 400 00:20:29,580 --> 00:20:30,629 of the year, doubling your money. 401 00:20:33,149 --> 00:20:38,490 If you just worked your job and took whatever, whatever money you saved, okay. 402 00:20:38,490 --> 00:20:41,909 Over the course of a year, take a budget, budget yourself, say, look, 403 00:20:41,909 --> 00:20:43,679 you know, I have a paid TV every month. 404 00:20:44,129 --> 00:20:45,419 I'm going to focus on studying. 405 00:20:45,480 --> 00:20:46,679 I'm going to take the pay TV out. 406 00:20:46,949 --> 00:20:49,169 And I'm going to just focus on taking that money and saving it. 407 00:20:49,679 --> 00:20:52,770 And if I save that money over the course of a year, I will double what 408 00:20:52,770 --> 00:20:54,750 I would have spent in a utility bill. 409 00:20:54,959 --> 00:20:59,459 I'll double that in the course of a year, if you start looking at life like 410 00:20:59,459 --> 00:21:04,649 that, you will quickly see how easy it is to sell yourself to someone else when 411 00:21:04,649 --> 00:21:08,040 you knew how to trade, because you can tell them, Hey, look, I don't need a 412 00:21:08,040 --> 00:21:10,919 lot of your money, but just consider it. 413 00:21:11,159 --> 00:21:15,419 And then once you show them what you can do with your own funds, it's unbelievable 414 00:21:15,419 --> 00:21:17,699 how fast people start talking about you. 415 00:21:17,699 --> 00:21:21,240 They want to give you your money, give you their money, and then you manage it. 416 00:21:21,689 --> 00:21:23,100 And then you get all kinds of things. 417 00:21:23,820 --> 00:21:26,220 You get 2% management fee and you get a performance incentive. 418 00:21:26,610 --> 00:21:31,800 So once you get to that level of understanding of how to trade, don't think 419 00:21:31,980 --> 00:21:35,970 that you're so far behind the eight ball that you don't have the funds to trade 420 00:21:35,970 --> 00:21:38,790 to get yourself out of where you're at, because that can all change in two years, 421 00:21:39,570 --> 00:21:44,460 24 months, it can absolutely change the entire landscape of your entire existence. 422 00:21:44,460 --> 00:21:49,560 Everything changes because if you have a hundred thousand dollars, if you do 423 00:21:49,560 --> 00:21:53,700 the same things, you're making a hundred thousand dollars a year, do you make 424 00:21:53,700 --> 00:21:54,600 a hundred thousand dollars a year? 425 00:21:54,600 --> 00:21:58,020 Your job, some of you in my voice, your shot could probably 426 00:21:58,020 --> 00:21:58,720 say, yeah, I'll do that. 427 00:21:58,800 --> 00:21:59,879 I'm not let me more than that. 428 00:22:00,210 --> 00:22:03,149 Some of you in here own businesses, some of you have businesses. 429 00:22:03,240 --> 00:22:03,570 Okay. 430 00:22:03,570 --> 00:22:07,889 And you probably earn more than that, but majority of you don't, you don't. 431 00:22:08,370 --> 00:22:12,690 So if you can get yourself in 24 months from now, the ability to have someone 432 00:22:12,690 --> 00:22:18,899 else fund you, that level of initial capital, who cares what you have right 433 00:22:18,899 --> 00:22:21,960 now to start with, it may be even less than a thousand dollars right now. 434 00:22:22,830 --> 00:22:23,610 It's not important. 435 00:22:24,360 --> 00:22:27,300 All this, all it does is this, it makes it a little bit longer for you to get 436 00:22:27,300 --> 00:22:33,990 to that end game, but don't change your, your perspective on you need to have 437 00:22:33,990 --> 00:22:36,629 it right now because you don't because take trading out of the equation. 438 00:22:36,629 --> 00:22:38,220 What would you do if you didn't have, if you didn't have 439 00:22:38,220 --> 00:22:38,910 trading, what would you do? 440 00:22:39,960 --> 00:22:42,300 You go to work, you do the same thing you're doing now. 441 00:22:42,899 --> 00:22:44,370 You would just be miserable with no hope. 442 00:22:45,480 --> 00:22:47,220 There's absolutely hope. 443 00:22:47,520 --> 00:22:47,850 Okay. 444 00:22:47,850 --> 00:22:50,550 There's so many things for you to do, to do very well at this 445 00:22:50,550 --> 00:22:51,480 and you don't have to do a lot. 446 00:22:52,710 --> 00:22:54,210 So now what does it take to do this? 447 00:22:54,750 --> 00:22:57,660 You know, um, obviously I'm, I'm pitching you like I'm on trying to sell you 448 00:22:57,660 --> 00:23:01,620 a timeshare here, but the, the idea is important for you to understand 449 00:23:01,620 --> 00:23:06,210 that that low hanging fruit is the easiest thing to get, and that's all 450 00:23:06,210 --> 00:23:09,060 you would need to sell yourself to someone else to manage their funds. 451 00:23:09,060 --> 00:23:15,490 And you would be absolutely blown their socks off to get one and a half percent. 452 00:23:16,060 --> 00:23:18,670 Think about what would be necessary if you had a thousand dollar 453 00:23:18,670 --> 00:23:21,520 account and you'd make one and a half percent return for them. 454 00:23:22,425 --> 00:23:25,485 What would, what would be some of the parameters that will, uh, that 455 00:23:25,485 --> 00:23:27,254 would frame a return like that? 456 00:23:27,254 --> 00:23:31,544 What would you, what would you require in terms of a trade idea 457 00:23:31,754 --> 00:23:32,835 to pay out one and a half percent? 458 00:23:37,215 --> 00:23:39,405 I guess I should probably open up this little question tack because maybe 459 00:23:39,405 --> 00:23:42,645 some of you have some good feedback. 460 00:23:50,345 --> 00:23:50,615 Okay. 461 00:23:50,615 --> 00:23:53,345 So if you, if you ever, if you have a thousand dollars, okay. 462 00:23:53,345 --> 00:23:58,595 It's your equity and you're aiming for one and a half percent return for the week. 463 00:23:59,014 --> 00:23:59,495 Okay. 464 00:24:00,935 --> 00:24:04,325 So obviously if you're going to do gearing of leverage one-to-one, in 465 00:24:04,325 --> 00:24:11,314 other words, you're going to risk $15 to make $15 now, right away. 466 00:24:12,365 --> 00:24:13,175 Let's be realistic. 467 00:24:13,175 --> 00:24:14,885 Now you're a new trader. 468 00:24:15,455 --> 00:24:17,585 Now some of you probably aren't, I'm speaking to those in here 469 00:24:17,585 --> 00:24:20,915 that are, you have one-to-one. 470 00:24:21,885 --> 00:24:22,665 Risk to reward. 471 00:24:22,695 --> 00:24:25,845 In other words, you're going to put up $15 in a trade idea and 472 00:24:25,845 --> 00:24:30,555 attempts to hopefully make the $15 return that gearing is one-to-one. 473 00:24:30,945 --> 00:24:37,935 You have to be terribly accurate to do that very consistently as it. 474 00:24:37,935 --> 00:24:42,405 Now, now as a new trader, my question is this, do you, do you 475 00:24:42,405 --> 00:24:46,575 feel confident as a new trader that you can consistently find a trade 476 00:24:47,325 --> 00:24:52,035 risking one one-to-one every single week to make that one and half percent 477 00:24:58,365 --> 00:24:59,925 only two peoples answered so far. 478 00:25:00,255 --> 00:25:00,555 Okay. 479 00:25:00,555 --> 00:25:00,825 Okay. 480 00:25:00,825 --> 00:25:04,305 Now everybody's hearing me now and that's, and I'm in a lot 481 00:25:04,305 --> 00:25:05,685 of notes and I appreciate that. 482 00:25:07,425 --> 00:25:12,465 The idea is you need to figure out obviously what you're aiming for. 483 00:25:12,465 --> 00:25:15,195 If you don't have, you don't have a target, you're going to hit it every time. 484 00:25:16,275 --> 00:25:17,145 If you aim at nothing. 485 00:25:17,865 --> 00:25:18,555 Guaranteed. 486 00:25:18,555 --> 00:25:22,095 You're hitting that target every single time, because it's easy to do 487 00:25:22,095 --> 00:25:25,545 that, but you have to know what it is specifically you're looking for. 488 00:25:25,815 --> 00:25:27,465 So I'm going to give you some, some ideas. 489 00:25:27,465 --> 00:25:27,825 Okay. 490 00:25:28,395 --> 00:25:31,715 Uh, if you wanna make one and a half percent, there's a couple different ways. 491 00:25:31,905 --> 00:25:33,915 There's a lot of different ways, but there's a couple that come to mind. 492 00:25:35,415 --> 00:25:44,895 You can do a 30 PIP objective for a trade with a 15 PIP stop. 493 00:25:45,945 --> 00:25:48,435 That's two to one reward the risk. 494 00:25:48,705 --> 00:25:50,895 So you're going to risk two. 495 00:25:51,495 --> 00:25:53,025 I'm sorry, you got to risk one to make two. 496 00:25:53,835 --> 00:25:55,245 So in other words, the situation would be this. 497 00:25:55,635 --> 00:26:00,615 If you can find a trade that pays out 30 pips and frame the trade, 498 00:26:00,615 --> 00:26:06,630 where it allows you to risk a stop of 15 pips, you can trade with 15 50 499 00:26:06,630 --> 00:26:09,855 cents five, zero 50 cents per PIP. 500 00:26:10,935 --> 00:26:12,435 And get that on a two to one. 501 00:26:13,515 --> 00:26:14,325 Do you understand what I mean by. 502 00:26:21,844 --> 00:26:22,054 Okay. 503 00:26:22,054 --> 00:26:22,324 Good. 504 00:26:24,004 --> 00:26:29,254 What if, what if you can't be in the charts? 505 00:26:30,245 --> 00:26:34,024 So he can't be in the charts and you can't be watching five minute, 15 minute charts. 506 00:26:34,655 --> 00:26:43,074 What if you were forced to look at an hourly chart like we have here, could 507 00:26:43,074 --> 00:26:44,905 this same principle be used here? 508 00:26:51,415 --> 00:26:52,014 I got one. 509 00:26:52,014 --> 00:26:54,895 No, I'm not going to say your name, but you know who you are. 510 00:26:55,254 --> 00:26:56,304 Why would you say that? 511 00:26:56,364 --> 00:26:58,524 Why would you say no that you couldn't be done on an hourly chart? 512 00:27:09,930 --> 00:27:11,100 Entry is not difficult. 513 00:27:11,460 --> 00:27:14,730 It's the same techniques and concepts to supply to a different timeframe. 514 00:27:15,270 --> 00:27:17,610 And I gave you trust me, I'm not just gonna talk about when actually 515 00:27:17,610 --> 00:27:18,930 show you some, some examples here. 516 00:27:20,610 --> 00:27:26,220 So now, if we were looking at an hourly chart now, again, this can 517 00:27:26,220 --> 00:27:27,840 be applied to five minute charts. 518 00:27:27,840 --> 00:27:31,860 If you want to be day trading intraday sessions, you can apply 519 00:27:31,860 --> 00:27:36,750 this to day trading where a 15 minute chart is applicable. 520 00:27:36,960 --> 00:27:38,100 One-hour charts applicable. 521 00:27:38,639 --> 00:27:42,180 Um, you can do it as a one shot, one kill setups where you're using a four-hour 522 00:27:42,180 --> 00:27:43,889 chart and trading the weekly range. 523 00:27:44,639 --> 00:27:47,909 And you can do short-term trading to swing trading on a daily chart. 524 00:27:48,090 --> 00:27:48,450 Okay. 525 00:27:48,990 --> 00:27:53,190 Um, what would Nick, what would be wrong with looking for a 526 00:27:53,190 --> 00:27:59,220 trade that potentially pays out a hundred pips on a four-hour chart? 527 00:28:00,510 --> 00:28:03,720 With a stop of 25 pips, 528 00:28:08,110 --> 00:28:11,020 could you, could you frame the idea of making one and a half percent on 529 00:28:11,020 --> 00:28:16,000 a trade idea like that aiming for a hundred pips and risking 25 pips, 530 00:28:19,110 --> 00:28:21,090 and that's exactly what everybody would be looking for. 531 00:28:21,450 --> 00:28:25,140 You know, you're getting 41 gearing on your, on your trades. 532 00:28:27,150 --> 00:28:30,360 If you were looking at a daily chart, what would be wrong with 533 00:28:30,360 --> 00:28:37,290 taking on a trade that paid out 400 pips, but risking a hundred pips. 534 00:28:42,630 --> 00:28:44,040 It's the same gearing, right? 535 00:28:44,820 --> 00:28:47,220 You're hoping to make four to one wrist. 536 00:28:49,330 --> 00:28:51,250 So now let's, let's go back for a second. 537 00:28:51,670 --> 00:28:52,090 Okay. 538 00:28:53,470 --> 00:28:56,110 If we were thinking about framing our trade and our 539 00:28:56,110 --> 00:28:58,030 approach, our business model is. 540 00:28:59,190 --> 00:29:02,970 Cause here's here's, here's the camps that exist in the, uh, the 541 00:29:02,970 --> 00:29:04,260 thought processes behind trading. 542 00:29:04,649 --> 00:29:06,570 There are folks out there that don't know what they're doing. 543 00:29:06,690 --> 00:29:07,500 They don't make money. 544 00:29:07,649 --> 00:29:08,070 Okay. 545 00:29:08,460 --> 00:29:09,720 They are all pretending they're online. 546 00:29:09,720 --> 00:29:10,800 And they have this online persona. 547 00:29:10,830 --> 00:29:13,350 They, they, they think they know something and because they know nothing, 548 00:29:13,350 --> 00:29:15,600 they get online and pretend it makes them feel better about themselves. 549 00:29:16,889 --> 00:29:21,570 What they tell you is you should not have weekly goals. 550 00:29:22,230 --> 00:29:26,340 You should not have weekly percentage return goals. 551 00:29:26,490 --> 00:29:28,920 You should not have dollar goals. 552 00:29:29,639 --> 00:29:32,850 And I'm going to tell you what business out there doesn't have 553 00:29:33,180 --> 00:29:38,670 forecasts and goals in what they hope to make every business out there. 554 00:29:39,240 --> 00:29:42,930 Every single business out there has sales projections. 555 00:29:42,960 --> 00:29:43,889 Am I right or wrong? 556 00:29:49,750 --> 00:29:53,590 So when you listen to someone, okay, after this, after this 557 00:29:53,590 --> 00:29:57,700 teaching today, if you ever hear anyone tell you, you should know. 558 00:29:58,514 --> 00:30:04,335 Look for making certain amount of pips per week, because I caught a lot of flack 559 00:30:04,335 --> 00:30:09,165 from people over in baby pips back in 2010, these same goobers are still over 560 00:30:09,165 --> 00:30:10,514 there and they still can't trade them. 561 00:30:10,514 --> 00:30:11,985 What their cells have a wet paper bag. 562 00:30:12,705 --> 00:30:18,375 The idea of knowing what to look for gives you that ability. 563 00:30:19,875 --> 00:30:23,445 If you understand what the market's telling you at any given 564 00:30:23,445 --> 00:30:28,545 timeframe, you'll know exactly what it is that's available to you. 565 00:30:29,504 --> 00:30:31,875 For instance, we're gonna look at it. 566 00:30:31,965 --> 00:30:33,165 We're gonna look at an hourly chart. 567 00:30:33,285 --> 00:30:33,675 Okay. 568 00:30:34,125 --> 00:30:35,535 Now that's, I'm sure to be honest. 569 00:30:35,535 --> 00:30:35,895 Okay. 570 00:30:36,075 --> 00:30:39,615 And you tell me if this is not what we have already talked about 571 00:30:39,615 --> 00:30:41,085 just in the first month already. 572 00:30:41,295 --> 00:30:43,605 And if you've been through my free tutorials, you'll see a lot of this stuff. 573 00:30:44,685 --> 00:30:45,045 Okay. 574 00:30:45,495 --> 00:30:51,764 So if we look at price and we see price, make a willingness to move away here. 575 00:30:52,575 --> 00:30:55,065 Now this, this move here, isn't justified. 576 00:30:55,980 --> 00:30:56,310 Okay. 577 00:30:56,310 --> 00:31:00,180 In other words, in other words, we don't look for a long, until the move away from 578 00:31:00,180 --> 00:31:05,310 this low takes out a significant high, this high being as significant high. 579 00:31:05,370 --> 00:31:09,389 Do you understand why this high here would be significant to the left of this low? 580 00:31:12,120 --> 00:31:16,740 So when price goes up here, does this high break, this tie to the left of it? 581 00:31:18,990 --> 00:31:19,379 No. 582 00:31:19,830 --> 00:31:20,639 So you have to wait. 583 00:31:21,240 --> 00:31:24,720 So the market has a little bit of retracement and then what happens? 584 00:31:24,780 --> 00:31:29,580 It expands up then it trades through this high right here on this candle. 585 00:31:30,210 --> 00:31:32,850 So now we have, what did we learn about in the first month? 586 00:31:32,850 --> 00:31:33,629 What's this called? 587 00:31:38,590 --> 00:31:39,430 Impulse swing. 588 00:31:40,389 --> 00:31:40,629 Okay. 589 00:31:40,629 --> 00:31:41,350 Impulse swing. 590 00:31:42,220 --> 00:31:45,220 So, and again, I'm not trying to teach optimal trade entry with 591 00:31:45,220 --> 00:31:49,750 Fibonacci, but I just wanted you to understand in scope of discount 592 00:31:49,750 --> 00:31:51,610 and premium, we have the low here. 593 00:31:53,195 --> 00:31:56,345 This high can't be used because it didn't break this previous higher here. 594 00:31:56,735 --> 00:31:58,775 We can use this high here. 595 00:31:59,465 --> 00:32:04,625 So when it gets to that high here, we can now look and see equilibrium is down here. 596 00:32:05,375 --> 00:32:08,315 When price gets below equilibrium, we're at a discount and it goes 597 00:32:08,315 --> 00:32:09,695 right into what, what is this? 598 00:32:27,365 --> 00:32:30,575 I'm looking for a specific, it's a pattern I'm looking for. 599 00:32:30,575 --> 00:32:33,455 Actually, I'm asking for what's this over here. 600 00:32:35,335 --> 00:32:35,965 Turtle soup. 601 00:32:36,805 --> 00:32:38,965 Turtle soup is a false break below an old low. 602 00:32:39,595 --> 00:32:39,835 Okay. 603 00:32:39,835 --> 00:32:45,535 So we have a couple of things going on here, the market rallies up, and we 604 00:32:45,535 --> 00:32:47,095 would not be able to see any trades. 605 00:32:48,210 --> 00:32:51,180 Because it doesn't go much below the equilibrium price point relative 606 00:32:51,180 --> 00:32:53,790 to this hot, low up to this high. 607 00:32:54,600 --> 00:32:57,810 So when price trades through that, we're watching this candle, this 608 00:32:57,810 --> 00:33:01,230 candle, this candle, this candle, and it never gets back down below this 609 00:33:01,230 --> 00:33:03,270 low, but then watch what happens. 610 00:33:03,270 --> 00:33:07,230 It trades higher here and then the next candle, it trades higher here. 611 00:33:07,530 --> 00:33:08,129 You see that. 612 00:33:10,870 --> 00:33:13,870 So as price was trading forward, in other words, it's still got like this. 613 00:33:15,220 --> 00:33:20,409 Initially you'd have it set up like this and every new candle that forms 614 00:33:21,010 --> 00:33:23,950 we're watching to see if it drops down below equilibrium, relative to 615 00:33:23,950 --> 00:33:27,250 the low up to the higher high that broke market structure over here. 616 00:33:29,530 --> 00:33:30,580 I'm getting ready to explain that, man. 617 00:33:30,610 --> 00:33:33,040 I'm just trying to show you because you wouldn't see that high yet. 618 00:33:33,940 --> 00:33:35,889 The question is why wouldn't you use that next high? 619 00:33:36,159 --> 00:33:37,840 And I want you to understand it. 620 00:33:38,379 --> 00:33:41,050 You wouldn't know that high is there until it forms, right? 621 00:33:41,139 --> 00:33:42,040 I mean, right here, you don't see. 622 00:33:46,195 --> 00:33:46,465 Okay. 623 00:33:46,465 --> 00:33:49,794 So every, every new candle you're monitoring now, what happens here? 624 00:33:50,125 --> 00:33:54,294 We have a higher high, we clear out the high here, here, and 625 00:33:54,294 --> 00:33:55,254 this short-term high here. 626 00:33:55,254 --> 00:34:00,594 So now we have to do what anchor our fed well, net new high, 627 00:34:05,784 --> 00:34:09,654 and then the next candle, it creates a smaller, shorter term Haim, but 628 00:34:09,654 --> 00:34:13,674 it doesn't trade down until at the close of that day or this hour candle. 629 00:34:16,784 --> 00:34:19,904 So there's your swing from low up to high. 630 00:34:20,264 --> 00:34:24,284 And as the market creates these higher highs, you're watching to see if it trades 631 00:34:24,284 --> 00:34:29,654 back down below equilibrium, because do we buy at a premium or above equilibrium? 632 00:34:32,505 --> 00:34:36,074 Not for, not for low risk and high probability. 633 00:34:36,074 --> 00:34:36,344 We don't. 634 00:34:38,210 --> 00:34:39,500 So we're looking for discount. 635 00:34:40,610 --> 00:34:43,670 We frame discount with monitoring, where equilibrium would be 636 00:34:43,670 --> 00:34:45,140 price has to trade below that. 637 00:34:45,740 --> 00:34:49,850 And if we can couple the idea of being in discount with ideas of 638 00:34:49,850 --> 00:34:54,140 institutional order flow, meaning if we think this is an impulse price swing, 639 00:34:54,140 --> 00:34:57,650 which by all indications suggests that it is because it took out a 640 00:34:57,650 --> 00:35:02,360 swing high here, we broke through it, looking at near term price action. 641 00:35:02,360 --> 00:35:03,140 This looks weak. 642 00:35:03,170 --> 00:35:07,130 It looks, it looks bearish, but you have what resting below these lows 643 00:35:07,130 --> 00:35:08,960 here, but what resides below that low? 644 00:35:15,140 --> 00:35:16,250 What kind of stops now? 645 00:35:17,420 --> 00:35:19,490 Some of you you're saying by stops, what kind of stops is it? 646 00:35:21,500 --> 00:35:26,750 If you're a long, think someone's long here they've been making money. 647 00:35:27,290 --> 00:35:29,180 They're going to share their stop loss below this low. 648 00:35:29,180 --> 00:35:31,580 If your long, what kind of stock do you use to protect it? 649 00:35:34,140 --> 00:35:35,910 So sell thoughts are below this low. 650 00:35:35,940 --> 00:35:38,250 Now think about the context of what's being framed here. 651 00:35:39,870 --> 00:35:42,750 You have a market that has an impulse price swing higher. 652 00:35:44,970 --> 00:35:50,940 It has retraced, and it went down below a previous low that's like a loaded deal. 653 00:35:51,120 --> 00:35:55,140 It's it's like, that's a gift because you're, you're seeing the market come 654 00:35:55,140 --> 00:35:58,050 down to take out individuals that already are in the marketplace long. 655 00:35:58,830 --> 00:36:01,920 So why would they allow price to go below this low to activate 656 00:36:01,920 --> 00:36:03,090 their cell stops to generate? 657 00:36:03,090 --> 00:36:03,930 What kind of liquidity? 658 00:36:09,730 --> 00:36:11,080 Hold your question around. 659 00:36:16,880 --> 00:36:20,180 If they allow the marketplace to below this low, it forces an injection of 660 00:36:20,180 --> 00:36:24,170 liquidity in the marketplace for the smart money to do what as a counterparty, 661 00:36:27,360 --> 00:36:30,600 it forces selling liquidity for their new buying. 662 00:36:31,320 --> 00:36:31,890 Do you understand that? 663 00:36:32,910 --> 00:36:36,779 Does anybody not understand that because it's gonna be really fruitless for me 664 00:36:36,779 --> 00:36:37,890 to continue if you don't know that. 665 00:36:41,440 --> 00:36:41,830 Okay. 666 00:36:43,390 --> 00:36:47,860 As the market trades higher, our understanding is that someone is in that 667 00:36:47,860 --> 00:36:54,190 marketplace, bullish the market, usually leaves a lo intact and then eventually 668 00:36:54,190 --> 00:36:55,779 comes back and runs out that low. 669 00:36:56,590 --> 00:36:59,770 If we have the idea that the market should be higher, because we've seen this 670 00:37:00,310 --> 00:37:02,410 short-term high broken on the upside. 671 00:37:02,560 --> 00:37:03,730 So this is an impulse swing. 672 00:37:03,970 --> 00:37:05,620 The market has shown a willingness to go up. 673 00:37:06,490 --> 00:37:10,900 If it comes back down below a short term low, if it goes below that our 674 00:37:10,900 --> 00:37:15,820 understanding is, is there cell stops below this low in the form of those 675 00:37:15,820 --> 00:37:17,710 that are along that want to make money. 676 00:37:18,400 --> 00:37:19,390 They have their cell stop. 677 00:37:19,400 --> 00:37:21,759 Re-pull below that load because that's what the books and everybody else teaches 678 00:37:21,940 --> 00:37:22,870 that that's where they're stopped. 679 00:37:24,450 --> 00:37:27,150 If they have their stops there, it's not gonna be one or two traders donut. 680 00:37:27,180 --> 00:37:29,460 It's going to be, everybody looks at an hourly chart as long. 681 00:37:29,700 --> 00:37:32,220 They're going to see this as, okay, well, this is a big engulfing candle. 682 00:37:32,460 --> 00:37:35,580 I have a real good, safe opportunity to place my stop-loss below that low. 683 00:37:36,210 --> 00:37:40,200 And it's going to be a sell stop because a long position is protected when the 684 00:37:40,200 --> 00:37:43,319 market trades below a specific level that you have as a threshold where you 685 00:37:43,319 --> 00:37:47,100 don't want to see any more incurred loss, that's where you put yourself. 686 00:37:47,100 --> 00:37:47,640 Stop that. 687 00:37:47,700 --> 00:37:50,790 So if it trade down below this low, everybody that would have a sell stop. 688 00:37:50,819 --> 00:37:56,730 The below that low would force sell stocks, become market orders 689 00:37:56,730 --> 00:38:01,470 to sell at market and market makers will use that liquidity. 690 00:38:01,680 --> 00:38:05,850 That's just injected in the marketplace to buy it. 691 00:38:06,089 --> 00:38:09,270 They'll buy what the willing participants want to sell out of their long positions. 692 00:38:09,450 --> 00:38:10,980 There's going to be a huge rush to sell. 693 00:38:12,270 --> 00:38:14,759 So what happens is when that market drops down here like this, 694 00:38:14,910 --> 00:38:16,620 it's called pairing of orders. 695 00:38:16,650 --> 00:38:19,350 P a I R I N G pairing. 696 00:38:21,135 --> 00:38:24,525 It forces liquidity for smart money. 697 00:38:24,525 --> 00:38:30,855 Buying smart money needs to have parties to sell to them because 698 00:38:30,855 --> 00:38:33,045 smart money by nature are sellers. 699 00:38:33,345 --> 00:38:34,815 They're providers of liquidity. 700 00:38:35,235 --> 00:38:39,525 So they have to force people to put sell stocks in the marketplace below 701 00:38:39,525 --> 00:38:44,325 lows, and that way they can get, um, liquidity counterparties for their buying. 702 00:38:44,895 --> 00:38:46,065 Does that make more sense now, now? 703 00:38:51,295 --> 00:38:51,655 Okay. 704 00:38:52,045 --> 00:38:56,095 So now if we see that the impulse price swing higher, the market 705 00:38:56,095 --> 00:39:00,055 trades below a low here and on top of that, we're also inside of a deep 706 00:39:00,055 --> 00:39:02,035 discount or optimal trade entry. 707 00:39:02,875 --> 00:39:03,235 Okay. 708 00:39:03,535 --> 00:39:07,465 What else is going on right here as price hits this low is probably not that 709 00:39:07,465 --> 00:39:11,575 clear to see, but I'm going to, I'm just gonna put a little rectangle here, highly 710 00:39:11,575 --> 00:39:16,165 in the fact that we're in what would be considered 62 to 79% retracement. 711 00:39:19,290 --> 00:39:21,150 You want to take the fibar so we can see a little bit better. 712 00:39:21,750 --> 00:39:23,670 So as it hits this area here, what are we doing? 713 00:39:23,670 --> 00:39:25,200 We're taking out an area stops. 714 00:39:26,370 --> 00:39:26,759 Okay. 715 00:39:27,270 --> 00:39:28,740 And then what's going on also in here. 716 00:39:31,420 --> 00:39:32,110 Very good. 717 00:39:32,799 --> 00:39:33,490 Very good. 718 00:39:34,299 --> 00:39:35,799 What's this candle right here. 719 00:39:38,200 --> 00:39:41,860 What's this candle bullish order block. 720 00:39:41,890 --> 00:39:45,310 What makes this what's makes this down black candle bullish. 721 00:39:45,820 --> 00:39:50,590 It's the L it's the last candle before the low, before the price swing higher forms. 722 00:39:51,610 --> 00:39:56,140 We understand that this is exactly where the most sensitive price 723 00:39:56,140 --> 00:39:57,580 point for buying is going to be. 724 00:39:57,850 --> 00:39:59,799 Now, is it going to be the wick? 725 00:40:00,610 --> 00:40:03,100 Is it going to be the opening of that candle is going to 726 00:40:03,100 --> 00:40:04,120 be the middle of that candle. 727 00:40:04,120 --> 00:40:05,380 Is it going to be the low of the candle? 728 00:40:05,380 --> 00:40:07,270 What's the, what's the most sensitive price point. 729 00:40:13,450 --> 00:40:15,190 What do you see most of on this candle? 730 00:40:15,190 --> 00:40:17,049 Is there a lot of body or is it a lot of, is it a lot. 731 00:40:22,740 --> 00:40:23,580 The body, right? 732 00:40:23,850 --> 00:40:26,549 So we have more beefiness to the candle and the body. 733 00:40:26,549 --> 00:40:30,959 So we're going to elect to use the opening price, but we'll permit sensitivity 734 00:40:31,049 --> 00:40:33,839 as to what price level on this candle. 735 00:40:33,930 --> 00:40:36,450 If it's not just the opening price, where are we going to go to next? 736 00:40:42,890 --> 00:40:43,189 Okay. 737 00:40:43,189 --> 00:40:44,479 I mean, he asked you this way. 738 00:40:46,040 --> 00:40:51,950 If we identify the opening price, that's where we highlight the most sensitivity. 739 00:40:52,399 --> 00:40:52,850 Okay. 740 00:40:53,779 --> 00:40:54,620 Now that's the key word. 741 00:40:54,620 --> 00:41:00,379 The most sensitivity that sensitivity can begin as early as what? 742 00:41:02,990 --> 00:41:07,879 The high of the candle right now, do we want to see the 743 00:41:07,879 --> 00:41:09,799 middle of the candle traded too? 744 00:41:10,640 --> 00:41:13,759 If it's a high probability trades, do we want the middle of that candle trade? 745 00:41:15,415 --> 00:41:15,715 No. 746 00:41:15,715 --> 00:41:16,375 Exactly. 747 00:41:16,525 --> 00:41:18,595 So you don't want sensitivity. 748 00:41:19,285 --> 00:41:19,795 Okay. 749 00:41:20,245 --> 00:41:23,154 Or the willingness to want to see price, go down to that middle candle 750 00:41:23,215 --> 00:41:27,595 as much as you possibly can, because that's the least favorable condition 751 00:41:27,595 --> 00:41:29,875 you want to see sensitivity or support. 752 00:41:29,935 --> 00:41:34,825 In this case, you want to see price find support at the body's candle or opening 753 00:41:34,825 --> 00:41:38,185 on a down candle and as early as the high. 754 00:41:38,815 --> 00:41:42,505 So in here between the wits high in the body of the candle, that's where 755 00:41:42,505 --> 00:41:44,424 the most sensitivity should occur. 756 00:41:44,815 --> 00:41:50,125 But we allow, we allow how much of a move into that down candle, 757 00:41:54,845 --> 00:41:55,955 50% of the candle. 758 00:41:55,985 --> 00:41:57,634 And what does that, what does that mean 759 00:42:01,805 --> 00:42:02,634 mean threshold? 760 00:42:02,634 --> 00:42:02,935 Right? 761 00:42:03,565 --> 00:42:09,715 So if we see the candle trade down through the middle of the candle and it closes, 762 00:42:11,005 --> 00:42:12,355 what does that mean for your trade idea? 763 00:42:12,384 --> 00:42:13,495 Do you wait for your full stop? 764 00:42:16,810 --> 00:42:20,859 What can you do exactly? 765 00:42:20,950 --> 00:42:24,490 You can either take some of the trade off if you still feel convicted about 766 00:42:24,490 --> 00:42:28,600 it or collapse the trade and move on to a next, next high probability trade. 767 00:42:29,770 --> 00:42:30,160 Very good. 768 00:42:30,160 --> 00:42:30,700 Very good. 769 00:42:31,149 --> 00:42:34,299 So this is where the sensitivity begins to rent the opening 770 00:42:34,299 --> 00:42:36,069 price on this down candle. 771 00:42:36,939 --> 00:42:40,529 I'm going to eyeball the middle worried about there. 772 00:42:43,970 --> 00:42:46,879 So from the opening of that candle, to the close of that candle, again, 773 00:42:47,180 --> 00:42:51,649 when we use the mean threshold, we are not counting the wick, it's 774 00:42:51,649 --> 00:42:53,419 really, really, really important. 775 00:42:54,470 --> 00:42:58,100 Do not look at the middle of the candle from the high to the low, the 776 00:42:58,109 --> 00:42:59,689 wicks are going to throw you off. 777 00:43:00,020 --> 00:43:02,569 You want to look at the body of the candle and divide that in 778 00:43:02,569 --> 00:43:04,910 half, extend that out in time. 779 00:43:04,910 --> 00:43:06,080 That's where sensitivity should be. 780 00:43:06,259 --> 00:43:12,109 Why is the middle of the candle, the last threshold what's going on at that level? 781 00:43:12,109 --> 00:43:12,169 Yeah. 782 00:43:13,154 --> 00:43:15,435 I'm not sure if I actually taught this or not, but I don't know if I 783 00:43:15,435 --> 00:43:16,955 did, but I'll know if you answered, 784 00:43:24,884 --> 00:43:26,535 Jonathan says no freaking idea. 785 00:43:27,075 --> 00:43:31,245 Well, how does price, how do we get price delivered to us 786 00:43:41,185 --> 00:43:43,104 by way of the Alan Bell? 787 00:43:45,055 --> 00:43:48,024 The interbank algo, the, the, the price delivery mechanism 788 00:43:48,024 --> 00:43:49,854 that feeds us, our pricing. 789 00:43:50,274 --> 00:43:50,725 Okay. 790 00:43:51,865 --> 00:43:52,884 Is price random? 791 00:44:00,944 --> 00:44:01,515 No way. 792 00:44:02,654 --> 00:44:07,604 So if we can see the impulse price swing here, it's going higher. 793 00:44:08,564 --> 00:44:11,774 If they come down below a low and the overall. 794 00:44:12,585 --> 00:44:15,585 Model is still bullish because we seen market structure break. 795 00:44:15,585 --> 00:44:20,745 Here we go back to an area at which the algo is going to know by reference. 796 00:44:21,645 --> 00:44:25,125 Now everyone's whip is going to be different on a, on your candle, 797 00:44:25,125 --> 00:44:29,055 just for, uh, for study purposes for everyone that is watching this, 798 00:44:29,774 --> 00:44:30,765 uh, and do it in your recording. 799 00:44:30,765 --> 00:44:31,815 Not now just pay attention. 800 00:44:31,815 --> 00:44:32,895 If you're listening to it, live here. 801 00:44:33,585 --> 00:44:35,504 What you're going to do is you're going to look at your candle 802 00:44:35,595 --> 00:44:39,795 on, uh, September 26th, 2016. 803 00:44:40,455 --> 00:44:44,565 Um, whatever, whatever this candle was representative of your 804 00:44:44,565 --> 00:44:49,004 time, this would be, uh, would that be in nice for one is five. 805 00:44:49,634 --> 00:44:51,524 Two is it's three o'clock in the morning. 806 00:44:52,904 --> 00:44:55,305 New York time, September 26th. 807 00:44:55,785 --> 00:44:56,924 Find out what your low is. 808 00:44:56,924 --> 00:45:00,045 1 29, 24 and your high for that candle. 809 00:45:00,674 --> 00:45:01,605 1 29 52. 810 00:45:01,605 --> 00:45:03,795 And I guarantee you, your candle is going to have different highs and lows. 811 00:45:04,964 --> 00:45:09,495 But the middle of the body of the candle, the bulk of that body, that's going 812 00:45:09,495 --> 00:45:14,444 to be the closest representation of the central banks, uh, price delivery. 813 00:45:14,775 --> 00:45:15,045 Okay. 814 00:45:15,045 --> 00:45:18,134 It's going to, it's going to be the closest thing that you're going to get. 815 00:45:18,315 --> 00:45:19,845 It's still not going to be absolute. 816 00:45:19,875 --> 00:45:23,535 It's still not gonna be perfect, but this is the bridge I made between what 817 00:45:23,535 --> 00:45:27,855 I learned about how prices delivered to us and seeing in our own charts. 818 00:45:28,575 --> 00:45:34,785 So the, the, the epiphany I had was this thing occurs like 819 00:45:34,785 --> 00:45:36,884 on a 90 plus percent basis. 820 00:45:37,035 --> 00:45:40,634 So if you know where the majority of the Mo momentum's going to be, 821 00:45:40,634 --> 00:45:43,575 or the next price leg is going to be higher or lower, all you have 822 00:45:43,575 --> 00:45:44,895 to do is find that down candle. 823 00:45:44,924 --> 00:45:48,285 If you're bullish, divide that in half, and anything above that point 824 00:45:48,345 --> 00:45:50,835 up, you should be focusing on buying. 825 00:45:51,615 --> 00:45:53,625 Now, here's the thing, here's the wonderful thing about this. 826 00:45:54,435 --> 00:46:00,555 Say you are a trader that can not, so you can't be in front 827 00:46:00,555 --> 00:46:01,395 of the charts all the time. 828 00:46:01,725 --> 00:46:02,145 Okay. 829 00:46:03,675 --> 00:46:09,765 Can you between, I don't know, maybe a seven o'clock in the morning, nine 830 00:46:09,765 --> 00:46:10,694 o'clock in the morning, New York. 831 00:46:10,845 --> 00:46:15,645 Can you periodically check your phone and take literally 10 seconds to see 832 00:46:16,125 --> 00:46:20,715 where price is on British pound USD, regardless of what you're doing, if 833 00:46:20,715 --> 00:46:25,245 you're working a job or whatever, can you take 10 to 15 seconds to see 834 00:46:25,635 --> 00:46:29,895 where price is between seven o'clock and nine o'clock in the morning? 835 00:46:29,895 --> 00:46:32,625 Just periodically look, I mean, if you get texts from your wife or your husband, 836 00:46:32,925 --> 00:46:33,795 I mean, you're doing the same thing. 837 00:46:33,855 --> 00:46:35,445 Well, maybe not so much the husband, you're probably not. 838 00:46:36,345 --> 00:46:38,325 If you're like me, I get in trouble all the time for not 839 00:46:38,325 --> 00:46:39,165 answering my wife's texts. 840 00:46:39,165 --> 00:46:45,045 But the, uh, the idea of being able to look at the market, you have 841 00:46:45,045 --> 00:46:46,035 to be able to be able to see it. 842 00:46:46,215 --> 00:46:46,455 Okay. 843 00:46:46,455 --> 00:46:47,355 You have to be able to reference it. 844 00:46:47,355 --> 00:46:49,755 And there specific times of the day that you need to be able to do that. 845 00:46:50,415 --> 00:46:53,235 So some platforms allow us to have alerts. 846 00:46:53,685 --> 00:46:56,325 Now I'm not a real big fan of alerts because I'm actually 847 00:46:56,505 --> 00:46:59,205 really conscious of what price is doing specific times of the day. 848 00:46:59,655 --> 00:47:04,905 But if you have jobs or business, Then you can obviously set these alerts when, if 849 00:47:04,905 --> 00:47:06,825 you see price trade below this low here. 850 00:47:07,455 --> 00:47:07,755 Okay. 851 00:47:07,785 --> 00:47:08,775 Or how about this? 852 00:47:09,075 --> 00:47:14,845 We knew what the, uh, with the Fibonacci equilibrium level 853 00:47:14,845 --> 00:47:17,985 was relative to this high. 854 00:47:18,255 --> 00:47:22,185 So once this high forums here, once this high forums in the 855 00:47:22,185 --> 00:47:25,185 trade, I mean, I'm sorry that you see that it's trading lower. 856 00:47:25,845 --> 00:47:28,305 All you have to do is do what you can see, what equilibrium 857 00:47:28,305 --> 00:47:29,475 is, whatever that price point is. 858 00:47:29,475 --> 00:47:31,815 And all you've got to do is get a reference point like this. 859 00:47:36,725 --> 00:47:36,995 Okay. 860 00:47:36,995 --> 00:47:40,895 So now you have alert, set an alert for price to alert you. 861 00:47:41,255 --> 00:47:46,955 If it gets below 1 29 60, if price goes below 1 29, 60 on British pound USD, 862 00:47:46,955 --> 00:47:51,095 your phone or your device will email you or send you a text message and say, 863 00:47:51,095 --> 00:47:54,425 Hey, British pound is below 1 29 60. 864 00:47:54,455 --> 00:47:55,265 So what does that mean? 865 00:47:55,445 --> 00:47:55,605 Go. 866 00:47:57,045 --> 00:47:59,115 Go your charts to say, okay, well, it's trading down here. 867 00:47:59,415 --> 00:48:01,125 It's gone below that level of equilibrium. 868 00:48:01,575 --> 00:48:02,025 Okay. 869 00:48:02,265 --> 00:48:06,045 And these are hourly candles and you can do this on a four 870 00:48:06,045 --> 00:48:07,635 hour or, or a daily basis. 871 00:48:07,635 --> 00:48:12,255 It doesn't matter, but there's no reason why none of you can't do these types of 872 00:48:12,255 --> 00:48:15,195 things, because there's so many things in technology that allows you to be alerted. 873 00:48:15,465 --> 00:48:16,935 You don't have to stare at charts all day long. 874 00:48:16,935 --> 00:48:20,115 Once you understand what it is you're looking for, you can set these little 875 00:48:20,115 --> 00:48:23,085 things up to alert you, but because I'm a nut and I want to be in the 876 00:48:23,085 --> 00:48:24,615 marketplace studying all the time. 877 00:48:24,855 --> 00:48:27,915 Even if I'm not taking live trades, I'm always available. 878 00:48:27,915 --> 00:48:30,525 I mean, you guys can see it when I'm clicking charts and sending them to you. 879 00:48:30,525 --> 00:48:31,215 I'm getting it right. 880 00:48:31,215 --> 00:48:34,185 When it hits the water block, I'm sending it right to you when it's happening. 881 00:48:34,185 --> 00:48:36,255 As it, the level I call for I'm there all the time. 882 00:48:36,255 --> 00:48:36,795 I'm seeing it. 883 00:48:37,275 --> 00:48:37,815 I'm not out there. 884 00:48:37,815 --> 00:48:39,795 Waxing cars and filling gas tanks. 885 00:48:39,825 --> 00:48:41,535 I mean, I'm doing charts study. 886 00:48:41,535 --> 00:48:46,875 So looking at price when price goes down below this low here, right below this 887 00:48:46,875 --> 00:48:49,425 low, we know that we are in an area. 888 00:48:51,205 --> 00:48:52,405 Yeah, I know I have a trader's life. 889 00:48:52,405 --> 00:48:56,485 That's the kind of life I have the, uh, I guess you can say that I try to 890 00:48:56,485 --> 00:49:00,175 just like this new life until you're actually on vacation, but the low here, 891 00:49:00,505 --> 00:49:04,165 when we trade below that we know that we have potential run outs to sell 892 00:49:04,165 --> 00:49:08,605 stops, which is going to inject selling liquidity for buying for smart money. 893 00:49:09,715 --> 00:49:12,265 And here's the middle of that down candle. 894 00:49:12,625 --> 00:49:14,935 So now what's the idea we're here. 895 00:49:14,985 --> 00:49:17,635 When we see price trade down here, what can we do with this? 896 00:49:22,265 --> 00:49:24,455 You can do what's the pricing over here? 897 00:49:24,455 --> 00:49:25,955 Where, what price levels are we looking at? 898 00:49:25,955 --> 00:49:28,505 What, what level is this right over here? 899 00:49:29,015 --> 00:49:29,735 What level is that? 900 00:49:30,695 --> 00:49:31,685 It's a 50 level. 901 00:49:32,375 --> 00:49:35,765 That's highly sensitive, big, big, big defensive level. 902 00:49:36,815 --> 00:49:38,345 So we have an institutional mid figure. 903 00:49:39,065 --> 00:49:39,455 Okay. 904 00:49:39,485 --> 00:49:40,445 It's a 50 level. 905 00:49:41,615 --> 00:49:45,165 So when there's gonna be sensitivity around that price level, Especially the 906 00:49:45,165 --> 00:49:46,845 fact that there was a previous low there. 907 00:49:46,905 --> 00:49:50,865 If we see price come down below a previous low, and it's at a mid figure or a brown 908 00:49:50,895 --> 00:49:56,535 big figure number, and it's 1 30, 0, 0, or 1 29 zeros, are there big figure numbers. 909 00:49:57,435 --> 00:50:00,645 If you see a low or a high violated around that level, 910 00:50:00,675 --> 00:50:01,815 many times that's a turtle suit. 911 00:50:01,815 --> 00:50:03,585 That's something to put in your note pads and start studying 912 00:50:03,585 --> 00:50:04,245 the rest of the week too. 913 00:50:04,845 --> 00:50:09,045 But for here, we have a loaded deal where we have a low violet here with 914 00:50:09,045 --> 00:50:11,145 the impulse price leg, moving higher. 915 00:50:11,835 --> 00:50:13,035 We're at an order block here. 916 00:50:13,125 --> 00:50:17,835 So the idea is we could be buying on a limit order at 1 29 50. 917 00:50:18,435 --> 00:50:18,825 Okay. 918 00:50:18,975 --> 00:50:20,145 1 29 50. 919 00:50:20,745 --> 00:50:24,195 Our stop is defined by the mean threshold 1 29 34. 920 00:50:24,345 --> 00:50:26,685 So we can go about 10 or 15 pips below that. 921 00:50:28,375 --> 00:50:32,515 So in that case, what we'll be looking at, what price level would 922 00:50:32,515 --> 00:50:36,355 be will we be using if this was the data provider you're actually 923 00:50:36,355 --> 00:50:37,705 trading on this with your platform? 924 00:50:38,275 --> 00:50:41,905 And the mean threshold comes in at 1 29 34, we want to go 15 FIPs below that. 925 00:50:42,325 --> 00:50:42,945 What would our. 926 00:50:45,170 --> 00:50:46,610 Roughly 1 29 20. 927 00:50:47,240 --> 00:50:47,570 Okay. 928 00:50:47,870 --> 00:50:50,060 So 1 29 20 defines our risk. 929 00:50:59,130 --> 00:51:00,540 There's your stop now? 930 00:51:00,570 --> 00:51:01,830 Here's the, here's the problem. 931 00:51:02,160 --> 00:51:02,549 Okay. 932 00:51:03,120 --> 00:51:03,630 Folks. 933 00:51:04,140 --> 00:51:08,490 See these types of trading things in books and such, and they'll 934 00:51:08,490 --> 00:51:10,410 say, okay, here's the swing low? 935 00:51:10,410 --> 00:51:11,580 And maybe this is the retracement. 936 00:51:11,730 --> 00:51:15,090 They're going to put their stop loss where everybody else out there and 937 00:51:15,090 --> 00:51:16,500 trading where's your stop-loss going to be 938 00:51:20,299 --> 00:51:21,020 under this low. 939 00:51:21,020 --> 00:51:21,350 Right. 940 00:51:22,580 --> 00:51:25,250 And it's going to be what, 10 or 20 pips below that low. 941 00:51:27,710 --> 00:51:28,130 Isn't that? 942 00:51:28,130 --> 00:51:28,880 What you all learned? 943 00:51:29,630 --> 00:51:34,040 Put your stop bloke old, low 10 to 20 pips below it because 944 00:51:34,040 --> 00:51:35,180 it's protected under there. 945 00:51:36,680 --> 00:51:39,740 When we've been teaching that the stock runs go 10 to 20 pips. 946 00:51:40,995 --> 00:51:44,415 So my question to you is this, is this a bad idea? 947 00:51:44,444 --> 00:51:47,205 Putting a stop-loss up here above the low? 948 00:51:51,955 --> 00:51:54,625 Why, why is this not a bad idea? 949 00:51:54,625 --> 00:51:55,314 This is important. 950 00:51:55,524 --> 00:51:56,814 Why is it not a bad idea? 951 00:51:57,895 --> 00:51:59,634 Multiple reasons, but specifically why? 952 00:52:03,484 --> 00:52:05,225 Number one, it preserves equity. 953 00:52:05,495 --> 00:52:07,265 It has a lower stock at risk. 954 00:52:08,345 --> 00:52:13,234 It allows you to trade with more leverage defined by your risk parameters. 955 00:52:13,234 --> 00:52:13,444 Okay. 956 00:52:13,444 --> 00:52:17,975 We're only going to, we're going to assume a risk of one and a half percent. 957 00:52:18,515 --> 00:52:18,845 Okay. 958 00:52:19,955 --> 00:52:21,634 But here's the, here's the thought process. 959 00:52:22,115 --> 00:52:25,384 If this market trades down below the mean threshold, say it does that say it 960 00:52:25,384 --> 00:52:27,725 trades down here and it goes to 1 29, 20. 961 00:52:28,654 --> 00:52:32,794 Is it likely to stop at 1 29 and go back up and make you feel. 962 00:52:35,339 --> 00:52:36,450 It can always do that. 963 00:52:36,450 --> 00:52:39,509 But I'm saying in terms of probability, if this market trades 964 00:52:39,509 --> 00:52:42,870 down through there and hits 1 29 20, think about what we got over here. 965 00:52:43,680 --> 00:52:47,819 Is it going to go down the 1 29, 20, stop there and go back up 190 pips. 966 00:52:49,350 --> 00:52:52,470 No, it's going to do what if it goes down the 1 29 20, it's going to likely 967 00:52:52,470 --> 00:52:53,609 going to do what with these lows, 968 00:52:56,730 --> 00:52:57,810 it's going to blow through them. 969 00:52:58,770 --> 00:53:00,000 So my question is this. 970 00:53:00,240 --> 00:53:04,529 If we see a tray idea that's framed and we can see the mean threshold 971 00:53:04,529 --> 00:53:08,040 where institutional support should be found, the algos should not deliver 972 00:53:08,040 --> 00:53:11,490 price much, much lower than 1 29 34. 973 00:53:11,730 --> 00:53:16,740 They can touch it because there's going to be a deviation from what the interbank 974 00:53:16,740 --> 00:53:18,720 data feeds are with the price engines. 975 00:53:18,720 --> 00:53:23,279 When they deliver price, that interbank pricing is going to be slightly different 976 00:53:23,910 --> 00:53:25,410 than what we see in our platforms. 977 00:53:25,439 --> 00:53:28,560 And they, and you have to allow that if you're going to be nuts 978 00:53:28,560 --> 00:53:31,169 about it, it has to be this, or have to be that you're going to. 979 00:53:32,370 --> 00:53:33,270 We're going to lose your mind. 980 00:53:33,360 --> 00:53:35,339 You're going to force things that can't happen for you in terms of 981 00:53:35,940 --> 00:53:42,540 consistency, but you can trade in this gray area where we can see where the 982 00:53:42,540 --> 00:53:44,040 probabilities are stacked in our favor. 983 00:53:44,759 --> 00:53:49,589 We can define our risk and have our stock higher than what would be 984 00:53:49,620 --> 00:53:51,089 otherwise placed with other traders. 985 00:53:51,660 --> 00:53:54,600 By having a smaller stock, relative to where the old low 986 00:53:54,600 --> 00:53:57,299 is, we can use more leverage. 987 00:53:57,720 --> 00:54:00,210 Now it doesn't mean we're incurring a larger risk. 988 00:54:00,900 --> 00:54:04,350 We're just making it stop frame around a smaller stop loss. 989 00:54:04,680 --> 00:54:05,990 Do you understand that before I go further? 990 00:54:06,000 --> 00:54:07,560 Do you have, does anyone not understand what I just said? 991 00:54:13,480 --> 00:54:13,750 Okay. 992 00:54:15,339 --> 00:54:22,330 So now if we are going to be a buyer at 1 29 50, I want to 993 00:54:22,330 --> 00:54:25,420 limit our stops at 1 29 20. 994 00:54:25,810 --> 00:54:29,700 What is our total pips? 995 00:54:34,910 --> 00:54:35,300 Okay. 996 00:54:35,720 --> 00:54:37,070 Now I'm, here's the question for you. 997 00:54:38,330 --> 00:54:41,960 If we have framed the trade with we're trying to make one and a 998 00:54:41,960 --> 00:54:46,400 half percent for the week to see this, we see this as a buy 1 29 50. 999 00:54:46,400 --> 00:54:50,720 Now I'm using 1 29, 50 as the worst possible high end 1000 00:54:50,720 --> 00:54:52,640 entry notice I'm doing that. 1001 00:54:52,640 --> 00:54:56,180 I'm not giving us the low end rate below the low buying all limit. 1002 00:54:56,690 --> 00:54:59,030 That's what you really would be doing, but I'm just giving you an example 1003 00:54:59,030 --> 00:55:02,750 of using the highest potential area to be trading on a limit basis. 1004 00:55:03,110 --> 00:55:07,250 Buying at 1 29 50 price would be down here and you'd be losing money. 1005 00:55:07,250 --> 00:55:11,630 Initially, you do you understand that initially you'd be underwater 1006 00:55:15,280 --> 00:55:22,870 to the tune of about 15 pips now, knowing what you know now that might 1007 00:55:22,870 --> 00:55:25,540 not be that big of a deal, but before learning what I'm teaching you, 1008 00:55:25,540 --> 00:55:26,590 you'd probably be squirming, right? 1009 00:55:28,875 --> 00:55:30,225 Oh, man, please don't hit my stop. 1010 00:55:30,465 --> 00:55:31,185 Oh man. 1011 00:55:31,365 --> 00:55:32,595 Please don't go down there. 1012 00:55:33,135 --> 00:55:34,185 All of a sudden you're a Christian. 1013 00:55:34,215 --> 00:55:35,055 You're praying to God. 1014 00:55:35,565 --> 00:55:37,845 Please let 1 29 35 stay intact. 1015 00:55:38,745 --> 00:55:39,315 You bring it up. 1016 00:55:39,345 --> 00:55:42,945 You're breaking up the holy Mary Cross and doing hail Marys and everything else. 1017 00:55:43,215 --> 00:55:46,365 Bottom line is you're not thinking about the trade. 1018 00:55:46,905 --> 00:55:47,955 You're hoping and praying. 1019 00:55:48,345 --> 00:55:48,465 Now. 1020 00:55:48,465 --> 00:55:51,135 I'm not saying praying in good praying is good, but in the scope 1021 00:55:51,135 --> 00:55:55,065 of trade psychology, you need to focus on what's in the charts. 1022 00:55:55,425 --> 00:55:55,815 Okay. 1023 00:55:56,235 --> 00:56:01,605 So if we see 1 29, 50, as it limited by we defined our risk of wines. 1024 00:56:01,635 --> 00:56:04,785 1 29, 20, we have 30 pips exposure. 1025 00:56:05,745 --> 00:56:09,495 So if we have a thousand dollar account, okay. 1026 00:56:09,645 --> 00:56:13,095 If we have a thousand dollar account and we want to risk one 1027 00:56:13,095 --> 00:56:15,645 and a half percent, that's $15. 1028 00:56:15,645 --> 00:56:16,635 Is everyone agree on that? 1029 00:56:21,115 --> 00:56:21,505 Okay. 1030 00:56:23,370 --> 00:56:25,230 How many pips do we need? 1031 00:56:25,529 --> 00:56:30,089 If we do a gearing of one-to-one, if we're gonna, if we're going to 1032 00:56:30,089 --> 00:56:34,500 trade with one and a half percent risk with the expectation of making 1033 00:56:34,500 --> 00:56:38,399 one a half percent risk reward, how many pips are we looking to make 1034 00:56:44,290 --> 00:56:45,160 30 for 30? 1035 00:56:45,160 --> 00:56:45,520 Right. 1036 00:56:47,250 --> 00:56:48,930 So what we need is 1037 00:56:59,700 --> 00:57:00,689 from our entry. 1038 00:57:14,410 --> 00:57:17,880 Zoom in and it'll become clear as I get tighter on this is give me a second. 1039 00:57:17,880 --> 00:57:19,050 Let me flush this out a little bit. 1040 00:57:19,770 --> 00:57:23,790 If we're buying at 1 29 50, or stock down here for 30 pips from this 1041 00:57:23,790 --> 00:57:28,770 price point here up to 29, 80 that's one-to-one gearing now, whereas we 1042 00:57:28,770 --> 00:57:31,590 risked one for one to be made as reward. 1043 00:57:32,520 --> 00:57:36,780 So if we buy down here, even though we had about 15 pips draw down, okay. 1044 00:57:36,990 --> 00:57:41,280 When, if we can see a price movement up to 1 29, 80 that's one to one. 1045 00:57:50,200 --> 00:57:52,240 Um, Maria is asking a question to me. 1046 00:57:52,240 --> 00:57:53,110 I mean, hang on folks. 1047 00:57:53,110 --> 00:57:53,920 Don't say nothing real quick. 1048 00:57:54,460 --> 00:57:59,530 Uh, but how can we have a $15 risk if we are risking 30 pips? 1049 00:58:00,070 --> 00:58:00,880 Well, what's half. 1050 00:58:01,150 --> 00:58:04,810 If you have $15 and you divide it by 30, what do you end up? 1051 00:58:06,500 --> 00:58:09,380 In dollar terms, how much money would that be? 1052 00:58:11,570 --> 00:58:12,170 50 cents. 1053 00:58:12,170 --> 00:58:12,470 Right? 1054 00:58:17,080 --> 00:58:17,320 Okay. 1055 00:58:17,320 --> 00:58:23,050 So every PIP you'd be leveraging half of one micro lot, 1056 00:58:28,410 --> 00:58:31,830 see a standard lot would be like, would be 10, $10 per PIP. 1057 00:58:32,490 --> 00:58:33,240 That's a standard lot. 1058 00:58:33,250 --> 00:58:35,100 A micro lot would be $1 per PIP. 1059 00:58:35,460 --> 00:58:38,430 You're gonna be trading half of not. 1060 00:58:38,490 --> 00:58:39,820 I'm saying, I shouldn't say micro it's. 1061 00:58:39,820 --> 00:58:42,030 It's a mini lot, many law, not my grandma. 1062 00:58:42,060 --> 00:58:42,750 I'm not used to trading. 1063 00:58:42,750 --> 00:58:43,140 I'm sorry. 1064 00:58:43,140 --> 00:58:43,710 I apologize. 1065 00:58:44,130 --> 00:58:46,020 You have a standard lot, which is $10 per pit. 1066 00:58:46,230 --> 00:58:48,930 Then you have a mini lot, which is $1 per pit. 1067 00:58:49,290 --> 00:58:50,250 Then you have a micro lot. 1068 00:58:50,250 --> 00:58:53,760 So you'd be trading five micro lots or half of one mini 1069 00:58:57,230 --> 00:58:59,330 hope I didn't confuse you there, but it's basically your 1070 00:58:59,330 --> 00:59:00,680 leverage is going to be 50 cents. 1071 00:59:03,875 --> 00:59:06,065 Did I miss anybody up, everybody following along? 1072 00:59:06,125 --> 00:59:09,214 Only say, if you don't, if I messed you up or confused, you say so. 1073 00:59:13,625 --> 00:59:13,865 Okay. 1074 00:59:13,865 --> 00:59:14,194 Good. 1075 00:59:14,705 --> 00:59:15,035 All right. 1076 00:59:15,095 --> 00:59:15,395 All right. 1077 00:59:15,665 --> 00:59:16,025 Okay. 1078 00:59:16,444 --> 00:59:20,765 If we're trying to buy at 1 29 50, I want to limit, okay. 1079 00:59:21,545 --> 00:59:25,415 If we're trying to buy at 1 29 50, you would go into your trading 1080 00:59:25,415 --> 00:59:27,545 account and do something like this. 1081 00:59:28,835 --> 00:59:36,305 Um, if you were watching price trade down there live at 1 29 50, you would do this. 1082 00:59:43,924 --> 00:59:44,375 There you go. 1083 00:59:44,915 --> 00:59:46,055 That's what you would be buying. 1084 00:59:52,565 --> 00:59:53,255 Do you see that 1085 00:59:58,194 --> 00:59:59,035 you can't see the chart? 1086 01:00:01,255 --> 01:00:03,235 Tim's Tim saying he can't see the chart. 1087 01:00:04,615 --> 01:00:04,975 All right. 1088 01:00:05,005 --> 01:00:08,395 Um, does anybody else not see the chart? 1089 01:00:21,605 --> 01:00:27,455 Okay, so this would be one standard lot. 1090 01:00:29,215 --> 01:00:33,705 This would be five mini lots. 1091 01:00:36,685 --> 01:00:37,645 And you would change 1092 01:00:42,035 --> 01:00:44,285 the leveraging and gearing for this. 1093 01:00:44,285 --> 01:00:45,575 This would be 50 cents. 1094 01:00:51,775 --> 01:00:52,135 Can you say. 1095 01:00:59,200 --> 01:01:01,420 Yeah, Tim, if you can't see it, brother, I don't know what's going on. 1096 01:01:01,450 --> 01:01:02,380 It'll be in the recording. 1097 01:01:02,380 --> 01:01:08,110 I'm not sure why your, your connections try to close a webinar, come back 1098 01:01:08,110 --> 01:01:09,220 to it and see if that works for you. 1099 01:01:09,220 --> 01:01:10,750 I'll still be here when, when you come back. 1100 01:01:12,640 --> 01:01:13,000 Yeah, there you go. 1101 01:01:13,000 --> 01:01:13,360 Thanks. 1102 01:01:14,020 --> 01:01:15,759 So this would be 50 cents per PIP. 1103 01:01:16,630 --> 01:01:17,080 Okay. 1104 01:01:17,830 --> 01:01:18,700 Do you understand that, Maria? 1105 01:01:24,750 --> 01:01:29,370 Okay, so you'd be trading with that much gearing or leverage behind the trade. 1106 01:01:30,330 --> 01:01:33,450 So every time it moves higher in your favor, you're going to make 50 cents. 1107 01:01:34,049 --> 01:01:38,190 If it moves 30 pips, that's $15 profit. 1108 01:01:38,759 --> 01:01:45,180 If it moves 30 pips below your entry at 1 29 50 and hit your stop, you, you incur 1109 01:01:45,180 --> 01:01:47,130 a loss of one and a half percent or 15. 1110 01:01:54,705 --> 01:01:55,155 Okay. 1111 01:01:55,995 --> 01:02:01,395 So now our first objective for one-to-one reward, the risk would be 1 29 80. 1112 01:02:02,325 --> 01:02:02,745 Okay. 1113 01:02:03,645 --> 01:02:04,605 If we see 1114 01:02:07,615 --> 01:02:12,295 two to one that puts us right up above this old high, you see that it may 1115 01:02:12,295 --> 01:02:14,485 be a little difficult to see because of the coloring, but right here is 1116 01:02:14,485 --> 01:02:15,805 where I'm, I'm highly in that high. 1117 01:02:16,795 --> 01:02:17,335 See that. 1118 01:02:21,985 --> 01:02:24,625 So if we're buying down here, what did I teach you? 1119 01:02:25,795 --> 01:02:32,785 In regards to low liquidity, low, low liquidity, low resistance. 1120 01:02:32,785 --> 01:02:33,475 Liquidity runs. 1121 01:02:33,475 --> 01:02:33,985 Good grief. 1122 01:02:37,395 --> 01:02:38,445 What if we're buying? 1123 01:02:38,445 --> 01:02:39,375 What are we aiming for? 1124 01:02:46,250 --> 01:02:50,210 If we're buying, we're aiming for a previous high, why 1125 01:02:50,210 --> 01:02:51,259 what's above those highs? 1126 01:02:51,290 --> 01:02:55,069 Why is it high probability to see a buy run out a previous high 1127 01:02:55,069 --> 01:02:58,520 what's above those highs by stops. 1128 01:02:58,850 --> 01:03:02,990 That's going to be willing participants to take what off of your hands, some 1129 01:03:02,990 --> 01:03:07,160 of your lungs, it makes perfect sense for you to be able to be a buyer. 1130 01:03:07,430 --> 01:03:09,799 And you're going to find counterparties in the chart right 1131 01:03:09,799 --> 01:03:10,910 before you even get up there. 1132 01:03:10,910 --> 01:03:13,100 You're going to know they're going to be willing participants to buy it from you. 1133 01:03:14,120 --> 01:03:16,910 So we are hunting liquidity above this old high. 1134 01:03:17,299 --> 01:03:17,540 Okay. 1135 01:03:17,540 --> 01:03:21,529 So we have an objective for two to one here. 1136 01:03:22,640 --> 01:03:25,189 Now we're about to take it, make a big step forward. 1137 01:03:25,189 --> 01:03:25,549 Okay. 1138 01:03:27,290 --> 01:03:28,910 We're or I I'm sorry. 1139 01:03:28,910 --> 01:03:34,490 The ideas we're buying at 1 29 50 with a stop at 1 29 20, our risk 1140 01:03:34,490 --> 01:03:37,490 is one and a half percent to get one and a half percent profit. 1141 01:03:37,580 --> 01:03:38,899 It goes to 1 29 80. 1142 01:03:39,259 --> 01:03:40,460 We can move to a break. 1143 01:03:40,460 --> 01:03:43,160 Even we don't have any, we don't have any risk at that. 1144 01:03:44,530 --> 01:03:45,400 Why would that be? 1145 01:03:45,490 --> 01:03:50,860 Why would that be good to trail your stop loss up to 1 29 50? 1146 01:03:51,400 --> 01:03:56,280 Once you get above your first threshold of profit, once it trades above 1 29 1147 01:03:56,280 --> 01:04:01,450 80, what would you, what would you be thinking you don't want to see it come 1148 01:04:01,450 --> 01:04:02,890 down and give you a full stop, right? 1149 01:04:08,380 --> 01:04:09,580 No, I'm not saying take prof. 1150 01:04:09,670 --> 01:04:11,230 I'm not saying take the first profit yet. 1151 01:04:11,980 --> 01:04:12,850 We're not doing anything like that. 1152 01:04:12,850 --> 01:04:18,070 I'm saying if we went long at 1 29 50, and we go above, once it trades 1153 01:04:18,070 --> 01:04:23,350 through the first objective of 1 29 80, then we can start talking about moving 1154 01:04:23,350 --> 01:04:26,890 their stop-loss up because if it gets to 1 29 80, what is it showing us? 1155 01:04:29,550 --> 01:04:31,200 It's showing us a willingness that it wants to go higher. 1156 01:04:31,200 --> 01:04:31,530 Right? 1157 01:04:34,260 --> 01:04:38,340 So if it's going higher, If it's going up to 1 29, 80, where's the 1158 01:04:38,340 --> 01:04:42,090 liquidity at referenced at that price point here that gets the 1 29 80. 1159 01:04:42,330 --> 01:04:44,790 Whereas the liquidity yet we've already came down and took 1160 01:04:44,790 --> 01:04:46,110 these stocks out below the low. 1161 01:04:46,290 --> 01:04:51,550 So if it trades at 1 29 80, it's going to seek what deal the liquidity 1162 01:04:51,550 --> 01:04:52,900 above this old high back here. 1163 01:04:53,980 --> 01:04:54,370 Okay. 1164 01:04:54,910 --> 01:04:58,930 So we cannot trail our stop loss off at any capacity until we get 1165 01:04:58,930 --> 01:05:02,710 our first price objective met and it has to trade through it. 1166 01:05:02,710 --> 01:05:03,640 You can't just touch it. 1167 01:05:03,940 --> 01:05:06,340 It's got to go through it because it gives us willingness. 1168 01:05:06,790 --> 01:05:08,440 It shows us willingness and it wants to go higher. 1169 01:05:08,650 --> 01:05:12,280 If it goes to that level, it's probably very high probability that it's going to 1170 01:05:12,280 --> 01:05:13,510 reach for the liquidity above that high. 1171 01:05:16,240 --> 01:05:18,280 Does it do it here on this candle? 1172 01:05:24,400 --> 01:05:28,000 Look again, Ron, does this candle trade through the 1 29 80. 1173 01:05:32,730 --> 01:05:34,530 So now at this moment here, what can we do? 1174 01:05:34,550 --> 01:05:37,140 Our stop loss is right now, it's at 1 29 20. 1175 01:05:37,140 --> 01:05:38,130 What can we do it to stop? 1176 01:05:45,360 --> 01:05:46,590 You can move it to breakeven. 1177 01:05:46,620 --> 01:05:47,160 Yes. 1178 01:05:48,240 --> 01:05:50,400 You can take something off and pay yourself. 1179 01:05:52,050 --> 01:05:57,870 Or you can just move it up to the main threshold or you can go just above the 1180 01:05:57,870 --> 01:06:02,040 mean threshold rate below the bodies of these candles, not the wicks. 1181 01:06:02,670 --> 01:06:05,970 So I'm going to ask you as a, uh, as a poll, what would all of 1182 01:06:05,970 --> 01:06:08,700 you do given the situation which you see in the charts right now? 1183 01:06:08,700 --> 01:06:10,770 Where would you move your stop at it's? 1184 01:06:10,770 --> 01:06:13,590 Everybody would be starting at 1 29, 20, but where would all of you 1185 01:06:13,890 --> 01:06:15,900 reasonably move your stop or would you. 1186 01:06:31,445 --> 01:06:33,035 A lot of folks say mean threshold. 1187 01:06:33,185 --> 01:06:34,505 A lot of folks saying break even. 1188 01:06:36,425 --> 01:06:39,325 Okay, well, I'm gonna, I'm gonna, I'm gonna go with the majority. 1189 01:06:39,345 --> 01:06:40,535 Everyone's saying break breakeven. 1190 01:06:40,625 --> 01:06:41,075 Okay. 1191 01:06:41,165 --> 01:06:51,525 So we're gonna run our stock all the way up to 29 51, 29 50 price is running out. 1192 01:06:51,535 --> 01:06:53,475 It hits our first objective. 1193 01:06:56,105 --> 01:06:56,885 What do you see there? 1194 01:06:58,475 --> 01:06:59,225 You're watching price. 1195 01:06:59,235 --> 01:07:02,945 Now you jammed your stop all the way up to break, even what are you feeling? 1196 01:07:08,465 --> 01:07:11,945 So, yeah, all of a sudden you're like, oh, maybe I shouldn't have moved. 1197 01:07:11,945 --> 01:07:12,995 That stopped so quickly. 1198 01:07:14,375 --> 01:07:17,915 Do you remember what we talked about in the early portion of September, where 1199 01:07:17,915 --> 01:07:21,065 I talked about managing your positions, you want to focus more of your attention 1200 01:07:21,065 --> 01:07:23,075 and energy on where the market may reach. 1201 01:07:24,750 --> 01:07:25,170 Okay. 1202 01:07:25,860 --> 01:07:28,560 So at this price point, right in here, when, when we see this 1203 01:07:28,560 --> 01:07:30,240 down candle, admittedly, okay. 1204 01:07:30,300 --> 01:07:31,050 Honest, be honest. 1205 01:07:31,080 --> 01:07:32,880 I'm the only one that can see your responses here. 1206 01:07:33,150 --> 01:07:34,020 Nobody else can see it. 1207 01:07:35,160 --> 01:07:39,930 If you see that down candle like that, how many of you were thinking, let me move. 1208 01:07:39,960 --> 01:07:41,759 Let me make my stop lower again. 1209 01:07:45,930 --> 01:07:47,400 So now here's my question to you. 1210 01:07:48,900 --> 01:07:52,560 If you feel the willingness to want to move your stop down, 1211 01:07:53,460 --> 01:07:56,490 does that indicate that you were premature about moving it higher? 1212 01:08:02,360 --> 01:08:04,100 So where's your focus going to be? 1213 01:08:04,759 --> 01:08:05,270 Where's your gun. 1214 01:08:05,630 --> 01:08:09,530 If you have your stop jammed up to the break, even where's your focus going to 1215 01:08:09,530 --> 01:08:15,980 be most heavily placed, worrying about the losing or managing whether or not 1216 01:08:15,980 --> 01:08:17,090 it shows signs that it wants to go. 1217 01:08:22,795 --> 01:08:26,665 You're going to be monitoring the, the, the potential of the market, hitting 1218 01:08:26,665 --> 01:08:31,854 that stop versus studying the price action, saying, okay, is price going 1219 01:08:31,854 --> 01:08:33,925 to find support at this down candle? 1220 01:08:34,675 --> 01:08:37,165 Because this is the last day I'm counting before they see this up move here. 1221 01:08:37,345 --> 01:08:40,434 So there should be some institutional support at this down candle. 1222 01:08:41,125 --> 01:08:41,514 Right? 1223 01:08:45,365 --> 01:08:47,764 So if we see a little bit of retracement that's okay. 1224 01:08:47,764 --> 01:08:48,665 It's expected. 1225 01:08:49,085 --> 01:08:52,894 Allow institutional order flow allows price to retrace a little 1226 01:08:52,894 --> 01:08:57,184 bit for new buying smart money does not buy one up handles. 1227 01:08:57,184 --> 01:08:57,635 Correct. 1228 01:09:02,865 --> 01:09:04,604 Now here's a big note taking session. 1229 01:09:04,694 --> 01:09:05,175 Okay. 1230 01:09:05,865 --> 01:09:11,684 If you buy something, you need to see the market trade away from the order blocked. 1231 01:09:11,684 --> 01:09:13,814 It started to move, which is this down candle. 1232 01:09:14,205 --> 01:09:16,814 It's the or block number who buys when the market trades. 1233 01:09:19,330 --> 01:09:22,990 Who's doing their buying when the market trades lower smart money banks. 1234 01:09:23,319 --> 01:09:23,770 Okay. 1235 01:09:23,979 --> 01:09:26,470 They have to do that because they won't get efficient pricing 1236 01:09:26,770 --> 01:09:27,970 when the market's trading higher. 1237 01:09:29,750 --> 01:09:33,649 So if we see the market run through here, if you're going 1238 01:09:33,649 --> 01:09:35,510 to jam your stop off, okay. 1239 01:09:35,540 --> 01:09:38,840 It's still has to be below what point of that down candle. 1240 01:09:44,010 --> 01:09:49,020 I mean threshold because price can still come down and trade a little bit into that 1241 01:09:49,020 --> 01:09:51,029 candle and still be valid to go higher. 1242 01:09:52,649 --> 01:09:59,730 So my question now is for the stop from 1 29, 20 being managed higher, where would 1243 01:09:59,730 --> 01:10:01,380 you knowing what I'm telling you now? 1244 01:10:01,680 --> 01:10:06,150 Where would you be reasonably safe and still efficiently trading 1245 01:10:06,150 --> 01:10:08,160 this, but still lowering your risk 1246 01:10:14,310 --> 01:10:14,790 below here. 1247 01:10:17,235 --> 01:10:19,135 A lot of your sand below the bodies of these candles in here. 1248 01:10:19,135 --> 01:10:20,265 And is this what you're talking about? 1249 01:10:24,625 --> 01:10:25,705 A lot of people saying, yeah. 1250 01:10:25,915 --> 01:10:30,235 And a couple of people saying middle of the, the down candle here too, but what's, 1251 01:10:30,325 --> 01:10:33,175 what's below these equal bodies here. 1252 01:10:34,915 --> 01:10:36,445 The wicks only traded down there, right? 1253 01:10:37,525 --> 01:10:42,025 So the bulk of the volume is here and we shown a willingness to go higher. 1254 01:10:42,805 --> 01:10:48,235 And this is also above what the base of this swing starts down here. 1255 01:10:48,685 --> 01:10:49,705 This is the beginning point. 1256 01:10:50,335 --> 01:10:52,675 So that order block here is what is the parent. 1257 01:10:53,095 --> 01:10:57,835 This is what stems, all of the buying from this level here, 1 29, 34, the 1258 01:10:57,835 --> 01:11:02,455 middle of that down candle, everything above that price point needs to 1259 01:11:02,455 --> 01:11:04,735 be subordinate to this level here. 1260 01:11:04,735 --> 01:11:09,685 So this is like the basic pivot point when price moves away from 1261 01:11:09,685 --> 01:11:12,355 that, anytime it creates a down candle price needs to support. 1262 01:11:14,675 --> 01:11:16,865 We trade through this down candle to run the stops. 1263 01:11:16,895 --> 01:11:20,375 And then we show a willingness to be, uh, respecting the same level of 1264 01:11:20,405 --> 01:11:21,965 mean threshold of this down candle. 1265 01:11:22,355 --> 01:11:25,655 So we see willingness to buying here, but we now have this 1266 01:11:25,655 --> 01:11:27,305 new bullish, shorter block. 1267 01:11:27,875 --> 01:11:31,535 So what is this order block relative to this order block? 1268 01:11:33,415 --> 01:11:39,475 Is this or blocked subordinate or should it support this buying candle over here? 1269 01:11:40,075 --> 01:11:41,815 Or should we expect this candle to be given up? 1270 01:11:43,805 --> 01:11:44,615 It supports it? 1271 01:11:45,815 --> 01:11:48,575 So if it's going to support the bind that was established here, 1272 01:11:49,085 --> 01:11:53,045 the air arche is that this candle should not give up it's ground. 1273 01:11:55,115 --> 01:11:58,205 So in incest, in essence, it becomes a propulsion candle. 1274 01:11:58,475 --> 01:12:01,415 It needs to propel price away from its parent. 1275 01:12:01,925 --> 01:12:04,985 This establishes the order flow this down candle. 1276 01:12:05,135 --> 01:12:06,485 Why just price moves higher. 1277 01:12:07,085 --> 01:12:08,615 We have an impulse price swing here. 1278 01:12:09,155 --> 01:12:12,035 Price comes down, respects the initial order blocks. 1279 01:12:12,795 --> 01:12:13,335 The downtowns. 1280 01:12:13,335 --> 01:12:16,065 That means where all the buying originally started from when it 1281 01:12:16,065 --> 01:12:19,005 traded to it again, it showed willingness to support that idea. 1282 01:12:19,035 --> 01:12:19,305 Why? 1283 01:12:19,305 --> 01:12:23,475 Because price moved away quickly because it moves through that down candle. 1284 01:12:23,475 --> 01:12:25,455 This is now a propulsion candle. 1285 01:12:25,635 --> 01:12:28,845 This candle is not allowed to give up its mean threshold. 1286 01:12:28,845 --> 01:12:29,655 It can not do it. 1287 01:12:29,655 --> 01:12:30,255 If it does. 1288 01:12:30,465 --> 01:12:31,665 The trade is no good. 1289 01:12:33,045 --> 01:12:33,855 It's no good. 1290 01:12:34,785 --> 01:12:36,315 You cannot hold a trade any longer. 1291 01:12:36,405 --> 01:12:38,655 You don't need it to trade down here and get close to your thought. 1292 01:12:38,655 --> 01:12:40,575 And you just know once the middle of this candle is given up its 1293 01:12:40,575 --> 01:12:43,155 ghost, it's over Colossae trade. 1294 01:12:43,185 --> 01:12:44,235 Wait for the next opportunity. 1295 01:12:45,075 --> 01:12:48,045 If you don't listen to me and take that in your notes and use 1296 01:12:48,045 --> 01:12:51,555 it in your charts, you're going to lose money more than you need. 1297 01:12:55,095 --> 01:12:56,895 What do I mean by what does it mean by giving up? 1298 01:12:56,985 --> 01:13:00,795 You don't want to see this down candle violated with pricing going down. 1299 01:13:04,380 --> 01:13:07,349 In other words, once this down candle forms and it supports the previous 1300 01:13:07,349 --> 01:13:10,769 order block, you don't want this candle to give up the ground that 1301 01:13:10,769 --> 01:13:12,240 it's building the idea of support. 1302 01:13:12,269 --> 01:13:16,290 If price trades down through it died, idea is it's going to keep going lower. 1303 01:13:17,250 --> 01:13:17,969 Does that make sense? 1304 01:13:17,969 --> 01:13:18,240 Now 1305 01:13:26,679 --> 01:13:28,630 you don't want to see the middle of the body of the candle. 1306 01:13:29,349 --> 01:13:30,429 That's the main threshold. 1307 01:13:31,809 --> 01:13:35,799 Think about the name I gave it mean threshold means that's the ma if the 1308 01:13:35,799 --> 01:13:40,030 middle of the candle, and it's a threshold at which you do not want to see price 1309 01:13:40,030 --> 01:13:43,809 go down below when it's a bullshitter block and you don't want to see price 1310 01:13:43,809 --> 01:13:45,849 go above it when a bear shorter block. 1311 01:13:46,900 --> 01:13:52,075 So if this is a down candle, which is when we know smart money is okay, If trade, 1312 01:13:52,255 --> 01:13:56,455 if the price traits up through it, the down candle needs to be divided in half. 1313 01:13:56,995 --> 01:13:59,785 It's going to be supporting price from the middle point of that 1314 01:13:59,785 --> 01:14:01,315 down candle, up to its high. 1315 01:14:01,974 --> 01:14:03,775 And you want to see price be sensitive to that. 1316 01:14:03,775 --> 01:14:06,565 And you do not want to see a trade down below 1 29 50. 1317 01:14:06,865 --> 01:14:09,085 And in this case, you don't want to see your trade ever 1318 01:14:09,085 --> 01:14:10,764 trade down to a losing position. 1319 01:14:10,764 --> 01:14:14,455 Again, if it does probability shift to very, very unlikely. 1320 01:14:15,865 --> 01:14:21,325 So now, like what my question is, is if you know you're in at 1 29 50, and 1321 01:14:21,325 --> 01:14:26,065 your stock originated at 1 29 20, and you see this price action here, do you 1322 01:14:26,065 --> 01:14:27,894 want to jam your stop up the breakeven? 1323 01:14:33,115 --> 01:14:33,985 No, you don't. 1324 01:14:34,315 --> 01:14:35,215 You don't want to do that. 1325 01:14:35,545 --> 01:14:37,434 You do want to reduce the risk. 1326 01:14:38,125 --> 01:14:44,605 So you can go up to this price point here 1 29 34, because it's highly unlikely. 1327 01:14:44,605 --> 01:14:45,715 It's gonna get back down to that level. 1328 01:14:45,715 --> 01:14:47,005 And if it does, you don't want to be in the. 1329 01:14:50,995 --> 01:14:55,585 You want to have your stop loss in an area where it's economical and 1330 01:14:55,585 --> 01:14:59,275 just good business for you to be out of the trade at that point, not I'm 1331 01:14:59,275 --> 01:15:01,015 willing to take this as a maximum loss. 1332 01:15:01,015 --> 01:15:03,985 That's not how we, as professional traders use stop loss orders. 1333 01:15:04,525 --> 01:15:09,385 The stock is at a level where you want to be wrong, you know, you're 1334 01:15:09,385 --> 01:15:13,135 wrong on the trade idea and it has the least impact on equity. 1335 01:15:15,455 --> 01:15:16,235 Does that make sense? 1336 01:15:24,255 --> 01:15:28,755 Your stop will be at 1 29 34 or 1 29 35 rather. 1337 01:15:28,755 --> 01:15:29,145 I'm sorry. 1338 01:15:30,405 --> 01:15:32,595 And it's because it's the middle of this down candle right here. 1339 01:15:32,835 --> 01:15:33,435 That's where all the. 1340 01:15:39,110 --> 01:15:42,410 This is your institutional order flow stems from this down the channel here. 1341 01:15:42,710 --> 01:15:46,310 So your, your stock goes from 1 29, 20 to 1 29 35. 1342 01:15:46,430 --> 01:15:48,500 You've trimmed half of the risk off. 1343 01:15:49,190 --> 01:15:51,950 So now you're only trading 1.7, five of 1%. 1344 01:15:53,420 --> 01:15:54,770 Three-quarters of 1% risk. 1345 01:15:56,180 --> 01:15:59,060 The market has had created one little down candle here. 1346 01:15:59,300 --> 01:16:02,510 We want to watch, this is where you had been buying. 1347 01:16:02,510 --> 01:16:09,150 You want to be watching this now, as you watch the trade pan out, you want 1348 01:16:09,150 --> 01:16:13,560 to see sensitivity if it dips down and there you do not want to see it go 1349 01:16:13,560 --> 01:16:16,470 down below 1 29 50, because then you got to start worrying about whether 1350 01:16:16,470 --> 01:16:17,520 or not you want to keep that stop. 1351 01:16:19,050 --> 01:16:20,340 The next candle was it too. 1352 01:16:20,830 --> 01:16:22,500 Oh, what is this? 1353 01:16:25,680 --> 01:16:26,460 The low is what? 1354 01:16:26,640 --> 01:16:27,900 1 29 50. 1355 01:16:29,370 --> 01:16:30,510 Some of you might have gotten knocked out. 1356 01:16:33,110 --> 01:16:33,620 See that. 1357 01:16:41,210 --> 01:16:43,400 So we're watching this down candle. 1358 01:16:43,700 --> 01:16:46,310 We don't want to see it blues 1 29 50. 1359 01:16:46,970 --> 01:16:47,480 Okay. 1360 01:16:49,230 --> 01:16:50,700 What's this candle now support. 1361 01:16:50,790 --> 01:16:51,810 What is it showing us? 1362 01:16:55,940 --> 01:16:57,290 We had a down candle here. 1363 01:16:59,310 --> 01:17:00,990 What do we do now with this down candle, 1364 01:17:07,850 --> 01:17:11,870 we start monitoring whether or not this down candle supports price going 1365 01:17:11,870 --> 01:17:13,910 higher institutional order flow. 1366 01:17:14,510 --> 01:17:16,250 Your reference point now is this one. 1367 01:17:17,270 --> 01:17:18,530 It's now down candle. 1368 01:17:18,650 --> 01:17:22,040 So if we see higher pricing that we know that they bought down in this down candle, 1369 01:17:25,240 --> 01:17:26,110 how about this candle? 1370 01:17:26,140 --> 01:17:27,910 Does this support your idea of looking for hybrid? 1371 01:17:34,280 --> 01:17:34,970 How about that? 1372 01:17:41,850 --> 01:17:42,360 Okay. 1373 01:17:42,630 --> 01:17:46,650 So when you're watching trades pan out the way you're managing your 1374 01:17:46,650 --> 01:17:48,780 trade, you got to keep in context. 1375 01:17:48,780 --> 01:17:50,520 What you framed the trade around initially. 1376 01:17:50,580 --> 01:17:52,170 W what was the beginning basis point? 1377 01:17:52,800 --> 01:17:53,940 It's this down candle. 1378 01:17:54,240 --> 01:17:58,320 We had impulse price lag it retraces down, clear out some stops. 1379 01:17:58,980 --> 01:18:02,430 Our limit order was the worst possible entry for a long, which is 1 29 50. 1380 01:18:02,430 --> 01:18:03,330 It's the highest end. 1381 01:18:03,330 --> 01:18:05,550 It could have been a little bit lower to then below the lows over 1382 01:18:05,550 --> 01:18:09,750 here, a 1 29 45 could have been. 1383 01:18:11,430 --> 01:18:17,100 So using this idea when we're watching price, this is a, this is two to one 1384 01:18:17,100 --> 01:18:20,100 reward to risk buying at 1 29 50. 1385 01:18:21,000 --> 01:18:25,230 Getting out with a move above the old highs. 1386 01:18:35,690 --> 01:18:38,720 1 30, 40 there's three to one right there. 1387 01:18:40,470 --> 01:18:48,540 So if you risked one and a half percent buying at 1 29 50 and price goes up too, 1388 01:18:52,580 --> 01:18:54,590 1 30, 50, it's a hundred pips. 1389 01:18:55,940 --> 01:18:58,130 What, what did you actually make? 1390 01:19:02,860 --> 01:19:03,460 3, 2, 1. 1391 01:19:03,460 --> 01:19:05,380 So what's three times, one and a half percent. 1392 01:19:11,090 --> 01:19:14,960 That's four and a half percent on one trade, one trade. 1393 01:19:17,170 --> 01:19:18,550 You're not looking for a million trades. 1394 01:19:18,550 --> 01:19:21,430 You're looking just for one set up that you've managed and you watch 1395 01:19:21,430 --> 01:19:22,990 and you, you don't care about it. 1396 01:19:23,760 --> 01:19:25,710 Anything, except for that one trade. 1397 01:19:25,980 --> 01:19:26,940 Now think about this. 1398 01:19:27,420 --> 01:19:29,920 Remember when we were, I was asking you about this candle here and 1399 01:19:29,920 --> 01:19:30,990 we went trades through it here. 1400 01:19:31,050 --> 01:19:33,390 All the institutional focus is on what candle? 1401 01:19:33,930 --> 01:19:34,620 This one, right? 1402 01:19:39,850 --> 01:19:42,280 Remember I told you when we saw this candle here, trade down 1403 01:19:42,520 --> 01:19:43,420 and it trades off through it. 1404 01:19:43,540 --> 01:19:46,180 All of your attention goes onto this candle right here. 1405 01:19:49,020 --> 01:19:50,460 What just took place over here? 1406 01:19:55,000 --> 01:19:55,900 What are you seeing 1407 01:20:13,860 --> 01:20:17,850 to see that what's actually happening in here? 1408 01:20:21,100 --> 01:20:21,790 Exactly. 1409 01:20:21,790 --> 01:20:22,690 It's re accumulation. 1410 01:20:22,690 --> 01:20:24,850 They're recapitalizing, a bullish order block. 1411 01:20:28,750 --> 01:20:30,160 Do you think there was some buying in here? 1412 01:20:34,250 --> 01:20:36,080 So what are we, what am I highlighting here? 1413 01:20:36,080 --> 01:20:37,280 Look at the buyers of the candles. 1414 01:20:37,280 --> 01:20:40,970 See how the wicks dip down into that candle here. 1415 01:20:42,769 --> 01:20:45,410 You're dipping into that candle absorbing more. 1416 01:20:45,500 --> 01:20:45,860 What? 1417 01:20:46,160 --> 01:20:47,240 What's below this low. 1418 01:20:49,220 --> 01:20:51,620 I was asking you a question earlier when we first started this trade idea, 1419 01:20:51,620 --> 01:20:54,980 as an example, everybody's really quick to do what with their stop-loss 1420 01:20:58,740 --> 01:21:02,610 move it up, move it on up and jam on it. 1421 01:21:03,900 --> 01:21:04,830 You can't do that. 1422 01:21:05,590 --> 01:21:09,840 You ha you have to allow institutional order flow to indicate when it's 1423 01:21:09,840 --> 01:21:11,880 probable for you to move your stop up. 1424 01:21:13,920 --> 01:21:16,110 When we're looking at a bullish move, where is all your phones? 1425 01:21:23,965 --> 01:21:28,705 Down candles because the down candles are going to do what it's going to highlight. 1426 01:21:28,705 --> 01:21:28,975 What, 1427 01:21:33,145 --> 01:21:38,035 where are they institutional buying is it's not support resistance lines. 1428 01:21:38,275 --> 01:21:38,635 Okay. 1429 01:21:39,085 --> 01:21:41,485 You need to be focusing on the down candles when order flow 1430 01:21:41,485 --> 01:21:42,775 is suggested to go higher. 1431 01:21:42,925 --> 01:21:45,595 In other words, if the trend, if you want to say it like that, if the trend 1432 01:21:45,595 --> 01:21:48,685 is moving higher, if you think it's going to be higher, if you look at all 1433 01:21:48,685 --> 01:21:50,935 your price charts and this exactly what I want you to do, because you're going 1434 01:21:50,935 --> 01:21:53,845 to find out by the end of this week, how many opportunities there are for 1435 01:21:53,845 --> 01:21:56,305 you to easily do 6% every single month. 1436 01:21:56,845 --> 01:21:58,255 This is just one trade idea. 1437 01:21:58,645 --> 01:21:58,975 Okay. 1438 01:21:58,975 --> 01:22:03,175 And I believe me, I can, I'm going to use even less favorable conditions 1439 01:22:03,775 --> 01:22:05,875 and show you how it's very easy. 1440 01:22:05,875 --> 01:22:07,125 And in fact, we're going to do. 1441 01:22:08,160 --> 01:22:10,530 One and a half percent live this week, I'm going to do a trade 1442 01:22:10,530 --> 01:22:11,640 or an outline, the whole thing. 1443 01:22:11,730 --> 01:22:13,970 We're going to do it live in here and see, and we can see it and 1444 01:22:13,980 --> 01:22:17,340 want to do this every single week of the entire month of October. 1445 01:22:17,880 --> 01:22:21,750 And I'm going to show you framing it, how 6% is absolutely easy. 1446 01:22:22,110 --> 01:22:24,690 You're going to know why I'm doing it, where the stock is going to 1447 01:22:24,690 --> 01:22:26,280 be, where we move, all that stuff. 1448 01:22:26,280 --> 01:22:29,250 You're going to see all this stuff before it happens and explain it to you. 1449 01:22:29,430 --> 01:22:29,850 Okay? 1450 01:22:30,270 --> 01:22:33,060 But conceptually, everything I'm showing you here is everything that 1451 01:22:33,060 --> 01:22:35,130 we lead you into on the first month. 1452 01:22:38,300 --> 01:22:46,490 So if we have an expectation that we wanted to be a buyer down here relative 1453 01:22:46,490 --> 01:22:50,330 to the swing that was here to here, let me take all this business off now. 1454 01:22:53,800 --> 01:22:53,980 Okay. 1455 01:22:53,980 --> 01:22:56,770 Their impulse price swing was from this low up to this high. 1456 01:22:56,770 --> 01:22:57,670 Why is that important? 1457 01:22:57,850 --> 01:23:00,100 Because it broke market structure on the upside. 1458 01:23:00,670 --> 01:23:01,180 Are you ever here? 1459 01:23:01,870 --> 01:23:03,940 We reference old blows. 1460 01:23:04,690 --> 01:23:07,000 Was that not in your first month teaching? 1461 01:23:09,665 --> 01:23:13,565 Find your old lows, what's going to be a blow and old, low liquidity 1462 01:23:13,565 --> 01:23:21,005 pool that liquidity pool houses or contains what what's underneath an old 1463 01:23:21,015 --> 01:23:26,525 low sell stock or selling liquidity. 1464 01:23:29,965 --> 01:23:33,805 If the market goes down below an old low, and we think the market's going higher, 1465 01:23:34,525 --> 01:23:38,965 uh, institutionally our assumptions are immediately if a low is being 1466 01:23:38,965 --> 01:23:41,185 violated, what trading pattern is this? 1467 01:23:43,425 --> 01:23:44,685 Alan already knew where I was going to say before. 1468 01:23:44,685 --> 01:23:44,985 I said it. 1469 01:23:44,985 --> 01:23:47,655 See, I see that your anticipatory skills are already going on now. 1470 01:23:48,495 --> 01:23:48,975 Awesome. 1471 01:23:51,065 --> 01:23:55,505 So you're thinking that anything below this low, that's a buying opportunity. 1472 01:23:56,945 --> 01:23:58,595 Retail's not going to think this. 1473 01:23:59,045 --> 01:24:00,665 They're going to think this is support broken. 1474 01:24:00,695 --> 01:24:03,065 It's going lower because they're going to see this. 1475 01:24:03,915 --> 01:24:04,785 Tweezers. 1476 01:24:04,844 --> 01:24:07,755 Hi, I'm a false breakout. 1477 01:24:08,385 --> 01:24:09,045 A guarantee. 1478 01:24:09,045 --> 01:24:10,995 If I pull up some kind of indicator, it's gonna probably gonna give me 1479 01:24:10,995 --> 01:24:12,434 some kind of a bears diverges in here. 1480 01:24:12,465 --> 01:24:14,355 Let me just do it because I like doing that kind of stuff. 1481 01:24:15,135 --> 01:24:16,844 I like beating up on what I used to believe in. 1482 01:24:17,835 --> 01:24:19,335 I used to believe this crap I'm telling you. 1483 01:24:19,335 --> 01:24:19,905 It's crazy. 1484 01:24:25,465 --> 01:24:25,705 All right. 1485 01:24:25,705 --> 01:24:29,665 So here's your higher, high, higher high, and look at these indicators right here. 1486 01:24:29,965 --> 01:24:32,575 This is absolutely a cell. 1487 01:24:33,865 --> 01:24:35,245 Look at that right here. 1488 01:24:35,245 --> 01:24:35,755 Look at that. 1489 01:24:36,684 --> 01:24:40,315 Is that not a classic textbook bear cell? 1490 01:24:42,525 --> 01:24:43,485 I'm all over that. 1491 01:24:44,085 --> 01:24:47,014 That's that's obviously one of those bears wombat patterns 1492 01:24:47,025 --> 01:24:48,764 is a harmonic bears wombat. 1493 01:24:49,125 --> 01:24:49,485 Okay. 1494 01:24:49,485 --> 01:24:52,065 And what you want to do is you want to sell short here and use 1495 01:24:52,065 --> 01:24:56,175 your, uh, you know, I don't know where your stop would be, but the 1496 01:24:56,175 --> 01:24:57,585 wombats are really high probability. 1497 01:24:57,585 --> 01:24:59,925 So you can just get short there and just wait for a thousand pips 1498 01:24:59,925 --> 01:25:00,675 and everything will be great. 1499 01:25:01,425 --> 01:25:02,715 But the problem is that that's not what happen. 1500 01:25:03,795 --> 01:25:07,155 Okay, the problem is that that does not occur like that indicators are just going 1501 01:25:07,155 --> 01:25:13,905 to put you on the wrong side at the most inopportune time they want, they want you 1502 01:25:13,905 --> 01:25:18,945 to think when the price has gone below in a low that that's a break in support. 1503 01:25:18,945 --> 01:25:23,395 So therefore it's going to be a, any indication you're 1504 01:25:23,395 --> 01:25:24,445 going to see lower pricing. 1505 01:25:25,105 --> 01:25:28,345 And it's not, it's only going down to take out the selling side of the marketplace. 1506 01:25:32,895 --> 01:25:33,255 Okay. 1507 01:25:33,255 --> 01:25:38,955 So when you understand institutional order flow, you're looking for 1508 01:25:38,985 --> 01:25:41,535 obviously indications that they want to take the price higher. 1509 01:25:42,015 --> 01:25:44,745 How do we know that it has to take out a previous high? 1510 01:25:45,765 --> 01:25:46,185 Okay. 1511 01:25:46,635 --> 01:25:49,485 And if you can frame something down here on an institutional basis that 1512 01:25:49,485 --> 01:25:51,975 supports price going higher, you wait. 1513 01:25:53,265 --> 01:25:55,575 You're not waiting for some neon sign. 1514 01:25:55,605 --> 01:25:55,965 Okay. 1515 01:25:55,965 --> 01:25:59,205 Or some voice from the heavens to speak to you and say, Hey, look, it's time to buy. 1516 01:25:59,445 --> 01:26:01,965 You're waiting for price to break through a previous swing high. 1517 01:26:02,235 --> 01:26:04,425 When it does that, we have an impulse price lag. 1518 01:26:05,085 --> 01:26:06,885 You wait for price to go below equilibrium. 1519 01:26:07,275 --> 01:26:10,545 And if you can couple it with an old low that's a loaded deal. 1520 01:26:11,685 --> 01:26:13,605 You know, they're going to take price down here, take the liquidity out. 1521 01:26:13,665 --> 01:26:15,885 And then you watch price go higher. 1522 01:26:15,885 --> 01:26:19,755 And you, every time it creates a new down candle, you monitor how much 1523 01:26:19,755 --> 01:26:21,405 sensitivity there is in that candle. 1524 01:26:21,765 --> 01:26:22,305 Look at this. 1525 01:26:23,445 --> 01:26:24,075 It's obvious. 1526 01:26:24,075 --> 01:26:24,435 Isn't it. 1527 01:26:26,885 --> 01:26:30,575 Now for those that just started, that didn't get a chance to watch all the 1528 01:26:30,575 --> 01:26:34,145 videos on a day-to-day basis where we were talking about moves before the fact go 1529 01:26:34,145 --> 01:26:35,525 into specific levels and all that stuff. 1530 01:26:35,755 --> 01:26:38,675 This has got to feel like, oh, this is the same old hindsight crap. 1531 01:26:39,305 --> 01:26:41,045 There's hindsight in this teaching. 1532 01:26:41,045 --> 01:26:42,695 It has to be otherwise, you're never going to learn what I'm 1533 01:26:42,695 --> 01:26:45,395 talking about, but it's consistent. 1534 01:26:45,485 --> 01:26:47,315 It happens every single trading day. 1535 01:26:47,825 --> 01:26:49,775 But if you don't see these things, conceptually. 1536 01:26:51,135 --> 01:26:54,885 You're not going to understand why I'll explain it to you in just a few examples. 1537 01:26:54,885 --> 01:26:56,265 I'm going to show you over the course of this month. 1538 01:26:57,015 --> 01:26:59,445 It needs to be seen in your chart studying it. 1539 01:26:59,805 --> 01:27:00,225 Okay. 1540 01:27:00,705 --> 01:27:05,535 So four and a half percent payout just on one trade. 1541 01:27:05,805 --> 01:27:09,825 So if you have an objective that you're trying to make one and a half 1542 01:27:09,825 --> 01:27:15,525 percent return, all you needed to do is see 1 29 80 to pay that, which was 1543 01:27:15,525 --> 01:27:17,055 down here from your buying down here. 1544 01:27:17,955 --> 01:27:19,335 That right there is your one and a half percent. 1545 01:27:20,265 --> 01:27:22,125 It did that in two hours, three hours. 1546 01:27:22,125 --> 01:27:23,415 If you want to count the down, move here. 1547 01:27:24,135 --> 01:27:27,555 So inside of two and a half, three hours, you've made your one 1548 01:27:27,555 --> 01:27:28,515 and a half percent for the week. 1549 01:27:28,605 --> 01:27:30,015 And look, how much movement was there? 1550 01:27:30,405 --> 01:27:31,095 Was that a lot? 1551 01:27:36,765 --> 01:27:40,485 How much, how much time were you in the marketplace to make that 100% 1552 01:27:44,205 --> 01:27:45,075 not long at all? 1553 01:27:45,885 --> 01:27:46,965 Not long at all. 1554 01:27:49,900 --> 01:27:57,730 If we understand, excuse me, if we understand that this is a 1555 01:27:57,730 --> 01:28:00,220 phenomenon that repeats itself over and over and over again. 1556 01:28:00,490 --> 01:28:00,910 Okay. 1557 01:28:03,480 --> 01:28:08,070 If we wait for opportunities, market makes a highs. 1558 01:28:08,340 --> 01:28:08,760 Okay. 1559 01:28:09,269 --> 01:28:11,160 What happens to your market trades down? 1560 01:28:11,430 --> 01:28:16,410 It blows through an old, low, well, what does that mean? 1561 01:28:17,460 --> 01:28:19,650 Institutional workload is now shifted to the downside 1562 01:28:22,900 --> 01:28:24,190 so we can now do what? 1563 01:28:25,599 --> 01:28:28,599 Wait, we hurry up and wait, 1564 01:28:32,890 --> 01:28:35,380 we have a high down to this low. 1565 01:28:35,380 --> 01:28:36,580 Why am I picking this load? 1566 01:28:36,580 --> 01:28:38,470 Because this is the one that starts seeing the price movement. 1567 01:28:39,330 --> 01:28:43,830 All these, all these lows in here are all used in the time that they form, 1568 01:28:44,070 --> 01:28:45,629 but it never gets above equilibrium. 1569 01:28:45,809 --> 01:28:46,860 And I'll show you what I mean by that. 1570 01:28:47,429 --> 01:28:51,480 As price makes each one of these new lows from this price swing down after it breaks 1571 01:28:51,480 --> 01:28:53,969 these lows over here, price expands lower. 1572 01:28:54,330 --> 01:28:57,419 Does equilibrium get traded to from this low here? 1573 01:28:57,450 --> 01:28:58,679 No, it just keeps going lower. 1574 01:28:58,710 --> 01:29:02,339 So you keep moving your fed to the next level. 1575 01:29:02,940 --> 01:29:04,440 Does it get up to equilibrium here? 1576 01:29:04,559 --> 01:29:05,370 Not on that low. 1577 01:29:05,400 --> 01:29:06,150 It goes lower. 1578 01:29:07,650 --> 01:29:08,549 How about this low here? 1579 01:29:09,599 --> 01:29:11,070 It goes up through equilibrium. 1580 01:29:11,099 --> 01:29:12,540 It goes right up to what, what is this? 1581 01:29:14,950 --> 01:29:15,460 What is that? 1582 01:29:20,330 --> 01:29:21,980 Is that a discount or a premium? 1583 01:29:27,599 --> 01:29:28,440 It's at a premium. 1584 01:29:29,879 --> 01:29:31,650 We sell at premiums. 1585 01:29:32,009 --> 01:29:35,040 We want to sell it at a high price with the expectation of 1586 01:29:35,040 --> 01:29:36,570 a buying it back at a discount. 1587 01:29:36,570 --> 01:29:37,530 And we captured a difference in. 1588 01:29:38,550 --> 01:29:42,240 So, if we are looking at this retracement here, okay. 1589 01:29:42,810 --> 01:29:47,700 Price trades up to here, what would we, you say we expect to see in 1590 01:29:47,700 --> 01:29:49,560 terms of where your stock would be. 1591 01:29:49,560 --> 01:29:51,540 If you wanted to be a seller up here, we're just going to say you sold 1592 01:29:51,540 --> 01:29:53,010 it right in at 62% basement level. 1593 01:29:53,880 --> 01:29:55,710 That's the bottom of this up candle in here. 1594 01:29:56,610 --> 01:29:59,580 It's inside the bulk of this wick on this top candle here. 1595 01:29:59,760 --> 01:30:02,400 There's a lot of selling indications in that area right there. 1596 01:30:03,269 --> 01:30:05,850 So you can look to be a seller and have a stop. 1597 01:30:06,030 --> 01:30:09,300 What above here, where your stock would be oppose of, uh, of over here. 1598 01:30:13,010 --> 01:30:14,330 Some of you took the bait on that. 1599 01:30:19,010 --> 01:30:20,390 Your stop-loss would be above here. 1600 01:30:20,390 --> 01:30:20,690 Right? 1601 01:30:20,750 --> 01:30:25,000 As I was just saying, if you wanted to sell down here, your stops up here. 1602 01:30:27,990 --> 01:30:29,640 What's this candle over here, this up one. 1603 01:30:29,880 --> 01:30:32,010 This last up candle, right before the move down. 1604 01:30:32,250 --> 01:30:32,680 What is this? 1605 01:30:32,680 --> 01:30:33,600 Stop candle in the cake. 1606 01:30:38,460 --> 01:30:41,310 It's a bearish order block who sells in up moves, 1607 01:30:45,250 --> 01:30:47,080 banks, institutions, smart money. 1608 01:30:47,560 --> 01:30:51,820 So rate the rate above the middle of this candle is where your stock would be. 1609 01:30:58,910 --> 01:31:00,500 Well, this around until near five levels. 1610 01:31:02,180 --> 01:31:02,360 Okay. 1611 01:31:02,360 --> 01:31:06,290 So 1 30, 45 above the means threshold of this stop candle. 1612 01:31:06,920 --> 01:31:10,070 Plus you had to Defence above any rum on these equal highs. 1613 01:31:10,610 --> 01:31:12,350 So if you get short here, I don't know what that price is. 1614 01:31:12,350 --> 01:31:17,960 This thing's in my way, say sold short at a 1 30, 15, or 1615 01:31:17,960 --> 01:31:20,180 1 30, 10 once every 10 nights. 1616 01:31:20,180 --> 01:31:21,290 And I run a nice round number. 1617 01:31:21,920 --> 01:31:22,130 Okay. 1618 01:31:22,130 --> 01:31:27,050 It may have had about a 10 tips draw down as it ran into through that level. 1619 01:31:27,980 --> 01:31:28,400 Okay. 1620 01:31:30,440 --> 01:31:33,440 So you have to have a staff of 1 30, 45. 1621 01:31:34,275 --> 01:31:36,375 Selling it 1 30 10. 1622 01:31:37,665 --> 01:31:40,425 So how much has your, how much is your stuff in terms of tips? 1623 01:31:44,705 --> 01:31:45,635 35 pips. 1624 01:31:46,025 --> 01:31:48,035 Wait a minute, Michael, wait a minute. 1625 01:31:48,035 --> 01:31:49,865 You said 30 pips is the average stock. 1626 01:31:49,895 --> 01:31:50,315 Yeah, it is. 1627 01:31:50,315 --> 01:31:51,425 That's the average is X. 1628 01:31:51,665 --> 01:31:54,995 You want to, you want to have trades that give you about a 30 PIP stock. 1629 01:31:55,025 --> 01:31:57,425 If you're trading on an intraday basis and you're trading the daily 1630 01:31:57,425 --> 01:32:03,545 range, 30 pips is about right, but we're trading swing trades. 1631 01:32:03,695 --> 01:32:05,165 These are intraday swing trades. 1632 01:32:05,825 --> 01:32:07,715 So you're going to have to frame it on what the institutional 1633 01:32:07,715 --> 01:32:08,675 or flow is giving you. 1634 01:32:09,215 --> 01:32:12,715 So if you're locking your limit to only taking trades with 30 pips, 1635 01:32:12,715 --> 01:32:13,955 you're gonna miss some opportunities. 1636 01:32:14,315 --> 01:32:14,705 Okay. 1637 01:32:15,035 --> 01:32:17,405 So in here we have a 35 pips stop. 1638 01:32:18,695 --> 01:32:19,985 So if we have 35 picks. 1639 01:32:32,765 --> 01:32:37,745 There's your 35 PIP stop from that point on lower. 1640 01:32:39,675 --> 01:32:41,115 There's your one-to-one right there. 1641 01:32:41,325 --> 01:32:43,575 If it gets down to this price point here, you've already made. 1642 01:32:43,575 --> 01:32:50,265 One-to-one now forget that don't count the money institutional in order 1643 01:32:50,265 --> 01:32:52,245 flow wise, if we're selling here. 1644 01:32:53,144 --> 01:32:53,505 Okay. 1645 01:32:53,505 --> 01:32:58,575 And it's at a premium, where are you looking for price to go and wine at 1646 01:32:58,575 --> 01:33:01,965 this price point here, obviously it's in your charts, but I'm saying specifically 1647 01:33:01,965 --> 01:33:05,865 conceptually where's institutional order flow, going to seek liquidity at next. 1648 01:33:09,135 --> 01:33:09,675 Awesome. 1649 01:33:09,765 --> 01:33:10,215 Awesome. 1650 01:33:10,575 --> 01:33:12,285 Below this low right 1651 01:33:16,275 --> 01:33:16,605 now. 1652 01:33:16,635 --> 01:33:18,975 Think what else is on this chart? 1653 01:33:20,565 --> 01:33:21,705 Keep going over to the left. 1654 01:33:21,705 --> 01:33:22,305 What do you see? 1655 01:33:24,345 --> 01:33:25,155 Ben already saw it. 1656 01:33:25,875 --> 01:33:26,715 What's down here. 1657 01:33:26,745 --> 01:33:34,125 What's below these equal lows candy land, all kinds of cell stops below there. 1658 01:33:34,545 --> 01:33:39,345 So at the market wants to be sold at a premium where's the most logical area 1659 01:33:39,345 --> 01:33:44,925 where they're going to have the biggest injection of willing participants to 1660 01:33:44,925 --> 01:33:47,055 sell to because they have to buy it back. 1661 01:33:47,055 --> 01:33:49,575 If you're short to get out of your short position, you'd have to do what 1662 01:33:53,535 --> 01:33:54,405 you got to buy it back. 1663 01:33:55,275 --> 01:33:58,725 So you have to have participants to be willing to do what sell it to you. 1664 01:34:01,555 --> 01:34:06,985 So the institutional perspective is the bank is the bank is the supply house. 1665 01:34:07,225 --> 01:34:09,385 They are always on the sell side of the marketplace. 1666 01:34:09,835 --> 01:34:13,285 So they have to engineer and you sell me if this is not true, you're going to see 1667 01:34:13,285 --> 01:34:15,625 more double bottoms form in price action. 1668 01:34:15,625 --> 01:34:16,045 Then there are. 1669 01:34:17,815 --> 01:34:22,675 And the reason why is because they have to engineer liquidity in the form of 1670 01:34:22,795 --> 01:34:29,985 putting suggestions into price action, that this is a support level because the 1671 01:34:30,045 --> 01:34:35,085 normal capacity of delivery of price is that the central bank is the supplier. 1672 01:34:35,295 --> 01:34:37,755 They provide the sell side of the marketplace all the time. 1673 01:34:37,755 --> 01:34:38,805 They're the liquidity provider. 1674 01:34:39,495 --> 01:34:44,025 So they have to engineer willing participants on the fund level to 1675 01:34:44,025 --> 01:34:46,935 be counterparties at the sell side. 1676 01:34:47,265 --> 01:34:50,355 That way, when they, when they're going short, they have to have folks 1677 01:34:50,355 --> 01:34:53,595 believing that there's a reason to put a sell stock below there. 1678 01:34:53,595 --> 01:34:56,745 And then when price reaches for that level, those orders become what sell 1679 01:34:56,745 --> 01:35:00,315 orders at the market, which is where the market order, Martin, sorry, 1680 01:35:00,315 --> 01:35:04,575 market makers pair up their orders on shorts to cover or buy back from 1681 01:35:04,965 --> 01:35:06,555 those willing participants to sell it. 1682 01:35:07,935 --> 01:35:08,895 Do you understand it now? 1683 01:35:10,005 --> 01:35:13,035 So if we understand that this is where we're selling and 1684 01:35:13,035 --> 01:35:14,415 we've, we've outlined our stock. 1685 01:35:15,600 --> 01:35:18,540 If we're aiming using institutional or flow 1686 01:35:28,830 --> 01:35:36,150 1, 1, 2, 3, 3, 2, 1 a run on these stops right here, right on that 1687 01:35:36,150 --> 01:35:39,030 candle at 1 29 0 5, whatever it is. 1688 01:35:39,450 --> 01:35:39,810 Okay. 1689 01:35:39,990 --> 01:35:41,010 There's your three to one. 1690 01:35:45,160 --> 01:35:48,280 So if you're risking one and a half percent selling here, but a 1691 01:35:48,290 --> 01:35:52,330 stop here, all we did was reverse the idea we used over here. 1692 01:35:52,540 --> 01:35:53,290 Just want to sell. 1693 01:35:57,140 --> 01:35:58,850 This is where you would reach for liquidity. 1694 01:35:58,850 --> 01:36:02,210 The market should expand down, not to just any old level. 1695 01:36:02,840 --> 01:36:03,320 Okay. 1696 01:36:04,730 --> 01:36:06,290 Not to fly in swirl pattern. 1697 01:36:07,010 --> 01:36:09,380 It's going to go where the liquidity is right below these lows. 1698 01:36:13,710 --> 01:36:14,370 Look at the expenses. 1699 01:36:18,525 --> 01:36:19,065 See that. 1700 01:36:19,635 --> 01:36:25,455 So in the span of one week, well, of course it will be equivalent to 1701 01:36:25,455 --> 01:36:31,185 one week or really just three days, three days trading that's 9% return. 1702 01:36:34,805 --> 01:36:35,225 Right? 1703 01:36:40,855 --> 01:36:48,295 So my question is this, if you have low objectives, which is 1704 01:36:48,295 --> 01:36:52,825 what we're talking about over here, 6% per month, start there. 1705 01:36:53,695 --> 01:36:55,105 You have to have a target. 1706 01:36:55,825 --> 01:36:59,065 If this is not a good target to start with, I would tell you, 1707 01:36:59,605 --> 01:37:01,015 but it is, it's a good target. 1708 01:37:01,915 --> 01:37:04,525 Everybody does what with their training, y'all risk 2% 1709 01:37:05,395 --> 01:37:06,655 sometimes trade more than that. 1710 01:37:07,645 --> 01:37:10,525 But if you can't make a trade that pays that same amount of risk, 1711 01:37:11,425 --> 01:37:12,385 why are you putting the trades? 1712 01:37:14,355 --> 01:37:18,705 So if we can frame a trade that pays us one and a half percent, and 1713 01:37:18,705 --> 01:37:22,605 obviously we've seen very little is necessary to make that, see the 1714 01:37:22,605 --> 01:37:28,514 folks that tell you don't have these targets, don't have a weekly objective. 1715 01:37:28,965 --> 01:37:30,705 Cause you don't know what the market's going to give you. 1716 01:37:31,065 --> 01:37:33,135 That is a load of crap. 1717 01:37:33,735 --> 01:37:37,095 That's coming from somebody that does know has no idea what they're talking about. 1718 01:37:37,394 --> 01:37:38,925 They have no idea how to be consistent. 1719 01:37:38,925 --> 01:37:39,915 They aren't making money. 1720 01:37:40,065 --> 01:37:40,455 Okay. 1721 01:37:40,724 --> 01:37:44,144 They're only talking to you from a myopic stance that they have 1722 01:37:44,144 --> 01:37:45,255 not been able to do it themselves. 1723 01:37:45,345 --> 01:37:48,525 So therefore everybody else has to be forced in that same equation. 1724 01:37:48,825 --> 01:37:50,385 You can't do it either because I can't. 1725 01:37:50,505 --> 01:37:54,675 I'm telling you, you can, you absolutely can do this. 1726 01:37:54,974 --> 01:37:57,165 And now look, did I switch pairs? 1727 01:37:57,554 --> 01:37:58,724 Did I go to a different pair? 1728 01:38:00,945 --> 01:38:02,205 We stayed in one currency pair. 1729 01:38:02,205 --> 01:38:02,474 Right? 1730 01:38:05,215 --> 01:38:06,505 Did I change timeframe? 1731 01:38:12,014 --> 01:38:15,674 You do not need 50 frigging payers. 1732 01:38:16,275 --> 01:38:17,295 You don't need five. 1733 01:38:17,745 --> 01:38:18,795 You don't need 20. 1734 01:38:18,945 --> 01:38:19,365 Okay. 1735 01:38:19,545 --> 01:38:20,415 You just need one. 1736 01:38:21,344 --> 01:38:25,785 If you understand what price is telling you relative to premium 1737 01:38:25,785 --> 01:38:28,125 or discount, where are we at? 1738 01:38:28,125 --> 01:38:29,295 Institutional order flow? 1739 01:38:29,325 --> 01:38:33,315 Are we above an old high or below an old, low where's price 1740 01:38:33,465 --> 01:38:34,695 suggesting it's going to go. 1741 01:38:35,445 --> 01:38:36,465 Where's it supporting. 1742 01:38:36,855 --> 01:38:40,455 If, if, if prices moving higher, every down candle should be supported. 1743 01:38:41,775 --> 01:38:42,915 Now, watch what happens. 1744 01:38:43,875 --> 01:38:48,014 We have this down candle here, price lands through that, and it hit our objective. 1745 01:38:48,554 --> 01:38:52,184 We still have to consider this because it has not been traded to again until here. 1746 01:38:53,085 --> 01:38:54,585 Then we see the price expand. 1747 01:38:55,455 --> 01:38:56,684 Now may have to watch this down. 1748 01:38:56,684 --> 01:38:58,005 Candle price stays above it. 1749 01:38:58,785 --> 01:39:00,075 We create a down candle here. 1750 01:39:00,075 --> 01:39:02,264 Price goes through it to have to watch this candle here. 1751 01:39:02,535 --> 01:39:03,525 Look what happens, right? 1752 01:39:05,519 --> 01:39:09,840 What just took place on this candle right here, relative to this one. 1753 01:39:12,820 --> 01:39:18,490 It consumed its body after an expansive pricing action here. 1754 01:39:19,000 --> 01:39:20,830 This, this, this quick run-up. 1755 01:39:21,880 --> 01:39:25,210 When we see this down candle, give up the ghost or go lower right here. 1756 01:39:26,410 --> 01:39:29,260 Right here on this candle here, this body's consumed. 1757 01:39:30,490 --> 01:39:33,760 So what can we reasonably expect this market action right here to be? 1758 01:39:34,870 --> 01:39:36,340 What was this price action in here? 1759 01:39:36,340 --> 01:39:37,179 What was going on in there? 1760 01:39:38,880 --> 01:39:40,620 It cleared out all these equal highs. 1761 01:39:44,540 --> 01:39:44,929 Okay. 1762 01:39:45,349 --> 01:39:47,090 And price does what it trades softer. 1763 01:39:48,139 --> 01:39:52,010 In fact, if you go back here and look at it, that's the level that we 1764 01:39:52,010 --> 01:39:54,500 already noted before we talked about this before, and I haven't ever even 1765 01:39:54,500 --> 01:39:57,290 went there before it even went there. 1766 01:39:57,290 --> 01:39:58,250 We talked about that level. 1767 01:39:59,540 --> 01:40:03,290 So here it is here, panning out in the chart and it gives you evidence. 1768 01:40:04,155 --> 01:40:07,545 To support the idea that institutional flow is now shifting the down 1769 01:40:07,545 --> 01:40:08,775 candle should be supporting price. 1770 01:40:08,795 --> 01:40:09,735 It's not happening here. 1771 01:40:10,125 --> 01:40:12,165 And then I watched this, this down candle here. 1772 01:40:12,434 --> 01:40:15,375 We rate for this up move what's occurring over here. 1773 01:40:16,275 --> 01:40:17,415 It eats rate through that. 1774 01:40:17,835 --> 01:40:18,795 So now what do we have? 1775 01:40:19,365 --> 01:40:23,144 Institutional order flow is shifted to what side of the 1776 01:40:23,144 --> 01:40:25,035 marketplace is it still bullish? 1777 01:40:27,565 --> 01:40:28,224 It's bearish. 1778 01:40:28,674 --> 01:40:32,335 So now all you do is you wait, you start drawing your feet from 1779 01:40:32,335 --> 01:40:35,184 your high, down your low and wait for it to go above equilibrium. 1780 01:40:35,184 --> 01:40:39,505 If it does, then you start hunting optimal trade entries, coupled with 1781 01:40:39,535 --> 01:40:41,695 turtle soup cells or bare shoulder blocks. 1782 01:40:41,964 --> 01:40:43,045 It's that simple. 1783 01:40:43,705 --> 01:40:46,615 And you're gonna see this pan out every single day, the rest of this week, we're 1784 01:40:46,615 --> 01:40:51,054 going to talk about examples in hindsight, and I'm going to share with one before 1785 01:40:51,054 --> 01:40:54,115 I even do anything with it, I'm going to outline everything and why I'm doing it. 1786 01:40:54,655 --> 01:40:55,764 And you're going to see it unfold. 1787 01:40:56,065 --> 01:40:56,245 Okay. 1788 01:40:57,405 --> 01:41:02,925 But I want you to understand that it's not hard to do this 6% over here. 1789 01:41:02,925 --> 01:41:04,125 It's not hard to do that at all. 1790 01:41:06,345 --> 01:41:11,355 And if you do this, if you start with the 6% model, it's easy to expand on that. 1791 01:41:12,165 --> 01:41:13,245 See, that's my point. 1792 01:41:13,245 --> 01:41:17,295 If you sold here with your risk defined here, you only need profits 1793 01:41:17,295 --> 01:41:18,465 to get down to this level here. 1794 01:41:19,005 --> 01:41:19,545 That's it. 1795 01:41:19,935 --> 01:41:20,985 In one hour, you've already made. 1796 01:41:54,860 --> 01:41:55,370 Sorry about that. 1797 01:41:55,370 --> 01:41:57,410 I had to put a dad hat on here for a minute. 1798 01:42:01,900 --> 01:42:05,890 So if you're selling short here and you're trying to make that six one 1799 01:42:05,890 --> 01:42:08,320 and a half percent for the week, as soon as you get down to this 1800 01:42:08,320 --> 01:42:09,880 level here, you've already hit it. 1801 01:42:10,570 --> 01:42:11,769 You've already hit that. 1802 01:42:15,030 --> 01:42:15,240 So. 1803 01:42:16,835 --> 01:42:21,275 Um, the notes for September will be delivered at 9:00 PM. 1804 01:42:21,305 --> 01:42:22,565 Check the check, the thread. 1805 01:42:22,565 --> 01:42:24,875 I already had to update that last night and told her by, through the thread. 1806 01:42:30,835 --> 01:42:33,955 So even if you weren't aiming for these lows over here, just 1807 01:42:33,955 --> 01:42:37,615 this old, low running out, those stops below that low right there. 1808 01:42:38,155 --> 01:42:39,085 That's enough as well. 1809 01:42:39,085 --> 01:42:40,105 That's more than two to one. 1810 01:42:41,845 --> 01:42:47,125 So again, if you're making one and a half percent risk model, and you're 1811 01:42:47,125 --> 01:42:51,385 trying to make one to one gearing, you make 100% on this move here. 1812 01:42:51,745 --> 01:42:54,775 And if it gets two to one, you're making 3% right there. 1813 01:42:54,775 --> 01:42:55,795 Now check this out. 1814 01:42:56,875 --> 01:43:00,475 Say it never ever, ever gets down to your three to one. 1815 01:43:00,805 --> 01:43:06,085 And it gives you just two to one and you live in two to one payouts. 1816 01:43:07,165 --> 01:43:09,505 You're making over 12% a month. 1817 01:43:13,035 --> 01:43:13,305 Correct? 1818 01:43:19,395 --> 01:43:20,595 You guys fall asleep on me. 1819 01:43:23,475 --> 01:43:26,835 If you have a thousand dollar account and you make your bread 1820 01:43:26,835 --> 01:43:28,455 and butter setups, two to one, 1821 01:43:35,095 --> 01:43:39,295 your $1,000 becomes $3,895 in the course of one year 1822 01:43:42,655 --> 01:43:45,445 in 12 months, your thousand dollars over here. 1823 01:43:45,475 --> 01:43:46,525 If you're making 12%. 1824 01:43:46,525 --> 01:43:48,415 In other words, you're getting 3% per week. 1825 01:43:49,975 --> 01:43:50,335 Okay. 1826 01:43:50,785 --> 01:43:53,065 Your account grows to $3,895. 1827 01:43:59,205 --> 01:44:02,865 That's over 300% return, almost 400% return. 1828 01:44:07,935 --> 01:44:11,805 So now if you can get this model to three to one, 1829 01:44:18,260 --> 01:44:20,570 You're making 18% plus a week. 1830 01:44:22,160 --> 01:44:23,480 I'm sorry, I'm going on a week. 1831 01:44:23,480 --> 01:44:23,960 Listen to me. 1832 01:44:25,730 --> 01:44:31,309 So if you have a thousand dollars and you only live in 3, 2, 1 setups, 1833 01:44:35,530 --> 01:44:40,960 your $1,000 account becomes $7,287 a year in one year. 1834 01:44:41,950 --> 01:44:42,969 And if you live there 1835 01:44:47,400 --> 01:44:50,490 in two years, at the end of the two years, not taking any account for 1836 01:44:50,490 --> 01:44:54,059 taxation, you end up with $53,000. 1837 01:44:56,590 --> 01:44:57,519 So what do you think about that? 1838 01:45:13,995 --> 01:45:16,724 So here's your homework for the, uh, the rest of today. 1839 01:45:16,755 --> 01:45:19,875 And as we go through this week, I want you to go through the 1840 01:45:19,875 --> 01:45:24,434 charts and using what we've only shown so far for the first month. 1841 01:45:24,915 --> 01:45:25,394 Okay. 1842 01:45:26,085 --> 01:45:30,255 Only using that information and what I've outlined in terms of managing trades 1843 01:45:30,255 --> 01:45:31,485 and looking at institutional order flow. 1844 01:45:31,485 --> 01:45:34,634 As the market moves higher, you want to look at the down candle supporting price. 1845 01:45:35,535 --> 01:45:39,255 When you look at price like this, okay, I want you to go through your charts 1846 01:45:39,344 --> 01:45:43,094 and realistically go through just one currency pair, whatever currency 1847 01:45:43,094 --> 01:45:46,424 pair you picked for the beginning of this mentorship, you want to 1848 01:45:46,424 --> 01:45:48,554 understand that one pair intimately. 1849 01:45:49,304 --> 01:45:52,184 And if you go into the price action, like more, we're showing you. 1850 01:45:53,145 --> 01:45:57,855 It will give you a plethora of examples every single week. 1851 01:45:58,095 --> 01:46:00,135 There's an opportunity for you to do this. 1852 01:46:00,975 --> 01:46:05,175 And I want you to just reasonably aim for three to one, okay. 1853 01:46:05,295 --> 01:46:10,755 Look for three to one conditions and you see how often they pan out looking 1854 01:46:10,755 --> 01:46:14,565 for them in hindsight builds your understanding of what they look like. 1855 01:46:14,745 --> 01:46:18,015 So that way, when you start seeing them in real time, you'll know when I'm talking 1856 01:46:18,015 --> 01:46:22,335 about a specific setup, you'll be in agreement with why I believe it's there. 1857 01:46:23,295 --> 01:46:27,825 The last thing I want is for me to talk about how, if you hear me say, this is 1858 01:46:27,825 --> 01:46:32,595 a low resistance liquidity run, I want you to know 100% that that's a trade. 1859 01:46:32,595 --> 01:46:35,805 I have money in, and I'm not going to tell you anything beyond what I just said. 1860 01:46:35,805 --> 01:46:38,025 There, it's not an invitation. 1861 01:46:38,235 --> 01:46:41,505 It's not come on, jump on my back and let's do the same thing. 1862 01:46:41,925 --> 01:46:44,655 It's, I'm indicating that I'm in a trade. 1863 01:46:45,315 --> 01:46:49,125 So if I'm telling you I'm in a trade, that means I view this as the 1864 01:46:49,125 --> 01:46:51,095 highest probable setup for right. 1865 01:46:52,140 --> 01:46:57,030 With the least amount of risk and therefore you'll know what to look at 1866 01:46:57,810 --> 01:47:00,750 and why I believe that because you've seen enough of it in your own study. 1867 01:47:01,980 --> 01:47:02,850 Does that make sense? 1868 01:47:09,330 --> 01:47:09,690 Okay. 1869 01:47:10,170 --> 01:47:12,060 I'm going to close this session for today. 1870 01:47:12,060 --> 01:47:14,490 We've been at, uh, well, two hours now. 1871 01:47:14,880 --> 01:47:15,960 That's not what I want to do. 1872 01:47:15,960 --> 01:47:16,740 I want a daily basis. 1873 01:47:16,740 --> 01:47:18,270 I want to make a little bit more streamlined, but this is 1874 01:47:18,270 --> 01:47:19,440 the beginning of the new month. 1875 01:47:19,440 --> 01:47:23,220 So I'm going to give you some content to work with, get your gears going 1876 01:47:23,850 --> 01:47:25,320 and show you how much consistency. 1877 01:47:25,320 --> 01:47:28,590 The things that we've already showed just in the first month still are applicable. 1878 01:47:28,590 --> 01:47:30,540 And we're going to build on this every single month. 1879 01:47:30,810 --> 01:47:32,010 There's gonna be something added to it. 1880 01:47:32,070 --> 01:47:32,550 Okay. 1881 01:47:33,450 --> 01:47:36,570 But I'm going to end up talking my voice away and I won't be able to speak 1882 01:47:36,570 --> 01:47:37,830 to you tomorrow if I don't watch out. 1883 01:47:37,830 --> 01:47:39,750 So, um, I'm going to close this one. 1884 01:47:40,020 --> 01:47:41,580 I'm going to wish you a very pleasant afternoon. 1885 01:47:41,610 --> 01:47:43,920 Good luck and good trading and study. 1886 01:47:43,950 --> 01:47:44,940 Go into your charts. 1887 01:47:45,390 --> 01:47:48,870 Don't be fearful about these little objectives over here in terms of profits. 1888 01:47:49,695 --> 01:47:52,545 And don't listen to people that say don't make targets because targets are easy. 1889 01:47:53,054 --> 01:47:55,155 If you don't have a target, why are you trading every 1890 01:47:55,155 --> 01:47:56,355 trader out there has to target? 1891 01:47:56,925 --> 01:47:59,205 You have to, or otherwise you don't know what you're aiming for. 1892 01:48:00,315 --> 01:48:03,045 So at that have yourself a very, very pleasant afternoon. 1893 01:48:03,165 --> 01:48:05,025 I will get back with you all this evening. 1894 01:48:05,144 --> 01:48:09,224 Uh, I'll send you a recap and I'll post this video right now. 1895 01:48:09,255 --> 01:48:10,155 It's 10 o'clock in the morning. 1896 01:48:10,155 --> 01:48:10,755 New York time. 1897 01:48:11,025 --> 01:48:12,855 Give me til 11 o'clock. 1898 01:48:12,855 --> 01:48:14,144 Cause I still have to feed my little ones. 1899 01:48:14,144 --> 01:48:15,255 It's the Jewish holidays. 1900 01:48:15,285 --> 01:48:16,184 They says they're closed. 1901 01:48:16,245 --> 01:48:17,684 They're closed with school. 1902 01:48:17,684 --> 01:48:20,865 So I have to feed these little munchkins and then I'll, I'll get 1903 01:48:20,865 --> 01:48:22,545 back to with you and upload the video. 1904 01:48:23,415 --> 01:48:26,085 So if you missed it or came in late, you'll see it all in about an hour. 1905 01:48:26,085 --> 01:48:26,355 Okay. 1906 01:48:26,835 --> 01:48:27,465 Have a good afternoon. 158841

Can't find what you're looking for?
Get subtitles in any language from opensubtitles.com, and translate them here.