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This candle here.
It's opening is 1 30, 180 7.
That's what's being highlighted here.
IPTA will drop down below that price.
Now it's going to be slightly different because everyone's
going to have a little bit,
is that better?
Can you see a little bit better now on the dollar?
If I, if I go, I going one more.
Don't give you much to look at.
That's just not enough to look at.
Uh, you can see it now, what level it is.
It's 96, 55, but I'm going to back out because I needed to, I need to
see the expansion or the lack thereof.
So when we're studying into the opening price at midnight, which is
four GMT on this platform or Forex LTD, the, the level you want to
be watching is that opening price.
So if you're bullish, what is power three in the, that, below that
opening price, they should be buying.
So when price drops down here like this in London,
what's going to happen.
When price goes down below that in London, timeframe
buying price goes up a little bit, comes back down.
What time of day is this
with time of day?
Is this right?
New York.
So it's waited for news.
It's weighted for the dollar.
It starts spreading its wings higher going to run higher.
So we're back below that opening price.
Again, was there buying occurring below that opening price set at midnight?
That's what I'm answering right now.
Cliff cliff asking how do we, how do we know if we're going to be bullish?
I'm giving you those definitions.
Now.
That's why I'm explaining to you.
We didn't look for a cell this morning.
We're looking primarily to be a buyer
based on the fact that the dollar wants to go higher.
Right?
I mean, we, we identify that 96, 55 level on the daily timeframe, correct?
Okay.
So if we're going to see the dollar daily chart potentially
go up into 96, 55, there's a little bit of room still to go up.
Dollar cat has not shown a willingness to take out its London low.
It respected the bullish or block, even though it went down below
the mean threshold it's focusing primarily on this opening price here.
So when we're watching the opening price set at midnight, New York time,
we're basically waiting to see, is there a willingness to get down below that
opening price during specifically London?
That's how you trade London setups when we're trading New York setups.
And if price comes back down below the opening price again, and
we're in a range-bound profile.
Excellent.
Let me see.
Let me see if I can pull up.
Hang on one second.
Right now I pause the presentation.
I don't know what it looks like.
Does it still show the charts?
Just not moving?
Okay.
I'm going to pull up a profile and I want you to see.
See if I can find it here.
All right.
Let's see if this shows up.
Yeah.
There's a picture of me and my underwear.
I apologize.
I grabbed the wrong photo.
All right.
The, uh, what we're looking at here is this is the potential market profile
that we're we're trading under.
Okay.
We have the opening price.
The market is going sideways, back and forth, up and down,
up and down, up and down.
And now between New York and London close now, what does that.
New York session begins between seven o'clock in the morning, New York time.
And the signal generally forms between eight o'clock in the
morning and eight 30 in the morning.
So have that in your notes.
Okay.
So if we see the market consolidating like this and indications are
that there's probably going to be bullishness on the dollar.
So if we're going to be seeing bullishness on the dollar, there's
going to be a draw on higher prices for dollar based currencies that
start with their name with the dollar.
That means dollar swissy dollar Yan dollar cat.
Now, why are we looking at dollar cab today?
Because it had building permits coming at eight 30 and we had high impact
news with unemployment numbers with the dollar itself at eight 30 as well.
So we've had consolidation up into this point and we're still seeing
dollar was spread its wings go higher.
Okay.
Reach for that.
96 55 96, 60 level relative to those equal highs on the daily chart.
Remember that's like a big magnet sitting up there.
So what we were expecting to see is we want to see the
range expand after New York.
So that's why this profile is drawn out like this.
And my thinking is, is this is what we're probably going to see unfold.
Now, if New York session goes through this whole process of going slow,
what would make it a London closed?
10 o'clock news release.
Exactly.
Very good.
If you have news at 10 o'clock, that's generally what you'll
see the market expand then.
So when I gave you these profiles in the free stuff, okay.
The, the idea is don't just look at and say, well, that's neat.
You know, I, it doesn't mean anything to me.
No, you have to study it and you have to take every single trading day that you
see in charts, logged them and define them in terms of the profiles that I gave you.
And you'll see how, how very repeating, uh, the nature of how
they repeat themselves and how easy they are really to, to classify
and see the warning signs ahead.
If the dollars bullish your, your dollar pairs are going to look like this.
Okay.
If, if we've already blew out an initial high, like we did this morning,
so they're going to wait and see, is there any more significance go
higher and then you'll see this late New York or late London close rally.
Does that make sense?
I know it seems it's if I know for some of you that are new, this seems
so vague and it seems so fragmented.
It you're asking, I need to know a step-by-step.
Believe it or not, you are learning a step-by-step, but I have to
give you the pieces individually.
So that way, when I give you the entire plan of you do this, this, and this,
you understand what you're going to be doing because each, each process okay.
Needs to be understood intimately.
Otherwise you're not going to be successful with it.
And that's my goal.
I want you to be very, very profitable.
Okay.
Uh, the last month of the mentorship, you actually get my, uh, PDF files
that tells you exactly what to do from beginning to end step by step.
When the weight where you stop and pause what it's like a flow chart, and you get
it for swing trading, you get it for mega trades, you get it for scalping and you
get it for one shot, one kill setups, but it's not going to do you any good without
having an understanding of seeing these things over the course of several months,
outlining it in defining what it means.
Okay.
So again, I could literally put it on the internet right now and it won't
do you any good because there's terms that won't be understood, there's
going to be specific reference points and it's not going to help you because
you're like, well, what is this?
It's, it's not, you got to learn some things still
believe me.
If there was a way for me to do it in less than 12 months, I will do it.
It's a lot of time invested.
All right.
You should be seeing the charts again.
Thank you.
Appreciate that.
So, uh, IFTA, what is, if though
it's the interbank price delivery algorithm?
Do you need me to spell that for you?
Send it out in the, uh,
okay.
Is the interbank price delivery, algo rhythm.
You see it?
I should have sent it to everyone and you should be seeing it as a response.
That's what separates the people that say they know what they're talking
about and they work at the bank and then the people that know what I knew.
That your understanding of that gives you the ability to do what you see me
doing on a daily basis by calling the market and knowing why it should go there.
It's still like this then
it's my, it's my Maryland slang in, uh, my, what do you call it?
Accent.
It's my Maryland accent.
It sounds like that
sometimes I don't speak English as well as I should.
That's why I like you folks over there in the UK.
If I could speak like you I'd love it.
I just can't get myself to do it.
If the is interbank
price delivery algo.
Okay.
You see that?
Can you see it on the chart?
There you go.
So that's, that's what I'm teaching you to understand what it does.
Okay.
Now there's a lot of holes that I've not been able to bridge and there's
no secret sauce later on in the meat, in this mentorship there, I'm going
to admittedly tell you where the pockets are still for me, but when
I learned what this is here, okay.
And what it does on a daily day basis, once I understood what it
was doing and how it efficiently allows the banking orders to come in.
When we see price delivered by way of this algorithm.
Now it's not an algorithm like it's, it's, it's like a fad name.
You know, everybody says, well, I work at a prop shop or I'm going to
work at a prop shop, or I'm working at this, uh, XYZ company, or I'm going to
work for this, uh, this trading firm.
And we got our own little algorithm and it's your algorithm.
Doesn't do shit.
It doesn't do anything.
Okay.
It doesn't do anything to push price around.
I'm telling you what makes the bank price, these currency pairs.
When they go to these levels, it's designed, it's all
artificially intelligent.
It's it's, it's completely.
Completely dissociated from any human involvement anymore.
It's completely and utterly driven electronically.
Now, before in the early days, it would completely be ran by men.
We would see them manipulate price and do it mechanically.
Okay.
Manually now because of efficiency, because of efficiency, you're seeing how
it just does its own thing every single day, without any intervention at all.
On the fact of humans, the central banks have gotten so sophisticated that
the price engines that they use now, there's a lot of so-called theory about
how price does this and does that.
And for the most part, it's all full of shit.
They don't make any sense and it's not true.
It's absolutely not true.
So if I don't know what I'm talking about, I would not be able to do
what I do every single trading day.
I tell you every single trading day, what the market's most likely going
to do, and it goes many times, right?
To the PIP that can't be justified by any other explanation, except for the
fact that I understand what makes price go, where it's going to go before it
doesn't and it's not going to be leaning on or founded on anything apart from
the interbank price delivery algorithm.
I can't, I can't tell you who told me to do how to do this.
I can just tell you the folks that introduced me to it.
Okay.
Didn't sit me down and say, okay, um, this is what's going to happen to mark is
going to do this and this and this, the fact that I saw what was being expected
in that room and how that operate in it.
What I saw in my own personal price charts, I bridged that two together.
So while there is no market sitting down with me at lunch, over tea, okay.
And telling me, Hey, this is how to do it.
Um, it was a matter of me being pro uh, pro up poked and prodded to go into that
industry and learn how to do that stuff.
That, that goes on that I can't talk about yet, because you haven't signed anything.
But when we do, when we do talk about it, you'll hear, um, yes.
And you know who I'm talking to.
And I, and I'm going to get all kinds of flack for that, but just understand that
I can't talk about certain things yet.
So, but I can tell you that the markets are absolutely 100%
manipulated to the pit, to the pit.
And if you understand what I'm going to teach you over the course
of the remaining months here, you'll get these understandings.
It's not, it's not going to be so hard for you to learn it, but
it's going to be, it's going to be some tinfoil hat discussions.
I mean, you gotta, you gotta accept that because that's really what it is.
The, uh, yeah.
The main thing is you're learning what makes the algorithm
print the price that we see.
So if you see that, okay, if you see the signs that it wants to do, what it's doing
once the algorithm starts doing its next, um, repricing, the beautiful thing is,
is that there's such a hard, uh, well, it's, it's a very strong probability.
What you think may occur will happen.
And it's almost like a self fulfilling prophecy because once you see the
algorithm turn gears and it's moving to a specific price level and I'm teaching
you how to do it, I've already really gave you all the price points that you're going
to focus on for the entire 12 months.
Everything I told you, what you're going to focus on, all we're going
to do is amplify all the conditions that help you use those individual
institutional reference points, liquidity pools, liquidity voids, fair value.
When you use the top of the candle, when you use the middle of the candle, all of
those things are the specifics that you have to learn with individual investors.
And what's going to happen is, is this is what I mean by this.
If you know one of those conditions and you, and you see it, the first one you
see and you understand how it forms in the chart, I'm telling you, that's going
to be your bread and butter set up.
It just that's the way it ends up happening all the time.
All the time, it happens that way.
Every person that's ever paid me to do this and teach them.
They've all, all came to one trade.
That was the first one they seen.
And they, and that's the one they make money on.
They that's all they do.
They focus primarily on it.
They tinker with the other ones just to practice and understand the algo
better, but they're making their living and making their money, running their
business, or their prop firm trading.
They're teaching their traders, how to trade all that stuff.
They're leaning on that one set up, but it's all based on Ellipta.
Once you understand the delivery of price and why it's doing what
it's going to do, there's no fear.
You won't worry about it.
You're not going to have any anxiety.
You're not going to be concerned about whether you're not you're
going to make money or lose money, or are you going to miss a trade?
Who cares?
That's a good question.
Um, can we say that the us dollar index swept the equal highs now for two pips?
Uh, th that would be a sweet.
Um, but it's really just a probing of that level.
I would expect.
Cause look at the time right now it's only 9 27, 9 28.
Now what's about to happen in two minutes.
What other reference point do we have to consider ourselves with around this time?
Yeah, you're not gonna find anything.
I got a couple people telling me they Googling IPTA you're not going
to find if the, you only heard about that because you paid to be here and
I don't want you talking about it as a, don't be putting it on Twitter.
Don't be putting it on, uh, you know, if you have YouTube channels and you're doing
videos, don't be talking about this stuff.
You have equities opening in about a minute.
Okay.
So we may see range expansion after that.
And it may drive through if we're looking for price to go to like equal
highs like that on a daily chart.
Um, many times it won't just go to that level just a little bit.
It will, it'll want to dry through that, because think if it's a
daily chart that we referenced this level, 96, 55, that's a daily chart.
So orders are going to be a little bit above that.
Aren't they?
I mean, it would be safe to assume that there's more orders above
that then just right at that level.
Correct.
So what we're going to do is run a combine.
Okay.
Combined time of day.
Think about that battery life.
Okay.
The trading days, like your cell phone battery.
Okay.
A little bar up in the upper right-hand corner.
You, how much of that batteries left?
We have a little bit, we've got about 30 minutes, maybe 90
minutes left of the trading day.
So it could expand a little bit more.
Plus we have news at 10 o'clock.
So what does that do for our time of day?
It extends it doesn't it.
So while 10 o'clock to 11 o'clock in the morning, when you have one sided flows
from London, that means if it's a bullish day, you want to be looking to take your
profits near the high today, forming in between 10 o'clock in the morning and 11
o'clock in the morning, New York time.
If you have news at 10 o'clock or 10 30 in that hour, between 10 and 11
o'clock New York time, that's going to extend that, that time effect of
profit taking it will make the daily high, maybe beyond noon, New York time.
Okay.
So you have to allow for that.
If there's no 10 o'clock or 10 30 news event or 11 o'clock, if sometimes it
comes out, then you always take profits at the 10 to 11 o'clock in the morning,
our New York time that's a standard.
You just do it.
Okay.
Here's, here's a lot of repeating questions too, that I get
and it's happening here now.
And I get an email folks will say, okay.
Um, if I look at this daily high, that 96, 55 level relative to those equal
highs, the question is okay, because you see those equal highs and you
see those buy stops getting ran down.
Is that not a short, are we selling right now?
Are we looking for a cell?
Put a number one?
That's what you're thinking, or if ever thought that no other words.
If we see equal highs and the market runs up there, is that a cell?
Do you think that that's what that means?
Sometimes it is.
That's part of why we got to do these exercises and give
yourself time to see examples.
But I look at it.
In other words, if we're below those levels, if we're below the equal highs.
Okay.
What, what are those equal highs going to do for price?
Is it going to repel price or it's going to draw price up.
Okay.
So now think if we're below those equal highs, like we have been for the day.
Okay.
And we talked about this area being potentially used as upside objectives.
That means what is the underlying bias for the dollar bullish, right?
So if you're seeing a bullish market, why would you want to sell that market?
It hasn't given you any indications yet that it's going to go lower.
That's what you're trying to do with turtle soups.
You're looking at every previous high being violated as a sell,
and it doesn't work that easy.
You have to have some context behind it.
Now let's say for instance, that the dollar was any primary downtrend and we
saw those equal highs like that in price goes up there and maybe it runs to 96 60.
Then that would be a sell because you have the context of the marketplace being
already underlying weak, it's going lower.
It wants to be going lower and there's equal highs would be by stop
on individuals that have trailed it tightly on short positions
that are already open running.
Those stops would give the market makers and opportunities to unseat those
individuals that will be profitable on the next new, lower price swing.
Does that make sense or did I lose.
Okay.
Let's look at it this way.
If you go out to the daily,
put this box over here.
All right.
So this is the daily chart.
$1.
Okay.
We've been moving higher since April, 2016, higher, higher, higher, higher.
It's been wanting to go, excuse me.
It's been wanting to go higher every time he goes lower.
It's just reaccumulated more lungs.
Okay.
So if we see equal highs like this, okay.
And we're down here as we were describing earlier, all that's going
to do is want to draw price up to it in an underlying bull market.
If we look at it weekly chart on the dollar, is that a fair.
Looking at all this what's this
go ahead and pull market, man.
This is a bullish market.
So if you have long-term trend bullish on a weekly and you have
a Bush environment on a daily,
these equal highs are just going to be objectives to draw price up to it.
That's all it's going to do.
Okay.
So their objectives for you to take profits in your
long position on the dollar.
So by having these, these ideas of looking for turtle soups, uh, running
out previous highs to go short, unless you're really short term day trading,
um, you want to try to avoid doing that and only focused on turtle soups that are
running out lows when you have a primary bull market, or if you know, underlying
bullish market relative to the daily or weekly, if you focus on buying old
lows, once those loads are violated, when you're going to primary bullish market.
In other words, if you think the daily charts going higher,
okay, how do we do that?
We'll you got to see bullish or blocks being respected.
We have to see resistance or old highs being broken.
And there has to be areas that where there is like equal highs
here, we have a liquidity void.
All that stuff needs to be considered in all days will be
factored in for upside objectives.
Since that's the case, the market's going to want to draw all up into those areas.
So if that's what's going on these reference points that I've told you
to focus on in September, they're not areas to sell short at in this
context, the market's bullish.
So how would you use those tools?
You would look for false breaks below old lows.
That would be a run on what kind of stop
sell stops.
Why would they want to take cell stops out in a bullish market
to assume positions long from no cell stops.
They have willing liquidity that wants to sell to them at a low price.
They will gladly buy it at a low price because they're going to take it higher.
So when we use these reference points that we talked about specifically, what
to focus on in September's content, all you have all those same things
we're going to talk about for the rest of this mentorship, but the context
of where you use them is important.
It's not simply bull shorter blocks and bears shorter blocks.
That's why some of the trolls, they get minimal success and they still
follow my, uh, my work in free tutorials, but they pop shot at me.
Okay.
Because they don't know how to use them in the right time.
So therefore everything that I do is fake or it's hindsight, it's only demo.
It doesn't work, but you're seeing how it's done every single day.
You're here every single day with me.
And you're seeing it.
I'm giving you exact exercises to see what it's like to be
engaging with both sides of it.
And by forcing you to have exercises in both sides of being in a bullish market
and in a bearish market, but forcing you to use the concepts, you're going
to see how easy it is for the tools to work when they're used properly.
And you're going to see why it's not advantageous for you to force
an idea of selling a turtle soup pie, or buying a turtle soup blow
without having the context of what the marketplace is most likely going to do.
And that's going to be framing, you know, an Ellipta what under the
algos is going to do with price.
That's the underlying truth period.
So if
all these, all, every market out there that trades uses
this stuff, it's the same.
It's the same thing.
It doesn't matter what asset class you look at.
Uh, Christine's asking why would we be considering the beginning of August from
the daily, the us dollar index, a bullish?
Well, if you look at primary longterm trends, um, how did, first
of all, how, how do markets trade?
They go from a consolidate.
To a training environment or expansion, then we go into consolidation.
Okay.
And what happens is daily, you get another move higher or lower
since we're in a primary uptrend.
The next move higher is most likely to occur.
When we talk about commodities and futures and we use open interest for mega trade
setups, it'll be a lot more significant in, in contrast to using just for X.
Um, John, this is all part of why, cause I'm getting a thousand
questions of how did I focus on only being a buyer of, uh, of CAD.
And this is all germane to the discussion.
So if you're confused, just understand, it's all, it's all pertinent
to what we're discussing here.
I just explained, um, the question is, is what, what are we
supposed to know what to focus on?
Everything I just explained to you, the fact that the dollar has been
wanting to go above these equal highs.
Okay.
Let's I'm going break it down very elementary.
If price is moving up on the day on the dollar, as you can clearly see it.
It's wanting to go above these equal highs over here that it
has not done until just recently.
It just touched that the momentarily went above it before the news
released this morning at eight 30, the dollar was below this level.
We've already identified that we're here with equal highs.
We've talked about this for months as an upside objective for dollar
and wanting to eventually go there.
If you're going to trade foreign exchange, you have to know
what the dollar is going to do.
That would that's what frames high probability conditions
and low risk opportunities.
So if we're going to focus on trading a specific payer relative to a
news release, the calendar says at eight 30 this morning, that housing
permits are going to be released in the U uh, the dollar CAD or the CAD.
And, and there's going to be employment claims for the dollar.
So at eight 30, we should see a volatility injection.
That means we should see movement.
What direction did we trade is going to be driven by what the dollar is
most likely going to be reaching for which what we've been talking about
all morning, all this stuff over here.
What are we worried about this opening price for us?
Because every single trading day, if data okay, or the way that the interbank
price deliveries, uh, designed to give us what we see in terms of our
price fluctuations, that delivery of.
Is directly related to this opening price at midnight.
That's what sets in establishes the trend direction of the day.
Why is it significant one?
I even talking about it.
It's not a detachment from this discussion.
It's actually the foundation of why I just told you this morning.
We want to focus primarily being a buyer of us CAD, not a seller.
If you're going to focus on this pair, we were looking on the upside.
And the reason why is because dollar wants to go higher here on the left.
It wants to go above these highs over here.
So if the dollar is wanting to do that, the first currency in this
pair dollar CAD is the dollar.
So you're going to see a unwillingness to see the market go lower in this pair and
more inclination to, for it to go higher.
So if it's going to want to go higher, how can we, how can we look to be a buyer?
Well, if the market was going in a consolidation like we described
earlier, I'm not sure if you were here the entire time, John.
So the entire presentation where you rewatched the recording.
Cause it's very clear.
I mean, I went into great detail about this, but the opening
price, if we get below that opening price, the idea is this,
this daily chart over here.
Okay.
If I change this,
not to that.
Okay, this is what you're seeing.
This opening price, a small little movement down.
You see that
the opening price, small little move down, then it expands up.
And there's an up-close potentially in the formation today.
If we're seeing bullish prices on the daily chart, our expectation is, is
this same model right here as this open high, low close chart indicates, this is
power three accumulation, manipulation distribution, the accumulate longs.
They manipulate below that opening price, get people thinking it's
the wrong side of the marketplace.
And then they expand it and they distribute it later on in the day over
here, the way you apply that same thing is that opening prices at midnight.
So you want to be a buyer at that price or below it.
That's where the low risk high probability entries are.
They occur at specific times of the day.
We don't need the clothes to be higher than, uh, yeah, we don't need the
clothes to be higher than the opening to make money because we're specifically
aiming at day trades right now.
But the responsiveness of below the opening price at London,
this is all London timeframe.
We're here in London.
And this is New York.
You would not see this in the context I'm telling you in any other discipline.
It's not there.
Nobody talks about this, but the fact that it's gone below the opening price set at
midnight is absolutely paramount to you.
Understanding how to trade effectively.
It doesn't matter if you're a long-term trader or not, or a day
trader or a scalper without this information you're trading in the dark.
It gives you directional bias when you use it in the context
of the daily timeframe as well.
So if you're basically what I'm saying is if you're bullish, the best trades
are buying at or below the opening price set at midnight candle in New York.
And it's not the fact that it just goes down below that price.
It goes down below that price at specific times of the day,
London open and the New York open.
So you were blending two things, time and price, and we're doing what we're doing
relative to those two elements, time and price with the APTA, the way interbank
price delivery is being provided to us in the form of what they're reaching for on a
daily timeframe, which is this level over here, your focus needs to be primarily
on this pair wanting to go higher.
We said, initially we had to watch this level here, 32, 19 or 30 to 20.
It hit that it's showing initial resistance in here.
Still got a little bit of time.
We still also have 10 o'clock.
It could wash this entire thing out.
It could be that that's all there was, but was this a viable move between where the
opening price is up to this level here?
That's all I'm trying to highlight for now
the initial target for this one was this level here, basically 32 20.
And if we got through 30 to 20, we would be monitoring what we saw in
terms of advancement above 1 30, 2, 27, but we can't contend with 1 32,
7 27 until this level was meant.
And that's all we've seen so far.
But my question is, is this a viable setup where if you were buying, you'd be
buying below the opening price down here, said it midnight up to this level here.
So being a buyer at, uh, basically 1 30, 180 5 or five points above that,
1 30, 1 90, that's where your, your fill would be relative to the spread.
So 31 90 to 32, 20 X, what 30 pips, where I live.
So the point in which once you understand.
Get this thing to show up here,
all you're doing,
as you're looking for a way
to envision
the opening price.
If you're bullish, you wouldn't be focusing on that
opening price at midnight.
And then that movement down below that opening price established at the
midnight candle in New York, which is over here below that opening price.
That's where all the banks are doing their buys.
That's why the IPTA delivers price down there.
It provides them the opportunity to onboard their long positions.
Then they allow price to expand up.
We do not need the clothes to be up here on the day.
If this was a daily candle, we don't need that because I'm
teaching you to pay yourself.
I get it wrong.
Sometimes.
Sometimes I still am inaccurate, but I don't have to be accurate to make money.
And I showed that yesterday.
I was expecting the category a little bit harder than it did.
I don't care did it didn't go any to those levels.
It's still.
I need this movement here.
It's between four o'clock in the morning and 10 o'clock in the morning
that bulk of the daily volume.
Okay.
That, that delivery of price between four o'clock in the morning and
10 o'clock in the morning, that's where the lions portion of the
daily range is going to occur.
And all I care about is getting some of that, but I want
to be positioned down here.
I don't need the clothes to be above the opening or my entry price.
I just need to get paid between our, where I entered that in sometime
between when I got in it and 11 I'm sorry, 10 to 11 o'clock in the morning.
So it can, it can do this.
Can open, come down here, give you an opportunity.
Rally up 30, 40, 50 pips, and then do this.
Who cares if you bought down here and you took something out up here,
that's trading, that's trading.
Unfortunately what's happening is you guys are looking at this and buying
down here and you're demanding because power three says it has to do this.
No power.
Three says that you have to buy near the low and you distribute
your lungs as the price expands up during the times of the day that it
should expand and you pay yourself.
Every single trading day, regardless of the direction, there's a
retracement between five o'clock in the morning and seven o'clock
in the morning, New York time
that retracement sets up the New York session.
Well, that's, I appreciate that manual manual saying it's starting
to make sense every day and that's why we have to do it this way.
I appreciate your enthusiasm.
Some of you are just really demanding to know how to do
this in one or two sessions.
And I think it's because number one, the, the excitement, obviously,
uh, the anxiety about whether or not you're going to learn it.
Okay.
Or you can't afford to pay the monthly payments.
You just want to be able to start making money and say, okay, I got enough.
I got to go, but I'm telling you to get the maximum benefit out of this.
You just got to let me teach it to you the way I'm teaching it to you.
If you, if you trust me and I hope that you do, I'm promise you, I'm going to take
you to where you want to be at, and you don't even know where you need to be at.
So I do.
I knew where you're going to be on
what is an order block?
Is that a real question?
I mean, I don't mean to be mean or anything.
I don't want you to be offended.
No one else saw you asked that, but if you're really asking that
question, you need to watch the.
Free tutorials specifically the nice the sniper series.
Okay, good grief.
I was like, oh my goodness.
I'm getting a question about what an older block is.
Okay.
So here's what I ask you in closing.
And then we're gonna quickly summarize the Aussie dollar exercise last
night and what the takeaways are.
If we're looking at what's a PIP.
If we're looking at, let me get my chair here, said situated.
All right.
If we're looking at, say, say these candles in this 15 minute timeframe, okay.
Say these candles represent a daily chart.
Okay.
Say this is a, say, this is all relative to a daily timeframe.
Every candle is a daily chart.
I'm sorry, daily candle.
If we see the ideas that we're fleshing out here.
Now, the only thing different is you can't use the opening price at midnight.
And there's other things that we'll we'll use that we can, uh, build ideas
on for the daily chart, but forget this opening price level here for now.
If you can establish a directional bias.
And I know for some of you, that seems like an impossibility right now, but.
If I haven't communicated anything else, except for the fact that we can talk about
moves and going to specific levels before they happen day to day, every single day.
That's what I want you to focus on primarily right now.
Just relax and know that what I'm teaching you.
I know, and if I know it, I know how to communicate it to you,
but you have to submit to it.
If these are daily candles and say that you were wanting to be a buyer down
in here relative to things that I'll discuss on hard timeframes, how much in
terms of pips could this potentially be only those that have been trading for a
while and can understand how to answer that adequately, but it could be in
the realm of hundreds of pips hundreds.
So when we look at price action, don't, don't think in terms of,
well, you know, I'm not, I'm not learning how to day trade.
Michael.
I want to learn how to position trade.
These elements that you're learning with price action will help you
put trades on using a daily chart.
And you won't have to be in these intraday charts at all, but to
effectively communicate it and show you just how reoccurring they are.
I'm using these intraday charts to show you that the way that price is delivered.
Okay, here's a question.
If I'm teaching you the interbank price delivery algorithm.
Okay.
Does that.
Deliver the price that we see in intraday, like on a 15 minute timeframe,
whereas that interbank price, delivery algorithm doing something
different on a daily chart.
It's exactly, it's the same thing.
And unfortunately, and I thought this same stuff, folks.
So if you thought this way, don't feel ashamed.
I thought that there was something totally different.
When you looked at a timeframe like a daily chart or a one hour chart,
I thought that they were something entirely different and you had
to trade on individual timeframes because those timeframes are uniquely
distinct from other timeframes in that price is different from every other
timeframe I tell, I thought about it.
That's how I believed it in the beginning.
It took me months to understand that that was wrong.
Okay.
20 years ago, I thought that same stuff, but I'm trying to explain to you
just because we're using a different timeframe, price is still being offered.
Okay.
If I changed, if I put up the daily chart of the dollar index, like we
have here, and if I put a 15 minute timeframe of the dollar index, the 15
minute timeframe is going to reflect that same price at market that the daily
chart is going to reflect the benefit of looking at the higher timeframe.
Okay, which is what the answer to you.
Everyone's asking the same question every day.
I want to learn how to get to directional bias.
If you can just tell me that Michael, I'm going to make money, and I'm
going to tell you you're wrong because you're still going to do things wrong.
You're going to buy in bullish days at the wrong time.
You're gonna put your stop at the wrong place, and you're gonna come away with it.
Doesn't work.
And you're the problem.
You don't want to hear it, but you are.
I was my own problem and I am sometimes still my own problem.
Okay.
And it's going to, it's going to be the issue with you as well,
just because I'm giving you tools.
You're not going to fix that if you have the wrong thinking.
So if these are daily candles, okay.
That we're representing the study over here with this with fifth,
with a 15 minute timeframe, even though it's only been about 30 pips
of total magnitude and movement.
Okay.
That's not to say that the daily chart, it was the daily candle.
Excuse me.
Oh, sorry,
I got this a nasty throat near there.
I, I can barely speak.
So let me get through this.
And then I'm going to take a rest of the rest of the afternoon.
Won't be able to do any much more talking otherwise, but don't, if we looked at the
candles like this on a daily basis, okay.
I want you to feel assured that the same setups that we describe in
terms of looking at price on these lower timeframes, that same thing
is seen on the higher timeframe.
The only difference is the candles are bigger and it requires more time
for them to complete their formation.
Obviously, every candle here only takes 15 minutes to form, and then a new
candle forms over here on a daily chart.
It requires an entire 24 hour day to allow that candle to form.
So it's not efficient for me to teach with just a daily.
Because you're not going to see that many setups, but if I show you every
single trading day, a condition that exists in price action with these
smaller timeframes, I'm hoping, and this is my, this is my goal.
I'm hoping those individuals that want to only trade in daily timeframes or
higher timeframe charts that they see the validity behind studying price
action, and then submit to the fact that, okay, I understand I don't need
to be a day trader, but what he's teaching is in the charts and therefore
it's economical for me to focus on it.
And don't dwell so much on the fact that it's an intraday chart and some
of you because of your ignorance, not because I'm Lena in, in a mean
way, but your lack of knowledge, just like it was a lack of knowledge.
But my part initially as a new trader, I didn't understand how I
should view what I was learning, but I'm telling you, I had the same
concerns initially as a new trader.
So don't worry about, don't worry about the fact that
we're using smaller timeframes.
Okay.
It's the same component across every timeframe.
Okay.
Everything's the same, but this viewed in different intervals
of time, that's all it is.
So.
The, the last question I saw that was really interesting
is, um, uh, is IPTA always an operation or is there a triggers?
Um, if the is always running, it's a 24 hour from the time the market opens
up to the time of market closes on the weekly basis, it's always running.
Okay.
It's always delivering price.
If it stopped, you wouldn't see price move.
It's the engine that delivers your price fluctuations.
Okay.
So what makes it important to understand why it does what it does and what I
teach and can't find it anywhere is the fact that it's all time based.
There are specific times of the day, it goes to specific price levels,
and you need to understand that it's going to be relative to the opening
price that's established at midnight.
Now you're all going to be thinking, oh no, they're going to change it.
They're going to do it to a different timeframe.
No, or not, because it's all based on, well, I can't talk more about that yet.
It's basically, you're going to learn that there is a, it's a forced way of doing
it, that they're not going to change.
Okay.
They're not going to do, they're not going to make any deviations from it.
It's been working for years and years and years.
And before I discovered it in price, okay.
The folks did not sit down with me.
Okay.
And say, okay, What you're going to do is you're going to see a Judas
swing here, and you're going to look for a protraction here and you going
to do those were the discoveries I made by bridging what I learned, how
price is delivered, and then seeing in the charts, what that looks like.
And it took me months of pouring over charts, and then I saw it.
And when I saw it, it was unbelievable.
I, I, I literally had a panic attack because I was like, I can see it now.
And it was scary.
It was absolutely scary knowing that if I can see it in the charts in hindsight,
I couldn't wait for the next trading day.
And yes, I was crying.
It was very, it was a very emotional feeling because I
feel like I cracked a code.
That's how it felt.
And it felt like it was forbidden knowledge that I wasn't supposed to have.
And I got scared.
Like I just did something that I shouldn't have been able to do.
And when I started operating in the marketplace using it on a
very small scale, that's when everything started clicking and
all of a sudden $17,000 a week.
Okay.
Become, it was standard.
Whereas before it was all initial luck and that's what I attributed my first
run in the marketplace, that was all completely luck, luck, luck, luck,
luck, then all of a sudden $20,000 a week, $25,000 a week, $35,000.
All these things happening.
Okay.
Because of my understanding of what makes these markets move around.
Why did I jump from futures into Forex is because the liquidity and
the visibility, C4 X is beautiful because it's so time sensitive, very
specific times of the day, very specific elements in time and price theory.
And once I understood and bridge the gap and understood how Ellipta
works, you see it every single day.
There hasn't been really with the exception of the last night, we were
talking about the Aussie dollar.
Um, we didn't, you know, we, we don't really trade in that timeframe.
There's no real excitement about getting in that time of day, because like I just
said about the midnight candle here.
That's when, if that goes into its highest seeking of
liquidity after this time period.
Okay.
You're going to wait until we get around two o'clock in the morning.
Then the market's going to go into an area where it's going to give banks.
All of them, not just the bank of Canada, it's going to get all of
the banks and opportunity to pair up orders across all major pairs,
across the majors, everything.
And it gives them transactional basis to get efficient prices.
It's not one bank against the other.
They're not cannibalizing one another.
It looks like it's sometimes, but they're all in 100% cahoots with one another.
So if you look, when price goes into these times of the day, price is going
down to that level, not because of some Fibonacci level, it's not going down there
because of some kind of, uh, a harmonic pattern or any kind of trend line thing.
It's going down there to facilitate transactional value when, when the banks
are or are coming online in London.
Okay.
They have orders that come through through insurance companies.
They have orders that come through for just business exchange.
Uh, IBM needs to do business in Canada.
Okay.
So they got to exchange their dollars into, you know, the Canadian dollar.
Well, these market moves that go down there and they allow that
to have operational costs lowered on the, uh, on the banking side
and more efficient for them.
And they can also use these times to make books and build in pricing.
So that way, if they can speculate in that marketplace, see, that's the
part that people say, they think they understand, and you listen to people
out there and say, well, there's very little speculation in, in interbank.
Uh, you know, bullshit.
There's, it's all that transactional sides.
The lease side of it.
That's the minimal side of it.
The majority of it is all speculation.
That's where it's all.
You think that banks are in businesses to make these little little transactions
and exchange fees and, okay, well, I'm going to take billions of dollars
here and I'm going to make a little bit, that's not what they're doing.
They're fleecing large funds.
That's what this is all about.
That's all.
This is about, it started with a business transaction model where
they can facilitate exchange currencies for commerce, but
that's not really what's going on.
That's not what's going on.
It's going on because there's money to be taken from someone else.
Billions of it, every single day in every, every currency, there's
billions, hundreds of billions of dollars being fleeced from large funds.
That's why these markets are there.
The, the illusion is it's so allow free commerce.
It's allowed to do international trade.
That's bullshit.
That's not what this is.
Okay.
Because if it was really about being efficient, we
would have one world currency.
And that's why I'm telling you as a Christian.
And you may not sound like I may not sound like a Christian, you know,
using the words that this use, but I believe there's heirs of God.
Okay.
And I'm going to tell you if that offends you too bad.
If there, if there is a God and I believe there is, there is a certain
sect that say, there's going to be a one world currency and I'm telling
you that's never going to happen.
It's not going to happen because when, when that happens,
okay, all this falls apart.
All this right here, this whole idea of trading falls apart,
there won't be any more trading.
The fact that they keep individual currencies segregated
apart from one another.
It tells you that that's exactly the reason why they keep it like that because
it gives them a frame of, of, of business.
It gives you the illusion that there's a necessity for a reason.
For this currency, you have to exchange their currency for another.
When in fact it would be more efficient.
If everybody would just do one currency, it would be efficient.
Wasn't it.
If everybody operated on the same currency, world trade commerce
and business transactions internationally would be a breeze.
It'd be easy.
It'd be no cost, but it's not going to happen.
That's not going to happen.
That's why I'm telling you.
As long as there's Marcus to be traded, they're going to trade like this.
It's not going to go away when there is one world currency.
Okay, it's going to be none of this trading.
That's when the trading stops.
So that's why I'm trying to tell you.
It's either in a sense again, it's like everything else I've talked about.
It's binary either.
You're going to have all these multiple currencies to facilitate imbalances.
That's why there's all these individual currencies.
Believe me, the IMF can make one currency.
It can happen.
They can do it in a very short span of time.
They can do it.
But it's not in their interest to do that because they can manipulate governments.
They can manipulate, uh, wars.
They can, uh, naked manipulate people's thought processes, turn
one population against another population, all because of economics.
And they drive it with interest rates and they devalue or raise
the value of their currency.
That's why this exists.
Anybody that tells you anything, apart from that they're full of shit.
Okay.
They either have been subs, they subscribed to some Mickey mouse
idea, or they don't know what the hell they're talking about.
It's as simple as that, there's no other way around it.
And if you disagree, whatever, I don't want to hear about it.
Cause I didn't know
what to expect in that kind of a session today.
Where are you?
I wasn't either, to be honest with you,
Mickey mouse, Mickey mouse means goofy.
Like it doesn't have any validity.
Yeah.
Sometimes there's some opinions about why the markets do what they do.
That just starts a complete nonsense.
I get accused of tin, foil, hat, and tomfoolery.
Like, I don't know what I'm talking about, but I'm the only one talking
about where it's going to go before it does it every single day.
So.
Hopefully.
Yeah, hopefully, um, you know, every single day we spend together,
we are learning a little bit more
and as we go deeper into it, more of it will make much more sense to you.
Um, I don't know what, what's the high here.
I was too busy.
Jawboning with soap box,
uh, 1 30, 2, 27 to the PIP.
Boom.
Right.
Did it fit?
Um, am I learning by teaching us?
I'm learning how hopefully I, every time I complete a week with you, and
even before I did the paid, the paid service, I'm learning more about
being an educator and how I could have done things better earlier on.
So yeah, I am learning in that regard a lot about myself.
My son is a breakeven trader.
He has bouts where he does well, and then he lets his emotions.
Cause he's trying to impress me.
He'll have issues with consistency and he'll start doing overtrade
to try to fix his problems.
And I'm trying to teach him that there's no necessity for
you to rush in there and do it.
He's he's.
No, he's 20, actually, he'll be 21 in six days.
All right.
Now, watch for expansion in here on the upside for us cat,
the next level will be 30 to 44.
And then above that, we'd be looking for this area in here,
running off those equal highs.
We mentioned the other day.
Yeah.
Some of, some of these videos in the first couple months are going to have to be long
because there's a lot of insights that I just can't communicate to you in a tweet.
It's just, you can't get it in or let's put it this way.
I don't know how to teach it to you in a tweet.
Well, we only got to the September content right now, except for the.
Installments on the videos for October.
So the only thing that you should be focusing on now in study is
the only notes that are available and teachings for September.
Uh, well, I, I appreciate everyone's concern about the length of the
videos, but you know, the first couple of months I mentioned this,
think about what I'm doing here.
Um, making all of the free tutorials and how many videos did I do that were free?
I don't even know how many I did.
I mean, there's like a thousand hours of stuff.
Okay.
So if, if we have all that work in terms of study material, I got to
compress all that stuff in three months.
And there's no way for me to give you all of the salient points that you should've
taken away over live charts without having a couple long ones here and there.
And you're just going to have to accept that and it's all recorded.
So don't think that the rest of this tutorial, I mean, the rest
of this mentorship to videos are going to be this long because you
don't know a whole lot right now.
That's the whole part of bridging that gap.
Believe me, I don't, I don't want to be spending, you know, I don't want
to be spending hours all day long doing videos when we're in month six.
It won't be there.
Won't be that much to talk about.
There'll be specific conditions that I'll say, Hey, this is.
XYZ and expect this, this and this, and you'll know exactly what to look for.
And when it fails, you know what to expect.
It you'll know.
You'll just know, but I can't get you to that point until we look at price
action and show you over a period of three months, every single trading
day with great deal detail, why it should be doing what it's doing.
And then in the latter parts of the, um, the course, you know, you
won't feel the need to have you'll know exactly what you need to know
inside of a 15 or 20 minute video.
And this is what I'm talking about.
I can't teach this on a daily chart.
I mean, what do you want, what do I talk about on a daily chart?
I gotta wait until tomorrow.
It was close to talk about it again in here on an intraday capacity.
It allows me a lot of price action to talk about in advance before it happens
and give you the reasons why it should do it and all that stuff that you're
going to feel when you're doing a trade that I'm not going to be there.
I'm not going to be there next to you.
The only thing you're going to be able to rely on is the
experience you're having right now.
No, I don't have, I don't have a David as a son.
Now we need these types of yeah.
Well you need them initially, but you won't be needing them
later on in the mentorship.
I'm telling you what if I could explain.
Years with some idea, be willing to sit down with me like this and
whatever they wanted to charge.
I would have paid for it because there were so many times where I was in trades
initially with live money, way too much money, then I should have had on it.
And I was scared shitless.
I mean, I was scared.
I mean, I was paranoid.
And to have someone that knows what's going on or at least experience having
done it, this listening to him to talk to me, explaining it and watching it
unfold would have removed all kinds of anxiety and stress and panic.
Just to hear someone outside my own voice, because you know what this sounds like.
I mean, it's in your own head.
It's deafening.
You're, you're, you're telling yourself 50 things you should have done differently.
You should have never took this trade.
Get out of it right now.
You know, move your, stop up all kinds of stuff.
And believe me, I know that's like I did it.
I've done that.
And then wondering, you know, you're in a trade and the shit's
going against you immediately.
She used to get in there.
And it what's your thinking is, is that guy at the broker
is seeing only your chart.
He's on the other side, like it's a video game you're playing against him
and he's moving price against you.
That's what it feels like when you have no idea what's going on.
Okay.
And you just want to know, does anybody make money with this?
Does anybody really know what's going on?
Because if I could have saw that, okay.
If I could have saw someone be able to prove.
Just for a week, just one week, show me that you can tell me where the market's
going to go, where it should react and then where it should go to afterwards.
If you could do that, then man, then I won't feel so fearful
because then it won't feel like they're just out to get me.
Yeah, it's what it feels like.
It's weird.
And it,
uh, I will share, I will share the, my effects book link with everyone.
That's part of the mentorship after I remove the balance of those individuals
that have not paid because they're about to leave us on a permanent basis.
And I just don't want folks because I get a lot of tweets by people
that are not part of our mentorship.
And I just block them because I don't want to distraction, but there's folks
out there that still believe that I don't know what I'm talking about.
I can't trade.
So I don't want to have that forum.
That's really meant for just you guys to monitor what we're doing because
invariably what's going to happen is you're all going to get in there and look
into the discussion portion of the, my effects book and the trolls will be there.
And you're gonna, you're going to want to defend me and I don't need you to do that.
You're focused on this stuff focused on leaving.
When would you want to take partial profits on this move and CAD,
is that what you're asking cane?
You should have already paid yourself two times.
The first one was at this level here.
The next one is at 1 30, 2 27, because we said we want to monitor what
it does once we get to this level.
So far, the only thing that's done is pierced this high here.
This is normal.
DePaul's here, but you don't want to see it.
Come back down below this low.
You want to see an expand.
There's no reason for it to come back down here.
We want to see it, expand up through it.
Go back to focusing on the dollar on the left-hand side and
see what it's doing over here.
This is all part of trade management.
May go back to a candle.
Sorry about that.
And ideally, what you want to do is you want to see an expand through, cause
we have two downs candles in here.
Prices dipped into that series of two down candles here with the wick to the
body, into the body of this candle here.
So you want to see institutional order flow, support this expansion up through
drive through those individuals that want to be shortened dollar now because they
saw a little swing high up here in a WIC.
Um, Steve Nielsen would call this a bearish pattern.
So therefore the dollar should go lower and traders are going to trade on it.
And they're going to put their bicep rate above that high.
And if we get expansion through 96, 55 on the dollar index, on the left-hand
chart, that would free up movement on upside to the 30 to forties, $1 Ted.
So now here's my question.
We were monitoring looking at CAD.
Okay.
Some of you already went along at 31 90 that's 10, 20, 30, 40.
You're about 40 pips in the profit right now because we're at 10 30,
essentially at least half of your position should be off now, minimum,
half your position should already be out
and your stop should be at plus 10.
So at 32 big figures where you should be at, why did I take that?
Because it's a 32 big figure and it's below, it's below this down candle.
If it comes down below this level here.
Good grief, Bella.
I got her on some heavy pain medicines.
He's a very snoring, like a lumberjack.
The, uh, you don't want to see the market come down below this level here.
Okay.
Cause at the time of the day, you don't want that.
You want to see it, stay above that and then want to expand
through, to get through here.
The next level would want to reach up, reach down into it
would be this down candle.
You don't want to see that either because we've already went through this price
range with this run, then this run again, and then this candle went through it.
And then we went back down again.
So if it goes down into this area, that's not good at all.
It knows it's already traded through here.
Four times four candles did this entire range in here.
So price needs to consolidate here at worst and then expand through.
So if you put your stop at 32, you lock in and 10 pips.
There's no worrying about it.
No fuss, no muss.
He just let it go.
Yeah.
You're only supposed to be making one and a half percent.
What are you trying to do?
Make 10%.
One day.
No problem.
You don't ever have to tell me you got, you can't stay.
Just watch the recording.
You're paying for it.
Just make sure you, you study it.
One one and a half percent is modest.
Yes.
But it's an objective that I think is realistic.
I mean, I could sell you, you're learning 20% a month.
I could do that as a sales page and all that stuff, but I don't want
you thinking that way coming in.
Well, you can make one of the 10%, you can make a lot more than, than that.
I'm not saying as a low end objective for someone that's new, I'm assuming
there are a great deal of new traders.
So that's why I'm using the first three months to kind of fill in the gap.
Some of you that want to view yourself as advanced, and even if you're profitable
outside of the mentorship, that's great, but that doesn't always equate
to understanding what I'm going to be teaching in the mentorship because I
purposely left gaps in the free stuff.
So you're, you're dealing the charts with me live even during the first
three months is essential to what we'll be covering in the latter portions.
I can see your questions, Rob, but I, I'm not looking at Twitter right now.
Well, I appreciate that.
I don't want to come across, like I'm beating my.
In here, but there are a lot of new folks that came in, did they not?
They didn't spend the entire month of September.
So when we talk about price moves and if I make the comment and say,
oh yeah, we were talking about this.
And we called this level.
It sounds like hindsight to someone just signed up and they didn't
sit in here and watch us unfold throughout the entire process before
it happened every single trading day.
And that was why the first month was aimed at just trying to teach that don't,
don't be fearful of missing a move.
They happen every day.
Don't, don't worry about it.
Why am I, why did I have 32, 27
yesterday?
If you watch the recording, um,
if we go out, I think it was a Dunaway chart.
If I'm not mistaken,
let me get this little thing of the way.
Yeah.
It's the hourly open on this up candle.
The up candle is a bear shorter block to the opening prices.
What are highlighted there and that's why we have it.
And then the next level is the middle of the up candle.
1 30, 2 45.
And then beyond that, we're looking for these equal highs to be taken out.
You're welcome.
It's not annoying, um, to have some of that repeating questions, because I know
some of some folks have found me by way of two people that are in the mentorship, you
know, cause there's a little bit, a lot of uncertainty about my ability to be able
to do this because I've lived in the realm of hindsight as an educator for years.
And I wouldn't let anybody see me do this stuff live because admittedly, I
was afraid that I would get in trouble.
I mean, I'm going to be going, I'm going to be honest with you.
I'm I was always fearful that I would get in trouble again and I don't want to mess
around with a CFTC or any of that stuff.
And that's why I'm very clear and tell you that everything you ever see in here
is always going to be a demo account.
And that's why you agreed on that terms of use as well.
Um,
well I hope I don't get in trouble.
Let's just say it that way.
I'm not doing anything in here that warrants trade decisions.
Cause we're, we're practicing in a demo account.
You can't lose money.
If you do what I'm telling you to do, do this in a demo account, you absolutely
cannot lose money, but you can lose.
You can learn from doing this.
And if you decide to make your own decisions on trading, which is how it
should be done in every capacity, whether whatever asset class you trade, uh, when
you decide that you are versed enough to make decisions on your own, to make
trades with live funds, I'm interested in hearing what you do, but I'm never telling
you to do that with your life funds.
You're never going to see a live account with me ever.
It's not going to happen.
Cause for me to do that is the show you, my, my business entities that I trade
through, I don't trade through my personal name because that doesn't exist because
everybody out there wants to know where I live, what I, what I drive, you know,
where they can find me where I'm going to be meeting at mine, uh, next meal.
And it's, it's ridiculous.
Watch the dollar on the left-hand side, all the steel, all the Steve
Nelson candlestick traders here with these inverted hammers decent, or
whoever's his name is that shows you how much I care about the guy's work.
I have a, I just bought up yet Phillipe.
Um, last Tuesday,
it's a watch.
Sorry.
I got, I'm going to get all kinds of emails.
Uh, some of the feedback I got was like, Hey, uh, you got some good videos,
but uh, sometimes you talk, you're talking to people that no one can see
those questions and it's annoying.
And I can imagine it probably isn't knowing.
And this is the reason why it's, it would be impossible for me to be doing live
trades with you in talking over them.
That's why when we do these, okay.
Once we start doing the high probability, low resistance liquidity runs, the
delivery of that information is going to be entirely through Twitter.
We will not be doing those live with me, having real money behind it,
because I won't be able to focus.
There's just too many things and I'll get nervous.
And when I'm trading, I want to make sure I'm focused because money's at risk.
When it's like this.
I don't have any skin in the race and it allows me to be able to be fluid.
Don't just talk about what it should happen.
Um, I think it will be a recap in chart only because we spent a lot of time so
far this morning, or what is this like two and a half hours now, or two hours.
We should see a run through that 96, 55 now on dollar.
And we should see expansion to 32 forties, $1 CAD.
And that should close up the, uh, profit taking hour on
Ellipta between 10 30 and 11.
We get to 30 to 40 trail.
Your stop loss up to 32 20.
It can't move there until it goes to 30 to 40 though.
And then it's going to see if it has any room to run those highs out.
We mentioned earlier.
Tom asks, is this a, is this a short session?
And how long is the long session going to be the long sessions when
I'm asking you guys that bring a sleeping bag because we're actually
going to go through the entire 24 hour.
No, I'm just kidding.
No, this is just one of those days where I got caught in, I don't know, one of
those days where I get caught up into it.
I don't know why any of you will be complaining about how
much time you're spending here.
You're learning a lot of stuff who cares as occasional talks about Bella.
There's no way for me to talk about this.
I mean, even if I sent you a tweet, that would be annoying as hell.
If I had a Twitter account and it kept going off, like every five minutes,
like when I send out a barrage or a rant that would piss me off.
If that was going off every time, just to read 140 characters, I
can't communicate this in a timely fashion, but I can tell you what
should happen over to charge live.
And it's efficient this way.
What makes that strong?
What makes it a struggling point is the folks they want
to see the setups and I get it.
Trust me.
I get that.
They want to see it in chart form because they can't be
in front of the live session.
So they're equating value to this mentorship, to that when I'm telling
them that, send that information to me or that inquiry or concern is that
that's where we are transitioning into.
There will be a lot less of this long-winded discussions, because
you all have already have reference points where I can say, go back to
this day where I talked about this, you know, help me bridge a barrier
that you would have, why I'm doing certain things on Twitter charts only
Mona.
No.
I said, look at the dollar on the left-hand side.
Now we're late in the session, but do you see tops in the
marketplace for them like that?
Not, not, not usually.
Now, when did that close, you know what it feels like that's the time
when you're short and you have your stop rate above that 96 55.
And you break it, you break out the prayer beads.
You will.
Yeah.
You would be taking profit, taking what right now you want to see the expand.
See, they've already spent time in here and we really haven't moved
that much above these highs yet.
That's what I'm saying.
We got to look for expansion because they're going to want to
try to price exiting their loans.
They've accumulated on that run higher.
They, they're not, they're not collapsing while it's down.
Okay.
They, they, they get out as it makes a run higher because we see this
over here and we have a little bit of left of time before we get to 11.
O'clock.
The expectation is we're going to see this thing run through on the left-hand
side, on the dollar index, which frees us up to run to potentially the 32 40.
Here we go.
If the baby, if
it's almost like remote control
in later months, you're going to swear to God that I got control over what
you're seeing happening in your chart.
I'm not showing up yet.
I'm gradually getting used to this stuff before I start really showing off,
um, 30 to 40 is for the 20 PIP stop run, right mentor, uh, 30 to 40 is just
a round number running into the 30 to 44, which is a mean threshold of that
hourly, uh, bear shorter block right now.
We're hitting it.
We hit that level already.
So 30 to 44 has been hit.
And now we're going to see if it runs for the liquidity pool up in this green area.
And if we get a run through, on dollar index through this and get expansion,
now think if it runs through this high, we expect 10 pips, which would
send it to what, 96, 65 or 20 pips.
If it runs that much of a great higher for stops above it, 96 75, which
would give this room to go all the way up here and clear out the equal
highs that we've outlined yesterday.
Uh, I don't know what's coming out in the news.
Um, I, if it's not on an economic calendar with high-impact or related around a
train idea, I don't really watch the news.
I don't care about it or a speech.
I avoid speeches unless it's going to be yelling or joggy, if it's a speech
by anyone else, I could care less.
Yeah.
It might send it up into that area.
32 eighties.
I can put my more lucky day in my log.
Yeah.
Um, a lot of folks are really keyed up about being long-term position traders and
they want to be in the daily timeframe.
Admittedly, I said this in my free tutorials.
I just can't operate like that.
I mean, I can see the price action is not going to outline those moves.
And it gives me an idea directional bias to be trading as a short term
trader, but the whole dose positions relative to the daily timeframe
and trade in that timeframe.
Holy cow, I just, I can't do that, man.
I can't bail out.
Good grief girl.
I can hear some of you right now.
This is so unprofessional.
I'm actually paying for this and this guy's talking to his dog.
She turned a, she turns a year old in two days.
Actually.
I, I see it, but I don't want to acknowledge anyone that's saying they're
making money because I to do that would indicate that I'm running a service
of signals and I'm not doing that.
So I see when you, I mean that stuff, I just don't want to acknowledge it
because it should be just for you.
She's a boxer.
What was my worst trading loss in monetary terms, bad execution, bad trades slippage.
One time event, bank interference is I lost three and a half million
dollars in about oh 45 minutes.
Yeah.
Yeah.
We won't be talking about that one too much.
Without any pain going all over.
It's sucked real bad.
Yeah.
That was the, that one caused the emergency run.
I had to go to emergency room when that one.
Losing my mind.
It was extremely overleveraged and I did something really, really stupid,
completely avoidable.
If he'd listen to everything I'm telling you to do none of those
horrific stories that you'll never have to encounter that stuff.
Uh, what I learned from that mistake was don't look for the maximum payout
in the short span of time, ahead of a interest rate announcement.
That's what I learned.
Don't do that.
It was, yeah, it was a young trade.
Well, it's only, not only that one.
I have another trade where I was managing other people's money and I
had to stop on and FXCM didn't honor the stop and I lost $50,000 of other
people's money and actually had to give them my own money to pay for
that because I didn't want them to.
Number one.
I didn't want them to incur that loss, but I had to break that
business relationship with them and it caused a lot of bad blood.
They didn't lose any money.
I paid for it out of my own pocket because I felt it was the right thing
to do, but they still have animosity because I won't trade for them anymore.
And Dave asked many times and I just don't want to do it because it just
highlighted the fact that, you know, those types of things can happen.
And that type of stuff is why FXCM got a lot of trouble and they were fined.
Um, the question is, is, is it typical for brokers to screw you on your stop?
Well, you're going to find yourself doing that to yourself more than the
broker, because you're gonna be doing the very things that you shouldn't
be doing by placing your stop there.
So what, you're, what you're learning this month by way of looking at trades and
managing the trade, you're going to learn where the best place to have your stop is.
And when is it the right time to move it?
Um, there is actually, um, relative to, uh, her, uh, Periscope.
I think it was by Tom Dante.
He, uh, he said that there's no such thing as a free trade.
There's all kinds of free trades.
I have lots of free trades.
Um, but you gotta get to the point where it becomes.
Um, at initially every trade is a losing trade.
Every single trader is a losing trader in the beginning.
You know, you're you have costs.
They were common.
I don't care if you're trading commission-based or if you're
trading them with a spread, you are starting every trade as a loser.
And how you manage your way out of that.
Losing trade defined you as a profitable trader.
Every one of us are losers.
Not all of us can trade our way out of a losing trade.
The ones that have longevity in this industry make a career out of
turning, losing trades into winners.
The problem is, is everyone believes that their trades a winner, and it can't not be
any other way, but that, so when the idea is that you there's no such thing as a
free trade that's on my optic view because your ideal situation is to pay yourself
and then move your stop to a point at which even if it comes down to hit you,
it can, it can get through your stop.
And that's happened to me before.
So just because you have your stop and you've moved it to break even, there's
no such thing as breakeven there.
That's why when I move, I want to try to price in something I want to
put at least 10 pips in my favor.
Once I collect a portion of the move and I pay myself, I want to be able
to have a little bit of cushion from where I got in it and where the stop is.
So I have about 10 pips is where I'm aiming for.
That's the objective on every trade I want to plus 10 and being open, you know,
open profit, reaching for higher up.
Now, looking at this right here, we have a down candle right there.
So you're going to be watching that one.
If it loses the middle of this candle here, it's going to want to
come, come down to this level here.
And that's not, you don't want to see that because at the time
of day, you don't want that.
You want to see it coming down here, find some support this
down candle and then run again.
And in dollar should be running through this high here, because so far it's only
kissed the top of that, that candle.
And again, that just doesn't happen.
They just run it through there.
Yeah.
There's a lot of stuff in the mentorship.
I could literally do two hour discussion about the things you're
going to learn in the mentorship.
But the only thing it's going to do is create more email questions, more
questions during the presentations.
Can you talk about this?
And can you talk about that?
And it creates a distraction for me, which ends up becoming these types of sessions.
You ended up send me down all these rabbit trails in the night.
Once I get interested in talking, I won't shut up.
You dead pulls a Merc with the mouth and unlike the four extra with the mouth,
once you get me started on, shut up,
my troll will say I have diarrhea of the mouth.
Not always, but generally.
Yeah.
If I wasn't talking.
Imagine if we were just sitting here looking at the charts,
what would, what would you do?
I mean, it's boring.
How could you, how could you be engaged about what it is I'm sharing with you?
Unless I'm talking, I mean, the tr the charts got to move around before
we get to a next level of discussion.
Come on.
Okay.
So right now we cleared the, uh, dollar high.
And now, because we're above it, we should see expansion.
This candle should expand 10 pips.
And then if it gets a run 20 pips
man alive,
this is still a slow market, though.
I hope we get all kinds of volatility with our elections because man,
that'll make our mentorship amazing.
You'll have all kinds of stories to share.
Probably we'll be moving 300 pips a day.
We'll be in there taking 80% of the range.
It'd be awesome.
Awesome.
Yeah.
I personally think that I'm going to just give you a chart on levels of watch
for, um, non-farm payroll going forward.
I don't want to, uh, I don't want to spend too much time over top of that in waste.
Cause there's those days typically I can get into conversation like today
where we're going along long time,
insensitive, straight.
It's a trading day that isn't a trading day for me.
It's just a watch and see what they do with it.
And if it's a know, if it's a big move, great, we use it.
We study it.
We can reflect on what they ran.
Convince herself, you know, with more, more evidence that price isn't random.
It goes to specific reference points relative to institutional order flow.
And by having those examples, even on a high volatility day, it just
indicates, I mean, think about before you started learning all this stuff.
You know, when I used to look at non-farm payroll, I would look at it
and say, what the hell is all this?
And it would look random by all indications, looking at a non-farm
payroll day, typically indicates what randomness, it looks like a carnival ride.
It looks like, you know, what the hell is going on?
You know, what's going on, the one that's coming up, it's going down.
And then it goes right back to the middle.
You know, how do you look at that and say, well, I'm going to be an investor.
It doesn't, it doesn't bode well for wanting to put money into a
market when you see stuff like that.
But when you understand it in the context of what I teach,
they only going to levels.
That makes sense on an institutional basis, they're running stops.
They're going back to fair value or they're pulling it back to equilibrium.
But because there's so much uncertainty about that day, it's not
economical for you as a trader to risk life funds it's as simply as it
ain't worth it, it's not worth it.
Even though there's all kinds of wonderful opportunities, you'll be able to show
after the fact or even demonstrate it, you know, just because you can do that.
And I've shown it this year, I've done it a couple of times a year.
Where I either traded it in a demo, or I showed you a where the market's going to
go beforehand, just because I can do that.
Doesn't mean I'm going to go in here and trade it with live money.
It doesn't make any sense.
I want to have it where it's really loaded in my favor.
And it's just so stupid for getting me not to take a trade on it,
then, you know, that's when I'm in there, but then non-farm payroll.
That's not a day to do that.
Anybody tells you otherwise, you're just there fulls, generally get these
guys the hot shot, Facebook traders, or new traders with demo counts.
And they've never done anything before.
Um, they're like, yeah, well, I'm going to get in there and trade nonfarm payroll.
I'm going to make my bank.
I'm gonna make my Sheta.
You don't know what you're doing.
Get out of here.
Um, I took a trade last week and cable.
It was a London session.
And I say that in honesty, because you asked, but the point is, is I have to
make money outside of what we're doing.
And I'm focusing primarily on the New York session because it allows me a lot
of opportunity and it gives me a lot of context to be able to go back to when
we start in the third month with London setups, I have to take the entire month
off of November in my own trading, because we'll be doing live sessions
with London and I can't do live sessions.
So everything we do in the third month, we'll all be the
only activity you see me do.
And it'll all be demo, but I've been I've, I've taken three trades
this, since the mentorships, uh, started, I've only taken three
trades and they were London sessions.
Um, I'm not sure what you mean by that question, cliff.
Just reword it again, please.
Yeah.
Between all three of them on ended 175 pips,
actually it was a little under 175 pips,
very quick to take a majority of my first profit off.
So it freed me up emotionally and psychologically going
into the New York session.
Some of those setups David that you're asking about were
actually discussed and shown.
Previous charts that I don't want to show you because it, all it does.
Is it revisits the idea that it's hindsight stuff again, and it's not,
I don't want you to think of that.
I mean, we're talking about live events here in CAD before it happens.
I want to focus primarily on this stuff that it's going to happen next.
I don't want you to worry about what I did my money.
That's all hindsight stuff, and you're going to learn all
of the reasons why I did it.
And throughout this entire course, there, we get an expansion
now and the us dollar index.
So we should be free to start seeing an expansion on dollar cat on the right.
Are you asking specifically about this day cliff?
Yeah, that's why we were focusing on this day because it had one event
high-impact at eight 30 for dollar, and we only have one medium impact event for
cat until this time of day right now.
So it makes it easier to pick the direction of where
they're going to reach for the.
And if this is all there, if this is all the happens for the
remainder of the day, this is it.
We made the high today right here, in my opinion.
And I'm biased because I'm the mentor, but I'm telling you that this is
in my opinion, this is a good day.
I mean, the things we outlined, the things that we discussed came to fruition.
And while the gray, I mean the green area above us, that would be the
ultimate objective to see expansion.
If we could get some kind of a run, is that necessary to have made
money today on this dollar cat?
No, it's not necessary.
It's you got 40 pips in this already.
Euro.
I am not touching that thing, man.
Look, I'm just going to say it like this, and then you just watch what happens.
Deutsche bank is in some deep, deep shit.
They are in some real trouble.
We're on Lehman brothers on steroids.
Okay.
So if you, I just can't say it enough.
You gotta be real careful.
You gotta be real, real.
Trading the Euro dollars.
What else?
Referring to being careful.
If you have money in Deutsche bank, you need to get it out.
Let's just say it like that.
And I'm not bullshitting you.
You need to get your money.
Now
they've already tested the withdrawal controls.
Certain accounts were locked out.
They couldn't get their cash out.
Yeah.
Had stocks for dosha bank is DB.
You can see how lovely that market structure has been.
It's been, it's been a nice ski ride down, lower and lower.
I see your comment that bot I I'm going to close it with the discussion on it.
When we do the exercises while we're actually let's do it now, because
you've mentioned a couple of different times, and I don't want you to get
offended by me not talking about it.
Uh, the Aussie dollar last night, for those that were in,
in this session, we'd looked at,
and we'll say this and we'll close the session.
Cause I need to get something to eat and get some medicine in me.
We looked at the Australian dollar.
We had a high-impact news event at eight 30 last night in New York time.
And this trading time of the day is not terribly exciting.
So the delineations of the day is here.
Usually this is, um, for its LTD division of time.
So it's inside of the Asian session.
So nothing terribly exciting about it.
And let me go out to a 15 minute timeframe cause that's
what we were really looking at.
Okay.
So the purpose of the session was, again, what we mentioned this morning, or a
couple of times during this session, this long-winded marathon session of the day.
The, uh, I got to come up with a disclaimer with this one because it's.
Shocking when they see how long this one is before they click on it.
The time of day is during the Asian session.
If you've followed my work, I teach that the agent session is usually
when the accumulation phase of the market, uh, daily range is formed.
So if that's the case, what we're saying is,
and I'm not going to, usually this is a red red line, but you'll have to permit
me some Liberty here, do this with just the blue lines is the bracket that out.
So we have this entire range in here.
Okay.
We were watching price relative to this run-up we highlighted
this bullshit we're block we're inside of the Asian range here.
And the only thing we saw was the market come down.
We identified this level initially that we were going to watch, see if
we're gonna get a response there, the first objective, wasn't going
to watch it close in this range.
If it comes down here, we would look for that.
We ended up getting that right to the PIP.
It came to 76, 19.
Exactly.
Where's that?
Yeah.
76, 19, which is the opening on this camera, which is what
we referenced in the video.
76 19.
And we were looking for a potential run up clear these legal, equal highs,
and maybe even make a run up into here.
That's all I was looking for if it was going to occur at all, but because
of the time of day and the nature of that news release, even though it's
labeled as a high impact news event, time of day included even the divorce
or block the liquidity, void, all those things there, it didn't give
us any willingness to go higher.
They only give us a little minor, a little retracement into a void and that's it.
Battle luck.
Good grief, man.
So if we have, I don't know if you guys can hear that, but
that is absolutely incredible.
She sounds like a man snoring about none of that.
So we had the secondary of what we were looking for.
Yeah.
We'll be glad you can't.
Cause it's noxious.
So we have the down candle price hits that right in here.
Okay.
And then we see all that response going up in this little void.
I don't know the, uh, the unwillingness to get above these highs in here.
I told you focus on the stop would be at, uh, below this, this candle here.
So it would have to be below 75 96.
So your stock minimum would be 75 95.
And I think I hit it right here on this candle.
Not that one.
That's the one that hit it right there.
That's where it got stopped.
So it wasn't a lot of risk on the trade, but the exercise was to
give you a feeling for trading the time of day, where we're a move of
significance should not be forming.
Even having all the ideas and giving all the reasons for why it should reach above
equal highs, why it should run these equal highs here, even though we have
a void, we have a bullish or a block.
If you just trade on those reasons alone, you're going to,
you're going to encounter this.
And here's the thing you're going to encounter this also during the
New York and London session, the trades won't line up with you,
the, the adversities behind this.
Now think about it, take everything.
What we've been talking about the dollar.
Okay.
Not just because of today, but where have we been calling the dollar
specifically?
Where have we been calling the dollar?
96, 55.
So as long as price on the dollar index is below 96, 55.
We are bearish dollar, a bullish dollar.
Okay.
And now what did I say?
Excuse me, what did I say at the beginning of this recording?
Four hours ago, almost if we are bullish dollar, what does that equate
to for foreign currencies that start their parent name with anything
other than the dollar it's bearish.
So even if we can make justifications, even with high-impact news, even with
technical ideas, voids, bull, shorter blocks, clean highs, all that business.
Okay.
It could have done that.
And it's great.
I'd be able to say, okay, this is one time where it worked, but it's
against the ideas that the market should be focusing your attention on.
It's been bullish dollars.
So that means you should be focusing on what foreign currencies shorting them.
Now, if you're new and you watched that exercise last night, and a couple of you
just started your mentor, sit with me.
And you're probably looking at that and saying, well, that was stupid.
It didn't pan out and you're already questioning why you're here.
And that's the reason why I'm telling you, focusing on the exercises, give you
experience so that we can refer back to.
What it is that it feels like when you go against the elements that
we've been talking about every time we talk about the dollar we've
been calling the dollar higher.
So if I'm calling the dollar higher and I'm putting you in
an exercise, that's against that premise, what is your takeaway?
What do you, what's the benefit of doing it as a new trader or someone
they only want to focus on finding productive trades or getting sick.
Those from me, you're going to say it's a waste of your time.
That's what you're feeling.
You're wanting to chase the profitable entries.
And I'm telling you to get to that.
You have to know what it feels like to be doing these types of things and know
why it's not going to pan out for you.
And here's the thing there's going to be times when you have the technicals
in your favor, or do you believe you do?
And when you take the trade, it doesn't pan out, but you have to be able to see
where the trade no longer is viable.
We can break it down, not have to take a full stop frame, the trade on really,
really low risk use, low objectives.
All these things are actually benefiting you in terms of experience.
Some of you are going to say, well, I know what it feels like to lose.
I've done that.
That's why I signed up.
But you have to know what it feels like to do that with a perspective.
That makes sense just because you lost money doesn't mean anything.
I mean, even as a profitable trader consistently over a long period
time, you're still losing money.
You're going to have losing trades, but you gotta be able to differentiate.
When I tell you that it's a set-up.
Symmetrical.
I means the market is designed, uh, in that favor to go lower
because the dollar is bullish.
Now, if we're looking for cells, your anxiety level should immediately drop
your comfort level should immediately, uh, you know, be established that,
okay, look, you know, I'm, I'm, I'm shading in sync with the direction
of the marketplace, not against it.
And there's going to be times when you can trade against the higher timeframe bias
in there going to be a little different, difficult to learn, because he's going
to be some rules that you have to bend.
And that's why those lessons are later in the mentorship.
Because if I start teaching them male, that'll be confusion.
You'll be trying to do everything like you still do right now.
You're all bringing in the free material into your learning here.
And that's a problem you need to go with just this small little modular,
skip steps, looking at the daily timeframe, which is why I purposely
did not take you to last night.
When we went into this chart, did I show you a daily chart?
You didn't see one time, a daily chart on this at all.
You saw the 15 minute timeframe, that's it.
And I'm trying to show you by forcing these ideas, even if it's order blocks,
if it's liquidity, voids, if it's equal highs and, uh, uh, uh, run on
liquidity, all those things you can justify it you'll make it happen.
You'll see it in a chart.
You will find it.
If you torture it on.
You'll find optimal train entries.
You'll find discounts.
You'll find all that stuff.
But the lesson is, we've been talking about the dollar going higher.
It's candid.
It's been obvious.
We talked about the cable going into oblivion.
I'll use the word you guys gave me into the abyss.
We had nothing underneath us.
So the context is okay, do you want to be a buyer in dollar Aussie dollar?
Even if the technicals line up, that's the benefit of these exercises.
I want you to feel that.
So the answer, your, your question, you you've made this several
times a bit, bot is it's not making any sense and that's right.
It's absolutely right.
And it shouldn't make sense to be a buyer you've been doing a little bit long.
You probably had more experience using the tools, but for those that have
not, it's important for them to get in here and engage that, see what happens.
And if it would have panned out with the 76 35, I would have been
in here today telling you know, this is still one of those times where
it worked, but it's not a good trade to trade because here's the reason
why these are the reasons behind it.
If we've got to a daily chart, you're going to see that this is all.
Now I'm doing this right now.
I'm doing it to show you why it wasn't a good trade.
Okay.
So I'm going to use the benefit of hindsight, but I'm gonna tell you before.
We've already had institutional order flow.
That was bearish on the daily chart relative to the Aussie dollar.
And we were coming off of a bearish shorter block.
So I'm going to highlight this little area in here,
all this little price action right there.
That's what we were studying more specifically right in here.
So let me do that right about there and would take this off cause we don't need it
or that now watch what happens when you go into a daily chart,
you're going to see suddenly it's going to make incredible sense.
Why that would have been dumb move, but more focusing on being short
because we were bullish dollar.
We were focusing right in here.
Okay.
But what happened here?
We were demanding price to get up to 76 35.
Right.
But what, what did price already do here relative to this candle?
What's that green candle I'm highlighting right now.
Right here.
What is that?
It already hit the bear shorter block.
So what timeframe is on your chart right now?
I'm showing you, what is this?
The daily.
So what has more precedence over price action, the daily timeframe in the
order flow that's established on this timeframe or the 15 minute timeframe
where I can draw all kinds of lipstick on the chart and show you optimal
trade entries, discounts, liquidity, voids, all that stuff, and you'll force
the trade and never see what is more important, which is the higher timeframe.
So what's the takeaway from that exercise
just because there's all these elements.
And I outlined it.
I justified everything in that thing, showing you every possible
scenario to warrant along
completely isolating your perspective away from the daily timeframe,
knowing this
great to hear starts the bear shorter block.
Okay.
So if price hits it on this candle right there, Where would you reasonably
expect price to go down from if it's going to go down, if it goes up to
that level in your seller, relative to the bullishness we have had on
dollar, what would you easily make?
Don't try to look at this candle right now.
Focus.
Primarily.
If you were looking at that, what would you be looking for?
Give me a, give me a price.
Wouldn't it be reasonable to expect it, to reach below this low here?
I mean, is this not a swing low?
What would be resting below that low?
So in this little shaded area.
Okay.
That's why I go overboard and I run my mouth about this stuff.
The point of these exercises are to show you a contrast between, okay,
I'm going to say this with every bit of respect, because I'm not trying
to offend you, but I need you to pay attention to the obvious this morning,
we outlined the U S dollar CAD.
We outlined the dollar index.
I explained to you what was going on in clear terms.
I did not give you that level of discernment with
the Aussie dollar last night.
I only gave you the 15 minute time.
And I gave you a reason to study it because of the economic calendar.
It had a high impact news event, but I'm trying to show you in contrast.
And if you can't get this, it's going to be a repeating theme with you.
I'm doing a great service by doing this.
So don't look at this one event and say, just because you took it as
a trade, which I told you not to do, I told you it was an exercise.
So if you took it as a long trade, that was you didn't listen.
Okay.
So I understand that, but you need to understand that what we're doing
is I'm showing you in contrast to when the probabilities are highly in
your favor using the hard timeframe.
Okay.
When we do other examples in usually in the New York session, everything you're
hearing me talk about, that's highly specific and then you see it unfold.
It's I understand, I understand that, but you just signed whole, you just
signed a one and if you go through all the material in September, you'll see
that we don't miss on a daily basis.
It wasn't a fluke today's example.
Wasn't just one time.
So using this level, this would be a bare shoulder block, and this would be the
next area, liquidity resting below here.
So.
In this area here, we wouldn't be more inclined to do.
What,
what do you see different now, knowing what we just disclosed?
This was the bear shorter block up here.
It traded up into daily.
Okay.
Then you want to see what price make an impulse swing lower.
Right then price comes back up, closes in it's Boyd right in
here creates another impulse leg.
Lower comes back up, runs the stops.
Now here I outlined this last night as a break in market
structure on a 15 minute timeframe.
It is,
but on the higher timeframe, we're inside of a cell.
It's all being rolled over for cell.
And now knowing that now this is the part that makes it sound like maybe PIP stays.
It's all hindsight.
And of course, I'm going to sound like I'm perfectly, right, because it's
all behind the fact, but I'm going to counsel you to pay attention to what
I've been doing on a day-to-day basis.
Every single trading day, we outlined something I'm told you, there's
going to be opportunities where I'm going to give you exercises to go in.
So that way you can feel the contrast of when it's not in your
favor and when it is, it's a bit.
But when you say that it didn't make sense.
It, it that's good that it didn't make sense, but some of you are going
to do what we were doing last night.
And I want you to feel the effects of doing that when you're
not incorporating the higher timeframe institutional or flow.
Now, if you have that in context, now look at it differently.
This is the bear shorter blocks they had traded up into.
So you used to see institutional selling price rallies back up to what
the middle of the up candle mean.
Threshold sells off.
It creates a range in here.
Okay?
Price comes back up bottom of this candle here, run some stops.
This is not a market structure break.
It's just a run-on stops for anyone.
That's trailing them.
Be held above these highs, these equal highs.
The mind, mind you, the market trades down comes back up trades right back
into the middle of the up candle trades.
Lower comes back up.
Bear shorter block recapitalize trades lower comes back up.
Retraces middle of the up candle sells off.
Again, comes back up bears on order block sells again, comes back up.
It's the bottoming up candle sells again, comes back up, gets
the bottom of the candle sells.
It comes back up, hits the bottom of the up candle sells off again.
You see the difference?
What don't you see the difference in
of course, I was trying to make the case on the entire trade on
just only a 15 minute timeframe.
That's the point.
That's not what you do.
They don't want to do that.
You want to have a higher timeframe chart, dictate your trade.
That's the difference of what you see me doing on a day-to-day
basis in New York sessions, we always incorporate the daily chart.
Last night.
I purposely did not do that.
Why is four runs lower like this bullish?
Well, in other term, it can be, it can, it can be, that can be a bullish environment.
Cause it's a run-on stops here, here, here, and here.
But it doesn't necessarily mean it's going to be a change in direction.
So, what would you want to see on the 15 minute timeframe within a four-hour block?
If you stayed with the 15 minutes, but was looking for support.
Are we talking about the Aussie dollar here?
Angela,
what would I be looking?
Well, the things I just outlined, all the things that were we told you to
focus on in September is content candle.
Before the down move.
Every time it came back to this up candles, there was more distribution in
this blue line, you would be waiting for price to gravitate and go down below that.
The point is is if you only look at a 15 minute timeframe, okay, go, go back.
Even go back to my free tutorial stuff.
You don't want to frame your trade relative to just a intraday chart,
less than an hourly basis to do that.
It's too myopic of a view.
You can't see institutional order flow.
I want a 15 or five minute chart.
It's unless you have referenced the higher timeframe chart, I purposely
kept you off of the daily chart last.
Don't cause the point is, is I'm not trying to convince
you that that was a goodbye.
I was teaching that, that, that is one way that you're going to get yourself
in trouble by forcing the perspective of all the tools and concepts.
Only on a short-term 15 minute timeframe, you can't do that.
You got to have a higher timeframe, preferably a daily or four hour,
give you the context of why you're trading the way you're trading in what
direction and an awful what level.
So your act and your you're in the right position for you to challenge that thing.
It didn't make sense, but most of the folks that are in here
don't have that discernment yet.
And the only way they get that is by seeing it in contrast, that's
the benefit of pro of doing it.
That's the purpose of the exercises.
So if you're at odds, okay, if you're at odds with why I did it,
that's exactly how you should feel.
But for those that are watching, they need to be taken to that point and said,
okay, I can see that I can justify that because you're going to do that too.
You're going to do all those types of.
But you're going to force a trade idea on a smaller timeframe interval,
like a 15 minute or a five minutes.
And there's no basis to those trades relative to a hard
timeframe, which is necessary.
You have to have that otherwise, you know, you're guessing, and you can make anything
look like a buyer sell even with my tools.
But when you use a hard timeframe chart and you use it in the proper
context, you get what we've been doing every single day in the New York
session with almost uncanny accuracy.
Does that make more sense now that bot
this, understand what you're feeling is exactly what you're supposed to feel, but
you gotta, you got to permit me time in the first couple of months to give these
illustrations to those individuals that don't have that experience yet, because I
can't communicate it effectively with just a static chart or a hindsight example.
They got to see it.
They got to go through the process and physically be engaged in it.
Like when I talked about it, there was 200 and some people in there
last night and 200, some people that watched it watch me do.
Well, that's why the, the live sessions are beneficial as well, because
you see me doing more of it in an accurate capacity than this type of
stuff, because I'm actually using all the tools in the uniform way.
It's not cherry picking hindsight explanations it's to teach
it's okay.
You trust me.
You'll, you'll learn more from, from the things like that than
you will with the good trades.
You're not going to learn anything except for expecting to be spoonfed.
And I'm want you to understand how to go into it yourself and
the pitfalls you're going to have.
And this is one of the things I screw up on as a trader, I would go in and
give my reasons for buying or selling solely on the basis of a intraday chart.
And I was using five minute charts, not a 15 minute chart.
So hopefully that's answered your inquiry.
If it hasn't satisfied.
I certainly apologize for that, but it's meant to give you the contrast
and not knowing, you know, not knowing what the daily timeframes
are suggesting in terms of the.
That's going to be an impediment on your trade, painting out profitably.
All right, there you go.
Um, hi, come in at 32 49.
So we got five pips above the level we were aiming for here.
We didn't get the, uh, upside expansion here still might happen.
Might make nonfarm payrolls objective tomorrow.
Who knows?
Um, that's something to watch for tomorrow.
We had a long, long session today.
Uh, you learned, I'm not sure what you learned, but I got a
lot off my chest to say that, uh,
it took a long time for that little bit of movement on us CAD, but
that's what if we were to do this every single trading day, that's how
much time some of these moves take.
And sometimes there's not going to be enough to talk about.
Um, and sometimes there's going to be a lot of opportunities to talk about.
So I'm going to wish you a very pleasant day.
We've spent, uh, three hours together, right?
It's been three hours, right?
Three hours.
Good grief.
All right, well, let's do this.
Let's cut bait here.
Um, we had, in my opinion, we've had a very profitable day in terms of stuff.
Um, we've had one more opportunity to see the effects of price delivery and
an understanding of why it should go, where it's going relative to time.
And I will catch up with you folks later on this afternoon
with a recap only in chart form.
And in tomorrow, I will ask you all to forgive me for not being
a part of a live broadcast.
And I'll just send you some charts if he could.
Let me say my voice and then I'll give you something over the
weekend going into next week.
So look ahead.
Okay.
Awesome.
Thank you very much.
And, uh, he stayed the entire time.
Awesome.
You got the Ironman certificate.
We're gonna, uh, we'll touch base again through Twitter on charts.
Have a good day.
Good luck and good trading.
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