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This candle here.
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It's opening is 1 30, 180 7.
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That's what's being highlighted here.
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IPTA will drop down below that price.
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Now it's going to be slightly
different because everyone's
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going to have a little bit,
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is that better?
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Can you see a little bit
better now on the dollar?
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If I, if I go, I going one more.
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Don't give you much to look at.
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That's just not enough to look at.
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Uh, you can see it now, what level it is.
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It's 96, 55, but I'm going to back
out because I needed to, I need to
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see the expansion or the lack thereof.
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So when we're studying into the
opening price at midnight, which is
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four GMT on this platform or Forex
LTD, the, the level you want to
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be watching is that opening price.
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So if you're bullish, what is power
three in the, that, below that
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opening price, they should be buying.
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So when price drops down
here like this in London,
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what's going to happen.
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When price goes down below
that in London, timeframe
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buying price goes up a
little bit, comes back down.
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What time of day is this
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with time of day?
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Is this right?
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New York.
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So it's waited for news.
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It's weighted for the dollar.
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It starts spreading its wings
higher going to run higher.
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So we're back below that opening price.
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Again, was there buying occurring below
that opening price set at midnight?
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That's what I'm answering right now.
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Cliff cliff asking how do we, how do
we know if we're going to be bullish?
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I'm giving you those definitions.
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Now.
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That's why I'm explaining to you.
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We didn't look for a cell this morning.
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We're looking primarily to be a buyer
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based on the fact that the
dollar wants to go higher.
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Right?
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I mean, we, we identify that 96, 55
level on the daily timeframe, correct?
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Okay.
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So if we're going to see the
dollar daily chart potentially
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go up into 96, 55, there's a
little bit of room still to go up.
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Dollar cat has not shown a willingness
to take out its London low.
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It respected the bullish or block,
even though it went down below
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the mean threshold it's focusing
primarily on this opening price here.
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So when we're watching the opening
price set at midnight, New York time,
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we're basically waiting to see, is there
a willingness to get down below that
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opening price during specifically London?
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That's how you trade London setups
when we're trading New York setups.
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And if price comes back down
below the opening price again, and
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we're in a range-bound profile.
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Excellent.
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Let me see.
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Let me see if I can pull up.
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Hang on one second.
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Right now I pause the presentation.
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I don't know what it looks like.
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Does it still show the charts?
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Just not moving?
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Okay.
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I'm going to pull up a
profile and I want you to see.
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See if I can find it here.
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All right.
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Let's see if this shows up.
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Yeah.
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There's a picture of me and my underwear.
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I apologize.
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I grabbed the wrong photo.
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All right.
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The, uh, what we're looking at here is
this is the potential market profile
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that we're we're trading under.
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Okay.
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We have the opening price.
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The market is going sideways,
back and forth, up and down,
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up and down, up and down.
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And now between New York and
London close now, what does that.
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New York session begins between seven
o'clock in the morning, New York time.
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And the signal generally forms
between eight o'clock in the
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morning and eight 30 in the morning.
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So have that in your notes.
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Okay.
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So if we see the market consolidating
like this and indications are
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that there's probably going to
be bullishness on the dollar.
87
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So if we're going to be seeing
bullishness on the dollar, there's
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going to be a draw on higher prices
for dollar based currencies that
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start with their name with the dollar.
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That means dollar swissy
dollar Yan dollar cat.
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Now, why are we looking
at dollar cab today?
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Because it had building permits coming
at eight 30 and we had high impact
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news with unemployment numbers with
the dollar itself at eight 30 as well.
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So we've had consolidation up into
this point and we're still seeing
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dollar was spread its wings go higher.
96
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Okay.
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Reach for that.
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96 55 96, 60 level relative to those
equal highs on the daily chart.
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Remember that's like a big
magnet sitting up there.
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So what we were expecting
to see is we want to see the
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range expand after New York.
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So that's why this profile
is drawn out like this.
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And my thinking is, is this is what
we're probably going to see unfold.
104
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Now, if New York session goes through
this whole process of going slow,
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what would make it a London closed?
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10 o'clock news release.
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Exactly.
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Very good.
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If you have news at 10 o'clock,
that's generally what you'll
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see the market expand then.
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So when I gave you these
profiles in the free stuff, okay.
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The, the idea is don't just look
at and say, well, that's neat.
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You know, I, it doesn't
mean anything to me.
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No, you have to study it and you have to
take every single trading day that you
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see in charts, logged them and define them
in terms of the profiles that I gave you.
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And you'll see how, how very
repeating, uh, the nature of how
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they repeat themselves and how easy
they are really to, to classify
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and see the warning signs ahead.
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If the dollars bullish your, your dollar
pairs are going to look like this.
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Okay.
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00:07:59,555 --> 00:08:05,615
If, if we've already blew out an
initial high, like we did this morning,
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00:08:05,945 --> 00:08:08,525
so they're going to wait and see,
is there any more significance go
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00:08:08,525 --> 00:08:12,544
higher and then you'll see this late
New York or late London close rally.
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Does that make sense?
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I know it seems it's if I know for
some of you that are new, this seems
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so vague and it seems so fragmented.
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It you're asking, I need
to know a step-by-step.
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00:08:31,125 --> 00:08:34,005
Believe it or not, you are learning
a step-by-step, but I have to
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give you the pieces individually.
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So that way, when I give you the entire
plan of you do this, this, and this,
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you understand what you're going to be
doing because each, each process okay.
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Needs to be understood intimately.
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Otherwise you're not going
to be successful with it.
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And that's my goal.
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00:08:49,665 --> 00:08:52,185
I want you to be very, very profitable.
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00:08:52,425 --> 00:08:52,785
Okay.
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00:08:53,985 --> 00:08:58,155
Uh, the last month of the mentorship,
you actually get my, uh, PDF files
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00:08:58,185 --> 00:09:02,925
that tells you exactly what to do
from beginning to end step by step.
139
00:09:02,955 --> 00:09:08,495
When the weight where you stop and pause
what it's like a flow chart, and you get
140
00:09:08,505 --> 00:09:16,035
it for swing trading, you get it for mega
trades, you get it for scalping and you
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00:09:16,035 --> 00:09:22,575
get it for one shot, one kill setups, but
it's not going to do you any good without
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00:09:22,575 --> 00:09:25,694
having an understanding of seeing these
things over the course of several months,
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00:09:26,415 --> 00:09:28,485
outlining it in defining what it means.
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00:09:28,515 --> 00:09:28,785
Okay.
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00:09:28,785 --> 00:09:32,955
So again, I could literally put it on
the internet right now and it won't
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00:09:32,985 --> 00:09:36,944
do you any good because there's terms
that won't be understood, there's
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00:09:36,944 --> 00:09:41,595
going to be specific reference points
and it's not going to help you because
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00:09:41,595 --> 00:09:42,525
you're like, well, what is this?
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00:09:43,575 --> 00:09:45,735
It's, it's not, you got
to learn some things still
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00:09:52,064 --> 00:09:52,515
believe me.
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00:09:52,515 --> 00:09:55,605
If there was a way for me to do it
in less than 12 months, I will do it.
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00:09:56,025 --> 00:09:57,585
It's a lot of time invested.
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00:10:03,105 --> 00:10:03,314
All right.
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00:10:03,314 --> 00:10:05,084
You should be seeing the charts again.
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00:10:08,135 --> 00:10:08,464
Thank you.
156
00:10:08,464 --> 00:10:09,245
Appreciate that.
157
00:10:12,515 --> 00:10:15,245
So, uh, IFTA, what is, if though
158
00:10:34,704 --> 00:10:39,625
it's the interbank price
delivery algorithm?
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00:10:41,064 --> 00:10:42,385
Do you need me to spell that for you?
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00:10:42,385 --> 00:10:43,344
Send it out in the, uh,
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okay.
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Is the interbank price
delivery, algo rhythm.
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00:11:13,275 --> 00:11:13,845
You see it?
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00:11:15,015 --> 00:11:17,745
I should have sent it to everyone and
you should be seeing it as a response.
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00:11:19,454 --> 00:11:22,395
That's what separates the people that
say they know what they're talking
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00:11:22,395 --> 00:11:26,385
about and they work at the bank and
then the people that know what I knew.
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00:11:30,995 --> 00:11:35,765
That your understanding of that gives
you the ability to do what you see me
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00:11:35,765 --> 00:11:42,365
doing on a daily basis by calling the
market and knowing why it should go there.
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00:11:46,125 --> 00:11:47,084
It's still like this then
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it's my, it's my Maryland slang
in, uh, my, what do you call it?
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00:12:00,834 --> 00:12:01,285
Accent.
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00:12:01,795 --> 00:12:02,905
It's my Maryland accent.
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00:12:02,905 --> 00:12:03,685
It sounds like that
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00:12:09,025 --> 00:12:13,645
sometimes I don't speak
English as well as I should.
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00:12:14,035 --> 00:12:16,464
That's why I like you
folks over there in the UK.
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If I could speak like you I'd love it.
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I just can't get myself to do it.
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If the is interbank
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price delivery algo.
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Okay.
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00:12:50,785 --> 00:12:51,355
You see that?
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00:12:52,165 --> 00:12:52,915
Can you see it on the chart?
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There you go.
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So that's, that's what I'm teaching
you to understand what it does.
185
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Okay.
186
00:13:06,385 --> 00:13:10,855
Now there's a lot of holes that I've
not been able to bridge and there's
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00:13:10,855 --> 00:13:15,204
no secret sauce later on in the meat,
in this mentorship there, I'm going
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00:13:15,204 --> 00:13:19,885
to admittedly tell you where the
pockets are still for me, but when
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I learned what this is here, okay.
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00:13:24,324 --> 00:13:27,714
And what it does on a daily day
basis, once I understood what it
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00:13:27,714 --> 00:13:34,824
was doing and how it efficiently
allows the banking orders to come in.
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00:13:36,355 --> 00:13:39,625
When we see price delivered
by way of this algorithm.
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00:13:40,045 --> 00:13:43,824
Now it's not an algorithm like
it's, it's, it's like a fad name.
194
00:13:44,185 --> 00:13:47,214
You know, everybody says, well, I
work at a prop shop or I'm going to
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00:13:47,214 --> 00:13:52,194
work at a prop shop, or I'm working at
this, uh, XYZ company, or I'm going to
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00:13:52,194 --> 00:13:54,645
work for this, uh, this trading firm.
197
00:13:54,745 --> 00:13:58,135
And we got our own little
algorithm and it's your algorithm.
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00:13:58,135 --> 00:13:59,245
Doesn't do shit.
199
00:13:59,964 --> 00:14:00,805
It doesn't do anything.
200
00:14:01,194 --> 00:14:01,464
Okay.
201
00:14:01,464 --> 00:14:03,895
It doesn't do anything
to push price around.
202
00:14:04,795 --> 00:14:10,974
I'm telling you what makes the
bank price, these currency pairs.
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00:14:11,395 --> 00:14:15,625
When they go to these levels,
it's designed, it's all
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00:14:15,685 --> 00:14:17,155
artificially intelligent.
205
00:14:17,185 --> 00:14:19,105
It's it's, it's completely.
206
00:14:20,100 --> 00:14:24,750
Completely dissociated from
any human involvement anymore.
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00:14:24,780 --> 00:14:27,959
It's completely and utterly
driven electronically.
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00:14:27,959 --> 00:14:33,270
Now, before in the early days, it
would completely be ran by men.
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00:14:33,579 --> 00:14:37,319
We would see them manipulate
price and do it mechanically.
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00:14:37,410 --> 00:14:37,860
Okay.
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00:14:38,280 --> 00:14:45,510
Manually now because of efficiency,
because of efficiency, you're seeing how
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00:14:45,990 --> 00:14:50,640
it just does its own thing every single
day, without any intervention at all.
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00:14:51,090 --> 00:14:59,460
On the fact of humans, the central
banks have gotten so sophisticated that
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00:14:59,460 --> 00:15:06,000
the price engines that they use now,
there's a lot of so-called theory about
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00:15:06,540 --> 00:15:08,370
how price does this and does that.
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00:15:08,880 --> 00:15:11,550
And for the most part,
it's all full of shit.
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They don't make any
sense and it's not true.
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00:15:14,160 --> 00:15:15,240
It's absolutely not true.
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00:15:15,870 --> 00:15:20,819
So if I don't know what I'm talking
about, I would not be able to do
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what I do every single trading day.
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00:15:22,800 --> 00:15:26,189
I tell you every single trading day,
what the market's most likely going
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00:15:26,189 --> 00:15:28,110
to do, and it goes many times, right?
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00:15:28,110 --> 00:15:33,180
To the PIP that can't be justified by
any other explanation, except for the
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fact that I understand what makes price
go, where it's going to go before it
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00:15:36,210 --> 00:15:43,079
doesn't and it's not going to be leaning
on or founded on anything apart from
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00:15:43,530 --> 00:15:45,449
the interbank price delivery algorithm.
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00:15:50,300 --> 00:15:55,339
I can't, I can't tell you who
told me to do how to do this.
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00:15:55,640 --> 00:15:58,910
I can just tell you the folks
that introduced me to it.
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Okay.
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00:16:00,199 --> 00:16:05,020
Didn't sit me down and say, okay, um,
this is what's going to happen to mark is
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00:16:05,020 --> 00:16:09,230
going to do this and this and this, the
fact that I saw what was being expected
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00:16:10,459 --> 00:16:12,980
in that room and how that operate in it.
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00:16:14,030 --> 00:16:18,140
What I saw in my own personal price
charts, I bridged that two together.
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00:16:19,280 --> 00:16:25,010
So while there is no market sitting
down with me at lunch, over tea, okay.
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00:16:25,010 --> 00:16:26,510
And telling me, Hey, this is how to do it.
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00:16:27,589 --> 00:16:36,589
Um, it was a matter of me being pro uh,
pro up poked and prodded to go into that
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00:16:36,589 --> 00:16:40,430
industry and learn how to do that stuff.
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00:16:40,430 --> 00:16:44,030
That, that goes on that I can't talk about
yet, because you haven't signed anything.
239
00:16:44,660 --> 00:16:53,170
But when we do, when we do talk
about it, you'll hear, um, yes.
240
00:16:53,230 --> 00:16:54,370
And you know who I'm talking to.
241
00:16:54,370 --> 00:16:57,280
And I, and I'm going to get all kinds of
flack for that, but just understand that
242
00:16:57,280 --> 00:16:58,930
I can't talk about certain things yet.
243
00:17:00,370 --> 00:17:04,300
So, but I can tell you that
the markets are absolutely 100%
244
00:17:04,300 --> 00:17:06,639
manipulated to the pit, to the pit.
245
00:17:07,329 --> 00:17:11,170
And if you understand what I'm
going to teach you over the course
246
00:17:11,170 --> 00:17:14,710
of the remaining months here,
you'll get these understandings.
247
00:17:16,480 --> 00:17:19,750
It's not, it's not going to be
so hard for you to learn it, but
248
00:17:19,750 --> 00:17:23,980
it's going to be, it's going to
be some tinfoil hat discussions.
249
00:17:25,040 --> 00:17:28,210
I mean, you gotta, you gotta accept
that because that's really what it is.
250
00:17:33,610 --> 00:17:37,240
The, uh, yeah.
251
00:17:37,570 --> 00:17:41,500
The main thing is you're
learning what makes the algorithm
252
00:17:41,500 --> 00:17:43,060
print the price that we see.
253
00:17:43,540 --> 00:17:49,000
So if you see that, okay, if you see the
signs that it wants to do, what it's doing
254
00:17:49,449 --> 00:17:55,889
once the algorithm starts doing its next,
um, repricing, the beautiful thing is,
255
00:17:55,889 --> 00:18:03,580
is that there's such a hard, uh, well,
it's, it's a very strong probability.
256
00:18:03,879 --> 00:18:06,429
What you think may occur will happen.
257
00:18:06,970 --> 00:18:11,409
And it's almost like a self fulfilling
prophecy because once you see the
258
00:18:11,409 --> 00:18:16,179
algorithm turn gears and it's moving to
a specific price level and I'm teaching
259
00:18:16,179 --> 00:18:19,360
you how to do it, I've already really gave
you all the price points that you're going
260
00:18:19,360 --> 00:18:21,370
to focus on for the entire 12 months.
261
00:18:22,240 --> 00:18:25,270
Everything I told you, what you're
going to focus on, all we're going
262
00:18:25,270 --> 00:18:29,679
to do is amplify all the conditions
that help you use those individual
263
00:18:30,220 --> 00:18:33,970
institutional reference points, liquidity
pools, liquidity voids, fair value.
264
00:18:33,970 --> 00:18:36,879
When you use the top of the candle, when
you use the middle of the candle, all of
265
00:18:36,879 --> 00:18:42,040
those things are the specifics that you
have to learn with individual investors.
266
00:18:43,125 --> 00:18:45,465
And what's going to happen is,
is this is what I mean by this.
267
00:18:46,064 --> 00:18:52,215
If you know one of those conditions and
you, and you see it, the first one you
268
00:18:52,215 --> 00:18:56,294
see and you understand how it forms in
the chart, I'm telling you, that's going
269
00:18:56,294 --> 00:18:57,554
to be your bread and butter set up.
270
00:18:57,614 --> 00:18:59,625
It just that's the way it ends
up happening all the time.
271
00:19:00,014 --> 00:19:01,304
All the time, it happens that way.
272
00:19:01,725 --> 00:19:04,574
Every person that's ever paid
me to do this and teach them.
273
00:19:04,965 --> 00:19:07,875
They've all, all came to one trade.
274
00:19:07,935 --> 00:19:09,254
That was the first one they seen.
275
00:19:09,554 --> 00:19:11,175
And they, and that's the
one they make money on.
276
00:19:11,324 --> 00:19:12,344
They that's all they do.
277
00:19:12,344 --> 00:19:13,455
They focus primarily on it.
278
00:19:13,814 --> 00:19:17,264
They tinker with the other ones just
to practice and understand the algo
279
00:19:17,264 --> 00:19:20,955
better, but they're making their living
and making their money, running their
280
00:19:20,955 --> 00:19:23,084
business, or their prop firm trading.
281
00:19:23,084 --> 00:19:25,844
They're teaching their traders,
how to trade all that stuff.
282
00:19:26,054 --> 00:19:31,905
They're leaning on that one set
up, but it's all based on Ellipta.
283
00:19:33,564 --> 00:19:38,245
Once you understand the delivery
of price and why it's doing what
284
00:19:38,245 --> 00:19:41,245
it's going to do, there's no fear.
285
00:19:41,425 --> 00:19:42,564
You won't worry about it.
286
00:19:42,564 --> 00:19:44,064
You're not going to have any anxiety.
287
00:19:44,064 --> 00:19:46,435
You're not going to be concerned
about whether you're not you're
288
00:19:46,435 --> 00:19:48,564
going to make money or lose money,
or are you going to miss a trade?
289
00:19:48,925 --> 00:19:49,435
Who cares?
290
00:19:56,004 --> 00:19:56,784
That's a good question.
291
00:19:56,844 --> 00:20:04,804
Um, can we say that the us dollar index
swept the equal highs now for two pips?
292
00:20:05,165 --> 00:20:06,485
Uh, th that would be a sweet.
293
00:20:07,410 --> 00:20:10,470
Um, but it's really just
a probing of that level.
294
00:20:10,890 --> 00:20:11,550
I would expect.
295
00:20:11,580 --> 00:20:15,240
Cause look at the time right
now it's only 9 27, 9 28.
296
00:20:15,240 --> 00:20:17,280
Now what's about to happen in two minutes.
297
00:20:18,690 --> 00:20:21,360
What other reference point do we have to
consider ourselves with around this time?
298
00:20:25,470 --> 00:20:26,880
Yeah, you're not gonna find anything.
299
00:20:27,830 --> 00:20:30,570
I got a couple people telling me
they Googling IPTA you're not going
300
00:20:30,570 --> 00:20:33,540
to find if the, you only heard about
that because you paid to be here and
301
00:20:33,540 --> 00:20:36,300
I don't want you talking about it as
a, don't be putting it on Twitter.
302
00:20:36,600 --> 00:20:40,560
Don't be putting it on, uh, you know, if
you have YouTube channels and you're doing
303
00:20:40,560 --> 00:20:42,060
videos, don't be talking about this stuff.
304
00:20:47,170 --> 00:20:49,000
You have equities opening
in about a minute.
305
00:20:49,390 --> 00:20:49,780
Okay.
306
00:20:50,200 --> 00:20:52,210
So we may see range expansion after that.
307
00:20:54,420 --> 00:20:59,370
And it may drive through if we're
looking for price to go to like equal
308
00:20:59,370 --> 00:21:00,660
highs like that on a daily chart.
309
00:21:01,140 --> 00:21:04,470
Um, many times it won't just go
to that level just a little bit.
310
00:21:04,470 --> 00:21:07,830
It will, it'll want to dry through
that, because think if it's a
311
00:21:07,830 --> 00:21:13,050
daily chart that we referenced this
level, 96, 55, that's a daily chart.
312
00:21:13,590 --> 00:21:15,870
So orders are going to be
a little bit above that.
313
00:21:15,900 --> 00:21:16,320
Aren't they?
314
00:21:16,380 --> 00:21:19,200
I mean, it would be safe to assume
that there's more orders above
315
00:21:19,200 --> 00:21:20,430
that then just right at that level.
316
00:21:20,430 --> 00:21:20,820
Correct.
317
00:21:25,830 --> 00:21:28,110
So what we're going to
do is run a combine.
318
00:21:28,680 --> 00:21:29,160
Okay.
319
00:21:29,550 --> 00:21:30,900
Combined time of day.
320
00:21:32,185 --> 00:21:33,355
Think about that battery life.
321
00:21:33,385 --> 00:21:33,745
Okay.
322
00:21:34,315 --> 00:21:36,565
The trading days, like
your cell phone battery.
323
00:21:36,655 --> 00:21:36,925
Okay.
324
00:21:36,925 --> 00:21:38,545
A little bar up in the
upper right-hand corner.
325
00:21:38,875 --> 00:21:40,375
You, how much of that batteries left?
326
00:21:40,645 --> 00:21:43,315
We have a little bit, we've
got about 30 minutes, maybe 90
327
00:21:43,315 --> 00:21:44,575
minutes left of the trading day.
328
00:21:44,995 --> 00:21:47,695
So it could expand a little bit more.
329
00:21:47,695 --> 00:21:49,195
Plus we have news at 10 o'clock.
330
00:21:49,705 --> 00:21:51,325
So what does that do for our time of day?
331
00:21:52,105 --> 00:21:53,185
It extends it doesn't it.
332
00:21:59,855 --> 00:22:04,025
So while 10 o'clock to 11 o'clock in the
morning, when you have one sided flows
333
00:22:04,025 --> 00:22:07,505
from London, that means if it's a bullish
day, you want to be looking to take your
334
00:22:07,505 --> 00:22:10,655
profits near the high today, forming in
between 10 o'clock in the morning and 11
335
00:22:10,655 --> 00:22:12,485
o'clock in the morning, New York time.
336
00:22:13,925 --> 00:22:17,975
If you have news at 10 o'clock or 10
30 in that hour, between 10 and 11
337
00:22:17,975 --> 00:22:24,095
o'clock New York time, that's going
to extend that, that time effect of
338
00:22:24,425 --> 00:22:30,335
profit taking it will make the daily
high, maybe beyond noon, New York time.
339
00:22:30,935 --> 00:22:31,175
Okay.
340
00:22:31,175 --> 00:22:33,155
So you have to allow for that.
341
00:22:33,425 --> 00:22:37,745
If there's no 10 o'clock or 10 30 news
event or 11 o'clock, if sometimes it
342
00:22:37,745 --> 00:22:43,715
comes out, then you always take profits
at the 10 to 11 o'clock in the morning,
343
00:22:43,715 --> 00:22:45,875
our New York time that's a standard.
344
00:22:45,875 --> 00:22:46,385
You just do it.
345
00:23:03,425 --> 00:23:03,725
Okay.
346
00:23:03,725 --> 00:23:06,725
Here's, here's a lot of repeating
questions too, that I get
347
00:23:06,725 --> 00:23:07,775
and it's happening here now.
348
00:23:07,805 --> 00:23:11,375
And I get an email folks will say, okay.
349
00:23:11,495 --> 00:23:18,155
Um, if I look at this daily high, that
96, 55 level relative to those equal
350
00:23:18,155 --> 00:23:25,895
highs, the question is okay, because
you see those equal highs and you
351
00:23:25,895 --> 00:23:28,445
see those buy stops getting ran down.
352
00:23:28,805 --> 00:23:32,465
Is that not a short, are
we selling right now?
353
00:23:32,495 --> 00:23:33,575
Are we looking for a cell?
354
00:23:35,165 --> 00:23:36,095
Put a number one?
355
00:23:36,425 --> 00:23:41,065
That's what you're thinking, or if
ever thought that no other words.
356
00:23:41,065 --> 00:23:45,775
If we see equal highs and the market
runs up there, is that a cell?
357
00:23:45,985 --> 00:23:47,305
Do you think that that's what that means?
358
00:23:51,085 --> 00:23:52,045
Sometimes it is.
359
00:23:53,545 --> 00:23:56,575
That's part of why we got to
do these exercises and give
360
00:23:56,575 --> 00:23:59,035
yourself time to see examples.
361
00:23:59,605 --> 00:24:00,625
But I look at it.
362
00:24:00,715 --> 00:24:03,805
In other words, if we're below those
levels, if we're below the equal highs.
363
00:24:04,135 --> 00:24:04,615
Okay.
364
00:24:05,905 --> 00:24:09,025
What, what are those equal
highs going to do for price?
365
00:24:10,195 --> 00:24:12,985
Is it going to repel price or
it's going to draw price up.
366
00:24:16,035 --> 00:24:16,485
Okay.
367
00:24:16,635 --> 00:24:20,925
So now think if we're below those equal
highs, like we have been for the day.
368
00:24:21,885 --> 00:24:22,185
Okay.
369
00:24:22,185 --> 00:24:27,255
And we talked about this area being
potentially used as upside objectives.
370
00:24:28,575 --> 00:24:35,685
That means what is the underlying
bias for the dollar bullish, right?
371
00:24:36,315 --> 00:24:41,565
So if you're seeing a bullish market,
why would you want to sell that market?
372
00:24:42,075 --> 00:24:45,135
It hasn't given you any indications
yet that it's going to go lower.
373
00:24:45,825 --> 00:24:47,715
That's what you're trying
to do with turtle soups.
374
00:24:48,225 --> 00:24:51,615
You're looking at every previous
high being violated as a sell,
375
00:24:52,275 --> 00:24:53,805
and it doesn't work that easy.
376
00:24:53,805 --> 00:24:55,725
You have to have some context behind it.
377
00:24:56,265 --> 00:25:04,215
Now let's say for instance, that the
dollar was any primary downtrend and we
378
00:25:04,215 --> 00:25:08,535
saw those equal highs like that in price
goes up there and maybe it runs to 96 60.
379
00:25:09,675 --> 00:25:16,845
Then that would be a sell because you
have the context of the marketplace being
380
00:25:16,845 --> 00:25:19,575
already underlying weak, it's going lower.
381
00:25:19,575 --> 00:25:23,565
It wants to be going lower and
there's equal highs would be by stop
382
00:25:23,565 --> 00:25:27,345
on individuals that have trailed
it tightly on short positions
383
00:25:27,345 --> 00:25:29,415
that are already open running.
384
00:25:29,415 --> 00:25:33,615
Those stops would give the market
makers and opportunities to unseat those
385
00:25:33,615 --> 00:25:36,975
individuals that will be profitable
on the next new, lower price swing.
386
00:25:40,605 --> 00:25:42,215
Does that make sense or did I lose.
387
00:25:52,800 --> 00:25:53,070
Okay.
388
00:25:53,070 --> 00:25:54,000
Let's look at it this way.
389
00:25:55,770 --> 00:25:56,910
If you go out to the daily,
390
00:26:14,150 --> 00:26:15,200
put this box over here.
391
00:26:20,150 --> 00:26:20,360
All right.
392
00:26:20,360 --> 00:26:21,350
So this is the daily chart.
393
00:26:25,320 --> 00:26:25,980
$1.
394
00:26:27,660 --> 00:26:27,990
Okay.
395
00:26:28,020 --> 00:26:33,390
We've been moving higher since April,
2016, higher, higher, higher, higher.
396
00:26:34,590 --> 00:26:38,280
It's been wanting to go, excuse me.
397
00:26:39,900 --> 00:26:42,720
It's been wanting to go higher
every time he goes lower.
398
00:26:42,720 --> 00:26:44,280
It's just reaccumulated more lungs.
399
00:26:44,730 --> 00:26:45,120
Okay.
400
00:26:45,870 --> 00:26:49,740
So if we see equal highs like this, okay.
401
00:26:50,460 --> 00:26:54,000
And we're down here as we were
describing earlier, all that's going
402
00:26:54,000 --> 00:26:59,430
to do is want to draw price up to
it in an underlying bull market.
403
00:27:00,870 --> 00:27:08,150
If we look at it weekly chart
on the dollar, is that a fair.
404
00:27:16,070 --> 00:27:17,300
Looking at all this what's this
405
00:27:21,110 --> 00:27:22,190
go ahead and pull market, man.
406
00:27:22,370 --> 00:27:23,270
This is a bullish market.
407
00:27:23,960 --> 00:27:28,940
So if you have long-term trend
bullish on a weekly and you have
408
00:27:28,940 --> 00:27:31,310
a Bush environment on a daily,
409
00:27:34,700 --> 00:27:38,390
these equal highs are just going to
be objectives to draw price up to it.
410
00:27:38,540 --> 00:27:39,860
That's all it's going to do.
411
00:27:41,180 --> 00:27:41,570
Okay.
412
00:27:41,750 --> 00:27:44,600
So their objectives for
you to take profits in your
413
00:27:44,600 --> 00:27:46,310
long position on the dollar.
414
00:27:52,480 --> 00:27:58,060
So by having these, these ideas of
looking for turtle soups, uh, running
415
00:27:58,060 --> 00:28:02,200
out previous highs to go short, unless
you're really short term day trading,
416
00:28:02,650 --> 00:28:07,090
um, you want to try to avoid doing that
and only focused on turtle soups that are
417
00:28:07,090 --> 00:28:10,450
running out lows when you have a primary
bull market, or if you know, underlying
418
00:28:10,450 --> 00:28:16,600
bullish market relative to the daily
or weekly, if you focus on buying old
419
00:28:16,600 --> 00:28:20,920
lows, once those loads are violated, when
you're going to primary bullish market.
420
00:28:20,920 --> 00:28:23,380
In other words, if you think
the daily charts going higher,
421
00:28:23,860 --> 00:28:24,880
okay, how do we do that?
422
00:28:25,270 --> 00:28:27,820
We'll you got to see bullish
or blocks being respected.
423
00:28:28,300 --> 00:28:30,550
We have to see resistance
or old highs being broken.
424
00:28:31,960 --> 00:28:35,110
And there has to be areas that
where there is like equal highs
425
00:28:35,110 --> 00:28:36,760
here, we have a liquidity void.
426
00:28:38,190 --> 00:28:41,370
All that stuff needs to be
considered in all days will be
427
00:28:41,370 --> 00:28:43,200
factored in for upside objectives.
428
00:28:43,710 --> 00:28:47,400
Since that's the case, the market's going
to want to draw all up into those areas.
429
00:28:48,810 --> 00:28:53,070
So if that's what's going on these
reference points that I've told you
430
00:28:53,070 --> 00:28:58,920
to focus on in September, they're
not areas to sell short at in this
431
00:28:58,920 --> 00:29:01,110
context, the market's bullish.
432
00:29:01,740 --> 00:29:03,150
So how would you use those tools?
433
00:29:03,540 --> 00:29:06,960
You would look for false
breaks below old lows.
434
00:29:07,320 --> 00:29:08,880
That would be a run on what kind of stop
435
00:29:13,790 --> 00:29:14,510
sell stops.
436
00:29:15,890 --> 00:29:18,860
Why would they want to take cell
stops out in a bullish market
437
00:29:24,340 --> 00:29:27,760
to assume positions
long from no cell stops.
438
00:29:28,090 --> 00:29:32,410
They have willing liquidity that
wants to sell to them at a low price.
439
00:29:32,920 --> 00:29:36,220
They will gladly buy it at a low price
because they're going to take it higher.
440
00:29:37,750 --> 00:29:42,190
So when we use these reference points
that we talked about specifically, what
441
00:29:42,190 --> 00:29:47,740
to focus on in September's content,
all you have all those same things
442
00:29:47,740 --> 00:29:51,250
we're going to talk about for the rest
of this mentorship, but the context
443
00:29:51,250 --> 00:29:53,320
of where you use them is important.
444
00:29:54,010 --> 00:29:56,260
It's not simply bull shorter
blocks and bears shorter blocks.
445
00:29:56,260 --> 00:30:00,850
That's why some of the trolls, they
get minimal success and they still
446
00:30:00,850 --> 00:30:04,570
follow my, uh, my work in free
tutorials, but they pop shot at me.
447
00:30:04,810 --> 00:30:05,080
Okay.
448
00:30:05,080 --> 00:30:06,880
Because they don't know how
to use them in the right time.
449
00:30:07,605 --> 00:30:11,445
So therefore everything that I do is
fake or it's hindsight, it's only demo.
450
00:30:11,595 --> 00:30:15,465
It doesn't work, but you're seeing
how it's done every single day.
451
00:30:15,495 --> 00:30:16,755
You're here every single day with me.
452
00:30:16,755 --> 00:30:17,325
And you're seeing it.
453
00:30:18,285 --> 00:30:22,215
I'm giving you exact exercises
to see what it's like to be
454
00:30:22,215 --> 00:30:24,015
engaging with both sides of it.
455
00:30:24,795 --> 00:30:29,085
And by forcing you to have exercises in
both sides of being in a bullish market
456
00:30:29,085 --> 00:30:32,805
and in a bearish market, but forcing
you to use the concepts, you're going
457
00:30:32,805 --> 00:30:36,885
to see how easy it is for the tools
to work when they're used properly.
458
00:30:38,055 --> 00:30:41,115
And you're going to see why it's
not advantageous for you to force
459
00:30:41,835 --> 00:30:45,405
an idea of selling a turtle soup
pie, or buying a turtle soup blow
460
00:30:45,735 --> 00:30:48,735
without having the context of what the
marketplace is most likely going to do.
461
00:30:49,575 --> 00:30:52,635
And that's going to be framing,
you know, an Ellipta what under the
462
00:30:52,635 --> 00:30:54,045
algos is going to do with price.
463
00:30:55,065 --> 00:30:57,735
That's the underlying truth period.
464
00:30:59,295 --> 00:30:59,895
So if
465
00:31:04,335 --> 00:31:06,855
all these, all, every market
out there that trades uses
466
00:31:06,855 --> 00:31:08,535
this stuff, it's the same.
467
00:31:08,595 --> 00:31:09,405
It's the same thing.
468
00:31:09,675 --> 00:31:11,325
It doesn't matter what
asset class you look at.
469
00:31:21,335 --> 00:31:25,685
Uh, Christine's asking why would we be
considering the beginning of August from
470
00:31:25,685 --> 00:31:27,995
the daily, the us dollar index, a bullish?
471
00:31:28,925 --> 00:31:33,665
Well, if you look at primary
longterm trends, um, how did, first
472
00:31:33,665 --> 00:31:35,105
of all, how, how do markets trade?
473
00:31:35,675 --> 00:31:36,605
They go from a consolidate.
474
00:31:37,590 --> 00:31:42,060
To a training environment or expansion,
then we go into consolidation.
475
00:31:42,690 --> 00:31:43,169
Okay.
476
00:31:43,409 --> 00:31:46,350
And what happens is daily, you
get another move higher or lower
477
00:31:46,830 --> 00:31:48,480
since we're in a primary uptrend.
478
00:31:48,570 --> 00:31:51,210
The next move higher is
most likely to occur.
479
00:31:52,770 --> 00:31:56,909
When we talk about commodities and futures
and we use open interest for mega trade
480
00:31:56,909 --> 00:32:02,669
setups, it'll be a lot more significant
in, in contrast to using just for X.
481
00:32:12,260 --> 00:32:15,649
Um, John, this is all part of
why, cause I'm getting a thousand
482
00:32:15,649 --> 00:32:21,560
questions of how did I focus on
only being a buyer of, uh, of CAD.
483
00:32:22,250 --> 00:32:24,800
And this is all germane to the discussion.
484
00:32:24,800 --> 00:32:29,540
So if you're confused, just understand,
it's all, it's all pertinent
485
00:32:29,540 --> 00:32:30,830
to what we're discussing here.
486
00:32:38,129 --> 00:32:42,149
I just explained, um, the
question is, is what, what are we
487
00:32:42,149 --> 00:32:43,460
supposed to know what to focus on?
488
00:32:43,500 --> 00:32:47,040
Everything I just explained to you,
the fact that the dollar has been
489
00:32:47,040 --> 00:32:48,750
wanting to go above these equal highs.
490
00:32:49,409 --> 00:32:49,860
Okay.
491
00:32:50,850 --> 00:32:52,679
Let's I'm going break
it down very elementary.
492
00:32:53,970 --> 00:33:01,050
If price is moving up on the day on
the dollar, as you can clearly see it.
493
00:33:02,280 --> 00:33:05,040
It's wanting to go above these
equal highs over here that it
494
00:33:05,040 --> 00:33:07,230
has not done until just recently.
495
00:33:07,260 --> 00:33:11,550
It just touched that the momentarily
went above it before the news
496
00:33:11,550 --> 00:33:19,260
released this morning at eight 30,
the dollar was below this level.
497
00:33:19,260 --> 00:33:21,060
We've already identified that
we're here with equal highs.
498
00:33:21,360 --> 00:33:24,990
We've talked about this for months
as an upside objective for dollar
499
00:33:24,990 --> 00:33:26,250
and wanting to eventually go there.
500
00:33:27,690 --> 00:33:30,179
If you're going to trade foreign
exchange, you have to know
501
00:33:30,179 --> 00:33:31,620
what the dollar is going to do.
502
00:33:32,159 --> 00:33:34,860
That would that's what frames
high probability conditions
503
00:33:35,700 --> 00:33:37,800
and low risk opportunities.
504
00:33:38,429 --> 00:33:43,679
So if we're going to focus on trading
a specific payer relative to a
505
00:33:43,679 --> 00:33:48,120
news release, the calendar says at
eight 30 this morning, that housing
506
00:33:48,120 --> 00:33:53,429
permits are going to be released in
the U uh, the dollar CAD or the CAD.
507
00:33:54,510 --> 00:33:58,740
And, and there's going to be
employment claims for the dollar.
508
00:33:59,190 --> 00:34:01,590
So at eight 30, we should
see a volatility injection.
509
00:34:01,889 --> 00:34:03,149
That means we should see movement.
510
00:34:04,830 --> 00:34:09,060
What direction did we trade is going
to be driven by what the dollar is
511
00:34:09,060 --> 00:34:12,120
most likely going to be reaching for
which what we've been talking about
512
00:34:12,120 --> 00:34:14,759
all morning, all this stuff over here.
513
00:34:15,810 --> 00:34:18,540
What are we worried about
this opening price for us?
514
00:34:18,540 --> 00:34:22,980
Because every single trading day, if
data okay, or the way that the interbank
515
00:34:23,040 --> 00:34:28,650
price deliveries, uh, designed to
give us what we see in terms of our
516
00:34:28,650 --> 00:34:30,900
price fluctuations, that delivery of.
517
00:34:32,114 --> 00:34:36,165
Is directly related to this
opening price at midnight.
518
00:34:36,585 --> 00:34:39,404
That's what sets in establishes
the trend direction of the day.
519
00:34:41,225 --> 00:34:42,574
Why is it significant one?
520
00:34:42,574 --> 00:34:43,505
I even talking about it.
521
00:34:43,505 --> 00:34:45,245
It's not a detachment
from this discussion.
522
00:34:45,245 --> 00:34:48,395
It's actually the foundation of
why I just told you this morning.
523
00:34:48,725 --> 00:34:52,895
We want to focus primarily being
a buyer of us CAD, not a seller.
524
00:34:53,375 --> 00:34:56,554
If you're going to focus on this
pair, we were looking on the upside.
525
00:34:56,944 --> 00:35:01,295
And the reason why is because dollar
wants to go higher here on the left.
526
00:35:01,775 --> 00:35:03,365
It wants to go above
these highs over here.
527
00:35:03,845 --> 00:35:06,995
So if the dollar is wanting to do
that, the first currency in this
528
00:35:06,995 --> 00:35:09,095
pair dollar CAD is the dollar.
529
00:35:09,935 --> 00:35:14,765
So you're going to see a unwillingness to
see the market go lower in this pair and
530
00:35:14,765 --> 00:35:16,924
more inclination to, for it to go higher.
531
00:35:17,615 --> 00:35:21,815
So if it's going to want to go higher,
how can we, how can we look to be a buyer?
532
00:35:22,595 --> 00:35:25,535
Well, if the market was going in
a consolidation like we described
533
00:35:25,535 --> 00:35:27,694
earlier, I'm not sure if you
were here the entire time, John.
534
00:35:27,694 --> 00:35:30,995
So the entire presentation where
you rewatched the recording.
535
00:35:30,995 --> 00:35:31,835
Cause it's very clear.
536
00:35:31,924 --> 00:35:34,895
I mean, I went into great detail
about this, but the opening
537
00:35:34,895 --> 00:35:38,674
price, if we get below that
opening price, the idea is this,
538
00:35:41,745 --> 00:35:43,305
this daily chart over here.
539
00:35:43,725 --> 00:35:44,055
Okay.
540
00:35:44,055 --> 00:35:45,225
If I change this,
541
00:35:51,055 --> 00:35:51,715
not to that.
542
00:36:05,615 --> 00:36:07,085
Okay, this is what you're seeing.
543
00:36:08,075 --> 00:36:11,075
This opening price, a
small little movement down.
544
00:36:11,075 --> 00:36:11,645
You see that
545
00:36:15,285 --> 00:36:19,515
the opening price, small little
move down, then it expands up.
546
00:36:19,895 --> 00:36:22,125
And there's an up-close
potentially in the formation today.
547
00:36:23,835 --> 00:36:27,435
If we're seeing bullish prices on the
daily chart, our expectation is, is
548
00:36:27,435 --> 00:36:32,595
this same model right here as this open
high, low close chart indicates, this is
549
00:36:32,595 --> 00:36:40,515
power three accumulation, manipulation
distribution, the accumulate longs.
550
00:36:41,265 --> 00:36:44,745
They manipulate below that opening
price, get people thinking it's
551
00:36:44,745 --> 00:36:45,885
the wrong side of the marketplace.
552
00:36:46,815 --> 00:36:51,595
And then they expand it and they
distribute it later on in the day over
553
00:36:51,595 --> 00:36:55,945
here, the way you apply that same thing
is that opening prices at midnight.
554
00:36:56,365 --> 00:36:59,455
So you want to be a buyer
at that price or below it.
555
00:37:00,115 --> 00:37:02,905
That's where the low risk
high probability entries are.
556
00:37:04,105 --> 00:37:06,835
They occur at specific times of the day.
557
00:37:08,335 --> 00:37:13,255
We don't need the clothes to be higher
than, uh, yeah, we don't need the
558
00:37:13,255 --> 00:37:16,105
clothes to be higher than the opening
to make money because we're specifically
559
00:37:16,105 --> 00:37:17,365
aiming at day trades right now.
560
00:37:18,505 --> 00:37:22,225
But the responsiveness of below
the opening price at London,
561
00:37:22,255 --> 00:37:23,485
this is all London timeframe.
562
00:37:23,485 --> 00:37:23,995
We're here in London.
563
00:37:25,245 --> 00:37:26,085
And this is New York.
564
00:37:27,765 --> 00:37:33,165
You would not see this in the context
I'm telling you in any other discipline.
565
00:37:33,195 --> 00:37:33,885
It's not there.
566
00:37:33,915 --> 00:37:38,565
Nobody talks about this, but the fact that
it's gone below the opening price set at
567
00:37:38,565 --> 00:37:41,985
midnight is absolutely paramount to you.
568
00:37:41,985 --> 00:37:43,995
Understanding how to trade effectively.
569
00:37:44,295 --> 00:37:46,965
It doesn't matter if you're a
long-term trader or not, or a day
570
00:37:46,965 --> 00:37:51,315
trader or a scalper without this
information you're trading in the dark.
571
00:37:51,315 --> 00:37:54,915
It gives you directional bias
when you use it in the context
572
00:37:54,915 --> 00:37:56,295
of the daily timeframe as well.
573
00:37:56,625 --> 00:37:59,655
So if you're basically what I'm saying
is if you're bullish, the best trades
574
00:37:59,655 --> 00:38:05,055
are buying at or below the opening price
set at midnight candle in New York.
575
00:38:09,375 --> 00:38:12,195
And it's not the fact that it
just goes down below that price.
576
00:38:12,555 --> 00:38:16,215
It goes down below that price
at specific times of the day,
577
00:38:16,965 --> 00:38:19,185
London open and the New York open.
578
00:38:20,055 --> 00:38:25,935
So you were blending two things, time and
price, and we're doing what we're doing
579
00:38:26,115 --> 00:38:31,095
relative to those two elements, time and
price with the APTA, the way interbank
580
00:38:31,095 --> 00:38:36,075
price delivery is being provided to us in
the form of what they're reaching for on a
581
00:38:36,075 --> 00:38:41,055
daily timeframe, which is this level over
here, your focus needs to be primarily
582
00:38:41,055 --> 00:38:43,065
on this pair wanting to go higher.
583
00:38:43,725 --> 00:38:47,805
We said, initially we had to watch
this level here, 32, 19 or 30 to 20.
584
00:38:48,405 --> 00:38:51,735
It hit that it's showing
initial resistance in here.
585
00:38:52,045 --> 00:38:52,935
Still got a little bit of time.
586
00:38:52,935 --> 00:38:53,985
We still also have 10 o'clock.
587
00:38:54,945 --> 00:38:56,535
It could wash this entire thing out.
588
00:38:56,595 --> 00:39:02,715
It could be that that's all there was, but
was this a viable move between where the
589
00:39:02,715 --> 00:39:04,425
opening price is up to this level here?
590
00:39:04,425 --> 00:39:05,865
That's all I'm trying to highlight for now
591
00:39:17,215 --> 00:39:22,165
the initial target for this one was
this level here, basically 32 20.
592
00:39:22,915 --> 00:39:26,395
And if we got through 30 to 20, we
would be monitoring what we saw in
593
00:39:26,395 --> 00:39:34,030
terms of advancement above 1 30, 2,
27, but we can't contend with 1 32,
594
00:39:34,030 --> 00:39:35,845
7 27 until this level was meant.
595
00:39:36,535 --> 00:39:37,915
And that's all we've seen so far.
596
00:39:38,185 --> 00:39:42,955
But my question is, is this a viable
setup where if you were buying, you'd be
597
00:39:42,955 --> 00:39:49,435
buying below the opening price down here,
said it midnight up to this level here.
598
00:39:52,605 --> 00:39:57,405
So being a buyer at, uh, basically 1
30, 180 5 or five points above that,
599
00:39:57,405 --> 00:40:01,575
1 30, 1 90, that's where your, your
fill would be relative to the spread.
600
00:40:03,345 --> 00:40:08,085
So 31 90 to 32, 20 X, what
30 pips, where I live.
601
00:40:16,735 --> 00:40:20,455
So the point in which once you understand.
602
00:40:25,720 --> 00:40:27,100
Get this thing to show up here,
603
00:40:31,490 --> 00:40:32,390
all you're doing,
604
00:40:35,630 --> 00:40:36,950
as you're looking for a way
605
00:40:42,080 --> 00:40:43,280
to envision
606
00:40:47,490 --> 00:40:48,360
the opening price.
607
00:40:48,360 --> 00:40:50,820
If you're bullish, you
wouldn't be focusing on that
608
00:40:50,850 --> 00:40:51,810
opening price at midnight.
609
00:40:52,530 --> 00:40:57,390
And then that movement down below
that opening price established at the
610
00:40:57,390 --> 00:41:01,830
midnight candle in New York, which is
over here below that opening price.
611
00:41:01,860 --> 00:41:04,140
That's where all the banks
are doing their buys.
612
00:41:04,200 --> 00:41:07,020
That's why the IPTA
delivers price down there.
613
00:41:07,020 --> 00:41:11,550
It provides them the opportunity
to onboard their long positions.
614
00:41:12,690 --> 00:41:15,060
Then they allow price to expand up.
615
00:41:15,630 --> 00:41:20,520
We do not need the clothes
to be up here on the day.
616
00:41:20,970 --> 00:41:25,260
If this was a daily candle,
we don't need that because I'm
617
00:41:25,260 --> 00:41:26,730
teaching you to pay yourself.
618
00:41:27,660 --> 00:41:28,710
I get it wrong.
619
00:41:28,710 --> 00:41:29,250
Sometimes.
620
00:41:29,250 --> 00:41:35,430
Sometimes I still am inaccurate, but I
don't have to be accurate to make money.
621
00:41:35,850 --> 00:41:37,110
And I showed that yesterday.
622
00:41:37,860 --> 00:41:40,290
I was expecting the category a
little bit harder than it did.
623
00:41:40,350 --> 00:41:42,510
I don't care did it didn't
go any to those levels.
624
00:41:42,510 --> 00:41:42,820
It's still.
625
00:41:44,680 --> 00:41:46,240
I need this movement here.
626
00:41:46,240 --> 00:41:49,240
It's between four o'clock in the
morning and 10 o'clock in the morning
627
00:41:49,480 --> 00:41:51,250
that bulk of the daily volume.
628
00:41:52,120 --> 00:41:52,390
Okay.
629
00:41:52,390 --> 00:41:56,230
That, that delivery of price between
four o'clock in the morning and
630
00:41:56,230 --> 00:41:59,020
10 o'clock in the morning, that's
where the lions portion of the
631
00:41:59,020 --> 00:42:00,370
daily range is going to occur.
632
00:42:01,180 --> 00:42:04,779
And all I care about is getting
some of that, but I want
633
00:42:04,779 --> 00:42:06,190
to be positioned down here.
634
00:42:07,480 --> 00:42:10,990
I don't need the clothes to be
above the opening or my entry price.
635
00:42:11,410 --> 00:42:14,319
I just need to get paid between our,
where I entered that in sometime
636
00:42:14,319 --> 00:42:19,720
between when I got in it and 11 I'm
sorry, 10 to 11 o'clock in the morning.
637
00:42:24,399 --> 00:42:25,600
So it can, it can do this.
638
00:42:25,660 --> 00:42:27,339
Can open, come down here,
give you an opportunity.
639
00:42:27,490 --> 00:42:30,609
Rally up 30, 40, 50
pips, and then do this.
640
00:42:38,509 --> 00:42:43,160
Who cares if you bought down here
and you took something out up here,
641
00:42:43,310 --> 00:42:46,370
that's trading, that's trading.
642
00:42:46,460 --> 00:42:50,029
Unfortunately what's happening is you
guys are looking at this and buying
643
00:42:50,299 --> 00:42:54,350
down here and you're demanding because
power three says it has to do this.
644
00:42:54,710 --> 00:42:55,279
No power.
645
00:42:55,279 --> 00:42:58,640
Three says that you have to buy
near the low and you distribute
646
00:42:58,640 --> 00:43:03,230
your lungs as the price expands up
during the times of the day that it
647
00:43:03,230 --> 00:43:07,029
should expand and you pay yourself.
648
00:43:11,345 --> 00:43:14,075
Every single trading day, regardless
of the direction, there's a
649
00:43:14,075 --> 00:43:17,285
retracement between five o'clock
in the morning and seven o'clock
650
00:43:17,285 --> 00:43:18,455
in the morning, New York time
651
00:43:21,455 --> 00:43:24,155
that retracement sets
up the New York session.
652
00:43:31,285 --> 00:43:34,605
Well, that's, I appreciate that
manual manual saying it's starting
653
00:43:34,605 --> 00:43:37,765
to make sense every day and that's
why we have to do it this way.
654
00:43:38,395 --> 00:43:40,015
I appreciate your enthusiasm.
655
00:43:40,015 --> 00:43:43,315
Some of you are just really
demanding to know how to do
656
00:43:43,315 --> 00:43:44,785
this in one or two sessions.
657
00:43:45,145 --> 00:43:49,015
And I think it's because number
one, the, the excitement, obviously,
658
00:43:49,495 --> 00:43:52,045
uh, the anxiety about whether
or not you're going to learn it.
659
00:43:52,675 --> 00:43:53,095
Okay.
660
00:43:53,245 --> 00:43:55,675
Or you can't afford to
pay the monthly payments.
661
00:43:55,915 --> 00:43:58,045
You just want to be able to start making
money and say, okay, I got enough.
662
00:43:58,045 --> 00:44:03,325
I got to go, but I'm telling you to
get the maximum benefit out of this.
663
00:44:03,985 --> 00:44:06,655
You just got to let me teach it to
you the way I'm teaching it to you.
664
00:44:06,985 --> 00:44:12,205
If you, if you trust me and I hope that
you do, I'm promise you, I'm going to take
665
00:44:12,205 --> 00:44:15,865
you to where you want to be at, and you
don't even know where you need to be at.
666
00:44:15,865 --> 00:44:16,765
So I do.
667
00:44:16,765 --> 00:44:17,875
I knew where you're going to be on
668
00:44:21,055 --> 00:44:22,075
what is an order block?
669
00:44:22,705 --> 00:44:23,605
Is that a real question?
670
00:44:29,155 --> 00:44:30,735
I mean, I don't mean
to be mean or anything.
671
00:44:30,735 --> 00:44:31,875
I don't want you to be offended.
672
00:44:31,875 --> 00:44:34,515
No one else saw you asked that,
but if you're really asking that
673
00:44:34,515 --> 00:44:36,075
question, you need to watch the.
674
00:44:36,915 --> 00:44:42,125
Free tutorials specifically
the nice the sniper series.
675
00:44:43,955 --> 00:44:44,795
Okay, good grief.
676
00:44:45,485 --> 00:44:46,925
I was like, oh my goodness.
677
00:44:47,575 --> 00:44:49,295
I'm getting a question about
what an older block is.
678
00:44:55,185 --> 00:44:55,455
Okay.
679
00:44:55,455 --> 00:44:57,495
So here's what I ask you in closing.
680
00:44:57,645 --> 00:45:01,995
And then we're gonna quickly summarize
the Aussie dollar exercise last
681
00:45:01,995 --> 00:45:03,465
night and what the takeaways are.
682
00:45:05,715 --> 00:45:08,355
If we're looking at what's a PIP.
683
00:45:09,225 --> 00:45:13,635
If we're looking at, let me get
my chair here, said situated.
684
00:45:16,935 --> 00:45:17,325
All right.
685
00:45:17,415 --> 00:45:22,215
If we're looking at, say, say these
candles in this 15 minute timeframe, okay.
686
00:45:22,725 --> 00:45:25,275
Say these candles represent a daily chart.
687
00:45:26,865 --> 00:45:27,135
Okay.
688
00:45:27,135 --> 00:45:31,125
Say this is a, say, this is all
relative to a daily timeframe.
689
00:45:31,125 --> 00:45:32,505
Every candle is a daily chart.
690
00:45:35,055 --> 00:45:35,985
I'm sorry, daily candle.
691
00:45:37,065 --> 00:45:39,645
If we see the ideas that
we're fleshing out here.
692
00:45:39,705 --> 00:45:42,435
Now, the only thing different is you
can't use the opening price at midnight.
693
00:45:42,435 --> 00:45:47,415
And there's other things that we'll
we'll use that we can, uh, build ideas
694
00:45:47,415 --> 00:45:51,705
on for the daily chart, but forget
this opening price level here for now.
695
00:45:52,005 --> 00:45:54,825
If you can establish a directional bias.
696
00:45:55,755 --> 00:45:58,215
And I know for some of you, that seems
like an impossibility right now, but.
697
00:45:59,190 --> 00:46:03,270
If I haven't communicated anything else,
except for the fact that we can talk about
698
00:46:03,270 --> 00:46:07,680
moves and going to specific levels before
they happen day to day, every single day.
699
00:46:08,610 --> 00:46:11,670
That's what I want you to
focus on primarily right now.
700
00:46:11,700 --> 00:46:14,070
Just relax and know that
what I'm teaching you.
701
00:46:14,070 --> 00:46:18,360
I know, and if I know it, I know
how to communicate it to you,
702
00:46:19,380 --> 00:46:20,580
but you have to submit to it.
703
00:46:21,420 --> 00:46:26,160
If these are daily candles and say that
you were wanting to be a buyer down
704
00:46:26,160 --> 00:46:32,280
in here relative to things that I'll
discuss on hard timeframes, how much in
705
00:46:32,280 --> 00:46:37,620
terms of pips could this potentially be
only those that have been trading for a
706
00:46:37,620 --> 00:46:40,560
while and can understand how to answer
that adequately, but it could be in
707
00:46:40,560 --> 00:46:44,310
the realm of hundreds of pips hundreds.
708
00:46:46,090 --> 00:46:51,550
So when we look at price action,
don't, don't think in terms of,
709
00:46:53,890 --> 00:46:56,800
well, you know, I'm not, I'm
not learning how to day trade.
710
00:46:57,010 --> 00:46:57,370
Michael.
711
00:46:57,370 --> 00:46:58,810
I want to learn how to position trade.
712
00:47:00,010 --> 00:47:02,890
These elements that you're learning
with price action will help you
713
00:47:02,890 --> 00:47:05,650
put trades on using a daily chart.
714
00:47:05,710 --> 00:47:10,330
And you won't have to be in these
intraday charts at all, but to
715
00:47:10,330 --> 00:47:13,930
effectively communicate it and show
you just how reoccurring they are.
716
00:47:14,710 --> 00:47:19,030
I'm using these intraday charts to show
you that the way that price is delivered.
717
00:47:19,690 --> 00:47:20,470
Okay, here's a question.
718
00:47:22,090 --> 00:47:25,750
If I'm teaching you the interbank
price delivery algorithm.
719
00:47:26,590 --> 00:47:27,040
Okay.
720
00:47:27,430 --> 00:47:28,060
Does that.
721
00:47:29,520 --> 00:47:34,109
Deliver the price that we see in
intraday, like on a 15 minute timeframe,
722
00:47:38,189 --> 00:47:43,830
whereas that interbank price,
delivery algorithm doing something
723
00:47:43,830 --> 00:47:45,240
different on a daily chart.
724
00:47:51,629 --> 00:47:53,580
It's exactly, it's the same thing.
725
00:47:55,140 --> 00:47:58,830
And unfortunately, and I
thought this same stuff, folks.
726
00:47:58,830 --> 00:48:00,990
So if you thought this
way, don't feel ashamed.
727
00:48:01,560 --> 00:48:03,870
I thought that there was
something totally different.
728
00:48:04,379 --> 00:48:07,470
When you looked at a timeframe like
a daily chart or a one hour chart,
729
00:48:07,919 --> 00:48:10,500
I thought that they were something
entirely different and you had
730
00:48:10,500 --> 00:48:15,000
to trade on individual timeframes
because those timeframes are uniquely
731
00:48:15,000 --> 00:48:19,229
distinct from other timeframes in that
price is different from every other
732
00:48:19,229 --> 00:48:21,540
timeframe I tell, I thought about it.
733
00:48:21,779 --> 00:48:23,490
That's how I believed it in the beginning.
734
00:48:23,520 --> 00:48:25,740
It took me months to
understand that that was wrong.
735
00:48:26,250 --> 00:48:26,669
Okay.
736
00:48:26,910 --> 00:48:31,560
20 years ago, I thought that same
stuff, but I'm trying to explain to you
737
00:48:31,950 --> 00:48:37,259
just because we're using a different
timeframe, price is still being offered.
738
00:48:37,770 --> 00:48:38,220
Okay.
739
00:48:38,819 --> 00:48:44,129
If I changed, if I put up the daily
chart of the dollar index, like we
740
00:48:44,129 --> 00:48:48,959
have here, and if I put a 15 minute
timeframe of the dollar index, the 15
741
00:48:48,959 --> 00:48:53,069
minute timeframe is going to reflect
that same price at market that the daily
742
00:48:53,069 --> 00:48:57,529
chart is going to reflect the benefit
of looking at the higher timeframe.
743
00:48:58,440 --> 00:49:00,000
Okay, which is what the answer to you.
744
00:49:00,240 --> 00:49:01,950
Everyone's asking the
same question every day.
745
00:49:02,790 --> 00:49:04,680
I want to learn how to
get to directional bias.
746
00:49:04,920 --> 00:49:07,710
If you can just tell me that Michael,
I'm going to make money, and I'm
747
00:49:07,710 --> 00:49:12,090
going to tell you you're wrong because
you're still going to do things wrong.
748
00:49:12,540 --> 00:49:15,240
You're going to buy in bullish
days at the wrong time.
749
00:49:15,509 --> 00:49:18,870
You're gonna put your stop at the wrong
place, and you're gonna come away with it.
750
00:49:18,870 --> 00:49:19,350
Doesn't work.
751
00:49:20,310 --> 00:49:21,240
And you're the problem.
752
00:49:21,960 --> 00:49:23,549
You don't want to hear it, but you are.
753
00:49:24,029 --> 00:49:27,480
I was my own problem and I am
sometimes still my own problem.
754
00:49:27,569 --> 00:49:27,900
Okay.
755
00:49:27,900 --> 00:49:30,150
And it's going to, it's going to
be the issue with you as well,
756
00:49:30,509 --> 00:49:32,009
just because I'm giving you tools.
757
00:49:32,730 --> 00:49:35,910
You're not going to fix that
if you have the wrong thinking.
758
00:49:36,450 --> 00:49:41,370
So if these are daily candles, okay.
759
00:49:41,370 --> 00:49:44,220
That we're representing the study
over here with this with fifth,
760
00:49:44,279 --> 00:49:47,610
with a 15 minute timeframe, even
though it's only been about 30 pips
761
00:49:47,610 --> 00:49:49,230
of total magnitude and movement.
762
00:49:49,440 --> 00:49:49,770
Okay.
763
00:49:49,770 --> 00:49:52,620
That's not to say that the daily
chart, it was the daily candle.
764
00:50:10,610 --> 00:50:10,970
Excuse me.
765
00:50:40,185 --> 00:50:41,475
Oh, sorry,
766
00:50:44,545 --> 00:50:48,075
I got this a nasty throat near there.
767
00:50:48,145 --> 00:50:50,174
I, I can barely speak.
768
00:50:50,174 --> 00:50:51,134
So let me get through this.
769
00:50:51,134 --> 00:50:53,685
And then I'm going to take a rest
of the rest of the afternoon.
770
00:50:54,065 --> 00:50:59,235
Won't be able to do any much more talking
otherwise, but don't, if we looked at the
771
00:50:59,235 --> 00:51:01,845
candles like this on a daily basis, okay.
772
00:51:03,735 --> 00:51:09,765
I want you to feel assured that
the same setups that we describe in
773
00:51:09,765 --> 00:51:16,065
terms of looking at price on these
lower timeframes, that same thing
774
00:51:16,695 --> 00:51:18,315
is seen on the higher timeframe.
775
00:51:19,365 --> 00:51:23,025
The only difference is the candles
are bigger and it requires more time
776
00:51:23,025 --> 00:51:24,735
for them to complete their formation.
777
00:51:26,265 --> 00:51:29,955
Obviously, every candle here only takes
15 minutes to form, and then a new
778
00:51:29,955 --> 00:51:32,715
candle forms over here on a daily chart.
779
00:51:32,805 --> 00:51:37,185
It requires an entire 24 hour
day to allow that candle to form.
780
00:51:38,025 --> 00:51:40,875
So it's not efficient for me
to teach with just a daily.
781
00:51:41,985 --> 00:51:45,165
Because you're not going to see that
many setups, but if I show you every
782
00:51:45,165 --> 00:51:49,155
single trading day, a condition that
exists in price action with these
783
00:51:49,155 --> 00:51:53,205
smaller timeframes, I'm hoping,
and this is my, this is my goal.
784
00:51:53,655 --> 00:51:58,035
I'm hoping those individuals that want
to only trade in daily timeframes or
785
00:51:58,035 --> 00:52:02,325
higher timeframe charts that they see
the validity behind studying price
786
00:52:02,325 --> 00:52:08,265
action, and then submit to the fact
that, okay, I understand I don't need
787
00:52:08,265 --> 00:52:13,365
to be a day trader, but what he's
teaching is in the charts and therefore
788
00:52:13,365 --> 00:52:15,615
it's economical for me to focus on it.
789
00:52:15,885 --> 00:52:20,415
And don't dwell so much on the fact
that it's an intraday chart and some
790
00:52:20,415 --> 00:52:24,795
of you because of your ignorance,
not because I'm Lena in, in a mean
791
00:52:24,795 --> 00:52:28,515
way, but your lack of knowledge,
just like it was a lack of knowledge.
792
00:52:28,515 --> 00:52:33,045
But my part initially as a new
trader, I didn't understand how I
793
00:52:33,045 --> 00:52:37,425
should view what I was learning,
but I'm telling you, I had the same
794
00:52:37,425 --> 00:52:39,375
concerns initially as a new trader.
795
00:52:40,005 --> 00:52:42,975
So don't worry about, don't
worry about the fact that
796
00:52:42,975 --> 00:52:44,265
we're using smaller timeframes.
797
00:52:44,505 --> 00:52:44,925
Okay.
798
00:52:45,465 --> 00:52:48,255
It's the same component
across every timeframe.
799
00:52:49,275 --> 00:52:49,695
Okay.
800
00:52:50,625 --> 00:52:55,035
Everything's the same, but this
viewed in different intervals
801
00:52:55,035 --> 00:52:57,255
of time, that's all it is.
802
00:52:59,745 --> 00:53:00,165
So.
803
00:53:01,765 --> 00:53:04,745
The, the last question I saw
that was really interesting
804
00:53:04,745 --> 00:53:09,515
is, um, uh, is IPTA always an
operation or is there a triggers?
805
00:53:10,234 --> 00:53:15,154
Um, if the is always running, it's a
24 hour from the time the market opens
806
00:53:15,154 --> 00:53:19,444
up to the time of market closes on
the weekly basis, it's always running.
807
00:53:19,774 --> 00:53:20,105
Okay.
808
00:53:20,105 --> 00:53:22,865
It's always delivering price.
809
00:53:22,865 --> 00:53:24,785
If it stopped, you
wouldn't see price move.
810
00:53:25,835 --> 00:53:28,984
It's the engine that delivers
your price fluctuations.
811
00:53:29,794 --> 00:53:30,095
Okay.
812
00:53:30,095 --> 00:53:36,035
So what makes it important to understand
why it does what it does and what I
813
00:53:36,035 --> 00:53:42,424
teach and can't find it anywhere is
the fact that it's all time based.
814
00:53:43,294 --> 00:53:47,674
There are specific times of the day,
it goes to specific price levels,
815
00:53:48,575 --> 00:53:53,464
and you need to understand that it's
going to be relative to the opening
816
00:53:53,464 --> 00:53:55,024
price that's established at midnight.
817
00:53:55,535 --> 00:54:00,274
Now you're all going to be thinking,
oh no, they're going to change it.
818
00:54:00,274 --> 00:54:01,654
They're going to do it
to a different timeframe.
819
00:54:01,685 --> 00:54:07,504
No, or not, because it's all based on,
well, I can't talk more about that yet.
820
00:54:07,805 --> 00:54:13,924
It's basically, you're going to learn that
there is a, it's a forced way of doing
821
00:54:13,924 --> 00:54:14,944
it, that they're not going to change.
822
00:54:15,125 --> 00:54:15,515
Okay.
823
00:54:15,634 --> 00:54:18,004
They're not going to do, they're not
going to make any deviations from it.
824
00:54:18,605 --> 00:54:20,674
It's been working for
years and years and years.
825
00:54:20,674 --> 00:54:23,705
And before I discovered it in price, okay.
826
00:54:24,444 --> 00:54:26,044
The folks did not sit down with me.
827
00:54:26,585 --> 00:54:26,944
Okay.
828
00:54:26,944 --> 00:54:30,910
And say, okay, What you're going to
do is you're going to see a Judas
829
00:54:30,910 --> 00:54:36,310
swing here, and you're going to look
for a protraction here and you going
830
00:54:36,310 --> 00:54:40,510
to do those were the discoveries I
made by bridging what I learned, how
831
00:54:40,510 --> 00:54:45,730
price is delivered, and then seeing
in the charts, what that looks like.
832
00:54:46,570 --> 00:54:51,940
And it took me months of pouring
over charts, and then I saw it.
833
00:54:51,940 --> 00:54:55,900
And when I saw it, it was unbelievable.
834
00:54:56,200 --> 00:55:02,740
I, I, I literally had a panic attack
because I was like, I can see it now.
835
00:55:03,820 --> 00:55:04,660
And it was scary.
836
00:55:04,690 --> 00:55:09,910
It was absolutely scary knowing that if
I can see it in the charts in hindsight,
837
00:55:10,270 --> 00:55:11,860
I couldn't wait for the next trading day.
838
00:55:12,910 --> 00:55:14,020
And yes, I was crying.
839
00:55:14,050 --> 00:55:17,050
It was very, it was a very
emotional feeling because I
840
00:55:17,050 --> 00:55:18,730
feel like I cracked a code.
841
00:55:19,780 --> 00:55:20,650
That's how it felt.
842
00:55:21,190 --> 00:55:24,160
And it felt like it was forbidden
knowledge that I wasn't supposed to have.
843
00:55:24,160 --> 00:55:24,820
And I got scared.
844
00:55:24,820 --> 00:55:28,090
Like I just did something that I
shouldn't have been able to do.
845
00:55:29,800 --> 00:55:33,490
And when I started operating in
the marketplace using it on a
846
00:55:33,490 --> 00:55:37,750
very small scale, that's when
everything started clicking and
847
00:55:37,780 --> 00:55:40,030
all of a sudden $17,000 a week.
848
00:55:40,270 --> 00:55:40,750
Okay.
849
00:55:40,780 --> 00:55:42,910
Become, it was standard.
850
00:55:43,510 --> 00:55:48,400
Whereas before it was all initial luck
and that's what I attributed my first
851
00:55:49,030 --> 00:55:52,750
run in the marketplace, that was all
completely luck, luck, luck, luck,
852
00:55:52,750 --> 00:55:57,260
luck, then all of a sudden $20,000
a week, $25,000 a week, $35,000.
853
00:55:58,155 --> 00:55:59,745
All these things happening.
854
00:56:00,135 --> 00:56:00,615
Okay.
855
00:56:00,885 --> 00:56:04,335
Because of my understanding of what
makes these markets move around.
856
00:56:05,235 --> 00:56:10,365
Why did I jump from futures into
Forex is because the liquidity and
857
00:56:10,365 --> 00:56:18,105
the visibility, C4 X is beautiful
because it's so time sensitive, very
858
00:56:18,105 --> 00:56:22,605
specific times of the day, very specific
elements in time and price theory.
859
00:56:24,015 --> 00:56:27,795
And once I understood and bridge
the gap and understood how Ellipta
860
00:56:27,795 --> 00:56:30,405
works, you see it every single day.
861
00:56:30,555 --> 00:56:33,255
There hasn't been really with the
exception of the last night, we were
862
00:56:33,255 --> 00:56:34,515
talking about the Aussie dollar.
863
00:56:34,905 --> 00:56:39,585
Um, we didn't, you know, we, we
don't really trade in that timeframe.
864
00:56:39,905 --> 00:56:44,265
There's no real excitement about getting
in that time of day, because like I just
865
00:56:44,265 --> 00:56:46,155
said about the midnight candle here.
866
00:56:46,695 --> 00:56:51,135
That's when, if that goes
into its highest seeking of
867
00:56:51,135 --> 00:56:54,015
liquidity after this time period.
868
00:56:54,255 --> 00:56:54,705
Okay.
869
00:56:54,885 --> 00:56:57,465
You're going to wait until we get
around two o'clock in the morning.
870
00:56:57,465 --> 00:57:03,165
Then the market's going to go into an
area where it's going to give banks.
871
00:57:03,675 --> 00:57:07,785
All of them, not just the bank of
Canada, it's going to get all of
872
00:57:07,785 --> 00:57:13,215
the banks and opportunity to pair
up orders across all major pairs,
873
00:57:13,695 --> 00:57:15,705
across the majors, everything.
874
00:57:16,185 --> 00:57:21,255
And it gives them transactional
basis to get efficient prices.
875
00:57:22,350 --> 00:57:24,330
It's not one bank against the other.
876
00:57:24,359 --> 00:57:25,950
They're not cannibalizing one another.
877
00:57:26,009 --> 00:57:30,509
It looks like it's sometimes, but they're
all in 100% cahoots with one another.
878
00:57:32,930 --> 00:57:38,299
So if you look, when price goes into
these times of the day, price is going
879
00:57:38,299 --> 00:57:41,930
down to that level, not because of some
Fibonacci level, it's not going down there
880
00:57:41,930 --> 00:57:46,040
because of some kind of, uh, a harmonic
pattern or any kind of trend line thing.
881
00:57:46,220 --> 00:57:52,009
It's going down there to facilitate
transactional value when, when the banks
882
00:57:52,009 --> 00:57:54,319
are or are coming online in London.
883
00:57:54,620 --> 00:57:54,950
Okay.
884
00:57:56,359 --> 00:58:00,020
They have orders that come through
through insurance companies.
885
00:58:00,020 --> 00:58:02,810
They have orders that come through
for just business exchange.
886
00:58:03,169 --> 00:58:05,359
Uh, IBM needs to do business in Canada.
887
00:58:05,600 --> 00:58:05,870
Okay.
888
00:58:05,870 --> 00:58:09,319
So they got to exchange their dollars
into, you know, the Canadian dollar.
889
00:58:10,100 --> 00:58:13,310
Well, these market moves that go
down there and they allow that
890
00:58:13,609 --> 00:58:18,770
to have operational costs lowered
on the, uh, on the banking side
891
00:58:19,100 --> 00:58:20,629
and more efficient for them.
892
00:58:21,169 --> 00:58:25,520
And they can also use these times
to make books and build in pricing.
893
00:58:26,120 --> 00:58:30,709
So that way, if they can speculate
in that marketplace, see, that's the
894
00:58:30,709 --> 00:58:33,350
part that people say, they think they
understand, and you listen to people
895
00:58:33,350 --> 00:58:37,220
out there and say, well, there's very
little speculation in, in interbank.
896
00:58:37,490 --> 00:58:39,200
Uh, you know, bullshit.
897
00:58:39,830 --> 00:58:42,740
There's, it's all that
transactional sides.
898
00:58:42,770 --> 00:58:43,819
The lease side of it.
899
00:58:43,850 --> 00:58:45,080
That's the minimal side of it.
900
00:58:45,500 --> 00:58:47,509
The majority of it is all speculation.
901
00:58:47,540 --> 00:58:48,319
That's where it's all.
902
00:58:49,200 --> 00:58:52,290
You think that banks are in businesses
to make these little little transactions
903
00:58:52,330 --> 00:58:56,400
and exchange fees and, okay, well,
I'm going to take billions of dollars
904
00:58:56,400 --> 00:58:58,830
here and I'm going to make a little
bit, that's not what they're doing.
905
00:58:59,250 --> 00:59:01,140
They're fleecing large funds.
906
00:59:01,259 --> 00:59:02,580
That's what this is all about.
907
00:59:03,150 --> 00:59:03,660
That's all.
908
00:59:03,660 --> 00:59:07,680
This is about, it started with a
business transaction model where
909
00:59:07,680 --> 00:59:11,640
they can facilitate exchange
currencies for commerce, but
910
00:59:11,640 --> 00:59:13,110
that's not really what's going on.
911
00:59:15,390 --> 00:59:16,620
That's not what's going on.
912
00:59:17,160 --> 00:59:20,970
It's going on because there's money
to be taken from someone else.
913
00:59:21,240 --> 00:59:27,420
Billions of it, every single day
in every, every currency, there's
914
00:59:27,450 --> 00:59:33,299
billions, hundreds of billions of
dollars being fleeced from large funds.
915
00:59:35,070 --> 00:59:36,600
That's why these markets are there.
916
00:59:37,650 --> 00:59:41,880
The, the illusion is it's
so allow free commerce.
917
00:59:42,450 --> 00:59:44,790
It's allowed to do international trade.
918
00:59:45,509 --> 00:59:46,350
That's bullshit.
919
00:59:46,380 --> 00:59:47,520
That's not what this is.
920
00:59:47,549 --> 00:59:48,000
Okay.
921
00:59:48,180 --> 00:59:51,120
Because if it was really
about being efficient, we
922
00:59:51,120 --> 00:59:52,290
would have one world currency.
923
00:59:52,620 --> 00:59:54,270
And that's why I'm telling
you as a Christian.
924
00:59:54,270 --> 00:59:56,700
And you may not sound like I may not
sound like a Christian, you know,
925
00:59:57,420 --> 01:00:00,420
using the words that this use, but
I believe there's heirs of God.
926
01:00:00,480 --> 01:00:00,870
Okay.
927
01:00:00,870 --> 01:00:02,730
And I'm going to tell you
if that offends you too bad.
928
01:00:03,240 --> 01:00:06,870
If there, if there is a God and I
believe there is, there is a certain
929
01:00:06,870 --> 01:00:09,270
sect that say, there's going to be
a one world currency and I'm telling
930
01:00:09,270 --> 01:00:10,470
you that's never going to happen.
931
01:00:11,460 --> 01:00:14,970
It's not going to happen
because when, when that happens,
932
01:00:15,450 --> 01:00:17,250
okay, all this falls apart.
933
01:00:18,675 --> 01:00:22,305
All this right here, this whole
idea of trading falls apart,
934
01:00:22,305 --> 01:00:23,355
there won't be any more trading.
935
01:00:26,375 --> 01:00:31,385
The fact that they keep
individual currencies segregated
936
01:00:31,415 --> 01:00:32,585
apart from one another.
937
01:00:33,485 --> 01:00:38,075
It tells you that that's exactly the
reason why they keep it like that because
938
01:00:38,075 --> 01:00:41,825
it gives them a frame of, of, of business.
939
01:00:42,575 --> 01:00:45,635
It gives you the illusion that
there's a necessity for a reason.
940
01:00:45,635 --> 01:00:47,705
For this currency, you have to
exchange their currency for another.
941
01:00:48,125 --> 01:00:50,135
When in fact it would be more efficient.
942
01:00:50,135 --> 01:00:53,705
If everybody would just do one
currency, it would be efficient.
943
01:00:53,705 --> 01:00:54,065
Wasn't it.
944
01:00:56,425 --> 01:01:02,065
If everybody operated on the same
currency, world trade commerce
945
01:01:02,095 --> 01:01:05,095
and business transactions
internationally would be a breeze.
946
01:01:05,095 --> 01:01:05,815
It'd be easy.
947
01:01:05,815 --> 01:01:10,795
It'd be no cost, but
it's not going to happen.
948
01:01:12,055 --> 01:01:13,105
That's not going to happen.
949
01:01:13,105 --> 01:01:13,825
That's why I'm telling you.
950
01:01:14,105 --> 01:01:17,455
As long as there's Marcus to be traded,
they're going to trade like this.
951
01:01:17,455 --> 01:01:21,715
It's not going to go away when
there is one world currency.
952
01:01:22,345 --> 01:01:24,445
Okay, it's going to be
none of this trading.
953
01:01:25,615 --> 01:01:26,785
That's when the trading stops.
954
01:01:27,835 --> 01:01:28,825
So that's why I'm trying to tell you.
955
01:01:29,005 --> 01:01:32,185
It's either in a sense again, it's
like everything else I've talked about.
956
01:01:32,185 --> 01:01:33,175
It's binary either.
957
01:01:33,535 --> 01:01:37,885
You're going to have all these multiple
currencies to facilitate imbalances.
958
01:01:38,065 --> 01:01:40,525
That's why there's all
these individual currencies.
959
01:01:41,095 --> 01:01:43,555
Believe me, the IMF can make one currency.
960
01:01:44,395 --> 01:01:45,025
It can happen.
961
01:01:45,055 --> 01:01:46,945
They can do it in a
very short span of time.
962
01:01:46,945 --> 01:01:47,275
They can do it.
963
01:01:48,805 --> 01:01:54,205
But it's not in their interest to do that
because they can manipulate governments.
964
01:01:54,415 --> 01:01:56,965
They can manipulate, uh, wars.
965
01:01:57,535 --> 01:02:01,165
They can, uh, naked manipulate
people's thought processes, turn
966
01:02:01,165 --> 01:02:05,785
one population against another
population, all because of economics.
967
01:02:07,045 --> 01:02:11,275
And they drive it with interest
rates and they devalue or raise
968
01:02:11,275 --> 01:02:12,205
the value of their currency.
969
01:02:13,105 --> 01:02:14,545
That's why this exists.
970
01:02:15,355 --> 01:02:17,785
Anybody that tells you anything,
apart from that they're full of shit.
971
01:02:18,385 --> 01:02:18,655
Okay.
972
01:02:18,655 --> 01:02:21,445
They either have been subs, they
subscribed to some Mickey mouse
973
01:02:21,445 --> 01:02:24,115
idea, or they don't know what
the hell they're talking about.
974
01:02:24,325 --> 01:02:26,845
It's as simple as that,
there's no other way around it.
975
01:02:27,055 --> 01:02:29,815
And if you disagree, whatever,
I don't want to hear about it.
976
01:02:29,815 --> 01:02:30,475
Cause I didn't know
977
01:02:39,385 --> 01:02:40,975
what to expect in that
kind of a session today.
978
01:02:40,975 --> 01:02:41,305
Where are you?
979
01:02:42,775 --> 01:02:44,005
I wasn't either, to be honest with you,
980
01:02:47,575 --> 01:02:50,635
Mickey mouse, Mickey mouse means goofy.
981
01:02:50,635 --> 01:02:52,285
Like it doesn't have any validity.
982
01:02:56,715 --> 01:02:56,985
Yeah.
983
01:02:56,985 --> 01:03:02,445
Sometimes there's some opinions about
why the markets do what they do.
984
01:03:02,925 --> 01:03:04,515
That just starts a complete nonsense.
985
01:03:04,545 --> 01:03:08,145
I get accused of tin,
foil, hat, and tomfoolery.
986
01:03:08,145 --> 01:03:11,145
Like, I don't know what I'm talking
about, but I'm the only one talking
987
01:03:11,145 --> 01:03:13,725
about where it's going to go
before it does it every single day.
988
01:03:13,725 --> 01:03:14,055
So.
989
01:03:20,940 --> 01:03:21,540
Hopefully.
990
01:03:22,860 --> 01:03:27,240
Yeah, hopefully, um, you know,
every single day we spend together,
991
01:03:30,150 --> 01:03:31,830
we are learning a little bit more
992
01:03:36,540 --> 01:03:39,960
and as we go deeper into it, more of
it will make much more sense to you.
993
01:03:40,470 --> 01:03:41,940
Um, I don't know what,
what's the high here.
994
01:03:42,360 --> 01:03:42,870
I was too busy.
995
01:03:42,870 --> 01:03:44,220
Jawboning with soap box,
996
01:03:48,110 --> 01:03:49,910
uh, 1 30, 2, 27 to the PIP.
997
01:03:50,810 --> 01:03:51,080
Boom.
998
01:03:51,080 --> 01:03:51,250
Right.
999
01:03:51,250 --> 01:03:51,710
Did it fit?
1000
01:03:55,070 --> 01:03:59,240
Um, am I learning by teaching us?
1001
01:03:59,270 --> 01:04:03,650
I'm learning how hopefully I, every
time I complete a week with you, and
1002
01:04:03,650 --> 01:04:08,930
even before I did the paid, the paid
service, I'm learning more about
1003
01:04:08,930 --> 01:04:15,170
being an educator and how I could
have done things better earlier on.
1004
01:04:16,550 --> 01:04:20,120
So yeah, I am learning in that
regard a lot about myself.
1005
01:04:21,710 --> 01:04:23,870
My son is a breakeven trader.
1006
01:04:23,890 --> 01:04:28,400
He has bouts where he does well,
and then he lets his emotions.
1007
01:04:28,490 --> 01:04:29,600
Cause he's trying to impress me.
1008
01:04:30,440 --> 01:04:35,120
He'll have issues with consistency
and he'll start doing overtrade
1009
01:04:35,150 --> 01:04:36,410
to try to fix his problems.
1010
01:04:36,800 --> 01:04:38,540
And I'm trying to teach him
that there's no necessity for
1011
01:04:38,540 --> 01:04:40,100
you to rush in there and do it.
1012
01:04:40,100 --> 01:04:40,580
He's he's.
1013
01:04:45,215 --> 01:04:49,775
No, he's 20, actually,
he'll be 21 in six days.
1014
01:04:58,765 --> 01:04:58,975
All right.
1015
01:04:58,975 --> 01:05:02,905
Now, watch for expansion in
here on the upside for us cat,
1016
01:05:20,555 --> 01:05:22,265
the next level will be 30 to 44.
1017
01:05:22,265 --> 01:05:24,935
And then above that, we'd be
looking for this area in here,
1018
01:05:25,715 --> 01:05:27,005
running off those equal highs.
1019
01:05:27,005 --> 01:05:27,995
We mentioned the other day.
1020
01:05:34,335 --> 01:05:34,515
Yeah.
1021
01:05:34,515 --> 01:05:38,265
Some of, some of these videos in the first
couple months are going to have to be long
1022
01:05:38,925 --> 01:05:43,485
because there's a lot of insights that I
just can't communicate to you in a tweet.
1023
01:05:44,055 --> 01:05:48,105
It's just, you can't get it
in or let's put it this way.
1024
01:05:48,135 --> 01:05:51,195
I don't know how to teach
it to you in a tweet.
1025
01:06:03,765 --> 01:06:06,885
Well, we only got to the September
content right now, except for the.
1026
01:06:08,384 --> 01:06:10,455
Installments on the videos for October.
1027
01:06:10,455 --> 01:06:13,455
So the only thing that you should
be focusing on now in study is
1028
01:06:13,515 --> 01:06:16,425
the only notes that are available
and teachings for September.
1029
01:06:22,025 --> 01:06:26,285
Uh, well, I, I appreciate everyone's
concern about the length of the
1030
01:06:26,285 --> 01:06:29,134
videos, but you know, the first
couple of months I mentioned this,
1031
01:06:29,745 --> 01:06:31,085
think about what I'm doing here.
1032
01:06:31,535 --> 01:06:38,235
Um, making all of the free tutorials and
how many videos did I do that were free?
1033
01:06:39,945 --> 01:06:41,175
I don't even know how many I did.
1034
01:06:41,265 --> 01:06:43,815
I mean, there's like a
thousand hours of stuff.
1035
01:06:44,115 --> 01:06:44,505
Okay.
1036
01:06:45,975 --> 01:06:52,935
So if, if we have all that work in
terms of study material, I got to
1037
01:06:52,935 --> 01:06:55,095
compress all that stuff in three months.
1038
01:06:55,815 --> 01:07:00,225
And there's no way for me to give you all
of the salient points that you should've
1039
01:07:00,225 --> 01:07:05,865
taken away over live charts without
having a couple long ones here and there.
1040
01:07:06,405 --> 01:07:09,075
And you're just going to have to
accept that and it's all recorded.
1041
01:07:09,075 --> 01:07:11,115
So don't think that the rest of
this tutorial, I mean, the rest
1042
01:07:11,115 --> 01:07:14,685
of this mentorship to videos are
going to be this long because you
1043
01:07:14,685 --> 01:07:16,215
don't know a whole lot right now.
1044
01:07:17,175 --> 01:07:20,205
That's the whole part
of bridging that gap.
1045
01:07:21,825 --> 01:07:24,495
Believe me, I don't, I don't want to
be spending, you know, I don't want
1046
01:07:24,495 --> 01:07:28,485
to be spending hours all day long
doing videos when we're in month six.
1047
01:07:28,945 --> 01:07:30,435
It won't be there.
1048
01:07:30,435 --> 01:07:31,665
Won't be that much to talk about.
1049
01:07:32,475 --> 01:07:34,965
There'll be specific conditions
that I'll say, Hey, this is.
1050
01:07:35,745 --> 01:07:40,005
XYZ and expect this, this and this, and
you'll know exactly what to look for.
1051
01:07:40,005 --> 01:07:42,015
And when it fails, you
know what to expect.
1052
01:07:42,375 --> 01:07:43,035
It you'll know.
1053
01:07:43,065 --> 01:07:47,535
You'll just know, but I can't get you
to that point until we look at price
1054
01:07:47,535 --> 01:07:51,404
action and show you over a period of
three months, every single trading
1055
01:07:51,404 --> 01:07:55,005
day with great deal detail, why it
should be doing what it's doing.
1056
01:07:57,675 --> 01:08:00,585
And then in the latter parts of
the, um, the course, you know, you
1057
01:08:00,585 --> 01:08:03,315
won't feel the need to have you'll
know exactly what you need to know
1058
01:08:03,315 --> 01:08:04,875
inside of a 15 or 20 minute video.
1059
01:08:07,565 --> 01:08:08,645
And this is what I'm talking about.
1060
01:08:08,675 --> 01:08:10,775
I can't teach this on a daily chart.
1061
01:08:10,895 --> 01:08:13,415
I mean, what do you want, what
do I talk about on a daily chart?
1062
01:08:13,745 --> 01:08:14,585
I gotta wait until tomorrow.
1063
01:08:14,585 --> 01:08:19,115
It was close to talk about it again
in here on an intraday capacity.
1064
01:08:19,115 --> 01:08:24,154
It allows me a lot of price action to
talk about in advance before it happens
1065
01:08:26,535 --> 01:08:30,375
and give you the reasons why it should
do it and all that stuff that you're
1066
01:08:30,375 --> 01:08:33,045
going to feel when you're doing a
trade that I'm not going to be there.
1067
01:08:33,345 --> 01:08:34,575
I'm not going to be there next to you.
1068
01:08:35,175 --> 01:08:37,215
The only thing you're going
to be able to rely on is the
1069
01:08:37,215 --> 01:08:38,564
experience you're having right now.
1070
01:08:40,785 --> 01:08:43,935
No, I don't have, I don't
have a David as a son.
1071
01:08:43,935 --> 01:08:47,325
Now we need these types of yeah.
1072
01:08:47,385 --> 01:08:51,345
Well you need them initially,
but you won't be needing them
1073
01:08:51,345 --> 01:08:52,575
later on in the mentorship.
1074
01:08:55,245 --> 01:08:57,555
I'm telling you what if I could explain.
1075
01:08:59,065 --> 01:09:03,234
Years with some idea, be willing
to sit down with me like this and
1076
01:09:03,325 --> 01:09:04,375
whatever they wanted to charge.
1077
01:09:04,375 --> 01:09:08,365
I would have paid for it because there
were so many times where I was in trades
1078
01:09:08,425 --> 01:09:12,025
initially with live money, way too much
money, then I should have had on it.
1079
01:09:12,625 --> 01:09:13,855
And I was scared shitless.
1080
01:09:13,885 --> 01:09:15,865
I mean, I was scared.
1081
01:09:16,105 --> 01:09:17,395
I mean, I was paranoid.
1082
01:09:19,475 --> 01:09:23,375
And to have someone that knows what's
going on or at least experience having
1083
01:09:23,375 --> 01:09:28,205
done it, this listening to him to talk
to me, explaining it and watching it
1084
01:09:28,205 --> 01:09:33,395
unfold would have removed all kinds
of anxiety and stress and panic.
1085
01:09:34,355 --> 01:09:38,194
Just to hear someone outside my own voice,
because you know what this sounds like.
1086
01:09:38,225 --> 01:09:39,725
I mean, it's in your own head.
1087
01:09:39,725 --> 01:09:40,325
It's deafening.
1088
01:09:40,925 --> 01:09:43,925
You're, you're, you're telling yourself 50
things you should have done differently.
1089
01:09:44,135 --> 01:09:45,515
You should have never took this trade.
1090
01:09:45,875 --> 01:09:47,045
Get out of it right now.
1091
01:09:47,285 --> 01:09:50,315
You know, move your, stop
up all kinds of stuff.
1092
01:09:51,095 --> 01:09:52,745
And believe me, I know
that's like I did it.
1093
01:09:52,775 --> 01:09:53,944
I've done that.
1094
01:09:58,515 --> 01:10:01,065
And then wondering, you know,
you're in a trade and the shit's
1095
01:10:01,065 --> 01:10:02,145
going against you immediately.
1096
01:10:02,145 --> 01:10:02,925
She used to get in there.
1097
01:10:02,925 --> 01:10:05,535
And it what's your thinking
is, is that guy at the broker
1098
01:10:05,835 --> 01:10:07,335
is seeing only your chart.
1099
01:10:07,365 --> 01:10:09,765
He's on the other side, like it's a
video game you're playing against him
1100
01:10:10,305 --> 01:10:11,625
and he's moving price against you.
1101
01:10:11,715 --> 01:10:14,175
That's what it feels like when
you have no idea what's going on.
1102
01:10:15,015 --> 01:10:15,495
Okay.
1103
01:10:15,885 --> 01:10:19,395
And you just want to know, does
anybody make money with this?
1104
01:10:19,425 --> 01:10:21,015
Does anybody really know what's going on?
1105
01:10:21,375 --> 01:10:23,565
Because if I could have saw that, okay.
1106
01:10:24,015 --> 01:10:25,765
If I could have saw
someone be able to prove.
1107
01:10:26,760 --> 01:10:31,080
Just for a week, just one week, show me
that you can tell me where the market's
1108
01:10:31,080 --> 01:10:34,260
going to go, where it should react and
then where it should go to afterwards.
1109
01:10:34,530 --> 01:10:39,270
If you could do that, then man,
then I won't feel so fearful
1110
01:10:39,270 --> 01:10:41,340
because then it won't feel like
they're just out to get me.
1111
01:10:45,540 --> 01:10:46,560
Yeah, it's what it feels like.
1112
01:10:46,560 --> 01:10:47,010
It's weird.
1113
01:10:47,010 --> 01:10:47,250
And it,
1114
01:10:56,660 --> 01:11:02,900
uh, I will share, I will share the,
my effects book link with everyone.
1115
01:11:02,900 --> 01:11:07,280
That's part of the mentorship after I
remove the balance of those individuals
1116
01:11:07,280 --> 01:11:12,970
that have not paid because they're
about to leave us on a permanent basis.
1117
01:11:15,580 --> 01:11:19,510
And I just don't want folks because
I get a lot of tweets by people
1118
01:11:19,510 --> 01:11:21,070
that are not part of our mentorship.
1119
01:11:21,100 --> 01:11:25,420
And I just block them because I don't
want to distraction, but there's folks
1120
01:11:25,420 --> 01:11:28,810
out there that still believe that I
don't know what I'm talking about.
1121
01:11:29,770 --> 01:11:30,520
I can't trade.
1122
01:11:30,520 --> 01:11:33,760
So I don't want to have that forum.
1123
01:11:34,450 --> 01:11:40,360
That's really meant for just you guys
to monitor what we're doing because
1124
01:11:40,360 --> 01:11:42,550
invariably what's going to happen is
you're all going to get in there and look
1125
01:11:42,550 --> 01:11:46,300
into the discussion portion of the, my
effects book and the trolls will be there.
1126
01:11:46,930 --> 01:11:50,260
And you're gonna, you're going to want to
defend me and I don't need you to do that.
1127
01:11:50,410 --> 01:11:53,290
You're focused on this
stuff focused on leaving.
1128
01:12:02,100 --> 01:12:05,520
When would you want to take partial
profits on this move and CAD,
1129
01:12:05,580 --> 01:12:06,570
is that what you're asking cane?
1130
01:12:09,320 --> 01:12:11,120
You should have already
paid yourself two times.
1131
01:12:12,080 --> 01:12:13,730
The first one was at this level here.
1132
01:12:15,460 --> 01:12:18,850
The next one is at 1 30, 2 27, because
we said we want to monitor what
1133
01:12:18,850 --> 01:12:20,830
it does once we get to this level.
1134
01:12:20,870 --> 01:12:23,680
So far, the only thing that's
done is pierced this high here.
1135
01:12:25,370 --> 01:12:26,330
This is normal.
1136
01:12:26,690 --> 01:12:28,100
DePaul's here, but you
don't want to see it.
1137
01:12:28,100 --> 01:12:29,240
Come back down below this low.
1138
01:12:29,780 --> 01:12:30,800
You want to see an expand.
1139
01:12:31,040 --> 01:12:32,810
There's no reason for it
to come back down here.
1140
01:12:33,710 --> 01:12:34,940
We want to see it, expand up through it.
1141
01:12:36,230 --> 01:12:38,390
Go back to focusing on the
dollar on the left-hand side and
1142
01:12:38,390 --> 01:12:41,420
see what it's doing over here.
1143
01:12:47,520 --> 01:12:49,140
This is all part of trade management.
1144
01:12:50,940 --> 01:12:51,960
May go back to a candle.
1145
01:12:52,410 --> 01:12:53,130
Sorry about that.
1146
01:13:01,470 --> 01:13:04,410
And ideally, what you want to do is you
want to see an expand through, cause
1147
01:13:04,410 --> 01:13:05,790
we have two downs candles in here.
1148
01:13:06,300 --> 01:13:10,860
Prices dipped into that series of two
down candles here with the wick to the
1149
01:13:10,860 --> 01:13:13,320
body, into the body of this candle here.
1150
01:13:13,620 --> 01:13:17,460
So you want to see institutional order
flow, support this expansion up through
1151
01:13:17,910 --> 01:13:21,000
drive through those individuals that want
to be shortened dollar now because they
1152
01:13:21,000 --> 01:13:23,280
saw a little swing high up here in a WIC.
1153
01:13:24,960 --> 01:13:27,660
Um, Steve Nielsen would
call this a bearish pattern.
1154
01:13:27,660 --> 01:13:31,110
So therefore the dollar should go lower
and traders are going to trade on it.
1155
01:13:31,110 --> 01:13:33,330
And they're going to put their
bicep rate above that high.
1156
01:13:47,580 --> 01:13:51,150
And if we get expansion through 96, 55
on the dollar index, on the left-hand
1157
01:13:51,150 --> 01:13:58,530
chart, that would free up movement on
upside to the 30 to forties, $1 Ted.
1158
01:14:01,680 --> 01:14:02,850
So now here's my question.
1159
01:14:02,910 --> 01:14:05,280
We were monitoring looking at CAD.
1160
01:14:06,930 --> 01:14:07,140
Okay.
1161
01:14:07,140 --> 01:14:11,730
Some of you already went along
at 31 90 that's 10, 20, 30, 40.
1162
01:14:11,970 --> 01:14:18,030
You're about 40 pips in the profit
right now because we're at 10 30,
1163
01:14:18,030 --> 01:14:23,640
essentially at least half of your
position should be off now, minimum,
1164
01:14:23,640 --> 01:14:25,140
half your position should already be out
1165
01:14:29,920 --> 01:14:32,710
and your stop should be at plus 10.
1166
01:14:33,760 --> 01:14:36,910
So at 32 big figures where you
should be at, why did I take that?
1167
01:14:36,970 --> 01:14:42,850
Because it's a 32 big figure and it's
below, it's below this down candle.
1168
01:14:43,210 --> 01:14:45,100
If it comes down below this level here.
1169
01:14:46,420 --> 01:14:47,350
Good grief, Bella.
1170
01:14:52,445 --> 01:14:53,975
I got her on some heavy pain medicines.
1171
01:14:53,975 --> 01:14:56,105
He's a very snoring, like a lumberjack.
1172
01:14:57,455 --> 01:15:00,695
The, uh, you don't want to see the
market come down below this level here.
1173
01:15:01,325 --> 01:15:01,685
Okay.
1174
01:15:01,865 --> 01:15:03,365
Cause at the time of the
day, you don't want that.
1175
01:15:03,995 --> 01:15:06,305
You want to see it, stay above
that and then want to expand
1176
01:15:06,305 --> 01:15:08,555
through, to get through here.
1177
01:15:09,035 --> 01:15:11,075
The next level would want to
reach up, reach down into it
1178
01:15:11,075 --> 01:15:12,125
would be this down candle.
1179
01:15:12,725 --> 01:15:16,295
You don't want to see that either because
we've already went through this price
1180
01:15:16,295 --> 01:15:20,735
range with this run, then this run again,
and then this candle went through it.
1181
01:15:20,735 --> 01:15:21,845
And then we went back down again.
1182
01:15:22,115 --> 01:15:25,565
So if it goes down into this
area, that's not good at all.
1183
01:15:27,185 --> 01:15:28,835
It knows it's already traded through here.
1184
01:15:28,835 --> 01:15:32,555
Four times four candles did
this entire range in here.
1185
01:15:33,275 --> 01:15:37,145
So price needs to consolidate here
at worst and then expand through.
1186
01:15:38,345 --> 01:15:41,075
So if you put your stop at
32, you lock in and 10 pips.
1187
01:15:41,405 --> 01:15:42,395
There's no worrying about it.
1188
01:15:42,395 --> 01:15:43,355
No fuss, no muss.
1189
01:15:43,745 --> 01:15:44,495
He just let it go.
1190
01:15:50,585 --> 01:15:50,765
Yeah.
1191
01:15:50,765 --> 01:15:52,235
You're only supposed to be
making one and a half percent.
1192
01:15:52,235 --> 01:15:52,805
What are you trying to do?
1193
01:15:52,805 --> 01:15:53,705
Make 10%.
1194
01:15:53,705 --> 01:15:54,065
One day.
1195
01:16:07,305 --> 01:16:07,905
No problem.
1196
01:16:07,965 --> 01:16:10,395
You don't ever have to tell
me you got, you can't stay.
1197
01:16:10,515 --> 01:16:11,835
Just watch the recording.
1198
01:16:11,835 --> 01:16:12,525
You're paying for it.
1199
01:16:12,525 --> 01:16:14,115
Just make sure you, you study it.
1200
01:16:19,860 --> 01:16:21,870
One one and a half percent is modest.
1201
01:16:21,900 --> 01:16:22,290
Yes.
1202
01:16:22,860 --> 01:16:25,980
But it's an objective
that I think is realistic.
1203
01:16:28,139 --> 01:16:34,139
I mean, I could sell you,
you're learning 20% a month.
1204
01:16:35,019 --> 01:16:38,910
I could do that as a sales page and
all that stuff, but I don't want
1205
01:16:38,910 --> 01:16:40,380
you thinking that way coming in.
1206
01:16:41,849 --> 01:16:46,170
Well, you can make one of the 10%, you
can make a lot more than, than that.
1207
01:16:46,650 --> 01:16:50,969
I'm not saying as a low end objective
for someone that's new, I'm assuming
1208
01:16:50,969 --> 01:16:54,089
there are a great deal of new traders.
1209
01:16:54,690 --> 01:16:57,450
So that's why I'm using the first three
months to kind of fill in the gap.
1210
01:16:58,200 --> 01:17:02,250
Some of you that want to view yourself as
advanced, and even if you're profitable
1211
01:17:02,250 --> 01:17:06,210
outside of the mentorship, that's
great, but that doesn't always equate
1212
01:17:06,210 --> 01:17:09,330
to understanding what I'm going to be
teaching in the mentorship because I
1213
01:17:09,330 --> 01:17:12,269
purposely left gaps in the free stuff.
1214
01:17:13,950 --> 01:17:19,589
So you're, you're dealing the charts
with me live even during the first
1215
01:17:19,589 --> 01:17:24,179
three months is essential to what we'll
be covering in the latter portions.
1216
01:17:28,700 --> 01:17:31,849
I can see your questions, Rob, but I,
I'm not looking at Twitter right now.
1217
01:17:40,849 --> 01:17:41,700
Well, I appreciate that.
1218
01:17:41,769 --> 01:17:43,650
I don't want to come
across, like I'm beating my.
1219
01:17:44,519 --> 01:17:48,150
In here, but there are a lot of new
folks that came in, did they not?
1220
01:17:48,180 --> 01:17:50,130
They didn't spend the
entire month of September.
1221
01:17:50,730 --> 01:17:54,660
So when we talk about price moves
and if I make the comment and say,
1222
01:17:54,720 --> 01:17:55,980
oh yeah, we were talking about this.
1223
01:17:55,980 --> 01:17:57,150
And we called this level.
1224
01:17:57,599 --> 01:18:00,840
It sounds like hindsight to someone
just signed up and they didn't
1225
01:18:00,840 --> 01:18:06,210
sit in here and watch us unfold
throughout the entire process before
1226
01:18:06,210 --> 01:18:08,340
it happened every single trading day.
1227
01:18:11,019 --> 01:18:14,860
And that was why the first month was
aimed at just trying to teach that don't,
1228
01:18:14,889 --> 01:18:16,360
don't be fearful of missing a move.
1229
01:18:16,389 --> 01:18:17,320
They happen every day.
1230
01:18:17,349 --> 01:18:18,670
Don't, don't worry about it.
1231
01:18:28,599 --> 01:18:31,330
Why am I, why did I have 32, 27
1232
01:18:34,820 --> 01:18:35,450
yesterday?
1233
01:18:35,450 --> 01:18:38,030
If you watch the recording, um,
1234
01:18:41,599 --> 01:18:43,580
if we go out, I think
it was a Dunaway chart.
1235
01:18:45,440 --> 01:18:46,370
If I'm not mistaken,
1236
01:18:52,870 --> 01:18:54,220
let me get this little thing of the way.
1237
01:18:56,139 --> 01:18:56,320
Yeah.
1238
01:18:56,320 --> 01:18:59,470
It's the hourly open on this up candle.
1239
01:18:59,530 --> 01:19:03,220
The up candle is a bear shorter
block to the opening prices.
1240
01:19:03,220 --> 01:19:06,250
What are highlighted there
and that's why we have it.
1241
01:19:06,940 --> 01:19:09,519
And then the next level is
the middle of the up candle.
1242
01:19:10,480 --> 01:19:11,440
1 30, 2 45.
1243
01:19:13,800 --> 01:19:16,620
And then beyond that, we're looking
for these equal highs to be taken out.
1244
01:19:19,280 --> 01:19:19,700
You're welcome.
1245
01:19:25,100 --> 01:19:29,150
It's not annoying, um, to have some of
that repeating questions, because I know
1246
01:19:29,150 --> 01:19:35,060
some of some folks have found me by way of
two people that are in the mentorship, you
1247
01:19:35,060 --> 01:19:39,230
know, cause there's a little bit, a lot
of uncertainty about my ability to be able
1248
01:19:39,230 --> 01:19:45,170
to do this because I've lived in the realm
of hindsight as an educator for years.
1249
01:19:46,040 --> 01:19:50,540
And I wouldn't let anybody see me do
this stuff live because admittedly, I
1250
01:19:50,540 --> 01:19:52,460
was afraid that I would get in trouble.
1251
01:19:53,330 --> 01:19:54,920
I mean, I'm going to be going,
I'm going to be honest with you.
1252
01:19:54,920 --> 01:19:57,890
I'm I was always fearful that I would get
in trouble again and I don't want to mess
1253
01:19:57,890 --> 01:20:01,730
around with a CFTC or any of that stuff.
1254
01:20:01,730 --> 01:20:05,450
And that's why I'm very clear and tell
you that everything you ever see in here
1255
01:20:05,450 --> 01:20:06,980
is always going to be a demo account.
1256
01:20:07,550 --> 01:20:10,490
And that's why you agreed on
that terms of use as well.
1257
01:20:13,610 --> 01:20:14,060
Um,
1258
01:20:17,750 --> 01:20:19,130
well I hope I don't get in trouble.
1259
01:20:19,130 --> 01:20:19,940
Let's just say it that way.
1260
01:20:20,270 --> 01:20:24,080
I'm not doing anything in here
that warrants trade decisions.
1261
01:20:24,080 --> 01:20:26,000
Cause we're, we're
practicing in a demo account.
1262
01:20:26,060 --> 01:20:27,080
You can't lose money.
1263
01:20:27,500 --> 01:20:31,610
If you do what I'm telling you to do, do
this in a demo account, you absolutely
1264
01:20:31,610 --> 01:20:34,850
cannot lose money, but you can lose.
1265
01:20:36,360 --> 01:20:38,969
You can learn from doing this.
1266
01:20:39,300 --> 01:20:42,570
And if you decide to make your own
decisions on trading, which is how it
1267
01:20:42,570 --> 01:20:47,190
should be done in every capacity, whether
whatever asset class you trade, uh, when
1268
01:20:47,190 --> 01:20:53,040
you decide that you are versed enough
to make decisions on your own, to make
1269
01:20:53,040 --> 01:20:58,349
trades with live funds, I'm interested in
hearing what you do, but I'm never telling
1270
01:20:58,349 --> 01:20:59,730
you to do that with your life funds.
1271
01:21:00,090 --> 01:21:02,309
You're never going to see a
live account with me ever.
1272
01:21:02,490 --> 01:21:03,300
It's not going to happen.
1273
01:21:04,050 --> 01:21:09,150
Cause for me to do that is the show you,
my, my business entities that I trade
1274
01:21:09,150 --> 01:21:13,559
through, I don't trade through my personal
name because that doesn't exist because
1275
01:21:13,559 --> 01:21:18,150
everybody out there wants to know where
I live, what I, what I drive, you know,
1276
01:21:18,150 --> 01:21:21,870
where they can find me where I'm going
to be meeting at mine, uh, next meal.
1277
01:21:22,290 --> 01:21:23,790
And it's, it's ridiculous.
1278
01:21:29,040 --> 01:21:33,690
Watch the dollar on the left-hand
side, all the steel, all the Steve
1279
01:21:33,690 --> 01:21:44,349
Nelson candlestick traders here with
these inverted hammers decent, or
1280
01:21:44,349 --> 01:21:48,309
whoever's his name is that shows you
how much I care about the guy's work.
1281
01:22:07,455 --> 01:22:09,195
I have a, I just bought up yet Phillipe.
1282
01:22:09,585 --> 01:22:11,775
Um, last Tuesday,
1283
01:22:25,525 --> 01:22:26,245
it's a watch.
1284
01:22:26,665 --> 01:22:27,175
Sorry.
1285
01:22:27,894 --> 01:22:29,695
I got, I'm going to get
all kinds of emails.
1286
01:22:29,815 --> 01:22:34,465
Uh, some of the feedback I got was
like, Hey, uh, you got some good videos,
1287
01:22:36,085 --> 01:22:39,865
but uh, sometimes you talk, you're
talking to people that no one can see
1288
01:22:39,865 --> 01:22:41,695
those questions and it's annoying.
1289
01:22:41,934 --> 01:22:43,465
And I can imagine it
probably isn't knowing.
1290
01:22:44,724 --> 01:22:47,844
And this is the reason why it's, it would
be impossible for me to be doing live
1291
01:22:47,844 --> 01:22:50,755
trades with you in talking over them.
1292
01:22:50,905 --> 01:22:53,094
That's why when we do these, okay.
1293
01:22:53,934 --> 01:23:00,445
Once we start doing the high probability,
low resistance liquidity runs, the
1294
01:23:00,445 --> 01:23:03,625
delivery of that information is
going to be entirely through Twitter.
1295
01:23:03,955 --> 01:23:08,875
We will not be doing those live with
me, having real money behind it,
1296
01:23:08,875 --> 01:23:10,165
because I won't be able to focus.
1297
01:23:10,585 --> 01:23:12,625
There's just too many
things and I'll get nervous.
1298
01:23:13,014 --> 01:23:17,035
And when I'm trading, I want to make
sure I'm focused because money's at risk.
1299
01:23:17,755 --> 01:23:18,565
When it's like this.
1300
01:23:18,955 --> 01:23:22,855
I don't have any skin in the race and
it allows me to be able to be fluid.
1301
01:23:23,005 --> 01:23:24,625
Don't just talk about
what it should happen.
1302
01:23:43,430 --> 01:23:47,570
Um, I think it will be a recap in chart
only because we spent a lot of time so
1303
01:23:47,570 --> 01:23:52,760
far this morning, or what is this like
two and a half hours now, or two hours.
1304
01:24:03,540 --> 01:24:07,320
We should see a run through
that 96, 55 now on dollar.
1305
01:24:07,710 --> 01:24:12,750
And we should see expansion
to 32 forties, $1 CAD.
1306
01:24:15,800 --> 01:24:19,340
And that should close up the,
uh, profit taking hour on
1307
01:24:20,480 --> 01:24:22,460
Ellipta between 10 30 and 11.
1308
01:24:24,740 --> 01:24:28,010
We get to 30 to 40 trail.
1309
01:24:28,010 --> 01:24:31,970
Your stop loss up to 32 20.
1310
01:24:36,000 --> 01:24:38,370
It can't move there until
it goes to 30 to 40 though.
1311
01:24:39,360 --> 01:24:41,639
And then it's going to see if it
has any room to run those highs out.
1312
01:24:41,639 --> 01:24:42,389
We mentioned earlier.
1313
01:24:51,724 --> 01:24:54,094
Tom asks, is this a, is
this a short session?
1314
01:24:54,155 --> 01:24:57,335
And how long is the long session
going to be the long sessions when
1315
01:24:57,335 --> 01:24:59,795
I'm asking you guys that bring a
sleeping bag because we're actually
1316
01:24:59,795 --> 01:25:01,565
going to go through the entire 24 hour.
1317
01:25:01,985 --> 01:25:02,764
No, I'm just kidding.
1318
01:25:03,575 --> 01:25:09,134
No, this is just one of those days where
I got caught in, I don't know, one of
1319
01:25:09,134 --> 01:25:10,695
those days where I get caught up into it.
1320
01:25:17,315 --> 01:25:19,295
I don't know why any of you
will be complaining about how
1321
01:25:19,295 --> 01:25:20,254
much time you're spending here.
1322
01:25:20,254 --> 01:25:25,695
You're learning a lot of stuff who
cares as occasional talks about Bella.
1323
01:25:29,894 --> 01:25:31,514
There's no way for me to talk about this.
1324
01:25:31,514 --> 01:25:34,365
I mean, even if I sent you a tweet,
that would be annoying as hell.
1325
01:25:34,394 --> 01:25:37,875
If I had a Twitter account and it kept
going off, like every five minutes,
1326
01:25:38,355 --> 01:25:42,165
like when I send out a barrage
or a rant that would piss me off.
1327
01:25:42,254 --> 01:25:46,424
If that was going off every time,
just to read 140 characters, I
1328
01:25:46,424 --> 01:25:49,605
can't communicate this in a timely
fashion, but I can tell you what
1329
01:25:49,605 --> 01:25:51,165
should happen over to charge live.
1330
01:25:52,125 --> 01:25:53,384
And it's efficient this way.
1331
01:26:09,035 --> 01:26:09,845
What makes that strong?
1332
01:26:09,875 --> 01:26:12,575
What makes it a struggling
point is the folks they want
1333
01:26:12,575 --> 01:26:14,345
to see the setups and I get it.
1334
01:26:14,434 --> 01:26:14,855
Trust me.
1335
01:26:14,855 --> 01:26:15,394
I get that.
1336
01:26:15,934 --> 01:26:18,215
They want to see it in chart
form because they can't be
1337
01:26:18,605 --> 01:26:20,015
in front of the live session.
1338
01:26:20,045 --> 01:26:26,705
So they're equating value to this
mentorship, to that when I'm telling
1339
01:26:26,705 --> 01:26:31,115
them that, send that information to
me or that inquiry or concern is that
1340
01:26:31,115 --> 01:26:33,065
that's where we are transitioning into.
1341
01:26:33,934 --> 01:26:37,505
There will be a lot less of this
long-winded discussions, because
1342
01:26:37,505 --> 01:26:41,795
you all have already have reference
points where I can say, go back to
1343
01:26:41,795 --> 01:26:47,465
this day where I talked about this,
you know, help me bridge a barrier
1344
01:26:47,465 --> 01:26:52,505
that you would have, why I'm doing
certain things on Twitter charts only
1345
01:27:01,275 --> 01:27:01,545
Mona.
1346
01:27:06,565 --> 01:27:06,665
No.
1347
01:27:06,665 --> 01:27:08,845
I said, look at the dollar
on the left-hand side.
1348
01:27:08,875 --> 01:27:14,184
Now we're late in the session,
but do you see tops in the
1349
01:27:14,184 --> 01:27:15,385
marketplace for them like that?
1350
01:27:21,605 --> 01:27:23,195
Not, not, not usually.
1351
01:27:23,195 --> 01:27:27,365
Now, when did that close, you know
what it feels like that's the time
1352
01:27:27,365 --> 01:27:30,125
when you're short and you have
your stop rate above that 96 55.
1353
01:27:31,580 --> 01:27:33,420
And you break it, you
break out the prayer beads.
1354
01:27:46,400 --> 01:27:46,880
You will.
1355
01:27:46,910 --> 01:27:47,150
Yeah.
1356
01:27:47,150 --> 01:27:51,830
You would be taking profit, taking what
right now you want to see the expand.
1357
01:27:52,820 --> 01:27:56,870
See, they've already spent time in
here and we really haven't moved
1358
01:27:56,870 --> 01:27:58,160
that much above these highs yet.
1359
01:27:58,460 --> 01:27:59,120
That's what I'm saying.
1360
01:27:59,120 --> 01:28:01,700
We got to look for expansion
because they're going to want to
1361
01:28:01,700 --> 01:28:04,460
try to price exiting their loans.
1362
01:28:04,820 --> 01:28:08,360
They've accumulated on that run higher.
1363
01:28:09,200 --> 01:28:12,950
They, they're not, they're not
collapsing while it's down.
1364
01:28:13,400 --> 01:28:13,670
Okay.
1365
01:28:13,670 --> 01:28:18,320
They, they, they get out as it makes
a run higher because we see this
1366
01:28:18,320 --> 01:28:22,610
over here and we have a little bit
of left of time before we get to 11.
1367
01:28:22,610 --> 01:28:23,030
O'clock.
1368
01:28:24,019 --> 01:28:26,840
The expectation is we're going to see
this thing run through on the left-hand
1369
01:28:26,840 --> 01:28:31,609
side, on the dollar index, which frees
us up to run to potentially the 32 40.
1370
01:28:35,250 --> 01:28:35,759
Here we go.
1371
01:28:40,299 --> 01:28:42,019
If the baby, if
1372
01:28:46,660 --> 01:28:47,889
it's almost like remote control
1373
01:28:52,440 --> 01:28:56,370
in later months, you're going to swear
to God that I got control over what
1374
01:28:56,370 --> 01:28:57,809
you're seeing happening in your chart.
1375
01:29:02,210 --> 01:29:03,170
I'm not showing up yet.
1376
01:29:03,170 --> 01:29:06,440
I'm gradually getting used to this
stuff before I start really showing off,
1377
01:29:13,160 --> 01:29:20,450
um, 30 to 40 is for the 20 PIP stop
run, right mentor, uh, 30 to 40 is just
1378
01:29:20,450 --> 01:29:25,490
a round number running into the 30 to
44, which is a mean threshold of that
1379
01:29:26,300 --> 01:29:29,330
hourly, uh, bear shorter block right now.
1380
01:29:29,330 --> 01:29:29,990
We're hitting it.
1381
01:29:30,410 --> 01:29:31,639
We hit that level already.
1382
01:29:34,550 --> 01:29:36,080
So 30 to 44 has been hit.
1383
01:29:36,710 --> 01:29:41,660
And now we're going to see if it runs for
the liquidity pool up in this green area.
1384
01:29:41,990 --> 01:29:45,590
And if we get a run through, on dollar
index through this and get expansion,
1385
01:29:45,590 --> 01:29:49,849
now think if it runs through this
high, we expect 10 pips, which would
1386
01:29:49,849 --> 01:29:54,650
send it to what, 96, 65 or 20 pips.
1387
01:29:55,429 --> 01:30:00,530
If it runs that much of a great higher
for stops above it, 96 75, which
1388
01:30:00,530 --> 01:30:03,650
would give this room to go all the
way up here and clear out the equal
1389
01:30:03,650 --> 01:30:05,870
highs that we've outlined yesterday.
1390
01:30:11,550 --> 01:30:13,679
Uh, I don't know what's
coming out in the news.
1391
01:30:14,639 --> 01:30:20,700
Um, I, if it's not on an economic calendar
with high-impact or related around a
1392
01:30:20,700 --> 01:30:23,865
train idea, I don't really watch the news.
1393
01:30:23,865 --> 01:30:26,445
I don't care about it or a speech.
1394
01:30:26,955 --> 01:30:33,525
I avoid speeches unless it's going to
be yelling or joggy, if it's a speech
1395
01:30:33,554 --> 01:30:34,965
by anyone else, I could care less.
1396
01:30:42,525 --> 01:30:42,764
Yeah.
1397
01:30:42,764 --> 01:30:44,445
It might send it up into that area.
1398
01:30:46,514 --> 01:30:47,474
32 eighties.
1399
01:30:50,715 --> 01:30:54,745
I can put my more lucky day in my log.
1400
01:31:15,894 --> 01:31:16,285
Yeah.
1401
01:31:16,345 --> 01:31:21,804
Um, a lot of folks are really keyed up
about being long-term position traders and
1402
01:31:21,804 --> 01:31:23,155
they want to be in the daily timeframe.
1403
01:31:24,175 --> 01:31:26,455
Admittedly, I said this
in my free tutorials.
1404
01:31:26,665 --> 01:31:29,304
I just can't operate like that.
1405
01:31:29,394 --> 01:31:32,695
I mean, I can see the price action
is not going to outline those moves.
1406
01:31:32,695 --> 01:31:35,215
And it gives me an idea directional
bias to be trading as a short term
1407
01:31:35,215 --> 01:31:40,165
trader, but the whole dose positions
relative to the daily timeframe
1408
01:31:41,125 --> 01:31:42,865
and trade in that timeframe.
1409
01:31:43,434 --> 01:31:46,585
Holy cow, I just, I can't do that, man.
1410
01:31:46,644 --> 01:31:47,514
I can't bail out.
1411
01:31:47,525 --> 01:31:48,535
Good grief girl.
1412
01:31:55,755 --> 01:31:56,715
I can hear some of you right now.
1413
01:31:56,835 --> 01:31:58,035
This is so unprofessional.
1414
01:31:58,155 --> 01:32:00,345
I'm actually paying for this and
this guy's talking to his dog.
1415
01:32:03,165 --> 01:32:05,295
She turned a, she turns
a year old in two days.
1416
01:32:05,295 --> 01:32:05,655
Actually.
1417
01:32:14,335 --> 01:32:18,235
I, I see it, but I don't want to
acknowledge anyone that's saying they're
1418
01:32:18,235 --> 01:32:23,695
making money because I to do that would
indicate that I'm running a service
1419
01:32:23,875 --> 01:32:25,885
of signals and I'm not doing that.
1420
01:32:26,575 --> 01:32:31,615
So I see when you, I mean that stuff,
I just don't want to acknowledge it
1421
01:32:32,245 --> 01:32:34,135
because it should be just for you.
1422
01:32:36,655 --> 01:32:37,345
She's a boxer.
1423
01:32:44,595 --> 01:32:50,415
What was my worst trading loss in monetary
terms, bad execution, bad trades slippage.
1424
01:32:50,415 --> 01:32:55,905
One time event, bank interference
is I lost three and a half million
1425
01:32:55,905 --> 01:33:01,875
dollars in about oh 45 minutes.
1426
01:33:04,215 --> 01:33:04,695
Yeah.
1427
01:33:06,915 --> 01:33:07,245
Yeah.
1428
01:33:07,245 --> 01:33:09,105
We won't be talking
about that one too much.
1429
01:33:09,105 --> 01:33:10,775
Without any pain going all over.
1430
01:33:10,875 --> 01:33:12,885
It's sucked real bad.
1431
01:33:16,025 --> 01:33:16,205
Yeah.
1432
01:33:16,205 --> 01:33:18,785
That was the, that one
caused the emergency run.
1433
01:33:18,905 --> 01:33:20,315
I had to go to emergency
room when that one.
1434
01:33:22,155 --> 01:33:22,934
Losing my mind.
1435
01:33:26,245 --> 01:33:30,775
It was extremely overleveraged and I
did something really, really stupid,
1436
01:33:35,724 --> 01:33:36,625
completely avoidable.
1437
01:33:36,625 --> 01:33:39,025
If he'd listen to everything I'm
telling you to do none of those
1438
01:33:39,025 --> 01:33:41,455
horrific stories that you'll never
have to encounter that stuff.
1439
01:33:45,985 --> 01:33:51,985
Uh, what I learned from that mistake
was don't look for the maximum payout
1440
01:33:52,014 --> 01:33:55,525
in the short span of time, ahead
of a interest rate announcement.
1441
01:33:56,514 --> 01:33:57,445
That's what I learned.
1442
01:33:57,655 --> 01:33:58,315
Don't do that.
1443
01:34:05,005 --> 01:34:06,595
It was, yeah, it was a young trade.
1444
01:34:24,045 --> 01:34:25,775
Well, it's only, not only that one.
1445
01:34:25,804 --> 01:34:30,045
I have another trade where I was
managing other people's money and I
1446
01:34:30,045 --> 01:34:37,635
had to stop on and FXCM didn't honor
the stop and I lost $50,000 of other
1447
01:34:37,635 --> 01:34:41,385
people's money and actually had to
give them my own money to pay for
1448
01:34:41,385 --> 01:34:43,184
that because I didn't want them to.
1449
01:34:44,385 --> 01:34:44,775
Number one.
1450
01:34:44,775 --> 01:34:47,745
I didn't want them to incur that
loss, but I had to break that
1451
01:34:47,745 --> 01:34:50,235
business relationship with them
and it caused a lot of bad blood.
1452
01:34:50,595 --> 01:34:51,495
They didn't lose any money.
1453
01:34:51,555 --> 01:34:55,125
I paid for it out of my own pocket
because I felt it was the right thing
1454
01:34:55,125 --> 01:34:59,925
to do, but they still have animosity
because I won't trade for them anymore.
1455
01:35:00,285 --> 01:35:04,485
And Dave asked many times and I just
don't want to do it because it just
1456
01:35:04,695 --> 01:35:07,545
highlighted the fact that, you know,
those types of things can happen.
1457
01:35:08,505 --> 01:35:12,225
And that type of stuff is why FXCM got
a lot of trouble and they were fined.
1458
01:35:24,635 --> 01:35:29,435
Um, the question is, is, is it typical
for brokers to screw you on your stop?
1459
01:35:30,725 --> 01:35:34,445
Well, you're going to find yourself
doing that to yourself more than the
1460
01:35:34,445 --> 01:35:37,805
broker, because you're gonna be doing
the very things that you shouldn't
1461
01:35:37,805 --> 01:35:39,095
be doing by placing your stop there.
1462
01:35:40,935 --> 01:35:46,335
So what, you're, what you're learning
this month by way of looking at trades and
1463
01:35:46,365 --> 01:35:52,185
managing the trade, you're going to learn
where the best place to have your stop is.
1464
01:35:52,275 --> 01:35:53,955
And when is it the right time to move it?
1465
01:35:54,675 --> 01:36:01,095
Um, there is actually, um, relative
to, uh, her, uh, Periscope.
1466
01:36:01,095 --> 01:36:03,375
I think it was by Tom Dante.
1467
01:36:03,405 --> 01:36:05,925
He, uh, he said that there's
no such thing as a free trade.
1468
01:36:06,405 --> 01:36:07,815
There's all kinds of free trades.
1469
01:36:07,815 --> 01:36:09,075
I have lots of free trades.
1470
01:36:09,285 --> 01:36:11,595
Um, but you gotta get to
the point where it becomes.
1471
01:36:12,540 --> 01:36:15,509
Um, at initially every
trade is a losing trade.
1472
01:36:15,719 --> 01:36:17,820
Every single trader is a
losing trader in the beginning.
1473
01:36:18,599 --> 01:36:20,009
You know, you're you have costs.
1474
01:36:20,009 --> 01:36:20,509
They were common.
1475
01:36:20,509 --> 01:36:23,190
I don't care if you're trading
commission-based or if you're
1476
01:36:23,190 --> 01:36:27,120
trading them with a spread, you are
starting every trade as a loser.
1477
01:36:27,870 --> 01:36:29,550
And how you manage your way out of that.
1478
01:36:29,550 --> 01:36:33,330
Losing trade defined you
as a profitable trader.
1479
01:36:34,290 --> 01:36:35,639
Every one of us are losers.
1480
01:36:36,360 --> 01:36:38,910
Not all of us can trade our
way out of a losing trade.
1481
01:36:39,540 --> 01:36:42,870
The ones that have longevity in
this industry make a career out of
1482
01:36:42,870 --> 01:36:44,519
turning, losing trades into winners.
1483
01:36:45,360 --> 01:36:49,290
The problem is, is everyone believes that
their trades a winner, and it can't not be
1484
01:36:49,290 --> 01:36:55,030
any other way, but that, so when the idea
is that you there's no such thing as a
1485
01:36:55,030 --> 01:37:00,460
free trade that's on my optic view because
your ideal situation is to pay yourself
1486
01:37:01,059 --> 01:37:04,059
and then move your stop to a point at
which even if it comes down to hit you,
1487
01:37:05,469 --> 01:37:07,480
it can, it can get through your stop.
1488
01:37:07,570 --> 01:37:09,009
And that's happened to me before.
1489
01:37:09,490 --> 01:37:13,389
So just because you have your stop and
you've moved it to break even, there's
1490
01:37:13,389 --> 01:37:14,830
no such thing as breakeven there.
1491
01:37:15,490 --> 01:37:19,000
That's why when I move, I want to
try to price in something I want to
1492
01:37:19,000 --> 01:37:21,040
put at least 10 pips in my favor.
1493
01:37:21,759 --> 01:37:27,190
Once I collect a portion of the move
and I pay myself, I want to be able
1494
01:37:27,190 --> 01:37:31,000
to have a little bit of cushion from
where I got in it and where the stop is.
1495
01:37:31,000 --> 01:37:33,130
So I have about 10 pips
is where I'm aiming for.
1496
01:37:33,160 --> 01:37:38,139
That's the objective on every trade I
want to plus 10 and being open, you know,
1497
01:37:38,139 --> 01:37:40,380
open profit, reaching for higher up.
1498
01:37:43,525 --> 01:37:46,465
Now, looking at this right here,
we have a down candle right there.
1499
01:37:46,585 --> 01:37:47,905
So you're going to be watching that one.
1500
01:37:48,325 --> 01:37:51,355
If it loses the middle of this
candle here, it's going to want to
1501
01:37:51,355 --> 01:37:52,795
come, come down to this level here.
1502
01:37:52,795 --> 01:37:55,434
And that's not, you don't want
to see that because at the time
1503
01:37:55,434 --> 01:37:56,394
of day, you don't want that.
1504
01:37:56,785 --> 01:37:58,795
You want to see it coming down
here, find some support this
1505
01:37:58,795 --> 01:38:00,985
down candle and then run again.
1506
01:38:02,934 --> 01:38:05,965
And in dollar should be running through
this high here, because so far it's only
1507
01:38:05,965 --> 01:38:08,275
kissed the top of that, that candle.
1508
01:38:09,384 --> 01:38:10,615
And again, that just doesn't happen.
1509
01:38:10,675 --> 01:38:12,115
They just run it through there.
1510
01:38:23,384 --> 01:38:23,804
Yeah.
1511
01:38:23,804 --> 01:38:25,545
There's a lot of stuff in the mentorship.
1512
01:38:25,575 --> 01:38:30,884
I could literally do two hour
discussion about the things you're
1513
01:38:30,884 --> 01:38:32,085
going to learn in the mentorship.
1514
01:38:32,594 --> 01:38:35,985
But the only thing it's going to do
is create more email questions, more
1515
01:38:35,985 --> 01:38:37,634
questions during the presentations.
1516
01:38:38,115 --> 01:38:39,105
Can you talk about this?
1517
01:38:39,105 --> 01:38:40,155
And can you talk about that?
1518
01:38:40,634 --> 01:38:45,134
And it creates a distraction for me, which
ends up becoming these types of sessions.
1519
01:38:47,925 --> 01:38:50,655
You ended up send me down all
these rabbit trails in the night.
1520
01:38:50,684 --> 01:38:52,514
Once I get interested in
talking, I won't shut up.
1521
01:38:53,565 --> 01:38:57,134
You dead pulls a Merc with the mouth and
unlike the four extra with the mouth,
1522
01:38:57,165 --> 01:38:58,785
once you get me started on, shut up,
1523
01:39:03,335 --> 01:39:05,285
my troll will say I have
diarrhea of the mouth.
1524
01:39:07,264 --> 01:39:08,465
Not always, but generally.
1525
01:39:08,465 --> 01:39:08,554
Yeah.
1526
01:39:14,139 --> 01:39:15,370
If I wasn't talking.
1527
01:39:15,490 --> 01:39:17,019
Imagine if we were just sitting
here looking at the charts,
1528
01:39:17,050 --> 01:39:18,460
what would, what would you do?
1529
01:39:20,719 --> 01:39:21,440
I mean, it's boring.
1530
01:39:21,469 --> 01:39:25,070
How could you, how could you be engaged
about what it is I'm sharing with you?
1531
01:39:25,639 --> 01:39:28,340
Unless I'm talking, I mean, the tr
the charts got to move around before
1532
01:39:28,340 --> 01:39:30,019
we get to a next level of discussion.
1533
01:39:32,360 --> 01:39:32,900
Come on.
1534
01:39:45,150 --> 01:39:45,480
Okay.
1535
01:39:45,480 --> 01:39:47,550
So right now we cleared
the, uh, dollar high.
1536
01:39:48,120 --> 01:39:51,269
And now, because we're above
it, we should see expansion.
1537
01:39:51,269 --> 01:39:53,940
This candle should expand 10 pips.
1538
01:39:55,349 --> 01:39:57,750
And then if it gets a run 20 pips
1539
01:40:12,040 --> 01:40:12,880
man alive,
1540
01:40:21,469 --> 01:40:22,940
this is still a slow market, though.
1541
01:40:25,610 --> 01:40:29,360
I hope we get all kinds of volatility
with our elections because man,
1542
01:40:29,360 --> 01:40:31,309
that'll make our mentorship amazing.
1543
01:40:31,429 --> 01:40:33,080
You'll have all kinds of stories to share.
1544
01:40:34,424 --> 01:40:35,985
Probably we'll be moving 300 pips a day.
1545
01:40:35,985 --> 01:40:37,844
We'll be in there taking 80% of the range.
1546
01:40:37,875 --> 01:40:38,625
It'd be awesome.
1547
01:40:39,615 --> 01:40:40,155
Awesome.
1548
01:40:55,964 --> 01:40:56,325
Yeah.
1549
01:41:07,835 --> 01:41:12,695
I personally think that I'm going to
just give you a chart on levels of watch
1550
01:41:12,695 --> 01:41:17,615
for, um, non-farm payroll going forward.
1551
01:41:18,335 --> 01:41:23,945
I don't want to, uh, I don't want to spend
too much time over top of that in waste.
1552
01:41:24,365 --> 01:41:27,214
Cause there's those days typically I
can get into conversation like today
1553
01:41:27,634 --> 01:41:29,195
where we're going along long time,
1554
01:41:42,365 --> 01:41:43,235
insensitive, straight.
1555
01:41:43,245 --> 01:41:46,264
It's a trading day that
isn't a trading day for me.
1556
01:41:46,775 --> 01:41:49,504
It's just a watch and
see what they do with it.
1557
01:41:50,464 --> 01:41:54,995
And if it's a know, if it's
a big move, great, we use it.
1558
01:41:54,995 --> 01:41:55,594
We study it.
1559
01:41:55,605 --> 01:41:57,214
We can reflect on what they ran.
1560
01:41:58,335 --> 01:42:02,595
Convince herself, you know, with more,
more evidence that price isn't random.
1561
01:42:02,685 --> 01:42:05,955
It goes to specific reference points
relative to institutional order flow.
1562
01:42:06,525 --> 01:42:10,845
And by having those examples, even
on a high volatility day, it just
1563
01:42:10,845 --> 01:42:13,725
indicates, I mean, think about before
you started learning all this stuff.
1564
01:42:14,295 --> 01:42:17,355
You know, when I used to look at
non-farm payroll, I would look at it
1565
01:42:17,355 --> 01:42:19,635
and say, what the hell is all this?
1566
01:42:19,995 --> 01:42:25,365
And it would look random by all
indications, looking at a non-farm
1567
01:42:25,365 --> 01:42:32,265
payroll day, typically indicates what
randomness, it looks like a carnival ride.
1568
01:42:32,625 --> 01:42:34,695
It looks like, you know,
what the hell is going on?
1569
01:42:34,995 --> 01:42:37,015
You know, what's going on, the one
that's coming up, it's going down.
1570
01:42:37,015 --> 01:42:38,115
And then it goes right back to the middle.
1571
01:42:38,385 --> 01:42:42,135
You know, how do you look at that and
say, well, I'm going to be an investor.
1572
01:42:42,495 --> 01:42:45,644
It doesn't, it doesn't bode well
for wanting to put money into a
1573
01:42:45,644 --> 01:42:46,785
market when you see stuff like that.
1574
01:42:47,505 --> 01:42:49,875
But when you understand it in
the context of what I teach,
1575
01:42:50,655 --> 01:42:52,815
they only going to levels.
1576
01:42:53,055 --> 01:42:56,925
That makes sense on an institutional
basis, they're running stops.
1577
01:42:57,255 --> 01:43:00,555
They're going back to fair value or
they're pulling it back to equilibrium.
1578
01:43:01,965 --> 01:43:06,765
But because there's so much
uncertainty about that day, it's not
1579
01:43:06,765 --> 01:43:10,394
economical for you as a trader to
risk life funds it's as simply as it
1580
01:43:10,394 --> 01:43:11,685
ain't worth it, it's not worth it.
1581
01:43:12,495 --> 01:43:15,495
Even though there's all kinds of wonderful
opportunities, you'll be able to show
1582
01:43:15,495 --> 01:43:19,785
after the fact or even demonstrate it,
you know, just because you can do that.
1583
01:43:19,785 --> 01:43:22,585
And I've shown it this year, I've
done it a couple of times a year.
1584
01:43:23,384 --> 01:43:27,315
Where I either traded it in a demo, or I
showed you a where the market's going to
1585
01:43:27,315 --> 01:43:30,045
go beforehand, just because I can do that.
1586
01:43:30,045 --> 01:43:32,295
Doesn't mean I'm going to go in
here and trade it with live money.
1587
01:43:32,295 --> 01:43:33,285
It doesn't make any sense.
1588
01:43:33,884 --> 01:43:36,375
I want to have it where it's
really loaded in my favor.
1589
01:43:36,674 --> 01:43:39,134
And it's just so stupid for getting
me not to take a trade on it,
1590
01:43:39,884 --> 01:43:43,424
then, you know, that's when I'm in
there, but then non-farm payroll.
1591
01:43:43,424 --> 01:43:44,415
That's not a day to do that.
1592
01:43:46,344 --> 01:43:52,105
Anybody tells you otherwise, you're
just there fulls, generally get these
1593
01:43:52,105 --> 01:43:56,155
guys the hot shot, Facebook traders,
or new traders with demo counts.
1594
01:43:56,155 --> 01:43:57,504
And they've never done anything before.
1595
01:43:58,014 --> 01:44:01,375
Um, they're like, yeah, well, I'm going
to get in there and trade nonfarm payroll.
1596
01:44:01,375 --> 01:44:02,424
I'm going to make my bank.
1597
01:44:03,254 --> 01:44:04,585
I'm gonna make my Sheta.
1598
01:44:07,134 --> 01:44:08,035
You don't know what you're doing.
1599
01:44:08,035 --> 01:44:08,485
Get out of here.
1600
01:44:16,144 --> 01:44:19,264
Um, I took a trade last week and cable.
1601
01:44:19,264 --> 01:44:20,165
It was a London session.
1602
01:44:20,165 --> 01:44:25,924
And I say that in honesty, because you
asked, but the point is, is I have to
1603
01:44:25,924 --> 01:44:29,525
make money outside of what we're doing.
1604
01:44:29,915 --> 01:44:34,325
And I'm focusing primarily on the New
York session because it allows me a lot
1605
01:44:34,325 --> 01:44:38,795
of opportunity and it gives me a lot of
context to be able to go back to when
1606
01:44:38,795 --> 01:44:43,565
we start in the third month with London
setups, I have to take the entire month
1607
01:44:43,625 --> 01:44:49,655
off of November in my own trading,
because we'll be doing live sessions
1608
01:44:49,865 --> 01:44:52,394
with London and I can't do live sessions.
1609
01:44:53,519 --> 01:44:58,260
So everything we do in the
third month, we'll all be the
1610
01:44:58,260 --> 01:44:59,820
only activity you see me do.
1611
01:44:59,820 --> 01:45:03,990
And it'll all be demo, but I've
been I've, I've taken three trades
1612
01:45:04,139 --> 01:45:08,130
this, since the mentorships, uh,
started, I've only taken three
1613
01:45:08,130 --> 01:45:09,840
trades and they were London sessions.
1614
01:45:25,490 --> 01:45:29,630
Um, I'm not sure what you
mean by that question, cliff.
1615
01:45:29,809 --> 01:45:31,160
Just reword it again, please.
1616
01:45:35,150 --> 01:45:35,840
Yeah.
1617
01:45:35,960 --> 01:45:38,990
Between all three of
them on ended 175 pips,
1618
01:45:42,200 --> 01:45:44,690
actually it was a little under 175 pips,
1619
01:45:52,490 --> 01:45:55,910
very quick to take a majority
of my first profit off.
1620
01:45:55,910 --> 01:45:59,630
So it freed me up emotionally
and psychologically going
1621
01:45:59,630 --> 01:46:00,710
into the New York session.
1622
01:46:07,920 --> 01:46:10,769
Some of those setups David
that you're asking about were
1623
01:46:10,769 --> 01:46:12,010
actually discussed and shown.
1624
01:46:12,900 --> 01:46:17,190
Previous charts that I don't want
to show you because it, all it does.
1625
01:46:17,190 --> 01:46:21,540
Is it revisits the idea that it's
hindsight stuff again, and it's not,
1626
01:46:21,599 --> 01:46:22,679
I don't want you to think of that.
1627
01:46:22,709 --> 01:46:25,709
I mean, we're talking about live
events here in CAD before it happens.
1628
01:46:29,049 --> 01:46:31,570
I want to focus primarily on this
stuff that it's going to happen next.
1629
01:46:31,570 --> 01:46:33,549
I don't want you to worry
about what I did my money.
1630
01:46:33,549 --> 01:46:36,070
That's all hindsight stuff,
and you're going to learn all
1631
01:46:36,070 --> 01:46:36,969
of the reasons why I did it.
1632
01:46:37,299 --> 01:46:41,469
And throughout this entire
course, there, we get an expansion
1633
01:46:41,469 --> 01:46:44,410
now and the us dollar index.
1634
01:46:44,410 --> 01:46:49,059
So we should be free to start seeing an
expansion on dollar cat on the right.
1635
01:47:14,240 --> 01:47:16,519
Are you asking specifically
about this day cliff?
1636
01:47:22,240 --> 01:47:26,379
Yeah, that's why we were focusing
on this day because it had one event
1637
01:47:26,589 --> 01:47:33,099
high-impact at eight 30 for dollar, and
we only have one medium impact event for
1638
01:47:33,129 --> 01:47:35,440
cat until this time of day right now.
1639
01:47:36,250 --> 01:47:38,679
So it makes it easier to
pick the direction of where
1640
01:47:38,679 --> 01:47:39,400
they're going to reach for the.
1641
01:47:40,870 --> 01:47:43,600
And if this is all there, if
this is all the happens for the
1642
01:47:43,600 --> 01:47:44,980
remainder of the day, this is it.
1643
01:47:45,240 --> 01:47:48,940
We made the high today
right here, in my opinion.
1644
01:47:49,630 --> 01:47:54,280
And I'm biased because I'm the mentor,
but I'm telling you that this is
1645
01:47:54,400 --> 01:47:56,680
in my opinion, this is a good day.
1646
01:47:58,670 --> 01:48:02,930
I mean, the things we outlined, the
things that we discussed came to fruition.
1647
01:48:03,710 --> 01:48:07,490
And while the gray, I mean the green
area above us, that would be the
1648
01:48:07,490 --> 01:48:09,260
ultimate objective to see expansion.
1649
01:48:09,260 --> 01:48:12,740
If we could get some kind of a
run, is that necessary to have made
1650
01:48:12,740 --> 01:48:15,200
money today on this dollar cat?
1651
01:48:18,750 --> 01:48:19,860
No, it's not necessary.
1652
01:48:20,130 --> 01:48:23,010
It's you got 40 pips in this already.
1653
01:48:33,750 --> 01:48:34,500
Euro.
1654
01:48:34,590 --> 01:48:36,840
I am not touching that thing, man.
1655
01:48:40,520 --> 01:48:44,000
Look, I'm just going to say it like this,
and then you just watch what happens.
1656
01:48:44,690 --> 01:48:49,550
Deutsche bank is in some deep, deep shit.
1657
01:48:50,270 --> 01:48:52,280
They are in some real trouble.
1658
01:48:53,270 --> 01:48:55,580
We're on Lehman brothers on steroids.
1659
01:48:55,670 --> 01:48:56,090
Okay.
1660
01:48:56,750 --> 01:49:02,200
So if you, I just can't say it enough.
1661
01:49:02,260 --> 01:49:03,820
You gotta be real careful.
1662
01:49:04,270 --> 01:49:04,980
You gotta be real, real.
1663
01:49:19,040 --> 01:49:20,180
Trading the Euro dollars.
1664
01:49:20,180 --> 01:49:20,450
What else?
1665
01:49:20,450 --> 01:49:21,650
Referring to being careful.
1666
01:49:27,250 --> 01:49:29,530
If you have money in Deutsche
bank, you need to get it out.
1667
01:49:29,530 --> 01:49:30,520
Let's just say it like that.
1668
01:49:31,030 --> 01:49:32,290
And I'm not bullshitting you.
1669
01:49:32,350 --> 01:49:33,250
You need to get your money.
1670
01:49:33,310 --> 01:49:33,670
Now
1671
01:49:46,160 --> 01:49:50,810
they've already tested
the withdrawal controls.
1672
01:49:51,620 --> 01:49:53,270
Certain accounts were locked out.
1673
01:49:53,270 --> 01:49:54,410
They couldn't get their cash out.
1674
01:50:02,110 --> 01:50:02,350
Yeah.
1675
01:50:02,350 --> 01:50:04,960
Had stocks for dosha bank is DB.
1676
01:50:05,380 --> 01:50:08,020
You can see how lovely that
market structure has been.
1677
01:50:09,050 --> 01:50:12,910
It's been, it's been a nice
ski ride down, lower and lower.
1678
01:50:28,480 --> 01:50:33,520
I see your comment that bot I I'm going
to close it with the discussion on it.
1679
01:50:36,094 --> 01:50:39,035
When we do the exercises while we're
actually let's do it now, because
1680
01:50:39,245 --> 01:50:41,045
you've mentioned a couple of different
times, and I don't want you to get
1681
01:50:41,045 --> 01:50:42,424
offended by me not talking about it.
1682
01:50:43,804 --> 01:50:49,474
Uh, the Aussie dollar last
night, for those that were in,
1683
01:50:52,365 --> 01:50:56,205
in this session, we'd looked at,
1684
01:51:00,214 --> 01:51:01,955
and we'll say this and
we'll close the session.
1685
01:51:01,955 --> 01:51:04,174
Cause I need to get something to
eat and get some medicine in me.
1686
01:51:06,905 --> 01:51:10,384
We looked at the Australian dollar.
1687
01:51:10,384 --> 01:51:16,255
We had a high-impact news event at
eight 30 last night in New York time.
1688
01:51:17,365 --> 01:51:21,924
And this trading time of the
day is not terribly exciting.
1689
01:51:23,605 --> 01:51:25,674
So the delineations of the day is here.
1690
01:51:27,505 --> 01:51:32,634
Usually this is, um, for
its LTD division of time.
1691
01:51:33,474 --> 01:51:35,605
So it's inside of the Asian session.
1692
01:51:35,605 --> 01:51:38,035
So nothing terribly exciting about it.
1693
01:51:39,144 --> 01:51:40,915
And let me go out to a 15
minute timeframe cause that's
1694
01:51:40,915 --> 01:51:42,054
what we were really looking at.
1695
01:51:49,434 --> 01:51:49,735
Okay.
1696
01:51:49,735 --> 01:51:55,405
So the purpose of the session was, again,
what we mentioned this morning, or a
1697
01:51:55,405 --> 01:51:59,065
couple of times during this session, this
long-winded marathon session of the day.
1698
01:51:59,815 --> 01:52:03,474
The, uh, I got to come up with a
disclaimer with this one because it's.
1699
01:52:04,380 --> 01:52:07,740
Shocking when they see how long
this one is before they click on it.
1700
01:52:08,460 --> 01:52:12,210
The time of day is
during the Asian session.
1701
01:52:13,320 --> 01:52:16,980
If you've followed my work, I teach
that the agent session is usually
1702
01:52:16,980 --> 01:52:21,120
when the accumulation phase of the
market, uh, daily range is formed.
1703
01:52:21,929 --> 01:52:24,570
So if that's the case,
what we're saying is,
1704
01:52:33,170 --> 01:52:37,010
and I'm not going to, usually this is a
red red line, but you'll have to permit
1705
01:52:37,010 --> 01:52:43,580
me some Liberty here, do this with just
the blue lines is the bracket that out.
1706
01:52:48,860 --> 01:52:51,320
So we have this entire range in here.
1707
01:52:52,219 --> 01:52:52,700
Okay.
1708
01:52:53,780 --> 01:53:00,160
We were watching price relative
to this run-up we highlighted
1709
01:53:00,160 --> 01:53:04,059
this bullshit we're block we're
inside of the Asian range here.
1710
01:53:05,900 --> 01:53:08,719
And the only thing we saw
was the market come down.
1711
01:53:08,870 --> 01:53:11,420
We identified this level initially
that we were going to watch, see if
1712
01:53:11,420 --> 01:53:14,150
we're gonna get a response there,
the first objective, wasn't going
1713
01:53:14,150 --> 01:53:15,410
to watch it close in this range.
1714
01:53:15,830 --> 01:53:17,389
If it comes down here,
we would look for that.
1715
01:53:17,929 --> 01:53:19,670
We ended up getting that right to the PIP.
1716
01:53:20,030 --> 01:53:21,740
It came to 76, 19.
1717
01:53:21,740 --> 01:53:22,460
Exactly.
1718
01:53:23,960 --> 01:53:24,290
Where's that?
1719
01:53:24,290 --> 01:53:24,530
Yeah.
1720
01:53:25,309 --> 01:53:28,309
76, 19, which is the opening
on this camera, which is what
1721
01:53:28,309 --> 01:53:29,510
we referenced in the video.
1722
01:53:30,019 --> 01:53:30,800
76 19.
1723
01:53:31,605 --> 01:53:34,934
And we were looking for a potential
run up clear these legal, equal highs,
1724
01:53:34,934 --> 01:53:37,095
and maybe even make a run up into here.
1725
01:53:37,605 --> 01:53:42,135
That's all I was looking for if it
was going to occur at all, but because
1726
01:53:42,165 --> 01:53:47,894
of the time of day and the nature of
that news release, even though it's
1727
01:53:47,925 --> 01:53:53,655
labeled as a high impact news event,
time of day included even the divorce
1728
01:53:53,655 --> 01:53:57,825
or block the liquidity, void, all
those things there, it didn't give
1729
01:53:57,825 --> 01:53:59,175
us any willingness to go higher.
1730
01:53:59,894 --> 01:54:03,165
They only give us a little minor, a little
retracement into a void and that's it.
1731
01:54:03,345 --> 01:54:03,825
Battle luck.
1732
01:54:03,855 --> 01:54:04,755
Good grief, man.
1733
01:54:06,555 --> 01:54:11,355
So if we have, I don't know
if you guys can hear that, but
1734
01:54:11,355 --> 01:54:12,525
that is absolutely incredible.
1735
01:54:12,525 --> 01:54:19,755
She sounds like a man
snoring about none of that.
1736
01:54:20,325 --> 01:54:24,075
So we had the secondary of
what we were looking for.
1737
01:54:24,795 --> 01:54:25,155
Yeah.
1738
01:54:25,394 --> 01:54:26,355
We'll be glad you can't.
1739
01:54:26,355 --> 01:54:27,345
Cause it's noxious.
1740
01:54:27,855 --> 01:54:32,974
So we have the down candle
price hits that right in here.
1741
01:54:33,665 --> 01:54:33,965
Okay.
1742
01:54:33,965 --> 01:54:36,724
And then we see all that response
going up in this little void.
1743
01:54:40,805 --> 01:54:45,665
I don't know the, uh, the unwillingness
to get above these highs in here.
1744
01:54:45,905 --> 01:54:52,175
I told you focus on the stop would be
at, uh, below this, this candle here.
1745
01:54:52,625 --> 01:54:57,665
So it would have to be below 75 96.
1746
01:54:57,665 --> 01:54:59,885
So your stock minimum would be 75 95.
1747
01:55:01,870 --> 01:55:03,670
And I think I hit it
right here on this candle.
1748
01:55:07,140 --> 01:55:07,680
Not that one.
1749
01:55:12,750 --> 01:55:13,920
That's the one that hit it right there.
1750
01:55:13,920 --> 01:55:15,120
That's where it got stopped.
1751
01:55:15,600 --> 01:55:18,960
So it wasn't a lot of risk on the
trade, but the exercise was to
1752
01:55:18,960 --> 01:55:27,010
give you a feeling for trading the
time of day, where we're a move of
1753
01:55:27,010 --> 01:55:29,080
significance should not be forming.
1754
01:55:29,950 --> 01:55:34,630
Even having all the ideas and giving all
the reasons for why it should reach above
1755
01:55:34,660 --> 01:55:38,590
equal highs, why it should run these
equal highs here, even though we have
1756
01:55:39,080 --> 01:55:41,110
a void, we have a bullish or a block.
1757
01:55:42,100 --> 01:55:44,500
If you just trade on those
reasons alone, you're going to,
1758
01:55:44,620 --> 01:55:45,580
you're going to encounter this.
1759
01:55:45,580 --> 01:55:49,240
And here's the thing you're going
to encounter this also during the
1760
01:55:49,240 --> 01:55:52,809
New York and London session, the
trades won't line up with you,
1761
01:55:53,740 --> 01:55:56,950
the, the adversities behind this.
1762
01:55:57,190 --> 01:56:00,400
Now think about it, take everything.
1763
01:56:00,940 --> 01:56:02,470
What we've been talking about the dollar.
1764
01:56:02,800 --> 01:56:03,070
Okay.
1765
01:56:03,070 --> 01:56:05,830
Not just because of today, but where
have we been calling the dollar
1766
01:56:11,730 --> 01:56:12,540
specifically?
1767
01:56:12,540 --> 01:56:13,920
Where have we been calling the dollar?
1768
01:56:21,090 --> 01:56:22,290
96, 55.
1769
01:56:22,740 --> 01:56:26,040
So as long as price on the
dollar index is below 96, 55.
1770
01:56:28,440 --> 01:56:30,300
We are bearish dollar, a bullish dollar.
1771
01:56:35,280 --> 01:56:35,730
Okay.
1772
01:56:35,940 --> 01:56:36,840
And now what did I say?
1773
01:56:37,170 --> 01:56:39,000
Excuse me, what did I say at
the beginning of this recording?
1774
01:56:39,780 --> 01:56:47,160
Four hours ago, almost if we are
bullish dollar, what does that equate
1775
01:56:47,160 --> 01:56:51,570
to for foreign currencies that start
their parent name with anything
1776
01:56:51,570 --> 01:56:54,660
other than the dollar it's bearish.
1777
01:56:57,460 --> 01:57:03,310
So even if we can make justifications,
even with high-impact news, even with
1778
01:57:03,310 --> 01:57:09,640
technical ideas, voids, bull, shorter
blocks, clean highs, all that business.
1779
01:57:09,850 --> 01:57:10,300
Okay.
1780
01:57:10,540 --> 01:57:11,410
It could have done that.
1781
01:57:11,410 --> 01:57:12,100
And it's great.
1782
01:57:13,210 --> 01:57:17,710
I'd be able to say, okay, this is
one time where it worked, but it's
1783
01:57:17,710 --> 01:57:22,960
against the ideas that the market
should be focusing your attention on.
1784
01:57:23,200 --> 01:57:24,450
It's been bullish dollars.
1785
01:57:24,450 --> 01:57:28,270
So that means you should be focusing on
what foreign currencies shorting them.
1786
01:57:30,160 --> 01:57:34,540
Now, if you're new and you watched that
exercise last night, and a couple of you
1787
01:57:34,540 --> 01:57:36,160
just started your mentor, sit with me.
1788
01:57:36,580 --> 01:57:40,120
And you're probably looking at that
and saying, well, that was stupid.
1789
01:57:40,420 --> 01:57:43,360
It didn't pan out and you're
already questioning why you're here.
1790
01:57:44,230 --> 01:57:48,430
And that's the reason why I'm telling
you, focusing on the exercises, give you
1791
01:57:48,430 --> 01:57:50,620
experience so that we can refer back to.
1792
01:57:51,630 --> 01:57:54,900
What it is that it feels like when
you go against the elements that
1793
01:57:54,900 --> 01:57:57,599
we've been talking about every
time we talk about the dollar we've
1794
01:57:57,599 --> 01:57:58,650
been calling the dollar higher.
1795
01:57:59,910 --> 01:58:02,280
So if I'm calling the dollar
higher and I'm putting you in
1796
01:58:02,280 --> 01:58:06,660
an exercise, that's against that
premise, what is your takeaway?
1797
01:58:06,660 --> 01:58:10,410
What do you, what's the benefit of
doing it as a new trader or someone
1798
01:58:10,410 --> 01:58:13,080
they only want to focus on finding
productive trades or getting sick.
1799
01:58:13,080 --> 01:58:15,420
Those from me, you're going to
say it's a waste of your time.
1800
01:58:16,980 --> 01:58:17,820
That's what you're feeling.
1801
01:58:18,180 --> 01:58:20,400
You're wanting to chase
the profitable entries.
1802
01:58:20,700 --> 01:58:22,980
And I'm telling you to get to that.
1803
01:58:23,190 --> 01:58:26,880
You have to know what it feels like to
be doing these types of things and know
1804
01:58:26,880 --> 01:58:29,250
why it's not going to pan out for you.
1805
01:58:29,250 --> 01:58:33,120
And here's the thing there's going to
be times when you have the technicals
1806
01:58:33,120 --> 01:58:34,740
in your favor, or do you believe you do?
1807
01:58:35,190 --> 01:58:39,090
And when you take the trade, it doesn't
pan out, but you have to be able to see
1808
01:58:39,300 --> 01:58:40,980
where the trade no longer is viable.
1809
01:58:41,700 --> 01:58:46,019
We can break it down, not have to take
a full stop frame, the trade on really,
1810
01:58:46,019 --> 01:58:48,480
really low risk use, low objectives.
1811
01:58:49,590 --> 01:58:52,620
All these things are actually
benefiting you in terms of experience.
1812
01:58:53,700 --> 01:58:55,950
Some of you are going to say, well,
I know what it feels like to lose.
1813
01:58:55,950 --> 01:58:56,490
I've done that.
1814
01:58:56,490 --> 01:58:57,420
That's why I signed up.
1815
01:58:59,099 --> 01:59:04,680
But you have to know what it feels
like to do that with a perspective.
1816
01:59:04,680 --> 01:59:07,110
That makes sense just because you
lost money doesn't mean anything.
1817
01:59:07,980 --> 01:59:11,130
I mean, even as a profitable trader
consistently over a long period
1818
01:59:11,130 --> 01:59:12,210
time, you're still losing money.
1819
01:59:12,720 --> 01:59:16,320
You're going to have losing trades,
but you gotta be able to differentiate.
1820
01:59:16,410 --> 01:59:17,880
When I tell you that it's a set-up.
1821
01:59:19,880 --> 01:59:20,600
Symmetrical.
1822
01:59:20,600 --> 01:59:23,930
I means the market is designed,
uh, in that favor to go lower
1823
01:59:23,930 --> 01:59:25,160
because the dollar is bullish.
1824
01:59:26,360 --> 01:59:29,720
Now, if we're looking for cells, your
anxiety level should immediately drop
1825
01:59:30,410 --> 01:59:33,530
your comfort level should immediately,
uh, you know, be established that,
1826
01:59:33,530 --> 01:59:36,830
okay, look, you know, I'm, I'm, I'm
shading in sync with the direction
1827
01:59:36,830 --> 01:59:38,120
of the marketplace, not against it.
1828
01:59:38,840 --> 01:59:42,170
And there's going to be times when you can
trade against the higher timeframe bias
1829
01:59:42,380 --> 01:59:45,440
in there going to be a little different,
difficult to learn, because he's going
1830
01:59:45,440 --> 01:59:46,910
to be some rules that you have to bend.
1831
01:59:47,570 --> 01:59:50,090
And that's why those lessons
are later in the mentorship.
1832
01:59:50,090 --> 01:59:54,290
Because if I start teaching
them male, that'll be confusion.
1833
01:59:54,830 --> 01:59:57,770
You'll be trying to do everything
like you still do right now.
1834
01:59:57,780 --> 02:00:01,940
You're all bringing in the free
material into your learning here.
1835
02:00:02,180 --> 02:00:05,540
And that's a problem you need to go
with just this small little modular,
1836
02:00:05,540 --> 02:00:10,520
skip steps, looking at the daily
timeframe, which is why I purposely
1837
02:00:10,520 --> 02:00:12,470
did not take you to last night.
1838
02:00:12,470 --> 02:00:14,900
When we went into this chart,
did I show you a daily chart?
1839
02:00:20,710 --> 02:00:23,680
You didn't see one time, a
daily chart on this at all.
1840
02:00:23,740 --> 02:00:26,800
You saw the 15 minute
timeframe, that's it.
1841
02:00:29,000 --> 02:00:33,140
And I'm trying to show you by forcing
these ideas, even if it's order blocks,
1842
02:00:33,140 --> 02:00:37,490
if it's liquidity, voids, if it's
equal highs and, uh, uh, uh, run on
1843
02:00:37,490 --> 02:00:42,770
liquidity, all those things you can
justify it you'll make it happen.
1844
02:00:42,770 --> 02:00:43,880
You'll see it in a chart.
1845
02:00:43,910 --> 02:00:44,900
You will find it.
1846
02:00:44,900 --> 02:00:45,830
If you torture it on.
1847
02:00:46,605 --> 02:00:48,075
You'll find optimal train entries.
1848
02:00:48,315 --> 02:00:49,395
You'll find discounts.
1849
02:00:49,395 --> 02:00:50,475
You'll find all that stuff.
1850
02:00:52,265 --> 02:00:55,445
But the lesson is, we've been talking
about the dollar going higher.
1851
02:00:56,495 --> 02:00:57,695
It's candid.
1852
02:00:57,695 --> 02:00:58,535
It's been obvious.
1853
02:00:59,435 --> 02:01:02,885
We talked about the cable
going into oblivion.
1854
02:01:02,975 --> 02:01:06,575
I'll use the word you guys
gave me into the abyss.
1855
02:01:07,535 --> 02:01:08,885
We had nothing underneath us.
1856
02:01:10,385 --> 02:01:16,055
So the context is okay, do you want
to be a buyer in dollar Aussie dollar?
1857
02:01:16,385 --> 02:01:19,745
Even if the technicals line up,
that's the benefit of these exercises.
1858
02:01:19,745 --> 02:01:21,125
I want you to feel that.
1859
02:01:21,875 --> 02:01:24,485
So the answer, your, your question,
you you've made this several
1860
02:01:24,485 --> 02:01:30,125
times a bit, bot is it's not
making any sense and that's right.
1861
02:01:31,145 --> 02:01:31,865
It's absolutely right.
1862
02:01:31,865 --> 02:01:35,255
And it shouldn't make sense to be a buyer
you've been doing a little bit long.
1863
02:01:35,265 --> 02:01:38,795
You probably had more experience using
the tools, but for those that have
1864
02:01:38,795 --> 02:01:44,555
not, it's important for them to get in
here and engage that, see what happens.
1865
02:01:45,065 --> 02:01:49,385
And if it would have panned out
with the 76 35, I would have been
1866
02:01:49,385 --> 02:01:52,655
in here today telling you know, this
is still one of those times where
1867
02:01:52,685 --> 02:01:56,465
it worked, but it's not a good trade
to trade because here's the reason
1868
02:01:56,465 --> 02:01:58,355
why these are the reasons behind it.
1869
02:01:59,615 --> 02:02:02,375
If we've got to a daily chart,
you're going to see that this is all.
1870
02:02:02,405 --> 02:02:03,725
Now I'm doing this right now.
1871
02:02:05,005 --> 02:02:08,345
I'm doing it to show you
why it wasn't a good trade.
1872
02:02:08,705 --> 02:02:08,975
Okay.
1873
02:02:08,975 --> 02:02:11,705
So I'm going to use the benefit of
hindsight, but I'm gonna tell you before.
1874
02:02:12,900 --> 02:02:14,280
We've already had
institutional order flow.
1875
02:02:14,280 --> 02:02:17,490
That was bearish on the daily chart
relative to the Aussie dollar.
1876
02:02:18,030 --> 02:02:19,650
And we were coming off of
a bearish shorter block.
1877
02:02:20,580 --> 02:02:22,590
So I'm going to highlight
this little area in here,
1878
02:02:28,160 --> 02:02:29,870
all this little price action right there.
1879
02:02:31,370 --> 02:02:33,740
That's what we were studying
more specifically right in here.
1880
02:02:34,970 --> 02:02:40,760
So let me do that right about there and
would take this off cause we don't need it
1881
02:02:45,430 --> 02:02:49,170
or that now watch what happens
when you go into a daily chart,
1882
02:02:49,220 --> 02:02:52,300
you're going to see suddenly it's
going to make incredible sense.
1883
02:02:52,300 --> 02:02:55,930
Why that would have been dumb move,
but more focusing on being short
1884
02:02:55,930 --> 02:02:57,190
because we were bullish dollar.
1885
02:03:09,290 --> 02:03:11,810
We were focusing right in here.
1886
02:03:12,470 --> 02:03:12,950
Okay.
1887
02:03:13,310 --> 02:03:14,450
But what happened here?
1888
02:03:15,380 --> 02:03:18,050
We were demanding price
to get up to 76 35.
1889
02:03:18,470 --> 02:03:18,890
Right.
1890
02:03:19,280 --> 02:03:22,880
But what, what did price already
do here relative to this candle?
1891
02:03:25,040 --> 02:03:26,930
What's that green candle
I'm highlighting right now.
1892
02:03:27,560 --> 02:03:27,920
Right here.
1893
02:03:28,610 --> 02:03:29,180
What is that?
1894
02:03:32,860 --> 02:03:34,660
It already hit the bear shorter block.
1895
02:03:36,760 --> 02:03:38,440
So what timeframe is on
your chart right now?
1896
02:03:38,480 --> 02:03:39,520
I'm showing you, what is this?
1897
02:03:42,780 --> 02:03:43,389
The daily.
1898
02:03:44,380 --> 02:03:48,849
So what has more precedence over price
action, the daily timeframe in the
1899
02:03:48,849 --> 02:03:53,349
order flow that's established on this
timeframe or the 15 minute timeframe
1900
02:03:53,349 --> 02:03:57,339
where I can draw all kinds of lipstick
on the chart and show you optimal
1901
02:03:57,339 --> 02:04:01,929
trade entries, discounts, liquidity,
voids, all that stuff, and you'll force
1902
02:04:01,929 --> 02:04:06,190
the trade and never see what is more
important, which is the higher timeframe.
1903
02:04:09,929 --> 02:04:12,839
So what's the takeaway from that exercise
1904
02:04:26,009 --> 02:04:28,259
just because there's all these elements.
1905
02:04:29,910 --> 02:04:30,929
And I outlined it.
1906
02:04:31,110 --> 02:04:34,980
I justified everything in that
thing, showing you every possible
1907
02:04:34,980 --> 02:04:37,349
scenario to warrant along
1908
02:04:40,610 --> 02:04:44,839
completely isolating your perspective
away from the daily timeframe,
1909
02:04:49,030 --> 02:04:50,170
knowing this
1910
02:04:54,589 --> 02:04:57,049
great to hear starts
the bear shorter block.
1911
02:04:57,769 --> 02:04:58,190
Okay.
1912
02:04:58,639 --> 02:05:03,840
So if price hits it on this candle
right there, Where would you reasonably
1913
02:05:03,840 --> 02:05:07,260
expect price to go down from if it's
going to go down, if it goes up to
1914
02:05:07,260 --> 02:05:10,470
that level in your seller, relative
to the bullishness we have had on
1915
02:05:10,470 --> 02:05:12,420
dollar, what would you easily make?
1916
02:05:12,590 --> 02:05:14,160
Don't try to look at
this candle right now.
1917
02:05:14,340 --> 02:05:14,700
Focus.
1918
02:05:14,730 --> 02:05:15,330
Primarily.
1919
02:05:15,540 --> 02:05:17,790
If you were looking at that,
what would you be looking for?
1920
02:05:19,110 --> 02:05:20,250
Give me a, give me a price.
1921
02:05:27,070 --> 02:05:29,980
Wouldn't it be reasonable to expect
it, to reach below this low here?
1922
02:05:34,880 --> 02:05:36,260
I mean, is this not a swing low?
1923
02:05:36,290 --> 02:05:37,820
What would be resting below that low?
1924
02:05:42,230 --> 02:05:43,970
So in this little shaded area.
1925
02:05:49,700 --> 02:05:50,240
Okay.
1926
02:05:51,560 --> 02:05:54,290
That's why I go overboard and I
run my mouth about this stuff.
1927
02:05:56,090 --> 02:06:03,230
The point of these exercises are to
show you a contrast between, okay,
1928
02:06:05,330 --> 02:06:08,840
I'm going to say this with every bit
of respect, because I'm not trying
1929
02:06:08,840 --> 02:06:14,390
to offend you, but I need you to pay
attention to the obvious this morning,
1930
02:06:14,390 --> 02:06:16,640
we outlined the U S dollar CAD.
1931
02:06:17,180 --> 02:06:19,040
We outlined the dollar index.
1932
02:06:19,460 --> 02:06:22,310
I explained to you what was
going on in clear terms.
1933
02:06:23,930 --> 02:06:26,690
I did not give you that
level of discernment with
1934
02:06:26,720 --> 02:06:28,400
the Aussie dollar last night.
1935
02:06:28,430 --> 02:06:29,990
I only gave you the 15 minute time.
1936
02:06:31,095 --> 02:06:35,295
And I gave you a reason to study it
because of the economic calendar.
1937
02:06:35,385 --> 02:06:39,615
It had a high impact news event, but
I'm trying to show you in contrast.
1938
02:06:40,155 --> 02:06:44,445
And if you can't get this, it's going
to be a repeating theme with you.
1939
02:06:45,075 --> 02:06:48,495
I'm doing a great service by doing this.
1940
02:06:49,605 --> 02:06:54,015
So don't look at this one event and
say, just because you took it as
1941
02:06:54,015 --> 02:06:57,375
a trade, which I told you not to
do, I told you it was an exercise.
1942
02:06:58,155 --> 02:07:02,474
So if you took it as a long
trade, that was you didn't listen.
1943
02:07:03,135 --> 02:07:03,525
Okay.
1944
02:07:03,525 --> 02:07:09,855
So I understand that, but you need
to understand that what we're doing
1945
02:07:09,905 --> 02:07:14,865
is I'm showing you in contrast to
when the probabilities are highly in
1946
02:07:14,865 --> 02:07:16,875
your favor using the hard timeframe.
1947
02:07:17,625 --> 02:07:18,045
Okay.
1948
02:07:19,485 --> 02:07:24,585
When we do other examples in usually in
the New York session, everything you're
1949
02:07:24,675 --> 02:07:28,785
hearing me talk about, that's highly
specific and then you see it unfold.
1950
02:07:28,815 --> 02:07:34,575
It's I understand, I understand that,
but you just signed whole, you just
1951
02:07:34,575 --> 02:07:38,835
signed a one and if you go through all
the material in September, you'll see
1952
02:07:38,835 --> 02:07:40,635
that we don't miss on a daily basis.
1953
02:07:40,995 --> 02:07:44,115
It wasn't a fluke today's example.
1954
02:07:44,115 --> 02:07:45,075
Wasn't just one time.
1955
02:07:49,575 --> 02:07:54,165
So using this level, this would be a bare
shoulder block, and this would be the
1956
02:07:54,165 --> 02:07:56,175
next area, liquidity resting below here.
1957
02:07:56,355 --> 02:07:56,565
So.
1958
02:07:57,450 --> 02:08:00,540
In this area here, we wouldn't
be more inclined to do.
1959
02:08:00,540 --> 02:08:00,870
What,
1960
02:08:20,050 --> 02:08:23,050
what do you see different now,
knowing what we just disclosed?
1961
02:08:23,050 --> 02:08:24,610
This was the bear shorter block up here.
1962
02:08:24,880 --> 02:08:26,800
It traded up into daily.
1963
02:08:28,509 --> 02:08:28,929
Okay.
1964
02:08:29,650 --> 02:08:33,009
Then you want to see what price
make an impulse swing lower.
1965
02:08:34,389 --> 02:08:42,550
Right then price comes back up,
closes in it's Boyd right in
1966
02:08:42,550 --> 02:08:45,040
here creates another impulse leg.
1967
02:08:45,070 --> 02:08:50,110
Lower comes back up, runs the stops.
1968
02:08:50,139 --> 02:08:56,040
Now here I outlined this last
night as a break in market
1969
02:08:56,040 --> 02:08:59,250
structure on a 15 minute timeframe.
1970
02:08:59,250 --> 02:08:59,820
It is,
1971
02:09:03,990 --> 02:09:06,750
but on the higher timeframe,
we're inside of a cell.
1972
02:09:07,800 --> 02:09:09,719
It's all being rolled over for cell.
1973
02:09:09,750 --> 02:09:14,519
And now knowing that now this is the part
that makes it sound like maybe PIP stays.
1974
02:09:14,550 --> 02:09:15,570
It's all hindsight.
1975
02:09:15,570 --> 02:09:17,849
And of course, I'm going to sound like
I'm perfectly, right, because it's
1976
02:09:17,849 --> 02:09:22,200
all behind the fact, but I'm going to
counsel you to pay attention to what
1977
02:09:22,259 --> 02:09:23,429
I've been doing on a day-to-day basis.
1978
02:09:24,885 --> 02:09:28,995
Every single trading day, we outlined
something I'm told you, there's
1979
02:09:28,995 --> 02:09:31,905
going to be opportunities where I'm
going to give you exercises to go in.
1980
02:09:32,115 --> 02:09:35,355
So that way you can feel the
contrast of when it's not in your
1981
02:09:35,355 --> 02:09:37,514
favor and when it is, it's a bit.
1982
02:09:37,514 --> 02:09:39,255
But when you say that
it didn't make sense.
1983
02:09:39,585 --> 02:09:44,025
It, it that's good that it didn't
make sense, but some of you are going
1984
02:09:44,025 --> 02:09:45,434
to do what we were doing last night.
1985
02:09:45,615 --> 02:09:48,105
And I want you to feel the
effects of doing that when you're
1986
02:09:48,105 --> 02:09:51,644
not incorporating the higher
timeframe institutional or flow.
1987
02:09:54,785 --> 02:09:58,115
Now, if you have that in context,
now look at it differently.
1988
02:09:59,135 --> 02:10:01,264
This is the bear shorter
blocks they had traded up into.
1989
02:10:01,775 --> 02:10:05,195
So you used to see institutional
selling price rallies back up to what
1990
02:10:05,224 --> 02:10:06,755
the middle of the up candle mean.
1991
02:10:06,755 --> 02:10:07,835
Threshold sells off.
1992
02:10:08,525 --> 02:10:09,815
It creates a range in here.
1993
02:10:10,175 --> 02:10:10,535
Okay?
1994
02:10:10,715 --> 02:10:16,804
Price comes back up bottom of
this candle here, run some stops.
1995
02:10:17,315 --> 02:10:18,965
This is not a market structure break.
1996
02:10:19,535 --> 02:10:21,335
It's just a run-on stops for anyone.
1997
02:10:21,335 --> 02:10:21,965
That's trailing them.
1998
02:10:21,965 --> 02:10:24,575
Be held above these
highs, these equal highs.
1999
02:10:24,575 --> 02:10:29,465
The mind, mind you, the market trades
down comes back up trades right back
2000
02:10:29,465 --> 02:10:32,815
into the middle of the up candle trades.
2001
02:10:32,815 --> 02:10:34,375
Lower comes back up.
2002
02:10:34,885 --> 02:10:38,575
Bear shorter block recapitalize
trades lower comes back up.
2003
02:10:38,575 --> 02:10:41,035
Retraces middle of the
up candle sells off.
2004
02:10:41,035 --> 02:10:45,325
Again, comes back up bears on order
block sells again, comes back up.
2005
02:10:45,415 --> 02:10:48,655
It's the bottoming up candle
sells again, comes back up, gets
2006
02:10:48,665 --> 02:10:50,365
the bottom of the candle sells.
2007
02:10:51,375 --> 02:10:54,554
It comes back up, hits the bottom
of the up candle sells off again.
2008
02:10:58,415 --> 02:10:59,485
You see the difference?
2009
02:11:08,934 --> 02:11:10,344
What don't you see the difference in
2010
02:11:23,315 --> 02:11:26,974
of course, I was trying to make
the case on the entire trade on
2011
02:11:26,974 --> 02:11:28,684
just only a 15 minute timeframe.
2012
02:11:28,684 --> 02:11:29,495
That's the point.
2013
02:11:30,455 --> 02:11:31,425
That's not what you do.
2014
02:11:31,445 --> 02:11:32,465
They don't want to do that.
2015
02:11:32,465 --> 02:11:35,915
You want to have a higher timeframe
chart, dictate your trade.
2016
02:11:37,735 --> 02:11:39,925
That's the difference of what
you see me doing on a day-to-day
2017
02:11:39,925 --> 02:11:44,635
basis in New York sessions, we
always incorporate the daily chart.
2018
02:11:44,995 --> 02:11:45,655
Last night.
2019
02:11:45,684 --> 02:11:47,215
I purposely did not do that.
2020
02:11:52,255 --> 02:11:57,415
Why is four runs lower like this bullish?
2021
02:11:58,585 --> 02:12:05,304
Well, in other term, it can be, it can, it
can be, that can be a bullish environment.
2022
02:12:05,304 --> 02:12:09,054
Cause it's a run-on stops
here, here, here, and here.
2023
02:12:09,054 --> 02:12:12,295
But it doesn't necessarily mean it's
going to be a change in direction.
2024
02:12:19,540 --> 02:12:24,460
So, what would you want to see on the 15
minute timeframe within a four-hour block?
2025
02:12:24,970 --> 02:12:28,300
If you stayed with the 15 minutes,
but was looking for support.
2026
02:12:29,770 --> 02:12:31,360
Are we talking about
the Aussie dollar here?
2027
02:12:31,720 --> 02:12:32,110
Angela,
2028
02:12:35,960 --> 02:12:36,910
what would I be looking?
2029
02:12:36,950 --> 02:12:40,790
Well, the things I just outlined, all
the things that were we told you to
2030
02:12:40,790 --> 02:12:44,510
focus on in September is content candle.
2031
02:12:44,540 --> 02:12:45,410
Before the down move.
2032
02:12:45,620 --> 02:12:49,970
Every time it came back to this up
candles, there was more distribution in
2033
02:12:49,970 --> 02:12:54,320
this blue line, you would be waiting for
price to gravitate and go down below that.
2034
02:13:01,960 --> 02:13:09,100
The point is is if you only look at a
15 minute timeframe, okay, go, go back.
2035
02:13:09,400 --> 02:13:11,170
Even go back to my free tutorial stuff.
2036
02:13:11,890 --> 02:13:15,430
You don't want to frame your trade
relative to just a intraday chart,
2037
02:13:15,430 --> 02:13:18,010
less than an hourly basis to do that.
2038
02:13:18,010 --> 02:13:19,360
It's too myopic of a view.
2039
02:13:20,920 --> 02:13:23,350
You can't see institutional order flow.
2040
02:13:24,940 --> 02:13:26,170
I want a 15 or five minute chart.
2041
02:13:26,170 --> 02:13:31,090
It's unless you have referenced the
higher timeframe chart, I purposely
2042
02:13:31,090 --> 02:13:32,440
kept you off of the daily chart last.
2043
02:13:43,250 --> 02:13:46,250
Don't cause the point is, is
I'm not trying to convince
2044
02:13:46,250 --> 02:13:47,510
you that that was a goodbye.
2045
02:13:47,990 --> 02:13:50,990
I was teaching that, that, that is one
way that you're going to get yourself
2046
02:13:50,990 --> 02:13:55,850
in trouble by forcing the perspective
of all the tools and concepts.
2047
02:13:57,320 --> 02:14:00,500
Only on a short-term 15 minute
timeframe, you can't do that.
2048
02:14:00,920 --> 02:14:05,810
You got to have a higher timeframe,
preferably a daily or four hour,
2049
02:14:06,170 --> 02:14:09,350
give you the context of why you're
trading the way you're trading in what
2050
02:14:09,350 --> 02:14:10,640
direction and an awful what level.
2051
02:14:12,550 --> 02:14:18,190
So your act and your you're in the right
position for you to challenge that thing.
2052
02:14:18,310 --> 02:14:22,720
It didn't make sense, but most
of the folks that are in here
2053
02:14:22,840 --> 02:14:24,490
don't have that discernment yet.
2054
02:14:25,180 --> 02:14:29,320
And the only way they get that is
by seeing it in contrast, that's
2055
02:14:29,320 --> 02:14:31,150
the benefit of pro of doing it.
2056
02:14:31,180 --> 02:14:32,650
That's the purpose of the exercises.
2057
02:14:34,920 --> 02:14:38,490
So if you're at odds, okay, if
you're at odds with why I did it,
2058
02:14:39,090 --> 02:14:41,010
that's exactly how you should feel.
2059
02:14:42,650 --> 02:14:47,390
But for those that are watching, they
need to be taken to that point and said,
2060
02:14:47,390 --> 02:14:51,590
okay, I can see that I can justify that
because you're going to do that too.
2061
02:14:51,950 --> 02:14:52,940
You're going to do all those types of.
2062
02:14:56,715 --> 02:15:00,434
But you're going to force a trade
idea on a smaller timeframe interval,
2063
02:15:00,554 --> 02:15:01,965
like a 15 minute or a five minutes.
2064
02:15:02,625 --> 02:15:07,304
And there's no basis to those
trades relative to a hard
2065
02:15:07,304 --> 02:15:08,775
timeframe, which is necessary.
2066
02:15:08,775 --> 02:15:15,674
You have to have that otherwise, you know,
you're guessing, and you can make anything
2067
02:15:15,674 --> 02:15:18,195
look like a buyer sell even with my tools.
2068
02:15:20,255 --> 02:15:23,705
But when you use a hard timeframe
chart and you use it in the proper
2069
02:15:23,974 --> 02:15:27,245
context, you get what we've been
doing every single day in the New York
2070
02:15:27,245 --> 02:15:30,514
session with almost uncanny accuracy.
2071
02:15:33,785 --> 02:15:35,285
Does that make more sense now that bot
2072
02:15:45,945 --> 02:15:50,565
this, understand what you're feeling is
exactly what you're supposed to feel, but
2073
02:15:50,565 --> 02:15:54,525
you gotta, you got to permit me time in
the first couple of months to give these
2074
02:15:55,215 --> 02:16:01,535
illustrations to those individuals that
don't have that experience yet, because I
2075
02:16:01,535 --> 02:16:06,065
can't communicate it effectively with just
a static chart or a hindsight example.
2076
02:16:06,065 --> 02:16:06,965
They got to see it.
2077
02:16:06,995 --> 02:16:10,594
They got to go through the process
and physically be engaged in it.
2078
02:16:11,285 --> 02:16:13,535
Like when I talked about it, there
was 200 and some people in there
2079
02:16:13,655 --> 02:16:17,575
last night and 200, some people
that watched it watch me do.
2080
02:16:23,340 --> 02:16:27,690
Well, that's why the, the live sessions
are beneficial as well, because
2081
02:16:27,690 --> 02:16:33,060
you see me doing more of it in an
accurate capacity than this type of
2082
02:16:33,060 --> 02:16:36,570
stuff, because I'm actually using
all the tools in the uniform way.
2083
02:16:36,930 --> 02:16:40,590
It's not cherry picking hindsight
explanations it's to teach
2084
02:16:52,160 --> 02:16:52,790
it's okay.
2085
02:16:53,600 --> 02:16:54,470
You trust me.
2086
02:16:54,470 --> 02:16:57,650
You'll, you'll learn more from,
from the things like that than
2087
02:16:57,650 --> 02:16:58,820
you will with the good trades.
2088
02:16:59,360 --> 02:17:02,270
You're not going to learn anything
except for expecting to be spoonfed.
2089
02:17:02,750 --> 02:17:05,930
And I'm want you to understand
how to go into it yourself and
2090
02:17:05,930 --> 02:17:06,920
the pitfalls you're going to have.
2091
02:17:06,920 --> 02:17:10,370
And this is one of the things I screw
up on as a trader, I would go in and
2092
02:17:10,370 --> 02:17:16,700
give my reasons for buying or selling
solely on the basis of a intraday chart.
2093
02:17:17,600 --> 02:17:20,210
And I was using five minute
charts, not a 15 minute chart.
2094
02:17:26,410 --> 02:17:30,460
So hopefully that's answered your inquiry.
2095
02:17:30,460 --> 02:17:31,600
If it hasn't satisfied.
2096
02:17:31,600 --> 02:17:38,110
I certainly apologize for that, but
it's meant to give you the contrast
2097
02:17:38,110 --> 02:17:43,450
and not knowing, you know, not
knowing what the daily timeframes
2098
02:17:43,450 --> 02:17:44,740
are suggesting in terms of the.
2099
02:17:46,814 --> 02:17:49,994
That's going to be an impediment on
your trade, painting out profitably.
2100
02:17:53,355 --> 02:17:54,434
All right, there you go.
2101
02:17:54,494 --> 02:17:59,705
Um, hi, come in at 32 49.
2102
02:17:59,885 --> 02:18:02,014
So we got five pips above the
level we were aiming for here.
2103
02:18:02,045 --> 02:18:06,334
We didn't get the, uh, upside
expansion here still might happen.
2104
02:18:06,605 --> 02:18:09,455
Might make nonfarm payrolls
objective tomorrow.
2105
02:18:09,455 --> 02:18:09,994
Who knows?
2106
02:18:10,715 --> 02:18:12,424
Um, that's something
to watch for tomorrow.
2107
02:18:13,654 --> 02:18:16,205
We had a long, long session today.
2108
02:18:17,225 --> 02:18:22,475
Uh, you learned, I'm not sure
what you learned, but I got a
2109
02:18:22,475 --> 02:18:26,285
lot off my chest to say that, uh,
2110
02:18:31,744 --> 02:18:34,594
it took a long time for that little
bit of movement on us CAD, but
2111
02:18:34,594 --> 02:18:38,014
that's what if we were to do this
every single trading day, that's how
2112
02:18:38,014 --> 02:18:39,814
much time some of these moves take.
2113
02:18:40,535 --> 02:18:44,434
And sometimes there's not going
to be enough to talk about.
2114
02:18:45,574 --> 02:18:49,025
Um, and sometimes there's going to be
a lot of opportunities to talk about.
2115
02:18:49,775 --> 02:18:53,135
So I'm going to wish
you a very pleasant day.
2116
02:18:53,135 --> 02:18:59,264
We've spent, uh, three
hours together, right?
2117
02:18:59,324 --> 02:19:00,254
It's been three hours, right?
2118
02:19:03,734 --> 02:19:04,785
Three hours.
2119
02:19:05,055 --> 02:19:05,625
Good grief.
2120
02:19:05,654 --> 02:19:06,734
All right, well, let's do this.
2121
02:19:07,125 --> 02:19:08,234
Let's cut bait here.
2122
02:19:08,955 --> 02:19:13,394
Um, we had, in my opinion, we've had a
very profitable day in terms of stuff.
2123
02:19:14,190 --> 02:19:19,570
Um, we've had one more opportunity to
see the effects of price delivery and
2124
02:19:19,570 --> 02:19:22,470
an understanding of why it should go,
where it's going relative to time.
2125
02:19:23,490 --> 02:19:26,400
And I will catch up with you
folks later on this afternoon
2126
02:19:26,430 --> 02:19:29,550
with a recap only in chart form.
2127
02:19:30,690 --> 02:19:36,000
And in tomorrow, I will ask you
all to forgive me for not being
2128
02:19:36,000 --> 02:19:38,010
a part of a live broadcast.
2129
02:19:38,010 --> 02:19:39,750
And I'll just send you
some charts if he could.
2130
02:19:39,780 --> 02:19:44,130
Let me say my voice and then
I'll give you something over the
2131
02:19:44,130 --> 02:19:45,390
weekend going into next week.
2132
02:19:45,390 --> 02:19:46,650
So look ahead.
2133
02:19:46,650 --> 02:19:47,040
Okay.
2134
02:19:52,150 --> 02:19:52,480
Awesome.
2135
02:19:52,480 --> 02:19:53,350
Thank you very much.
2136
02:19:53,560 --> 02:19:55,690
And, uh, he stayed the entire time.
2137
02:19:55,840 --> 02:19:56,350
Awesome.
2138
02:19:56,350 --> 02:19:58,210
You got the Ironman certificate.
2139
02:19:59,620 --> 02:20:03,700
We're gonna, uh, we'll touch base
again through Twitter on charts.
2140
02:20:04,120 --> 02:20:04,630
Have a good day.
2141
02:20:04,690 --> 02:20:05,470
Good luck and good trading.
181501
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