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These are the user uploaded subtitles that are being translated: 1 00:00:10,350 --> 00:00:10,770 Okay folks. 2 00:00:10,770 --> 00:00:15,660 Welcome to lesson eight, a one shot, one kill trading model for the short 3 00:00:15,660 --> 00:00:18,780 term trading module four ICT mentorship. 4 00:00:19,500 --> 00:00:21,840 This is the last of March's content. 5 00:00:27,740 --> 00:00:28,190 Okay. 6 00:00:28,190 --> 00:00:29,450 One shot, one kill set up. 7 00:00:30,570 --> 00:00:33,660 What does it require to do these efficiently and successfully? 8 00:00:35,310 --> 00:00:39,150 Well, first you have to know all the macro conditions and all 9 00:00:39,150 --> 00:00:40,769 of the January content lessons. 10 00:00:44,070 --> 00:00:46,650 You have to be proficient with understanding the, if the data ranges 11 00:00:46,950 --> 00:00:51,450 looking back at the last 20, 40, and 60 trading days, looking for PDA Ray 12 00:00:51,660 --> 00:00:55,379 matrix concepts applied to both timing. 13 00:00:59,145 --> 00:01:02,475 You need an understanding of position trading, logical concepts. 14 00:01:05,815 --> 00:01:08,395 You need to understand the swing trading module concepts, 15 00:01:12,275 --> 00:01:15,545 the short-term trading tutorials on the ICT website, 16 00:01:19,265 --> 00:01:22,445 the power three concept applied to weekly candles or ranges. 17 00:01:23,675 --> 00:01:24,965 And I'll talk about that in a few more. 18 00:01:27,580 --> 00:01:30,340 The intraday concepts from ICT day trading modules, 19 00:01:35,610 --> 00:01:40,050 Dave, we concept looking for the higher load of form on Monday through 20 00:01:40,050 --> 00:01:47,020 Wednesday with the 77 odds of it happening using fibs for targeting 21 00:01:47,140 --> 00:01:48,740 and understanding the correct price. 22 00:01:52,845 --> 00:01:58,155 Time of day or ICT kills zones for entries on one shot, one kill setups, 23 00:02:01,205 --> 00:02:03,305 and you begin to see seasonal tendencies that may impact 24 00:02:03,305 --> 00:02:04,925 or frame directional setups. 25 00:02:07,315 --> 00:02:11,545 And lastly, you need to understand the cot or commitment of traders analysis 26 00:02:12,025 --> 00:02:13,495 and commercial hedging programs. 27 00:02:14,335 --> 00:02:14,725 Now. 28 00:02:16,740 --> 00:02:19,800 I said when we started this mentorship that this was intended 29 00:02:19,800 --> 00:02:24,570 to fill in the gaps that I purposely left in all my free tutorials. 30 00:02:25,410 --> 00:02:31,110 Now, if you've gone through the mentorship so far, and you've not really studied 31 00:02:31,260 --> 00:02:35,970 all of my free tutorials that are on my website now, where are you going to 32 00:02:35,970 --> 00:02:39,150 feel that sting of having never done it? 33 00:02:40,110 --> 00:02:40,980 It was intended. 34 00:02:41,010 --> 00:02:44,490 And I've told you before the prerequisite is to know those free. 35 00:02:45,885 --> 00:02:49,304 Everything that I'm going to show you in this module is really 36 00:02:49,304 --> 00:02:52,095 just a quick fill in the gaps. 37 00:02:52,484 --> 00:02:53,715 And then you'll understand how it is. 38 00:02:53,715 --> 00:02:59,505 I do one shot, one kill the gaps that remain for this month are filled in with 39 00:02:59,505 --> 00:03:02,834 the intraday concepts for day trading. 40 00:03:03,734 --> 00:03:07,125 And it just basically helps you get more precise. 41 00:03:07,665 --> 00:03:08,505 Do you need it? 42 00:03:08,805 --> 00:03:09,674 Not necessarily. 43 00:03:10,454 --> 00:03:12,195 Will you want it most likely? 44 00:03:13,980 --> 00:03:18,780 So if you go on this far and you really want to know all the intricate details 45 00:03:18,780 --> 00:03:25,890 about how I finally narrowed down very tight, small risk, high yield setups, 46 00:03:26,280 --> 00:03:29,700 like you've seen a line and mapped out this week with the year of dollar. 47 00:03:30,959 --> 00:03:31,200 Yeah. 48 00:03:31,200 --> 00:03:36,540 And you need the intraday concepts to get that precise, but you don't need 49 00:03:36,540 --> 00:03:43,125 it to do one shot, one kill because you know, He has other things that, uh, help 50 00:03:43,125 --> 00:03:46,125 you get close to, but not that precise. 51 00:03:47,024 --> 00:03:50,475 That's already been shown in the content for this month and the previous months 52 00:03:52,065 --> 00:03:56,834 now, as it relates to the cot analysis and commercial heading programs, uh, 53 00:03:56,864 --> 00:04:00,045 obviously everyone's aware of the commitment traders report, where they 54 00:04:00,135 --> 00:04:06,855 plot the net traders position of each commercial and small speculator and large. 55 00:04:08,115 --> 00:04:10,965 And Larry Williams was the first one to do real good work 56 00:04:10,995 --> 00:04:12,525 on that back in the seventies. 57 00:04:13,875 --> 00:04:14,445 What is book? 58 00:04:14,625 --> 00:04:16,605 How I made a million dollars trading commodities last year, 59 00:04:18,225 --> 00:04:22,035 but in my own study, I believe I've taken it to another level. 60 00:04:22,065 --> 00:04:26,475 No one else does what I do with the CT data. 61 00:04:27,525 --> 00:04:31,755 And I'm going to show you again, is module and it's teaching and how it is 62 00:04:31,755 --> 00:04:33,765 that I, uh, incorporate that information. 63 00:04:34,005 --> 00:04:38,490 Now, when we get to commodities, Later on this year, when I'm teaching the 64 00:04:38,490 --> 00:04:43,380 commodities, I'll actually show you how to go in and construct the commercial 65 00:04:43,380 --> 00:04:50,070 hedges program and how to look for high probability setups using the information. 66 00:04:50,400 --> 00:04:53,430 But I'm going to give you one set up in here for the year. 67 00:04:53,490 --> 00:04:54,780 Now that was just like a no-brainer. 68 00:04:54,780 --> 00:05:00,210 So you'll see why this week was this pretty much no problem at all, knowing 69 00:05:00,570 --> 00:05:01,830 that was going to come down like it did. 70 00:05:07,565 --> 00:05:07,775 All right. 71 00:05:07,775 --> 00:05:09,635 So the one shot, one killed trade procedure. 72 00:05:09,965 --> 00:05:10,175 Okay. 73 00:05:10,175 --> 00:05:13,355 This is kind of like a back of a matchbook idea. 74 00:05:13,535 --> 00:05:15,185 Uh, just real quick short. 75 00:05:15,395 --> 00:05:19,565 And what I mean by that is you should already know a majority 76 00:05:19,565 --> 00:05:20,795 of what I'm going to refer to. 77 00:05:21,540 --> 00:05:22,290 Procedurally. 78 00:05:22,980 --> 00:05:25,530 So this is the reason why you need to have a mentorship. 79 00:05:25,560 --> 00:05:28,350 This is the reason why you had to have a modular approach to learning, 80 00:05:28,740 --> 00:05:34,020 because there's such a vast amount of information that you need to be aware of. 81 00:05:34,350 --> 00:05:38,580 You just simply can't make a video and here it is, here's how you trade for 82 00:05:38,580 --> 00:05:41,730 those that have gone through all of my free tutorials and this far in the 83 00:05:41,730 --> 00:05:46,320 mentorship, you can now think about how much information you now have. 84 00:05:47,805 --> 00:05:49,635 You probably flounder for a little while. 85 00:05:49,905 --> 00:05:52,365 Wondering, do I have too much information? 86 00:05:52,395 --> 00:05:53,955 Do I have analysis paralysis? 87 00:05:54,285 --> 00:05:56,985 And it's simply because you haven't had a procedural way 88 00:05:56,985 --> 00:05:58,245 of using all the information. 89 00:05:58,785 --> 00:06:03,855 So we've gone through a lot of content between the free tutorials since 2010, 90 00:06:04,245 --> 00:06:11,205 all the way to now, now through 2016, 2017, circa you are now learning all of 91 00:06:11,205 --> 00:06:13,005 the procedural things that fills in the. 92 00:06:14,039 --> 00:06:16,770 And by the time you end this mentorship you'll know everything there. 93 00:06:16,770 --> 00:06:19,080 Isn't about ICT concepts and how to apply it. 94 00:06:20,159 --> 00:06:24,119 But the first thing we do when we look at our market and we're going 95 00:06:24,119 --> 00:06:27,869 to use your dollar as our example, we're going to determine the current 96 00:06:27,869 --> 00:06:29,940 or potential next quarterly shift. 97 00:06:30,150 --> 00:06:32,190 Remember that we talked about that in January. 98 00:06:35,030 --> 00:06:37,609 We're going to identify the higher timeframe PD arrays 99 00:06:37,669 --> 00:06:39,380 in the IPTA data ranges. 100 00:06:39,650 --> 00:06:41,359 Again, that's content from January. 101 00:06:44,780 --> 00:06:47,510 We're going to refer to the interest rate differentials and 102 00:06:47,510 --> 00:06:49,460 market profile of the rates. 103 00:06:49,760 --> 00:06:54,650 In other words, our interest rates or treasuries or the ballooned, 104 00:06:55,580 --> 00:06:59,990 are those markets trending or are they stuck in a consolidation? 105 00:07:00,800 --> 00:07:04,490 If they're trending, then you're going to get movement permitted in the Euro dollar. 106 00:07:05,360 --> 00:07:07,730 If they're consolidated and tight, it's going to be very 107 00:07:07,730 --> 00:07:08,720 hard for the market to move over. 108 00:07:13,460 --> 00:07:17,419 We're going to be scouting seasonals throughout the calendar year that offer 109 00:07:17,560 --> 00:07:21,380 high odds of a move going higher or lower based on the seasonal tendency. 110 00:07:21,380 --> 00:07:22,010 Respectively, 111 00:07:25,049 --> 00:07:28,679 we're going to use swinging analysis on price action on higher timeframes, 112 00:07:28,710 --> 00:07:30,419 down to the 60 minute chart. 113 00:07:31,830 --> 00:07:34,200 So in other words, what we're doing is we're classifying all the price swings. 114 00:07:34,530 --> 00:07:36,000 We're looking at all the fractals. 115 00:07:36,885 --> 00:07:41,175 We went over how larger trends have smaller swings that break into smaller 116 00:07:41,175 --> 00:07:42,615 swings that break in the smaller swings. 117 00:07:42,885 --> 00:07:46,725 First, an impulse swing than an expansion swing after the retracement. 118 00:07:47,115 --> 00:07:51,285 So by looking at the market in your dollar and breaking that down, we can come 119 00:07:51,285 --> 00:07:55,005 to the conclusion of what price swings we use for projections measurements. 120 00:07:55,035 --> 00:07:56,025 And retracements, 121 00:07:59,385 --> 00:08:02,705 we're going to anticipate specific weekly profiles that may have. 122 00:08:03,570 --> 00:08:04,890 Based on our analysis. 123 00:08:04,979 --> 00:08:08,729 If we're looking for lower prices, as we're going to justifying this 124 00:08:08,729 --> 00:08:14,760 teaching, we're going to looking for specific market templates, if 125 00:08:14,760 --> 00:08:17,820 you will, that allow bearish ideas. 126 00:08:18,030 --> 00:08:20,729 So the first thing you would look for is the Monday high, the week, 127 00:08:21,030 --> 00:08:24,900 Tuesday high, the week, Wednesday reversal those types of scenarios. 128 00:08:27,909 --> 00:08:31,210 Then by identifying those respective templates for the week. 129 00:08:31,905 --> 00:08:35,025 We're gonna be looking at the market maker, manipulation templates to have 130 00:08:35,025 --> 00:08:37,095 the respective profile characteristics. 131 00:08:41,395 --> 00:08:45,475 Then you determine where the premium and discount ranges are in price action, 132 00:08:48,695 --> 00:08:51,995 and going to wait for volatility to signal a high odds of a 133 00:08:51,995 --> 00:08:53,945 large range being created. 134 00:08:54,815 --> 00:08:56,495 In other words, when range expansion says. 135 00:08:58,045 --> 00:08:59,005 Small ranges. 136 00:08:59,125 --> 00:09:00,385 We got large ranges. 137 00:09:00,415 --> 00:09:03,025 If the market's in big ranges, we know there's going to be a high 138 00:09:03,025 --> 00:09:04,855 probability for the market to go quiet. 139 00:09:05,305 --> 00:09:06,595 We want to be getting him in the market. 140 00:09:06,655 --> 00:09:11,515 It's quiet so that we can expand and get larger ranges and big volatility 141 00:09:14,465 --> 00:09:18,365 wherever you refer to cot, which has commitment of traders, then the 142 00:09:18,395 --> 00:09:22,895 commercials versus the large traders and open interest to confirm smart money. 143 00:09:22,895 --> 00:09:22,985 Yeah. 144 00:09:26,489 --> 00:09:30,810 We looked to frame and low resistance liquidity run with opposing PDRs 145 00:09:31,410 --> 00:09:37,050 or for bearish, we're looking to sell short at a premium PDA, and 146 00:09:37,050 --> 00:09:41,699 then we're going to be looking at a discount PDA to pair it up with 147 00:09:44,969 --> 00:09:49,229 we're going to use fibs converging with opposing PDA res 148 00:09:49,469 --> 00:09:50,459 and blending it with time of. 149 00:09:52,560 --> 00:09:55,800 In other words, what I'm looking for is a Fibonacci level that overlaps 150 00:09:55,830 --> 00:09:59,100 with a logical discount PD array, 151 00:10:02,830 --> 00:10:06,610 and we're gonna be confirming our trade setups with intermarket analysis. 152 00:10:15,160 --> 00:10:15,340 All right. 153 00:10:15,400 --> 00:10:19,330 So we're looking at our one shot, one kill set up on a Eurodollar dollar. 154 00:10:21,375 --> 00:10:24,795 Provided to you this week, the time of this recording the last week of 155 00:10:24,795 --> 00:10:33,615 March, 2017, um, I outlined through Twitter and tweets the basis of 156 00:10:33,944 --> 00:10:41,025 expecting a high the form in a Euro dollar around the 1 0 9 0 8 level. 157 00:10:42,905 --> 00:10:48,064 That was the level I called and the actual high was 1 0 9 0 9 4 XLT DS. 158 00:10:48,485 --> 00:10:57,980 Uh, I projected a low the week at 1 0 6 50 that could have rolled over into Monday. 159 00:10:58,340 --> 00:11:08,770 But throughout the week I gave a 1 0 695 low object. 160 00:11:11,355 --> 00:11:16,095 And then ultimately, uh, at the very last minute of the day on 161 00:11:16,095 --> 00:11:23,865 Fridays close, um, they pushed the Euro dollar down to 1 0 6 55. 162 00:11:24,225 --> 00:11:26,445 Now our objective was 1 0 6 50. 163 00:11:26,775 --> 00:11:29,175 If that's what we're looking for, we add five pips to that. 164 00:11:29,925 --> 00:11:30,615 That would have been. 165 00:11:31,470 --> 00:11:33,870 Your objective used in your own platform? 166 00:11:34,290 --> 00:11:36,840 Uh, some chump traders in my own live feeds. 167 00:11:37,230 --> 00:11:39,960 Uh, I got down to one or 6 49, 7. 168 00:11:40,470 --> 00:11:43,560 Um, I'll leave it up to you to determine what, you know, what your, 169 00:11:43,800 --> 00:11:47,730 uh, data provider allowed for the low of the week for your dollar. 170 00:11:47,730 --> 00:11:53,040 But, uh, for the Forex LTD, it didn't make it down to a one to six 171 00:11:53,040 --> 00:11:56,580 50, but I'm suspecting is probably going to open up lower on Sunday. 172 00:11:58,045 --> 00:12:02,814 That's coming this weekend and then obviously, uh, that would fulfill 173 00:12:02,814 --> 00:12:08,865 the whole projected a swing, but we're going to go into great detail 174 00:12:08,865 --> 00:12:12,104 about all of this amount apart from what's already been shared. 175 00:12:12,104 --> 00:12:15,645 And this chart here, I'm not going to rehash what was already talked 176 00:12:15,645 --> 00:12:21,074 about in this week's teachings in the videos and commentary, because 177 00:12:21,224 --> 00:12:23,505 that is in my opinion, a golden. 178 00:12:24,480 --> 00:12:29,040 And you need to go through those notes as well, but what framed this whole 179 00:12:29,040 --> 00:12:33,570 move and how I knew that the high could most likely be formed on Monday. 180 00:12:33,570 --> 00:12:35,820 And we would look for a low one or six 50. 181 00:12:36,960 --> 00:12:38,580 We're going to go into details about that now. 182 00:12:41,040 --> 00:12:41,220 Okay. 183 00:12:41,220 --> 00:12:44,550 So the first thing we're looking for is we're expecting 184 00:12:44,670 --> 00:12:46,500 either a up move or a download. 185 00:12:46,500 --> 00:12:49,320 So how do we start doing that while we go to our seasonal 10? 186 00:12:50,100 --> 00:12:50,520 Okay. 187 00:12:50,850 --> 00:12:54,750 Um, if you're a sports fan, you'd like to go and watch a specific store, a 188 00:12:54,750 --> 00:12:59,760 sports team, um, like the baseball season or football season, you can actually 189 00:12:59,760 --> 00:13:03,000 track when those teams play on what days and the calendar days and all that. 190 00:13:03,000 --> 00:13:07,439 And you know, when they're going to play, they have, they have a schedule. 191 00:13:07,439 --> 00:13:10,439 They have to keep, well, the markets almost have like a 192 00:13:10,439 --> 00:13:11,939 built-in generic schedule. 193 00:13:12,795 --> 00:13:17,655 And is followed or tracked by way of using a seasonal tendency. 194 00:13:18,015 --> 00:13:21,435 Now I shared these seasonal tendencies with you so far in the mentorship. 195 00:13:22,035 --> 00:13:27,584 And what we do is we look for times where the market has a real clear indication 196 00:13:27,795 --> 00:13:33,255 in both the longterm and short term, basically the blue and the red lines. 197 00:13:33,555 --> 00:13:36,555 They have to agree with a directional bias and when they 198 00:13:36,555 --> 00:13:39,045 move in the same direction, right. 199 00:13:40,890 --> 00:13:43,319 If they move in concert with one another, we have a really strong 200 00:13:43,319 --> 00:13:47,579 tendency to see that market generally moving that same direction. 201 00:13:49,079 --> 00:13:51,599 What we're going to focus on here is the month of March. 202 00:13:51,870 --> 00:13:57,780 As you can see it initially starts off with a rally up into the middle of March, 203 00:13:57,810 --> 00:14:01,770 and then it declines to the last week of March going into the first week of April. 204 00:14:02,550 --> 00:14:05,849 So our tendency is to see the Euro dollar going through. 205 00:14:06,990 --> 00:14:10,229 So we have a strong seasonal tendency for bears prices for your dollar. 206 00:14:13,280 --> 00:14:16,949 Now we're going to go over to the commitment of traders hedging program. 207 00:14:17,250 --> 00:14:19,290 Now you're not going to find this on the internet. 208 00:14:19,319 --> 00:14:20,430 There's nothing talked about. 209 00:14:20,430 --> 00:14:21,540 It's not in books. 210 00:14:21,900 --> 00:14:23,459 I swear to the Lord almighty. 211 00:14:23,609 --> 00:14:26,130 There's nothing out there like what I'm showing you here. 212 00:14:26,520 --> 00:14:26,849 Okay. 213 00:14:26,880 --> 00:14:30,270 What I do is I use the information from the commander trader's 214 00:14:30,270 --> 00:14:34,170 report and I make a new. 215 00:14:35,355 --> 00:14:38,175 Way of, uh, creating a zero sum line. 216 00:14:38,505 --> 00:14:41,985 So what I do is I look at the last year, okay. 217 00:14:41,985 --> 00:14:46,845 And I get the highest high and lowest low of their commercial activity. 218 00:14:46,905 --> 00:14:49,335 In other words, I'm only tracking commercials and I'll show you how to 219 00:14:49,335 --> 00:14:51,225 create all this and make it for yourself. 220 00:14:51,255 --> 00:14:55,305 It's a full Preet bowl in our group have emailed me asking 221 00:14:55,305 --> 00:14:56,865 for this specific indicator. 222 00:14:57,285 --> 00:14:58,575 There is no indicator. 223 00:14:58,815 --> 00:14:59,175 Okay. 224 00:14:59,205 --> 00:15:02,415 What I actually do is I actually create this with. 225 00:15:03,360 --> 00:15:03,630 Okay. 226 00:15:03,630 --> 00:15:07,140 I grabbed the information and then I actually by hand create it. 227 00:15:07,380 --> 00:15:08,520 And I know what you're thinking. 228 00:15:08,579 --> 00:15:10,350 We'll attract 39 markets. 229 00:15:10,350 --> 00:15:10,800 Michael. 230 00:15:11,069 --> 00:15:12,510 There's no way to keep up with that. 231 00:15:12,540 --> 00:15:13,290 Well, that's your fault. 232 00:15:13,329 --> 00:15:14,850 You shouldn't be tracking 39 markets. 233 00:15:15,150 --> 00:15:19,920 But when I focus on the two pairs that I like, which is Euro and cable, it takes 234 00:15:19,920 --> 00:15:21,329 literally seconds for me to do this. 235 00:15:21,329 --> 00:15:25,170 And it's not a big deal, but if you're going to be that hard up about it, 236 00:15:25,380 --> 00:15:27,410 I'm sure some of you that are in our. 237 00:15:28,860 --> 00:15:33,870 Um, Kate Wolf programming, something, I'm certain of it, but, uh, once 238 00:15:33,870 --> 00:15:36,630 you learn how to do that, when we do go into our commodity teaching, 239 00:15:36,960 --> 00:15:38,100 uh, I'll leave it up to you. 240 00:15:38,100 --> 00:15:42,690 Uh, you smart whippersnappers that throw something together, maybe for empty for 241 00:15:42,990 --> 00:15:46,980 platform that can, uh, you know, provide us, uh, grow quick, easy way of doing it. 242 00:15:47,160 --> 00:15:49,590 And then you can go back to trading, you know, umpteen number 243 00:15:49,590 --> 00:15:51,000 of pairs with the information. 244 00:15:51,690 --> 00:15:56,520 But what I do is I look at the hedging program that is. 245 00:15:57,875 --> 00:16:00,575 Illustrated by looking at the last calendar year. 246 00:16:00,875 --> 00:16:04,745 So I roll back data for 12 months and I look at the highest highs 247 00:16:04,755 --> 00:16:08,855 and lowest low in their net positions of the commercials only. 248 00:16:08,855 --> 00:16:10,835 I'm not looking at the large traders or the small speck. 249 00:16:10,865 --> 00:16:11,375 I don't really care. 250 00:16:11,405 --> 00:16:14,885 The small specs are doing, but when we track commitment of 251 00:16:14,885 --> 00:16:16,775 traders, report data for CO2. 252 00:16:18,839 --> 00:16:21,750 Every week, this, uh, CFTC commodity futures trading commission 253 00:16:21,780 --> 00:16:26,640 requires traders that trade at a reportable level to report 254 00:16:26,670 --> 00:16:27,720 whether they're buying or selling. 255 00:16:28,350 --> 00:16:32,100 And the net positions that are held because the commercial traders are 256 00:16:32,100 --> 00:16:36,180 like banks and large institutions and manufacturers of goods or commodities. 257 00:16:37,199 --> 00:16:42,689 There are groups that produce that are commercial level, and there are groups 258 00:16:42,720 --> 00:16:49,055 that are consuming or, um, Resellers. 259 00:16:49,265 --> 00:16:49,564 Okay. 260 00:16:49,564 --> 00:16:54,814 So there are users and creators of the commodity on a commercial level. 261 00:16:55,145 --> 00:16:57,484 And based on that, there's always going to be buying and 262 00:16:57,484 --> 00:16:58,714 selling on a commercial basis. 263 00:16:59,344 --> 00:17:02,135 The net positions, okay. 264 00:17:02,135 --> 00:17:06,034 Are the collective whole of all their total buys and all their 265 00:17:06,034 --> 00:17:10,865 total sales and what are they more net long or net short as a basis. 266 00:17:11,704 --> 00:17:15,004 And what I do is I take that information that comes by way of the CFTC. 267 00:17:16,260 --> 00:17:22,620 And I plot this graph here by simply using a website and the information, and 268 00:17:22,680 --> 00:17:24,810 just basically throwing in some lipstick. 269 00:17:24,870 --> 00:17:30,330 And it helps me visually see what the commercials are doing in terms of hedging. 270 00:17:31,830 --> 00:17:36,720 As you can see at the time of this week, the commercials, which is tracked by 271 00:17:36,720 --> 00:17:39,540 this line as it's below the zero line. 272 00:17:39,990 --> 00:17:40,290 Okay. 273 00:17:40,290 --> 00:17:41,760 It's going to be marked red. 274 00:17:41,820 --> 00:17:44,100 That's going to be bearish when it's above is. 275 00:17:45,660 --> 00:17:47,310 Their net long, that would be bullish. 276 00:17:47,580 --> 00:17:47,970 Okay. 277 00:17:48,180 --> 00:17:55,110 And back below the zero line, which would be represented between 150 K. 278 00:17:55,379 --> 00:17:55,800 Okay. 279 00:17:56,040 --> 00:18:01,110 That, that line I have drawn in there that blue line that represents the new 280 00:18:01,230 --> 00:18:05,010 zero line that would otherwise be viewed like a regular commitment shares report. 281 00:18:06,180 --> 00:18:08,070 You don't need to see that as a. 282 00:18:11,105 --> 00:18:16,024 I'm going to teach later on, but I've shown this in, uh, real quick, uh, short 283 00:18:16,024 --> 00:18:18,125 sessions, uh, throughout my time teaching. 284 00:18:18,605 --> 00:18:21,514 Uh, but I'm going to give you the details of it, how to use it in great 285 00:18:21,514 --> 00:18:23,615 detail about how I break it down. 286 00:18:23,855 --> 00:18:26,645 There's actual seasonal tendencies to their hedging programs 287 00:18:26,645 --> 00:18:27,635 that you actually look at too. 288 00:18:27,995 --> 00:18:31,685 And they're seasonal tendencies that go along with open interest declines as well. 289 00:18:31,685 --> 00:18:34,554 And it's really the information you need to know that to do. 290 00:18:35,475 --> 00:18:39,675 Um, mega trades, mega trader, like huge big moves that take place every year. 291 00:18:39,675 --> 00:18:41,625 There's like two or three of them are really explode. 292 00:18:41,685 --> 00:18:43,845 You want to be focusing on markets that give you those types of 293 00:18:44,295 --> 00:18:46,575 conditions, but I'm digressing. 294 00:18:46,575 --> 00:18:49,185 So let me get back to that discussion with the Euro dollar. 295 00:18:50,055 --> 00:18:55,275 At the time of this week, the Euro dollar was making a higher high than that of 296 00:18:55,275 --> 00:18:57,555 in January, but look at the commercial. 297 00:18:58,334 --> 00:19:00,195 They were hedging against those rallies. 298 00:19:00,254 --> 00:19:04,185 And they really went net short selling aggressively in the 299 00:19:04,185 --> 00:19:09,225 rally above the January high and the December high of 2016. 300 00:19:10,455 --> 00:19:15,524 So as we made a higher high in the Euro, the commercials were actually 301 00:19:15,524 --> 00:19:17,415 selling aggressively in that rally. 302 00:19:18,014 --> 00:19:19,185 So what are we seeing here? 303 00:19:19,605 --> 00:19:25,215 Seasonal tendency that's highly probable for lower Euro prices at the same time. 304 00:19:25,215 --> 00:19:25,605 Commercial. 305 00:19:26,520 --> 00:19:31,740 Are looking to sell short or they want to see prices going lower. 306 00:19:31,830 --> 00:19:32,190 Why? 307 00:19:32,250 --> 00:19:33,990 Because they're hedging against that rally. 308 00:19:34,710 --> 00:19:35,940 They're selling into that rally. 309 00:19:36,389 --> 00:19:37,649 Why would they want to do that? 310 00:19:37,860 --> 00:19:39,000 I don't know their banks. 311 00:19:39,000 --> 00:19:42,540 They do it all the time, but logically over a period of time looking at 312 00:19:42,540 --> 00:19:45,659 it, you'll see that they kind of put the brakes on a market rally 313 00:19:46,020 --> 00:19:47,550 by selling aggressively into it. 314 00:19:48,720 --> 00:19:51,300 And that caps the market as you've seen here this week. 315 00:19:51,450 --> 00:19:54,240 So we had a blending of two things, commercial shorts. 316 00:19:56,034 --> 00:19:59,875 Now, if you look at a revenue, commitment, traders report, you're not going to see 317 00:19:59,875 --> 00:20:01,195 that you're going to see them net long. 318 00:20:01,915 --> 00:20:03,925 That's what screws everybody up. 319 00:20:04,284 --> 00:20:08,185 Even Larry Williams, because they're looking at information because they're 320 00:20:08,185 --> 00:20:10,945 looking at price through cot data. 321 00:20:11,745 --> 00:20:13,784 From an archaic caveman approach. 322 00:20:14,205 --> 00:20:16,995 Now I'm not saying it can't be used efficiently and effectively 323 00:20:17,415 --> 00:20:18,435 in certain conditions. 324 00:20:18,465 --> 00:20:20,865 Like it's traditionally taught through Larry Williams and 325 00:20:20,865 --> 00:20:22,004 everybody else is used now. 326 00:20:22,335 --> 00:20:24,945 But if it was just that easy, everybody would making money. 327 00:20:24,945 --> 00:20:25,245 Right. 328 00:20:25,725 --> 00:20:29,264 So why is it the commercials aren't on the first of everyone's list 329 00:20:29,504 --> 00:20:33,314 because nobody knows how to use it, but you're learning how to do it 330 00:20:33,314 --> 00:20:34,665 now because you're in the clinic. 331 00:20:34,845 --> 00:20:38,294 You're in the mentorship that teaches you everything about smart. 332 00:20:39,540 --> 00:20:43,350 So, what we do is that we use this graph okay. 333 00:20:43,350 --> 00:20:44,490 That you're going to learn about. 334 00:20:44,730 --> 00:20:49,140 And the commodity section of this teachings, that's later on in a month. 335 00:20:49,170 --> 00:20:54,300 Uh, I think it's in June, but I'll teach you how to use the hedging 336 00:20:54,300 --> 00:20:57,210 program and actually look for seasonal and tenancies for when they 337 00:20:57,210 --> 00:20:58,740 would really be buying or selling. 338 00:20:59,760 --> 00:21:00,750 Certain times a year. 339 00:21:01,080 --> 00:21:03,480 And also they're seasonal tendencies that have an interest, but open 340 00:21:03,480 --> 00:21:06,840 interest is not that important here because we have two things blended 341 00:21:06,840 --> 00:21:10,440 together and you really only need two things to the couple for smart money. 342 00:21:10,980 --> 00:21:12,570 You have the seasonal tendency. 343 00:21:12,990 --> 00:21:16,650 So in other words, there's a seasonal influence that usually sees your dollar. 344 00:21:16,680 --> 00:21:17,880 And I don't know what it is. 345 00:21:17,940 --> 00:21:22,800 I don't need to know seasonally historically, your dollar drops down 346 00:21:22,890 --> 00:21:25,530 in the second half of March going into. 347 00:21:26,534 --> 00:21:26,895 Okay. 348 00:21:27,044 --> 00:21:30,014 So we're looking for that seasonal tendency to take place, not by 349 00:21:30,014 --> 00:21:33,014 itself, but we're looking for technicals to support that idea. 350 00:21:33,225 --> 00:21:37,245 While we can see here, the commercials were heavily net selling into that rally. 351 00:21:37,245 --> 00:21:41,595 We seen last week leading into Monday's rally initially for this 352 00:21:41,595 --> 00:21:46,425 week on the Euro dollar, and then it topped and tanked going lower. 353 00:21:49,264 --> 00:21:51,635 You can see right here that new hire. 354 00:21:53,125 --> 00:21:56,695 It's been met with heavy net selling by the commercial traders. 355 00:21:58,665 --> 00:22:00,675 This is smart money shorting. 356 00:22:03,625 --> 00:22:06,504 So now how do we go in and justify these ideas? 357 00:22:06,535 --> 00:22:10,764 Just because we have a chart that looks like it indicates that commercials 358 00:22:10,764 --> 00:22:13,405 are selling and we look at a seasonal tenant just because it seems tendencies 359 00:22:13,915 --> 00:22:15,264 are suggesting higher or lower price. 360 00:22:15,264 --> 00:22:17,545 It does not mean that it's going to happen. 361 00:22:17,815 --> 00:22:19,885 There has to be something lining up technically. 362 00:22:20,775 --> 00:22:23,805 To get in sync with the markets and seasonal tendency. 363 00:22:24,405 --> 00:22:26,265 So it's not a seasonal tendency to be all end. 364 00:22:26,265 --> 00:22:27,795 All it has to happen. 365 00:22:27,825 --> 00:22:33,645 No seasonal tendency illustrates a probable condition or a probable outcome 366 00:22:33,645 --> 00:22:38,055 for the market direction, but without technicals aligning with that in a market 367 00:22:38,055 --> 00:22:42,135 environment that supports that idea, that seasonal tendency will get you in trouble. 368 00:22:43,575 --> 00:22:45,105 So we're looking at the dollar index. 369 00:22:46,320 --> 00:22:50,490 I'm going to frame out the market conditions from a macro standpoint, 370 00:22:50,490 --> 00:22:53,669 and we're gonna look at the next quarterly shift and we're gonna look 371 00:22:53,669 --> 00:22:55,889 at how the markets should be moving. 372 00:22:56,280 --> 00:22:58,620 And we're seeing here on a weekly chart for the dollar 373 00:22:58,620 --> 00:23:01,590 index that we have an old high. 374 00:23:02,220 --> 00:23:08,010 And now this is where price is trading down to it for this, uh, this week, 375 00:23:08,010 --> 00:23:12,870 we faded down into an old, weekly high, which makes this a discount PDs. 376 00:23:16,159 --> 00:23:19,429 And we moved down into a daily timeframe and we can actually see 377 00:23:19,429 --> 00:23:28,560 another level that is a old mitigation block and it comes in at 98 99. 378 00:23:29,895 --> 00:23:32,985 Now, if you look at that level, you would obviously suspect that it's 379 00:23:32,985 --> 00:23:35,054 going to go to what we round up. 380 00:23:35,084 --> 00:23:36,554 So it'd be 98, 95. 381 00:23:36,975 --> 00:23:41,264 You can go to 98 90 if you want to, because it's the only way to pips, 382 00:23:41,264 --> 00:23:44,804 but generally the rules are round up to the nearest five or zero. 383 00:23:49,115 --> 00:23:52,475 And then breaking it down into a hourly chart dollar index. 384 00:23:52,475 --> 00:23:58,535 We can see that this is again, illustrating the potential weekly 385 00:23:58,535 --> 00:24:03,665 range, and we're looking for price to reach up from this discount level 386 00:24:03,665 --> 00:24:09,065 we saw on the weekly chart, we're looking for premium PDF PD arrays. 387 00:24:09,215 --> 00:24:13,145 So we go through our market looking at where liquidity pools. 388 00:24:13,950 --> 00:24:19,350 Bearish shorter blocks, fair value gaps, mitigation blocks, breakers, old highs 389 00:24:19,740 --> 00:24:22,440 and old lows will act as resistance. 390 00:24:23,700 --> 00:24:27,990 As you can see here, we have a few noted each one of these withdrawals 391 00:24:27,990 --> 00:24:32,490 on price, and you can see they are all traded to, with no problem with 392 00:24:32,490 --> 00:24:33,720 the exception of the fair value gap. 393 00:24:33,960 --> 00:24:39,450 I suspect next week, maybe even on Sunday, we'll probably see a gap up on Sundays 394 00:24:39,450 --> 00:24:42,330 trading that remains to be seen, but it certainly looks like it wants to do. 395 00:24:43,245 --> 00:24:47,355 And if it doesn't get up, we'll look forward to expand through something in 396 00:24:47,355 --> 00:24:49,065 the Monday and did a fair value gap. 397 00:24:52,745 --> 00:24:53,045 Okay. 398 00:24:53,075 --> 00:24:56,705 And getting a better look at the dollar index. 399 00:24:56,705 --> 00:24:57,635 This is now a chart. 400 00:24:57,935 --> 00:25:02,645 What I have here is I have the equilibrium price point identified. 401 00:25:03,215 --> 00:25:06,875 So anything above the equilibrium price point is going to be a premium. 402 00:25:06,875 --> 00:25:08,645 Anything below it is going to be a discount. 403 00:25:09,005 --> 00:25:10,055 So now what we're doing is this. 404 00:25:10,055 --> 00:25:11,855 We added the PD array. 405 00:25:13,230 --> 00:25:16,110 In the form of our premium and discount ranges. 406 00:25:16,470 --> 00:25:20,670 So now we can see graphically thinking like an algorithmic trader. 407 00:25:21,150 --> 00:25:22,980 So we're getting in sync with the algorithm. 408 00:25:23,010 --> 00:25:26,670 If data is going to pull and draw a price up to these levels, logically 409 00:25:27,000 --> 00:25:34,350 to allow the bank traders to put on trades or manage their in-house book. 410 00:25:34,530 --> 00:25:38,340 So looking at what's going on in this chart, we can see clearly that the 411 00:25:38,340 --> 00:25:40,620 market has been drawn back up to equally. 412 00:25:41,520 --> 00:25:43,439 So you're always going to look for discount that at least 413 00:25:43,439 --> 00:25:44,760 try to pull to equilibrium. 414 00:25:45,240 --> 00:25:49,169 Then it has to determine if it wants to go into premium or it could go 415 00:25:49,169 --> 00:25:50,730 back down deeper into a discount. 416 00:25:51,780 --> 00:25:55,110 You never know that for sure, but you need to blend time and price 417 00:25:55,110 --> 00:25:57,720 with the Ellipta data ranges. 418 00:25:57,750 --> 00:26:02,280 Looking back over the last 20, 40, and 60 days, also adding 419 00:26:02,370 --> 00:26:05,280 the PDA matrix as we have here. 420 00:26:05,669 --> 00:26:10,080 And we have all of the PD res noted that will be needed for this. 421 00:26:16,010 --> 00:26:19,100 Now we're going to look at the Euro pound because we had to have intermarket 422 00:26:19,100 --> 00:26:20,780 analysis, support it as well. 423 00:26:20,960 --> 00:26:24,470 So we've seen the dollar index poised to go higher. 424 00:26:24,830 --> 00:26:28,580 It's trading off a weekly discount PD array, and we have all of the premium 425 00:26:29,420 --> 00:26:34,610 PD rays above us noted in the previous chart that would be drawing price higher. 426 00:26:35,090 --> 00:26:40,680 So if we're looking for weak Euro dollar prices, We need to see if the Euro 427 00:26:40,680 --> 00:26:42,600 pound would support that idea as well. 428 00:26:43,139 --> 00:26:47,580 And you can see, obviously the European has tanked, um, and went 429 00:26:47,580 --> 00:26:53,820 down to a very clear logical bullish order block on a four hour basis. 430 00:26:53,820 --> 00:26:57,420 A series of down candles sets the tone for that bullish shorter block. 431 00:26:57,700 --> 00:27:00,330 That is a discount PDA Ray. 432 00:27:00,870 --> 00:27:05,190 It traded right down to it at Friday's close, but all throughout 433 00:27:06,149 --> 00:27:07,590 the week, we saw the year of. 434 00:27:09,155 --> 00:27:12,635 Be aggressively sold off so that it's going to be weak for Europe 435 00:27:12,675 --> 00:27:15,665 dollar and strong for pound dollar. 436 00:27:19,305 --> 00:27:19,515 Okay. 437 00:27:19,515 --> 00:27:24,015 So we're looking at the Euro dollar now, and we can see here 438 00:27:24,015 --> 00:27:26,115 the Monday we opened up with a gap. 439 00:27:27,195 --> 00:27:29,955 Well, actually a Sunday, we opened up with a gap and traded higher 440 00:27:29,955 --> 00:27:33,165 throughout Monday and we traded up into. 441 00:27:34,110 --> 00:27:36,840 Weekly bearish or block for the Euro dollar. 442 00:27:36,840 --> 00:27:41,370 And I'll leave you to look at your weekly bear shorter block on your own platform. 443 00:27:42,180 --> 00:27:44,460 But this is the only level that was missing from this week's 444 00:27:44,460 --> 00:27:48,000 discussion, because I want to be able to have some meat for this 445 00:27:48,000 --> 00:27:52,220 teaching, but a weekly Barrett shorter block was traded into a Monday. 446 00:27:53,640 --> 00:27:56,820 And the question is, is how far into the weekly order block 447 00:27:56,910 --> 00:28:00,330 would you expect it to trade into Michael while we're going to that? 448 00:28:00,420 --> 00:28:05,610 And in the last slide for this teaching, but we're going to assume 449 00:28:06,030 --> 00:28:10,770 that you have studied the weekly templates that expect specific. 450 00:28:12,200 --> 00:28:16,400 Trading, uh, characteristics, uh, you know, what days make a specific hire 451 00:28:16,400 --> 00:28:20,480 load of the week and how the markets trade, you know, relative to those 452 00:28:20,630 --> 00:28:25,250 respective templates and in what manipulation do we expect by the market 453 00:28:25,250 --> 00:28:27,320 makers with that specific template? 454 00:28:28,040 --> 00:28:32,930 Well, since I elected to use the bears idea that your dollar is going to go lower 455 00:28:32,930 --> 00:28:34,670 because the dollar index was bullish. 456 00:28:35,090 --> 00:28:35,300 Okay. 457 00:28:35,300 --> 00:28:39,260 Or should have been bullish trading off of its weekly discount PDM. 458 00:28:43,010 --> 00:28:46,370 Couple that with we have seasonal tendency for your dollar decline. 459 00:28:47,000 --> 00:28:51,800 We had commercials supporting lower prices with heavy selling into the rally. 460 00:28:53,120 --> 00:29:01,340 We have the condition for lower expectation in pricing on your dollar. 461 00:29:02,090 --> 00:29:05,900 That means we're going to be expecting either Monday, Tuesday, 462 00:29:06,050 --> 00:29:07,880 or Wednesday to be the highest. 463 00:29:09,045 --> 00:29:11,145 So you always obviously start with the first of the week, 464 00:29:11,145 --> 00:29:12,525 which is going to be the Monday. 465 00:29:12,735 --> 00:29:13,005 Okay. 466 00:29:13,005 --> 00:29:16,785 So price opens up on Sunday gaps up and it starts trading 467 00:29:16,785 --> 00:29:18,345 immediately right up on Monday. 468 00:29:18,975 --> 00:29:24,705 So right away, we have to assume that Monday's going to be the high the week. 469 00:29:25,545 --> 00:29:28,965 So what we do is as we go through the procedures of potential. 470 00:29:30,284 --> 00:29:32,055 Picking the high of the week. 471 00:29:32,475 --> 00:29:37,274 Now we don't try to go in here and in time that weekly high, we don't try to do that. 472 00:29:37,284 --> 00:29:40,875 Now you can overtime do that yourself, but initially you don't. 473 00:29:40,875 --> 00:29:43,305 You want to teach yourself to trust these concepts. 474 00:29:43,754 --> 00:29:44,024 Okay? 475 00:29:44,024 --> 00:29:46,215 Because it can go up on Tuesday and make a higher high. 476 00:29:46,635 --> 00:29:49,795 That's why you have to give it a little bit of leeway. 477 00:29:49,795 --> 00:29:54,945 Now you can sell us a very small portion on Monday, and then if Tuesday fails 478 00:29:54,945 --> 00:29:58,305 to make a higher high, at least you have a small piece on the higher level. 479 00:29:59,085 --> 00:30:03,705 But if it does go higher on Tuesday or Wednesday, at least you're not 480 00:30:03,705 --> 00:30:06,885 going to be out in a full position underwater as it makes a higher high 481 00:30:07,185 --> 00:30:08,595 on those later days in the week. 482 00:30:11,765 --> 00:30:17,705 What we do is on the Monday, we look for price to trade up and 483 00:30:17,705 --> 00:30:19,685 it have a retracement intraday. 484 00:30:20,675 --> 00:30:26,495 So you can see the London session had a retracement and then an expanded. 485 00:30:27,510 --> 00:30:28,500 All through New York. 486 00:30:29,130 --> 00:30:33,600 What I did was I measured the swing using the fib from the high formed in 487 00:30:33,600 --> 00:30:39,530 London, down to the retracement low prior to the New York session rally. 488 00:30:39,980 --> 00:30:43,430 And what I did was I measured that swing intraday, and it 489 00:30:43,430 --> 00:30:47,390 gave me the 1 0 9 0 9 level. 490 00:30:48,530 --> 00:30:52,550 So what I did was I used one pit below that and call it one oh nine oh eight, 491 00:30:53,150 --> 00:30:54,530 because generally I'm usually one PIP. 492 00:30:55,695 --> 00:31:00,885 And this case, um, I was one PIP off still one PIP short, as I thought 493 00:31:00,885 --> 00:31:02,685 I was making a compensation for it. 494 00:31:02,685 --> 00:31:06,315 But, uh, it actually went right to the level of 1 0 9 0 9, at 495 00:31:06,315 --> 00:31:07,995 least on forks LTDs platform. 496 00:31:09,675 --> 00:31:14,775 So by doing that, what we ended up doing is we can see a way of projecting the 497 00:31:14,775 --> 00:31:19,845 weekly high, using the intraday stuff that we'll actually teach in April. 498 00:31:20,355 --> 00:31:22,335 Uh, and you'll be able to combine a lot of other things 499 00:31:22,335 --> 00:31:24,405 with time of day and specific. 500 00:31:25,425 --> 00:31:30,315 Uh, measurements that I used to more or less nailed down the power three 501 00:31:30,465 --> 00:31:33,225 or dare I say it weekly Judas swing. 502 00:31:33,765 --> 00:31:36,885 So the initial rally here we saw on Monday was a false rally. 503 00:31:37,335 --> 00:31:38,745 All that was, was heavy selling. 504 00:31:38,775 --> 00:31:43,515 They engineered price higher built in a premium so they can sell it to 505 00:31:43,515 --> 00:31:47,685 the smart or lower intelligent crowd. 506 00:31:48,315 --> 00:31:51,555 Obviously the lower intelligent crowd, smart money sells it 507 00:31:51,795 --> 00:31:53,115 to lesser informed money. 508 00:31:53,115 --> 00:31:53,775 And that's what we saw on. 509 00:31:56,804 --> 00:32:01,304 So it takes us to the Euro dollar in a four hour chart, and you can see 510 00:32:01,334 --> 00:32:04,094 the PD array and a discount zone. 511 00:32:04,455 --> 00:32:07,034 You can see that liquidity void that we identified here 512 00:32:07,365 --> 00:32:09,044 and that one to six 50 level. 513 00:32:10,064 --> 00:32:14,294 So using the one at six 50 level as our baseline drawing up from that 514 00:32:14,294 --> 00:32:18,554 point and our projected high, the week one to 9 0 8, which is what 515 00:32:18,554 --> 00:32:20,925 I called, um, that's our range. 516 00:32:20,925 --> 00:32:21,885 And then we can divide that in half. 517 00:32:22,605 --> 00:32:26,205 Get an equilibrium price point and having that, we can now have a 518 00:32:26,205 --> 00:32:28,695 premium and discount PDA rate matrix. 519 00:32:28,965 --> 00:32:34,695 Then you start breaking down your markets, PD array for premium and discount. 520 00:32:35,355 --> 00:32:40,455 We know that we have a liquidity void in the lower end of the discount range. 521 00:32:40,845 --> 00:32:42,105 So that's what we're aiming for as well. 522 00:32:42,105 --> 00:32:43,335 What we're, you're aiming for? 523 00:32:44,085 --> 00:32:50,655 Uh, we came out of a premium market at one and 9 0 8 and as the market traded lower. 524 00:32:51,405 --> 00:33:00,825 Each one of the respective PDA res gaps, uh, liquidity pools, um, old 525 00:33:00,825 --> 00:33:04,395 highs, the selling to, uh, bear shorter blocks, all those things. 526 00:33:04,395 --> 00:33:07,785 As the markets slid lower, they were all contributing factors. 527 00:33:07,815 --> 00:33:11,145 As we mentioned throughout the analysis this week through tweets 528 00:33:11,145 --> 00:33:17,025 and in video production and on the daily chart, indexes, blending, all 529 00:33:17,025 --> 00:33:20,475 of these things together, all of these things that I talked conceptually. 530 00:33:21,390 --> 00:33:25,410 The way you get to the results that you saw this week is you have to use them. 531 00:33:25,440 --> 00:33:26,670 You have to practice with them. 532 00:33:27,120 --> 00:33:30,360 There's not going to be a clear cut. 533 00:33:30,540 --> 00:33:31,290 This is how you do it. 534 00:33:31,350 --> 00:33:32,400 Every single time. 535 00:33:32,550 --> 00:33:35,640 There's going to be potential decisions that you're going to have to make. 536 00:33:36,090 --> 00:33:38,130 You might think that it's going to be the high that we call 537 00:33:38,130 --> 00:33:40,200 Monday and you sell short. 538 00:33:40,680 --> 00:33:44,490 And then Tuesday in London or New York, it runs up there and blows that high out. 539 00:33:45,070 --> 00:33:48,900 Are you going to stick with the idea and expect lower prices? 540 00:33:49,830 --> 00:33:53,400 Or are you going to be whipsawed and thinking, okay, I was wrong. 541 00:33:53,400 --> 00:33:54,120 Then he goes along. 542 00:33:54,840 --> 00:33:57,210 That's going to be a demon for you to wrestle with. 543 00:33:57,660 --> 00:34:01,200 So you have to come to a conclusion on what you want to do for the week 544 00:34:01,290 --> 00:34:05,070 and come hell or high water, stick to that until it no longer makes sense. 545 00:34:05,130 --> 00:34:07,110 And that happens mid week. 546 00:34:07,470 --> 00:34:12,060 And you learned in a previous lesson that there's many times eight weekly reversal. 547 00:34:12,420 --> 00:34:15,150 So you'll always have a potential to mess it up. 548 00:34:15,990 --> 00:34:17,310 This is what makes it difficult. 549 00:34:18,045 --> 00:34:19,214 But it's so easy to do. 550 00:34:20,415 --> 00:34:25,304 How's that for an oxymoron, the point is, is in this teaching, we have a way 551 00:34:25,304 --> 00:34:30,554 of looking at price, blending concepts together, using experience, obviously. 552 00:34:30,884 --> 00:34:31,214 Okay. 553 00:34:31,214 --> 00:34:34,694 But over time, seeing it study it in hindsight, you didn't look 554 00:34:34,694 --> 00:34:39,435 at 10, 15, 20 years worth of data and get to these outcomes. 555 00:34:39,614 --> 00:34:40,034 Okay. 556 00:34:40,065 --> 00:34:44,444 Through study and build yourself a, a library mentally. 557 00:34:46,110 --> 00:34:48,540 Past experiences using the information. 558 00:34:48,570 --> 00:34:51,600 You don't need to have every little thing down to an hourly chart. 559 00:34:51,630 --> 00:34:52,260 You don't need that. 560 00:34:52,560 --> 00:34:56,220 You can see the outcome based on a daily chart. 561 00:34:56,250 --> 00:34:56,820 You can see it. 562 00:34:57,840 --> 00:35:04,350 So I'm going to counsel you to use this as an example of how we 563 00:35:04,350 --> 00:35:09,510 can take the information blended together and then come up with. 564 00:35:11,145 --> 00:35:16,635 Nearest thing to perfection, you're going to ever see in market analysis, being 565 00:35:16,635 --> 00:35:20,895 one PIP off from the high, the weak and only five pips off the low of the week. 566 00:35:21,495 --> 00:35:27,735 But in most platforms, 1 0 6 50 was hit with real-time data, not demo. 567 00:35:28,485 --> 00:35:33,045 And the high that week was, you know, it was called and lower the week was called. 568 00:35:33,045 --> 00:35:36,005 So I'll leave it up to you to determine whether. 569 00:35:37,005 --> 00:35:44,055 This is something that leads you to more proficiency as a trader, or does it 570 00:35:44,055 --> 00:35:45,885 create new barriers for your learning? 571 00:35:46,305 --> 00:35:49,755 I think that if you go through the concepts and especially when you 572 00:35:49,755 --> 00:35:52,485 finish the mentorship, you want to go back through all the lessons. 573 00:35:52,485 --> 00:35:55,905 Again, listen to all that boring stuff I talked about in January, 574 00:35:56,275 --> 00:35:59,235 go back through all the lessons and September, October, November, and 575 00:35:59,235 --> 00:36:00,885 December, and use all that information. 576 00:36:00,885 --> 00:36:04,515 I help pull all the free tutorials together back then some of the. 577 00:36:05,625 --> 00:36:06,645 We're complaining about that. 578 00:36:06,654 --> 00:36:12,075 Now you're seeing the fruits of having done that, and maybe you haven't 579 00:36:12,075 --> 00:36:16,065 watched the free tutorials more than one time at the end of this mentorship. 580 00:36:16,095 --> 00:36:17,355 You want to do that all over again? 581 00:36:17,745 --> 00:36:17,984 Okay. 582 00:36:17,984 --> 00:36:21,705 So that way it kind of completes your whole learning and by then you have 583 00:36:21,765 --> 00:36:25,395 everything you ever need to know, you'll know procedurally what you need to do. 584 00:36:25,694 --> 00:36:26,555 And yes, it requires. 585 00:36:27,660 --> 00:36:30,000 It's going to require you to think it's going to require you 586 00:36:30,000 --> 00:36:33,990 to come to the decision and it's not going to be black and white. 587 00:36:34,260 --> 00:36:36,930 It's not going to be this or that initially. 588 00:36:37,380 --> 00:36:41,130 But when we get to August, there's a specific procedure that you 589 00:36:41,130 --> 00:36:42,780 go through from the top down. 590 00:36:43,290 --> 00:36:43,620 Okay. 591 00:36:43,620 --> 00:36:47,250 And it leads you to specific decision points that tells you. 592 00:36:47,250 --> 00:36:47,610 Okay. 593 00:36:47,910 --> 00:36:51,660 Right now, I think this is what I should be doing, regardless of what 594 00:36:52,440 --> 00:36:53,760 discipline a trader you're going to be. 595 00:36:53,940 --> 00:36:56,640 It starts from the higher timeframe position, traders, mind. 596 00:36:57,660 --> 00:37:03,000 As you would do with one shot, one kill, and you reduce it down and you 597 00:37:03,000 --> 00:37:06,870 reduce it down to swing trading and you reduced it down to short-term trading 598 00:37:06,870 --> 00:37:08,790 and you reduce it down to day trading. 599 00:37:09,000 --> 00:37:12,090 So you can get that real low risk, real tight precision. 600 00:37:12,690 --> 00:37:15,450 And if you really want to get insane about it, you can use the scalping 601 00:37:15,450 --> 00:37:21,030 ideas and get insane with 10 PIP stops, but it's not necessary. 602 00:37:21,030 --> 00:37:21,810 You don't need that. 603 00:37:22,170 --> 00:37:24,210 But the point is it's there it's made available. 604 00:37:25,660 --> 00:37:28,300 So at least it's been insightful to you and it helps fill in the 605 00:37:28,300 --> 00:37:31,450 gaps with the short term trading that I taught my free tutorials. 606 00:37:31,720 --> 00:37:35,530 And it gives you all the elements to how I trade ICT. 607 00:37:35,530 --> 00:37:36,460 One shot, one kill. 53514

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