All language subtitles for Tuesday May 02, 2017 (2) EN

Seasonally down indexes bullish in may.

The trade that outlined last night
has nothing to do with seasonal

tendencies with all the bloody base.

Hi,

thank you for your concerns about my son.

By the way, I spent lots of that.

I just don't want to
fill the video with it.

I only had one entry yet.

I only get the entry you saw
me collapsed earlier today.

It's a beginning of the session.

Yeah.

She should be taking two entries
and using the smallest leverage you

can do so about what one mini you?

Um,

I, ain't never heard of
a flat mouse pattern.

Let's take one more quick.

Look at Aussie and CAD.

Not that one.

Cable, nothing.

You're a pound.

Yeah,

I close the session.

They'll probably run your,
a dollar down 40 pips.

Um,

am I going to teach breaker
day trades or breaker scalps?

That's pretty much self-explanatory
there your PD phrase that you look for

the trade off of universal the time.

Are we ever going to get a webcam
video or session with you or

do you plan to stay anonymous?

Um, yeah, I played around this idea,
but I don't think I'm going to be doing

any of that because the folks that.

Like to make fun.

They'll just take those images
and turn them into something else.

There's only been three pictures of me.

It's actually been real pictures of
me, the rest of our family members.

And they have nothing to do with me.

All right.

Atlanta server is GMT plus three,
safe to assume there he bonds, et

cetera, are useful for analysis.

I don't have any experience with that
Constantinople, but con stand to knows,

uh, I'm sorry, I brutalize your, your
name, but I don't have any experience

with looking at that, with that.

Um, I found this setup often
fails and large consolidations.

Is there more criteria to be taught?

Yes, there's a lot more secret sauce.

A lot of comments, a lot of comments.

I don't know what you're
talking about, Daniel.

Um, have I heard anything from
Ethereum and mining rate and

don't know what that don't know
what you're talking about there.

Um, options are going to
be in the month of June

and no, I don't do all that.

I don't do any of the exotic strangles and
straddles and spreads and all that stuff.

Well, I do, I do do.

One, one thing with a spread,
but generally it's a long call,

long put you don't have anything.

You don't need anything more than that.

These guys you have to, unless you
going to be a career writer of options

and most mines mean being made by that,
but I'm a directional bias trader.

So I'm looking for direction.

Yeah.

There's nothing going on
in the market right now.

Then also I'm just giving everybody an
opportunity to ask anything that has,

uh, line of what was that line for today.

Can a scalp or day trade
turn into a swing trade?

Yes, that was basically
the heart of lesson.

The last month and we'll
build into a more criteria.

You can do that with, with
these lessons this month.

Can we do another chart rather than your
dollar, which is a windup right now?

Can we do another chart while there's
no setup for anything right now?

Because the markets are on hold.

Nothing's really happening?

Well, we might see, might
see a dollar Ronald bear.

Get this off.

You might get it to
wrap a little bit more.

Certainly wants to spread its wings

this year, a dollar may end up
becoming a late New York roll

over where it just dribbled down.

So I don't, I don't have
an entry again in here.

I'll be watching.

See if it does anything the only lower.

I don't think we're
going to see a big run up

simply nothing pushing price around today.

I appreciate that LC Pepperstone has
dollar index and a version for Mac too.

So that's cool.

Can you go over to daily
swing high on cable?

It looks identical to Aussie and I
go over to the daily show on cable.

This pair here for the life of me.

I believe it's going to want to take this
and close that little portion and right

there, and it's not a significant amount,
but I think that's where we're going

to look to see price on, uh, the cable.

Let me say Comcast.

I don't know why I was
thinking Comcast 31 40.

I think that's where cable would
probably want to reach up into.

So ideally what we want to
see is market rally up here.

I don't, I don't see this.

I don't see this.

Another high and then reject and so on.

I don't see that here yet.

It doesn't mean it can't form today
and give us a weekly run lower,

but I just think it's more apt
to go to 1 30, 1 40 longer-term.

So I want to be more focused
on that scenario unfolded

and trying to capture a high

vantage FX and go markets had
us dollar index, but it's a

little different price to FX LTD.

Thank you for that, Anton.

But you can probably appreciate why
I would not want to do that because

I already get a lot of questions.

Mug data doesn't look like yours.

Maybe won't regardless
of where you're trading.

Who showed me initially how
smart money really works?

Well, my first introduction was
through lady Williams, but to

commitment of traders report.

And then I found out that
was a fallacy and falling.

It just blindly.

So I already came into trading because
of him, but the notion there was people

out there that knew more than I am
or knew, knew more than I do then.

And because of my attraction for
people trading in the markets

in America, online, back in the
nineties was kind of like the thing.

So they had message
boards on the internet.

And I ended up going into
one of the message boards.

Some guy was doing a stock picking
thing and I started naming stocks

and it got pretty, uh, I got a lot of
following, so let's put it that way.

And then everyone asked if I
did anything other than stocks.

And I was like, well, I
started as a commodity.

So I started talking about commodities
and specific moves in that market.

And I started getting popular there.

And then I focused on
the S and P and bond.

And because of that gathering, I got a
collection of people and made my own room.

And while I had my room and I would
do occasional posts to get more people

coming into the room, and it finally
got up to a thousand people in my

private room, uh, I was approached by a
gentleman that emailed me and, uh, asked

if I could be willing to sit with him.

And he would be willing to travel
to where I live on east coast.

And I was like, well, I'm not sure what
your interests would be with me, but, you

know, w w what's your, we, you getting it?

He said, well, I, I, I would like
to meet with you and just discuss

some potential opportunities.

I was like, well, what
kind of opportunities?

Because at the time I was
comfortable with what I was doing,

but long and short of it is.

Um, but we made an arrangement.

We met in a undisclosed place and we met
with another gentlemen that was with him.

There was two guys that came and he said
they have been very impressed by the

level of consistency I have with the
equities and the other market calls and

asked if I was working with someone.

And I was like, no, I'm just home grown.

I just did all this stuff on mine.

And he said, well, look, you know,
um, we have an opportunity for you if

you'd be interested in listening to it.

And I was like, okay, sure.

So I'm thinking, you know, they
want me to be like an analyst,

you know, that type of thing.

Cause I'm certainly not going to
try to trade other people's money.

Because at the time I was too
stressed out doing my own trading.

You know, there was a lot of risk and a
lot of leverage every time I took a trade.

So I already knew at that moment,
which later changed that I didn't

want to touch other people's money.

But if I was gonna be like
an analyst, that'd be great

because I saw people doing.

Those types of things.

And at the time I really
wanted to be in, in like the

magazines, like futures magazine.

Um, they didn't have like traded
magazine back then, but futures

magazine was like the, the magazine.

And I wanted to have my name in there
because ego and pump, and I thought that's

what these guys were going to be doing.

They're going like, Hey, look,
you know, they're gonna ask me to

provide like an article once a month.

And I've been all for that.

I was great, but they started talking
to me about things that, uh, would be

made available to me and, and teaching.

And would I be interested in
going to basically work with them?

And I wasn't really sure what
they were outlining until

our second interview meeting.

And they gave me some things to look
at it wasn't really highly detailed.

And, you know, just kind of like
quizzing me how I thought about things.

Like what was my mindset
about certain things?

And a lot of it had
nothing to do with trading.

Like, well, what's my opinion
of, um, certain things in the.

We have no link to trading whatsoever.

It's almost similar to, and I'm not
sure if there's any of you that are

like police officers, but it's like
a, um, a psychological evaluation

that was really like the question.

It's like a questionnaire like that.

And they gave me that and they
said, look, you know, bring this

back with you when we meet again.

And I'll, I'll send you an email
and we'll meet at that time.

And when we meet the same
place, I was like, okay, sure.

So literally I went home and
I went through it real quick.

It's about 32, 33 pages of questions.

And I just basically had to
make a choice of how I felt

about that condition or that.

You know, a fall process about
whatever it is that they were asking an

individual questions and I had to give
it back to them and I gave it to him.

We had another interview and it
was a little bit over an hour.

And they said, look, you know, we're
going to take a look at your, uh, your

responses here and we'll get back to you
again and we'll have another interview.

And I was like, okay, sure.

And at this point, honestly,
I really wasn't interested.

And I was thinking to myself, you
know, what are these people doing?

Like, I didn't, that didn't
feel comfortable because they

didn't get any, any real more.

If they give me a lot of information.

And that second one beyond the X
thing, questions of the questionnaire.

Anyway, Ms.

Harrod interview, they basically
outlined, um, how they would make more

information about trading available to me.

If I would be interested in
coming on board and be trained,

it'd be a formal training.

And I would be, you know, working with
a lot of the folks that you wouldn't

hear about or know about, but the things
that they know I have to be trained

and go through those types of things.

So naturally I was thinking, wow,
I'm going to be like, you know what?

The commercials, no.

And it's not that it was completely
different from that like commercials.

They're just like, like Hershey, you
know, they're large, big users of cocoa.

So they have real supply and demand.

You know, people tracking the supply
and demand factors around cocoa, because

if they have to use a ton of it all
the time daily to make their candies in

their, you know, their, their products,
they have to keep track of that.

And, and commodities, there's a
real supply and demand factor.

Every other asset class, it's
all artificial supply and demand.

It's it's engineered.

It's manipulated not to say that
commodity prices aren't manipulated

to certain degree because they are.

The, the third interview was more or less
like they liked my responses, but they

had a lot of questions about where, what
to, what lengths would I be willing to go?

And, and what threshold would I go to?

Where I would be willing to move.

And at the time I really
wasn't willing to move.

I'm a homebody.

You know, I like to be in one place.

I want to be bouncing around.

And they were asking me, looking
at, you have to move a lot and

work with other people too.

So it would be not just me learning it.

It would be you learning it.

And then I would be also teaching other
people, training other people, and

eventually all these things would make
me move up larger into more influence

about what the markets would be doing.

So I don't have.

Anything more I can say about it
here, but, um, if you're asking

like who they are and what their
names are, I'm not going to do that.

Um, and that's really supposed
to be talking about it at all,

to be quite honest with you.

But, um, all the things that I
learned about dominion relation

aspect of the marketplace, obviously
that's always been a 10 forehead

topic for everyone out there.

If you ever traded right away, you
can think of somebody out there to

get ya, but it's not retail anything.

It's not like somebody I can
say, Hey, look, redisk cause

this'll get you close to it.

It's nothing like that.

And if you see like you go on YouTube
and you look up banking, market

maker, obviously my stuff will pop up.

But then you have these other guys
that'll say, you know, um, what, what

the market maker never wants you to
learn or what they'll never teach you

about what the market make it does.

There's different degrees
of making a market.

I mean, obviously if you're a
writer for, um, options, you could

be a market maker in that aspect.

You know, if you are, uh, if
you're in a brokerage firm, okay.

And you're providing
that liquidity, you know?

Yeah.

You're a market maker, but that's
not what I'm talking about.

What I'm talking about is starts all
the way at the top and why the price

has manipulated from that point.

All these other people can come out with
courses and it can come up with workshops

and travel all around the world and
be real nice and polite and talk about

how, you know, it's this and it's that.

And it's nothing like that at all.

It's nothing like that.

There literally is a move on other
people's money and that's what it is.

It's not the retail folks.

It's the large funds and they
have a very systematic Jermaine.

No, not germane that, uh, Systematic
and generic approach to how it's done.

And they'll have a lot of variables in
it, but when you understand them, they

repeat over and over and over again.

So years ago, uh, I took it upon
myself to ask the general populace

through very selective means.

If they could get a group of people
traded, uh, trained to do this as well.

And I did it for a, for a fee
obviously, and that information is

pretty much being pumped all over the
internet and it's incomplete as well.

It has a lot of different stuff
that I don't even use anymore.

And the added things to it, all these
other indicators that I didn't use back

then, but the, uh, the idea of what
smart money really does like it, first of

all, there's no way I could have arrived
at these types of things on my own.

I had a lot of preconceived notions
about why the market does what.

But I couldn't put my finger on exactly
how it could be seen and expected

to see unfold again in the future.

Like I always see, like, anything else,
everything is perfect in hindsight.

But what I started looking at is all
because I journaled like a madman.

I mean, I'd literally kept journals
every single trading day, whether I

did a trade or didn't do a trade, I
was journaling all the time because my

opinion of development is you have to
have some measure of where you came from.

And if you don't have that, you don't know
if you're going in the right direction.

So, because I was obsessive about learning
this stuff and you're spending half of

a 24 hour day always being immersed in
it, reading it and listening to it and

cassette tapes, you know, when I was
dealing with any route, you know, I had a

headset, a Walkman, and I would listen to,
you know, dice talking about trading, you

know, and it was, I was constantly feeding
myself and a lot of it was garbage, but I

was always plugged into the marketplace.

So I've very, very high.

Selective about what I was listening to.

I didn't watch TV and doing
any kind of sports anymore.

I worked out and it just
consumed the market stuff.

Data looked at all kinds of asset
classes, tried to figure out

everything I could possibly figure out.

But what I learned from meeting these
two gentlemen and the things they

taught, it filled in a lot of the
gaps when I went back to my old stuff.

And while they did not say, um, this is
a breaker, this is a mitigation block.

Okay.

Those terms are created by me.

I created that.

So that way I can talk about
the idea that I see in charts.

And I'm not in any way, shape or
form in trouble for doing that.

That's why I've made it pretty much
that's public knowledge, but that

stuff doesn't exist in other things.

And while it quick glance, if they see
a rectangle Oman chart, they readily

naturally assume it's supply and demand.

And I am done.

I've done something with Sam's.

Over a trade at online trading
academy, I've watched maybe

seven videos of his stuff.

And like I said, if anybody's really
studied my work, you can see it's not

supplying demand, but because there's a
box that may be on my chart right away.

They're gonna assume that it's,
that it's nothing like that.

You'll learn.

If you haven't already learned the
storyline behind why price is moving.

That's the missing element in everybody.

Else's discipline.

That's why the breakers are good.

That's why, when you understand
when price comes back to a specific

block and if it's a mitigation,
why is it going to be resistance?

Or why is it gonna be support?

Because there's a storyline
behind it over here.

For instance, the reason why I did
the scalp yesterday, I'm going to tell

you why you as a smart money idea, the
range was already going to be capped

because of the likelihood of that
dollar index coming down to that bad.

It doesn't want to come down
here, rebalance that out.

They only wants to come down here
to close that in, not to go lower.

They want to come down here to close
that in and then likely move up.

That's all I need to frame a cell.

So what's the way I would want to sell
everybody else that wants to sell short.

They're already positioned here.

They came all the way
back up to take them.

So I'm going to sell as
that price was above that.

I learned that by looking at what I
learned in concept of how the markets

are manipulated and how other priced
and certain things around time of day,

I went back and looked at my charts
where I lost money, and I saw very

quickly where I was doing the opposite.

Like I would be looking
to go long up in here.

Like I thought early as an early
trader this move about this high,

any movement here in consolidation,
that's going to be a bull flag.

It's going to keep going.

And I would be getting long here.

So that would be buying the highs.

It changed that whole way of thinking.

When I look back at my own trades and
the real science behind what makes me

ICT or inner circle trader is I look at
the storyline in price, what they did.

And I justify in my own terms,
why they did it, they came back up

to take these stops to go lower.

Why?

Because it went down to farewell.

You got to, should provide support
in here on the dollar index.

And I'm not expecting a big move
because we're in consolidation.

So what have I done here?

I've created a criteria in concept
form where the dollar should be

forming bullishness or support
at a time when the price of your

dollar is rallying above an OHI.

This, this rally is going to be suspect.

They're coming back here
to take those stops.

There's likely to have being
a big upper range, not likely.

So all these classifications and,
uh, conditions being met around

a specific time of the day.

Well, we've already seen this type
of day, no time of day, rather.

1415 that's nine 15 in the
morning, New York time.

And you're expected a small range day.

You're going to possibly see what a New
York reversal, New York reversal unfolds.

And you could see it was only
one PIP above this high and

really, really nice entry.

Everything that I've done was
to go back and price and figure

out what that manipulation was.

And why would they want to
knock out that individual?

Or why would they want to take
price down to a specific level?

What's that storyline see?

No one teaches that.

They'll always talk about it in hindsight,
but no one has been able to put in the

work to outline what that storyline is.

Okay.

If you look at, uh,

Steve Morrow's, um, business, what he's
done with my information, he's had a

lot of indicators and crap to it, but
he talks about just the simple failure

swings at the highs and the lows.

Okay.

Sometimes it doesn't create that.

And that's why people that use that stuff.

They find on the internet.

They don't always get good setups.

Sometimes they're going to sell short
and it runs up one more time and goes

into a breaker, or it goes in and
fills in a void, or it closes a gap.

See, he didn't learn that.

I kept all that stuff from him.

I kept it from everyone.

The storyline is there has
to be a movement in price to

go to a rebalancing point.

That's what I liked about Chris,
Lori, because he's real close

to it, but he doesn't have it.

He understands imbalances.

But if you look at what he teaches, he
doesn't teach everything that I taught

just in the snow, the Cypress series.

If he incorporated that with what he
does, he'd probably do a lot better.

Secondly, uh, there's another guy.

Steve is a Steven Cole, Cole, Martin Cole.

Yeah, Martin Cole.

Um, he, you know, he has information,
supposedly that's the market maker, this,

this market maker that, again, watered
down version of a PDF file from 2001.

And again, he talks about the box.

What size is what's inside the box?

Okay.

All that was is a watered down
version of a conversation.

I had referring to how in consolidations,
we want to know what the market makers

are going to do inside that range.

And the manipulation is if we're bullish,
we want to see that manipulation move out

of the box, lower that's the Judas swing.

I didn't call it a Judas swing at.

I said, we want to see a swing out of that
box, whatever that box is going to be.

Well, guess what?

There's several instances throughout
the 24 hour trading day, where you

can see a potential Judah swing.

One of them is London lunch.

One of them is Lenin close.

One of them is London open.

And the other is the new day.

New York is generally always a
reversal or it's a continuation.

The way I break down price with all
these storyline ideas is it gives

you context, context that doesn't
appear in any other discipline.

So the greatest work I've had and what
makes my whole approach to trading unique

is that I have always gone into price to
try to justify what it is that's going on

because I don't see buyers and sellers.

That's what the market teaches us.

If you listen to supply and demand,
the guy says he learned this by

looking at the stack of tickets,
how many buy orders and how many

sellers he didn't clear for everybody.

So that's nonsense by itself right away.

That's nonsense.

That's like saying, you
know, the total volume, okay.

In, um, enforced because your broker
shows you their volume, that doesn't

equal the same amount of the total
volume of that buying or selling.

And you're not going to get real
accurate, uh, volume for four X because

it's, there's no local exchange.

There's no centralized exchange.

Again, I mean, we could talk about
this all day long and it's either

going to bore you or you're going to
be like, well, I didn't know that.

I mean, we've said it enough, but
the point is, is I don't want to

give you the impression that I'm
going to tell you their names.

Okay.

And how are you going to
meet them all my business?

Because when I walked away from
it, I was scared, you know?

And I was nervous when I first
put my first video up, I was

reminding myself out loud.

I'm only going to teach this much.

I'm going to say this much.

And, but what happened was, is I got
very, very good feedback, which I knew

it would, but the feedback became like a
reliving of the, the moment that I got.

And I got addicted to that feeling of,
I know what that feeling is for them.

And I wanted to relay that.

And if you go back and listen to some, my
videos actually got emotional something.

And because I know what it's like.

I know exactly what it's
like for all of you.

I know it's like when you were struggling,
I know when it's like, when you're getting

right on the cusp of success and I know
it's like, when you get it and you finally

have it and there's nothing I can do
to take it back from you and nothing.

Anyone else is going to say
to change your mind about it,

you'll know it, you know it.

So it's like, you know,
London create and hide.

Although today, I mean, you know, it
now that's the direction on biases.

You know, one sided, you know,
what's going to happen between

two o'clock and four o'clock
in the morning, New York time.

It's an, it's a dead ringer, not every is
going to do it, but you know, that there's

likelihood that unfolding it's there.

So, um, when I first started talking
about the deviations on central

bank deals, range right away,
people were trying to apply it.

And because they don't have
all the conditions that you

would look forward to apply it.

Oh, this is crap.

Doesn't work.

No, you don't have every piece of it.

If I give you, you know, Four pieces
of a jigsaw puzzle, the likelihood

of you knowing what their picture is.

It's not likely you're
going to know what it is.

So it's reasonable to assume
you're not going to get the

outcome that you probably thought.

So, yeah, I feel comfortable with having
such a, my dealers range on a YouTube

channel because it gives them enough that
they can find it in the charts sometimes

and say, wow, look how precise that was.

I wish I could have done that trade.

See, that's what you're learning.

You're learning all those things that
leads to why you pay attention to

central bank dealer drinks that day.

And why you go up one or
two standard deviations.

I put it out there to let people
know this is how I found it.

I did certain things and studied
way price did these things, and

it doesn't make me a genius.

It just makes me an
obsessive compulsive person.

I wasn't letting go of it until I figured.

And it took a long time for me to come
to terms with, I wanted it to be perfect.

Like every one of you, I needed
it to be every single day.

I need to know what the high
and the low is every single day.

And I was only getting like
two or three times a week where

I would nail the higher, low.

And then it came quickly that I realized
that I didn't have to have it every single

day, because I knew there was repeating
conditions that said, you know what?

It may unfold, but it's not
as highly probable as these

other conditions I've noticed.

And that's what makes this hard.

My stuff is expensive.

It takes a lot of time, a lot
of energy, a lot of effort.

But when you study it all, you're
going to get freaky results, man.

I mean, ridiculous, ridiculous accuracy.

And you've seen, and you've
seen some of it already.

So I went a long way around
who taught me this way.

Smart money really works, but
it was basically the information

that these two general.

Provided to me by way of something.

I can't tell you a teacher
show you because it's not for

the general purpose to know.

And I signed something just
like you signed something.

Could I can't divulge that.

So what I did was I bridged all that
and I created what you're learning

and you got about 75% of it now we're,
we're coming to the end of it all.

But by the time we get through
completed in August, I don't

have anything else to give.

There won't be anything
else to teach and I'm done.

It'll satisfy that promise.

I made that if I was successful, I
would make it available to other people.

And I'm doing that.

So don't think for a minute
down ever holding some secret

back that you need to make it.

Because everything that I'm teaching
you in this entire course, all

12 months of the content, that's
everything I know and how I use it.

And when I use it.

So there's nothing, there's
no secret series of videos.

That's going to come out.

There's no upsell.

Hey, if you really want to know
that I'm done, there's nothing

else I'm going to teach you.

And there's nothing else
you will ever need to learn.

You'll never need to buy another book.

You'll never need to look at
another workshop or video.

Another teacher you'll know everything
you need to know, you know, that every

criteria that you use it in and when not
to use any of it, and that's a complete,

that's a complete method of trading.

You know, I like Chris Laurie, cause he's
got a lot of simple things about price.

That makes sense because
it's very close to what I do.

But if I was going to be highly
critical, you know, just about every

one of them, except for, uh, closing
void, Um, they all have subtle things

that I would like to add to it.

And we've exchanged ideas in conversation
on the phone, or, you know, and when we

did do a webinars together, uh, at the
end, you know, would go over certain

things and we would compare ideas about
what we would interpret price at specific

Wells on why this and why that, but
apart from him, nobody else I don't think

should be listened to in the foreign
exchange market, because it's all fluff.

It's leading you the other direction.

While there may be some momentary
response off a price based on, you

know, something that didn't even
put that person in a trade with.

It just happened to be an overlap where it
worked like pivots pivot, sometimes work.

And sometimes they don't, but we always
see them in books where they always

call it the low and a high today.

That's not always the case.

There are certain things that, you know,
I teach just about generic to the degree

where you can expect it almost daily.

And it's very accurate.

It's not like it comes in.

And once in a while, it's a
daily phenomenon, every single

day, a high or a low forms, a
moment in one pair on all there.

And if you go back and look at the
analysis that leads you to a directional

bias, it's pretty much something
you can trade every single day.

But I don't like to do that.

I'd rather be a selective specialist
and I like Euro and cable.

I only offer dollar cat and Aldi
dollar as a means of providing

something else to prove that
this stuff works in other pairs.

Um, I collapsed a year, a dollar
trade because it hasn't moved and we

didn't see a continuation on a dollar.

And it's yet to move.

So it's better to be on the sidelines
now, nothing nothing's moving.

Uh,

would you add the free tutorial
link stuff to this forum?

If taken down from your website?

Let me rephrase that Matt.

I'm taking them down individually
and replacing them immediately.

So there won't be a point where
the videos are gone from my forum.

I'm just having Cody go through them
and removes the beginning intros and

adding a couple of different things
in the, in the production and then

re re replacing it back on the web on
my forum or not a former one, but my

website, I'm not taking anything down
to, you know, to remove it entirely.

I'm just letting you know I'm
going to be removing the, uh, the

website that's promoted in one.

I think if I'm not mistaken in one
of the series, My best one, in my

opinion, slapper shouldn't have never
had that, that form advertising it.

And it does get to use daily
action to eventually hit 20,

40, and 60 day data ranges.

Yes, David, if news outcome
known and advance by smart money.

Okay.

Is news outcome known
in advance by Slamon?

Uh, let me say it like this.

There are people that know what the data
releases are going to say before the fact.

Yes.

Are they smart money?

No, they're informed money because they
know what the numbers are going to be.

The difference between informed
money and smart money is smart.

Money will manipulate price
around that news event.

So, I mean, give me an example.

You look at a specific
report that comes out.

And if you go into Forex factory and
you click on the report, little folder,

it tells you the basic idea of how to
use the inter or interpret the price.

Um, expectations based
on the numbers release.

If this number is greater or higher,
this is positive for the currency.

Well, the release comes out that mousse
should be positive for the currency.

And what does it do?

It goes the other direction.

That's, that's smart money.

They manipulate the thought
processes because everyone's

interpretation of fundamentals.

That's not the secret to it.

Now it's the secret to
long-term investing.

Yes, but I'm not in for X,
for a, long-term investing

I'm in here for a while.

I'm going to put my money at
work and pull it back out.

So I'm using the model of smart money,
manipulating price around news events,

because what you normally expect to see
happen generally, isn't what happens.

And it's amazing.

It's almost like you can, you can
just do the opposite, what you expect.

And then lots of work to unfold and
that manipulation that takes place

while it'd be bullish for a currency.

If we see a specific number come out in
a high impact or medium impact news, and

if that release comes out and yes, it's
at a number or data point that provides

what would be reasonably expected.

Bullishness.

If I see a rally up to a premium PD array,
I'm selling short in that situation many

times, that's the manipulation side of it.

So I know what you're asking
in regards to, um, does smart

money know what the news is?

Smart money doesn't care.

What the news is smart money.

When I refer to it is the bank that
pushes price around and resets price

because they're making money off
of unsetting I'm sorry, unsettling.

The large funds.

If they can make a run on that
liquidity pool, they absorb that.

And also they can make, they
can facilitate their own trade.

So hopefully I answered your question, but
they don't need to know what the news is.

News doesn't move price.

Psychology does.

Uh, I have started to
become very good at trading.

Do you find it scary when you went,
when your win rate is really high?

Um, I think I've talked about this
in the mentorship and another time in

our free YouTube videos, but, uh, you
do, you definitely want to avoid that

John Wayne, you know, when you start
strutting around your house, thinking

yourself, I mean, I got this stuff linked.

That's usually when you're about to have
a, a losing streak and it's because you

feel confident, but then when you have
one loss that's reasonable and expected

and maybe a second loss is reasonable and
each you've expected you flip out and you

see if you identify yourself with I'm Mr.

Perf.

You quickly want to try and get that back?

Because if you get it back, then, then you
can tell yourself verbally and out loud.

Yeah.

I took a loss, but I got
it right back right away.

So I'm still awesome.

So yes, you, it, you need to be
aware of what you're feeling.

That's why, before you take a train,
you want to write down how you feel

because you're not writing it down
just to have it as a log to oh yeah.

That day I was happier
that day I was depressed.

What you're doing is you're making
a mental mile marker for reflection.

Like I know I'm going
into this trade right now.

I'm pissed off.

I'm pissed off because
I got to drive 10 hours.

Okay.

Tomorrow, because I don't
want to get on an airplane.

You know, I'm mad.

I'm angry.

Okay.

So I'm going to make
that entry in my journal.

So right away, that should be a reminder.

Hey, look, I'm going to probably be doing
things emotionally in the marketplace.

So if I take a loss, be
done with the market.

Don't take another trade.

So that's why the benefit of having
that in your journal is there now

in relationship to how, if you
were feeling, I feel good today.

I feel, I feel confident today,
or I feel like I'm winning, you

know, then you're really elated.

So when you are in a winning trade and
you feel the impulse to say, like, I

want to hold for a little bit more it's
it's going to turn into a bigger trade

reflect back on how you started the day.

If you feel like you're Mr.

Perfect.

And everything's awesome.

Okay.

You want to close the trade because you're
already getting that king Kong feeling and

believe me, that is such a true statement.

When Larry Williams said it, as soon
as you pull out the calculator and

start thinking about how much more
you're going to make on the trade.

And it's that served me well, it's like
a gospel now for me, I listened to it

in my internal dialogue all the time.

So, yes, to answer your question, Dan,
it is, it should be scary for you when

your win rate goes really, really high,
because you know, what's going to happen.

Eventually you're going to have a loss
and how you deal with that loss is going

to be really a direct correlation to
how you're going to be a trader for the

next month and a half, because you're
probably gonna lose your account.

You're gonna think you're too high and
mighty as a trader and you won't accept

one loss cause you're gonna try to hit
it and get it back to prove that you

are that rockstar and it messes you
up and you, and you parlay that one

or two losses into a series of them.

And you know what the outcome is.

You're not going to keep
the same risk model.

You're not going to double down.

You're not going to reduce.

Okay, you're going to double up.

You're going to increase the
leverage because you want to get.

Bruised ego syndrome is the worst
scenario for men in trading.

We don't care if we take a loss, as
long as we get it back the same day

after the mentorship, did we still
have a chance to learn from you?

Uh, you were saying that you will have
a signal service or something like that.

Is this the case?

Um, I don't believe I'm going
to be doing a single service.

Now I do that the, the mess of
patrols, but I have committed

once a week to you guys.

I think that's fair.

My wife and my family would have
no problem allowing me to put 15

or 20 minutes into a weekly, um,
you know, just to touch base.

Everybody give up, give my opinion about
what the markets are doing that would be

done in a real quick, short 15 minute,
20 minute video on a weekend, like on

a Saturday and say, Hey look, you know,
I'm really watching this this week.

That way you can use the
information you learned.

But I don't want to make a promise
to you anything more than that, but

I think once a week is fair, you
guys will have a lot of information.

We'll be doing your own thing, but
will still operate through the forum.

Um,

I'm confused on ADR.

Do we use the whole range for stop-loss
or 50% if you're doing a swing trade or

a position tree, and you think that the
position is more likely to move off of

a hard timeframe, longer term, you enter
this time of day with the full five day

average daily range as your stop loss.

And it makes it real easy.

You don't have to be doing
anything scientific, no

measurements or anything like that.

It just simply get a value
adversarial range for buying.

And you subtract that from the
opening price or 10 or 20 cars below.

If you want to be buying all limit
in place your, uh, find the average

value range stop-loss below that.

And you just let it go.

If you're not going to be using a higher
timeframe, swing or position trading

entry, you just take a 50% of that
last five days, average value range.

And I say real good general thump.

And if you can provide support
with all the things you learned

from last month and this month
content, you're going to find it.

Your stop-loss can be a
little bit smaller than that.

Uh,

some of these questions are really,
really, really old and you were

probably responding to something I
said, and I can't pull that up to

figure out what you were saying.

I don't ever use the Euro index now.

Um, yes.

I want the liquidity to come back to,

am I staying the whole New York session?

No, I'm going to be closing here
in two minutes because the video

is now approaching two hours.

A lot of repeats the questions.

Yes.

This is what we're going to doing when
we complete this month, apart from any

little subtle things that teach you in
August, there will only be applications

of everything that I've taught.

So anytime we go about discussing
the marketplace, we'll be framing

it on our daily chart index.

So you'll have a daily chart
and a lower timeframe chart.

It may be a four hour, maybe a wire,
maybe a 15 at typing, depending upon what

the conditions marketplace at that time.

And I'll tell you what side of
the marketplace I'm focusing on.

If it's going to be a short term swing or.

If there's conditions are there,
you'll always see that in my chart

and you'll have the levels that
I'm watching in a PDA, right?

So while there are other PDRs to work
off of, when I do my chart index charts

with you, the ones I'm focusing on that
I think is the largest draw on price.

Like I do.

Now that will still be there.

I'm not going to address the
chart over every single PD array,

because then it comes two months.

But I'm telling you why I believe
price is going to go to that PV array

and that why that that's the basis.

Why you'll know why I think
that market's going to go either

on one shot, one kill basis.

If this is a day trade, if it's
going to be a swing trade, or if

it's setting up for a position trade.

So once we get through this content of
this month, everything we frame will have

to have a classification because there's
nothing new in terms of the teachings

that you'll have in the mentorship after
this month, just the application are,

uh,

Is there a financial news outcome,
noon in advanced by smart money?

I think I already answered that.

Yes, I'll show you my, uh, my trading
desk and all the modelers, all that stuff.

And how I do it,

the bat cave,

uh,

I'm not sure if he asked a question
Darrell, but see your comment

about wanting to leave Bitcoin.

I do not want to touch it.

Don't care about it.

Wouldn't trust it.

And you can fly all the way to the moon.

I could care less.

Penny stocks do that too.

And they crashed

Will you be rich with these concepts?

Well, I don't know.

Rich is basically a term that everyone
else will have a different definition for,

but I can tell you you'll be richly in,
in, um, blessed because of the insights

that it gives you and how you use it.

Obviously, you know, if you use wisdom
in the right context, you know, it's

going to have a positive outcome.

If you put money to that as
an investment, I don't know.

I don't know how much you can
make, but if you don't do the

right things, you can lose.

Yes, I'm teaching kraut this month.

Um,

active trades has dollar
index and tight spreads.

Thank you.

Ready, echo.

Um,

should we use four X LTD for
analysis and transfer the ideas to

our live accounts for execution?

Well, I don't tell you
to do live executions.

I tell you to work in four XLT D.

That's how I have to operate in
the states to stay within the

regulations set forth by CFTC.

So you'll only hear me
ever refer to Democrat.

I'm not licensed to give trade advice.

I'm only talking about things in a demo
account where you can't make money and

you can't lose money, but I'm certain,
some of you will see repeating phenomenon

that will bolster your confidence
to make a segue into live accounts.

You decide when you're going
to do that on your own.

I never tell you that because
the risks are all of these.

They all yours just as
well as the, the winds are.

And I don't take credit
for either one of them.

I can see you Andreas.

So I'm not sure if he said
something other than that one.

Yeah, no signal service.

I'm not doing that.

You guys don't, you, ain't
going to need a signal service.

You're all going to be starting
your own signal services.

Yes.

I'm going to teach how I do all my
compounding when I'm working with an

account for real, real aggressive.

Uh, it works nice with tree software.

When transitioning into a live
account in the future, what do

you advise as a reasonable amount
to start with the lowest amount?

You can start with

whatever the minimum is that you
can start with for life funds.

Use that.

And I mean this okay, because if you
can't grow a $1,000 live account,

you sure as hell are not going
to grow a $50,000 live account.

You'll see when you trade with
live money, even if it's a smaller

account, it's going to many times
calls a great deal of a nerve.

It's going to unnerve you.

It's going to stretch out cause
you're going to, you won't have that

feeling of I'm protected because it's.

On the study and the outcome.

So it's not, you're not done with
this mentorship when you complete it,

you still have to make that segue.

Eventually, if you're going to invest
in what life funds, you have an

experience of trading with live money
that you have to go through too.

And that's all solo.

It's all on you.

But if you stick to the things
that's being taught to you, at least

you'll have a framework to work with.

And not just simply just
go crazy with yourself.

And the fact that you're a, once
it reached down in here, I guess

they got tired of waiting and
seeing if I was gonna close this

session, man, ICT stopped talking.

We got to get this year.

We go lower.

I'm going to outwait them.

You got time of day to work with anybody.

I don't.

I can leave this recording all day.

What size of an account do
you need to make $300 a week?

Um, you could probably do really good
with a hundred thousand dollar account.

You probably wouldn't take much
effort at all to make that,

uh, a hundred, a hundred thousand dollars.

You can, uh, you can do
really well with that.

You could probably get three 50 easy,

but you probably had to stay
up all on it to get that

in seriousness to make $300 a week.

Um, let me see here if I was doing, if I
went back in time and I said to make $300.

Uh,

$5,000,

$5,000.

And if you do a three to one vision,
a 2% risk, you can get a $300 on that.

So here's the Euro

reaching for the 10, I'm
sorry, the 1 0 8 90 cell stops.

Is $10,000 per week, a realistic target.

Well, for demo, it's realistic for
overleveraging and you're putting

as much as you possibly can and not
worry about margin calls, but to make

$10,000 a realistic weekly objective.

If you have a large account, obviously
it's all relative to how much you're

earning and how much you're losing.

But I think the question
that's why I answered it.

The question was it was realistic.

You know, what, what do you need to
have to make about 300 hours a week?

yeah, I'm trying to outlast
them today with the Euro.

See what the dollar is doing.

See if it's running for these buys stuff.

Ooh, look at that.

They took out their equal highs,
but it doesn't mean it can't

just call right back in the.

We had to expand up.

We identified these equal highs here, so
we want to see a price run through next

level here to watch this yesterday's high.

So if it gets through that, we'll
probably want to see a signal expansion.

What sound that I'm making?

I don't know what I said.

Let's look on a five minute
gives more volatility.

Well, I think if we put it on
a one minute, at least it'll

feel like we were afraid modern.

Yeah.

I'm just going to say it.

I think they're out here watching.

And they're basically trying
to screw up wherever they can.

Cause if they can unseat me, then there's
going to be no faith in what I'm teaching.

And everybody's just forget about

Merkel's sitting at her terminal
right now saying, look, we got

to get this guy off the internet.

What are we gonna do?

We had Robbie map

little.

Did he know?

I'm still short?

Ooh.

Alright.

So we're looking for the cell
stops below these equal lows

over here, 28th and May 1st.

So that's where our liquidity is.

We've already ran out to
sell stocks below here.

No, I'm not sure.

I'm just kidding.

I'm saying that to see if
they could get to work yet.

I'm still short might to go up 90 pips.

Norman says never traded ruble
or butanol send the death squad.

Oh man.

I honestly, I hope I hope for not
only for your sake, but for my sake.

Cause.

When the markets are really running and
they're moving around, I promise you, I

will be very entertaining in the markets.

We'll be able to be responsive to
the levels I'm looking for that.

That's very fun.

It is so much fun to be in that
environment where the markets have

volatility and we see where they're
going, what they're keying off of.

But I can't stress that enough.

I'm I'm so disgusted with the way
the market's trading right now.

Like I want, I went to see
something happen big and it

may have to be something bad.

I don't want to wish anything bad on
anybody, but we need to see something

happen to get these markets moving around
because they're right now to this sitting

and waiting for the next shoe to drop.

And it's real.

It's, it's difficult.

It's very difficult to get movement.

When was the last period when
the markets was really good?

Well, the market was
decent for us last fall.

Uh it's is it realistic to only
trade in London, live in Europe?

You're finding that your most
profitable and you're not tired.

That's well, as the benefit of having all
the information, because you can select

the lead pick, whether you're going to
be at London trader or New York trader,

or if you're forced to work in the time
of day where you can't be up for London,

because you got to go to work or start
your business, and you're doing your

business, or you're working on the New
York session, it kind of leads you to

doing what we taught you in April using
the agent session to get your entries in.

Trust me, there's no reason.

For you to feel like your
circumstances are going to limit you.

There is something you can do that
will provide you a means of trading and

you can still participate in whatever
moves that take place on Monday.

You don't have to be awake.

Don't don't think you
have to be up doing that.

You don't.

Do you have any more insight to teach
on price action formations that is

applicable to all asset classes?

Yes.

It's.

Every time price makes a high or
low, there is a reason behind it.

Yes, absolutely.

Anytime price takes out an old high
or an old low, you gotta be asking

yourself what would be the reason.

That's why I like turtle suit
turtle soup gives me context.

So I'm looking for a move above an old
high to either justify continuation

on a larger mood or a higher timeframe
premise, or to see them take the stops on

a short term manipulation to get short on.

And by having that storyline
premise behind why you're looking

at price, it helps you with bias.

It helps you with overcoming fear.

Like I know this isn't
that much of a move.

Okay.

But a lot of you're still
scared to sell above that high.

Like you would never think that to the
comfortable position to do going up here

right above here, I'm going to sell it.

It doesn't make sense.

It feels like you're breaking
out was really strong.

And that's why you had
to do these exercises.

This basically desensitize you to it.

And once you understand the
conditions and the rules that

we look for, it's no problem to
do over and over and over again.

You won't fear taking over.

A lot of you, that's what you
only have to do right now.

I mean, you know enough that if you
just simply would just practice and

execute on it, most of your problems
right now are all in your head.

You're afraid.

You're afraid.

If you have a string of
losses, you're afraid.

If you, if it doesn't continue in
your favor, who would've happened,

if you go into a tailspin, you know,
are you going to nuclear account?

See if cable cables doing, uh,
their home and consolidation today

we are.

So they're holding K one consolidation.

They're dropping your own Pam.

So your panel needs to
go below these lows.

Here.

We have a gap.

Great in here.

So this might be a really
short, lived decline on fiber.

So we're looking for that and that'll
take the cell stops, closing that gap.

So if it goes down anymore, it
probably is only going to go to

reaching for these, if at all.

So just be mindful of that.

All right.

I'm going to close this one cause it's a
very, very, very long, very long video.

And the folks that sit in indoor, this
are gonna be like really SFU, all that.

What did I get from it?

But yeah, I, I promise you my, my time.

So it is what it is.

The, uh, the Euro finally moved a
little bit that moved much, but right

side of the market, again, I can
say once they, once they relax the

market and they can see movement.

Trust me, you will be elated.

It's going to be crazy.

It's so much fun to see how that moves
and accelerates away from the levels we're

looking for and go right into the profit.

We're going to have the window
of profitability down into like a

30 minute time window, and you'll
see, they'll go right into them.

You'll love that.

Trust me.

But you've got yeah, guidance through it.

They're not going to hold
it like this entirely until

September is, and you'll see it.

September is monster is going
to be question and answer.

But if we maintain this sloppiness
and type ranges in, uh, in may,

I'll do the, uh, question and answer
stuff, but I'll also do, uh, I

don't intend to do live sessions.

There were charts in September, so
that way, you know, all I'm doing,

I'm only answering questions.

That's been posed to me in the
form that have been remaining after

all the contents and released to.

I'm going to create a thread that way you
guys ask whatever it is that you're having

struggles with, that you need closure on.

I'll spend that time answering those
questions and get your format that

we have media examples and show you
why it is what I'm saying, but I'll

overlap that with, uh, with traits

because September is a really nice month.

I mean, that month is
usually a very liquid month

and that's it.

So for those that hung
the entire time, awesome.

You got the Ironman award.

If you didn't lose consciousness
and didn't fall asleep, you

get a bonus for that too.

But at least you can see, even
though they kept pricing or tight

range for a moral victory alone,
uh, we had the direction, right.

We looked for the market.

Create a sales scenario and then sell off.

We looked for the dollar to
create a low, which we basically

almost nailed almost right to it.

We went just a little bit below
it and we see the responsiveness.

So you can forecast, you can see,
um, how you can frame this set off.

Well before in London, I mean, I
gave you this last night before what?

Eight 40.

I think it's one of those
posted to the forum.

So anyway, it'll get more.

It'll get more exciting than this
and I'm going to leave it at that,

just watch and see if we get through
this high, if we gain momentum, we're

looking for these, but I stopped
over here with the excess and that'll

drive your down into the cell stops.

And I would like for it to stay.

Just below here, maybe go down
maybe two or three pits below that

and then consolidate because if we
get that, what we'll look for is

a range expansion on the upside.

Like if we don't like, we don't go much
below here, this is a better scenario.

Say we don't go much below this low here.

And this is the low of the day.

I would like that if we consolidate
here, left this void, because then what

we will be looking for is eight o'clock
tonight in New York time priced to

want to rally up and close that void.

That's our sell.

And we reckon around for the gaps.

That's the outline I'm
calling for right now.

If it changes and say, we go below
these lows here, I would like for it

to price, to consolidate around that
level and not closing that void, but

start to trade up in late New York, then
consolidate around the same level here.

And then we would still look for that
scenario to trade up, close that void.

Great.

And then make a run down to this
level here and below this level at 1

0 8 55 for the cell stops below that.

All right.

So that's it's folks.

Um,

if you're still here, awesome.

I just didn't want to hold onto it.

And I hadn't planned on being here
this long talking, but you guys got me.

Do you ever Jagen?

You know what I mean?

I got man, thank you very
much for your prayers.

I will touch base with you later on today.

Again, remind you the schedule of
what I had to do with my family this

week, and then we'll be at that.

Can I get that again with
something outlined for eight

o'clock tonight in Asia?

Awesome.

Thank you very much.