All language subtitles for 091416_recap EN

Sorry about that.

I was trying to get, uh, this little
thing pops up on go-to meeting.

Sometimes if I click on the wrong
thing, it tries to start at the

same time, go to webinar and it
was loading it to stay there.

Couldn't get had going to task managing
it's just pain in the rear end.

All right.

So we have dollar fall off.

It's now into, it's already
consumed by the older block.

Next one will be here.

I don't like this as a title.

Or intermediate term high either.

I like to see it come down
here and get a response

cable.

We'll cover that in a couple of minutes.

So you're back into this order block here.

So we're probably going to
lose it and go down into.

1 31, 10 or 1 30, 1 to five.

Okay.

Yeah.

That's why we take partial profits.

Guys.

Don't listen to any of mine.

I says you gotta take full prof.

Full staffs is ridiculous.

All right.

So.

I think it's safe to assume that we
are done with the Canadian, sorry,

with the pound dollar on the heels
of the numbers release at 10 30.

Um, real quick.

I wanted to see who I was having in
mind, hopefully, um, that we would

consolidate in here below this line.

1 31 57.

And if we were going to consolidate,
I was waiting for them to own the

Hills of this release at 10 30,
perhaps getting a rundown and hitting

our limit order at 1 30, 1 35.

Um, it didn't happen, uh, but because
we're coming into the numbers and we

had already entered the 10 o'clock.

Uh, New York time is profit taking
a window for the Alverno, usually,

uh, pricing daily, higher or low
between 10 o'clock and 11 o'clock

in the morning, New York time.

Um, you could see the response off
of that as soon as we did the tweet,

uh, totally take some profits off.

Um, the entries were here.

Let's do them in a little bit.

Okay.

So here's the London.

We sold until bare shoulder block
covered rape a little low here.

And then we had New York set where
I outlined it during the previous

session, prior to the one we're
looking at now, we sold short head, a

little bit of a draw down, not much.

I don't know.

I'm not even sure having Pepsi's
on that really concerned.

Uh, but we took a first profit
down here as it went below.

The stops noted over here.

Hmm.

So he took partial prophecy or
half of the original position came

off at that point right there.

And then when price drove down
and we broke below another area

of liquidity, I told her I ran
a tweet we have means to do so.

Take something off again.

We covered here a little bit.

Some, some more of the profit would
have been absorbed as well there.

And then we lowered her,
stopped down to 1 30, 100.

Which price then for this
feed, uh, gave me a 14 PIP, um,

in a 14 PIP, uh, balance
that was positive.

So no losses today.

Um, this is the, uh, the results
of taking these types of trades.

Um, two entries one morning
and one in New York.

In New York, we managed, uh, to see
the full, um, return all the way

back from the 10 o'clock window,
make an a, uh, daily, low form.

We expected that to occur
relative to time and price.

We took profits along the way, making
sure that even if we're wrong or.

We kept risking check.

We kept, uh, logical areas in
mind where we want to take profit.

And once that was established, we
were okay with leaving the remaining

balance, which in my case was,
um, paying for one standard lot.

And that was what you see here.

Stopped out.

Okay.

Um, we took, uh, 1, 2,
3, 4, 5 profitable exit.

Over the heat over the
course of two positions.

And, um, it's not a lot there.

I mean, it's not much in
terms of, uh, position size.

It's not much in terms of movement
either, but you can see, you don't

need a whole lot to do very well.

I mean, for some of you that are
watching the young, without any

real professional careers, this is
probably what you earn in a week.

If not that, and you probably
don't even earn that much at all.

So I'm not using five lots, 20 lots
and stuff like you've seen in the

past, on the, you know, on Twitter,
uh, screen captures and I'm giving you

something that's in realistic terms.

It's not like a lot of,
uh, Yeah required money.

You don't need to have a whole
lot of money to do very well.

And this is how you can do just one.

Yeah.

And then we had to work for this.

Now it wasn't an easy day.

So, but understanding where the liquidity
is, where the most likely direction of

the market's going to be relative to
the dollar index is suggesting, uh, what

the other major currencies are doing.

They need to be having a mirror
image of, or inverse relationship to

whatever pair we're gonna be trading.

If we're gonna be
trading the pound dollar.

We're expecting bullishness
near term or firmness.

In other words, it has to, it has
to go sideways or up for the dollar.

And then we can go short on pound
dollar or another foreign currency

that was, uh, poised to move lower.

Uh, oh, for our focuses on cable today,
we outlined the fact that we saw this

move here as the Judas Swain, that
this would be the high of the day

is so far it's the high of the day.

Unless the numbers generate a move all
the way up here, which it still can do.

Yeah.

Um, I'm not concerned about that, but,
um, I think today gave us number one, a

really good learning experience because
we were in a difficult market environment.

We were waiting for numbers.

The market was in consolidation across the
board for the most majority of the day.

And then we had an opportunity to
exercise, um, you know, scaling

out positions, paying ourselves,
you know, we have to fund.

You know, our trading business
is a company, but the employee

is you and you're the author.

You're also the employer.

So the only way you're going to get
paid is if you pay yourself and you can

see the benefits of doing what I teach
it's here, that you can't argue with

the numbers, you can argue with me all
you want about anything else, but the

bottom line is, are you getting paid?

You have to get paid doing this.

If you don't number one, you're
not going to stick with it too.

You can't survive.

So.

Uh, we looked for logical
areas of profit taking.

You can clearly see where the areas
of institutional order flow were

in effect and why I was saying,
we need to take some profit here

and then take some profit here.

And then we put our
stop loss and let it go.

We didn't care about it.

Okay.

Because the majority in bulk of the
move has already been paid to us.

And we had profits in the back of,
uh, in the London session as well.

So we, we, we had a really
good day, in my opinion.

I think we had a really good day.

Uh, we had, uh, we were blessed with a
difficult market environment to trade

in, and I really can't ask for anything
more outside of an outcome because it

gave us again a really positive days.

We're doing very consistent.

We're not making tons and tons of money.

We're not taking tons of
pips out of the marketplace.

We're consistently going in exercising.

The ability of being consistently
profitable, not right, not

perfect, not now on the high.

And now on the low, we
don't need all that.

You just need the stuff in between
those two high and the low.

Okay.

And we know when they should
form, and this is, this is

what you can reasonably expect.

I mean, I think this is.

Every trader really should
aspire for this level.

Not trying to get to 250 PIP weekly
range that you grow into that.

And we're going to teach a lot of
that stuff over the next 12 months.

But for now, I want to give you something
that gives you realistic expectations.

It doesn't inflate your
expectations where you're coming in.

And man, I'm going to
make your 90 pips today.

No you're coming in the trade with
the market offering you right now.

Okay.

And I'm using the intraday model a lot
because it gives me immediate feedback.

And it gives you a feedback on
whether or not the stuff that

I'm teaching you has merit.

Okay.

Cause I could be online pretending
to be something and come in here

and flounder and look foolish.

That's not what we're seeing here.

You're seeing the things that
I teach are very consistent.

They diluted.

Almost every single day.

There's an opportunity we need.

We may not take an opportunity
that every single day, but we'll

be able to study something.

I'll give you something to, uh, to you
spend your day while watching price.

Cause you're, you're an addict.

Like I was, I'm telling you, I know you,
that you want to continuously look at

price charts by having a context and
knowing what the book it makes your

study fruitful, instead of just wondering
and worrying about what you mean.

This way, you're actually
engaging the marketplace and

your rent and your learning.

Okay.

So that's, I think that's about it.

I'm gonna use this as
the, uh, the daily recap.

Um, I'm not asking for any
questions, but, uh, just want to

get some feedback in regards to.

What I'm supplying so far.

Okay.

And I don't, I'm not going to be here
for two, three more minutes and we're

going to close it, but I want to ask
while I have your attention, um, there's

a lot of things that said about our
community, more specifically about me and.

Well, I do a lot of things online
to play and entertain myself.

Um, in this realm, I'm
trying to be focused and as

professionals I possibly can.

It doesn't mean I'm not going to read you
guys once in a while and joke with you,

but I'm trying to be very mindful that you
are paying me for an exchange and service.

So my question to you is, are we in
agreement that what I'm sharing is.

What you were expecting it minimum.

Okay.

For the ones that are concerned
about the intraday day trading,

that they can't do that.

Okay.

I'm asking you.

To trust me.

Okay, I'm doing this entire month to prove
to you that you're learning concepts,

that work, they work, they absolutely
work, but I don't want you feeling like,

because I'm teaching in intraday capacity
that that's all this is ever going to

be, and there's nothing else to do this.

So therefore, if you can't be a day
trader, this is probably not the

best thing for you and you need to
move on and go someplace else or

not be a part of the mentorship.

All those things that you want to do.

I have to get to a general foundation
of what we look for because everything

that's being seen on an intraday chart
is going to be seen on a daily chart

and a weekly chart before our chart.

So I know what you want
to do as a student.

And I know what you want
to do as a human being.

You are in a hurry to get to your
understanding of how to do it.

And you're thinking if I can learn
faster than 12 months then great.

I'll have to speed.

I don't have to be here for 12 months.

I have to spend the money.

I could tell you right now, I'm going
to turn this into a 36 month course.

Okay.

And I'm not telling you, I think
it's reasonable for you to be

submitting yourself to 12 months
and it has nothing to do with the

amounts of money that I'll collect.

It has nothing to do with anything.

If anything, if I was trying to get
money, I would say, Hey, pay for it.

All right now.

And it's only going to be 90
days and I ain't got to have

the Don commitment to it.

I'm telling you in realistic terms for
you to learn what I know you want to

learn and what you should need to learn.

It's going to take you some time
and I have to get everybody at

least as close as I possibly can.

And then in the beginning
three months, okay.

Up to the closest level of
understanding as I possibly can.

If you feel like there's redundancy
the daily involvement like this does

away with that sense of redundancy.

Okay.

Because you're actually seeing it
used, it's one thing to see the

tutorials and read and watch a video
and see me demonstrate it after the

fact and me telling you I did this
and I did that and I did this over

here and it looks like hindsight.

And you really don't know
if it really was taken.

If the tray really wasn't there.

You're seeing it on a daily basis, that
these tools will give you the perspective

that you want to have as a trader.

We're not guessing we're not knowing
with AV solutions either, but we know

where the probabilities lie, where
the market will most likely go to.

If you get comfortable living in that gray
area, it's not, you are going to be right.

100%.

You're never hearing me say, watch
and see it's going to do this.

Okay.

I'm telling you what I anticipate to see.

And since we started the last week of
August before the actual mentor shark, uh,

mentorship started, uh, every single day.

There's something transpiring in
the charts that we've outlined.

Okay.

And my hopeful, uh, my hope for
all this is thus far for September.

I have been diligently
trying to communicate.

To the ones that are still on the
fence about whether this is real,

whether this is something they can do.

Is it something that people
can really consistently call?

That's my goal for September, because if
we can all eliminate all the stuff that

I've done over the years to play with
trolls online, um, that's what I wanted

to communicate for the first month.

That's showing you what
the market's doing.

I'm not telling you what
to do with your money.

I'm never going to do that in the entire
12 months, but look at what's been shown.

Just look at that.

That's all I'm asking
is it's look at that.

And you tell me if this would, if
it stayed just like this, which

it's not going to, but if it just
stayed like this for 12 months,

while you were learning tutorials
two times a week, I can't imagine why

anybody would be upset about that.

I just, personally, I can't
see it, but I know some of you

come from different cultures.

You have a higher expectation
in certain things.

I just want to know, am I am, I mean, A
minimum threshold of your expectations

thus far, because I know where my content
is going to take us, or I'm not lacking

in any area in terms of what you expected.

Okay.

I appreciate that because I'm
not taking, I'm not taking the

fact that you're giving me money.

Likely.

Okay.

I want you to number one.

When, when, when this mentorship
ends, I don't want you to having any

regrets about what, the amount of time
you spent, whatever money you spent.

I want you to feel like you had
an absolute value and that you

came away with an empowerment
that I know you were going to go.

I think if you put the time in,
you're going to walk away better.

I know you are.

And I'm hoping that you see the fruits
of it every single day we get together.

We have an understanding of what should
take place, why it should take place.

And admittedly, I'm learning how to
do this in a commentary capacity.

Cause I haven't done it before.

So those that are not in the live
sessions, I need to be prompted

by the ones that are in the live
session, um, to send out charts.

Because the folks that are at jobs
and I'm a, um, believe me, I read

your emails and I read your, your,
your tweets to me in private.

I need to remind myself of doing that.

Okay.

And I know it will help you
because you're at your desk job

or your, whatever you're doing.

And if you get a chart and you see
what I'm talking about, live Daniel,

obviously know where we're at in
the live session in terms of what

we're expecting for the marketplace.

So I apologize for not having done it.

Expediently or as consistently as I
should be doing it, but I get tied

up in explaining this things live.

And admittedly, I forget those
individuals that are not in here may not

be aware of what we're talking about.

So my request is the folks
that are in the live sessions.

If you would please help me remind me
that when we're talking about a specific

idea where the market's at, remind me.

Mine please to send the chart via Twitter.

Cause that'll help me do that
because I want everyone to feel like

they're number one being considered.

And I'm not only just both of
them, the ones that have the

ability to sit in here live.

I want to be able to service everyone's
expectations as best as I possibly.

And I might not be able to do that for
some, and I appreciate, you know, your

opportunity and, and, and allowing
me to try, but I may not be able

to deliver what you, what you want.

And I'm okay with, if you come to
the conclusion, this isn't for you,

I'm not going to talk you out of it.

I'm not going to try to, I would like
to know why you didn't want to stay.

Um, but you don't have to give me that.

But if you ask, you know, th the
canceled subscription, obviously you

won't get billed for the next month.

I I, my intent is for you to
be a part of it and learn,

uh, what are the red dots?

What are the red dotted lines?

Oh, that's what asking me.

I'm going to take those off.

The dotted lines are
from, this is the entry.

Excuse me.

We get this out of the way.

A little bit.

This little arrow here is where in
the London session I went through.

At the bottom of a bear's order
block and a dotted-line connects

where the exit is down here.

Okay.

So that's the close of the trade.

And then in New York, I went short
here with two lots and the first one.

Exit with profit.

I took one lot off there.

So it's connecting where I got in it
and where I got out at and in the second

exit from this same entry, I took a
half of a standard line off, down here,

and then I left the remaining portion
to get stopped out at plus 14 pips.

So it just gives you a reference
point where you were at N

and where you're getting in.

That's exactly what you're going to get.

Andreas you're in 12 months, you're
going to know how I think about things.

The procedures I go through
that are routine in my mind.

And eventually once you understand those
routines, you'll know what I'd be saying.

If I was sitting next to you or on
the live session, you know, you'll

think the same things I'm thinking
because they're very generic

principles, um, Canadian dollar, um,

so far we've repelled
off that bullet or block.

They may come back up here and
clear these highs out and maybe

stretch its legs a little bit.

For the upside.

It depends on what the dollar is.

I'm gonna take a look at that.

Yeah.

It's come off the bull shoulder block
here, which is what we're expecting to see

a little bit of a movement off of that.

I'd like to see this thing, turn into
a wick and then run up to the level.

You're looking for 95,
95 to 96, big figure.

Pretty cool.

But if it doesn't I'm content with what
was delivered today in British pounds,

um, I don't predict what we're going
to do tomorrow until I get a feel for.

Midnight in New York.

That's that's when I have an opinion
about tomorrow, I can have all kinds

of expectations, but I don't really
develop an opinion or a bias until around

midnight in New York, after that's,
after that price is priced in and I

see what Asia has done and what we did
relative to the previous New York and

London session, then I can adapt and
you'll learn all these things, but.

You chocolate and I appreciate your
enthusiasm and I love it because I get to

relive all this stuff for you, but I don't
want you feeling like you got to know

what's going on right now for tomorrow.

Cause I don't, I don't know that you're
never going to know that we, those

biases around midnight, every night
going into the Frankfurt in a European.

You gotta put it on vibrate.

All right.

So can I show the fibs set up
again, perhaps take a screenshot.

Okay.

Um, I'll do that.

And then I'm going to close the guys
cause I've really, I'm exhausted.

And I have people that
have sent me emails.

I got to get back to and I got to update
my list of questions I got to respond

to for this week's weekly recap video.

There's a lot of questions that
came on the forum and a lot of

questions in the logs, individual
presentations that I have to get to.

So let me do the fifth thing real quick.

If you have your fib and you draw it from
a low to a high, this low to this high,

we can get these other lines out of here

for the answer.

If you've been around for a while, you
don't need to hang around for this.

I'm doing this, given the fit levels.

The, uh, I can see the questions,
but I may not have seen your

questions as you sent them.

There is no website staff outside of me.

I'm a one, I'm a one man army.

So all the questions that come in email
come to me and I have a cousin that helps.

Filter some of the questions
that are related to analysis.

If it's trade ideas or confirmations,
I don't even see them, but she sends me

all the other ones that are questions
about, uh, the service or, or that none

of your billing information is exposed.

So if you ever thinking that I don't
have any access to that, the only

thing I ever see is email addresses.

All right.

So.

I'm not going to answer that.

You want to wait around
and figure that one out.

All right.

So you want to click on
Fibonacci properties?

Um, and the way I did that is
once you put the fable one, okay.

You highlight it.

Okay.

And wherever you can get to centered.

Or one of the dots here on the
upper or lower level, and you're

going to right click on your mouse.

You're going to click on
Phibbah properties and I'm

going to just scroll through.

And all you do is just tap in the
area and you type in the settings.

You see that I have online.

Okay.

It's just simply just
duplicating what you see online.

So the first one is the zero level.

Then it's 0.5 and then you type in
equilibrium, make sure you spell it right.

Your peer or let you know, and
then you have the 62% level.

Then you have the 100 level

and then 1 27 extension.

Yeah, the, the box doesn't expand Tina.

I'm sorry.

I was, I was actually trying to do it
once before trying to teach it to someone

else, but it doesn't, this is all you get.

It's the for limitation, not me.

And then you got 1.62, you
have the advanced version.

I don't have that one.

And as you write in their profit
objective two, and I'll teach you all

that stuff when to use, when to look
for certain ones and believe me, you

will have a ton of information coming
at you, but I can't do everything.

In one setting.

And then you have the level two,
which is a 200%, uh, extension.

And you write that as
swing projection objective.

It's a, basically a metric move.

In other words, what that is, and
then you have 0.705, which is the

optimal trade entry sweet spot.

Then you have 0.79, which is a
79 saturation level, which is the

last threshold of optimal trading.

Okay.

And then you just click.

Okay.

And then your chart will look like this,
and then you'll learn all the secrets are

using the Fibonacci for profit taking.

That's really all I use Fibonacci for.

Um, I initially I used Fibonacci
for entries and all that stuff.

You don't ever see a
Fibonacci on my chart.

Yeah.

When we talk about entries and
stuff, it's, it's not there.

It's not there, but I do believe that
Fibonacci helps with my determination of

exits and that's the part of my trading.

I'm still refining.

Uh, cause I just don't
have satisfaction in that.

I want to be able to refine it better.

So.

That's it munchkins.

I'm going to leave you here with
that hope you had a very pleasant

afternoon and day with me.

Um, if you'd learn something,
obviously let me know on Twitter.

I greatly appreciate the feedback.

And if you didn't stick
around, you'll learn some more.

We have a lot of stuff to cover
between now and 50 weeks from now.

We have 50 weeks left.

Okay.

You're so much content that's coming.

You got two more teachings this weekend
and you got two more teachings next week.

And, uh, next week, uh, you also,
uh, next Friday you'll have the,

uh, the resource I promised it
would be given every single month.

So, um, yeah, that's about it.

I need to get something to eat.

I'm starving and I need a nap, so I will
catch you guys on probably tomorrow.

Which is, which is my tonight, uh,
tonight around, uh, one o'clock in

the morning, I'll send you a tweet.

I probably won't be doing anything in
London tomorrow, simply because I want

to try to get some rest and get caught up
because I've been burning on both ends.

And, but we'll be able to be live
tomorrow in the New York session.

So I think that's fair.

Um, that's it, anything happens
in between now and then I'm awake.

I will send you via Twitter.

And again, greatly appreciate
your, uh, your trust in me.

And I'm loving the fact that I'm
able to share this with you guys.

So take it easy.

I will catch you on the flip side.