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Thank you.
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All right, folks.
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Welcome back.
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Welcome back.
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All right, today, we're gonna talk about,
uh, more, it's gonna be the introduction
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into working with small accounts.
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Um, some of you that have been trading for
a while probably don't have that problem.
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You probably have a little bit
more money than, uh, some that
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just start out in this industry.
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But because my aim is for the first
three months to kind of like target
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folks that have just now entered into
the foreign exchange market or have
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struggled and never really seen their
money grow, uh, their chances are they're
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going to have a very small account.
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In fact, if you don't really know
what you're doing trading wise, it's
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actually better for you to start out.
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Initially, even after you'd done work
in a demo account, six to 12 months
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in length, the best thing that you can
do is go with a very small shoestring.
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Uh, because the, the shock of
having financial attachment to the
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trays are going to be something
for you to get, get used to.
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Um, like I did with my first teaching
series back in 2010, whatever new and or
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aspiring for extra wants to now, um, I
kind of like brought to light, at least
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in my attempts to draw more attention to
the fact that there's so much opportunity
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doing very little in this industry, that
folks get caught up in the Lamborghini,
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the mansion's the high lifestyle,
you know, the, the baller mentality.
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Um, and honestly, there's very few
people that actually live like that.
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Not through trading.
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Okay.
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Let's, let's say it that way.
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Uh, most do it through things like
what I'm doing now, obviously.
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So a paid mentorship because it's very
lucrative to do something like this, but
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to be able to make money and generate
it and compound it, that's something
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that very few traders actually can do.
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One of two things happens.
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One, they quickly realized
they don't know how to.
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And they self-destruct, or, uh,
they do have a modest ability
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to, uh, to turn a profit.
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But what happens is they see
the money and you get greedy.
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Now, if you've paid attention, the
first month of assessment of this
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mentorship was specifically aimed
at removing your fear of missing
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opportunities, almost on a daily basis.
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With the exception of two, two
occasions, we saw everything that we
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outlined in terms of probable movement
come to fruition, almost to the PIP.
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There was a couple of times
it robbed me by one favored.
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They'd get right to my targets,
but nonetheless there's
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opportunities every single day.
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Now it's not my, again, it's not
my aim to instill that desire
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to trade every single day.
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But as he developing trader, you should
be doing something in the marketplace
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and your demo account to build up
your experience, build up your.
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Well, your skillset, and it's not
important that you see positive results
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because you don't learn more from the
negative things because it'll draw a,
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highlight a spotlight to where your
weaknesses are, and you want to figure
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out what those are when you're outside
the scope of risking life funds,
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because all that's going to do is
compound and exasperate the problems.
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Okay.
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And what you'll do is you'll go
into denial trading with live funds,
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forces, the trader, whether they're
male or female and more so with the
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men, um, you'll put a bandaid, okay.
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Or blinders on a gaping wound and
your problem of not being consistent
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or not even know how to trade.
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So this entire month is going to be
aimed at number one, building the
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idea of starting with a small camp.
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And in the second half of the
month, we'll be working with,
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uh, aiming for 10% per month.
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So I'm actually going to give you the
foundations to how to double your.
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Every single year with the methods that
I'm going to teach throughout this week.
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So every day we meet this week,
there's gonna be five sessions.
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And it's only aimed at building a trading
model that aims at 6% per month now.
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And there's some of you, you're
probably saying, well, wait a minute,
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I'm paying good money for this.
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Now I'm not really interested in 6%.
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I already know what you're thinking.
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Okay.
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Trust me, just roll with
me for the first week.
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Okay.
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The second week of the month, we'll
get a little bit more, uh, higher up in
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terms of potential returns per month.
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But by the end of this month,
you will have everything.
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You need to go into the
marketplace realistically and
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have all of the potential to
consistently draw out 6% per month.
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Now, again, for some of your
new, it doesn't sound like much.
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It does sound like I'm getting,
I'm going to get rich real quick.
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And that's exactly what you
need to be thinking right now.
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You need to be thinking I'm not
going to get rich real quick.
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Okay.
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I need to be consistent.
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You start with bread
and butter consistency.
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Nobody, nobody out there goes
from neophyte to super ultra
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rich George Soros, Warren buffet.
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You know, it doesn't happen.
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That does not happen.
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There's a lot of growing.
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There's a lot of learning.
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There's a lot of losses between where
you start and where you end up at.
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So I want you to think about all the
opportunities we saw for the first month.
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Okay.
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And they're all very short
term trading opportunities.
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Very, very short-term intra-day you
don't need a whole lot of trades.
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You only need really
one of those per week.
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One just one.
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Now I'm going to give you an example here.
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Okay.
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And, uh, obviously some of you
probably have a lot more money
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than this, and I'm not trying to.
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Make light of anybody else either.
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But the, the average, in my opinion,
I think if someone's going to start
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out after they had done the work
with the mentorship, I think they
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should test the waters with an
account about a thousand dollars.
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So at the end of 12 months then, and only
then in my opinion, I think if you've
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gone through everything we teach, then
you would consider, I'm not telling you
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to do it, but you would consider doing
what you've learned in a demo account.
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If you've been consistent and
you've adopted a mindset that you
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continuously do the same thing over
and over and over again, and it's
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given you a positive result, it doesn't
mean you're going to be perfect and
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your trades are not taking losses.
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It just means that you gotta be
consistently profitable on the net.
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Well, 6%, if you start with a
thousand dollars, we're gonna
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say the first week to make the
compound is 6% return for the month.
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It's actually a little over 6%, but,
um, you only need the first week here.
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You only need to make 1500.
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Now, it doesn't sound exciting.
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It doesn't get, y'all
worked up in a froth.
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It doesn't get you thinking.
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Well, I'm going to quit my job.
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Okay.
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Cause some of you have that mindset that
you're going to replace your job or the
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necessity for a job in six months of
this mentorship, that's not realistic.
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Okay.
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So having this mindset going in as a
new trader or someone that has not been
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consistently profitable, $15 return on one
week does not get anyone terribly excited.
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It's one and a half percent return.
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So one and a half percent return.
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If you do that for four weeks,
it's a little bit over 6% a month.
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At the end of the month, you're only going
to have 1060 $1 and 36 cents or roughly
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within earshot of those pennies over here.
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Talking about that again, that does
not get anybody terribly excited, but
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I can tell you this, if you can do this
percent return, just eight months out of
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a year, six months out of a year, Okay.
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You need to stop and think for a moment.
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Think outside your current conditions.
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Okay.
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Or your current limitations, because
really they're there, you're only limited
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by your perspective right now, you're,
you're actually in a prison in your mind,
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thinking that you have to break out right
now and you've got to get out of your job.
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When in fact you need to stay in your
job right now and you need to stay
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because that's guaranteed income.
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When I first started, okay, I had a job.
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I did not quit my job
until I had 830, $2,000.
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Then I didn't work all the while.
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While I was making money.
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I did not think about leaving my job.
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My goal was quitting work at 40
years old, I was in the beginnings
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of my twenties thinking this.
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So if you, if you were able
to sit down with every.
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Extremely profitable trader
well-balanced and their psychology, a
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well-balanced and their risk management.
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Okay.
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And their expectations.
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They all have a secondary
source of income.
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Because if you try to start with this
industry as your sole income, number
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one, you're going to force yourself
to do things you shouldn't be doing.
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You're going to trade more often than you
should, because the necessity of making
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money is going to supersede the process of
trading in a balanced and objective way.
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Too many times, I've spoken to folks
to have really, they know how to trade.
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They absolutely know how to trade, but
the psychological aspects of having
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to make money, forces them to do
things that they shouldn't be doing.
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So if you have a job right now, and I
know you probably want to get out of it
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right now, and that's understandable, I
went, I couldn't wait to get to my job.
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I was, I was dying to get it, but
even though it was consistently
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making money early on, Okay.
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All by luck.
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But nonetheless, I was not in a hurry
to leave my job because I knew that this
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money was coming in every single week,
whether I was making a trade or not.
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So if you are contemplating
replacing your job, you have to
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do that in a graduated scale.
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Don't think that you can't be completely
financially independent within 24 months
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after this mentorship, because I'm telling
you if you do the things I'm telling you
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to do and just relax and allow the 6%
thing here, I'm telling you, there are
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so many people out there with tons of
money that are ignorant with their money.
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You have no idea what to do with it.
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If you approach them with the means of
being able to do this just half of a
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year, 6% compound that just on six months.
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You don't need to trade during the
holiday months, the dog days of the
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summer, you don't need to do anything
like that and trade their money.
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Other people's mind, you're gonna
manage other people's money.
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Okay.
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You, maybe you don't want to do that,
but I'm just giving you a horizons
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that are a little bit broader than
you're probably thinking right now,
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because if you have just a very small
shoestring budget, but you learn how to
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trade, people will throw money at you.
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They're going to throw money at your feet
and say, please do something with this.
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They're going to beg you.
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And there'll be offended if you
say no, because they know that
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you know what to do with it.
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So if you take these insights and
apply them to consistently small
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trades of taking a small risk, but
compounding that small risk, okay.
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And to profitability over the course
of a year, if you show somebody over
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35, 40% return in a year, believe
me, they are your best friend.
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And you're gonna tell everybody about
you and they're gonna, you're gonna draw
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them up more business than you can have.
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If you take on other people's funds
and if you can do this and I'm not
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trying to talk into it, but I'm just
giving it a different perspective
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because it's an easy way to fund your
own trading with a great deal of money.
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Once you understand what you're
doing, it's easy to get a hundred
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thousand dollars dropped in your lap.
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Okay.
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It's very easy to get management fees.
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Okay.
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That will put you over $250,000 in a year
and you don't have to do much to do that.
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So don't think that this mentorship and
this specific teaching today, or even
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this entire teaching for the entire week,
doesn't fit you because I'm telling you,
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if you think about the things I'm going to
share with you, it broadens your horizons
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and you don't have to be a fund manager.
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You don't have to manage
other people's money.
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Okay.
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But it's an avenue for you
if you don't make much money.
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Okay.
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So you're a single mom saying, say,
you're a single father and you only
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have one income and you're just
struggling to get out of where you're at.
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Use these concepts.
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Okay.
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And in the abilities of marketing
yourself later on as a fund manager,
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which you'll learn in the later
parts of this mentorship, that will
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give you an unlimited amount of
funds that will be attracted to you.
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Because once you put yourself out
there, believe me, people will come
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to you and it's going to be up to
you how much money you take on, but
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you don't need a lot of money of
other people's funds to do very well.
228
00:12:18,105 --> 00:12:20,415
Once you fund yourself, you can
make, you can go into a limited
229
00:12:20,415 --> 00:12:23,235
partnership, say, look, I'm only
gonna do this for 36 months.
230
00:12:23,505 --> 00:12:23,805
Okay.
231
00:12:23,805 --> 00:12:26,745
And you know, it is, this is our
agreement, and I'll give you all those
232
00:12:26,745 --> 00:12:31,755
details later on in the mentorship, but
it'll allow you to fund yourself, see
233
00:12:31,755 --> 00:12:34,275
someone you can't just easily go out
there and say, okay, well, I'm going to
234
00:12:34,485 --> 00:12:37,245
plunk down a hundred thousand dollars
and I'm going to start trading this
235
00:12:37,245 --> 00:12:39,105
personally for you to quit your job.
236
00:12:39,915 --> 00:12:45,225
I personally believe that you need two
and a half years of living expenses, plus
237
00:12:45,315 --> 00:12:47,295
a hundred thousand dollars to trade with.
238
00:12:48,255 --> 00:12:52,140
If you can't do that, You should
not be trading for a living.
239
00:12:52,740 --> 00:12:56,010
And it's as simple as that, because you
got two and a half years of cushion.
240
00:12:56,190 --> 00:12:58,680
You're not going to be impulsive
about getting in the marketplace
241
00:12:58,680 --> 00:13:02,460
to trade because you have two
and a half years of cushion.
242
00:13:03,120 --> 00:13:05,520
You're going to have periods where
the one or two months of the year,
243
00:13:05,700 --> 00:13:06,690
you're going to have a draw down.
244
00:13:06,840 --> 00:13:07,860
You're not going to do very well.
245
00:13:07,860 --> 00:13:12,750
It's realistic to think that way you need
to plan ahead for that, but don't negate
246
00:13:12,990 --> 00:13:17,910
the value of starting small as a new
trader, looking at 6% compound return,
247
00:13:17,910 --> 00:13:22,530
because I guarantee you, you ask anybody,
you know, have come in contact with them.
248
00:13:22,530 --> 00:13:26,190
This, this entire week, the people
you work with your family members,
249
00:13:26,460 --> 00:13:28,650
you don't have to go into detail about
what you're talking about in terms of
250
00:13:28,740 --> 00:13:32,730
how you would get that 6%, but this
ask them, Hey, can you imagine if
251
00:13:32,730 --> 00:13:37,260
you got 6% on your money every single
month, what would that do for you?
252
00:13:37,830 --> 00:13:39,510
First of all, they'd be like,
well, that's, that's pretty good.
253
00:13:39,540 --> 00:13:40,350
That's better than a bank.
254
00:13:40,470 --> 00:13:41,430
What's way better than a bank.
255
00:13:42,090 --> 00:13:45,570
But then if you tell them, look, Hey, you
know, if I, if I took a thousand dollars
256
00:13:45,570 --> 00:13:49,020
a year money and I gave you $61 at the
end of the month, would you be excited?
257
00:13:50,145 --> 00:13:51,795
They'd be like, oh, no
way, man, get outta here.
258
00:13:51,854 --> 00:13:53,265
I'm going to give you a
thousand dollars for that.
259
00:13:53,865 --> 00:13:56,535
But the problem with that thinking
is, and this is the reason why
260
00:13:56,564 --> 00:14:00,045
everybody else in the, at least in
the us and majority of around the
261
00:14:00,045 --> 00:14:02,925
world, this is millionaire making.
262
00:14:02,925 --> 00:14:06,074
This is a fluent lifestyle
creation at its core.
263
00:14:06,525 --> 00:14:10,875
It's the absolute thing that everybody
wants to know, but they won't listen
264
00:14:10,875 --> 00:14:12,104
to it when it's being taught to them.
265
00:14:12,915 --> 00:14:17,204
Because $61 over the course of
four weeks, it's not exciting.
266
00:14:17,204 --> 00:14:20,385
It doesn't, it doesn't equate
to, I'm going to get rich.
267
00:14:20,415 --> 00:14:25,334
It doesn't equate to I'm going to replace
my job, but that same amount of money
268
00:14:25,724 --> 00:14:30,435
started and compound that over the
course of one year becomes over $2,000.
269
00:14:31,395 --> 00:14:34,905
Now you tell someone say, Hey,
look, if you give me a thousand
270
00:14:34,905 --> 00:14:36,704
dollars, I'll double it in a year.
271
00:14:37,334 --> 00:14:40,665
Suddenly, suddenly their
perspectives change.
272
00:14:40,694 --> 00:14:43,995
But it's the same thing
nothing's changed except for the
273
00:14:43,995 --> 00:14:45,135
delivery and the information.
274
00:14:45,704 --> 00:14:47,805
And it comes by way of ignorance,
especially in the school.
275
00:14:48,960 --> 00:14:53,970
Our, our education system promotes
this idea of slave mentality.
276
00:14:53,970 --> 00:14:55,800
Get a good job and work for the man.
277
00:14:56,490 --> 00:14:57,690
And I can't stand it.
278
00:14:57,990 --> 00:14:58,890
I cannot stand that.
279
00:14:58,890 --> 00:15:00,780
I wish that there was a way.
280
00:15:00,780 --> 00:15:01,470
And here's the thing.
281
00:15:01,560 --> 00:15:04,710
Even if you learn this and you want to try
to do cause bleeding, I tried to do this.
282
00:15:04,950 --> 00:15:08,220
I've tried to work my way into
local schools to do like an
283
00:15:08,220 --> 00:15:10,680
assembly, to teach children, okay.
284
00:15:10,950 --> 00:15:12,180
Coming into the ninth grade.
285
00:15:12,180 --> 00:15:15,480
If I'm going to learn these skills
and an ideas about money in the ninth
286
00:15:15,480 --> 00:15:19,260
grade, I would completely be on a
totally different level financially.
287
00:15:19,260 --> 00:15:21,570
I'd be well, well ahead
of where I'm at now.
288
00:15:22,290 --> 00:15:25,440
My children are learning these things
and you need to teach your kids this
289
00:15:25,440 --> 00:15:29,880
stuff too, not just trading, but you
need to understand that managing money.
290
00:15:30,270 --> 00:15:30,630
Okay.
291
00:15:30,630 --> 00:15:31,380
It's a tool.
292
00:15:31,410 --> 00:15:34,890
It's a resource, but we're
taught to be a slave to it.
293
00:15:35,130 --> 00:15:36,960
It's a, it's a task master to us.
294
00:15:37,200 --> 00:15:38,370
We go to work for what.
295
00:15:39,570 --> 00:15:41,430
Well, I don't work for money.
296
00:15:41,790 --> 00:15:46,380
I put money to work and by having
this mindset that same over
297
00:15:46,740 --> 00:15:48,750
look at the numbers, it's the
same thing you see over here.
298
00:15:49,260 --> 00:15:50,250
Nothing's changed.
299
00:15:50,670 --> 00:15:54,030
It's the same dynamic, but this
is just on a monthly basis.
300
00:15:54,030 --> 00:15:55,830
You start with a thousand
dollars in the first month.
301
00:15:55,830 --> 00:15:56,580
It's 60 bucks.
302
00:15:57,150 --> 00:15:59,670
Then it's two months,
it's 111 hundred $23.
303
00:15:59,910 --> 00:16:03,450
It's not exciting, but over the
course of a year, you're doubling it.
304
00:16:03,990 --> 00:16:06,030
So now you say to these investors, okay.
305
00:16:06,030 --> 00:16:07,170
Say, look, I have a track record.
306
00:16:07,920 --> 00:16:08,190
Okay.
307
00:16:08,190 --> 00:16:12,420
For 24 months, I think consistently
doing minimum 6% return.
308
00:16:13,050 --> 00:16:17,820
At least the majority of the year,
I guarantee you, you're going
309
00:16:17,820 --> 00:16:21,000
to have hundreds of thousands
of dollars laid at your feet.
310
00:16:21,030 --> 00:16:24,750
If you can show a consistent track
record, not just, you know, here,
311
00:16:24,780 --> 00:16:26,040
here's the, here's a demo account.
312
00:16:26,550 --> 00:16:27,660
That's not what they want to see.
313
00:16:28,140 --> 00:16:31,290
They want to see that you can
obviously manage it with live funds.
314
00:16:31,350 --> 00:16:31,710
Okay.
315
00:16:31,710 --> 00:16:33,900
And you will work your
way into larger funds.
316
00:16:35,390 --> 00:16:37,580
Easily to get a million dollars
into your hands doing that.
317
00:16:37,700 --> 00:16:41,540
And believe me, you give somebody a
a hundred thousand dollars account
318
00:16:41,570 --> 00:16:42,800
and you double it in a year.
319
00:16:43,910 --> 00:16:44,990
They're going to talk about you.
320
00:16:45,530 --> 00:16:47,240
And they're going to say,
Hey look, you know, I got
321
00:16:47,240 --> 00:16:48,350
somebody else I was talking to.
322
00:16:48,380 --> 00:16:52,310
And they weren't because think
about how you feel when you first
323
00:16:52,310 --> 00:16:53,300
started learning these things.
324
00:16:53,810 --> 00:16:55,310
And then you start
seeing it in your charts.
325
00:16:55,760 --> 00:16:58,400
If you went to see my free tutorials,
you've watched some of these
326
00:16:58,400 --> 00:17:00,950
things occur in your chart and
you can't believe how it worked.
327
00:17:01,490 --> 00:17:04,640
And you start telling your friends, you're
telling your spouse, you get excited.
328
00:17:04,670 --> 00:17:05,960
Well, that same thing's going to happen.
329
00:17:05,960 --> 00:17:07,880
When you talk to someone else about what?
330
00:17:08,390 --> 00:17:11,420
Well, when they talk about what you've
done with their money, they're going
331
00:17:11,420 --> 00:17:12,430
to feel like they did it themselves.
332
00:17:12,470 --> 00:17:13,280
They're going to brag about it.
333
00:17:13,640 --> 00:17:14,510
That's what people do.
334
00:17:15,020 --> 00:17:16,700
And it's going to be word
of mouth advertisement.
335
00:17:16,700 --> 00:17:18,380
And you're going to have so
many opportunities for people
336
00:17:18,380 --> 00:17:19,430
to throw their money at you.
337
00:17:20,030 --> 00:17:23,210
It's up to you how much you
manage, but you can use that as
338
00:17:23,210 --> 00:17:26,630
a means of funding your yourself
and put yourself in business.
339
00:17:26,930 --> 00:17:28,820
And then you don't have to
manage anybody else's money.
340
00:17:30,110 --> 00:17:30,980
That's what I did.
341
00:17:31,820 --> 00:17:32,570
I started.
342
00:17:33,659 --> 00:17:35,159
I had immediate success.
343
00:17:35,460 --> 00:17:36,780
Then I realized I couldn't trade.
344
00:17:36,899 --> 00:17:38,129
I had to learn how to trade.
345
00:17:38,550 --> 00:17:42,210
And then when I got relatively
decent at trading, I dabbled
346
00:17:42,210 --> 00:17:43,020
in other people's money.
347
00:17:43,110 --> 00:17:47,370
And then I got into a very fortunate
situation where I traded a large
348
00:17:47,370 --> 00:17:51,720
conglomerates money in Baltimore and
long and short of it is that patted
349
00:17:51,720 --> 00:17:58,260
me out considerably a lot because
they were they're a Greek family and
350
00:17:58,290 --> 00:18:00,929
they were afraid that if they didn't
pay me well, I would stop doing it.
351
00:18:01,679 --> 00:18:06,419
So everything I asked for in terms of
the terms they want over that, now,
352
00:18:06,480 --> 00:18:10,230
maybe that's a very fortunate and far
and few between type of opportunity.
353
00:18:10,440 --> 00:18:15,000
And maybe that won't be for you, but I can
tell you from personal experience when you
354
00:18:15,000 --> 00:18:19,379
do well for somebody, they're absolutely
going to talk about what you did for them.
355
00:18:20,100 --> 00:18:22,649
And they're going to put this
opportunity right in your lap.
356
00:18:23,429 --> 00:18:28,230
And when you have this, it's
easy to generate money, very
357
00:18:28,230 --> 00:18:29,760
easy, but here's the thing.
358
00:18:31,170 --> 00:18:34,350
You have to have the mindset and
understand the appreciation of
359
00:18:34,350 --> 00:18:37,470
this, something, little, something
so simple as this over here.
360
00:18:38,430 --> 00:18:40,110
That's what everybody wants.
361
00:18:40,800 --> 00:18:42,150
Everybody wants out of their job.
362
00:18:42,390 --> 00:18:43,170
I don't care what they are.
363
00:18:43,170 --> 00:18:44,610
Doctors, lawyers, all that stuff.
364
00:18:44,910 --> 00:18:47,280
They're doing these things to
make a lot of money because they
365
00:18:47,280 --> 00:18:48,870
want to live well in retirement.
366
00:18:49,980 --> 00:18:53,550
I want to live well now I want to do it
right now because there's no guarantee
367
00:18:53,550 --> 00:18:54,830
I'm going to be old and healthy.
368
00:18:54,880 --> 00:18:56,070
Not to enjoy money later on.
369
00:18:56,070 --> 00:18:59,640
If I have it in a 401k, that's
just the worst perspective
370
00:18:59,640 --> 00:19:00,720
on life there ever could be.
371
00:19:01,380 --> 00:19:05,520
You need to have your, your
mindset now that you can easily
372
00:19:05,520 --> 00:19:07,770
very quickly in 10 years time.
373
00:19:08,070 --> 00:19:11,670
If you take these numbers, okay, if
you pull out a calculator, you have a
374
00:19:11,670 --> 00:19:14,580
smartphone, pull out your calculator,
put a thousand dollars in there.
375
00:19:15,030 --> 00:19:15,300
Okay.
376
00:19:15,300 --> 00:19:22,200
And then multiply by 1.06 and hit
11 hit that equal sign 12 times.
377
00:19:22,560 --> 00:19:23,940
And you'll arrive at
this number down here.
378
00:19:25,830 --> 00:19:28,470
And continuously do that
until you arrive at 10 years.
379
00:19:28,500 --> 00:19:32,460
Now, obviously we're not talking about
taxation and the effects of that, but
380
00:19:32,460 --> 00:19:34,380
it's over a million dollars in 10 years.
381
00:19:34,380 --> 00:19:35,460
My question to you is this.
382
00:19:36,120 --> 00:19:41,460
If you're not going to think about money
like this, okay, where else are you going
383
00:19:41,460 --> 00:19:44,610
to get a million dollars in 10 years
off of a thousand dollars investment?
384
00:19:45,930 --> 00:19:47,100
It's just not going to happen for you.
385
00:19:47,100 --> 00:19:50,490
It doesn't happen unless you're gonna
hit the lottery and lotteries, don't
386
00:19:50,520 --> 00:19:51,870
usually take 10 years to pay out.
387
00:19:51,900 --> 00:19:53,160
It's usually you win or you don't.
388
00:19:54,000 --> 00:19:59,130
So the idea of looking at the
marketplace, like this is an absolute
389
00:19:59,850 --> 00:20:05,190
bastion of free enterprise that is
untapped in terms of its limitlessness,
390
00:20:05,220 --> 00:20:07,080
it's crazy what you can do with it.
391
00:20:07,110 --> 00:20:11,310
But the problem is, is everyone wants to
start out with a hundred dollars, okay.
392
00:20:11,310 --> 00:20:13,800
And turn it into a $10,000
account in six weeks.
393
00:20:14,100 --> 00:20:15,180
And that can not happen.
394
00:20:15,180 --> 00:20:15,990
It doesn't happen.
395
00:20:15,990 --> 00:20:18,660
It will not happen for you as
well as I know how to trade.
396
00:20:18,660 --> 00:20:19,920
I still can't do that.
397
00:20:20,610 --> 00:20:23,820
So I'm telling you don't think
that way, if you think like
398
00:20:23,820 --> 00:20:24,920
this, just for the first.
399
00:20:25,949 --> 00:20:29,580
And you can just repeat that every
single month you end up at the end
400
00:20:29,580 --> 00:20:30,629
of the year, doubling your money.
401
00:20:33,149 --> 00:20:38,490
If you just worked your job and took
whatever, whatever money you saved, okay.
402
00:20:38,490 --> 00:20:41,909
Over the course of a year, take a
budget, budget yourself, say, look,
403
00:20:41,909 --> 00:20:43,679
you know, I have a paid TV every month.
404
00:20:44,129 --> 00:20:45,419
I'm going to focus on studying.
405
00:20:45,480 --> 00:20:46,679
I'm going to take the pay TV out.
406
00:20:46,949 --> 00:20:49,169
And I'm going to just focus on
taking that money and saving it.
407
00:20:49,679 --> 00:20:52,770
And if I save that money over the
course of a year, I will double what
408
00:20:52,770 --> 00:20:54,750
I would have spent in a utility bill.
409
00:20:54,959 --> 00:20:59,459
I'll double that in the course of a
year, if you start looking at life like
410
00:20:59,459 --> 00:21:04,649
that, you will quickly see how easy it
is to sell yourself to someone else when
411
00:21:04,649 --> 00:21:08,040
you knew how to trade, because you can
tell them, Hey, look, I don't need a
412
00:21:08,040 --> 00:21:10,919
lot of your money, but just consider it.
413
00:21:11,159 --> 00:21:15,419
And then once you show them what you can
do with your own funds, it's unbelievable
414
00:21:15,419 --> 00:21:17,699
how fast people start talking about you.
415
00:21:17,699 --> 00:21:21,240
They want to give you your money, give
you their money, and then you manage it.
416
00:21:21,689 --> 00:21:23,100
And then you get all kinds of things.
417
00:21:23,820 --> 00:21:26,220
You get 2% management fee and
you get a performance incentive.
418
00:21:26,610 --> 00:21:31,800
So once you get to that level of
understanding of how to trade, don't think
419
00:21:31,980 --> 00:21:35,970
that you're so far behind the eight ball
that you don't have the funds to trade
420
00:21:35,970 --> 00:21:38,790
to get yourself out of where you're at,
because that can all change in two years,
421
00:21:39,570 --> 00:21:44,460
24 months, it can absolutely change the
entire landscape of your entire existence.
422
00:21:44,460 --> 00:21:49,560
Everything changes because if you have
a hundred thousand dollars, if you do
423
00:21:49,560 --> 00:21:53,700
the same things, you're making a hundred
thousand dollars a year, do you make
424
00:21:53,700 --> 00:21:54,600
a hundred thousand dollars a year?
425
00:21:54,600 --> 00:21:58,020
Your job, some of you in my
voice, your shot could probably
426
00:21:58,020 --> 00:21:58,720
say, yeah, I'll do that.
427
00:21:58,800 --> 00:21:59,879
I'm not let me more than that.
428
00:22:00,210 --> 00:22:03,149
Some of you in here own businesses,
some of you have businesses.
429
00:22:03,240 --> 00:22:03,570
Okay.
430
00:22:03,570 --> 00:22:07,889
And you probably earn more than that,
but majority of you don't, you don't.
431
00:22:08,370 --> 00:22:12,690
So if you can get yourself in 24 months
from now, the ability to have someone
432
00:22:12,690 --> 00:22:18,899
else fund you, that level of initial
capital, who cares what you have right
433
00:22:18,899 --> 00:22:21,960
now to start with, it may be even less
than a thousand dollars right now.
434
00:22:22,830 --> 00:22:23,610
It's not important.
435
00:22:24,360 --> 00:22:27,300
All this, all it does is this, it makes
it a little bit longer for you to get
436
00:22:27,300 --> 00:22:33,990
to that end game, but don't change your,
your perspective on you need to have
437
00:22:33,990 --> 00:22:36,629
it right now because you don't because
take trading out of the equation.
438
00:22:36,629 --> 00:22:38,220
What would you do if you
didn't have, if you didn't have
439
00:22:38,220 --> 00:22:38,910
trading, what would you do?
440
00:22:39,960 --> 00:22:42,300
You go to work, you do the
same thing you're doing now.
441
00:22:42,899 --> 00:22:44,370
You would just be miserable with no hope.
442
00:22:45,480 --> 00:22:47,220
There's absolutely hope.
443
00:22:47,520 --> 00:22:47,850
Okay.
444
00:22:47,850 --> 00:22:50,550
There's so many things for you
to do, to do very well at this
445
00:22:50,550 --> 00:22:51,480
and you don't have to do a lot.
446
00:22:52,710 --> 00:22:54,210
So now what does it take to do this?
447
00:22:54,750 --> 00:22:57,660
You know, um, obviously I'm, I'm pitching
you like I'm on trying to sell you
448
00:22:57,660 --> 00:23:01,620
a timeshare here, but the, the idea
is important for you to understand
449
00:23:01,620 --> 00:23:06,210
that that low hanging fruit is the
easiest thing to get, and that's all
450
00:23:06,210 --> 00:23:09,060
you would need to sell yourself to
someone else to manage their funds.
451
00:23:09,060 --> 00:23:15,490
And you would be absolutely blown their
socks off to get one and a half percent.
452
00:23:16,060 --> 00:23:18,670
Think about what would be necessary
if you had a thousand dollar
453
00:23:18,670 --> 00:23:21,520
account and you'd make one and
a half percent return for them.
454
00:23:22,425 --> 00:23:25,485
What would, what would be some of
the parameters that will, uh, that
455
00:23:25,485 --> 00:23:27,254
would frame a return like that?
456
00:23:27,254 --> 00:23:31,544
What would you, what would you
require in terms of a trade idea
457
00:23:31,754 --> 00:23:32,835
to pay out one and a half percent?
458
00:23:37,215 --> 00:23:39,405
I guess I should probably open up this
little question tack because maybe
459
00:23:39,405 --> 00:23:42,645
some of you have some good feedback.
460
00:23:50,345 --> 00:23:50,615
Okay.
461
00:23:50,615 --> 00:23:53,345
So if you, if you ever, if you
have a thousand dollars, okay.
462
00:23:53,345 --> 00:23:58,595
It's your equity and you're aiming for one
and a half percent return for the week.
463
00:23:59,014 --> 00:23:59,495
Okay.
464
00:24:00,935 --> 00:24:04,325
So obviously if you're going to do
gearing of leverage one-to-one, in
465
00:24:04,325 --> 00:24:11,314
other words, you're going to risk
$15 to make $15 now, right away.
466
00:24:12,365 --> 00:24:13,175
Let's be realistic.
467
00:24:13,175 --> 00:24:14,885
Now you're a new trader.
468
00:24:15,455 --> 00:24:17,585
Now some of you probably aren't,
I'm speaking to those in here
469
00:24:17,585 --> 00:24:20,915
that are, you have one-to-one.
470
00:24:21,885 --> 00:24:22,665
Risk to reward.
471
00:24:22,695 --> 00:24:25,845
In other words, you're going to
put up $15 in a trade idea and
472
00:24:25,845 --> 00:24:30,555
attempts to hopefully make the $15
return that gearing is one-to-one.
473
00:24:30,945 --> 00:24:37,935
You have to be terribly accurate
to do that very consistently as it.
474
00:24:37,935 --> 00:24:42,405
Now, now as a new trader, my
question is this, do you, do you
475
00:24:42,405 --> 00:24:46,575
feel confident as a new trader that
you can consistently find a trade
476
00:24:47,325 --> 00:24:52,035
risking one one-to-one every single
week to make that one and half percent
477
00:24:58,365 --> 00:24:59,925
only two peoples answered so far.
478
00:25:00,255 --> 00:25:00,555
Okay.
479
00:25:00,555 --> 00:25:00,825
Okay.
480
00:25:00,825 --> 00:25:04,305
Now everybody's hearing me now
and that's, and I'm in a lot
481
00:25:04,305 --> 00:25:05,685
of notes and I appreciate that.
482
00:25:07,425 --> 00:25:12,465
The idea is you need to figure out
obviously what you're aiming for.
483
00:25:12,465 --> 00:25:15,195
If you don't have, you don't have a
target, you're going to hit it every time.
484
00:25:16,275 --> 00:25:17,145
If you aim at nothing.
485
00:25:17,865 --> 00:25:18,555
Guaranteed.
486
00:25:18,555 --> 00:25:22,095
You're hitting that target every
single time, because it's easy to do
487
00:25:22,095 --> 00:25:25,545
that, but you have to know what it
is specifically you're looking for.
488
00:25:25,815 --> 00:25:27,465
So I'm going to give you some, some ideas.
489
00:25:27,465 --> 00:25:27,825
Okay.
490
00:25:28,395 --> 00:25:31,715
Uh, if you wanna make one and a half
percent, there's a couple different ways.
491
00:25:31,905 --> 00:25:33,915
There's a lot of different ways, but
there's a couple that come to mind.
492
00:25:35,415 --> 00:25:44,895
You can do a 30 PIP objective
for a trade with a 15 PIP stop.
493
00:25:45,945 --> 00:25:48,435
That's two to one reward the risk.
494
00:25:48,705 --> 00:25:50,895
So you're going to risk two.
495
00:25:51,495 --> 00:25:53,025
I'm sorry, you got to
risk one to make two.
496
00:25:53,835 --> 00:25:55,245
So in other words, the
situation would be this.
497
00:25:55,635 --> 00:26:00,615
If you can find a trade that pays
out 30 pips and frame the trade,
498
00:26:00,615 --> 00:26:06,630
where it allows you to risk a stop
of 15 pips, you can trade with 15 50
499
00:26:06,630 --> 00:26:09,855
cents five, zero 50 cents per PIP.
500
00:26:10,935 --> 00:26:12,435
And get that on a two to one.
501
00:26:13,515 --> 00:26:14,325
Do you understand what I mean by.
502
00:26:21,844 --> 00:26:22,054
Okay.
503
00:26:22,054 --> 00:26:22,324
Good.
504
00:26:24,004 --> 00:26:29,254
What if, what if you
can't be in the charts?
505
00:26:30,245 --> 00:26:34,024
So he can't be in the charts and you can't
be watching five minute, 15 minute charts.
506
00:26:34,655 --> 00:26:43,074
What if you were forced to look at an
hourly chart like we have here, could
507
00:26:43,074 --> 00:26:44,905
this same principle be used here?
508
00:26:51,415 --> 00:26:52,014
I got one.
509
00:26:52,014 --> 00:26:54,895
No, I'm not going to say your
name, but you know who you are.
510
00:26:55,254 --> 00:26:56,304
Why would you say that?
511
00:26:56,364 --> 00:26:58,524
Why would you say no that you
couldn't be done on an hourly chart?
512
00:27:09,930 --> 00:27:11,100
Entry is not difficult.
513
00:27:11,460 --> 00:27:14,730
It's the same techniques and concepts
to supply to a different timeframe.
514
00:27:15,270 --> 00:27:17,610
And I gave you trust me, I'm not
just gonna talk about when actually
515
00:27:17,610 --> 00:27:18,930
show you some, some examples here.
516
00:27:20,610 --> 00:27:26,220
So now, if we were looking at an
hourly chart now, again, this can
517
00:27:26,220 --> 00:27:27,840
be applied to five minute charts.
518
00:27:27,840 --> 00:27:31,860
If you want to be day trading
intraday sessions, you can apply
519
00:27:31,860 --> 00:27:36,750
this to day trading where a
15 minute chart is applicable.
520
00:27:36,960 --> 00:27:38,100
One-hour charts applicable.
521
00:27:38,639 --> 00:27:42,180
Um, you can do it as a one shot, one kill
setups where you're using a four-hour
522
00:27:42,180 --> 00:27:43,889
chart and trading the weekly range.
523
00:27:44,639 --> 00:27:47,909
And you can do short-term trading
to swing trading on a daily chart.
524
00:27:48,090 --> 00:27:48,450
Okay.
525
00:27:48,990 --> 00:27:53,190
Um, what would Nick, what would
be wrong with looking for a
526
00:27:53,190 --> 00:27:59,220
trade that potentially pays out a
hundred pips on a four-hour chart?
527
00:28:00,510 --> 00:28:03,720
With a stop of 25 pips,
528
00:28:08,110 --> 00:28:11,020
could you, could you frame the idea
of making one and a half percent on
529
00:28:11,020 --> 00:28:16,000
a trade idea like that aiming for
a hundred pips and risking 25 pips,
530
00:28:19,110 --> 00:28:21,090
and that's exactly what
everybody would be looking for.
531
00:28:21,450 --> 00:28:25,140
You know, you're getting 41
gearing on your, on your trades.
532
00:28:27,150 --> 00:28:30,360
If you were looking at a daily
chart, what would be wrong with
533
00:28:30,360 --> 00:28:37,290
taking on a trade that paid out 400
pips, but risking a hundred pips.
534
00:28:42,630 --> 00:28:44,040
It's the same gearing, right?
535
00:28:44,820 --> 00:28:47,220
You're hoping to make four to one wrist.
536
00:28:49,330 --> 00:28:51,250
So now let's, let's go back for a second.
537
00:28:51,670 --> 00:28:52,090
Okay.
538
00:28:53,470 --> 00:28:56,110
If we were thinking about
framing our trade and our
539
00:28:56,110 --> 00:28:58,030
approach, our business model is.
540
00:28:59,190 --> 00:29:02,970
Cause here's here's, here's the
camps that exist in the, uh, the
541
00:29:02,970 --> 00:29:04,260
thought processes behind trading.
542
00:29:04,649 --> 00:29:06,570
There are folks out there that
don't know what they're doing.
543
00:29:06,690 --> 00:29:07,500
They don't make money.
544
00:29:07,649 --> 00:29:08,070
Okay.
545
00:29:08,460 --> 00:29:09,720
They are all pretending they're online.
546
00:29:09,720 --> 00:29:10,800
And they have this online persona.
547
00:29:10,830 --> 00:29:13,350
They, they, they think they know
something and because they know nothing,
548
00:29:13,350 --> 00:29:15,600
they get online and pretend it makes
them feel better about themselves.
549
00:29:16,889 --> 00:29:21,570
What they tell you is you
should not have weekly goals.
550
00:29:22,230 --> 00:29:26,340
You should not have weekly
percentage return goals.
551
00:29:26,490 --> 00:29:28,920
You should not have dollar goals.
552
00:29:29,639 --> 00:29:32,850
And I'm going to tell you what
business out there doesn't have
553
00:29:33,180 --> 00:29:38,670
forecasts and goals in what they hope
to make every business out there.
554
00:29:39,240 --> 00:29:42,930
Every single business out
there has sales projections.
555
00:29:42,960 --> 00:29:43,889
Am I right or wrong?
556
00:29:49,750 --> 00:29:53,590
So when you listen to someone,
okay, after this, after this
557
00:29:53,590 --> 00:29:57,700
teaching today, if you ever hear
anyone tell you, you should know.
558
00:29:58,514 --> 00:30:04,335
Look for making certain amount of pips
per week, because I caught a lot of flack
559
00:30:04,335 --> 00:30:09,165
from people over in baby pips back in
2010, these same goobers are still over
560
00:30:09,165 --> 00:30:10,514
there and they still can't trade them.
561
00:30:10,514 --> 00:30:11,985
What their cells have a wet paper bag.
562
00:30:12,705 --> 00:30:18,375
The idea of knowing what to
look for gives you that ability.
563
00:30:19,875 --> 00:30:23,445
If you understand what the
market's telling you at any given
564
00:30:23,445 --> 00:30:28,545
timeframe, you'll know exactly
what it is that's available to you.
565
00:30:29,504 --> 00:30:31,875
For instance, we're gonna look at it.
566
00:30:31,965 --> 00:30:33,165
We're gonna look at an hourly chart.
567
00:30:33,285 --> 00:30:33,675
Okay.
568
00:30:34,125 --> 00:30:35,535
Now that's, I'm sure to be honest.
569
00:30:35,535 --> 00:30:35,895
Okay.
570
00:30:36,075 --> 00:30:39,615
And you tell me if this is not
what we have already talked about
571
00:30:39,615 --> 00:30:41,085
just in the first month already.
572
00:30:41,295 --> 00:30:43,605
And if you've been through my free
tutorials, you'll see a lot of this stuff.
573
00:30:44,685 --> 00:30:45,045
Okay.
574
00:30:45,495 --> 00:30:51,764
So if we look at price and we see price,
make a willingness to move away here.
575
00:30:52,575 --> 00:30:55,065
Now this, this move here, isn't justified.
576
00:30:55,980 --> 00:30:56,310
Okay.
577
00:30:56,310 --> 00:31:00,180
In other words, in other words, we don't
look for a long, until the move away from
578
00:31:00,180 --> 00:31:05,310
this low takes out a significant high,
this high being as significant high.
579
00:31:05,370 --> 00:31:09,389
Do you understand why this high here would
be significant to the left of this low?
580
00:31:12,120 --> 00:31:16,740
So when price goes up here, does this
high break, this tie to the left of it?
581
00:31:18,990 --> 00:31:19,379
No.
582
00:31:19,830 --> 00:31:20,639
So you have to wait.
583
00:31:21,240 --> 00:31:24,720
So the market has a little bit of
retracement and then what happens?
584
00:31:24,780 --> 00:31:29,580
It expands up then it trades through
this high right here on this candle.
585
00:31:30,210 --> 00:31:32,850
So now we have, what did we
learn about in the first month?
586
00:31:32,850 --> 00:31:33,629
What's this called?
587
00:31:38,590 --> 00:31:39,430
Impulse swing.
588
00:31:40,389 --> 00:31:40,629
Okay.
589
00:31:40,629 --> 00:31:41,350
Impulse swing.
590
00:31:42,220 --> 00:31:45,220
So, and again, I'm not trying to
teach optimal trade entry with
591
00:31:45,220 --> 00:31:49,750
Fibonacci, but I just wanted you
to understand in scope of discount
592
00:31:49,750 --> 00:31:51,610
and premium, we have the low here.
593
00:31:53,195 --> 00:31:56,345
This high can't be used because it
didn't break this previous higher here.
594
00:31:56,735 --> 00:31:58,775
We can use this high here.
595
00:31:59,465 --> 00:32:04,625
So when it gets to that high here, we can
now look and see equilibrium is down here.
596
00:32:05,375 --> 00:32:08,315
When price gets below equilibrium,
we're at a discount and it goes
597
00:32:08,315 --> 00:32:09,695
right into what, what is this?
598
00:32:27,365 --> 00:32:30,575
I'm looking for a specific,
it's a pattern I'm looking for.
599
00:32:30,575 --> 00:32:33,455
Actually, I'm asking for
what's this over here.
600
00:32:35,335 --> 00:32:35,965
Turtle soup.
601
00:32:36,805 --> 00:32:38,965
Turtle soup is a false
break below an old low.
602
00:32:39,595 --> 00:32:39,835
Okay.
603
00:32:39,835 --> 00:32:45,535
So we have a couple of things going
on here, the market rallies up, and we
604
00:32:45,535 --> 00:32:47,095
would not be able to see any trades.
605
00:32:48,210 --> 00:32:51,180
Because it doesn't go much below
the equilibrium price point relative
606
00:32:51,180 --> 00:32:53,790
to this hot, low up to this high.
607
00:32:54,600 --> 00:32:57,810
So when price trades through that,
we're watching this candle, this
608
00:32:57,810 --> 00:33:01,230
candle, this candle, this candle, and
it never gets back down below this
609
00:33:01,230 --> 00:33:03,270
low, but then watch what happens.
610
00:33:03,270 --> 00:33:07,230
It trades higher here and then the
next candle, it trades higher here.
611
00:33:07,530 --> 00:33:08,129
You see that.
612
00:33:10,870 --> 00:33:13,870
So as price was trading forward, in
other words, it's still got like this.
613
00:33:15,220 --> 00:33:20,409
Initially you'd have it set up like
this and every new candle that forms
614
00:33:21,010 --> 00:33:23,950
we're watching to see if it drops
down below equilibrium, relative to
615
00:33:23,950 --> 00:33:27,250
the low up to the higher high that
broke market structure over here.
616
00:33:29,530 --> 00:33:30,580
I'm getting ready to explain that, man.
617
00:33:30,610 --> 00:33:33,040
I'm just trying to show you because
you wouldn't see that high yet.
618
00:33:33,940 --> 00:33:35,889
The question is why wouldn't
you use that next high?
619
00:33:36,159 --> 00:33:37,840
And I want you to understand it.
620
00:33:38,379 --> 00:33:41,050
You wouldn't know that high is
there until it forms, right?
621
00:33:41,139 --> 00:33:42,040
I mean, right here, you don't see.
622
00:33:46,195 --> 00:33:46,465
Okay.
623
00:33:46,465 --> 00:33:49,794
So every, every new candle you're
monitoring now, what happens here?
624
00:33:50,125 --> 00:33:54,294
We have a higher high, we clear
out the high here, here, and
625
00:33:54,294 --> 00:33:55,254
this short-term high here.
626
00:33:55,254 --> 00:34:00,594
So now we have to do what anchor
our fed well, net new high,
627
00:34:05,784 --> 00:34:09,654
and then the next candle, it creates
a smaller, shorter term Haim, but
628
00:34:09,654 --> 00:34:13,674
it doesn't trade down until at the
close of that day or this hour candle.
629
00:34:16,784 --> 00:34:19,904
So there's your swing from low up to high.
630
00:34:20,264 --> 00:34:24,284
And as the market creates these higher
highs, you're watching to see if it trades
631
00:34:24,284 --> 00:34:29,654
back down below equilibrium, because do
we buy at a premium or above equilibrium?
632
00:34:32,505 --> 00:34:36,074
Not for, not for low risk
and high probability.
633
00:34:36,074 --> 00:34:36,344
We don't.
634
00:34:38,210 --> 00:34:39,500
So we're looking for discount.
635
00:34:40,610 --> 00:34:43,670
We frame discount with monitoring,
where equilibrium would be
636
00:34:43,670 --> 00:34:45,140
price has to trade below that.
637
00:34:45,740 --> 00:34:49,850
And if we can couple the idea of
being in discount with ideas of
638
00:34:49,850 --> 00:34:54,140
institutional order flow, meaning if we
think this is an impulse price swing,
639
00:34:54,140 --> 00:34:57,650
which by all indications suggests
that it is because it took out a
640
00:34:57,650 --> 00:35:02,360
swing high here, we broke through it,
looking at near term price action.
641
00:35:02,360 --> 00:35:03,140
This looks weak.
642
00:35:03,170 --> 00:35:07,130
It looks, it looks bearish, but you
have what resting below these lows
643
00:35:07,130 --> 00:35:08,960
here, but what resides below that low?
644
00:35:15,140 --> 00:35:16,250
What kind of stops now?
645
00:35:17,420 --> 00:35:19,490
Some of you you're saying by
stops, what kind of stops is it?
646
00:35:21,500 --> 00:35:26,750
If you're a long, think someone's
long here they've been making money.
647
00:35:27,290 --> 00:35:29,180
They're going to share their
stop loss below this low.
648
00:35:29,180 --> 00:35:31,580
If your long, what kind of
stock do you use to protect it?
649
00:35:34,140 --> 00:35:35,910
So sell thoughts are below this low.
650
00:35:35,940 --> 00:35:38,250
Now think about the context
of what's being framed here.
651
00:35:39,870 --> 00:35:42,750
You have a market that has an
impulse price swing higher.
652
00:35:44,970 --> 00:35:50,940
It has retraced, and it went down below
a previous low that's like a loaded deal.
653
00:35:51,120 --> 00:35:55,140
It's it's like, that's a gift because
you're, you're seeing the market come
654
00:35:55,140 --> 00:35:58,050
down to take out individuals that
already are in the marketplace long.
655
00:35:58,830 --> 00:36:01,920
So why would they allow price
to go below this low to activate
656
00:36:01,920 --> 00:36:03,090
their cell stops to generate?
657
00:36:03,090 --> 00:36:03,930
What kind of liquidity?
658
00:36:09,730 --> 00:36:11,080
Hold your question around.
659
00:36:16,880 --> 00:36:20,180
If they allow the marketplace to below
this low, it forces an injection of
660
00:36:20,180 --> 00:36:24,170
liquidity in the marketplace for the
smart money to do what as a counterparty,
661
00:36:27,360 --> 00:36:30,600
it forces selling liquidity
for their new buying.
662
00:36:31,320 --> 00:36:31,890
Do you understand that?
663
00:36:32,910 --> 00:36:36,779
Does anybody not understand that because
it's gonna be really fruitless for me
664
00:36:36,779 --> 00:36:37,890
to continue if you don't know that.
665
00:36:41,440 --> 00:36:41,830
Okay.
666
00:36:43,390 --> 00:36:47,860
As the market trades higher, our
understanding is that someone is in that
667
00:36:47,860 --> 00:36:54,190
marketplace, bullish the market, usually
leaves a lo intact and then eventually
668
00:36:54,190 --> 00:36:55,779
comes back and runs out that low.
669
00:36:56,590 --> 00:36:59,770
If we have the idea that the market
should be higher, because we've seen this
670
00:37:00,310 --> 00:37:02,410
short-term high broken on the upside.
671
00:37:02,560 --> 00:37:03,730
So this is an impulse swing.
672
00:37:03,970 --> 00:37:05,620
The market has shown a
willingness to go up.
673
00:37:06,490 --> 00:37:10,900
If it comes back down below a short
term low, if it goes below that our
674
00:37:10,900 --> 00:37:15,820
understanding is, is there cell stops
below this low in the form of those
675
00:37:15,820 --> 00:37:17,710
that are along that want to make money.
676
00:37:18,400 --> 00:37:19,390
They have their cell stop.
677
00:37:19,400 --> 00:37:21,759
Re-pull below that load because that's
what the books and everybody else teaches
678
00:37:21,940 --> 00:37:22,870
that that's where they're stopped.
679
00:37:24,450 --> 00:37:27,150
If they have their stops there, it's
not gonna be one or two traders donut.
680
00:37:27,180 --> 00:37:29,460
It's going to be, everybody
looks at an hourly chart as long.
681
00:37:29,700 --> 00:37:32,220
They're going to see this as, okay,
well, this is a big engulfing candle.
682
00:37:32,460 --> 00:37:35,580
I have a real good, safe opportunity
to place my stop-loss below that low.
683
00:37:36,210 --> 00:37:40,200
And it's going to be a sell stop because
a long position is protected when the
684
00:37:40,200 --> 00:37:43,319
market trades below a specific level
that you have as a threshold where you
685
00:37:43,319 --> 00:37:47,100
don't want to see any more incurred
loss, that's where you put yourself.
686
00:37:47,100 --> 00:37:47,640
Stop that.
687
00:37:47,700 --> 00:37:50,790
So if it trade down below this low,
everybody that would have a sell stop.
688
00:37:50,819 --> 00:37:56,730
The below that low would force
sell stocks, become market orders
689
00:37:56,730 --> 00:38:01,470
to sell at market and market
makers will use that liquidity.
690
00:38:01,680 --> 00:38:05,850
That's just injected in
the marketplace to buy it.
691
00:38:06,089 --> 00:38:09,270
They'll buy what the willing participants
want to sell out of their long positions.
692
00:38:09,450 --> 00:38:10,980
There's going to be a huge rush to sell.
693
00:38:12,270 --> 00:38:14,759
So what happens is when that
market drops down here like this,
694
00:38:14,910 --> 00:38:16,620
it's called pairing of orders.
695
00:38:16,650 --> 00:38:19,350
P a I R I N G pairing.
696
00:38:21,135 --> 00:38:24,525
It forces liquidity for smart money.
697
00:38:24,525 --> 00:38:30,855
Buying smart money needs to have
parties to sell to them because
698
00:38:30,855 --> 00:38:33,045
smart money by nature are sellers.
699
00:38:33,345 --> 00:38:34,815
They're providers of liquidity.
700
00:38:35,235 --> 00:38:39,525
So they have to force people to put
sell stocks in the marketplace below
701
00:38:39,525 --> 00:38:44,325
lows, and that way they can get, um,
liquidity counterparties for their buying.
702
00:38:44,895 --> 00:38:46,065
Does that make more sense now, now?
703
00:38:51,295 --> 00:38:51,655
Okay.
704
00:38:52,045 --> 00:38:56,095
So now if we see that the impulse
price swing higher, the market
705
00:38:56,095 --> 00:39:00,055
trades below a low here and on top
of that, we're also inside of a deep
706
00:39:00,055 --> 00:39:02,035
discount or optimal trade entry.
707
00:39:02,875 --> 00:39:03,235
Okay.
708
00:39:03,535 --> 00:39:07,465
What else is going on right here as
price hits this low is probably not that
709
00:39:07,465 --> 00:39:11,575
clear to see, but I'm going to, I'm just
gonna put a little rectangle here, highly
710
00:39:11,575 --> 00:39:16,165
in the fact that we're in what would
be considered 62 to 79% retracement.
711
00:39:19,290 --> 00:39:21,150
You want to take the fibar so
we can see a little bit better.
712
00:39:21,750 --> 00:39:23,670
So as it hits this area
here, what are we doing?
713
00:39:23,670 --> 00:39:25,200
We're taking out an area stops.
714
00:39:26,370 --> 00:39:26,759
Okay.
715
00:39:27,270 --> 00:39:28,740
And then what's going on also in here.
716
00:39:31,420 --> 00:39:32,110
Very good.
717
00:39:32,799 --> 00:39:33,490
Very good.
718
00:39:34,299 --> 00:39:35,799
What's this candle right here.
719
00:39:38,200 --> 00:39:41,860
What's this candle bullish order block.
720
00:39:41,890 --> 00:39:45,310
What makes this what's makes
this down black candle bullish.
721
00:39:45,820 --> 00:39:50,590
It's the L it's the last candle before the
low, before the price swing higher forms.
722
00:39:51,610 --> 00:39:56,140
We understand that this is exactly
where the most sensitive price
723
00:39:56,140 --> 00:39:57,580
point for buying is going to be.
724
00:39:57,850 --> 00:39:59,799
Now, is it going to be the wick?
725
00:40:00,610 --> 00:40:03,100
Is it going to be the opening
of that candle is going to
726
00:40:03,100 --> 00:40:04,120
be the middle of that candle.
727
00:40:04,120 --> 00:40:05,380
Is it going to be the low of the candle?
728
00:40:05,380 --> 00:40:07,270
What's the, what's the
most sensitive price point.
729
00:40:13,450 --> 00:40:15,190
What do you see most of on this candle?
730
00:40:15,190 --> 00:40:17,049
Is there a lot of body or
is it a lot of, is it a lot.
731
00:40:22,740 --> 00:40:23,580
The body, right?
732
00:40:23,850 --> 00:40:26,549
So we have more beefiness
to the candle and the body.
733
00:40:26,549 --> 00:40:30,959
So we're going to elect to use the opening
price, but we'll permit sensitivity
734
00:40:31,049 --> 00:40:33,839
as to what price level on this candle.
735
00:40:33,930 --> 00:40:36,450
If it's not just the opening price,
where are we going to go to next?
736
00:40:42,890 --> 00:40:43,189
Okay.
737
00:40:43,189 --> 00:40:44,479
I mean, he asked you this way.
738
00:40:46,040 --> 00:40:51,950
If we identify the opening price, that's
where we highlight the most sensitivity.
739
00:40:52,399 --> 00:40:52,850
Okay.
740
00:40:53,779 --> 00:40:54,620
Now that's the key word.
741
00:40:54,620 --> 00:41:00,379
The most sensitivity that sensitivity
can begin as early as what?
742
00:41:02,990 --> 00:41:07,879
The high of the candle right
now, do we want to see the
743
00:41:07,879 --> 00:41:09,799
middle of the candle traded too?
744
00:41:10,640 --> 00:41:13,759
If it's a high probability trades, do
we want the middle of that candle trade?
745
00:41:15,415 --> 00:41:15,715
No.
746
00:41:15,715 --> 00:41:16,375
Exactly.
747
00:41:16,525 --> 00:41:18,595
So you don't want sensitivity.
748
00:41:19,285 --> 00:41:19,795
Okay.
749
00:41:20,245 --> 00:41:23,154
Or the willingness to want to see
price, go down to that middle candle
750
00:41:23,215 --> 00:41:27,595
as much as you possibly can, because
that's the least favorable condition
751
00:41:27,595 --> 00:41:29,875
you want to see sensitivity or support.
752
00:41:29,935 --> 00:41:34,825
In this case, you want to see price find
support at the body's candle or opening
753
00:41:34,825 --> 00:41:38,185
on a down candle and as early as the high.
754
00:41:38,815 --> 00:41:42,505
So in here between the wits high in
the body of the candle, that's where
755
00:41:42,505 --> 00:41:44,424
the most sensitivity should occur.
756
00:41:44,815 --> 00:41:50,125
But we allow, we allow how much
of a move into that down candle,
757
00:41:54,845 --> 00:41:55,955
50% of the candle.
758
00:41:55,985 --> 00:41:57,634
And what does that, what does that mean
759
00:42:01,805 --> 00:42:02,634
mean threshold?
760
00:42:02,634 --> 00:42:02,935
Right?
761
00:42:03,565 --> 00:42:09,715
So if we see the candle trade down through
the middle of the candle and it closes,
762
00:42:11,005 --> 00:42:12,355
what does that mean for your trade idea?
763
00:42:12,384 --> 00:42:13,495
Do you wait for your full stop?
764
00:42:16,810 --> 00:42:20,859
What can you do exactly?
765
00:42:20,950 --> 00:42:24,490
You can either take some of the trade
off if you still feel convicted about
766
00:42:24,490 --> 00:42:28,600
it or collapse the trade and move on
to a next, next high probability trade.
767
00:42:29,770 --> 00:42:30,160
Very good.
768
00:42:30,160 --> 00:42:30,700
Very good.
769
00:42:31,149 --> 00:42:34,299
So this is where the sensitivity
begins to rent the opening
770
00:42:34,299 --> 00:42:36,069
price on this down candle.
771
00:42:36,939 --> 00:42:40,529
I'm going to eyeball the
middle worried about there.
772
00:42:43,970 --> 00:42:46,879
So from the opening of that candle,
to the close of that candle, again,
773
00:42:47,180 --> 00:42:51,649
when we use the mean threshold,
we are not counting the wick, it's
774
00:42:51,649 --> 00:42:53,419
really, really, really important.
775
00:42:54,470 --> 00:42:58,100
Do not look at the middle of the
candle from the high to the low, the
776
00:42:58,109 --> 00:42:59,689
wicks are going to throw you off.
777
00:43:00,020 --> 00:43:02,569
You want to look at the body of
the candle and divide that in
778
00:43:02,569 --> 00:43:04,910
half, extend that out in time.
779
00:43:04,910 --> 00:43:06,080
That's where sensitivity should be.
780
00:43:06,259 --> 00:43:12,109
Why is the middle of the candle, the last
threshold what's going on at that level?
781
00:43:12,109 --> 00:43:12,169
Yeah.
782
00:43:13,154 --> 00:43:15,435
I'm not sure if I actually taught
this or not, but I don't know if I
783
00:43:15,435 --> 00:43:16,955
did, but I'll know if you answered,
784
00:43:24,884 --> 00:43:26,535
Jonathan says no freaking idea.
785
00:43:27,075 --> 00:43:31,245
Well, how does price, how do
we get price delivered to us
786
00:43:41,185 --> 00:43:43,104
by way of the Alan Bell?
787
00:43:45,055 --> 00:43:48,024
The interbank algo, the, the,
the price delivery mechanism
788
00:43:48,024 --> 00:43:49,854
that feeds us, our pricing.
789
00:43:50,274 --> 00:43:50,725
Okay.
790
00:43:51,865 --> 00:43:52,884
Is price random?
791
00:44:00,944 --> 00:44:01,515
No way.
792
00:44:02,654 --> 00:44:07,604
So if we can see the impulse price
swing here, it's going higher.
793
00:44:08,564 --> 00:44:11,774
If they come down below
a low and the overall.
794
00:44:12,585 --> 00:44:15,585
Model is still bullish because
we seen market structure break.
795
00:44:15,585 --> 00:44:20,745
Here we go back to an area at which
the algo is going to know by reference.
796
00:44:21,645 --> 00:44:25,125
Now everyone's whip is going to
be different on a, on your candle,
797
00:44:25,125 --> 00:44:29,055
just for, uh, for study purposes
for everyone that is watching this,
798
00:44:29,774 --> 00:44:30,765
uh, and do it in your recording.
799
00:44:30,765 --> 00:44:31,815
Not now just pay attention.
800
00:44:31,815 --> 00:44:32,895
If you're listening to it, live here.
801
00:44:33,585 --> 00:44:35,504
What you're going to do is you're
going to look at your candle
802
00:44:35,595 --> 00:44:39,795
on, uh, September 26th, 2016.
803
00:44:40,455 --> 00:44:44,565
Um, whatever, whatever this
candle was representative of your
804
00:44:44,565 --> 00:44:49,004
time, this would be, uh, would
that be in nice for one is five.
805
00:44:49,634 --> 00:44:51,524
Two is it's three o'clock in the morning.
806
00:44:52,904 --> 00:44:55,305
New York time, September 26th.
807
00:44:55,785 --> 00:44:56,924
Find out what your low is.
808
00:44:56,924 --> 00:45:00,045
1 29, 24 and your high for that candle.
809
00:45:00,674 --> 00:45:01,605
1 29 52.
810
00:45:01,605 --> 00:45:03,795
And I guarantee you, your candle is
going to have different highs and lows.
811
00:45:04,964 --> 00:45:09,495
But the middle of the body of the candle,
the bulk of that body, that's going
812
00:45:09,495 --> 00:45:14,444
to be the closest representation of
the central banks, uh, price delivery.
813
00:45:14,775 --> 00:45:15,045
Okay.
814
00:45:15,045 --> 00:45:18,134
It's going to, it's going to be the
closest thing that you're going to get.
815
00:45:18,315 --> 00:45:19,845
It's still not going to be absolute.
816
00:45:19,875 --> 00:45:23,535
It's still not gonna be perfect, but
this is the bridge I made between what
817
00:45:23,535 --> 00:45:27,855
I learned about how prices delivered
to us and seeing in our own charts.
818
00:45:28,575 --> 00:45:34,785
So the, the, the epiphany I
had was this thing occurs like
819
00:45:34,785 --> 00:45:36,884
on a 90 plus percent basis.
820
00:45:37,035 --> 00:45:40,634
So if you know where the majority
of the Mo momentum's going to be,
821
00:45:40,634 --> 00:45:43,575
or the next price leg is going to
be higher or lower, all you have
822
00:45:43,575 --> 00:45:44,895
to do is find that down candle.
823
00:45:44,924 --> 00:45:48,285
If you're bullish, divide that in
half, and anything above that point
824
00:45:48,345 --> 00:45:50,835
up, you should be focusing on buying.
825
00:45:51,615 --> 00:45:53,625
Now, here's the thing, here's
the wonderful thing about this.
826
00:45:54,435 --> 00:46:00,555
Say you are a trader that can
not, so you can't be in front
827
00:46:00,555 --> 00:46:01,395
of the charts all the time.
828
00:46:01,725 --> 00:46:02,145
Okay.
829
00:46:03,675 --> 00:46:09,765
Can you between, I don't know, maybe
a seven o'clock in the morning, nine
830
00:46:09,765 --> 00:46:10,694
o'clock in the morning, New York.
831
00:46:10,845 --> 00:46:15,645
Can you periodically check your phone
and take literally 10 seconds to see
832
00:46:16,125 --> 00:46:20,715
where price is on British pound USD,
regardless of what you're doing, if
833
00:46:20,715 --> 00:46:25,245
you're working a job or whatever,
can you take 10 to 15 seconds to see
834
00:46:25,635 --> 00:46:29,895
where price is between seven o'clock
and nine o'clock in the morning?
835
00:46:29,895 --> 00:46:32,625
Just periodically look, I mean, if you
get texts from your wife or your husband,
836
00:46:32,925 --> 00:46:33,795
I mean, you're doing the same thing.
837
00:46:33,855 --> 00:46:35,445
Well, maybe not so much the
husband, you're probably not.
838
00:46:36,345 --> 00:46:38,325
If you're like me, I get in
trouble all the time for not
839
00:46:38,325 --> 00:46:39,165
answering my wife's texts.
840
00:46:39,165 --> 00:46:45,045
But the, uh, the idea of being able
to look at the market, you have
841
00:46:45,045 --> 00:46:46,035
to be able to be able to see it.
842
00:46:46,215 --> 00:46:46,455
Okay.
843
00:46:46,455 --> 00:46:47,355
You have to be able to reference it.
844
00:46:47,355 --> 00:46:49,755
And there specific times of the day
that you need to be able to do that.
845
00:46:50,415 --> 00:46:53,235
So some platforms allow us to have alerts.
846
00:46:53,685 --> 00:46:56,325
Now I'm not a real big fan of
alerts because I'm actually
847
00:46:56,505 --> 00:46:59,205
really conscious of what price is
doing specific times of the day.
848
00:46:59,655 --> 00:47:04,905
But if you have jobs or business, Then you
can obviously set these alerts when, if
849
00:47:04,905 --> 00:47:06,825
you see price trade below this low here.
850
00:47:07,455 --> 00:47:07,755
Okay.
851
00:47:07,785 --> 00:47:08,775
Or how about this?
852
00:47:09,075 --> 00:47:14,845
We knew what the, uh, with the
Fibonacci equilibrium level
853
00:47:14,845 --> 00:47:17,985
was relative to this high.
854
00:47:18,255 --> 00:47:22,185
So once this high forums here,
once this high forums in the
855
00:47:22,185 --> 00:47:25,185
trade, I mean, I'm sorry that
you see that it's trading lower.
856
00:47:25,845 --> 00:47:28,305
All you have to do is do what
you can see, what equilibrium
857
00:47:28,305 --> 00:47:29,475
is, whatever that price point is.
858
00:47:29,475 --> 00:47:31,815
And all you've got to do is get
a reference point like this.
859
00:47:36,725 --> 00:47:36,995
Okay.
860
00:47:36,995 --> 00:47:40,895
So now you have alert, set an
alert for price to alert you.
861
00:47:41,255 --> 00:47:46,955
If it gets below 1 29 60, if price goes
below 1 29, 60 on British pound USD,
862
00:47:46,955 --> 00:47:51,095
your phone or your device will email
you or send you a text message and say,
863
00:47:51,095 --> 00:47:54,425
Hey, British pound is below 1 29 60.
864
00:47:54,455 --> 00:47:55,265
So what does that mean?
865
00:47:55,445 --> 00:47:55,605
Go.
866
00:47:57,045 --> 00:47:59,115
Go your charts to say, okay,
well, it's trading down here.
867
00:47:59,415 --> 00:48:01,125
It's gone below that level of equilibrium.
868
00:48:01,575 --> 00:48:02,025
Okay.
869
00:48:02,265 --> 00:48:06,045
And these are hourly candles
and you can do this on a four
870
00:48:06,045 --> 00:48:07,635
hour or, or a daily basis.
871
00:48:07,635 --> 00:48:12,255
It doesn't matter, but there's no reason
why none of you can't do these types of
872
00:48:12,255 --> 00:48:15,195
things, because there's so many things in
technology that allows you to be alerted.
873
00:48:15,465 --> 00:48:16,935
You don't have to stare
at charts all day long.
874
00:48:16,935 --> 00:48:20,115
Once you understand what it is you're
looking for, you can set these little
875
00:48:20,115 --> 00:48:23,085
things up to alert you, but because
I'm a nut and I want to be in the
876
00:48:23,085 --> 00:48:24,615
marketplace studying all the time.
877
00:48:24,855 --> 00:48:27,915
Even if I'm not taking live
trades, I'm always available.
878
00:48:27,915 --> 00:48:30,525
I mean, you guys can see it when I'm
clicking charts and sending them to you.
879
00:48:30,525 --> 00:48:31,215
I'm getting it right.
880
00:48:31,215 --> 00:48:34,185
When it hits the water block, I'm sending
it right to you when it's happening.
881
00:48:34,185 --> 00:48:36,255
As it, the level I call
for I'm there all the time.
882
00:48:36,255 --> 00:48:36,795
I'm seeing it.
883
00:48:37,275 --> 00:48:37,815
I'm not out there.
884
00:48:37,815 --> 00:48:39,795
Waxing cars and filling gas tanks.
885
00:48:39,825 --> 00:48:41,535
I mean, I'm doing charts study.
886
00:48:41,535 --> 00:48:46,875
So looking at price when price goes down
below this low here, right below this
887
00:48:46,875 --> 00:48:49,425
low, we know that we are in an area.
888
00:48:51,205 --> 00:48:52,405
Yeah, I know I have a trader's life.
889
00:48:52,405 --> 00:48:56,485
That's the kind of life I have the,
uh, I guess you can say that I try to
890
00:48:56,485 --> 00:49:00,175
just like this new life until you're
actually on vacation, but the low here,
891
00:49:00,505 --> 00:49:04,165
when we trade below that we know that
we have potential run outs to sell
892
00:49:04,165 --> 00:49:08,605
stops, which is going to inject selling
liquidity for buying for smart money.
893
00:49:09,715 --> 00:49:12,265
And here's the middle of that down candle.
894
00:49:12,625 --> 00:49:14,935
So now what's the idea we're here.
895
00:49:14,985 --> 00:49:17,635
When we see price trade down
here, what can we do with this?
896
00:49:22,265 --> 00:49:24,455
You can do what's the pricing over here?
897
00:49:24,455 --> 00:49:25,955
Where, what price levels
are we looking at?
898
00:49:25,955 --> 00:49:28,505
What, what level is this right over here?
899
00:49:29,015 --> 00:49:29,735
What level is that?
900
00:49:30,695 --> 00:49:31,685
It's a 50 level.
901
00:49:32,375 --> 00:49:35,765
That's highly sensitive, big,
big, big defensive level.
902
00:49:36,815 --> 00:49:38,345
So we have an institutional mid figure.
903
00:49:39,065 --> 00:49:39,455
Okay.
904
00:49:39,485 --> 00:49:40,445
It's a 50 level.
905
00:49:41,615 --> 00:49:45,165
So when there's gonna be sensitivity
around that price level, Especially the
906
00:49:45,165 --> 00:49:46,845
fact that there was a previous low there.
907
00:49:46,905 --> 00:49:50,865
If we see price come down below a previous
low, and it's at a mid figure or a brown
908
00:49:50,895 --> 00:49:56,535
big figure number, and it's 1 30, 0, 0, or
1 29 zeros, are there big figure numbers.
909
00:49:57,435 --> 00:50:00,645
If you see a low or a high
violated around that level,
910
00:50:00,675 --> 00:50:01,815
many times that's a turtle suit.
911
00:50:01,815 --> 00:50:03,585
That's something to put in your
note pads and start studying
912
00:50:03,585 --> 00:50:04,245
the rest of the week too.
913
00:50:04,845 --> 00:50:09,045
But for here, we have a loaded deal
where we have a low violet here with
914
00:50:09,045 --> 00:50:11,145
the impulse price leg, moving higher.
915
00:50:11,835 --> 00:50:13,035
We're at an order block here.
916
00:50:13,125 --> 00:50:17,835
So the idea is we could be buying
on a limit order at 1 29 50.
917
00:50:18,435 --> 00:50:18,825
Okay.
918
00:50:18,975 --> 00:50:20,145
1 29 50.
919
00:50:20,745 --> 00:50:24,195
Our stop is defined by the
mean threshold 1 29 34.
920
00:50:24,345 --> 00:50:26,685
So we can go about 10
or 15 pips below that.
921
00:50:28,375 --> 00:50:32,515
So in that case, what we'll be
looking at, what price level would
922
00:50:32,515 --> 00:50:36,355
be will we be using if this was
the data provider you're actually
923
00:50:36,355 --> 00:50:37,705
trading on this with your platform?
924
00:50:38,275 --> 00:50:41,905
And the mean threshold comes in at 1 29
34, we want to go 15 FIPs below that.
925
00:50:42,325 --> 00:50:42,945
What would our.
926
00:50:45,170 --> 00:50:46,610
Roughly 1 29 20.
927
00:50:47,240 --> 00:50:47,570
Okay.
928
00:50:47,870 --> 00:50:50,060
So 1 29 20 defines our risk.
929
00:50:59,130 --> 00:51:00,540
There's your stop now?
930
00:51:00,570 --> 00:51:01,830
Here's the, here's the problem.
931
00:51:02,160 --> 00:51:02,549
Okay.
932
00:51:03,120 --> 00:51:03,630
Folks.
933
00:51:04,140 --> 00:51:08,490
See these types of trading things
in books and such, and they'll
934
00:51:08,490 --> 00:51:10,410
say, okay, here's the swing low?
935
00:51:10,410 --> 00:51:11,580
And maybe this is the retracement.
936
00:51:11,730 --> 00:51:15,090
They're going to put their stop loss
where everybody else out there and
937
00:51:15,090 --> 00:51:16,500
trading where's your stop-loss going to be
938
00:51:20,299 --> 00:51:21,020
under this low.
939
00:51:21,020 --> 00:51:21,350
Right.
940
00:51:22,580 --> 00:51:25,250
And it's going to be what,
10 or 20 pips below that low.
941
00:51:27,710 --> 00:51:28,130
Isn't that?
942
00:51:28,130 --> 00:51:28,880
What you all learned?
943
00:51:29,630 --> 00:51:34,040
Put your stop bloke old, low
10 to 20 pips below it because
944
00:51:34,040 --> 00:51:35,180
it's protected under there.
945
00:51:36,680 --> 00:51:39,740
When we've been teaching that
the stock runs go 10 to 20 pips.
946
00:51:40,995 --> 00:51:44,415
So my question to you is
this, is this a bad idea?
947
00:51:44,444 --> 00:51:47,205
Putting a stop-loss up here above the low?
948
00:51:51,955 --> 00:51:54,625
Why, why is this not a bad idea?
949
00:51:54,625 --> 00:51:55,314
This is important.
950
00:51:55,524 --> 00:51:56,814
Why is it not a bad idea?
951
00:51:57,895 --> 00:51:59,634
Multiple reasons, but specifically why?
952
00:52:03,484 --> 00:52:05,225
Number one, it preserves equity.
953
00:52:05,495 --> 00:52:07,265
It has a lower stock at risk.
954
00:52:08,345 --> 00:52:13,234
It allows you to trade with more
leverage defined by your risk parameters.
955
00:52:13,234 --> 00:52:13,444
Okay.
956
00:52:13,444 --> 00:52:17,975
We're only going to, we're going to
assume a risk of one and a half percent.
957
00:52:18,515 --> 00:52:18,845
Okay.
958
00:52:19,955 --> 00:52:21,634
But here's the, here's
the thought process.
959
00:52:22,115 --> 00:52:25,384
If this market trades down below the
mean threshold, say it does that say it
960
00:52:25,384 --> 00:52:27,725
trades down here and it goes to 1 29, 20.
961
00:52:28,654 --> 00:52:32,794
Is it likely to stop at 1 29 and
go back up and make you feel.
962
00:52:35,339 --> 00:52:36,450
It can always do that.
963
00:52:36,450 --> 00:52:39,509
But I'm saying in terms of
probability, if this market trades
964
00:52:39,509 --> 00:52:42,870
down through there and hits 1 29 20,
think about what we got over here.
965
00:52:43,680 --> 00:52:47,819
Is it going to go down the 1 29, 20,
stop there and go back up 190 pips.
966
00:52:49,350 --> 00:52:52,470
No, it's going to do what if it goes
down the 1 29 20, it's going to likely
967
00:52:52,470 --> 00:52:53,609
going to do what with these lows,
968
00:52:56,730 --> 00:52:57,810
it's going to blow through them.
969
00:52:58,770 --> 00:53:00,000
So my question is this.
970
00:53:00,240 --> 00:53:04,529
If we see a tray idea that's framed
and we can see the mean threshold
971
00:53:04,529 --> 00:53:08,040
where institutional support should be
found, the algos should not deliver
972
00:53:08,040 --> 00:53:11,490
price much, much lower than 1 29 34.
973
00:53:11,730 --> 00:53:16,740
They can touch it because there's going
to be a deviation from what the interbank
974
00:53:16,740 --> 00:53:18,720
data feeds are with the price engines.
975
00:53:18,720 --> 00:53:23,279
When they deliver price, that interbank
pricing is going to be slightly different
976
00:53:23,910 --> 00:53:25,410
than what we see in our platforms.
977
00:53:25,439 --> 00:53:28,560
And they, and you have to allow
that if you're going to be nuts
978
00:53:28,560 --> 00:53:31,169
about it, it has to be this, or
have to be that you're going to.
979
00:53:32,370 --> 00:53:33,270
We're going to lose your mind.
980
00:53:33,360 --> 00:53:35,339
You're going to force things that
can't happen for you in terms of
981
00:53:35,940 --> 00:53:42,540
consistency, but you can trade in this
gray area where we can see where the
982
00:53:42,540 --> 00:53:44,040
probabilities are stacked in our favor.
983
00:53:44,759 --> 00:53:49,589
We can define our risk and have
our stock higher than what would be
984
00:53:49,620 --> 00:53:51,089
otherwise placed with other traders.
985
00:53:51,660 --> 00:53:54,600
By having a smaller stock,
relative to where the old low
986
00:53:54,600 --> 00:53:57,299
is, we can use more leverage.
987
00:53:57,720 --> 00:54:00,210
Now it doesn't mean we're
incurring a larger risk.
988
00:54:00,900 --> 00:54:04,350
We're just making it stop frame
around a smaller stop loss.
989
00:54:04,680 --> 00:54:05,990
Do you understand that
before I go further?
990
00:54:06,000 --> 00:54:07,560
Do you have, does anyone not
understand what I just said?
991
00:54:13,480 --> 00:54:13,750
Okay.
992
00:54:15,339 --> 00:54:22,330
So now if we are going to be
a buyer at 1 29 50, I want to
993
00:54:22,330 --> 00:54:25,420
limit our stops at 1 29 20.
994
00:54:25,810 --> 00:54:29,700
What is our total pips?
995
00:54:34,910 --> 00:54:35,300
Okay.
996
00:54:35,720 --> 00:54:37,070
Now I'm, here's the question for you.
997
00:54:38,330 --> 00:54:41,960
If we have framed the trade with
we're trying to make one and a
998
00:54:41,960 --> 00:54:46,400
half percent for the week to see
this, we see this as a buy 1 29 50.
999
00:54:46,400 --> 00:54:50,720
Now I'm using 1 29, 50 as
the worst possible high end
1000
00:54:50,720 --> 00:54:52,640
entry notice I'm doing that.
1001
00:54:52,640 --> 00:54:56,180
I'm not giving us the low end rate
below the low buying all limit.
1002
00:54:56,690 --> 00:54:59,030
That's what you really would be doing,
but I'm just giving you an example
1003
00:54:59,030 --> 00:55:02,750
of using the highest potential area
to be trading on a limit basis.
1004
00:55:03,110 --> 00:55:07,250
Buying at 1 29 50 price would be
down here and you'd be losing money.
1005
00:55:07,250 --> 00:55:11,630
Initially, you do you understand
that initially you'd be underwater
1006
00:55:15,280 --> 00:55:22,870
to the tune of about 15 pips now,
knowing what you know now that might
1007
00:55:22,870 --> 00:55:25,540
not be that big of a deal, but before
learning what I'm teaching you,
1008
00:55:25,540 --> 00:55:26,590
you'd probably be squirming, right?
1009
00:55:28,875 --> 00:55:30,225
Oh, man, please don't hit my stop.
1010
00:55:30,465 --> 00:55:31,185
Oh man.
1011
00:55:31,365 --> 00:55:32,595
Please don't go down there.
1012
00:55:33,135 --> 00:55:34,185
All of a sudden you're a Christian.
1013
00:55:34,215 --> 00:55:35,055
You're praying to God.
1014
00:55:35,565 --> 00:55:37,845
Please let 1 29 35 stay intact.
1015
00:55:38,745 --> 00:55:39,315
You bring it up.
1016
00:55:39,345 --> 00:55:42,945
You're breaking up the holy Mary Cross
and doing hail Marys and everything else.
1017
00:55:43,215 --> 00:55:46,365
Bottom line is you're not
thinking about the trade.
1018
00:55:46,905 --> 00:55:47,955
You're hoping and praying.
1019
00:55:48,345 --> 00:55:48,465
Now.
1020
00:55:48,465 --> 00:55:51,135
I'm not saying praying in good
praying is good, but in the scope
1021
00:55:51,135 --> 00:55:55,065
of trade psychology, you need to
focus on what's in the charts.
1022
00:55:55,425 --> 00:55:55,815
Okay.
1023
00:55:56,235 --> 00:56:01,605
So if we see 1 29, 50, as it limited
by we defined our risk of wines.
1024
00:56:01,635 --> 00:56:04,785
1 29, 20, we have 30 pips exposure.
1025
00:56:05,745 --> 00:56:09,495
So if we have a thousand
dollar account, okay.
1026
00:56:09,645 --> 00:56:13,095
If we have a thousand dollar
account and we want to risk one
1027
00:56:13,095 --> 00:56:15,645
and a half percent, that's $15.
1028
00:56:15,645 --> 00:56:16,635
Is everyone agree on that?
1029
00:56:21,115 --> 00:56:21,505
Okay.
1030
00:56:23,370 --> 00:56:25,230
How many pips do we need?
1031
00:56:25,529 --> 00:56:30,089
If we do a gearing of one-to-one,
if we're gonna, if we're going to
1032
00:56:30,089 --> 00:56:34,500
trade with one and a half percent
risk with the expectation of making
1033
00:56:34,500 --> 00:56:38,399
one a half percent risk reward, how
many pips are we looking to make
1034
00:56:44,290 --> 00:56:45,160
30 for 30?
1035
00:56:45,160 --> 00:56:45,520
Right.
1036
00:56:47,250 --> 00:56:48,930
So what we need is
1037
00:56:59,700 --> 00:57:00,689
from our entry.
1038
00:57:14,410 --> 00:57:17,880
Zoom in and it'll become clear as I get
tighter on this is give me a second.
1039
00:57:17,880 --> 00:57:19,050
Let me flush this out a little bit.
1040
00:57:19,770 --> 00:57:23,790
If we're buying at 1 29 50, or stock
down here for 30 pips from this
1041
00:57:23,790 --> 00:57:28,770
price point here up to 29, 80 that's
one-to-one gearing now, whereas we
1042
00:57:28,770 --> 00:57:31,590
risked one for one to be made as reward.
1043
00:57:32,520 --> 00:57:36,780
So if we buy down here, even though
we had about 15 pips draw down, okay.
1044
00:57:36,990 --> 00:57:41,280
When, if we can see a price movement
up to 1 29, 80 that's one to one.
1045
00:57:50,200 --> 00:57:52,240
Um, Maria is asking a question to me.
1046
00:57:52,240 --> 00:57:53,110
I mean, hang on folks.
1047
00:57:53,110 --> 00:57:53,920
Don't say nothing real quick.
1048
00:57:54,460 --> 00:57:59,530
Uh, but how can we have a $15
risk if we are risking 30 pips?
1049
00:58:00,070 --> 00:58:00,880
Well, what's half.
1050
00:58:01,150 --> 00:58:04,810
If you have $15 and you divide
it by 30, what do you end up?
1051
00:58:06,500 --> 00:58:09,380
In dollar terms, how
much money would that be?
1052
00:58:11,570 --> 00:58:12,170
50 cents.
1053
00:58:12,170 --> 00:58:12,470
Right?
1054
00:58:17,080 --> 00:58:17,320
Okay.
1055
00:58:17,320 --> 00:58:23,050
So every PIP you'd be leveraging
half of one micro lot,
1056
00:58:28,410 --> 00:58:31,830
see a standard lot would be
like, would be 10, $10 per PIP.
1057
00:58:32,490 --> 00:58:33,240
That's a standard lot.
1058
00:58:33,250 --> 00:58:35,100
A micro lot would be $1 per PIP.
1059
00:58:35,460 --> 00:58:38,430
You're gonna be trading half of not.
1060
00:58:38,490 --> 00:58:39,820
I'm saying, I shouldn't say micro it's.
1061
00:58:39,820 --> 00:58:42,030
It's a mini lot, many law, not my grandma.
1062
00:58:42,060 --> 00:58:42,750
I'm not used to trading.
1063
00:58:42,750 --> 00:58:43,140
I'm sorry.
1064
00:58:43,140 --> 00:58:43,710
I apologize.
1065
00:58:44,130 --> 00:58:46,020
You have a standard lot,
which is $10 per pit.
1066
00:58:46,230 --> 00:58:48,930
Then you have a mini
lot, which is $1 per pit.
1067
00:58:49,290 --> 00:58:50,250
Then you have a micro lot.
1068
00:58:50,250 --> 00:58:53,760
So you'd be trading five
micro lots or half of one mini
1069
00:58:57,230 --> 00:58:59,330
hope I didn't confuse you
there, but it's basically your
1070
00:58:59,330 --> 00:59:00,680
leverage is going to be 50 cents.
1071
00:59:03,875 --> 00:59:06,065
Did I miss anybody up,
everybody following along?
1072
00:59:06,125 --> 00:59:09,214
Only say, if you don't, if I messed
you up or confused, you say so.
1073
00:59:13,625 --> 00:59:13,865
Okay.
1074
00:59:13,865 --> 00:59:14,194
Good.
1075
00:59:14,705 --> 00:59:15,035
All right.
1076
00:59:15,095 --> 00:59:15,395
All right.
1077
00:59:15,665 --> 00:59:16,025
Okay.
1078
00:59:16,444 --> 00:59:20,765
If we're trying to buy at 1
29 50, I want to limit, okay.
1079
00:59:21,545 --> 00:59:25,415
If we're trying to buy at 1 29
50, you would go into your trading
1080
00:59:25,415 --> 00:59:27,545
account and do something like this.
1081
00:59:28,835 --> 00:59:36,305
Um, if you were watching price trade down
there live at 1 29 50, you would do this.
1082
00:59:43,924 --> 00:59:44,375
There you go.
1083
00:59:44,915 --> 00:59:46,055
That's what you would be buying.
1084
00:59:52,565 --> 00:59:53,255
Do you see that
1085
00:59:58,194 --> 00:59:59,035
you can't see the chart?
1086
01:00:01,255 --> 01:00:03,235
Tim's Tim saying he can't see the chart.
1087
01:00:04,615 --> 01:00:04,975
All right.
1088
01:00:05,005 --> 01:00:08,395
Um, does anybody else not see the chart?
1089
01:00:21,605 --> 01:00:27,455
Okay, so this would be one standard lot.
1090
01:00:29,215 --> 01:00:33,705
This would be five mini lots.
1091
01:00:36,685 --> 01:00:37,645
And you would change
1092
01:00:42,035 --> 01:00:44,285
the leveraging and gearing for this.
1093
01:00:44,285 --> 01:00:45,575
This would be 50 cents.
1094
01:00:51,775 --> 01:00:52,135
Can you say.
1095
01:00:59,200 --> 01:01:01,420
Yeah, Tim, if you can't see it,
brother, I don't know what's going on.
1096
01:01:01,450 --> 01:01:02,380
It'll be in the recording.
1097
01:01:02,380 --> 01:01:08,110
I'm not sure why your, your connections
try to close a webinar, come back
1098
01:01:08,110 --> 01:01:09,220
to it and see if that works for you.
1099
01:01:09,220 --> 01:01:10,750
I'll still be here when,
when you come back.
1100
01:01:12,640 --> 01:01:13,000
Yeah, there you go.
1101
01:01:13,000 --> 01:01:13,360
Thanks.
1102
01:01:14,020 --> 01:01:15,759
So this would be 50 cents per PIP.
1103
01:01:16,630 --> 01:01:17,080
Okay.
1104
01:01:17,830 --> 01:01:18,700
Do you understand that, Maria?
1105
01:01:24,750 --> 01:01:29,370
Okay, so you'd be trading with that much
gearing or leverage behind the trade.
1106
01:01:30,330 --> 01:01:33,450
So every time it moves higher in your
favor, you're going to make 50 cents.
1107
01:01:34,049 --> 01:01:38,190
If it moves 30 pips, that's $15 profit.
1108
01:01:38,759 --> 01:01:45,180
If it moves 30 pips below your entry at
1 29 50 and hit your stop, you, you incur
1109
01:01:45,180 --> 01:01:47,130
a loss of one and a half percent or 15.
1110
01:01:54,705 --> 01:01:55,155
Okay.
1111
01:01:55,995 --> 01:02:01,395
So now our first objective for one-to-one
reward, the risk would be 1 29 80.
1112
01:02:02,325 --> 01:02:02,745
Okay.
1113
01:02:03,645 --> 01:02:04,605
If we see
1114
01:02:07,615 --> 01:02:12,295
two to one that puts us right up above
this old high, you see that it may
1115
01:02:12,295 --> 01:02:14,485
be a little difficult to see because
of the coloring, but right here is
1116
01:02:14,485 --> 01:02:15,805
where I'm, I'm highly in that high.
1117
01:02:16,795 --> 01:02:17,335
See that.
1118
01:02:21,985 --> 01:02:24,625
So if we're buying down
here, what did I teach you?
1119
01:02:25,795 --> 01:02:32,785
In regards to low liquidity, low,
low liquidity, low resistance.
1120
01:02:32,785 --> 01:02:33,475
Liquidity runs.
1121
01:02:33,475 --> 01:02:33,985
Good grief.
1122
01:02:37,395 --> 01:02:38,445
What if we're buying?
1123
01:02:38,445 --> 01:02:39,375
What are we aiming for?
1124
01:02:46,250 --> 01:02:50,210
If we're buying, we're aiming
for a previous high, why
1125
01:02:50,210 --> 01:02:51,259
what's above those highs?
1126
01:02:51,290 --> 01:02:55,069
Why is it high probability to
see a buy run out a previous high
1127
01:02:55,069 --> 01:02:58,520
what's above those highs by stops.
1128
01:02:58,850 --> 01:03:02,990
That's going to be willing participants
to take what off of your hands, some
1129
01:03:02,990 --> 01:03:07,160
of your lungs, it makes perfect sense
for you to be able to be a buyer.
1130
01:03:07,430 --> 01:03:09,799
And you're going to find
counterparties in the chart right
1131
01:03:09,799 --> 01:03:10,910
before you even get up there.
1132
01:03:10,910 --> 01:03:13,100
You're going to know they're going to be
willing participants to buy it from you.
1133
01:03:14,120 --> 01:03:16,910
So we are hunting liquidity
above this old high.
1134
01:03:17,299 --> 01:03:17,540
Okay.
1135
01:03:17,540 --> 01:03:21,529
So we have an objective
for two to one here.
1136
01:03:22,640 --> 01:03:25,189
Now we're about to take it,
make a big step forward.
1137
01:03:25,189 --> 01:03:25,549
Okay.
1138
01:03:27,290 --> 01:03:28,910
We're or I I'm sorry.
1139
01:03:28,910 --> 01:03:34,490
The ideas we're buying at 1 29 50
with a stop at 1 29 20, our risk
1140
01:03:34,490 --> 01:03:37,490
is one and a half percent to get
one and a half percent profit.
1141
01:03:37,580 --> 01:03:38,899
It goes to 1 29 80.
1142
01:03:39,259 --> 01:03:40,460
We can move to a break.
1143
01:03:40,460 --> 01:03:43,160
Even we don't have any, we
don't have any risk at that.
1144
01:03:44,530 --> 01:03:45,400
Why would that be?
1145
01:03:45,490 --> 01:03:50,860
Why would that be good to trail
your stop loss up to 1 29 50?
1146
01:03:51,400 --> 01:03:56,280
Once you get above your first threshold
of profit, once it trades above 1 29
1147
01:03:56,280 --> 01:04:01,450
80, what would you, what would you be
thinking you don't want to see it come
1148
01:04:01,450 --> 01:04:02,890
down and give you a full stop, right?
1149
01:04:08,380 --> 01:04:09,580
No, I'm not saying take prof.
1150
01:04:09,670 --> 01:04:11,230
I'm not saying take the first profit yet.
1151
01:04:11,980 --> 01:04:12,850
We're not doing anything like that.
1152
01:04:12,850 --> 01:04:18,070
I'm saying if we went long at 1 29
50, and we go above, once it trades
1153
01:04:18,070 --> 01:04:23,350
through the first objective of 1 29 80,
then we can start talking about moving
1154
01:04:23,350 --> 01:04:26,890
their stop-loss up because if it gets
to 1 29 80, what is it showing us?
1155
01:04:29,550 --> 01:04:31,200
It's showing us a willingness
that it wants to go higher.
1156
01:04:31,200 --> 01:04:31,530
Right?
1157
01:04:34,260 --> 01:04:38,340
So if it's going higher, If it's
going up to 1 29, 80, where's the
1158
01:04:38,340 --> 01:04:42,090
liquidity at referenced at that price
point here that gets the 1 29 80.
1159
01:04:42,330 --> 01:04:44,790
Whereas the liquidity yet we've
already came down and took
1160
01:04:44,790 --> 01:04:46,110
these stocks out below the low.
1161
01:04:46,290 --> 01:04:51,550
So if it trades at 1 29 80, it's
going to seek what deal the liquidity
1162
01:04:51,550 --> 01:04:52,900
above this old high back here.
1163
01:04:53,980 --> 01:04:54,370
Okay.
1164
01:04:54,910 --> 01:04:58,930
So we cannot trail our stop loss
off at any capacity until we get
1165
01:04:58,930 --> 01:05:02,710
our first price objective met
and it has to trade through it.
1166
01:05:02,710 --> 01:05:03,640
You can't just touch it.
1167
01:05:03,940 --> 01:05:06,340
It's got to go through it
because it gives us willingness.
1168
01:05:06,790 --> 01:05:08,440
It shows us willingness
and it wants to go higher.
1169
01:05:08,650 --> 01:05:12,280
If it goes to that level, it's probably
very high probability that it's going to
1170
01:05:12,280 --> 01:05:13,510
reach for the liquidity above that high.
1171
01:05:16,240 --> 01:05:18,280
Does it do it here on this candle?
1172
01:05:24,400 --> 01:05:28,000
Look again, Ron, does this
candle trade through the 1 29 80.
1173
01:05:32,730 --> 01:05:34,530
So now at this moment
here, what can we do?
1174
01:05:34,550 --> 01:05:37,140
Our stop loss is right
now, it's at 1 29 20.
1175
01:05:37,140 --> 01:05:38,130
What can we do it to stop?
1176
01:05:45,360 --> 01:05:46,590
You can move it to breakeven.
1177
01:05:46,620 --> 01:05:47,160
Yes.
1178
01:05:48,240 --> 01:05:50,400
You can take something
off and pay yourself.
1179
01:05:52,050 --> 01:05:57,870
Or you can just move it up to the main
threshold or you can go just above the
1180
01:05:57,870 --> 01:06:02,040
mean threshold rate below the bodies
of these candles, not the wicks.
1181
01:06:02,670 --> 01:06:05,970
So I'm going to ask you as a,
uh, as a poll, what would all of
1182
01:06:05,970 --> 01:06:08,700
you do given the situation which
you see in the charts right now?
1183
01:06:08,700 --> 01:06:10,770
Where would you move your stop at it's?
1184
01:06:10,770 --> 01:06:13,590
Everybody would be starting at 1
29, 20, but where would all of you
1185
01:06:13,890 --> 01:06:15,900
reasonably move your stop or would you.
1186
01:06:31,445 --> 01:06:33,035
A lot of folks say mean threshold.
1187
01:06:33,185 --> 01:06:34,505
A lot of folks saying break even.
1188
01:06:36,425 --> 01:06:39,325
Okay, well, I'm gonna, I'm gonna,
I'm gonna go with the majority.
1189
01:06:39,345 --> 01:06:40,535
Everyone's saying break breakeven.
1190
01:06:40,625 --> 01:06:41,075
Okay.
1191
01:06:41,165 --> 01:06:51,525
So we're gonna run our stock all the way
up to 29 51, 29 50 price is running out.
1192
01:06:51,535 --> 01:06:53,475
It hits our first objective.
1193
01:06:56,105 --> 01:06:56,885
What do you see there?
1194
01:06:58,475 --> 01:06:59,225
You're watching price.
1195
01:06:59,235 --> 01:07:02,945
Now you jammed your stop all the way
up to break, even what are you feeling?
1196
01:07:08,465 --> 01:07:11,945
So, yeah, all of a sudden you're like,
oh, maybe I shouldn't have moved.
1197
01:07:11,945 --> 01:07:12,995
That stopped so quickly.
1198
01:07:14,375 --> 01:07:17,915
Do you remember what we talked about in
the early portion of September, where
1199
01:07:17,915 --> 01:07:21,065
I talked about managing your positions,
you want to focus more of your attention
1200
01:07:21,065 --> 01:07:23,075
and energy on where the market may reach.
1201
01:07:24,750 --> 01:07:25,170
Okay.
1202
01:07:25,860 --> 01:07:28,560
So at this price point, right
in here, when, when we see this
1203
01:07:28,560 --> 01:07:30,240
down candle, admittedly, okay.
1204
01:07:30,300 --> 01:07:31,050
Honest, be honest.
1205
01:07:31,080 --> 01:07:32,880
I'm the only one that can
see your responses here.
1206
01:07:33,150 --> 01:07:34,020
Nobody else can see it.
1207
01:07:35,160 --> 01:07:39,930
If you see that down candle like that, how
many of you were thinking, let me move.
1208
01:07:39,960 --> 01:07:41,759
Let me make my stop lower again.
1209
01:07:45,930 --> 01:07:47,400
So now here's my question to you.
1210
01:07:48,900 --> 01:07:52,560
If you feel the willingness to
want to move your stop down,
1211
01:07:53,460 --> 01:07:56,490
does that indicate that you were
premature about moving it higher?
1212
01:08:02,360 --> 01:08:04,100
So where's your focus going to be?
1213
01:08:04,759 --> 01:08:05,270
Where's your gun.
1214
01:08:05,630 --> 01:08:09,530
If you have your stop jammed up to the
break, even where's your focus going to
1215
01:08:09,530 --> 01:08:15,980
be most heavily placed, worrying about
the losing or managing whether or not
1216
01:08:15,980 --> 01:08:17,090
it shows signs that it wants to go.
1217
01:08:22,795 --> 01:08:26,665
You're going to be monitoring the, the,
the potential of the market, hitting
1218
01:08:26,665 --> 01:08:31,854
that stop versus studying the price
action, saying, okay, is price going
1219
01:08:31,854 --> 01:08:33,925
to find support at this down candle?
1220
01:08:34,675 --> 01:08:37,165
Because this is the last day I'm counting
before they see this up move here.
1221
01:08:37,345 --> 01:08:40,434
So there should be some institutional
support at this down candle.
1222
01:08:41,125 --> 01:08:41,514
Right?
1223
01:08:45,365 --> 01:08:47,764
So if we see a little bit
of retracement that's okay.
1224
01:08:47,764 --> 01:08:48,665
It's expected.
1225
01:08:49,085 --> 01:08:52,894
Allow institutional order flow
allows price to retrace a little
1226
01:08:52,894 --> 01:08:57,184
bit for new buying smart money
does not buy one up handles.
1227
01:08:57,184 --> 01:08:57,635
Correct.
1228
01:09:02,865 --> 01:09:04,604
Now here's a big note taking session.
1229
01:09:04,694 --> 01:09:05,175
Okay.
1230
01:09:05,865 --> 01:09:11,684
If you buy something, you need to see the
market trade away from the order blocked.
1231
01:09:11,684 --> 01:09:13,814
It started to move, which
is this down candle.
1232
01:09:14,205 --> 01:09:16,814
It's the or block number who
buys when the market trades.
1233
01:09:19,330 --> 01:09:22,990
Who's doing their buying when the
market trades lower smart money banks.
1234
01:09:23,319 --> 01:09:23,770
Okay.
1235
01:09:23,979 --> 01:09:26,470
They have to do that because
they won't get efficient pricing
1236
01:09:26,770 --> 01:09:27,970
when the market's trading higher.
1237
01:09:29,750 --> 01:09:33,649
So if we see the market run
through here, if you're going
1238
01:09:33,649 --> 01:09:35,510
to jam your stop off, okay.
1239
01:09:35,540 --> 01:09:38,840
It's still has to be below
what point of that down candle.
1240
01:09:44,010 --> 01:09:49,020
I mean threshold because price can still
come down and trade a little bit into that
1241
01:09:49,020 --> 01:09:51,029
candle and still be valid to go higher.
1242
01:09:52,649 --> 01:09:59,730
So my question now is for the stop from 1
29, 20 being managed higher, where would
1243
01:09:59,730 --> 01:10:01,380
you knowing what I'm telling you now?
1244
01:10:01,680 --> 01:10:06,150
Where would you be reasonably
safe and still efficiently trading
1245
01:10:06,150 --> 01:10:08,160
this, but still lowering your risk
1246
01:10:14,310 --> 01:10:14,790
below here.
1247
01:10:17,235 --> 01:10:19,135
A lot of your sand below the
bodies of these candles in here.
1248
01:10:19,135 --> 01:10:20,265
And is this what you're talking about?
1249
01:10:24,625 --> 01:10:25,705
A lot of people saying, yeah.
1250
01:10:25,915 --> 01:10:30,235
And a couple of people saying middle of
the, the down candle here too, but what's,
1251
01:10:30,325 --> 01:10:33,175
what's below these equal bodies here.
1252
01:10:34,915 --> 01:10:36,445
The wicks only traded down there, right?
1253
01:10:37,525 --> 01:10:42,025
So the bulk of the volume is here and
we shown a willingness to go higher.
1254
01:10:42,805 --> 01:10:48,235
And this is also above what the
base of this swing starts down here.
1255
01:10:48,685 --> 01:10:49,705
This is the beginning point.
1256
01:10:50,335 --> 01:10:52,675
So that order block here
is what is the parent.
1257
01:10:53,095 --> 01:10:57,835
This is what stems, all of the buying
from this level here, 1 29, 34, the
1258
01:10:57,835 --> 01:11:02,455
middle of that down candle, everything
above that price point needs to
1259
01:11:02,455 --> 01:11:04,735
be subordinate to this level here.
1260
01:11:04,735 --> 01:11:09,685
So this is like the basic pivot
point when price moves away from
1261
01:11:09,685 --> 01:11:12,355
that, anytime it creates a down
candle price needs to support.
1262
01:11:14,675 --> 01:11:16,865
We trade through this down
candle to run the stops.
1263
01:11:16,895 --> 01:11:20,375
And then we show a willingness to
be, uh, respecting the same level of
1264
01:11:20,405 --> 01:11:21,965
mean threshold of this down candle.
1265
01:11:22,355 --> 01:11:25,655
So we see willingness to buying
here, but we now have this
1266
01:11:25,655 --> 01:11:27,305
new bullish, shorter block.
1267
01:11:27,875 --> 01:11:31,535
So what is this order block
relative to this order block?
1268
01:11:33,415 --> 01:11:39,475
Is this or blocked subordinate or should
it support this buying candle over here?
1269
01:11:40,075 --> 01:11:41,815
Or should we expect this
candle to be given up?
1270
01:11:43,805 --> 01:11:44,615
It supports it?
1271
01:11:45,815 --> 01:11:48,575
So if it's going to support the
bind that was established here,
1272
01:11:49,085 --> 01:11:53,045
the air arche is that this candle
should not give up it's ground.
1273
01:11:55,115 --> 01:11:58,205
So in incest, in essence, it
becomes a propulsion candle.
1274
01:11:58,475 --> 01:12:01,415
It needs to propel price
away from its parent.
1275
01:12:01,925 --> 01:12:04,985
This establishes the order
flow this down candle.
1276
01:12:05,135 --> 01:12:06,485
Why just price moves higher.
1277
01:12:07,085 --> 01:12:08,615
We have an impulse price swing here.
1278
01:12:09,155 --> 01:12:12,035
Price comes down, respects
the initial order blocks.
1279
01:12:12,795 --> 01:12:13,335
The downtowns.
1280
01:12:13,335 --> 01:12:16,065
That means where all the buying
originally started from when it
1281
01:12:16,065 --> 01:12:19,005
traded to it again, it showed
willingness to support that idea.
1282
01:12:19,035 --> 01:12:19,305
Why?
1283
01:12:19,305 --> 01:12:23,475
Because price moved away quickly because
it moves through that down candle.
1284
01:12:23,475 --> 01:12:25,455
This is now a propulsion candle.
1285
01:12:25,635 --> 01:12:28,845
This candle is not allowed to
give up its mean threshold.
1286
01:12:28,845 --> 01:12:29,655
It can not do it.
1287
01:12:29,655 --> 01:12:30,255
If it does.
1288
01:12:30,465 --> 01:12:31,665
The trade is no good.
1289
01:12:33,045 --> 01:12:33,855
It's no good.
1290
01:12:34,785 --> 01:12:36,315
You cannot hold a trade any longer.
1291
01:12:36,405 --> 01:12:38,655
You don't need it to trade down
here and get close to your thought.
1292
01:12:38,655 --> 01:12:40,575
And you just know once the middle
of this candle is given up its
1293
01:12:40,575 --> 01:12:43,155
ghost, it's over Colossae trade.
1294
01:12:43,185 --> 01:12:44,235
Wait for the next opportunity.
1295
01:12:45,075 --> 01:12:48,045
If you don't listen to me and
take that in your notes and use
1296
01:12:48,045 --> 01:12:51,555
it in your charts, you're going
to lose money more than you need.
1297
01:12:55,095 --> 01:12:56,895
What do I mean by what
does it mean by giving up?
1298
01:12:56,985 --> 01:13:00,795
You don't want to see this down candle
violated with pricing going down.
1299
01:13:04,380 --> 01:13:07,349
In other words, once this down candle
forms and it supports the previous
1300
01:13:07,349 --> 01:13:10,769
order block, you don't want this
candle to give up the ground that
1301
01:13:10,769 --> 01:13:12,240
it's building the idea of support.
1302
01:13:12,269 --> 01:13:16,290
If price trades down through it died,
idea is it's going to keep going lower.
1303
01:13:17,250 --> 01:13:17,969
Does that make sense?
1304
01:13:17,969 --> 01:13:18,240
Now
1305
01:13:26,679 --> 01:13:28,630
you don't want to see the middle
of the body of the candle.
1306
01:13:29,349 --> 01:13:30,429
That's the main threshold.
1307
01:13:31,809 --> 01:13:35,799
Think about the name I gave it mean
threshold means that's the ma if the
1308
01:13:35,799 --> 01:13:40,030
middle of the candle, and it's a threshold
at which you do not want to see price
1309
01:13:40,030 --> 01:13:43,809
go down below when it's a bullshitter
block and you don't want to see price
1310
01:13:43,809 --> 01:13:45,849
go above it when a bear shorter block.
1311
01:13:46,900 --> 01:13:52,075
So if this is a down candle, which is when
we know smart money is okay, If trade,
1312
01:13:52,255 --> 01:13:56,455
if the price traits up through it, the
down candle needs to be divided in half.
1313
01:13:56,995 --> 01:13:59,785
It's going to be supporting price
from the middle point of that
1314
01:13:59,785 --> 01:14:01,315
down candle, up to its high.
1315
01:14:01,974 --> 01:14:03,775
And you want to see price
be sensitive to that.
1316
01:14:03,775 --> 01:14:06,565
And you do not want to see
a trade down below 1 29 50.
1317
01:14:06,865 --> 01:14:09,085
And in this case, you don't
want to see your trade ever
1318
01:14:09,085 --> 01:14:10,764
trade down to a losing position.
1319
01:14:10,764 --> 01:14:14,455
Again, if it does probability
shift to very, very unlikely.
1320
01:14:15,865 --> 01:14:21,325
So now, like what my question is, is
if you know you're in at 1 29 50, and
1321
01:14:21,325 --> 01:14:26,065
your stock originated at 1 29 20, and
you see this price action here, do you
1322
01:14:26,065 --> 01:14:27,894
want to jam your stop up the breakeven?
1323
01:14:33,115 --> 01:14:33,985
No, you don't.
1324
01:14:34,315 --> 01:14:35,215
You don't want to do that.
1325
01:14:35,545 --> 01:14:37,434
You do want to reduce the risk.
1326
01:14:38,125 --> 01:14:44,605
So you can go up to this price point here
1 29 34, because it's highly unlikely.
1327
01:14:44,605 --> 01:14:45,715
It's gonna get back down to that level.
1328
01:14:45,715 --> 01:14:47,005
And if it does, you
don't want to be in the.
1329
01:14:50,995 --> 01:14:55,585
You want to have your stop loss in
an area where it's economical and
1330
01:14:55,585 --> 01:14:59,275
just good business for you to be out
of the trade at that point, not I'm
1331
01:14:59,275 --> 01:15:01,015
willing to take this as a maximum loss.
1332
01:15:01,015 --> 01:15:03,985
That's not how we, as professional
traders use stop loss orders.
1333
01:15:04,525 --> 01:15:09,385
The stock is at a level where you
want to be wrong, you know, you're
1334
01:15:09,385 --> 01:15:13,135
wrong on the trade idea and it
has the least impact on equity.
1335
01:15:15,455 --> 01:15:16,235
Does that make sense?
1336
01:15:24,255 --> 01:15:28,755
Your stop will be at 1
29 34 or 1 29 35 rather.
1337
01:15:28,755 --> 01:15:29,145
I'm sorry.
1338
01:15:30,405 --> 01:15:32,595
And it's because it's the middle
of this down candle right here.
1339
01:15:32,835 --> 01:15:33,435
That's where all the.
1340
01:15:39,110 --> 01:15:42,410
This is your institutional order flow
stems from this down the channel here.
1341
01:15:42,710 --> 01:15:46,310
So your, your stock goes
from 1 29, 20 to 1 29 35.
1342
01:15:46,430 --> 01:15:48,500
You've trimmed half of the risk off.
1343
01:15:49,190 --> 01:15:51,950
So now you're only
trading 1.7, five of 1%.
1344
01:15:53,420 --> 01:15:54,770
Three-quarters of 1% risk.
1345
01:15:56,180 --> 01:15:59,060
The market has had created
one little down candle here.
1346
01:15:59,300 --> 01:16:02,510
We want to watch, this is
where you had been buying.
1347
01:16:02,510 --> 01:16:09,150
You want to be watching this now, as
you watch the trade pan out, you want
1348
01:16:09,150 --> 01:16:13,560
to see sensitivity if it dips down
and there you do not want to see it go
1349
01:16:13,560 --> 01:16:16,470
down below 1 29 50, because then you
got to start worrying about whether
1350
01:16:16,470 --> 01:16:17,520
or not you want to keep that stop.
1351
01:16:19,050 --> 01:16:20,340
The next candle was it too.
1352
01:16:20,830 --> 01:16:22,500
Oh, what is this?
1353
01:16:25,680 --> 01:16:26,460
The low is what?
1354
01:16:26,640 --> 01:16:27,900
1 29 50.
1355
01:16:29,370 --> 01:16:30,510
Some of you might have gotten knocked out.
1356
01:16:33,110 --> 01:16:33,620
See that.
1357
01:16:41,210 --> 01:16:43,400
So we're watching this down candle.
1358
01:16:43,700 --> 01:16:46,310
We don't want to see it blues 1 29 50.
1359
01:16:46,970 --> 01:16:47,480
Okay.
1360
01:16:49,230 --> 01:16:50,700
What's this candle now support.
1361
01:16:50,790 --> 01:16:51,810
What is it showing us?
1362
01:16:55,940 --> 01:16:57,290
We had a down candle here.
1363
01:16:59,310 --> 01:17:00,990
What do we do now with this down candle,
1364
01:17:07,850 --> 01:17:11,870
we start monitoring whether or not
this down candle supports price going
1365
01:17:11,870 --> 01:17:13,910
higher institutional order flow.
1366
01:17:14,510 --> 01:17:16,250
Your reference point now is this one.
1367
01:17:17,270 --> 01:17:18,530
It's now down candle.
1368
01:17:18,650 --> 01:17:22,040
So if we see higher pricing that we know
that they bought down in this down candle,
1369
01:17:25,240 --> 01:17:26,110
how about this candle?
1370
01:17:26,140 --> 01:17:27,910
Does this support your
idea of looking for hybrid?
1371
01:17:34,280 --> 01:17:34,970
How about that?
1372
01:17:41,850 --> 01:17:42,360
Okay.
1373
01:17:42,630 --> 01:17:46,650
So when you're watching trades pan
out the way you're managing your
1374
01:17:46,650 --> 01:17:48,780
trade, you got to keep in context.
1375
01:17:48,780 --> 01:17:50,520
What you framed the
trade around initially.
1376
01:17:50,580 --> 01:17:52,170
W what was the beginning basis point?
1377
01:17:52,800 --> 01:17:53,940
It's this down candle.
1378
01:17:54,240 --> 01:17:58,320
We had impulse price lag it
retraces down, clear out some stops.
1379
01:17:58,980 --> 01:18:02,430
Our limit order was the worst possible
entry for a long, which is 1 29 50.
1380
01:18:02,430 --> 01:18:03,330
It's the highest end.
1381
01:18:03,330 --> 01:18:05,550
It could have been a little bit
lower to then below the lows over
1382
01:18:05,550 --> 01:18:09,750
here, a 1 29 45 could have been.
1383
01:18:11,430 --> 01:18:17,100
So using this idea when we're watching
price, this is a, this is two to one
1384
01:18:17,100 --> 01:18:20,100
reward to risk buying at 1 29 50.
1385
01:18:21,000 --> 01:18:25,230
Getting out with a move
above the old highs.
1386
01:18:35,690 --> 01:18:38,720
1 30, 40 there's three to one right there.
1387
01:18:40,470 --> 01:18:48,540
So if you risked one and a half percent
buying at 1 29 50 and price goes up too,
1388
01:18:52,580 --> 01:18:54,590
1 30, 50, it's a hundred pips.
1389
01:18:55,940 --> 01:18:58,130
What, what did you actually make?
1390
01:19:02,860 --> 01:19:03,460
3, 2, 1.
1391
01:19:03,460 --> 01:19:05,380
So what's three times,
one and a half percent.
1392
01:19:11,090 --> 01:19:14,960
That's four and a half percent
on one trade, one trade.
1393
01:19:17,170 --> 01:19:18,550
You're not looking for a million trades.
1394
01:19:18,550 --> 01:19:21,430
You're looking just for one set up
that you've managed and you watch
1395
01:19:21,430 --> 01:19:22,990
and you, you don't care about it.
1396
01:19:23,760 --> 01:19:25,710
Anything, except for that one trade.
1397
01:19:25,980 --> 01:19:26,940
Now think about this.
1398
01:19:27,420 --> 01:19:29,920
Remember when we were, I was asking
you about this candle here and
1399
01:19:29,920 --> 01:19:30,990
we went trades through it here.
1400
01:19:31,050 --> 01:19:33,390
All the institutional
focus is on what candle?
1401
01:19:33,930 --> 01:19:34,620
This one, right?
1402
01:19:39,850 --> 01:19:42,280
Remember I told you when we saw
this candle here, trade down
1403
01:19:42,520 --> 01:19:43,420
and it trades off through it.
1404
01:19:43,540 --> 01:19:46,180
All of your attention goes
onto this candle right here.
1405
01:19:49,020 --> 01:19:50,460
What just took place over here?
1406
01:19:55,000 --> 01:19:55,900
What are you seeing
1407
01:20:13,860 --> 01:20:17,850
to see that what's
actually happening in here?
1408
01:20:21,100 --> 01:20:21,790
Exactly.
1409
01:20:21,790 --> 01:20:22,690
It's re accumulation.
1410
01:20:22,690 --> 01:20:24,850
They're recapitalizing,
a bullish order block.
1411
01:20:28,750 --> 01:20:30,160
Do you think there was
some buying in here?
1412
01:20:34,250 --> 01:20:36,080
So what are we, what
am I highlighting here?
1413
01:20:36,080 --> 01:20:37,280
Look at the buyers of the candles.
1414
01:20:37,280 --> 01:20:40,970
See how the wicks dip down
into that candle here.
1415
01:20:42,769 --> 01:20:45,410
You're dipping into that
candle absorbing more.
1416
01:20:45,500 --> 01:20:45,860
What?
1417
01:20:46,160 --> 01:20:47,240
What's below this low.
1418
01:20:49,220 --> 01:20:51,620
I was asking you a question earlier
when we first started this trade idea,
1419
01:20:51,620 --> 01:20:54,980
as an example, everybody's really
quick to do what with their stop-loss
1420
01:20:58,740 --> 01:21:02,610
move it up, move it on up and jam on it.
1421
01:21:03,900 --> 01:21:04,830
You can't do that.
1422
01:21:05,590 --> 01:21:09,840
You ha you have to allow institutional
order flow to indicate when it's
1423
01:21:09,840 --> 01:21:11,880
probable for you to move your stop up.
1424
01:21:13,920 --> 01:21:16,110
When we're looking at a bullish
move, where is all your phones?
1425
01:21:23,965 --> 01:21:28,705
Down candles because the down candles are
going to do what it's going to highlight.
1426
01:21:28,705 --> 01:21:28,975
What,
1427
01:21:33,145 --> 01:21:38,035
where are they institutional buying
is it's not support resistance lines.
1428
01:21:38,275 --> 01:21:38,635
Okay.
1429
01:21:39,085 --> 01:21:41,485
You need to be focusing on the
down candles when order flow
1430
01:21:41,485 --> 01:21:42,775
is suggested to go higher.
1431
01:21:42,925 --> 01:21:45,595
In other words, if the trend, if you
want to say it like that, if the trend
1432
01:21:45,595 --> 01:21:48,685
is moving higher, if you think it's
going to be higher, if you look at all
1433
01:21:48,685 --> 01:21:50,935
your price charts and this exactly what
I want you to do, because you're going
1434
01:21:50,935 --> 01:21:53,845
to find out by the end of this week,
how many opportunities there are for
1435
01:21:53,845 --> 01:21:56,305
you to easily do 6% every single month.
1436
01:21:56,845 --> 01:21:58,255
This is just one trade idea.
1437
01:21:58,645 --> 01:21:58,975
Okay.
1438
01:21:58,975 --> 01:22:03,175
And I believe me, I can, I'm going
to use even less favorable conditions
1439
01:22:03,775 --> 01:22:05,875
and show you how it's very easy.
1440
01:22:05,875 --> 01:22:07,125
And in fact, we're going to do.
1441
01:22:08,160 --> 01:22:10,530
One and a half percent live this
week, I'm going to do a trade
1442
01:22:10,530 --> 01:22:11,640
or an outline, the whole thing.
1443
01:22:11,730 --> 01:22:13,970
We're going to do it live in here
and see, and we can see it and
1444
01:22:13,980 --> 01:22:17,340
want to do this every single week
of the entire month of October.
1445
01:22:17,880 --> 01:22:21,750
And I'm going to show you framing
it, how 6% is absolutely easy.
1446
01:22:22,110 --> 01:22:24,690
You're going to know why I'm doing
it, where the stock is going to
1447
01:22:24,690 --> 01:22:26,280
be, where we move, all that stuff.
1448
01:22:26,280 --> 01:22:29,250
You're going to see all this stuff
before it happens and explain it to you.
1449
01:22:29,430 --> 01:22:29,850
Okay?
1450
01:22:30,270 --> 01:22:33,060
But conceptually, everything I'm
showing you here is everything that
1451
01:22:33,060 --> 01:22:35,130
we lead you into on the first month.
1452
01:22:38,300 --> 01:22:46,490
So if we have an expectation that we
wanted to be a buyer down here relative
1453
01:22:46,490 --> 01:22:50,330
to the swing that was here to here,
let me take all this business off now.
1454
01:22:53,800 --> 01:22:53,980
Okay.
1455
01:22:53,980 --> 01:22:56,770
Their impulse price swing was
from this low up to this high.
1456
01:22:56,770 --> 01:22:57,670
Why is that important?
1457
01:22:57,850 --> 01:23:00,100
Because it broke market
structure on the upside.
1458
01:23:00,670 --> 01:23:01,180
Are you ever here?
1459
01:23:01,870 --> 01:23:03,940
We reference old blows.
1460
01:23:04,690 --> 01:23:07,000
Was that not in your first month teaching?
1461
01:23:09,665 --> 01:23:13,565
Find your old lows, what's going
to be a blow and old, low liquidity
1462
01:23:13,565 --> 01:23:21,005
pool that liquidity pool houses or
contains what what's underneath an old
1463
01:23:21,015 --> 01:23:26,525
low sell stock or selling liquidity.
1464
01:23:29,965 --> 01:23:33,805
If the market goes down below an old low,
and we think the market's going higher,
1465
01:23:34,525 --> 01:23:38,965
uh, institutionally our assumptions
are immediately if a low is being
1466
01:23:38,965 --> 01:23:41,185
violated, what trading pattern is this?
1467
01:23:43,425 --> 01:23:44,685
Alan already knew where I
was going to say before.
1468
01:23:44,685 --> 01:23:44,985
I said it.
1469
01:23:44,985 --> 01:23:47,655
See, I see that your anticipatory
skills are already going on now.
1470
01:23:48,495 --> 01:23:48,975
Awesome.
1471
01:23:51,065 --> 01:23:55,505
So you're thinking that anything below
this low, that's a buying opportunity.
1472
01:23:56,945 --> 01:23:58,595
Retail's not going to think this.
1473
01:23:59,045 --> 01:24:00,665
They're going to think
this is support broken.
1474
01:24:00,695 --> 01:24:03,065
It's going lower because
they're going to see this.
1475
01:24:03,915 --> 01:24:04,785
Tweezers.
1476
01:24:04,844 --> 01:24:07,755
Hi, I'm a false breakout.
1477
01:24:08,385 --> 01:24:09,045
A guarantee.
1478
01:24:09,045 --> 01:24:10,995
If I pull up some kind of indicator,
it's gonna probably gonna give me
1479
01:24:10,995 --> 01:24:12,434
some kind of a bears diverges in here.
1480
01:24:12,465 --> 01:24:14,355
Let me just do it because I
like doing that kind of stuff.
1481
01:24:15,135 --> 01:24:16,844
I like beating up on what
I used to believe in.
1482
01:24:17,835 --> 01:24:19,335
I used to believe this
crap I'm telling you.
1483
01:24:19,335 --> 01:24:19,905
It's crazy.
1484
01:24:25,465 --> 01:24:25,705
All right.
1485
01:24:25,705 --> 01:24:29,665
So here's your higher, high, higher high,
and look at these indicators right here.
1486
01:24:29,965 --> 01:24:32,575
This is absolutely a cell.
1487
01:24:33,865 --> 01:24:35,245
Look at that right here.
1488
01:24:35,245 --> 01:24:35,755
Look at that.
1489
01:24:36,684 --> 01:24:40,315
Is that not a classic textbook bear cell?
1490
01:24:42,525 --> 01:24:43,485
I'm all over that.
1491
01:24:44,085 --> 01:24:47,014
That's that's obviously one
of those bears wombat patterns
1492
01:24:47,025 --> 01:24:48,764
is a harmonic bears wombat.
1493
01:24:49,125 --> 01:24:49,485
Okay.
1494
01:24:49,485 --> 01:24:52,065
And what you want to do is you
want to sell short here and use
1495
01:24:52,065 --> 01:24:56,175
your, uh, you know, I don't know
where your stop would be, but the
1496
01:24:56,175 --> 01:24:57,585
wombats are really high probability.
1497
01:24:57,585 --> 01:24:59,925
So you can just get short there
and just wait for a thousand pips
1498
01:24:59,925 --> 01:25:00,675
and everything will be great.
1499
01:25:01,425 --> 01:25:02,715
But the problem is that
that's not what happen.
1500
01:25:03,795 --> 01:25:07,155
Okay, the problem is that that does not
occur like that indicators are just going
1501
01:25:07,155 --> 01:25:13,905
to put you on the wrong side at the most
inopportune time they want, they want you
1502
01:25:13,905 --> 01:25:18,945
to think when the price has gone below
in a low that that's a break in support.
1503
01:25:18,945 --> 01:25:23,395
So therefore it's going to
be a, any indication you're
1504
01:25:23,395 --> 01:25:24,445
going to see lower pricing.
1505
01:25:25,105 --> 01:25:28,345
And it's not, it's only going down to take
out the selling side of the marketplace.
1506
01:25:32,895 --> 01:25:33,255
Okay.
1507
01:25:33,255 --> 01:25:38,955
So when you understand institutional
order flow, you're looking for
1508
01:25:38,985 --> 01:25:41,535
obviously indications that they
want to take the price higher.
1509
01:25:42,015 --> 01:25:44,745
How do we know that it has
to take out a previous high?
1510
01:25:45,765 --> 01:25:46,185
Okay.
1511
01:25:46,635 --> 01:25:49,485
And if you can frame something down
here on an institutional basis that
1512
01:25:49,485 --> 01:25:51,975
supports price going higher, you wait.
1513
01:25:53,265 --> 01:25:55,575
You're not waiting for some neon sign.
1514
01:25:55,605 --> 01:25:55,965
Okay.
1515
01:25:55,965 --> 01:25:59,205
Or some voice from the heavens to speak to
you and say, Hey, look, it's time to buy.
1516
01:25:59,445 --> 01:26:01,965
You're waiting for price to break
through a previous swing high.
1517
01:26:02,235 --> 01:26:04,425
When it does that, we
have an impulse price lag.
1518
01:26:05,085 --> 01:26:06,885
You wait for price to
go below equilibrium.
1519
01:26:07,275 --> 01:26:10,545
And if you can couple it with
an old low that's a loaded deal.
1520
01:26:11,685 --> 01:26:13,605
You know, they're going to take price
down here, take the liquidity out.
1521
01:26:13,665 --> 01:26:15,885
And then you watch price go higher.
1522
01:26:15,885 --> 01:26:19,755
And you, every time it creates a new
down candle, you monitor how much
1523
01:26:19,755 --> 01:26:21,405
sensitivity there is in that candle.
1524
01:26:21,765 --> 01:26:22,305
Look at this.
1525
01:26:23,445 --> 01:26:24,075
It's obvious.
1526
01:26:24,075 --> 01:26:24,435
Isn't it.
1527
01:26:26,885 --> 01:26:30,575
Now for those that just started, that
didn't get a chance to watch all the
1528
01:26:30,575 --> 01:26:34,145
videos on a day-to-day basis where we were
talking about moves before the fact go
1529
01:26:34,145 --> 01:26:35,525
into specific levels and all that stuff.
1530
01:26:35,755 --> 01:26:38,675
This has got to feel like, oh, this
is the same old hindsight crap.
1531
01:26:39,305 --> 01:26:41,045
There's hindsight in this teaching.
1532
01:26:41,045 --> 01:26:42,695
It has to be otherwise, you're
never going to learn what I'm
1533
01:26:42,695 --> 01:26:45,395
talking about, but it's consistent.
1534
01:26:45,485 --> 01:26:47,315
It happens every single trading day.
1535
01:26:47,825 --> 01:26:49,775
But if you don't see these
things, conceptually.
1536
01:26:51,135 --> 01:26:54,885
You're not going to understand why I'll
explain it to you in just a few examples.
1537
01:26:54,885 --> 01:26:56,265
I'm going to show you over
the course of this month.
1538
01:26:57,015 --> 01:26:59,445
It needs to be seen in
your chart studying it.
1539
01:26:59,805 --> 01:27:00,225
Okay.
1540
01:27:00,705 --> 01:27:05,535
So four and a half percent
payout just on one trade.
1541
01:27:05,805 --> 01:27:09,825
So if you have an objective that
you're trying to make one and a half
1542
01:27:09,825 --> 01:27:15,525
percent return, all you needed to do
is see 1 29 80 to pay that, which was
1543
01:27:15,525 --> 01:27:17,055
down here from your buying down here.
1544
01:27:17,955 --> 01:27:19,335
That right there is your
one and a half percent.
1545
01:27:20,265 --> 01:27:22,125
It did that in two hours, three hours.
1546
01:27:22,125 --> 01:27:23,415
If you want to count the down, move here.
1547
01:27:24,135 --> 01:27:27,555
So inside of two and a half,
three hours, you've made your one
1548
01:27:27,555 --> 01:27:28,515
and a half percent for the week.
1549
01:27:28,605 --> 01:27:30,015
And look, how much movement was there?
1550
01:27:30,405 --> 01:27:31,095
Was that a lot?
1551
01:27:36,765 --> 01:27:40,485
How much, how much time were you in
the marketplace to make that 100%
1552
01:27:44,205 --> 01:27:45,075
not long at all?
1553
01:27:45,885 --> 01:27:46,965
Not long at all.
1554
01:27:49,900 --> 01:27:57,730
If we understand, excuse me,
if we understand that this is a
1555
01:27:57,730 --> 01:28:00,220
phenomenon that repeats itself
over and over and over again.
1556
01:28:00,490 --> 01:28:00,910
Okay.
1557
01:28:03,480 --> 01:28:08,070
If we wait for opportunities,
market makes a highs.
1558
01:28:08,340 --> 01:28:08,760
Okay.
1559
01:28:09,269 --> 01:28:11,160
What happens to your market trades down?
1560
01:28:11,430 --> 01:28:16,410
It blows through an old, low,
well, what does that mean?
1561
01:28:17,460 --> 01:28:19,650
Institutional workload is
now shifted to the downside
1562
01:28:22,900 --> 01:28:24,190
so we can now do what?
1563
01:28:25,599 --> 01:28:28,599
Wait, we hurry up and wait,
1564
01:28:32,890 --> 01:28:35,380
we have a high down to this low.
1565
01:28:35,380 --> 01:28:36,580
Why am I picking this load?
1566
01:28:36,580 --> 01:28:38,470
Because this is the one that
starts seeing the price movement.
1567
01:28:39,330 --> 01:28:43,830
All these, all these lows in here are
all used in the time that they form,
1568
01:28:44,070 --> 01:28:45,629
but it never gets above equilibrium.
1569
01:28:45,809 --> 01:28:46,860
And I'll show you what I mean by that.
1570
01:28:47,429 --> 01:28:51,480
As price makes each one of these new lows
from this price swing down after it breaks
1571
01:28:51,480 --> 01:28:53,969
these lows over here, price expands lower.
1572
01:28:54,330 --> 01:28:57,419
Does equilibrium get traded
to from this low here?
1573
01:28:57,450 --> 01:28:58,679
No, it just keeps going lower.
1574
01:28:58,710 --> 01:29:02,339
So you keep moving your
fed to the next level.
1575
01:29:02,940 --> 01:29:04,440
Does it get up to equilibrium here?
1576
01:29:04,559 --> 01:29:05,370
Not on that low.
1577
01:29:05,400 --> 01:29:06,150
It goes lower.
1578
01:29:07,650 --> 01:29:08,549
How about this low here?
1579
01:29:09,599 --> 01:29:11,070
It goes up through equilibrium.
1580
01:29:11,099 --> 01:29:12,540
It goes right up to what, what is this?
1581
01:29:14,950 --> 01:29:15,460
What is that?
1582
01:29:20,330 --> 01:29:21,980
Is that a discount or a premium?
1583
01:29:27,599 --> 01:29:28,440
It's at a premium.
1584
01:29:29,879 --> 01:29:31,650
We sell at premiums.
1585
01:29:32,009 --> 01:29:35,040
We want to sell it at a high
price with the expectation of
1586
01:29:35,040 --> 01:29:36,570
a buying it back at a discount.
1587
01:29:36,570 --> 01:29:37,530
And we captured a difference in.
1588
01:29:38,550 --> 01:29:42,240
So, if we are looking at
this retracement here, okay.
1589
01:29:42,810 --> 01:29:47,700
Price trades up to here, what would
we, you say we expect to see in
1590
01:29:47,700 --> 01:29:49,560
terms of where your stock would be.
1591
01:29:49,560 --> 01:29:51,540
If you wanted to be a seller up here,
we're just going to say you sold
1592
01:29:51,540 --> 01:29:53,010
it right in at 62% basement level.
1593
01:29:53,880 --> 01:29:55,710
That's the bottom of
this up candle in here.
1594
01:29:56,610 --> 01:29:59,580
It's inside the bulk of this
wick on this top candle here.
1595
01:29:59,760 --> 01:30:02,400
There's a lot of selling indications
in that area right there.
1596
01:30:03,269 --> 01:30:05,850
So you can look to be a
seller and have a stop.
1597
01:30:06,030 --> 01:30:09,300
What above here, where your stock
would be oppose of, uh, of over here.
1598
01:30:13,010 --> 01:30:14,330
Some of you took the bait on that.
1599
01:30:19,010 --> 01:30:20,390
Your stop-loss would be above here.
1600
01:30:20,390 --> 01:30:20,690
Right?
1601
01:30:20,750 --> 01:30:25,000
As I was just saying, if you wanted
to sell down here, your stops up here.
1602
01:30:27,990 --> 01:30:29,640
What's this candle over here, this up one.
1603
01:30:29,880 --> 01:30:32,010
This last up candle, right
before the move down.
1604
01:30:32,250 --> 01:30:32,680
What is this?
1605
01:30:32,680 --> 01:30:33,600
Stop candle in the cake.
1606
01:30:38,460 --> 01:30:41,310
It's a bearish order block
who sells in up moves,
1607
01:30:45,250 --> 01:30:47,080
banks, institutions, smart money.
1608
01:30:47,560 --> 01:30:51,820
So rate the rate above the middle of
this candle is where your stock would be.
1609
01:30:58,910 --> 01:31:00,500
Well, this around until near five levels.
1610
01:31:02,180 --> 01:31:02,360
Okay.
1611
01:31:02,360 --> 01:31:06,290
So 1 30, 45 above the means
threshold of this stop candle.
1612
01:31:06,920 --> 01:31:10,070
Plus you had to Defence above
any rum on these equal highs.
1613
01:31:10,610 --> 01:31:12,350
So if you get short here, I
don't know what that price is.
1614
01:31:12,350 --> 01:31:17,960
This thing's in my way, say
sold short at a 1 30, 15, or
1615
01:31:17,960 --> 01:31:20,180
1 30, 10 once every 10 nights.
1616
01:31:20,180 --> 01:31:21,290
And I run a nice round number.
1617
01:31:21,920 --> 01:31:22,130
Okay.
1618
01:31:22,130 --> 01:31:27,050
It may have had about a 10 tips draw
down as it ran into through that level.
1619
01:31:27,980 --> 01:31:28,400
Okay.
1620
01:31:30,440 --> 01:31:33,440
So you have to have a staff of 1 30, 45.
1621
01:31:34,275 --> 01:31:36,375
Selling it 1 30 10.
1622
01:31:37,665 --> 01:31:40,425
So how much has your, how much
is your stuff in terms of tips?
1623
01:31:44,705 --> 01:31:45,635
35 pips.
1624
01:31:46,025 --> 01:31:48,035
Wait a minute, Michael, wait a minute.
1625
01:31:48,035 --> 01:31:49,865
You said 30 pips is the average stock.
1626
01:31:49,895 --> 01:31:50,315
Yeah, it is.
1627
01:31:50,315 --> 01:31:51,425
That's the average is X.
1628
01:31:51,665 --> 01:31:54,995
You want to, you want to have trades
that give you about a 30 PIP stock.
1629
01:31:55,025 --> 01:31:57,425
If you're trading on an intraday
basis and you're trading the daily
1630
01:31:57,425 --> 01:32:03,545
range, 30 pips is about right,
but we're trading swing trades.
1631
01:32:03,695 --> 01:32:05,165
These are intraday swing trades.
1632
01:32:05,825 --> 01:32:07,715
So you're going to have to frame
it on what the institutional
1633
01:32:07,715 --> 01:32:08,675
or flow is giving you.
1634
01:32:09,215 --> 01:32:12,715
So if you're locking your limit to
only taking trades with 30 pips,
1635
01:32:12,715 --> 01:32:13,955
you're gonna miss some opportunities.
1636
01:32:14,315 --> 01:32:14,705
Okay.
1637
01:32:15,035 --> 01:32:17,405
So in here we have a 35 pips stop.
1638
01:32:18,695 --> 01:32:19,985
So if we have 35 picks.
1639
01:32:32,765 --> 01:32:37,745
There's your 35 PIP stop
from that point on lower.
1640
01:32:39,675 --> 01:32:41,115
There's your one-to-one right there.
1641
01:32:41,325 --> 01:32:43,575
If it gets down to this price
point here, you've already made.
1642
01:32:43,575 --> 01:32:50,265
One-to-one now forget that don't
count the money institutional in order
1643
01:32:50,265 --> 01:32:52,245
flow wise, if we're selling here.
1644
01:32:53,144 --> 01:32:53,505
Okay.
1645
01:32:53,505 --> 01:32:58,575
And it's at a premium, where are you
looking for price to go and wine at
1646
01:32:58,575 --> 01:33:01,965
this price point here, obviously it's in
your charts, but I'm saying specifically
1647
01:33:01,965 --> 01:33:05,865
conceptually where's institutional order
flow, going to seek liquidity at next.
1648
01:33:09,135 --> 01:33:09,675
Awesome.
1649
01:33:09,765 --> 01:33:10,215
Awesome.
1650
01:33:10,575 --> 01:33:12,285
Below this low right
1651
01:33:16,275 --> 01:33:16,605
now.
1652
01:33:16,635 --> 01:33:18,975
Think what else is on this chart?
1653
01:33:20,565 --> 01:33:21,705
Keep going over to the left.
1654
01:33:21,705 --> 01:33:22,305
What do you see?
1655
01:33:24,345 --> 01:33:25,155
Ben already saw it.
1656
01:33:25,875 --> 01:33:26,715
What's down here.
1657
01:33:26,745 --> 01:33:34,125
What's below these equal lows candy land,
all kinds of cell stops below there.
1658
01:33:34,545 --> 01:33:39,345
So at the market wants to be sold at a
premium where's the most logical area
1659
01:33:39,345 --> 01:33:44,925
where they're going to have the biggest
injection of willing participants to
1660
01:33:44,925 --> 01:33:47,055
sell to because they have to buy it back.
1661
01:33:47,055 --> 01:33:49,575
If you're short to get out of your
short position, you'd have to do what
1662
01:33:53,535 --> 01:33:54,405
you got to buy it back.
1663
01:33:55,275 --> 01:33:58,725
So you have to have participants to
be willing to do what sell it to you.
1664
01:34:01,555 --> 01:34:06,985
So the institutional perspective is the
bank is the bank is the supply house.
1665
01:34:07,225 --> 01:34:09,385
They are always on the sell
side of the marketplace.
1666
01:34:09,835 --> 01:34:13,285
So they have to engineer and you sell me
if this is not true, you're going to see
1667
01:34:13,285 --> 01:34:15,625
more double bottoms form in price action.
1668
01:34:15,625 --> 01:34:16,045
Then there are.
1669
01:34:17,815 --> 01:34:22,675
And the reason why is because they have
to engineer liquidity in the form of
1670
01:34:22,795 --> 01:34:29,985
putting suggestions into price action,
that this is a support level because the
1671
01:34:30,045 --> 01:34:35,085
normal capacity of delivery of price is
that the central bank is the supplier.
1672
01:34:35,295 --> 01:34:37,755
They provide the sell side of
the marketplace all the time.
1673
01:34:37,755 --> 01:34:38,805
They're the liquidity provider.
1674
01:34:39,495 --> 01:34:44,025
So they have to engineer willing
participants on the fund level to
1675
01:34:44,025 --> 01:34:46,935
be counterparties at the sell side.
1676
01:34:47,265 --> 01:34:50,355
That way, when they, when they're
going short, they have to have folks
1677
01:34:50,355 --> 01:34:53,595
believing that there's a reason
to put a sell stock below there.
1678
01:34:53,595 --> 01:34:56,745
And then when price reaches for that
level, those orders become what sell
1679
01:34:56,745 --> 01:35:00,315
orders at the market, which is where
the market order, Martin, sorry,
1680
01:35:00,315 --> 01:35:04,575
market makers pair up their orders
on shorts to cover or buy back from
1681
01:35:04,965 --> 01:35:06,555
those willing participants to sell it.
1682
01:35:07,935 --> 01:35:08,895
Do you understand it now?
1683
01:35:10,005 --> 01:35:13,035
So if we understand that this
is where we're selling and
1684
01:35:13,035 --> 01:35:14,415
we've, we've outlined our stock.
1685
01:35:15,600 --> 01:35:18,540
If we're aiming using
institutional or flow
1686
01:35:28,830 --> 01:35:36,150
1, 1, 2, 3, 3, 2, 1 a run on these
stops right here, right on that
1687
01:35:36,150 --> 01:35:39,030
candle at 1 29 0 5, whatever it is.
1688
01:35:39,450 --> 01:35:39,810
Okay.
1689
01:35:39,990 --> 01:35:41,010
There's your three to one.
1690
01:35:45,160 --> 01:35:48,280
So if you're risking one and a
half percent selling here, but a
1691
01:35:48,290 --> 01:35:52,330
stop here, all we did was reverse
the idea we used over here.
1692
01:35:52,540 --> 01:35:53,290
Just want to sell.
1693
01:35:57,140 --> 01:35:58,850
This is where you would
reach for liquidity.
1694
01:35:58,850 --> 01:36:02,210
The market should expand down,
not to just any old level.
1695
01:36:02,840 --> 01:36:03,320
Okay.
1696
01:36:04,730 --> 01:36:06,290
Not to fly in swirl pattern.
1697
01:36:07,010 --> 01:36:09,380
It's going to go where the
liquidity is right below these lows.
1698
01:36:13,710 --> 01:36:14,370
Look at the expenses.
1699
01:36:18,525 --> 01:36:19,065
See that.
1700
01:36:19,635 --> 01:36:25,455
So in the span of one week, well,
of course it will be equivalent to
1701
01:36:25,455 --> 01:36:31,185
one week or really just three days,
three days trading that's 9% return.
1702
01:36:34,805 --> 01:36:35,225
Right?
1703
01:36:40,855 --> 01:36:48,295
So my question is this, if you
have low objectives, which is
1704
01:36:48,295 --> 01:36:52,825
what we're talking about over
here, 6% per month, start there.
1705
01:36:53,695 --> 01:36:55,105
You have to have a target.
1706
01:36:55,825 --> 01:36:59,065
If this is not a good target to
start with, I would tell you,
1707
01:36:59,605 --> 01:37:01,015
but it is, it's a good target.
1708
01:37:01,915 --> 01:37:04,525
Everybody does what with
their training, y'all risk 2%
1709
01:37:05,395 --> 01:37:06,655
sometimes trade more than that.
1710
01:37:07,645 --> 01:37:10,525
But if you can't make a trade that
pays that same amount of risk,
1711
01:37:11,425 --> 01:37:12,385
why are you putting the trades?
1712
01:37:14,355 --> 01:37:18,705
So if we can frame a trade that
pays us one and a half percent, and
1713
01:37:18,705 --> 01:37:22,605
obviously we've seen very little
is necessary to make that, see the
1714
01:37:22,605 --> 01:37:28,514
folks that tell you don't have these
targets, don't have a weekly objective.
1715
01:37:28,965 --> 01:37:30,705
Cause you don't know what the
market's going to give you.
1716
01:37:31,065 --> 01:37:33,135
That is a load of crap.
1717
01:37:33,735 --> 01:37:37,095
That's coming from somebody that does know
has no idea what they're talking about.
1718
01:37:37,394 --> 01:37:38,925
They have no idea how to be consistent.
1719
01:37:38,925 --> 01:37:39,915
They aren't making money.
1720
01:37:40,065 --> 01:37:40,455
Okay.
1721
01:37:40,724 --> 01:37:44,144
They're only talking to you from
a myopic stance that they have
1722
01:37:44,144 --> 01:37:45,255
not been able to do it themselves.
1723
01:37:45,345 --> 01:37:48,525
So therefore everybody else has to
be forced in that same equation.
1724
01:37:48,825 --> 01:37:50,385
You can't do it either because I can't.
1725
01:37:50,505 --> 01:37:54,675
I'm telling you, you can,
you absolutely can do this.
1726
01:37:54,974 --> 01:37:57,165
And now look, did I switch pairs?
1727
01:37:57,554 --> 01:37:58,724
Did I go to a different pair?
1728
01:38:00,945 --> 01:38:02,205
We stayed in one currency pair.
1729
01:38:02,205 --> 01:38:02,474
Right?
1730
01:38:05,215 --> 01:38:06,505
Did I change timeframe?
1731
01:38:12,014 --> 01:38:15,674
You do not need 50 frigging payers.
1732
01:38:16,275 --> 01:38:17,295
You don't need five.
1733
01:38:17,745 --> 01:38:18,795
You don't need 20.
1734
01:38:18,945 --> 01:38:19,365
Okay.
1735
01:38:19,545 --> 01:38:20,415
You just need one.
1736
01:38:21,344 --> 01:38:25,785
If you understand what price is
telling you relative to premium
1737
01:38:25,785 --> 01:38:28,125
or discount, where are we at?
1738
01:38:28,125 --> 01:38:29,295
Institutional order flow?
1739
01:38:29,325 --> 01:38:33,315
Are we above an old high or
below an old, low where's price
1740
01:38:33,465 --> 01:38:34,695
suggesting it's going to go.
1741
01:38:35,445 --> 01:38:36,465
Where's it supporting.
1742
01:38:36,855 --> 01:38:40,455
If, if, if prices moving higher,
every down candle should be supported.
1743
01:38:41,775 --> 01:38:42,915
Now, watch what happens.
1744
01:38:43,875 --> 01:38:48,014
We have this down candle here, price lands
through that, and it hit our objective.
1745
01:38:48,554 --> 01:38:52,184
We still have to consider this because it
has not been traded to again until here.
1746
01:38:53,085 --> 01:38:54,585
Then we see the price expand.
1747
01:38:55,455 --> 01:38:56,684
Now may have to watch this down.
1748
01:38:56,684 --> 01:38:58,005
Candle price stays above it.
1749
01:38:58,785 --> 01:39:00,075
We create a down candle here.
1750
01:39:00,075 --> 01:39:02,264
Price goes through it to have
to watch this candle here.
1751
01:39:02,535 --> 01:39:03,525
Look what happens, right?
1752
01:39:05,519 --> 01:39:09,840
What just took place on this candle
right here, relative to this one.
1753
01:39:12,820 --> 01:39:18,490
It consumed its body after an
expansive pricing action here.
1754
01:39:19,000 --> 01:39:20,830
This, this, this quick run-up.
1755
01:39:21,880 --> 01:39:25,210
When we see this down candle, give
up the ghost or go lower right here.
1756
01:39:26,410 --> 01:39:29,260
Right here on this candle
here, this body's consumed.
1757
01:39:30,490 --> 01:39:33,760
So what can we reasonably expect
this market action right here to be?
1758
01:39:34,870 --> 01:39:36,340
What was this price action in here?
1759
01:39:36,340 --> 01:39:37,179
What was going on in there?
1760
01:39:38,880 --> 01:39:40,620
It cleared out all these equal highs.
1761
01:39:44,540 --> 01:39:44,929
Okay.
1762
01:39:45,349 --> 01:39:47,090
And price does what it trades softer.
1763
01:39:48,139 --> 01:39:52,010
In fact, if you go back here and
look at it, that's the level that we
1764
01:39:52,010 --> 01:39:54,500
already noted before we talked about
this before, and I haven't ever even
1765
01:39:54,500 --> 01:39:57,290
went there before it even went there.
1766
01:39:57,290 --> 01:39:58,250
We talked about that level.
1767
01:39:59,540 --> 01:40:03,290
So here it is here, panning out in
the chart and it gives you evidence.
1768
01:40:04,155 --> 01:40:07,545
To support the idea that institutional
flow is now shifting the down
1769
01:40:07,545 --> 01:40:08,775
candle should be supporting price.
1770
01:40:08,795 --> 01:40:09,735
It's not happening here.
1771
01:40:10,125 --> 01:40:12,165
And then I watched this,
this down candle here.
1772
01:40:12,434 --> 01:40:15,375
We rate for this up move
what's occurring over here.
1773
01:40:16,275 --> 01:40:17,415
It eats rate through that.
1774
01:40:17,835 --> 01:40:18,795
So now what do we have?
1775
01:40:19,365 --> 01:40:23,144
Institutional order flow is
shifted to what side of the
1776
01:40:23,144 --> 01:40:25,035
marketplace is it still bullish?
1777
01:40:27,565 --> 01:40:28,224
It's bearish.
1778
01:40:28,674 --> 01:40:32,335
So now all you do is you wait,
you start drawing your feet from
1779
01:40:32,335 --> 01:40:35,184
your high, down your low and wait
for it to go above equilibrium.
1780
01:40:35,184 --> 01:40:39,505
If it does, then you start hunting
optimal trade entries, coupled with
1781
01:40:39,535 --> 01:40:41,695
turtle soup cells or bare shoulder blocks.
1782
01:40:41,964 --> 01:40:43,045
It's that simple.
1783
01:40:43,705 --> 01:40:46,615
And you're gonna see this pan out every
single day, the rest of this week, we're
1784
01:40:46,615 --> 01:40:51,054
going to talk about examples in hindsight,
and I'm going to share with one before
1785
01:40:51,054 --> 01:40:54,115
I even do anything with it, I'm going to
outline everything and why I'm doing it.
1786
01:40:54,655 --> 01:40:55,764
And you're going to see it unfold.
1787
01:40:56,065 --> 01:40:56,245
Okay.
1788
01:40:57,405 --> 01:41:02,925
But I want you to understand that
it's not hard to do this 6% over here.
1789
01:41:02,925 --> 01:41:04,125
It's not hard to do that at all.
1790
01:41:06,345 --> 01:41:11,355
And if you do this, if you start with the
6% model, it's easy to expand on that.
1791
01:41:12,165 --> 01:41:13,245
See, that's my point.
1792
01:41:13,245 --> 01:41:17,295
If you sold here with your risk
defined here, you only need profits
1793
01:41:17,295 --> 01:41:18,465
to get down to this level here.
1794
01:41:19,005 --> 01:41:19,545
That's it.
1795
01:41:19,935 --> 01:41:20,985
In one hour, you've already made.
1796
01:41:54,860 --> 01:41:55,370
Sorry about that.
1797
01:41:55,370 --> 01:41:57,410
I had to put a dad hat
on here for a minute.
1798
01:42:01,900 --> 01:42:05,890
So if you're selling short here and
you're trying to make that six one
1799
01:42:05,890 --> 01:42:08,320
and a half percent for the week,
as soon as you get down to this
1800
01:42:08,320 --> 01:42:09,880
level here, you've already hit it.
1801
01:42:10,570 --> 01:42:11,769
You've already hit that.
1802
01:42:15,030 --> 01:42:15,240
So.
1803
01:42:16,835 --> 01:42:21,275
Um, the notes for September
will be delivered at 9:00 PM.
1804
01:42:21,305 --> 01:42:22,565
Check the check, the thread.
1805
01:42:22,565 --> 01:42:24,875
I already had to update that last night
and told her by, through the thread.
1806
01:42:30,835 --> 01:42:33,955
So even if you weren't aiming
for these lows over here, just
1807
01:42:33,955 --> 01:42:37,615
this old, low running out, those
stops below that low right there.
1808
01:42:38,155 --> 01:42:39,085
That's enough as well.
1809
01:42:39,085 --> 01:42:40,105
That's more than two to one.
1810
01:42:41,845 --> 01:42:47,125
So again, if you're making one and a
half percent risk model, and you're
1811
01:42:47,125 --> 01:42:51,385
trying to make one to one gearing,
you make 100% on this move here.
1812
01:42:51,745 --> 01:42:54,775
And if it gets two to one,
you're making 3% right there.
1813
01:42:54,775 --> 01:42:55,795
Now check this out.
1814
01:42:56,875 --> 01:43:00,475
Say it never ever, ever gets
down to your three to one.
1815
01:43:00,805 --> 01:43:06,085
And it gives you just two to one
and you live in two to one payouts.
1816
01:43:07,165 --> 01:43:09,505
You're making over 12% a month.
1817
01:43:13,035 --> 01:43:13,305
Correct?
1818
01:43:19,395 --> 01:43:20,595
You guys fall asleep on me.
1819
01:43:23,475 --> 01:43:26,835
If you have a thousand dollar
account and you make your bread
1820
01:43:26,835 --> 01:43:28,455
and butter setups, two to one,
1821
01:43:35,095 --> 01:43:39,295
your $1,000 becomes $3,895
in the course of one year
1822
01:43:42,655 --> 01:43:45,445
in 12 months, your
thousand dollars over here.
1823
01:43:45,475 --> 01:43:46,525
If you're making 12%.
1824
01:43:46,525 --> 01:43:48,415
In other words, you're
getting 3% per week.
1825
01:43:49,975 --> 01:43:50,335
Okay.
1826
01:43:50,785 --> 01:43:53,065
Your account grows to $3,895.
1827
01:43:59,205 --> 01:44:02,865
That's over 300% return,
almost 400% return.
1828
01:44:07,935 --> 01:44:11,805
So now if you can get this
model to three to one,
1829
01:44:18,260 --> 01:44:20,570
You're making 18% plus a week.
1830
01:44:22,160 --> 01:44:23,480
I'm sorry, I'm going on a week.
1831
01:44:23,480 --> 01:44:23,960
Listen to me.
1832
01:44:25,730 --> 01:44:31,309
So if you have a thousand dollars
and you only live in 3, 2, 1 setups,
1833
01:44:35,530 --> 01:44:40,960
your $1,000 account becomes
$7,287 a year in one year.
1834
01:44:41,950 --> 01:44:42,969
And if you live there
1835
01:44:47,400 --> 01:44:50,490
in two years, at the end of the two
years, not taking any account for
1836
01:44:50,490 --> 01:44:54,059
taxation, you end up with $53,000.
1837
01:44:56,590 --> 01:44:57,519
So what do you think about that?
1838
01:45:13,995 --> 01:45:16,724
So here's your homework for
the, uh, the rest of today.
1839
01:45:16,755 --> 01:45:19,875
And as we go through this week,
I want you to go through the
1840
01:45:19,875 --> 01:45:24,434
charts and using what we've only
shown so far for the first month.
1841
01:45:24,915 --> 01:45:25,394
Okay.
1842
01:45:26,085 --> 01:45:30,255
Only using that information and what
I've outlined in terms of managing trades
1843
01:45:30,255 --> 01:45:31,485
and looking at institutional order flow.
1844
01:45:31,485 --> 01:45:34,634
As the market moves higher, you want to
look at the down candle supporting price.
1845
01:45:35,535 --> 01:45:39,255
When you look at price like this, okay,
I want you to go through your charts
1846
01:45:39,344 --> 01:45:43,094
and realistically go through just
one currency pair, whatever currency
1847
01:45:43,094 --> 01:45:46,424
pair you picked for the beginning
of this mentorship, you want to
1848
01:45:46,424 --> 01:45:48,554
understand that one pair intimately.
1849
01:45:49,304 --> 01:45:52,184
And if you go into the price action,
like more, we're showing you.
1850
01:45:53,145 --> 01:45:57,855
It will give you a plethora
of examples every single week.
1851
01:45:58,095 --> 01:46:00,135
There's an opportunity for you to do this.
1852
01:46:00,975 --> 01:46:05,175
And I want you to just reasonably
aim for three to one, okay.
1853
01:46:05,295 --> 01:46:10,755
Look for three to one conditions and
you see how often they pan out looking
1854
01:46:10,755 --> 01:46:14,565
for them in hindsight builds your
understanding of what they look like.
1855
01:46:14,745 --> 01:46:18,015
So that way, when you start seeing them
in real time, you'll know when I'm talking
1856
01:46:18,015 --> 01:46:22,335
about a specific setup, you'll be in
agreement with why I believe it's there.
1857
01:46:23,295 --> 01:46:27,825
The last thing I want is for me to talk
about how, if you hear me say, this is
1858
01:46:27,825 --> 01:46:32,595
a low resistance liquidity run, I want
you to know 100% that that's a trade.
1859
01:46:32,595 --> 01:46:35,805
I have money in, and I'm not going to
tell you anything beyond what I just said.
1860
01:46:35,805 --> 01:46:38,025
There, it's not an invitation.
1861
01:46:38,235 --> 01:46:41,505
It's not come on, jump on my
back and let's do the same thing.
1862
01:46:41,925 --> 01:46:44,655
It's, I'm indicating that I'm in a trade.
1863
01:46:45,315 --> 01:46:49,125
So if I'm telling you I'm in a
trade, that means I view this as the
1864
01:46:49,125 --> 01:46:51,095
highest probable setup for right.
1865
01:46:52,140 --> 01:46:57,030
With the least amount of risk and
therefore you'll know what to look at
1866
01:46:57,810 --> 01:47:00,750
and why I believe that because you've
seen enough of it in your own study.
1867
01:47:01,980 --> 01:47:02,850
Does that make sense?
1868
01:47:09,330 --> 01:47:09,690
Okay.
1869
01:47:10,170 --> 01:47:12,060
I'm going to close this session for today.
1870
01:47:12,060 --> 01:47:14,490
We've been at, uh, well, two hours now.
1871
01:47:14,880 --> 01:47:15,960
That's not what I want to do.
1872
01:47:15,960 --> 01:47:16,740
I want a daily basis.
1873
01:47:16,740 --> 01:47:18,270
I want to make a little bit
more streamlined, but this is
1874
01:47:18,270 --> 01:47:19,440
the beginning of the new month.
1875
01:47:19,440 --> 01:47:23,220
So I'm going to give you some content
to work with, get your gears going
1876
01:47:23,850 --> 01:47:25,320
and show you how much consistency.
1877
01:47:25,320 --> 01:47:28,590
The things that we've already showed just
in the first month still are applicable.
1878
01:47:28,590 --> 01:47:30,540
And we're going to build
on this every single month.
1879
01:47:30,810 --> 01:47:32,010
There's gonna be something added to it.
1880
01:47:32,070 --> 01:47:32,550
Okay.
1881
01:47:33,450 --> 01:47:36,570
But I'm going to end up talking my
voice away and I won't be able to speak
1882
01:47:36,570 --> 01:47:37,830
to you tomorrow if I don't watch out.
1883
01:47:37,830 --> 01:47:39,750
So, um, I'm going to close this one.
1884
01:47:40,020 --> 01:47:41,580
I'm going to wish you a
very pleasant afternoon.
1885
01:47:41,610 --> 01:47:43,920
Good luck and good trading and study.
1886
01:47:43,950 --> 01:47:44,940
Go into your charts.
1887
01:47:45,390 --> 01:47:48,870
Don't be fearful about these little
objectives over here in terms of profits.
1888
01:47:49,695 --> 01:47:52,545
And don't listen to people that say don't
make targets because targets are easy.
1889
01:47:53,054 --> 01:47:55,155
If you don't have a target,
why are you trading every
1890
01:47:55,155 --> 01:47:56,355
trader out there has to target?
1891
01:47:56,925 --> 01:47:59,205
You have to, or otherwise you
don't know what you're aiming for.
1892
01:48:00,315 --> 01:48:03,045
So at that have yourself a
very, very pleasant afternoon.
1893
01:48:03,165 --> 01:48:05,025
I will get back with you all this evening.
1894
01:48:05,144 --> 01:48:09,224
Uh, I'll send you a recap and
I'll post this video right now.
1895
01:48:09,255 --> 01:48:10,155
It's 10 o'clock in the morning.
1896
01:48:10,155 --> 01:48:10,755
New York time.
1897
01:48:11,025 --> 01:48:12,855
Give me til 11 o'clock.
1898
01:48:12,855 --> 01:48:14,144
Cause I still have to feed my little ones.
1899
01:48:14,144 --> 01:48:15,255
It's the Jewish holidays.
1900
01:48:15,285 --> 01:48:16,184
They says they're closed.
1901
01:48:16,245 --> 01:48:17,684
They're closed with school.
1902
01:48:17,684 --> 01:48:20,865
So I have to feed these little
munchkins and then I'll, I'll get
1903
01:48:20,865 --> 01:48:22,545
back to with you and upload the video.
1904
01:48:23,415 --> 01:48:26,085
So if you missed it or came in late,
you'll see it all in about an hour.
1905
01:48:26,085 --> 01:48:26,355
Okay.
1906
01:48:26,835 --> 01:48:27,465
Have a good afternoon.
158841
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