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1
00:00:00,210 --> 00:00:01,140
It's in case it gets good.
2
00:00:05,200 --> 00:00:10,120
We mentioned dollar earlier and
there's an old high back here.
3
00:00:10,150 --> 00:00:11,440
What's resting above this high
4
00:00:17,710 --> 00:00:19,660
by stops liquidity.
5
00:00:20,100 --> 00:00:20,470
Okay.
6
00:00:22,960 --> 00:00:23,620
BS.
7
00:00:25,420 --> 00:00:26,410
We've got to watch that, Ian.
8
00:00:26,950 --> 00:00:28,630
I might not make misinterpret that.
9
00:00:31,930 --> 00:00:32,170
All right.
10
00:00:32,170 --> 00:00:36,100
So anyway, retail traders is going
to see this as resistance, right?
11
00:00:36,130 --> 00:00:38,710
They're going to say, okay, this
is a part of the time where I
12
00:00:38,710 --> 00:00:39,760
want to sell the marketplace.
13
00:00:40,120 --> 00:00:45,130
When it hits this market expands
through that runs through it to unload
14
00:00:45,130 --> 00:00:51,910
longs that working laid down here,
let's look at the dollar, right.
15
00:00:51,940 --> 00:00:53,260
Lay into the cable.
16
00:01:03,290 --> 00:01:03,580
Okay.
17
00:01:03,599 --> 00:01:05,600
So we have what's down here,
18
00:01:12,140 --> 00:01:13,009
cell stops.
19
00:01:17,080 --> 00:01:17,320
Okay.
20
00:01:17,320 --> 00:01:21,460
So we have dollar already
running out the high.
21
00:01:22,420 --> 00:01:29,880
If it can stay above the high, get
down to a 15 minute timeframe, you
22
00:01:29,880 --> 00:01:34,229
can stay above the high and get
some kind of expansion going on.
23
00:01:36,390 --> 00:01:39,210
We could see reception, reception.
24
00:01:39,240 --> 00:01:39,630
Good grief.
25
00:01:39,930 --> 00:01:40,919
What the hell am I talking about?
26
00:01:41,310 --> 00:01:45,210
Because we could see sensitivity
here as it returns back to fair value
27
00:01:48,870 --> 00:01:51,390
and then make a run for the
liquidity resting below these lows.
28
00:01:51,390 --> 00:01:52,169
Now it's not much of a.
29
00:01:53,100 --> 00:01:54,060
It's something to study.
30
00:01:55,350 --> 00:02:00,150
If we have the dollar maintain
its move above that old high.
31
00:02:01,380 --> 00:02:02,760
So we're going to balance the two.
32
00:02:02,790 --> 00:02:07,640
We're going to looking at
the dollar, being willing.
33
00:02:07,640 --> 00:02:12,260
If it is to stay above one
above the, what is that?
34
00:02:15,230 --> 00:02:16,460
96 30 level.
35
00:02:16,760 --> 00:02:20,060
So it has to stay above 96, preferably 96.
36
00:02:23,550 --> 00:02:23,760
Yeah.
37
00:02:24,120 --> 00:02:27,180
It's two smaller the range
and he'd stay above 96 30.
38
00:02:27,570 --> 00:02:29,490
I wouldn't even want to
see it return at all.
39
00:02:29,520 --> 00:02:32,400
I'd like to see it just
continue going higher.
40
00:02:43,160 --> 00:02:43,370
Okay.
41
00:02:43,370 --> 00:02:44,840
So you have sell stocks below here.
42
00:02:58,125 --> 00:02:59,054
I've always had shot.
43
00:03:08,964 --> 00:03:11,695
Now watch as a hits desk
right in that level here.
44
00:03:11,894 --> 00:03:12,745
And then you can go study.
45
00:03:12,785 --> 00:03:16,795
Does it have a willingness to stay
below the mid point of that candle?
46
00:03:16,825 --> 00:03:17,484
That's up
47
00:03:21,234 --> 00:03:22,404
now notice this candle here.
48
00:03:22,404 --> 00:03:23,304
You see this candle.
49
00:03:25,714 --> 00:03:27,125
See what, see what this candle has done.
50
00:03:27,154 --> 00:03:30,755
Look at the high on this
candle comes in at 1 27 70.
51
00:03:30,755 --> 00:03:31,295
You see that
52
00:03:37,304 --> 00:03:40,125
what's significant about that
level, that high on this camp.
53
00:03:56,234 --> 00:03:57,225
Very good, Darren.
54
00:03:57,255 --> 00:03:57,674
Very good.
55
00:03:57,674 --> 00:04:02,894
John, it's already traded to the
mean threshold of this up candle.
56
00:04:04,394 --> 00:04:10,334
See that it's already hit that
once hit as a retrade came down.
57
00:04:10,334 --> 00:04:12,105
Now it came back to the
bottom of this candle.
58
00:04:12,105 --> 00:04:12,404
Mine.
59
00:04:12,464 --> 00:04:14,654
I don't know why my lines
are so fricking thick.
60
00:04:24,935 --> 00:04:28,745
The body of the candles here,
the wikis down here in this
61
00:04:28,745 --> 00:04:32,575
little area here, right in here.
62
00:04:32,575 --> 00:04:33,474
What is this called?
63
00:04:33,835 --> 00:04:35,724
I hinted at it in the previous session.
64
00:04:45,330 --> 00:04:46,440
One more word to it.
65
00:04:46,500 --> 00:04:47,490
You guys close?
66
00:04:48,360 --> 00:04:48,960
One more word.
67
00:04:48,960 --> 00:04:51,420
Add to that fair value gap.
68
00:04:52,440 --> 00:04:54,810
The gap between the wick up to the body.
69
00:04:54,870 --> 00:04:56,100
That's a fair value gap.
70
00:04:57,270 --> 00:04:57,630
Okay.
71
00:05:05,840 --> 00:05:06,410
Right in there.
72
00:05:11,360 --> 00:05:13,130
You don't want to see it go through
73
00:05:23,780 --> 00:05:25,040
1 27.
74
00:05:28,140 --> 00:05:29,760
It's really like
splitting hairs right now.
75
00:05:29,790 --> 00:05:30,810
So it's not that big of a deal.
76
00:05:30,810 --> 00:05:31,330
It's not that much.
77
00:05:40,424 --> 00:05:42,015
1 27 69.
78
00:05:47,534 --> 00:05:48,405
So look what we've had here.
79
00:05:48,405 --> 00:05:50,445
We had the market creator range.
80
00:05:52,664 --> 00:05:57,825
We were jawboning um, mark came up cleared
this short-term high, which is nice
81
00:05:57,825 --> 00:06:01,995
because it, now we do have a stop run
and moved back to a bear shorter block.
82
00:06:03,974 --> 00:06:05,895
So we have the stops on these.
83
00:06:05,895 --> 00:06:07,125
Here are in jeopardy.
84
00:06:08,625 --> 00:06:12,344
This movement here cleared this stop, and
it also went into a bear shorter block.
85
00:06:14,284 --> 00:06:19,505
No one thing against this is the time
of day, but deposit is still relative
86
00:06:19,505 --> 00:06:24,635
to the time of day is the fact that we
have dollars still above the run-in when
87
00:06:24,635 --> 00:06:28,864
it's old high, which I mean, to be the
tired thing, timeframe is look at it.
88
00:06:33,355 --> 00:06:37,795
So we've cleared this high out we're in,
uh, an area where it could expand more.
89
00:06:37,795 --> 00:06:42,245
If it's going to be good, it
should already shown a nice little
90
00:06:42,245 --> 00:06:44,375
reaction so far, not a lot of pips.
91
00:06:44,465 --> 00:06:44,675
Okay.
92
00:06:44,675 --> 00:06:49,025
But what we're doing is we're studying to
see if it does have responsiveness at the
93
00:06:49,025 --> 00:06:51,425
levels where we reasonably expect it to.
94
00:06:55,485 --> 00:06:56,445
Here's a question for you.
95
00:06:57,915 --> 00:07:02,625
Let's say this WIC creates
a whole turnaround.
96
00:07:02,625 --> 00:07:07,035
This cable goes bearish, or the
next one opens up in two minutes.
97
00:07:07,695 --> 00:07:09,165
It starts craning lower.
98
00:07:09,645 --> 00:07:13,395
What would you expect to see once
we get, if we do at all, if we
99
00:07:13,395 --> 00:07:16,305
get below these equal lows, what
would you expect to see in price?
100
00:07:30,810 --> 00:07:30,870
Yeah.
101
00:07:34,550 --> 00:07:39,620
If now think if we're expecting the dollar
to hold on to its high and maybe even move
102
00:07:39,620 --> 00:07:47,210
higher, if that's what we're expecting,
what would you be expecting on the cable?
103
00:07:58,320 --> 00:08:03,360
You want to see if it has willingness
to go below 20 pips below this low, if
104
00:08:03,360 --> 00:08:09,300
it moves below this low, more than 20
pips, what does that indicate expansion?
105
00:08:09,930 --> 00:08:12,990
You're going to see price,
not just probe liquidity.
106
00:08:13,380 --> 00:08:13,830
Okay.
107
00:08:13,860 --> 00:08:18,150
By running below an old area of equal
lows or sell stocks would arrest,
108
00:08:19,170 --> 00:08:22,390
it would be a significant, much more
significant price men, which is what.
109
00:08:24,265 --> 00:08:27,594
Leaning towards here because we've had
the market go on the consolidation.
110
00:08:28,344 --> 00:08:31,614
We've had a short-term high have
violated that and acted as at
111
00:08:31,614 --> 00:08:32,934
a previous bear shorter block.
112
00:08:33,505 --> 00:08:36,265
So if it's going to be good, it
won't need to come back up here.
113
00:08:36,265 --> 00:08:36,954
If it does.
114
00:08:37,044 --> 00:08:37,674
It's not good.
115
00:08:38,454 --> 00:08:39,775
If it goes from here down.
116
00:08:39,804 --> 00:08:40,314
It's good.
117
00:09:23,265 --> 00:09:24,225
Here's a question for you.
118
00:09:25,575 --> 00:09:27,885
Let's say you just turn
your charts on right now.
119
00:09:28,455 --> 00:09:29,805
Right now you turn it on.
120
00:09:31,365 --> 00:09:32,325
Could you do anything
121
00:09:39,585 --> 00:09:40,035
really?
122
00:09:40,605 --> 00:09:41,505
I'm surprised.
123
00:09:44,845 --> 00:09:48,825
You're so you're so, still very
close to the aura block and you're
124
00:09:48,835 --> 00:09:50,095
still inside the consolidation.
125
00:09:51,205 --> 00:09:53,935
Why wouldn't, why wouldn't
you, uh, consider that a trade?
126
00:10:04,115 --> 00:10:07,985
Well, obviously you time of day that's
that's, uh, an issue, but I'm saying
127
00:10:07,985 --> 00:10:10,535
for an exercise while we're we're
we're not looking at a live tree.
128
00:10:13,735 --> 00:10:15,535
For exercise purposes.
129
00:10:15,565 --> 00:10:20,245
Why wouldn't you reasonably
expect to take this as a drill?
130
00:10:21,085 --> 00:10:23,125
You know what side of the
marketplace it's going to lean to
131
00:10:34,255 --> 00:10:35,065
man alive.
132
00:10:47,445 --> 00:10:48,465
That's 20 pips.
133
00:11:00,825 --> 00:11:01,065
Okay.
134
00:11:01,065 --> 00:11:04,125
So it's trading at 27 46.
135
00:11:07,035 --> 00:11:10,005
And 27 20 essentially is
the level lower than that.
136
00:11:10,005 --> 00:11:17,745
So we got about 27 pips downside and
about 22 pips on the upside as a stop.
137
00:11:27,095 --> 00:11:28,505
So the question is, is
where does it want to go?
138
00:11:29,345 --> 00:11:33,815
Do you want, do you want to see price
stay in this consolidation and go higher?
139
00:11:34,355 --> 00:11:40,055
In what sense would that make or to go
below these lows and discern whether or
140
00:11:40,055 --> 00:11:46,295
not it wants to go farther and stronger
or reject right there and then go higher.
141
00:11:53,195 --> 00:11:54,455
What's dollar dealing right now.
142
00:11:59,845 --> 00:12:00,895
It's holding firm.
143
00:12:02,335 --> 00:12:02,605
Okay.
144
00:12:02,605 --> 00:12:03,965
Still holding on to a tie beam.
145
00:12:07,905 --> 00:12:09,765
This high here being broken above it.
146
00:12:09,975 --> 00:12:10,395
Okay.
147
00:12:20,595 --> 00:12:26,385
So what you're actually looking at
here is when open float is building.
148
00:12:27,615 --> 00:12:29,955
Now, we're only looking at liquidity
on the 15 minute timeframe.
149
00:12:29,955 --> 00:12:33,345
So it's not going to be an exorbitant
amount of buying or selling
150
00:12:33,345 --> 00:12:39,285
interest, but above this high and
below these lows are liquidity.
151
00:13:06,944 --> 00:13:08,114
No, we'll just have to work for that.
152
00:13:13,525 --> 00:13:13,854
Okay.
153
00:13:14,665 --> 00:13:16,944
Really, really, really
drawn in tight on this.
154
00:13:34,145 --> 00:13:35,135
Here's a question for you.
155
00:13:36,935 --> 00:13:38,915
Time of day, we're entering Lennon close.
156
00:13:39,515 --> 00:13:39,604
Okay.
157
00:13:41,324 --> 00:13:46,395
We have one low to low
and say it stops here.
158
00:13:48,885 --> 00:13:52,035
Does that look like
traditional daily range?
159
00:13:55,555 --> 00:13:57,655
In other words, how often
do you see daily ranges?
160
00:13:57,685 --> 00:13:59,755
Intraday create the low that day?
161
00:14:12,300 --> 00:14:17,130
So even if it's going to trade
higher off, off the clothes,
162
00:14:17,560 --> 00:14:18,599
I'm sorry into the clothes.
163
00:14:20,610 --> 00:14:24,719
There's a strong likelihood that these
loads down here will get snapped through.
164
00:14:25,050 --> 00:14:28,050
Now, whether it has the willingness
to continue going through that.
165
00:14:28,680 --> 00:14:33,089
We don't know that because at the
time of day, what we do know is
166
00:14:33,449 --> 00:14:38,189
that the daily chart on cable,
let me get a brand new one.
167
00:14:45,400 --> 00:14:46,870
We're in new territory down here.
168
00:14:46,990 --> 00:14:50,170
We took this lo out and
we're expanding to see that.
169
00:14:52,370 --> 00:14:53,959
So in reality, we have.
170
00:15:01,410 --> 00:15:02,310
What's below us.
171
00:15:07,120 --> 00:15:07,900
What's below us.
172
00:15:13,290 --> 00:15:13,800
That's good.
173
00:15:14,760 --> 00:15:15,420
That's a good one.
174
00:15:18,160 --> 00:15:23,610
That's a good, so we're
in new territory now.
175
00:15:24,210 --> 00:15:24,510
Okay.
176
00:15:24,510 --> 00:15:26,280
For, for bearishness on cable.
177
00:15:26,880 --> 00:15:33,579
So if we're seeing the dollar
again, it has to stay above the tie.
178
00:15:33,579 --> 00:15:38,470
If it starts to come down, then we're
going to retrace a little bit and probably
179
00:15:38,470 --> 00:15:40,120
tomorrow be really, really good day
180
00:15:44,410 --> 00:15:45,010
and here.
181
00:15:46,030 --> 00:15:53,439
So have consolidation now watch and see if
it wants to get up into this 1 27 69 area.
182
00:16:25,250 --> 00:16:27,079
How far would you let this trade?
183
00:16:27,800 --> 00:16:30,410
And when this candle, how, how
much would you allow it to go up
184
00:16:30,410 --> 00:16:32,510
to and still consider it a sell?
185
00:16:34,670 --> 00:16:34,790
Okay.
186
00:16:42,170 --> 00:16:42,980
You'd allow it to go.
187
00:16:54,855 --> 00:16:56,025
My personal opinion.
188
00:16:56,055 --> 00:16:57,855
If it gets to this, it's not good.
189
00:16:59,265 --> 00:17:02,235
I wouldn't be allowing it to go
up to the body of the candle,
190
00:17:02,235 --> 00:17:04,335
the opening, I would permit that.
191
00:17:12,485 --> 00:17:15,454
But I think it's, if it gets above
that and goes into this level, I would
192
00:17:15,454 --> 00:17:17,075
not be interested in selling it there.
193
00:17:22,805 --> 00:17:25,655
Now here's another, uh, you
don't ever hear me talk about
194
00:17:25,655 --> 00:17:26,855
this, but we'll be teaching it.
195
00:17:28,385 --> 00:17:30,905
There are times when, say for
instance, this was a little bit
196
00:17:30,905 --> 00:17:32,345
better in terms of time of day.
197
00:17:33,125 --> 00:17:36,755
And we had, uh, all the conditions that
we're describing here still intact.
198
00:17:37,560 --> 00:17:41,220
In play, but we had more daily
range available to us because right
199
00:17:41,220 --> 00:17:42,570
now we're entering London close.
200
00:17:42,600 --> 00:17:46,590
Not to say that we can't go can
trade lower because London closing.
201
00:17:47,010 --> 00:17:50,730
Cause we still have north American
trading time or essentially till
202
00:17:50,730 --> 00:17:51,810
like two o'clock in the afternoon.
203
00:17:53,160 --> 00:17:58,320
But if, if it were to trade up to
there, okay, one way you can trade
204
00:17:58,320 --> 00:18:03,420
this on autopilot, you set and forget
type thing is that you can place.
205
00:18:03,450 --> 00:18:10,140
Once the trade is trading here, you
could sell it on a stop at this candles.
206
00:18:10,140 --> 00:18:13,050
Opening, someone works
a bit traded up here.
207
00:18:13,320 --> 00:18:14,610
You could sell on a stop.
208
00:18:15,750 --> 00:18:16,710
I'll give it to you like this.
209
00:18:34,754 --> 00:18:37,425
When I first started trading commodities,
this is actually a house I traded.
210
00:18:37,425 --> 00:18:40,725
I used, uh, I would sell
on stops and buy on stops.
211
00:18:41,054 --> 00:18:43,274
I would get into market when it
was starting, moving in my favor.
212
00:18:43,935 --> 00:18:47,504
So now managing say this trackers
all, not trade, but say this
213
00:18:47,504 --> 00:18:50,175
market trades up to the 1 27 69.
214
00:18:50,745 --> 00:18:51,615
Say it trades there.
215
00:18:52,064 --> 00:18:52,485
Okay.
216
00:18:54,105 --> 00:18:55,485
We could put a stop.
217
00:18:55,544 --> 00:18:56,054
The sell.
218
00:18:56,064 --> 00:18:58,844
Want to stop at 1 27 47.
219
00:18:58,844 --> 00:19:00,375
Now we don't have a long position.
220
00:19:02,395 --> 00:19:02,784
Okay.
221
00:19:03,145 --> 00:19:06,264
We don't have, we don't have a long
position right now, but if price
222
00:19:06,264 --> 00:19:11,334
were to trade up to that price
point, if we put a sell stop here,
223
00:19:11,365 --> 00:19:12,955
it's not protecting a long position.
224
00:19:13,014 --> 00:19:13,915
What would that sell stop?
225
00:19:13,925 --> 00:19:15,205
Do once price hits that
226
00:19:20,254 --> 00:19:21,695
you would put you in a short position.
227
00:19:23,794 --> 00:19:27,155
Now you can do, what's called
a parent and contingent.
228
00:19:28,470 --> 00:19:29,970
Okay parent and contingent order.
229
00:19:29,970 --> 00:19:35,010
That means if the situation is this,
if we go up to this level here, okay.
230
00:19:35,820 --> 00:19:40,680
You can place an order that I want
to be a seller down here at 1 27 47.
231
00:19:41,370 --> 00:19:46,800
And if it fills me, want to
stop, I want to use 1 27 69 as my
232
00:19:46,800 --> 00:19:48,420
protective stop-loss on that short.
233
00:19:50,400 --> 00:19:51,360
Do you understand what I've just said?
234
00:19:59,120 --> 00:19:59,510
Good.
235
00:19:59,810 --> 00:20:00,230
No.
236
00:20:00,440 --> 00:20:00,860
Okay.
237
00:20:02,260 --> 00:20:03,590
Reason why is okay.
238
00:20:03,860 --> 00:20:06,380
Say it, say it goes up
here and trays that level.
239
00:20:07,100 --> 00:20:10,130
It could, it could go up there and
hit it and then run rate lower.
240
00:20:11,000 --> 00:20:15,440
But because I'm unwilling, I'm unwilling
to sell it up here because if it gets
241
00:20:15,440 --> 00:20:19,190
to this price point here, my belief is,
this is probably not going to go down
242
00:20:19,220 --> 00:20:22,760
this trading session, but I'm willing.
243
00:20:23,774 --> 00:20:26,324
To revisit that idea of being a seller.
244
00:20:26,715 --> 00:20:30,435
If it goes to that level, then trades
back down to this candles low, or
245
00:20:30,435 --> 00:20:32,895
the body of the candle, because
think about what it would be doing.
246
00:20:32,895 --> 00:20:35,415
It's going up here and
then washing back out.
247
00:20:36,645 --> 00:20:39,284
So if you're selling at
that, that body's low.
248
00:20:39,345 --> 00:20:42,135
Remember what I was talking about
earlier in this morning session,
249
00:20:42,524 --> 00:20:45,645
we're looking at the bodies of the
candle that make these lows and highs.
250
00:20:46,605 --> 00:20:49,965
So if it gets down to this level again,
it's probably going to keep going lower.
251
00:20:50,804 --> 00:20:51,195
Okay.
252
00:20:51,195 --> 00:20:52,935
And look what we've defined.
253
00:20:53,475 --> 00:20:54,824
That's not a bad stop-loss is it?
254
00:20:54,855 --> 00:20:59,054
I mean, if you get short down
here at 1 27 47 and you know what
255
00:20:59,054 --> 00:21:02,445
your stock is going to be, because
the order would be contingent on.
256
00:21:02,655 --> 00:21:06,435
If you get filled on a stop bathroom,
price hits here, you would place
257
00:21:06,435 --> 00:21:07,754
this order in the marketplace.
258
00:21:07,754 --> 00:21:09,705
You would say, okay, I
want to buy, I'm sorry.
259
00:21:09,735 --> 00:21:12,915
I'm going to sell at 1 27 47.
260
00:21:13,215 --> 00:21:14,235
What apparent in contingent?
261
00:21:15,840 --> 00:21:21,930
Which means if this order fills,
then my order goes in as a buy stop,
262
00:21:21,930 --> 00:21:24,690
protecting that short at 1 27 69.
263
00:21:26,930 --> 00:21:31,340
So if price runs up here, if it goes
back down here, you can be a seller.
264
00:21:31,340 --> 00:21:34,460
And as soon as that sell stock
gets activated, it places
265
00:21:34,460 --> 00:21:36,980
your stop-loss at 1 27 69.
266
00:21:37,550 --> 00:21:39,110
So my, my theory is this.
267
00:21:39,410 --> 00:21:42,350
If it goes up to that level, I don't
want to sell it there because I think
268
00:21:42,350 --> 00:21:44,090
it could potentially go up out here.
269
00:21:44,720 --> 00:21:49,190
But if it goes to that level, you can
place a sell stop here, parent contingent.
270
00:21:49,640 --> 00:21:53,240
And if it fills you on a sell
stop, you're short, your stop
271
00:21:53,240 --> 00:21:54,770
loss needs to be aware here.
272
00:21:55,879 --> 00:21:58,850
And it's defined because if it goes
back to that level, after coming
273
00:21:58,850 --> 00:22:04,340
back down here, Dan, it's probably
going to keep trading lower.
274
00:22:05,090 --> 00:22:08,840
Is this a bad amount of risk in
terms of pips, not dollar terms,
275
00:22:08,900 --> 00:22:12,160
but is this a, this is a reasonable
amount of pips to, um, to have.
276
00:22:14,905 --> 00:22:15,865
It's 22 pips.
277
00:22:24,685 --> 00:22:28,855
The idea is you're inside of the
consolidation with the weight
278
00:22:28,885 --> 00:22:33,355
of the direction, leaning on
what side above us or below us.
279
00:22:39,435 --> 00:22:47,325
So if we have the, the, the freedom to be
trading a lot lower than we are now, okay.
280
00:22:48,524 --> 00:22:51,975
I don't want to take this trade
here because ultimately if it's
281
00:22:51,975 --> 00:22:55,695
good, it shouldn't even go back
to that mean threshold 1 27, 69
282
00:22:55,695 --> 00:22:56,895
should not even be traded to.
283
00:22:59,825 --> 00:23:02,885
So there's two conditions that we
could have been operating in here as an
284
00:23:02,885 --> 00:23:05,284
exercise one, you could be short now.
285
00:23:06,365 --> 00:23:06,695
Okay.
286
00:23:06,695 --> 00:23:11,195
You can be short now with a stop about
eight pips above the main threats.
287
00:23:13,535 --> 00:23:20,254
Looking for a move down the 27 19, or you
wait and see if it trades up to 1 27 69.
288
00:23:20,254 --> 00:23:24,675
If it does you sell on a stop
at 1 27 47 and then you'd use 1
289
00:23:24,675 --> 00:23:27,305
27 69 as your protective stop.
290
00:23:27,335 --> 00:23:33,065
Uh, stop on the short both
conditions would be looking for
291
00:23:33,095 --> 00:23:37,024
1 27, 20 as downside objective.
292
00:23:39,315 --> 00:23:40,035
Does that make sense
293
00:23:47,405 --> 00:23:49,445
now, looking at the
dollar, what happened here?
294
00:24:00,365 --> 00:24:03,155
Was it able to hold them to,
did it stay above the tie?
295
00:24:07,455 --> 00:24:10,665
So now what does this indicate for Katie?
296
00:24:20,580 --> 00:24:23,760
Does it have a willingness to go lower
with this type of action on the dollar.
297
00:24:28,240 --> 00:24:29,439
Now go back to cable.
298
00:24:31,480 --> 00:24:32,439
What happens now?
299
00:24:32,439 --> 00:24:35,949
If cable does go lower,
what does this become?
300
00:24:40,300 --> 00:24:43,240
Potential turtle suit or a
false break below the low.
301
00:24:44,709 --> 00:24:48,280
So that to weigh this, you have
to be able to look at both markets
302
00:24:49,090 --> 00:24:50,379
in contrast to one another.
303
00:24:54,699 --> 00:24:58,780
I should have a split screen, but I
didn't think I had, I saw it on a chart
304
00:24:58,780 --> 00:25:02,949
when I closed the, the previous session
with the folks that couldn't get in
305
00:25:02,949 --> 00:25:05,649
line with, uh, with the mentorship.
306
00:25:07,000 --> 00:25:08,379
And as I closed, I saw cable.
307
00:25:08,379 --> 00:25:09,969
I said, oh, it's setting up something.
308
00:25:09,969 --> 00:25:10,330
Let me get on it.
309
00:25:14,815 --> 00:25:17,905
There's guerrilla warfare, uh,
setups is jump out and you don't
310
00:25:17,905 --> 00:25:18,655
even know when they're coming.
311
00:25:39,395 --> 00:25:42,605
Yeah, it would have been, well,
obviously, you know, it's going
312
00:25:42,605 --> 00:25:47,015
to be the, uh, that's the trade of
the day in London yet, but you are
313
00:25:47,015 --> 00:25:48,665
getting a London clothes set up here.
314
00:25:49,355 --> 00:25:55,655
If we can see dollar resume, it's moved
back above the high and obviously expand
315
00:25:55,655 --> 00:26:00,095
through this previous high that would
give us freedom for this to trade a
316
00:26:00,095 --> 00:26:02,525
lot lower than just this run of stops.
317
00:26:02,975 --> 00:26:04,895
Given the condition that
the is in right now.
318
00:26:07,500 --> 00:26:08,880
It looks like a temp pit run.
319
00:26:08,910 --> 00:26:11,820
The low, the low is an order on the cable.
320
00:26:13,610 --> 00:26:20,540
If we see resuming of the dollar wanting
to go higher, then we'll have to weigh
321
00:26:20,540 --> 00:26:23,360
out whether or not there's any strength
to get down to 20 pips below this low.
322
00:26:24,650 --> 00:26:31,610
So given what we see in dollar there,
it only looks like 10 pips is possible.
323
00:26:31,820 --> 00:26:39,320
If we can run down, if we see movement
on the dollar resuming higher, and
324
00:26:39,320 --> 00:26:42,740
especially if we take out that high,
did it meet here, then we have to
325
00:26:42,740 --> 00:26:45,410
contend with what we do with cable.
326
00:26:45,410 --> 00:26:46,760
Once we get down to 20 pips.
327
00:26:47,660 --> 00:26:50,300
So if you have a drill on and
you're short and you're testing
328
00:26:50,300 --> 00:26:53,540
yourself, you're getting, you know,
exercises in the price action.
329
00:26:54,410 --> 00:26:56,570
If it gets down to 20 pips,
you got to take something off.
330
00:26:56,600 --> 00:26:57,200
If it gets down.
331
00:26:57,440 --> 00:27:01,220
Uh, did I say to me, uh, if it goes down
to 10 50, you got to take something off.
332
00:27:01,580 --> 00:27:03,800
You definitely have to take
another portion off at, uh, 20
333
00:27:03,800 --> 00:27:05,450
pips and you leave something over.
334
00:27:06,270 --> 00:27:09,300
To see if it wants to expand a lot
lower, because this could just be the
335
00:27:09,300 --> 00:27:12,180
middle point of the next new leg lower
336
00:27:26,270 --> 00:27:26,720
so far.
337
00:27:26,720 --> 00:27:31,460
It's one it's wanting to get back above
it, but you have to see expansion.
338
00:27:31,460 --> 00:27:33,770
And that's what makes these types of
trades a little bit more difficult.
339
00:27:33,770 --> 00:27:37,370
And that's why, if you looked in
the free tutorial sections for,
340
00:27:37,480 --> 00:27:41,210
for everyone, that's new, it
introduced themselves to my stuff.
341
00:27:42,260 --> 00:27:46,100
I kept you looking primarily in only
in London, in New York session trades,
342
00:27:46,730 --> 00:27:48,500
Menin closes a little bit tricky.
343
00:27:48,500 --> 00:27:54,170
You got to have a lot more versatility
for them to, uh, to pan out.
344
00:28:32,825 --> 00:28:36,635
Adam says I'm not used to selling at
the low that's what the drills do.
345
00:28:36,695 --> 00:28:44,495
They desensitize you to things that
you're not used to doing, or preparing
346
00:28:44,495 --> 00:28:47,825
yourself, preparing yourself to do things
that you're not accustomed to doing.
347
00:28:58,235 --> 00:28:59,105
It forces you.
348
00:29:00,629 --> 00:29:05,520
Just focus primarily on what price is
telling you, because while the majority
349
00:29:05,520 --> 00:29:10,649
of the daily range, okay, the majority
of the daily range is seen between
350
00:29:10,649 --> 00:29:13,379
4:00 AM and 10:00 AM, New York time.
351
00:29:15,030 --> 00:29:20,550
I can tell you that very rarely do you see
markets create a low intraday like this?
352
00:29:23,250 --> 00:29:26,850
Especially during times when the
market's moved into new territory
353
00:29:27,570 --> 00:29:30,419
where it's open waters down here,
354
00:29:47,270 --> 00:29:52,370
the typical low that you would see
is like a V bottom or spike down
355
00:29:52,429 --> 00:29:53,899
in quick rejection, away from it.
356
00:29:54,620 --> 00:29:58,610
That's generally what you see as
the daily low is formed or to daily.
357
00:29:58,610 --> 00:29:58,730
Huh?
358
00:29:59,820 --> 00:30:02,460
Um, and usually forms between 10
o'clock in the morning and 11 o'clock
359
00:30:02,460 --> 00:30:03,510
in the morning, New York time.
360
00:30:04,170 --> 00:30:09,000
But think about what you're seeing here,
you're seeing the low, it runs down, it
361
00:30:09,000 --> 00:30:11,040
comes back up, it runs one more time.
362
00:30:11,040 --> 00:30:12,630
Lower comes back up.
363
00:30:12,660 --> 00:30:15,240
Now we cleared some stops and we
moved back into a bear shorter
364
00:30:15,240 --> 00:30:18,510
block, and we saw some re uh,
willingness to want to go lower.
365
00:30:18,630 --> 00:30:20,760
We traded back into the
bear shore block again here.
366
00:30:21,060 --> 00:30:21,810
So that's what I'm saying.
367
00:30:21,840 --> 00:30:26,070
It should not, if it's good, it
should not go back up to 1 27 69.
368
00:30:26,310 --> 00:30:29,040
It should at least try to
probe below these lows.
369
00:30:29,700 --> 00:30:33,660
And I'm personally thinking that if
we did get that movement down here
370
00:30:34,020 --> 00:30:36,540
and we see the dollar want to spread
its wings a little bit higher, which
371
00:30:36,540 --> 00:30:37,770
it doesn't want to show us now.
372
00:30:38,340 --> 00:30:42,600
And again, the only thing against this
is the time of day that's, that's the
373
00:30:42,600 --> 00:30:47,460
hardest part about taking London closed
setups, like say you haven't taken
374
00:30:47,460 --> 00:30:52,440
a train the whole day, but there's a
potential movement on a higher timeframe
375
00:30:52,920 --> 00:30:54,630
that suggests a directional bias.
376
00:30:55,350 --> 00:30:56,010
You can do that.
377
00:30:57,645 --> 00:30:59,835
Uh, London close continuation traits.
378
00:30:59,835 --> 00:31:03,345
In other words, it would be like
the next leg, lower in price.
379
00:31:03,945 --> 00:31:07,125
If we look at what we've seen
here, we saw price retrace a
380
00:31:07,125 --> 00:31:09,165
little bit and then expand lower.
381
00:31:09,375 --> 00:31:10,485
Now we're consolidating.
382
00:31:10,725 --> 00:31:15,044
The next level would be, uh, you know,
basically seeing another movement like
383
00:31:15,044 --> 00:31:17,985
this from this high projected down.
384
00:31:18,764 --> 00:31:20,415
That's what I think is in play.
385
00:31:21,014 --> 00:31:24,675
But if we lose ground on the dollar,
okay, it's still flirting with that
386
00:31:24,675 --> 00:31:26,115
high, which is, I would like to see that.
387
00:31:26,385 --> 00:31:30,284
And I think it's primarily because of the
time of day, if this would have been like
388
00:31:30,284 --> 00:31:35,399
a New York set up where between say seven
o'clock and eight 30 in the morning, New
389
00:31:35,399 --> 00:31:37,544
York time, man, I'd be all over this.
390
00:31:37,544 --> 00:31:40,365
I'd be short, like crazy and cable.
391
00:31:42,044 --> 00:31:46,544
I'd be short, like nobody's business,
but because of the time of day, why
392
00:31:46,544 --> 00:31:47,655
am I telling you to do the drill?
393
00:31:47,655 --> 00:31:50,625
Why am I telling you to get in here and
do a demo account short here using these
394
00:31:50,625 --> 00:31:52,784
parameters for stops and, and ideas.
395
00:31:52,965 --> 00:31:54,855
Why am I telling you to do it
is because I want you to feel.
396
00:31:55,935 --> 00:32:00,585
The length of time, it requires
you to be in the marketplace and
397
00:32:00,585 --> 00:32:03,375
the lack of velocity in the trade.
398
00:32:04,575 --> 00:32:09,435
And you couple that in contrast
with it, the movement you'll see him
399
00:32:09,435 --> 00:32:11,415
when we do live one and open drills.
400
00:32:11,925 --> 00:32:16,215
And when we do New York open session
trail drills, we're actually live trades.
401
00:32:16,215 --> 00:32:16,635
You're done.
402
00:32:17,475 --> 00:32:19,755
You'll see, there's a strong
contrast between the two
403
00:32:20,205 --> 00:32:21,585
you'll get immediate feedback.
404
00:32:21,735 --> 00:32:25,695
You'll get, um, well, you'll get
response to this immediately from
405
00:32:25,695 --> 00:32:27,495
price, which is what you want to see.
406
00:32:28,125 --> 00:32:33,285
If you see lethargic consolidation,
which is expected here, because
407
00:32:33,285 --> 00:32:34,305
we're in the consolidation.
408
00:32:34,305 --> 00:32:38,505
What I'm trying to teach you is how
the market will reach for liquidity
409
00:32:38,565 --> 00:32:44,925
outside this consolidation and why it's
more inclined to go lower because we've
410
00:32:44,925 --> 00:32:46,635
already cleared a level of stops here.
411
00:32:46,695 --> 00:32:47,745
I'm running up to this line.
412
00:32:48,585 --> 00:32:51,585
And it also moved up into this top
candle, private this down move.
413
00:32:51,615 --> 00:32:53,024
We know what the up candle is.
414
00:32:53,415 --> 00:32:54,524
It's smart money selling.
415
00:32:54,825 --> 00:32:56,385
How do we know they sold
their at the market?
416
00:32:56,475 --> 00:33:01,395
Repriced lower bounce, a little bit, went
lower again, created the short term high.
417
00:33:01,605 --> 00:33:04,455
The market ran up clear that
high out and in to an area where
418
00:33:04,455 --> 00:33:06,225
it returned back to fair value.
419
00:33:06,645 --> 00:33:08,355
Why is this fair value here?
420
00:33:08,715 --> 00:33:12,585
Because they sold their once before the
market's in an area where it can go lower.
421
00:33:13,064 --> 00:33:16,335
The dollar showed a willingness
to want to go higher, but has
422
00:33:16,335 --> 00:33:19,304
yet to really do anything outside
of get above its old high.
423
00:33:19,995 --> 00:33:22,845
So it's a lot of balancing
act that has to go on between
424
00:33:23,205 --> 00:33:25,965
monitoring the dollar time of day
425
00:33:29,495 --> 00:33:32,524
and look, the open float we
have by stops above here.
426
00:33:32,645 --> 00:33:33,905
We have cell stops about here.
427
00:33:34,835 --> 00:33:39,155
If we get above 1 27 69, I think
what's going to end up needing
428
00:33:39,155 --> 00:33:44,825
to be seen is this boy will have
to be closed in up to this low.
429
00:33:46,695 --> 00:33:46,965
Okay.
430
00:33:46,965 --> 00:33:47,595
So if we lose.
431
00:33:48,929 --> 00:33:50,000
The 1 27 69.
432
00:33:50,020 --> 00:33:50,939
Say we go through that.
433
00:33:51,419 --> 00:33:54,209
We're going up to this body's candle.
434
00:33:54,209 --> 00:33:54,629
We're here.
435
00:33:54,659 --> 00:33:58,379
The open on that is 1 28 21.
436
00:34:00,419 --> 00:34:23,170
Otherwise we're looking for
lower 1 27, 21, 26 91, 26 90.
437
00:34:23,750 --> 00:34:24,100
You heard me?
438
00:34:24,100 --> 00:34:24,340
Right?
439
00:34:28,620 --> 00:34:29,460
How do I see it?
440
00:34:36,315 --> 00:34:39,435
The central bank of England,
they send me text messages and
441
00:34:39,435 --> 00:34:42,735
they're telling me earlier that a
1 26 90 is probably going to be,
442
00:34:46,635 --> 00:34:48,465
you gotta, you gotta pay
extra for that sweeter.
443
00:34:49,095 --> 00:34:52,335
You gotta get the, yes, the
premium ICT, uh, 200 feet.
444
00:35:00,885 --> 00:35:06,375
Now my, my reasons for saying that
level would be if we get expansion and
445
00:35:06,375 --> 00:35:11,295
we take out the 1 27 20 level, it's
probably gonna make a hard run down into
446
00:35:11,295 --> 00:35:15,135
the 1 27 big figure, which is 1 27 0 0.
447
00:35:15,495 --> 00:35:15,855
Okay.
448
00:35:16,725 --> 00:35:20,295
If it's going to do that and we have
all this free space below us on the
449
00:35:20,295 --> 00:35:25,245
daily chart, it ain't going to stop
generally just at the big figure, 1 27.
450
00:35:25,485 --> 00:35:28,995
It's going to run through that to
reach, to see if there's any more.
451
00:35:30,029 --> 00:35:35,160
Participants that would love to sell even
lower down here or to be buying on there.
452
00:35:35,580 --> 00:35:38,910
And the reach for that liquidity down
there would, would just make price,
453
00:35:39,220 --> 00:35:41,430
obviously expand that much more.
454
00:35:41,910 --> 00:35:43,440
And I'm not saying that
would be the low either.
455
00:35:43,440 --> 00:35:49,410
If it was the run really hard, you know,
1 26 90, wouldn't be the end of it.
456
00:35:49,440 --> 00:35:51,899
I mean, there's a lot of space down here.
457
00:35:57,669 --> 00:35:59,140
I can see your question, Paul.
458
00:35:59,290 --> 00:36:01,029
I just maybe not have
seen it when you did it.
459
00:36:01,060 --> 00:36:02,980
Cause I'm looking at the actual chart.
460
00:36:03,810 --> 00:36:07,600
I'm occasionally looking over and
seeing things that may have missed it.
461
00:36:07,600 --> 00:36:09,009
When you went, what was your question?
462
00:36:25,190 --> 00:36:25,850
Man alive.
463
00:36:25,910 --> 00:36:28,760
I feel like someone's sitting in
my freaking place smothering me.
464
00:36:40,760 --> 00:36:44,090
Do I include wicks in
swing highs and swing lows?
465
00:36:44,660 --> 00:36:49,760
Um, what you're going to be
using them in a couple different
466
00:36:49,850 --> 00:36:55,220
exercises and studies, but I'm
going to take you away from the Wix.
467
00:36:55,370 --> 00:36:58,820
A lot of the times, and focus primarily
on the bodies of the candles for
468
00:36:58,820 --> 00:37:01,130
specific reasons and specific criteria.
469
00:37:01,670 --> 00:37:04,970
There are certain times where the
wicks are necessary and that's when
470
00:37:04,970 --> 00:37:06,140
you're dealing with the order block.
471
00:37:06,770 --> 00:37:11,870
Um, if it's returning back to an up
candle, the wick below that candle,
472
00:37:11,870 --> 00:37:13,310
like we would decide line here.
473
00:37:13,820 --> 00:37:18,580
The wickedness instance it's is, is
important because we're, we're managing.
474
00:37:19,395 --> 00:37:23,265
The range between the low up to the
body that creates a fair value gap.
475
00:37:23,745 --> 00:37:27,105
There's going to be a willingness to
want to see price go up into that level.
476
00:37:28,694 --> 00:37:30,375
Many times it'll stop, just rate that low.
477
00:37:30,524 --> 00:37:30,975
Okay.
478
00:37:31,004 --> 00:37:32,565
And that's all you need.
479
00:37:33,194 --> 00:37:38,625
But when I'm looking at swing highs,
you're going to look at every reference
480
00:37:38,625 --> 00:37:44,415
point on there's three candles, the
opening, the close, the low, and the
481
00:37:44,415 --> 00:37:46,515
high on every one of those three candles.
482
00:37:46,845 --> 00:37:51,395
So you're looking at 12 points of
reference, and I'm going to teach you
483
00:37:51,395 --> 00:37:53,555
what those 12 points actually give you.
484
00:37:53,795 --> 00:37:56,495
There's a lot of insight that
comes by way of studying them.
485
00:37:57,125 --> 00:38:00,365
And when price does certain things around
these particular levels, whether it be a
486
00:38:00,365 --> 00:38:06,004
swing higher swing low is very consistent,
but I can't teach everything obviously in
487
00:38:06,004 --> 00:38:07,384
one session, but I'm getting you there.
488
00:38:07,384 --> 00:38:08,975
Just, just hang in there.
489
00:38:15,555 --> 00:38:17,205
I would not want to buy it.
490
00:38:17,865 --> 00:38:20,085
No, I wouldn't want to buy cable here.
491
00:38:22,925 --> 00:38:26,045
Even if it went above 1 27,
69, I wouldn't be interested.
492
00:38:30,435 --> 00:38:31,725
All right, watch this candle here.
493
00:38:36,115 --> 00:38:37,645
Got a new 15 minute candle open.
494
00:38:38,485 --> 00:38:40,315
We get down below the
body of the candle here.
495
00:38:40,375 --> 00:38:41,065
Let's see what we do.
496
00:38:53,675 --> 00:38:53,855
Now.
497
00:38:53,855 --> 00:38:57,275
I can tell you when I first started
trading and I was looking at intraday
498
00:38:57,275 --> 00:39:00,005
price action for the S and P oh man.
499
00:39:00,485 --> 00:39:01,595
It's a hard stories here.
500
00:39:02,105 --> 00:39:03,785
The lows like this.
501
00:39:03,875 --> 00:39:04,355
Okay.
502
00:39:04,835 --> 00:39:08,425
I would be many times
selling once it went below.
503
00:39:09,375 --> 00:39:11,985
Because I learned from Ken
Robertson, you know, that, that
504
00:39:11,985 --> 00:39:13,695
was my introduction to trading.
505
00:39:14,265 --> 00:39:19,005
Um, if it breaks a support level,
what does it mean as a retail person?
506
00:39:19,035 --> 00:39:19,935
It's going to go lower.
507
00:39:20,475 --> 00:39:20,925
Okay.
508
00:39:21,135 --> 00:39:22,125
Well, not always.
509
00:39:22,485 --> 00:39:27,525
And if I could show you and I really
wish I could, if I could show you what
510
00:39:27,525 --> 00:39:33,135
I was doing back then in the early
days as a trader, I did everything
511
00:39:33,225 --> 00:39:37,515
the worst possible scenario, the
worst possible scenario, man.
512
00:39:37,965 --> 00:39:43,335
And it's uncanny how it was exactly where
I, if I just sort of did the opposite,
513
00:39:43,665 --> 00:39:44,775
I would have been a perfect trader.
514
00:39:45,435 --> 00:39:46,605
I was a perfect loser.
515
00:39:46,755 --> 00:39:49,905
I was getting in at the most
inopportune time with the highest
516
00:39:49,905 --> 00:39:50,925
leverage I could put on there.
517
00:39:51,525 --> 00:39:53,985
And it would immediately
go the opposite direction.
518
00:39:54,225 --> 00:39:55,155
As soon as I got in there,
519
00:40:01,605 --> 00:40:02,685
I had no idea.
520
00:40:03,509 --> 00:40:06,029
That liquidity was an issue.
521
00:40:06,149 --> 00:40:10,859
Um, how markets are drawn because of
price, you know, none of that stuff made
522
00:40:10,859 --> 00:40:15,569
any sense to me, you know, outside of
a trendline, a stochastic and a Mac D
523
00:40:15,930 --> 00:40:17,270
you know, Williams percent percentile.
524
00:40:17,299 --> 00:40:19,919
That's what I had all over my
chart in a 50 day, moving average
525
00:40:19,919 --> 00:40:21,240
or 50 period moving average.
526
00:40:23,100 --> 00:40:24,029
That's all I was using.
527
00:40:24,359 --> 00:40:26,819
And when it was a bullish
market, man, it was easy to,
528
00:40:27,000 --> 00:40:28,500
you know, to be buying on that.
529
00:40:29,220 --> 00:40:31,859
But it wasn't always a bull market.
530
00:40:31,859 --> 00:40:33,270
It went to a bear market.
531
00:40:41,060 --> 00:40:45,500
Um, well it takes a lot of
unlearning Andreas that, uh,
532
00:40:46,370 --> 00:40:47,540
I'm in agreement with you.
533
00:40:48,140 --> 00:40:53,000
I get a lot of resistance from
folks and I think it's on my
534
00:40:53,000 --> 00:40:55,129
free forum in that medium.
535
00:40:55,160 --> 00:40:56,870
I'm very arrogant, very pompous.
536
00:40:56,870 --> 00:40:58,279
And I do that to entertain my son.
537
00:40:59,055 --> 00:41:03,464
Um, I try to refrain from doing it
here because it's not necessary or even
538
00:41:03,464 --> 00:41:09,255
welcomed, but I think it's the fact that
I'm arrogant and braggadocious about
539
00:41:09,255 --> 00:41:13,995
everything over in that free form section
that debt, this turns off people today.
540
00:41:13,995 --> 00:41:16,515
Think it's no validity behind it.
541
00:41:19,035 --> 00:41:19,365
Yeah.
542
00:41:19,365 --> 00:41:19,964
That's all it is.
543
00:41:19,964 --> 00:41:23,055
I could care less really, you know,
ultimately who likes me, but if they
544
00:41:23,055 --> 00:41:27,105
just look past me and just study
the material, you know what I mean?
545
00:41:27,105 --> 00:41:28,214
It's there, they can't deny it.
546
00:41:28,214 --> 00:41:30,435
If you put your nose in the
charts and study it's there.
547
00:41:39,115 --> 00:41:39,595
Yep.
548
00:41:39,654 --> 00:41:41,935
Uh, Gaddy, that's
essentially what I had to do.
549
00:41:42,565 --> 00:41:46,375
Um, that's what I'm saying for
folks that just started with this
550
00:41:46,525 --> 00:41:52,404
as their only medium in trading,
you have such a wonderful advantage.
551
00:41:53,790 --> 00:41:57,480
And everyone else that's ever been
trading for a while because we've already
552
00:41:57,480 --> 00:41:59,819
been infected with stuff that is bad.
553
00:42:00,450 --> 00:42:05,549
You know, we're, you know, we have all
kinds of things in our head that were
554
00:42:05,549 --> 00:42:09,209
given to us by people that aren't really
looking out for our best interests in
555
00:42:09,209 --> 00:42:12,810
terms of making money, they just sell
something that looked like it makes
556
00:42:12,810 --> 00:42:16,439
sense in the charts, but they have no
way of being able to forecast it and
557
00:42:16,439 --> 00:42:18,299
use it going ahead, going forward.
558
00:42:19,169 --> 00:42:24,509
So if you don't have this preconceived
notions about what price should do because
559
00:42:24,509 --> 00:42:29,759
of a retail minded idea, and you're just
now learning this type of a study or these
560
00:42:29,759 --> 00:42:35,279
acne, these exercises and, and view on
the marketplace, you actually have the
561
00:42:35,279 --> 00:42:40,799
best advantage that any trader out there
could have, because you're not already
562
00:42:40,799 --> 00:42:42,839
infected with these ideas that don't work.
563
00:42:45,205 --> 00:42:48,475
And if they worked, believe me, the
statistics wouldn't suggest that
564
00:42:48,714 --> 00:42:53,095
trading puts people in their, uh, you
know, financial graveyard within 90
565
00:42:53,095 --> 00:42:54,625
days, many times in the first 30 days.
566
00:42:57,354 --> 00:43:02,995
And many of you understand what that
means by that, because you have, you have
567
00:43:03,384 --> 00:43:04,794
all these things you have to unlearn.
568
00:43:04,884 --> 00:43:06,265
And I had to do that same thing.
569
00:43:06,475 --> 00:43:08,665
And some of them were very
hard lessons to unlearn.
570
00:43:09,415 --> 00:43:12,984
You know, I had put Larry Williams
on a pedestal and I'm not trying
571
00:43:12,984 --> 00:43:14,904
to be disrespectful to them at all.
572
00:43:14,904 --> 00:43:19,524
I'm not saying that to imply that I'm not
appreciative of what he contributed to
573
00:43:19,524 --> 00:43:24,535
my development, but I'm telling you this
initially, I thought the man did no wrong
574
00:43:25,075 --> 00:43:26,964
and whatever he said, that was the gospel.
575
00:43:27,084 --> 00:43:30,354
And I would get in arguments with my
uncle because initially, you know,
576
00:43:30,354 --> 00:43:34,435
we, we tried to work together in terms
of, you know, supporting one another.
577
00:43:34,464 --> 00:43:38,154
And then because of our contrasting
personalities and in mind, obviously
578
00:43:38,154 --> 00:43:41,395
being what it is, you know, I
I'm like an alpha, I won't let
579
00:43:41,395 --> 00:43:42,865
anybody else tell me what I should.
580
00:43:43,770 --> 00:43:48,390
And when I submitted that
only Larry Williams could tell
581
00:43:48,390 --> 00:43:49,740
me what I should be doing.
582
00:43:50,610 --> 00:43:52,200
When I started seeing his things fail.
583
00:43:52,230 --> 00:43:56,430
It was very hard to take that it
doesn't make him what is going on here.
584
00:43:56,430 --> 00:43:57,450
I have to be doing something wrong.
585
00:43:57,480 --> 00:43:59,130
No, it just didn't work.
586
00:43:59,790 --> 00:44:04,230
And you convince yourself that
you have to hold onto these ideas.
587
00:44:04,740 --> 00:44:08,370
And if you're new and you've never been
subjected to the other disciplines of
588
00:44:08,370 --> 00:44:10,050
trading, you don't have that problem.
589
00:44:10,620 --> 00:44:13,350
You are a Virgin mind
and that's beautiful.
590
00:44:13,620 --> 00:44:15,900
You're not, you're not corrupted
with all the stuff that's
591
00:44:15,900 --> 00:44:17,400
going to have to be forgotten.
592
00:44:18,060 --> 00:44:22,770
And everyone that's traded for a while
has all these things to work through.
593
00:44:22,860 --> 00:44:23,460
You know what I'm saying?
594
00:44:23,460 --> 00:44:25,170
So you are at an advantage.
595
00:44:25,170 --> 00:44:29,430
And in fact, those individuals that came
into this with no understanding about
596
00:44:29,430 --> 00:44:35,340
price action, I mean, this sincerely you
have the ability to be a better trader
597
00:44:35,700 --> 00:44:38,280
than me and blow way beyond what I.
598
00:44:39,075 --> 00:44:40,065
Well beyond me.
599
00:44:40,605 --> 00:44:42,405
And I mean that it's not a sales pitch.
600
00:44:42,405 --> 00:44:43,245
You've already paid me.
601
00:44:43,485 --> 00:44:43,905
Okay.
602
00:44:44,145 --> 00:44:47,745
Bottom line is, is I personally believe
that every individual out there that
603
00:44:47,745 --> 00:44:53,085
does not have all the retail crap and
they've come into our fold, if you will.
604
00:44:53,745 --> 00:44:56,505
And they're learning this as their
introduction to price action,
605
00:44:56,625 --> 00:44:58,935
man, you are such, I envy you.
606
00:44:59,595 --> 00:45:03,915
I absolutely envy you because I
wish I could have started with this
607
00:45:04,515 --> 00:45:08,355
is I could have avoided all kinds
of pain, lots of money being lost.
608
00:45:11,005 --> 00:45:15,325
And as long as short of it is, you
know, you're going to be a much, much
609
00:45:15,325 --> 00:45:17,215
better trader than you would have been.
610
00:45:17,215 --> 00:45:22,285
If you would have been exposed to the
infectious disease that is retail.
611
00:45:40,465 --> 00:45:42,715
I wouldn't answer that
question, Christian.
612
00:45:42,715 --> 00:45:47,425
And I would be, I'm not
going to, yeah, I honor.
613
00:45:47,425 --> 00:45:49,075
Everyone's anonymity here.
614
00:45:49,135 --> 00:45:50,095
I would never tell anybody.
615
00:45:50,095 --> 00:45:51,295
They're a part of my mentorship.
616
00:45:52,615 --> 00:45:55,435
You wouldn't, you wouldn't want me
talking about you either and sharing
617
00:45:55,435 --> 00:45:58,915
that information with someone else,
if you wanted to be anonymous too.
618
00:46:03,795 --> 00:46:04,185
Yeah.
619
00:46:04,185 --> 00:46:05,595
When we get pho, yeah.
620
00:46:06,885 --> 00:46:13,125
I will talk about commodities and bonds
and all the other things with the stock
621
00:46:13,125 --> 00:46:17,145
stuff in the last couple of months, it'll
be like a hodgepodge of everything, how
622
00:46:17,145 --> 00:46:22,755
it all fits together, because there is
a, there's a tie between all, all those
623
00:46:22,755 --> 00:46:27,615
asset classes that really build up your,
uh, your ability to forecast some things.
624
00:46:41,730 --> 00:46:43,380
Eurodollar, I'm sorry.
625
00:46:43,620 --> 00:46:45,960
A panel is not done and
still wants to go higher.
626
00:47:03,590 --> 00:47:04,700
That's a good question, Rami.
627
00:47:04,820 --> 00:47:09,740
Um, he says, why, you know, why
wouldn't we wait for higher prices
628
00:47:10,970 --> 00:47:15,650
and to fill in that liquidity void,
number one of this liquidity void
629
00:47:15,650 --> 00:47:18,950
here, doesn't have to fill right away.
630
00:47:20,240 --> 00:47:24,380
And if you think about market maker, sell
profiles and market maker by profile.
631
00:47:25,735 --> 00:47:28,645
When you see that initial run-up
in the market maker, cell profile,
632
00:47:28,675 --> 00:47:30,145
that void stays there for a while.
633
00:47:30,145 --> 00:47:30,565
Doesn't it?
634
00:47:38,935 --> 00:47:43,555
So you have to allow time to unfold
until it reaches a higher level of
635
00:47:43,555 --> 00:47:46,285
timeframe, support, or resistance level.
636
00:47:46,825 --> 00:47:49,975
Then it calls it that market
maker cell profile to put in its
637
00:47:49,975 --> 00:47:53,425
smart money reversal, then a low
risk sell, then redistribution.
638
00:47:53,455 --> 00:47:59,785
Then one more redistribution to clear out
the original by point, because we don't
639
00:47:59,785 --> 00:48:03,625
necessarily see the conditions here that
would support a market maker by profile
640
00:48:04,075 --> 00:48:05,935
because of the formation of this low.
641
00:48:05,935 --> 00:48:06,985
Here, we have a low here.
642
00:48:07,315 --> 00:48:09,715
We have a low here and
we're just flirting around.
643
00:48:09,925 --> 00:48:12,655
All we're doing is crouching
right above the liquidity.
644
00:48:12,745 --> 00:48:13,855
That's going to be ran out here.
645
00:48:17,615 --> 00:48:19,835
This is a matter, I mean, it's,
it's frustrating me cause I
646
00:48:19,835 --> 00:48:20,545
thought it would already be done.
647
00:48:21,465 --> 00:48:24,765
Now I can close this video up and say,
there's one more exercise that you
648
00:48:24,765 --> 00:48:29,685
got under your belt, but it's just
Hammond and, and back and forth there.
649
00:48:33,355 --> 00:48:34,765
Uh, that's a good question on what's.
650
00:48:34,855 --> 00:48:42,205
What fills faster liquidity voids or clean
lows or highs the speed at which, or I
651
00:48:42,205 --> 00:48:44,095
guess what you're asking is the velocity.
652
00:48:44,125 --> 00:48:44,395
Okay.
653
00:48:44,395 --> 00:48:46,465
And that's what we're gonna talk
a lot about velocity as well.
654
00:48:46,855 --> 00:48:52,885
Uh, the velocity in price
action is much more quicker.
655
00:48:54,055 --> 00:48:58,435
The speed aspect of, of price
movement, getting to equal
656
00:48:58,435 --> 00:48:59,755
lows or equal highs to run.
657
00:48:59,755 --> 00:49:04,255
Those out is much stronger and faster
than coming back all the way through here.
658
00:49:04,255 --> 00:49:05,275
Cause think about what we're doing.
659
00:49:05,815 --> 00:49:11,305
We're we're we identified this as a void
and it is, it's absolutely there, but
660
00:49:12,535 --> 00:49:16,405
it doesn't go all the way through all
this high, high, this high here, just
661
00:49:16,405 --> 00:49:17,575
to close that in and then, and go lower.
662
00:49:17,575 --> 00:49:18,025
It doesn't need to be.
663
00:49:19,109 --> 00:49:22,919
Because we went down into new territory
and we've already returned back to those
664
00:49:22,919 --> 00:49:25,589
levels relative to the daily chart.
665
00:49:27,669 --> 00:49:32,140
So while that is a void, the
hardest part for you to learn is
666
00:49:32,169 --> 00:49:34,629
allowing some of them to stay in
your chart for a little bit of time.
667
00:49:35,109 --> 00:49:37,029
Now, when does it become influential?
668
00:49:38,740 --> 00:49:43,029
When this high's violated, let's say
let's play devil's advocate for a moment.
669
00:49:43,480 --> 00:49:47,049
Say for whatever goofy reason, the
market doesn't want to go lower here.
670
00:49:47,290 --> 00:49:49,509
And it does run up higher
and takes this high out.
671
00:49:50,350 --> 00:49:53,020
What would we, what would we
be doing with that information?
672
00:49:53,169 --> 00:49:56,200
Well, here's one thing it could
go right on through that and
673
00:49:56,200 --> 00:49:57,790
closing the void up to that level.
674
00:49:57,790 --> 00:49:58,689
We talked about over here.
675
00:49:59,470 --> 00:49:59,740
Okay.
676
00:50:01,634 --> 00:50:06,285
Or it could go up a little bit and
then trade back down into whatever
677
00:50:06,525 --> 00:50:09,884
down candle it looks like if this was
a bullish candle and went up higher,
678
00:50:10,214 --> 00:50:11,654
it would be this down candle here.
679
00:50:11,805 --> 00:50:15,585
So if you go up here, then come back
down, hit that as a bullet bar and
680
00:50:15,585 --> 00:50:16,845
then run up and close that void.
681
00:50:17,025 --> 00:50:19,875
That would be the scenario how
I would use it or expect it.
682
00:50:20,265 --> 00:50:24,255
But given the, uh, the criteria that
we see in price action right now,
683
00:50:24,525 --> 00:50:30,105
it's not likely everything is more
slanted that it wants to take out.
684
00:50:30,105 --> 00:50:31,005
These cell stops.
685
00:50:32,625 --> 00:50:34,245
Think about the triggers
that are long right now.
686
00:50:34,545 --> 00:50:37,335
I mean, that's the other thing you
need to be doing is role-playing, you
687
00:50:37,335 --> 00:50:43,185
know, if you're long and you have your
stop right there below a 27 40, you
688
00:50:43,194 --> 00:50:46,485
stops down here, you, for whatever
reason you thought this was long.
689
00:50:46,904 --> 00:50:49,095
I mean, are you excited right now?
690
00:50:49,134 --> 00:50:50,174
And that's your long position
691
00:50:56,325 --> 00:50:56,865
you're printing.
692
00:50:57,075 --> 00:50:57,944
You broke out your prayer.
693
00:51:05,415 --> 00:51:10,915
I can tell you, I've been, I have been
in this situation so many times, and this
694
00:51:10,915 --> 00:51:16,795
was the most amazing lesson for me to
learn how to avoid all that type of stuff.
695
00:51:17,645 --> 00:51:22,585
These, these trades right here, like I
would be long in this condition right
696
00:51:22,585 --> 00:51:28,375
now and I'd be looking at it and, and I
literally would be cussing and screaming
697
00:51:28,375 --> 00:51:33,595
and I have literally broken at least 20
monitor screens on this setup right here.
698
00:51:33,595 --> 00:51:34,495
Cause I would be long.
699
00:51:35,035 --> 00:51:35,455
Okay.
700
00:51:35,905 --> 00:51:38,095
I would be long and I'd
see, sit there and watch.
701
00:51:38,125 --> 00:51:38,485
Okay.
702
00:51:38,545 --> 00:51:38,785
Okay.
703
00:51:38,785 --> 00:51:39,595
It's not going to go down there.
704
00:51:39,715 --> 00:51:42,955
It's just going to come real close to this
low and it won't, it won't hit my stuff.
705
00:51:43,495 --> 00:51:43,765
I'm going.
706
00:51:43,765 --> 00:51:44,305
I'm going to be okay.
707
00:51:44,305 --> 00:51:45,385
I'm just worried about nothing.
708
00:51:46,375 --> 00:51:47,185
That's stupid.
709
00:51:48,175 --> 00:51:48,985
That's stupid.
710
00:51:49,740 --> 00:51:53,129
And I literally would watch it hit
my stop and immediately my right
711
00:51:53,129 --> 00:51:56,529
fist would go through the monitor
screen, crack it now take it.
712
00:51:56,529 --> 00:51:59,220
And, um, well I only did this one time.
713
00:51:59,430 --> 00:52:02,160
I pitched it out my office window
and my, of course my wife didn't
714
00:52:02,160 --> 00:52:06,870
take too kindly to that because I
had to put plastic on the window.
715
00:52:06,870 --> 00:52:07,560
I'm not a handyman.
716
00:52:07,560 --> 00:52:09,420
So I had to wait for somebody
to come the next day to fix it.
717
00:52:09,420 --> 00:52:11,100
And she was like, someone's
gotta climb our window.
718
00:52:11,730 --> 00:52:12,750
Nobody's gonna climb on our window.
719
00:52:12,750 --> 00:52:24,109
But I, I was not able to weather
that 20 inches 20 in spring.
720
00:52:32,859 --> 00:52:33,069
All right.
721
00:52:33,069 --> 00:52:35,170
So now watch the price action.
722
00:52:37,339 --> 00:52:38,450
We're getting close to that.
723
00:52:38,450 --> 00:52:39,379
Run only stops.
724
00:52:39,379 --> 00:52:42,140
Now we're just going to extend
this line out just a little bit.
725
00:52:46,089 --> 00:52:48,520
Again, this is tip, this
is 10 pips below the low.
726
00:52:49,585 --> 00:52:57,975
The next grade would be 20 pips down
here at 1 27, $19 gaining ground
727
00:52:57,975 --> 00:53:00,045
again, again, to make it good.
728
00:53:00,285 --> 00:53:05,065
It's got to wipe out that high
and we've got to get below 20 pips
729
00:53:05,065 --> 00:53:07,555
here, and then we can see 1 26 90,
730
00:53:15,775 --> 00:53:18,205
a lot of the new folks
that just signed up.
731
00:53:18,295 --> 00:53:21,565
Uh, they, and I'm thankful
you gave me your feedback.
732
00:53:21,565 --> 00:53:22,345
So I appreciate that.
733
00:53:22,825 --> 00:53:26,845
But, uh, the first response was,
you know, I want to see live trades.
734
00:53:26,845 --> 00:53:32,815
I want to see more live trades
and you're not going to be able
735
00:53:32,815 --> 00:53:34,525
to go through this mentorship.
736
00:53:34,555 --> 00:53:40,015
If I fill every single trading
day with just the live trading
737
00:53:40,015 --> 00:53:41,455
sessions only with a live trade.
738
00:53:41,505 --> 00:53:42,175
It won't, it won't.
739
00:53:43,515 --> 00:53:45,735
Because number one, you're
going to have to listen to all
740
00:53:45,755 --> 00:53:46,425
the stuff you're hearing me.
741
00:53:46,425 --> 00:53:47,475
Now, look, what's going on.
742
00:53:47,775 --> 00:53:48,705
Price is unfolding.
743
00:53:49,095 --> 00:53:52,905
It's moving around, but it's
not moving to a time limit
744
00:53:52,905 --> 00:53:55,365
that is favorable for a video.
745
00:53:57,095 --> 00:53:59,705
It takes a lot of time, lots of time.
746
00:54:00,215 --> 00:54:07,325
So my aim is to teach you what these
things look like conceptually in the first
747
00:54:07,325 --> 00:54:09,665
three months, then in the fourth month.
748
00:54:09,875 --> 00:54:10,295
Okay.
749
00:54:10,535 --> 00:54:13,565
It's all just me giving you
the setups before it happens.
750
00:54:13,895 --> 00:54:15,425
And I manage them through Twitter.
751
00:54:15,875 --> 00:54:18,365
I am not going to stay
on here for five hours.
752
00:54:18,725 --> 00:54:19,055
Okay.
753
00:54:19,055 --> 00:54:21,005
Through London and then take a
break and then come back here for
754
00:54:21,005 --> 00:54:23,855
three hours for the one New York
session that's not going to happen.
755
00:54:23,855 --> 00:54:25,865
There's no way I could do that no way.
756
00:54:25,865 --> 00:54:28,385
And you would never be able to
keep up with the content, you know,
757
00:54:28,385 --> 00:54:30,635
especially for the folks that have
to watch the videos after the fact,
758
00:54:30,845 --> 00:54:34,055
because they have their businesses or
their jobs, that's not going to work.
759
00:54:34,595 --> 00:54:38,285
So you're going to need to know these
things, conceptually that way, you know
760
00:54:38,285 --> 00:54:42,305
why I'm doing it, why it makes sense to
do the trade and then you can monitor.
761
00:54:50,485 --> 00:54:53,365
Exactly Jackie you're you're, you're
here to learn how to do it yourself.
762
00:54:54,115 --> 00:54:57,595
Believe me, you're going to see many
opportunities over the next couple of
763
00:54:57,595 --> 00:54:59,185
months that you'll get your tuition back.
764
00:54:59,185 --> 00:55:00,265
If you just listen.
765
00:55:00,925 --> 00:55:02,545
And I'm not going to say
anything more than that,
766
00:55:06,235 --> 00:55:09,055
but the first couple of months is
intended to weed out those individuals
767
00:55:09,055 --> 00:55:10,225
that just hear it for signals.
768
00:55:13,165 --> 00:55:16,885
And if you're new, go back,
go back and look at all the
769
00:55:16,885 --> 00:55:18,415
videos on a day-by-day basis.
770
00:55:18,415 --> 00:55:21,145
We were talking about moves
every single trading day.
771
00:55:22,915 --> 00:55:25,045
It's not important that you
watch me take the trade.
772
00:55:25,135 --> 00:55:28,045
It's important that you understand
that we can call the moose before
773
00:55:28,045 --> 00:55:32,185
the fact, because it's not important
because the timing aspect is easy.
774
00:55:32,545 --> 00:55:36,115
That's easy getting into the
easy part, knowing where the
775
00:55:36,115 --> 00:55:37,045
market's going to go next.
776
00:55:37,045 --> 00:55:38,005
That's the hard part.
777
00:56:03,705 --> 00:56:06,225
All right now, does the
market make a low like this?
778
00:56:13,895 --> 00:56:17,674
Now I can tell you there was so
many trades in my 20 plus years.
779
00:56:17,674 --> 00:56:18,125
Okay.
780
00:56:18,515 --> 00:56:20,944
I can tell you there was dozens of them.
781
00:56:21,185 --> 00:56:24,214
I would still hold onto hope
thinking that am I stop was okay.
782
00:56:25,955 --> 00:56:27,214
Yeah, I'm going to be okay.
783
00:56:28,685 --> 00:56:30,725
I wouldn't be able, my wife
wouldn't be able to talk to me.
784
00:56:31,145 --> 00:56:32,415
My kids were trying to come on, dad.
785
00:56:33,720 --> 00:56:34,380
I gotta watch this.
786
00:56:34,380 --> 00:56:36,180
I gotta make sure I'm
I'm going to get stopped.
787
00:56:36,180 --> 00:56:36,330
Yeah.
788
00:56:36,509 --> 00:56:37,440
What was I doing?
789
00:56:37,440 --> 00:56:39,780
Looking at the screen like that was going
to stop price from going down there.
790
00:56:40,020 --> 00:56:40,590
That was Allison.
791
00:56:40,590 --> 00:56:43,590
I was thinking if I look at
this and wish hard enough, it
792
00:56:43,590 --> 00:56:44,580
just won't, it won't happen.
793
00:56:46,140 --> 00:56:47,340
It's crazy what we think.
794
00:56:47,340 --> 00:56:47,640
Isn't it?
795
00:56:54,370 --> 00:56:54,670
Yeah.
796
00:56:54,759 --> 00:56:55,660
You start looking at, okay.
797
00:56:55,690 --> 00:56:59,080
Um, this is when I, uh, was
using trendlines, I would say,
798
00:56:59,080 --> 00:57:01,060
okay, they're going to, they're
going to find some support.
799
00:57:01,140 --> 00:57:04,420
I would look and scour the charts
and find two points at which I could
800
00:57:04,420 --> 00:57:07,570
draw a line to justify why it should
bounce and never go down to my level.
801
00:57:07,720 --> 00:57:08,290
It's crazy.
802
00:57:16,040 --> 00:57:16,880
Yeah, that's a good one.
803
00:57:18,320 --> 00:57:22,100
Robert says switch to a chart that
makes my, uh, makes my outlook lineup.
804
00:57:23,960 --> 00:57:25,820
Yeah, that's one way of doing it.
805
00:57:35,689 --> 00:57:36,230
Oh man.
806
00:57:44,359 --> 00:57:50,450
Unfortunately I allowed, um, the markets
to consume a great deal of my life.
807
00:57:50,480 --> 00:57:54,379
Even when I was making a lot of
money, it consumed a great deal of my
808
00:57:54,379 --> 00:57:57,049
personal life and my relationships.
809
00:57:57,890 --> 00:58:03,200
So if you can learn to avoid doing
all those things by just focusing
810
00:58:03,200 --> 00:58:08,390
primarily when the market's really
favorable to trade, you can obviously
811
00:58:08,390 --> 00:58:09,529
give yourself a wonderful life.
812
00:58:09,560 --> 00:58:10,609
You don't have to be rich either.
813
00:58:10,669 --> 00:58:14,270
I mean, if you just replaced what you
make as your job right now, and you
814
00:58:14,270 --> 00:58:17,779
live the comfortable life like that,
and you can consistently make money.
815
00:58:18,379 --> 00:58:21,470
That to me is that's, that's
happiness, that's balanced, you know?
816
00:58:21,470 --> 00:58:25,370
And then once you finish your role
as a, as a parent, then you can push
817
00:58:25,370 --> 00:58:26,839
it hard and it doesn't take long.
818
00:58:26,839 --> 00:58:27,259
If you're not.
819
00:58:28,305 --> 00:58:32,535
It does not take long to push your
money quick and enroll it up fast.
820
00:59:35,510 --> 00:59:40,790
Uh, how do I distinguish the difference
between an impulse move that you
821
00:59:40,790 --> 00:59:44,450
want to trade with the direction
after pullback and a large move that
822
00:59:44,450 --> 00:59:46,940
you would trade back into a range?
823
00:59:47,690 --> 00:59:48,410
Uh, that's all gonna.
824
00:59:49,425 --> 00:59:54,675
Talk when we specifically deal with
institutional overflow and intermediate
825
00:59:54,675 --> 00:59:58,395
term reaction, highs and lows,
that sets the framework for that.
826
00:59:59,775 --> 01:00:04,634
The easiest way of answering that is
once you understand what draws price to
827
01:00:04,634 --> 01:00:08,535
one side of the marketplace, in other
words, directional bias, the thing
828
01:00:08,535 --> 01:00:11,925
that everybody wants to know, okay,
you have to learn a couple of different
829
01:00:11,925 --> 01:00:15,765
things to make that discernible.
830
01:00:16,335 --> 01:00:18,285
No, you're not going to, you're
not going to be able to look at it.
831
01:00:19,275 --> 01:00:21,015
Look at a chart or one tutorial video.
832
01:00:21,255 --> 01:00:21,675
Okay.
833
01:00:22,065 --> 01:00:24,735
And walk away with, okay, now I
know how to do directional bias.
834
01:00:24,765 --> 01:00:26,745
Now I know how to call
the directional move.
835
01:00:27,615 --> 01:00:35,085
Uh, the primary focus for that and
distinguishing what impulse price swing.
836
01:00:35,085 --> 01:00:37,425
And when you're going to trade
inside of a previous range.
837
01:00:37,425 --> 01:00:40,995
In other words, this could be
viewed as an impulse price swing.
838
01:00:42,015 --> 01:00:42,375
Correct?
839
01:00:42,375 --> 01:00:44,505
Right, Robert, I mean,
is this not a impulse.
840
01:00:51,525 --> 01:00:57,045
Right, but what did we outline yesterday
with the trade, but not the trade,
841
01:00:57,045 --> 01:01:00,705
but with the chart relative to the
British pound, us state, the liquidity
842
01:01:00,705 --> 01:01:04,455
pools that were arresting below the
marketplace indicate what on that.
843
01:01:04,455 --> 01:01:07,125
And again, it was a daily
chart indicates what direction
844
01:01:13,775 --> 01:01:15,005
we are looking for lower prices.
845
01:01:15,485 --> 01:01:19,145
So if we're looking for lower prices
and we see these big sudden movements
846
01:01:19,145 --> 01:01:23,975
like this, we understand that during a
rush to take price down to those lower
847
01:01:23,975 --> 01:01:25,565
levels, relative to the daily chart.
848
01:01:27,765 --> 01:01:32,295
Since we understand that the direction
is being driven solely on the daily
849
01:01:32,295 --> 01:01:38,385
chart, the smaller 15 minute voids
don't have to fill in right away.
850
01:01:39,885 --> 01:01:41,765
So what you're going to do is,
is you're going to look for.
851
01:01:42,839 --> 01:01:47,189
Time of day where it makes sense to
look for the impulse price swings
852
01:01:47,189 --> 01:01:49,589
like this one in here, this is London.
853
01:01:51,939 --> 01:01:54,100
Then you have another
one here in New York.
854
01:01:56,120 --> 01:01:57,299
You have another one in here.
855
01:01:57,660 --> 01:01:58,770
I'm sorry, this is London lunch.
856
01:01:59,100 --> 01:02:00,629
Then you have another
one in New York here.
857
01:02:01,649 --> 01:02:05,160
So we have specific times
of the day that you look for
858
01:02:05,160 --> 01:02:07,410
these legs to trade back into.
859
01:02:09,089 --> 01:02:13,560
We're going to give you very specific
details about daily range engineering
860
01:02:13,799 --> 01:02:19,589
and how that helps you with your position
trading on a long-term swing basis or
861
01:02:19,589 --> 01:02:21,060
short-term trading or even day trading.
862
01:02:21,750 --> 01:02:27,060
But the time of day is very influential
in terms of what you're looking for.
863
01:02:27,779 --> 01:02:29,879
Once you see it, once
you see how it works.
864
01:02:31,495 --> 01:02:34,315
It's very easy to go in and say, okay,
well, I'm not going to trade here yet.
865
01:02:34,345 --> 01:02:38,545
I'm going to wait until this
price leg moves in this direction.
866
01:02:38,665 --> 01:02:43,855
Or if price expands down, I'll wait
until it gets back up into a specific
867
01:02:43,855 --> 01:02:45,145
price level or I'll sell into it.
868
01:02:45,595 --> 01:02:47,425
You'll, it'll make sense
of what you're looking for.
869
01:03:03,985 --> 01:03:04,525
Look at that
870
01:03:08,875 --> 01:03:09,535
super long.
871
01:03:15,635 --> 01:03:17,375
Notice the cable didn't really run up.
872
01:03:21,435 --> 01:03:22,095
Think about that.
873
01:03:25,235 --> 01:03:25,685
Look at the dog.
874
01:03:28,955 --> 01:03:30,125
Came down like crazy
875
01:03:34,485 --> 01:03:35,475
Euro popped.
876
01:03:36,015 --> 01:03:37,695
What did we say Europan was going to do
877
01:03:44,925 --> 01:03:45,435
tire.
878
01:03:49,625 --> 01:03:50,075
There you go.
879
01:03:50,134 --> 01:03:53,285
I told you a couple minutes ago
during this presentation that
880
01:03:53,285 --> 01:03:54,695
the Euro pound would go higher
881
01:03:58,745 --> 01:04:01,055
dollar softer cable,
882
01:04:04,145 --> 01:04:05,285
not wanting to go higher.
883
01:04:06,425 --> 01:04:11,375
Would that dollar surge like that
lower you should've saw cable stream
884
01:04:11,495 --> 01:04:15,935
higher and once they sell stops,
if it's going to do it, it's going
885
01:04:15,935 --> 01:04:17,134
to take their cell stops first.
886
01:04:25,065 --> 01:04:27,705
You can't teach this
lesson in static charts.
887
01:04:27,945 --> 01:04:30,495
I can't teach it to you in Twitter.
888
01:04:31,095 --> 01:04:34,605
You know, looking at tweets, it
has to be seen and explain live.
889
01:04:36,885 --> 01:04:39,855
Otherwise you'll know you'll, you'll
come away with it with no understanding
890
01:04:40,995 --> 01:04:42,015
or it'll look like hindsight
891
01:04:51,935 --> 01:04:52,445
there.
892
01:04:52,445 --> 01:04:53,345
One another monitor.
893
01:04:55,085 --> 01:04:55,175
Okay.
894
01:05:13,135 --> 01:05:14,125
I'd spend the rest of the day.
895
01:05:14,125 --> 01:05:15,205
Not talking to my wife.
896
01:05:15,715 --> 01:05:16,645
She'd be mad at me.
897
01:05:17,425 --> 01:05:18,415
Haven't you made enough money.
898
01:05:18,425 --> 01:05:18,835
You'd stop.
899
01:05:23,985 --> 01:05:24,405
Yep.
900
01:05:30,805 --> 01:05:37,165
So the dollar came down, retreated back
to an old high what's this in here.
901
01:05:43,535 --> 01:05:44,495
What is this right in here?
902
01:05:48,895 --> 01:05:49,435
Void
903
01:05:53,055 --> 01:05:54,525
Euro pound Rowan higher.
904
01:05:54,525 --> 01:05:55,185
Like we said,
905
01:05:59,505 --> 01:06:00,105
where are we at here?
906
01:06:01,215 --> 01:06:01,725
Stops.
907
01:06:01,725 --> 01:06:04,935
Taken out below the, uh, the Lowe's cable.
908
01:06:08,145 --> 01:06:09,255
Still didn't punch down there.
909
01:06:09,315 --> 01:06:09,825
We might get it.
910
01:06:09,825 --> 01:06:10,125
Now.
911
01:06:10,215 --> 01:06:12,335
I was going to say it didn't even
take the 10 pips the little bit.
912
01:06:12,375 --> 01:06:13,365
We're probably going to get it now.
913
01:06:20,460 --> 01:06:22,980
The lessons that you're
going to have trouble with.
914
01:06:22,980 --> 01:06:24,360
And I'm gonna tell you where
you're going to have the most
915
01:06:24,360 --> 01:06:25,740
difficulty with this mentorship.
916
01:06:27,420 --> 01:06:31,230
The hardest ones you're going to have
is when the market is not symmetrical.
917
01:06:32,040 --> 01:06:36,600
And when the crosses are being controlled,
like the Euro pound, when Euro pound
918
01:06:36,600 --> 01:06:39,510
is being manipulated, you're going
to struggle with that because you're
919
01:06:39,510 --> 01:06:43,050
going to expect cable and fiber to
be always in sync with one another.
920
01:06:43,530 --> 01:06:44,520
And it's going to screw you up.
921
01:06:44,850 --> 01:06:46,140
And that's the hardest lesson.
922
01:06:46,140 --> 01:06:48,570
And I'm going to tell you up front,
that's where you're going to do the
923
01:06:48,570 --> 01:06:50,010
majority of your staff, your study.
924
01:06:51,210 --> 01:06:57,630
Once you understand what situations
and conditions drive those, you'll be a
925
01:06:57,630 --> 01:06:59,490
lot better trader, but understand this.
926
01:06:59,520 --> 01:07:01,080
That's going to be very difficult for you.
927
01:07:24,670 --> 01:07:29,170
Now, if you did your exercise,
you should be taking something off
928
01:07:29,170 --> 01:07:33,640
right now and whatever your entry
would be, then you go to the break.
929
01:07:33,640 --> 01:07:36,250
Even on the time of day like
this, you don't want to see
930
01:07:36,250 --> 01:07:37,510
anything turn around, back on you.
931
01:07:40,870 --> 01:07:42,250
Did anybody take the exercise?
932
01:07:52,260 --> 01:07:52,680
Good.
933
01:08:16,235 --> 01:08:19,444
You're all asking as the new
people that just came in.
934
01:08:20,705 --> 01:08:24,935
And I think a couple of the ones that
started in August, not many, it's not
935
01:08:24,935 --> 01:08:29,165
many of them, but some of them are
like, Hey, look, you know, I want to
936
01:08:29,165 --> 01:08:33,725
see live trait and you will, you will
absolutely see it, but I need to show
937
01:08:33,725 --> 01:08:39,725
you the mechanics behind what makes
these moves trades otherwise there's
938
01:08:39,725 --> 01:08:44,165
no, you're just going to be reacting
to me telling you what I'm doing and
939
01:08:44,165 --> 01:08:45,185
you're not learning anything from that.
940
01:08:45,995 --> 01:08:49,925
So by looking at price
understanding before.
941
01:08:51,394 --> 01:08:52,764
The moves take place.
942
01:08:53,334 --> 01:08:56,304
If we can't, if we can't outline
the market moves before they
943
01:08:56,304 --> 01:08:59,394
happen, there's no way I'm going
to have trades that make money.
944
01:08:59,875 --> 01:09:01,134
I mean, can't, we all agree with that.
945
01:09:01,165 --> 01:09:05,754
I mean, forget the fact that, uh, you
know, we're operating in a demo account,
946
01:09:06,844 --> 01:09:11,814
I'm teaching through a capacity of a
demo account, but if I can't explain
947
01:09:11,814 --> 01:09:16,404
to you why the moves are going to take
place before they happen, it's fair to
948
01:09:16,404 --> 01:09:21,084
say that there's no way that I would
be making any positive trades at all.
949
01:09:22,075 --> 01:09:25,495
And you're not here to watch me trade
you're here to learn how to interpret
950
01:09:25,495 --> 01:09:27,625
price action, and then do your own trades.
951
01:09:32,684 --> 01:09:36,094
So if you're new and you, and you're
feeling rushed because you want to need to
952
01:09:36,375 --> 01:09:40,694
recoup the cost that you're spending, just
understand, there's a, there's a small
953
01:09:40,694 --> 01:09:42,205
little growth period that you got to go.
954
01:09:43,259 --> 01:09:43,919
It's not long.
955
01:09:43,919 --> 01:09:47,759
I'm not going to drag you across the 19,
well, 19 at 19, but nine months at the
956
01:09:47,759 --> 01:09:50,700
12 months without CME actually operate.
957
01:09:51,479 --> 01:09:56,460
But you need to understand why I'm
doing what I do, why it makes sense.
958
01:09:57,480 --> 01:10:00,570
And there's going to be times where
I'm going to tell you to do something
959
01:10:00,839 --> 01:10:04,830
in advance and unexplained, why it's
not a good thing to do, but we need
960
01:10:04,830 --> 01:10:08,910
to see it and be a part of the moves
that way when you get into trades and
961
01:10:08,910 --> 01:10:12,660
it starts exhibiting these types of
things, you'll know that you got to cut
962
01:10:12,660 --> 01:10:16,200
bait, just cut your, cut your losses,
or cut your trade off immediately.
963
01:10:16,440 --> 01:10:19,169
And it will help you preserve
your capital, which is the
964
01:10:19,169 --> 01:10:20,429
number one rule in trading.
965
01:10:20,730 --> 01:10:21,809
Not making money.
966
01:10:22,110 --> 01:10:25,620
It's preservation of capital, because
there's always new trading setups.
967
01:10:27,480 --> 01:10:28,710
Now here's something that we watching.
968
01:10:28,740 --> 01:10:29,040
Okay.
969
01:10:29,339 --> 01:10:30,360
We cleared the lows.
970
01:10:31,019 --> 01:10:33,059
We came back up and now watch what's this.
971
01:10:43,094 --> 01:10:46,635
We want to see if it has a willingness
to stay below or have a willingness
972
01:10:46,705 --> 01:10:48,974
to not want to get through that.
973
01:10:49,485 --> 01:10:52,514
Now again, the bodies of these
two green candles about midway
974
01:10:52,514 --> 01:10:53,985
point it's about right here.
975
01:10:54,465 --> 01:10:56,925
So it could move as far as what is that
976
01:11:00,455 --> 01:11:00,875
good grief.
977
01:11:00,875 --> 01:11:01,535
Why I grab that?
978
01:11:09,565 --> 01:11:14,875
Um, it can go up to 1 27, 53.
979
01:11:16,675 --> 01:11:19,915
You can touch that and still roll
it down lower, or it could be
980
01:11:19,915 --> 01:11:21,054
making the low of the day here.
981
01:11:25,014 --> 01:11:28,434
But if you were short, say you were
managing a short from back here, you
982
01:11:28,434 --> 01:11:29,755
should be taking something off, down here.
983
01:11:29,755 --> 01:11:30,355
Like we just discussed.
984
01:11:31,575 --> 01:11:32,415
We've already seen a bike.
985
01:11:32,445 --> 01:11:33,975
Look at the bodies of the candles in here.
986
01:11:34,785 --> 01:11:37,695
What did this, what did the two
bodies of the candles respect
987
01:11:46,675 --> 01:11:47,765
10 PIP level, right?
988
01:11:51,085 --> 01:11:56,485
So it worked down through it and
it's going to gather anybody would
989
01:11:56,485 --> 01:12:02,065
have stopped lost 10 pips below
these equal lows that algo does this.
990
01:12:02,335 --> 01:12:06,715
Every single trading day, it's
sweeps, 10 pips or 20 pips.
991
01:12:06,745 --> 01:12:07,555
There's two grades.
992
01:12:07,975 --> 01:12:10,165
It reaches for 10 pips or 20 pips.
993
01:12:11,665 --> 01:12:13,935
The bodies of the candles where
the bulk of the volume is, but the
994
01:12:13,945 --> 01:12:18,595
SWIC is where the protraction in
market action and price delivery
995
01:12:18,625 --> 01:12:20,185
that is reaching for the liquidity.
996
01:12:20,785 --> 01:12:23,455
But the bulk of the volume is
seen in the buyers of the candle.
997
01:12:23,875 --> 01:12:26,725
So yes, we breached these two
lows with the bodies, but it
998
01:12:26,725 --> 01:12:28,015
whipped down through guarantee.
999
01:12:28,015 --> 01:12:32,025
And at the temp PIP guys below
these lows, They're gone.
1000
01:12:35,245 --> 01:12:39,565
No, just because we're saying this
does not equate to it's a buy.
1001
01:12:43,445 --> 01:12:45,545
It just means that the
lowest days probably forming
1002
01:12:56,305 --> 01:12:58,735
and it would be no good now.
1003
01:12:59,425 --> 01:13:03,745
So if you're short on the day,
you'd have to collapse your short
1004
01:13:03,745 --> 01:13:06,955
now and lock in whatever you have.
1005
01:13:19,345 --> 01:13:19,915
All right, folks.
1006
01:13:19,915 --> 01:13:27,385
Well, again, one more, uh, one more
trading opportunity outlined in given a
1007
01:13:27,385 --> 01:13:29,585
lot more, a lot more time than I think.
1008
01:13:31,040 --> 01:13:34,370
Uh, I don't know.
1009
01:13:34,400 --> 01:13:37,400
I'll leave it up to you to decide
whether or not that was a economical
1010
01:13:37,969 --> 01:13:42,349
use of your time, but you can see
what we were outlining, what price
1011
01:13:42,349 --> 01:13:44,690
should do relative to the dollar.
1012
01:13:45,530 --> 01:13:49,969
Even though the dollar collapsed and
Euro popped, we called Euro pound higher.
1013
01:13:51,320 --> 01:13:57,139
You saw that happen here, dollar
collapsed, but we did not change
1014
01:13:57,170 --> 01:13:59,599
gears on our outlook on cable.
1015
01:13:59,599 --> 01:14:07,009
We knew that the stocks are going to
be sold right in here and we got it.
1016
01:14:07,490 --> 01:14:14,030
So again, not a barn burner
move, not retire from your job
1017
01:14:14,059 --> 01:14:18,950
type of event, but these are the
building blocks that take you to
1018
01:14:18,980 --> 01:14:20,420
understanding the trades that we take.
1019
01:14:21,344 --> 01:14:24,105
Well, you'll see me doing what I'm
doing, because the last thing I
1020
01:14:24,105 --> 01:14:29,325
want to do is put a trade on and
have 300 of you asking, well, why
1021
01:14:29,325 --> 01:14:30,525
aren't you looking at this candle?
1022
01:14:30,615 --> 01:14:31,125
You understand?
1023
01:14:31,125 --> 01:14:33,945
There's no way I'm going to
be able to focus on the trade.
1024
01:14:34,545 --> 01:14:38,295
If I have 300 or plus of you asking
for something that would have
1025
01:14:38,295 --> 01:14:41,925
been explained in the first couple
months of me just doing modular
1026
01:14:41,925 --> 01:14:43,665
approaches to what did I trade?
1027
01:14:54,465 --> 01:14:56,445
All right, folks, I'm
going to close it here.
1028
01:14:56,535 --> 01:14:57,705
I need to get some medicine to me.
1029
01:14:58,184 --> 01:15:03,764
The, uh, the recap will be on,
uh, we'll, this'll be the recap
1030
01:15:03,825 --> 01:15:04,815
and there will be any recap.
1031
01:15:04,815 --> 01:15:05,175
I'm done.
1032
01:15:05,505 --> 01:15:06,495
I'm done videos for the day.
1033
01:15:06,495 --> 01:15:07,304
We did two of them.
1034
01:15:07,875 --> 01:15:12,195
So I want I'll set the recordings
up and then I'll put them on the,
1035
01:15:12,195 --> 01:15:15,224
uh, Now tweet on once it's viewable.
1036
01:15:15,794 --> 01:15:17,894
Was she a good afternoon
pleasant afternoon?
1037
01:15:17,924 --> 01:15:22,905
And we will be back again
tomorrow around I think tomorrow
1038
01:15:22,905 --> 01:15:25,394
we'll do seven 30 New York time.
1039
01:15:26,565 --> 01:15:27,735
And then we'll see if we got anything.
1040
01:15:27,735 --> 01:15:29,714
We can do a real time off.
1041
01:15:29,714 --> 01:15:35,684
I I'll satisfy the new people's, um,
desire just to, just to appease them
1042
01:15:35,684 --> 01:15:39,674
because they didn't get a chance to see,
you know, 20 days of daily exercise.
1043
01:15:41,054 --> 01:15:41,474
All right.
1044
01:15:41,775 --> 01:15:42,554
Have yourself a good one.
1045
01:15:42,554 --> 01:15:42,825
Good luck.
1046
01:15:42,825 --> 01:15:43,275
Good trading.
86294
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