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Okay folks.
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Welcome back.
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Presently Monday, October 10th, 2016.
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Today's session is going to be about
perspective and growth and the theme
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of our second month of the mentorship.
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Is dealing with risk.
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And part of dealing with risk is
weighing out and keeping imbalanced
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our expectations, our aspirations,
our hopes, our goals, and some of
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you in our mentorship are 100%.
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Blocked.
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Okay.
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Or your life or your work or
your business, um, time of day,
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your location on the planet.
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Uh, all those things are factors with
you and your trading as sometimes that's
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going to prevent you from doing certain
types of trading I E day trading scalping.
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Um, short-term trading, some of
you are just going to have to
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require, uh, long-term trading.
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Some of you can't do long-term.
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Okay.
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So I want you to remove the, remove
those barriers just for a moment while
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we're looking at this discussion.
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Okay.
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And I want to show a couple of different
examples and kind of like bring back the
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focus to the element of understanding
price is important because it's
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not limited to any one discipline.
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In other words, it's not
only uniquely, if is.
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In one timeframe or over another,
and hopefully communicate
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that in this presentation.
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Okay.
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Obviously we have a chart here.
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It's a candlestick chart, as some of
you're used to seeing, and for the purpose
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of just study of price only I've removed
any identification as to what to do.
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You don't know if it's a stock.
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You don't know if it's a commodity.
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You don't know if its a currency.
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You don't know if it's Bitcoin,
you don't know anything.
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Okay.
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And I'm trying to teach you today that
it's not necessary to know what that is.
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Okay.
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We don't know if this
is a one minute chart.
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We don't know if this is a two hour chart.
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We don't know if it's a daily chart.
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We don't know what this is.
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Okay.
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But I want you to focus just primarily on
the things I'm going to highlight here.
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This is going to be very beneficial
for those that have gone through
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all of my free tutorials and have an
understanding of some of the concepts
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that I'm going to refer to in brief
terms, highlighting specific things.
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If a term or a concept is utilized in
this presentation, which won't be a long
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one, if something comes across and you
don't know what that is, all you have
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to do is simply make a notation and
your notes in the front of the card.
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What was, whatever it is that you
heard me say, and then you wait,
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wait for the discussion to end today.
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And then also wait until we finish the
presentation for this particular month,
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because everything that I'm talking
about, you'll have more information
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given to you as we go through.
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Okay.
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I'm not trying to leave you with.
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An incomplete study for the month.
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I'm going to give you a broad brush
idea throughout the entire month,
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but I'm going to sum it up so that
way you can walk away from it.
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Even if you wanted to quit the mentorship,
the con tamper deaths, just this month
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will be enough in terms of standing
alone on the basis of what I'm trying
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to specifically teach regarding risk.
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But when we, when we further at
risk, obviously it's not just simply
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limiting how much you're willing to
risk and lose on your losing trades.
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It's also the balancing
of your expectations.
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And if you go back through your losses,
I guarantee you, they were mostly a
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chats to the fact that you were trying
to make a lot of money on that one trade.
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And either you held onto the trade
too long and you married it and you
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wouldn't accept the fact that you're
potentially wrong and you didn't cut
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bait when you should've, you held onto
it when you should've let go of it.
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You demanded too much from the move.
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That's all part of the
balancing act as a trader.
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If you understand price, if you understand
the things that I'm going to teach
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you, and I've been teaching for years
and now because of the mentorship,
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you're in great detail of the studies.
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I want you to focus on some
specifics in this specific
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timeframe that I'm using here.
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And when we come away with.
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Takeaways.
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If you will, you know what?
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You should be gleaning from all this.
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I think you'll be impressed
because it's nothing like this.
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It's amazing how you can go
into any timeframe and see this.
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I gave you a couple of things to
look for in September in terms
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of what to focus on right now.
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And if you look at the, the market up
here, how many times have we talked about
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a market breaking above a previous one?
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When it does that, chances are,
it's probably going to go lower.
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Even if it continues to go higher,
it's going to be a retrace in us,
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unkind when price reaches into
a significant resistance level.
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Okay.
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And resistance can come in the form of a
bear shorter block, which is usually an
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up candle prior to a down move in price
like this, this up candle being bullish
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rate before the down swing and price.
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This concept.
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What we call a bearish order block
because we understand that during the
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up moves smart money sells into that.
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They want to sell into it as
it hits the highest point.
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So that way they can be selling
it, the nearest highest point at a
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premium, when price starts to drop
away, we look for price to return
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back into that order block price.
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Won't always go up into
the actual last cannon.
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But we had to look at the
way price has been delivered.
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We have three green candles making up
that highest high three consecutive
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up candles, the order block itself,
because of this timeframe, we
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don't know what timeframe this is.
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We don't care.
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Okay.
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We're only looking at the fact
that price has been delivered 1,
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2, 3 consecutively up candles.
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So this entire price move
with three candles going.
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That is the bare shorter block.
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As price breaks down through those
consecutive three candles, this becomes
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the bottom of the lowest of the three
up candles that becomes the beginning
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point at which the algorithm will reach
for, and then go into a sell program.
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Price sees they're happening here,
trades right up into that camp.
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Only stays there for a short period of
time and then quickly reprices lower
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when price goes lower, it's reaching
for this short-term low, which is what
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the liquidity pool, what rest below
these short-term lows sell stops.
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Why is it cell stops below this low?
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Because price has rallied prior to it.
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So when the market comes
down, they sold up here.
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They want to buy it back where
there's going to be willing sellers.
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Once price goes through that, the
next level at which they would be
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aiming for blow these lows over here,
what resides below these lows sell
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stops market trays down below that
those sell sauce come market orders.
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The Mar the smart money can buy
them from the sellers here back
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to cover the short position.
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They assume the pier.
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Every time, the market makes eight price
swing lower, and it creates an up candle.
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We look for price to trade back up
into that, and it should be another
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area which there should be selling
because up candles, smart money sells
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into if the direction is implying
that the market's going lower.
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Okay.
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Let me double check real quick.
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Make sure you guys can see my cursor.
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Can you guys see my cursor?
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Hasn't gone across this chart.
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Just wanna make sure.
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Thank you.
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Appreciate it.
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I hate breaking up the continuity,
but I just wanna make sure I'm
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not wasting my time and yours.
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So we have the up candle here,
price trades right up into it.
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Now notice it's the WIC.
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Now we don't know if this is
going to be a one minute chart.
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We don't know if it's going
to be a six hour chart.
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It doesn't matter the fact that
the price is being delivered here.
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We understand that this has been a
rally up, so smart money is going
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to be wanting to sell into this.
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And it's only going back to a
point, which we would reasonably
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expect new selling to come in.
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Why?
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Because this three consecutive
up candles together blends
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what one bearish order block.
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So when price hits that they could sell
again, or we can be sellers as well and
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expect price to expand down below the
swing over here and below over here.
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Now we don't know if it ultimately
is going to go down to this low
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here, but we reasonably expect that
the trade down the load of this low.
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That's reasonable.
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Now, the question is going to be okay
if say this is a one minute chart, and
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if you're selling at the bottom of this
lower three candles here, if we sell below
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that or sell at that low rather, okay.
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How much distance is from here at this low
selling over here on this candle to here?
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Well, if this is only a one minute
chart, obviously it doesn't frame much
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in the way of profitability, even if
you can define the risk even slightly.
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Yeah, however small.
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You want to make it, if it doesn't
offer you an opportunity to make sure.
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In terms of what you want to
get in at and where the optimal
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ultimate objective is to get short.
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And you uncover that short
position, it's kind of, it's, it's
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a rather moot point to do that.
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You don't want to, you don't want to focus
too much attention on trades that give
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you very little payout, very little risk.
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Okay.
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Doesn't justify the trade.
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It has to have a way of number one,
giving you a little small amount of risk
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or a measurable amount of risk, but also
give you enough movement to provide.
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Profitability.
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So when we frame specific
risk to reward ratios, okay.
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They have to be favorable.
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And just because it allows us a
little bit of difference in terms of
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change between where we want to get
down where the next level is, is that
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really a trade that's viable for you?
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Because just simply because there's
a little bit of movement X between
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where we think it's going to go or
come from down to that may not be in.
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Uh, pips.
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And I'll say, this is from selling it this
low here on this candle and uncovering
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down here, say that's only 12 pips.
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Is that something that someone
would want to take a trade on?
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Because remember, if you're looking
at 12 pips range, you have this spread
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on both ends of your trade buying and
selling or selling and buying it back.
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00:11:13,454 --> 00:11:15,564
How much room do you
have to make in terms of.
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It's to me that wouldn't make any sense,
but you'd be surprised how many people
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actually try to do that because they
want to get in the market for whatever
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reason they just want to get in there.
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00:11:26,670 --> 00:11:29,220
And it's usually after the market's
already moved a little bit and
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they say, okay, well I want to
get something in the marketplace.
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Even if I get three pips, five pips
or whatever, they think that's the way
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market makers are not more profitable.
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Traders make money.
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They get in their scalp,
a couple of pips here.
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Five, 10.
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And it's it's ludicrous.
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It's it's, it's stupid to do that.
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Okay.
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As price comes back up and trades
into this candle here, we get
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one more opportunity to sell off.
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Okay.
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00:11:51,300 --> 00:11:53,700
And then it aims for the
swing lows over here.
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We get a nice rundown here.
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00:11:55,680 --> 00:11:56,490
What is this?
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These three consecutive candles
down here that is the liquidity void
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quick or one one-sided movement.
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Price comes back and retrace.
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00:12:05,490 --> 00:12:08,090
It goes right back up into this up.
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What will be expected here, new
selling and in the price expands
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again, and then comes back up
and now watch what happens here.
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00:12:18,705 --> 00:12:20,805
Price only comes up to the
bottom of these two candles.
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This is actually a mitigation block
for orders that would have been bought.
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00:12:26,535 --> 00:12:28,725
And now this is something we're going
to talk about in regards to market
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structure, institutional market structure.
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00:12:30,795 --> 00:12:34,965
Let's be specific here, Michael, the
idea that just simply because the
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market comes up to here and sells off.
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If you understand the breakers.
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Okay.
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That was taught in the market maker
series on my free tutorial page.
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This is not a breaker.
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Okay.
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This is just a mitigation block.
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The individuals that would have
used orders to go long in here, once
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price breaks down below it here,
these orders would be underwater.
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00:12:55,830 --> 00:12:58,500
So they're gonna have to take
those positions off here, right?
236
00:12:58,500 --> 00:13:00,810
When it trades back at the
bottom of these candles here.
237
00:13:01,710 --> 00:13:03,810
And then we see another round
of selling when it sells off.
238
00:13:03,810 --> 00:13:06,540
Whereas it reached for rate below these.
239
00:13:07,900 --> 00:13:10,390
And it does that here, rallies back up.
240
00:13:10,449 --> 00:13:13,930
What's it reach up into the last
little up candle right in here.
241
00:13:15,430 --> 00:13:16,990
So you can expect to see
what's selling again.
242
00:13:16,990 --> 00:13:19,540
Where does it go down to
below this low right here.
243
00:13:20,050 --> 00:13:20,439
Okay.
244
00:13:20,709 --> 00:13:22,420
So you can see many times.
245
00:13:23,160 --> 00:13:27,900
The opportunity to see these specific
generic characteristics, repeat
246
00:13:27,900 --> 00:13:29,460
themselves over and over and over again.
247
00:13:30,030 --> 00:13:35,040
Now, if I told you this was a one minute
chart, obviously for anyone that's been
248
00:13:35,040 --> 00:13:38,010
trading for a long period of time, it's
not terribly exciting because you know,
249
00:13:38,010 --> 00:13:39,330
the range is going to be really small.
250
00:13:40,020 --> 00:13:42,720
But what if I told you this was a
four hour chart and every one of
251
00:13:42,720 --> 00:13:47,070
these swings offered 50 to 60 pips.
252
00:13:47,100 --> 00:13:50,190
Every single time it retraced,
it was giving you 50 to 60 pips.
253
00:13:50,610 --> 00:13:51,300
So now suddenly.
254
00:13:52,020 --> 00:13:55,560
For those individuals that don't see
these opportunities or can't get in
255
00:13:55,560 --> 00:13:59,640
there and trade these five minute
setups or 15 minutes setups, they can
256
00:13:59,640 --> 00:14:01,140
now walk away from the market today.
257
00:14:01,140 --> 00:14:04,920
Hopefully thinking, well, you know,
I don't need to have a lot of trades.
258
00:14:04,950 --> 00:14:07,260
All I have to do is wait for these
things to set up on a four hour
259
00:14:07,260 --> 00:14:11,040
chart and then I'll just wait
and I can set my limit orders.
260
00:14:11,310 --> 00:14:12,630
I knew where my objectives
are going to be.
261
00:14:12,630 --> 00:14:13,830
I can do all those things in advance.
262
00:14:30,584 --> 00:14:31,155
Let me ask you this.
263
00:14:32,280 --> 00:14:33,690
What about this movement in here?
264
00:14:34,260 --> 00:14:34,530
Okay.
265
00:14:34,560 --> 00:14:40,020
Even if we see this as a turtle soup or
false break below this low, the questions
266
00:14:40,020 --> 00:14:42,330
always come always comes up as well.
267
00:14:42,330 --> 00:14:43,650
How do I know it's a turtle suit?
268
00:14:43,680 --> 00:14:46,590
How do I know it's not going to go through
this low here and just keep on going?
269
00:14:46,860 --> 00:14:49,620
Well, the thing is, is we don't
always know that for certain, but
270
00:14:49,620 --> 00:14:52,740
we do know that there is always
a likelihood for it to happen.
271
00:14:52,920 --> 00:14:54,150
And all we had to do is wait for it.
272
00:14:54,810 --> 00:14:57,420
It makes the low it breaches
the candles bodies here.
273
00:14:57,780 --> 00:14:57,990
Okay.
274
00:14:57,990 --> 00:14:58,920
And then it rallies up.
275
00:14:59,430 --> 00:15:00,900
Well, at this point, what
do you start looking.
276
00:15:02,345 --> 00:15:05,435
You don't have to trade down here
on the break below this low, you
277
00:15:05,435 --> 00:15:06,905
look at the down candle right here.
278
00:15:07,505 --> 00:15:13,145
This is a bull shore block price
breaks through this candle, the OMD,
279
00:15:13,145 --> 00:15:15,545
a down candle, which is a bullshitter
bought because they buy Dorn down.
280
00:15:15,545 --> 00:15:16,175
Candle moves.
281
00:15:16,955 --> 00:15:18,275
This candle breaks it here.
282
00:15:18,485 --> 00:15:20,675
So now at that point, you
draw this out in time.
283
00:15:21,185 --> 00:15:24,005
Anytime it trades down into that
candle, again, you can buy it.
284
00:15:24,095 --> 00:15:24,905
It does it here.
285
00:15:25,385 --> 00:15:26,675
So you can be a buyer here.
286
00:15:26,795 --> 00:15:29,195
It only goes down to the middle of the
down candle, which is the means, right?
287
00:15:30,180 --> 00:15:30,480
Okay.
288
00:15:30,480 --> 00:15:33,960
So now this is a four hour chart and
we're buying somewhere down here.
289
00:15:34,319 --> 00:15:34,650
Okay.
290
00:15:34,650 --> 00:15:38,130
And we can look for an objective
above this swing high, if we do this.
291
00:15:38,490 --> 00:15:38,730
Okay.
292
00:15:38,730 --> 00:15:39,750
And this is a four-hour chart.
293
00:15:39,750 --> 00:15:43,080
How many pips, if you have understood
that anything about four hour
294
00:15:43,080 --> 00:15:46,830
charts, if you started looked at them
that tipped that nine to two pips
295
00:15:46,830 --> 00:15:48,569
are pretty significant sometimes.
296
00:15:57,690 --> 00:16:00,660
Now, if you were just buying down
here, the middle of this down
297
00:16:00,660 --> 00:16:04,320
candle here, buying that on a limit,
using a four hour chart, using this
298
00:16:04,320 --> 00:16:06,330
as a objective exit loan limit.
299
00:16:06,600 --> 00:16:07,020
Okay.
300
00:16:07,410 --> 00:16:11,490
You would have your entire trade framed
out with a timeframe that you don't have
301
00:16:11,490 --> 00:16:13,140
to be sitting in front of and babysitting.
302
00:16:13,560 --> 00:16:14,640
That's the beauty of this.
303
00:16:15,180 --> 00:16:16,020
And here's the other thing.
304
00:16:16,290 --> 00:16:17,580
If you can take first profit.
305
00:16:18,449 --> 00:16:18,839
Okay.
306
00:16:19,110 --> 00:16:21,270
Where would your neck next
level of objective date?
307
00:16:22,110 --> 00:16:25,620
You had this up candle right before this
down move, which is a liquidity void.
308
00:16:25,920 --> 00:16:27,630
And then look at these
equal highs up here.
309
00:16:28,500 --> 00:16:32,880
There's a liquidity pool resting
above that liquidity void liquidity.
310
00:16:32,880 --> 00:16:35,810
Paul Price does goes through both of them.
311
00:16:35,880 --> 00:16:37,470
Pierce's this one here
just by a little bit.
312
00:16:38,220 --> 00:16:41,760
And then once a day trades back
down, once it, once it goes down to.
313
00:16:42,525 --> 00:16:43,995
Right into this bearish order block.
314
00:16:44,205 --> 00:16:44,505
I'm sorry.
315
00:16:44,505 --> 00:16:45,945
Bears candles is a bullet shorter block.
316
00:16:46,575 --> 00:16:48,135
Now own this timeframe.
317
00:16:48,135 --> 00:16:51,015
We could go down to a lower
timeframe and find something smaller.
318
00:16:51,225 --> 00:16:54,885
It would probably reside inside of
this wick in here, but because if we're
319
00:16:54,975 --> 00:16:58,755
assuming this is a four hour chart and
you're only looking for setups based on
320
00:16:58,755 --> 00:17:02,805
these ideas, if you went long here, you
would be expecting to take profit where
321
00:17:04,035 --> 00:17:06,435
above this old high price does that here.
322
00:17:07,305 --> 00:17:07,665
Okay.
323
00:17:08,955 --> 00:17:09,915
Now here's the cool.
324
00:17:10,860 --> 00:17:21,210
Here's the really cool part would, if this
was a daily chart with every one of these
325
00:17:21,210 --> 00:17:28,680
candles represented the daily range, how
many pips would there be there hundreds?
326
00:17:28,680 --> 00:17:28,980
Right?
327
00:17:29,070 --> 00:17:30,120
It'd be hundreds of pips.
328
00:17:31,230 --> 00:17:32,610
What if this was a weekly chart?
329
00:17:35,580 --> 00:17:37,300
How about it was a monthly.
330
00:17:39,939 --> 00:17:41,050
Nothing's changed.
331
00:17:41,740 --> 00:17:43,179
It's all the same concepts.
332
00:17:52,020 --> 00:17:52,770
Look at this here.
333
00:17:54,480 --> 00:17:57,750
If we were looking at this segment
of price action, what would you
334
00:17:57,750 --> 00:17:59,280
reasonably expect to see happen?
335
00:18:02,710 --> 00:18:05,080
I'm actually going to look
for, for feedback on this one.
336
00:18:15,540 --> 00:18:20,460
I'm getting a mix here of 50, 50, some are
saying going higher, some are going lower.
337
00:18:26,250 --> 00:18:28,440
What would you reasonably
expect to see price do?
338
00:18:28,590 --> 00:18:30,930
Looking at the price as it is right now.
339
00:18:43,075 --> 00:18:45,085
Do you see this segment
of price action in here?
340
00:18:49,195 --> 00:18:50,305
And then what happens here?
341
00:18:50,605 --> 00:18:51,655
What's going on here?
342
00:18:53,125 --> 00:18:53,875
All this here.
343
00:18:53,965 --> 00:18:54,805
That's expansion.
344
00:18:56,785 --> 00:18:58,585
What's this little area in price range.
345
00:19:02,455 --> 00:19:03,265
Fair value.
346
00:19:03,775 --> 00:19:07,255
So prices reaching back
down into fair value.
347
00:19:07,255 --> 00:19:08,785
And what's this black handle here.
348
00:19:11,495 --> 00:19:12,485
Two bullet shorter block.
349
00:19:14,015 --> 00:19:17,615
The market has shown a
willingness to break through this
350
00:19:17,615 --> 00:19:19,835
level here by trading higher.
351
00:19:20,795 --> 00:19:24,605
It's came back down into an area of
fair value, which is this big candle.
352
00:19:25,439 --> 00:19:28,919
Breaking through this bears candle here,
which is a bull shorter block as they buy.
353
00:19:28,919 --> 00:19:29,939
When it's going down.
354
00:19:30,750 --> 00:19:33,600
If price were the trade back down
into this candle here, we could
355
00:19:33,689 --> 00:19:37,139
reasonably expect to see what
happens or what would you want to do
356
00:19:42,260 --> 00:19:47,449
if price did this trading rate into
that or a block right there, what would
357
00:19:47,449 --> 00:19:49,760
you expect to see price reasonably do?
358
00:19:51,909 --> 00:19:53,409
And where would you
ultimately look forward to it?
359
00:19:56,815 --> 00:19:59,845
Well, we could be a buyer down
here and look for price to
360
00:19:59,845 --> 00:20:00,895
trade up to this high here.
361
00:20:00,895 --> 00:20:01,135
Right?
362
00:20:09,065 --> 00:20:11,795
That's the, that's the reaction of it?
363
00:20:12,005 --> 00:20:15,245
Hitting it with a boldface
candle, then it becomes a WIC.
364
00:20:15,995 --> 00:20:19,145
You have to get used to seeing
it when it's trading rate down as
365
00:20:19,745 --> 00:20:21,275
when it's trading at the camera.
366
00:20:23,504 --> 00:20:26,955
I'm sorry, I have to, uh, bullish or
block Lance down there and opens and
367
00:20:26,955 --> 00:20:29,385
trades and goes into that candle.
368
00:20:29,895 --> 00:20:34,395
And you see that that's when you want
to be a buyer and you expect price
369
00:20:34,395 --> 00:20:36,225
to expand up into an area where.
370
00:20:37,695 --> 00:20:41,504
By Stossel bay, because you want to
find buyers for those individuals
371
00:20:41,955 --> 00:20:45,555
that want to take the position long
or buy it for whatever reason, being
372
00:20:45,555 --> 00:20:49,635
a protective stop on a short, if
you're long, like smart money would
373
00:20:49,635 --> 00:20:52,514
be buying down here, you're going to
be looking to sell it for a profit.
374
00:20:52,545 --> 00:20:56,535
So you have to pep vine, you have to
find willing buyers at a higher price.
375
00:20:56,565 --> 00:20:59,625
And they're always going to be
above highs, old highs, above highs.
376
00:21:00,105 --> 00:21:01,695
That's where it's going to be at now.
377
00:21:02,625 --> 00:21:03,555
Here's the cool part.
378
00:21:04,665 --> 00:21:05,865
And this is the takeaway for today.
379
00:21:07,425 --> 00:21:07,875
If
380
00:21:13,975 --> 00:21:20,335
I show you what this really is, this
is the Japanese yen weekly chart.
381
00:21:23,175 --> 00:21:25,905
And for this is this whole teaching
this morning is to settle down.
382
00:21:25,905 --> 00:21:28,815
Those folks that have been
talking about I can't day trade.
383
00:21:28,815 --> 00:21:29,305
Can you give me a.
384
00:21:30,315 --> 00:21:33,975
Way to do this stuff where I don't have
to be in front of the charts all the time.
385
00:21:34,275 --> 00:21:35,295
I can't be a day trader.
386
00:21:35,715 --> 00:21:38,235
I'm not sure how I'm going to stay with
this mentorship because I can't day trade.
387
00:21:39,135 --> 00:21:40,185
This is a bullish order.
388
00:21:40,185 --> 00:21:44,565
Block, fair value gap, price trades
down into it closes the here,
389
00:21:44,895 --> 00:21:50,595
if you add 40 pips or so to it.
390
00:21:50,925 --> 00:21:51,345
Okay.
391
00:21:51,705 --> 00:21:58,325
And you buy here and you get out at first
profit here at this high that's 1,154.
392
00:21:59,615 --> 00:21:59,975
Okay.
393
00:22:00,905 --> 00:22:05,495
These are weekly candles, 1,154 pips.
394
00:22:08,145 --> 00:22:12,765
How many times does it trade back down
into the mean threshold here of this
395
00:22:12,765 --> 00:22:14,835
bullish candle bull shorter block.
396
00:22:15,825 --> 00:22:16,485
It's a here.
397
00:22:17,115 --> 00:22:21,735
If you see that trade and
you buy it at that point and
398
00:22:21,735 --> 00:22:23,145
you'd look for that move here.
399
00:22:23,475 --> 00:22:25,095
That's 960 pips.
400
00:22:26,175 --> 00:22:26,895
What about this candle?
401
00:22:27,885 --> 00:22:29,145
This is a propulsion candle.
402
00:22:29,145 --> 00:22:30,375
Why is it a propulsion candle?
403
00:22:30,645 --> 00:22:32,345
We have a bullet shorter block,
which is the down candle.
404
00:22:32,365 --> 00:22:33,675
We see price move through it.
405
00:22:33,915 --> 00:22:38,475
Another down candle, right
into that previous down candle.
406
00:22:39,555 --> 00:22:42,105
This candle here should not see
its mean threshold given up.
407
00:22:42,825 --> 00:22:43,275
Okay.
408
00:22:44,535 --> 00:22:47,835
The opening of that candle
sensitive, you can buy it here.
409
00:22:49,635 --> 00:22:52,155
Old high back here at
753 pips right there.
410
00:22:53,145 --> 00:22:53,475
Okay.
411
00:22:55,274 --> 00:22:57,315
Another down candle here, price hits it.
412
00:22:57,615 --> 00:23:03,915
Another expansion up it trades down
into what this bullish candle rallies.
413
00:23:03,915 --> 00:23:08,565
Again, if you went and held a
small portion, just buying it
414
00:23:08,565 --> 00:23:12,945
down here originally, and you
held on a small piece of it.
415
00:23:13,635 --> 00:23:15,165
That's 20, almost 25.
416
00:23:15,294 --> 00:23:16,815
Well it's 2,500 pounds.
417
00:23:17,910 --> 00:23:21,540
On one position that you scale
out and leave a little piece on
418
00:23:22,080 --> 00:23:25,650
how many people have have you come
in contact with that made 2,500
419
00:23:25,650 --> 00:23:28,140
pips in one trade they're unicorn.
420
00:23:28,170 --> 00:23:28,830
They don't exist.
421
00:23:29,610 --> 00:23:33,120
The first chart I showed you in an example
was the monthly chart of the Japanese.
422
00:23:33,120 --> 00:23:41,520
Yet, if you sold that the bearish order
block, as we defined it here, taking
423
00:23:41,520 --> 00:23:44,700
first profit down here, that's 876.
424
00:23:45,795 --> 00:23:48,735
Down here it's 1,610 pips.
425
00:23:49,695 --> 00:23:53,295
If you leave a portion on and
you take a run out below this
426
00:23:53,295 --> 00:23:56,475
low here that's 2,240 pips.
427
00:23:57,105 --> 00:23:59,955
If you wait for this low, the
form and then expansion below
428
00:23:59,955 --> 00:24:02,715
it again, that's 3,270 pips.
429
00:24:03,885 --> 00:24:04,995
Here's a short-term low here.
430
00:24:04,995 --> 00:24:10,185
If it violates that it's 3,862
pips wait for this low here, the
431
00:24:10,185 --> 00:24:12,345
form and an aim for move below it.
432
00:24:12,585 --> 00:24:13,665
That's 4,200.
433
00:24:17,050 --> 00:24:19,450
It takes a long time for
these trades to pan out.
434
00:24:19,900 --> 00:24:23,350
So my question is, yes, there's
plenty of opportunity to trade
435
00:24:24,010 --> 00:24:31,480
every single timeframe, this
bearish or block here going short,
436
00:24:31,480 --> 00:24:32,740
just taking profit right here.
437
00:24:33,400 --> 00:24:34,930
It's 1500 pips.
438
00:24:36,310 --> 00:24:37,510
So ensure the mitigation.
439
00:24:43,070 --> 00:24:45,860
Okay here with a move
below these lows here.
440
00:24:47,360 --> 00:24:49,250
That's 1,330 pips.
441
00:24:50,179 --> 00:24:53,179
Now you have to wait every
single month for these candles.
442
00:24:54,270 --> 00:24:57,750
But you're telling me that you can't
day trade, but you need to do long-term
443
00:24:57,750 --> 00:25:01,170
position trading, or they showed you
on a monthly here and a weekly chart.
444
00:25:01,500 --> 00:25:03,930
There's thousands of pips available.
445
00:25:03,930 --> 00:25:07,290
And I use the worst pair
in my own personal liking.
446
00:25:07,290 --> 00:25:10,920
I can't stand the Japanese
yen, but it's still there.
447
00:25:11,520 --> 00:25:12,270
It's still there.
448
00:25:12,630 --> 00:25:18,690
If you look at the bear shorter
block here and you sell short and you
449
00:25:18,690 --> 00:25:21,810
look for a move below this low here.
450
00:25:23,010 --> 00:25:24,060
That's a thousand pips.
451
00:25:25,260 --> 00:25:27,000
I mean, how many months
does it take to get there?
452
00:25:28,379 --> 00:25:32,070
You trade shorten this one, one
month, two months, three months, three
453
00:25:32,070 --> 00:25:35,520
months, a thousand pips one position.
454
00:25:36,570 --> 00:25:41,550
So my question is can you make
6% compounded a month over the
455
00:25:41,550 --> 00:25:45,330
course of these types of trades
with a very small amount of risk?
456
00:25:46,980 --> 00:25:47,610
Of course you can.
457
00:25:47,790 --> 00:25:48,150
Absolutely.
458
00:25:49,095 --> 00:25:51,315
There's no reason for you to be
worrying about whether or not
459
00:25:51,675 --> 00:25:53,625
I'm teaching in a intraday chart.
460
00:25:54,165 --> 00:25:55,335
It's the same premise.
461
00:25:55,785 --> 00:26:00,045
Everything I teach is universal,
but you'd need to settle down
462
00:26:00,285 --> 00:26:01,635
and let me teach it to you.
463
00:26:01,815 --> 00:26:02,295
Okay.
464
00:26:02,625 --> 00:26:06,855
Everything I've promised you in terms of
what I'm going to deliver, you'll have it.
465
00:26:07,965 --> 00:26:11,565
And I want you to come away with
this teaching today with the greater
466
00:26:11,565 --> 00:26:15,045
appreciation for price action, because
it's not limited to introduction.
467
00:26:16,370 --> 00:26:20,780
So I'm going to give this session a
close and remind you that we will be
468
00:26:20,780 --> 00:26:25,160
back in at nine 30 to do a panel session.
469
00:26:25,430 --> 00:26:28,400
One of our members are actually,
uh, get on here with me and discuss
470
00:26:28,880 --> 00:26:31,250
a meeting he had with someone
I think, of his own interest.
471
00:26:32,510 --> 00:26:35,600
And if you have any, uh, any
Eureka moments today from this one,
472
00:26:35,750 --> 00:26:36,980
uh, share it with me on Twitter.
473
00:26:37,310 --> 00:26:40,220
And until we talk again later on today
at nine o'clock good luck and good trade.
39170
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