Original subtitles

Okay, good morning folks.

Welcome back today.

We're gonna be looking for that run on that 100 point 55 level.

It's probably going to come out in about 15 minutes on a news.

I suspect when we hit that level, we will see some, uh, turtle soup

action means, uh, we expect it to go up to that level and then sell off.

All right, so let's get this thing going here.

All right.

So I'm going to put your questions in such that over to the side.

Otherwise this will become a very long video and it's

not the intent this morning.

So if we look at the weekly real quick, before we get into the business here,

we have this old high great here.

That high comes in the form of.

100 point 53.

So if we're going to go above that did X number, we would use this 100 point 55.

Now it could go to 100 point 60.

It could go to 100 point 80, but we don't know exactly how high

it's going to go yet, but our expectations gets gone to expand up.

At least to that 155 level, it will be happening most likely on the news.

That's released here in about 14 minutes.

We've cleared these initial highs, but not by much notice that also

we have these equal are equal lows.

Rather me put my donation there.

So I think what we're doing is that we kept a real small, tight little

range here, and I suspected the market's going to rally up, move

into above this 100 point 55 level.

Again, that's because of this weekly high rate.

Price is not, it hasn't been allowed to go down until we get to an old level.

So if they bought down here on this weekly order block, they're

going to want to unload those longs up here above this level here.

We're consolidating great.

Before the news.

Now it can come down again and dry forward, but I don't think

it's going to happen today.

I think we're going to go straight into that 100 point 55 level.

If my assumptions are correct in that outcome, we've also,

uh, just fell short of that 100.

I'm sorry.

That 1.0687 level, which is

maximize this chart.

I can show it.

Let's the last portion of this range in here.

Closing in.

So we can see one or 6 35 as well.

So this could, this could drop down a little bit more aggressive.

They then say the a pound.

You can see how we dipped below that yesterday.

Yesterday's is right here.

I'll recap this entry from yesterday at the daily recap.

In other words, I'll do it around two o'clock today.

I just wanted to focus on today's real time.

Action.

Uh, we have equal highs here as well.

So we may drive down in sympathy with the rally that we expect on the dollar.

That's going to translate into more selling.

But if we see, think about the dollar, if we see the run up above 100 point

55, maybe go 100 point 80, then we fall below this 100 point 55 level.

Again, what that means is is they, they ran it above this old weekly.

And then, uh, do a distribute those longs.

So it's going to sell off those longs there.

We're probably going see it trade back below 100 point 55.

Now that does not change the upside momentum or trend.

And I'm not trying to pick the top.

I'm just saying that that's the next logical area where the market's

going to reach for liquidity.

And it's based on weekly charts.

That's really high probability.

How far beyond that 100 point 55 level that remains to be seen?

I don't know, but I know that we are looking at at least dry

that, that far up, and that gives us a short term bias for cable.

We're going to probably most likely clear out this high that we saw run

up late yesterday on the heels of the Euro pound, which they ran both sides

of the marketplace on that payer.

And we'll talk about that also in the daily recap, but for now that we're

really looking just primarily on.

Dollar wants to get that 155.

There's our buy-side liquidity.

And then we have the layer livestocks here, here, and then we have the

weekly gap and that's assuming largely on how much we sell off.

If we get above that 100 point 55 level and may not do it all entirely,

but for this in session, it may neither roll it into New York.

And we have news later on today for dollar CAD cleared out the equal

loads in here even came down here.

So we have a little bit of a void also.

Okay.

So we have that level 12 on the outside.

We have this low, can I say 1 3490 that the focus primarily is going

to be this, uh, this dollar run.

So we're in an area of a breaker.

Why is this a breaker that went down move right before short-term highs violated

to stops have been taken on this rally.

We've broken through this consolidation with this drive down, we cleared

some sales stops, but we have not seen any prices answering it

back higher at any significance.

The only bounce has been contained inside this previous consolidation

where the buys have been taken to run up above a short term high in here.

So my expectation is, is I'm going to see likely the 100 point 55 level on a dollar

drive for that $1, which is a upside pressure per dollar, which is going to put

downside pressure on foreign currencies.

That's also in line with what we'd expect to see for a breaker

over here and further downside.

So we're looking for.

Uh, another move below that one to seven big figure for Euro.

And again, we could see it go down as low as one.

Oh, sorry.

1 0 6 87 to 1 0 6 35.

If we see continuation

so we could, could potentially see the 2350 level washed out notice.

There was no RMI, marsh

and thoroughly

obsessed about not anything that are in my word now as I should, but

never really considered using it until it was brought to my attention.

All right.

Say back about five minutes.

We're expecting the dollar to rise above this, uh, this level right here, open up a

clean fiber chart and work with this one.

Okay.

So you can clearly see where in the breaker here down candle,

right before the short-term high had stopped above it by stops.

It was cleared out here, forced out this low here we're consolidating to the

expectations of dollars going around.

I said, 100 point 55 level, we're going to stick.

We're going to see the injection of volatility with that three minutes or so.

We'll see that the most likely happen.

So I'm going to sell it.

Here on the breaker and monitor, it says a clean chart.

And again, we're focusing on that one at 6 87 level 30 PIP stop in

case we get crazy price action.

I mean, that's what we're looking for

now.

Again, I suspected that news is going to drive dollar immediately higher in that

should, if I'm correct, preserve leading the show Heinz and allow me an opportunity

to get paid, even if it does reject that dollar high that we just talked about.

So again, say I understand what all this did, this down candle

smart money buys and downtown.

We know that they bought because price started the rally.

Why did it rally?

When, where did it go to?

It went above this short-term high in here in here.

So it was by stops right above that.

So those biceps were taken here.

One more time, swept ginger of lower.

We went below this previous low here just by a little bit.

We've since bounced a little bit, not much or inside of this down candle.

So the buys, they usually go above take these by stops.

They're below profitability onwards.

They have to be medicated.

That's what we're looking at here.

When, when we seen price rally into here, we can see price

trade all the way up to here.

And it's okay.

If not, it's not a big deal because it's still inside of the breaker.

The breaker is the by candle or a bullish Clint, uh, mature block.

That's used to see price go higher, but we only seen the short term high ticket.

And we have upside objectives, $1 still, which means that's going to be pressure.

Let me turn my mind if X book off, because it's going to be getting them on there.

All right.

So numbers should be due out.

Now check our dollar so far.

We're only staying inside this down candle, which is what we're

hoping to see it not go above that and then expansion down.

I liked the fact that we've held onto the initial rally for dollar

we're inside the consolidation still.

And again, even though, okay, for instance, let's say this was say this,

this level here was slightly higher and we did this run here above the 155 level.

Then I would be expecting.

It's a washed out or wash out.

You can go lower.

Okay.

Are basically turtle soup from that run because we have that 155 level up here.

There are known buyers above that level, above this 100.45 level.

There are willing buyers up there.

And if the dollar has been rallying, it makes perfect sense for them to take

price there because they can unload longs.

And when you unload them long, you sell it.

And if you can find willing buyers higher than we are in a price option, that's

what leads to institutional or flow.

You can see what that weekly chart we shown.

The reason why that 100 point 55 level would be even considered.

And while this is typically.

A liquidity void.

And here I'm not expecting it to be filled before this level, because this has more

draw higher, higher pool of liquidity would be resting above the 100 point 55.

I will no words presently there would be.

If we could weigh things out in a scale, there would be more

buyers willing to buy up here than to allow price drop down here.

We've already moved from this level.

So while that may come back and be traded into at a later time, and maybe

even today, I don't suspect it's going to go down that level again, just to

go up because we've already breached these initial short-term buy stops here.

The next area where they could unload longs would be

up here and they may dry that.

Not just above it by a little bit, they might really push

it up their heart and really.

As far as, uh, you know, 1 0 1 level, they can get wildly bullish seeing this weekly

sharp, um, resistance level blown out.

And if we expect that that fosters the, uh, the, at least for me, the

comfort of being able to still stay inside this down candle, I don't

feel so much anxiety about that.

It doesn't mean that trade can't go against me and they could still take

this thing it's it could go down here.

That could be wrong.

Okay.

They could do that.

But I'm saying, speaking, in terms of probability, it's probably not going

to happen before they take it up here.

In other words, if they, if they have anybody down here short, you know,

and they don't have a stop-loss here, they're really going to run it against

them and take up the ball, Melissa.

And if they have a short position and a drive it up to that level and he

didn't have a stop-loss here what's going to happen is when he get to

this level, they're going to do what they cover their short cover it.

Well, how do you cover a short, you buy it back, which again, promotes

more buying at a higher level.

Why would they want to do that?

Because they have underlying long positions.

They want to sell to everything's being engineered to drive price

up to this level here for buyers.

And if they can have buyers at a higher price, they can unload their long

positions, profitably and efficiently, all under the guise of delivering liquidity.

I'm not, it's not something we vilified them as a market maker.

If you're getting fleeced it's because you don't know what you're doing.

And it's part of the business.

Now in terms of mitigation blocks, you've heard me talk about that.

Um, a lot.

And if you're new to my stuff and you joined the mentorship and

you had listened to this video, the, the idea of mitigation.

When we see this up handle right before we see the down move,

this is the bare shorter block.

Cause we know that the smart money cells in the up candle up moves when

that candle is violated rate there, that becomes a bear shorter block, this

up candle when price trades through that candle, as it does here, this bear

shorter block becomes a inversion level.

Now it's world flips that becomes resistance now support,

and you focus primarily on the upper half of that candle.

Let me put it on your chart so you can see what I'm about to explain.

Okay.

Half the body's candle.

When price trades above the down candle, our mind says, okay,

price has gone through the top of this candle right there.

So now anything that they use to sell here, it's underwater.

In other words, it's unprofitable here.

I'm sorry.

It's profitable here, but my dries up above this high, it becomes unprofitable.

So for them to take price back down into this, that allows them

to mitigate those short positions.

And if they're going to mitigate a short position, that means

they're going to get off that short position and add more longs.

So they're mitigating the loss.

Then they're now holding when prices here.

That's why we're seeing price.

Hold on to this range that we're seeing in the shaded green area.

So they're mitigating these positions.

In preparation for an expansion to run to 100 point 55 level.

So when bearish order blocks are up candles before down moves get

violated, real supporting systems, there's ideas come into play in the

form of the ranges of the candles.

And then inside that range, you can define more specifically

what that level would be.

This down candle here

being a breaker.

That's what we're doing here.

We're viewing these long positions that were assumed in a down candle.

We're assuming that they're mitigating those because we went below that candle.

So there's long in this down candle.

They have to be mitigated.

If they're going to take price lower, they don't want to hold onto a losing trade.

If they can avoid it, it's much more efficient for them to keep it clean.

But.

can we get about 12 minutes in a London session, kills her and

closes to ideally we want to see price expand through it at least get

through the initial high of the day

on the topic of my effects books.

Um, this weekend, when we released the teachings, you'll be instructed to get

a, my FX book started this weekend and I will have a, another, my effects opened.

That'll be moving in tandem with each of you.

Now, the one I started, uh, was more or less an interest of mine to show a

couple of people on the sidelines that were watching, uh, what could be done.

So it's not really, even I used the ICT mentorship.

Uh, there are a lot of cable.

Um, around that Brexit stuff, that really wouldn't be a, they wouldn't

be traded by you in the mentorship.

It's a lot of, it was a lot of risk.

So you you'll be seeing a secondary my effects in addition.

So the one you've been seeing, I'm going to be using that for my, uh,

public forum followers, the people that are not in the mentorship,

and then we'll have one that's completely open.

You guys will have access to it.

And when I do it, I'm asking you, please don't share that because

I don't want people getting in, um, in the discussion part of it.

If we can keep it where it can be used just for our group,

that's the intended purpose.

I don't want to have it.

Where two falls come in there and start being very disruptive.

It's not meant for that, but it'll show them, it'll show you how.

I journal I'll give commentary the same way I would do in my own journal.

Um, there's a feature on my effects book that allows you to do that.

And I'll show that, uh, this weekend.

So that way all you will have, and I want to hear, I don't want to open up

my hooks book, Michael, I'm scared.

No one's seeing it.

It's just for you.

I'm not asking anybody to show their, my effects book publicly, but it, part

of the mentorship is for you to have accountability and also documentation,

because some of you are aspiring fund managers in the making.

And this is going to be the beginning steps to you.

Being able to show your, uh,

potential principles that you can show a profit and real

low risk, smooth equity curve.

I mean, it can't tell him you did it.

You got to show it to him.

Now we just transitioned from daylight savings time.

And for about a week or two, there's always this muddy

performance with the kill zones.

Um, there's like a, uh, I guess it's a lag where folks that want to follow

daylight savings, time there's adult, um, it creates a little bit of a, a gray

area for the overlapping on the Kilz.

And sometimes what'll happen is you'll get these post 5:00 AM or what would it be?

London lunch.

I mean, it was when they have typically generally not seen.

And what I mean by that is I'd say, say our assumptions are correct, and we're

going to see a move to that 155 level $1.

Okay.

Our expectation is that markets should expand higher.

Green candle should be moving up into that 100 point 55 level sometime today.

Preferably it should be moving now, but it could do it a little bit later.

And while it would normally do that during the 5:00 AM to 7:00 AM time

period, again, relative to my time.

So we're speaking in terms of New York 5:00 AM to 7:00 AM.

Typically the market will be in a quiet little holding pattern

or a small little consolidation.

If we're expecting lower prices, we are seeing the initial move lower.

This, this range in here that we created.

These short-term highs in this low in here.

Generally, what would happen is if the market stays in that little range between

5:00 AM and seven, if it's going to be a down day, or if we have downside

objective still to be met, uh, the market usually stays in a tight little

range and it's not the one in lunch.

Then around seven o'clock in the morning, the market will start expanding again.

Okay.

And generally, if it's going to be a down day, you'll see a retracement.

In this case, it would be a retracement higher.

We don't want to see that because we're inside of the

mitigation block or a breaker.

So the market is consolidating here in worst case scenario is

that it pops up here to the top end of that range of the shaded area.

Again, I don't want to see that.

I think we're going to roll over Doring post 5:00 AM not because it's

not because I'm going to trade and I'm hoping that's what it's going to be.

I'm talking myself into a favorable outcome.

I'm saying that the reason why I expect that today is because the transition from

daylight savings time is still in effect and it, sometimes it creates a lag effect.

So while generally between 5:00 AM and 7:00 AM, New York time.

That's usually a quiet consolidation.

And then there's a re a retracing of some sort after 7:00 AM, New York time

going into the eight 30 or eight 20, and then the resumption of the trend or

direction of the day that was established during London, then it's allowed to

go and unfold where the daily range of saying would be on, uh, in line

then post 8, 28 30 am, New York time.

I mean, if that went over your head, trust me.

It's great deal.

More detail about time of day and, uh, killed zones in your mentorship

that I felt it necessary to talk about why it's possibly holding here.

And it may roll over after 5:00 AM.

When normally you don't want to be trading between five o'clock

in the morning to, well, I used, I mean, I've, I've done trade.

As early as six 30 in the morning, my time I get up, I see something

I like I'll assume a position then, but generally I like to see it

happen between seven o'clock in the morning at eight 30 in the morning.

That's like, to me, it's like the sweet spot for the New York kill.

When about two more minutes in that?

Well, now one minute before the ITT London kills, and again, I would

rather see the hype preached before we close the kill zone to keep everything

in line and after we'll be on, on schedule, let's put it that way.

Okay.

It's 5:00 AM.

Well, I've been ICT kill zone is closing for London so far.

It looks like we still have, uh, upside expansion due for a dollar.

About to take that initial high out noted by that red line here.

Once that's taken out, we don't want to see any give back.

We want to see it expand.

Let's just create a big green candle.

Now again, we got to go into a role model, a role playing model,

looking at this price action here.

Would you be comfortable if you were short, I'm asking rhetorically.

So I'm not seeing your questions or comments.

I'm just asking, put benefit of those.

Watching the video.

That's a recording.

Would you be comfortable seeing that as a, if you were short on dollar

or if you were bearish on dollar, would you see this price action as

positive for your, uh bearishness would you feel comfortable if he were

short and you had your stop-loss up?

If you were short and you didn't have a stop here, chances are you probably

have it above that weekly high up here.

And you, you thinking, well, that's a good 20 pips away that I should be safe.

That's what retail thinks all the time.

Okay.

If it's about to expand, create a new intraday high on dollar, I've been

getting a lot of emails asking if I have ever traded dollar index and the

answer is no, I use it as a barometer.

It helps me direction.

It helps me build a directional model for my trades.

So I treat it like the Dow Jones, industrial average for stocks.

Now, when we take London session entries, Typically, uh, we're never really in a

rush to take our stop to a break even, uh, we'd like to keep our stop at the

same location we use when we first got into trade in London and carry that

stop all the way to new York's open the time that that changes in the time.

In other words, the way that protocol changes is when we're up against

something like we're looking at here, the dollar is up against the long-term

resistance level in the form of that 100 point 52 level on my data feed.

I rounded up to the next five level, which is the reason that 100 point

55 levels on the chart because we're in close proximity to that level.

We have a potential to cap that range at that level, or just above it.

I'm not saying that it's going to have just a short little run.

I'm saying that because we are in close proximity.

We could go up to that level and then take a great deal of profit taking

there and may see some sell off.

That's not something you want to sit through.

So if we see the Euro dollar short breakdown, we will be more aggressive

today in preserving that position, because we don't know the outcome of

what that height, timeframe resistant level is going to do for our short, it

could go up there and hit that and then sell off on the dollar, which means this

is going to go down and then shoot up.

When we don't have these long-term resistance levels in our path,

one of our shorting like this, then we leave the stop in.

We're looking forward.

If we didn't have this weekly objective here, say we cleared out

this, say this level down here was the higher timeframe, resistance level.

Long-term and we're seeing expansion.

You don't want to show your stop-loss off.

You don't give it.

And allow it to move and it could really take off and run for you.

In this case, we are up against a potential weekly reversal or a re uh,

a period at which it could go into a long consolidation and base for

a little bit, because we've seen a really very aggressive, uh, bull run

on the dollar since Trump's election.

So a little bit of give back at this level would be logical, and we don't wanna, we

don't want to sit through any of that.

We want to get paid, reduce the risk.

As soon as we possibly can take something off and reach for 20 to

30 pips and be thankful we got it.

And then moved to the sidelines.

Once you have the, uh, when the market's really symmetrical

and everything's imbalanced.

Trading becomes a lot more relaxing.

I guess the word is not necessarily Cincy relaxing.

It's a little bit more comfortable.

Let's say it that way.

Um, when the market's not symmetrical, um, even my own trading, you know, I feel

anxious about certain setups, but when it is symmetrical and you can re refer

to reference points, like we discussed here with the mitigation block here,

this last up candle, why we allow the price to come down into that halfway.

That's why we solve this.

We don't want to see these wicks be traded back down into.

So as long as price stays above the body of this down candle,

which is why I noticed that and that I'm not uncomfortable at all.

If we lose this body's candle, then we'll probably have to trade back into this

range during the New York session, while it still could go for the 155 by one.

After that it can do that.

I don't want to be a part of that trade.

So when you understand a market structure like this and institutional

market structure, it gives you a great deal of confidence.

And it gives you objectivity, which is what most traders lack, even traders

that have been around for awhile.

They lacked that they're still flying by the seat of their pants many times.

And at the end of this mentorship, when you're taking your own trades, you'll hear

your own internal voice telling you, okay, well, the market is gone, but this last

candle, after we saw a retracement and lower, now I need to look at this candle

here, divide it in half and be allowing price without making you uncomfortable.

When it's trading down there, there's no sense of emergency.

There's no reason for you to feel anxious.

There's no reason for you to be.

Worried or upset it's expected.

It's reasonable.

And if you have a mindset about price action like this, it gives

you a great deal of clarity.

And that's what separates the neophyte or the reactionary trader or retail

trader from the professional of the professional to understand price action.

They can go in and see price and say, okay, I understand what's going on here.

Wow.

Anyone else looking at a one minute chart or a five minute chart?

And they're seeing this being formed with a down candle.

They're thinking it's the end of the world.

And the dollar is going to crash because there they're not

looking at things objectively.

They have no framework at all.

So when you get to your trading where we're outside the mentorship, and there's

no videos of me talking about it, I'm not over your shoulder with you, or you're

not over my shoulder watching me comments about why the market should be moving.

Like.

You'll have your own internal dialogue taking place.

And that's the part of the mentorship that you need to be engaging in.

You'll probably hear my own voice for a while, but eventually you have to

say this stuff out loud to yourself.

You have to talk about it, even though you're in your room by yourself, your

trading office, or whatever, say out loud, like you're teaching someone

speak about the things that you're learning in the mentorship, and it

becomes your own internal dialogue.

And in my voice will be replaced by your own.

And then when you see price action dome, it's saying you won't, you won't feel

that tug of war that you feel now as a, as a new trader or someone that's not

been consistently profitable, you'll feel that start to be, uh, removed

from your, your thought process.

And you'll have clarity.

You won't have any of these, uh, knee-jerk reactions and psychological pitfalls.

That tug of war.

Am I in the right direction?

Am I in the right trade?

Should I have done this?

You're not thinking about those types of things.

You're just focusing on what makes sense.

What makes sense is that the market shouldn't come back down below halfway

of this candle, here is up candle price came down half to halfway through it

here, and now we're seeing expansion, which is what we expect to see.

And we give the market time.

Again, it's submitting to time the market's going to do when it's

going to do it on its own time.

We just wait for it to happen.

But we build parameters where we allow price to do a certain

measure of adverse price action.

Okay.

So our allowing price to move against our intended direction,

but it has to be within reason.

You know, if this thing was a mitigation block, it wouldn't need

to come all the way down here.

To do that jeopardizes the outcome or the framework of your trade or my trade.

So what I'm willing to see is I want to see this candle right here, after that

be eroded into, which is what we saw.

They whipped several times into it.

1, 2, 3, 4, and now we got through to the last day on candles bodies.

These down candles have now been turned into bullish or

blocks to now going forward.

Institutional order flow, permits us to trade a little bit higher

and it can retrace back down into this level right there.

This no longer is a viable level cause it's been breached.

So we removed.

So now we wait and watch and see if there's any further expansion.

If it starts to retrace and we do not freak out, we do not get scared.

We don't panic.

We don't send direct messages to ICT.

We don't send them in the question box with what should I be doing?

Jimmy, take profits.

You're not asking me anything you're observing.

So when price expands like this, we permit price to come back down.

This is a retrade to that price.

Now it broke through the previous high.

It can come down here in this candle, hit it, trade back down to this one

a little bit too, and then expand.

That's all normal.

It's all normal price action.

But sometimes you'll see this and say, okay, well it just went above that high.

It's at a turtle soup cell.

No, no.

This is all normal price delivery.

Why would they, why would they, um, I'm thinking out loud now because

I'm thinking if I was new, what would I be thinking about this setup?

Why would they only allow price to go up just this much and in

reverse it when they have the stops.

So close to where they're at right now, it's just a short little

distance, bike it up in there and they could do that in one minute.

They could do that.

It could gap up there in 1520 pips and run those 10 55 stops.

Why would they want just to come after this buy-side liquidity, when they have

these huge weekly objective resistance levels, where are they seeing people?

Obviously they knew there's going to be traders that have orders

up there because they're looking at a hard time weekly chart.

So if they have this big neon sign and I make, I make this joke a lot.

Yeah.

Everyone's looking for a neon sign.

Well, there's anything outside.

Okay.

There's there's willing buyers up there and they're screaming self.

Sell to me.

I'm right here.

Sell to me.

Well, the market's gone to oblige them because they have underlying long

positions and they want to get out at a profitable position and what's the

best place to sell at a higher price.

So while we have expanded about this initial intraday high, that's great, but

I don't believe the train's finished.

I think it's going to drive up into that 155 level and

accommodate those individuals that want to buy at a higher price.

And that's that market efficiency paradigm in action.

So we hold and we wait and see the outcome.

Now bear with me for a few minutes.

I'm going to put you on mute.

I knew I need to get something to drink now, the longer it takes

just below a resistance, I like we've outlined for the dollar.

The longer it stays down here, the more inclined I'm to believe that once

we get to that level, it's probably.

Um, a great deal, more profit taking no words.

We could see it, turtle soup there.

And again, that's the reason why we need to be nimble about our

short position on our Euro trade.

We want to take something off, get her stopped down the break, even

so that way we can objectively manage the last portion.

Now, the other thing I'm looking at because I'm balancing market symmetry

and we're seeing higher high in the dollar, which is our intended

outcome, we would expect to see that that's what we're looking for.

It's the favorable price delivery that suits what we're trying

to do in terms of our trade.

The Euro has yet to make that lower, low that's problematic.

So we need to see and start.

Seeing some, uh, downside movement on Euro.

You get back down below this low, that's all part of trait management.

When you first started trading, or when you first started learning about trading

or before you got involved in it, and you heard everybody making all this money,

he thought it was a, like a rock concert.

You get into the charts and all these trades take five minutes and you're done.

This is what, this is what it's like.

It's a whole lot of this type of stuff you sit and you wait and submit the time.

I remember as a new trader, I saw all the things that were talked about and all the

books I bought, I bought a lot of books and you see the outcome of their examples.

And you see the example that you see at say a daily chart or a weekly chart, but

you see the move and you're thinking, wow, you know, if I did that same

day, Yeah, I would be so profitable.

I'd be so happy.

But when you actually start doing it and you get into the trade and you're

like, why is this taken forever?

Why is this, why is this not doing like the books said, well, the books never

said it's going to take five minutes.

And that's why I tried to tell you that you had to submit the time you gotta,

you gotta let them a price action move.

It has to take time for these things out there that, uh, pan out as a nutria.

That was one of the hardest things for me to do is okay.

I have a trade on and I have an objective.

Why does this distinct hurry up and give me my money.

It's not your money.

You got to take it from somebody else.

And they're not in the line that does give it to you freely.

So you have to wait

and watch the dollar index.

We had this level already on the chart.

Baking tray down into the body of this candle here.

No worries.

Let's do this.

It can trade down into that.

And that's permissible.

It's not the end of the move.

It's not something to be concerned about.

It's normal price delivery,

minor little retracement is the other thing.

He used to scare me out of the trades when I was trading bonds and I would

be trading a SMP, the moves inside the enter date and bond price action

would sometimes be well erratic.

It could be a lot more choppy because it wasn't always in a trending market move.

We had a lot of range trading when I was trading.

Then ultimately the big bull big bull market took off, took off,

and obviously everything became a trending environment, but, uh,

sometimes the retracements would be.

Enough to scare me.

And that was the hardest lesson for me to get that to learn is if I was,

for instance, if I was bullish, say for matter of example, say this dollar

index chart was the S and P and say, I was long and say, I bought down here.

Okay.

Now I didn't know, or block in, uh, um, institutional or flow back then.

I just knew simple stuff from the books and it was discovering a lot of things.

And most of my work came from learning from George Anjell and Larry

Williams as it relates to the S and P.

But when I would be long in here.

Okay.

And I have a little bit of a movement in my favor, as soon as

the market where retrace back down, I'm scared, I'm bailing, I'm getting

out and then knew sooner that I got out of the trade and collapsed.

And you see what the market would explode up.

I can't tell you how many times I've put my foot through a monitor over that.

I'm like, what is going on?

Why am I doing this?

I don't understand.

And because I was, I was unaware of the delivery of price.

What is normal price action.

What's not normal.

And at the time and still to this day, no, one's made a book that explains that.

What I've just explained to you here, um, folks that understand

price, okay, would have that in their books, they would teach it to you.

They would show it to you.

And that's why I know 2,600 plus books I've read.

I never seen it.

It's never there.

And I used my own development as a, kind of like a precursor to a future project.

Um, I aspire to write a book, but that was going to be like

later on, like in my fifties.

And it's like my.

Last project for my life, but, uh, kind of like one of the Chronicle, my whole life

as a trader that went because I have a lot of stories, tons of stories that I think

that in the same, I guess the genre of Jack Swagger's two volumes market wizards.

Now, please don't assume that I'm trying to classify myself as a market, whether

it's, I'm not, I'm just saying I was always interested in the storylines that

they provided in the, in their interviews.

And I think, you know, at the risk of sounding, he gets us to go with my

storylines better than any of them.

Um, because I came from really nobody, no one helps me.

I didn't go through some kind of, uh, you know, being raised

by an affluent lifestyle family.

And, you know, they pass this knowledge on to me and, you know, I had to

be, I've come up from the trenches.

I mean, literally I came out from nowhere and I think that, uh, you

know, for someone that has never.

Encountered my story.

I mean, most people see me from the arrogant ICT and, you know, messing

with trolls on the internet and, and doing all kinds of businesses

like that entertaining myself.

But if someone was introduced to the, you know, the, the life that I've

lived and the development as a trader, I think it'd be an interesting read.

I know I would be interested in reading it because it's

very, is a lot of stuff in it.

There's a lot of stuff, but, uh, the way I learned all these things,

um, I think it's, what's unique.

It's its incidence.

It's very interesting, but some of the pitfalls I had coming up as a

trader, I still to this day are not answered in anybody else's work.

And that's what I have made a kind of like a life's passion, you know,

it's my life's work really to teach you the things that I use to overcome.

With plagues, everybody else as a trader.

And I took the strength from the things that work and I filtered

or patched and filled in the voids where the things that don't work.

And I used my personal development.

You know, I used that as a framework and while I wasn't necessarily

viewing myself as a Guinea pig.

Okay.

Or a lab rat, uh, essentially I, I was, and didn't realize it until you really

look at it in hindsight now, you know, 23, 24 years of doing this, I look

back and I'm like, you know, many times I'd be crying, literally tears upset,

throwing up shaking in convulsions because of the amount of money I lost.

Um, it was, it was rough, but I can look back now and say, I'm so glad

that I learned from that stuff, because it would have been really

terrible to go through all of that.

And never had learned anything from it.

I mean, I could have been a statistic.

I could have been out there, you know, in, in a grave somewhere, literally integrate,

not in the trader's grave where I'm no longer trading, but I could literally have

been dead because of all the stuff that I endured, uh, put a lot of stress on myself

and it's just, it's completely avoidable.

If someone that knew how to do it or avoided with simply to share

that information and it, by itself that doesn't teach you to be a

millionaire, but it affords avoid you going through needless suffering.

I think more traders would stay in the game longer if they learned

at least half of the things I teach you don't even, don't even

worry about trying to make money.

Don't worry about being profitable, avoid the things that cause

premature termination of your trading adventure, because.

If the statistics are accurate and I believe they are, um, within 90 days,

most people don't have their account because they've done something okay.

In this first three months that led to emotional reactionary trading.

If you get in and you have a hot, hot hand and you get in and you

start making money right away, um, that trains you to do well.

Expected all the time.

And as soon as you don't get that response or that profitability, your second

month, you start pushing the envelope because you wouldn't get that same rush.

That feeling of I'm better than, uh, you know, it was the previous month, you know,

I need to outperform what I did last month and that's the worst thing he could done.

And that's why I teach having low end, um, profit objectives, keeping

it very sober-minded objective.

Now that's the reason why there's going to be a secondary, uh, my

effects it, because I'm not trying to advocate 60, 60% per month returns,

that's competition level trading.

That's what I do when I'm trying to really push the envelope.

And that's not how I'm going to deal with.

When I trade next year in the Robbins, uh, world cup, I'm actually going

to push it even harder than that.

So I'm going to be trying to do like 75 to 80% returns on

a month, month to month basis.

I want to deliver something for the Forex division and that, uh,

trading contest that no one's ever going to be able to run.

Kind of like what Larry Williams did with the futures where 11000% return in 1987.

So what I'm saying here is if it folks would spend the time, okay.

Understanding what price is doing and why it's doing and what I'm watching, I'm

waiting to see if this Lowe's violated on Euro then or out of the clear, okay.

Lower, low retrade back to this level is permissible.

So now I have my reference points.

I just want to make sure I keep that in mind, not talk myself away from focus.

So, and this is what I was telling earlier in the example of sale was long on the

S and P and I saw this a little bit re retracement that would have scared me.

And then all of a sudden, boom explodes.

That was the repeating phenomenon as a new trader for me, the retracements

or the normal retracements and price delivery, they would scare me.

It would spook me out of the.

And it was so frustrating because many times, um, that would happen.

I would have enormous positions on way over leveraged hugely overleveraged,

but I didn't have anybody to tell me what I was doing was wrong.

So I was flying by the seat of my own pants.

So here I am, I'm sitting in my aunt's, uh, bedroom I'm I'm paying room

board to stay there 50 hours a week.

Okay.

And back then, you know, the hours for what I was earning was a lot of money and

I'm quietly making money on my computer.

And I'm putting all these huge trades on.

I had no idea what I was doing in terms of leverage.

I had no idea what I was doing.

Money management, all I was doing is following bicycles and all I was

caring about, and I would be long three, four contracts as S and P.

Now this is back when the S and P was $500 per one for him.

They, they end up splitting it in half a years after I started and moved it to

$250 per PIP or per hand, or either, or on your basis points, it would be $250.

When I was trading, it was $500 per 100 basis points.

So here I am, I'm trading you a thousand dollars per handle.

Okay.

On an account that just barely had the equity to hold that.

Okay.

You know, they have, you have initial margin that you have to have

before the trade can even be opened.

Then you have maintenance margin for futures trading.

So I didn't even know what that was.

I was putting the trade on.

As long as it, let me take the position and I'm doing it right.

So I'm calling the broker and saying, this is how many I want to buy.

Okay.

It is what it is.

You know, Lynn Worldox H desk, what's your pin number?

Get the pin number.

Well, how can I help you?

I want to buy for June S and P at the market.

Okay.

Hold for your field.

Okay.

Confirmation number, blah, blah, blah, long June for S and P spoos done.

And it's it.

Now notice I didn't give you a stop-loss you're right, because I didn't have one.

I didn't have an objective in anything I just wanted to be in.

Okay.

So now naturally think about it.

I'm giving you this example, say the dollar index with the

S and P I'm long down here.

And I see this a little tiny little retracement here.

I'm freaking out because I had what I had a $1,200 profit a minute ago.

Now I only have 150, $175 profit.

I don't want to see it lose.

I don't want to see a loser.

I don't want to see it come back against me.

So what happens?

I get scared.

I call the broker up, go through the whole process again.

The whole time price is still ticking down against me and retracement.

So now I only have $115 profit.

Okay.

I want to get out, get out.

Tell me now.

Okay.

Hold for your fill.

Those 10 20 seconds is like a lifetime on the phone.

When you call you.

Now again, we don't do that today.

It's all clicking go.

But back then we had to call our orders in and you had to wait and God forbid

that markets it's active and you gotta wait for the desk to answer your phone.

Oh man.

It's panic city.

You think you're having a freak out session.

Now when you're trading Forex, try having to know that you can't get out of the

market until the guy answers the phone.

Okay.

And believe me, yeah.

Is unnerving.

So here I am.

I'm sitting here watching the retracements own, these moves and I'm baling.

I'm getting out, I'm collapsing them.

And then all of a sudden you see this, this is what takes place.

Now imagine I'm a probably potentially up if I was held on the position,

several thousands of dollars and this was happening almost every other day because

I was trading every single day trading every single day with the expectation

of catching a big move every single day, again, not knowing what I was doing.

So one of the lessons I learned was.

When I understood how price is delivered, I immediately went

back to all those storylines.

Like I just showed you in this example, talking about, uh, know reflectively.

And I was like, you know what?

That was the answer I needed back then.

But no one was able to teach it to me.

They don't put it in books because I honestly, I don't believe they knew it.

They don't understand it because the folks that have worked in the industry, okay.

They're not really supposed to talk about, you're not supposed to do.

You're not supposed to talk about this stuff.

You're really not.

So I had to create a language and some of it sometimes sounds comical.

Nick, did you to swim?

You know, when I dubbed a certain protection, every state in the

marketplace, um, Ari knew that that was going to come with some certain

measure of a backlash to those people out there that think they're smart.

They think that they're hot shots.

They think that you, they learned, uh, like all fate learned supply and demand.

They've learned, uh, moving average crossovers.

Um, anything that's out there, everyone gets brand loyal.

And my group is obviously not an accept, any exempt status to that either.

You know, in fact, my following is probably much more aggressive.

They're radical.

Uh, they're highly supportive of me and, but I'm polarizing you either.

You love me or you hate me.

There's no in between.

And that's all been part of the carnival atmosphere I created on

America online because it draws a crowd.

Whether you like it or not, you'll watch, it's like a train wreck.

You don't really want to see it happen, but you can't look away.

So the folks that get enamored by it and it's and go, well,

this is something to this.

Let me look into it.

That's the person I want to know.

That's who you are, you're here because you saw something that made sense

that you didn't understand before.

And it resonated with you.

That's that feeling I had when I was learning all these things

from institutional perspective, it made perfect sense.

The things that I endured in my own trading, the things that I was

taught, all of it meshed together.

And it gave me a complete, comprehensive understanding that

otherwise would have never gotten.

So when we look at price and we see, uh, retracements or we see price reaching

for a specific level, it's not random, it's there because it it's normal.

When you get in your car and you put the key in the ignition, you

turn it with the reasonable outcome.

It should start up.

If it doesn't, there's a problem, not in the problem of your procedures.

Know the protocol you're getting in a car and putting the key in the ignition

and turning it, expecting the outcome of the initial, starting the vehicle up.

That's expected.

You don't need to change that procedure if it doesn't start, meaning you

to say, okay, well what's going on?

Do I have a connection with my battery?

Do I have gas?

Okay.

Then you have to there's checks and balances and we'll

check training the same way.

We'd look for specific things that start the idea or the trade.

Okay.

The key is knowing what it is just like that key can't you

can't start the engine up.

Anyway, I put that key in the ignition.

Well, you have to have the keys, understanding why the price should

even start going in the direction.

Our understanding this is there's buyers up here.

So that's what starts this whole process.

We believe the price is going to go up there because there's willing buyers.

So if that's the, that's the outcome between that Terminus or where the

outcome comes to completion and where we're at now, what are the

normal expectations between that ending and where we are right now?

And by having that framework, it gives you reference does, okay, this is normal.

It's normal to expect these types of things.

It's normal sometimes to get in your car and the cold weather and put

that key in the ignition and turn it.

And it doesn't fire right up.

It has to crank a couple of times running around, running around, right.

And then fire up.

That's reasonable.

Why?

Because it's so cold outside the engine's cold.

It's a normal expectation.

Now, if you give it to, no, I'm going to say this ladies,

please don't take this wrong.

Okay.

But my wife, when we first got together, uh, we, we had a really cold winter

in Maryland and really deep snow.

And she went out to her car, put the key in, like anybody

else would put the key in.

And at the time we owned a Pathfinder and she got in the truck, turn the key.

And it was like, ah, and re right away because it didn't fire up.

She turned the key off, ran back in the house and says, Michael, look, I said,

there's something wrong with the car.

And I was like, what do you mean something wrong with the car?

Which is it?

Won't stop.

So I said, okay, well let me go out here and take a look at it.

She's watch, watch what happens, let me do it.

I'm like, okay, she gets in and doesn't even give it a

chance to fire up this earner.

It's eight.

It doesn't start.

I said, what are you doing?

You got to give it a chance.

I thought we're trying to key in that it cranked a couple of times

and then boom, it started up.

But because of her limited experience dealing with it,

because when we got together, you know, she was only 19 years old.

So we're talking about way back so long and short of it is lack of experience.

Okay.

Even something as simple as that, it, it gave me clarity when I understood

the things that would be reasonable in terms of weight prices, reacting.

Okay.

My wife, because she was young and this first time she's ever dealt with

it because she didn't really have a, uh, a vehicle like that until we got

together, you know, she was young and I was recently divorced from my first wife.

The long and short of it is I'm trying to draw a parallel or an analogy on how, when

I saw these things happening in price.

And I S I attributed them to things like we do every day.

We take it, we just take it for granted things that we normally do.

There's a process, there's a procedure to it, but because price has never

been adequately taught in books or in courses or anybody that you supposedly

educates in the, in the realm of, uh, teaching trading, uh, that big

chasm or void in understanding or teaching, that's a huge opportunity.

And that's what I tapped into, um, because I knew it was a void for me,

my understanding as a trader, I didn't understand why I was freaking out

with one or two candle retracements and then all of a sudden the market

would explode in the direction.

I thought it was on.

That is demoralizing because if I would just had a calf of the positions

that I gave up like that, it would have been much, much better for me in

terms of where I'm at in life, because it was, it would've been a lot more

money, but the adverse feelings about doing it over and over and over again,

that's the part that, uh, that's the part I wish I could have avoided.

And if I can do that with your, your learning, to me, that's a

success because you know, it's avoidable, it's 100% avoidable.

It's no reason for anybody to go out and endure all the things I had to

go through, but you can't get there without having a frame of reference.

And that's why I wish there was a book.

I wish I was a book or, or some other source where I could have pointed

to everyone and say, Hey, look, go here and check this out because this

is, this would have been, this is.

Which you've been looking for, but it doesn't exist.

Now, again, over here, watch the down candles.

We didn't run to the 155 level.

They left those intact candlestick guys.

They're going to see this as a 10 bar when the liquidity still rests above 100

point 52 relative to the weekly chart.

And again, this is the reason why we do not jam our stop loss down, because

if we put a load, our stop loss down to break, even, or say just above these

highs over here now, all of a sudden we'd be worrying, oh, it's gonna, it's gonna

hit my stop versus focusing on, okay, well, this is reasonable expectation.

This is reasonable to expect that the trays retrace back down here, it

changes and shifts your focus to what you really should be focusing on.

There's two types of traders.

And you gotta, you gotta figure out which one you are right now, and you gotta

figure out how to become the other one.

I'm going to refer to there, there are traders that trade to make

money, and it's traders that trade and fear losing 99% of traders

today are traders that fear losing.

So you're trading scared money.

Scared money is very hard to make money with very, very hard.

And my example and analogy using the S and P is a case study

that I have hundreds of those.

If we were to sit over top of old journals, I could share, I can

show you where I literally was crying over the journal thinking.

What is going on?

Why can't I like, can I get this?

Why can't I grasp this?

It's like, I see it happening, but I allow the market to scare me.

And when it does, I get out and I class a trade and I'm demoralized

by it because it would be so much easier if I would just not do it.

Now, the answer to this would be what I don't, I'm not asking.

So I don't wanna look at anybody's questions.

As soon as I see something that's going to divert my attention there.

And then we'll be talking until eight 30 in the morning.

But what would, what do you think the answer would have been

to, for me to overcome that?

The easiest thing is, is when I put my trade on nowhere, I want to

get out of that, put my stop-loss on, and then set a time where I

had to step away from the market.

Allow either the stock or the objective to be hit, but allow.

When I started doing this, I did it in increments at 30 minutes.

I said, okay, I'm in my trade to stop.

I put a stop on, I put a limit order on and then I'll have to walk away.

And I had literally walk out of my aunt's house for 30 minutes and I would walk

around the too cold, this ax that we lived in to allow the market to do whatever

it was going to do for just 30 minutes.

And then I'd come back and look at the chart and sometimes.