All language subtitles for v 11 (J) EN

Thank you.

Thank you.

Thinking I am doing wickedly.

Good.

Thank you for asking extremely
busy, but a less nonetheless.

Okay.

We're going to go into a discussion
of current market action.

Keep everything in everyone
abreast as to what's going on.

I'm doing well.

Thank you for your concern.

Family's blessed as well.

So I'm going to put your
question box over here.

So hold your thoughts for a moment.

Okay.

I will prompt you probably a couple
of times throughout this presentation,

but let's keep our focus on this.

Okay?

So we're looking at the dollar index
here, and we've been looking for

sideways to down movement, looking
for that sell side, liquidity DB taken

out below these equal lows in here.

This is like a big old bullseye
for a run on liquidity.

These types of things don't
stay in the marketplace long.

Whenever you see bodies of the candles
like this, even if there's a wick like

this, when they start coming back into
this area, you want to ignore this

down candle as a potential bullish
or block, even considering this area

as a fair value gap, this ignore.

And focus on this because they're going
to be aiming for that area right there,

especially when you can see in other
foreign currencies and other markets

and other asset classes, if they're
similar price, reference points like

this, where it's too clean too, to equal.

Okay.

I mean, look at the bodies.

I mean, they're exactly the same.

They're exactly the same, except
for the opening on this candle here.

So when I see things like that, it's,
it's a very strong magnet on price.

It'll draw a price to that level.

Now we had already closed in this gap
up here and we've moved and we drifted.

We moved below this bodies of these
candles in here, absorbed all the

liquidity below this low here.

And we weren't able to get
back up into this body here.

So we fell short and went
into the Wix of this.

So I'm sorry, the wicked this
up candle, but just didn't have

any momentum to get higher.

Just roll right over and start now
looking for the Southside side.

Liquidity let's bounce
on over to the European.

And we had a, uh, a gap
that was remained open.

Let me say it correctly, Michael,
that was remaining open since the move

first, uh, punched up into here and left
that small little 25 PIP arrange open.

Now we were looking for 1 0 7 20 as
an upside, and that is this opening

here one or seven 20 right there.

But we were focused primarily
on that low that's all.

We were really demanding in
terms of the fair value gap.

Uh, today's high comes
in exactly at 1 0 7 20.

So the things that we teach and you've
seen earlier on in this mentorship

with the intra-day precision, that
same element of price action study

and reference points still exist.

Even on these higher timeframe
charts, we have buy-side

liquidity above these equal highs.

Remember, it's the same thing
we're seeing here just in.

All these equal loads on the dollar
index is the equivalent to this.

That's where all the buys stops arresting.

So they're going to want to try to
drive price up into that area here.

Now, how much further
beyond that at this point?

I don't know, but I certainly believe
between now and the inauguration is,

uh, we, we're probably going to see it
punch up into that the area cleared out.

So we still may see some
further upside on Euro dollar

British pound.

Hello, you awake by Agra.

Okay.

Uh, the market got down into the sell
side liquidity and we were already looking

for a little bit of a move up into here.

And Nick didn't give any kind of,
uh, so often pause and do anything.

It completely rolled right on
through it, steamrolled it.

And now we're up into, beyond
the means threshold of this

bearish or block, but our liquid.

Is where we're being aiming right here.

We're looking for this.

So if we got above all this area
in here, we're looking for the

buy-side liquidity about this high
up here, closing in this range.

Now more specifically, we have this
short-term high, so let's make a

reference point for that because it
may in fact be reaching for that,

not just, just to poke his head above
that short-term high right here.

So that comes in at

25 20, so we could potentially see
it roll right up into that level.

Clear out this level of liquidity.

Uh, I don't know if we're going to get all
the back up into this bear shorter block.

It can happen if we really start
to push higher, but it's already

moved a great deal just in today.

So you can see again,
watching that old, low back.

Well, we'll be arresting below itself
stops and they hit him, but we didn't

see any kind of continuation rate
from the beginning on the open.

It just rolled right on higher today.

So very extreme strength on cable.

Admittedly, I was not expecting this much
surge on pounds, but there you go, us CAD.

Uh, we still have this liquidity pool
down here right below these equal lows.

That's what's being noted.

Uh, this has already been taken
so we can take that off our chart.

And that reference point is now expired.

So we're looking for this to drive down
into that one 30 big figure could be a 1

30, 80 on a downside if we spike through.

Um, it would be interesting to see what
we do at that moment below one 30 is, uh,

puts us down into this order block here.

So we may have.

Further downside to 29, 29, 40 to
29 35 in that area, based on this

down candle, uh, we have a little
bit of a fair value gap in here.

Uh, that would be, uh, closed in
the low that we would be looking for

self hospital of this low and the
return back to this four block

where they lasted, they're buying

right there.

So downside objectives are 29, 40
to 29 35 and a little bit longer

term on a swing trade basis.

We have 27 60.

So, but we'd have to really lose ground
below this low here does equal lows.

It may punch back.

Me neither retreat back to the bodies of
these candles in here, the bodies Lowe's

and then it may make a run down here.

I don't think it's going to be a
straight punch straight through.

I don't think that's going to happen.

It may surprise me and make me look
like a fool and just do that very thing.

But I think bearish dollar is
expected in here for right now.

So if we're weak on a dollar, it's
going to be really weak on us CAD.

And we have noticed where there's less,
uh, institutional reference points,

our sell side liquidity pool here.

And then we have cell stops
below here with a overlapping, a

bullish or a block right there.

So there's your reference
points for us CAD?

All the dollar.

Uh, we had our wind up and our
release for price taking out that

75, 25 level by stops right there.

And I told you to go back
a little bit further.

There was a high that I wanted
you to reference the bodies

of the cables right here.

That high comes in and with
the clothes rather than have to

high with the clothes comes in.

And I'm sorry, rather open good grief.

75 62.

So we were looking for 75, 60
to 75 70, and today's high comes

in at 75, 62 to the PIP nuts.

Still think we're gonna
punch through that.

Uh, we were a little bit lower than
this old high back here earlier

doing, uh, the New York session,
even back a little bit of a ground,

and then we search one more time.

So I think they're going to want to pop
it through 75, 75 to 75 80, even on a real

extreme drive on intraday price action.

So we were looking for this high
back here, so let's just do this now.

We'll adjust it.

And that's the level we're
looking to see it pop through.

This has already been achieved
to a nice little, uh, 1670 PIP,

uh, rally today or there about
some roughing it and Euro pound.

We gapped up into the premium filled in
almost, almost not entirely, um, up into

these, uh, these lows in here closing
in just about 80% of the fair value gap,

and then quickly, uh, rejected on the
dollar weakness and a Euro relative terms.

It was, uh, it's bullish.

Yes, but it's been destroyed by that.

That's like a monster that's
like a monolith sitting

there on there on your chart.

So it going forward.

Okay.

Going forward.

Hang on one second.

Okay, going forward.

Uh, we have a huge range in here
on cable and judging by the fact

that we, we cleared out a really
significant old, low back in October.

In 2016, we quickly rejected a lot of
shorts being covered on this and what

we do after we get above this high
we'll set the term for the longer term.

I still see pound dollar week
and I see it going a lot lower.

And I think we'll probably see,
uh, the one 12 this year in 2017.

I think that's what we'll see.

And, uh, British pound dollar.

So, but it's going to take a
while to get down to those levels.

But I think that, uh, right now,
We have to keep our focus on what

we see above that 24 30 level.

If we get up there and reject
and give all that range back.

Okay.

Uh, that would be an amazing setup for
con confirmation, in my opinion, that

we're going to go back down below a
1 20 43, and then it's going to be a

ferocious, uh, so off now what changes
it and makes it long-term bullish is

the fact that if we can not, if we not
blow through 24 30 here, if we pull

back a little bit and then give a little
bit more ground back on this rally.

Now, if we search one more time
through and get through that 24 30

level, we're probably going to have
a run up into these highs up in here.

Cause if you look at it, we still have
that same phenomenon taking place.

It's just a little bit
deeper back in price.

Look at what we have here in the dollar.

We have these equal lows.

And the bodies of the candles.

We had the same thing on the highs
up here with these equal candles,

that same phenomenon being seen in
cable just a little bit farther back.

So if we do affect C a reversal and
the dollar continues to slide lower,

we're going to probably see this level
and to get this thing out my way.

So I can see, uh, 27 thirties.

So 1 27 30 could happen.

Uh, there's a lot of news coming out
of the UK and Europe zone about, you

know, what's, what's the status of
the UK and the Brexit, whole business.

And there's a whole lot of arm wrestling.

UK is going to take measures
to, you know, the resist or.

You basically block the vote
and it's so hard to read.

I don't know, personally
what's going to happen.

You know, I don't ever claim
to know that type of thing.

And I think no one really does.

I think everybody's going to have
an opinion, but, and then when

they're right, don't say, Hey, yeah.

I said, this is what happened.

I would never claim to say that.

I don't think that's, what's going to
happen that to an outcome where people

can say this or that's going to happen.

And they therefore have prognostication.

It's still a gamble.

But me personally, regardless of
whether the Brexit was happening

or not, uh, the dollar strength is
going to bend the knee of England.

And they're going to have to, you
know, basically you bow down to the

strength of the dollar, the, the
stubbornness of cable in here to

get below that one 20 a big figure.

Um, it's just to me, it could
be a really significant.

Intermediate term bounce, that leads
to a much larger price swing lower.

Cause if you look at what we have,
this is a large consolidation.

We're only really returning about
the midpoint or equilibrium of

it, which is reasonable to expect
when the next move takes place.

It's hard to see it when
we're zoomed in like this.

When we start going out a little bit,

you can see that we had a
consolidation here, break down,

we're running a little consolidation.

We're only at the equilibrium price point.

We're at the mid point of it.

So this, even though this is a
monster of a rally inter day on

one day, it's only returning back
to equilibrium or fair value.

That's why it's important
to see what we do.

And I know it's probably a little
difficult to see with all this

business going on, put this back like
this apparels of live broadcasting.

All right.

So.

If you look at it like this, we have
price coming back up into the, basically

this whole big block of price or range.

If you will.

We're only back up in the mid point of it.

If we trade significantly above that 24
30 level, because it may just be popping

back up there to take those stops.

Cause that's where the logical
stops of funds are right now.

They're sitting right there.

That's why I've noted.

That's where the buy-side liquidity
is whose buy stops are there.

It's certainly not yours.

I mean, why would you
have buy stock there?

I mean, it's hundreds of pips away.

You probably got your stop
about 18 pips away or less than

50 pips to say it like that.

So what's uh, what liquidity pools
resting above that is a large fund.

So now think if this market's going
to move another leg like this.

Off of this high does projected lower.

They're going to want to come back
to get some seats on that, right.

To how do they do that?

They got to pair it up
with willing buy orders.

So our focus is going to be primarily
on what we see in terms of price action.

Once 24 30 is ran out if 1 24 30 ran
out and then goes through 25 20, and

then it explodes to twenty-five fifties.

It's probably not going down near term.

And we'll probably either return back
to the range here, or we'll start

looking to blow out that 27 30 level
on the high end of this range here.

So I don't see this.

I do not see this as a long-term
low and we're going back

up here to close this void.

And I don't see that.

So if that's what you're thinking, I'm
expecting, even if we do pop through and

we come back to this level here, I am not
saying that the British pound is going to

keep on rolling up and clear this void.

I think this is here for.

It's just, you know, it's something
that, you know, people are just going

to have to deal with and more, I'm
more inclined to see when we get

back below that a one 20 big figure.

Um, you know, one twelves is in
the cards for a per cable for 2017.

So just because we're in a
big rally like this, okay.

Big monster rally doesn't mean that
that's a reversal and that's the problem.

Sometimes, uh, traders will see
that and say, okay, it's making a

long-term low or it made a bottom.

So therefore I want to, I want to start
buying it and I'll either chase price,

or they'll start looking for bullish
patterns and all this other business.

If you look down here, there's
really nothing except for this gap.

Okay.

So we had two up candles
in here in museum backend.

We had an up-close candle and we
had a closed candle with a gap.

We had priced rage up through it.

So what's missing down here,

sell side delivery.

There's a gap.

Now what makes this one tricky is you
have this candle's wick and you have

this candle's wick and you have this
candle's wick to be perfectly balanced.

This is what would have to happen.

Price has to come back
down and closing that.

Let me put these delineations
on, as you can see.

So about Ron 1 21 64.

Now these are not going
to be specific levels.

You have to look at the actual levels when
you're your chart and down to a 1 20 40.

So we have this range that's exposed.

Buy-side offered in today's range.

We get down.

So even though the price did get
down, there was no selling offered

here, new selling a delivery
only buy-side deliveries here.

So when it pops up above this 1 24 30
level, what we're going to be doing

is watching to see if it wants to draw
right back down into this level here.

And if it does, I am not looking
at anything down here is a little

shorter block because there's
nothing, there's no down candle.

So w what I'm viewing here personally,
I'm seeing this as a squeeze on fund level

by stops, which is above 1 24 30, squeeze
that, and then if we immediately roll back

hard, as we see immediate rejection, now
I'm not saying we're going to see this

run up, like this, hit this high, and
then see a big candle down all one day.

I don't think they're
gonna make it that obvious.

I think they're gonna see it, set it up.

If they're going to reject it,
they'll reject it on one day, small

little range and then drift down
and then catch everybody by surprise

and make this run for this gap.

I don't think it's going to come
back down and close that gap

and then bounce of any kind.

I think it's going to roll through
that gap, offer the sell side

liquidity all through here, and
then blow back down below that low

that's personally what I expect.

And again, that's on the heels of, if we
see a rally off of this, uh, south side

liquidity pool, once it's been absorbed,
if we get some rejection and we see the

upset uptrend rather on dollar, because
this also is in a big range as well, it

looks like here's a high, and then we have
a long-term high and we're breaking down.

Everybody wants to call the top
and the dollar and you just don't

want to do those types of things.

You don't want to do it.

I try to do that as a trader and I
was trying to capture the high on a.

Well, mark it wasn't corn.

I tried to, uh, pick the high
on, on the corn and, uh, in the

nineties and I just got beat up.

It just kept going higher
and higher and higher.

And if you go back and old data on
corn, you actually see that this is

kind of like what, that's, why I've
mentioned corn, because it looks

exactly like it did in the nineties.

Right?

Got burned a couple different
times trying to capture what I

thought was topping patterns.

And the only thing, what was
really happening was that the

market was coming back down.

Now, look, there's nothing down here
in terms of, uh, runs on liquidity

below the market, except for this
one here, the election, we have this.

So sell side liquidity has to be ran out.

In my opinion, if this is going to go
to 1 0 5 to 1 0 7, $1, and those levels

I've talked about for years now, we
did just see, uh, almost the one to

force head went to a high of 1 0 3 81.

On this feed.

And again, we're not trying to
pick the top in a dollar, but

we are in a very mature uptrend.

So for them to get another ride
up, they want to pressure any

cell stops that will be trailed up
below recent lows that's seen here.

So they're gonna want to take price
down to that level, even if, even if

this has already long-term reversed.

If we go below here, we'll probably see
some measurable bounce that would probably

take us up into the bodies of these
candles here, these two green candles,

and that's still something that would
give us something to trade on in the

context of a buy for foreign currencies
that we sell off from that level.

And then if we do, if we reject
at these levels and bounce up and

then come back down below it, wow.

We are really looking for a
move to go back down below.

And the side liquidity resting
below these equals down here.

And I'll add that into the
taste charts for a recap.

So they're there.

The long-term levels
we'll be watching for it.

But right now I am not trying to, um,
build the idea in my mind or in your

minds that we are building any long-term
top, even though it could be happening.

And this is what I teach.

It could happen on a long-term basis.

You could see a long-term reversal
I'd never, ever, ever want to build

that perspective than you as a trader.

Because what you're trying
to do is the impossible.

There is so many times people
have lost money doing that.

If they just relax and just
say, okay, look, chances are

this probably isn't topping.

It could be coming back to
take a, uh, another form of

cell stops or cell liquidity.

And if they're doing that, okay,
the first thing I taught in

baby pips on 2010 is the stock.

If you look at every single significant
price run it's ever happened in any asset

class, the classic, uh, telltale sign
is, is they came back down to take out

cell stops rate before the run higher,
or they went back up to take up the buy

stops above an old high rate before it
collapsed and went lower, significant

price moves, always have a finger print,
hallmark, little signature that they

knock those people out of the marketplace.

And the thing is that always looks the
most bearish when it's the best buy.

And that's why you have to focus
primarily on if this isn't an

uptrend, which it clearly is.

Don't be lulled into thinking that you're
going to be able to catch the high.

There's no reason to anticipate
those types of things.

We keep trading the same long-term
trend, especially if we understand

that if they're going to be
squeezing on fund level stops.

So long-term dollar bowls on the fund
level, their sell stops are going

to be breasting below these, these
candles here, not necessarily the

WIC, just the bodies, these kids.

So, where are they looking to take it?

They're going to want to squeeze it down
into that now, will it punch through

and drive on straight through and go
to these candles bodies over here?

I don't know that it's not my concern.

What I want to see is if we get
below these bodies, is there some

indication that there is strength
in the dollar at that moment?

Okay.

Do we see a higher, low with a
higher high in foreign currencies?

That means it looks like strength
in foreign currencies, Euro cable

Aussie, but it gives us an SMT
divergence and the dollar index.

If we see that that would bear witness
to what I'm expecting to see, which

is a move below the, of candles or
rejection, and then trade back up

and then maybe potentially see a re
uh, you know, uh, resuming of the.

And this was just a
long-term consolidation.

They came back down, dip below the
buys at handle absorbs on the sell side

liquidity to offer their counterparty
to their buying and then rally up.

And again, if this is a large
consolidation, which is what we're

referring to it as think of it
like this, this is your range here.

So if price comes down, takes out the
bodies of these candles over here.

Let me take this off for a second.

If we come down and take that those
bodies out and rally back up, even

if we just go back up 50% of the
range to back to equilibrium, that's

still a scenario that offers amazing
opportunities for short term swing trades.

It gives you a, a measurable range to
look for, even if this is in fact a

high and it's never going back above it
and in the next couple of years or so.

Um, and if we come back up into that
middle point or equilibrium, After taking

these lows, that's a nice range to expect
equals whatever you see in the dollar.

It's, it's multiplied in many times
in foreign currencies, you know,

it's not like always pit for PIP.

You end up seeing kind of like an
exaggeration in foreign currencies,

but when you have big moves in the
dollar index, you have enormous

moves in foreign currencies.

So the swings while they are generally in
the same direction, I mean, I'm sorry, not

the same, but invertedly, if you're seeing
that direction, when the dollar going

lower foreign currency is always going to
go higher, but the magnitude of the moons

that take place in a dollar index are not
locked step for step and not pit for PIP.

There's sometimes an exaggeration
in foreign currencies.

As you can see, you need to move
down here on dollar is not the

equivalent, what you see here in cable.

So that's a little bit
of extreme on cable.

So let me take one more quick.

Look at all the time.

It's off its highs that we still
have a little bit of time today.

May not.

It may need to do it tomorrow,
but we're looking for that.

Um, 75 62 able to be pierced
and maybe 75, 75 to 75 80.

And I think that's the business.

So

punched one more time into here.

I don't think there are only
these equal lows here at all.

They're just teasing.

I think they're just
going to drive it now.

One more time.

Take that out.

Um, it's a little bit of
a exciting week for me.

I, I think that, uh, personally, there's
all kinds of things that can happen.

Um, George Soros is piping
in, uh, all kinds of paid

protestors, busing them in it's.

I mean, I've got friends in states,
um, that are talking to, I've seen

them, you drive through their towns and
they're all converging right now in DC.

And I have friends that live in DC
as well, and they literally have

sent me pictures of street lines,
full of buses, you know, and believe

me, they're not going to show up
like they did with Obama, you know,

Obama, when he was sworn in, it looked
like Jesus Christ was on the planet.

I mean, everybody was out there
and you couldn't see any pavement.

It was all people just standing
out there for, for forever.

That's not what's happening with Donald
Trump, you know, it's, uh, it's going to

be a lot of, uh, stuff going on this week.

I think Friday is going to be a very
volatile, um, day because of all

the things that, uh, I think you're
probably gonna see in the news.

And if you're going to be
trading just don't trade.

Don't do anything on Friday,
just sit on your hands and

just watch what takes place.

I think we're in a really precarious
position for a country and a regard.

I'm not saying Donald Trump is the
best know, answer for us, cause I

certainly don't think he's as educated
as he needs to be, to be a president.

But, um, you know, I think he's the
lesser of two evils between Hillary.

So just know that going forward this
week, if you're gonna be trading, um,

kind of like put the, put the brake
on, around, uh, New York session on

Thursday and don't do anything else.

Just sit on your hands and watch
and take, uh, you know, just take

notes about what you're seeing.

Uh, I, we will be active again with
our analysis and I'll start giving

all about four hour, um, breakdown on.

Charts starting next week, we
won't go any lower than four hour.

And then in February we will be
back to our, our natural order of

things where we're in here doing
live sessions and intraday analysis.

Well, cause we got to start working
with entries, but this whole month

has been primarily getting you focused
on where the market wants to move

when these hard timeframe charts.

And we've had really good examples so
far this month or news types of things

occurring and how the liquidity pools
and institutional reference points that

we looked at and look at, and again,
for your notes there, order blocks,

bearish or bullish, fair value gaps,
liquidity pools, and equilibrium.

And if you focus on looking at price
like that in Ohio and all those, those

reference points in price, while it
sounds like a laundry list, okay, that's

the only thing you need to worry about.

Not candlestick patterns, not
harmonic patterns, not trend lines,

moving averages or indicators.

You need to know where the.

And if you start looking at the
market, like we teach it, prepares

your mind to anticipate where the
market's going to gravitate to.

Um, some of the folks that are in the
mentorship, you know, they saw the

Euro dollar here and the fact that we
left that gap open and it gave that

big WIC here like this, and then we
whipped one more time and failed.

They sent me emails.

Okay.

And I'm not, I'm not making fun of that.

Okay.

I'm just letting you know, just trust me.

Okay.

I know sometimes you're going to
see things in charts that I didn't

talk about and it happens to prints.

It's like the cable, it was very
explosive today, but I didn't say

anything about that unexpected like that.

We wanted to go up a little
bit, but it went up a lot more.

The, the assumption was because they
saw these wicks in here back to back.

And the fact that it stopped at a
previous high, um, it was, it was uncanny.

It's almost like the end.

It may be what happened, someone
in the Navy happening on the form.

I just didn't get a chance to see
the dialogue, but it literally,

it was almost like verbally.

Uh, the few folks that sent me
emails about this, they said,

do I really believe it's going
to go up here and close that in?

Cause it looks like it rejected it once
and then rejected exactly at that level.

And now we're lower, you know,
we're probably going to see, you

know, the, the year ago lower and
I'm like, is the orders are here.

So regardless of what Steve Nielsen
or whatever his name is, Steve Nissen

or whatever his name is that does
those counseling patterns, whatever

he wants to call, this has no bearing
on where the actual orders are.

You know, the bank's going to take the
market where the liquidity is needing

and wherever that liquidity is resting
or wherever efficient price delivery

is, that's where price is going.

It's nothing outside of that.

It's all about the money and it's
about the orders that are existing.

So it's either the knockoff game
where they knocked the people

out of the marketplace or let's
put them on the wrong side.

It's it's all, this is, there's nothing
else to trading and speculating.

Nothing else.

No indicator stuff.

No.

Anything that I say, if it doesn't
line up with why the orders

should be there, it doesn't.

That's when my stuff was going to fail.

If the orders are not there and you can
see there's evidences, like we outlined

here, why should price go up here?

Because there was nothing over this.

Uh, once we left this area up
here, there was nothing offered.

Only on sell side here.

We didn't get up to it
to close it in here.

We only came up here partially,
and it gave you this little wick

and everybody retail minded was
saying, okay, this is a rejection.

So now I'm going to get short on Euro.

And I said, don't do that.

We're going to be looking
for this range to close in.

And it's going to go up to
potentially the body of this candle.

It's in your recordings,
went to the rate to the pit.

And again, this is a daily.

Okay.

So when we do these things with monthly
charts, which we'll be doing a little

bit of work with this week and weekly
charts next week, you're going to

be seeing how this stuff still has
precision illness timeframes as well.

So if we're really doing position
trading or long-term swing trading,

those elements have to be drawn in
with these hard timeframe charts.

Even if you're going to be
a one shot, one kill trader,

where it's a short-term trader.

Basically we get in and try
to trade a weekly range, which

is kind of like my forte.

If you're going to trade like that, and
you get these principles in alignment

with your analysis, you're going to
trade with the highest probability.

And you're going to be able to
key off of really high probability

levels for buying and selling.

And you'll also know where they are
drawn to for targets the folks that.

Saw this unfold today.

It's not like I'm saying ha ha.

You know, you're wrong.

I'm just saying, take
this as a learning point.

Okay.

You show this to yourself and your,
in your, in your journals on a weekly

basis where you have an expectation
that this is what you thought the

market was going to do, but when it
does the opposite, don't do this.

Oh, I'm so stupid.

Or I'm never going to get this because
what you're doing is you're teaching

your mind to confirm that very thing.

It's toxic thinking.

You don't want to do that
when you're learning.

If you do something wrong, say,
okay, what'd I do wrong about that.

Okay.

I want to learn how I
can avoid doing that.

Again.

This is an opportunity for me to grow.

You're pruning.

Okay.

You're on that Potter's wheel and
you're being molded and shaped it.

You don't want to bend sometimes
and admit that what you want to do.

The Potter's having you do.

Okay.

So I'm trying to be that Potter for
you on China, bend you and mold you

into the trader, but it's ultimately
up to you to sit still in harden, once

you're in the right shape and you can't
see where you're going to be right

now, don't resist it, just go with it.

And when you do, you'll be able to go
back and say, okay, yeah, I can see where

I was being bended to understand this.

I can see where I thought this
was what I should have been doing.

But in reality, this is what took place.

And I need to learn from that.

Don't look at these obstacles or
barriers to understanding right

now, because a lot of you folks are
hung up on the up-to-date ranges.

And we're going to talk about
that specifically in the teachings

this week as well, because we're
going to be blending a lot of.

When you understand it, you're going to
see that it's probably me complicating it

and the way I delivered the understanding
that I have, and it's a very complicated

way to articulate, but it's a simple
thing once you see it it's oh, and you'll

probably actually be able to tell me how
to do it better in terms of explaining it.

But I just know that it's simple
procedure looking at a dynamic data range.

And if you understand that it's, it's
a, it's a revolving basis of going

forward a certain number of days
and looking for where the highest

high and where the lowest low is.

And then looking back in terms of
the last 20, the last 40 in the

last 60 days where there's highs
and lows are, that's all this head.

And that's all I did
here on the daily chart.

When we were looking at the cab, when I
said, we're going to look for the move

above these, uh, the buyers of these
candles here, that's all I was dealing.

I was using.

I knew that they was going to be, uh, one
of the Sikh above these candles in here.

It did it.

And then what's it going to do?

It's going to seek the
liquidity elsewhere.

We'll go back 20 days.

There it is.

And that's what we saw you do.

One more time.

Boom, hit it.

And then one more time hit it.

So what's it doing?

It's not showing you that
it wants to go higher.

It wants to sell side liquidity.

That means that there must've been a
great deal of large funds short here.

They were good for awhile.

And then they said, no, no, no, no.

Let's take them out.

So why did they come back up here to
take the shorts off to unseat them?

And now they have a short position.

So is it going to be in their
interest, the smart money to see

it come all the way back up there.

That doesn't make any sense because if
they can take profits below this low

here, where's the next logical area
where, uh, the cell stocks would be here.

So they're gonna want to take
price down to that level.

Whereas the next data range,
Google, keep going back.

And here you go.

Every time we made these reference
points, you go back 20, 40, and 60.

Note them as you progress forward,
unless those levels are taken out,

they still remain liquidity pools.

And that gives you that open float
range, high and low for high and 20 days.

That's a dynamic range.

60 days back, 60 days forward,
and it constantly moves forward.

And you're always looking for where
the algorithm is going to seek,

where that liquidity is going to be.

Again, the algorithm
can not see the orders.

It doesn't see the orders.

That's not what this is.

It's a facilitation of
taking price to that level.

So therefore the bank traders
can make a run on the orders

because they can see those.

The algorithm can not see the orders
because the orders are always changing and

they're in different pools of liquidity.

The algorithm's job is only
to deliver price to that level

for efficient price delivery.

It's not taking in or out orders
that's done at the bank level.

That's why those traders are there.

When you, when you look at UBS and
you see that big old floor traders

out there, there's a massive, it looks
like three football fields out there.

When you look at that, those people
are executing on these opportunities

that the algorithm presents for them.

They are not the ones driving price.

See, that's what happens.

That's what is permeated in this industry?

Uh, you got folks out there that are
well, well known in the industry,

and I'm not going to beat anybody
up and believe me, if I've listed

them, you would know who they are.

They'll say, um, you know, ICT, doesn't
always talk about it's this it's

that it doesn't, it doesn't do this.

And there isn't a, there
isn't any algorithm.

There isn't any market maker.

There isn't any of this.

And I knew somebody works at the bank.

Well, you don't know.

What you're talking about, and they don't
know what they're talking about because

the folks that are actually executing,
they are driving those individuals

on the floor that you see at UBS.

These traders are not looking
at the chart and saying, oh,

there's a harmonic pattern.

Let me go in here and trade that.

That's not what's going on.

They are getting orders on how to XG
and what levels they have to process on.

Where do they get that
information from their bosses?

Where's that coming from that the
algorithm has already determined what

the daily high and low is going to be
for the week, for the month, for the day,

for the session it's already in there.

Okay.

So when they know by looking back
where that liquidity pool rests, where

that fair value gap rests, where price
didn't deliver efficiently, that's

going to be an opportunity for the
traders to execute on those levels.

They have analysts Dell
pass down to the trace.

Okay.

Here, look here.

Here's our order book for the day.

We need to execute and process this.

Okay.

So the trader, when he goes into hearing
and he does these orders, he's not pulling

out his indicator based on logic, or
he's not looking at his pet techniques.

He's executing on orders that
he's told he's got to execute on.

That's the level of trade.

That's the trader I'm talking about.

I'm not talking about the prop firm or
the guy that wants to be a fund manager

and prove he's smart and all that.

That's not who I'm referring to.

There's an error archi and how this works.

The algorithm provides the
means for the orders to be

taken in or taken out algorithm.

Doesn't do anything about
knocking people off.

It's just moving price to where it
needs to logically go to allow these

orders to be bumped or entered.

Long-term.

It still has to bend to a fundamental
decision on what interest rates are doing.

But near term, it's always going to
gyrate around to the closest liquidity

pool or institutional reference point.

Like we talked about old highs and lows.

There's some Bush order blocks, fair
value gaps, equilibrium in Boyds.

That's it.

But it's going to draw to levels
that are logically and easy to see

when you look at, like I taught
from teaching the algorithm.

Doesn't see it visually because
it's a computer program.

Okay.

So it has to have reference
points where, okay.

Where, how far back, like you all
ask you all ask the same question.

How far back do I go
to look at an old high?

Which how far, how far do I go back
to look for a bear shorter block

you use 20 days, you use 40 days
and you 60 days that you look back.

If you've already worked outside
the range of the highest high and

lowest low in the last 60 days,
you got to go to the next level.

That's outside of that.

That's exactly what it is doing, but
all of the ranges that's necessary to be

traded off of in the last 60 trading days.

That's a goldmine.

Generally, you're going to see
where the market's being drawn

in the range of the last 60 days.

So if you do that at any given time,
when you look at a turning point in

the marketplace, go back 20, 40, and
60, and you're going to see there's

significant liquidity pool or fair
value gap or order blocked it.

It went back to where it's going to
go to that's what you're studying.

That's what you do with
these hard timeframe charts.

So when you're going through the
teachings this week, if you're going

to gravitate to anything outside of
what's being taught this week in these

teachings, focus and practice on the
edge of the data ranges, find a level.

Here's one here.

Here's a low count back 20 trading
days, count back 40 trading days

and compound 60 days 60 changes.

And find the lows, find the highs, find
the bodies of the candles if there's Wix.

Okay.

And see when it goes below the buys
of the candles, or if it goes above

the buys, the candles, if it's a high
with height, you long wicks, uh, look

at, if there's a fair guy, you got
to get traded down and filled in.

If it's an liquidity void to closed in,
if it's a, an order block that it traded

into for an old, higher, old, low, once
it appears below it, the O the algorithm

knows how to find those reference
points, because it's been there before.

It's it's, it's got data to go back to.

It does not see orders.

It can't see orders.

It doesn't have the capability to do that.

That's why there's
human involvement still.

That part is the execution because
they have the ability to see

what orders are still resting.

Again, orders are dynamic just
like you, you see something on

a chart, you put an order in the
market, doesn't go to your level.

It starts in our runaway.

What do you do?

You're not leaving that order
in, you're going to camp.

Well, the same thing's
happening on a fund level.

Those levels are always dynamic
and sometimes they're coming in.

Sometimes they're being
canceled sometimes.

Uh, you know, they have contended
contingencies where certain order

levels have to be hit and they have
to be maintained for a certain time.

If it doesn't hold that level for a
certain amount of time to fund the

order will be pulled off the table
and they won't be executed on that's.

The reason why it stopped runs have
to be quick because large funds have

a time basis where it has to hit a
level and hold it for a certain time.

Then they can execute on it.

When the runs on stops happen.

That's why they gotta be quick.

Boom hit him once he go up
there, they filled the orders.

They got to run away from him quick.

They'd stay there just long
enough for the orders to go hot.

When they fill once they're failed that
book's made, then price will run away.

That's why it's important to
understand that if they will take

it to levels of logical liquid.

You'll understand it when you start
looking at it over and over and over

again, studying previous examples.

Literally if you spend the whole entire
month remaining portion of January, just

studying the last 60, 40, and 20 trading
days and what takes place every time.

There's a turning point.

We had a turning point right
here before we had this new low.

We had this low here.

We create a swing low count back 20
trading days, 40 trading days, 60

trading days, all those reference
points that's taught in September.

Ohio's all those fair value gaps,
liquidity, voids, equilibrium,

order blocks, bullish and bearish.

It's simple.

It's five things that you need
to be worrying about laundry list

of things, but there's, it's an
obvious thing when you see it and

you study it, look at it 20, 40, 60.

That's your range.

If everything has been absorbed in the
last 60 days in the form of the buy stops

in the cell stops in any fair value.

And we have not moved away, or we have
moved away from an equilibrium level.

Then you need to go outside of the
60 day range and go back further.

And that's going to take you to
where the next level open float is.

Whereas the new by stops and
where's the new cell stops and

it's going to create another range.

That range will be filled by
either another leg, lower in price.

If it's going to have to go down for cell
stops or it will expand higher, okay.

To reach for the buy stops that are
above the highest high in the last

60 trading days, it really is simple,
but I think I've complicated it

because the way I see price, sometimes
I take for granted that you aren't

able to think like I'm thinking, and
that's not me talking down to you.

That's me as a mentor having barriers.

Okay.

I have to, I have to overcome that
because it's not easy sometimes

articulating what I understand.

So it may take us, uh, multiple,
uh, To, to the data range idea.

I mean, revisited again in February,
if by the end of this month, if

it's not there, I'm confident
that you will have it because you

actually start seeing me do it.

But look at the examples that we've done
through the mentorship already, when I've

called specific levels and highs and lows
and ranges, go through the procedure,

looking at it 20, 40, and 60 days.

And then from when you get a 60 day,
sorry, when you get a low go 20 days

forward from that 40 days forward to that.

And 60 days for that, and you'll see,
there's a turning point that takes

place again in that 20, 40, 60 day
range, it creates a new liquidity

pool or creates a new institutional
level that you have to be monitoring.

And then it goes right back to that.

It's a dynamic range that keeps you
focused on exactly what the, if the data,

I'm sorry, if the algorithm will do.

And once you, once you get dialed in with
it, literally you can take a vacation,

go away for a little while, come back,
and it literally only takes a day or

two to get back in sync with the market.

It literally, you want you'll know
exactly what you're doing and when

you have that, it gives you clarity.

It gives you confidence and it gives
you the, uh, the ability to not

worry about missing another move.

So I'm gonna close this one today.

Um, cause I have, uh, I have to work
on your teaching, still a couple

of things I gotta finish up on
the first interest rate teaching.

And then I got to do the entire
second teaching, uh, tonight,

before we get to eight o'clock.

So I have a lot on my plate today,
so I'm going to wish you well.

Um, and as a side note, um, I had a lot of
questions about where I get the seasonal

tendency charts and it's an old resource.

Uh, Steve Moore it's uh, let
me, let me type this in for

you guys so you can see it.

Um, there you go, go assist, hoping
that I was going to find somebody in

here that can answer a question to.

More research.

Um, I think if I'm not mistaken, I
think his website is M R C i.com.

I may not, I may have that wrong,
but, uh, if you do a research, do a

search or Google on, uh, Steve Moore.

And if you go, it's not
really easy to find it.

Cause it's his, his
website is worse than mine.

It's like a backyard junkyard where
there's links to all kinds of stuff.

And you really don't even know what the,
you know, what you should be finding.

But, uh, there's a, a wealth
of information from this guy.

When I got involved with Larry Williams,
um, in the nineties, I, uh, I fell

in love with the idea and I'm going
to get ready to go on a rabbit trail.

So I gotta be careful with this.

I say this and six minutes
and close it that way.

We only have an hour session today.

The

thank you, Robert.

Um, see if I can copy that
and send it to everybody.

Hold on one second.

No, it won't let me copy and
paste, but, uh, I can, I can share

the link on the, on the forum.

It's not that big of a deal, but the,
uh, the aunt I'm answering the questions

verbally, but, uh, I'm only answering one.

I want you to one that way I can respond
to, uh, to everyone that can see it in the

questions box, but the, uh, Steve Moore.

He has done in my opinion, the best work
for seasonal tendencies than anybody.

It used to be back in the eighties and
nineties, there was this goober named

Jake Bernstein, which he's a crock.

I mean, every, he never
made any money trading.

Um, he sucked really bad as a trader.

Um, it's well-documented that
he's never made any money.

Um, but he's been Hocking, a seasonal
Tennessee stuff since the beginning.

And if you do research on seasonal
tendencies and by looking at the

historical perspective on who talked
about seasonal attendance or whatever,

I think Larry Williams, he says he's the
first one has done any real work on it.

I haven't really researched if there's
anybody before him that did it.

Um, I think he's the first one that
gave it in a context where it was.

User-friendly let's say it like that.

Cause it's always had
an impact in trading.

I mean, if you talk to any
agricultural, uh, producer or, uh,

like a farmer or whatever, obviously
they know about seasonal tendencies.

I mean, it's what it is.

They deal with seasonal tendencies
crops and you growing periods

and planting and all that.

But Steve Moore ended up doing the studies
where he would take five years worth of

data, 10 years worth of data and 20 years
worth of data when it was available.

And back then, it was hard
to get your hands on data.

So you're all spoiled today.

We have a plethora of information
in your hands and the smartphone.

We didn't have all that stuff back then.

So when Steve was able to get all this
data and crunch it together and he

compiled all the trends and movements
for all the contract months for every

commodity, and he did this in a way
where if it was bullish and you seasonal

Tennessee to rally, say for instance,
uh, June to October, If that occurred

over a span of an average basis for
the last five years, and then for 15

years and 20 years, if you saw that
occurring still, what does that tell you?

Clearly, it's a seasonal tendency there.

That's very powerful and it's gonna
probably have its way every single year.

Um, so if you're seeing underlying
bullishness in that currency or

wherever that commodity is, it's almost
like a locked deal where it's has

everything in its favor to go higher.

So when I was looking at seasonal
tendencies, and if you look at what

goes on in the charts I'm sharing,
um, if this all it's all Steve Moore

stuff, and I actually talked about
this in the, uh, the free tutorials,

you know, his work is in my opinion,
the best it's the absolute best.

What makes it good?

And so superior is that he has
contrasted the element of when the.

That didn't see the seasonal tendency.

He's made compensation for
that by averaging over a data

sample size that's varying.

So you have, well, you don't see it on
this chart here, but he used to do it

as a five-year a 10 year and a 20 year.

So there was actually three lines
on, on these seasonal tendencies.

And then it got real ugly in certain
areas where it was choppy, but that

was beautiful because you can see where
the strongest seasonal tendencies are.

And I think he, he may have gotten
smart and said, you know what,

I'm going to keep that to myself.

And I'll just drop it back to you to
reference points in time, you know, uh,

a 15 year and whatever it he's doing
now, I can't remember top of my head

15 and 20 or 15 and 30, but long and
short is if you have a average of two

perspectives over time, not listening,
not like one year, but years of it.

If you see this tendency for it
to rally up or decline at specific

times of the year, all the time, That
is a really high odds probability.

And the thing is, is this occurs,
you know, like I told you, in

the stock market, stock market
has its own seasonal tendency.

Uh, the bond market has
its own seasonal tendency.

The dollar has its own seasonal tendency,
but when you blend those things together,

which is what we're going to be teaching,
when we do intermarket analysis, uh,

teaching it's only to be one module
on that, where we blend all these

things and we actually use the seasonal
tendency to give us a basis on what you

should be doing the first three months
of the year, what should be focusing

on where's the best trades seasonally.

And does it line up with anything
technically, what do you do

for the next three months?

What do you do for the fall months and
what you do during the winter months?

And you're going to see why I'm very
infrequent with my trading, because

I know what I'm looking to trade
based on these long-term ideas.

I don't want to put a
million and a half dollars.

Okay.

I want to trade that just
might happen to unfold.

I want to have it loaded in my favor.

If I'm going to take the risk on, I
know that have a high probability that

the trade is going to pay me out and
that's going to affect your trading.

You may find yourself a far more
refined, more infrequent trader as a

result of going through my mentorship.

And if that happens, you know what?

I'm going to be very pleased with
that because that's the goal.

I want you to be very
infrequent when you're trading.

Even if it's a day traders
model, not every day trading

is what you should be doing.

So knowing these ideas in being a part
of this mentorship is your knowing what

to do, why you're doing it, what you're
looking for, and when it's not there, you

know, that means you have to sit on your
hands and you don't feel any emotion.

There's no emotion.

The emotion comes when you, when you make.

That's that's usually when the emotion
comes in for me, like when I'm right,

because I'm egotistical, you know, at that
part still manifest itself so that, you

know, you'll have to combat that yourself.

I don't have any way of fixing that.

I mean, I have an ego it's there
and God's the only one that presses

down on me with his stomach and even
teaches me humbleness when I need it.

But long and short of it is you
are going to be the trader that

you hoped to be at the end of this.

And it's going to be a process that
you go through that stems from the

things you're learning this month.

So if you're struggling right now
to if the data, uh, ranges, and I

know there's five of you, it's the
same five people that, uh, sent it

almost like the same email to me.

They're frustrated it.

Don't worry about it.

Trust me.

You just got exposed to it.

You'll see it being used.

You'll see guy going back into
my older examples where I called

certain moves in the marketplace.

Use the up-to-date arrange idea
there, and you'll see why I did that.

Why I said that level was going
to be significant, why I was

expecting it to react there.

It's all those things.

But for you to learn it, you have
to see it, experience it and study

it and make notations on your chart.

Don't just rely on my charts.

Take my charts that I gave you on a
daily basis and then print them out and

then make your notes on top of that.

What discoveries or
questions you have about it.

And then you can come
back to that later on.

It may be the very next week.

It may be later on in the mentorship,
new months in something's going to click

because you wrote it down yourself.

So you're not remembering everything.

I tell you in a chart, you're
remembering certain things.

You hear me say, you'll hear my dialogue
sometimes about when you're looking at

charts, you say, I hear your voice about
certain things I'm seeing in a chart.

You want to replace my voice with.

That only is going to happen when you're
making notations, making notations and

speaking to yourself about out loud,
it's going to feel weird doing it, but

you want to do that because that way you
won't wrestle with the inner dialogue,

that's going to be, well, I remember
ICT said this, but I see this and you're

going to be a conflict with one another.

And you don't want me telling you
how to do your trait and you want

you, your inner voice, you telling
yourself, this is what this is.

Our rules are saying.

I learned from ICT.

Great.

That's wonderful.

But now I'm me.

And at the end of this mentorship, it's
going to be up to you and you don't

want to train yourself and to just say,
okay, ICT gave me these charts today.

And he said, the levels go into
why I'm showing you these levels.

Research it, study it.

I'm taking you to where
you need to be studying.

Why did I talk about these levels?

Why are they on the charts daily?

What is it that I'm
drawing your attention to?

Not just simply because I said.

And the market's doing it.

It's not why you're here.

You want to know, okay, what's
going on right now that led ICT

to put these levels on the chart.

Why is he thinking this is going to
happen based on what I'm teaching.

That's how you use this mentorship.

You go through the process like that.

You expose yourself to it repeatedly.

You have to go through the process
of seeing it sometimes paying out.

Exactly.

And then other times like the cable
did today, it went monstrously beyond

what we thought was going to happen.

And that's a good feeling
when you're right.

And you bought that type of thing
and you're in that type of move.

It's amazing when you don't get a
trade and you see it happen, it's

frustrating as a neutral, you're
like, oh man, this is the only big

move it's going to happen this year.

The whole Creek, the whole 20 year
trading you're in front of me.

This is the only move I
could have made money on.

That's what it's going to feel like.

So you have to be able
to balance that out.

And the only way that happens is by having
exposure over and over and over again.

So that's, that's it for today.

Um, I'm over my time limit.

I'm one of the 45 minutes, but, uh, you
have a little bit of a, a rant today and

going through withdrawal, not being able
to talk to you on a daily basis like this.

So let's close this one, I'm
going to end the recording

here will not be hanging over.

Um, like I said, I will send you the
link for those that didn't get the

link for the seasonal tendencies.

He has a really good library and
you want to avail yourself those,

um, those charts, because at
any time he could disclose shop.

I mean that, that website is like old
school stuff and I'm not even sure

he even makes money off of the things
he's doing, but if people understood

what he's got on his website, oh man.

There is a gold mine.

There, it's a literal gold mine.

And I love the fact that most people
have no idea what seasonal tendencies

are and the folks that write about them.

Here's the thing, go on the internet
as a exercise, you know, when you get

a weekend day and you get about an hour
free time, look up seasonal tendencies

for currencies, for commodities,
literally look them up and all these

other websites, they have these supposedly
line drawings you can look at, you

can, you can tell they did it on Ms.

Paint.

They created this whole thing.

They probably looked at what last
year's corn market did and to say,

okay, well it looks like this.

There's a seasonal tendency contrast
what you see in seasonal tendencies.

And there's other websites out there.

They claim that they have
seasonal fantasy charts.

Contrast that with what you see
on Steve Moore's research, uh,

and, and his, um, seasonal charts.

When there are strong tendencies for
it to go up or go down, all these

other websites are doing the opposite.

And then you walk away laughing.

Cause it's like, no wonder everybody
laughs about seasonal tendencies,

not working because they have
no way of really measuring it.

And I think Steve's approach
was absolutely brilliant to be

able to contrast how, how do you
know something's really valid?

You can't just use one sample size,
you get a varying sample size of data

and long-term data years worth of
it over and over and over again and

specific to a contract delivery month.

His, his seasonal tendencies are,
you can't ask for anything better

than that because the contracts are
delivered in individual contracts.

Like for instance, um, March, June,
September, and December contracts

for currencies, if there's a seasonal
tendency that appears for the March

delivery contract, you can see it.

It's there.

He's done the work on compiling
all the price data for every

contract delivery month of.

For all the damn, uh, the data that
goes back in the upper part, where it

says in the title, it tells you how
far, how back, how far back he went.

That's phenomenal.

That is exactly what you would be wanting
to do because you're not only going

to get into the little bit of data.

You're getting a ton of data.

And if there really is a seasonal tendency
there, it's going to appear year after

year after year after year with minor
fluctuations in and out because of some

other factor you corn or I'm sorry,
co coffee has a seasonal tendency.

Look at it.

It's a really strong one.

But if there is something that goes on
with the crop in Brazil or Argentina,

if you do those types of things and
study, when the fundamentals have

changed, don't look at the seasonal
sanity, then look for the opposite to

support the idea, what you're seeing.

If there's an issue with
the crop and a coffee.

That was how I made tons of money
in the futures market trading

coffee futures, because I knew
that there was something underlying

fundamentally had issues with her.

There was in a premium market.

The market was already an existing,
smaller uptrend, open interest fell

out of bed, went almost down to zero.

Okay.

And commercials were in that long.

It was just like, what, how many
things do you need for this thing

to go up and then went up violently.

I mean, it went huge.

Go back and look at coffee back
in the mid nineties and you'll

see it that's the mood I was in.

And I wrote it down crazily.

Yeah, that was, that was a phenomenal
move, but it was all based on one

little chart that I got from Larry
Williams and it wasn't his stuff.

It was what he got from Steve Moore.

And it was based on a
seasonal tendency on coffee.

And that one little roadmap
idea led to a fortune.

Now, when you study the idea that the
seasonal tendencies can be focused

in dialed into a smaller timeframe,
like weekly ranges, and you can dial

it into certain days of the week.

Then we have amazing studies ahead,
but with that, I'm gonna close it.

We should wear a pleasant day
and I'll have the recording

up as soon as I possibly can.

Okay.

Good luck.

New trading.