Speaker A
e e e e e e e good grief this OBS see if I can hear myself audio check one there's the old man good morning folks how are you so we're back at it again here so let's see
Live trading analysis focusing on fair value gaps, market behavior, and trading discipline during a quiet economic week.
Key Takeaways
- Patience and discipline are critical during low volatility periods to avoid poor trade decisions.
- Using multiple timeframes and fair value gap analysis helps identify high-probability trade setups.
- Emotional control, including managing FOMO and anxiety, is essential for consistent trading success.
- Journaling and tape reading improve precision and help traders develop a reliable trading model.
- Avoid wasting mental energy on suboptimal conditions to preserve focus for better market opportunities.
Summary
- The video features a live trading session with a focus on analyzing fair value gaps (FIB, weekly inversion fair value gap) and price action.
- The presenter discusses the quiet economic calendar early in the week, with major reports like PPI and CPI expected later.
- Emphasis is placed on patience and discipline, avoiding impulsive trades during low volatility periods.
- Technical analysis includes annotations on multiple timeframes (15-second, 1-minute, 15-minute charts) to identify key price levels and gaps.
- The presenter shares personal insights on managing distractions such as allergies and maintaining focus during trading.
- There is a strong educational component, including teaching tape reading, journaling, and the importance of having a trading model.
- The video addresses common trader emotions like FOMO and anxiety, recommending physical stillness and mental control.
- The presenter highlights the importance of waiting for price confirmation before entering trades and not chasing setups.
- Social media interactions and feedback on chart markups are discussed, emphasizing the value of detailed annotations for learning.
- The session includes practical advice on monitoring bank statements for fraud and managing physiological stress related to trading.
Chapters
- 00:00Introduction and Market Overview
- 14:40Market Behavior and Personal Notes
- 19:59Trading Psychology and Journaling
- 25:32Technical Analysis and Price Levels
- 30:47Trade Execution and Patience
- 37:06Managing Emotions and Stress
- 44:53Advanced Trading Concepts and Model Building
- 52:04Summary and Closing Remarks
Full Transcript — Download SRT & Markdown
Speaker A
uh see what we got here there's nothing really to speak up because we have a basically an empty Monday and Tuesday economic calendar later in the week we have PPI and CPI number so they're face rippers haveit a bit of a
Speaker A
premium premium uh gap opening here so that's where we're at here with that just going to use the FIB here make it a little easier and the open up here I'm going add these back on all right so mid Gap is way down here
Speaker A
these two levels here I did a little bit of uh needling on social media last l so we have the weekly inversion fair value Gap in here I'm allowing it to try to reach for that see if it can get up in there tap into
Speaker A
that and see if they'll uh let it run a little bit lower after that into the gap drop down a 15 time frame notice that the bottom of that Weekly inversion fa gu here also has that little tiny separation
Speaker A
between that candle's low this candle's high so that is a siy so you want to have that annotated on your chart there we're just hitting it now I'd very much prefer hitting the weekly inversion fair value gap before selling off otherwise I'd
Speaker A
have to let it have another chance that to run there not chasing [Music] [Music] anything do you have fun this weekend I did all right so here's a one minute chart we have not had any uh first presentation fa Gap yet there
Speaker A
is one obviously on that uh 15sec chart that's uh right here so you want to annotate that I'm going to keep it off my chart now because there's are a little too much stuff on the chart for my liking
Speaker A
this is all stuff from uh me needling Twitter last night hopefully I've inspired a a bunch of you live streamers out here or those that don't live stream to come out here and play in the sandbox with us
Speaker A
Okay small one right in here small little fair I got got a chance to sleep in today actually trying to get some rest for tonight's uh London live stream so I promised the uh the Forex gang that we would look at the some
Speaker A
London stuff I I'll look at Futures too during the London session it's not just uh Forex but I promise I would ring in some of that insight into this mentorship we're only going to go till 10:30 this morning I
Speaker A
have to take care of something at the bank some uh fraudulent activity check your bank statements folks if you see somebody going in and giving you like 30 36 Cents or 17 cents and then taking it back out that's them
Speaker A
testing to see if money can come in and out cuz somebody just took $77,000 of money that they don't have ownership of that's okay all right so I want to see it run up into that Weekly inversion Fair B Gap in
Speaker A
that orange shaded area that would also be another run above these highs in here it's a little too blocky in here too Consolidated even though it is a 15-second chart you want to see some kind of uh disruption to the
Speaker A
outside that's actually now on the right Paras it should be [Music] there so a little lackluster so far this morning nothing terribly exciting for uh the opening range opening range is between 9:30 and 10 o' eastern time and
Speaker A
the opening range Gap is previous day settlement that's the close here to the open the very first print at 9:30 so when you have uh your economic calendar with the PPI and CPI number and all you have to do is go to
Speaker A
forexfactory.com or Econo day calendar or any other you know decent calendar they'll they'll show that those uh reports are this like this week Wednesday and Thursday and then uh there's an absence of any real news drivers on Monday and Tuesday you want
Speaker A
to try to find your trades you if you're going to try to trade and avoid all of the the the huge volatility that is introduced by those reports you simply just trade on the the Monday and Tuesday of this week not to say you can't Trade
Speaker A
Post PPI and CPI number because I certainly will be all right we just touch the bottom of that inversion fair value Gap again that's this up here okay nice little reaction so far it's probably random I'm going to show the uh the mid
Speaker A
Gap and have a little bit more real estate in the size of these candles sh again mid Gap is here for the opening range Gap watching the breaker here on the one minute chart the short-term High higher high this down close candle I'm watching
Speaker A
how we behave and print around that I'm going to apologize in because we're entering the time of year where I have Fall allergies and it's unfortunate I can't do anything about it because I'm not going to take medicines but the
Speaker A
uh clearing of my throat unfortunately might be a little bit distracting for some of you you would get on my nerves I know if I was listening to someone else s like that just don't leave the comments CU
Speaker A
I'll just broom me I don't ever say your comment ever again you get just say it one time you can say anything you want one time see how flat price is right now yes it went up to a level we were
Speaker A
looking for an anticipating but it's just like not trying to do much even the 15 second we're inside the Cy here there shoulder block not enough energy did a downside to to get me interested yet meaning you like that what do you mean
Speaker A
by that the short-term low here the Wicks came down and we had two of them so it's not something that has me all that terribly excited meaning we could see one more punch into this High a little bit higher than that then we'll
Speaker A
have to see what the uh what the delivery is after that just relax there's plenty of setups this week coming plenty of them you need to rush out the gate to get the first one that comes in the
Speaker A
first 10 20 minutes not on a not on a Monday not with a week like we're getting ready to see I see all kinds of movement if you come out here and you you waste your ammo and your mental
Speaker A
fortitude on less than optimal conditions it just makes it harder for you to be in when the markets are really given out for free well maybe I shouldn't say for free but a lot a lot more easier uh price
Speaker A
delivery a lot more fluctuations and prices you can work and navigate in again this chart over here is a 15sec chart here and one minute chart on the right got a lot of comments from uh The annotation markups I'm teaching my son to
Speaker A
do and of course I have a few other ones that are saying things like uh this is tedious it's not necessary well I mean if you're already profitable and you know what you're doing you then buy all means do what you got to do but for
Speaker A
people that don't how to reprice action um I would event you to say the ones that say that they don't journ they probably aren't as precise or consistent as they like to pretend they are on social media but the way you get better at it
Speaker A
and learn how to see the things that I teach and execute on you see executions uh those intricate details that I'm showing in my markups for Caleb's Channel we got this week and next week and then uh he'll have enough for him to
Speaker A
have conversation with me in the videos he has to learn some things first otherwise it's going to be a lot of grunts like you see that son mhm which isn't all that uh engaging see you want to want to
Speaker A
kind of like note any kind of anxiety you're feeling right now or any kind of un unwavering excitement about wanting to be in something right now that's us are not aware of what you're looking for you're just trying to
Speaker A
like a dog like at my wife she takes the the food bowls out as soon as they hear the metal clinking together they me drop whatever they're doing and they're like okay I got I got to I got to get run in here and get
Speaker A
something and that's usually what fomo feels like for a Trader that doesn't have a model doesn't know what they're looking for and just because these candlesticks are you know flicking up and down there's no setup here yet so
Speaker A
you just have to sit still let it come to you one of the best exercises you can do for yourself is to physically sit still the first 30 minutes even if there is an ideal setup that you may identify or
Speaker A
recognize sit still don't do anything engage price after 10 o00 and do that for a few months and just really take inventory on how you feel are you feeling impulsive are you feeling Reckless you feel like you want to
Speaker A
gamble those are wonderful observations to discover about yourself early on before you start trading with real money because these those are the very characteristics that will undo you and prevent you find from finding success but not enough's been taught
Speaker A
about it I mean Mark Douglas book and other people have touched very very lightly on trade psychology and what what are catalysts for people to go on tilt how do you prevent it what skill sets do you have to develop and muster
Speaker A
before uh before you end up in that situation where you have regret and it's by journaling and tape reading and anytime you feel impulsive anytime you feel impulsive or anxious that you're afraid you're going to miss something take a screenshot of the chart
Speaker A
take a screenshot of it and then annotate that with you know simple words like anxious feeling re feeling impulsive and then at the end of the session what would that be like for index trading it' be noon New York local
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time and then look and see what price did actually after that moment and you'll see many times what you were fearful of that you were going to miss wasn't even in the chart at all and it desensitizes your
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whole like this Pursuit I got to catch something I got to catch something it goes away after you've conditioned yourself this say look I've been here before it's just me wanting to do something even on the 15sec chart which
Speaker A
usually is very very fluid for me I can find a lot of setups on it's still just just like a pick a fence the neighbor that doesn't take care of his yard it's all tattered looking in here I'd like to see it displaced lower
Speaker A
here admittedly I'd like to see that because we have now had a body come down below the breaker which is this down closed candle here I'd prefer to see it start to make a move lower and work towards these lows
Speaker A
here because if we can get between here let me outline it because if we can go between this low and the upper quadrant of the opening range gap which is here I'd like to see some kind of U Move
Speaker A
lower here and then either on the one minute chart or the 15-second chart create a fair Bay Gap to watch price trade up into and then try to make a run into midgap that's all I would look for for
Speaker A
today and then if it wants to close more of the gap or go higher you know so be it but when I'm looking at price and I I want to kind of frame up a setup that I'm willing to sit and wait for uh
Speaker A
that's what I would be looking for today I would not be interested in chasing it going higher we have too much of a gap opening higher uh they're building a huge premium and we're taking it back to a
Speaker A
weekly objective which is that orange shaded box up here all that range is a weekly inversion fair value gy and it's it's it's big so so I I don't want to be up in here you trying to go long
Speaker A
after we've opened up with such a large gap opening I'm much more comfortable waiting for it to uh price in whatever premium it wants to put in price I'm not willing basically to pay a exorbitant price for Nasdaq
Speaker A
especially on a day that there's no no news until we get to Wednesday and Thursday so that's a little bit better delivery see how the the bodies are like buted up in at the bottom of it and not
Speaker A
just a wick that's what I saying about the uh the break over here I didn't like that there because while it did go below it U when we have such a a premium opening meaning that this is where Friday
Speaker A
settlement price is here and the first print at 9:30 the opening bell that's your first traded price the difference between that is so large it's already built in an expensive price so I'm not willing to to buy that
Speaker A
and I'm comfortable letting it go it's like anything else you if it's not your price you're not going to pay for it if you know you can get it cheaper if you just wait a little while well that's what trading should be
Speaker A
like I pay more for something you can get cheaper later on with less risk with better visibility right now you're you're trading inside of just one event of where we opened up so now think about what I was talking
Speaker A
about earlier about the breaker because we had these two Wicks down here it didn't show any kind of uh displacement lower it just reached down just a a little bit below it and because of that I was telling you we're probably going
Speaker A
to see one more Drive above this into that Weekly inversion fair value Gap then we had this delivery here and this is a one minute chart here so it was nice to see it deliver that body now leaving these kind of Wicks inside the
Speaker A
inversion fair value Gap and if it runs below that's a little bit more a lot more meaningful meaning that this Candlestick here treat that same down closed candle as I was looking at that initially here I wanted to see how we behaved when
Speaker A
price traded to its low now this is a p of interest for me at that candle's slow because we have what we have the high here this swing low and we ran up into that Weekly inversion fa you got we
Speaker A
budded up against the bottom of it with that candlestick's body indecisive candle body saying no I'm not really interested open Wick into it here and we're showing initial signs that it may want to drop there's a gap in here I'd like to see it get below
Speaker A
that and show signatures of inversion on that and how we drive un under here and it may not I'm just saying that that's what I'm observing I get a lot of questions you what am I looking for what
Speaker A
am I waiting for how do I frame a setup what determines the setup um most of which is how we open if I'm trading the morning session how we open in relationship to the previous day's settlement price which is
Speaker A
4:15 Eastern Time p.m. and then the afternoon I'm not so much you know concerned about the saying things that uh the morning session provides me there's other things like I'm looking at how we trade in the afternoon lunch I'm
Speaker A
not so much you know concerned about the same things I just turned my headphones on sorry about that you got that feedback on but I I look for things to frame price runs that make sense so since we gapped up
Speaker A
here and have a large gap below us from Friday's close at 4:15 any movement below here sets the stage for a potential trade to half of the Gap so the rules I'd live by is 70% of the time that half Gap price level
Speaker A
gets traded to and repriced to in the first 30 minutes of trading 70% of the time is not 100% of the time so because we have the economic calendar as we have this week where Monday and Tuesday's kind of like blank it doesn't
Speaker A
have a whole lot of uh um reason to do anything yet except for building a big premium for PPI and CPI number to run against this so in my mind that that's how I'm interpreting this in case you're probably wondering what that
Speaker A
is like what do I think is going to happen this week I think all of this is just you know them going against last week's big drop and going up into a logical level which that Weekly inversion Fair Gap
Speaker A
that's that orange shaded area I'm watching this 15c Gap right here it's also a breaker have high low higher High inside the inversion for got the um the absence of anything on the economic calendar Monday and Tuesday forces me and or forces a price
Speaker A
action Trader to demand that price be clean versus I can I can engage with a little bit sloppier price action if there has been something released at like 8:30 or if it releases at at 10:00 some kind of
Speaker A
economic news driver something some kind of report or something basically like a smoke screen that's what I call it an injection of volatility it's an invitation for people to come to the watering hole okay so we don't have that
Speaker A
today and we don't have that tomorrow so the best thing you can do as a Trader and put this in your Journal as well and you'll probably save yourself a whole lot of heartache and draw down and probably blend the C
Speaker A
but the the absence of anything on the economic counter that means that you must absolutely see clean price action just because you have a high impact or medium impact news driver does not mean you're going to have clean price action
Speaker A
you can have really wild back and forth price action and if if that's the case then you don't trade that either so it's a lot of knowing when not to do something because just because you walk in the kitchen and something smells good
Speaker A
and you think that it's safe to touch that handle on that pot you don't really know and like a child you I've had this happen to me and my CH my children have done this too they reach up and they
Speaker A
touch something and they get burned but they don't ever do that ever again but you don't get that luxury sometimes in trading sometimes you can blow the account and you may not be able to trade again until you fix what was required to
Speaker A
restore all that so demanding uh Clarity and what you're looking for for the setups and just letting it go Just Let It Go which is what an adult perspective would be I want to grab that pot and turn it around here so I can
Speaker A
take a look and see what's inside this pot an adult would say Where's that pot holder at let me grab that because I ain't trying to get burned here and then I can find out what I want to see what
Speaker A
are they doing they're deferring their Interest being satisfied with protection well in trading price action when there's really nothing going on yet that is all that exciting these are the things I do I wait and I demand price give me what I would rather
Speaker A
see and that's unfortunately a skill set that wasn't there in the beginning for me like I was impulsive Reckless and fearing I was going to miss everything don't make sense don't do it for Daniel's hearing the snap at the water
Speaker A
bottle thinking bro I mailed you a Yeti and you're still drinking out of the water bottle I was short on time okay I had to hurry up and get things set up all right so now think about what
Speaker A
we've had so far this morning large range Gap open opening that's this price here from previous day's opening I'm sorry previous day's settlement down here on Friday we had a short-term High form here a short-term High formed here short-term High formed
Speaker A
here and once more up here whenever price is doing that it's usually indicative of them engineering liquidity even though the the moves aren't as pronounced as I'd prefer them to be uh that could be very much what we're
Speaker A
seeing here where by creating these little tiny short-term highs everybody wants to fill the Gap I mean that's that's trading 101 if you know anything about trading the opening session over the very few minutes of trading the gaps they have a magnetic
Speaker A
effect on price action but not all the time not all the time they can stay open for days it could it could leave that Gap entirely open for days this because there's a gap doesn't mean it's 100% probability it's going to fill it but
Speaker A
what I like to see is if it's doing things like this where it creates highs and they keep taking those Highs but it's not really running aggressively and showing big you amounts of uh price runs it's just going enough to take out
Speaker A
the previous highs it's going just enough to take out the previous highs so to me when I see that stuff I I think that okay someone is taking the other side of that high being taken out and when I see those types of things
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forming in price action I start telling myself if this is what I think it is then it should start to show speed after taking the the most recent swing High which is this one here we're a little bit deeper inside of
Speaker A
that Weekly inversion fair value G so I'm waiting to see do I get that strong drop down because I don't want to sell into these highs here like I don't I don't personally want to do that because they could just keep building this and
Speaker A
building this and building this and I don't think we're going to be here later in the week like I think we could be lower so the absence of any kind of economic data Monday and Tuesday and then you
Speaker A
have that big storm of volatility that's going to come with PPI and CPI number where like you can't safely trade them in advance because they're wild like they're immediate repricing and they're aggressive and they can hurt you very
Speaker A
very very bad if you're offside on something like that you're getting crushed and there's no helping there's no saving you it's just you're you're done for so it's better for that report to come out and then give it a few
Speaker A
minutes 15 20 minutes and then see what's left for liquidity or inefficiency here I think what they're doing is they're just retracing it against what we saw on Friday I don't think we're going to see the entire range of Friday
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overtaken there's a a large pool of liquidity let's go into oops a daily [Music] chart see these lows here it's an election year and I think we're going to see a lot of volatility around the end of uh second half of of
Speaker A
October and then obviously going into the rest of the year but I don't see us going back over top of Friday's range there's no reason to do that but we can dig deeper into this weekly inversion fair value gap which you see
Speaker A
here this is It's a separation between this Candlestick low this candle high so it's just inside of this after dropping a lot on Friday it's it's reasonable to anticipate a retracement on Monday morning like that it's reasonable to
Speaker A
anticipate there's going to be a large range gap opening higher a premium gap opening that's normal that's a normal expectation for someone that's been studying and and familiar with price action but you have to be cautious because this
Speaker A
is a lot of range just to get to the midpoint of that which is here so it you trading to 791 it could trade another 100 points higher and I don't want to try to be aggressive and try to sell short because I think I'm
Speaker A
seeing oh they ran buy stop so now it's going to reject low I got to see other things and when I'm watching how prices are creating these short-term highs I'm weighing out how does it deliver after it does it is it is it quickly trying to
Speaker A
get away from it because if it's not then it's probably going to keep pressing higher and you don't want to try to sell short on a day where it's just even even though there's a large range gap opening and everybody wants to
Speaker A
see the Gap fill like that's the natural tendency for people that want to trade or day trade they they want to see this Gap fill in they want to see that but what if it doesn't and you just
Speaker A
keep trying to sell short I've done that as a 20-year-old I did a lot of that in the bond market when I was first TR I traded caught that mute button just in time had to sneeze sorry about
Speaker A
that so one of the best things you can learn how to do Caleb is to just sit still learn to just be very very still don't uh don't try to rush to do something you make more money doing little or less
Speaker A
and you certainly keep profits longer by doing less doesn't sound like it should be like that but that's exactly what it's it's the truth okay I like what we're seeing here so we had this High take out that
Speaker A
one and this High here failed we broke lower below here and then we're seeing the bodies even on the 15sec chart respect the lower portion of that inversion Fair Val you got so that takes my attention back into the one minute
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chart [Music] learning to manage the fear of missing out is like it's it's hard folks like it is hard there's really no way around it that makes it easier or faster you just got to sit out here and watch price
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action and even if you can't watch it live you pay for like I use Camtasia by techsmith I've used them since 2012 when I first started making videos um I think it's an easy program to use and if you want to record price action I
Speaker A
mean obviously while I'm live streaming you can you can look at what I'm showing you here but eventually you're going to want to do this on your own and have a log of your own charts I'm watching the
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wick here the midpoint of that I'm watching if there's any sensitivity around that the uh the recording of the key time frames that you want to watch having that information when you come home from work or or if you can't
Speaker A
be awake like when I'm doing the live streams but you want to still learn how to do this there's nothing better than watching the actual candlesticks paint and create the uh the the full range like every fluctuation of every single
Speaker A
price tick you need to that you cannot and I mean this wholeheartedly I know some of you just love that market Replay that market replay is like a mirror meaning that when you look in the mirror and you look at yourself you
Speaker A
think you see what everyone else sees we don't see that we see the and then when you see a reflection of your reflection in a mirror that means the actual perspective that everyone around you sees it's a little shocking all of a
Speaker A
sudden you discover your nose is a little bit crooked one ear looks a little bit lower or higher than the other it's like what is going on here but that's how everyone's always saw you but you see yourself in the mirror as you
Speaker A
the reflections image well Market replay is the same thing you're looking at price with only two fluctuations watch and see when you look at trading views Market replay it shows you one tick and then boom it settlement one tick and boom in settlement so it's
Speaker A
too wooden it's too stilted it's it's it's not it's not going to give you the same experience which is necessary because if you train yourself to look at these very very static Candlestick formations that are seen by watching it go through Market
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replay it gives you a false sense of security and you don't have the ability to see when the candles are going up and down up and down and every time it creates it looks like it's finished it ain't going to make a big
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portion of the candle and it does so you don't have that effect in Market replay so the best thing you can do is record your your charts with live price feed it's a little bit of an investment and I
Speaker A
know some people are say I can't afford that then you can't trade I mean I don't know how else to say it but you that's just the way it is then you can't trade because if you can't afford to get the
Speaker A
resources and tools you don't hate me or anyone else that tells you that you you're not going to be equipped to do it you know I would want to be told that but you just you're going to have to
Speaker A
Avail yourself certain resources before you do it if you can't then why are you trying to risk money and what kind of money are we talking about because you can't pay for the resources would you scraping by just to
Speaker A
get the funded account challenges paid for and just hoping on a wing in a prayer that you're going to be profitable you're already starting the game off wrong like you're you're building it up to something that's going to have to be an Olympic feat and then
Speaker A
you're wondering why you're struggling and it's why you're rushing and you're feeling fomo I have to do something because I need this work I can't afford to trade that's really what what you're saying so if you can't afford to trade
Speaker A
then you can't afford success that's that's what you're saying you don't want to either do something to afford the resources and the time invested in learning how to do it correctly versus someone that is willing to do that that's what makes this hard
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especially as a as an educator as a mentor because students want to hear you're going to be successful and don't take no for an answer sometimes it's going to be no for a lot of you and it's going to be
Speaker A
outside my capability to to assist you or yours for the time being doesn't mean forever that some people in other countries just don't have the resources to do it and I don't always have an answer for them and they're always seeking somebody
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else that's going to promise them that and then end up finding that it's not not happening for them that's unfortunately the realities of this stuff so anyway what I was saying earlier as we were breaking down here and we were working off of
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this I wanted to go back to that one minute chart and I wanted to see how we were going to use this candle remember that high that low here didn't even get down to it so we weren't even to get down to the body
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of that count or even make them attempt to go below it we do have cell side building Bel these relative equal lows here here large liquidity resting below here but now imagine if you were trying to sell short thinking that okay it's taking the
Speaker A
stops it's taking the stops now it's really taking the stops but that Gap it's got to fill it it's got to fill it I hurt myself a lot doing that eventually you you learn that this is not something I want I am not willing
Speaker A
to buy it this thing can go up to 18,900 today yeah I don't care I don't care I'm not willing to pay that price because if I pay that price am I going to be comfortable holding that position
Speaker A
I'm not going to be hold I'm not going to be comfortable holding that position because it goes against the very principle that I trade on I have to buy discount this is an expensive premium price in an environment that is being
Speaker A
manipulated because we have two big impactful news drivers the PPI and the CPI number and for a new student hearing that it sounds like well you're you're just making excuses because you can't you can't buy I can I can tell
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you where it created the setups and you can see them yourself I'm not willing to take that trade and I get a lot of that question a lot like how do you filter out the times where you want to be a
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buyer or seller when prices is doing certain things like for instance it opens and just keeps inching a little bit higher inching a little bit higher I'm not willing to take that but I'm willing to wait for the
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ones that work that yield $100,000 in selling short on the one minute high of the day and trading all the way down to a deep discount that's the stuff I'm willing to wait for I'm waiting for very surgical precise things to align and if
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they're not there I'm not here to try to do something for the sake of impressing every live stream like that that's not I'm teaching my son that's this is not a I'm going to show you how smart I am that that's not
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what that is the trade executions videos that's what they for that they're for that that's what that's for but when we're in here watching price action and I'm teaching I'm trying to teach you how to manage yourself manage your
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expectations of and in fear of missing moves there's nothing to fear there's literally nothing to fear there's no regret about missing any kind of move if it doesn't make sense and if it's too expensive why buy it if it doesn't make
Speaker A
sense and it's too cheap why sell short it's very simple logic that's not complicated but that's what I live by I live by that principle and anyone else out there could be taking trades and I'm sure I have students in here I have people
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probably on the other end of of what I teach that's outside of what I teach basically and they may be doing something else but you didn't see them take $100,000 that's Friday and you ain't going to see them repeat it as
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much as they want to say so in the comment section I was on Twitter not one of them said here's here's where I'm going to do it it didn't didn't happen lot of lot of hush on Twitter Patrick willing was the only one talking
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he wanted that engagement how you doing Pat hope hope Hawaii is lovely today is there a time at which I would say I'm not interested I'm not taking any trades um given the current like the way it is
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right here we had a large gap opening and it's just digging into that Weekly inversion fair value Gap at 11:00 11:15 I I would usually pull the plug if I don't see something that makes sense where it starts to break
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because I'm my interest is this I only need it to get into this area here I don't even need it to get down to the mid Gap like I don't need that because I'm certain that if we can get below this
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low here it will give me a fair value Gap it'll give me a bearish order block it'll give me a a small bearish breaker it'll give me a institutional or entry drill it's something that I can key off
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of either on a one minute chart or a 15-second chart and that difference between this candle's low to 3/4 or half of the distance between the upper quadrant and lower quadrant of that opening range Gap that's what I'm sitting comfortably
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waiting for and if it t if it keeps going higher away from me fine I don't care I'm not losing any money I don't have any anxiety I have zero anxiety my pulse is literally probably 60 beats or
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lower I have no no sense of urg at all none and your trading needs to be like that if you're watching price or if you're trading and you're hearing yourself or you're feeling yourself a lot of sympathetic sigh you're doing all that what you're
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doing that's your body's involuntary response to stress and when you want to bring yourself down real quick if you're feeling stress find a way to find your yourself into a yawn and if you're not physically doing a yawn pantomim one as best you
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can stretch you stretch your arms out and and do a yawn what that does it immediately resets your nervous system perfect example I I see it all the time with my dogs if you have a dog watch them now I'm me keep I'm going to
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teach you something here i' like to see it break down in here now this turn I'm going to see it uh make an attempt to get through that and then if it does we'll watch and see if we can
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get into here because this is the this is the area where I'm hunting I don't care about being all the way up in here it's not necessary but if you have a dog and the dog goes to its bed or
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wherever it wants to rest watch what it'll do it'll lay down and then it'll it will always do this every single time the dog will do this it'll go and then it's 3 4 seconds it's asleep immediately what's it doing it's
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resetting its nervous system it doesn't know it wants to do it it's just been created by God to do that it's designed to do that well when we're tired what are we doing we're forcing ourselves to stay awake and then what is
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our body doing as a response to that you yawn just that I already feel even more relaxed if you don't believe me try it if you're having anxiety if you feel like you're missing something you're having fomo stretch yourself think about
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how good it feels to yawn it's very relaxing it's satisfying but what's actually happening is is your Vagas nerve is being stimulated which is a nerve that runs down from your brain behind your ear down yourid of your neck
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and it lays literally like a web across all your major organs so when you're stressed it affects all your major organs and that's why you feel terrible when you're in anxiety attack or panic and then you start feeling the body
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symptoms that cortisol which is the chemical that's released after adrenaline is in your bloodstream and the whole time if you don't have coping mechanisms to counteract that you're not going to trade with a clear mind you're not going to be able to manage your
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emotions you're not going to be able to manage your the physiological stress that you're placing on yourself and if you continuously stay in that you will eventually have heart attacks you'll have you'll have strokes you'll have things that are going to make you
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physically ill so you have to relax take a deep breath and then when you think your lungs are completely full try to suck in a little bit more air so it's like that's the emptiness at least twice the end amount
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of time that you breathe in slowly your exhale has to be twice as long and it's hard to do it in the beginning if you're having a panic attack it's really really hard to do but that will immediately
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reset your nervous system and cancel out your anxiety attack when I was having bouts with high blood pressure um that was a physiological response to having a vertigo attack I only had one attack of it but I was thinking am I stroking out
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because my dad's had strok his father died of a stroke um heart disease in my family and diabetes is in my family my blood sugar is fine my blood work is perfect my heart rate is like an athlete
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my blood pressure when I was contemplating I was going through something that was leading to that my blood pressure was skyrocketing high like dangerous levels but then I remembered that okay if I go to the emergency room and they do all the
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checks and balances on me and everything is as it should be CAT scans EKGs like everything they did all the work and literally the nurse says I've never seen anybody with blood work that's perfect and you're 52 I said I will be
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52 but that was that's what I needed to hear and I didn't know what I was having was a vertigal attack and I expected that to happen again is what that was so I was living in anxiety expecting that
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next vertigo attack that never came but I've learned how to now manage it should I have another episode of it my mom had one of them when she was younger and never had another one but it happened after me doing my inversion table I did
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multiple sessions of going inverted and I think I probably released one of those calcium deposits from your in ear that everybody has and that's what caused it so I haven't inverted myself since then and you know hopefully because I won't
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plan on doing it anytime in the future I'm watching the breaker here the high the low and the high the uh the anxiety of wondering am I am I feeling the effects of being older and it's my body really been because I wor I
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wore my body down a lot with stress as a younger man and that stuff has a residual effect that comes and pays dividends later on so I'm teaching this to you now because you may not be thinking that it's it's something you
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need to worry about but you do and by being able to reset instantly God's given us the ability to immediately reset our nervous system and once I started applying all that again my blood pressure would be 176 180 over
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120 and then five minute breathing of slow inhales when you feel like your inhales at its fullest capacity then try to suck in a little bit more in and hold it 4 seconds and then Le it at least it has
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to be at least twice as long as it took you to inhale and it's it's not easy to do it feels like you ain't breathing enough but you really are all right we're digging down into that low now and if you take your time with your
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exhales if your exhales are slower than your inhales you're act you're activating the side of your nervous system that allows you to relax it's real easy for a human being to activate its fight or flight stress uh someone comes up you
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think they're going to punch you or if you get hit if you have an accident something scary happens to you immediately your pulse goes up you get an adrenaline injection and the Creator gave us that ability to be able to fight
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or flight run away or fight your your your senses are heightened because of the adrenaline your to use more strength and reserves and your muscles than you usually call for so it's so easy to get in that state and if you
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live in that state as a traiter that is constantly just trying to chase something because you don't put the work in trying to make a model try to discipline yourself you will condition yourself to always go into that fight
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ORF flight feeling that sensation of I in I'm in emergency no you're not you're tricking yourself telling yourself you're always in an emergency and you wonder why you're always stressed out but that goes away instantaneously once you understand how
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to control your breath and your breath controls your pulse and your pulse controls adrenaline and then cortisol if cortisol releases in your body you got about 20 to 30 minutes before that stuff Burns off you'll have fidgetiness you'll have
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nervousness and shakes maybe you'll feel like you're sick to your stomach and you just don't know what to do and you feel like you're going to pass out all these symptoms are are response to cortisol being in your body but anxiousness
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starts with the adrenaline and the way you avoid having that ever occur in your trading is having a model knowing what what are you looking for what are you waiting for if you don't know what you're waiting for you're waiting for a
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jump scare remember the big Trend that used to be on YouTube all these jump scare videos my kids love them and I told them I said you know you love it right now but when you get into the real
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world and you're expecting the the things that happen in this world to be smooth and you have flat tires um a breakup in a relationship a health scare you know you won't appreciate those things man it's it's a carnival ride
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right now but in trading you don't want a carnival ride you want it to be boring absolutely boring I'm watching the 15c fair value Gap here I'd like to see it stay heavy and all that but you have the ability to reset
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your nervous system and it cancels out any [Music] anxiety because you have to first stop the pumping of the adrenally and you have to stop the cortisol releasing in your bloodstream cortisol is your stress hormone you keep pumping that into your
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body every single trading day you're going to have heart disease you're going to have hardening of the arteries because when cortisol is released in your bloodstream the way your body repairs it is it lays down cholesterol inside your arteries and your blood
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vessels and if you keep doing that and no on top of that you eat unhealthy Chipotle you eat all this fast food garbage you don't eat clean you are going to have health deteriorate and you want to be able to
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sit here comfortably and calmly not worrying about what what you should be doing because you you should already know what you're doing waiting for a setup that's based on logic that you've worked on and framed without any necessity about being right being right
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is not what my goal is I'm not teaching you to be right I said I saw somebody on Twitter give this real long bloviated uh explanation or expose about what they think about I'm teaching or how I trade
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or how I try to cultivate uh the mindsets of my students I'm not teaching you to be right I in fact I've said the opposite it's not important about being right it's important to be in control of yourself and it's important to know what
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your model is know it in a written form know what it looks like graphically like a diagram what does it look like in price action draw it out if you can't draw it out then you don't know what it
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is you can't recognize it and it may not look exactly like it would in in price action but to someone that trades we would understand exactly what that is but someone that's not a Trader wouldn't understand what you're
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drawing but controlling your breath and controlling your thoughts if you're constantly telling yourself I'm going to miss a move oh man I'm losing all the time this isn't worth it why am I putting myself through this you're basically telling yourself you're in an
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emergency and why are you surprised when you have adrenaline dump in you and then you have cortisol release in you and then you start feeling the physical symptoms of full-blown panic attack trust me if you've never had a t
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attack it's a very scary feeling but as soon as you know that it's just that and it's not something like a medical emergency you can immediately turn it off and you have these these the easiest way to stop it is slow your
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breath your exhales have to be at least twice the length and time that your inhales are slow it down you can do things like box breathing um the best thing I do for me and box breathing doesn't work for
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everybody but I usually do a a four to five second slow inhale and then when I feel like I have my lungs at full capacity I I do that one more little sniff to get the last piece of of empty
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space in my lungs and I hold it for four seconds and when you first f it three times you're there you go that's what I'm looking for right there now we can watch below this low I change that
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[Music] to blue one that we can see it over here on the two different time frames so this line here this blue line is this line here on the 15sec chart over here and this is the upper quadrant of the
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opening range Gap that's this over here on the one minute chart you see that in this good this is good information and there's no books out here with this stuff they're not going to tie it together with trading and how
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to manage yourself that's why I said that there's no there's no good trade psychology book out there as much as everybody loves Mark Douglas's book it's good for what it is but it doesn't it doesn't it doesn't do it for you really
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not really not it didn't do it for me let's say it that way I think it's more fair statement for me to say it that way and then we'll do uh we'll annotate the mid Gap here [Music] but Stress and Anxiety you can turn that
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off immediately boom just like that it starts by controlling your breath and your thoughts while you're slowing your breath down you're thinking positive you're reminding yourself that there is no there's no emergency nothing's forcing you to take a trade today you
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don't have to take a trade today you don't have to do that you don't have to trade every fluctuation you don't have to do that but you're telling yourself you do when you don't so I would very like to see um if it can touch that
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64.75 level um or get in not not it doesn't have to touch it but if you notice that same 64.75 level has a little Gap in there on the 15sec chart I'd like to see it bump this candlestick's high right here on
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the on that one just to hit that and then see if we can roll over from that that'd be neat to study the uh the effects of doing things that you don't fully understand how to do is a scary thing and then we add to it that
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the embarrassment of not being right or losing money if you're wrong um the the peer pressure of other people saying you're not good enough you're not the right sex to be trading only guys can do it good you all these things can
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compound in your mind and it can create and Foster this self defeated mindset it's real easy to talk yourself out of a good thing and into a scary situation that really isn't scary but you've convinced yourself that it
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is and that heaviness of fear and anxiety comes over top of you and nobody as good as I am I I can't function if I lose my train of thought if I get stressed out perfect example 911 I was stuck in a huge position in
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the S&P and I was teaching an individual how to trade through Internet relay chat his name was George Lux and he's a photographer he lived in Virginia I don't know if he still lives there now but um that's an inversion I'm sorry not
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invers that's say institutional entry drill right there on the one minute [Music] chart I came back from taking my son Cody to school and when I came in the TV had the the airplane first airplane had hit it I
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thought it was a movie and I wasn't upset by that because I thought I was just watching commercial and then when I watched the second plane hit that was that was my first real panic attack I was like where are my
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kids where's my wife like I I I wanted everybody home immediately and I I couldn't get out of the market because they didn't open the market up that day and I was stressed about that and it was just a terrible
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feeling I've had smaller incidents or I bet a lot of money and it didn't perform it like I wanted it to or it moved like I would try to trade ahead of the CPI numbers and the PPI numbers
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and fomc's and the non-firm payroll and I would be very large bets not fearful of it at all but then as soon as it would be repriced against me I would that's gone the money's gone and I'm dealing with that anxiety that panic and
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I would sit there and try to wrestle through it and instead of saying okay it's happened I'm not dead it's just money and I did it wrong so there is no emergency it's just like anything else you go to a doctor and you
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get a shot not that shot that everybody's probably regretting now but the point is is you get an injection of something some kind of you know medicine you need it only hurts for a second but my wife she has terrible
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anxiety around IVs and whatnot and I have no anxiety over that stuff the level of fear and fomo that you're going to feel is going to be directly related to the expectations that you hold over yourself if you want extremely high output and
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results and you're not equipped with a model you're not equipped to have a well-rounded model that you can anticipate seeing and forming and you know when it usually forms what time of day does it form how does it behave in
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price action if you don't have those things your anxiety is going to be through the roof and if you're good at hiding it in your own social media you know that's terrible too because you're lying to yourself the people online they not feel
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what you're feeling but you're feeling it so institutional Oro in on the one minute chart watch this little section right in here it's all part of this move here I like to see the second lower half of that keep price at Bay see if it stays
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heavy and then we can see if it runs down into the mid Gap but if you want me to do a v i can do a very short video on how to uh manage anxiety and stress while in
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trades or in trading um it's it it's very very useful information um I I just don't I I don't have another person out there I can point to and say go watch this guy or gal it's a it's a
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collection of things I learned things from a woman uh named lucenda Basset attacking anxiety I bought her her whole course it was kind of expensive back in the day but uh you can read her book you can go to Library
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actually get you have to pay for it but the uh the information and the coping skills learned I learned in that book helped me know that there was a way out of living with it but when you start putting yourself
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in high stressful uh conditions like trading like it is like it's bound to happen and you may not even realize that it's anxiety you just feel overwhelmed and it's terrifying the first few times that it happens very first time you feel like
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you're dying and then the second time he feels like this is going to be worse than the other time it happened and that feeds that whole experience and makes it worse it's a terrible thing to live with it I I lived with it for a long time and
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it developed into aor phobia I was AF have any stimuli around me it made me close up and it caused my relationship as a as a father and a husband it was it was horrible very very horrible watching that 15sec chart here we
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institutional Oro entry drill here and mid Gap is down here then again that's this level it's half of the Gap that set up this move from Friday's settlement price and the opening up here see how we're using that upper quadrant level
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there so had a fair value Gap here closed in half the Gap worked it here went lower you hear any kind of anxiet in me describing it any sense of dependency like I have to be right no it's same old stuff all the time
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every single day and when you realize that these things can repeat you know how to wait for the setups to form and you control yourself you don't try to predict the euphoric moment of when it gets to your target you just let it do
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what it's going to do because until the trade closes in your in your favor you're not you're not profitable you're not technically quote unquote right so trying to live in that moment where you're watching a level that you're
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hoping it gets to try not to live in that moment ahead of its delivery because what you're trying to do is is you're trying to escape the uncomfortable uncertainty of is it really going to go where I want it
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to go you have to be indifferent to it you got to just relax and let it go where it's going to go that way if it's going to give you indications that it's not going to go you're going to be more
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receptive to it you'll be able to see that versus hoping and praying and panic and just it's a Tor it's torment is what it is when you're in a winning trade and you don't have a model that's torment and if you've ever had a time
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where you made money either trading real money or a demo account and or a funded account challenge or funded account any any any degree of of where your outcome is being measured for the B of being right or
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wrong with monetary reward or clout Associated to it you have the vested interest in being right at the end of it and your target your your take profit is that report card it's the measurement of you being correct and if you hold your trades to
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that measurement every single time while you're in them versus is the market doing everything that would allow me to trust this continuing that's what you're constantly feeding yourself is it doing everything that is indicating that it would still
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be okay despite it not going as quickly as I would like to see it go to because that's a part of development that's very very hard to articulate as a as a teacher is letting the trade pan out and
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not wrestling with it not trying to force I got to just get I just wish it just let me get my target cuz I can get away from this I'm I'm worn out because you don't have to manage
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yourself you're you're discovering that you aren't equipped to be trading with the outcome being so impactful it takes money from you if you're wrong but you don't know what it feels like to be on a trade where you're
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actually winning because you don't know why the trade's winning and you're afraid to get it out of it and you're afraid that if you get out at your takeprofit what if it goes more or what if it goes
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V me right now and I could close it when I'm up $3,000 or whatever the amount would be so when you have these things going through your mind they're all distractions that's exactly what a neoy is experiencing a neoy is always worried
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about the things that they shouldn't be worried about instead of focusing on the things that they should be which is watching price is it behaving is it supporting the underlying narrative that put you into the trade now if you start
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at square one where you don't have a model you just impulsively chase price you shouldn't be surprised that you have anxiety you shouldn't be surprised that you're uncomfortable being in the tree because you don't know what you're looking for you don't know what you're
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waiting for you're not looking for anything that you've measured in the past so why should you have any surprise about why you're feeling uncertainty that's now turned into an adrenaline release and then now cortisol released and you're in full-blown panic which
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paralyzes you you ever have that U it's called the gambler's numbness you've lost a lot of money you're at the verge of blowing your account you're blowing your funded account you or you just did and if you had more
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money in the account you'd still trade again and not feel anything that's a terrible experience to be in because you completely unplugged the rational thinking part of you it's just like you're it's almost like being catatonic you just you're just pushing
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the button you don't care what the outcome is you just feel like you have to push the button that's Insanity as a Trader I've experienced that a lot as a 20-year-old I was in Shell Shock when I lost lots of money that I didn't
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have I didn't have that kind of money I had to work very hard to get these things scraped up to put into news accounts and when I blew them it it was it was bad it was really bad and I didn't have the skills I have
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now I don't I don't have the ability to to wrestle into subjection the the intrusive thoughts the W if thinking what if it does this and what if it does that if you don't have your model defined and you don't know what makes
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that trade set up viable why should it form where you expect it to go in and take a trade why should it even be doing any of that stuff if you don't have experience collecting that information that data by watching old price moves
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that have already completed getting a large collection of that Caleb and that's what we're doing when we do these end of the day observations they I'm annotating the chart with what I see and what I have watched with real- time
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price action these are things that I was measuring and looking at as price was delivering because that's how I read price I want you as my son to learn how to do it that way now you're going to
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have your own little things in all the things that I'm annotating and your eyes going to jump to something that says that's the setup that I feel I can see it easy like I can see it forming I can
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see it developing all the time and it has these same characteristics that repeat over and over and over again when you have that that's an epiphany that's an aha moment that's a I see something I've never saw there before and it's
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exciting and whatever that is for any of you listening that's where you first start you start there we're inside that little inefficiency here I like to see it invert uh not inversion I like to see it create a institutional order which is
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a partial fill of that and then dump down into the mid Gap the um it's very liberating when you have number one control over yourself and that is going to be acquired by you having a model that you've seen in Old
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moves that repeats over and over and over again now it may not form every single day for you you may not be able to find it every single day but if it happens three times four times a week that's a
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wonderful model but if you work in these lower time frames which is kind of like what I'm forcing Caleb's perspective today with is that there's lots of opportunities and you need not chase price you need not chase the expensive
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premium pricing that they are throwing to the public they're literally just throwing slop out there into the open mouths of just retail traders that just simply say you know it's probably going to keep going up bro like I I gotta buy
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it I'm not trying to do that I don't want to do that it doesn't make any sense for me to pay extra money for something I can know I can get cheaper and I only have that understanding is because I've been doing
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this for a very long time I've collected lots of charts I've annotated charts and I did lots of back testing I did lots of forward walk testing and tape reading without pushing any buttons and then I did demoing paper trading for a long
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long time which was back in the day where I would just simply write down I got in hypothetically at this price on a piece of graph paper and then where the highest high and the lowest was I would
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do what my draw down would be and then what my uh profit Target would be how long it took me to do that and I con I conditioned myself that way you have all these resources of doing demo trading I
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didn't have that when I first came up everything was Antiquated and and archaic and everything was written down and scribbled in and you have the dynamic privileges really that people like myself where we we would handdraw our charts like we had that was our only
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alternative like they until they came up with things like uh you know super charts and meta stock and and things like that everybody did it one way which was they made their own charts they drew it out on graph paper or they subscribed
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to services like price charts and or crb chart and they they gave you a chart book that had some of the data but then you were then you're responsible to do the rest all by yourself every single day and there you go there's your half
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Gap so is it happening in the first 30 minutes no but it did trade down to Mid Gap did it give a fair value Gap in institutional overflow entry drill some kind of Premium I'm sorry some kind of
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yeah some kind of premium array to get short between this low and that upper quadrant to get down to here yes institutional overflow entry Jo there delivered you're never going to be short of supply of setups once you know what
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you're doing folks there's no reason zero reason for you to have any anxiety about missing moves feeling anxious about chasing price when it was doing all these things up here everything was just a story time just sit back and let it tell you what
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it's doing relax let it really prove that it wants to take a run below the initial lows formed here now think about that how can I explain what I just did here in a book I can't that's why I'm teaching a lot of
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lessons like this that cannot be articulated in a book there's no way that I could just give you what I just gave you here in a book and you get it you can't you have to watch the candlesticks paint you got to see what
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it's doing on a 15-second chart remember I told you I was watching this up in here there's inefficiency and halfway part of that right there that's this and we want to see it roll over and get heavy go back it's in the live
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stream folks I I was not trying to be long today and it's boring to me and that's not a brag that's just the fact it's boring to me I can sit out here every single day and call every
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major move every single one of them but not every single one of those moves are a trade that I want to put money on I don't want to trade just for the sake of trading that's maturity that's a mindset
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that you should aspire to have that means you have control over yourself you have a measure of self-control that's alien to 99% of every Trader even those have been trading profit for a long time because if you're a successful Trader
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say say you can take down pretty big uh paydays the likelihood of you being a junkie and you're all hopped up on goofballs because you know you can take big money you can take it so you're like a big game hunter you don't need to kill
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that animal you don't need to go over there and take down an elephant to eat it you're not starving you just want to do it because you're hopped up on goofballs because you're willing to kill something like that because you're a psychopath
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you want to do those types of things you in my in my opinion You're a murderer and you're satisfying that desire to do those types of things but you probably still wrestle with this impulsiveness of that you want to get a
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fix you maybe have made like lots of money maybe you don't need to trade ever again like me I don't I I don't never ever need to take a trade again ever money is not an issue for me but I love
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doing this I love it's my entire life and now because my son's interest in it is like I'm really like I'm keyed up like I'm I'm ready to do it clearly because I want my son to do well but
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it's very hard to understand how to control yourself because in the beginning you might look at me you might look at other people and whether they're taking trades live in front of you calling signals that work or they have
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Broker statements or they won competitions whatever the Catalyst may be that causes you to have faith in this individual whatever that is you don't have Blind Faith and that's good that's good skepticism is absolutely crucial have it with me and have it with
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everyone else because if you just blindly follow the logic that anybody spouts out their mouth and you've never tested it never back tested it never looked and investigated the claims of what this information should or should not do
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you're not really informed and you're just basically blindly following either what everybody else is says well this is what you should do because I seen it I seen him do this I seen her do that did you ever see
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it did you ever sit through a full live stream where I've explained the logic why it shouldn't do these things and why I'm not interested in this and what I'm waiting for and then watch it pan out like today
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again I do this every single time but because you want to Signal because you're new you just want to see I want to see I want to see ICT take a trade I want to see this I if there's nothing
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for me to take a trade on I'm not taking a trade period if there's something in the price action that I want to call attention to for the purposes of teaching my son that's what I'm here primarily for but everything that I say outlined
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to you happened in real time right in front of you and you can't escape it and it's for your ification Caleb it's for you to understand that are you are you going into this to be in control of
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yourself or are you going to let the the E and flow of what the markets take and give to you dictate how you're going to behave and how you're going to think because if you're going to let them do
Speaker A
that you're going to be in a sea that is nothing but storms and waves and you're never going to be at peace that means you're never making enough money you're not taking enough trades you're not risking enough because you're constantly
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doing what you're trying to satisfy that that never is quenched contrast that with I'm going to wait for my setup that looks like this and it forms around this basis what what what am I talking about when I say
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that well what did I explain to you today we had a very large range gap opening I'm already past my time but I'm going see if I can get done by 11 o' I also know just let me take take a
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moment to say this and I appreciate all of you that have left the comments initially I thought you were just complaining to me saying the videos are too long and blah blah blah blah I understand now why the specific
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requirements for some of you that the videos not be too long and plus Caleb said it's this is a lot dad like it's it comes home from work he doesn't have the ability to go through all of them each
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day so he's lagging behind so because he said so that's why I'm pulling back the the time also in addition to I wasn't aware that YouTube doesn't do close captions after the video goes over like three hours or something to that effect
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so I'm going to try to be diligent about keeping them at 90 minutes or less and you're welcome for that but I I wasn't aware okay if I would have known that the Clos caption feature was being impeded because of the length of the
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video I would have stopped the stream and started another one it still would have been long but I would have stopped it so it's not that I'm trying to make it harder for all of you that are in
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other countries I apologize it's it was not something it's intended but I I I'm aware of what it's doing and what it can't do and it's a limitation that I'm going to have to operate in so if we're limiting it to be
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done by 11 o'c ICT then it should it should answer that call so but today I described to you that we had that very large opening range Gap here which you have to you have to see it with rth which is regular trading
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hours I mean I would have paid money for session like today like you have no idea the the the stuff I put myself through it was ridiculous but I didn't have any other choice like there was nobody else
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out there that had this information or if they did they weren't teaching it right so and I appreciate the folks that take the time to write a comment and say you know I don't have to be doing this and I'm sharing
Speaker A
it I I really appreciate that because the entitlement level today is off the chain and it's it's disgusting this see how dude you talk too much get to the point like you're getting something you never would have learned before and I'm
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making millionaires with this information they're they're using the same logic and you're you're coming in the comment section complaining about how you want it better and faster and and differently go somewhere else but this is the opening range Gap and since
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we opened up here I told you we were going to work inside that Weekly inversion fair value Gap and you don't want to try to pick the highs because there was a lot of range where it could have went up into mid part
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of that Weekly inv fa value gap which is essentially around here so you got to let it prove to you that it's done enough and break down so we were watching this low here it did so and I
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gave you the framework about how this Gap below this low here I wanted to see a premium array form between this low and this upper quadrant between this little area right in here that's where my setup would form my pdra would form in this area
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right here institutional orfl entry drill over here it breaks lower in that area comes right back up in here boom and I told you moov right there go watch the the live stream during the 10:30ish to 10:36 time I said I'm
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watching this right here when I do that that's a that whenever I say when I'm watching something during the live streams that's a wonderful opportunity for you that are watching live or when you watch the old recording stop and
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pause the video and screenshot that think about what you see in price what it might do after that moment Caleb and you got one of the best learning opportunities because it's like okay Freeze Frame boom why is he
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interested what should it do and then like I said at that time I said we want to see it roll over from there and stay heavy and work towards that mid Gap does it do it look at the bodies look at the
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bodies how it be behaved inside that little inversion fairb I'm why am I saying inversion fairb the uh see that little volum in Balance there we have to make sure we keep that there as well there's that halfway point that
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pric is uh 18, 583.20 84 84.75% those things but I have to let it do its manipulation I don't want to force myself to be in something I told you this is all building in a premium it's engineering liquidity every time it made
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a new high someone's taking the other side of that when it stops being taken so buy stops Above This High absorbed there shorts smart money are selling that that buy stop and they're buying a breakout retail who wants to be the
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other side of that smart money they're selling to those buy stops here and then above here boom they're selling short to those buy stops again all of this is building in a premium and they're selling it to the
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public I'm waiting for it to get down to here to give the setup to trade down to the mid Gap and there it is small little retracement digging down so now you want to look at the lower quadrant and then
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I'm going to close the stream out okay because I've overstated my welcome here's the lower quadrant so you want to watch and see does it trade into that that price level right here but if you want to um leave a comment I
Speaker A
I read every comment even though you guys can't see them I see them rude ones or or people that are just stupid I I just make you invisible to me you think you're leaving comments and you'll see your comment but I can't see them and no
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one else can see them obviously but U if you want to see a video I can't promise I'll do it during the week I might do it this coming weekend if you all have an interest in it but if you want to learn
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how to uh manage your stress while in trading and how to keep yourself from having pay attacks and also how to keep yourself focused so it prevents adrenaline effect or cortisol effect these are all real things and if you
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ever traded long enough um you felt that you probably didn't understand it but it's absolutely 100% controllable and you can be like a like a a Buddhist monk like you're impervious to it like you're completely devoid of all of that anxiety
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and and wood have thinking I could probably do it in a 30 minute video it's not a lot it's a lot of uh preparation mindset wise and some breathing techniques and things to focus and how to how you are supposed to reset your
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nervous system and it can be done instantaneously like bang just like that like it's instantly corrected perfectly and to me in my opinion I've been doing it for 32 years and having gone through extreme anxiety it is one of the most worthwhile
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investments in discovering skill sets that any Trader should have in their repertoire because you are going to feel stress you're going to feel stress in the trade or you're going to feel afterwards when you lost a lot of money
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and if you focus on that stuff it's going to mess you up and you won't progress further efficiently and correctly so if you like I said if you want to have something like that um just give me a um a comment s please you know
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lay it on me and I'll get to it probably uh either Sunday or Saturday maybe I'll do a an audio kind of like a shotgun Saturday on on the YouTube channel because it's it's basically going to me just talking about those coping skills
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and how to overcome anxiety and trading and all that the real psychology behind it that that's what that's really what it is I I flirted with the idea of having you know five books you know three technical one's a fiction about a
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traiter that n may have heard and then the fifth one was going to be I flirted with the idea I don't I'm not sure we'll see how the books are received by all of you but the uh the fifth one be would be
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like a a trade psychology book like the and bolts here's what matters most and there it is but uh I enjoyed the time with us together over the charts hopefully you learned something today um it's probably isn't going to be one of the barn burner type
Speaker A
uh lectures or whatever but I promise you once you start trading with real money and you feel all the the problems that I talked about here fomo China chase price losing money and anxiety attacks and stress and all that stuff
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you're going to appreciate this kind of video a whole lot more later on in the beginning when you haven't even done anything that stressed out you just want me to get to the point the point is is you don't know the point that's the
Speaker A
point you don't even know what you're doing yet and I'm trying to prepare your mind for that Caleb and until I talk to you next time be safe
Topics:tradingfair value gapprice actiontechnical analysistrading disciplineFOMOeconomic calendarPPICPIlive trading
