YouTube Video — Transcript

Blending private mentorship insights with YouTube teachings, this video outlines trading strategies, community distinctions, and upcoming live stream plans.

Ask about this video. Answers come from its transcript only — with the timestamp, so you can check them.

Generated from the transcript and can be wrong — check the timestamp.

Key Takeaways

Private mentorship offers deeper, earlier insights than YouTube content.
YouTube teachings focus on a streamlined, effective trading approach.
Live streams will provide real-time chart analysis to enhance learning.
Trading success requires more than just simple entry and exit rules.
Community content delivery is evolving to more efficient formats like forum posts.

What the video covers

The presenter blends content from his private mentorship group and YouTube community due to time constraints.
He explains the differences between the private mentorship group and the free YouTube community.
Private members receive advanced, early analysis and detailed intraday chart breakdowns.
YouTube viewers get a simplified, easy-to-follow trading model focused on consistent success.
The presenter plans to start live streams focusing on real-time intraday chart analysis.
He emphasizes the importance of learning beyond just entry patterns and targeting techniques.
The mentorship community will transition from video content to forum posts with chart annotations.
The private group is large and no longer requires payment, but new members cannot join.
The presenter highlights the challenges of trading and the necessity of treating it like a business.
He encourages downloading mentorship videos before server shutdown and stresses continuous learning.

Chapters

What is the main difference between the private mentorship group and the YouTube community?

The private mentorship group receives early, detailed analysis and intraday chart breakdowns, while the YouTube community gets a simplified, streamlined trading model focused on consistent success.

Will there be live streams available for the trading community?

Yes, the presenter plans to start live streams that will provide real-time intraday chart analysis to help viewers learn more effectively.

Why is the presenter blending content from both communities in this video?

Due to time constraints from travel and workload, the presenter is combining content to cover what was promised for the YouTube community while also providing insights from the private mentorship group.

Full Transcript — Download SRT & Markdown

Speaker A

All right, folks, welcome back. A little bit of a different type of presentation style tonight. I'm going to be blending both of my communities. Okay, I have a private mentorship group, which I usually do a midweek review and commentary and teaching with on Wednesday, Monday, and Friday.

Speaker A

with on wednesday monday and friday and then obviously you know youtube mentorship group you all get a video from me on tuesday night and on thursday night well this is part of the video when i talk to my private group i do a little

Speaker A

And then obviously, you know, YouTube mentorship group, you all get a video from me on Tuesday night and on Thursday night. Well, this is part of the video when I talk to my private group. I do a little bit of jawboning, so bear with me because I'm trying to save myself a lot of time. I went on holiday last week, and we went down to Florida, did some gumshoe detective work, found some interesting things.

Speaker A

and i'll bring that up in the coming weeks it'll be a little interesting but in the meantime i came back obviously late we had a lot of traffic and it delayed me i couldn't get back home to do the video for the youtube

Speaker A

And I'll bring that up in the coming weeks. It'll be a little interesting. But in the meantime, I came back obviously late. We had a lot of traffic, and it delayed me. I couldn't get back home to do the video for the YouTube community. And I got home late today, and I had a lot of admin tasks to do because of mentorship and businesses that I'm running.

Speaker A

have a lot of work to do when i'm producing these videos for my private group so i am blending both okay so i'm gonna cover what i promised i was gonna cover in the youtube commentary on tuesday night but was unable to do so

Speaker A

So with that said, just know that this is not going to be a regular thing. I'm doing it because I have a lot of work to do when I'm producing these videos for my private group. So I am blending both, okay? So I'm going to cover what I promised I was going to cover in the YouTube commentary on Tuesday night but was unable to do so.

Speaker A

on youtube okay and just so you know i know there's a lot of you that are commenting in the videos and you're asking how to join the private mentorship group and what is the distinction between that and the youtube community

Speaker A

And then also, I'm going to give the private mentorship group their commentary and blend both communities together. Okay, so it'll kind of give you a little bit of an appreciation for just how much I really am teaching here on YouTube. Okay, and just so you know, I know there's a lot of you that are commenting in the videos, and you're asking how to join the private mentorship group and what is the distinction between that and the YouTube community.

Speaker A

night and i'll use that to segue into the teaching that i promised i would give you youtube community on tuesday night but was unable to and kind of give you also a a preview kind of like what i'm going to

Speaker A

Well, the private mentorship group, they get to see things before it happens, okay? And as I call moves before it happens, I call analysis. I break that down before it happens, and I'll give you a little taste of that, what was given to them on Monday night.

Speaker A

yep it's 2022 i'm doing everything they said i wouldn't do okay so anyway the point is i'm going to give you a little bit of a taste of what i'm going to be outlining in real time with intraday charts okay which is a lot

Speaker A

And I'll use that to segue into the teaching that I promised I would give you YouTube community on Tuesday night but was unable to. And kind of give you also a preview, kind of like what I'm going to be doing when I start doing live streams.

Speaker A

drive most of you that don't like all of my lectures where i have a lot of insight being shared and things that you don't think are relevant to you because you want to get to give me an entry

Speaker A

What do you say? I see he's going to be doing live streams. He said he was going to do live streams. Didn't they say he would never do that? Yep, it's 2022. I'm doing everything they said I wouldn't do. Okay, so anyway, the point is I'm going to give you a little bit of a taste of what I'm going to be outlining in real time with intraday charts, okay? Which is a lot easier because it's quicker, number one, and it won't feel quicker when you're watching it with me.

Speaker A

but when i get to that part i'll tell you this is the part where i'm gonna show you basically what i'm going to be doing in the live streams okay so with that i just want to make this point here

Speaker A

Okay, it's going to be probably me droning on about things while the price action is moving. Okay, so I'm going to drive most of you that don't like all of my lectures where I have a lot of insight being shared and things that you don't think are relevant to you because you want to get to give me an entry pattern, give me a targeting technique, and that's it. That's all I need.

Speaker A

away from videos and we're going to forum posts only so everything i say usually in audio commentary over a video i'll be just simply typing out on a chart because you are now charter members so i don't need to do so much

Speaker A

That's not all you need, okay? Because if it was that easy, everybody would be rich. But I understand everybody has to go through that growth period. But when I get to that part, I'll tell you this is the part where I'm going to show you basically what I'm going to be doing in the live streams, okay?

Speaker A

so there you go makes things a lot easier quicker for me everyone else as well and it doesn't cost me a fortune to run this community it's rather large and since you all don't pay anymore i'm not running a mentorship anymore where

Speaker A

So with that, I just want to make this point here because my private group, you know who you are, I have been telling you for over a year now to download all of your videos, okay? Because the server will not be hosted any longer starting June 1st, 2022.

Speaker A

approach where you can literally go in there isn't a lot of moving parts i stripped it down to its chrome okay no fluff in it okay straight right to the brass tacks now the same thing i've done with this

Speaker A

As I mentioned, we're going to be moving away from videos, and we're going to forum posts only. So everything I say, usually in audio commentary over a video, I'll be just simply typing out on a chart because you are now charter members. So I don't need to do so much legwork with the audio, okay? Or commentary. I can point to certain things, and you'll know exactly what I'm referring to, what it means, and what it's useful for.

Speaker A

goes into a lot of detail that is honestly overwhelming for the majority of them and as i mentioned when i promoted it it's only for the freaks that want to just know everything okay not that it's going to be useful for everyone but

Speaker A

And then obviously, I'll point to where it's going to go before it's going to go. So there you go. Makes things a lot easier, quicker for me, everyone else as well, and it doesn't cost me a fortune to run this community. It's rather large, and since you all don't pay anymore, I'm not running a mentorship anymore where you pay me, okay? No one can join this.

Speaker A

successful analyst let's say it that way okay because i can't promise profitability no one can the only thing i promise and this is what i promised in my product mentorship too it's i promise that you're going to learn how

Speaker A

So that's the distinction. They get to see analysis before the fact and incorporate the things that they learned, whereas on YouTube, I'm giving you one specific model, a bread-and-butter approach where you can literally go in. There aren't a lot of moving parts. I stripped it down to its chrome, okay? No fluff in it, okay? Straight right to the brass tacks.

Speaker A

so right away you can read the comments in the youtube mentorship and you can see people are really excited because they're seeing the results of simply going in and looking for the things i've outlined i'm not giving you a lot of different

Speaker A

Now the same thing I've done with this YouTube model, my mentorship, that is charter member, they can do the same thing with what was taught to them. They can strip it down or they can make it as intricate and complex as they want. That's the private mentorship group. It goes into a lot of detail that is honestly overwhelming for the majority of them.

Speaker A

they're going to have subtle differences but they generally have the same framework and what do i mean by that well they'll have certain signatures in price where it creates the fair value gap and then it breaks a low comes back up

Speaker A

And as I mentioned when I promoted it, it's only for the freaks that want to just know everything, okay? Not that it's going to be useful for everyone, but in contrast to what they get and what I'm giving you on YouTube, I've literally laid a working model with very easy rules that don't really go beyond what I'm going to show so far that, in my opinion, can make you a consistently successful analyst. Let's say it that way, okay?

Speaker A

don't need to be pinpoint precision accurate you can be very well average in your entry and as long as you're using sound money management you can obviously fare it out you know setups that will yield consistency okay so

Speaker A

Because I can't promise profitability. No one can. The only thing I promise, and this is what I promised in my product mentorship too, is I promise that you're going to learn how to read the markets better than anybody else would be able to show you. And I can prove that these things work. I do it every single week, every single week I outline these things, and if it doesn't work, it won't hold up.

Speaker A

just don't like it all right so the dollar index is our daily chart and i mentioned obviously this is you know for the folks that were with me on monday so you're going to have to just take that in stride if you weren't part

Speaker A

So right away, you can read the comments in the YouTube mentorship, and you can see people are really excited because they're seeing the results of simply going in and looking for the things I've outlined. I'm not giving you a lot of different things to look for. I'm giving a very specific thing during a specific time of day, and if you focus there over a period of time, you'll start to see things that repeat over and over and over again. Now,

Speaker A

would go to 101. and i mentioned how we could probably draw back down in after hitting 101.

Speaker A

they're going to have subtle differences, but they generally have the same framework. And what do I mean by that? Well, they'll have certain signatures in price where it creates the fair value gap, and then it breaks a low, comes back up, and fills in the gap. Maybe it partially fills it, maybe it goes halfway, maybe it completely closes it in. We don't need that. We don't need to be precise. That's what I'm trying to show you here, that you

Speaker A

i'm not calling a top here in dollar you know i don't do that i'm staying with the online narrative that dollar should keep being pressed higher this is just a in my mind right now until proven otherwise uh just a retracement after

Speaker A

don't need to be pinpoint precision accurate. You can be very well average in your entry, and as long as you're using sound money management, you can obviously fare it out. You know, setups that will yield consistency, okay? So

Speaker A

bit of time even after that for me to change my long-term bullish stance one dollar so what am i saying in short i'm allowing for sloppy price action as i mentioned on monday night's commentary for the private group i know this is

Speaker A

with all that said, now you know the real story. I'm not getting shut down, okay? I'm not going to stop teaching. In fact, I'm probably going to now do more YouTube. How's that sound? Okay, just to get under the skin of those that just don't like it.

Speaker A

to make decisions about actually going in and taking live trades again yet because we just came off passover there's a lot of holiday volume and a lot of money stays on the sidelines during that weekend it may not seem

Speaker A

All right, so the dollar index is our daily chart, and I mentioned obviously this is, you know, for the folks that were with me on Monday, so you're going to have to just take that in stride if you weren't part of that group. But nonetheless, the idea is that we were looking for a bullish dollar. We've been bullish on dollar for a while now, and I was mentioning that we would go for the full 100 level. We hit that. I mentioned we

Speaker A

then maybe next week things will be a little bit cleaner in terms of the price action so higher prices on dollar that's what i'm looking for until proven wrong and we've obviously seen two targets here hit the 100 level and the 101

Speaker A

would go to 101. And I mentioned how we could probably draw back down in after hitting 101.

Speaker A

price does not like to leave those types of formations in in its week so in other words even though we had a market drop even though we took out a swing low even though we had a fair value got even

Speaker A

That's one of our targets, and the second one was going to be 101.947. And just for clarity's sake, the other one was just short of 103, but I just rounded it to the 103.

Speaker A

story there that is algorithmic price action okay that is delivered by an algorithm that is not buying and selling pressure okay that's not supply and demand it's not harmonic it's none of that stuff it is the algorithm delivering price

Speaker A

I'm not calling a top here in dollar, you k.

Speaker A

or lower any retail logic did not drive markets higher or lower these markets are going to book print and deliver on the basis of its algorithm now either you understand that and get in line with that or get run over

Speaker A

if you're winning in any school of thought and i don't care what it is i've done all of that stuff okay the only time that i can look back and see when my trades were profitable is when i was in

Speaker A

line with what the algorithm would do anyway now some of you watching and you may be watching this as a new viewer for some of you this may be the first viewing opportunity you had with me it's going to sound like this guy's

Speaker A

talking conspiracy well it's not conspiracy it's obviously you know we're running electronic markets now and ai is driving it and there's really nothing you can do to change it so the only thing i can suggest you is just investigate the

Speaker A

things i suggest are happening in the marketplace and i promise you if you spend no i don't know a good month you'll either see it if you don't move along there's a lot of other people that are very friendly on youtube i'm not

Speaker A

saying that they're good i'm not trying to represent anybody saying as a good teacher but there's other people out there are willing to give you their time and you go chase them but with the dollar index showing even the signatures that i have

Speaker A

been showing you in the youtube community doesn't this low being broken here in that very gap hits it right there we have another higher variable you got so what does that mean it could trade up into that but we're looking for the entry in here

Speaker A

and then look at that now is this a one-minute chart no how about a two-minute chart five no of course not five fifteen minute no it's an hourly chart and that same fractal nature of that pattern i'm teaching you in the youtube

Speaker A

community it exists here now if we look at the high and the low that whole price swing here from that low up to this high here that parent price swing if you put a fib on that and find out 50 percent of that

Speaker A

it's going to put you about in this area you're saying i'm eyeballing it but ultimately right below that low isn't it interesting that's exactly what i was teaching you in the youtube model but i'm teaching you to use it on

Speaker A

any market don't be on this team mentality because i already see it brewing in the comments section a lot of futures traders are like yeah ict you know i love the nasdaq trades and the e-mini s p i love it we're

Speaker A

future traders we you know we love what you're doing like i just discovered future trading i did that stuff back in the 90s 1992 i cut my teeth on all that stuff this is applicable to forex it's applicable to bonds it's applicable to

Speaker A

futures okay i have students that'll swear by it working in crypto for the folks that are asking about crypto i am not a crypto trader if i traded crypto i would blow my accounts out okay there you go i'm

Speaker A

not good at trading crypto if i was believe me you'd hear about it but i'm not okay so i bloomed where i was planted okay so i'm good in forex i'm good at futures that's it okay i don't

Speaker A

need to be anything else i don't need to be a jack of all trades and meet everyone's expectations if that doesn't you know tickle your fancy i apologize but again back to the website earlier you're welcome to go see someone else if

Speaker A

that's not what you're looking for but it goes to about 50 of that parent price like here from here to here that's algorithmic so we have a break in structure here fair value gap here the volume of the move

Speaker A

is inside the bodies of the candle see that we always allow for some inherent price action with the wicks and the tails of the candles but we're looking for the underlying narrative it's likely to go back in here and fill

Speaker A

this one single candle that created that imbalance this candle's low this candle is high that small little imbalance right in here it goes up and fills in that spends some time there then breaks aggressively attacking all the stops below here here here fills in the

Speaker A

gap and then goes right below that low why because equilibrium exists between this low and this high why did it drop like this because it hit our second target of 101 and plus it's 100 points or pips above the full 100 level where is wait

Speaker A

where's that good grief here it is okay so we really stretched above it and then we had this now to me this looks a little bit like them trying to produce this sentiment idea that the dollar has topped

Speaker A

i'm not convinced of that yet okay it could and i could be absolutely wrong and these highs are may be the you know the ones that top the dollar that always exists that's where i can be wrong i don't mind being wrong

Speaker A

by not trying to pick tops and bottoms i don't mind that okay it doesn't make me feel inferior does it make me feel like i don't know what i'm doing it keeps me on the right side of institutional order

Speaker A

flow institutional order flow is rooted on higher time frame bias okay and that being for the dollar it's bullish well it's bullish in my opinion let's say it that way so while i don't subscribe to the idea that

Speaker A

we have topped here i like the idea that we came back down into this run and it looks like for everyone else that may be looking for resistance ideas and a break in you know the market structure and a break and re-test idea i don't

Speaker A

think it's that simple i know some of you will argue and snickers oh it is that simple that's fine that's for your model but i'm talking about calling tops and bottoms in the marketplace that's what i'm specifically honing in on

Speaker A

i think that we're going to revisit that 101 level and we have unfinished business above it that means it's likely go a little bit higher than that that's what i'm subscribing to right now i'm not convinced at all that we've changed

Speaker A

gears now why am i beating this up because some of you didn't listen to me when i said that some of you didn't listen to me when i said it the second time because you have selective hearing you're waiting for the word order block

Speaker A

or fair value gap or break in market structure because you came into this video with preconceived notions or expectations that i'm going to somehow qualify your analysis that you think is going to happen in forex so therefore when i say these buzzwords your ears are

Speaker A

going to perk up and you'll be real attentive then and then what will happen is you're going to do something in the marketplace based on that and not even listen to anything else in this video because i'm talking too much that's

Speaker A

going to be the excuse but you're not listening okay you have to listen and understand what i'm teaching you that's the lecture here do not try to pick tops and bottoms you don't need that there's a lot of

Speaker A

opportunity between intermediate term highs and lows i don't mind missing the long-term high in a long-term low i don't need that i can be wrong in trades trying to be bullish on dollar i don't trade the dollar but if

Speaker A

i'm bullish on dollar that means essentially i'm what bearish euro bearish british pound versus us dollar all foreign currencies i'm bearish on and bullish one dollar that's essentially what i'm saying here so i don't want any of you taking what i'm

Speaker A

saying here in one sentence or one little notation that i make reference to in a specific chart and make a sentiment idea okay or a justification for your trade so just be mindful that okay all right so 15 minute time frame we

Speaker A

finally made it south side liquidy resting below these lows in here swing low and we had cell side resting below here as well so as i mentioned too clean up here they're really building the idea that this is

Speaker A

resistance i don't think that's the case and we might want to go a little bit deeper if it retrades back let's go back up to this here we could trade back to the 100 level maybe sneak below just a little bit to make

Speaker A

everybody think this is really done if i was making the market for a dollar i would take it down below 100.

Speaker A

dip it into 99.95 or 92 in that area here and then start to work it higher that's that's how i would do it because it would convince everybody out there that the dollar is probably topped and then i would take it the other direction

Speaker A

you know what i'm talking about it happens most of the time in your trades you get in and you take something all sudden no it's not as bullish as i thought it was and it went lower i've been there focused on i'm not

Speaker A

making fun of you all right so here is that hourly fair value gap but now look at it with the lens of the 15 minute time frame so we have this area here but then we have this imbalance

Speaker A

right there so it comes up a little bit deeper closes that in what do these two up close candles represent a bearish order block so we can use the low of the lowest up close candle and its opening price

Speaker A

you draw that out in time hammered it why is this an order block well it's because it's where price was delivered on the upside even though it's indecisive candles here that up close right before this displacement to the downside

Speaker A

it's not listen to me folks it's not what these folks are taking from my videos and writing books on amazon completely wrong and there's a lot of things i'm going to keep from even my private mentorship group about order block theory until my

Speaker A

books are released okay and i've purposely held that back why is he holding back everything you know it's because i have four books coming one's a one's a fiction and three are technical okay so i'm gonna put things out there

Speaker A

because there's a lot of people out there have falsely stated that they created this or i copied it for something and you don't know anything about order blocks okay trust me you don't know anything about it but you know enough to find something that

Speaker A

repeats over and over again in the second book in my trilogy i'm writing when is it coming out you'll know more about that as i come this is a whole pandemic thing messed up the delivery schedule i had for him but

Speaker A

the second volume in that trilogy i'm gonna divulge a lot about order blocks so that way the world the community and trading will know it's mine and you'll know more about it there so anything that happens after the fact i'm going to correct a

Speaker A

lot of people that think they need to talk about blocks because actually harming people that pay them or listen to them and it's not true so really what they're saying is the stuff that goes along with supply and

Speaker A

demand and i'm not supplying demand but why are these candles here on order block it's because we had the change in the state of delivery where it's already dropping then it goes higher so the algorithm is putting a

Speaker A

it's kind of like a a bookmark okay this is where it will want to refer back to in the future okay think of it like that so let's say you're reading a book okay and you're in this chapter and all of a

Speaker A

sudden real life kicks in you got to go back to work or you can't read anymore because your spouse says you know you need to do some things around the house and it knows nudge so you have to stop

Speaker A

reading you put your little bookmark in the page where you're at okay and then you come back to it later on well when you stop reading that's essentially where this candle closes and then all this happens while you're

Speaker A

away from the book and then when you come back to the book here you pick up with the storyline and what was the story line it was dropping it just had a little pause in here and then we go right back to the storyline

Speaker A

so maybe that analogy doesn't fit you but it makes sense a lot of ways to me okay it's like a a reference point that the algorithm will go back to because the algorithm doesn't know where your specific stop is at all times

Speaker A

your broker does but the algorithm doesn't necessarily know where your stop is or my stop is at any given time but it's based on the logic that is really promoted and regurgitated all the time in books and seminars and

Speaker A

course teachers and things put your stop rate above the high put your stop right above the highs you know it's always the same thing all the time and it doesn't take you know a rocket scientist to sit down

Speaker A

on the chart and say yeah well if it's been dropping find a short-term high most recently and that's where right above that there's going to be buy stops for anyone that's short they've trailed their stop-loss down so what does that mean it's like anyone

Speaker A

that went short up here and was fortunate to be right and it does this move here starts to break down their stop would be moved from here to right above this short term high that trailing stop loss mentality

Speaker A

okay i'm not a real big fan of rushing my stop and that's why i teach the way i teach because i'm looking for things that make sense and i'm not trying to strangle the marketplace but this order block

Speaker A

here is a change in the state of delivery it's been going lower it's likely to go lower this displacement qualifies that order block because it creates a fair value and the narrative is likely to go lower now this lower movement is short term in

Speaker A

nature it's counter long-term bias okay you can and will absolutely lose money trading this style trading because you're going against the higher time frame order flow this type of trading if you go in and you're trying to be very nimble trying to go in and

Speaker A

think you can you swing up and down buy sell buy sell and you just recently started you're going to absolutely blow your account okay that is exactly what's going to happen so don't do this so why am i

Speaker A

teaching this so that way you don't do it understand that this is all part of a natural retracement and you can trust and study and back test all the things that i've been teaching you and they exist even in

Speaker A

these moves here but you may not and don't be offended by this you may not have the skill set to see this type of retracement lower and short it that's okay you don't need to have that skill set i have students that are

Speaker A

really good with trading contrary in setups like this that don't trust bias because they think the moment they get in it's going to turn on them so they like to take contrary in trades where they trust it more because it just makes sense for it

Speaker A

to be broken if that makes any sense in other words they they know that this possibly makes heat going higher because they hear me saying it but that doesn't change their convictions about being a contrarian and in some ways they're

Speaker A

going against what i'm saying is a higher time frame overflow bias but they know how to pick these opportunities where there is confirmation is not likely to continue at that very moment so therefore they'll go in and go

Speaker A

against that bias and take trades now is that wrong no because it matches their personality and they know where those opportunities exist do i think that all new students should go in with that expectation and that mode of study absolutely not

Speaker A

no way absolutely no way because if that's what you really are internally as a trader it'll materialize and manifest itself over time but the only way you're going to know that is by learning the way i'm teaching it because i'm teaching you how to trust

Speaker A

the higher time frame bias okay i'm not teaching the trend as your friend because the things that they're using to you know promote those ideas i don't subscribe to so since i don't subscribe to those views i don't look at it that way so i'm

Speaker A

looking at how the market moves from discount to premium premium to discount and also within market structure so some of you at times will point and say it looks like this or it looks like that over here it's only momentary

Speaker A

familiarity it looks familiar but it's not there's a whole lot of other things going on that just sometimes look very similar to certain things but there's a specific criteria that takes place that i'm looking for that i teach my students

Speaker A

and you've learned a very simple approach to that that's existing right here in this chart in the youtube model alright so you're a dollar daily chart all right so it's been a while since i've talked to the youtube community i

Speaker A

think it's been like two weeks or so and that something to that effect um but i drove your attention to that low i said we were aiming for that and as luck would have it look it went down

Speaker A

there so that is an example of bias that is an example of what i've actually talked to my community about for well weeks as it was starting to come down we were up here looking forward to come down to that low

Speaker A

i mentioned this low here i mentioned these lows here and this low there and you all on youtube knew that we were looking for this run on euro the problem and this is why i'm not trading forex at the moment okay no

Speaker A

forex is not broken no i don't think they're ever going to change the algorithm no i don't think that they're going to change their algorithm or go against the things i'm teaching because the way i'm teaching is the market

Speaker A

itself it's the internal engines that make these price deliveries appear on your chart okay that's why i'm teaching it and with with no real reservations because i know me teaching this isn't going to change anything the level of trades that are being

Speaker A

pushed through these markets is not going to be changed by you watching these videos because honestly i've taught for years and there's a lot of people that just simply cannot follow instructions they can't follow rules and they want to

Speaker A

fault somebody else they're going to fault this one over here they want to fault me they want to fault the concepts when there's people already out there proving just from the free stuff that they're passing competitions and challenges and you know

Speaker A

making money in their own accounts you're doing very well in demo they all have a wide range of experiences already and i've only started the last week or so in january so this business is very personal and it's going to reveal a lot of things

Speaker A

about you and you're going to see things that you didn't recognize before and sometimes it's gonna be ugly you're not as good as you thought you were you're not as astute as you thought you were you're not as responsible

Speaker A

as you thought you were believe me i learned those lessons in the 90s and it was not fun and you resist it and the folks that resist it will never get it and they'll never learn how to trade

Speaker A

properly from anyone else because they have a deep-rooted issue within themselves so it won't make a difference if somebody else steps in and says hey i got something that's going to do it for you ict complicates things i'm going to

Speaker A

give you this thing here you push a button and it gets you in no the same underlying issues that are plaguing the individual will manifest in any trading approach because they lack responsibility number one they lack the adherence to rules

Speaker A

and they have not put enough time if you're not getting instant gratification you're done that's what the main critical thing about me is because i'm lecturing i'm teaching you what you're going to encounter you may not feel this is applicable to you but i

Speaker A

guarantee you stay long enough in this you're going to be met with this and if i don't tell you how to deal with it or overcome it or think about how you should be overcoming it when you get to that

Speaker A

bridge okay because you're all going to get to it eventually different times different people everyone grows differently but you're going to have these crossroads where you come to where you feel like you know i don't think i should be doing this anymore i think i

Speaker A

should be doing that or the grass looks greener on that over here or this person made money over here and i haven't made money this week so maybe my stuff's broken let me go and look at this that's

Speaker A

nonsense there's people out there that don't trade like me and they make millions because they are good money managers period that's it they have something that gives them a decision-making process they call it their system okay or their edge

Speaker A

but really they're just good money managers period they have something that instigates the idea of a transaction in the marketplace they have a faith based system in believing that as long as it doesn't do this go down to a level where

Speaker A

they would put a stop they'll stay with that idea and then when it gets to another level they get out that's trading okay but the idea is i don't think that profitable systems outside of what i'm teaching are linked to their actual system

Speaker A

it's linked to their adherence to their rules sound money management and not over trading and not over leveraging because literally i could flip a quarter and you could too with sound mounting management you could make a account be

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profitable now that sounds crazy okay do it with a demo i said i'm suggesting to you here flip a quarter if it's heads you buy flip a quarter if it's tails you sell short do it every single day don't risk

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more than a half percent aim for one percent and do that buy the open sell the open that's it that's all you do use a use a 30 pip stop and trade a forex pair and do it okay

Speaker A

and just test the idea and see how hard it is to blow the account it takes a lot of effort to blow that account but over time you can see that it can show profitability now if you take that application and apply

Speaker A

it to okay what happens if you limit your number of trades if you remove the frequency at which you trade intro week that means what days of the week you're actually going to specifically trade on and then within those days what specific

Speaker A

time of that day are you going to trade on and then what asset classes are you're going to trade and inside that asset class what specific market are you going to trade and inside that specific market are you

Speaker A

going to be bullsh or you're going to be bearish so you're refining everything down to an algorithm or a recipe because a recipe is an algorithm okay you have this list of ingredients and you put these ingredients and find them in a

Speaker A

specific order and at the end you should have an expected result being a cake or a cookie or whatever it is that you know your mother grandmother used to make for you bottom line is i'm giving you recipes

Speaker A

now it's up to you to decide on what you're going to do with this information i show it as you see every single week in my mentorship group i talk about where the market's going to go beforehand i'm not telling you to buy

Speaker A

or sell short anything at any one particular level i'm pointing to where the market's going to go because i've already taught you entry strategies but i'm not trying to force a specific entry strategy on any one student or all of you collectively

Speaker A

because there is no pressing all of you into a mode because that will absolutely guarantee failure failure as an as a mentor and be failure for a community of students i'm cognizant that there is a wide disparity between

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my personality and everyone else's and just as well as if we were on a room we would all have different personalities as well that's going to be an issue for all of you so my teaching style allows for you to find your own

Speaker A

style in the tools and concepts that i teach now i could trade with every single one of them and my better students can do it with a a good list of them but i don't have one student out there

Speaker A

that can do everything well perfectly that doesn't i haven't had that yet i'd like to believe before i pass on i will but i don't have that yet but i do have some extremely good traders some consistently good profitable

Speaker A

traders but i also have late you know failures you know these folks just simply can't get it now in the youtube community give it time you're gonna you're gonna see people commenting that they can't do it okay my

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encouragement to all of you is the same thing i'm going to tell you that i tell my private group in their form do not gang up on them don't make fun of them don't say oh well you know this

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that i don't think um be encouraging today because really if they're posting that they're hurting they feel frustrated and they're basically saying unless someone intervenes right now i'm gonna quit and i have done that there's been nobody to tell me

Speaker A

keep going okay back in the 90s i just had to persevere i'm hoping by me showing these things publicly talking about what's going to happen where it's going to go it proves you that it's possible to forecast these price moves

Speaker A

now what you do is you go back inside all the moves here and decipher what it is i'm pointing to and why it was useful for you to find a setup in it and is does that set up repeat enough for you to justify that

Speaker A

specific way or approach of trading what do i mean by that some of my students can't day trade they just don't have the ability to do it they have businesses or school or they have jobs and they have to be

Speaker A

you know making ends meet they're elsewhere they can't be in front of the charts so they have the position trade so that means they're going to have to trade on the daily chart or a four hour chart and that's fine you can do that it just

Speaker A

takes a lot of time to move from these levels here down to here and then you got to wait a long time for the next new setup i'm not a fan of that but i'm not trying to discourage anybody

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that has to operate under those restraints but i mentioned on the youtube community in the mentorship videos for this channel i mentioned that we were going to be aiming for that low we got that it's sloppy on its delivery but it got

Speaker A

down there back to why i'm not touching forex it's because of this type of movement here everything is really muddy right now the reason why currencies are not moving well is because trade is being hindered there is a supply chain congestion

Speaker A

all these factors are causing currencies not to move if you look around everybody that is been in this business for a long time that's consistently trading profitable they're noteworthy they're kind of like the the pillars of the trading community

Speaker A

none of them are really talking about currencies right now because it's a quiet asset class it's a sleep right now i don't think it's going to stay this way forever okay and when it springs back to life everybody's going to want to go back

Speaker A

into currencies okay but right now it's a really slow market and it's really hard for a trader to learn in this environment because you want to see excitement you want to see animation in the price action and i

Speaker A

get it that's what we want as traders so what i've done and i do this in my own analysis studies and teachings and trainings and the way i teach my product group too they'll test for it in the comments

Speaker A

section you tell me i'm a liar okay if i'm not doing this every week with y'all every month every year i navigate the marketplace so i'm taking their attention to where the markets are going to be big movers

Speaker A

where's the excitement i do that beforehand i'm not waiting for something to happen oh let's go over here now it's exciting no i'm always before the big moves start coming forex is not it right now okay index futures has been

Speaker A

now we're also entering a period where it could get a little dry may typically can create some scenario where it's bearish i'm looking for evidence that's going to continue but we'll get into that when we talk about index futures but

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euro dollar delivered as we were expecting we got the lower prices and that same movement and idea of reaching for that low here is basically what i'm doing with the live streams but just with intraday charts okay so in

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other words what do i what i what do i promise to do with all of you you know the few times in may that i'm going to do the live streams i'm basically going to outline where i think the draw on liquidity is now what

Speaker A

is that the draw liquidity was below this low here all this movement here each candle going lower each day it went down even though it made a low here on this candle and a low on this candle and a low here even this

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candle being up close and this candle you not quite yet making that low but then one day we smash down through it and we dug in a little bit deeper one more time not deeper than that low but

Speaker A

deeper below that low on a daily basis you know we had one two three four five days below that old low and we came back up in i'm going to basically point to where i think intraday price action is going to

Speaker A

go now i don't want any of you to take that as an invitation to go and trade on that that's the worst thing you can do not because i suck not because i can't trade not because i'm not good at

Speaker A

analysis because i don't want you to do that yet i'm forcing you to study price action you have to learn how to tape read and if you can't tape read you will not be consistent in your trading period and a story that's the

Speaker A

way it is because everything that you'll be doing if you make money is really not based on the market it's based on circumstance and believe me i've had periods of being profitable with just dumb luck it happened folks in the 90s i really

Speaker A

thought when i first started that wow i read a book you know and i watched a couple videos and wow this stuff really works and what i was really doing was just buying a perpetual bull market and everything was going up i

Speaker A

could have threw a dart at the wall and whatever it hit i was buying that and it made money everything was going up so it tricked me into thinking i knew what i was doing at the time and i didn't

Speaker A

so i want you to take the live streams i do in may and sometimes it'll be forex majority time is gonna be futures don't be part of that team mentality futures is the better thing forex is the better thing it's just right now futures

Speaker A

you know i have a vested interest in proving to the youtube community that number one i know those markets better actually than forex i started in futures in 1992.

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the same things that i always answer everyone okay let's say if you're wrong ict okay i understand i ask you all the time in the comments section what happens if you teach this to so many people will the algorithm be

Speaker A

changed will they change the way it is will they go after people that use this blah blah blah i don't believe that's the case but let's go out on a limb and say ict is wrong okay say that the whole world goes to

Speaker A

one currency okay and everything goes upside down and 4x no longer is there what would i do well if i was here i would go back to trading futures period so i don't want you to think that team futures is better than team 4x

Speaker A

because believe me when forex comes back to life it's going to smoke index futures and it's going to be all kinds of excitement back in currencies okay it that's the way it is folks it moves in and out of

Speaker A

you know asset classes are really really hot and then they go cold and something else gets really exciting it's this navigation through the asset classes that experience and those with experience doing it know how to do 30 years you know i've

Speaker A

been doing this stuff 30 years and those 30 years the greatest lessons i learned was what i'm suggesting and talking about right now to some of you young guys okay it's just too much talking but these are the things that you need to understand

Speaker A

because they're going to be the impediments to you succeeding because you think every day there's going to be a big move in the euro because you see something just because you think you see something doesn't mean that that market's going to

Speaker A

do anything look how consolidated it was for this day here here here and here then finally it just whips down below that low that could be very frustrating for someone that has been expecting this thing to go down

Speaker A

and for instance look at the folks that would have been trying to break out go short below that low here it does so here and it comes ripping right back up in the same day and that might have changed their opinion

Speaker A

about the market going lower but i teach that that liquidity below that low is where it's really going to go so these up close candles really are just opportunities to go short and then drive it lower okay so

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i'll talk a little bit more about the live streams when we get to the e-mini s p part all right so admittedly this video is a lot more talking than i normally do is because i'm conscious that there are two communities here

Speaker A

so i'm having conversations with both of you now to me it's normal i can do these kind of things i can go back and forth and start a conversation leave it and do some other things and come back and fill

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in the gaps i wanted to talk about but i know this is the type of video that's going to drive most of you that are really really critical it's going to drive you nuts but i promise you if you listen to me

Speaker A

there's some really good stuff in this video so just take what you you find useful in which you don't find useful just filter out so here's the hourly chart on euro market traded down aggressively here on this day

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swept below that low here's that daily low let me go back that way because i've done a lot of talking probably didn't make note of it that daily low is one point zero eight zero six in one pipette

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that's that line right here okay so an hourly chart it breaks down slams below it and look at all this price action in here see all that this is during passover week last week when i wasn't trading and

Speaker A

we hit that same low here we rally create a fair value gap there run right back up to the old highs in here and optimal trade entry from the high to the low we went right up into a

Speaker A

short-term premium so as a short-term trader going counter-trend remember i was referring to on the dollar index where i have students that are contrarian if i'm long-term bullish on dollar they know where to go in and pick their shots

Speaker A

where it looks like retail will see it as a reversal and that's how they made their model so i'm bullish on dollar they'll wait for retail to think that that bullish dollar has topped and then they'll go in and find their setups so

Speaker A

hopefully that made it more clear about what i was saying earlier well what would that look like with euro well it would look like this we would have a run back down in to old support which is on daily low

Speaker A

rallies creates a fair value gap buy it in here right back above the bodies of these candles into the 62 retracement level because 62 and 79 tracement levels are what i teach is optimal trade entry range but it's not optimal trading entry

Speaker A

for the setup okay so in other words we could be a buyer down here and trade back up the 62 percentage level or the bodies okay around around above the bodies of these candles here just pick the 62 tracing level and just

Speaker A

make it really easy for yourself but that would be a nice little run in here it's not a lot of pips i mean what is it 20 60 50 it's 10 20. 30 ish 30 40 pips thereabouts not bad bread butter type setup but that

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would be the version of a contrarian trade against the bias that i'm suggesting to my private group which has also been shown to you in the youtube community being bearish on euro until we got below that low here

Speaker A

now for the youtube community you're all scratching like okay get to the point where it's going to go where is it going to go next okay this is what i mentioned on monday to my private group now i'm telling you now

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just because we're doing this style of teaching tonight because i don't have the time to do multiple copies of the same video in my private group then make a youtube video so what i'm choosing to do is make a

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very very long irritating video that has a lot of information in it for youtube so i don't have a bias at the very moment for europe i don't have a clean level it's going to go to and then reverse

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okay i've been specific recently and you both communities have known that but right now we're back in that sideways consolidation congestion area and we have to wait for displacement and what does that mean wait for something like this okay if we get it on the

Speaker A

upside okay great that's fine it'll give us something to work with in terms of a range if it breaks lower it's fine you will give us something we can work with in terms of a range as well what do i

Speaker A

mean by that well from this high that low we went below these lows in here and then we created a short term break in market structure here so this low broken came back down in fill the favor you got spent some time in here a lot of

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time okay this is typical with a holiday and then starting into a new week it's slow volume and then we get this little bit of movement and we pop right back up into this range high and low fifty percent of it's like right here

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above 50 we're going to be looking for a premium so 62 the 79 tracement level that would be your objective so if we get a displacement lower i'm going to look for this type of move here just repeated later on

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vice versa if it goes higher i don't care at this point because it hit my objective my objective was i wanted to see euro go below that low okay this level here on the daily chart since it's done that and i am

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neutral near-term on dollar i'm still long-term bullish but right now i don't see a setup to go in and say okay now there's something to do now for new traders or new students here that doesn't sound feasible you just said you've been doing

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this for 30 years you can't find a trade right now not on a daily chart not on the four hour chart and not on the hourly at the very moment at the time of this recording the way the charts are laid

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out in front of me i have nothing to go on at this very moment that's also another reason why i'd like to do this because i can't really tick off the private community because i'm not really giving this

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youtube channel the prognostication i usually give them but i'm teaching and lecturing and i'm giving it kind of like a a complaining contrast of what they're getting versus what you all get and neither one of you should be

Speaker A

fighting with one another or jealous of another okay because you all had opportunity to join and no one's allowed to do it anymore so let's go on to your dollar 15 minute time frame and you can see here again

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really nice fair value this is what i was referring to on the hourly chart it's just really clean here on the 15 minute now when i say clean what do i mean by that we have a nice run up here

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it returns back to that old daily low and then we have what displacement that real energetic run higher that is algorithmic when it creates this gap here we don't care that it's still stretching up here now as a new trader

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or someone that is impatient that doesn't have an understanding what they're looking for it will feel like an impossibility for them to say i'll wait till it gets back down here and then buy because what will happen is once it does

Speaker A

when it trades down like this they're not going to look at that and say oh yeah i feel good about that they're going to think man this thing what happens if it's going down below these equal lows because that's what everybody

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on youtube is now teaching because i mentioned it no what's the narrative we're short term right now oversold on the daily why because we took out that old daily low we went below it so now it's taken what out of the

Speaker A

marketplace sell stops or sell liquidity so what's the market going to look for now buy side liquidity that means it's got to go higher to get that so energetic move off that same daily low and it creates that displacement

Speaker A

when it trades back down into that i'm thinking okay well it's created this short term high it's going to want to run back up into that but even if it doesn't if i just get above the bodies of these candles in here

Speaker A

and reach up into that 62 retracement level on the hourly chart as i mentioned right before i transitioned to the 15 minute time frame we reached up into that 62 treatment level so that would be an opportunity to be a

Speaker A

buyer here and sell sure you know not sell short but sell your long there and be done and there's about 30 pips or so that is a bread and butter trade now that is not a style of trade that i

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would recommend you as a new developing student because it's going against the order flow these are types of moves that you want to go back and back test and then because you're doing that what will happen is over months

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and years oh here we go he's kicking the cane down the road justifying why his concepts don't work because i can't make him work that means i didn't spend enough time that's his excuse no it's the truth you are going to look for a setup that

Speaker A

you watch in a video one time and you're going to expect it to work every single day between 8 30 in the morning and 11 o'clock and because you see what looks like a fair value gap your bias is going to be

Speaker A

wrong or your expectation on the daily candle itself the individual daily candle which i'll talk about teach later on this video yes it's an impactful video tonight it may be boring but i got a lot of stuff in this one

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you're going to do something incorrectly because you're in a rush because you want to feel like you have to know right away it works for you and there is no right of way in trading except for blowing your account because

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if you don't know what you're doing right away you're going to blow your game okay it's what's going to happen so i talk and i teach like this so that way you know you have been fortified with all these

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things in advance what to look out for what not to fall victim to how to think about it a mental perspective on what you're doing as a trader and what the market should be doing they have to be in agreement

Speaker A

and it takes time for that to happen it doesn't happen by watching a video it doesn't happen in 40 days okay it doesn't happen in 120 days it doesn't happen in the first year it takes a little bit of time so

Speaker A

there's a lot of fumbling that you're gonna have to do to figure out what you are looking for because right now if you're just starting i'm promising you right now you have no idea what you want to do and you're

Speaker A

probably not realizing that what you're going to evolve into the end results of a speculator what you're doing as a trading model and how you're trading the markets you don't even know what that is yet that's a gradual thing that becomes

Speaker A

well obvious to someone that has taken this on as a business not i'm going to school i'm treating this like a college degree well that's good when you first start but you need to treat this like a business

Speaker A

are you going to open up a business and just not worry about it every day you're going to be worrying about it every day and you can put all your time and effort into it that's how you should treat this

Speaker A

every day whether the transactions that you make are profitable or not they're all learning experiences so that's why back testing is important keeping a trade journal is important annotating your charts and referring back to how it worked off of that daily

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chart which is what i'll talk about tonight also all right finally made the british pound i'm going to go through this one pretty quick because i've already spent a lot of time jaw boning all right so we had a little bit of a

Speaker A

fair bay got here rallied up in that mention we were going to go below that low we did and as i mentioned on monday we would have a consolidation type sloppy type price action environment where we're not yet out of the holiday doldrum last

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week a lot of money was on the sidelines so we're waiting for the smart money to put things in motion and then it'll give us another bias as to what we're looking for i'm maintaining a bearish stance on

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british pound versus us dollar because i have a long-term bullish stance on dollar so everything i think eventually will bend the knee and go lower like euro pound aussie you know all those currencies should go lower if i'm wrong it'll trade above the fair

Speaker A

value gap if it does i'm wrong as long as we're below the fair value gap here i'm bearish on cable and for new people cable is pound versus dollars is the nickname for it all right so here is the hourly chart

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i'm just going to make it very simple sweet to the point there's nothing here absolutely zero nothing in this chart nothing to trade on not one thing i can't look at this and say oh i gotta set up here or i could do that there's

Speaker A

nothing okay nothing here at all take a deep breath and hear that again there's nothing on this chart that's noteworthy now think about that does it feel comfortable for somebody it doesn't feel comfortable it's like what there's got to be no there's nothing

Speaker A

here that's the difference between what i mentioned when i was looking at the 15-minute time frame on euro i said how nice and clean it was there's nothing clean in this price action it's all back and forth back and

Speaker A

forth it's sloppy price action okay when i say things are sloppy this is it there's nothing that you can very easily pick out as okay it's bullish it's gonna pull down to a specific level and i expect it to rally from there i don't

Speaker A

have any of that here nothing's in this chart that's noteworthy or what i would ever put money behind so when it looks like this we roll along here is the 15-minute timeframe sloppy nothing here so when you go through your charts

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if the marketplace that you're looking at creates these scenarios where it's just really messy what's the first thing you should consider closing the charts turning your computer off and go do something you love to do spend time with your family good friends

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and hobby chasing whatever it is you're doing otherwise outside of the markets which is what all of you should have a hobby outside of this not just watch my videos or someone else's stuff have something you do outside of trading

Speaker A

because you have to have an outlet and otherwise you're going to burn out but when the markets look like this you don't touch them i'm not talking about my community knows that i have not been really and it breaks my heart because this has

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always been my favorite pair but i have not been touching british pound for a long time months months have gone by i've not done one trade in this currency pair because this is simply not delivering what i'm looking

Speaker A

for now some of you are thinking there's proof right there they're changing the algorithm no it's just a mess right now the whole world's all messed up and trade has been affected by that so it's going to show its hand

Speaker A

and manifest itself in the currencies and this is what you have trust me folks in the offing just over the horizon there's something about to happen and when that happens these markets are gonna get real real excited and they're gonna be moving

Speaker A

around a lot and everybody's gonna be like man i'm gonna go and trade forex trust me that day's coming what day is it exactly i don't know but i'm being patient until it manifests itself when it does you're going to know it

Speaker A

everybody's going to know it but when that creates that man it's going to be what i call salad days it just means easy trading so don't don't get bummed out by looking at this and thinking oh this is actually a good

Speaker A

thing because it teaches you when not to be doing anything when it feels alien it feels counterintuitive or counterproductive or the opposite of what you're in here learning about you're thinking i'm learning how to do this so i should be

Speaker A

able to open up a chart and go and find a setup yes that's reasonable for a neophyte but you want to learn how to do this profitably right i mean i would hope you would want that you want to do things consistently right

Speaker A

hopefully that's what you're trying to do i'm trying to promote that in you maybe that's not what you thought about when you first started but you want to be able to know why you're doing something and when not to do it

Speaker A

knowing when not to do something is crucial because it'll keep you from blowing your account it'll keep you from being undisciplined and it'll give you peace of mind it'll remove that fear of missing out i don't have any fear of missing any of

Speaker A

this price action here it's not gonna i'm not losing any sleep over it and you shouldn't either and when your market whatever that market is is performing like this just leave it alone take a break you don't need to trade today

Speaker A

you don't need to trade tomorrow if you feel that understand this and listen okay put the potato chips down put your drink down listen you do not need to trade every single day despite what you're thinking and feeling

Speaker A

you don't what you need to do is understand why today or tomorrow is a day that's highly probable that your bias will deliver to a target that you already know is likely to be treated too and i'll talk

Speaker A

about that later in the video but you have to have an expectation of where it's going to go where is it going next higher or lower if you can't reasonably outline that then you're gambling and if you're trying to trade every day

Speaker A

or you have this impulse that you have to be treating you have to be in there you have to be doing it that's a gambler's mentality i do not promote gamblers i do not promote gambling i do not

Speaker A

promote over leveraging i do not promote lucky over leverage trading i promote one contract work on trying to double your account how long does it take i don't know how long is it going to take you i don't

Speaker A

know but that should be your goal work with the lowest leverage and try to double your account if you don't have the patience to do that you're a gambler you're trying to rush to make big money and there's only one end result that

Speaker A

comes from that you blow your account i'm telling you folks if you don't believe me watch when you try to do it and you're going to be coming back and saying in the comment section you were right i wish i would have

Speaker A

listened and then the true test is will you repeat the same error thinking you're just weren't schooled enough yet okay you didn't have the skill set yet now you do because you watch two more videos and then you do it

Speaker A

again then you'll write in the comment section i just blew my account because i didn't do this and i didn't do that what's wrong with me i'm telling you what's wrong with you you're rushing and you're gambling and i don't teach that so you're doing

Speaker A

what everything i'm telling you not to do so are you really ready to be taught no once you break yourself and you have no more money in your account and you have no more money to put back in the account

Speaker A

and you are questioning whether or not trading is for you that that is the student that's ready because they have nothing to go in and gamble with and it's all up from there or they say trading is not for me and

Speaker A

guess what that's the right decision because you know yourself better than anyone else if you decide that you know what i've tried this i've tried that it isn't working trading is not for me well god bless you you've probably saved yourself a fortune

Speaker A

because there's a lot of people that this will never work for because they are not disciplined they're not responsible they're not going to they're not going to follow the rules and they're not going to do things as they

Speaker A

were taught and they'll find fault with everything but themselves and that is mental illness i experienced it i know it firsthand and it's painful it's embarrassing it is deflating it feels horrible but it's not permanent it's absolutely corrected by certain

Speaker A

things and skill sets replacing bad habits that's all but it takes responsible discipline and a routine and adhering to it and being accountable to someone who is that someone you trust say look this is how i'm going to be doing

Speaker A

my studies in my trading and i just want to show you what what i'm doing and it's better if you're in a community that is like-minded and that's what i try to foster i try to create that and

Speaker A

unfortunately what happens is people on the outside that usually take shots at me or you think this or that about what i do what i teach or my students they'll say it's a cult when all i'm trying to do is empower

Speaker A

that individual to be an independent thinker i don't want you to believe me or anything i'm saying i want you to go in look at these markets with the lens i'm providing you if i'm a fraud and these don't work

Speaker A

you're going to know right away if you're really putting the effort in you're going to know right away if these things are valid or not but for those that have done the work nobody's convincing them otherwise now that it absolutely is the truth

Speaker A

and it's consistent but when i say consistent that's not the same thing as it happens every single day in the same pair that you look at like for instance none of the things i'm teaching are existing in this pair right now

Speaker A

that's why my private group and none of you have seen anything with this pair from me for a long long time because it's not showing clear clean price action so since it's not doing it i take my hand

Speaker A

off of it and my attention goes elsewhere where has it been diverted to index futures index futures will have this type of price action soon does it mean that index futures trading is dead no does it mean the algorithm has stopped

Speaker A

working no it just means that it's being heavily manipulated so what does that mean for you internally don't touch it this is a rattlesnake if you see a rattlesnake on a trail and you're walking down there and you hear that

Speaker A

rattle i've never seen a rattlesnake live in front of me okay but i'm telling you what i'd recognize it if it started rallying and i'm gonna stand still and i'm gonna look around and find it and wherever it is i'm backing away from

Speaker A

it simple well i treat these times in the marketplace just like that because there were times where i looked at this and said i'm better than average bear i'll get in here and find the honey well there you go i got stung

Speaker A

that's why i'm talking to you like this folks you gave me your time you gave me your ear and you're giving me your trust i'm giving you the best advice anybody could ever give you don't discount it as just

Speaker A

talking droning on pontification no this is real insight folks it's three decades of it i lost a lot of money not doing what i'm teaching you to do like i'm teaching you the very things that i fell victim to and how to avoid

Speaker A

it wouldn't you want to do that i mean i i would literally give everything i had back in 1992 if i had someone like i'm trying to be for all of you i'm trying to be that person that has

Speaker A

real world experience that knows what's going on proves it and i'm trying to show you lower your expectations on yourself don't try to be an olympic trader okay you don't need to be olympic just be consistent if you find a bread

Speaker A

and butter set up once a week you can do a lot with that it just takes consistency and money management the money management does the heavy lifting the the hardest thing is finding something you're going to trust and stay

Speaker A

with and when it doesn't deliver or when you can't find it in your market it doesn't change it it just means you stand still that's it and it's hard it's real hard because what happens if you go two weeks without taking a trade

Speaker A

what's that going to do for your mindset for some of you it's going to try to be nuts others it's going to make you want to change the style of trading and they're both wrong 30 years taught me that

Speaker A

books didn't teach me that books talked about system hopping but you don't really know that lesson until you blow accounts do dozens of different trading styles and approaches that don't work they have no sound logic in the marketplace why it's doing this and

Speaker A

doing that diversions indicator this harmonic that all those things are something that promotes the idea of a religious view on the marketplace and not just time and price time and price is not a religion it's the truth that's what these markets

Speaker A

deliver on look at the chart what's what's at the bottom of the chart time what's on the vertical axis price why are you complicating it you're saying i'm complicating it why are you you're adding triangles and shapes and

Speaker A

all these things and moving averages and all this stuff on your chart instead of just looking at what these candlesticks are documenting where was it an hour ago where was it last friday was it likely go today where is it likely to go by the

Speaker A

end of the week if you ask those questions every single time you sit in front of the charts you'll have a pretty good idea of what it's likely to do what happened every single time no but by itself that right there was just

Speaker A

mentioned to you that was the first steps for me to stop looking at those books those books are going to tell you things that ninety percent of people that trade lose money on let's be let's be honest folks let's

Speaker A

just call it like it is okay all of those books all those teachers all these youtube channels everybody out there is talking about the same things that result in the 90 percent blowout of live traders so why are you holding on to that stuff

Speaker A

with a death grip no no no it's gonna work for me i did that same thing and i lost blue accounts over and over again crying tears weeping why can't i figure it out those things are in a 90 percent bracket of losing

Speaker A

money if you walk down road and you see these glasses of water free to drink you walk over here you pick it up you sniff it just doesn't feel right and you take a step back and watch other

Speaker A

people walk over and they assume they take a drink they start choking and drop dead right there how many people do you need to see pick up that glass take a drink and drop dead before you realize it's probably not a good idea

Speaker A

for you to have a swig but unfortunately marketing is what it is okay there's always some clever little way gimmicks is what they are of making it seem like there's this new twist on something old okay and bad logic no matter how much lipstick

Speaker A

you put on it is still bad logic and you can't change that so the idea is for you to find it in the price action the things you're looking for on the chart or in price action they must

Speaker A

appear clearly in price and if it's not clear if it's real muddy and just choppy like this it's indicating to you that this is not a market the smart money is going to sit down and say yes we're going to

Speaker A

operate today it's heavily manipulated it's not being allowed to trade freely it's held so if it's being held and manipulated do you want to be in there because if you are doing that you're gambling so don't do that

Speaker A

all right so we made it to the futures portion of this long-winded video about nonsense right all right so daily chart on the e-mini s p all right so we have the market trading down into a very very deep discount if you look at

Speaker A

the range low here why am i not picking this one here because this move started there okay that's what i'm looking at this move these are relatively equal lows so i'm just going to move over to the most recent swing low why is this

Speaker A

swing low it will candle to the left of it that has a higher load than this one and the candle to the right of it has a higher low than that one so that swing low that one here

Speaker A

to here that's my daily dealing range okay the market has recently retraced back down in about fifty percent equilibrium of that price move okay so that's what we're annotating here about halfway is what really essentially is being shown

Speaker A

and also because of that the market is likely to create a little bit of a retracement now on this video i did a teaching called purge and revert okay and i'm going to talk a little bit about that tonight and how it's a little

Speaker A

somewhat of a variation on that idea and premise but i want you to think about how the market created this low here and then the reaction and price delivery on this day here on the 19th and on monday night i was mentioning to

Speaker A

my private group and you all know i mentioned this i'm actually going to put a clip from monday's video in here so that way the folks that were not in that group they would have the and the insights that was mentioned there

Speaker A

that way you can see what i'm showing here is not pointing to something that after the fact i wanted you the both communities to appreciate what i'm teaching not to beat the chess not to show off not to say on smart okay but i want you

Speaker A

to understand what i'm showing you here is rooted on sound logic it's not chance it's not gambling so because this daily chart has retraced down into about half of the move from that low that high so we basically went

Speaker A

back to equilibrium or roughly a short term what discount so because of that there's a likelihood that the daily bias is going to be bullish on this day here and this here now we're going to look at this candle

Speaker A

because midpoint of this candle that right there is the mean threshold mean threshold is the half point okay or median of a order block that's what this line here is representing okay so when i drop down into the hourly

Speaker A

and lower time frame that right there is rooted on this up close candle why am i using that up close candle because from this high down into the 50 retracement of that low and high where the market goes back to

Speaker A

equilibrium or short-term discount that means the bias has a likelihood now folks listen you want to be taught about bias i'm teaching it listen it went down to equilibrium or short-term discount the next day we can expect it to go higher

Speaker A

so what do we do with that information if it's likely to go higher the next day or the day after that what happens if the next day is down or if it doesn't move okay you go into the

Speaker A

next day expecting it to go higher that's it that's all you're doing it's not hard right but you want perfect you want your recipe for those chocolate chip cookies to come out like grandma's and sometimes guess what it isn't going to be like that

Speaker A

you're going to have to take it the way it gives it to you and sometimes your cookies ain't going to rise this just so happens that what i outlined on monday panned out but that's what i'm referring to every single week

Speaker A

i'm outlining something that because of the logic that's that one good setup that you should be focusing on as my students what am i going to show you here in this this is your premium array that means it's going to draw up into that it could

Speaker A

be this candle is low because it's the order block they are shorter block why should i be concerned about this candle because in this move here right before this displacement on the downside this was the last up closed candle

Speaker A

so you have several targets here you have the candle low the open the mean threshold half the order block and you have the high the high is the less likely the easiest is one down here so on this candle here when we expect it

Speaker A

to go higher we can see it trade up into that candle's low we can see it trade up into that candle's body we can see it straight up into that candles mean threshold so it's not a matter of me picking levels

Speaker A

and saying look how smart i am look it hit that level but what about those other levels you didn't see for those people that think like that or if you ever hear that or see people talk like that here's what you respond to

Speaker A

internally don't even worry about them because they're not interested in learning all they're trying to do is be a distraction to you i promise you if you put the work in you will see the results you're looking for the lowest

Speaker A

hanging fruit which one's the easiest for you now if you look at that in respect to this candle here so if you're buying on this day if you're buying down here below the opening which i'm going to teach in detail

Speaker A

in this video if you're buying down below the opening not that i use this particular opening price but let's say you did say you bought this specific day below that opening price on that candle right there and you were

Speaker A

buying below you could find profitability reaching just up into that candle's low draw that out in time you can use the body draw that out in time here hits it well today not yesterday's trading because that was yesterday's stream and you have this

Speaker A

here being hit there and he had the mean threshold of the order block there so there's several targets now for you as a developing student you want to pick the easiest one which is this one here and be content if it hits that

Speaker A

now blending that with the idea of purge and revert now purge and revert you can do a youtube search on that it's in my youtube channel it's a teaching that i'm going to allow you to go back and look at yourself but

Speaker A

it's kind of built on that same premise here we went down we took out short term low sell side liquidity see that right below here so we purged cell stops and it's going to revert back to the high in the last three days

Speaker A

so day one two three that's this day here so this candle is high it can draw back into so we have the s this quarter block low but then we have this idea here where the move dropping down

Speaker A

that high is going to have what resting above it buy stops why would there be buy stops there because traders that are short they're going to trail their stop loss right there it's going to be more easily understood

Speaker A

when we're dropping the lower time frames but just know that that's the framework i'm showing here you are going to have to listen to this part of the video a few times don't be against that okay don't don't feel like

Speaker A

i don't want to do that trust me put the time in to listen to this portion of the video because this is exactly what nobody is teaching you because they don't know it but this is what goes on

Speaker A

and it's also the reason why i told my private group on monday night what took place yesterday all right so we're dropping down to the hourly chart and here is the e-mini s p june contract market traded down into that

Speaker A

short term low ran out sell stops here or sell side liquidity so it purged that liquidity then we had all this sloppiness starting the week and then we dropped down and rallied up doesn't look too clean and clear in here and does it it's okay

Speaker A

it's about to change we're going to drop down the lower time frame because we have a bias i mentioned on monday that i felt that this was going to go higher and clear up all this here and that was the draw on liquidity

Speaker A

now here's that part of the video i said when we get into the discussion about live sessions what am i going to be doing basically what i'm going to show you a clip of when i get to the 15 minute time

Speaker A

frame i'm going to show you the clip from monday night's private mentorship video where i discuss before it happened where the e-mini s p was likely to go why i felt it was likely to happen and i'm going to amplify that here so that

Speaker A

way both communities can appreciate what it is that i'm going to be doing with intraday price action the guys over in goldman sachs and you've been with me for a while you know who i'm talking about uh they like

Speaker A

to say that intraday is just noise and one of those guys actually said he tried very hard to make it work and if anybody tells you the injury trading is profitable and you can do it consistently run away from them because

Speaker A

they're a con artist okay it's kind of funny that you know i'm proving technical science okay because it exists it repeats but you have to know what you're looking for okay and i'm going to show you that here

Speaker A

i mentioned the opening price on the midnight candle and i mentioned the opening price at 8 30 and there's a lot of confusion as to what that means and what am i supposed to be doing with that information i'm going to cover that

Speaker A

in this video too but i want you to look at this hourly chart and just see this movement here to here see that you don't have any reference points inside the hourly chart here that's okay i'm going to show it to you

Speaker A

in amplification to what i was showing my group on monday night before it happened do you see how level these two highs are here see that this is what i dub relative equal highs that right there engineers buy stops

Speaker A

for anyone that chases this going they're lower to think that this is the area where resistance is so their stop will be placed above that does it take rocket science to understand that no every book tells every trader that reads

Speaker A

the book that stops get above the old high and this is resistance because it went here stopped went lower it tried one more time here and then went lower so this is strong resistance now granted i'm not trying to make a case the hourly

Speaker A

timeframe is strong okay but there's a lot of people that trade these lower time frames and they'll see that as what formidable resistance so they'll feel that this is safe the market should keep going lower they broke this low so that means it's going

Speaker A

to keep going lower and when price starts going sideways like this slightly up it's going to look like what to them it's a bear flag so they're going to look at this high down to that level and project that same

Speaker A

movement lower as a measured move and this type of thing happens because they didn't use the contacts that i'm providing you both communities understanding how the markets move from discount to premium premium to discount that's it and then what pd arrays within the

Speaker A

current market structure and what narrative so what is narrative what is that well we have the market trading down into that short term low below old lows about 50 of its daily range that i mentioned on the daily timeframe

Speaker A

so we purged the sale stops where is it going to go higher why it needs to go to buy side because it's now collected sell stops so smart money is going to do what offset those buy orders that they used

Speaker A

to pair up with the sell stops below these lows they bought those sales valves so now they're net long how do they get out they have to sell them to willing buyers but at this point down here and over

Speaker A

here who's going to be buying from them at a higher price the value stops that are resting about here so you have to think algorithmically how do you pair your orders if you don't have this mindset going in

Speaker A

before you click the enter button of your trade you are gambling you have no idea what you're doing you're trying to guess you're in there seeing what would happen if i did this and then when it works you're telling

Speaker A

yourself wow if i did that with real money i could quit my job in three months wrong and when it's bad you're thinking oh well i wouldn't have took that trade anyway i'm really cool and astute i'm an apt pupil of price action

Speaker A

no you're a gambler you're dabbling with a demo account and you're not learning anything you're conditioning yourself to believe that these sensations that you feel when it's right it's skill and when it's not well that was just you just playing

Speaker A

around you weren't really doing anything serious about it and that creates toxic thinking and it builds a false sense of security and in certain instances some individuals literally go out and say well i'm going to put live money in

Speaker A

there because you know i got lucky a couple times and i could afford uh you know a couple thousand dollars and i could do this and i could do that if i made that and that's what that's what everybody

Speaker A

does they fall victim to that i don't want you doing that you have to have a real reason why you're doing something even in demo otherwise you're teaching yourself to think well and properly about what it is that

Speaker A

you're trying to do in these marketplaces so the logic is we're looking for to run about here and now think about that in this area here here's the 19th on tuesday i told the group that it was likely to

Speaker A

go to here and i'll show you that clip when we drop into 15 minute timeframe but they'll think about what does your daily candle look like if it's going to likely go up to here and we're down here

Speaker A

it's going to create what a little bit of a movement down make the low of the day then rally up to clean that little well and we're not trying to predict the closing price on the daily candle we're

Speaker A

not trying to do that we're trying to participate in a move in the morning session that gets us long that allows us to run up into this area here and that would be your target you're not trying to get the move that goes all the

Speaker A

way up to 45 90 if it was to do something like that i'm not suggesting it is but i'm saying that you have to pick these periods in the marketplace where it makes sense for you to anticipate and expect a certain move

Speaker A

to begin and originate in and where it ends or where it finds its terminus so point of origin terminus buy orders on smart money sell orders on smart money retail buy orders retail sell orders that's the continuum that goes between smart money and retail

Speaker A

you have to change your thought process about what you're looking at in the charts and that is narrative looking for the daily delivery on that candle judas swing buy below the opening price expect displacement to the upside run

Speaker A

into liquidity offset sell to buyers move to the sidelines you're done now what does that look like on a lower time frame here's the 15 minute time frame here is the relative equal highs buy side liquidity wrestling there

Speaker A

look at this price action in here what do you see pause the video this is that moment where you want to study and look at it okay i'm going to continue now all right so here we have this low why am i picking that low why

Speaker A

not that low michael why didn't you pick this low michael this here is a range that we worked in and i mentioned this is brutal when i was discussing it with my students on monday and it's commentary but this movement here this is the most

Speaker A

recent swing low it rallied up and it created a higher height right above these relative equal highs so there that 0.1 to 0.2 that's your dealing range okay i'm using that because it's the most energetic most recent low and high

Speaker A

this is where i think the market's going to go up to because i think all of this movement down here basically has accumulated all the cell stops so now smart money's heavily net long and they are sitting on all these

Speaker A

you know counterparty traders that either were knocked down the marketplace and they absorbed all of their cell stops or they're caught offside and retail is trying to go lower it doesn't make a difference i'm not suggesting that you should even waste

Speaker A

any time trying to figure out what that is i'm just saying that below old lows sell stocks below old highs is buy stocks just have it in mind it's just that simple now knowing that by itself is not enough you

Speaker A

need to know what is likely to occur here is the midnight candle in new york okay how do you know that over here on trading view click this little area down here it'll pop up a list of time zones

Speaker A

and such scroll to new york always put your trading view chart on new york i don't care where you live you do that everything i'm teaching you will line up midnight opening price the opening price is here draw that out in time

Speaker A

and that's your new york midnight opening price this is the price i want to preferably be buying below now there are instances where the opening price will be lower and then the market is trading higher but doesn't go back below the midnight

Speaker A

opening price this is why i said 8 30 opening price 8 30 is when a news embargo lifts and a lot of news comes in around 8 30 typically and i use that opening price there now in this instance this is why i'm

Speaker A

teaching it to both groups today because this is kind of like a just a dandy of a setup means it's really good i like these types of setups i'm going to show you here when it delivers something like this it's almost like

Speaker A

it's presenting it to you on a silver platter like if you really really want a good little setup that's going to just just be a real nice cracker jacket just delivers nicely it's this one here okay if we're bullish

Speaker A

okay and i'm assuming that you'll trust me when i show you the video clip from my private mentorship group folks that are in my private mentorship group if i'm sharing something that was edited if i've changed that video in any way to

Speaker A

make it seem or sound like something that really didn't take place on monday at the 13 minute mark of that video please say so in the comment section okay you're welcome to roast me okay i'm only telling you that because the

Speaker A

comment section is open on my videos you guys can say whatever you want to say i don't care bottom line is i'm proven it okay i'm proving it that way you can feel comfortable learning from me there's no sales pitch here anymore

Speaker A

just put down all your reservations and just grab a pen and pad and listen and i promise you what you're looking for it'll come the confusion you're getting about the opening prices at midnight and the opening prices at new

Speaker A

york 8 30 a.m last ditch for power 3 is 8 30. what does that mean if the opening price at midnight if you're bullish is lower than price is trading at around 8 30 or after 8 30 then it's likely it's not going to be a

Speaker A

factor then you use 8 30. if there is a day like this one here where we have the opening price at midnight here we're already below it and then at after 8 30 we're below it again still below the midnight candles opening price

Speaker A

we're really in a discount like we're really really cheap on the day when we're bullish now think about what i've outlined so far it seems like a long way here but everything i've discussed is paramount and crucial for you to

Speaker A

understand why this is occurring because these are the things that are going to repeat don't take my word for it start back testing and logging your charts like this and you will see these events repeating because it's algorithmic

Speaker A

it will not do it every single day but every day it will be present in something that's why i say with my motto it's every week every day and it won't stop it does not mean every week every day

Speaker A

and it won't stop every single individual market because you have to be able to navigate some days it may not happen in the futures it might be in forex or it might be in bonds so you have to be

Speaker A

flexible in that regard okay but every single week there's this type of setup every single week there's a setup like this inside this range it moved from here to here and then started retracing down after midnight notice that so all of

Speaker A

this here is a judah swing judo swing is the move that's opposite to what you expect the daily range to be so if we're bullish and we think it's going up here we like this movement going down we love

Speaker A

it now you may not feel comfortable buying the london or overnight lows that's fine you don't need to wait for 8 30.

Speaker A

if we drop below 8 30 opening price and here's the here's the kicker we're below the opening price at midnight two we are really really oversold does it take indicators to see that no did you require some kind of divergence nope how

Speaker A

about a fibonacci nope easy isn't it visually see what's being shown here below the opening price you want to be a buyer at midnight by itself that's always the the basis of what i'm trying to do each day

Speaker A

then if we get a 8 30 candle that opens below the midnight candle and then we have a movement below that that move here also is like a micro judas swing for the session of new york this is the judas swing on the daily

Speaker A

range or the daily candle so this is basically building the low the daily candle this is building below the new york session both are using the power 3 concept which is accumulation manipulation distribution so what we're saying is this movement

Speaker A

below the opening price at 8 30 and below the opening price at midnight each move lower is the trap it's the snare that catches traders thinking it's going down we are looking for that move we're looking for that drop down

Speaker A

not just any indiscriminate drop in price we're looking for a very specific thing now i'm down into a five minute chart same things i had on the 15 minute time frame i now have just showing and representing it on a

Speaker A

five-minute chart i want to take a look at price study think about what you see in price action here pause the video if you're not ready i'm about to begin right there see that fair value got right there

Speaker A

see these two down close candles that that's your order block that's bullish your favorite value got and 8 30 we have a drop down at 8 30 we're looking to the left and see where are our short term swing lows because we

Speaker A

want to absorb sell stops because smart money will pair that with their buys and we're looking for an imbalance preferably and we just happen to have it also with an order block so a lot of things happening here it comes down hits it

Speaker A

and then rallies 8 30 opening price we find it come back down into it find some support and it springs aggressively above the short-term highs by itself that right there's enough that's a that's a beautiful run on s p and that would be enough

Speaker A

you don't need to have the objective up here but if you're holding it for the daily range you're going to wait for it to reach up in here and it does so here now in this area here knows what happens it

Speaker A

rallies up and consolidates during lunch and around the two o'clock hour going to three o'clock we run back down into cell stops traders that have trailed their stop-loss up because they don't want to lose any of their profits

Speaker A

and then they pump it one more time up into the pm session or afternoon move into the liquidity that was outlined relative equal highs on the 15-minute time frame here is the one-minute chart how can you apply what i've been

Speaker A

teaching you on the youtube model well here it is here is the low forming and now find the setup that would occur with the youtube model so we're seeing a movement here the bias is bullish we're looking for

Speaker A

continuation on the upside we have a target based on that 15 minute time frame relative equal highs what does the model i'm teaching on youtube where does that exist here again pause the video use this moment to really look for it

Speaker A

yourself if you just wait for me to show it to you you waste the opportunity on learning all right don't be upset if you don't get it it's okay but i'm going to show you now what you should be seeing

Speaker A

okay the market has a run above is short-term high so we have a shift in market structure that's bullish what's this a fair value gap i trade down into it hammers it three consecutive down close candles that's what your order block

Speaker A

all consecutive because we're looking at one minute candles that is the order block with a fair value got buy it there and then comes back down retests sends it higher and then one more time new york midnight candle opening price

Speaker A

opportunity again it trades up into the new york midnight opening candle trades back into another gap trades into the midpoint of that rallies up consolidates and then expands up into our objective that was outlined in that 15 minute time frame the relative equal

Speaker A

highs let's dig a little bit deeper notice the price low here it's around uh what is that 43 70 something 476 or something like that just for the sake of clarity we'll just say 43.77 okay 43.77 is around here

Speaker A

on this day now what i've shown is the daily chart but on an open high low close bar not a candlestick because i want you to graphically see what's occurring here now this opening price is not the midnight candle opening

Speaker A

price because you can see it's about what is it 4404 and a half or something like that that would be just above where this opening price is so my opening price is just a little bit above this opening price

Speaker A

so i'm not using the opening price on the daily chart on trading view you can there's nothing really inherently wrong about that but i don't personally do that so that way for clarity and continuity i don't use the

Speaker A

opening price on the daily candle i physically go into my chart and use the opening price at midnight once that candle begins trading at midnight that's your opening candle price for midnight and same thing for 8 30. as soon as 8 30

Speaker A

starts that opening price on the candle that's my opening press 8 30. so i have to wait till 8 30 scandal or 8 30 exactly the time right when that happens that's my opening price i'm not referring to any opening or

Speaker A

closing price on the candle okay what i'm forecasting with my analysis concepts and teaching my students is i'm teaching them to anticipate these types of moves so the relative equal highs on that 50 minute time frame is basically this

Speaker A

candle's high go back and look at your charts and you'll see that's exactly what that is so this short term run below this short term low is taking all the sale stops on that day on the 18th the 18th

Speaker A

that evening i was telling my students that that is when i anticipate that the s p should go higher and run for those relatively equal highs on the 15-minute time frame because we've already went down into a deep discount daily chart

Speaker A

and it's likely to come back up and grab that liquidity even if it's just going to keep going lower that's still okay it doesn't change anything even if it goes higher from here and i'm wrong it's reversed and makes a longer term rally

Speaker A

higher i don't care we're looking for surgical strikes intraday for these markets these index futures but there has to be some kind of logic so if we look at what we've done over here and how this fits the daily candle

Speaker A

what i'm suggesting is my opening price because at midnight we're a little bit higher and i don't need to catch that very very short-term low that's lower than this one okay because that low is right here and we're actually a little

Speaker A

bit lower than that to the left i don't need that this is the reference point at which my methods would see as an entry point so that's real close that's like right in here that's real close to the low of the day

Speaker A

i don't need to have the load of day you don't need to have the low of the day but when you get to the new york session opening at equities 9 30 in the morning new york time this run in here

Speaker A

that sets it up another opportunity here so we have optimal trade entry here if you want to trade the ote pattern teach on the youtube channel then it rallies up and then you're running all the way up the daily range

Speaker A

until we get to this candle's high here which is the relative equal highs on the 15-minute time frame go back into your charts and you'll see that okay this is what back testing does it gives you the logic so what's occurring here is what

Speaker A

it's purging cell stops and reverting back to the high in the last three days boom now for some of you that need to hear me and what i said in the video clip in my private group i'll play that for you now

Speaker A

50 minute time frame ump futures june contract 2022 again just brutal back and forth just consolidations and there isn't really a whole lot in here that i like that it may want to reach for except for just the old relative

Speaker A

equal highs to me it looks too perfect it looks too pristine too classic support resistance idea okay so you know a lot of people want to sell short they want to get short they want to be bearish on this thing and notice

Speaker A

what's happening with all that you know we're going to run higher it brought it breaks lower then they send it one more time higher clean up that drop it once more lower and now to me it looks like they're just gonna

Speaker A

send this thing vertical to clean that up if it doesn't do that and it starts to trade lower i'm not chasing it i'm not trying to follow suit with that i just want to give it more time to find out what it

Speaker A

wants to do because to me right now we're so deep in discount on the daily chart it can come up to this level here and really not upset anything if it's going to continue going lower that's my point in saying that

Speaker A

all right so hopefully i've covered a lot of stuff tonight i talked about a lot of things that students have asked me to touch on in my private group and i've obviously seen some of the comments referring to the opening price what is

Speaker A

the opening price what is it why should i use it and how do i differentiate the importance between the opening at midnight new york and that of the 8 30 candle in new york session so hopefully it's been a little bit more

Speaker A

clear for you but the main thing is you're looking for an opportunity to anticipate the expansion of that daily candle in one direction or the other either higher or lower and in that direction higher or lower where is it likely to go and the easiest

Speaker A

thing i teach is old highs and all lows and relative equal highs and relative equal lows those two ways of looking for pools of liquidity are the easiest most visual representations of targeting there is it's simple because it's based on

Speaker A

sound logic that the algorithm will never be changed because of because old highs right above that's always going to be by side liquidity buy stops are going to rest above that and below old lows there are cell stops

Speaker A

resting below that it's always going to be that way folks it always will be that way don't send me comments in the videos please don't send me emails asking me that question do i think by me teaching is it going to break it are they going

Speaker A

to change their route they're not changing anything they can't change it because that's the way these markets book that's the way it is folks it's the way it is the sky is blue not all the time but the sky is blue

Speaker A

the grass is green not all the time but the grass is green you follow what i'm saying so these are rules we live by sometimes there's going to be these outliers these things that creep in that cause your interpretation of price to be

Speaker A

incorrect and guess what that means you did something wrong does that mean that you're a failed trader no it just means you made a mistake that you're human i'm human i'm gonna make mistakes i'm gonna read it wrong i'm gonna interpret it wrong i'm

Speaker A

going to react too late i'm going to react too soon i'm going to anticipate things that are not likely to occur and then either i have to take the loss or i reverse these are all things that you're going

Speaker A

to have to be met with in time and you're going to have to see whether or not this is for you and some of you in all honesty this isn't going to be for you not my stuff alone but trading in general

Speaker A

because it's risky and don't ever think that something magical is going to happen if you're not consistently profitable in a demo account and you're not consistently finding setups executing them getting in and getting out with confidence on the lowest

Speaker A

of leverage see that's what i don't like about i know some of you are you i'm i don't know how you guys link like when you i don't know how you guys link in the comments people link me

Speaker A

but every time i try to link someone either i'm putting their name in wrong it never links it so i never do that but they'll make videos and i see it as a mention in youtube sometimes it's a day or two late so it's

Speaker A

not like i'm ignoring you but for whatever reason i get these notifications that are days late and i see folks that are doing videos and are recording themselves actually entering in the trades on the paper trading application trading view which

Speaker A

is great but they're using leverage that everybody knows that they are not really in a position to afford so i know it feels cool it feels flashy and you know it might feel like you're playing a video game

Speaker A

i don't want you to have that mindset i want you to think about how you can make this as boring as possible because if you make it boring you won't be a victim of your emotions it'll be just like you go to work i'm

Speaker A

not saying you love going to your job but you know doing those things that you go to work to do yields you what that paycheck at the end of the week that's your minimum expectation get to work and do what's expected of you

Speaker A

anything above that then obviously it's up to your manager to decide whether or not it's warranted to receive anything more than your standard pay but you need to treat this just like that it's a business so when you're doing your executions don't

Speaker A

be influenced by trolls or hecklers in the comments section saying oh well you know you you're doing micro lots one micro lot it's not about that size of leverage it's about you finding the consistency of getting in knowing what you're looking for in terms

Speaker A

of managing the risk in terms of the points or pips not the money not the money the money is a derivative of doing the right things in the beginning you need to focus on doing the right things the logic needs

Speaker A

to be there not the reaction emotionally and psychologically to fake demo money don't do that you're actually causing yourself barriers it really is creating a barrier for you to find success if you do those things it feels cool it feels fun like yeah if

Speaker A

i would have been a real trade i could have made this much money but you didn't so let that be the reality you didn't so you're really tricking and conditioning yourself improperly which is the opposite of what i teach my

Speaker A

students with back testing whereas i teach my students when they do their back testing in their annotations they write in there as if they saw the trade happening beforehand and by doing that it's like self-talk you're speaking to your subconscious and

Speaker A

your subconscious is going to refer back to that as a false memory because it's a positive reinforcement it teaches you because of pattern recognition and over and over again being exposed to the same elements and you're reinforcing yourself with your own

Speaker A

comments and your own cheerleading you're fortifying your expectations going forward on this pattern yielding something in the past not that it's going to absolutely work in the future all the time but we as price action traders we look for

Speaker A

signatures that repeat nothing is guaranteed that's going to repeat that's why we have to have stop loss that way we know that there's risk in this market every market in trading has risk but if you're going to hone an edge or a

Speaker A

model you need to have a framework and you start by back testing and at back testing in your annotations you talk about how it feels good to see this move deliver as i was expecting from this fair value gap up to this bicep

Speaker A

liquidity pool during the hours of this and this and this is what my model suggests i should be looking for each day notice i didn't say i was stupid i was playing video games and i was watching some youtuber talking

Speaker A

about some nonsense and i missed the trade setup i should have known better never do that kind of stuff not in your back testing not in anything that you're recording in your journal everything has to be positive you're

Speaker A

sugar coating everything in your back testing you're tricking your brain to see that as experience so that way when you see it forming live you're not going to be in fear and trepidation of oh it's going to be a painful experience and again

Speaker A

when right now you don't have the experience yet but because you keep logging it with back testing you're filling your brain up with a lot of pseudo memories so you're doing the the ideal utilization of a lie this is called what it is you're lying

Speaker A

to yourself and children love this you're lying to yourself with positive reinforcement okay so that way when you look at something forming in real time it will be remembered and you won't have any negative triggering because of toxic annotations or toxic thinking

Speaker A

you'll have memories of oh yeah i remember seeing that in your subconscious you may not see it or understand it or feel it when you're doing it but your subconscious reverts back to those experiences that you've logged with positive reinforcement

Speaker A

don't take a demo account and do that same thing with i'm going to over leverage my demo account or paper trading account and do a size of leveraging that there's no way i would be able to number one put the

Speaker A

trade on because i would be too scared because i'm a new trader and i'm going to be afraid of any fluctuation if i put on a million dollars worth of leverage i can't really sit through the spread opening up on me when i put the

Speaker A

trade on initially let alone weather the ups and downs and initially you know as the trade pans out you're teaching yourself to anticipate a hopeful outcome with ridiculous leverage and you're teaching yourself that that negative drawdown that you're

Speaker A

experiencing is not something to be worried about because you're only looking for the dopamine hit if you did it right and that video game high score means absolutely nothing in your growth you've created a speed bump and sometimes a barrier to being

Speaker A

consistently profitable think when you do those things what you're saying is i'm putting blinders on i don't really see the real risk here because it's paper money and i want to show on my video a really high profitability

Speaker A

in the end result because you want clout every single time every single time i see one of my students whether from the youtube community or some of my mentorship students that are in private group that have youtube channels

Speaker A

they'll make a video and they'll use really high leverage but they may have executed extremely well manage the whole thing from beginning to end my comment consistently is next time even though i've commented and said you're well done on the other stuff i

Speaker A

will always tell them next time use realistic leverage that's my only criticism not because of me trying to kick the legs out from underneath them i'm not trying to steal their steam or their drive or motivation i'm being

Speaker A

the best influence i can because i don't want them filling their head up with things that are toxic because that's that's what that is it's all about clout and you don't want clout you want consistently profitable trust me being consistently profitable

Speaker A

feels a whole lot better than clout on the internet i don't need everybody to love me and look at me i've been here for a long time and there's a lot of people that hate me for no justified reason but the

Speaker A

point is none of that stuff causes me to lose any sleep so don't invite those environments where other people can influence your performance your expectations on yourself your model your trading none of these jokers on the internet should have any influence on you none

Speaker A

they don't have it on me why because i have rooted deep rooted sound logic in the things that i'm looking for you all are experiencing that you're seeing it firsthand you're seeing it and it's encouraging so don't make the

Speaker A

mistakes of adding these little things these flavor enhancers to your experience okay and calling them something that they're not because they're not going to make you better they're going to actually hurt you by over leveraging just because you want

Speaker A

to see big numbers show up on your when your trade everybody watching knows that you put a demo trade on everybody knows you put paper trade on they know so don't you know parade around with it like it's a big

Speaker A

deal it's not so the way you make it more respectful to your viewers and also remove the element of clout chasing use the smallest leverage let people that want to heckle let them heckle you worry about being consistent if you

Speaker A

want to showcase your skill set do the executions and use the lowest leverage possible and let that be the example that you're showcasing so i think i've gone through the whole laundry list of things that i'm supposed to cover tonight in this and i know it's

Speaker A

a very very long video i know it's probably long-winded for some of you to like to see me get right to the point but this whole thing was the point and it really is a clinic on how to operate and engage

Speaker A

the marketplace using what i'm teaching even with what i'm teaching in the youtube model and i'm just so thankful that the community has really received it well um the comment section is just the love fest and i absolutely love it

Speaker A

please don't call me the goat i won't ever heart your comment if you do that it's not i'm ignoring you i just never do that um don't call me a king i don't i don't like those things either

Speaker A

appreciation or you know the things that you've observed in your own development i love reading those um i just thank you for all of your uh your support of the channel i think it's wonderful i think the community is

Speaker A

growing and i think it's just a healthy experience for all of us and i'm finding a great deal of pleasure doing it which is what i was hoping i'd get from it so 228 000 followers that's uh it's pretty crazy

Speaker A

like it's really growing fast at this pace i'll probably have a quarter million by the end of the year which is really nuts but thank you very much for your time hopefully you've got something from this one and until i talk to you on hopefully

Speaker A

tomorrow i guess it will be morning so i'll have another video up on youtube tomorrow night around 10 o'clock until i talk to you then be safe

Topics:trading mentorshipYouTube trading communityintraday chartslive trading streamstrading educationorder block theorytrading strategiesmentorship grouptrading analysismarket structure

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