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ICT 2024 Mentorship Lecture #7 August 13_ 2024

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e e

well good morning folks audio

check bear with me a second

here for

all right well good morning folks hope

everyone's doing

well so if everything is as it should be

you should be

[Music]

seeing a weekly chart of the NASDAQ for

September delivery contract month

let me get my laptop where I can hold it

better all right

so we have had our economic news driver

come out at

8:30 whenever we have that report or

similar like PPI

CPI um non from perel you shouldn't be

trading that day you should just wait

for the opening bell and usually trade

the 10:00 Silver Bullet so if you're

really really forcing yourself to engage

on that

day just for practice or just for the

experience of it

um just wait until Silver Bullet for

nonpr that's the easiest way in my

opinion and it doesn't always equate to

you're going to be winning but that's

the suggestion I would bring forth to

you so if you're NFP kind of guy or gal

uh that's my recommendation if you're

can be trying to explore that but I want

to take your attention to this low right

here okay so on this candle here on the

weekly chart of NASDAQ it's July 22nd

2024 and this is a weekly chart so I

believe that low at 18883 and a quarter

it could touch it because we have this

sells side and balance buy side and

efficiency we're just about near it here

so how far can it keep pressing up into

it that far and as much but I don't have

a whole lot of faith in it as of right

now but the midpoint of that

Wick right there which would be

consequent encroachment um I like the

fact that we had the candle close on

this weekly range off of its low the

next week we open we trade up come all

the way back down so from this candle

close and this candle's

low all of that that range is

balanced and all the way back up to here

as well so I like to see some kind of

stiff opposition to any forward run

higher at the

18883 and a quarter level okay so I

would csel you to have that level on

your notepad if it's on your chart

that's fine too it doesn't mean it has

to go to that level just means that uh

in my opinion using a higher time frame

broad range observation you vantage

point I think that that's probably a

likely

scenario if we look at the daily chart

we can see also that we are just about

at the butt

end of that uh Candlestick

low so about 10 handles or so

thereabouts so this big candle up here

so that's also something to look for so

we'll just call it uh the 50 what is

it um I'm on the wrong candle sorry the

U 54 level so 854 so 854 should be on

your chart and

883 we'll call

884 just to round it

up right and then dropping down to a

60-minute

chart really wonky type of price action

here just keeps drifting

higher 15minute time

frame uh this is a a really random level

in reaction off of that it's probably

some kind of um a bullish Divergence and

some kind of momentum indicator I'm

certain it was probably something to

that

effect I'm just

kidding the uh if you look at the new

day opening Gap um

you'll see that's the high so um if

we're looking at naked price action

which we're going to try to do that

today okay um if we

can just bring in the

uh the five minute chart

here all right so we

had our 830 news driver it rallies up

challenges the

London session

high so I'll add this it'll populate all

my previous

annotations okay so you can see

the new day opening Gap high that formed

last

evening right there okay so there is the

close F5 and then reopen it 6:00 and

since it's over 20 handles sticking with

the rules the consequent encroachment

level is annotated so you can see I

traded back down to that level there and

then red rather

aggressively order

block trades until here rallies up and

we've

pushed above the London

high so now I'd like to see

it either try to make an attempt and

fail you can see all the other levels

down

here you see all that so I'd like to see

it make an attempt to try to get to that

54 level and or the

level and I'm in no

hurry but for the sake of looking at

where it could potentially reach for it

I was looking at this hard time frames

with you

and by the way I've going through the

comments I'm pleased to see that

uh you guys are enjoying the the live

streams and also seeing how the markets

are respecting the things I'm covering

before the fact so that's that's how it

should be never should be like just

always Market replay you know I guess

there's a time and place for Market

Replay for you as a personal student

experience but you're trying to teach

what Market replay and it just it really

just promotes the idea that you don't

know what you're talking about if you

did you would just simply do it with

live

data and there's no argument around that

no one can argue themselves out of that

it's the way it

is all right so all I'm doing is

uh yeah we we'll go 883 and a half and

that was based obviously like I

mentioned on that Weekly chart then we

dropped down to the daily chart

the key level I'm interested in on the

daily is here the weekly is here right

so now opening bell we want to see if it

can Spike up into and reach up into

these levels here I'm not trying to try

you know try to promote any kind of

Entry idea I want to see how if it can

trade to that daily level or the weekly

level because they've already pushed it

up a lot I'm not interested in buying

long I'm not interested in going short

yet

so I just want to sit on my hands and

wait and what I'm trying to do Caleb is

since it's post PPI post CPI that type

of report in other words after that

report comes at

8:30 uh we don't ever try to do a

initial High initial low for liquidity

sake you know into those types of

reports because those types of reports

as I mentioned yesterday and other times

in the

past it's

extremely min manipulated so and because

they're usually one-sided directional

runs I try not to have any

concern right before the CPI number and

the PPI number because nobody has any

idea what they're going to do okay

um if I try to give you a directional

bias and or it's going to reach here

when it does the CPI or the PPI number

you would see that I'm more at to be

incorrect

so if that's what I've noticed over the

last 30 years I'm not having the ability

the daily TR uh objective to trade to so

now I want to see if it can trade it to

8350 the uh if that's what my data is

suggesting then that means that there's

low probability for me to try to pick a

direction pick a Target pick a liquidity

I just let them go in like a hurricane

you know you can't stop it you can't

stand in front of it so just simply wait

for it to do whatever it's going to do

and then after the you after the storm

passes which is 8:30 you once that

initial wave of volatility comes into

the marketplace then you can go and

start looking for setups okay what what

did they leave in the wake of that type

of uh delivery and

price initially what I'm looking at is I

like these lows in here see how they're

relatively

equal so I like that

one so we can go and start annotating it

now because this is our

initial relative equal lows so I like

this

and I'll

[Music]

just you may hear my puppies I'm in the

basement today my wife's up here trying

to troubleshoot with the

a tech with my son's computer

so and we'll

bottom there you

go so that's my initial sell side

liquidity so I think this is a factor

initially the the study um it goes below

this low here we've already ran through

it on the 830 news then came back down

into this Bice balance sign an

efficiency so you might question well

why don't you just put your level there

because I'm teaching my son to focus on

relative equal lows and relative equal

highs and what I'm doing here is I'm

waiting to

see if they're if they can form a

relative equal High it doesn't have to

it can go up there where it's at right

now and fail and break lower or it could

go up above 8 8350 and just keep going

higher I'm not trying to predict that

type of price action because I'm trying

to build a idea around the 10:00 hour so

hopefully you know our time together

between now and 10:30 um I I do want I

do personally want to close it at 10:30

today just because I want to keep it

short

um so hopefully by then you know I can

identify the uh the Silver Bullet with

you live there's your 883 84

level so it's probably random too

um when you have something like you

screenshot it and the key takeaways is

this forget the fact that it's the PPI

number forget that it's a PPI a CPI fomc

label it but you want to go back through

price action and say okay from where it

was likely to reach two and

Y and then from that price point here

all the way to the beginning in the

origin of the move which is here which

is the new de opening Gap that was

formed at five

and the difference between that closing

price and the opening price at 6 p.m.

yesterday evening New York local time

okay and then you go back through and

you study it this is a f minute chart so

you can see we traded into an order

block there it rallied up we have a

breaker trades there with a consequent

encroachment POS B cell efficiency so

convergence of several PD arrays there

with the likelihood that it's going to

run

what

here trades High High comes back

down trades into the inefficiency here

rallies again comes back down once more

trades into the rejection block which is

the down close candle closing price

trades there and expands through fair

value Gap

forming here with an order

block an old

high fa Gap trades to it rallies to the

Daily objective I outlined and then the

weekly okay so on the weekly chart we

have now traded and closed in that

Weekly fair value Gap or Cy that's this

level

here

so you might look at that and say well

that was wild why you take that trade

because I'm not interested in

chasing a a run like this that's long in

the tooth that means it's it's been

working it's it's running I don't want

to try to get in the last portion of a

move not to say that this can't go any

higher but you got to remember what's

going on

everyone now sees what the the news

driver did at

8:30 right in

here okay so that big run here they want

to try to get on board and run with that

and here's the opening price at

930 what's it doing it's one shot one

shot excuse me tongue twister it's a

one-sided one shot delivery from open

right to the weekly level I just gave

you going at the opening of this live

stream so that's all I would be reaching

for if I was going to go along anyway so

what I choose to do is I want to see do

they want to take it there and then I

can sit and relax and worry about what

it's going to do afterwards because

obviously the Market's going to gate and

move around right so we have to build

some kind of context as to why we're

entering a trade and if it's so close

like if we're in here yes 50 handles is

handles but it's chasing 50 handles at

the tail end

of what's that 200 handles okay so

you're trying to get the last piece of

pie and you know what they say use your

manners don't be the person who takes

the last thing left on on the serving

table I'm not trying to be the Glutton

that wants to catch every single move

I've hurt myself doing that

I kind of talked a little bit about that

yesterday I got a lot of feedback

positive feedback about some of the

additional content that I talked about

yesterday CU I'm counseling my son on

how to prevent toxic thinking and also

to kind of like balance the fear and

greed aspects and when you start getting

success and how to avoid the

Tilt when you lose control of what

you're doing and what that means is if

you have a losing trade you go and you

start doing things that are not

characteristic to what you initially

were trying to trade off of or you know

a abandoning your PL your trading

opportunity or model and just trading

impulsively because you're trying to

chase price and you lose sight and

connection with what it is you trying to

do and then you blow the account or

create such a huge draw down that's it's

very hard to come back from

so I like I said I appreciate all the

comments I see them but the people that

leave the same comment that says why new

comments uh that that person gets banned

I'll never see a comment from you again

that means you never listen to me or

you're you're just doing something

stupid and usually it's from people that

don't even follow me so I just BR them

get rid of them but uh I I appreciate

all the positive comments and everyone's

support of this new Venture here and

Caleb just let so you know that they're

thanking you and telling me to thank you

for asking to go into teaching you again

because

that that unselfish decision you made

about making it available to them as

well

um they appreciate that so anyway uh

that's the F minute chart we went up to

our price level here um I'm going to

drop into a one minute chart

now okay so you can see on the one

minute chart we have those relative

equal lows real smooth uh I don't like

this one because it went slightly lower

than that one okay um if we can get

through this and and beyond that low

then my next attention would be right in

here see see how smooth that is that's

also right before the 8:30 news

driver so I'm going to air on the side

of it could be just them pumping it up a

little bit more and trying to get

Traders caught offside chasing it

because it's been going up since last

week okay

and I just remember that I didn't show

you what I was referring to yesterday I

said how we can use Monday there's a an

expectation on my part or anyone that

learns my Concepts and the way I

internalize price delivery is if I'm

anticipating a 20 to 30% retracement on

the present or previous week's range um

if I don't get that type of delivery on

a Friday which is why I dubbed at TGIF

Thank God It's Friday if the Candlestick

for the weekly range is

all one-sided big bull that type of

thing obviously it'd be one-sided

because it's a single cand that makes it

weekly but if it's been predominantly

one-sided and last week was up

predominantly for the

indices I mentioned in the live stream

on Friday talking to my son I said it's

I think it has the potential to do TGIF

that means it could potentially reach

into and retrace as much as 20 to 30% in

the weekly range last week but I

mentioned yesterday in Monday's live

stream on the 12th of August

2024 that we didn't and see it

materialize so when that happens we can

use that same idea and use the highest

height it forms on Monday and anticipate

that type of retracement and while I'm

talking and we're not really doing

anything yet here technically uh you can

go and pull up your weekly range measure

your FIB low to high include yesterday's

high and notice where the low of the day

formed and also what what also was there

yesterday while I was calling for last

Friday's new day opening Gap so there's

a convergence and Confluence of

Friday's new day opening Gap and also

the

20% range of that

entire you know yesterday's high and

last week's low so that's the effect I

was referring to and that's why all

factors where I was saying to you you

know what are you doing when you're

trading on a day like this you got to do

it early and when I was starting the

stream I said you bear with me one

second I was putting my pups away and I

heard I'm checked the uh the FIB level

and I I saw that it was converging with

that uh new day opening gap which is why

I was telling you uh to watch this if it

goes below the new week opening Gap it

can go down to Friday's new day opening

Gap and we watched it ping out like like

Gang Busters

yesterday so anyway uh I did not lose on

purpose by the way I I I I've teased a

lot in the in the past but I was

generally expecting it try to you get

down there and move in my favor but I

saw what was likely to happen and good

old Phil over there um slid some dials

to the left and the right and then I

came back for the Stop which is kind of

like what I said I was going to do it

was going to get stopped at I was going

to go and bump my stop everybody can see

where my stop was I'm sure everybody was

going to try to trade with the same

thing which is the reason why you want

to watch me uh live trade anyway because

you want to copy what it is I'm doing

and

once it hit the stop dropped down and

went to everything I outlined yesterday

real time so it's important to try not

to be in a rush after a PPI a CPI number

release because you feel like you're

missing the

party so Caleb when you have these days

it's in it's in my interest to see you

try to not participate in these days to

be honest with you there there's plenty

of time to grow into the aptitude to

work and navigate in these types of days

but try not to put so much emphasis on

being able to be successful navigating

them now it doesn't mean that you

shouldn't be in there watching price

action logging in and seeing what it has

done and then using that as a means of

building you building um experience

reading it and appreciating the level of

risk that that these types of days

promote that other you know other

Traders or new startups someone that's

really not really been able to find our

model yet uh they'll go in and they will

this right here is our initial buy side

um let me draw this out real

quick uh other folks with less

experience they'll see this type of day

and they'll say well you know I want to

be a part of

part of that and hopefully capture you

know big runs and big money and I'm

going to counsel you to try to avoid

that because there's there's plenty of

time once you have more experience to

know with a great deal

more I

guess trust in your ability to see these

big moves coming and you don't really

need the PPI and the CPI numbers to get

these types of ranges you just have to

hold for the daily range okay

um over time you'll learn that so what

I'm studying here is this

Wick right

there I'm watching the halfway point

does it Spike into it a little bit above

it and reject or does it completely roll

over top of this

high and that should not be like that

doing too many things at one time

[Music]

okay

so I prefer it to take out that high and

then start to make an attempt to

gravitate down to take the low here here

and then work its way down in here even

if it wants to go higher in the

afternoon or continuously go higher I

would favor this type of action simply

because it'll give us some framework to

work within for the 10:00 hour okay so

we got about 14 and 1 12 minutes before

10:00 um less than that for the 10:00

macro which would begin in about 3 and

1/2 minutes or

so so 10 minutes before the top of the

hour at 10 to 10 there we go we have to

run above it okay so now we have

relative equal highs after the opening

bell so we don't try to do any initial

buy side or sell side on PPI and CPI

number days okay wait for the opening

bell

if we can get the framework within the

range of 7 to 9:30 we can go back

through that range because that's

they're all operating hours okay you

just don't want to look at anything

prior to 7 o'clock because then you're

going to incorporate London uh session

uh price action which kind of makes it a

little bit more complex because there's

a lot of different things that that can

Inspire in terms of specific daily

schematics or profile files as I call

them like road maps how the how the

daily range will be formed doesn't mean

that you're going to know exactly it

doesn't mean I'm going to know exactly

every single day but there are

characteristics that tend to repeat and

I taught that on the mentorship content

so it's the private mentorship videos

and core content lessons that I uploaded

on this YouTube channel for free um go

into the day uh day trading section

portion of that and you'll see what I'm

referring to

all right so we have had the buy side

ran nor realtive equal highs post

opening

bell and we have no run on sell side yet

it's just been one straight shot great

from the opening

bell here's 9:30 Trad it back down a

little bit rallied up

so when we're looking at

price and you know this cayb because

every time I sit down with you I'm kind

of explaining it to you you're not

trying to

force and what I want to do is I want to

see if this Gap here that we traded back

down into does it give that up okay

because if it can fail and go go lower

this may be something that's influential

for resistance we're not trying to pick

the top we're not trying to call the top

we're not trying to call the reversal

we're letting the market tell us very

clearly where it wants to go we already

shown 50 handle run off of a daily

Target and a weekly Target straight shot

to it just a beautiful uh illustration

of what it is that you're trying to do

initially you're not trying to get in

patterns okay you're not trying to pick

the best stop loss location or where to

move your stop loss you're trying to get

a feel for where the market could

genuinely end without a whole lot of

back and forth type price action where

it can try to gravitate to and that's

the draw on liquidity and that's the

first thing that you're trying to do and

when you give yourself permission that

that's all you're trying to do it makes

watching price action enjoyable it's

very it's almost like meditation

for me and I I'm I'm pretty good at I

can see it and pretty much know what

it's trying to do and more or less when

it's trying to do it so there we go we

have a run

again and we'll see does it want to keep

that or is it just disrupting everyone

that's been watching the

stream

second okay to put my phone on do not

deserve it's a local number so I don't

know who that is but I can't talk to you

right

now the

uh but the same thing here if if we can

trade

lower again I'm not trying to buy it I'm

not trying to chase it it's too long in

the tooth for me and what happens if it

just keeps going up ICT you know what

you feel upset about that that you

missed it like say it runs 400 handles

day to D side

I don't care you because number one it's

going against everything that I have as

a comfort and knowing that this is what

I choose to do and what I do is I teach

people how to be a buyer in discounts

how to identify discount anyone that's

trying to go long in this right here is

literally chasing price that's the

definition that's the epitome of chasing

price and you're literally asking the

market to take your head off and I have

done that as a younger man thinking okay

I missed it I'm going to catch the last

portion of it and hope it starts to take

off and have one of these big commercial

bull markets that Larry booms was

talking about all the time because I

thought every Market that had certain

characteristics we're going to just go

straight to the moon and I got hurt a

lot doing that so I forced myself to

wait for it to trade to either you know

some kind of opposing liquidity and then

wait for a failor swing after that or um

I look for it to give a clear indication

that it wants to

go higher after it's gone

lower so it has to go into a a

retracement that makes sense and goes to

a pdra or a liquidity pool that I've

already predetermined so that way I'm

not reacting to not being response

responsive or impulsive to what is I see

in price versus I'm waiting for

something to come into my crosshairs and

then when it does I'm going to pull the

trigger because I know what I want to

see happen if I'm going to pull the

trigger I expect my target to fall to

its knees and expire right then and

there not fight me and try to you know

do battle with me for the outcome of

that that trade I wanted to just give up

The Ghost and drop dead and then I know

I have a winner and I can just manage it

and see how much blood I can squeeze

from

it here um

watching where Price is Right now it can

rather uncomfortable because especially

if you're

new the natural impulse is it's going to

keep going higher it's going to keep

going higher it's going to keep going

higher and why shouldn't you just take

along why shouldn't you be taking this

right here as resistance broken turn

support because again it goes against

everything that I understand about price

action we opened up after rallying you

know since this morning

it's been going higher we had the 830

news driver come

out here came back up we retraced we

have these smooth levels

here this one here is possible and right

at the opening bell at

9:30 right

there that opening price right there we

opened and then rally we came back down

traded into the inefficiency between

that candle and that candle and then

rallied I don't want to be a part of

that if I can't be a

buyer which I explain to you why I

wasn't willing to buy it before it

traded to this level and that level I'm

not interested in taking that trade

because the probabilities for me in my

personal style of trading my way of

reading price action is

not it's it's not conducive for that for

me okay so while other people may take

that trade others may have went long and

maybe have made money maybe they haven't

taken their profits yet and they're

expecting it to Rally higher if that

were the case that we see that happening

today uh that's simply just a move that

I wasn't a participant in I don't have a

trade open right now there's nothing

that there's literally nothing going on

for me I'm waiting for more information

and my interest is how we trade at the

10:00 hour okay that that's kind of like

what I'm I'm doing I want to see if we

can give up this ground that we've made

here and try to make an attempt to come

back down here and disrupt this smooth

little area

here I don't care what it does after

that okay so now think about what I'm

saying if I'm fortunate enough to see

that unfold and I can outline it in

front of you and walk you through it and

it delivers

does that mean I'm going to go long or

hold for short lower prices than that

no it just means that that would be the

end of my interest the exercise would be

complete my son would see what it is I

want him to

see you

get another illustration of what it is I

try to do when I am not in like a quick

overwhelming Overkill hunting mode this

is me in a passive day where i'm not

extremely interested I have subtle

things that I would like to see happen

and if they can materialize in price

action then I'll explore

it but I won't do maximum leverage I

won't do um you know crazy pyramiding

and stuff like that it's just I would

look for it to

happen go in maybe with one or two

contracts that way if I can get a

partial off on one and let the other one

run to this objective down here that's

that's kind of like what I have in mind

but I have to wait for price to give me

those I guess confirmations that it may

in fact do it right now it's still too

early to to deter that remember this Gap

right

here I told you that may be influential

if we fail we went up to the weekly

objective I was giving you at the start

of the live stream we pierced it and we

pierced it once more

so we have three drives here three

drives pattern or if you have that book

I recommended when we first started

talking last week and I've mentioned it

other times in Twitter spaces when I was

on Twitter I'm not on Twitter now I

don't have a Discord I'm not on

Instagram if anybody's on Instagram with

my name they're fake um anyone on any

other social media except for this

YouTube channel if you think I'm talking

from that account and it's me running it

it's not true it's somebody else that's

taking my stuff and trying to pretend

for engagements and whatnot

so they're all just Pretenders but if

I'm talking to you I'm talking to you

from this YouTube channel or my

community tab on this YouTube channel so

there's no other way for me to um be

confused with somebody else's you know

fraud they're doing they're trying to be

me just using stuff I've already put up

and

uh that book Street smarts there was a

little pattern in there

and they they labeled it or named it the

the three Indians pattern which was kind

of cute at the time um but it's

basically just a simple three drives

pattern um it's funny they don't ever

get any Flack about renaming something I

do but my stuff isn't renamed anywhere

it didn't exist before me but I do like

patterns that

have predated me even you know even

before my birth you know I'm I'm 52 but

a lot of classic stuff that happens in

price charts um I'd like to look at them

as a way of attacking it and the three

drives pattern is no different than any

other thing else like a bull flag or

bare flag I like to see those things

form when I'm opposed to what they may

indicate so in other words if you're

expecting like a bull flag I like seeing

them and selling short right inside of a

bull flag when I knew that the

probabilities are likely the market will

go go lower higher and it's very very

satisfying to see that it's also very

satisfying for me to identify diagonal

support or resistance and then Target

the liquidity that would be used in

those instances but a three dries

pattern also can fall victim to that and

how do I avoid falling victim to a three

D pattern a three D pattern just so you

know or three Indians if you want to use

the the title that that Linda rash and

Larry Connor's book Street smarts

utilizes or labels it's usually when the

Market's going higher and if it's

starting to get close to a level that

might be of interest to you um they

don't go so much in the detail in the

book The Street smarts book but I like

the pattern because I did see it

sometimes form where it tried to go up

made a higher high here and that's

usually when my stochastic indicator was

being bearish showing me a Divergence

and I would many

times look at that and say okay it's

going to retrace lower and then give me

a trend continuation Divergence which is

like an indicator that has an oversold

reading here and then it creates a

higher low but the indicator goes lower

than the reading it was here so that's a

it's a type two Trend filing um George

Lane did not create that it's not hidden

Divergence because

um you know George Lane created it it's

Nick Van Ice he Nick Van nice is the is

the guy that gave the trading Community

the the trend following Divergence in

stochastic and George Lan gets a whole

lot of credit for things that he really

didn't earn but U that's enough being

disrespectful but it's not meant to be

disrespectful I'm just giv you a history

lesson because that guy he you

know he he didn't invent it let's just

put it that

way so um I would get burned when I was

trying to explore the idea of being a

short seller which made it hard for me

because you remember I was

also more prone to be a buyer because it

made sense buy something cheap out at a

higher price

in my initial foray

into being a short seller I liked the

pattern of the three J or three Indian

pattern where it would go up high higher

high and on a third High usually not

always usually it would start to trade

lower and you can get something like a

measured move of the lad that

formed prior to the first High you make

and this is not in the street smarts

book this is from this is the book of I

talking

um the low to the first High okay that

low to whatever the highest third swing

high would be I would measure that okay

and then what I would look for is I

would look for half of that range to be

traded to as an initial Target and then

that low right there would be my

objective you don't see that in Street

Smart's book you don't see that in any

book that talks about the three D

pattern that they don't they don't have

that concept it's not there but that's

the logic that I was using because I've

seen that pan out more times than

anything else um there are people that

say that a three dries pattern where

it's trading high high higher to three

higher successive highs then that

creates the long-term top and it just

continuously reverse you know trades

lower for a long time sometimes you know

I've seen certainly I've seen examples

of that but I've also seen how many

times these just create a intermediate

term retracement to set up a longer term

continuation moving higher okay so

U while I like the idea of certain

aspects of of determining and measuring

and

anticipating visually what a reversal

pattern may look like in price action

um I'm more inclined to Simply wait for

the logic that I teach and have taught

on the YouTube channel and in mentorship

and in this mentorship here in 2024

where I'm trying to focus just simply on

what's the next easiest likelihood of

where price is going to go next and it

it's very liberating to try to avoid

being right about where the weekly

chart's going to go and close because I

used to worry about that I used to worry

about where we're going to be three

months from now um I don't have to worry

about that so I've disarmed myself as an

analyst where I don't have to have you

know Olympic level results and I'm

trying to look for just where's the next

easy thing and when I when I say easy

meaning that it's easy for me to assume

a position it doesn't mean it's easy for

you to see it just like I see it and

there's a lot of things that are going

on in the market today not just today

specifically the 13th of August I'm

saying that in recent years and months

that the market has

become faster obviously and that

volatility brings with it a great deal

of risk so you have to know what you're

doing and just always going full bore

you know trying to accelerate to get to

the next profitable trade and do more

each time we're not in that kind of

climate we're in a climate where you

have to be very careful and try not to

be so

uh like 100 mph just slow down and look

for a ni easy setup that makes perfect

sense to your model the parameters that

you've made for that model and it fits

your your personality you're not trying

to be something that you're really

physically not able to do because you

won't be comfortable in the model as I

was talking about last week so we're in

10 o'clock

now okay and so far the Market's still

just pressing higher and that's fine I'm

in no I'm in no

hurry to assume any kind of Hardline

opinion and true to form where I saying

you know we have a high higher high and

a higher high just because you see see

three drives higher doesn't mean it's

going to

reverse it doesn't mean that you're

going to get a nice sell off it just

means sometimes that you if the market

is heavily manipulated and that's what

we're seeing on a day like this you can

get ground down to dust you know the

market is can continuously just keep

grinding in One Direction and I I

genuinely don't like those types of days

and if I can see days that are starting

to show those characteristics it's very

easy for me to say you know what I'm

going to go watch a movie I'm going to

go read a book I'm going to go swim I'm

going to go exercise I'm going to go

spend time with my wife or I'm going to

do whatever you know but I won't I won't

watch the charts

because I want magnitude I

want swings that move around and gyate I

don't want to be a part of a day that

just continuously chips away and just

grinds against a direction I don't I

don't like that I don't like to be in

trades even if I'm right when they do

that I don't like those types of days so

one of the things that you've probably

seen other the years when I show

examples and I end up in trades where I

am seeing profits build up and it may be

a trade that I've built a large position

in pyramiding it I'm more likely to take

a whole lot more partials along the way

because what I'm doing is that I'm

managing my emotions in the psych

psychological War I'm having inside my

head that I don't like this even though

it's making the trade

more in either Pips or or or handles and

the profits just keep building up I

don't like that I don't like being in

that type of environment because those

days are harder for me to determine how

far it'll go and because I don't have

the patience that just simply hold on to

it and and walk away cuz I'm looking

every fluctuation in price action I'm

like you know a kid in a candy store if

you let go of my hand mom or dad I'm

going to go over there and start

grabbing candy and shoving it in my

mouth I'm going to do that okay that's

that's my natural tendency so for me to

balance that and for me to compensate

for that type of wrestling match that's

always going on in my head if I am in a

day where it's just continuously moving

in my favor you might think that well

ICT must be chilling like he's he's just

going to hold on to a actually I'm not

like I'm I'm literally my I'm crawling

in my own skin because this is not what

I want to see I want to see it really

start the run and then give me some kind

of additional entry point even if I am

beyond the point at which I can't by

money management rules I can't pyramid

any more new positions to the underlying

position making it bigger and I taught

that already in last mentorship so I

think it was 2023 mentorship or was it

2022 I don't know but I know I

it I I'm actually looking for a way to

start scaling out of the trade and

there's many times where if I just

simply would have just moved my stop one

more time just to be at peace with it if

it came back and and stopped me out and

I just simply waited till 30 minutes

before the close so so basically we're

saying 30 I'm sorry yeah 30 minutes

after 300 p.m. 3:30 New York local time

and then come back and look at the chart

and see where I am and then either take

a large portion of the trade off if it's

in profit or to Simply close it I would

make a whole lot more money doing that

but I can't live with myself while I'm

in the trade so that's what I'm talking

about if if you have a personality that

goes against the grain with some of the

things I teach it doesn't matter how

profitable I can show it being or

anybody else or a large number of of

Traders it just means that it's not a

right fit for you and there's nothing

wrong with that just like there's a lot

of other things out there that you can

trade and you may be trading with and

it's

profitable it doesn't it

doesn't Vibe with me like I don't have

any any connection to it and I can't

make that type of stuff work with me so

what I'm saying is there are certain

characteristics in certain types of days

in the way the price action is being

delivered to us even with my Concepts I

could be in a winning trade and still

not feel comfortable in it

and because of that discomfort I will

actively look for ways to just start

scaling out of the trade as it's moving

in my favor and then what will happen is

it it's it's many times like this later

on in the day it has this parabolic run

and if I just would have held on to the

trade I would have had a huge win

because of that but I'm generally not a

part of that run because I've wrestled

with the the personality traits that I

have within me that goes against that so

I'm not comfortable it's like like it

makes it feel like I'm long-term trading

and I wanted to be like a long-term

Trader when I first started like I

wanted to get into a trade and hold it

for months and I discovered I don't have

that ability to be that patient because

I I have so many opportunities to see

different setups I can trade long and

short in the same day while it's going

up but it's harder for me to do that in

days like this so what is that

highlighting it's it's highlighting the

fact that I don't have the the ability

to be nimble and trade both long and

short in intraday price action and if a

day is trading like that you can rest

assure either I've either been stopped

out on a trade and not going to go back

in again or I've taken my position out

or I've taken partials off and then got

stopped out I'm not going to resume

anymore because I I like to be able to

buy and sell on the same day that to me

it's an ideal technical day if I can be

a buyer and a seller and have range that

I can use both sides going long and

short that's a that's like a playground

for me like I am in my element I I will

be all in that just doing all kinds of

stuff and taking all kinds of Trades but

if the market just continuously grinds

in One Direction even if I gave

pre-market analysis and commentary if

I'm fortunate enough to be on the right

side of the marketplace and be in that

I'm squirming in my own skin because I I

don't know how to behave in that moment

or in that trade in a balanced in a

mindset that's balanced I'm wrestling

constantly so as I teach and I talk

about the mindset aspects of trading and

what you're going to be feeling when you

start engaging price and you start

seeing these things pan out and when

they don't pan out for you because you

did it wrong um how do you cope with

those things well I'm telling you how

I'm coping with it I'm literally trying

to find an exit ramp and some days when

I'm in it it's like should I just close

all of it or should I take half of it

off there and if I start wrestling with

half or all then I just take one

contract off and I see how I feel about

it do I feel any more comfort from it or

is it causing me more concern I should

have took off more if I if I feel like

that then I'll take another partial off

as soon as it makes a lower low if I'm

short or a higher high if I'm

long right away you

know you should be looking at this Gap

right there

and how we left it

smooth if it's going to drop okay let's

say it's if it's going to drop and I'm

not saying it will or won't I I prefer

it but I would like to see it take it

above these highs here and then show

displacement below that low if it

doesn't do that by

1020 my interest is done for the morning

and I and I'll kill the stream and I'll

be content with what I've explained in

out but if it continuously goes higher

I'm not interested I'm going to close

the stream and that's kind of like what

I'm getting at I don't like days like

this where it just keeps powering

one-sided one-sided one-sided and

everybody out there that wants to find

an opportunity to stand on their soap

box and say well see I ICT says this and

here's the trade I took well if you if

you did well doing it you know I I'd be

the first one to shake your hand say

congratulations you did something that

you felt comfortable doing but I'm not

out there saying you know trade

everything that I teach and that's the

problem with most of my students they

try to do everything that I introduce

and I'm not using everything when I'm

trading I'm picking one thing based on

what I think the Market's going to do

and if I don't see it materialized or if

the price action is not conducive for

the things that I want to try to engage

with then I'm forced to either be

impulsive and just go in at the

gambler's mindset thinking oh well you

know um this is what I really want to do

but let's throw it out out the window

and I'm going to just try to trade for

the sake of being in there and doing

something yeah that doesn't make sense

so I have to know what it is I'm trying

to do what is it that I'm looking for

why should it even be there in the first

place you there's a whole lot more to it

than just simply saying I want to trade

silver bullets I'm going to trade you

know in the macro times you know okay

that's wonderful but what are you trying

to do in that 20-minute interval what is

it what is you're trying to wait for

there has to be something you know for

you to be building the idea around and

right now I have nothing except for

whatever I talk about in price action

whatever I'm suggesting to you at that

moment that's the only thing that I see

viable and so far we've had just the the

Run of all these relative equal highs so

we have that let's annotate this one

here okay but it it would have to get it

would have to go below here because it's

relative equal lows it also would be a

much more meaningful uh displacement I

don't want to just use this

one I want to use this low here so I

want to see if it can trade below that

maybe a little bit retracement in there

and then we'll study and see if it wants

to you know make an attempt to get down

into this

inefficiency and maybe even challenge

this going into the the lunch hour but

if we make a higher high that'll close

the stream for me I won't be interested

in doing anything more even if it were

to trade lower after that after I close

the stream it doesn't make a difference

to me I I I will be away from the charts

even my private students won't even see

me say here's an example I'll just

simply close the charts and be done

um looking for my bottle of water

here so watch this level in

here or not level I'm sorry uh this this

Gap here

[Music]

now I'm shading

that not orange but the it should

technically be orange because I I want

to see can it fail I want this to fail I

want to see it trade below it come back

up and find U stiff resistance on it and

try to retrace into the daily range

that's what I want to see so let me

change the color so that way you

understand what I'm doing because I told

you before if it's ever this color I'm

expecting it to be an inversion

characteristic to it whereas we see it

here become a buy side and balance

cellid efficiency and it trades back

down in if we were having a retracement

and it traded down below these lows here

and it did something like that then I

would look to look for it to go higher

off of that but because we've been

one-sided this keeps pressing higher

higher higher higher we created relative

equal highs and then we upset it like I

was aligning it I'd like to see that

happen then I want to see it

eject it just seems like they're trying

to punish anybody that wants to be short

and they keep knocking them out and then

when there is no

more sanity in trying to go short

through the retail Traders perspective

that's when the market will go lower

because they are

building um liquidity when you do

this if it makes a higher high I pull

the plug and I'm no longer interested

days like this PPI

CPI if they present these types of

characteristics I promise you okay I

promise you if you watch other folks on

live streams that are you know YouTube

live streams

um you'll probably see them do their

worst trading in those

days and it's I'm no different in that

in that regard because as a Trader we

need fluctuation and gyration and all

that stuff and just a constant March in

One Direction you know I'm not if I'm

not in that trade to be trading the

whole daily range and I wouldn't feel

comfortable trading at 9:30 waiting for

the market to create just this little

bit of a

a little tail that's the low of the day

can it form like that sure can I'm I'm

more inclined to say okay let it rally

let it by Chase it then break down take

out some liquidity here and then if it

wants to start going higher then I'm

okay with that because we we went to a a

discount right

but you have to be comfortable

identifying where your weaknesses are

and that's the point of going slow in

the beginning and not using real money

not rushing to a demo account you have

to determine where your weaknesses and

your frailties are as a person as a

human and if you don't identify them and

develop coping mechanisms and

identifying how you're going to behave

how you going to how are you going to

keep your yourself from going on tilt

like I was talking about yesterday how

are you going to prevent yourself from

blowing the account from overtrading or

impulsively pressing the button because

you're now in a days it's called it's

like the The Fog of War when when you're

in trades and you tear yourself down

with draw down trading is not a sport

it's not a video game it's War but much

like anyone that goes through war and

I'm not claiming to know that but my

father was in Vietnam and he never wants

to talk about that stuff so so it it

bothered me I want to see how it reacts

here I like how it's doing that again I

don't want to see a trade above here it

can Wick through that that's fine

because we have this order block it can

go as much as the halfway point on the

spike of a wick but I want to see this

area here maintain the bodies or resume

and send it

lower but that I've learned that folks

that have had seen action okay where

they've been in firefights and they've

seen the the horrors of of War um they

don't like to talk about it and the

people that talk about it oh yeah I was

in this they're either talking out of

their ass making up stuff or they never

saw it at all but the same thing happens

to us as Traders when we go through a

period of severe drawdown or adversities

where you just simply can't find your

groove and the markets are

hard um that tends to create this fog of

War also where we lose our bearings we

don't really know what we're doing and

we're shell shocked and that's why

people in that condition they go on tilt

like they they don't they don't have the

capacity to think rationally because

they they're experienced horror because

they've equated the amount of money that

they lost or drill down in their account

or the account being

blown they can't think rationally that's

why you know you'll argue with your

spouse you'll be more abusive to the

people around you and more sharp and

pointed with your responses because you

view them as another distraction or

another way of bombarding you with more

stimuli and you're trying to come to

terms with what you just put yourself

through and because you put yourself

through it it's easier for you to

associate that pain and that

overwhelming you know defeat as an

external thing or something else

contributed to why it happened when it's

you that did it

so I don't even know why I'm on this

subject matter but

uh on days like this though uh it's easy

to get caught up in that because you're

you're you're most likely going into

this type of day and if you're a live

streamer you're going to feel the

impulsiveness to want to do something

because your people are watching I'm not

I'm not John Q live streamer like I'm

not I don't care if you come back and

watch the streams I don't care I don't

need to live on the money that comes

from this stuff I'm not here to try to

impress you I'm here to teach my son and

you're here just to either take notes

and see if this stuff has any value for

you or not if you don't then you won't

come back if you do you'll keep coming

back it matters not to me but to manage

all of these things and when do they

occur for me you know with 30 years

experience I've seen a lot of things in

price action and I know a little thing

here and a little thing there that tends

to work

well when do I put on the brakes and say

I don't really want to engage in price

you know what type of characteristics

tell me it's probably not a good idea

for me to take a trade if that's the

case where we have a day like today

where it's after a high impact news

driver and you already know the PPI and

CPI number especially because it's an

election year they are highly

manipulating these these reports and

it's also the fed the fed's in this

market okay and I've said this years ago

I said it in

2016 all through Trump's uh you know his

presidency they were literally just

throwing money in here and it's

artificial there's they're propping the

market up it's not none of these stocks

should be at these levels there's

literally no reason for stocks to be

where they're at they they should have

crashed years ago but because people in

high seats get paid for doing certain

things I just realized where I'm

at let me shut up before the stream gets

cut

again uh there's a high degree of

motivation for certain things to take

place and the levels of manipulation

control and rigging um like a casino

Casino um on a river booat in the old

times um I gave this analogy before on

Twitter spaces where they would have the

the rouette wheel will be rigged and and

I told you how they did it um so all

everything can be rigged everything can

be gained if there's money to be made in

it okay and obviously the biggest casino

in the world is the stock market and

next to that it's the Forex market so

all these things you know when you look

at the uh the potential

for the benefits of controlling the

outcome if you could find a way to

control the outcome or manipulate it so

heavily that an outcome is more likely

to occur uh you don't think there's

going to be people that are going to

have a vested interest in trying to see

that thing paying out like

that so because that's my perspective on

the markets it doesn't have to be for

you I mean you can go around and believe

RSI and um you know price patterns push

price

around that is what I'm thinking when I

see one-sided days where they just keep

grinding they don't have any meaningful

retracements um so I know I'm in an

environment that's highly and heavily

manipulated so I know that the odds of

me being number one accurate

two feeling comfortable holding on to

the trade because I know at any time the

market get to slip and and reverse on me

whether I'm going short or long and that

I knew that my first stop out on a day

like that when I already know if I see

the characteristics showing the signs

that I'm on a day where this isn't my

this isn't my foray like I I don't or

Forte is not my uh my strong point as a

Trader if I get a stop out is a a

realized loss on a day like that that is

like a multiplier that is extremely

painful for me that's a that's a loss

that I will beat myself up over and

that's why I tell you as soon as you

understand who you are you have to bloom

where you're planted try not to do

things that are outside your comfort

zone you don't need to do anything

outside your comfort zone because if

what you are doing is has an edge and

you don't need a very very big Edge you

just need to be able to be consistent

with it but you have to guard that edge

too you know there's there's individuals

out there to pretend to be influential

and and trade Educators they'll say you

have to you have to push your Edge when

you have it and I've always said that

that's stupidity because no one takes a

sharp edge on a knife and constantly use

it use it use it use it use it and then

never hon it rest it you take care of

the edge because you can push yourself I

have lots of tools I have lots of things

I can get into the market

with but I also know that as the

operator the person the the man that is

going to be in charge and responsible

for the outcome because I'm pushing the

buttons I'm getting in the trade I'm

placing a stop loss and moving that stop

loss I have to assume all that

responsibility so if I know and if I can

identify an environment where I know I'm

not in I'm a fish out of

water if it's a just a grinding

one-sided day if I'm not equipped to

identify early enough and have taken

partials out and profited in that move

if I get stopped out on that day and I

have already recognized that this is the

type of day it is for me those are the

worst for me that's the worst type of

day for me because whatever that

monetary loss is and it could be very

very small in my mind I will magnify

that many times over because I didn't do

what I have told myself when I was

younger as soon as I see this type of

day I have to know it recognize it and

then start taking money off the table

because every single loss on a day like

that when I was younger eventually led

to me blowing the account because I was

trying to force myself to be in

conditions that I was not comfortable in

and then I would make excuses for why

you know this didn't do that and it was

it was

me it was me that was doing it wrong and

it's a very hard thing to do when you're

learning how to do something like this

because everybody wants to be able to

fault something externally you want to

be able to say oh it wasn't my fault you

you can't blame me you know social media

you can't blame me internet friends you

can't blame me you can't blame you know

the person because that broker did it to

me or that you know something external

to yourself now you chose to put your

stop loss there or you chose not to use

a stop LW and you chose to buy that many

contracts or that many uh

Lots if you're trading Forex you're

you're making those decisions and you

have to be responsible with that so one

of one of the biggest things you're

going to have as a hurdles sun is you

need to find what those barriers are for

you where you're uncomfortable and don't

be afraid to identify them and don't

look at them when you discover what they

are and say well this is a weakness that

means you know I'm going to fail no this

is how you prevent failure because if

you go out there on your strong foot in

an area where it's quicksand for you and

you know that this is your Kryptonite

this is your weak this this is your

weakest stage to perform

on nobody in your right mind would do

that nobody a glutton for punishment

does that but see that's the that's the

very state of mind that every new Trader

and every student that comes to me with

either pre preconceived ideas on what

they think they're going to learn versus

what what they have to learn about

themselves first

all of my successful students have gone

through this process and they have in

one way shape or form communicated

openly in our community as as the

individual user groups they they can see

who shines in what user group and who

doesn't but the ones that are successful

they have been very candid about what

they see as their personal weaknesses

and they don't they don't feel any shame

in that and that's strength because what

you identified is

okay I don't want to be in a condition

if you're if you think of yourself as a

Superman or super girl Superwoman and

Kryptonite is Superman's weakness no

matter how big and bad he is okay you

put a a cornflake with kryptonite on it

he's he's nobody he's just the average

person then well as a Trader you have to

identify where your Kryptonite is and

every Trader has Kryptonite

mine are internally it's not that the

Market's beating me it's I I fall on my

own sword when I don't identify where

I'm at and what what environment and

climate I'm trading

in go back and um well you can't rewind

and by the way I got a lot of people

saying I can't rewind the the live

stream while it's going on I like to be

able to pause it and and write down my

notes and all well again I'm not here

for you

so because my son watches delayed data

he doesn't have live feed he doesn't

have you know real time price feeds he

has a delay so when he's watching the

stream if I'm pointing to something he

knows that there's a delay of however

however many minutes I don't know

exactly how many minutes it is but

there's a

delay I want him to study he knows

there's something I I commented on real

time so it's coming up and I want him to

practice seeing it materialize on his BL

chart okay so he's not doing trades he's

not even demoing he's just observing

price action to me that's the best way

of learning it beats Market replay

because Market replay is you already

know what it's done but I mentioned in

here just for the sake of our

conversation here

today I mentioned how I wanted to see it

it could Spike up with the Wix up to

consequent encroach or I'm sorry mean

threshold of the order

block let me take all this stuff off

here so how far can it color outside the

line of this uh this Gap I was

watching right there which is the

midpoint or mean threshold it trades up

to it and then dropped so we went below

this low here I like that I want to see

I would prefer it to go one more time

into this maybe uh maybe tap the low of

that candle there it doesn't have

to but right now I would like to

see clean this up I would like to see it

kind of like gravitate

to these lows and these lows so

I'll I'll highlight like

this and if you're watching I want you

to just relax okay don't

don't have high expectations don't don't

demand that it's going to pan out and

don't be afraid if it doesn't because

this is an envir I'm admitting openly to

you trying to show my son that this is

this is where dad doesn't like to trade

in I don't like to trade in these types

of days and I get a lot of questions all

the time like how do you know when to

avoid certain trading days and and what

does it look like and what does it feel

like and what are my feeling what is

what are my

concerns everything I've outlined here

and

honestly you

know if if you've been trading for a

long time and you've made money

trading I promise you in the audience

you're you're telling yourself that this

is something that you wish you would

have been exposed to sooner you probably

had to glean it from your own experience

painfully right I I would have given my

left arm for this type of teachings

because I didn't identify any kind of

hardship as a way of determining where

my weak would be so that way I can avoid

them and doesn't it make sense like um

Larry Williams gave a really funny

analogy and i' I've borrowed it many

times um he was referring to how like if

let's say you live next to uh a person

with a white pick a fence is a blue

house and I'm I'm kind of going by

memory from my lecture keynote speaker

uh event he did he talks about you know

you walk down this this road and you

pass the same house with the white

picket fence the blue vinyl siding and

whatnot and you see it's there all the

time and they have a dog that's

ferocious and it runs down to bite

anybody that comes by and too close to

that fence and you walk by and you make

the mistake of walking too close to the

fence and it bites you and and tears

into your arm okay well the next day you

get up you walk down there and do the

same thing it RS through the bandages

and tears your arm open again are you

going to do this 50 times before you get

the point you you probably shouldn't

walk so close to the fence you probably

should walk on the outside the fence

take a different route don't do that

because that is a stage for you to do

what experience some adverse reactions

so what I've done and I didn't do it

soon enough if I was being honest with

you I've spent time in my

first like quarter of my development as

a as a analyst and whatnot I wanted to

see where I was making my biggest errors

and where it was easy for me to to make

errors how can I mess it up when do I

mess it up what are the types of

climates and conditions in the

marketplace that were prevalent they're

obvious that were there all the time

when I was creating these hardships for

myself and it's some of the things I've

talked about here today

and have we moved around a little bit

sure I'm not going to argue that anybody

could see that we've had some

fluctuations in price action but it is

not clean price action meaning that it's

not going to obvious levels turning

around I mean I can talk about certain

things but you can see it's a lot of

coloring outside the lines and I had to

tell you how far do you willing to go

here I don't like that I want to be in a

situation where I can see the expected

drop and then have this level here and

it not go outside of that I prefer those

types of climates those those days where

they respect the PD arrays and it's

unable to do certain things when I would

like to see them fail because I do want

to see PD arrays fail I want to see that

because it gives me confidence that what

I'm expecting for directional runs or

where the market May draw to it gives me

confidence that that's still going to

most likely pan out and this is just

small

little you know coloring outside the

lines all right so right now it would

need to start falling out of the bed and

going lower if it's going to go lower if

it were to rally and go Above This

short-term High here now that kills it

for me and I'm done for the morning and

it kills the

session but ICT you don't you want to no

ICT would go and probably get take a

ride with my life I'll break out the 21

Corvette and can't Dr in a couple weeks

and that's what I tend to do there

there's nothing wrong with that it's my

way of dealing with an environment that

I'm not in interested

in now why would I pull the plug on my

interest on this day if it goes above

this High because we have these relative

equal lows here that we swept down below

and it's probably going to keep going

higher I'm not interested in being long

today well you know you don't know how

to draw uh you don't know how to trade

bullish markets

okay everybody has an opinion after I

say something but you're not bringing

your live stream you're not calling the

market you're not telling us what you're

doing you had the benefit of the

sidelines and

anonymity what I'm trying to do is teach

my son I'm teaching him with real

experience where I've lost real money

and I've made real money and the things

that I've exposed myself that were

barriers to me developing sooner

comfortable um are the things of of what

I'm referring to here today which in my

opinion you know if there was a way for

me to talk about this and and I can't

write it in a book because it's too many

things that have to be referred to real

time as it's happening it needs to be a

dynamic type of

lesson but these are the types of

lessons that I can look back on with the

experience I have and how many years

looking at these freaking markets if I

would have learned these lessons sooner

or if I would have had someone tell me

this is the stuff that matters more than

anything else because this is what

wrecks you this is what takes you out of

the game there's so many things you can

do to buy sell everybody has a technique

to do it everybody does given the right

conditions you know anything can be

profitable flipping a quarter can be if

you're if you're look well when I first

started

trading you know I got lucky being a

buyer because the market was in a a

commerci b Market that means it was

going to go up

regardless and I was spending time

trying to figure out what what Market to

buy that would be better than and they

are all going up so I had a built-in

Advantage which I attributed to his

initial skill and it wasn't skill at all

it was literally me being blind

luck and that blind luck can exist for

months but when you no longer have the

conditions that are predisposed to move

in your

favor you'll find that nothing works and

that was a

very I guess

uh dis

disenchantment cu I I was like wait a

minute somebody's changed something

around here and it's because at the time

I didn't know how to trade I didn't

really know how to trade and I was just

trusting indicators crunching the data

for me and that's all it

was now looking at this day here

okay forget the fact that it's probably

going to make a higher high okay forget

the fact that it's probably going to use

that inefficiency and find some support

off of it because we cleared the the

liquidity below here and we're in my

opinion we're too far up here

again today has not been in my opinion a

day that is very easy it's not clean

it's not a fast running Market where it

knows it wants to go somewhere so I'm

not interested in pushing a button I'm

not interested in having a hard Hardline

decision I would want to see obviously I

want to see it you know trade down here

but for to come back up here and create

this run through and get that close to

that high what is

this relative equal highs after it's

taken liquidity so the the the

jaggedness is down here where is it

smooth here so can it go up here and

bump that and then go lower can can it

go about here and then run right through

this High it can so now think about what

you just did you nodded your head with

me as I was saying both what is high

prob probability trading the absence of

one of them being

true remember high probability is where

it's very very difficult to frame the

other side of the market going against

what your trade idea

is if you can only paint the scenario

that it's going to move higher and

you're trying to be a long um bullish

Trader and it's very difficult next to

impossible to frame any chance that it

goes lower unless some freak price move

comes in and that's not likely

always

um let me say that correctly it's not

potentially going to occur all that many

times but that always is a underlying

risk that it can create some wild price

action and Spike move a war type event

you know some kind of terrorist attack

that can cause a uh a shock to the

marketplace years ago we used to have

surprise rate announcements uh we don't

see that anymore that's another reason

why I know that fed's doing things that

he really shouldn't be doing they're

involved in the marketplace you they're

in it we don't have any kind of surprise

rate cut surprise uh um rate increase

you for some of you Millennials you have

no idea what I'm talking about but the

for the oldheads and audience you know

exactly what I'm talking about and that

stuff doesn't happen anymore

everything's scheduled so that means

everything is

scripted so there's no there's no chance

for the market to be dynamic and a free

market like we Rel lied to and said told

that this is what it really is when it's

not it's not been a free

market as soon as Nixon took us off the

gold standard it's been rigged but

that's another conversation for another

day I don't have time to go into all

that but we have not seen anything in

here that is quote unquote sexy and

interesting there's a

interest for me to see price go to

certain levels but it's too muddy it's

too back and forth and I have

obviously looked at my favorite live

streamers and seen what they are doing

today and if they've done anything at

all or if they made money or if they

lost I don't I don't know that obviously

you know when we're done and I get a

moment that's what I'll be checking on

I'll see you know what everyone else has

done but here today I don't have any

interest in being long even though it

could potentially make a higher high

here again if I wanted to let let me

make the argument that say

that I wanted to see it go higher which

I don't care if it does I don't want to

do it if it does go higher I don't want

to be a part of that move I would have

to take a trade based on either half of

this down closed candle here or touching

the top of that

one that means it's got to come back

down and hit that after it's done all

this to do that that means we could

trade one more time back inside this

Gap I that that's it doesn't make sense

for it to do that technically for me it

it's going if it's gone to go higher

it's done enough here by making these

relative equal lows

disrupted but I don't want to be long

because it's been one-sided all morning

and it just feels like it's petering out

there are times when it'll do these

types of things and just keep like I

said keep growing and grinding higher I

don't personally care about those days

and sometimes those days have several

hundred handles if you just would have

got in and held on to it that's

wonderful but that doesn't fit who I am

as a Trader does I don't have the the

complacency that's required to do that

because I've tried that before and I I

don't like it I don't feel comfortable

in that type of trade and I want to be

in an environment that has gyration up

and down the markets moving very fluid

higher and lower and it's very very

stilted in here see how it's just like

it's being restrained I guess that's the

easiest way to explain it so when I see

price actions showing these type of

characteristics where it just doesn't

want to do very much it's lethargic it

it runs a little bit then it comes back

in a static choppy little mess then it

runs a little bit and it comes back and

does some kind of choppy little

mess the the best lessons in your

development as a student whether it be

with me or anyone else okay if if you

can identify these types of

characteristics and signatures in the

day that you're watching price action

these are the best days for you to say

you know

what I'm probably trying to swim uphill

or upstream and I'm not a salmon okay

and if you want to be a salmon think

about what they do they bust their ass

swimming

Upstream to to spawn but then they

die so I I'm not look okay I'm all for

getting what you want to get

but there has to be some life on the

other side of that right and in trading

guess what that means you have to be

comfortable and live beyond today and we

ran one more time up above that

high after taking that

liquidity

so I'm walking you through scenarios

that don't they don't really feel

comfortable for me to engage and what

becomes problematic what this may do

where is it likely to go because if it

does this or does that why won't I take

a trade what prevents me from being

interested in the trade why something

falls out of favor while I'm watching

price those types of observations when

you're first learning they're going to

evade you because you're going to be so

fixated on finding the right fair value

Gap or finding the right pattern or some

kind of indicator setting or something

that's made available to you whenever

that's distracting you from actually

reading the price action you're actually

deferring your greater understanding and

it's divided because you have the

personal observations that you're going

to feel while you're learning and

developing and also you're trying to

also gravitate towards some kind of a

approach or model that you're going to

stick to come hell high water not change

not deviate from and it's not easy

that's the part that makes it very

expensive not just with me but no matter

what you

do in trading you're going to find that

this is a it's a truism it's it's

something that you're going to have very

very well sleepless nights and and

hardships dealing with and it's

uncomfortable and you're going to want

to find a way to get through it and get

around it and just you're not going to

be able to you go through

it let's take a quick look at the daily

before close this one up today there you

go J right off the

chart now you

see that little Gap right

there volume and balance rather I it is

a gap but this now because of what it's

done here you want to have this on your

chart all right and we will just

highlight it

that that's good I don't like yellow

but that's your daily chart that is a

volume and balance and that little

separation it's hard to see it when it's

like that right but you have to elongate

your uh your your price charts that we

can see any kind of inefficiencies and

things like that let's go back into a li

chart

okay see if that's immediate

rebalance that candle's Wick

here in this instance I wouldn't want to

see this traded back into until it did

this move up here so this this we want

to see that remain open and then reach

up into that little area right there

there's nothing wrong with missing moves

okay in the beginning you're going to

feel like you're failing if you don't

see every possible move especially if

they're moving quickly and if they have

a sudden run and they move a

lot it's hard to

uh it's hard to wrestle through that

unless you have somebody tell you in

advance that don't play so much emphasis

on that just relax and let it happen

because you're going to learn about

yourself you're going to learn about

your model you're going to learn where

your strengths are in your model

also how do you build your strengths in

your model by identifying your

weaknesses as the individual and

avoiding those because then what you

done is you removed the biggest barriers

to your progress is going to be

you and what you're going to do wrong

and when you're likely to do it wrong

this is going to be one of the most not

liked live streams but this is the one

that in my opinion this is the best

one cuz in the beginning you want to

learn how to make money you want to

learn Le how to do the right

trades not realizing

that the barriers to you getting to that

point is knowing the things that we're

talking about

today identifying problematic price

action problematic

conditions when you're not going to do

your best and for some of you you might

thrive in this type of environment like

this might be your thing like where you

like oh this is it's easy for me like I

can see this is easy for me to to

navigate this well done I'm not saying

that there isn't someone and maybe you

know large degree of my community you

know my own personal students can see

these types of days and say you know it

makes sense for me to trade these days

but when you're trading those other type

of days it don't make any sense to me

that's not something to be ashamed of

it's not something to be uh embarrassed

by it's just simply you carving and not

everybody does the same thing for a

living right take yourself out of

trading what do you do for your job what

business do you own does everybody work

in a tire shop

no that's what my son does he works at a

tire

shop how you make your bread and how you

pay your

bills is your decision how you do that

and the trading is the same thing you

you got to find your own way in this and

not everybody's going to agree with it

but are you going to stop working and

paying your bills with the income you

earn from your job because you know a

number of people say well I would never

do that

job you think

about the

the civil engineers that come around and

collect our uh our waste you know once a

week you they call them the trash

men I'm sure when they were in college

or or

school they uh they didn't aspire to do

that that but they have to make their

income right they have to make their

bills and that's what they're having to

do right

then I wouldn't want to do that job I'm

thankful that they do it

but there's a time and place for

everything and what you're trying to do

in the beginning is completely unknown

to you you don't know what you're going

to end up doing as a Trader and you have

to have some kind of a

Baseline and avoiding or trying to

ignore

uh the the barriers to your development

or the the speed bumps let's say it that

way when you have these moments where

the market just seems like it doesn't

want to do

anything every single time I put on here

and click it I got start looking at how

many seconds away is before it changes

into another candle every single time I

try to annotate something it always

moves right when I click on

it it's a conspiracy I tell you the

uh the

um the energy and the time you spend

trying to avoid all the things that you

are thinking that you're going to try to

avoid like

losing never having draw down only

winning only picking the right order

block only entering at the right time um

that is a a a Fool's errand like you're

you're trying to do something that

everybody will fail at myself included

okay but because no one's sitting down

with you when you're trying to do it and

trying to coax you out of doing those

types of silly

stuff you feel like you're going to be

the exception to the rule and I honestly

believe I was going to be that way and

you're not going to be and that's not a

knock against you it's just trying to

tell you that instead of trying to avoid

the things that are going to be

problematic try to try to avoid the

things that are going to feel like it's

harder than it needs to be you need to

grow into those periods and say okay I'm

experiencing hardship in Reading days

like this I don't know where the

Market's going to go next it tends to be

choppy and aimless like a a sail boat

without a Rudder and then all sudden it

creates these little runs that come out

of nowhere and then I get excited and I

chase that one and then it pulls back

and goes the other direction well guess

what that that's that's what I

discovered about these types of days for

me they didn't feel right for me where

every decision I was making about trying

to engage with it was not correct and

then I would

identify early on in the future those

same types of characteristics in a new

trading day and the times that I ignored

it and just pressed and and plowed into

it trying to do what I normally do I

would get hurt and I would draw the

account down or do worse and then I

would take that pain mentally and

psychologically emotionally that would

manifest into physical depression

physical ailments that eventually

started affecting my

health I would carry them into new

trading days when my model would be

there and it would be obvious that my

model should be implemented that day but

because I'm still beating myself up

about not recognizing the previous

trading session or the previous time

that I lost on when I knew that I was

identifying this is a problem day for me

so instead of trying to force myself to

perform when I wasn't doing it in front

of anybody it was just me telling myself

I had to do it and I'm giving you

permission to tell yourself you don't

have to trade every day you don't have

to have a winning trade discovered and

implemented and realized every single

day you don't need to do that Caleb I'm

not expecting you to do that I'm not

expecting you to have a high win rate

I'm expecting you to grow a little bit

be a little bit better next week than

you are this week and I know by doing

that by default you will increase in

your understanding and if you give

yourself the opportunity and flexibility

and permission to identify where where

you don't feel comfortable that in

itself is going to highlight where your

model will be

strong and it doesn't feel like that in

the beginning it doesn't feel like it's

going to work like that but that's

exactly what everybody if you go back

and look at your development if you're

if you're profitable go back and think

about the things that you felt that were

hardships and by identifying them and if

you're responsible and you're

mature you don't try to sugar coat them

you don't put blinders on or try to hide

them from people if you're going to have

a conversation about your trading and

your model you have to be honest and say

okay this is where my model's strength

is and these are the periods of time

when it doesn't Excel well but see

that's the problem with the industry

because they're never going to tell you

their personal weaknesses because that's

not a selling point that doesn't mean

hey you know this person should let's

let's subscribe to this guy's service

let's buy this guy's software program

this let's buy this signal service let's

join their Discord let's join their

mentorship let's join their

anything if they're not going to be

upfront and tell you where the strengths

are and where the weaknesses are and how

to cope with those things on an

individual basis that's not someone that

you should listen to and I mean that

wholeheartedly and you can put anybody's

name in that

statement I don't care who they are

because

you're going to get your ass handed to

you in this if you do it long enough and

how you're going to cope with that tells

the story of whether you're going to be

in for a long term or if you're just in

here just for a fling you're here for an

affair a short-term Affair and Affairs

generally don't usually work out

longterm you get something you don't

want

and I'm trying to teach my son how to

have a longterm term approach to doing

this and maybe you know he'll he'll

learn fast by doing it this way maybe

he'll go slower I don't I'm not

interested in how fast or slow I'm just

interested in consistently doing the

same thing and growing in understanding

because I know by default the time

aspect will do its job he'll know more

about himself he'll know what makes him

tick what is it that you're looking for

like what is it that you're trying to

trade on because and if you can't if you

can't draw out I did this in my private

mentorship if you can't draw out on a

napkin at lunch today pull out your pen

grab a napkin and draw

out with a a line

drawing what it is that you're doing to

be a buyer or a seller what is it that

you're identifying in price action that

your attention goes to in price what is

it that you're seeing before you PR

press the button and it's shocking to

see how many people can't do that and

then they wonder why they can't find

profitable trades cuz if you can't

articulate in a very simple line drawing

what it is you're trying to capitalize

on where your stop loss would

be where's your first Target and where

is it trying to go to if you can't

physically draw that out then how could

you possibly

articulate or expect expect to see it in

price action if you can't articulate it

in a simple line

drawing you ever think about it like

that for some of you you're thinking

well you know I I don't know I don't

really know how to describe it with a

line draw I can't draw it and that's why

you can't make money that's why you

can't keep a demo account without

blowing it that's why you can't pass a

funded account challenge that's why even

if you got lucky and you got a funded

account that's why you lost it and you

lost that funded account because you

don't know what you're looking

for and when we sit down to a price

action like this I highlight things that

I like to see based on numerous

models but if none of the models that I

like and can Implement are speaking in

terms of it's obvious this is what the

market is going to do right

now then I I have to sit

still and I'm going to let the market do

whatever it's going to do and it's going

to do it without me it's not I'm not

trying to make money off of it I'm not

trying to lose any uh

lose any sleep over having the right or

wrong expectation over the marketplace

because I'm live streaming in front of

you I'm telling you what matters more

knowing and identifying these types of

days if it's against the grain for you

as a

Trader anybody that makes money folks I

I'll just say it like this anybody that

makes

money would not look at anyone and and

if they were honest in social media or

if they're being honest in front of

you know someone in industry and you met

them for you face to face I would talk

the same way like I'm doing right here

if I met

you this is this is the reality but

anyone that makes money would never look

at you and be condescending to you or

say well you know you suck you know

anyone that does that type of stuff I

promise you they're not

profitable and they're wearing a mask

online and the ones that make money

would have a higher regard and respect

for you if you spent time articulating

not hiding not pretending it don't exist

where your weaknesses are as a Trader

and where your models are

weak because if you understand where

your model is

weak you can do things to

manage and avoid those conditions that

you have seen and measured by logging

and journaling and that's the benefit of

ding I've seen so many ass clowns out

there say saying I don't Journal that's

the stupidest thing in the world I'm in

here to make money show us you make

money these are the same people that

never show a trade they don't even

record it they don't show it after the

fact they don't do nothing but they

always got an opinion and the problem is

is because social media is so impactful

everyone because they're trying to learn

this and they're their confidence level

in themselves very low and if there's

someone pretending to be a very

hard like very uh

argumentative or troll or or something

like that or Troublemaker Just a plain

Troublemaker um when anyone comes at

them with any kind of adversity or any

kind of sharp toned response or say well

you know you suck or this that again

these are the same people that

absolutely are failing on every

level okay but you tend to have a little

bit more concern about those individuals

because you're in a you're in a moment

of weakness because you can't come back

at them and say I don't know what you're

talking about cuz here's what I make

here's what I've done and I'm going to

do it live today or I'm going to do this

tomorrow and I'm going to prove it and

let's see you do it and then they run

away they hide they clam up and they've

got nothing to

say but you end up taking the opinions

or the concerns that other people have

because they're

miserable and social media Fosters this

type of climate which is the most toxic

thing in the world for Traders

you're inviting people in a conversation

that never was

invited you didn't start trading so you

can impress everybody on the internet

that's just one sub little thing that

it's an addition to because you you want

to make

money that's why you're here you want to

be able to make money you want to be

able to capitalize on moves and price

action that

repeat and you want to be able to feel

confident when you do it but in the

beginning you're not you're not going to

be confident in the beginning

and everybody on social media is Waring

against other people I have own I have I

have students now that are trying to

talk about me because they want to

Garner attention around their mentorship

but they're teaching my

mentorship make that make

sense the point

is do not invite other people into the

conversation okay now obviously I'm I'm

allowing other people to hear my

conversation with you Caleb

but I don't care because these people

that listen to me they can talk

they can make videos they can do

anything they want okay none of

that's changing anything it's not doing

anything it's just putting a bullet

point list of everything they are weak

at they're watching my streams I'm not

watching their they're in here

learning just like you are and but

they'll never admit it because their EG

too inflated on no skill

they have no reason to be arrogant they

have no reason to be conceited or

self-centered they're

failures and they're the ones with the

biggest bark they're the ones with the

biggest mouth and they consistently are

being exposed as a

failure so don't invite any other person

in your conversations that's why the

comment sections are not open on these

live streams I don't want you seeing any

comments and there's a lot of them I'll

be honest with you there's a lot of them

that are encouraging you along and

they're being very thankful that that

you asked to go through this again and

that you made it where you are allowing

other people to to hear what I say to

you but there's two or three that come

in every day and they're in there

sucking themselves

off but they're from accounts with no

content and the accounts were just made

so that tells you that they're little

dick energy boys so

if you're going to look at days like

this and say you know what ICT says this

is not his cup of tea I'm going to go in

and make it my cup of tea guess what I

ain't got no problem D I did that stuff

in the beginning with Larry Williams if

he said he couldn't do something that

was like oh man I don't know where I'm

going I'm G that was my best inspiration

because he gave me a starting

point and all I'm doing by having these

live streams with you Caleb is to give

you a starting point on how to read

price action and then understanding when

to sit

still when to sit

still why does it make this why does it

make sense to sit still and when does

that change when can we anticipate

something that's

measurable okay um when we were trading

down here I wanted to see it trade up

into here and this Gap offer some kind

of a resistance because then that would

have indicated that all of this was

built in It's like a premium they pushed

price up and trap Trader there and now

it should try to retrace to a Deeper

Discount and remember I was aiming for

this down here this was my initial and

this is where my I still think this is

still plausible may not need to do it

today it could be a response to

tomorrow's data

um but once we showed this move outside

of here and we had this close right

there see how that closed above that if

I had a trade okay if we were trading

short

and I had used this area here as a

stop if it closed here I would kill the

trade I would not I would save the stop

because if it's if it's closing up here

chances are it's going to do what it's

going to come back down here and treat

this as support I'm not go back and

listen to the stream you'll be able to

see it in the recording I'm not

interested in being a buyer today that's

what I stated and I said I would have to

consider potentially seeing a stop that

would have to go maybe into this Gap

again and I'm not it wouldn't it

wouldn't make sense for me to have a

trade that like

that so if it's going to go up you know

it'll go up just by going into this this

Gap here and reach for this high and

then we went back out to a daily chart

and I show you the volume in Balance we

highlighted it and it went right to

consequent encroaching the midpoint of

that right

here and look how it's behaving

now off of a gap here that I said I want

to see that stay open did it stay open

yes it stayed open until we traded up

into that daily uh volume

imbalance

so I don't know why my girls upstairs

are barking like crazy but they must see

deer every time they see a deer they

like they want these things to bark back

at them and when they don't they go

crazy the

uh the times in which we can see price

action I'll just kind of like say what I

saw in a a statement yesterday from one

of the young ladies that are watching

these these lessons um I'm assuming it's

a lady the the photo on their YouTube

channel it shows a woman it's like a

meditation Channel and relaxation

Channel and they put up content around

relaxing and she mentioned in her

comment that uh she's she's just started

watching in February this year and she

likes the idea and the approach that I'm

using and teaching and she can see the

stuff panning out and and she's now

already made progress in a funded

account so and she mentioned how she's

encouraged because she's able to help

her her children you know and make her

ends meet ma'am I don't know your name

but I love I I was half tempted to

screenshot that and put it up and the

reason why I didn't do it is because

when I support the women in our

community and not just my personal

Community but when I when I support the

ladies

jerks and perverts always take that out

of context okay like for instance Tanya

she she reminds me of my daughter that

doesn't mean I'm sexually attracted to

my daughter okay but if you watch her

live streams in the chat window it's

very vulgar nasty stuff that goes on and

said to me and said to her and I

encourage her because she's a lady okay

and I don't want people coming to my

channel thinking that it's just a man's

world here it's not my best students are

the ladies

and it's it's still true my best student

is a woman because she doesn't have a

phus she doesn't have to measure up to

anybody she's providing and that message

that you left me and I read it is just

true and you mentioned you just started

watching me this year in February so you

don't know that I've said that in Years

Gone by where women tend to be better

Traders because they're not trading for

ego purposes they they don't win then go

on the internet and say haha look at

this they're not barbarians they're not

Gladiators they do this to

provide provide what provide nesting

that's what women think like okay men

are cavemen we go out we grab our club

we leave the cave GA and bonk something

over the head and drag it back to the

cave and we eat we feed our families

women don't think that way they have to

be much more careful and calculated so

if they're going to be out there then

for the family they're going to do

things in measured risk and they're

going to be cautious and they're not

going to go out there and Flash it and

say haha look at I just caught and

killed I'm going to go not take it back

to my house and and feed my kids you're

being much more prudent and your message

ma'am was so perfectly Illustrated of

the very thing I've said many times and

the men they take odds at that because

they think that it's supposed to be like

football like we're all supposed to like

the same football team or that ICT is

team

okay I'm a man ICT is not a a tribe okay

it's it's not a community I'm Inner

Circle Trader I'm that person and you

take this content and you make it yours

and you apply it to increase and and

build up your your net worth your legacy

you build a legacy for your family a

network that your children can glean

from and I just want to let you know

that I when I saw your comment I was

going to screenshot it and put on my

community post but I was like if I do

that number one it's just going to open

up another can of

worms I don't want people going through

your channel and then leaving you know

nasty comments because they're jealous

okay but just know that I I I read your

comment and I get a lot of them I get a

lot of them from from women and I want

to encourage the ladies

because sometimes how I talk it's it's

almost like locker room okay I don't

always choose the I'm trying very hard

today I don't know if you notice it or

not because when I ended the stream

yesterday I I told the Lord before I

started yesterday I was like try to keep

me from cursing like because I don't

like doing it but when I get one side or

the other on the Spectrum um I get a

little imbalanced in One Direction or

the other and then I'll reach for words

that I'm not proud of after it's done

and they're always in my recordings even

in the videos that you watch later on

that were pre-recorded I'm always

talking like that because I get animated

and then I go back and I say okay let me

say that again but I edit that part out

but when I'm live like this you

shouldn't be listening to me or watching

me when you're around your kids because

I'm probably going to say something that

I wouldn't want younger children like I

have my niece my young niece living with

me so I have to move myself away where

she can't be an earshot when I do this

because I know I'm going to use language

that I don't want her to hear so I know

enough that I shouldn't do it but I'm

human and I mess up so and I don't

usually use this language unless I'm

talking about

trading I can go all day long if I'm not

talking about trading I'll rarely ever

use these types of words but

because it Taps into a time that's very

Primal for me where I had to struggle to

get to to this level of understanding

and I had to go through a lot of

hardships and it wasn't easy for me so I

feel

like you know I'm back in that Arena

again so it goes along with it

and there's a way to do this without

doing that stuff and the ladies the

women in my community they tend to

listen better than the men and they go

through the motions of identifying when

I'm talking about where things are

problematic where they were problematic

for me um it resonates with them because

they don't try to hide their

Frailty they say this is where I'm weak

at and they don't they don't view it as

telling me it's a weakness and therefore

they they expect to fail on the basis of

that they say this is a weakness how can

I come you how can I cope or overcome

that or replace it with something else

and that's the reason why I talk the way

I talk because in my lectures I don't

want to just point to something

technically because having something

technically in the chart doesn't

necessarily mean that you're equipped to

do anything with it and then what

happens if it doesn't work out in your

hands what are you left with you you

have to you have to resolve

that some way shape or form and what are

you going to lean on your emotions your

frustration as I was talking about

yesterday

so anyway I I felt like I want to toss

that in there because I I get a lot of

comments and 98% of them are

either saying thank you this is

happening or telling me what they've

already learned and they're appreciative

of it the other portion is why isn't

there any comments

and or can you do Forex and I told you I

would mention and talk about Forex one

time but it's going to be towards the

end okay I'm not interested in trading

Forex but I know a lot of you are only

trading the asset class these things

still work there too so don't think that

it's just the one trick pony my my stuff

unless I tell you specifically during

the the lecture point that it's only

specific to one asset class um it's

Universal so just just think about it as

its time and price and price is price

doesn't matter what we're dealing with

if it's trading and it makes a chart

it's going to work off of this because

everything is algorithmic I'm just not

convinced that crypto is running on the

same wavelength let's put it that

way all right so uh anyway what you can

do is you can screenshot where we talked

about this level in

here and it created that little tiny

institutional order flow entry drill so

in your

notes you want to have um

whenever's a fair value Gap like

that that low all it takes is trading

one tick below

that and that when it does that that's

an Institutional orderflow entry drill

how would you use institutional

orderflow entry drill as an

entry well when you anticipate a gap

staying open but you think it may trade

higher in this case tra you trading up

to this area here so I drew all this out

here and I told you that I want to see

this stay open that means I don't want

to see the difference between this

candle's high and that candle's low I

don't want to see it trade down like

this in other words I I don't want to

see this type of

thing well I'm not sure it's going to

even let me do it

but well I don't want to see do that

like come down and completely lay over

top

of that uh that lower level line I want

to see it can come down into it a little

bit like it does here maybe even trade

down to the halfway point which is

consequent

encroachment but I don't want to see it

trade all the way down into it so if I

ever am watching price action and you'll

see this in the live stream so you'll

hear me talk about it where I'll say I

want to see this remain unfilled or left

open it's because I want to see it do

this very thing here and as soon as you

hear me say this this is where you write

this stuff down in your your notes folks

because you'll you'll hear me say it

again but for the folks that are

watching me do this for the first time

and they record it and then they hear me

say it again they it proves that it's

the same logic I'm not I'm not

cherry-picking things I'm not you know

making stuff up as I go it's the

same protocol all the time but there are

times where I want to see it close in

because I want to see it

fail that's something for your notes

too the inefficiencies that stay open

are going to act like real support or

resistance because this is acting as a

breakaway

Gap why should I expect this I know

you're thinking okay so I get it ICT I

wrote it down but why did you expect it

to stay open because I get this question

so many times and even in the lectures

when I talk about it like I'm doing here

I will still

see I almost said something rude now I

probably will I'm going to publicly

shame

you I'm going to screenshot it and put

now see you're going to do it now

because you want your name to appear in

my community but I was thinking I'm

going to shame you and uh and show you

that you're asking something I talked

about in the very lecture when I talked

about the very thing you're mentioning a

concern about which is I get this

question a lot how do I

know which fair value Gap won't fill in

okay um if we were in a a

classroom and I said okay raise your

hand if you don't know when to do

that most most everybody would probably

raise their hand and I get that same

type of thing in the comment section

they'll say how do you know that that

fair value Gap doesn't or won't likely

close in like what gives you that that

uh discernment what makes you say that

that you can trust that well we've

Consolidated like this here and my

attention was around this level here not

enough to take a trade but I want to see

does it repel this and start to break

down before I go any further on that if

it would have started the breakdown I

would have dropped down into a 15-second

chart used the fair value Gap and

outlined that down into the level I was

looking for

over here and then here but it it didn't

give me that retrace back to it and

break down because we're looking at on a

one minute chart then I could drop down

to a 15sec chart and use that and teach

on the price delivery Continuum Theory

so all that means is it sounds like

mumbo jumbo but it's basically

understanding one time frame and

breaking that run that you see beginning

on one Higher time frame in this case

the one minute chart I can drop down to

a 30 second a 15sec a 5sec chart and

find multiple entries in that delivery

while that price run is unfolding you're

getting lots of opportunities to get

involved in that move and still not

technically be chasing the marketplace

but there's a threshold at which you got

to stop and if you've seen my lesson on

pyramiding when to stop adding to the

the trade and making it larger

it's the same premise there okay so

you'll see me teach on it and next time

you're going to get next I didn't say it

again but I'm trying not to be too

redundant but there's enough redundancy

here to prove that it's the repeating

phenomenon in logic but why did I talk

about this staying open before going up

into this area here because we've traded

above the consolidation all of this

right here let me let me do it like

this all this price action here

we've traded higher since

9:30 here up back down trade higher

consolidating okay I don't like these

kind of days and I would rather wait for

more information or do nothing because

on a day that's showing me that it's not

trying to gate around too much it's

small and

compressed it's a lot of um stagnant

price action whereas when it does

finally move here outside of that

range we had the stops below here taken

out as I

mentioned and then we traded above the

high okay wonderful once it does that

that means we left this consolidation

did we leave the consolidation after a

stop hunt

yes so that means once we're outside of

this range and if we have a fair value

Gap those tend to be left

open so what does that mean you can feel

not today not on a day like to this but

you're going to see me talk about on

other days where there hasn't been a big

PPI number CPI number something that

effect where we move outside of a range

and we have the same element here this

is something you can go back and look at

your old charts maybe it's a trade idea

that you lost one or maybe you missed a

move or maybe you didn't know what the

market was going to do and you can go

back and look at your old charts and see

this here and you'll see that they stay

open t not all the time but most of the

time

if it's something like this and you

anticipate them staying open and you

have a Target up here that you think is

going to draw price

to you can put this candlestick's low

your limit order right at that

candlestick's low because then it only

takes one tick to get below it to fill

you long and then aim for your your

target now this is like a bread and

butter type setup where it's not a whole

lot of movement it's not a whole lot of

range but you can see we did trade all

the way to the top of that volume

imbalance on the daily chart so this one

for your purposes and exercise of

logging it you want to make sure your

charts all the way over the the whole

real estate of your chart you don't want

to have your charts like this Caleb

because if I start seeing it it's going

to drive me nuts the whole chart from

the beginning of the move down here to

the Target and make sure your chart is

really filled up it's showing you a nice

range that way you can see the prices

over here and it gives you lots of

places where you can write and annotate

okay

but when it's open like this you can use

institutional order for entry drills

which is a partial entry into a fair

value Gap that you believe strongly is

not likely to completely fill in now you

will see these setups form and you will

enter with institutional order for entry

drill as your entry model just like um

any other model any other entry

technique okay but it's a very specific

element of anticipating fair value gaps

that you believe will not close up or

fill in like like in here so if you see

those and I talk

about many times in my examples either

audibly in in like a review or when

we're watching recordings or tape

reading you'll hear me say I want to see

this stay open when I was doing Twitter

spaces and I was calling every

individual one minute candle I'd say

note

candle at 10:47 a.m. 1 minute basis okay

and then I'd say I want to see that one

stay open or remain unfilled that's the

equivalent of me saying when we're

watching it live down here I want to see

this one stay open I don't want to see

it fill in and it doesn't Okay that

proves there's logic there it's that

means there's something behind what

price is doing that's causing me to say

those things it's not me just pulling

out of my ass and just saying hey

you know I want to talk and and hear

myself talk I'm drawing your attention

to something that I know with experience

will most likely present this okay

contrast that with all of everything

else that was going on prior during the

the beginning of the stream I was in

observation mode I want to see this I

want to see that because if it does this

then I'll have more information I have

no Hardline fast this is what it's going

to do until we had that then I said I

want to see this stay open and we're

going to likely drw in the that daily

volume in balance is it something I'm

going to trade no I'm not interested in

being long but ICT it's moved up 30 40

handles By Me By Now why didn't you take

the trade because it's going against my

comfort level I don't want to take this

trade I I can I can make all the points

and handles I want just on Friday and

not do anything today tomorrow or

Thursday that's the benefit of knowing

that this stuff repeats

you don't have that you think that every

time you're is something forming in

price action and I'm talking about it

live something happens in your head

where you think this is the only time

it's going to work or this is the only

time that I have the opportunity to use

this information and I need to I need to

hear him say this is a buy or sell I

need him to tell me where the stop loss

because you think that there's nothing

else ever going to repeat in this like

this is the only opportunity and the way

you get past that is the doing what

we're doing

here like if if you stopped watching the

stream you come back later on because

you know you don't see any value in this

you clearly are not ready to learn

you're not because this is the part that

everybody has to do with me and I forced

my paid students our live streams or my

live stream that I was doing with them

was me doing this with

them and the first the first group of

individuals I had people

quit to the tune of like 150 people in

the first 60 days because they wanted a

signal service when I told them there

was no signal service I'm going to show

you characteristics in price action and

I want you to log them and you're going

to see over time certain things tend to

repeat and the things I'm referring to

in price action you're going to identify

on a personal level that it makes sense

you where other things you may not be

all that interested in and you filter

those things out and you work on

whatever PD array what specific

principle of the price action that you

see that is obvious to you it's jumping

off the chart that means that your

concern is around that very function in

price delivery and that is the beginning

Foundation to your model your first

model it may not be the be all end all

that you you retire yourself with it may

not be the thing that you make the most

money with it just means that that's

your starting

point so I'm forcing Caleb into fair

value Gap because that's what I want to

focus on and it just makes it easy

because if I got to go through this

again with them I'm going to do it where

it's more comfortable for me and you

know it's up to him to to keep

up but for everyone else outside of him

because he's my son I can exercise the

role of dad even though he's in his mid

20s I'm just going to say look I'm Dad

this is the way going to be you know if

we're going to do this we're doing it my

way and for everyone else just default

back to what I've said many times in

other lectures and mentorship uh

teachings is that I'm inviting you as

the viewer as the student when you come

here you you're not paying for the

lessons you do have to listen to things

that are

important and the main takeaway is it's

allowing you to find the best fit

technically out of all the things I

teach which one makes the most sense to

you not it doesn't diminish the

effectiveness or efficacy of any

anything else that I use or teach it

just means that you're going to cut to

the chase you're going to get right to

the point kind of what most people want

me to do when I'm teaching um if you

comment and say I talk too much you I

broom you in the comment section too I

never get to see your comments ever

again because if you're rude enough to

say like that you never get a

chance to have my attention so

for

you because I'm

so interested in teaching you every

facet to what it is going on in the

chart and how to focus in on what you

should be doing individually but me

having no impact on

that you have to be determined what it

is that you like I'm going to walk you

through this price run and show you how

many examples there are that you could

arrive at so it kind of gives you like a

baseline okay now I know what he's

talking about so now I'm going to start

doing those things and start seeing or

start seeing the the gravitation towards

one PD don't try to force yourself into

it because I said I'm forcing Caleb in

it so therefore that's the secret sauce

no you you might be doing something

entirely different and I and I'll show

you what I mean in a moment but for the

sake of the

discussion you want to be able to

present yourself with that

opportunity for you to pick what it is

that you see by Nature by the very fact

that you're watching price action and

I'm commenting on it and this is what I

think the price is going to do and this

is what it shouldn't

do when I say those things and and the

price starts to march to a specific

level and if you see something that I

teach as a PD array I'm probably not

going to key up a whole lot of interest

around it because I'm forcing Caleb to

look at the Gap hence this one running

to here that's the that from

here to here that's all I would expect

for

Caleb that's it and we waited

until 10:52 which is inside the macro

for 11 o'cl 10:50 till 11:10 there's

going to be a run on liquidity or run to

inefficiency I'll walk you through that

macro before I close this one but the

the idea is you want to see what where

does your

attention jump to even if I'm talking

about price action and I'm referring to

something your attention may go and go

right to something else that I teach

like it's an order block um a stop run

um like this here institutional order

entry

drill for for students of mine that know

what an Institutional Oro in drill is

like my my private mnship students as

soon as I outlined the fear value Gap

you're you're probably you probably

already saw that before I even started

mentioning it but anytime I say a fair

value Gap that or an imbalance should

stay open what I'm saying is this this

is for your

notes if it's something that's acting as

a premium array meaning that it's

trading up to it which is the opposite

of this because we traded up and we're

trading back down into it the most

sensitive area in that fair value Gap is

going to be the midpoint to the high of

it here which is this candle low so even

if it did trade down into it if I'm

wrong about it not staying completely

open and it trades down to the low it

matters not because I'm going to get

filled either at that candle's low or

just above the consequent cach or

midpoint between the candle's High here

and the candle's low so halfway in

between my fill will always be in that

area I am never trying to get a fill at

the low

end because I I've seen many times that

the market won't go down there or if it

goes down there it won't fil me because

of the spread

so I'm not trying to frustrate myself so

I want to get in with the lwh hanging

fruit opportunities of Entry the low

resistance barriers to entry that means

the easiest one that the spread won't be

a factor for I won't have to be perfect

I don't have to demand Precision okay to

me this is precise

enough knowing that if if I believe that

this Gap is going to stay open and and

have some measure of openness or that's

not completely filled in what am I

saying by default I'm saying that

halfway between this candle's

low and this candle's

High halfway point which is consequent

encroachment it's going to go no lower

than one tip below consequent

encouragement meaning that I have to

find a fill if I'm going to go long at

that midpoint to this candle's

low there's nothing wrong with going one

tick as your lemon order Above This

candle's low also that really assures

that even if you just book this price

low chances are you're probably going to

get a fill worst case scenario if it

goes one tick below it then you should

have no problem getting

filled but I've been in the market with

real accounts with limit orders where

the market has spread two ticks beyond

my limit order and it still did not fill

me and it ran without me so it doesn't

guarantee that you're going to get in

which is why I always try to use and

teach lwh hanging fruit objectives for

targets and the same thing happens for

entries we're looking for the lowest

resistance and or barrier to getting in

trade so what's if if we believe that

this is going to stay open

Caleb where would you place your limit

order to get in as a buy if you're

trying to aim for this volume and

balance as I

outlined before it traded

there is it going to be you're using

that low as your limit order or you

going to use one tick above it and just

feel comfortable with absorbing any of

that extra draw down being willing to

see it trade down to the low because it

could Spike down there and do that and

still still trade up there but your stop

has to be below this candle's

high so the risk is defined by okay

let's say it like this look at this

value up here okay right above where I'm

showing you my

cursor that low is 18931 even so your

limit order could be uh

93125259

ticks you got nine ticks four ticks

makes up a handle so it's that's nine

ticks traversing in price so you're

absolutely getting in

there so what is a low resistance

barrier uh entry approach to using that

institutional orderflow entry drill and

that sounds like a whole lot of stuff

sounds technical don't it technical

science how about that Anton Creo we're

not talking about technical science you

might not be talking about that over in

Goldman Sachs baby but over here it's

technical science okay

but I can't believe he just talked about

Anton he's here real so this entry model

here you have to anticipate expect and

welcome and afford yourself the amount

of draw down that could take place

because it could come down here and

touch the low of that but in my mind

because I've been doing it long enough

and you will discover this too over time

that the market is controlled

algorithmically and because of that

these types of events are true if you're

correct and let's just just go back on

that for a second no matter how you

trade before you enter a trade you have

a religion you have a faith based model

that what you're pressing the button on

you have faith that it's going to do

something because you believe it will

okay I don't have Blind Faith I have

data I have statistical probabilities

that over 30 years I've noticed these

observations tend to be more apt to be

correct than they're

not and I've transferred this

information and logic and process and

guidance to other people all around the

world in different walks of life and

they are able to take this information

and make money with it because it

repeats okay so if the markets are not

algorithmic then how do you explain that

these are very specific elements nobody

Chris Lor didn't talk about

this the guy he learned from doesn't

talk about

it it's not in books I mean it's all on

Amazon now with my name and logo all

over it you know repeating everything I

talked about in lectures like this one a

lot of things I said in this one are

going to be in books on Amazon but uh

it's probably going to be one of the

better books because if they do it

verbatim you're GNA have a really good

psychological book but uh that's it he

just gave me the permission to write a

psychology book I

psychology whatever

the lower portion of that Gap I'm not

interested in seeing it trade down there

but guess what I'm doing I'm I'm

affording myself the flexibility should

it do so it would not freak me out if

it's a day where I'm willing to be long

okay

so Caleb needs to determine if he's

going to use the low of that candle when

there's a likelihood of a gap not

filling and it trades down into it okay

the best fills are going to occur at the

midpoint which is consequent

encroachment to the high of that

Gap and the least probable fill is going

to be in the lower half because you're

probably not going to get filled why

because this Gap formed after leaving

this

consolidation so therefore this Gap

should

behave it should behave as a breakaway

Gap it's breaking away from this

consolidation see but the folks that

listen to me or watch what I do they

think it's either supplying to me

because I'm drawing rectangles and and

over certain specific candles and it's

not supply and demand because supply and

demand is a myth unless we're

talking about Commodities because that's

a real thing that's the grocery store of

the world there's real supply and demand

factors in that market but everything

else is it's not it's supply and demand

it's

controlled it's it's

controlled now I guess to some degree

Commodities are controlled too but

there's real supply and demand factors

with commodities there's really no need

to be buying a share of stock there's

really no need to be buying gold it's a

proed form of of money but that's

getting ready could to be zero too you

know when the Lord comes back and I know

you don't care to hear about this but

he's coming back soon when he does your

silver and gold is going to be cast in

the street because it's not going to

save anybody wealth wealthy people in

the last days are not going to be

comfortable they're not okay that's why

I claim not to be

here

so watch my personal YouTube channel if

you don't want to know more about that

but this leaving of that consolidation

you're breaking away from that if it's

not supply and demand that people say

I'm trading with they're saying that I'm

trading uh support and resistance so if

this is the resistance here Why didn't

it come back down and touch it because

it's not support and resistance that

makes markets go up and down the

elements of this inefficiency

identifying it as I mentioned in the

live stream it you'll be able to record

I not record you'll be able to rewind

the the stream when it's done when it

when the session's ended

um within five minutes or so usually I

have to grab a drink or something then

I'll go into the settings and I'll add

it to the playlist for uh 2024

mentorship if you if you have

uh bookmarked the playlist every day

when the live stream's done you can find

that live stream that was made that day

in the playlist in the order of their

you know production so that way you can

go back and listen to everything and and

do all your not take and whatnot but the

Breakaway gaps okay when I'm when I'm

referring to anything like this where

it's not likely to

fill that's your key that's your like

okay that means institutional orderflow

entry drill okay unless I say that this

Gap should stay open or

unfilled you're never looking at

institutional order for ingal that's not

the go-to now let me let me backpedal

just a little bit for the folks that

like this idea because you might think

okay well I'm going to use that as my

entry technique and even if it's a fair

value Gap that I may not say I want to

see it remain open there's nothing wrong

with that per se if that's your entry

model um if I'm building a position and

say this Gap is larger okay say it's a

little bit

wider I will use institutional order for

entry drill as my first entry six

contracts long and it May dig down into

consequent encouragment or the upper

quadrant and then I'll add four more and

then if I really like what it's doing in

there or if we enter in between uh like

say like this say it goes in

at um

10:47 say this time was 10:47 and then

at 10:49 it went down into consequent

encouragement and then at

1051 it trades down into one tick below

consequent encroachment I'll add five

contracts on that one even though I'm

underwater a little bit on the six

contracts and underwater maybe a tick or

two on the the trade that I added four

on that would be 10 contracts then I can

go in with a five lot when it goes to

one tick below consequent encroachment

with the same assumptions that this

lower portion is going to stay open I've

built in a

position okay but what I just described

you won't be able to do that with one

particular funded account company like

you can't add they call that averaging

in and it's just building your

position you

can you can avoid that by just simply

not doing this type of of of trading

just do one entry use your institutional

or entry drill as your only entry and

then add your trade you pyramiding in at

a higher place okay like this order

block here this order block and fair

value Gap here you know all all those

subsequent later and higher PD

arrays you can participate with that

particular fun you know what I'm saying

what company is I'm not going to mention

them here because I don't want to sound

like I'm affiliate or or repping them

and the only reason why I brought up top

step is because Caleb said that's the

one he's going to use okay so it's not

that I'm trying to funnel anybody there

that's not the point but I'm sure

they're probably tickled it I keep

mentioning him but you know if he has a

bad experience you'll hear about

it so uh

the the institutional order flow entry

drill is more specific to when we like

to see a gap stay open so if it does get

below that low and enters into it the

underlying assumption is is that you

think that this is going to somehow

Remain the lower half open okay some

portion of this gap between these two

candles isn't going to be completely

overlapped with sside delivery that

means the market moving

lower if this is not your cup of tea and

you can't see that okay then you would

be trading order blocks okay and that

would be this candle right there and

that candle right there and that candle

right there because all three of these

Candles Are All One odor block meaning

that this order

Block it's not just the last down Clos

candle before the run

up these three consecutive candles are

trading back down into this Gap that has

already been primed to price higher and

we're just getting one more visit here

and then it trades above it and it comes

right back down and digs into this

entire range

here see that so if you look at it like

this can you tell I'm having fun today I

was supposed to get out of here at 10:30

what time is it it's almost noon I had

some people complaining can you make

your videos shorter I can't watch all

this I can't help you man go watch

somebody else go learn from somebody go

watch the five- minute trainer people

and never make any money never learn how

to do it this this open

price all part of these consecutive

candles okay that open price is the

change in the state of delivery that

means the algorithm sees these three

candles and goes right to that opening

price what makes these three candles the

order block is because we have a fair

value gap down here the momentum is

shifted higher this should stay open

trades down and touches the top of it

and starts to move higher away from it

it does so okay when this

candles I'm sorry this candle's open

price when that is

breached that validates this order block

think about what I taught you yesterday

in the live stream how my entry

mechanism was for the initial entry in

six contract short on

inq the same logic is being shown here

just reversing it now

look at that opening price through all

of this back and forth price action see

that I'm not supply and demand okay I

don't give a what anybody else says

Sam sidon see seems like a pretty nice

guy the few video clips people sent to

me said you took this video

this is not supply and demand

I'm cutting through

candles I'm I'm labeling an order block

based on a supporting PD it's not a be

all Standalone type thing it's never an

order block is never an island of of

unto itself but when you watch these

multi-level marketing okay

these 20-year olds that talk like

me they talk like me and they promote

these ideas and understandings that are

incomplete because they don't know what

the they're talking about see here

we go again let me dial it back in

forgive me Lord I'm trying I'm trying

I'm

trying when you have this opening

price you want to extend that to the

right and then study how price respects

and and deals with it the Wicks are

always allowed to do the damage but look

what the bodies are doing the bodies are

staying in the upper

half of the bodies the bodies tell you

the narrative okay so if you take that

range it's do it like this let me let me

let me make it a little bit taller so

you can see what I'm referring to you're

getting lessons on order blocks and even

ask for it today some of you ask for it

but that's not why I'm doing it it's

just I feel like teaching

today so we have the body on the open

down

to this close on the lowest down closed

candle that range okay that range is

where the narrative is going to be seen

you're going to you're going to see what

if this is an order block these things

I'm going to show you right here they're

going to be present

okay extend that

forward the body stops right there at

that open but what does the wick do

trades

down this candle is up close it it

doesn't matter it doesn't mean anything

this candle trades down into the open

plus a ticker two and it trades higher

then we trade down again what is it

doing it sends the body into the upper

half between that candle's open and this

candle's closed

that red line look at what's going on

there where are the bodies of the

candles any down move back into that

range where are the bodies they're in

the upper

half so you don't have to sweat picking

the best best best entry if you know

what my order blocks are and you really

won't know everything about until the

books come out what are you release in

the books I I never realized that

writing a

book with I guess the community I have

and trying to get them to do what I want

them to do like I want to

cover the way I want to cover and

they're like well you know your your

your percentage is going to be lower for

this it's a lot of bickering back and

forth I want what I want so I understand

you want anything you You' take it as a

rag if I gave it to you because you just

want to learn the information but I want

I want my first book to be a specific

way so we're kind of arguing about what

they're willing to do and what I want

done and if it doesn't work the way I

want then I'm going to use another

publisher not that I'm going to be a New

York's seller's best list type thing but

uh what I want is what I want so the

opening price extend that through you

can see all the bodies are are working

inside that but the Wicks are allowed to

do the damage but they're never piercing

the bodies low see

that and then over here what time is

that

oh it's so good isn't

it isn't that delicious look at that

1110 what do you think's happening right

there the algorithm that most people

don't want to believe it opens it sends

the price down into that opening price

right there we're cutting through

candles

Sam we're cutting through it okay

there's no W off here but that opening

price that's the sensitive price point

and that's the change in the state of

delivery meaning that that right there

any return to that price and or into the

upper half of that consecutive down

closed candles and I know some of this

is going to be very confusing especially

if you're brand new because when we were

talking about Fair B guys you're like I

get this this makes sense but this is

just for the folks that have been around

for a while with me and they've seen me

talk about ICT order block and they

talked about it in other circles where

you know it's this it's always he talks

about this down closed candle but it's

not always this one but when he use when

he's using consecutive candles what's

the theory this is the first time I

taught this my private mentorship

students never seen this okay like I'm

I'm here to

teach if you don't want to learn you

don't you don't need to be here but you

can't deny that right there and the time

it's forming

Dave because it's all time time time

time so here is the first

trade and delivery inside of the fair

value G this is the PD

at 1050 the algorithm will do what it

will seek inefficiency or

liquidity okay well we have a gap it

could act as a breakway gap we expected

to trade down into it but not fill the

Gap in wonderful what time is that

actually occurring at 1052 does it meet

the criteria for a macro yes so the time

this is forming it meets it so that

means the market should start to

gravitate where to liquidity

here and where I took you to the daily

chart because if the Market's going to

move it's going to move to something on

the daily chart it's not just one minute

charts it's got to be some kind of

higher time frame premise then if you

build that in relationship to what you

see on the smaller time frames you have

the best of both worlds but the

inefficiencies on the daily chart or the

stops or liquidity that's being either

engineered or engaged traded to booked

to on the daily chart all of the things

that make the world go around in the

financial Market the the key premise and

levels are going to derive from the

daily chart it's the previous day's high

and low the previous day's high and low

in the last 3 days last week's high and

low the upper quadrant the midpoint and

the lower quadrant of that range those

are always the levels that you need to

have and that is not classic support and

resistance okay these are reference

points that the algorithm will always go

back to I don't give a if you're

talking about Forex I don't care if

you're talking about bonds I don't care

if you're talking about gold I don't

care if you're talking about um any of

the indices anything

that's that's what it's going to do if

it's running on an algorithm those are

your key reference points and you're

probably like man I can't wait for him

to uh put the recording up so I can

rewind that and get that again it'll be

there but here's the 1050 to 11:10 macro

and if you're first time viewer you

don't know doubt that means every single

60 minute

interval okay every s every 60 Minutes

every hour

okay at the top of the hour the Market

will spool it means it jumps and runs to

one of two things it will go to a

shortterm low to tap into liquidity that

it would be sell stops or sells side

liquidity or it goes up to a short-term

High which is buy side liquidity or

engage buy stops for the purpose of

introducing liquidity to the

marketplace or it trades to an

inefficiency to invite smart money

to capitalize on an entry right before

price spools to the liquidity so in case

you missed it the inefficiency I

identified as it was forming I said you

know I want to see this stay open and I

drew your attention to that volume

balance on the daily chart that's all

you need for a trade folks you don't

need to be in it doing all this you

don't need all that but remember I was

telling you like how it's just going to

keep marching around these are days that

you're going to get beat up and you

might know a lot of stuff you might be a

profitable Trader even using other

stuff but when you have these types of

days and you're trying to you know work

within it it can be very

frustrating so if you get one Victory

one little win Caleb and you identify a

day like this and you feel like it's

like man a hard

read take it and leave and don't regret

it don't look back don't even look back

at it to shake your feet off like you

know shake the dust off the of the

trading day and then leave

it but it's occurring at 1052 it's

treating them the inefficiency for what

reason it's going down there to offer

fair value for anyone that understands

the elements that I'm teaching you then

where does the market trade

to liquidity which is that high here

because when it drops down here the

highest high prior to that is here but

what's above that what I took your

attention to on the daily chart that

volume in Balance so from this candle's

low which is 18

18931

even to this candle's high for the buy

side 5150 so we have 21 handles or no 20

handles okay 20 handles that's enough to

do a trade for like a bread and butter

type set I can I can eat 10 to 15

handles out of something like that can

you I don't know but if you're not

confident don't do it so to give a

better

range that volume IM balance that shaded

in yellow that I got on the daily chart

the low of that we'll just ball poket

and say it right here that's 56 So it's

handles consequent encroachment eyeball

it 60 so we're looking at 30 handles

thereabouts to get the halfway point

which is right up here and that's

exactly what I said I would all I would

only expect that from Caleb so being a

buyer down here should he felt inclined

to do so and getting out at midpoint

here and maybe getting filled here

eventually

that would be the trade and then he'd

have to move to the sideline to be

content with

it the fact that it's a PPI or CPI

number today and it's doing this type of

behavior I'm not I'm not personally

interested in taking those types of

Trades even though clearly as I've

outlined it today there are some

elements that I can pull out and say

well here's a setup and let's watch this

but I'm not going to push the button

there's lots of things all day long that

I may be looking at my phone I may be

out about with my wife or whatever I'm

like okay it's going to do this and do

that but when it does it and it moves 75

handles 50 handles 25 handles like

they're they're happening all day long

but I don't feel like I'm missing

anything because I know how to find

trades tomorrow I know how to find

trades this afternoon I know how to find

trades in the London session I know how

to find trades clearly in the Asian

session like I I'm not I'm not running

out of yeast this Baker doesn't run out

of yeast okay and that gives you

confidence which sounds like arrogance

to somebody else that's struggling and

it's not my intention to make you feel

that way but eventually over a period of

time my students feel that same mutant

power that confidence and it makes us

sound like we're arrogant Pricks or

and again it's just other

people that are weak-minded they can't

accept the fact that some individuals

have their together and it's it

just feels uncomfortable they get their

feelings all hurt okay and that's the

problem with the day they they wear

their their emotions on their sleeve and

if someone's successful and they want to

share to inspire other people or you ask

them and they tell you what the reality

is and then you're like well I asked you

how you're doing and how much money

you're making and you told me and now

you're a dick you look at look at you

you're telling me how much money you're

braging you asked don't ask if you don't

want to know right don't ask don't tell

so at 10:52 we're trading inside the

time that means

every

hour a macro is

operation every single

hour

okay some macros are better than others

I'll leave that for the book but I've

talked about most of them already on

Twitter spaces and or other videos on

this YouTube

channel there are times where you want

to be using them and others you just

want to sit and wait that's not the word

go okay and this would be labeled on

your

chart

10:50 to

11:10 a.m. eastern time always Eastern

Time inside Center

all right and what we've done is we've

highlighted a time when the algorithm

that absolutely does exist it controls

price and nothing happens outside of its

control unless it's a manual

intervention and you'll know when

intervention is there because it's just

completely abrupt sudden forceful you're

raped basically the market doesn't give

you any chance of getting in it just

runs away one-sided and if you're in it

and you're other side of the marketplace

and you're offside you're destroyed

basically that's manual intervention

okay manual intervention is fomc look at

it look at it like that that's always

going on every single time fomc comes

out at 2 o'clock and at 2:30 both of

those things are manual intervention

they're absolutely controlled

demolition that is not organic that's

not buying and selling pressure it's not

an absence of buyers or sellers it's not

a void of liquidity it's a unadulterated

rape that's exactly what it is it's

destruction it's Carnage it's designed

to do

that and the sooner you accept that the

better you'll be looking at it and

trading after it forms but at 1050 for

the hour at 11 o' 10 minutes before 11:

and 10 minutes after 11 that's a 20

minute interval okay what occurs is the

market will seek either inefficiency

like this Gap here here or it will seek

liquidity if it's like say for instance

we didn't have this Gap

here okay say this this Wick touched

this Wick or the bodies touched there

was no separation between and not having

this One Singular candle traversing

between the previous candles low I'm

sorry High and the next candle's low so

there's no there's no Gap basically what

I'm

saying if that's the case then what you

would do is you would wait for the down

closed candle that forms in any

retracement here it has to run away from

it and then come back down like we're

teaching this order

block that would be what you would look

for but if there's no inefficiency you

have to use the the the order block so

either it's a gap or an order BL or a

short-term low so there is no short-term

low in here until that

forms but what's there the

inefficiency so there isn't a there's no

condition that has all three you know

what I'm saying like you're not going to

get a short-term low an order block and

a fair value Gap that can't that that

that can't occupy the same space in in

the time frame or chart you're looking

at it's physically impossible it doesn't

work that way so when students first

start hearing these lessons when I had

paid mentorship they would like well how

do I know this and what if

it once you spend time looking at it

they can't all three agree and exist in

the same place not at the same price in

the same time it doesn't work that way

it's two at best but never all three but

usually it's one or the other okay at

least one of the three so there's no

short-term low to be worried about

trading down below we do have a gap but

it happens to form after a break away

from all the consolidation that we were

monitoring and I was not interested in

all morning here and I mentioned that we

had these lows down here we swept below

that and I said okay

I believe that they're going to use the

fair value Gap that I mentioned here as

support they didn't really technically

touch it at all it was like one tick

away but it then displac above the

high this Gap forms after that break

away from that consolidation which is

classic algorithmically it's not classic

support and resistance because it never

came back down and touched that

Wick so at 1052 we have our first piece

of information yes price did trade down

in there yes it did not fill that lower

portion and any subsequent touch of the

fair value Gap high can be used as

support it should be immediate response

take off and leave it and trade to that

high but how far above that high can it

go you got to go to a higher time frame

reference point which is why I took you

through the daily chart to highlight

this volume imbalance it was the easiest

obvious level Above This High that's

inefficient because there's no way you

can classify

shortterm buy side liquidity on the

daily chart because you have to go

further up

so what's the first PD array that you

come to on the daily chart it's this

shaded area that I highlighted which is

the volume and

balance so from entering here at

1052 into this fair value Gap you have

all the way up to

1110 to see any new entry so all through

this period from here to here relative

to time okay this is a Time window in

other words this is what you're saying

in price PR action there's going to be

opportunities to be a

buyer at a discount array what discount

arrays do you

see institutional or ENT drill inside

this fair value Gap that should not fill

in because it's Breakaway Gap why

because it left the

consolidation okay then we have this

down closed candle does it repel price

after it does does it trade

above the opening price yes that

validates this down closed candle as a

block is there any down closed candles

prior to that candle immediately to the

left of it yes is there one prior to

that one yes is there one prior to that

one no so algorithmically the price is

called to that opening price because

it's the highest portion of these three

consecutive down Clos candles the

opening that's the price this is that's

the change in the state of delivery you

extend that through time how far do you

do it all the way till 1110

pray tell pray tell how the hell

all this stuff just happens to line up

all by time

first and price to the

tick there's no algorithm folks there's

no way they could control price like

this how could they possibly keep things

this

controlled 81 million votes my

ass but looking at this extend it

Forward tra right back down into that

opening price bang then it delivers

higher

if you're trying to get get on board and

you're trying to work with a macro

because a macro that 20-minute interval

is like a

supercharger for efficiency

and immediate responsiveness in your

entries that's not the mean that you

can't take trades outside of this so

don't think for a moment that I'm trying

to say ICT only teaches the trade in the

first 10 minutes up to the last I'm

sorry for the first 10 minutes prior to

a new hour and 10 minutes after the new

hour I'm not saying that that's the only

entry times I'm saying that as my son if

you focus on these elements of your

setups you're going to get the better

fills you're going to get the immediate

response by Price telling you yes you're

on side how do you how do you know your

own side when the market immediately

starts moving away from your entry and

never getting close to your stop that's

a wonderful feeling how do you how do

you get into trades that promote that as

a steady diet

time

time time is the most critical function

in price

delivery and if you can't see

that literally you're in denial you're

you're in

denial at this stage in the game after

me showing so much you can't see this

[Music]

there's no hope for you just just

believe it's all random and you know

don't ever watch my videos but the point

is you have the down close candle here

that we walk through the sequence of

okay guidance tells me that if this is

an order block the way you determine is

there a down close candle prior to that

one to the left yes and then does here

yes and then you don't have it here so

you use the opening price there that's

all their algorithms doing that's the

code that's what it does by time it does

this okay it touched here why why is

that important because this is the

framework that causes that

inefficiency this is where we traded to

the low of so to get this fill perfectly

it's got to offer one tick below it and

that's why it goes down there that's not

buying pressure that stops IT

there folks it's not the collective

Universe of buyers and sellers didn't

say Hey

listen today is my turn to be the buyer

I'm going to be low tick today

I'm low tick everybody else had a chance

to do it but it's my time I'm going to

be the buyer to get the low tick on that

candle think about the the the absurdity

of stating that the buying and selling

of everybody out there with all of the

that they look at on their charts

the things that they believe the last

time their elbow hurt you NQ went up 50

handles the last time they had gal the

the ndaq dropped 500

handles the nonsense the people that

look at the stars and the moon

and the the lunar sequence and says oh

yeah Jupiter's in retrograde and this is

that that has nothing to do

with these markets it literally has

nothing to do with it but they'll write

books sell courses and people buy that

and eat it up they'll eat it up and

ask for

more they'll cheerlead these people on

the internet and say they're so smart

look at the wisdom look at this sorcery

he can read the lunar cycles and the C

the Market is not giving two

shits about what the phase of

the moon is or where the planets

are you're talking about horror

Scopes horror Scopes okay I mean that

factiously I am not following the

sun moon and stars to pick a a

trade idea okay because it has no

bearing on it do full moons cause people

to be more uh

aggressive sure I believe in that but

when I read that stuff in Larry Williams

book how I made a million dollar tra in

commod last year and he was talking

about the effects of full moons and what

all that it was an interesting read but

I don't subscribe to it I don't believe

any of that

fascinating read at that time but I hold

absolutely no interest in it and I don't

believe absolutely at all that has no

bearing whatsoever on what price is

going to

do so when we look at Price like this

okay okay every

hour you should have an alarm or you

have vertical line now when I say the

vertical line

delineations this might be problematic

okay because if I do

that you may not see the colors of your

Wick where the high and low is so just

be mindful about what I'm about to say

here because if you're not going to set

alarms TimeWise like you on a clock say

hey look you know we're 5 minutes away

from the next macro what what time would

that be on your clock it would be 10:45

a.m. eastern time that means New York

local time every I'm saying folks if you

don't have this on trading view toggled

I don't care where you live your time

should be set to this all the

time all the

time doesn't matter where you are

graphically geographically around the

world this is the time that the

algorithm runs on

period but if you don't want to use time

uh uh alarms okay you can set up little

vertical lines

framing the macro at each top of the

hour okay so it tells you okay start

looking for a run to gaps or

inefficiencies or trade to liquidity

which one do you

well right here I'm sorry right here at

uh 1050 that's the beginning of the

macro so what what occurred right there

at 1050 we've already taken out relative

equal highs so we are engaging liquidity

what kind of liquidity buy side so what

is the more what is the more likelihood

of price going higher at that moment we

going

lower well we have the short-term low

that it forms and then trades higher

once more so we have buy side once more

the inefficiency below the marketplace

is where it it doesn't exist in here

all this run up to that high there's no

there's no Gap there all it's laying

over top of each other this Wick here

goes B Bak back to this this low so

there's no inefficiency there for the

one minute chart so what does it mean

sell side if it's going to go discount

to here and or what's that daily

inefficiency that's yellow that volume

imbalance we went down to it here we

rallied back up traded down one more

higher high and then D digs all the way

back down what time 12:00 so that's mid

macro it's like the first 10 minutes

entering the last half an hour or last

half of that 20- minute

period so if it's going to be reacting

reacting off of that and if price is

bullish where would it go to at that

that moment the price will spool where

to a inefficiency above that so where's

that at not here it's basically

overlapping there you have this one

which is a volume and balance which is a

smaller form of what this shaded area is

that's derived from the daily chart so

you can trade up to that it does that

handsomely it does this one here again

handsomely you have all of this here it

trades up to that there and then you

have the liquidity above that high so

it's just like riding or climbing a

mountain or rock climbing this is the

surface of the mountain you just drop

down to go into an area they'll start

going back up so you have to look at

that surface of that rock like a rock

climber and say okay where's my

footholds here

here all of this

inefficiency how can this inefficiency

be used it's a foothold it has to go

above it and then come back down in here

and then sends price higher again taking

out this high so price is doing what

it's using this time to refer to key

price

points and if you are looking for a

directional run it helps you frame that

every single hour it does this which is

why I used to brag about all the time on

Twitter I'd say look you know I can

trade every hour Candlestick every

single hour I can trade it and it's

based on this idea here okay um all the

stuff about 90minut Cycles I'm telling

you for the last time there is no 90

minute cycles that you can go out and

copy and do something with there's

people doing all kinds of

talking nonsense about it it's just a

measure of that that's the smallest

window of your trading time anything

less than 90 minutes you're not giving

yourself a fair chance because what that

does is it guarantees you're going to

get one macro very minimum you're G to

get one macro and if you know what if

you're knowing what the price is likely

to do because you understand how to read

price and you also understand a

directional draw on where the market may

send price that means what do you think

the daily candlestick's going to do what

do you think the session's going to do

what what is the weekly chart reaching

for these are all things that we taught

in previous mentorships that are being

you know rung back in here because we

spend enough time on a lower time frames

proving that you don't need to see all

the other stuff but to get a better view

holistically incorporating the higher

time frames weekly and daily you get

much more information which makes your

trade decisions a lot easier and

better so you can see how these elements

of time they're crucial they are

supercharged

for anticipating price runs and how they

are to behave how they how they function

what are the what's the mechanics behind

why a price run takes place that was

what I did a lot of study in my 20s I

wanted to know what repeating phenomenon

were there and all of these price runs

and back then I would be in trades where

the market would just take off and start

trading

one-sidedness and I would go back

through and look at for looking for p

patterns from the book technical

analysis on the financial markets by

John Murphy and I couldn't see anything

in there because he was teaching support

and resistance so why was these prices

going down to specific levels that were

completely by

themselves they had no they had no Rhyme

or Reason to why it did

it and I collected and I collected and I

collected and I started seeing these

repeating phenomenon and I was obsessive

about reading price studying I wanted to

figure this out I had to know it it

was a physical problem for me like I it

was consuming every aspect of my life

and you can hear it I mean I'm I'm I'm

here it's two it's 20 minutes after 12 I

was supposed to be out of here two hours

ago but I I'm this is my life this is my

passion and it's my baby so I I want to

brag on it because she does exactly what

she's told to do and there are times

where it can be messed with it can be

tinkered with it can be dis disrupted

okay and when you see those types of

things and you understand what it should

do and it's not doing that that's the

clearest thing I can say that tells me

I'm not doing something in the market

that

day and I can't make it any easier or

planer than that so if it's telling

me very clearly that it's trying to do

something based on time first it's

reaching for a pool of liquidity or

inefficiency above or below the

marketplace then it's going to keep

doing that and either I'm on a trade or

I'm not going to be on a trade and if

I'm not going to be on a trade I don't

care all of this price action these

types of runs here these are not these

are not important to me they're not

interesting to me they may be

fascinating because I'm outlining it to

you and why the things happen and how

all stems from that first run out of

that consolidation from earlier in the

day and telling you that you know if it

goes higher I I'm not going to be a part

of it and I'm okay with it but there'll

be certain aspects to it that I can see

that

are synonymous to what we look for for

algorithmic trades look at the

difference between like see how we have

1150 to 1210 here I'm going to do the

same thing for the

1110 to

[Music]

1050 okay so in between these two

vertical lines here the purest cleanest

delivery

how price will spool now think about

like I gave you the analogy last week if

you're a fisherman and you cast your

your your lure on your reel you cast it

out and all that fishing line starts

spooling off the Reel as the as The Lure

and the weight and the hook gets further

away from your Rod as you cast it out

that spooling that that leaving of the

Reel as this this fishing line comes off

that that's what's occurring here it's

spooling off of it running away as it's

being Cast Away from the rod okay look

at the difference between in between

1050 and 1110 which is what I'm teaching

the algorithm

does the real runs start in there and

then after 1050 price can still advance

but look how shitty it gets all of this

all of this all of this all of this and

then suddenly what happens the algorithm

starts going back into what it does

following its code at 1050 10 minutes to

we get run on liquidity back down into a

discount sell Side

Run can you see

that and this is this isn't the most

obvious examples but even on a shitty

day like this you can clearly see

something's going on between this time

window of 20 minutes and it I want you

to study your charts like that on a one

minute chart on a 15-second chart even

if you don't have the ability to do the

15-second chart now it once you excuse

me once you get to the point where you

can afford to do so then then obviously

collect it um if you have friends that

are you know training with you and they

have the ability to do 15-second

charting share them you know share the

chart with them you you're not you're

not giving them real- time access you're

giving them something that's already

happened but this is something that you

should be observing and studying because

I've taught about this and people have

tried to make courses around it and they

have no idea what the they're

talking about they've rooked people

they've scammed people because of

something I've said and they used the

buzzwords and they claim that oh this is

what it's doing and they talk about all

these other macros that aren't

macros they're not macros this

is your macro this is this is what they

are right here

now you do have a midnight to 1:00 in

the morning

macro you do have a final hour of the

day three macros I've talked about them

for Indy

trading what you do with them and how to

use them and when to use one over the

other that's what's going to be on the

book I've already taught you a clinic

today on Macros if I ever stopped and

never mentioned mackers again I have

given you such an advantage I've given

you a baseball bat okay that you could

walk out there every single day and

smash something if you have a general

idea where the is likely to go that's

the that's the first and foremost lesson

though which is why I've been beating

into everybody's head and when I teach

knowing where the Market's trying to

gravitate and draw to if you don't have

that everything else is going to put you

offside and you're not going to do well

and you'll be frustrated but once you

understand where the Market's likely to

draw to and it has range what's range

it's got to at least be able to move 10

hand I'm sorry 20 handles because at 20

handles I can get 15 handles or 10

handles from that so if I'm if I'm not

confident that I can see a very simple

price run of 20 handles it's going to be

one-sided it's going to be timable where

I can go in and anticipate it

occurring then I'm not interested in

taking the trade and I don't care how it

trades and keeps moving and moving and

moving I don't care about that because I

know that there's going to be technical

days that's going to be like this that I

don't care too much about and for people

that are brand new and they think well

you know look this thing's been going up

the whole day he should have made this

and should have made that I'm not here

to prove trading I'm here to teach my

son how to start being able to determine

where the Market's going to go and where

to avoid where it's not likely to be so

easy to trade and navigate in you're

going to tell me all this stuff in here

all this stuff was in here perfectly

clear to you every little tiny little

fluctuation I guarantee you if you were

in a trade every single instance where

it was dropping down your was

puckering but you're going to talk about

it after the fact I'm not out here after

the fact I'm outlining it and giving the

logic as it's happening

so it's up to you to test this

theory in your charts log it and then if

you don't see where the Market's

referring

to befor hand there's no there's no

shame in getting getting the information

after the fact because hindsight's 2020

and every doctor every surgeon every

lawyer every professional every

pilot everybody sred learning their

trade in hindsight they looked at

hindsight examples everything has to be

started from the basis of hindsight and

why people pretend that looking at

hindsight moves and studying price

action like that is not beneficial like

you're going to somehow learn how to do

this without doing that they're full of

and because most people come to

this industry chomping at the bit to

hurry up and run and make money and

they're impatient that's a huge Market

to tap into I could Rook all of you

easily easy easily if I wanted to and

flee 95% of you

immediately just by saying I'm going to

give you the secrets to the macros and

here's the course sign up to it it's 560

bucks and you only have this much time

to join up and once it's done I'm

done and not have millions of

dollars thrown at me again because

you've seen enough okay you've seen

enough to validate the things I'm

talking

about you watch me call it live you

watch me explain it even though it may

be at a level of detail and Pace that

you don't like but you can't argue the

fact that I can see this before it

happens and I can tell when I don't want

to be a part of something and if I say

this much and I give the buzzwords and

other people know that wow there's going

to be people that want to buy this

and I'm in a country where nobody can

come after me if I scam them so all I

gota do is get them to send the money

one time if they never pay again I don't

give a I can pay my bills I can

live I can

eat and unfortunately I've had a lot of

people all around the world in third

world Nations scam individuals in those

third world Nations and lie them saying

I'm in ict's mentorship and this is what

he's doing my private mentorship people

barely get from me because I have

leakers in there once in a while I'll

hang out with them but

no so if I'm going to share it and teach

it I'm going to amplify on what they've

already learned which works because I

have students that have made millions of

dollars find your Mentor online selling

$200 courses that they any millionaire

they made none okay they've made

and they're watching this live stream

right now hi Patrick so if you're

looking at this as a basis of finding

when the moves begin or where they

originate this is one of the easiest

ways that you can frame out your

hindsight moves and start studying them

and then by going through the process of

reading all this stuff okay notice how

candlesticks in and of themselves that

are down closed candles okay if if order

flow is bullish okay for the take a

benefit of you know the hindsight that's

it's available here obviously the market

wants to go higher and we can see that

it's done so but where are you keying up

your interest in this because if you're

trading outside of the 1050 to

1110 I'm

sorry 1150 to 1210 and 1050 to 1110

intervals you're you're demanding that

you know a whole whole lot more than you

probably do in your skill set in your

progress of of learning how to read

price action what I do is I'm putting

your focus inside of these specific

Windows of time where the setups will

absolutely be there you might

get the direction wrong because you have

not done enough work in determining

where price will be gravitating

to you understand like there's a certain

measure of responsibility on your part

like you still have to go back to square

one which is where is Price being drawn

to if your models don't start with that

first foundational premise everything

you do after that or apart from that is

likely to fail and you won't have the

courage to stick with any trade idea

because any little fluctuation and

return back into this right this rally

up these are all ugly retracements

they're all shitty retrace

I don't like price activity like that I

like price action that has none of this

it where it runs and creates very

obvious one point of inefficiency a fair

value Gap a buy side imbalance sell side

in efficiency or a sell-side imbalance

buy side

inefficiency it's easy for me to read

that it's it's very very easy to do that

and my students that know how to read

the price action and things I've taught

they can nod their head and say yep

that's that's all I do if it's a a day

like think about it like this

imagine all these candlesticks are cars

and trucks and tractor trailers on the

highway and the highway is from this

Candlestick here to whatever this price

is up here say you had the foresight to

know that from here to here it's

probably going to keep going up okay and

this this time of

day

is 3:00 in the morning to 5 o'clock in

the morning

in your local time in your local time

okay and then this right here is like

8:00 to 9 o'clock or 7 o'clock to 9

o'clock when it's rush hour when you

can't go nowhere everything's

jammed to the gills you can't do

you're sitting out there cussing and

wishing you weren't there I should have

called out of work today I should have

wish I would have left earlier I should

have got gas I'm G to run out of gas

there's a accident up here I

can't get past these people they won't

let me get past nobody's letting me

merge on you're dealing with everybody's

dealt with that before right well look

at all the congestion even though this

move has been going up look at the

congestion of back and forth back and

forth you seen the same guy or woman

that's tried to cut in front of you and

change lanes 15 times and she's still

within two car lengths of you and she's

cussing and ranting raving you're and

you're worried about not letting her get

in front of you or letting him get in

front of you and they never find their

way any further up the road that's

what's going on back here all through

through here and then all of a sudden

you get to 6:00 in the evening rush hour

in the evening time is over so the the

traffic gets cleaner and then all of a

sudden boom it starts running because

there's no congestion there's nothing

slowing down the progress of price

delivery if you're going to trade in

environments like this well you're going

to do something I'm not interested in

and I can tell you right now nobody

gives two shits about wanting to trade

in this kind of mess here nobody's going

to put lipstick on this pig and

say how pretty is that you're not gonna

get it nobody's nobody sees this and

says wow that's sexy I don't give a

how much money you can prove after the

fact that you made you're never going to

convince people that this is the right

place to be trading if they know

anything about reading

price contrast that with when the

Market's running real clean you have

nice run UPS obvious inefficiencies

there's gaps there and then it pulls

back into those gaps and you can reason

expect that it's going to be bouncing

and trade to another premium array and

then you can judge whether or not if

it's going to stop there and go lower

you can swing trade it this is not a

swing Trader

Market I guess it's probably would have

been better for me to say it that way

earlier I was trying to figure out how

to articulate what I was saying I like a

swing Traders environment in intraday

because I can buy and sell buy and sell

go short go long and in the same trading

day in the same trading session in the

same

hour so if I can't do those types of

things if I can't be like Spider-Man web

swinging back and forth up down up down

that's usually an indication that I'm

probably not in a market environment or

session that is conducive for me to be

comfortable can I squeeze something out

clearly as I outlined over here I could

have very easily pushed a button on that

and said see here you

go but I'm practicing what I preach and

what I live by if it's a condition that

I don't like I'm staying out of

it why why am I in the past I've done

things like that where I said I don't

like this and then all a sudden I'm not

going to trade then I go out there and

trade and make you know 150

handles that's because of some

leaving a comment saying oh you can't

trade today because blah blah blah and

then I got and smoke them and I do their

whole three months of whatever whatever

they pretend they did I did it in one

day but because it's my son that's the

real target audience here I'm practicing

what I preach because I want him to do

those same things I want him to be

humble I want him to know that I've made

mistakes doing these types of things and

also where Dad has a little bit more

difficulty using these like this as a

canvas to operate in I can paint

whatever I want in terms of the the the

hall or profit objective I want for the

week I don't have to be in every day

seeking to do it so I want to be

aware of what I'm saying in in the

presence of my son's attention because I

don't want him to gravitate to the

things that seem sexy attractive

actionpack that way it draws attention

for the sake of drawing attention I want

him to be

bored when he does this not that he's so

bored he doesn't want to do it but

because he's not influenced by fear and

greed and that's a very delicate thing

to balance and I didn't know how to

address those things when I was

20-year-old but was teaching then and I

wasn't prepared to be a teacher I didn't

know enough to be teaching but I was

charging people money in my 20s because

I had initial success that was

completely blind

luck I could not do what you're able to

watch me do today

then I couldn't do it then I can do it

now and my maturity and my Affinity for

other people and concern for other

people because I harmed myself with

these markets too it hasn't always been

good in my 20s it was a wreck it was bad

it was really bad but I want my son to

be spared of all that and he can take

all the advantages and the painful

lessons I learned and do the right

things speed up his learning not that I

want to make it faster but this is the

way you speed it up it's the only way it

can be sped up the learning curve is

shortened by you learning initially in

the early stages how you're going to

probably mess it up and 90% of those

things are you

yourself you're the Catalyst that causes

those things it's not poor information

it's not incomplete lectures it's not

Concepts that don't work it's you doing

things that were not taught to you

you're you're trying to reinvent it

trying to do something something

different or you're not following the

rules at all

and if you can't do those two things you

can't reasonably expect to be able to be

productive and profitable in your

learning or eventually being profitable

in terms of making money because you're

not doing all the things you're supposed

so tomorrow um we're going to talk a

little bit about turtle soup I was going

to talk about it Friday but I lost my

train of thought and because my son was

sitting next to me and and it's just it

it wasn't a good it wasn't a good fix

you know I had limited time I wanted to

leave early anyway and it just it it

didn't work out so tomorrow we're going

to talk about uh turtle

soup and and reversal patterns you know

around that same subject matter but uh

I'll I'll give you my view as price is

you know real time producing its runs

too but the main focus tomorrow is going

to be teaching uh Turtle suit so it's a

reversal program it's a reversal

uh pattern idea it's a methodology for

capturing reversals

and I think you'll enjoy it there's not

a a great deal of moving Parts but the

logic is very simple and when to look

for it when not to look for it kind of

like I spent a great deal of time today

highlighting

personal

um attributes about days like this where

I'm comfortable being in front of you

telling you that it might go higher but

I'm not interested in being in this

market because I know that this One

Singular candle isn't the entire

capsulation of my trading career it's it

doesn't limit my opportunities because

this is the day that I'm watching live

with you just look at what we were doing

last week look at what we were able to

do yesterday so unfortunately when I do

live streams and or I talk about price

action live when I was on Twitter

calling every individual Candlestick

before it happened and what it would be

reaching

for the idea is that well

ICT is always in there every single day

killing it every single day and I'm not

many times if it's around a report day

like this if it behaves like this I

won't touch

it like I'll talk to Traders online you

know everybody obviously has my phone

number because it's it's public

knowledge and I have students that

shared it and I have people that trolled

me and sent me not not nonsensical

the uh but I do communicate

with you know people on the internet

that are Traders and are YouTube tra uh

YouTube uh Traders live stream and

whatnot and you sometimes we'll check in

with each other think how how' you do

today what' you do today and or I'll if

if someone had a good day I'll

congratulate them or if they had a bad

day I'll say you know what would you

like to do differently if you could go

back and and do that now obviously I

wouldn't come out of the blue and send

that to anybody as a first text but yeah

I I've I believe I've built a rapport

with certain individuals

and they're very cordial with me they'll

say well you know I I I did this or I

didn't do this and I like seeing that I

like seeing that they're flexible enough

to say you know this is what I would

have liked to do differently but they

don't beat themselves up about it I like

that and if they try to I kind of R

reformulate their statements in a matter

so it's like yeah I get what you're

saying but say it like this that way it

doesn't feel like you're you're whipping

yourself in the in the

Woodshed but anyway this is one of those

lectures and and lessons that I honestly

would have paid money for this

like I would have paid money for this

and if I would have paid money and I had

sat through this today I would have got

my money's worth and more because having

gone through initial stages of thinking

I figured it out when I was 20 and then

losing my ass and then not knowing what

it is I'm supposed to be feeling or how

to identify

certain times of the market where I'm

not interested in trading and I have no

shame in it there's no ego I don't have

any there's nothing that I feel as a

embarrassment saying this and I

hopefully have disarmed many of you that

probably feel

like that's bothering

me it feels like you know I don't want

to admit some Frailty you I want

everything to be like you know I'm I'm

Superman like I have new weaknesses but

everybody even Superman has a

Kryptonite and the sooner you warm up to

the idea that you're not expected to be

perfect and you don't have to trade

every single day that is such a very

liberating frame of mind it's very

liberating to feel like you know what as

a constant reminder before you start

trading you should write it down in your

pad that's next to your computer not on

your screen and remind yourself if it

doesn't feel right and if it doesn't

look right and if I don't recognize it I

don't have to

trade and if live streamers did that you

wouldn't see them lose as many times as

they do and there's nothing wrong with

losing I'm not making a a sharp pointed

statement but I believe wholeheartedly

in the ones that I talk to know what I'm

saying is exactly what I've talked to

them about they do things many times

times because they sat for a long period

of time and they have an audience and

that audience is in the chat window and

they can say they don't want to look at

every chat but the times they feel

uncomfortable because they know they

haven't pushed a button they haven't

done anything they haven't explained

anything they haven't called something

before it happened they know that the

the natives are getting

restless they want to see something they

want to see something they've been there

they've invested their time watching you

listening to you looking at your live

stream and what have you done in their

mind you've wasted their time no they

wasted their

time any of you sitting here today if

you didn't get something from this you

wasted your time I didn't waste my time

I've invested into my son with things

that are absolutely grounded in making

or losing real money based on real

executions and the lessons I had to

learn

painfully

painfully and it took a lot for me to

wrestle myself into submission saying

okay if I see these things I'm not

trying to prove myself in these

conditions I'm not trying to do that I

don't need to do that in the past I've

hurt myself doing that so I want to

focus where I

shine I want to be visible when I know I

have all of the things in my

favor and if I choose to operate all my

trading like that guess what that

does it refines you as a very mature

your principal oriented investor and

Trader that means you're not out there

just pushing the buttons for the sheer

Gamble and thrill of it you're weighing

out all the ramifications of your

decisions you're not limit you're not

limiting it to just the dopamine hit if

you did it right are you really

following a

model because if you have a model that

you're following it's going to have

certain measures of criteria like we're

talking about here there has to be

something that frames a day that you are

not allowed to touch it cannot be open

season every day so to people that say

every day is a trading day every day is

a profitable day you're listening to a

gambler period okay they're training you

to try to go in there on every

instance every instance every single day

because the Market's trading therefore

you should go in there no should you be

in there engaging and studying price

every day

absolutely but you should not have the

mindset going going in you don't know

what you're doing you've never been

profitable you're learning you should

not have the expectation of going in

every single day no way absolutely

not no

way you're setting yourself up for

unrealistic expectations never being

met and I know that isn't sexy to say

those types of things but it's the

that's the Sound Logic that a new

student should adhere to in the

beginning

and then when you when you finally get

your model you may have another model in

addition to the one you subscribe to and

use predominantly but you'll

have a very specific routine that you

use if it meets the criteria for trades

then you'll take it when you take a step

back over years of doing it you're going

to look back and say you know

what that old was right he

was talking truth and I didn't want to

receive it then because I want to trade

every day because everyday Trading is a

legend is a

goat I'm not trying to be a goat I'm not

trying to be a legend I just want to be

consistent and I want to live my life

and know that what I'm doing isn't going

to drain me emotionally and

psychologically I'm not gonna have

regret I don't feel I don't like

gambling I hate gambling if I liked

gambling I would play cards and I'd

probably win because I know to I can

count cards I can I can run the cards up

I can stack a deck I can do all that

kind of stuff I have built in advantages

but I don't want to

gamble I don't go to casinos I don't

play the Lottery okay I don't do

none of those things I don't do that

stuff but I do very boring things like

watching these candlesticks behave at a

specific time of day in an environment

where it's conducive for it to be

recognizable that's

it and if you can't let the market pass

you by

and you feel like man I'm missing so

much that's highlighting impatience and

greed and those two things together

they're

deadly and you have to master them

early and that means by watching price

and giving yourself permission I'm not

going to try to trade even if this thing

keeps going I don't care because the

visibility is beyond just today

Caleb will not be able to trade every

single day his job won't allow for

that so A lesson like this helps him to

ground himself knowing that okay just

because the market is trading and just

because there are fluctuations in price

and it's moving doesn't mean that I have

to be in that day because his schedule

his

workload something else happening May

prevent him from doing that and I don't

hear enough of that talk by these pseudo

mentors these Educators everything's go

go go go go everything's maximum maximum

maximum everything is trying to make

money make executions make trades get

payouts not realizing

that these same individuals are making

money off of you doing that and not

being successful because every single

time you use an affiliate link they're

making money

and I mean that not to be vilified not

to you know throw hate at them I'm not

throwing shade or anything I'm just

making you remember for a second if the

if the constant reminder is go go go

baby well don't be surprised when it's

gone in 30 seconds and you have to pay

another reset

fee it's a built-in Advantage for that

it's a built-in Advantage for anybody

with an affiliate link to get other

people to do

these very poor choices go out there and

trade I can teach you how to trade in x

amount of days three months four months

one month one week one week Workshop one

one weekend spend a weekend with me and

I'll teach you how to

trade come

on at some point you going have to take

a step back and say okay where's the

where's the motivation

here if I had an affiliate link with

people any one of these brokerage firms

and they've most of them have asked me

and I'm like no I won't do it can you

imagine the influence that I have and if

I said listen here's the affiliate link

I could probably make millions of

dollars doing

that and I'm not here doing that am I

I'm spending time I read a comment from

a young man I do need to cut off here

because I gotta get something you

haven't eating today

um he says you know what I like

listening to you and I love your long

ones because

it feels like amma's Dad and I'm talking

to him like like a dad and it's because

I'm as I'm talking this stuff I'm

picturing my kids and I'm picturing

Caleb as I'm obviously doing these live

streams because that's my target

audience

but I liked his comment where he's like

I like the fact that you are spending

time I'm I live comfortably okay and

when I said last week that I'm a

millionaire that was not me bragging I'm

just reminding folks that I don't have

to go to a job I don't have to do any I

don't need to trade ever again like I

never need to do this ever again I don't

ever need to press a button and hope to

make money I don't need to do any of

that

stuff but he says something that I've

said this many times in passing when

people would be upset with me because I

wasn't doing enough um he stated that

he's thankful that I'm in a position I'm

in and I don't have to make this

available to you like I don't need to

spend my time in front of you

but I I think you can appreciate that I

enjoy it

right like I love doing this like I love

it and really I'm not getting a lot

there's the ad Revenue that's not a lot

like it costs a lot of money to live

like I live I spent $30,000 on my lawn

in the last 45 days because of the

drought and the things I wanted to get

done had some lighting put around

outside the house that's

$33,000 I spent

3,000 plus of it was just basically

paying for the the lawn care each week

but everything else was stuff I was

being that's been done to my

home okay I I spent over

$100,000 in the last what nine months

just for things for my

house and my wife is constantly looking

she's constantly looking for that

we don't need okay so I I don't need

this

for money but I do enjoy doing it and

once I start doing it because it's my

whole life I enjoy doing and I want to

pour myself into it and because I want

my son to have every aspect every subtle

Nuance that's why it's here so when you

send me comments for the few little soy

boys that do this say you talk too much

you talk too much for a grown man I

broom you because you're insignificant

you're a nobody that's never going to be

successful at this because you can't

appreciate complete understanding being

shared with

you you can watch everybody else out

there they're not they're not going to

explain to you why and when it's going

to happen you're not going to get that

they might get lucky once in a while

chasing a momentum run but you're never

going to hear them explain beforehand

why it should do this and it be this

precise you won't hear them explain why

they don't like a certain Market

condition because that means you're

going to be doing little or less or not

watching them them I don't care if you

watch my stream I don't give a I

don't care if this viewership drops down

to one because that's my son

watching he asked for this I didn't ask

for this he asked for

it so I'm pouring myself into

this and he'll tell you if any one of my

kids were to be candid with you and say

look we don't like asking dad questions

because it's going to take an hour for

him to explain so it's not just

this if I know something I'm going to

make sure you you had enough interest to

ask me knowing full well that I

am a mouth I will talk and talk and talk

and talk not because I like the sound of

my voice but because I want you to know

that you

know you asked if I understand it and I

know the question and then I know the

answer to it I'm going to pour myself

into that you're going to know you'll

never need to ask that question again

but now he's asked about trading and the

markets so yes Virginia we're going

around the mountain the long way

okay because I want him to know

everything because tomorrow is not

promised to me I could I could be taken

out of here tomorrow Lord says you know

what it's done you don't even get

tomorrow you get today that's it he

could take me right now and then he's

only got everything I've ever recorded

in all of my journals and those journals

are not going to be decipherable by just

reading them I can place them in any one

of of your hands and you're not going to

understand because the the language

that I'm using in it is not something I

taught to you or anyone

else so it's it's not something that is

an easy download and it's there he's got

to go through the same growth that any

one of you have gone through the

difference is is I'm not holding back

anything whereas hell I've held back a

lot because it's been abused it's been

marketed by people to make money some

ass hat still trying to sell mentorship

videos when it's still right here on the

YouTube channel for free and the people

that paid that person are stupid they're

stupid like if you're literally

paying anything for any smart money

Concepts um ICT related anything if

you're paying for that you're an idiot

like I'm literally here right now

teaching over live

data and I've uploaded the mentorship

videos on on the YouTube channel they're

in the playlists

I don't get it and there's people email

me every day can you can you do another

paid mentorship why I'm doing more than

I did here than I did for

them let it sink in I'm literally doing

this with No Reservations I'm telling

you what's going to happen how to use

the information very specific elements

to the macros to the inefficiencies how

to get the bias that's a straight

shot and I still have people can you can

you tell us how to do a daily

bias and that's all I've been teaching

thus

far you're what are you listening

to but

anyway um we're on one minute chart

let's uh let's back out of this go up to

a daily chart and I'll take one quick

peek at it leave you with any commentary

in regards to where it might still reach

for and then we'll close it and I'll

have lunch

all

righty so here's the volume in Balance I

took your attention to earlier we've

traded to that and through it this up

closed

candle right here you want to measure

that to the

high okay so that's mean threshold so

19255 I'm not saying it's going there

but let's just say that it wants to keep

going higher um and go beyond the

uh previous new week opening gap which

is high the high here you see it right

there where we stopped trading and we

opened the next trading session that's

you can see that level

here that's a level to look forward to

trade to and then the middle or mean

threshold of that up close candle prior

to that drop down that midpoint right

there now if we start exploring anything

above that 255 level then they're going

to want to run this high and where's

that leave us this right

here that's a huge that's a huge

disparity between where we closed here

and where we opened there that's a huge

gap so longer longer term um if they

want to pump this up and and it can

happen because it's an election year

barring anything really catastrophic

taking place over in the Middle East um

it would be reasonable to see it want to

take this high and maybe even go up into

this area here but I'm not demanding

that I'm not holding for something like

that but for the sake of this pointing

your attention to something because you

know without any real bad news without

any mushroom clouds popping off you know

any terrible things like that occurring

um they're going to try to keep pumping

this up because it's it's in their

bested interest to make it look like the

economy is good and everybody thinks the

economy is measured by the stock market

and it's not they're not that's not

that's not a real value um

the volume IM balance here that would be

the highest extreme for this year at the

present right now looking at the chart

if it were going to go up from where

we're at now any higher the highest that

I would want it to go to and feel

comfortable and reasonbly expecting it

to do so would be that volume imbalance

right here okay um am I saying it's

going to go there no I'm saying for the

folks that have asked this question

because they can't trade with intraday

charts they want to know this you know

if you were looking at the daily chart

how far can it go because they can only

trade longer term and use a daily chart

so for the people are bitching

complaining about this stuff saying why

you talking about this I don't care

about this you're not my only student

and for the people that take the time to

write that kind of stuff I never get to

see your comments again so just know

that you can say anything you want in

your last day because I never see your

stupid again but liquidity rests

here and it volume imbalances there and

uh I think that's it this is all based

on the fact that we didn't see anything

pop off with Iran and Israel to a

greater degree that that's what this is

this is kind of like a relief it's just

being organized and and sentiment that

okay everything's safe right now does it

stay that way who knows all it takes is

the right thing dropping in the right

place and all hell breaks loose so

borring any of those types of things

we're probably going to continue keep

pressing up and challenging uh you know

the midpoint of that inefficiency and

therefore just stick with the underlying

narrative and don't try to fight it

otherwise I will be back with you all

again tomorrow um I do not absolutely

want to spend this much time tomorrow I

know some of you complain that the

videos are too long and you can't digest

them because it's too much because you

work and you have a life I get it but

remember I'm not not here for just you

I'm here for a complete overview a

complete rundown everything because it's

my son that's that's my that's who I'm

talking to it might feel like I'm

talking to you but I'm talking to Caleb

so you're just here listening you're

over you know you're ease

dropping you're EAS dropping by

invitation just remember that so you're

a guest and you don't get to tell me

what you want you can but I don't need

ever seeing your comments ever again

but that's why it's a long way around

the mountain because it's it's my son

asking and I want him to have all the

details all of the ramifications that

will be met by him in his development

all the circumstances that will feel

daunting all the things and how to get

around it how to cope with it how to

feel normal in it how to look Beyond it

that's what I'm including this is me

mentoring my son

and I don't want Insight from any of you

cuz I don't I don't care to what you you

think I should do you're not going to

give it any better than me I I'm who I

am and I'm his dad so no one's going to

have the right answer Beyond me

so while I appreciate your enthusiasm

and trying to feel like you're having an

input in it you don't get an input you

just get a seat to sit here and watch it

and nobody's twisting your arm so that's

going to be it I've had fun I've shared

a lot of stuff today uh I think I've

communicated but rather effectively that

you don't have to do something every

single day you don't have to know

everything if it's going against the

grain that you are outlining for your

model be flexible with yourself give

yourself permission in the beginning and

just relax after it happens after it

forms go back in and study what was

presented and hold nothing over your

head as a punishment saying well I

should have saw that because in the

beginning you shouldn't you're learning

how to do that and over time you'll pick

it up I I promise son you will get this

but you have to take things bite sides

bite sides at a time and eventually

you'll have more experience you'll start

finishing my sentences like you do when

we're talking about the Bible and all

these things will start to become second

nature to you and when it's like that

and it's boring and you're not in a rush

to get in there and show Dad that you

can do this that's a huge goal but we're

not in the rush to get there don't think

that I need to see that anytime soon but

that's where we're aiming for we're

aiming for you knowing where the

Market's going to go

once we get there then we can start

fleshing out some more stuff but until

tomorrow 9:15 or so Lord willing I will

talk with you all then be safe

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YouTube Transcript:ICT 2024 Mentorship Lecture #7 August 13_ 2024

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YouTube Transcript:
ICT 2024 Mentorship Lecture #7 August 13_ 2024