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ICT 2024 Mentorship Lecture #1 August 5_ 2024
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e e e e I know right I know another live stream another mentorship oh my goodness how you doing folks I hope you're doing well give me a second here I apologize for being slightly late the OBS streaming service thing I here I used wasn't cooperating with me so I couldn't find the settings to get myu to show up so I just make sure showing JS like it looks like sure second one more time apologize see my headphones that's so I have it set to the lowest latency so when I'm showing my 15sec chart we won't go down to a 15c chart to but we'll go to one all right so let me explain while I'm even doing as you know I've been trying to get my kids to want to do this pretty much since they were born trying to mold them get them not thinking for the purposes of procuring an income from someone else's hand relying on them to say what they can when can I don't like to cultivate an employee mentality because I don't have so uh my son Caleb recently had an interest in making another attempt at doing this I know a lot of you always ask you know how are my kids doing um how they doing in their in their learning and whatnot first of all I make them work and it's work hardening it will make you it if you're forced to do it if you get money from Daddy and you get a lifestyle given to you it kind of makes makes you lazy and become very L ofas and you just don't really have any pursuit in you so that method I've used has hopefully done its work in venom of uh making him want to leave the the rat race knowing that I'm not just going to dull money out to him his interest is again Peak and want to make a good good attempt at it so I get a lot of questions about you know if if you're teaching your kids you how do you teach your kids you know what is it that uh you do differently if you do anything differently and I I honestly I do I do things slightly differently because you know they're my kids okay you're not entitled to anything from me I'm not I would do anything I'm not expected you to to be your best friend or to be your your guiding like as much as I seem like I am in your videos it's because I'm talking to my kids and that's why you have this you connection with you because you hear the sincerity in what it is I'm teaching because I care about them receiving it from you so it's like a an archive of me teaching instructing encouraging my own children so when I talking with sincerity and empathy it's genuine because I have them in my mind now invariably sometimes I get a student that's outside my family tree and they'll contact me and they'll say hey look you know I really appreciate that you could do this this that and I would touch on those types of those typs about and or one of my kids will say Dad how do you how do you deal with a situation like this or what if the market does that do you know when not to do something or when should you really push it aggressively um I'm going to talk a little bit about that not so much today but I want to give like a baseline on where you should be at when you first sit down to start learning how to do this I'll push buttons in front of you I'll talk about where the market should go I'll talk about what PD array isn't so important to me at the time and why and the ones that I think important so that way it kind of like filters Out and because I plan on doing this Monday through Friday it will be a exercise for you now if you are already profitable if you're already profitable whether you're using my Concepts or a derivative of them or you're doing something entirely different it's probably better that you don't watch the live stream just do what you normally do because I'm probably going to distract you or I'll be a perfect excuse for you if you take a losing trade you'll say ICT call me to lose money and you won't take responsibility and you need to be responsible okay um the things I'm going to touch on is obviously you know where your mind should be every day sitting down in front of the charts you have to have some reason to be in the charts doing it so that's the reason why I started the The Stream at around 8 o' I know it was like seven minutes late but you're not my employer so I can punch in late if I want and I can go home early if I want so I want to talk a little bit about that ahead of 8:30 we have an a heavy news driver the ism PMI number at 10 o'cl I'll be with you until probably like quarter after 10: okay but uh this mentorship at least the first lecture here is probably going to be a little Annoying for some of you that just want to get out here and start pushing buttons but I promise you if you don't want to sit through this Live come back to it when you have time to do it before you watch tomorrow's live stream okay because otherwise you'll miss the whole importance of what it is that you should be doing before you sit down whether you're watching my live stream someone else's live stream or you're doing your own model you're in tre okay because it's very very important that you have a real reason of why you're doing it some of you are here just want to see me do something and and it not pan out just so we can go on social media and get some CPS and likes and some you interactions because you need to get your grocery bill and that's fine but I'm not here to do those types of things I'm not here to brag I'm not here to post and yes I'm going to win the robins cup to stop sending me emails okay just I got plenty of time for that don't worry about it it's in the bag trust me on that I told you all I would give you a drama i' would give you a tragedy I give you a tear jerker but at the end of the year it's my name at the top of that list okay so just just just relax keep making your videos because you look stupid expose ICT filed Robin's Cup this going to make it even better but anyway our focus is going to be primarily on the NASDAQ today but in this mentorship I will go back to talking about Forex because I know a lot of you are stuck in that asset class okay even though I'm not interested in pushing any orders through that market anymore I will cover some of the things that are Salient to that individual asset class when it is appropriate but it's not appropriate right now because right now I want you to think about what it is you should doing before you are trying to trade before you're trying to trade with your funded accounts or trying to pass combines or whatnot um full disclosure I talked to Caleb and I asked him you what his intentions were what he wants to do what he's willing to do U he wants to share and document his progress so he'll be doing a a YouTube channel so when I teach um I'm talking he's not with me right now but he's listening and watching you are so the things I'm talking about in this is going to be my suggestion to you if you maybe you've watched some of my videos maybe you watched a lot of my videos and you just don't know what to do or where to begin or what to do right now what do I do right now because it's very daunting seeing how many videos I have and all these different concepts and all these different things these moving Parts it's it's very intimidating and I get it but it's it's meant to be a compendium meaning it's like it's my entire Encyclopedia of what I'm willing to give to the public so you can go and you can build your own model so I'm going to show my son how he should do it correctly this time where it's step by step dad's going to be explaining it live so that way there's no hindsight stuff not that it was ever hindsight when I was teaching and he would watch me push the button right in front of him he would see me explain I think it's going to go here this is where it's going to go next I don't want to see it do this I don't want to do that this is real mentorship okay it's we're not going to be doing any Market replay we're going to talk about Theory and say now let me push the market forward and watch what happens when you had the benefit of already knowing what it's going to do that is absolutely not that's not mentorship that is absolutely not teaching anybody anything and it certainly doesn't Inspire trust in the person that you're learning from because they have the added benefit of knowing what has already happened so seeing live price action watching data ticked without the benefit of knowing what it's going to do is exactly what you as a Trader are going to have to encounter every single time you sit in front of the charts you don't know what's going to happen and right now is a wonderful learning experience because the climate is so statically charged everything that's going on over the Middle East right now they're going to have reverberations throughout the entire Market globally and probably in your the woods where you live so it increases the level of responsibility on your part as someone that wants to engage in these markets because they're very risky and now add to it the increased level and amplitude of uncertainty where anything can happen you know a bomb drops or series of bombs drop in an unexpected location and then boom everything starts changing rapidly and that fear and that Rush will be injected into the marketplace and they will use they being the people that are in charge of price action it's not the buying and selling pressure that moves price and you'll hear a lot about that as I go and I know some of you don't like that I know some of you don't believe in an algorithm I know you believe that you know buyers and sellers push price and that's fine I'll leave you to that myth you want to believe in fairy tales that's your that's your business I'm not going to try to wake you up from your dream sleep tight price will do what it's going to do because it's coded to do it based on time okay and time is essential it's the first Hallmark to when and why a market should produce a displacement a run whether it be impulsive whether it be retracement whether it be anything it's always going to be delivered on the basis of time it's going to move at a specific time or a period of time within 20 minutes that's a macro and we're going to talk about those things because I want to simplify it for my son you all are getting that benefit of seeing it hearing it and being explained to you as if it were you being Caleb I'm not hiding anything I just sent him a text before I started I said just stop texting me I'm doing it live right now don't talk to me in the text because you're going to distract me okay so there's no secret texting going on there's no conversation behind the scenes everything you see and experience while I'm doing these live streams is exactly what he's digesting the same way and the things that I'm going to encourage him to do my suggestion is to try it for yourself and you're going to see everything that I taught is absolutely not complicated the complication comes from people that want to take my stuff they want to water it down to a one two3 a pattern so they can go out to Amazon and write a book there's dozens of books about in them and I'm quite certain all of them are wrong but it's a cash grab because my name's big right now it won't be forever and somebody else will become something interesting and and and that'll be the new Buzz thing but right now the problem with it the community that has any interest in me is either they want to do the gacha about me because it gives them grocery m or they want to learn from me and then say they don't learn from me but they talk with my vernacular they use all my terms they tra just like me but they say they don't and they do mentorships so if you're one of those individuals I'm going to help you too not because I want to but because it's going to be a default it's it's going to be a default uh response to you being here because you're going to learn how to finally do it instead of attending instead of talking about and teaching through Market replay okay um I asked my son what his interest was he doesn't want me to give him money to trade with which is good that's cool so I asked him what his intentions were and he said are you going to go through like a Prof again and he said he was going to use TOP Step now for disclosure uh if anyone if anyone from Top step is listening I don't know if they do or don't I know I have students in my mentorship that are affiliated with them um directly not just users of it but they have no connection to me they have no connection to my son Caleb there is no affiliate links okay I have no connection with TOP Step I did not ask them to be a partner with me I they didn't ask me to be a partner with them I'm not trying to push any of you to their company I personally would not TR with with the company like any of them I I just I I personally wouldn't do it I'm just stating full disclosure while my son learns how to do this when he feels equipped to do that again he will then use top step to do a uh a funded account so that way everything could be seen through the lens of that instrument so you can see what he's doing when he's making money when he's not making money if he does any withdrawals and gets payouts you'll see all that stuff okay so it's kind of like a a test tube baby experiment he's completely he says he is we'll see what happens when we do a little further along but he says he's comfortable with disclosing all of it and he wants to put it on his own YouTube channel and why does he want to do that because I'm GNA I'm want to kill that real quick I know a lot of you are psted up and your paintings are on a bunch oh if he's so good and he's your son he shouldn't need to do all these things well here's what he's doing he's working a job just like you are you're working a job but you're probably on other people's YouTube channels and you're trolling people and you're on those social media trolling because you're miserable because you don't have any money dad's not giving him any money he doesn't want Dad to give him money he wants to do it on his own stee I respect that that's exactly what I want him to do I want all my kids to do that I gave money to Cody and it didn't help him so I learned my lesson there so I make my kids work if he knows there is an interest and there's a huge interest in what my kids are learning from me directly so if I'm willing to teach him that and he's willing to share that and I'm comfortable with that because if he makes a YouTube channel while he's learning yes there will be ad Revenue behind those videos that he puts up and shows his his progress that's not important right now in the grand scheme of things because there isn't going to be a whole lot of viewership I'm sure initially there's going to be the morbid curios of seeing him fail when he does fail and they will be celebrated amongst the social media networks okay that's great that's that's that's good because that draws a crowd but when he has his Milestones where he grows and gets a little bit more understanding and he finds his successes and you hear him explain what he struggles with when you hear him explain what he felt Victorious over and what he made a big deal out of while he was first learning how to do it and then he realizes it wasn't that big of De it will personify the very things that I've already taught and mentioned in Twitter spaces where I would marless Council encourage them but you think I'm talking to you I'm talking to them and it feels like we you and I have a intimate relationship that I care about you on a personal level because I'm speaking that way to them so you can tap into that same work and or Hive mentality that I have directed towards my own children by going through this mentorship it will be over life price setion it'll be real experience that way you can see what it is that you should be doing and try at my best try to steer you away from the things that you're probably going to want to be doing but they're going to be detrimental to your development and this first lecture is number one your mindset going into and then how we set up our starts what we're looking for to start a baseline to determine what type of Trader you're going to be because it's real important that I don't push you into a mode Caleb needs to tell me what he wants to do and then once he finds out what that is and I'm going to teach how to determine what that is for yourself today too because if you don't have that direction if you don't have that pathway you're going to waste a lot of time you're going to chase things you're going to worry about things that are not important it's going to actually slow your growth it'll slow down your productivity and it'll hold you back and there's nothing more challenging than feeling like you're not doing enough in trading because no matter if you're making money or not you know what it's like if you've made any money whether it be a demo account you dabbling around with it or you tried to fund it accounts and you got lucky you got a pay out and then now you never can do it again what changed nothing changed you just got lucky doing something that had no bearing on what you should be doing consistently going forward it was just an aition it's something that you it just happened but now you have attributed to well that's that's that's skill and we're going to show how you develop real skill so that way you can produce a consistent Baseline to to evaluate okay do I want to be a Trader that focuses on long-term Trend directional moves and only trading in that direction or do I look for periods where even in those longterm daily and weekly movements where can I see potential intermediate term or short-term retracements because I understand the trend may be going in One Direction but it's something I don't trust to be be a part of because maybe you've tried entering on Trend models and they burn you and they retrace deeply against you and you feel more comfortable fading those types of moves I'm going to teach on that topic as well so that way you'll have reversal patterns Turtle suit real Turtle suit not Twitter wish versions of it the idea of knowing where the market should retrace deeper maybe even the basis of retracing to set up a long-term Trend model entry to get in sync with that daily and or weekly Direction so it's a it's real important that you have some input initially not just take everything I'm saying writing it down in your notes and saying okay I'm going to do this this this this this and I'm going to file to the letter of the law and then it's going to give me what I'm looking for there we're in that gray area initially where you have the responsibility because if you don't do this part correctly everything you do after this holds you up and it's not because my stuff doesn't work doesn't mean that I'm not a good teacher doesn't mean that that you can't consistently profitable it just means that you screwed up and didn't listen to this first lesson you have to determine what you're going to do as a Trader and then whatever that is you bloom there you plant yourself in that you don't care what Caleb does you don't care what I do you don't care what every one of my other students do that live stream and do it right in front of you you don't care what anybody else is doing even outside of my circle of influence whatever they're doing whether they're being profitable not that's none of your business you're going to have no bearing on their outcome or their results you're not going to make them more money you're not going to prevent them from being profitable so why waste any time trying to do that don't try to copy cut anybody don't try to do that the things that you should try to copy is the mindset about what I'm going to cover in terms of reading price very specific generic things that are absolutely not complicated folks it is not complicated complication comes when people want to try to dilute it to make it look like it really isn't my Concepts or my teachings or my lectures that's what makes it complicated that's why everybody asks for my slides from the mentorship that's why everybody says talk little you talk too much because most of them are not English speaking individuals and they want to translate it into their local language and if you are running a YouTube channel I'm going to toss this in real quick if you're doing a YouTube channel and there's a dozen of you right now that I'm getting R into copyright strikes against you're translating all of my mentorship videos into your local language and I don't give you permission to do that I've already taken down several channels that have done that and you can be mad at me you can send me hate mail you can do all those things and be mad at me about that but I've already said that I don't give you permission to do that you know if if you want to do that go write a book on Amazon that's what people have done okay I can't stop you from doing that and everybody wants apparently wants to buy them so go ahead and go that but you don't have my permission to take the the work the time and effort I put into making charts the lectures the graphics all those things I did that on my own you don't have you don't have the rights to use them so uh you're all going to lose your app Revenue in that and I don't feel bad for you because I already wanted you ahead of time so no you don't have the permission to do that but Caleb will have whatever he gets in terms of AD Revenue to help meet his bills while he works his job and it helps alleviate some of those things that plague people while they're trying to learn which is I need to make money real fast because you can't force being profitable you can't do it folks you absolutely cannot do it and I said this in my mentorship to my students I said listen one of the best things you can do is create another stream of income and I gave them permission that hey look if you want to go out and live stream not teach that was when I was doing the mentorship go out and and show on a live stream and monetize it that your development is here here's what I'm trying to do I'm trying to be profitable and I'm going to trade the Forex Market or I'm going to trade you know futures or whatever is you know some of them trade crypto I don't like crypto but it is what it is the uh by the way did you hear about crypto or Trump came out and said he was going to make America like the the hubs for Bitcoin all of a sudden Bitcoin fell out of bed that's interesting isn't it but anyway I encourage my students to live stream to get a secondary income because that passive secondary income can be a way of maneuvering the fear and anxiety away from you needing to be perfect in your traits which is absolutely toxic absolutely toxic you cannot have that mindset as a Trader you can't do that you have to invite the opportunity for you to be wrong and then it doesn't sound productive it sounds counterintuitive to say okay I invite myself to be incorrect about what my assumptions are about the price action right now and when I go into a trade when you go into a trade as soon as you enter that trade you've completely given the responsibility of the outcome to the market you don't have any assurity that your stock loss is going to get you out at that price you don't have that promise that guarantee the market could happen especially in the conditions we have right now where a bomb a war can break out in an undisclosed location boom unexpected events bang you have a huge gap and it could Gap Way Beyond where your stop loss is and guess what folks that risk is always there that's why every brokerage firm makes you sign these risk disclosures because that's what can happen and when it happens you want to sue The Brokerage company you want to sue this one and Sue that one because the unexpected happen and for individuals that trade with extreme leverage that would never do that with a real account but they were doing it with their funded account because all they got to do is pay the reset or they get free free resets because they having an affiliate program with one of these companies it kind of promotes the wrong wrong idea okay it doesn't matter how many times you can show that you did something right here but it you're constantly restarting these new accounts you if you're an influencer and you keep doing that you're actually having a detrimental impact on your viewership because knowing that people have selective vision and selective hearing they're attracted to when it's right and when it makes money so therefore I want to be like this person because look what they just made but you're not disclosing the entirety behind everything and I just blew 25 accounts or I just had to reset 16 accounts because every one of them got blew out it kind of It kind of defeats the whole premise behind what is it you're doing following them except for just entertainment value so I'm trying not to be um anything but straight nuts and bolts this is what you're supposed to be focusing on but if I don't lay the groundw work initially on the first discussion here in the first 20 minutes or so you won't know what we're doing and you'll just be watching for something and anticipating or trying to predict what it is I'm going to say next and that's not going to be helpful to you in fact it'll probably be very frustrating for you and you'll either turn off and go watch the The Usual Suspects on on my uh live streaming or you'll just walk away and you'll do nothing with it and maybe you'll come back to this live stream at a later time but you'll still have this better bitter taste in your mouth and you won't be willing to write down the things I'm talking about and preparing yourself you have to absolutely prepare yourself to learn properly and if you don't have that mindset going in everything you do everything you focus on will be the wrong things they they'll all be doing things that are you know moving towards um consistently profitable that that's that's the number one goal whether it be learning from me or learning from anyone else it's it's not aach that is outside your grasp right now it might be because you're brand new but if you do the things that I'm going to suggest to my son and he doesn't Rush he doesn't rush to go and try to pass a combine he doesn't rush to get a payout he doesn't try to trade every single fluctuation in price he doesn't try to do everything that I've made available to all of you which is what most of my students try to do they all dabble too much and if you simply go through this simple question and answer for yourself right now are you someone now if you're not paying attention right now you're distracted you're going to miss it but the type of person you are right now are you someone if someone says to you uh I don't think this is possible and it doesn't necessarily be trading I don't think this is possible or I don't think that you can do that are you someone that says they're probably right or I'm going to show this person they're wrong and I'm going to show them 12 ways that why they're wrong and I'm going to do beyond what they thought I said I was going to do or I could do and they said I couldn't do I'm going to do more than that okay because right now we're going to divide you all as an audience because either you're going to be someone that's going to be influenced and held back by someone else's opinion or suggestion on you or maybe you've watched someone else receive criticism okay you've watched other people receive criticism and then you somehow latch on to that like it was told to you and you feel emotional about it and you have a psychological response and it was never directed to you but you personify it and personalize it to yourself that very telling that is a barrier for you as a Trader you may not realize it right now but Friday I'm going to cover the contrasts of all that you may not know the answers to these things right now today because you want to think about what I'm going to tell you and you all want to be able to say yeah I want to be the guy or gal that says if you can't do this I'm going to prove it to them and I'm going to do this and do that chances are every male list is probably going to be wanting to do that but in you in honesty all of you aren't really like that you're influenced by other people's opinion and it makes you feel unsure about yourself it may be causing anxiety it may feel embarrassment you may feel like you don't feel you're going to do well because of someone else's opinion about it or you have that spark that inspiration that well kicking the uh the hinder Parts if you will to to now do something because it's a challenge that's been laid in your hands like now this is what it's like for for me when I listen to other people when they say this can't be done or no one can do that I am the person my personality is is you tell me that that can't be done or that I can't do something I immediately my mind immediately switches on I'm in Predator mode like I'm in there looking for every way to come back at them and say this is how you're wrong and you were wrong here and you were wrong here and you were wrong there and you were wrong there here there everywhere and I want to bury them in it that's my mentality and that's not a strength that's just how I interact with outside influences and that stems from a childhood that I had no control over the factors and environments that I was left in which were dangerous and they were hostile so as an adult now I seek control all the time I am a control freak everything in every aspect of my life I have to have control over it if I don't have any control over it I am I have no interest in it that's my pre that's my disposition that's that's how I am you may not be that way you may be very very passive and you may be very lethargic in terms of responding to things that are met as a challenge towards you and you may be using that very perception about the marketplace and that's your hindrance that's the barrier that you have to if you have that mentality you're going to have to break through that and it's not going to be easy for you because what you're seeing is most people fail doing this most people are not consistent most people can't even determine where the Mark's going to go let alone get in stopped out or man it's risk appropriate that's the majority that's the truth about this industry very very very few people can do this consistently and you know this but you're still willing to watch videos you're still willing to try to practice and and Dabble because you're waiting for some kind of magical thing occur where it just it clicks for you with no real effort with no real study with no real blogging and journaling you think it's going to happen for you that's not realistic so part of this mentorship will be using the the tools and resources of journaling properly but what is it you're supposed to be journaling anyway because if you're if you don't know what you're doing you don't know where the Market's going to go next because you don't know bias you don't know profiling you don't know session characteristics day of week characteristics uh seasonal tendencies All Those things I'm going to present it in a nice neat little package but it cannot be done in one video I don't I don't care how many people go on YouTube and try to say I watched all of ict's videos and now I'm G to show you in five minutes how you can do it you want to do that I promise you okay here it is $500,000 okay go out there you don't know what you're doing right now go out there and watch the one of the five minute trainer YouTubers okay and you got four weeks to pass a combine and make $100,000 by the end of the year if you can prove that I will give you $500,000 I will drive to your location as long as you're in in the states I will drive because I don't fly I'll drive to your place and you can live stream me live stream me giving you a $500,000 Bank check okay that stuff doesn't work folks you're going to have to put some real effort into it you can't condense it you can't reduce it down okay and a lot of people don't realize but you what I just did I just made a lot of those guys mad and now they're going to really do the little micro mentorships and really what that does is going to bring more traction back to this mentorship because they're going to work for free but anyway see that everything's predetermined he's monical he's a masteron he's diabolical anyway the very first step is for you to determine where you are mentally and then determine ahead of time preparing yourself what adversities are going to be in front of you for the folks that are saying okay you say I can't do this this or someone else is saying that you can't do this you're going to go at at 100 m net that's that's good that you have confidence in yourself but the problem is you're going to overstep that and become overconfident and then as soon as you're met with that first adversity it's going to really hold you down and it's going to cause you to second guess the next step of stepping out there in faith in determining what it is that you're trying to do or practicing and then what you end up doing is the initial strength is I'm strong I'm confident and nobody's going to tell me I can't do it I'm going to do it better than I would have done it if they would just invited me to do it casually but now because he said I couldn't do it I'm GNA do a superhuman Olympic feat of it and by doing that what you end up doing is you increase the level of adversity the difficulty you put a time limit on it which is the worst thing in the world to do you absolutely put a a time limit on how fast you should learn how to do something as soon as someone starts telling you I'm going to teach you how to do ICT or anything else in this number of days absolutely I promise you they are full of grade a manure they're lying to you that's clicks for money they want you to either buy something they're going to upsell to you later on or they want you to keep watching their videos that are not going to help you they may be entertaining but they're not going to supercharge your understanding they're not going to make you faster at learning it okay the only thing they're doing is trying to capitalize on a market that's huge right now which is Tik Tock mentality you know 10c 15c 30 second uh time span of attention span and I I have no patience for anyone zero patience for anyone as a student that thinks like that I broom them quickly I get them out of my face I don't want to have any interaction with them because you're absolutely lazy you're absolutely lazy you want it easy you want it real fast and you have unrealistic expectations and anyone that Hason sense will tell you that that is someone that will not be successful period and the story if you don't want to warm up the idea to how how to do this properly and understand really understand that's what mentorship is understanding how you're going to most likely in interact with the marketplace what's a reasonable response to you for you feeling this way or that way should the market produce an outcome that was either favorable or not favorable for you how are you going interact with let's say the first time you sit down and you try to test something and it takes off and runs like 150 Handles in the nasda that what's that going to feel like for you you're going to feel ecstatic you're going to be excited and you're going to feel like wow this is a whole lot easier than I thought and that's wrong but see that's the problem with these 20 year olds that teach they want you to have the emotional stimuli because that emotional stimuli gives you a rush it's dopamine it's it gives you that physical Feelgood butterfly moment that does not last it will not last 10 minutes later you're not buzzing by that right call that you made that demo trade that you made or that just past your combine you all think that I got to get my combine passed and then I can start trading an account where I can make profitable trades so you're will to do everything and anything just to gamble to get it past and then once you get there you think it's going to be easy when it becomes extremely much more difficult because now you don't want to lose that past funded account and every Candlestick looks like a foreign language to you even if you understand certain elements of reading price action it will look completely different you won't feel comfortable pushing a button because now you're thinking if I get in right here what if it goes down to here or what if it goes this to this High here where do I put my stop loss I don't want to get stopped out but I gota use a stop and see what are you doing you're trying to protect yourself from a losing trade because that losing trade even if it's small in denomination if it's small in amount of really you dollar risk the lasting impact in the depths of how far it digs into your backside it's monstrous because you're creating a demon you're manifesting your worst adversary because you didn't do everything that I'm suggesting as a starting point right now It prepares you for this what do you think basic training is for when people go to the military it's to get the person physically fit get them introduced to constant disruption constant mental fatigue so that way they're not shell shocked and they get out on the battlefield and freeze up they're used to being treated like trash worked out fatigued run them work them hard talk down to them there's no hope there's no hope while you're in basic training well this is what this is like here this is basic training I'm not going to sugar coat it for you Millennials I'm not going to be nice to you and say honey it's going to be okay let me hold you let me hold you close and cuddle you ict's got you baby ict's got you it's okay it's okay that's not what this is you want to learn how to trade you want to be consistently profitable ICT is not going to be rubbing your shoulders for you okay and powdering your ass when the Market's in front of you and you're ready to take a trade and it's all on you I'm not going to be there you have to be able to do this on your own you have to be able to do this absolutely isolated you have to be an island unto yourself when everybody else is on social media saying they want to do one thing or the other and you look at your model saying I don't see that you got to be completely comfortable with that not for the basis of Simply being a contan alone but for the basis of okay I understand what I'm looking for and this is just further confirmation that the herd of sheep out there are expecting this so I know I have a lead pipe sense trade now because every time Dick and Harry out there is wanting the market to go to this level or this direction and here I am sitting confidently waiting for a setup that's completely diametrically opposed to what they expect that's one of the things that I take great comfort in watching live streamers because sometimes they get it right that's fine most of the time they aren't and the times that I'm looking for something before I even start looking at their live stream if it's opposed to what I'm expecting it's a dead deal it's over I know I'm I know I'm I'm on I'm over the target I know I'm right and that's not the goal here but I know I'm going to use the maximum leverage okay so whatever my maximum leverage would be for that individual asset class or that market I would be comfortable doing that but initially when you first want to do this you want to be trading listen folks I know this is going to be unpopular but you want to be trading with a micro just because that funded account says I can trade five contracts of the NASDAQ with $3,000 of a cushion I want you to hear this okay and I mean this sincerely and I'm not trying to be funny about it but if you're trading more than one contract of a micro with 3,000 cushion and you're not consistent in cwow and you don't know what you're doing you're absolutely gambling and gamblers don't last long you can gamble there's a lot of people over the years with all these fund of account companies I've had students that's done this too paid mentorship students that have gone through it they passed combines they got paid out and then they lost it and then it completely undid them and they can't get it back and they can't he can't pass another combine why what what happened did the concept stop working did they change the algorithm no now they have baggage they have scar tissue and now the lessons I taught in those Twitter spaces over the last couple years and now I'm not on Twitter the the depths of where I was trying to take you a lot of you haven't gone to those places yet in your trading so the lessons just went rid of your head it doesn't apply to me but for anyone that has actually tried to trade with real money or had a live account or a funded account and has taken withdrawals from the marketplace and then they lost it now those Twitter spaces now those talking points those lectures like we're doing right here they are much more meaningful and they're impactful and they are helpful but when you have a millennial that wants to go out here and say look man this guy's full of crap you know he's he's he's talking too much he ain't done anything he ain't pushing any buttons how am I gonna learn from somebody like that I need somebody going show me what to do so I can copy them that's me learning no that's not you learning that's how you grow codependent and I don't want any of you to be codependent I want you to be able to walk out there and say this is what I see potentially unfolding in the marketplace today so I'm going to build an idea on how the market May in fact set this up and if I understand that this is where it's likely to go now what I mean by that is where's the draw and liquidity where's the market likely to go you know what are we looking for in terms of potential expectations and where the market could trade to and that could be something like this we go to we have relative equal highs right here okay very simple smooth price level the Market's gone down a lot several thousand handles okay we had a huge gap new week opening Gap here so where we settled on Friday and where we opened on Sunday at six o'clock last night Eastern Time in the states that new week opening Gap that's a draw on liquidity but we don't need it to trade all the way up to there so where is the lwh hanging fruit objectives for just short-term bias this is what I'm teaching you Caleb initially I want you to think about where the market could draw to right now where it could go to next and what that does is it gives you something to focus on and it also gives you a way of measuring every individual candles formation and what your expectation is as it's forming and what the next candles should do and how they behave and what it feels like for you when you do this because whether you want to admit it or not when you're first starting the majority of your time is going to be spent in uncertainty in times of confusion it's going to be fearful it's going to be well it's going to feel very anxious you you'll feel anxious you may even start feeling body symptoms of tingling lightheadedness feel like you're going to get sick and you may still only be in a demo because what you're doing is you're elevating the outcome to a level that is not expected you don't need to put that much pressure on you in fact if that's how you're thinking it's normal for you to feel that when you first start trading with a real account that's a normal thing but there's no way around it there's no way around that first trade with real money that fear that anxiety is something you just have to you have to engage it and that's why I say soon as you get a live count first thing you should do is flip a quarter lowest leverage if it's tails you buy it if it's heads you sell short or vice versa you do the smallest and put a 15 Point stop on it and just let it happen to you and get it break the ice and Let It Go but see a lot of you if not all of you you you want your first trade to be a winner because you think it's a a jinx okay it's somehow a an invitation for failure if your first trade with your real account loses money like that somehow defines your entire career it doesn't it's just one transaction but the way you overcome that is spending time without pushing a button studying where price can go and that's this we have the short term High here post 830 meaning after we had 830 right here we have 836 so the market went below these relative equal lows so any liquidity below that they disrupted that and then took it above this short-term High took it above this short-term high and traded right inside this car value got right there so when you're watching price Caleb you're looking for how the market Maneuvers and trades in books between obvious price levels with old highs old lows and inefficiencies there are the only two things you're worried about you're not trying to predict a direction on the day you're not trying to be right about 50 handle runs you're just studying observing okay this down Clos candle here after taking out the liquidity and then we have displacement here displacement is where the market runs against a pre session pre day pre Trend or Price swing Direction it's a counter move to what's already been in play so the market has dropped here and then we moved aggressively above the short-term high this High being traded above there we go back down to this down closed candle that down Clos candle is a order block we have displacement it took liquidity and the market has been one directional now what makes that order block specifically is it is has happened post 8:30 now it could have formed right at 8:30 because 8:30 the algorithm will start spooling for liquidity or inefficiencies one or the other now in the beginning you're going to want to know you're probably asking right now can you just tell us what is it going to reach for is it going to go for an old high or old low or is it going to go for a fair value Gap above or below both it's going to go for both does that complicate it no now to further strip away the you're adding to it right now you're bringing all these things but what if the co I didn't say anything about a coot yeah but what happens if the did I say anything about those things that you're thinking right now no they're not important the only thing we're doing is we're sitting down at a time a time when the market is predisposed that means it's most likely going to do this and it will do it unless some unexpected event where manual intervention steps in and you don't know and I don't know when that's going to happen what does it look like when the market just starts going and it starts going One Direction and it doesn't stop it doesn't go up a little bit come back a little bit up a little bit come back a littleit that's that's market Standard delivery intervention is Think Like fomc think like CPI think like non-farm payroll where if you're wrong if you're offside right when it hits the market you're dead that's what manual intervention looks like there are many times untradeable it it takes off so fast you you reasonably no not reasonable you're you're it's unreasonable for you to assume that you can trade that once it starts because you're literally chasing the wind and you're never going to catch it you're just going to frustrate yourself and get placed very poorly and you're going to be in a trade that's going to be highly anxious and stressful and that's not trading that's gambling okay so when we look at individuals sit up setups like this you want to sit down in front of the marketplace right before 8:30 okay preferably 8:00 and you want to look at where the highs and the lows are in in Defence to the one minute chart in a 15minute time so I'm G change this chart over to 15 so here's what 15 minute looks like here and if you look at where we came from see this high at 7 o'clock in the morning that's this high right there see it on the right chart so this chart this larger chart here is the one minute and this is the 15 minute time 15 five one minute those are your first three time frames to worry about okay I shouldn't say worried because it's kind of us subconscious concern that you need to worry about it you don't need to worry about it but the levels and inefficiencies on the 15 minute time frame the five minute time frame and the one minute time frame if you're brand new you don't know how to trade ICT you don't have to trade price action you don't have to trade period okay you don't need any other time frame okay you don't need anything else you don't need a daily chart you don't need an hourly chart you don't need a 31 minute chart you don't need a 17 minute chart you don't need a 15c chart you don't need anything below a one minute chart you don't need anything else to do what I'm going to teach you okay this is what you're doing you're studying price at specific times of the day if you're not writing this part down you're blowing it already so between 8:00 and 8:30 in the morning New York local time or Eastern Standard Time in the US everything I mentioned in terms of time if it's the time that matches New York local time so set a clock if you have your smartphone there's a way that you can pull up world time and put one in there for New York and you'll always know what time ICT is saying to look for these things to happen because they're never going to not be there write that down again okay and underline it this is always absolutely without fail it's never not going to do it it's always every single effing day it's going to do this very thing it's going to do it it's going to absolutely do it because there is an algorithm and it does this to spur on emotional interest or tangible orders that are actually sitting out there real orders that are sitting above and below or inside of inefficiencies where the market needs to offer fair value to the marketplace so what is it reaching for it's reaching for old highs old lows and inefficiencies that's the fair value Gap C VY that thing so once we know that the market is likely to do these things that's a characteristic it's an algorithmic characteristic you don't need anything else besides this element as the Foundation to what you're trying to trade and you can make all the money you'd ever want I'm going to say that again in case you missed it you're trying to find right now you want the daily bias and you want to be able to buy below the open and hold for the whole entire day but are you really doing those things when you try to trade no as soon as you get 10 handles or 10 Pips or whatever you you start struggling with holding on to the trade you're paranoid that that winning trade you just found out just fell into your lap oh my goodness this I'm winning this this is something new I need to secure this but then you're you're thinking oh wait a minute I'm suppos be holding for the daily range and now you're wrestling and that becomes a real hard wrestling match doesn't it makes you feel nauseous and if anybody tries to talk to you even if they love you your spouse your girlfriend your boyfriend your child your dog comes over nuzzles up next to you any other time you're like oh this time get away from me can't you see I'm trying to worry about this 10 pip handles [Music] move the weight of the world is on my shoulders right now and you're coming at me with this you know what it means you're stressing out why why would you have that response folks listening to headphones like oh man this guy you're awake now aren't you but that's the reality that's what it's like and you'll feel it if you never been there you'll feel it but the reason why you feel that is because you don't know what you're doing you haven't done this part long enough where you're completely desensitized to okay I'm doing this exercise to get comfortable with anticipating price moves I'm getting comfortable with not knowing what it's going to do next candle this candle five candles from now but I think it's going to draw to specific price levels so if it clears that shortterm low we talked about what's it going to reach into we have this inefficiency here how long does it take to do that and then you record you screenshot this and you say okay well it took one two three four five six candles from this volume imbalance to run above this short ter high and get into this C which is a sell side and balance bu side efficiency a fair value gut that has a down close is a Civ okay a fair value Gap that has a up close is a bissy b c efficiency so what you're doing is you're measuring because you have zero Baseline experience you have no continuity and what is you're reaching for looking for in price action and you study how long it took and you record that many this many minutes and you also are honestly going to record in your Journal within the screenshot like like maybe over here or somewhere over here you're going to record what it felt for you physically were you anxious did you second guess that it was going to run there did you feel excited the entire time were you impatient that you thought it should have moved there sooner and faster did certain candle formations cause you to you doubt it did you have a point at which you thought that this was given another opportunity to trade to or not trade to but offer another entry like say for instance if you want to Pyramid pyramiding should not be part of your repertoire yet that's something that you need to be doing maybe a year after trading with one contract oh come on you want to learn how to do it correctly this is the way you do it there's all kinds of time and opportunity for pyramided trades but you first have to get good at trading with one micro contract one micro contract because what that does is it removes hopefully this is the only thing you can do to to fend off the greed and fear you can't blow the account if you trade with one micro and you only take one trade a day you there it's physically impossible for you to go out there on day one and blow the account see that's what your your subconscious is fearful of I don't want to blow the account I don't want to have a big losing trade I don't want to go into big draw down okay that's easy don't over leverage your account and don't take more than one trade a day but ICT but ICT nothing if you want to be able to do it correctly you have to do things with a process there has to be a logic behind it there has to be some measure of rule based thinking and then you have to adhere to that if you don't want to adhere to rules I promise you you're going to lose you're going to fail and you're going to blame me you're going to blame everybody else you're going to blame the the prop firm you're going to blame the brokerage firm you're going to blame everything but you I knew this because I did the same thing as a 20-year-old I did the same thing numerous times I have students that repeat the same thing they've sent me hate mail years ago oh you you didn't teach me right this blah blah blah and then later on they went through it properly and then they send me emails apologizing it was it was a mistake on my part ICT I didn't listen I went back and relistened to it all and I made all the mistakes you said I was going to make if I didn't listen and just plunged ahead and did what I wanted to do now I did it the right way I listened to what you were expecting in terms of a properly mindset student that follows the rules and accepts the the diversities initially they're normal they're all normal growing paints but see you're trying to be the ex exception you don't want it to happen to you you think it's going to be candy bars and milkshakes and just everything sweet and lovely and butterflies are going to come land on your hand and everything by God no no no no no no as soon as you push the button you're asking the shark to take a leg off you're asking that lion to take your face off you're inviting it that's what it is as soon as you enter these markets you've entered the jungle you've enter the Deep Waters and honey everybody's hungry and if you offer it up on a silver platter they're going to take it and eat it and you can't be upset about it that's the that's the that's the the the currency here yours or mine mine or yours that's it it doesn't matter how anybody else trades it's are you liquidity right now are you liquidity because if you're liquidity you're lunch I go in and I'm looking for lunch I'm looking for the liquidity I'm looking for reasons why the market will trade to this level why it could potentially trade to this level but I don't need it to trade for instance this is the draw on liquidity draw on liquidity is just a initial reasonable assumption on our part to determine a directional move that could unfold it does not mean and it does not define the absolute terminous to a price Run for the be all end all Target in in planer terms the Market's probably going to keep moving until it gets to this level it doesn't mean that it can't have retracements lower it doesn't mean that it can't make a lower low than it's done here highly unlikely but it's still a initial idea so when you're first trying to learn how to read these markets and you're first trying to determine where the Market's likely to go you have to strip away everything that you're trying to force into reading every single individual Candlestick and if you watch a lot of my videos or if you have a lot of notes or you've dabbled in things chances are you probably already have a pet technique that you want to be yours and you may not even be good at using it yet but you just want it because it has a cool name like a a Reaper fair value de you know I talk that to my PR mentorship they're like uh oh man that's GNA be my thing that's gonna that's gonna be it for me you know or Event Horizon which is the midpoint between two uh two new week opening gaps or New Day opening gaps and because of the names okay these names are meaningful to me they're they're not meant to inspire you to want to do them over another it's just that's that's what I name I got 81 of these things so it's a way for me to keep track of what its purpose was and or it kind of puts a little stamp of when I discovered it and something had a impact on me and it was a cool name or inspiration to it so when we're looking at price is you as a brand new student not knowing what to do do you want to make this kind of like a game and a a discovery something fun not a video game okay but it's a game of determining does it have what it takes to move to these highs here a way of saying it to yourself that's very disarming is okay I see how this is smooth these two Highs are relatively equal that looks like a real nice obvious flat space in price we don't see that same flatness down here you see that so in other words if you had a shark know if you had two sharks rather you have two sharks in front of you one has had its teeth removed well that would be represented something like this this is the shark with no teeth it's basically the guns okay there's no teeth there down here there has been a shark attack how do we know that because we can see the wounds from the teeth the jaggedness the jaggedness the jaggedness and now it's going to another fre to another frenzy or feeding where is that well we we've just created one we have this High here that's really close to this one you see that so you observe price action and you're looking for areas that look real smooth and safe where they say peace and safety sudden destruction comes upon them any time that you're looking at Price action and it doesn't matter what time frame you're looking at okay if you're looking at it through the lens of a second chart Sub sub one minute or a weekly chart or a monthly chart or a quarterly chart where it's three months of data compressed in to make the candlesticks it does not matter this principle is always true the market will go to an area of smoothness for the purpose of disrupting any orders that would be resting above or below it we've already mentioned down here now don't be discouraged if you can't watch this stuff real time and see it or outline in advance it's okay for you to come home for work and look at your your your Parts after the fact and go back and look at this and study it as if you have obviously the benefit of of hindsight initially but you don't want to stay in that very long so you're going to have to prepare yourself some instruments that allow you to watch price action not with Market replay look I am not a fan of Market replay I absolutely loath it I hate it I can't stand it and I wish it wasn't available that's that I wish it wasn't even available to anyone else because it's a crutch that allows frauds to be able to sound like they're smart and teach something because it's already happened if you can do it over life price action not just once in a while but continuously and your audience or or viewership can see this then you have earned the right to have a voice and then people should have no problemss sitting and listening to you lecture and talk about what you think's likely to occur because you have a sound basis or Foundation to what what it is that you're talking about therefore because you have a track of of being able to talk about before it happens it removes the anxiety that is reasonable for everyone to have when they first sit found this but when you as the student and you don't have the ability to watch it live because you have a job or may you're in University or you sleep like you have to sleep right and your place in the world and your general geographic location may not be conducive for you to trade at 8:30 in tomor New York local time you may have to trade in the London session and yes Virginia I will be up during the London session doing one of these or two of these lectures in a week or two okay so we're not we're not focusing on one specific time of Deb and I'll come back to that section where I'll s write down the times of De but when we looking at initially you don't have to see this real time to get a collection of screenshots for your Journal but if you don't do this and journal and screenshot and annotate your chart and study how long price runs took place how many candles did it take to move there was there any kind of formation in the price delivery that would have caused you to not trust it unfolding now that's going to be very hard for you to do because initially especially the men they're always going to say no I would have never second guest it would it would have been easy for me to hold on to that and these same people when they get into a trade if they ever were to do it in front of you they don't have any conviction and they're going to up and bail out on the trade okay I gotta get out this I can't stand the pressure it's moved five handles but they call 30 handles or 50 hands above or below and they get out at five hands because the pressure of it not deing what they expected to do and in realizing a loss in front of someone that's a lot more pressure for them and they don't want to have that so what's more important their image or them following a model that they have seen works and have trusted and did the back testing and they have the data behind it their image and that's not someone you should learn from okay I'm just tossing that out so what we're looking for always the first thing that you're looking looking for Caleb is where is the market smooth on the 15 the five and the one minute chart is that complicated nope it's not complicated at all it's real simple what does it look like to be smooth well when you have price levels that create highs like this swing High here and this swing High here they're real close to one another see that when you're looking for relative equal High here's your secret weapon for it okay how do you know it's a high probability relative equal High that's likely to get swept or traded through how how do you know that ICT what differentiates that from any other okay it's this if you have two swing highs if the one to the left is slightly higher than the right you have a very very high probability that they're going to want to take it above there just like you see here we have a high and then the swing here happens to be just a little bit lower than that here's what's going on this is called priming okay priming is where you continuously create Inspire or manipulate the expectations of a large number of investors and they think oh it's going to go through that high but then there's a lot of folks that don't want to see it go there because they went short so when the the market goes up here and stops and turn turns down what that does is it creates a sympathetic side the shorts are relaxing if the shorts are relaxing what are they saying they're saying that this is now what resistance so anyone that takes a new short position where are they going to think that the safest place to putli their stop loss is going to be right above these highs why can we trust that they're likely to take that relative equ High out not that will that session that you're trading but it's high probability that this will be swept when the second or the one to the right that swing high is lower than the one to the left that frames these two as relatively equal okay same thing is occurring here we have this High here this High here this one being slightly lower than that one so when the market went out like this and we had this drop down what that causes is a sympathetic side what is that causing people anyone that went short here they feel like okay that's scary because it almost went that high where their stop loss would be if they're trying to go short in this area see that so what do you think it looks like when we have relative equal lows what would be a high probability relative equal low that the market is likely to draw down and go below it would be a low that has a slightly higher low in common terms it's you refer as a failure swing okay so a failure swing now a lot of people say oh see he's just Reinventing no see what you you're trying to trade that that's what a failure swing is you're trying to trade you long or short on that second past that doesn't take out the low or take out a a previous High that's selling short of fairy swing okay what I'm teaching you is is how to identify in in price action where the algorithm will refer back to and why what are the what are the the central tenants as to what the algorithm is referring to at a specific time of day most important and then it refers back to these because okay it sees this High based on time and then the higher high prior to that one is here so it's very simple for the algorithm to call that information as an array and say okay this high was at this time and this high was higher than prior to it and they're in close proximity what's the filter I'm not going to tell you that but it's not very much in terms of difference between the price and when you have that element the market will invariably start marching back to those levels it does not matter matter it ABS listen listen folks it does not matter how many buyers are buying the market to go up there and how many short sellers okay the proof of it is is just look at a depth of market look at a ladder okay a Dom not a dome okay I'm so tired of hearing people it's not a dome do you see an e at the end of that it's d o m it's a Dom okay depth of market look at those orders there's no imbalances there there's no imbalances there's just as many short orders below the market as there as above but yet the market will still march and March and March and March and go to the Beet of the drum that I tell you it does it reaches to these levels because it's coded to do this and if you do this for a couple weeks you're going to see oh wow yeah this this this feels artificial it feels like it's it's designed to do these type of things because they tends to repeat every single day at specific times of the day it will do this nobody go back to the times element every day between 8 o'clock in the morning this is all always New York local time okay so it's very important you remember that we have new people coming all the time and they'll say I looked at this chart here and you told me yeah but you're looking at it in Bangladesh time okay I don't live in Bangladesh I'm in the east coast of the United States and the algorithm is on New York local time I don't care what anybody else tells you okay that's what it's on period end the story you can wrestle with it if you want but that's just the way it is between 8 o00 and 8:30 in the morning you want to sit down and determine where are the smooth locations in price action on the 15 minute the five minute and the one minute okay and we've had the 15 minute on go down to a five so right away you can see that this High here is relative to that one and this one here also with that this one being slightly higher than that one so there's a lot of liquidity that's sitting at 17820 75 now real important it does not mean that it has to happen during that session it does not mean that and that is the underlying risk that you assume every single time you take a trade you're looking for things that are going to stack the odds of probability in your favor it does not mean it's an absolute guaranteed outcome see I have students that literally take the time and waste their time and writing me an email sometimes they're like novels or novelas and usually it's like three paragraphs of congrat congratulating me and and and worship and whatever and I don't like that usually when I get that kind of stuff I immedately this it's push the email away I don't want you looking up to me I don't want you worshiping me I'm not the greatest of all time I'm not the goat I'm not none of those things I'm just a guy that has a whole bunch of information and experience and I want to share it with you and I want to see what you do with it but these individuals will say you know I need you to tell me how to uh make sure that I don't have this wrong I only want to take this P so how do I avoid taking losing trades with a inversion fair value G or a mitigation BL or the breaker how do I know if it's a breaker or if it's a shift in Market structure well that's easy uh you have to have a higher time frame premise and the directional draw where the Market's going to go and if you think it's going to go higher um when you see the market creating a short-term term um well I'll give you an example here we have the relative equal lows here and the market drops you see that so this drop down here every up close candle on this time frame all this right here that is your breaker the most sensitive candle or range is going to be the last up Clos candle look at like this that's this range low and see where the body stopped right there we Wick through it I'm not denying that but the damage is always done by the and the Range High there that is your bullish breaker but the range here from that up close candle that starts all these consecutive up closed candles all of that is technically the bullish breaker though the most sensitivity is going to be seen in that last up close candle that is not supplying to man that's not that's not supplying to man Zone Sam sidon would never ever ever refer to what I just said never he would never do that and he would never consider that anyway because we're cutting through candles because we're looking at what an algorithm is doing not some Floor Trader ticket Runners perception of something that doesn't really exist so the turn here at the bodies that tells you what tells you the narrative so what is it going to do it's going to go higher okay so what at that time would you focus on well you have the short-term High here the inefficiency that's traded to there we want to see it trade above it and then act as what support which would be a what inversion OFA to do that what would it reach for next this high and this inefficiency does it do that yes what are the bodies doing stopping just that same level here and more specifically and my eyes didn't notice this when I put it up here you see that little separation that's a volume imbalance go back and listen to the other lectures you have to include that volume imbalance when you have clear that got whether can this your city you can see the bodies being capsulated by that and now the market trades back up into that the body's I'm sorry the body's candlesticks are tra inside efficiency it Wicks above it but look where the bodies are stopping and look where the bodies are over here where's liquidity at below here nothing in here this is all very balanced price delivery because it's back and forth every other candle is overlapping the highest high and the lowest low prear pretty much kind of like coloring it very very very good back and forth all this price actions back and forth versus then we have all these run where we have separations in here back down into that breaker there this response right here to what it's just done there that expectation in response in how price can react to levels like that that's a nice little scalp right there I mean look at it moved from 55 to what 596 that's a good run you can't get 20 handles out of that on a 15sec chart you can if you know what you're looking for now also notice we've created again High lower high high lower high but real close to one another when did it form prior to 9:30 so we have 8 to 8:30 and then you study 9 to 9:30 because it's going to do what it's going to look and seek the liquidity or inefficiencies so here's 930 there forming on the bullish breaker it trades down and then we have relative equal highs here I don't like to usually do this but I have to do it to for the S of discussion so we have these relative equal highs this high and that high relative equal high and we have this area up here so if the Market's going to do what if it's going to make a punishing move towards the shorts that want to see it drop because the market has dropped early on 7 o'clock in the morning okay and we have all these very clean levels what did we just do here we have a low it was traded down into it disrupted this little area in here so it's made this area jagged remember I was saying earlier where the Market's real smooth over here versus what it was doing down here where has the work been done meaning if there is a group of traders that are very cannibalistic and they tend to be more correct than wrong or if they are the ones that generally make the money more consistently than the ones that don't in other words think of like the world series of prer okay if you ever watched that it's really fascinating to see how the longterm players that always find themselves at the final table they may not win but they always find their way at the final table that's experience and that skill well you can see those things in price action they're like fingerprints okay you can see when the cannibals come in and they Devour the pigies they go in there and just chew them all up and it's where the market has made Jagged price delivery always it's always like this folks it's never not going to be hidden from you okay it's always Plain Sight but see you're so in enamored by animal patterns harmonic patterns gimmicky named supposed retail IND indicators everybody's got a new indicator I got one for you that's going to beat all of them if the Open high low and clo and the clock how about that how about that catch me outside how about that okay it's simple and all of you complain not all but just the ass hats there oh this is complicated this is convoluted so and so teaches this so much better okay I don't see so and so doing anything I don't see so and so doing anything but using Market replay and trying to convince himself everything he says after he says it so we had these relative equal highs swept here see that a study bullish breaker two there so how many candles did it take to do that you screenshot it how many how many handles did it run from the low to that relative equal High being taken out and once it does that keep the chart active with it on there but then just make it very very light not that light make it light so that you can still see it but have all of your focus so that way allows you to focus on the fa Gap here you trade it down into mid gap which is this wi here since price is above it that makes it a discount array consequent approachment of that trades to it we want to see it run above this some of you that are trying to learn how to do this are having a blast with this because not only am I you get things to talk about in your own journal of focus but you're also seeing things unfold over a live chart and you're watching on your live chart okay so this is not Market replay it's not delayed data okay it's not after Thea talking narrative over a chart everything that these ass has leave comments on in my YouTube comment section you can't see what I see and didn't used by it there's the relative equal highs there too so now same thing here you want to mute that in terms of its importance and now you want to see does it have the wherewithal to run aggressively for that 17,8 20.75 any of this seem complicated to you it shouldn't I already know what you're thinking and some of you said that loud yes because you're saying it when you talk about it it's so obvious when you talk about it when it's happening I can see it when you point it out I just can't point it out when I'm doing right you're just learning it you expect to be able to go out there right now if I turn this live stream off and you're just going to just know how to do it right away because you watch them disclose one or two things in one element in the marketplace now you're suddenly going to know how to do it nobody can reason to expect to do that you're placing too much emphasis on being fast I gotta learn how to do it right now because the Market's going to stop working next week next year I thought the algorithm was supposed to stop working this year whatever get out of here get out of here the batteries don't run dead on this okay when the markets are dead then I won't work anymore okay but the point is this the very very first thing you're doing as an undeveloped unrefined Trader someone like my son Caleb okay don't be offended by that son is what called you worse things the idea is that you're looking for the smooth areas where the price so obviously being defended and being presented and being offered for retail minded trades I don't look at charts I absolutely don't look at charts and think of what retail pattern here I can use to get in sync with a price R look at that beautiful delivery right that volume balance there which is inside and casul in that SIII went right to the high of that now when you're looking at price looking for the obvious very very very smooth relative equal highs or relative equal lows how do you know which one they're going to go to how do they know well I'm sorry how do you know how can you trust how do you determine which side of the marketplace it's going to reach for because what this is going to do it gives you the initial building blocks to understanding bias oh you didn't realize we were going there did you you didn't realize with all this jaw burning and half of you quit watching because I was talking about things that wasn't interesting but they're coming back to the channel now or later on they'll say damn it went it went right the where he said it was G to go it did exactly what he said it was going to do again and again and it's going to do it tomorrow and it's going to do it Wednesday and it's going to do it Friday and it's going to do it next week and it's going to do it every fraking week that I want to stay out here and do it live okay that's just the way it works around here that's the way it is because I understand what this thing's doing and then you want to screenshot that okay so when you're looking at Price action you want to be able to determine what in this whole scheme of price delivery what does it do in terms of resonating with you where would you feel conf confident this is the part that a lot of my students skip over they don't do any work with this part of it they ignore it they assume that it has no bearing on them it doesn't have any basis or placement in them okay because they want some kind of gimmicky little one two three get me in the trade where's my stop supposed to be I only want to one handle stop loss like ICT I want to be able to do everything perfect right from step one I don't want to have any adversities that's not realistic because you're going to have a whole lot of adversities and you have to invite that be comfortable with it because that's where it's going to highlight your shortcomings and your understanding and it's going to also teach you how to overcome it because once you identify what you're having an issue with wouldn't you want to know what your problems are in your relationship like if you if you were married to a new new spouse and you genuinely love them but they haven't been forthright in telling you what your character flaws are that really get under their skin because they don't want to offend you because they don't want to hurt your feelings but wouldn't you want them sincerely wouldn't you want them to tell you in a way that doesn't hurt you that doesn't jar you or make you feel offended that you want to go run to the bar and cheat on them you would love for them to say hey um I love you I sincerely sincerely care about you I I want us to be together and that romance is what you want with the marketplace you want the market to open its arms and invite you into an Embrace and feel its bosom against yours and that tenderness and that love that acceptance that I've always been waiting for you and you're finally with me and I'm never going to let you go honey I'm never going to let you go see that's what you want you want that romance but really what this is this is a dysfunctional element of family and what it does is it says listen my husband's away come on over the bed's open and you want to go there and ROM around okay and find a spouse out of that type of thing and you wonder why you end up with STD or a broken home that's the way it works but see you think it's a love story it's a romance it's not it's a toxic relationship and one person in this relationship has to be able to be reasonable and at some point the person that's reasonable has to say you know what this isn't healthy for me anymore so that means I have to turn the charts off I need to stop following this Market on this time frame right now because it's not healthy but you can't arrive at that until you do rule-based ideas and you break things down modular very simplistic nothing I did today nothing is complex I outlined every single thing go back and watch the live stream every single thing was in advance and shown to you on a one minute chart this would be further Amplified if I was shown it to you on a 15-second chart if you have the capabilties I'm not saying you have to but if you have the ability to look at a 15sec chart study every level I've outlined here and the logic of why it was going to draw up into that 17,8 20.75 level I gave you the bias before we really essentially started there I explained to you very very Bland commentary Almost Boring really it didn't seem scientific I used analogies that I thought were very simplistic you know when we're looking at areas that are very smooth contrast this area up here how that was very very smooth and these remember these levels over here show you this one in addition if you weren't looking at that that's the benefit of looking at three time frames because if you can frame an idea of why the Market's likely to draw to a high or low or inefficiency that is completely visible on three time frames that means you have three time frames telling you hey pay attention to me and if that time frame or those time frames are in agreement with a relative equal high or a inefficiency above the marketplace that means like something like this right here or this right here or this right here they're all Stepping Stones notice that they're all Stepping Stones inside the context in the underall sorry overall narrative that the market was going to go here when I first started the live session what what's the first line I dropped on the chart this one it was based on these two highs here that's all it was why did I pick this this High yes he got my question finally I've been sitting here the whole time you're talking why' you pick that high what's the first thing I told you the algorithm is going to go based on time I don't care what Mickey Mouse pattern with Mickey Mouse logic some Romper Room theory that just got pulled out of somebody's back side because they want to sell some attention for clicks and Views and mentorships unless it stems on the basis of time first it has to be the right time if it's not the right time of day it is absolutely not going to work period end the story put anybody as the mentor anybody as the Traer I don't give a I tried real hard I almost got through it I almost got through it put anybody you want in that list whatever they trade however they trade it does not work it will fail stick with it long enough you'll see it will fail more times than it but why and how is it that every single time I'm sitting down with you whether it be on a Twitter space where I was calling out the candlesticks individually before they happen or on a live stream where I'm giving you the logic explaining to you why it should do it okay and then it just simply does it how's that possible no ego seriously let's let's put it aside I'm not trying I'm not trying to beat my chest here I really want you especially if you're a first time viewer here or maybe you come back this your second time watching my live stream because you expected me to do something silly today how is it how is it that the market does exactly what I'm saying it's going to do you ever think about that how is it possible that one single person can get it right so often in front of thousands of people where many of them are hoping and praying please please God let him get it right I got to go on Twitter and brag about how you messed up today I got to make a video exposing ICT I need grocery bill [Music] money you're so fun to manipulate all you haters but 7 o'clock is a very key time that starts what the morning session it matters not that we're trading Forex or Futures the morning session am session starts at 7 o'clock in the morning near time okay so you can have a model that says I can't be in front of the charts between 8:00 and 8:30 and maybe you can't even trade the 9:30 opening bell for indices because you have to get ready for work okay but it just so happens that the time elements in your personal life and geographic location in the world that it allows you and aord you to look at the Mark between 7:00 and say 7:45 worst case scenario 7:30 if you're going to work with smaller time frames you absolutely can use 7 o' to 7:30 as a model to do this very exercise same thing so your key times are this 7 o'clock in the morning to 7:30 in that 30-minute window you're going to look for relative equal highs and relative equal lows that have happened prior to 7 o' okay and you're going to be looking through the time frames of the one minute chart the five minute chart and the 15 minute time now Caleb you're not expected to do anything else beyond that until I change the depth of what your focus should be right now you're just having three charts up since the 15minute time frame is pretty pretty static you only need to refer to it once in the morning and then your second chart could be the five minute chart that's what it isart but then what you're doing is is you're watching between 7 o'clock and 7:30 or 8:00 to 8:30 or 9 to 9:30 opening belt you're looking for where is the market smooth smooth because Still Waters invite rocks think about that remember being a kid walking when you see a pond it's real smooth wow look at that was like a mirror you can see the sky's reflection off of it so smooth what's the first thing you jumped in your head I need a rock for what because you can't accept that our sinful nature says we have to disrupt that so you pick up a rock and you want throw it out there why what's it going to do it's going to cause ripples that's exactly why a weak character individual in a relationship will have a beautiful relationship a wonderful relationship ship something smooth ain't no drama no reason for Ruckus and what they got to do they go out there and you chase some th go to the bar and pick up some Floy or some silver tonged box it says all the right things for her and you invite that destruction well that's what the market does folks it's a dysfunctional family environment and you have be the one that says not today Satan not today not today I know your tricks I know your snares I know how you're going to do it okay so what's the market going to do every single session in the morning you have three opportunities and you don't have to trade in the afternoon you don't have to trade the London session you have three opportunities in the morning to set the stage for a run that will build if you don't have any understanding about bias okay if you don't know what direction the Market's going to move in when I go into other people's live streams and I say note this note that here's the secret I just gave to you what I do every single time I go into uh tja traes when Patrick will had balls and let me into his live streams and chat he won't do that now because he's gonna be pay me $500,000 this year um the whole business of anyone else I talked to trades by mat for a mon told him what I was going to do what I was looking for in private text and he can show I gave him permission he can show you what I was expecting and he watched me do this for almost a month and I got two or three of them wrong but most of them were like and guess what I was doing folks but I just taught you here Tom hugard not as much as I shared with ch my that but in certain instances I shared him this is what I'm looking for this level so it's not like I'm not afraid to share this I I've put what I think is going to happen in the witness of other people and they can come out and say yeah this guy don't know some's talking and they're not telling me that I'm invited them prove the world that I didn't do that I like certain people in this inders and the ones I like I converse with I share and I engage with and when I go into other people's live streams and I'm helping promote them uh sometimes I'll go out and I'll point to something and I'll say watch this level when I was on Twitter watch not this level I was doing this and my private mentorship never learned this I never sat down with them never told him that this is a secret weapon it's a it's a bazooka when a BB gun's necessary when all you need is a match this is a flamethrower it's it's it's the thing that makes every playing field even they cannot hide it from you they cannot hide it from you you're never not going to be able to see it it's always there and in plain terms it's this if you can contrast one side of the marketplace against another let me let me do this in this little area down here okay in a small little open section I'm going to say this I'm going to close it somewh be with my wife and I hope you haven't if you take this a moment for now if you learn something today and if you didn't learn something you're a fraking liar okay but if you honestly was with me this entire session and you watch me outline this and I told you why it was going to go here what levels were key what to focus on and you watch it pan and you understood and you understand now and if you don't I'm going to make it clear for you give it a thumbs up because I that as I appreciate you spending time with us on C I don't need to be doing this I can do this privately with Caleb I don't I I can tell Caleb I understand that you want to make a YouTube channel I understand that that could make you a little bit of scratch and money I understand that but no I don't want these people to know this I could do that and I don't feel bad telling you that openly because I've done a lot of that stuff that I don't want to share certain things because it's too good because 20-year-old kids go out there and pretend they didn't learn it from me and they found it on their own and they relabel it so they can make a name for themselves and then eventually people find out about them and then they expose them D you're nothing more than just an ICT ripoff and you can spare yourself of all that stuff just by being honest and say you know what thank you ICT for sharing this I'm going to make it mine and this is how I use it I got no I got no problem with that I got students out there that doing mentorships now okay it's their business it's not mine they're not hiding where they learn it from and that that's all I've asked for this is just remember who fed you that's it I'm not doing paid mentorships I could be out here teaching this kind of stuff and more for millions of dollars a month all over again folks I don't want it I don't want it and if it wasn't for my son tapping me saying hey Dad give me another chance of do this I want to learn it I wouldn't be doing this have you been seeing any videos no I'm not worried about it but since he wants to I'm going to pour myself into it I'm going to pour everything I have into this and I'm not fully back to myself I'm not doing well like I I've been experiencing vertigo I've had ey blood pressure I've had chest pains I've rushed to their Hospital like I had a lot of stuff going on and I'm not stressed about nothing it's just my body's going through something and I don't know what it is and I don't not know how to trade I know exactly how to trade I know exactly what these markets going to do any given day even on Sloppy Seek and Destroy days in fact I'm going to wait until we have one and I'm going to show you me executing in one of them I am not fearful of any of these Mar profiles I'm not fearful of my stuff falling out of style because there is no style this is the market this is the source code but when you set up a framework of whatever you're going to study in the morning if you're going to trade the morning session your key times you have to absolutely be in front of the charts between 7 o'clock and 7:30 in the morning always New York local time okay if you can be in front of the charts by 7 o'clock this is what you're doing but if you can't you do the same thing at 8:00 to 8:30 the same thing at 9 to 9:30 okay this is your pre-market range write that down because if you don't write it down you're going to forget you're going to call it the opening range it's not the opening range the opening range is the first 30 minutes after the opening BT at the New York session the first 30 minutes after 7 o'clock to 7:30 that is your pre-market range 7:30 to 8 o' is your opening range remember I was telling I could trade every single hourly candle now you're starting to think your are turning aren't they it's fun isn't it and obviously the 9 to 9:30 that's your pre-market range and then post 9:30 to 10 o'clock that's your opening range there is no 15 minute opening range I don't care what anybody tells you okay it's a 30 minute opening range that's algorithmic okay so what you're doing and this this little range here that's being shown here with this rectangle what I'm saying is this is essentially that 30 minute interval whether it be 7:00 to 7:30 or 8:00 to 8:30 or 9 to 9:30 that pre-market range in that range what you're doing is you're looking at this this line or beginning of that shaded area would delineate the 7 o'clock or the 8 o'cl or the 9 o'cl where it begins at that specific top of the outle and then this would be the range that makes up that first 30 minutes now it's not obviously the scale but I'm oversimplifying for the of teaching what I'm saying prior to that range anything before or to the left of this you're looking for equal highs or equal lows which side has it because that's your bias it's going to draw to that how do you know if you have both because I heard you you're thinking but what happens if you have a relative equal High here and relative equal low which one you wait for the first one to get disrupted because once that happens then you work to the other one that's that's your bias so you have to defer and wait now gamblers or live streamers that just want to have people watching and doing anything and not really executing on stream but after the trade starts moving in their favor then they'll show to trade here what good is that what good is that that just proves you're not confident in what you're doing and you're going to show it after it's moved in your favor talk about it explain it and then do it I'm going to do that but today I gave you a clinic on how to determine bias how it's easy for me and it's easy for you whichever one has the relative equal highs or relative equal lows that's a smooth area it will be disrupted anywhere where you see Jagged edges like this down here see I went Jagged and then ripped higher what's it telling you what's it telling you I'm going to look for buy side liquidity buy stops this has been a trap they engage traders to go short they're they're trapped short on a breakout or they're not trying to take the shorts out of the market yet and that's why you see all this in here creeping up this is all balanced that's why this Spike stop right top of the breaker isn't that interesting isn't that interesting I've been talking nonstop no chance for me to have another add over voice over it's all live you watched me do it live I explained the logic and now here's the wonderful thing you have the privilege to go back to your charts and back test this and your jaws going to drop you're going to be thinking it's always been there but I've been looking for this stupid ass harmonic pattern I've been waiting for my yin and yang to appear in my chart I've been waiting for my moving average is crossing over but my my Lux algo indicator said this and then said that and I got tripped up I thought it was going to do no it's all there's nothing complicated about what I said in any of the mentorship the years they're just very deep dry lessons that give you the why because I'm a person that's highly technical I want to know why it's going to do it don't tell me something and then do it 10 times and we write 10 times and that's not going to convince me of anything I need to know why it's doing it and if you don't think critically about that you're a gambler you absolutely are a gambler I need to understand before I put money behind it I need to know why is this Market going to do this then at that time why should it behave that way and folks you can't get any pler or simpler than simply saying okay where it's smooth now you're going to say well this isn't new ICT you talked about relative equal highs and lows before right and I taught that you should be aiming for them but you haven't been trading like that you've been doing other stuff and then cussing me behind my back saying this stuff doesn't work this guy's a fraud we don't see his name on the leaderboard he's a fraud I'm out here in front of your life telling you what's going to happen you think I can't do that in Rob's C you think I can't do that come on you guys are Gable man you're so easy you're so easy I love it I absolutely love it but anyway Market trades down to the bullish breaker that I absolutely identified before it hits it and then goes to the relative equal highs I told you to focus on and then I gave you this one here and I told you this inbalance it's prior to these relative equal highs being taken but this was where we were focused on and look where we're trading see that now in closing I really do have to close in this price run and we're not going to use all of this this is capitulation it's getting more excited if we have this segment of price action okay if I'm identifying this area up here okay more specifically let's be honest because this is the one I drew your attention to first so we'll stick with that even though that that other one wasat even before it got Traer did you get the video a thumbs up by the way did you take a take a second of your time to press that up thumb icon on YouTube that's free I didn't charge anything for it because that really is a way for you to communicate to me that you had fun today that you really did leave and learn something and now you have something that's tangible that you go back and look at every single day in the past in journal because you should be doing that every single day you break down the at 7 o' in the morning have 7 o'clock in the morning all the way till say uh 11:00 okay so it's four hours and you want to have your 15 minute time frame your five minute time frame your one minute time frame charts and annotate it may require you to have multiple charts from that individual one minute chart where you're zoomed in and you're Ting something specific that are very Salient to you because most of you may not have trusted this as a bullish breaker when you saw this drop in here you're hoping and some of you were probably tickled your was puffing and thinking he's getting screwed in in front of all this I love it I love it I love it you're drooling and then what happens it rips your face off and I'm right again I know I know I could have a whole lot of fun with that but I'm not because I'm here to try to teach my son and you're here to learn if you go back through all this price run here okay what you're going to do is you're going to focus on the points that make the most obvious that you could see and it says you know what I understand this even though ICT pointed out this breaker you may have noticed it maybe you didn't if you didn't that's not your PD R if you noticed that it traded down into this sphere Val you got right there inside of this old Cy which is essentially where that midpoint between where we expect price to trade to which is above these highs and where it traded from see that so if we see where it's likely to go and where it went from where it originated from where's the midpoint well let's do a simple measurement here's your fib and we're going to say something above these relative equal highs we'll just randomly pick an area right there okay I'm just being very Bland there's no real reason I'm picking that price it's just simply slightly above the relative equal High there's no other logic simply that okay so I'm not trying to complicate anything but if you take that and you go down to the lows that are relatively equal not the lowest low that's the manipulation you want to use the relative equal lows like that okay see that and then you have essentially the midpoint here in close proximity to that you have this fair value Gap and you have a sp and this one here can be used even though it's a little bit above equilibrium because we didn't take this high and that high out which I was outlining to you real time take that out yet we didn't take out these two relative equal highs when it was traded down to the breaker but what happens when it trades up here and then at real time I said watch this fair value got watch the stream go back and watch the stream when we were trading right there I said watch and here we are trading got here and then takes off and runs to where we were waiting to see it deliver the smooth areas are going to be attacked the sharks are going to go to Still Water that's where they're going to go why because as soon as someone in there starts shaking in fear that their Stop's going to be taken that still water will Ripple and that triggers a frenzy and the sharks are going to go right there you don't trade into levels where the sharks have already had a frenzy and that's down here okay they've already done the work there's been an attack down here how do you know there's been the great disturbance in in in what price was doing and how it was delivered it's Jagged like shark teeth cutting through the side of a whale's body it's been damaged delivered you can see it it's physically representative in the jaggedness of the swings going down where we don't see that jaggedness up here it's nice and Smo thrilling biting it's safe put your stops above you like a siren calling out to the sailors come to me come to me and crashes them on the Rocks I know Mr anology I don't know where it comes from but you have to go through all of this price action in here and determine what price level makes sense to you which one resonates with do you see the fair value gaps where I was outlining before I did it did it make sense when I was drawing them out did you change your expectation and get fearful that I'm wrong and it's not going to go up there because that this drop here what's occurring here the only thing it's doing is at 9:30 during the opening range it's doing what it's creating a Judith swim something that's opposite to the real move the real move was given to you with these highs it's going to go there at any time did you hear me sound nervous in front of all of you I don't know how many people were watching I think there was like 6,000 earlier first time I checked the streams continuity but I haven't seen I don't know what the highest high do in terms of how many people are watching did that sound like I was nervous because I don't think I was nervous at all way and I've been really really trying not to say any embellishments on the curse words and stuff but sometimes it's just it has it find its way out I'm I'm human I'm a sinner and I have to repent all the time when I do it um I always regret when it slips out but that's I'm I'm real like I'm a real person and I have character flaws like anybody else but I try very very hard today not to use that type of language but depending upon what subject matter I refer to it will it'll draw it at me and I'm not proud of it but anyway we can see how that c becomes an inversion Fair Val G here and then it sends price higher reches down and then you have your second leg redistribution and it the smooth area thats up this Market I knew it I yeah that's how it is so when you're looking for the bias okay the easiest most scientific proven nine out of 10 doctors approved ICT has nailed it down to a science of wherever the smooth equal Highs are or smooth relative equal lows are at the beginning of 7 o' to 7:30 or 8:00 to 8:30 or 9 to 9:30 you got three opportunities three chances okay as each one of these time Windows passes by so at 7 o'clock we formed the relative equal high and then at 8 to 8:30 we didn't go up there yet so that means that what 9 to 9:30 chances are that's the Run see how that does that it increases the likelihood of it going there it doesn't diminish it because it's building up more trust in that are right there so the framework begins at 7 o' in the morning start looking for relative equal highs to form not before key key takeaway is not before 7 o'clock at 7 o'clock look for them to form big big big big takeaway there okay if you're looking for relative equal highs PRI 7 o'clock in the morning you may you may get it but many times you're expecting the London session to be completely overd and it's it's most times not the case so it kind of like builds in this filter where you're not trying to demand that the run on London is removed or or dismissed because of price over overlapping it and going back over top of it because the general consensus is we could see the higher low they form in m so if it's bearish or bullish relative to a higher time frame draw which is not necessary notice I haven't even used that here yet only thing I used was a 15minute time frame a 5 minute time frame in a one minute time frame and I was framing on the basis of time because I understand my algorithm I understand what it's going to do I understand exactly what these markets are going to do every single day every single day it will not stop it will not be hidden from you but it can be disrupted by manual intervention and that always cause me to lose it will always cause me to be incorrect because that's something that we and no one can predict it's their Casino if they want to come in and you know disrupt everything it is what it is and that's the inherent risk that every one of us has to assume while trading so that's that should be the number one reason why you should never over leverage because that is always looming and condition in the marketplace right now in geopolitical tension and turmoil that is expected to unfold at any given time any moment folks things could pop off and your little indicator or your little market structure idea whether it be mine or somebody else's stuff means nothing when that happens it literally is Canon fodder it's gone you're dusted and if you happen to be overleveraged when it happens you're going to and sorry but it's not going to be pleasurable it's going to be it's going to be a hard swallow and probably end you and take you out the game entirely and all of that is avoidable if you don't over leverage if you trade with one contract and you try to capture moves like this I promise you're going to beat the socks off of every one of the live streamers out there and my students included all of them that are doing well now they're going to start applying this and watch and see how well they start increasing and people that don't their trades are going to start working and go back and look at what I'm taught you here they're going you're going to see that they're using this too it's a secret weapon I didn't want to give it to anybody I did not want to give it away to anyone it's a it's a home field advantage one of many that I have but because I want my son to know what he's doing that's real simple it's it's not complicated it's one or the other and if there's two extremes above and below the range that's relative equal high and relative equal low then you just wait for one of them to be disrupted and just sometimes you'll miss a move sometimes it'll do it and then you won't get a trade who cares who cares when you back test this you're you're GNA see like what am I worried about man like this is so many times offered to me every single week right that's the mindset you need to come away with not I got to trade every single day when it's so obvious when it's so obvious that's the ones you want to trade on because retail is going to have every hope and prayer hanging on those relative equal highs thinking it's resistance and they're going to eat them they're going to devour them and grind their bones the powder and you can have a moral dilemma and have some convictions about that being oh I can't do that to somebody else I can because they signed the same risk disclosure that I do when I open to and if they make the wrong move interrupt them that's how you eat that's how you eat here and if you have a problem with that then trading's not for you and there's nothing wrong with that either but hopefully you you see that when we're doing this we're not trying to be smart we're not trying to be more popular than somebody else we're not trying to get more attention and more viewership or more followers we're in here to try to make money so that way you can make your ends me that's it and some of you will supercharge that and become pillars in the community and and and Titans and be so much bigger than I am and I'm here to see it I want to see it I want to cheer you on I'd love it for one of my sons to be that person I've been trying to cultivate that since they were little but they're they're individual personalities and you know how it is you listen to your parents and even if your dad can do it and prove it over and over and over and over and over again sometimes still isn't enough as a motivation to do because you have to want to do it and guess what makes that happen when you make them work menial jobs and they hate it what's the alternative College that's have the question so do what works do what works and can be proven I could do this in front of the Supreme Court right just like I did today I ain't afraid of it I'm not afraid of this and when you get that confidence it's not arrogance but when somebody doesn't know how to do something and they feel miserably when they hear somebody talk like that and when they see somebody display it it's so uncomfortable it's unbearable for them so now you are a narcissistic jerk you're arrogant you're conceited okay is that going to make me lose money on the next trade no is that going to make me forget that the logic that is being employed here no I'm not here for friends I'm not here for friends neither should you be I'm warming up to these candlesticks when it's appropriate but when the date is over I'm going home alone they're not spending a night with me that's all it is it's a momentary engage and I'm leaving before any kids are made simple as that I'm staying protected I'm wrapping up I got a stop loss I know when I hit the brakes and go out the other direction if it's a grenade I'm getting out of there before it does any damage and that's me thinking like a man for the ladies you you come up with your own analogy I'm not that good with it with the lady side but hopefully you you've learned something today um I'm going to close this one I going invite you all tomorrow to to come back if you found this insightful it'll be a little bit more technical tomorrow uh today was more or less the mindset how to relax when you're watching the charts and what to look for so that way you're not holding so much expectation over yourself and then you can enjoy enjoy studying it because it's important that you do enjoy it because if it's if it's daunting and you're not really seeing any kind of fun um char istics in it it's going to be very hard to stick with it so I I tried to cultivate that today if I was successful you can obviously show me by giving a thumbs up I promise you I don't make any more money I thumbs up and you don't take any money from me when you put the thumbs down either it doesn't change anything but it's just a way for you to give me feedback that that you found something in this today that made sense for you that you are inspired to go into your charts and you had fun while you were running so this is going to be the end of lecture number one dealing with the foundations of determining a bias it's very very simple it doesn't doesn't require a whole lot of complicated things it's very time specific without the time elements none of it matters and it's very very rule based that doesn't require a whole lot of moving Parts where it's smooth it's going where it's Jagged it's going to move away from very very simple logic folks not complicated at all and I'll talk to you tomorrow Lord willing be safe
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