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ICT 2024 Mentorship Lecture #3 August 7_ 2024
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e e well good afternoon hopefully this audio will coming through now okay I hear myself now so should be okay I know some of you are going to be wanting me to uh Pump Up the Volume but uh as you can see I just did as I normally do and for whatever reason YouTube likes to mess around with me with my audio so they don't want you to know they don't want you to know the secrets okay that's what it is don't tell nobody everything I tell you today just keep it to yourself okay it's a secret all right so anyway um today will be a rather brief one notice I didn't say short okay it's going to be a brief one uh meaning that I'm just going to cover some salium points uh refer to some things in terms of processes and protocols for the afternoon session and I'll stay with you probably till around 3:00 okay so we'll we'll aim to break away at 3:00 all right so U if you recall the last two live streams I've had a casual in introduction kind of like warming up to the idea of just relaxing when you're watching price and then the second one I gave you very specific things to look for what does it look like on the chart and now this one we're going to talk about if you're going to be trading the afternoon um I'm full full disclosure I'm trying to press my son Caleb into the morning session okay so most of this mentorship is going to lean heavily on the 7 o'clock in the morning to 11 o'clock in the morning New York local time okay so inside that 4our window I'm going to leave it up to him to determine how his body behaves and you know how he feels in those early hours you does he want to be trading as early as 7 o'clock as a start time or 8:00 or is he just going to Simply wait for the opening bell at 9:30 and use that 9:00 to 11:00 2hour window there so that part he's being afforded that uh that decision but as the dad uh exercising my dominance and Authority I'm assuming that uh everyone understands that this stuff will work in the afternoon too and I'm going to give you those rules but these are not for him okay so Caleb this is not for you but it's for the sake of completeness okay like I'll show you um how to do it in the London session as well we'll do it you know over live data as well but for the afternoon session um sometimes when you look at the economic calendar uh there is an absence of any significant medium or high impact news events and what do I mean by that if you go to like forexfactory.com or Econo day uh they they give a really good breakdown of every single calendar day and what time specific Market drivers come out I means some a speech um a market data release like a report um think like PMI CPI you know those types of things when we have a day there that has an absence of any news drivers in the morning uh that tends to be a rather lackluster rangy type false breakout and and then pull back down into the previous day range type of day or reverse if it's it's trying to move higher so I try to look for reasons to anticipate an afternoon move because the morning session can tend to be a little bit more um it Demands a lot more experience let's put it that way because you can you can get caught offside you can think you see something that's there trade it and then it reverses and goes the other direction or goes into a consolidation if you notice on today's calendar and I'm going to leave this up for you as your own little homework assignment it's it's not that challenging I promise most of you are aware of if you're a student if you go to forexfactory.com and you pull up today's calendar you'll see that there is a bond auction today at 1 pm eastern time and I'm going to talk a little bit how to use that how to trade it I've never taught my students that um but it's something that um it's not a terribly volatile report it's not like it's not something that you know you're going to burn the house down with but it is absolutely something that you can trade it does give a little bit of volatility it does give you you know a little type of momentum to work with and if you have a little bit of a narrative and I'll talk about that in a moment you can find some setups okay and I I watched the piece by another YouTuber Kimmel um very interesting video U I found it funny um but I left the comment on here so that way you know it's really me I See's a fake okay he's a fraud hard pass anyway all of the YouTubers that use me as a way to like P pump themselves up um I'm I'm causing purpose purposeful resistance for you okay um I don't mind you using my content but I don't like using me as a springboard that that that type of stuff um so if you have something you've been doing on your own with the things I've taught then hey I got all the respect for that but if you're just trying to teach and you're not doing anything with it uh Kimmel's proven he's made money with the stuff I've taught so I got no problem with it um but the main thing is I don't want any of you especially if you're a new student here don't look at me as a hero don't look at me as your Guru don't look at me as your master okay um you're not here to worship me you're not here to lift me up or promote me or anything like that you're here just to learn that's it that's all it is that's the economy here you put it in a time I share what I'm willing to share and then you put it to work if it works for you great if it doesn't there's plenty of other people out there to learn from okay I'm not going to ask you for a Paypal payment I'm not going to ask you for a credit card payment I'm not going to ask you for a what's up app pay nothing it's all 100% for free but one of his statements in there he opens up his video with and a lot of people have said this that there is no guidance there's no direction there's no what to do and I agree I agree to some respect if you refer back to when I was teaching on baby Pips because it was meant to be like that I wanted to see if I left some breadcrumbs could I create this test tube response of other other individuals watching what I was doing could they had the same result that I'd had and come to the conclusion of what I see in price could they do it and no has ever done it even still today with even all the students I have no one's ever been able to do that so U when I started doing mentorship um I started doing broad brush Concepts and protocols what to look for where is the focus where should your focus be okay and it started with time of day London session London open and then New York open London close PM session for the the American markets like the indices and and such and then I went into teaching very specific things but they're tucked inside of all of the long winded dry commentary that's where I tucked it in I have taught how to trade very specific do this do this do this do this do this okay and the reason why it doesn't feel like it was like that because you all want me and I had it in the previous video here um in part two of this mentorship there's a lot of people saying you talk too much you could you could just tell us how to do in 5 minutes I'm not watching your next video good but I know you're here watching this one too the the main takeaway is for you to number one understand that there has to be some reason for the setup to be there okay and majority of your time as a Trader is going to be spent waiting for that very thing to occur now that's not to say that the market isn't moving all the time it absolutely is but just because it's moving and gyrating doesn't mean that you're supposed to be in that right now move that right now move may be completely diametrically opposed to what you are trying to do for your trade because your trade may spend outside the realm of the next 20 minutes or the next hour or today's entire trading session you may be trying the nail down a trade that goes for weeks so there's a lot of room for you to make what it is out taught your own that way you can take it and apply it to the marketplace a time frame a scenario that you're looking for that meets and fits your personal unique personal life schedule and the aptitude that you have using the information I've taught so predominantly most of my content is allowing and affording all of you as students to find your own mold your own way of framing these things okay and and Kimmel yes I do have 81 for the Joker that left the comment in your uh thing it's not 84 and it's 81 very specific PD arrays and they are both entry mechanisms they are partial mechanisms and they're take-profit mechanisms okay um I know sometimes people like to use reverse psychology like I'm going to go out there and prove that I have here's 81 of them I'm not doing it but I'll teach you one or two of them extra today just because I want to do it but these mechanisms okay these little things these little quirky little excuses to get into the trade with a Precision element that's not linked to anything where I can say I learned it from so and so's book or I learned it from so and so's course it's something that's in price action and when you observe it you see it and you start seeing it a lot and then you can anticipate it should form when it does this and it starts doing it and you do it for 20 30 years you don't need to be convinced any further of it right so when we look at times of day like I said I'm pushing Caleb into the morning session he may elect to go when he gets good at the morning session he has to do that first then he can make the decision if he wants to go to an afternoon session or if he wants to trade to London session but I'm going to force him and twist his arm basically that he has to perform in the morning session that's that's his payment for me investing my time and energy and pushing him along he has to do it there so it's kind of like uh remember the movie Kill Bill she went to train with uh the master and he was going to put her through the ropes the way he wanted her to go through it well that's what I'm doing with him okay because he's going about this the second time around so he's going have to earn it a little bit harder so morning session is his Focus but the afternoon session has its own characteristics as well and just as much as the London session has its own characteristics so if you are just looking for a way to get in the marketplace or how to trade and get in you you can clearly find that on my YouTube channel it's absolutely easy Silver Bullet optimal trade entry um it's it's it's a matter of what is it you're trying to do and if you go into the mentorship which is all for free on this YouTube channel you go into the playlist you'll see it it's divided by month I will teach you very specific Els about short-term trading day trading swing trading Ultra short-term scalping and they're very specific elements but it's assuming that you have already done the work of looking at all of the broad brush Concepts and modules that I've have on this YouTube channel for someone that's brand new just stepping out and say I'm going to watch five videos from ICT today you're not going to walk away understanding it you're not going to all it's going to do is give you better Foundation One More Cog in it and those pieces come together when you sit down like I was explaining yesterday and in the first lecture as well when we're watching real time action you're not trying to hold your feet to the flame and say I have to know what it's going to do right now it's it's not realistic for you to have that at the early stages and you got to give yourself permission to do that and have that peace of mind knowing that keep doing what I'm showing you how to do and it will come by default it will be a response naturally because you'll see these things repeating over and over and over again and what will be exciting for you is that you see them occurring at the time of the day when they should occur which removes the whole the whole idea that the markets are ambiguous they're random and they're in no way shape or form RI not rigged when they absolutely Absol are they really really are so maybe we first saw this uh live stream when I first first tried to start at 1:45 I noticed I couldn't hear myself but I I put the screen on so that way you could see the new day opening Gap high and low and we're going to talk a little bit about that because Caleb that's going to be like a lot of what you're a aiming for as an underlying narrative okay so while you may be aiming for an intraday okay or intra daily session relative equal high or relative equal low the draw to as an objective for your trade it's going to be linked to a new day opening Gap and or new week opening Gap and if this is the first time you've heard those terms I will explain what they both are in this one and what you're going to be doing with them Caleb okay so we talked a little bit about how at 7 o' at 8:00 and at 9:00 the immediate 30 minutes after that or each one of those top of the hour intervals we want to anticipate a opposing Direction in the marketplace so the assumption is you have already identified after 7 o'clock in the morning New York o time a relative equal high or relative equal low or where price is smooth okay and then you're anticipating you're not arm wrestling the market you're not forcing that it has to go there because you now see it so therefore it can't do anything but go there that's not that's not what you're supposed to be doing either which is why I taught you in the first two sessions together is just to relax and observe you have to observe you have to sit back and watch what does price do and record your observations if it means taking screenshots as price is going and moving around and it may not be near anything of any particular importance like an order block or a fair value Gap or something like that uh and no Kimmel an inversion fair value Gap is not just a fair value Gap there there's two distinct things going on there but it's okay it'll be in the book the idea of you using these intervals as a starting point a delineation in time so okay now I'm really focusing it's it's 7 o'clock in the morning whatever's happened overnight during London whatever's happened in the previous trading I'm not factoring anything in yet I want to see the design the engineering of liquidity and what does that mean when price creates these really smooth areas of relative equal highs or relative equal loads after a session change over meaning at midnight New York local time that is the beginning of true day that's the beginning of the real true day in financial markets so the algorithm likes refer back to that time and then everything since that time it'll refer to for the purposes of liquidity or inefficiencies outside of that you'll have things like new week opening Gap and or New Day opening gap which is what you see here on the chart new day opening Gap what that is and let me just maximize this chart well actually let me throw it on a one minute chart it'll be a little bit easier for you to see it every day except for Friday the this is for specifically the index markets okay so while I'm teaching my son how to trade and make money in that asset class uh this is not um something to lose your mind over it's really simple at 5:00 pm again every day except for Friday the market closes at 5:00 pm it's it's just it stops and it pauses for an hour and then it resumes at 6 PM Eastern Standard Time if you take your one minute chart you don't have to have live data to do this it's something that is a longterm effect on price action it'll it'll be used for weeks okay and I'll explain it in a second here is the 459 candle on a one minute chart my candles that are bullish or green and my candles that are black or bearish so the up close candle that is the closing price where we stopped and it's the last print for Nasdaq on Tuesday going into the 5 o' stop and then at 6 o'clock all you do is simply get in front of your computer wait a couple minutes right before six o'clock and wait for the first print on a one minute chart when it opens up that opening price you drop a line segment on it okay okay and what I do is all I do is I take this little line thing here horizontal Ray and I just go and I drop it on the opening price and you can annotate it any way you want okay I know some of you folks that are on on the other side of the pond if you will uh you don't like to see our numerical version of like today's date for me would be 08074 and for you across the pond you would probably see that as July 8th and obviously it causes confusion so I I generally don't annotate it like this but for the purpos of not confusing anyone and for completeness sake um when you highlight and annotate your chart you have to do this okay this is the part if you just put these lines on your chart and you're going to have about five of them because you're going to use the present week or if it's on the weekend the new one that forms on Sunday's opening price you annotate that on your chart and then you'll have four more prior to that so you're always going to have like a floating reserve on your charts of five weeks of new week and new day I'm sorry for new week opening gaps five days look back for New Day opening gaps new week opening gaps is five weeks so when we have these levels annotated like this you can you can call it whatever you want you can label the way you want but I taught my students that this would be referred to as the new day opening Gap High now why is that it's the new day opening Gap High because at 7 o' in the morning on Wednesday and yes that Gap forms technically on Tuesday evening my local time in the Eastern uh east coast of the of North America but that's really technically a gap or inefficiency that is attribute to and should be used for the basis of Wednesday's trading so it's a little confusing but if you rewind that and listen to it again it's pretty straightforward but at 7:00 in the morning There's 7 a.m. and if we scrub this down here you can see that we are way above that new day opening Gap see that and since this is the first level you would come to that makes it what the new day opening Gap high and then the next level below it which would be which whichever is is the next um reference point you can have a gap in this case we have a gap that has gap down so where we closed here on this Candlestick there on Tuesday at at 5:00 we open lower see that now when we drop down to it here what we have done is we left this portion between this candle's low or whatever this one is whichever's lower that little segment of inefficiency is still present because what is it lacking what's it missing sside delivery not sside liquidity cide delivery okay so if you look at this Candlestick here we opened and trade it up so there's nothing passing down into that candle's low or I'm sorry the opening price it's it's not it's not offered yet so when we annotate our chart like that these these gaps okay these gaps will be referred to for a week now sometimes you'll see they actually get referred to couple weeks later still they they'll be sensitive because they're real algorithmic arrays where the market will refer back to them but I'm not going to be able to teach you every aspect about those things because to do that opens a Pandora's Box for me and I'm not going to do it okay the fact that these exist and once they get traded to anybody else that looks at gaps would think okay it fill the Gap and that's it throw it out the window it's done it's over kind of like how the the the myopic view of supply and demand where they say I need a fresh Zone everything I serve up as a PD is piping hot and fresh every single time it doesn't get stale okay but for the rule-based idea Trader in you new day opening Gap this is the part where you write down your Journal folks or your notes new day opening gaps have a life cycle of five days okay you can use them longer if you want to but for the teaching purposes when I taught new day opening Gap first I taught it on Twitter I introduced it there in Twitter spaces and I talked about it as a aftera and made its way into my lectures on the YouTube channel they can act like magnets where draws price back down to them because these levels these gaps have real value in them because there's an absence of any real trading even when you see them open up initially here we can see that it opened there it traded above the previous day's close does so here and comes back down and then runs back up stays around in here runs back up stays around here drops Sol drops a little bit and leavs a small portion if you take a Fibonacci okay if you take a fib and you drop it on the lowest open or close if we me let me say this part first before I get any further if you look at it from here I going to zoom in use this little thing the Jen here zo real tight here's the closing price on the Tuesday at 5:00 we opened down here so that's a lower gap opening the opposite would be this where we opened above that closing price so if we opened up here then you would draw the same lines the same way and you you're using this Ray down here that extends it in perpetuity it keeps going to the right it never never stops projecting it to the right and your an ations when you annotate them put it on the middle and to the right and then you label it real important that you put the date in it whatever format you want to use it's that's up to you but that format or that date rather helps you organize the level of importance so what does that mean if you have a uh new day opening Gap say for I don't know two months old okay two months old and we haven't referred back to it since the day that it formed and then in that in that instance I would find it it important I have a a journal page a spiral notebook basically and I write down every single new day opening Gap high and low and it's midpoint or or consequent encroachment and I I'll explain what that is in a second too and I keep a running log of that and as long as we're 150 Handles in close proximity to any one of them then I personally will look at them so I'm kind of like showing you my hand a little bit today so for you because it's something probably new to you and you're probably going to have a whole lot of them on your chart because you're going to think that you have to have every single one of them forever it's until you know until you run away from all the ones that you're presently trading around um you don't want to clutter your chart up but I like to see them and in in my journal that has a spiral you know page that it's basically a column and I write down what that market is and it's usually just the S&P and the NASDAQ and sometimes the bond market the the high and the low and the consequent encroachment and the weak that it opened up and formed so for instance this is for Tuesday okay on the day it formed but is it for Tuesday's reference no it's for Wednesday's trading and that's why it's labeled that way okay so you're going to use the next day after the 600 p.m. Candlestick so if you look down at the bottom of the chart down here it says Tuesday August 6th but really what we're doing is we're building a reference point for Wednesday's trading and for the next five days so that means this will overlap into next week five trading days not five calendar days five trading days okay if you have a holiday skip that and add one more day to it and that's kind of like your life cycle for New Day opening gaps new week opening gaps go back with a life cycle of five weeks so you're always going to have five weeks of new week opening Gap and a new week opening Gap is where we stop trading on Friday at 5 o'clock and then where we open up at on the the Sunday at 6 p.m. and then you mark it the same way here the only difference is you would say NW which is new week opening Gap they tend to be very sensitive still five weeks back now that's not a it's ended at five weeks and you can never refer to them again okay it's just a general rule or principle that you can start with you're going to discover that they work six months nine months still away because there are actual places where the market didn't really efficiently trade as I'm showing you here but if you take the levels once you have them that have them on your you want to on trading view you want to create a um I don't know what they call that let me let me let me do this real quick whatever this is called up here layout okay you want to create a layout that has a title that maybe it's new week opening gaps and on that layout the only thing you have referenced for the market that you trade or markets um or simply just the new week opening gaps and or you create a layout that has the only new day opening gaps or new week opening gaps rather that is sailing to your market so that way if you're ever watching price action or if you start your new trading session today or tomorrow or tonight whatever you trade when you when you pop up one of your uh layouts you'll have the information right away populated on your chart and you don't have to have all that stuff on your chart when you're working with the chart time frame that you're exercising or executing on so I'm I'm saying that for the folks that are working I'm physically sitting down with you with a laptop so I don't have all the multiple charts or can uh screens in front I mean they're in front of me but they're off but I'm trying to teach it from a perspective of using a a single device like one laptop so that way it helps you manage your information and not clut your chart all up but once you have them on this is how you get the uh other levels that are important to me use the low drag it up to the the the close which is the high or New Day opening Gap and here is your consequent encroachment that's the midpoint okay that's not equilibrium it's consequent encroachment why is it consequent encroachment and not equilibrium because equilibrium is a range that has been delivered up and down okay think of it like a trading range this is not a trading range it's a gap it's a real Gap so that real Gap has a missing level of buying and selling there's really no buying and selling yet because we stopped trading on the previous session at 5 o' and then resume trading here so there's nothing being offered as a buy or sell no printed trades until that opening right there and then it starts trading but what is it doing it's delivering uh buy side delivery that means it's going up so what is it lacking sells side delivery if we take this level here and we add 75 and 25 0.25 0.75 what that does it grades into equal quarters the range okay Watch What Happens look how it stops perfectly right there what's the price 18, 04950 it stops exactly right there right there look at that candles look at that candle low right there right up here look at that price right there okay what's the low of that candle folks that's [ __ ] perfect okay perfect you can't improve on that you're going to tell me buying and selling pressure stop that right there some random bunch of jokers out there looking at goofy stuff that they stopped the market right there okay Lookout price gravitates around the upper quadrant see that see how it's gravitating around that and it expands just a little bit let me take this off as you're probably thinking this has something to do with any it doesn't have anything to do with this let me take this off these are extensions for like swing targets and stuff so the last time we talked I was showing you uh yesterday's live session that's why that was on there and if you don't believe me go back and look at the recording and you'll see those levels were actually the ones that were highlighted in my Fib so here we have the upper quadrant midpoint or consequent encroachment consequent encroachment is the midpoint of any Gap or any inefficiency okay that means if it's a Cy that means it's a it's a down close fair value Gap the midpoint is consequent encouragment the best shorts will form at the lower half of that because you want to see the upper half left open a midpoint of a bissy which is an up close fair value app the best fills for going long are going to form in the upper half of that you want to leave the lower half open why because you want to see it create a breakaway Gap that that inability to fill in that area down there and if it rallies that indicates to you that the algorithm is really going to start spoiling quickly and you anticipate large range expansions holy [ __ ] I'm dropping some diamonds today aren't I yes I am because it's 2024 baby and it's about time you start making some [ __ ] money around here so this lower quadrant beautiful consolidating it trades just outside of the new day opening Gap and Market trades down look at the sensitivity on the upper quadrant you see that see it look at that it's staying very very close to the upper quadrant and then boom we trade down to consequent crment and then one more time look where it trades that lower quadrant does it one more time just to take the low out but does it come down and touch the very very low of the new open Gap formed at Tuesday 6 PM no so what's it doing now it starts to Rally higher we have this little segment of price action here that is inefficient there's no Trading down there you know once it formed this low it starts moving higher if you have these levels on your chart even if this was to come down and touch that low here and then moved out of it that does not make this high that midpoint or that low stale or of no consequence or importance anymore it it's still meaningful to me for five days five trading days okay so if this is for Wednesday this is for your notes make sure you write this stuff down down now since this formed on Tuesday for Wednesday's trading you have Wednesday's trading that's day one Thursday's trading that's day two Friday is day three Monday is day uh is trading for day four and then Tuesday so this new day opening Gap is still valid until Wednesday next week that's how I would classify it okay so that way if you have any confusion about how long they're useful to me or not not that they're not useful but I love the sensitivity around them for the next 5 days let's say it that way I think it's a better way of representing what I really mean but and truth be told I will use them nine months in the past if it's if it's within the narrative I'm expecting to see price behave around them and that part is experience so just just know that what I'm showing you here is gold and I'm going to show you how to use it a little bit more specifically because it's my son that's actually the audience member I'm aiming for so we can see how the market leaves that area yeah there's no algorithm um here's 7 o'clock here's 8 o'cl here's 9 o' and we were way above it we're really north of it when it form those uh opening intervals so S 8 9 I must have mve that line I apologize looking at those lines and they like they don't look uniform and so here's seven eight and nine and we were way above it so here we are there you go while I was talking the jaw B it went down and closed it in okay so if you watched it at the very beginning the the recording is still there I'm going to delete the recording of the first attempt to try to do the live stream so you'll see this was actually in the chart beforehand um but it's not a big deal I mean most of my stud already know about new day open gaps anyway but uh the ability to want to see it gravitate back to them every single day if you have the last five like the week you're trading in right now that's that's one that's one week of it or one day of it rather and then you go back the last four trading days so you have five of them on your chart and as long as we're in close proximity to them they're going to be impactful to your trading and if you're bullish if there's one above you but there's several of them below you now this this right here folks this is the this is gold dust okay if you have a clustering of new day opening gaps predominantly above where the Market's trading at and maybe there's one you where you're trading at now around the market or maybe it's below you where do you think the Market's more likely to go oh my goodness oh my goodness I'm getting moist it's going to gravitate where the multitude of inefficiencies existed because it's going to give the market an opportunity to go back there again why because there are people in this industry that trade with this information that you're not supposed to have and it provides that that vehicle of Entry that mechanism of repricing up there it has an absolutely nothing to do with buying and selling pressure as much as those little goobers that write those books and sell courses tell you it's not how it Works folks that's not how it works and if it breaks your heart God bless you get over it because this is what really makes the markets move around time and price but you have to have reference points to know how do these markets Book price because they're going to use these hidden areas oh they're not hidden IC everybody knows about gaps right and look at everybody else's use of them y it's going to it's going to be a gap fill and then it doesn't fill the Gap it runs away and then the Gap to used later on at some other time and once it fills once it fills they're nobody's interested in it anymore Allah Chris Lori they'll say there's an inefficiency a buy side U imbalance as we call it bide imbalance cide and efficiency he'll call that a liquidity void that's not a void of liquidity it offered buy side delivery there was buyers going on in there what's it AB what's absent sside delivery that means moving right back over top of it and and tamping over top of that run up in that single candle so look at it look at this stuff okay he would say okay that's we're done now we're done with that once it filled it in he's done next setup not me brother not me uh- uh these things around specific times they are absolutely useful and will be used by the algorithm now think about it if everybody has the same logic that once a gap fills it's over then why would they [ __ ] work again over and over and over again every time they trade back to them and nobody's ever noticed it no one's ever noticed it I got over 2,000 trading books okay not one of these Jokers ever talked about it ever and the first time I started using this information to call the Market in front of family members and friends and say watch what it's doing right here look what it's going to do right here I don't have the level strong on it I'm telling them this is where it's going to go so other words I'd had to level here here and here just in my mind say okay I know that number that's the one I'm going to see it trade to and the watchs their jaw open up like how do you know that yeah it's good a it is't it good it's so good well these things are always there they're never going to hide it from you folks okay and you're probably think oh they're going to change it because you taught it [ __ ] how are they going to change the Gap first of all they're not going to be able to hide the Gap from you if we open at 6 o' higher than where we closed at 5:00 we have a we have a gap gap opening it's a higher Gap okay I don't care I don't care if it's a up Gap or a down Gap I want to know what those levels are what are they the three levels here consequent caching which is the midpoint the highest high and the lowest low what's the high whichever is higher where we stopped at 5 o'clock or where we opened at six o'clock it's a very simple process that's not complicated what's going to be complicated is is if you're trying to have a thousand of these things because it's you know 200 some trading days in a year you're going to have a lot of them on your chart and you're going to look at this and say what the hell am I supposed to do and the Jokers that are in the listening audience are going to say well of course it's going to hit one of these levels there's so many of them you're a [ __ ] clown this logic is very specific just look at the last five and if there is a clustering if say at the last five say there's three of them that are above price at the market price right now when you are looking at 7:00 and 8:00 and 9:00 anticipating that engineering of liquidity I'll come into that I didn't forget but if you know that you have a series of new day opening gaps above chances are they're going to want to gravitate to that so what would that do for you as a Trader if you're anticipating a short give it a chance in that first 30 minutes to try to reach in that direction because they might spike it up there in a a really thin price run to get up into those old new day opening gaps then wait for it to break down and show a market structure or a breaker okay and or look for an inversion Fair Bay Gap like I tell you in the part two of this mentorship how to see them those are so powerful they are so powerful that that is one of the bangers as a PD array if if you if you can sit patiently I I say this about all my PD R in case you don't know that but if you could sit patiently and wait for them to form they will give you Runners that just are so good it's like the first kiss of a girlfriend the taste of those lips that's exactly what it's like it's beautiful it's love it's love loveing a Candlestick baby and this type of stuff repeats over and over and over again so when I spent time teaching what I have made a real attempt to do is hey your mind up and your attention to these critical times and conditions where the market is more predisposed to behave a manner that's one-sided that's what you need as a Trader you need movement number one you need to be able to predict that movement and you need to be able to predict the movement's direction unless you're trading options and there's a way to do that too you don't need another Direction you can be delta neutral but that's another time for another subject matter but in this case we can see that these things tend to repeat they tend to repeat every single day every single week okay so now what's the difference between a new week opening Gap and a new day opening Gap well there's five new day opening gaps in in the course of a week you only have one new week opening Gap so what do you think has more impact on a swing trade a new day opening Gap or a new week opening Gap a new week opening Gap because you're you're factoring the imbalance and inefficiency of a new week opening on Sunday at 6 PM where they've had a whole weekend to digest everything and they use that opening price who's that those individuals that are in control of the marketplace I know you don't like to hear that and I know it pisses you off cuz I talk in a very condescending tone and arrogant pricky and all that other [ __ ] but if you took the time to investigating things that I'm telling you you'll see that it's there this isn't retail buying and selling pressure it's not large funds buying and selling pressure that's causing them the turn because that's not what happens doesn't matter how much buying and selling pressure has absolutely no bearing on it you'll be able to sit down and predict with a high degree of precision and accuracy where the Market's going to gravitate to that's the very first stage in your development that is not profitable trading that is not Precision entries that's not tight stop losses and lowrisk management it is the first stage and you have to warm up to that idea of knowing okay this guy's talking to me he does talk a lot but the [ __ ] he's saying and the stuff he's pointing out is happening all the time so it's worth me listening to because I'm not talking for the sake of talking I'm telling you all the things that's going to arise in your mind as a fear as a uncertainty as a doubt these are all things I have experienced myself and I have millions of students and they all give me feedback whether I give a response back to them or not I take that feedback and I say okay I can I can use this information and the next time I talk about it I'll kind of draw that in the conversation so I know pretty much what questions you have in mind that's why it feels like I'm reading your mind when I'm talking about certain things if I'm watching price action and I'm saying I'm looking for this or that and then I'll say and you probably think this this this because I have heard all those questions before that's all it is I'm not I'm not Clairvoyant I don't believe in ESP so as much as it looks like sometimes I have it if we have a clustering of new week opening gaps below the marketplace okay I'm going to elect to see price try to gravitate to that that's not a hard and fast only going short it just means that if I'm going to look for a long I'm going to wait and see right away do they want to drop it down there in that direction doesn't mean they have to trade to those group of uh new week opening gaps or New Day opening gaps either or it just is a filter that my mentorship students don't even know anything about they're they're grinning right now because they they're learning just like you are and when you have these things recorded in a layout for your chart you'll be able to see oh yeah there's a there's a number of new day opening gaps and a couple new week opening gaps that are below price and if you seen we've only worked it one time in other words like we've seen it here it went down into this one this is the first time we passed down into it and this is the second time we passed down into it okay if we've only touched the new week opening gap or a series of new day opening gaps once they're really sensitive like they're hot they're going to be one of the be they're goingon to see price draw back to them that's just a guarantee it's gonna happen and there's very few guarantees in price there's very very few guarantees in trading but this is something that you're going to study and you're going to see it's what I just said it's the gospel it absolutely is always there and that right there cancels out the whole idea that these markets aren't rigged because why would it care why would it care about a gap that filled weeks ago why why would it do that unless it's being called as a reference point through coding and it's referring back to a certain span of time almost slipped let me slow down it's a very specific reference of time that the algorithm will seek and look back to okay and by having that look back period and looking at these reference points in price so you have time and then price and when you can identify these things and they they're never going to be able to hide where they open the price up in relationship and in Defence to where we closed it at 5 o'cl can you understand that much if you're brand new and you're thinking okay this is probably going to stop working because it's being taught I taught this and it's it's it still works beautifully it's not going to stop working okay believe me if I believed any of this stuff was going to stop working if I taught any of it you would never know about it okay the things that I teach they're just very Market generic they're going to behave this way all the time because this is the source code this is exactly what it's going to do it's always going to do these things until they tear the markets down entirely this is what's going to be there so as long as we can trade markets these advantages are going to be available to you that should excite you it should you it should give you passion and desire to spend more time seeking them and understanding the characteristics around them and what this does it gives you a magnetized reference point of where bias can draw to even before relative equal highs or lows form wait a minute slow this down slow your rooll ICT say that one more time because I think I just heard you say You can predict relative equal highs and lows before the reform yeah you're [ __ ] right yep that's exactly what engineering liquidity is that's exactly what it is okay so if you have a predisposed predisposed um likelihood if it's likely that we're going to draw down to a new day opening Gap or we're going to draw down to a cluster of new day opening gaps that haven't been traded to or used much or a new week or new week opening gaps that are clustering below market price at what time at what time ICT at 78 or 9 you're you're referencing you're trying to get a feel for what is it what is it likely to do sure there's going to be volatility sure there's going to be probably all kinds of movement around but what was the market showing us right away well it's got relative equal Highs but it's also got relative equal lows from 7 o'clock and 8 o' okay so if we know the new day opening Gap is down here south of all that down here we know that it's probably going to run these highs so you as a Trader Caleb you're going to be thinking all right I know that this is a gravitational pull on price the algorithm is going to want to revisit this okay if I noticed that there's relative equal highs after 7 o'cl that was the rules I gave you there's no guidance from ICT by the way there's no guidance there's no rule B this idea he never tells you how to do it it's just he talked vaguely and he reinen things and rename stuff that other people wrote about here's the high and the second one okay and the market drops down do you chase that no uhuh why because you have a new day opening gap down here that it's most likely going to trade to okay it doesn't need the trade there today as I'm going to prove to you in a little bit okay you can be profitable without it never reaching that it could do that return back into here in London last like like tonight it could trade there in London tonight if it hadn't dropped down there and that's what I would have done looking for a trade in London okay I know some of you thinking oh here I would have could have trust me you're about to see an execution just sit your ass down these highs here that would be an ideal scenario to run those highs out that would be a fake move so that would be a Judah swing okay as referred to before if we we have a predisposed Direction in mind where we want to trade where there's a larger draw or gravitational pull on price that's outside the parameters of just relative equal highs or relative equal lows because that's just one piece of it that's just a piece of it so you want to have a a tool a weapon okay A a weapon in Your Arsenal that will help you understand with more probability more odds in your favor that the Market's going to gravitate to a very specific range in price action and that range needs to be a new day opening Gap or a new week opening Gap Caleb that's your black hole if you will it's going to draw price to it it doesn't mean it's going to be a straight line to it it just means that it's going to have an overwhelming impact on the overall direction of what pric is going to do there may be static price action moving around it might have a little bit of flurry of rallies here and there but ultimately it's going to bend a knee and go right to where it needs to go which is the new day opening Gap or new week opening Gap okay so this is engineering liquidity as the market drops down we would never go short right away after seeing new uh new start of a new am session at 7 o'clock and they have relative equal highs especially if we're thinking a new day opening Gap is a draw so what we would rather do is we would rather see it trade up and cancel out this liquidity so as it's dropping Traders are going to chase that think yes this is a this is really good this is easy all I got to do is follow the moving averages okay do your stochastics overbought and oversold uh you you take your profit wait for another overbought and go s go short right well this level you would have on your chart and you would observe that okay Above This high is buy side okay buy side liquidity or buy stops the market rallies after nine o'clock we get this little squiggly line here and then it runs pumps up above it one two three relative equal High then breaks down and then increas another relative equal High Are we more likely to clear these highs here if we have what I've been teaching you here the larger draw the more influential draw on liquidity are new day opening gaps and new week opening gaps that's the real hidden that's the magnet on price okay and when you start mapping them out on your chart and keeping them active on your chart with the time reference points that I've told you like the the life cycle of them for the sake of having more time used with them you can create an additional layout on trading view where you keep them for as long as you want okay but just understand knowing how to use them and managing them when they're older just you have to keep track of how many times they've been referred to and it takes a little bit of effort and most people don't want to listen to me Teach something that's going to make them millions of dollars if they put their asses to work with it but hey you know everybody wants to do their own thing you can see the power of using this information once you start logging them in your own charts you're going to see them in your charts once you have them you're going to watch price do all kinds of silly [ __ ] that people on YouTube on Twitter on social media if they're making their opinions vocal in public you're going to start smiling your the corners of your mouth are going to start aching because you're going to be smiling grinning your ass off because you can see them falling victim they're literally falling on the sword of the market and then they're going to get sucked into emotion going right down to these levels or up to these levels in different to when it's bullish but you're going to see it and you're going to watch it unfold and you're going to have a perception over price that you've never imagined before it's it literally is if you remember watching the Batman when uh he he linked all everybody's cell phones together and it was like a a radar he he could see things because of their cell phones all being linked together or like the Matrix when Neo finally saw the Matrix for what it was and he could just see it in binary code Z zeros and ones and that it it's very very close to that feeling if I can use an analogy that's artistic if you will because you have a vision that's outside the candlesticks you don't see the candlesticks anymore for for just open high low and close you're seeing them as a black hole pulling price okay pulling price dark pull pulling price where everybody else is unaware they're unaware they have no idea what the [ __ ] going on they're freaking out because they're losing their trade they're blowing their accounts their system stuff ain't working the guy are folling signals are [ __ ] they have no idea what's going on but it's Greening towards this hidden area that nobody seems to give a [ __ ] about but they saw it when it gapped open at the beginning of the day they saw it Gap on Sunday everybody knows about that Gap it's always been talked about gaps oh everybody knows about a gap nobody knows about a gap but they all know about it now these areas of price will never ever ever ever ever ever ever ever ever be hidden from you so therefore they will always have Effectiveness in your trading they'll always be efficient comp departments to a trading model that has a huge impact on what makes you successful in Reading price therefore as a default if you can do entries that are very systematic that have sound logic behind them and you have small risk and you don't overtrade then by default what does that mean that you're offered and afforded potential profitability and what happens if you do these things these routines these protocols these step by step by step by step things this guidance and you don't deviate from it you don't try to reinvent the wheel yeah I like icts rims but I'm going to spray paint of my color and call it my thing no don't change it stick to the things that I'm showing you don't embellish upon them just take that information and use it and be thankful that you got it because I didn't have to give it to you I didn't have to teach this stuff to you I've been sitting on this stuff for three decades man watching everybody else out there act like they know they're talking out everybody on CNBC the Market's gonna do this the Market's gonna do that oh [ __ ] and then what you'll see is when you can watch social media as a herd when they start talking about when they're bullish and when they're bearish or they say oh it's a crash the Market's crashing you'll be walk right in there and say okay I'm going to be a buyer oh the Market's going to drop it's it's going to it's going to crash it's going to crash you go in there because you see that herd mentality going against an idea based on these principles and if it's diametrically opposed the odds my experience the odds are going to be in your favor and less in theirs and that's the key to trading with high degree of precision you have Smart money precision and odds in your favor when you're waiting for periods of time when the markets participants that are stupid stupid dumb Street money that's people that talk about their ideas online those individuals that openly show their hand and show their cards that is Street money okay Street money is my wife when Bitcoin was just about to get to 20,000 the first time but failed and she said do you trade Bitcoin I said what did you just say to me I said do you trade Bitcoin and I said that's it didn't even answer I went right on Twitter I said that's it Bitcoin ain't hitting 20,000 it's going to go it's going to drop to 6,000 and it did and I said I was going to go to 3,000 but I was off by three 300 points it's all history it's all there her perspective is Street money it's the dumb money perspective because she doesn't know how to trade she doesn't know how to markets operate and here she is has she has an interest in Bitcoin because it had been going up everybody's talking about it well there you go go you're near the high so what I like to do and a lot a lot of people get pissed off at me a lot of people that are taking my stuff and trying to run mentorships and stuff they're really going to heat up and start talking about me okay they're going to say I'm a fraud they're going to say this that thing because they need their marketing to focus the attention on themselves and they look like a hero because now they can point the finger back ICT IC doesn't he doesn't teach you look at everybody's making money off the stuff I've taught for don't forget that don't forget these people talking to you have made money off of the stuff I've taught they all have a little sales pitch and that's fine look I got no problem I got no personal beef with anybody you're going to do what you're going to do because you need to eat and I'm not trying to starve anybody I'm not trying to starve anybody because what's about to happen it's going to affect every single one of us so if this helps me from dulling out money to my son because he can now make his money doing this outside and above his job guess what that helps me do it helps me sleep at night it takes any worry about him not being able to make it if something happens to me he's he's able to do this he can take care of it and that means that his brothers who don't trade they can learn from him I've been trying to get one of them to do it really well so that way I know if I have to lay my head down for the last time and leave this world that I know I'm able to have this passed on that's that's my motivation but you have to think about okay well here's relative equal highs so they're going to run above that right because ICT said they're going to run above the highs you see what I'm showing you here today this is underlying narrative and you're coupling it with the engineering of liquidity if there's an arm wrestling match okay say you have an arm wrestling uh match between uh oh good gracious I can't even think of anybody that's a strong man I I don't I don't know uh just think of someone that's very very strong okay big biceps big upper body big latissimus dors side deltoids real big and then you have somebody you know some teenager at at school okay and he's got like spaghetti arms and they're going to have an arm wrestling match who's going to win clearly right clearly it's going to be the Behemoth it's it's it's a monster right clearly outweighing and strength and everything when you place the effects of what street money will see in price versus what a smart money perspective is over price you literally are arm wrestling the strongest man in the world expecting to Win It it's not going to happen and this repeats every single week and every single trading day because the retail crowd number one they don't even believe most of you listening to me you probably don't really believe there's an algorithm but you you you entertain me because you think this is something like a nervous tick I got to keep talking about or whatever I you know at this point if you don't see it or believe it there's no hope for you there's literally no hope for you in that regard you don't need to believe in an algorithm for it to be profitable you could say well you know I'm going to suspend my belief about it and it's not important to me I just want to trade something that works okay wonderful but you can't knock me for telling you what's really going on because I'm not lying to you about it it's really there and these are the reasons why it repeats because if it's an algorithm the algorithm does the same things all the time because it's following a code it's following the syntax and coding and the logic that was used to create it and it has to refer back to Old information it can't pull stuff out of its ass it's not a real thing so it has to use instructions like a recipe okay if you have a recipe card you pull it out and say I want to make a chicken alfredo all right what ingredients do I need I need this this this this this so the recipe is calling your attention to well before we begin you have to have a measuring cup of this much parmesan cheese and this much of this and cream and whatnot you have to all have all these information laid out in front of how much we have to have but then you have to do what you have to execute on that and get those ingredients measured out and then you combine them well the algorithm has to have that information to call from it needs to go back in time where it has delivered price before and it's based on date day of week month of the year week of the month what quarter of the year and what price and what time it was trading there that's the real [ __ ] nitty-gritty baby that's what's going on it's going back to those reference points it is abs absolutely has nothing to do with how many times a level was traded to and now it's created resistance because everybody stopped buying it because it went there before this didn't stop going up because it ran out of buyers this didn't go down and not go higher because it was more sellers but that's the [ __ ] that you're told there's a lot of Talking Heads that get paid a lot of money going around the world teaching that nonsense there's a lot of people that go TV and talk about this stuff and say that that's what's going on and people eat it up eat it up oh yeah that's exactly what's going on that is absolutely not what's going on that's not what's going on the liquidity above these highs it's traded to a here and then it runs a little bit higher and a little bit higher and it creates a relative equal High here and this is designed in engineering liquidity and this is this is the the part that where if you're anticipating a breakout move you don't get filled but if you're short you're getting punished all day long because they don't want you a part of the move you have to wait wait a minute what you got to wait for ICT what did I mention at the beginning of this lecture today the economic calendar when there's an absence oh yeah that's right you were did you did say that [ __ ] there's an absence of any medium or high impact news driver in the morning session where they're predominantly usually released around 8:30 sometimes 10:00 hour like that you have the 10:30 you have the uh the Crudo inventory number that is generally that like that that morning time of day is where all the reports come out and predominantly it's mostly given at the 8:30 uh eastern time but we had none of that today but at 1:00 eastern time we had the bond auction so in my mind what I like to do is I like to sit still and wait for them to get everything all set up for that Bond auction to release at 1:00 now you can you can look at the economic calendar and you can use what I'm showing you here today every single time they do a bond Bond auction if there's a day where there's no morning data this is the this is this is important now because sometimes you'll have a bond auction but there'll be Morning News drivers that doesn't hold true for this okay this is a condition this is a setup and a part of determining the narrative where it's just a clean shot and you can just really anticipate it paining out and you can trust everything I've taught before in terms of Entry mechanisms fair value Gap entries uh bearish Breakers or I'm sorry uh bearish order blocks and or immediate rebounds you that's some of the things that you're going to see that I used here to to do a a trade it was a demo trade okay I want you to understand that it was a demo trade it was me showing my son saying hey not Caleb my youngest son I said this is what Dad thinks is going to happen here I'm going to push the button here and I'm going to wait for it to come back up again I'm going to show you the execution I'll walk you through it and then show you how if you want to hold on to a trade because I saw a lot of people leave in the very first lecture that uh I started in this 2024 mentorship uh I got a lot of comments saying can you please talk about how to hold on to a trade how can you hold on to a trade how to hold on to a trade for a longer price move well you obviously have to be able to get into a profitable trade to begin with so that that that right there is the first important factor that you have to first meet if you can't do that then it doesn't matter how how far you want to hold on to a trade because if you can't get into a trade and make five Handles in the S&P or 10 Handles in the NASDAQ and consistently be able to do that you probably are not going to be equipped to try to hold for something higher than that so I'm sure there's a lot of folks out there that think that by saying here's how you hold for a larger trade but they can't do a five handle uh trade consistently in an S&P or 10- handle uh run in the NASDAQ if they're not doing that they think that the answer to giving them a longer trade hold time or protocol or procedure that allows or affords for that that that's something somehow answers the question of I don't need to do a 10 handle or a five handle because I'm now going to trade 50 handles on NASDAQ okay intermediate term price run for me is 50 handles or more okay for Nasdaq and then you have a larger um price swing is f is 100 handles or more and it doesn't I don't have any grading beyond that but anything less than 50 handles is just to me it's like a scout it's a very small Scout intraday trades um where where you're swing trading intraday volatility it's usually like a 50 handle or more uh price run okay and I'm going to teach you a little bit how to do that and then we'll close it for today so um what this does it Engineers liquidity with the relative equal highs when the real narrative is it's going to drop down here and if that's the case and you don't know how to hold for the longer term trades because the things I'm giving you here today you it's going to take time for you to grow into that okay it's going to take time for you to to get comfortable with it to fail with it sometimes and then wrestle with what that feel what that failure feels like for you emotionally and psychologically and you'll see that you're going to do it wrong in the early stages a lot and every single time you do it wrong you have to treat those opportunities as an opportunity for you to go in and say okay what didn't I do correctly and what can I take away from this don't look at it as a didn't work I'm throwing it away and I'm going to go back to somebody else on there that has some kind of push a button and show me something on my chart and I'm going to follow that or let me follow a live streamer and try to copy them for anybody out there that's trying to copy a live streamer or a signal service guy or gal to me that's the epitome of weakness because what you're saying is is I am too [ __ ] lazy to learn how to do this on my own and I'm going to trust somebody else that doesn't give two shits about me or my money or my my welfare with my family nothing and they're up there for clicks and giggles and AD revenue or monthly revenue from their signal service or mentorship that's that's what they care about that's what they care about they don't care if you make money they don't give a [ __ ] but you're going to put your faith in something like that you're exercising more faith in somebody that doesn't not give two shits about you versus someone doing this for free and I've made millionaires I've made millionaires teaching this stuff to them and they're using it they've brought receipts forward it's all over the internet people are using all this stuff okay but you don't want to trust me for whatever reason I don't know why but this stuff works and it can work in your hands and place that faith that you're putting in these Jokers out there that are trying to rip your ass off and and take money from you take that same measure of faith and place it in yourself and your ability to do this because you can do it you absolutely can do it you just got to let yourself get to that point where you're not letting outside influences mess you up and don't let that internal voice that you use to defeat yourself with don't let that you know hold you down either you're going to have adversities you're going to mess it up you're not going to follow rules you're going to try to invent something new and that way you can say I want not use this and help me make my own model no you didn't you gambled and did something outside the realm of the procedures and processes I've outlined and then it may have worked for you there let's see if it works for three years in a row and you can quit your job on it are you willing to bet it that much before you start talking about what you did on social media chances are no but you want to have some dopamine hit your dopamine hit should come by you following the rules and sticking your ass in front of these charts every single day and following the rules of engagement that means process practice Proficiency in that order that's how it happens it there's no circumvention or navigation around to get to the top of of I can now do it because I did it in a shorter time period take the time element of how fast you need to get there out of it because you don't know how long it's going to take you you might be worrying about it you might be watching these things thinking I don't know if I can do all this I don't think I can follow the rules okay then you have to really really sit yourself down and say is it ever going to get easier if you don't at least try to adhere to the rules because it's never going to get easier if you don't do that but if you do it even if you fail initially the first few weeks and find no value in it right away you're working towards a baseline And by journaling that experience what you'll see over a month at the end of the month and you start looking back at the charts and you say man I had no idea what this guy was talking about but now I see this shit's working I don't I can't get into the trade yet but I can see where price is going and when people get like that that's one of the best feelings as a teacher because they you're learning the hardest part to this that's the hardest part folks you think it's the entries and where your stop loss is that's easy [ __ ] that's easy stuff I got 81 ways to get into that thing and you only need one and every single day every one of my PD arrays are there on one time frame or another every 81 of them there can't be 81 kiml come on there's 81 of them and it's not just me talking about an inversion level and calling it one it's not inversion aspect of it is not there we're talking it's technically what double that if you use it as an inversion but it's 81 very specific PD arrays that I can see in price and anticipate them being there and then key off of that but you only need one just one just one and the patience to wait for it with a narrative expecting price to draw draw to that and if you can anticipate that you don't need moving averages you don't need trend lines you don't need you don't need Trend analysis there's no Trend analysis in this I didn't even refer to a daily chart notice that we're not even using daily chart s we're just using intraday volatility time of day time and price liquidity but the aspect of narrative why price should be moving anyway why should it move why should it that stems from the economic calendar or the lack thereof like we had nothing on the morning session there was no there was no data so that's why I that's why I scheduled my eye appointment that morning this morning I told you I I I can't be with you because I have a an eye appointment I didn't tell you it was an eye appointment but I I got to my eyes checked and my prescription went up to two two more steps higher so that's a little concerning but long story short I afforded myself the time away from the charts not worrying about any of this knowing that the afternoon has that Bond auction some of my students knew right away by me saying I'm going to do the afternoon I'm I told you around 1:30 today yesterday in part two I told you I would start the live stream and then I settled in at 1:45 give myself some time to grab something eat what and then here I am that is maturity that's patience that's knowing what to wait for and what to look for and also canceling out an interest where everybody else is going to try to break their ass doing something in the morning session if you have no data no reason for them to manipulate price in the morning session okay write this stuff down if there's no data medium impact or high impact in the morning session try to trade the afternoon session because the cleaner price action will be after New York lunch when does that happen it's as 1:30 but starting between 1:30 and 230 there's usually some kind of a a sweet spot that forms in price action where it's just really really easy to see it and even if you miss it you can start using what I taught you yesterday where you can use a very sub one minute chart and get in sync with a price run that's already unfolding on a higher time frame one minute or five minute chart okay so to answer the question and if you'll afford me the ability to go forward with the lectures as I intended to do them for my son I just wanted to address the question of how how to hold on to a trade longer how you know how to hold on to trades that are moving in your favor longer I had a lot I don't know what I don't know what instigated it but the very first video had a lot of that in it by lots of different YouTube channel commenters like they were really interested in seeing how the whole one to trades longer and uh truth be told and I hope um Matt doesn't get upset I can't imagine why he would be upset about it but at the time when I was talking to him privately in text messages I was sharing with him what I thought the level was going to be for the day and then I would execute and trade and I would show him my entry my stop and as it was progressing to the trade then when it would hit this hit the limit order or stop me out before getting to the ultimate Target whatever I was trying to encourage him to uh hold on to a little bit larger price run I understand he has a model I told him said keep doing that but try to grow in using some of the things I'm going to show you and I told him the very first uh um videos I do and and that's not these videos by the way Matt um I was going to do three lectures turtle soup um and two other ones I can't remember the title the head but two two different subject matters but one was turtle soup and how to hold on to these uh trades and how to you know capitalize on bigger runs in price action and not just do do ultra small scalping and he seemed very receptive to it and he witnessed me doing it like you know week after week daily showing him you know this is where it's going to go he would go there and U I'm hoping that he uses this if he watch I don't know if he's watching this stuff but um the the idea of getting into a trade and holding on to it you have to have something that's going to have a larger uh downrange objective which means you can't look at something just on a one minute chart and assume that okay you know this is what I'm gonna aim I'm gonna aim for this you have to have some kind of reason to justify the trade moving beyond what a small time frame like one minute is going to afford you in terms of range how far can it move and how far can it move that session but still maybe continue the next trading day or going into the next week okay um so just know that I'm going to give you some ideas here but it's not going to answer everything because it's a subject matter that can be really taken to extreme and just keep building adding clay to it as you go because what does that mean to ask how long or how to hold a trade longer because you can use any of these entry models on a smaller time frame and let's say you're doing it on a day when it's Pro potentially creating a a run that may drop for months see how hard it is to answer that question so I know how I could engage that but I also know that my personality doesn't afford me the comfort of sitting in something that long because I see thousands of setups over the span of one month and my opinion can change because I have a very very hyper active mindset so when I look at price I can see in in in in one in one hour I can see half a dozen trades that may go unnoticed by most people it doesn't mean they 50 handle runs but I could be buying and selling up and down inside that one hour time frame and be done and never do anything else for the rest of the day or elect to trade on one time frame you know waiting for a specific setup to unfold so I appreciate and understand the question that the students that are asking that you know how to hold on to it so to answer it in a generic way to kind of like a be a blanket response before you put on the trade you have to have an understanding of where it could potentially trade to okay and I'm assuming that maybe you're aiming for something like a 100 handles or more something like that you know that to me it's a fair assumption on on the part of holding for a longer trade because most of my stuff teaches around 20 Pips 25 handles uh you 50 50 handles something to that effect but anything greater than 100 handles on index trading or I guess maybe even Forex if you're still trading it I think that they're respectable um halls in terms of points or ticks or what have you if you're looking for that type of trade then you have to use your analysis that affords you that type of range and I've said it before when I was teaching in other lectures and other lessons on this YouTube channel and in Twitter spaces when I was doing them the the trade has to give me for instance if I want to if I want to chake uh 10 handles and I I feel confident that I can get 10 handles out of the next price run I got to look for something that's going to give me 15 to 20 well how do I determine that well let's give this an example here if this range is going to ant be anticipated that it's going to be sloppy in the morning to don't trust anything in the morning and wait for the afternoon session so what does that mean I have to wait until at least 1:30 so at 1:30 that starts the afternoon session for me now sometimes the moves can begin just a little bit before 1:30 and it's not a big deal I I don't care about that but generally I like to be in front of my charts at 1:30 because even if nothing forms in that next 30 minutes going into 2:00 I know I can get something post 2 o00 because there's there's a silver Bullet at 2:00 going in from 2:00 to 3 and if I miss that or it just doesn't if I don't get a good read on it or just just simply doesn't do anything but goes sideways then I'm going to look at it in the 3:00 hour to to the close and every single day it's there but you have to look at it on time frames that will allow you to see it and if we're going to use the dynamic that was in play for today obviously morning session avoid it there's no news and the only information that was going to used as manipulation or to upset or or to engineer sentiment for Traders is that 1:00 hour when they had the bond auction so the bond auction at one o'clock that was my go-to so I was watching and anticipating okay there's going to be a move so I want to see something that is going to be used as a fuel it's going to be fuel for a run into um this down here but keeping in mind that I'm teaching you as I taught yesterday if you're going to trade outside of just a relative equal low if you're bearish then you can for people that have a better understanding and that's not going to be all of you that are watching this it's going to be students that have been with me for a while you got to refer to what the market had done in the previous session in in the like the London session for instance but we have this low here and we have this low here here what does that make that what is this right here relative equal low does it meet the criteria I gave you as a filter the most right side in other words there's going to be two swing highs or two swing lows regardless if it's relative equal high or relative equal low the right one whatever the one is on the right hand side if it's relative equal lows it has to be higher than the previous low does it do that here yes so the condition is there that this is a high probability relative equal low for the purpose of drawing to it now here's a huge paradigm shift for you okay you're going to jump light here ahead in your understanding the fact that we had the new day opening Gap below that that is a further like Rocket Fuel that this is going to be easy to trade to but in the beginning stages you won't know these types of things and you won't have the confidence to hold on to so you graduate into doing it by taking trades that's just the aim for this and then you paper trade or not I shouldn't say it like that paper trade like if I say a paper trade you're G to say okay so other words demo trade it no yes you can demo trade it or tape it so in other words if you're going to get to the point where you trust it but you can't hold for a move down here because you just can't find it in yourself to do that because you're watching The Profit grow and grow and grow and it's probably the biggest trade you ever had in your life and now you have anxiety because you're afraid if you don't take the trade off while it's at the biggest point of profit since you put the trade on it what happens if it reverses and you're going to feel bad that you didn't take out the full thousand or hundreds or whatever the size is that you're trading with than leverage and affording you that that profit you're going to be worrying about that instead of watching and seeing is price still behaving in a manner that supports the idea of it reaching to this level okay so number one to hold on to trades longer you have to have something outside of the normal range that you would trade for so if you're graduating from 25 30 50 handles there has to be something that points to price going to something beyond that okay so if we're looking at that lunch hour and we know that there's news coming out at one o'clock because the bond auction me I'm a little bit more I don't mind risk let's say it that way okay uh if I do something wrong I can go back in and generally fix that problem okay I can like mitigate that or um when I was doing uh dominoes and I used to manage The Dominoes when I was younger um we had a running joke for any new hire that came in if I was running out of dough I would usually take the last dough and put my hole through it before I slapped it out into a pizza and I would show the new hire and say look go into the freezer and bring me the dough repair kit and it's a running joke everybody that works there knows it's it's [ __ ] there's no such thing as a dough repair kit but they'll look at you nod and they'll go into the freezer and look around for something that says dough repair kit there's no dough repair kit so I say that because you have to treat your boo boos in trading just like that if you make a hole in the dough when you're slaping on a pizza just flatten Out roll it out and it's it's fixed pinch it roll it out it's done in trading when you have a loss or if you did a poor placement you maybe you uh took took the trade a little too quick you were trying to anticipate the setup versus waiting for the setup um and you may have to get out of it and wait for the real set the form and you may get a a draw down you may get stopped out and you may need to do something else you know as a later setup well the mindset that's needed to do that has to be in place also because if you're going to be holding for longer term price runs the the potential for you to be stopped out prematurely increases exponentially because in the beginning you don't trust that the Market's going to still work towards this direction every little retracement is going to feel like it's bottomed because you don't have that experience yet and when you start having these new day opening gaps and new week opening gaps and start waiting for price to gravitate towards them that is like a it's like a an exercise that strengthens your patience but you can't FastTrack it you can't make it happen faster because you want it to be faster like you just can't download the experience of saying okay I'm just going to hold for these new week opening gaps or New Day opening gaps and I can trust it because I I he said so so that's enough no you need to see it for weeks and months and then over time oh yeah I I can see what it's trying to do and I'm not going to get tripped up by all these little fluctuations but with that said just know that there's a graduation point that you have to go to which would be using this area right over here so that's what I've been teaching you so far in the first two lessons that we're looking for these types of things when the market is likely to go lower what are we looking for Caleb we're looking for these types of things here higher low than the previous one that are in close proximity to one another so this is a target that we would use to aim for going short at a time when the market is going to be used used to accelerate around that Bond auction number at 1:00 if you look in here right here zoom in a little bit you you can see this is not Market replay all right here's one of those 81 PD arrays okay the market trades up and starts to roll over what time of day is at it's 12:42 so what are we approaching we're fastly approaching what that 1:00 hour and the news is going to be released at one 1 minute after one okay so B 1:00 so 1:00 the bond auction number is going to be released at the marketplace and then everybody does whatever they're going to do based on that okay so the the understanding is this that number comes out and then Traders are going to buy and sell and the buying and selling pressure after that market release is done pushes price around [ __ ] what's actually happening is the Market's already starting to run lower this candle here trades up I want to see it be sensitive give me let me take this execution off for a second and I'll put them back on I want to be able to showare the candles and shit's in my way this Candlestick traded up into this Gap now if this was a PD array that I wanted to trade on that would be my entry but because I'm trading ahead of this is the stuff that you write down because these are all questions people used to leave on Twitter to me when I was doing Twitter spaces these are always in question uh form in my comment section my mentorship students have asked me this many times in email in the the the place where we meet all those things it always comes up okay what do I do if I am not going to trade the fair value Gap what am I looking for ahead of a new cuz sometimes you'll see me take a trade before the news or before the opening bell and I'm I'm recording myself doing it and invariably what will happen is is how did you know it was doing that how did you trust that it was going to go that direction how did you know it wasn't going to go the other direction and the [ __ ] will say well if it went the other way you never would have showed that that's their cop out but I'm going to give you the logic Joker so that way you can go start testing it and back test it and see it and it's exactly what goes on all the time okay okay so if I know at 1:00 that's when the news is going to hit for the bond auction okay we already rounded over here and we had a fair value Gap there the bodies are respecting it and we started to displace lower so just with this alone looking at the chart like that okay if it's just looking like that in your rudimentary understanding of what I'm teaching you already know the likelihood that it's probably going to explore below that low why because that's where liquidity is and it's been going down all day and this is the time it stopped and came all the way back up here and moved lower so what is it remember what it's gravitating towards down there okay but now you have this shortterm low here by itself that's a reason to be short you have two factors you have that new day opening Gap as a larger like black hole wanting to eventually pull price to it then you have this low here where there's very short-term minor sell side liquidity okay so there sell below there don't be worried or consumed about the fact that these Highs are relatively equal don't let that bother you why because the Market's moving lower and it's pulling to this and even if it doesn't trade there during the day session because this is the day session low here during the S o'clock to this point this is the lowest it traded to at that time so there's going to be STS below that for anyone that try to chase this going higher these relative equal highs they can stay in play they don't need to be upset they don't need to do anything the Market's going to stay heavy and keep working lower how do you know that ICT experienced the fact that this is still likely to happen and think what's over here in the London session that low there so we have this low this low and this so what is that that's three things that's heavy factors on wanting to see price draw to it there's no entry pattern there there's no moving average no indicator no [ __ ] logic except for it's liquidity and the market is operating on a narrative that it's going going to drop to reach into that liquidity because if they're going to spend all this time above these relative equal highs during the 7 o'clock hour and 8 o'clock hour and then they Judah swing into the nine o00 well this this is this is all being held up there tripping people up chopping people up grinding them all up and then finally it breaks I don't need to be a part of that because the economic calendar just like the TV guy used to do for me would tell me when my favorite time in front of the box would be at 9:00 on a Friday L Arno would turn green he's the Incredible Hulk Channel 11 I know where I'm going to be at well the time on the economic calendar says that at one o'clock today we have a bond auction that's the only point of interest that I have on that final calendar and it's a medium impact driver it's not high impact but it's medium impact so what that means is I want to be in the market anticipating this low being taken out this low from London with relative equal lows remember that's this over here see that that's going to be taken and this is the part for those that if you are not able to hold the trade longer and you don't know how to get there this is what you do you take a partial below here and you close the trade here and then you tape read the rest of it and you Journal the [ __ ] out of it you journal every single time you feel an impulsive feeling or emotional about the idea that maybe if you think it's going to not go down there that's when you screenshot it and and real quickly make a notation on it that I have doubts it's going to drop here and then what you do is you look at that after the fact and say okay I didn't see this so this is the takeaway and you re reinforce it positively and by doing that exposure you desensitize yourself to needing to be right and it expands your your comfort from getting into this trade and getting out maybe that would be the end of your trade or getting to the trade and then getting out below here and never never seeing all this run down here but it gives you that little cookie that little reward that you did something it was Sound Logic but then you use everything past that time that you close the trade as a real focused oriented drill to build your experience and exposure to waiting for the pan out believe me it it doesn't it doesn't happen overnight it's going to take you a long time to hold on to price runs that just go and go and go and go and honestly you're you're going to miss a lot of big runs if you want to trade like that and if you allow yourself to be beaten up easily and you'll do it trust me every Trader does it I should have held longer I would I wish I would have held on to it more I wish I wouldn't have took all the partials off I wish I would have you know held the whole thing that's all toxic thinking so when I answer a question like this that's why it's very long-winded because as soon as I mention anything about it there's a series of new questions that will will come up and it'll feel like I didn't answer the question for you which is why I opened the whole dialogue around it with I know me talking about this isn't going to answer or scratch the itch for for every one of you but as a means of growing in the right direction on how to hold on to a trade longer you do these types of things and it's already been taught on the mentorship and it's already on the YouTube channel it's something I've talked about multiple multiple times but now anyway we're going to go back into this area here I got to zoom in on it all right so I know that this is the the time when the market should start running because that's when the bond auction numbers come out okay we're up here I know I have a real strong likelihood that's going to at least take this out and maybe run below here going into that one o00 news release well here's the one o00 and then the market drops here what I was looking at is I want to see does it do this does it run up into this fair value Gap there that's this here there's your fair value Gap and what is it doing there does it at least touch the consequent encroachment or midpoint of that Gap closely no it doesn't it gets real close to it but it doesn't let me see if I can make it a little bit bigger see just fall short of it the fact that it goes up there and doesn't touch it and then closes here I know I know that that right there is a bearish order block I can trade after the next candles come up into and bump in the bottom of it I'll trade short there all all it has to do is move away from it and then come back up into that I can trust this candle not being overtaken what's the next candle do goes up to it but doesn't touch this line and it doesn't even breach the candle's high now if if it would have traded up and touched that midpoint and then did that I would not have taken that trade I would have waited for another attempt to get in there and work just a little bit above the con encroaching and then I would try to go short in this upper part there that's what I would have done differently but because it didn't and couldn't even touch the consequent encroachment these are PD arrays and yes they're used for very specific and static levels to enter and exit on but I also use these same price points as a means of measuring strength and weakness if this Candlestick can't even touch that but gets close to it it's signaling it's a signature that's an algorithmic signature for someone that knows what they're looking for that tells me that when this candle closes all I need to do is see it move away and come back up and touch the bottom of that and that's a be short of what yes now with that logic I can be short and take a partial below here or if I know that I can trust that it's going to go down below the London lows then I'll put a limit order below that and then I can sit and explain to my my son that I think it may go down to those lows but I'm positioned now that if it doesn't need to do it today it'll probably go down there in the London session tonight where to the new day opening gap down here so with all of that narrative explained to you let's put the executions back on there you go so now we have the market displaced below the bearish order block this candle here we open And Trades up where is it there you go it trades up touches It Go short there's your low what's the low of that candle look right here see that candle um see that price right there right above my cursor that's the low what's the low of the candle 18320 and a quarter okay the fill 18321 and a quar so as it's bumping into that I'm selling short right there and I want to see it aggressively run below here it does go back for a second the fact that we traded up here and we didn't touch the consequent encouragement of this I like to see if you're if there's two fair value gas because we have here and we have here you have to at least anticipate that it may go up into that Higher One but if it fails at the lower one's consequent encroachment and there's a news driver coming I have no problem no fear of ab absolutely none of getting into the trade if I did it wrong and I get stopped out I've shown executions where I've done this my students have seen it it's on my YouTube channel it was on Twitter you seen me get stopped out and then I go right in there and I do another entry and it pans out or if I did it wrong and I know that my direction was off and I'm offside I reversed and did the other direction and then the partner just goes the other way that is going to come by experience so invariably if I if I address or feel the questions that come to me um a lot of these questions will be answered with your own experience and it's an unfortunate topout sounding response but that's the truth you you're going to you're going to feel comfortable doing certain things that you aren't going to be comfortable even imagining doing at the beginning of your stages of of learning so I wanted to see this stay open okay I wanted to see it fail to get to that midpoint of the lower one because it because it failed there okay wonderful I not worried about it but go back to what I was saying if it would have touched the consequent encroachment and this candle I would have anticipated trading up into the higher part of this and then my stop loss would have had to be above the midpoint of this consequent encroachment you see how this gave you everything that is logic based it's these These are this is your guidance these are the things I've already taught they're in all the discussion points of everything I've ever taught on this YouTube channel all these things unless I said my students have never learned that everything else has already been taught to you but because you didn't write anything down and you didn't take notes and you're just falling asleep to it because a lot of people use me as a lullabi they just listen to me and go to sleep which is fine you know what i r GL and help you sleep good but everything I've taught unless I'm saying to you this is the first time even my students learned it I'm I'm expecting you to already have it in your journal in your in your points of understanding what these things are expected to tell you but anyway it drops down and then we have an immediate rebalance okay so we have the market trading down here we have a big down Clos candle the market trades back up boom bumps into it here imediate rebounds and then I get a little bit of heat here but that does not take me underw this was only it would still have like $1,700 in profit even with here why how can that be possible if I'm if I'm entering here look it down here if I'm entering short there why isn't that giving me draw down in the trade negative draw down let's say it that way because the larger trade entry is here there's six contracts here and you see me doing this all the time this is my model six and four six and four so six contracts at the higher price if I'm short the secondary affords me when I'm only doing four contracts it affords me to trade above that that entry it's forgiven because it could do what it can revisit this fair value Gap it can trade inside that but I don't want to see it do that so I had to have a little bit of heat there but it doesn't fill it it just goes up to that level there and what is it doing there is it touching the consequent encroachment before it makes the swing High here nope so the what does that tell me it signals to me just sit back and relax don't do anything just relax move your stop to your first entry minus two ticks and just relax just relax and now we go into one o'clock look what happens at one o'cl they pump it and then dump it small little fairb you got right there all you're doing is you're studying price and you're seeing every Cy remember I was telling you yesterday when the narrative's in play and it's going to go lower or your analysis assuming that it will go lower you're looking at how the market is treated at every Cy sell sign balance buy sign efficiency or a fair value Gap that has a down close it's defined by this candle's low this candle's High even this range is that far down this is the only imbalance so we have a little bit of overshoot there that's called a mohawk it's just coloring sign the lines I talked about it yesterday it doesn't change anything it doesn't change it did it take out this high no it all it this is went outside the boundaries just a little bit and the next one gives you pece of mind because what is it doing it's stopping right at the high of the fair value app what's the high of that candle you're going to look right here upper left hand corner look at that value right there what's the high of that candle 18283 point7 what's the low of this candle here that's that's right here 18283 50 it's it's not it's not going outside the realm of what you would expect price to reach to and then move away from is that is that proving to you that Sellers and their selling pressure had the ability to stop it like that it doesn't do it to me you'll never convince me of that you'll never convince me that sellers and buyers stop every bit of one of these turns in all these p right to the tick or the point or within a ear shot of it you're never going to convince me of that and even if I didn't believe in an algorithm I would think it was something other than that but thankfully I don't have to but the market trades aggressively after one o'clock after we have a retracement so here we have model 2022 here we have optimal trade entry easy isn't it it's easy when you have all the the guidance and rules in place and you do the things that you're taught to do focusing on the time of day and anticipating the delivery of price based on factors that call Price to It New Day opening gaps new week opening gaps relative equal highs relative equal lows and then below that in in terms of importance you have inefficiencies inefficiencies are subordinate and less important than relative equal highs relative equal lows or New Day or New week opening gaps because their influence over price the algorithm will refer refer and prefer more INF uh importance and significance placed around them I'm not going to tell you the logic behind that just trust me on that it'll serve you well you don't need to know anything beyond that when you drive your car what do you do you push the button or turn the key you don't need to know how all that stuff works under the hood same thing here gaps when they're actual like new week open and new day opening Gap that is absolutely going to be much more significant because there's a lack of Trades there inefficiencies I'll say this much you have one side of the delivery offered to it meaning that for instance let's go back to this one here this sell side and balance buy side and efficiency has sell-side delivery okay sell-side delivery is always one-sidedness moving lower cells side liquidity is what's resting below that low the London low or relative equal lows that this line is here remember that's this over here that's these over here okay that is cell side on The Daily range that's the lowest that's moved for the day overnight London so it's is going to want to try to gravitate to that too that is real orders that's not inefficiency it's There's real pending orders down there that is the lifeblood of the marketplace real buy stops real sell stops that is the heartbeat of what makes these markets go up and down in between that okay in between that you have inefficiencies inefficiencies have one pass through so they have delivery in this case we have sell-side delivery but what is it lacking buy side if I'm bearish I don't want to see buy side offered because what that what that's telling me is I don't want to see it traded in the upper half of this I don't want to see that at all in fact I'm enamored when I see it not even touch consequent encouragement I basically get a hard on from that I I I am turned on by that when I'm in a trade I get so cocky and arrogant you see it in my trades or I'll annotate it I do I very I say very factious things because I see not just this signature but other things I'm not going to share with you and N that pisses you off oh you see you're an [ __ ] you're not teaching me everything I'm teaching you more than anybody else would and I'm teaching you how to make lots and lots and lots of success therefore money bread daero Moola fun coupons right the fact that we don't touch that consequent coach or midpoint man that tells you what it's really heavy because otherwise it would be natural for it to come back up in here trade there close it in and it could still roll over I don't like those kind of Trades that's that's Chris Lor's stuff Chris Lor stuff is let's fill the void that's not a void that's a sside delivery it's imbalanced it's only sside it's inefficient and its buy side it's not going to be balanced if it just trades up there that's not balanced okay it needs to go there and then leave it then it's balanced that's a balanced price range so we're not talking about Chris Lor stuff and you need to stop leaving those comments in my section okay I made Chris Lori a millionaire by pushing lots of people to him and I'm never going to R for him again I've seen emails where he's talked about me two fa out both sides of his mouth he can kiss my [ __ ] ass so there's there's your skinny on Chris Lor but the point is this at one o'clock we have an up closed candle and it pumps it what's it doing that one candle is moving up so people that are watching that and they see this go up even though it's a one minute candle that triggers people that watch one minute candles hey I watch ICT stuff I watch people that trade smart money concept we're watching one minute charts one minute charts is the bees needs baby you can't can't make any money unless you're tradeing a one minute chart when they see this do that they're like oh here we go it's making a failure swing it's going to go up and this is probably going to turn into inversion fair value Gap it's probably going to go for those relative equal highs up here they they they chased something so minute and insignificant losing the entire plot that it's going to want to run the London lows and now as I taught you today it's going to try to gravitate to New Day opening gaps and the market does in fact trade down below the London lows and you can see my fill right there so my limit low is just below that there so if you look at the fills 321 and a qu adding a part partial pyramided entry of four more contracts at 291 and a quarter scaling off the entirety of the of the position 10 contracts at 18,23 so that is over 100 handles with the largest portion there and that smokes all your favorite live streamers now your response is going to be but it's demo my response is this is how I teach if it doesn't work here it won't work anywhere else you're not going to spend my money I'm not going to trade with real money in front of you I'm going to teach you the logic I'm going to show you what it's going to do and I just saw a young man just use the stuff I just taught in his mentorship uh Trader Chris okay I left the comment a little smiley face because he used what I taught and he had a trade pan out for him immediate feedback immediate success what is he doing he's putting it to task he's working with the information if you're going to sit back and just watch things and look for things to criticize and not really try to learn it you're G to be [ __ ] broke the rest of your life you're G to be a failed Trader You're Gonna Worship other people on the internet hoping that they're going to grease your palm and give you something special and easy and it's never going to happen how do I know that because I spent years and years and years trying to do that I'm sorry but I'm the best [ __ ] thing you're going to get in the trading industry best [ __ ] thing I'm going to give you gold for free I'm going to give it to you and keep giving it to you and you're G to love me for it you might curse me you might talk about me behind my back with your circle of friends but you're gonna come back and watch my videos you're gonna learn how to make money and that's all I care about I just want to see you do well because what's about to happen not in just in America but in every country we're all going to get the raw stiff right up the backside and it's going to get real real real hard and real real real expensive and unless you're making more money outside of what you're earning at your job and you might even lose your job you're going to feel pain and anxiety and stress like you've never felt before so this helps me this helps me feel better about knowing what I know and I'm not being greedy with it I'm not being self-centered I'm not the prick that you think I am I'm literally giving you things that nobody else on this [ __ ] planet knows how about that no one else is going to teach this to you no one else is going to be able to replicate it they can't do it they can't do this folks they can have my logo in their [ __ ] thumbnails they can't do this they're not the [ __ ] author they're not the person that created it they didn't codify it I am period I'm not going to make it any more plainer than that if you can't see that I don't give a [ __ ] do you want to make more money do you want to do the things in this Marketplace and that you can constantly trust that these things will be there every single trading week they're going to be there it's just like having an apple tree in a backyard and it's ripe all you got to do is walk your ass out there and pluck one off the tree these setups are there every single day and the logic behind them it takes a little bit of time and effort to learn it that's all but it takes effort and Millennial mindset Tick Tock mentality the the attention span of a [ __ ] Gat that doesn't get you anywhere not in trading not in life my own kids tried to do it that way my own children my own flesh and blood want it easy and I'm saying no if I'm not going to do it for my own kids why would you expect me to do it for you because it won't work that way it doesn't work that way this stuff is available to you it's on my YouTube channel I'm never going to delete the channel I'm never going to delete the videos I'm never going to charge a private mentorship where I'm charging money why are you finding fault with this when it works and other people are making money with it and I'm continuously teaching it why because you want to sell your own horseshit and you got to find some measure of importance by spitting on somebody else but there ain't never going to be somebody else outshining me here because I'm making millionaires for [ __ ] free and you don't have to give me anything back top that one top that one can't you can't do it and that makes you mad because that makes me the [ __ ] hero and I don't want to be a hero I'm the anti- guru I'm doing everything opposite what a guru would do I could be making millions of dollars a month all over again selling all I gota do is put a PayPal link up all I got to do is do that just like that in one [ __ ] night I'll have hundreds of thousands of dollars before I wake up it'll be a million dollars in that [ __ ] PayPal account it it's just like that it's literally just like that but I don't want that and when I'm done teaching this unless another one of my boys want to go through this again I'm not teaching stuff on my YouTube channel I don't want to make videos I don't want to do it i' I'm I'm just not I don't feel like I want to do it anymore but because it's my son and I want him to hear what I'm saying I need him to have the right mindset and this is Dad talking to him this is Dad chilling his ass out reminding him that this is not going to be easy he's going to to work his ass off and there's going to be a lot of things that he has to write down and test the theory and see it for himself and once you see it you can't unsee it you can't forget it it's there it's ingrained in your idea of how these markets will work how these markets will book and when you see it and you know it and you can trust it nobody can take it from you they can talk [ __ ] about Dad all they [ __ ] want they can do anything they want on internet Chit Chat Chit Chat all the [ __ ] they want to say they're [ __ ] broke they're going to make it in this [ __ ] industry and they're trying to climb up on my back because it's strong as [ __ ] and I can carry all you [ __ ] haters that's what they're trying to do because they're irrelevant and insignificant and then you have the classification of people that come to this Channel and they watch it they're quiet they don't even leave comments saying thank you they're just quiet they put it to work and they find out for themselves wow this [ __ ] really works and then I get my emails and then I get the comments I've been following you for a year I never left the comment before I just passed my phone to account I just got my first pay out thank you so much I never thought this was going to happen for me I have thousands of those every single [ __ ] month every single month from every prop firm and every brokerage firm that's out there I have students that are doing that there ain't a [ __ ] out there that's teaching people how to trade that has that much reach and guess who's doing it me without a price tag without a [ __ ] give me some money for it who you going to trust who you going to trust somebody that's going to say here join my [ __ ] pay me money or the guy that just simply just does it and makes other people money off of it I don't get nothing for it I don't get no Kickbacks I don't have no affiliate links what's in it for me oh but you make ad Revenue only until I'm done and then I'm stopping that channel was only paying me $30,000 a month $30,000 a month dude seriously get out here I was making millions of [ __ ] dollars without even doing anything without doing [ __ ] what's $30,000 it's nothing it's literally nothing I paid $30,000 since in the last month just for landscaping stuff yeah how about that you want to have a [ __ ] big house with a big lawn this [ __ ] cost money $60,000 for two uh air conditioners and furnaces to be put in uh upstairs and downstairs in your house you want have a big house it costs money you think YouTube's going to [ __ ] pay for that it ain't it ain't enough and I just don't have the energy to sit and put videos out here and videos out here and I just don't have it there's too many things going on in the world and I have to make sure my household and my family are ready but the only thing that's going to draw my ass back out here to do this is what my son Caleb just asked me to do teach him and I would not be putting videos up here unless he said he wanted to do he wanted to document everything he he like the idea of the ad Revenue helping him along and he's trying to make a way of doing it and if he gets that it carries him through guess what that means he's got a secondary income plus his job that keeps him from doing what gambling and pushing the trade when he doesn't have to which is what most people do when they're trying to learn how to trade with real money and that's why when you're learning with real money that's the worst thing to do because you're going to have all the worst toxic thinking right before you push the button and that's why it's not good to do that you see this right here right down here it says demo see that demo paper trading okay paper trading that's your best [ __ ] friend when you're first learning how to do this because no one can grade you no one can ridicule you and you don't pay taxes on it you don't have to worry about a realized loss so what does it give you the freedom to do to focus on what price is doing and that's the only thing you need to worry about but when you try to do everything else that everybody else is teaching you to do try to combine try to get a funded account trade with a little bit of real money you have so many more things to worry about that are going to distract you and versus watching what price is doing you have to look at it and measure as prices you know fluctuating going up and down when you're up 500 bucks then you're down 200 bucks and that's normal then all a sudden it starts running and you're up $1,500 in a trade and that $1,500 is going to feel you want to get out of it but is there a reason for you to get out of it except for you just never made that much money before in a trade well if that's the answer then you don't close the [ __ ] trade you hold on to it what did you put the trade on for oh it's I got 40 more points 40 more handles for the trade that's if we were talking that's I to ask you okay why are you antsy right now why you hyperventilating why you getting up out of your chair pacing around why you rubbing your arms oh you know I'm nervous I'm hyperventilating I'm scared because I'm afraid it's going to turn into a losing trade why because you think that this stuff doesn't work because you didn't practice it enough you didn't see it in demo you didn't tape read it enough the trust that these things repeat every single week when I came out with that slogan every week every day and it won't stop that wasn't just some [ __ ] jingle that's the real that's the reality every single week every single day and it's never ever ever going to stop as long as these markets are there you're never going to be short of opportunities to use this information that should give you a [ __ ] raging hard on like you should be walking around with Perpetual Viagra like you should not be worrying about those types of things but that is the clearest indication that you're brand new or you don't tape read because if you do that those questions never come up those concerns never come up you just don't see it because you haven't looked for it and because you study and you see it and it it's been journaled and you log it you have experience after experience to lean on and say you know what this has been panning out like he said it was going to and one day it's going to fail in your hands and you're going to need to see how many times it's worked before and that's going to be your crutch that's your counselor that's your that's your remedy for stress and doubt and fear because when you go back and say yeah but look at all this I mean it did it this day I thought I was going to do that it did it I I looked at this day here I did this you got months and years of looking at that and seeing how many times it works so when it does fail in your hands you did it wrong I do it wrong when I lose there's nobody's fault in it but mine it's mine I did it I did it wrong I'm the operator I messed it up guess what that does it immediately allows you to let that loss go but if you take that that loss and you put it in other people's hands so they can criticize it guess what that means now you made it into a discussion It's A Conversation Piece now you're asking other people that you really don't give two shits about but you just want them to patch you on the back when you do it right you're doing everything wrong you have to filter that stuff out even when you're successful you don't go out there and say hey look at all this money I made today because you can't believe it just happened to you if it's in your bank account trust me it's [ __ ] real go buy something you don't need to go on the internet and say this is how much money I made here's the proof of it here's the proof of the payout here's my certificate [ __ ] that that's a little dick energy perspective that literally is what weak-minded boys do a man that is understanding what he's doing a man of principle does not need to do those things the fact that he was able to harvest that money bring it home for his family and afford himself and his family whatever they need that that's the reward the Peace of Mind knowing it that's what you can do again next month I can do that again next month I could do that again next month it ain't going to change this is the same [ __ ] it's redundant over and over and over again that's what back testing that's what tape reading and demoing provides for you and because you've desensitize yourself from being right or wrong having to make money see you have to make money if you start with a l account you have to or you'll have to refund it you'll have to put more money in it you're increasing the likelihood and odds of you having to do that if you skip over everything I've talked about so far and what I've already taught many times before but many of you want to just skip over it like it's somehow going to be easier for you and you don't realize that the lessons you get in that stage are the very things that carry you through long-term profitable real money trading what experience do you lean on if you're not having this hope in a prayer emotion dopamine come on you have nothing to lean on you're gambling that's what that is but when you can look at the marketplace and strip it down to its Chrome and say okay this is when the Market's going to move when well at 7 o'cl we can start looking for signatures it's going to do something it 8:00 we start looking for signatures and see if it's going to do do something relative equal highs relative equal lows if if it forms relative equal lows and you've already determined at a new day opening Gap or a cluster of them and maybe a new week opening Gap same thing below the marketplace wherever it's trading at when we start watching price think of it like a Kill Zone you have all of these things behind the scene that retail Traders have no understanding of and they're getting their asses handed to them and without any understanding of why it's happening they're losing and losing and losing and you're on the winning side and you're not worrying about it not working in the future because this is what the markets do when you go out to your car and you turn the key or push the button do you expect [ __ ] confetti to fall from the [ __ ] roof you expect that [ __ ] to happen because I've never expected that to happen Okay I expect the car to turn over and it starts up done that's the that's a reasonable expectation it's what it's supposed to do when you look at these markets with this perspective we're not looking in here and thinking well I said he had 81 of these PD arrays which one's hiding from me today what the hell why is he not trying to teach all that why are you thinking that how about looking for the ones I've taught because they're there every day on any given time frame you're going to find a plethora of everything I taught but your your task and I'm saying this and I'm closing because I've already I already went way over is it going to be a brief one I told you your task is to study price action by back testing journaling old data and then picking out in hindsight where price did certain things okay the next stage is for you to tape read watching real price action so Caleb's got to watch Nothing Live this month he's got to go through old data and collect it and show me what he sees in price what it did and what that will do is it gives him a foundation of identifying Baseline price action what it genuinely and generically will do the following month he will expect I will expect him to watch price live when we're doing the live streams and I'm going to point out things before it happens and tell you this is what you're looking for this is what price should do we don't want to see price do this and then we do that for a full four weeks after that month three I will be talking about pushing the button and getting in and getting over the fear of getting into trades because that's a skill set that you have to have so many people are fear I was scared when I first started trading I was scared to death I was scared and I just started doing entries just I just did it because I I needed to get over it I was afraid as soon as I put in the trade it was gonna do what orang shoes option did to me took half my money in one night so I had to I had to coach myself through doing lots of executions and I got that idea from Larry Williams He desensitized himself by trading just taking trades and just he didn't care just in in in in in and I ended up doing that same thing so but I had to develop things to get in on the trades and over years of doing it I I was fearful that I was going to pick the wrong entry so I understand that what you're trying to do is you're trying to avoid the losing trade and you want the perfect Precision entry with no draw down it'll never even ever even imagine coming close to your stop loss and everything's going to be good and easy and that's what I was trying to do that's why I have 81 entry mechanisms believe me it's not [ __ ] I have 81 ways to get into some kind of a [ __ ] trade I will get into it I'm like a [ __ ] burglar okay I can break into any one of these [ __ ] trades and rob their ass I can do it but not all of them are equal in its its ability to take as much out it's available the higher up on the spectrum of that price run whether it be premium or or equilibrium it it will determine how much you can yield from it but I can be in there which is why when I pyramid and I build larger positions all of that's done with having a greater understanding that came from me doing this for years seeing it these these candlesticks are not doing anything anything different than they did when they were doing it in 1992 think about that price is not doing anything differently today than it did before I was born and I'll be 52 tomorrow 52 and these markets I have charts that are predated my birth and they still do the same stuff they do the same stuff the only difference is it's much more cleaner to see and identify because we have 24-hour markets well 23 hour markets because the indices stopped trading for an hour but it's it's become very clean which makes it easier and if they ever take away the new week opening Gap I'm sorry the new day opening Gap like say say they take it away and say okay it's going to be 24 hours trading who gives a [ __ ] I don't need that because we have new week open gaps and we have relative equal highs and relative equal lows like you're worried about things that's going to be no problem at all so while you have these advantages why aren't you using them all the time and energy you're spending worrying about it's going to stop working you know they said that same stuff when I was on baby Pips oh this is going to stop working because he's teaching it if you believe that how many years has it been 14 years so you're going to wait around 14 years to see if you're right about it going to stop working instead of using it and making money and bettering your life and your family and preparing yourself for what's coming look around folks on Twitter I've said all kinds of stuff was going to be mad house we're in it now look what's going on over UK look at Bangladesh look what's going to happen in the Middle East here soon and all that stuff is going to be in all of our lives and worse and in November we'll see what we get here in the states there's a lot of stuff coming folks and it's not meant to rush you it's not meant to panic you but you know I'm doing what I can there's too many of you to dull out money to you that doesn't fix anything so if I can teach you how to fish and give you a peace of mind knowing that you know even if you make your your groceries every year every month you know what you spend on food that's a blessing that is a blessing and my hope is that you'll do well with this and you can help somebody else that can't do it if they can't meet their bills and you just help them if I can give that that mindset to all of you and just 10% of you do that man what a what a blessing that is that gives what I'm doing here a a deeper sense of of value you think that it's just you that needs to make the money I'm hoping to change the way you think about money I want you to think of it as a tool that yeah you can make it you can make more of it anytime you want but do having it in the bank or leasing Lamborghinis and McLarens all that [ __ ] that that is trash all that stuff nobody cares about it and after a while nobody cares about and then it makes it feel worse because you have it still and nobody cares about it but when you help somebody else and you give somebody a helping hand with hey look you know I could see these these people they can't make their their rent they can't they can't feed their family or they may lose their job maybe made redundant the economy is getting ready you know to tear everybody up and just because we have millions of dollars in the upper percentage of uh everyone you know like myself I'm in the upper class classification of IND I'm not poor but I'm going to feel it just like everybody else will I have to
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