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ICT 2024 Mentorship Lecture #2 August 6_ 2024

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e e

well good

morning this is an audio check

now before we get into

this uh my comment

section and my text messages on my cell

phone and email box and every form of

communication that anyone could get to

me everyone was trying to let me know

that the volume was too low

yesterday and

I'm doing the same thing I did yesterday

okay uh I noticed that that some of the

individuals that left comments saying

that the audio was too low um or that I

was using a cheap microphone or whatever

um I actually have good equipment to

sometimes YouTube just doesn't want to

Comm communicate the way a streamer

would like them to do and I'm not doing

anything different today um I went

through the process of checking

everything I have the microphone

literally almost clipping there's a

little gauge that shows how how high the

audio goes up as I speak and I'm and I'm

at the last little line before it goes

into the orange and then it's in red

then it starts clipping when then it's

really bad audio

so the compression and all of the things

that YouTube does on it servers

sometimes corrects any issues through

the capture of live

streaming I've actually had this happen

in some of the you know the not live

session but lectures and videos I've

made in the past where the audio even on

my um side when I would listen to it

would sound different than my original

capture that's on my system so I'm not

doing anything to try to make it harder

for you to listen to me uh I'm not using

substandard equipment I have pretty good

amount of money and stuff I'm using and

I don't know what else to do so my

volumes exactly would it's supposed to

be my microphone is working properly and

I don't know what else to tell you okay

so uh if you're sending me text messages

by the way um I don't ever really get to

see them until later on and uh generally

I block your phone number because you

you took it upon yourself to to step

into my private area of my life and I

know my phone number and my address and

all those things are on the internet um

I'm not inviting you to send me text

messages so uh you can send me something

one time but I'll never see it again

because you you've crossed that line

it's kind of like the people that come

to my door and knock on the door I'd

like to meet you and talk to you ICT

please don't do that I'm not I'm not

going to go out there and talk to you

I'm not going to shake your hand I'm not

going to do a selfie with you I'm not

that important so anyway today um it's

going to be a little bit more technical

but I promise it won't be too much and

it won't be a long session okay

um I have a eye appointment tomorrow

just so you guys know for scheduling

purposes uh we will be doing an

afternoon lecture so we'll be doing a PM

session and some rule based ideas for

you to look at the market during that

time Caleb and so I won't be here

tomorrow morning session but we'll start

the stream at 1:30 p.m. eastern time

tomorrow so Wednesday session will be an

afternoon session and then uh Thursday

we'll be back to a morning session and

Friday will be a morning session as well

okay so one things I want you to

understand Caleb is you when you're

doing your journaling and your logging

which is what you're going to be

primarily doing for the full month of

August okay you're not trying to push

any buttons you're not trying to demo

trade you're not trying

to do anything specific about entering

the market but you're just collecting

data collecting information and you're

being organized so that way it's

training and activating your particular

activating system okay I means the when

you see a car that you just

bought it seems like everybody else

bought the same car it's only because

it's now meaningful to you so the things

I introduced yesterday I kind of like

want to give you the rule based idea on

what it is very specific and I have to

clarify a few things because it was live

streamed yesterday and I said a couple

things incorrectly after listening to

the playback and a couple of you

actually reached out to me an email and

questioned them questioned me about what

I I meant about certain areas of my

dialogue and I realized I didn't say

something correctly and for instance it

was me referring to the second stage of

reaccumulation I called it miscalled it

second stage redistribution well that's

for Market maker sale model but because

I'm out here without a script I'm not

following Q cards I'm not reading a

teleprompter I I'm just going on my own

stee and just what I see at the time so

I'm going to invariably make a mistake

of Mis calling something it's not

intentional it's not to confuse you or

anything um but I'm human so I'm not AI

like some of you actually think I am I I

I have frailties and faults just like

any one of you so if I'm out here in

front of the world doing it

live I'm going to make a mistake say

something in incorrectly I'm going to

you know have no way of editing that out

and make it more pable for a firsttime

viewer to listen to it and not have any

distractions by something I did as a

human being uh and that's why I prefer

always to do uh pre-recorded lectures

because my obsessive compulsive this

wouldn't let me do the live streaming um

but I've spent a lot of time in the last

year or so just getting over a lot of

that stuff and uh I'm in my 50s so I'm

trying to take things a little bit

easier I I make things too personal when

it don't need to be so anyway uh I

introduced some things yesterday VIs

ually I talked about what the market was

going to do why it should behave a

specific way and how you should be

comfortable sitting in front of the

charts and observing and getting used to

doing that in initially and not trying

to force yourself into try and to pick a

Direction so you can impress dad uh not

try to tell me what you think's going to

happen beforehand so that way you can

tell Dad hey I I did that right remove

the right and wrong right now just get

that out of your head you've already

sent me text messages tell me what you

think's going to happen okay now for the

purposes for everyone here to know what

he sent me I'm not going to be able show

you the screen but I'm going to read I

didn't actually read it word by word but

I want you to see what Caleb's

expectations were are for today and this

is without any prodding or coaxing on my

part um at

7:33 a.m. he sends me a chart that I

really don't understand what he's

showing me so that's the point of

today's lesson I want your charts to be

organized I want it to be very specific

and capturing what I want to see so that

way we can measure your progress going

forward and that way your your charts

will look uniform every day and then at

the end of the week you know we'll sit

down with a a weekly recap and uh

that'll be your first video everybody's

asking for your YouTube channel right

now there's nothing on it yet okay so um

hopefully this weekend we'll have

something where we sit down together

maybe a res resume call and we'll review

what you've done and how to go into next

week as well so it's kind of like over

the- shoulder approach to ICT grooming

and teaching his son mentoring him and

that way you get to be a part of that

experience

so but he says at 7:34 he says he wants

to see it take the swing low

then go long take out the relative equal

highs and then reminds me don't forget

they do an audio

check listen the audio is going to be

what the audio is going to be okay so

don't send me any

messages

um and for ass has to send it really

rudely in the comment section I never

will see a comment from you ever again

so I I make you invisible to the channel

so you think you're leaving messages and

posts on my channel but I'm never seeing

that again so if you're rude I got no

time for you so anyway Caleb thinks that

there's going to be a rally higher today

and that's not to say that's right or

wrong because I purposely have kept

myself away from looking at the charts

so I I'm sitting down with you right now

with the exception of just loading

trading View and opening up the

quadrants that or on the screen now the

four charts there's should be a a chart

in the upper leftand

corner right up here that's my 15minute

time frame chart every chart chart here

is naked that means I have absolutely

zero annotations on them and this is

what it's going to be like for you if

you have a job or if you're in

University or if you're

sleeping and you're coming back to the

marketplace to kind of

learn what has happened to train your

eye okay um for the folks that are here

that are just chomping at the bit they

watching me push buttons and enter

trades that's not

today the reason why is because I'm

teaching my son on how to start and

anybody else wants to listen this is the

proper way of doing it I've already

proved yesterday I can call it minute by

minute and tell you where it's going to

go if you didn't see that go back and

listen to it again but we're going to go

back into yesterday's price action and

show how if you can't be there live okay

say you can't watch me live either

because your boss is over your shoulder

constantly hovering over top of you and

you just don't want to risk losing your

job please don't do that don't lose your

job because you need that right now

until you get to the point where you can

replace it with your Investments and

then eventually double it and then have

two years of living salary and then you

can quit your job but until then don't

we can't talk about quitting jobs

so the upper left hand corner is my

15-minute time frame the lower leftand

corner is a FIV minute

chart and then the

upper right hand corner is a one minute

chart and for teaching purposes and and

to answer a few questions that came up

from my private mentorship students U

how to to hold on to a trade and or how

to look for um additional entries if you

miss the ideal one that would be on the

one minute chart so I'm going to give

you a little bit of of lesson on the

price

Continuum price delivery Continuum

Theory which is where we go through all

of the time frames and all the time

frames as I mentioned yesterday this is

it I'm not using anything higher than a

15-minute time frame because it's

intraday trading you don't need a daily

chart you don't need an hourly chart you

don't need a 30-minute chart you don't

need anything above a 15-minute time

frame because everybody everyone's clock

I don't care if you're from Switzerland

Uganda you know New Zealand by the way

did I did I read something correctly New

Zealand did you just pass a bill or a

law that says that they can arrest you

if you've not received the arm ticket

from Mr 19 and I can't say everything

exactly as I want but it seems like I

read something that said that New

Zealand uh lawmakers have passed a law

stating that they can arrest you if you

don't have the thing that should have

been introduced as a remedy for Mr

19 wow that's and then forcibly give it

you send me an email if you have any

information on that in title at New

Zealand and that way I I'll look for it

because I get too many emails I can't

read every

email but uh you wherever you're from

you're all going to have the same face

on a clock and everybody has a 7 o'clock

in the morning everyone has a 8:00 in

the morning and everybody has a 9

o'clock in the morning and as long as

that time is set to New York local time

every one of us are going to be on the

same page every single Market day we're

all going to be expecting the same thing

there's no way for me as the educator

here to have a out I don't have a way of

saying well this is what I really meant

and it did this and that it either works

or it doesn't right

yeah that's the litmus test it either

works or it doesn't it either holds up

it stands the test time or it

doesn't how can you prove that to

yourself to trust it that's the

important factor and this is the part

that most

Traders when they're developing

themselves they rush through this and

this is such an essential part that I

can't stress it enough and I've done it

a lot in lectures and teachings and all

of my mentor videos videos is focused on

slowing you down in the initial stages

because you're too quick to run out

there and try to make money and you

don't know what you're supposed to know

you don't even know what it is that you

should know and what you should avoid

doing and I'm I'm going to cover a

little bit of that today also how to

organize your charts and then I'm going

to show you what you need to be doing as

homework for the rest of the day because

we're only going to be here till around

o00 hopefully that's my plan at least

right

so that way you can go in and start

looking for very specific things that

your eye will jump to initially doesn't

mean that that's going to be your model

doesn't mean that's going to be your

entry technique that you live buy and

and make all your money from it just

means that that that's your first one

and it's an invitation for your

personal interest what you gravitate to

initially wherever you are in your

development as a Trader and what you've

been accustomed to seeing from my

content I I have to allow that part you

have to give yourself permission to have

that part as well because if I force you

into we're only going to use Breakers

we're only going to use order blocks

we're only going to use fair value gaps

it's going to alienate a large segment

of you and you will be left behind in

your development and that's not that's

not proper learning that's not um a

Hallmark or a signature of a good

teacher so I have to um I have to make

allowance

for you to bring your own personality to

this and you're going to see the

benefits of that because some for some

of you you've been trying to lock

yourself into one trick pony ICT

Concepts because either I've done a

video or I've done a trade or I've

recorded something or I said something

that really resonated with you and you

think because it sounded cool you know

you want to be tactical in your trading

instead of technically linked to your

personality um it is going to going to

be easier for you to see how you've held

yourself back by trying to force

yourself into a mode that nobody asked

you to

do the proper learning is for you to

come into this and say okay there's lots

of things in this candy store I can have

which one do I want to work with first

it doesn't mean it has to be my favorite

say but I have to start somewhere so I

leave that up to you and I it'll make

much more sense when we get into the

charts and in the technical aspects but

initially I want to give you the the

protocol that you go through every

single day when you sit down front the

charts whether you're doing it live or

if it's after the fact and you come home

from University come home from you know

school if you wake up and now you're

going to have time to do it um you

haven't made the changes in your life to

allow yourself to actually be in front

of the charts there live or you're

working let's just be real okay you may

not be able to do what we're doing right

here live you maybe you can't see me

doing live streams when I'm doing them

and having the benefit of of borrowing

my experience so what do you do with

that information how do you Journal how

do you log

what it is that you should be observing

and studying each day and then referring

back to that same information on an

individual day-by-day basis on the

weekend whether it be a Saturday or a

Sunday when I used to do Twitter spaces

I would talk about how this is our day

to kind of like ground oursel the

markets are not trading unless you trade

crypto and you're an idiot then you

think that that's going to be real money

in the future uh all those things put

aside that is the day where we rest we

don't try to trade we don't try to

formulate any kind of Hardline idea is

we go back and refer to what decisions

we made what actions we took and or

actions that we should have but didn't

and identify opportunities that we

weren't able to see then and then

encourage oursel through journaling

saying these are the things I did right

and these are new opportunities for me

to investigate and look into because

this was something I didn't have the

pleasure or the

the luxury of understanding or

identifying at the time you see what I

did

there I took something that every one of

us is going to have happen to us okay

there's a u opportunity for us to see

what we could have done better now if

you're on social media or you invite

other people usually people that are an

idiot they don't know how to trade

they're toxic they work at Jiffy Lube

they ain't got a raise and they're

probably on the verge of getting fired

you're going to listen to those

individuals give you Insight or opinions

in your comment section or they're going

to comment to you in a live chat via

someone else's live stream if you make

yourself available okay toxic people are

going to give you their opinion

unsolicited and they're idiots you don't

want to listen to an idiot The Village

Idiot mentality is in every segment in

every community of trading there's a

whole bunch of them there's a whole

tribe of them okay and you should not

care what anybody else thinks and if

someone takes the time to congratulate

you or say Well done you need to dismiss

that as well because you're not trying

to fuel ego you're not trying to allow

anyone to influence you negatively

either but that same element needs to

occur in your journaling which means you

have to filter out all of the toxicity

that you're invar going to reach into

and say I didn't do that right I was

stupid of me I should have saw that

soand so forming in the chart or I saw

it but I ignored it because I wanted to

be right and then you you feel compelled

to you think journaling is a beat up

session like you're you're you're giving

yourself an ass chilling you're not

trying to parent

yourself you're not trying to be dad

you're not trying to be mom overbearing

you know correcting you and punishing

you what you're trying to be is the best

coach for someone that you

love if you're trying to coach someone

that you genuinely love and you don't

want to break the spirit of and you want

to encourage that person you should love

yourself just as much as you love your

spouse or your children you have to have

some measure of resp respect for

yourself and tearing yourself a new ass

in a journal is not going to help you

get better you're not trying to play a

drill sergeant we mentioned this

yesterday as an analogy when you go

through boot camp they're tearing these

individuals down mentally and physically

and to the breaking point and then

they're shaping them up into a sword

okay you're going to be a marine you're

going to be a machine you're going to be

a soldier of fortune you're going to

you're going to go out there and rip

people's hearts out and eat it before

they die you they're trying to turn them

into an animal for war purposes that's

not what you're doing in a journal okay

you're not trying to mutate yourself

into some crazy Wolverine you're

literally coaching yourself and you're

encouraging yourself in any opportunity

where someone else could and yourself as

well could take something out of context

and say this is a perfect opportunity

for me to dump on myself and spend too

much time dwelling on a negative thought

or a negative reaction or an inability

to respond or react to an opportunity

and frame it and encapsulate it with

toxicity you don't want to do those

things in your Journal now for people

that are idiots they're going to say

well you're just sugarcoating it okay

and it's a waste of time journaling is a

waste of time I promise you these people

are not making money these people do not

have trade they're not consistent and

there're just absolutely miserable

cretens you need to keep all that junk

and filth out of your mind out of your

circle of influence that's why social

media is a

cancer this is my only mode of social

media I am not on Instagram I'm not

active on Twitter I am not doing

anything else I'm not in a Discord I'm

not running any kind of social media

where people can engage with me hey hey

how you doing it's not how that works my

private mentorship we have a space okay

we have a a space where we communicate

when I want to make something available

to them I talk to them that's it and

it's at my time it's it's my I don't

schedule anything it's just when you see

me I appear and that's

it outside of YouTube this very YouTube

channel there's no other ICT experience

and when I mentioned that I was never

going to do a paid mentorship I had

people leaving comments yesterday saying

you said you was never going to do

another mentorship right for

money I'm not asking for payments you're

not sending me any money here you're

watching because you want to watch or

you don't want to watch

so you have to manage a lot of people's

personalities if you allow them to have

any interaction with you so the best

thing you can do if you're really going

to make an attempt to do do it well is

what I told my son I allowed him to be

amongst my private mentorship students

he's he's among them right now but I've

also told him don't talk to any of them

and don't think that it's rude don't

think that you're trying to be pompous

or arrogant because these individuals

are going to try to warm up to you and I

have leakers in my in my groups they're

they're there okay so I told him don't

even listen to it they're going to blow

smoke up your ass they're going to try

to befriend you they're going to say

whatever they want or some of them might

take a shot and say hey look your dad's

not on the leaderboard of robins cup

he's a frog and what are you GNA say

about that well they won't have the

balls do that because they I'll get i'll

broom them out of the mentorship but the

point is this

don't allow toxic people or anyone to

fluff you up and you need to do the same

thing in your Journal it doesn't mean

you can't congratulate yourself and

cheerlead yourself when you do it right

just don't lay it on thick where you

think you're you know the be's needs if

you will meaning that you're really a

hot shot or or better than you really

are so you have to be very very balanced

but you're leaning heavily on coaching

encouraging yeah you may have not

observed

a specific function in price delivery

and it just happened to be probably the

biggest run of the day and you in your

infancy and your understanding you don't

see those things forming yet because you

haven't had an experience doing these

very things I'm going to show you today

and then studying it and looking at Old

price moves this is exactly what you

need and must do you will not be

consistent you will not be consistently

profitable you will not be comfortable

waiting for setups until you've done

this part now I'm forcing Caleb to do

this for a month because I want to see

that number one he can stick to the

process of doing it over and over again

I don't want to receive texts from him

saying what he thinks going to happen I

don't care about his opinion and it's

not appropriate for him to have that

understanding yet anyway he thinks he

thinks that he should he thinks that

that's going to be a measuring stick so

Dad can feel like okay my son's doing

his part no I'm going to know you're

doing your part by what I'm going to ask

outline today and then this weekend when

we see it together I'll know if you've

been doing it or not because you can't

make that up it's something you have to

journal it's something you have to go

through the process of studying the

charts you can't fake that you can't

watch 10 minutes of my video like my son

Cameron did and said yeah I was watching

your videos that and so and so and so

okay then I asked him something else I

said in the video and he had no idea

what I was talking about because I know

what he did he skimm through the video

listened for a couple buzzwords and he

fell into the same Click A lot of people

do on the internet they want to talk

with the language but they have no

understanding but they'll use Market

replay to teach my stuff it doesn't make

any sense you don't want to fake it you

want to be able to do it genuinely and

you want to have a genuine mentorship

experience well your part of this your

personal contribution in initial stages

is what this is all about today Okay so

yesterday I talked about the process of

not going above a 15-minute time frame

and I know some of you that have a

higher time frame affinity for like a

daily chart weekly chart whatnot U that

probably feels very uncomfortable

hearing that and I've said this before

um you you don't need all those time

frames now when you have a model that

you're risking money behind it's

important to refer to those things but

right now the only thing you're trying

to do is get familiar with reading price

action and getting over that fear of

missing moves and fear of not knowing

the fear of not knowing what's going to

happen next that's an it's an enormous

sense

of well it's like a barrier you feel

like you can't break through this

invisible force field of I wish I could

know what it's going to do next because

if I could just do that then I could be

profitable and I'm telling you that's

not true that's not

true but it has a necessary role in your

overall development and it needs to be

the first thing where is the market

likely to move directionally where is it

going to gravitate to and what time

usually will these moves form I

introduced the very generic form of that

yesterday it's not complicated and we're

going to go through the rules very very

specific and it's not a lot of them it's

not a whole lot of moving parts and I'm

going to clarify what I meant yesterday

prior to 7 o'cl in the morning and what

you're specifically looking for because

I got a question from one of my private

mentorship students and I I went back

and listen to I was like oh yeah I can

see how that causes confusion so I'm

going to I'm going to address that as

well I apologize if I confuse a little

bit of of some of the ref references to

time around that 7 o'clock in the

morning because it does sound like I say

um look for it before 7 am. and then

later on I say you don't want to look

before 7 a.m. so I'm going to clarify

what I really meant there and like I

said I'm not using a script I don't have

any kind of bullet points to go by I'm I

know what I want to talk about but

because I was watching price action live

uh my intention was on that as well as

as talking about what it is I wanted to

cover but yes there was a casual lesson

you this is a little bit more specific

so I have lots of charts available to me

in Hardware on screens that are off

right now in front of me I'm only

physically working with a laptop

computer most of you only have like a

tablet or a singular computer screen or

a laptop okay and you can do everything

from that

okay um I would counsel you not to try

to put your faith in using just a

smartphone okay um if there's something

you're observing and studying on the you

know on the move like you're at work and

you're getting a a bathroom break or if

you're on lunch break and you want to

look at the market through your phone I

don't have any qualms against that but

if you're going to try to make an

attempt to learn how to do this well and

consistently you need to have something

larger than your smartphone okay and I

don't mean the one phone like my son

Cody has he opens it up and unfolds and

it's a bigger screen that's still not

enough okay you have to have a a laptop

at minimum okay about 15 inches you know

minimum surface

space you may not have a trading view

subscription that allows you to do some

of the things that I'm going to refer to

today you do not need a sub one minute

time frame but I'm going to show you for

the people that do have that how to

integrate that into this okay I

mentioned it in passing yesterday so now

I'm going to give you the rules and how

it looks what it looks like rather in

the price runs from yesterday and how to

study today because I won't be with you

after the opening bell at 9:30 eastern

time the uh and also the reason why I

want to keep this short is because I

have not been doing a lot of talking and

yesterday you know a little over two

hours I I got a little horse yesterday

so I want to make sure I can preserve my

voice I don't want to come to you

tomorrow and say I can't talk I lost my

voice

as much as some of you guys really want

to hear hear me say I lost my voice so

I'd probably still sit out here and type

over the chart and without having to say

anything it still do the same thing but

people that don't know English they'll

send me hate mail saying I can't read

what you're saying why don't you have

subtitles because I'm not speaking it's

all being typed out so your your chart

if you have the

ability put all four charts up on the

screen like this your upper left is

15-minute time frame lower left is 5

minute upper right is 1 minute and if

you do have the ability to look at

anything less than 1 minute you can put

a 15c chart not that you need it but

you're going to find out today that it

is very very uh informative uh for

seeing what price is doing underneath

these one minute candlesticks that you

never really are aware of usually or

probably didn't even think of it okay

prior

to investigating and studying it because

there's a lot of things that you would

see on any other time frame occurring on

that 15-second chart and it's very

forgiving so is if you missed a move and

you missed an

entry the 15 second allows me to get

into a move if I missed my ideal fair

value Gap or if I have a limit order and

I have the the order sitting inside of a

level that I feel pretty confident that

it's going to trade to sometimes I've

had it and if you watch some of my U

recorded sessions before uh you can see

where I had had limit orders where it

goes up and touches the limit order but

doesn't go above it for the spread and

I've had one instance where it did

technically go above and the spread

should have afforded me the fill but it

did not fill me guess what that means

that's the real world that's what's

going to happen to you when you start

trading you're going to have limit

orders that don't get filled because

we're using such a degree of

precision that is a welcome struggle

that's a challenge that I enjoy having

and you're going to learn to have that

that mindset as well whereas right now

if you don't have a whole degree of

importance placed around Precision um

when you don't get your fill on a thing

it's you it's it's struggling point for

you to wrestle with why did that thing

take off without me I'm never going to

get another move this is the only move

I'm ever going to capture and I missed

it that's what you think that's what you

feel but me and my students that have

done these things for for years and

years now we're comfortable with ah well

I was trying to be so perfect and

precise about where I wanted to get in

at so I can have a very small stop

excuse me very very small stop loss it

didn't fill me and it started running

away so I didn't get my best fill we

don't get upset about that we're not

cussing at the screen oh you so and so

you didn't give me my

fill okay that is an expression you

don't be a dick for a tick um if you're

trying to be very very precise about

your fills and your entries um and you

don't give yourself flexibility and

permission to see it not fill

sometimes you're going to have a real

hard time in the early stages of order

placement and learning how to trade

entries because you're going to be

demanding Perfection and demanding

Perfection is an is an invitation for

frustration and regret and struggle and

it's going to make your learning process

a whole lot harder you know and longer

you don't want that

so a 15sec chart just I'm going to say

this and then we'll get into the

business of the 155 And1

The the

advantages of a 15-second chart is that

I can get into a price run that I missed

on a one minute

chart a f minute chart or a 15 minute uh

chart or any other time frame that I may

be looking at but for the rules that I'm

placing on you Caleb these are the only

time frames until I tell tell you

otherwise you're not looking at anything

else so don't send me a daily chart

don't send me an hourly chart don't even

ask me questions about any other time

frame ever until I introduce some other

reason for you to look at another time

frame because this this universe right

here okay this whole solar system of

price action is all you need you don't

need anything else you literally need

nothing else but this I mean truth be

told I said this before I don't even

need a chart I don't need a chart to

trade but to communicate what it is I

know that I'm not going to teach I use

charts to kind of bridge the gap so it's

a very effective

medium to prove that is it's your task

to to see what I'm saying is valid or

not so you all have this entire month to

to walk forward and see what it is I'm

talking about whether it works or not

you all will be able to see if it's

based on fluff or if it's really valid I

walked you through it yesterday live

over one minute chart every fluctuation

telling you what was going to

happen there's still huge opportunity

for you as the person in the driver's

seat of determining what it is you're

going to do with this information

because there's as you're going to see

today there's a lot of that in your

disposal you have a lot of input that

you're going to bring to to this and I'm

not asking you to send me an email

saying okay I watch this and this is

what I'm choosing to do like like I'm

going to sit down and say well that's a

good decision of what you're focus on

and I think this is a great I don't have

time to do that there's too many of you

that always try to reach out to me and I

physically don't have the time to

respond to everyone and that makes a lot

of you upset like I'm ignoring you

specifically no I'm trying I'm trying to

ignore all of you I've been trying to

have a a normal life okay and not have

ICT ISM all time but the 15sec since

just simply gives you more opportunities

to get into a move that's underway that

that that's really all I'm saying or to

dial down and reduce the risk and the

exposure of a stop-loss that would

otherwise probably require much more

handles or Pips if you're referring to

Forex it can be reduced very small

because you're looking at a 15-second

time frame now don't think for a second

that the 15 seconds just answers all the

equation and and and problems of larger

stop losses because if you don't know

how to reprice action and if you don't

know what that 155 and one's

doing just because you looked at a 15c

you're some of you are thinking oh he

just gave me the shortcut there there's

the shortcut all right ict's the plug

hey he just gave us the Seeker this is

the it's the golden ticket don't look at

anything else folks everything else is

distraction to red herring 15 seconds is

the answer and when I started talking

and trading off a 15sec chart I got

responses like that like oh bro like

you're the ghost like you're you you

you've you've tipped the hand you made

it it's easy for us now and then

invariably Weeks Later they're like I I

don't know I'm getting chopped up on

this 15sec truck right yeah because you

thought you were just going to jump to

the head of the line and no adversity

and you can't do that so son when you're

doing this I know right now he doesn't

have just so you know he doesn't have a

membership or plan through trading View

okay so that way here's what you maybe

don't know but my private mentorship

students have been monitoring this for a

little

while the uh we're probably going to go

to like 9:20 way I'm looking at good

time but all this is essential because

I'm going to answer a lot of questions

that you you're going to keep trying to

send to me and it's going to frustrate

me because I answering them in the

dialogue but my son doesn't have live

data okay and you're probably saying

what business should he have trying to

learn this stuff if he's not looking at

live data because I am talking to him

and I'm telling him up until recent

now I would tell

him by me either entering a

trade

live not Market replay not hindsight

stuff I would Point his attention to a

specific level like I was outlining it

yesterday for all of you watching and

thank you all for giving the thumbs up I

appreciate that last time I looked that

was 177,000 thumbs up so um it's like

10% 170,000 175,000 people watch the

video or live stream either replay or

whatever um it's still a little bit

lower number so you know I'm trying to

figure out what you were expecting

because it literally did exactly what I

said I was going to do

but he watches delayed data and for some

of you that can't afford trading view

stuff um they do a Black Friday sale and

last year I bought like six years of

trading View um membership at the level

I have which is the highest I use the

highest one and it was I think it was

like 600 bucks or something like that I

got like six years

of like everything that I use right now

which is the highest membership you

don't need the highest membership okay

but I'm not a representative for trading

view I'm not trying to invite you to

spend money there this is just the

medium that my community asked me if I

would use when mt4 became exposed as a

way for people to rig it okay and people

accused me of using a white label broker

um and I've already smashed that lie and

conspiracy it's destroyed um you watched

me do it yesterday okay I I know what

price is going to do I don't need a a

gimmick okay I don't have a a fake

brokerage firm that like Hano trade okay

oh yeah that's they make this person

look like he's made a lot of money and I

can go in and edit my trades and that

way you can get other people to go in

and sign up with them they can lose

their money and these types of Brokers

you know keep the money because they

they bebook you and that's the that's an

opinion that's not my opinion I've heard

other people say that so just for for

the people of Han trade that want to

send me some mail just know that I'll

I'll respond to that accordingly as well

I'm using an analogy that's been said

and banded about by other people I would

never trade with hando trade by the way

but the point is I'm using a medium that

the community introduced to me I didn't

even know anything about treading it so

don't think that this is an invitation

for me to make money There's No Business

arrangement with me uh trading view has

asked me in the past to have some kind

of partnership I have declined that I

still have the messages that's been

screenshot I can load that up on my

trading View and show it to you but for

privacy sake I'm not going to disclose

the person from Trading view but I've

have been honest I've never had an

affiliate with anyone so my opinion is

always Raw it's honest and sometimes

it's going to be

appearing disrespectful to them if it's

something I don't agree with if I say

there's something that there's a problem

with I don't like it like for instance

fxcm um I think they're a broker

and they should have been shut down

entirely not just move out of the United

States but that's my opinion right

that's my personal experience with them

and I'm glad that the US can't deal with

them and they do you a favor by leaving

long story

short he has

a task of securing on black Friday a

trading view plan or membership where he

has real-time data so he has what he has

a few months because Black Friday is in

November so he is not going to need or

require live real-time data at all

because I'm I'm providing that

perspective I'm providing that okay I'm

coaching him along and then because he's

doing it with a a delayed data I am

pointing at real time data

and a setup that I'm expecting to take a

trade on drawing to a a pool of

liquidity whether it be relative equal

highs or relative equal lows and then he

has the benefit of not even having any

hindsight Advantage because he's now

what is it 15 20 I don't even know what

the delay is okay whatever the delay is

on trading view like if you don't have a

membership and you're looking at the

Futures chart I don't know what the time

limit or

deferred uh delivery of whatever the

real time price is right now for me or

anyone else has real time data versus

what trading view shows you like I don't

personally I don't know what that is but

Caleb doesn't

have any advantage he he doesn't have

any resource to tap into to see okay um

I want to impress that but I'm going to

cheat and I'm going to look at a a chart

that has real time dat I know it's going

to go there in the next couple minutes

so therefore I'm going to trade this or

I'm going to say it's going to do that

see he hasn't have any of

that so because of that he has a unique

perspective as me as his dad I have the

experience I can see it real time and

know what it's most likely going to do

more times then it's not and then I

enter a trade so he can see Dad doing it

right Dad calling it Dad executing on it

Dad managing a real stop loss managing

the stop loss throughout and then

watching the targets get hit or if it

reverses and takes me out with a stop

loss that prematurely exits the trade he

sees all that stuff you know as it's

going I update it constantly as going on

but then he has the ability to see the

trade forming with me telling him what

I'm doing with my account with real-time

data and it's a unique learning

experience because number one he has me

telling him what I'm doing real time but

then he can stalk the chart he can see

it as it's forming

knowing that I have placed skin in the

race with my execution I have face to

save I have money to lose I have profits

to make I have a real

management engagement with this idea

whereas he has just the luxury of I

don't have to be right or wrong I want

to wait and see when the chart presents

the things that I'm trying to learn and

it when

it's given to you like that it's like

the best of the best and for anybody

that has an issue with that you're an

idiot okay because he has all of the

advantages and none of the disadvantages

he can't lose money he's being primed to

look at it at the right time and it's

always the same times all the time

because the market is algorithmic so it

subconsciously trains him and he's

learning on the surface level what he

should be

feeling and how he manages expectations

over time

and until we get to Black Friday which

is uh in November he'll purchase at a

discount rate because trading view

always does a very very deep discount

and I don't recall how much it is

because I don't worry about price tags

but I bought

it at that time because I realized I was

spending full price by buying it in

January and I didn't know they were

doing black fry I don't usually worry

about Black Friday salees stuff like if

I want something I just buy it and I

don't really care to know what it costs

I don't shop around and try to get a

good deal I don't give a if I want

something it's in if it's in front of me

I'm taking it home with me while trading

you I'm telling you if you're buying it

any other day except for Black Friday

you're wasting money so there you go and

they're probably going to be mad at me

because I said that but Caleb isn't

going to be spending any money on

trading view charting or real-time data

until that that month so the third

Friday of uh November and then he'll

have the ability to see things really

real time too but he has at that time he

has several months of learning how to

anticipate these things that he watched

me do like you did yesterday but he's

been watching me do that for a while and

my students have been watching me do

that for

years it doesn't it doesn't change

doesn't morph

so let's go into the business all right

so if you go over here and you look at

my 15-minute

chart I know that's a really long

monologue but uh

you have no idea how many questions I

get and how those types of segments of

my delivery removes a lot of headache

because people get mad at me like I'm

ignoring them and there are questions

and just it's not about you bro okay

you're not the only person I'm talking

to and the 15-minute time frame what

you're doing is you're looking at time

first and let me first cancel out the

confusion I probably cause some of you

so here's here's 7:00 in the morning

today

right you want to put a vertical line on

that it doesn't need to be a very bold

color anything like that you want to

just be able to annotate 7 o'

okay the things I mentioned yesterday

where I said you want to start at 7

o'clock in the morning that's true Caleb

you don't want to look at anything prior

to 7

o'clock because you are not versed in

anything with the London session I'm not

expanding your your your focus and time

beyond the scope of 7:00 in the morning

New York local time that's your that's

your punch in time okay that's the

earliest you can refer to in price if we

look at now pay attention to this okay

because this is going to answer the

confusion I ca yesterday without really

wanting to at 7 o'clock in the morning

that begins your hunt for relative equal

highs or relative equal

lows what I meant to say but I wasn't

very successful or articulate in the way

I said it is when I was referring to the

London session you do not this is the

part where I said this is really

important this is key takeaway

information do not look for your

relative equal highs or lows prior to 7

o'cl

Caleb that does not mean students that

have learned models from me in private

mentorship that they shouldn't be doing

an observation on these relative equal

highs because if you're looking at prior

to anything at 7 o'clock in the morning

what you're really doing is you're

referring to London sessions price data

and its profile not Market profile where

it has the volume you know horizontally

okay like it's something

special that that's not what I'm talking

about Market profile is is it making the

high or low of the day in London is it

setting up a consolidation to expansion

Trend day or is it going to be just a

trending day is it seeking destroy you

know all those profiles I taught they're

on my mentorship videos on this YouTube

channel fore free you don't need to pay

for them you don't need to go to

somebody else's five minute trainers and

I promise you they don't know how to use

them

either this reference point at 7 o'clock

if you know how to trade other price

action models or ideas that I taught and

you've been with me as a student for a

while and you do trade London setups as

a continuation or a potential reversal

for a London I'm sorry a New York

session Market reversal profile where

what that means is London session

between 2:00 and 5:00 in the morning

eastern time it's New York local time

always if that if that session time has

seen the market drop like we see here

okay if there if there's going to be a

New York session Market reversal profile

that means that they're most likely

going to see price trade back above and

overlap all the movement that was

started at 2 o'clock in the morning here

well if you're if you're a brand new

student of mine or if you've been

familiar with some of my videos but you

just feel confused you've never been

able to find a footing on how to start

where to begin this is what I'm I'm

teaching that to my son Kaleb cuz he's

in that same boat he has

familiarity you know he he's had TOP

Step account he's done all that stuff

but he hasn't seen consistency and he

doesn't really know what he's doing to

this this is what I'm going to do and

I'm only going to do this so what I'm

trying to do is I'm stripping it down to

the

Chrome and saying this is what you focus

on you start here and then when he shows

me by his progress that he understands

what I've given at this point here today

then I will expand his circle of focus

and his intentions on other factors of

time but you don't need anything

honestly you don't need anything extra

outside of today's stuff what I'm going

to teach

today so in

Clarity if you are a traitor that

understands day of the week and time of

day and London session trade and how it

can communicate a potential continuation

or reversal in New York session you

should have been fine with yesterday's

commentary but for the folks that don't

understand how to trade the London

session and how to in integrate that

with the New York session and how it

works together to make the daily range

that could have costed you a great deal

confusion and I I did I saw a lot of

folks in the comment section saying you

kind of like

you made two two statements that are

opposed to one another at one point you

say look for relative equal highs and

lows prior to 7 o'clock in the morning

and what I'm what I'm talking about is

for anyone that wants to look at the

London session and you understand daily

range and you understand all the other

things I've taught and you're more of an

advanced Trader using my Concepts you

can look for setups prior to 7 o'clock

in the morning but if you're brand new

don't even worry about that right now

you trust me you don't need anything

else prior to 7 o'clock in the morning

all so for clarity sake and simplicity

and to remove all the complications that

you probably thought was being thrown in

there at 7 o'clock in the morning what

you're doing is you're that's your

that's your beginning of the day you're

now starting to look for relative equal

highs and lows and you start on what

time frame first the 15-minute time

frame Okay so this starts the hunt for

at 7 o'cl did we create a relative equal

High yet no we just have One Singular

high do we have relative equal

lows don't look at this because it's

before 7 o'clock in the morning don't do

that don't even refer to it the rules

are very simple you're waiting to see

relative equal highs and relative equal

lows form after post 7: a.m. New York

local

time

now these two lows May be a factor for

the 5minute

chart so we're going to go to the

5minute Chart I'm going to expand

that all right so

now we do

potentially have if this starts to Rally

we don't have it yet this could

potentially become relative equal

lows now with that all you're doing is

you're making taking a mental note of it

you're not annotating your chart because

it's not there you never never never

lead your expectations with something

that has not actually formed in the

chart don't predict the setup you have

to wait for the setup you have to wait

for these signatures to form in price

you cannot anticipate them you don't

know what you're doing yet I can do

those types of things you've watched me

do that with calling inversion Fair B Gs

before they actually

formed and people insisted that it was

after the fact you annotations it's it's

not so the point is is that experience

will be given to you by exposure and

repetition that's the only way you glean

the experience you have to do these

things and they are monotonous they're

boring they feel like they're fruitless

in the beginning it feels like what am I

even doing this for and that's why I'm

talking to you this way because you're

going to want to not do this you might

you might do it tonight today or

tomorrow maybe the rest of this week but

something's going to happen next week

you're going to want to do something

differently because it's not making you

money you're not pushing a demo trade

and you're going to mess up you're not

going to learn you're not going to

progress you're not going to understand

yourself and what you're expecting to

see in price action because you're not

doing enough of it just like working out

everybody can join a gym but you're not

going to stick to the process of eating

well and exercising and sticking to that

sticking to that regimen and that

routine to see the results finally come

that you're G to have to wait for those

results are a deferred result everybody

wants to join a gym and lose 10 pounds

in the first two days and feel like I

didn't I made the right decision but you

have to submit yourself to the process

that these results that you're wanting

you're going to have to wait for them

but you're still going to have to do a

lot of work every single day working

towards those results that will come

later on that's the problem with

Millennial mindset and trading all of

you Millennials out there that are

trying to be

substantial or significant in this

community you're rushing to try to be

significant with no Talent no skill or

understanding and no

prowess and if you do what I'm teaching

you today you'll get that for real and

honestly and in that skill set no one

can take it away from you I won't be

able to talk down to you no one else

will be able to talk down to you because

you'll be able to carry yourself with a

with a skill set that no one can strip

away or diminish and that that's what

everybody should aspire to have but I'm

promising you you're not going to get it

quick five minute trainer videos five

minute mentorship guys they're not going

to get you there okay this is the way

you get there it's Blood Sweat and Tears

it's doing these very boring

observations so post 7 o'cl you're

scanning through looking for relative

equal highs and relative equal lows we

can't refer to that low because it's

before 7 o'clock in the morning so we go

down to a one minute chart I'm just

going to toggle through on on the chart

itself and here is the 7:00 delineation

and you're looking for relative equal

highs now the these have already

happened

okay so that's something that you could

have observed at the time at 7 o'clock

morning we weren't here obviously at 7

o'clock but it ran through there so what

did this

do okay think about what I was talking

about

yesterday there's two two different

characteristics in price delivery that

is a very very simple perception of what

price is done it took an area that's

smooth and made it Jagged so what

happened

here this was an engagement for

liquidity so what did it do it took buy

side after it took that buy side where

did it go directionally

lower so if it's done this type of work

then you have to go back through this

price leg from here down there see that

so what you're going to wait for is

something after 7 o'clock in the morning

to create relative equal

lows it could rally up and then these

relative equal lows could be the setup

for a run lower and if it goes below

these relative equal lows and I'm not

saying it's there yet because we're not

I'm not trying to push that on you today

but these are the things you're doing as

you're watching the chart you're

observing and referring so if these

become relative equal lows and it

rallies higher than this High here these

become relative equal lows and if it

wants to go below that how far can it

go refer over there that's not the same

thing as looking at relative equal lows

before 7 o'cl you're just looking for

liquidity for the sake of this simple

liquidity and you're referring to how

far can it go beyond relative equal

highs or relative equal lows you got to

look at Market structure outside this

parameter but initially all you're

looking for is to get a draw or a

short-term bias on to on a time frame

whether it be 155 or in this case one

minute chart where it affords you

movement you're watching to see how it

attacks or attracts to a relative equal

low or relative equal

High we already see that they've done

some work up here there was a sharp

frenzy okay there's blood in the water

up here we don't want to trade up into

that we don't want to we don't want to

trade into this because they've already

done a lot of things in

here so what we're doing is we want to

see it try to make an attempt to run

out some kind of a relative equal

low that's what you start with it

doesn't mean you're right it doesn't

mean it's going to pan out it's just

that's what you start with that's the

process who you work from the 15-minute

time frame look for relative equal highs

relative equal lows after 7:00 in the

morning even if you see them obviously

right before 7 o'clock or during the

London session ignore them all you're

trying to do is learn how to encapsulate

price action if this price all if say

all this price action here was over the

course of I don't know 15 minute time

frames or 30 minute time frames and this

was the close at 4 o'clock in the

afternoon New York time

what that would indicate is that this

was the daily range it created the Judas

swing here it dropped down and it came

off the uh low to close near the low of

the

Deb that's power

three you're going to discover that

every single time you sit down and you

look at the am session you're

essentially looking for that to form

you're looking for some fake

manipulation that creates all this

animation and it does the harmful work

of ing people and putting them out of a

trade that would have been profitable or

putting them in a Direction that's not

right and now they're trapped long in

this case and then they rake them across

the Cs and drop it

lower so you're looking for where the

retail or Street money Street money

Trader is going to be or less informed

Trader they're going to be looking for

support and resistance I'm not a support

and resistance Trader I don't teach my

students to trade support and resistance

we look for liquidity and inefficiencies

and when you go through the process of

looking for all of the relative equal

highs and relative equal lows on the

15minute the 5 minute and one minute

chart once you have either Pann through

and either identified what's available

on any one of those time frames or if

there is none that's

obvious then what you do is you go

through your charts and you annotate all

of the

inefficiencies and we're going to work

our way back up so right now we're on

the one minute chart so this would be

like this you see

this there is no volume imbalance in

here so you're going to start rate the

candle's low Drop it Down to the very

next candle after the big long down

close candle what kind of Candlestick

fair value Gap is this it has a down

close what did I teach you yesterday A

Down close fair value Gap is a

Cy stands for cells side in imbalance by

side inefficiency that means it offered

delivery on the

downside it's inefficient in any

movement back up inside that same range

that creates this one single pass

through until you get into this area

here so that's the furthest we weren't

back up into this range right there so

it's

inefficient by characteristic and

definition anything above this high up

to this candlestick's low right there

that candlestick's low all of that is

ineff efficient and is inviting the

opportunity for price to want to trade

up into it doesn't mean it's going to

happen right now doesn't mean it's going

to happen this session but that's the

characteristic then you have this one in

here we've already worked this one there

so there's a small little section

between that candle's low and that

candle's

High maybe you didn't see it maybe you

did if you didn't don't beat yourself up

about

it I've been doing it for a long time

but your jump to these little gaps and

these small little inefficiencies where

they where they may seem insignificant

to you right now like really why would

you even highlight that that's like

nothing meaning that from this candle's

high and that candle's low essentially

this is what's remaining in

that that little small section and I'm

telling you I've entered trades and

recorded myself doing it with real money

and shared it with you where I've used

levels just like that and place limit

orders just below it to get filled and

it never has any significant draw down

and just runs and takes off goes to my

limit order for

Target if if you're a student of mine

you're in private mentorship you've seen

some of those things lots of times

actually and then over here this

inefficiency let me fix this because I

always want to refer to the original

fair value got but noting what level of

inefficiency is still available that

means the small little section between

this candle's high and that candle's low

right

there so I always keep the original fair

value gaps the the levels because

they're key they can be used again

they're influential it's not so much

that I'm only looking for the uh

remaining unfilled portion I am aware of

seeing that because I'm I can see the

difference between the high of the fair

b g in this high of that candle so I'm

not trying to make any special disting

distinguishing uh note of it but in my

mind subconscious I know that that if

I'm going to go back to that it may go

back here just to tap the high of it and

that'll be it or if it goes above it and

comes back down then I could use this

candle's Wick in halfway point of it

that's how far I can retrace back down

into it and it becomes an inversion fair

value C when I have a Candlestick like

this okay when you're annotating your

inefficiencies we have this one here

there's no volume of balance up in this

segment to

here is that accurate

look

closely what's

wrong the low of it means to incorporate

that volume imbalance right there the

volume imbalance is the the separation

between one candlestick's body and the

very next subsequent Candlestick if the

bodies don't overlap or at least touch

there's a volume IM balance there I'm

I'm quite certain you're not going to

see any information about that unless

someone else wrote a book about my

Concepts and this is this is new stuff

okay I introduced it to the community

and it is very very influential in terms

of reading price action in terms of

precision elements you have to

incorporate that that is your your fair

value Gap why because the Wicks are not

the true narrative that's where the

damage can be done it's like your child

that colors with a crayon in a coloring

book they color sometimes outside the

lines you know that they messed that up

but you're not going to sit down and say

look here look here Billy I don't know

how many times I got to give you this

lesson but you will not be eating dinner

tonight because you colored outside that

picture again sure sure sure you'll do a

better job next time but right now it's

no dinner you're not going to treat your

son like that if you do you need to get

stomped but

if you see your child do that and it

colors outside the line what do you do

oh he he colored a picture for Dad or

Mom and you put it on your refrigerator

or you take it to work and you hang it

in your

cubicle because you're proud of them

right because you know that that's just

an aition it's just something that just

happened and it's not a big deal well

that's how I look at

Wicks yes the algorithm repriced up into

there a little bit that's fine where's

the body right

there so volume volume imbalances here

this this is the stuff you're supposed

to be writing down folks if you're just

listening and eating potato

chips you're completely oblivious to

what's being introduced to you the

volume

imbalance tells you to ignore any of the

wick this Wick will not be all that

influential whereas if you were without

a volume IM balance in here let me zoom

in because I really want to see what I'm

talking about because I'm not sure if

you can see it well some of you guys are

trying to learn this on your

smartphone and got students in prison

that are studying and they're like man I

wish he could zoom in this brother just

read my

mind how you like that so that's the

volume imbalance right there okay so if

you have a fair value Gap or an

imbalance and it has a volume balance in

it any Wick inside the fair value Gap

just completely nullify any intention on

that now find that in your textbooks

find that in your uh ripoff ICT

mentorship F minute trainer guys they're

not going to tell you that Insight

because they didn't make it so the

volume IM balance right there that tells

you if you have that in any Wick in

there just completely disregard

it only if it's a wick that's that's

below the consequent encroachment which

is the halfway point here so any weak

Wick that reaches up to that level or

less ignore any of those Wicks you have

to take it to the body of the candle

okay so that gives you the true

real fair value gap or in this case a Cy

sell side and balance buy side and

efficiency all right so that's the

business there and extending out in time

and the market goes right up to that

high and then folds and creates what

right here what is

this that's that fair value gap between

this low and this candle's high and you

see it trade right up into consequent

encouragement plus a little bit more why

why because the algorithm is affording

anyone that uses this information that

uses this level as a entry point they

have to offer them the

spread right or they won't get their

fill and that's why you get this little

bump right above right there but you're

going to be told that that's buying

pressure the buying pressure just

happens to stop at levels of precision

that fit inside the narrative that I've

proven to you over and over and over

again with live price action before it

happens folks as we go through this that

onion okay that sits in this the the

skull of yours that you think is a brain

I'm going to be peeling back those

layers and getting rid of all that

crusty okay we're going to get down

to the sweet kernel in the middle and

you're going to find out that there

really is an algorithm and it really is

absolutely 100% manipulated and

controlled and scripted until they

manually intervene and then it seems

like the markets are random the markets

are controlled by buying and selling

pressure wrong absolutely not so you

have have all of these levels here and

I'm going to leave it up to you to have

a color scheme that you like okay

meaning that you're going to come up

with the scheme because because people

are always like can you show us the

colors that you use for your

candlesticks I get nervous when I see

stuff like that because I know

invariably what that means is there's

somebody that wants to start putting

their charts out like

mine and they want to put my videos and

clips and whatever on their Instagram or

their other social media whatever and

pretend that they did these trades when

I'm recording myself do them and then

they can't show something after the fact

or explain it in hindsight because now

they know that the mo move happened they

can't have their charts look like mine

because they won't match the color so it

it it creates a problem for them and

they're fraud

so I I don't sit down and try to show

you the actual Hue or color of of here u

in in fact this these charts May

actually become a different color in the

back background may change also because

it's starting to bother my eyes and even

with the blue filters that have on it

it's it's still it's a little

irritating but you want to go through

the charts and you want to highlight

these things

and since we have

done this work up here where we had

relative equal highs here in here but

did I teach you

yesterday how do you know it's a high

probability relative equal High

when the right side that is identified

as a

potential turning point for a quote

unquote potential relative equal High

the right one is going to be slightly

lower than the one on the

left we have that here we don't even

need to see this ahead of time we just

need to see okay it ran that and you

might you might identify it after it

does that run there and then you start

seeing it break down see

that at the turning points or potential

turning points like this okay this is

where and I'm going to refer to this in

my book with this lecture here I've

taught and introduced inversion fair

value gaps on Twitter spaces last year

okay all of my PD arrays have an

inversion aspect to them every single

one of them every single one of them can

reverse their role every single one of

them but it's not easy for you and it's

not easy for people that want to try to

teach my stuff for money when you're

actually getting it right from the

source here for free um it's not easy

for them to be able to teach that

because I've never went into great

detail like I will in the books so that

way it kind of like Bridges the Gap and

then you'll see everybody start teaching

it then but this is a note that's real

important for you

okay inversion fair value gaps the

highest form of precision the ones that

are really really trustworthy the ones

that have the highest degree of working

in your favor depends on your

understanding of what I taught you

yesterday and I'm what I'm building on

here whereas we have an area that's

smooth after 7 o'clock so the 7 o'clock

in the morning starts the am session so

now you start hunting on the 15 minute

time frame the 5 minute time frame and

the one minute time frame you're hunting

relativ equal highs and lows to form

after 7:00 well we have that here you

may not have had the experience to

anticipate this run up that's fine you

don't need it you don't need it remember

when I first taught

Breakers I thought that on baby Pips

back in 201

11 I think it was

2011 um if it wasn't it was

2012 the

uh the idea of waiting for a stop

run and then wait for the market to come

back down in to the range prior to all

that run up and then wait for the

bearish breaker in this case the bearish

breaker is this candle and this candle

the most sensitivity is going to come

inside of the most lowest down Clos

candle prior to the run up because you

have a high a low and then you have the

stop hunt and then the

reversal well that's trading with a

breaker inversion fair value gaps if you

have a gap inside the range that creates

the bearish breaker as we have here now

remember what I told you a down closed

candle that is a fair value Gap is a

CBI a up closed candle right here this

is the opposite which is a bissy b i SII

buy side imbalance sell side

inefficiency now this is going to be a

huge step in understanding narrative and

understanding directional bias and also

reversal patterns this fair value Gap

here if you don't understand what you're

looking for and you don't have the

element of time Dave and you trade back

down

into this fair value Gap you might be

led into thinking well wow you know this

is an opportunity for me to take one of

those IC fair value Gap buys and go

long and then it's to your detriment

that it reverses and collapses on

you understanding that it's 7 o' post 7

o'cl we have relative equal highs it

rallies after remember the new week

opening Gap I talked about yesterday

you're going to discover Caleb that your

model is going to be gravitating towards

those new week opening gaps that's your

model you're going to be trading in that

direction but before we get to that you

have to be able to look at small small

small fluctuations around segments of

time time that have we have a repeating

phenomenon that they all look very

similar to one another it's a fractal

okay

um but the fractal element is only

repeating and verifiable on the time

frames I'm teaching you to focus on

right now we're not going anything

higher than the 15-minute time frame but

this bid and balance cell sign

efficiency that fair value Gap is going

to have a roll reversal

where everyone else that thinks they

understand it because they've been

introduced to it

lightly

that is an inversion fair value

Gap so the market creates this fair

value Gap after this run here you don't

want to use that as a Vine we're so

elongated and stretched out from London

and it's past 7 o' in the morning

so now we're in an AM session am session

characteristic is always first and

foremost characteristic is retrade back

into the London range the London range

is whatever the highest high and the

lowest low was between 2 o'clock in the

morning and 5 o'clock in the morning

Eastern Standard Time now I'm going to

slow things down

here because already I already know some

of your your heads are spinning you're

like dude you said this is going to be

easy you're not complicated what I just

said is not

complicated you have to look at these

specific times of the

day so if we're anticipating a rally up

because of these relative equal highs

and it's after 7 o'clock in the morning

and it creates this type of reversal

scenario where it breaks down your eye

should go rate to are we looking for

relative equal highs or relative equal

lows or are we looking for

inefficiencies you have to go with what

the chart's given you you can only trade

with the premise of relative equal lows

or relative equal highs if it's in price

action if it's not there you can't you

can't refer to it so if there's nothing

else in price because we want below

these relative equal lows there what's

left now at this price point right here

if there were not anything else on the

chart yet over here this is the only

chart Candlestick at the time you're

watching it what where does your eye go

well you'll naturally go to

this but my eye jumps to the stop hunt

here

and the breaker and from the breaker to

the High where the stops were taken is

there a fair value gy if there is I'm

going to navigate away from the breaker

and I want to have that premium level

right there I want that that's the one I

want everybody else might be trading

down here and they might get a fill

right there and they won't be

comfortable trading into this High here

or right

there see where it's stopping it's not

random the market breaks down that Q

working off of that inversion Fair Val

you got that drop and it creates this

Gap right there that right

there is The Sweet

Spot when you're bearish and you have

everything behind you that's in Play

It's Your optimal trade entry it's your

model

20122 it's right there and then this

becomes a selling point

and now what do you have at this point

you have this low and this low what time

of day is that 8:00 so the price is

rallying up against the underlying

expected expected move or directional

bias because this move here has caused a

potential

reversal so now you have relative equal

lows here but how far can it go you have

to refer to the range prior to that

reversal pattern that form Med after

relative equal highs have been taken

so let me slow you down because you're

getting a little panicked I'm sure this

is too much information my head spending

ICT all you're doing is you're looking

for areas where they can stop people out

and go the other direction that's

essentially all you're doing and you're

looking for little periods of price

action where obvious highs can be

targeted obvious lows can be targeted

for liquidity purposes and in between

them or if there's nothing new to work

off of then you focus on all of the fair

value gaps the

inefficiencies that means things that

we've been coloring here with the

rectangles okay your eye will jump to

them with experience you'll see them

more the more you do this and because of

that experience Factor you'll learn to

fill throughout some of them because

they've already been used several times

it doesn't mean that they won't be used

again it just means that the ones that

are unfilled or left in a state of

imbalance like this portion of this gray

box here from this candlestick's high to

that candlestick's low there's a little

bit of in efficiency and graphically it

looks like this that's the that's the

remaining portion that's inefficient

that little segment up there it doesn't

mean it need it can or needs to fill it

right now it's just that's the part that

my eye goes to but you still want to

have the low the midpoint which

consequent Cor and the high you want to

have those levels all the time because

they will refer to them if the price is

trading anywhere around this range here

the rest of the day watch and see how it

uses it it will use it again so if you

want to talk about support and

resistance these inefficiencies are the

real support and resistance in price

action you'll see them kiss them turn on

a dime go right to the level stop turn

around the bodies of them stop like it's

it's so precise it goes without question

it's laughable for anyone to say there

isn't an algorithm these price engines

what are they referring to think about

it what are they referring to they have

if it's an algorithm it has to refer to

something it's happened in the past so

what I've done is I've created a

language where you're either going to be

reaching for old highs for the express

purposes of taking out or engaging that

liquidity that would be resting above it

in the form of buy stops or going below

a a low or equal lows for the express

purposes of going down to engage the

cell side or cell

stops outside of that what are we left

with anything that's inefficient in

terms of price action so if we have a

inversion fair value Gap here after

these relative equal highs have been

traded through and it starts to break

down no Panic don't worry about

panicking there's no reason to do

that go into this price run here that's

your that's your breaker where it run

runs up and tags all the stops gets

people stopped out if they were short

they're not allowed to be profitable or

trick them into a long trade and then

when they start raking them across the

colds going lower they're

unprofitable if that's the case your eye

goes into this price run is there a fair

value Gap there if there is extend it

forward and then wait for it to trade up

there don't sell yourself short and only

look for the return to the breaker or

the low point because it's going to

trade R back back up into that and if

you go back and look at your examples

maybe you've taken trades whether it be

live demo whatever or maybe you've done

some annotations and and chart work and

journaling and you were focusing on

studying on the breaker go back and see

if this signature doesn't appear in some

of them and maybe some of the things

that you would have taken as a trade

there or maybe you've taken and got

stopped out this was the factor that you

didn't see happening and notice that

this is the only buy side and balance

sside efficiency and once you have a

valid return here in itself SS off what

you should be focusing on is all of the

cbies all of the cbies until the

narrative is likely to changed bullish

your focus goes to only looking for sell

side imbalances that means a down closed

candle that has a segment with the

previous candle's low and the subsequent

candle after it is has a high that

doesn't connect and the only bridge

between those two points is the down

close candle in between that's your fair

value Gap and it's specifically a cell

sign balance byy sign

efficiency and by having that what that

does it it removes the ambiguity and it

gives you a very specific process of

saying okay I'm only focusing on these

specific fair value gapes I get that

question a lot even with PRI mentorship

students how did I pick that one why did

I pick that one why didn't I pick this

one over here well that that comes with

experience and it may seem like a cop

out to some of you that do this straight

ass hats and you don't really want to

take the the honest truth there's some

things that you're going to have to get

with experience and I don't make any

bones about it I don't sugarcoat it and

you're going to pick it up because

you've been doing it long enough but to

get that experience that's required to

do a lot of things that you're asking

for answers you got to do what I'm

showing you here and you can do it after

the fact you can go back and look at it

and yes you have the added benefit of

hindsight don't don't discourage

yourself in that because anything you

learn everything surgeon that ever did a

surgery on you they studied in a book

they watched other surgeons do it first

then they worked on a cadabra it's a

dead body okay where if they cut some

artery or something they make a mistake

the person's not going to sue them for

malpractice or die on the on the table

they're already dead so they're demo

trading with a with a corpse okay or

their demo surgery with a corpse but

when you start looking for

it there are there's specific fair value

gaps Caleb that I want you to focus on

okay the very first fair value Gap prior

to a stop run always always always have

that one noted and that's why it's

colored red here or pink if you want to

call it that because this is a change in

direction and what this is doing is

acting just like an order Block it's

just change in the state of

delivery oh so I'm incorporating

narrative where the market goes up after

7 o'clock stop hunt change breaks lower

comes right back up into inefficiency

but to a very specific fair value Gap

it's the first one prior to a stop

hunt okay there's going to be lots of

times where this doesn't form and that's

okay if it doesn't form what do you do

throw everything out the window and

start trading supply and demand and

Elliot wave because nothing's going to

work for

you I had to toss that in there I had to

toss that in here because some of you

are falling asleep you're like okay dude

he's throwning on I I don't know what's

going on this fair value got okay if

it's not there then you use the breaker

it's very simple it's the last down

closed candle okay but your stop needs

to be above the highest high of the

consecutive down closed candles because

this is all the bearish breaker both of

these candles here so your stop has to

be above that okay how much two two

ticks maybe one tick main times I've use

this the high because if it's really

good it won't it really won't like to go

back up into the full range of that um

so using the very high of that in in my

case it would be fine not not if you

have this Gap here inside the leg that

has the stop hunt because if you have

that then you you could potentially see

a whole return back up into this and

maybe a little Mohawk a little a little

tiny little Spike above outside with the

wick of the candle but the body be

inside or below that Gap so that's all

part of stop management so I talk to in

there no extra

charge but that changes the state of

delivery meaning that we went up to stop

out and then this is where everything

algor algorithmically changes now we're

going to start going lower it's going to

seek sells side liquidity it's going to

reach for cell side it's going to expand

lower so you want to key off of and look

for turning points or what will be

future entry points for you Caleb for

trades the key off of these sell sign

balances buy side deficiencies

every single Cy every single short-term

high so why do you want a short-term

High noted even if it's a singular one

because there's there's stops above that

okay we already have a relative equal

High here that formed and it caused a

potential reversal that moves lower that

seeks liquidity we had relative equal

lows here it traded down through that

and then we have all this business in

here

we swept below that here actually it's

kind of sloppy isn't it it's 940 well

whatever you know you're not paying for

it I'm giving you something extra I want

it to be done sooner my wife's probably

thinking every time he says he's going

to be this much time it's invariably

going to happen if I say it's going to

be a little one it's going to be a long

one but I really can't do a two-hour one

today so um we'll probably end up doing

a two- hour

one this guy's bipolar and he says one

thing in the next minute he changes his

mind it's that's what like being in my

mind it's a beautiful place so every

cell side in Balance every cell side in

Balance don't see anyone of in here yeah

notice how this one here what is this

one what's this what's this fair value

got by classification and name what

would you call that

one it's a b side and balance efficiency

okay I'm not looking at that one I won't

highlight that one I won't extend it for

because it's it's against it's against

the underlying Direction and the state

of delivery which is it wants to go

lower so if it wants to go lower I'm not

interested in this unless it shows me

that it wants to reverse and it's done

something very violent down here like it

it could do it here I'm not saying it

will but if it did something violent and

started the reverse then I would draw my

attention to this one because then I can

act on that as an inversion fair value

Gap because it would reverse its role

but right now when the narrative is in

in motion every cell side and balance bu

side and efficiency I'm referring to I'm

not always drawing them out on the chart

because as you'll see

it's it can be rather

uh busy on your charts and I like to

keep things naked but not

afraid you see it trading up into the

consequent encouragement of that one so

when when you're trading or not sorry

when you're observing price action

you're spending your time not pushing a

button trying to trade you're not trying

to convince people in in live chats in

their chat window you're not trying to

tell influencers what you think's going

to happen because you're going to wait

for a high five like yeah bro or yeah

sister you know none of that stuff

you're you're in your own little bubble

every single day and you're looking for

these things to unfold now

if you recall I mentioned yesterday

let's do that right Michael come

on at 8 o'clock is the same thing

there's another point of confusion I

want to

clarify I talked about the first 30

minutes after 7 o'clock and after 8 o00

and after 9 o'clock that is

your pression range okay it

is 30 minutes of you

expecting something

opposite so in other words if you see

relative equal

highs what would you expect after

8:00 you would expect a low or a price

run lower what is that by definition

opposing directional run that's against

where you think it's directly going to

go that's a Judah swing that's

manipulation it's something that goes

against the grain of

what you're expect not what everybody

else on the internet's doing but what

you're expecting okay um if you look

around yesterday everybody's titles on

YouTube had stock market crash and I was

in here telling you it's going to go

up was that

random no because everybody had the same

idea and I sat down with you explained

to you this is what it's going to do and

we wait for it to present itself and

then we put in motion a plan of where

the next foothold or the next grab point

like rock climbing okay a rock climber

looks at the surface of the of the cliff

that it's trying to climb and he looks

or she looks and tries to map out a

pathway okay I am not going to just

reach up for this grab Point here with

my hand and pull myself up a little bit

and then guess where the next handhole

is going to be they try to map out

because they don't want to get to a

point climbing up using all that energy

and then find out they're really not in

a position to grab on to something

that's more efficient for the client to

go back up well in this case we have a

descent even though they were not trying

to trade relative equal highs and lows

prior to 7 o'clock in the morning if

this does this and it starts to move

lower you have to incorporate the range

what range is that the low that was

formed prior to it crossing the

threshold of 7 o'clock in the morning so

we have all this run here so every

single one of these inefficiencies over

here

here here here even though it's been

used already you extend them in time and

they will be places for you to

anticipate price going up to and pushing

into it and then resisting and going

lower as it works and gravitates to that

low right there as I was hinting at

earlier but the range okay the the

pression or pre-market range after the

top of the hour whether it be 7 o'clock

8:00 or

9:00 these are your three Windows of

opportunity so right away we can study

and see okay there was really nothing in

here except for these

two right here these little small little

ones so what did it do it rallied up

where it go to some random level nobody

could have known that it was going to go

to that level but now you do you have a

stop hunt the market broke down so this

is a shift in Market structure okay and

this is a optimal trade entry even if

you didn't have all the stuff I'm

teaching you here and amplifying it you

already know this this was the flagship

pattern of my channel since 12 uh 2012

the optimal trade entry a shift in

Market structure measure your high to

your low 60 to

72%

retracement 62 to 72% retracement level

and

the 70.5 level

see this is this is one of those moments

where I would hit control and tap M and

I would have to go back and listen to

the audio audio and edit and fix that

part but it's live so I have to have to

keep going my OCD is is tapping me on

the shoulder but this is still a pattern

that you would have traded anyway with

using the rudimentary level uh lessons

that I taught over a decade ago for free

on this YouTube channel but now you're

learning the signatures that present a

greater degree of precision and managing

your expectations in the

narrative how are you going to

incorporate all these things and Trust

holding onto a

trade so now we're going to go

into we have a

uh hang on I got distracted

here I have headphones on so when I was

listening to a phone that's on do not

disturb I was still getting a um a flash

on the screen and I looked that I made a

mistake to looking at I break my

concentration but the each hour at 7

o'clock in this case 8 o00 and at 9 o'

what you're doing is you're starting the

whole process all over again you're

waiting for relative equal highs to form

or identifying relative equal lows at

8:00 you can look prior to 8:00 you just

can't look prior to 7:00 relative equal

your

because you're trying to work inside the

range of the morning session okay the

morning session is essentially 7 o'clock

till 11 o'clock in the morning

technically until noon but 11 o'clock

for me I like to like to be done by then

frankly I like to be done by 10:15 10:30

you know if I can get something on and

and be paid out I'm done I don't I don't

need to do anything else you may not

like that you might want to be for the

whole day not me uh I don't want want to

be in front of the charts I don't like

to be chained in front of the charts but

once you have a turn in a direction like

this and the Market's likely to draw

lower you'll see that by focusing on

only one side of the marketplace with

the inefficiencies as we have here it's

moving lower so every cby is extended to

the right okay if you remember on

Twitter I would tell you note a specific

fair value guy and I'd say extend it to

the right that that this that's me doing

this here okay

and you know whenever you see the market

trade you know through them a little bit

you'll see a troll or someone that has

no idea what the hell's going on they'll

say oh yeah he thought it was going to

sell that's not that's not what we're

doing here you're you're going to wait

for it to cover over top of it and then

break back down through it and then it

will act as what you expect it to do

many of you when you see me talk about

inefficiencies fair value Gap cies

busies all that business um you

anticipate that oh it's a matter of just

going up once it gets into here all you

got to do is sell short right

there that's not it folks you you have

to anticipate a measure of manipulation

what was the price doing here I told you

it was getting kind of sloppy we had

this inefficiency yeah but what else is

there what else is there you have this

energetic drop that created that Cy and

there's going to be what trail there for

anyone that's short they're going to put

their stop loss right there well that

efficiently

done been removed with this bump here

back into an old

Cy and then you have a market break down

look at the work around the halfway

point which is consequent

encroachment the market drops opens

again here breaks lower we have an

inefficiency the bodies are telling you

yes this is going to go lower why

because it stopped right there see that

the Wicks are allowed to do what a

little bit of damage is it going to

random locations no it just bumps the

bottom of that Cy over

there right there and then Works

lower

now at 9:00 the same thing you can look

at any relative equal high or low prior

to 8:00 up to 7

o' if you're going to be trading with

long longer term price runs for the

folks that are asking me how do you hold

on for longer trades in that case you're

going to have to look at the previous

day's range and what is the previous

day's low or if it's if it's going

higher what's the previous day's high

and that's your next logical level to to

reach for but I don't want to give Caleb

anything beyond the scope of what I

already covered because it's giving him

way too many things to worry about and

if you're brand new you're probably

feeling that too but in short what

you're doing is is at 7:00 that starts

the hunt for relative equal highs or

lows if you see a disruption like we

were talking about yesterday where it's

Jagged you see how it's nice and

Jagged that's that's indicating it's

probably going to go the opposite

direction especially if you have all

these other supporting factors where

that would have been a breaker this is

obviously a high probability inversion

fair value Gap and it hits it here

respects consequent encouragement breaks

down and then we have another return in

here here's optimal Trend entry as well

and everything is your your mindset is

okay I'm looking for lower I'm looking

for lower I'm looking for lower and it

breaks lower and then you highlight

every single time it creates an

inefficiency where it's a big candle

that doesn't have any overlapping with

the candle prior to it form or the

candle after it so it creates that

inefficiency that

imbalance and then when we have these

long protracted consolidations like that

it's really better for you to sit still

let them do whatever they're going to do

why what do we have there what did I say

yesterday we have relative equal highs

and we have relative equal lows you're

you're going to be playing the Breakout

game and I'm not a breakout artist I'm

not trying to guess I want to see what

the Market's going to do so by this run

up it can trade into any one of these

fair value gaps in

here if does and does it fall out of bed

yep so what I would require and you've

heard me say well not technically you

heard me um you'll see in Old tweets

where I'll say we want to see this fair

value Gap act as an inversion fair value

Gap well that means it it ran above it

it's got to go below it and then do this

right there that function of

redelivering to it then a deeper

protraction

lower to upset any liquidity that would

be resting below here as much as and to

the degree of reaching down into that

low over there because that's the low in

London you see that

so when you have your charts Caleb um

what I'm I'm only interested in seeing

anything before 7 o'clock if the range

of the morning session trades to the

London session low or the London session

High other than that I don't want to see

anything on your charts Beyond

this okay that's it so all your charts

are going to have about uh six o'clock

or so just to get a little taste of what

London was doing and then everything

else in your charts need to be very very

simple but I want 9:00 delineated 8:00

delineated and 7:00 delated and any

formation of relative equal highs or

lows I want you annotate them okay and

the way I want you to annotate them is

don't use this don't do

this okay I want you to

draw hold down shift as you drag it over

it'll keep it

straight and I want you to annotate it

that and choose whatever color you want

it doesn't matter don't just cuz Dad's

using this color I'm just stick to this

card right now cuz it's saving me some

time may not feel like it because

I'm taking more time than some of you

guys are wanting me to spend doing

it all right and that's the relative

equal lows and the relative equal highs

I said yesterday when you have both of

them you wait you wait for them to take

one side out what does it do it runs

higher so what's it going to attack now

that one and it runs down below it okay

so as it is right now if there was any

trade taken or no trade taken at all you

would do nothing because it's already

done a whole lot of movement and it's

back in an area where I wouldn't want to

see it as a trade back in this Cy again

because we've already done once twice

overlapped it respected it and now we're

back inside of it again that is low

probability and it could fall out of bed

and crash a, points it still wouldn't be

a trade I took cuz it's against the

rules of me wanting to use it it's it's

been overlapped and worked multiple

times and it's done

enough so your day would be complete

here and you would

capture everything just like this and

then you would annotate it like this

would be U an area where you could

highlight or type out any observations

or what you felt about this movement

here in this little area here you would

in text so you would just take the text

and say something like this like

um okay and just simple little

statements like this and what you're

you're doing is is you're highlighting

your

focus here and

here and

here and up here in this segment you can

do something like um I i' like how it

reacted off that inversion fair value

guy so what you're doing is your cherry

picking points of reference for your

journal and when you see the chart

again the next day like tomorrow when

you sit down you look at Price action

you refer to what it did

yesterday and these levels will be

subconsciously retained as significant

and it'll reinforce it subconsciously as

a memory worth holding on to and then

when the weekend comes and you go back

through your journal and your charts and

you have these little

annotations what that will do is you'll

read this comment says I like the

obvious return of

price and don't have any typos like

this that

still don't right I like the obvious

return of price that the

[Music]

cities there we

go getting old folks getting old one of

those Biden moments

what did you say you Republican son

here's one I'm probably going to

vote this year I'm probably going to

vote for the first time and you should

vote too but I'm not going to say who

I'm voting for because then you

probably be really hating me but I'll

tell you any haris

so oh man I'm such a troublemaker so you

annotate your charts that way you have

something that when you refer to on the

weekend it is a positive reference you

do nothing negative you say nothing

negative you criticize nothing

negatively and you draw out the things

that are useful information okay and

when you do that and you look at it on

the on the weekend as a reflection

you're never looking at things through

the lens of regret you notice that and

what does that do it manages your fear

and

greed it manages regret if you missed a

move you've fed what you're focusing on

so when you look at an Old Chart you're

not looking at man I could have went

short here or I could have went short

here and held for all this mve down here

that's what everybody does wrong and I

tortured myself as a 20-year-old doing

that I literally whooped my ass every

day in a journal telling myself

everything I did wrong and then wondered

why it took six years for me to get it

figured out that I was doing this to

myself like I was doing all those things

holding myself back but I thought well

I'm going to be hard on myself because

that's that's what I need to do and that

that was actually detrimental to my

development and my understanding about

how I see things in price and how I'm

going to interact and how I'm going to

treat myself after the fact whether I

took a trade or didn't take a trade

whether I had a win I had a loss I had a

win then lost money like all those

things you have no idea what you're

going to do when you go through those

experiences and until you develop skill

sets to manage your emotions and your

expectations and you do that with your

journal with role-based

ideas okay until you appreciate the

level of responsibility that this puts

on you you won't understand it it's easy

to say well I'm going to trade I'm just

going to go and start pushing

buttons well okay you people go to the

casinos all the time and they go home

pissed off they took too much money and

they didn't they didn't leave or they

should have stayed home because they

wasted their money and you can waste

your money looking at these candlesticks

and telling yourself a story that ain't

there so you have to have an expectation

on price at a time of day in this case

you have three specific times of the

day and the first 30 minutes at 7

o'clock after 8:00 and after 9:00 if

there is relative equal highs or

relative equal

lows below the marketplace then you want

to see a move the first 30 minutes go in

the opposite direction of

if there's relative equal highs that

form after 7:00 after 8:00 and after 9

o'cl that first 30 minutes you want to

see the market

drop you want to see a measure of

manipulation it doesn't have to only be

in that first 30 minutes but in my mind

I'm thinking I want to see that and if I

got that and it was given to me in

delivery price then my interest in this

move is even more people

I'm really interested in

it if it doesn't do it I'll wait for

more information because it might have a

deeper retracement than I would have

expected initially and then I'll wait

for a breakdown and then having all

these inefficiencies extended over the

market will refer back to them and then

all I have to do is wait for a bus to

get there and then ride that thing down

to Southern town and that's it and be

content with it okay so um

another um suggest

and this is something you'll learn more

about Caleb but for now I want you to

start measuring all the price swings

that form in other words if it's if it's

moved lower this is something you do

after the fact okay don't try to do this

while it's happening but after the fact

okay and it'll teach you range finding

how like how far prices can run you're

going to take the

FIB and your high here you're going to

take that and anchor it to the low

lowest low at

7:00 and this is what my Fibonacci

settings are so that way if you've never

seen them you can see them

now and then you have two and a

half all right so

two which

is one standard deviation would be about

right here and then two standard

deviations and then you got two and a

half which is usually like the extreme

for like the wick purposes where it can

just just get outside the range of what

you'd reasonbly expect and that's kind

of like a ballpark figure same thing

happening on the 8:00 hour you're going

to take the

Fib from the high to the lowest low at

8:00 all right so we have almost all the

lows in here and then we have the

Fibonacci at 9:00 so the high the

highest high 9:00 that form that far

that's far and the lowest

low up to

9:00 and I have to go to standard

deviation one it looks

okay so we

have this area in

here this area in here look how close in

proximity that is and then you have this

one here starting at 7 o' so these are

all parameters without using like a

thing like um average daily range we

don't need to use anything like that

these are all ballpark estimates where

it gives you a feel for how far it can

reach

mathematically by itself that's

absolutely useless information useless

but when you incorporate it with real

range like when have over here so we

have below this low that's definitely

something that's possible and if it

really wants to be animated and go below

that low it can go as far as this level

down here and it got real close to it

but fell short of it and that's

fine which is one of the arguments when

we start doing um entries when I start

teaching you how to actually get into

the trades and what you're you know what

you're holding for the

targets what you're holding for and what

it's likely to give you in terms of a a

profit or Target

how to say okay this is how far it can

go but where's the highest degree of

probability where even if it doesn't go

to that specific XYZ Target and that's

the perfect case exit point where am I

going to come to the conclusion that

this is appropriate level for me to

escape the trade and be content with

that even if it moves Beyond it and see

if it still goes 200 handles past where

I'll get out I don't care because this

was such a lined portion of the move I'm

content with that these are type these

are types of strategies I use okay I

look for the the the expansion below the

underlying Market structure and I

reference it with those specific

elements of time and I don't demand that

they give the highest high and the

lowest low I'm looking for a convergence

of these levels in agreement with an

actual old low or an old high doesn't

need to be relative equal highs or

relative equal lows it's just it's

reaching for another uh a pool of

liquidity but for this model that you're

learning you're looking for relative

equal highs to form after 7:00 or

relative equal lows and you're going to

look them the Target that very draw on

liquidity and then as it goes to the

next hour if you don't have one or it

worked off of one already as it did here

at 8:00 you wait for it

again and you

measure that directional bias where it's

likely to go and if it is likely to go

lower your focus your eye this is the

thing you're supposed to walk away with

in terms of the learning today your eye

jumps to all the sell-side and balance

buy side and efficiencies that means the

down close Big Range candles they're all

by themselves that I'm highlighting on

your eye jumps to those okay so when

you're going back and you look at last

week's charts and you do this every

single day of the week Monday Tuesday

Wednesday Thursday and Friday and we sit

down on the weekend and we look at this

week and you'll have last week so you're

going to show me 10 charts or 10 days of

data

but all of this needs to be shown at the

very lowest one minute

chart but referring to things on a 50 m

chart if it's Salient if it has some

relevance to what you're looking for

based on the rules I'm giving here but

all you're doing is limiting your focus

and highlighting okay it's likely to go

lower and reach for relative equal lows

or it's reaching higher for relative

equal highs once you determine that you

stick with it even if it turns against

you this is the part that some of you

going to be uncomfortable hearing

because you think it's going to work out

perfectly for you and is going to keep

moving and you'll want to go do demo

trades or pass funded account challenges

or trade with real money because you

think you've learned it already that's a

mistake that's foolishness don't do that

what you're doing is is you're sticking

with an idea in a process

and my best model isn't

100% my best model model is not 100% so

I have to build in what I have to afford

myself the flexibility that I'm going to

do it wrong I'm going to be overzealous

because if I've allowed social media

other people to be against my idea the

more folks that are like that I get

really excited about that that's when I

do get excited because I know I'm a a

minority in a move in the marketplace

that I know has a huge degree of

probability

and then I you know I many times well

I'll try to outtrade my my methodology

and anticipate the setup which is why I

stress to you don't don't try to

anticipate a setup wait for it to be

there because if it's really there

you'll see

it and contrast that with well you know

I think it's going to go up I just want

to hurry up and get in here because I'm

afraid it might run off without me and I

don't want to wait for the setup and

then you get in then it starts squeezing

against you maybe even trading back to a

level you thought was going to be the

entry for you but now because you

entered at a higher uh level it's

drawing money out of your account and

you're worried about that not well it

was originally going to go to that level

and get me in but then you get out or

you put a stop loss in there too quick

because you don't want to lose too much

money even though that subconsciously

you know you should have never took that

trade okay all those things are managed

and prevented by doing what I'm telling

you to do here don't worry about trading

right now don't worry about entering

anything you need to be focusing on what

is important in the marketplace right

now so if the Market's going to

gravitate lower your eye jumps to only

cbies if you start seeing these cbies

that's these down close big large range

candles you have one here you see

that and then I'm going to close it

we've had enough time today and

uh okay we have the market trade up here

the bodies are pretty much respecting

the this inefficiency the Wicks go back

to this city that acts as an inversion

fair value Gap and then we have this

nice launch

lower disrupting all these relative

equal lows here we expand down through

it and then we trade back up to it and

it breaks lower and then what does it do

here it disregards

it so now something has happened down

here so when you're looking at it spread

out like it it doesn't look so obvious

but when you do something like

this take a step back

this is something I learned from Larry

Williams if if you feel like you're

losing

touch zoom out or go to a higher time

frame and step back away from your

charts look at it from across the room

and you'll see that this looks very

Jagged but when you're zoomed in real

tight it doesn't look

Jagged but this is a disruption in as I

mentioned earlier this morning before it

went below here this would be a

potential area to look for it to to draw

Down based B on any assumptions of this

being a reversal pattern as I outlined

with the breaker in an inversion fair

value G but this right here is made

Jagged smooth made Jagged so what would

we do we look for buy side buy side

would be this high and this high in here

trades above it we don't really have a

high to work off here because this is

the highest one and goes down as we go

over here so it's this High here so this

is in a potential run on this High here

and that's something you can watch today

the rest of the day and study that and

then once it does it if it does it at

all you go back through the price action

and you study what was

there and you pull out the points that

you understand about what it is I teach

Breakers fair value gaps institutional

orderflow entry drills inversion fair

value gaps U mitigation

blocks and the whole the whole thing

everything that that you understand

about it and when you do that and you're

identifying every single one of them you

can see in hindsight what will happen is

is because you're collecting these

screenshots and you're you're you're

expressing your observations in your

journal what will happen is your eye

will start resonating with one

particular entry model what is an entry

model if you think the price is going to

lower what is the Catalyst that puts you

in your trade that's your multiplier

that's the thing you're betting on

panning out and based on where you're

trying to get in at versus where the

stop loss should be relative to that

trade idea you're trying to make a

multiple greater than one okay of

whatever you're risking and it need not

be ex exorbitant you don't need to have

two: one you don't need to have 3 to one

you don't need to have four to one you

don't have five to one you just need to

be able to see and anticipate

fluctuations in price that are

reasonable

and it gives you something to study

because the first lesson you need to

know is how you're going to interact

with that soon as it starts moving and

it starts being quick about it even if

it only moves 10 handles you're going to

have a surge of adrenaline and you're

not even in a real trade it's a demo

trade but because you're seeing

something that you anticipated and

starts to run in your favor that sense

of accomplishment and satisfaction is

very very addictive which is the reason

why you go in and you pushing another

Buton on the demo I'm going to do

another trade that felt good let me do

it again let me do it again like someone

scratching your back okay or doing

something else for you you don't want to

find your Happy Endings by over trading

that that's not good okay uh your happy

ending comes by doing very little and

being content with that that's the

secret sauce in trading doing very

little and being content with it

everybody else everybody else and I was

like this before

too you you get a win or you make money

or do something right and that sense of

accomplishment nobody else feels it

because it's it's in your skin that

you're experiencing it and showing

somebody a chart or showing someone the

the move even if you recorded it sure

other Traders can look at that nod and

think yeah that was pretty good that

even if they told you you're the goat it

still isn't going to satisfy you because

you want them to feel that Elation that

orgasmic experience that you felt

because you saw it coming you executed

on it and then it panned out in your

favor and it delivered

with Fierce momentum like it was real

quick and sudden it was immediate

response like it listened to you that's

what it feels like it listened to you

like you had it on a leash you need to

quell that okay you need to quell that

because nobody else is going to feel it

like you want them to and you're going

to be in a Pursuit that always seeks

outward

confirmation and by you doing everything

in your journal and you being an island

unto yourself that means everything you

do you're in charge of this Corporation

this Enterprise that you're creating

you're the CEO you're the CFO you're the

employee you're you're the gender you

got to take the trash out you see it and

sometimes it's going to stink you got to

clean the

toilets you made that mess so it goes

without saying that you should be

focused on trying to keep everything

positive filtering out

negativity and also managing your

exuberance because you don't want it to

be a sugar high all the time because

just like fear can paralyze you and

Cloud your mind when you think you can't

do anything

wrong that's usually when you are going

to fail your worst you like it says in

the Bible it says you know Pride go

before the fall you don't want to be so

high and lofty about yourself in terms

of your thoughts about yourself or your

ability or your

prowess at any time no matter if you

been doing it for 30 plus years or if

you just discover your own routine and

then now it's feels like a model that

you can trust you have to really keep

yourself protected from becoming

emotionally stimulated by your ability

and it needs to be boring it needs to be

monotonous it needs to be like a

business

yeah sure I'm going to do all this stuff

and that might yield me x amount of

dollars if I do it correctly but you're

not focused on that because in the

beginning stages you want this to be so

routine and so dry and boring you can't

be emotional about it it's just making

money or managing losses that's it you

have to reduce it to that and that's

what a business does they're they're not

in the business of worrying about if

they're still going to be in business

they're not doing that they made money

with a business model and they stick to

it and what you're doing with this is

you're starting your own business model

Caleb you have to think about it like

that and everybody that you allow to

influence you or have an interaction

with you they're all going to tell you

something that is ass

backwards you know who I am you see what

I do you see how we lived you know

everything I'm your

dad everybody else's opinion and the

horeshit head up their ass perspective

everybody else is talking from ignorance

okay you see this you've watched it and

you were trying to get serious about it

you want to learn how to do it correctly

like I promised you you cannot go

quickly through this and it's going to

seem boring it's going to feel like I

don't want to do this part I just want

to get in there and push a button if I'm

right I'm right if I'm wrong I'm wrong

that's what a man thinks that's the bar

that's a barbarian or Gladiator

perspective

I need to learn by losing real money or

trading with real money no you don't you

stupid

that's an asshole's perspective

that's somebody that's a

idiot that's someone that's

clueless and I promise you I promise you

they are not making money and I'm

talking about living on your ass doing

whatever the you want to do kind of

money that's a mentorship that doesn't

know shit's mentality I had to learn how

to trade with real money even if it's a

small account that's

that's

and many times it's coming from

the mouths of people that don't prove

they can do anything they don't even go

out there and call it before it happens

let alone trade it with real

money so you have to guard your your

mind from all these other people because

these people they want to they're going

to want to use you as a way of finding

significance in themselves I had to tell

Cody I had to tell Cameron I had to tell

Caleb I had to tell his youngest

son what to do I had to coach him

because ICT his dad was telling him

wrong I had to put him on point all of

you out there are just wanting

to have that opportunity to say

something to him like you somehow fixed

him or you gave him this little Edge and

you you all know you know nothing

you absolutely know nothing

you have no accolades but you want to

feel significant because you want to

feel like you did something you made an

installment in ict's son and that's what

you have to guard yourself from on an

individual basis because soon as you say

you're trying to study what I teach

everybody's going to come at you and

tell you why you shouldn't do it or it's

a complicated

thing no it's

work it's not an indicator push a button

when it tells you here it's a buy or

sell when you don't know what the the

hell that was all about what's the logic

behind

that nobody will tell you because to do

that they're giving you do a proprietary

information that creates that blackbox

scenario where it's a flashing Lux algo

that does this and does that what's the

what's the meth methodology behind it

and you're going to trust that versus

what your own experience doing something

based on time an experience and seeing

the fruits of it the next four weeks or

so you have an experience ment it's very

easy and you'll never have to waste any

more time ever if it doesn't make sense

to you if you can't see it don't ever

expect to learn from me don't ever watch

my videos and just for you Caleb just

expect that you're going to work the

rest of your life because this is as

simple as it

gets that's it it's either going to go

up or it's going to go down why would it

go up it's going to go towards relative

equal highs or it's going to down to

relative equal

lows and if they're not obvious in the

chart what do you do well you force a

trade that's what you do if you can

afford 10 contracts or 15 contracts you

do as much as you

can no you don't do anything you sit on

your hands turn the charts off and say

okay this is not obvious today it's not

obvious if it's not obvious why are you

risking

money casinos operate on the basis of

it's obvious that people are going to

come there with money it's obvious that

this the odds are stacked in their favor

it's obvious that people will not quit

when they're up when they're in profit

they will not stop trading or sorry they

will not they will not stop betting or

gambling because the bug bit them oh man

I'm up $5,000 I only came here with 250

bucks gertude

hey we're going to have a Stak dinner

tonight but I'm coming back down

afterwards I feel like I'm going to make

a real big run yeah you're going to run

run home broke but you had a

good steak

dinner if I would have just stopped

right here it's the same

thing you have to know when the odds are

in your favor and when it's so obvious

it's so

easy that's what I'm pointing out this

stuff and I'm telling people look at

this look at that look at this I'm not

every single day in tanja's live stream

or in uh trades by mat I'm listening to

both of them it's it's like background

noise until I hear something that's

either funny or something that gets my

attention or whatever or if I'm waiting

for a specific trade setup I'll go to

their chat and I'll see if they're in

love with something that's opposed to

what I'm doing and then I'll use them as

sentiment not them particular particular

the the you the live streamers but Their

audience that they allow for their open

discussion of what they think is going

to happen and the more cheerleading they

think or the more backbiting they think

for someone else that has an opinion

that may be similar to mine I am much

more emboldened by my trade idea because

of that very thing and I don't mean that

to be disrespectful but I've I've taught

this openly you know I use social media

as a sentiment gauge and if I have a

trade idea or I I expect the market to

draw to a specific level

and the general public that doesn't

think like I

teach they if they're diametrically

opposed to that to me I like that's the

shest thing there is like I have no I

have no doubts that it's going to pan

out then and then what do I do I share

it publicly I'll go into their chat and

I'll say look at this or note this and

then all of a sudden the people are like

oh look it's ICT he's here and then the

people that are not looking at me like a

celebrity and they're like okay he this

cosigned let's watch and see if it goes

there and they're like damn he just did

it again they're they mind they they got

the they understand the the the plan

they understood the

assignment oh ICT just tipped his hand

this is where it's going

guys but everybody else is talking to me

like hey ICT how you doing hey ICT how

you feeling how hey ICT how you doing on

the robins cup hey ICT remember that guy

that said this about you blah blah blah

we saw some really interesting things

about

him all that stuff is not minding your

own business

all that chat that chatter that's all

wasted time I'm not reading everybody's

comment I don't have time for that I'm

looking for key

words if I'm bearish I want people to

talk about being bullish I'm going long

or I'm long this man I love that I love

that but if I have a trade idea that I'm

not all that terribly excited about

where I think it's it's still in the

early stages of

developing and I see so much chatter

that's very similar to what I'm

expecting I'm not taking that

trade what yeah I'm not taking that

trade because if the street money is in

alignment with what I'm thinking and

it's already a lukew idea

anyway H uh I'm going to side on the

fact that I'm probably

wrong I'll just stand out and there's a

few times and there not many but it's a

few times where I stayed out because of

that and it ran without

and that's okay I can sleep good with

that what I don't like is if I use them

as opposing sentiment and it's not just

these two live streamers don't think I'm

ganging up on them I have respect for

both of them I've pushed both their

channels I think they have The Moxy to

stand out there in front of people they

push the button in front of people they

tell you what their opinions are um you

know

it's to me it's incredible to do because

I I personally would not do that

I I I wouldn't do it frankly none of you

deserve it two I it's just not in my

character to do it because I I will

think about if I'm wrong say I'm wrong

on this trade I knew people were putting

money behind it and if I lose they lost

and I'm going to worry about their money

not mine who's in charge of the

trade my emotions so I I can't I I can't

function that way it's not that I can't

trade it's is I can't trade with that

type of pressure where if I'm wrong and

I can take that loss you might not be in

a situation where you can and you

probably overleveraged your funded

account hoping to get your thing passed

in one day because I took a trade that

made made it public so I worry about

those types of things I I I don't want

that problem of having to worry about

when I put a trade on I don't care it's

either going to work or it's not and I'm

I'm devoid of any emotion about it but

if I have other people that can Co you

know Co tail I don't want that because

it it it becomes a burdensome thing for

me so I I say that because I I know

Caleb wants to potentially grow a

channel into something like what I've

done with mine and I'm not trying to

talk him out of that but I did very very

vocally tell him that you you have to be

content with

enough you know if if he gets his rent

paid or half his rent paid with whatever

the channel does while he's learning

that's a huge advantage and that's going

to be an encouragement for FR his study

more to get good at doing this better

and eventually replacing his income at

his job because that's the that's the

main goal right now is to match what he

earns at his job and then the next goal

is to double that and then after he can

double that consistently then he has to

do two years of saving with whatever he

earns on the channel and what he earns

in trading and what he can save at his

job once he has two years of that salary

then he has my blessing that he can quit

his job but prior to that that he can't

there's no discussion and if he tries to

do it sooner than that I'm not going to

help him because it's

irresponsible you you're setting

yourself up for failure if you do it any

other way and there's nothing different

from what I just said from what I've

said in the past about when you want to

quit and trade

full-time Because unless you have two

years of salary and you've had

consistently being able to double your

income with your

trades you have no business thinking

about quitting your job and I know a lot

of people want to do that because you

know that's the life but you don't

realize when you quit your job you've

made trading

harder you've made it harder because now

you have to eat on your

results and that my friends is very very

difficult unless you know exactly what

you're doing that means knowing when not

to do something and when to do it and

when to push it real hard

because that circumstance that

environment you're inside of right now

it it

really ripe to really be milked and just

take it to the

limits but sometimes when we're brand

new and we're overzealous about getting

in there just to make money you think

that social media influencers and I'm

guilty of this because I can talk

somebody into doing something very

easily because of the hype that I place

around the things that I promote all my

stuff is badass like it's it's top

tier stuff there's nothing like it

and when you see it being implemented

and explained and it happens it doesn't

do anything except for get you like

hopped up on goofballs you really want

to run through a wall you're like I'm

ready to do this right now I ain't got

time for this IC I need to make my bread

right now so the next live stream

whatever you say is going to happen next

time I'm putting money on that one and

if you do that you're an

idiot because you're going to feel

emotions physical stimuli in your body

you're going to feel

adrenaline and that's going to increase

your heart rate and then you're going

start feeling that rush and then you

might think about oh man my hands are

tingling I feel a little excited I feel

like I'm seeing stars and that's

cortisol and that's the stress hormone

which literally will tear you down you

keep doing that and then you're going to

start worrying about what you feel like

versus what's the price action doing

right

now and then I got to walk away from the

charts I gotta I got to just take a walk

real quick if you smoke which you

shouldn't do I got to go get a smoke I

got

my uh vape and stick the in my head

and puff on

that are you in control of yourself

no are you in control of your trade no

are you managing everything soberly

no but you're trying to make

money and it's all the wrong way that's

all the wrong

way when you feel like you have lost the

plot and or you can't see it son

don't feel obligated to tell me what you

think's going to happen be comfortable

saying I don't know today or right now I

don't

know and there's nothing to be ashamed

of in that I be more proud of seeing you

do that than trying to tell me when I

know with experience this is dog

it's not going to do anything it's it's

just going to be a mess it's going to be

unorganized and it's going to do a whole

lot of unfulfilled delivery of price

that means it's just chopping around and

moving around without any real Rhyme or

Reason because it can stay in a Range a

defined range and do nothing extra

outside of that and I don't want to be

involved in a an opportunity like that I

want to have where it's easy to run to a

range

low what range is that well it could be

the range of the 7:00 to 8:00 hour it

could be the range of whatever the

highest high the lowest low since 9:00

or at the opening at

9:30 all these ranges have the potential

for you to have your own unique model

and once it trades to them you get out

you're not trying to get 100 handles

every day but some of you think that's

what you should be doing I got to make

200 handles a week or I'm not killing it

really I have students that have one

contract trades they never do more than

one contract and they're doing $20,000 a

month

month after month after month after

month and they still keep their job they

still have their insurance they're not

trying to impress me with I'm trading

two contracts now they're like I don't

need to change anything this is

good you know what that is that's

maturity and I love that I love

that because that's someone that

listened that's someone that did the

person

inventory on how they interact how do

they engage price action how do they

work within the con straints of being in

a state of not knowing for sure what's

going to happen managing themselves

following the processes and protocols

and just submitting them themselves to

the process and being content with

enough 20 grand a month do you earn that

at your

job chances are no you

don't I promise you most Trading

influencers on social media don't make

that in their

[Music]

trades and I'm certain she could do a

whole lot more oh I shouldn't have said

that well they can do a whole lot more

than

that I'm convinced that they could

because they only take one setup a day

they have a a one trick pony mindset

they're not trying to bring every ICT

Bell and whistle into the uh the

conversation they wait for for one

simple little thing and when it happens

they take the trade they have their stop

loss it's reasonable all the time and

then bang once it's trades to a high or

a low that they know liquidity is

resting at they're done for the day and

it doesn't matter to them when it has

these big range

days how about having something like

that as a mindset initially not that you

have to aim for $2,000 or you're not

successful if you just make one quarter

of your income a week and you lose four

times out of five trades but you were

still able to net that is that is that

failure some of you on social media

would see that that's that's failure

it's

not when you are brand new you better

expect to have those types of results as

a first rung objective or goal because

you're going to flounder in the

beginning you're going to feel like you

don't have what it

takes and you're going to look at days

where it's challenging technically you

know there's days where the market may

appear it's going to do so so obvious

it's going to go here or go there and

I'll get tripped up in that I'm human I

might come into it with a case of the

ass I'm mad about something to happen a

guy cut me off the other day on the road

and I'm still pissed off about

it you know I'm trying to exact revenge

on this guy I'll show him he doesn't

even think about me now and that's what

we do as humans we bring in all of our

mental baggage and we want to have a

Triumph that reminds us that we're we're

more than what everybody else thinks of

us or what we think of ourselves the

day what do you think it's doing

here just like we had over here we had a

disruption we have a disruption down

here so where is their relative equal

highs

here and

here so what are we looking for we want

to see if it can muster the ability to

to poke its head above high the day

over

here I hate when it does that always

jumps last second I got to adjust

it so we have inefficiency here this

could be an immediate rebalance

immediate rebalance is when you have a

extended range or candle that goes up

and then it drops back down and just

touch is the candle high and then starts

to run to an objective or liquidity or

an efficiency something like that we we

as we also have this fair value Gap here

in this case I'd like to see this fair

value Gap stay open not traded entirely

down into that candle high and then

reach up here so these are all little

drills and exercises you can do that

will eventually lead to trade entries

and Trade Stop placement and management

but more specifically it teaches you

expectation anticipatory price uh

reading where you you study charts real

time and you're watching price it has to

be on a real-time basis it can't be a

market replay because Market replay is

like stilted it's like wooden it's

stunted um it doesn't have the fluidity

that a real- Time Candlestick has where

you see the candle like for instance

these are one minute candlesticks so

they can be seen where at one time it

could be looking very much like it's

going to be a down closed candle and all

of a sudden it flips and goes the other

direction that's a dynamic fluid

environment you want to be able to see

price action if if you think you're

going to trade well and consistently

without having that exposure to price

like you can't skip that part and be

good I promise you it it doesn't work

nobody ever gets consistently profitable

without doing some measure of forward

testing and back testing it may be

minuscule for some that are very very

gifted but it's usually failure without

doing it and when you start

understanding the things that I'm

outlining you'll see that there's plenty

of opportunities there's so many

opportunities that are there all day

long but because you have painted

yourself into a

corner you think that there's no way

that I'm going to be profitable unless I

get the big run of the day so I'm going

to start hunting just for the big run of

the day and you might miss the ideal

entry point which that gives me I guess

the perfect opportunity to use that

15sec chart as a lot of you were

thinking earlier when I said we're going

to say this and

quit because this is supposed to be a

short one right um I'll use this as an

opportunity to go into the 15 second

chart in a second I promise I won't

close the live stream until I do that

part because I did mention it earlier

but one of the key takeaways by doing

this mentorship with you is I'm teaching

you son to look at price with these

little tiny little pieces of repeating

phenomenon and they happen at specific

times of the day they happen at a a

measure of frequency that is sustainable

it is going to repeat weeks and months

and years in advance as long as there's

a market these things will manifest they

will they will repeat over and over and

over again all of them will not be

profitable the majority of them tend to

be okay so I'm setting your expectations

and trying to calibrate your

your well expectations to a degree that

you should not be expecting Perfection

okay that's something that should be

first and foremost don't expect

Perfection don't expect everything that

you do to be without

pain it's going to be hard especially in

the beginning where you feel like you

know I have the best of the best dad's

giv me the best of the best so therefore

I should have no expectations for

adversity it's going to be really really

hard

because you don't know the outcome and

as much as you might want to dismiss it

psychologically and say I have I have

the best of the best you still have to

endure the waiting of this to pan out

and you still have to go through the

process of of developing like the rest

of my students there's nothing that

you're going to be subjected to that put

you at the front of the line there's no

shortcuts around this part this is the

stuff that every single profitable

Trader does and this is what they do to

make that money they got to be in front

of the charts they got to submit

themselves to the idea when they coign

and say okay I'm going to assume a trade

and take on that responsibility and risk

they have to agree on if they are wrong

this is what they have to

lose and why compound that by saying I'm

taking a trade Into The Ether saying I'm

going long or I'm going short and this

is where my stop loss is for the sake of

being able to say you did it when you

don't know what you're doing yet or even

when you first find

profitability young men tend to want to

do that because it's like the Gladiator

scenario where they want to do something

to impress everyone making money wasn't

enough for them being profitable wasn't

enough for them they want to be lifted

up on a pedestal and say you are a

goat and that's a sign and character

flaw that is synonymous with men usually

young

men and I don't want you to grow into

that I want you to be humble I want you

to be modest I want you to feel like

you're you're blessed if God gives your

understanding to this and I'm praying

that he gives it to you um when this is

something that you can do on a

consistent basis

you shouldn't go around like a sharp

stick and beat everybody over the head

and say you know you're inferior because

this is what I'm my pedigree is this and

I can do this because I learn this way

of doing it number one it's ugly I won't

be proud of you for doing that I don't

think you would do that but I say that

because I know other people are

listening and they might have that as an

aspiration for I want to do this because

I want to be significant in the industry

I want to make a name for myself for the

sake of clout

and the the best measuring stick is

being content with what you did how you

did it you didn't hurt anybody you

didn't belittle anybody you didn't try

to measure yourself up against anyone

else and you don't concern yourself with

those types of things when you trade and

live your life like that you will have

no drama you'll have no Spirit of

competition that you have to live up to

you don't owe anybody anything you don't

owe Dad any explanations for how you're

doing it you don't know anybody on

social media an explanation of how

you're doing you have no reason to give

anybody a testimony or update of where

you are and how you're doing but if you

choose to do that do it tactfully do it

in a manner where it's disarming you're

not trying to make anybody else feel

like they're inferior you're not looking

at anyone trying to say you know I'm

better at you I'm better at this than

you or I'm going to be faster in

profitability because I I know I

guarantee you there's lots of students

out there right now that are going to

try to race to consistently profitable

with you and that's a that's a a

terrible terrible thing to do because

it's not a

competition you know it may take you

longer than you already think it may

take and I want you to know as your dad

it's okay it's okay there's no rush I'm

not going to ever run out of interest in

trying to help you this is what I've

lived for I've wanted you to do this and

here you go it pans out that was a

immediate

rebalance uh immediate rebalance is here

it trades down touches the candle

rallies up and then we have a order

block it trades down into that and then

expands up to there so if you did

something like that where um

I don't know now I I forgot where the uh

what can because I was so interested in

talking but nonetheless it delivered

where where we thought it would go I

said I wanted to see this stay

open here because that would act as a

breakaway Gap and then yeah this should

have been the immediate rebalance there

and then the next candle is it rallies

up and then it trading back down into

this down close candle which is an order

block it rallies up it completely closes

in this inefficiency one more time Taps

into it there and then finally reaches

up I would absolutely be done I wouldn't

touch anything the rest of the

day there wouldn't be anything else

thatd be interest and it could have all

kinds of excitement right now I wouldn't

touch anything

more why because we have traded down we

had a disruption took out the cell side

after we had a disruption here and now

we've come back and touch the high of

the day so I wouldn't want to worry

about trading in the afternoon I

wouldn't worry about doing anything I

would be content with whatever it is

that you've done whatever you've

collected today in terms of

uh Insight experience logging um

encouragement whatever that is

okay it would be content and and left

right where it is right now but I want

to drop down into a 15c and kind of tell

you what I was talking about as we

started this live

stream let me go down into the

15sec

chart let's highlight this

first all right and then we'll make

that green so it's it's

highlighting so here's the five minute

price run in here okay and this is the

immediate rebalance right there so I'm

going to draw a little line on that

and as you see everything I'm doing here

it's highlighting

it it's highlighting it on the 15sec

chart okay and now we can take our

attention over here so I annotated

everything that I was talking about and

expecting on the one minute chart real

time with you and now we're inside this

price run so I'm going to talk about and

what I mentioned to my private

mentorship the other day um

this is the uh price delivery Continuum

Theory where you have an expectation

where price is going to gravitate to and

it gives

you a continuous opportunity for you to

be a participant in it because the

markets are fractal they're going to

offer you setups on one time frame and

then that time frame has once it's

expired all of its opportunities that's

used for an entry

mechanism you can't do anything else

unless you're going to just chase price

I don't chase price okay I'm going to

show you how you can effectively and

efficiently use a 15-second chart should

you ever want to do so you don't have to

okay but you're going to find that it is

very

forgiving for Traders that have missed

an ideal

entry and

uh or wants to um I'm going to say this

but please do not take this as an

invitation to start doing it yet because

pyramiding and adding to a trade that's

winning that is very very challenging

for me as a mentor to teach that because

I already know that you want to do as

much as you can to make money as fast as

you can you see all these people out

here to have 15 16 20 accounts and

they're doing lots of withdrawals pretty

sizable withdrawals from from Trading

all that

and it's it's important for you to be

comfortable being consistent with small

trades in the beginning because if you

can be consistent making small trades

you're building the the mindset you're

building the

uh well the skill set really that's the

best way of saying it to adhere to rules

and not Chase extra

money and you're going to want to do

bigger bigger bigger trades all the time

especially if you start sharing your

results with people on social social

media because the novelty will wear off

fast you know when you buy a really nice

sports car everybody around you your

friends and your neighbors and they're

like oh wow that's really nice five

weeks later they might look at you as

you go down the road but they're not

they're not

saying that only happens the first time

everything's got a novelty um aspect to

it it everything wears away and when you

start being profitable if those trades

are by most of the industries

expectations you know $1,000 a week

that's

awesome I'm a millionaire and I'm

telling you now if you can make $1,000 a

week trading you're doing really good

there's nothing to be ashamed of that's

actually something to be very very proud

of but what happens if you can only make

$200 right now or in the first three or

four months of you trying to do this

that's not

failure failure is I'm quitting and I'm

never going to put more effort into this

that's that's that's that's

bad so you have to load your expectation

but anyway as I was showing on the one

minute chart it was likely to come back

down and touch the top of the candle and

then start to expand up into this blue

level okay that was the initial high of

the day right at 7 o'clock in the

morning using the morning

session and if you look at what was

happening here it traded up and then

came right back down you see

that what's what is occurring

there what's occurring here it's coming

right back down and it's

rebalancing the inefficiency of this

quick sudden price run from this close

to that

close that's what's occurring so what

the algorithm does it refers back to

that price point at that time and this

is what goes on the market algorithm

starts from a higher time frame and

refers to key price points that are

Salient to where it's at right now

at given sets of time as I'm teaching

you here it will refer to close

proximity points of reference and that

means things like this where we have a

quick sudden run like this in a

15-second chart in a 5-second chart a

onec chart it's cycling through very

very fast the the the mechanism that's

it's it's going through all these

calculations so

fast you can't keep up with with with

actually going on so when I had to sit

down and create a language to try to

compare and contrast the closest thing I

can and not break any agreements this is

what you have you have this visual

representation of it where it's likely

to draw to this level and just above

it it comes back down and where there's

an absence of a fair offer for buying on

a Down

tick okay you ever hear how U like when

the when the circuit breakers go off on

the the market where it goes too far One

Direction there's a circuit breaker they

halt trading say for instance the the

market goes down too fast too much at

one time and they pause trading until

the market starts to tick up okay

there's a lot of high frequency trading

algorithms that operate and engage in

the marketplace like that so they're

filtering out of they're not trying to

buy when the Market's expanding

up but what their algorithm seeks is

these inefficiencies here and then they

once they get inside that range once it

meets that threshold of trading into it

then once it's met then it trades the

first down tick after

that and then their algorithm fires

entry uh orders to get

long knowing that the is repricing here

you can if you have the benefit of

looking at time in sales you can look at

how many contracts were traded here from

here that's not a lot of contracts

that's not a lot of contracts from here

to there it doesn't take a lot of

contracts to move price it just needs

one contract to book and show time of

sales it's not volume that's moving

price volume precedes price that's a

textbook right out of every retail

language book there

is volume precedes

price what does that mean there's going

to be a lot of

volume in this area down here why

because it took stops out what's below

here sell stops so volume will be larger

here then it will be in

here CU this is all discovery this is

all

going to levels that are outside the

range and while there might be buy stops

above this blue line that I

indicated the further above that line we

get the less volume there will be

because everybody wants to have a stop

loss real close to a

level and it's thinner as it gets up

here and that's why you start to see the

price start having all these big gaps

because it's pressing higher and higher

and higher the algorithm is just going

to repice higher whether you want to be

a buyer or everybody collectively wants

to be a buyer

it's programmed to keep offering that

price because someone is always coming

in with a sell order at market and a buy

order at Market guess what that does it

gives you the counterparty and it's

going to book price you can sit on your

hands and talk about how you're not

going to buy it because it's this that

and the other thing there's always some

Market orders coming in always and the

algorithm knows that that function of

liquidity is always present so it will

constantly offer higher prices and it

doesn't matter how many Tom Dixon

Harry's from Goldman

Sachs okay or well I like kicking them

around we'll just leave it at that all

these large investment firms no matter

how many Vol how much volume they got or

they're trying to push into the

marketplace they're not pressing price

down they might gloat and say yeah we

did this we did that but they're not

doing

they're stuck in the same delivery

Paradigm that every one of us is

too the Market's going to go where

they're going to go regardless of how

much buying and selling pressure there

it is period in a story and the common

uh equation I uh or not equation but

analogy I like to use is you know when

there's a limit up Limit Up move in the

marketplace how many contracts does it

take to cause the market to open up

Limit Up say you're trading silver and

the markets are closed and then we open

up and we open up limit up how many

contracts does it take to cause that

trade to be locked limit up just one

just one contract

because it's price

oriented but it opened at a time when

that first price was offered at the

furthest extreme that the exchanges

wellow and that means that you have a

limit up move so buying and selling

pressure is not it okay it's time and

price so in here we have price dropping

down to overlap this in efficiency

there's no Gap in here is there is there

any Gap in

here sure there is

look I'm not Chris Lori when a when

there's a uh

inefficiency if it comes down and closes

it in I'm not done with it

relative equal highs here fair value gy

it trades outside of it comes back down

into it here with a one

minute immediate rebounds so it's

trading down to a deeper discount so

this is your first return in after

taking the buy side here but this is

left intact so this is still in play so

it's dropping down that right there

would have been a 15sec long for me if I

would have been buying down in here or

if I was long here this would be another

area where I could go long and add

another partial but it couldn't be

larger than one

contract why because we're we're long in

the tooth with the price run and my

limit order would be just above here it

wouldn't be up

here oh ICT you should have been looking

for something like that why the low

hanging fruit is just above here that's

all I want that's where the largest

degree of volume is going to be because

the order is going to be closer to the

levels that are expected the algorithm

is going to repic because it's going to

do the function of what a wick does

where it does the damage it go it colors

outside the line just like your son or

daughter will and she's doing exactly

what she's coded to do but I need to be

efficient with executions and remove the

element of fear and greed and regret so

I'm going to take where it's obvious for

me to get

out if you start getting out at the

highest high and getting in at the

lowest low all the time you're going to

experience broker problems they're going

to slip you they're going to do requotes

and you're going to miss because if

they've been bbuing you and you'll know

they've been bbuing you if you start

getting that kind of stuff and you're

winning then they'll start messing with

you because you're taking money out of

their hands you get mad about all you

want oh this is it's wrong it doesn't

matter you give them permission when you

signed up this the way it is if they can

get you out with the liquidity then they

will but they can't guarantee it

so there's their gray

area so the 15-second chart when you see

things on a onee five minute chart it

gives you opportunity for you to get in

alignment now let's just say for sake of

argument when I was calling the one

minute uh institu one minute immediate

rebalance and expecting it to run up

here okay that is a 40 handle run or

more the live streamers on YouTube most

of them don't see that

they get out with like five handles 15

handles 10 they might say they're aiming

for 20 and they get out at whatever they

their emotions push them out of the

market with and you never really you

never really see them enter you don't

you don't see when they're actually

telling you this is where it's happening

right now they they have a Target that's

a lofty one they say I think it's going

to go up here and then they'll say well

see I called it who's doing it like us

and they show you the trade after the

fact

they do that because they don't do what

I'm teaching you to do right here and

they're going to start doing it trust me

and then when they do it their trading

will improve and they'll get more

confident about pushing the button at

the execution points from beginning to

end and then they can earn the title of

number one day trader on YouTube but

until they do that they can't so let's

say I missed this opportunity to be long

there okay we have a down closed candle

inside of a fair value Gap that came

back down into an old in efficiency as

well after the first run above here this

is all extra credit stuff okay so this

is this is more or less not for you

Caleb it's for the people that are

familiar with my stuff but just want a

little bit more iceing on the

cake when it trades back down into this

down close candle here that could be a

buy for me as well that one and we can

look at this little Gap right there see

that that's all it takes trades down to

here my limit order would be just above

midpoint of that Wick I'm not demanding

it gets me filled in there because I may

not get it so I'll be a little bit more

forgiving and placing a limit order

there and then I could use that to get

in sync with the run if I felt like it

was going to go higher I'm just teaching

on the basis of how to use the 15-second

chart and how it gives you a plethora of

entries there's so many entries offered

on a 5sec and a 15-second chart that you

don't see in a one minute chart but the

algorithm is doing the same thing you're

telling me that people are looking at

chart and they're looking at reference

points that I've classically defined now

is as PD arrays the market keeps going

back to these price points you mean to

tell me everybody that learned from

online trade Academy and supply and

demand that they're all looking at

15-second charts and they and they're

stopping the market right at these

levels their buying is stopping it right

at those levels and it's keying off of

that stuff precisely you're full of

it ain't happening Jack it's all

algorithmic and it doesn't matter how

many buying in selling a specific number

of contracts the price is going to go

where it's going to go because it's

scripted and it's going to go there

based on time that's the way it works

and you can argue with me and I don't

care you're never going to convince me

otherwise because I'm out here doing it

I'm out here telling you what it's going

to do beforehand you're going to argue

it in in a hindsight capacity if you

want to have a a session where we sit

down together and you're going to

explain things retail I would love that

I would love that I will do a live

stream and they could be on one side of

the screen and we can take turns talking

about what we think's going to happen

and I will run circles around you I will

literally lay down every single price

move all day long but they'll they'll

have nothing to say

then they won't but other people will

still say well that was just one day I

was just you know he got

lucky it's fun it's really fun but

anyway um the 15sec chart affords you

that as a mechanism okay it also gives

you the ability to reduce your stop loss

okay make it a little bit tighter not

that you should be trading with really

early small stop losses in the beginning

because it's important for you to read

price appropriately and effectively and

efficiently first and then eventually

you know when you're into the the part

of taking trades where you have to

manage real risk and real money uh then

these types of conversations are much

more pertinent to the discussion but

right now it's so outside the scope of

what Caleb needs right now it's it's not

important at all it's absolutely Ely

zero importance zero but I wanted to

kind of like outline Something Real Time

and and give you a feel for how you can

make bread and butter setups and they're

real easy to see like it if you

understand where the draw is what it's

done it it made something Jagged down

here and it made something Jagged down

here and it

left that

high in this high in place it's

relatively equal when you had the chart

spr spread out like this it doesn't look

like that but when you compress

it we're back in the same discussion of

okay it it failed to get back to that

one so the second one was lower so what

does that mean it's a high probability

relative equal High the market will

repic to that because it wants to

disrupt it wants to disrupt it wants to

be that cousin

or in-law that comes to the cookout that

you really don't want

there that's what the market does okay

and when you understand that you'll

you'll do better in your trades but I've

gone on no today I've really overstayed

my welcome I'm I'm tired I'm hungry and

I want to get off here so hopefully you

found this one insightful if you did I

would appreciate a thumbs up it doesn't

mean you love me it just means that you

learned something today and you're

continuously getting a deposit in your

understanding and that's like a report

card for me to either continue or or not

if there's 100,000 people watching and

there's less than 177,000 uh that's

going to be very discouraging I might

take tomorrow off if that's the case so

let that be a little factor in whether

or not you want to give me feedback

until I talk to you next time be safe

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YouTube Transcript:ICT 2024 Mentorship Lecture #2 August 6_ 2024

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ICT 2024 Mentorship Lecture #2 August 6_ 2024