YouTube Transcript:
ICT 2024 Mentorship Lecture #6 August 12_ 2024 Begins 9:15am ET

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well good morning folks how are  you just give me a minute here or
two I'm going to place you on mute for a
second
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how you check
one check one okay so we should we should be
okay all right good morning folks how  are you hope everybody's doing well
sorry for the delay my wife is not here to help me  do the uh wrangling of the pups so I was uh giving  
them a little bit of peanut butter to try to hold  them off as I put them in their kennel all right  
so uh it's going to be a casual one today and just  as a reminder I I will be here every day this week  
at 9:30 um give me a little bit of time up to that  point um I'm aiming between 9:15 9:25 is in that  
ballpark there's a couple things I'm juggling in  my personal life this uh this week that prevent  
me from doing a little bit earlier St time but  with that said um just know that we'll have a  
live stream just I guess I guess the easiest way  is just to kind of like head to the channel if  
you're going to you know want to be here hang  out around 9:15 and you'll probably see the  
I guess the logo for my YouTube channel it'll  it'll turn red around the outside of it if you  
click on that it'll take you right to the live  stream um I don't know how to notify you otherwise  
so I just I said just anticipate between 9:15 and  9:25 you know today which is Monday August 12th  
through Friday so tomorrow and on Wednesday we  have some high impact news drivers uh the PPI CPI  
numbers they they're usually the ones that tear  your face off and it's real hard to predict what  
they're going to do they're extremely manipulated  so just know that uh we'll be waiting for the  
market to kind of like digest that and a good time  to do that a few minutes before the opening belt  
9:30 so I have a few things I want to cover while  we're waiting for uh the market to be around here  
a little bit more the uh the YouTube channel for  my son Caleb uh last time I checked it was about  
12,000 is subscribers thank you for that I'm sure  there's probably going to be a little bit more  
people following it without actually subscribing  so it is what it is but um he had to work this  
weekend so that prevented us from having a session  together where we could review so I'm deferring  
that one and if it becomes impossible to do that I  will simply just do a video covering and reviewing  
the week and how his charts should look and then  he'll have to watch it and then we'll have to do  
a subsequent video where you know he can kind of  like add his uh his view on but we have 7 o'clock  
this morning delineating that here this is kind  of like what you should be doing Caleb and then  
we have the run here creating the initial buy  side liquidity and the low taking that out here  
so we have a minor cell side liquidity pool  resting right below here and you can see how  
we're working the initial cell side liquidity  which is that low right there now whenever I  
have a time where if I'm looking at a specific  element of for instance like 7 o'c say it's your  
opening time for your trading as we were talking  about last week if you're going to be looking at  
the charts and start watching price as early as 7  o'clock in the morning you're going to be met with  
something like this where you'll have a high right  here to the left of your stock start time and then  
actually right at 7:00 creates a a high whenever  it's like that I'm going to wait for the initial  
run because I know it's probably going to take  this High out and it's certainly probably going  
to certainly probably here out certainly probably  uh this coin something else the uh the short-term  
high is cre rate at the 7 o'clock candle so  that initial liquidity is an interest to me  
so I want to watch and see does it in fact  trade above here and if it does I'll give it  
some allowance okay the trade there I'm not trying  to annotate that high I want to see the short-term  
High here form and then start to trade lower and  if it takes out that low then I'm highlighting  
that high and I'm highlighting that low so now you  can see we ran above this here and if you look at  
look scrub over here to the left a little bit more  Michael so you have all these relative equal highs  
the market did in fact make a run above that  so that disrupted all that price action over
there which [Music] leaves this low which is  the minor cell side liquidity it's inside the  
range starting at 7: a.m. but it's also inside  the range that was formed from the run from the  
London session which is over here now initially  when I'm looking at this my eye gravitates to  
this low and it also gravitates to these lows here  which is why I have like I have this low in mine  
this low and this low which is why I have all this  highlighted as a layered cells side liquidity pool  
so it's it's there's a few of them in there  that have my interest this is relative equal  
to that and it's also slightly higher than that  and then we have this low here even though this  
one disrupted that I have to at least consider  that okay um um the upside where we had these  
relative equal highs and we had this old high here  which is initial buy side we've already ran that  
and started to sell off so on the on the buy side  of the market it's been made Jagged initially but  
we have no news data ahead of CPI and PPI going  into Tuesday and Wednesday's trading so when we  
have that it's it's kind of a little bit um more  uncertain I guess the the the right words would  
be so you have to pick your uh pick your shots a  little bit more carefully and kind of like an an  
analys I got peanut butter on the roof of my mouth  too I snuck a bite before I gave to them you have  
to do your analysis a little bit uh more critical  than if you had a high impactor news driver that's  
medium impact during the morning session and since  we have nothing of that this morning and then we  
have some really big Heavy Hitters for Tuesday and  Wednesday at 8:30 uh they're going to move around  
a lot so a lot of interest is kind of deferred  until after that report comes out on Tuesday and  
after the report comes out on Wednesday if you  take a look at your economic calendar you'll see  
what I'm talking about it's the PPI and CPI  numbers I don't ever care to know what those  
numbers are actually stating uh because frankly  you know like I've mentioned many times before  
it's of no interest to me I'm not going to be a  student enough to know what that data is going  
to tell me for a buy or sell it's not giving  me any kind of information that is actionable  
so therefore I never consider worrying about  what the the raw data is I'm sure some of you  
in here listening that are very um interested in  the fundamental aspects of of the market and if  
that's suits you then you know well done I just  don't have an interest in that so therefore I  
defer all of that to everyone that wants to cons  consider it useful I look at the the time when the  
market is likely to give those types of runs they  go protracted usually one directional and then  
sometimes they'll change on an aggressive reversal  and go the other direction um most of the time  
it's just a one directional Landslide okay or it  just blows up and goes straight up and it's really  
unless you're really positioned early on something  in London or whatever which I don't try to do that  
and to prove my uh very low interest in trying to  be in a directional move for CPI or PPI I have on  
Twitter spaces in the past um mentioned what I  thought was going to potentially P pan out and  
in what direction or it may aim for and true to  form it's it's never accurate so I shouldn't say  
never I was I think I was right twice last year  with the CPI and BPI but otherwise I'm usually  
wrong so I don't need to do that for years and  years and years uh just to you belabor the point  
and say okay well this is not advantageous for me  so I I sit on the sidelines and I wait and I wait  
for more information to come after that market is  Mo is moving because of the intervention because I  
don't know where they're going to put the market  right as that report comes out and no one really  
does to be honest with you no one knows that and  even if someone had a inkling I'm I'm confident  
that if a position was placed large enough  ahead of it they would run it the other way  
just for the sake of upsetting it so that's the  conspiratorial mindset of my of of Michael right  
so I'm not interested in worrying about all those  types of things um when we look at the market  
it's it's probably better for you to trade when  it's not having a day like this where there's no
uh there's no real data to concern oursel with and  trade in the afternoon but if there's things that  
are in the marketplace that are more conducive  for taking trade setups looking for Price runs  
that move to a logical price level where it's  it's really telling it gives you Insight that  
I guess goes against the grain of retail stuff  like supposed diagonal support and resistance  
or indicator crossovers or over oversold that type  of thing um if I have those types of advantages in  
price action and they're they're hinting to the  likelihood of that arm wrestling match I talked  
about last week where we have Smart money Concepts  time and price and liquidity and inefficiencies if  
that's arm wrestling if it's arm wrestling the um  Central tenants that go along with retail trading  
Concepts and things that lead to in my opinion  guessing um I I guess it's more appropriate for  
me I'm not saying it should be appropriate for you  but if you have a an affinity for just trying to  
trade every morning session because that's your  operating hours you know if you have those types  
of things in play and you can identify them  you don't really need economic calendar to I  
guess push push a narrative or push a sentiment  um you can just trade the just the price action  
itself you don't need a whole lot to you know  go on but uh it's in it's in my interest as an  
educator to kind of like promote the idea that  an economic calendar behind you moving with the  
ideas that you're looking for technically uh  that in my opinion is better so when you have  
a a morning without economic data it becomes a  whole lot more problematic in terms of seeing  
sustained price runs uh you have to know what  you're looking for where you're looking to take  
profits partials um move quickly to protect your  position not try to uh look for home runs give  
yourself flexibility knowing that you potentially  may get it wrong because you have big news on the  
the following day and day after and in this case  we have that with PPI and CPI so it's important  
to pay yourself if you get the opportunity to do  so give yourself the opportunity to see if it can  
run but don't punish yourself if it doesn't case  in point right here partials always pay you never  
have to worry about being right or wrong once you  take your first partial it completely removes all  
of that necessity about being right or wrong so  let me cancel this order because it should have  
given it to me in my opinion should have went down  down there but it didn't so because it came back  
I have to sit and relax and give some more time  through the marketplace we have the opening range  
still here I think we still come down in here  even though it took me out before it actually did  
it but this would have been a a transaction that  would not take away from the equity it added to  
when we have opportunities to see the price action  move in our favor and we don't take partials if we  
do not take a a piece of the pie if you will or  a bite or a pound of Flesh before it gets to our  
major objective or our Terminus our main target if  that's not the case for your trading right now you  
need to start adopting that because especially  with the volatility that's in the markets today  
I'm I'm saying specifically today but you know  in recent months and years that volatility is  
going to give you a whole lot more adversity the  markets can come back multiple times into the  
general vinity where you enter the trade at and  when you have the potential for the market to pull  
that deeply back into your trade if you don't know  what you're looking for if you're if you're afraid  
to get back in or you just lose the plot you have  no idea what it's doing it's better just to take  
that Victory whatever that was in this case you  see a limit order was filled you see they a stop  
loss was brought down to protect the underlying  position and it came back just to to take it and  
now we're back inside the range created from  that run here to that short-term high and we  
have yet still to take out let me take these  little identifiers off for a second so you can
see just fell short of running into that okay  now these are the the little gremlins okay the  
little gremlins that creep in to your Trading  and you can get emotional about it you can get  
mad about it you can punch the air and say it's  so and so's fault it's somebody else's fault or  
you can say you know what I was part of a move I  looked for certain signatures to pan out it gave  
me the opportunity and displacement and and it  ran to obvious levels of liquidity it took out  
this shortterm low I wasn't interested in having  any limit orders below that this one here I like  
that and I have this one shaded arm here okay and  what that means is I want to see it get below it  
it each one each one of these candles hasn't  really giving me a kind of like a trade below  
it spend some time below it and then come back  up and and tap into it as a potential inversion  
fair value cap if you ever looking at my charts  if I'm sharing shaded areas on price if it's  
shaded orange like this to me okay my interest  is some some facet of seeing price go below it  
and come back up and then treat it as a means of  barrier that it doesn't want to get back above it  
if I start watching candlesticks promote that  idea and then I see a displacement I might in  
invite the opportunity for them to put me into  a short with a fair value Gap a institutional  
order flow entry drill um I don't know maybe a  bearish order block something something to that  
effect but it hasn't given me enough information  here to justify that yet so I'm watching to see  
if they just take out this short-term high and  then what they do after that if it was to take  
like this High out or maybe come back up and even  touch in this again if it can get back below this  
one here then I I may entertain the idea of  maybe trading that b below here I do really  
like the idea that they've kept this l and this  low in the kind of like in the rule book if you  
will that now we have relative equal lows there  and this one here has a lot of liquidity in it  
because we have it's it's 5:00 a.m. it's during  the close of the London session so we see the  
market wanting to reach down into that but then  stop short of it okay and I'm quite certain that
Phil p l yeah uh said no not today  because ict's got a limit order down  
there and then came back for the stop but who's
fil so I'm interested in seeing does it now want  to go down below this area here come back up and  
then does it displace it made it could do it  and it could do it so quickly and violently  
that it doesn't really give me a chance to get in  it but I want I want to talk about the importance  
of knowing when these high impact news drivers  on the economic calendar like we have a Monday  
okay generally I'm not a real big fan of Mondays  uh I like to see other Traders go out there put  
their neck on the Block and then see what the  general consensus and sentiment is on a given  
week where we don't have non-farm payroll okay  so if we have nonfarm payroll I'm interested  
in trading on Mondays every single mon Monday  that has non-farm payroll Friday I'm trading  
and engaging on Monday's trading I'm absolutely  looking for moves to do you something that gets  
me into a trade generally I'm not interested in  Mondays otherwise and because of that I'm trying  
to counsel my son and his brothers if they watch  these videos too I'm hoping it will inspire them  
to do it as well but um they shouldn't be trying  to trade on a Monday in the morning session ahead  
of PPI and CPI numbers like like we have here so  if there's ever a a real big huge neon sign that  
says don't really try to trade on this because I  know a lot of my students will say and a lot of  
people that don't like me or they try to troll  me for for clicks and Views and AD revenue or  
attention they'll say ICT never trades and or he  says never trade on Monday and then they'll show  
their after def fact trade and they'll say this is  what I did did and that's great you know well two  
do but there's a lot of things I don't personally  want to do as a Trader and other people do and  
they make money I'm not arguing that but what  I'm saying is is because you're here watching  
my content the interest is you're wanting to  know my opinion or what I'm thinking or what  
makes me tick about an idea about a market  going higher or lower and what do I look for  
in terms of a trade idea what do I look for for a  setup okay or when do I try to avoid taking those  
traits it's important for my son to know that it's  problematic on days like this because number one  
it's the morning session everybody's chopping  at the bit to do something and large pools of  
liquidity big big players in the marketplace are  not going to position this morning because they  
know what's waiting on Tuesday and Wednesday so  because of that just know that you're going to see  
a lot of this type of action where it's up down  it's real skittish meaning that it goes up it  
goes back down it goes back up it goes back down  and it becomes very very sloppy real quick and  
it becomes almost Seek and Destroy like now what  does Seek and Destroy Seek and Destroy is where  
the market will go just above a short-term High  just to go back lower to take out a old short-term  
low then come back up take out that short-term  high that was just formed and then vice versa  
it go back and forth back and forth and it kind  of runs you over even if you're in a position  
as you saw here at the opening of The Stream  even though I can be right in the direction  
and I can see where it wants to potentially go  Allah here we are it can still come back and  
take me out now if it wasn't a Monday with  a PPI and CPI numbers coming out on Tuesday  
and Wednesday I would go back in and short up  here but because it's not conducive for that  
because we have huge news coming out Tuesday and  Wednesday I know that the probabilities are likely  
didn't think I saw that coming did you Phil the  high being bumped there and then trading lower  
here is the new week opening Gap high so the  bias as I was teaching last week here's your  
new week opening gap for this week we had price  above it it rallied up it took liquidity and  
where's the draw going to be where where's that  like black hole of of just constant tension and  
pressure to pull price Caleb it's the new week  opening gaps okay so if we have that and we
have an old new day opening Gap here we'll have  a new one tonight when 5:00 pm comes and then we  
have the opening at 6 PM we'll create another new  day opening Gap but right now we have to work with  
new week opening Gap and old remember I told you  last week that the new day opening gaps have a  
shelf life or life cycle not that it's limited  to five days but if you work with them in that  
perspective you'll see how the market uses this  idea where it gravitates back and forth towards  
towards these levels they're inefficiencies  that will be used again like a magnet will  
draw price to it so when we're looking at bias  these are going to be your first Central tenants  
to trying to derive what that bias is so if  we know that the new week opening Gap is is  
here for this past Sunday or yesterday evening 6  p.m. in relationship to I guess if I scrub over  
here you'll see uh we'll come back to it in  a second the uh it's less than 20 handles so  
therefore I'm not really interested in imitating  the quadrants inside of it you can eyeball it is  
about halfway here in the upper quadrant here  and lower quadrants there and if it gets trade  
if it can trade through that and then we go  back into new day opening gap of the 9th okay  
so that's Friday new day opening Gap that would  been formed and calibrated from Thursday evening  
New York local time it's Thursday's 5:00 pm  closing price in settlement and then 6 p.m.  
1 hour later new session opening so between  those two price points you get it here and  
again it's not annotating the quadrants or the  midpoint because it's less than 20 handles okay  
so if we have a previous new day opening guy  below price and we have new week opening Gap  
here and the market was made Jagged here and  we have inefficiencies that we're respecting  
it the Market's going to do what at the opening  bell it's going to gravitate in the direction  
of these old inefficiencies because the market is  algorithmic so it has to refer back to those same  
things I was teaching last week so that way we're  not sitting here staring at bookmap charts okay or  
things like that talking about nonsense and the  whole time the Market's moving and not having  
had a trade or even knowing the bias there you go  so you want to screenshot that okay you want to  
screenshot it again and put it on your calendar  the ICT was talking about this stuff last week  
and talked about it live coming back up and just  bumping this High here and then ripping it down  
here's your open trades back up touch touches the  bottom of the inversion Fair Val you got that's a  
trade not on a date that's ahead of PPI CPI and  the market rips lower eats right on through all  
of the layered liquidity here upper quadrant  level trades lower and look at the bodies how  
the bodies are stopping right new week opening  Gap see that is that beautiful so it's probably  
random all this stuff probably is working off of  uh you know some classic uh Steve neelson chart
pattern oh man I can't but I I have to do I  have to do it it's my burden I have to carry  
it so the uh the idea of looking at bias I gave  you those elements last week okay and using them  
fortifying that as part of your repertoire and  your regimen your uh guidance that I gave you  
uh last week as you can see all those rules  are still here they're still here and we're  
trading down into the previous Friday or week  of new day opening app okay so I know some of
you I know some of you may look at these  these ideas and think you know this is  
pretty complicated it's very hard for me to  get a feel for what he's doing and and that  
that's normal because you're getting exposed to  it for the first time and because you have Tik  
Tok mentality you think it should be understood  in 30 seconds you know and it's not going to be  
like that first of all you have your brain clogged  up with with nonsense and things that other people  
sold you in books and courses and lied to you and  said this is what the market does and this is how  
it works and smart money concepts are nonsense and  there's no algorithm but here you again I told you  
I told you last week we're going to sit here and  you're going to see this stuff working again here  
it is okay but trading to to the midpoint okay  or consequent encouragement that ends my interest  
in the morning session it could come back up  into this and then rotate one more time just  
to take that low out and trade the consequent  encouragement and that would complete my day  
or my morning session or the interest thereof  I would not be interested in trying to buy it  
I would not be trying to go long I would not be  trying to go into a short that that you hopefully  
moves 200 handles or plus that would completely be  against my expectations and why would I have that  
opinion about not doing much more or having an  interest greater than than I outlined here which  
would be consequent encouragement number one  it's already moved one-sided it's had a really  
nice displacement lower it just really just tore  off went a lot lower than most of you probably  
were expecting but it went right to the levels  I was showing you here in the live stream it was  
it was it was going to draw to these levels  because we've made made a run higher during  
London we rallied up bumped a previous high and  then we had the market create jaggedness as I was  
talking about okay so there you go it completely  went down to the low so I'm I'm done I would  
move to the sidelines and everybody that's been  following along and went short take your profits  
and be content okay I don't care if it goes lower  just take your profits and move the design I know  
I know you guys are following this and you're  thinking he's got these levels on there and I  
know it's going to fill so I'm going to use my  own methodology and I'm going to trade to his  
levels I don't want to hear about it I don't want  to hear about it please don't don't give me high  
fives in the comment section even though I'm the  only one that can see that don't do that because  
every single time I I see a wave of people doing  that and they're like thank you so much I took a  
trade on this and I used your don't do that  because that means I'm going to be worrying  
about you and I don't want to worry about none of  you okay but let's take a quick look real quick
and recap what was going on we have an old clean  level over here which very well could could go up  
here and bump that but we have to use the rules as  I outlined last week where you start looking at 7
o'l and you're going to wait for relative  equal highs okay relative equal highs boom  
boom what's this high in relationship to that  one is it higher to the high to the left of it  
or lower it's lower so doesn't that mean that  that meets the criteria doesn't it yes so when  
you have this or the candle at 7 o'clock you  know it just starts to drop down from there  
I'm not interested to ever classifying that  as the initial point of buy side liquidity  
I'm not interested in that I'll wait and defer  my actions on annotating and labeling because  
I know just to the left of that it's it's  here too so I want to see it form literal  
relative equal highs so in case you missed it or  I didn't give you a good enough explanation what  
I meant earlier when we first started talking  it's in the rules I told you last week so it's  
not like I'm ad living here it's what I said last  week in the lectures so you're going to wait so  
if your if your starting point is not 7 o'clock  okay say it's not 7 o'clock and you start at 8
o'cl right there okay the same thing you're  going to refer to any relative equal highs  
that have not been pierced or breached that  formed after 7:00 but sometimes they will  
already have taken them out and then you'll  have to sit and wait and wait for your own  
relative equal highs or relative equal lows  to form post 8:00 if you're going to use the  
9:00 hour you have several other factors  that you can use okay um the opening range  
as I was showing Caleb last Friday you go as  students are familiar with this because I've  
I've shown this before using the uh regular  trading hours so if we were looking at it this
way are you mad ICT they stopped you out before  it dropped no because I know this is going to  
work again it doesn't just work on one day okay it  works every day and every week and it won't stop  
so if we have what's nice is I I'll explain  to you that they would probably run it to this  
everybody G maybe bump and clear the highs and  then drop it lower so I I can anticipate and this  
is what experience and this is also a little bit  understanding the sords code um what they'll do if  
I'm going to be wrong how will I be wrong now for  someone that may hear that and think wait a minute  
if you know you're going to be wrong or you're  potentially going to be wrong like that's not  
bragging right you know if you know you're going  to be wrong why'd you take the trade well there's  
going to be times where you get into a trade and  when you take that trade it seems appropriate and  
then the things that you were looking for start  fizzling out and they are no no longer supporting  
your trade so it becomes a much more likelihood  that you're not going to get the objective you're  
you're seeking and if it's something that you  anticipate potentially closing the trade on  
you prematurely wouldn't you want to move your  stop- loss in an advantageous location so that  
way if it was the reverse on you you still go home  with something not a loss that's that's the parts  
that comes from learning from me talking when I'm  talking about specific things if you don't have a  
frame of reference to refer to the logic as to why  is the trade still viable why should I hold the  
trade what prevents me from getting back into the  trade if I get stopped out there has to be rules  
for that okay and if you don't start to build on  them in the early stages of your development you  
won't have anything to lean on except for your  buying and being profitable or you're selling and  
being profitable and all the losses in between and  nothing except for the emotional response to that  
versus these are the conditions this is more more  appropriate for the chart to say this to me again  
later on and I'm going to take that as a setup to  get back into a trade idea that Mak will be viable  
but if you are referring to the economic calendar  and you understand the effects of manipulation  
that comes by way of PPI and CPI numbers much  like a non-firm payroll day and or fomc where it's  
highly influenced by direct manual intervention  that means you're not going to be able to be a  
part of the move most of the time because they're  just going to steam roll over everything but on a  
day ahead of those reports and if it happens to  be a Monday you give yourself one chance if you  
can get into a trade early on wonderful using the  things I taught last week and what I'm showing  
you here it's not random that the Market's going  to respect these levels okay i' I've said it at  
nauseum when I first started talking about it  last year on Twitter spaces when I introduced  
the idea of new week opening gaps and new day  opening gaps it was last spring summertime in  
2023 for the most part part I've watched most  of the online chatter about them fizzle out  
and frankly that's exactly what I wanted to see  happen because I shared it and the students that  
have done any work in them they have seen value  in it but because the most the majority of the  
online trading Community not just my community but  everyone they they're all looking for this magic  
lamp where they can pick it up rub it three times  and a genie you pop out and say where do you what  
do you want to know today okay the Market's  going to go up to this level buy it at this  
you know you got one more wish you want a stop  loss it doesn't ever get stopped out okay there's  
your three wishes for the day come back tomorrow  rub me rub me right right so I introduced the  
concept and because they it's too good it really  is too good to be in the majority of everyone's  
hands I allow the the the interest to fade because  if I keep pumping it pumping and pumping it you'll  
start start seeing the things that I just revealed  last week so because my son is interested and he  
wants to document it I know that it'll hold your  attention longer if you're seeing the logic that  
I'm going to explain as I explained last week  and him using it and then eventually seeing  
him go with top step and then eventually pass his  combine and eventually get payouts you'll see that  
the logic works not just in my hands and not just  in other people's hands but as a dad I want to see  
him doing it in his own hands and then have the  rewards of being able to do it and repeating it  
doesn't need to happen every single day Caleb but  overall if you have a net positive month because  
in the beginning you're not going to have a net  positive every single week because there's going  
to be a lot of this that you're going to have  hands off that he's got to do it and learn from  
it and trust it he's making the right decisions  and when he doesn't make the right decisions you  
have to feel that effect and then work through  that prog ress of it didn't work in my hands I  
did something wrong not the stuff doesn't work  that you did it wrong and therefore you have  
to grind through that and and as all of you are  going to be the same way with this I mean you're  
all going to have those those hit and miss you're  going to have days where it just works like a hot  
knife through butter it just cuts through easily  goes right to where you want it to go right away  
and you're done you can go do whatever you want to  do other days you're going to have to really work  
for it and I have learned over 30 plus years  the days that you really have to work for it  
it's better for you to get out of the trade that  you're in if you're having a whole lot of mental  
uh Capital spent on the outcome of the trade and  you're just worrying about it being right in your  
favor it's actually a better exercise for you  to develop discipline just to close the trade  
turn the charts off and go do something else  because what you're doing is you're burning  
mental Capital you're worrying and stressing and  what you're doing also is you're triggering all  
these stress hormones in your body and  I wore myself down as a Young Man doing
that if you spend every single day of the week and  and for some of you many hours each day obsessing  
and worrying about what the Market's going to  do and really not knowing what to do or how to  
behave when it does certain things and signaling  to you that okay it's done be content with it if  
you don't adopt those protocols you're going  to stress yourself out and here's the thing I  
have met tons of people that are profitable but  they're absolutely unhealthy and unhappy because  
they're constantly trying to get more than what  they need I've seen many people go out there and  
do exceedingly well intraday and they go in again  and they take another trade because it isn't good  
enough for them they want to make more and I'm  trying to teach you have a mindset where if you  
go out there and you do something once a day and  you get the experience from it if it's positive  
wonderful if it's not positive now you have an  opportunity to study what you didn't do right or  
what you didn't observe correctly those are the  two perspectives to hold not that you know the  
stuff doesn't work or they they did it to you okay  I'll give you a perfect example I knew there was a  
strong likelihood that these relative equal highs  could be retreaded to because that the CPI and PPI  
numbers are coming out Tuesday and Wednesday and  the character istic of this morning session ahead  
of those days tends to be a lot more of this type  of stuff back and forth back and forth back and  
forth and then bump stop me and I said and then  once it does that good old Phill and take the  
price back down to where I said you where it was  going to go and it did so I can get mad like I did  
when I was 20 and say oh you so and so you did it  to me again or I can say you didn't beat me today  
even though you took away the the majority of what  I was trying to do you didn't take everything from  
me and that's the benefit of knowing where to take  partials because as soon as you take partials and  
you run your stop to a position of covering any  costs you are in the closest thing to Nirvana  
as a Trader because now the outcome of the trade  is no longer all that critical is it no because  
because you've taken something out of the  trade you've locked in a position where even  
if it were to come back on you you can't lose  you can't lose barring some crazy Gap you know  
like that's always there but you technically  barring some crazy volatility Gap that would  
be you know unrealistic to expect I guess it it  could happen now with all the all the stuff that's  
going on over in Europe and Middle East to the  Brits last year when I was talking about watch  
Britain watch the UK you're you're going to have  some crazy stuff happen are you paying attention  
it's almost like uh reading price action isn't it  so just be careful over there and it's going to be  
coming here and it's going to come to Canada and  we're all going to feel it but the point is you  
can react to those types of stimuli where you get  stopped out prematurely and go back in and Hunt  
try to do something extra because you didn't  get your full run if I uh if I pull this back
up this old high those are the relative equal  highs that the market was reaching for but this  
is the the level of least importance to me what I  want to see it do is trade above these highs here  
why because starting at time 7 a.m. my interest is  there so we go up we go down we rally back above  
so the buy side is taken and just for good measure  it takes out the highs from the previous session  
and then we break lower and we have a fair value  Gap okay and the market trades up into the fair  
value Gap right there and I'm looking at how the  market wants to use old inefficiencies because I'm  
thinking it's going to stay heavy and really work  towards this low a lot faster because it wants to  
do the moves generally a little earlier when we  have big news on a Tuesday and Wednesday like  
we have in arcademic calendar when do you trade  these early sessions ICT why are you why are you  
sometimes taking trades before 9:30 opening BT or  before 10:00 Silver Bullet I've said this before  
but this is the part where you write it down okay  if I have an economic calendar that has like these  
big impactful event on the following trading day  then I'm going to try to take the trades early  
because everybody's going to be in here trying to  do something at the opening bell and it's also a  
Monday so because nobody blew up anything and we  went we didn't go thermonuclear over in the Middle  
East everybody want to go in and take a lot of  Trades so there's going to be a lot of volatility  
there's going to be a lot of interest in trades  right away and I want to be in when the Market's  
the cleanest and what how is that going to be  determined well what I taught you last week at 7  
o' to 8:00 I'm going to use that first 30 minutes  post 7 a.m. and that's here okay so here's 7 o'cl  
to 7:30 right there okay so what did we form  that high that low that's why I'm delineating  
those levels okay in case you have forgot last  last week's rules so we traded down below it  
okay so now we're going to wait and see does  it want to come back up and upset these here  
knowing full well that the new week opening Gap is  down here for this week August 11th that's Sunday  
opening from Friday's closing settlement price  that's what the new week opening Gap is so since  
it's below it and then the next new day opening  Gap is last Friday the 9th where is that down here  
so all we're going to do for guidance all we're  going to do is follow the rules I gave you last  
week we're going to wait for the market to be  made Jagged on the opposing side of where these  
inefficiencies are isn't that easy all you're  doing is waiting for them to run up take out  
the smooth areas right here and they ran through  the previous highs and then did what we break  
lower and then we have displacement in here so  if we go back through all this price action here  
we can then start looking for hang on one  second I thought I had my laptop plugged in  
I'm in the in case the accoustics are acting  a little weird in the audio it's because I'm  
inside the great room of my first floor of  the house so it's I have really really high  
ceilings and I can hear it as I'm talking  sometimes it's like eoy I'm in a big uh a  
big room here so hang on one second let  me plug this in before I lose the power
speaking of power uh last week we had the remnants  of hurricane Debbie come through and the wind was  
kind of whipping up so we lost power for a moment  until I had all my generators turned back on since  
I wanted to leave the session last week or last  Friday at 10:00 I had no interest in in trying  
to log back in and I had to take care of what  I had to take care of so I wasn't going on this  
the site or Community post that how to tell you  what was going on because I had things to take  
care of but anyway um we had this inefficiency  here and going back over through all this see  
all this right here all this inefficiency even  though we went back and forth through it here  
I'm aiming for all that in there and then we have  this inefficiency I traded into it there right at  
the bottom right there you see that I want to get  in the trade some of you may see what I'm teaching  
and say okay I can see the fair value gaps I can  see the inversion fair value gaps he's talking  
about I can see um I can see the order blocks okay  I can see it but where do I get in it well if I'm  
trying to trade and get short I'm going to use  the lowest prob the lowest probable resistance  
in terms of getting in the trade wordss I'm going  to use the lowest threshold level on a fair value  
Gap that I think is going to hold price down  because I have TR many times to be very very  
very precise with the stuff I understand and know  what the Market's likely to do more times than  
it's not and I've watched my limit orders should  it prints the price that should have given me a  
fill but it doesn't do it and it runs the other  direction and to me as a 20-year-old that used  
to really make me angry because it made me like  you know come on this is like I took it personal  
I literally took it personal and I'm assuming  you know like in this live stream you have to  
assume that they're just simply not going to let  you have it especially if you're if you're right  
a lot if you're right a lot you're standing out  there's going to be a lot of other people that  
doing that's doing well but they have an issue  with just you I'm not saying you I'm talking  
about me specifically they can they can't stop  all of you but if they stop me that discourages  
anybody from trying to follow me or the logic that  I teach see the difference so take out the king  
I'm not saying I'm the king but take out the king  and the pawns will fall so if I share my stop loss  
orders if I share my ideas of where I'm actually  going to try to get into a trade I'm actually  
creating liquidity and even a larger Bullseye so  I try to do things in a manner where I don't want  
to draw too much attention to it but you can see  all the logic is still here but entering on the  
inefficiency over here extending it through what  is it what is this right here what is that right  
there this inefficiency what is it what kind of  classification is that well for for folks that  
think they understand fair value gaps and whatnot  they think when it trades up there it's going to  
sell off not if you don't have the information  I'm teaching you because what are we expecting  
we're expecting these relative equal highs to be  taken in as much as these levels up here traded to  
go back and listen to the lectures last week if  you're if you're watching this one and didn't  
watch the last last week's lecture or skipped or  didn't really listen to any of the things I said  
and you just watched and maybe were bored  to death and turned off the thing because  
you think it's not of any interest go back and  really go through it and listen to it and take
notes Scout's over there snoring  you'll probably hear her it is a
reclaimed fair value got meaning that see  when the narrative and the time are not in  
an agreement even though it trades back up to  these inefficiencies you're thinking just like  
everybody thought a down Clos candle every single  time a down Clos candle's touched the Market's  
going to go up that's what everybody over on baby  Pips thought when I was first teaching about the  
idea of my order block and because they tried to  do those types of things and assumed that okay  
it's going to go up it's going to go down based  on these candlesticks that ICT was talking about  
and when they failed in their own hands because  they didn't understand the narrative they didn't  
understand the logic and how to actually use them  they run away and say well it doesn't work and  
then you have a lot of people that are doing that  and you have new people coming in and they have  
an interest and say I hear a lot about this guy  named ICT and these smart money Concepts and they  
start seeing other people's opinions and because  they're lazy they'll take those opinions and say  
well you know they're saying they lost money it  doesn't work so therefore I'm going to avoid that  
because I don't want to be prudent and actually  do the investigation myself and try to use it in  
my own hands and see if there's any valid use to  this information so therefore that's why you get  
the the the stigma that's around me but then  for the people that actually go through the  
process of learning it doing the right way and  spending time in their own charts weighing out  
the rules and things I've taught I did give  guidance but the problem is I've warned you  
ahead of time it's going to take you a whole lot  more time that you wanted to take and then when  
you start spending that time and you really make  good use of that time journaling and seeing the  
examples of what it looks like you will see that  the times that in your own hands that will fail as  
long as you understand the correct narrative and  you're understanding the elements of time when  
these things should happen you'll see that they  work a lot more than they'll fail in your hands  
meaning that there's an edge there and with  experience you'll start saying okay well if  
if I see where it didn't work in my hands here  here here here what was I doing those days or  
those instances that I was unaware of seeing  when it was not likely to pan out for me and  
then that's experience that I can't encapsulate  in a book I can't encapsulate that in a lecture  
there are things that are going to be much more  useful to you because I don't know where your  
shortcomings are in reading the information is in  price I don't know that and you can tell me in an  
email and I have lots of people try to do that and  they want me to fix their their their hangup and  
I don't know all the things that you're feeling  and what you're thinking what you're fearful of  
what you're excited about what your motivation  is all of those things are going to be impactful  
for you either taking the trade or not taking  the trade and you're trying to rush through all  
those discoveries about yourself and that's the  under that's the undermining that that's going to  
happen in your development but you're going to  fault something else or me or or something you  
know something out outside yourself is going  to be the external factor for why you didn't  
find success and to me that's unfortunate because  that's the that's the prevailing mindset of most  
people today old and young because they're lazy  and I know you don't like hearing that you think  
I'm being condescending but it's the truth because  you're not hearing me when I tell you you're going  
to have to do this for months okay months and  you should be demoing okay for a minimum of 6  
months before you ever trade with a real account  ever because you don't know enough about yourself  
you don't know what these tools are going to do in  your own hands some of you may have a wild run of  
just everything's working out good and you don't  have the lessons that come through hardship that  
are going to come eventually and then you have to  discover how to grind through that and refer back  
to when it was working in your hands don't throw  the baby out with the bath water and that's what  
everybody wants to do they want to find the next  hot thing I am the hot thing okay because this is  
the market this is what the Market's going to  do every day every week the problem is there's  
going to be times where the deck is stacked it's  stacked the deck is stacked mid game against even  
me that's manual intervention in other words you  ever been to casino you ever been at the casino  
and you're playing Blackjack and the dealer and  and you maybe couple other people are playing  
and you just got a good hot run and all of a  sudden you're making money or someone at the  
table's making money and then they'll come out  and they'll change the shoe okay the shoe is that  
little box they have multiple decks in okay that  deck or those those Decks that is a stack okay  
it's designed to run out a certain favor of odds  in The house's hand the casino's hand knowing how  
to count cards gives you an advantage it doesn't  tell tell you every order of that that shoe of  
of cards it just gives you an advantage of how  many cards are left in that shoe but if they know  
because they have the eye in the sky that means  there's people up there watching there's cameras  
watching if they know there's a man or woman at a  table that constantly is just cleaning up they're  
going to come out and they're going to change  the shoe they're not running out of cards but  
they're bringing a new shoe there which messes  up your count you have if you're a car counter  
if you're smart you're getting up you're casting  your chips and you're going home and you're going  
to go to another casino and you won't come back to  that one for months because now they they they're  
on to you okay these tells these little things  where it tells you in the marketplace that you  
are not likely to have the advantage right now  something been changed okay if you watch the  
movie The Matrix when they see a Deja Vu moment  that means there's a glitch in The Matrix right  
something has changed according to the script in  that movie well the same thing in price action if  
you see something that upsets what is normal are  you going to go in and just say I'm not going to  
pay attention to that it's it's not a warning to  me I'm going to I'm better than this I'll overcome  
it that's what I did when I was 20 now because  I know I've been doing it a long time I know how  
I can hurt myself I can hurt myself in this so to  prevent myself from being overly emotional or too  
psychologically committed to the outcome needing  it to be in my favor for the sake of being right  
these are all things I had to wrestle with I had  to create protocols and say okay where were my  
losing trades where were the times where I blew  my account where were the things that caused me  
to go into a tail spin and I couldn't find the  rhythm of getting back into finding a series  
of winning trades again I had you you find that  by keeping a journal and being honest in it but  
not beating yourself up but it was easy for me to  see where I was hurting myself because when I was  
journaling initially as a 20-year-old all of those  journals were highly toxic and directed towards  
myself as a failure so it'd be very easy for me  to highlight what I was thinking and most of it  
was relationship and I didn't like where I was  working at and it's probably for some of you that  
that's the the very Central tenant of why you're  overdoing it you're pushing too hard because you  
want to get out of that uncomfortable State this  is the stuff that nobody wants to hear about  
because it's a reminder that these things exist  in your personal life too and you're like this  
has nothing to do like I didn't ask to come and  listen to the do Phil okay I want to hear how to  
trade but you don't realize until you go through  it that those are the things that are going to be  
impactful and resistance to you being successful  because you're you're going to tap into them  
subconsciously and by having rules about knowing  when I'm not going to trade again I'm not going to  
go back in even if the market does this or that  because I know the economic calendar tomorrow  
and Tuesday I'm sorry Wednesday Tuesday and  Wednesday have such a huge weight of volatility  
in the in the offing it's going to happen tomorrow  guaranteed we're gonna have lots of movement on  
Tuesday lots of movement on Wednesday and a lot of  folks are sitting back and they're going to wait  
for those reports they're going to pass and then  they'll start putting money in the marketplace or  
taking money out in in respect to whatever the  market does as a response to those data points  
but if you don't have rules and protocols in place  that you know this is what you're trying to do and  
this is what you're trying to avoid you're going  to be aimless like a like a like a cell booat out  
there without a Rudder wherever the wind blows you  and are you in control of your trading when it's  
like that I can tell you I was not in control of  my trades when I was like that at all and then I  
was always forced to have an emotional response  that was always exaggerated and when I was right  
it was yeah it was super skill and when I was  wrong it was the end of the world and I wanted  
to quit trading I never wanted to do it again  and I had to convince myself by going back and  
look at the times where I did it right and that  encouraged me CU I didn't have a ICT talking to  
me I didn't have these cheerleading sessions or  guidance okay I had a couple videos that I knew  
verbatim and I couldn't couldn't get anything out  of them anymore to keep me going so I had to refer  
back to the times I did it correctly and then also  treating my opportunities where I did it wrong as  
a means of this is my goal to figure out what I  was doing wrong there notice the language I use  
there I didn't say how the market doesn't work  and or the concepts don't work I was being very  
personal about the opportunity of discovering  where I was doing it wrong and in my opinion  
as a mentor I see that a lot I see it in older  students that have not been profitable yet and  
they have those tenants they have those Central  tenants they don't like to hear it because they  
want to be able to say well no it's this it's  that it's you you didn't teach me right or you  
didn't teach me the secret this and secret that  again here I am on YouTube teaching the very  
things that are absolutely going to cause these  markets to do what they're doing based on time and  
price and it's happening again just like every  other lecture series I ever did just like the  
paid mentorship videos I uploaded on the YouTube  channel that stuff doesn't fall out of favor it's  
not going to get stale it's it's the it's what  the Market's going to do but because you have  
so many things like a candy store in front of you  how are you going to use the information I can't  
realistically force you into a mold but I am in  certain aspects because he's my son I'm leaning on  
the authority of being his dad when I say you're  going to trade the morning session knowing full  
well that this will at least give him a Baseline  and then if he wants to change up and go to trade  
in the London session or trading the afternoon  session in in the US he can make that decision  
because he'll have the same protocols that he uses  here just at a different time of day and I'm not  
willing to make changes I don't want to sit up at  London I don't want to do that all over again I  
don't want to do that so since this is you know  second time for him to go through this it's Dad  
saying okay I'm not willing to make changes to my  schedule I'll do it once to show you the logic and  
for all of you that are here wanting to learn and  you have an interest that time of day but you'll  
see that nothing's really changing it's just  you're applying the same concepts of measuring  
time determining where the liquidity is and then  waiting for this disruption and the waters are  
made Jagged or rough wherever it's smooth okay  you're waiting for that jaggedness to come in
and if you look at what has been shown here what  I traded off of is these relative equal highs  
this up closed candle I'm anticipating that as a  bearish order block why because it's going above  
the relative equal highs we had the market  trade lower it went beyond the opening price  
listen folks this is for order block fans okay  my order block does not require the trade below  
the wick if I understand the narrative and this  talk a little bit about narrative this morning  
my interest was being short I wanted to be short  because we had a nice run all last week and we  
really didn't see TGIF on Friday I talked about  it with Caleb I said I believe it could do it it  
could it could potentially have a retracement as  much as 20 to 30% of the weekly range it didn't  
do that they kept pressing in into Friday's  close okay wonderful so how do I trade with  
that information knowing that TGIF did not form  on a Friday Friday if the market didn't retrace  
20 to 30% of previous week's range and if it's up  Clos week if I see that that's likely to happen  
but it doesn't deliver let's say I took a trade  on Friday and I was trying to get short and it  
just didn't Peter it it just it didn't pan out  and it petered out and maybe it caused a losing  
trade or maybe it didn't give me a fill and or it  just didn't give me what I thought was going to  
happen the the end result is what was lacking TGIF  did not Mater materialize and manifest itself on  
a Friday wonderful so fast forward to Monday if  you're going to trade on Monday and this is true  
even if there is CPI PPI on Tuesday and Wednesday  or later in the week you can use this information  
anticipate the likelihood of 20 to 30% of the  previous week's range occurring on Monday's  
trading so it's TG but the the actual retracement  of it is deferred to the following following week  
in this case it's Monday do you need 20% of the  uh weekly previous week's range to be profitable  
no but it's one more little box to check that  probabilities are better in the short than going  
long so then when you start mapping out your your  day 7 o'clock in the morning as I outlined last  
week determine what your initial high for buy side  is and what your initial low is for your sell side  
wait for them to be taken and if you have the  weekly Gap the new week opening Gap and a new  
day opening gaps are below price and you have that  function of determining okay well it could retrace  
into some of previous weeks range you have a lot  of things going in your favor that point to what  
the initial run will offer you a range so that  way you can determine some kind of directional  
bias that bias doesn't have to be the daily range  bias where you're predicting the Clos is above  
below the opening price remember it's session  bias too and you need to be able to determine  
that first Caleb you you need to be focusing  on in the morning session I want to know where  
a run could form that is measurable it's  something that I'm able to participate in  
and it's one-sided okay wonderful if you can  see that we're above the new week opening Gap  
and and we have new day opening gaps below the  market at 7:00 or 8:00 or 9:00 at the opening  
bell then you know the weight of the market  is going to be pressed to the downside so the  
Market's going to discover probe into discount  arrays that's something that's below the market  
price and or seek inefficiencies that are deep  retracements into previous week's range or just  
taking out short-term lows that can be determined  from a 15-minute time frame okay so as the market  
was trading on this Candlestick right here we  opened down here after a down closed candle  
that closed below the opening price of that up  closed candle let me zoom in make sure you can
see so this opening price all I need to do is see  price trade below that and on the time frame I'm  
seeing this Candlestick which is the one minute  chart that closing price right there validates  
this is a bearish order block all I need to do is  trade on an uptick well the next candle we open  
below that open price so I already have that  F here because it could have opened down here  
or it could have opened above it I want to see it  open below this and then trade up where's my fill  
see it at the opening price here's the opening  and there's where it's opening on this candle  
and trades up I'm selling short when the Market's  going up okay stop loss goes to rejection block  
which is the close on the order block so we have a  little bit of heat here not much what's it trading  
to the initial buy side liquidity that's these  relative equal highs goes there too so I know  
I can I can absorb a little bit of heat it's  going to come back and use this information  
back there because there is an algorithm I know  you don't like to hear it but I'm going to prove  
it to you every day and the market trades again  Lower and then we have a gap in here so again  
as I teach you're not using the wick of that  Candlestick right there you're using the body's  
close why because it's different and there's a  separation between the next candle's opening so  
there's a volume imbalance there so you have to  incorporate that with your your measurement of  
your Gap and then by doing that you'll get a  true consequent encouragement level which is  
what you see all these candlesticks touching here  right in here now truth be told this is the part  
where you're going to if you don't like me or if  you're looking for something do the gotcha stuff  
or oh he's lying here I had Piper sitting to the  left of me in my morning room and I had my laptop  
on me and I was trying to draw all this stuff on  here and then I had my cursor sitting right over  
here just like that and I was moving her and her  claws which I have to trim them back on her her  
front paws I didn't get a chance to finish her  last week when we were doing her paws we got her  
back done but she she doesn't like to have it  done so I had to wait well they were stabbing  
into me as she was pouncing on because she don't  want the other puppies to get near me and I know  
this is probably boring you but long story short  because I was pushing her away I I use a mouse  
pad my laptop like I don't have an external M uh  Mouse I it's like a touchpad I prefer them I I  
like them I don't like external Mouse uh I don't  like it it's just the way it is I have to use it  
obviously when I'm using my my screens upstairs  but if I'm talking to you if I'm executing or  
managing something on the laptop um I prefer it I  don't have a a little mouse that's external when I  
pushed her away I ended up touching the the pad  and put me in there and I had to I had to deal  
with it I had to accept it and there's no logic in  here that justifies that fill except for I pushed  
the pad without wanting to do so but the trade  is still viable I know that it's giving me the  
information I want to see is look at the Wix here  it only goes above it by one tick it only goes  
above it by one tick okay wonderful the bodies are  proving to me that we're only really respecting  
the lower half of this Gap see that let me take  that let me take the thing I'll put it right back  
on in a second give me a moment you see see how  the bodies are showing how it's just respecting  
the lower half you want to see my PD arrays and  my inefficiencies and fair value gaps whether  
it be cellid balance bid efficiency or bid balance  cellid efficiency you want to see half of them not  
respected because that in itself is Insight that's  how you know the algorithm is doing exactly what  
you want it to do see when I talk about signatures  and price and what the algorithm is doing what the  
algorithm is doing this and when the algorithm is  doing that it sounds like [ __ ] if you don't want  
to believe there's an algorithm but then when you  start seeing me execute and it's the same logic  
repeating over and over again or I'm calling  individual candlesticks then suddenly you're  
met with argument that you have to contend with  I don't give two shits if you believe there's an  
algorithm I'm enjoying the fact that I'm rubbing  your nose in it but there are times where these  
inefficiencies will come back entirely close in  and still go lower I do not like that I don't  
like to see that in my trades I don't like to see  that in a trade that I'm waiting to see form and  
for instance say I'm trying to um anticipate  this as a return back up into it to go short  
which is what I was wanting to do I really wanted  to execute as it hit this that's what I wanted I  
wanted consequent encouragement I really wanted  that fill but because I'm allowing the dog and I  
talked about this last week when I don't let him  up in my trading office but I'm down here being  
with them otherwise if she's not in the house my  wife and the we only have my youngest living with  
me and my nieces so if they're not here with  her they're going to howl and cry try to get  
my attention and that's going to be distracting  you'll hear them in the background I won't be able  
to mute them because they're going to be howling  because they want to be with me Piper is the one  
that loves me the most and she's trying to get on  my lap and I pushed the the laptop in her away and  
I did and executed one I said crap so that's what  that fill was in in here it was not me trying to  
get into a trade based on any kind of logic it  was just one of those things that happened in  
real life okay it's going to happen to you but  when it does what do you do in the beginning if  
you don't know these things if you don't know how  to trade and hold on to a trade or trust a logic  
as soon as you realize you did something that  you shouldn't have done your best learning curve  
to experience is to close that trade and then see  all right this is how I would still manage it and  
what has it done it completely disarms you you  don't have the weight of it has to be right it  
has to pan out in your favor because now you're  stressing about oh I got into a trade or I part  
I partially pyramided another position size in  this trade idea and now I'm working about this is  
a mistake versus watching what is price doing okay  so the signature is is you want to see the upper  
half when you're looking at a Cy or a inversion  fair value Gap that should act as resistance  
or if you are using a reclaimed fair value Gap  that's a premium array a premium array you want  
to see the upper half of the inefficiencies or  gaps you want to see them leave that open that's  
how you know the algorithm is respecting number  one the PD array and it's also telling you that  
you're going to see a measurable displacement in  your favor now right away you should be getting  
this warm and fuzzy moment goinging over you right  now because that's the stuff that's the stuff that  
I never wanted to teach that's the stuff that is  not printing in price so it's not in it's not in  
your Candlestick you want to see the things that  are not in the candlesticks materialize that means  
where there's an inefficiency okay how do I know  when certain gaps are not going to fill oh I go  
into everyone that I'm referring to to with a hope  that they're not going to fill because that's the  
algorithmic signature that I want to see in that  now if it goes up and trades to the top of it then  
I need to see an immediate response and rejection  there and then it has to displace and I won't  
touch it until it gives us another fair value  gap on that time frame or in this case is one  
minute chart it has to be 15 seconds 30 seconds  something to that effect and then I'll I'll use a  
fair value gap on that time frame because I've  already missed the rejection but I waited and  
looked for it at the top of the fair value app  and once it starts at displ lower then I'll just  
get into a lower time frame and get in sync with  it and it's fine I ain't worried about it that's  
the price delivery Continuum theory that I was  introducing last week I don't need to be in the  
entries based on the time frames I'm studying if I  miss it because sometimes I'm just being a little  
stubborn and I I'm trying to be very finessing  about the where I'm trying to get in at I'm trying  
to impress either myself or some of you sometimes  I won't get my fill and then I have to go and use  
a a lower time frame to get in sync with it that's  fine it's very forgiving when you know what you're  
looking for but that that was what that was okay  and then I have this inefficiency here which also  
has this what's this Candlestick what's this green  Candlestick right here it is a bearish order block  
just like that one so this opening price did this  candle close below it once it passed through yep  
so that validates that as a bearish order block  so if I can see price create these areas where  
there's an inefficiency and then I can label the  very specific change in the state of delivery  
which is what the opening price is on every order  block then what I'll do is I'm watching I'm not  
doing this physically you should do it when you  start studying price but with these things in mind
when price starts to trade back up into it as it's  trading into it okay I'm going to hammer that as a  
short I'm not going to worry about if it fills me  with slippage at the low of the Gap I'm trying to  
get inside of this order block between its opening  price and it's low but I have to trade it as soon  
as it gets there the first time I don't care how  much heat and time I have once I get in it because  
I know I have the framework of this right here  this Gap and the midpoint of this Candlestick  
which is what mean threshold some of you said  consequent encroachment consequent encroachment is  
a gap okay anytime there's a gap or inefficiency  the midpoint is consequent encroachment if there's  
a specific range that's formed by the order block  singular candle it's mean threshold okay so the  
midpoint of that essentially it's around here  okay so what is it doing it goes right there  
so it goes just outside of the the fair value Gap  but I'm referring to the midpoint of that Gap how  
do you know how to place your stop losses where  they're at ICT when you put those stop losses in  
and you're putting it and it looks like it's  going get real close to it but it never goes  
there it's this type of stuff behind me I'm I'm  I'm measuring all of the potential for the market  
to respect certain levels with this logic and  if it trades just to the top of the fair value  
Gap okay what is it really reaching for it's not  that it has to go back to this it's trading back  
to the order block because that's what starts this  run lower notice that so that takes us through the  
minor cell side liquidity here why is it a minor  cell side because it's a low inside of this low to  
that high when I think it's going to go down here  and I'm aiming down here in this layered cell side  
and if it's going to go there how far could  it go it can go down to the new week opening  
Gap and if it expands through that what's  the next new day opening Gap it's August
9th down here and as I told you my interest in  this is in the mid part of that would I if I was  
still in the trade would I have captured this low  no and then trading down to this low would I held  
on first there no I'm not interested because  I understand what's forming it's making the  
market Jagged down here it's enticing people keep  selling short it's going to keep dropping no it's  
not it's done its work and then it trades down to  last Friday's new day opening G and then shows a  
willingness I want to go higher and then trades  right back over top of all this and here's where  
we're at notice I'm no longer interested if it  trades at that level here why because I have  
rules I have protocols I have understanding and I  know when to stop I need to stop pull the plug and  
the market will still gate someone someone could  very well be long in here great did you understand  
that the market was going to do the selloff here  did you participate in anything going short there  
are you mad about not catching that initial run  see these are all things that you're going to  
have to learn how to cope with and replace it  with instead of toxic thinking like that saying  
okay well these are the things I've done correctly  and this is panning out for me and I'm growing in  
my understanding and I'm making progress it may  be monetary and it may not be monetary initially  
maybe just in your experience you know gaining  each day and the week that you do these things  
the exercise and build in your understanding  or it may be demo profits that you're going to  
use as a means to lean on because when you first  start trading with real money when you take losing  
trades what reference do you have if you haven't  made a a run of profitable trades what what  
experience do you have to lean on to encourage  yourself the demo trading where you did it right  
you you need to find the sugar in it otherwise  it's going to be hard for you to stick with it  
it's so easy to quit this industry very very easy  to quit it there's so many things that's going to  
cause you to second guess yourself doubt it and  just the work ethic that's required is going to  
keep most of you from ever becoming profitable and  it's not because you don't have a good Mentor it's  
not because you don't have Concepts being taught  to you that are useful it's because you aren't  
ready that's really what it is but anyway the uh  the gravitational draw on price are based on the  
lot that I gave you last week so again I I tipped  my hand to you last week in a on a grand level  
every single time I was on Twitter every single  time I am in other people's live streams and I'm  
pointing to specific levels this is the logic I'm  using I said it last week I'm saying it again here  
I am trying to tell you with no uncertain terms  that this is such a huge Advantage some of you  
already know I mean you sent me emails and whatnot  saying this is wild like this like this is really  
like I can see it now right and that's how it  should be but you're still going to do it wrong  
eventually and then you're going to get mad and  you're going to try to do something to fix that  
one day problem that one day error that you caused  in your own hands and then that's going to create  
a toxic response to you being responsive to an  emotional or psychological impact of you doing  
it wrong you don't want to go home with a losing  trade you're going to try to fix it or you got a  
little bit of a draw down or you got in a trade  you didn't take a partial and then you're mad  
because you let it turn back on you and it's a  small loss or the fo loss because you didn't move  
a stop loss and it's going to cause you to want  to do something to fix it and my advice to you  
is don't go home with the loss realize it take it  home sleep on it and feel what it feels like and  
you're going to find out unless the Lord says no  the sun's going to come up tomorrow the markets  
are going to be trading and this stuff will still  be in the charts but something happens where we  
lose all rational thinking and we just go nuts  and they call it tilt where you just completely  
just are out of your mind and you're just trying  to do anything and you don't even know why you're  
getting in a trade and all of a sudden you cause  severe draw down or blow the account or Lo lose  
the funded account or fail the combine I see this  so many times so many individuals out there that  
are in other people's live streams are saying oh  just blew my account again or the live streamers  
themselves are blowing their accounts and they're  showing you new accounts that they just started  
up because they're not consistently voting on  the same ones but there's people flocking to  
them watching that and their only real interest  is is they're going to give out a a discounted  
affiliate link not that they can trade not that  they have any useful information coming out of  
their mouth it's say give us a code give us a a  discount code I'm not going to do that I'm trying  
to give you the how to do this on your own so that  way you don't have to watch anybody live streaming  
and this is no knock against anybody else but  that's why I teach I teach people to be their  
own independent thinker but there's also going to  be a big huge crowd of new people going to watch  
other people doing it I watch other people  do it I don't ever take a trade with another  
live streamer doing something that I think well  that's a good idea I didn't see that coming let  
me let me join in and do their trade I don't do  that I'm never doing that I'm there looking for  
their crowd their cheerleaders in the in the  chat window I want to see their response and  
if it's diametrically opposed to the things I'm  teaching you here well guess what that means it's  
Candy Land it's literally like walking over to a  candy I mean walking over to a baby and taking the  
candy out of its hand I know they're going to cry  I know they're going to squeal and whine and say  
you're a jerk ICT you called it right and I lost  money so now I'm going to troll you I'm going to  
do this I'm going to do that and when they watch  other people they don't necessarily have to be my  
stuff but other people that had the balls The Moxy  to stand out there and tell the world what they're  
doing and trade and push the button in front  of other people I got a lot of respect for that  
but they get trolled they get trolled for doing  something the people that are trolling them can't  
do or would never do and they're miserable but I  love that because that proves that I'm going to  
get an emotional sentiment reading by that group  of people and when they have trolls in their  
comment section and other people are biting back  at those trolls and they're saying the Market's  
going to go here the Market's going to what did  they do they emotionally wagered they've committed  
themselves so I'm I'm literally teaching you how  I use other live streamers chat window and my my  
point in telling you this is start looking at it  when when it does these types of things when you  
start seeing it okay it's the perfect sentiment  indicator when people are showing you their hand  
and it's emotionally driven and it's a lot  of emojis or it's very very pointed language  
against someone or the market they're telling you  you that they are completely letting go of the  
steering wheel closing their eyes and flooring  the gas pedal and if they're saying that the  
Market's going to go up and I'm anticipating  it going down and that criteria is there and  
it's it's it's uncanny they're doing that right  when it's trading into a fair value Gap or it's  
trading right above a short-term high that should  be upsetting Bops and they're bullish I'm going  
long I'm long now I'm I'm long 15 contracts they  telling you they're traded with a funded account  
they not passed the funded account yet and they're  trying to make it all in that one trade perfect  
perfect that is the perfect scenario for ICT  as a sentiment indicator because now I'm going
short but everything I'm doing behind the scenes  is what I've been teaching you last week my son  
Caleb sits here and watches me do this okay and  I'll say it's it's going to do this it's going  
to do that it's going to hit this candle and  he's like man like it's literally doing every  
right I don't know why you're surprised um your  dad's ICT right and when I watch other people and  
they're just staring at the charts they don't know  what they're looking for and they're talking and  
they're talking and they're talking when there's  opportunities there's really opportunities right  
there and then when I'm in their chat and I say  you note this buy side or note this sell side I've  
literally told you where the Market's going to  go and you can use any retail logic entry pattern  
after that to get in sync with it and write it up  there or write it down there that that's that's  
what I'm doing but what was I doing to come to  those conclusions what I taught last week and what  
you saw here today now when I when I get stopped  out and you watched me get stopped out in profit  
there was not a loss is it I wasn't able to stay  on the trade the entire entire run do go back in  
and rush and get mad try to get back no I don't  need to save face I don't need to fix a problem  
there's no problem I understand that the mechanics  on a day like today ahead of CPI and PPI numbers  
back toback Tuesday and Wednesday it's a Monday I  didn't have TGIF deliver on Friday okay then it's  
going to be deferred it's going to retrace  back into the range during Monday's trading  
especially if we open up at 7:00 in the morning  here and we punch above the marketplace to upset
what relative equal highs  here where was that formed in
London so I know that it's probable that it's  going to go up there it doesn't need to all it  
needed to do was trade above these relative  equal highs because that's what formed after  
7 o'clock in the morning just like I taught  last week the rules are not morphing I'm not  
changing I'm not cherry-picking  anything everything is the same  
thing every single day and that's exactly what  your trading has to be if you're trying to  
change settings and you're optimizing [ __ ]  because you know you got you're trying to  
look good in front of other people if you're  constantly optimizing you have substandard
[ __ ] I it's 7 o'clock folks you know 7 o'clock  isn't changing when it's 7 o'clock it does when  
you go to different time frames or time zones  in the world but I've already told everybody  
calibrate everybody's calendar everyone's  clock everyone's charts have to be ICT time  
it's the same ICT time it's the same ICT [ __ ]  Channel everything's going to be the same thing  
every single day you're not trying to reinvent  the wheel you're not trying to make it better  
you're not trying to optimize you're not trying  to change settings there's no [ __ ] settings  
do you understand the the the value in that at 7  o'cl you're going to delineate that as a marking  
point and then you're going to wait for relative  equal highs and relative equal lows is isn't that  
[ __ ] delicious isn't that delicious that it's  not going to hide from you they cannot hide it  
from you how are they going to keep 7 o'cl from  hiding from they're they're somehow going to hide  
7 o'clock like you can't look at the [ __ ] time  on your watch that set to New York local time like  
you're somehow gonna just forget that 7 o'clock is  on the on the front of the the face of the clock  
they can't hide that then what are you waiting for  you're waiting for relative equal highs and lows  
to form and you're waiting for them to be breathed  and here's the thing if they have the market in a
premium oh you were talking about that in  Winship videos Michael could you peel back  
that onion a little bit more sure sure I can  last week I told you if we're in the time of  
day 7 o'clock 8:00 and 9 in there you're  looking for relative equal highs to form  
if listen if we're above new week opening Gap  and clustering of new day opening gaps all of  
last week's new day opening gaps where  are they in proximity to where we are
here where are they where's price in relationship  to this week's new week opening that at 7 o'clock  
we're above it the previous new week's opening G  we above it so the algorithm is going to do what  
it's going to seek fair value in a discount  so how can it mathematically and use time go  
back to a random [ __ ] point unless it has a  very specific reach to time date day of week  
week of month month of year and where are these  inefficiencies when time of trading begins and
ends oh my oh my that's delicious  isn't it my dogs like it hang on I  
think it's probably Amazon give me one second here
I got to tell you I'll be honest with you  really I enjoy these live streams because  
I don't have to go back back and edit  anything and I'm really loving this new  
ICT where I'm not worried about you know all  the little quirky things that used to bother
me so anyway when we have these uh these  signatures I outlined last week and we  
start at predetermined price times price  times times of the day which are what I gave  
you last week we're measuring we're waiting  what are you waiting for ICT at 7 o'cl what  
are we looking for well you're  looking for a directional run okay
and if we are starting at 7 o'clock here and we  have the new week opening gap for this particular  
week of trading which forms on August 11th  Sunday's opening price relative to Friday's  
closing price if we're above that that's one  checkbox that is likely to displace and move and  
deliver sell size delivery that means it's going  to enter a sell program it means it's going to  
drop the price is going to have a sustained price  run lower it's further likely to occur if you have  
new day opening gaps clustering below where price  starts at 7 o'clock well you have your Friday new  
day opening Gap and all the ones below it and  you have last week's previous new week opening  
gap down here see that so the likely the draw down  into these levels wonderful so now you have the  
first elements to building your understanding of  bias so you're not looking to go long even if the  
market Springs higher and takes off and has this  a real huge Dynamic price run I'm not thinking  
I'm probably wrong I'm waiting for that to fizzle  and and run out which is going to occur above old  
highs that formed after 7 o'cl so I'm waiting for  relative equal highs to form and then I'm waiting  
for price to pierce above it when that happens  I'm not afraid I'm literally high on goofballs  
I'm looking for the opportunity to see the price  go below it and it does right there that validates  
that as a bearish order block not because it  traded above London's High that's not it it's  
it's not it it ran stops above London's high so  now someone's going to call it the [ __ ] what  
they call the fu candle it's an Institutional  candle you [ __ ] clowns there's no such thing  
as an Institutional candle okay you [ __ ] multi  multi-level marketing [ __ ] you Liars man you are  
[ __ ] Liars come out here and call every [ __ ]  candle like I do do that then you'll have then  
you'll prove that you have something hindsight  [ __ ] relative equal highs okay it goes above  
that and then shows me it proves to me that this  change in the state of delivery that opening price  
on that candle I want to be at that price or  between the low that candle's wick on that  
candle anywhere near that's my sweet spot that's  where I'm trying to trade but my risk has to be  
defined as much as the midpoint or mean threshold  of that order block it does not need to be up
here man this is some good [ __ ] I see damn this  is good yes I'm cooking out all week come back I  
got some good [ __ ] coming but that opening price  that's my entry on that candle I don't have them  
up here do sorry I'm sitting here acting like  you can see the prices again here's the opening  
price and that's the fill okay that's the logic  being used and then in here that's this human  
error pushing the button and I was looking at  Piper thinking man you're messing up a perfect  
illustration today but I love her anyway and then  the market trades with this fair value Gap and  
we have this order block as well so the opening  price on an up closed candle when the market is  
in a sell program that means there's going to  be sell side delivery that means the Market's  
going to be in a protracted delivery lower it's  moving lower it's going down for a specific reason  
for inefficiencies that are in a discount and or  sell stops which is sells side liquidity so what  
does that mean I want to be selling short when  the market returns into any inefficiency or up  
at the the butt end of an upclose candle because  that's a bearish order block okay so we have this  
Candlestick right there you see that look at that  Phil what's it doing I'm going to use the lowest  
threshold entry the easy one the one I know I'm  going to get I'm not going to worry about not  
getting it because of a limit order not filling  what is it it's the low of that fair value gap on  
that Cy right there right here this Candlestick  right there defined by this candlestick's High I  
want to use that candlestick's high I'm  using that as my point of reference to  
get into the trade knowing full well that this  Candlestick right here is a bearish order block  
but I have to afford myself the likelihood of  it touching this fair value Gap again notice  
that so am I going to adjust the stop loss  because this Fair B Gap formed and I went in  
here and added more am I going to roll the stop  loss aggressively because it's it's afforded me  
another entry no and when I add to it here am I  going to trade and aggressively lower my stop loss  
simply because I went into a trade no I have  to then wait for the market to roll out of this  
after it's proven it's it's doing what I wanted  to do the bodies are being kept at the high of  
that fair value Gap right there and essentially  the midpoint of this order block which is mean  
threshold so first time hearing this if you're  a first-time viewer right away this is [ __ ] to  
you and you're going looking for overball oversold  indicators and moving averages that's what you're  
looking for you're looking for a signal service  and I want you to leave because I have no interest  
in dealing with people that are like that I want  to broom you quickly okay when I teach I'm going  
to filter out the chaff because if you really  want to learn how to do this you're taking notes  
you're listening and you're listening for logic  that repeats and you're going to [ __ ] hear me  
say this at nauseum it's going to repeat a lot  you repeat yourself so much go [ __ ] yourself  
comment boy because I'm teaching I want to prove  that what I'm doing is a repeating logic it's a  
repeating logic that you have to have ingrained  in your understanding and when you're watching  
price because if it's not part of your intellect  if it's not part of your bacular if it's not part  
of your daily technical vocabulary then you're  going to [ __ ] fail aren't you but guess what  
if I'm constantly bloviating on about how this  is this is what it is and this is what it isn't  
this is what it is and this is what it isn't and  it's never changing it's never morphing in than  
something new then it's scientifically proven  nine out of 10 doctors will [ __ ] approve that  
IC he's got his [ __ ] together and it's going to  repeat so therefore you have no excuse not to be  
doing this stuff and observing it and logging it  and looking for these signatures to be in price  
action that's the experience that you're lacking  that's what overcomes the fear and the anxiety  
and the worrisome thoughts that you're thinking  you're thinking the algorithm is going to stop  
working because here I am I'm teaching it live  in front of everybody and now more people are  
going to learn it and they're going to change the  algorithm no they're not they're not okay they're  
not because this is the science of how price is  booked so if this is what price is going to do  
are they going to be able to change time 7 o'clock  8 never going to come no it's always going to be  
there London session is always going to be there  the New York sessions am's going to be there the  
PM session in New York's going to be there and you  saw last week how to deal with the Asian sessions  
if you want to trade that time of day you may  do it wrong but they're not changing [ __ ] okay  
so anyway as um as I was watching price action  I mentioned how because these were relatively  
equal what is it those are relative equal  Highs at 9:00 if I had not taken a trade  
say I was not in a trade say I didn't have  one and I wasn't stopped out prematurely in  
gain in profit this is your 9:00 setup right  here isn't that your relative equal highs  
isn't this price run from here up up to there  opposing where you think price May draw to or  
I was taking your attention here and I told you  the new week opening Gap last week that's where  
it's going to draw to any clustering of new day  opening gaps that's your Friday new day opening
Gap these
are the word escapes me these are qualifying  factors that put probability so far in your favor  
and it was taught to you in advance last week  and the same logic is working here again we're  
not trying to predict the closing price here folks  we're just trading a session run something that's  
going to yield you something that is clear it's  one-sided it's going to be very pronounced in  
price it's it's it's not going to be something  that oh it looks like it could have ran but it's  
hard to tell there no it's definitely a run  it's definitely a protraction in price it's  
one directional and it goes to a level that can  be predetermined it's not random okay this type  
of lesson I would have man I would have given  anything if someone knew this and was willing to  
teach it to me when I was first starting because I  would be all over these charts studying annotating  
and putting all these things in a journal every  single day and adhering to these rules and I  
would be so much better the trader and person and  I wouldn't have all the the mental baggage I have  
that I put myself it was self-inflicted but you  have all the advantages of having this information  
now and going forward studying it and learning  how to better yourself and avoid all of the [ __ ]  
nonsense that's out here there's so many things  being told to you that this is what the Market's  
going to do this is what makes the market go up  this is a technique this is a pattern this is  
some horseshit this some algo this is some kind  of a u indicator take the [ __ ] indicators off  
your chart every single one of them and if that  makes you mad and you watch me or if you like me  
and it offends you get over it man because you're  you're literally lying to yourself when you're  
saying that that indicator has any bearing on what  prices is doing it has absolutely [ __ ] all to do  
with what price is going to do it does nothing  it's literally doing nothing it's calculating  
and compressing mathematically old moves that you  can't do [ __ ] about but what am I teaching you  
this is the time when the Market's going to  run this is how the move set up they engineer  
liquidity then they run the liquidity that's the  manipulation when you see that manipulation guess  
guess guess what that means the other side of  the marketplace is now it tag [ __ ] you're it  
it's going to go other direction and some of  you are still going to say this is complicated  
it's not complicated it literally is the easiest  [ __ ] there's nothing else that can be easier  
than this literally I mean how many times again  every time this does this I'm going to show you  
again how many times you need to see this before  you start taking it serious and say I'm going to  
start journaling and start looking for this stuff  in Old moves and collecting data that way I'm  
building pseudo experience that will be used going  forward when I walk test forward everything that's  
that's not realized in price delivery yet that  means you're walking forward with the hard right  
Edge you don't know what price is going to do next  so you're looking at the chart like this you don't  
know what it's going to do so what do you lean on  a lot of you just want to go to live streamers and  
just listen what they're doing and if it if they  think it's going to go up you wait for it to move  
30 handles if they even hold a trade that long and  then once it starts doing it it's it's usually the  
big bold green candle or bullish candle then  you'll go in and buy because it you know it's  
got five more handles to run and then it starts  squeezing against you 17 handles and you get out  
and but then goes right where you thought it was  going to go or the live streamer hinted that but  
never took the trade to get there and that's the  cycle that I watch always panning out it's just  
it's just it's crazy how it this does it over and  over and over again but to break that cycle and to  
prevent yourself from going through those types of  things you have to have some kind of Baseline you  
have to have something you're going to start doing  and measuring and then not only what is price  
doing when it's behaving a certain way but how you  feel how you're feeling when when the market does  
certain things do you get it real excited when  you get in front of the charts and you anticipate  
something happening and it starts moving in your  favor notice are you getting really emotional and  
and and like Adrenaline Rush that you're right  and are you focus on the feeling of you being  
right at the moment because that's a problem you  cannot invite the warm and fuzzies until you close  
the idea it means it goes to terminus where  you would no longer be in a trade and you have  
stages of your development before you even get to  that part even with a demo like we're just talking  
about the fundamentals of determining what price  is going to do and why it should do it that's the  
that's the important the why I'm telling you  when I'm telling you how but I'm telling you  
the why it's going to do it that proves there's a  [ __ ] algorithm because if I'm pulling [ __ ] out  
of my ass like some people like to go around the  internet and pretend that's what it is how is it  
that I'm sitting out here and I'm telling you  beforehand where it's going to go look at the  
live streamers on on YouTube predominantly most  of them and I like lots of them and I have an  
affinity for a few of them but most of them they  don't know where price is going they're reacting  
off of something that forms at a later time they  don't they really don't know where it's drive  
driving to and I've counseled one in particular to  watch these lectures to help them so while I'm not  
mentioning their name per se they understand what  I'm saying right now and who I'm talking to if you  
start to implement these ideas your trades will  grow exponentially in terms of the yield in terms  
of how much you're getting out of it the Precision  elements will increase and the comfort of you  
being in the trade and not being so skittish about  okay I don't like this I'm getting out I I rarely  
have that at in my 20s I was a basket case I'm  watching quot Trek you know watching charts go up  
and down just by price and I I didn't have charts  we just watched the data the highest high and the  
lowest low and where it's at right now how many  contracts have traded that's it that's what you  
had so because of that experience I learned how  to read the tape without realizing knowing that  
that's what I was doing and every time the high of  the day would be breached and they would back off  
on the bond market or back off on British pound  futures or back off on Silver contracts or crew  
oil or whatever I was trading at the time you live  cattle lean Hogs whatever it was I was trading I  
wasn't aware that I was learning how the market  will constantly keep pressing into liquidity I  
just felt that okay um it's going to be a blastoff  move because we just broke the high of the day  
no not realizing that there could be deeper  retracements around elements of time because  
anytime the market moved above a certain level  cuz I only want to be a buyer then when I first  
started I thought that now it broke out it's going  to keep going higher and I would be frustrated  
that we would have retracements and because I  didn't know how far it would retrace I didn't  
understand where the fair bag gaps were when  I first started doing this I didn't understand  
where the buy side IM balance consequent cro would  be I didn't know where the short-term lows would  
be that they would go down there to sweep them and  then start running higher and create a new Bight  
about selfs efficiency and that's the one that you  want to try to go long in in the upper half of it  
and that's a model right there I didn't I didn't  know those things initially I didn't I didn't have  
that understanding I didn't have the Insight  experience seeing it executing on it I didn't  
have that these are all things I had to grow  through and through prayer and just helping you  
know myself through personal counseling which was  and you hear I I'm I'm swinging from one Spectrum  
to the next imagine being the the person that's  going to coach you but also tears yourself down  
and you're the person also that just ran into the  tree with that account recklessly driving you know  
the next trade before you should have taken it it  was it was crazy like it was literally insane and  
how I arrived you if it wasn't God helping me  I would have never arrived at my understanding  
of how these markets do this but I had to have  some kind of foundation and I'm providing that  
for all of you and and you're not entitled to  it okay I'm not obligated to tell this to you  
but I I just know that even when I'm done with  this whenever that end is I don't know what it's  
going to be but uh no matter what happens with  Caleb he could be wildly successful he could be  
modestly successful you know if he just gets half  his monthly bills I'm tickled to death by that if  
he can just make his monthly expense of where he  lives all his bills paid car insurance all those  
things he has to pay out of that of his wages I  don't give him money for that so it's a motivation  
for him to to do better and everything's expensive  but all of these foundational points here this is  
my best for him okay this is my best I'm not  holding back because you're all watching I  
am proving to you that this [ __ ] is the real  deal it's the real thing it's exactly what's  
going on in the marketplace and I even told you  this is exactly what I use when I'm in other  
people's live stream and I'm calling it and many  times it's against what they're saying and it's  
not to be rude it's just for me to go and say hey  I support this live streamer I've never talk bad  
about him but I'm also there sharing and I'm not  doing it where okay well they're long I'm going to  
go short because I'm going to say here's the sell  site I'm just saying this is what I see and the  
people that follow me and understand me they know  right away what I'm doing okay he's saying that  
it's this is the sell side level he's talking  about so whatever the Market's doing right now  
he's going to be looking to go up into some kind  of Premium aray that means go through the time  
frames now you know 155 1 go through it and you'll  see the fair value gaps the inversion fair value  
gaps the order blocks as I'm talking about here  today reading price like this Caleb you're not  
trying I'm not trying to sway your your interest  to to an order block I'm just showing you how when  
you're bearish and the market is in sell side  delivery that means it's in a Cell program it's  
going lower up closed candles should be used as  a means of staving off any advance higher but not  
every up closed candle is going to perform like  that it'll go back up into inefficiencies it may  
touch the inefficiency again why because there's  a measure of time that's afforded to it to do that  
so if we know that at 9:30 that's like we're at  the game now you know this is it it's the big  
game because the opening bell is in 30 minutes so  at at 9:30 right here there as soon as that Bell  
opens or sorry as soon as the opening bell happens  and the Market's technically quote unquote open  
it's been trading but that's what they call the  day session what has it done well at that moment  
it's created these relative equal highs and has  these relative equal highs and that Gap right  
there so it can return back into it now I could  have very easily moved my stop higher but I don't  
do that because I'm committed to this is what  I see in price if it stops me out I'll stop out  
with a gain it's not taking things from me it's  just removing me off the bus before the bus goes  
where I was originally on the bus to go to which  is down in here down in here and down in here I  
was showing you where the limit order was I wanted  to get out down here but I was going to change  
that and you've seen me do this and I know when I  talk like this it's very easy for people with no  
character or just they're just little dick energy  boys okay they'll say oh you're saying that and  
hind I I literally do this all the time I show you  what I'm interested in but if it starts to really  
move I'll take the limit order expand it Beyond  and then I'll start taking single partials off  
when it gets the levels I like just go watch my  examples on Twitter and on my YouTube channel like  
when I do those things I'm using predom the logic  I'm showing you here okay so this is how you start  
learning how to read where price is going to go  because as I said on baby Pips that's your first  
lesson you have to know where the Market's going  to go if you don't do your initial work there  
anything and everything that you do is wasted time  and I can't stress that enough Caleb if you try to  
do anything more than try to figure out where the  Market's going to gravitate to and when you don't  
see it like it's if it's not obvious based on what  I'm showing just in last week's lecture and today  
if you don't see that in price don't hold an  opinion don't try to form one because the only  
thing you'll do is you're going to try to arm  wrestle and develop your will and it'll be many  
times contrarian and I I had to wrestle myself  out of a contrarian perspective I mean I there's  
certain times where I look for it to be beneficial  for me as a Trader I let my personality which is  
what I was talking about here and every other  time I talk about other people's live streams  
the ones that have a live chat open and they allow  other people to to talk I am diametrically opposed  
to the sentiment of whatever they're saying if  the things I'm teaching are technically there  
in price at the time I'm looking for them those  are my best trades those are the times where I'm  
absolutely in stunner mode I'm I'm I I got no  problem going out in public and saying this is  
where it's going and look how look at the history  on Twitter tens of thousands of you would be in  
my live stream or whatever CH space listening  and I'm calling every single individual one  
minute candle and where it went to and then you  watch my examples of of recorded trades and then  
I'm out here live streaming now giving you the  logic of how I do it and it's still panning out  
and you're still going to worry about there is  no algorithm or it's going to stop working or I'm  
making up stuff you you're you're worried about  all the wrong things instead of just learning how  
to do it yourself you don't have to be a fan of  me I don't want fans I want students that learn  
how to do this and they tell me I've been able  to take care of my family I've been able to take  
care of my family and I thank you so much for that  and I say in response give praise to God that's it  
because I want the invitation to redirect it right  back to him that's it I don't want to be worshiped  
I'm not the guru I'm not the you know the goat I'm  not the greatest of all time but I don't ever want  
to move my Stop open once I reduce it and I'm  content with getting stopped out if I am if I  
moved it too prematurely I'm going to eat it it is  what it is it's just I'm going to live with it and  
if it's conducive for me to enter again and it's  not today because we have big news tomorrow and  
frankly I'm not interested and it's good for  you to see me trade and see me get stopped out  
and still deliver where I said I was going to  go because that's going to happen to you do I  
sound regretful no do I feel like I gota go out  and try to save face no because everything I'm  
teaching and taught last week is in your chart  it's happening every day and they're not going  
to stop doing it because there's a whole lot of  people out there even listening to me they're not  
going to do it they're not going to do it folks  they're not going to stick to the rules they're  
never going to trade with real money because  they're afraid so there's no there's no concern  
there either they're never going to pass their  funded account challenge because they don't have  
all the the the wherewithal to be personally  responsible they're going to overtrade they're  
going to over leverage even understanding this  they're still going to break the rules that's  
why I have students from 2016 that still aren't  profitable not all of them are like that but I do  
have students from my very first paid mentorship  that can't find their way through this and the  
ones that are honest they've been very candid  with me they say these are the same repeating  
things I keep doing and I can't stop I can't help  them they have to make the decision they know what  
those things are so they have to figure out what  those triggering mechanisms are that cause them to  
keep doing that repeated phenomenon that they know  is going to give them an adverse response it's not  
going to get them the results that they're looking  for so they keep doing it over and over again  
expecting a different result and that's where the  frustrations coming from and for an educator it's  
very frustrating for me because I I'm at at the  I'm at the end of my ability to help them because  
now it's all in their hands clearly the things I'm  telling you are there in the chart it's happening  
every single day the problem is you're either not  able to identify because you haven't spent enough  
time practicing and logging and then watching  price deliver real time looking for these things  
to repeat yes if I was told that that had to do  that at 20 years old again that would have sucked  
but after I blew a number of accounts I would have  been really interested in trying to do it I know  
that because I have the tenacity to do it I I it's  in my makeup to do it I didn't want to go into  
this and and except not knowing how to read price  I went in wanting to know everything about it I  
wanted to know everything that is there for me to  Tak advantage of everybody else's perspective and  
be superior to that was my goal I wasn't trying  to be the best Trader in the world I wanted to be  
the guy that knew exactly what's going to happen  and for some of you that just like you know that  
can't happen and there are days where I I get it  wrong but that's my that's my desire that's my  
that's always been my goal and the way that these  these Concepts you know that I've had to create a  
language for so that way you can see what it is  that's behind the scenes that I can't teach you  
these are the closest things that get me to that  point and truth be told I am not satisfied with  
it because I know know there's some way that  I could probably explain it differently and it  
would open up your understanding a lot better  based on what I've already shown that keeps
repeating but even in even knowing that I don't  know how to do that it's very frustrating so  
I had to you know be content with what I've  done because I know I have students that do  
really really well and if it was something that  wasn't really there they wouldn't be doing well  
they they wouldn't make money they wouldn't  have the the the accolades that they can prove  
you in front of the world that this is what  they've learned and now they put it to work  
and they're making money lots of money you know  they don't work their job they have their own  
little business now doing their thing and to me  that's awesome but you have to have some kind
of personal responsibility going into this and  not just look for well it's going to be easy or  
I'm just going to say he sucks and he's a fraud  and the stuff doesn't work well first of all you  
can't say the stuff doesn't work and you can't  say that it isn't precise and you can't say that  
it doesn't have the ability to call the Market  before it happens I mean look at these levels  
look look at behaves around these levels and why  it does what it does when it does it see these  
are all questions I asked myself initially as a  20-year-old I'm like I don't know why price did  
that when it did I didn't see that move there's no  way stop there's no way for me to determine that  
move starting when it started like there's no way  for me to have arrived at that and then I would go  
in and say okay what was occurring then what did  Price look like then what did every one of these  
open high low closed bars because that's what I  was using back then not candlesticks my eyes were  
better than they are today and I would stare at  them and make annotations and a lot of things I  
thought initially were Catalyst for white did I  soon found out that they had nothing to do with  
it and I would search indicators and see which  one of the indicators would do a better job of  
determining that it was going to go up or go down  and I wasted so much time with all that stuff and  
it really I'm telling you listen sit sit still  for a minute okay because I'm about to close this
video I want you to spend the least amount of  time learning how to do this I really do I want  
you to be able to do this and have no fear I want  you to be able do this and know beyond the Shadow  
of Doubt even if you make a mistake today or  tomorrow or the next day that you trade that  
that loss doesn't undermine your desire to do  this and your confidence in trusting it that's  
what I want for you I love you son and I know  that you can do this I know you can but you're  
going to have to sit down and go through this  and it's going to be daunting it's going to  
feel like you're not learning anything it's  going to feel like it ain't clicking for you  
but it's going to happen if you keep pressing  into it you'll see it you'll be able to see  
exactly what dad's telling you it's going to do  this and do that we were doing it last was it uh
Sunday we were watching
it not not not uh what was it Friday
when you see these things repeat you'll be able to  do the same thing that was doing this Candlestick  
is going to go right up here it's going to stop  right here and then immediately that next candle  
or the candle right after that one on a one  minute chart you'll be able to determine the  
magnitude the the speed and where it's going  to run right to and it's going to feel like  
a mutant superpower and it gives you confidence  and in your age because you're still in your 20s  
you could potentially become an arrogant prick  like I was because when you're 20 years old you  
already think your [ __ ] doesn't stink and you  walk around and peacock about the smallest of  
little things because you want other people to  recognize you and give you an that a boy but  
it'll impress dad more if you quell that and you  just learn how to just be consistent and not be  
arrogant not be arrogant to your brothers if you  get good at because they're going to look at you  
and they're going to pattern themselves after what  you're doing and I want to see you learn how to  
do this well and not be arrogant and not try to  talk down to anybody when you start making lots  
of money I don't want to see that I want to see  you do well and Be steady Edy you're not trying  
to be talking to anybody in a condescending  tone not to not to act like you're better  
than everybody else because you're going to want  to do that sometimes and that's not going to be  
what people see in you and they're they're not  going to look at you and say wow look at that the  
other 20-year-olds are going to want to be like  you if you did that because they feel the same  
impulse they want to be significant and they think  acting like that will yield them significance or  
clout and I'm trying to tell you as a fdy Dutty  old guy I did all that stuff and I not proud of  
it and if you find your way in success with this  stuff and you want to teach everything that you  
know that I'm holding back for you getting this  Foundation if you want to give it to the world  
that's entirely up to you I won't say no because  once I give it to you it's yours but you have the  
ability to determine that but if you're not  properly rooted in decency and modesty and  
not being arrogant you you won't be prepared for  it I'll hold it back from you if you if you show  
those signatures and your character but if you  use this and you do well with it and you show  
that you're not being arrogant or egotistical  or just trying to be better than everybody  
else believe me you're going to try it because  it's going to feel like you arrived it's going  
to feel like you are are Superstar and therefore  you're you deserve to be treated as a celebrity  
don't try to be a celebrity make your money  live well let everybody else think whatever  
they want to think about you it doesn't change  it doesn't reduce it doesn't increase it but your  
concern about everybody else's opinion about  you will be a personal reflection on you and  
you'll care more about that stuff than just  the things that you're supposed to be doing
watching this thing just  Cascade lower and lower and
lower what a beautiful Drop did  something happen I don't have any  
news wires in front of me because I'm just  on my laptop wondering that uh something  
just happened there I mean technically we've  went back to the level I already outlined to
you well I said what I wanted to say today  and I I showed you the logic working you  
saw me get stopped out knocking out at like um  trailed stop loss so it's not a loss um when I  
showed uh how all these Concepts work and I  talk about how the Market's going to behave  
and it does it on Twitter I had always people  asking me all the time can you show a losing  
trade can you just do it wrong once in a while  and I'll be honest with you the 20-year-old me  
loved seeing that the 20-year-old in me loved  reading comments like that and I would Snicker  
and I'd smile and I'd look at my wife I'd look  at my sons and say look at this and that was  
just me just nodding to the younger man and  me saying that's what you want to see all the
time but if I do it if I show you it's real it's  organic like today and I'm telling you when I'm  
interested in going back in and when I'm not  so what does it mean for tomorrow then I'm  
going to close it obviously we have the 8:30 news  drivers on Tuesday and Wednesday they're going to  
absolutely be Bonkers it's going to be nuts I'm  not trying to predict the market ahead of that  
um you've seen on Twitter and wherever else I've  tried to do it before I've done my streams where  
I thought where was going to go to and it would go  the other direction which is fine because I'm not  
trying to trade ahead of the CPI I'm not trying  to trade ahead of the PPI number uh they're face  
rippers they're literally decapitate you if you're  wrong and it's unforgiving so what we are doing  
is we're going to start our session at uh 9:15  tomorrow and on Wednesday and Thursday and Friday  
so I'll give you my pre-market view I'll go right  into that I'll talk about the levels I'll have  
them on my charts that way it's already done and  I can just point to them okay I I don't want to  
draw them out because it's a little too tedious I  did that last week so we can see it how it's done  
but they'll already be on the chart populated so  then when the stream starts I'll say okay good  
morning whatever you and then point to this this  is what I'm looking at this is interesting to me  
this is where my focus is and I want to see if  it does this or that then therefore I would be  
looking for price to go here or there as a result  of that okay so the rest of the week you'll see  
how I'm really looking at price and formulating an  idea around bias maybe talk about you know how the  
market May behave in specific profiles not that  you need to know how to do that right now Caleb  
it's not even really essential at all really um  because all you're looking for is a run from a a  
a a stop hunt that is engineered based around time  then price then it goes to an area of inefficiency  
drawing to a new week opening Gap and or a  clustering of new day open or new week opening  
Gap or a clustering of new day opening gaps so  it's this very very Bland not sexy not terribly  
exciting rule-based idea of determining where the  Market's likely to go to and why it's the same  
logic I taught you last week it's the same Jour  idea I taught when I was teaching liquidity but  
I'm giving you a much more refined right to the  point even though there's a whole lot of other  
stuff in here because I'm talking to my son and  if you don't like go [ __ ] yourself the idea is  
that you want to strip it down to the Chrome where  is it going why should it go there and how can I  
know when it's going to start doing it and what is  the beginning of that move well you're looking for  
the market to open up at your time when you're  going to sit down in front of the charts and if  
price is above new week opening Gap clustering of  new day opening gaps the market will tend to seek  
those old reference points then if you're going  to be looking for it to go lower you want to see  
relative equal highs form and then Pierce them and  then once it rejects that all you have to do is  
get on board with a fair value Gap institutional  orderflow entry drill a bearish breaker  
a bearish order block a bearish mitigation block  inversion fair value Gap that used to be viewed  
as maybe something that would have been bullish  but now once it trades below it if it trades back  
up into it see how fast it easily becomes usable  the language now suddenly means something instead  
of just talking like an ICT student or smt uh no  not SMC smart money Concepts Trader you understand  
what that stuff means not just using buzzwords  and you know what you're looking for and by  
having that that understanding that repeats in the  processes that you go through following specific  
protocols you'll learn by experience where your  best setups for your personal risk and appetite  
for leveraging anything in here in terms of  real money there's no shortcuts to it son I  
promise you if there was I would be giving it to  you and you'd already be using it but this this  
is the first part that everybody has to do you  have to do this part and it's a it's a sped up  
Advanced perspective on on the things I've already  taught but this is the shortest route through it  
there's no there's nothing I can do to shorten  this learning curve with what I'm showing you  
here and for some of you that are listening from  the outside and you think that this is too hard  
too too daunting for you I am not the mentor  for you and it's okay you don't have to you know  
insult me on the way out you just never have to  come back here again don't waste your time if if  
if what I'm showing you here doesn't resonate with  you and you can't see this is what the Market's  
doing and how it's behaving don't watch anything  from me don't even watch anybody else that talks  
about my stuff because they're not going to make  it any easier for you I promise you they will  
not explain this they had no understanding what I  gave last week at all all zero not one of my paid  
mentorship students knew what I was teaching last  week you heard all the same terms but you did not  
get it laid out like that ever by me and none  of them were teaching like that so you're all  
in the same playing field right now it's all been  evenly distributed to all of you at the same time  
don't try to skip ahead and don't try to be better  faster than you should be you're not even supposed  
to be taking trades right now but the logic is  is it gravitating away from these things at the  
same time is it occurring at when we should see  it happen the backdrop behind the trade when it  
went to this level here piercing above just these  little short-term highs after 7 o'cl formed all  
that logic that's the repeating phenomenons that  you're going to get real comfortable with and  
that means that you know what you're looking  for how many times have you spent looking at  
the chart thinking damn I wish my dad could just  tell me how to read this easier like all it looks  
like a foreign language like I I used to look at  charts and it would just bleed together in the in  
the open high little closed bars you ever stare  and all a sudden it goes to a blur and you like  
almost like a double vision like crossing your  eyes I would be like that two hours before going  
to work and I have been up all night long and  I have to drive for a living back then and it  
felt like a language I was never going to learn  I know what that feels like but eventually doing  
these things you're going to start seeing it  like sheep music I know you not have played  
an instrument you can read Sheep music to me I  don't know what the hell that is okay just so  
you guys know my son played the trombone in school  he was in marching band and my oldest son Cody he  
used to play the saxophone and Cameron played the  drums and Kaden didn't play any instruments but uh  
they had the ability of reading sheet music and  I I can't like I cannot read it I've tried it  
just I don't know what it is if something says no  you are not going to pass so I I have I have an  
understanding what it's like for people when they  see me talk about what price is going to do and to  
the degree it does it I understand it seems like  something you can't do but I'm confident son I'm  
absolutely confident that everything I taught  you last week and what's in this today and the  
the reinforcement ideas I'm giving you here that's  all you need and the rest is you just practicing  
it and studying it and collecting the information  I promise you you will have the ability to do what  
you see me doing here it doesn't mean you know  how to buy and sell and pyramid and every entry  
that that that's all that this is not that's not  important but being able to read where price is  
going to go that is your first mutant power all of  you listening that's your first goal to get good  
at that because everything after that point is  easy you'll anticipate fair value gaps when it's  
when you're likely to see it Go lower just simply  wait for it to form on the chart and that's what  
forward walk testing is walking forward testing  delivery of price where you're not pressing any  
buttons you're just tape reading you're going  to watch them form and say okay it's it's going  
to drive up into that fair value Gap and then I  want to see the upper half of it stay open and  
then when it does okay now it's going to drop  hard and you keep doing this every single day  
week after week for months and then what will  happen is you get really comfortable doing it and  
then that's your invitation to start doing demo  trades but before you get consistently able to  
be able to see what price is doing and anticipate  the formation of the fair value Gap waiting for  
it to be there and then anticipating it trading  up into it or down into it when it's going to  
go higher until you get to that point where  you can anticipate that forming you shouldn't  
even be thinking about a demo you shouldn't even  have a demo available to you it should be just  
watching price not worrying about nothing and when  it's boring and it keeps repeating you have to get  
to that point when it's boring to you watching  price action and you can see what it's doing how  
it's behaving it's measurable it should not go  past this point therefore what you're saying is  
without saying so with the demo account is a stop  loss just outside that boundry point should not  
be traded to so the trade should still be open if  you were in a demo or if you're in a live account  
and you're teaching yourself and desensitizing  yourself to the fluctuations when you're looking  
at the chart without this information or not  knowing how to trade with another methodology  
I'm not I mean I have to say this because I know  when I say certain things like this it sounds very  
condescending to like nobody else makes money but  ict's uh Traders no but if you're consistently  
making money you're following something that you  spent time with you you know it intimately these  
are the things that repeat this is what it usually  does do and I trust it so therefore I'm willing to  
put risk behind it when you get to this point  of knowing had to anticipate the setups that  
it's going to create relative equal highs because  the new week opening Gap and the new day opening  
gaps are below price at 7 o'clock so I know at 7  o'clock I'm waiting for a relative equal High to  
form right away contrast that with you not knowing  what price is doing or anything nobody thinks like  
that except for our community and it's something  that we anticipate and we're sitting there waiting  
for it to form guess what that gives you patience  it overcomes fear it manages anxiety because you  
know what you're looking for and you know why  you're waiting for it because if it can create  
relative equal highs then you're going to wait for  it to come back up to it and Pierce it and it does  
it there and then from that point you want to see  every premium array that means anything that I ICT  
could use to get into a short idea which one makes  the most sense to you and that's your initial  
model that's the one you practice with and it may  morph into something different it may be you know  
it may not be fair value G for Caleb he may end up  becoming you know an order Bo Traer it's something  
else you know but I'm forcing him to that way  he has a foundation because I don't know how  
to address questions with him or direct him and I  don't have the ability and I don't have the time  
to do this for everybody and I know some of you  are sending me stuff and you're emailing me these  
long really long emails and I'm sure there are  some really nice things being said in there but  
you're asking me to have this one-on-one coaching  typ type thing with you I'm not doing that so  
please don't be offended by it but I have no time  or interest in doing that you're getting the best  
of the best because I'm sharing it with my son and  you you're you're getting an experience that I had  
no interest in having with anybody else so just be  content with that you clearly see it works I mean  
it works I that's you want this kind of stuff you  want to be able to see the things that supposedly  
the person you paid or bought a course from or a  software package or whatever if it doesn't work  
you you'll see right away it doesn't work but on  the other side of the coin is if it works and it  
works really really well and its logic is so sound  that it's scary like this is information that the  
general populist they don't think like this the  Aver Traders don't think like this and that's why  
it's hard for them to listen to someone like me  and yeah I make it entertaining for myself to be  
the prick the condescending prick when when it's  entertainment value only because I knew how to  
draw a crowd that's the that's the purpose of it  I want people to talk I don't need to advertise  
because if I say all the right things and push  buttons they'll talk and then it calls people's  
attention to my channel and then they'll come here  and then I'm giving them that litmus test see if  
it's real and see if it's not if it doesn't if  it doesn't work and appear in your charts then  
it ain't real right and that means that you  don't have to ever come back and do anything  
with me but I love converting people and I love  it when they're coming at me as someone that is  
adversarial initially and I have lots of students  like that it's much more satisfying doing that if  
I can convert them and they came here to either  insult me or try to say this that and I think  
there no algorithm doesn't work and all of a  sudden they're they're finding that it works  
and they're like dude like just I was there I  was just like the rest of you that talk [ __ ]  
about him but I can't say that now because I'm  making bread I'm I'm living on it now I love that  
that's how I scratch my ego I get off on that that  really gets my rocks off so I it's an art managing  
expectations leading people enough to make them  want to talk about me and then that creates  
traffic and I never had to advertise because  I know how to instill in interest that will  
cause other people to draw other people to this  channel it's simple as that and if I advertised it  
would have been worse it would it would have been  really blown up but I don't need to do that but  
you'll get to this point where you know exactly  what you're doing when you're going to do it and  
when you don't want to do it and you're not going  to have any regret when you do or don't because  
you're content being content as a Trader is such  an elusive thing and you think making lots of  
money should equate to being content and it won't  it won't be like that that doesn't lots of money  
being made doesn't make you content lots of money  generally is a result of you chasing lots of money  
being content with making plenty and not needing  to try to worry about other people's opinion of  
how well they how hold an opinion of you Caleb  is the wrong direction there's lots of people out  
there that can't wait to see you be ICT 2.0 I am  looking for you to do the things I wish I could go  
back in time and not have done and I wish I could  change about me I want to have that kind of impact  
on you in your development I want you to be humble  when you make a lot of money call no attention to  
it call no attention to it because other people  in their learning they're going to be inspired by  
that but there's a whole lot of other individuals  that are going to see you and they're going to  
hate you because they're not going to learn it  as fast as you might learn it or if you take  
longer because it could happen if you struggle a  little bit longer than both of us think it's going  
to take for you to do this that's going to be a  reassurance to some of them and they're going to  
be like you know I'm glad that he didn't go right  into this because if you if you take off and you  
start doing really well invariably they're going  to say it's me doing everything and since you want  
to do this and share every every aspect of it you  they're going to see that it ain't me when you  
when you share your your feedback when we're doing  our weekend reviews and or talking about what your  
observations were and what you thought was going  to happen and it didn't happen that way I expect  
you to be really candid about it and say look you  know this is what I thought and it was you maybe  
discouraging I want you initially to say where you  thought it was going to happen and it happened and  
I want you to share how it felt and then we're  going to move away from that happy good feel good  
you know warm fuzzy stuff because that needs to be  outside of your trading the Deep anxiety and fear  
and worry that can't be part of it and the Elation  of just being high and you can't do anything wrong  
you got to keep that out of it too but in the  beginning you want that more than anything because  
that means it's successful that means you're doing  everything right and I'm telling you it's normal  
for you to feel that but you can't have that as  a steady diet because it will constantly be the  
goal and that's not the goal the goal is to be  indifferent when you can get up and say I know  
I can go out there and find the next move I  know I can participate in it but I don't have
to but I'm choosing to sit down in front of chice  because this is what I anticipate it doing because  
this is what my back testing my journaling my  dad's taught me and it works like swis time piece  
precision and I have to get myself acclimated  to that precision and develop a synchronicity  
to that Precision because you are not going to  beat the market ever son that's never going to  
happen the only thing you can aspire to do is  get in sync with it you're not beating the market  
you're not beating Dad okay you're just getting  in sync with the market and that's all you need  
you just need pieces of the week from Sunday's  open to Friday's close where everything is just  
right for you then sit down follow the rules dad's  teaching engage with it and when it gives you what  
you're looking for be content turn the charts  off that's exactly what I'm looking for if if  
you do that son I will be the happiest most  proudest Dad I've ever been because I know  
that that will yield the interest with your  brothers and then they're what are they going  
to do they're going to try to pattern thems  off of you and that will send me over the
moon I'm not expecting you to be an Olympic feat  Trader I'm not expecting you to do any Crazy Town  
stuff I just want you to do just enough and you'll  see as soon as you start making what you make it  
your job and how fast it can be done over the  course of a week with very little effort then  
your mind will shift to thinking wow if I'm  only doing this much and I'm not emotionally  
driven to do more what happens when I allow  money management to do all the heavy lifting  
and then your account starts to Parlay and parlay  and parlay and you're not doing any more effort  
than you did when you developed your own model  you're not doing any more heavy lifting you're  
just doing the same minuscule amount but the  management of your money and the equity that  
it supports will do all the heavy lifting and  you're never doing any more in terms of greater  
than 1% risk you're never going to assume a trade  that has more than 1% risk you're not going to try  
to trade every session you're not trying to trade  more than one time a day and if you take a loss  
you're done and that's that's your model it's  not I'm going to go back in and make it you're  
done those were the things I should have done  when I was 20 if I would have done that my life  
would be so much better if I would have done  that instead of trying to be Mr Wonderful Mr
everything I put myself through stuff and caused  all kinds of mental Scar Tissue chasing Perfection  
chasing more money trying to outo everybody else  when I had enough I had enough to do exceptionally  
well and never need to do anything else but I kept  tinkering and tinkering and tinkering and then I  
took away from the real reasons why I was wanting  the trade is I wanted to live comfortably I didn't  
want anybody tell me when I had to go to work  when I can take a vacation and whatnot and you're  
feeling that right now when Mom and Dad just say  we're out here we're getting up either get on the  
road and get on with the RV or if we just run a  car because I don't drive my personal car and I go  
away um we can do that anytime we want and that's  one of the things that my kids tell me all the  
time I want to live like you Dad okay this is how  you can get there but it isn't going to be fast it  
isn't going to be easy in the beginning but once  you understand these rules once you understand  
what it is that you're trying to replicate every  time you do this you're going to see it's the  
same stuff and some days you'll think you see it a  certain way and it won't pan out that way and the  
outcome will be adverse it won't be a good thing  but it doesn't mean it changes anything it doesn't  
mean no longer works or you know you're not going  to be successful it just means okay stop if you  
have one bad result and you're limited to only one  exposure to to the outcome good or bad for that  
day and you stop you can't be mad you never are  going to have an anxiety attack you're never going  
to be panicked about getting it back right away  because this is the normal procedure if I take a  
losing trade I have to stop that prevents you from  going into tilt that prevents you from getting  
greedy it prevents you from being fearful of not  knowing what to do because you feel like you got  
to get it back and you tried it again you lost  again now you made a little loss now bigger you'll  
never want to overtrade you'll never need to over  leverage it's be it becomes your job you when you  
go to work you're not trying to do more than what  your supervisor is asking you to do nobody does  
nobody works like that and your trading needs to  be the same way you need to simply just look at  
it and say well this is this is what I expect the  Market's going to do and I see this potentially  
being there as a setup and if I take it and I lose  okay no problem I'm going to turn the computer off  
I'm not going to give myself any toxic fuel to  just worry myself into uh anxiety or grief about  
it and I'll try it again tomorrow I'll log it  tonight when the Market's done and it's over it's  
it it's painless it's literally painless that's a  systematic approach of controlling fear and greed  
but I have a lot of students that hear me say that  and they know that that would work and that would  
have worked for them if they could stick to it  the problem is social media invites it ICT live  
streaming now invites more of an interest in doing  stuff and it's hard to say I'm not going to look  
at the charts or trade anymore especially if you  have a losing trade because you feel like you got  
to fix it and you don't need to fix it you need  to feel what it feels like to go home with it and  
then over the course of a month and see how that  one or two or maybe five losing trades over the  
course of a month has absolutely no real effect on  what you're doing and Direction you're going but  
you can't appreciate that just because I said it  like anything else when you were growing up if I  
told you don't do this you were the first one out  of all the kids well Dad said not to do it soon as  
Dad turns around I'm gonna do I'm gonna do that  so I know it's it's it's an inherent nature in  
anyone but of all my kids you've had that in you  so I'm telling you this is the best way way that  
you should go about it and it's for your benefit  to do it and as a default I would be very very  
proud if you are able to do it this way because  that means you're going to be better than me and  
I really want that son I want you to be better  than me in every aspect and if you listen to me  
you will be and I can't wait to see it but that's  it for this one I'm going to close it and I guess  
we'll be back at it again tomorrow at 9:15 Lord  willing and until I'll talk to you then be safe