ICT Forex Price Action Lesson - IPDA Vs. Wyckoff Theory

Summary

Highlights

• ICT distinguishes their methods from Wyckoff Theory, asserting a unique approach focused on institutional trading. 🌐
• The creator emphasizes that their teachings are not retail theories and offer precise predictions of market moves. 🎯
• ICT claims their trading approach reveals a scripted market movement controlled by an interbank algorithm. 🔍
• The lesson includes challenges to skeptics to prove ICT's methods existed in any texts prior to 1996 for $100,000. 💰
• The creator warns against rebranded content and encourages understanding the original ICT teachings for accurate learning. ✔️

Key Takeaways

• ICT's trading methods focus on institutional order flow and interbank price delivery, not Wyckoff Theory. 🤓
• Markets are not moved by supply and demand or buying and selling pressure but by a pre-set algorithm. 🌀
• ICT claims their methods produce precise market predictions that match central bank plans. ⚡
• The techniques ICT teaches are said to not exist in books prior to 1996 and are considered unique. 📚
• The Inner Circle Trader emphasizes learning directly from their resources rather than other rebranded content. 🚀

Overview

Chapters

• 00:00 - 00:30: Introduction to ICT Forex Price Action This chapter introduces the concepts of institutional order flow, smart money, and interbank price delivery in the context of Forex trading. The speaker, an experienced educator, mentions a specific pattern known as the market maker sell model, which is a concept they've been teaching for a long time and is targeted at new students who might not be familiar with it.
• 00:30 - 05:30: Contrasting ICT with Wyckoff Theory The chapter discusses the differences between ICT (Inner Circle Trader) strategies and Wyckoff Theory, as used in trading. It emphasizes the unique approach of the author's trading methods compared to the more conventional retail strategies, specifically those related to Wyckoff. The aim is to highlight the conceptual differences in market pricing interpretations.
• 05:30 - 10:00: ICT's Unique Concepts and Theories The chapter discusses unique concepts and theories related to ICT, specifically focusing on terms like consolidation, re-accumulation, smart money reversal, low risk sell, and redistribution. The speaker emphasizes that these ideas are original to him, addressing feedback from individuals who may be unaware of their origin.
• 10:00 - 15:00: Fractals, Patterns, and Market Models The chapter discusses the appropriation and misrepresentation of fractal patterns and market models, often attributed to Wyckoff theory. The speaker critiques YouTube channels and videos for distorting these concepts and falsely aligning them with Wyckoff's markup and markdown phases. They emphasize that certain elements in these patterns are omitted or altered when incorrectly associated with Wyckoff theory. The intent is to reclaim the original concepts and clarify the distinctions.
• 15:00 - 20:00: Central Banks and Market Manipulation The chapter discusses an essential and iconic image used as a teaching tool on market manipulation and central banks. This particular lesson builds on concepts previously shared by the author through various platforms, including free tutorials on Baby Pips and YouTube. The chapter serves as a reminder of crucial elements in understanding the manipulation strategies employed by central banks. The author reinforces these key learning points which are fundamental in his teachings, suggesting that these insights are valuable and memorable for anyone studying the subject.
• 20:00 - 28:50: Rebuttal to Critics and Claims The chapter titled 'Rebuttal to Critics and Claims' addresses concerns and criticisms about the teaching methods of ICT, specifically regarding the perceived renaming of Wyckoff principles. The speaker emphasizes that the goal is to provide insights and 'nuggets' that offer a unique perspective on price analysis, which are detailed extensively in their YouTube content.
• 28:50 - 36:30: ICT's Authenticity and Teaching Methods The chapter 'ICT's Authenticity and Teaching Methods' discusses the widespread dissemination and influence of ICT's educational content. The speaker notes that while their channel offers unique insights not found elsewhere, their teachings are gradually being adopted by other platforms due to the extensive reach and considerable student base — 59,000 formal students at the time of the recording. This widespread adoption is contributing to the viral spread of their methods globally, underscoring the authenticity and efficacy of the content.
• 36:30 - 45:00: Reflections on Trading Journey and Success In this chapter, the focus is on a trader reflecting on their journey and success in the trading world. The transcript indicates that the individual has been teaching concepts related to smart money and institutional trading since the mid-1990s, such as market maker concepts, breakers, and order blocks. The speaker has been sharing this knowledge openly and building a subscriber base since 1995.
• 45:00 - 52:30: Warnings and Legal Considerations The chapter discusses the beginnings of the author's trading journey. He started trading at the age of 16 and opened his first account in November 1992. After a poor initial experience where he lost 50% of his original position, he got scared and closed the account. However, he resumed trading more formally later on with new concepts learned from Larry Williams, which helped him to rebuild his trading strategies.
• 52:30 - 62:00: Acknowledging Influences and Mentors The chapter discusses the author's journey of understanding their career goals and acknowledges the luck involved in being in a favorable market during 1993. The author admits to initially struggling with the concept of short selling. The lesson aims to convey how the author learned to trust and understand short selling, attributing the learning process to a concept referred to as 'fractal.'
• 62:00 - 64:30: Closing Remarks: Validation and Guidance This chapter focuses on recognizing and interpreting trading patterns across different time frames. It highlights how a particular pattern begins at a certain point, reaches a peak, and then declines. This swing pattern is observed across multiple time frames and can be seen on charts such as hourly charts, which may encompass moves lasting 10 to 15 units of time. The chapter underscores the importance of identifying these patterns for effective trading.

ICT Forex Price Action Lesson - IPDA Vs. Wyckoff Theory Transcription

• 00:00 - 00:30 how do folks welcome back this is a price action lesson on institutional order flow and smart money concepts and interbank price delivery all right so before we get into this a lot of you new students may not be aware of this particular pattern this is something i've been teaching for a very long time and it is my market maker cell model
• 00:30 - 01:00 now the point of this discussion tonight is just to draw the strong contrast between what it is that i do and trade with versus things that come from the retail universe specifically white golf so if you look at this specific fractal this is a conceptual view of how a market pricing occurs from an original
• 01:00 - 01:30 consolidation re-accumulation smart money reversal low risk cell redistribution clearing the original consolidation okay so all of this right here this is an original idea that's mine okay so a lot of you new folks probably are already probably getting sick and tired of hearing me say this is mine and this is mine the reason why i'm doing that is because there's a lot of feedback i'm getting that you don't see through email a lot of folks are making
• 01:30 - 02:00 youtube channels and videos stating nonsense and reteaching my concepts but renaming them and trying to use the protective umbrella of white golf and we're going to show that my content is not like off if you just look at this fractal here this is not the markup and markdown phase of like off okay there are specific elements in here that are not disclosed or talked about or even mentioned in white golf theory all right so i'm going to take this idea
• 02:00 - 02:30 this premise okay and just kind of remember this image now you're welcome to screen capture this and put it in your notebook and print it out everyone knows about this because i've taught this even back when i was on baby pips so it was in free tutorials it's mentioned throughout the youtube channel in various places it's a hallmark to me so there are elements that i'm going to cover in this lesson tonight that will help
• 02:30 - 03:00 you eliminate the concern that you may have heard or read about whereas ict namely me inner circle trader just teaches wyckoff renaming things and like i said that's the number one premise to this video plus i'm going to give you some nuggets and things that helps you see things that are maybe not available to you when you look at price now but i teach these things in great detail many of them i teach in this youtube
• 03:00 - 03:30 channel for free so just know that if you spend time at this channel you're going to learn things that aren't everywhere else now they're starting to populate other youtube channels and other websites because i'm training a lot and when i say a lot at the time of this recording i have 59 000 students they're formal students so it goes without saying with that level of student base if something's as good as my stuff is it's going to spread globally and it is it's becoming viral
• 03:30 - 04:00 everywhere you know smart money this institutional trading that you know breakers order blocks all that stuff it's based on the things that i've been teaching openly since 2010 now i've been training people since 1996 1995 i started marketing myself and started building a subscriber base then but i was teaching market maker concepts officially in 1996
• 04:00 - 04:30 my trading began and learning really began when i was 16. my first account opened up in november of 1992 and i blew out the first trade and you guys knew that it was 50 of my original position was taken away and i got scared and closed the account then i started again more formally trading with new concepts and things that i learned from larry williams and started building up
• 04:30 - 05:00 a little bit a better understanding of what it is i wanted to do and i got lucky in 1993 and had a long stretch of luck that just simply was all attributed to being in a market that was predisposed to go up and i just couldn't really understand short selling this lesson is going to help you understand how i learned to trust going short because it's in this fractal okay when i say fractal it's a
• 05:00 - 05:30 pattern this point is where it starts where it trades up to as its highest point and then you see the move going lower this entire move this swing it occurs on all time frames and it's replicated on multiple time frames so when you see this pattern this could be an hourly chart where it takes maybe 10 15
• 05:30 - 06:00 individual hourly candles to make this original consolidation then you have a few candles that go up and then it consolidates again it may be well whatever this would have been this would be approximately about half of that not that that has any major on the underlying pattern but the the time frame that you're looking at all this idea or theory is applicable to all time frames and there's a reverse of this fractal which is the market maker buy model now what makes this a cell
• 06:00 - 06:30 model when markets are in consolidation what's occurring is there's a buildup of sentiment now the sentiment may not be strong enough at the time so the algorithm that delivers price and we're going to talk a little bit about that tonight too it waits for enough of open interest in the marketplace and once that open interest becomes obvious it's usually on the opposite side
• 06:30 - 07:00 so you would see many times opportunities where traders would be expected to go short or there would be a lot of expectation to go lower and the market would eventually run outside of that and many times you'll see that this pattern really starts with the expectation the market wants to go lower in the retail universe in other words the average retail trader will see this area in here and the price before it leading to some idea that would be bearish and if they're bearish their stops are going to be placed right above here
• 07:00 - 07:30 and the original run is to those individuals so their buy stops are taken but the market doesn't go there and then trade lower it goes there and then consolidates and allows traders to build up more sentiment what this period right here is it lols in large fund traders now large fund traders are the counterparty to the central banks on the trading end in other words there are global commerce there's transactions
• 07:30 - 08:00 that are facilitated through the foreign exchange market but the speculative side the counterparty that is provided for the large funds is the central banks themselves many times so they'll offer that liquidity and assume the risk that risk is being used as a position that will be later profitable because the central banks have a very deep pocket they don't
• 08:00 - 08:30 they're not concerned about how far this is going to go because how far this rally is going to go up is predetermined now again that's unsettling when you hear that it sounds like there's no way that this is like that but it is it absolutely is and i can give you a plethora of proof examples and i call it before it happens and so if it wasn't true you have a greater problem in trying to explain how it is that i know what's going on because i can tell you right now it's not like off it's not supply and demand it's not
• 08:30 - 09:00 elliott weave it's not harmonic patterns okay i'm very controversial as an individual because i'm not going to sugarcoat anything folks i'm not going to sit here and hold your hand and pretend that all this retail stuff and indicators are going to help you i'm going to tell you short and sweet that it is going to harm you and it's going to stunt your growth if you have been using those things and you've been profitable i can assure you once you study my content you're going to see really why those trades were profitable it just so happens that those indicators were flashing that particular
• 09:00 - 09:30 view at the time but i don't have a whole lot of things moving around that would give me a view that would be opposing many times and if i have opposing views in my analysis that to me is uncertainty and i'm going to sit on my hands and wait i'm waiting for more information more clarity so the price will be able to reveal itself or tip its hand so so to speak so that way i feel comfortable with the next trade i'm going to take so in short
• 09:30 - 10:00 the idea is we want to anticipate a run from an original consolidation which is over here and once this starts to run up your eye needs to go right below these lows because right below these lows that's sell side liquidity this cell side liquidity is going to be targeted later on but it's for the central banks to be profitable okay they're not going to give this opportunity you openly not going to make it available in books and it's not covered in white golf okay so why am i so
• 10:00 - 10:30 hard up on the wyckoff group okay because if you're a white golf student and you've been trading maybe you're profitable this lesson actually might be a little bit more beneficial to you if you're new and you're reading or hearing other people either directly or indirectly stating that i am re-inventing okay like off you're going to be corrected tonight okay and i'm doing that because we had this problem on baby pips years
• 10:30 - 11:00 ago people were saying oh well he's strolling supply and demand zones and it's not supplying demand zones as you're going to see tonight also it's a very specific criteria that leads to probabilities and it's highly specific it's not conjecture it's not contrived but it has to start from a premise that leads to the market in a consolidation that sends price higher because all this move right in here this move from the original consolidation up to
• 11:00 - 11:30 the smart money reversal and what's a smart money reversal that's a level that should offer strong selling or at least an intermediate term resistance and this might be a retracement down that is part of a larger up move so don't think that this is a a topping formation in its entirety because it's not i use this pattern on both sides of the marketplace and sometimes i've done it in the same day
• 11:30 - 12:00 it's not limited to that but you do have to understand what you're doing with it just because you can see this and maybe find the example of it in my teachings or find an example in hindsight it's not the same thing as you being able to see it forecast it and anticipate it trade it both directions up and then short it and go down but the premise is this you're taught and you hear other people on youtube you hear other people on courses and such they'll say the buying
• 12:00 - 12:30 pressure that led to this move up here they'll say smart money bought all this driving price up as soon as you hear that get out of there stop listening to those people because that's not how the markets work buying pressure is not what causes these runs higher it's repricing that's it now i want you to think a little bit because you have to take your time with this lesson you probably have to watch it a few times too but if price is consolidating like this and
• 12:30 - 13:00 i promise we're going to go to a real price chart at the moment but if markets are in a consolidation and you we can look at the market as a potential short-term bullishness that leads to a sell later on now there's two camps in this environment one that will say okay i'm going to be a buyer and it's going to go up to that level and that's their trade completely and utterly done with the market after that other traders can sit here and say okay i don't know if it's going to go up to that level here
• 13:00 - 13:30 but if it does i want to sell short and their trade would be shorting here down to this level here now when you understand how the market delivers and books price you can work from this level here to here and then from here to here then here here here to here here to here that's a dynamic market efficient trader i mean they know what they're doing that's going to take decades to get like that and that's why i say when you see examples of me trading both
• 13:30 - 14:00 sides of the range buying long and going short in the same day multiple times you need to know a lot of stuff and i have not revealed those things not in mentorship or anything and you don't need to trade that way you only need to understand one piece of this overall fractal pattern in other words it might be from here to here and the idea of this area here breaking down that would be a stop out so you would hold a trade until it eventually stops you out and that's how you catch a big runner
• 14:00 - 14:30 you don't try to capture the top because you don't know where that may be in your analysis at your level of understanding so the idea would be to buy here and use this area here if you get to that point get stopped out that would be your trade so there's lots of different ways to use this fractal and many of them i haven't even taught yet but the general principle is you start the consolidation it's going to go up to a specific point that leads to selling and it goes lower but i really want you to understand that it's not buying pressure okay it's not buyers that leads the price to go up to this
• 14:30 - 15:00 level it's repricing because as soon as the central bank stops offering the price at these levels and then starts repricing lower that controls the sentiment of traders they are not out there saying okay x amount of buyers have been buying it up and it's pushed it this far it doesn't work that way folks as much as the books say as much as these well-meaning gurus and educators out there want to tell you this and they may subscribe to this wholeheartedly
• 15:00 - 15:30 that's how the markets go it's buying and selling pressure it's supply and demand that's how these things happen it's not how it works okay it's not how it's work it's it's not how it works i i don't mean to be disrespectful and i sound like an arrogant jerk okay but if you've been watching this stuff okay and okay i'm not in here as someone just read two thousand books and i figure i'm a professional because of that i have had people instill in me information that you're never going to see ever it's never going to
• 15:30 - 16:00 happen when you get exposed to something like that it changes you it changes your perception of the marketplace it changes your well my patience with retail ideas are it's next to nothing i don't have any patience with it whatsoever and when i see people try to hide their real intentions because what they're doing is they're teaching my concepts but they're trying to call it something else so that way number one they think they're gonna avoid legal trouble with me two they
• 16:00 - 16:30 avoid all the uh the drama that my teach my teachings are found in their works but renamed so my students will find them or i'll find them on youtube because sometimes their videos get suggested because i'm predominantly looking at market related things on youtube so i'll get videos suggested to me and i'm like wait what and i'll look at it and that's something i just talked about yesterday so now they have it in their video okay so when i see that stuff it's very offensive i'm not like i don't look at this as you know
• 16:30 - 17:00 everybody wants to be like me and i feel like that's a cool thing that's not what i want you to do i want you to be an independent thinker and if you've learned something from me hey great credit me but don't try to reteach my stuff and don't try to make courses with my stuff because i come after people with that and it's just i got plenty of time and money to do it and people working behind me you do those types of things for me but i don't want that to happen that's not what i want and besides you're never going to be a good trader if you're doing that you're just pretending you're being a copycatter
• 17:00 - 17:30 and copycatting is limited in what you can earn most of people that are doing it can't trade and it's mostly the iml people i markets live im academy i've thrown so many of those individuals out of my course and my mentorship and you can clearly see if you've ever looked at in their stuff they'll talk about fair value gaps which we'll talk about tonight breakers mitigation blocks and 99 of time they're classifying the chart in the element that they're trying to draw
• 17:30 - 18:00 a parallel to my content it's wrong and that's why their analysis fails and i don't really go after the individuals that have their videos on youtube that have fair value gaps mentioned order blocks and they call them institutional candles but it's nonsense there is no institutional candle okay there is no institutional gaps okay there is no institutional uh candlesticks okay or sniper candles okay all they've done was just simply change the team the name of an order block and 99 of the
• 18:00 - 18:30 time they're classifying it wrong and if you just watch their videos everything they talk about as a future idea it fails so it kind of tells you they don't know what you're talking about you can put all the the buzzwords and tags on your chart to draw attention to yourself and it sounds like you're institutionally minded but you're not even you're not making number one proof that you know you're doing in fact you're showing the opposite two
• 18:30 - 19:00 you're harming the viewers that are giving you their time and energy and effort to try to pick up on what you're trying to teach but you don't know how to do it so again i've mentioned this in the last video and it probably won't be the last time i do it but i really want you to think about if you're operating on youtube channel okay and you're doing things like renaming my things look around i'm having youtube take those videos down and it only takes me to do one time and
• 19:00 - 19:30 they take it down they know my stuff they've seen the documentation it's my content it's my copyright it's my thing so don't waste your time and don't take my videos and dub your native language over top of them because i had them the guys have whole channels taken down that do that okay so again i'm not here to try to be a irritant i'm here giving you my time and my energy because i love doing this
• 19:30 - 20:00 i absolutely love doing it it's my entire life i've been doing this more than anything else since i've been alive and i like to believe that god's blessed me with an ability that i had made a promise to him if he would bless me and give me the understanding to know how to do this i would spend the rest of my life teaching other people how to do it and i have been doing that and i don't think that most people understand that promise because they look at his
• 20:00 - 20:30 opportunity well he's got something that works really good and it defies all logic and retail universe trading period it's nothing like what i do there's absolutely nothing we're getting some why is because it's the absolute market it is the market so when i say i'm teaching market maker concepts i'm not teaching willy-nilly patterns okay i'm not teaching some garbage i'm teaching how the markets turn on a dime to the point or to the pip at a specific time of day a specific day of the week okay i can do this
• 20:30 - 21:00 every single day the point is you don't need to be that good at it you only need to know one specific element about the marketplace that you're looking at and then that one specific criteria you repeat it over and over again and then you add money management to that so you're repeating something that is have basically a a result that's expected and then if you have a result that's expected that repeats more
• 21:00 - 21:30 times than it fails because it's not it's not perfection you're aiming for in the beginning as a new chair you're thinking you want perfection it doesn't exist i lose too even with the best of setups i think it may be lined up from an interbank level i still can get it wrong because the human in me may spend more time looking at something that has less significance at the time and usually that's at major tops and bottoms okay i that's where i fail
• 21:30 - 22:00 if i over classify a specific timeframe when i'm trading uh majority of time if i'm losing money it's in areas where i'm trying to predict the direction that this move occurs so i've learned over the 27 years i've been trading this is the wait for that move to come out and i'm not a breakout trader i'm just waiting for that move to occur and then the imbalance that's created in here okay it'll either be a fair value gap which we'll introduce tonight it's been shared in my mentorship and trust me there is so much more to it to just
• 22:00 - 22:30 looking at what i'm going to show you tonight or there may be a order block in here or it may be a stop run so there's three elements in here that are going to be a factor not all of them exist at the same time so the question always is is what do you look for do you look for a order block do you look for a fair value gap or do you look for stops it depends on the structure of the marketplace from that period where it leaves the consolidation and it'll make more sense when we go into the live charts but just well not live chart because the markets are closed now it's after uh we close on friday but we'll look at real
• 22:30 - 23:00 charts but once it gets in here then i'm comfortable and i know that this is likely to go where i think it's going to go and then i could be a buyer in here and right up to this area and then go short and reverse here or here depending on how strong of a opinion i have on the marketplace if it's a bullish market now if you're not writing notes down folks i'm telling you you're really wasting your time because if you listen to what i'm saying i'm giving you things that
• 23:00 - 23:30 i used to charge people twenty thousand dollars now i'll say that again twenty thousand dollars okay to learn these types of things and again i've put this bounty out before i did it on baby pips okay and i'm gonna do it right here because now it's on youtube it's a larger audience watching i will pay 100 000 us dollars to anyone that can find my concepts anywhere in print prior to 1996.
• 23:30 - 24:00 now say that again the way i train and teach the marketplace and how the interbank market prices if you can find it anywhere prior to nineteen ninety six i will pay you one hundred thousand us dollars period and the story done and it will still be in my bank account twenty years from now because there isn't going to be anyone that can find it i'm the author of this stuff so when i say i authored it i authored it i have been paid by firms
• 24:00 - 24:30 bankers traders brokers all of these individuals i have consulted period they're not going to come to me if they can find this stuff in white golf books okay i mean i hate to say i'm that snide but that's the way it is folks if you don't want to believe that just believe me on the sake that i can do these things and i can tell you exactly what's going to happen before it happens and it goes to the pip over and over and over again it's as
• 24:30 - 25:00 simple as that i don't need you to believe my words i just need you to go in and investigate it with your own practice and that alone will be the testimony you need because you will see that it's the truth that's what i'm telling everybody every single person that comes to this youtube channel there's never been anyone that's completed every single video and said you know i've watched all your videos and i really wish i would never done it they all send me the same if they're to send me anything at all they send me the
• 25:00 - 25:30 same type of response wow i cannot believe you put this on youtube for free this is better than any course anything out there and i agree and i just tell them keep me keep me up to date with your training and let me know how you got so i know this stuff is the best it is the absolute best folks you're going to be out there listening to these 20 year olds parroting what i've said in old videos okay and they cannot prove that you can do it and they want to get you into these
• 25:30 - 26:00 schemes where you into this multi-level crap and you're never really learning how to trade they can demonstrate my toys and my inventions on the left side of the chart but they will never be able to do it live they cannot do it they won't do it because they don't know how to do it they make money from subscriptions and let me tell you something i could sign on to my paypal right now okay and show you 165 000 came into my paypal today now think about that
• 26:00 - 26:30 do you still see me with that money coming in do you ever see me posting my cars my homes my watches you've seen some pictures and such of my cologne collection because i wanted to be different but none of those other things you've never seen and if you didn't believe i had money prior to me doing a mentorship i really have it now so why am i not showing all these things because that's not going to make you a better trader it's not going to make you someone that is objective about the
• 26:30 - 27:00 marketplace and i'm not trying to sell that lifestyle i don't particularly care what anybody's opinion about about me personally is about whether or not i should show my toys i just don't think i should do that i did those types of things when i was a younger man i'm about to turn 50 in two years so i may sound like a young guy because of my voice being what it is but i'm actually a middle-aged man and i just don't live life like that so i try to be as modest as i possibly can in
• 27:00 - 27:30 the areas i feel that it's important but when it's authorship and things that i know that i have created and i see other people trying to take credit for it or to try to hide them stealing the idea and intellectual concepts and plagiarism is really bad in in this industry and most people would say well if you're if you're so successful you wouldn't care about this well no that's not true because i want you to understand this and then we're going to go into the heart of the teaching i don't want people to look at me and
• 27:30 - 28:00 worship me that's not what this is so if you're a new subscriber if you're a new viewer okay and you just stumbled over top this channel or someone shared a video and said hey let me you know let me start looking at some of these videos and you're watching this one now i need you to understand this point and again this won't be the last time you hear about it either i had a hard time in the beginning it wasn't easy for me and i didn't come from money but i've always believed
• 28:00 - 28:30 in a god i've always believed that the creator didn't just make us in his walk away from us so i actively prayed for this skill set and i believe he answered it and i i worked really hard and it wasn't hard work that got me here because i did a lot of hard work looking at the wrong things and some twists of circumstances we'll just say it that way i fell into an opportunity
• 28:30 - 29:00 that still baffles me today but because of that i understand things that you wouldn't know otherwise and there's maybe people that's been trading longer than me and they have been profitable and they'll hear this video and say this guy's full of crap he doesn't know he's talking about i don't know what you subscribe to as a theory on trading but i've done just about all of it and nothing is truer than what i teach
• 29:00 - 29:30 nothing and you get to test drive it for free here on youtube so when i see other people try to take credit or rename something because they want glory and they want fast buck and they want to live like the kids over there on instagram they can't trade this idea of doing that isn't robbing me it's robbing god because when people find me i don't say this is mine this is mine worship me i'm the best trader in the planet i don't say that okay i've said things
• 29:30 - 30:00 like that in the past but i want the viewer to understand the reason why i'm hung up on this is because when everybody follows me they are going to hear me credit who it came from and i prayed for this and i worked very very hard and working hard didn't get me there but when he opened my eyes to certain things i he caught my attention let's put it that way and then i said look
• 30:00 - 30:30 if you make this available to me i will give you my entire life to help other people and i don't need to put this youtube channel on here it's it's been sitting here for years and these videos are better than any course out there zero nothing can come close to this nothing there's some pretty decent people out there that have well-meaning intentions to try to train people even that it all pales in comparison
• 30:30 - 31:00 there's a lot of people in this industry also that because of privacy i'm not going to rename and say hey you know who who's in your course who's in this who's trained on you but you'd be surprised you would be very surprised to see who trained with me so it's not an image thing with me it's a giving glory to where it's justly deserved yes i worked very hard but it wasn't until god gave me his grace to see these things because they were
• 31:00 - 31:30 always in the charts they were always there but no one fared it out over 2 000 books and anything that came out new i owned it i bought it period it was a course i bought it from futures contract trading to options trading to currency trading bond trading stock trading you name it i have a library that's deep with all those things and none of this
• 31:30 - 32:00 exists and i have white cough books and again white golf was a theory of retail thinking that i made fun of and i trolled an individual on america online his name was dean and if i could meet him today i would apologize done because i was a really an arrogant jerk that back then you think i'm arrogant now but i really really was an arrogant jerk on america online i was the definition of new money you know i had money coming in my hands because i was making long trades in markets that were
• 32:00 - 32:30 going to go up anyway and i thought i was smart and it was nothing it was a simple 50-day moving average buying uh oversold bullish divergence hidden divergence or trend filing in nature which was invented by nick van nice um nobody gives him credit to the to this day still but he's the one that created that hidden divergence or type 2 divergence or standard bullish divergence on a 60-minute chart and that was it that's that's all i used and i parlayed that up
• 32:30 - 33:00 to 832 000 so people watched me do things like that on america online and i because i was getting popular and i saw somebody else starting another area of teaching it was wyckoff his name was dean and he seemed like a really nice guy but i didn't like the descriptions that he used like you know break the ice or jump the creek or something like that and if you study white coffee you probably know what i'm talking about but those terms just didn't jive with me and
• 33:00 - 33:30 what was my problem my problem was i was a team larry williams guy okay and this is the number one reason why i've taught for years not to have a team mentality you don't need to defend me okay if i'm your mentor you don't ever have to go on the internet and defend me i don't care okay no one's changing my lifestyle because they don't like me or they think i'm a fraud or they think i'm fake or they think i did this or that i have all kinds of stories and things that people been sharing about me to looking at my
• 33:30 - 34:00 cousin's pair pants and thinking that's me in a picture i mean it's nonsense it's nonsense but all these things okay about larry williams concepts i was subscribed 120 to everything he said if larry williams said it then it's the gospel and because the things that he talked about commercials commitment of traders i could see it in hindsight and i was like that's it that's the thing i'm looking for so i was defending larry williams without
• 34:00 - 34:30 any real need to defend larry williams i mean larry williams still has the board uh record eleven thousand percent gain from 1987's world cup champion so what i need to defend him for but because i was a young man and i was watching someone else get a crowd i was thinking myself this is nonsense this doesn't make any sense and i started looking at what he was doing and i would sit in his his little teachings and things that he would do and i was like okay
• 34:30 - 35:00 this doesn't make any sense to me none whatsoever so i would sit in the room in the chat room on a miracle online and troll him that's all i would do and what i was doing was i was masking my confusion because i was seeing things that i didn't understand and i was looking for you know things i was learning from larry williams and it just it was a waste of time looking back at it and there's a lot of you individuals that are here listening to this video
• 35:00 - 35:30 and you're the ones that put the thumbs down like that's hurting my feelings it doesn't make a difference to me what you do but either you're an iml guy or you're a wreak packager or you're somebody that just loves putting the thumbs down i don't care i want you to understand i don't care i don't care what you think the individuals that are here you're going to get what you're looking for if you put the time into studying the things i'm giving you you're going to find that thing that you've been unaware that exists and when you see it
• 35:30 - 36:00 you can't unsee it you're not beating the market maker here okay i've had so many people point to other people out there that have created courses and sold them for five thousand dollars and such and such and such you never see these people trade you never see them execute and they're always entering after the move starts and i don't do that i'm buying when it's going down and i'm selling short when it's going up and i'm exiting when the markets are moving in my favor not when it retraces unless it stops me
• 36:00 - 36:30 out here you're going to learn to trade in line with the market maker because the market maker is not the dealer okay they are not the dealer they are the central bank the storehouse the the commodity producer or holder and if we're looking at the japanese yen it's the bank of japan if we're looking at the australian dollar it's the bank of australia if we're looking at the dollar we're looking at the federal reserve all of these banks run with the same algorithm
• 36:30 - 37:00 all of them they all run on the same algorithm the things that make them gyrate and move around it's not buying and selling pressure it's not okay so with that idea let's go into a price chart never thought we'd get here huh all right so here we are we are looking at a price chart of the euro dollar okay this happens to be a 90 minute chart and it's nothing special about 90 minutes i just use 90 minutes because it makes it very clear to have the candles about the size they are and still have this much information so i sent a post to the
• 37:00 - 37:30 youtube channel and if you haven't been following along on the community tab if you go to the inner circle trader youtube channel and you click on the community tab again this is where i've been using my way of reaching out to everyone now my mentorship group they get prompted about a video being posted in that and any other insights or anything on my mind i created this as a medium to be able to reach out to all of you
• 37:30 - 38:00 so if there's something on my mind that i'm trying to convey or share or a heads up about a video maybe coming uh it's all here so i i sent this and i said go here and look at this and study this fractal okay all this price action in here and that's going to be the scope of this discussion tonight so we're looking at it here and hopefully you've done a little bit of homework if you haven't already studied it on your own and looked for certain things in the in this price action stop the video right now
• 38:00 - 38:30 just remember where you are right now in the minute marker stop it and then study this and then once you have exhausted that time and effort come back to the video and then watch it from there otherwise you've been wasting your time and you're gonna waste the opportunity that would i guess present the best learning opportunity for this teaching all right so when you look at price action like this many times if you're new it just doesn't look like it makes any sense whatsoever but i'm gonna
• 38:30 - 39:00 walk you through this and my mentorship students they know that most of the things i'm going to show you here they were already made available to them in advance but we're going to look at the annotations here and let's maximize this get a little bit more there we are so this is the price action for this week in the euro dollar and you can see that we've had
• 39:00 - 39:30 this old high price ran above that and collapsed and traded lower i want to kind of walk through a market maker cell model okay and then once i show this i'm going to show you in contrast what white golf teaches okay and i'm not going to go into great detail but understand this if you are one of those individuals okay that feels because you've watched another youtube channel or you've watched someone tweet or if you watch someone on instagram
• 39:30 - 40:00 or if you've been in another medium somewhere and they said ict is just wyckoff or supply and demand i have teachings that literally go through and dissect the stark contrast between the two okay and this is going to be one of those examples here when i look at price action and how i teach my students we're looking for what is called a low resistance liquidity run okay and a low resistance liquidity run is the absolute easiest types of trades that you can
• 40:00 - 40:30 take there are also a high resistance liquidity run now a high resistance liquidity run still has the potential to unfold as a low resistance liquidity run but generally low resistance liquidity runs get there quicker and less resistance hence the name low resistance it doesn't mean that you're going to have multiple layers of resistance to hit okay it just means that it has a lot of resistance in the terms of time the amount of time that's
• 40:30 - 41:00 required for it to cross from where the inception of the move begins and then where it reaches its target low resistance is very quick very sudden moves like this this would be a low resistance liquidity run whereas this is a high resistance liquidity run now i'm not going to get in here and explain the facets that make them okay because that's mentorship but i'm already going to give you more here than i have ever shown in youtube and this is just scratching
• 41:00 - 41:30 the surface but everything i'm showing you here was talked about before it ever happened so i want you i want you to understand that and i'm gonna prove it okay i'm gonna go over to the my website and click and show you where i was talking about the market going to this very level right here okay so it's not a contrivance on my part to build this as an example saying haha look at me hindsight i'm smart i really want you to understand that you have no reason to
• 41:30 - 42:00 buy into these ideas that i am reinventing rehashing renaming or trying to take the credit from somebody from the 1900s okay richard wyckoff i want you if you doubt me study it go in the white cough read whatever you can okay and then go back into my youtube channel and you try to find any similarity whatsoever with that it's the same thing that's happened when people started seeing me teaching and they said oh yeah you're
• 42:00 - 42:30 teaching uh what chris laurie teaches because i use a term liquidity void that really picked up because there's a lot of students that were on baby pips and when i talked about an imbalance they were like oh yeah that's a liquidity void i said okay well if that's what you're familiar with then we'll call it that but they're actually price vacuums and they existed before me but a fair value gap is a very specific element and you probably see that right here in the chart the idea of price moving up from here to here if you asked everyone
• 42:30 - 43:00 in the trading universe they would say this is all buying pressure when it's not over here this old high here there's buy side liquidity resting above that that means there's buyers that want to buy if it goes above that or stop out at a loss for anyone that's going short so that's what i mean when i say buy side liquidity when you see that above an old high or a specific level like over here these relative equal highs in here relative equal highs you don't hear that anywhere else except for the people that's copying off
• 43:00 - 43:30 me now iml and i am academy and i markets live all those people yeah frauds is what they are so you have buy side liquidity again buy stops that will be wrestling above that buy sell equity wrestling above that so when price is starting down here and starts to rally up when it's going up like that what's actually occurring is the central banks are offering price higher now the buying that comes in the marketplace is forced if they're going to buy to buy at that price that's being
• 43:30 - 44:00 offered and as it gets filled the central bank prices again so there's a mechanism that causes price to start spooling that means it starts spreading higher higher or going lower but it's basically gapping up every time a new transaction occurs they're forced to buy at that price so it's not now it's very you may be thinking i'm arguing semantics here but i want you to really think about what i'm saying from this point here to above this high
• 44:00 - 44:30 up in here for the market to get to this price point the central bank will keep offering a price higher higher higher and when it consolidates it only goes down to a specific price level which is again a fair value gap or an institutional overflow entry drill which i'm not going to go into detail but these are all my observations and creations and i brought that to light i gave that to the trading community and it's highly highly precise
• 44:30 - 45:00 and it's one-sided so you have to have a narrative understood for it to work otherwise you're going to lose and that's the reason why these 20 year olds can't do it because they don't know it they just watched some videos they got on the fly and they think they understand it because they watched it it doesn't work that way it's not a magic trick where you watch the sleight of hand and then do it one time and then you understand it it's not riding a bike either it takes effort and you have to have more learning behind it but this displacement that takes place
• 45:00 - 45:30 above this high here that's because of the central bank offering price continuously higher the buying they don't offer it lower so you're told oh it's the buying pressure that takes up there no it's the selling that's being offered at repricing this is all a repricing model okay all this right here is a repricing it's repricing above this high because they want that liquidity out why do they want this liquidity taken out they want to purge the liquidity all
• 45:30 - 46:00 this area here when it runs above that all the buy stops get hammered if it's right above here they're going to hit it if it's up here in layered fashion okay that means that they're going to see it send price higher to make sure all of the boss eliquidity is taken out and they really really ramp it up here if you watch that community tab on my youtube channel i actually sent a post right when it was trading here i said all right pay the trader now if you've been following me for any length of time you know that that's time to hit the
• 46:00 - 46:30 ramps you can take some money get it off my mentorship has been told that we were going to see this rally above and we were talking about in march of 2020 and now here we are at the end of august just about and it finally hit this level and cleared it if you look at august 6th that's this high here that's what this level is indicating august 17th this level right here
• 46:30 - 47:00 what's actually occurring the market breaks down below the 17th low and trades right back up into that order block so it's the low of the august 17th daily candle so the market trades up into that level here and starts to cascade lower this overall fractal pattern is that market maker sell model this is the smart money reversal this is the purging of liquidity that was drawing price up all of these orders that were buy
• 47:00 - 47:30 side liquidity in other words buy stops think of it like that whether it's buying on a breakout or if it's buying a stop that would protect a short position so whenever you put a short position on you put a buy stop on to protect it if it goes up that price point you get stopped out either at a loss or wherever you had a trail stop protecting open profits in this case these individuals above here are thinking that this was resistance so they go short here and put their stop loss up here they ran that out so what's actually
• 47:30 - 48:00 occurring is the central banks are repricing higher keeps offering higher higher you have no choice if you're going to be a buyer or if you're in a short and you're getting squeezed where are you buying in other words if you're short here and they've been watching go up up up up up if they want to protect your stop-loss what's happening they're going to close their trade how are you going to close the trade you have to buy it you got to buy it back so what's happening is every time it goes up any buying is forced to be buying at a higher price is it buying pressure
• 48:00 - 48:30 no the central banks are repricing higher and you're stuck stuck getting in this squeeze that's called it's just called a short squeeze okay but that's not the logic in its purest sense the pure sense is this is a long-term level that we've been eyeing since march of 2020 and if you look at a daily chart just look for equal highs and you'll find them but in here the market rallies up
• 48:30 - 49:00 through that and all that by side liquidity becomes market orders to buy at the marketplace so what is the algorithm doing it's setting the tone for a flood of counterparties for smart money to go short all those buyers that are willing to buy at a higher price than this high here all of this is perfect opportunity for smart money to be going short they're going to get really good placement in their short positions
• 49:00 - 49:30 then the market trades in here and hits the mean threshold of the 60 minute order block i'll drop down to a 60 minute in a moment but that's what all this level is here multiple opportunities to get in there short short short short and this is a bull flag to retail traders but it's a false flag i teach that it breaks down back below the august 6 high when the price breaks down like that it creates a balanced price range now remember all these terms because this is actually things that i teach in my mentorship i'm not going to go through all the details of what makes it a balanced
• 49:30 - 50:00 price range but these are all things you absolutely learn and it's not in any other theory or price action retail it's all nothing like this exists okay anywhere else outside of what i teach the algorithm is not going to go higher than this high here once we break down and create a fair value you got fair value gap is a small little area where markets trade in an imbalance and this happens to be a cib cell side and balanced bison and efficiency it's not meant for you to understand every bit of it i'm just giving you
• 50:00 - 50:30 these are all terms these are all things that's going on here after the turn okay so all of this move here all this move here where it rallies up and smart my reversal low risk cell low risk cell redistribution and trades down to the original consolidation remember that fractal i showed you was a market maker cell model the original consolidation is the target so all of this here buyers are being forced to buy at a higher price and it keeps going higher buying buying
• 50:30 - 51:00 buying buying so what's going on they're buying either being squeezed out of their shorts or buying it with the expectation is going to keep going higher then it hits this area here and we have capitulation where all this is this obvious and this is where everybody falls in love on social media and thinks that euros now good time to buy so they start chasing it there so there's more people coming in that's why they hold it here the algorithm stays in this area now before the markets transitioned into an electronic
• 51:00 - 51:30 format where really nobody manually does too much anymore but it does sometimes occur the actual market makers that would reprice the currencies that used to be a group of men that would do it they would hold price just like you see it here and it would be in a defined range and that range is defined by that order block now the order block isn't what i was trained order block is a theory that i coined that was very very close to what i
• 51:30 - 52:00 learned about how the central banks price in and book these currencies there is no i know you're going to be wanting to send me emails and such you know where did you learn this at what book did you learn it from who's the person that taught you blah blah blah none of that stuff is it's not open public information i have made it public information as close as i can but there's a threshold i can't cross just like my students have a nda most of them uphold to it but there's been a few of them that haven't and
• 52:00 - 52:30 you know you're always going to have that there's consequences come with that and i don't want to cross the line that has been set for me too so i get warned a lot okay i get warned a lot and i know how far i can go so the things that i have shared and the things i haven't taught yet are as far as i'm gonna go because you're just not supposed to know these things and if that sounds like a tinfoil hat conspiracy and you want to turn the video off i understand
• 52:30 - 53:00 take care good luck good trading but that's just the honesty when you look at price when it trades above this old high and it floods the market buys liquidity and smart money is wanting to go short also count every time that the market was offered here in large traders not just every retail trader out there but large traders may be going into the marketplace you know going along here too so at those times when the market is being offered and on a large side
• 53:00 - 53:30 or size of position the bank will assume that risk now it doesn't always do it but generally it will do it when it's opportunity for them to make money now you're probably saying oh central banks don't do that well listen you don't know what you're talking about i do and i proved this every single week every instance where they were counterparty to anyone that was buying here because to be a buyer you have to have someone sell it to you so who's selling it to them who's
• 53:30 - 54:00 selling it all this rally up the bank so every time they're offering the liquidity to do that those positions are under order just for a short period of time when those positions become net positive over here they're aiming to get out here so there's a core position in here that will be basically marked to market at no profit no loss
• 54:00 - 54:30 at some point when it gets over here over here they're gonna they're gonna attack the original buyers over here so all this buying all the buyers in here their counterparty is the bank that bank will get its money back and then profit when it goes down to here every position that they offered sell side liquidity to here and all through here they matched up with the buyers this flood of buy stops that gets purged this purging of that by liquidity
• 54:30 - 55:00 becomes a massive short position that yes they took on position risk here by offering counterparty sell side liquidity to buyers it's not buying pressure again it's not buying pressure they were in control price the entire time it was going up that's sell side delivery sell side delivery repricing model that takes out bicycle liquidity guess what you just learned the real things that comes from the central banks those words they're the real things
• 55:00 - 55:30 you don't want to hear those things though you want to hear bullish diversions macd crossovers and harmonic bat patterns because that sounds cool it's the boring truth that's how these markets work okay so the sell side liquidity that's matched up with the buy side liquidity being purged here that position overtakes any of the short-term adversities they assumed here and all this model going lower and repricing below the original consolidation that is my market maker cell model
• 55:30 - 56:00 that's how markets book that's the fractal that unfolds all time frames all the time and depending on what type of trader you are you could be a buyer here and you sell out here and that's your trade that's your model or you can look at this area here and sell short and say okay once it gets below this first swing low here i'm out there and i'm gonna miss all this move or i'm gonna wait for this move here which is what this is the easiest last ditch opportunity to go short now it's gonna look like all this stuff was this hindsight
• 56:00 - 56:30 you know i'm making it work right now and this level offered no real visibility prior to it actually falling down okay i'm going to actually go into my mentorship forum click on the video that i did on the 19th of august 2020 and i'm going to scrub over to the part where i'll talk about how it's going to go right below here okay so i'm not going to play the whole video but i'm going to show you and my mentorship students they all know that it's in there too they can go to that seven minute mark in three seconds and you'll see it's right there i actually outlined some of the scenarios that
• 56:30 - 57:00 would uh lead to a shorting opportunity that would go here okay so while i'm not a signal service i'm not holding your hand saying buy here sell here put your stop here i'm not i'm not doing it i do it once in a while for exercises and for homework for individuals that are in my group that want to practice a specific way of trading we were bullish i said the first half of this past week on the previous friday i said that we would go up we would run this area here and we would be bullish for the first half of the week
• 57:00 - 57:30 and then once i got that i took off thursday i didn't worry about doing you guys didn't hear from me i was nursing my shoulder and my back and just relaxed and thursday was an ugly day and if friday we went right into the level i outlined on my wednesday midweek review so again i i can forecast this stuff and using all the things that i'm showing you here but none of these things are wyckoff this last handle right here let me take this off actually let's change it to a
• 57:30 - 58:00 different color all right you see that green candle right here that is a bearish order block it's part of the buy side of the curve the curve is the highest point of a market maker cell model or the lowest point in a market maker buy model so when you put that vertical line on there and you delineate that on a market maker cell model everything to the left of the curve is
• 58:00 - 58:30 all buy side oriented the counterparty so what you have to think like the the bank all of this on the bot side of the curve is them offering sell side liquidity to buyers everything to the right of the curve on a sell side delivery is them buying it back so anything that's going down the central bank's buying back but it has to happen at specific levels and they're going to add to new shorts
• 58:30 - 59:00 when it goes to other levels everything on the curve on the left side has to match up on the right guess what you don't see that in white coffee either you don't see that anywhere else everything that goes on over here as a buy becomes a cell over here oh that's standard support and resistance that's a flip zone that's so so-and-so and this no it's not not to the point of every single pip is being identical everything lines up perfectly and here's the rub all of this occurs based on time and
• 59:00 - 59:30 price so i know the level that i'm looking for but i also know the day and the time it's going to occur because the algorithm is programmed to do that all this delivery of price happens based on a time and price algorithm that is ipta the interbank price delivery algorithm it is a real thing folks whether you want to believe it or not it is okay and the bottom line is this it's programmed in such a way that it
• 59:30 - 60:00 repeats over and over again these specific macros now macro is a short list of operations that goes into um operation when a specific set of criteria is met or if a specific criteria is changed manually or based on a economic driver that may be coming out on the calendar it will cause changes and the algorithm will change gears
• 60:00 - 60:30 and go a different direction or operate in a different manner but a macro is like this okay when the market trades up hits this last up close candle here that is not a supply and demand zone okay it's not a harmonic pattern it's not a um a myriad of other things that could if you just looked at this box or looked at the element of using a fib later on top of it oh it's this it's that
• 60:30 - 61:00 the times this is one of the biggest discoveries i had the times that i found that my retail ideas because i started as a rete retail trader too folks i learned all the stuff that you're bogged down with too indicators moving averages um whatever it is okay i've done all that point and figure charts you don't hear much about that anymore but back in the days that's that was a thing but i never figured out how to use them but i'm sure there's books out there that says this is how you do it but it never
• 61:00 - 61:30 worked for me but when i discovered how these markets are really booking price when that happened i could see when retail ideas would work and i could also see when they're going to fail and i discovered that when these environments create the opportunity for the retail ideas to be very clear in their perception of what price may do and then i have the real x-ray view of what the market's really going to do
• 61:30 - 62:00 that's the trades i really want to load up on because they are the ones that just take everybody's surprise because nothing really lines up in their school of thought and now think about it like this does elliott wave supply and demand white golf dow theory do all of those agree at all times no don't take my word for it go and start doing a case study on it and you'll see one theory looks like
• 62:00 - 62:30 it's working one time another theory or two may be working in conjunction or looks like it's working and then there's other times none of those things are working but the market's doing some big moves what's occurring so the question's always was and i pose this all the time on twitter which theory of market driver is really pushing the market around this week is it harmonic pattern is it elliott wave it's it's the polling demand so the real joke is you have to figure out
• 62:30 - 63:00 not only what direction the market's going to go but what school of thought it's going to follow if it's retail logic that moves and pulls price around and then when you take a step back and say okay all of that is not it's nonsense all of it is indicators all that stuff is just garbage and that's what makes me controversial because i'm here not with the will to to be adversarial i'm not trying to be adversarial okay
• 63:00 - 63:30 i want to open your eyes to what is really going on and the only way i do this in history was to piss people off people went into my stuff thinking okay i'm going to prove that this guy doesn't always talk man i'm going to put my school of thought up against it and then all of a sudden they're converted because once they see the data once they see it and they are forced to contend with it they don't have to believe in me they have to believe the data and the data says retail is lost
• 63:30 - 64:00 they're doing things in the fog they have no idea that they're confused they have no idea what they're doing they put so much faith into these instruments in these mathematically derived calculations that have no bearing whatsoever on what the central bank's going to do about price now it's not limited to central banks and currencies the same stuff occurs in the commodity market occurs in stocks and i think eventually will be the
• 64:00 - 64:30 underlying drivers also in crypto markets there are signatures that come in play once in a while with crypto but the reason why i don't touch it is because it doesn't have the consistency whereas 4x i know this thing like a swiss timepiece and it sounds arrogant to say stuff like that and hear it it's just the truth folks the first thing that comes to mind is if you know all this why aren't you a billionaire you know why aren't you the richest person in the world why don't you disremind you to that
• 64:30 - 65:00 i have a lot of limitations placed on me that you aren't going to know about so i operate in the limitations that i have and i go as far as i can and in the past i've just i've tried to stretch them and i got smacked okay so i do as much as i possibly can and when i get warned then i just dial it back but the point is this when you start studying price and you start looking for the curve which is the highest point in
• 65:00 - 65:30 cell model everything to the left has to match up on the right hand side okay when we look at a brief discussion of wyckoff you're going to see none of these things over here are described in lykov now he'll talk about in his in his theory we'll mention like uh last point of supply or something to that effect and it's always something that happened that's explained now when i teach imbalances
• 65:30 - 66:00 and i teach fair value gaps and i teach institutional order flow entry drills and i teach breakers when i teach order blocks the mean threshold which is the midpoint of an order block or consequent encroachment which is the midpoint of a gap those things okay are very specific they don't always exist in the price action but the ones that do that's your signature so it's not a it's not contrived hindsight lipstick that finds its way into an example that makes me look smart on youtube
• 66:00 - 66:30 that's not the point here the point is the things that are here are mine and they're not logic that's leaning on any other thing specifically in this discussion wike off now there's channels out there that have been crediting am academy and i markets live and they are busy right now still hocking my concepts and for the most part haven't even really changed the names so they're in trouble they don't realize how much trouble they're in but they are in some trouble
• 66:30 - 67:00 but they don't even teach it right okay so at some point you know people looking at that and if they end up coming to my channel late okay maybe they were introduced to those clowns first and then they came here oh you're trading like so and so no i'm trading the way i trade and everybody else has learned this from me you may not have learned it directly from my video you probably had someone
• 67:00 - 67:30 else parrot what i've seen in my examples and trades and i showed why i did what i did and then they make a video a day later saying this is what i did this is the trade i took but they don't have any stats showing it that's what i'm saying you have to ask these people to step forward and say hey look i don't need to see a my effects book because i personally don't care about my facebook i want someone to show me executions and it doesn't have to be a live account do it on a demo do it on this paper trading application on trading view but why won't they do it because they cannot they can only dress
• 67:30 - 68:00 the chart up in hindsight which leads me to where we are right now when we look at the cell side of the curve on a market maker cell model okay everything over here like this area here all these down closed candles that was smart money buying then when they reprice down like that they're accumulating long positions they're going to take some and offset that up here they know where the price is going to go because they're in control the price how do i know they're in control of price the same reason why i said in
• 68:00 - 68:30 march that they were going to take price up here eventually at what point in time in march i didn't know that but as we got closer and closer to august i knew exactly when it was going to happen and it was a previous friday i said to my group the first half of the week we're bullish and we're going to see price go above here and dollar is going to go down to the level i said it was going to go to and it did both and cable did the same thing now when you're outside the loop or your first time here or if you're just a very cynical person you hear they say oh yeah okay there's no proof there's no there's no substance to that except for
• 68:30 - 69:00 your word how should i just take that word and and trust it okay well keep that in mind the bearish order block when price trades down down down and then rams right back up into the august 17th low it hits the order block here doesn't go any higher than that and at one o'clock in the morning friday august 21st the market creates the high of the day
• 69:00 - 69:30 then reprices aggressively below here what's below here sell side liquidity just like this so the positions that they sold short and acting as counterparty here and when they flooded the market with buy side liquidity all these buy stops became a massive big opportunity to match up shorts and you would get easily in the marketplace at high prices they're taking some partials off here they're offsetting that so what's their profit when it gets to this candle here
• 69:30 - 70:00 all the selling they did here and all the selling they didn't in here they're not going to get it all off because there's been a lot of buying that's been taking place in here but that's not the catalyst that lent price up here it's this liquidity that they drew up on that's where the market's going to go when the market starts to reprice lower when it goes below this low here that area of sell stops or sell side liquidity is perfect for them to do what to buy it back to get out of their shorts
• 70:00 - 70:30 so how do you have a ideal scenario if you're short to get out you have to buy it but what's the ideal scenario buying at a lower price and you got in it what better places to buy below an old low and that's what's occurring here then price expands lower and reaches down into equilibrium all this consolidation equilibrium and below the original consolidation which is the original draw on liquidity that started all this market maker cell model that's not like off folks as much as you want to do acrobatics to
• 70:30 - 71:00 try to twist it around you young men it's not and anyone that spends any time please if you doubt me study white golf then come back to this youtube channel and look at my things and there's absolutely nothing nothing here that lines up with wyckoff zero zilch nada doesn't exist so let's go over to the internet real quick all right so here's the uh the channel that guys like to go to and try to make a case that ict is wipe off rip off this is the
• 71:00 - 71:30 gentleman richard wikoff rest in peace but i'm not trying to be disrespectful to the man even though i was as a younger man i'm not trying to do that here i do believe that just like i've said this in the past i said that people that trade supply and demand or learn how to trade with supply and demand it is a good starting point okay wyckoff introduces some theory but those theories are flawed because
• 71:30 - 72:00 it's based on buying and selling pressure okay or volume in the sense that the way he's introducing volume here i don't subscribe to that okay and you're really not going to get a true volume depiction in the foreign exchange market anyway because you're just not going to see all the volume so you can't really attribute your success in trying to repackage my stuff with white golf because it's very dependent on volume so anyway let's go through here real quick and i'll get to the nuts and bolts all this stuff here read it yourself if you're
• 72:00 - 72:30 really interested in trying to figure out if i'm lying to you okay and here's one of the things that everybody says oh see this is that market maker cell model okay do you see this going down below the original consolidation no it doesn't happen even if you look at the other schematics that even if you look at richard wyckoff's writings where he has another markup phase and markdown phase it shows it's stopping above this area too okay so no matter what uh schematic you use
• 72:30 - 73:00 okay when you're looking at like off you never see my market maker cell model or market maker buy model it's always just this incomplete view now this in itself okay doesn't really say anything because if you look at swing trading okay swing trading the expectation if you want to sell short you're expecting a swing to go up first and then you swing down that's swing trading i mean everybody knows that higher highs higher lows lower highs
• 73:00 - 73:30 lower lows okay all those ideas they're pretty much generic concepts i'm not trying to claim authorship there but when i'm breaking down the individual move up and then when it comes down takes this area out where he has accumulation area written here that's where my target is on a market make a cell model you don't see that in white golf you can do all the acrobatics you want young men it's not there find any book and i got 30 books on white golf 30.
• 73:30 - 74:00 and none of them show what i'm doing so i'm sure there's been more wipe off books because everybody's out there trying to talk about something like they recreated something the white golf book is not going to find you're not going to find my concept in there not renamed not uh you know masked okay hidden it's obvious that they're completely two different ideas and mine is superior keep on going down a little bit okay and we're gonna look at this this is the accumulation schematic
• 74:00 - 74:30 of white golf okay i guess what they're saying is this would be like the market maker buy model and again none of this stuff is even in my concepts none of this all this stuff is garbage to me now i don't mean to be disrespectful i'm not trying to you know turn you people off that are trading like wyckoff okay i'm arguing with the young men that are out there trying to save their own necks trying to say
• 74:30 - 75:00 and try to put down foundation that they have been teaching white golf and not ict mentorship stuff or even youtube stuff but if you are a wyckoff trader like i said and i want you to make sure in case you missed it earlier if you are a white golf trader and are profitable i promise you if you study the things i have on this youtube channel it will make it even clearer for you and you might even learn to dis miss it and go deeper into things i'm talking about because what i'm talking about
• 75:00 - 75:30 is actual markets booking to the price level like it doesn't go much beyond or fall short of it's like right to the point white golf doesn't have that it's just very vague things like this okay and this is not the market maker buy model okay and since the discussion was really was an example on the euro dollar that would be a marketing cell model and you can see uh last point of support these are all references that happen after they happen in other words
• 75:30 - 76:00 they're referring to something that took place whereas in my concepts we're anticipating something we're anticipating a fair value gap we're anticipating institutional order flow entry drill we're anticipating a breaker we're anticipating order block trading too okay there is the number one stark contrast okay i am anticipating and i'm teaching my students to anticipate specific elements in price that are highly highly precise there is no ambiguity we know exactly what we're looking for we know when it will occur
• 76:00 - 76:30 and we know how it looks and we know that because of example after example after example and it repeats itself and it matches the other side of the curve now that's all i'm going to say on it but everyone that studies with me all of that stuff is explained in great detail and it absolutely is there's nothing like it anywhere else all right here's the accumulation schematic number two same thing this is not a market maker buy model nothing in here has any element whatsoever see the thing is with wykoff they'd like to say
• 76:30 - 77:00 the judas swing that i teach that's this the the the spring or the um i may say this wrong break the ice or crack the ice or jump the creek or something like that um like i said i'm not a student of wycop okay i just know that i made fun of them a man when i was in my 20s on america online that he was teaching with it and he was finding some trades but i didn't like where he was entering and it just didn't make any sense to me but he didn't have barn burner type
• 77:00 - 77:30 results but he was showing profitability i found out later on and it was actually watching uh larry williams video course it was four b v chess tapes and the name of i sometimes butchered this up but it is the futures millionaire confidential trading course by larry williams okay it's really hard to get but you can find it once in a while on ebay i really wish he had a digital version of it because i don't have access to the third video uh the vhs tape wore out because when i
• 77:30 - 78:00 was a young man i watched it multiple times a week and i could tell you verbatim what he was going to say before he said it i was a fanboy and at heart i still am he was my original mentor i never met the man in my life i never had the opportunity to do that i would love to be able to do that larry if you're listening i absolutely i wish i had the opportunity to meet you one time but my understanding didn't begin until him now even with that said there isn't a lot of things that larry's work can be seen with my
• 78:00 - 78:30 concept except for market structure market structure is absolutely his i learned that from him and i always credit that but the majority of everything else you know his um ideas of relative strength analysis i got that from his uh 1970 book how many million dollars trading commodities and he talked a little bit about that same concept in that vhs course too so anyway with all that said i found the pattern or the fractal of
• 78:30 - 79:00 the market maker cell model in a segment of that course he was using an overhead projector as he was talking about his uh concepts and he was teaching in that course and the chart that was on the screen i was like i see that pattern all the time and it just it was highly structured and i was like okay i'm going to start looking for that and then with that and the two gentlemen that i met in the 90s that watched me run up a lot of accounts on
• 79:00 - 79:30 americo online they thought i had availed myself the information that they had the things that i know now when i really didn't i just was getting extremely lucky buying when markets were going up and over leveraging really over leveraging to the hilt where just one trade would have wiped me out completely and destroyed me and it was a it was just plain luck it was just luck but at the time if you were watching me like i was the poster boy for instagram back then in the 90s of
• 79:30 - 80:00 course instagram didn't exist back then but i had the personality that everybody would have flocked to and i was showing my cars i was showing my money anytime i went out and bought something i was showing it it was just like i had everybody wanting me to do that and i didn't believe it until i started doing it so it was one of those things where not only did i want other people to believe i was successful but i needed to have them respond because it felt like a dream to me i never had that kind of money coming to my hands ever before and it was wildly
• 80:00 - 80:30 successful but at the time i thought it was skill it was not skill it was not okay i can tell you in all honesty i was getting lucky for nine months so believe me lucky streaks do exist with idiots and i was an absolute goober in the 90s i had no idea what i was doing but if you listen to me talk i could sell the idea like i was the greatest instagramer that ever would have existed and believe me people were flocking to me
• 80:30 - 81:00 and i i garnered a lot of attention and i garnered the attention of uh the watch groups and because i never put a disclaimer up ever that's why i have these long boring disclaimers and getting my videos because i learned that painful lesson in the 90s where i got a subpoena sent to me and the commodity future training commission said hey um we need to talk to you and i later found out that uh it's because i didn't put a risk disclaimer up at all i was i didn't post anything that caused anyone to lose any money because i was
• 81:00 - 81:30 posting the trades i was getting ready to take and they were winning but the problem with that is that i did not disclose the underlying risk and i was young i didn't know what i was doing and here's the problem a lot of you guys on youtube that are parroting me you have no idea the level of trouble you can find yourself in because you don't even some of you just get on there and say yeah i'm not a licensed trade advisor don't take any advice from me and you think that's going to protect you it isn't you have to have specific
• 81:30 - 82:00 disclosures of risk that are government mandated you have to do these things or you're looking at potentially years in jail huge fines five hundred thousand dollars in five years in prison look having significance and feeling good about yourself and feeling like you've arrived and have other people believe in you even when it's not real it ain't worth that type of punishment five years in prison imagine that because that's what you could you can end up in something like that trying to be something you're really not okay that's why
• 82:00 - 82:30 i stay in paper trading and demo when i'm teaching because there's no way you're gonna misinterpret what i'm saying you're gonna never look at me showing you a trade and say he did that with live funds let me be enticed to go and do the same thing at best you're going to be enticed to go into a demo account and try to replicate it and guess what you can't lose your house with a demo account you can't pay for groceries with a demo account but you can't lose anything monetary with a demo so that's the number one reason why people
• 82:30 - 83:00 have an issue with me because i'm not going to extend my neck on the block so that way i'm going to take on personal risk because i'm not gonna do that i know the laws okay i'm not gonna i'm not gonna cross them so anyway i think there's one more slide maybe there we are so here's the market uh schematic for the wyk off distribution scheme okay or schematic rather now just because it goes up and then goes down it seems like oh
• 83:00 - 83:30 that's the perfect excuse so we can now say that we learned it from here and not ict okay nothing in here talks about a breaker nothing in here talks about a fair value gap where it says last point of supply what is this prime preliminary supply psy psy is over here okay great to me that doesn't mean anything at all and nothing in my mentorship talks about that what's the lpsy
• 83:30 - 84:00 um let's scrub down here last point of supply after testing support on a sow sign of weakness a feeble rally on narrow spread shows that the market is having considerable difficulty advancing this inability to rally may be due to weak demand substantial supply or both last point of supply represent exhaustion of demand and the last waves of large operators
• 84:00 - 84:30 distribution before markdown begins in earnest okay again that is clearly an observation after the fact what are the what are you doing in in the activation of seeing that in the chart in other words what is that instigating you to do as a trader using white coff nothing you're not doing anything here but that right there is a fair value gap or an institutional order flow entry drill short entry for me
• 84:30 - 85:00 all this is the reference point after it happens in wyckoff do you understand what i'm saying there are elements i don't care about looking at something after the fact okay if i can't make money with it it's of no use to me a fair value gap is something that's in the chart when it fills or even partially fills that's an entry for me an institutional order flow entry drill is something that's meaningful to me it's not something i want to highlight on my chart after it happens i can't make money on that so what
• 85:00 - 85:30 difference does it make with all this stuff in here they're not taking trades there nobody's taking trades on that it's just highlighting the overall likelihood that this might go lower i already know it's going lower before it gets up to there i know about it months before it happens i know it's likely to occur but i won't show short until it gives me the specific signatures and a few of them i've already highlighted with the euro
• 85:30 - 86:00 now all of this in here still doesn't say it goes down below the original consolidation notice that see that it's absent because it's not in white golf kids okay now let's go over to my forum all right so you go into icd mentorship now this is not a plug okay this is just to show you that i talk about this stuff before it happens if you go to august
• 86:00 - 86:30 and we'll go down to the last one here i haven't done this weekend's review and commentary yet so the last one is in wednesday august 19th which is my midweek review if you click on that and i'll scrub on over to the seven minute mark and right there for a moment and say this is going to go lower and attack the salsa liquidity wrestling listen now
• 86:30 - 87:00 resting below these lows see that now is this not the euro it's the euro and all this idea right here i'm drawing your attention right there that's not why golf that's my market maker cell model all of this liquidity where is it wrestling at 1780 to 1760 right below these lows here now
• 87:00 - 87:30 think is it still an argument that i'm reteaching wyckoff with different names and trying to look good and smart but it's somebody else's stuff listen folks okay there's only one other person in forex that i have ever told anyone to go and listen to and make them a mentor that's chris laurie this same kind of
• 87:30 - 88:00 stuff came up when i was doing things on baby pips okay um i did videos over there and i had people that were in chris laurie's group over there said hey look you know what we have our own version of pro traders club so honestly in hindsight looking back it was probably one of the worst things i've ever done because it looks at face value like i'm teaching what he was doing in his pro traders club because he still has that if i'm not mistaken i think he still has it but he was at least at that time he was doing um
• 88:00 - 88:30 a service where it was called pro traders club but nonetheless i don't believe in white golf okay i believe that larry williams stuff the original stuff not his new stuff i haven't looked at his new stuff to be able to say yes or no but his old stuff still works today okay if you're forex focused if you don't like me go to chris lori i have many of his students in my group
• 88:30 - 89:00 okay and they will all say the same thing that i'm going to tell you right now i do not teach what chris laurie teaches there's nothing similar to what i'm doing to what he teaches now you're welcome to go and learn from him okay i believe he's a real genuine gentleman and he wants his students to do well he's not a flashy flash guy he's really down the earth and i think that if you put a lot of work with him you'll
• 89:00 - 89:30 learn you won't learn the things i'm teaching but you'll learn things that i have a respect for because he teaches a lot of things that are very very close to the bottom rung of what i introduce but there is a totally different light year jump ahead and again it's not a i'm better than okay i'm trying to be very careful what i say here because i have respect for chris laurie and he knows me okay he knows enough to at least invite me into his uh forum
• 89:30 - 90:00 and ask me to consult on how i could advise him how to streamline it and that's the extent of it that's it i have not been formally taught by chris laurie i've not had any kind of uh you know tutelage under him except for test driving his he he freely gave it to me and and said look you take a look at what you think and you are welcome you're absolutely welcome to go over there and ask him um when people mentioned him on baby pips i signed up and i think if i'm not
• 90:00 - 90:30 mistaken i was there for two months and he would validate that too um but i didn't i didn't take anything from that man okay i didn't take anything and then repackaging that stuff he doesn't even probably know what a market maker sell model or buy model is okay but he trades in a very similar fashion okay but i think personally he trades a little bit closer to wyckoff than i really do and again i'm basically beating up like off only because it's
• 90:30 - 91:00 comparing it to what i trade with and then again i'm not trying to create that that team idea because i was pro larry williams when i first started and i had closed my mind to everything everything else and in a lot of ways it helped but in a lot of ways it hurt me because it made me feel like i was better than i really was and listen i'm wise enough now to be like i said almost 50 years old i
• 91:00 - 91:30 know that unless you see it yourself you're not going to believe it so i don't hide from anything i come out here and i tell you what it is i'm not worried about what anybody else's opinion is and i'm not worried about what people can do or what they think they can do i can out trade everybody out here period and a story done i'm ready to prove it it never gets taken when i tell you to go look at chris lauria if i tell you to go study white golf and tell tell me after you've done that if you think that you clearly see me
• 91:30 - 92:00 doing these things no one has ever done that and came back and said yeah you know it you're doing it they've always said yeah there's nothing that's like nothing like that students that are under chris lorie right now they're in my group too and they always send me emails why you keep talking about that there's nothing you're doing that chris is teaching or even taught and the same thing i want you to if i was doing these very things okay if i was reteaching and renaming and rehashing things that other people do why the hell would i tell you to go and
• 92:00 - 92:30 study them think about that think about the logic of that when i was on baby pips i said hey look you know if you're looking for somebody outside of me and you want to learn forex price action stuff you know chris laurie's got a good program going done i spent two months there and i said you know what what you're doing is good and we had a lot of conversations and we were going to do a a seminar but because of my personality it brought a lot of uh like i said i'm very controversial i'm
• 92:30 - 93:00 not a team player okay obviously you can hear it in my voice and the things i say listen i'm not i'm not looking for a team okay i'm my own team and i don't like losing i like winning and i don't want to waste my time with things that aren't going to make money period if it can't be used to make money then you shouldn't be bothering with it and i believe wholeheartedly that if you trained under chris lori you will find a profitable way of
• 93:00 - 93:30 trading how long will it take i don't know can you do that with me yes i believe that too can you do it with white cough i know people that trade with you often they're profitable but when i sat down with them and i showed you like some of the things i showed you in this video here it made them appreciate the things that are not known widely in the universe of trading it just they don't first of all you're not going to hear someone get up on a stage in front of people and say the markets are absolutely rigged
• 93:30 - 94:00 the previous day's data will give you the information it causes the calculations to the pip that the previous day gives you the next day's high and low before it forms and it's compiled at midnight new york time if someone sat there and got on cnbc okay and say okay listen um just so you have your heads up the central banks peg their daily highs and lows at midnight new york time and they do this every single day for every currency
• 94:00 - 94:30 and you can follow this and know what it's going to do within five pips variants how much attention do you think that would garner a lot and i've been saying this since 1996 and i have not i've never ever advertised i've never advertised i've never put an ad on facebook i've never put an ad on youtube i've never advertised anything except
• 94:30 - 95:00 for one classified ad that i put on rob report and one wall street journal ad that's it that's it that's all i ever did and most of everything else was people seeing me finding me because it's very hard to manage all you there's a lot of you and so many different personalities so many team mentality and it's mostly the younger people the the millennials they come in contact with me and they think well i'm going to take this guy's
• 95:00 - 95:30 stuff and i'm going to repackage it and i'm going to get so rich and i'm going to do this i don't need to ever trade let me tell you something i have made so much money trading the paper trades and the demo trades in this mentorship that i would never need ever to trade another live account ever let that sink in and knowing that okay i want you to understand i'm not doing it to brag i'm telling you why
• 95:30 - 96:00 it's important to listen to someone like me i'm not motivated by image i have nice cars i have nice homes i have nice everything and that's not why you should be doing this because if you're listening to someone and they're flashing cars that they don't own you know in in locations that they don't live in these are all just destinations they got to because they sold something and it's not a profitable position they sold
• 96:00 - 96:30 you know information that generally isn't theirs and they're flying around on airplanes that they didn't pay for that ticket with trading profits so i've never wanted to go that route never i never want to go there i knew if i walked in here in the foreign exchange universe like mike tyson no flash i walk out here with a towel over my shoulders no socks i'm not trying to flash anything and i go out here and i knock out these markets and anybody else that's willing to compare themselves with me
• 96:30 - 97:00 i'm not interested in all that image stuff i'm interested in making an impact on your life because that's what i promised if it was given to me then i would spend the rest of my life teaching it and i do yes there's things that i sell that are going to be only in mentorship do you need that to be profitable absolutely not you don't ever need to buy my mentorship you don't ever need to buy another person's course
• 97:00 - 97:30 if you don't find profitability in my youtube channels lessons then trading is not for you think about what i just said there if you go out and you buy another person's course and you have not gone through this youtube channel in its entirety you're a fool because i'm going to tell you something there has never been anyone that comes to this youtube channel and says i wasted my time there the only complaint you're going to get like with this video i talk too much you know i'm talking to
• 97:30 - 98:00 you i'm not demonstrating toys i'm talking to you i'm trying to make a connection with you because i'm telling you i wish i wished a god almighty that i had this when i was coming up i am a real person i have made millions of dollars i have done things stupid and lost tons doing stupid things
• 98:00 - 98:30 everyone knows me as the demo baller and you all understand why because i'm not going to take on that liability i'm not licensed and these young people that talk all that smack saying oh yeah if he was this he was that listen there's a world cup trading contest that's sitting right there every year put yourself on the leader spot call me out and i'll take your spot in one week and that's as plain as i can make it for you i'm going to give you more insights in
• 98:30 - 99:00 institutional trading and smart money concepts and i'm going to give you with examples and executions um it's not just always pointing to something after the fact i can do that and you can learn from that but it's better when you can get it proven to you when it's shown to you in detail and my my goal is for you to number one feel confident that you're in the right place listen did it cost you any money to click this play button no maybe you feel like i've talked too
• 99:00 - 99:30 much and maybe i didn't say enough that what you wanted me to cover i've said it all already in the youtube videos you're looking for that five-minute trainer that says this is what you do every single day that doesn't exist folks it doesn't exist because there's a lot of those five-minute trainer type videos on youtube where the kids sit on there and they say i took a trade over here just you didn't learn anything from that and he didn't even show you or she didn't show you an execution
• 99:30 - 100:00 where's the proof that you took it even in a demo show me your point of entry show me how you manage your stop 99 of time these people aren't even using stop losses so if you're not sharing a stop-loss location you didn't take a trade you didn't take that and that's exactly what you see on social media today you see everybody wanting to show their entry and where the market is now you know what that trade is that's a trade they put on three or four days ago maybe even a
• 100:00 - 100:30 month ago and now it looks like it's profitable and they're in such a hurry to show it to you because they're thinking that the trade is going gonna move to an unprofitable state they hurry up and share that screenshot on social media and everybody says wow look at that there's no stop-loss on it there's a guy over there on instagram that made a name for himself doing all that stuff no stop-loss whatsoever and he was unwilling to show that he could do anything close to what i do come on sean still available
• 100:30 - 101:00 anyway i want you to think about what i showed you today i want you to investigate yourself don't take my word for it dig into this youtube channel and then dig into the white golf and you tell me okay if you see the similarity anywhere because this doesn't exist it's void of anything like off nothing nothing there folks
• 101:00 - 101:30 and i've said this all along i've said it numerous times over the last 10 years all you have to do is investigate the things i'm sharing publicly and if you do that that's the testimony that stands the test of time like i said i could do this in front of a court of law period end of story everybody else they ain't gonna do that because they can't number one
• 101:30 - 102:00 two they don't know what they're doing i know how to do this i can do this i do do this and i can teach it to you too will you be perfect will you lose money if you trade with life funds yes you will lose money will you be perfect no you won't be i'm not perfect i know where i'm going to be wrong most likely and i try to avoid those environments i've learned over the last 27 years the things that will lead to
• 102:00 - 102:30 high probability and i also know the things that i like to see in price action there's a lot of patterns i know in scenarios that may unfold a specific way but i don't have an affinity for them but i teach them because i know enough about human psychology that there may be a large degree of the viewership here that may like to do those very setups just because it doesn't resonate with me
• 102:30 - 103:00 doesn't mean it won't resonate with you so i try not to press everybody into a specific mold because i don't think that works it didn't work with me obviously i tried to be a duplicate of larry williams and get it i get it listen everything that you guys hear me talk about it's so different it's so powerful it's precise it's just unbelievable and i know i get it and a younger me would have been flattered by all of it but
• 103:00 - 103:30 i can tell you i'm ashamed of what i did on america online because i was pretending to be equivalent to larry williams when i wasn't even close like i didn't know anything i was just going by what my last few trades were and they were over leveraged and many times i didn't even have a stop loss think think about that that's absurd it's absurd and i was carrying on on america online like i was some rock star i was nothing
• 103:30 - 104:00 like i am today nothing i respect these markets because they've taken lots of money from me and i don't like losing i hate losing so i've spent my entire life trying to decipher the things that caused me as an individual to get tricked by the marketplace and there are specific things that these markets do that they are doing by default it's not like um they're looking just for your stop or they're looking for
• 104:00 - 104:30 this or that there are specific things that they're just doing that they're programmed to do and it doesn't sound normal it sounds like no way this is going to be like this it's all buying and selling pressure that's the reason why the market's random i'm going to say right now there ain't nothing random out of these markets there's nothing random zero and if it was all buying and selling pressure then why is these markets stopping at the pip i'm looking for turning and going to another level to the pip that i'm looking for every single week
• 104:30 - 105:00 think think how could a a kitchen sink approach of all these retail theories how could they all be fighting each other and yet take a step outside of all that stuff and don't don't refer to any of it don't look at it and when there's times when you can use it as an opposing opinion everything works perfectly like a swiss timepiece folks listen that kind of stuff just
• 105:00 - 105:30 doesn't happen unless it's programmed to do so and all of you individuals out there on these team mentalities oh i'm team harmonic i'm team elliott wave and team supply and demand team white golf all of you are fighting each other trying to be something that your theory isn't never going to deliver it's never going to deliver like this will and you all get to test drive it for free just listen to me
• 105:30 - 106:00 go through every video on this youtube channel go through every single one of them take copious notes and i promise you i guarantee you you are going to learn more here than you will learn anywhere else bar none and you're going to see and understand more about price action than you ever would learn from any course any book any author any educator any mentor none period
• 106:00 - 106:30 and with that i'm going to close this one and i'll talk to you next week enjoy your weekend be safe good luck and good trading