YouTube transcript (XwYYWBttWro) — Transcript
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- 0:22okay
- 0:23folks we are in the second teaching of a
- 0:27series of eight for the month of
- 0:28September 2016
- 0:31and you've seen this before but I just
- 0:33want to bring this up to you one more
- 0:35time uh this is the market efficiency
- 0:38Paradigm and what this generally is
- 0:41depicting or what I was trying to
- 0:42communicate by drawing it out is we as
- 0:45new Traders are collectively part of
- 0:48this larger hole over here of uninformed
- 0:52money and whether we acknowledge it or
- 0:56whether we believe it or what uh we will
- 1:00invariably come in contact with the
- 1:02understanding that there is a smart
- 1:03money group of Traders out there and
- 1:06when I first got involved in trading I
- 1:07didn't know anything about smart money I
- 1:09I just knew that the markets were
- 1:11potentially there and I could be
- 1:13profitable and in fact I was going to be
- 1:15profitable I knew it I couldn't believe
- 1:17I ever lose money until I lost
- 1:19it so uh when we as Traders look at the
- 1:24marketplace as new investors new Traders
- 1:27new speculators um we may or may not
- 1:29have the understanding that there is a
- 1:31smart money entity out there and we as
- 1:35the larger populace of retail minded
- 1:39trading we think because of our sheer
- 1:42vastness okay we are the driver okay of
- 1:46this apparatus that's called The
- 1:49Marketplace and we tend to think of
- 1:51ourselves as the drive axle of what
- 1:54makes the markets go up and down which
- 1:55is the fac that's the facade of supply
- 1:58and demand that's the facade of trend
- 2:01lines driving price when it touches it
- 2:03that's the facade of moving average
- 2:05crossovers causing price go up or down
- 2:08that's the facade that's perpetuated and
- 2:10we are led to believe that that's
- 2:12exactly what takes place either in books
- 2:15or in seminars or in uh webinars or
- 2:18gurus people and I've done this when I
- 2:21was younger too I I I was convinced that
- 2:23indicators Drew price up and down and I
- 2:26I packed houses on America online when I
- 2:28got on on a chat room and people were in
- 2:31there flocking to hear the things that I
- 2:32would discuss about stochastic and RSI
- 2:35and Williams per R and I was talking
- 2:39about three momentum indicators when if
- 2:41you're just going to follow momentum
- 2:42just follow one so if
- 2:45anyone knows more about being in this
- 2:48group over here trust me it's me I've
- 2:51been I've been in this group enough to
- 2:53know that I learned more about this
- 2:56group over here that doesn't like to
- 2:58draw too much attention to itself
- 3:00but contrast that with everybody in the
- 3:03retail we all have Twitter accounts we
- 3:05all have myx books that we're sharing
- 3:07we're all trying to be on Instagram
- 3:09showing Lamborghinis and whatever else
- 3:12houses cars boats Yachts girlfriends
- 3:15they even yours everybody is living
- 3:19large over here in the uninformed
- 3:22money and smart money's over here
- 3:24quietly just doing their thing who's
- 3:27inside this small circle over here the
- 3:29bank
- 3:31who's in here everybody on social media
- 3:34everybody in a retail account all the
- 3:38gurus and teachers out there that have
- 3:39things that they're selling services and
- 3:42yes I have a new service but what I'm
- 3:45teaching you ain't available anywhere
- 3:48else see this group this large populace
- 3:51of people they think and I was part of
- 3:54this group initially they think that the
- 3:57sheer vastness and size of them
- 4:00is much more controlling in terms of
- 4:02where price is going to be driven higher
- 4:04or lower because of the buying and
- 4:05selling pressure that's equated to their
- 4:08mere involvement in
- 4:10price and that's a
- 4:13facade this huge populous of
- 4:17trading people or Traders community in
- 4:21the retail realm is really not that
- 4:24big but we are led to believe that we
- 4:27are
- 4:28huge and it we are given this this idea
- 4:32of ourselves that we're Giants we push
- 4:35price around and we don't we don't in
- 4:39fact it's this small little group of
- 4:43Traders okay they're the ones that
- 4:46influence this entire mechanism that we
- 4:48call the markets this small little group
- 4:52of Traders is actually the drive shaft
- 4:55and if this was a belt like on a
- 4:57car okay like an
- 5:00alterator this is the actual motor
- 5:04spinning the whole price higher or lower
- 5:07it's not this big circle of people so
- 5:12there has to be a paradigm shift see if
- 5:14you're over here thinking that it's the
- 5:16group of traders that is online talking
- 5:19amongst themselves as a whole they are
- 5:22the ones that make price go up and down
- 5:24because of they buying and selling
- 5:25interest because the supply and demand
- 5:27factors around them that's what pushes
- 5:29price around that's a facade and I'm
- 5:33here to tell you that you need to put
- 5:35that to bed now because I'm going to
- 5:37level everything you've ever imagined
- 5:40about the marketplace and how it really
- 5:42works you have no idea where we're going
- 5:45and you need to leave this realm and
- 5:47this circle of people in their thought
- 5:50processes and transition and have a
- 5:53paradigm shift in your thought process
- 5:55about how the markets are efficient
- 5:57because they're not efficient for the
- 5:59speculators
- 6:00they're efficient for the smart money
- 6:03the bank's Drive price whether you want
- 6:05to accept it or not that's what's going
- 6:08on and the sooner you get to that
- 6:10understanding and expectation of what it
- 6:13is that's going on in price it's not for
- 6:15your well-being it's for the bank's
- 6:17well-being it's their business they are
- 6:21the liquidity
- 6:22provider everyone else's
- 6:27liquidity are you a lamb or a
- 6:32lion which one because one of us is
- 6:36going to eat meat and the other one's
- 6:38going to stand there looking stupid
- 6:39eating grass I don't want to be a part
- 6:42of this herd I didn't want to be a part
- 6:44of it once I understood where I was I
- 6:46want to get out of there and I want to
- 6:47live over here in this small little area
- 6:50and for years I quietly made money doing
- 6:53nothing but focusing on the things I
- 6:55knew that this small group of entity of
- 6:58Traders did
- 7:00and I looked at these
- 7:02individuals initially with disdain
- 7:05thinking I'm going to come after you I'm
- 7:08I'm going to devour you I'm going to do
- 7:09the same thing and then as I looked at
- 7:11it more and more and heard stories about
- 7:13people and their lives losing their
- 7:16homes
- 7:18marriages it tugged on me and I didn't
- 7:20want to just be over here being like the
- 7:23banks and then I bridged over into what
- 7:26you saw me do in
- 7:282010 and I revealed a lot of things in
- 7:32this mentorship you're going to learn a
- 7:33whole lot but it's not meant for you to
- 7:35share it on your YouTube channel it's
- 7:37not meant for you to share it on your
- 7:38blog it's not meant for you to pass it
- 7:40around on Twitter
- 7:43Instagram make
- 7:45Torance it's not supposed to be there
- 7:49it's only supposed to be between you and
- 7:53I you're welcome to share this with your
- 7:56this information with your children and
- 7:57your family members
- 8:00start a legacy but don't make this
- 8:02common knowledge it's going to happen
- 8:04some goobers is going to take this stuff
- 8:06and be the one that you know I'm the
- 8:08cool guy I'm the one that got in there
- 8:11and made it
- 8:12all accessible to everyone else she can
- 8:15feel the like the
- 8:17hero that you're not really doing
- 8:19yourself a
- 8:21favor let this stuff stay well hidden
- 8:25you're paying for it appreciate it for
- 8:28what it is
- 8:30and don't share it it's not going
- 8:33mainstream you're this is the group that
- 8:36we have whoever can make it in between
- 8:38October 1st and now that's it that's it
- 8:42because when we leave September and
- 8:44October we're buttoning up all of the
- 8:46free tutorial stuff and we're going
- 8:48right
- 8:48into the nut symbol to where we got to
- 8:51go to to get to the latter
- 8:53months see when we come into the
- 8:56marketplace we don't understand this we
- 8:59think that this group that we're part of
- 9:01we are the the the the market we are the
- 9:04market we're the Traders we push price
- 9:06up and down
- 9:08but if you were honest with yourself if
- 9:11you've traded at any time and you looked
- 9:13back on your trading you probably looked
- 9:15at the market and you saw something like
- 9:17this you you knew something was going on
- 9:20and you just you just couldn't put it
- 9:22together you see these vague things that
- 9:26take place in the marketplace your stop
- 9:28gets run it looked exactly like it was
- 9:30going to go up but it came all way down
- 9:31not to then then went up you see these
- 9:34things happening to you you just can't
- 9:36figure it out you know there's something
- 9:37to
- 9:38it you've had the Sensation that you
- 9:41yeah this is rigged my Brokers have to
- 9:43get me it's not really your broker it's
- 9:45the interbank feed that drives price
- 9:48against the funds and the Brokers are
- 9:50going to expand the spread as well on
- 9:52you and knock you
- 9:55out when you look at the price action as
- 9:57a new Trader and you didn't have this
- 10:00exposure to understanding how the
- 10:01markets are being driven and manipulated
- 10:03to the degree of every single minute
- 10:06detail they're absolutely controlled
- 10:09it's an AI it's artificially
- 10:11intelligence and it's you are not
- 10:13trading against a person anymore it's a
- 10:17computer program that delivers price and
- 10:19it knows human behavior because it's the
- 10:23same way it's been always fear and greed
- 10:26so when you look at price and you've
- 10:28been trading for a while and you had
- 10:29this
- 10:30fuzzy picture about something going on
- 10:32behind the scenes but never really
- 10:34understanding what it was until you met
- 10:37me and there suddenly there's Clarity
- 10:40suddenly you understand that there's
- 10:42something that's been there all
- 10:45along now you can identify it and what's
- 10:48more important is you understand how to
- 10:50track it and do the same thing it does
- 10:54and by default you
- 10:57become a resident of small circle
- 11:00because this small circle is the drive
- 11:02shaft it which makes the markets go
- 11:04around it's not the big populace of
- 11:07Traders it's the liquidity
- 11:10provider so you need to be thinking like
- 11:13this small group is over here they're
- 11:15not trying to draw attention to
- 11:17themselves they're not trying to be
- 11:18online flashing this and flashing that
- 11:21they're just quietly in here skinning
- 11:23people alive and you've been there
- 11:25before and just just as well as I have
- 11:28you either St this business long enough
- 11:30to leave this group and come over here
- 11:33or sit back in the middle here you get
- 11:35real close to being there and you get
- 11:36bounced back to this group get real
- 11:38close to uh you know getting over here
- 11:39and you start developing a little bit
- 11:40more and you play tug of war some of you
- 11:43in my group right now in this mentorship
- 11:45you're in this little area right here
- 11:47where you can see there's some signals
- 11:49and signs of a real entity of smart
- 11:51money in play but you're not fully
- 11:53convinced to leave this group yet you
- 11:56have too many convictions about your
- 11:59your tools your indicators your your pet
- 12:02Guru your buddy that has a website
- 12:05that's so cool to
- 12:07you it's just not enough you got to be
- 12:11able to release all that stuff and just
- 12:13leave it all behind and join the smart
- 12:14money because trust
- 12:17me we're not serving cookies but it's a
- 12:20way better lifestyle over here than it
- 12:23is over
- 12:26there in the first video I gave you
- 12:28elements to a trade set up and I give
- 12:30you two characteristics to it there's
- 12:33context and framework around the trade
- 12:35and then obviously those refer back to
- 12:38institutional order flow so you have to
- 12:40be able to bridge the two understanding
- 12:42expansion retracement reversal and
- 12:43consolidation and applying them to
- 12:45respectively order blocks fair value
- 12:47gaps liquidity voids liquidity pools
- 12:49stops om run I'm sorry uh stop runs and
- 12:54equilibrium what does that mean for us
- 12:57for instance in the scope of of price
- 13:00how can we use these ideas and make them
- 13:02applicable to price now I know some of
- 13:05you are chopping at the bit to learn
- 13:07long-term trading because you can't do
- 13:08day trading but bear with us as we go
- 13:11through these first couple months
- 13:12because I want you to give you immediate
- 13:14feedback and the way you get that is by
- 13:16using intraday study because you get a
- 13:20lot of feedback in intraday action that
- 13:22is applicable to longer term charts but
- 13:25you can't I can't teach long-term day
- 13:27trading I'm sorry long-term Trading on
- 13:29daily chart inside of 12 months
- 13:31adequately it can't be done because
- 13:33you're only looking at a scope of one
- 13:34year but with intraday it's like
- 13:37compressing years of data in just 30 you
- 13:42what it not even 365 days really 200
- 13:45something days that we're going to be
- 13:47together so let's look at the daily
- 13:51range suddenly expansion retracement
- 13:54reversal and consolidation mean
- 13:55something every day starts with
- 13:57consolidation Asian range after midnight
- 14:01there's a manipulation that takes place
- 14:03that's expansion it's coming in form of
- 14:06a Judah swing what is it doing it's
- 14:08making the higher low in London that's
- 14:12the London swing for a reversal that's a
- 14:14run on stops then there is another
- 14:16expansion move okay down into the the
- 14:19New York session then there's going to
- 14:21be what another consolidation that's the
- 14:24New York consolidation going into the 8
- 14:27to 8:30 news zar go lift where there's
- 14:31going to be another injection of
- 14:32liquidity or a
- 14:35reversal then there'll be another
- 14:37expansion and then we go into London
- 14:40close which is another reversal
- 14:41condition and then what happens the
- 14:43market goes in consolidation for the
- 14:45rest of the day so we have a way of
- 14:48looking at these things and applying
- 14:50these Concepts to time of the day and
- 14:54repeating
- 14:58characteristics let's get back to the
- 14:59interbank price delivery
- 15:01algorithm the daily range structure can
- 15:04be
- 15:05really broken down and simplified with
- 15:09it starts with a price equilibrium
- 15:11that's Asian range then there's a
- 15:14manipulation and that's always going to
- 15:16come by way of some news event some news
- 15:19driver either at the time of the
- 15:21manipulation or just before it that's
- 15:24the Judah swing then we'll see a range
- 15:27expansion in other words after the
- 15:29higher low is formed the range will
- 15:30start expanding it'll go down into 5:00
- 15:34in the morning New York time or go up
- 15:38into that time window depending upon the
- 15:40daily direction we're going to use the
- 15:42perspective it's a buy day that means
- 15:45that Asia the Asian range had a small
- 15:48consolidation and then right after
- 15:49midnight New York time there's a drop
- 15:51down in price that's the manipulation
- 15:53making the false move for the low
- 15:55there's a range
- 15:57expansion then it goes into to the
- 15:59reversal that's classic London open
- 16:03scenario where it shoots down runs the
- 16:05stops and then what happens it expands
- 16:09again there's another range expansion
- 16:11into what 5:00 in the morning New York
- 16:14time between 5:00 in the morning to 8:00
- 16:17in the morning in that time window the
- 16:19market will go back into consolidation
- 16:23then it'll have a retracement between
- 16:248:00 and 8:30 in the morning New York
- 16:26time then it'll have either a reversal
- 16:29in New York session or another expansion
- 16:32move the range will expand and make the
- 16:34rest of the day going up into 10:00 or
- 16:3611:00 in the morning New York time where
- 16:39it will have a reversal again that's
- 16:42London close then the market will go
- 16:44into consolidation ending true day at
- 16:4719001 Forex LTDs uh platform if you
- 16:51follow along with the videos we've been
- 16:53doing so far this month you'll know
- 16:54exactly what I'm talking
- 16:56about so we can see the inter Bank price
- 16:59delivery algorithm on a daily basis by
- 17:02studying these events and then seeing it
- 17:05over a period of time you'll know what
- 17:07is most likely to happen now let's look
- 17:09look at it a little bit
- 17:11further if we're looking at Price
- 17:13delivery and this is the model that
- 17:15comes by way of my understanding of how
- 17:17the ENT Bank feeds price to everyone if
- 17:21we're focusing on delivery of price we
- 17:23have to understand that it all starts
- 17:25with a
- 17:26consolidation nothing can happen until
- 17:28cons idation consolidation is when the
- 17:31Market's quiet why why is that important
- 17:32because that's when the orders are
- 17:34building up in the marketplace the
- 17:35market makers will allow orders to build
- 17:37up above and below the
- 17:38range the next stage is always expansion
- 17:43it's not consolidation to retracement it
- 17:45can't retrace it hasn't moved anywhere
- 17:47it has it can't go consolidation
- 17:49reversal because it has to come out of
- 17:50the consolidation so when you see a
- 17:52consolidation or holding pattern you got
- 17:55to think the next leg is going to be in
- 17:57price it's going to be an explosive move
- 17:58or an imp impulse leg impulse price
- 18:00swing movement you need to see Movement
- 18:04by determining what that movement is in
- 18:06what direction is relative to the
- 18:07conditions you're trading in once we're
- 18:09in the expansion stage okay then you
- 18:12have a choice it can retrace come back
- 18:15to the order blocket just left behind
- 18:16and then recapitalize that and then make
- 18:18another leg up or down relative to the
- 18:21direction it's moved or once it's moved
- 18:24into expansion it can
- 18:27reverse once it reverses okay there'll
- 18:30be another expansion then it goes back
- 18:32to a
- 18:33consolidation the main thing is I want
- 18:35you to understand is is it never goes
- 18:37consolidation retracement it never does
- 18:39consolidation reversal it's always
- 18:41consolidation expansion and then from
- 18:43expansion it goes either retracement or
- 18:47reversal it does not do consolidation
- 18:51expansion consolidation that does not
- 18:53happen it does a consolidation expansion
- 18:58either retrace for another
- 19:00uh move into a order block and then
- 19:02recapitalize it and do the same
- 19:04direction it moved when it made an
- 19:05expansion or it goes from expansion to
- 19:10reversal when you understand
- 19:13this algorithm the way it moves and way
- 19:16it operates it's very generic it's very
- 19:20systematic it has only a few options to
- 19:23go to and they're time sensitive they're
- 19:27day sensitive okay they're intermarket
- 19:30related so so when one market mes moving
- 19:33real fast if you understand the
- 19:35relationships like I'm going to teach
- 19:36you over a couple months you'll know
- 19:38where the trade's setting up because
- 19:39one's being held and the other one's
- 19:41letting letting it run which is the
- 19:43importance of knowing what the Euro
- 19:44pounds doing it for trading fiber or
- 19:46cable all these things are going to
- 19:48blend together and you'll know exactly
- 19:51how I'm doing these things internally
- 19:52and I'm doing it on the Fly I'm not
- 19:54measuring things and writing this down
- 19:56writing that down making notes over here
- 19:57I just know by looking at Price what I
- 20:00should be seeing and you see it I'm
- 20:01thinking out loud in the videos when I'm
- 20:03doing the live sessions with
- 20:05you all aiming at your better
- 20:07understanding of price delivery and when
- 20:09you understand these things when you get
- 20:12to the the level of month 8 and month
- 20:15nine in the mentorship you're going to
- 20:17be so strong at knowing what the next
- 20:20thing's going to happen in your in your
- 20:22price that you're studying you'll know
- 20:25all these four things okay there's only
- 20:29certain processes that have to take
- 20:31place in a certain order like I said it
- 20:33can it never goes consolidation reversal
- 20:36it never does consolidation and
- 20:37retracement it goes consolidation to an
- 20:40expansion move there's an Impulse leg up
- 20:42or down it's either going to retrace
- 20:44back down into where it just ra rallied
- 20:46up from or it's going to Rally back up
- 20:48into where it just dropped down from the
- 20:51consolidation starts at all they're
- 20:53going to run an expansion and then once
- 20:55it expands he's either going to come
- 20:57back and retrace and give another leg up
- 20:59or down or it's going to reverse and
- 21:02then from the
- 21:04reversal start applying time the general
- 21:08structure is consolidation in Asia
- 21:12expansion reverse in London make a
- 21:15higher low of the day then
- 21:17expand small consolidation in New York
- 21:21retrace between 8:00 and 8:30 in the
- 21:23morning New York time another expansion
- 21:25move reverse back to consolid
- 21:30you understand price delivery then you
- 21:33will not learn it just by what I just
- 21:35explained to you just there but you'll
- 21:37use this as a model that repeats itself
- 21:40over and over and over
- 21:43again when you have higher time frame
- 21:46directional premise understood and then
- 21:48you look at this price delivery algo
- 21:51it's so easy to know what the price is
- 21:54going to do every single day since the
- 21:56last week of August we've been together
- 21:58and every single day I've given you
- 22:00something that went right to the PIP or
- 22:02had an explosive Direction move where
- 22:04you could have taken 50 to 60 Pips out
- 22:06and I don't trade that much every day
- 22:08but I'm showing you by desensitizing you
- 22:11to fear and greed there's no need
- 22:14there's no need for those things what
- 22:16we're teaching is consistency the
- 22:19ability to see these things happening
- 22:20all the time and also exercising
- 22:23willpower on not wanting to make money
- 22:27so you're suppressing the desire to make
- 22:28money you're developing your patience
- 22:31and you're learning a great deal you
- 22:33have no understanding of how much you're
- 22:35learning just in these first two videos
- 22:37but I'm telling you you'll be able to
- 22:39look back on this months from now and
- 22:41say man that was a huge step I didn't
- 22:44appreciate until
- 22:46now there's a certain process the way
- 22:48the price is delivered and it can't be
- 22:50changed it won't be changed and don't be
- 22:53afraid because you're learning it 700
- 22:55people is not going to turn the whole
- 22:56world around okay and they stop doing
- 22:58it's not so again in closing take the
- 23:03information I'm giving you stuff it
- 23:05under your mess stick it in a uh you
- 23:09know a love letter to your grandkids on
- 23:11you know how to do it but don't Market
- 23:13it don't don't do that okay not because
- 23:15I'm going to lose sales it's just it's
- 23:17too good to share and you're going to
- 23:19see why I've kept it for so long and not
- 23:21wanted to do it
- 23:24and hopefully you guys will take this
- 23:26information and do something really
- 23:28great with with it and that means not
- 23:29starting a website selling it okay
- 23:34uh there's nothing more I can say about
- 23:36this video except for there is a process
- 23:39that you're going to learn that is very
- 23:41generic and it will not break it will
- 23:44not stop working and when you look at
- 23:47the marketplace in your charts I want
- 23:49you to
- 23:49think it doesn't matter what time frame
- 23:52you're looking at I'm just using the
- 23:53daily range to give you how easy it is
- 23:55to see when a
- 23:56repeating um format so simple every day
- 24:00you get an opportunity to study and see
- 24:02how it works that same thing happens
- 24:04with a weekly range the weekly range is
- 24:06the same thing Sunday's open
- 24:08consolidation then there's an expansion
- 24:10move in Monday then what there's a
- 24:13reversal on Tuesday or or Monday and
- 24:16then what there's another expansion move
- 24:18then it goes back in consolidation
- 24:19midweek and then it's either going to do
- 24:21what it's going to
- 24:22reverse or it's going to
- 24:25retrace it's never doing consolidation
- 24:28retrace M it's never doing consolidation
- 24:30reversal it's consolidation expansion
- 24:33then from expansion you're making a
- 24:34choice is either going to retrace back
- 24:36or it's going to
- 24:38reverse trust me it seems like you still
- 24:41have a lot of choices to make but it's
- 24:42not and when you understand what you're
- 24:44looking at in terms of price you'll know
- 24:46if it's really leading to a reversal or
- 24:48if it's really going to re retrace and
- 24:50give you another opportunity to get in
- 24:51that another leg up or down that you saw
- 24:54in the first impulsive move and believe
- 24:57me you'll need to go back to this video
- 24:59even though it's the second one you'll
- 25:01come back to this video as we give more
- 25:04details along the lines of price
- 25:06delivery over the next couple months
- 25:09month four and five you'll still refer
- 25:10back to this one and you'll see there it
- 25:12is it's been there all along so that
- 25:14guys I'm going to wish you good luck and
- 25:16good Trading
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