Boot Camp Day 4: Trends — Transcript

Full transcript

1. 0:00yo what's good welcome to boot camp I
2. 0:03believe day four now and today is going
3. 0:06to be another trading day Okay so
4. 0:09we talked about candlesticks and then we
5. 0:11had two talks on discipline hopefully
6. 0:13you guys learned something from that
7. 0:14hopefully you guys did your homework but
8. 0:15today we are going to be talking about
9. 0:17Trends we're just going to jump right
10. 0:18into it no reason for us to sit around
11. 0:21okay I have some notes on my phone so I
12. 0:23don't get lost in my own thoughts but
13. 0:26we'll just jump right in okay so Trends
14. 0:29within the market again you're probably
15. 0:30going to say oh my God this is recap I
16. 0:33know we have to cover these super basic
17. 0:35simple [ __ ] before do I have bed bugs
18. 0:38um no okay
19. 0:39um but before uh we actually get into
20. 0:43the difficult stuff like strategy and
21. 0:44actually executing okay
22. 0:46um because all of these little things
23. 0:47end up being like the the massive
24. 0:50umbrella over these small things that
25. 0:52you try and master you try and master
26. 0:54strategy you try and master execution
27. 0:55but you don't even know where the trends
28. 0:57going you can't even read a Candlestick
29. 0:59okay so how do you expect to perform in
30. 1:01the market if you don't understand these
31. 1:02simple things so with that being said
32. 1:04let's talk about Trends okay so the
33. 1:06first
34. 1:07first point that I want to talk about
35. 1:09why do we even care about the trend
36. 1:11because it dictates where the market is
37. 1:13going okay markets move off of momentum
38. 1:16okay so once once Market starts trending
39. 1:19okay odds are it's going to continue in
40. 1:22that direction okay so what even is a
41. 1:24trend in the first place okay
42. 1:27um a trend is literally it's it's almost
43. 1:29like
44. 1:30um you have a basketball on a flat
45. 1:33surface and you just push it right it's
46. 1:36going to roll and Roll and Roll and Roll
47. 1:38okay
48. 1:39um because of that momentum that's
49. 1:41pushing it Forward okay same thing with
50. 1:44Market okay when Market gets a little
51. 1:47push or a market structure shift it's
52. 1:49going to start trending okay so whoa
53. 1:53glitching this is why I need my PC which
54. 1:56is coming in like
55. 1:58three weeks but I ordered it and it's on
56. 2:01its way
57. 2:02um but anyways why do we care about the
58. 2:04TR the trend because it tells us exactly
59. 2:06where Market's going okay so the very
60. 2:09first thing that we need to understand
61. 2:11is how can we spot a trend within the
62. 2:13market and it's honestly one of the
63. 2:14easiest and one of the most simple
64. 2:15things
65. 2:17um taught in day trading okay so when
66. 2:20Market is trending higher okay we can do
67. 2:23this
68. 2:25that was terrible but
69. 2:27when Market is trending higher there we
70. 2:30go put a little cap on it
71. 2:32it moves in higher highs and higher lows
72. 2:35right
73. 2:38it'll look something like this just with
74. 2:41a bunch of little candlesticks in the
75. 2:42way and and we'll show real life
76. 2:44examples of this on charts but right
77. 2:47this is like a very simplified version
78. 2:48of a trend right this is a high this is
79. 2:51a low when it pushes past this High it
80. 2:54makes a new high that's higher than the
81. 2:56previous one and it makes a new low
82. 2:57that's higher than the previous one okay
83. 3:00so higher highs and higher lows right
84. 3:03just like that and it continues all the
85. 3:06way until it breaks its Trend okay
86. 3:12so same thing with the downtrend just
87. 3:14the exact opposite Okay so
88. 3:16for downtrends it is lower highs and
89. 3:20lower lows oops
90. 3:23that is honestly what a chart could look
91. 3:25like though shrink okay that was
92. 3:29terrible I had to do it with like my
93. 3:30other finger but because I don't have a
94. 3:32mouse yet okay so right downtrend very
95. 3:36similar we have a high right here then
96. 3:38we make a low right here let's say we
97. 3:40had a low here as well and we had low
98. 3:42right here right this low is lower than
99. 3:44this one this high is lower than this
100. 3:46one and it continues okay and it's
101. 3:49really easy to see these trends
102. 3:53what oh oops
103. 3:56it's really easy to well you guys got
104. 3:58the point
105. 3:59um it's really easy to see these Trends
106. 4:01within markets
107. 4:03okay
108. 4:07so
109. 4:09right if we just go to the Daily
110. 4:12right here
111. 4:15okay we see
112. 4:18or this is just a most more recent
113. 4:21breaking structure we can
114. 4:24um
115. 4:26we can highlight this one right here
116. 4:27okay
117. 4:29so right down over here
118. 4:34okay we have
119. 4:36boom
120. 4:38a high then a low boom what do we get a
121. 4:41higher high than a higher low then boom
122. 4:43what do we get a higher high a higher
123. 4:44low okay boom what do we get a higher
124. 4:47high a higher low
125. 4:51oh
126. 4:53boom higher high higher low higher high
127. 4:56higher high now lower low because we
128. 4:59just surpassed this so what can we
129. 5:00assume that Market's going to do now
130. 5:02that it broke structure it's probably
131. 5:04going to flip its direction right let me
132. 5:06get all these drawings off of here so it
133. 5:08looks better but you can see that right
134. 5:10once we broke structure and changed
135. 5:12direction of the trend we continued that
136. 5:15for a while right and now that we just
137. 5:18broke structure odds are we're going to
138. 5:19start trending in the opposite direction
139. 5:21for a little bit okay so with this
140. 5:25understanding what what can this help us
141. 5:26do Trends give us the overall idea of
142. 5:29where Market is going is it exactly how
143. 5:32we're going to execute every single time
144. 5:33no right we we that's not how we're just
145. 5:37we're not just going to go okay once the
146. 5:39once the high gets pushed above we're
147. 5:41going to enter a trade right that's how
148. 5:43you can get stopped out there's there's
149. 5:44a bunch of problems with that and we
150. 5:46want to optimize our entry however the
151. 5:49trend is Pretty much telling us what
152. 5:51direction to place our trades in okay
153. 5:53because if Market is trending in One
154. 5:55Direction why in the world right if
155. 5:57Market is trending to the upside why in
156. 5:59the world would you try and take a trade
157. 6:01to the downside if the momentum is
158. 6:03pushing it to the upside wouldn't you
159. 6:05want to ride that wave wouldn't you want
160. 6:06to you know be be on right it's like
161. 6:10um it's like if you're in a car right if
162. 6:13you're in a car and you don't have a gas
163. 6:15or a brake pedal and you want to get to
164. 6:18and you want to get to a certain point
165. 6:20okay there's two there's two roads that
166. 6:22you can take uphill or down Hill okay
167. 6:25which which car are you going to get in
168. 6:27the one that's going uphill or downhill
169. 6:30if you want to get to the end of that
170. 6:31road
171. 6:32you're probably going to want to go
172. 6:33downhill right because the momentum will
173. 6:35just take you there instantly versus if
174. 6:37you try and go uphill you're not going
175. 6:39anywhere right it's very similar with
176. 6:41with trading and these Trends okay you
177. 6:44want to be able to
178. 6:46follow this wave okay follow the
179. 6:48momentum because that's where price is
180. 6:50going to go either way right there's no
181. 6:52reason to try and catch a retracement
182. 6:54because one you don't know how far or
183. 6:57how deep that retracement is like this
184. 6:59right here we had a very small logo
185. 7:01formed here and this we had a very big
186. 7:04low but the but the extension is always
187. 7:07the same the extension always goes past
188. 7:10the high right we see the high get
189. 7:12pushed through high get pushed through
190. 7:13high get pushed through high get pushed
191. 7:15through every single time high gets
192. 7:17pushed through
193. 7:18okay
194. 7:19so with that being said wouldn't it make
195. 7:22sense for us to follow that momentum
196. 7:24okay so that is our goal if you can
197. 7:25identify a trend okay which most of you
198. 7:28guys should most of you guys should be
199. 7:30able to do that because it's a fairly
200. 7:32um beginner
201. 7:34um beginner subject all right but you
202. 7:37want to follow these overarching Trends
203. 7:39okay and when I say overarching Trends
204. 7:41this is where it gets kind of tricky
205. 7:43because people get so caught up in all
206. 7:46these different time frames okay they
207. 7:48see different Trends on a bunch of
208. 7:50different time frames right there's
209. 7:51there could be there could be a hundred
210. 7:53different Trend switches and changes on
211. 7:56the 15 minute
212. 7:58over the course of this weekly uptrend
213. 8:01that we outlined right there's probably
214. 8:03way more than that there's probably like
215. 8:04a couple thousand different Trend
216. 8:06switches and changes within that Weekly
217. 8:08up uptrend on the 15-minute time frame
218. 8:11and that's where people go wrong a lot
219. 8:13of the times they get so caught up on
220. 8:15these small time frames saying oh the 15
221. 8:17minute broke structure
222. 8:19but but higher time frames hold higher
223. 8:22power if the four hour is saying no
224. 8:24we're bearish we're bearish right now
225. 8:26it's going to go lower and lower and
226. 8:28lower but the 15 minute just broke
227. 8:30structure why do we care about what the
228. 8:3215 minute is saying right we want to we
229. 8:34want to use the 15-minute in Confluence
230. 8:37with the with the higher Trend so right
231. 8:40if the four hour if the daily if the
232. 8:42weekly is telling us that market is
233. 8:44going to go down in the 15 minutes
234. 8:46telling us Market's going to go up why
235. 8:48don't we just wait for the 15 minute to
236. 8:50tell us okay Market's going to go down
237. 8:52now
238. 8:53right that would make sense because then
239. 8:55we can follow the trend of the market
240. 8:58okay and then also scale down to the
241. 9:02shorter term time frames right because
242. 9:04we know that these high time frames are
243. 9:05going to push price in that direction
244. 9:07but we want an optimize entry right
245. 9:08that's what I was just talking about we
246. 9:10want to go on these lower time frames
247. 9:12and be able to catch the large High time
248. 9:15frame Trend moves but with an optimized
249. 9:18entry Okay so
250. 9:21that is why Trends are so important they
251. 9:23they literally help optimize your entry
252. 9:25and help push price in the direction
253. 9:27that you want price to go right going
254. 9:29against the trend is never smart and
255. 9:31this has honestly been one of my one of
256. 9:34my biggest struggles and issues in
257. 9:36trading is trading against the trend and
258. 9:39trading against my bias I'm very good at
259. 9:41being able to spot okay this is where
260. 9:43Market wants to go
261. 9:45um you know like this is I know where
262. 9:47Market wants to go on a high time frame
263. 9:49it's pretty easy to spot however when I
264. 9:51get onto these smaller time frames I'm
265. 9:53like oh wait wait a second this could be
266. 9:54a little liquidity sweep and then a
267. 9:55retracement but that's the issue right
268. 9:58we can't be trading off of retracements
269. 10:00we have to be trading off of
270. 10:03um we have we have to be trading off of
271. 10:06um
272. 10:07[ __ ] what we
273. 10:11we have to be trading off of momentum
274. 10:13I'm sorry I just space the [ __ ] out for
275. 10:15a second okay so trade with the trend
276. 10:18the trend is your friend I know it's I
277. 10:20know it's stupid but it's very very true
278. 10:22okay the trend is your friend and you're
279. 10:24probably going to say well wait tjr I
280. 10:27thought you trade off of liquidity
281. 10:28sweeps I thought you trade off of Trends
282. 10:30changing yes we do but on Lower time
283. 10:34frames right we trade off of that on
284. 10:36Lower time frame so if we see a
285. 10:37liquidity sweep and if we see like a
286. 10:40liquidity sweep on the 30 minute time
287. 10:42frame
288. 10:43and then a break of structure to the
289. 10:45downside on the five minute time frame
290. 10:46in the four hour and the daily are
291. 10:48saying bear bear bear bear that's great
292. 10:51that's perfect that means that we just
293. 10:53caught the top of a of the next leg down
294. 10:57okay that's why we trade the that's why
295. 10:59I trade the way that I do okay so now
296. 11:03that we understand how to read a trend
297. 11:05how to spot them right it's literally
298. 11:06just higher highs and higher lows and uh
299. 11:09the next trading video will will jump
300. 11:10into break of structure because that's
301. 11:12going to be huge okay I might even do
302. 11:14two trading videos on that because
303. 11:15people do seem to get confused on it
304. 11:17which is pretty interesting because it
305. 11:19is a fairly fairly simple concept to
306. 11:21grasp but I do want to make sure people
307. 11:23cover people understand it because it's
308. 11:26it is very very important when
309. 11:29understanding these markets and how they
310. 11:30move and how structure shifts and how
311. 11:32transform and how you know just markets
312. 11:36are moving in general okay
313. 11:38um so the trend is your friend trade
314. 11:41with the trend right obviously it's hard
315. 11:43for me to say at this point in the boot
316. 11:46camp it's hard for me to be like
317. 11:48yeah the downtrend it's it's hard for me
318. 11:51to tell you like exactly where and when
319. 11:54to execute because we don't have all the
320. 11:55pieces yet right this is just giving
321. 11:58an overall umbrella right find that
322. 12:00overall umbrella and in again we need to
323. 12:03start on these main overarching themes
324. 12:06to get to get lower and lower and lower
325. 12:09and more exact so we can be able to
326. 12:12master these small precise things within
327. 12:14price action but we have to understand
328. 12:16the basics first okay so right what what
329. 12:20have we learned so far we know how to
330. 12:22identify a trend literally higher highs
331. 12:24higher lows lower highs lower lows okay
332. 12:26there is another way that market trends
333. 12:28and this just reminded me of it it's
334. 12:30through consolidation okay there's three
335. 12:32different ways that Market Market moves
336. 12:34okay it's either through Trends or just
337. 12:36consolidation right look at this
338. 12:39within here right okay we we see a
339. 12:43higher high and then we see a higher low
340. 12:45but right like this is not a trend
341. 12:49when do we know that Market's trending
342. 12:52if it if it continued higher like this
343. 12:55right but no it just stayed like this
344. 12:59stat it was static stagnant didn't make
345. 13:02a move until boom right here what
346. 13:04happens okay we're making highs
347. 13:08before before this break
348. 13:11we were going higher and higher right
349. 13:13then we chop it up boom we break we
350. 13:16break the floor we break the low we
351. 13:18change Market structure and and you'll
352. 13:20you'll understand that when we get to
353. 13:22the break of structure and Market
354. 13:22structure portion but we break the low
355. 13:25and then what happens okay we have high
356. 13:29right here low right here high right
357. 13:31here boom Market structure shift
358. 13:33right now what are we in we're in a
359. 13:35downtrend okay so what can we assume
360. 13:37that Gold's going to do right we came
361. 13:39back up here
362. 13:40high low lower high lower low lower high
363. 13:45what's next
364. 13:47probably a lower low targeting this area
365. 13:49of liquidity which we will get into
366. 13:51eventually
367. 13:52right but again see how we just see how
368. 13:56I was able to just take a very simple
369. 13:59overarching subject and
370. 14:01literally like
371. 14:05this is you like this is
372. 14:09some of you could be trading like this
373. 14:11and be profitable
374. 14:14you don't believe me [ __ ] try it some
375. 14:18of you guys can trade this ideally right
376. 14:20we don't trade this way so we get more
377. 14:22optimized entries right so we can have
378. 14:24tighter stop losses right so we can get
379. 14:27higher risk reward trades
380. 14:29but some of you guys can trade like this
381. 14:31if the [ __ ] that I trade if the [ __ ]
382. 14:33that I teach doesn't make sense to you
383. 14:34you can still do the basics
384. 14:36okay you can still do the basics
385. 14:40all right so
386. 14:42there we go we we know how to identify a
387. 14:44trend okay we know that it shifts
388. 14:46momentum within the market it shifts
389. 14:48Market structure okay and and it tells
390. 14:50us the direction that market wants to go
391. 14:52okay we cannot be caught up notice how
392. 14:54when I identified that Trend again that
393. 14:57trend is is on like the 30 minute
394. 14:59okay but but it's following it's
395. 15:02following
396. 15:05the daily Trend right we have boom High
397. 15:09lower high we have a low right here and
398. 15:13another lower high and then boom
399. 15:15lower low another lower high lower low
400. 15:19probably in the process of forming
401. 15:21another lower high just to form another
402. 15:23lower low right the daily is telling us
403. 15:24lower lower lower lower lower lower
404. 15:27perfect so when we scale down onto onto
405. 15:30a smaller time frame we can say okay
406. 15:32where does price want to go we know on
407. 15:34the high time frame it wants to go down
408. 15:36we're on a small time frame wouldn't it
409. 15:38make sense for us to want to catch you
410. 15:40know the big massive wave and not these
411. 15:43little Ticky tacks to the upside right
412. 15:46we would want to find something that's
413. 15:48going down
414. 15:49right to continue that daily trend
415. 15:52right so how are we how are we going to
416. 15:54do that
417. 15:55right literally literally just finding
418. 15:58shorts finding shorts on a short on a
419. 16:00small time frame and we'll get there
420. 16:02we'll get to the point where we can
421. 16:03where we can execute we're not there yet
422. 16:06okay because we just started and and
423. 16:08hopefully you guys can be patient with
424. 16:10this but trust me this will benefit you
425. 16:12if you because I I see so many people
426. 16:14there's a reason why you're losing in
427. 16:16these markets guys there's a reason why
428. 16:18you're losing every [ __ ] day because
429. 16:20you're not taking these basic simple
430. 16:22very very important strategies not even
431. 16:25strategies just Concepts you're you're
432. 16:27throwing them out you're you're going
433. 16:29You're Going completely off of liquidity
434. 16:32so you break off structure must enter
435. 16:35there's a liquidity sweep and break if I
436. 16:37could go on the one minute time frame
437. 16:39and find a million liquidity sweeps and
438. 16:41breaks up breaks of structure
439. 16:43all throughout in here all in here
440. 16:46all in here
441. 16:48I could I could do that a million times
442. 16:50within this
443. 16:52right some of you guys are entering off
444. 16:54of these little Ticky tack things and
445. 16:56it's like no
446. 16:57no that isn't going to get you winning
447. 17:00trades that's not going to get you high
448. 17:01probability trades what do you think is
449. 17:03more high probability
450. 17:04taking a liquidity sweep and a breakup
451. 17:07structure off of purely five minute
452. 17:09price action off of purely a five minute
453. 17:11Trend and maybe like the help and the
454. 17:14Confluence of the hourly
455. 17:16or
456. 17:17understanding where price wants to go
457. 17:19long term maybe on the four hour or the
458. 17:21daily at least right because we're
459. 17:23working with intraday price action
460. 17:25at least nowhere that where where we're
461. 17:28going for the day
462. 17:30right because if you don't know where
463. 17:32price wants to go for the day you're
464. 17:33going to lose if you cannot understand
465. 17:36where price wants to go for that single
466. 17:38day and you are trading intraday trades
467. 17:41if you are if most of your trades last a
468. 17:44couple hours if not a couple minutes you
469. 17:47need to know where the where price wants
470. 17:48to go on the day okay and that's and
471. 17:50that's where understanding and knowing
472. 17:53the trend matters
473. 17:55okay you have to be able to understand
474. 17:57that
475. 17:58okay user use your Trend to your
476. 18:00advantage okay when looking for small
477. 18:01time frame trades that's what I had
478. 18:03written down okay let's see if I missed
479. 18:05anything
480. 18:06um where is the market going we
481. 18:08understand that right literally just by
482. 18:09reading the trend and all guys like
483. 18:11something something that really helped
484. 18:13me
485. 18:14when I was first learning this look
486. 18:18simplifies the [ __ ] out of it
487. 18:21where's Mark Young high low high low
488. 18:24higher high higher low higher high
489. 18:26higher low higher high higher low higher
490. 18:28lot right
491. 18:29oh we get a trend shift right high low
492. 18:32oops let me let me remove this
493. 18:39right we see high low lower high lower
494. 18:44low lower high lower low lower high not
495. 18:47a lower low
496. 18:48okay we push a little bit higher
497. 18:50continue right and when that happens
498. 18:53right what can we assume
499. 18:57it's just retracement on a higher time
500. 18:58frame
501. 18:59now what's this high low lower high
502. 19:03lower low okay right we're understanding
503. 19:06okay and then boom right what happens
504. 19:08High gets pushed above now what higher
505. 19:11higher low higher high big dive okay use
506. 19:15use the the line chart to your advantage
507. 19:20okay like if we're looking at the 15
508. 19:23we scale down into this
509. 19:26can tell you right doesn't this look a
510. 19:28lot simpler
511. 19:30to be honest some of you guys really
512. 19:32should be using this
513. 19:34right this this makes this [ __ ] so much
514. 19:36easier
515. 19:39right oh we're looking for it to hit
516. 19:41equilibrium let's not get caught up in
517. 19:43all the candlesticks okay perfect we're
518. 19:45we're in a premium right now now what
519. 19:47are we looking for
520. 19:48okay we're looking for a trend shift
521. 19:51on the five minute
522. 19:53okay or the 15 minute whatever you want
523. 19:55okay we're just waiting
524. 19:57for these lows to get pushed pushed down
525. 20:00below
526. 20:01right we're doing this we're chopping up
527. 20:03we're consolidating right now because
528. 20:04this was from Friday right Market just
529. 20:07ended it needs some volume to come in
530. 20:10um today because today is Sunday uh
531. 20:12during the Asian session or sorry yeah
532. 20:15during Asian session in London session
533. 20:18and then once New York session kicks in
534. 20:20we'll be able to understand where price
535. 20:21wants to go from there
536. 20:23but some of you guys could really
537. 20:25benefit from taking out the color of the
538. 20:29candlesticks okay and just identifying
539. 20:32right where where is Price going
540. 20:34super easy just to zoom out
541. 20:37on a high time frame and just look
542. 20:41where was Market going down
543. 20:45so so why in the world would you want to
544. 20:48look for longs in this
545. 20:51we're looking for shorts notice how
546. 20:53right the moves the moves higher are
547. 20:56always smaller than the moves lower the
548. 20:59moves higher are always smaller than the
549. 21:01moves lower
550. 21:03if you measure it in every single Trend
551. 21:04because that's how Trend works right
552. 21:06that's how Trends work
553. 21:08lower highs lower lows
554. 21:11the lows are always lower than the
555. 21:13previous ones the highs are always lower
556. 21:16than the previous highs the highs are
557. 21:19not going higher in a downtrend and same
558. 21:21thing with an uptrend right in an
559. 21:22uptrend the lows are not going lower
560. 21:24than the previous lows it's higher highs
561. 21:27and higher lows so why are we trying to
562. 21:28trade the opposite things
563. 21:30move with the momentum move with the
564. 21:33trend and you will be able to catch
565. 21:34bigger Longer higher time frame moves on
566. 21:37a smaller time frame
567. 21:39okay that is what this is all about okay
568. 21:42this is this was a very very simple
569. 21:45exercise and very simple thing but
570. 21:48hopefully you guys learn from this and
571. 21:49please do not forget it because I know I
572. 21:52forget it occasionally and that's when
573. 21:54that's when I lose trades that's when I
574. 21:56[ __ ] up okay and my biggest thing my
575. 21:59biggest recovery from
576. 22:01from you know like having like a losing
577. 22:04week my losing week was because I was
578. 22:06getting so caught up in the small time
579. 22:08frames I was not looking at the high
580. 22:09time frames I I was I didn't even care
581. 22:12where the higher time frames wanted to
582. 22:13go
583. 22:14I didn't care at all
584. 22:16okay
585. 22:18but that was my issue okay the second
586. 22:20that I can start understanding okay the
587. 22:23higher time frame wants to do this how
588. 22:24can I find an optimized entry
589. 22:26to to ride that next wave that comes
590. 22:29down right to ride that next boom
591. 22:32[ __ ] dump waterfall down
592. 22:36when can I get that next okay that's
593. 22:39that's how you can get those good
594. 22:41high-risk reward high quality high
595. 22:44probability trades okay so do not take
596. 22:47these early lessons lightly I know I
597. 22:49know you guys really want to jump right
598. 22:52into the strategy but trust me the
599. 22:55strategy is purely a step-by-step plan
600. 22:57on how to execute if you can't
601. 22:59understand this if you can't understand
602. 23:01what price is telling you through
603. 23:03candlesticks
604. 23:04what makes you think that you will know
605. 23:07when when to enter a trade
606. 23:10if you don't even know where the
607. 23:12Market's going in the first place
608. 23:14because the step-by-step rule all those
609. 23:17steps those can be applied in either
610. 23:19direction high or low
611. 23:21or going higher going lower
612. 23:23right I could find a trade in both
613. 23:25directions using that strategy on the
614. 23:27same [ __ ] on the same move
615. 23:30right it's understanding where the
616. 23:32market wants to go though
617. 23:34you have to understand where Market
618. 23:35wants to go okay trade with the
619. 23:39direction of the market because the
620. 23:41market isn't going to move for you right
621. 23:44we see people blowing on their screens
622. 23:47please go higher please go higher please
623. 23:48Bowl please Bowl
624. 23:50right
625. 23:52like the market isn't going to listen to
626. 23:54you it's going to do what it wants and
627. 23:56it's going to follow its own path Okay
628. 23:58so
629. 23:59with that being said homework for today
630. 24:02I literally just want you guys to go on
631. 24:06whatever pair you use and identify for
632. 24:09this upcoming trading week okay because
633. 24:11this is going to be posted on Monday
634. 24:13all right identify for this upcoming
635. 24:17trading week where you think price is
636. 24:19going to go okay make in make a
637. 24:22prediction okay based off of what you
638. 24:24know what you know currently or or just
639. 24:27the bare minimum that you've learned so
640. 24:28far from this course okay identify where
641. 24:32PR where you think price wants to go for
642. 24:35the week
643. 24:36okay and then after that
644. 24:38scale down to a lower time frame and
645. 24:41then identify okay right so you're going
646. 24:43to start off where does price want to go
647. 24:44for the week
648. 24:45okay make that prediction write it down
649. 24:49please Journal this
650. 24:51write down where you think price is
651. 24:52going to go choose just one or two pairs
652. 24:55okay it can be either be the S P 500
653. 24:57gold GJ gu whatever you want
654. 25:01okay just identify where you think price
655. 25:04wants to go for the week
656. 25:05okay and then once you do that once you
657. 25:08identify this is where price wants to go
658. 25:09for the week cool
659. 25:12um
660. 25:12once you do that scale down to the Daily
661. 25:15then say okay where where is Price going
662. 25:17to go in the next couple days because
663. 25:19you can make an accurate prediction on
664. 25:22the week but does that mean you'll
665. 25:23you'll be able to be accurate on these
666. 25:25lower time frames you know
667. 25:27Okay so
668. 25:28where does one skill in the week where
669. 25:30is the draw of liquidity and we'll talk
670. 25:31about that sooner or later okay
671. 25:33eventually right
672. 25:35we just need to cover these super simple
673. 25:37things first okay where does price want
674. 25:39to go in the week where does price want
675. 25:41to go in the next couple days and then
676. 25:42where does price want to go today where
677. 25:45is Price going to go today
678. 25:48and then if you are capable if you
679. 25:50already know my strategy if you already
680. 25:52know how to trade draft up a trade based
681. 25:56off of those biases and it only has to
682. 25:58be just one trade okay right where do
683. 26:02you think price is going to go for the
684. 26:03week perfect do you understand that bias
685. 26:05now where is Price going to go the next
686. 26:07couple days perfect do you understand
687. 26:08that bias okay where is Price going
688. 26:11currently
689. 26:13where's price going currently right
690. 26:14everything on gold says it's going to go
691. 26:16down but currently price is going up so
692. 26:19what's it giving us an opportunity to do
693. 26:21find an area in which we can go short
694. 26:24okay so we're going to look for an
695. 26:26opportunity
696. 26:27to predict to project where price wants
697. 26:30to go I don't even want you to draft up
698. 26:32a trade I don't want you to have a stop
699. 26:33loss I don't even want you to set up
700. 26:35this position thing on it I literally
701. 26:37just want you
702. 26:40to use the forecast tool drag it from
703. 26:43wherever price is at right now and show
704. 26:45where price wants to go
705. 26:47just like that
706. 26:53just like that and it's okay if price
707. 26:55goes a little bit higher and then
708. 26:56fulfills your your targets okay because
709. 26:58at least you knew where price wanted to
710. 27:00go right the execution will come later
711. 27:02and we'll talk about when we know when
712. 27:04price is going to change direction in
713. 27:05the market but this is a great step and
714. 27:07this is a great learning point okay do
715. 27:09this on one or two pairs right choose
716. 27:11whatever your favorite two pairs are or
717. 27:13if you only trade one pair only do it on
718. 27:15that one if you trade three pairs only
719. 27:17do it on two of them and throw the third
720. 27:19one out okay you only need to be focused
721. 27:20on one or two pairs this entire boot
722. 27:22boot camp what makes you think you can
723. 27:24understand multiple asset classes if
724. 27:26you're already losing on 10 of them
725. 27:28okay if you're losing on every single
726. 27:30one of them wouldn't it make sense for
727. 27:31you to try and slow it down to try and
728. 27:33simmer down right and try and focus on
729. 27:35just one of them first instead of trying
730. 27:36to study 10 or 20.
731. 27:38it probably would make sense
732. 27:40okay so that being said let's get to
733. 27:44work all right do your homework I I I
734. 27:48um advise you guys to experiment with a
735. 27:49line chart to help um understand
736. 27:51direction right because it's really easy
737. 27:54just to scale back
738. 27:55on these higher time frames and and
739. 27:57literally just look where is Price going
740. 28:00right four hour
741. 28:02where where is prize going it's going
742. 28:04[ __ ] down okay over here where is
743. 28:05Price going it's going [ __ ] up okay
744. 28:07where is pricing going it's going down
745. 28:09okay where is Price going it's going up
746. 28:10right very easy right you don't even
747. 28:13have to you don't even have to get all
748. 28:14up in your head where's the higher
749. 28:16higher higher low just look look where
750. 28:18is Market going
751. 28:19right it's as simple as that and we'll
752. 28:22get to execution later okay so with that
753. 28:24being said get your [ __ ] homework
754. 28:26done right after you watch watch this
755. 28:27video okay make sure you make sure you
756. 28:31keep trying to master your mind make
757. 28:33sure you keep trying to improve okay and
758. 28:35if you're watching this video I already
759. 28:36know you're trying to improve so that's
760. 28:37good good for you keep after it stay
761. 28:40strong let's get this [ __ ] all right
762. 28:42peace out I'll see you guys tomorrow