What To Focus On Right Now

Mindset & Reverse Order Thinking

"we're going to continue continuing on our theme of understanding the mindset that you have to have going into the marketplace looking at things in a little bit reverse order then you're normally taught from a retail perspective"

(0:45)

"if you're new you actually have the advantage here for folks that have been trading for a while that have adopted bad habits or an understanding or a belief that they have an understanding it's going to be a little bit expensive for them because they're going to have to purge some of the things that they either subscribe to"

(1:04)

Two Perspectives in the Marketplace

"the perspective that the speculative uninformed money has is that number one they don't acknowledge that there's a smart money there is not an entity out there that has uh quote unquote the right things always on uh the right perspective or that a market is rigged or controlled or manipulated or has any influence over long-term price delivery"

(2:20)

"the uninformed money okay or those that are uninformed in regards to how smart money actually operates and exists in the in the marketplace their actual perspective really is that indicators are the answer and uninformed money their perspective holds belief that price moves by indicators influence"

(2:44)

Smart Money Perspective

"we as informed traders our perspective is to hold the perspective of what a liquidity provider or smart money view is on the marketplace and they put a spotlight on the aspects of uninformed money because that's what makes the world go around in the marketplace the smart money is there to provide liquidity but they're doing it at a exchange premium"

(5:02)

"when we have a smart money perspective in the marketplace we actually use their perspective as everybody else is liquidity and price is delivered to engineer efficiency for the smart money entities only"

(6:14)

"to hold the perspective of a liquidity provider you are adopting a smart money perspective and everybody else is liquidity and the liquidity is going to be in the form of buy stops sell stops pending orders above and below the market highs that are most recently formed on your charts"

(6:33)

Central Bank Control

"currency is owned by the bank and they set the price on the value of that bank note or that digit on your screen that says you have xyz number of dollars in or francs or pounds or whatever it is that you're uh you measuring your currency in that's east that value is set by the central bank that has printed that money"

(7:25)

"the central banks are in absolute control of what their price of their currency is and they can set it at any time at any price they want don't believe me look at what they did with the swiss franc and the euro when it was d-pegged instantaneous wipeout"

(8:03)

Framework - Four Primary Drivers

"we're going to be focusing primarily on your understanding of these four primary drivers in price delivery it's retracement expansion reversal and consolidation"

(9:13)

Retracement

One of the four primary drivers in price delivery

Expansion

One of the four primary drivers in price delivery

Reversal

One of the four primary drivers in price delivery

Consolidation

One of the four primary drivers in price delivery

Foundation First

"we can't teach specific contexts or topics without having a broad based understanding of foundation and that's what this entire month of september is doing it brings everybody to a reference point to start at the same location"

(9:34)

"understanding that the interbank price delivery algorithm okay to understand that it's going to have to come by exposure and exposure creates experience that experience is going to give you the understanding going into the charts seeing what they ex what they should be doing with price what you should be seeing in price"

(10:02)

What Specifically To Focus On Right Now

"the first thing you need to know is there are very little things you should be bringing into your expectations and what your understanding should be in other words basically what i'm saying is you need to have no previous knowledge brought in with this kind of like put everything aside"

(11:11)

Critical First Step: Daily Price Action Log

"the first thing you need to be doing is creating a daily price action log with price charts now i know some of you don't want to do this some of you have resisted me uh telling you for years to do this but i'm telling you you all are here and you've paid for this mentorship"

(12:03)

"i can tell you how i got it was doing the very things i'm going to tell you to do in this specific video it starts here if you skip this video if you skip what i'm teaching you in this video if you ignore what i'm telling you what to do in regards to what specific things you should start with right now it does not mean okay just because you've been trading longer than anybody else"

(12:24)

"go back to square one you're the new student do everything that's been described here and advise because this is where the money starts coming in if you have these things in place and you start right at this very core principle it will develop"

(13:10)

Chart Setup Requirements

Daily Chart

Four Hour Chart

60 Minute / One Hour Chart

15 Minute Chart

Daily Practice - What To Note On Charts

"what you need to resist doing right now is you need to resist the urge to forecast price movements that's not for your stage of development right now do not try to rush ahead and try to figure out what the market's going to do next because that's going to be a problem for you and it's only going to lead to frustration"

(14:19)

What To Note Specifically

1. Quick Movements From Specific Levels

"you need to note where price shown a quick movement from a specific level in other words if it's run quickly higher or lower from a particular level that's noteworthy you need to note that on your chart"

(14:45)

2. Recent Highs and Lows Not Retested

"you need to also note recent highs and lows that haven't been retested that means if a high's formed on your chart if the price has not come back up to that level in recent time okay you need to make a special note of that because it's going to probably be influential going in the future vice versa just contrarily speaking you're going to be able to look for the lows that have formed that have not been recently traded to and that low will be influential later on in future price delivery as well"

(14:54)

3. Clean Highs (Two Equal Highs)

"note areas on the charts where price has left clean highs and clean lows basically that looks like two equal highs that formed in close proximity to one another um when we whenever we see a high go up and form and then it trades away from that for a little while and comes right back to it and doesn't make a new high or maybe it falls just a little bit shorter just a little bit above it i note that as a clean high and usually buy stops will form above that and the market will usually come back up there and run through that"

(15:23)

4. Clean Lows (Double Bottoms / Equal Lows)

"the reverse is said for double bottoms or equal lows when a low is formed and another low is equally formed in close proximity to the initial one that's a big area for sell stops to pull or build up underneath those lows and the market tends to have a willingness to go down there and test that liquidity that means the market will go down into that area"

(16:01)

5. Note Days of Week for Highs/Lows

"note what days the highs and the lows form and this is for the weekly range and you want to know what time of day that occurs what kill zone is it the high and low of the week forming in london or is it forming in new york because all those things are going to lend well to prognostication and what should happen going forward"

(16:36)

6. Daily High and Daily Low - Every Day

"you want to note the daily high and the daily low every single trading day and you want to note when the daily high and the daily low forms for every individual uh trading day"

(16:56)

Chart Organization

"you want to keep this chart okay in this format separate from all the other charts that i'm going to talk about now okay anything else we talk about in terms of what we're specifically looking for they don't get utilized on the same chart you create another chart so you're going to have two individual independent us swissy charts okay but you're going to carry the information on two separate charts that way you don't have charts that are too busy have too many things on there and you get confused"

(19:29)

Professional Practice

"you're going to see actually how i do my charts how i log them and yes even after 23 years of trading i still do this it's important to do it it's understanding it's clarity it gives you perspective and it's what professionals do sorry it's just there's no way around it the folks that are really concerned about the market they have logs they keep journals these are the types of things they do"

(21:26)

Analysis vs Execution Charts

"by having three charts okay because you're gonna have one that's executable in other words what you're watching on the setup right now because you never want to marry the ideas that you have in your analysis you need to reflect on them but you don't want to be so cast iron can't do it any other way it has to be that way"

(23:58)

"we try to get in sync with what the market's going to do whether it's going to be moving sideways whether it's going to go higher whether it's going to lower we don't know any of those uh directions with a great deal of certainty we just know probabilities and but we know how to go into the marketplace looking for these types of things over and over and over again they repeat and you'll be able to find those repeating uh occurrences in price action"

(24:40)

Study & Review

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