wow wow wow really all I can say is wow ladies and gents the feedback that y'all have given me from day one is unmatched like all of the comments all of the the feedback like I said it was it was amazing so welcome to day two of trading camp like I said the first day was amazing right so we spoke about psychology last well yesterday day right and then today we're going to be diving into the three phases of the market now of course we're definitely going to be jumping on the charts because yesterday was um psychology based and that is the most important thing going into trading but today we going we going to dive into the nitty-gritty and I want you guys to really take your time with this video and really understand and take notes because I'm giving it to y'all like I told y yesterday Raw authentic like everything that y'all going to need and it's like you might have to pause the video you might have to slow it down you might have to rewind some Concepts that I say but overall make sure that you understand in totality exactly what it is that I'm going over in this video right so let's move my face out the way and let's go ahead and get started and dive right into this right so currently I have gold pulled up y'all know I love me some gold now now when we talk about the three phases of the market we go as such so three phases of the market this like I said this concept is super super important it's the foundation of my whole style of trading of course like you can name these things you know a few other different things but this is pretty much how I like to name it and this is how pretty much I even teach it to my students right so the very first phase inside of the market goes as such it is a impulse right so a impulse what a impulse is is a aggressive push inside of the market right so when the the market gives you an aggressive push that's the market telling you hey there are more buyers inside of the market or there are more sellers inside of the market so we can see here even on gold gold just hit a new all-time high just smack 3,000 today anytime gold wanted to go up the very first thing that it did was it had an impulse pushup so this is a impulse pushup it is aggressive push so anytime you think about an Impulse I want y'all to think about an aggressive push so very fast very volatile all of those things right that is when the market is impulsing but of course when the market is impulsing you never just want to be one of those Traders that's just jump in for no reason because you can ultimately get faked out without having proper confirmations that come after the impulse so that's why I say it's three phases of the market you will never just jump in on the impulse because something like this can happen right so you can see here price impulsed up with this huge Wick and then what it do it shot all the way back down so this is gold this little push right here is at least a solid few hundred Pips right so600 Pips so if you just one of those people that's like oh I'm going just enter cuz I see the market going up then ultimately you are about to get smacked and you about to lose your money and it's like you just entering off of literally impulse like if you have that fear or you have that like fear missing out or you just see the candles and then you just react to it that is what's going to cause you to lose your money inside of the market so it's very very important that when you think about the impulse it's like all right the market is telling me the direction it wants to go but that doesn't mean that I just react off of that right then and there I still have to wait on a few things to occur before I overall just jump inside of the market right so let me go ahead and write that definition out for you guys so impulse is telling us the overall direction the market wants to go therefore if I impulse up more than than likely oops more than likely the market wants to go bullish but like I mentioned of course we don't just enter off of impulses right so that leads me to my next phase so anytime you get an Impulse that's like you breaking a level of resistance breaking a level of support got a huge aggressive you know sharp move inside of the market right so from there the market then has another phase where after just think about it if you run track right if you run track and you sprint if you sprint full speed you think you going to be able to maintain that full speed going around the whole track it's like more than likely you going to get tired at some point so what do you have to do you have to slow down you have to take a breather you have to rest so the market has to do the same thing because the market never just goes directly straight up it never goes directly straight down like anytime the market is going in a trend it is going up and it's pulling back it's going up it's pulling back it's going up it's pulling back it's going up pulling back so forth and so on so these are the three phases that the market moves so we never just have a straight push up in One Direction without having to pullback otherwise trading would just be vertical lines like literally up and down movement like it wouldn't make sense right so we have to give the market time to breathe so when when we have that time to breathe this is called our correction phase so our correction is pretty much giving us the indication like okay the market is doing what I thought it was doing when it impulsed in that direction because typically if you get a impulse up and then you get an Impulse right back down more than likely that first impulse was like a fake out so you got to be mindful to say like okay I I have identified the very first impulse now I'mma wait on a pullback to occur before I Look to take any my positions but that correction is just its resting period you as a Trader you want to take advantage of that resting period that's where you looking to take your overall entries because you know like okay the market is confirming that overall move right so we can say here confirm confirming the overall direction of the impulse so once we get that correction that lets us know hey we good to go in that direction now we just kind of got to wait on our entry signals and we going to talk about that later on in the trading Camp of course but this is like I said the main Foundation of my style of trading right so when I'm looking for any any entry any type of trade I'm looking for a brand new impulse I'm looking for a correction and then that will lead me to the next phase that that we going to talk about in the the last part of this video right so when we looking at our correction the market has many different types of Corrections and we going to kind of talk about this later as well when we get into Fibonacci but we can have multiple styles of Corrections so this correction right here is kind of like a flag pattern here so we have an Impulse we have a flag and then that we'll go to our next phase but here we have an impulse and then we have a correction that just goes sideways this is more or so just like a form of consolidation this is not like uh this isn't like a deep pullback this isn't like a counter Trend where it's going the opposite way for a short period of time it's simply just going sideways and literally consolidating right and then you can have those type of Corrections where they look like this where you have an impulse and then you just have like a sharp pullback like this so forth and so on and these are the more aggressive pullbacks but those happen with like the more volatile pairs sometimes news affects these type of pullback so forth and so on but you just being able to understand and identify like okay I'm in my correction phase as long as I'm not breaking you know my high points or my low points within my structure I'm still in this correction phase until this low Point here gets validated invalidated so if this pulls back deeper then this impulse was invalid cuz structure got broken right and we're going to talk about structure too so up until the point where we in this cons we in this correction phase and we break if we break this then we are still looking for our third phase inside of the market to up here but like I said this correction phase is confirming the overall direction of the impulse so once you get that correction it's like all right we could potentially look for a setup to continue to go into the next phase which is let's talk about that our third phase is our continuation and our continuation is where we make our Moola our money this is where we make our money ladies and gents so we do not look to make money on the impulse we do not look to make money on the correction we simply look to make money on the continuation on the continuation on the continuation folks please do not let this go over your head and like I said make sure that y'all taking notes simply because you don't want to be one of those people that jump in like I'm going L give youall example real quick like if you one of those people like how I was just mentioning especially when you don't identify structure if you just one of those people like oh my God gold is freaking melting we're about to sell it to hell and it's like you jumped in right here at this cell guess what just happened W stop loss hit Market went in the other direction why because you were so thirsty to jump inside the market and take advantage of the impulse that you got clapped and that's that's really what it boils down to it's like you got clapped simply because you did not wait on the second and the third phase to occur now if you can be patient and you can wait on those confirmations waiting on that impulse waiting on that correction and then look to catch that continuation that's where you can make consistent money but until then it's like nah bro like you not you're not going to just be sufficient just trading like impulse breaks outs when you don't even know where the full Market is going right so to piggyback on this in this case this was the initial impulse and remember like the example that I gave y'all right here with this steep pullback that's all that was but if you don't know structure and like I said we're going to talk about structure tomorrow probably right this we had a low well we had a higher low we had a higher high price pulled back aggressively but guess what it never broke the structure and then we got this overall continuation phase from this overall push so this is why it's important to understand structure as well but of course this main lesson right here is just to understand the three phases right so you can call it whatever you want to call it me personally I call it impulse correction continuation you can call it impulse oops you can call it impulse correction impulse like some people call it that you can call it break retest continuation like you can call it whatever you want but the concept Remains the Same impulse correction continuation in the three phases they happen on every single time frame no matter the time frame it does not like it literally doesn't matter I can go on the monthly time frame and identify impulse correction continuation I can go to the weekly time frame I go to daily the 4 Hour the 1 hour the 30 minute I can even go down to the one minute this concept all applies on every single time frame right so let's just go to the monthly time frame just to you know check my speed right so we can see here this was gold guess what happened we was breaking structures we broke this previous high with what a brand new impulse this was a aggressive push inside of the market but then guess what the market got tired right it had to take a little break so it had to pull back AKA retest AKA correct so we had this overall correction here so you can see the difference between corrective nature in a impulse nature impulse is aggressive corrective is kind of like choppy a lot slower before you get another continuation which is another aggressive push so ultimately continuation and uh impulse are pretty much the same thing that's why I said you can call it impulse correction impulse or you can call it impulse correction continuation whatever the case may be it's the exact same right now from here we can see this was our impulse we had our corrective nature and then guess what ladies and gents we had another continuation another aggressive push but then guess what the market got tired again so what it do it corrected pulled back and we had another continuation impulse correction continuation correction continuation that's the three phases inside of the market and now just to check my drift like I said this is on a monthly time frame let's go down to the one minute time frame just so y'all can see it's the exact same thing right so on this one minute time frame we can see price was in a overall downtrend the monthly is in an uptrend but the one minute is in the downtrend but it does not matter what time frame that you're on because the concepts Remain the exact same we have a brand new impulse followed by this correction followed by another continuation followed by another correction another continuation another correction and then another continuation it's that simple ladies and gents impulse correction continuation even in this little uptrend right here and this is like for my scalpers that I talked about yesterday if you want to scout the market you can take this concept applied to your trading right now and Scout the hell out of the market right if you're an intraday Trader you can do the exact same thing on the medium time frames like 30 minute 1 hour so forth if you're a swing Trader you literally like even if we take a look at gold gold on the higher time frame daily I don't swing trade but if you did swing trade guess what this was a overall impulse correction continuation correction continuation like it was prominent that go was going to go up because why is following the three phases of the market like it has not broken structure yet it is telling us it wants to continue going up until ultimately it break structure right so let's go back to the one minute time frame we can see here on our previous uptrend structure we had a impulse we had a correction we had a continuation we had a correction we had a continuation correction continuation correction continuation and then what happened we had a impulse down that broke this structure that let us know okay gold was going up for a period a period of time ladies and gents but guess what it impulsed down so if it impuls down that's the market telling me hey lits let's go down that's what it boils down to it's saying that if I have a aggressive impulse down that is breaking this structure it is telling me hey Mike Leo I want to go down but you got to wait on this correction first before you you know you say it's guaranteed to go down and then guess what continuation what is that what does that mean ring ring ring ring ring get money that's what it means impulse correction get money impulse correction get money impulse correction get money it's that simple ladies and gents so like I said this applies to every single time frame no matter the time frame that you on and really I shouldn't do delete that because I need that for y'all to get out these definitions but it's that simple it's literally that simple and I cannot break it down any clearer to y'all that's just how the market moves impulse correction continuation impulse correction get money make money on the continuations is that don't be the idiot that jumps in the market simply because you see it going up wait on the freaking pullback wait on the retest wait on the correction whatever the case may be just just wait that's all you got to do ladies and gents you the this is when you think about it think about it like this right let's just say my dog got loose if I go chasing after the dog running down the street after a fast ass dog and my dog he's pretty fast if I go chasing him down the street guess what I'm probably not going to catch him am I faster than him yeah I probably am cuz I'm I'm really fast but he got all the zigzag moves he can turn you know he can do all of that right so that means it's going to be very hard for me to catch him if he's running it away from me if he's impulsing away from me it's going to be hard for me to catch him but guess what if I go get that squeaky toy his favorite toy little tennis ball and his squeak or if I got a treat in my hand I say hey I got a treat guess what he going to stop that impulse and he going to slow down and he going to come right back to me he going to come right back to me and boom I can grab him by his collar and say get your butt back in house I'm just playing but I can grab him by the collar and I say okay cool like I have him now so I let him come to me I let my dog come to me versus me chasing my dog so the same thing in the market it's like let the market come to you so if you see the market if you see structure forming like this and then you see a brand new impulse in the upwards direction and you know Mike Leo said in trading Camp day two that I should not try to buy the breakout all I got to do is wait for price to correct itself and pull back and then I can catch the continuation that means that I can make money is that oh damn y'all couldn't even see it hold on now I got to do it over because I have my face in the screen but what I was saying was if the market impulse is break structure here and then it gives me an overall correction you don't want to like I said you don't want to be the idiot that buys right here because guess what it's going to pull back at some point it's so it's going to correct more than likely it's going to pull back to here and then all you got to do is let the market come to you and then you can get money now of course this is the complex portion of it because there is still a lot more details that we have to go over throughout the 15 days of trading camp but this is the main cone this is the foundation so if you already understand some like at least something of trading you can apply this concept you literally can go back and back test and say like all right let me identify the impulses let me identify the corrections let me identify the continuation even on gold look at this uptrend on gold this is on a 4H hour time frame right so what do we have we had a impulse pushup that's the market saying hey let's buy gold we pull back we correct it we got a continuation we had a pullback we had a continuation we had a correction we had a continuation we got a correction we had a continuation and you can see every time it's going to pull back it never goes straight up and then your job as a Trader is to identify this this where we get a little Nitty Gritty chat your job as a Trader is to identify where is the correction going to pull back to before it gives us our continuation and guess what we're g to talk about that leading up to the boot camp I mean not the boot camp why don't call them boot camp I already did the boot camp last year we did we we leading up to the trading Camp right so this leaves us with that question how will I know when price pulls back in my correction that it is ready to catch the continuation so with that being said ladies and gents you got to stick around for the rest of the remaining days because we're going to talk about it but I can't get give it all to you in one day we got to do day one we got to do day two so y'all can process what exactly it is that I'm telling y'all so y'all can take it study the video at 5:30 so soon as this video drops at 5:30 you need to watch it you need to go to your charts today is Friday it's the weekend the Market's about to close go back test it the whole night and then show up for day three tomorrow and then we're going to learn more and more details about how the market moves learning Corrections learning continuations and how to make this into your own bulletproof strategy that you can use inside of the market but of course remember like we talked about yesterday none of this means anything if you can't master this so I remember I heard a boxing coach one day he said protect the Dome protect that Dome and that's exactly what I need y'all to do so even though we learning about you know the market and the technicals still need y'all to protect that Dome a lot of y'all was asking about comments inside of the the comment section on day one you asked about books I left the whole um book list inside of the comments so I think I I'll go ahead and pin it so y'all can see it but I did answer a lot of your questions as well so if you have questions about this just like I told y'all yesterday drop your questions inside of the chat and I will um write back to y'all I will answer your questions and then I'll even probably spend a day where like I take a sum total of the questions that y put that I can't really like type out I'll probably just like answer them on here like a Q&A day so forth and so them that way like y'all can hear me actually vocalize the answers to your questions versus me just typing them out right but like I said make sure that y'all put those questions inside of the chat and this concludes day two of trading Camp make sure y'all show up tomorrow because we going to go a lot more in depth into the market and actually Market structure and let's time to let's get it it's time to get this money see y'all tomorrow