Transcript for:
2022 Ep. 5

all right folks welcome back this is the 2022 ict mentorship on youtube and this lesson is going to be intraday order flow and understanding the daily range all right folks we're looking at tradingview.com and you can use this platform for free there are some benefits to having a membership there it's not terribly expensive but nonetheless it provides you a means of looking at charts that i show in my mentorship here and in my private mentorship group so it's the same charts that i'm producing for that community that i'm producing for you as well everything in this lecture is going to be predominantly around teaching you the elements of the e-mini setting up your daily range and your intraday layouts and i'll talk a little bit about daily profiles so that will help you and i'm and contrast showing you what it is that you're trying to learn from me here versus what is available out there in the internet okay so that way you can decide whether or not this is going to be a worthwhile pursuit for you these things that i'm teaching today are directly linked to index futures okay like s p nasdaq and the dow okay you can use the russell 2000 those are the markets that i'm targeting with the lessons the ideas of trading the asian range and things like that they are not applicable to these markets i don't teach that to my students i want you to just focus on the things that i'm going to show you in this mentorship all right first things first i'm going to get the boring stuff right out of the way whenever you're looking at futures especially the index features these contracts trade with expiration dates and the months that they trade are going to be shown here es is the symbol for e-mini s p h in this example stands for march so the delivery month codes for the commodity markets h is always representing the month of march m is june u is september z is december these are the only four months that the index futures trade one e-mini s p e-mini nasdaq and e-mini dow okay the year obviously is what it is now if you're going to be using like for instance when i take live trades in the td ameritrade they don't take their year symbol like this it's 2-2 but in trading view if you're pulling up the symbol like i have here esh2022 that represent the e-mini s p 500 contract for delivery month march year 2022 okay since they expire it's important for you to know that the third friday of the month of delivery which is obviously in this example here march the third friday of that month is expiration you do not want to be trading after expiration and the question is going to be is when do i start trading the next month out okay this is always going to be the front month or the current month or nearby contract the month after the front month or current contract month is always going to be referred to by me as the next month out if you ever have a doubt you can go to barchart.com and you can go to the select commodity tab here this is all free you can scrub down into this list here go to s p 500 emini click on that it'll open up what i just showed you there and the the first one that's the cash you don't want to look at that the next contract available is march see that even gives you a little cheat right now this is considered the front month or nearby contract the open interest is what i'm watching okay so one week before expiration which is the third friday of the delivery contract month so third friday of march third friday of june third friday of september third friday of december roll over to a new year starts the sequence all over again march june september december real easy pattern real easy means of keeping track of where you're supposed to be at but usually around the first or second day of the week prior to expiration i start monitoring open interest and i want to be in the month that has the larger open interest number notice that the june contract only has 57 310 contracts of open interest right now the front month or nearby contract of march 2022 has opened interest of 2.2 million so this is the larger liquidity base contract month so i'm going to be trading this month if it becomes a matter of this month here has larger open interest than this one here then i'm going to be trading the next month out because i want the liquidity that's available in the larger pool liquidity offered by the most traded contract month okay so hopefully that answered that question got a lot of questions regarding that all right so now what we're looking for is an opportunity and i'm gonna teach bias and specific entry techniques next week this week i'm teaching you the intraday framework and i want you to start thinking about market profiles and you're going to have homework assignments obviously for that at the end of this video but we're going to assume that you were bullish in here okay i'm going to provide proof in this video that i was bullish and i did execute with that bias in mind but but just kind of put that to the sideline i know some of you are very anxious and you're leaving comments saying can you teach me how to get in you know what you know what am i looking for i understand your excitement but take the lessons at the pace that i'm giving you because i'm giving you homework assignments and studying so that way it helps build and ingrain the understanding i'm giving you because your study time is actually going to be where the majority of your learning is going to come from i'm just giving you points of reference so that way you can go in and start looking at things and start seeing a recurring repeating phenomenon but i want to take a look at the 15 minute time frame all right and when you're looking at this 15 minute time frame this is the bellwether time frame this is where i'm looking for key highs and lows i'm looking for imbalances like fair value gaps and things of that nature yes i'll look for order blocks but i'm going to try to stay away from order blocks in this lesson in this mentorship really because i have models that don't even rely on order blocks obviously i'm teaching fair value gap here and that is the main focus because it repeats it's easy pattern it's there a lot but i want you to think about how you frame your day so you when you're in trading view or you can do this in your own platform if you're not using tradingview but i'm recommending you at least while you're going through mentorship here on youtube to go through the process with tradingview all right and then this is what you would classically see annotated in my chart for a forex setup i'm taking you to 8 30. okay you're gonna put a vertical line there at 8 30 click this clone i know this is very boring for some of you because you really want to just get in there and get the nuts and bolts but i have new people watching the same video so i have to make this as complete as possible and try to cover all the bases and then hopefully i don't get as many emails because i can't keep up with them and so if you email me and i'm not responding i apologize but i just i can't keep up with it all right so we're looking at there we go that's good all right so the equal distance in time in the morning then an hour lunch new york lunch and then an equal amount of time after that okay so i'm going to zoom in here and in your mind i want you to think about that lunch hour and this is always new york local time okay set your trading view chart to this if you do that no matter where you are in the world you'll be able to calibrate your local time with this okay everything i'm showing you is directly linked to new york local time if you do any other time frame you're going to mess up you won't have the same calibrations as all my students and what i'm looking at in price because eventually i'm going to be showing you charts on my community tab that i want you to be watching before it happens but before i even start doing that i'm not going to create a train wreck by having everybody looking at charts in their own local time and not new york time and completely miss the the point and plot so once we have this i want you to think of this hour here noon to one o'clock in the afternoon new york time that is a no trade time period i don't care who tells you that they can do this and do that if you're learning from me just don't trade during that time okay not even a demo because just trust me don't do it okay as we go through mentorship you'll understand more reasons why i just can't give everything in one video obviously i want to and i want to do four hour long teachings but i'm trying to make them palatable because i know majority of you don't have the attention span because you're new and you're just now discovering so i'm trying to bear that in mind when i'm making these presentations so you have your daily range on an intraday basis all set up and laid out so these are your boundaries your morning trade is between 8 30 in the morning why because there's news events that come out 8 30 all the way to noon preferably around 11 o'clock i generally don't like to take trades after 11 o'clock in the morning now it doesn't mean i haven't or that i won't i just generally try not to i want to try to be positioned before 11 o'clock and hopefully be riding something into the new york lunch at noon and then you know squaring positions or taking some off if i'm gonna hold through the lunch and anticipate something going through to the close and we'll talk about that when we get into profiles not volume profile okay uh the idea of the afternoon session i wasn't gonna teach that but because i see a lot of nonsense on youtube i'm gonna i'm just gonna teach it to you okay so it's gonna be a complete daily treatise on the entire daily range of indices so that way if your interest is in this asset class you'll have a far better chance of being successful in my opinion using the information i'm going to give you okay and i'm proving it with actual executions as you'll see in later in the video all right so we're looking at prior to 8 30 what are you looking for okay i got a lot of questions in the comments section i'm reading all the comments folks i love it because it's real short little snippets i know a lot of my students they like to send me these really long-winded appreciative emails and then they give me one chart that doesn't really explain much to me and i can't really answer it so the comment section that i'm opening up on every one of these videos if you haven't noticed i'm allowing one comment that to kind of like honor those individuals that are showing appreciation and they're not gratuitously you know looking to praise me i don't like that okay i i like the appreciation for my time and energy and sacrifice giving it to you for free but i don't want to be worshipped okay i don't want all that kind of stuff don't call me the go don't call me the greatest of all time i don't like that kind of stuff but if you have something that you want me to touch on and improve a delivery or explanation of a specific thing i mentioned in a video i may already have something in a future lesson planned but if it's something that i don't have in my outline that's going to be in future videos i'll utilize the feedback i get okay so that way i understand some of you want everything all at one time and there's no way i can do all that in one time but i am taking the feedback i'm getting from you all and i'm using that okay but one of the questions i got was what highs and lows are we looking for that you know a stop run would be framed on or what would be the catalyst for a stop hunt well prior to 830 if you look at that okay we'll just grab a horizontal ray and we see this high here and i'm utilizing this with the benefit of hindsight because this is how you're going to go back and back test everything i want you to take a look at the high here and the low right here so prior to 8 30 in other words to the left of that on a 15 minute time frame what's the most significant or obvious swing high in swing low swing high is this it's a candle with a lower high to the left of it and a lower high to the right of it three candle pattern okay it does not matter if the candles are up or down closes you're just looking for a swing high because above that's going to be buy side liquidity or buy stopped and a swing low prior to 8 30 that's a candle that has a higher low to the left and a higher load to the right of its three candles again it does not matter what the close of the candles are it has absolutely no bearing on what i'm showing you here because the swing points are where liquidity is going to be placed okay so once you have these levels on your chart on a 15 minute time frame then you can drop down into your first lower time frame for entry that's your five minute chart so let's do that now all these things will be transposed right to the five-minute chart you won't lose anything in case you're wondering a lot of new people are afraid if they do something with the time frame they'll lose their annotations all right so now we have this old high back here look at look at this price right there okay that's going to be the high price on that particular candle right there it's 45 14 and a half this candle trades 2 45 14 and a half exactly the same high when we have that but look closer we have relative equal high but we have it in multiple short-term highs that keep going higher if there's three highs that go up like that that's a classic three drives pattern there's a book i really enjoyed when i was in the 90s uh linda rasch and larry connors street smarts book really nice little book i don't like everything in the book but i liked a few of the things that they talked about and it helped me understand stop hunts because i couldn't understand it as a developing student that why would the price want to go for those stops it didn't make any sense because the books that i had bought never really explained all that in in detail they just said trust this pattern of continuation or reversal pattern and the idea of stop hunts or raids on liquidity never really came up so it was an alien topic to me so when i started delving into the charts and started looking at it it helped me and the pattern that she and larry mentioned in there was the three little endings pattern it sounds quirky sounds a little silly but it's basically the three drives pattern okay that means it's a swing high a higher swing high and a higher swing high so it's three times the market cut pressing up i like to see this pattern forming when there's an old high back here okay on any time frame it's universal okay but if you ever start seeing these three drives up into an old high you don't have to see that third high take out the old high because what it's doing is it's already pressing into running out liquidity every time it creates a swing high and it starts to go down bears are trying to sell that and they're putting buy stops rating above the previous high and they keep getting taken so it's already building in liquidity and informed investors or quote unquote smart money will be already establishing short positions then the market breaks in one of the previous videos i've talked about the pattern or the setup and i suggested not using a particular swing load that looks like it's been violated and why didn't that trade work out wouldn't that be a losing trade i want you to think about this idea that i teach which is displacement okay if you have a children's swimming pool okay if you have a children's swimming pool in your backyard and you fill it up and then you have an elephant just fall down inside of it what's going to happen the water is going to be displaced okay it's going to be an obvious displacement of that water rather simplistic analogy but that's what you're looking for in price when price goes above an old high and it trades down below it you want to see an obvious displacement you don't want to see it just do like uh well you know a little lethargic run here that's not enough this is like that elephant falling into that children's swimming pool it's no doubt about it it really had a displacement when that occurs then you go in you start looking for the fair value got the low the high and if it trades back up into that then you can look for a short okay there's a process that you go through learning it and it's good that three of you were very critical about it but but trust me there's rules for a reason and i'm not trying to hide failure because these patterns sometimes will fail you okay you'll read them wrong or they just won't work okay sometimes the market will have some kind of a news event that comes out or it just simply just rolls over top of it and goes higher or goes lower that's a losing trade that's why you have to have a stop loss that's why you have to have good sound money management because if you don't have those things murphy's law is going to creep in and whatever can go wrong will and if you leave it open to the market's determination how bad the pain is going to be trust me you don't want that okay you want to limit that so now we have this previous high previous low now if we did not this is really important that you understand this part here if we don't start seeing these higher highs forming and it's just one steady run up then you anticipate a high like this to be taken out and it doesn't need to be taken out by much just trade above it and then you want to look for this energetic movement lower that's displacement where it's really animated so in other words it would look like when you look at your chart that's a little bit more pronounced because it went above this previous high here you're looking at this one but as it's starting to move towards that old high remember 830 prior to that you're looking for what's this it does swing high yes so it's shaking above it here does it have an energetic break below that no it's just a very weak anemic move lower then you have another run higher here and then you had this wick or tail come down and it quickly snaps back does that create a fair value gap in that no it's not there yet then it goes higher here doesn't go above it matches that high but then now this high watch does it go below that yes a little bit here but it's a little anemic still but then look what we have here it trades up and then smashes down then the next candle here closes what do we have there's your fair value got that's your short and you could reach for the liquidity resting below that low that you would be identifying prior to 8 30. so sell side liquidity matching up with your short you sell you want to buy it back to cover that short well here's waiting sellers right down here in the form of sell stops bam hits it okay putting aside that you may not have seen this as a long entry okay maybe you didn't see this as a potential continuation of bullishness but look at these highs here what's resting above that now buy stops buy side liquidity and then what do we have here right before lunch hour it goes slightly above it and then trades down and then we're in that time of the day you don't trade it new york lunch hour noon to one don't trade it okay do not trade it you can do a lot of weird things in that hour or simply do nothing and go sideways but either way you don't want to be a participant in that because it's just it's not usually a clean time of day for price action so now here we have the high of the day and all the liquidity resting above here that would not have been tagged by this in other words stops are resting a little bit above that because there's a lot of people trying to sell short they want they want to see this thing go lower but we created a very important low last week and the market has already tanked a lot so it's pulling back up in the run that it created going lower on a daily chart so all these buy side liquidity pools here are going to be a reason for the market to want to reach up to that because you don't have to be a participant down here as a buyer you just need to know on the other side of lunch at one o'clock start watching and see is there an indication that this thing wants to go higher as you can see all the buy side liquidity here was ran aggressively here but then the market trades right into the close aggressively bullish small little retracement here small little retracement here and then immediate run right into the close now obviously the market trades a little bit beyond that but this time of day expect whatever algorithms that you would expect to be driving price and price runs to pretty much cap the majority of the volume that's going to be in that day so what i want you to think about is how the day's designed to have a morning move a lunch hour where you don't want to be trading and then the afternoon move go back through your charts and you can go back as far as you want the more you do this the better you'll get but i want you to think about creating your charts like this and then describing what the morning trend was was it a bullish move was it a bearish move was it consolidation if it was consolidation prior to that part of the day in other words the previous day or the previous days was it bullish or bearish then because if it was bullish this is probably setting another continuation higher especially if you start seeing these relative equal highs forming where it paints the idea that this is retail resistance so traders are going to think that this is going to go lower and it starts to build up a lot more interest in the form of buy side liquidity or buying interest at a high price even though that those traders may be framing the context of their trades as a short entry trying to make money going lower their protective stop if they choose to use one it's going to be in the form of a buy stop and this is where it's going to be at so the market's going to want to gravitate towards that especially if you start seeing the swing lows not the one in lunchtime ignore that one you start seeing the swing lows that are forming every candle has a higher low to the left and higher low to the right if they start building up and every time they create a new one it's going higher that's a underpinning of the marketplace that's showing accumulation it wants to go up because it wants to clean out all this here plus we've been going up for a few days on the daily chart plus the sentiment is everybody thinks it's been going down so they all want to sell short because they want to see a stock market crash but what they are failing to realize is we've already went down below an old low on the daily chart so now we're running back the other direction and anyone that's trying to sell short unless it's a real quick intraday scalp they're having their clocks cleaned so in the afternoon there's a trend and one of the built-in characteristics of the afternoon is there's mechanisms that are built in that help this market really accelerate into the close and if you study the price action in your lower time frame charts you'll see that there's a repeating phenomenon that's typically around 20 minutes to four and 10 minutes before and four o'clock and it's all based on market on close orders that's really what it is okay and the algorithms will start spitting out really really aggressive pricing and forcing traders to either cover or you know get out of trades and usually if it's going up it really just ramps up and accelerates in that direction so while i really enjoy trading the morning session because there's a lot of volatility and excitement if you're looking for if you know what your daily bias is and we'll talk about that next week if you know your daily biases and if you know what you're looking for in terms of range expansion on the daily chart know what i mean by that the daily candle do you expect it to trade higher or lower you're not trying to predict you know every single daily candles close but you're trying to determine do you think that the daily candle you're looking at forming today or what will be forming tomorrow is it more likely to be expanding higher or lower if it's expanding higher in your analysis that means you want to try to trade with the expectation to find a trade in the afternoon based on the logic that was used in the morning so in other words think about what i taught in forex the daily range okay creating a initial high of the day and the low of the day here now this is not the time of london but this would be like what i teach as a london low in a by day for forex this would be the low today then we consolidate and then we get the new york continuation and it runs in the same direction that the london session formed but this is not london this is all new york time so there's a little bit of adjusting that needs to be taken into consideration which is why i made sure at the beginning of the video i said make sure your charts are set to new york time over here it needs to be that okay and if you don't have it like that everything you're learning here if it's at your local time in your local time zone it's going to be a mess so you need to calibrate your charts on trading view to that and everything i'm showing you here is it's the same thing every day every single day same thing so back to the homework assignment i want you to think about outlining what the session was in the morning and then what did the session do in the afternoon sometimes what you'll see is it'll be bullish in the morning and then reverse in the afternoon or it'll be bullish in the morning and continuation higher in the afternoon and you'll get like a measured move what's a measured move whatever the morning move was it'll duplicate that twice so if it moves up 200 points in the morning the afternoon could see another 200 points in addition to that and have a 400 point range or we could have consolidation in the morning session and then it trends in the afternoon higher or lower okay and i want you to go through your charts and look at that on an intraday basis do your charts like this and i know it's a lot of work but you want to learn how to do it right this is how you do it then study what the daily chart was showing days before when it had days that had these nice runs like this and yesterday and previous friday so it allows you to help find these big moves where if you're looking at other like i'm not gonna say this to try to be mean spirited because that's not my intent here but i want you to compare and contrast like if you look around at all the folks on youtube and again this is this is not me trying to be arrogant i just want you to understand there's a stark contrast to what i'm teaching you here and what is predominantly shown in this area of trading okay index features you'll see traders that'll get in here and they get in a price like that and then they're gonna make a big attempt to worry about a move like that and they'll put lots of contracts on and you know trade this and have a whole lot of hype and anxiety about whether or not it's going to move in their favor and worry about their stop getting hit and all this stuff and i don't want you thinking like that okay i don't want you thinking like that at all i want you to think about how if this day was bullish for you say you had the benefit of knowing that through analysis you felt that this was going to go higher okay if that's the case this swing low here first swing low of any importance after 1 30. this is really important 1 30 i'm looking for swing highs and swing lows for the afternoon session that's what i'm looking for it's the same context that i use for the morning session i'm looking for swing highs and swing lows prior to 8 30. i'm looking for the first one okay i'm not needing to go back days and days and days i'm just looking for the first one it's not a complicated thing but at 1 30 that's usually when i'm wanting to start trading the afternoon that's the earliest but i'm preferably looking for a swing heinz swing low to form at 130 why 130 because there's an algorithm macro that starts running at 130. that's beyond the scope of this mentorship but just trust me there is something going on that creates movement at 1 30 in the new york session okay in equity market so when that occurs all we're looking for or what i'm looking for is a swing high and a swing low and then that same basis of looking for a stop hunt in the morning like we described here i'm looking for the same thing here that's it same thing so now think about this i'm i'm thinking that these stops are in jeopardy because it's too clean the level's too clean straight line edges in the market they don't tend to stay like that there's going to be a disruption the market's been going higher hasn't it yes there's this pent-up aggression that this market wants to go higher but it's seeing short-term resistance here here it tried it a little bit here and then retraced inside the lunch hour the algorithm reserved the price run until later in the day now watch what happens this swing low here gets violated right there see that that swing low gets violated right there that small little stop hunt is all that's necessary that will start what is called a buy program a buy program is when the algorithms go into the process of spooling spooling is where it just continuously keeps offering higher prices if it's a buy program it just keeps offering higher prices it does not matter what the volume is it does not matter and i don't care who you know who worked at the exchange i don't care trust me when i tell you if you go through the charts you're gonna see this okay look at the volume that comes in sometimes it'll be good volume and another like why is this happening right that's that's your signature that's how you know that this is being completely manipulated so if it's being manipulated doesn't it stand profitable for you to know what it's likely to do not if you're gonna know it all the time you're not gonna know i don't know it all the time but these things tend to repeat and if they repeat a majority of time not every day but the majority of time if these things are in alignment if they start showing the same fingerprints it's probably gonna pan out and then you can start doing long entries and then hold for the close don't get in here and try to trade these little mickey mouse moves and worry about them and over leverage and try to put more contracts on than your account can really weather because if you don't know what you're doing cheap leverage discount leverage can murder you can absolutely murder you and especially in these kind of markets they're very fast markets right now i'm loving it but it's very quick violent volatility and if you don't know what you're doing you can literally be dismantled very quickly expediently okay so inside this area the market creates a swing low runs through this low stop hunt so the stops below here are what sell stops buy those sell stops i know it feels scary but go through your charts and you'll see many examples of this happening it's the same thing took place over here by the cell stops that are resting below here and expect this level to be taken out consolidation through lunch after 1 30 in afternoon wait for a swing low to be violated and then rally what if you don't get a swing load it trades below it what do you look for well you look for a move higher that's sudden displacement higher then look for a favorite value got if it trades back down to the fair value gap you buy that there's your two patterns that's it it's the only two patterns you need you don't need 15 different gimmicky names okay you don't need breakers you don't need an order block see how easy that is very simple strategy very very simple strategy you have a trade one way or the other and the logic has to be there for either one of them to form now i was not in the e-mini s p today i was trading nasdaq so let's go over to nasdaq and i'm going to save time and not put all the lipstick on the chart i hope you can allow me that but here is 130 we have a swing low there and it's basically almost the same low as that one so what's happening here what's that it's trading down below it see that look further to the left what's that fair value gap i mean it can't be that easy it can't be that easy these relative equal highs what's above that buy side liquidity okay watch i'm gonna drop into a one-minute i'm chart to scrub back here to 130 and i don't need to do 20 contracts or 10 contracts to do like a 20 000 day that's kind of like the flavor of the month right now and if you look at this low and this low here what are those they're relative equal lows so that's going to be viewed as what support retail support and they're going to buy those little runs here they're basically going to chase that so if you look at this through the scope of below this level their cell stops and you think it's going to go higher like i believed it was going to go higher today i want to be buying those stops all right so say you're watching price it's meandering through through through and then all of a sudden that swing low forms right there and we have this low here and we have the sudden drop down when you see that if you're watching it on a like a one-minute chart that's going to look so dynamic so aggressive if you're zoomed in it's gonna feel like the floor has just dropped out but that's exactly what you're looking for to buy now you see fellas out there on youtube you're gonna see by contrast there are folks out there that are trying to trade you know just a handful of ticks with a lot of contracts that to me doesn't make any sense but if that works for you then great okay but i want you to think about in comparison and by contrast what seems more logical for you to feel it's worth more to pursue and study and learn how to do something like that or it's risk a lot put a lot behind the trade and try to get just a little bit of a move or now this is a demo account okay but i did trade live today too but just for the purposes of teaching the content right there that low is the lowest candle it rallies all the way up okay and then right here that was a close there's a better way to do this if you know what you're looking for you can be very very precise about it you can be dialed in like nobody's business like it is unbelievable in terms of the predictable nature of these markets especially these markets because they're they're traded by a lot of institutions and a lot of professional traders the manipulation that takes place in these markets is still there but it's not as well vulgar or ruthless as it is sometimes in forex the interbank markets man they can really really you know do to you dirty quick and more frequently the futures market they tend to be a little bit more cleaner a little bit more predictable much more nicer in their delivery now there are times when reports come out or something you know unannounced that comes into the world scene and causes volatility when that occurs then you'll get that noisy look to price action just stand on the sidelines wait for things to smooth out it may not be that same trading day may require you a day or maybe even a week let the markets go back into sync and then they'll start delivering very nice again but the main thing i want you to take away is that you know showing entries like this and accents and stuff it's not it's not all that much of a big deal okay but it becomes a sticking point okay a stumbling block for people that want to try to learn how to do this because if you lay it in front of them they have to have lots of contracts to do something to be profitable in such a small little move to me it communicates that that person that's trying to trade like that whether it's the person that created the system or someone that's trying to learn the system they really have no idea how price works and how it looks because if they did they wouldn't be trying to take these little tiny little micro moves out of the marketplace they will be trading like i'm showing you here so if you were to think to yourself hey i want to know what it's like to be in a move where i can be comfortable knowing that the daily range is going to unfold and i'm just going to submit to it well these markets offer that 4x offers it too but right now in the last couple of months really forex is being rather funky okay and because of that we have transitioned to index futures there are times of the year where i teach index futures trading because they're predominantly more liquid and or if there's no real topic for me to teach to my paid mentorship group i'll say i got nothing for you for forex and then i'll point to something in futures it may be a commodity market like last year i told everybody by the grain markets they were gonna have a huge bull market boom they went up it's a matter of knowing how to navigate the price action okay but these markets here except for those sun summer months and that being like july and august those months can be a little hit or miss but the rest of the year they tend to be really nice markets so if you're looking to have your trading business framed on a asset class that is really nice it's professionally delivered where it's not like a bucket shop you know penny stock type market it's these markets are really nice they're very systematic in the way they do things and they repeat but if you don't know what you're looking for or understanding behind these mechanics that i'm outlining here at the very basic level then you can obviously hurt yourself still so right away i'm showing you that there are times in the day that you want to be looking for setups you're not trying to do 25 trades you're not trying to do 30 trades you're not going to try to micro scalp you're looking for the real moves in the morning and the real moves in the afternoon and preferably if you get one in the morning you don't trade in the afternoon go to a demo and practice there don't give the money back to the marketplace especially while you're you know you're new don't do that and i'm actually telling you not to trade with live funds but i know a lot of you like to see things that are traded with a live account like it's a real account that shows entries and and things of that nature and that's the things that i'm doing this year okay i'm not going to do it in 2023 i'm not going to do it forever okay i did it that way my students can feel at ease about it because even in my in my pay mentorship group i don't trade live funds there because uh for my protection i'm doing what i'm showing you right here in a demo but i've been showing by the account trades this has proved that it works so hopefully you found this insightful and until i talk to you on thursday be safe