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Lesson 36 Concept

DayeMentorship53:28

Transcription

So good morning everyone. It's currently 9:34 a.m. My sleeping schedule is, you know, good. Um, life is, you know, good. Everything is, you know, fine. The markets, you know, doing what what they're supposed to be doing. You know, doing, you know, most of what we expected to happen, right?

I believe that, you know, before I say that, right, the reason why, you know, I don't come out and, you know, be like, you know, hitting my chest, you know, you know, showing the confidence that I do have in myself publicly is, you know, just to, you know, remain humble, to not, you know, give you guys any, you know, of my negative traits, any negative trait that I have, right? Which everyone has negative traits, right? So, like, for example, me, when I'm by myself, okay? When I get something right over and over again, when I place a trade on this, right, you know, there is that small nudging feeling, you know, that, you know, you have to, I have to keep under control, right? 'Cause it's like, you know, feeling on top of the world, okay? I, you know, made this amount of money, um, you know, today, um, this week, and it's like, "Oh, um, you know, I'm the best." But it's, that's never the case, and that's nothing that you would want to have. That's no way that you would want to behave.

Anyways, with that being said, right, looking at my screen right now, you can see the Bitcoin see futures, right? And you can see Ethereum. By looking at the chart, it's evident that we have a crack in correlation, right? There's a crack in correlation there, right at the highest on the monthly time frame. So this pullback, this reversal, should not scare you. Like, we, I've highlighted this before, we've talked about it before, have we not? We have. It's just that we talk about so many assets, we talk about altcoins, we talk about, you know, Forex, we talk about index futures. It's not just one thing that we talk about. So, you know, it could slip you, right? And, you know, whenever I touch on Bitcoin these days, right, I, you know, tend to not, you know, be too long due to the fact that I have no need to, right? It's straight and forward. Bitcoin reacts to the higher time frame cycles, like whether it is the centennial cycle or the yearly cycle or the monthly cycle, right? Those are the cycles which are, you know, more influential to Bitcoin. Ethereum and Bitcoin, and Bitcoin and Ethereum, you know, they literally control the crypto market. Right? There are times when you will have some random coin just explode, and then it's like, you know, "What is this coin?" And then everyone's trying to hop on the coin, to hop on the coin, it just dies, goes to zero. Also, some other thing that you should be looking out for is, you know, whenever there's some, something new, right? Whenever there's something new regarding, in regards to the crypto market, for example, now, I don't know what meme coins, anything. You never want to invest in those things, right? You never want to go into anything that is mainstream, right? NFTs, you remember NFTs? You remember, you know, all of that stuff? You remember, um, Dogecoin, and I don't remember the other one. Everyone bought at the top, and they just crashed, right? You must use them as liquidity publicly. People still like him. Can't understand that. But anyways, know those are some pointers, some things that will already, you know, put you ahead, right, ahead of everyone, if you're, you know, someone that's interested in the crypto market. Which I believe that there will be times when we will, you know, get a chance to buy lower. Um, in my opinion, it's inevitable, right? It doesn't matter what happens here, what happens right now, it doesn't, doesn't matter. Because first of all, I'm not going to be doing anything right now. At these prices, they are in premium, right? So we're not going to be doing anything. And even though in the past, it would seem as if, and I have, you know, made money shorting, but, you know, nowadays, I realize that the crypto market is, you know, it, you know, it's better to participate during or before, if you get what I mean. A bull market is, you know, underway, which this bull market is exhausted, right? It's exhausted right now. You know, we haven't had pullbacks like this in a while now. We have all this bullish news, which literally, I'm having in have Bitcoin, half, or whatever it is, halving is how it's pronounced, I have no idea. You know, all of those factors, you know, you know, the masses, you know, jumping onto Bitcoin, all these big influencers screaming for, I don't know, $500,000, $250,000, and $100,000. Like, I, that just does not sit well with me, right? And I am more of a contrarian. So I want to see everyone against my trade, right? I want to see the banks come out and say, "Sell now while we're in discount." Like, that's what it is.

And another thing is, you know, mine here, and it's not like talking about aiming for $110,000 moves or aiming for, you know, $20,000 or, you know, aiming for, basically, it's not aiming for like anything under 25%, right? 'Cause if you're buying, if you're participating in the crypto market, right, Bitcoin, you want to buy Ethereum, you know, which is basically, you know, the safest assets in the crypto market. Everything else is just, it's not just noise. It's like, even Bitcoin, Ethereum, they're all Ponzi schemes, right? They're all Ponzi schemes, right? They have no real value, in my opinion. But they are the safest bets, right? And it's not that, "Oh, I'm going to hold this forever. I'm going to just keep all in this coin forever." No, no, no. It's, I'm going to buy at the lows, get out at the highs. So, right now, you, you can, you can clearly see SMT, and this is a sequential SMT between the centennial cycles, right? You can clearly see that. And you should be able to, you know, read the economy, read what's happening around us, what's happening, you know, in your local grocery store, you know, gas prices, you know, even if you can afford it, it doesn't really matter. Do you matter to you? But you should be able to read the economy and, you know, your, you know, reality of, you know, the life that you're living. However, we will, right, be tracking, you know, Bitcoin, Ethereum, as, as, as of now, right? We will. So it's actually, you know, pretty insane, right? Extremely low probability setups, right? Extremely low probability setup. Does that mean that there is no trade? No, it just means that it's low probability, right? Due to the fact that we have a higher time frame sequential SMT, right? A clear higher time frame sequential SMT. But here, we just have a H SMT, right? Whereas we have the bodies forming SMT, right here, right? This is the weekly cycle. This is the weekly time frame, right? And right here, we ran above the, the all-time high, right? We ran above the all-time high, which happened to be the high of the previous centennial cycle, right? So for now, you know, we'll be keeping an eye on this, right? These two asset classes here, right? We go to our, you know, main, right? The interest rate triads, right? These three assets, right? They give you information that you can't find anywhere else, right? They give you information that you can't find anywhere else. Does crypto market have a triad? Yes, it does. You'll learn eventually. I just don't want to talk about it now. Going to like drift away from, you know, what I actually want to talk about, just as I'm doing right now. Anyways, these three main triads, this triad right here, these three asset classes, you know, they give you information that you can't find anywhere else, right? There are times, right? There are times when you will have the IRT, the interest rate triad. I'm just going to be saying IRT as of now, right? So remember, any time you hear me say IRT, it's interest rate. I don't, I just don't want to be interest rate talking about you talking about this specific thing while, you know, just, I just don't want to be saying too much words, right? So the R, the RT that you see right here, whenever you have it, you know, moving in tangent, lockstep, in the same direction as the US dollar, right? And remember that we spoke about this before, remember that we spoke about this before, right? This equates to choppy market conditions, which we will see evident in the Forex market, we will see evident in the index futures market, right? So pairing the IRT with the triad of the Forex market, which is the dollar index, Euro, and the G, and GBP USD, you can get a, you know, a clear depiction, I would say, right? Literally a clear depiction. It's not, you know, if this happened, maybe this is going to happen. It's clear, okay? Which condition are we going to be within, right? Is it going to be a raging price action? Is it going to be, you know, we're going to be expanding, or we're going to be reversing? It's very clear. It's, it's never, "Oh, I don't know, um, if I should trade." Is if you should be trading right now, it will be evident if you shouldn't be trading right now. You should not, you know, literally, right? If you have the 30-year T bonds, the bond market, you're going to the same direction of the dollar index, what do you do, right? First of all, you should know that. And this is something you don't, I don't think I've said before, right? And these are the conversations that are, you know, the most important to you, whereas you'll see price action such as, you know, what's happened in the past week, you know, whereas you're like, "I don't know what to be doing. I don't know if, like, I don't know what a trade, right?" Or then you go in, what happens? "Oh, I'm looking for this, that they talk about." Right? But listen, if, if the market is low probability, and it is literally doing exactly this that you saw happen, like for the past few days, do nothing in regard to the Forex market. Do you get that? So you can find moves, right? If you look at the index futures market, right? So for example, right here, you can see where we took the third week, right? The third week of the previous quarter, which was last month, we took that low during Q4. Here, we rallied. So the dollar was doing the same thing, right here, right? The dollar was doing the same thing, right here. But if you go to the index futures, what do you see? You see that we failed to take this low, but we were, and we did rally. But due to the fact that we are still within low probability conditions, you can see that we just returned to the range, and it just looks like a chop. It just looks like, you know, just range in price action. There's nothing really to do. It just returned back to the equilibrium of the range, right? And what plays an important factor in, you know, this type of price action is this right here, right? If you see, remember what I talked about this week? It's a blank week, right? It's main purpose worse when, you know, time, you know, means time, you get that. Whenever you have, for example, non-farm payroll occurring, you know, during these weeks, whereas it's not the first full week of the month, it's not a full week at all, it's a partial week. And I've talked about what partial weeks are used for before. Do you remember? What are partial weeks used for? This torture. What does that mean? It's literally a time whereas you would have, you know, price action going down for too long, price action going up for too long, and it's like, you have to have that that specific week that's, you know, those specific days where we need to get rid of both the buyers and the sellers. We need to confuse people. We need to, you know, get, let, let their minds just destroy their minds in regards to trading. Let them be like, "Trading is a scam. Trading doesn't work. My concept doesn't work anymore." That's what it is. That's what it's for. Look at this right now, and literally, just going back, would you want to be a part of this? Would you want to be a part of this? Um, look at the true week, for example. The true week, did that even have any effect on price? What did price even do? Look at those highs, look at those lows. Where is price going to go? Where is price? Right now, price is literally dabbling in near 50% of the range. We have buy-side liquidity above price. We have sell-side liquidity below price. L, there is no easy way. And anyone that tells you that there's an easy way to tell you where price, they can, they, they come and do it live. They can't do it. They don't know. They're going to post, you know, screenshots afterwards. They're going to post charts afterwards. They, they can't do it, right? And you don't, you don't want to seem or act as if you are, you know, God, 'cause you're not. No one is, right? No, no one gets it right all the time, which is something that is beneficial for you. Don't understand, okay? Even though we get it right most of the times, right? 'Cause to be honest, right, we have been, you know, we did talk about having this retracement that you've seen right now on the screen. You listen to the recording. I don't, I think it's the one that I forgot to do a video for, but I believe that I did end up end up saying it in the video as well, right? So we were looking for a retracement, but it's just that we wanted to see price go a little like, probably here first, right? But we did see retracement, and that's fine. That's totally fine. Because guess what? This is literally like the lowest probability week of the quarter, of the quarter, of, you know, Q2 right now, this year, right? This week is doing what it's supposed to do. And this is what you need to understand. Whenever you have weeks like this, which are partial weeks, note, listen, in each, in each quarter of the year, right? Listen, in each quarter of the year, you have 12 full weeks, then you have this one partial week distortion. Then you have this one partial week. What which news event is happening during the partial? And, you know, non-farm payroll. It's not just week to have non-farm payroll. We have non-farm payroll every month. It's the partial weeks with non-farm payroll. You see, even if this information, I can go just go through it right now and talk about this, and it gets like, I don't know, like 100 likes or something, which is, I, if I post something like a thousand easy likes, you know, anything that I post, I could post three, three words, right? 'Cause what this information will go over people's heads. Literally, it will go over people's heads. Um, I don't know what Michael was doing. I heard they keep cooking him. I don't know why, man. They keep cooking Michael, saying he, he this, and, you know, which, you know, I love him. He's, he's great. First only mentor, um, but you can't be, um, how do I say this? Acting as if you know what you're doing during these times, which you should know are low probability. It's literally come. Okay, explain why is the low probability before it is even low probability. That's what I need to do. Not go in, okay, it's going to go here, but it doesn't go there, right? Then you blame it on something else. Everything is us, right? Market makers don't care about anything that we're doing, trust me. Like the amount of money that, you know, they're dealing with, we're peanuts, all right? A million dollars, $10 million, $100 million, peanuts, literally. And that's just how it is. But you can literally see, look at, look at the, look at the price action, you can see it. And here, where we had this, we had this wig up, what caused that? What caused this injection of volatility right here? Pay attention again. During this week of distortion, this week of distortion, this partial week, we did not take this low out, right? But in regards to the Dow, we took this one out. Wreck, literally volatility injected. Do you see that? Like, do you always see that happening where, wherever there's a correlation, there is what? What is there an injection of volatility? Whenever there's a correlation and a red folder news event, there's a setup. Not just every single red folder news event is a setup. No, right? And someone said there's a precision swing point of the L. You know, I don't believe we, I thought I should have mentioned that, I guess. But I believe that most of you, you know, you're paying attention to those things, right? You're studying your charts, you're looking for these things. And I'm going to tell you right, right now, why we have these distortion weeks, why we have this week of the quarter, out of the 13 quarter, oh, out of the 13 weeks of the quarter, right? One of them, you know, is for distortion. One of them is to take your money away from you. Then after that, what happens? There is literally clean price action, trend changes, everything is good again. And we'll see that happen during the course of this month. And whenever that happens, we'll come back and we, I'll say, "What, what would I say?" Do you remember? And it's not to gloat, it's not to say, "Oh, I'm the best." And no, it's just so you can understand, just so you can know, which is why it's most times I have to repeat, you know, I don't think everyone listens. Everything, I don't know if I put, put people to sleep, right? I don't, I don't know. So here, clearly, what is here? Low probability price action. No. We'll go to the dollar index. What does this look tradable to you? No, it doesn't. Unless, and I've said this before, right? And it doesn't even matter if we go near this high, right? We have to either break above this high or below this low, right here. Say it again, we have to either break above this high or or this low, right here. Which will more than likely have price, you know, draw below these lows tomorrow, right? This is not high probability price action. This is the time, the week of the quarter, which you would, you know, spend more time backtesting, spend more time, you know, figuring out, you know, your, you know, personal issues that plague your trading, spend more time, you know, learning, um, how do I manage my risks more or better? How do you do that? How do I do that, right? Also, why do we have that cause price to, you know, draw to this high, which we expected? Right? We had sequential SMT here, right? Whereas we had the Great British Pound push above this high, which was, push above this high, which was last week's high, then it just fell within the range. You see the type of price action that we want to see is like this, right? The type of price action I want to see is, you know, action like this, not, not price action like this, stagnant, doing nothing, right? The Euro and the pound, you know, can do more, right? And at the moment, and why can it do more? Why can the Euro, why can the pound take this low out? Why can the pound drop more than the dollar can go up? Due to the fact that the pound range is not as tight as this one, right? The Euro's range is not as tight as this one. But, you know, pay attention to the Euro, right? We have what, you know, I would consider as mirrored consolidations, right here. You know, and it's not to make any term up or anything, it's just literally this. You can see the exact same chop that's here is here. It's literally the exact same chop that's here is here. Right here, we have price running below this low. Here, we have price running above this high. Right here, we have trend line. We what we call trendity here. And then here, we have the same thing. Yes, I did say me, right? So this right here is very low probability, which is what you can expect all the times when you have a week that was designed for distortion. Listen, this is not me just coming here and being like, "Every week is distortion." No. Go back up. If you don't remember, you want to like remind yourself of who we are, what we do, the results everyone gets, you know, literally how we, you know, how accurate we are, right? Go back up, just scroll up, look up, look back up, look at the results, right? And this is why you should journal. So whenever you get to weeks like this, where it's not as clear as you want it to be, right? And as a professional trader, right, you're, you're not, you're going, if there's any week that you don't want to do anything, right? And there's basically four of them in the entire year. Each quarter has one. This is one of them, right? And the next course of the year, we'll talk about that other one again when it comes, and I'll be, "Do you remember the last one?" We're going to compare them, and you'll be like, "Oh, look, it's the same thing, right?" So here, right, look at this. The same chop that you have here, it's here. The same exact thing. It's just like, literally, it's mirrored, right here, right? This is low probability condition. This is low. Okay, you go in here, what are you going to do? What can you do? Wait. What do you want to see? You want to see price run above, for example, either this high or this low. If you know, you want to be participating in a long-term move during these, you know, specific, you know, ranges, for example, you want to work right here. You can search for, you know, lower time frame SMT. But still, you can see that this is definitely not high probability. You can clearly see the buy liquidity here. It's, it's literally so obvious, right? And it's, this is good because whenever we have a, you know, a shift in market structure, an actual shift in market structure, or a change in direction, then we'll know what to aim for. Then we'll know, "Okay, this is easy. It's going to go right here. This is an easy trade now, right?" But first, what do we need? SMT. When do we need it? In this, we need it to be occurring in the same quarter of a major news event, right? Which day is today? This is the day before NFP. Non-farm payroll. Listen, the day before NFP, during a partial week, in regards to quarter theory, is the day that you literally do nothing. So if there's any day out of the entire year that you do nothing, and like people might not like this now, they're like, "I came to see some magic stuff. I came to see." It's not every day. And I, I hope that I don't scare, you know, people like Andrew right now. It's not every day that you will see something that is high probability. It's not every day that you have to stress yourself. There are days that you just let it be. There are days that you do nothing. The day before non-farm payroll, what's happening? They're stacking liquidity on both sides. They're going to run both sides. Manual intervention. You want to trade? Then you wait until, you know, NFP, the NFP numbers or whatever it has released a report. But what I can tell you is, you can definitely know, you know, when there will be, you know, a low probability condition before it happens. Like, literally, that's, I talked about that a lot just now, right? I talked, I talk about like when to expect range in price action. Right now, you can see here, right? And even during this chop, right, you can literally this drop right here, see you, you see, you know, this falling right here. What do we see? What did we just say? We said that we can expect the pound and the euro to fall more than the dollar goes up. Why? There's more space for it to fall within the range. In regards to the range, right? Even though there is no, you know, SMT or anything of that nature here, still, you, you can see, right? Also here, do you see this fair value gap? You want to trade within a range, and it's a low probability condition. What, you know, another way that you can do that here, right? If there is one that has a fair value gap, for example, right here, we have the U that has a fair value gap, right here. This fair value gap formed when there's this value formed during the London session, right here. We have price run into this fair value gap. But guess what? There's none here. There's none here either. Right? There's none here, here either. What do you think you should do with that information? To just make it more clear, 'cause if you guys, you just can't see it, I like doing this, right? Right. Pay attention. There's none here. There's none here. But there's one here. Now, this will become what? A high probability fair value gap, okay, okay, okay. Imagine now, imagine now, right? We have, we had SMT here, higher probability. Literally, oh, this alone, and you're using, you know, the one-hour time frame, one-hour fair value gap formed in the London session, price revisited that fair value gap when during the New York session, boom. And we still have, you know, this falling right here. So literally, I believe that, well, still, if you shorted, take profits. So I know you guys like this. It's going to go lower. Can hell short? Yeah, yeah. Now I'm the f***ing best. I'm gonna f*** it. It's dropping, it's dropping, it's dropping, it's dropping. Stop loss at break even. All right, pose found challenge, and I'm gonna send it today, and D is gonna post in the group, and I'm just gonna go now. I'm the best. All right, mind you, hell, look at this guy. I love it. I love it. You know, it's good. Like, I, I wish, I wish that, um, I had this back in the day, you know, to be honest, you know, and, you know, I used to, to trade, you know, I say, you know, a lot, I don't know why, whatever, but yeah. And mind you, we're still within the range, and you can, you can see right now, right? I believe we start the stream here, so say 9:30, 9:30 candle right here. Let's take note of it. Let's take note of the reason why we have expansions. How can we know the price will expand if there's not a cracking correlation? How can we know that? Okay, let's talk about it, right? Low probability days. How can we know this day? Look at this right here. I have no idea why this is blue, but it is. So we have right here, we have this gap, right? We have this gap right here, as well. We had, we had another fair value gap here. All right, this candle, it's the 9:30 candle, right? This candle right here, 9:30 candle. We'll pay attention. We have no gaps here, all right? There, there's no gaps right here. I have multiple screens, so I can literally see, you know, every time frame. It's not just what I'm showing you right now, is what I'm seeing, by the way, for that's just for some of you that just don't know that, right? So, and we took these lows right here, which we expected. Low-hanging fruit, extremely low-hanging fruit, during a low probability day, lowest probability day of the lowest probability week, all right? And what do we have here? Chop here, chop. So yes, I believe that would be it for today. And what do you talk about crosses eventually? Yes, eventually. But those things are not, you know, the best thing to talk about. You don't need to be looking at crosses. You like, why at this time? Why? You just need to be looking at, you know, what's the highest probability, right? The highest probability ask right now, right? So I see, I see that you guys have some questions, and there's a lot of questions right here. So remember, we're going to go live tomorrow again at this, you know, at the time that we went live today, you know, and tomorrow, you know, we will, you know, be going live after like an hour after non-farm payroll has been released, whereas we'll see the effect that it has upon the market, and we can find a sentiment then, can find, and look, we still have it falling. I don't know if you know that. Be fascinating to be honest, if this was like, if I had this opportunity. And another thing is, honestly, I'm thinking about just after this year. I don't, I'm not even sure, right? But I am, you know, more, I don't know. It's like, I don't want to, not that I don't want to be with, you know, with you guys anymore, but it's like, I, I don't know if I will, like, open another. I just like, keep everyone here, and it just be like the secret society, and it's like, you know, after next year, it's like, you know, for the OGs, it's free. It's like, just us. But I don't know, you'll see. 'Cause it's like, like managing two, three more thousand people, um, it's funny to see. And people are like, but they, that's like, um, you make like almost a million dollars a month. And I'm like, bro, um, first of all, not, not a lot of money, not worth my, you know, sanity, really. And this is why, you know, you don't see me, um, advertising, right? Literally, you'll never see me advertise like that, man. It just be like, you know, in, you know, in Telegram, if anything, 'cause once I ever whisper, you know, there are people on Twitter, people that just follow, they don't even know that this is this. They don't know unless like someone talks about it. Guys should stop talking about it. All right, I'm joking, I'm joking, I'm joking. All right, so yeah, we'll see, we'll see. Definitely, we will see. So yeah, there will be, you know, next year in the, or the end of this year, in the KYC, you know, if you want me to share my, you know, personal algorithm with you, right? It's not like you're going to see a code or anything. Just like you're going to see the product, the information that it produces, um, based on, you know, things we talk about here, based on things that you don't know about yet, right? You know, how it will, you know, be like, you know, managing this specific asset or this one or this one, you know, producing multiple different biases, telling you when there's going to be a low probability week, when going to be low probability, right? Which ultimately, I'm trying to automate, right? Because like, imagine having something without emotions that's accurate. There is he dream, you know, like nothing else there in the world right now that's public. And obviously, if you have something like that, you don't want to tell anyone about it or like just sell it. You can't sell anything like that. Even if someone has something like that and it actually works, they will not sell it, right? They won't. So, yep, we'll be back tomorrow, same time. We've been here for almost an hour, right? What will we, what will we do about Andrew? Have a talk with Andrew, to be honest. Andrew, check your DMs. So when we, when we get to W, well, and you will get, you know, information pertaining to that pretty soon, right? Yeah, you'll get, you'll begin to get homework for those that need it, right? For those that are not as advanced as, as everyone else, right? And obviously, charts will be shared there. If you see me post a chart, replicate, right? Try to replicate it. And, you know, the reason I don't post like very high, you know, the edited, um, marked up charts, right? And you'll see why whenever you see me start to do that now, then you'll be, your eyes will be, you know, more enlightened, due to the fact that I haven't been doing that for the past few months. So when I actually start doing that, you'll be like, "Wow, this is, oh, this was here. Obvious. I see. You have to put it, right?" So yeah, we will be back tomorrow, same time. I hope you guys have a wonderful day. We've been here for like 55 minutes. Lot of energy in the in the morning. Don't go in over risk, lose your money, waste your time. Trade on this chop. Just have patience. Another trade will always form. There's nothing to rush. There's nothing to be anxious about. There's nothing you shouldn't be afraid that won't find trade again. There was always, they were always, you know, trade. Price and time is fractal, hence everything repeats. Have a wonderful day.