all right folks welcome back this is episode 29 I'm gonna be doing a brief review of what took place today I obviously executed today I wasn't planning on doing two videos but uh obviously by the comments some people are a little bit confused so I kind of want to bring your attention back too that 12 553 and a quarter level which is the relative equal highs here on NASDAQ so that was kind of like the basis for why I went into the market today Monday the 16th of May 2022. the bullish bias I was looking
for this drawing liquidity still for Nasdaq I originally went in looking for a trade in NASDAQ but all right and the s p much like the NASDAQ had a daily swing low and while we didn't have relative equal highs here for s p the bias was in my opinion warranted for at least the beginning of the week looking for a continuation on the outside before I get into it tomorrow which is Tuesday May 17 2022 8 30 in the morning New York local time we have retail sales numbers and then two o'clock in the afternoon
New York local time we have the FED chairman speaking so there's going to be all kinds of volatility at two o'clock tomorrow that's the reason why the market was kind of like lethargic today but I wanted to kind of like showcase something so today I kind of like wanted to put a nail in the coffin finally about this whole business about rented in T4 servers okay I'm never going to bring the conversation up again or the topic again I think everyone knows now by seeing what I've done here just in a short span of time
if I did this for another five six weeks you could clearly see that it's not impossible for the same things I was doing on Twitter years and years ago okay with mt4 I'm not using mt4 here I can't game this system I'm using live data you're watching the execute it is what it is folks okay now it's paper trading it's demo trading but I do it just to prove that I can read this stuff I'm not trying to beat my chest I'm not trying to brag but I just want to finally put this to bed
because it's still you see people talking about all the time when they do that kind of talking you take them back to these videos here you link these videos to them and let them choke on it all right so we have the one minute chart I went right into the one minute chart because we're starting with the bullish bias and at 9 30 we see the market does in fact take out a short-term High it declines I'm not interested in going short it does not give me a pattern anyway notice that there's no fair value
Gap Revisited the market creates this relative equal low starts a rally trades up into the afternoon in here I want to see it create a buying opportunity now the logic behind all this is we're in a day before Fed chair speaks so there's going to be very low volatility as a result of that so it's going to be a small range day doesn't mean you can't trade it obviously but it takes a little bit more experience now I'm not saying that you should trade ahead of Fed chair Powell speaking or any future fed chairman because
it's going to be a very quiet day usually like this okay and it's important to know when the volatility is likely to occur and when also the volatility is likely to shrink up and get kind of like lethargic if you look at the s p at the top see the drop down relative equal lows and then we have the same similar pattern here but look what NASDAQ was doing see that lower low when s p was saying I don't want to go that low so it was resisting going lower then we retraced higher just like
this NASDAQ did but that NASDAQ made a lower low than that of 10 o'clock in the morning while at the same time the s p said no once again I'm not going lower than the low I made at 10 o'clock so we had a Divergence here and here no indicators folks I'm using inter-market relationships and this is what I dub smt smart money technique or smart money tool now the importance of that is I already had a bias that's bullish there was no short trades that were lined up with this model today there was no
interest in wanting to be short I want to focus on being long so we're in the one minute chart here and I want you to take a look at what we have framework wise obviously you've probably already seen the short video compressed today but looking at Price action like this yes you can see there is a rally up it breaks the short term low a fair value Gap it trades up into it and breaks down big deal this doesn't fit the criteria because the displacement leg here would require us to see a fair value Gap
above 50 of the high and the low the displacement leg and we don't have that so nothing here fits the model for a short but Watch What Happens the market creates a run-on sell stops here then Morales retraces back down into a fair value Gap I've seen this happening but I was trying to get the recording software that I use and by the way let me just throw this in here too because I see people asking my website address as a watermark trading view doesn't do that okay I use my Camtasia recording software that helps
me do these videos it's just an application you can overlay like a like a text call out I call it and that's what it is so it's really when I'm doing the recording talking there is nothing here it's a it's a blank chart and then at the end of the recording when I'm editing it I'll just add in my website address and so anyway with that said we've seen the market trade back down in and I was trying to get the Camtasia Studio to open up and sometimes it doesn't open up and give me what
I need so I have to close it down entirely and restart it and the whole time this candle was doing its business and I wanted to see it returned into the sphere of a gap once more and I got in on this candle here and we'll look at the relationship between the NASDAQ which was a little bit sloppier in here versus the s p a little bit more structured here so the fair value Gap in here this candle in here it Wicks down into it and I want to get close to this fair value Gap
without it running too far away so I kind of like want to touch a little bit tonight with close proximity entries that means you might not get so precise with your entries you might fumble with your order entry or something might happen like it happened with me I I wanted to record me entering not just simply say here here's a trade I took so I wanted to show obviously me getting in putting a stop managing the position and adding the second position in here what do you do in this situation if you miss the ideal
entry well as long as you're getting in there really close or like I'm suggesting here a close proximity entry I don't think there's anything wrong with it so if we are looking for entry patterns the idea is we want to get into where our model is suggesting it so we're seeing the market trade lower lower it's failing to make a lower low like NASDAQ and we have this load is probably not going to be taken out because we're bullish the market rallies up we have a short-term shift in Market structure that trades back down into
the Fairway Gap look how many opportunities if you go along one two three four five six seven eight eight candles it gave an opportunity to get in this area here either inside the Fairway Gap or in close proximity to it now when the market starts to Rally I have one more indication that the market structure has shifted again bullish with these highs taken out here and then they had a small little Fair bag out there and then you watch me add more the limit order came in filled it I only had one and a half
or no I'm sorry one and three quarters handles okay seven ticks if you want to think of it like that at seven ticks of Heat against me on this little candle here before I started running in my favor I took the full pool off here and I did not get the highest high I was a little disappointed in that regard but uh the the candle obviously hit it there and we'll go over to trading View and look at the business all right we're over here on trading view this is live you can see time of
this recording this is where I'm sitting down at the computer and the market trades lower creates that short-term run here rallies breaking Market structure to this upside trades into the fair value Gap and the secondary fair value Gap and it runs up into the liquidity above here now if I add the executions I want you to see look right in here and right in here and up here where you'll see the excess and entries respectively so you can see there's that candle that entry 3994 and a half 3996 and a quarter and it went down
to 94. what's the low here yeah 94 and a half so it was only less than two handles Heat against me before I started relying there this one 399 450 was right in here and the low on this candle 93 in a quarter so one and a quarter no less than one yeah one less than one handle of heat entering on this candle here and the next candle had a little bit of retracement so very very very tight placement and this was not entering in the fair value Gap it was in close proximity to it
so the underlying idea was it was going down in here to go higher retrace into that to go higher and you saw me map out all this stuff here and call it up in you know business is done but the exit up here 4022 and a half and that's that you can see there is no short positions in here no short positions over here on that business and on NASDAQ we'll pull that up to sort of completeness sake too [Music] okay and no executions here see so all the business was done in the s p
today so my question to you is when you see these videos and I'm trying to illustrate obviously that I don't need to fraud anyone the things I'm teaching you I think that you're seeing evidence that it works hopefully you guys have seen enough with this here um do the math folks okay in less than a week and a half how much more would you see this compound if I did it for six more weeks or five weeks is it hard to imagine the things that I did on Twitter with mt4 not a rental nt4 server
literally pushing a button putting the orders in doing the whole business okay I know a lot of you have just discovered me and you're seeing people post stuff about how other Traders or other mentors or other teachers they fake their positions I'm open about paper trading because it's compliance I'm not legally allowed to give you trade advice so I'm protected by my discussion in paper trading because you cannot make money with paper trades and you can't lose money with paper trades but I've always said this from the beginning I've dubbed myself the demo baller I
championed that Meme because I want to make sure everyone knows that I'm not promising you profitability I don't dangle a care in front of you and saying you're going to do what I'm doing here because you're not going to be able to replicate this you're not okay don't be deceived by seeing me do this again for like the fifth time running up an account like this would Breakneck speed velocity and this is just casually dealing in a tight range when there's large ranges I could have easily taken this over to a million dollars already but
it doesn't prove anything except for the fact that I can read price action that's all that's all I'm showcasing I'm not trying to say I'm the best I'm not trying to say that you can't make money in other things I'm just saying I know how to read these candlesticks I know what they're likely to do most of the time before they do it not all the time I take losing trades but when it's really likely to work with the algorithm I'll be dialed in you can't fake what I'm doing you can see me executing the
trade you can see me managing the trade you can see the orders entering and filling they pop up they verify the whole thing no replay button up here none of this stuff okay see how that's blue now like you can't create that same scenario so I'm hopefully satisfying this discussion that people like to bring up all the time about rented mt4 servers because like that they couldn't wait to put that on me because they watched me do just like this and I ran up to five million dollars in a little less than one and a
half months Okay so I understand that doesn't seem possible I understand that people that would be able to do what I'm doing could very easily go out there and defraud people I'm telling you it's demo I'm not saying that I did that with real money I'm just saying that I can read price action I can see these patterns forming and even with these other folks out there with fake mt4 servers and mt4 screenshots of making money and all this other fake withdrawals on I made fun of all that stuff I trolled those people on Twitter
now I'm about to go back to Twitter this time I'm not going there with that intent I'm ready should someone want to bring it but I'm not there or going there for that reason the reason why I'm going to Twitter is I miss being able to do my small little vignettes where I would do recordings of me either taking a trade or reading price action and having some short little clip 40 seconds long or less of Music in the background I miss doing that maybe it wasn't always your cup of tea for my music choice
but I have a very diverse palette for music and it's just one of those things I enjoy doing so it might not be worth it for you to follow me on Twitter or it might be I don't know but I kind of wanted to clear the air for the last time and show you all one more time where I don't need to do what fraud to do like I can I can see this stuff before it happens and you can learn how to do this too you can read it before it happens you can see
it you can have faith that the things that you're learning here are rooted on Sound Logic it's not randomness it's not retail logic these are things that are algorithmic and I think today was a testimony to that so tomorrow's going to be very volatile be careful do not try to trade tomorrow you'll probably hurt yourself if you do or don't listen to me and learn the lesson the hard way until talk to you next time be safe
