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Bias Manual Bootcamp Day 1

0h 37m video Published Mar 7, 2023 Transcribed Jul 28, 2026 El Sensei El Sensei
Intermediate 15 min read For: Aspiring forex traders with basic knowledge of price action and order flow, looking to improve market direction analysis and trading psychology.
AI Trust Score 68/100
⚠️ Average / Some Fluff

"Delivers solid content on market bias with practical techniques, though some parts feel padded with repetition and long intros."

AI Summary

This video is the first day of a trading bootcamp focused on determining market direction (bias). The speaker explains the importance of bias, using timeframes and previous day highs/lows to find direction, and emphasizes the psychological aspect of accepting losses and controlling emotions.

[03:21]
Definition of Bias

Bias is the brain's inclination toward a predetermined direction in future price, determining 85% of trade success probability.

[04:34]
Amygdala and Trading

The amygdala triggers fear responses similar to encountering a tiger, causing hasty decisions when facing uncertainty in market direction.

[10:33]
Range vs Distribution

First step: identify if the market is in a range (highs and lows manipulated) or distribution (price moving in one direction) scenario.

[14:39]
Highs of Previous Days

Simplest way to find direction is through manipulation of previous day's highs and lows, especially in the New York session.

[17:08]
Multi-Timeframe Analysis

Use 1-hour timeframe for direction, 15-minute for support, and 5-minute for entry confirmation (60% discount with order block).

[23:44]
Probability Question

At 8 AM, ask: 'Is there a higher probability of buying or selling?' If unsure, stay out. Patience is key.

[27:35]
Win Rate and Control

The speaker has a 50% win rate but emphasizes that controlling reactions to losses is more important than being right often.

[30:06]
Result Over Time

The final result is the sum of many trades, not a single one. Reactions to losses determine long-term profitability.

Mastering market direction requires both technical analysis using multiple timeframes and emotional control to accept uncertainty and avoid revenge trading. The key is not to win every trade but to manage losses effectively.

Tutorial Checklist

1 10:33 Determine if the market is in a range or distribution scenario by marking highs and lows of previous days.
2 14:39 Identify manipulation of previous day's highs/lows to gauge potential direction.
3 17:08 Use 1-hour timeframe for primary direction, then check 15-minute and 5-minute for confirmation.
4 23:44 At trading start, ask if buying or selling has higher probability; if uncertain, do not trade.
5 20:56 In 5-minute timeframe, wait for a 60% discount with order block after manipulation for entry.

Study Flashcards (9)

What percentage of trade success does bias determine according to the speaker?

easy Click to reveal answer

85%

03:51

Which part of the brain reacts to market uncertainty like a dangerous animal?

easy Click to reveal answer

The amygdala

04:34

What are the two types of market scenarios mentioned for direction analysis?

medium Click to reveal answer

Range and distribution

10:33

What is the simplest way to find direction according to the speaker?

medium Click to reveal answer

Through manipulation of previous day's highs and lows

14:39

Which timeframes does the speaker use for direction, support, and entry?

hard Click to reveal answer

1-hour for direction, 15-minute for support, 5-minute for entry

17:08

What discount percentage with order block is used in the 5-minute timeframe for entry?

hard Click to reveal answer

60%

20:56

What question should a trader ask at 8 AM to determine direction?

medium Click to reveal answer

Is there a higher probability of buying or selling?

23:44

What is the speaker's approximate win rate?

easy Click to reveal answer

50% (5 out of 10 times)

33:14

According to the speaker, what takes longer to learn: strategy or emotional control?

medium Click to reveal answer

Emotional control (a year vs three weeks for strategy)

33:38

💡 Key Takeaways

📊

Bias Determines 85% Success

Highlights the overwhelming importance of direction over other factors in trading.

03:51
💡

Amygdala Analogy

Connects primitive brain responses to trading decisions, explaining emotional reactions.

04:34
🔧

Fractal Timeframe Approach

Provides a clear, scalable method using multiple timeframes for confirmation.

17:08
⚖️

Patience Over Action

Emphasizes that staying out is a productive trading decision, countering FOMO.

23:44
💡

Sum of Trades Matters

Shifts focus from individual trade outcomes to long-term performance.

30:06

[00:16] friends, welcome ladies, gentlemen, boys and girls to this new and wonderful episode. Today we'll be on our first day of the

[00:28] Bayas Bootcam Live Manual. Let me make sure everything is running perfectly fine on the Live before we begin.

[00:45] Okay, so friends, today is our day 1. Today is basically, you could say, one of the most important days of the entire volcano. We're going to be dividing it into three phases: phase 1, which is today; phase 2, which is tomorrow; and

[00:58] phase 3, which would be Wednesday. The times will be changing a little. Today was at 9:00. Actually, many people asked me to move it to 9:00, and I took advantage of that request because I also had something to do between 7:00

[01:11] and 8:00. So today is day 1, and today we'll be talking specifically about direction. That is, everything we'll be talking about today, and most of what I'll be sharing, is going to be specifically about what the

[01:26] word direction determines. The image you see here, look, like, ready for war, is because direction is the most difficult part, according to us. Traders, the part that has become more complicated, the part

[01:41] we're looking for an answer to, we haven't been able to find the answer to the direction part, and we 've closed ourselves off or understood that direction is like a trick, or that traders who are able to

[01:54] determine the direction have the path completely paved, and in a certain sense that's Direction is an important part, but there are other important things, that's why but there are other important things, that's why this bootcamp, which, to be

[02:08] honest, I don't even know what " bootcamp" means, but I know that when people take a course, they look for something nice. So I called it " Fence Manual Bootcamp." So, day 1, all this

[02:22] content was inspired by the strategy I created a few months ago, almost a year ago, the "Fence Manual," which encompasses everything I use to find the everything I use to find the direction. I don't have anything else, but I have been able to

[02:36] refine it as I use it because I'm gaining more experience. The last time I talked about the " Fence Manual" here on YouTube was a few months ago, and obviously in that time, with the experience I've

[02:50] gained, I've learned many things. More and how to use them has allowed me to modify and even simplify what we call content inspired by what you're going to see today came from the fence manual. It's

[03:05] very important to me that you pay close attention to this. Tomorrow I'll be announcing the winners of the giveaway from the last video because I don't have it yet, but today I need super, super concentration on this part. I

[03:21] always try to make my sessions a little short but direct, to the point, and without going around in circles, let's brain can be defined in this case as the brain's inclination in

[03:37] a predetermined direction in a future price. It's like the characteristics or small pieces of information you have in your mind that make you understand that a direction is possible or not. This

[03:51] concept will determine 85% of your probability of making a successful trade. The way you find the direction can highly define the probability of you succeeding or not accepting that trade. So, if a person

[04:06] concentrates on discovering and improving their fences in front of the market, "fence" is basically direction. If a person It focuses on that and is highly productive in this sector of fences. It can determine an 85% probability of your

[04:21] success in a trade. Or, I have a good friend who says that when you know the direction, the entry appears on its own. And that's correct, but it all depends on how well we manage a good fence. I explained this in the

[04:34] previous video, and I don't want to go into too much detail here. In our brain, there's a part called the amygdala. That part is generally there to help us react to dangerous scenarios. Our

[04:48] brain is fully prepared to make immediate decisions in case of identifying imminent danger. It's like when we're in the forest and a tiger appears. Our brain, immediately seeing that it's

[05:01] could cause us danger or harm, makes a decision. And that decision manifests itself through our sense of locomotion: our to run, in the same way we might in the

[05:15] face of imminent danger or in the same way we react to a dangerous animal. Our brain also reacts when we're facing the direction in the market. This is a super important part because many

[05:29] people don't really take it into account. And they would think that everyday activities have absolutely nothing to do with direction. But when you 're a trader and everything you do is geared towards trading, then you are

[05:42] affected by your amygdala. But that's a bit boring. Here I want to get into the important part that we also saw in the fence manual: that identified danger makes us take a direction in the price, often

[05:57] hastily, so as not to be left out. It's like the same example: we're in the forest and we find a tiger. Well, "tiger" can mean something else. If we're talking in Dominican slang, we're going to follow a lion. We're going through the forest and we find a

[06:10] lion. That imminent danger that appeared quickly, if we wait, can lead us to make hasty decisions and can lead us to run, which might not be the most advisable thing to do if we find a dangerous animal. At the same

[06:23] time, that imminent danger is identified by the brain. Sadly, the brain cannot distinguish between different situations. A person could feel the same amount of fear they feel when seeing a lion in a

[06:36] forest as they would feel when entering a chart and not knowing which direction to take. Therefore, in both scenarios, even though they are not similar at all, in both

[06:48] scenarios a person can react... In the same way, and if someone tells me to fix this transmitter a little bit, it seems to be

[07:05] damaging the screen, someone told me by message, " better, ready,

[07:18] a person facing imminent danger can react in different ways, and if a person doesn't react correctly, the danger can backfire, or the decision they make can be the wrong one. And if I make

[07:32] the wrong decision at the wrong time, in the case of the market, this can cost us or result in a loss. Every day we enter the market and possibly find ourselves a little sad, in the

[07:48] middle of deciding what to do, whether to buy or sell. That's why what I want to teach you today are two mainly logical things that I find direction. Today we're going to focus 100% on direction, and to avoid

[08:02] focus 100% on direction, and to avoid making this sad face here, what we're going to do is work on that aspect of direction. I'll show you;

[08:21] in the entire live stream. Direction—if we can improve direction in the correct sense of what the word "direction" means, if we can understand, accept, and determine Finding the right direction is very likely because

[08:35] our time on the chart will be different. Here's a slightly nicer example of who we are: that's us. You see this little face on the left, that's us. Every

[08:48] left, that's us. Every morning we arrive at the chart, and that white line defines the time. We arrive at the chart in New arrive at the chart in New York time, and that little yellow line defines

[09:01] the direction. When we arrive at a certain time, our level of satisfaction that day is high because we haven't yet could expose, change, or alter our emotions. But that line

[09:17] in the middle is what can alter those emotions because we still don't know if the direction will be specifically for buying or selling. The moment this chart scenario

[09:32] determines how we feel after the trading session and identifies whether we feel bad or good is when we know the direction is affecting us. If on the day you understand

[09:45] the direction is to buy, you buy and feel good, and on the day you understand the direction is to sell, you sell and don't feel so good, then those are the affecting me, and that's what we need to improve. I'm going to improve the direction, or

[10:01] direction in this small section with three main things. If we identify these three main things, we literally have it all. The first and most important thing is what we should do specifically. What should I

[10:19] do to improve my direction so that every day my emotions aren't affected by knowing that the price—I thought it should go up and it didn't—or I thought it should go down and it didn't, what should we

[10:33] do? I'm going to show you this directly on the chart. Here we are on the chart. This is the Euro/Dollar chart. You know what the Euro/Dollar chart is, but it's You know what the Euro/Dollar chart is, but it's where I focus, and I know that the

[10:46] decisions we can make here on the Euro/Dollar chart, day after day, will improve as our direction improves. The first thing I do is define whether I'm in a range scenario or a

[11:00] distribution scenario, so you have an idea. These are names I gave them to know if... When I talk about ranges, it means that the highs and the highs of previous days are being used constantly, and when I talk about

[11:15] distribution scenarios, it means that the price is staying in the same direction in a certain way. very prolonged, for example, during all this time from during all this time from February 19th to February 24th, all of this

[11:30] We saw that the only thing being manipulated were the Lows. Therefore, this was a distribution scenario. I always prefer Range scenarios where I see manipulations of highs and lows at the same time. I

[11:46] always try to identify, over the entire week, I mark from Monday to the current time. In this case, I'm marking the highs here, I'm marking the lows, and it all depends on what I'm looking for at the moment. But to check,

[12:00] what I'm looking for are the highs and those of previous days to identify if I'm in a Range scenario. If I see that both highs and Lows, in this small case here, are being distributed below them, then OK, that

[12:14] gives me the idea that I'm in a Range scenario. First, I need to know exactly where I stand, and I'm marking it. And what scenario can mislead me a little, and what scenario can help me a little? When we talk

[12:28] about Highs and Lows, we're going to have few possibilities of what can happen with that thread. It could be that the log is Distribute through it, I give myself a discount to continue distributing. That's one possibility. It's possible that the

[12:41] low will manipulate it and there will be a total price reversal at that point, and continue the distribution through that point. That's also a possibility, but my task now is going to be to identify which are the important highs and which

[12:58] will be a reversal, or which will have a price continuation. By managing to identify that area, I have part of the direction covered. Very well, today we're not going to focus much on the topic of entries, but rather on

[13:11] where the price is being distributed from and to. Remember the trigger and distribution theory. Generally, what we're looking for is for the price to trigger that in the block order, limit orders are placed, and those orders are distributed

[13:27] through a high and a low. A totally effective day, or a day that I would call a Premium Delivery day, where there is a perfectly correct price delivery, would be a day like this. Look at the following: in the New York session, it

[13:41] triggers an order block. Let me show you a little bit here. Here in the New York session, it triggers an order block. And before the day ends, or even after the day ends—oh no, not before—there 's a distribution above the

[13:57] previous day's high. This means opening and delivering orders above the previous day's high. I understand that the distribution is possibly complete when what I observe is that after distributing above

[14:10] that high, there's a small reversal. That means orders were closed. Many open orders would cause movement, and closed orders would cause movement, but in the opposite direction. If all those buy orders from this point are

[14:25] closed, it's very likely that the reaction will be a movement in the sell orders than buy orders, which causes an imbalance in the price. Therefore, once I identify my "Hello"

[14:39] from the previous day, the simplest way—and I 'll tell you this in this live stream—the simplest way for me to find direction is through the highs of previous days. And especially if those highs and slabs are manipulated or something happens with them, then

[14:53] yes, in a specific session, especially the New York session. You know that I generally trade from 8 to 11; that's my typical time. My trading schedule uses a manual of fences, and depending on where the

[15:08] manipulation occurs, the activation of the trigger ( redundancy intended) helps me understand where the direction might possibly exist. But that's not 100% enough for me to

[15:21] identify that as the possible direction. Look at how my mind works when I get to the chart, and I 'll explain. For example, on this day, I got to the chart on Friday, March 3rd, for instance. I arrived

[15:33] for instance. I arrived at 7:50, almost 8:00. When I arrive, the very first thing I try to look at is the high and the low of the previous day. I have a range, I have some possible

[15:47] distribution scenarios, and I need to determine which of the two is more likely. Let me eliminate this one here and this one here. Let's say I'm in the New York session on this day. I'll go back a little further. I'm in

[16:00] the session of my life; I haven't yet determined the high or the low of that day, but I can work with a range. Within a few pips, I have the high of the previous day, and within a few pips, I have the low of the previous day. So, the first thing Once I've

[16:13] identified that "Boom" part, that's going to be what helps me the most with the direction. But that won't help me if I don't understand that I only have the probability of it going up or the

[16:26] probability of it going down. How can I order the timeframes correctly to identify which direction I have the highest probability of being right about if I place a trade? Let me tell you again, when I enter the exact

[16:40] time frame where I'm going to trade, I ask myself the question, understanding that I only have the possibility of the price going up or down. I only have two directions. How can I try to determine which

[16:53] direction is most likely if I take a trade? And that's where the having the... I don't yet have the necessary information to try. If I stay on the one- hour timeframe, maybe I won't have that

[17:08] this price edge, I don't know if it's going to use this price order, I don't know if there's going to be an expansion upwards or downwards. So I try to have smaller timeframes with the... Larger timeframes are used

[17:21] to try and determine, so you have an idea and to make the example a little easier. This first square represents the one-hour timeframe, and this first square represents the 15-minute timeframe.

[17:36] square represents the 15-minute timeframe. hour and this high is manipulated, there's a possibility of a reversal. Logically, if you see the

[17:49] Logically, if you see the same thing in 15 minutes, you would basically be understanding that timeframes are fractal; what can happen in one hour can happen in 15. Therefore, if in one hour I'm looking for highs from

[18:05] previous days, when I go to a timeframe like 15 minutes or 5, the importance of the highs in those timeframes will no longer be the high of the previous day, it will be the highs and the ones before that. And that's how we reduce the

[18:18] importance. In one hour, I look for highs from previous days because, as in the one-hour timeframe, the space I have in intervals is a little larger—24 candles. Since I reduced it four

[18:32] times the time to 15 minutes, I... Minutes instead of looking for highs from Minutes instead of looking for highs from previous days, I look for previous highs. That would help me use double confirmation regarding the highs. Let me

[18:47] a little lost. In the one-hour timeframe, I 'm generally looking for highs from previous days. For example, today I manipulated the logo small reversal. But in the 15-minute and 5-minute timeframes,

[19:01] I'm looking for highs, not from previous days, but from earlier. In this case, we can see at a glance that the 15-minute timeframe manipulated this previous high. We could identify it as being like the

[19:15] trade highs from the New York and London sessions. In this case, after manipulating the London high in the 15-minute timeframe, we observe this expansion, this discount. And that was an entry that many people

[19:28] took because that day many people tagged me on Instagram taking that entry with the song by Marcelo, which has become like a train after the manipulation of that high. I understand that if one day I don't have a

[19:42] manipulation of the high or the previous day's high, I I can play a little with the smaller timeframes and manipulate highs within the same timeframe. So the big question is, I get to 8 o'clock, and I try to identify if, in the

[19:58] my highest timeframe besides the daily one, but I don't use the daily one as much anymore— if I don't have the hourly timeframe I can play with, I'm talking about what I can use to determine direction, then I go to a slightly

[20:12] look for previous highs and lows, understanding that the scenario is fractal and that I have two possibilities: either I manipulate the high and it continues upwards, or I manipulate the high and it reverses. But being honest and realistic, the most

[20:29] manipulating the high, we'll have reversals if we accompany it with smaller timeframes. Because, in this same example, after manipulating that high—be aware and tell me if you would have bought at that

[20:43] point—buying in the middle of a manipulation, especially a were analyzing structures, you would have So it wouldn't be the most ideal. Therefore, at that point... Ideally, we would sell,

[20:56] but we don't sell. It's not immediate, but rather supported by this 15- minute timeframe that gives me direction, I use the 5-minute timeframe and generally look for the confirmation I'm looking for. In 5 minutes, it's a 60% discount with order block; it's the

[21:12] a 60% discount with order block; it's the simplest thing. In 15 minutes, it looks like manipulation. After the manipulation, I wait for the discount with order block. 15 minutes, manipulating a high would look like this scenario, but

[21:26] the 5-minute timeframe would look like a discount for the order blog. After that manipulation, this double- timeframe scenario would initiate a simple, easy, and effective entry. On the days when I do

[21:41] one-hour timeframe and I feel a little lost, then I combine 5 and 15. What I never do is 5 and 1, remember what I said in yesterday's live, but 5:15 is fine. Therefore, one hour will be my

[21:57] direction. I love marking highs and those of previous days, perfect, but not perfect range scenarios where the high of the previous day is manipulated and then there's a reversal. It happens every day, maybe some days yes, but on other days

[22:11] no. So my support for the 5 and 15 timeframes, therefore, in short, what I just 5 and 15 timeframes, therefore, in short, what I just are looking for direction, we need timeframes that indicate

[22:24] direction. In my case, I use one hour and 15 minutes, as specified in the fences manual, and to enter, 5 minutes and 1 minute. Therefore, there are days when I don't

[22:36] find it so good, or there are days that are like this one. Look at this day, which was super interesting. We have the previous day's high, the previous day's high was manipulated in the London session. In the New York session, we see a small

[22:48] accumulation, and then it returns to the point of this high. Some of us might think that at that point it's time to sell because the high was already manipulated, but then there is another manipulation above that high. So it's

[23:01] difficult for us to determine if on this day the greatest opportunities would have been to buy or to sell, and that's where the controversy comes in. Am I wrong about the the controversy comes in. Am I wrong about the direction? And it's not so much

[23:13] the confusion, but possibly that this scenario that is seen in a certain way... Smaller timeframes are the pullback in other timeframes. In this case, notice changed its structure. Now we're slightly bullish. The day started with an

[23:29] expansion; it looked like a small stop there with the candlesticks, and then it created a new high, only to create another one. But it's not that the expansion was wrong or the timeframes were wrong; it's simply that, as I indicated

[23:44] think are logical in real time, but in the end, they aren't so logical. So the big question would be answered with another big question: I go to the chart at 8 o'clock, and at 8 o'clock I ask myself, is there a higher

[23:57] probability of buying or a higher probability of selling? I start my confirmations to buy. That would be a super simple trick, a super simple way of looking at it. And if I can convince myself that a buy

[24:12] is more feasible, I go to a lower timeframe to confirm that n't convince myself that a buy isn't as feasible, I go to what options I have for the opposite side, and if neither is feasible. Of the two

[24:27] scenarios, I either have a chosen direction or I don't know exactly what to do and I stay out. But that's where the difficult part comes in: staying out. Because our brain always finds an alternative, or

[24:41] when we don't find that entry point, we think that if we see the entry and don't take it, we've lost, or if we don't see something, we're wasting time. In trading, there's no productivity; it's not like normal life where if you're not

[24:56] productive. No, here there's no productivity. Here, the one who patient before the scenario arrives is more productive and makes more profit. So, in summary, trick number one: I arrive at the market, I ask myself the basic questions: I

[25:12] mark the current days and those of the previous days. And if I don't find anything with that from the previous days, I use the previous days on the 15-minute and 5-minute timeframes. That can give me a direction for my day. I challenge you to put this into practice

[25:24] this week, because the last few days haven't been the best for me, but the days that have been good for me have used my direction between 5 and 15 minutes. Let's continue looking at this, okay? We've already understood the first

[25:39] looking at this, okay? We've already understood the first part of what we should do, the part of what we should do It's basically more action, but now let's look at the second part, which is what we must accept once we know what we

[25:53] should do. It's not simply about doing it; it's about I've taken the liberty of listing five specific scenarios that, if you can accept them when you can't find a specific thing to do, will make you

[26:09] feel better. That's why I've always said that trading isn't so much about being able to analyze, but also about being able to control myself when there are scenarios I can't analyze. That's a

[26:23] control myself when there are scenarios I can't analyze. That's why we can't have a fixed income from trading; that's why there isn't a specific percentage we can earn each month. That's why I

[26:38] never set goals like, "I want to earn $500 a month." And that's why, outside of us— most of us here are independent individuals— banks see us as a joke, or many public institutions see us as

[26:54] joke, or many public institutions see us as we as traders make are irrational compared to professionals in the market. Therefore, the difficult part won't be learning the

[27:07] hard part. It's going to be impossible for us to always know the direction. I don't have it, and I'm going to show you my win rate from the and I'm going to show you my win rate from the

[27:22] here on my Facebook page. You'll see that I really do fail a lot, see that I really do fail a lot, but in the end, the failure isn't the main point, nor is the number of times I'm right, but rather the number of

[27:35] times I control myself when I fail, the number of times I don't try to get revenge when I understand I've taken the wrong position. There's no trick to getting a positive percentage, there's no trick to being profitable.

[27:48] Returns are simply about obtaining a positive percentage. Obviously, our expectations regarding profitability are about money. No, it's not so much about percentages, and that's incorrect, but there's no trick. Knowing the direction doesn't guarantee profit. You can

[28:01] direction doesn't guarantee profit. You can be accurate in predicting the direction, and I know many of you have experienced this scenario: you know where the price is going, you take an entry, the price takes you out, and then it goes in the direction you thought it might

[28:14] go. In the end, you had a good direction but a bad entry. Therefore, the direction itself... Right now, we're focusing more on the direction than the entry, but the direction doesn't determine your success. It doesn't

[28:27] determine if you're really going to... Making a profit is why it's not a very important part. Five out of ten times you'll have a bad trade direction, and I tell myself this because, personally, five out of ten times I

[28:41] have a direction that isn't quite right. I right. I 'm literally not the best with direction. But I understand that with the little things I implement in my trading and with that

[28:55] little game of timeframes and institutional theories, I can get a positive percentage. And that's all that matters. It's not how right I am, but how my account looks at the end of certain periods of time. If your current

[29:08] emotional state is defined by the next trade, then you're in a terrible state. If the way you feel is defined by the result of your trade, it means that your mindset and your emotions are in touch with the trade.

[29:24] Therefore, it indicates that there is no difference between trading and the trader. And when trading, the trader, and trading and the trader become one and the same entity, the result of the trading affects the trader. When you start thinking

[29:37] with a profitable mindset, the trader is a completely different entity from the trading. Your trading may be bad, but if the trader remains intact, you can To continue and achieve a positive percentage at the end of the month, which is the whole goal,

[29:52] and then to see what we must accept, which would be the second thing, the first is what we do, second, what we must accept, which is this statement, you can take a picture of it, I can send it to you via Telegram if you want. And lastly, it would be what we

[30:06] Telegram if you want. And lastly, it would be what we must understand, look at this, must understand, look at this, the result is the sum of everything, not of a single trade, it's in my million account. Starting on January 3rd, we see on

[30:19] January 3rd, my first trade was negative, it was like I had a negative -1%, the like I had a negative -1%, the next few days until March 6th, and it was on but I closed it near the breakout because I did n't like it that much, until March 6th, it has

[30:35] n't like it that much, until March 6th, it has been like a progressive scale, the first month was better for me, the second month I made about 3 or 4%, and currently this month of March has a -1%, I don't have any positive percentage, my drug a

[30:49] total of 2%, so what I want is for you to see that the total result, in this case of this graph, was the sum of my first two months, it wasn't the first one as such. operation and the second, neither the first nor the second week are

[31:04] in this case there are approximately nine weeks of trading that can give me an indication of how I'm doing exactly in that case it has a 16% of pro would be 160,000 look at this This is an important part number 2 This

[31:21] is what I must understand that also reactions to the loss have a high probability of giving rise to a positive final result let's read it again that also reactions to the loss have a high probability of giving

[31:36] rise to a positive result look at my and the biggest drop I've had on June 4th I had close to 1% on June 9th a little more than 1% on

[31:50] June 18th of this I think was break even this day it was close to 1 close to 1% And these days in March that I have already risked a little more because I have 16% of the account it went up to 1.5 I have 1.5 of drug 1.5 of drug it's going to be interesting for

[32:05] me if I manage to respect these rules and the percentage of risk that I set for myself it's going to able to have a positive percentage at the end of certain periods of time is if, with the profit I have, I go crazy and risk more than allowed,

[32:21] or more than I can afford, or more than I'd feel comfortable losing, then my profits will disappear, and that wouldn't be the right way to act. So, the way you react to a loss,

[32:34] will determine the result you have when the profits come. And to when the profits come. And to show you the imperfect side, number 3 says you don't have to win them all to see a result. Anxiety comes from the

[32:49] struggle to control what's out of our control. You see, today I told you I closed a little bit at break-even; I had a negative 0.03. A

[33:01] little bit was due to commissions, but the important thing here is this: my taken is 53. I'm wrong 5 out of 10 times, so

[33:14] the statement indicates I don't have to win them all. The important thing is how I control myself when I do n't win in order to... Maintaining the

[33:26] wins is where the interesting part comes in. As always, you can learn a strategy in three weeks, but you can't easily learn how to control your emotions during the week. That

[33:38] whole process of continuous improvement and personal growth takes a year. But my Wind trade is successful 5 out of 10 times, which indicates that there are literally thousands of

[33:50] 're looking for here isn't who is better, but who can maintain a positive percentage, therefore, who can achieve a certain level of profitability. It's not about how many pips they take or how many trades they make, or anything like that.

[34:05] The point is, a 50% win rate isn't perfect, but if I maintain a positive percentage—in this case, 16% for the last nine weeks—it's possible that

[34:17] this percentage might go down. I don't know how this month will go because I can't project how it will go month after month. That's why

[34:29] who raise capital from others because they aren't truly profitable. They think that because they had a good month, they want to maximize those profits, they take capital, invest it, end up losing it, and in the end, they don't... They measure their

[34:44] results over a period of time, but if you have one positive month, two positive months, and you're already considered profitable, then profitability isn't just about one month, profitability isn't just about one month, two weeks, or six weeks. It's

[34:56] losses so that your gains are even greater. So, understanding this part, we've already seen what we must understand, what we must accept, and what we must do. We can combine these

[35:10] three things along with what we'll see tomorrow, which will be the part about entries, and we can conclude today that with simple rules, a correct way of thinking, and good use of timeframes, you can

[35:23] be a monster at identifying the direction. Notice that 50% of this class will teach you what you have to do on the chart, but the other 50% will teach you how you can control yourself in the face of those chart scenarios. And

[35:36] I think that's the most important part because when you're alone day after day in the market, just you analyzing, I 'm not there to give you advice or to tell you not to open this trade or that one. You're alone; it's a battle of you

[35:49] against your emotions and your The urge to open a trade, to move your hands, go to MetaTrader, and risk more than you should—I assure you that most people who blow up an account in just a few days do so

[36:04] to open another trade in the face of scenarios they didn't calculate themselves. Therefore, I've maintained this statement since July 26th. On July 27th, I gave this lesson on YouTube from the Baez manual. If you still have

[36:18] questions about the basics of the Baez manual, you can go directly to YouTube, where the video of the first chapter is. You'll basically understand everything I said here. If you did n't understand something,

[36:32] the only thing I added to this same statement was a correct way of thinking. I simple rules, a correct way of thinking, and good use of timeframes, you can be a master at identifying the direction.

[36:44] Moving on from that point, friends, we already know what to do. Now it's time to do it. Basically, tomorrow you'll have to do it: analyze the decision you're going to make, and repeat the video if you have to. And I can

[36:59] also send you the PDF through the Telegram group so you don't have to keep taking pictures. I'll send it so you can review it. So, review it. So, friends, tomorrow I'm going to announce the winners

[37:11] of tomorrow's kei from the previous video. I'm also going to do the same in this video. I'm going to choose three random comments from this video, and they'll win a 25,000 challenge. So I'm going to do it tomorrow, or maybe I'll do it

[37:24] at the end of the three video series so I'm not doing so many keiways. But you know that one of the comments will say, " Thank you all for coming to this class." See you tomorrow on day 2, and it's time to keep improving our

[37:39] management of the manual price of the fencing bootcam. Day 1 is finished. See you bootcam. Day 1 is finished. See you tomorrow on day 2.

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