All language subtitles for pm_090616_2 EN

Good afternoon folks.

How are you?

It's probably very late evening
for you folks across the pond.

Okay.

I just want to, uh, do a real
quick recap on today and then give

you some ideas about what we may
expect to see going into modern.

All right.

So, uh, we are recording, so that's good.

Now, um, today we had a.

Directional change from what I had
outlined going into London, I was looking

for some bullishness in the dollar, but
it didn't have any interest in taking any

action during last night's London session.

And we woke up this morning.

So obviously, uh, the dollar
had broke down a little bit.

And what I want to show you here.

Okay.

While we were looking for a
potential around liquidity here.

Uh, obviously we had the market change
gears go to different direction.

That's fine against not being about right.

It's about being profitable and
we didn't have any positions or

any, any outline for trading.

Last night, we were just watching
to see if there was going to be any,

uh, con confirmation from the ideas
about a stronger dollar and weak.

Fiber, uh, overnight, it didn't happen.

Uh, we lost all of this entire range
here and we turned it back down

into this water block rate there.

Okay.

And not only am I concerned about this
one, but I'm looking at this one as well.

Okay.

So here's a parent Bush
order block right here.

And.

The way it looks, it looks as
if it wants to clear out the

liquidity below these lows.

Okay.

And it also will make more sense when
we look at the, uh, cable, um, because I

think the, the upside, um, void that we've
mentioned that a couple of weeks ago,

uh, may in fact be targeted this week.

So we have a big range on the day.

To a large range day on the
downside, closing in all this range.

Now it's going to be interesting to see
if we get any support here and start to

come up here and close on that range.

I'd rather it not do that.

I'd like to be able to see a small little
retracement up very modestly 20, less

than 30 pips, ideally, uh, in London.

And then make a run for
these lows in here, man.

If we get that cable will be on fire
for tomorrow, um, cause they would

most likely look for, uh, at 150 to 170
PIP upside, a big range up close day.

But we'll talk about that
when you get the cable.

Um, so we do have a
liquidity resting below.

Okay.

These lows in here.

On the daily chart and below these
lows, we have the main threshold

of this order block right here.

So we may be needing to come back
down into this older block, sending

us around 93, 80 to 93, 80 about a
hundred pips or so, uh, as a downside

objective, um, just leave her here.

Uh, so we'd have a little bit of
a downside range of still like.

And let's go over to what transpired
in your, uh, real quick today.

I did a brief recap.

Um, today Beth felt rushed through it
because my wife was, uh, giving me the OT.

Why?

So what we have is the, uh, the
fiber, uh, we had a really, really

beneficial, uh, Session today.

Um, I did a lot of typing and
texting, uh, through Twitter.

I probably blew your phones all up.

Um, if you're all enabled with
Twitter, you obviously had a

million tweets from me today.

And your boss, your boss probably
was wondering why you're spending

so much time on your phone.

The, I apologize.

I lost track of what
medium I was using today.

So I got a little.

And ambitious in my, uh, tweets.

So I'm going to do very, uh, well
not to do that again in the future.

So I will do right on properly,
but not so much on Twitter, but we

had this, uh, down candle outlined.

Okay.

And it's a downcast.

I'll wait for the boom.

Move up.

So this is a bullish order block and we
noted it's, um, formation in Twitter.

And I highlighted at a time when we hit.

Intraday that we could take this as a demo
account exercise to go long aiming for

the liquidity about here and ultimately
for the bears shorter block here.

And

it was very much more explosive
than I expected to see for today

coming off the heels of a holiday.

And I mentioned this earlier
in the session, is that right?

But the, uh, and also real quick, I made
an error setting up the go-to webinar.

When I sent the invitation link out.

I forgot to check the time.

And I got a couple of people
asking me where the heck are you?

You're supposed to be in a session.

And I'm like, I already had that.

And I just realized what I did wrong.

I didn't adjust the time.

Uh, I thought it was automatically
defaulting to my Eastern east

coast time on New York time,
north American continent.

Uh, but it wasn't, it was something else.

So that messed up a lot of folks.

And I apologize for that, but the
recording for the earlier session

is on the forum and I've got a
direct message from someone stating

that they can't download it.

Uh, that is on your end, sir.

It's other people, ah, download.

I actually downloaded it
before I came on here.

So I know it's.

That's it.

Let's try it again or refresh your, uh,
your browser and you may get it that way.

But we had a bullish block in here.

Uh, I gave you indications to the test,
this one here, and we looked for upside

objectives and we noted the liquidity
pools where stuff will be resting above

these highs, the bear shorter block.

And it ultimately went right on
through and cleared out this high.

Now to me, With the indications
that we just mentioned on the dollar

index relative to its daily chart.

If we do in fact, get that breakdown
going into tomorrow and we aim for

this liquidity that gives the Euro
still further upside objective as well.

Now, what levels should we be
monitoring going into London?

Uh, if it's good, it will not
want to come back in here and

close in this range right away.

Okay.

If it wants to, uh, rollover below
this low here, the probabilities fall

off and probably want to come down
here and close some of that range and

maybe retest these highs over here.

That's not what we want to see.

We don't want to see that.

So if we do, if we do see the
Euro trade below this low, okay.

And London, if it goes below this low,
it's going to want to come all the

way back down and find some support.

Which is what we do not want to see.

We don't even want to
trade that in London.

We'll wait for New York session
to give us a, uh, another setup.

Okay.

Um, I'm hoping that we'll get
the London set up so that way you

guys can actually watch me trade.

Well, then open that's a rarity
only a few times in history.

Have I ever shared it with anybody?

And it was back on baby pips, but
the, uh, the level we're watching

for is this order block rate.

So we're going to look
at this down candle.

Okay.

So we're looking at this
down candle in here.

Uh, the open is the high 1, 12 35.

So we're looking for 1 12 35 to 1
12 40, um, as a downside objective.

So we're gonna add five pips
to any order block as a, by

just got a fact that I didn't.

And guys, when you see price come down
here and I don't want to see it yet.

I want to see it maintain this little
small dealing range where price stays

in a small little consolidation,
goes up and down, up and down.

That's a dealing range.

Wouldn't it creates a high
short-term high short term while

it stays in a defined range it's
dealing in between these ranges.

So we don't want to see price
come down below this low yet.

We want to see it maintain this.

Okay.

And there's a drift sideways.

That's what I want to see.

And then.

If it can do that all the
way up to around 12:31 AM.

Okay.

Which may be asking a lot for the fiber.

It may not even wait around and just
may just keep on cruising up if it does.

We still have to wait until New York.

Okay.

So the ideal high probability
scenario for London for Euro dollar

is we're waiting for it to stay
in consolidation and we're waiting

for it to drop down after a minute.

And hit this order block here.

We want to see a trade down to this level
of 1, 12 35 and 1 12 40 after 12:30 AM.

New York time.

Okay.

That's the level we're looking
for if we lose this low.

Okay.

It'll probably want to close
in this much of the range all

the way down to the big figure.

A 1 12 0 5.

Okay.

And then if it, if it does, that's
going into Frankfurt or early, uh, even

through Asia, it could do this, um,
View that as low probability for London.

And I would just simply sit on my hands
and wait, and you'll get a tweet from

me around one o'clock in the morning.

I'll get up and check
and see what's going on.

Um, if there's something I'm going
to participate in for London,

it will be a live session length
to get you into the charts.

If it's something that I'm going to be
monitoring for in New York session, you'll

get all the information through a tweet.

So everything will be
tweeted to you at 1:00 AM.

Again, now we're on a.

Mentorship scheduling.

So London sessions, either going to be
a wash either by notice and letting me

know what's going on through a tweak or
it'll be a live session link at 1:00 AM.

Okay.

And then 7:00 AM for New York sessions.

And I think that's about it as we
get, uh, you know, we get down into

here, we're going to be looking for,

but run back up into.

Uh, one 13 big figure and
potentially around, up into,

and this is for the
week, a 1 13 65, 1 13 70.

Uh, if we get the conditions that
I'm outlining here, if we lose

this low and come back down here,
we have to reevaluate things.

It'll just have to be looked at then.

Okay.

And I'll just leave it for that for now.

So cable cable had a nice run up today.

Um, the indications were that
we were probably gonna run out.

And challenged as high and sweep it.

And I was going to watch and see if
there's going to be a reason to get short.

Um, obviously it was no reason to get
shortly ran right on through that.

Um, but that's fine.

Cause we had switched gears
for bears dollar going into

a New York session anyway.

So it kind of negated the whole thing,
but I did still want to see if there

was something, uh, to this house.

In terms of price action.

Did it want to blow through it?

Rejected connect.

Give me a beer.

So we were blackhead had done that.

I was aiming for a rundown below
these loads here, but it didn't do it.

So there's nothing really to talk about.

What's the missed opportunity.

And, um, I talked about the
order blocks in here as well.

What we used the frame, the discussion for
this afternoon post, uh, New York session.

They were a block here
was recapitalized here.

And another expansion in here.

This was the moment.

That, uh, we were talking about
live in Twitter and I was looking

for a move back into this order
block, or potentially is, uh, highs.

This one here or low.

Is this one coming back down into it?

I could come down to that.

I was going to give another BI, uh,
uh, exercise for, uh, your demo and

it didn't, they didn't get there and
it didn't give me an opportunity.

If that would have been a live trading
scenario, like I said earlier, this

would have been a missed opportunity.

I would have missed this.

So, uh, we have two day
format on our charts.

You can see that.

That is what we see here.

Um, the day it's opening here, it makes
a small down move rallies up, makes the

high comes off the high closest down.

So the true daily range is noted
between these two vertical lines.

The beginning of the book, which is
New York and midnight, and the rate,

which is three o'clock in the afternoon.

I'm sorry, it's three o'clock
in the afternoon, New York.

Um, the blue line on this chart
here is midnight in New York and

obviously the Kilz ends here and
o'clock in the afternoon, New York,

we made a slightly higher high
here and we closed off the high.

So we had a really nice, nice,
um, open right up into a close for

the day and we're consolidating.

So we want to be watching for that.

Uh, move on.

We're going to have to go down until
five minutes sharp for this one.

And I'll tell you the reason why a second,
why it's gotta be a five minute chart.

If we go over here, we
have the order block here.

Okay.

So we're watching a 1 34, 15
to 1 30, 4 10 on downside.

Um, it could go as low as 34 or five.

Uh, it means threshold.

We don't want to see it
give up the 1 34 big figure.

Um, but you know, if we get some
crazy, uh, you slide down in, I'd

still be watching at 1 34 big figure.

That's a potential bounce.

I'd rather not do that.

High probabilities conditions would be to
get down to this level here or at least

stay in the upper portion of the middle.

Yeah.

Point of this down candle,
or it means threshold.

Now when we see down candles right
before these big moves, when price

comes back down to the top of that
candle, it's going to probably

provide some short term support.

That's the basis for buying a bull shorter
block, but the highest probability area of

which the expected by the form is between
the high and the middle part of the case.

In that range, not below the middle part.

You don't want to do that.

If you see that, then obviously
the probabilities fall off, but we

had a consolidation in here and the
down candle right before this move

up in here, that sets the tone for
the last leg of buying, which is

right around that 1 34 big figure.

So they're probably going
to want to defend that.

Okay.

If we drop down into that, they'll
probably want to defend that level.

And when you've already seen
here, we have equal highs.

Okay.

So.

Even if we get a run up here to
clear those levels out, that's

still a nice tradable, uh, range.

You can get something out of it.

But what I really want to take your
attention to is check this out and

we're going to close this video
and it will be two separate time.

So, uh, let's get this off
here and let's go to default.

Okay.

If you look closely, we had
talked about this range.

For several weeks.

Now we have this, a little bit of a void
in here very quick, uh, Brexit, uh, WIC.

And I want you to focus on this range
here, because I think looking at what

we see now after today's trading, we
may be really in line to come up here

even this week, because everyone's going
to be dog piling on this, uh, feeling.

This liquidity void, very
little trading up in here.

So there's a lot of interest around that.

1 36, 70 through 1 30, 4 80.

So 1 74 80, the 1 36 70 in that range,
there's all kinds of fair value.

Okay.

And we'll talk more about fair value
and what that is, but for now, just know

that there's going to be a willingness
to want to see price be offered at these.

Okay.

And notice how very nicely it's
coming just right through the bottom

of that and stopping, what is it
stopping at at the Biser candle?

Not the Wix.

Okay.

We've already went into
that range here with this.

Wickier said this high,

we know that we have a real
potential to at least get up to

there because it's already traded
that much into the range and we've

left this open range it's unfilled.

So this, all this in here will
most likely be an upside objective.

So what does that look like in terms of.

Um, hang on one second.

It looks like, uh, This may be what
we're going to be reaching for.

It, I think is a realistic objective.

Um, 1 35.

Let's make that bigger as we can see it.

1 30, 5, 30 as an outside objective.

Um, and obviously if it runs
out, it's going to want to

reach into this liquidity.

Uh, 1 35 32, 1 36 75.

If we get a real nice run up
on the heels of the dollar,

making a run for that liquidity.

So between the two kinda like a
children's teeter-totter okay.

If this is going to drop down,
that's going to propel cable

up into this range in here.

Okay.

So we potentially may see another series
of one or two large range days on the ups.

Okay.

And it's going to take all this liquidity.

So once it gets in here, um, I think
that we'll probably see then, and only

then probably see some significant
interest in wanting to get short.

Um, I'm not saying it's going to go right
there and hit it and go straight to hell.

But I just think that that's
probably what it's aiming for.

And admittedly, I've already told
everyone that paid sensitive to

me since the Brexit I've been real
close to the vest with the cable.

I'm sorry, your, my leverage
has been very tight.

Uh, not been allowing myself
a lot of leverage while I've

been really trading five to one
leverage when I'm trading cable.

I just don't trust what I'm seeing
here, because this is all new

territory for me as a, as a trader.

Um, I don't know what the
ramifications are for this and

because I have a conspiracy theory
mind, um, I think there's another

black Swan with this thing.

Uh, I just don't know
how to define it yet.

I just feel it in my gut and I'm
trading very cautiously with it.

Maybe we can talk about that in a weekend
rant, but for now this is going to

have to suffice, but we will be looking
again for a further upside on cable.

Um, unless we get a complete
turnaround here on the dollar and

we started closing this range here.

Uh, I don't think that's going to
be the reversal for the week, but we

still could bounce up in here tomorrow.

We'll S which will set this sell off
for Thursday and Friday for dollar.

And then obviously all the things
you just mentioned for cable.

With them materializes,
upside objectives here.

Okay.

So, um, real quick, let me throw one more.

Look at the, uh, the
Euro on a daily chart.

And if you were asking questions, uh, no
that I cannot spend time answering them

here, but I will see them on the log.

So I'll be able to answer them.

Um, and either tweets or on the phone.

So, okay.

So we have, um, one more time while
we have this void in here it's been

filled in, um, even though we have this
WIC here, it, it should blow through

this one should go through that one.

Then we have this area here.

So we have potentially, uh, one 14.

2 1 14 51, 14, 21, 14 50.

Um, if we get some real movement
and dollar going lower, we could

open the doors to, uh, uh, 1
14, 21, 14 50 on Euro dollar.

Okay.

And then if it gets any movement to
beyond that, Up here and hit this.

We don't know one sixteens
could be in the cards again.

Um, but I don't think on 16 this
week, but we certainly could see

1 14, 21, 14 50 by Friday's close.

So the children, I'm
going to let you escape.

I'm going to go get something to eat
and then take a nap and get ready to

do this all over again at 1:00 AM.

Should the price give us reasons
to be up and watching so that we

should be luck and good trading?