All language subtitles for Intraday UsdCad Study - New York Session [Break From HTF] EN

af Afrikaans
sq Albanian
am Amharic
ar Arabic Download
hy Armenian
az Azerbaijani
eu Basque
be Belarusian
bn Bengali
bs Bosnian
bg Bulgarian
ca Catalan
ceb Cebuano
ny Chichewa
zh-CN Chinese (Simplified)
zh-TW Chinese (Traditional)
co Corsican
hr Croatian
cs Czech
da Danish
nl Dutch
en English
eo Esperanto
et Estonian
tl Filipino
fi Finnish
fr French
fy Frisian
gl Galician
ka Georgian
de German
el Greek
gu Gujarati
ht Haitian Creole
ha Hausa
haw Hawaiian
iw Hebrew
hi Hindi
hmn Hmong
hu Hungarian
is Icelandic
ig Igbo
id Indonesian
ga Irish
it Italian
ja Japanese
jw Javanese
kn Kannada
kk Kazakh
km Khmer
ko Korean
ku Kurdish (Kurmanji)
ky Kyrgyz
lo Lao
la Latin
lv Latvian
lt Lithuanian
lb Luxembourgish
mk Macedonian
mg Malagasy
ms Malay
ml Malayalam
mt Maltese
mi Maori
mr Marathi
mn Mongolian
my Myanmar (Burmese)
ne Nepali
no Norwegian
ps Pashto
fa Persian
pl Polish
pt Portuguese
pa Punjabi
ro Romanian
ru Russian
sm Samoan
gd Scots Gaelic
sr Serbian
st Sesotho
sn Shona
sd Sindhi
si Sinhala
sk Slovak
sl Slovenian
so Somali
es Spanish
su Sundanese
sw Swahili
sv Swedish
tg Tajik
ta Tamil
te Telugu
th Thai
tr Turkish
uk Ukrainian
ur Urdu
uz Uzbek
vi Vietnamese
cy Welsh
xh Xhosa
yi Yiddish
yo Yoruba
zu Zulu
or Odia (Oriya)
rw Kinyarwanda
tk Turkmen
tt Tatar
ug Uyghur
Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 00:00:00,360 --> 00:00:01,140 Welcome back. 2 00:00:02,040 --> 00:00:05,160 We're going to break curriculum a little bit here today. 3 00:00:05,160 --> 00:00:09,360 Cause a number of you are grown quite antsy. 4 00:00:11,100 --> 00:00:14,760 I think you're going through withdrawal for a lower timeframe stuff. 5 00:00:14,760 --> 00:00:19,110 So I'm tossing this in here to just to jolt your attention. 6 00:00:19,140 --> 00:00:22,290 Cause, and then a lot of you aren't going to be trading. 7 00:00:22,320 --> 00:00:27,720 Long-term certainly take a look at some things this morning we have eight 30 noon. 8 00:00:29,025 --> 00:00:33,465 Then we'll take a look at, if you haven't checked your Forex factory 9 00:00:33,465 --> 00:00:35,475 or equivalent economic calendar, 10 00:00:43,144 --> 00:00:47,405 let's take a look at the four X factory websites calendar. 11 00:00:51,915 --> 00:00:52,775 See what we see. 12 00:01:07,770 --> 00:01:13,410 Okay, you should be seeing the economic calendar for today. 13 00:01:22,590 --> 00:01:28,050 we have Canadian dollar and HPI and unemployment claims for the dollar index. 14 00:01:28,740 --> 00:01:32,460 So I'm expecting some movement for the CAD. 15 00:01:33,450 --> 00:01:36,389 Um, we have 11:35 AM. 16 00:01:37,835 --> 00:01:41,075 They speaker is going to be jawboning today as well. 17 00:01:41,525 --> 00:01:45,035 At one 10, we have FLMC member Evan speaking. 18 00:01:45,035 --> 00:01:50,465 So if we're going to see anything, it's going to happen in a flurry between 19 00:01:50,795 --> 00:01:55,235 eight 30 and I'd say 10 o'clock in the morning, and everybody will probably 20 00:01:55,235 --> 00:01:59,795 move to the sidelines from that point on and wait to see what everybody has 21 00:01:59,795 --> 00:02:04,415 to say in regards to the respect of currencies and countries, a 1:30 PM. 22 00:02:05,385 --> 00:02:08,115 British pound bank of England, governor Carney speaking as well. 23 00:02:08,115 --> 00:02:10,815 So, and it's tonight at 7:30 PM. 24 00:02:10,875 --> 00:02:14,235 Australian dollar monetary policy statement. 25 00:02:14,245 --> 00:02:18,045 So, um, I'm going to talk a little bit about Canadian dollar this morning. 26 00:02:18,375 --> 00:02:20,775 That's the one we're watching for the New York session. 27 00:02:21,375 --> 00:02:25,245 And depending upon what we do on unemployment claims basis, the dollar. 28 00:02:26,040 --> 00:02:29,190 Uh, that'll give us some indication of what we may see tonight during the 29 00:02:29,610 --> 00:02:34,560 Australia and New Zealand session, going into Asia, uh, around that seven 30 time. 30 00:02:34,560 --> 00:02:38,190 So we'll see, let's go back over to the charts. 31 00:02:44,520 --> 00:02:44,820 Okay. 32 00:02:44,820 --> 00:02:51,420 So this morning we had a little bit of a push on dollar higher, and then 33 00:02:51,420 --> 00:02:54,300 we're back to neutral state for it. 34 00:02:57,800 --> 00:03:01,430 And we have a Canadian dollar chart here. 35 00:03:14,180 --> 00:03:14,390 Okay. 36 00:03:14,390 --> 00:03:18,710 If we get an expansion on the downside could be looking 37 00:03:18,710 --> 00:03:20,630 for liquidity below this low. 38 00:03:23,620 --> 00:03:27,190 And the boxes you're seeing here are super secret sauce. 39 00:03:27,220 --> 00:03:28,120 I can't talk about that. 40 00:03:29,500 --> 00:03:31,870 Black coats in a straight jacket. 41 00:03:31,870 --> 00:03:33,220 So show up at my house about, do that. 42 00:03:34,990 --> 00:03:35,470 I'm just kidding. 43 00:03:35,470 --> 00:03:41,860 It's just that, um, a delineation from midnight to noon, New York time. 44 00:03:42,310 --> 00:03:43,270 So it's a 12 hour window. 45 00:03:44,310 --> 00:03:45,540 I'll tell you how to use all that stuff. 46 00:03:46,110 --> 00:03:48,060 Then we get into this, uh, intraday business. 47 00:03:48,060 --> 00:03:51,360 But today we're just following along with, uh, price action, looking at 48 00:03:51,570 --> 00:03:58,170 some things and want to take a look at the Aussie Aussie, I think may 49 00:03:58,170 --> 00:04:01,530 want to run to catch up with the movement that's been seen in gold. 50 00:04:03,030 --> 00:04:05,040 I like the liquidity pool up here, 51 00:04:08,850 --> 00:04:13,200 so that gives us a 7 76. 52 00:04:15,300 --> 00:04:21,840 Point seven seven zero zero level like that level from where we are right now. 53 00:04:24,490 --> 00:04:29,170 So we could see that if we get the right conditions between this morning 54 00:04:29,170 --> 00:04:31,630 at eight 30 and seven 30 tonight. 55 00:04:34,220 --> 00:04:38,780 So in a monetary policy, uh, announcement comes out this evening. 56 00:04:38,900 --> 00:04:39,770 My time seven 30. 57 00:04:40,695 --> 00:04:41,205 PM. 58 00:04:42,135 --> 00:04:44,205 That may be an area it reaches for. 59 00:04:45,284 --> 00:04:53,354 So we'll be watching that, but looking for this this morning got 60 00:04:53,354 --> 00:04:59,145 about 17 minutes, 16 minutes before unemployment claims come out. 61 00:05:02,005 --> 00:05:02,094 Right. 62 00:05:02,094 --> 00:05:03,474 It looks heavy as it is now. 63 00:05:04,585 --> 00:05:06,234 So it may just make a straight run for it. 64 00:05:06,445 --> 00:05:07,495 I'd like to see it come back. 65 00:05:10,130 --> 00:05:13,760 Trade into this level here, you may give us an opportunity 66 00:05:13,760 --> 00:05:18,650 to a paper trade in move. 67 00:05:28,030 --> 00:05:30,520 And the reason why I had the box shaded around new. 68 00:05:33,780 --> 00:05:34,169 I'm sorry. 69 00:05:34,169 --> 00:05:39,870 Uh, midnight to noon is because that's when I told the central banks to be able 70 00:05:39,870 --> 00:05:42,250 to reach me anytime before they're out. 71 00:05:42,250 --> 00:05:44,250 After that, it's just not a good time for me and my family. 72 00:05:44,250 --> 00:05:44,640 So 73 00:05:47,640 --> 00:05:49,679 I'm testing your attention this morning folks. 74 00:05:49,830 --> 00:05:50,179 Okay. 75 00:05:50,340 --> 00:05:52,500 And, uh, other than away from intraday action as well. 76 00:05:52,500 --> 00:05:54,780 So it'd be a little, uh, frisky. 77 00:05:55,500 --> 00:05:58,469 Uh, noon is usually the cutoff time for. 78 00:05:59,310 --> 00:06:03,360 And, uh, FX usually it's about to the end of the battery life 79 00:06:03,600 --> 00:06:07,230 generally, and midnight is when we start our new financial day. 80 00:06:07,230 --> 00:06:08,610 So that's the reason why it's blocked in. 81 00:06:09,030 --> 00:06:12,930 And if you look at the, uh, day by day basis, you can see the 82 00:06:12,930 --> 00:06:16,530 majority of the moves are always encapsulated by that shaded area. 83 00:06:18,135 --> 00:06:20,295 So that's the skinny on that. 84 00:06:20,295 --> 00:06:24,165 If you look at everything before it usually it's someone cumulation phase 85 00:06:24,165 --> 00:06:29,925 and everything to the right of it, or after it would be a re cumulation stage 86 00:06:29,955 --> 00:06:31,365 or where it goes into consolidation. 87 00:06:34,905 --> 00:06:39,585 Now there's a small little bit of institutional order flow 88 00:06:40,185 --> 00:06:41,325 off of this level in here. 89 00:06:41,325 --> 00:06:44,565 So you gotta be mindful of this one around that 31. 90 00:06:45,825 --> 00:06:47,594 10 to 31 big figure. 91 00:06:49,185 --> 00:06:53,805 So we'll see if we get any kind of support there that would cause us to come back up 92 00:06:54,104 --> 00:06:57,995 and get a retrade back into 31, 15 31 20. 93 00:07:00,075 --> 00:07:02,265 Don't want to take it too, too far ahead of itself. 94 00:07:02,534 --> 00:07:05,385 If it does, it's just a wash on day 30 announcement. 95 00:07:05,925 --> 00:07:09,765 We want to keep someone range open that sort of frames, that opportunity. 96 00:07:09,765 --> 00:07:12,914 If the trades all the way down or gets real close to it, it kind of makes the. 97 00:07:17,470 --> 00:07:20,290 Real quick, silver. 98 00:07:22,600 --> 00:07:24,070 I really like silver 18. 99 00:07:29,490 --> 00:07:31,200 I think it's poised. 100 00:07:31,650 --> 00:07:33,150 They run right up in that level. 101 00:07:33,150 --> 00:07:33,420 There. 102 00:07:44,070 --> 00:07:47,580 Just a few more minutes and we'll have our fireworks 103 00:07:52,940 --> 00:07:53,210 check. 104 00:08:03,520 --> 00:08:03,820 Yeah. 105 00:08:03,910 --> 00:08:08,680 A few of you, uh, have been pretty pointed in your emails to me 106 00:08:08,680 --> 00:08:10,360 regarding, uh, when we got to. 107 00:08:12,565 --> 00:08:13,735 Live analysis, intraday. 108 00:08:15,955 --> 00:08:21,535 Uh, when we get to that stage of our teachings, then it will be a lot of it. 109 00:08:21,535 --> 00:08:25,765 It's all a little bit, but we're focusing on hard timeframe, 110 00:08:25,765 --> 00:08:27,475 things that allow us to framework. 111 00:08:27,475 --> 00:08:32,905 So that way, when I'm talking about the trades intraday in short term, I won't 112 00:08:32,905 --> 00:08:35,995 have to go through a whole long-winded explanation and it won't be a million 113 00:08:35,995 --> 00:08:38,905 questions like it usually is like, if I go and click on the box over here, 114 00:08:40,140 --> 00:08:44,550 Yeah, it's just non-stop questions is the flurry of everything gone by. 115 00:08:48,180 --> 00:08:53,400 So to avoid all that and to stick to the curriculum, we try to keep our 116 00:08:53,400 --> 00:08:59,700 focus on the topic at hand, but to break, break up the monotony out, I'll 117 00:08:59,700 --> 00:09:04,380 sit with you guys today to give you a little bit of an intraday perspective. 118 00:09:09,360 --> 00:09:15,720 Now there's not really much in way of real excitement at this level. 119 00:09:17,280 --> 00:09:19,530 There is liquidity below these lows in here, though. 120 00:09:21,000 --> 00:09:22,620 We have layered short-term lows. 121 00:09:23,040 --> 00:09:28,970 Whereas we have a higher, low here, a lower, low, a lower low, and now low here. 122 00:09:28,990 --> 00:09:32,340 There's a lot of liquidity resting underneath this reference point 123 00:09:32,340 --> 00:09:36,450 here and notice it's also an old area at which price has moved away. 124 00:09:37,335 --> 00:09:38,295 And it's done it twice. 125 00:09:38,625 --> 00:09:40,725 So this has already been used up in my opinion. 126 00:09:40,995 --> 00:09:42,975 I don't think there's going to be a lot of orders here. 127 00:09:43,605 --> 00:09:46,365 There may be a draw to that level. 128 00:09:47,595 --> 00:09:48,045 Okay. 129 00:09:48,105 --> 00:09:51,855 And then we may bounce through I'm sorry, not bouncy bounce off of it. 130 00:09:52,485 --> 00:09:55,995 And it may become an area of short-term resistance up here. 131 00:09:57,105 --> 00:10:00,825 So kind of like think of it like a inversion level or mitigation block. 132 00:10:03,325 --> 00:10:06,655 If we get below this low of any significance, uh, ideally you 133 00:10:06,655 --> 00:10:09,235 don't want to see it punch right through it and keep on going. 134 00:10:09,235 --> 00:10:12,445 You want to see a trade down through it, come back up a fail at a higher 135 00:10:12,715 --> 00:10:15,895 level, and then go back down one more time through this level. 136 00:10:15,895 --> 00:10:20,695 Then we start eating into all this buy-side delivery to get rebalanced 137 00:10:20,695 --> 00:10:22,675 back down to these equal highs in here. 138 00:10:24,495 --> 00:10:25,755 So that would look like this. 139 00:10:32,895 --> 00:10:37,155 30 35, 30, 40 in that area. 140 00:10:41,955 --> 00:10:43,485 Let's take on this candle here. 141 00:10:45,345 --> 00:10:46,605 You're 30, 40. 142 00:10:46,605 --> 00:10:47,085 I like 143 00:10:52,705 --> 00:10:55,405 So we'll see you in a few minutes, what we get in terms 144 00:10:55,405 --> 00:10:58,075 of the unemployment numbers and. 145 00:12:23,055 --> 00:12:23,354 Okay. 146 00:12:23,354 --> 00:12:26,265 Take a look at British pound or cable. 147 00:12:35,954 --> 00:12:36,194 All right. 148 00:12:36,194 --> 00:12:43,665 So on the British pound, we have a really, really, really 149 00:12:44,145 --> 00:12:46,275 nice liquidity void in here. 150 00:12:47,830 --> 00:12:51,400 Now, inside this void, just to the left of it, we have a breaker 151 00:12:52,960 --> 00:12:56,020 chatting, mindful that when you see something, something like this, 152 00:13:03,120 --> 00:13:03,990 there's your breaker. 153 00:13:05,760 --> 00:13:09,110 And we have price trade down here, here. 154 00:13:10,110 --> 00:13:10,710 Here. 155 00:13:11,730 --> 00:13:15,960 So from this low up to the close buy-side deliveries offer, but 156 00:13:16,170 --> 00:13:17,310 watch what happens over here. 157 00:13:17,910 --> 00:13:20,040 It's all leaving here. 158 00:13:20,070 --> 00:13:23,190 So even though we had some balancing outlet in this little 159 00:13:24,210 --> 00:13:27,690 WIC, we had the last up candle, which is the bare shorter block. 160 00:13:28,890 --> 00:13:31,770 So when price left this low from that low. 161 00:13:32,625 --> 00:13:34,275 Of the candle or green candle. 162 00:13:34,875 --> 00:13:37,785 That moment there that's what starts to sell side delivery only. 163 00:13:37,785 --> 00:13:40,005 So that's at the moment right there. 164 00:13:40,815 --> 00:13:41,505 You make this, 165 00:13:47,835 --> 00:13:48,945 this right here. 166 00:13:51,495 --> 00:13:55,905 It's a fair value gap from this low down. 167 00:13:58,335 --> 00:14:00,525 Then we got another exposed area from this. 168 00:14:02,375 --> 00:14:06,195 Starting to hear frame it. 169 00:14:14,505 --> 00:14:16,005 It had to go and move off that line. 170 00:14:16,005 --> 00:14:17,025 Like I hate when it does that. 171 00:14:17,595 --> 00:14:18,495 It very frustrating. 172 00:14:20,475 --> 00:14:22,395 So we'd left this low here. 173 00:14:23,385 --> 00:14:25,515 So from this point here, Dan. 174 00:14:29,490 --> 00:14:31,530 To our present short-term high here. 175 00:14:32,610 --> 00:14:35,760 We have a fair value gap here, or liquidity voids, a little 176 00:14:35,760 --> 00:14:36,720 bit more of a void in here. 177 00:14:36,720 --> 00:14:39,330 It's a larger range, same thing here. 178 00:14:40,710 --> 00:14:43,020 So there, those are two upside areas at what price should 179 00:14:43,020 --> 00:14:45,240 reach up into the close in. 180 00:14:48,230 --> 00:14:49,340 So it looks like this 181 00:14:52,790 --> 00:14:53,570 there's our level and the. 182 00:14:57,000 --> 00:14:58,710 And our next level would be here. 183 00:15:00,700 --> 00:15:00,940 Okay. 184 00:15:00,940 --> 00:15:02,680 So that's how you get the level. 185 00:15:02,680 --> 00:15:05,800 Sometimes you see me having a, my chart in the form of horizontal lines. 186 00:15:05,830 --> 00:15:11,470 Why they're there now, we're looking for the upside on pound dollar to 187 00:15:11,470 --> 00:15:14,140 reach up and trade into that area. 188 00:15:14,140 --> 00:15:14,710 Fill that in. 189 00:15:15,100 --> 00:15:17,260 But initially in short term, it would have to get to this one 190 00:15:17,260 --> 00:15:19,120 first and then close it in here. 191 00:15:20,590 --> 00:15:21,640 Very, very nice little. 192 00:15:23,319 --> 00:15:24,760 Pocket of cell side delivery only. 193 00:15:24,760 --> 00:15:27,280 So we'll be looking for price to try to reach up into that. 194 00:15:27,800 --> 00:15:32,470 Doesn't have to happen today and could potentially be something that 195 00:15:32,470 --> 00:15:36,010 ends up seeing a fruition by Friday. 196 00:15:36,700 --> 00:15:39,069 But if it doesn't do that, we'll be watching that going into next week. 197 00:15:39,069 --> 00:15:42,310 So this is a really good level to be watching if you are a day trader and 198 00:15:42,310 --> 00:15:45,189 you're not really following along and studying the hard timeframes 199 00:15:45,189 --> 00:15:46,000 like we're supposed to be doing 200 00:15:49,640 --> 00:15:51,110 okay, dollar cat, let's keep her focused. 201 00:16:21,699 --> 00:16:27,120 Got about five minutes for economic calendar news events are released. 202 00:16:29,370 --> 00:16:31,680 Now we're below short-term low introducing on CAD. 203 00:16:33,300 --> 00:16:38,310 And what you don't want to see is you don't want to see a lot of give back below 204 00:16:38,310 --> 00:16:40,199 this low here there's been cell stops. 205 00:16:40,230 --> 00:16:41,790 We're already absorbing that. 206 00:16:44,189 --> 00:16:46,319 So you don't want to see it trade back up much. 207 00:16:46,680 --> 00:16:50,910 When the reports come out, you want to sync them up a little bit, have some 208 00:16:50,910 --> 00:16:55,829 difficulty there, and then immediately find some kind of a brick wall type effect 209 00:16:55,920 --> 00:16:57,810 right around this, this level right here. 210 00:16:58,620 --> 00:17:01,860 And what I'm highlighting is the last down candle right before the move in here. 211 00:17:02,670 --> 00:17:03,810 So they should be mitigating. 212 00:17:03,810 --> 00:17:09,490 Any of those buys that they used that saw a movement hiring. 213 00:17:11,944 --> 00:17:14,315 They should be able to pull them off or mitigate that. 214 00:17:14,675 --> 00:17:18,484 And that would promote freedom for the market to trade lower. 215 00:17:19,175 --> 00:17:29,215 And that would in effect, allow cable to rally Australian dollar rally 216 00:17:33,205 --> 00:17:33,805 and. 217 00:17:39,415 --> 00:17:44,065 I don't really care too much for hero heroes in a moderate now. 218 00:18:25,530 --> 00:18:26,820 It should be a little bit easier to see now. 219 00:18:33,210 --> 00:18:40,830 Very nice introduction for dollar cat avoidant here came back 220 00:18:40,830 --> 00:18:46,159 up, close in that range, lower 221 00:18:49,970 --> 00:18:51,350 last up candle during lunch. 222 00:18:52,929 --> 00:18:54,250 Came on, trade it back into that. 223 00:18:54,590 --> 00:18:55,750 Rejected it nicely. 224 00:18:57,220 --> 00:19:00,100 We are we're in the heart of New York now. 225 00:19:00,129 --> 00:19:04,060 So we're two minutes away from economic calendar. 226 00:19:04,060 --> 00:19:06,250 Again, I'd like to see, this is what I'd like to see. 227 00:19:06,580 --> 00:19:11,470 I'd like to see a trade up and hit this level here on the news, but 228 00:19:11,679 --> 00:19:13,929 then like really stop right there. 229 00:19:14,290 --> 00:19:18,409 I don't want to see it expand lower before the news presents. 230 00:19:18,409 --> 00:19:20,110 It's going to be indicating it wants to reach for. 231 00:19:21,345 --> 00:19:24,585 Liquidity and then pair that up and then run the other way or up, which 232 00:19:24,585 --> 00:19:26,235 is doesn't make sense for me in here. 233 00:19:56,060 --> 00:20:00,770 Just over a minute and then release the news comes out 234 00:20:04,880 --> 00:20:05,150 quick. 235 00:20:05,150 --> 00:20:06,530 Look at the dollar index. 236 00:20:18,250 --> 00:20:19,149 Dollar stuck. 237 00:20:22,540 --> 00:20:27,280 We have bicep up here to sell SaaS below here and we're right in the middle. 238 00:20:28,570 --> 00:20:29,919 No real clear indication. 239 00:20:29,919 --> 00:20:31,719 What it wants to reach for intraday. 240 00:20:42,780 --> 00:20:43,500 Less than a minute. 241 00:21:19,469 --> 00:21:20,939 Okay, eight 30. 242 00:21:21,000 --> 00:21:24,060 We should see some volatility in here now. 243 00:21:57,395 --> 00:21:58,475 No significant movement. 244 00:21:58,504 --> 00:21:58,804 Yeah. 245 00:21:58,865 --> 00:22:04,334 From the dollar index cable still flat. 246 00:22:05,145 --> 00:22:05,324 All. 247 00:22:05,324 --> 00:22:05,865 Geez. 248 00:22:06,284 --> 00:22:07,125 Give back a little bit. 249 00:22:07,125 --> 00:22:08,084 We're watching this level. 250 00:22:08,084 --> 00:22:11,655 Here are $1 cat 31 20, or thereabouts. 251 00:22:38,245 --> 00:22:39,025 Here's your level. 252 00:22:49,160 --> 00:22:54,230 I want to see if there's any willingness to see it go lower from there. 253 00:22:54,290 --> 00:22:56,150 Does it reject that level to the whole? 254 00:22:56,150 --> 00:22:57,980 There is a drive through a little bit deeper. 255 00:22:58,220 --> 00:23:01,370 We want to see it react aggressively away from it. 256 00:23:03,200 --> 00:23:06,860 That would indicate that they're mitigating any longs they had in here and 257 00:23:06,860 --> 00:23:08,780 price would make a rotation, lower going. 258 00:23:09,899 --> 00:23:15,720 Potentially the 30, 77 or 1 30, 80 institutional level. 259 00:24:28,100 --> 00:24:29,480 See the reaction on that level. 260 00:24:49,680 --> 00:24:49,950 Too. 261 00:24:49,950 --> 00:24:55,440 You have to watch this short term low on here below at get 262 00:24:55,440 --> 00:24:59,950 to show up 31 0 5 of the trades. 263 00:24:59,950 --> 00:25:04,180 The 31 big figure can, it should expand down below in the algorithm 264 00:25:04,180 --> 00:25:09,580 should seek liquidity below in the realm of 1 30, 91 38. 265 00:25:12,260 --> 00:25:16,490 Anything above this level and here now the trades back above it, it's going to 266 00:25:16,490 --> 00:25:18,169 want to run the stops intraday up here. 267 00:25:31,960 --> 00:25:34,450 The dollar index is simply can't move out of where it's at. 268 00:25:45,250 --> 00:25:49,150 The people on the sidelines today, some big talkers today. 269 00:26:03,439 --> 00:26:07,280 It feels odd looking at these lower timeframe charts. 270 00:26:08,990 --> 00:26:14,750 I mean, I'm used to looking at the, uh, the daily chart now after so many weeks. 271 00:26:26,585 --> 00:26:29,285 Last and see if this candle here, what's a flip and go bears. 272 00:26:29,285 --> 00:26:32,255 That will be nice because we want to see its willingness to get below. 273 00:26:32,255 --> 00:26:34,145 This is low. 274 00:26:35,105 --> 00:26:38,765 If it does, we want to see expansion lower. 275 00:26:38,825 --> 00:26:39,965 That's what we'd be looking for. 276 00:26:39,965 --> 00:26:44,375 We don't want to see at this tip its head below that low. 277 00:26:44,375 --> 00:26:46,955 We want to see it run and start to expand. 278 00:26:46,955 --> 00:26:47,045 Okay. 279 00:26:53,625 --> 00:26:57,735 There's nothing wrong about intraday charting or lower timeframes. 280 00:26:58,215 --> 00:26:59,385 He's got to keep it imbalanced. 281 00:26:59,385 --> 00:27:08,195 Don't uh, I think if you look at, what's been shown thus far in 2017, uh, you 282 00:27:08,195 --> 00:27:11,555 can see clearly there's an advantage of knowing what the hard timeframes are. 283 00:27:12,690 --> 00:27:16,379 And then how many times really do you get a high probability entry 284 00:27:16,740 --> 00:27:18,419 or set up on a lower timeframe? 285 00:27:19,470 --> 00:27:21,659 It's not as many as you probably thought. 286 00:27:22,590 --> 00:27:25,590 And that was the, that was the goal to get you thinking like, Hey look, 287 00:27:26,010 --> 00:27:27,629 the answer is not in the entire day. 288 00:27:28,440 --> 00:27:31,230 The answer is in the higher timeframe and then use the lower 289 00:27:31,230 --> 00:27:32,730 timeframes to get yourself. 290 00:27:33,930 --> 00:27:37,560 With a low risk, high probability entry, but there's a framework that 291 00:27:37,560 --> 00:27:39,000 goes along with all those ideas. 292 00:27:39,000 --> 00:27:41,580 Not just, just because you're on a lower timeframe, therefore 293 00:27:41,580 --> 00:27:42,600 it's going to be a lot of trades. 294 00:27:42,930 --> 00:27:44,430 Well, there's a lot of trades doesn't mean they're going 295 00:27:44,430 --> 00:27:45,990 to be a lot of profitability. 296 00:27:56,190 --> 00:28:01,200 Um, I'm not, I wouldn't, I would not be trading today. 297 00:28:02,370 --> 00:28:06,660 And like I said, I preface it by, uh, before I started this session today. 298 00:28:06,660 --> 00:28:11,760 And I kind of mentioned it last night in the recap video that, uh, there's 299 00:28:11,790 --> 00:28:15,270 a few of you that are just really, really being impatient right now. 300 00:28:15,660 --> 00:28:19,770 And I'm going to be bold and to say it like it is, um, I know what you want. 301 00:28:19,800 --> 00:28:23,490 You want me sitting here telling you what to do intraday or giving trades, 302 00:28:24,330 --> 00:28:26,220 but I'm showing you how the trades. 303 00:28:27,300 --> 00:28:29,820 And to get to that point, we've got to go through the material. 304 00:28:30,300 --> 00:28:33,600 So I would not be trading today, but I'm actually sitting in forcing myself 305 00:28:33,630 --> 00:28:38,190 over the charts to tell you what I think price may do given the economic calendar. 306 00:28:38,190 --> 00:28:41,460 Like we were saying this morning, there's a couple of different things in the way, 307 00:28:42,270 --> 00:28:49,350 and you have a very small pocket of time before those impactful news events would 308 00:28:49,350 --> 00:28:52,350 be barriers to the runs on liquidity. 309 00:29:19,334 --> 00:29:23,955 Now thinking in terms of like, say this, say this 15 minute 310 00:29:23,955 --> 00:29:27,405 chart, say this was a daily chart. 311 00:29:28,455 --> 00:29:28,814 Okay. 312 00:29:29,504 --> 00:29:32,774 The reaction that we saw off this level here. 313 00:29:34,870 --> 00:29:35,260 Okay. 314 00:29:35,650 --> 00:29:37,870 It went up and hit it and we retraced. 315 00:29:38,020 --> 00:29:41,230 Now it could have been a number of pips, a lot of pips, and that 316 00:29:41,230 --> 00:29:42,520 could have been an intraday trade. 317 00:29:43,000 --> 00:29:47,280 Whereas in this case, it's such a small little range because prices is 318 00:29:47,290 --> 00:29:49,630 fractal all these same approaches. 319 00:29:49,630 --> 00:29:54,820 If you apply it to a daily chart or say you apply it to a weekly chart, say this 320 00:29:54,820 --> 00:29:56,620 was each one of these candles represented. 321 00:29:57,689 --> 00:30:00,810 Not 15 minutes, the same elements are there. 322 00:30:01,290 --> 00:30:03,250 It's mitigation, it hit. 323 00:30:03,600 --> 00:30:06,659 And it was a reaction that much of a reaction on a weekly range 324 00:30:06,659 --> 00:30:08,850 would be significant on a daily. 325 00:30:08,850 --> 00:30:13,110 It would be a significant intraday trading opportunity, but not so 326 00:30:13,110 --> 00:30:14,610 much on a 15 minute timeframe, 327 00:30:22,330 --> 00:30:23,679 uh, each element. 328 00:30:24,760 --> 00:30:25,929 Uh, Jeff's got a good question. 329 00:30:27,745 --> 00:30:31,074 At what, at what point is all this going to be tied together from 330 00:30:31,074 --> 00:30:32,544 higher timeframe and lower timeframe? 331 00:30:33,594 --> 00:30:38,334 So what we do is we give the framework for each discipline. 332 00:30:39,264 --> 00:30:41,395 Like right now we're focusing primarily on swing trading. 333 00:30:41,395 --> 00:30:45,445 So that's going to be based on monthly, weekly, and daily setups 334 00:30:45,955 --> 00:30:47,395 and executing on a four hour. 335 00:30:48,955 --> 00:30:55,314 And then we'll do, um, working from a short-term traders perspective next month. 336 00:30:56,310 --> 00:31:00,720 And we'll be doing basically the same thing we're doing for this month, but just 337 00:31:00,720 --> 00:31:06,600 focusing on short term traits where you're really executing on an hourly chart using 338 00:31:06,600 --> 00:31:10,980 the daily four hour, but re referencing everything we've learned in January. 339 00:31:11,310 --> 00:31:12,600 And then what we're kind of uncover here. 340 00:31:12,930 --> 00:31:18,690 So what I've done is I've made the perspective from a macro view using 341 00:31:18,690 --> 00:31:22,980 all the higher timeframe things, and I slowly gravitate you back down and. 342 00:31:23,940 --> 00:31:26,400 These lowered intraday charts down into a five minute chart. 343 00:31:26,400 --> 00:31:31,540 So you'll be able to go insane with reducing the number of, uh, uh, 344 00:31:32,100 --> 00:31:34,440 lots you can do by keeping the risk. 345 00:31:34,440 --> 00:31:37,800 It's still relative to whatever percentage you want to have on your equity base. 346 00:31:37,830 --> 00:31:41,370 So at the end, when you've done the mentorship, you'll have every 347 00:31:41,640 --> 00:31:43,590 facet of how I interpret the market. 348 00:31:44,070 --> 00:31:46,230 So you can go in any time frame and trade it. 349 00:31:47,400 --> 00:31:51,180 But at this point, because we're in individual disciplines like swing 350 00:31:51,180 --> 00:31:52,470 trading, you'll know how to use. 351 00:31:53,385 --> 00:31:59,115 The, uh, the respect of lower timeframes to a four hour chart at the end of this 352 00:31:59,115 --> 00:32:03,855 month, you don't need anything less than a four hour chart to trade profitably, 353 00:32:04,305 --> 00:32:09,705 swing trading, but you'll end up using by default because everyone's going to want 354 00:32:09,705 --> 00:32:13,425 to do the same thing when they learn it to reduce the risk down to a very, very 355 00:32:13,425 --> 00:32:19,845 small number of pips and still have the precision that's L that's available by 356 00:32:19,845 --> 00:32:21,885 doing it using lower timeframe chart. 357 00:32:30,275 --> 00:32:30,905 I appreciate that. 358 00:32:30,905 --> 00:32:31,385 Casper, 359 00:32:34,485 --> 00:32:37,695 the appreciation for, uh, delivering it the way I'm doing it. 360 00:32:38,055 --> 00:32:44,355 I know most of you, if you were able to read the emails I had, there was a 361 00:32:44,385 --> 00:32:47,205 number of, you were saying, I'm not so sure this is the right way you should do. 362 00:32:48,885 --> 00:32:52,125 But I just keep referring back to the fact that this isn't the first 363 00:32:52,125 --> 00:32:53,985 time I taught people doing this. 364 00:32:54,014 --> 00:32:57,465 So like I said, you got to trust me if you don't trust me, there's 365 00:32:57,465 --> 00:32:58,514 no point in you staying here. 366 00:33:12,754 --> 00:33:15,455 Um, why use the downcast. 367 00:33:17,295 --> 00:33:19,905 And I'm assuming that you're referring to this one here. 368 00:33:19,905 --> 00:33:20,325 Yes. 369 00:33:20,835 --> 00:33:22,545 I want to make sure I understand you before I go forward. 370 00:33:23,055 --> 00:33:23,415 Okay. 371 00:33:24,915 --> 00:33:30,495 When, when the markets create a movement higher in a trade higher, 372 00:33:30,735 --> 00:33:34,695 not just on one candle, but a series of moves or a particular range. 373 00:33:34,875 --> 00:33:35,835 That's considerable. 374 00:33:36,375 --> 00:33:38,955 Now in this timeframe, know this is a considerable move. 375 00:33:39,795 --> 00:33:40,575 It stands out. 376 00:33:40,575 --> 00:33:41,655 It's an obvious price swing. 377 00:33:46,940 --> 00:33:47,270 Okay. 378 00:33:48,950 --> 00:33:55,040 So we understand that if this market moved higher, there has been some 379 00:33:55,040 --> 00:34:00,890 measure of buying now, retail, small little fish can't move price like this. 380 00:34:01,520 --> 00:34:07,930 So there has been some buying in here when this occurs and 381 00:34:07,930 --> 00:34:09,010 it causes displacement and. 382 00:34:10,170 --> 00:34:14,040 Because the price is only going to be permitted to move when it's favorable 383 00:34:14,490 --> 00:34:19,560 for the bank or the institutions, the down move right before that 384 00:34:19,920 --> 00:34:21,690 smart money buys and down candles. 385 00:34:21,929 --> 00:34:28,590 So if we have seen a move higher and then we've moved lower and 386 00:34:28,590 --> 00:34:32,760 broke that short, low right in here, which is what we've done prior to us 387 00:34:32,760 --> 00:34:36,659 coming on to the live session this morning, when that low is violent. 388 00:34:37,984 --> 00:34:41,464 The expectation is okay, this move higher. 389 00:34:41,614 --> 00:34:44,884 And we have an expectation for dollar Cavin move lower. 390 00:34:45,364 --> 00:34:50,495 That's what we were assuming this morning, going in anyone that has a long 391 00:34:50,495 --> 00:34:56,225 position in here, they're underwater at this point to mitigate that they 392 00:34:56,225 --> 00:35:00,504 would allow price to get back up to this down candle where the last buying. 393 00:35:01,799 --> 00:35:04,830 When it trades back up to that level, that's when mitigation takes 394 00:35:04,830 --> 00:35:08,790 place, that means that they can square their positions off and move 395 00:35:08,790 --> 00:35:10,950 to the sidelines or add new shorts. 396 00:35:11,430 --> 00:35:12,600 Does that make sense now? 397 00:35:21,020 --> 00:35:24,589 Um, some of them are ma the question is, is how are some of the people 398 00:35:24,589 --> 00:35:26,339 that I've trained in the past? 399 00:35:26,600 --> 00:35:28,879 Some of them are fun fund managers, some of them. 400 00:35:30,135 --> 00:35:31,725 I have two guys that run prop firms. 401 00:35:31,995 --> 00:35:35,595 Um, other, most of them are just independent traders. 402 00:35:35,595 --> 00:35:36,855 They don't do anything but manager. 403 00:35:57,040 --> 00:35:59,430 Uh, I try to keep the conspiracy stuff out of. 404 00:36:00,510 --> 00:36:04,290 Types of the sessions and from the mentorship, that's why I keep 405 00:36:04,290 --> 00:36:07,800 the free to Twitter and I'll keep the YouTube channel open for that. 406 00:36:09,000 --> 00:36:10,620 I try to keep it business here only. 407 00:36:11,310 --> 00:36:12,330 All right, just pay attention. 408 00:36:12,330 --> 00:36:14,790 Now we have price opening, a new candle. 409 00:36:15,360 --> 00:36:17,010 We have a nice rejection in here. 410 00:36:17,040 --> 00:36:19,830 We want to see price, want to seek out liquidity below that low. 411 00:36:20,220 --> 00:36:22,410 If we get below this low and here, we want to see expansion. 412 00:36:23,010 --> 00:36:25,620 That means that the candle should become bigger and longer. 413 00:36:25,680 --> 00:36:30,160 And, um, We do not want to see it. 414 00:36:30,160 --> 00:36:35,649 Come back up to this level here again, before it reaches to the lower lane, 415 00:36:35,649 --> 00:36:38,470 it doesn't have to get all the way down to 30, 80, or anything like that. 416 00:36:39,009 --> 00:36:43,680 Uh, that's the objective we're reaching for relative to time, but 417 00:36:43,680 --> 00:36:47,069 I'd like to see it make a move forward before equities open, but I'm not 418 00:36:47,069 --> 00:36:48,089 going to stay with you that long. 419 00:36:48,089 --> 00:36:49,350 I'm going to be with you another five or minutes. 420 00:36:49,350 --> 00:36:50,009 And I want to close this. 421 00:37:06,730 --> 00:37:08,320 All right, Gerard is here. 422 00:37:08,320 --> 00:37:10,390 So we're going to end up, uh, closing session. 423 00:37:10,390 --> 00:37:12,280 Now he came in late, so we're going to punish him. 424 00:37:17,800 --> 00:37:20,625 Uh, It'll be in the recording. 425 00:37:20,625 --> 00:37:23,895 It's not, it's not terribly exciting or just looking at a small little 426 00:37:23,895 --> 00:37:25,634 reaction off of mitigation block 427 00:37:43,674 --> 00:37:44,605 on a personal note. 428 00:37:46,455 --> 00:37:48,015 Maryland in our area. 429 00:37:48,015 --> 00:37:49,935 They closed school, not closed. 430 00:37:50,255 --> 00:37:55,245 They delayed schools several hours this morning for nothing. 431 00:37:55,725 --> 00:37:56,925 Uh, we don't have any snow out here. 432 00:37:56,925 --> 00:37:59,505 We, it was a little bit of flurries, so I'm trying to get this done 433 00:37:59,505 --> 00:38:00,735 before my little ones get up. 434 00:38:00,765 --> 00:38:03,195 Once they get up, I will not be able to talk with you. 435 00:38:04,125 --> 00:38:06,585 My wife is not with me today, so she can't corral them. 436 00:38:15,400 --> 00:38:20,049 Uh, as far as platforms that I used to trade and how my setup has done, you'll 437 00:38:20,049 --> 00:38:22,060 actually get to see my whole get up. 438 00:38:22,840 --> 00:38:24,850 Uh, when we get into the day trading model, I'll actually show 439 00:38:24,850 --> 00:38:29,380 you my coveted trade station. 440 00:38:29,380 --> 00:38:31,330 Now I have it set up so you guys can see all that. 441 00:39:03,419 --> 00:39:05,759 Let's take one quick, look over to dollar index. 442 00:39:07,950 --> 00:39:09,000 Yeah, it's dark. 443 00:39:09,000 --> 00:39:11,009 It's with a dollar moving nowhere. 444 00:39:11,009 --> 00:39:11,730 Like it is here. 445 00:39:12,390 --> 00:39:16,439 It's going to be problematic for the market to find any kind of legs, 446 00:39:21,419 --> 00:39:27,299 all the dollars, trying to make a run for its intraday high today might get it. 447 00:39:32,435 --> 00:39:37,925 I really like these levels on cable to have these levels on your charts. 448 00:39:37,955 --> 00:39:40,265 Folks just be mindful to, this is probably where we're going 449 00:39:40,265 --> 00:39:42,455 to proceed cable reach up into 450 00:39:49,485 --> 00:39:50,835 if we consolidate in here. 451 00:39:50,895 --> 00:39:53,895 And I, as a closing note, if we consolidate here in, 452 00:39:53,895 --> 00:39:54,825 don't make a move about. 453 00:39:56,655 --> 00:40:00,765 This level, and here we may be just consolidating for the news 454 00:40:00,765 --> 00:40:02,465 to come out a little later. 455 00:40:02,465 --> 00:40:06,585 I think at that 11 o'clock hour, there was something else we had, uh, for 456 00:40:06,585 --> 00:40:13,275 Canadian dollar it made see it's a movement on that release, but, uh, and 457 00:40:13,275 --> 00:40:16,425 here I would not be favoring along. 458 00:40:16,965 --> 00:40:19,215 I would look for continuation on the lower end. 459 00:40:20,085 --> 00:40:22,965 But being mindful that we don't want to see a trade back above that level, 460 00:40:22,965 --> 00:40:23,865 because it's already traded there. 461 00:40:23,865 --> 00:40:26,655 It's already shown a willingness to want to give evidence that it's 462 00:40:26,655 --> 00:40:28,965 mitigated long positions in here. 463 00:40:29,625 --> 00:40:35,865 So we want to see it erode below this low and start to show some expansion and 464 00:40:35,925 --> 00:40:38,805 reach for a, you want to look at, uh, 39. 465 00:40:40,140 --> 00:40:46,020 And 30, 80, but it could go, it could go down to 30, 75 on a spike 466 00:40:46,050 --> 00:40:47,310 if it can get down there at all. 467 00:40:47,580 --> 00:40:50,940 But given the fact that the dollar index is, has held really, really tight 468 00:40:50,940 --> 00:40:55,680 in a range, I'd like to see it and make a run for its cell stops in here. 469 00:40:56,670 --> 00:40:57,330 That would be nice. 470 00:40:57,330 --> 00:41:00,060 That would give freedom for a dollar cat to trade lower. 471 00:41:01,290 --> 00:41:05,310 But given where it's at now, it's not that high probability. 472 00:41:07,020 --> 00:41:07,860 I really, really like. 473 00:41:08,865 --> 00:41:09,495 Table though. 474 00:41:11,295 --> 00:41:11,835 I like that 475 00:41:15,505 --> 00:41:17,245 dependent by how far we get a ball. 476 00:41:17,245 --> 00:41:18,535 This short-term high in here. 477 00:41:19,195 --> 00:41:24,835 If we can come back down into this down candle, assuming after we get above 478 00:41:24,895 --> 00:41:28,315 this high, if it doesn't run too fast, if it comes back down, it gives an 479 00:41:28,315 --> 00:41:32,035 opportunity to touch this to high, that candle that may be a buying opportunity 480 00:41:32,035 --> 00:41:36,305 to get you to 26, 10 to what's the other level I got to get this thing out. 481 00:41:38,215 --> 00:41:40,135 26 40. 482 00:41:41,665 --> 00:41:46,495 So that could be your levels for a Friday cable. 483 00:41:51,865 --> 00:41:52,165 Yup. 484 00:41:54,965 --> 00:41:56,495 Nothing terribly exciting folks. 485 00:41:56,885 --> 00:42:01,175 Um, the highlight was a small little reaction here. 486 00:42:01,235 --> 00:42:05,955 Big deal, but, uh, That's the brakes. 487 00:42:05,985 --> 00:42:11,295 We will be again, we're going to have a live session tomorrow early again. 488 00:42:12,135 --> 00:42:13,965 It'll probably be another eight o'clock session. 489 00:42:14,625 --> 00:42:17,115 Um, I have to make sure I have plenty of time to go through. 490 00:42:18,075 --> 00:42:20,565 The two teachings and not have any errors. 491 00:42:20,924 --> 00:42:24,615 Uh, last month we had two slides, the head issues. 492 00:42:24,615 --> 00:42:28,815 I had a resolve at a later time, so I'm, I have a lot more 493 00:42:28,964 --> 00:42:30,464 proofreading time and go through it. 494 00:42:31,455 --> 00:42:35,174 So by having me, uh, get the last session out of the way tomorrow early, that'll 495 00:42:35,174 --> 00:42:39,495 give me a lot more time to make sure I can close that delivery window by 8:00 496 00:42:39,495 --> 00:42:43,305 PM on Fridays that we have all your content delivered by 8:00 PM and you can 497 00:42:43,305 --> 00:42:44,384 have the whole weekend to go through it. 498 00:42:45,194 --> 00:42:46,214 I want to close it here. 499 00:42:47,580 --> 00:42:49,230 I'm going to oh, real quick. 500 00:42:49,290 --> 00:42:51,660 Um, as it relates to brokers, I promise I'd mentioned this. 501 00:42:52,129 --> 00:42:53,009 Thank you very much, Jeff. 502 00:42:53,924 --> 00:42:57,555 Uh, prodding me about FXCM ethics cm. 503 00:42:57,615 --> 00:43:00,105 Obviously, if you haven't already heard about it, they have been 504 00:43:00,105 --> 00:43:04,785 slapped by the CFTC commodity futures, trading commission, and removed their 505 00:43:04,785 --> 00:43:06,375 ability to operate in the states. 506 00:43:07,005 --> 00:43:11,025 Uh, for those that have accounts with them, um, that are in our mentorship, 507 00:43:11,055 --> 00:43:14,355 they have been reaching out to me in regards to my personal opinion that I sent 508 00:43:14,355 --> 00:43:18,525 a tweet via the free Twitter, because I got more people following me on that one. 509 00:43:18,525 --> 00:43:19,665 Then obviously in the mentorship. 510 00:43:21,120 --> 00:43:24,480 Um, I just basically said in my personal opinion, and I don't have any 511 00:43:24,480 --> 00:43:30,150 affiliation with them, but , um, I had, uh, I had ex experience with them and 512 00:43:30,150 --> 00:43:31,500 had an account with them in the past. 513 00:43:31,500 --> 00:43:35,339 So, um, they treated me pretty, fairly, I didn't have any real 514 00:43:35,339 --> 00:43:36,660 major complaints about them. 515 00:43:37,200 --> 00:43:42,970 Um, I did tell her when to stay away from FXCM, but the, uh, there's a few 516 00:43:43,020 --> 00:43:47,190 that are taking a look at other brokers that I do not have experience with. 517 00:43:47,310 --> 00:43:49,529 And I'll invite you all to exchange your ideas. 518 00:43:50,310 --> 00:43:53,670 And, and experiences about other brokers through the forum. 519 00:43:54,360 --> 00:43:55,800 Use that medium to do that. 520 00:43:56,280 --> 00:44:01,170 Um, me personally, though, if it's a retail brokerage firm gun to my head, 521 00:44:01,830 --> 00:44:12,930 um, um, they will be obviously Owanda, so I'm entering the Robin's cup and they use 522 00:44:12,930 --> 00:44:16,770 gain for their, for X, uh, clearinghouse. 523 00:44:17,685 --> 00:44:20,865 So I don't have any experience with them either, but you'll obviously know 524 00:44:20,865 --> 00:44:24,405 the experience because it's going to be on my effects book and it's going 525 00:44:24,405 --> 00:44:28,335 to be linked to the world cup results. 526 00:44:28,335 --> 00:44:30,465 So it is what it is. 527 00:44:30,465 --> 00:44:33,855 I don't know how they're going to treat me in terms of customer 528 00:44:34,095 --> 00:44:37,785 service and execution, but you'll certainly know all about it. 529 00:44:37,905 --> 00:44:44,190 Um, as a secondary side note, Um, the things that I do in that account, I'm 530 00:44:44,190 --> 00:44:50,670 going to be doing small little videos when I can very little small pieces explaining 531 00:44:50,670 --> 00:44:54,960 what I'm looking to do, why I'm trying to trade what I'm trying to trade, because 532 00:44:54,960 --> 00:44:56,609 I want to document it as much as I can. 533 00:44:57,720 --> 00:45:00,089 Um, I'm not sure how I'm going to deliver that, but it will be. 534 00:45:01,590 --> 00:45:05,550 And I'm don't know if I'm going to release these videos publicly everyone, or if I'm 535 00:45:05,550 --> 00:45:07,470 going to make that available to you all. 536 00:45:07,920 --> 00:45:10,230 I don't know how, I don't know how I'm going to do that, but I don't know. 537 00:45:10,230 --> 00:45:11,220 I want to document it. 538 00:45:11,880 --> 00:45:13,590 So that way I'll be talking about the setups. 539 00:45:13,590 --> 00:45:14,700 I'm going to be using internet. 540 00:45:15,660 --> 00:45:17,250 So everything I'll try and keep it as. 541 00:45:19,710 --> 00:45:22,020 Uh, I don't know, let's put it that way. 542 00:45:22,020 --> 00:45:25,230 I don't know how it's going to be done, but I know it's going to be 543 00:45:25,230 --> 00:45:28,650 through my effects book and my name will be on the top of that list. 544 00:45:28,920 --> 00:45:34,500 So Richard Hom will no longer be the top of that list for 2017 Forex X division. 545 00:45:34,770 --> 00:45:39,330 He was at 90%, uh, like 96% the other day. 546 00:45:39,330 --> 00:45:42,690 And he just lost like 30% of his equity in one day. 547 00:45:42,690 --> 00:45:42,840 So. 548 00:45:44,145 --> 00:45:47,174 It, ain't going to take much to get a couple hundred percent over top of that. 549 00:45:47,504 --> 00:45:52,154 So I'm not worried about it, but my on depositing money, uh, the last week of 550 00:45:52,154 --> 00:45:56,415 February, because I want to make sure I get through this month's content and build 551 00:45:56,415 --> 00:46:01,035 in one week's worth of lessons that we always have one week ahead right now, as 552 00:46:01,035 --> 00:46:06,464 it is, um, doctoring up the notes that I have and producing them on a weekly basis. 553 00:46:07,365 --> 00:46:10,694 So if I'm going to be doing any contest type thing, I want to have 554 00:46:10,694 --> 00:46:11,865 at least a buffer of one week. 555 00:46:12,810 --> 00:46:13,650 Trading content. 556 00:46:13,920 --> 00:46:16,680 So that way our lessons don't be, they're not affected by it. 557 00:46:18,210 --> 00:46:24,360 So the trades I'm going to do, um, our real trays that would be doing you. 558 00:46:24,360 --> 00:46:27,600 Normally, I'm going to be risking 5% on all the trades 559 00:46:27,600 --> 00:46:28,710 that I deal in that contest. 560 00:46:28,710 --> 00:46:31,020 So that's what my equity gearing is going to be. 561 00:46:31,049 --> 00:46:34,170 So all my trades will have a maximum that that requires it, but I will 562 00:46:34,170 --> 00:46:37,020 allow it to 5% risk on each trade. 563 00:46:37,590 --> 00:46:40,020 And I'm going to basically try to do my best to. 564 00:46:40,875 --> 00:46:43,904 Better than I did when I was trading against AMS trader. 565 00:46:44,805 --> 00:46:46,005 So that's the business. 566 00:46:46,035 --> 00:46:49,424 Um, yeah, they require you to open up with a minimum of 5,000. 567 00:46:49,424 --> 00:46:54,225 So since it's a percentage basis only, um, I'm only gonna use the 5,000 to do it. 568 00:46:54,225 --> 00:46:56,085 They don't show you like balances or anything like that. 569 00:46:56,115 --> 00:46:57,944 I'll use the, my effects book for that purpose. 570 00:46:59,835 --> 00:47:00,165 All right. 571 00:47:00,165 --> 00:47:02,055 So that's the business. 572 00:47:02,205 --> 00:47:08,055 I'm going to try to hit 12000% return and destroy Larry Williams, his record on. 573 00:47:09,880 --> 00:47:10,660 That website. 574 00:47:10,780 --> 00:47:12,370 So I'm going to try my best to do that. 575 00:47:14,980 --> 00:47:18,370 But right now, the first of the month, uh, I'm sorry, the first month of the year 576 00:47:18,370 --> 00:47:22,870 to do this, not really good trading wants to do so I've allowed the folks to show. 577 00:47:22,900 --> 00:47:24,420 I wanted to see who stands out right now. 578 00:47:24,470 --> 00:47:29,470 So far, the, the guy Richard Hom, he's the one that took the lead in 579 00:47:29,470 --> 00:47:31,420 the highest he had with 96% return. 580 00:47:31,420 --> 00:47:34,570 So I'm not convinced that that's going to be a problem. 581 00:47:34,570 --> 00:47:34,750 So. 582 00:47:35,700 --> 00:47:39,810 Working my tail off going through March to March 1st will be my first. 583 00:47:41,850 --> 00:47:42,620 Uh, well, I don't know. 584 00:47:42,689 --> 00:47:43,770 I gotta take a look at the cannabis. 585 00:47:43,799 --> 00:47:45,990 The March will be the first trading. 586 00:47:47,009 --> 00:47:50,430 I'll be making available my, of my effects book to the public, and everybody know 587 00:47:50,430 --> 00:47:52,770 that I do have the positive on with gain. 588 00:47:52,899 --> 00:47:57,149 I am linked up with Robin's world cup and that's the business. 589 00:47:57,210 --> 00:47:59,279 So it won't affect our mentorship and loud. 590 00:47:59,310 --> 00:48:02,460 He actually been chiming in saying, you know, I'm doing too much now. 591 00:48:02,640 --> 00:48:05,100 Um, once I get it set up, it's just making trades. 592 00:48:05,250 --> 00:48:08,850 I mean, it's not like I'm doing anything really outside of what I normally doing 593 00:48:09,299 --> 00:48:10,770 on this to making trades do another. 594 00:48:15,089 --> 00:48:19,200 Um, I don't know if Larry Williams, um, seminar I was in the other day 595 00:48:19,709 --> 00:48:22,950 is available, but, uh, there's some, there's a couple of things that I want 596 00:48:22,950 --> 00:48:27,149 to make note of that he mentioned in there that I thought were interesting. 597 00:48:29,975 --> 00:48:31,565 But, uh, that's the business. 598 00:48:31,654 --> 00:48:35,045 So I'm going to close this one here and I'm doing a little bit of a ramble now. 599 00:48:35,055 --> 00:48:37,595 So just be mindful of this level. 600 00:48:37,595 --> 00:48:38,585 We don't want to see it give up. 601 00:48:38,645 --> 00:48:39,815 We want to see it expand lower. 602 00:48:39,815 --> 00:48:45,605 It might do that intraday after the 11 o'clock hour news. 603 00:48:45,605 --> 00:48:50,404 So just be mindful of that and pay attention to your Twitter tonight 604 00:48:50,435 --> 00:48:54,335 around seven 30 my time, because we'll probably be tweeting about the, uh, 605 00:48:54,845 --> 00:48:57,255 Australian dollar, um, around seven. 606 00:48:58,335 --> 00:49:04,634 PM my time, have your, uh, forum open and have it. 607 00:49:04,845 --> 00:49:08,205 So that way, when I send you a tweet, when you click on the link in the Twitter, 608 00:49:08,775 --> 00:49:10,995 it'll take you right into the forum. 609 00:49:11,174 --> 00:49:14,055 If you don't have that set up, it slows you down. 610 00:49:14,444 --> 00:49:14,714 Okay. 611 00:49:14,714 --> 00:49:22,634 So just be mindful that, and tomorrow look for a pound dollar to 612 00:49:22,634 --> 00:49:23,835 try to reach for these levels of. 613 00:49:25,095 --> 00:49:28,605 And if not, we'll see those as objectives for next week. 614 00:49:29,055 --> 00:49:31,155 So there's a little bit of a range in there for you guys to be monitoring 615 00:49:31,515 --> 00:49:32,985 until I talk to you again tomorrow. 616 00:49:33,645 --> 00:49:36,285 And I'll give you a recap for you tonight, but I'll talk with you guys 617 00:49:36,285 --> 00:49:38,325 a lot tomorrow again at 8:00 AM. 618 00:49:38,475 --> 00:49:39,075 New York time. 619 00:49:39,465 --> 00:49:40,395 Wish good luck and good trading. 52184

Can't find what you're looking for?
Get subtitles in any language from opensubtitles.com, and translate them here.