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Welcome back.
2
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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
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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.
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See what we see.
12
00:01:07,770 --> 00:01:13,410
Okay, you should be seeing the
economic calendar for today.
13
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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
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00:01:50,795 --> 00:01:55,235
eight 30 and I'd say 10 o'clock in the
morning, and everybody will probably
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move to the sidelines from that point
on and wait to see what everybody has
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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.
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00:02:26,040 --> 00:02:29,190
Uh, that'll give us some indication
of what we may see tonight during the
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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
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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.
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00:04:38,900 --> 00:04:39,770
My time seven 30.
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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
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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.
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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.
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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
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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
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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.
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00:08:48,180 --> 00:08:53,400
So to avoid all that and to stick to
the curriculum, we try to keep our
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00:08:53,400 --> 00:08:59,700
focus on the topic at hand, but to
break, break up the monotony out, I'll
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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
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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
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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
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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
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