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Welcome back folks.
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This is the U S dollar index is a
daily and we have buy-side liquidity.
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Breasting just above this candle,
spotty in here, and we have
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sell side liquidity down here.
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Now our expectation is we're still
going to see price most likely want
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to go back down to that 98 90 level.
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That's an old market
structure high back here.
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It's also closest to the
end of the delivery on.
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Sell side, cause buy-side
was only offered here.
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New downside pressure has been
seen since it left this area.
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What I anticipate having is nothing.
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The dollar next is bears here.
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So anyone that's short, if it's
smart money and we're assuming
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that it is how do they get out of
their short data to have sellers?
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Well, no, one's going to be interested
in selling down here per se, but if they
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come down to this level and they rally it
away sharply on one or two, maybe three
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days, that'll create sell stocks below.
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And if it comes back down and
makes a lower low at a later time,
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those cell stops will be activated
to sell to the willing buyers.
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They would want to cover
the shorts on this dollar.
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It's bearish move here.
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So I'm anticipating a move down to 98 90,
then a sharp little pop off of that to.
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Sell stocks below this level
or whatever, low forums.
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And then they'll drive it one
more time lower than that.
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And that's when they'll start covering
nourish or positions in here because
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they have to cup their buying of their
short covering with willing sellers
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and at the engineer that first.
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So we're gonna be lucky looking at
that 98, 9 11, with that in mind,
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you're a dollar.
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Uh, struggling with that 1 0 8 big figure.
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I, again, the reason why I said I was
only interested, really interested at
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this high here, allowing as much as that
1 0 8 70 level and it still could happen.
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Um, we're maybe finding support back here
at this level, all these bodies in here.
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I don't have a line on it, but you can
have it on your chart work basically.
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Finding some, some
short-term support there.
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Let's see it pop up and
hit that, uh, 1 0 8 79.
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It was just for general principles and
that's also probably likely to happen if
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we get that dollar index now coming up.
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Um, covered pound dollar.
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We're looking at a run up to that 1 27 30.
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Really?
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We're just going to call
it one twenty seven thirty.
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Uh, we did get through that 1 26 40 level.
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We were looking for as a
daily objective next upside.
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So we hit that.
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Uh, we looking for expansion up
to that 1 27, 30 as the next by.
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Objective, do we have by dressing,
just above that and above the Wix, that
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doesn't have to just get to that level.
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That's what we're looking for, but
it could get to as high as a 1 27 80.
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So anticipate that as a
potential upside objective.
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So let's do that here.
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Okay.
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So we're looking for something like that.
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And we'll leave it for now.
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Southside liquidity is resting
below these equal lows in
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here, and it's also old highs.
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That's kind of that solid.
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If it's coming back down there,
it's going down after it's reversed.
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So we don't want to be long or looking
for anything along what to takes out.
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These lows, uh, still
upside expansion is do that.
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We look into unload their lungs.
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Capitalized off this level
here and then here and in
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recapitalize, more longs in here.
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So they have a heavy net, long book.
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They will want to pair off
their exits with willing buyers.
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So they'll sell to these,
uh, these buy stops up here.
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So we're still looking for the objective
for cable dollar cat had a little bit
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of a pop intraday, still looking for the
downside 1 29 34, again, within alignment
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with our expectations of the dollar index.
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So we have buy-side liquidity
now adjusted to 1 30, 1 35.
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Which is the bodies and here,
uh, again, the wick on this
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candle has the most extreme.
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That means a 1 30, 31 71 30, 1 35 to
1 30, 1 70, layered by stops in here.
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But ultimately if it gets to 1 30, 1 35,
it's probably don't want to run up into
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a little bit more of this ranking here.
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I don't see it here.
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I still suspect we're going down
to 1 29, 35, and maybe even down
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to the order of blocks seen here.
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So I'll, I still look up.
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Bearishness on dollar Aussie dollar.
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Uh, this looks like it's winding
out to have one more surge up.
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It could happen tonight or tomorrow.
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Uh, look for, uh, a big candle to
come out of this consolidation.
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We've had small little ranges
in here, so volatility.
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Uh, it would indicate that this is most
likely going to snap up and pop through
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and get all the buy stops resting
above this high, how far up we go, uh,
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that could be seen in the form of this
little breaker here seen, uh, 76 52.
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So that could be, uh, where we reach
for 70, 76, 50 to 76 60 on an upside.
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That might be a.
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Near term sell-side liquidity
still remains under here.
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The small little liquidity pool resting
below the bodies in here for sell stocks.
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I'm not concerned about that.
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If it goes down there, it might just
have to come back into this order block.
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Um, but if we lose to 74 83, we will
be running down below here and in
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filling in this fair value gap as a
downside of diff, I just don't see
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that in the cards yet that distinct,
this is like a pressure cooker.
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It's whining out for it to pop.
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It take some liquidity on
the upside European case.
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Um, ground back today, uh, with the
advancement of cable and the soft Euro.
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So we're looking for maybe a run one
more time below these bodies in here.
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That's where south side liquidity is
on the near term, but ultimately if we
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break down, we're looking for 83 41.
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Um, buy-side liquidity rest above
just above these candles in here.
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I have this noted to refer back to
how the price action filled in to the
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spiritual or block here and rejected.
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So now, while we're in charts, life,
this will look slightly different to what
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you have in your chart index for today.
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So just be mindful of that.
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And that's where the buy-side
liquidity is resting.
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Just above that.
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And we can remove this now.
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It's just no longer salient to curb.
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So you have a chart.
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Why I made the changes here
life and downside is here.
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Upside is here.
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Doesn't look like a strong
ideas of support here.
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So I'd like to see it, maybe
run through this one more time.
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And if it does, I'd like to see it, do it.
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After I like to see consolidate after it
sees the cable hit our objective 1 27.
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27 1 27 30.
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And that's all I have for a Forex.
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Um, today, uh, you probably
notice the outline for this
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month and it's pretty straight.
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Is this, this month and going
forward, it's going to be highly
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specific about what it is that
we do, what we're looking for for
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setups, how you use that information
going forward for a trade idea.
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So, um, every month when we
go forward, now the first two
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sessions are going to be basically.
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Uh, light theory and foundation for
individual disciplines of the trading.
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And this month is swing trading.
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So we're gonna be doing a little bit
foundation on the first two teachings,
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and then it goes right into it.
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Rubber meets the road.
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These are the set up.
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This is what you look for.
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And you say you qualify all those things.
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And then.
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Yeah, we closed a month out
with the million dollar trade
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set up for swing trading.
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So I have some really interesting
insights to share with you this month.
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I'm excited to share it with you and
I'm hopefully going to have that same
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level of interest seen in all of your.
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Participation.
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So until we talk again, it will be a
tomorrow there'll be a live session.
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I will tweet the link at eight
o'clock in the morning, but the
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session will begin at 9:30 AM.
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Okay.
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So it'll be a 9:30 AM.
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Start time tomorrow for a live session.
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And after I put the post-op out, tweet
the notification on Twitter that.
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The link is online in the forum,
but the link will appear under
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today's presentation content.
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So it's February 1st, the
link will appear under there.
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So that way we keep everything organized
and because the normal delivery is going
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to be the day before, that's where you
get the link for today's live session.
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So always look at yesterday's
post and you'll find today's
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live session registered.
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And then the recordings will
be posted after the fact
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that later on the afternoon.
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Okay.
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So with that guys, I wish you
good luck and good trading.
13668
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