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Welcome back folks.
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This is a recap for February 15th,
2017 cases, dollar index on the
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left hand side daily, and the right
hand side is the four hour chart.
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We're going to have our charts like
this going forward and the mentorship.
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So you'll be seeing daily and four hour.
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Every time we discuss each specific
market, uh, intraday today, we saw the
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market rally above that 1 0 1 60 level,
clearing out the buy-side liquidity and
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a new buy-side liquidity level rests.
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Now.
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And Southside liquidity has moved
below the bodies of these candles.
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So we had rejection above 1 0 1 60.
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You can see that rallying here.
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And I said that we'd probably see, um,
the market reach for this 1 0 1 60 level.
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And if we rejected, their dad would cause
a bullishness for gold and silver, and
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obviously they would have some upward
momentum on the foreign currencies.
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That's been recently selling.
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I think that we're going to
probably consolidate in here.
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Um, nothing's changed.
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We still stuck in this range here to here.
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We're holding a consolidation on
the dollar index and nothing's
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really terribly bullish or bearish.
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So we have to keep things
close to the vest if you will.
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I mean, it's unfortunately a short
term to day trade is the play that
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you should be focusing on right now.
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But that's unfortunate because we're
looking for swing trades in this month.
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Okay.
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Moving over to the Euro dollar, we have.
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The bodies of these candles in
here, we worked below them and
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didn't get to the 1 0 5, 10 level,
but rejected on the heels of that.
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One-on-one 60 level $4.
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I, we did reach up back up into that
1 0 6 big figure level we were talking
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about during the live session that
scene over here on the four-hour chart.
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It'll be interesting to
see if we have resistance.
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Come in here, hit it.
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Did hit a four hour bearish.
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Here all these candles here
is a bearish order, block,
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small little reaction so far.
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Um, didn't find some momentum
through it yet, but that can change
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overnight going into tomorrow.
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So we'll be watching
that for the Euro dollar.
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If we roll over, we will be
looking for a run to that 1 0 5
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big figure to 100, 4 80 upside.
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Uh, we would have to look for,
uh, it looks like we could see.
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Uh, one is seven 30.
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Yeah.
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One of the seven 30 could be the upside.
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If it does in fact,
make a lowdown in here.
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I'm not terribly excited about that
idea at the moment, but that could
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be love to look at going forward.
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Just want to have it in re
recording, moving over to the pound.
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Uh, we had the pound trade down.
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I support the last Bush.
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What are block again?
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Bounce off of that.
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It didn't get below this level.
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We were looking for rejected with back up
and now we're still consolidating again.
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So this, like I said, this
pair is really being fickle.
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He doesn't want to do anything.
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In fact, I'm going to be real honest
and tell you it's, it's making it
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difficult for me to call this pair.
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And it's unfortunate
because this is my favorite.
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And since it's not making sense to
me, that's why I'm not treating it.
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I'm not doing anything with it.
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So it's not performing as I
would like to see it perform.
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So when in doubt, stay out,
um, I don't know quite honestly
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what this pair wants to do.
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So I'm going to leave it at that
and keep it at bare honesty.
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I don't know.
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I have no idea what it wants to do.
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So with that, we're going to move over to.
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Still suspect that one 30 level
to be rated down here and get
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below these candles by side
liquidity, rest of the bar here.
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And until that range gets broken,
either from the downside or
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upside, we will stay in between.
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It's not going to have any terrible
bullishness or bearishness.
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I just think that that's most likely
what we're going to do is restate.
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So the cell side liquidity.
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So again, nothing's changed big
bullish move intraday for a dollar,
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and it was rather moot on the dollar
cat fair as we've been expecting.
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So if we get some embarrassment
on the dollar index, that may be
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a catalyst for this to drive down.
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And I mentioned that several
times, every time we talk about
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this pair, nothing's changed.
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It's we're still looking for this
down here and not terribly below.
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Okay.
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We have another paired.
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It performed as we were expecting
today, we thought that the Aussie
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dollar was showing relative strength.
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Um, it, even during the rally on
the dollar index today, it just
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was not wanting to go lower.
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I mentioned this live in the session
and we did punch through that 77
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big figures to the next level of.
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Well, the upside is 77 45,
which is technically 77 50.
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We're looking for that
level to be traded to.
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Um, now we have to consider
sell side liquidity here now.
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Okay.
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So we have to be mindful of that.
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We'll take this off and
that way our charts are now.
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Okay.
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So now we have our liquidity void and
pull together here coupled up for a 76
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big figure liquidity reference point.
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So again, we're looking for
continuation on the upside.
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Uh, 77 50 is the next objective.
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Be mindful though at, uh, 77 20, we
could get a little bit of a retrace.
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And if we do start looking at that 76.
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95 to 76 big figure.
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As short-term support, looking at gold,
we outlined the 1217 level, um, as a
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potential area to expect bullishness.
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Should we see the dollar
slide at 1 0 1 60?
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Well, we went above 1 0 1 60 on the dollar
index and they rejected trade all, be
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back down 60 points on a dollar index.
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And then we saw gold hit that level.
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Exactly as outline today, you know, before
the fact, and we saw price and gold surge.
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Uh, we saw it react at that 17 level
and we've got a buy-side liquidity
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pool resting rate above these equal
highs and above that we have the
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1250 level, which is also this same
area we've had noted for awhile, um,
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closing in that remaining portion of
the fair value gap on the daily chart.
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So we're looking for higher
gold weaker to consolidate a
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dollar index and moving over to.
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Okay.
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We had, again, the reaction at
that water block on a daily basis.
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Uh, they, in fact, he was a nice little
pop again with the weakness on the
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dollar, held up its own on a rally
initially intraday on the dollar index.
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But then when the dollar was
weak found support rate at the
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level, they were looking for
1773, hit it exactly to the point.
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And as rally since, and
we're still in consolidation.
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So we were going to be looking
for 1820 to 1850 upside for
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silver as our next objective.
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And that's it for today.
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Um, I'm going to give you some homework.
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I want you to go through the
currencies, just the majors.
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That means the dollar index versus,
or not Valerie news, but the dollar
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versus Canadian dollar yen dollar Swiss.
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See all.
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Pound dollar Euro dollar on those
pairs alone, nothing exotic.
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I want you to go through
the last four years.
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Okay.
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And on the forum, I want you to give me
a list of all of the big movers, the big
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moves that took place over the last four
years, each year, one or two of those
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pairs had really significant price moves.
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So, what you're doing is you're
making a list of what moves took
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place in 2016, 2015, 2014, 2013.
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So in the last four years, what
were the big movers each year?
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And how many pips did it move
and what type of move as it
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was a bullish or bearish.
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And was there anything that lined up
with it from a seasonal standpoint?
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That's your homework for this week
and to have it online in a forum post.
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To share with the other, uh,
members of our community.
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It needs to be posted by Saturday, noon my
time, and that's going to be it for today.
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Folks, we'll be back together again,
live tomorrow at 8:00 AM, New York time.
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So I will see you all
then have a good night.
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Good luck.
12747
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