All language subtitles for 030917_r EN (M)

Good afternoon folks.

Just recap for Thursday, March 9th, 2017.

All right.

So we had the dollar failed to make
a higher high, um, just fell short of

getting above this swing high here.

We were looking for a little bit
more movement than this, but since

it's lost some brown intraday.

We're going to be expecting non-farm
payroll tomorrow to shoot up above these

highs in here, potentially if it sells
off more, we're going to be looking for

an opportunity to see the market trade.

I mean, threshold is the level
we're gonna be watching for

if we get further downside.

Uh, but it is non-farm payroll tomorrow.

So it's best to really just the square
positions, move to the sidelines and wait

until new week for new opportunities.

All right.

So the Euro dollar today I came
down, hit a daily bull shorter block.

It's really framed on the fair
value gap that we have aligned.

If we go down to an hourly chart,
this lore little portion of range in

here, that's what was closed in there.

Surprise came down, hit that,
closing the fair value gap, and

then add a response to the ECB.

Event this morning at eight 30.

So this being seen, obviously had more
continuation on the outside for Euro

pound and we had also the market show.

Uh, I guess it's easier to
state in terms of failure to go

anywhere of any significance.

So we went above these relatively equal
highs, clear that out by faster gone.

So it came up into the last candle here,
but again, no real clear indications as to

what it wants to reach for, unless it just
wants a symphony to continuously go home.

Um, I'd rather see it stay in
consolidation and see cable go lower.

That would give us the outcome still for
European to reach up into its higher level

objectives outlined on its daily chart,
which brings us over to pound dollar.

Uh, this is the ally,
sorry, 30 minute chart.

And I'm just showing you the
responsiveness of what we outlined

today in regards to the fair
value gap between 2198 and 2190.

So we gave an indication.

We probably see the fair value gap
close in, but the rules for fair

value gaps are equilibrium is many
times all it needs to go back to.

And right in the middle
of 2198 and 2190 is 2194.

And the taste a little rally up in
here, it takes us right to 2194.

So you can't get any better than that in
terms of precision price would most likely

if at all, go up to this level before
it trades down and takes out the equal.

And that's exactly what
we saw happen today.

So again, in regards to understanding
how the market profiles operate and how

they transition from one profile to the
other, and intermarket analysis, you get

these type of responsive price moves,
and it's, to me even doing this this

long, it's still very inspiring to see
how precise these concepts can get you.

And it's nothing random about it.

You know, when you look at.

Price action like this, and you
move this, remove all of this.

Okay.

And we just looked at a blank chart,
which I'm not going to do because

I want to keep my notations here.

But if we were to look at a 30
minute chart in this vein, it would

look like complete randomness,
but it's seek and destroy.

See how it's going above and below old
lows and highs are being taken out and

it keeps going sideways with no real
clear direction that is indicative of.

Typical market profiling as we go
into non-farm payroll and you're

seeing it here in the pound.

Okay.

So moving along, we have dollar
CAD hit our objectives and a

little bit more, uh, for this pair.

Uh, we may see a little
bit of retracement.

I'd rather, didn't go back down at all
that like to say, just really just gun

higher and take out these equal highs.

Just get to the 1 35.

80 level.

That would be enough for me.

I'd be satisfied with that, but if
it can punch all the way up to 1

36 big figure, that'd be amazing.

Uh, and it could happen on
non-farm payroll news, you know,

like rocket fuel for some payers.

And if we get it, that's
what we're looking for.

Uh, if we really reject from these
levels here, uh, it could be a reason

to suspect a little bit of consolidation
to take place before we see any higher

price moves to take out these levels.

I don't see us completely collapsing
and going lower because on the way.

Uh, Canadian futures are still
weak and nothing's changed on the

horizon in terms of the commercial.

So we'll look at that when we
do DCT information on Friday.

So we have dollar, oh, I'm sorry.

Aussie dollar.

We had a move down into the lower
order block here, and we're looking

for that to be traded through.

So we want to see that actually
gateway and trade back up into

that or this level over here.

So the analysis that we've been.

Utilizing for Aussie dollar
it's nothing's changed.

So we're looking for an opportunity
to get short, to give us a

rundown into this fair value gap.

And ultimately down into this lower
level bullish or block formed on January

6th, Euro pound, again just keeps
pressing higher, higher, higher, no

real clear indication as what it wants.

I mean, we have a void in here.

We can close it and we have
a fair value gap in here.

And then ultimately have
an old high we can trade.

Uh, just it's really uncertain,
but it certainly doesn't

want go lower apparently.

So we're probably going to look for
firmness on Euro dollar and continued

weakness on pound dollar, because
it has a fair value gap on its daily

chart, which I should give you that
now I should have had it so fixated

on wanting to bring up what we talked
about intraday during the live session.

Uh, we're gonna have to look past.

And it's a little unprofessional of me
to keep it like this, but you can see

the low today just fell short of getting
into our fair value gap and we'll look

for a continuation of that to occur.

Unless once we get a strong
reversal, it's, doesn't appear

it's there yet, but anything had
happened on non-farm payroll for.

Dell again.

Uh, we did get to the one
15 big figure intraday.

We gave her a outline for a move from the
1 14 55 level all the way up into one 15.

So that happened and came
to fruition today as well.

So that was nice.

Um, I shared with you on the forum, what
I did with my Robin's trading contest.

Okay.

Uh, going along when this particular
payer, uh, I don't want to trade it again.

I was saying it to my son this afternoon.

I don't ever want to trade it ever again.

So it's going to have to take
something really significant for

me to ever want to trade this pair.

Uh, but I wanted to do it.

I wanted to get it out of the way.

I wanted to make something in this contest
with this pair, because I get asked a

lot about why I don't want to trade it.

I just don't like it.

I think it's a sneaky payer.

It does a lot of things that are.

Surprising many times.

So if they're going to continuously
manipulate their currency more than

most other currencies, I just want
to be more active in Anela pair.

And you can obviously trade this
and do very well on your own.

But me personally, my cup of tea is
other pairs, not this one, but you can

see how we have really nice responses.

Intraday today, as price was hitting
here, I said, this is a good buying

opportunity, and we're going to
take out the short term high.

If it does.

You want to take your profits
there and, or at one 15?

And you can see that was actually a
really good, uh, formation of a intraday.

They treat Dr.

Suess.

Oh, there you go.

We were mentioning how that move on
Tuesday was going to be a problem.

And it's going to have a real hard
time getting back up through its WIC.

Well, it gave up the ghost today.

Didn't it failed rather
aggressively lower.

And to me, I don't have any opinion on.

Dollar Swiss at this point, it needs to
get back above Tuesday's high for me to

be resuming any bullets on this pair.

I think we'll probably chop a little
bit going sideways and we'll wait

for further information on this one.

Gold continues to slide.

Um, I think we did hit our 1201
almost made it to 1200 big figure.

We will be looking for 11 90,
11, 80 as a potential downside.

Objective rejection blocking here
and maybe a old run on a low here.

Silver.

Uh, we mentioned yesterday.

At, uh, there would probably be a lot of
retail, hopeful spirits, uh, trying to

buy 1720, uh, based on what they see as
technical analysis, support resistance.

And I said, it's, it's, it's like that.

It's not, it's not going to be about,
it's not going to be a buy there.

So we had a little smaller intraday,
um, balance intraday only, and then

aggressive selling rate through that.

Uh, 1690 was a downside of today.

We got as low as 1693.

So only three points away
from the intraday low, uh,

outlined before the fact.

So silver is really taking it hard.

So it may be a need to get down below
these lows in here, sweep out those stops.

And if we can start to build another case
for bullishness, uh, that would be good

for long-term silver, uh, opportunities.

But as it is right now at stand
aside, wait for new information.

Cause there's nothing to trade in here
that would be deemed as high probability.

And that's it.

Folks I'm going to.

We doing the preview of New York
session in a prerecorded video

tomorrow, it'll be posted before 8:00
AM and it'll be self-explanatory.

It'll be brief allowing you
to digest it real quick.

And if you can go to the bathroom on
your smartphone at work, you can down.

I promise you, you can probably
watch it all before a normal

visitation to the bathroom.

And I will talk to you
all then until then.