Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated:
1
00:00:04,760 --> 00:00:04,820
Yeah.
2
00:00:06,350 --> 00:00:06,560
Okay.
3
00:00:06,560 --> 00:00:07,040
Folks.
4
00:00:07,640 --> 00:00:08,270
Welcome back.
5
00:00:08,390 --> 00:00:08,720
Okay.
6
00:00:08,720 --> 00:00:12,170
We're going to be going through a real
quick review over the last two days.
7
00:00:12,200 --> 00:00:12,980
Price action.
8
00:00:13,700 --> 00:00:16,460
Um, I'm sure I'm not going
to cover everything by this.
9
00:00:16,460 --> 00:00:19,940
I'm going to give you some content for
today because, uh, I missed yesterday
10
00:00:19,940 --> 00:00:23,360
with my personal life getting in the way.
11
00:00:24,470 --> 00:00:27,590
So we were looking for the
dollar, um, potentially going
12
00:00:27,590 --> 00:00:28,370
down in here and closing.
13
00:00:30,225 --> 00:00:32,415
Area that was exposed only, only upside.
14
00:00:33,255 --> 00:00:37,965
Um, we did get below the middle of this
down candle, which we were watching to
15
00:00:37,965 --> 00:00:39,675
see if it would be able to hold onto that.
16
00:00:40,365 --> 00:00:45,315
Um, the bodies did get through it, uh,
one here and an enclosed back above it.
17
00:00:46,680 --> 00:00:50,610
We may be just consolidating for another
drive higher and let's give some more
18
00:00:50,610 --> 00:00:52,230
data on this chart so you can see it.
19
00:00:52,680 --> 00:00:55,830
Uh, we still have that 98, 55
level that we were looking for.
20
00:00:55,830 --> 00:00:58,890
So it still might come into
play the rest of the week.
21
00:01:00,150 --> 00:01:03,010
It's hard to say in here it's
been a, it's been a weird day.
22
00:01:03,010 --> 00:01:08,120
They looking at it in hindsight
with the, uh, no, here one second.
23
00:01:09,810 --> 00:01:11,300
The, the palsy.
24
00:01:12,940 --> 00:01:17,620
The 97 55 level we had mentioned in
the past, uh, video presentations.
25
00:01:18,100 --> 00:01:20,590
Uh, it's interesting that
we've been able to do that.
26
00:01:20,920 --> 00:01:23,740
I thought we would at least try to
come down here and close this up.
27
00:01:23,740 --> 00:01:24,610
Have we done that?
28
00:01:24,910 --> 00:01:28,240
Uh, then, uh, it would have been
a lot easier for it to trade
29
00:01:28,240 --> 00:01:31,150
higher, but the fact that we're
consolidating here, it's still.
30
00:01:33,390 --> 00:01:35,250
It's hard to say what it's
going to do, but if we go
31
00:01:35,250 --> 00:01:36,280
higher, we're looking for that.
32
00:01:36,410 --> 00:01:37,550
I need 55 levels.
33
00:01:37,550 --> 00:01:37,830
Still.
34
00:01:38,640 --> 00:01:43,830
The stocks we had identified earlier in
the week, 97, 70, uh, did in fact get
35
00:01:43,920 --> 00:01:48,630
rated by 10 pips, and then we've only
really moved away into a consolidation.
36
00:01:48,640 --> 00:01:53,250
So not much in the way of, uh, movement
for the dollar, the Euro dollar.
37
00:01:54,075 --> 00:01:57,735
Uh, we had some stops identified that we
were looking for below these lows in here.
38
00:01:58,095 --> 00:02:02,505
Uh, we just breached it just a little
bit, not by much, which again, that's not
39
00:02:02,505 --> 00:02:03,885
characteristic of what I would expect.
40
00:02:03,885 --> 00:02:05,955
I would expect a little bit
more of a rundown through that.
41
00:02:06,525 --> 00:02:09,104
Uh, but we did test
them pro below that low.
42
00:02:09,175 --> 00:02:14,445
So nothing in the way of terrible, uh,
you know, sweeping in regards to the
43
00:02:14,455 --> 00:02:20,385
stops at same price action here that at
1 0 9 53 level, as you see on this chart.
44
00:02:22,665 --> 00:02:27,725
I want to 9 53 being this low over here
is the out price stab through that.
45
00:02:27,725 --> 00:02:33,485
And we small, so a little small little
re uh, reaction there looking at London.
46
00:02:34,385 --> 00:02:35,975
And I hate to sound like
it's all hindsight today.
47
00:02:35,975 --> 00:02:36,575
Cause it really is.
48
00:02:36,575 --> 00:02:38,225
I've been away from it for over a day.
49
00:02:38,225 --> 00:02:40,685
So we have relatively equal highs in here.
50
00:02:40,775 --> 00:02:43,535
The markets they'd come back above
and sweep it and reach down into
51
00:02:43,535 --> 00:02:44,615
the level we were identifying.
52
00:02:44,615 --> 00:02:47,855
So the draw on price was the
lows in here or the liquidity
53
00:02:47,855 --> 00:02:48,935
pool in the form of sell stock.
54
00:02:49,680 --> 00:02:51,329
And that's what drew price lower.
55
00:02:51,840 --> 00:02:55,500
Um, I told you to watch
that one 10 level on fiber.
56
00:02:55,500 --> 00:02:58,109
I thought that we were probably
going to get a little bit of a push
57
00:02:58,859 --> 00:03:02,090
above after coming down and closing
a little bit of this range in here.
58
00:03:02,160 --> 00:03:02,760
Didn't do it.
59
00:03:03,825 --> 00:03:06,525
We saw a nice little
reaction on the downside.
60
00:03:06,525 --> 00:03:09,645
So the level did become
like an inversion level.
61
00:03:10,275 --> 00:03:12,705
Uh, the market did in fact,
come back up here and trade into
62
00:03:12,705 --> 00:03:15,225
that, uh, level four, sell off.
63
00:03:15,735 --> 00:03:17,115
Um, I wasn't near the market.
64
00:03:17,115 --> 00:03:17,475
Couldn't see.
65
00:03:17,475 --> 00:03:24,180
It didn't have anything I could have done
to capitalize on it, but nonetheless, I
66
00:03:24,180 --> 00:03:29,940
want to see it Trey up a little bit higher
about that 1 10 41, 10 35 to 1 10 40.
67
00:03:29,940 --> 00:03:33,510
That would have been a reason for
me to want to get short there and
68
00:03:33,510 --> 00:03:34,860
then reach for the cell stops here.
69
00:03:34,860 --> 00:03:38,130
If I was going to do anything with
a demo, just for example purposes
70
00:03:38,130 --> 00:03:42,300
for this week, but, uh, nothing I
can do here, nothing that excites
71
00:03:42,300 --> 00:03:45,390
me either where we're at, uh, cable.
72
00:03:48,630 --> 00:03:48,900
All right.
73
00:03:48,900 --> 00:03:51,120
So we had a cable identifying.
74
00:03:51,360 --> 00:03:53,820
We identified rather than the 2330 level.
75
00:03:54,360 --> 00:03:58,710
Um, we had equal highs again from
yesterday, but we're looking specifically
76
00:03:58,710 --> 00:04:01,440
with, um, where are we at here?
77
00:04:01,890 --> 00:04:07,500
These old highs over here, equal
highs, looking for a run above 2330.
78
00:04:08,829 --> 00:04:10,660
And we just got close to it.
79
00:04:10,660 --> 00:04:12,880
The last two days it's
gotten really close to it.
80
00:04:12,880 --> 00:04:13,480
Didn't do it.
81
00:04:14,049 --> 00:04:16,000
Um, it may, it may still happen.
82
00:04:16,149 --> 00:04:19,209
Um, I'd like to see it get up there and
do that because I think if we get up
83
00:04:19,240 --> 00:04:23,169
there, then we could potentially see
a little bit more aggressive selling
84
00:04:23,169 --> 00:04:26,409
to maybe run below the one 2140s.
85
00:04:26,860 --> 00:04:27,159
Okay.
86
00:04:27,159 --> 00:04:29,680
But until then, I wouldn't be
terribly excited because we're
87
00:04:29,680 --> 00:04:30,640
staying real close to that.
88
00:04:30,640 --> 00:04:31,289
2330.
89
00:04:32,450 --> 00:04:37,530
They're building a lot of trust in that
1 23 30 level as a resistance, we got one
90
00:04:37,830 --> 00:04:40,260
hit just below it below, below it today.
91
00:04:40,620 --> 00:04:43,409
Yesterday's daily highs, a little
bit lower that, and then we have
92
00:04:43,409 --> 00:04:44,310
these equal highs over here.
93
00:04:44,310 --> 00:04:46,169
So there's by stops to me.
94
00:04:46,169 --> 00:04:48,030
I think they're still, they're
not out of the water yet.
95
00:04:48,330 --> 00:04:49,979
They're in striking distance.
96
00:04:49,979 --> 00:04:52,409
Very easy for the, uh, the cable
of get up there and run away.
97
00:04:53,250 --> 00:04:56,940
Uh, 60 pips or so just to tag them and
it can do that right from where we're at
98
00:04:56,940 --> 00:04:58,920
here, right into Frankfurt and London.
99
00:04:58,920 --> 00:05:02,760
And then so often that would be
an interesting condition because
100
00:05:02,760 --> 00:05:08,940
then it would give support to the
dollar moving up into that 98 55
101
00:05:08,940 --> 00:05:10,200
level from where we're at in here.
102
00:05:11,010 --> 00:05:13,890
So that would make a little bit more
sense based on what we're seeing here.
103
00:05:14,730 --> 00:05:15,450
Uh, CAD.
104
00:05:15,510 --> 00:05:16,770
This is pretty wild today.
105
00:05:17,040 --> 00:05:24,265
Um, I gave you, uh, uh, To
watch price on dollar CAD.
106
00:05:26,005 --> 00:05:29,515
And I don't have the delineators on
for yesterday, but we're just going to
107
00:05:29,515 --> 00:05:32,395
have to pop that up there like that.
108
00:05:32,875 --> 00:05:33,115
Okay.
109
00:05:33,115 --> 00:05:36,895
So we saw the market come down
into the New York session, had
110
00:05:36,895 --> 00:05:41,395
New York session reversal trader
rate up to that 1 31 35 level.
111
00:05:41,395 --> 00:05:45,625
And the reason why that's important,
I told you on the daily chart, okay.
112
00:05:45,655 --> 00:05:49,375
We'd have to stay below the opening
on this little small candle.
113
00:05:50,130 --> 00:05:52,289
And then assuming on that and
I'll show you what that means.
114
00:05:53,430 --> 00:05:53,550
Okay.
115
00:05:53,550 --> 00:05:57,960
The opening on this candle
comes in at 1 30, 1 34.
116
00:05:57,960 --> 00:06:02,280
So we rounded to the nearest
round five level or zero level.
117
00:06:02,280 --> 00:06:05,609
So it'd be 1 30, 1 30 or 1 30, 1 35.
118
00:06:06,060 --> 00:06:06,360
Okay.
119
00:06:06,510 --> 00:06:08,549
1 30, 1 35 puts us right in here.
120
00:06:09,180 --> 00:06:12,120
Um, we had a sell off yesterday,
but look what happened yesterday.
121
00:06:12,120 --> 00:06:13,049
We hit that level.
122
00:06:13,979 --> 00:06:15,060
Screw on over here a little bit.
123
00:06:15,870 --> 00:06:16,890
We hit that level right here.
124
00:06:17,745 --> 00:06:20,925
Okay, so we'll have a little bit,
one more time in the mean threshold
125
00:06:20,925 --> 00:06:25,275
of this up candle, we sold off one
more time, swept the highs right in
126
00:06:25,275 --> 00:06:27,284
here, and then sold off in London.
127
00:06:27,795 --> 00:06:29,175
Then we had news come out today.
128
00:06:29,175 --> 00:06:35,594
We had, uh, uh, the bank rate decision
for the CAD and we had some other high
129
00:06:35,594 --> 00:06:39,435
impact news that came out, uh, crude
oil, crude oil inventories as well.
130
00:06:41,175 --> 00:06:41,895
Did I have that right?
131
00:06:42,105 --> 00:06:43,185
I think it's crude oil inventory.
132
00:06:43,365 --> 00:06:44,085
Let me double check.
133
00:06:44,385 --> 00:06:45,915
Am I telling you the
truth on that cell phone?
134
00:06:45,915 --> 00:06:46,845
I think it was crude or something.
135
00:06:46,845 --> 00:06:47,175
Wasn't it?
136
00:06:48,615 --> 00:06:50,295
So those that are here live,
can you correct me on that?
137
00:06:50,325 --> 00:06:50,775
Yes, crude.
138
00:06:50,775 --> 00:06:50,985
Okay.
139
00:06:51,125 --> 00:06:51,675
Just want to make sure.
140
00:06:51,675 --> 00:06:53,625
I looked at the crown on
there before I got out here.
141
00:06:54,495 --> 00:06:58,125
The, uh, the market came right
down to the other level we are
142
00:06:58,125 --> 00:06:59,595
watching, which was this low in here.
143
00:06:59,595 --> 00:07:03,405
What's begins the liquidity void.
144
00:07:03,765 --> 00:07:04,965
Let's go back out here a little bit.
145
00:07:06,210 --> 00:07:06,719
Right in here.
146
00:07:06,719 --> 00:07:10,020
So we got the low, this low
here and above this high here.
147
00:07:10,020 --> 00:07:10,950
That's the liquidity boy.
148
00:07:11,070 --> 00:07:12,840
We had identified on the daily chart.
149
00:07:13,140 --> 00:07:15,750
So we identified this area for
a draw on price for the week.
150
00:07:16,140 --> 00:07:16,440
Okay.
151
00:07:16,440 --> 00:07:22,590
So 1 30, 1 30 to 1 30, 1 35
level was again significant.
152
00:07:22,859 --> 00:07:24,900
Uh, we talked about that
relative to the daily chart.
153
00:07:24,900 --> 00:07:27,840
So while we didn't get the sell off
right from there and go straight
154
00:07:27,840 --> 00:07:31,500
to hell, it was a little bit of a
thoracic price action going sideways,
155
00:07:31,500 --> 00:07:33,240
but then the classic London session.
156
00:07:33,930 --> 00:07:36,840
Where we get a little bit of market
projection rallies, higher clear
157
00:07:36,840 --> 00:07:38,850
some previous days at session stops.
158
00:07:40,320 --> 00:07:45,870
Market trades down goes into New York,
uh, set up, going into another wave
159
00:07:45,870 --> 00:07:48,960
of selling on the heels of the bank.
160
00:07:49,710 --> 00:07:52,050
Decision and crude oil
inventories as well.
161
00:07:52,050 --> 00:07:54,300
So that we saw throughout
all the down here now.
162
00:07:54,300 --> 00:07:57,120
Here's why I like getting out early.
163
00:07:57,120 --> 00:08:00,780
This is a perfect reason why, and I can
talk about it in hindsight and have no
164
00:08:00,780 --> 00:08:04,740
problems talking about it because it's
exactly why I justify why I get out early.
165
00:08:05,070 --> 00:08:05,400
Okay.
166
00:08:05,880 --> 00:08:10,080
The 1 31, I'm sorry, the 1
30 0 4 level, which would be
167
00:08:10,080 --> 00:08:11,730
the low on this candle here.
168
00:08:12,420 --> 00:08:13,170
One 30.
169
00:08:14,940 --> 00:08:16,409
Excuse me, 1 30, 0 4.
170
00:08:16,920 --> 00:08:20,100
So we would be looking for a move down
to that low or a little bit lower.
171
00:08:20,460 --> 00:08:20,640
Okay.
172
00:08:20,640 --> 00:08:24,030
To dip into this liquidity pool
or liquidity void rather, and
173
00:08:24,690 --> 00:08:26,100
price comes all the way down.
174
00:08:26,100 --> 00:08:29,382
What kind of closest thing gets
the low comes in at 1 30, 0
175
00:08:29,382 --> 00:08:32,610
6, 2 pips away, two pips away.
176
00:08:33,150 --> 00:08:36,750
So that would have been very
frustrating if I would have been
177
00:08:36,750 --> 00:08:40,080
looking for a move like that and
insisted it, it only go down to one 30.
178
00:08:40,200 --> 00:08:40,560
Oh.
179
00:08:41,775 --> 00:08:45,495
Or just below it, just to see it scream
all the way back up to the daily level.
180
00:08:45,495 --> 00:08:48,285
We've identified that 1 31 35 level.
181
00:08:48,825 --> 00:08:49,035
Okay.
182
00:08:49,035 --> 00:08:53,715
So it's been, it's been a pretty wild day
on a dollar cat, but what's nice is even
183
00:08:53,715 --> 00:08:57,045
though we don't have this opportunity
painting out where it went below the
184
00:08:57,045 --> 00:09:00,555
low, this is a beautiful opportunity to
talk about how the real world's going
185
00:09:00,555 --> 00:09:02,475
to make its way into your trading.
186
00:09:02,985 --> 00:09:07,085
Uh, we have tools, we have contests, we
have premise and we have principles and,
187
00:09:07,295 --> 00:09:08,985
and reasons for doing certain things.
188
00:09:08,985 --> 00:09:12,885
But even with all those things, You're
still going to encounter things like
189
00:09:12,885 --> 00:09:16,215
this, where this would been an a S
this would have been a wonderful,
190
00:09:16,215 --> 00:09:20,145
stunning opportunity to be getting
short in holding something from London.
191
00:09:20,475 --> 00:09:23,115
Amazingly, if you were selling
rate at that level from yesterday,
192
00:09:23,115 --> 00:09:26,865
holding onto it, watching a screen
down and never taking any profit.
193
00:09:27,045 --> 00:09:27,435
Okay.
194
00:09:27,465 --> 00:09:31,035
It would have been really, it
would have been disastrous to see
195
00:09:31,305 --> 00:09:35,055
something so stunning, so off and
never get any of these profits
196
00:09:35,055 --> 00:09:36,405
taken on the straight and to.
197
00:09:37,545 --> 00:09:38,475
Come hell or high water?
198
00:09:38,805 --> 00:09:44,835
That 1 30 0 4 level gets breached and it
never gets there, but just by two pips and
199
00:09:44,835 --> 00:09:46,725
then see it screaming rocket up like that.
200
00:09:47,925 --> 00:09:51,465
That's why I take trades
off the table early.
201
00:09:51,585 --> 00:09:55,695
I have to do it because I've seen so
many times where I've had just like this.
202
00:09:55,695 --> 00:09:58,545
And if you heard me talk about this and
why I'd like to scale out or take my
203
00:09:58,545 --> 00:09:59,985
profits early, even if identify them.
204
00:10:00,900 --> 00:10:02,550
And we talked about this levels as well.
205
00:10:02,550 --> 00:10:06,089
We know why this was here because
it's the basis of the liquidity point
206
00:10:06,719 --> 00:10:08,250
that frames this top candle here.
207
00:10:08,819 --> 00:10:13,140
It's the fact that we only traded
two times and here this candle
208
00:10:13,140 --> 00:10:14,099
and an all through this candle.
209
00:10:14,099 --> 00:10:18,660
So this segment of price action is
not efficiently delivered from this
210
00:10:18,660 --> 00:10:21,599
point up here to this candle is low.
211
00:10:21,630 --> 00:10:25,110
This range on this up move is all
been efficiently treated because
212
00:10:25,110 --> 00:10:28,500
it's been done two times on the up
move and deliver them a downside.
213
00:10:30,495 --> 00:10:31,965
It's been twice passed through.
214
00:10:32,085 --> 00:10:36,045
So we know the exposed area of this
up candle right here is between this
215
00:10:36,045 --> 00:10:41,145
candle is high and this candle is low
and it just got two pips away from that.
216
00:10:41,295 --> 00:10:42,915
And then it rocket all
the way back up there.
217
00:10:43,185 --> 00:10:47,055
So again, simply because we have
identified in the level and in
218
00:10:47,055 --> 00:10:48,975
raising for drawing price down to it.
219
00:10:49,035 --> 00:10:49,425
Okay.
220
00:10:50,065 --> 00:10:51,735
Doesn't mean it's going to go there.
221
00:10:51,765 --> 00:10:52,455
Exactly.
222
00:10:52,575 --> 00:10:53,685
And this is the reason why.
223
00:10:54,585 --> 00:10:57,345
Kind of make fun of folks that say
you shouldn't take partial profits
224
00:10:57,345 --> 00:11:00,705
because there's no guarantee that
your level is going to be hit and
225
00:11:00,705 --> 00:11:04,755
you can get really profitable by
just taking something off the table.
226
00:11:04,995 --> 00:11:06,015
When it's moving in your favor.
227
00:11:06,705 --> 00:11:09,915
If you didn't get all the way down here
at this low and say, you just took a half
228
00:11:09,915 --> 00:11:13,665
the position off and then another, uh,
balance of a position off here as we're
229
00:11:13,665 --> 00:11:15,635
going into that, or look at the time.
230
00:11:18,135 --> 00:11:21,375
It's 1500 on a Forex LTD.
231
00:11:21,765 --> 00:11:22,185
Okay.
232
00:11:22,365 --> 00:11:24,855
So that's the time of the day when
you're going to be expecting some kind
233
00:11:24,855 --> 00:11:28,065
of a profit taking and true to form.
234
00:11:28,065 --> 00:11:28,665
Look what it does.
235
00:11:28,695 --> 00:11:30,075
It rolls the other way.
236
00:11:30,435 --> 00:11:32,535
So we have a London
close reversal profile.
237
00:11:33,045 --> 00:11:33,255
Okay.
238
00:11:33,255 --> 00:11:36,225
So a stunning fashion as well.
239
00:11:36,495 --> 00:11:41,025
So if you've never really given
thought about taking profits along
240
00:11:41,025 --> 00:11:44,655
the way, let this be an example
because we've identified the reason
241
00:11:44,655 --> 00:11:45,435
why this should have went down.
242
00:11:46,185 --> 00:11:48,495
We identify where the
liquidity void begins.
243
00:11:48,495 --> 00:11:50,655
We know that the low, that
low would be cell stops.
244
00:11:51,135 --> 00:11:54,165
So the fact that we would have expected
price to be trading down here like we did.
245
00:11:54,615 --> 00:11:55,095
Okay.
246
00:11:55,185 --> 00:11:59,115
That's all fine and great, but it didn't
go to where we thought it would go.
247
00:11:59,595 --> 00:12:00,795
Just, they got real close to it.
248
00:12:01,125 --> 00:12:03,450
So in clear deficit, You're wrong.
249
00:12:03,720 --> 00:12:04,200
I'm wrong.
250
00:12:04,290 --> 00:12:08,880
I was wrong on the trade, but you don't
have to be correct to be profitable.
251
00:12:08,880 --> 00:12:13,200
How many things could you have done
in here to be booking some profit?
252
00:12:13,620 --> 00:12:17,460
The move below this lower here, all
these lows in here on the daily chart.
253
00:12:17,610 --> 00:12:22,920
I mean, look at this, you have a
low at 1 30, 34 on this candle here.
254
00:12:23,130 --> 00:12:25,230
What's below that there daily lows.
255
00:12:25,260 --> 00:12:26,610
And it's going to be liquidity below that.
256
00:12:27,060 --> 00:12:29,040
So 1 30, 34 that's right.
257
00:12:30,195 --> 00:12:31,455
Right here, 1 30, 34.
258
00:12:31,455 --> 00:12:33,945
So what you can get all the way down
here to this low, but if you would have
259
00:12:33,945 --> 00:12:38,655
booked profits on every run below each
daily, low here, because you all these
260
00:12:38,655 --> 00:12:43,395
lows in here, they all have liquidity
below and the ran through all of them.
261
00:12:43,395 --> 00:12:45,795
Just didn't get down to this one
here and we didn't get into it.
262
00:12:47,415 --> 00:12:48,375
It could still come around.
263
00:12:48,375 --> 00:12:50,145
I don't see how it could
do it right away tomorrow.
264
00:12:50,175 --> 00:12:52,965
I mean, you have to take something
pretty significant in my opinion,
265
00:12:52,965 --> 00:12:56,175
to get us the wipe all this
out, but it could still happen.
266
00:12:56,325 --> 00:13:00,015
I mean, just as well as we saw this
thing reversed, like it did, um,
267
00:13:00,195 --> 00:13:01,635
anything happened in price action.
268
00:13:01,635 --> 00:13:04,335
You just gotta be prepared for
the most probable direction.
269
00:13:04,785 --> 00:13:09,855
So while I was away, um, I gave you some
things I'm gonna, haven't had a chance
270
00:13:09,855 --> 00:13:13,995
to go through the Twitter to see what
everyone's observation was for yesterday.
271
00:13:14,175 --> 00:13:15,405
Um, but we talked about.
272
00:13:17,670 --> 00:13:18,780
Uh, good grief.
273
00:13:19,860 --> 00:13:20,130
Yeah.
274
00:13:20,700 --> 00:13:22,320
Specifically the, uh, dollar cat.
275
00:13:22,320 --> 00:13:26,340
So, uh, that 1 30, 1 35 level fees,
haven't paid attention to that.
276
00:13:26,340 --> 00:13:29,820
And you got to take a look at this right
here and see you'll you'll you'll know
277
00:13:30,150 --> 00:13:33,810
by looking at the previous sessions, I
think it was on Monday, almost certain.
278
00:13:33,810 --> 00:13:36,360
It was on Monday and we
talked about that level there.
279
00:13:36,480 --> 00:13:40,950
So, um, we, I didn't want
to see it go above that.
280
00:13:41,490 --> 00:13:45,630
And we opened and traded three
through it the very next day.
281
00:13:46,530 --> 00:13:47,610
And then we'd wiped out.
282
00:13:47,700 --> 00:13:50,550
I mean, did another session
where we opened and traded
283
00:13:50,550 --> 00:13:51,960
down through entire day today.
284
00:13:52,890 --> 00:13:55,710
And I think that was a really
good example of why it's
285
00:13:55,710 --> 00:13:57,060
important to take some profits.
286
00:13:57,720 --> 00:14:02,070
And, you know, if you can't, uh, if
you can't find reasons to justify
287
00:14:02,070 --> 00:14:05,670
why taking part partial profits on an
environment like this, cause believe
288
00:14:05,670 --> 00:14:07,020
me, this isn't a one time thing.
289
00:14:07,110 --> 00:14:10,170
It doesn't just happen like this once
in a blue moon, this happens a lot
290
00:14:10,170 --> 00:14:11,250
when you're really trading with life.
291
00:14:12,030 --> 00:14:13,020
Uh, you're going to have a target.
292
00:14:13,020 --> 00:14:14,550
You're gonna have a level
you're reaching for.
293
00:14:14,970 --> 00:14:19,890
And if you don't pay yourself along the
way and just fund that trader that's in
294
00:14:19,890 --> 00:14:23,189
you, did you actually put in the time
invested into a fall in the marketplace,
295
00:14:23,760 --> 00:14:27,330
you're gonna be so frustrated and there's
so many ways for you to just build
296
00:14:27,330 --> 00:14:29,730
your bottom line up and not demand.
297
00:14:29,819 --> 00:14:33,990
The absolute level you're looking for
targets are just that they're targets.
298
00:14:33,990 --> 00:14:34,980
They're not absolutions.
299
00:14:35,430 --> 00:14:38,850
So if we can get the market to move in
those directions, like we framed out
300
00:14:39,450 --> 00:14:41,280
over here, all these reasons down here.
301
00:14:42,090 --> 00:14:44,490
Okay with the liquidity boy,
the fact that we had lows over
302
00:14:44,490 --> 00:14:45,720
here, we had old lows here.
303
00:14:45,720 --> 00:14:46,680
We had old lows here.
304
00:14:47,010 --> 00:14:48,930
We were expecting price
to drive down in here.
305
00:14:49,260 --> 00:14:51,660
We wanted to see this
low violated and see him.
306
00:14:51,900 --> 00:14:56,520
If we can come into this void, it's
not necessarily how much range was here
307
00:14:57,300 --> 00:15:01,800
from 1 30, 1 35 all the way down to 1
30, 30 that's over a hundred pounds.
308
00:15:03,030 --> 00:15:03,840
That's all you need.
309
00:15:03,840 --> 00:15:06,900
That's the, that's the framework
of a one shot, one kill.
310
00:15:07,260 --> 00:15:09,990
When you're looking for a set up like
that in the week, that's all you need
311
00:15:09,990 --> 00:15:11,820
is one of those, just one of those.
312
00:15:11,820 --> 00:15:14,490
And it can happen in one
side on one daily range.
313
00:15:14,730 --> 00:15:17,460
It can happen in the course
of several daily ranges, but
314
00:15:17,460 --> 00:15:18,420
that's all you're looking for.
315
00:15:18,420 --> 00:15:20,250
You're looking for a range
that offers you a hundred pips
316
00:15:20,250 --> 00:15:22,920
or more and minimum 40 pips.
317
00:15:22,920 --> 00:15:24,180
Because that way, if you can get some.
318
00:15:24,975 --> 00:15:26,625
With a range defined by 40 pips.
319
00:15:26,835 --> 00:15:27,265
It's easy.
320
00:15:27,285 --> 00:15:29,985
At least pay yourself 20, 30 pips
out of that with the factoring of
321
00:15:29,985 --> 00:15:33,735
the spread and some fluffing on,
on getting in earlier Laden in your
322
00:15:33,735 --> 00:15:35,025
ex being a little bit premature.
323
00:15:35,625 --> 00:15:40,045
So yeah, I will be presenting the session.
324
00:15:41,700 --> 00:15:43,440
That it was unable to do last night too.
325
00:15:43,440 --> 00:15:47,280
I get an opportunity to throw something
in my stomach and I will have that out.
326
00:15:47,310 --> 00:15:50,280
I can't, I can't promise I'll have it by
eight o'clock, but I'll certainly have
327
00:15:50,280 --> 00:15:51,630
it on air before I go to bed tonight.
328
00:15:51,900 --> 00:15:54,480
And when it is, I'll send it a
link on Twitter and then we'll
329
00:15:54,480 --> 00:15:55,620
be back on schedule tomorrow.
330
00:15:55,650 --> 00:15:57,000
God willing, God willing rather.
331
00:15:57,600 --> 00:15:57,790
Okay.
332
00:15:57,790 --> 00:16:00,960
And so, uh, so then I will
talk with you in the morning.
333
00:16:01,020 --> 00:16:01,950
I'll give you a link.
334
00:16:02,070 --> 00:16:05,370
Uh, we'll do some live session, uh,
commentary, and hopefully we'll get
335
00:16:05,370 --> 00:16:11,055
something in the marketplace that can kind
of like, uh, Redeem this week, if I can.
336
00:16:11,115 --> 00:16:11,475
Okay.
337
00:16:11,535 --> 00:16:13,425
So with that wish good
luck and good trading.
27991
Can't find what you're looking for?
Get subtitles in any language from opensubtitles.com, and translate them here.