All language subtitles for vid 2

af Afrikaans
ak Akan
sq Albanian
am Amharic
ar Arabic Download
hy Armenian
az Azerbaijani
eu Basque
be Belarusian
bem Bemba
bn Bengali
bh Bihari
bs Bosnian
br Breton
bg Bulgarian
km Cambodian
ca Catalan
chr Cherokee
ny Chichewa
zh-CN Chinese (Simplified)
zh-TW Chinese (Traditional)
co Corsican
hr Croatian
cs Czech
da Danish
nl Dutch
en English
eo Esperanto
et Estonian
ee Ewe
fo Faroese
tl Filipino
fi Finnish
fr French
fy Frisian
gaa Ga
gl Galician
ka Georgian
de German
el Greek
gn Guarani
gu Gujarati
ht Haitian Creole
ha Hausa
haw Hawaiian
iw Hebrew
hi Hindi
hu Hungarian
is Icelandic
ig Igbo
id Indonesian
ia Interlingua
ga Irish
it Italian
ja Japanese
jw Javanese
kn Kannada
kk Kazakh
rw Kinyarwanda
rn Kirundi
kg Kongo
ko Korean
kri Krio (Sierra Leone)
ku Kurdish
ckb Kurdish (Soranî)
ky Kyrgyz
lo Laothian
la Latin
lv Latvian
ln Lingala
lt Lithuanian
loz Lozi
lg Luganda
ach Luo
mk Macedonian
mg Malagasy
ms Malay
ml Malayalam
mt Maltese
mi Maori
mr Marathi
mfe Mauritian Creole
mo Moldavian
mn Mongolian
sr-ME Montenegrin
ne Nepali
pcm Nigerian Pidgin
nso Northern Sotho
no Norwegian
nn Norwegian (Nynorsk)
oc Occitan
or Oriya
om Oromo
ps Pashto
fa Persian
pl Polish
pt-BR Portuguese (Brazil)
pt-PT Portuguese (Portugal)
pa Punjabi
qu Quechua
ro Romanian
rm Romansh
nyn Runyakitara
ru Russian
gd Scots Gaelic
sr Serbian
sh Serbo-Croatian
st Sesotho
tn Setswana
crs Seychellois Creole
sn Shona
sd Sindhi
si Sinhalese
sk Slovak
sl Slovenian
so Somali
es Spanish
es-419 Spanish (Latin American)
su Sundanese
sw Swahili
sv Swedish
tg Tajik
ta Tamil
tt Tatar
te Telugu
th Thai
ti Tigrinya
to Tonga
lua Tshiluba
tum Tumbuka
tr Turkish
tk Turkmen
tw Twi
ug Uighur
uk Ukrainian
ur Urdu
uz Uzbek
vi Vietnamese
cy Welsh
wo Wolof
xh Xhosa
yi Yiddish
yo Yoruba
zu Zulu
Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 00:01:26,150 --> 00:01:26,810 Okay folks. 2 00:01:26,960 --> 00:01:27,680 Good morning. 3 00:01:28,550 --> 00:01:36,950 Welcome to the first live session of November 3rd month of our mentorship. 4 00:01:38,120 --> 00:01:38,330 All right. 5 00:01:38,330 --> 00:01:43,070 We got the dollar index and we still have a little bit of a void in here. 6 00:01:45,140 --> 00:01:45,289 Now. 7 00:01:45,320 --> 00:01:47,180 Obviously we have FMC today. 8 00:01:47,840 --> 00:01:49,610 So take a look at your economic calendar. 9 00:01:50,210 --> 00:01:52,670 You'll see that later on in New York session. 10 00:01:59,865 --> 00:02:00,195 Okay. 11 00:02:00,225 --> 00:02:06,615 And we may end up closing this range, filling in this void as 12 00:02:06,615 --> 00:02:12,975 a result of the FOMC release at two o'clock in New York time. 13 00:02:14,795 --> 00:02:24,845 That's 2:00 PM New York time, but we have news coming out and about 42 14 00:02:24,845 --> 00:02:30,655 minutes or so for the British pound. 15 00:02:40,355 --> 00:02:40,685 Okay. 16 00:02:40,685 --> 00:02:41,315 So we have. 17 00:03:04,269 --> 00:03:07,399 Okay right. 18 00:03:07,399 --> 00:03:08,420 About these highs in here? 19 00:03:13,600 --> 00:03:19,450 No, we have already started to see a little bit of a push higher 20 00:03:23,130 --> 00:03:28,019 on the day, but that would be expected because of the weakness 21 00:03:28,019 --> 00:03:29,459 that's been seen on the dollar. 22 00:03:35,350 --> 00:03:35,530 Okay. 23 00:03:35,530 --> 00:03:38,380 So we've already had a menstrual run here. 24 00:03:40,965 --> 00:03:41,894 We've already seen price. 25 00:03:41,894 --> 00:03:46,005 Come off of this down candle with this move right here. 26 00:03:59,265 --> 00:04:00,615 Are you gonna hear me assume it for you? 27 00:04:21,284 --> 00:04:21,644 Okay. 28 00:04:22,335 --> 00:04:26,325 So we have this large down candle compared to this one here. 29 00:04:26,325 --> 00:04:29,115 This one is inside of this candle. 30 00:04:29,115 --> 00:04:34,005 So it's really, this is the parent bull shorter block prices dip 31 00:04:34,005 --> 00:04:36,225 down into mean threshold here. 32 00:04:37,820 --> 00:04:40,550 I'll borrow this line just for a second to show you something. 33 00:04:44,340 --> 00:04:48,960 Notice that wick here, the wick here touching the same 34 00:04:48,960 --> 00:04:50,910 level, then hit it again here. 35 00:04:52,840 --> 00:04:54,730 So we've already expanded a little bit in here. 36 00:04:54,760 --> 00:04:55,659 So this is 37 00:05:17,540 --> 00:05:17,690 yeah. 38 00:05:42,055 --> 00:05:46,275 Noting the opening price when New York 39 00:06:05,395 --> 00:06:07,795 set price dip down below the opening price here. 40 00:06:08,725 --> 00:06:12,265 So now when I'm watching core, so you can get a feel for what I'm expecting. 41 00:06:14,245 --> 00:06:17,545 We have, we have FLMC later on in New York. 42 00:06:18,145 --> 00:06:22,225 So my thought process is going into today. 43 00:06:22,675 --> 00:06:25,315 We've already initially seen an initial run and it's fine. 44 00:06:25,315 --> 00:06:25,825 It's okay. 45 00:06:27,205 --> 00:06:28,345 I'm looking at that. 46 00:06:28,825 --> 00:06:29,815 Buying in here. 47 00:06:30,775 --> 00:06:34,225 I want to see price, hopefully drop down into this. 48 00:06:35,445 --> 00:06:36,345 Range right here. 49 00:06:44,235 --> 00:06:44,745 Okay, great. 50 00:07:11,905 --> 00:07:15,835 Now I want to be reminded that this is there as a new trader. 51 00:07:15,965 --> 00:07:20,185 You want to do this, but now the focus is primarily on this level here. 52 00:07:21,625 --> 00:07:26,395 And what I want to see is I want to see price between now and five 30. 53 00:07:27,865 --> 00:07:32,545 Um, preferably if it can stay in this little bit of a range here and not naked. 54 00:07:33,675 --> 00:07:36,905 Well the day, I want to see it stay in this range here and then 55 00:07:36,905 --> 00:07:38,145 at five 30 at the numbers, really. 56 00:07:38,145 --> 00:07:40,005 So I want to see it drop down and hit that level. 57 00:07:41,205 --> 00:07:48,165 I'm allowing it to trade down into this level here to be, to be ideal. 58 00:07:48,765 --> 00:07:51,735 You don't want to see it because already opened on this candle here 59 00:07:51,735 --> 00:07:55,905 traded down to that portion of this down candles already been traded into. 60 00:07:56,355 --> 00:08:00,675 So the only level of sensitivity we're looking for is this candle 61 00:08:00,675 --> 00:08:06,705 here is high 1 22 53 here because we have two consecutive down candles. 62 00:08:08,635 --> 00:08:12,085 So we're looking at a range of a sensitivity here. 63 00:08:18,534 --> 00:08:19,165 Great in here. 64 00:08:20,545 --> 00:08:22,915 So ideally we want to see price dropped down into this. 65 00:08:24,205 --> 00:08:26,305 This would be new buying. 66 00:08:26,725 --> 00:08:30,775 If we can drop down on that news release and the expectation would be. 67 00:08:32,025 --> 00:08:36,135 To see that and then expand up and then reach for the liquidity 68 00:08:36,135 --> 00:08:38,745 in here on a daily chart. 69 00:08:39,164 --> 00:08:48,074 And that's why you see that level 2330 on my intraday chart over here either. 70 00:08:48,074 --> 00:08:50,505 I think that's where the that's where the liquidity is resting right now. 71 00:09:09,814 --> 00:09:09,964 Yeah. 72 00:09:10,025 --> 00:09:19,175 Even if it doesn't get all the way up there, if we get a move from say an entry 73 00:09:19,175 --> 00:09:27,545 of a one to one 20 to 60 to one 20 to 55 in there, if we get a run above the high. 74 00:09:31,210 --> 00:09:35,260 At 22, 85, that's 30 pips. 75 00:09:36,130 --> 00:09:40,780 So that will allow us to bank something and then it it'll be a sweep. 76 00:09:40,780 --> 00:09:41,830 One more time on the highs. 77 00:09:41,830 --> 00:09:43,870 And again, we don't want to see it run from here. 78 00:09:44,410 --> 00:09:48,310 If it runs then just falls off in terms of probabilities. 79 00:09:48,310 --> 00:09:54,340 And the reason why is because of the FMC release later on traders 80 00:09:54,340 --> 00:09:56,500 are going to be wanting to sit on the sidelines going into that. 81 00:09:58,120 --> 00:10:02,440 So between now and New York opening, that's that small 82 00:10:02,440 --> 00:10:03,700 little window of opportunity. 83 00:10:05,050 --> 00:10:07,660 It's usually there for FMC days. 84 00:10:09,820 --> 00:10:13,885 Sometimes it doesn't happen at all, but usually between now and when New 85 00:10:13,885 --> 00:10:19,000 York opens you get that a little bit of a small window where the range 86 00:10:19,000 --> 00:10:22,450 of post for the intraday action. 87 00:10:22,450 --> 00:10:25,900 And then all of a sudden the noise will come out relative to F1. 88 00:10:33,475 --> 00:10:40,615 So in summary again, initially right now, I'm looking for the market to 89 00:10:40,705 --> 00:10:45,835 consolidate in here, not to break down if it does, we moved to the 90 00:10:45,835 --> 00:10:47,275 sidelines, we don't do anything. 91 00:10:47,694 --> 00:10:48,085 Okay. 92 00:10:48,564 --> 00:10:52,755 So if we lose the middle of this down candle here, we moved 93 00:10:52,755 --> 00:10:54,175 to the sidelines and wait. 94 00:10:55,285 --> 00:10:58,194 That means we may not, we may not get a trade. 95 00:11:03,785 --> 00:11:05,345 Folks have discovered my phone number. 96 00:11:09,005 --> 00:11:09,275 Okay. 97 00:11:09,275 --> 00:11:16,655 So the, the upside objective is obviously is a 1 23 30. 98 00:11:18,155 --> 00:11:20,675 And it's the stops relative to the daily charter here. 99 00:11:20,675 --> 00:11:25,740 Now it doesn't mean that if we see run up to that line, That it's over. 100 00:11:25,740 --> 00:11:28,860 It doesn't mean that that's all there's possibly for the daily range. 101 00:11:28,860 --> 00:11:33,900 It could sweep above this high, relative to the daily chart and 102 00:11:33,900 --> 00:11:41,430 then consolidate around there between 2330 to 2320 in that area. 103 00:11:42,090 --> 00:11:45,390 And then it'll hang around there potentially, and then expand up 104 00:11:45,420 --> 00:11:49,190 into when FMC numbers come out. 105 00:11:49,200 --> 00:11:55,470 Two o'clock in the afternoon, New York time, we could see the 23, 80 to 24 106 00:11:55,470 --> 00:11:59,280 big figure as upsides for pound dollar. 107 00:12:00,840 --> 00:12:01,050 Okay. 108 00:12:01,050 --> 00:12:05,520 So right now we're just focusing primarily on it wanting hopefully 109 00:12:05,520 --> 00:12:09,540 to stay right in here, not wanting to run because divide in here. 110 00:12:10,950 --> 00:12:12,870 It's a little too, too rich. 111 00:12:13,110 --> 00:12:13,380 Okay. 112 00:12:13,390 --> 00:12:16,860 It's too much at a premium, at least on a daily range because it's at the 113 00:12:16,860 --> 00:12:18,360 high of the daily range right now. 114 00:12:20,025 --> 00:12:23,915 We want him to see it, come back down a little bit, go into equilibrium or 115 00:12:23,925 --> 00:12:25,694 discount, which is what this will be here. 116 00:12:28,285 --> 00:12:31,165 And it's very, very hard as a new trader, especially in London, 117 00:12:32,185 --> 00:12:35,334 because you're expecting the daily range to be forming a tire low. 118 00:12:36,535 --> 00:12:37,525 And you are, you want to get into it. 119 00:12:37,525 --> 00:12:38,545 You want to rush to get in it. 120 00:12:39,055 --> 00:12:39,775 Don't do that. 121 00:12:39,954 --> 00:12:40,704 Just relax. 122 00:12:41,035 --> 00:12:46,045 Because the wonderful thing about London is when there's not epilepsy, it gives 123 00:12:46,045 --> 00:12:50,425 you an opportunity to miss the boat on London, 10, you gain insight that you 124 00:12:50,425 --> 00:12:54,954 can use going into New York, and you can always potentially salvage something 125 00:12:54,995 --> 00:12:56,214 of the daily range because of that. 126 00:12:56,844 --> 00:12:59,605 See, that's why you have to be really selective about London. 127 00:13:03,324 --> 00:13:08,694 So while this is cooking, okay, we're going to take a look at, um, 128 00:13:09,175 --> 00:13:12,415 the Euro just for completeness. 129 00:13:16,175 --> 00:13:16,564 Okay. 130 00:13:16,595 --> 00:13:26,465 And almost at the low, this can, that we talked about as objectives, uh, 1 11 0 5. 131 00:13:26,495 --> 00:13:35,194 So we had a one 11 big figure to 1 11 45 to one 11 may figure stuff in here. 132 00:13:35,405 --> 00:13:36,605 So we saw continuation. 133 00:13:36,935 --> 00:13:40,025 They still might dip into that a little bit more because there's nothing in 134 00:13:40,025 --> 00:13:43,265 here indicated that should be a barrier. 135 00:13:43,835 --> 00:13:44,615 It's too thin. 136 00:13:44,615 --> 00:13:45,455 It's all the WIC. 137 00:13:48,535 --> 00:13:50,575 So it's been a real nice move off of 138 00:13:53,785 --> 00:13:59,605 the Euro dollar and take a quick look at Europe pound. 139 00:13:59,694 --> 00:14:04,105 And I still think that we're going to make a run at least to try to 140 00:14:04,105 --> 00:14:09,475 get up there and close in this, but be mindful because we're just now 141 00:14:09,505 --> 00:14:11,035 breaching of the bodies of the candles. 142 00:14:12,675 --> 00:14:16,125 Not the wicks and cause the bodies now we're just not getting above that. 143 00:14:16,125 --> 00:14:18,615 So you got to be careful because when we start talking about institutional 144 00:14:19,635 --> 00:14:24,495 order flow and market structure in relationship to that, that's 145 00:14:24,495 --> 00:14:26,084 what you'd only expect to see. 146 00:14:26,084 --> 00:14:29,714 But because of this big run in here, I think they're going to want to 147 00:14:29,714 --> 00:14:32,444 try to re revisit this, this rain. 148 00:14:32,505 --> 00:14:37,444 Cause it wasn't much in terms of liquidity offered up there above 149 00:14:37,444 --> 00:14:40,925 the 90 twos for Euro pounds. 150 00:14:40,954 --> 00:14:42,185 So, um, 151 00:14:45,314 --> 00:14:48,525 given that, I think we'll see a little bit more on the upside for your dollar, 152 00:14:50,895 --> 00:14:57,345 which anyway, limits the, uh, the cable, but we're not really expecting a whole 153 00:14:57,345 --> 00:14:58,905 lot from cable initially right in here. 154 00:14:58,905 --> 00:14:59,204 So, 155 00:15:02,345 --> 00:15:03,485 so far it's behaving. 156 00:15:03,485 --> 00:15:06,814 Like we want, we want to see it stay in this little consolidation and again, 157 00:15:06,814 --> 00:15:09,275 at the numbers release at five 30. 158 00:15:10,935 --> 00:15:13,545 We want to see a drop down into that level there, and then we're 159 00:15:13,545 --> 00:15:14,475 gonna be looking for a loan 160 00:15:18,485 --> 00:15:19,415 dollar CAD. 161 00:15:26,745 --> 00:15:27,075 Okay. 162 00:15:27,075 --> 00:15:34,665 So we've seen that 1 34 0 5 level swept again, and we saw give up the ghost in 163 00:15:34,665 --> 00:15:40,575 here and then I'll talk more about, uh, dollar CAD later on in the day as a recap, 164 00:15:40,605 --> 00:15:42,735 but I just want to visit it real quick. 165 00:15:44,565 --> 00:15:49,095 We've seen that 33 fit. 166 00:15:49,095 --> 00:15:49,605 What is that? 167 00:15:53,395 --> 00:15:56,275 Yeah, 33, 52 than it was 168 00:16:02,065 --> 00:16:03,115 33 53. 169 00:16:03,835 --> 00:16:05,845 Um, there stops resting below that. 170 00:16:07,800 --> 00:16:08,040 More. 171 00:16:08,040 --> 00:16:16,680 So today than there was before, uh, we have had 1, 2, 3 times 172 00:16:16,980 --> 00:16:18,570 the debt levels been touched. 173 00:16:19,770 --> 00:16:21,840 Obviously there's sell stocks below that. 174 00:16:22,290 --> 00:16:23,939 Uh, the market's been going higher. 175 00:16:23,939 --> 00:16:27,300 They swept this level here on 34 0 5. 176 00:16:27,870 --> 00:16:30,600 They've held it in consolidation at the same time. 177 00:16:32,280 --> 00:16:34,890 Just the dollar itself has been really, really weak. 178 00:16:35,460 --> 00:16:39,150 So at some point the U S cat's going to have to snap and get with the program. 179 00:16:40,590 --> 00:16:44,069 And it means come down here and clear out these stops in a more convincing fashion. 180 00:16:44,640 --> 00:16:52,080 And we identified these levels in here as potential downside objectives for dollar 181 00:16:52,080 --> 00:16:56,460 K and I'll leave yet to you to go back and watch the recordings made about that. 182 00:16:59,130 --> 00:17:02,069 I think that's where we're going to see price reach down in there. 183 00:17:03,060 --> 00:17:04,859 We may see that as a result of. 184 00:17:08,365 --> 00:17:13,105 Justify 30 numbers alone, uh, could, uh, could cause the 185 00:17:13,105 --> 00:17:14,935 static that would be necessary. 186 00:17:15,595 --> 00:17:20,605 Um, you can see, we only really just worked that 1 34 0 5 level. 187 00:17:20,605 --> 00:17:25,045 And again, I mean, maximize this, you can see why that was even mentioned. 188 00:17:27,175 --> 00:17:29,485 Cease, equal highs up in here. 189 00:17:30,805 --> 00:17:34,015 It's all I was looking for here and against the daily chart. 190 00:17:34,045 --> 00:17:36,235 So that's where the liquidity would be. 191 00:17:36,565 --> 00:17:40,915 And I'm not calling a top on the same that that's where mark was going to reach her. 192 00:17:42,415 --> 00:17:45,835 And we've since seen it, revisit that, that level a couple of different times 193 00:17:45,835 --> 00:17:48,505 with no meaningful movement higher. 194 00:18:05,040 --> 00:18:06,570 So far it's behaving still. 195 00:18:06,570 --> 00:18:07,020 That's good. 196 00:18:25,939 --> 00:18:29,870 Now, some of you, some of you may be looking at this and saying, 197 00:18:29,870 --> 00:18:38,090 okay, the market is moved up after midnight in New York time. 198 00:18:39,740 --> 00:18:42,110 And what about this void over here, Michael? 199 00:18:43,340 --> 00:18:46,129 Isn't this is something that's significant. 200 00:18:46,129 --> 00:18:47,330 Should we be concerned about this? 201 00:18:47,570 --> 00:18:47,960 Yes. 202 00:18:48,050 --> 00:18:48,770 You take a note of it. 203 00:18:49,340 --> 00:18:49,669 Okay. 204 00:18:50,290 --> 00:18:52,040 Obviously know there's a range in here. 205 00:19:06,545 --> 00:19:10,715 This is our gap. 206 00:19:12,755 --> 00:19:12,965 Yeah. 207 00:19:12,965 --> 00:19:19,595 The range on this up candle, we've had it traded to twice in here with 208 00:19:19,595 --> 00:19:23,195 this first run up here, then it came off the high, then the next 209 00:19:23,195 --> 00:19:24,785 candle, which created a big run. 210 00:19:25,385 --> 00:19:28,085 It ran through this whole area right in here. 211 00:19:29,045 --> 00:19:31,955 So this whole area in range has been traded to twice. 212 00:19:32,225 --> 00:19:35,195 Even though we have a wickier it's been offered twice 213 00:19:35,465 --> 00:19:38,705 through the market comes down. 214 00:19:39,155 --> 00:19:42,485 This portion of the up candle has been traded to twice with this, with down here. 215 00:19:42,875 --> 00:19:45,665 So this is the exposed area or where there's a gap. 216 00:19:47,495 --> 00:19:48,305 I do see it. 217 00:19:48,425 --> 00:19:49,205 I'm aware of it. 218 00:19:49,385 --> 00:19:49,745 Okay. 219 00:19:49,775 --> 00:19:52,445 But my thought processes, and I really don't want to seem to run here. 220 00:19:53,505 --> 00:19:55,505 It runs it's going to be a wash for the morning. 221 00:19:56,195 --> 00:19:59,045 And I would really, really like for this thing to give us an opportunity to trade. 222 00:20:00,195 --> 00:20:06,284 Then everybody wanted to want to see London, but we've seen this, this 223 00:20:06,284 --> 00:20:10,574 run-up the markets, uh, may reign in a consolidation, but inside the 224 00:20:10,574 --> 00:20:15,165 consolidation, like we've seen the stops below this low and below this 225 00:20:15,165 --> 00:20:17,145 low, they have been swept right here. 226 00:20:19,074 --> 00:20:19,495 Okay. 227 00:20:19,645 --> 00:20:20,725 So the market moved up. 228 00:20:21,685 --> 00:20:22,044 Okay. 229 00:20:22,074 --> 00:20:24,564 And then we had, short-term low in here. 230 00:20:24,564 --> 00:20:25,915 Violated rate here. 231 00:20:28,105 --> 00:20:28,824 We've run. 232 00:20:30,235 --> 00:20:31,855 We've broken market structure up here. 233 00:20:33,865 --> 00:20:37,344 It should have white out right here already. 234 00:20:37,344 --> 00:20:40,435 It should have just washed out, went lower, even with the 235 00:20:40,435 --> 00:20:43,495 news coming out less than, uh, 236 00:20:46,615 --> 00:20:49,435 well, 23 minutes. 237 00:20:54,594 --> 00:20:57,074 So I liked the fact that we've poked through yesterday. 238 00:21:00,125 --> 00:21:04,625 With no convincing selling, we've shown a willingness to support 239 00:21:04,625 --> 00:21:05,885 this down candle for buying. 240 00:21:06,815 --> 00:21:09,635 We went below the opening here, the algo showed a willingness 241 00:21:09,635 --> 00:21:10,445 to want to run higher. 242 00:21:10,445 --> 00:21:10,955 It did. 243 00:21:12,065 --> 00:21:14,405 Then we recapitalized this down candle. 244 00:21:14,405 --> 00:21:17,795 So they, they allowed some new buying in here and now they're doing 245 00:21:17,795 --> 00:21:23,345 exactly what we would hope to see holding in a range it's pausing. 246 00:21:24,185 --> 00:21:24,515 Okay. 247 00:21:25,475 --> 00:21:32,765 So we have a bit of upside objective still, and that may be all that's 248 00:21:32,765 --> 00:21:39,155 necessary for it to run up there and hit that 2330 level 2335. 249 00:21:40,775 --> 00:21:47,755 It could expand, it could expand rather 2350 and then it could tell us on a 250 00:21:47,755 --> 00:21:53,075 little bit, uh, of, of, uh, selling back down into 2280 because of FMC. 251 00:21:53,615 --> 00:21:55,865 And that's why it's gotta be real quick. 252 00:21:55,865 --> 00:21:56,495 It's gotta be nimble. 253 00:21:58,415 --> 00:22:03,125 And we have to wait for the tray down into this range in here. 254 00:22:03,815 --> 00:22:03,995 Okay. 255 00:22:03,995 --> 00:22:09,695 So as soon as it hits that level here, you'll see me execute along and I'll 256 00:22:09,695 --> 00:22:12,845 put a stop loss, um, about 30 pips. 257 00:22:15,764 --> 00:22:18,225 And we'll see if we can get, uh, 20 to 30 out of it. 258 00:22:18,705 --> 00:22:22,305 But if it runs in here ahead of the news, we got to wait. 259 00:22:24,225 --> 00:22:30,405 It's far less likely or probable for to say it runs here and goes higher. 260 00:22:30,735 --> 00:22:32,145 And then it comes back down into that. 261 00:22:32,445 --> 00:22:33,825 I don't like that so much. 262 00:22:34,485 --> 00:22:36,764 I like to see a drop down in, on the news. 263 00:22:37,425 --> 00:22:42,175 And then after that, see the, the market expand again. 264 00:22:42,175 --> 00:22:45,145 We w when we look at the economic calendar, we're not trying 265 00:22:45,145 --> 00:22:48,115 to pick the fundamental data. 266 00:22:48,925 --> 00:22:49,375 Okay. 267 00:22:49,465 --> 00:22:53,514 What we're trying to do is anticipate where the algorithm will. 268 00:22:55,280 --> 00:22:55,880 Liquidity. 269 00:22:56,390 --> 00:22:59,000 And there's going to be willing buyers down in here. 270 00:22:59,750 --> 00:22:59,960 Yeah. 271 00:22:59,960 --> 00:23:04,610 That will allow those orders to trip and then expand up to go to 272 00:23:04,610 --> 00:23:09,170 the most logical area, which will be the daily highs over here. 273 00:23:09,410 --> 00:23:12,710 There's going to be buy stops to my would we want that is 274 00:23:12,710 --> 00:23:15,860 because the market's showing an interest in wanting to go higher. 275 00:23:16,400 --> 00:23:22,760 So we know today's a long book right now that book can profit by selling its 276 00:23:22,760 --> 00:23:26,480 longs to willing buy stops above 2330. 277 00:23:27,410 --> 00:23:29,000 So we know there's, there's liquidity up here. 278 00:23:29,570 --> 00:23:33,860 Uh, there there's small number of liquidity in terms of buyers 279 00:23:33,950 --> 00:23:35,270 in a previous high yesterday. 280 00:23:35,660 --> 00:23:40,190 We saw that, but notice how they are keeping price real tight after 281 00:23:40,190 --> 00:23:45,410 that, because while they scaled something off here, they're really 282 00:23:45,410 --> 00:23:50,180 looking to book their profits about 2330 and maybe even high as 24. 283 00:23:53,580 --> 00:23:57,689 So that's what we're, that's what we're waiting to see unfold for today. 284 00:25:12,855 --> 00:25:20,265 Well, we're going to be doing a lot more of pre-market analysis and kind 285 00:25:20,265 --> 00:25:24,525 of like set it up and framework what you just saw me outline and why I 286 00:25:24,525 --> 00:25:27,225 was talking about what I was talking about and why this is important 287 00:25:27,855 --> 00:25:30,675 and why the 2330 levels important. 288 00:25:31,185 --> 00:25:35,235 Um, that's actually going to be sent to you by way of charts. 289 00:25:36,135 --> 00:25:40,635 Uh, I'm not going to be doing videos at 1230 or one o'clock in the morning, 290 00:25:40,935 --> 00:25:45,915 my time, because it's a lot of video work and you'll be expected to see. 291 00:25:47,040 --> 00:25:48,060 That video recording. 292 00:25:48,810 --> 00:25:51,120 And I don't want to be doing the recordings and editing 293 00:25:52,080 --> 00:25:53,040 during that time of day. 294 00:25:53,490 --> 00:25:57,990 So it'll all be done through charts and that way you'll have the framework with 295 00:25:57,990 --> 00:26:02,310 all the notations and such that will give you the idea of what I'm expecting. 296 00:26:02,550 --> 00:26:08,490 And then when the live session is due to just set up the signal for us to be 297 00:26:08,490 --> 00:26:15,120 watching and studying the price action for a learning experience or drill, the 298 00:26:15,720 --> 00:26:20,040 live session will begin right before that, like today was a little bit early. 299 00:26:20,640 --> 00:26:26,670 Um, usually like for instance, for a five 30 event, um, it'll usually be around like 300 00:26:26,670 --> 00:26:28,770 right now we would start the live session. 301 00:26:30,180 --> 00:26:33,510 Give me about 15, 20 minutes before the actual setup. 302 00:26:33,870 --> 00:26:38,370 Cause you already had the framework of what I'm expecting relative to 303 00:26:38,940 --> 00:26:44,760 the charts and analysis I share on around 1230, my time in New York. 304 00:27:03,950 --> 00:27:10,430 Dominate, um, in, uh, north America, specifically in the state of Maryland. 305 00:27:11,780 --> 00:27:15,500 So I'm on east coast time or basically the same time New York time is, 306 00:27:25,890 --> 00:27:29,040 did I ever trade London on a nine to five job? 307 00:27:29,310 --> 00:27:34,200 Um, I actually traded the S and P pre after midnight, New York time. 308 00:27:35,220 --> 00:27:36,300 And I would usually trade it up. 309 00:27:36,300 --> 00:27:39,690 So two o'clock in the morning and then I'd have something I'd hold on to. 310 00:27:39,960 --> 00:27:44,310 But that was back when that was trading global X. 311 00:27:57,305 --> 00:28:03,755 But only the folks that did not send me their satisfaction for the 312 00:28:03,755 --> 00:28:05,585 delivery of the content for October. 313 00:28:05,825 --> 00:28:06,005 Yeah. 314 00:28:06,025 --> 00:28:06,575 October. 315 00:28:07,325 --> 00:28:12,965 Um, they're the ones that have not received the November information in 316 00:28:12,965 --> 00:28:16,175 their username and password, because I told you that's what has to happen? 317 00:28:16,655 --> 00:28:17,555 I did video work. 318 00:28:17,555 --> 00:28:20,705 I did post on our forum and I did tweets. 319 00:28:20,885 --> 00:28:22,925 So I'm not sure why everyone's ignoring that. 320 00:28:22,925 --> 00:28:27,125 But, uh, I had a couple of people say they've been ill and they've not 321 00:28:27,125 --> 00:28:30,245 watched any of the videos since August. 322 00:28:30,615 --> 00:28:35,345 So they can't give me a, uh, uh, a satisfaction survey. 323 00:28:35,885 --> 00:28:37,265 And I find it a little hard to believe. 324 00:28:37,415 --> 00:28:39,845 I'm sorry, but you've not been here that long enough. 325 00:28:40,755 --> 00:28:41,145 Nothing. 326 00:28:41,355 --> 00:28:41,595 Okay. 327 00:28:41,595 --> 00:28:47,045 So either tell me, you've got what you supposed to got or yeah. 328 00:28:47,045 --> 00:28:47,925 It's time for you to go. 329 00:29:00,295 --> 00:29:01,705 I saw a couple of them come in. 330 00:29:04,165 --> 00:29:08,575 Yeah, I really, I mean, I'm not saying that somebody has not been sick or 331 00:29:08,575 --> 00:29:14,155 something or had an issue in their family, but since August 21st to say, 332 00:29:14,155 --> 00:29:16,975 you've not watched anything, but yet you still keep making the monthly payments. 333 00:29:18,055 --> 00:29:20,665 And then when I asked for proof that you got what you were supposed to 334 00:29:20,665 --> 00:29:21,955 get, you don't want to supply it. 335 00:29:22,375 --> 00:29:25,435 It looks a little flesh at those, a little fishy because you know, once you give 336 00:29:25,435 --> 00:29:28,255 that to me, your chargebacks impossible. 337 00:29:37,085 --> 00:29:41,375 So that you won't be getting your November, uh, username until you do that. 338 00:29:57,065 --> 00:29:59,165 No, I'm not going to be making a new Twitter every month. 339 00:30:00,995 --> 00:30:04,535 I did that because it's a couple of people change their Twitter accounts 340 00:30:04,535 --> 00:30:09,275 and move things around because they were asking questions or sending 341 00:30:09,275 --> 00:30:14,045 stuff with their followers, watching, and folks are still doing that. 342 00:30:14,495 --> 00:30:19,115 They're sending tweets with pictures or, or things that we're supposed to 343 00:30:19,115 --> 00:30:21,785 be keeping in the mentorship, private, 344 00:30:24,785 --> 00:30:28,985 and I've reached out to some of them and they asked them to the change. 345 00:30:30,435 --> 00:30:32,205 Or dumped their, uh, their followers. 346 00:30:32,205 --> 00:30:34,035 And most people don't want to do that because it's too hard to get 347 00:30:34,035 --> 00:30:36,254 Twitter followers unless you buy them. 348 00:30:48,905 --> 00:30:49,115 All right. 349 00:30:49,115 --> 00:30:50,105 Let's focus folks. 350 00:30:50,524 --> 00:30:55,145 It's, it's just very easy for me to be distracted and the whole thing on volt. 351 00:30:55,145 --> 00:30:57,754 And if I miss it, it'd be a little bit embarrassing. 352 00:30:57,754 --> 00:30:59,075 Cause we're chattering. 353 00:31:50,155 --> 00:31:50,544 Okay. 354 00:31:50,544 --> 00:31:53,995 So it looks like we might drop down in there again. 355 00:31:53,995 --> 00:31:55,044 I'd really, really like to see it. 356 00:31:55,044 --> 00:31:56,935 Stay here, not do it yet. 357 00:32:12,715 --> 00:32:13,975 I'm on a 30 minute chart. 358 00:32:14,364 --> 00:32:18,504 Um, um, answering a question I saw before I closed the little window, 359 00:32:18,584 --> 00:32:22,485 everyone's commenting in the. 360 00:32:25,094 --> 00:32:29,324 And just as a point of reference, a lot of folks have been asking, 361 00:32:30,135 --> 00:32:33,554 where am I supposed to ask questions at when we're doing live sessions? 362 00:32:34,334 --> 00:32:39,435 And I'm not really trying to encourage that because chances are about 98% 363 00:32:39,435 --> 00:32:43,725 of you won't have your question answered is I'm focusing more on these 364 00:32:44,715 --> 00:32:46,274 candles than I am your questions. 365 00:32:47,415 --> 00:32:50,024 If I focus on every question could possibly come across 366 00:32:50,294 --> 00:32:53,415 during a live session, I would never be able to see price. 367 00:32:54,044 --> 00:32:55,725 And basically you'll be coming into care. 368 00:32:56,774 --> 00:32:58,935 I'll be looking at you instead of following price, 369 00:33:02,665 --> 00:33:03,534 which is the benefit. 370 00:33:03,534 --> 00:33:05,754 And that's why some folks are in their survey. 371 00:33:05,754 --> 00:33:10,165 And I appreciate your honesty, but you're saying you don't like the, uh, the market 372 00:33:10,165 --> 00:33:15,715 reviews because you learn more from watching live trades and I get that, but 373 00:33:15,715 --> 00:33:21,175 you really asking to get live trades for the money because it reviews the same day. 374 00:33:29,845 --> 00:33:33,445 But I like the 30 minute chart because it's given me very clear references 375 00:33:34,045 --> 00:33:37,315 to where the market moved away from the opening price, where that 376 00:33:37,315 --> 00:33:41,305 were Bach begins, and potentially this one here starting a little 377 00:33:41,305 --> 00:33:44,425 bit earlier at that 2253 level. 378 00:33:47,895 --> 00:33:49,425 If we go down into a 15, 379 00:33:53,835 --> 00:33:58,005 we had this one here, but the main threshold is still this lower one 380 00:33:58,005 --> 00:33:59,685 here, which is what I want to see. 381 00:33:59,685 --> 00:34:01,185 I want to see it get down in there and hit that. 382 00:34:01,665 --> 00:34:02,625 I want that one. 383 00:34:03,855 --> 00:34:07,845 It may only give me this level here, 2253, and never even dropped below 384 00:34:07,845 --> 00:34:10,245 that, or I could be completely wrong. 385 00:34:10,905 --> 00:34:13,304 And it's this runs right on through, on the news. 386 00:34:18,355 --> 00:34:20,784 But given it's FMC day, I think. 387 00:34:22,095 --> 00:34:22,905 Drop it down. 388 00:34:23,625 --> 00:34:29,985 Use the news to masquerade that want you to draw and then maybe see it run to 2330. 389 00:34:31,125 --> 00:34:32,205 That's my expectation. 390 00:34:32,205 --> 00:34:36,825 Now again, if we lose, we lose the middle of that order block that 391 00:34:36,825 --> 00:34:39,525 we had on the 30 minute chart, which I'm going to go back out to. 392 00:34:39,525 --> 00:34:42,405 Cause I don't want to watch the 15 minutes here because I 393 00:34:42,405 --> 00:34:43,485 think it's a little too noisy. 394 00:34:45,625 --> 00:34:49,735 And by that, I mean, it's too busy, too much, too many whips on the up and down. 395 00:34:49,735 --> 00:34:51,655 And I want to watch it though right into this level here. 396 00:36:04,910 --> 00:36:07,080 Again, this is to the numbers. 397 00:36:07,080 --> 00:36:07,470 That's guarantee. 398 00:36:07,470 --> 00:36:07,890 Come out. 399 00:36:08,010 --> 00:36:09,060 The construction PMI. 400 00:36:12,000 --> 00:36:14,880 So that's the number or waiting for it to get some kind of a knee-jerk 401 00:36:14,880 --> 00:36:18,090 reaction and price tie impact. 402 00:36:20,590 --> 00:36:23,680 So that's why we're focusing on this specific time of the day 403 00:36:24,010 --> 00:36:25,360 for this particular currency. 404 00:36:27,280 --> 00:36:31,240 And we don't see anything else until against the dollar until quarter 405 00:36:31,240 --> 00:36:32,950 after eight in New York time. 406 00:36:39,840 --> 00:36:40,170 Okay. 407 00:36:40,170 --> 00:36:40,980 So we're about there. 408 00:36:41,460 --> 00:36:42,060 Let's get ready. 409 00:37:06,130 --> 00:37:08,980 I got seven minutes left until the numbers here. 410 00:37:37,915 --> 00:37:39,715 I like how it's staying above the area. 411 00:37:39,715 --> 00:37:41,935 I want to see it go into be poor. 412 00:37:43,525 --> 00:37:46,795 Or actually after, soon as the numbers release, I want to see a 413 00:37:46,795 --> 00:37:49,435 drop down in between these two lines. 414 00:37:50,424 --> 00:37:53,695 And I want to see the price hit this level right there at the time the 415 00:37:53,695 --> 00:37:59,815 numbers release when it does that, I'm going to wait maybe five, 10 seconds. 416 00:37:59,815 --> 00:38:03,445 If I can wait that long, I want to see if it drops down into this candle here. 417 00:38:03,535 --> 00:38:06,625 If it reaches into this candle, Swick here. 418 00:38:08,560 --> 00:38:09,940 I might wait a little bit longer. 419 00:38:10,540 --> 00:38:10,900 Okay. 420 00:38:10,960 --> 00:38:15,250 I want to see after five, 10 seconds after the numbers hit, once it hits this 421 00:38:15,250 --> 00:38:18,310 level here, does it want to go below it? 422 00:38:19,240 --> 00:38:22,509 Because if it does, I'll wait, I'll wait a little bit longer 423 00:38:22,779 --> 00:38:25,210 before I take the, uh, the entry, 424 00:38:28,240 --> 00:38:31,150 but I want to see it stay up above and go down into it. 425 00:38:31,150 --> 00:38:32,620 As a result of the numbers release. 426 00:38:32,860 --> 00:38:33,549 That's what I want. 427 00:38:34,810 --> 00:38:35,710 Then I'll take the long, 428 00:38:42,430 --> 00:38:48,860 because the closer I can get to entering to this candle's high, the 429 00:38:48,860 --> 00:38:53,120 closure I'll be in terms of where to start, needs to be around one 430 00:38:53,120 --> 00:39:00,620 20 to 25, or I'm sorry, a 1 22 15. 431 00:39:01,430 --> 00:39:02,840 We're going to have a 30 PIP stop on this. 432 00:39:16,395 --> 00:39:17,565 Actually I have to said that wrong. 433 00:39:18,195 --> 00:39:19,005 Just call it myself. 434 00:39:19,515 --> 00:39:24,215 We're going to have a, we'll have a 30 PIP stop, which will be at 1 435 00:39:24,215 --> 00:39:26,145 22 25, which will be below here. 436 00:39:27,885 --> 00:39:30,465 We're trying to get along around 1 22 55. 437 00:39:31,245 --> 00:39:32,565 That's probably where we're going to average it. 438 00:39:33,765 --> 00:39:35,205 Maybe we can get this level hit here. 439 00:39:37,305 --> 00:39:39,825 I apologize if you hear my stomach round, cause I have not eaten 440 00:39:39,825 --> 00:39:42,885 breakfast and it's telling me, Hey man, you've been up for about 45 minutes. 441 00:39:42,885 --> 00:39:43,665 You ain't done nothing yet. 442 00:39:43,695 --> 00:39:43,965 Eat 443 00:39:48,675 --> 00:39:49,455 four minutes. 444 00:40:21,035 --> 00:40:23,135 The top one that we're looking for here. 445 00:41:07,379 --> 00:41:11,879 I want to see dollar state below 97, 65. 446 00:41:13,109 --> 00:41:13,169 Yeah. 447 00:41:29,589 --> 00:41:34,859 Two minutes numbers or release so far, it's behaving nicely 448 00:41:40,830 --> 00:41:41,790 to the ideas. 449 00:41:41,879 --> 00:41:47,460 When the numbers hit in about a minute and a half, we want to see a drop down into 450 00:41:51,169 --> 00:41:54,859 2248, preferably. 451 00:41:55,250 --> 00:41:59,029 Um, if it does that, I'll assume a long position. 452 00:41:59,029 --> 00:41:59,089 Yeah. 453 00:42:01,480 --> 00:42:08,860 And then I can take off half of it at 2285, hopefully given about 30 pips. 454 00:42:09,700 --> 00:42:15,280 And then I'll leave the remaining portion on to see if I can get 22. 455 00:42:15,340 --> 00:42:16,480 I'm sorry, 2330. 456 00:42:17,620 --> 00:42:18,040 That's it. 457 00:42:18,070 --> 00:42:19,570 That's the plan. 458 00:42:21,910 --> 00:42:26,440 And I'll tell you that if it gets to 20 to 30 on second portion, I will take all that 459 00:42:26,440 --> 00:42:31,930 off there and then go flat for the rest of the day, watching FMC from the sidelines. 460 00:42:33,100 --> 00:42:38,470 If it gives me an entry and I take along and it takes my star, I'm not 461 00:42:38,470 --> 00:42:40,240 interested in doing anything else today. 462 00:42:40,360 --> 00:42:41,560 I will move to the sidelines in. 463 00:42:41,560 --> 00:42:45,100 Yes, I'm comfortable with taking a loss going into the close that's 464 00:42:45,100 --> 00:42:48,310 the case because of again, FMC. 465 00:42:56,550 --> 00:42:56,850 Okay. 466 00:42:56,850 --> 00:42:57,509 And we're almost there. 467 00:43:07,555 --> 00:43:08,395 Less than one minute. 468 00:43:26,635 --> 00:43:27,755 It's about time. 469 00:44:15,335 --> 00:44:18,395 It shouldn't be, it should drop down in there. 470 00:45:03,910 --> 00:45:05,020 High impact news, buddy. 471 00:45:05,200 --> 00:45:05,710 This is it. 472 00:45:07,150 --> 00:45:07,930 High impact 473 00:45:12,279 --> 00:45:13,330 impact on your patients. 474 00:45:13,330 --> 00:45:13,900 That's what it is. 475 00:46:06,975 --> 00:46:10,815 Well, that's pretty lackluster on 476 00:46:18,915 --> 00:46:20,505 the Queens, in the room with us today. 477 00:46:23,925 --> 00:46:24,305 He's doing 478 00:46:39,615 --> 00:46:43,225 would be very disenchanting to see it go from here and not give me the levels. 479 00:46:44,670 --> 00:46:45,300 But that's life. 480 00:46:45,330 --> 00:46:49,740 That's how trading sometimes happens in the natural impulses as well. 481 00:46:49,770 --> 00:46:50,760 It could be wanting right now. 482 00:46:50,760 --> 00:46:52,020 Why don't you just buy it right now? 483 00:46:52,920 --> 00:46:54,630 Because it doesn't make sense for me to buy it here. 484 00:46:54,630 --> 00:47:00,900 When my plan says it's got to go down here first, remember these 485 00:47:00,900 --> 00:47:05,400 things repeat if it doesn't give you the, the price you're looking for. 486 00:47:06,060 --> 00:47:07,230 Wait for the one that does 487 00:47:21,990 --> 00:47:25,110 no, I haven't looked at the questions tab, but I'm quite sure some of you, 488 00:47:25,770 --> 00:47:30,150 at least one of you somewhere is thinking, why am I thinking by today? 489 00:47:32,860 --> 00:47:34,390 The daily has a down candle here. 490 00:47:35,560 --> 00:47:37,540 We broke through that candle here. 491 00:47:39,360 --> 00:47:40,110 So that gives us. 492 00:47:42,924 --> 00:47:46,674 Justification and believe they was buying down here and we could 493 00:47:46,674 --> 00:47:49,674 expand that was an impulse price swing, and just run up above here. 494 00:47:49,674 --> 00:47:54,145 And that's all that's necessary to be profitable because it 495 00:47:54,145 --> 00:47:55,794 gives us a tradable range. 496 00:48:00,464 --> 00:48:05,895 Now, the fact that we've waited this long, if it drops down in here now, 497 00:48:07,214 --> 00:48:11,234 while it still could go up to those levels, we just outlined, I get far 498 00:48:11,234 --> 00:48:16,964 less excited about it because we're basically going into lunchtime, London. 499 00:48:20,984 --> 00:48:25,335 So it's a little bit of a, um, a lackluster event. 500 00:48:47,625 --> 00:48:52,665 Now as an exercise, as a side note or side study, you can, you can 501 00:48:52,665 --> 00:48:55,605 look at doing this right now, from where it's at and say, okay, I'm 502 00:48:55,605 --> 00:48:56,615 going to look at this Martin San. 503 00:48:56,615 --> 00:48:58,545 I'm going to go along from where we are right now. 504 00:48:58,695 --> 00:48:59,445 I'm not buying it. 505 00:48:59,505 --> 00:49:03,675 Notice I'm not clicking on anything, but I'm saying for your notes, just 506 00:49:03,675 --> 00:49:05,505 for the sake of experience only. 507 00:49:06,195 --> 00:49:06,585 So, okay. 508 00:49:06,585 --> 00:49:11,175 Say you were willing to take a long for one standard lot at that 509 00:49:11,205 --> 00:49:14,205 1 22 55 level or 1 22 50 level. 510 00:49:15,465 --> 00:49:15,675 Okay. 511 00:49:15,675 --> 00:49:20,445 If you were willing to do that by buying it at this premium right 512 00:49:20,445 --> 00:49:25,755 now, you could buy it as a study with a half of one standard lot. 513 00:49:26,745 --> 00:49:32,535 That way it would permit you the same reasonable amount of rent. 514 00:49:33,850 --> 00:49:37,149 Because you're using half the position, but you're buying it at an inflated price. 515 00:49:37,330 --> 00:49:39,970 You're buying it above or premium to where you would want to buy it. 516 00:49:40,720 --> 00:49:43,209 And your stock would still be at a 20 to 25. 517 00:49:44,890 --> 00:49:51,100 And in that way you have at least a portion on in case it was the run. 518 00:49:51,609 --> 00:49:51,939 Okay. 519 00:49:52,000 --> 00:49:55,089 I'm not going to do that today, but I'm going to tell you to do that here. 520 00:49:55,149 --> 00:49:58,330 As, as a study, you guys will be doing a lot of that in the mentorship 521 00:49:58,359 --> 00:50:03,640 where we'll have levels where we really want to be a buyer, but we 522 00:50:03,640 --> 00:50:06,279 can take small portions and scaling. 523 00:50:06,609 --> 00:50:07,450 And that's really what this is. 524 00:50:07,450 --> 00:50:12,850 We're scaling into the position and that's one that's wonderful when you 525 00:50:12,850 --> 00:50:17,589 don't get the actual level, you're really aiming for, to get a full entry. 526 00:50:18,430 --> 00:50:21,580 Uh, you can actually scale in a small portion of what you would 527 00:50:22,810 --> 00:50:24,549 hope to have on as a full position. 528 00:50:24,549 --> 00:50:28,149 In other words, if you're trying to buy, say you wanted to buy 10 standards down 529 00:50:28,149 --> 00:50:32,910 here, Well, if it's pausing here and it's giving an indication that it may 530 00:50:32,910 --> 00:50:37,470 not go down into that level, you can cut that position you wanted to have 531 00:50:37,800 --> 00:50:42,600 in half, or even do one quarter of it at the premium and use the same stop. 532 00:50:42,990 --> 00:50:45,660 And you're going to be risking far less than you would have with 533 00:50:45,660 --> 00:50:47,040 a full position on down here. 534 00:50:48,270 --> 00:50:51,630 And you get a chance to get a free look at that market, 535 00:50:51,630 --> 00:50:52,920 potentially moving in your favor. 536 00:50:53,310 --> 00:50:55,350 Um, and it's not free in case. 537 00:50:55,800 --> 00:50:57,770 You're wondering what I mean by free. 538 00:50:57,790 --> 00:51:01,920 No, you're just getting a, uh, an opportunity to, to be in on the move. 539 00:51:01,920 --> 00:51:04,440 Should it take place now? 540 00:51:04,440 --> 00:51:07,920 I don't want to foster the idea that you're, you're having to take a trade 541 00:51:07,920 --> 00:51:11,940 because you're afraid of missing the move, but there's going to be times 542 00:51:11,940 --> 00:51:16,290 where as you're watching price, it just shows a real strong indication 543 00:51:16,290 --> 00:51:19,230 that it's not going to give you the, the initial level you're looking for. 544 00:51:20,100 --> 00:51:24,900 And today may end up being one of those scenarios because of FMC, 545 00:51:24,900 --> 00:51:27,540 because they know they have a small little window between them. 546 00:51:28,350 --> 00:51:33,450 An 8, 15, 8 30, uh, the closed that, that opportunity for the day, 547 00:51:33,450 --> 00:51:37,470 because everyone's going to be on the sidelines, waiting for the FMC, 548 00:51:39,939 --> 00:51:42,879 which is hours away, long time away. 549 00:51:42,910 --> 00:51:48,939 But in the financial markets, it's, it's important to understand 550 00:51:48,939 --> 00:51:50,020 that's what they end up doing. 551 00:51:51,129 --> 00:51:54,669 They moved to the sidelines after New York, P 30 news embargo lifts. 552 00:51:55,450 --> 00:51:59,709 And usually it's the, of real choppy lackluster day until FMC comes out. 553 00:52:21,979 --> 00:52:23,379 I think that's what we're going to see today. 554 00:52:23,379 --> 00:52:23,879 We're going to probably. 555 00:52:27,255 --> 00:52:31,905 Cable not give me my price and it's probably going to run and I'm going 556 00:52:31,905 --> 00:52:36,375 to be upset about that because I, here I am, I have your attention and 557 00:52:36,375 --> 00:52:37,575 it doesn't give me the price I want. 558 00:53:21,030 --> 00:53:27,810 Um, there's two things I saw you guys put up in the questions box in the live 559 00:53:27,810 --> 00:53:29,220 session for those that are here, lie. 560 00:53:30,030 --> 00:53:34,110 Uh, one of them was do I think that this lackluster price action has 561 00:53:34,110 --> 00:53:39,180 anything to do with the elections year, but still the Euro's really moving. 562 00:53:39,960 --> 00:53:49,080 Um, so it's not entirely that the trade I think is in Euro pound, which is 563 00:53:49,560 --> 00:53:53,970 the reason why you're seeing all this choppiness and the other one was, is 564 00:53:53,970 --> 00:53:59,520 why don't I see that as a turtle soup, sell, breaking above this previous high. 565 00:53:59,850 --> 00:54:01,710 I mentioned that earlier in the presentation. 566 00:54:01,710 --> 00:54:03,990 So if you just go here, go back and watch the recording. 567 00:54:03,990 --> 00:54:07,200 You'll see me talk about why I believe we're going to see it go up 568 00:54:07,320 --> 00:54:09,990 versus this being a high the day. 569 00:54:13,710 --> 00:54:16,080 It was all during the time of talking about this liquidity void. 570 00:54:16,799 --> 00:54:18,870 And it's all based on the fact that we're looking at a daily chart, 571 00:54:18,900 --> 00:54:20,310 I'm really trading the daily chart. 572 00:54:20,340 --> 00:54:22,350 I'm not trading a 30 minute pounds. 573 00:54:24,040 --> 00:54:27,990 I hour, I see the levels on here, but I'm really trading the daily chart. 574 00:54:28,980 --> 00:54:33,000 I'm looking for the stops above 2330. 575 00:54:33,840 --> 00:54:36,029 That's where the liquidity is going to draw a price. 576 00:54:36,750 --> 00:54:41,370 So I'm looking up here, not because it's on a 30 minute chart, but because 577 00:54:41,370 --> 00:54:42,960 I see it over here on the daily, 578 00:54:47,980 --> 00:54:53,490 now I can tell you, I know what it feels like to watch that. 579 00:54:55,225 --> 00:54:58,675 And you want to be a buyer down here and it's showing you probably, 580 00:54:59,305 --> 00:55:00,295 it's not going to give it to us. 581 00:55:00,685 --> 00:55:02,575 It's going to run you without us. 582 00:55:02,955 --> 00:55:06,375 And if it goes to 2330, it would be like, oh man, I would have 583 00:55:06,385 --> 00:55:08,965 rather just give me a position. 584 00:55:08,995 --> 00:55:10,105 Let me stop out. 585 00:55:10,165 --> 00:55:15,205 You know, didn't just run away from me and tease me and I would end up chasing it. 586 00:55:15,535 --> 00:55:17,065 Like I would buy it right now. 587 00:55:17,605 --> 00:55:22,105 You know, when I first got into trading S and P would be unwilling to go lower. 588 00:55:23,125 --> 00:55:27,145 And so I adopted, I had to see a down candle, which means the market had to 589 00:55:27,145 --> 00:55:28,945 trade lower before it could be a buyer. 590 00:55:29,875 --> 00:55:34,735 Now that's why the order block idea came real easy when I understood how 591 00:55:34,735 --> 00:55:38,275 institutional order flow and how the banks price and how they work in their orders. 592 00:55:38,785 --> 00:55:43,075 Because I already required that in my bond and my S and P trading to be a buyer. 593 00:55:43,555 --> 00:55:48,055 The market had to create a down candle and why understand the downside. 594 00:55:48,884 --> 00:55:52,154 Is he able to block later on when it's retreated into, I 595 00:55:52,154 --> 00:55:54,134 was trading in the down candle. 596 00:55:54,555 --> 00:55:58,245 So I was already doing what smart money was doing, but it didn't have the 597 00:55:58,245 --> 00:55:59,475 understanding of why I was doing it. 598 00:55:59,535 --> 00:56:02,775 That's required it to be a down move or a minor retracement. 599 00:56:03,585 --> 00:56:08,714 And then it would be a buyer, but I would, uh, I would feel real antsy 600 00:56:09,555 --> 00:56:13,005 and feel the impulse to be a buyer before I understood what I was doing. 601 00:56:14,415 --> 00:56:18,464 And as the candle that we're in right now, it could be larger than this 602 00:56:18,464 --> 00:56:21,825 and it can actually engulf this down candle and that'd be a buyer there. 603 00:56:22,605 --> 00:56:28,904 And those invariably with the worst trade I'd ever take, because I gave into my 604 00:56:29,145 --> 00:56:31,904 emotions and fear of missing the move. 605 00:56:32,685 --> 00:56:38,745 Instead of focusing on the risk buying here, my staff has wider between there 606 00:56:38,805 --> 00:56:42,765 and 20 to 25 bit drops down here. 607 00:56:43,125 --> 00:56:44,984 It's far less in terms of brand. 608 00:56:46,005 --> 00:56:48,765 And it meets the criteria that I want to be a buyer at. 609 00:56:49,725 --> 00:56:54,735 If it runs from here, if I just chalk it up, as I was wrong about 610 00:56:54,735 --> 00:56:58,275 expecting this price level will be hit, I'll take the next trade. 611 00:56:59,595 --> 00:57:04,815 And that's the benefit of knowing what we saw in September, every 612 00:57:04,815 --> 00:57:09,674 single day, there was something, and we're not trying to force a trade. 613 00:57:09,975 --> 00:57:10,935 We're trying to take a trade. 614 00:57:10,935 --> 00:57:11,715 That makes sense. 615 00:57:12,255 --> 00:57:17,325 The risk is defined and the parameters on the payout is good. 616 00:57:22,625 --> 00:57:23,375 Yeah, that's a good question. 617 00:57:23,375 --> 00:57:28,295 If it drops down into this level here during the New York open, would I buy it? 618 00:57:28,775 --> 00:57:34,174 Um, maybe, but I would be far less willing to buy as many. 619 00:57:34,835 --> 00:57:39,395 Like now I'm looking to do one standard lot here of a boot. 620 00:57:39,424 --> 00:57:40,535 I would do half of a sustainable. 621 00:57:42,365 --> 00:57:48,815 And I just would not be so anxious about seeing the expand up there, because 622 00:57:48,815 --> 00:57:51,545 again, FMC, anything can happen with FMC? 623 00:57:53,995 --> 00:57:55,404 No, it's not going to go on to New York. 624 00:57:55,404 --> 00:57:58,435 We're going to be closing here in about a little less than 10 minutes. 625 00:58:06,555 --> 00:58:06,765 Yeah. 626 00:58:06,765 --> 00:58:10,134 We're not going to be in here every day from London to modern clothes. 627 00:58:10,134 --> 00:58:10,935 So there's no way 628 00:58:22,125 --> 00:58:23,535 I will burn out quick. 629 00:58:23,535 --> 00:58:25,095 I think if we had to do it like that. 630 00:58:25,185 --> 00:58:25,665 Oh yeah. 631 00:58:25,665 --> 00:58:26,745 I would be definitely burnt out. 632 00:58:26,745 --> 00:58:27,915 I couldn't do 12 ones then. 633 00:58:49,090 --> 00:58:49,270 Yeah. 634 00:58:49,300 --> 00:58:53,560 Can you imagine if we started watching the market from midnight, New York to 3:00 PM, 635 00:58:53,590 --> 00:58:57,220 New York, that's the iron man mentorship. 636 01:01:04,685 --> 01:01:05,525 No I'm muting. 637 01:01:41,745 --> 01:01:43,815 Well, that, that's what I was saying for a study. 638 01:01:44,655 --> 01:01:46,785 You can see this down candle and we're in it. 639 01:01:47,805 --> 01:01:50,265 So you can take a paper trade. 640 01:01:50,715 --> 01:01:55,035 I'm not advising you to take a live trade, but do a paper trade in here with half 641 01:01:55,035 --> 01:01:57,165 the position you would have taken here. 642 01:01:57,435 --> 01:01:58,965 If it would have traded down, gave us our price. 643 01:01:59,955 --> 01:02:05,685 Do you have that position here because it's close proximity entry, but I 644 01:02:05,685 --> 01:02:08,385 don't want to get into that because then you'll be asking more questions 645 01:02:08,715 --> 01:02:13,215 when I'm going to be teaching it later on graduated small steps folks. 646 01:04:05,669 --> 01:04:10,439 All right, folks, we're going to leave this for you to watch. 647 01:04:10,439 --> 01:04:12,149 If we keep this level in tact for. 648 01:04:13,620 --> 01:04:15,569 Seven 30 to eight 30 in the morning. 649 01:04:15,900 --> 01:04:19,319 Uh, if we dropped down in there, um, I may come back on through 650 01:04:19,319 --> 01:04:27,359 Twitter and announce, uh, my activity here, uh, before study, uh, do it. 651 01:04:27,359 --> 01:04:31,500 We're talking about a couple minutes ago, take whatever position size 652 01:04:31,500 --> 01:04:34,799 you would have done here divided in half, or use a quarter of that 653 01:04:34,799 --> 01:04:38,640 position and use this area as a study. 654 01:04:38,670 --> 01:04:42,060 If you were to buy here using the same parameters, looking 655 01:04:42,060 --> 01:04:45,420 for 2330, stop at 2225. 656 01:04:45,960 --> 01:04:46,259 Okay. 657 01:04:46,290 --> 01:04:47,640 That's how we're going to leave it for today. 658 01:04:48,270 --> 01:04:50,790 And I'll come back later on this afternoon with a recap, but 659 01:04:50,790 --> 01:04:54,150 you'll, I'll be following along the markets and tweeting charts. 660 01:05:07,565 --> 01:05:10,565 I don't want to take the trade here because this is linked to my FX book. 661 01:05:11,045 --> 01:05:15,515 And I really wanted my FX book to show really high, really high odds trades. 662 01:05:15,964 --> 01:05:19,325 And because it's the FLMC day, that's not a real high odds day. 663 01:05:19,745 --> 01:05:21,575 So that's why I'm not taking action. 664 01:05:21,605 --> 01:05:26,165 I would've taken it here, but it's not giving it to me. 665 01:05:26,165 --> 01:05:28,924 So I'm not going to, I'm not going to buy it at a premium, even though 666 01:05:28,924 --> 01:05:31,055 I know it's likely going to run. 667 01:05:31,685 --> 01:05:36,305 If I have a small piece on, that'll give you a, uh, you know, give you 668 01:05:36,305 --> 01:05:37,504 something for being here today. 669 01:05:38,674 --> 01:05:42,725 But, uh, for the, my FX book that I'm running for the, for the mentorship, 670 01:05:43,504 --> 01:05:45,274 this doesn't cut the mustard for that. 671 01:05:45,335 --> 01:05:49,774 I want a really easy set up that has a lot of room in the rest 672 01:05:49,774 --> 01:05:50,915 of the daily range to unfold. 673 01:05:51,750 --> 01:05:54,450 And because we have the later in the afternoon, it really 674 01:05:54,450 --> 01:05:56,609 shortens the daily range. 675 01:05:56,609 --> 01:05:58,259 That's really not here. 676 01:05:58,770 --> 01:05:59,190 Okay. 677 01:05:59,250 --> 01:06:04,770 I know that there's this big volatility injection it's waiting 678 01:06:04,770 --> 01:06:06,029 to happen over here in time. 679 01:06:06,720 --> 01:06:09,750 And because of that, this has been real lethargic. 680 01:06:10,980 --> 01:06:14,370 So while it still could go up here and hit that level and be wonderful. 681 01:06:14,430 --> 01:06:14,790 Yay. 682 01:06:14,790 --> 01:06:15,299 I was right. 683 01:06:15,930 --> 01:06:17,879 Uh, for the, my effects book trades. 684 01:06:19,020 --> 01:06:20,100 I need it to be down here. 685 01:06:21,420 --> 01:06:24,270 Otherwise I'll just talk to market where it's going to go and all that 686 01:06:24,270 --> 01:06:28,410 business, and you can still get some kind of a feedback loop from it. 687 01:06:28,950 --> 01:06:34,830 Do some exercises or read between the lines, but I'm 688 01:06:34,830 --> 01:06:36,000 going to close this one here. 689 01:06:36,450 --> 01:06:43,140 Um, little, little less active than I was hoping for today, but it was 690 01:06:43,140 --> 01:06:50,700 a late Mon and open, uh, impact driver for a news on the heels of. 691 01:06:51,660 --> 01:06:54,330 It being a FLMC day all together too. 692 01:06:54,330 --> 01:07:01,680 So it's a little, so much stacked against it for, uh, for probability sake, but 693 01:07:01,680 --> 01:07:04,710 nonetheless, watch the reaction here. 694 01:07:04,710 --> 01:07:08,640 So if he did put a position on here would have that position that 695 01:07:08,640 --> 01:07:10,080 you would have done here long. 696 01:07:11,730 --> 01:07:13,740 Don't let the market go below. 697 01:07:13,740 --> 01:07:14,820 This candle is low. 698 01:07:15,240 --> 01:07:15,480 Okay. 699 01:07:15,480 --> 01:07:19,560 At this point, now you want to monitor price action here. 700 01:07:19,560 --> 01:07:23,700 So you want to use this area where we would be buying initially the first time. 701 01:07:24,390 --> 01:07:27,450 That would be like the, the barrier at which you want to 702 01:07:27,450 --> 01:07:28,410 have your stop below that. 703 01:07:28,410 --> 01:07:29,910 So your stop would be right around here. 704 01:07:30,990 --> 01:07:33,720 If you're doing the half, the position that you would've done 705 01:07:33,720 --> 01:07:36,810 here, that's where your stop would think, because it's going to go. 706 01:07:36,900 --> 01:07:38,010 It ain't going to come down here now. 707 01:07:38,580 --> 01:07:39,270 It's just going to go. 708 01:07:40,320 --> 01:07:45,930 And if it stays in consolidation, going into a seven o'clock, then it's 709 01:07:45,930 --> 01:07:49,650 probably a good idea to move to the sidelines and just, just watch it. 710 01:07:51,015 --> 01:07:52,845 And that means if there's a loss, you take it. 711 01:07:53,325 --> 01:07:54,825 If it's small profit, you take it. 712 01:07:54,884 --> 01:07:58,904 You just move to the sidelines because you don't want to be going in the market 713 01:07:58,904 --> 01:08:02,865 ahead of FMC, especially when it's just too many things going on right 714 01:08:02,865 --> 01:08:05,055 now for the market to be symmetrical. 715 01:08:06,555 --> 01:08:07,515 So I'm going to close it here. 716 01:08:07,515 --> 01:08:11,535 I'll recap again today, like I said, a three o'clock to three 717 01:08:11,535 --> 01:08:15,584 15, I'll have the video up so I can meet my three 30 deadline for 718 01:08:15,734 --> 01:08:18,585 content being posted for the UC. 719 01:08:19,785 --> 01:08:21,734 And I'll talk with you all then until then. 720 01:08:21,764 --> 01:08:22,064 Good luck. 721 01:08:22,064 --> 01:08:22,455 Good trading. 60111

Can't find what you're looking for?
Get subtitles in any language from opensubtitles.com, and translate them here.