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1
00:01:26,150 --> 00:01:26,810
Okay folks.
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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.
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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
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