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1
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Okay folks.
2
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Welcome back.
3
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Hope you have a nice weekend.
4
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Mine was very, very nice.
5
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Thank you very much for asking the a
dollar index on the left-hand side.
6
00:00:15,540 --> 00:00:20,250
We have a daily chart we're bouncing off
of that weekly or blocking here and get
7
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this highlighted here that weekly bullish
or block at a one-on-one big figure.
8
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So it's engine.
9
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It'll be interesting to see, rather if
we make a run through that aggressively,
10
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or if we just start to cut the
corner here, we get a down close and
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00:00:36,360 --> 00:00:38,130
tomorrow we start trading higher.
12
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I will be interested to see if we get
another run through these candles bodies.
13
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See if we want to make another run
for these equal highs in my gut.
14
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That's what I think it wants
to do, or it would make.
15
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See happening, but, uh, you
know, I don't want to rush it.
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I certainly want to give the
opportunity for the market to give
17
00:00:59,720 --> 00:01:02,570
me more feedback in that regard.
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00:01:03,140 --> 00:01:07,340
Uh, if we do trade below that one-on-one
level and we're watching that 100
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00:01:07,340 --> 00:01:11,000
point 85 level down here, if we lose.
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And if that means threshold of this
candles, bodies open, and this candle spot
21
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is closed, that's what this is measuring.
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It's also very close to what would
be a rejection block below the
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bodies of these council members.
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We have a big Wix candle here.
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So whenever you see that you
want to immediately go to
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where the candles bodies are.
27
00:01:31,220 --> 00:01:31,370
Okay.
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We don't ever really consider the bodies.
29
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I'm sorry.
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The wicks.
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We look at the bodies of it.
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Okay.
33
00:01:36,530 --> 00:01:38,330
And I'll give you some more
examples as we go through.
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00:01:39,170 --> 00:01:43,550
But to me personally, I think the dollar
index is going to want to try to at least
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maintain the consolidation in this room.
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00:01:46,545 --> 00:01:49,875
And maybe make a run for these
equal highs of that left in tact.
37
00:01:50,335 --> 00:01:52,335
Then trade back up into
this fair value gap.
38
00:01:52,365 --> 00:01:54,645
That's remained open
for a little while now.
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00:01:57,015 --> 00:02:01,785
So it'll be interesting how far,
uh, Monday's trading closes.
40
00:02:03,164 --> 00:02:03,495
All right.
41
00:02:03,495 --> 00:02:05,205
So we have Euro dollar.
42
00:02:06,045 --> 00:02:11,865
Uh, this pair is pretty much the opposite
of we're looking in dollar index.
43
00:02:11,865 --> 00:02:16,035
We're in the larger consolidation
from this high to this low, but
44
00:02:16,035 --> 00:02:17,144
we're in the lower portion of it.
45
00:02:17,144 --> 00:02:21,704
Now we have new range defined
by this high and the low here.
46
00:02:21,704 --> 00:02:23,355
So we're really still at equilibrium.
47
00:02:23,505 --> 00:02:27,555
Nothing's really, uh, exciting
about this pair in here.
48
00:02:28,875 --> 00:02:34,215
Had we gone on this rally above
this old high that would have
49
00:02:34,215 --> 00:02:37,995
indicated any retracement back would
have been a good potential buy?
50
00:02:38,894 --> 00:02:40,725
Uh, but we're back in the
middle of range in here.
51
00:02:40,725 --> 00:02:42,075
So between this low.
52
00:02:43,079 --> 00:02:46,799
And this height we're right in the
middle of equilibrium or halfway point.
53
00:02:47,459 --> 00:02:51,570
And we're in point or equilibrium
of this high and this low.
54
00:02:51,600 --> 00:02:58,140
So there's too many things converging
with range-bound and I know that it's
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00:02:58,140 --> 00:03:02,519
frustrating for you and you want to do
something swing trading right now, but
56
00:03:02,519 --> 00:03:04,079
there is no swing trading right now.
57
00:03:04,410 --> 00:03:04,739
Okay.
58
00:03:05,100 --> 00:03:09,480
Um, there will be plenty of
swing trades between now and
59
00:03:09,480 --> 00:03:10,410
the rest of the mentorship.
60
00:03:10,420 --> 00:03:15,720
So just be mindful that even though
that we have understanding there
61
00:03:15,720 --> 00:03:17,010
has to be the conditions there.
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00:03:17,370 --> 00:03:20,940
And right now it's showing you, it wants
to stay in a range, not just the dollar
63
00:03:20,940 --> 00:03:22,980
index, but the Euro dollar as well.
64
00:03:23,310 --> 00:03:27,600
And if you look at majority of all the
majors, they're still stuck in a range.
65
00:03:31,660 --> 00:03:36,670
So in a, in a bullet point note today,
when we have these conditions on a
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00:03:36,670 --> 00:03:42,760
daily chart, it forces you to be a day
trader or a scalper, or you have to be
67
00:03:42,760 --> 00:03:44,230
on your you're sitting on your hands.
68
00:03:44,230 --> 00:03:47,770
You can't, you can't force
a swing trait to do so.
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00:03:47,770 --> 00:03:51,220
Actually it ends up trying to
impose your will in the marketplace.
70
00:03:51,220 --> 00:03:53,020
And we have to avoid doing that.
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00:03:54,730 --> 00:04:01,360
Now I will say this, the Euro is
now trading back up into its last
72
00:04:01,360 --> 00:04:02,620
up candle here in the four hour.
73
00:04:04,400 --> 00:04:05,180
I do not.
74
00:04:07,430 --> 00:04:12,710
I do not like the fact that we had
a lot of the wicks and it moved
75
00:04:12,710 --> 00:04:14,000
back and forth through here a lot.
76
00:04:14,690 --> 00:04:17,120
So I would favor not a
bare shoulder block here.
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00:04:17,510 --> 00:04:22,100
I would favor a run above the bodies
of these candles in here so that
78
00:04:22,100 --> 00:04:23,030
they're going to run liquidity.
79
00:04:24,225 --> 00:04:25,215
And say, it's going to go lower.
80
00:04:25,215 --> 00:04:25,785
It's just say that.
81
00:04:26,115 --> 00:04:26,325
Okay.
82
00:04:26,325 --> 00:04:27,675
We'll play devil's advocate for a moment.
83
00:04:28,185 --> 00:04:31,935
Let's assume for a moment that your
dollar has made an intermediate
84
00:04:31,935 --> 00:04:33,285
term high long-term high.
85
00:04:33,765 --> 00:04:35,685
And we're looking to break down
and go for a sell side liquidity
86
00:04:35,685 --> 00:04:37,695
over here on the daily chart.
87
00:04:39,105 --> 00:04:45,465
If that happens, I think that a good
indication of that in high probability.
88
00:04:47,475 --> 00:04:50,175
And again, what I'm saying is if this
is going to be a high probability.
89
00:04:50,235 --> 00:04:54,555
So objective down here
below that 1 0 4 big figure.
90
00:04:56,115 --> 00:04:59,445
This rally, I don't see
it hitting this last up.
91
00:04:59,475 --> 00:05:01,895
Canada's a bear shorter block
and then sell selling all.
92
00:05:01,905 --> 00:05:08,265
I don't see that it would be more apt to
have high probability to go down to here.
93
00:05:08,325 --> 00:05:13,005
If it were to go above this body or this
candles closed, this last little candle
94
00:05:13,005 --> 00:05:17,385
is closed because through that and then
rejects that if it does that, okay.
95
00:05:17,895 --> 00:05:19,665
What we would be seeing is
the rejection blocked or.
96
00:05:20,715 --> 00:05:26,354
Forcing price, the stable low, this
candles close, which would be a 1 0
97
00:05:26,355 --> 00:05:30,915
6, basically one the 6, 10, 106 big
figure murder, 15 pips confluence.
98
00:05:31,005 --> 00:05:31,305
Okay.
99
00:05:31,305 --> 00:05:33,015
And a little bit of a gray area we allow.
100
00:05:33,285 --> 00:05:36,225
So if we're looking for a 1 0 6 big
figure, it can go as high as one who
101
00:05:36,225 --> 00:05:40,785
six 15 or stop short is low as 1 0 5 85.
102
00:05:41,655 --> 00:05:41,805
Okay.
103
00:05:41,805 --> 00:05:42,105
Signal.
104
00:05:42,105 --> 00:05:46,515
Remember to have that in your notes,
but we're looking for a potential
105
00:05:46,515 --> 00:05:48,615
run above this candles body.
106
00:05:51,035 --> 00:05:55,565
And if we reject that, that would give
us reason to suspect the media closing
107
00:05:55,565 --> 00:05:57,785
on this low Fairvale you got down here.
108
00:05:59,405 --> 00:06:00,515
Let me highlight that.
109
00:06:07,705 --> 00:06:07,945
Okay.
110
00:06:07,945 --> 00:06:12,895
So we have a little bit of a gap down
in here, and if it runs a bow here and
111
00:06:12,895 --> 00:06:17,575
rejects and strongly rejects that we
will look for price to come down here
112
00:06:17,575 --> 00:06:19,605
and then maybe ultimately make a roll.
113
00:06:20,480 --> 00:06:22,490
I don't want to have four big figure.
114
00:06:24,080 --> 00:06:30,140
What changes that, and we swing to a bull
side is if we trade through these bodies
115
00:06:30,140 --> 00:06:35,900
of these candles and the wick and leave
the equilibrium price point, I mean,
116
00:06:36,200 --> 00:06:41,360
from the high here on a daily and the low
here on a daily, if we leave that okay.
117
00:06:41,360 --> 00:06:45,350
And we trade through the mean
threshold of that last up candle here.
118
00:06:46,430 --> 00:06:46,580
Okay.
119
00:06:46,580 --> 00:06:48,620
That last bullish candle here,
and that would look like this
120
00:06:54,380 --> 00:06:55,280
kind of highlight the right chart
121
00:07:09,250 --> 00:07:09,880
right in here.
122
00:07:13,780 --> 00:07:20,625
If we get above one to 6 37, That
would change things to a bullish
123
00:07:21,225 --> 00:07:24,015
slant, and then we would probably
make a run for the buy-side liquidity.
124
00:07:24,285 --> 00:07:26,535
I don't think it's going to go up
here, run this stuff and then go lower.
125
00:07:26,535 --> 00:07:30,435
I don't think that would be the
catalyst for any future direction lower.
126
00:07:30,735 --> 00:07:33,375
I think it would be indicating
that we're going for the buck
127
00:07:33,385 --> 00:07:37,335
stops here and then we're going
to challenge the high at 1 0 8 70.
128
00:07:38,235 --> 00:07:38,565
Okay.
129
00:07:38,565 --> 00:07:45,735
So we're bullish to neutral on Euro
dollar until 1 0 6 35, 1 or six 40
130
00:07:45,735 --> 00:07:47,835
is taken out on a closing basis.
131
00:07:47,865 --> 00:07:48,615
It's got to do that.
132
00:07:48,975 --> 00:07:53,505
Then it would change market structure for
the daily, because it would give up that
133
00:07:53,505 --> 00:07:55,425
means threshold of the last up candle.
134
00:07:55,725 --> 00:08:00,645
And to me personally, this is where
experience comes in the rejection block
135
00:08:00,735 --> 00:08:06,045
that would normally be expected to see,
um, sell off after hits it and runs lower.
136
00:08:06,345 --> 00:08:07,155
I don't expect that.
137
00:08:07,575 --> 00:08:10,425
And the reason why I don't expect that
is now pay attention, because this
138
00:08:10,425 --> 00:08:12,075
is why I get a thousand questions.
139
00:08:12,075 --> 00:08:13,485
Why did you not talk about this?
140
00:08:13,485 --> 00:08:14,505
Am I giving it to you?
141
00:08:14,505 --> 00:08:14,625
Right?
142
00:08:16,155 --> 00:08:18,104
This candle, spotty.
143
00:08:18,435 --> 00:08:18,885
Okay.
144
00:08:18,914 --> 00:08:21,675
If it trades through that, I don't
think it's going to hit that as a
145
00:08:21,675 --> 00:08:25,395
rejection block and then sell off
because we've had this low down here
146
00:08:26,025 --> 00:08:29,085
and we cleared out the rejection
block below the candles over here.
147
00:08:29,575 --> 00:08:31,575
Remember we, we
disregarded this whole WIC.
148
00:08:32,355 --> 00:08:32,564
Okay.
149
00:08:32,564 --> 00:08:36,765
We were focusing primarily on this one
over here, all the bodies in here, we
150
00:08:36,765 --> 00:08:39,015
cleared that out and now it's rejected.
151
00:08:39,345 --> 00:08:39,674
Okay.
152
00:08:39,674 --> 00:08:43,965
We took this low out, took this
low out here, ignoring this WIC.
153
00:08:44,625 --> 00:08:44,865
Okay.
154
00:08:44,865 --> 00:08:49,064
The election wick, and
then not election week.
155
00:08:49,064 --> 00:08:50,925
When am I talking about
the, uh, what is that?
156
00:08:52,735 --> 00:08:58,285
January 11th, 2017.
157
00:08:59,215 --> 00:09:05,814
So in that little short-term
low, we had a area of cell stops.
158
00:09:06,775 --> 00:09:11,275
It was ran out and all of
those orders have been taken
159
00:09:11,275 --> 00:09:13,225
out and now they have Capitol.
160
00:09:14,204 --> 00:09:15,495
With new short-term longs.
161
00:09:16,305 --> 00:09:19,814
We cannot look at that
as a short-term low yet.
162
00:09:19,995 --> 00:09:23,084
We can't say that that's a buy
long-term intermediate term or swing.
163
00:09:23,505 --> 00:09:23,895
Okay.
164
00:09:23,925 --> 00:09:25,694
We can only expect that.
165
00:09:25,724 --> 00:09:26,175
Okay.
166
00:09:26,594 --> 00:09:29,474
Now that they have longs while having
know that, because it's rejected that
167
00:09:29,474 --> 00:09:31,005
low and we've moved away from it.
168
00:09:32,145 --> 00:09:36,974
If we get through a level of what
would be deemed bearishness okay,
169
00:09:36,974 --> 00:09:40,064
this would be the main threshold of a
bearish or block that lasts up candle.
170
00:09:40,574 --> 00:09:43,785
If it can go through that on a
closing basis and trade through
171
00:09:43,785 --> 00:09:47,025
it, we will be looking for it to
go to this buy-side liquidity here.
172
00:09:47,055 --> 00:09:48,194
That's where all the buy stops are.
173
00:09:49,545 --> 00:09:52,305
It's not likely that's going to go
up to that level here and then sell
174
00:09:52,305 --> 00:09:57,314
off because we've had 1, 2, 3 areas
of sell side liquidity ran out.
175
00:09:58,574 --> 00:10:00,344
So it's only gonna want
to come up to this.
176
00:10:00,344 --> 00:10:04,125
Buy-side liquidity to take off some
of the portion that they may have gone
177
00:10:04,125 --> 00:10:08,175
long here yet that we're willing to let
them have the early seat, let them do.
178
00:10:09,435 --> 00:10:13,425
Well, we want to do is have high
probability setups that will come if
179
00:10:13,425 --> 00:10:17,895
we get through one and 6 35 and one
to six 40 bullishly and then I will
180
00:10:17,895 --> 00:10:22,005
tell us, okay, we will wait for the
buy-side liquidity above here, and then
181
00:10:22,005 --> 00:10:26,685
any down candle, after that, we can
start looking for as a potential buy
182
00:10:27,105 --> 00:10:32,475
to set us up for a move to go to 1 0
8 75 to one to eight 90 in that area.
183
00:10:32,775 --> 00:10:33,135
Okay.
184
00:10:33,735 --> 00:10:35,175
So that's what I'm waiting for.
185
00:10:35,175 --> 00:10:39,165
And it's the framework of why I would not
expect this to be traded to in and reject.
186
00:10:39,555 --> 00:10:41,595
It's more inclined to
either stay in an arrow.
187
00:10:41,595 --> 00:10:44,265
Sideways consolidation will go higher.
188
00:10:44,715 --> 00:10:46,395
I don't see it going lower in here.
189
00:10:46,395 --> 00:10:47,355
I just think it's going to be stuck.
190
00:10:47,745 --> 00:10:56,055
Now that changes bearishly if we lose
the body of this candle here, 1 0 5 40,
191
00:10:56,385 --> 00:11:00,105
we'll say if it goes below one to five
40, we're making a run for the sell side
192
00:11:00,105 --> 00:11:01,545
liquidity and there's no bones about it.
193
00:11:01,545 --> 00:11:02,385
It's just going to be there.
194
00:11:02,385 --> 00:11:03,765
No, no muss, no fuss.
195
00:11:04,724 --> 00:11:07,844
But the catalyst on the outside, we're
watching a few things in here that would
196
00:11:08,145 --> 00:11:15,314
indicate and qualify rather a longer-term
swing up to that 1 0 8 7108 90 level.
197
00:11:18,655 --> 00:11:18,954
Okay.
198
00:11:18,984 --> 00:11:19,765
Pound dollar.
199
00:11:22,635 --> 00:11:22,814
Okay.
200
00:11:22,814 --> 00:11:24,944
So I had a really nice
rejection, uh, block here.
201
00:11:24,974 --> 00:11:26,655
Bias liquidity was taken.
202
00:11:27,084 --> 00:11:29,324
I was questioned whether or not
we were going to have some upside.
203
00:11:29,564 --> 00:11:33,675
And because Euro, I think was
a rallying, I think that's the
204
00:11:33,675 --> 00:11:34,604
reason why they were asking.
205
00:11:35,354 --> 00:11:39,704
And I said, no, I didn't believe that that
we were capping in squaring for the week.
206
00:11:41,025 --> 00:11:43,064
And we came home, went
back down into the range.
207
00:11:43,275 --> 00:11:46,694
So again, I cannot stress this enough.
208
00:11:46,844 --> 00:11:49,454
This is not something I'm beating
my chest about being, making money.
209
00:11:49,905 --> 00:11:55,035
I'm trying to tell you, because
most of you that were trying to
210
00:11:55,035 --> 00:11:57,135
trade this pair are feeling it now.
211
00:11:57,615 --> 00:11:58,005
Okay.
212
00:11:58,064 --> 00:11:59,625
And that's a lesson
you did not have to be.
213
00:12:00,465 --> 00:12:03,645
You could have been on your sidelines
waiting just like we all have been
214
00:12:04,185 --> 00:12:08,055
and not had endured any of the pain of
trying to take live trades in this pair.
215
00:12:08,055 --> 00:12:10,875
When I told you not to do
it now, you're feeling it.
216
00:12:11,325 --> 00:12:11,715
Okay.
217
00:12:12,165 --> 00:12:14,385
A couple of you aren't
replying to my email.
218
00:12:15,165 --> 00:12:16,785
I think it's still stinging you.
219
00:12:16,815 --> 00:12:17,175
Okay.
220
00:12:17,205 --> 00:12:18,225
But learn from that.
221
00:12:18,495 --> 00:12:18,795
Okay.
222
00:12:18,795 --> 00:12:22,905
If I tell you, stay away from something,
believe me, treat it like a rattlesnake.
223
00:12:22,905 --> 00:12:23,655
That's pissed off.
224
00:12:23,655 --> 00:12:24,735
You don't want to get near it.
225
00:12:24,945 --> 00:12:25,695
It's going to burn you.
226
00:12:25,965 --> 00:12:27,675
Don't touch it, leave it alone.
227
00:12:27,675 --> 00:12:29,805
There's other things to
be dealing or waiting for.
228
00:12:30,255 --> 00:12:30,495
Okay.
229
00:12:30,495 --> 00:12:35,085
So without belaboring labor anymore
that we have moved back into
230
00:12:35,085 --> 00:12:36,795
the consolidation on this pair.
231
00:12:38,085 --> 00:12:41,805
And again, I do not know
what it wants to do.
232
00:12:42,435 --> 00:12:43,275
Only one short term.
233
00:12:43,275 --> 00:12:45,885
And that's the only reason why I said
up here and really what I was doing
234
00:12:45,885 --> 00:12:50,355
was blending short-term and day trading
ideas that to me, without having
235
00:12:50,355 --> 00:12:52,665
brought it into the conversation,
because it's not really the, our
236
00:12:52,665 --> 00:12:54,015
point of discussion for this month.
237
00:12:54,625 --> 00:12:56,625
That was the reason why I said
we would get up to these levels.
238
00:12:57,435 --> 00:12:57,795
Okay.
239
00:12:57,854 --> 00:13:03,525
Not that that's a trade cause it's
not, not that it's a, um, a play for
240
00:13:03,525 --> 00:13:05,834
the content that we have for this
month, because you're gonna learn
241
00:13:05,834 --> 00:13:08,714
in the short term trading, you can
work inside of the trading ranges.
242
00:13:09,045 --> 00:13:09,224
Okay.
243
00:13:09,224 --> 00:13:12,675
So the question I got over the weekend
was are, you know, you say we have to
244
00:13:12,675 --> 00:13:16,365
trade this way for swing trades, but if
it's range-bound, we can't swing trade.
245
00:13:16,545 --> 00:13:18,464
So are we ever going to learn
how to trade and ranges?
246
00:13:18,525 --> 00:13:20,385
Yes, that's, short-term trading.
247
00:13:21,285 --> 00:13:25,485
You'll always have a way of trading in
any kind of market condition, except
248
00:13:25,485 --> 00:13:29,474
for seeking the steroid and seeking
shoring is basically an intraday session.
249
00:13:29,834 --> 00:13:31,185
Sometimes you're not going to see it come.
250
00:13:31,694 --> 00:13:35,355
You'll get, you know, initial move
that helps you make money, but
251
00:13:35,355 --> 00:13:38,084
then it alternately turn against
you and moving into a loss.
252
00:13:38,355 --> 00:13:41,295
If you go back in one more time and
try to push that issue and try to take
253
00:13:41,295 --> 00:13:44,444
a little trade, you'll get burned and
you quickly realize it's going nowhere,
254
00:13:44,444 --> 00:13:46,214
but back and forth taking the stops.
255
00:13:46,724 --> 00:13:49,454
That's the only condition that I
have that I can't make money in.
256
00:13:50,055 --> 00:13:52,785
So apart from that, there's
always something to do.
257
00:13:53,640 --> 00:13:56,790
But we can't do scalping and
short term trading and I'm sorry.
258
00:13:56,790 --> 00:13:57,000
Yeah.
259
00:13:57,090 --> 00:14:01,560
And then day trading and swing trading
content, but you'll see all these
260
00:14:01,560 --> 00:14:03,240
things that are making mention of.
261
00:14:03,240 --> 00:14:07,950
Now I'll tell you in a contents that go
back to that time when I was referring
262
00:14:07,950 --> 00:14:09,630
to this level, and now it'll make sense.
263
00:14:10,080 --> 00:14:10,440
Okay.
264
00:14:11,010 --> 00:14:13,800
But too many of you are trying to
jump to the end of the unit, the
265
00:14:13,800 --> 00:14:16,380
mentorship, and then look backwards
and try to fill in the gap.
266
00:14:16,440 --> 00:14:17,340
It doesn't work that way.
267
00:14:17,790 --> 00:14:20,220
You got to work from the higher
timeframe, understand that
268
00:14:20,400 --> 00:14:21,900
refined down to a lower timeframe.
269
00:14:21,930 --> 00:14:24,660
Once you do that, it's easy to
go from a lower timeframe up.
270
00:14:25,410 --> 00:14:29,820
It's hard to build a discipline and
wait for the levels in the context
271
00:14:29,820 --> 00:14:32,700
from the higher timeframes and use
that down to a lower timeframe.
272
00:14:33,810 --> 00:14:37,290
It's it seems counterintuitive
to do that, but that's exactly
273
00:14:37,290 --> 00:14:38,070
what you're supposed to be doing.
274
00:14:38,790 --> 00:14:42,300
And by applying higher timeframe
market profiling, it's either
275
00:14:42,300 --> 00:14:43,470
consolidating or it's moving.
276
00:14:43,860 --> 00:14:46,350
And I don't care if it's going to moving
higher or lower, but if it can't move
277
00:14:46,350 --> 00:14:48,750
out of its range, that's a day trader.
278
00:14:49,680 --> 00:14:53,730
That's a scalpers paradise, but that's
not what we're teaching this month.
279
00:14:53,970 --> 00:15:00,600
So just as a reminder, this payer has
done exactly what we feared it would do.
280
00:15:00,630 --> 00:15:04,230
If we failed to go above this old
high back here, which is on a daily,
281
00:15:04,620 --> 00:15:08,580
if we failed at this high and came
back down, I said, it's in video.
282
00:15:08,910 --> 00:15:12,600
This player would probably stay
inside of a range because it's stuck.
283
00:15:13,050 --> 00:15:14,520
It's stuck between two breakers.
284
00:15:14,940 --> 00:15:16,860
We have a bullish, I'm
sorry, bear's breaker here.
285
00:15:16,860 --> 00:15:17,910
And a bullish breaker here.
286
00:15:19,050 --> 00:15:23,640
So it's in a, it's confined in a
larger, higher timeframe fractal.
287
00:15:24,060 --> 00:15:28,680
And if that happens, you have to identify
that and say, okay, we're probably going
288
00:15:28,680 --> 00:15:33,090
to stay in a range and you continuously
hold that thought process until it
289
00:15:33,330 --> 00:15:34,980
decisively moves out of that range.
290
00:15:35,340 --> 00:15:38,520
And it would have to get above the
highs in here and this location.
291
00:15:39,510 --> 00:15:42,840
Otherwise, we're going to expect
to see the same thing in here where
292
00:15:42,840 --> 00:15:45,570
everybody else is getting chopped
up, trying to buy trend lines and
293
00:15:45,990 --> 00:15:48,330
sell divergences and buy divergences.
294
00:15:48,330 --> 00:15:49,320
They're getting murdered.
295
00:15:49,620 --> 00:15:50,040
Okay.
296
00:15:50,850 --> 00:15:53,640
Unless they're in a day trading
capacity, if they're trading anything
297
00:15:53,640 --> 00:15:57,480
off of a higher timeframe for our
higher it's, they're getting beat
298
00:15:57,480 --> 00:15:59,820
up and you're being kept from that.
299
00:16:00,930 --> 00:16:04,980
So again, if that was the only
lesson you learned this month, that's
300
00:16:04,980 --> 00:16:09,900
worth its monthly payment by itself
because I lost tons of money forcing
301
00:16:09,900 --> 00:16:11,280
trades in these kinds of conditions.
302
00:16:11,640 --> 00:16:14,580
So again, it's right there in
front of your chart, your charts
303
00:16:14,580 --> 00:16:16,020
are probably very close to mine.
304
00:16:16,320 --> 00:16:16,530
Okay.
305
00:16:16,530 --> 00:16:18,360
So think about it.
306
00:16:18,750 --> 00:16:23,310
You've saved yourself a lot of
unnecessary pain and monetary loss,
307
00:16:23,670 --> 00:16:24,900
if you will, if you'd listened.
308
00:16:25,380 --> 00:16:25,710
Okay.
309
00:16:25,710 --> 00:16:28,440
And to the folks that have listened,
they said, you know, in emails
310
00:16:28,610 --> 00:16:33,060
and private discussions, that
it's amazing how we can forecast
311
00:16:33,060 --> 00:16:34,230
when the market goes into a range.
312
00:16:34,920 --> 00:16:36,390
Most people can't do that.
313
00:16:36,750 --> 00:16:38,160
Most traders can't.
314
00:16:40,240 --> 00:16:42,760
Anybody can get lucky and pick
a buy signal or a sell signal.
315
00:16:43,120 --> 00:16:48,819
But knowing when not to trade, that is
the number one thing that every trader,
316
00:16:48,849 --> 00:16:52,780
if they were mature enough to understand
what it is looking back on their career,
317
00:16:53,079 --> 00:16:56,740
if they could go into one thing and
talk about how they can improve one
318
00:16:56,740 --> 00:17:02,500
area is when I should not be trying
to trade guaranteed gerund damn tea.
319
00:17:02,530 --> 00:17:05,649
That's the one thing that I wish I
could go back in time and change.
320
00:17:05,680 --> 00:17:08,950
Cause that's where the most of
my losses came from being in a
321
00:17:08,950 --> 00:17:10,869
condition that was being forced.
322
00:17:11,859 --> 00:17:15,940
I was forcing the trade because I
was impatient and I just needed to do
323
00:17:15,940 --> 00:17:17,889
something and you can't do that stuff.
324
00:17:17,920 --> 00:17:20,649
And what we're looking at
now is this can't happen.
325
00:17:22,359 --> 00:17:24,250
So cable we're still on
the sidelines with that.
326
00:17:24,520 --> 00:17:25,180
We're neutral.
327
00:17:25,659 --> 00:17:27,010
We're going to maintain the range.
328
00:17:27,010 --> 00:17:30,790
That's been defined by this low, here on
a daily and the high there's absolutely
329
00:17:30,790 --> 00:17:35,379
nothing to do for this pair right
now, nothing is going back and forth
330
00:17:35,379 --> 00:17:36,280
and pull them back to the middle of.
331
00:17:37,470 --> 00:17:45,179
And just leave a $1 CAD similar same
thing, just, uh, just opposite in
332
00:17:45,179 --> 00:17:50,129
terms of, um, not really knowing
what side of the marketplace at once.
333
00:17:50,639 --> 00:17:55,110
Uh, it doesn't have any clear levels
in here, nothing to, to draw clear
334
00:17:55,169 --> 00:18:00,179
higher-level, um, institutional order flow
from we'd left the equal highs up here.
335
00:18:00,179 --> 00:18:00,929
I like that.
336
00:18:01,500 --> 00:18:05,250
I do think that that's going
to be, uh, a significant level
337
00:18:05,250 --> 00:18:06,960
to work with at a later time.
338
00:18:06,990 --> 00:18:11,429
Not right now, there's simply
nothing for me to build an eye
339
00:18:11,429 --> 00:18:12,899
bullish or bears ideal one.
340
00:18:13,740 --> 00:18:14,790
We're still stuck in a range.
341
00:18:14,790 --> 00:18:19,260
We have the low here and the
equal highs, simply nothing to do.
342
00:18:19,470 --> 00:18:22,230
I mean, this is a period that
you would not be touching at all.
343
00:18:22,470 --> 00:18:23,520
You won't be doing anything with it.
344
00:18:23,520 --> 00:18:24,450
You wouldn't be day trading it.
345
00:18:24,690 --> 00:18:25,710
You would not be scalping.
346
00:18:25,710 --> 00:18:27,960
It you'd be waiting for new setups.
347
00:18:28,620 --> 00:18:30,540
So you have to sit on
your hands on this one.
348
00:18:30,540 --> 00:18:31,080
There's nothing here.
349
00:18:31,800 --> 00:18:33,720
We do have some conditions
for the Euro dollar.
350
00:18:33,720 --> 00:18:36,629
So keep that in mind, we're watching
the Euro dollar for a particular
351
00:18:36,629 --> 00:18:38,850
outcome and that'll give us framework.
352
00:18:39,120 --> 00:18:42,180
We're watching the dollar index to,
uh, to see if we're going to hold
353
00:18:42,180 --> 00:18:43,680
it, that bullish weekly order block.
354
00:18:44,460 --> 00:18:46,290
So there's two conditions
that we are following.
355
00:18:46,290 --> 00:18:47,899
It's not that we're all
neutral across the board.
356
00:18:47,920 --> 00:18:51,600
There's nothing to do, but I'm giving
you the reasons why we're neutral on
357
00:18:51,780 --> 00:18:53,550
cable and why we're neutral on cat.
358
00:18:58,660 --> 00:18:58,899
Okay.
359
00:18:58,960 --> 00:18:59,830
All the dollar.
360
00:19:00,220 --> 00:19:05,230
Uh, this one, I think it may end up
surprising one more time with a rally.
361
00:19:05,710 --> 00:19:07,360
It simply just doesn't want to go down.
362
00:19:07,810 --> 00:19:12,490
Um, I don't, I don't know what level it
would reach for beyond the 77 50 level.
363
00:19:12,940 --> 00:19:18,399
Um, if it wants to go 78 big figure,
that's certainly, you know, in the
364
00:19:18,399 --> 00:19:20,889
possibility that we have an old high back.
365
00:19:23,785 --> 00:19:25,375
At 77, 78.
366
00:19:25,375 --> 00:19:27,475
So based that's at 77
80 institutional level.
367
00:19:27,475 --> 00:19:31,195
So if they drive it there, they're going
to really try to make a run to that 7,800.
368
00:19:31,525 --> 00:19:37,315
And to me personally, um,
let's just do it for a humor.
369
00:19:38,365 --> 00:19:42,925
If we pull up a indicator, I want to
see if there's any bears divergence
370
00:19:42,925 --> 00:19:46,015
in the oscillators that people
will be using on a daily chart.
371
00:19:46,015 --> 00:19:49,225
And you can pretty much almost guarantee
it's probably in here cause it's been
372
00:19:49,225 --> 00:19:53,245
making stab higher, higher, higher,
higher, and it probably didn't matter.
373
00:19:53,245 --> 00:19:56,455
He gets all over the place now many
times, is it there diverged, variously,
374
00:19:56,815 --> 00:19:58,195
and then that's the one you sell out.
375
00:19:58,795 --> 00:20:00,595
There's all kinds of
bears divergence in here.
376
00:20:00,955 --> 00:20:04,045
And me personally, if you're going to
use indicators, I think model ended
377
00:20:04,045 --> 00:20:08,725
up probably happening is we're ended
up making a trend following hidden
378
00:20:09,595 --> 00:20:13,045
bullish, divergence, looking at the
lows, we'll see a lower, low, and a
379
00:20:13,045 --> 00:20:14,815
stochastic where the higher level.
380
00:20:15,990 --> 00:20:17,310
And the price and that'll drive higher.
381
00:20:17,310 --> 00:20:20,760
And then people that using the carriers
will just walk away thinking, well,
382
00:20:23,310 --> 00:20:27,810
I'm not sure what happened there, but
momentum just because it's measuring
383
00:20:27,810 --> 00:20:28,770
something that's already happened.
384
00:20:28,770 --> 00:20:31,860
That's not likely to build
a high probability setup.
385
00:20:31,889 --> 00:20:35,040
I think personally, they're
going to surprise one more time.
386
00:20:35,040 --> 00:20:39,660
What's another drive above that
77 50 level, if we get to a 78.
387
00:20:40,080 --> 00:20:40,379
Great.
388
00:20:40,860 --> 00:20:45,180
But I just personally want to see it go
to 77 50, just for general principle.
389
00:20:46,050 --> 00:20:50,490
If we lose the levels that we're
at right now, I've moved the
390
00:20:50,490 --> 00:20:52,230
sell-side liquidity pool up to here.
391
00:20:52,260 --> 00:20:53,400
We were down below here.
392
00:20:53,970 --> 00:20:56,010
If we break this level, then
it would return back to here.
393
00:20:56,010 --> 00:20:59,340
But right now all the cell stops are
sitting right below this low here.
394
00:21:00,270 --> 00:21:02,129
And you can see that one
a four out very clearly.
395
00:21:03,540 --> 00:21:06,960
I don't suspect that it wants to
run there from where we're at now.
396
00:21:07,590 --> 00:21:08,370
Um, and the reason why.
397
00:21:08,370 --> 00:21:10,830
Cause if you look at the low to high.
398
00:21:11,940 --> 00:21:13,470
We're essentially above equilibrium.
399
00:21:13,590 --> 00:21:16,170
We've already tried to trade
the equilibrium right down here
400
00:21:16,649 --> 00:21:17,670
and we've bounced off of it.
401
00:21:18,240 --> 00:21:21,810
So if we run in here, it's just going
to make another run or an attempt to get
402
00:21:21,810 --> 00:21:25,770
above this high and blow out all those
individuals that want to, for whatever
403
00:21:25,770 --> 00:21:29,639
reason they want to sell the year, uh,
the ALTE dollar and this pair we've been
404
00:21:29,639 --> 00:21:33,240
talking about since December, how it
has relative strength behind it, it has
405
00:21:33,540 --> 00:21:35,250
interest rate differentials going for it.
406
00:21:35,700 --> 00:21:39,300
It's just, you don't want to
sell this kind of currency.
407
00:21:39,360 --> 00:21:43,080
You don't want to, you want to be focused,
primarily being a buyer only on it.
408
00:21:43,620 --> 00:21:45,480
And every single time it sells off.
409
00:21:45,510 --> 00:21:46,379
It's very moot.
410
00:21:46,500 --> 00:21:48,480
It's it doesn't doesn't move much.
411
00:21:48,870 --> 00:21:52,620
But notice the times that it rallies, it
reaches for a logical area of liquidity.
412
00:21:53,070 --> 00:21:54,030
When it drops down.
413
00:21:54,120 --> 00:21:57,660
It's not so clear as it's not as
apparent what it wants to go down to.
414
00:21:57,780 --> 00:22:00,149
I mean, it goes down to a logical
area of support in terms of
415
00:22:00,149 --> 00:22:01,590
Polish or box as we teach it.
416
00:22:02,160 --> 00:22:05,879
But from a retail perspective, there's
nothing down there logically for it to be.
417
00:22:06,855 --> 00:22:07,905
So it's a mess.
418
00:22:08,264 --> 00:22:12,405
So what is it, what does it mean for
a uninformed trader the uninitiated?
419
00:22:12,405 --> 00:22:14,655
It's going to look at this and
say, well, this is clearly a sell.
420
00:22:15,524 --> 00:22:17,504
There's all kinds of highs forming it.
421
00:22:17,504 --> 00:22:18,345
Can't go higher.
422
00:22:18,584 --> 00:22:20,145
So let's look at the indicators.
423
00:22:20,145 --> 00:22:21,794
Indicators are bearishly diverging.
424
00:22:21,794 --> 00:22:23,745
So where are they going to
be doing they're selling?
425
00:22:24,645 --> 00:22:28,304
And if you go across the board and look
at for everybody's opinion about Aussie
426
00:22:28,304 --> 00:22:31,725
dollar, they're probably going to have
a higher, heavy net short opinion.
427
00:22:32,294 --> 00:22:34,485
And to me, that's a wonderful condition.
428
00:22:34,754 --> 00:22:37,365
If I had control price,
I'd run up to 77 55.
429
00:22:38,504 --> 00:22:40,784
That's what I would personally
do from where we're at right now.
430
00:22:40,814 --> 00:22:43,425
I'd run it there and it
would kill everybody that's
431
00:22:43,425 --> 00:22:44,355
already got in short position.
432
00:22:44,445 --> 00:22:47,205
And then if he starts to break
down, then it might be worthy then.
433
00:22:47,235 --> 00:22:48,945
But right now I wouldn't touch it.
434
00:22:49,875 --> 00:22:54,615
So look for a consolidation
to another pass, the 77 50 to
435
00:22:54,615 --> 00:22:57,044
78 day Creeker potentially.
436
00:22:57,840 --> 00:23:00,480
But I don't want to see any
sell-offs in here because it just
437
00:23:00,480 --> 00:23:01,830
doesn't make any sense to do so.
438
00:23:02,100 --> 00:23:05,190
Fundamentally, if you want to say it
like that interest rates are still
439
00:23:05,310 --> 00:23:07,260
the deciding factor for this currency.
440
00:23:07,860 --> 00:23:11,820
And just because an indicator bears
just diverges bears, like, and you know,
441
00:23:11,820 --> 00:23:13,470
we're doing a momentary stall here.
442
00:23:13,740 --> 00:23:15,330
It doesn't mean it can't
make one more pass higher.
443
00:23:15,629 --> 00:23:19,800
I mean, we call this one higher up here,
missed it by one PIP on the objective,
444
00:23:20,280 --> 00:23:23,160
but I guarantee everybody saw this higher
high here in a bear's divergent and they
445
00:23:23,160 --> 00:23:24,370
were seeing this sell off thinking, okay.
446
00:23:24,370 --> 00:23:26,490
Case end of the races for Aussie.
447
00:23:26,640 --> 00:23:27,600
So it's going, gonna start going lower.
448
00:23:28,710 --> 00:23:28,950
Nope.
449
00:23:29,129 --> 00:23:33,870
That's when the pain came and I think
they got one more knuckle sandwich for
450
00:23:33,870 --> 00:23:36,629
the, uh, the bears for, uh, Aldi dollar.
451
00:23:38,640 --> 00:23:38,879
All right.
452
00:23:38,879 --> 00:23:44,670
So Euro pound, uh, this pair is
shown really nice, uh, introduction.
453
00:23:44,670 --> 00:23:44,820
Wow.
454
00:23:44,820 --> 00:23:45,180
Look at that.
455
00:23:45,780 --> 00:23:46,080
Close.
456
00:23:46,080 --> 00:23:52,050
A small little fair value gap in here on
the four hour and I, I'm not mistaken.
457
00:23:52,140 --> 00:23:52,950
I think.
458
00:23:53,940 --> 00:23:54,450
Yeah, we did.
459
00:23:54,450 --> 00:23:55,320
We trade rate up until.
460
00:23:57,050 --> 00:24:01,520
For our weekly order block
weekly for our bears roadblock.
461
00:24:02,030 --> 00:24:05,270
And we will be looking for this.
462
00:24:06,050 --> 00:24:07,040
Wow, I like this.
463
00:24:07,760 --> 00:24:11,150
We had 1, 2, 3 times lower.
464
00:24:12,050 --> 00:24:13,790
We rejected very nicely off of that.
465
00:24:14,510 --> 00:24:21,080
If we can, if we can get above this
level here, let's note that right now
466
00:24:31,260 --> 00:24:33,500
for our weekly order block
to hell, not talking about
467
00:24:36,540 --> 00:24:38,560
85, 50 80.
468
00:24:38,560 --> 00:24:44,010
If we give, if we can get above 85
50, I really, really, really like
469
00:24:44,010 --> 00:24:45,360
the long side of the Euro dollar.
470
00:24:46,950 --> 00:24:48,389
I will really like that.
471
00:24:48,490 --> 00:24:51,600
That means we can stay consolidated
on dollar index and maybe go lower.
472
00:24:52,650 --> 00:24:57,330
So if this pair it gets above here, That
will probably help us in our deciding
473
00:24:57,330 --> 00:25:02,700
factor about this dollar index, because we
could be making an enemy term high up here
474
00:25:03,210 --> 00:25:08,370
or maintain a larger consolidation on the
dollar index that would still free up the
475
00:25:08,370 --> 00:25:10,290
opportunity for the Euro dollar to rally.
476
00:25:10,650 --> 00:25:15,000
And that would also bode well
for what we're assuming here.
477
00:25:15,150 --> 00:25:17,220
If we go above this level
here, that probably means that
478
00:25:17,220 --> 00:25:18,360
we've made as long-term low.
479
00:25:19,110 --> 00:25:21,750
And then we would probably want to come up
here and close the void that's been noted.
480
00:25:23,460 --> 00:25:24,360
So this is really good.
481
00:25:24,360 --> 00:25:27,660
If we get above here on a closing
basis, we will be really looking for
482
00:25:28,050 --> 00:25:33,720
bullish ideas on the Euro pounds to
support buys in the Euro dollar and
483
00:25:33,780 --> 00:25:35,760
potentially maybe even sells in cable.
484
00:25:36,810 --> 00:25:37,920
That's an interesting thought there.
485
00:25:37,980 --> 00:25:38,790
So think about that one.
486
00:25:40,020 --> 00:25:40,290
All right.
487
00:25:40,290 --> 00:25:45,420
So K a gold go, came up
and hit a level 1260.
488
00:25:45,420 --> 00:25:49,200
We outlined that in, uh, the
teachings, uh, last week.
489
00:25:50,100 --> 00:25:53,969
And 1255 for five points below
the level I'd like to look for.
490
00:25:54,419 --> 00:25:55,500
Uh, he was hit also.
491
00:25:55,649 --> 00:25:57,719
So it was really, really
nice to see that happen.
492
00:25:58,320 --> 00:26:02,340
Also notice that gold is
not trying to go lower.
493
00:26:02,340 --> 00:26:04,409
It's still holding in and
it's consolidating in here.
494
00:26:04,889 --> 00:26:09,689
So we might be looking for a
lot more upside for gold if we
495
00:26:09,689 --> 00:26:11,189
see a weakness in dollar index.
496
00:26:11,370 --> 00:26:14,969
So, uh, just toss this in here,
tinfoil hat stuff a little bit.
497
00:26:15,479 --> 00:26:18,780
Um, and there's been a lot of
discussions about the administration
498
00:26:18,810 --> 00:26:26,189
from the Trump presidency, a lot of
real reasons for a cause for concern.
499
00:26:26,879 --> 00:26:33,750
And that's causing a lot of international
investors to move out of high risk
500
00:26:33,780 --> 00:26:37,260
assets like stocks and things like that.
501
00:26:37,649 --> 00:26:39,689
And they're rotating into buying gold.
502
00:26:40,080 --> 00:26:43,860
And you're seeing that from the
whole December time period, uh,
503
00:26:43,889 --> 00:26:46,919
when it was already shored up that
Donald Trump was our president.
504
00:26:47,550 --> 00:26:48,300
We also see.
505
00:26:49,740 --> 00:26:54,070
Uh, there's a correlation between that.
506
00:26:54,070 --> 00:27:00,520
And, uh, the, um, I guess the confirmation
from our electoral college stating
507
00:27:00,520 --> 00:27:04,450
that they were going to go with the
Donald Trump election presidency.
508
00:27:04,450 --> 00:27:05,650
And there it is.
509
00:27:05,650 --> 00:27:08,470
So we have been moving higher in gold.
510
00:27:09,880 --> 00:27:13,180
There's a lot of talks and discussions
about what could potentially happen.
511
00:27:13,180 --> 00:27:14,890
And I got to fill your head
out with that now here.
512
00:27:14,890 --> 00:27:19,210
But I do suspect I'll probably be doing a
video on my free stuff in my free YouTube
513
00:27:19,240 --> 00:27:23,140
channel this weekend with a rant, because
I think that we have some storm clouds
514
00:27:23,140 --> 00:27:27,370
brewing that may end up, and I'm not going
to get technical and talk about levels and
515
00:27:27,370 --> 00:27:29,140
teach you where to buy and where to sell.
516
00:27:29,140 --> 00:27:32,590
But I will be talking about longterm
where I think golden silver could go.
517
00:27:32,830 --> 00:27:35,260
So you'll have to just permit me
a little bit of Liberty there, but
518
00:27:35,260 --> 00:27:39,130
I'm not teaching them anything in
this, preparing them for a potential.
519
00:27:40,260 --> 00:27:43,380
Scary time and a potential opportunity.
520
00:27:43,380 --> 00:27:46,290
They, if they use the free stuff, they
may be able to pull something out of it.
521
00:27:46,320 --> 00:27:48,870
But you'll be in here with me on
a day by day basis where we can
522
00:27:48,930 --> 00:27:49,890
actually take advantage of it.
523
00:27:50,250 --> 00:27:51,030
But I like gold.
524
00:27:51,210 --> 00:27:56,340
I like the fact that it's, uh, it's
moving into levels that if we can
525
00:27:56,340 --> 00:27:59,310
hold and consolidate here, I don't
want it to go higher right now.
526
00:27:59,760 --> 00:28:05,370
I want it to consolidate because if we can
consolidate that builds in more support,
527
00:28:06,360 --> 00:28:09,360
and it also shows that they're keeping in
consolidates and because they're building
528
00:28:09,360 --> 00:28:13,680
in large positions in small blocks, that's
wonderful because that means they're
529
00:28:13,680 --> 00:28:15,810
going to take gold to record highs.
530
00:28:16,590 --> 00:28:19,620
And I think that we have that
potential for the next 18 months.
531
00:28:19,890 --> 00:28:21,450
We could see gold at record highs.
532
00:28:21,540 --> 00:28:23,310
And you can put me on the
calendar saying that today.
533
00:28:24,090 --> 00:28:25,380
So think about that.
534
00:28:26,280 --> 00:28:33,780
Um, we're gonna be launching, uh, yeah,
at 1250 that, uh, that support like.
535
00:28:34,800 --> 00:28:38,010
And it becomes a
significant area of concern.
536
00:28:38,040 --> 00:28:39,000
Should we drop down?
537
00:28:39,450 --> 00:28:45,330
It can, it can go down below that, like on
a real strong dollar based rally, it could
538
00:28:45,330 --> 00:28:52,140
drop back down into that 1245, maybe 1244.
539
00:28:52,260 --> 00:28:53,580
I wouldn't want it to go below that.
540
00:28:54,000 --> 00:28:57,450
And preferably I'd like to see
it to stay above 1250 and create
541
00:28:57,450 --> 00:29:00,810
some long-term institutional
support around that 1250 level.
542
00:29:00,810 --> 00:29:04,920
Cause if we see that that would bode
really, really well for me and this,
543
00:29:05,250 --> 00:29:07,410
this metal could go really far.
544
00:29:08,100 --> 00:29:12,660
And if we can get that, that also
allows us to build in bullish call,
545
00:29:13,170 --> 00:29:17,070
uh, positions, where we can really,
really buy, um, out of mind calls
546
00:29:17,490 --> 00:29:21,180
with the expectation that gold could
explode on the upside going into
547
00:29:21,180 --> 00:29:22,500
the later portions of this year.
548
00:29:22,980 --> 00:29:23,820
I mean, we could see.
549
00:29:24,750 --> 00:29:26,730
Yeah, unbelievable buying opportunity.
550
00:29:27,060 --> 00:29:30,419
But right now, not so much elder
retail wants to buy it right now.
551
00:29:30,899 --> 00:29:34,919
So I want them to be chopped
up and into consolidation.
552
00:29:35,040 --> 00:29:38,220
I don't want them to be seeing higher
prices and get rewarded for that.
553
00:29:38,580 --> 00:29:42,300
I'm looking at gold to want to
stay sideways for a little while
554
00:29:42,360 --> 00:29:43,770
relative to the daily timeframe.
555
00:29:44,220 --> 00:29:44,520
Okay.
556
00:29:44,760 --> 00:29:48,149
If that happens, then that's
wonderful because it gives us the
557
00:29:48,149 --> 00:29:51,330
opportunity to wait for all the
other things to get in alignment.
558
00:29:51,690 --> 00:29:54,750
Let the dollar workout its business, let
the stock market do what it's got to do.
559
00:29:55,139 --> 00:29:58,200
And then ultimately, you know, we
could start seeing some really strong
560
00:29:58,200 --> 00:30:02,970
bicycles in gold around the middle part
portion of this issue, because if we
561
00:30:02,970 --> 00:30:07,350
start to see the high form and equities,
of course we get July, that would
562
00:30:07,350 --> 00:30:12,960
probably be indicated by really strong
bullishness of gold rate before July.
563
00:30:13,470 --> 00:30:14,669
So have that in your notes too.
564
00:30:14,669 --> 00:30:19,100
So when we start looking into June, we
really need to be paying attention to gold
565
00:30:19,100 --> 00:30:23,190
because if we start seeing real strong
accumulation in gold ahead of July 1st.
566
00:30:24,135 --> 00:30:26,325
You already know seasonally that
that's usually the time when
567
00:30:26,325 --> 00:30:29,175
stocks make a seasonal summer
high and they start trading down
568
00:30:29,175 --> 00:30:30,495
lower into September, October.
569
00:30:31,065 --> 00:30:35,805
So if that's the case, then man, we
really have a loaded deal where if we do
570
00:30:35,805 --> 00:30:40,185
get that crash in the stock market, gold
is going to be supercharged even more.
571
00:30:40,485 --> 00:30:44,175
And again, 18 months from now, we could
be at record highs on gold, but it's
572
00:30:44,175 --> 00:30:45,825
not a bicycle race at this moment.
573
00:30:45,825 --> 00:30:49,095
You have to wait for it to give you
the context and preferably, I want to
574
00:30:49,095 --> 00:30:53,265
say consolidate and we'll wait for it
to drop down during that consolidation
575
00:30:53,535 --> 00:30:55,815
to look for undervalued call options.
576
00:30:55,845 --> 00:30:59,625
Long-term, we'll go about three and
six months out for calls way out there.
577
00:30:59,805 --> 00:31:03,615
You know, maybe 150 bucks a piece, believe
me, you're paying car payments and car
578
00:31:03,615 --> 00:31:05,115
insurances and all these other things.
579
00:31:05,115 --> 00:31:05,475
Okay.
580
00:31:05,475 --> 00:31:08,505
And you probably spend a lot of
money wasted, fast food stuff
581
00:31:08,505 --> 00:31:09,375
over the course of a month.
582
00:31:09,825 --> 00:31:14,295
If you spend that, you know, accumulating
one call option for every available
583
00:31:14,355 --> 00:31:18,585
delivery month that we will be looking
at, man, you could, you could do.
584
00:31:18,975 --> 00:31:19,815
You could do very well.
585
00:31:19,815 --> 00:31:20,385
Let's put it that way.
586
00:31:21,149 --> 00:31:23,909
But we have lots of time to build that
in, but that's what I'm looking at.
587
00:31:23,909 --> 00:31:27,959
That's like a long-term horizon, what I
see with gold, but we have to wait for
588
00:31:27,959 --> 00:31:29,340
all these things to come into alignment.
589
00:31:29,340 --> 00:31:33,149
But right now we don't want to see, you
know, we don't want to see it run away
590
00:31:33,149 --> 00:31:36,980
from where we're at now, because the more
it does that, the less likely they're
591
00:31:36,990 --> 00:31:38,219
gonna be building long-term positions.
592
00:31:38,250 --> 00:31:41,310
They did that all through,
uh, this month of February.
593
00:31:41,850 --> 00:31:42,030
Okay.
594
00:31:42,030 --> 00:31:46,139
And that's the reason why we were able
to call the level higher on the metal for
595
00:31:46,139 --> 00:31:49,800
this month, because we could see that the
accumulation was taking place in February.
596
00:31:51,179 --> 00:31:54,810
We need to have, we need to see that
happen again, just in a smaller scale
597
00:31:55,919 --> 00:31:59,399
all through here, this 10 points I
like to stay at about 10 to 15 points.
598
00:31:59,399 --> 00:32:01,379
It can oscillate and you
know, back and forth.
599
00:32:01,439 --> 00:32:05,340
That's what I want to see if it
rallies from here, it doesn't
600
00:32:05,340 --> 00:32:06,959
mean it can't go longterm higher.
601
00:32:06,959 --> 00:32:08,760
Like we're saying, it just
means that we'll have to wait
602
00:32:08,760 --> 00:32:13,320
for a longer term correction,
lower or a later consolidation.
603
00:32:13,860 --> 00:32:16,620
So we're using market profiling
and forecasting there to do that.
604
00:32:21,264 --> 00:32:21,445
All right.
605
00:32:21,445 --> 00:32:23,095
We're at, uh, I pulled it to weekly.
606
00:32:23,095 --> 00:32:26,215
So you guys can see what I mentioned
on Friday's discussion about
607
00:32:26,215 --> 00:32:28,314
the level 12, I'm sorry, 1835.
608
00:32:28,345 --> 00:32:29,635
That's this weekly, low here.
609
00:32:30,745 --> 00:32:34,554
And we had the bodies of the canvas up
here a little bit higher, but I like 1850.
610
00:32:34,554 --> 00:32:35,814
Cause this is a round number.
611
00:32:36,355 --> 00:32:39,985
Uh, I'd like the fact that,
you know, we left it undone.
612
00:32:40,465 --> 00:32:43,284
Um, I'd like to see it not run it yet.
613
00:32:43,824 --> 00:32:47,845
So while I want to see 1850,
just so I can have a victory lap.
614
00:32:47,905 --> 00:32:49,615
I don't want to see it from here.
615
00:32:50,034 --> 00:32:52,615
I'd rather again, see it
consolidate a little loud in here
616
00:32:53,034 --> 00:32:55,345
and then go make a run for it.
617
00:32:55,345 --> 00:32:57,625
And I don't want it to see it go quickly.
618
00:32:58,105 --> 00:33:01,284
That's the other thing you don't
want to see it quickly run to that
619
00:33:01,284 --> 00:33:03,385
level because if they're going to
quickly run to that level, they're
620
00:33:03,385 --> 00:33:05,335
reaching for it to scale out profit.
621
00:33:05,695 --> 00:33:10,284
If it just cries it out slowly and slowly
and slowly, that means that they're
622
00:33:10,284 --> 00:33:14,314
just building more and we're watching
for every down candle to provide.
623
00:33:15,774 --> 00:33:19,074
Notice that we don't have any down
close candles here in the daily.
624
00:33:20,395 --> 00:33:24,445
Think about that, that that in
itself is a testimony to how much
625
00:33:24,445 --> 00:33:25,794
strength there is in this metal.
626
00:33:25,794 --> 00:33:27,534
And there's a lot of people
buying silver right now.
627
00:33:27,835 --> 00:33:28,465
Lots of them.
628
00:33:29,245 --> 00:33:33,745
So any correction in here that sets up
a long-term bicycle, we will be looking
629
00:33:33,745 --> 00:33:35,635
for call options and silver as well.
630
00:33:35,965 --> 00:33:41,485
Now, this one can really get exciting
because, well, man, we got a lot
631
00:33:41,574 --> 00:33:43,435
of upside potential in this metal.
632
00:33:43,855 --> 00:33:49,105
It's the poor man's gold, so they can buy
a lot of this stuff with a lot less money.
633
00:33:49,855 --> 00:33:54,564
And we can see a dynamic range on
the upside long-term and man we're
634
00:33:54,564 --> 00:33:58,554
talking like 20, $30,000 per position.
635
00:33:59,335 --> 00:34:02,125
It that's, that's the, that's
the potential in this move
636
00:34:02,125 --> 00:34:03,145
that we're watching unfold.
637
00:34:03,564 --> 00:34:06,355
And when this move and the daily
we're laughing to see some kind
638
00:34:06,355 --> 00:34:09,145
of a short-term pullback because
whatever that, when that, when that
639
00:34:09,154 --> 00:34:12,255
occurs, we are in that thing loaded.
640
00:34:13,230 --> 00:34:19,740
And we're looking for 20 to 25
30 on silver, 18 months out.
641
00:34:20,490 --> 00:34:23,220
So trust me, that's a ton of money.
642
00:34:23,430 --> 00:34:26,340
That's retirement grade type
of trades, and you're done.
643
00:34:26,730 --> 00:34:28,530
You won't even want to
trade four X after that.
644
00:34:28,530 --> 00:34:32,220
You'll be set, maybe not so
much like that, but you, you
645
00:34:32,220 --> 00:34:33,120
know, you get what I'm saying.
646
00:34:33,300 --> 00:34:34,320
That's a big lie.
647
00:34:34,670 --> 00:34:35,940
That's a life changing event.
648
00:34:36,040 --> 00:34:37,440
You get to move something like that.
649
00:34:37,950 --> 00:34:39,630
That's a mega mega trade us for that.
650
00:34:39,690 --> 00:34:44,820
They only come around maybe 10 or 15
years, but this, this market here, again,
651
00:34:44,820 --> 00:34:46,770
like I said, it's, it's a poor man's gold.
652
00:34:47,280 --> 00:34:51,450
And I think that we're looking
at a very, very precarious
653
00:34:51,450 --> 00:34:54,150
future in the U S and globally.
654
00:34:55,530 --> 00:34:59,010
And if you think about it, it's
always preached, you know, by
655
00:34:59,010 --> 00:35:01,620
precious metals, you know, buy
it, but we don't want to trade it
656
00:35:01,620 --> 00:35:04,290
through four X LTD or a Forex broker.
657
00:35:04,320 --> 00:35:06,270
You actually want to trade it
through a commodity broker.
658
00:35:06,300 --> 00:35:08,910
And that gives me to my
next point in my notes here.
659
00:35:09,420 --> 00:35:13,020
Um, everyone's asking you, where should
they invest to trade commodities?
660
00:35:13,860 --> 00:35:17,970
Um, I don't, I don't know how to say this.
661
00:35:17,970 --> 00:35:18,630
Any planner?
662
00:35:19,020 --> 00:35:21,450
I can't say go with this broker.
663
00:35:22,200 --> 00:35:22,620
Okay.
664
00:35:22,860 --> 00:35:28,740
I can't do that because to do that,
that opens thing up to, well, I can
665
00:35:28,830 --> 00:35:31,770
extend to get in trouble doing that,
but I can say this in big terms.
666
00:35:32,700 --> 00:35:37,770
If you're in the states, there are very
reputable brokerage firms that if you
667
00:35:37,770 --> 00:35:43,650
do just a quick hours survey of who's,
you know, who's out in the industry
668
00:35:43,650 --> 00:35:44,970
and how long have you been in business?
669
00:35:46,020 --> 00:35:47,880
It's pretty, it's pretty.
670
00:35:49,355 --> 00:35:51,305
And explanatory who you
should be trading with.
671
00:35:51,785 --> 00:35:54,634
Uh, if you have a little bit more
money than most, uh, and you can
672
00:35:54,634 --> 00:35:59,645
afford to, um, to be with a, a
broker like a interactive broker, uh,
673
00:35:59,674 --> 00:36:00,725
they give you a lot of flexibility.
674
00:36:00,725 --> 00:36:03,725
You can trade both stocks and commodities
and options and all that business.
675
00:36:04,205 --> 00:36:11,705
Um, I personally feel that if you have
the ability to trade, you want to be any
676
00:36:11,705 --> 00:36:13,714
broker to allow that type of flexibility.
677
00:36:14,194 --> 00:36:18,245
That means they can allow you to trade
and, uh, and they can execute for
678
00:36:18,245 --> 00:36:22,835
you both in commodities and in other
asset classes like stocks and Forex.
679
00:36:23,524 --> 00:36:27,335
Uh, but some of you immediately, you
probably aren't prepared to be able
680
00:36:27,335 --> 00:36:30,754
to trade with that much money in
terms of starting the account size,
681
00:36:31,294 --> 00:36:35,615
but eventually you will so have that
in your, in your plan of action.
682
00:36:35,615 --> 00:36:39,095
So you may be forced to start with
a smaller account, and you may
683
00:36:39,095 --> 00:36:41,794
have to start with a broker that
only allows you to do FX right now.
684
00:36:43,245 --> 00:36:43,785
That's fine.
685
00:36:43,875 --> 00:36:45,435
There's going to be
stock moves every year.
686
00:36:45,825 --> 00:36:48,495
There's going to be mega
ma mega trades every year.
687
00:36:48,674 --> 00:36:49,005
Okay.
688
00:36:49,005 --> 00:36:52,485
And just because we're calling silver and
gold to be really, really high, 18 months
689
00:36:52,485 --> 00:36:56,805
out, it doesn't go from where we're at
now to 18 month highs in a straight line.
690
00:36:56,805 --> 00:36:57,404
It doesn't do that.
691
00:36:57,855 --> 00:36:59,714
There's going to be other
opportunities to get in.
692
00:36:59,865 --> 00:37:07,335
So don't force what small little short
term constraints you have right now
693
00:37:07,755 --> 00:37:09,435
and make them into lifetime shackles.
694
00:37:09,464 --> 00:37:10,095
Don't do that.
695
00:37:10,275 --> 00:37:10,665
Okay.
696
00:37:10,694 --> 00:37:16,185
You can go into a lot of other things, but
you gotta get through smaller obstacles
697
00:37:16,185 --> 00:37:18,855
first and do well with the smaller things.
698
00:37:19,365 --> 00:37:20,535
You have a whole career ahead of you.
699
00:37:20,685 --> 00:37:26,444
So don't think that you, you have to have
every single move, the stock market crash.
700
00:37:26,444 --> 00:37:30,165
Someone who probably won't be able to
participate in that, but you'll probably
701
00:37:30,435 --> 00:37:34,875
be able to participate in the rally and in
gold and silver, which one are you going
702
00:37:34,875 --> 00:37:39,915
to be upset about missing the crash in the
stocks or missing the golden silver rally?
703
00:37:40,875 --> 00:37:41,435
Because you're going to miss.
704
00:37:42,299 --> 00:37:44,970
You can't be in both of them in case
you can't be in all three of them,
705
00:37:45,240 --> 00:37:47,339
because to do that, you actually
over leveraging your account.
706
00:37:47,609 --> 00:37:49,859
You're putting too many
things in for the same trade.
707
00:37:50,430 --> 00:37:54,600
So if we're going to expect to
see a crash in equities, that's
708
00:37:54,600 --> 00:37:56,430
going to surge gold to the moon.
709
00:37:57,089 --> 00:37:59,580
And it's also going to send
silver higher and sympathy.
710
00:37:59,580 --> 00:38:01,529
Because again, it's the poor, man's gold.
711
00:38:01,529 --> 00:38:03,959
Everyone's gonna be buying that and
they're already buying tons of it.
712
00:38:05,609 --> 00:38:08,879
It goes without saying, you have to figure
out what you're going to do right now.
713
00:38:09,120 --> 00:38:12,089
You build it in your mind,
put together a plan of action.
714
00:38:12,089 --> 00:38:12,450
So, okay.
715
00:38:12,450 --> 00:38:14,430
Well, I want to be focusing
on the silver rally.
716
00:38:14,430 --> 00:38:17,189
I want to be focusing on the gold rally,
or I want to be focusing primarily
717
00:38:17,220 --> 00:38:18,359
just on the stock market crash.
718
00:38:19,410 --> 00:38:21,569
And then you decide that
this week figure it out.
719
00:38:21,930 --> 00:38:23,009
And that's what you're gonna stick to.
720
00:38:23,669 --> 00:38:26,129
We'll be able to call all three of them.
721
00:38:26,459 --> 00:38:26,759
Okay.
722
00:38:26,759 --> 00:38:28,200
But I'm not in all three of them.
723
00:38:28,410 --> 00:38:32,189
I'm going to weigh out which, which
has the best bang for the buck.
724
00:38:32,549 --> 00:38:32,759
Okay.
725
00:38:32,759 --> 00:38:35,029
I'm gonna look at the evaluations
on put options on, on.
726
00:38:36,790 --> 00:38:42,880
Um, S and P puts, or I'm going to
look at, um, the call options on gold.
727
00:38:42,970 --> 00:38:46,300
And I'm gonna look at the cost it's
on silver, whichever one has the
728
00:38:46,360 --> 00:38:48,520
better play for undervalue options.
729
00:38:48,850 --> 00:38:52,060
That's where I'm going, because
they're all, you're all three going
730
00:38:52,060 --> 00:38:54,160
to have a millionaire maker condition.
731
00:38:54,250 --> 00:38:56,410
I mean, they're just, they
are going to move a lot.
732
00:38:57,630 --> 00:38:59,170
It doesn't matter which one you're in.
733
00:38:59,170 --> 00:39:01,120
It just means how much money
can you afford to trade?
734
00:39:01,150 --> 00:39:05,470
I mean, they're all going to make
money, but how much can you afford?
735
00:39:05,530 --> 00:39:10,230
I mean, the call options on gold may be
really expensive versus the coughs and
736
00:39:10,240 --> 00:39:14,380
silver versus the put options in equities.
737
00:39:14,590 --> 00:39:18,760
I think personally, um, as we keep going
higher, if you start watching the, put
738
00:39:19,090 --> 00:39:23,980
the call ratio, um, and also start looking
at the evaluations of puts, uh, they're
739
00:39:23,980 --> 00:39:25,240
gonna start getting more expensive.
740
00:39:25,690 --> 00:39:27,130
Uh, the diseases.
741
00:39:28,080 --> 00:39:31,860
Um, and they're really overpricing
call options because there's talk now.
742
00:39:32,460 --> 00:39:35,280
No doubt, 40,000 and doubt, 86,000.
743
00:39:35,550 --> 00:39:37,860
I mean, got some really stupid
storylines going on across the
744
00:39:38,100 --> 00:39:39,350
internet right now, a hundred thousand.
745
00:39:39,360 --> 00:39:44,460
Now look, man, if I see a hundred thousand
now, between now, and when I lay my
746
00:39:44,460 --> 00:39:46,920
head down for the first time, you know,
whoever made that call, I'll send them
747
00:39:46,920 --> 00:39:48,720
a million dollars in a cashier's check.
748
00:39:48,720 --> 00:39:50,910
There's no way that's
that that's not happening.
749
00:39:51,210 --> 00:39:53,760
There's no way we're seeing
down 100,000 in my lifetime.
750
00:39:53,790 --> 00:39:57,900
So I think we have more downside
than we have upside on equities.
751
00:39:58,260 --> 00:40:01,200
And that's why we're not talking about
the last time we talked about equities
752
00:40:01,590 --> 00:40:02,880
was I said it was going to go higher.
753
00:40:03,450 --> 00:40:04,860
We're in record highs.
754
00:40:05,250 --> 00:40:08,310
I don't know what it's doing
until it starts to break down.
755
00:40:08,940 --> 00:40:10,020
And I've already said that.
756
00:40:10,020 --> 00:40:12,840
So in case, and I'm reading my
notes off right now, the folks
757
00:40:12,840 --> 00:40:15,240
that are saying, you know, you're,
you're not talking about equities.
758
00:40:15,360 --> 00:40:16,080
Yeah, I did.
759
00:40:16,260 --> 00:40:17,250
I said, we're going higher.
760
00:40:17,850 --> 00:40:20,400
And because we're in historical
highs, we're, where's the resistance
761
00:40:20,400 --> 00:40:22,380
at where's my bears shorter blocks.
762
00:40:22,830 --> 00:40:24,810
Where's my mitigation lock.
763
00:40:24,840 --> 00:40:26,490
Where's my liquidity void.
764
00:40:26,760 --> 00:40:27,150
We're making.
765
00:40:28,290 --> 00:40:29,730
These are all historical levels.
766
00:40:30,420 --> 00:40:32,759
So I'm not trying to buy these levels.
767
00:40:33,180 --> 00:40:35,700
I'm more inclined to focus
when we start to trade lower.
768
00:40:36,089 --> 00:40:40,140
When that happens, then I'll have, I'll
have more to say, but right now I don't
769
00:40:40,140 --> 00:40:41,670
have anything to say for X going higher.
770
00:40:42,089 --> 00:40:46,109
So we have to wait and we keep watching
any short term, low on a daily chart.
771
00:40:46,770 --> 00:40:48,240
And then we, you know, we follow that.
772
00:40:48,540 --> 00:40:52,920
If that breaks down, then now help
us see silver and gold go higher.
773
00:40:54,810 --> 00:40:57,629
And I please this with the
last payer Japanese yen.
774
00:40:59,750 --> 00:41:00,109
Okay.
775
00:41:00,200 --> 00:41:01,850
Now we have a daily order block down here.
776
00:41:02,569 --> 00:41:08,839
I think most we'll see price draw down
to 1 10 90 for that 1 10, 11, excuse me.
777
00:41:08,839 --> 00:41:09,410
A big figure.
778
00:41:09,529 --> 00:41:18,970
And if we reject that level, we have cells
by stops right about here, and we have a
779
00:41:18,970 --> 00:41:25,899
real nice rejection box scenario for that,
that would come in the form of 1 13, 16.
780
00:41:27,310 --> 00:41:27,470
Yeah.
781
00:41:27,470 --> 00:41:33,480
So at 1 13 60, I'll have these levels
actually put on the dollar yak.
782
00:41:33,540 --> 00:41:37,680
I honestly, I, I avoid
this pair like hemlock.
783
00:41:37,680 --> 00:41:38,640
I don't want to get near it.
784
00:41:38,640 --> 00:41:39,150
I hate it.
785
00:41:39,360 --> 00:41:40,110
I hate this pair.
786
00:41:40,560 --> 00:41:44,460
I load this pair, but I promised
I would bring commentary to it.
787
00:41:44,460 --> 00:41:45,960
So, uh, I know, I forgot.
788
00:41:45,960 --> 00:41:50,340
Like I think I maybe twice last week
putting, um, the charts together for this
789
00:41:50,340 --> 00:41:54,960
one, but I will tie shoe string around
my phone today to make sure I don't
790
00:41:54,960 --> 00:41:59,550
forget that I had to put together your,
uh, dollar yen commentary, but I think
791
00:41:59,550 --> 00:42:01,230
we'll probably see a rundown to that.
792
00:42:02,010 --> 00:42:03,510
One of them big figure 1 10 90.
793
00:42:03,510 --> 00:42:05,640
It could stab down to 1 10 80.
794
00:42:06,360 --> 00:42:09,030
I think we're more inclined to go
lower on this pair than we are higher.
795
00:42:09,870 --> 00:42:11,040
We're in the lower end of the range.
796
00:42:11,040 --> 00:42:13,200
I don't see any bullets or
blocks down here to justify it.
797
00:42:13,200 --> 00:42:15,360
And we've already went through the means
threshold or you have the smaller one,
798
00:42:15,360 --> 00:42:18,090
which wouldn't have been used anyway,
cause it's inside of the small, this
799
00:42:18,090 --> 00:42:19,590
range is inside the larger bullish or.
800
00:42:21,560 --> 00:42:24,140
So more, more likely
we're going to go lower.
801
00:42:24,500 --> 00:42:26,720
We do have to watch the rejection
block down here, though.
802
00:42:26,720 --> 00:42:31,550
We have this candle's lowest body
is the open on this candle here.
803
00:42:31,550 --> 00:42:34,670
And that comes in at 1 12 30.
804
00:42:35,029 --> 00:42:35,390
I'm sorry.
805
00:42:36,050 --> 00:42:37,850
And 1 11 82.
806
00:42:38,600 --> 00:42:39,860
So 1 11 85.
807
00:42:39,950 --> 00:42:41,960
We have to be mindful of that level.
808
00:42:42,920 --> 00:42:47,000
If we trade down below that we could see
a little bit of, uh, uh, on the other way.
809
00:42:48,620 --> 00:42:54,140
But apart from that, I think we're going
down one 11 big figure to 1 11, 1 10 90.
810
00:42:55,730 --> 00:42:56,270
And that's it.
811
00:42:56,270 --> 00:43:02,450
So, um, let's go over, I mean, one second,
we're gonna transition to bar chart.
812
00:43:05,360 --> 00:43:07,640
Uh, while I'm doing this,
can you ask him for him?
813
00:43:07,640 --> 00:43:08,140
You can hear me.
814
00:43:08,150 --> 00:43:10,700
I got one member saying that.
815
00:43:10,790 --> 00:43:12,410
Uh, he can't hear me talking.
816
00:43:12,410 --> 00:43:12,920
Can you hear me?
817
00:43:13,820 --> 00:43:14,029
Okay.
818
00:43:14,029 --> 00:43:14,720
I just wanna make sure.
819
00:43:15,050 --> 00:43:15,320
Thank you.
820
00:43:15,320 --> 00:43:15,620
Appreciate.
821
00:43:20,355 --> 00:43:20,715
Okay.
822
00:43:20,715 --> 00:43:24,495
You should be seeing my family
reunion pictures from 2014.
823
00:43:24,495 --> 00:43:25,065
Can you see that?
824
00:43:28,665 --> 00:43:31,245
Just gotta make sure you guys
are paying attention, wake up.
825
00:43:34,515 --> 00:43:34,845
All right.
826
00:43:34,845 --> 00:43:36,825
So we're looking at,
this is a soybean market.
827
00:43:37,155 --> 00:43:41,655
Now this conversation is going to be,
um, along the lines of swing trading.
828
00:43:42,105 --> 00:43:42,285
Okay.
829
00:43:42,285 --> 00:43:45,405
So we're not teaching commodities here
about, it's going to show you that
830
00:43:45,735 --> 00:43:47,685
this stuff works in all asset classes.
831
00:43:48,165 --> 00:43:49,185
So I said we would do a stock.
832
00:43:49,185 --> 00:43:53,295
We would do a commodity and
we'll do a, um, an FX pair.
833
00:43:54,015 --> 00:43:55,905
So we take this volume off.
834
00:44:01,885 --> 00:44:02,275
Okay.
835
00:44:04,105 --> 00:44:07,615
And to get to these charts, all you do is
you mean, when you go to bar chart.com,
836
00:44:07,855 --> 00:44:10,195
you go up to here, slick select commodity.
837
00:44:11,275 --> 00:44:13,495
I like soybeans is a
good benchmark for green.
838
00:44:14,975 --> 00:44:17,095
And then you go over here and
click on technical chart, it'll
839
00:44:17,525 --> 00:44:18,725
you to the nearest contract.
840
00:44:23,475 --> 00:44:23,835
Okay.
841
00:44:24,615 --> 00:44:26,985
And you can just set it
up to whatever you want.
842
00:44:27,975 --> 00:44:34,725
We don't use candlesticks and
new indicators with no volume
843
00:44:38,565 --> 00:44:39,134
and there you go.
844
00:44:39,285 --> 00:44:39,765
You have it.
845
00:44:42,165 --> 00:44:46,365
And we're gonna look at this
little area right in here.
846
00:44:48,975 --> 00:44:49,305
Okay.
847
00:44:49,995 --> 00:44:53,985
Relative to the last time price
traded away from this consolidation.
848
00:44:53,985 --> 00:45:01,875
So we have this candles close 1,
10 25, and this candles close here.
849
00:45:03,195 --> 00:45:06,855
Um, $10 a bushel.
850
00:45:07,995 --> 00:45:11,805
So we have the range defined as such.
851
00:45:11,835 --> 00:45:12,674
We don't look at the Wix.
852
00:45:12,674 --> 00:45:13,455
We could care less about that.
853
00:45:14,475 --> 00:45:19,485
We have the last down candle right in
here combined with this small little one.
854
00:45:19,785 --> 00:45:20,115
Okay.
855
00:45:20,475 --> 00:45:26,505
So again, we, if we look at that in terms
of, um, open let's look at that, right?
856
00:45:28,185 --> 00:45:33,195
Uh, 10, 17, and then the
close on this one is 10.
857
00:45:33,195 --> 00:45:34,125
So we have 17.
858
00:45:34,125 --> 00:45:38,705
So we're going to round it to eight
from the, uh, road that would be 10
859
00:45:38,705 --> 00:45:41,535
0 8 and we'd be coming down to price.
860
00:45:41,565 --> 00:45:43,965
It's 10, 10 to 10 tens a level.
861
00:45:44,145 --> 00:45:44,505
Okay.
862
00:45:44,625 --> 00:45:46,125
Does anybody understand what this did?
863
00:45:46,125 --> 00:45:50,795
Or let me ask it this way that this
confusion, anybody with this, if
864
00:45:50,795 --> 00:45:54,905
you're confused right now, tell me
are, and I'll just explain it again.
865
00:45:56,975 --> 00:45:57,275
Okay.
866
00:45:57,305 --> 00:45:58,985
There's a lot of people
saying these are okay.
867
00:45:59,495 --> 00:46:05,625
What I'm looking at is this down candle
right here and this down Candler here.
868
00:46:06,600 --> 00:46:11,340
And I'm blending the two bodies
together to make one candle as a range.
869
00:46:11,370 --> 00:46:11,820
Okay.
870
00:46:12,810 --> 00:46:14,610
Because this candle has got it down close.
871
00:46:14,610 --> 00:46:18,000
And this down chemo, you
know, is right after this one.
872
00:46:18,299 --> 00:46:20,610
And then you start seeing
price high move higher.
873
00:46:21,090 --> 00:46:24,029
This is the lowest down
close prior to the up move.
874
00:46:25,020 --> 00:46:30,779
You have to combine the two or
consecutive down, closes that trades
875
00:46:30,930 --> 00:46:32,790
prior to the lowest down close.
876
00:46:32,790 --> 00:46:34,350
That's how you do or block theory.
877
00:46:35,520 --> 00:46:36,840
It's not supplying demand zones.
878
00:46:36,870 --> 00:46:38,250
It's actual ranges.
879
00:46:38,250 --> 00:46:40,470
You define where they do
their buying programs.
880
00:46:40,770 --> 00:46:45,570
So from the open on this candle asset,
we're just going to round it to 17.
881
00:46:45,570 --> 00:46:46,529
We're going to take the half off.
882
00:46:46,560 --> 00:46:46,830
Okay.
883
00:46:47,220 --> 00:46:49,470
So that's saying, uh, 10, 17.6.
884
00:46:49,920 --> 00:46:53,880
We're just gonna say it's 10, 17, or
this is a easy, let's call it 10 18.
885
00:46:54,120 --> 00:46:54,990
Can we all agree on that?
886
00:46:59,250 --> 00:47:03,540
So we're going to say the range
begins at 10, 18 and the lowest
887
00:47:03,570 --> 00:47:05,130
close on this candle right here.
888
00:47:06,730 --> 00:47:09,069
That close comes in at $10, even.
889
00:47:09,610 --> 00:47:15,190
So now we have a range of 18 cents because
soybeans, trades and cents per bushel.
890
00:47:15,910 --> 00:47:18,460
So it's 18 cents for soybeans in a range.
891
00:47:18,700 --> 00:47:20,080
If we divide that in half.
892
00:47:20,529 --> 00:47:20,980
Okay.
893
00:47:21,790 --> 00:47:22,779
What would that range be?
894
00:47:22,930 --> 00:47:23,620
No incorrect.
895
00:47:26,970 --> 00:47:32,730
So if we add nine to the low,
low close, which would be 10 0 9.
896
00:47:33,779 --> 00:47:38,880
So in the nearest term, the nearest
price level of a five or a zero level,
897
00:47:39,180 --> 00:47:48,410
is it closer to 10 0 5 or 10, 10, 10, 10.
898
00:47:49,850 --> 00:47:54,049
Now the way we filter that is prices
coming down and we're going to
899
00:47:54,049 --> 00:47:55,100
talk about this area right in here.
900
00:47:55,520 --> 00:47:58,130
Prices coming down into one 10 there.
901
00:47:58,940 --> 00:48:00,350
So it's already above one 10.
902
00:48:00,830 --> 00:48:02,029
It can go to one 10.
903
00:48:02,569 --> 00:48:02,870
I'm sorry.
904
00:48:02,870 --> 00:48:03,710
I can go to 10 0 5.
905
00:48:04,785 --> 00:48:09,615
But we're looking forward to go to 10, 10,
because that's the demean threshold of the
906
00:48:09,645 --> 00:48:14,895
multi candled bullish or block, which is
the two down closes prior to the up move.
907
00:48:14,925 --> 00:48:16,755
So they were buying all through here.
908
00:48:17,295 --> 00:48:17,685
Okay.
909
00:48:19,725 --> 00:48:23,865
So now we have our level it's 10, 10
to now, do you understand why 10 10 is
910
00:48:23,865 --> 00:48:26,925
going to be referred to and not just
picked out because it worked out great.
911
00:48:32,025 --> 00:48:32,205
Okay.
912
00:48:32,205 --> 00:48:33,285
I'm only looking for the news.
913
00:48:33,705 --> 00:48:33,945
Good.
914
00:48:33,975 --> 00:48:34,395
Awesome.
915
00:48:36,075 --> 00:48:39,525
The response is not that I'm
looking for the, the, uh, the
916
00:48:39,585 --> 00:48:40,755
folks that aren't following along.
917
00:48:41,835 --> 00:48:42,015
Okay.
918
00:48:42,015 --> 00:48:45,165
So we have one 10, sorry,
10, 10 as our level.
919
00:48:45,165 --> 00:48:47,655
So we're going to look
at January timeframe.
920
00:48:47,895 --> 00:48:48,345
Okay.
921
00:48:48,765 --> 00:48:52,665
And I want you to take a look at how
price re reacted around that 10, 10 level.
922
00:48:53,805 --> 00:48:59,895
So we have a higher timeframe daily at 10,
10, an old institutional level back here.
923
00:49:00,165 --> 00:49:01,905
So this would be what kind of PD or.
924
00:49:02,895 --> 00:49:03,705
What's 10, 10.
925
00:49:03,705 --> 00:49:04,845
What kind of PD raise that?
926
00:49:05,835 --> 00:49:06,705
Don't jump ahead.
927
00:49:06,705 --> 00:49:08,085
We're only looking at a
daily chart right now.
928
00:49:08,145 --> 00:49:11,325
What is the PD array at 10 10 on a daily.
929
00:49:13,515 --> 00:49:16,035
It's a discount PD array, but what type?
930
00:49:19,935 --> 00:49:23,384
Jacob has a, he's got a
bull shorter block or bop.
931
00:49:24,134 --> 00:49:24,884
W very good.
932
00:49:24,884 --> 00:49:25,245
Very good.
933
00:49:25,274 --> 00:49:25,785
Nice thing.
934
00:49:25,814 --> 00:49:28,814
Okay, so now we have a bullet or a
block now real quick, without looking
935
00:49:28,814 --> 00:49:29,835
through your notes, don't cheat.
936
00:49:31,125 --> 00:49:36,225
What kind of entry technique do
you use for a bullish order block?
937
00:49:37,814 --> 00:49:39,464
Do you buy on a limit or buy on a stop?
938
00:49:46,024 --> 00:49:47,645
Some of you have to look
at your notes again.
939
00:49:49,924 --> 00:49:51,455
So you got to look at your nose.
940
00:49:54,335 --> 00:49:56,825
I'm not going to, I don't
wanna cause it's really 50, 50.
941
00:49:56,825 --> 00:49:58,384
I'm not gonna correct you openly here.
942
00:49:58,685 --> 00:49:59,615
Go to your notes.
943
00:49:59,734 --> 00:50:00,185
Okay.
944
00:50:00,274 --> 00:50:01,745
And you'll see what you should have been.
945
00:50:02,535 --> 00:50:05,415
And some of you will know that
you were right then, but 10,
946
00:50:05,415 --> 00:50:07,815
10, I'll say it like this.
947
00:50:09,975 --> 00:50:16,365
If you're trading below an old, low
or above and old high what's that
948
00:50:16,365 --> 00:50:20,445
essentially doing like it does here,
like this old low here, believe
949
00:50:20,445 --> 00:50:21,405
me, I'm going somewhere with this.
950
00:50:21,405 --> 00:50:23,025
So if I'm not, I'm not
going down rabbit trails.
951
00:50:23,025 --> 00:50:24,375
This is all salient things.
952
00:50:24,975 --> 00:50:27,855
This old low, when price trades
below that what's actually happening.
953
00:50:28,995 --> 00:50:30,465
They're reaching for stops.
954
00:50:31,815 --> 00:50:32,805
They're reaching for stops.
955
00:50:33,045 --> 00:50:37,425
So if you know that this is the
candles bodies lowest, low, okay.
956
00:50:37,785 --> 00:50:40,665
At that moment, then you can do
limit orders because you're trying
957
00:50:40,665 --> 00:50:41,985
to get down there where they are.
958
00:50:42,285 --> 00:50:46,215
You want to be buying on a limit down
below that, that body Candler here
959
00:50:48,485 --> 00:50:55,925
buying on a stop is best used for
void fair value gaps and order blocks,
960
00:50:56,255 --> 00:50:57,875
because you don't know for certain.
961
00:50:58,995 --> 00:51:00,464
How deep it's going to go.
962
00:51:00,464 --> 00:51:02,924
It can go to that level of the high.
963
00:51:03,134 --> 00:51:05,955
It can go to the open, or it can
go down to the means threshold
964
00:51:05,955 --> 00:51:07,214
and they'll still be good.
965
00:51:08,685 --> 00:51:09,105
Correct.
966
00:51:14,845 --> 00:51:19,734
So all of the discussion, all this
discussion about where do you buy a
967
00:51:19,734 --> 00:51:21,625
bullish or block it's all removes.
968
00:51:21,625 --> 00:51:25,944
If he used the entry technique of buying
on a stock, go back into January's content
969
00:51:26,185 --> 00:51:29,185
and you'll see how the candles broken
down and how you buy on the stock, where
970
00:51:29,185 --> 00:51:32,214
your buy order is going to be at and where
you're still, uh, your going to be yet.
971
00:51:33,565 --> 00:51:36,984
So I use the order blocks to give
me the framework, the context of
972
00:51:36,984 --> 00:51:41,245
buy or sell, but I use the buy stop
entry technique to get me into it.
973
00:51:41,634 --> 00:51:46,674
The limit orders are best used when
you're getting below a level and they're
974
00:51:46,674 --> 00:51:49,315
reaching down there and you know that
it's going to be reaching for that level.
975
00:51:49,315 --> 00:51:53,214
So therefore it's better to do
a limit order then, and try not
976
00:51:53,214 --> 00:51:56,305
to use limit orders if you use
order blocks, unless you're going
977
00:51:56,305 --> 00:51:57,475
to use the high on the order of.
978
00:51:58,425 --> 00:52:01,845
And it's bullish or the open and you
were already below the opening then.
979
00:52:01,845 --> 00:52:01,995
Yeah.
980
00:52:01,995 --> 00:52:06,435
You can do a limit order, you know,
something like that, but generally
981
00:52:06,435 --> 00:52:09,705
I'm buying a stock on bullish, shorter
blocks and bear shorter blocks.
982
00:52:09,884 --> 00:52:14,505
I'm selling this stuff because I, I
just let the market tell me it's going
983
00:52:14,505 --> 00:52:17,775
in that direction after it's already
moved to a level into an order block.
984
00:52:17,835 --> 00:52:18,345
I don't care.
985
00:52:18,795 --> 00:52:22,154
I just know if you look at the
charts, you'll see that once they
986
00:52:22,154 --> 00:52:26,115
take off, they don't really come back
and you sell, stop and buy stuff.
987
00:52:26,115 --> 00:52:26,625
Stay there.
988
00:52:27,075 --> 00:52:32,835
Uh, respectively, um, if my screens,
um, going into, on your end.
989
00:52:35,105 --> 00:52:35,555
Okay.
990
00:52:38,375 --> 00:52:38,525
All right.
991
00:52:38,525 --> 00:52:41,465
So we have one 10, I'm
sorry, 10, 10 on the daily.
992
00:52:41,495 --> 00:52:41,735
Okay.
993
00:52:41,735 --> 00:52:46,965
Let's go out to a weekly chart
just to confirm anything that
994
00:52:46,965 --> 00:52:51,315
may exist on a $10 or 10, 10 big.
995
00:52:59,924 --> 00:53:01,035
What's this right here.
996
00:53:11,944 --> 00:53:12,964
What timeframe is this?
997
00:53:13,325 --> 00:53:14,044
It's a weekly, right?
998
00:53:16,325 --> 00:53:18,424
So this candle right here,
999
00:53:22,504 --> 00:53:24,785
it's bad to be traded into right there.
1000
00:53:29,654 --> 00:53:36,615
So we have a weekly boils or a block layer
going back to this timeframe as well.
1001
00:53:37,245 --> 00:53:42,705
This last down candle blending
with this body and this body
1002
00:53:42,705 --> 00:53:45,524
together, you have a multi candled.
1003
00:53:46,064 --> 00:53:46,395
What?
1004
00:53:52,404 --> 00:53:54,444
It was traded through bullishly here.
1005
00:53:55,315 --> 00:54:00,285
So now if we returned back down
into this whole range here, that
1006
00:54:00,285 --> 00:54:01,515
would be a potential bullish area.
1007
00:54:02,835 --> 00:54:04,725
Key going through, cut
through some candles.
1008
00:54:05,685 --> 00:54:06,645
What's this back here,
1009
00:54:15,955 --> 00:54:16,734
it's an old high
1010
00:54:22,294 --> 00:54:25,384
looking at, look at the
sensitivity at that one 10 level.
1011
00:54:25,714 --> 00:54:27,395
How many times we worked off that level?
1012
00:54:27,395 --> 00:54:29,194
We had the opening here.
1013
00:54:29,464 --> 00:54:30,665
We had it hit here.
1014
00:54:30,815 --> 00:54:34,805
We had it hit here, close
on this candles here.
1015
00:54:35,285 --> 00:54:40,355
So we have a lot of levels of support
and resistance around that one.
1016
00:54:40,694 --> 00:54:41,674
That 10, 10 level.
1017
00:54:43,145 --> 00:54:43,924
We see it.
1018
00:54:43,924 --> 00:54:47,044
Leave this area here on a strong buy.
1019
00:54:48,214 --> 00:54:49,055
So 10 times.
1020
00:54:49,904 --> 00:54:53,265
Or 10 big figure is a nice support level.
1021
00:54:58,975 --> 00:54:59,395
Okay.
1022
00:54:59,785 --> 00:55:04,674
So if you see price rally away,
it price rounds away from here.
1023
00:55:04,825 --> 00:55:08,469
We know that smart money is doing
what at that level, $10, a 10
1024
00:55:08,469 --> 00:55:11,185
20 0 10, 10, the $10 big figure.
1025
00:55:11,185 --> 00:55:15,035
What is it they're buying.
1026
00:55:15,605 --> 00:55:15,964
Okay.
1027
00:55:16,565 --> 00:55:20,254
So if they bought strongly in November,
now we can go back out to a daily.
1028
00:55:30,714 --> 00:55:31,495
Hang on one second.
1029
00:55:32,815 --> 00:55:33,504
Hang on one second.
1030
00:55:37,424 --> 00:55:37,634
Okay.
1031
00:55:37,634 --> 00:55:40,275
So we have our 10, 10 level here.
1032
00:55:40,634 --> 00:55:42,705
Here's that November LA area here.
1033
00:55:45,555 --> 00:55:50,715
Price trades down into that
$10 and 10, 10 level here.
1034
00:55:53,155 --> 00:55:54,775
So we're inside at this level here.
1035
00:55:54,775 --> 00:55:55,345
10, 10.
1036
00:55:55,375 --> 00:56:00,145
We're already at a weekly order
block, but notice it went lower.
1037
00:56:00,145 --> 00:56:00,865
It went deeper.
1038
00:56:01,315 --> 00:56:01,765
Okay.
1039
00:56:01,945 --> 00:56:05,635
So at this moment here, we're
already looking for 10, 10, but
1040
00:56:05,635 --> 00:56:06,865
Trek it, price trades through it.
1041
00:56:06,865 --> 00:56:11,505
So what do we think now to processes?
1042
00:56:11,505 --> 00:56:11,865
Okay.
1043
00:56:11,865 --> 00:56:13,125
Where do we go next?
1044
00:56:13,215 --> 00:56:14,505
What's the next level.
1045
00:56:14,505 --> 00:56:18,645
If we broke the weekly, we dropped down
to a daily where's the daily bullish
1046
00:56:18,645 --> 00:56:21,795
or block or a daily discount PD, right?
1047
00:56:22,395 --> 00:56:26,865
It's over here all inside
this entire range in here.
1048
00:56:27,705 --> 00:56:32,265
So this last down candle, which
is, which is a lowest down move
1049
00:56:32,345 --> 00:56:34,845
Lowe's candle has down close.
1050
00:56:35,475 --> 00:56:37,605
It's open starts this race.
1051
00:56:38,384 --> 00:56:42,915
And then you divide the open, the
close, the body to get the means
1052
00:56:42,915 --> 00:56:44,924
threshold, not the wicks, the hind end.
1053
00:56:45,194 --> 00:56:45,794
I don't want that.
1054
00:56:46,274 --> 00:56:55,214
I want the body of the candle, the
opens 9,997 and the close is 9 78.
1055
00:56:55,665 --> 00:56:58,515
So basically a 20 we'll
just call it twine.
1056
00:56:59,024 --> 00:57:03,345
So you have a, a mean threshold
of what, what would that be?
1057
00:57:07,294 --> 00:57:08,075
Nine 90, right?
1058
00:57:09,544 --> 00:57:11,555
Ball-parking it to a near zero level.
1059
00:57:12,634 --> 00:57:13,835
So that puts us around in here.
1060
00:57:14,194 --> 00:57:14,495
Okay.
1061
00:57:14,495 --> 00:57:17,915
Price trades down just a little bit
through it, consolidates around it.
1062
00:57:18,964 --> 00:57:25,325
And then does what explodes really big
notice what happens before the move that
1063
00:57:25,835 --> 00:57:27,815
sees us rallied shrink extremely higher.
1064
00:57:30,815 --> 00:57:32,015
We have a big range here.
1065
00:57:32,075 --> 00:57:34,685
Small rain, smaller rain,
small rain, small rains.
1066
00:57:34,685 --> 00:57:36,035
And then boom, we got a big range.
1067
00:57:36,915 --> 00:57:40,395
Smaller range, big range and small range.
1068
00:57:41,325 --> 00:57:43,635
What's this candle rate here,
1069
00:57:47,685 --> 00:57:48,765
that little up candle.
1070
00:57:50,835 --> 00:57:51,375
What is that?
1071
00:57:53,635 --> 00:57:55,225
We just started talking about inside.
1072
00:57:55,465 --> 00:57:57,235
It's an inside candle or inside bar.
1073
00:57:59,105 --> 00:58:00,455
It's a volatility filter.
1074
00:58:00,905 --> 00:58:05,825
We know now that it can't go lower
because it didn't trade lower.
1075
00:58:06,845 --> 00:58:11,675
The range is now inside the previous
days range at the time when we
1076
00:58:11,675 --> 00:58:13,655
expect price to do what go higher.
1077
00:58:16,695 --> 00:58:18,705
So consider the conditions we have there.
1078
00:58:19,605 --> 00:58:24,555
We have price wanting to retrace
back down to a weekly order block.
1079
00:58:24,885 --> 00:58:31,345
Bullishly 10, 10 to 10 big
figure reduced down to a daily
1080
00:58:31,345 --> 00:58:32,995
bullish or block it's only 10.
1081
00:58:34,470 --> 00:58:37,950
Went down to nine $99
and 90 cents a bushel.
1082
00:58:40,230 --> 00:58:44,220
Now we are at a level at which we
see bullish or block on a daily we're
1083
00:58:44,220 --> 00:58:45,900
inside of a weekly bullish order block.
1084
00:58:46,830 --> 00:58:49,470
We called this higher because
of the weakness in the dollar.
1085
00:58:49,830 --> 00:58:53,160
I said that if dollar slips or goes
lower or it goes in consolidations, that
1086
00:58:53,160 --> 00:58:55,950
will allow soybeans to rally at nine 90.
1087
00:58:55,950 --> 00:58:59,460
Then we saw inside candle at
a time when we're at support.
1088
00:59:05,050 --> 00:59:10,000
Um, I'm not sure what you're
asking Ricardo, but I don't
1089
00:59:10,000 --> 00:59:11,320
want to be distracted.
1090
00:59:11,320 --> 00:59:14,680
So about, you asked this, I have to
answer it now, but after I answered this
1091
00:59:14,680 --> 00:59:16,300
one, I'm not going to answer anything
else that we get through the end.
1092
00:59:17,140 --> 00:59:18,550
What are you referring to 90 cents?
1093
00:59:31,620 --> 00:59:33,960
Um, it would be $9 and 90 cents a bushel
1094
00:59:39,970 --> 00:59:42,730
each, uh, each increment is a penny.
1095
00:59:45,620 --> 00:59:46,250
It's a bushel.
1096
00:59:46,310 --> 00:59:47,629
They, they, they trade in bushels.
1097
00:59:48,109 --> 00:59:49,939
Most grains are traded in bushels sizes.
1098
00:59:51,259 --> 00:59:54,529
5,000 bushels per contract
is what it is in every one.
1099
00:59:54,529 --> 00:59:56,450
Cent movement is a penny.
1100
00:59:56,870 --> 00:59:57,259
Okay.
1101
00:59:58,669 --> 01:00:00,529
So we have nine 90 is our level.
1102
01:00:00,529 --> 01:00:03,980
We also have an inside candle, which
is what, what kind of filter is
1103
01:00:03,980 --> 01:00:09,200
that we give a very specific, um,
condition that would, that draws.
1104
01:00:09,319 --> 01:00:10,490
It's a volatility filter.
1105
01:00:10,549 --> 01:00:13,790
So what is it telling us by itself?
1106
01:00:13,790 --> 01:00:20,419
It tells us what what's our, what's our
expected, um, observation going forward.
1107
01:00:21,439 --> 01:00:25,970
Price is going to do what stay in an
air sideways consolidation, retrace.
1108
01:00:26,000 --> 01:00:26,359
What's going to.
1109
01:00:27,509 --> 01:00:29,340
Exactly explosive, big move.
1110
01:00:29,820 --> 01:00:35,070
Now, any old inside candle
doesn't mean anything by itself.
1111
01:00:37,830 --> 01:00:41,340
He believed that Bella stepped on my
iPhone and started making it talk.
1112
01:00:41,560 --> 01:00:45,870
Get away from me, grow the,
uh, the volatility filter.
1113
01:00:46,350 --> 01:00:46,590
Okay.
1114
01:00:46,600 --> 01:00:47,640
Have an inside candle.
1115
01:00:48,060 --> 01:00:50,490
Doesn't do anything by itself.
1116
01:00:51,240 --> 01:00:55,080
An inside candle at a support level,
when price is already predisposed to
1117
01:00:55,080 --> 01:00:59,279
go higher is the last little warning
sign that this Babel is getting
1118
01:00:59,279 --> 01:01:00,779
ready to take off and explode.
1119
01:01:01,440 --> 01:01:01,830
Okay.
1120
01:01:02,820 --> 01:01:05,820
Notice that, that on your soybean
chart, if you pulled it up too,
1121
01:01:05,820 --> 01:01:06,840
it's going to look just like mine.
1122
01:01:07,259 --> 01:01:07,620
Okay.
1123
01:01:07,650 --> 01:01:10,980
And it's going to have this rural
lethargic slow rally, right?
1124
01:01:11,759 --> 01:01:14,340
No way it wasn't lethargic
and it wasn't slow.
1125
01:01:14,730 --> 01:01:16,800
What was it in one term?
1126
01:01:16,830 --> 01:01:19,980
Define that and how much, how
much energy was in this move?
1127
01:01:20,759 --> 01:01:21,570
Explosive.
1128
01:01:22,680 --> 01:01:23,670
Boom exploded.
1129
01:01:24,569 --> 01:01:24,930
Okay.
1130
01:01:25,170 --> 01:01:30,029
So when we see these conditions
meet where we have a hard timeframe,
1131
01:01:30,029 --> 01:01:36,180
PDA, we have a, uh, daily PDA,
and we go down into a four hour.
1132
01:01:37,080 --> 01:01:37,470
Okay.
1133
01:01:37,740 --> 01:01:40,799
We can go into a four hour
when we see price trading
1134
01:01:40,799 --> 01:01:42,420
down into that nine 90 level.
1135
01:01:42,450 --> 01:01:44,430
So that's what we're going to do
because that's all swing trading
1136
01:01:44,640 --> 01:01:47,009
permits as we can't go anything
lower than that to frame a trade.
1137
01:01:47,549 --> 01:01:52,020
So we're going to go down to a
intraday for our chart and change a
1138
01:01:52,020 --> 01:01:53,970
time to two 40 that's a four hour.
1139
01:01:55,830 --> 01:01:56,400
Are we out here
1140
01:02:01,330 --> 01:02:04,569
and look one month of data?
1141
01:02:07,450 --> 01:02:07,630
Yep.
1142
01:02:07,779 --> 01:02:08,200
Yes.
1143
01:02:09,160 --> 01:02:09,819
Wrong time.
1144
01:02:09,850 --> 01:02:10,630
Two 40.
1145
01:02:13,970 --> 01:02:14,830
You say one month.
1146
01:02:14,980 --> 01:02:15,250
All right.
1147
01:02:16,060 --> 01:02:20,410
So here's our January crossover in
the February time period, we have
1148
01:02:20,410 --> 01:02:21,850
price trading below an old low.
1149
01:02:23,430 --> 01:02:27,029
And price drops down, hits
it, rejects and rallies away.
1150
01:02:27,569 --> 01:02:27,960
Okay.
1151
01:02:28,830 --> 01:02:34,110
This series of two down candles,
is that not the lowest of the down
1152
01:02:34,110 --> 01:02:35,549
Candler before this up move correct?
1153
01:02:35,549 --> 01:02:35,880
Or no?
1154
01:02:38,870 --> 01:02:39,080
Yeah.
1155
01:02:39,100 --> 01:02:40,069
Soybeans has options.
1156
01:02:40,730 --> 01:02:40,910
All right.
1157
01:02:40,910 --> 01:02:44,089
So this is a bullish or block
to two down candles together.
1158
01:02:44,100 --> 01:02:46,160
We would blend the body okay.
1159
01:02:46,400 --> 01:02:51,350
To give us the order block for
a potential downside level to
1160
01:02:51,350 --> 01:02:53,839
hit the border block begins.
1161
01:02:54,200 --> 01:02:58,580
When we noted, where we, where do we
start our level at four bullish or
1162
01:02:58,580 --> 01:03:01,370
bearish and worry about it in this
case for the bullshitter block, what
1163
01:03:01,370 --> 01:03:02,750
level do we have noted on our charts?
1164
01:03:04,670 --> 01:03:12,350
Very good high to the high on this
candle comes in at 10 36, even right
1165
01:03:12,350 --> 01:03:17,600
here on this 1, 10 36, even price on
this lowest move retracement lower.
1166
01:03:18,049 --> 01:03:19,100
The low comes in at what point.
1167
01:03:23,895 --> 01:03:25,305
Can we get any closer than that?
1168
01:03:29,195 --> 01:03:29,675
I mean, come on.
1169
01:03:29,675 --> 01:03:33,335
I didn't even give you a, it didn't
give you a partial cent move.
1170
01:03:33,345 --> 01:03:35,765
It was exactly to the
point and it's not Forex.
1171
01:03:35,795 --> 01:03:37,025
This is the contract price.
1172
01:03:37,385 --> 01:03:39,035
Everybody has that same contract price.
1173
01:03:39,245 --> 01:03:40,625
So when you see it, it's there.
1174
01:03:40,925 --> 01:03:44,855
So looking at this low, okay.
1175
01:03:45,395 --> 01:03:51,395
If we see this as prices trading down
into this, what do, what do we do?
1176
01:03:52,535 --> 01:03:54,665
What do we do for a by,
1177
01:04:00,615 --> 01:04:04,305
well, no, I, I gave you
scenarios that I like to do.
1178
01:04:04,815 --> 01:04:06,885
You can buy on a stock or buy all them.
1179
01:04:06,895 --> 01:04:07,545
It's your choice.
1180
01:04:07,545 --> 01:04:10,645
But if you buy on limits, your
chances of you getting to the
1181
01:04:10,665 --> 01:04:11,745
entry sometimes may not have.
1182
01:04:13,520 --> 01:04:19,040
So, it's not like I'm trying to give you
a rule rule based idea to go through,
1183
01:04:19,399 --> 01:04:22,850
going through your charts, define the
setups, and then how you enter them.
1184
01:04:22,850 --> 01:04:24,410
It's going to be completely up to you.
1185
01:04:24,690 --> 01:04:26,029
It's a prerogative on your basis.
1186
01:04:38,390 --> 01:04:41,419
Yes, soybeans are.
1187
01:04:41,750 --> 01:04:43,040
Ian is updating.
1188
01:04:43,040 --> 01:04:43,850
I got to wait for the snow.
1189
01:04:43,879 --> 01:04:45,419
Sometimes it's a website.
1190
01:04:45,440 --> 01:04:50,899
I'll do this, all of the
commodities that we discuss and
1191
01:04:50,899 --> 01:04:52,490
talk about, they will have options.
1192
01:04:52,609 --> 01:04:54,919
So you can trade, call options and
put offers in co-ops and you'll
1193
01:04:54,919 --> 01:04:57,259
make money on the outside, put off
and you'll make on the downside.
1194
01:04:57,799 --> 01:04:58,190
Okay.
1195
01:04:58,759 --> 01:05:02,960
So as price is trading down,
what is this also here?
1196
01:05:04,399 --> 01:05:08,990
What's this candle here from
this high here all the way up.
1197
01:05:09,020 --> 01:05:09,589
What is that?
1198
01:05:13,160 --> 01:05:16,070
So this candle's high
also comes in at what?
1199
01:05:17,940 --> 01:05:19,380
10 36 0.6.
1200
01:05:20,610 --> 01:05:23,640
So at 10 36 0.68 closes in its Boyd.
1201
01:05:23,910 --> 01:05:26,370
Isn't that not also a discount PD era.
1202
01:05:30,780 --> 01:05:34,770
So it closes the void, hits
the order block to the, to the
1203
01:05:34,770 --> 01:05:37,740
exact level and then hit, okay.
1204
01:05:38,700 --> 01:05:43,950
Now my point in discussion, all of
this, this, you know, the whole point of
1205
01:05:43,950 --> 01:05:49,230
disclosing this stuff is when you have
a volatility filter, it tells you you're
1206
01:05:49,230 --> 01:05:50,640
going to see explosive price action.
1207
01:05:52,140 --> 01:05:56,580
The timing is all of the things that
we talked about using the January
1208
01:05:56,580 --> 01:06:00,330
content you can be, you can buy it on a
stock, you could buy it all the limit.
1209
01:06:00,660 --> 01:06:02,730
I just give you certain
conditions that I like.
1210
01:06:03,000 --> 01:06:07,950
Now, if I can go below an old, well, I
want to be buying on a limit down here.
1211
01:06:08,700 --> 01:06:10,470
If it's got a lot of wicks.
1212
01:06:11,875 --> 01:06:13,375
And I don't know which one
we're going to reach for.
1213
01:06:13,435 --> 01:06:16,795
I will buy on a stop in that
condition because I want to go
1214
01:06:16,795 --> 01:06:20,695
down there and then I'll put a
stop order on to buy on strength.
1215
01:06:21,445 --> 01:06:24,025
And then that way I know I got to
worry that that's how you can set
1216
01:06:24,025 --> 01:06:26,485
these orders up and just forget
about it and go about your life.
1217
01:06:26,815 --> 01:06:31,495
Before I started this mentorship, I
literally spent maybe 20 minutes a
1218
01:06:31,495 --> 01:06:34,555
day total, and I'm talking total time.
1219
01:06:35,785 --> 01:06:38,735
Now I'm like eight, nine hours of it.
1220
01:06:38,755 --> 01:06:41,455
Cause I have to do a lot of stuff
to keep back and forth with you all.
1221
01:06:41,785 --> 01:06:45,565
But you're going to see that your
time doing these things, isn't
1222
01:06:45,565 --> 01:06:46,405
going to be a whole lot of time.
1223
01:06:46,435 --> 01:06:47,815
Most of your time's going
to be on the weekend.
1224
01:06:48,715 --> 01:06:50,395
When the markets aren't trading,
you're going to go through your
1225
01:06:50,395 --> 01:06:51,475
levels and pull them all out.
1226
01:06:51,715 --> 01:06:54,985
And you make your, uh, your, your,
your ideas about what you want to trade
1227
01:06:54,985 --> 01:06:56,395
off of using these hard timeframes.
1228
01:06:57,299 --> 01:07:01,680
They're not going to force you to be in
here looking at 50,000 things and spending
1229
01:07:02,100 --> 01:07:05,460
the limitless time of studying and not
really knowing what you're looking for.
1230
01:07:05,940 --> 01:07:10,200
You're looking for hard timeframe, PRA
you're looking for the last 18 months.
1231
01:07:10,200 --> 01:07:14,520
It give you a direction on what side it's
mostly work on going higher or lower.
1232
01:07:15,000 --> 01:07:17,670
And then looking for intermarket
analysis, support it.
1233
01:07:18,450 --> 01:07:22,890
All these things are in concert with one
another and he graduate to a decision
1234
01:07:22,890 --> 01:07:24,240
point that you have to decide on.
1235
01:07:25,290 --> 01:07:29,759
But the volatility filter on that
daily chart, the inside candle that
1236
01:07:30,089 --> 01:07:32,880
is your filter tells you you're
going to have an explosive move, but
1237
01:07:32,910 --> 01:07:34,170
everything else is already there.
1238
01:07:34,170 --> 01:07:37,920
So even if you don't have a
volatility filter, say, don't say it
1239
01:07:37,920 --> 01:07:39,000
doesn't give you an inside candle.
1240
01:07:39,509 --> 01:07:40,860
So what it doesn't mean it can't move.
1241
01:07:41,040 --> 01:07:45,089
It just means if you get that inside
candle, holy cow, when it's at a time
1242
01:07:45,089 --> 01:07:49,500
when it's supporting bullish prices,
man, you really want to be in that and
1243
01:07:49,500 --> 01:07:50,640
you want to be in it too, you know?
1244
01:07:51,450 --> 01:07:53,279
Six for explosive price action.
1245
01:07:53,490 --> 01:07:55,140
You'll have the direction cause
you've been waiting for it.
1246
01:07:55,200 --> 01:07:57,210
We talked about dollar
goes lower, go sideways.
1247
01:07:57,600 --> 01:08:01,319
We're going to see the soybean
market rally and rally it did.
1248
01:08:01,440 --> 01:08:02,130
It took off.
1249
01:08:04,109 --> 01:08:09,420
Um, it's look at a stock.
1250
01:08:11,100 --> 01:08:16,019
All right, I'm using JP Morgan here
and I'm going, going to do this.
1251
01:08:16,019 --> 01:08:20,849
I said, I'd do three, but you guys
can catch me on the daily recap.
1252
01:08:20,880 --> 01:08:22,590
I'll throw the third one
and just for time sake.
1253
01:08:22,590 --> 01:08:25,620
Cause we're getting rather long
and in this video, but I'm going to
1254
01:08:25,620 --> 01:08:30,689
cover the stock here and then I'll,
I'll give you, um, a pair for the
1255
01:08:30,689 --> 01:08:37,500
volatility filter, but we have our last
discussion for a stock in the seas.
1256
01:08:37,500 --> 01:08:38,729
It's on the website.
1257
01:08:39,029 --> 01:08:39,840
You can see on the forum.
1258
01:08:39,870 --> 01:08:40,890
I said that we were probably going to go.
1259
01:08:41,805 --> 01:08:44,715
And we've been going higher since
then and we're in record territory.
1260
01:08:45,135 --> 01:08:47,895
So there's nothing for me to be able
to say, it's going to reach for this.
1261
01:08:47,895 --> 01:08:48,585
It's reaching for that.
1262
01:08:48,615 --> 01:08:49,245
I don't know.
1263
01:08:49,305 --> 01:08:49,905
I don't know.
1264
01:08:50,175 --> 01:08:51,495
No one knows where it's going to go.
1265
01:08:51,885 --> 01:08:56,445
That's why you either you're already in it
long and taking profits or just waiting.
1266
01:08:56,745 --> 01:08:58,335
There's nothing to do
where we're at right now.
1267
01:08:58,605 --> 01:09:01,965
So, but meaning on what
I have on our forum.
1268
01:09:02,085 --> 01:09:04,845
The last time we talked to the
beginning of February, I said that it's
1269
01:09:04,845 --> 01:09:08,625
probably going to go higher and we're
going to focus on why I said that.
1270
01:09:08,625 --> 01:09:11,625
And we're going to use that context
to frame this whole business in here.
1271
01:09:13,005 --> 01:09:16,455
We have price trade down,
clear out a short term, low.
1272
01:09:16,485 --> 01:09:20,355
What is that in terms of a PDA, right?
1273
01:09:20,365 --> 01:09:22,225
When it takes out an
old law, what is that?
1274
01:09:27,675 --> 01:09:28,545
It's a stop run.
1275
01:09:28,545 --> 01:09:28,755
Yes.
1276
01:09:28,755 --> 01:09:31,365
But more specifically, what
is it in terms of a PDA Ray?
1277
01:09:31,605 --> 01:09:32,955
It's a discount PDA, right?
1278
01:09:33,555 --> 01:09:36,405
So that means it's reaching
for buy-side or selling.
1279
01:09:42,955 --> 01:09:43,524
Nope.
1280
01:09:43,554 --> 01:09:44,245
Think about it.
1281
01:09:44,694 --> 01:09:45,594
It's a sell side.
1282
01:09:45,684 --> 01:09:48,294
It's taking the sell side
out of the marketplace.
1283
01:09:48,654 --> 01:09:50,604
Why do they want the sell side to buy?
1284
01:09:53,734 --> 01:09:57,514
Think about how I gave you the daily
charts on the index, sell sides, always
1285
01:09:57,514 --> 01:10:01,535
below the marketplace and by biocides,
always above you gotta think memory
1286
01:10:01,535 --> 01:10:04,025
that's at that, at that paradigm shift.
1287
01:10:04,294 --> 01:10:04,714
Okay.
1288
01:10:04,924 --> 01:10:09,184
You got to think like a market
maker, you see retail stops
1289
01:10:09,575 --> 01:10:11,375
underneath Lowe's as your by point.
1290
01:10:12,245 --> 01:10:16,985
You see by stops above old highs as your
sell point, you have to have that mindset.
1291
01:10:17,134 --> 01:10:17,344
Okay.
1292
01:10:17,344 --> 01:10:20,794
So below this low is sell side.
1293
01:10:20,794 --> 01:10:23,224
Liquidity is drawn on the accumulate.
1294
01:10:23,224 --> 01:10:26,434
They sell stops and in price does
what comes up closest as little gap.
1295
01:10:26,615 --> 01:10:28,205
Wonderful, great trades.
1296
01:10:28,205 --> 01:10:31,775
Back down into an area of a
previous down candle, which is
1297
01:10:31,775 --> 01:10:32,584
what, what is this down here?
1298
01:10:35,655 --> 01:10:36,405
But what's your water block?
1299
01:10:36,465 --> 01:10:40,075
What timeframe are we on daily?
1300
01:10:40,795 --> 01:10:47,935
So we have a daily bullish or block or
a discount PD array inside of an area
1301
01:10:47,935 --> 01:10:49,225
where we've already rain stops out.
1302
01:10:50,965 --> 01:10:52,135
That's the only thing about this website.
1303
01:10:52,135 --> 01:10:56,905
Don't like, it has to constantly re
update this last down candle here.
1304
01:10:56,965 --> 01:10:58,315
It's coming back down into it here.
1305
01:10:58,315 --> 01:10:59,395
That's your bullish or block?
1306
01:11:00,175 --> 01:11:04,555
The high starts at 84 67 for a daily.
1307
01:11:06,235 --> 01:11:10,795
There's nothing I can show you
above where we're at now, because
1308
01:11:11,605 --> 01:11:16,885
it's all relative to how high the
indices go on S and P down NASDAQ.
1309
01:11:17,905 --> 01:11:20,725
But we talked about this being low and
you can still see it on the forum that
1310
01:11:20,725 --> 01:11:22,225
we were going to go higher on stocks.
1311
01:11:22,435 --> 01:11:22,675
Okay.
1312
01:11:22,675 --> 01:11:26,035
So I'm going to hit, I'm going to take
Liberty in saying that we knew this
1313
01:11:26,035 --> 01:11:27,955
was going to go higher in probability.
1314
01:11:27,985 --> 01:11:28,645
Not in absolutely.
1315
01:11:29,910 --> 01:11:33,390
And this stock has been selected
because if he go through all of
1316
01:11:33,390 --> 01:11:36,150
the stock selection stuff, this
was one of the stocks that would
1317
01:11:36,150 --> 01:11:37,920
have been selected for bullishness.
1318
01:11:37,950 --> 01:11:41,280
And even after I did that video
on YouTube, this stock still
1319
01:11:41,310 --> 01:11:42,450
outperformed on the outside.
1320
01:11:42,600 --> 01:11:46,500
So it's a really good mover on
the upside bullishly so again,
1321
01:11:46,590 --> 01:11:51,170
the high comes in at 84 67 price.
1322
01:11:52,160 --> 01:11:52,490
Great.
1323
01:11:52,490 --> 01:11:57,680
Here, let me zoom in a little bit closer.
1324
01:11:57,770 --> 01:11:57,980
All right.
1325
01:11:58,010 --> 01:11:58,160
Yeah.
1326
01:11:58,160 --> 01:11:59,240
This last down candle.
1327
01:11:59,240 --> 01:12:00,740
What is this candle right here?
1328
01:12:01,010 --> 01:12:02,840
Is there any significance in
this little candle over here?
1329
01:12:04,370 --> 01:12:04,850
What is that?
1330
01:12:09,370 --> 01:12:09,610
Yep.
1331
01:12:10,360 --> 01:12:13,510
Bailey's got it inside candle
inside bar and say, yup.
1332
01:12:14,020 --> 01:12:17,380
So what does that tell us
from a volatility standpoint?
1333
01:12:19,700 --> 01:12:20,690
Big moves coming.
1334
01:12:20,750 --> 01:12:24,170
Quiet moves in, stay sideways, explosive.
1335
01:12:24,740 --> 01:12:25,130
Okay.
1336
01:12:25,640 --> 01:12:27,620
So does price.
1337
01:12:28,665 --> 01:12:32,565
In a rather energetic fashion for a stock.
1338
01:12:32,565 --> 01:12:33,315
This is wonderful.
1339
01:12:34,695 --> 01:12:38,925
And then price comes back down this
down candle hits right in here.
1340
01:12:39,075 --> 01:12:40,845
The open comes in 84 0 6.
1341
01:12:40,875 --> 01:12:43,905
The low comes in at 84 0 9.
1342
01:12:43,965 --> 01:12:49,725
They were only three points away
for a stock, but the high is 84 0 6.
1343
01:12:52,065 --> 01:12:59,145
So we already be looking at 84 10 anyway,
but the low comes in at 84 0 9, not bad.
1344
01:12:59,145 --> 01:12:59,325
Huh?
1345
01:13:00,105 --> 01:13:02,415
One point below where we would
already be looking for now.
1346
01:13:02,415 --> 01:13:03,855
Do you understand why I say 84?
1347
01:13:03,855 --> 01:13:04,155
10?
1348
01:13:04,395 --> 01:13:05,535
Does anyone not understand it?
1349
01:13:12,385 --> 01:13:12,835
Okay, good.
1350
01:13:14,575 --> 01:13:18,655
So price hits that level round to the
nearest 10 level that we reach for.
1351
01:13:18,655 --> 01:13:21,625
We wouldn't reach you for oh
nine or oh six or oh seven.
1352
01:13:21,795 --> 01:13:23,125
Like that it would be
the nearest 10 level.
1353
01:13:23,125 --> 01:13:24,115
Cause we're above that price.
1354
01:13:24,115 --> 01:13:24,805
It's comes down.
1355
01:13:25,255 --> 01:13:25,945
Price hits it.
1356
01:13:25,975 --> 01:13:26,574
84, 10.
1357
01:13:27,465 --> 01:13:29,295
And then what is this candle right here?
1358
01:13:33,965 --> 01:13:38,195
Again, we're not looking at the Wix,
even though it does justify it, but
1359
01:13:38,225 --> 01:13:39,785
it's just inside candle as well.
1360
01:13:41,045 --> 01:13:41,345
Okay.
1361
01:13:41,375 --> 01:13:44,915
We have an inside candle
and then what happens?
1362
01:13:45,335 --> 01:13:47,825
Price does what the next day does.
1363
01:13:47,825 --> 01:13:48,065
What?
1364
01:13:49,365 --> 01:13:50,405
No, no, no, not yet.
1365
01:13:50,405 --> 01:13:50,675
Jeff.
1366
01:13:51,575 --> 01:13:52,625
You're too excited and boom.
1367
01:13:52,625 --> 01:13:58,115
Yet we have a down candle again with
an up-close, but look, what's happened.
1368
01:13:59,345 --> 01:14:03,275
This whole filter process started
with this candle right here.
1369
01:14:03,275 --> 01:14:05,825
Did it not with the next
candle being inside of this?
1370
01:14:06,005 --> 01:14:11,135
This candle's high is 86
15 and the low is 84 0 9.
1371
01:14:11,885 --> 01:14:14,795
The next candle it's low as 84, 68.
1372
01:14:15,455 --> 01:14:19,775
And it's high as 86, 10
it's inside of that range.
1373
01:14:19,895 --> 01:14:21,305
So we have an inside candle here.
1374
01:14:21,815 --> 01:14:23,735
Then we have this candle here.
1375
01:14:24,575 --> 01:14:25,115
It gaps.
1376
01:14:26,280 --> 01:14:29,670
But does it go outside of the range
that we started, the filter process on.
1377
01:14:32,150 --> 01:14:35,870
It's still inside of
this volatility Grange.
1378
01:14:36,620 --> 01:14:37,820
We have this candle here.
1379
01:14:37,910 --> 01:14:42,680
So what do we do every time we
see a inside candle immediately.
1380
01:14:42,740 --> 01:14:48,770
You want to frame that range, this
candle, draw out a line, draw out a
1381
01:14:48,770 --> 01:14:50,690
line from the tiniest low and it's open.
1382
01:14:50,690 --> 01:14:51,230
It's closed.
1383
01:14:52,100 --> 01:14:55,310
When we opened up here,
we get down and traded up.
1384
01:14:56,630 --> 01:14:58,010
We're still inside that range.
1385
01:14:59,150 --> 01:15:04,010
At eight context of bullishness, we
traded down into the bull shorter block.
1386
01:15:05,420 --> 01:15:10,010
The next day, look at at
huge gap, enormous gap.
1387
01:15:11,980 --> 01:15:13,480
It already takes out a short-term high.
1388
01:15:13,810 --> 01:15:14,560
And then what does it do?
1389
01:15:14,560 --> 01:15:15,520
It trades back down.
1390
01:15:15,520 --> 01:15:16,210
What is this?
1391
01:15:16,360 --> 01:15:17,290
What's this right here.
1392
01:15:23,610 --> 01:15:24,180
The fair value.
1393
01:15:27,395 --> 01:15:31,985
So fair value gap at a bullish order
block and inside of a volatility filter.
1394
01:15:32,195 --> 01:15:35,135
It's left this area here by going here.
1395
01:15:35,615 --> 01:15:40,325
So it trades back down and closes in
because what there's no, there's no.
1396
01:15:40,595 --> 01:15:47,075
Um, there's no delivery of price
between this candle here and here.
1397
01:15:48,395 --> 01:15:48,845
See that?
1398
01:15:51,265 --> 01:15:52,705
No, there's no price delivered there.
1399
01:15:52,915 --> 01:15:56,815
So it has to come down and close
that in offer that and rally away
1400
01:16:00,465 --> 01:16:04,515
by having these ideas in concert
with among them, we didn't just
1401
01:16:04,515 --> 01:16:06,135
pick any old Willy nilly stock.
1402
01:16:06,285 --> 01:16:09,135
We picked a stock that it's already
been selected as a Busch stock.
1403
01:16:10,425 --> 01:16:11,445
It's been outperforming.
1404
01:16:11,655 --> 01:16:14,115
So therefore, if there's going to be
another move higher in the equities
1405
01:16:14,835 --> 01:16:18,255
indices, major indices to this,
stock's going to probably see it too.
1406
01:16:19,005 --> 01:16:21,855
You go through the whole
process of mapping out higher
1407
01:16:21,855 --> 01:16:23,205
timeframes or lower timeframe.
1408
01:16:24,180 --> 01:16:26,520
So we're looking at $84.
1409
01:16:26,550 --> 01:16:28,590
Let's go out to a weekly chart.
1410
01:16:29,340 --> 01:16:29,580
All right.
1411
01:16:29,580 --> 01:16:38,090
So we have, excuse me, from a
weekly standpoint, price trading
1412
01:16:38,090 --> 01:16:40,280
go low, the last down candle here.
1413
01:16:41,540 --> 01:16:42,440
But apart from that,
1414
01:16:45,600 --> 01:16:50,880
nothing up here outside of what you
can only find on a daily chart, we've
1415
01:16:50,880 --> 01:16:56,460
expanded on a monthly, we've expanded
on a weekly, we've expanded on a daily.
1416
01:16:56,700 --> 01:17:00,960
So if there's nothing to reach for,
for discount PDA, raise on a monthly
1417
01:17:01,110 --> 01:17:02,580
and a weekly, where do you focus
1418
01:17:07,750 --> 01:17:08,170
Daley?
1419
01:17:08,980 --> 01:17:12,190
And if you don't find anything
on the daily, but you're bullish
1420
01:17:12,190 --> 01:17:17,230
on equity and major indices,
what do you look for for hour?
1421
01:17:17,230 --> 01:17:17,920
Very good.
1422
01:17:18,010 --> 01:17:18,580
Very good.
1423
01:17:20,140 --> 01:17:21,340
So now we're going to go down to a four.
1424
01:17:23,405 --> 01:17:24,035
Intraday.
1425
01:17:24,335 --> 01:17:30,875
So you got to enter day
two 40 for last month.
1426
01:17:32,405 --> 01:17:33,485
Make sure it says two 40.
1427
01:17:33,485 --> 01:17:35,045
Cause it wants to change
every time you do that.
1428
01:17:43,795 --> 01:17:44,095
Okay.
1429
01:17:44,575 --> 01:17:54,105
And there's that gap in here and in here
and it closes it right to the PIP or
1430
01:17:54,135 --> 01:17:59,655
the point if you want to call it that
closes it in and rallies notice even on
1431
01:17:59,655 --> 01:18:02,894
a four hour basis, look at the four hour.
1432
01:18:03,465 --> 01:18:04,155
What's this
1433
01:18:11,224 --> 01:18:18,485
inside candle at a time when price is
expected to go higher, does it explode?
1434
01:18:20,910 --> 01:18:21,389
It takes off.
1435
01:18:22,019 --> 01:18:27,240
So I'm going to give you, um,
another example this in a Forex
1436
01:18:27,240 --> 01:18:31,830
pair where everything lines up and
give you the points of reference.
1437
01:18:31,900 --> 01:18:34,830
That makes sense and how we use
the swing trading ideas, but the
1438
01:18:34,830 --> 01:18:37,259
volatility filter really all it does.
1439
01:18:37,259 --> 01:18:42,450
It doesn't give you anything by itself
like an inside candle at any other time,
1440
01:18:42,710 --> 01:18:48,000
doesn't have the same significance that,
that of a inside candle, when the market's
1441
01:18:48,000 --> 01:18:52,349
bullish and it's at its discount, PDA on
a higher timeframe or down to a four hour.
1442
01:18:52,920 --> 01:18:56,190
When you see an inside candle and
it's already predisposed to go higher.
1443
01:18:56,190 --> 01:19:01,019
Based on your analysis, men, you cannot
ask for something easier to know when
1444
01:19:01,019 --> 01:19:02,370
you're going to have a big explosive move.
1445
01:19:04,200 --> 01:19:07,349
Uh, first time I introduced the
inside Canada was the teaching
1446
01:19:07,440 --> 01:19:11,280
on a lesson seven of this month.
1447
01:19:11,940 --> 01:19:15,809
I talked about inside candles before
when I was doing live sessions, but I
1448
01:19:15,820 --> 01:19:17,549
just briefly went over top of Monday.
1449
01:19:17,549 --> 01:19:19,200
I'm going to go and go beyond.
1450
01:19:21,590 --> 01:19:23,870
The body is what I'm looking
for predominantly, but the
1451
01:19:23,870 --> 01:19:26,420
range begins to high and low.
1452
01:19:26,840 --> 01:19:27,230
Okay.
1453
01:19:27,710 --> 01:19:32,270
So any candle that creates for
your notes, any candle that trades
1454
01:19:32,270 --> 01:19:35,630
inside of the previous candle
that becomes an inside candle.
1455
01:19:36,140 --> 01:19:40,340
We're looking primarily at the body
that came up to define it, but if it
1456
01:19:40,340 --> 01:19:43,040
does trade inside that range, okay.
1457
01:19:43,610 --> 01:19:47,300
You want to make, be able to map
out the high and the low and extend
1458
01:19:47,300 --> 01:19:48,410
that out over a couple of days.
1459
01:19:48,650 --> 01:19:48,890
Okay.
1460
01:19:48,890 --> 01:19:49,940
And usually no longer than three.
1461
01:19:49,940 --> 01:19:52,430
Cause again, swing high swing low
is formed over a three-day period.
1462
01:19:53,240 --> 01:19:57,980
So in the next day or two, you're going
to see that explosive price action moved.
1463
01:19:57,980 --> 01:20:00,860
It takes, it takes off in the
direction you expected to see
1464
01:20:02,090 --> 01:20:03,560
by itself doesn't mean anything.
1465
01:20:03,860 --> 01:20:08,600
But when you blend that together, that's
like that last little piece before the
1466
01:20:08,600 --> 01:20:13,520
rocket fuel is injected in the market
will explode and it's in your interest
1467
01:20:13,520 --> 01:20:16,040
to go through the charts and go back
and look at every time there was a big.
1468
01:20:16,845 --> 01:20:19,245
Interscope through the big moves that
took place on a daily chart, you can
1469
01:20:19,245 --> 01:20:20,445
really just reduce it down to that.
1470
01:20:21,345 --> 01:20:23,325
Reduce it to looking at like this.
1471
01:20:23,355 --> 01:20:25,995
I guarantee you, this is always.
121540
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