All language subtitles for Tuesday April 04, 2017 London Session- EN

In listen, only mode

the morning folks.

How are you or good evening
at about where you're at

tired?

We just started mainly
talking about tired.

Welcome to the real world.

Okay.

So.

Let's get right into it.

Just want to double check real quick.

You guys can hear me.

Correct.

Awesome.

Thank you.

Okay, so let's get focused.

All right.

Earlier today, in the Y session, I
mentioned that, uh, folks are gonna be

looking for this trend line in here.

Okay.

And they let them have it a little bit in.

And then a harem is broken down in here.

I wanted to see the level.

You hear trade too.

And X, let me get this off.

Reset that water in a second.

I want to see this level tree
too, and it still might get

down here today on the news.

And that's what I'm going to play off of.

So a 1 24 55.

It's essentially the, the level.

So I want to get in at 1 24, 60 or less.

So I'm going to do a limit order long
at 1 24 60, with the expectation that

we're going to run the biostats up
over here, the protective staff going

to have the people low, this low.

There's two things you can do.

And if you're going to sit up
tonight or go be up at four, o'clock

patching the four 30 news release.

If the order hasn't filled,
you can wait to see if it steps

down and takes out this low.

Okay.

That's another area where you can get
long as you can get long at 1 24 36

or limit, but the expectation, again,
that we're going to run the by stops.

It may not happen today, but that's the
position we're looking for for the week.

And for, as I'm going to put
it in here, I'm going to put a

limit order in at 1 24 60 buying.

And I'm going to put a stop
loss rate below this low.

Now, if I get stopped out, that's okay.

I'm not going to be upset about it
because I'll use the New York session

to either mitigate that or go in and,
uh, Not just correct it, but take

something else in addition to it.

So, uh, that's the stuff I'm
looking for for right now.

So right now let's get that order in.

Okay.

And we're gonna be doing
a pending order bilingual.

At 1 24 60.

Kay, stop's going to get 1 24 25.

At that 0.3

and we're going to put
a take profit at 25.

We're here.

25, 60,

little too aggressive.

Okay, so a protective stop loss
at 1 24 25 entering one, a limit

24 60.

So there's our position.

Okay.

So there's our owner in four pounder.

If you're up and it does
run down and hits desk.

If we get a Bosch or a block, a
small little five minute or 15 minute

break or short term swing high, you
can use that to get along and again.

Okay.

So it depends on what we see at
the 30 news release right now.

I'm comfortable taking
this to this, going to bed.

If it doesn't, uh, it Phil, then
I'm up for New York session.

They gave me something that the
trade-off I think we'll get some

volatility on cable today on Eurodollar.

I think we're probably
going to run up in here.

Paramus has been.

I've not been given me much to work
with in terms of, uh, clear levels.

I think it might want to run up
to this level like that, these

biostats, and then come back
down and take out the cell stops.

It could be a little wild on Euro dollar.

So that's why I elected to go with the
cable and on the dollar index, I think

what we're going to see is the dollar.

Try to Trey down into this level
we called for this morning.

So 100 point 15, 100 point 20.

I think that could be, it's a
realistic objective for going into

London, into New York session.

Even trading that late in the day, uh,
or price could treat down there and

that's going to give lift to cable and
that's how we're going to work with it.

I'm going to just real quick, just bring
something back up to your attention.

Uh, we had a 15 minute gap over here,
or liquidity void told you to watch

for this to act as get resistance.

It did it in here.

One more time here.

And then we sold out taking
out the equal lows here.

So it'll be interesting to see if
we give a rejection here on London.

If we get back above this short-term
high, going into New York, I will be

looking to go long in a New York side.

On Aussie dollar.

Okay.

But it has to number one, reject these
lows break the short-term high in here,

or have that condition in New York.

And that'll be the trade I'm looking
for for the New York session.

Okay.

Other than that, we're going to be
just focusing on or dollar or pound

dollar other, where are we at here?

Yeah, it is.

So we're looking forward to trade down
here, get a fill stops, blow here,

look for buy socks to be ran out again.

That'll be on the heels of to see a
move down on the dollar index, or there

is a short-term low on the dollar.

So there's another reason why I should
potentially trade down to that level.

Take out some stuff stops and
ultimately look to try to trade up.

And then at 1 0 1 level, uh,
later in the week, and again, the

Wednesday, Thursday, it may end up.

Non-farm payroll event to drive up there.

Um, but that's not what
we're requiring right now.

All we need is a little bit of a move
lower and now propel pound dollar

up throughout the London session.

Probably only event of that fourth
or the news release that comes out.

Just take you over to that for a second.

Get a feel for what we're looking for.

Give me one second.

Um, should be seeing the calendar.

Okay.

So we have construction PMI coming
out at 4:30 AM this morning, and

then we have, uh, the 10 year bond
auction that can come out whenever.

But then we have a Newsland
Bargo lifting at eight 30.

So we'll have hopefully something.

Uh, or volatility around here.

I'm not interested in trading
Canadian dollar, even though it has

high impact news at eight 30 today,
but we will be using the medium

impact dollar trade balance numbers
to maybe facilitate artsy trade.

If Euro dollar gives us something that's
not apparent now in New York, the next

and the other pair that we'll work with.

But again, we're just
going to stick with the.

And then it's going to be it a
short sweet, you know, what I'm

looking for, the orders are in.

So I'm going to leave this to you.

Um, I usually won't do this, but
I just want to make sure we're all

aware of what's going on one second.

Okay.

Is this good?

Okay.

So we'll be looking for this to pan
out again, if it does take the stop

and you're off at four 30, I will not.

Uh, and if it gives us a rejection that
trades up, check your five or 15 minute

timeframe to see if it gives you a swing
high, short term, swing high broken

trades, back down to a bullet or block
on that same timeframe, fiber 15 minutes.

You can use that to get long, but it has
to reject that low and move higher again.

And then we would look forward
to trade higher, but don't

be afraid to get knocked out.

Don't be afraid to take the stop loss.

It's a demo trade.

Okay.

But you need to be.

Okay.

We have the framework here where the
traders have already tried to be long.

They're getting knocked out.

So if you're off also, it's a
good idea to try to take some

profits about this short term.

That's going to be your first initial
entry for our entry, but your exit.

So you're gonna be looking
for first profit at get this,

um, Uh, 25 big figure.

So 1 25 big figure will be a
first objective to take profits.

So if it gets a real quick run up above
that, I'm gonna take profits there.

If it takes the stop-loss
out and then keeps on going

lower, do not worry about it.

Do you not get upset?

We'll use the New York
session to work with that.

And it said, folks, I'm
going to leave you to it.

And we will get back together again, uh,
seven 30 New York time, and I'll have the

recording as soon as I'm done practicing.

And then I'm going back to bed.