All language subtitles for Tuesday May 09, 2017 EN

Paul says he's angry.

They have management
groups for that stuff.

All right.

So we're looking at the economic
calendar here and you can see, we

have very little to do with much of
anything except for the CAD at eight 30.

So we're gonna be looking at that.

Okay.

So we'll be looking at the impact that
the building permits are going to have.

It's a medium impact news event.

So eight 30 we'll see something
most likely to come in as a flurry.

Um, then we have 10
o'clock in the morning.

We have, uh, I mean impact us dollar
and two minor little things at 10:00 AM.

And later on this afternoon,
we have an FMC member speaking.

So not too much, um, by way
of, uh, excitement this morning

to go over to our charts.

Okay.

And we have the U S CAD set up.

Here.

Uh, we had a little bit of movement off of
the opening price here and moving lower.

I think we're going to probably
make a run for the buy stops

above this short term high.

Okay.

We had a nice central bank dealers
range in here and Asian range.

Okay.

So at the opening.

We dropped down, like how much time
they worked below the Asian range

and the central bank dealers range.

So we have essentially
one standard deviation

because portion is there

maybe even two almost to just about two
or with it as one standard deviation

in Asia range is well, nice and tight.

So we're going to be
watching for the market.

They want to come back down into this
border block here, right there till

we hit that, that should send the.

For the biceps up here,

not a whole lot in terms
of pips, but something.

So let's do this.

Let's determine what that price is

highest 36 90.

So we would have to see a tree down
central, almost 36, 98 and 36 95 entries.

So 95, almost 40 pips potential for today.

I liked the fact that we tried go low
or try going low and try one more time.

And we broke market structure with the
short term high London high, still intact.

You notice by stopped above that as well.

Small little itty bitty,
tiny fairway got rain here.

So even if that's all we get, that
will be enough to get first prize.

In here.

So we left the out close candle
and only sell side delivery,

been offered in here to here.

So we're going to frame that.

Okay.

So we'll be looking to take, if we get
an entry, if we get a long in $1 CAD,

first, profit's going to be at 1 37, 15,

sorry.

Seven, 20 nice institutional level.

So I'll be taking first profit at
37 15 and then a limit at 1 37 35.

Small fair.

You got right up in here as well.

Just note that.

So we have that as well
and delayed that price.

We have 37, 50 right in there.

And

if we take out,

okay, if we go lower, say we go lower
and we blow out these loads in here.

Excuse me.

What I'm looking for is at eight
30, I want to see price hit this

level, and then we'll look for that.

Now, if we're holding in here
ahead of the news around 8 28, 8

27, I'll wait as price drops down.

As soon as it hits this level,
here, I'll go with a long and

the stop will have to be 10 25.

Um, let's see, we'll go five
pips below these lows in here.

So if the terminal that's going
to be already, so 1 36 71, we'll

just use 1 30, 6 65 as a stop.

That also

one of the other things.

This setup is because
we look over the Euro.

We have a little bit of downside
cell stops here that would send

Euro dollar lower, should be
a dollar index going higher.

So, so stops below, below in 27th of
April and below the May 4th blow, or

really just in close proximity to that.

So it could very easily to stab down
here and go another 10, 20, 30 pips.

And then that will obviously
give us some lift or at least

ease up the, uh, resistance ideas
that may be in the dollar CAD.

So we looking for this
to treat it this morning.

So again, if we hit this level here
at, or just above the eight, I'm

sorry, just before rather eight 30 news
release, we'll go along here on a demo

using 1 36 65 as our protective stop.

First profit will be 1 37.

15 I'm going to use, and then I'll
take another portion off here.

I want you own Joan, I'm going out with
three minutes, so, you know, and then

I'll take a second mini off here and I'll
leave the last one on with breakeven.

Stop looking for 1 37, 50 as a daily
objective closing in the fair value gap.

So that's the outline for today.

Looking at the dollar index we are seeing
and try to trade up into that 99 65 level.

We outlined yesterday,
uh, closing the gap.

If we get some run through on that again,
the weekly objective we'll know, upside

is the 100 point 85 to 101 big figure.

Let's see what that low is.

A 1 0 1 point 95 closes to 94, rather
closes that fair value gap up here.

So we might, we might get a
one-on-one on the upside if we get

continuation for dollar, but we'll see.

Aussie, uh, we have this outlined based
on the fair value gaps relative to the

daily could see that here so far, we've
seen some movement lower we'll look

for continuation going into the rest of
the week may get one out closed candle.

I prefer it not to have any closes
now, just let it run down and get that.

And then you can do
whatever it wants to do.

I shared that on the, uh,
case studies last night.

So we're using what you learned
last month, opening price and very

little movement up here, almost
10 pips above it, but at the open

real nice movement away from that.

All right.

So, uh, cable, we already mentioned
yesterday that that means threshold

here shouldn't offer much support.

Hopefully we're going to
have some movement lower.

There's a big draw on
liquidity down in here.

And we, this low here
already respected this high.

So.

It was to break down this cell stop area.

Here she drive price lower, not just
come down for the stops and rally again.

So we'll probably see a little bit more
movement on the outside, on dollar,

which will pressure, cable lower.

Maybe we can come in and close it's void.

At least it looked down into
the midway point of that.

That may be objective and Euro again.

We said we have our eyes on
those cell stops down here.

So we looking for those
levels this morning.

It may not get down to that 108
53 level today, but I do believe

we're going to probably run at least
five to 10 pips below this low,

over here for a Ronald cell stop.

So let's put that in here,
keeping it very close to the vest.

We're not looking for
big grand slam home runs.

Yeah, like 1 0 8 70.

That's good.

We'll work with that.

And it's goodbye.

Delicate topic had, might be running over.

We'll see, wait for the news.

If we spike up and start running through,
uh, for the buy stops, can't chase it.

You gotta leave it alone.

Now scenario may be happening and
I have to be flexible for this.

It's just like you, you as well.

Uh, we may be running ahead of the
news to take the buy stops here and

never even get to the fairway gap.

And if we reject after taking the buy
stop and break down, I'll look and see

if there's an indication that we may
be running for south hospital here.

So it might be wrong.

We might be just running and making the,
uh, the high of the week with dollar.

You have to be mindful of that
because this could easily spike

on the hit that and keep dollar
CAD from ever really getting much

higher than just this old high here.

That'd be mindful.

Um,

I already hit 37, 14.

Oh, you want to buy a D
well, let's take off now.

You're a pound.

We'll look for that to close the gap.

Also this week down in here, and
again, we don't know it's going to have

continuation going lower than this low
here, or if it's going to come down just

to take the cell stops, fill the void
and to make a run for, if everybody got

up here, might have a lot of scenarios
that could happen right now, which is

what's makes it iffy when it's real clean
and logical for it to go one direction.

That's the best time to be treated.

Um,

so we've already worked twice,
two times above the opening

price, both at the New York open.

Okay.

So we're above the opening price.

Once twice we came down, worked below it.

So expectations that we're going to see.

The further upside on dollar cat and
in continuation of what we've been

seeing on the daily chart as well.

So we have a individual
owner going out of favor.

Yeah.

This one's already left to fairway
the runway rally without me.

If you are short on ERO, you want to
take something below that 1 0 8 75.

Definitely had something come off there.

Um, Euro was very similar to what
we outlined in the Aldi dollar.

Um, the bias is lower.

I'm looking for a higher dollar.

So one could use the opening at zero
GMT or just above it to sell it.

And I didn't see it exactly, but
I hear it is opening prices here.

We had a little bit of movement,
but it just rolled right

over to that consolidation.

And here you could have sold this
without even needing to be up in

London, which is the real heart
of what was taught in April.

Yeah, we're down inside this order block.

Well, we went below to me and threshold,
so I think we'll probably see it

spiked down in here at 1 0 8 70 level.

Really nice to see it go down and
hit that 1 0 8 55 level today.

That'd be awesome.

But that may be expecting
too much for this one.

Oh man.

Both objectives on that fair value
gaps already been filled 37 20.

Well, at least it's nice to see where,
uh, seeing the right side of the market.

Again,

you got to take your, your
positives have what you can.

All right.

So looking at a dollar CAD,
um, there's nothing up here

except for the buy stops now.

So even if they want to take the rejection
block here, logically, if they're gonna

come for that up close to buy starts
is most apt to be, uh, be tagged.

And we didn't have a
rebalanced price level here.

This wick delivery, the
downside then get traded out.

Then we had to open here, which are down.

So we passed two times in this range.

So if we get above the buy stops
in here, expect that to be.

Having a resistance, you know,
really short-term hit it and reject

a little bit and come back down.

If it does that, it needs to stay above
this last up close candle right there.

Let me put that on the charts.

You can see it.

So again, a price comes out,
hits the buy stops and, and has

a sharp reaction off of that.

It needs to say about the last
up-close on this candle here, right?

For this down move.

That'd be mitigation.

That's why we'd expect to see support
there to anyone that was short

here to use the price drive lower.

This would their option.

This will be their opportunity
to mitigate those shorts and then

recapitalize, longs, and maybe make
a wrong 1 37 50 fair bet you got.

And a couple more minutes, we
should have the news come out.

I really would like to see some
big movements and a dollar index.

yeah.

Daniel says he thinks he
sees some cemetery returning

back from the marketplace.

I am hopeful that we do get it because
that's what keeps me sidelined in

live trading, even in scalping,
it makes it a highly suspect.

So you've got to keep your risk
really, really, really small.

So we have less than a 15 pips to
get to that 9 75 closing in that gap.

It'll be interesting to see if they
get overzealous and not just close the

gap, but this really send it higher.

And in that case, if we do say go
above, we reasonably expect that

as a gap closure, and that would be
the low it's on this candle here.

Okay.

So if we see 965 traded to, um, and trade
through, Going through and your higher,

uh, if we get through the close at 9, 9
75, all eyes go right to this fairway.

You got up here with the last
down close candle right here

with its low 100 point 94.

And this candle's high on the
12th of April, uh, coming in at

1 0 8, I'm sorry, 100 point 83.

That would be the, uh, the
fair value gap up here.

Um, I look at the reaction off the
fair value gap on dollar cat at me.

I think it's always very funny to
see, oh, the stock run on a year.

A dollar just happened.

All the screens just went crazy.

Watch this, uh, likely to
expand down through here.

Remember, you have to take
something below that 1 0 8 75 level.

If you're short, a lot of people in
here saying they're short, excuse me,

folks.

Still Jabber about, uh, what
we do is supply and demand.

I mean, this is not supply and demand.

If I would've had this box up here.

Okay.

It doesn't even match what would be
taught at RIT online trading academy.

They have no idea what we're doing here.

In fact, I watched the video
the other day because someone

suggested I was using his stuff and.

He says that there's no gap in the video
where we actually call off your value gap.

So I would love to be able to, uh, talk
about that with the free community.

Cause that right there in its
own words, Sam's own words.

He says there is no gap here, but it is

it's this go back over here.

Take a look at this real quick.

All right.

Two more minutes, two more minutes.

And we will see whenever we're
going to see in terms of volatility

and the result of the cat news,

uh, Sam Seiden that's
who I'm referring to.

Gerard folks always imply that
I got something from them.

In fact, I've gotten nothing from them.

I have a seizure.

So we make fun of them a lot
because they have the gate real

close to it, but they don't get it.

You don't learn it for tickets
on a desk, gets her shirt.

Uh,

I'll tell you what George
is really pretty down here.

And what I noticed, I didn't
have any allergies at all.

I didn't have to take any Benadryl
at one time and I'm back up here in

Maryland and it's killing me already.

Okay.

So we have our news out for dollar CAD.

So working inside that fair value gap.

Yeah.

It doesn't look like it's going to come
now for us to get a discount entry.

Yeah.

I'm allergic to grass, grass.

What sets me off and for whatever
reason, it was not being it.

Wasn't giving me a problem down there.

A man alive up here.

It's terrible.

Manufacturing.

We got into Virginia.

I started feeling it.

Paula, you had grass pollen or
wherever you want to pull it.

I'm allergic to grass.

If I sit down and grass, I'm going to
break down the eyes and my business

really, really pretty down there.

Folks were really, I was
surprised how pleasant they were.

Okay.

Here we go.

For the buy stops.

Well, unfortunately we didn't
get our discount entry, but

we're seeing the market look to
respond like we're expecting now.

So that's a good thing.

Check out your receipt.

It's making a run for it stops yet.

It should.

It should expand down in here
and get below that 1 0 8 75.

It should be doing.

I got home and my son was a gluten dad.

I got a really good buy
off of a dollar yen.

Did you see it?

I said, yeah, I saw it on the forum.

Don't rub it in kids.

It's beginner's luck, man.

It's still going.

I said, are you still in it?

He goes, no, not to profit.

Say well that you can't talk about it now.

Let's feel bad.

They'll want to kill a
spirit, but it's neat.

Seeing them gave sided about it

by stops in jeopardy here at 37 35.

Nothing up here, except for by
stop, by, by liquidity up here.

And then fair value got
outlined as we had did earlier.

Well through the means threshold
of this last up candle here, which

wouldn't be necessary because
of the structures in place here.

So we're definitely looking
for 37 35 Ronald and by stops.

And what we do at that moment will
be interesting because I want to see

if it trades through that with any
measure of conviction, if it does, then

we're looking for 37 50 to, well, this
is called 37 50, because that would

essentially fill in that gap here.

Even if it was a midway point.

Um, Eric's asking where's
the entry on this.

We were looking forward to come down to
the order block here, as soon as the price

would hit that, and that would be entry.

Uh, we did not get a
discount entry at all.

It just stayed up and then it just
expanded going into the release of

the news, right on the direction,
right on the first two levels.

But we did not get an entry.

We didn't get it discount entry yet.

And at this point I wouldn't,
I wouldn't do it now.

The blue lines mitigation, we were
saying that, uh, if it rejected right

away, um, at this level here and comes
down, we could reasonably expect to

see it, try to go one more time, go
higher, and then go for this gap.

And it's still potential here,
but we can't buy it right now.

The condition would be, you have to
watch for by stops to hit reject, come

down, mitigate what do they mitigate?

The cells that they use to drive price
down below the Asian range in central

bank dealers range one day, one standard
deviation, or two of you used a Wix.

The, uh, the accumulation of took
place in here below the opening price

net, both zero GMT and at New York
at night, the price was below that.

And the accumulated ahead of the news
expanded, we were waiting for price to

come back down here to go to block it.

Didn't do that.

So the condition now is if it trades
to buy stocks that rejects and trades

lower, it's this, the sell orders.

They use the S the, the dry price level.

When this last panel formed, we
use the close of that candle.

That's mitigation.

It hits that they will
mitigate their short positions.

They use the dry price lower, and
then there'll be a free rein to

go higher and maybe hit that 37 50

Y my, my mitigate those well, they
used the orders to the dry price level.

And they don't have to do that.

I'm just saying that if we want to get
long, this one scenario that we can

use, it has to be the only this one
now, because they're likely to getting

back to animals or walk is not likely.

So we were going to look for this
mitigation to the storyline is they took

price from this high down here to knock
out cells to hospital or these lows.

So they've already cumulated down here.

They expanded there way
anyone's short down here.

They're not gonna let them off the hook.

So we can't expect them to come back down.

Now it's already too much gone.

So where they sold to dry price lower
there, those orders are underwater

now, right now they're underwater.

So if they come back down after the
biceps have taken, because this is

a balanced price range, two times
its past and here buy and sell.

If it rejects there, that's
just normal retracement.

And there's nothing wrong with that.

You can come down and hit that.

And then we would look for
price to expand on the outside

and go to the fair bag at 1 37.

But that's the, that's the basis of
why I see or expect it to be the case.

Am I stop rejection and trade lower?

Not that we're going to create
a high in trade all the way down

through the lows of the day.

We're just looking for it to come
back down and mitigate the shorts

they use to drive price lower in
London, and then see it expand higher.

We use a fit, run a swing projection
on it and see what we got.

You should be real close to
that fair value gap up there.

37 50.

Yeah.

Symmetrical price swing.

Just falls.

Just short of that.

That's interesting

breakers, our mitigation, but the premises
mitigation that's that's what's going on.

Whether it's a breaker or a regular
standard mitigation block, the process

that's happening on institutional
workflow is they're mitigating.

So to answer your question, Karen.

Yes, this isn't, this is a breaker,
but the concept and an idea

behind it is they're mitigating
what they use to go lower.

If they trades back down here
after taking the biceps, I like

it after it takes the biceps.

I don't like it.

When it comes down here, like this
made that high and comes down.

I don't like that so much.

I'd rather see it take to buy stock.

Cause then we have a market structure
break with this short-term high,

then it can come back one more time
to make a run for the fair value.

Uh, Anton's asking one
of this web on our start.

Uh, we've been at it all
night long through London.

We've got about 175 pips bank.

So, um, try to stop losses everybody
now it's we started at eight

o'clock five minutes after eight.

Is it possible to be
profitable out trading you.

Without using U S dollar.

Um, yeah, you can, but no.

Why would you not want
them to these, have that?

It gives you a greater insight.

Your dollar tickling, the, uh,
the one who eight 80 level again,

south stopped liquidity pressing
just blew that one to 8 75 level.

All their dollars are hot right now.

Actually one we, 75, I'm looking
for while eight 70 to print.

Um, that's a good question.

Andreas, why would I not
anticipate this being a turtle?

If we come up here and take the buy
stops and then reject, well, I would

just not continuously go lower.

Um, it can always do that.

And the reason why I don't see
that happening is the structure

that we have in place already.

From Friday's low Monday, we
are traded below Friday's low.

We came up, made a high longer-term.

Um, the dollar cat should go
higher because the futures contract

on Canadian is extremely weak.

So that's bullish where this pair dollar
CAD, and we've seen them engineer that

in introducing liquidity down here,
they work this a lot, a lot of folks

in here, we're using all kinds of
ideas to get short and they're trapped.

So this is where all the work
was done on a daily range.

So if they're going to go
up above the buy stops.

Okay.

Um, and then come back down.

Those individuals that
are just holding out.

A wing and a prayer.

You get off that losing position.

They're not going to let them off
to anything about the buy stops

here and then come back down.

I would see a continuation outside
at this mitigation area right there.

Um, cable looks like we're going
below the short-term low here on

May 4th.

So that load comes in at 1 28 30.

So probably going to see 1 28,
21, 28 big figure downside.

And then we have this order block here,
uh, which already been, has been used.

So your concern is going to be
what, why won't we bounce there?

Um, most likely won't bounce that
will probably just come down through

that, that we do have self SaaS builds
up a low, the low on April 24th.

It comes in at 1 27 72.

So 1 27, 71, 27, 65 self other
qualities resigned there.

And if it goes down below that,
we'll see probably most likely

expansion down to at least in middle
of the, uh, the blue shaded area.

That's your fair value
area or liquidity void.

I will get potentially see 26 85.

So there's your level.

You can scale out if you're short.

Um,

uh, yeah.

Paul, um, cot pass and cot
for CAD is equals O N G a.

Um, I don't, I'm gonna take
a wild stab and say long.

Is that what you're trying
to say to the student?

Put the Ellen,

remember cot is a longer-term it's
not going to be right to the, to

the paperwork spot on the timing,

almost there with our objective on
closing the gap from a couple weeks ago.

And again, what we're really watching
for is there's an interest to see it

to go, not just to get closure and, and
come off, but to expand through, I think

in personally, believe they're going
to try to make a case to go through

the gap, not just hit it and close.

Uh, there's going to be people
that's going to try to play that

gap closure and get short dollar
and they may get an initial cookie

feel like you did the right thing.

And then they're probably going
to jam it up against them.

Um, if we get this through the gap,
opening price movement, I'm expecting

again, the weekly objective as a C price
trade towards this fair value gap up here.

Hold on.

And the 12th of April.

So we're looking from 100 point
80 to 100.5, uh, in that vicinity.

Uh, we are in scalping
mode, cliff, nothing.

Uh, nothing in the markets has been
terribly excited to be in participating

in any longer term than that.

If I was I'd be trading with life
funds going crazy Aussie dollars,

continuing its expansion down into our.

Opposing fair value gap or a
discount or a, let me see it

break down below this low.

Don't want to keep that wicked tech

and our cat's still above our fair.

He gets it bodes well for a run on
liquidity above that high of yesterday.

May 5th.

I'm sorry.

May 8th.

Alec did grief.

I'm going to include the, uh, the future.

Portion like commodity charts with
each one of these markets today.

Now the Euro, the cable or British pound,
the Aussie dollar and the Canadian dollar.

So I'll give you some insights
with cot and I'll give you why.

I said that Canadian dollar futures
are weak and they potentially

have little bit more downside.

So that would give us upside for
dollar cap and also answers and

continuation with Andrea's question.

Why this would not be a turtle suit
after running the buy stocks, why

would you not expect it to trade lower?

We can expect the tree lower, but it
would be limited in our understanding

to the mitigation block here.

And then we could look for
capitalization again to send a higher.

It doesn't have to do that, but if it
were to reject here and he could just

keep on going through and go right
here and close the gap up at 1 37 50.

But if it does that and rejects,
keeping in mind at the higher timeframe.

Perspective on Canadian dollar futures
contracts as the commodity that's bearish.

So if that's bearish for this pair,
dollar cat is it's bullish where this

us cat is it's Canadian dollars dropping
dollar strength is going to be seen.

So that would push this pair higher.

So that would go against the, um,
the idea of expecting this buy

start run as a turtle soup cell.

It could come off that
high and trade down here.

And if you wanted the profit on that,
that's something you could certainly do.

And that could be a scalp.

Yes, there's nothing wrong with that.

You're viewing it like that, but don't
view it as a turtle soup and expect it to

go lower because I don't see that now it
can happen because I said it now it's in

recording, but I don't see that happening.

I think that we've seen the turtle
soup in the event of all the lows

here in this short term over here,
we saw that as a turtle soup long.

That was the premise of why I expected
the advancement of the upside.

1 0, 8 75 has been tagged on Euro.

Let's see what the
lowest, yeah, one to 8 75.

Yeah.

You're it looks like it wants me.

Sorry.

Pam looks like he wants to come down a
little bit to make my season conditioning

continuation on that this week.

Darla CAD should monster buy stops.

Now my little of I'm a little disenchanted
because I was hoping we would get an entry

in here at the older block, but that's
exactly what's gonna happen in real life.

When you're done with the mentorship,
you're going to have an idea.

You're going to see where it wants
to go and what you want to buy.

It may be too cheap and you don't get it.

So it is what it is.

Um, the hedging program for the cot stuff.

You can't find it anywhere
except for when you create it.

Like I will teach,

should expand in here, run those by stock.

And that should give you folks
that are short Euro and opportunity

to get a little bit better exit
and getting ready to expand.

One more time down here.

Should she a large range come
in here, reach where liquidity.

I see your question, Richard or Ricardo.

Rather, a lot of the questions are being
asked to have nothing to do with the

two things we're watching right now.

That's very distracting, but
I know you've asked about the

forum and the voting settle.

I will comment on that before we close.

I always give you some kind
of a housekeeping thing.

Usually before the end
of the live session,

you guys are busy.

Must've missed me.

Yes.

Question by fine by.

Um, cable is pound dollar.

This is the name they gave
it fibers, Euro dollar.

And I don't know why
they gave those names.

Never looked into why they yell

the, uh,

oh, the dollar still
hasn't come down below.

It's intraday low.

We want to see that happen

really, really nice to see a institutional
order flow, um, having impact on price

and seeing where they want to draw it.

I've had a, uh, a vacuum
of that in recent weeks.

So it's nice to see it coming back.

Just a few more pips.

We should see that by stop wrong.

uh, the question is why, why
didn't we just buy it market?

I'm assuming you're
referring to the dollar CAD.

Yes.

All right.

Uh, the reason why we invite
the market is because we had

already had a expansion in here.

So if we're going to buy, we want
to see it actually come down.

We want to enter during movement.

That's opposing the market direction.

We're going to see in profit somewhere.

If we're buying, ideally we
want to be entering at some

measure of downside movement.

Okay.

And that's why we outlined
the order block year.

So yes, in hindsight, one could
look at it and say, well, we should

have bought it at the market.

But that doesn't fit the criteria
that we teach, because you're

really buying it at a premium.

If you can get it at a better price
lower, and that's what you try to go

for, because it keeps your point of
entry and what your stock needs to be

smaller, buying it up here and using a
stop loss that we outlined here, Kesa

greater range of risk in terms of pips.

So again, the reason what we're
looking for is movement down.

When we look to buy, which is what the
strength of the water blocks gave us.

Uh, we have a down move, so we want
to see it return back down to that.

So now we have a fair value gap
and see that it's left that intact.

We can come down to there's a small little
fairway you get right in here may not

constitute the very much, uh, this week,
but be aware of it because it's there now.

And there's a number of you commenting
right now saying you see where it

wants to go and you're too afraid or
impatient to wait for it, to come back

down to a better price and you end up
buying it and you end up getting scared

because it goes down against you.

And even though that that would
have been a better place to enter

your exiting in fear, right?

When the real buy signal occurs,
then price takes off and runs.

Yes, that's, that's what I'm trying
to avoid you from feeling because you

know, and barely he's going to buy it
and have too much leverage on here and

any little movement against it's going
to be multiplied by a thousand and it

will scare you right out of the move.

Yeah.

Your is being held in consolidation.

Almost got to that gap.

Look at that.

Hi, coming in at nine, nine point 59 to
six pips shy of our expected gap closure.

Again, we're looking for the tendency for
it to get overzealous and really expand

through because then we know I have a
directional bias going into the rest of

the week for the fair value gap of head.

What percent risk do I recommend?

Um, portrayed those.

You're asking Eric right now in
these conditions for them general

right now, or in general, but these
conditions about a half of percent,

it just doesn't make sense to do
anything more than that, because if

you have a series a, if it, well,
if you're risking 2%, you know,

even if you do my scale down, it
doesn't take long to still take it.

Uh, kicked it a gut about five to
6% over a string of losses and the

potential of you making it back.

Isn't there because the
conditions aren't right.

That's the reason why I go a little bit
bigger risk when the markets are more

symmetrical, because even if I'm wrong,
that that, that, um, that loss or series

of losses gives me greater insight.

And then I can flip my ideas and get
more closer to you in saying to what

the market should just going higher,
lower, and then trade accordingly.

That's why I don't, I
don't fear taking loss.

I don't where I ain't worried about
drawdown because if the market

conditions are there, the low loss is
a premium for insight when it's like

this and these current conditions.

I don't know if I'm going to be right,
like any other time, but when I'm wrong,

it doesn't give me any new information.

Like you're wrong.

Thanks for reminding.

Thanks for playing.

And I'll see you tomorrow.

Come back with a greater leverage
and we'll, you know, we'll do

a better job of taking money.

Um,

I'll cover some more discussions
on a money management and risk

using the Scouts and stuff.

That's all part of it.

I got real close to the buy stops.

Hasn't ran it yet.

So far.

We've only seen trade above
the rejection block at 37 30.

So we just went above that

on PIP.

And you're only went down below our level.

I want to eat 75 or 76
noted here just by one PIP.

So if I were short and.

Your dollar.

Um, I would want to
take something off here.

If you are looking for a trailing stop
loss in here, uh, you would have to be

above 50% of this daily range and not
try to get tagged too prematurely case.

We get more continuation down.

So 50% of this range
is equilibrium in here.

So your stop loss would have to be,
um, have a fair value gap rate in here.

So I would think that 1 0 9 15,
that's where your stop should be.

If you're, if you're short on your
dollar, take something off in here in the

event, we'd get some kind of rejection.

That's all it's necessary for some days
where it went just below or to an old low.

And it can punish you for another day and
a half and send lower by E all the dollar.

That's what got me a couple times
this year, trying to short the Aldi

right on mine direction and my levels.

But they came back and swept me
for going lower is the Euro and

a market maker sell program.

15 minutes.

Lots of one.

That's where we're at now.

Yeah, that's what we're seeing.

That's what we're asking for in terms of
the market to give us a better run on the

liquidity down below here, consolidation,
rally returned to consolidation, cumulate,

recalculation, Smartline, universal
Lewis, cell distribution redistribution.

And then we should come down a little
bit more convincing in my opinion,

who are there, but it doesn't have
to, I would demand it as the trader

demands go a little bit lower.

From a profile standpoint, it's
already did what would be necessary.

That's why I'm telling
you to take profits.

Even though we have an up-close
and already moved away from level.

That's why I'm suggesting if you're
short, take something off here.

Keep your stop off a stop
loss at one at nine 15.

All right, well, that's
gonna do it for today.

Uh, I know it wasn't an entry,
but we're able to see some

price action that was favorable.

I think if we continue this trend and
start seeing a little bit more, um,

predictive price action, things will
get a little bit more interesting as

we, uh, meet on a real-time basis,
but we saw fair value gap filled.

Um, watch this the rest of the
day, we will be looking for a

device that's still be ringing out.

Um, if we happen to trade back
down into that blue level, that's I

highlight not having to hear again.

Yes is a breaker, but we're looking
for the concept of mitigation there.

So conceptually, we don't want
to see price trade below that.

So if we trade down there,
you can do a test or a case

study there, do an entry rate.

As it hits that level, you can
be a little bit more aggressive

and trade it, obviously on the
opening on this candle here.

But for mitigation, we like to use
the up candles for a bullish breakers.

So whoever closes that's the only up
candle, that's the level we're looking

for it to be retreated to that level
comes in on Forex LTDs platform comes

in at, uh, let's just use the candidate.

Like why are you making
it hard for yourself?

Uh, 1 37 0 6.

So 1 37, 11.

That'd be your entry.

If we get some movement lower, you can
test that and your stop would have to

go below the fair value gap in here.

I mean, threshold of this
down closed candle, and I'll

give you a price for that.

Um, the openness 36, 86,
low close, rather 81.

So you can use 36 80.

So buying at mitigation stop
at 3,680 and you would look

for 37 50 as your objective.

That would be your weekly objective.

It doesn't look like it's gonna
happen because we're probably

gonna take the buy stops.

Now, getting ready to
expand up and grab gravel.

Just another pivot to

now what we're seeing here, all
this is the same thing you'd be

looking for on a daily chart.

All of the universal it's all
applicable in all timeframes.

It could be done the same
way on the monthly chart.

We're just seeing price action
delivered on a smaller integral

because of the intraday measurement
of the 15 minute time, four hours,

same way weekly at same way.

Everything we're seeing here is
applicable on our timeframes.

And I use the higher time frame to
frame the idea that it was going

to go where we're talking about.

And now we're honest with you.

I think that the time I had away from
the markets and being with my family

this week helped because, uh, he forced
me, I have a different perspective.

I came back.

So it's always a good idea to do that.

All right.

So that's it folks, uh, wait for another
pass for that 37 35 level to probably

going to take it one more time and
we will, again, highly recap today.

I will get this video processed
and sent that onto the form.

Should we have it by 11 o'clock?

I think, I think it's fair.

And then, uh, we'll do a
recap later on this afternoon.

I'll have cot information included
on that and I'll give you, um,

the links for tomorrow's session.

And again, we'll look at the, or GMT.

Uh, conditions for tonight.

If there's anything that you can work
with, I'll give you that as case study, if

you have not already noticed on the forum
and on Twitter, um, I posted a poll in

the form of three posts that you can like
that, that like constitutes your vote.

Okay.

Um, I'm giving you as the community,
the opportunity to determine

how we complete the remaining
portion of our time together.

And if we want to continue with the
regular schedule and just have the most

September for questions and answer,
I'm certainly willing to do that.

Um, then I gave an alternative to
that would be having June, July

and August, no fee, but we did
spend extra time working with that.

Um, but we still run the risk
of the market, not being in a,

uh, favorable market conditions.

So we could still, still be doing
very similar to what we're doing.

And while that's extra time together
and it doesn't cost you anything,

I can't promise the market's
going to give you us conditions

that we can do a whole lot more.

And I read a tweet by two people in
our group that suggested why don't

I just add that extra time at the
end and keep the normal schedule

and quite nice are run on stops.

Very nice.

Very nice.

That's what we're looking for.

Unfortunately, we didn't get to discount
entry, but we're seeing it happen in

terms of direction and all that business
to see if you're a guy, little squeeze on

it yet, dollar index still didn't get it.

So that's nice to see that run out.

So I got lucky today.

The, uh, had to put that in my journal.

Lucky, lucky, no injury though.

But, uh, the third option I used
was suggested by a couple of our

members on Twitter and Twitter
goes by, by today, by the way.

So I'll also include that
in the session as well.

Um, They gave me a download link
for archive that I can have that.

So all my tweets will be in
that second post that to a form.

I don't want to be on social media,
uh, not, not in the form of Twitter.

I don't want people tweeting to me.

I don't want people ask
me questions on Twitter.

Everything needs to go through
the forum, an Allen or email.

So if you want it private emailing,
if you want it to be available to the

community, and maybe you can learn
something from it and obviously posted

to the forum, um, um, forcing Cody to
scan the form also on a day by day basis,

starting today, any real hot topics, um,
or demands like, Hey, look, I need this,

you know, can you really address this?

He'll go through that and filter that.

So there's really no necessity
for me to have a tweet sent to me.

And I'm going to be going through,
um, the forum again on a day-by-day

basis as well in the evening time.

Once I get done with the family
dinner and all that business, but.

The third option is we go
through the schedule normally,

um, the last three months are
delivered as previously outlined.

And then I spend not only September
as an extra month with no cost

to you, but October and November.

So it's the same amount of time.

My wife has a lot for me and I told her
last night did that was a suggested.

And I don't even know why.

I didn't think of that myself
personally, I was stupid, but, uh,

I had a lot of things on my mind
this weekend and less, but I think

that's a viable option as well.

So I'm not going to talk
into any one of them.

You, as a community can go to on that.

Um, on the thread that I created in the
new section, there's actually a poll.

Okay.

A while I did ask you I'll do this,
like, I didn't know how to use the poll

feature on our form until last night.

So I looked up how to do that.

So make your vote on the poll
and we'll use those results.

Just use the descriptions in the three
posts I gave you to, you know, to

give you a better breakdown of what
information and how it would be delivered.

And that's that.

So,

yeah, we won't be doing anything in
December as for certain that can't,

we have two trips in, uh, in December.

We have to go as a family and I'm not
going to be doing anything in December.

So December and January, I will be
absolutely not even looking at charts.

All right.

So, um, all, any updates will be on
the daily basis through the form.

I'll be a lot more active in there.

And every month you see there's
a secondary thread created.

So not only is it just the content and
one portion of each month thread or area,

there's obviously, uh, another sub text
or sub title, uh, topic in each month.

And I use that as like
a, like a sounding board.

So anytime I create that, you
want to subscribe to that.

And, uh, we'll also have a schedule
we're pretty much on a schedule now.

I mean, I'll tell you.

When the live sessions are coming,
they're pretty much uniform time.

And by three o'clock in the afternoon,
New York time, all of your charts

are updated on a chart index and
your daily recaps are posted.

So the recordings go off.

As soon as I can get them done.

Like this one here will be up as soon
as I possibly get it done and uploaded.

So that's the schedule at eight
o'clock, you know, I'm looking at

the open on the prices and you want
to be checking the thread and around

between eight o'clock and eight 30
every evening, New York time to see if

there's anything that we're gonna be
watching, uh, for, for that session.

So, and New York, I'm sorry.

In London, rather.

Um, New York, midnight, 1230.

I'm usually getting up, checking
if there's anything going on in

London, I'll send you a video
that we'll post before 1:15 AM.

So that, I mean, we're pretty
much, we got a schedule, so.

It's not like you have to
be new Johnny on the spot.

Just no one to go to the foreign
and check out the information.

If there's nothing there, then you'll
know there and will be anything there.

I'll tell you no signal, no set up.

Okay.

Um, Pam pan, I saw your email.

If I'm not mistaken, you were
asking the same thing I was going

to get to those email questions.

Cause they're really outside of the scope
of this discussion, but I'll, I'll get

back to you through email about that.

Okay.

I don't want any thoughts or from media
Sean, because anything I say is going to

be copied, taken out of context or shared.

So not that it can't be done
in the forum, but it's just one

less thing for me to worry about.

I just want to make it a lot more
easier for me because I have to, I have

to get, I have to do this to myself.

You know, I don't have
15 people helping me go.

The only helps you with the payments.

You can't teach anything.

Yeah.

Do any lessons for me, we
can't make the PDF files.

We can't do any of that stuff.

So you're only limited to helping me do
the administrative side for processing

payments or, or restoring access.

That's it.

So I'm still a one show pony.

All right.

So that's it folks.

I'm going to close this one
really nice to see CAD respond.

Like we were hoping to see it.

Unfortunately, we didn't get an entry.

Um, if you answered, don't tell me
because it'll just make me mad, but, uh,

we'll be back at it again this evening.

I'll look at the zero GMT hour
and see if we, I think we can

watch until this afternoon folks.

I wish you good luck betrayed
and have a pleasant day.

And I'll talk to you later on.