All language subtitles for July 07, 2017 Non-Farm Payroll Session EN

All right.

Good morning.

Good morning.

Welcome back.

So we have non-farm payroll today and
we had meetings all day today as well.

So, um, we're going to probably see some
weird price movement today, which is fun.

It's always fun to see a volatility.

So, um, we have.

Fed monetary policy
report also at 11:00 AM.

This morning says I'm going to
be rather impactful as well.

Do you want to shoot over to the charts?

And first order of business, I have a
dollar CAD short one to see if I can get

a push on any of that low for the cell.

Stop.

The order block was a little
too much for it to overcome.

That stopped out at

29 80 in here on the rejection
block when above it hit it

still inside the overall range.

Now looking at it this morning, I'm
thinking that non-farm payroll might

push it over these equal height.

Did you see there's 1, 2, 3, and guys on
YouTube, like they call that triple top.

So, you know, that means the,
uh, I'll come back to the dog cat

in a second cable, true to form.

I mentioned that we'd have issues with
this 1 29 70, because it's a breaker

and it has to leave it convincingly
as to really get through that.

And you can see we're basically
encapsulated by that entire.

So 1 29 70 was in fact, a struggling point
and it gave up a little bit of ground

last night, left, equal highs in here.

And we mentioned that that might be
one of the outcomes we see for cable,

not being able to rally because at 1
29 70, if it drops and Euro rallies,

or if they can keep your sideways,
um, that would give us that run on

your upon, which came to fruition.

So the fair value gap in here,
I was outlying last weekend

and mentioned again everyday.

So far this week came up and
hit that filter in brilliantly.

So we may be seeing the end of the Euro
pound move higher, but we may see cable

gained some of its losses overnight.

It may rally a little bit, and Euro may
rally up into that 1460 rejection block.

So it may see that.

Push above clear out these buys stops.

Now whether we go through that and
reject and go low or not, I don't know.

I don't have a strong feeling
one way or the other about that,

but I do believe that we are
going to go to 1460 this morning.

Oh, non-farm payroll.

I think that'll possibly happen
simply because we're so close to

the daily, um, liquidity, this thing
on this daily, uh, here at, yeah.

1 14 52.

So it's not that far away from where
you know where we're at now and blow

out the weekly rejection block at 1460.

Uh, just as a side note, I made some
notations before I started today.

I know I breezed through the recap
yesterday and didn't mention anything

about the CRT, whether you're a
dollar and I will get to that.

Today I promise.

Um, we just get more gotten slammed
because a lot of clubs didn't

sign their satisfaction with
Bob when we're on vacation, they

haven't even opened it up yet.

So we've been busy getting there
together and hang on one second.

Where are we at?

Alright, so dollar cat.

I wanna go back to that one.

So I suspect now that.

The premium arrays I was
trying to work off of.

They are no longer valid because we broke
through them and we got to mean threshold.

This last up Canada was
a bearish order block.

Buy-side liquidity risks at 1 30 20.

So I think we have maybe a
low resistance liquidity run

for dollar cat on the upside.

Now that may not be

all that we see on this.

It may push a little bit higher
and I'll outline that in a

second, but I'm observing today.

I'm not trading.

It's not on payroll.

Maybe have ADR.

Hi, looking at a 1 30, 35.

And if we go out a little bit
further, a little bit of business,

I want to detail and he heard us

I'm going to use horizontal lines
because that way it'll pop on

the chart will be easier to see,

to have 1 31 25, essentially
Travis down a little bit.

Top of the gap, bottom of the gap.

And we have this come on, work
with me here, small one in here.

So we got a 30, basically 31 60.

I like as a longer-term if we've
made some kind of a longer-term low.

And 31 20, which is
between 30 and 15 31, 25.

I like getting it right
in the middle again.

We'd like to see, uh, at least the
middle of gaps be traded to all

of this has been efficiently tray.

We have two candles pass through that.

So it's not that big of a deal
in terms of a gap it's small

little itty bitty thing in here.

I wouldn't even mention that.

Um, but we do have an.

That NFP could work off of today

as a catalyst and get this off.

All right.

So we have that, that, that
know we have the buy stops here.

So I'm going to throw a fib on real
quick to see what the projections

are on that and see if it relays
with any of the good grief.

You guys are laughing about the song
on your lucky I wasn't playing Yani.

Yeah.

Yeah, man.

It relaxes me.

All right.

So we have 200 extension up here, which
is basically a measured move completely.

Duplicate of this range here.

Just add it to the high up there.

And it takes us right into
that one 13, I'm sorry, 1 31

13 level two, maybe 1 30, 1 15.

Is that what that is?

Well, 16, give or take month,
one thirty, one fifteen.

We'll just call it that.

So we can see, uh, this come to fruition.

If we got some wild reaction to
the employment numbers, this one.

And really upset some of the, uh,
a lot of talk about dollar, this

dollar, that everything down dollar
dollar, dollar, so sentiment right

now is heavily bearish on dollar.

And even though I do believe that this is
a viable target, we had this order blocked

down in here and we could be just making
a, uh, uh, an attempt to try to go lower,

but fail rates, a bullshitter block,
and this old high draw that out in time.

And it's typical non-farm
payroll to do this type of stuff.

Upset the cart right there.

The main threshold that's left at last
closed down candle bull shorter block.

So we could see dollar
based rally today on NFP.

And then I'd be looking for
this level up here, 96, 80.

I think that was a level that would
have been better if we would rally

up to that, instead of just this
little thing here, I would have

been better for it to rally to that.

So that was the level I was looking for
for action this week, European again, I

think we've fulfilled our weekly range.

You're a DOE I think this is going to
act like a rogue and just rally one

more time and hit that 1460 level.

I do believe we'll get 14, 50.

But non-farm payroll push just
a wild, uh, push on volatility.

Um, we've already got the pre
NFP number spike below, so they

they've taken a low, another low.

Now we have gaps above us.

We have it in here.

We have it up in here, all through here.

So let's define that.

Let's keep it like this for now.

I'm out here.

I need the control button
and using my other laptop.

And this is the one that
don't use that much.

Some of like a blind man, so
wants me to buy furniture around.

All right.

So

where are we at here?

Yeah.

All right.

So NFP enforce.

We are an order block.

Now take this off.

We got that projection already
to quick look on cable,

sees it.

This is where we're looking at.

If it goes higher, you're a dollar.

Big spike, knocking out trailed.

Stop-losses let's see if they can
run it up above that 1450 level

near she comes.

So, so far both sides of the
marketplace cell stops taking first.

Now we're on a bike.

Uh, logically we have lots of
liquidity above the daily higher here.

So 1450 should still be a draw

cables almost up at it's upper
portion of the lowest fair value gap.

And we have a 1 29 30 is our next.

Okay.

Dollar CAD has slipped completely
all the way down below the lows.

It's dirty dogs.

So they'll take their
cell stops now, of course.

And see what the dollar
index is doing here.

It's all over the place.

Can you believe when I was
gonna ask the Patriot, I used

to do this day all the time.

You should look for it every first of
the month, I'm going to trade spoos man.

I'm going to make some editing,
something so many handles today.

Didn't work out as well
as I thought it was

1 14 50.

Oh, Bella Bailey rally

at our first fair value gap.

Boxers of mine here it is 29 16 spin hit.

So the next one is 29 30.

Basically.

They're both fighting.

The girl needs my desk to sit at my
feet, but Bella so big, she takes

up basically all the floor space and
Bailey's like, no, when they get in

there, like it's an amusement ride.

So I'm wondering if they're going
to take the self stops here and

then port all the way back up.

Cause it's not on payroll
and go for those buy stops.

They're really layered in there.

Nice.

Still not enough to get me one
of the trade it, but it's still

let's see what they get with that.

Uh, Ron, we had this
level outline yesterday.

Uh, Uh, 21 21 29.

Big figure.

Okay, so cables came ready
to climb up and closing this.

Now it doesn't have to stop here.

I just liked this order flow or here
is the most recent one, excuse me.

Most recent down candle swing low.

So that'd be a nice rebalancing point.

Your dollar, just seven pips away.

From the 1 14 50, then it
should pop clear up to the 1460.

And that's a weekly rejection block.

Let's see if we get that happened today.

Oh, the white, and then
I changed that to white

other computer, Michael?

Yes, sir.

That's the weekly rejection block.

So we have 14, 15 and 1460.

Our weekly rejection, so close,

so close.

So Tyler is wiped out.

It's equal lows in here.

It didn't come up to anything
that's clear on a 15 minute time.

I can see here

breaker here.

See what it looks like on an hourly.

Just a breaker

in here.

So we said we have south side
liquidity resting below these equal

lows in here for dollar index.

So that could be the draw on today's low.

95 60, 95 50 takes us down into
this candle's high it's also it's

open it's 95 50 I think is the
draw on a downside on dollar.

Um, if we reject this low and go
above, we have a little bit of buy-side

liquidity, poor buy start around 96.

Is that.

Let's see, 35 between 30, 96, 39, 6 35.

Dark had no real run below the
lows, just a little push through it.

Didn't even get to the 29 big figure yet

two pips away from that and see if
anybody comes in steps in defense that.

We had buyers ahead of it who were here
and here and now we're through it today.

So see how much of a convincing
fashion there is a to move

below 1 29 big figure so far.

So some logical Reynold cell
stops and irritates me that

it didn't do it yesterday, but

we're here today.

It's a cable still weak.

Can't even get to the second gap yet.

And your dollar failed to get to 1450.

I'm still holding its ground.

Just satisfying for a year.

Not to at least hit that 1
14, 15 wipe out, even if it's

by one PIP, things like that.

Make me angry.

See Bailey stop running around.

Hang on.

She's eating my pen.

Hi, S

1446 or pips short of the.

It could happen today.

So dollar cat has gone below its low.

We were aiming for yesterday.

And to see if we run back up

at all in closing some of
this, uh, range, or we expand

down below at 1 29 big figure.

The dollar index is not
convincing either way.

As I was saying, the beginning of
the session, let's go on through

some of the articles that get, they
get sent to me by way of email.

And when my.

Videos are compressing.

I can't do anything else.

So I look at the, uh, the reports
on the headlines I go to market

watch, and I'll go to, uh, all the
forums now click on the majors and

see what the general sentiment is.

And I'll spend a lot of time reading it.

I just want to see excitement
basically like, oh, this is going

to go to hell all this is going to
go straight up straight to the moon.

I'm looking for those types.

He keywords there's types of trigger
words, where it makes it feel like

they're very emotional about it and
everybody's talking dollar dollar, dollar,

you know, it's dead, it's going down.

It's, it's going, you know, the
Haiti's it's straight, gone down.

This is going to go
lower, yada yada, yada.

And whenever that's like that,
it creates the opposite effect.

So I think that's what
we're seeing in here.

In a way, that's kind of why I'm
looking at this dollar cat, thinking

that this may be a terrible suit.

They could've taken the loads that we were
looking for yesterday as an objective.

He came all the way against my
thought last night and then ran

it down lower in non-farm payroll.

So if they reject that low.

That'll build on my idea about why
I believe the sentiment on dollar

being bearish is at least for
the near term contrarian, because

we've already worked off the cell

mark microcell profile here,
consolidation return the consolidation,

Samira solar risks, cell distribution,
distribution, and we're below.

And we're at the low, essentially
right now, we taken out this

short-term low, which is over here.

So everything has been, uh,

in my opinion, staged beautifully
for reversal, lots of folks that

are, uh, looking for bears dollar.

Now they gave it to him on a
spoon initially on non-farm

payroll with this driveway.

But we haven't seen any continuation.

We have all of this over here and
it's got to break through which in

a way it's for an hourly chart, it's
efficiently balanced out and we have

a nice little cell side liquidity pool
resting below here, but doesn't seem

like it's in any hurry to get down to it.

You had thought that it was
expanding, taking out these.

So why not go all the way down?

cable only fulfill the
lower end fair value gap.

And we're back towards the small
little efficient range of price action.

Right in here.

It's going to rally is
going to do it on this camp.

We're at these last three down close
candles was the bullet or blocks.

So it's going to go higher
and reach with this one.

It should do it on this
particular camera right now.

So between now and nine o'clock New York
time, it should rally if it's going to

do it and you're a dollar, let's see if
it finds its legs to get to that 1450.

And another news.

Bailey has muscled Bella
out of the foot rest area.

She's a brat.

Alright, so dollar index come up
cleared all of yesterday's down close

daily range bears, shorter block.

96 or five stays high 96,
13 open on that 9, 6, 13.

So we came all the way up and rebalanced
right to the opening perfectly.

the only one that really
cared about is this Euro.

I just wanted to get up here
and hit these two levels.

If it does that I'm comfortable.

I'll be good.

I'll be happy about it.

I stopped right here that herbs.

Do me a favor.

Let me pull up the box here.

If you guys can answer me
and what's all of your, uh,

what is the, uh, hi you have
on your feed for your dollar.

46 39 39, 8 47 47 has got the lead
so far, the highest court I've seen.

So it failed to get to that level.

It's a little disappointing for me because
I wanted to see it pop up in there.

So let's take a look at what the
landscape looks like post and FP.

We have about 20 minutes
in because of the numbers.

And we have Euro making a higher high

dollar making a lower, low

cable, making a lower low

changes from two 15.

It's still low for this about
from Dubai to the 15 minutes.

Really really much more dramatic than
a 15 minute chart in it to crash.

So

there's spy stops.

They're layered up a lie.

we have met today's high and on fifth
and 4th of July and 3rd of July.

So third, fourth, fifth, and overnight.

Big piles of by stops,
resting on this dollar cat.

So they pull it all the way up from

we're looking for this low here
yesterday 29, 55, it's about 40 pips.

They drug it up and then took it lower.

Yeah, we might not see another
volume of movement until 11 o'clock

our monetary policy thing, whether
that, uh, fed monetary policy report

comes out 11:00 AM, New York time.

So probably will be the driver.

Um, we have PMI for cat at 10:00 AM.

Also.

So we'll see if that generates
a rejection off of those.

Uh, or if we see continuation lower,
my gut tells me that this is going

to get scooped up where we're at.

How many of these lows,
maybe 1 29, 28, 90 safe.

Any buyers come in underneath there.

Really wanting to see that level,
get a hit, say, I'm looking at

Euro and I don't have anything.

I like, I have no horse in this race,
but the, the thought process is okay.

If I would've been long yesterday,
say I would've taken a long on Euro.

I'd still be in this.

And feeling the grind of it
not having traded to 1 14 50.

So that's, that's the internal
dialogue I'm having about it.

And how would I feel right now, given
that like, if I was long, yesterday,

anywhere in here, how would I feel
had it and having it not see 1 14

50 when it got really close to it,
but just ran out and petered out and

didn't have any more staying together.

I might do it 11 o'clock, but I'm
not going to be here at 11 o'clock so

or disappointing non-farm
payroll, my opinion, what I'd

like to see in a little bit more
directional run, sloppy and cable.

Katz.

The only one that had a directional
run rate for the cell stops

1 29 is coming in here now.

Boom.

There you go.

That's what we were looking for yesterday.

You Canadians, you guys got something
against me, just like the Japanese do

Uh, this level here, you're asking about

1 29.

Uh, 1 14 61 40, 60 as an indicator
here is a weekly rejection block.

It's the furthest up close
candle on a weekly to reach into.

No, it doesn't have they as
anything to do with Ellipta.

It's a higher timeframe.

Weekly rejection.

All right.

So we're hitting that 1 29 big figure
on dollar cat, a secret real quick

look over here at the dollar index.

You see what I'm saying?

Dollar indexes is not trying to reach
down there, but we had dollar CAD

reach deeper down into 1 29 big figure.

So in a perfect world, we would see.

Dollar index reaching down.

When we see the dollar cat
doing equal attempts to reach

for a sell side liquidity.

So we hit the 1 29 big figure.

See if any buyers step in here,
gather this up a little bit.

we'll need to take Providence.

I buy one down here

just to see if I can get
any kind of read on it.

Now I have a little bit of a ego.

So we're below the low though.

Aiming for yesterday, we hit the 1 29
big figure dollar index is not trying

to show willingness to go lower.

In fact, it's even giving up more ground.

So it could flip this candle
that we're in here bullish.

Um, we're down below these cell
stops here, gathered them all

up, hit the 1 29 safety team.

Secret name defense on that.

let's let that ride.

I'm going to let this one cook until
today's, uh, and we see you're failing

to make any more attempt to go higher.

That really, uh, it really irks me.

Why, why can't you just
give me what I want?

Okay.

I didn't have anything in
here to make money with this.

Give me the 1450, and so I can go into
the weekend and be happy about it.

And I'm going to be mad.

I'll take it out on my wife.

Yes, sir.

I am.

What was the U S CAD stop?

What was the U S cat stop.

Hang on here.

Good to my chart.

Hey guys can see it clearly.

so we'll see if we get, uh,
a run up, if we can get above

and see what this is here.

Good grief

cases.

Last time you used this laptop, I
told you this before I hate this.

All right.

So 29, 38 48.

So we'd need to get about 29 40,
which is the high on this candle

here, the last down close candle.

So 29 40, we see that we'll look for a
full, a full fill on this range and stop.

I won't worry about moving it's
it's more or less just to get me a

better feeling of what they're doing.

With this dollar cat.

Cause I don't believe that this
dropdown here is there you go.

You got it up close now
on the dollar index.

So again, all that sentiment,
dollar, dollar, dollar, it's

going to hell it's bearish.

It's bearish.

It's bearish, man.

Non-farm payroll X like a breaker
in sentiment where it just changes

everybody's opinion about it.

So, I mean, we could be looking
at the intermediate term low here.

Rallied up and retracement and
to see a higher go to 96 60,

but, uh, take one more quick.

Pass through

cable is left the Bush
breaker on the downside.

I start paying attention
to this 28 62 it's Friday.

It's a little late going
into this one here.

If it would have hit that, or if
it saved us, it trades down to this

level here, I will be buying 25
standard, lots of this in real money.

That's how I like, I like it like that.

So in here we trade the
1 27 70, I'm a buyer.

So let's what I'm looking for it.

Even if it doesn't get there
today, you know what I'm expecting.

If we see lower prices going
into next week, I want that.

If I get this, I'm buying lots of it.

And in fact, if I get it, I'll
show you how we can use an hourly

chart and pyramid and build it up.

Okay.

So one more quick look at cat.

I'll go back third here to cat here.

I got my stock.

It's trading at 1 29.

Big figure again, Katie.

Next downside is 28 60.

We'll just round the fit around number.

If it's going to go down here, it
might spike into a little bit, and

we're looking at that high being 28 62.

So round number 28, 16, downside next
then below that it's all bounced out,

efficiently, both passes through.

So we're going to look
for, if we get ahead of.

Of my expectations of seeing that 28
60 being support, it can go down to the

middle of that efficiently traded range.

Like I'm going to show
you in a year on a second.

And that's basically what 1 20 30, 28, 28.

So 20, 30, 28, 28 in that area,
we could see that as a daily.

Well, if we lose this
short-term high in here,

is it nice, late bounce out range?

We had a buy-side delivered here and
sell side offered in the same candle.

Then we left that range.

So it starts at 28 62 comes down to 20.

28.

So we'll just call it 2025
reached for that objectives.

Nice.

Five level.

If we lose that, then we know all
eyes go into here and we have that

fair bay gap to find whether it's
candles high, this Campbell's low.

And we also have the bullish breaker.

So several different things in
here we could look at, but I

like that 27, 70, 27, 65 level to
me, it's like an amazing buyer.

I want to buy them.

And I would look at your.

It's given up its ghost.

So now we're drawn down towards the
self stop that we're left, resting

below the lows for all YouTube buyers.

Then we have, you're a pound
still hanging around there.

It's a gap you could punch
up, take out the 88 80 level.

That also would make me happy, like to
see that when trade through a little bit.

And then dollar index, like I said,
it's come off of its low and closed

mostly on its last hourly candle.

And we're now a new, a new candle.

So notice the high in here,
this high and this the museum.

And I'm going to close this session out
and let that dollar CAD trade pan pan out

equal highs, small little gap in here.

And this high here.

So 96, 15 96, 20, if it gets
to that level, anticipate

being a run out on 96 30 fives.

So that's how we look at it at
96, 15 96, 20 and did 96 35.

And then the rejection block would
be the highest candles close here.

Ninety six forty four.

We'll call it ninety six, forty.

And apart from that, I don't see
anything else intraday for dollar,

but if you'd like to guys, they
said, no, we're not going to lower.

Thanks for asking.

It's still at that 1 29 big figure.

Yeah.

So we'll let that one cook.

See what the, see what pans out.

I'd like to see it.

Show someone to go up.

Cause they're not going
to be a buyer on Monday.

And try to get some of this
range in here closed up.

This is only a demo on that.

And then with light funds, but if it
does give me a positive feedback, then

I will be looking to take logs in live
accounts in front of y'all on Monday.

So I'm gonna close this one folks.

Okay.

So I'll catch up with you later on
this afternoon and daily recap and

have yourself a great weekend, be safe.

And I'll talk to you on Saturday
night with your first teaching or.