All language subtitles for 090816_03 EN

All right.

So we lost the order block here on your
row at the sweep on the bodies of the

candles we were talking about earlier.

Um, we're looking at Canadian dollar for

response to the crude
oil on the Tori number.

That's due out here at 11 months.

Yeah,

okay.

And it's going to go real quick, over to

hang on one second.

Um,

All right, this is the
economic calendar for today.

And along the theme that we've
been more focusing on specifically

how to deal with, um, conditions.

Like how do we set the stage
for when we should be trading?

And I know there's a lot of folks.

Can I appreciate your enthusiasm,
but you're not the only one.

I get a lot of that same
thing in direct message.

And on email, um, the first couple
of months, while we're doing

this, I'm giving you a mindset.

Okay.

Um, obviously, I mean, here showing
you that it's repeating it's things

that can be seen on a daily basis.

I can't transfer this information
as a direct download so everyone

can know right away how to do it.

So I've taught a lot of people
over the last two decades.

And trust me, if you just
allow me to do it, you'll learn

exactly what you're paying.

To just be a little bit more patient
and I promise you you'll get it,

but there has to be framework behind
what it is that sets up the trades.

It just can't be, Hey here, look,
here's what I'm buying here.

I'm selling here.

I want you to what it is that we're
doing, because we will be doing drills

with foresight in advance telling you,
okay, look, we're going to be like,

for instance, I'm explaining today,
uh, we've talked about the importance

of knowing how many high impact news
events are going on for a particular

session and for particular current.

How many high impact events
did we have for today?

Looking at the calendar we
have in front of us right now,

it's a lot.

It's a lot.

So there's a, it's a very busy day.

So looking at what we have, there's
a lot of things going on with you.

Okay.

We have the minimum bid rate
took place early this morning.

Then we had, um, the ECB press conference.

Well, is that it?

Is that a precise time?

The conference notes, you don't know,
what's going to be talked about, what's

going to be dropped as far as a bombshell
quote, unquote, if you want to call

it that, and then you have the dollar
index with its unemployment claims,

and then you have the crew dormitories
later on, which we're about to see here.

So my question to you is.

In all that, which is the only currency
today that has clarity that you focus on

Canadian dollar.

Good blind.

Frog's the only one now Steven Bitbucket.

Got it.

All right.

So the reason why CAD is because
look what we have, we have distinct.

Medium impact.

These are medium impact events.

Okay.

Coupled and against the dollar.

So we know it's going to be very distinct
movement with the dollar CAD, and we also

have another impact it's medium later
on in the day with a Nichean dollar.

So they're probably going to want to
price, price, price, Canadian dollar

before this event on the heels of.

This high-impact news event for crude
oil and crude oil is directly related

to Canadian dollar because it's an,
it's a commodity for their country.

So the only with Euro, whenever there's
a speed, where's the conference.

Whenever there's a meeting and it
has a high impact to it, you're

going to get a lot of whipsaw.

So either you're going
to scalp it, take one.

Level know what it is that you're going
to be taking a trade on when it hits

it, get out, move to the sidelines.

Otherwise it's not as pure as
getting in at the London, hold for

London clothes that usually you
don't get these types of scenarios.

You get a lot of whip, stalling.

Okay.

And to avoid those types of conditions,
it's why it's important that you

learn what I'm teaching here in the
first month and the second month.

You will avoid all of the problems
of trying to push it too hard in a

condition it's not really set up to give
you real clean runs higher or lower.

Also, it'll give you the clarity of
knowing when you have these conditions,

you can move to a scalping mentality.

Not I'm not trying to teach scalping
as a, as a forced perspective on

the marketplace, but to make you
a universal trader, you can go in

and scalp in these environments.

And.

And you'll know exactly
what you're looking for.

You're not going to try
to bleed to turn up.

You're just going to take a little
bit out, move to the sidelines

and just take the next setup.

If you get it, nothing wrong
with that type of trading.

But many times folks that scout will go
all over the place in a day like this

and not have any real context of what,
what the condition of the market is.

So the market profile will beat them up.

They might get one or two winning
trade and they pushed her luck 1, 2,

3 more times, and they ended up losing
what they made and then they go on.

Yeah, draw down and that's avoidable if
you just relax, but it first starts with

obviously knowing what condition and
market profile we're in and you begin to

get those clues by looking at how much
information is coming out in that day.

There's a lot of impact.

It's spread across two sessions.

Okay.

When I say two sessions, it's
the entire New York sessions

that the landline forest.

But we have built in advantage with
the Canadian dollar, because it has

very well, not very it's medium impact
news for both the, uh, 1220 and the,

uh, eight 30 timeframe for Canadian
dollar, but it's coupled against

a high-impact unemployment claim.

And then we have a high.

That's crude inventory.

So, um, it makes it very easy
just to focus on one currency.

Like I said earlier in a previous
session, it doesn't make it impossible

to trade the other currencies.

It just makes it a little more difficult
if you don't have experience knowing what

to expect in terms of the volatility.

So it helps you filter out what
trading pair you should be looking at.

And hopefully I've answered a
lot of questions with the three

present presentations today with
when do I know what currency do?

You know, between the fiber in the cable.

Um, well, you, you, you learned a secret
to it today by having an understanding

of where the high impact medium
impact news events are going to be.

And preferably if it's only one
event that's high impact for

that currency and the kill zone
or New York, it's a loaded deal.

All right.

So let's go over to

sure.

Okay now, admittedly, um, this has
already fulfilled the objective

I would have had for today.

It might come up here, spike
it one more time, um, on the

crude oil inventory numbers,

but I want you to see the importance of
knowing what about tilty will do for it.

It's already closed and the
objective that we had for today.

Um, I wouldn't be surprised if.

Go one more time through that level.

Okay.

It's really fun watching
this stuff unfold daily.

Isn't it.

Especially if a new it's a
new trailer, you're probably.

It's annoying.

What are you talking about?

All right, so we're a couple
minutes away from the.

Okay.

If we get a spike down, initially

watch this levels to
the middle of that down.

Watch that one, because we have
stops resting rate below this low

here, so they could come down and
take the stops, hit the order block.

And then one more pass through.

If we lose this order block, it's
going to clear out these lows.

NAFTA.

We go through weeks of given
context of when the market should be

poised to move higher or lower and
aiming for specific price levels.

Um, we'll the teachings
this month will help you do.

Context in mind.

So that way you'll understand when we
go into month two, why I'm referring

to why the market should reach for this
level or below where it is now, in other

words, what we did with the Australian
dollar and what we did with the Canadian

dollar today, um, that is the basis of
knowing number one, when you're going to

take a trade and which direction yeah.

That's once you know, where that's
most likely going to reach for.

Okay.

Having an idea of where the market
may want to draw to where the

liquidity is most likely to be.

Higher or lower relative to the current
market price that gives you all the

things that you're missing right now.

That's why I'm telling
you the entries are easy.

That stuff is the easy part.

The hard part is knowing
where the market wants to go.

And everybody wants to jump to give me the
buy, give me the sell signal, give me the

answer, give me, you know, just get me in
there and then I'll start making money.

It doesn't work like that.

Okay.

So we have it.

We're a black tag that
see how sloppy that is.

That's what I'm talking.

Now.

You want to avoid this type of tree.

Now, contrast that with, if you
just would have simply been looking

for a run above the buys of the
candles for sweet one stops, knowing

that it's going to be conditioned,
like we've just described here.

See me out a little bit.

Actually let's go back to CAD.

It is gapping down whilst the order block.

Now again, look how clean
these levels are over here.

Very clean, and they have
another little level up here

where stops would be residing.

It only went just above that line that
I had drawn in a second session this

morning, before we took a break and
came back just now we went just one

PIP above it, and then we retraced.

So to me that's still a little too clean.

So then maybe coming back down here
just to, uh, find some discount and

then run it one more time higher.

If we lose the order block in here
that will indicate that we're probably

going to have to run below these lows.

and then later today, Uh, by
three 30, you'll have all the

videos that were recorded today.

And then there'll be a recap video.

We'll explain all the reasons.

Um, I was referencing specific
levels for the CAD and Euro.

Yeah,

dollars found support.

We were blocked, um, just fell
short of the bear shorter block.

And here I would have rather seen it
come up here, take these little HIEs out.

And then if it came back down
here, it might be entertaining.

He wants to go lower.

But here Rebecca in equilibrium,
which is the range between this one.

In this low.

So we are not in any state of expansion.

So we moved back to a position of
consolidation, which is the reason why

you're seeing us CAD holding side of it.

and they see this little gap right
in here between the, the high of

this candle we're trading now.

And the previous candle is closed.

He has small little gap.

is poorest price action, that little
segment of price action rate in there.

When we look at a trading liquidity
voids, that is a very good example.

What a avoid is price we'll come up
there and try to close in that gap.

When you see these quick runs like.

This little pocket or gap
inside, you don't see that

because the range moves so quick.

But inside of this entire range,
like this or this range down here,

it creates these little pockets.

And that's why the price has a strong
tendency to come back up and close that in

to give more efficiency to price delivery.

Okay.

Little bit ago.

Uh, you should be saying
you should be hearing me.