All language subtitles for cbl_091416 EN

Okay.

So this is what we got for today.

This is the

economic report.

All right.

So we're looking at the pound today
at four 30 and about seven minutes.

There's going to be an economic
release, um, to high impact.

And then we have, uh, one medium impact.

So we have a lot of things
going on at 4:30 AM.

It looks like it wants to run too.

95 95 to 96 big figure that gives us a
continuation on pound to closing this

void, which it didn't do yesterday.

Left a little bit of that in there
still small liquidity pool rate below

these lows in here around that 1 31 31.

And ultimately to get some expansion,
we could see a washout on the stops

down at 1 30, 60 to 1 30, 60, I'm sorry,
1 30, 50 to 1 30, 60 on the downside,

looking for a bearishness on
cable fiber still in abroad can

come out of its range that still
bodes well for bullish Euro pants.

So we have some more liquidity pool
resting about this high in here,

85 20.

So we got 85, 25 to 85
30, uh, liquidity pool.

And then we have another one
with these equal highs as well.

Uh, in the form of 85, 35,
85 40 expansion with five.

8 5, 8 50

U S CAD.

Um, it still looks like it wants
to go a little bit higher as well.

All highs back here.

If we get a run today.

Challenge that

32 53

send them a hundred pips or
so for upside on a dollar cap.

But the focus is this morning,
primarily just for cable.

Quickly outline where
our liquidity pools are

so far.

We had protraction on the
app side, we've had a.

And unwillingness to go much more
significant below these lows.

So we do have liquidity below here.

I like the fact that we took
the stops out here initially.

Okay.

So this could be a short here
from 1 30, 2 big figures.

Okay.

Small little void in here would
have been nice to see it come

up here before the numbers, but
it could send it through there.

One more time, hit this level.

Maybe even expand as far as
bearish order blocking here.

Doesn't have to do that
in preferably, um, Okay.

I outlined the cat tree
yesterday during the lifetime.

Can we have two minutes for the release

numbers, your stop would have to
be around 45 to 50 pips on the

upside from where we're at now.

Yeah,

we're looking for.

Okay.

Run down to a 1 30, 1 30 to 1 31 25,

and then ultimately you run as slow as.

30 60, 30, 50.

Here's our release.

Watch this bodies candle.

I'm sorry.

This candle is body right in here.

This may be all we need
right here for the sell off.

I'm going to take a theory at the bottom
of the bear shorter block right here

and there.

So low comes in at 1 30, 2 15.

The Phil.

Yeah.

Didn't take my take profit.

Can everyone see that?

I'm not sure if you guys can,
you should be able to magnify it.

I'm not sure if you're
still able to do it.

Um, right now the stock
is sitting at 32 62.

And take profits 31, 24.

We go out to an hourly chart

and really, I want to be down here.

No.

Yeah.

I'm not looking at your
comments right now, guys.

I'm focusing on the mark.

I can talk more about why I'm
doing what I'm doing after I

get some feedback on the entry.

Okay.

So we have liquidity pool below here.

I'll take profits at 1 30, 64, uh, that
may adjust depending on what we get

in terms of reaction in the market.

Um, I'm going to be
watching these lows in here.

And the stops at 32 62.

The range still in here that hadn't
been filled in from yesterday.

Then we have the, um, liquidity
pool below here still.

So

I want to see some expansion
on the downside, get some price

in between market and my entry.

Okay

now had it had done.

Return to this level up here and
closed in this void, not needing to

close and all this, it would have
came up here and hit that initially

before the numbers, my stock would
have been a little bit lower than it

is now, but because it has left this.

I've allowed a room for it to still
spike up in there after the numbers

or during the release of the numbers.

I don't want to see it happen,
obviously, but if it does, I have

myself, a little bit of worm.

It comes up here and hits that.

Then I'll have to move to the sidelines
that will not take another re-entry.

I'll wait for New York city.

But it has to start moving in here.

The longer it sits in here
to the less interested I am,

five are still stuck in the mud.

It's amazing.

Isn't it?

How to stays in that range?

Dollar still looks like
it wants to roll, huh?

I'm not trading the news, I'm
trading the expected volatility.

I never know what the news is going
to say or what they're gonna mean

by having the numbers coming out.

I just look for the volatility
that comes around that really.

10, give you an idea of
what I'm looking for.

Okay.

Daily range, candle to
look something like that.

That's what I'm looking for.

I'm permitting enough of a room to move
back up to that 32 41, which is not

what I want to say, but I'm allowing it.

It's just basically, uh, the opening
right here, a small move up and

then more of the, uh, the daily
candle down here with a down close.

That's all I'm illustrating here.

It's not that I'm highlighting
any specific price levels.

Just do it wrong.

There are three contexts.

Okay.

I just highlighted the
middle of the candle.

Let me see me a little bit more.

That's the main threshold with
bare shoulder block, which is a

candle prior to this down move

again.

We have liquidity resting
below just below these lows.

Okay.

Okay.

Now again, we got more news to,
uh, to contend with in New York.

Let's go back to it for a
second, just for a moment.

So we have a 10 30 at the cradle numbers
again, and, uh, what's it like to have

something we can do with Australia,
but we have one more news impact.

Dollar-based for a New
York, late, late New York.

Uh, I'm sorry.

Late New York overlap with London closed.

Okay.

It can, it can Pearson.

We just don't want to see
the body of the candle.

Go through it and close

the comment was we breached it mid point.

Oh, the up candle.

I can, it can poke through it, especially
in London, a lot of movement in London.

Again, it would have
been much more favorable.

Hang on.

We're still studying, uh, the idea that
we're above the opening at New York now.

This blue line here
sticking true to the format.

I started with this mentorship when
I gave the first video outlining.

What we're looking for for true day to
day is, uh, the daily range parameters.

In other words, what the bulk of the
volume for posting a higher, low of the

daily range, uh, they, they should be
occurring between the midnight candle

or midnight timeframe in New York.

And 3:00 PM.

New York time.

Okay.

So you're seeing the parameters or kind
of like the, the beginning and ending

of what would define the time of what
the daily candle really should look

like when we look at our platforms, it's
not that clear because you have all of.

You have Asian, you have, uh, the
New Zealand open and Aussie session,

which to me isn't significant.

I'm more concerned about the bulk
of the volume that occurs from

midnight in New York to 3:00 PM.

That's where 90% of all
the money's exchanging.

But, uh, I really want to, I
want to see it expand down in.

If we get down below the middle
of this down candle, which is what

I'm hoping, we'll see in here.

If we get below the middle of the standard
candle here, the stock will get lowered.

Still have this little bit of
a range in here from yesterday.

Not yesterday.

What's today, the 14th we have
couple of days ago, we had this low.

We didn't come back to that at all.

And that was my only concern.

Getting him why this
stop has to be so high.

Okay.

Okay.

Yeah.

Okay.

Yeah,

so far it's black Lester for high impact.

I ain't seeing much volatility.

All right.

We've got about 12 minutes left of
the ice tea, London open kills zone.

I'd like to see it be able to come down
out of that at least get the low, the

middle of this candle here that would bode
well, the longer it sits in here, the more

likely it wants to close in this range and
maybe even return back to the spiritual

or block, which is not what I want to do.

What I'm saying is, is if it.

And we don't get, uh, uh, movement below
the middle of this candle before 5:00

AM my time in New York, I will look for
another opportunity to reposition and

collapse where it's at and just leave the,
uh, the idea for the New York session.

Because the longer we sit in here,
the more likely it will want to

expand and closing that range at least
to here, which obviously opens up.

And then we could still end up
hitting this bear shorter block of it.

Does that just on pure static price
action or giving it about 10 more

minutes that get below this down candle.

I'd like to see when, uh, we have
news impact, uh, releases like

this on the economic calendar.

We've talked about this since the last.

Well, no, it would have been the first,
in the first week of September, we started

talking about it that, um, their impact
or injection of volatility around these

high impact, medium impact numbers,
they should have a lot of movement.

I should be a lot.

Snappiness real punchy,
uh, reactions and price.

And what that is indicating for us is
that it's running for liquidity or it's

initially knocking one side of the market
out or putting them in on the wrong side.

Uh, we had, uh, we have two equals
in here relatively, um, clean, and we

have these levels down here as well.

I like again, the fact that
we've already swept above here.

W I don't like is that we didn't
come above and hit the bottom of

that range that we created a low one.

This is the only thing that has
me concerned about the trade

that we didn't come back up here
pre or post release at four 30.

So that's why we're saying,
watch this candle here.

We want to see it come down through that.

If we get this, as soon as we get
down below here, if we get it at all,

and there's nothing saying we do, but
if we get below here, we should see

expansion and try to run to these.

Um, these loads down here

and why I'm primarily focused on the
fact that, um, anything above, okay.

Any, any Judas swing higher, uh,
should be sold is because we've had a

consolidation after yesterday's low.

That was outlined in video.

And we still have all this
on filled range in here.

Let me see if I can make this
actually very cumbersome put

in this little box up here.

Let me put it back.

I can not see your comments.

So if you're asking questions or whatever,
while we're doing the live session, I try

to ignore all that because it's a star.

It's a distraction.

It'll take me off my train of
thought and I won't be able to focus.

So again, we have this small
little bit of this liquidity void

that was not closed in yesterday.

We went down just this far, a little
bit more of it, but then we have

all these equal loads in here.

Um,

even if it comes down to just close
in the range and here we have a

little bit of a room for a second.

At the very minimum, uh, reduce the risk.

But I really, I like these lows down
in here and it may take a, I mean, it

may take tomorrow to get into those
levels, but we'll say first we had

to contend with where we entered it.

No worries.

We had this.

This is what I'm outlining.

It's Monday.

Hi, the week so far, Tuesday sell off one
more, run out initially for Wednesday,

and then we should see a continuation to
run for the liquidity below these lows.

Basically a market matter or market
maker, sell model consolidation.

Expansion, uh, cumulation Regina
Alation smart, my reversal, low risk

cell distribution redistribution, and
it should be washing out going lower.

That's the idea problem is we have a
really sloppy, um, price swing in here.

Okay.

It opens up a little bit
more risk than a den.

Typical.

Okay.

And we really didn't see much
reaction at that high high-impact

news release at four 30.

Okay.

I got six minutes left on
the ICT lawn and kills him.

It has to start marking some
daily range for the lower end.

Think about what I showed on or
described on us CAD yesterday.

Um, we have liquidity resting above the
highest here and here it's consolidating.

Okay.

So we're in a consolidation.

Next thing is going to be
expansion and our expectations.

It's going to expand and
reach for the liquidity.

It can come down and hit
this order block down here.

I'd rather didn't, it'd be
better actually, if it didn't,

may I tell you what anybody at
trading your dollar the last couple

of days have to be going crazy.

It's not doing anything.

It's not moving anywhere.

Four minutes left in the session
so far hasn't moved anywhere.

Okay,

this is training folks.

I'm so used to having music jamming.

And I can't do that while
I'm talking to you because.

You obviously won't hear me and I'll
get lost in my music and want to talk.

I'll just be thinking, so this
is an adjustment for me to

actually be talking to your life.

But as I think about things, I'm trying
to remind myself that think out loud.

And again, we're worried about
this down candle right here.

We want to get through at least the
middle of that and try to expand that.

Yeah.

Uh, five o'clock we've
got three minutes left

and why five o'clock in the morning.

So significant is, um, it, it
needs to be able to move in

our favor for the trade idea.

It has to move down that way.

Once it's moved down, it can
settle and then consolidate during.

Uh, London's lunch.

And until around seven o'clock in
the morning, New York time, then

we can, uh, then we will permit
a little bit of retracement.

We do not want to sit in this and wait
for, uh, New York because in New York

we'll still have room to expand and
then have a micro reversal profile.

And then it's just too much risk to
sit in for that, especially during the,

the doldrum time of 5:00 AM to 7:00 AM.

So when I'm talking time,
it's all relative to you.

For all the news that was slated
for four 30, it's been 29 minutes.

No real movement.

Uh, we're still above the opening
at midnight, New York, still some

exposure range above us in here
in the form of 1 30, 2 42, and

a bare shoulder block up here.

And we still have not broken
down through the last Dan candle.

So that has to, that has to happen
obviously to give us a confirmation that

we have something that warrants holding

time and price would have been better
for it to have already expanded.

And seek the liquidity below, at
least down to the loyalty here.

And it's not, it's not done that yet.

And it's 5:00 AM officially
right now in New York.

I do have one more minute.

And what this is showing us
that it's a timestamp, basically

not just a price start.

So I'm giving the price time to indicate
it wants to do when I'm positioned for.

I could have stayed in bed today for real.

I'm that tired?

Okay.

So we're almost at the
middle of that down candle.

We're now at it needs to get through it.

We do that.

We can lower the stuff down.

Okay.

As we're not jamming it down.

Okay.

We're just going to lower it a little
bit, but it has to close below the

middle of the down candle in here
and there only eyeball on mother.

Not want to get below these lows.

Preferably if it expands through
this, we want to see speed.

We want to see speed on the downside.

In other words, we want to see
it reach aggressively for this.

We don't want to see it.

Just come down here and just
hit this older block here,

which is the down candle.

We don't want to see a
response there at all.

We don't want to see any slowing down.

We don't want a speed bump, nothing.

We want to go on this
gun right through that.

I think the Queen's watching me today.

Yeah.

You guys get started in training.

You think that, uh, by looking at
old data and I'll chart an examples,

people show for this is where we
buy, and this is where we sell.

You never get the appreciation
of the time being in those trees.

It's so easy to see past price swings,
regardless of what timeframe you're in.

And you look at them and you're like,
okay, this is what I want to do.

I want to quit my job
and I want to do this.

And then when you actually get in there
and you actually start taking the trades

or actually try to implement the things
that you're learning, then you're suddenly

like, man, this has taken forever.

It doesn't need, you don't
appreciate the time that's necessary

for the price moves to pan out.

And that was one of the things that
drove me crazy as a new trader, because

I would see all these supposed price
patterns, classic price patterns.

And then I cut my teeth on the market
in a commodity market with Ken Roberts.

And the only thing he taught was just
basically classic chart patterns.

Right.

So we don't want to see
any, uh, speed bump in here.

We want to get right
through this order block.

Bearish candle.

We want to see no willingness
to want to go higher here.

Wouldn't do the rates are what
that's, what we're aiming for.

Stop is lower to 30 to 35.

It will remain there until
seven 30, New York time.

And then we'll adjust
if it's necessary, then.

Or if it has a nice stop, the
sound it's still possible.

It's not a winning trade and it's not
a riskless trade until it's closed.

So what I was saying earlier was
that, uh, the, the idea of when you

get into a trade and you're new.

The time element that's necessary.

And you have to submit to that
whole process of waiting for price

to move around the uncertainty of
it all while you're watching it.

Yeah.

It's just nausea eating as a
nutrient Tressie because you're

already a hundred miles an hour.

Know you, you want to go zero to 60 in
two seconds and get to your profit target

and then be done for the day, hit the
forums and the, you know, to Twitter and

high five and everybody, this is great.

He said the life.

But this is what it's like.

A lot of times you you're hurrying
up and waiting and it's just for

a nutrient it's, it's very hard.

And especially for a mentor,
someone that explains this stuff,

um, it's hard to communicate.

It's really hard to overcome that,
especially in a live session like this,

because about two thirds of you are all
asking me questions as it's happening.

And you're worried about
the things that are least.

And it's distracting to me because I know
what I should be focused primarily on.

And I get it.

I know what it feels like to be where
right where you're at, but if you're

here, you've paid here, you paid
the easier to learn from somebody

that's been doing it longer than you.

So, and I mean, that's with utmost
respect when we're in live sessions,

this is the time to be quiet.

Don't ask questions right now, because
I already know what to talk about.

Amar.

I'm already going to know what
to refer to while we're talking

about the specific price action.

And they're the only things that salient
for that particular setup or that

particular condition, everything after, or
post-trade, that's where we can get into

great detail about why this was important.

Why this wasn't so important.

If you're focusing on all the wrong
things during the market move, you

won't have the focus as necessary to
pick up on when the trade's no longer.

Good.

So that's why I ignore you.

All right.

So we are real close
to these lows in here.

So you want to see expansion through that
and then really run for the low yeah.

You're seeing the effects of why
we allow a little bit of a breach

of the middle of the candle.

That's permitted.

Initially it looks scary.

It looks a good year.

All kinds of reasons to get anxious,
especially when you're in a trade.

You don't want to see that type of thing
happen, but you've got to get used to it.

Because it's going to
happen a lot in your trades.

It's going to come back and
recapitalize and in the older

block, and that's what you see here.

And then we've had expansion so far.

I would have rather had done this much
of a movement before 5:00 AM, because

now as we're entering in London lunch,
it may just come down here and take the

lows out and then there'll be a pot.

Uh, Um, we'll see what, let
me just see what it is before

we say any more about it.

Okay.

Yeah.

Yeah.

I take half off at 21 pips and leave the
rest with the staff exposed as it is.

Okay.

So this took a half the position
off the remaining portion of

the stop will stay as it is.

One way to let the, let price
do what it wants to do now.

W we're we're properly positioned
for a down close for today.

Uh, we're really
handsomely placed for that.

Um, if it comes back up and
hits the stuff, we don't want

to be in the market anyway.

Okay.

Uh, the reason why it took half
off there is because number one,

we've had a lethargic price action
so far this morning, we have not

shown any strong, willingness
to, uh, to move lower or higher.

On the heels of a high impact news event.

Um, it's good to get paid
something for our time.

It's not necessarily necessary.

It's not something you force all
the time, but given the conditions

this morning, um, I felt it was
warranted to take at least half off.

So now the risk is extremely light in
terms of, uh, what we're exposed to.

Um, it's only a hundred dollars.

In here.

So basically it's not
much in terms of a risk.

I think probably even

I'm not mistaken.

I think it's even, actually, if
we get stopped, we'll actually

be at one pit for the day.

So I'm okay with that.

So I'm going to close this
one here and give you all.

Opportunity to worry about the rest of
the day and baptize you in the anxiety.

And we'll see what we get
going into to New York session.

Again, we don't want to see
it, do these types of things.

That's the reason why we took half
the profit off it should have expanded

and ran through aggressively for these
stops at the minimum and overcome this

down candle, which is a Boulevard.

So, uh, because it didn't do that.

That's the reason why I took a 20
pips off where I did in a perfect

world in a better condition.

And we had all the indications this
morning to outline what would be

an explosive move to run lower.

Um, we didn't get it.

We didn't see it.

So the reason why I talked to 'em
half off here is because these equals.

We could have came down now to clear
those out and then expanded the

upside and it hit this over block,
or you go even higher and be able

to be completely wrong on the day.

It's not about being right.

It's about being profitable or
preserving your, uh, your equity.

So that's what we exercised
here this morning.

Uh, the position is still
held stop still at 32 35.

Profit objectives still down at 1 30, 64.

If we get expansion, it doesn't
look like it's going to be having

so much right now, but we'll see
anything had happened now, but we're

in the London, uh, lunchtime period.

We're getting ready to go into, uh, a
quiet portion of the morning and I'm

going to try to get some sleep folks.

So I will check back
in here around 7:00 AM.

Uh, just check me on time.

Anything that hates C or any
updates with this open position?

We'll manage that through Twitter.

Let me capture all your questions
that you've asked on a log,

and then I will bid you adieu.

Okay.