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Hello folks did a recording
earlier life session.
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And I started a point I was wanting
to make in regards to why I covered.
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Okay.
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On the pound dollars, uh,
short, uh, real quick.
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Let me take a couple of minutes
and slow down because there's a
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thousand things being asked of
me during the live presentation.
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And it was a little rushed because
I had to get my son to school.
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And in fact, he ended
up going to school late.
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So, um, I'm in the woodshed with
my wife and I, as I should be.
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So I have to be a little bit
more, um, mindful of my time.
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I made an error as a parent this morning.
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So.
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Now that I have a little bit more time.
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Let me explain to you with greater
detail, why I chose the levels
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at which I covered the position.
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Obviously we have the big move yesterday
that took place on pound dollar.
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We mentioned on recent teachings
in live sessions that on the
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pound, on a daily chart, we had
identified two areas at which the
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liquidity pools will be residing.
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Those were these particular lows.
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Now, once this loan was taken out,
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what's this.
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Here.
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There's literally nothing else
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at all in the form of
support, nothing nearby.
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Okay.
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So there's was a big abyss below this low.
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Okay.
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So if we know.
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That the market obviously
was, it was in free fall.
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They had nothing to find support at.
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So the central bank had its best disposal.
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It's the luxury of this
pricing extremely low.
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So anyone that would have been
buying this as an old law.
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And finding support, supposedly even if
they allowed this little breach below
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it, and there are some folks out there
that actually even emailed me saying that
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they were trying to do that very thing,
which I don't teach that we weren't
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talking about this being a bullish market.
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In fact, we said this was
a very bearish market.
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So when this law was violated yesterday,
we had a complete wash out of all these.
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Price levels.
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And it was very poorly and efficiently
traded in the live presentation today.
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I showed a one minute chart and
I did this only to illustrate
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what a liquidity void looks like.
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It looks like this, the market
was on this candle here, it
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opens and trades down here.
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Move the next price move is here
at reprices all way down here.
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So what's the, what what's going
on between the close here at 1 23
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99 to 1 21 86, 1 23 99 to 1 21 86.
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That's over 200 pips.
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In one repricing from the moment it
closed this candle and reopened this
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one instantaneously we're over 200
pips, different central bank repricing.
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It's not that that's a lack of liquidity.
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It's when the market is able
to jump down to these levels.
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What made it fundamentally
significant down here?
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I've got to go through my long-term
charts and be able to pull it
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up through the futures market.
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Okay.
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And give me some justification
as to why it went down here.
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For now, I don't have
any reasons to give you.
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And I probably should have did this
before the video, but it is what it is.
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So just accept it, just know
that I'll do my best to find out
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what down what's down here at.
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It led them to draw price that low
and why it should have stopped there.
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Not that we could have expected
that nobody could have expected it.
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The only thing we'd said that
this market wasn't right.
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Do do.
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Okay.
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And, uh, it didn't have
any support underneath us.
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So, but the gap between these in
here in this big rundown, this is
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what a liquidity void is, where
there's gaps in between pricing.
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The same things occurring on all
the quick runs, higher and lower.
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And we draw a little box over
this area and we expect price
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to come up and draw into it.
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Now I didn't expect this to full, fully
fill in right away, but I did expect this
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portion of the move to get closed in.
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And if you go into empty four,
you can see after the void has
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closed, I cleared these two highs.
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I one of the settlement market trade,
just a little bit more against me.
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Then I had to sit through all this
congestion and all the way over here.
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That's where I collapsed the
trade at rate at the low.
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Okay.
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In prices now.
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Over here, this, watch it tick
around and to see it's live.
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Okay.
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It's all happening right now.
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And there was the, the club, the club,
the cover, the other exit was right here.
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That's a, the first profit here,
because I'm going to show you.
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There's no guarantee that
they was gonna hit my level.
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Now, why was this level?
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My level down here to cover.
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Let's go out to a 15 minute timeframe.
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And zoom back in now, I want you to
look at the buyers of the candle.
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Now, again, we in this mentorship, I
want you to understand that the wicks are
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always going to be reaching for liquidity,
but the bulk of the volume is where you
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want to focus your attention at just
like the bodies of the candles up here.
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You want to focus your attention there.
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If you take your fib and
there's no magic in this.
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Okay.
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It's just, I'm using it for
discount and premium purposes.
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Bodies low up to this body's
height, um, identifying that
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range here and measuring it.
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Okay.
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I accept the fact that these
wicks are going to be the
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least in terms of significant.
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The only reason why it would be
significant is if my stop was down
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here, that's what insignificant,
but for analysis, I'm focusing
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primarily on the bodies of the candle.
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So I'm drawing my fib up from the
body's low, the lowest of the two
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here up to the bodies of the candle.
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Okay.
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My belief was, I didn't believe that
it was gonna come all up and close
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that in there, because if they're
going to slam it down, they already
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have people up here that was long.
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So they're not, they're not
going to give them a chance to
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get back out of that position.
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Just a couple of hours later,
you know, um, they didn't really,
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that's not likely to happen.
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So if they're going to punish them and
keep them on the other side of that
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market wrong, offside, my expectations.
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I'm going to focus on the fact
that this is the range that
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we're probably going to stay.
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Okay.
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And keeping that I had this
objective to touch the 70 minutes
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of tracing a little right there.
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That's the, that the deepest I
could get, um, my expectations
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on seeing price go lower.
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That price level comes in at 1 22 31 can.
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Again, my cover, my cover was 1 22
35, so it was only four pips away
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from the actual level and the low.
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Is 1 20, 2 30 and I was only five
pips away from it, or essentially
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the spread plus two pips.
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So, um, Not a bad little example
of, uh, identifying where to cover.
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Um, and the other one is
at the 62% change in level.
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I wanted to cover at
that price point as well.
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There's no guarantee that
we're going to get that.
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So I took first profit there and then you
limit what are allowed to get the rest
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of the portion off in the middle of one
standard lot, half the position off and
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in final position taken off at target.
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And that's that.
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So that's the reason why I chose that.
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And I didn't get a chance to see that
in the live presentation this morning.
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So I apologize for my.
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Uh, inability to focus.
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Uh, so with a demo account, hooked
up to my effects book, uh, the
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balance is now $7,172 and 84 cents.
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Almost 44% return.
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In short time.
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00:09:15,944 --> 00:09:19,084
So, uh, no, it's not what
you should be expecting.
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00:09:19,115 --> 00:09:22,775
No, you should not be expecting to
learn how to do this in six months.
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00:09:23,584 --> 00:09:27,005
Um, been doing it for awhile, just letting
you know that, you know, what's available
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in terms of your long-term goals and
you don't need a whole lot of setups.
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This is only really done over the
course of 1, 2, 3, 3 trades, but.
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With partial profits.
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That's what it looks like.
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It's six trades, but it's only
three trades, but 44% return.
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So not bad.
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I'm going to close this and
wish you all very good weekend.
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Again, reminding you that I have folks
that are in the rears with me and I'm
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giving them the ability to get caught
up much more lenient than I said
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I was going to be, but this is the
last month I'm going to be lenient.
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So you must have your payments on time
to me on the first of every month,
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beginning, November 1st, um, all
the content for this month, I will
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00:10:07,665 --> 00:10:10,095
share with you a teaching series.
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Uh, titles and all that business for
this month, there'll be on the forum.
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And I'll give you the dates when
these particular teaching will be
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delivered to you so that we can have a
timeline on when to expect what, okay.
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00:10:23,790 --> 00:10:25,770
So at that, what's your
good luck and good trading.
13988
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