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These are the user uploaded subtitles that are being translated: 1 00:00:03,630 --> 00:00:04,440 Welcome folks. 2 00:00:04,830 --> 00:00:06,420 This is the market review. 3 00:00:06,420 --> 00:00:09,810 And look ahead for October 9th, 2016, 4 00:00:13,640 --> 00:00:15,740 and we're going to be looking at the, 5 00:00:21,510 --> 00:00:23,490 the market as it was last week. 6 00:00:25,575 --> 00:00:29,355 And we're going to go quickly through it, and we're not trying to cover everything. 7 00:00:29,355 --> 00:00:31,155 Cause obviously that's part of your study. 8 00:00:31,905 --> 00:00:36,795 We're going to be referring things that we saw last week, day by day, throughout 9 00:00:36,795 --> 00:00:44,505 the week, going forward now tomorrow, uh, we'll have a panelist on as well. 10 00:00:44,715 --> 00:00:47,625 Um, he had some observations even to share with the community. 11 00:00:47,835 --> 00:00:51,005 Um, so we'll have a small portion of time allocated to that. 12 00:00:51,885 --> 00:00:53,355 Towards the end of the New York session. 13 00:00:54,235 --> 00:00:57,315 I'll give you more information about that through Twitter, but 14 00:00:57,315 --> 00:01:00,075 let's go over and take a look at the 15 00:01:03,125 --> 00:01:04,414 price action from last week. 16 00:01:16,714 --> 00:01:16,895 Okay. 17 00:01:16,895 --> 00:01:18,155 We're looking at the dollar index. 18 00:01:18,155 --> 00:01:23,764 This is a daily chart, and we were referring to this candle here, 19 00:01:23,764 --> 00:01:24,964 which is a bullish order block. 20 00:01:25,235 --> 00:01:27,304 I'm sorry, bullish candle, which is a bearish order block. 21 00:01:27,304 --> 00:01:31,054 In other words, smart money sells into these up rallies and whenever 22 00:01:31,054 --> 00:01:32,945 prices reaching up into that level. 23 00:01:32,945 --> 00:01:34,774 Now we hadn't been all through here. 24 00:01:34,835 --> 00:01:37,744 We had not been back up to that level until last year. 25 00:01:38,835 --> 00:01:40,485 These were our targets on the upside. 26 00:01:40,485 --> 00:01:44,414 And we said, if we saw movement through this level, notice the bodies didn't 27 00:01:44,414 --> 00:01:50,145 close through there and just penetrated both times on Friday and on Thursday, the 28 00:01:50,145 --> 00:01:54,645 next objective would be to reach above the high seen here and in the challenge, 29 00:01:54,945 --> 00:01:56,925 these relative equal highs as well. 30 00:01:57,375 --> 00:02:00,765 So I don't think we're done with the dollar so far, um, right now, unless 31 00:02:00,765 --> 00:02:03,884 we really break down and I'm gonna give you indications of what that would mean. 32 00:02:06,369 --> 00:02:14,470 If we saw a movement on dollar that takes us below this consolidation. 33 00:02:14,470 --> 00:02:17,769 In other words, if we lose the equilibrium of this range in 34 00:02:17,769 --> 00:02:19,780 here, then the market's going up. 35 00:02:20,880 --> 00:02:22,170 Obviously lower for the dollar. 36 00:02:22,710 --> 00:02:23,640 I don't see it here. 37 00:02:23,730 --> 00:02:24,600 I just don't see it. 38 00:02:24,870 --> 00:02:28,290 Um, obviously the price can do what it wants to do and then I'll have to adjust 39 00:02:28,290 --> 00:02:30,090 and, and get myself in sync with it. 40 00:02:30,090 --> 00:02:34,530 But right now it just, to me, it looks like it wants to go higher still. 41 00:02:35,340 --> 00:02:39,720 It's hard to fight that longterm, uh, dollar bull, um, we're really in tight 42 00:02:39,810 --> 00:02:45,360 on the daily chart, but if you zoom out, we're in just a long-term consolidation 43 00:02:45,360 --> 00:02:47,550 of a primary uptrend on the time. 44 00:02:48,495 --> 00:02:51,735 So we could see, ultimately what I'm looking for is I want to see us 45 00:02:51,765 --> 00:02:55,875 challenge this old high back here and that's back in, what is it? 46 00:02:58,905 --> 00:03:02,715 I'm not sure if I can zoom in without messing up the chart too much. 47 00:03:06,525 --> 00:03:10,275 I comes in at a dollar point 53. 48 00:03:11,415 --> 00:03:13,565 So we're looking to get back into the. 49 00:03:14,535 --> 00:03:17,535 In the triple digits again, I still holding on to one or 50 00:03:17,535 --> 00:03:20,595 2, 1, 2, 5, 1 0 7 and a half. 51 00:03:20,625 --> 00:03:24,525 If we get capitulation and again, the elections in the U 52 00:03:24,525 --> 00:03:25,965 S have a lot to do with that. 53 00:03:29,435 --> 00:03:34,505 Last week we saw price make it low the week or Monday. 54 00:03:34,715 --> 00:03:39,454 And we, the week before we were looking for potential low forming on the dollar, 55 00:03:39,785 --> 00:03:43,984 and I used the dollar CAD to the frame, that idea down in here, and I said, we 56 00:03:43,984 --> 00:03:45,454 will be reaching for these equal highs. 57 00:03:45,875 --> 00:03:50,734 And then ultimately we'll be aiming for the middle of that bear shorter block. 58 00:03:51,515 --> 00:03:54,605 If we get through the low end of it, we saw both. 59 00:03:55,440 --> 00:03:56,070 Occurrence. 60 00:03:56,220 --> 00:03:59,160 So a really nice to see that unfold. 61 00:03:59,280 --> 00:04:03,300 Again, part of the mentorship in the beginning first couple of months are just 62 00:04:03,300 --> 00:04:06,570 to eliminate this fear of missing moves. 63 00:04:07,830 --> 00:04:11,040 Don't be tied up with looking at the marketplace in terms of 64 00:04:11,040 --> 00:04:13,350 me teaching the concepts and thinking you're missing moves. 65 00:04:13,350 --> 00:04:13,920 You're missing news. 66 00:04:13,920 --> 00:04:17,700 There's always plenty of opportunities to trade, but we still one more time 67 00:04:17,940 --> 00:04:21,870 where institutional order flow and a daily chart drove price higher every day. 68 00:04:22,724 --> 00:04:24,195 Even in non-farm payroll. 69 00:04:24,674 --> 00:04:25,005 Okay. 70 00:04:25,065 --> 00:04:29,594 Price was still sensitive to relative liquidity points on the 71 00:04:29,594 --> 00:04:31,065 daily timeframe and four hours. 72 00:04:31,875 --> 00:04:33,075 And that's why you're seeing a bounce right there. 73 00:04:33,075 --> 00:04:35,685 And I'll leave that little study for you on your own. 74 00:04:38,805 --> 00:04:40,395 The fact that we left these highs in here. 75 00:04:40,425 --> 00:04:41,055 I like that. 76 00:04:41,385 --> 00:04:46,155 Um, I was looking for a return back into 97 30 after the non-farm 77 00:04:46,155 --> 00:04:47,295 payroll numbers were released. 78 00:04:47,325 --> 00:04:48,135 Uh, we didn't get that. 79 00:04:48,585 --> 00:04:52,095 Uh, I really started getting excited about it when we talk about dollar CAD 80 00:04:52,335 --> 00:04:57,555 in a couple of minutes, because it gave us one more set up that we could study. 81 00:04:59,325 --> 00:05:06,150 I think ultimately if we come down and we hit this down campus, Right in 82 00:05:06,150 --> 00:05:08,729 here, this should be a sensitive area. 83 00:05:10,349 --> 00:05:12,900 And that open comes in at 96 33. 84 00:05:12,900 --> 00:05:15,690 So we could be looking for movement down the initially 85 00:05:15,690 --> 00:05:16,650 in the beginning of the week. 86 00:05:16,830 --> 00:05:17,849 Uh today's Sunday. 87 00:05:17,849 --> 00:05:22,770 So if we see the open around 96 30, uh, he can go down to 96 20. 88 00:05:24,000 --> 00:05:28,799 Um, that would be a violation of this order block here, but we have this 89 00:05:29,400 --> 00:05:30,840 right here, these two down cases. 90 00:05:32,354 --> 00:05:32,594 Okay. 91 00:05:32,594 --> 00:05:34,304 That was a very nice retracement. 92 00:05:34,304 --> 00:05:37,815 That was the one I framed the, uh, long, long, last week as well. 93 00:05:38,294 --> 00:05:39,945 So we can come back down into that. 94 00:05:40,005 --> 00:05:41,445 I'd rather see it not do that. 95 00:05:41,445 --> 00:05:46,664 I'd like to see it maintain its bullishness above this down swing here. 96 00:05:47,234 --> 00:05:47,414 Okay. 97 00:05:47,414 --> 00:05:51,224 So you would primarily had your level to watch. 98 00:05:52,905 --> 00:05:55,335 Now again, just because it goes below these levels, it doesn't 99 00:05:55,335 --> 00:05:56,985 mean it negates the bullishness. 100 00:05:57,165 --> 00:06:00,015 It just puts you on the sidelines and makes you wait for a little while. 101 00:06:00,255 --> 00:06:00,615 Okay. 102 00:06:00,945 --> 00:06:06,195 So while we can still see a movement below this level, it can come back above 103 00:06:06,195 --> 00:06:07,995 it and then recapitalize and go higher. 104 00:06:08,265 --> 00:06:08,475 Okay. 105 00:06:08,475 --> 00:06:13,575 All we're doing is setting up immediate response levels where we expect to see 106 00:06:13,575 --> 00:06:15,465 or anticipate certain things to unfold. 107 00:06:16,125 --> 00:06:19,095 Um, in an ideal world, we don't want to see this price level give up. 108 00:06:19,635 --> 00:06:20,025 Okay. 109 00:06:21,419 --> 00:06:23,250 In fact, we don't even want to say good down there at all. 110 00:06:23,489 --> 00:06:25,739 The better a senior would be to never see it. 111 00:06:25,739 --> 00:06:27,809 Come down here just to run up here. 112 00:06:27,809 --> 00:06:31,530 But the fact that we got down below these bodies as a candles, we would have to 113 00:06:31,530 --> 00:06:36,570 see immediately today's open, gapping up, close the gap, and then run higher. 114 00:06:36,630 --> 00:06:39,989 That would be a wonderful scenario to see the continuation, the upside for them. 115 00:06:41,640 --> 00:06:44,760 But if it does open lower, uh, and we get down below this level, 116 00:06:45,000 --> 00:06:46,830 we were at a monitor and see if we want to get back above it. 117 00:06:47,220 --> 00:06:47,400 Okay. 118 00:06:47,400 --> 00:06:53,190 So it's, it's, it's important that we see that, uh, long-term not long-term, but, 119 00:06:53,270 --> 00:06:57,180 uh, a little bigger consolidation here. 120 00:06:57,180 --> 00:06:59,120 We want to make sure that we don't lose the middle. 121 00:07:00,180 --> 00:07:04,380 That high here and that low here run your field across that extended in time. 122 00:07:04,380 --> 00:07:07,710 That'll, that'll give you your equilibrium price point for this consolidation. 123 00:07:07,710 --> 00:07:12,240 So institutional pricing, they may get some fair value, um, to come back 124 00:07:12,240 --> 00:07:14,280 down and capitalize some more buying. 125 00:07:14,610 --> 00:07:18,750 If we lose this, that's not good at all near term bullishness. 126 00:07:18,780 --> 00:07:22,140 We could be, we could be if I'm wrong, this could have been capitulation. 127 00:07:22,590 --> 00:07:22,860 Okay. 128 00:07:22,860 --> 00:07:24,990 So we'll talk a little bit about that when we get into cable, 129 00:07:25,710 --> 00:07:26,730 uh, moving over to Europe. 130 00:07:28,380 --> 00:07:30,030 Uh, we called this one higher last week. 131 00:07:30,090 --> 00:07:33,330 Uh, we were looking for continuation in the week before we were looking 132 00:07:33,330 --> 00:07:36,180 for a run through this old high. 133 00:07:36,270 --> 00:07:37,800 Obviously it looks like it did that. 134 00:07:38,220 --> 00:07:42,030 So we had some, uh, really nice advancements on the outside again, 135 00:07:42,480 --> 00:07:44,700 because the market is bullish primarily. 136 00:07:45,120 --> 00:07:45,390 Okay. 137 00:07:45,390 --> 00:07:50,070 Euro has been a longterm bullish market, resist the temptation 138 00:07:50,550 --> 00:07:51,720 to try to pick the top. 139 00:07:52,320 --> 00:07:54,720 So many times folks have been trying to pick the top on 140 00:07:54,720 --> 00:07:56,610 this market every single time. 141 00:07:57,465 --> 00:07:59,085 They've had their rear end handed to him. 142 00:07:59,325 --> 00:08:01,335 So you don't, you don't want to fall in love with no steps. 143 00:08:01,335 --> 00:08:04,605 I've done it a lot in my earlier career where I was trying to do that. 144 00:08:04,605 --> 00:08:05,865 And you don't want to do that at all. 145 00:08:06,315 --> 00:08:10,335 The easiest way to trade is getting in sync with these long-term trends. 146 00:08:10,335 --> 00:08:15,585 So if we know what the long-term trend is indicating, all we're going to do is 147 00:08:15,585 --> 00:08:17,595 look for evidence is to support that idea. 148 00:08:18,255 --> 00:08:19,305 And here's the wonderful thing. 149 00:08:19,635 --> 00:08:22,815 If you are looking at long-term trends like this, and we're calling them. 150 00:08:23,880 --> 00:08:24,750 Off the daily chart. 151 00:08:24,900 --> 00:08:25,229 Okay. 152 00:08:25,229 --> 00:08:30,239 So you're seeing that expansion, these big moves, most of the money's being 153 00:08:30,239 --> 00:08:32,549 made trading in these directions. 154 00:08:33,179 --> 00:08:39,839 So when you look at the ranges, notice how all the small moves really occur when it's 155 00:08:39,839 --> 00:08:45,000 the downloads, but then you have these big accelerated, excited ranges higher because 156 00:08:45,000 --> 00:08:47,770 that's where all of the expansions being. 157 00:08:48,810 --> 00:08:51,720 The reason why the most money is being made on the upside, because 158 00:08:52,050 --> 00:08:55,470 this market's been accumulated heavily on an institutional basis. 159 00:08:56,430 --> 00:08:59,760 The reason why it's been going up is because cable's been weak, British 160 00:08:59,760 --> 00:09:03,690 pound USD has been weak and Euro dollar has been held in a range. 161 00:09:03,960 --> 00:09:07,770 And we'll talk about that Mo marketing in a minute, but for now, look at the 162 00:09:08,100 --> 00:09:11,100 last week's price action for Europe. 163 00:09:13,189 --> 00:09:15,439 All one side, it flows every single day of the week. 164 00:09:15,439 --> 00:09:16,250 It's been an update. 165 00:09:16,760 --> 00:09:20,630 Um, Friday we had a nice little, uh, knee jerk reaction as 166 00:09:20,630 --> 00:09:23,300 well for a non-farm payroll. 167 00:09:23,540 --> 00:09:28,969 We saw an explosive move here on what they're calling to flash crash and cable. 168 00:09:29,530 --> 00:09:31,760 I gave a video presentation. 169 00:09:33,820 --> 00:09:36,880 Given you the indications of why Kate will reach down as far as it did. 170 00:09:37,420 --> 00:09:38,830 And I'm gonna talk a little bit about cable six. 171 00:09:38,850 --> 00:09:40,420 I've been looking all this morning. 172 00:09:40,420 --> 00:09:43,330 And last night I was looking through my videos, scrubbing through them, trying to 173 00:09:43,330 --> 00:09:48,160 find where I gave the potential scenario, where we could see a pound dollar. 174 00:09:48,160 --> 00:09:50,320 And I know I did this, I just can't for the life of me. 175 00:09:50,320 --> 00:09:54,220 Can't recall which video I did it in, but, uh, it may have been right before 176 00:09:54,220 --> 00:09:57,340 the mentor ship started and I might have to go through my YouTube videos as well. 177 00:09:58,170 --> 00:10:01,380 I know I have this in video and if you all download my videos 178 00:10:01,380 --> 00:10:04,620 and have done that before, it will be in your archives as well. 179 00:10:04,620 --> 00:10:07,440 So it's not like I'm going to create something out of thin air. 180 00:10:07,710 --> 00:10:10,740 I know I've talked about the thing I'm going to specifically refer to as it 181 00:10:10,740 --> 00:10:17,910 relates to cable, but cable being so weak relative across all the currency 182 00:10:17,910 --> 00:10:19,530 pairs, that was the six sister. 183 00:10:19,800 --> 00:10:22,530 That was the one that only focus on being short on it. 184 00:10:23,370 --> 00:10:27,030 If that's the case and fiber, which is your USD has been held in a 185 00:10:27,030 --> 00:10:30,540 consolidation, not permitted to trade higher, not permitted to trade lower. 186 00:10:31,380 --> 00:10:33,060 That's what gives this pear. 187 00:10:33,090 --> 00:10:35,640 Europan a lot of freedom to move up aggressively. 188 00:10:36,270 --> 00:10:40,880 And obviously you seen now here, um, Thursday, we had that really wild run. 189 00:10:42,585 --> 00:10:47,115 Again, as much as I want to say that this could potentially be capitulation. 190 00:10:47,115 --> 00:10:50,205 I means a capitulation is probably like the last bit of the move. 191 00:10:50,745 --> 00:10:56,025 Um, my gut tells me to be on a, on a lookout for that this may have been 192 00:10:56,025 --> 00:10:59,535 pricing in, uh, an intermediate term high, and we may need to consolidate or 193 00:10:59,745 --> 00:11:02,235 retrace a little bit in an ideal world. 194 00:11:02,775 --> 00:11:06,105 It doesn't have to, it can just be pausing right here and then we'll 195 00:11:06,105 --> 00:11:07,695 resume go right on through this high. 196 00:11:07,935 --> 00:11:08,295 Okay. 197 00:11:09,450 --> 00:11:15,240 Great deal of liquidity void here, lots of unanswered price levels in 198 00:11:15,240 --> 00:11:17,610 terms of offering delivery there. 199 00:11:17,880 --> 00:11:22,620 So we didn't have much of in way of a price being allowed 200 00:11:23,160 --> 00:11:24,240 to trade at those levels. 201 00:11:24,270 --> 00:11:29,580 It was like 1, 2, 3, boom, it's over, you know, and there's going to probably, 202 00:11:29,580 --> 00:11:35,190 if not just getting back up to the high here, then that may be what it's needed. 203 00:11:35,985 --> 00:11:39,255 To make the high, if it does form a, I'm just not in the business 204 00:11:39,255 --> 00:11:41,805 of trying to pick tops and bottoms and long-term primary trends. 205 00:11:42,225 --> 00:11:43,905 It doesn't, no, it doesn't never work for me. 206 00:11:44,085 --> 00:11:44,355 Okay. 207 00:11:44,355 --> 00:11:46,485 And if somebody out there that takes my information and 208 00:11:46,485 --> 00:11:47,565 learns how to do it, great. 209 00:11:47,565 --> 00:11:50,385 Make a video, teach me, but for now try to avoid it. 210 00:11:50,685 --> 00:11:51,105 Okay. 211 00:11:51,315 --> 00:11:53,595 It's easy to make money trading in these primary trends. 212 00:11:55,635 --> 00:11:58,155 Uh, your dollar, uh, look at what we got here. 213 00:11:58,605 --> 00:12:00,255 This is interesting because we've seen. 214 00:12:03,440 --> 00:12:05,600 This market stay in a really tight range. 215 00:12:05,600 --> 00:12:08,000 It's not being permitted to move anywhere. 216 00:12:08,450 --> 00:12:08,900 Okay. 217 00:12:08,930 --> 00:12:13,490 And this is the reason why I've been avoiding Eurodollar, because I 218 00:12:13,490 --> 00:12:16,790 know that they're manipulating this currency pair above all of them. 219 00:12:17,450 --> 00:12:19,550 Now it's not going to stay like this folks. 220 00:12:19,730 --> 00:12:21,170 It's not going to stay like this at all. 221 00:12:22,040 --> 00:12:26,840 I think what's happening is, um, we're going to see that domino effect with 222 00:12:26,870 --> 00:12:29,300 DOR Shabak and when Dorsha bank finally. 223 00:12:30,165 --> 00:12:32,535 You know, it's, it can't hide it anymore. 224 00:12:32,565 --> 00:12:33,885 It's in so much trouble. 225 00:12:34,215 --> 00:12:39,795 Um, when that thing finally, it's, you know, the rock bottom, uh, 226 00:12:39,825 --> 00:12:41,595 Euro dollar is going to go crazy. 227 00:12:41,775 --> 00:12:42,195 Okay. 228 00:12:42,225 --> 00:12:43,455 And here's the wonderful thing. 229 00:12:43,935 --> 00:12:46,635 Um, as a human being, I don't know what direction that's going to be. 230 00:12:47,055 --> 00:12:47,415 Okay. 231 00:12:47,445 --> 00:12:47,885 It could be. 232 00:12:48,675 --> 00:12:53,355 Completely different from what I would expect to say or see in the marketplace. 233 00:12:53,355 --> 00:12:57,375 So I'm waiting to see what it wants to do, and it needs to come out of 234 00:12:57,375 --> 00:12:59,295 this range before I indicate that. 235 00:12:59,295 --> 00:13:03,735 Now, what is nice is it looks like it's violated these two laws, 236 00:13:03,735 --> 00:13:04,905 which we talked about last week. 237 00:13:04,905 --> 00:13:07,695 It did that, and it came back aggressively through here. 238 00:13:08,145 --> 00:13:09,735 Now we're back in the middle of consolidation again. 239 00:13:10,185 --> 00:13:11,385 So it really nothing's changed. 240 00:13:11,685 --> 00:13:15,195 You know, we've had this little up move here with a long wick. 241 00:13:15,645 --> 00:13:16,895 All that's been traded back in. 242 00:13:17,715 --> 00:13:22,575 But Le how many times is this small little range between this open of this up candle? 243 00:13:22,605 --> 00:13:23,235 And it's low? 244 00:13:23,445 --> 00:13:24,915 How many times have we passed through here? 245 00:13:25,305 --> 00:13:26,205 We did it here. 246 00:13:27,015 --> 00:13:27,855 We did it here. 247 00:13:28,395 --> 00:13:30,405 We did it here and we did it here. 248 00:13:30,585 --> 00:13:34,545 So my understanding, looking at price, it looks like they just came down below 249 00:13:34,545 --> 00:13:38,415 these lows, all these lows, this one here, this one here, this one here and below. 250 00:13:38,415 --> 00:13:39,825 Those loads they'd be cell stops. 251 00:13:40,215 --> 00:13:43,495 So if they went down there and gathered up the cell stops to me, my understanding is 252 00:13:43,495 --> 00:13:44,835 as they probably want to take this thing. 253 00:13:45,795 --> 00:13:49,875 Which is where we've been looking for back here, above these highs, 254 00:13:50,175 --> 00:13:51,525 looking for the one fourteens. 255 00:13:51,765 --> 00:13:56,535 And that may be what unfolds going into the next week and a half, two weeks. 256 00:13:56,715 --> 00:13:57,795 That's what I'm expecting. 257 00:13:58,305 --> 00:14:02,265 Um, it's been permitted to stay in a range, allowing the cable to 258 00:14:02,265 --> 00:14:04,125 drop sending the European higher. 259 00:14:04,515 --> 00:14:08,505 Um, if you're a pound goes into consolidation or retraces, uh, that 260 00:14:08,505 --> 00:14:12,375 may be a little bit, uh, you know, harder for this pair to get up there. 261 00:14:13,650 --> 00:14:19,350 Unless cable needs to, uh, you know, submit itself, you know, 262 00:14:19,350 --> 00:14:20,790 and, and settle down a lot. 263 00:14:21,150 --> 00:14:23,970 And then a pound could have a little bit more influence and 264 00:14:23,970 --> 00:14:25,530 then let your dollar rally. 265 00:14:25,680 --> 00:14:28,020 And I'll talk more about that on Monday and give you scenarios of what 266 00:14:28,020 --> 00:14:29,460 we were specifically looking for. 267 00:14:30,030 --> 00:14:34,500 Um, last week, you know, really just the consolidation week. 268 00:14:35,310 --> 00:14:37,830 Uh, nothing to get too terribly excited about. 269 00:14:38,460 --> 00:14:40,050 Uh, we had one little discussion. 270 00:14:41,115 --> 00:14:45,585 Uh, last week in regards to this down candle here, we were looking for substance 271 00:14:45,585 --> 00:14:47,625 has sensitivity price did rally up there. 272 00:14:47,805 --> 00:14:52,665 That was the only stand on price action in discussion I had for Euro 273 00:14:52,665 --> 00:14:56,775 dollar, until again, when this market moves, this particular pair of moves 274 00:14:56,775 --> 00:15:00,255 out of its range, then I'll start more, uh, more closely following it 275 00:15:00,255 --> 00:15:01,875 and given some insights about it. 276 00:15:01,875 --> 00:15:05,865 But for right now, it's just better to stay away from it because 277 00:15:05,925 --> 00:15:09,475 the next big move that takes place is probably going to be. 278 00:15:10,334 --> 00:15:14,204 Unexpected in terms of the, when it happens and you'll only be caught up in 279 00:15:14,204 --> 00:15:16,574 it and let them move it out of the range. 280 00:15:16,605 --> 00:15:19,155 And then once they move it out of the range, we'll know where they're going to 281 00:15:19,155 --> 00:15:25,094 most likely going to move it back to or reach for in terms of liquidity cable. 282 00:15:25,155 --> 00:15:27,474 This is the one, let me go back to it. 283 00:15:27,525 --> 00:15:32,175 I took myself off of it, the, uh, cable daily chart. 284 00:15:33,015 --> 00:15:35,415 Um, there is a video out here somewhere. 285 00:15:35,535 --> 00:15:37,425 I don't know where, where it is, what they did is. 286 00:15:38,715 --> 00:15:41,745 And if you were downloading them, you have it somewhere in your archives. 287 00:15:41,745 --> 00:15:43,755 So it's not like I can go in here and use the computer and change it. 288 00:15:45,225 --> 00:15:47,655 But I talked about this discussion point here. 289 00:15:48,585 --> 00:15:51,015 I said that, you know, we're in a long-term consolidation here. 290 00:15:51,225 --> 00:15:55,335 We've been in here for months sideways and we have a price like here. 291 00:15:56,324 --> 00:15:56,745 Okay. 292 00:15:57,135 --> 00:16:03,245 And if we use that price, like, and measure it down to the body, 293 00:16:04,230 --> 00:16:06,600 From body highs to body lows. 294 00:16:06,840 --> 00:16:08,760 And again, not respecting the Wix. 295 00:16:08,760 --> 00:16:10,020 I could care less about the Wix. 296 00:16:11,160 --> 00:16:13,080 I'm looking at this as, as the range here. 297 00:16:13,290 --> 00:16:13,710 Okay. 298 00:16:14,310 --> 00:16:18,240 Now I want you to focus on the fact that I'm using these bodies 299 00:16:18,450 --> 00:16:19,770 right here on these candles. 300 00:16:20,700 --> 00:16:23,790 I'm going to drag this level, which is equilibrium. 301 00:16:23,790 --> 00:16:26,220 I'm going to drag that down to it lays underneath this low. 302 00:16:26,880 --> 00:16:27,120 Okay. 303 00:16:27,120 --> 00:16:29,760 That's what I'm going to do is I'm going to stretch it down. 304 00:16:35,400 --> 00:16:39,150 Until equilibrium lays directly underneath those lows, right 305 00:16:39,150 --> 00:16:40,650 on the buttons of the bodies. 306 00:16:41,010 --> 00:16:41,370 Okay. 307 00:16:41,910 --> 00:16:45,570 So what I've done is I've essentially made a measured move from the bodies, 308 00:16:45,870 --> 00:16:49,650 not the wicks, the bodies of the candle down to the bodies of the candle 309 00:16:49,650 --> 00:16:55,350 here in my, my view was that this is the first leg consolidating and then 310 00:16:55,350 --> 00:16:57,480 another leg lower that puts us down. 311 00:16:57,480 --> 00:16:57,570 Right. 312 00:16:59,220 --> 00:16:59,400 Okay. 313 00:16:59,400 --> 00:17:03,300 So we're potentially, if we have not seen capitulation and the low end 314 00:17:03,300 --> 00:17:07,079 cable has been already found, which I don't see the evidence of that yet. 315 00:17:07,859 --> 00:17:12,270 Um, we could just be on the verge of the next move lower. 316 00:17:12,569 --> 00:17:15,210 And I'm going to tell you something, if this thing drops down here, dollar 317 00:17:15,300 --> 00:17:16,710 going way higher than I thought. 318 00:17:17,940 --> 00:17:18,210 Okay. 319 00:17:18,210 --> 00:17:20,250 So just bear in mind. 320 00:17:20,250 --> 00:17:22,589 I knew I said this somewhere in one of my radios. 321 00:17:23,720 --> 00:17:27,120 I know I've said it sometime in the last month and a half. 322 00:17:27,270 --> 00:17:28,410 I just don't know where it is. 323 00:17:28,410 --> 00:17:35,100 I had, I have it, but this, this move here puts us underneath the one 10 on cable. 324 00:17:36,300 --> 00:17:39,870 And that's, if we get the symmetrical price swing here, now it doesn't have 325 00:17:39,870 --> 00:17:45,220 to do this, but I'd really love for it to do it because it would give 326 00:17:45,220 --> 00:17:46,440 us a lot more range on the downside. 327 00:17:46,460 --> 00:17:46,930 The trade-in. 328 00:17:48,880 --> 00:17:51,730 If we look at what's already transpired. 329 00:17:53,150 --> 00:17:54,530 And how we can use it going forward. 330 00:17:58,910 --> 00:18:02,330 We have the range here that would be classic resistance. 331 00:18:02,510 --> 00:18:05,690 Now it doesn't have to get up there just because it use 332 00:18:05,690 --> 00:18:06,980 these levels here for support. 333 00:18:07,280 --> 00:18:10,010 It could be a long time if ever okay. 334 00:18:10,220 --> 00:18:12,200 That it gets back here for us to trade. 335 00:18:13,400 --> 00:18:14,720 So what are we looking for? 336 00:18:14,720 --> 00:18:16,340 Primarily, we're going to look at this candle. 337 00:18:23,310 --> 00:18:29,700 So low comes in at 26 89, and it's going to be close enough to 338 00:18:29,700 --> 00:18:31,110 get down to a smaller timeframe. 339 00:18:34,980 --> 00:18:36,090 Jump into a four hour. 340 00:18:52,635 --> 00:18:53,745 1 26 89. 341 00:18:54,225 --> 00:18:57,794 And that would essentially closing the liquidity void here. 342 00:18:58,334 --> 00:18:59,655 Now here's what I'm expecting. 343 00:18:59,655 --> 00:19:01,294 I'm expecting this week too. 344 00:19:03,515 --> 00:19:06,245 Well, if it, if we got down, obviously we're going to be running for those 345 00:19:06,245 --> 00:19:10,775 lower loads and try to make a run below the low that was created last Thursday. 346 00:19:11,735 --> 00:19:16,625 But I want to expect reasonably that we'll probably want to come up in here. 347 00:19:16,865 --> 00:19:17,045 Now. 348 00:19:17,045 --> 00:19:18,875 It may only want to come up into this. 349 00:19:20,865 --> 00:19:23,505 1 26 big figure 1 26 10th. 350 00:19:23,925 --> 00:19:25,425 So have that level of on your chart. 351 00:19:25,905 --> 00:19:30,285 Uh, we may want to see that run up into there and then roll over one more time. 352 00:19:30,705 --> 00:19:34,875 Um, ideally, uh, that would be the best scenario for me if we're going 353 00:19:34,875 --> 00:19:37,725 to continue lower, because I want to see it kind of come back a little bit. 354 00:19:38,295 --> 00:19:39,375 They've already paused it in. 355 00:19:40,379 --> 00:19:40,590 Okay. 356 00:19:40,590 --> 00:19:42,780 I'd like to see it run off a little bit close, at least this bit of 357 00:19:42,780 --> 00:19:45,810 arrangement and leave all this in here, because this is where all 358 00:19:45,810 --> 00:19:46,919 the retail is gonna be thinking. 359 00:19:47,280 --> 00:19:49,320 They're gonna think it's going to go up here and more specifically thinking 360 00:19:49,470 --> 00:19:51,480 they're thinking it's gonna go all the way up here for them to sell it. 361 00:19:52,409 --> 00:19:52,889 Nothing. 362 00:19:53,580 --> 00:20:00,690 If the cable's at one 20 fours now, and if it goes down to below one 10, that's tons 363 00:20:00,690 --> 00:20:03,929 of pips, do they want to give everybody a free chance to get on here by coming all 364 00:20:03,929 --> 00:20:06,179 the way back up here to what everybody in retail is going to be thinking about? 365 00:20:07,140 --> 00:20:08,340 New way and Hammond. 366 00:20:08,730 --> 00:20:11,850 So I'm going to go back to a lower level of resistance level or liquidity 367 00:20:11,850 --> 00:20:14,280 point, institutionally speaking. 368 00:20:14,280 --> 00:20:18,780 In other words, a bare shoulder block, or a previous low to mitigate anything 369 00:20:18,780 --> 00:20:21,690 that may have been in place for long. 370 00:20:21,870 --> 00:20:22,280 We went to that. 371 00:20:22,280 --> 00:20:24,810 I think they have anything in here, but you have to throw out to for completing 372 00:20:24,810 --> 00:20:26,040 the, because that's how I teach it. 373 00:20:27,000 --> 00:20:29,100 I just think they're all going to come up marginally. 374 00:20:29,850 --> 00:20:32,460 And if it does go back all the way up to here, if it gets back 375 00:20:32,460 --> 00:20:34,540 up to this level here, I honestly, I don't think that's going to be. 376 00:20:35,355 --> 00:20:37,875 Because I think what they'll be doing is if they run it straight 377 00:20:37,875 --> 00:20:40,635 all the way up to that point right there, and we don't go any lower 378 00:20:40,635 --> 00:20:43,815 from this low here, or even reach out to this, have this in your notes. 379 00:20:43,845 --> 00:20:46,455 If it comes all the way back up to that level, I would not 380 00:20:46,455 --> 00:20:47,835 expect that to be resistance. 381 00:20:48,375 --> 00:20:50,505 I would expect that level of give up and then this would have 382 00:20:50,505 --> 00:20:52,245 been capitulation down here. 383 00:20:52,665 --> 00:20:55,185 So if they come all the way up here like this to this level, 384 00:20:55,725 --> 00:20:56,655 I don't think that's a sell. 385 00:20:56,655 --> 00:20:59,715 I think they're setting up retail to get, get them thinking it's a cell 386 00:21:00,255 --> 00:21:01,095 and then going to blow through it. 387 00:21:02,379 --> 00:21:04,090 And then I would change everything, obviously, you know, in the 388 00:21:04,090 --> 00:21:05,770 near term for dollar and cable. 389 00:21:06,639 --> 00:21:11,860 Uh, last week we saw obviously every single day down, down, down, down, 390 00:21:11,860 --> 00:21:16,510 down, and then obviously the big, uh, washout Swan event that occurred. 391 00:21:16,510 --> 00:21:19,570 That was really not anything except for the market and finding no other 392 00:21:19,570 --> 00:21:24,760 support, except for that long-term 1985 bullish, shorter block mean threshold. 393 00:21:25,629 --> 00:21:27,610 And that put us down on that one 20 big figure. 394 00:21:28,300 --> 00:21:28,780 Uh, okay. 395 00:21:30,990 --> 00:21:33,570 Uh, we, we saw this market reach up into 396 00:21:42,750 --> 00:21:49,680 the sloppy, uh, highs that we were looking for on a daily chart over in here. 397 00:21:54,840 --> 00:21:58,320 And I think we're probably still going to go a little bit higher than that. 398 00:22:01,430 --> 00:22:04,190 Press railing through here and above this. 399 00:22:08,040 --> 00:22:11,490 I think we got that level rate there. 400 00:22:12,390 --> 00:22:18,750 So if we see continuation, we outside 1 35 is most likely I don't see a top 401 00:22:18,750 --> 00:22:22,380 in here unless we completely break down below this down candle here. 402 00:22:23,250 --> 00:22:23,879 Let me zoom in. 403 00:22:23,879 --> 00:22:25,950 I just remember the gentlemen, remind me you'll day. 404 00:22:26,940 --> 00:22:32,680 Uh, if we lose this down candle here, um, that's bad. 405 00:22:33,220 --> 00:22:36,399 Uh, we can come back and recapitalize this, not right away. 406 00:22:36,399 --> 00:22:39,280 You don't want to see this, uh, this candle trade to right 407 00:22:39,280 --> 00:22:40,180 away, once it runs through. 408 00:22:40,180 --> 00:22:43,240 And you want to try to give a little bit of a run, then if it comes back 409 00:22:43,240 --> 00:22:45,879 down into it, it's acceptable, but you don't really want to see that. 410 00:22:45,909 --> 00:22:46,210 Why? 411 00:22:46,210 --> 00:22:47,919 Because you have two down candles over here. 412 00:22:49,800 --> 00:22:52,320 So you want to see price kind of respect that as well. 413 00:22:52,650 --> 00:22:56,220 So 1 32 thirties, you want to see support be maintained there. 414 00:22:56,640 --> 00:22:58,080 So you don't want to see 1 30, 2 big figure. 415 00:22:58,080 --> 00:22:58,500 Basically. 416 00:22:58,500 --> 00:22:59,160 It's just put it that way. 417 00:22:59,160 --> 00:23:01,830 1 32 big figure should maintain support. 418 00:23:02,070 --> 00:23:05,490 If we get down below it, it's going to want to seek stops below the marketplace. 419 00:23:05,490 --> 00:23:07,770 It's a lot of trend line ideas here. 420 00:23:07,770 --> 00:23:09,930 If you just extend that out, folks are going to be looking 421 00:23:09,930 --> 00:23:11,100 for that retest later on. 422 00:23:11,430 --> 00:23:16,500 Um, we'll talk about that in retail traps as well, but for now, um, ideally it 423 00:23:16,590 --> 00:23:18,390 should run higher looking for the 1 35. 424 00:23:19,605 --> 00:23:21,675 Uh, last week we saw a couple of things. 425 00:23:21,675 --> 00:23:22,695 I did a trade. 426 00:23:22,695 --> 00:23:27,375 We identified a liquidity pool price equip quickly. 427 00:23:27,375 --> 00:23:31,845 Get up in there at sweet swept that retraced on nonfarm payrolls back 428 00:23:31,845 --> 00:23:33,255 into bullish, shorter block territory. 429 00:23:33,255 --> 00:23:34,195 Again, we gave. 430 00:23:35,220 --> 00:23:39,780 I, I gave you rather another, uh, liquidity pool study where they're going 431 00:23:39,780 --> 00:23:41,790 to reach for those and then reject it. 432 00:23:42,360 --> 00:23:44,160 So you can see where price is reacting. 433 00:23:44,520 --> 00:23:47,130 And we're going to build on these ideas as we go throughout the 434 00:23:47,220 --> 00:23:50,430 mentorship, but just for completeness sake, I gave you one more Aussie. 435 00:23:50,820 --> 00:23:52,350 They swept out and retrace as well. 436 00:23:52,380 --> 00:23:55,200 Each time you see this, these are all exercises you can trade on. 437 00:23:56,705 --> 00:23:59,885 Now going forward, obviously on Monday, you know, we got to see 438 00:23:59,885 --> 00:24:03,905 what Monday Monday's trading sets up based on, uh, Sunday's opening. 439 00:24:04,175 --> 00:24:05,405 So we don't do anything on Sunday. 440 00:24:05,405 --> 00:24:09,035 We don't really do anything in London on Monday, but 7:00 AM Monday 441 00:24:09,035 --> 00:24:11,225 morning, New York time will be live. 442 00:24:11,225 --> 00:24:14,975 We'll be able to do some commentary and see what we can find in the charts. 443 00:24:14,975 --> 00:24:19,685 But for now, let's go back over to. 444 00:24:31,165 --> 00:24:31,825 Review. 445 00:24:32,815 --> 00:24:32,905 Okay. 446 00:24:39,395 --> 00:24:40,655 Now next week we got an economic. 447 00:24:42,860 --> 00:24:44,630 As you can see here, you can find this on your own. 448 00:24:45,020 --> 00:24:47,180 Go into the, uh, Forex factory. 449 00:24:47,420 --> 00:24:49,160 You can use baby pips, uh, calendar. 450 00:24:49,160 --> 00:24:50,150 They're pretty good as well. 451 00:24:50,630 --> 00:24:55,370 Um, anything that pulls up the information that's salient for the week, we want 452 00:24:55,380 --> 00:24:59,960 to focus primarily on high impact and medium impact and low impact. 453 00:24:59,960 --> 00:25:01,580 We're not considering we don't care about that. 454 00:25:02,120 --> 00:25:08,060 Um, my filter set for Australian dollar Euro, British pound dollar and CAD. 455 00:25:09,165 --> 00:25:12,075 And this is what we have for the economic calendar next week. 456 00:25:19,705 --> 00:25:22,375 Now everyone's been asking what's going on with the curriculum. 457 00:25:22,405 --> 00:25:25,915 What's what do we have left for this month for the teachings? 458 00:25:25,955 --> 00:25:28,794 And a lot of folks are asking what's coming up in November. 459 00:25:29,215 --> 00:25:30,445 So we're gonna talk about that now. 460 00:25:30,595 --> 00:25:32,575 And then we'll close this video. 461 00:25:33,115 --> 00:25:35,155 Obviously, the first month we had that behind us. 462 00:25:36,044 --> 00:25:39,675 These are all the elements of the teachings that we had for 463 00:25:39,675 --> 00:25:44,355 2016, which is the very first month, each month I give a theme. 464 00:25:44,655 --> 00:25:44,824 Okay. 465 00:25:44,865 --> 00:25:47,294 The first month theme was observation and opportunities. 466 00:25:47,504 --> 00:25:50,205 It's to suppress that desire to Michael, please give me 467 00:25:50,205 --> 00:25:51,544 trades, get me in, get me out. 468 00:25:51,544 --> 00:25:54,705 I want to know how to trade right now, or I need to pay for this mentorship. 469 00:25:54,705 --> 00:25:55,665 And I've already warned people. 470 00:25:55,935 --> 00:25:58,064 If you have that mentality coming in, should have never said. 471 00:25:58,890 --> 00:25:59,640 This is a couple of months. 472 00:25:59,640 --> 00:26:04,830 I got to go through all of the teaching since 2010 and build that into a model 473 00:26:04,830 --> 00:26:08,730 where we can all have a user friendly perspective and then build on that. 474 00:26:09,090 --> 00:26:12,000 After the fourth, after the third month in fourth month, we 475 00:26:12,000 --> 00:26:13,080 get a little bit more hands on. 476 00:26:13,470 --> 00:26:14,460 Oh, I see a lot more. 477 00:26:14,460 --> 00:26:22,110 Hands-on now what we're doing in October, 2016, which is the second 478 00:26:22,110 --> 00:26:23,910 month we're focusing on risk and greed. 479 00:26:24,240 --> 00:26:24,660 Okay. 480 00:26:25,050 --> 00:26:25,980 Uh, the first. 481 00:26:27,375 --> 00:26:27,645 Okay. 482 00:26:27,645 --> 00:26:32,535 The very first teaching of the eight for October's content is going to be delivered 483 00:26:32,535 --> 00:26:36,765 Friday this Friday, and it's going to be grown small accounts with high risk. 484 00:26:37,485 --> 00:26:40,605 Then lesson two will be delivered on Saturday. 485 00:26:40,605 --> 00:26:43,875 Coming will be how to frame low risk trade setups. 486 00:26:43,995 --> 00:26:46,395 And Saturday we'll give you less than three as well. 487 00:26:46,725 --> 00:26:48,045 How traders make 10%? 488 00:26:49,350 --> 00:26:51,000 The ferry next week. 489 00:26:51,210 --> 00:26:51,450 Okay. 490 00:26:51,450 --> 00:26:54,960 The following Saturday will be how loop, I'm sorry. 491 00:26:54,960 --> 00:26:58,439 Why losing on trades won't affect your probability profitability 492 00:26:58,439 --> 00:27:03,960 rather, uh, how to mitigate losing trades effectively and the secret to 493 00:27:03,960 --> 00:27:06,149 selecting set us to offer high reward. 494 00:27:06,419 --> 00:27:11,100 So you'll have three, the following Saturday, this coming Saturday, 495 00:27:11,100 --> 00:27:12,929 you'll have two in Friday. 496 00:27:12,960 --> 00:27:13,439 You'll have the. 497 00:27:14,294 --> 00:27:17,354 Which is growing small accounts with our high risk and the reason why I'm 498 00:27:17,354 --> 00:27:20,985 deferring it, because I have a couple of people that are working with me in 499 00:27:20,985 --> 00:27:22,514 regards to getting their payment lined up. 500 00:27:22,814 --> 00:27:23,114 Okay. 501 00:27:23,114 --> 00:27:27,044 And, uh, I appreciate your patience, but it's, it has to happen because 502 00:27:27,044 --> 00:27:29,685 I can't give them the content they haven't paid for, but I'm also being 503 00:27:29,685 --> 00:27:31,334 fair as I possibly can to them as well. 504 00:27:31,695 --> 00:27:34,004 And one of them has an account that they're trying to make the payment, 505 00:27:34,034 --> 00:27:36,284 but I can see them trying to make the payment, but it won't bridge. 506 00:27:37,215 --> 00:27:39,915 And then obviously we get into the first of 24. 507 00:27:41,460 --> 00:27:46,200 Market maker traps in lesson seven, you'll learn false flags, exploiting 508 00:27:46,200 --> 00:27:47,880 retail pattern recognition. 509 00:27:48,510 --> 00:27:54,000 When folks see bullish flags and bears flags, how we actually see it 510 00:27:54,060 --> 00:27:57,870 in terms of the market-maker and we can actually trade them accordingly. 511 00:27:58,350 --> 00:27:59,850 And you've probably done this in your own trading. 512 00:27:59,850 --> 00:28:03,120 You've traded bull flags and it turns around and goes lower or trade a bear 513 00:28:03,120 --> 00:28:04,890 flags and it re rages against you. 514 00:28:05,160 --> 00:28:06,630 Uh, we're going to teach how to find that in the tree. 515 00:28:07,485 --> 00:28:09,345 And also a false breakout. 516 00:28:09,345 --> 00:28:16,225 So when we exploiting that as well, uh, month three, Okay. 517 00:28:16,225 --> 00:28:18,595 We're going to be delving deeper into time and price. 518 00:28:18,835 --> 00:28:21,745 And this is when your Twitter is going to be on fire. 519 00:28:21,955 --> 00:28:22,315 Okay. 520 00:28:22,345 --> 00:28:26,095 Majority of the delivery of the content will be Twitter, Twitter based, 521 00:28:26,215 --> 00:28:28,615 it'll be charts, setups and all that. 522 00:28:28,705 --> 00:28:33,085 But before we get into November, I have to explain what those setups are going 523 00:28:33,085 --> 00:28:35,155 to look like and how to use the charts. 524 00:28:35,575 --> 00:28:39,385 I'm not a signal service, but I want to understand, I want you rather to 525 00:28:39,385 --> 00:28:40,925 understand what I'm communicating in. 526 00:28:41,850 --> 00:28:44,460 Uh, and these charts that way you're effectively following along, 527 00:28:44,940 --> 00:28:47,190 they are meant to be studies. 528 00:28:47,340 --> 00:28:48,660 They are case studies. 529 00:28:48,720 --> 00:28:52,050 They are not in the stations to trade your life funds. 530 00:28:52,140 --> 00:28:52,560 Okay. 531 00:28:52,680 --> 00:28:54,420 Um, let's stick into the terms of use here. 532 00:28:54,840 --> 00:28:57,870 What you do with this information is completely and solely up to you. 533 00:28:58,260 --> 00:29:01,500 But my intent is to teach you where price is going to go from where it's 534 00:29:01,500 --> 00:29:03,090 at now and where it shouldn't go. 535 00:29:03,660 --> 00:29:04,560 I'm going to leave it at that. 536 00:29:05,350 --> 00:29:06,540 And then you'll know what I mean by that. 537 00:29:06,540 --> 00:29:11,445 If you just put some thought behind it, The month three starts with lesson one 538 00:29:11,445 --> 00:29:13,035 and it will be delivered on Saturdays. 539 00:29:13,365 --> 00:29:16,545 And that's why I have to have everybody on payment three by the 1st of November. 540 00:29:16,875 --> 00:29:19,515 If you're not on payment three, thank you for joining up. 541 00:29:20,415 --> 00:29:20,895 Take care. 542 00:29:21,075 --> 00:29:22,455 There won't be any more rejoins. 543 00:29:22,455 --> 00:29:22,695 Okay. 544 00:29:22,705 --> 00:29:27,195 It has to, everyone has to be on point because it will add, I will be so focused 545 00:29:27,195 --> 00:29:29,535 and dialed in by sharing the setups. 546 00:29:29,565 --> 00:29:31,755 I don't want to be dealing with extra administrative. 547 00:29:32,565 --> 00:29:36,225 So please do your part to make sure that your end of the bargain is 548 00:29:36,225 --> 00:29:37,485 paying on the first of every month. 549 00:29:37,725 --> 00:29:41,565 That's done to, everybody must have their payment on November 1st as of 550 00:29:41,565 --> 00:29:46,575 November 2nd, if it's not there, I am not having any leniency at all. 551 00:29:46,635 --> 00:29:48,254 Zero it's goodbye. 552 00:29:48,524 --> 00:29:48,855 Okay. 553 00:29:48,855 --> 00:29:51,165 So I want to make sure you understand that there's going to be a difference 554 00:29:51,764 --> 00:29:54,585 in my approach to how I'm dealing with the, with the payments. 555 00:29:54,585 --> 00:29:58,185 It has to be on point for the don't be messing with it less than 556 00:29:58,185 --> 00:30:01,155 once timeframe, selection, and defining setups for your model. 557 00:30:02,175 --> 00:30:03,765 Less than two institutional order flow. 558 00:30:03,795 --> 00:30:07,245 What makes it easy to know in the words, it's the beginning basis points 559 00:30:07,425 --> 00:30:11,325 of know where the market's going to go next institutional sponsorship, how 560 00:30:11,325 --> 00:30:15,045 to identify it in your setups, because you need that for high probability, low 561 00:30:15,045 --> 00:30:17,745 risk, where will the next setup form? 562 00:30:18,015 --> 00:30:18,315 Okay. 563 00:30:18,345 --> 00:30:22,875 I'm going to teach you in that lesson for how to build your anticipatory skillsets. 564 00:30:23,085 --> 00:30:27,450 So that way you'll be able to go on charts and say, okay, Literally in two 565 00:30:27,450 --> 00:30:29,940 minutes, you'll know where the next step is going to occur, regardless 566 00:30:29,940 --> 00:30:30,930 of what timeframe you look at. 567 00:30:30,960 --> 00:30:34,740 That's what that lesson is going to teach you in lesson five, inside price actions, 568 00:30:34,740 --> 00:30:36,810 how to see institutional market structure. 569 00:30:37,110 --> 00:30:41,010 Well beyond what was taught in March structure tutorial. 570 00:30:41,520 --> 00:30:42,960 We're going to go way beyond that. 571 00:30:43,110 --> 00:30:43,350 Okay. 572 00:30:43,350 --> 00:30:46,680 I'm going to pull you by your lapels right in front of the charts and 573 00:30:46,680 --> 00:30:48,060 show you exactly how the bank see it. 574 00:30:48,659 --> 00:30:51,240 Lesson six is macroeconomic to micro technical. 575 00:30:51,570 --> 00:30:53,730 I'm going to actually show you how you're going to go into the. 576 00:30:55,260 --> 00:30:59,970 Major market indices, what the current conditions of the marketplace is and 577 00:30:59,970 --> 00:31:03,150 how to take that all the way down into lower timeframes and what it means 578 00:31:03,150 --> 00:31:04,350 for you and how you can trade with it. 579 00:31:05,040 --> 00:31:12,030 And lesson seven is another set of retail traps, and it's gonna be trendline, 580 00:31:12,030 --> 00:31:14,430 Phantoms, and head and shoulder fandoms. 581 00:31:14,460 --> 00:31:17,280 And when you think you see it on the chart, it's really not there and 582 00:31:17,280 --> 00:31:18,390 how you can trade it accordingly. 583 00:31:19,140 --> 00:31:23,100 And then everybody wants to know what's coming up in December month, four. 584 00:31:25,635 --> 00:31:28,995 Of 12 and we're going to a next level of time and price. 585 00:31:29,415 --> 00:31:32,835 And this is where the end of all of what you already know. 586 00:31:33,945 --> 00:31:36,765 It stops after this one, then we're into new stuff. 587 00:31:37,185 --> 00:31:38,595 We're going into deeper waters. 588 00:31:39,165 --> 00:31:41,415 So I'm going to give you what the interest rate effects are in currency 589 00:31:41,415 --> 00:31:46,065 trades, reinforcing liquidity concepts and price delivery, reinforcing 590 00:31:46,065 --> 00:31:48,765 order block theory, how to select the right ones when to avoid the wrong. 591 00:31:49,620 --> 00:31:53,010 Reinforcing liquidity pools when to anticipate the rates, everyone wants 592 00:31:53,010 --> 00:31:55,230 to know when's it going to be a turtle soup and when's it continue through. 593 00:31:55,830 --> 00:32:00,180 Uh, I'll be able to show you, uh, the influence influence of certain 594 00:32:00,180 --> 00:32:04,170 things that help you trust when the tell, if it's going to be a run on 595 00:32:04,170 --> 00:32:08,220 stops, or if it's going to continue through, uh, reinforcing liquidity 596 00:32:08,220 --> 00:32:09,810 voids, when to anticipate the range. 597 00:32:10,675 --> 00:32:13,014 And when to allow them to stay open for a while. 598 00:32:13,405 --> 00:32:15,145 It just because you see them on a chart, doesn't necessarily mean it's 599 00:32:15,145 --> 00:32:18,835 going to be filled in right away so that teaching's going to get your 600 00:32:18,835 --> 00:32:20,185 understanding up to where it needs to be. 601 00:32:20,665 --> 00:32:26,004 And then reinforcing fair value trading inside the range in lesson seven is 602 00:32:26,004 --> 00:32:29,815 another retail trap is a momentum divergence, Phantoms, and market-maker 603 00:32:29,815 --> 00:32:32,274 trap double top and bottom Phantoms. 604 00:32:33,504 --> 00:32:37,675 Then we go off into 2007. 605 00:32:38,580 --> 00:32:41,370 And that information is too good to mention here. 606 00:32:41,820 --> 00:32:44,520 We're going to be talking about stuff you haven't heard before concepts. 607 00:32:44,520 --> 00:32:48,450 You haven't been taught yet, and it's going to be wonderful for you. 608 00:32:48,660 --> 00:32:49,020 Okay. 609 00:32:49,020 --> 00:32:51,480 And you'll have, everyone will be on the same page as where 610 00:32:51,710 --> 00:32:53,580 we should be knowing going in. 611 00:32:54,120 --> 00:32:57,660 I will have given you all kinds of delivery of new content on a day-to-day 612 00:32:57,660 --> 00:32:59,520 basis with everything that's being taught. 613 00:33:00,120 --> 00:33:02,580 So the lessons are gone to keep your focus. 614 00:33:04,170 --> 00:33:07,560 But every single day I'm apps, I'm actually taking all the insights 615 00:33:07,560 --> 00:33:10,440 and applying them to charts and showing you where it should go. 616 00:33:10,470 --> 00:33:12,600 Basically what you're saying, which you've been seeing since the beginning 617 00:33:12,600 --> 00:33:16,290 of mentorship, just it's getting more involved every single day. 618 00:33:16,290 --> 00:33:18,060 A lot more detail will be added to the charts. 619 00:33:18,060 --> 00:33:22,560 And that way, when we do logging, I can, um, I can provide 620 00:33:22,560 --> 00:33:24,150 more information in that way. 621 00:33:24,150 --> 00:33:28,260 It'll make more sense to, as you go, uh, when we get into month five, uh, 622 00:33:28,260 --> 00:33:30,740 your blogging will be a lot like. 623 00:33:31,620 --> 00:33:36,600 You know what, when you do your end of the day, a recording and you have your 624 00:33:36,600 --> 00:33:39,990 charts with notes and stuff, you're going to have the same type of notations 625 00:33:39,990 --> 00:33:42,180 on your charts that mine will be. 626 00:33:42,390 --> 00:33:44,580 And that's going to be part of your, your test every single day. 627 00:33:44,580 --> 00:33:50,310 When I upload my journal to the website in the form, you'll be able to 628 00:33:50,310 --> 00:33:51,990 hopefully have yours done before mine. 629 00:33:52,470 --> 00:33:55,440 And then the idea is to get as close as money as you possibly can. 630 00:33:55,710 --> 00:33:58,320 And then if you start knowing that we will be thinking about 631 00:33:58,350 --> 00:33:59,430 the market the same time. 632 00:34:00,450 --> 00:34:04,170 Now it's a very difficult task to do that, but I believe that we were going to get 633 00:34:04,170 --> 00:34:08,400 very close to it because I don't have a lot of tools that I use in trading. 634 00:34:08,550 --> 00:34:10,830 I have a lot of things that help me understand trading and that's 635 00:34:10,830 --> 00:34:12,450 what takes the longest time. 636 00:34:12,930 --> 00:34:16,620 You got to understand a lot of things that leads me to my understanding 637 00:34:16,620 --> 00:34:17,580 of what I think marketing. 638 00:34:18,615 --> 00:34:20,685 But I'm really not trading with a whole lot of things. 639 00:34:21,014 --> 00:34:23,805 And that's where the barrier has been for most of you in the free tutorials. 640 00:34:24,165 --> 00:34:26,325 You're trying to put traders Trinity on, you're trying to 641 00:34:26,325 --> 00:34:31,545 put, um, uh, ICT reflections and catapults and everything on there. 642 00:34:31,845 --> 00:34:35,205 And they're all just elements that led me to my understanding. 643 00:34:35,625 --> 00:34:35,925 Okay. 644 00:34:35,925 --> 00:34:39,645 And the mentorship is really to try to move away from all the extra 645 00:34:39,645 --> 00:34:43,425 stuff to give me what I need to know right now and how to use it. 646 00:34:43,665 --> 00:34:45,735 That's what this is, this, this whole 12 month process. 647 00:34:46,680 --> 00:34:51,630 And at the end of 12 months, you'll have everything that I do on a day-to-day basis 648 00:34:51,690 --> 00:34:53,940 down to the minute detail of a procedure. 649 00:34:54,060 --> 00:35:00,690 Step by step by step, the lessons are going to get absolutely laser point only 650 00:35:00,690 --> 00:35:06,270 focus on one or two things because it's very detailed, very, very specific detail. 651 00:35:06,810 --> 00:35:09,510 And you're going to have to do a lot of home. 652 00:35:10,735 --> 00:35:13,715 In month five going forward, it means you're gonna be going into charts 653 00:35:13,715 --> 00:35:16,465 and you're gonna be looking for specific things and making notations 654 00:35:16,465 --> 00:35:17,545 about these things happening. 655 00:35:17,935 --> 00:35:19,315 And you're going to be blown away. 656 00:35:19,315 --> 00:35:23,695 How accurate when you're looking for the daily Haida form it's going to form right. 657 00:35:23,695 --> 00:35:24,655 Where you think it's going to form. 658 00:35:24,655 --> 00:35:26,965 When you looking for the daily load of form, it's going to form right, 659 00:35:26,965 --> 00:35:30,445 where you think it's going to form the weekly high is going to form, right? 660 00:35:30,445 --> 00:35:32,875 Where you think it's going to form the weekly, low, it's going to 661 00:35:32,875 --> 00:35:36,055 form where you think it's going to form the monthly high and the low. 662 00:35:36,295 --> 00:35:38,185 You're probably going to be off about 40 pips. 663 00:35:38,515 --> 00:35:41,475 But if you're upset about it, I'm sorry, I couldn't deliver 664 00:35:41,475 --> 00:35:44,654 that in terms of accuracy, but we get real close to that as well. 665 00:35:45,194 --> 00:35:47,205 Um, you're going to learn quarterly shifts. 666 00:35:47,595 --> 00:35:51,375 You're going to learn how to anticipate the next six months probable direction. 667 00:35:51,375 --> 00:35:54,855 And if you work from that level down, you don't need to do anything else. 668 00:35:54,884 --> 00:35:56,475 You don't need to be any more long-term than that. 669 00:35:57,165 --> 00:36:02,775 And everything that I have held back starts being delivered in months. 670 00:36:04,085 --> 00:36:06,905 So we're going to take out a whole different approach to what you think, 671 00:36:06,905 --> 00:36:11,225 you know, in month five and six and below you away with what you thought 672 00:36:11,225 --> 00:36:14,705 you understood and received from the free tutorials in month seven. 673 00:36:15,785 --> 00:36:18,095 There's nothing out there anywhere. 674 00:36:18,365 --> 00:36:22,265 What I start giving you in seven, because it's all interbank level. 675 00:36:23,705 --> 00:36:26,285 So with that, I'm gonna close it and wish you very well. 676 00:36:26,495 --> 00:36:28,875 Have a pleasant afternoon evening, wherever you're at. 677 00:36:29,135 --> 00:36:35,250 Uh, And again, our next live session will be on Monday New York time at 7:00 AM. 678 00:36:35,700 --> 00:36:36,630 I will tweet you a link. 679 00:36:37,410 --> 00:36:39,930 Tonight around 11:00 PM my time. 680 00:36:39,960 --> 00:36:42,390 So that way everyone can register and get, get prepared for it. 681 00:36:42,810 --> 00:36:46,230 And then I'll send you another link about 20 minutes before the session 682 00:36:46,230 --> 00:36:50,040 starts tomorrow morning, you can dog pile in, then I'm gonna be 683 00:36:50,040 --> 00:36:51,810 doing another video later on today. 684 00:36:51,900 --> 00:36:55,830 Um, just basically all housekeeping stuff to please make sure you watch that. 685 00:36:55,830 --> 00:36:58,830 It's very important because you will be booted if you don't follow 686 00:36:58,830 --> 00:37:00,120 the instructions in that video. 687 00:37:00,390 --> 00:37:00,690 Okay. 688 00:37:00,750 --> 00:37:02,700 So with that, what should be luck and good. 59419

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