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Welcome back.
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Okay.
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Today.
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Unemployment claims coming out for the
dollar and building permits for CAD.
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Then we have a speaker coming
in for CAD later on today.
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But, uh, when we study in the release and
injection of volatility here in about five
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minutes relative to the Canadian dollar.
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Dollar's reaching up into those
equal highs we were talking about.
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We've been talking about
this for two months now.
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So we're going to look for a run
into this area here specifically.
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what is that?
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96 55 and 96 60.
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Uh, if we go with any more
movement beyond that 96, 80 as
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we were discussing yesterday.
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All cable.
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I'm worried about.
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It's just annoying.
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I feel sorry for you folks.
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Cause you got to keep
hearing me clear about.
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All right.
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So what I'm looking for is, since we're
looking for dollar to stretch into 96
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55, 9, 6 60, and maybe push into a 9,600.
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And looking for the market to want to find
some support off this order block here
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again, this is a 15 minute timeframe to
down candles together is equivalent to 30.
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Bullish shoulder block or one down
candle for 30 minute timeframe.
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Let's see what side of the market
they reach for in about two minutes.
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Yeah, I'm recording.
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Thank you for reminding.
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okay.
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So yesterday we had this low,
we were talking about it came
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down, swept that didn't even
get down into the actual level.
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We looked for, uh, the
specific, uh, water block.
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They take the stops out
we've since come back.
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Nice little dip down.
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Initially, if you look at the
opening price here, we're talking
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more about this this month
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at or below that is power three.
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In other words, a range expansion
should be if it's bullish
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should be seen on the upside.
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And if it's a barest day, it
would be seeing range expansion
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on the downside below it.
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Again, watching that dollar, we
should be seeing reaction in here.
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Now numbers just hit.
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Watch the middle of both these
two down candles together.
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Again, that would be the equivalent
of 30 minute bull shorter block.
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Uh, the question is, is if I was long,
would I be wanting to collapse a trade?
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From this low over here.
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Um,
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I don't know two clients, which I don't
have an opinion where we're at right now.
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That's why I'm observing it.
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If you weren't long over here, I would
like to believe you were taking something
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out of the market by now that way, even if
it does come down and you've already paid.
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Okay.
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So we're seeing initially we're
seeing weakness on dollar.
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And if we go into the dollar index itself,
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you're not seeing that in, in that dollar.
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That is that.
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So if we continue to see dollar hold it's.
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Now what's key is, is that we're
above this old high over here.
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So you gotta be careful
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ahead of this news release.
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We were so close to this old high.
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There really wasn't enough room to frame,
a low, low, low resistance liquidity runs.
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So simply because there's an
economic calendar release with
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high-impact news dollar based
and it's in a New York session.
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The fact that it has high impact,
doesn't always equate to anything
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because you have to have room from
where the market could re reaching for.
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Very good cop.
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You already are taking this
as an exercise on long.
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Very good.
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No, just say it like, I'll
just talk in general terms.
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Let's say for instance, we have the
economic calendar as it is today
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and say that the dollar index was
down here at 96, 30 or 9, 6 35.
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And we have yet to run through this
old high, if that was the case in
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the numbers released at eight 30.
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Being a high-impact or medium impact
news that would give you the context to
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say, okay, well the nearby volatility,
I'm sorry, nearby liquidity will
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probably be ran out above this old high.
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Even if it doesn't continue going
through it, if it just goes up to that
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point, that gives you an indication
that the dollar should strengthen.
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So any dollar based currency pair
that starts to dollar in its name
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first, you would be looking for
the market to find some bullshit.
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But given the fact that we hit these
stops above this old high, before the
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numbers released it lessens or dampens
the initial impact on the trade.
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In other words, the magnitude of which
the market will move when those numbers
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are released at eight 30, or whenever that
news room be that we'll release those data
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points, uh, it, it lessens its impact.
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So you get a less of a, a punch in.
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Ideally, and you want to see expansion
in here and you know, if it's going to
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expand, we've already mapped out earlier
in the week, that area above those equal
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highs, relative to the daily chart.
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So if dollar going to pull up.
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Into this area up here
above those equal highs.
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Remember, we're looking for 96, 55, 96,
55 clears the stops on the daily chart.
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Did I lose anybody talking
about this dollar 96 55 Wyatt.
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All we did was use that shaded area.
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We identified on the daily
chart to drop down into.
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Okay.
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On the daily, on the dollar
index, we drew our attention
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to these equal highs over here.
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We've been talking about
that for a while and.
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Hi on this candle
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comes in at 96 53 and
the opening is 96, 35.
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We're already over the opening,
but if we get a run through the.
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96 55 would do it be two
pips above it to the realm.
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Nearest five level.
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The problem is, is when you have
set like this, or if you're looking
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at it as a potential set up,
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the market had already
moved above and old high.
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So once you've done, once you've
already hit this urine potential
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turtle suit or false breakout.
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00:14:30,064 --> 00:14:34,834
And if it's already done that ahead of
the news release or market re uh, data
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point, like the building permits for cat
and, uh, unemployment claims for dollar.
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Excuse me.
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Sorry.
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The, uh, this is going to be a
rough weekend through this one.
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The, uh, the, the, the fact
that the price had already moved
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above this old height, right?
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When the data was released, it
already removed its potential.
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Like, if it was below that level
down here, let's say it was down here
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and all this move up hadn't happened
yet going into the 30 news release.
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If that hadn't happened, liquidity
would be resting above here, which
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would draw price up on the news.
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Okay.
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The news would be masking.
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The reason to drive up
here hit those stops.
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The bus stops above that level, and
you would expect it to expand up
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into potentially that area we've
identified on the daily chart.
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Now it's still can do it.
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00:16:09,960 --> 00:16:11,910
That doesn't necessarily mean
that just because it's not
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moved yet, it won't go up there.
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It just means that the high
probability conditions are you
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identify a previous higher or low.
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Okay.
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Or, um, if you're inside of a range,
which it doesn't really fit this criteria
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because we've already taken on a high.
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Prior to the numbers release
and there is no void over here.
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So the next area of liquidity
would be a stop run or liquidity
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pool resting above this old high.
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00:16:38,790 --> 00:16:46,199
So when we're using the economic
calendar to frame liquidity runs just
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because the high-impact or medium
impact may be, um, on your calendar,
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it has to line up with the technicals.
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00:16:54,630 --> 00:16:57,060
Now, like I was saying
yesterday in relationship to.
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Um, low resistance, liquidity
runs, but not seeing it supported
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because of the calendar.
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00:17:06,255 --> 00:17:07,905
You have to have both imbalance.
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00:17:08,535 --> 00:17:11,444
So to have a trade where I'm going to
put real money in, it's going to have to
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be technically sound where it is showing
that I have a very little resistance
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to where I think markets going to reach
where liquidity technically speaking.
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And it has to happen with
a calendar that has one.
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Medium or one high-impact news
event, only for the session.
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If I have multiple ones and the
technicals lineup, and it's going to be
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just the practice session or a drill.
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And I still do that, whether I'm
just cause I've been doing it for a
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long time, I'll still go in there and
practice because the conditions aren't
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right for me to do it with live funds.
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So what are we basically saying?
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We're saying that.
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To take a live trade.
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00:17:54,705 --> 00:17:57,705
If you ever get to the point where
you're comfortable taking live
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00:17:57,705 --> 00:18:01,005
trades with your real money and you
move out of demo and more months
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00:18:01,005 --> 00:18:02,325
away from that for most of you.
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00:18:02,715 --> 00:18:05,145
And in fact, all of you, if you're
here to learn what I'm teaching,
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00:18:05,775 --> 00:18:08,925
you need to stay out of the life
funds, at least for the first half
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of a mentorship about midway point.
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If you're comfortable by then, and you've
been trading for a while and you've been
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00:18:14,985 --> 00:18:18,015
through my free tutorial stuff, you'll
probably feel comfortable to do that.
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00:18:18,794 --> 00:18:22,605
But my advice is if you're new, don't
do it at all until you complete the
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00:18:22,605 --> 00:18:26,325
entire 12 months, because there's so
many things we need, we need to learn.
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00:18:27,014 --> 00:18:31,754
So to have those conditions where you're
going to be trading with life funds,
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and it has high probability, you want to
have the economic calendar, not littered
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with multiple high-impact news events.
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Okay.
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You want to have just one specific one?
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So that way the manipulation is only
focal to one specific time of day.
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00:18:48,284 --> 00:18:52,425
So you've already delegated a specific
time at which the market should
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00:18:52,425 --> 00:18:56,085
see manipulation or some volatility
running to a particular level
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relative to stops or, or fair value.
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00:18:59,175 --> 00:19:03,314
Then you have to have the technicals
in line with that as well.
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Is there room for the market to run
to the next area, liquidity and still
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offer some measurable, um, trade, if
there's no way to frame that trade in
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00:19:14,355 --> 00:19:17,235
terms of good risk model to potentially.
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00:19:18,760 --> 00:19:21,909
You don't do anything, but you
can observe and you can practice.
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00:19:21,909 --> 00:19:26,409
You can demo K on trade it and get
experienced doing it because by
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00:19:26,409 --> 00:19:29,170
getting in there, and we're going
to talk about that all T dollar,
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00:19:29,350 --> 00:19:30,879
uh, exercise last night as well.
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00:19:31,270 --> 00:19:35,320
W what the takeaways from that was
because you're going to see when you
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00:19:35,320 --> 00:19:38,770
get into trades and if they don't
immediately pan out, if they don't
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00:19:38,800 --> 00:19:42,370
immediately show you the evidence
is that you are on the right side.
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00:19:43,395 --> 00:19:44,595
Chances are you're offsite.
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00:19:44,595 --> 00:19:49,785
So there's characteristics to those
trades that you won't pick up on
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00:19:50,385 --> 00:19:53,115
until you do it enough to see,
okay, this doesn't feel right.
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00:19:54,675 --> 00:19:59,565
You feel it as a new trader when you're
messing around with a demo account, but
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00:19:59,565 --> 00:20:04,425
you ignore it because you think it's
just your head messing with you when
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00:20:04,425 --> 00:20:07,095
it's really just common sense telling
you that this market's not going where
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00:20:07,095 --> 00:20:09,195
you thought it was, why don't you get it?
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00:20:10,170 --> 00:20:14,670
But that requires you to admit
you're wrong and being wrong.
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00:20:14,730 --> 00:20:16,410
Doesn't equate to feeling smart.
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00:20:17,190 --> 00:20:19,530
Just thinking about smart people were
more right than they're wrong, right?
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I'm sorry.
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00:20:20,850 --> 00:20:21,420
They're smart.
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00:20:21,420 --> 00:20:24,780
People are right more than the wrong
and that's not necessarily true.
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00:20:33,740 --> 00:20:34,580
That's a good question.
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00:20:34,580 --> 00:20:38,630
Simon Simon asks, uh, do we enter with
a trade plan before the high impact?
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00:20:39,525 --> 00:20:43,275
Or do we wait for the announcement
and then enter with a trade plan?
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00:20:43,635 --> 00:20:45,465
There's two conditions
you're going to learn.
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00:20:46,515 --> 00:20:48,195
Uh, and they're, they're very specific.
208
00:20:48,195 --> 00:20:52,515
So that way you're gonna know which
one to use, but without giving you
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00:20:52,635 --> 00:20:56,055
experience of looking at it and
given you pieces of every type of
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00:20:56,085 --> 00:20:59,925
condition of what it feels like when
you're getting in there doing it.
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00:20:59,925 --> 00:21:02,325
And when, when you're, when this,
first of all, I had to look for them
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00:21:03,285 --> 00:21:07,125
that that comes by looking at it
several times over a course of a month.
213
00:21:08,265 --> 00:21:12,105
Then we'll have conditions where
you'll say, okay, there will be a trade
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00:21:12,105 --> 00:21:16,785
that you'll be willing to take trade
sometimes ahead of the news and folks
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00:21:16,785 --> 00:21:18,015
that have been trading a long time.
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00:21:18,315 --> 00:21:22,125
And this is, I talk about it a lot,
but I think I thought it was funny.
217
00:21:22,125 --> 00:21:25,245
I was laughing when, uh, Chris, Lori and
I were having a conversation on the phone
218
00:21:26,055 --> 00:21:30,825
and I told him, I said, yeah, That was
long, you know, I couldn't remember what
219
00:21:30,945 --> 00:21:36,075
a pair it was, but, um, I told him, I
said, yeah, I'm long a XYZ currency pair.
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00:21:36,435 --> 00:21:38,925
And he goes, you're you're
you're long ahead of the numbers.
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00:21:39,015 --> 00:21:39,795
And I was like, oh yeah.
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00:21:40,095 --> 00:21:42,225
And then boom, it exploded in my favor.
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00:21:42,615 --> 00:21:43,275
And he's like, wow.
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00:21:43,305 --> 00:21:47,295
You know, he usually waits for the
numbers to release generally, and then
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00:21:47,295 --> 00:21:51,165
he'll play the volatility after that,
where I look for the liquidity before.
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00:21:52,080 --> 00:21:56,490
The numbers release on some trades,
not all trades, but some trades you'll
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00:21:56,490 --> 00:21:59,330
have contexts where you'll be able to
see what they're going to reach for
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00:21:59,670 --> 00:22:03,930
in that, in that, uh, at data release.
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00:22:04,590 --> 00:22:09,000
There's other times where like today
you have to sit back and wait and
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see what they do after the fact.
231
00:22:10,380 --> 00:22:13,920
And the reason why you have to wait is
because the dollar has already ran as
232
00:22:13,920 --> 00:22:17,610
high before the numbers were released.
233
00:22:17,610 --> 00:22:20,010
So you can't, you can't predict.
234
00:22:21,105 --> 00:22:26,205
What they're going to do so easily with
this context, versus if the price is
235
00:22:26,804 --> 00:22:28,425
down here before that number released.
236
00:22:28,485 --> 00:22:30,915
Cause obviously it would
stretch up it hit that.
237
00:22:33,064 --> 00:22:33,665
Does that make sense?
238
00:22:33,665 --> 00:22:33,995
Simon?
239
00:22:38,985 --> 00:22:42,764
A lot of you are concerned about
the things that we're doing and
240
00:22:42,764 --> 00:22:46,574
when I give you things to focus
on it still feels fragmented.
241
00:22:47,985 --> 00:22:51,195
And it should feel fragmented
right now because I need you to
242
00:22:51,195 --> 00:22:54,735
focus on specific concepts and
we're covering a lot of ground.
243
00:22:54,735 --> 00:22:56,055
You just don't know that you are.
244
00:22:57,345 --> 00:23:01,755
Once you have an experience of looking at
the things individually component wise,
245
00:23:01,785 --> 00:23:05,835
modularly, it's going to be very easy
for me to sit you down in a matter of
246
00:23:05,835 --> 00:23:09,705
a week and say, okay, remember when we
were looking at the examples that look
247
00:23:09,705 --> 00:23:13,005
like this, contrast that with memory,
when you're looking at the examples
248
00:23:13,005 --> 00:23:15,395
like this, you immediately knew how to.
249
00:23:17,215 --> 00:23:18,145
Differentiate.
250
00:23:18,175 --> 00:23:22,495
What gives you the context of
trade with one set of parameters
251
00:23:22,915 --> 00:23:24,235
versus another set of parameters?
252
00:23:25,075 --> 00:23:28,405
It's not going to be enough if I, if
I sat down with you right now and gave
253
00:23:28,405 --> 00:23:34,465
you the PDF files, that is a step by
step process of what you're going to do.
254
00:23:34,945 --> 00:23:38,425
You're still going to flounder because
you know, you're not experienced
255
00:23:38,425 --> 00:23:41,395
in seeing what these environments
feel like when you trade them.
256
00:23:41,725 --> 00:23:42,335
And you're going to second.
257
00:23:43,365 --> 00:23:46,875
It's the same thing as an indicator
indicators by itself don't work.
258
00:23:47,205 --> 00:23:50,265
But if you add price action, study to
it and you understand how price works.
259
00:23:50,565 --> 00:23:52,815
Then if you look at an indicator,
it's perfect, flawless.
260
00:23:52,875 --> 00:23:53,955
It doesn't ever fail.
261
00:23:53,955 --> 00:23:57,585
Then problem is, is that everybody
focuses on the indicator and they
262
00:23:57,585 --> 00:23:58,875
don't know what to do with it.
263
00:24:00,015 --> 00:24:01,395
It's not the indicator itself.
264
00:24:01,395 --> 00:24:01,935
That's doing it.
265
00:24:01,965 --> 00:24:02,895
It's the price action.
266
00:24:03,225 --> 00:24:06,915
So because there specific
parameters around conditions in the
267
00:24:06,915 --> 00:24:11,655
marketplace that I trade in just
having the rules, it's not a new.
268
00:24:12,510 --> 00:24:17,699
You have to have the experience of getting
in there and engaging price with these
269
00:24:17,790 --> 00:24:24,629
specific environments and focus because
two of them start off the same way,
270
00:24:25,020 --> 00:24:27,060
but dramatically and suddenly change.
271
00:24:27,090 --> 00:24:31,290
And if you don't pick up on that clue,
you end up taking a loss that's needed.
272
00:24:32,560 --> 00:24:35,980
But there is a very classic
telltale sign that once you see
273
00:24:35,980 --> 00:24:38,140
it by doing exercises, okay.
274
00:24:38,170 --> 00:24:40,870
And it's going to be seen by
trading against the daily timeframe.
275
00:24:41,380 --> 00:24:46,090
Once you've, once you see it
fail in the mechanism, I'd give
276
00:24:46,090 --> 00:24:47,650
you as like, it's a kill switch.
277
00:24:47,980 --> 00:24:50,290
You just don't, you
don't trade it anymore.
278
00:24:50,290 --> 00:24:50,950
You just get out of it.
279
00:24:51,490 --> 00:24:53,890
And sometimes it will still move in
the direction you thought it was.
280
00:24:53,890 --> 00:24:55,270
And you'll just have to deal with that.
281
00:24:55,630 --> 00:24:59,170
But many times more often than
not, you're going to see it
282
00:24:59,230 --> 00:25:00,990
will protect you from taking a.
283
00:25:02,565 --> 00:25:08,085
But you have to go through these boring
things individually to get experienced
284
00:25:08,115 --> 00:25:11,475
looking at it, even in these smaller
timeframes, because it's going to still
285
00:25:11,475 --> 00:25:15,285
be applicable to a hard timeframe set
up for those that can't intraday trade.
286
00:25:15,855 --> 00:25:19,305
They're all the same things it's
applied to a daily four hour chart.
287
00:25:22,125 --> 00:25:23,775
Yeah, I'm going to do, um, I got tired.
288
00:25:24,254 --> 00:25:26,655
I got tied up with, uh, Bella yesterday.
289
00:25:26,655 --> 00:25:29,055
She came home from getting
spayed and she's a mess.
290
00:25:29,205 --> 00:25:29,805
She's also.
291
00:25:31,005 --> 00:25:32,835
So I didn't get a chance to
do much of that last night.
292
00:25:38,525 --> 00:25:38,795
Yeah.
293
00:25:38,825 --> 00:25:39,605
On the dollar.
294
00:25:39,635 --> 00:25:42,305
They already ran the liquidity
out above this old high.
295
00:25:46,605 --> 00:25:51,855
And there was really the only thing that's
above this would be to expand to 96 55.
296
00:25:52,665 --> 00:25:54,885
So there's only, we're
only talking about 1,000.
297
00:25:56,545 --> 00:25:57,205
Well on the dollar.
298
00:25:57,955 --> 00:26:02,095
So even if it does distress itself
up here, that's really not enough
299
00:26:02,905 --> 00:26:06,385
to get dollar CAD, to want to
open itself up to a run higher.
300
00:26:07,315 --> 00:26:11,665
If it would have been down here or in
the 96 30 level, then we potentially
301
00:26:11,725 --> 00:26:17,035
got like 20, 25 pips of run running up
this high here and potentially up to
302
00:26:17,035 --> 00:26:21,175
96, 55, relative to that daily equal
high that we loaded on the daily chart.
303
00:26:22,410 --> 00:26:27,180
So when we look at trades and we're
justifying where the market should go
304
00:26:27,360 --> 00:26:31,140
relative to the dollar, the dollar has
got to have a willingness to want to
305
00:26:31,140 --> 00:26:34,500
move to some measurable degree of campus.
306
00:26:34,500 --> 00:26:36,090
Be stuck somewhere.
307
00:26:36,690 --> 00:26:44,250
If it's stuck, it's going to have a
real dampening effect on the price
308
00:26:44,250 --> 00:26:46,320
movement in the currency pair.
309
00:26:46,410 --> 00:26:48,270
Even if it has high impact news on it.
310
00:26:49,485 --> 00:26:54,584
So I got a lot of emails from most
of you really that, uh, it resonated
311
00:26:54,584 --> 00:26:58,725
with you low resistance liquidity
runs with, uh, the economic calendar,
312
00:26:58,725 --> 00:27:00,254
high impact or medium impact news.
313
00:27:00,465 --> 00:27:00,975
I got it.
314
00:27:00,975 --> 00:27:02,445
I feel like I know how to do it.
315
00:27:02,774 --> 00:27:07,814
And I'm trying to tell you without killing
your spirit, that that's not enough.
316
00:27:08,084 --> 00:27:09,885
There's things that you
got to concern yourself.
317
00:27:24,205 --> 00:27:27,265
Does anything ever give clues
as to when the dollar wants
318
00:27:27,265 --> 00:27:28,825
to expand versus turtle soup?
319
00:27:28,855 --> 00:27:29,245
Yes.
320
00:27:31,335 --> 00:27:32,295
It's price action.
321
00:27:33,375 --> 00:27:36,855
That's the, that's the part that I have
to submit to them and watch and study.
322
00:27:38,754 --> 00:27:43,435
Since we, since this market's been
moving on a dollar higher, uh, we
323
00:27:43,435 --> 00:27:47,754
were looking at a potential low on the
dollar relative to the daily timeframe.
324
00:27:48,235 --> 00:27:49,745
And I actually used the dollar CAD.
325
00:27:50,095 --> 00:27:51,175
Give me that reasoning.
326
00:27:52,074 --> 00:27:52,735
It's Nvidia.
327
00:27:52,735 --> 00:27:55,074
You guys can go back and look
at all that stuff in September.
328
00:27:55,645 --> 00:28:00,385
But down here, I thought that we
were making that low and we expanded.
329
00:28:01,995 --> 00:28:07,125
And we're just about the Hitton, we're
almost hitting that, uh, 55 96, 55 level.
330
00:28:07,125 --> 00:28:09,285
It's really close to snapping up in there.
331
00:28:10,845 --> 00:28:14,565
If it's going up like this, it's the
logical to assume that it's going to
332
00:28:14,565 --> 00:28:18,645
take out the highs here and if it takes
those out, it may expand up in the here.
333
00:28:18,705 --> 00:28:23,595
I mean, we have been talking about this
area and for those that are new, that
334
00:28:23,595 --> 00:28:27,945
you just started following me, believe
me, if you go back and look at all the.
335
00:28:28,800 --> 00:28:33,360
Times I spoke about
dollar from August 1st.
336
00:28:33,900 --> 00:28:34,410
Okay.
337
00:28:35,040 --> 00:28:36,090
Not necessarily August 1st.
338
00:28:36,090 --> 00:28:36,690
What would that be?
339
00:28:36,750 --> 00:28:38,310
The first week of August around that time?
340
00:28:38,730 --> 00:28:44,250
Um, we were talking about these equal
highs being a potentially liquidity pool.
341
00:28:44,610 --> 00:28:49,080
Since then once these two pies formed,
they're always going to be on your chart.
342
00:28:50,490 --> 00:28:50,820
Okay.
343
00:28:50,820 --> 00:28:54,150
So just because they're on your
chart, doesn't mean they're.
344
00:28:55,139 --> 00:28:57,300
Immediately in the next five minutes.
345
00:28:57,360 --> 00:28:58,260
And that's another thing.
346
00:28:58,260 --> 00:29:01,980
Some people think, you know, if you're
new, you're thinking if we were down here
347
00:29:02,129 --> 00:29:07,649
at 95, 45, and if I say, okay, look on
your chart for clean highs, naturally,
348
00:29:07,649 --> 00:29:08,760
you're going to be able to see that.
349
00:29:09,570 --> 00:29:12,990
But the assumption is on some of you that
are new and I'm not making fun of anybody.
350
00:29:12,990 --> 00:29:16,169
It's, it's natural to think this stuff
too, because you don't know anything.
351
00:29:16,200 --> 00:29:18,360
You don't have knew it and you
have no frame of reference.
352
00:29:18,360 --> 00:29:21,750
And that's the importance of why
we go in here every single day
353
00:29:22,200 --> 00:29:23,270
and, uh, force you to look at.
354
00:29:24,405 --> 00:29:28,425
It's not about how much money you would
have make, or how much money you'll lose.
355
00:29:28,755 --> 00:29:31,575
It's the back that you're in
there studying price, and you're
356
00:29:31,575 --> 00:29:35,475
learning the characteristics
of how it moves by doing it.
357
00:29:35,655 --> 00:29:40,965
It'll give you reference points
by experience to say, okay, if I
358
00:29:40,965 --> 00:29:43,215
do this, this is by experience.
359
00:29:43,275 --> 00:29:44,685
What I should expect to see.
360
00:29:45,165 --> 00:29:51,615
I cannot effectively communicate that
with you or to you in a video tutorial.
361
00:29:53,430 --> 00:29:55,770
It doesn't, I can't
bridge that, that barrier.
362
00:29:56,130 --> 00:29:57,240
It has to be done.
363
00:29:57,270 --> 00:29:58,230
Experientially.
364
00:29:58,270 --> 00:30:01,170
You have to be in the charts with me
and I got to explain it to you and
365
00:30:01,170 --> 00:30:03,390
it's boring and it sounds like a rant.
366
00:30:03,390 --> 00:30:06,630
And it sounds like I'm just talking
to hear myself talk, and it's not,
367
00:30:06,690 --> 00:30:10,560
I'm giving you the insights that you
really need, but if you're not going to
368
00:30:10,560 --> 00:30:14,130
listen and you're going to be stubborn
about it, or just zoning it out,
369
00:30:14,580 --> 00:30:16,110
you're not going to learn anything.
370
00:30:16,260 --> 00:30:17,640
And it's not my fault because of that.
371
00:30:17,670 --> 00:30:20,010
It's because you're not
doing what's necessary.
372
00:30:20,010 --> 00:30:20,610
What's his.
373
00:30:22,215 --> 00:30:22,935
Interactive.
374
00:30:23,685 --> 00:30:27,705
So if you're watching soap operas at
home and you got me in the background
375
00:30:27,705 --> 00:30:28,665
that you're not learning anything.
376
00:30:29,025 --> 00:30:33,855
So if we see these equal highs
in the chart, okay, that's
377
00:30:33,855 --> 00:30:35,475
going to be a draw on price.
378
00:30:36,825 --> 00:30:37,185
Okay.
379
00:30:37,365 --> 00:30:39,615
It's going to be a draw on
price that see it go up there.
380
00:30:40,005 --> 00:30:43,995
And if price is down here, even though
for instance, if you looked at the dollar.
381
00:30:46,065 --> 00:30:50,085
That say you looked at the chart like
this, obviously this is an area where
382
00:30:50,085 --> 00:30:54,735
your, your eye would be drawn to
because I told you in September what
383
00:30:54,735 --> 00:30:56,055
you should be focused on right now,
384
00:31:00,955 --> 00:31:03,745
you should be thinking, okay, we're here.
385
00:31:03,925 --> 00:31:05,065
Where's the equal highs.
386
00:31:06,264 --> 00:31:07,045
There's some right here.
387
00:31:07,585 --> 00:31:09,024
So what's above equal highs.
388
00:31:21,295 --> 00:31:23,275
I'm actually answering
your question, chase.
389
00:31:23,335 --> 00:31:26,545
If that's who I'm referring
to with this response,
390
00:31:32,125 --> 00:31:33,265
it's spy stops.
391
00:31:33,385 --> 00:31:33,925
Okay.
392
00:31:34,015 --> 00:31:38,035
So if the, if the market's down
here, some of you that are new.
393
00:31:38,940 --> 00:31:39,570
Are assuming.
394
00:31:39,570 --> 00:31:44,880
Okay, well, if it's down here and I
see these equal highs naturally, you
395
00:31:44,880 --> 00:31:46,650
know, naturally it has to be this way.
396
00:31:46,860 --> 00:31:50,340
The market's going to go straight up in
one candle and go right to that level.
397
00:31:50,340 --> 00:31:56,940
That's what some of you are assuming, and
that's not necessarily what you'll see
398
00:31:56,940 --> 00:31:59,850
happening, especially because you have to
consider the timeframe you're looking at.
399
00:32:00,420 --> 00:32:04,380
These are daily candles now,
can it make a run like that?
400
00:32:04,380 --> 00:32:04,650
Sure.
401
00:32:05,889 --> 00:32:09,969
Okay, but there's a lot of range
and a lot of things to encounter
402
00:32:09,969 --> 00:32:11,560
before it gets to this level.
403
00:32:12,219 --> 00:32:12,699
Okay.
404
00:32:13,149 --> 00:32:18,699
So imagine, do you remember being in
school, remember in school and you
405
00:32:18,699 --> 00:32:22,840
had paperclips or maybe a Thumbtack
or something laying on your desk and
406
00:32:22,840 --> 00:32:26,080
you brought a magnet to school and you
put the magnet underneath the desk.
407
00:32:26,530 --> 00:32:26,860
Okay.
408
00:32:26,860 --> 00:32:28,899
In the magnetism between the day.
409
00:32:29,730 --> 00:32:33,360
Underneath it, where you move the magnet
around, it would draw the paperclip to it.
410
00:32:33,360 --> 00:32:35,820
And you can like steer the little
paperclip all over the top of the
411
00:32:35,820 --> 00:32:37,120
desk with the magnet being moved on.
412
00:32:37,120 --> 00:32:42,270
And he said, well, that same thing
happens with these equal highs and equal
413
00:32:42,270 --> 00:32:48,419
lows, the effects of that magnetism
drawing price up there as we get closer
414
00:32:48,419 --> 00:32:52,290
and closer and closer to it, just like
that paperclip, you can make that.
415
00:32:53,635 --> 00:32:56,005
Just move a little bit when
you start getting close to it.
416
00:32:56,365 --> 00:32:59,245
But as you get closer and closer
and closer to it, all of a sudden
417
00:32:59,245 --> 00:33:03,175
what happens that paperclip will
quickly jump to the, to the magnet.
418
00:33:03,475 --> 00:33:04,195
You know what I'm saying?
419
00:33:04,315 --> 00:33:10,255
So as we get closer to it, the effects
of this liquidity pool will have much
420
00:33:10,255 --> 00:33:14,335
more significance and draw on price,
you know, quickly pull it up there.
421
00:33:14,515 --> 00:33:17,965
Whereas down here it's just
a subtle little movement.
422
00:33:17,965 --> 00:33:20,035
It starts pulling it up there
because that's where the.
423
00:33:21,580 --> 00:33:23,439
The reason why it's going to be very slow.
424
00:33:23,469 --> 00:33:26,439
Initially down here is because the
market makers are actually accumulating
425
00:33:26,439 --> 00:33:28,060
positions while it's down here.
426
00:33:29,560 --> 00:33:30,969
So they don't want you to see it.
427
00:33:31,360 --> 00:33:32,919
So they accumulate it slowly.
428
00:33:33,070 --> 00:33:34,959
And as it starts getting
up here, what happens?
429
00:33:35,139 --> 00:33:37,510
More people become aware
with it's going on.
430
00:33:37,639 --> 00:33:41,590
They want to buy, but the bulk
of the volume has already been
431
00:33:41,590 --> 00:33:42,760
bought down here by smart money.
432
00:33:42,760 --> 00:33:44,830
And they're going to allow
the rain of being quickly.
433
00:33:45,100 --> 00:33:48,129
That's why towards the end,
when markets run to stop.
434
00:33:49,139 --> 00:33:51,120
That's why you see that
real quick sudden movement.
435
00:33:51,720 --> 00:33:55,080
Other mentors, other teachers
will say it's a lack of
436
00:33:55,080 --> 00:33:57,720
liquidity and price gaps there.
437
00:33:58,169 --> 00:33:59,189
That's not what that is.
438
00:33:59,790 --> 00:34:04,230
It's the fact that they reprice
directly to that level to get their
439
00:34:04,230 --> 00:34:08,940
own orders out smart money prices
that level immediately, if you owned
440
00:34:08,940 --> 00:34:12,299
a store and you sold groceries.
441
00:34:13,110 --> 00:34:13,500
Okay.
442
00:34:13,500 --> 00:34:14,880
And we got this big hurricane coming.
443
00:34:15,750 --> 00:34:21,870
Right now, and you're selling milk and
bread and water bottled water right now.
444
00:34:22,530 --> 00:34:23,910
And you can be honest with me.
445
00:34:24,000 --> 00:34:24,210
Okay.
446
00:34:24,210 --> 00:34:28,140
Because I'm the only one, seeing
your responses, thinking about
447
00:34:28,590 --> 00:34:30,060
supply and demand factors.
448
00:34:30,780 --> 00:34:31,920
It's probably not ethical.
449
00:34:31,920 --> 00:34:35,850
It's probably not a good thing viewed
on, uh, in terms of humanitarian view.
450
00:34:36,360 --> 00:34:39,570
But if you're selling these things
and people are dog piling it,
451
00:34:39,600 --> 00:34:40,800
aren't you going to raise the price?
452
00:34:44,050 --> 00:34:44,530
Come on.
453
00:34:44,560 --> 00:34:46,719
I mean, it's just, it's
this that's business.
454
00:34:47,920 --> 00:34:51,370
Well, as price starts to get
up here, everybody's buying.
455
00:34:51,760 --> 00:34:54,909
If the smart money is already assumed
long positions, what are they going to do?
456
00:34:55,270 --> 00:34:58,270
They're going to set the price
at a premium quickly and they
457
00:34:58,270 --> 00:34:59,770
price it above an old high.
458
00:35:00,160 --> 00:35:01,900
It's not a lack of liquidity.
459
00:35:02,110 --> 00:35:04,310
There's all kinds of
liquidity just right at that.
460
00:35:06,185 --> 00:35:09,095
So that's the only thing I, I have an
issue with, and I'm not going to beat
461
00:35:09,095 --> 00:35:12,875
the person that can have a great deal of
respect for them, but that part is wrong.
462
00:35:13,355 --> 00:35:15,665
What I just told you is
exactly what goes on.
463
00:35:15,935 --> 00:35:19,145
It's not that there's a
lack of liquidity down here.
464
00:35:19,145 --> 00:35:21,915
It's a matter of it wants to go
right to where the liquidity is.
465
00:35:21,915 --> 00:35:25,985
It's this running up slowly and slowly
starts going up, starts going up.
466
00:35:26,345 --> 00:35:29,945
And then once it gets here, it's
going to start running hard for it.
467
00:35:30,785 --> 00:35:31,775
And that's what you're seeing.
468
00:35:31,805 --> 00:35:33,545
You're seeing it want
to get quickly up to.
469
00:35:34,515 --> 00:35:34,935
Area.
470
00:35:35,085 --> 00:35:38,774
So simply because we have equal highs
or equal lows noted on a timeframe.
471
00:35:39,165 --> 00:35:42,254
If it's a daily chart, it's going
to require time to get there.
472
00:35:42,975 --> 00:35:47,384
And that's what gives you daily bias
every single day between this area
473
00:35:47,384 --> 00:35:51,674
down here, until we eventually get
up to these levels, it gives you a
474
00:35:51,674 --> 00:35:54,375
daily bias to be a long dollar trader.
475
00:35:55,055 --> 00:35:59,024
If you're a long dollar trader, what does
that equate to for foreign currencies?
476
00:35:59,024 --> 00:36:02,565
What can you do with payers
like Kiwi dollar, all these.
477
00:36:03,840 --> 00:36:05,640
Uh, Euro dollar pound dollar,
478
00:36:09,410 --> 00:36:10,850
it gives you a selling bias.
479
00:36:12,610 --> 00:36:18,250
So when we do exercises that are
contrary to that directional bias, what
480
00:36:18,250 --> 00:36:22,780
is the reactions or responses that you
should see in studying price like that?
481
00:36:23,230 --> 00:36:26,620
When you're, when you're selling those
currency pairs against an idea that we're
482
00:36:26,620 --> 00:36:30,610
describing here on the dollar, we should
be seeing more risk responsiveness on.
483
00:36:35,634 --> 00:36:36,234
Going lower.
484
00:36:36,234 --> 00:36:36,565
Right.
485
00:36:37,794 --> 00:36:42,835
And in buying it, we should see what
we should encounter high resistance
486
00:36:42,895 --> 00:36:45,024
or a lack of wanting to go higher.
487
00:36:45,835 --> 00:36:46,285
Exactly.
488
00:36:46,285 --> 00:36:47,455
Mark said it perfectly pain.
489
00:36:48,565 --> 00:36:51,085
And that was, that was what
you're going to see when we cover
490
00:36:51,085 --> 00:36:54,024
the, uh, faulty dollar exercise.
491
00:36:58,595 --> 00:36:59,254
Now look at this.
492
00:37:02,840 --> 00:37:03,650
Excuse me one second.
493
00:37:03,650 --> 00:37:04,400
Let me get something to drink.
494
00:37:04,400 --> 00:37:05,390
I just ran out of my water.
495
00:37:07,370 --> 00:37:08,150
Bear with me one second.
496
00:37:08,150 --> 00:37:11,660
But look at this cat in case it does
it before I get out of here, the, uh,
497
00:37:12,680 --> 00:37:14,060
we came down and hit this order block.
498
00:37:14,750 --> 00:37:16,520
Uh, dollar still holding is high.
499
00:37:17,690 --> 00:37:19,850
This may expand through,
take out these equal highs.
500
00:37:19,910 --> 00:37:21,290
Watch this level here.
501
00:37:21,800 --> 00:37:21,890
Okay.
502
00:37:22,650 --> 00:37:26,880
If we do get expansion, watch the
reaction after we get through 32, 27.
503
00:37:26,910 --> 00:37:29,790
If assuming we do, I'm not saying
we have to do it, but that's
504
00:37:29,790 --> 00:37:30,810
what we're observing today.
505
00:37:32,250 --> 00:37:34,620
If it gets to 1 30, 2 30, almost, sorry.
506
00:37:34,620 --> 00:37:35,760
We're on 32, 27.
507
00:37:36,240 --> 00:37:38,520
It should really run up here
and hit that green area.
508
00:37:41,259 --> 00:37:41,920
Hang on one second.
509
00:37:41,920 --> 00:37:42,279
These scrap.
510
00:41:05,500 --> 00:41:05,740
All right.
511
00:41:05,740 --> 00:41:09,250
So look what we've seen so far on.
512
00:42:03,335 --> 00:42:03,515
All right.
513
00:42:03,515 --> 00:42:06,305
So we talked about the
importance of midnight.
514
00:42:06,905 --> 00:42:08,315
What happens at midnight in New York?
515
00:42:20,430 --> 00:42:27,540
It starts to the new day as it
relates to the interbank algo or APTA.
516
00:42:32,630 --> 00:42:39,370
So if we know that's the day beginning,
if we're bullish or bearish, Okay.
517
00:42:39,370 --> 00:42:43,390
The only thing we need to know is
the opening price on that candle.
518
00:42:44,470 --> 00:42:44,830
Okay.
44296
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