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Welcome back folks.
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This is a review for February 13th, 2017.
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Okay.
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We have the dollar index.
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We did a few things today in terms of
commentary and outlooks on a few pairs.
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So we're looking at, uh, the four
hour and the daily order block
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levels in here and price has
shown some responsiveness at that.
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Uh, we traded through this old high,
we were looking for that to occur.
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It's dropped down into a four-hour
chart, came to see how prices
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reacted off the four-hour block.
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Here we noted today and the daily order
block has certain Reese responsiveness
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off of that price came up, cleared out
the 101 level that we get to 1 0 1 10.
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We looked for a run
above these equal highs.
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We did get that.
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And as a result, we saw weakness
on the foreign currencies.
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We're going to take a look at the
Euro dollar did in fact, go down and
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clear out the liquidity pull that we
were aiming for for rejection block.
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So we have south side liquidity
now has been absorbed.
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So we're gonna have to wait and see
if there's going to be a reaction.
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And good go back higher.
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Or if we're going to see expansion,
if we see expansion, we'll be looking
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for the mood to go down below this
swing low again, disregarding this WIC.
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Next layer area of concern for downside
would be 1 0 5, 10 to 105 big figure
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pound dollar.
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Uh, we were looking for price to react.
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Okay.
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The lower timeframe levels.
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We're going to look at here on
a four hour timeframe inside
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of a larger consolidation.
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Still big draw on liquidity up here.
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Still.
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We have to get both below this low or the
means threshold this last down candle to
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negate any foolishness on the near-term.
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Again, middle of this downtown.
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We have to avoid seeing that, uh,
maybe Retraded to otherwise, we'll be
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looking for the Southside liquidity
that you ran out on this pair
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say, look at the four-hour chart.
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Cause we did talk about that this morning
in the live session, we had this down
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candle, which is a bull shorter block.
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We were looking for that to
show willingness to support.
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And price did in fact, trade
back down into it and showed
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a willingness to go higher.
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So we're looking for a move of the
bodies of these candles that comes in
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the form of 1 25, 60 and Canadian dollar.
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Um, we said this was a heavy pair
and we'd probably see the south side.
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The coolies still draw on this
and it's doing so as indicated
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during today's session.
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We could see a trade
down to 29, 80 to 29, 35.
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If we really roll through this
is the objective I'm still
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looking for for this pair.
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So that's what we're expecting.
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If we get anything above these
candles here, we will be looking for
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buy-side liquidity run at 30 to 45.
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But right now this is hard to see that
even if the dollar was to rally, I
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still see dollar CAD wanting to take
this area out before it goes higher.
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If it does at all.
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Aussie dollar.
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Uh, we had price expected to go up to 77
50 level longer-term we're looking for a
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buying opportunity at that 75 90 level.
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And we were watching the levels
in here on a four hour basis.
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Let's take a look at that.
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Okay.
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So we have this order block in
here, and we talked about the main
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threshold and price did trade down,
took out the short-term low here
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had some responses is off this down.
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Can that, which we didn't talk about.
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But I said, if we got the low, the mean
threshold with this candle, we'd probably
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want to make a run for the liquidity
below here, which would also set up the
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opportunity to be a swing trader long
entry at 75 90 on the basis of that.
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And we also have a four-hour.
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As well.
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So if we look at the opening on that
candle, we could see price trade
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down into the 75 95 to 76 big figure.
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So that's what we're looking for.
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Um, we want to see price, uh, get
down to that level for a swing trade.
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If we reject and trade higher in here,
um, we will be looking for a run above
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these equal highs at the 77 big figure.
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If we trade down to this level
here, That's the objective 77
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big figure as a swing trade.
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European has finally taken the sell
side liquidity out, very aggressive.
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And we're looking for now the market
to trade back down into the 83 82
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83 40 objective down here for the.
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Rejection block below these equal body
candles in here sell side liquidity
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is the draw on price right now.
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We don't see the likelihood
of the buy-side yet.
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Um, this, we have to monitor this
and see if there's any rejection,
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but right now it certainly looks like
it wants to make a run for the sell
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side liquidity resting below here.
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So that's gonna be heavy on Euro
and it may provide the bullishness
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that we're expecting on the cable.
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And.
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Uh, we had some levels
in here to watch as well.
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We looked, we looked for the likelihood
to get down here off of these
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old highs and it looks like this.
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Okay.
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And we also had a level
in mind on a four hour,
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and that was this order blocking.
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So if we add, we have that order block
in here in mind, uh, we could see price
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start to rally again, and we would be
looking for a run above the liquidity
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pool, resting with these equal highs.
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So let's get back out to
a Dale just for a second.
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I'm going to add the levels I had
in mind on the four hour drive
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back down into the four hour, you
can see there's the order block.
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We outlined the body of the case.
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The liquidity pool resting below
these lows and the liquidity,
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poor buffer, these highs.
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This was all given to you live before
the fact on the live session today,
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and a Orbach for daily support and
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the four hour base.
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Um, we're a block as well.
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So we had the four hour onus green
stated area on this last day on candle.
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And the daily water block is this one
here didn't get down to the daily,
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did react off of the four hour as we.
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And price has shown a
willingness to rally.
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So it's been about, uh, see how much
movement off of that level already.
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Lois 12, 19, and it's moved as
high as, uh, 1227 and a half.
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So almost, almost.
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A thousand dollars in terms of
a range of that react reaction.
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So right to the PIP, very
handsomely done there.
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Like I like that, but, uh, we'll
see if it has legs still to continue
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higher, if it does go higher, that
would bode well for weakness on a
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dollar to this, to be mindful of that.
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Okay.
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So we also had a level here
noted for potential bullishness
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on the silver market.
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You're looking at the opening or.
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This candle open comes in at 4 17 73.
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Today's low 1773 dropped
down to the four-hour chart.
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Okay.
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Price comes down and hits that
level and retraced, and we've had
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a 10 point bounce off of that.
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Not terribly exciting.
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I know, but, uh, it's nice to see
the responsiveness on the levels.
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I know you guys have been missing the.
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Uh, before the fact discussions and
looking for levels and reactions
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to watch engage, uh, we'll look to
see if it has any momentum to get
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above the clear out these equals.
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And making a better run for
that 18 big figure 1820.
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It'll be a nice upside.
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If we get expansion above here,
if we lose the ground here, um, we
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have to be mindful of the last down
candle here, but I don't think it's
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going to be a, not to support price.
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If we break down.
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We'll probably want to take out
these equal lows and that's still not
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good because we've already had a run
on stocks back here with this low.
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So there's no necessity for
price to trade back lower.
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If it's going to go higher, it
needs to go from here in my opinion.
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And that's it folks I'm
going to, uh, again, be away
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from live sessions tomorrow.
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I'm celebrating my
anniversary with my wife.
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So I will not be sharing live
session time with you tomorrow,
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but we will be back again.
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Wednesday am New York time for
another live session, but you will
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have prerecorded teaching tomorrow.
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It'll just be one video.
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Usually guys been getting to
usually a live session than a recap
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video like we're doing here, uh,
for Tuesday, February 14th, 2017.
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Again, it's my anniversary, please.
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Uh, understanding in that regard,
I'm only going to be given you one
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prerecorded session for tomorrow.
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Another post tomorrow, 2:30 PM code.
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You'll have it online by then, and I
wish you good luck and good trading.
13556
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