All language subtitles for V 11 EN (F)

Welcome back folks.

We will be talking about, uh,
present market action, potential

setups that may be for me.

And I'm also going to talk
about a relative strength

and this is a dollar index.

Okay.

We've outlined one-on-one 60 buy-side
liquidity, really close to hitting it

so far today it's high nine pips away
or points away from, uh, from hitting

that level could, could hit it today.

Intraday after eight 30 to nine
30 in the morning equity open

that could surge it up in there.

I said that if we see that that'd be hard
for gold and silver, the rally, and we'd

see weakness on the foreign currencies.

Obviously it goes without saying, all
right, so the dollar index again, we're

looking for that 1, 1 0 1 60 level
still to unfold as an outside objective.

So we had the 1 0 5, 10 to 1 0 5
big figure, sell side liquidity.

That this should be where price draws to.

Now, if we pause in between where we have
1 0 6, but figure, I want to have five

big figure, it can go straight down to it.

But if it does not do that, if it pauses
and starts to consolidate and trade up

to this level here at one to six, that
may be a catalyst for a swing trade that

would allow us to take a short from 1 0
6 to 1 0 5 to one to four 80 thereabouts.

And then we could possibly look, look
for a run below these lows on here.

I don't like the way the market
structure is for that straight drop,

but if we get one little hookup in
here to get to that one or six big

figure, that could be a good play.

Apart from that, there's
really nothing in here.

Even though with this last up
candle, I don't see that as a real

obvious, uh, bearish or block it.

And the reason why I say that is
because we have this down candle.

Okay.

And it's already acted as
resistance as a breaker.

We know once we went down below
it here, Jay, back up into it and

it's already moved away from that.

So I think this has
already been exhausted.

And for it to come back up to
here would really just be more

of a larger term consolidation.

We can go sideways for a long time,
or it could actually turn bullish.

Neither of those scenarios
I see in here yet.

So I don't care about this up candle
or viewed as a bear torture block.

Also it's already been traded into here.

So we've traded down through it.

Here, came back to it.

There said it's already on phase
Wednesday, Tuesday, Monday.

So Monday is RA traded into that.

So it's not something
that would be looking for.

So the liquidity is obviously
going to be a draw down here.

So we're looking for 1 0 5 big figure
1 0 4 80 is a downside objective.

But if we get a retracement back up the
one to six, that could be a scenario.

We can see a short for.

You know, a hundred pips or so
on Euro dollar the cable again,

I thought I was saying earlier,
but, uh, it's really sloppy.

We had a lot of wicks okay.

On, on both sides of the marketplace.

And while it's finally bending in aid to
the dollar index strength, um, I don't

think it's going to stop just below
this swing low or this long wet candle.

So if it goes below here, uh, we've
already went to the means threshold

apparently, or approximately rather
with this last down candle, we've

essentially already went to it here.

So for it to come back down to that
level and come back through it, that

to me, isn't going to be bullish or
a turtle soup or false break below

an old, low, or a stop run because
this has already been a stop run.

So if that goes down to that level again,

Any movement below this level.

Anything below that level here is just
going to expand and make a run for the

liquidity below these candles over here.

As you can see, there's 1, 2,
3 candles, nice and tidy that

doesn't stay like that long.

Plus we have a little bit of a void in
here so we can see some of that close in

and see 2160 and the gap down in here.

We can watch for that to
be a longer-term objective.

So what's the scenarios for cable.

If we continue to see dollar
strength, if cable slips and we

come back up to this level and they
give you a marker for that as well.

Okay.

If we trade down and come back up
and leave this level, untouched.

No worries.

If we can trade down a little bit
more and come back to that 24 20.

Or 24, 25 rather, uh, that
could be a selling scenario.

It could be as low as 24 20.

It could stop there as a
retracement up to that.

So just be mindful because we
have, we have these two highs here.

We have one here and one
here, so we acted as support.

We've acted as support,
but now we've given it up.

So we may see some, uh, capitalization
of, uh, shorts around that 24, 20,

24 big figure as it comes back to it.

So it's got to come down and my family
one more day or a little bit more than

we've already seen today on today's low.

So it's got to go below
24 big figure, obviously.

So once it comes back, if it
comes back, that would give us a

scenario to look for a run below.

23 42, 23 big figure, and then making a
run for the cell stops below 20 to 60.

So we'll be looking for
20 to 50 the downside.

So it could see about 200 PIP,
a swing on a swing trade idea.

Should that come to fruition?

Now, if it doesn't do that, it
makes it run straight for this.

This may become a short term support,
broken resistance play, and then that

would give us a run for the 21 21 60
level and then make a run for the gap.

So, um, I just don't like this
WIC here and I don't like the

it's been really wicked on both
sides and it's been consolidating

and it's been relatively strong.

And what SWAT, we're gonna talk about
relative strength before we close

the session today, but, um, dollars.

Has not really caused this pair
to break down aggressively as it,

in my opinion, it should have.

So it has some barriers that on, on
the support side of things, it has

to get through this convincingly.

Once it does that, then we'll
make a clean shot, right.

For the cell stops below here.

And then once it gets there, I don't
think this is going to be stopping here.

It'll then expand, filling all
the delivery of price here.

It's a lot of really
spotty price action here.

So that may want to really come down
and really balance all that out.

So longer term, probably
six weeks from now.

We'll probably be seeing cable down here
or have been traded at the 20 ones again.

All right.

Dollar cat.

Again, this thing has not had any sympathy
play with the dollar index, which is in

alignment with what our analysis has been.

But this payer it's really heavy,
uh, simply because of crude oil.

So, uh, the relationship between
Canadian dollar and incurred that's,

what's impacting this currency.

And with the dollar index, you would
think with all dollar base payers within

dollar in front of their name, like dollar
swizzy, dollar yen, uh, they're all up.

But this pair here just can't
find its way to go higher.

That's why I said that we got
to be focusing on the sell side

liquidity and he goes, I still
think this market's still heavy.

And even with the strength today, I
mean, look at the dollar index here

and then go back to the dollar cat.

It looks sick.

It's lethargic.

So when the market wants to sell
off in the dollar index, this is

going to be a pair that should move
aggressively lower because it's

already predisposed to move lower and
it can't find strength on the upside.

So we're keeping them
focused still down here.

Now it changes.

Should we get above these
candles in here show.

Now watch this.

If we have this low and we have this
high and we retracing back down into

this area here, we filled in this area.

All this up candle, all buy-side
delivery now has been balanced

out with sell side delivery.

If we can rally above here, then
that would change the tune for this.

So in the longer term, and then we can
start looking forward to it, to make a

run up into this level up here around the
35, uh, 1 35 big figure area, because it

would, it would imply rather if we broke
above here, we to have a market structure

shift, then the daily would be bullish.

So then we could use a idea
we'll teach a lot about in March.

Once that is in alignment, we can take
all kinds of short term trades and

it also, once it breaks above this
high, it will also set your, uh, ideas

for taking longs on swing trades.

And you can make a run for the highs up
here in the bodies of these candles here.

So it could give us a lot more
directional bias outside of

what we've already aligned to.

Looking for just sell side liquidity only.

So basically what I'm saying is in
short, it's, we're going sideways

or we're going down below here
until this high is taken out.

I don't want to take a long in
this pair until we get a shift in

market structure that would imply
bullishness if this high's taken out.

And so that happens on
that, but we'll show $1 cat.

All right.

So Aldi dollar, we're going to talk
about this one a lot today, but this

pair has been relative strength buys.

It's been very bullish compared to the
dollar index dollar index trading up like

it has here should have broke the knees of
Aussie dollar technically, but it hasn't.

And the reason why is because of the
differential in interest rates, and

there's a lot of people around the world
that see the interest rate differential

between this and the dollar index.

So therefore there's going to
be money pouring into this.

Okay.

And I gave a question, um, couple of
weeks ago and also gave a question

when I first started talking about all
the back end, the middle of December.

And I stated that I really like
Australian dollar, and I want you

to study why I like that one over
top of the New Zealand dollar.

And some of you answered that question
correctly and email you tweeted

it, but, uh, I'm gonna pose it to
you right now while we're talking.

Why would you say, why would you think
rather my election of supporting the

idea that Aldi dollar is the better
buy over New Zealand dollar, both

have differentials that are positive.

Their interest rates are much higher than
every other country around the world,

as it relates to majors and four X.

That's what I mean, not because I know the
interest rates are higher, obviously, but

I wouldn't invest in there for currencies.

We'll come back to that question, but
for now we're consolidating still.

And I really think that 77 50
still is in the cards or this

winding it up, keeping it tight.

It can't break down every time it does.

They find some, some buyers and they
keep it in this tight little range.

Now think about what was taught to you in
the, I think it was the first discussions

of, uh, I think I, if I'm not mistaken,
I think it was market maker where you

have a level that starts to, um, present
resistance or has presented resistance.

Like we have back here.

Okay.

And then price starts consolidating
or like moving sideways.

Hasn't traded up to it yet.

It could be a, uh, it could be
an old high, it could be a bear

shorter block, but when prices
and consolidation, just below that

level, it's like it's crouching.

Okay.

Or winding up like a spring,
imagine, uh, a spring in your hands.

Okay.

It's already coiled up anyway, but
if you twist it even more in the

direction, it's formed it compresses
and finally gets to the appointment.

I can't compress anything.

And when you let go of that bad boy,
it's going to take off well, that's the,

that's the effect that's happening here
is it's basically coiling and in tightly,

tightly ranges, then all of a sudden, when
it can no longer be held in that range

anymore, it can't be consolidated anymore.

It's going to expand quickly.

And my question is, what
direction has it been going in up?

What level has it left?

Untouched?

The buy-side liquidity over here.

So in terms of path of least resistance,
is it more likely for this payer to crash

down and hit the sell side liquidity?

Or is it more likely to have to
expand up and hit the 77 50 to

maybe even expand up to the 78?

Clearly it's leased.

The resistance is here.

You have more distance down here and you
have all this market structure behind

you implying that the strength is there.

So if that's the case, it's
going to be them wanting to pair

their long exits at 77 50 to 78.

So we would expect one more drive
higher on this currency pair.

And it, it's a very supportive,

it's very supportive of the
idea that, uh, the expansion is

more favored than a breakdown.

In other words, we want to see the
bias that liquidity hit on this.

Now, again, couple this with, and this
is what ha this is what gets folks stuck.

I get a lot of email from folks that
are outside of this mentorship group.

And sometimes folks will say,
look, you know, I'm looking at

it and it ain't making any sense.

These are the times where it
causes this break in the normalcy.

You have dollar strength to
therefore across the board.

You should already be thinking
weakness on foreign currencies.

That's the general premise, but if there
is a pair or pairs that are bucking

network, It's telling you that there's
relative strength to that payer and

rail in relative terms to the dollar.

So in other words, as the dollar
index has been trading higher.

Okay.

Since, um, beginning of February, if
that's the case, then we should have

been seeing weakness from February, but
we've seen strength, Dennis, that see

that on this, uh, frustrating February.

It actually rallied.

And then the second it rallied even
harder and we've maintained bullishness.

We've consolidated.

We have not broken any major lows.

Okay.

And we're right below and layer an
area of an old high, not dimension.

If we go out to a monthly, we
have these equal highs back here.

Okay.

And it looks like it's very easily
wanting to expand up into that area.

So while New Zealand dollar had
initially had its bullish, And it was

able to be, uh, bought on swing trades.

Now this one is finally getting in
sync on a longer-term basis where

while it looks to consolidate in
here, if we go out to a weekly or

drop down to a weekly, I should say

we're seeing much more willingness
to see it expand upon these equal

highs and maybe even challenge,
like I said, the 78 level back here.

So we're, we're pausing, consolidating
potentially one more time, expand

up and reach up into this level.

Here.

We also have a bearish or block
back here on a weekly level, and

it comes with the low of 78, 76.

So we could still see much more
movement if it rolls through these

highs and this high, we could
see a trade up to that level.

I want a longer-term basis,
despite what the dollar index is.

And that's why it's important
that you always take a look at the

differentials on the interest rates.

You can simply go over to Forex
factory.com or do a Google search

on world currency, interest rates.

And you'll see that, you know, all
is in New Zealand dollar are by far

and large way ahead of everyone else
in terms of their interest rate.

And that's why you seen that these pairs
have done well even against the dollar,

but finally the New Zealand dollar
broke its legs and had to go lower.

But, uh, the Aldi has been the leader.

And I'm going to talk about that in a few
minutes, but let's get through the final

analysis and then we'll go over to, uh,
your pound gold and silver, and then we'll

come back to all his, he has a discussion.

Uh, so we're looking for, uh, we
have a small little liquidity pool

wrestling still below this low.

I like the fact that we
didn't tag it yesterday.

It looked like we were
going to expand through it.

Didn't do it quickly rejected that.

And now we're back in the
middle of the consolidation.

So again, we're focusing on this
payer wanting to likely expand

up, even if the dollar rallies.

Now, if we have a big run into
that, one-on-one 60 on dollar index

here, which still is in the cards.

I, something we have not very many pips
that were points to get to that level.

It probably we'll wait for that.

And then once at 1 0 1 60 levels hit on
dollar, if dollar can pause or consolidate

or have a little bit of a retracement
that will give the green line, go for this

pair that really pop up or not, not that
77, 50 to 78 big figure out, uh, once it

gets there, then we could get some measure
of retracement because really, if you

look at what's happened here since this
run, uh, December, or was it January?

Yeah.

December starts, uh, the route.

We have had not one single run on
liquidity on a daily basis or chart

that no new runs on cell stops at all.

So if we can run up here and not
take out any lows, think about

what I'm about to tell you now,
because this is a really important

information, not paying attention.

Stop for a second and really dial in
on this because the daily chart has

had zero runs or dips below any swing
lows to take out, sell side stops.

Okay.

Or knock out bullshit traders.

They ha that hasn't happened yet.

So if we run from where we're at now,
and don't take out this short term

low, if we run up to 77 50, okay.

We expect it to come
down pretty aggressive.

At that point, if it traces 77 50 and
doesn't pause or reject, it's going to 78.

If it gets to 78, we will look for
a serious drawback in or retracement

then, and it will, it'll seek some
short-term load and knockout stops.

Now here's, here's what I want you
to think about since we have had no

breaks below any short-term loads
on the daily chart, that means

all the trailed stop-losses are
getting brought up really tight.

They're right under here.

And right under here now funds
are going to be back here.

Short-term bulls or weaker bowls
that don't want to have any kind

of real retracement against them.

They're going to have their
sell stop below this low here.

I would have rather seen it
come down yesterday and take

that out and then rally away.

Cause then that would really bolstered
my idea about that 77 50 level being

just a speed bump and then 7,800
would be the ultimate objective.

And the reason why I say that.

They would have unseated the
bulls by taking their stops out

here, picked up some more longs
at a, basically a 76 level.

So that would give us another 200 point
rally potential to get to 78 and there

they would be looking to unload their,
because they have not taken any cell

stops out on the daily chart, given
that, uh, condition there's been no

run on liquidity below the marketplace.

So if we hit a higher timeframe level
like this back here, there's going

to be a whole lot more sellers to
take profit and they won't have any

self stops below the marketplace.

Th the, the liquidity pools below the S
uh, short-term lows will diminish because

of their profit taking at that level.

So if we would have seen yesterday
trade down and take out that short-term

low and then be back we're right now,
that would be very good for 7,000,

but because we have not seen any runs
below the short-term loads on the daily

chart, stops are really trailed up.

They've locked in.

So that means if they get to this level,
a great deal of re uh, retracement could

be expected because of major profit taking
there has been no runs on any cell stops

below the marketplace on a daily basis.

So anyone that's been long all through
this, uh, two month or so, uh, rally month

and a half rally, um, they locked in a
good deal of their, uh, their profits.

So if we get up to that level and it
fails, we will see a great, a great LAR,

a larger degree of retracement or sell off
because profit taking won't take place.

And then to get to those sales stops,
they're going to have to run a great

deal more to get down below here.

And if we all take the short-term
low out, it would immediately go

for that level and the 75 90 level.

So just keep that in mind,
Euro pound, uh, this pair.

Oh, there was sweet below these lows
over here and now we're back above it.

So I'm not sure what this one wants to do.

Um, and it's all because of the
cable, uh, cable to me while it's

still, you know, relatively bearish
compared to the dollar index.

I don't trust it.

And when cable can be very sneaky,
so, or, or watching that 2340 level

to see what, uh, what the reaction
is, if at all, um, I'd like to see

again, get back up into that 24.

Uh, right now we're trading at 2390.

So we've gone below the 24
big figure, which is good.

But if we make straight run through
here, then we have to watch this movie.

I don't think it's going to go
down below 2340 and then come

all the way back up to 24 20.

I don't see that having, I think if
it comes down here, it, if at all, we

don't get any retracement to 24 20.

It will come back maybe to 2340.

And that would be our opportunity to
get short and make a run for this level.

And then here in closing the gap, But
Euro pound, uh, this could still just

be consolidated, but ultimately I'd like
to see it get down to this level here.

83, 40 gold.

We mentioned it was going
to be hard for it to rally.

Uh, if we seen some dollar strength, if
dollar would've consolidated that would've

given us the opportunity to get back
up into at 1250, it has not happened.

We have a little bit of bounce off
the level we had called before.

So while it didn't create a swing trade
idea did give a profitable objective or

opportunity for a short term little idea.

But again, I don't talk too much
about that because that's not the

scope of this month's content.

So we'll be watching this level.

It's noted down to the bodies.

The close comes in at 1217.

So we're going to be watching if
there's any support found there,

it may not be, don't expect a whole
lot, but the that's the structure.

Of the market rate in here, this old high.

So be mindful of what
we see at that level.

If we see dollar punch up that at 1
0 1 60 level, which will now you go

just did it well once through it.

Now with that having done let's keep
our eye on that gold market now, really?

Cause I was going to say this very thing.

If we get the 1 0 1 60 or, or punch above
it, if we hit this low and go, I'm sorry.

If dollar index retraces or
sells off there, that level

here could be some, uh, support.

And that may be a good area to watch some
kind of a short-term low form, but given

the dollar index strengthen here, if we
start to expand, now we have a new level.

We have to look at

again, disregard the WIC.

We don't care about this.

This was running for liquidity.

This is where all the
bulk of the volume is.

So this is where your
buy-side look what it is.

Now.

You're a dollar making a run for that
1 0 5 level almost so that's cool.

That's about to unfold a dollar
CAD again, look, we just don't see

any kind of upside movement at all.

Very lethargic price action, all
the dollar finally coming down a

little bit, but you would expect
that they're really be breaking down.

Hasn't done it, but if it does, and we
go below these lows again, be mindful of

this high, the buyers of these candles,
because that was the one we were looking

for for a swing trade for Aldi dollar and
still looking for that 77 50 to 78 big

figure as an upside objective don't sink.

I don't think we're topping
like this to even two, two.

Perfect.

Okay.

In terms of highs.

So there's a lot of folks that
are wanting to sell this payer

and their stops are gonna be
dressed above or at 77 big figure

that are just about 77 big figure.

So they're going to have by stuffs.

All through this high and this
level 77 50, and layered all

around that 77 big figure in 77 20.

So there's a big pocket of buyers up here.

Not because they want to buy on strength,
but because they're trying to sell it.

And anyone that has been short from
back here that longer term, they've been

waiting and hoping it distinct turns over.

And now they see this, this, okay,
well, I'm going to drop my stock

from above here, down to here.

So this is just building up a
huge, huge bullseye for the market

that run up there and hit that.

And that would be a perfect place to
offset all the long positions they

built in, in this, in this pair from
the last week of December, 2016.

All right.

So gold almost hit that level to
be watching that one and silver.

We have one more push
against the, the 1800 level.

Um, we had this or block we've already
almost, I think we've touched it here.

Haven't we?

Oh, seven.

Yeah.

We've had it in 1773.

Again, with the dollar strength.

It's going to be very, very
hard for this pair to rally.

And even though it's shown
relative strength to move with

dollar dollar shining today.

So with this strength in dollar
golden, silver got to put it's rally

on hold and we could be forming
a re a reversal of some sorts or

an enemy or longer-term height.

Again, I don't try to pick those.

I just look for the meat in between.

So gold and silver, just be mindful
that if they start to break down,

um, they could be runs on liquidity.

Like we saw here short-term low violate,
and then we had a nice leg higher.

So we have short-term lows.

I'm not so excited about this
little short term, low cause w

today's candle is still forming.

So this technically is not
a swing low on a daily.

This is, we have a higher,
low, and a higher low here.

So this makes us swing left.

So we have short-term sell side liquidity
resting below, below on silver at 1750.

So sell software 17, fifth,
so we could see a 26 points.

The client, if dollar really rallies,
it could be, it could still be

good for longer term silver bulls.

If it takes out this low and they can
say rejection there, um, I'd like to

see it consolidate, um, in here to
allow us an opportunity to, to keep

the market structure intact for this
payer or not payer, but this metal.

All right, so now let's talk about, uh,
why Aussie dollar was elected to be strong

as payer versus the New Zealand dollar,

the payer.

All the versus New
Zealand dollar, excuse me.

I apologize.

My voice is failing me this morning.

The Aldi versus New Zealand dollar
is much like what we look at

when we look at the Euro pound.

Okay.

So if we're looking at closely correlated
pairs like your cable, um, they, or

you're a dollar in British pound and
say it like that, the same premise

is applied to all the New Zealand.

Generally, these pairs move in tandem,
not always, but generally they do.

When this pair has a technical outlook
that implies that it should be bullish

again, being all the New Zealand, if
this pairs bullish or is at a level

that will be bullish, or you anticipate
bullishness that is strength for Aussie

dollar and weakness for New Zealand,
or it could be strength for all.

Or consolidation for New Zealand, or
it could be weakness on the part of New

Zealand and consolidation on Aussie.

So there's several different things
you have to go through there,

scenarios that you have to go
through and look at your technicals.

And the same thing applies
with the Euro pound.

And that's the reason why
you're a pound is kind of

making a hard for me personally.

And I've got no shame in telling you
because the conditions that you go

through to trade these, uh, um, not
trade them, but you, the analysis

concepts, it's mixed the pictures mixed
on all fronts with this currency pair.

I'd like to see a trade down
here and we've been talking about

that, but it doesn't have a real
clear, easy market structure to

work with and it's making it hard.

And the reason why is because of
cable cables really made it difficult

to read this one, but in contrast,
it's very easy to see what you see

on the Aussie New Zealand pair.

If you look at what we've seen back
here, we have a nice little rally up.

Okay.

So it has been a real big displacement
on the daily chart from this low here.

And I want you to think about this
and it's the same idea as you're

going to apply when you're looking
at the Euro pound and you're

going to be looking at, with, uh,

all the New Zealand going forward.

So when you look in a trading pair, like
for instance, if we were in a room and

I asked everyone to raise their hand,
say, okay, look, are we all, um, how

many in the room would raise your hand?

If you have a day job or you own a
business and you don't have time to

get in front of the marketplace, Um,
but you have all the evening hours

from like five o'clock to like 10
o'clock in the evening, New York time.

Okay.

Or the Asian market, basically,
as some of you, invariably

would say, okay, that's me.

That's what I would be doing.

Well, if that's the case, then
you would be not trading Euro

and cable as your go-to pairs,
you would be trading in pairs.

And I don't know what I'm saying that
word again, but you would be trading in

payers all the in New Zealand because
of the type of, uh, pairs that they are.

They're they're generally, if they're
going to be active, if there's any,

any pairs that's gonna be active in
that time of day, the Asian session,

it's going to be that Japanese
in New Zealand and all pairs.

So if that's what you're gonna be
looking for, and that's what you want

to be really focusing on dialing.

Well, generally the Eden session is
not that exciting, uh, for these pairs.

That can be not always, but it can be.

So if there's any fireworks or
explosive market action in Asia,

it's usually these three pairs
again, yen New Zealand and Aussie.

So we've seen price trade away
from this low down in here.

Okay.

And we drop out to a weekly.

Okay.

Here's the here's that low.

It worked off up, but now locally
we have here, we have a weekly, the

last down candle, right in here.

All we're doing is applying all the
things we've been teaching right here.

So we have a weekly order block.

We have a short-term lowdown here.

We have price RA showing a
willingness to run stops here.

So if we trade back down into that,
are we expecting it to run this area?

Why?

Because it's already shown.

It took stats out back here
and it had displacement.

It rallied high, came all the way
back down, and there was some more

buying at this order block some
more and dipped into it right there.

Now watch if we watch it or blocks or
levels of where price has been bought

aggressively and can be defined in a
candle here's equilibrium right there.

So now we can take that level
and drop it out to a daily.

Yeah, it's a little bit
busy, but here's equilibrium.

What are you doing here?

And we're going to remove the fifth.

Okay.

So here's your level crunch
up a little bit more.

Okay.

So here's our weekly order block.

Short-term low and right
below these bodies, these

candles as a rejection block.

So you want to see price reach through
that can always go through the Wix.

But once this happens and we get a
rejection and it rallies through, if

our timeframe that we're using to set
up our trades are monthly, weekly,

daily, and we execute on a four hour.

Okay.

This down candle would be what you'd
be looking to trade on or the four

hour, because you have your set up
here based on monthly and weekly,

weekly being a bullshitter block.

Did we get some movement off of that?

Yes, we did.

Okay.

We have a daily bullish or block here.

The body of the candidate, it moves
at least two or three times 1, 2, 3.

It does it on this candle.

So this is qualified as
a bull shorter block.

Now we can take that level and move.

Here, hang on one second.

Okay.

So we have the order blocking here
on a daily basis to rejection on a

weekly to all here, we have strength
expected bullishness on this pair.

The name of the currency is
Aussie versus New Zealand.

So if upside is expected on this
payer, that means Australian dollar

is going to have relative strength.

Now, are we seeing that?

Okay.

Are we seeing that in
the Australian dollar?

And are we seeing that in New
Zealand dollar, let's go over

to the New Zealand dollar.

Excellent.

Give you a fresh chart on New Zealand.

Okay.

New Zealand dollar has rallied.

Yes.

Aussie dollar.

And where are we at here?

All of the dollar.

We have rallied it.

Yes.

It's rallied.

So have we seen a displacement on,

oh, in New Zealand at this
point here on this candle.

It's February.

Yeah.

February 7th.

So February 7th, we have
Australian dollar here,

right there.

There's the retracement down.

And there's been bullishness here
on this pair and on the seventh of.

New Zealand,

that's it creating a high.

Now remember what I was saying earlier
when you're using these payers?

Okay.

If there's bullishness on Aussie New
Zealand, that means the scenario is

bullish Aussie dollar week, New Zealand,
dollar or consolidation for all.

Um, I'll show you a dollar and
weakness on New Zealand, dollar

or rallying and New Zealand dollar
and weakness on New Zealand.

We're seeing the weakness on
New Zealand and their relative

strength in Australian dollar.

Now, back here a little bit later in the

last week of December,
we had New Zealand army.

Just like we have here and on the
OZO Aussie New Zealand pair, we see

that happening here, that short term.

Well that same time, that was the
first time it was trading aggressively

into that weekly order block and
taking out daily short-term lows.

So the same scenario we're
seeing here right here, we just

saw that same thing here, equal
lows candles went down below it.

That's why I was saying that we would see
Australian dollar strong overdue Zealand

dollar and coupling it with the interest
rate differential because all the in New

Zealand have high interest rates compared
to all the other foreign currencies.

And we have price have displacement here.

So we saw two instances.

We saw that the Australian dollar,
um, becoming strong here, even though

that New Zealand and Aldi moved into.

Basically from the last week of
December, 2016, and it rallied both

higher, the online strength because
of this pair, all the New Zealand.

If you're going to be a buyer, you
want to be buying Aussie dollar.

Even though that New Zealand dollar had
a little bit, slightly higher interest

rate, they're still both strong compared
to the dollar, but because of this pair

and the alignment of these equal lows and
it running out that, that low here and

we're in a weekly order block, that was
the reason why I told you all to go in and

study why I selected all the dollar over
New Zealand while both would be moving.

Bullishly the New Zealand dollar
has really took a hit here.

And it's showing also in a way of
using it all the New Zealand dollar,

because yes, we have one more surge
higher on this pair because of the

underlying strength and Aussie.

And you've seen no real
breakdown on Aldi dollar at all.

Now that be.

And into the, uh, the mix here shortly,
it could be, could happen today.

It could see it crush and break down.

But I ultimately think we're going to see
77 50 because of what I'm describing here.

I think because it won't
break down, it won't go lower.

The technicals are still
supporting this thing to go higher.

Even against this run with
the dollar being bullish.

Like we've been looking for
that one-on-one 60 level.

So in your notes, when you're
looking at payers, okay.

If you're seeing pairs that are
just having a real hard time

getting in sync with what, what
the dollar should be telling you,

they should be doing all words.

All foreign currency should be bowing,
their knees to the strength of the dollar.

It just, it goes without saying
that's the normal procedure, but

because they may not be occurring,
that fact is highlighting something.

And it may not be a direct
link to that particular payer.

For instance, we've seen strength in
Aussie while we know in relative terms,

the correlated pair with that currency,
all the, is the New Zealand dollar.

So if that's the case, if the Aussie
dollar is relatively strong against the

dollar, then that means that if there is
no bias occurring in Aussie, then there's

gotta be what happening in New Zealand.

I'm asking for interaction
on this part here.

Exactly selling.

So if you're seeing relative
strength on Euro pound, okay.

Think about like this.

If you see a buying opportunity
on Euro pound, okay.

And Euro is not going down.

Okay.

It's not having, it's not going
higher, but it's not going down.

What would that mean for the.

Very good selling.

Very good.

Now, if that's, if we have the same, uh,
idea with Europan being bullish, okay.

If the technicals for that pair are,
are bullish and the Euro is rallying.

Okay.

If the Euro dollar is rallying and
Euro pound is bullish, technically,

what would that imply or what you would
anticipate seeing in the British pound USD

consolidation or down, but most
likely going to be consolidation.

So you always want to elect to if the,
if the pairs like this, like Aussie New

Zealand or Europan are clearly bullish.

One-sided one, one direction,
whatever that they're a payer is

saying, if it's going to be higher,
that means Europan most likely

is going to want to trend higher.

If it isn't true.

That means that that cable is
going to be trending lower.

If the Aussie dollar against
the New Zealand dollar it's

bullish and it can't rally.

That means that if all these in
consolidation, then you're going

to be trending in New Zealand.

And what direction would it be

downhearted?

Right.

So now, if we look at these
things, don't be discouraged.

Okay.

If you're looking at the marketplace,
cause sometimes you're going to get

mixed signals and sometimes that's
going to cause you to have to sit

on your hands and that's okay.

There's nothing wrong with that.

There are still other markets moving
around, but they have to wait for them

to come to you, come to their setups.

But I get emails a lot about why
certain things are occurring.

And one of the questions is why
is Australian dollar going up?

When the dollar index is going higher,
is that a breaking correlation?

And the answer is yes, it's a breaking
correlation, but it doesn't mean that

the markets are doing their own thing.

And therefore four X is broken.

It's this showing you relative.

Strength is seen in that.

I'll show you a dollar.

So you don't want to be
selling Australian dollars.

What I'm saying you don't ever
want to sell those types of pairs.

Just like we don't want
to sell all the CAD.

I'm sorry, not Aldi, cat, um, dollar cat.

When we were looking at dollar CAD,
even though we've had, um, I said

that backwards, we don't want to
be buying, let's say it like that.

We don't want to be buying Aussie.

Good grief.

I'm tongue tied.

Then the relative strength that would
be expected in this dollar based

payer against the Canadian dollar,
your, uh, your chart on a daily

sheet showing the same thing here.

There's no.

Uptrend or movement higher in
sympathy with the dollar index

theme in your dollar CAD pair.

Because of that, we do not want to be
buyers of this pair when the dollar is

bullish, but we would be more inclined to
sell this pair at times when the dollar

is bearish, because it's already showing
a willingness to want to go lower and a

lack of participation on upside movement.

I mean, this pair should be screaming
higher because of the dollar rally.

And if we look at the, uh, we out here,

here's the a dollar versus the yen.

Nice rally it's, it's
moving up a great deal.

It's nice.

But if you look at the pair of
stylish, swissy, it's showing

strength as well, but the dollar.

With the Canadian dollar
is not showing it.

So just because we trade down here
at an area where it could be viewed

as, and I don't like it, cause it's
got a lot of Wix, but say it didn't

have all these wigs and we just
have one nice clean down candle.

If it would have traded down
to that level here and hit it.

I still wouldn't be bullish about that
because of the premise that this dollar

based currency coupled with the Canadian
dollar is already showing weakness.

And you don't want to buy weakness.

You want to buy strength.

You want to buy relative strength.

So if you look at every time that the
dollar rallied and created down candles

and compare that, and this is your
homework for today, compare that with

the dollar yen, the dollar swissy and
couple that idea with the dollar cat.

And you'll see that there's lethargic
price action in this pair when it

should be buying and their strong
buys in the dollar yen and dollar

swissy when the dollar has created
buying opportunities on its own basis.

Okay.

So when we look at the, uh, um, all the
payer and the New Zealand payer, these

may be mindful that using the Aussie
New Zealand pare as an analysis tool,

like we use europium, that will help
you decide what you should be doing.

Especially if you're going
to be doing anything like a

short term or a swing trade.

It's not.

So in my opinion, it's not so
sensitive on an intraday basis.

It can happen sometimes, but it's
usually too short of a timeframe.

Uh, they usually use hard timeframe
movements to manipulate that pair.

So just use that also as a kale, because
you're using pairs that are traded in

Asian session and because the Asian
session can be rather choppy in its nature

is consolidation because it's setting
the initial high and low of the day.

So be mindful that you'll
get a lot of noise.

If you're looking at like that on
a 15 minute basis, the Aussie New

Zealand payer for analysis concept.

Just be aware that it can be very
noisy and you can be tripped up

and looking at that low timeframe.

But when you start looking at like a
daily chart, it's usually pretty solid.

They'll give you a lot more understanding,
but, um, the issue with the dollar cat.

Yes, Mike, it's all based on, uh, Canadian
strength relative to the oil market.

And that's it, man.

Um, let's take a look at gold
real quick and closing gold so

far is holding at, uh, 1217 level.

So we'll see if it is able to maintain
that it can dip below that and still

be relatively okay with, uh, like I can
trade down into this down candles open

now is they can go to 12, 10 is spot.

It can spike to 12, 10 and be okay
if we lose 1200, that's not good.

We'll probably make an, a run for
liquidity below these candles in here.

So the liquidity.

Sell-side liquidity trusting below
here at, uh, 1190, we sell side is

by stops and liquidity is at 1250.

Nothing changed there.

Um,

I don't know what you
mean by that, Tanner.

Um, what slide are you talking about?

Silver.

We already talked about it's
holding its or block as well.

Sell-side liquidity.

Um, I don't like it.

So close here.

I mean, it's a, short-term low.

I think if it's going to go down for any
stops and really make a run for them,

it would be at the 1750 to 1740 level.

All right.

So, um, I do not look at any divergence
with gold and silver, but I did look at

the virgins for gold against the dollar.

You'll actually hear me talk about
that in this week's teachings.

Um,

nothing yet for the call
option idea for silver.

Now,

Kenny, I got your questions on Twitter.

I will be going through them.

This.

So if you haven't, if you got
questions, let's go through.

Um, but I'm on Twitter and send me a
link and then I'll get to them tonight.

Uh, Dow Dow.

That's good.

Let's go over to the dowel real quick.

Hang on one second.

Let me toggle the screen to the explore.

Uh, the last time I updated
you on the stock and deceased,

I said that we were down here.

We said we're probably going to rally.

Um, and probably was like on your chart.

Like it does mind.

It's rally a little bit.

The, uh, I like the idea that it's
aggressively doing that to me.

I'm hoping this is
capitulation and capitulation.

Capitulation is, uh, that last little
bit of, um, just everything's great.

You know, this is perfect.

Everything's going to go higher and
yeah, we call the higher, big deal.

I am not chasing this.

I don't believe in this rally.

I have no faith in this.

Um, I just think this is
all more lipstick on it.

Now, again, I said that we could
probably go, you know, another

thousand points above 20,000
earlier in like the fall last year.

I said, if we get to 20,000, that's
a love we got to watch, but it can

go to 21,000, but I'm more inclined
to wait for the breakdown in here.

I want to capture the mood going lower.

I do not see this personally.

I don't see it as a multi-year low where
it's going to just keep on going on.

I don't think we have that in the cards
is way too many things that can go wrong.

Um, really just pay attention to what's
going on in our government right now.

And there's a lot of dysfunction
and it's going to cause a

lot of people to freak out.

As soon as we get one big down day,
it's going to be a massive Exodus from

equities and it's going to be so quick.

And so sudden you're not
going to get, but once.

And that's why I'm only
focusing on the breakdown.

If you're, if you're S and P trader
or a dowel Jones trader, you know?

Yeah.

You're riding, as we told you
was going to go higher, but

don't fall in love with this.

Do not fall in love with it because
it's going to, it's going to turn

around and blame it in the rear end.

There's a lot of issues with, uh, you
know, um, well, you know, I don't think

this has nothing to do with Donald Trump.

You know, they call it the Trump
rally, whatever, to me, I think

that this was going to happen.

Whether Hillary would've got in there
or Bernie would've got in there, uh,

all this stuff is being beautifully
outlined in an orchestrated with

the storyline or backdrop with.

Donald Trump caused all this, you
know, when it comes to, uh, to,

to, uh, forefront of everybody's
understanding that China's dumped all

of our treasuries and that, uh, the
middle east is getting ready to dump

all their, uh, their holdings as well.

Um, they have to sell
it when it's rallying.

So anybody that's looking at our economy
with questionable, uh, viewpoints, this

is the time they're going to be baling.

They don't sell it when it's dropping.

That's when the public sells,
they sell it when it's rallying.

So if they're really
pushing it higher, okay.

And if they're all saying, look,
you know, interest rates are

going to hike up the fall market
doesn't want higher interest rates.

It doesn't work well
in high interest rates.

It will always say no way.

I don't like that and go down.

So for them to frame the idea, oh
yeah, interest rates are, we're

going to be really raising it.

And in the say, okay, that's the
reason why the market's rallying

that doesn't make any sense.

It's stupid.

That doesn't, that's not how it works.

Higher interest rates.

That's not what they would want because
stocks are going to be affected by that.

And we talked about this
already in regards to interest

rates in the bond market.

So given that let's take a little
field trip over to the bond market

already, you should be
like, what the heck?

All right.

So here you go, you got the
bond market and I'm telling you,

I cannot stress this enough.

The more they pushed us up, the
harder this thing's going to fall in

terms of the equity market, it's this
unbelievably bad news for stocks.

You want to be seeing the bond market,
you know, When stocks are rallying, this

thing keeps selling off, selling off.

Now we're selling off again.

Why, why would anybody want to be
buying stocks in this condition?

They get wrapped up in the storyline.

Everyone that's buying stocks right now.

They're all chasing headlines.

They're chasing MarketWatch.

They're chasing, you know, Motley,
fool, mad money, whatever fast

money where CNBC's talking about.

If that's the stock to buy, that's
it, they're pouring money into the

leadership is only on a few stocks.

If you look at really what's
going on in the major averages,

it's only a handful of stocks.

That's really driving the market higher so
that when you can see these averages going

up like this, there's a lot of stocks.

That's not making higher highs.

They're not doing it.

So if we're seeing that and the
backdrop is this fundamentally

interest rates are going higher.

Bonds are saying, I'm not a part of this.

Think about it.

Look at what's going on in
the bond market right here.

That's not bullish for stocks
now because we talked about this

in the macro content in January.

Yes.

It can take six to 12 months to come to
fruition, but the Piper will be paid.

You're going to be, you're
going to deal with a great deal

of retracement and go lower.

Now, here's the, here's the, uh, the
real rub in this worst case scenario.

Then I say that in sense that we
have to wait for the sell-off.

It could, it could go
all the way till July.

If this scenario continues like this
bond keeps selling off and the stock

market keeps finding ways to go
higher and they keep pricing it up.

We already know seasonally that July 1st
weekend July makes the high the market.

Right.

So if we have a seasonal tendency
for July, the creed, a high in the

equity market, we could reasonably
expect this thing to consolidate

or trade higher up into that point.

Then we'd have what an overlapping
or convergence of the seasonal

tendency to create a high.

The market will be probably pushed
all the way up and to that point.

And who knows what the high will be.

I'm not trying to pick the high notice.

I did not say any levels.

I'm not calling levels when I'm bullish.

I always give you levels.

I'm reaching for, I don't
have any levels to reach for.

I'm more focused on the technicals
when they start breaking down,

because if a technicals breakdown
that is when technicals are in

alignment with the fundamental basis
that this thing is going down, it's

going down really hard and quickly.

And if you are in front of it,
or if you're in there, you're

going to get this aerated.

And it's just, it's
it's, it's going to be.

And it sounds like chicken loyal, but
I'm telling you, you mark my words

that you're, you're seeing the DNA.

Okay.

The anatomy, the, the,
the, the, the forensics.

Okay.

We're able to see it before it
happens, you know, after, after a

murder, you know, detectives come
in and say, oh, here, these are

the evidences of why it took place.

And here's the blood splatter
and all that business.

We're seeing all of this.

Okay.

We're seeing O'Jays globe before he
puts it on, put it, put it that way.

We know what's going to happen.

It's going to happen.

And the framework is the fundamental basis
of what's being seen in the bond market.

So I don't call upside
objectives on stocks.

I don't look for any kind of,
uh, objectives to tell you that

I think it's going to go up here
because we're in historical levels.

I don't know how far they're
going to drive this thing up.

And I think they have a lot of money
built into it, and they want to knock.

Out.

And they're not going to give
people a chance to let's get

shortened ride the bear market.

It doesn't work like that when they come
down aggressively, they do it quick.

It's an elevator ride, several
thousands of pips or points.

Okay.

Small little consolidation.

They give you a false hope
bounce, and then they take

the floor out from underneath.

Again, we probably won't get a
two-state two-stage on this one.

It would probably be so dramatic
that it's going to be over.

I mean, look, we had a flash
crash if you want to call it

a couple of years ago in may.

You know, and to me, I think personally,
that was a big telltale sign that a

lot of foreign investors were unloading
and they knew by doing that, it

causes too much of a telltale sign.

So as the markets are
rallying, they're done.

And as it rallies hard,
aggressive like this, I think

they're aggressively selling.

I mean, it's just, it's, it's smart money.

That's how we operate, you know,
and we have a really strong market.

That's rallying, the public sees that
as strength, we know this market's

been going higher, so therefore that's
where the smart money distributes.

So when we see this rally up in,
uh, equities, in a dowel surging up

like that, I don't see that as yay.

Breakout the pom-poms
and ticker-tape parade.

I see this is about to die
where we're near the end.

So anyway, I can go on and on and on.

Okay.

But I would really, really like to
see it hold off until middle of the

summer in July, because that would
give us everything in alignment.

The seasonal tendencies for one Winmar
when the markets should come down

seasonally and then man alive, if we can
get that little bit of a bounce in August

going into September, and then it just
drops out like crazy going into the fall.

That would be amazing.

That's what I'm hoping for.

If I could wish I want to star and get
that, that that's what I'm looking for.

That's what I'm hoping to see happen,
but don't fall in love with the stocks

because it's going to be a bad, it's
going to be a, it's not a love story.

Let's put it that way.

It's a hard flick and we're
just now getting to the plot.

Yeah.

Wish on a star.

It's an expression.

All right.

So that's the business.

All right.

So now going forward folks, I
asked you all to get a, my FX

book linked up to a demo account.

Um, I'm going to put, edit
marker here by showing of hands.

Okay.

By showing them number one.

How many of you have done.

Good.

Very good.

Um, I can't yeah, edge walk.

That was the name of the thing
I was trying to think of the

last time we did a live session.

I was thinking you could use
something other than in my

effects book, uh, edge walk.

I've never used one.

So I don't know.

I have no experience with it.

So, but I get a lot of feedback
saying, it's, it's a great product.

So you decide what you want to do with it.

But, uh, you want to have something
that's going to track apart from

you, just keeping a record on your,
your trading statements on your demo.

You want to be very systematic about
how you keep track of your things.

Okay.

Because now we're going to start going
into set ups and we're going to going

into, um, um, tracking your consistency,
your level of draw down, uh, how

much of a consistent back-to-back.

Exposure.

Do you have to losses?

How many consecutive wins
are you going to have?

We're in that stage now in, in this
mentorship where we actually start taking

setups, and I want you to feel what
it's like to go through that process.

And when there's a loss, how much of
an impact that's going to have on you

psychologically and how this is going
to help you mitigate those emotional

responses, because it's going to happen.

We're going to get in here and we're going
to take trades and they're going to fail.

Not because I want you to feel a feeling
trade, but to just it's going to happen.

So, but I want you to not
measure it on a one by one basis.

I want you to measure over the scale of
an entire month, how many sales sweets.

How many opportunities come
fruition, how much draw down

these opportunities present you.

Even when you get an exit that's
profitable, how much of a down

did you have to sit through?

How much time was it in draw down.

Okay.

So now we have a lot of application that
we have to start applying because after

this week's lessons, we're in it now.

I mean, we you'll have the
actual mechanics to go in to

actually look for swing trades.

So we will have everything going forward.

We have to have a look for the setups,
using everything we've learned in January

and everything we've learned so far in
February and coupling that with September,

October, November, and December content.

So we have a whole lot of
framework at the end of this month.

And then we have no excuse not
to be going through and finding

setups and you taking part in it.

If you do not participate,
you're not going to learn.

Okay.

So if you do not participate, you
will not get what you're paying.

If you do not participate by
tracking your statistics, either

by, uh, my effects book account that
you do not have to make private.

I'm sorry, you don't have to make
it public with everyone, but you

do need to have it because that way
you're going to be able to have proof.

You'll have documentation of
what you're learning works.

So that way, if you feel inclined
to share it with people in our

forum, you're welcome to do so.

I actually encourage that and
I actually encourage it when we

actually do have a series of losses.

Cause it's going to happen
when we have a loss.

I want you to share those, say,
okay, this is what I absorbed.

And I know this doesn't feel good
right now, but I'm trusting that the

equity curve will turn around and I'll
be at a higher high inequity another

week or two or three weeks from now.

That's how you get through this.

So just understand that we're
going into the interactive

portion of this mentorship.

So a lot of the theory has been put
behind us at the end of this week.

On Friday night, you'll have a
great deal of the content for

swing trading in the last couple of
sessions or teachings this month.

We'll just really frame out the
whole swing trading model for you.

And then you'll have your real
first trading model for, from

the, uh, from the mentorship.

And then we work into short-term trading
and then we go into lower timeframe

stuff, but you will know how to trade
by the end of this month because I'm

going to pull everything you've already
been exposed to, into one package.

And then that way you'll
know what you're looking for.

Okay.

So that's it.

That's the business for today.

I'm going to escape and go grab some
breakfast and I will be back later on this

afternoon with another, uh, short recap.

And I'll give you some
homework assignments for.

For this week as well, um, share
their, your two trade setups that

you've supposedly should have
been looking for for swing trades.

And then, uh, but there was in the forum.

The other people see
that interact with that.

And it's not a grading thing.

It's just keep you guys all inspired
and keep your gears turning don't.

Don't relate.

Don't wait for me to put another
video up, always be working, studying.

I appreciate it.

Thank you very much for your time.

And I will catch up with you
later on this afternoon until

then have yourself pleasant day.