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These are the user uploaded subtitles that are being translated: 1 00:00:00,360 --> 00:00:01,140 Welcome back. 2 00:00:01,560 --> 00:00:06,110 Um, we're going to break curriculum a little bit here today because a 3 00:00:07,230 --> 00:00:09,360 number of you are grown quite antsy. 4 00:00:11,100 --> 00:00:14,790 I think you're going through withdrawal for a lower timeframe stuff. 5 00:00:14,790 --> 00:00:20,040 So I'm tossing this in here to just to jolt your attention, because I know a 6 00:00:20,040 --> 00:00:22,290 lot of you aren't going to be trading. 7 00:00:22,320 --> 00:00:25,620 Long-term certainly take a look at some things. 8 00:00:25,620 --> 00:00:25,920 This morning. 9 00:00:25,920 --> 00:00:27,750 We have eight 30 noon. 10 00:00:29,060 --> 00:00:33,450 We'll take a look at, if you haven't checked your Forex factory 11 00:00:33,450 --> 00:00:35,490 or equivalent economic calendar, 12 00:00:43,150 --> 00:00:47,410 let's take a look at the Forex factory websites calendar. 13 00:00:51,910 --> 00:00:52,780 See what we see. 14 00:01:07,770 --> 00:01:13,560 Okay, you should be seeing the economic calendar for today. 15 00:01:22,600 --> 00:01:28,059 we have Canadian dollar and HPI and unemployment claims for the dollar index. 16 00:01:28,750 --> 00:01:32,440 So I'm expecting some movement for the CAD. 17 00:01:33,460 --> 00:01:36,399 Um, we have 11:35 AM. 18 00:01:37,865 --> 00:01:41,075 The speaker is going to be jawboning today as well. 19 00:01:41,525 --> 00:01:45,035 At one 10, we have FLMC member Evan speaking. 20 00:01:45,035 --> 00:01:50,465 So if we're going to see anything, it's going to happen in a flurry between 21 00:01:50,795 --> 00:01:55,235 eight 30 and I'd say 10 o'clock in the morning, and everybody will probably 22 00:01:55,235 --> 00:01:59,795 move to the sidelines from that point on and wait to see what everybody has 23 00:01:59,795 --> 00:02:04,385 to say in regards to the respect of currencies and countries, a 1:30 PM. 24 00:02:05,385 --> 00:02:08,115 British pound bank of England, governor Carney speaking as well. 25 00:02:08,115 --> 00:02:10,815 So, and it's tonight at 7:30 PM. 26 00:02:10,875 --> 00:02:14,235 Australian dollar monetary policy statement. 27 00:02:14,245 --> 00:02:18,045 So, um, I'm going to talk a little bit about Canadian dollar this morning. 28 00:02:18,375 --> 00:02:20,775 That's the one we're watching for the New York session. 29 00:02:21,405 --> 00:02:25,245 And depending upon what we do on an unemployment claims basis, the dollar. 30 00:02:26,040 --> 00:02:29,190 Uh, that'll give us some indication on what we may see tonight during the 31 00:02:29,610 --> 00:02:34,560 Australia New Zealand session, going into Asia around that seven 30 time. 32 00:02:34,560 --> 00:02:38,190 So we'll see, let's go back over to the charts. 33 00:02:44,520 --> 00:02:44,820 Okay. 34 00:02:44,820 --> 00:02:51,420 So this morning we had a little bit of a push on dollar higher, and then 35 00:02:51,420 --> 00:02:54,300 we're back to neutral state for it. 36 00:02:57,800 --> 00:03:01,430 And we have a Canadian dollar chart here. 37 00:03:14,180 --> 00:03:14,390 Okay. 38 00:03:14,390 --> 00:03:18,710 If we get an expansion on the downside could be looking 39 00:03:18,710 --> 00:03:20,690 for liquidity below this low. 40 00:03:23,625 --> 00:03:27,195 And the boxes you're seeing here are super secret sauce. 41 00:03:27,225 --> 00:03:28,095 I can't talk about that. 42 00:03:29,475 --> 00:03:31,875 Black coats in a straight jacket. 43 00:03:31,875 --> 00:03:33,225 So show up at my house about, do that. 44 00:03:34,995 --> 00:03:35,475 I'm just kidding. 45 00:03:35,475 --> 00:03:41,864 It's just that, um, that delineation from midnight to noon, New York time. 46 00:03:42,315 --> 00:03:43,245 So it's 12 hour window. 47 00:03:44,310 --> 00:03:45,540 I'll tell you how to use all that stuff. 48 00:03:46,110 --> 00:03:48,060 Then we get into this, uh, intraday business. 49 00:03:48,060 --> 00:03:52,230 But today we're just following along with, uh, price action, looking at some things. 50 00:03:53,760 --> 00:03:58,350 And I want to take a look at the Aussie Aussie, I think may want 51 00:03:58,350 --> 00:04:01,530 to run, to catch up with the movement that's been seen in gold. 52 00:04:03,030 --> 00:04:05,040 I like the liquidity pool up here. 53 00:04:08,850 --> 00:04:13,200 So that gives us a I'm 7 76. 54 00:04:15,300 --> 00:04:21,840 Point seven seven zero zero level like that level from where we are right now. 55 00:04:24,490 --> 00:04:29,170 So we could see that if we get the right conditions between this morning 56 00:04:29,170 --> 00:04:31,630 at eight 30 and seven 30 tonight. 57 00:04:34,220 --> 00:04:38,270 So when a monetary policy announcement comes out this 58 00:04:38,270 --> 00:04:41,205 evening, my time seven 30, PM. 59 00:04:42,135 --> 00:04:44,205 That may be an area it reaches for. 60 00:04:45,284 --> 00:04:56,234 So we'll be watching that, but looking for this this morning got about 17 minutes, 61 00:04:56,234 --> 00:05:03,474 16 minutes before unemployment claims come out, it looks heavy as it is now. 62 00:05:04,585 --> 00:05:06,234 So it may just make a straight run for it. 63 00:05:06,445 --> 00:05:07,495 I'd like to see it come back. 64 00:05:10,130 --> 00:05:13,760 Trade into this level here, you may give us an opportunity 65 00:05:13,760 --> 00:05:18,650 to a paper trade in move. 66 00:05:28,030 --> 00:05:30,520 And the reason why I had the box shaded around new. 67 00:05:33,780 --> 00:05:34,169 I'm sorry. 68 00:05:34,169 --> 00:05:38,969 Uh, midnight to noon is because that's when I told the central banks to 69 00:05:39,659 --> 00:05:43,049 be able to reach me anytime before they're, after that, it's just not 70 00:05:43,049 --> 00:05:44,250 a good time for me and my family. 71 00:05:44,250 --> 00:05:49,679 So I'm testing your attention this morning folks. 72 00:05:49,830 --> 00:05:50,219 Okay. 73 00:05:50,340 --> 00:05:52,500 And, uh, other than away from intraday action as well. 74 00:05:52,500 --> 00:05:54,780 So there'll be a little, uh, frisky. 75 00:05:55,500 --> 00:05:58,469 Uh, noon is usually the cutoff time for. 76 00:05:59,310 --> 00:06:03,360 And, uh, FX usually it's about to the end of the battery life 77 00:06:03,600 --> 00:06:07,230 generally, and midnight is when we start our new financial day. 78 00:06:07,230 --> 00:06:08,610 So that's the reason why it's blocked in. 79 00:06:09,030 --> 00:06:12,930 And if you look at the, uh, day by day basis, you can see the 80 00:06:12,930 --> 00:06:16,530 majority of the moves are always encapsulated by that shaded area. 81 00:06:18,135 --> 00:06:20,295 So that's the skinny on that. 82 00:06:20,295 --> 00:06:24,165 If you look at everything before, usually it's someone cumulation phase 83 00:06:24,165 --> 00:06:29,925 and everything to the right of it, or after it would be a re accumulation stage 84 00:06:29,955 --> 00:06:31,365 or where it goes into consolidation. 85 00:06:34,905 --> 00:06:39,585 Now there's a small little bit of institutional order flow 86 00:06:40,185 --> 00:06:41,325 off of this level in here. 87 00:06:41,325 --> 00:06:44,565 So you gotta be mindful of this one around that 31. 88 00:06:45,825 --> 00:06:47,594 10 to 31 big figure. 89 00:06:49,185 --> 00:06:53,805 So we'll see if we get any kind of support there that would cause us to come back up 90 00:06:54,104 --> 00:06:57,995 and get a retrade back into 31, 15 31 20. 91 00:07:00,075 --> 00:07:02,265 Don't want to take it too, too far ahead of itself. 92 00:07:02,565 --> 00:07:05,385 If it does, it's just a wash on day 30 announcement. 93 00:07:05,925 --> 00:07:09,765 We want to keep some range open that sort of frames, that opportunity. 94 00:07:09,765 --> 00:07:12,914 If the trades all the way down or it gets real close to it, it kind of makes the. 95 00:07:17,470 --> 00:07:20,320 Real quick, silver. 96 00:07:22,600 --> 00:07:24,070 I really like silver 18. 97 00:07:30,240 --> 00:07:31,200 I think it's poised. 98 00:07:31,650 --> 00:07:33,150 They run right back up in that level. 99 00:07:33,150 --> 00:07:33,420 There. 100 00:07:44,070 --> 00:07:47,580 Just a few more minutes and we'll have our fireworks 101 00:07:52,940 --> 00:07:53,210 check. 102 00:08:03,520 --> 00:08:03,820 Yeah. 103 00:08:03,910 --> 00:08:08,680 A few of you, uh, have been pretty pointed in your emails to me 104 00:08:08,680 --> 00:08:10,360 regarding, uh, when we got to. 105 00:08:12,565 --> 00:08:17,995 Well, I have analysis introduced, uh, when we get to that stage of our 106 00:08:17,995 --> 00:08:21,534 teachings, then it will be a lot of it. 107 00:08:21,534 --> 00:08:26,905 It's all a little bit, but we're focusing on hard timeframe, things that allow us 108 00:08:26,905 --> 00:08:31,015 to framework so that we, when I'm talking about the trades intraday in short term, 109 00:08:32,635 --> 00:08:35,605 I won't have to go through a whole long winded explanation and it won't be a 110 00:08:35,605 --> 00:08:38,755 million questions like it usually is like, if I go and click on the box over 111 00:08:38,755 --> 00:08:44,550 here, Yeah, it's just, non-stop questions is the flurry of everything online. 112 00:08:48,180 --> 00:08:53,400 So to avoid all that and to stick to the curriculum, we try to keep our 113 00:08:53,400 --> 00:08:59,690 focus on the topic at hand, but to break, break up the monotony out, I'll 114 00:08:59,690 --> 00:09:04,370 sit with you guys today to give you a little bit of the intraday perspective. 115 00:09:09,360 --> 00:09:15,720 Now there's not really much in way of a real excitement at this level. 116 00:09:17,280 --> 00:09:19,530 There is liquidity below these lows in here, though. 117 00:09:21,000 --> 00:09:22,620 We have layered short-term lows. 118 00:09:23,040 --> 00:09:28,970 Whereas we have a higher, low here, a lower, low, a lower low, and now low here. 119 00:09:28,990 --> 00:09:32,340 There's a lot of liquidity resting underneath this reference point 120 00:09:32,340 --> 00:09:36,450 here and notice it's also an old area at which price has moved away. 121 00:09:37,335 --> 00:09:38,295 And it's done it twice. 122 00:09:38,625 --> 00:09:40,725 So this has already been used up in my opinion. 123 00:09:40,995 --> 00:09:42,975 I don't think there's going to be a lot of orders here. 124 00:09:43,605 --> 00:09:46,365 There may be a draw to that level. 125 00:09:47,595 --> 00:09:48,045 Okay. 126 00:09:48,105 --> 00:09:51,855 And then we may bounce through I'm sorry, not bouncy bounce off of it. 127 00:09:52,485 --> 00:09:55,995 And it may become an area of short-term resistance up here. 128 00:09:57,105 --> 00:10:00,825 So kind of like think of it like a inversion level or mitigation block. 129 00:10:03,345 --> 00:10:06,655 If we get below this low of any significance, uh, ideally you 130 00:10:06,655 --> 00:10:09,235 don't want to see it punch right through it and keep on going. 131 00:10:09,235 --> 00:10:12,445 You want to see a trade down through it, come back up a fail at a higher 132 00:10:12,715 --> 00:10:15,895 level, and then go back down one more time through this level. 133 00:10:15,895 --> 00:10:20,695 Then we start eating into all this buy-side delivery to get rebalanced 134 00:10:20,695 --> 00:10:22,675 back down to these equal highs in here. 135 00:10:24,495 --> 00:10:25,755 So that would look like this. 136 00:10:32,895 --> 00:10:37,155 30 35, 30, 40 in that area. 137 00:10:41,955 --> 00:10:43,485 Let's take known this candle here. 138 00:10:45,345 --> 00:10:46,605 You're 30, 40. 139 00:10:46,605 --> 00:10:47,085 I like 140 00:10:52,735 --> 00:10:55,705 So we'll see in a few minutes, what we get in terms of the. 141 00:10:57,015 --> 00:10:57,945 My employment numbers. 142 00:12:23,055 --> 00:12:23,354 Okay. 143 00:12:23,354 --> 00:12:26,265 Take a look at British pound or cable. 144 00:12:35,954 --> 00:12:36,194 All right. 145 00:12:36,194 --> 00:12:43,665 So on the British pound, we have a really, really, really 146 00:12:44,145 --> 00:12:46,275 nice liquidity void in here. 147 00:12:47,830 --> 00:12:51,400 Now, inside this void, just to the left of it, we have a breaker 148 00:12:52,960 --> 00:12:54,160 chatting, mindful that now. 149 00:12:54,160 --> 00:12:56,020 So when you see something, something like this, 150 00:13:03,120 --> 00:13:03,990 there's your breaker. 151 00:13:05,760 --> 00:13:09,110 And we have price trade down here, here. 152 00:13:10,110 --> 00:13:10,740 Here. 153 00:13:11,730 --> 00:13:15,960 So from this low up to the close buy-side deliveries offer, but 154 00:13:16,170 --> 00:13:17,310 watch what happens over here. 155 00:13:17,910 --> 00:13:20,040 It's all leaving here. 156 00:13:20,070 --> 00:13:23,190 So even though we had some balancing outlet in this little 157 00:13:24,210 --> 00:13:27,690 WIC, we had the last up candle, which is the bare shorter block. 158 00:13:28,890 --> 00:13:31,770 So when price left this low from that low. 159 00:13:32,625 --> 00:13:34,275 Of the candle or green candle. 160 00:13:34,875 --> 00:13:37,785 That moment there that's what starts to sell side delivery only. 161 00:13:37,785 --> 00:13:40,005 So that's at the moment right there. 162 00:13:40,815 --> 00:13:41,505 You make this, 163 00:13:47,835 --> 00:13:48,945 this right here. 164 00:13:51,495 --> 00:13:55,905 It's a fair value gap from this low down. 165 00:13:58,335 --> 00:14:00,525 Then we got another exposed area from this. 166 00:14:02,375 --> 00:14:06,195 Starting to hear frame it. 167 00:14:14,505 --> 00:14:16,005 It had to go and move off that line. 168 00:14:16,005 --> 00:14:17,025 Like I hate when it does that. 169 00:14:17,595 --> 00:14:18,465 It very frustrating. 170 00:14:20,475 --> 00:14:22,395 So we'd left this low here. 171 00:14:23,385 --> 00:14:25,905 So from this point here down, 172 00:14:29,495 --> 00:14:31,535 To our present short-term high here. 173 00:14:32,615 --> 00:14:35,765 We have a fair value gap here, or liquidity voids, a little 174 00:14:35,765 --> 00:14:36,725 bit more of a void in here. 175 00:14:36,725 --> 00:14:39,335 It's a larger range, same thing here. 176 00:14:40,715 --> 00:14:43,025 So there, those are two upside areas at which price should 177 00:14:43,025 --> 00:14:45,245 reach up into the close in. 178 00:14:48,255 --> 00:14:49,335 So it looks like this 179 00:14:52,805 --> 00:14:53,805 there's our level and the upside. 180 00:14:57,000 --> 00:14:58,710 And our next level would be here. 181 00:15:00,689 --> 00:15:00,930 Okay. 182 00:15:00,930 --> 00:15:02,670 So that's how you get the level. 183 00:15:02,670 --> 00:15:05,819 Sometimes you see me having on my chart in the form of horizontal lines. 184 00:15:05,819 --> 00:15:11,460 Why they're there now, we're looking for the upside on pound dollar to 185 00:15:11,460 --> 00:15:14,130 reach up and trade into that area. 186 00:15:14,130 --> 00:15:14,730 Fill that in. 187 00:15:15,120 --> 00:15:17,280 But initially in short term, it would have to get to this one 188 00:15:17,280 --> 00:15:19,110 first and then close it in here. 189 00:15:20,579 --> 00:15:21,630 Very, very nice little. 190 00:15:23,319 --> 00:15:24,760 Pocket of cell side delivery only. 191 00:15:24,760 --> 00:15:27,280 So we'll be looking for price to try to reach up into that. 192 00:15:27,760 --> 00:15:32,470 It doesn't have to happen today and could potentially be something that 193 00:15:32,470 --> 00:15:36,010 ends up seeing a fruition by Friday. 194 00:15:36,700 --> 00:15:39,069 But if it doesn't do that, we'll be watching that going into next week. 195 00:15:39,069 --> 00:15:42,310 So this is a really good level to be watching if you are a day trader and 196 00:15:42,310 --> 00:15:45,189 you're not really following along and studying the hard timeframes 197 00:15:45,189 --> 00:15:46,000 like we're supposed to be doing 198 00:15:49,640 --> 00:15:51,110 okay, dollar cat, let's keep her focused. 199 00:16:21,689 --> 00:16:27,120 Yeah, about five minutes for economic calendar news events are released. 200 00:16:29,370 --> 00:16:31,680 Now we're below short-term low introducing on CAD. 201 00:16:33,300 --> 00:16:38,310 And what you don't want to see is you don't want to see a lot of give back below 202 00:16:38,310 --> 00:16:40,199 this low here there's been cell stops. 203 00:16:40,240 --> 00:16:41,790 We're already absorbing that. 204 00:16:44,189 --> 00:16:46,319 So you don't want to see it trade back up much. 205 00:16:46,680 --> 00:16:50,910 When the reports come out, you want to see, come up a little bit, have some 206 00:16:50,910 --> 00:16:55,829 difficulty there, and then immediately find some kind of a brick wall type effect 207 00:16:55,920 --> 00:16:57,780 right around this, this level right here. 208 00:16:58,620 --> 00:17:00,910 And what I'm highlighting is the last down candle, right. 209 00:17:00,930 --> 00:17:01,860 For the move in here. 210 00:17:02,670 --> 00:17:03,810 So they should be mitigating. 211 00:17:03,810 --> 00:17:09,520 Any of those buys that they used that saw a movement hiring. 212 00:17:11,944 --> 00:17:14,314 They should be able to pull them off or mitigate that. 213 00:17:14,675 --> 00:17:18,484 And that would promote freedom for the market to trade lower. 214 00:17:19,175 --> 00:17:29,205 And that would in effect, allow cable to rally Australian dollar rally 215 00:17:33,205 --> 00:17:33,804 and. 216 00:17:39,439 --> 00:17:44,060 I don't really care too much for hero heroes in a moderate now. 217 00:18:33,210 --> 00:18:40,830 Very nice introduction for dollar cat avoidant here came back 218 00:18:40,830 --> 00:18:46,130 up, close in that range, lower 219 00:18:49,970 --> 00:18:50,840 last up candle. 220 00:18:50,870 --> 00:18:55,550 Darren London came out, trade it back into that and rejected it nicely. 221 00:18:57,114 --> 00:19:00,084 Uh, we are, we're in the heart of New York now. 222 00:19:00,084 --> 00:19:04,044 So we're two minutes away from economic calendar. 223 00:19:04,044 --> 00:19:06,264 Again, I'd like to see what's this what I'd like to see. 224 00:19:06,594 --> 00:19:11,455 I'd like to see a trade up and hit this level here on the news, but 225 00:19:11,695 --> 00:19:13,915 then like really stop right there. 226 00:19:14,304 --> 00:19:18,415 I don't want to see it expand lower before the news presents. 227 00:19:18,415 --> 00:19:20,125 It's going to be indicating it wants to reach for. 228 00:19:21,345 --> 00:19:24,585 Liquidity and then pair that up and then run the other way or up, which 229 00:19:24,585 --> 00:19:26,205 is doesn't make sense for me in here. 230 00:19:56,060 --> 00:20:00,770 Just over a minute and then release of the news comes out 231 00:20:04,880 --> 00:20:05,150 quick. 232 00:20:05,150 --> 00:20:06,530 Look at the dollar index. 233 00:20:18,250 --> 00:20:19,150 Dollar stuck. 234 00:20:22,540 --> 00:20:27,280 We have by up, up here, sell SaaS below here and we're right in the middle. 235 00:20:28,570 --> 00:20:29,920 No real clear indication. 236 00:20:29,920 --> 00:20:31,720 What it wants to reach for intraday. 237 00:20:42,810 --> 00:20:43,500 Less than a minute. 238 00:21:19,470 --> 00:21:20,940 Okay, eight 30. 239 00:21:21,000 --> 00:21:24,060 We should see some volatility in here now. 240 00:21:57,410 --> 00:22:04,340 No significant movement yet from the dollar index cable still flat. 241 00:22:05,150 --> 00:22:05,330 All. 242 00:22:05,330 --> 00:22:08,680 Geez, give me a little bit, we're watching this level here on 243 00:22:08,690 --> 00:22:11,660 dollar cat, 31, 20 or thereabouts. 244 00:22:38,245 --> 00:22:39,025 Here's your level. 245 00:22:44,129 --> 00:22:44,850 Right to it. 246 00:22:49,150 --> 00:22:54,250 I want to see if there's any willingness to see it go lower from there. 247 00:22:54,310 --> 00:22:55,450 Does it reject that level? 248 00:22:55,450 --> 00:22:58,000 Does it hold there is dry through a little bit deeper. 249 00:22:58,240 --> 00:23:01,360 We want to see it react aggressively away from it. 250 00:23:03,160 --> 00:23:05,140 That would indicate that they're mitigating any long. 251 00:23:05,140 --> 00:23:08,800 Stay ahead in here and price would make a rotation, lower going. 252 00:23:09,899 --> 00:23:15,720 Potentially the 30, 77 or 1 30, 80 institutional level. 253 00:24:27,950 --> 00:24:29,480 To see the reaction at that level. 254 00:24:49,680 --> 00:24:49,950 Too. 255 00:24:49,950 --> 00:24:56,070 You have to watch this short term low on here below at get to show up 256 00:24:58,450 --> 00:25:03,670 31 0 5 of a trades, a 31 big figure can, it should expand down below and 257 00:25:03,670 --> 00:25:09,550 the algorithm should seek liquidity below in the realm of 1 30, 91 38. 258 00:25:12,255 --> 00:25:16,485 Anything above this level and here now the trades back above it, it's going to 259 00:25:16,495 --> 00:25:18,165 want to run the stops intraday up here. 260 00:25:31,965 --> 00:25:34,455 The dollar index is simply can't move out of where it's at. 261 00:25:45,250 --> 00:25:49,180 The people on the sidelines today, some big talkers today. 262 00:26:03,469 --> 00:26:07,280 It feels odd looking at these lower timeframe charts. 263 00:26:08,990 --> 00:26:14,750 I mean, I'm used to looking at the, uh, the daily chart now after so many weeks. 264 00:26:26,585 --> 00:26:29,285 Lots and see if this candle here, what's a flip and go bears. 265 00:26:29,285 --> 00:26:31,745 That would be nice because we want to see its willingness 266 00:26:31,745 --> 00:26:34,145 to get below this candles low. 267 00:26:35,105 --> 00:26:38,765 If it does, we want to see expansion lower. 268 00:26:38,825 --> 00:26:39,965 That's what we'd be looking for. 269 00:26:39,965 --> 00:26:40,655 We all want to see it. 270 00:26:40,655 --> 00:26:44,375 This tip it's head below that low. 271 00:26:44,375 --> 00:26:46,965 We want to see it run and start to expand. 272 00:26:53,625 --> 00:26:57,765 There's nothing wrong about intraday charting or lower timeframes. 273 00:26:58,215 --> 00:26:59,385 He's got to keep it imbalanced. 274 00:26:59,385 --> 00:27:08,195 Don't uh, I think if you look at, what's been shown thus far in 2017, uh, you 275 00:27:08,195 --> 00:27:11,555 can see clearly there's an advantage of knowing what the higher timeframes are. 276 00:27:12,720 --> 00:27:16,379 And then how many times really do you get a high probability entry 277 00:27:16,740 --> 00:27:18,419 or set up on a lower timeframe? 278 00:27:19,470 --> 00:27:21,659 It's not as many as you probably thought. 279 00:27:22,560 --> 00:27:25,590 And that was the, that was the goal to get you thinking like, Hey look, 280 00:27:26,010 --> 00:27:27,629 the answer is not in the entire day. 281 00:27:28,440 --> 00:27:31,230 The answer is in the higher timeframe and then use the lower 282 00:27:31,230 --> 00:27:32,760 timeframes to get yourself. 283 00:27:33,930 --> 00:27:37,560 With a low risk, high probability entry, but there's a framework that 284 00:27:37,560 --> 00:27:39,000 goes along with all those ideas. 285 00:27:39,000 --> 00:27:41,580 Not just, just because you're on a lower timeframe, therefore 286 00:27:41,580 --> 00:27:42,600 it's going to be a lot of trades. 287 00:27:42,930 --> 00:27:44,430 Well, there's a lot of trades doesn't mean they're going 288 00:27:44,430 --> 00:27:45,990 to be a lot of profitability. 289 00:27:56,190 --> 00:28:01,200 Um, I'm not, I wouldn't, I would not be trading today. 290 00:28:02,355 --> 00:28:06,675 And like I said, I preface it by, uh, before I started this session today. 291 00:28:06,675 --> 00:28:11,774 And I kind of mentioned it last night in the recap video that, uh, there's 292 00:28:11,805 --> 00:28:15,284 a few of you that are just really, really being impatient right now. 293 00:28:15,645 --> 00:28:19,754 And I'm going to be bold and to say it like it is, um, I know what you want. 294 00:28:19,784 --> 00:28:23,504 You want me sitting here telling you what to do intraday or giving trades, 295 00:28:24,345 --> 00:28:26,235 but I'm showing you how the trades. 296 00:28:27,300 --> 00:28:29,820 And to get to that point, we got to go through the material. 297 00:28:30,300 --> 00:28:33,600 So I would not be trading today, but I'm actually sitting in forcing myself 298 00:28:33,630 --> 00:28:38,190 over the charts to tell you what I think price may do given the economic calendar. 299 00:28:38,190 --> 00:28:41,460 Like we were saying this morning, there's a couple of different things in the way, 300 00:28:42,270 --> 00:28:49,350 and you have a very small pocket of time before those impactful news events would 301 00:28:49,350 --> 00:28:52,350 be barriers to the runs on liquidity. 302 00:29:19,334 --> 00:29:23,955 Now thinking in terms of like, say this, say this 15 minute 303 00:29:23,955 --> 00:29:27,405 chart, say this was a daily chart. 304 00:29:28,485 --> 00:29:28,814 Okay. 305 00:29:29,504 --> 00:29:32,774 The reaction that we saw off this level here. 306 00:29:34,870 --> 00:29:35,260 Okay. 307 00:29:35,650 --> 00:29:36,630 It went out, they hate it. 308 00:29:36,630 --> 00:29:41,140 And we retraced now that could have been a number of pips, a lot of pips, and 309 00:29:41,140 --> 00:29:42,520 that could have been an intraday trade. 310 00:29:43,000 --> 00:29:47,270 Whereas in this case, it's such a small little range because prices is 311 00:29:47,290 --> 00:29:49,630 fractal all these same approaches. 312 00:29:49,630 --> 00:29:54,010 If you apply it to a daily chart or say you apply it to a weekly 313 00:29:54,010 --> 00:29:56,770 chart, say this was each one of these candles represented one. 314 00:29:57,689 --> 00:30:00,810 Not 15 minutes, the same elements are there. 315 00:30:01,290 --> 00:30:03,270 It's mitigation, it hit. 316 00:30:03,600 --> 00:30:06,659 And it was a reaction that much of a reaction on a weekly range 317 00:30:06,659 --> 00:30:08,879 would be significant on a daily. 318 00:30:08,879 --> 00:30:13,110 It'd be a significant intraday trading opportunity, but not so 319 00:30:13,110 --> 00:30:14,610 much on a 15 minute timeframe. 320 00:30:22,330 --> 00:30:23,679 Uh, each element. 321 00:30:24,760 --> 00:30:25,929 Uh, Jeff's got a good question. 322 00:30:27,750 --> 00:30:31,080 At what, at what point is all this going to be tied together from 323 00:30:31,080 --> 00:30:32,550 higher timeframe and lower timeframe? 324 00:30:33,600 --> 00:30:38,340 So what we do is we give the framework for each discipline. 325 00:30:39,270 --> 00:30:41,399 Like right now we're focusing primarily on swing trading. 326 00:30:41,399 --> 00:30:45,449 So that's going to be based on monthly, weekly, and daily setups 327 00:30:45,959 --> 00:30:47,370 and executing on a four hour. 328 00:30:48,959 --> 00:30:55,290 And then we'll do, um, working from a short-term traders perspective next month. 329 00:30:56,310 --> 00:31:00,720 And we'll be doing basically the same thing we're doing for this month, but just 330 00:31:00,720 --> 00:31:06,600 focusing on short term traits where you're really executing on an hourly chart using 331 00:31:06,600 --> 00:31:10,980 the daily four hour, but re referencing everything we've learned in January 332 00:31:11,310 --> 00:31:12,600 and in what we're kind of uncover here. 333 00:31:12,930 --> 00:31:18,690 So what I've done is I've made the perspective from a macro view using 334 00:31:18,690 --> 00:31:22,980 all the higher timeframe things, and I slowly gravitate you back down and. 335 00:31:23,940 --> 00:31:26,400 These lowered intraday charts down into a five minute chart. 336 00:31:26,400 --> 00:31:31,550 So you'll be able to go insane with reducing the number of, uh, uh, 337 00:31:32,100 --> 00:31:34,440 lots you can do by keeping the risk. 338 00:31:34,440 --> 00:31:37,800 It's still relative to whatever percentage you want to have on your equity base. 339 00:31:37,830 --> 00:31:41,370 So at the end, when you've done the mentorship, you'll have every 340 00:31:41,640 --> 00:31:43,590 facet of how I interpret the market. 341 00:31:44,070 --> 00:31:46,230 So you can go in any time frame and trade it. 342 00:31:47,400 --> 00:31:51,180 But at this point, because we're in individual disciplines like swing 343 00:31:51,180 --> 00:31:52,470 trading, you'll know how to use. 344 00:31:53,385 --> 00:31:59,115 The, uh, the respective lower timeframes to a four hour chart at the end of this 345 00:31:59,115 --> 00:32:03,855 month, you don't need anything less than a four hour chart to trade profitably, 346 00:32:04,305 --> 00:32:09,705 swing trading, but you'll end up using by default because everyone's going to want 347 00:32:09,705 --> 00:32:13,425 to do the same thing when they learn it to reduce the risk down to a very, very 348 00:32:13,425 --> 00:32:19,845 small number of pips and still have the precision that's L that's available by 349 00:32:19,845 --> 00:32:21,915 doing it using lower timeframe chart. 350 00:32:30,280 --> 00:32:30,909 I appreciate that. 351 00:32:30,909 --> 00:32:31,389 Casper, 352 00:32:34,490 --> 00:32:37,699 the appreciation for, uh, delivering it the way I'm doing it. 353 00:32:38,060 --> 00:32:44,389 I know most of you, if you were able to read the emails I had, there was a 354 00:32:44,389 --> 00:32:47,209 number of, you were saying, I'm not so sure this is the right way you should do. 355 00:32:48,890 --> 00:32:52,130 But I just keep referring back to the fact that this isn't the first 356 00:32:52,130 --> 00:32:53,960 time I taught people doing this. 357 00:32:54,020 --> 00:32:57,470 So like I said, you got to trust me if you don't trust me, there's 358 00:32:57,470 --> 00:32:58,520 no point in you staying here. 359 00:33:12,760 --> 00:33:15,400 Um, why use the downtown. 360 00:33:17,330 --> 00:33:19,919 I'm assuming that you're referring to this one here. 361 00:33:19,919 --> 00:33:20,310 Yes. 362 00:33:20,820 --> 00:33:22,530 I want to make sure I understand you before I go forward. 363 00:33:23,070 --> 00:33:23,429 Okay. 364 00:33:24,929 --> 00:33:30,510 When, when the markets create a movement higher in a trade higher, 365 00:33:30,720 --> 00:33:34,679 not just on one candle, but they series of moves or a particular range. 366 00:33:34,919 --> 00:33:37,470 That's considerable now in this timeframe. 367 00:33:37,530 --> 00:33:37,709 Yeah. 368 00:33:37,770 --> 00:33:38,970 This is a considerable move. 369 00:33:39,810 --> 00:33:40,560 It stands out. 370 00:33:40,560 --> 00:33:41,639 It's an obvious price swing. 371 00:33:46,935 --> 00:33:47,265 Okay. 372 00:33:48,945 --> 00:33:55,035 So we understand that if this market moved higher, there has been some 373 00:33:55,035 --> 00:34:00,885 measure of buying now, retail, small little fish can't move price like this. 374 00:34:01,515 --> 00:34:07,955 So there has been some buying in here when this occurs and 375 00:34:07,955 --> 00:34:09,034 it causes displacement and. 376 00:34:10,154 --> 00:34:14,054 Because the price is only going to be permitted to move when it's favorable 377 00:34:14,505 --> 00:34:19,545 for the bank or the institutions, the down move right before that 378 00:34:19,935 --> 00:34:21,705 smart money buys and down candles. 379 00:34:21,944 --> 00:34:28,964 So if we have seen a move higher and then we've moved lower and broke 380 00:34:28,964 --> 00:34:32,775 that short-term low right in here, which is what we've done prior to us 381 00:34:32,775 --> 00:34:36,645 coming on to the live session this morning, when that lowest viable. 382 00:34:37,960 --> 00:34:41,440 The expectation is okay, this move higher. 383 00:34:41,620 --> 00:34:44,890 And we have an expectation for dollar to move lower. 384 00:34:45,340 --> 00:34:50,500 That's what we were assuming this morning, going in anyone that has a long 385 00:34:50,500 --> 00:34:56,230 position in here, they're underwater at this point to mitigate that they 386 00:34:56,230 --> 00:35:00,500 would allow price to get back up to this down candle where the last buying. 387 00:35:01,799 --> 00:35:04,830 When it trades back up to that level, that's when mitigation takes 388 00:35:04,830 --> 00:35:08,790 place, that means that they can square their positions off and move 389 00:35:08,790 --> 00:35:10,950 to the sidelines or add new shorts. 390 00:35:11,430 --> 00:35:12,600 Does that make sense now? 391 00:35:21,020 --> 00:35:25,490 Um, some of them are ma the question is, is how are some of the people that I've 392 00:35:25,490 --> 00:35:28,879 trained in the past when some of them are fun fund managers, some of them. 393 00:35:30,135 --> 00:35:31,725 I have two guys that run prop firms. 394 00:35:31,995 --> 00:35:35,595 Um, other, most of them are just independent traders. 395 00:35:35,595 --> 00:35:37,305 They don't do anything but manage your infants. 396 00:35:57,050 --> 00:36:01,370 Uh, I try to keep the conspiracy stuff out of these types of the 397 00:36:01,520 --> 00:36:03,110 sessions and from the mentorship. 398 00:36:03,710 --> 00:36:05,810 That's where I keep the free to, uh, Twitter. 399 00:36:05,810 --> 00:36:07,310 And I'll keep the YouTube channel open. 400 00:36:07,310 --> 00:36:07,370 Yeah. 401 00:36:08,980 --> 00:36:10,600 I try to keep it business here only. 402 00:36:11,320 --> 00:36:11,620 All right. 403 00:36:11,620 --> 00:36:12,340 Just pay attention. 404 00:36:12,340 --> 00:36:14,800 Now we have price opening a new candle. 405 00:36:15,370 --> 00:36:16,990 We have a nice rejection in here. 406 00:36:17,020 --> 00:36:17,880 We want to see price. 407 00:36:17,920 --> 00:36:19,840 We want to seek out liquidity below that low. 408 00:36:20,230 --> 00:36:22,420 If we get below this low and here, we want to see expansion. 409 00:36:23,020 --> 00:36:27,640 That means that the candle should become bigger and longer and be bearish. 410 00:36:29,200 --> 00:36:30,160 We do not want to see it. 411 00:36:30,160 --> 00:36:32,440 Come back up to this level here again. 412 00:36:34,325 --> 00:36:36,815 Before it reaches to the lower and it doesn't have to get all the way down 413 00:36:36,815 --> 00:36:38,495 to 30, 80, or anything like that. 414 00:36:39,175 --> 00:36:43,825 That's the objective we're reaching for relative to time, but I'd 415 00:36:43,825 --> 00:36:47,065 like to see it make a move forward before equities open, but I'm not 416 00:36:47,065 --> 00:36:48,085 going to stay with you that long. 417 00:36:48,085 --> 00:36:50,035 I'm going to be with you another five or minutes, and I'm going to close this. 418 00:37:06,730 --> 00:37:08,350 All right, Gerard is here. 419 00:37:08,350 --> 00:37:10,420 So we're going to end up, uh, closing session. 420 00:37:10,420 --> 00:37:12,280 Now he came in late, so we're going to punish him. 421 00:37:17,800 --> 00:37:20,625 Uh, It'll be in the recording. 422 00:37:20,625 --> 00:37:22,245 It's not, it's not terribly exciting. 423 00:37:22,245 --> 00:37:25,634 Or just looking at the small little reaction off of mitigation block 424 00:37:43,705 --> 00:37:44,605 on a personal note. 425 00:37:46,455 --> 00:37:48,015 Maryland in our area. 426 00:37:48,015 --> 00:37:49,935 They closed school, not closed. 427 00:37:50,275 --> 00:37:55,245 They delayed schools several hours this morning for nothing. 428 00:37:55,725 --> 00:37:56,924 Uh, we don't have any snow out here. 429 00:37:56,924 --> 00:37:59,505 We, it was a little bit of flurries, so I'm trying to get this done 430 00:37:59,505 --> 00:38:00,735 before my little ones get up. 431 00:38:00,765 --> 00:38:03,195 Once they get up, I will not be able to talk with you. 432 00:38:04,154 --> 00:38:06,585 My wife is not with me today, so she can't corral them. 433 00:38:15,400 --> 00:38:20,049 Uh, as far as platforms that I used to trade and how my setup has done, you'll 434 00:38:20,049 --> 00:38:22,060 actually get to see my whole get up. 435 00:38:22,840 --> 00:38:24,850 Uh, when we get into the day trading model, I'll actually show 436 00:38:24,850 --> 00:38:29,380 you my coveted trade station. 437 00:38:29,380 --> 00:38:31,330 Now I have it set up so you guys can see all that. 438 00:39:03,419 --> 00:39:05,759 Let's take one quick, look over to dollar index. 439 00:39:07,950 --> 00:39:11,009 Yes, it's with a dollar moving nowhere. 440 00:39:11,009 --> 00:39:11,730 Like it is here. 441 00:39:12,419 --> 00:39:16,439 It's going to be problematic for the market to find any kind of legs, 442 00:39:21,419 --> 00:39:27,270 all the dollars, trying to make a run for its intraday high today might get it. 443 00:39:32,430 --> 00:39:37,919 I really like these levels on cable to have these levels on your charts. 444 00:39:37,980 --> 00:39:40,279 Folks just be mindful to, this is probably where we're going 445 00:39:40,279 --> 00:39:42,450 to see cable reach up into 446 00:39:49,490 --> 00:39:50,839 if we consolidate in here. 447 00:39:50,899 --> 00:39:54,830 And as a closing note, if we consolidate here in, don't make a move about. 448 00:39:56,655 --> 00:40:00,765 This level, and here we may be just consolidating for the news 449 00:40:00,765 --> 00:40:02,475 to come out a little later. 450 00:40:02,475 --> 00:40:05,175 I think at that 11 o'clock hour, there was something else we 451 00:40:05,175 --> 00:40:07,395 had, uh, for Canadian dollar. 452 00:40:08,085 --> 00:40:13,665 It may see its a movement on that release, but uh, and here 453 00:40:14,505 --> 00:40:16,425 I would not be favoring along. 454 00:40:16,965 --> 00:40:19,215 I would look for continuation on the lower end. 455 00:40:20,085 --> 00:40:22,965 But being mindful that we don't want to see a trade back above that level, 456 00:40:22,965 --> 00:40:23,865 because it's already traded there. 457 00:40:23,865 --> 00:40:26,655 It's already shown a willingness to want to give evidence that it's 458 00:40:26,655 --> 00:40:28,965 mitigated long positions in here. 459 00:40:29,625 --> 00:40:35,865 So we want to see it erode below this low and start to share some expansion and 460 00:40:35,925 --> 00:40:38,785 reach for a, you want to look at a 39. 461 00:40:40,135 --> 00:40:46,015 And 30, 80, but it could go, it could go down to 30, 75 on a spike 462 00:40:46,045 --> 00:40:47,305 if it can get down there at all. 463 00:40:47,575 --> 00:40:51,085 But given the fact that the dollar index is, has held really, really tight in 464 00:40:51,085 --> 00:40:55,675 a range, I'd like to see it and make it run for its cell stops in here. 465 00:40:56,665 --> 00:40:57,325 That would be nice. 466 00:40:57,325 --> 00:41:00,055 That would give freedom for a dollar cat to trade lower. 467 00:41:01,285 --> 00:41:05,275 But given where it's at now, it's not that high probability. 468 00:41:07,015 --> 00:41:07,855 I really, really like. 469 00:41:08,865 --> 00:41:09,495 Cable though. 470 00:41:11,295 --> 00:41:11,835 I like that, 471 00:41:15,505 --> 00:41:18,535 depending on how far we get a ball, this short-term high in here. 472 00:41:19,195 --> 00:41:24,835 If we can come back now into this down candle, assuming after we get above 473 00:41:24,895 --> 00:41:28,315 this high, if it doesn't run too fast, if it comes back down, it gives an 474 00:41:28,315 --> 00:41:32,005 opportunity to touch this to high, that candle that may be a buying opportunity 475 00:41:32,005 --> 00:41:36,295 to get you to 26, 10 to what's the other level I got to get this thing out. 476 00:41:38,215 --> 00:41:40,135 26 40. 477 00:41:41,665 --> 00:41:46,495 So that could be your levels for a Friday cable. 478 00:41:51,865 --> 00:41:52,165 Yup. 479 00:41:54,965 --> 00:41:56,495 Nothing terribly exciting folks. 480 00:41:56,885 --> 00:42:01,205 Um, the highlight was a small little reaction here. 481 00:42:01,235 --> 00:42:03,455 Big deal, but the. 482 00:42:05,080 --> 00:42:05,950 That's the brakes. 483 00:42:06,010 --> 00:42:11,290 We will be again, we're going to have a live session tomorrow early again. 484 00:42:12,130 --> 00:42:13,960 It'll probably be another eight o'clock session. 485 00:42:14,620 --> 00:42:17,110 Um, I have to make sure I have plenty of time to go through. 486 00:42:18,075 --> 00:42:20,565 The two teachings and not have any errors. 487 00:42:20,924 --> 00:42:24,615 Uh, last month we had two slides, the head issues. 488 00:42:24,615 --> 00:42:28,815 I had a resolve at a later time, so I'm, I have a lot more 489 00:42:28,964 --> 00:42:30,464 proofreading time and go through it. 490 00:42:31,455 --> 00:42:35,174 So by having me, uh, get the live session out of the way tomorrow early, that'll 491 00:42:35,174 --> 00:42:39,495 give me a lot more time to make sure I can close that delivery window by 8:00 492 00:42:39,495 --> 00:42:43,305 PM on Fridays that we have all your content delivered by 8:00 PM and you can 493 00:42:43,305 --> 00:42:44,384 have the whole weekend to go through it. 494 00:42:45,194 --> 00:42:46,214 I want to close it here. 495 00:42:47,549 --> 00:42:49,230 I'm going to oh, real quick. 496 00:42:49,290 --> 00:42:51,660 Um, as it relates to brokers, I promise I'd mentioned this. 497 00:42:52,129 --> 00:42:53,009 Thank you very much, Jeff. 498 00:42:53,924 --> 00:42:57,555 Uh, prodding me about FXCM ethics cm. 499 00:42:57,615 --> 00:43:00,105 Obviously, if you haven't already heard about it, they have been 500 00:43:00,105 --> 00:43:04,785 slapped by the CFTC commodity futures, trading commission, and removed their 501 00:43:04,785 --> 00:43:06,375 ability to operate in the states. 502 00:43:07,005 --> 00:43:11,025 Uh, for those that have accounts with them, um, that are in our mentorship, 503 00:43:11,055 --> 00:43:14,355 they have been reaching out to me in regards to my personal opinion that I sent 504 00:43:14,355 --> 00:43:18,525 a tweet via the free Twitter, because I got more people following me on that one. 505 00:43:18,525 --> 00:43:19,665 Then obviously in the mentorship. 506 00:43:21,120 --> 00:43:24,480 Um, I just basically said in my personal opinion, and I don't have any 507 00:43:24,480 --> 00:43:30,150 affiliation with them, but , um, I had, uh, I had ex experience with them and 508 00:43:30,150 --> 00:43:31,500 had an account with them in the past. 509 00:43:31,500 --> 00:43:35,339 So, um, they treated me pretty, fairly, I didn't have any real 510 00:43:35,370 --> 00:43:36,660 major complaints about them. 511 00:43:37,200 --> 00:43:42,950 Um, I did tell her when to stay away from FXCM, but the, uh, there's a few 512 00:43:43,020 --> 00:43:47,190 that are taking a look at other brokers that I do not have experience with. 513 00:43:47,310 --> 00:43:49,529 And I'll invite you all to exchange your ideas. 514 00:43:50,440 --> 00:43:53,670 And experiences about other brokers through the forum. 515 00:43:54,360 --> 00:43:55,800 Use that medium to do that. 516 00:43:56,280 --> 00:44:01,170 Um, me personally, though, if it's a retail brokerage firm gun to my head, 517 00:44:01,830 --> 00:44:05,760 um, um, they will be obviously Alana. 518 00:44:06,060 --> 00:44:14,790 So I'm entering the Robins cup and they use gain for their, 519 00:44:14,790 --> 00:44:16,770 for ex uh, clearinghouse. 520 00:44:17,685 --> 00:44:20,865 So I don't have any experience with them either, but you'll obviously know 521 00:44:20,865 --> 00:44:24,405 the experience because it's going to be on my effects book and it's going 522 00:44:24,405 --> 00:44:28,335 to be linked to the world cup results. 523 00:44:28,335 --> 00:44:30,465 So it is what it is. 524 00:44:30,505 --> 00:44:33,855 I don't know how they're going to treat me in terms of customer 525 00:44:34,095 --> 00:44:37,785 service and execution, but you'll certainly know all about it. 526 00:44:37,905 --> 00:44:44,190 Um, as a secondary side note, Um, the things that I do in that account, I'm 527 00:44:44,190 --> 00:44:50,700 going to be doing small little videos when I can very little small pieces explaining 528 00:44:50,700 --> 00:44:54,960 what I'm looking to do, why I'm trying to trade what I'm trying to trade, because 529 00:44:54,960 --> 00:44:56,609 I want to document it as much as I can. 530 00:44:57,720 --> 00:45:00,089 Um, I'm not sure how I'm going to deliver that, but it will be. 531 00:45:01,590 --> 00:45:05,550 And I'm don't know if I'm going to release those videos publicly everyone, or if I'm 532 00:45:05,550 --> 00:45:07,470 going to make that available to you all. 533 00:45:07,950 --> 00:45:10,230 I don't know how, I don't know how I'm going to do that, but I don't know. 534 00:45:10,230 --> 00:45:11,220 I want to document it. 535 00:45:11,880 --> 00:45:13,590 So that way I'll be talking about the setups. 536 00:45:13,590 --> 00:45:14,700 I'm going to be using internet. 537 00:45:15,660 --> 00:45:17,250 So everything I'll try and keep it as. 538 00:45:19,710 --> 00:45:22,020 Uh, I don't know, let's put it that way. 539 00:45:22,020 --> 00:45:25,230 I don't know how it's going to be done, but I know it's going to be 540 00:45:25,230 --> 00:45:28,650 through my effects book and my name will be on the top of that list. 541 00:45:28,920 --> 00:45:32,940 So Richard Hom will no longer be the top of that list for 2017. 542 00:45:32,940 --> 00:45:34,500 It's four X division. 543 00:45:34,770 --> 00:45:39,330 He was at 90%, uh, like 96% the other day. 544 00:45:39,330 --> 00:45:42,690 And he just lost like 30% of his equity in one day. 545 00:45:42,690 --> 00:45:42,870 So. 546 00:45:44,160 --> 00:45:47,160 It, ain't going to take months to get a couple hundred percent over top of that. 547 00:45:47,520 --> 00:45:52,140 So I'm not worried about it, but my on depositing money, uh, the last week of 548 00:45:52,140 --> 00:45:56,400 February, because I want to make sure I get through this month content and build 549 00:45:56,400 --> 00:46:01,020 in one week's worth of lessons so that we always have one week ahead right now, as 550 00:46:01,020 --> 00:46:06,480 it is, I'm doctoring up the notes that I have and producing them on a weekly basis. 551 00:46:07,350 --> 00:46:10,710 So if I'm going to be doing any contest type thing, I want to have 552 00:46:10,710 --> 00:46:11,880 at least a buffer of one week. 553 00:46:12,810 --> 00:46:13,650 Trading content. 554 00:46:13,920 --> 00:46:16,680 So that way our lessons don't, they're not affected by it. 555 00:46:18,210 --> 00:46:24,360 So the trades I'm going to do, um, our real trades that would be doing you. 556 00:46:24,370 --> 00:46:27,600 Normally, I'm going to be risking 5% when all the trades 557 00:46:27,600 --> 00:46:28,710 that I deal in that contest. 558 00:46:28,710 --> 00:46:31,020 So that's what my equity gearing is going to be. 559 00:46:31,049 --> 00:46:34,170 So all my trades will have a maximum, not that it requires it, but I will 560 00:46:34,170 --> 00:46:37,020 allow it to 5% risk on each trade. 561 00:46:37,590 --> 00:46:40,049 And I'm going to basically try to do my best to. 562 00:46:40,875 --> 00:46:43,905 Better than I did when I was trading against AMS trader. 563 00:46:44,805 --> 00:46:46,005 So that's the business. 564 00:46:46,035 --> 00:46:49,425 Um, yeah, they require you to open up with a minimum of 5,000. 565 00:46:49,425 --> 00:46:54,225 So since it's a percentage basis only, um, I'm only gonna use the 5,000 to do it. 566 00:46:54,225 --> 00:46:56,085 They don't show you like balances or anything like that. 567 00:46:56,115 --> 00:46:57,945 I'll use the, my FX book for that purpose. 568 00:46:59,845 --> 00:47:00,175 All right. 569 00:47:00,175 --> 00:47:02,065 So that's the business. 570 00:47:02,305 --> 00:47:08,025 I'm going to try to hit 12000% return and destroy Larry Williams, his record on. 571 00:47:09,880 --> 00:47:10,660 That website. 572 00:47:10,780 --> 00:47:12,400 So I'm going to try my best to do that. 573 00:47:14,980 --> 00:47:18,370 But right now, the first of the month, uh, I'm sorry, the first month of the year 574 00:47:18,370 --> 00:47:22,870 to do this, not really good trading wants to do so I've allowed the folks to show. 575 00:47:22,900 --> 00:47:24,420 I wanted to see who stands out right now. 576 00:47:24,470 --> 00:47:29,470 So far, the, the guy Richard Hom, he's the one that took the lead in 577 00:47:29,470 --> 00:47:31,420 the highest he had with 96% return. 578 00:47:31,420 --> 00:47:34,570 So I'm not convinced that that's going to be a problem. 579 00:47:34,570 --> 00:47:34,750 So. 580 00:47:35,700 --> 00:47:39,779 Working my tail off going through March to March 1st will be my first, 581 00:47:41,339 --> 00:47:42,609 you know, uh, well, I don't know. 582 00:47:42,689 --> 00:47:43,770 I gotta take a look at the candidate. 583 00:47:43,799 --> 00:47:49,230 The March will be the first trading I'll be making available Miami, my effects book 584 00:47:49,230 --> 00:47:52,890 to the public, and everybody know that I do have the positives going with gain as 585 00:47:52,890 --> 00:47:55,230 I am linked up with Robin's world cup. 586 00:47:56,115 --> 00:47:57,165 And that's the business. 587 00:47:57,195 --> 00:47:58,995 So it won't affect our mentorship. 588 00:47:59,005 --> 00:48:01,725 A lot of you actually been chiming in saying I'm doing too much. 589 00:48:02,115 --> 00:48:05,115 Now once I get it set up, it's just making trades. 590 00:48:05,265 --> 00:48:07,785 I mean, it's not like I'm doing anything really outside of 591 00:48:07,905 --> 00:48:09,545 what I normally doing on this. 592 00:48:09,555 --> 00:48:16,735 I mean, making trades doing the additional account, I don't know if Larry Williams, 593 00:48:17,265 --> 00:48:21,845 um, seminar I was in the other day it's available, but, um, there's some, there's 594 00:48:21,865 --> 00:48:22,935 a couple of things that I want to. 595 00:48:23,700 --> 00:48:24,540 Note of that. 596 00:48:24,540 --> 00:48:31,560 He mentioned in there that I thought were interesting, but, uh, that's the business. 597 00:48:31,680 --> 00:48:35,040 So I'm going to close this one here and I'm doing a little bit of a ramble now. 598 00:48:35,049 --> 00:48:37,589 So just be mindful of this level. 599 00:48:37,589 --> 00:48:38,580 We don't want to see it give up. 600 00:48:38,670 --> 00:48:39,810 We want to see it expand lower. 601 00:48:39,810 --> 00:48:45,620 It might do that intraday after the 11 o'clock hour news. 602 00:48:45,620 --> 00:48:46,770 So just be mindful that. 603 00:48:49,125 --> 00:48:51,705 Pay attention to your Twitter tonight around seven 30 my time. 604 00:48:52,335 --> 00:48:55,815 Cause we'll probably be tweeting about the, uh, Australian dollar, 605 00:48:56,415 --> 00:49:04,634 um, around 7:00 PM my time, have your, uh, forum open and have it. 606 00:49:04,845 --> 00:49:08,205 So that way, when I send you a tweet, when you click on the link in the Twitter, 607 00:49:08,745 --> 00:49:10,995 it'll take you right into the forum. 608 00:49:11,174 --> 00:49:14,055 If you don't have that set up, it slows you down. 609 00:49:14,475 --> 00:49:14,715 Okay. 610 00:49:14,715 --> 00:49:15,825 So just be mindful that. 611 00:49:18,254 --> 00:49:24,225 And tomorrow look for a pound dollar to try to reach for these levels as well. 612 00:49:25,095 --> 00:49:28,634 And if not, we'll see those as objectives for next week. 613 00:49:29,055 --> 00:49:31,185 So there's a little bit of a range in there for you guys to be monitoring 614 00:49:31,515 --> 00:49:32,984 until I talk to you again tomorrow. 615 00:49:33,674 --> 00:49:35,924 And I'll give you a recap for you tonight, but I'll talk 616 00:49:35,924 --> 00:49:37,004 with you guys a lot tomorrow. 617 00:49:37,305 --> 00:49:38,325 Again at 8:00 AM. 618 00:49:38,475 --> 00:49:39,075 New York time. 619 00:49:39,464 --> 00:49:40,395 Wish you good luck and good trading. 52220

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