All language subtitles for Tuesday April 04, 2017 new york EN

All right.

So this morning

we tried to buy the cable

and there's the,

yeah, the range in here.

I'll use it for the standard deviation.

Uh, gave me two projections down.

Uh, you see the nice reaction
that we have off of that?

Uh, admittedly, I thought for
sure, I was going to get stopped.

Uh, it came like so
close to the hitting it.

And then some of you got hit
with trading it live and you

weren't supposed to do that.

You know, they didn't listen.

So, uh, for the folks that are
trading outside of four XLT

date, and you're not listening,
you're, you're breaking the rules.

So, but the.

The outcome is, uh, a
little disconcerning.

Cause now I don't know where, excuse me.

I don't know how far it's going to
go down where it makes logical sense.

So in other words, if I
go one more deviation down

that puts us below these equal lows.

But that might be a little bit more
dense, necessary to get up into

the fair bite gap on the dollar.

If it does it at all today,

uh, problem I'm having is we're
in the middle of the high.

In the low or right in the middle
equilibrium, there's a tug of war.

It's a lot of back and forth.

Bulls and bears are just not
committed one way or the other.

So it's making it barely
difficult for this market

condition for me, but excuse me,

the Euro.

Let's pull up a chart from over here.

Not good.

That's not a good player to
be working with right now.

I don't see anything there.

Um, take a look at the palsy.

It's already moved.

You can see the fair value gap.

I'm sorry.

The, the void rather offered resistance
two times and then really sold off.

It.

Took it all the way down to the mean
threshold of the bullshit or block

between these two candles here.

It's probably not done, but
it's a so far bound, you know, I

don't want to be selling it now
to, to, to deepen a discount.

So it takes me back to do I want to sell
short cable because cable may take us

down below these equal lows in here.

Just really, uh,

it's hard for me to make a decision
in here, cause we're up against

the publisher block at the bottom
of the two standard deviations.

And the uncertainty of the dollar this
morning, at least ahead of eight 30.

I don't know.

It might just become a, uh, a doji up
here and start re reversing and going

down to this level here, leaving the
gap for non-farm payroll still says.

I didn't sleep.

I was up all night long.

I was trying to figure out what I could
do with the New York session in the event

that a cable gave me just one small little
piece at 1 25 and never even got the 1 25.

So.

If anything breaks downs traits through
these lows comes back up and find some

resistance at the bottom of this candle.

That might be an area where you
can get a short on from New York.

To get back.

The eight pips that I took on this morning

just don't want to do it
ahead of eight 30 news.

Ni Pepsis.

Isn't that much of a big deal.

It's like a CAD.

It should be close to it's I hit it.

So that's interesting.

So we'll be able to see
something, hopefully either

run through it or reject it.

If we trade through this, now we'll
be interested back in this payer

only for a low resistance liquidity
run for the equal highs up here.

So that's the trade I'd like to see
happen, and that would definitely

become a viable set up that would
be on the heels of this move here.

100 point 73 to 101 closing on this
fair value gap between this low Ms.

Candle's high.

Don't worry.

I'm not getting sick.

I'm not losing my voice.

I'm talking to him.

I says I got allergy system.

It hit me in my face this
morning at four o'clock.

Um, backed Keeble.

I thought for, at a minimum, we would
come up here and at least closing this

gap and it still might happen just to
frustrate me, but given where it's at,

I don't know, be going out to lunch.

Yeah.

So if I don't know, and I don't
have any strong conviction.

I can't execute so I can give you
scenarios to watch this morning,

but I don't have anything yet.

And that may change at eight 30.

Obviously, if I see something, it, it
stands out going into the news or right

as the news releases, then I can give you
a chart via Twitter, but right in here.

So I don't see it because we've got two.

Well, we got one.

And to premium PDA, and
then you have one discount.

They have equal loads below us at a
point where it's already moved a lot.

And it said it's exactly at two
standard deviations, which makes sense.

Why we found support there came all
the way back up, closed in the range in

here, but let this gap with no Judas.

So we just rolled right out.

And the fact that we saw 40 some
pips in one minute, ended up put the

order on makes you wonder if they're
fricking Watson in it, but it traded

all the way down in one minute, more
than 40 pips went right to two standard

deviations and then held consolidation.

Try one more time.

They run through it and then rejected.

But now we have the scenario
where it's a dollar route.

And trades up into his fair
value, got up on the daily.

That would cause room
for this to trade lower.

Now, if that happens and say, we explode
up into that gap on dollar, we could see

this scenario, which if I'm looking to
go short cable now in reverse my idea,

uh, we would be looking for 1 23 84.

1 24 big figure and 1 24
15 is downside objectives.

So that could be a catalyst
where we see a lot of extreme.

So often on cable, it
gets really excited about.

Whatever comes out of,
uh, eight 30 news embargo,

put Ozzie here, Aussie that
one's just too far gone.

It's not worth touching right now.

There's no real level to work with.

It's on a daily.

PDA Ray means our shoulder,
the bull shoulder block.

And it's not strong enough
for me because it's not clean.

And we have a lot of this.

Isn't clean enough for me.

Let's put it that way.

I would be more inclined if it was
down here on this candles opening.

If they hit that, then I'd be more
inclined to take some kind of a long

in New York and trade some of the
range back up a little bit, not the

entire range, but some of it, but
because we're in here, it's a slow.

And again, it gets back to where we are
in here because there's a real need no

discernible level, except for this fair
value gap, which is a draw on dollar going

higher, but we have non-farm payroll.

And I think if we don't go up there
today, they're going to wait for non-farm

payroll to drive it out there then.

So that's, what's making it difficult
for me to make a decision, at

least for the New York session.

This.

Now I had the recording going prone to
time of right before the news release

at four 30 this morning for cable.

And, uh, I was able to capture the
reaction of all this move here and.

Immediately fizzled out.

Didn't give us any more follow through.

Now, if a dollar would've came up and
spiked into this and then rejected

at the same time cable, where did.

We're at, uh,

at the same time cable, I'm gonna trade
it down to two standard deviations

that would've been a really strong buy.

This would have been a continuation rate
that little small down close that would

have been the New York setup for a long to
continue up closing the gap on the stops

and maybe expand up into this level of.

And then we'd wait to see if we could
get a little bit more of a roll roll over

into tomorrow to reach up into this level.

But that's completely been void.

Now.

I know I don't want to buy it in here
because I don't trust the fact that we're

going to keep the London lows intact.

There's a lot of liquidity
resting right below that.

So if we're going low, That's
going to put us more and more

projection of this deviation here.

One more lower.

Yes.

That's certainly gonna get
room for this to want to go up

and close that fair value gap.

So,

and you're a pound.

And you're probably going to hold
Euro in that mess right there and

incent cable, which will drive
here open up, or keep it from.

So I don't see anything that I
can work with in New York session

this morning at this moment.

So, but we would be looking for
that 1 24 15, 1 24 big figure and

1 23 85 as downside objectives or.

Capable.

We already came down a
lot in the first leg.

Great.

Out of, uh, midnight.

I mean, it just rich
right away from there.

No real run up.

Didn't spike above here.

Didn't get any kind
of, um, nothing really.

It didn't give you anything in terms
of, uh, getting an except for just a

straight shot, which makes it hard.

But when it did this, it wasn't like.

Euro and say, okay, well, it
didn't give it to me and cable.

Let me just go over to Euro
and I'll find the Judas there.

I'll find something that gives me
something to sell into didn't happen.

So all the apps right now, all the
players, if you will, they're selling

the heck out of Aussie dollar and all,
you know, all the money's in that.

So I'm a little frustrated with myself
because I even talked about this pair.

I even said the levels, but I
didn't make the timing on it.

Don't like, like am like Asian.

Now is your opportunity in here.

So that's the business on that, but, uh,

I'd like to see the thing trade
through up up-close candle.

So let's do this.

If we can get above that level.

You can have a low resistance liquidity
run or buy to make a run above

that 1 35, 80 level, maybe 1 36 big
figure, but it has to trade above.

And you know, in, in this
instance it should close above it.

It does that.

In logically, it will want to run
up here and hit these buy stops.

Cause it's just not enough to get up
out here just to get, just to get above

here and not come all the way up here.

Wouldn't make any sense

and to miss.

So I'm going to close this one here.

I'm going to have the,
uh, The recording playing.

Um, that's why I was basically looking at
charts while we're talking, but over here

in the left-hand corner on, uh, today's
posting of this morning session, I'm

going to have some notes about how the
market reacted here in deviations here.

So I'll have all those notes in that
post production for New York to get

some kind of value, because I don't have
any trade I can do for this session.

So that will complete the day.

Um, unfortunately didn't get anything
out of the pound I was wanting to

see, but kind of a weird market move.

It's doesn't fit any kind of my, um,
expectations for intraday movement.

I mean, this makes sense coming
up here, but I wanted to see it

continue through, but now it's just.

Giving indication when to
take out the equal lows.

So a watch this candle here that
will be most likely the framework

for the short to at least trade down
and then come back up and hit that

level, depending on how far we go
below this low, these lows in London.

So if we go down like one or two pips just
below it, and then come back and hit this

up close candle at eight 30 or just after
eight 30 within the first five minutes.

That could be the catalyst for
the continuation going lower.

And then we can look for
1 24, 15, 1 24 big figure.

And we really wrote, uh, 23 1 23 85,
which I don't see that one today,

but we certainly could see 1 24 15.

No, I'll probably be the play
I'll use to get the eight pips

I took as a hit in London.

And apart from that, um, the only
other thing I wanted to mention was.

That trendline business that we
were showing yesterday, the folks

going to be looking at dad's the
long they snapped it down here and

didn't reject to take it back up.

That's what I was expecting to play
was, uh, folks have been buying,

buying, buying, buying, stop loss.

We know it's going to go
back to this one here too.

Our stop loss was significantly below
that and below two standard deviation.

Got real close to it, but then hit it.

And I was expecting them to
come down here, knock out.

These stops, keep us intact, but I
didn't want to be up at four o'clock

even though I was, but I should
have waited a little bit longer.

I mean, at least maybe I could
have done something in here, maybe.

I don't know, but, uh, that's how I
trade when I don't want to stay up.

I put the order in, I let it go.

I put my stop in a reasonable
location and let it go.

When I'm up, I'm waiting for the
level to trade after the news, as

the news hits, I'm trading it right
into those runs against where I

think the market's going to go.

And you'll see, you'll see more of
the same of what you saw tonight

in terms of placing the limit
orders before the moves come.

So that way you don't have
to be up all night long.

And then I'll also show you live
scenarios are actually got to sit

in the charts and watch it happen.

Live will get closer to the
news releases when that happens.

And won't be just one
o'clock to two o'clock.

And that's it.

Folks.

I'm going to close it and
let, uh, eight 30 come.

So be mindful of Twitter at
about twenty-five minutes or

so there's anything there.

I'll let you know, it'll be
in a tweet going to the forum.

Otherwise it will be, I will
give you a recap later on with

additional notes with this recording.

So again, it's only two recordings
per day, London and post New

York, whatever we do in New York.

Got any questions?

Um, just hold off, probably
be answered in the recording.

That's put this session later on,

but you don't have any
trades to take for New York.

We will be again, meeting at one
o'clock in the morning, New York time

for London tonight until am wish.

Good luck and good trading.