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Okay, good morning folks.
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How are you
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should be seeing a dollar index.
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Okay.
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All right.
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All right.
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All right, let's get this going.
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Um,
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a couple of things to happen
last night without the,
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my expectation, the.
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The dollar came down, cleared out the
bodies of these swing low in here,
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but we came all the way back up in
enclosed in this area of price action.
13
00:01:06,640 --> 00:01:11,380
Now this morning, I'm watching at if
I'm not mistaken, check real quick
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Forex factory's calendar today.
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You'll notice at eight 15, we
have ADP nine farm implements.
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That may be a catalyst for some movement.
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And I'm wondering as much as I'd
like to see the buy stops be ran out.
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I might be wrong.
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I might be wrong and they may take
it down below these lows here.
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And the reason why I'm thinking
that is because overnight you're
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a pound at some crazy accident.
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The, uh, Euro dollar, we started
right from the zero GMT opening and
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only moved like two pips above it,
three candles or four candles rather.
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And then that's it.
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It's only been straight down.
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They left this smooth
area of price action.
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And if you look at what's
happened so far, we have the low
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and we have hang on one second.
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We have the low
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to the high up in here, we're hitting
right off the 60% retracement level.
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We have a lot of gap in here,
plus liquidity, both here.
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So I'm thinking they're
probably going to take it above.
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And this has only been just
a straight, deep retracement
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of the employment numbers.
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So be mindful that may happen
here in about 45 minutes or so.
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I won't be here, obviously the
work with you, but use this as
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a suggestion to, to study it.
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Um, you can maybe even see a
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1 0 9 60 today.
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If this is, if this is
in fact what's unfolding.
41
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And the other reason is we had
cable come up, close our gap.
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We had outlined went right
up into it, close it really
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efficiently, and then traded lower.
44
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It also has moved down into, or has
moved into and I've moved away from
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a discount, came into this area here.
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Filled in all of this inefficiency and we
have this big block of bounced price, but
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it came back into it and then rejected it.
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00:03:56,739 --> 00:03:59,380
We still have a little bit of a gap
in here, but again, similar to what
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we just outlined on a Euro dollar.
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00:04:01,000 --> 00:04:06,130
I think, like I said, last night, I
want, I want to see this thing go higher
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00:04:06,399 --> 00:04:07,750
based on what I'm seeing in the chart.
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00:04:09,280 --> 00:04:13,000
I think that a cable has a
lot more potential on the ups.
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00:04:14,185 --> 00:04:16,665
There's a whole lot of
Brexit built into this thing.
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So I think they're probably
going to want to take it higher.
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00:04:20,985 --> 00:04:28,685
So if we see any weakness on
the dollar at eight 15 or so, be
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cautious, you don't want to see it,
do that right away, which you would
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00:04:31,865 --> 00:04:37,205
rather see on dollar is make this a
little bit of a retracement in here.
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Fill in that gap.
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00:04:40,260 --> 00:04:42,330
You may not have that gap on your
chart, but you'd certainly should
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00:04:42,330 --> 00:04:43,920
have a, a big range in here.
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00:04:45,120 --> 00:04:49,170
If it comes down into that eight,
15 hour and it makes a run and
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fails to get above this high that's
yourself, Dallas should sell off.
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Caitlin should rally Euro should rally
all the dollar really took a beating
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00:05:01,800 --> 00:05:03,900
rate at the zero GMT opening last night.
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00:05:03,900 --> 00:05:08,610
I mean, right there in straight down, uh,
like I said, I didn't have an opinion on.
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But man alive.
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That was a nice move.
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Didn't see it coming.
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I had no expectation of that,
so, but I'm very impressed by
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00:05:17,330 --> 00:05:18,800
what had happened overnight.
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00:05:20,940 --> 00:05:29,850
Um, Cody's gluten, he did a, a
year in trade, so that's not my
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trade, so don't get mad at me.
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I didn't share it with you.
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He did this one.
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Uh, oh.
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00:05:37,005 --> 00:05:39,365
I didn't want to keep it up here, but
I just want to talk to me just for
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00:05:39,385 --> 00:05:41,025
record sake, just to get me out of boy.
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00:05:42,825 --> 00:05:49,395
Dad's not touching me no more, but a
dollar CAD, this one here, this one might
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00:05:50,295 --> 00:05:52,455
buck the overall conditions of today.
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00:05:53,955 --> 00:05:56,805
Cause uh, the Canadian
dollar itself is really weak.
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00:05:57,705 --> 00:06:02,865
So we may see, regardless of what happens
in dollar, we may see this continue high.
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00:06:03,855 --> 00:06:10,365
I think it could see the 1 38, 1 38
fifties before the end of the week.
83
00:06:11,415 --> 00:06:13,635
So it could potentially punch
up there a little bit higher.
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00:06:14,715 --> 00:06:18,105
Now we did come out of a little
consolidation here and shoot higher.
85
00:06:18,344 --> 00:06:19,425
It would have been better for them.
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00:06:19,425 --> 00:06:23,295
If they're going to top it to
come off that high and start
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00:06:23,295 --> 00:06:25,845
breaking down, they've taken it up.
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It took up a short-term loans.
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00:06:28,755 --> 00:06:32,235
Instead of small little range
inside, we're working inside that
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00:06:32,355 --> 00:06:33,615
self-starter rate below that.
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00:06:33,615 --> 00:06:38,595
So if I'm bullish and I'm correct,
we should see price just come below
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00:06:38,595 --> 00:06:43,695
that low wipe out, any trailed stop
losses, and then start to go higher.
93
00:06:44,415 --> 00:06:49,245
So that's kind of like a wild
card it could, or couldn't happen.
94
00:06:49,395 --> 00:06:53,415
But I favor alongside on this pair
more than anything I wouldn't want.
95
00:06:53,415 --> 00:06:56,205
I want, I wouldn't want to sell
it, but that way, regardless
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00:06:56,205 --> 00:06:57,065
of what I see in a dollar.
97
00:06:58,140 --> 00:07:01,800
Um, I'm trying to think of
anything else I want to talk about.
98
00:07:04,950 --> 00:07:12,960
Um, it just seems to me that they have
really, really taken it back far, right
99
00:07:12,960 --> 00:07:19,500
from the beginning of APTA last night
at 8:00 PM, everything rolled lower and
100
00:07:19,890 --> 00:07:23,430
it just seems like they did that really
deeply ahead of the employment numbers.
101
00:07:23,850 --> 00:07:24,840
And they're probably going to surprise.
102
00:07:25,755 --> 00:07:30,015
Send the higher in the, uh, in,
in lower and a dollar higher
103
00:07:30,015 --> 00:07:30,975
than the foreign currencies.
104
00:07:32,955 --> 00:07:36,855
And you go on and see some short-term
support building around that 62% chase
105
00:07:36,855 --> 00:07:38,985
mobile off of the order blocks as well.
106
00:07:39,765 --> 00:07:43,365
And again, liquidity is right here
and above here, and I apologize.
107
00:07:43,365 --> 00:07:45,195
Thank you for correcting me.
108
00:07:46,035 --> 00:07:47,835
Um, regarding the CAD.
109
00:07:50,275 --> 00:07:53,035
I mistakenly said mommy's house.
110
00:07:54,195 --> 00:07:55,395
This is Tuesday's high rather.
111
00:07:56,145 --> 00:07:57,435
So I have a lot of things
going on right now.
112
00:07:57,435 --> 00:07:59,415
So I apologize if I confused any of you.
113
00:08:03,925 --> 00:08:06,775
Yeah, I wish I could see something
in all the ladies, a couple of gaps
114
00:08:06,775 --> 00:08:11,455
in here that if we see some movement
lower on the dollar, it sends this
115
00:08:11,455 --> 00:08:13,975
higher, uh, we have very fair.
116
00:08:13,975 --> 00:08:16,675
A tongue twister say our value guy.
117
00:08:17,980 --> 00:08:18,430
Right here.
118
00:08:18,850 --> 00:08:20,110
And we have one in here as well.
119
00:08:20,680 --> 00:08:22,870
So let's outline that just
in case we get some upside.
120
00:08:22,870 --> 00:08:24,400
You guys can study that throughout today,
121
00:08:30,170 --> 00:08:30,640
the air
122
00:08:34,730 --> 00:08:36,320
and right there.
123
00:08:40,100 --> 00:08:44,030
So there, there are ones to watch and
I'm just going to do one more quick.
124
00:08:44,030 --> 00:08:45,410
Look at dollar index.
125
00:08:46,620 --> 00:08:50,070
I remember the scenario I'm
thinking so unfold is that ideally
126
00:08:50,070 --> 00:08:52,200
eight, 15 employment numbers.
127
00:08:52,950 --> 00:08:58,020
They don't want to drop, or if
they do drop they'll drop down
128
00:08:58,020 --> 00:09:00,840
here, close this gap, then make
an attempt to rally fail up here.
129
00:09:01,020 --> 00:09:03,900
You want to see a failure up in
this area here, and I'll give you
130
00:09:03,910 --> 00:09:05,160
exactly what load and looking for
131
00:09:09,340 --> 00:09:10,570
last up closed candle.
132
00:09:13,110 --> 00:09:14,520
That's the body are there to close.
133
00:09:15,270 --> 00:09:18,690
Or thereabouts, I don't
care about this candle.
134
00:09:18,690 --> 00:09:20,430
I'm looking for the up candle.
135
00:09:25,390 --> 00:09:25,630
Okay.
136
00:09:25,630 --> 00:09:28,390
If you punch up above that, that's
the rejection block we would expect
137
00:09:28,390 --> 00:09:30,910
to see that fail and go lower.
138
00:09:32,440 --> 00:09:37,510
Ideally, you don't want to see
the eight, 15 news release or
139
00:09:37,510 --> 00:09:39,370
unemployment numbers to send the price.
140
00:09:41,175 --> 00:09:42,225
Uh, straight away, lower.
141
00:09:42,255 --> 00:09:43,065
You don't want to see that.
142
00:09:43,065 --> 00:09:46,605
That's why, ideally you want to see
it, come down here and fill this
143
00:09:46,605 --> 00:09:51,135
gap ahead of the house and then make
an attempt to rally on that news.
144
00:09:52,095 --> 00:09:56,625
And then they fade that just
below or above this here.
145
00:09:56,625 --> 00:10:00,165
You don't want to see it go above
this hot here, but just below it
146
00:10:00,255 --> 00:10:01,635
at, or just a little bit above it.
147
00:10:02,115 --> 00:10:06,105
That would be a perfect scenario to see
them fade that and then come down and
148
00:10:06,105 --> 00:10:07,365
make the run on the liquidity over here.
149
00:10:08,520 --> 00:10:09,689
This looks obvious.
150
00:10:09,700 --> 00:10:11,520
I don't think I'm wrong personally.
151
00:10:11,520 --> 00:10:14,640
I think I'm looking at this
and they set a red herring up.
152
00:10:15,210 --> 00:10:17,100
I think the real setup is
going to be driving down here.
153
00:10:18,120 --> 00:10:23,730
So the setup used at eight 15 news
may in fact, drive your dollar higher
154
00:10:24,720 --> 00:10:26,850
above this high here last Friday, sigh.
155
00:10:28,560 --> 00:10:32,310
And last Friday's higher
over here as well.
156
00:10:34,200 --> 00:10:36,240
So something we'll watch this morning.
157
00:10:38,800 --> 00:10:42,760
And I will keep you abreast of
our developments when we get down
158
00:10:42,760 --> 00:10:47,530
here, but it's, it's not terribly
a, life-threatening what we're
159
00:10:47,530 --> 00:10:50,380
having done with him, but it is
important that we get it looked at.
160
00:10:50,380 --> 00:10:53,410
So I'm not going to get any more
details cause people like to share
161
00:10:53,410 --> 00:10:54,640
my personal business right now.
162
00:10:54,670 --> 00:10:55,630
So, but you are.
163
00:10:57,300 --> 00:10:59,170
A member and I want you
to know what I'm doing.
164
00:10:59,170 --> 00:11:02,709
I'm not basking in the
sun at, uh, at Bermuda.
165
00:11:03,310 --> 00:11:03,699
Okay.
166
00:11:04,000 --> 00:11:08,770
So I will talk with you all later
on this afternoon by way of tweet.
167
00:11:09,160 --> 00:11:13,209
And if I can communicate anything
through Cody, he can post on the forum.
168
00:11:13,600 --> 00:11:14,589
I'll certainly do that as well.
169
00:11:15,339 --> 00:11:15,610
Good luck.
170
00:11:15,610 --> 00:11:16,000
Good trading.
13865
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