All language subtitles for June 12, 2017 Monday New York Session Recording EN

All right, folks.

Welcome back brand new week four X fund.

All right, so we have four factories
economic calendar of today.

As you can see, it's a barren wasteland.

Nothing's really you on the
news front this morning.

So all we're gonna do is
go over our key levels.

And what were we expecting for this week?

We have a very busy economic
calendar on Wednesday.

We have FLMC business.

So let's scroll over that real quick.

Tuesday's economic
calendar, 4:30 AM the CPS.

PPI and RPI one high-impact
to meme impact UVP.

And again, like I said,
3:00 AM New York time.

I'll have the commentary and what I think
may unfold for pound dollar tomorrow.

5:00 AM.

We have a medium impact era news,
not to concern about that one.

Uh, 8:30 AM will be live.

Tuesday's trading and a Wednesday.

And that's when this, this
is like, forget about it.

Don't even try to trade this day.

So whatever it's going to happen,
probably going to happen tomorrow.

And then we'll see what the effects
are based on all the high impact news.

It's.

Uh, well Nick said it's two o'clock
in the afternoon tomorrow, Wednesday.

So, you know, what's going to happen.

The market's going to be most
likely in a consolidation.

It may go into a London.

And consolidate going into to two o'clock
and then we'll have the heart attack move

that takes place around FMC business.

And then Thursday should be
a little bit better trading

day for the New York session.

We have unemployment claims and then
we have, I get this old box on my way,

um, to meme impact at nine 15, which
is about 15 minutes for equities.

And on Friday, we have a New York
session CAD event that may be unfolding.

So we'll be watching that,
just go over to the charts,

take a look at what's going on.

See if we can outline some key levels
for this week's trading and K we have

the dollar index we've yet to still
come down and touch that daily wick

over our own daily over night, November.

Around the Donald Trump business.

We've had a nice little pop
away from the 96 50 level.

I came up and did a bear shorter block and
here I would rather see it come home, hit

the rejection block, but it's not done.

So, so we have a little bit
of a fair value gap in here.

That's almost closed in from
this candle's high at 96 96.

So far today's low comes in at 9,702.

So we have potential to
come down a little bit more.

We also have fair value gap.

Hourly as well, uh, that comes
at a high of this candle, 96, 99.

So that may come on here and
clean it up a little bit.

Apart from that, we don't have any
efficient moves in here at all.

Everything's really well balanced.

So it takes us down to the
liquidity pool right in here.

If we go any lower than the gap,
um, without any news, it's probably

going to be slow and not eventful.

So.

Yeah that mind for today.

All right.

So you were a pound ended up going above
our high, over here, cleared up to buy

stocks here, cloud to buy stocks as well.

It doesn't look like it's done.

It looks like it may want to come up
here a little bit higher with a little

bit of a fair value gap right in here.

That's outlined that this bold, okay.

Go into habit.

I'm taking this off before I
sign on the line with you guys.

I ain't gonna monkey monkeying
around with this business.

All right.

So we have.

A figured that you gap up to eighty
eight, eighty we'll call 80 85.

So about 35 more pips for Euro pound.

That bodes well for weak
cable or strong Euro.

So that'll take us over to Euro dollar.

Now Euro's held out, they kept
economic, uh, basically stemming.

This is the way it is.

They didn't make any changes last week.

So I like these equal high still that's
still may be a factor for blowout.

And if we've gone through that,
that'd be like a 1, 2, 3, and maybe

come down closest fair value gap in.

So with the Europe pound being bullish
up to the 80, 85, We can potentially

see if cable stops declining, straight
like that cable stops dropping.

The outcome would be, we expect
your dollar rally up, clear

out these by stops in there.

It is.

Now we do have a small little
up-close candle in here that I'm

getting questioned about an email.

This is also inside of this candle
here to larger up-close candle.

This is the.

Bear shorter block.

So while you can worry about this one, if
you want, just go to the main threshold

of this one, and that should be, if it
goes above the main threshold of this

last of claims candle or the largest
one, because that's the biggest volume.

The range on this is 1 12 88 in the
range on this candle here is 1 12 87.

So this closed candle is inside
the range of the more parents.

They are shorter block.

So.

This one's going to be subordinate.

So that's the mean threshold.

This last close candle.

That's the, uh, the line of the scene.

If you will, it crosses over that.

It's going to clear the bike stops
as long as it stays below that.

We're probably gonna look for a move
down to closing this gap here and

immediately, I don't know yet too
early in the weekend, if nothing

really driving fights around today.

So I'm looking primarily for a failure
at the mini threshold with this

last up close candle and all this.

Just for the sake of having a chart.

Now I'm actually get the real
number, done the recap today,

suppose to develop park number here.

So we'll talk, I'll say 1 12 45, 1 12 50.

Basically, if we get about 1 12 50
by staffs or on jeopardy, they'll

run those before they take it lower.

Or maybe even go higher.

I mean notice, but I think the trigger is.

We have to stay below 1, 12 50.

So if we break down a roll over, say,
we make the high the week today and we

start to trade lower all eyes, go to this
right here, not for the weekly objective,

but for a swing trade short term idea.

That may be the outcome here.

Especially if we fail to go any
lower on a dollar index, it doesn't

have to go down to that long wick.

It could be actually showing
relative strength, say, no,

I don't want to go any lower.

While the other foreign currencies were
able to make perspective higher high.

The intimidate price action
here where other new money it's

reaching, reaching, reaching.

I think it's probably going to
make an attempt to come down and

clear in this by stop area in here.

Little clean area reading here
right before the close of last week.

Uh, we gapped up closed the.

Sorry, the tree a little bit higher.

Didn't have any real momentum except
for the move off of this or block here.

So nothing real significant on the upside.

And you would've thought that it
probably would have expanded a

little bit more, especially if it
wants to gun for these equal highs.

No news.

So you're getting a lethargic price.

Action.

Let's go over to the table.

All right.

So we had the 1 29 80 up in
here as a target for last week.

It got up to it.

One more pickup.

And see what the highest, I think it's
1.8 1 29 81, and then it fell out of bed.

Um, may Trump apparently didn't get
elected or whatever, and that caused

some shockwaves through the UK.

And there was reverberating in the pound,
uh, price tumbled all the way down to

300 pips or so came back up into an area
that makes no sense here on the hour.

Let's take a look at
a 15 minute timeframe.

If there was anything.

Do I look at

and just the bears over, blocked
it, in my opinion, went too far

ahead, left, equal highs in here.

So that may be significant.

A Watson rejection block down here.

Let's clean this level up a
little bit better and put it on.

Not that I choose a horizontal one.

So we'll look at the load close here
and we'll watch the Ethica assembler 1

26 56 and rejects a weekly objective.

He goes to these by stops and maybe
even an attempt to get above these

highs, to clear up some of the range.

I don't think it's going to
try to completely fill by then.

The largest trail and, uh, by stops
on short-term any way about this high,

not these down in here, even though
these are equal, these are equal.

It's a Bystolic liquidity pool.

What?

1 12 75.

I'm sorry, 1 27 75.

And then at 1 20 20.

So there's your buy-side
liquidity reference points.

And again, I'll give you all that
stuff in the recap for today, but,

uh, let's get back out to a daily.

We have a little bit of a fair value.

Got remaining down here.

I gave you a couple of
different lines to look for.

If we broke down lower, uh, it met two of
them that did not have this on the chart.

I just added this one this morning as,
as quickly reasoned through the charts.

Uh, the.

Remaining inefficiency
is still remaining left.

Open.

This WIC almost came down to this high.

Um, I don't think that's
going to support price.

If it's going to come down, it's going
to come down and close in this area

here and add that to our chart now.

So if we get a little bit of a
rally of a smaller fair value got

right here on an hourly basis.

So if we get a rally up into that
area, that may be a catalyst for a

short, the cake is down into the level.

I'm going to outline and again,
on the daily, give me one minute.

So we have a fair way
to get right in here.

And couple that with

premium to discount, you have a
range as to say this is the low.

Here.

If we trade back up, it
takes us into equilibrium.

If we go down below the lowest close here,

right there again, that takes us
still on an equilibrium price point.

If we go down, say we go down and
expand and we blow out the low

from last week, or what is that?

Uh, is it I've been away from
the markets for a couple of days.

Can you give me a second here?

Um,

June 9th low.

So if we go through that, so we just wipe
out that low by a few pips right here.

That would take us up into
60% retracement level.

So that may be the catalyst that they
ended up taking us below these lows, and

then come back one more time and then
maybe make a more meaningful decline

soaps that are going to be looking
to take profits below here that are

already short to think an opportunity
to get off at that price point.

They're gonna want to do
that once we get down there.

And if it rallies again, Interest
will be at this price level here

towards the lower end and on the
aiming for 25 95, 26 big figure.

So that would be about, get to sound
my way, be about, um, 80 pips or so.

Give or take because I'm going to
be getting out early and getting

in early if I get it at all.

So that's about a weekly
objective I'm looking for.

So that's the scenario
I'm looking for for cable?

Um, apart from that, I don't see anything
below it, except for this one in here.

So we have a little bit of a fair bag
gap, but that's the night that may be

a little bit too ambitious for right.

Uh, but that would be a swing objective.

So if we get back up into this
area here, those individuals

like to do longer-term place.

Uh, we could look for a short
here for what's at one kill

taking us down to this level.

And if you can do a position size
large enough to promote an opportunity

to take profits here and leave a
little portion of one predominant

here, that would be a good scenario to
outline for a case study for yourself.

It's a wild line that here we have a fair
value gap denoted by these two reference

points here only buy-side delivery.

Here we get down below this,
obviously it's way down here.

We have a couple in here, one
south side liquidity pool.

Fair value here.

If everybody got down here,
so that may be a a month and a

half, two months out type deal.

But.

This is your swing trade objective.

Your one shot, one kill is
here and the setup is in here.

So we'll wait for that to come back.

If it's coming back at all and may
not do it, may have to come up with

a different scenario to do this idea,
to get down here and close this.

We'll wait, and let me think.

Um, I don't have them up,
but this is because we have

nothing really going on today.

Let's throw up.

Oh, a cat.

Can I have, by last week before we broke
away from one another for a few days

and paint that pretty good, then it's
obviously given us back all the gains.

And I think if we go out to a daily
chart, this'll be a little bit

more clear what it wants to do.

I think that we have this area
rate in here plus the order block.

So I like the idea of
dollar CAD following.

Alicia keys just came to mind the down
close cannibal shore block and fair value

got right in here so we can anticipate
price train down to that level here.

Now, if we get, if it gets to 1 33,
If it gets to that level, we could

potentially see it, pop, trade up
and blow out the buy in here and then

clean up the fair value gap in here.

So let's outline net.

I'm not looking for a total
breakdown on this, but I am looking

for, and let's use this one.

Let's be conservative.

So 35, 65, 35, 70 as an upside.

I see that after.

This level.

So it's, this is what we're looking for.

Just something you guys
can study this week.

It may not pan out the entire week,
but this is what I'm anticipating.

I have my other laptop on

and I was looking at us.

This is what I'm thinking.

Say that you got bullish or block down,
then basically the bus stops out and

closed the fairway gap here then maybe,
maybe, I don't know, for certain that

I'll know, I'm not trying to forecast
too far ahead, but if it did something

like this, it was swing high, say it
trays down to that level and does what

we're expecting or that I'm outlining and
trying to sell the idea to it was right

up to 70 point 50 or the sweet spot,
the optimal trade entry then from here.

So off.

We're on for the fair value.

Yep.

Right down in here, right
below this area here.

So it'd be a nice area to self
short as swing trade, pick up the

also accumulation for recover
for our self stops below here.

So selling here, buying below the short
term low, where stocks are going to be.

So I'll stop so we can cover that.

And it goes in the fair value gap in here.

And maybe if it gets a little ahead
of itself down here, not so much

here, it's too close to your block.

I don't like that so much.

I like this one here.

It's a little exposed to equal highs.

So a little bit of a range in here
that might need to be cleaned up.

So that's a scenario like for
dollar cats and watch that one.

And we'll add just for spits
and giggles, the Aussie dollar.

It's got to it daily.

This one here, it looks like
it's found its wings again.

So I like this.

Hurry up in here.

Maybe drawing up that rebalance this
dry plus we had the biceps resting

above this old high and let's do
some swing projections on the FIPSE.

If you get any compliments on them.

1 62 extension takes us up there as well.

So that may be an area.

And we also have a fair bay
gap up here and it was left.

Open.

So, if we continue to see bullish
dollar ALTE dollar, rather, this

could be the, uh, the levels at once.

It may be drawing.

This is a little bit more of
a swing trade perspective.

These aren't short term day trade ideas.

I think these are gonna be longer
term draws on product price.

The

Margaret structure's certainly
looks like it wants to try to

make an attempt to do that.

And then if we get through here, then.

Go through what I was trying to
do earlier in the year, make a run

for those 70 eights, maybe even
79 as a longer-term objective.

So we could've been, this is the
big wave up here, and then it comes

back down as retracement and then it
makes another impulse price swing up.

And if we get anything in terms of
measuring move from this low to this

high projected, let's do that real quick.

So you can see what could potentially
be going on, but too early to tell.

So we have this range and

projected from this low right there.

So all I'm doing is
focusing on this level.

To this high and shown graphically the
range and in projecting from this low

up, that takes us into essentially the
79 big figure, which is what I was aiming

for in the first quarter of the year.

So

a little bit shorter term basis.

It could just could leave where we're at
right now and never come back any deeper.

That's one scenario you could
just start reaching for.

Or if we go into an hourly
chart, see if we see anything in

there, um, and left the gap open.

We've had 1, 2, 3, 4 market
structure, higher swing, low

intermediate term, low swing, low.

So mark structure implying
that we could be right.

Maybe recommend Brian for this
high here that could happen today.

So we can look for the run on 75, 65, 75.

70 S E N S like an intraday
objective on this pair here.

I think that's about it.

Um, check one more time on that dollar.

Yeah.

So we don't have anything
that we can actually do today.

But we have some levels.

We that one again, I'll have them on
our chart index for today's recap.

I will have it for the Aussie or
cat, but I will have it for the Euro

and cable and dollar in European.

The, uh, I got a few questions
by email, um, that I was reading

on the way back from ocean.

And it said, uh, basically
the, uh, are we going to touch

more on commodities and yes.

Uh, in August you get, like I said,
you're going to get top-down templates

that take you through all of the
major asset classes, all for the

lawn trading, the stock trading, the
Forex and the, I miss here, index

trading, bond, commodities, and stock.

So you'll have all that stuff in for it.

So you have a whole list of.

What it is, you got to do step
by step by step, what you do

on a day to day by day basis.

What you do, what you wait for, it's
all, it's a flowchart type thing.

So it leads you through the entire
spectrum of all four major asset

classes, but it also takes you
through the spectrum of how I trade.

So if there's a really new
opportunity in Forex and either

something in the commodity market,
how would you go about doing that?

That's what August is all about.

So August it's jam packed with.

What to do when to do
them, why not to do it?

So everything that we've been
leading you through for months,

all the content it's really given
you as a trading plan, I'm actually

giving you my personal trading plan.

So there's no.

There shouldn't be a plethora of
questions really after August, but I'm

making myself available all the way
up to the 1st of December so that we

guys have, you may not have a question
right away when you start going

through it and something might pop up.

It may happen six, eight weeks later.

And that's why we have
the additional time.

But August is entirely all
of my personal trading plans

from the whole macro personal.

What I look at, how do I look at it?

Why I look at it?

When does it make sense to be
treating ones and not to be making

sense to be treating what asset
class should be focused on right now?

And when you're not suppose
to be trading one, what makes

those conditions appropriate
for that, that thinking process?

So again, like I said, you'll know
everything that I knew and how I

know what to do in the marketplace
and when not to do it doesn't mean.

Yeah, never suffer a loss.

Cause obviously I take losses just
as well as anybody else stuff.

But when the markets are really moving
well and they're symmetrical know you're

not going to find anything better.

Trust me when I tell you that you'll
never find anything better than

this, but when it's not speaking
clearly, you know, and you gotta be

comfortable with sitting on your hands.

And that's what separates the
traders from those that trade for

a little while, get lucky maybe,
or just blow up their account.

And that's not what you want to do.

So.

I appreciate you guys.

Give me an opportunity to do
what I do on Thursday and Friday.

I am regretful.

I'm burnt up.

So I tried my best to stay out of
the sun, but it didn't work out well.

It's found me sitting
poolside under the umbrella.

So I dozed off and half my faces.

Oh, crispy on the left hand side.

So I'm not even equally burnt.

I'm just half of it.

So I'm like to face,
but that's it for today?

Um, again, I was like I said, I wish
I had something we can go on today,

but we don't have anything to work on.

We have no news drivers.

But it was just simple quality runs.

Um, you have things that look
at outlying on your charts.

I'll give you more insights
about that based on today's club.

And it will be alive again
tomorrow eight 30, New York time.

Again, as a reminder, 3:00 AM New York
time, please don't check any sooner.

Don't send me emails or send me private
messages on the forum to, Hey, look, you

know, where's the case study for London.

It won't go up until 3:00 AM.

New York time tonight because it's
a four 30 news driver on cable.

I want to have a little bit
more price action behind me

before I make any observations.

And until then, folks, I
wish you a pleasant day.

Go look at trading and I
will see you live tomorrow.