All language subtitles for March 01, 2017 Description- Price Action USDX - CAD - GBP - EUR

Welcome back folks.

1st of March, uh, new content coming,
we're going to be focusing on short

term trading, one shot, one kill.

So we're actually in my forte.

This is my, this is my go-to,
uh, uh, preferred way of trading.

So there's a lot more content.

It's, there's a lot more
stuff with this one.

And it draws on the things you've
learned in January and February.

So I think you'll be absolutely amazed
at what you've learned this this

time, because it's a ton of things
that we pulled together from January,

February, and plus some really cool
stuff that you haven't been taught yet.

And plus you get a lot of little,
little new toys where you're empty for.

All right.

So now what we're looking at, um,
yeah, this is the dollar index now.

I had to create another account
because I had to start the, my FX book.

So that way I can access things, uh,
cause I will be doing trading live

with, uh, the Robin's world cup and
I need to be able to have access

to that on this computer as well.

So, uh, and there was no trading done.

You've known that nothing
has been done, uh, but.

Transitions of adding a
live account to this laptop.

Um, it bumped four X LTD.

So I had to reload a snack to put two
different empty fours on this laptop.

So I don't have my
charts together for this.

That's why it looks rather lean.

I only have a PC here, so I got
to go through the process of

getting all that put back together.

But we talked about yesterday
in regards to the dollar index.

Um, we were hoping to
see this candle here.

Flip and have a up close.

And we did get that in fact, and I
wanted to read my little bit real quick.

Now that we're in March, we are
permitted to go down to an hourly chart.

So our timeframes will be monthly,
weekly, daily, four hour and 60 minutes.

We will not be focusing on anything
less than a 60 minutes chart

through the course of this month.

They won't be necessary to go anything
over there anyway, uh, but in April, we'll

go down and get a 15 minute and five.

But we, we eyeballed
these equal highs in here.

And I said that we would probably,
if we had an up-close here, we'd make

a run on the equal highs or the buy
side, liquidity equal highs, tabletop.

They don't like to stay in the market
very long and we've seen price drive out.

And then you can attribute
that to Donald Trump.

Speech or you can attribute to the fact
that dollar has not been able to go lower.

Uh, we were in net weekly bull shorter
walk that I don't have no to here,

but it's in your charts and send the
recordings over the last few days.

So we saw a low, a higher, low,
and another higher, low inside

that weekly whatever book and.

Couple that with gold.

Okay.

Notice I want you to, I don't have
gold on my chart here, but this is

what I want you to study this morning.

Gold made that higher high.

Okay.

And when it went to 1260, the dollar
index was failing to make that

lower, low, what would that be?

SMDs versions.

Yes.

So if we're looking for things to.

A directional bias on the dollar index.

What we'd like to use is the gold
market because they're completely

and utterly inversely related.

There is diametric imposed price
action with gold and dollar.

So if the dollar is going to go higher,
gold should be going lower and vice versa.

So if we're seeing elements to gold,
Making a higher high, and this is the

other, this is also going along with what
you heard me talk about the last two days.

I stated that I didn't want to
see gold make that higher high,

because if it did, it would change
the direction for dollar index.

And there's a couple of things I wanted
to see on fold for gold and silver,

but because it made that higher high,
I already knew that the likelihood

that dollar index was making that
higher, low already with this candle.

It's not going to bode well for
a strong gold market near term.

It doesn't mean it's top of the market.

It doesn't mean that we're
trying to pick the high.

It just means that it can't rally.

And it's probably going to want to
retrace deeper and not have that big wide

consolidation, like I was hoping for.

So if we're looking for bullish dollar
as they were as a result, and this is the

reason why I said we'll probably see this
thing flip forward and have up close and

then we'll make a run on equal height.

That would put selling pressure on
foreign currencies, which brings

us to let's go down to, uh, let's
start spreading our wings a little

bit here and going onto a four hour
and it'll drop down to a 60 minute

to see the equal highs in here.

Price has in fact rallied
up, cleared that out.

Now it's going to be interesting if
we consolidate in here or if we try to

kick back a little bit, I don't want to
see it come back down inside this range

anymore, because if it does, that's
not actually bullish because we've

already been in a consolidation already.

We worked around the equilibrium
price point between this

low and the high bat range.

This entire range is defined
by this high, in this low.

So we've worked equilibrium for a while,
tried to get below it each time when

higher and gold market made a higher high.

So we have a smart money diversion.

For dollar index.

I get questions a lot, you know?

Well, I can see how the dollar
helps the trades for SMT purposes,

for Euro and cable and all the, and
whatever, but you know, what do you

use it with in regards to itself?

Like how do you, how do you get the
rational bias with the dollar index?

We, you use interest rate
markets, but the best one is gold.

Gold is what you want to use for your
SMT divergence on your daily and four

hour and hourly sharp for dollar index.

No fared out most, most
important price, lows and highs.

So we seen the price come down, hit
this series of down candles, which

is what, what are we looking at here?

What are all these candles bullish,
shorter block trades right down into

the open here or alleys aggressive
link, right to where the bicep would be.

One hour chart.

We can see very, very, very
aggressive, uh, run above those highs

here.

So it's nice to see that my only
concern is, is it was a little

aggressive in getting to this.

And I generally don't like that kind
of movement because it means that

reaching four stops maybe to go back
into the range or even rape her.

So I don't want to see it, this go
up above here today on some kind

of irrational, exuberance over
something that Donald Trump wrote

in a speech or he was given and said
it, and it sounded patriotic and

now, or something we're looking for.

You know, uh, a multi-year
rally and the dollar index.

I want to see something with
substance, not just poke his head

above an area where we already
identified where stops would be.

So what I mean by that is this.

We don't want to see it come all
way back down inside the range.

If we do that, it doesn't
bode well for Bullis dollar.

It does bode well for a
longer term, consolidate.

But more likely they'll want to
come back down below these lows and

that's not, yeah, that's not good.

We want to see the market go
into a training environment.

If it's already shown a willingness
to break above these highs.

Great.

Let's see if it has some legs to keep
going higher because that'll give us a

longterm downtrends on our conscious,
and then we do all kinds of things.

Plus that will fuel our short
term change and there'll be very,

very easy to make money with.

All right.

So let's scoot on over to the Euro Euro.

We talked yesterday about how
folks are looking for trades and

you're not telling us what to do.

You don't give us any
ideas, blah, blah, blah.

Uh, I mentioned that we have a
higher high, higher high, and I

said that we would punch up above
here having a three drive higher.

And that would be the indication
that we probably see selling off.

At that point, if we get a bullish
dollar, that criteria was met, it did

exactly what we said would most likely
to happen is go down to a four hour.

So we go into a four hour chart.

Here's that free drive, higher
or three Indian pattern.

1, 2, 3.

So driving higher above these highs and
the bodies, these candles here, that

would be the short way of a railroad
track idea, price trading out, and

then rejecting and trading lower.

Really, really nice to see that
happen over a hundred pips given

to you there on a silver platter.

Um, we moved up into an old area
of institutional order flow.

1 2, 3 times can't find any legs above it.

It's gotta go lower.

This is the fair value gap that we
identify as a downside objective.

We fell short by, well, let's
see if I'm not mistaken here.

First, the lowest 1 0 5 26.

Today's low comes in at 1 0 5, 26.

So we, we essentially hit it,
but it didn't trade down into it.

So that rain surely should
be up touching here.

It just moved the box a little bit.

So it's already hit the level
that we would already look for.

So there we go.

So there were a hundred pips there.

Um, let's see.

Yeah, the four hour we're showing
us look at that 60 minute chart and

see if we can pull out anything.

Yeah, I think we might say a little
bit more to closes and watch the

high on this candle here at 1 0 5 20.

I also is an institutional level.

So just be mindful that if we hit that
we might get a little bit of a bounce.

Um, if it does bounce, we'll
probably want to close in this.

From this candle's low
to this candle's high.

So that would be, that'd be a fair value.

Got to fill in for I'm 1 0 5
51 to 5 55 in that ballpark.

But apart from that,
it's already moved cable.

All right.

So we talked about yesterday, all
the buy stops and all the buy-side

liquidity has been absorbed, and we
would look for moved below this local.

And below this low here, and then
really try to drive for the sell side

liquidity below the bodies of these
scandals informal formal rejection block.

So obviously you can see the prices
already started declining for our

in here, expanding, reaching for those
levels of liquidity below the lows.

We were mentioning yesterday.

Really nice movement below here.

I don't see a Bush or blocking.

To look at like, okay, it's a
BI, I don't see that in here.

I think if it's anything it's going
to be a drive down below this candle

in here, the body of these counts.

So what we have identified that 2265.

So we'll look for 2265 as a downside
objective from where we're at right

now, where we are at the moment we could
come back and retest this 2335 to 2349.

That could be a short term, low broken,
uh, support becomes resistance idea there.

So just be mindful of that
and well, a one hour basis.

Really nice price action there.

It's nice to see things
finally moving around.

All right.

Surprise.

Uh, look at that little
fair value gap in here.

Closed in.

That's nice to see that price
aggressively trades lower notice.

There's no remaining equal highs
in place, except for the, obviously

the longer term ones here.

This one here, but this one, but there's
no real shorter term side to this that

it can get to in your, like in close
proximity, it's got more likelihood

to go below and reach that 2265 level.

We meant.

At a downside objective before
going up and ever considered

getting these levels up here.

So it was already, it's
already worked the buy side.

It's already taken those people
out that are wanting to sell it.

So nobody's really positioned to go
short on this only fund basis because

they've already been knocked down.

So they've been unseated to
now the market's dropping lower

and sympathy in regards to the
higher pricing in dollar index

cat.

And hit our level.

We were looking forward to move above
the body to the candles in here has done

so rather aggressively after hitting
our down candle on a daily chart.

So this is a discount PD array.

It's inside of the range from this high
to this low, I said that gun to my head.

I like to see them run above
here by these equal highs.

And if it starts to run above that,
the next level you be considering

is over here above the candles body.

Not this as a bear shorter block, I
was never noted as concerned because

we've already passed through this
once already, but this big WIC.

So you have to go to where there's a
long with candle making the high, the

rate to the bodies of the candle, and
that's where it's going to reach for it.

Cause that's where the
liquidity is on the buy side.

And it doesn't mean that price is going
to stop there or that it will stop there.

It just means that that's
where price will draw.

That's where we're going to,
where they're going to look

to upload any long positions.

Obviously, you know, they're long
because the price has already

been moving aggressively higher.

Now here's the part of the
presentation I want to do in closing.

I want you to take a look with, they
can look at this price action in here.

Okay.

We have a low, a higher, low,
I did not like this in here.

Okay.

I did not like this low.

I didn't see this as a
potential buying here until.

We got above these candles in here and
you'd go back and watch the recording.

Jackson, hear me say that I wasn't
interested in seeing this pair go

along until we went above here.

We did that right there
on price traded back down.

Notice there's still a lack of any strong
buy for a bullet or a block on a daily.

What gave me the, uh, the inspiration?

If you will, to think that
we were going to go higher.

I told everyone to look at, uh,
Canadian dollar this evening here.

Then we saw the price trade here.

Go through and now we're seeing a
little bit more file through today.

Okay.

So we're looking at the Canadian
dollar futures contract.

And I don't recall what video it was,
but I know I brought up Canadian dollar

futures contract in recent months.

I don't know where it is exactly,
but I know some of you that are

insanely detailed oriented, which
also thankful for, cause you,

you actually helped me out a lot.

The, uh, the highs back here,
these equal highs, I mentioned

that that was a very clean, low.

Easy buy start liquidity pool.

So we would probably see
Canadian dollar run up here

and hit that has done so right.

So we had the equal highs in here
and price sweeps above it in here.

Now it was rather muddy and real
sloppy in terms of it could have went

higher if we saw dollar slip a little
bit more aggressively, but it didn't.

And we started consolidating here.

But once you take a look at what
was, what was open interest doing?

This is what I was watching the
other day when I watched, uh, our

U S CAD pair on the futures market.

When we broke above that daily, a
breaker, I'm sorry, a rejection block.

When it traded above that, when we
pulled that lower then, and only then

was I interested in seeing it go higher?

This consolidation in here all
through this block of price action.

Okay.

This big range in here.

This is a daily timeframe.

I want you to take a look
at the open interest.

What was going on then?

This is that purple line right here.

What was it open-ended is doing
at the time when this was going

sideways with the open interest
declining or was it increasing?

That was increasing.

Exactly.

So the open interest is increasing
that measures the commercials, offering

liquidity or selling it to the public.

Now, if Canadian dollar is the commodity,
who is the producer or the provider

of that market, the central bank.

Okay.

So if open interest is increasing at a
time when it's consolidating, that means

that we're seeing a heavier position
built in that the banks are certainly

comfortable offering that currency.

Otherwise they would be doing something
like this, a big drop down like that.

And that's why you see this big
pop-up in the Canadian dollar.

All we did was cleared out the buy
stopped above here, right there.

Okay.

Now that's what I'm trying
to tell folks all the time.

You don't have to be
in at the actual high.

You don't need that.

You just need to get the
meat in between the move.

So once we get more evidence in here
building the idea that either they want

to go higher, they want to go lower.

They'll give you an indication
what they're going to do

before the big move happened.

We talked about Canadian dollar.

I told you to look at it, watch it.

We talked about the levels.

It would be reaching for the
equal highs on our U S CAD pair.

Open interest is increasing
during this consolidation.

I'm sorry.

I'm sorry.

I heard my son calling for me.

I had to make sure that, uh, he was okay.

Ly folks.

I'm sorry.

It's a live session.

You get this and they're
in, they're in school.

So I have to be mindful.

The, um, so we had a consolidation
and open interest increasing.

This is indicating that the commercials
are willing to be selling more of it.

And price has already moved to
an area of running by stops.

So if we see this okay.

It indicates that there is a strong
willingness for the Canadian dollar

futures contract to move lower.

So if it's going to move lower, that was,
that would do what for our us CAD pair.

What direction would that be?

Exactly.

Exactly.

So I haven't had a lot of opportunities to
show you where open interest is increased

inside of a trading range to facilitate a
barest idea or confirm something bearish.

But this is one of them here.

Canadian dollars.

Go back to the, uh, price,
failing to make a lower low here,

failing to make a lower low here.

Okay, great.

It's wonderful.

You can't get the low.

You can't get the low.

You can't get the low.

No problem.

I was looking for it to break down here.

I was looking for it to break down here
and I wanted to see if it wanted to go

lower here, but it failed once it failed.

This became more in influence.

And that was what we were looking for.

I said, moon, we're looking for price
to break down in this area here.

I wanted to see it go lower, but it didn't
want to do it, but I did not want to

be a buyer until we had this area here.

These bodies of these candles, blown
out, notice that we didn't make a

higher high in regards to the WIC.

Notice that to go back and
listen to the recording.

All I care about is moving
above these candles bodies.

Remember the WIC is
not that big of a deal.

It's only a big deal when
you, when you have your.

Um, you can't see my cursor.

Have you always been that?

Has it always been like
that or just right now?

You can't see it.

That's weird.

Yeah.

I'm not sure what's going on.

GoToWebinar's acting up, but
it's the high on the daily at

February 7th and February 8th.

Wants those candles loose bodies.

I'll put some lipstick on
the chart with graphics.

The, uh, once that, uh, those
bodies and those candles have been

pierced on the 22nd of February,
that became a, an approved potential

buying scenario, but I didn't want
to buy it without further evidence.

And once we traded through
this down candle here formed

on the 23rd of February.

It was traded through on the
upside on the 27th of February.

Once that occurred, then we have
obviously a reason to suspect

price is going to go higher.

You're not getting the absolute low
when it's muddy, when it's choppy.

And don't worry about trying to
get the absolute low or high ever.

Don't ever try to worry about that,
but you can see that there's a

large mood that's available to you.

Once you see the evidence is that
there are reasons to suspect it's

going to go higher, equal high.

They were our first target.

And if we continue through, we
mentioned that there was no necessity

to hang our hopes on this last
up candle formed on January 19th

as a bear shorter block, because
we've seen all of the down candles.

Okay.

Especially the one on the 24th
of January, it had high WIC.

They treat you back
almost entirely to the.

Down closed bodied candle
formed on January 23rd.

So there was no real solid bears or
block in regards to the daily U S CAD.

So if it's going to trade higher,
it's certainly going to go above

the candles body, especially.

Kandel formed on the 22nd of January.

And we've done that today.

We've we've pierced that
convincingly it's traded through it.

So now we're going to look at what
level we would be referring to next, and

that's going to be honed in the form of.

Mitigation block right here
formed on December 20th, 2016.

We've already traded to it here on
January 20th, but I think we're probably

going to make a run above that height
a little bit deeper into the mitigation

block formed on the 20th of December.

And then above that we
would expect to see.

We have a fair value gap up
now that's not a breaker.

There's no, there's no swing high
because the down candle is higher.

So on the 20th of December,
that higher high, it clears out.

There's nothing.

There's no swing high.

It's lower.

We have a candle price delivered on
the upside here and prices the liberal

and upside to that level right here.

So we have a little bit of
a range we could fill in.

So from the low formed on December
27th and the high formed on.

1 34 96, the high that was
formed on December 30th, 2016.

I think that may be where we're
going to try to reach for it.

And also if it's going there, we
already know what we are leaving in.

Tacked up here.

What's this up here
all the way at the top.

Right there.

So we have double top up here, huge,
huge pool of liquidity on a fund level.

So they're going to want to come
back up there if they get to this

level here in the fair value.

Got that would be the question is, is why
am I looking at the only, the last ups?

That's where price broke away from
for the high, the, the last, uh,

the highest candle is a down close.

So prior to that, the last up
candle, we want to use that.

That's our reference point where
price has left to highest point.

Notice that from that last up
candle formed on the 27th at seven.

Price makes one big
down candle on the 29th.

And then the very next candle, it opens
trades up a little bit with a small wick,

similar words on a 29th price has been
only delivered in that smaller range.

That's been defined as this shaded
area, that one candle, that's all.

You're looking for.

That one candle that trades
through a specific price level

or a range once we have that.

Okay.

If you want to talk about zones
like, like supply and demand zones.

Online trading academy Tim's site
in or whatever his name is or w or

Sam site and whatever his name is.

Um, they're the only zones that are
of any merit or this a fair value gap.

Okay.

We're closing a void that, that if you
want to look at that, that's a, that's,

uh, an area that you can call it a zone.

Okay.

Cause it can go up and close in
partial portions of that area, but it's

going to go to a solid round number
or a five level inside that room.

Okay.

So just understand that that's
how I'm defining it and that's

how you pull out their value gap.

And I think that's going to be it
because if I go through anymore,

it's just going to give you guys
more interest to put more questions

up and I'll be here for a full hour.

And I got too many things to do today.

So in closing, just think about this
pair potentially going up to that

level around that 1 35 big figure,
potentially up to 1 35, 15, maybe 1 35 20.

I'm going to look to get your satisfaction
agreement out to you this afternoon.

Hopefully before I get your,
uh, afternoon recap, video

up, um, if you don't have the.

Email after I say, I want to
send you a tweet, let y'all

know that I have sent it out.

Everyone that is going to receive
one cigarette would be receiving

it by the time I give you a tweet
saying, okay, start looking for it.

If you don't have it within an hour
and a half to two hours, after that

tweet, chances are something's wrong
and you'll have to just reach out

to me and then I'll have my son
directly send it to you that way.

As far as the PayPal and
payments last night, I had 300

payments come in at one time.

I've never had eight
o'clock, uh, transactions.

And I think it's because
of February being a short.

I don't know how your
payments are going to process.

So if your payment usually is a
29th, or if your payments on a

30th, I don't know how PayPal is
going to make that transaction.

So we don't have any lessons
coming out this Friday.

Anyway.

So that's, that's a blessing
there because it gives me time

to work out what I need to do.

I'm only canceling access to the, for
people to have canceled their membership.

So I have four.

We'll be blocked.

Everyone else that has had
skipped payments, um, allowing

all the way up to the third.

Okay.

And the third, if we don't have
your payments with us, reach out

to you say, Hey look, you know,
can you just do a direct payment?

And if your payment comes through
automatically processed, I'll

just refund that I'll eat the
loss on the transaction costs.

I've done it with other people.

It's not a big deal.

It shouldn't be that many of you
doing it that way anyway, but just

to make sure everybody's okay.

Oh, you know what the terms
that you use, we have to have

everyone paid by the third.

It makes it easier.

It saves on all the administrative
time and aggravation.

So just know that I'm not blocking anybody
that hasn't made their payment yet.

I'm allowing PayPal to sort
out what they have to sort out.

But we had a big block of payments come in
last night and I don't know what the, what

the payment schedule is going to be today.

Usually I get it between
10 o'clock and noon.

Last night, I got 300
around eight 30 and 8 45.

So we may get a wave of payments
today and your payment may process.

I don't know the answer to that question.

So like I said, this isn't my first
time dealing with them and this is our

first time going through a February.

So we don't know how they're going
to process it, but don't freak out.

I'm not trying to block
people to hide stuff from you.

Just relax and loose.

Let's see what PayPal does.

If it processes it, you know, today
or tomorrow where it certainly by

the third, I mean, you have to,
the third, I give you a great.

But any cancellations
they get next immediately.

So you get today's session if you've
canceled, but after this, you won't

be here to get, you won't have access
to get into the afternoon recap video.

Okay.

So if you, if you're hearing,
you're listening and you cancel your

payments, oh, I wish you good luck
the training, but you're, you're done.

So apart from that, everyone
else will be left, intact.

Like the third is your grace period.

And, um, we'll work with those individuals
that haven't had their payments process.

By then no, I had to just reach out to me.

I'll let you know when the
payments have processed each day.

So that way you can keep tabs on what
you should have had processed in terms

of your personal payment, if it hasn't
processed for that particular day.

And it's the third chances are, you're
probably not going to be in time.

So we'll have to make some
kind of arrangement where you

get it sorted out with me.

Okay.

And until then,