All language subtitles for 030817_l

Okay, good morning folks.

Welcome back.

We're gonna get right into it today.

Again, another brief session
making observations and things

to expect for this morning.

Okay.

We have moved up into the last up
candle here formed on March 2nd.

We were looking for.

But trade into the 1 0 2 big figure.

Today's high is 1 0 1 point 98.

So we're still looking for
a potential move into that.

Now I don't want to see
rejection at that level.

I want to see it go through one or two
big figure in tray through this old high.

That's what I'm wanting to say.

I want to see that if we sell off
from here, what that's going to

indicate is we're probably going
to stay between the range created

from this low on February 6th.

And the high formed on the 2nd of March.

So again, we're looking for movement
through 1 0 2 expansion and make a run

into that one or two 20 to potentially
into one to two 40 in one or two 50.

That's what I'm looking for in terms of
expansion for dollar index Euro pound,

we've cleared out the buy-side liquidity.

So far, we've had multiple days in a
row here where every time we meet a

higher high, they keep giving it back.

So there's a lot of
distribution going on in here.

So it may hopefully allow Euro dollar
to catch up with the pound's decline

and also allow this a European
to get back down into this 85 96.

You're a dollar.

We've seen some weakness today.

Let's go into a hourly chart.

Okay.

We had a small little cell stop liquidity
pool we're thing below these equal lows.

And we have a fair value gap down here.

So there's our objectives
we're looking for.

So let's look at what that looks.

Here.

So the closing that gap 1 0 5
30 potential downside objective.

Uh, we broke this area in
here with market structure.

Try to retest it again.

The last two candles in here on the
alley chart at this, seeing this

runoff taking out the bodies of
these candles here, that's a runoff.

That's a rejection block run on bicycle.

So every test back into Bama.

These last two candles has been so
far my intention for this morning per

Euro dollar, and it looks like this.

So the gate expansion on the downside,
we want to clear out these cell stops,

but in more convincing fashion, just
then going below a little bit, we want

to see it we're on the way through
it and in trade down into the 1 0 5

thirties, uh, that would be, uh, A nice
run, allowing the Euro pound to get

in a little bit more of a retracement
lower and move in sympathy with the

stronger dollar and weaker cable cable.

Finally hit our 2160
level traded through it.

Actually today we had
a low so far at 2139.

Uh, we do have that smaller.

A fair value.

Gavin here where a price has not
been offered on the sell side.

Only on the buy side delivery
is even a little bit more.

So this candle right in here, okay.

Between this candles low on January 13th
and the candle formed on January 16th.

Hi, that gap in price.

That's what we're looking for
to be closed in and rebalanced.

So price.

I'm not saying it's gonna do it
today, but it should eventually get

down here and closing that range.

Now, if it does that, I don't
think that's going to be, um,

the S the floor, if you will.

I think that's, it's an objective from
where we have been trading from, but if

we trade back down through it and come
back up into it, that will be a later

sell scenario for me for a swing trade
with not had any retracements in here.

So we have to wait for the market to
hit our objective, maybe trade through

it, ideally, but leave this low intense.

Then come back up into this fair
value gap and it should act as a

resistance level and I'll give you the
level I'll be looking for in advance.

Um, I will look forward
to 21 big figure and 2090.

Um, those are the two
levels I'd be looking for.

Again, it has to trade down through it.

Keep the low over here formed on.

January 16th, that lo
has to be kept in tact.

We can't trade through 1 19 88, so it
has to trade through the fair value

gap and then come back up to it.

Retest it it'll act as resistance.

Great in here.

And if we get 1 20, 90, or 1 21 big
figure after that, uh, that framework

is seen, if it happens at all.

And they're saying, if it does,
that'll be a trade I'll take and

I'll look for further breakdown
going to one 18 to one seventeens.

Uh, cable, but right now it's
just simply a still expanding,

looking for our lower objectives.

And again, I'm a little disappointed
because I didn't get any kind of a, a

wick or try to run above these bodies,
which is what I was looking for this week.

It didn't do it.

So that's a missed opportunity
as much as I want to love.

It'd be a part of it to
get down to this level.

I couldn't get anything in here
that frames on a short-term basis.

So day trading washer.

I could do it, but that's
not what we're teaching.

So nonetheless, we're seeing
the levels being hit or, or

calling, but no action there.

All right.

So Aussie had a nice reaction
off their 76, 20 level we've

indicated, um, as a potential sell.

I am not for disclosure sake.

I'm not short.

Um, I like the fact
that we did break down.

$1 strength.

So it's finally again, supporting
for the downside, maybe on this pair,

fundamentally, it's still strong.

It's held up rather resiliently
against like for instance, Akili.

Um, it's also held up well against
the dollar strength for months.

So I would require if this is
a market maker cell profile, I

would rather see it trade below
these down candles here and here.

And then come back up to it
at a later time as resistance.

So in other words, I'm looking at
this down candle on January 16th

and the candle on January 26.

Okay.

Either one of those, if we trade
down through them, I want to

see price, come back up to that
because that'll be a distribution

point for marketing sell profile.

And it allows us to frame a
future trade well in advance,

before price even gets there.

But we have a condition now it's
kind of like a computer programmer.

You have a syntax that you have
to go through and you have to go

and consider certain conditions.

If the market can go below these two
down close candles, that means that

we have ran through any potential.

Institutionally speaking because
they have to buy on down moves.

So if they trade through these
down close candles on the daily

chart, that indicates there's no
buying on an institutional basis.

So that means we could look for a
future rally after either of these

to close down, not this one here.

I'm not concerned about the one
on the 18th, because it's inside

of essentially the range here.

And this candle already goes
down below the means threshold

of this one on the 18th.

And then if it's going to go below the
18th, it's certainly going to try to make

a run into the one on the 16th of January.

So remember when we look at an
institution, an order flow, if it's

bullish on the marketplace, we want to
see support found that every down close.

And new buying edit when it retains to it.

And in this case, we want to
see those down close candles, be

breached or traded through them.

We don't want to see any
kind of movement beyond that.

Okay.

So let me rephrase that.

We don't want to see any support
fan at these down close candles.

We want to see price smashed through it.

Have little to no support seen in it.

Speed.

Go through it as well.

So there are characteristics of that.

Yes.

We're seeing heavy distribution.

And then markets will most likely come
back up into these down close candles

in the form of mitigation or breakers.

And then that's where we'll sell.

And there'll be a lower level distribution
point that we could reach for.

And that could probably take us down
into this candle here on January

6th, if we can get through the
void in here and closing that gap.

Cause ultimately I think if we do take
these downloads candles out on Aussie,

we're looking to close in that shaded
orange area or red or whatever it is

that may be colorblind now in my old
age, but the shaded area, that's what

we're looking for for avoid to be closed.

Okay.

Dollar CAD.

Um, I mentioned that this pair would
be probably reaching for the 1 34 75.

To 1 35 big figure.

So far, we've seen price react
off of our PD or a matrix in

terms of it being in a discount.

And again, we talked about this
yesterday in regards to, um, if you

look at every overbought and oversold
indicator right now, well, at this high

here, On March 3rd and it would have
been screaming, overbought, overbought,

overbought, and you can't rely on that.

You have to look at what the
market's actually dealing with it

reaching for where's the orders out
there they want to pair up with.

So if we seen strong buying down here,
we've taken out an old high, the market

started, started to retrace that OHI
becomes a PD array matrix for a discount.

And that's why retail stuff doesn't work.

You have to have an institutional
mindset because otherwise you'll miss

all this expansion we've seen over
the last three days where it's moved

down into the smaller ranges, and then
we expected what expanse on the hips.

We all, we all should be saying the
same thing on our daily charts where

it's big candles forming now, and today
being the biggest of the last three.

And we don't want to see any kind of like
a doginess about saying about this candle

earlier, what it didn't have audio going.

Is what we don't want to see today.

We don't want to see like that tomorrow.

We don't want to see these little small,
little spinning top candles, small

bodies and little wicks above or below.

We want to see big, bold green
or whatever your candle color is.

We want to see up closes
big ranges reason.

Why is because it's no indication
that they wanted to come back for cell

stops and to do so now would actually
be more bearish than it would be

for bullishness to get up to these.

Okay.

So now the market is not giving any
of these participants an opportunity

to get short Canadian dollar or
in this case, long dollar cat.

It's just basically it's all the races.

And if you didn't get down in here,
you pretty much lost your opportunity

unless you're a day trader and you're
just using the power three to get in.

So what we're looking for is 1 34
72, 1 35 big figure, potentially up

to 1 35 20, ultimately looking for
a filling on this fair value gap up

here, price has only been delivered
on the downside on this candle.

December 29th, very next candle.

We, we trade up a little bit.

So that's the why that, that range is
defined as such and this low in this

candle formed on 27th of December.

Uh, that frame stuff, the ultimate
high end of the fair value gap.

I don't see this stopping there
personally, but in terms of

objectives, we're looking for that.

Then we have these equal highs up
here where there's a large Bystolic.

Full resting.

So that may be where we're ultimately
going 1 35, 80 to 1 36 big figure,

potentially as a longer-term objective.

And I mentioned earlier, if you look
at power three each day, we've had an

open decline, open decline each time,
buying it at a previous down close

candles or bullet shorter blocks.

And then price has been
expanding as a result.

Dollar Ian, uh, this pair
to go back out to the daily.

Uh, we mentioned that we would
possibly see this market reach up

into this fair value gap in here.

You want to see a trade through
this wick and ultimately they

have equal highs up here as well.

So there's a lot of buy-side
liquidity as a draw on price.

And we mentioned that this is
the order block on the daily.

Now for folks that just watch
the predatorial, see, this is the

advantage that you have being in here.

We really framed institutional
overflow flow so far, and we will

talk more about it in this month.

And we'll talk more about it in
day trading because it's paramount,

vagina's standard for day trading and
scalping, but in the sniper series.

Okay.

If you go through that,
it's a free tutorial.

People learn all about the order block
theory, as an introduction, they're

only going to look at this candle or.

Okay.

So everyone that looks at that.

Okay.

So we have the market really
trading down on this candle

here into the real order block.

Okay.

Cause we have to look at consecutive
down close candles for bullish

shoulder blocks and consecutive candles
that are back to back in dollars.

Here's one down close.

He has no down closer and
I'm going to close together.

That is an institutional bullish or block.

It does not require price to go all
the way down to the very last candle.

The ideal candles.

When we see a series of demos and then
one up-close candle or two up close

candles and that kind of vein, and then
the last down candle, then that becomes

a more significant bullshitter block.

Okay.

But in here, there's none of that.

It's just three consecutive down close
candles and then a series of move up.

So we framed out with institutional
mindset and using PD array matrix.

This is a discount.

PDA.

Okay.

So price trades down into that level.

We said that we should see support.

We should see expansion.

We should start seeing big ranges.

We mentioned this yesterday, uh, because
the bodies of the candles were doing what

were, they were giving us an indication
that the volatility wasn't a big squeeze.

Okay.

It's getting small little
ranges, small little ranges.

Now what's that mean?

It's like a spring being held in
your hands and you're just lining it

up tighter and tighter and tighter.

And then finally at some point, Okay.

The institutions is going to rip in
there and start doing a lot of buying.

That's what we're seeing today.

If we go into an hourly chart, you
can see how they went back into that.

We're a block one more time and
there's your explosive price.

Action move today.

Okay.

First the download.

Tripping people up taking out cell
stops below here, and then keying

off of the institutional level.

We've already outlined and it
was there four days before it

actually did this move here.

And we framed the delivery of price
in terms of explosiveness before the

fact we talked about why we should
be doing it and we see it today.

Again, I have to remind
you, I hate this pair.

We're looking for further upside,
still on dial again on the left.

All right.

So dollar Swiss, I'm a little disappointed
in this pair, but I'm not surprised cause

it's, again, this is another pair I hate.

Uh, it should be performing well.

They should be going higher today.

Um, it should not, in my opinion,
should not have given up as

much ground as it did yesterday.

So it's going to have to fight to get
through all this again, to get back above

one at one 70, but nonetheless, it has
equal highs up here with a large by stop.

Uh, Liquidity and be mindful that we
could, if we are not seeing participation

on the upside on this one, we could
be seeing underlying weakness here

and that would be framed like that.

So we might see more, more time
punch up here and hit this 1 0 1 75.

If at all, it may have just
really just did it here.

I may be a little bit
overzealous about this objective.

I'm only using the buys
of the candles in here.

The bottom of that at the fair value,
got a little bit more, a refined

based on the body's not the Wix.

So I'm not, I'm still bullish on
dollar Swiss, but I don't like the

fact that we had given up all that
ground yesterday and we've seen

very lethargic price action today.

It should be really ripping and
going higher, but it's not doing so.

Gold.

Uh, we're looking for this market
to try to find some support around

that 1215, if it lost 12, 15, it's
probably going to be moving lower.

So that's what we're seeing here.

All indications are that we're
probably to want to trade through

this last down candles close, large
WIC has nothing to do with anything.

So we're looking at the mean threshold
here and the 1200 level, and then maybe

back down into the 11th, unfortunately.

So, um, if we get any kind of rally
in here, It will be engine to see

if we get through this down candles.

If I need it to show up on the 21st
of February at any rally in here for

the bears, and that has capping price
action, that's going to provide a little

bit more longer term intermediate term
down, download or consolidation if

it's consolidating wild dollar rallies.

That means that we have a
really loaded deal for a future.

Long-term buy on gold, but we have to
take everything one step at a time.

And right now it looks like Gold's.

And bending it's need to the
strength and the dollar silvers

are really taking a hit.

Um, we're looking for that
17 level again, still.

Um, Reading the retail landscape
this morning and last night, and

everyone's looking for a buy at 1720.

Um, it's too much retail for me that we
might get a little bit of a bounce there,

but ultimately I think we're gonna go back
down to 17, even, maybe even 16 90, 16,

95, uh, that gets us in this area in here.

And these last three down.

We have small little quick liquidity pool
here, resting below this candles low.

So let's look at that a second at 1,703.

So we're probably going to drop
back down to 17, maybe deployed 17.

Again, we have a real nice
buying opportunity in here.

So everyone's looking at
classic support resistance.

This idea here, this level, this
level, this level and all for here.

Um, it, to me, it's going to go a little
bit lower than that in my opinion.

So that's what we're probably
going to expect to see.

And then that's it for this morning.

I'm going to talk to you all later on,
later on this afternoon, and we add

in a little bit about teaching session
and that brief, uh, recap session.