Original subtitles

Good afternoon folks.

This is ICT with a daily market recap for September 7th, 2016.

Or we had a, the dollar index.

We had mapped out a range in which the void on this big rundown, uh, may

have, uh, one of the close into it.

It only came up and hit that.

The bottom of it.

You notice the bottom of this range that we identified, which is the void here,

but this little piece of candlewick, this section is already been traded to twice.

So we're defining the void or unfilled range by the top of that candle.

And we're just extending that out in time.

The buys are respecting that as well.

Um, Valley's been in a consolidation all day, uh, today basically

it hasn't really moved much.

So, um, that's.

Men a curse and a blessing for some pears, depending upon how you look at it.

The highlight is the U S CAD today, but we're going to go quickly

over to the Euro dollar a year.

A dollar is stuck in a range as well.

Uh, which means that, uh, it's probably being held in place for Europeans.

And we'll quickly jump over here and take a look at that.

Uh, we've identified this entire day during the sessions that, uh,

we have a liquidity pool above here, aiming probably for 84 50.

Uh, that's most likely what we're probably going to see range

expansion to the upside, to run into.

Um, if you're a dollar, isn't a consolidation as we're seeing

here, that means it'll probably be released after your account gets

its objective at the 84 50 level.

And if you're a pounds rallying with consolidation seen in

Euro dollar, that means we're going to see weakness in pound.

And that's what we're looking for today.

Uh, after some of the New York session had traded a little bit, um, I was hoping

it would give me a buy signal on here.

I wanted to see, uh, uh, bounce off the bull bull shorter block

here after the void was closed.

With this range dropping down.

Uh, it didn't do that when choppy and I asked, um, well, they didn't ask,

but I stated that I would like to see this, uh, formation stay intact.

And that way we'd set up a nice bicycle for tomorrow's London session or

potentially tomorrow's New York session.

But as you see, it broke down, uh, we had this 1 33 45 level,

um, identified intraday.

Before the drop down, I was suggesting the market would probably

sweep below these lows in here.

It did that and ultimately went down below this swing low as well.

Um, there's a lot of stops resting below here.

So given what we've seen thus far, four pounds, Um, as much as

I don't want to be a short seller.

And I said this today, um, I don't want to be a seller of pound today,

but I'm probably gonna have to switch gears and be willing to do that.

If I'm going to be trying to capture anything below these loads,

because it's a big, huge liquidity.

Of stops resting below there.

Okay.

It's just way too clean.

If it's come all the way down this far, it's not likely it's

going to leave this on probed.

So we will be looking for a further weakness in the pound

dollar and potentially more consolidation for European.

And that would again, give the green light for the market to

run up here on the European.

But we'll see the highlight of the day was our us CAD call.

Uh, we were looking for a turtle soup to come below these lows here.

Uh, we mapped this out, uh, intraday.

You can see that on the live sessions.

Um, the recordings are just above the one you just clicked on for this.

The market did in fact run up on the rate decision.

And again, real quick, I don't ask what the, uh, the data is, right.

Just know that there's going to be high impact news event.

And I know there's probably going to be around liquidity.

We talked about the range in here.

This void being closed in and potentially trading up to 1 29, 14 was the level, but

I called them 1 29, 15 as the objective.

And today's high come in at 1 29 18.

So I'm a little off by three pips, so it's not too bad, but nonetheless, uh,

it did behave as we were expecting.

Uh, stop still exist above these equal highs and informed by stops.

We do also have a swing high here to contend with, but

there's going to run that.

It's going to run these.

Uh, by stops as well.

And that may be what we see tomorrow or going into London for tonight.

Uh, that's it for today.

Hope you enjoyed the live session and if you weren't there hope you

enjoyed the recorded sessions.

Uh we're back at it again.

Uh, given market conditions.

We'll, we'll check one more time tonight in my local time at 1:00

AM in New York time to see if there's anything set up for London.

If it's not, I'll let you know, and we'll be back at it again

in New York session until then.

Good luck.

Good trading.