Original subtitles

All right.

So we lost the order block here on your row at the sweep on the bodies of the

candles we were talking about earlier.

Um, we're looking at Canadian dollar for

response to the crude oil on the Tori number.

That's due out here at 11 months.

Yeah,

okay.

And it's going to go real quick, over to

hang on one second.

Um,

All right, this is the economic calendar for today.

And along the theme that we've been more focusing on specifically

how to deal with, um, conditions.

Like how do we set the stage for when we should be trading?

And I know there's a lot of folks.

Can I appreciate your enthusiasm, but you're not the only one.

I get a lot of that same thing in direct message.

And on email, um, the first couple of months, while we're doing

this, I'm giving you a mindset.

Okay.

Um, obviously, I mean, here showing you that it's repeating it's things

that can be seen on a daily basis.

I can't transfer this information as a direct download so everyone

can know right away how to do it.

So I've taught a lot of people over the last two decades.

And trust me, if you just allow me to do it, you'll learn

exactly what you're paying.

To just be a little bit more patient and I promise you you'll get it,

but there has to be framework behind what it is that sets up the trades.

It just can't be, Hey here, look, here's what I'm buying here.

I'm selling here.

I want you to what it is that we're doing, because we will be doing drills

with foresight in advance telling you, okay, look, we're going to be like,

for instance, I'm explaining today, uh, we've talked about the importance

of knowing how many high impact news events are going on for a particular

session and for particular current.

How many high impact events did we have for today?

Looking at the calendar we have in front of us right now,

it's a lot.

It's a lot.

So there's a, it's a very busy day.

So looking at what we have, there's a lot of things going on with you.

Okay.

We have the minimum bid rate took place early this morning.

Then we had, um, the ECB press conference.

Well, is that it?

Is that a precise time?

The conference notes, you don't know, what's going to be talked about, what's

going to be dropped as far as a bombshell quote, unquote, if you want to call

it that, and then you have the dollar index with its unemployment claims,

and then you have the crew dormitories later on, which we're about to see here.

So my question to you is.

In all that, which is the only currency today that has clarity that you focus on

Canadian dollar.

Good blind.

Frog's the only one now Steven Bitbucket.

Got it.

All right.

So the reason why CAD is because look what we have, we have distinct.

Medium impact.

These are medium impact events.

Okay.

Coupled and against the dollar.

So we know it's going to be very distinct movement with the dollar CAD, and we also

have another impact it's medium later on in the day with a Nichean dollar.

So they're probably going to want to price, price, price, Canadian dollar

before this event on the heels of.

This high-impact news event for crude oil and crude oil is directly related

to Canadian dollar because it's an, it's a commodity for their country.

So the only with Euro, whenever there's a speed, where's the conference.

Whenever there's a meeting and it has a high impact to it, you're

going to get a lot of whipsaw.

So either you're going to scalp it, take one.

Level know what it is that you're going to be taking a trade on when it hits

it, get out, move to the sidelines.

Otherwise it's not as pure as getting in at the London, hold for

London clothes that usually you don't get these types of scenarios.

You get a lot of whip, stalling.

Okay.

And to avoid those types of conditions, it's why it's important that you

learn what I'm teaching here in the first month and the second month.

You will avoid all of the problems of trying to push it too hard in a

condition it's not really set up to give you real clean runs higher or lower.

Also, it'll give you the clarity of knowing when you have these conditions,

you can move to a scalping mentality.

Not I'm not trying to teach scalping as a, as a forced perspective on

the marketplace, but to make you a universal trader, you can go in

and scalp in these environments.

And.

And you'll know exactly what you're looking for.

You're not going to try to bleed to turn up.

You're just going to take a little bit out, move to the sidelines

and just take the next setup.

If you get it, nothing wrong with that type of trading.

But many times folks that scout will go all over the place in a day like this

and not have any real context of what, what the condition of the market is.

So the market profile will beat them up.

They might get one or two winning trade and they pushed her luck 1, 2,

3 more times, and they ended up losing what they made and then they go on.

Yeah, draw down and that's avoidable if you just relax, but it first starts with

obviously knowing what condition and market profile we're in and you begin to

get those clues by looking at how much information is coming out in that day.

There's a lot of impact.

It's spread across two sessions.

Okay.

When I say two sessions, it's the entire New York sessions

that the landline forest.

But we have built in advantage with the Canadian dollar, because it has

very well, not very it's medium impact news for both the, uh, 1220 and the,

uh, eight 30 timeframe for Canadian dollar, but it's coupled against

a high-impact unemployment claim.

And then we have a high.

That's crude inventory.

So, um, it makes it very easy just to focus on one currency.

Like I said earlier in a previous session, it doesn't make it impossible

to trade the other currencies.

It just makes it a little more difficult if you don't have experience knowing what

to expect in terms of the volatility.

So it helps you filter out what trading pair you should be looking at.

And hopefully I've answered a lot of questions with the three

present presentations today with when do I know what currency do?

You know, between the fiber in the cable.

Um, well, you, you, you learned a secret to it today by having an understanding

of where the high impact medium impact news events are going to be.

And preferably if it's only one event that's high impact for

that currency and the kill zone or New York, it's a loaded deal.

All right.

So let's go over to

sure.

Okay now, admittedly, um, this has already fulfilled the objective

I would have had for today.

It might come up here, spike it one more time, um, on the

crude oil inventory numbers,

but I want you to see the importance of knowing what about tilty will do for it.

It's already closed and the objective that we had for today.

Um, I wouldn't be surprised if.

Go one more time through that level.

Okay.

It's really fun watching this stuff unfold daily.

Isn't it.

Especially if a new it's a new trailer, you're probably.

It's annoying.

What are you talking about?

All right, so we're a couple minutes away from the.

Okay.

If we get a spike down, initially

watch this levels to the middle of that down.

Watch that one, because we have stops resting rate below this low

here, so they could come down and take the stops, hit the order block.

And then one more pass through.

If we lose this order block, it's going to clear out these lows.

NAFTA.

We go through weeks of given context of when the market should be

poised to move higher or lower and aiming for specific price levels.

Um, we'll the teachings this month will help you do.

Context in mind.

So that way you'll understand when we go into month two, why I'm referring

to why the market should reach for this level or below where it is now, in other

words, what we did with the Australian dollar and what we did with the Canadian

dollar today, um, that is the basis of knowing number one, when you're going to

take a trade and which direction yeah.

That's once you know, where that's most likely going to reach for.

Okay.

Having an idea of where the market may want to draw to where the

liquidity is most likely to be.

Higher or lower relative to the current market price that gives you all the

things that you're missing right now.

That's why I'm telling you the entries are easy.

That stuff is the easy part.

The hard part is knowing where the market wants to go.

And everybody wants to jump to give me the buy, give me the sell signal, give me the

answer, give me, you know, just get me in there and then I'll start making money.

It doesn't work like that.

Okay.

So we have it.

We're a black tag that see how sloppy that is.

That's what I'm talking.

Now.

You want to avoid this type of tree.

Now, contrast that with, if you just would have simply been looking

for a run above the buys of the candles for sweet one stops, knowing

that it's going to be conditioned, like we've just described here.

See me out a little bit.

Actually let's go back to CAD.

It is gapping down whilst the order block.

Now again, look how clean these levels are over here.

Very clean, and they have another little level up here

where stops would be residing.

It only went just above that line that I had drawn in a second session this

morning, before we took a break and came back just now we went just one

PIP above it, and then we retraced.

So to me that's still a little too clean.

So then maybe coming back down here just to, uh, find some discount and

then run it one more time higher.

If we lose the order block in here that will indicate that we're probably

going to have to run below these lows.

and then later today, Uh, by three 30, you'll have all the

videos that were recorded today.

And then there'll be a recap video.

We'll explain all the reasons.

Um, I was referencing specific levels for the CAD and Euro.

Yeah,

dollars found support.

We were blocked, um, just fell short of the bear shorter block.

And here I would have rather seen it come up here, take these little HIEs out.

And then if it came back down here, it might be entertaining.

He wants to go lower.

But here Rebecca in equilibrium, which is the range between this one.

In this low.

So we are not in any state of expansion.

So we moved back to a position of consolidation, which is the reason why

you're seeing us CAD holding side of it.

and they see this little gap right in here between the, the high of

this candle we're trading now.

And the previous candle is closed.

He has small little gap.

is poorest price action, that little segment of price action rate in there.

When we look at a trading liquidity voids, that is a very good example.

What a avoid is price we'll come up there and try to close in that gap.

When you see these quick runs like.

This little pocket or gap inside, you don't see that

because the range moves so quick.

But inside of this entire range, like this or this range down here,

it creates these little pockets.

And that's why the price has a strong tendency to come back up and close that in

to give more efficiency to price delivery.

Okay.

Little bit ago.

Uh, you should be saying you should be hearing me.