All language subtitles for recap091316_n EN

Okay folks, I'm going to give you a
recap of today real quick, and just

remind you that the whole month of
September is just an illustration of.

Efficiency.

In other words, are we able to see
things ahead of the fact and be able to

anticipate where the markets are going?

Um, if I can't, if I cannot
illustrate that effectively over the

course of a week, multiple times,
uh, my goal is obviously to give

you something every single day.

And so far, we've been doing that
since we started last week in August.

Um, and there's, some of
you are all wanting to do.

Position trading and all that stuff,
but there's a curriculum in this.

And the first month is just number
one to show you in advance, where

the markets are going to go.

And then my two, we start taking
the things and breaking it down

into a digestible way of using it.

And we start building on that.

Okay.

Um, if you're not patient and you think
this was signing up and you're gonna

download 12 videos and then you can ask
for a refund or cancel the subscription.

Surprise.

I told you that wasn't
going to be like this.

Okay.

So it's 12 months for a reason.

I'm dragging it out there because I need
you to spend time on individual concepts.

So if, if you're not seeing value in
this, obviously I have two people,

you know, throwing the towel today
and I can respect that if it doesn't

fit for you, it doesn't fit for you.

But there, there is no coming back.

Cause I don't want the problems of dealing
with bringing back people once they leave.

And I just don't want it.

So either you get in here by October.

Or you're done and it's it that
way that the group is manageable.

I know what I'm working
with and it is what it is.

So that's the housekeeping
portion of the presentation today.

Um, we talked about the London
session this morning and I didn't

really get a chance to sleep.

So I, all I did was get something to eat.

And my wife kept me going, talking
about the issues that went on last

night on Twitter, but we're looking at.

Um, uh, consolidation still on the dollar.

Um, we had a little bit of an upside
slant, uh, relative to, uh, uh,

let's go out to an hourly chart.

We talked about this,

what are blocked down here?

Price came down to that and we hadn't
reached for any liquidity on yet.

Okay.

So we did run the stats below here.

We did hit an order block as well over
here, and it came back off of that.

So what we were indicating during
the London session was while it's

not terribly bullish, um, I didn't
see it as over overly bearish either.

I felt that we would look for the
liquidity above the highs, and

we saw that today, just sweeped
above it just a little bit.

And we mentioned that Euro was
going to be in a consolidate.

It's probably in everyone's,
uh, classification, a nice

trading range there too.

And as we were watching London,
I had mixed opinions about what

I thought cable was going to do.

And we're going to talk about that real
quick and then we'll close it with, um,

your panel actually is go to your account
because if we know consolidation was in

Euro dollar, uh, we were looking for,
obviously the breaker was the upside.

And then if we got through that, we
would clear out these equal highs

and then an old high back here.

It did.

No, it didn't stop it at all.

Went right on through that.

Uh, cable has nice slide today.

And Euro being kept in a nice tight range.

You guys know from the free
tutorial stuff, what that

will do for your old pound.

And it's like steroids for this to go up.

Uh, the, the only thing that
we didn't see pan out, they

were watching was the Aussie.

Uh, we were looking for a little bit of
a movement here, but obviously if the

dollars are going to go up, there's going
to be really Aussie dollar to do that.

Uh, we were giving two illustrations here.

Um, if we continue through, um, we
would trade and I'm not going to

recap all that stuff that was already
in the presentation this morning.

Um, and if we broke through this
low here, we would use it for a

practice session for a turtle soup.

So that's the, that's the
dog of the day, uh, pound.

Okay.

We had this liquidity void over here.

We've talked about this for a while.

Um, I wasn't terribly excited about
this one yet because I didn't know

what we were going to see in terms
of the London session because

of the four 30 release of CPI.

And I think a couple of two other ones
that came out there were a medium impact.

And then we had five o'clock in
the morning, my time, uh, drug.

And then an absence or a backing
of any news coming out during

the, uh, the New York session.

So I got one more thing
for your notes today.

Um, if there isn't anything
going on in New York.

Okay.

And you have high-impact stuff on
London, uh, barring the speech because

the speech is kind of like a wild card.

You don't know, what's going to be said,
you don't know how they're going to

use that information when it's spoken.

And that was one of the things
I was weighing out this morning.

Um, I, I was looking at a, our F sorry.

I was looking at a way out here.

Okay.

I wanted to see a run one more time to
get up into this little area up in here.

I mean, that would have
been enough for me to try.

The move going lower into
that, even though I said, I

would've never shorted it.

And I didn't, I gave you, um, the
levels in that recording I was

doing when I was doing the live
close of that long dollar CAD trade.

I briefly showed all the levels for,
uh, well, these levels on here, which

I'm going to explain, but, uh, at that
point, Um, I knew that obviously the

range was going to expand to the downside
because cable was allowed to move.

It was being lowered in price.

It was repricing lower, and fiber
was maintaining that tight range

and dollar had a slight slant to
bullishness as we were describing

earlier in the month in session.

So with those ideas in mind, modestly
bullish to neutral on dollar.

Cable was falling out of bed.

Didn't respect anyone to order blocks.

Uh, Euro dollar was moving
in consolidation and we had

further upside for Europan.

After we took this, uh, level out, we knew
there was a clean levels of stops here.

And, and obviously if it's going
to run here, it's going to come all

the way back up here and run that.

Um, I want to, I'm a little surprised
that it ran this much through

it, but that's always something
good to be, uh, surprised by.

It's a terrible thing that it never gets
to where you want it to go, but when

it gets through it it's even better.

So I don't mind leaving a little,
little bit of fat on the bone for that.

Nothing.

I took a trade, but in my
analysis, I'm okay with that.

The pound, if they go out to a
four hour or down to a four hour.

Okay.

Um, you could see, we, we did clear
the stops up here and what I was

looking for, I was wanting to see
if this stop run here would set

up, uh, uh, further run into this.

I wanted to see this area tagged
one more time and it didn't do it.

And I, as I watched live this morning
with all the questions that were coming

across, uh, in, uh, in the presentation,
um, I was getting bombarded with questions

about, you know, what about this?

What about that candle?

Between all that.

And the fact that I wasn't really watching
your opium because I was distracted

with everything else that's going on.

As soon as I looked at your APAM and
it was honestly by a prompting of one

of the, uh, community members, they
said, uh, look at your Pam as the

link, take a look at that real quick.

Cause I started thinking to myself,
wait a minute, you're always

in a consolidation cable slide.

Um, we're probably going
to see your panel rally.

That's going to be a case Euro
dollar is going to be maintained in

that tight consolidation as we saw.

So during the London session, I said
that we would probably wash out these

lows and see further upside for European.

We saw those things.

Now, if that's going to be the case,
that bodes well for bullish valor

CAD, which we'll close the session
within a moment for now as the market

was coming down, we were halting just
above these equal lows down here.

Okay.

This is another, uh, liquidity.

Price was coming all the way down here.

That's not going to turn around there
and go up, especially when European

has upside objectives and dollar.

I'm sorry.

You're a dollar is being held in a
slight, real tight consolidation.

So we drop down to a 15 minute timeframe.

You'll actually see the New York
session set up right in here.

Bare shoulder block came up, hit it middle
of the range expansion on the downside.

And you're probably all
wondering where did I go?

These levels here.

What I did was I took a fed and I
used the low here, not the stop run.

That's always going to be
erroneous price action.

It's just going to just
be a run on liquidity.

I want the absolute low
that the market stopped at.

Not, not the rate because the
rate is going to be different

than everybody else's.

And here's profit.

Objective.

Number two.

All I did was pull it from this low up
to the high and the projection down here.

You get the, uh, oh, I
was saying it's 1 62.

Let me double check.

Make sure if I say something
in there, you guys off

profits.

Objective number two.

Yeah.

At 1 6, 2, 1 6 Tuesday, just for
completeness sake, you guys want

to know what my fib levels are.

I'll scroll through them real quick.

You guys can see you just put your
feet together like this, make sure

you put all rights, reserved copyright
industrial trade, and that's kids.

The, uh, and you end up
with a fib like mine and.

That's the objective I was reaching for.

And now why that, why not do
the, um, the 100% measured move?

Whatever that low is up to the high
minus this low down there to here.

Why not get a perfect
symmetrical price swing?

Well, because obviously it's already moved
a considerable amount already for today.

And I think this range
in here is going to need.

Um, tomorrow to completely
close in and, and it probably

runs through the lows here.

This is really got my interest down here.

Cause if we lose this range here, this
is probably gonna make a run for this.

And as much as I don't want to
be a seller, I'm still not going

to short it, but I think we could
probably end up going down here.

Potentially.

So, um, as the market was
reaching down for this level,

again, I like first targets.

I don't like all of the meat.

Okay.

I'm not trying to be a glutton.

I just want to know where the
market's going to most likely go.

And I'm okay with that.

I think it went down to the order block,
which is this level down here or in here

that would have been just fine by me.

I could care less if they
went all way down here.

I don't care.

That's a nice range from the
New York session down there.

That's all you need.

Now, this is one of the things
I say in the tutorials, and you

actually got a chance to see it this
morning, because as I was watching

cable, I had a changing gears.

And while I was looking for a, something
to give me some bullishness in here, as

soon as five o'clock hit, we'd get down.

And it just didn't have any
momentum to get back above it.

And then I was looking at the European
live and, uh, you know, recording

gets, you see that, and then you
watch me actually change gears.

What I was expecting to see in London.

Didn't give me any
evidence to that at all.

None.

And I talked about the likelihood
of it rolling through and

taking out the stock down here.

And then obviously if we go below these
stats, we have to consider what that

range would be in terms of the void.

Now I want you to look at this.

This is cool because you're going to see
this a lot when you're doing your studies.

When you have a liquidity void or a very
big exposed range, define it very well.

Okay.

You have the low here.

You have the high here.

There's no other candles in this range.

This one stops here.

This one stops here.

So all of this is just
inside this one candle.

So that range there is very poor.

It's very thick.

It's also what a range.

It's just a simple range.

So the sensitivity of that
range is going to be the same

thing in terms of equilibrium.

So if we've measured that at range,
there's equilibrium price point,

I'm going to take this level.

We'll make another one, drag it right
up there and look at the sensitivity.

The first time it hits, it hangs
around there for a little bit.

This is a first target.

Uh, Idea.

Okay.

How much it hung around there and
spent time sitting at that level,

all that congestion right there.

And finally it releases down
to the daily objective 1 62

extension on this measured swing.

And if you have my old tutorial, uh,
swing trading, um, that's what this is.

All I did was use that real time
today and, and gave you the idea.

How it can happen.

Um, what I didn't like is it
spent too much time and all this.

Okay.

And in hindsight, I can see now that
it would've been a nice sell when we

were watching it live, but it's just
too many things going on one time.

And I, like I said before,
you're going to miss it.

You're going to mess up things.

You're going to, you're going
to expect something to happen.

You're gonna miss trades
and doesn't matter.

You can still find something else in
the day, especially if you understand

what London's provided for you.

So.

Well, for me, it was low
probability for London.

It gave me the idea that dollar.

If this is going to go softer and I
don't want to be a seller of cable.

And you're probably saying
it doesn't make any sense.

ICT, you hear your tools say it's going to
go lower, but you don't want to sell it.

I told you why I've been
telling you for weeks.

I just don't trust cable right now
as a seller, I don't want to do it.

I'm afraid that as soon as I get in
there, I'm going to have that man.

I should have just listened
to my gut and not did it.

And I don't care.

I'm not hungry for the money.

I just don't want to do something.

I know as a trader doesn't
fit my psyche so it can have

all the glorious sell signals.

I'm just avoiding that side of
the market for cable right now.

And I'm okay with that.

But because of that insight I had for a
pound dollar, it took me over to us cat.

And we talked about this also in the
session all before the fact that it

was likely to consolidate in here.

Okay.

And once we see a consolidation, it
would probably run up through, run the

staffs at 1 30, 1 50 and the old high is.

Right there.

And it comes in at 1 30, 1 52.

So we're going to round down to the
nearest round, mid figure or 10 level,

1 30, 1 50, the high, which is good.

Right.

Expand again.

Uh, we have 1 30, 1 76.

I could care less.

I could care less 50 pips, just like that.

Outlined in advanced telling
you based on other asks.

And other currencies, I
wasn't willing to trade.

I was really interested in this
one because it had all of the

hallmarks that would be expected.

The dollar had a slight
bullish slant to it.

Europan had outside objectives.

Euro dollar is being
held in consolidation.

That means they're going
to let cable rally lower.

Okay.

So if pound dollar is going to
rally lower, that means they're

going to at least keep dollar
neutral to bullish because Katie.

If it's going lower fiber and
dollar can't be in consolidation.

There's going to have to be
some movement on one of them.

And we, we arrived at, in London
that the dollar had already probed

its lower end liquidity with this
area here and nothing on the upside

had been swept for four stops.

So, you know, above your current
market action in here, that's

where the market's going.

So if that's the case, then
we have a built-in dollar cab.

It's going to go up and it's going
to go up to reach for liquidity,

just like the dollar, just like the
dollar it's all in the same playbook.

So I'm trying to think if there's
anything else, uh, to dress this up, but

that's all the lifts that I got for it.

Um, I did most of the talking and
outlying in the London session,

but, uh, just for completeness,
let's look at the, uh, Dell again.

See what kind of interaction it had?

It had, it had some lift in it as well.

Um, not terribly bullish.

And one more quick look on
the valor swissy and it had

slightly bullish, very modestly bullish.

Okay.

So admittedly, it's a tricky day.

Um, I earned my stripes today.

I don't, uh, I don't
make any bones about it.

Um, London for me was a deciphering
from no real time to figure out

what it wanted to do and it's okay.

It's okay to not take the trade and
get insight because it gives you

the built-in advantage for New York.

So you're going to see a lot of times
where, because I only take like one

trade a week in London, you know, I
don't really go in here every single day,

but it gives me the context of what to
expect on the rest of the day, New York.

And that's where the money.

The easy bread and butter trades.

Even if you guys are
sitting at your jobs, okay.

If you're changing tires that are
Jiffy lube, Jiffy, they don't change

that that tells you how much of a
mechanic I am, wherever you're at.

If you've got a smartphone, it's
easy to get into between seven

o'clock and nine o'clock in the
morning and just sneak in a trade.

Okay.

And wait for the remainder
of the daily range to unfold.

That's all really this
idea was here on Canadian.

I had already seen the, uh, the
rally up on a dollar it's pausing.

It's crowding just below what
a liquidity pool here and an

old high, which is 1 30, 1 52.

And again, that's over here
whenever you hear all these equal

highs, that's what they ran.

Okay.

And it's going to be a huge
impulse to want to run those out,

despite the fact that just look.

Fibonacci ideas alone and resistance
because they make this look like

resistance in the textbooks.

Okay.

Hit resistance.

Here it is.

All right.

Here's here's a Fibonacci
79% retracement level.

It starts to give it to them.

See that, but no, no, no.

We talked about this being a lead into a
run on liquidity above the marketplace.

So it's not just Fibonacci
that wins the race.

Harmonic patterns is not
all that business in a job.

It's not simply support and resistance.

You have to have an understanding of
where the money is, and that's going

to be in the form of liquidity and
stops, uh, open, uh, float and no words

pending orders that would be above or
below the marketplace and fair value.

So that's all I got for today.

Um, I'm not going to hang around
for questions or anything like

that, but, uh, I will be giving you
probably a bunch of charts tonight.

There won't be any more videos.

Uh, because I am literally wasted.

So as soon as the sugar rush burns off
me, I drank an ensure to give myself

a little bit of boost before I got on
here, when this burns up I'm crashing.

So I'll probably who knows
what I'm going to be awake.

So the video is done now it'll
be online in 20 minutes or so.

And then I will, like I said, download
the, um, the form up with some charts

and notations about anything, how we
ended up closing for, uh, three 30 today.

Until tomorrow, munchkins, I
will catch you on the rebound.