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Good afternoon folks.
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This is ICT with a market review
for October 14th, weekending review.
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Okay.
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We're looking at the dollar
index as a daily chart.
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We were looking for price to
try to stay above these highs in
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here after breaking through it.
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That was one of the objectives we have
for this week and, uh, did violate
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the high, like we were expecting.
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And in fact, we closed in this week.
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It looks like we got about another no
less than two hours of trading stuff.
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And there will be a, probably a good
deal of probability that we're going to
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trade with inside this high here and the
bear shorter block delineated over here.
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Um, I still think that we're
going to probably go and want
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to reach up into this high here.
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So we'll probably see that going into
Sunday Monday's trading of next week.
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So still bullish on dollar on the lower
timeframe for dollar, we saw price
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come down, hit the 97 50 mid figure.
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And we bounce off of that and have really
sloppy dates, still pressing high here,
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have liquidity resting above these highs.
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So it's gonna be interesting
to see what we do going into
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the beginning of next week.
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Let's take a look at the Euro.
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Euro's broke down.
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We're still looking for a move
down in, declare out these lows.
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I thought for sure today, glancing
over, uh, over price action.
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Periodically stood today.
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I thought we would clean out this area.
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Uh, we can remember, we don't need
that low right there, that cleanup
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all we're looking for as the bodies of
the candles in here to be swept out,
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um, still looks very, really bearish.
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Uh, we could potentially see that
again, open up on Sunday, going
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into Monday and breaking below
these lows with the dollar strength
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that we were indicating over here.
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So that may be what we see in
conjunction with one another, a
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dollar reaching out to that 98 55.
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Well, Euro drops down into
the 1 0 9 twenties to 1.88.
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Uh, for an objective, uh, starting
off the week of trading next week,
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uh, lower timeframe trading for Euro.
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We had identified the highs right
above these equal highs over here.
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Uh, we were looking at
that liquidity pool here.
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Uh, price did come right up in
there exactly 10 pips above it
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and turned around and we went for
what, the stops below this load.
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So you can see one more example
of how price seeks liquidity
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rate above these highs.
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Mark goes up and reaches into that.
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Whereas next level of liquidity, the
low, the low price comes all the way
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down and clears that level out as well.
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Again, rather sloppy day in here, the only
real trading opportunity was late today,
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and this would have been it right here.
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Uh, this bearish order block
creates a void, comes up, closes
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in the void mean threshold.
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Hits it sells off, run for the
liquidity run below these lows here.
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So that's the extent of what I would
have seen, um, as high probability and
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even then, because at the time of day,
wouldn't be terribly excited about that,
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uh, pound dollar, uh, still suspect
that we're going to break below the
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low of the quote unquote flash crash.
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I say that facetiously.
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Uh, I still think we've probably
got to run through that.
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And again, be mindful that once we
go below that there's gonna be a
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lot of folks that just are going to
be the ones to dog when it's short
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and maybe just the trait, a trap to
get traders, to be short down there.
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And then they'll probably come
up here and do some work at this.
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Lower timeframe of 15 minute basis.
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Uh, today we held the reigns on, I sent
a tweet to, uh, Raj on, uh, Twitter.
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He asked about, um, the area of by
stops up in here and the willingness to
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go down below before we run up there.
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Um, I said it could
happen, but it's Friday.
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And because it's Friday, we're
probably going to hold the range.
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And we did.
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That was the only thing we did
clean out the by stops here, as
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we indicated on the session on.
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13th of October.
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Did in fact hit that came down,
swept some lows in here returned
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back to bullish order block,
which is this level right here.
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Open comes in on this candle, a 1 21 67
low on this candle comes in at 1 21 68.
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So not bad.
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One PIP off there for a sloppy Z day.
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And.
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Uh, we saw a bit of a rejection after
running up into our 133 big figure
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we were looking for this week, uh,
cleared 1 30, 3 big figure, and then
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rejected, uh, broke down through the
bullet shorter block here as well.
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And the next area of liquidity
rests below these lows in here.
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And we had to monitor this mean
threshold of this down candle set, maybe
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an area to watch, um, a lower time.
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See that the cat did in
fact lose a lot more ground.
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And I saw it on my video.
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I did a playback of my own.
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I started to talk about, um, when
I look at trend lines and I'm not
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a trendline trader, but there are
times when it's useful to know when
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traders would be utilizing them.
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And I got distracted by the live questions
in the seminar or webinar I did yesterday.
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We did a rather long one and I got
caught up in all the questions and such.
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I was going to talk about a
trend line application for retail
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trap and looking at the CAD.
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This is one area at which
trendline traders would have
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been utilizing trendline.
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Right in here.
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So folks are going to see that as
a potential trend line support.
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And because I have absolutely zero
respect for trend lines, you'd get
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that gave you that initial little
turn right here, right on there.
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Runs up then it comes back down,
breaks through it, but it's okay.
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We let it happen.
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Sometimes come back up and then
finally it breaks down through it.
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And all of a sudden we have a
problem with trendline support
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resistance on a diagonal basis.
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Now, folks come back and
say, well, this is it.
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It broke.
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See, it comes back up and
retest and it doesn't always.
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It does not always do that.
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Uh, we were identifying the lows down
here and not observing this as any
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potential diagnose support at all.
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So trendlines are wonderful
opportunity to confirm trades.
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We'll teach more about that
as a retail trap as well.
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And as mentorship.
9808
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