Original subtitles

Good morning folks.

This is ICT with a market preview and review for October 18th, 2006 16.

Okay.

We're looking at the daily index of a dollar here on the left and we lost

the mean threshold of this down candle.

So we're probably going to want to go back below the, what is that level?

97 55 level.

Uh, we have a little bit of a avoid in here.

Uh, between the candle's high here at 97, 24 and a low on this candle is 97 45.

So my come down in here and close that little bit of a range in, and

he'd draw that in so you can see it.

Okay.

See, we have a little bit of range in here to close in.

So we might see that today on the heels of the eight 30 numbers released.

We had 97, 70 stops in here noted yesterday.

And we came down, close that in rather handsomely, uh, went

down 10 pips below the low here, and we're still consolidating.

We look at the Euro.

Uh, we have.

It looks like it wants to go to 10 30, 10 45 in that area with this up

candle being a bear shorter block that we have liquidity pool resting rate

in here that did not get swept yet.

Um, I was watching this level here, uh, before I signed on to

start the recording this morning.

See if there'd be any willingness to want to see some support form there.

And thus far hasn't shown that I worked the main threshold now this down candle.

So, uh, if it breaches that it probably will want to come down and sweep the lows.

I don't think this is a high for today for Euro.

I just don't see that here.

Uh, we may come back up here and hit the 10 30 gloves.

And on cable, we saw the bounce at the area, which we focused on

a couple of days ago in regards to fair value bouncing here.

And obviously yesterday we bounced and we had a really nice strong showing

here that we still have 2335 stops.

So let's be mindful of that.

And today we have eight 30 numbers release liquidity pool.

I'm sorry, liquidity avoid still having a draw on $1 CAD.

So be mindful about that.

Uh, uh, 1 30, 77 was just a measured swing from this high down to this low

projected down that gives you a 1 30, 77.

That's where that level came from the Cheryl charts.

So I want you to study today.

The numbers released to come out.

For, uh, the CAD manufacturing, sales and CPI for dollar and core CPI.

So, uh, I want you to study that and give me feedback today on Twitter, on

what you observed and when you think is going to happen, it's, it's a test

it's just to see how well you're doing and what you're paying attention to.

And I want to see what you're expecting in terms of price

action before the numbers, right.

Okay.

I'm not grading anybody.

I just want to see where everyone's a little level of understanding

is right now, based on what's been shown so far, uh, we still have

a draw, like I said, on price.

We're going to be looking for a move down into the one 30 big figure.

Okay.

So it's not much in terms of pits before it gets down there.

Um, it doesn't have to happen to them.

But it could see, uh, could take a big, a precursor if you will, would

be needed, um, to get down here going into the rest of the week,

uh, be mindful this candle here.

Okay.

Focus on the, uh, to close that candle.

1 31 23.

Uh, we should not lose that level if we see any kind of upside.

So I'll catch up with you later on this afternoon until then.

Good luck.