Original subtitles

Yeah.

Okay.

Folks.

Welcome back.

Okay.

We're going to be going through a real quick review over the last two days.

Price action.

Um, I'm sure I'm not going to cover everything by this.

I'm going to give you some content for today because, uh, I missed yesterday

with my personal life getting in the way.

So we were looking for the dollar, um, potentially going

down in here and closing.

Area that was exposed only, only upside.

Um, we did get below the middle of this down candle, which we were watching to

see if it would be able to hold onto that.

Um, the bodies did get through it, uh, one here and an enclosed back above it.

We may be just consolidating for another drive higher and let's give some more

data on this chart so you can see it.

Uh, we still have that 98, 55 level that we were looking for.

So it still might come into play the rest of the week.

It's hard to say in here it's been a, it's been a weird day.

They looking at it in hindsight with the, uh, no, here one second.

The, the palsy.

The 97 55 level we had mentioned in the past, uh, video presentations.

Uh, it's interesting that we've been able to do that.

I thought we would at least try to come down here and close this up.

Have we done that?

Uh, then, uh, it would have been a lot easier for it to trade

higher, but the fact that we're consolidating here, it's still.

It's hard to say what it's going to do, but if we go

higher, we're looking for that.

I need 55 levels.

Still.

The stocks we had identified earlier in the week, 97, 70, uh, did in fact get

rated by 10 pips, and then we've only really moved away into a consolidation.

So not much in the way of, uh, movement for the dollar, the Euro dollar.

Uh, we had some stops identified that we were looking for below these lows in here.

Uh, we just breached it just a little bit, not by much, which again, that's not

characteristic of what I would expect.

I would expect a little bit more of a rundown through that.

Uh, but we did test them pro below that low.

So nothing in the way of terrible, uh, you know, sweeping in regards to the

stops at same price action here that at 1 0 9 53 level, as you see on this chart.

I want to 9 53 being this low over here is the out price stab through that.

And we small, so a little small little re uh, reaction there looking at London.

And I hate to sound like it's all hindsight today.

Cause it really is.

I've been away from it for over a day.

So we have relatively equal highs in here.

The markets they'd come back above and sweep it and reach down into

the level we were identifying.

So the draw on price was the lows in here or the liquidity

pool in the form of sell stock.

And that's what drew price lower.

Um, I told you to watch that one 10 level on fiber.

I thought that we were probably going to get a little bit of a push

above after coming down and closing a little bit of this range in here.

Didn't do it.

We saw a nice little reaction on the downside.

So the level did become like an inversion level.

Uh, the market did in fact, come back up here and trade into

that, uh, level four, sell off.

Um, I wasn't near the market.

Couldn't see.

It didn't have anything I could have done to capitalize on it, but nonetheless, I

want to see it Trey up a little bit higher about that 1 10 41, 10 35 to 1 10 40.

That would have been a reason for me to want to get short there and

then reach for the cell stops here.

If I was going to do anything with a demo, just for example purposes

for this week, but, uh, nothing I can do here, nothing that excites

me either where we're at, uh, cable.

All right.

So we had a cable identifying.

We identified rather than the 2330 level.

Um, we had equal highs again from yesterday, but we're looking specifically

with, um, where are we at here?

These old highs over here, equal highs, looking for a run above 2330.

And we just got close to it.

The last two days it's gotten really close to it.

Didn't do it.

Um, it may, it may still happen.

Um, I'd like to see it get up there and do that because I think if we get up

there, then we could potentially see a little bit more aggressive selling

to maybe run below the one 2140s.

Okay.

But until then, I wouldn't be terribly excited because we're

staying real close to that.

2330.

They're building a lot of trust in that 1 23 30 level as a resistance, we got one

hit just below it below, below it today.

Yesterday's daily highs, a little bit lower that, and then we have

these equal highs over here.

So there's by stops to me.

I think they're still, they're not out of the water yet.

They're in striking distance.

Very easy for the, uh, the cable of get up there and run away.

Uh, 60 pips or so just to tag them and it can do that right from where we're at

here, right into Frankfurt and London.

And then so often that would be an interesting condition because

then it would give support to the dollar moving up into that 98 55

level from where we're at in here.

So that would make a little bit more sense based on what we're seeing here.

Uh, CAD.

This is pretty wild today.

Um, I gave you, uh, uh, To watch price on dollar CAD.

And I don't have the delineators on for yesterday, but we're just going to

have to pop that up there like that.

Okay.

So we saw the market come down into the New York session, had

New York session reversal trader rate up to that 1 31 35 level.

And the reason why that's important, I told you on the daily chart, okay.

We'd have to stay below the opening on this little small candle.

And then assuming on that and I'll show you what that means.

Okay.

The opening on this candle comes in at 1 30, 1 34.

So we rounded to the nearest round five level or zero level.

So it'd be 1 30, 1 30 or 1 30, 1 35.

Okay.

1 30, 1 35 puts us right in here.

Um, we had a sell off yesterday, but look what happened yesterday.

We hit that level.

Screw on over here a little bit.

We hit that level right here.

Okay, so we'll have a little bit, one more time in the mean threshold

of this up candle, we sold off one more time, swept the highs right in

here, and then sold off in London.

Then we had news come out today.

We had, uh, uh, the bank rate decision for the CAD and we had some other high

impact news that came out, uh, crude oil, crude oil inventories as well.

Did I have that right?

I think it's crude oil inventory.

Let me double check.

Am I telling you the truth on that cell phone?

I think it was crude or something.

Wasn't it?

So those that are here live, can you correct me on that?

Yes, crude.

Okay.

Just want to make sure.

I looked at the crown on there before I got out here.

The, uh, the market came right down to the other level we are

watching, which was this low in here.

What's begins the liquidity void.

Let's go back out here a little bit.

Right in here.

So we got the low, this low here and above this high here.

That's the liquidity boy.

We had identified on the daily chart.

So we identified this area for a draw on price for the week.

Okay.

So 1 30, 1 30 to 1 30, 1 35 level was again significant.

Uh, we talked about that relative to the daily chart.

So while we didn't get the sell off right from there and go straight

to hell, it was a little bit of a thoracic price action going sideways,

but then the classic London session.

Where we get a little bit of market projection rallies, higher clear

some previous days at session stops.

Market trades down goes into New York, uh, set up, going into another wave

of selling on the heels of the bank.

Decision and crude oil inventories as well.

So that we saw throughout all the down here now.

Here's why I like getting out early.

This is a perfect reason why, and I can talk about it in hindsight and have no

problems talking about it because it's exactly why I justify why I get out early.

Okay.

The 1 31, I'm sorry, the 1 30 0 4 level, which would be

the low on this candle here.

One 30.

Excuse me, 1 30, 0 4.

So we would be looking for a move down to that low or a little bit lower.

Okay.

To dip into this liquidity pool or liquidity void rather, and

price comes all the way down.

What kind of closest thing gets the low comes in at 1 30, 0

6, 2 pips away, two pips away.

So that would have been very frustrating if I would have been

looking for a move like that and insisted it, it only go down to one 30.

Oh.

Or just below it, just to see it scream all the way back up to the daily level.

We've identified that 1 31 35 level.

Okay.

So it's been, it's been a pretty wild day on a dollar cat, but what's nice is even

though we don't have this opportunity painting out where it went below the

low, this is a beautiful opportunity to talk about how the real world's going

to make its way into your trading.

Uh, we have tools, we have contests, we have premise and we have principles and,

and reasons for doing certain things.

But even with all those things, You're still going to encounter things like

this, where this would been an a S this would have been a wonderful,

stunning opportunity to be getting short in holding something from London.

Amazingly, if you were selling rate at that level from yesterday,

holding onto it, watching a screen down and never taking any profit.

Okay.

It would have been really, it would have been disastrous to see

something so stunning, so off and never get any of these profits

taken on the straight and to.

Come hell or high water?

That 1 30 0 4 level gets breached and it never gets there, but just by two pips and

then see it screaming rocket up like that.

That's why I take trades off the table early.

I have to do it because I've seen so many times where I've had just like this.

And if you heard me talk about this and why I'd like to scale out or take my

profits early, even if identify them.

And we talked about this levels as well.

We know why this was here because it's the basis of the liquidity point

that frames this top candle here.

It's the fact that we only traded two times and here this candle

and an all through this candle.

So this segment of price action is not efficiently delivered from this

point up here to this candle is low.

This range on this up move is all been efficiently treated because

it's been done two times on the up move and deliver them a downside.

It's been twice passed through.

So we know the exposed area of this up candle right here is between this

candle is high and this candle is low and it just got two pips away from that.

And then it rocket all the way back up there.

So again, simply because we have identified in the level and in

raising for drawing price down to it.

Okay.

Doesn't mean it's going to go there.

Exactly.

And this is the reason why.

Kind of make fun of folks that say you shouldn't take partial profits

because there's no guarantee that your level is going to be hit and

you can get really profitable by just taking something off the table.

When it's moving in your favor.

If you didn't get all the way down here at this low and say, you just took a half

the position off and then another, uh, balance of a position off here as we're

going into that, or look at the time.

It's 1500 on a Forex LTD.

Okay.

So that's the time of the day when you're going to be expecting some kind

of a profit taking and true to form.

Look what it does.

It rolls the other way.

So we have a London close reversal profile.

Okay.

So a stunning fashion as well.

So if you've never really given thought about taking profits along

the way, let this be an example because we've identified the reason

why this should have went down.

We identify where the liquidity void begins.

We know that the low, that low would be cell stops.

So the fact that we would have expected price to be trading down here like we did.

Okay.

That's all fine and great, but it didn't go to where we thought it would go.

Just, they got real close to it.

So in clear deficit, You're wrong.

I'm wrong.

I was wrong on the trade, but you don't have to be correct to be profitable.

How many things could you have done in here to be booking some profit?

The move below this lower here, all these lows in here on the daily chart.

I mean, look at this, you have a low at 1 30, 34 on this candle here.

What's below that there daily lows.

And it's going to be liquidity below that.

So 1 30, 34 that's right.

Right here, 1 30, 34.

So what you can get all the way down here to this low, but if you would have

booked profits on every run below each daily, low here, because you all these

lows in here, they all have liquidity below and the ran through all of them.

Just didn't get down to this one here and we didn't get into it.

It could still come around.

I don't see how it could do it right away tomorrow.

I mean, you have to take something pretty significant in my opinion,

to get us the wipe all this out, but it could still happen.

I mean, just as well as we saw this thing reversed, like it did, um,

anything happened in price action.

You just gotta be prepared for the most probable direction.

So while I was away, um, I gave you some things I'm gonna, haven't had a chance

to go through the Twitter to see what everyone's observation was for yesterday.

Um, but we talked about.

Uh, good grief.

Yeah.

Specifically the, uh, dollar cat.

So, uh, that 1 30, 1 35 level fees, haven't paid attention to that.

And you got to take a look at this right here and see you'll you'll you'll know

by looking at the previous sessions, I think it was on Monday, almost certain.

It was on Monday and we talked about that level there.

So, um, we, I didn't want to see it go above that.

And we opened and traded three through it the very next day.

And then we'd wiped out.

I mean, did another session where we opened and traded

down through entire day today.

And I think that was a really good example of why it's

important to take some profits.

And, you know, if you can't, uh, if you can't find reasons to justify

why taking part partial profits on an environment like this, cause believe

me, this isn't a one time thing.

It doesn't just happen like this once in a blue moon, this happens a lot

when you're really trading with life.

Uh, you're going to have a target.

You're gonna have a level you're reaching for.

And if you don't pay yourself along the way and just fund that trader that's in

you, did you actually put in the time invested into a fall in the marketplace,

you're gonna be so frustrated and there's so many ways for you to just build

your bottom line up and not demand.

The absolute level you're looking for targets are just that they're targets.

They're not absolutions.

So if we can get the market to move in those directions, like we framed out

over here, all these reasons down here.

Okay with the liquidity boy, the fact that we had lows over

here, we had old lows here.

We had old lows here.

We were expecting price to drive down in here.

We wanted to see this low violated and see him.

If we can come into this void, it's not necessarily how much range was here

from 1 30, 1 35 all the way down to 1 30, 30 that's over a hundred pounds.

That's all you need.

That's the, that's the framework of a one shot, one kill.

When you're looking for a set up like that in the week, that's all you need

is one of those, just one of those.

And it can happen in one side on one daily range.

It can happen in the course of several daily ranges, but

that's all you're looking for.

You're looking for a range that offers you a hundred pips

or more and minimum 40 pips.

Because that way, if you can get some.

With a range defined by 40 pips.

It's easy.

At least pay yourself 20, 30 pips out of that with the factoring of

the spread and some fluffing on, on getting in earlier Laden in your

ex being a little bit premature.

So yeah, I will be presenting the session.

That it was unable to do last night too.

I get an opportunity to throw something in my stomach and I will have that out.

I can't, I can't promise I'll have it by eight o'clock, but I'll certainly have

it on air before I go to bed tonight.

And when it is, I'll send it a link on Twitter and then we'll

be back on schedule tomorrow.

God willing, God willing rather.

Okay.

And so, uh, so then I will talk with you in the morning.

I'll give you a link.

Uh, we'll do some live session, uh, commentary, and hopefully we'll get

something in the marketplace that can kind of like, uh, Redeem this week, if I can.

Okay.

So with that wish good luck and good trading.