All language subtitles for vid 3

Morning folks.

Welcome back.

This is October 5th, 2016.

Today's focus is going to be on the dollar
CAD, and we're gonna be looking at the

volatility injections due out today,
as it relates to the CAD trade balance.

We have high-impact news at
that time, we also have a medium

impact news event for the dollar.

Now we also have another event
later on this morning at 10:00 AM.

Dollar-based the ism non-fat non
manufacturing, PMI, and then we have 10

$30 based crude oil inventories, which
is going to be related to cat as well.

So dollar cat might be.

Pretty wild today.

Uh, but we're just going to study the,
the impact of that liquidity injection

that we see around the news events.

We're going to see, um, if we're
going to see a low liquidity

resistance of good grief, low
resistance liquidity run, excuse me.

And then not tonight, we're
actually going to take a look at.

The Australian dollar around eight 30,
New York time, we're going to have a

ACE in session, uh, for the mentorship.

It's not that we don't do too many times,
but, uh, since there is a high impact news

event, uh, we will be on tonight around
eight 30 I'll sign on around eight 15.

I'll send the link 8:00 PM New York time.

So that way you guys can join.

Okay, you should be seeing the dollar.

This is a daily chart.

Can you see that?

Confirm it, please.

Appreciate that.

Thank you.

All right.

So what we have, uh, early on.

We've been pretty, pretty accurate in
terms of the expectations on dollar.

We were anticipating a little
bit of a move off of that low.

Uh, we saw that, uh, we
ran above these highs.

I really like this back here.

We've mentioned this many
times in previous weeks and

I'll ask you rhetorically.

What is this little area in here for you?

Quizzing, I'll tell you in a
moment what it is, but right

above here, we have equal highs.

Now in the content for September,
I told everyone to focus on

specific things, because it's
going to allow you a foundation.

As you go through the mentorship, there's
going to be things that reoccur, they

just were very generic things that
keep coming up in the price action.

And by seeing that you train your mind.

And specifically your eye
to receive this information.

As soon as you look at the
chart, you activating your

reticular activating system.

Okay.

Which is very similar
to when you buy a car.

Okay.

Um, you, you fancy a
specific car, you buy it.

And then all of a sudden it seems like
everybody else bought the same car.

But in fact, the only thing you've
done is you've made yourself sensitive

to the fact and you've associated a
measure of interest, high interest.

Okay.

To that car.

So therefore now your brains, allowing
that information to come in, when we

get together every day, what I'm forcing
you to do, if you haven't already

really realized it is I'm forcing you to
have a focused perspective on specific

things that reoccur in price over time.

And I'm seeing a lot of this in
feedback, and I saw a lot of it in

the, um, September content survey
that folks are now starting to see

things that they weren't able to do by
going through all the free tutorials.

And that's the benefit of being in,
in charts on a day-to-day basis,

it's indicative of your progress.

So that's good.

So if you're feeling that, or if you're
beginning to feel the sensation that

you're starting to see these things
materialized, you're on the right track.

Okay.

And if you aren't at that point yet,
trust me, we're going to get you

there in the first three months.

It's normal for you to feel this way.

Okay.

So what I'm looking at is.

I would like to see some
expansion on the news.

That's out about 15 minutes.

I want to see if we can drive higher
on the dollar to take us up into,

um, let me see where we're at here.

96, 55, 96 60.

So we're looking for about a 50 pit run.

Uh, that would essentially
clear out this area in here.

And if we get above that, we
have the bullish candle here,

which is a bearish or block.

Why?

Because smart money sells and
rallies and we solve the market

and break down from there.

So the next point of interest on the
upside, should we clear out this level?

And again, we don't know for certain,
if it's going to do that, we're just

basically studying it this morning.

The, the low, oh no.

Low comes in at 96, 81 opens at 96 83.

So we're looking at 96, 80 on the upside.

If we get further momentum on the upside
now on the downside, should we lose?

Because we did in fact, come up
here and clear out these equal highs

yesterday, and we haven't shown any
willingness to get up there yet again.

So that is something to be mindful of.

And we have to break this
down a little bit to take a

closer look as to what may be.

All right.

So we have a swing low here
cases, a four-hour chart.

So we have a swing low, and then
right below we have a down candle.

So that's a bullish or a block.

So if it gets some knee-jerk reaction
to the economic numbers that come out,

you want to be focusing on 95, 76.

So 95.

Or thereabouts, um, should offer support.

Um, if we roll through that, the last
line of defense for near term bullishness

is going to be this candle right here.

Okay.

So that comes in the form of 95, 59.

I'd rather it not come down here
because if it gets down to this

point, I'm not really terribly
bullish at that, at that juncture.

Um, cause we would have already
indicated that we'd taken out the highs

over here and this was a turtle soup.

Because there's multiple high impact,
medium impact news events today,

I'm showing you the, the importance
of focusing on days that have just.

High-impact or one, a
medium impact news event.

So it is beneficial and it's profitable
for us to look in terms of contrasting

what makes a high probability setup, where
it's easy, it's all one-sided direction.

Um, it still can happen.

Those events can happen when you have
multiple, uh, layered, um, news events

that high impact and, uh, medium impact.

You could still see the
market move in one direction.

Uh, but it's highly.

Highly likely and more probable when it's
only one high-impact or medium impact news

event specific to your currency of study.

Um, where are we at here?

CAD?

Let's go one more time into an hourly
chart on this, this get one more closer.

Look at it.

Um, we have a small little.

Equal low in here.

Um, we could get a little bit of a
run through that and then run higher.

That would be acceptable.

Um, but if we do drop right
away at the, at the news event,

we're going to be studying again
specifically this level here.

So I think if it's good, if it's solid
and want to go higher, 95, 75 to 95,

80 should be the downside support.

And then we're gonna make a
run on the high scene at 96 45.

So we'll look for 96, 45, 96, 50, and
then was an extension maybe up to 96 80.

If we get lakes that also gives
us if we're looking at dollar like

this, and we're doing analysis on
the dollar that gives us what $4 cat,

it gives us room for this pair.

To go higher.

It doesn't have any kind of, um,
uh, I guess really resistance

in the way of keeping it lower
or keeping it from rising.

What's over here.

What do you see on this portion of
the price action for this dollar

chart dollar CAD chart rather?

All kinds of buys stops are
residing rate above that.

Okay.

Uh, we came all the way
up through this void.

Okay.

And we're at the bear's
order block in here.

Here's where the bodies of the candles
are or by the other camera rather.

And the low comes down to here.

So you see the results
of what's been seen here.

Now look what we have double top
forming traders are going to try to

want to short this and they're going
to put what above these equal highs

to go put their buys stop
right above those highs.

Okay.

So we're going to focus primarily on
the main threshold of this down candle.

Now this down candle.

The body of that down candle.

Look, what's going on over
here with this down candle.

What is this down candle specifically?

It's a bullet or a block when we're
looking at bullish, shorter blocks.

The level at which is our most sensitive
is going to be the high to the open.

We don't want to see the mean threshold,
which is the middle of that candle,

which again, notice what's going on
with this candle right before it stops.

There we train again.

But then at that same low, prior
to the actual low candle, for

me, the bull shorter block, it's
already at the mean threshold.

So you can already see there's pricing
built in already with that level.

Excuse me.

Excuse me the, um, hang on one second.

Oh.

It's called seasoned folks.

It's all, it's all.

It's, I'm not exhausted.

It's this cold season.

So what we're doing is we're going to
be watching the input, the infects,

rather of the down candle, right in
here, we have a bullshitter block here.

Then we have a higher down candle
which supports this original buying,

seeing what this down candle, the body
of this candle also goes right into.

Uh, the upper portion above the mean
threshold of this down candle, it

supports that now we do WIC through
it, which we allow we allow for that.

But now this candle here must be able
to hold off any downside movement.

So we're gonna have a middle
of that candle identified.

And you see we're coming
already down into it now.

And that's, I don't want to get too
fast too, you know, too aggressive

about getting into that because we've
still got about seven minutes left.

So in summary, what we're doing is we're
watching to see if price has a willingness

to come down and hit this level at one
thirty, one ninety, we'll call it one

thirty, one ninety and then run to, uh,
potentially while we're the first area.

We gotta, we learned about is this

I love when it's cold out.

I can't stand the summer.

But the only thing I don't like about
winter is my children go to school

and they're in multiple schools.

So they all have the
tendency to bring home germs.

And I am OCD like crazy with
washing hands and all that stuff.

And when they come home, they're
like little germ taxi cabs.

They bring a germs right in there.

My wife is not so, uh, anal
about it, but I just can't.

I, I don't like it.

I mean, they, they come home and
they're already, you know, looking

to go right into the refrigerator
and grab something to drink a snack.

And it just drives me crazy.

You know, I don't, I don't like that.

They gotta be washing up.

And sometimes my wife allows him
to just come right on in there

and then I go crazy about it.

My littlest one, he had, uh, a
head cold about four days ago.

Not as bad as I got it, but
it landed right on my face.

And it's relentless now.

All right.

So we're looking for the opening
here and there's something you

don't care about that, but this is
the, this is all part of the show.

You get to hear everything
is going through my head,

the opening on the up candle.

Okay.

That's your bear shorter blocks.

So we're looking for a run
up to 1 30, 2, 27 minimum.

Okay.

And then we're looking for a run up to
the main threshold of this up candle.

If we can get through that, we're
going to be looking for a run all

the way up into 32, 85, 30, 2 90.

So we could see a valor
gives us about 50 PIP run.

That gives freedom for dollar
CAD, the rally that much.

Now what change.

What says, okay, this is no good.

If we run right all through here.

Okay.

If we go through this, the
last one we watch is here.

And then if some of you are newer,
like, well, well that would be a loss.

If we took a trade there, you know, it
would be, that's what happens sometimes.

All right.

So we are about five minutes out.

Um, while we're waiting for that,
let's take a real quick look over at

cable just to give folks a dialed in.

If we get to, if we get to buy in CAD,
it would be a low resistance liquid.

Yeah.

Because we would have dollar in
sync moving higher and we only have

that little area of price action,
which we'll go back to in a minute.

All right.

So we talked about yesterday,
um, this specific level and here

we watched the trade up to it.

Uh, we said it would probably go
down here and hit these stops looking

for a minimum of the first grade
of 10 pips below these equal lows.

The bodies respected that rather
handsomely spiked down, almost

got to the 20 PIP, a grade.

Didn't do it one more time here.

And then we consolidate it going
into the close, small little

consolidation during the dead time.

Okay.

And then all of a sudden we get that
little tiny little protectionary

market move, moving home.

Okay.

This little high up in here.

Was it reaching for it's reaching for
the middle of this up candle here?

The market drives hard,
aggressively lower.

Okay.

Nailing the 1 26 90 level in
the outline that yesterday.

So I'm not going to rehash it here, but in
summary, whenever the market is above and.

Big figure that it
hasn't been to in awhile.

Um, usually the big figures year
is your levels are very sensitive.

They'll see some measure of support
resistance by themselves alone because

there's a lot of orders and transactions
that go around there's numbers.

But because of, uh, The just
sheer volume of orders that

stack around big figure levels.

It's not uncharacteristic at all for, for
you to assume that markets trade through

at least by 10 pips, sometimes 20 pips.

But because of we are, you
know, stagnating around here, I

didn't see much in way of 1 26,
80 as an institutional level.

I called 26 90 just because
it would be a breach.

Re-pull it at 1 27 big figure.

So again, one more little lucky scenario.

All right.

So we're going to pay attention and
keep her focused on the dollar CAD.

And I probably should have this split.

So let's do that.

Let's split the screen

so we can focus on both at the same
time as you would your own training.

So used to keep my stuff one, one sharp,
because I don't want to give too many

opportunities for me to goof up and
talk about when I was in the free stuff.

And there's somebody going to
take offense that well, you

should have been teaching us.

I don't even want Michael.

All right.

So we are minutes literally
away from the news event.

Now for your study.

What you're going to do is if you see.

Price drop down there quickly.

Okay.

For an exercise, you can be a buyer
at 1 30, 2 big figure on a limit.

Or if you're trying to really fancy
dance it, you can do 1 30, 1 95.

Okay.

But your stop has to be,

um, it has to be in here.

Wellness.

So it has to look up.

Let me get this thing out of the way here.

Your stop has to be around 1 30, 1 60 ish.

Yeah.

At 1 30, 1 60.

So about 40 pips start roughly
35 pips if you use 31 95.

Okay.

We're just about there.

Now, what you're looking for
is you want to see price.

Then now here's the thing.

This is why it's tricky.

The dollar could shoot down, clear
out these lows and den run higher.

I'd rather not do that.

I'd rather just run because we've already
seen the price come down here and with

down any liquidity that would be below
the marketplace has already been absorbed.

Price is now hitting the mean threshold.

This or block here.

The last line of defense is here.

If we go through this, they
will want to take the stock.

Uh, it's not a huge stop.

It's just relative to the price action.

That's on their chart.

If you're late, if you're gonna be trading
on a daily chart, you're gonna be using

a couple of hundred PIP stops sometimes.

So again, it's all relative.

You can't use five pit stops everywhere.

Okay.

Eight 30 numbers should be out.

Okay.

Want to see dollar expand on
the upside, the first level

of sensitivity on the dollar?

We didn't notice.

I was talking too much about everything.

Again, we are equal Heights
in here to be mindful that

now the difference between a day
like this, again, this is what

we're trying to contrast is we have
multiple events going off in the

same day, around the same currencies.

Okay.

Dollar.

So if you're going to have multiple events
off going off on the same day, does that

present clean one sided driven price
action or does it cause more opportunity

for you to see whip selling and runs
on stops before the actual move change?

Exactly.

Very good.

Everyone's saying the same thing.

Um, whip stalling, and more likelihood
of less symmetrical price actions.

No, it doesn't mean that you won't.

Set up sometimes, you know,
sometimes it's, it works out great.

But I want you to know the
difference between when you

go into your own live trades.

Okay.

And you're trading with live
funds eventually on your own.

When you decide to do it on your
own, let's say it like that.

Um, you're going to find it.

It's going to be much easier to
predict forecast and trade in

those conditions where the market
doesn't have all these landmines.

Okay.

We talked about that in September.

So while everything may be appearing.

By one fashion or another, uh,
you know, supplying a bias for a

bullish move or a bearish move.

You have a lot of reason to anticipate
the market to go underneath lows and above

highs and not go in a direction you want
it to go to initially because of all of

the, uh, well, the smokescreen that's
caused by these, these news releases.

And again, this is the reason
why I tell everyone it's a

waste of time to try to print.

The outcome of the markets news.

I mean, you're predicting basically
lottery numbers, you know, and then on

top of it, sometimes there's numbers that
should reflect bullishness or bearishness,

you don't see that actually unfold.

So it's rather stupid.

In my opinion, it's either focused
on price or you don't focus on price.

All right.

The last line of defense is
this level right in here.

31 82.

Dollar may be waiting on 10 o'clock
news, 10 30 news crude oil inventories.

And if that's the case, say dollar stays
in this tight little range here, but it

does not come down and take out these lows
that would indicate that this comparison

wanting to come down, take the stock.

Re hit the bottom.

I'm sorry about bottom.

The opening of this down candle.

That's what I'm focusing on.

So I had two people ask, why is
this level being drawn out here?

If we see price come down and
take out this low here, folks

are already long somebody long.

Okay.

And the only swing load has been
violated is this one in here.

And while I did it at the
handsome Liam ran, ran through.

There's a lot of folks that would have
trailed our stop loss rate below this low.

If this thing's going to go to
30 to 80, 30 to 90 on the upside.

Okay.

Relative to dollar CAD, it's not unlikely
for it to come down and sweep these here.

So if we stay in a tight range for
dollar and this pair drifts down and

takes out this low, it's just going to
be a run and liquidity below this low,

low, and then probably at 10 o'clock
that's when we'll see the release.

On the heels of the crude oil inventories,
then you'll probably see the majority

of the expansion on the upside.

Then right now, all we're doing is
we're studying it in relationship to

the days that we're not going to have
all these multiple events in the news.

Hang on one second.

What do you mean by that?

Daniel?

I don't, I don't understand
what your question is.

Recap and old or block.

What does that mean?

Yes, this would be a low resistance
liquidity run to 1 30, 2 85.

Yeah.

It's the down candle right before this
big, I mean, it's obvious big run here.

It's pretty obvious on the chart, right?

I mean, you can't miss that.

It's jumping off the chart at you.

So if you see this, okay.

We know that they bought the banks,
bought all during these down moves and

they kept stabbing price downs, that and
price down, accumulating more orders,

and then price releases to the upside.

Now, when it released to the ups, Our
focus goes back to here, but we already

have a small swing low in here as well.

Ahead of the news.

We have to look at the willingness
of the smart money to want to

recapitalize this or block year.

It doesn't have to.

In fact, it's better if it doesn't come
down to this one, but I'm telling you in

terms of setups, if we trade down to this,
when we have to first contend with this

one, if we're bullish, this is the best.

If we go through this one, the last
opportunity to be a buyer would

be down here on a spike, which
may occur still around 10 o'clock.

If we trade through the highs
here, then I wouldn't even

consider being a move below here.

If it goes below this low here,
after it takes out equal highs, you

don't want to be back in the market.

And when it's below this
down candle here, no.

Whereas if it was a go through and trade
above these equal highs it's created today

or in relative to yesterday, uh, what
does that actually entail in terms of.

Hi comes in at 32, 19 and 13, 19.

So it's exactly to the PIP in terms
of yesterday's high and today's high.

So in a perfect world, we'd like to
see it move from where it's at now.

Trade back above 32.

No, I think it's the search to 20.

It should spread its wings
and go a little bit higher.

If it gets to 30 to 20, you do
not want to be long in dollar CAD.

If it goes back down below the
middle of this up, I'm sorry, this

down candle, because it would be
no reason for it to come back down

there when it's already in it now.

So if it's accumulating by orders in
this down candle, which is what we

would reasonably expect, if it does.

Continue after going to 1 30, 2 20, and
it comes back down into this area here.

That's not a trade you want to belong
in because what it would indicate is

that the market came up, swept these
equal highs, and then you got to move

to the sidelines because momentum is
probably not going to be on your side.

Technically it's low resistance.

Liquidity run, but because of the
economic news front, there are so

many high impact and medium impact.

It keeps me from taking actual live trade.

So the context is yes, it's a low
resistance liquidity run, but that's

what I'm trying to tell you by showing
you this and contrast when there's

an economic report, that's only
high-impact or medium impact that

relates directly to the currency pair
you're studying for that particular.

If you see that and the technicals
indicate it's a low resistant liquidity

run, it means it should easily get there.

That's the, that's the time when
you actually trade all all the time.

That's the one you always get in there,
but I'm showing you because I need

you to see it by experience that while
sometimes it may pan out, there's going

to be difficulty when you're trading in
an environment that has multiple layered

high-impact and medium impact news events
around that particular currency pair.

There will be discount right now
relative to the swing from this

low to this high, the question is,
is where we at right now discount.

Uh, this is the current impulse price way.

We've retraced down into
a bullish shoulder block.

We don't want to see this candle.

This is our candle.

So we got a little bit of time.

You don't wanna see this
candle closed down in here.

You want to see it
actually come out for that.

The sticking point for this one is
the dollars not willing to come out of

this little range that it's holding.

If we get some expansion in here
that will help dollar cat, but

what would we need to see, to
decide as long as viable from here?

Well, you'd need, you would need to
see the dollar expanding, but strong.

You know, big bullish candles
in here and it not go through

the middle of this down candle.

The question is why not
looking at the hourly chart?

Because our chart has this big bearish
candle, which is a bullet shorter block.

And I'm going to frame the idea
on a higher timeframe chart,

not a five or 15 minutes.

So if I'm trading on the set, the
technicals that are on a higher timeframe

chart, that means higher than 15 minutes,
that's going to be the hourly chart.

So if I'm looking for a day trade or a
potential, um, short-term trade, then it's

going to be looked at one an hourly basis.

There's more significance placed
on an ally chart than there

would be a five minute chart.

So I probably had 12 minutes
in after the news release

impulse price swing is what was
explained in the September con.

It's just, uh, obvious
price run higher or lower.

Like this is an impulse price swing.

Here's an impulse price swing.

Um, every time you see the market
drive one direction higher or another,

it's the obvious price swings.

That's basically all.

Uh, Sandra, what we, what we do is
we, we do exercises every single

opportunity we can because you
condition yourself to study price

action, and you get, you get closer.

Reading price by getting involved with it.

And the hardest thing for you
to, uh, the ones who resist okay.

Is to get in there and train
when you don't know what

you're going to be feeling.

So if we're in here in conditions like
this, while it's not a high probability

because of the economic news, front and
multiple high impact, medium impact news,

it still can be a valid exercise because
you're going to see things in your chart.

Okay, you're going to see things in
your, in your price action study.

And you're going to say, well, this
really looks like a good buy, or it

really looks like a good sell, but
you're going to have barriers based

on what the market makers are going to
do because of the economic calendar.

The economic calendar is going to
be used as a smoke screen while

they drive price around intraday.

And then ultimately after all the
news is done, then they'll take the

price wherever they want to take it.

It's difficult to trace.

In these environments, and that's
what I'm trying to highlight while

the charts may indicate all kinds of
potential setup, the least resistance.

Okay.

In terms of where you
want to see price go.

And when the economic counter doesn't
provide any landmines in terms of barriers

to that directional bias, because every
time a news event comes out, that's

high impact or medium impact, they
could potentially call short-term cases.

Where it doesn't allow your price action
to be as clean and just real symmetrical.

It makes it hard.

And that's what I want you to feel.

I want you to be in here looking
at this and saying, this is

not operating and moving.

Like I would like to see it.

And that's the, that's the very thing
that you should be taking away from it.

Even as that, even if this goes to 1 30,
2 90 today, or 1 30, 3 big, big things.

Okay.

I don't want you to walk away with
thinking, well, I'm always going to

trade this because that's the secret.

The secret is that the high impact
news and there's a lot of them.

So that makes the moose bigger.

No, that's not what I'm teaching here.

What I'm teaching you is that while
the technicals may still unfold, the

fact that we have all of these high
impact, medium impact news events

that are directly related to the
currency pair of on there of our

study, that's going to be an impact.

To you seeing your technicals pan
out in the question's going to be,

why are we even bothering with this?

Then let's just focus on the ones that
work, because you're always going to

see things that look like they're there.

And then they're going to show signs and
evidences of what we're seeing today.

And then when you see these, you need
to think about what you've learned

by doing this as an exercise and
spending time in the charts every day

with me, believe me, there's, you'll
see plenty of opportunities when

we're looking at the market where.

Economic front it's easy.

There's only one impact
or no events, really?

And then you have the technicals in line.

If I could have gone back in time and
had the information that you're being

exposed to right now, this kind of stuff,
because this is what I lost money on.

These are the events and conditions that
I forced my will in the marketplace.

And I wouldn't accept when
the market was no longer.

Good.

I would still hold onto the idea
and just say, well, I'm going

to come hell or high water.

I'm just going to stick to it.

Cause I was afraid if I closed it
or collapsed it with a small loss

or even a Martin, your marginal
win just to get out of the trade

because it no longer looked good.

And just exercise.

You sound money management and risk
management and not burn up mental capital

because you're spending a lot of mental
capital entries that don't move for you.

It takes a lot of energy
to be worrying about them.

So if I could have learned these lessons
by identifying the things that are a

barrier to your trade painting out,
I could have been much more flexible.

To allow myself to number one,
identify when it's not good.

When it's no longer any valid set up
or the probabilities may have shifted

from high to now less favorable.

It doesn't mean that the market
won't move in your favor.

Okay.

But if you get out, you can't lose any.

And that's, that's the best condition
to be in as a trader the condition

at which you cannot lose money.

That means the sidelines when you're
not at risk, that's the best position

right now, not right now for the
study, but I'm saying right now for

you as a new trader, you need to be
learning and getting in there and seeing

what it feels like to be in a trade.

Seeing what the dynamics are.

I mean, look at the dollar.

The dollar is not even moving.

And we've had hot, medium
impact news for dollar, and we

had high impact news for CAD.

This thing is probably waiting
for the 10 o'clock news release

and then 10 30 PMI numbers.

Uh, no, this for this run to 32
85 is a low resistance liquid.

Okay for your notes, make sure you
understand what I'm saying here.

A low resistance liquidity
run is a technical definition.

It's not a economic news
calendar definition.

Okay.

I'm teaching you.

Number one, the technicals are defining
whether or not the market has resistance

or low resistance to get to where
you think it's going to go over here.

Okay.

We have 1, 2, 3, but it's all clean highs.

Okay.

So we know there's a lot of
orders stacked above that.

This is only an hourly chart.

How many days did it take to
make all this price actions?

About two, about two
days worth of trading.

So we only have two days worth
of trading, holding price at bay.

And we have a consolidation in here.

The markets came off
of this nice run here.

We're consolidating.

We got a bullish, shorter block.

We have another higher
bullish, shorter block.

We come back down into that order block.

We've not come through.

We have not eaten up
this entire range yet.

Okay.

We didn't go down below the means
threshold of this down candle.

So while you're studying.

Okay, this is, these are the
signs that you're looking for.

This is all part of trade management.

It's also, also part of the theme
for this month is risk management.

So if you have a, if you have a
long one right now as a drill, okay.

We, we said that we would be lonely
at 1 30, 2 big figure or 1 30, 1 95.

We're just going to say
we've got 1 30, 2 big figure.

Okay.

You have to, your stock
would be down at 1 30, 1 60.

Okay.

So we have about 40 pips of risk, 35 to
40 pips of risk in terms of the trade.

Does that mean we're, we're willing
to take the full 40 or 35 pips

stop stop-loss as a full hit?

No.

Remember when I taught that, just
because the stop, maybe 40 pips, it might

be sometimes a 60 PIP stop depending
upon what the setup's providing them.

Don't negate that as a viable trade,
just because it's above your 10

PIP comfort level or what you're
trying to aspire to trade with 10

PIP stops that that's not realistic.

Okay.

Especially on a day where we have
a lot of impact news coming out.

So if we have the understanding
that this trade has the potential,

technically as the trade potential
to go up and clear out these holes.

Because it's technically there.

It doesn't mean that it's going to go
there one way very seamlessly without any

resistance, because the economic calendar
has all these basically landmines.

So we have a lot of, well look at it.

I mean, let's go back to
a calendar real quick.

I mean, look what we got.

We have 1, 2, 3 events.

Okay.

Eight 30 to 10 30.

We have two hours of landmines.

Okay.

To get through.

So price could be bullied
around a lot in those two hours.

So my question to you is this, if
you're going to be a trader, okay.

And you want to have the lead.

Amount of energy spent on worrying.

Okay.

And having least, um, the least
anxiety about your trading.

Do you want to trade even if the
technical support it, do you want

to be trading in an environment?

Has all these potential barriers to
the market running to where you want it

to go or focusing, focusing on days of
the week where the technicals lineup.

The news events are supporting it.

You might have one or one
medium or one high impact news

event for your currency trade.

Obviously I saying the same thing
you would be looking for primarily

looking for the one injection of
volatility by way of a high impact

or a medium impact news event.

One for your trading session around the
currency pair that has technicals lines.

So you're blending both.

Now.

I'm not a fundamental trader.

I don't view this as fundamentals.

I view it as manipulation.

Okay.

Uh, manipulation is not fundamental.

These calendars highlight when the market
has well, when it has all the recipe or

ingredients for a recipe of having your,
uh, your market, uh, account beach up.

All right.

So far again, we're watching.

It looks like it wants to
move up a little bit in here.

That's good.

That's support your bullish
or blocks over here.

Okay.

The down candles again, if we're
expecting the market to move higher.

Okay.

If we're bullish on the marketplace,
where is our focus at the down candles?

That down candles should provide support.

If the down candles in the markets that
you're studying fail to support price.

That is not showing
institutional sponsorship.

It's showing a lack of new buying.

And if they're not supporting the
down candles, nothing else will.

So what we're doing is we're watching,
we're going to see if dollar can spread

its wings and go a little bit higher
here, and that would support this

bullish or a block over here for CAD.

And then we'd watch and see if
we can get back above that 1 32.

Well, one 30 to 5, 1 30 to 10.

We'd like to see it,
get a, get above that.

If it goes back above 32 0 5, then
you're, then you're allowed to go

down until a 15 minute timeframe.

The question is when would
we use a smaller timeframe?

Like 15 minutes.

It has to show a willingness to get above
a level of well, to get the reason why I'm

saying 32 0 5 is because, look, we have
two candles here, two down candles here.

Okay.

And we're, we're reaching into this.

If we looked at this as a two hour
can a two hour chart, this would fall.

Basically a two hour down candle.

So we're dipping into what would be viewed
as a two hour bearish candle or bullish

order block because smart money buys
when the market drops, all we're doing

is we're seeing it dip down into that.

If it's good, it should see
a willingness to support.

So if we start trading down the lower
portion of this last hour, last down

candle that is not supportive of
looking for dollar CAD to run from

our entry point, we would have to
reassess and see what, you know,

if we're willing to hold the trade.

That means if you're
stopped down at 1 30, 1 60.

Okay.

And we're long at 1 30, 2
big figure, we have a 40 PIP.

Stop it.

Right.

If we get down below the mean threshold
of this down candle right here,

that price comes in at 1 30, 180 2.

So we don't have really 60 pips at risk.

We have a catastrophic stock in place.

That means if price were to run down
here, we're protected as best we can.

It's our shield.

But if it gets down below 1 30, 180,
it where's it going to reach for most

likely, it's going to go below these
lows and then you're real close to your.

You're spending a lot of mental
capital and you don't need to do that.

So if it's good, it should not
come back down below that low

there, it should not do it at all.

So what I'm saying essentially is this,
uh, in terms of our theme for the month

risk management, um, we can have, uh,
a 40 PIP stop on down at 1 31 seconds.

What an entry long at 1 32 big figure.

And we're watching levels
that are higher than our stop.

So in numbers, we're allowing price
to come down to these levels and

we're studying the sensitivity
of supporting price there or not.

If it doesn't support these levels.

Okay.

Or if price isn't being supported by
these levels, I should say that way.

Then our stock is ingested.

Correct.

I mean, would you all agree that that's
probably a good assessment based on what

you understand about the honor block?

So my question is this, how many
times have you been in a trade?

And as soon as you start thinking,
what should I do if you ask

yourself, what should I do?

And you don't have an answer for
that before you put the trade on,

did you effectively plan your trade?

Absolutely not.

You have no idea what you're doing.

You're flying by the seat of your pant.

And then it's not, it's not a surprise
while you're, you're not making money.

And then when you make money,
then you're a rockstar.

You're telling everybody,
man, I'm still, I'm all.

I'm awesome.

But when you lose, you, can't figure out
what it is that you should have done.

And then if you go back and look at
it in hindsight, and you're honest

with yourself, you saw all the
warning signs, but you didn't take it.

If you're driving in your car and you see
construction ahead, expect major delay.

If you're a typical guy, you're thinking,
well, that's not going to affect me.

I'm going to get through that.

But your wife will tell you, why
don't you take the next exit ramp?

You don't do it.

Do you, you stay on there.

You're going to prove her wrong.

You remember we were wrong.

And the narrative is you ended up
sitting in traffic and you got to listen

to her saying, you know, I told you
this and you could have avoided it by

having your trade planned out and know
what level should be supported, what

levels aren't supporting your idea.

Okay.

No worries.

If we're saying, is, is
this down candle here?

If we go below that, that candles
middle point right there at 1 30,

180 2, the stop is in jeopardy.

So even though we have a full
40 PIP stop in place, we're

not really risking 40 pips.

We're watching price.

We're studying it to see if it
has a willingness to go higher.

If it doesn't give us indications
that it wants to go higher, we

can collapse the trade with FARA.

That's all as a law.

So if we have say we take
a full 2% risk, okay.

Which you wouldn't have that on a trade
like this, but if say it's a 2% risk.

If it gets down to this point
here, basically you're, you're

cutting off 1% of the, uh, of the
risk and moving to the sideline.

So if you're willing to take a
two per cent full hit at 40 PEPs

as a stop, you can monitor and
manage the trade in terms of risk.

Because right now, W w w our focus is
we don't want to see this level give

up and always, it doesn't want it.

We don't want to see one eight, I'm sorry,
1 30, 180 2, or 1 30, 180 to be violated.

Okay.

And if it does, that's high
probability, it's going to

want to reach below these lows.

If it does, it could potentially
come down and hit this order block.

And that would not be favorable
for our entries stop loss,

which would be at 31 60.

So if, as long as it stays
above 3,100, We're good.

As soon as it gets to 31 80, then you
got to consider either taking half

of the trade off for managing risk.

Okay.

Or collapsing the entire trade and
waiting for the 10 o'clock hour

to see if the news event supports
a buy event or a trade at all.

So there's a, there's
a lot of balancing act.

Okay.

Until your trade gets a book.

A specific price level.

Um, what we would need this tray
to do is it needs to get above this

candle's high here because it's
the beginning of the Bush or block.

If we were looking at a two hour
chart, because it's two down candles

before this up moves started, I
don't have the capacity with this

platform to show it to our chart.

So because we can see price like this
and understand what we're looking at.

The high comes in at 32 0 2.

That's what I'm saying.

It needs to get back above 32 0 5.

To leave the down candles or the
bull or block, then it would give

us reason to look for expansion.

As long as it's doing what it's
doing now, the trade doesn't

doesn't have any, uh, support.

The reason why we wouldn't go down to a
15 minute timeframe for study is because

we're watching price to see if it wants
to get above these two down candles.

If it does, we're leaving, going higher.

We're leaving these two down candles.

In other words, it's this
is a bullet shorter block.

I want a two hours, uh, perspective.

So if price moves higher and gets.

32 0 5.

We have moved above
these two down candles.

That means price has found
support and we're leaving it.

So now we can go and we will, if we
could see that we would drop down

to a 15 minute timeframe and then
study the order blocks on that lower

timeframe, but we're not seeing it here.

So we have to stay on this timeframe to
monitor the support or lack of support,

seeing what these two down candles.

In reference to time stops.

Uh, you'd have to consider
equity's opening at nine 30.

The major takeaway for this is you're
seeing the struggle of price, moving

to areas that we would already identify
as highly probable runs on liquidity.

That means these equal highs up in here.

There's a lot of buy stops above that.

Okay.

And wow.

We did come back up here
and closing this void.

If we have bullish dollar, which
I suspect we do, this is going

to be a washout on the highs.

How long did it take me
to learn how to trade?

I'm still learning how to trade.

The question is, is how, how long
would I wait after 1 31 is violated

and do I need it to close there?

I would not allow it to trade below
1 30, 180 and still keep the stock.

Let's put it that way.

And the reason why is because
we've already think about, let

me throw it back in a loop.

This down candle.

We're gonna assume that's the
bullish shorter block here.

Price goes through on
this candle over here.

See this, see this up candle right here.

That candle violated the
high of this down candle.

So now this candle, if it trades back
down into it should support price.

The very next candle does
what it goes down into it.

So we should see buying.

Do we see buying yes, price
rallies, but does that rally

take us above the previous one?

On impulse swing lower.

No, it doesn't.

So that's why I'm trying to tell you,
there's a lot of things that are in

this setup that are good in a lot of
sense, but then there's other things

because of the economic calendar,
it makes it a barrier to see it.

And it's going to be frustrating for you.

That's what I'm saying.

Even if this is even if this goes
to, okay, let's say it like this.

If this goes to 32 85,
say it runs at 32 weeks.

Some of you that are new will
only take away from this as, wow.

This really works.

I'm so glad.

And yada, yada yada, or I'm going to
make so much money because this is easy.

And in fact, what I'm trying to teach
you is that it's not easy trading

in these types of environments.

Even if the technicals PNL, it
will feel much easier when we

only have one economic driver on a
calendar and the technicals lineup.

Then it's easy trading,

but I want you to focus on the
impact that these events have.

Okay.

It causes a struggle for your trades to
pan out, and then when you're in trades.

Okay.

And you all know what this feels
like as if you traded live money,

you know, intimately with this field.

The market's going to move a little
bit in your favor, then it's going to

hang around where you got to enter.

Then we'll go just below the dealing
spread and hold it there for a long time.

And you'll wait and you'll watch
and your weight and your watch.

And you're spending all kinds
of mental capital in this.

And then all of a sudden you
can't handle it anymore and you

get out, you collapse the trade.

It's just, you've got to get out of it.

And then, then it pans out and it goes
right to where you thought it was.

And then you'll tell everybody
I knew it was going to go.

Or you'll tell your spouse, or you
will have it all over, you know,

the forums and sharing on Twitter.

I called this move, yada, yada, yada,
but you're really not telling me

about you collapse the trade either.

So you're looking for moral
victory, but you're not making

any money you're struggling.

And that's what I'm trying to tell
you by doing these, these events that

we do in studying it, you're forcing
yourself into an experience level that

you can't get by looking at videos.

You can't.

I can't teach these things to
you in a video, you have to be

here watching price real time.

And if you can't be in the videos,
live recordings the same way.

There's no difference between
Watson the recording like this.

If you were here live, it's
the same thing happening.

Price is happening as we're
talking, but when we have the events

lined up technically and economic
calendars in favor, no worries.

There's not going to be any barrier.

The market makers don't have
anything in there, in there.

Uh, repertoire for the day, the screw up
short-term volatility, then it makes easy.

It's so easy.

It's, it's easy, easy, easy.

And I'll say that and I'd say
it to so, uh, to a CFTC trader.

Okay.

Monitor if a guy's watching and
if you're in here listening.

Yes.

In those, in those
events, trading is easy.

Any other time, it's very,
very hard, absolutely hard.

And this is the reasons why you have
all these things that are in your life.

I didn't learn.

I didn't learn anything from the
federal reserve nobody's ever spoke

to me from the federal reserve.

I suspect they probably
wouldn't be interested in,

uh, in talking to me actually.

All right.

So what we're gonna do is I'm gonna
let you guys study this the rest of

the morning until around 10 o'clock.

Um, again, y'all want to see
1 30, 180 violated if it does.

It's probably going to sweep below 1
30, 1 70, and if it goes down there

and we will probably retouch 31 60.

Okay.

I'm still watching that
10 o'clock news release.

As long as we don't eat up into
the 31 60 level, uh, two months.

Uh, this could be the
setup for the 10 o'clock.

If we, if we come down through here,
all eyes are on this level down here for

the still the same thing, looking for a
long up into 32 85 there, thereabouts.

Um, if we can stay consolidated in here.

Great.

That'd be wonderful.

Okay.

Um, and me personally, I like to see
it get back above that 32 0 5 level.

If it does get about 3,205 dropped
down to a 15 minute timeframe,

and then you would be looking for.

You have to watch this
down Campbell right here.

Okay.

So if we get about 32 or five, all eyes
would be on the top of this candle here.

So 31 95 would be your support level and
you'd have to watch that and it shouldn't

come back into that level at all.

If we go about 32.

Does that make sense?

You understand what you're looking at
and studying the rest of the morning

and I'll follow along on Twitter,
around the 10 o'clock with you guys.

Okay.

Don't don't negate trading in exercises.

It, these events I'm telling you,
you're going to get the majority of

the value that you're really seeking
by doing these types of things,

because the other stuff is easy.

Making money with the easy trade setup.

I don't want you focusing on that
because they'll take care of themselves.

You need to know what it feels like to
be in these environments, because it's

going to be hard for you to want to
stay in them or to see them pan out.

Even if the technical is on unfold, it's
going to be a struggle for those ideas to

pan out because the market makers are not
going to release price in that direction

until they can knock out the wrong side
or those individual on the right side,

or put them on the wrong side first.

And then, then they'll take.

And I'll explain all that more today in
the recap, when we go with the video.

All right, folks, catch up with you
later on this afternoon, follow along

on Twitter and I'll see you later.