Original subtitles

Hello folks did a recording earlier life session.

And I started a point I was wanting to make in regards to why I covered.

Okay.

On the pound dollars, uh, short, uh, real quick.

Let me take a couple of minutes and slow down because there's a

thousand things being asked of me during the live presentation.

And it was a little rushed because I had to get my son to school.

And in fact, he ended up going to school late.

So, um, I'm in the woodshed with my wife and I, as I should be.

So I have to be a little bit more, um, mindful of my time.

I made an error as a parent this morning.

So.

Now that I have a little bit more time.

Let me explain to you with greater detail, why I chose the levels

at which I covered the position.

Obviously we have the big move yesterday that took place on pound dollar.

We mentioned on recent teachings in live sessions that on the

pound, on a daily chart, we had identified two areas at which the

liquidity pools will be residing.

Those were these particular lows.

Now, once this loan was taken out,

what's this.

Here.

There's literally nothing else

at all in the form of support, nothing nearby.

Okay.

So there's was a big abyss below this low.

Okay.

So if we know.

That the market obviously was, it was in free fall.

They had nothing to find support at.

So the central bank had its best disposal.

It's the luxury of this pricing extremely low.

So anyone that would have been buying this as an old law.

And finding support, supposedly even if they allowed this little breach below

it, and there are some folks out there that actually even emailed me saying that

they were trying to do that very thing, which I don't teach that we weren't

talking about this being a bullish market.

In fact, we said this was a very bearish market.

So when this law was violated yesterday, we had a complete wash out of all these.

Price levels.

And it was very poorly and efficiently traded in the live presentation today.

I showed a one minute chart and I did this only to illustrate

what a liquidity void looks like.

It looks like this, the market was on this candle here, it

opens and trades down here.

Move the next price move is here at reprices all way down here.

So what's the, what what's going on between the close here at 1 23

99 to 1 21 86, 1 23 99 to 1 21 86.

That's over 200 pips.

In one repricing from the moment it closed this candle and reopened this

one instantaneously we're over 200 pips, different central bank repricing.

It's not that that's a lack of liquidity.

It's when the market is able to jump down to these levels.

What made it fundamentally significant down here?

I've got to go through my long-term charts and be able to pull it

up through the futures market.

Okay.

And give me some justification as to why it went down here.

For now, I don't have any reasons to give you.

And I probably should have did this before the video, but it is what it is.

So just accept it, just know that I'll do my best to find out

what down what's down here at.

It led them to draw price that low and why it should have stopped there.

Not that we could have expected that nobody could have expected it.

The only thing we'd said that this market wasn't right.

Do do.

Okay.

And, uh, it didn't have any support underneath us.

So, but the gap between these in here in this big rundown, this is

what a liquidity void is, where there's gaps in between pricing.

The same things occurring on all the quick runs, higher and lower.

And we draw a little box over this area and we expect price

to come up and draw into it.

Now I didn't expect this to full, fully fill in right away, but I did expect this

portion of the move to get closed in.

And if you go into empty four, you can see after the void has

closed, I cleared these two highs.

I one of the settlement market trade, just a little bit more against me.

Then I had to sit through all this congestion and all the way over here.

That's where I collapsed the trade at rate at the low.

Okay.

In prices now.

Over here, this, watch it tick around and to see it's live.

Okay.

It's all happening right now.

And there was the, the club, the club, the cover, the other exit was right here.

That's a, the first profit here, because I'm going to show you.

There's no guarantee that they was gonna hit my level.

Now, why was this level?

My level down here to cover.

Let's go out to a 15 minute timeframe.

And zoom back in now, I want you to look at the buyers of the candle.

Now, again, we in this mentorship, I want you to understand that the wicks are

always going to be reaching for liquidity, but the bulk of the volume is where you

want to focus your attention at just like the bodies of the candles up here.

You want to focus your attention there.

If you take your fib and there's no magic in this.

Okay.

It's just, I'm using it for discount and premium purposes.

Bodies low up to this body's height, um, identifying that

range here and measuring it.

Okay.

I accept the fact that these wicks are going to be the

least in terms of significant.

The only reason why it would be significant is if my stop was down

here, that's what insignificant, but for analysis, I'm focusing

primarily on the bodies of the candle.

So I'm drawing my fib up from the body's low, the lowest of the two

here up to the bodies of the candle.

Okay.

My belief was, I didn't believe that it was gonna come all up and close

that in there, because if they're going to slam it down, they already

have people up here that was long.

So they're not, they're not going to give them a chance to

get back out of that position.

Just a couple of hours later, you know, um, they didn't really,

that's not likely to happen.

So if they're going to punish them and keep them on the other side of that

market wrong, offside, my expectations.

I'm going to focus on the fact that this is the range that

we're probably going to stay.

Okay.

And keeping that I had this objective to touch the 70 minutes

of tracing a little right there.

That's the, that the deepest I could get, um, my expectations

on seeing price go lower.

That price level comes in at 1 22 31 can.

Again, my cover, my cover was 1 22 35, so it was only four pips away

from the actual level and the low.

Is 1 20, 2 30 and I was only five pips away from it, or essentially

the spread plus two pips.

So, um, Not a bad little example of, uh, identifying where to cover.

Um, and the other one is at the 62% change in level.

I wanted to cover at that price point as well.

There's no guarantee that we're going to get that.

So I took first profit there and then you limit what are allowed to get the rest

of the portion off in the middle of one standard lot, half the position off and

in final position taken off at target.

And that's that.

So that's the reason why I chose that.

And I didn't get a chance to see that in the live presentation this morning.

So I apologize for my.

Uh, inability to focus.

Uh, so with a demo account, hooked up to my effects book, uh, the

balance is now $7,172 and 84 cents.

Almost 44% return.

In short time.

So, uh, no, it's not what you should be expecting.

No, you should not be expecting to learn how to do this in six months.

Um, been doing it for awhile, just letting you know that, you know, what's available

in terms of your long-term goals and you don't need a whole lot of setups.

This is only really done over the course of 1, 2, 3, 3 trades, but.

With partial profits.

That's what it looks like.

It's six trades, but it's only three trades, but 44% return.

So not bad.

I'm going to close this and wish you all very good weekend.

Again, reminding you that I have folks that are in the rears with me and I'm

giving them the ability to get caught up much more lenient than I said

I was going to be, but this is the last month I'm going to be lenient.

So you must have your payments on time to me on the first of every month,

beginning, November 1st, um, all the content for this month, I will

share with you a teaching series.

Uh, titles and all that business for this month, there'll be on the forum.

And I'll give you the dates when these particular teaching will be

delivered to you so that we can have a timeline on when to expect what, okay.

So at that, what's your good luck and good trading.