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These are the user uploaded subtitles that are being translated: 1 00:00:03,460 --> 00:00:04,450 Okay, welcome back folks. 2 00:00:04,870 --> 00:00:10,060 Um, we're going to quickly discuss, uh, British pounds. 3 00:00:11,590 --> 00:00:17,920 And I was looking for the, the portion of the video I did in our three hour session. 4 00:00:17,920 --> 00:00:23,260 The other day, during the session, I, I keep the, the questions box 5 00:00:23,260 --> 00:00:27,490 up in case someone tells me that I lost audio or something like that. 6 00:00:27,970 --> 00:00:28,420 And it's usually. 7 00:00:29,770 --> 00:00:33,160 Plethora of questions or can we look at this pair? 8 00:00:33,160 --> 00:00:38,260 Can we look at Ian in everyone there's LLV and so much so, uh, but I was getting 9 00:00:38,260 --> 00:00:40,690 questions a lot about the British pound. 10 00:00:41,080 --> 00:00:44,560 You can, can we look at panel dollar and have you seen pound dollar? 11 00:00:44,710 --> 00:00:50,110 And I, I knew that, yes, I saw it and it just kept coming in waves. 12 00:00:50,110 --> 00:00:55,330 Can we talk about British pounds and for the life of me, I don't know why. 13 00:00:56,235 --> 00:00:57,345 But it just happened. 14 00:00:57,345 --> 00:00:58,305 I said fiber. 15 00:00:58,965 --> 00:01:01,515 And I said, you know, you need to stay away from fiber. 16 00:01:01,545 --> 00:01:04,305 It's going to, you know, it's not going to be good. 17 00:01:04,365 --> 00:01:06,345 It's there, you're in some deep shit with that. 18 00:01:07,425 --> 00:01:10,755 And I S I was thinking in my head British pounds, obviously. 19 00:01:10,755 --> 00:01:13,605 Cause that's the one we talked about with nothing, nothing underneath the lows. 20 00:01:13,605 --> 00:01:18,705 We, we identified the lows on British pounds with no near-term 21 00:01:18,705 --> 00:01:20,835 support, huge gaps underneath it. 22 00:01:21,915 --> 00:01:24,495 So the. 23 00:01:26,215 --> 00:01:30,715 The, um, discussion was linked with the door shut bank, because 24 00:01:30,715 --> 00:01:32,274 it's going to affect the Euro. 25 00:01:32,274 --> 00:01:33,625 It's going to affect a Euro pounds. 26 00:01:33,865 --> 00:01:35,425 It's going to affect the British pounds. 27 00:01:35,935 --> 00:01:40,615 It's going to affect, uh, you know, well, it's going to have effect on swissy too. 28 00:01:41,485 --> 00:01:43,884 So I had had discussed. 29 00:01:45,400 --> 00:01:47,920 The two liquidity pools on the British pound. 30 00:01:48,460 --> 00:01:53,230 And underneath that know, I use the term someone else shared in the chat room 31 00:01:53,500 --> 00:01:54,790 or not, it's not really a chat room. 32 00:01:54,790 --> 00:01:59,770 It's really a question box, um, regards to, uh, you know, what you 33 00:01:59,770 --> 00:02:00,940 would describe it underneath there. 34 00:02:00,940 --> 00:02:02,770 And the term that you used was the abyss. 35 00:02:03,430 --> 00:02:06,340 It's been commonly tossed in our, our tweets now, but the, 36 00:02:07,870 --> 00:02:10,509 the level at which it moved down. 37 00:02:11,744 --> 00:02:12,255 Good grief. 38 00:02:12,285 --> 00:02:17,535 Nobody could have expected that, you know, there was some black Swan type, uh, 39 00:02:18,674 --> 00:02:22,815 you know, ideas that one could go along with and create all kinds of scenarios, 40 00:02:22,815 --> 00:02:26,654 but nobody can sit here and say, Hey, look, you know, it was going to do this. 41 00:02:26,654 --> 00:02:27,345 It's going to do that. 42 00:02:27,915 --> 00:02:31,065 But we talked about, there was no real near term. 43 00:02:31,065 --> 00:02:31,174 So. 44 00:02:32,204 --> 00:02:35,385 And because of that, I've been trying to keep people because 45 00:02:35,385 --> 00:02:37,935 you're, you're actually paying for me to tell you this stuff now. 46 00:02:38,655 --> 00:02:41,505 And I know most of you, aren't going to listen in. 47 00:02:41,535 --> 00:02:44,234 I tell you I'm not trying to be a trade advisor. 48 00:02:44,565 --> 00:02:45,674 I'm not trying to tell you. 49 00:02:46,545 --> 00:02:47,054 Um, 50 00:02:50,555 --> 00:02:51,575 you guys can hear me. 51 00:02:52,355 --> 00:02:54,695 I got one person telling me that there's audio is not going through. 52 00:02:57,435 --> 00:02:57,885 Appreciate it. 53 00:02:57,915 --> 00:02:58,334 Thank you. 54 00:03:03,705 --> 00:03:06,255 I lost my train of thought new was the last thing I said 55 00:03:06,255 --> 00:03:07,245 before I asked the audio check. 56 00:03:13,995 --> 00:03:14,565 Oh yeah. 57 00:03:15,255 --> 00:03:21,165 Um, I didn't want to talk about British pounds because some of you 58 00:03:21,165 --> 00:03:26,175 will be in there trading based on something I say, and I didn't want 59 00:03:26,175 --> 00:03:30,045 to lead anybody into that pair because there's no support on that. 60 00:03:31,125 --> 00:03:33,555 And I didn't think that it would be prudent on my part 61 00:03:33,885 --> 00:03:35,265 or responsible my part date. 62 00:03:35,415 --> 00:03:37,415 And you can talk about it and get people excited. 63 00:03:37,425 --> 00:03:40,935 Cause the last thing I would want is for you to be in a trade and in the 64 00:03:40,935 --> 00:03:46,005 thing gaps down in two minutes, 700 pips where those stop-loss protects you in 65 00:03:46,005 --> 00:03:48,075 there it's it would be just ridiculous. 66 00:03:48,175 --> 00:03:49,515 You would be really hurt bad. 67 00:03:50,715 --> 00:03:54,375 And I got emails from some people that have been trading British pound. 68 00:03:54,585 --> 00:03:59,355 Some have been really good and obviously in their favor, a few, not so good. 69 00:03:59,685 --> 00:03:59,865 And. 70 00:04:01,140 --> 00:04:06,810 That's why I've avoided the British pounds, but we will talk about 71 00:04:06,810 --> 00:04:10,140 it, but I want to take a look at the, uh, the non-farm payroll 72 00:04:10,140 --> 00:04:16,560 first, and then we'll come back and review cable and the dollar CAD. 73 00:04:17,610 --> 00:04:18,300 But the, um, 74 00:04:22,430 --> 00:04:24,530 first thing you have to do is look at the non-farm payroll 75 00:04:24,770 --> 00:04:25,700 two minutes before the numbers. 76 00:04:25,700 --> 00:04:25,970 Really? 77 00:04:25,990 --> 00:04:29,210 So let's take a look at, let's go with a 15 minute. 78 00:04:35,510 --> 00:04:36,080 Dollar 79 00:04:39,229 --> 00:04:40,969 bill study calves. 80 00:04:40,969 --> 00:04:42,770 Got, um, 81 00:04:46,280 --> 00:04:47,240 what's a good pair to work. 82 00:04:47,270 --> 00:04:47,990 Look at today. 83 00:04:52,130 --> 00:04:53,150 No, I don't want to look at gold. 84 00:05:24,990 --> 00:05:25,230 Cool. 85 00:05:34,830 --> 00:05:34,920 Okay. 86 00:05:50,945 --> 00:05:54,805 As you can see, I wasn't really prepared to do a live session today 87 00:05:54,805 --> 00:05:57,355 as we were discussing yesterday. 88 00:05:58,075 --> 00:06:01,585 Uh, generally non-farm payroll is an event we don't really do too much with. 89 00:06:07,575 --> 00:06:07,755 Okay. 90 00:06:07,755 --> 00:06:12,765 We're seeing the effects of non-farm payroll just a minute before they 91 00:06:12,765 --> 00:06:13,755 actually released the number. 92 00:06:13,765 --> 00:06:15,105 So, so mine was a little ahead of the game. 93 00:06:29,995 --> 00:06:30,295 Well, 94 00:06:33,385 --> 00:06:34,914 now we have a little bit of a void over here. 95 00:06:35,815 --> 00:06:38,094 It closed in that here. 96 00:06:41,990 --> 00:06:46,220 We'll see if it wants to come up and hit the bottom of this bodies, candle 97 00:06:47,480 --> 00:06:49,070 or candles, body wise, say it backwards. 98 00:06:52,920 --> 00:06:57,030 96, 94 to watch to see if it hits that. 99 00:06:58,680 --> 00:07:04,080 If we treat through this, we'll clean out 97, 30 on the door. 100 00:07:09,119 --> 00:07:13,140 Let's take a real quick look over it all. 101 00:07:13,140 --> 00:07:16,169 He's done nothing dead movie. 102 00:07:23,969 --> 00:07:24,059 Okay. 103 00:07:45,789 --> 00:07:48,880 I think pound has spooked everybody in every pair. 104 00:07:51,130 --> 00:07:54,010 There's a, there is no. 105 00:07:57,125 --> 00:07:59,164 There's no way anyone's looking at the market today and 106 00:07:59,164 --> 00:08:00,994 saying, well, this is low risk. 107 00:08:01,445 --> 00:08:02,435 It's definitely low risk. 108 00:08:08,455 --> 00:08:14,245 So dollar can look at that heart attack. 109 00:08:18,895 --> 00:08:21,114 Now, before we pour it up, why do you think it's reactive? 110 00:08:30,880 --> 00:08:33,010 Is there something up there at those highs? 111 00:08:38,890 --> 00:08:41,350 I mean, looking at the chart like this, I mean, this is probably 112 00:08:41,409 --> 00:08:42,520 what you're used to seeing. 113 00:08:42,550 --> 00:08:46,750 If you're new, if you're looking at this and you're thinking, okay, well 114 00:08:48,190 --> 00:08:49,870 what causes this type of effect here? 115 00:08:52,115 --> 00:08:55,204 Because I'm going to tell you, this is how I, this is how I started seeing it. 116 00:08:56,375 --> 00:08:57,694 I would look at charts like this. 117 00:08:58,444 --> 00:08:58,865 Okay. 118 00:08:58,895 --> 00:09:05,824 And because I had, at the time I had super charts and Metta stock on my real-time 119 00:09:05,854 --> 00:09:11,314 data, it would be delivered to me and I'd watch price and I'd see these reactions. 120 00:09:11,735 --> 00:09:14,135 And for the life of me, I couldn't understand why they would occur. 121 00:09:14,875 --> 00:09:17,104 And as I learned more about price action. 122 00:09:18,105 --> 00:09:22,305 And then I suddenly it could go into the charts and seat and justify why it did it. 123 00:09:23,025 --> 00:09:25,185 And it had nothing to do with any of the indicators. 124 00:09:25,905 --> 00:09:29,745 We talked about a specific area on dollar CAD. 125 00:09:31,155 --> 00:09:31,635 Okay. 126 00:09:32,235 --> 00:09:37,875 And I already have it in chart form NRA tweeted actually this morning. 127 00:09:37,875 --> 00:09:41,625 So if you haven't checked your Twitter, um, there was a specific 128 00:09:41,625 --> 00:09:45,765 level that we had in mind that we were expecting price to be drawn up in. 129 00:09:46,860 --> 00:09:51,150 And that's what you see it do here, but above this specific 130 00:09:51,150 --> 00:09:52,110 level, we're going to pull up. 131 00:09:53,010 --> 00:09:56,310 All right, we're getting ready to flip over here and go up, take 132 00:09:56,310 --> 00:09:58,290 out 97, 30 stops on the dollar, 133 00:10:02,540 --> 00:10:09,920 but the levels on the dollar CAD, we identified old highs. 134 00:10:10,910 --> 00:10:11,330 Okay. 135 00:10:11,390 --> 00:10:12,020 I think there was still. 136 00:10:13,005 --> 00:10:16,845 I think it was three other fellow mistaken, my head swirled with all 137 00:10:16,845 --> 00:10:18,735 kinds of emails and questions and stuff. 138 00:10:18,735 --> 00:10:22,365 So before I click on the tab, um, to take us to the other 15 minute chart 139 00:10:22,365 --> 00:10:28,215 that has those specific old highs that we looked for in September, I 140 00:10:28,215 --> 00:10:31,875 gave you specific things to focus on what to focus on right now. 141 00:10:33,045 --> 00:10:37,215 And we build on that model every single month with new components and more 142 00:10:37,215 --> 00:10:38,475 understanding of the amplification. 143 00:10:39,314 --> 00:10:43,365 But it's the beginning basis of how everything is going to be utilized 144 00:10:43,365 --> 00:10:45,074 in this mentorship towards the end. 145 00:10:45,584 --> 00:10:48,314 They're all the building blocks that you're going to plug and play with the, 146 00:10:48,535 --> 00:10:52,604 with the PDF out, all the things that you do in a flow chart format formation. 147 00:10:53,265 --> 00:10:58,245 That's where you're going to, you're going to use these, uh, implement for trades. 148 00:11:01,854 --> 00:11:06,655 So then I will, I'll discuss this entry over here, but give 149 00:11:06,655 --> 00:11:08,025 me a second to go over to. 150 00:11:10,550 --> 00:11:10,910 Here. 151 00:11:12,470 --> 00:11:12,680 All right. 152 00:11:12,680 --> 00:11:15,860 So here's the three highs we talked about in hindsight. 153 00:11:16,130 --> 00:11:19,340 I mean, before we did it rather, the, uh, we have high here. 154 00:11:19,340 --> 00:11:20,990 We have high here and we have a high here. 155 00:11:22,890 --> 00:11:25,830 What rests above these equal highs when, when the market creates these 156 00:11:25,830 --> 00:11:31,890 little perfect little trustworthy resistance levels, what's the first 157 00:11:31,890 --> 00:11:32,880 thing that goes into your mind. 158 00:11:32,880 --> 00:11:35,490 Now what's the first thing you're thinking. 159 00:11:35,490 --> 00:11:35,760 What's up. 160 00:11:41,340 --> 00:11:45,750 Okay, I'm gonna ask you again because it's a couple of, you said it wrong. 161 00:11:47,610 --> 00:11:53,070 If you're short, if you're short on the market and you want to place your stop 162 00:11:53,100 --> 00:11:55,800 above an old high, what type of stuff? 163 00:12:03,585 --> 00:12:07,725 I'm waiting for one of the ladies to respond because I got it. 164 00:12:08,595 --> 00:12:09,194 There you go. 165 00:12:09,255 --> 00:12:09,435 There. 166 00:12:09,435 --> 00:12:09,795 You good? 167 00:12:10,275 --> 00:12:10,515 All right. 168 00:12:10,515 --> 00:12:13,305 So what's resting above old highs is by stops. 169 00:12:13,785 --> 00:12:15,495 So now think about what that's telling you. 170 00:12:15,855 --> 00:12:16,335 Okay. 171 00:12:17,715 --> 00:12:21,944 If there's buy stops there, that means that that's liquidity to 172 00:12:21,944 --> 00:12:24,105 do what sell to right there. 173 00:12:26,084 --> 00:12:27,735 They're willing to do what 174 00:12:33,954 --> 00:12:36,834 they're willing to buy positions. 175 00:12:36,834 --> 00:12:38,485 That's going to be offered to them or sold. 176 00:12:38,814 --> 00:12:44,694 So how are market makers engineering and using that liquidity? 177 00:12:45,444 --> 00:12:47,694 If the market price is below that. 178 00:12:52,040 --> 00:12:56,810 We identified a liquidity pool down here, it hit, it, ran out. 179 00:12:56,840 --> 00:13:02,870 We talked about this live, it ran up a hit 1 30, 2 44 level live and 180 00:13:02,870 --> 00:13:04,520 it came down retrace a little bit. 181 00:13:05,900 --> 00:13:10,250 And I'll get into the discussion about this, but in proximity to that area 182 00:13:10,280 --> 00:13:12,170 of buy stocks, we're still down here. 183 00:13:12,170 --> 00:13:14,750 So what's, these buys stops going to do for price. 184 00:13:16,709 --> 00:13:20,319 What's it going to act that we talked about this yesterday, it's going to act. 185 00:13:22,650 --> 00:13:24,870 It's like a magnet, it draws price up there. 186 00:13:24,870 --> 00:13:26,520 Why would they want to take price there? 187 00:13:26,520 --> 00:13:31,020 Because there's willing participants to do what, what is market price been doing? 188 00:13:31,890 --> 00:13:33,270 What's it been doing since over here? 189 00:13:35,270 --> 00:13:35,720 Going up. 190 00:13:35,720 --> 00:13:36,050 Right. 191 00:13:38,560 --> 00:13:40,810 So if they're long, okay. 192 00:13:40,990 --> 00:13:44,890 And they're only going to allow price to move this long, going one direction. 193 00:13:45,250 --> 00:13:49,210 If it's in their interest, the market's not looking to pay. 194 00:13:50,960 --> 00:13:53,240 It's to pay the bank. 195 00:13:54,440 --> 00:13:58,820 Don't believe all this nonsense like on my Twitter feed last night, some 196 00:13:58,820 --> 00:14:01,610 goober on here was talking about how he thinks he understands the market and 197 00:14:01,610 --> 00:14:03,530 there's no there's new market makers. 198 00:14:05,120 --> 00:14:08,840 Listen, the buy stops above this high. 199 00:14:08,930 --> 00:14:09,170 Okay. 200 00:14:09,170 --> 00:14:13,490 Over these highs, that's where all the willing participants are to 201 00:14:13,490 --> 00:14:15,860 buy it from you at a higher price. 202 00:14:17,430 --> 00:14:19,439 Now we're not taught to buy high. 203 00:14:19,650 --> 00:14:24,089 We're taught to buy low and sell high, but the market makers remember 204 00:14:24,089 --> 00:14:25,890 it's that market efficiency paradigm. 205 00:14:25,890 --> 00:14:31,079 You have to look at the marketplace as a liquidity provider, but we're 206 00:14:31,079 --> 00:14:34,500 all trained to look at it as a retail trader buy low sell high. 207 00:14:34,569 --> 00:14:35,130 No, no, no, no. 208 00:14:36,030 --> 00:14:39,839 I want to know where the buyers are above me because that's where 209 00:14:39,839 --> 00:14:41,219 I'm going to unload my loan. 210 00:14:43,300 --> 00:14:44,890 That's all the market makers doing. 211 00:14:45,040 --> 00:14:50,349 He's looking at what he can do to engineer liquidity above old highs. 212 00:14:50,530 --> 00:14:54,640 That way it's an easy, it's an easy place to delineate where 213 00:14:55,000 --> 00:14:56,170 liquidity is going to be resting. 214 00:14:56,740 --> 00:14:58,199 You don't need to see an order. 215 00:14:59,055 --> 00:14:59,385 Okay. 216 00:14:59,385 --> 00:15:01,845 Are all these things like go out into has, you know, they're supposed to 217 00:15:01,845 --> 00:15:04,815 order book and they show you where all the orders are stacking around 218 00:15:04,815 --> 00:15:07,005 specific price levels that might work. 219 00:15:07,005 --> 00:15:07,515 Sometimes. 220 00:15:07,515 --> 00:15:10,365 Sometimes it doesn't, sometimes it doesn't give you any kind of insight whatsoever. 221 00:15:10,695 --> 00:15:14,265 But when you look at price, price, can't hide it's right. 222 00:15:14,265 --> 00:15:18,855 Where you can see it in the easiest way to see it is old highs or lows 223 00:15:18,975 --> 00:15:23,355 and clean highs where there's real clean and tidy highs, where it 224 00:15:23,355 --> 00:15:24,555 just doesn't want to go above it. 225 00:15:24,915 --> 00:15:28,125 And it gives traders this false sense of safety. 226 00:15:29,069 --> 00:15:33,180 That it's going to go and be resistance or it's going to go and become support. 227 00:15:33,810 --> 00:15:39,750 So if we know up here relative to these three highs back here, okay. 228 00:15:40,439 --> 00:15:43,560 More so the equal double up here, but this is still nice. 229 00:15:44,729 --> 00:15:47,369 This is supporting the idea that it give you one more reason to trust it. 230 00:15:48,689 --> 00:15:52,890 The market does what reaches right up into that right above it. 231 00:15:53,790 --> 00:15:55,199 How many pips do we look for? 232 00:15:56,055 --> 00:15:59,025 Uh, stock and stock stop sweep. 233 00:15:59,595 --> 00:16:00,825 What grades do we look for? 234 00:16:03,815 --> 00:16:04,955 10 and 20 pips. 235 00:16:05,855 --> 00:16:06,065 Okay. 236 00:16:06,065 --> 00:16:07,055 10 and 20 pips. 237 00:16:08,105 --> 00:16:11,255 The level we identify relative to the, the high 238 00:16:14,945 --> 00:16:16,415 is 32 80. 239 00:16:17,165 --> 00:16:17,345 Okay. 240 00:16:17,345 --> 00:16:18,185 32 80. 241 00:16:21,195 --> 00:16:24,345 The opening who in this candle is the highest of all the books. 242 00:16:26,625 --> 00:16:31,305 It's 32 94, 32 94. 243 00:16:32,775 --> 00:16:33,285 Ready to hear? 244 00:16:33,855 --> 00:16:37,574 So it's just a little bit, just a little bit above 10 pips, but it's 245 00:16:37,574 --> 00:16:41,685 still a good bellwether measurement in terms of looking for how far 246 00:16:41,685 --> 00:16:43,515 they'll reach above that level. 247 00:16:45,015 --> 00:16:46,095 Did they work that level? 248 00:16:46,785 --> 00:16:49,455 In other words, did they spend time up there building the idea? 249 00:16:51,200 --> 00:16:55,760 It's probably going to be a bull flag or it's going to find support. 250 00:16:58,040 --> 00:17:02,510 It, kept it up there, absorbed all the liquidity and then repriced on what the 251 00:17:02,510 --> 00:17:05,540 numbers, the non-farm payroll numbers. 252 00:17:07,740 --> 00:17:11,390 So they drew price all the way up, going into non-farm. 253 00:17:13,125 --> 00:17:16,685 Cap it there notice that once it, once it got there, it didn't break higher. 254 00:17:16,694 --> 00:17:17,595 It didn't break lower. 255 00:17:17,744 --> 00:17:20,595 It just stayed in this general area. 256 00:17:20,625 --> 00:17:24,435 We only have one little retracement closing and avoid one more punch 257 00:17:24,435 --> 00:17:25,875 up to it, but didn't breach it. 258 00:17:25,875 --> 00:17:32,595 Clean these little highs out here on this one, WIC and then ran lower on the 259 00:17:32,595 --> 00:17:34,185 smokescreen that's non-farm payroll. 260 00:17:55,879 --> 00:17:57,890 Take a look at the Euro real quick. 261 00:17:57,890 --> 00:17:58,670 See what it's doing 262 00:18:03,540 --> 00:18:08,670 between this candles, opening, just downwind in this swing. 263 00:18:11,210 --> 00:18:12,980 What's in that little area right there. 264 00:18:19,190 --> 00:18:20,150 Fair value gap. 265 00:18:20,180 --> 00:18:20,600 Very good. 266 00:18:20,600 --> 00:18:20,900 Nick, 267 00:18:26,170 --> 00:18:28,060 what makes this little area sensitive? 268 00:18:37,755 --> 00:18:39,645 It's only had one side of the market traded through it. 269 00:18:40,065 --> 00:18:41,805 In other words, we had a down candle here. 270 00:18:42,405 --> 00:18:44,565 The next candle prints it trades up through it. 271 00:18:45,015 --> 00:18:46,215 So only had one pass. 272 00:18:46,215 --> 00:18:49,695 So delivery of price, just like paint on a paintbrush. 273 00:18:50,235 --> 00:18:53,085 The first stroke, it's nice even delivery on the upside, but there's 274 00:18:53,085 --> 00:18:54,075 probably going to be some gaps. 275 00:18:54,075 --> 00:18:55,185 You've got to come back down and do it. 276 00:18:55,605 --> 00:18:56,415 It doesn't do it here. 277 00:18:56,415 --> 00:19:00,825 It comes back just a little bit runs, but then we come all the way down and trade 278 00:19:00,825 --> 00:19:02,295 through that area again, right here. 279 00:19:02,595 --> 00:19:03,495 Then it's allowed to go. 280 00:19:12,675 --> 00:19:14,264 So I'm on non-farm payroll. 281 00:19:14,534 --> 00:19:18,585 Again, just say the folks that are new or you just signed in today, 282 00:19:19,274 --> 00:19:24,014 we do not do any trading despite me showing examples this year having done. 283 00:19:24,014 --> 00:19:26,895 So, um, they, they were demo. 284 00:19:26,925 --> 00:19:29,895 They weren't, they weren't to try to entice you to do this on a 285 00:19:30,495 --> 00:19:31,965 monthly basis with non-farm payroll. 286 00:19:34,254 --> 00:19:34,675 Yes. 287 00:19:34,945 --> 00:19:38,935 Um, Richie identified this also as a propulsion candle. 288 00:19:39,055 --> 00:19:42,325 Um, I like to see a level, a little bit more of a body on it, but it is 289 00:19:42,325 --> 00:19:46,405 essentially because it's respected the down candle here, came down, hit it again. 290 00:19:46,435 --> 00:19:47,635 So it's a higher order block. 291 00:19:48,145 --> 00:19:50,245 That's bullish and it came down and hit it again. 292 00:19:50,245 --> 00:19:53,875 So you shouldn't see the, uh, this candle give up. 293 00:19:54,475 --> 00:19:56,305 In other words, you shouldn't see price go below that one. 294 00:20:01,084 --> 00:20:02,735 Check a look at Aussie. 295 00:20:05,715 --> 00:20:09,564 Yes, it's dead money. 296 00:20:12,564 --> 00:20:13,705 Euro pound 297 00:20:19,885 --> 00:20:25,695 looks like it might want to sweep 95. 298 00:20:28,435 --> 00:20:33,445 90 50, 90, 70, potentially on europium. 299 00:20:41,605 --> 00:20:43,764 I don't trust this as a breakdown on dollar. 300 00:20:43,764 --> 00:20:48,565 I think that is closing in this void right in here, small little 301 00:20:48,565 --> 00:20:52,764 section, which is the fair value gap you came down and closed that in. 302 00:20:53,820 --> 00:20:57,330 I think for before we get to 10 30 in the morning, New York time, 303 00:20:58,110 --> 00:21:02,489 this could potentially go up here and start trading above 97 30, 304 00:21:06,100 --> 00:21:07,750 which is classic non-farm payroll. 305 00:21:08,230 --> 00:21:09,940 Uh, non-farm payroll day. 306 00:21:10,180 --> 00:21:11,020 Generally. 307 00:21:11,170 --> 00:21:16,000 You'll see both directions of the marketplace traded they'll set 308 00:21:16,000 --> 00:21:21,340 suddenly send it one direction in his case, down in a note, change 309 00:21:21,340 --> 00:21:22,480 directions on you and go the other way. 310 00:21:24,380 --> 00:21:26,930 So think about it this way. 311 00:21:27,680 --> 00:21:33,950 People woke up this morning, they saw the flash crash on pound dollar. 312 00:21:35,180 --> 00:21:38,090 Obviously that's sending reverberations through the marketplace. 313 00:21:38,090 --> 00:21:38,870 What's going on? 314 00:21:39,780 --> 00:21:40,880 You would, you know what happened? 315 00:21:41,840 --> 00:21:45,350 Um, they see the dollars bullish. 316 00:21:45,980 --> 00:21:49,010 So naturally they're all going to do one, wanting to do what 317 00:21:49,280 --> 00:21:50,200 they're gonna want to be buying. 318 00:21:51,015 --> 00:21:53,805 Well, non-farm payroll comes out, slammed at lower. 319 00:21:54,315 --> 00:21:57,165 It's meant to do what to scare you from wanting to buy dollars. 320 00:21:58,005 --> 00:21:58,305 Why? 321 00:21:58,305 --> 00:22:01,575 Because it's slamming down who wants to buy net. 322 00:22:01,605 --> 00:22:02,895 They get, they get scared. 323 00:22:03,345 --> 00:22:04,155 They don't want to do that. 324 00:22:04,335 --> 00:22:11,115 So they're forming a sentiment or they're upsetting market sentiment, 325 00:22:11,415 --> 00:22:14,175 even though that the dollar should be viewed as bullish because of 326 00:22:14,175 --> 00:22:19,515 uncertainty in the pound, in the Pam, there should be a rush to. 327 00:22:20,760 --> 00:22:25,830 Safety, and I'm not going to defend the dollar in case you were going to 328 00:22:25,830 --> 00:22:30,480 talk about safety or flight to quality because ultimately the dollar really is 329 00:22:30,480 --> 00:22:36,960 a facade, but that way it's engineered is they want you to go to dollars, but 330 00:22:36,960 --> 00:22:39,270 they want you to go to dollars, okay. 331 00:22:40,710 --> 00:22:42,300 For them to buy it. 332 00:22:42,390 --> 00:22:45,810 So if you went long on dollars waking up this morning, and then non-farm 333 00:22:45,810 --> 00:22:47,820 payroll comes out, they drive it. 334 00:22:49,035 --> 00:22:50,025 Recent market lows. 335 00:22:50,025 --> 00:22:50,925 Why would they want to do that? 336 00:22:51,285 --> 00:22:56,205 Because if you're along and you bought dollars on the heels of looking at 337 00:22:56,205 --> 00:23:00,885 the flash crash in cable, you're going to have your cell stops below those 338 00:23:01,335 --> 00:23:03,645 lows, protecting your long position. 339 00:23:07,335 --> 00:23:10,785 So if you have sell stocks below the lows on dollar that you bought, 340 00:23:10,785 --> 00:23:17,764 because you're trying to go to a quality, if they take the market below. 341 00:23:19,220 --> 00:23:24,440 And hit those sales starts, but low dollar lows, those cells starts to become market 342 00:23:24,440 --> 00:23:31,240 orders to sell to market providing by side liquidity for on the sorry, sell 343 00:23:31,240 --> 00:23:33,130 side liquidity for their smart money buys. 344 00:23:34,000 --> 00:23:42,490 So design is dollar higher as it should be, but they got to put people in and 345 00:23:42,490 --> 00:23:44,080 allow them an opportunity to get it. 346 00:23:45,225 --> 00:23:49,905 And then put their stops in and then run the market below those lows to drive 347 00:23:49,905 --> 00:23:54,015 in a huge pocket of selling liquidity. 348 00:23:54,525 --> 00:23:55,575 And now this buy it all up 349 00:23:59,225 --> 00:24:00,905 and then the market will be allowed to move higher. 350 00:24:02,495 --> 00:24:05,945 That's generally what you see going on in non-farm payroll, 351 00:24:06,095 --> 00:24:09,155 but because it can be a carnival ride, it can go up and down a lot. 352 00:24:09,575 --> 00:24:11,505 And it's just, it's it's really. 353 00:24:12,855 --> 00:24:17,075 And while it's sometimes fun to watch, and it is pretty much a monthly thing 354 00:24:17,085 --> 00:24:21,345 where I'll observe it and just test myself and pretend, you know, okay. 355 00:24:21,345 --> 00:24:23,835 If I was gonna hurt this trader, if I going to hurt that trailer 356 00:24:24,045 --> 00:24:28,475 trader, um, it's interesting. 357 00:24:28,595 --> 00:24:32,165 The view, it like that where the market liquidity would be 358 00:24:32,165 --> 00:24:35,195 in, in, in why it would be used. 359 00:24:35,795 --> 00:24:38,915 It's a good exercise and it builds storyline behind it. 360 00:24:39,965 --> 00:24:43,620 But as a trading day, With your putting live money in there, you 361 00:24:43,620 --> 00:24:44,940 don't, you don't ever want to do that. 362 00:24:44,940 --> 00:24:45,970 Non-farm payroll. 363 00:24:45,990 --> 00:24:49,050 We, you know, it's NFP days, but it's not for professionals. 364 00:24:49,980 --> 00:24:51,930 You do not want to be trading on a day like this. 365 00:24:51,960 --> 00:24:54,360 I don't care how good you thought it was going to move. 366 00:24:54,360 --> 00:24:57,330 And it does in the past, you have probably got a handful of examples 367 00:24:57,330 --> 00:25:00,750 where you probably could talk about how you called it before it happened. 368 00:25:01,200 --> 00:25:02,970 Try doing it with live money and see what happens. 369 00:25:03,120 --> 00:25:06,750 Just believe me, it's, it's not as easy as it sometimes feels like. 370 00:25:13,780 --> 00:25:15,730 What do I think about Euro pound? 371 00:25:16,510 --> 00:25:21,280 Um, I'll be quite honest with you, you know, I'm not gonna, I ain't 372 00:25:21,280 --> 00:25:22,600 gonna make any bones about this. 373 00:25:22,600 --> 00:25:28,360 It's because of what cable did last night, you know, we mentioned there 374 00:25:28,360 --> 00:25:31,150 was no support under us, but wow. 375 00:25:31,570 --> 00:25:34,780 I mean, they really sunk that thing down. 376 00:25:36,745 --> 00:25:40,045 And he did it right after true day closed. 377 00:25:40,715 --> 00:25:44,445 You're doing this, that look at the time. 378 00:25:45,435 --> 00:25:47,895 Look at the time, actually screw it. 379 00:25:47,925 --> 00:25:50,175 Let's just go over and start looking at, uh, cable mail. 380 00:25:50,985 --> 00:25:53,115 Cause I got to close this video and get my kids to school. 381 00:25:54,705 --> 00:25:54,915 All right. 382 00:25:54,915 --> 00:26:00,465 So all this move here, but Giardia, this was all done in like a all three minutes. 383 00:26:00,825 --> 00:26:02,195 So we're going to go down into. 384 00:26:05,380 --> 00:26:06,100 Hourly chart. 385 00:26:08,110 --> 00:26:10,150 So it looks like you had a whole hour to do all that. 386 00:26:10,210 --> 00:26:12,970 When in fact, when we go down into a 15 minute timeframe, 387 00:26:16,890 --> 00:26:18,620 it looks like you had 15 minutes to do all that. 388 00:26:18,650 --> 00:26:20,420 Well, we're going to get it on a five minute chart. 389 00:26:25,060 --> 00:26:26,650 Well, it looks like we had five minutes to do that. 390 00:26:26,650 --> 00:26:28,450 Now let's go down until one minute chart. 391 00:26:30,450 --> 00:26:33,420 It's about the only time you're gonna see a one minute chart in my teachings. 392 00:26:50,350 --> 00:26:50,800 All right. 393 00:26:51,970 --> 00:26:57,790 This is what took place in one minute price. 394 00:26:59,115 --> 00:27:00,524 And immediately was here. 395 00:27:01,425 --> 00:27:05,774 There was no trading, it was here, the candle opened and it was there. 396 00:27:06,615 --> 00:27:08,625 And the next candle, it was down there. 397 00:27:10,365 --> 00:27:17,925 And then here, here, here, here, these gaps right here, this, from this candle, 398 00:27:17,925 --> 00:27:21,615 this candle here, that's the poorest price action that liquidity boy creates. 399 00:27:22,095 --> 00:27:23,105 See this big gap, right? 400 00:27:26,365 --> 00:27:29,155 See that big gap from where this candle closed and where this next 401 00:27:29,155 --> 00:27:30,715 little piece of a candle opened up. 402 00:27:31,195 --> 00:27:38,305 That poorest price action is what is caused by these big moves. 403 00:27:38,395 --> 00:27:40,135 It's called it's repricing. 404 00:27:40,225 --> 00:27:40,675 Okay. 405 00:27:41,335 --> 00:27:42,685 Where it's here. 406 00:27:42,805 --> 00:27:44,155 They repriced the here. 407 00:27:44,395 --> 00:27:45,775 Then they repriced to here. 408 00:27:46,225 --> 00:27:47,185 Then they repriced to here. 409 00:27:47,955 --> 00:27:51,195 And it trades down in here, but this is all central bank. 410 00:27:51,225 --> 00:27:53,445 This is not lack of liquidity. 411 00:27:53,595 --> 00:27:54,045 Okay. 412 00:27:54,375 --> 00:27:56,865 They repriced the here, running out everybody. 413 00:27:56,865 --> 00:28:00,165 Then they reprice down the here, running out everybody, they repriced 414 00:28:00,165 --> 00:28:01,575 down the here, running out anybody. 415 00:28:02,595 --> 00:28:06,105 So anybody who was trying to buy a low, why they would do that, I don't know. 416 00:28:06,135 --> 00:28:08,625 I'm not going to defend that, but there's something that they're trying to buy. 417 00:28:08,625 --> 00:28:13,305 That is a lot of folks out there that we're looking at potentially 418 00:28:13,305 --> 00:28:15,705 trying to capture the low and. 419 00:28:16,754 --> 00:28:19,545 Some of them are aggressive in the inference of money to be made. 420 00:28:20,055 --> 00:28:20,595 They took it. 421 00:28:22,004 --> 00:28:23,535 This liquidity void in here. 422 00:28:23,955 --> 00:28:25,245 All I did was I waited. 423 00:28:25,785 --> 00:28:28,605 I waited for it to come up, create a void. 424 00:28:28,605 --> 00:28:29,745 Once it closed in here. 425 00:28:30,195 --> 00:28:31,545 That's why I went short. 426 00:28:32,685 --> 00:28:35,655 I went short based on the fact that we closed in the jar to this void. 427 00:28:35,985 --> 00:28:39,605 I did not expect this entire portion to be re uh, refilled in because why, 428 00:28:39,605 --> 00:28:40,815 why would they let them off the hook? 429 00:28:41,895 --> 00:28:44,055 If they repriced down the here on their first report? 430 00:28:45,625 --> 00:28:48,505 Why would you want to, why would they want to let them off the hook? 431 00:28:49,795 --> 00:28:50,755 Why would they want to do that? 432 00:28:51,485 --> 00:28:53,185 They're just going to put the screws to them again. 433 00:28:53,725 --> 00:28:58,135 So being short here, after the void closed, then let's go out 434 00:28:58,135 --> 00:28:59,725 to a 15 minute timeframe again. 435 00:29:04,285 --> 00:29:07,705 You're seeing it in here and then it ran one more time up 436 00:29:08,965 --> 00:29:09,835 drifted, a little bit lower. 437 00:29:09,835 --> 00:29:12,025 And then I sat through all this business. 438 00:29:13,305 --> 00:29:18,315 At the time that I saw this happen, actually I had met my effects book, 439 00:29:18,615 --> 00:29:22,395 uh, thing popping off in the background on that little Chi-Ming thing. 440 00:29:22,785 --> 00:29:24,615 You'll probably hear it again in person, another Nielsen. 441 00:29:24,615 --> 00:29:27,155 That's what that's, what's going on in the background with my computer with, 442 00:29:28,335 --> 00:29:34,185 well, I heard this thing and I was wanting to find out how I could turn it off. 443 00:29:34,275 --> 00:29:42,225 But when I did, I saw on there, somebody commented, um, what the F UWT. 444 00:29:43,500 --> 00:29:46,380 Like what the F just happened in pound dollar. 445 00:29:46,830 --> 00:29:50,490 And I'm like, I already had a feeling what was going to be on 446 00:29:50,490 --> 00:29:51,420 the chart when I clicked on it. 447 00:29:51,900 --> 00:29:53,940 And when I clicked on it, I was like, wow. 448 00:29:54,780 --> 00:29:58,150 And I went to our Twitter feed and obviously everybody was like, you 449 00:29:58,150 --> 00:29:59,700 know, he got crushed what's going on. 450 00:30:00,210 --> 00:30:02,040 So I went right to the chart. 451 00:30:02,040 --> 00:30:02,550 So I'm looking at it. 452 00:30:02,550 --> 00:30:02,790 Okay. 453 00:30:02,790 --> 00:30:05,640 Well here we got the void in here. 454 00:30:05,640 --> 00:30:07,020 Like I just showed you on a one minute chart. 455 00:30:07,995 --> 00:30:10,005 We were going, gonna close in some of that. 456 00:30:10,275 --> 00:30:13,635 And then what I'm going to do is this is the first retest or reach 457 00:30:13,905 --> 00:30:18,885 retrace, even if it never goes all the way down to the low, I don't care. 458 00:30:19,215 --> 00:30:21,885 I know that there's going to be one more drive that go lower. 459 00:30:22,995 --> 00:30:25,575 It can ultimately go lower and another thousand more pips. 460 00:30:25,815 --> 00:30:26,175 Okay. 461 00:30:26,505 --> 00:30:31,395 Ultimately, I think we're going to see one 14 print on four XLT, the 462 00:30:32,205 --> 00:30:34,365 demo candle one, I teach through it. 463 00:30:34,365 --> 00:30:35,835 Didn't print that low to low on here. 464 00:30:41,015 --> 00:30:44,165 My love for this feed is 1 20 32. 465 00:30:44,885 --> 00:30:45,335 So I'm not sure. 466 00:30:45,365 --> 00:30:50,975 I'm not sure if, uh, you have that low, but, um, I think there's going 467 00:30:50,975 --> 00:30:56,075 to be a wide disparity, huge disparity when everybody else is low is okay. 468 00:30:56,865 --> 00:31:00,285 What you're seeing is I think that, I think the central banks are 469 00:31:00,285 --> 00:31:04,425 pissed off because I'm talking about EBITDA when I'm not supposed to be. 470 00:31:05,115 --> 00:31:08,325 And they're sending me pop shots warnings across the bow. 471 00:31:09,825 --> 00:31:11,535 Now there's their support underneath cable. 472 00:31:11,535 --> 00:31:12,075 That's all it was. 473 00:31:12,075 --> 00:31:15,585 I got people asking me, are they trying to scare you? 474 00:31:15,645 --> 00:31:16,095 No. 475 00:31:16,485 --> 00:31:16,815 No. 476 00:31:16,905 --> 00:31:19,605 I mean, if they are, I'm not, I didn't listen to it like 477 00:31:19,605 --> 00:31:20,385 that to send me an email. 478 00:31:21,065 --> 00:31:23,375 You know, just let me know that you're upset with me and then 479 00:31:23,375 --> 00:31:24,155 we'll do something different. 480 00:31:24,665 --> 00:31:29,195 But in the meantime, in the meantime, just understand the load, the 481 00:31:29,195 --> 00:31:31,895 British pound us dollar Lowe's. 482 00:31:32,375 --> 00:31:37,025 There was nothing, there was no support, 0 0, 0, 0. 483 00:31:38,165 --> 00:31:44,885 So if we see a big rundown like this, the first retracement is just like 484 00:31:44,885 --> 00:31:46,175 the first hit to an order block. 485 00:31:46,535 --> 00:31:47,555 There's going to be movement. 486 00:31:47,825 --> 00:31:48,095 Okay. 487 00:31:48,095 --> 00:31:48,535 And it doesn't. 488 00:31:49,440 --> 00:31:51,840 See price come all the way back down to the low. 489 00:31:52,350 --> 00:31:53,010 You don't need that. 490 00:31:53,669 --> 00:31:58,980 What I did was I said, okay, if this was my low and I want to get shored up 491 00:31:58,980 --> 00:32:03,060 in here on the first fill in that void that I showed them a one minute chart. 492 00:32:03,270 --> 00:32:03,540 Okay. 493 00:32:03,540 --> 00:32:06,310 And the one minute chart was really not defining. 494 00:32:06,360 --> 00:32:09,690 I'm showing you, I'm showing you what that looks like. 495 00:32:10,470 --> 00:32:11,100 Look at that off. 496 00:32:11,100 --> 00:32:11,520 You hear me? 497 00:32:13,960 --> 00:32:17,840 The, um, it's a beautiful example. 498 00:32:19,125 --> 00:32:24,315 Of what the liquidity void looks like in essence, that's exactly what it 499 00:32:24,315 --> 00:32:27,045 liquidity would looks like when that woman in Charlotte, we shoot with 500 00:32:27,045 --> 00:32:34,905 his gaps that same, that same, uh, idea exists in all of these big runs 501 00:32:34,965 --> 00:32:37,185 in market moves, higher or lower. 502 00:32:37,575 --> 00:32:41,625 You just don't see them as obvious gaps like you do when there's 503 00:32:41,625 --> 00:32:42,915 something like this kind of occurring. 504 00:32:43,065 --> 00:32:43,425 Okay. 505 00:32:44,055 --> 00:32:47,625 So believe me, it's not that there was a lack of liquidity down. 506 00:32:48,555 --> 00:32:48,915 Okay. 507 00:32:49,485 --> 00:32:50,715 All these types of things. 508 00:32:50,865 --> 00:32:56,115 When you see these things happen, it's the central bank repricing aggressively 509 00:32:56,115 --> 00:33:00,735 down here, and they do that to scare the living hell out of everyone and 510 00:33:00,735 --> 00:33:02,175 not people out of the marketplace. 511 00:33:02,245 --> 00:33:07,815 There was people that tried to buy the low and they're holding their ass today. 512 00:33:07,955 --> 00:33:12,675 It's not there a, they got completely decimated yesterday and just the 513 00:33:12,675 --> 00:33:15,585 short span of time, the trading day. 514 00:33:19,465 --> 00:33:26,735 Yeah, you guys, if you don't mind tweet your, uh, tweet your lo four 515 00:33:27,155 --> 00:33:31,505 pound U S dollar and let everybody get a chance to see the wide 516 00:33:31,505 --> 00:33:33,125 disparity of it across everybody's. 517 00:33:33,695 --> 00:33:33,935 Yes. 518 00:33:33,935 --> 00:33:35,765 And then on Twitter, that way everyone can see it. 519 00:33:38,075 --> 00:33:45,485 And you'll see why brokers have a real good field day on days like this. 520 00:33:54,360 --> 00:33:54,540 All right. 521 00:33:54,540 --> 00:33:56,640 Here's true days and yesterday. 522 00:33:58,890 --> 00:33:59,070 Okay. 523 00:33:59,070 --> 00:34:00,810 This is where true day ended. 524 00:34:01,050 --> 00:34:06,150 We went through dead time and then boom, major repricing. 525 00:34:06,480 --> 00:34:10,469 They didn't do all this stuff during the midnight to 3:00 PM. 526 00:34:11,100 --> 00:34:12,810 That's not, when you see these types of events occur. 527 00:34:13,964 --> 00:34:17,625 Black Swan events will always occur outside of true day. 528 00:34:17,864 --> 00:34:21,284 And that's why you don't want to be trading in those dead times. 529 00:34:22,094 --> 00:34:27,935 You can get murdered in that ma I'm literally murdered. 530 00:34:28,324 --> 00:34:30,424 The next trading time that we look for 531 00:34:36,634 --> 00:34:37,174 is there. 532 00:34:38,824 --> 00:34:42,154 So between here and here, this is all dead. 533 00:34:44,795 --> 00:34:50,105 And if a black Swan event comes, it's going to happen between those 534 00:34:50,105 --> 00:34:53,165 times, go and look at the swissy. 535 00:34:53,165 --> 00:34:55,475 When it was de pegged from the Euro, find out what time that occurred. 536 00:34:56,945 --> 00:35:00,635 It's not, it's not hard to see why and when they do it. 537 00:35:01,085 --> 00:35:03,935 And again, it's not because there's, there's a lack of liquidity and 538 00:35:03,935 --> 00:35:05,135 there was all kinds of liquidity. 539 00:35:05,135 --> 00:35:06,485 That's why they repriced it down here. 540 00:35:06,755 --> 00:35:10,895 They scooped up billions and billions of dollars today doing this. 541 00:35:15,075 --> 00:35:20,175 So looking at the, uh, the cable, I wouldn't touch this for a while. 542 00:35:20,895 --> 00:35:26,445 If you got beat up, I wouldn't be doing anything with the, uh, um, 543 00:35:26,505 --> 00:35:27,735 the market at all for a while. 544 00:35:27,735 --> 00:35:32,235 In fact, there was a gentleman that reached out to me and asked 545 00:35:32,235 --> 00:35:35,475 me for some advice, and I'm going to say it, broad brush. 546 00:35:35,565 --> 00:35:36,735 Certainly everybody can hear it. 547 00:35:37,125 --> 00:35:40,185 I don't want to, uh, I don't want to be your. 548 00:35:41,100 --> 00:35:44,040 And then I certainly don't want to be the person that you use as sounding 549 00:35:44,040 --> 00:35:48,570 board for your live trades, because if I give you insights about live trade 550 00:35:48,960 --> 00:35:53,280 and it doesn't pan out where it helps you in terms of making more money, 551 00:35:53,580 --> 00:35:54,720 you're going to fault me for that. 552 00:35:55,290 --> 00:35:57,480 And my only concern is you not losing money. 553 00:35:58,230 --> 00:36:02,250 So if you lost money and you're in a position still, the first rule 554 00:36:02,250 --> 00:36:04,170 is stop the bleeding, get out. 555 00:36:04,770 --> 00:36:07,620 Don't do anything that would draw any more pain. 556 00:36:08,970 --> 00:36:13,620 It's easy to get more money back, but if you lose all of what you have, you 557 00:36:13,630 --> 00:36:15,900 got to recapitalize, or maybe you can't. 558 00:36:16,799 --> 00:36:22,290 So stop the bleeding that means get out of the train, moved to the sidelines, and 559 00:36:22,290 --> 00:36:24,450 then you wait minimum, take a week off. 560 00:36:24,810 --> 00:36:28,890 Don't look at the market, try to take any trades as simply sit on the sidelines 561 00:36:28,890 --> 00:36:33,060 and don't do anything because if you've taken a loss, then you were in some 562 00:36:33,060 --> 00:36:36,420 capacity or another long on a cable-based. 563 00:36:40,020 --> 00:36:42,930 You're, you're not going to think things objectively. 564 00:36:42,930 --> 00:36:44,820 You're not gonna, you're not going to do very well. 565 00:36:45,960 --> 00:36:46,680 You see? 566 00:36:46,860 --> 00:36:48,870 I don't know if you've heard that sound or not, but that little blue, that's 567 00:36:48,870 --> 00:36:52,350 what I heard last night that caused me go and look at the, uh, the parent. 568 00:36:52,350 --> 00:36:52,980 Let me turn it off. 569 00:36:52,980 --> 00:36:54,000 And now it's going to drive me, Ricky. 570 00:37:09,605 --> 00:37:15,695 So one more quick, look at the, uh, Euro 571 00:37:18,855 --> 00:37:22,005 nice response in here. 572 00:37:25,690 --> 00:37:26,920 Dollar loss it's Boyd. 573 00:37:29,180 --> 00:37:32,150 So you can see, or non-farm payroll. 574 00:37:33,680 --> 00:37:36,350 I would reasonably have expected this to fill in and then come up 575 00:37:36,350 --> 00:37:37,580 here and punch through this high. 576 00:37:38,240 --> 00:37:39,290 Didn't see that happen. 577 00:37:42,420 --> 00:37:43,770 The observation on the pound. 578 00:37:43,830 --> 00:37:49,540 I mean the Euro dollar has been nice in terms of seeing it unfold. 579 00:37:49,870 --> 00:37:50,260 No trace. 580 00:37:52,055 --> 00:37:55,805 So if I would've been, if I was forcing a trade or wanting to be a part of a trade 581 00:37:55,805 --> 00:38:00,275 today, which I don't generally try to do, like I said, at the beginning, um, 582 00:38:00,905 --> 00:38:06,935 what I, what would I, what I would have expected to see in the dollar pan now 583 00:38:17,155 --> 00:38:19,405 in dollar CAD murder. 584 00:38:22,455 --> 00:38:24,645 And let's talk about this one real quick and then we'll close it. 585 00:38:24,765 --> 00:38:27,195 Cause there's really nothing more to say about it. 586 00:38:27,825 --> 00:38:32,855 The last night, the dollar had already moved 587 00:38:36,665 --> 00:38:40,895 based on the dropdown on the pound dollar. 588 00:38:41,495 --> 00:38:46,625 So since the dollar had already been running up dollar cash, 589 00:38:49,305 --> 00:38:50,745 Was this sitting around in here. 590 00:38:52,245 --> 00:38:56,325 Now we broke through a high right here on this candle. 591 00:38:56,835 --> 00:39:00,945 This candle here opened and traded lower. 592 00:39:00,975 --> 00:39:05,205 And what I was looking at us as, okay, this was the run-through this candle here. 593 00:39:05,205 --> 00:39:08,115 So this is kind of like, uh, um, impulse price swing. 594 00:39:08,745 --> 00:39:14,085 Now it's a 15 minute candle, but this price went here as well. 595 00:39:15,540 --> 00:39:19,830 We came back down, traded into this, you know, in this candle 596 00:39:19,830 --> 00:39:26,780 right here of you just as a, a void filled in, we broke through this, 597 00:39:26,810 --> 00:39:27,990 the market structures bullish. 598 00:39:28,200 --> 00:39:31,560 I tweeted that I liked the dollar CAD as a bike. 599 00:39:32,490 --> 00:39:34,170 We've been talking about where it should go. 600 00:39:34,170 --> 00:39:38,850 So like I said, I gave you enough to go on in terms of what to expect. 601 00:39:39,930 --> 00:39:41,009 For upside objectives. 602 00:39:41,220 --> 00:39:48,030 So reaching for that 1 32 85, 1 32 95, um, there in the videos, just watch it. 603 00:39:48,030 --> 00:39:48,480 It's there. 604 00:39:51,210 --> 00:39:53,670 I don't want to get out at that highest price level. 605 00:39:54,240 --> 00:39:59,130 I want to get right into the level I thought would be expected to be hit. 606 00:39:59,130 --> 00:40:02,085 So, in other words, if we're looking for 1 30, 2 85, 1 30, 2 607 00:40:02,085 --> 00:40:03,690 95, where am I trying to exit? 608 00:40:05,640 --> 00:40:08,130 Yes, this is a low, this is a low resistance liquidity. 609 00:40:16,515 --> 00:40:16,815 Right. 610 00:40:16,845 --> 00:40:18,225 I want to be getting out before. 611 00:40:18,585 --> 00:40:20,865 So if we like institutional price levels. 612 00:40:21,405 --> 00:40:21,765 Okay. 613 00:40:21,765 --> 00:40:25,215 And we'd like to exit there 1 30, 2 80 is a good level to do that. 614 00:40:26,265 --> 00:40:28,845 One 30 to 90 would be a good one. 615 00:40:28,845 --> 00:40:29,985 If you really want to be greedy. 616 00:40:30,115 --> 00:40:33,315 I just don't like the idea of doing that because you can see it didn't go very 617 00:40:33,315 --> 00:40:35,445 much higher than well, what's the point? 618 00:40:37,505 --> 00:40:38,345 32 97. 619 00:40:38,345 --> 00:40:41,855 So only really went what, two pips above the 95 level we were looking at. 620 00:40:42,485 --> 00:40:44,765 And if you would've, if you would've been watching it live, you could have 621 00:40:44,795 --> 00:40:48,095 easily thought that this was going to touch 1 30, 3 big figure, which is what 622 00:40:48,095 --> 00:40:49,535 are the other objectives we talked about. 623 00:40:50,285 --> 00:40:55,505 So again, I don't want to go, I might call these levels and I can 624 00:40:55,565 --> 00:40:57,095 high-five everybody and say, yay. 625 00:40:57,095 --> 00:40:57,875 You know, the tools work. 626 00:40:57,875 --> 00:40:58,145 Great. 627 00:40:58,895 --> 00:41:01,025 Don't think for a second, I'm holding out for that. 628 00:41:02,285 --> 00:41:04,085 I've already told you my weaknesses, my actions. 629 00:41:04,904 --> 00:41:07,935 I don't want to be in there demanding every possible pit. 630 00:41:08,565 --> 00:41:11,115 So if I know where it's most likely going to go to, I'm going to take 631 00:41:11,115 --> 00:41:15,645 the first objective closest to that, where it gives me a lot of lines, 632 00:41:15,645 --> 00:41:18,944 portion of the move and it makes perfect sense for me to get out there. 633 00:41:19,424 --> 00:41:21,825 My expectation is this is going to be a reach on stops. 634 00:41:21,884 --> 00:41:23,775 I don't know if it's going to continue going through that. 635 00:41:24,345 --> 00:41:25,245 I don't need to know that. 636 00:41:25,484 --> 00:41:28,875 I just know that down here, dollar CAD hadn't been moving yet. 637 00:41:29,205 --> 00:41:30,545 When the dollar is raging. 638 00:41:31,575 --> 00:41:34,035 And pound is going into the abyss. 639 00:41:34,605 --> 00:41:38,564 So obviously all the dollar pairs should do what they should be moving higher. 640 00:41:39,225 --> 00:41:40,095 This is real quick. 641 00:41:40,095 --> 00:41:48,285 And in closing, let's take a look at what dollar ended on a 15 minute chart. 642 00:41:54,754 --> 00:41:58,714 Well, this is all non-farm payroll now, but we saw. 643 00:42:01,620 --> 00:42:02,609 Price do what? 644 00:42:02,609 --> 00:42:04,439 For a dollar yen. 645 00:42:04,709 --> 00:42:06,359 It was appreciating going higher 646 00:42:13,129 --> 00:42:14,299 in dollar swissy. 647 00:42:26,255 --> 00:42:31,985 And we saw it run for its old high as well, all the way through here, 648 00:42:35,225 --> 00:42:36,095 Reyna higher high. 649 00:42:36,095 --> 00:42:40,505 So we were bullishness on all the dollar pairs, but dollar K 650 00:42:40,525 --> 00:42:42,095 was still sleeping down here. 651 00:42:42,425 --> 00:42:43,595 We broke market structure. 652 00:42:44,405 --> 00:42:48,365 We traded down into this range here, this up candle. 653 00:42:49,545 --> 00:42:52,785 My expectation was that prices can be drawn up to here. 654 00:42:53,445 --> 00:42:59,595 So as price started closing this gap, the very next candle here, it opened. 655 00:43:00,555 --> 00:43:05,025 I was looking at right there in the assumptions was what I just 656 00:43:05,025 --> 00:43:06,345 explained that we ran through. 657 00:43:06,345 --> 00:43:08,085 We broke a swing high. 658 00:43:08,355 --> 00:43:12,045 We already closed down on this candle clear to clean up the void 659 00:43:12,675 --> 00:43:14,415 and this candle here at that point. 660 00:43:14,445 --> 00:43:14,775 Right. 661 00:43:16,080 --> 00:43:19,920 As the candle, wasn't getting like two pips away from his high that's where 662 00:43:19,920 --> 00:43:22,080 the actual entry was made right there. 663 00:43:23,580 --> 00:43:25,470 So I couldn't get the pricing down here. 664 00:43:25,530 --> 00:43:27,600 I couldn't get anything down here, but it doesn't make a difference 665 00:43:27,600 --> 00:43:30,960 because I already got the context of, we already broke market structure 666 00:43:30,960 --> 00:43:34,220 here even before the million. 667 00:43:34,250 --> 00:43:34,520 Yeah. 668 00:43:35,030 --> 00:43:37,970 And the reason why I'm doing it, I was trying to explain to you is this 669 00:43:37,970 --> 00:43:43,520 is a big impact event where it's given you a chance to get there. 670 00:43:44,250 --> 00:43:45,810 Because the dollar has already moved. 671 00:43:46,350 --> 00:43:51,240 The pound is being crushed and this pair should go higher, but it hasn't moved yet. 672 00:43:52,020 --> 00:43:55,109 The market makers have not released dollar CAD to move higher yet. 673 00:43:55,890 --> 00:43:59,100 And because of that, I needed, the opportunity was still 674 00:43:59,100 --> 00:44:00,270 on the table for this pair. 675 00:44:00,299 --> 00:44:02,460 I missed anything for a pound. 676 00:44:02,669 --> 00:44:03,839 I missed everything. 677 00:44:04,319 --> 00:44:06,270 Uh, you could have done with that. 678 00:44:06,270 --> 00:44:08,460 And not that I would have done in any way, but the point is, is 679 00:44:09,359 --> 00:44:12,210 because of what was going on in the carnage, but that pound and. 680 00:44:13,770 --> 00:44:16,379 Dollar has already rallied, but you haven't seen it 681 00:44:16,500 --> 00:44:18,870 communicated here in the U S Kat. 682 00:44:24,970 --> 00:44:27,580 It's possible to enter during London. 683 00:44:27,970 --> 00:44:35,310 Um, London's over here, so it's already moved a great deal and 684 00:44:35,310 --> 00:44:36,810 your risk opens up even more. 685 00:44:36,810 --> 00:44:38,220 So, yeah. 686 00:44:41,315 --> 00:44:46,685 This entry was after the fact where the swung thing, if you will, um, happen. 687 00:44:46,685 --> 00:44:46,924 Yeah, 688 00:44:59,765 --> 00:45:03,065 but that's, uh, that's it nothing, no, nothing more. 689 00:45:03,065 --> 00:45:04,505 I can say about it outside of that. 690 00:45:04,865 --> 00:45:05,525 And the limit. 691 00:45:07,005 --> 00:45:13,185 Relative to what we described over here, the schedule for the teachings. 692 00:45:15,255 --> 00:45:16,904 I'm glad you reminded because I was going to forget that 693 00:45:16,995 --> 00:45:18,075 because we gotta close this up. 694 00:45:18,375 --> 00:45:25,035 The, uh, the month of October has five Saturdays in it. 695 00:45:25,964 --> 00:45:28,424 Last time I checked, let me make sure I'm saying that correctly. 696 00:45:30,705 --> 00:45:30,944 Yeah. 697 00:45:30,944 --> 00:45:32,685 1, 2, 3, 4. 698 00:45:33,480 --> 00:45:33,660 Wow. 699 00:45:33,990 --> 00:45:36,240 Now 1, 2, 3, 4, 5, yeah. 700 00:45:36,270 --> 00:45:36,720 Five of them. 701 00:45:37,050 --> 00:45:44,430 So we're going to see a delivery delay just this weekend, because I have folks 702 00:45:44,430 --> 00:45:47,640 that are waiting to pay me and I'm giving them a little bit of leniency. 703 00:45:49,260 --> 00:45:53,310 So I'm going to allow you, uh, an opportunity to trust me that we will make 704 00:45:53,310 --> 00:45:59,010 good on this, uh, the eight deliveries of this month's teachings, but this, this 705 00:45:59,010 --> 00:46:01,410 weekend alone, I need to, I need to wait. 706 00:46:01,410 --> 00:46:04,170 Cause there's still folks that are telling me that they can't pay until next week. 707 00:46:04,170 --> 00:46:05,910 So I'm not going to give them any of the content. 708 00:46:06,510 --> 00:46:09,330 And I know that may be viewed as I'm punishing you, but 709 00:46:10,440 --> 00:46:11,610 you'll have all eight of them. 710 00:46:12,885 --> 00:46:16,125 And plus my voice is a little bit raspy and I would rather get an opportunity 711 00:46:16,125 --> 00:46:19,065 to get a chance to rest it before I get in there and start knocking off those. 712 00:46:20,595 --> 00:46:25,815 So that fair for most of you in here, some of you are going to be mad and good. 713 00:46:25,815 --> 00:46:26,835 My pitch fork now. 714 00:46:30,455 --> 00:46:30,665 Yeah. 715 00:46:30,665 --> 00:46:34,565 Just give me, uh, just give me a little bit of a time to, to allow these folks 716 00:46:34,565 --> 00:46:41,310 to either get in sync or take . But that's it, it's nothing more than 717 00:46:41,310 --> 00:46:42,990 to talk about for non-farm payroll. 718 00:46:42,990 --> 00:46:43,980 Just not event. 719 00:46:44,040 --> 00:46:47,520 I can't do anything on these days and I'm educating you not to do so as well. 720 00:46:48,390 --> 00:46:51,270 And in fact, I would have been wrong if I would've did something. 721 00:46:51,270 --> 00:46:53,790 So again, that's one more reason why I don't do anything with it. 722 00:46:53,790 --> 00:46:58,350 Cause it's not, in my opinion, it's not trustworthy in my ability to be a hundred 723 00:46:58,350 --> 00:47:02,710 percent accurate is nowhere near that. 724 00:47:02,710 --> 00:47:03,510 I'm not willing to deal with this. 725 00:47:03,510 --> 00:47:04,080 Let's put it that way. 726 00:47:07,010 --> 00:47:11,040 Um, I was bored and I hadn't been on that Twitter feed as the reason 727 00:47:11,040 --> 00:47:12,090 why I was doing that last night. 728 00:47:12,090 --> 00:47:13,470 And I had one and I still have one. 729 00:47:13,500 --> 00:47:16,710 I'll probably still do more over the weekend, but I'd say 730 00:47:16,720 --> 00:47:17,850 guys, thank you very much. 731 00:47:17,880 --> 00:47:18,840 Have a good weekend. 732 00:47:19,020 --> 00:47:20,910 I hope you didn't get hurt in any of the lbs stuff. 733 00:47:21,090 --> 00:47:23,160 Uh, do not trade today, stay out of the market. 734 00:47:23,700 --> 00:47:31,109 And I will have a recap video for you Saturday evening by 3:30 PM. 735 00:47:31,110 --> 00:47:31,350 New York. 60137

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