Original subtitles

Okay folks.

Welcome back.

Today's Tuesday, October 11th, 2016.

Okay.

I gave you a couple things to study this morning on the dollar CAD, via Twitter.

So you'll have to go through the Twitter feed and get these charts that are.

I'm going to refer to in a reference.

Okay.

I'm going to zoom in.

Okay.

And this is kinda what ends up happening a lot.

I want to take this line off here, cause this is not what I initially showed you.

The folks that do have the benefit of being able to be in

front of the charts all day long.

Invariably, we'll have a tendency to want to zoom in real tight.

And if you look at the, the charts I shared this morning,

we had one of our members, uh, share a successful trade

based on a bullshitter block.

Going into London, retrade back into the bull shore block, the down

candle, wait for them, move up.

And it showed him a prophet and he gave feedback to the community that it

was a relatively easy trade for him.

Now, I don't know if the context was framed in what I'm going to show here, but

what makes it easy and what made it easy?

Is what we're going to highlight.

And then we're also going to highlight what makes certain order

blocks a little bit more challenging or require a lot more in terms of

response, or they will be violated.

Now, if we look at price, as I was outlining this morning, I gave you a

couple of different examples of our each down candle was being supported

by new buying this down candle here, price trades, back down into it.

And price rallies away, price trades down here into the series

of two consecutive down candles.

This is the equivalent of a 30 minute bullish order block smart

money buys as the market goes down.

Two consecutive candles that trades right into that here and

it rallies again, price comes back down again, trades into this down.

Is there new buying?

Yes.

New buying occurs and it takes out this old high.

Now what's important is this, I was showing you a zoomed in

perspective, like this, not giving you the entire scope of what you

should be looking for as a trader.

When you're taking trades, you need to be looking at the entire landscape.

Don't just focus on these smaller timeframes, because if you do,

you're going to miss all of the most important, significant price levels.

If we noticed.

By zooming out.

I highlighted this in a chart on Twitter as a liquidity void.

Now gentlemen had shared on the Twitter today that he had a long

off the order block here and it ran.

Rather handsomely for him in your same, in his words was it was an easy trade.

What made it easy was the fact that we were trading off of a Bush or a block,

but all of this range in here was only traded on what side, the sell side.

It was only going down.

There was no up movement through it.

So it was all think about that paint brush analogy.

I use the paint was applied to the canvas only on the downstroke.

There's been no up movement to fill in this area here, which the

two I'm sorry, three up candles.

Start

once it breaks below the body, that up candle here, that's when the void begins.

Okay.

There's a fair value gap between the low of this candle and it's.

It fills in initially here, when it runs up, then it retraces one

more time into a bullish or block, and then it runs through it.

One more time trading up into these three candles, which would be, what

if we could make a 45 minute chart is, will be a 45 minute bear shorter block

because three consecutive, 15 minute.

This high's ran out as it closes in the void.

Now, the question is this.

If we watch price, come back down and we look at this down candle here

should have, should have we don't have, let me say that correctly.

Should we expect to see price, see a strong response off that level?

Having all this understood it can have.

But we don't trade in.

It can happen.

We trade in high probability or low probability, and we focus

primarily on trade trading and conditions that are high probability.

So if the market had all this rains to close in and it did so rather efficiently

this morning, going into London and in stabbing up into, uh, pre New York,

if we see this occurring and we see the market, come back down one more

time to a potential bullish or block.

The probabilities are expressive for one sided.

Okay.

The probabilities are not as strong as if we were trading in the condition

that we saw going into London because all of the void was all exposed.

Here is all open range.

So it allows price to want to run up air aggressively and have no real resistance.

So in, so in essence, what is.

More, what was rather, what was the London open set up by definition?

Would it be a low resistance or a high resistance liquidity run, obviously a

low resistance liquidity run because prices only traded down in this range.

So all the price action between the opening of this candle, essentially

1 30, 2 32, all the way down into.

We'll use the opening on that.

Uh, 1 31 79.

So between the opening of this down candle, where here and the opening

of this up candle, we're here all between those two price points.

And I'll shade that in for you

all of this, is it liquidity void?

That means it's only been offered on a sell side.

It's all been one-sided it's been big.

No real back and forth type of action.

So as price let's do it like this.

You can see it in context, price starts to trade higher.

Now we're into the void right there.

So as price is rallying up, it's going to want to fill in all of this.

That's how you use the liquidity void price comes back down.

Now we have midnight in New York price has a small little Judas swing.

Right back into bullish, shorter block

bullish order block forms.

Again, we have an impulse swing.

Retraces back into another bullish order block.

There's your buy.

Now, if you're buying there, you have relative equal highs in here.

Also, you have all of this, all these prices up here.

So now the void really is here.

So you had this exposed area to trade up into.

If you get a buy here, you want to see a trade up into that level here,

because this is all one-sided down.

Price action.

You want to see it?

Trade back up into it.

Price expands.

Boom.

Closes it in right there.

Okay.

Then you get a little retracement.

One more time.

It pops through.

Runs out our height right there.

So now we're looking at this and we offered this as a study this

morning should just be a buying opportunity up against avoid.

It can, that's the thing it can happen, but the probability shift

to a lower probability, because there's not been any runs on stops.

We've already seen the market re run up there and closing this gap.

Okay.

All that voice is filled in.

There's nothing.

There's nothing in here near term.

Okay.

That would be a resistance for price to come back down and take stops.

Everything's been one-sided today.

Here's the low.

We have a higher, low, higher, low, higher, low.

We broke new highs each time, but this high breaking this high here, it

occurred as we completed this week.

So, and we're trading inside the range.

Okay.

Or trading fair value because the long, and here, the young man shared on Twitter

today, he should have been aiming for fair value, which would have been closing of

this gap or the fair value gap between this low up to this opening price.

I'm going to give a lot of specifics about that, but I want to give you

examples of, of it repeating over and over and over again, and why it

gives us really easy, low resistance.

Setups where you ex exactly where you want to trade, that you want to

trade in those conditions, because it gives you a lot of peace of mind.

And it also gives you context, which is what a lot of us as a

nutrient do not have many times.

So I highlighted the fact that if we see a bull shorter block, but

we closed and avoid on the outside and it's been bullish time of day.

Okay, we're going into the New York setup or it's a session so

we could see a retracement all the way down into the cell stops.

Now, cell stocks reside below this swing low here.

Then we had cell stops below here, and then if we really washed

out it would've been, uh, a run on these equal lows over here.

Okay.

Now I highlighted in the most recent chart, the opening price.

Off at midnight candle, which is very, very influential.

Okay.

Opening price comes in at 1 30, 1 98, 1 30, 1 98.

So all below here, the young man that shared his long on dollar CAD

this morning, he was actually buying below the opening price, which

is if you're going to be bullish, that's the best time to be entering.

So here we have another area of cells.

Right below that low, no think prices are going higher,

higher, higher, higher, higher.

It's the liquidity void runs that I'm high here.

If it trades back down, is it good?

Is it good?

Is it, what would it be good for it to want to retrace back down into,

after taking on a high after closing and avoid, would that be essentially

a strong or high probability?

In my opinion, you know, because we've already closed in it's

low, it's low end objective with the least amount of resistance.

So it's already closed in that and we've also pierced to high.

So if it's strong, if it wants to go higher, it will go continuously expand up.

But if it doesn't show signs of doing that, and he does this,

even though there's an older block here, I'm going to suspect that

it's going to go for the study.

Because we've already closed in a significant institutional

order flow reference point by way of the liquidity avoider here.

So when you're looking at your setups and you're looking for trades, your

eyes are looking for these voids.

You're looking for these real easy paths of least resistance where

price can easily trade up through it.

And especially in this case, it's been downloaded.

So it creates a void on the downside.

So if you're long, it makes it easy for price to trade up here

because there's really nothing over here to offer resistance.

Think in terms of classical support resistance.

If you're buying here outside of this short term high here, there's

nothing in way of staving off, up higher prices, except for the, uh,

return back to this three up candles, which would be a bare shoulder block.

So it allows us framework and gives us context to look for setups.

Now, if you see these things happen, even though it's time of day and it's New York

set up and it's been going up the idea of how do you know when it's going to run for

the staff and when to look for an older block, this is one of those examples.

It gives you, um, a real experience to, to relate, to seeing say, okay, look,

next time I see a liquidity void and I've been buying and maybe it's been a.

If I see an order block form just below, like we saw here.

Okay.

If we see that we don't want to look at that as a buying opportunity.

This is not a high probability by a bullshitter block, but a turtle soup

run below these lows here, or return back down into this order block, which

would also be below the opening price.

See, that's why it's important.

You have to be focusing on that, that the opening price at midnight.

Because if the range is going to expand let's to take a look at the dollar, the

dollar rate reached up finally into that 97 30 level we were looking for last week.

Uh, we breached it, came back above it, uh, almost one 20 pips.

Uh, the high came in at 97, 47.

So I was three pips away from that scene at our 25th grade sweep.

It's it could expand up in here.

But price came down.

It, this area in here, bull shorter block.

And one more time, we've seen response, uh, because we're expecting modest

bullishness on the dollar still.

Uh, if it's going to be bullish, they're going to want to come back and take those

stops because nothing over here with the exception of this little blip, taking out

this short term low here, there's been really no runs on, on cell stops below.

The marketplaces is not, not on the 15 minute timeframe.

And price does what it trades down, clears out the stops trades

into what, what is this here?

Bull shorter block.

Why is this a bull shorter block?

Because it's the down move down candle right before price trades higher.

And it takes out the short term high.

So this is a real high probability candle.

And you also have what I think precision trading concepts.

We have a swing low, so staff will be resting below that.

Now we have an order of boxes.

So if price can come down and I hit those staff and hit the order

block, that's high probability.

And that's how you're seeing the sensitivity of price action here.

Okay.

So what I want to share, what I want to share with you today is the importance

of what I showed you in the first month.

September.

I told you what to focus on.

If your eyes are focused and trained in, on areas of where

prices moved away quickly.

Okay.

Example, like we showed here.

Okay.

These voids, if we can look for these levels in price and we get

enough of a range, that's enough of a range in there to offer.

Well, let's see what it is in terms of tips.

Okay.

Uh, we identified the opening on this candle

at 31, basically 31 80.

And the opening on this candle here at 32.

32.

So roughly what?

20 pips, I'm sorry.

50 pips.

So we have a range of about 50 pips.

So if you can get along in here that if you buying down here and you still have

the potential to make as much as 30 bucks.

And that's good.

I mean, that's all you really need.

40 pips is ideal.

I look for slings that offer at least 40 pairs because even if I get it

wrong, in fact, they're spread on both ends getting in and getting out.

It'll at least give me 20, 25 pips of potential range.

And that's fine.

That's about the low end that I want to do for my trades.

But, uh, if we see if we see scenarios where we can get a long inside

of the range, what is this range?

The range is this.

Down to this low.

So think about what's going on here.

This is the range defined from the high down to the low.

Okay.

If you're buying down here, you're buying below equilibrium.

So you're buying at a discount.

Okay.

And I want a smaller impulsive price swing here.

This movement back here relative to this low, to this high, this is below

equilibrium and it's in discount and that would be a range expansion, and

it would be justified to see that long.

And it's additionally below the opening price of today, which is

here, which is denoted by 1 30, 1 98.

Okay.

So price had a lot in terms of offering upside potential, but

as soon as we close in this.

If you're alone, you got to really take a lot of the position off there because

one of two things can happen one.

Well, I guess it's three things had happened.

Uh, it could continuously go through and you want to pay yourself.

Obviously that's the best scenario.

The other one is what we see here.

It can go up and install and retrace.

And if you've tried, your stop-loss too tightly behind you underneath the, uh,

recent lows, this is what tends to happen.

It price comes back and takes, uh, takes that.

Position out and you don't want to try to take your position off either

by stop or by collapsing and partial profits on movement against you.

Okay.

If you can save your stock before it makes a run on it, that's ideal,

but you always want to try to take the trade off in the best condition.

That means, uh, moving away from your yeah.

So, if you're short, you want to be trying to collapse your trade on a down

candle or moving away from your entry.

And if you're bullish, you want to be a trying to collapse your trade and

saving your stock up candle or movement away from it, or collapsing it with

profit as it moves away from your entry.

That's the goal.

That's all part of trade management.

You'll learn a lot of that as well, but here, um, the idea of looking for savings.

Okay.

I think I asked you this in closing.

If we are looking for liquidity voids like this, okay.

This is your gold mine.

Okay.

You're all like treasure hunters.

Okay.

You get into charge and you're looking for something.

You've all been looking for some neon sign to flash across the screen.

This is what you should be looking for.

This is what the setup is.

This is what tells you when to get in.

When to get out.

It tells you.

It tells you everything you need to know when you find these areas

in price action, these gaps, okay.

They have a high probability of filling in.

Now, the fact of when they're going to fill in is all relative to the

price action at the time that you're studying it, this that void could

stay open for four months, but as it were, and you can see that the

market opened today, it traded down.

Gave us a market protraction or Judas swing rallies up comes back down,

gives us an opportunity to be a buyer.

I didn't take this long.

I did not take this, but I'm only, I framed this whole teaching today on the

gentleman that shared his long on Twitter.

And I thought was a really wonderful study because he asked about, uh, you

know, would this candle be a propulsion?

Relative to the down candle here, which is a bullet shorter block.

And the answer to the question was obviously yes.

And then you had propulsion candle here.

You had a order block at each one of these or a bullshitter blocks when you

have a propulsion candle here as well.

Um, I don't want anyone thinking that a propulsion

candles, uh, anything different.

A bullish, shorter block or a bare shorter block in this, in this case, it

just gives us significance to expect a dynamic move away from it should be a

high responsiveness away from that, that order block, the initial order block.

We don't know if that down candle is going to present the impulse swing.

That's the part we wait for for high probability setups.

Once it occurs and price clear as the high of the down candle then needed

to simply matter, you just wait.

And you know exactly what the wait for.

You want to see price come back down into the down candle when that occurs.

That's the buy that's when you buy it.

So if you're looking in this and in the context I'm sharing here, if

you were seeing this down candle, the price moves up and, and like

the young man did this morning.

He went long here.

He bought it.

If you see that you got to look over here, you have all of this exposed range.

Okay.

And where the liquidity void as, uh, as formed.

So if you're buying down here, let's say you're looking at the

opening price on this candle.

Hang on one.

So if you're looking for a move from the opening price on this

candle, again, being 31 86.

So if you were going long with a limit at 31 90, from 31 90, up to 32 30, you

have, uh, have 40 pips offered to you in range by being a buyer here and what

the expectation of price is going to close in all of this exposure range.

So that's the foundations to look for.

The setups with trading inside the range.

There's a lot of it.

There's opportunities, obviously when there's a break on previous

highs and previous lows that are low resistance, liquidity runs, but inside

the range, this is how it's done.

You'll see that you don't even need to get 40 pips up to that level here.

It's, it's very clean.

It's very easy to determine what that range would be.

Everything we've tried in previous teachings, um, gives you

framework for the long in here.

But it tells you where price should go and why it should go.

There is because this market's only been delivered on the sell side, here

to the market is going to want to do what you think like that paint brush.

Okay.

You load the paint on a paintbrush and you put it to the canvas and you stroke down

on the canvas and you apply the paint.

Okay.

And you start going up.

Okay.

Well, you're going to have to get more paint when you retrace the paint

brush has gone back in that bucket.

Again, adding more paint to the bristle.

Goes up again, go back into the bucket and get some more paint, apply it to

the canvas, come back to the bucket, grab more paint, apply to the canvas.

Now you closed in all of this little area.

If you've done any kind of painting of any kind, especially if you've

done it interior, a bedroom or a living room or whatever.

Even I was younger, I did it.

I don't do it so much now.

I'm not that proficient without making a mess, but you know

what it's like to put that.

On a wall, you know, when you first put the paint brush here, the

first couple inches is beautiful.

It's vibrant.

It's, it's, uh, ample amount of delivery of, of the paint.

Well, price action is just like that.

You know, over here we have an empty canvas here.

We have the paint being applied here, but it's creating little

pockets that need to be filled in.

You don't see it when you look at it, just like this as a new trader, but because

of your understanding of price action now, and you're learning more about it.

Price is going to want to offer the buy side as well, going up.

So both sides of the marketplace in an efficient price delivery, let's say it

like this, every portion of every range, I don't care what range or, or timeframe

you look at if price has been delivered.

Okay.

And this is what I want.

I want you to come away with today and we're going to close this session.

If price.

This is, I'm telling you what I'm about to tell you right now is 100%

millionaire making to pay attention.

Turn that soap, operas off, turn it to a cartoon network off.

If you're home watching with the kids, if we see a range of price and it does not

matter what timeframe it does not matter.

It's completely 100%.

If we have a range and it doesn't matter what the range is, but say we've

defined the range where price has shown a really one-sided delivery going lower.

Okay.

So we saw price, trade, lower going down, ideally.

You're going to be looking for price.

If it's down here.

Okay.

Prices dropped down between the range of 1 32 0 9 to 1 31 54.

Now I'm giving you this as an example.

Okay.

I'm not specifically aiming anything over here.

Price wise, relative to this currency pair.

I'm speaking in hypothetical terms.

So if prices.

Like we see it here.

It's offered all on the sell side.

That's what's being conceptually described here.

Okay.

All one side of going down when you, we see a reason to be a buyer.

Okay.

What's what we're expecting is in an efficient market, uh, delivery of price.

The range is going to expand up.

May reach may retrace back, expand back again, come back.

Expand again, come back and then expand again and fill in that entire range

that was offered on the sell side.

The buy side will fill we'll fill in and reverse the set for

when the market makes a move up.

Initially, if the market move is seen as a sudden movement higher.

Okay.

And we see a liquidity void was a price running up aggressive.

Eventually some point, the market's going to want to efficiently trade

all that range that was offered on the buy-side only with sell side delivery

and then you'll have efficient price delivery between both those data points

in terms of price, 3,209 and 31 54 will have been efficiently traded.

When we see an absence of price being offered on the opposite side

numbers, if it's only been buying okay.

We're going to be looking to close in or trade inside the range

down into this portion over here.

And it doesn't have to break 31 54.

They'd be profitable.

Does that make sense?

I haven't looked into anybody's comments until now, but does that make

sense to anyone or everyone rather?

So.

When you're looking at price.

Okay.

When you're looking at price, the reason why I try to draw your attention

to these big runs in price is because it allows you to frame your trades.

It gives you the context to say, okay, this is a bullish condition,

but is that range offering me a number of pips in terms of where

I can reasonably manage the.

And allow me a three to one, four to one or five to one ratio.

Okay.

This is a good question.

And this is the only question I'm going to take.

Okay.

So please don't be offended if I ask, cause I want to make these short,

if we look at where prices rate here this morning, right there, that

was the London buying right there.

Does everyone agree that why that's a bite at a down candle,

which is a bullshitter block.

We have price run through trades back down into it, right there.

That's the buy rate there.

Okay.

If you look to the left right there, where's the, where's

the, uh, the range it's here.

You see that.

So when we're looking at voids, now this is really important.

Okay.

Because you've heard me kind of like the little supply and demand folks.

When you're looking at voids, you do not cut through candles.

Okay.

Remember this, write this down.

Now, when you're looking to trade inside of the range, you

do not cut through candles.

You don't look.

Okay.

You just go immediately to the left.

Now you see this as a void right here.

Okay.

Now there are things that we talk about and we will talk about, which is

recapitalization of old order blocks, which is over here, but when we're, when

we're trading inside the range, and this is why I said you're going to have a lot

of opportunities to pick and choose using my tools and these concepts to be able to

frame what type of trader you want to be.

Okay.

If you're looking to trade inside the range right now,

looking at price as it is here.

If it wasn't London right here, this is the only exposed portion of this big

liquidity void from this price level here down to this high, see that from

this high up to that level here, that's the only exposed area of the liquidity

void that has not been traded up.

Well, that's why I didn't want to take questions cause I'm going to,

I'm getting a million questions now.

Why, what do I mean by cut through candles?

Just looking to the left, just understand that this is the only range that

you need to be concerned about with right now, because outside of this,

what's over here a big consolidation.

So we're only worried about trading inside this, this range, this high.

Down to this low right here, it's offering a opportunity to be a buyer.

And if it's going to go up, we should be reasonably expecting it to go up to this

level here, which closes in this void.

And I know some of you are still sticking on what's avoid and how do

I find it and what do you do with it?

And that's, what's being taught to you.

Okay.

But I got to have several examples to be able to show to you.

Cause one, just one.

But if you go keep, if you could go look looking over here to the left, you're not

finding a range, you're just finding more price swings and you don't need that.

You only need to see what the most recent price range was and price was

delivered aggressively down here.

And you only needed to identify where that void closes, which is the up candles.

By identifying that 1 30, 2 32 level and prices down here, it's offering you

a range of about 40 pips from where you would be buying up to this price point.

Does, does everyone get that part?

That's all.

I really want you to understand that right now.

That's all you need to understand right now.

Okay.

As long as you can see that this, this void here.

And the range up to that point here offers you 40 pips.

If everyone understands that, then I was successful today.

Okay.

Because we'll build on this,

no Tanner and Tanner's diverse in that.

I'm actually framing today's teaching on your trade was

significant and it was done properly.

There was nothing wrong with your trade.

It was executed very well.

Don't don't take anything down saying as a derogatory or criticism.

I mean, I'm actually acknowledging what you did was right.

So the idea is if you're buying down here on this order block and you're

offering 40 pips or the market is offering 40 pips in terms of rain.

Okay.

So that's what you're determined.

You're saying, okay.

What's the amount of rings I have for profit.

So no, no arc.

It should reach up to 1 30, 2 32 relative to the buy set up that was

taken by Tanner and shared on Twitter.

But in hindsight, I'm speaking specifically about

the bull bullshitter block.

If you're being a buyer down here, okay.

If you're buying that your stock needs to be below this order

block, it could be 10 pips below.

Okay.

And if that's the case, we'll just say 31 75.

So it's a 15 PIP stop.

So if you have 15 pips stop and you're looking for 40 pips of

range to get up in here to close this void, what type of gearing is

that in terms of risk to reward?

Oh, it's essentially three to one.

And now if you're looking for a movement, the sweep in above this

level, which will be a bear shorter block running thing running into that,

you could probably, you probably may.

I'm not saying you have to force these types of things, but you could

probably squeak out, you know, three to one, maybe who cares, you know,

but as a new trader, you're not going to be getting five to one.

You're not gonna be getting 10 to one.

You're going to start with one-to-one ups and see how consistent you have

to be to be profitable doing that.

Now we're going to grow into two and one and 3, 2, 1, and we're going to

graduate up, but you'll leave the mentorship with your only setups

are going to be five to one payouts.

And that's why I'm trying to tell you it, just because I can see these

things and I can talk about them.

And you've seen examples of me calling specific moves and other

people taking trades as well.

I like setups that.

Give me five to one.

So I'm willing to wait around for those to form and I need to trade in timeframes

to allow those setups to form more.

But there's the response off that order block in a rally right up

to the, um, w I mean, look at the response, look how beautiful that is.

I mean, seriously, it hits that level perfectly right in there.

Boom hits the high at 1 30, 2 32.

That's the exact opening price, as we define it in terms of closing the void.

I mean, that's perfect.

I mean seriously.

I mean, if you don't, if you're not amazed by that, to me, I think

it's so fascinating to see how consistently price is delivered.

Like this.

It's not random.

It goes right to these levels for a specific reason, then they retraces,

it comes back down and it runs one more time through the Hine.

So here's your three.

Three one would be offered right here.

Now we've obviously talked about this order block.

Why it wouldn't be a good one.

We would expect to stop to be ran and reach down into the water block.

And then luckily it does, it hits that level again.

One more time.

It hits that level.

Now my question to you is this, does this look like a market

that wants a top like that

we have about an hour left of the daily range.

Does this look like a, a market that wants to top.

At least in the price structure that's offering right now.

And does this look like the way the dollar would be topping?

Right.

So I'm going to leave the rest of the day and I'll come back to you by way

of Twitter on charts, around noon.

And, uh, we'll recap through charts only.

Okay.

And I'll have a daily recap video at three o'clock and posted by three

30, or it may be a recorded session.

I may not be able to do it live today.

Cause my wife's, uh, my wife's giving me any, uh, an agenda today.

I got to take care of it.

I have to run some errands for her and help her with the kids stuff.

So I, it may be a prerecorded session.

Um, I'll have it done by two o'clock and online by three, no later than three 30.

Okay.

Um, yes, you're going to have a London sessions, but they begin in New York.

I'm sorry, in, in, uh, November.

Okay.

So that's it for today, guys?

Um, hopefully you found this insightful.

I will give you the recording when it's done and I will get back to

you later on as well, around three.

Take care.

Good luck and good trading.