Original subtitles

Good afternoon folks.

This is ICT with a market review.

This is October 11th, 2016.

Okay.

We were watching the dollar index today.

We had some, the, uh, advancement on dollar and supporting long in dollar CAD.

Uh, we were in this old high back here and the range did expand out through that.

Almost gave us 20 pips above.

It just fell short of it just by two pips.

Seeing it clear out that daily high.

So once again, we got that liquidity pool drawing from a daily.

That same level has been transported transposed rather

over to the 30 minute chart.

And the reason why I'm using a 30 minute chart, because I want to share

the definition of this particular level in here, we had progress.

Have a consolidation.

It rallies away comes back down.

It's that same order block right in here.

Right in here.

It gives us.

Confirmation that wants to go higher rallies through clear as the old

high, this down candle right here gets recapitalized on this candle as well.

And the range expands through and we've since, uh, this

came, that comes in at 1700.

So 1730 gives us, uh, about 1800 is the last portion of the daily range.

That's what I teach in my curriculum.

And we were just 15 minutes shy of that, uh, actual hour before

the actual daily high formed.

Uh, as long as we're looking for bullish dollar, that obviously it makes it easy to

trade big dollar cat, a dollar yesterday.

I'm sorry, dollar cat yesterday came down and hit able shorter block

relative to the daily chart here.

I'll show you what that looks like.

Uh, price trades down into bullshitter block yesterday.

And that price just hit right here.

Yesterday.

Was this blow right here?

1 30, 1 35, the 1 30, 1 40 in that area here.

And that's what we're seeing here.

The opening on this candle comes in at 31 36.

Dillow comes in.

At 31 40.

So we're inside that the fair value gap with the high down into the opening.

So it hits that rather handsomely.

And today we saw a price and we went over one of the members, no, from me.

Um, and we went through all of the order blocks here and the propulsion candles.

And I gave you an example of it.

Yeah.

Recapitalized order blog before the fact, and we highlighted this one

here, uh, the, the stops, we looked for that to be a run-on stop today.

Uh, price did in fact, suite below that at stop at 1 30, 180 2 20 pips risk.

And.

Forty-five pips 47 pips or I'm sorry.

Yeah.

45 pips, a profit objective up here getting long 32 0 2

and exiting at 32 47 for a 45.

Objective for today.

Um, price did expand a little bit further.

Uh, this candle comes in again at 1745, just 15 minutes short of the

1800 hour that we used for delineation.

On the last portion of the day, we look for the high, the forum

on extended, uh, daily ranges to form in between 1800, 1900 GMT.

So now not a bad little, uh, exercise today.

Uh, also, uh, cable, we highlighted the.

Uh, liquidity pool here and, uh, retail traffic right in here.

I gave you this on Twitter.

They an equal highs back here.

Now, why did it run out through here?

Why didn't it just go back here to classical support?

Broken should be resistance is because it doesn't work.

Okay.

So, uh, what was up here?

That's where the actual orders are.

There's no orders down here.

There's not enough movement back there as a real orders were being

trailed above these equal highs.

Also, if I got to an hourly chart, you're going to see why this

level actually really did it.

Uh, become more influential if we got to it hourly, you'll see that these equal

lows down here, we came up right inside.

Okay.

That right there.

So we swept into that also.

So we went back into these ranges here, cleared some stops, and we go

back into the 15 minute timeframe.

Now it'll be a lot more clear as to what they were doing.

Smart money wise.

They ran up into that institutional order flow and we have these equal

highs as well that were cleaned out.

And then ultimately we ran out our stuff we identified in the market did come up.

Recapitalize that same level.

Look at the bodies of the candles is draw that out in here.

It came right up into that level, broke down king right back up right

to the bottom of this up candle.

The low comes in at 1 22, 28.

And the high on this candle comes in at 1 22 29.

So we got one more PIP above than we needed.

And price rolled over and we are closing near the lows of the day.

Um, but we're here on a daily chart.

I suspect we're probably gonna make a run for the lows down here during Asia going

into, frankly, if it does it, it could be another additional wave of selling.

Uh, if we get, if we get back above the opening on this candle, right.

1 23 90.

We'll probably do a little bit of a retracement.

How far up?

I don't know, but that's all I got for today and we'll be back again tomorrow

with some more insights and I'll give it to you probably around seven

o'clock in the morning, New York time.

Uh, rather brief, uh, commentary, nothing over the shoulder though.

Uh, in live session though, and I'll do a late, uh, New York session recap

live around, uh, 2:30 PM, New York time.

So with that guys, I wish you good luck and good.