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Good afternoon folks.
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This is ICT with a market review.
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This is October 11th, 2016.
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Okay.
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We were watching the dollar index today.
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We had some, the, uh, advancement on
dollar and supporting long in dollar CAD.
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Uh, we were in this old high back here
and the range did expand out through that.
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Almost gave us 20 pips above.
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It just fell short of it just by two pips.
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Seeing it clear out that daily high.
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So once again, we got that
liquidity pool drawing from a daily.
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That same level has been
transported transposed rather
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over to the 30 minute chart.
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And the reason why I'm using a 30
minute chart, because I want to share
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the definition of this particular
level in here, we had progress.
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Have a consolidation.
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It rallies away comes back down.
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It's that same order block right in here.
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Right in here.
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It gives us.
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Confirmation that wants to go higher
rallies through clear as the old
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high, this down candle right here gets
recapitalized on this candle as well.
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And the range expands through
and we've since, uh, this
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came, that comes in at 1700.
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So 1730 gives us, uh, about 1800 is
the last portion of the daily range.
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That's what I teach in my curriculum.
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And we were just 15 minutes shy
of that, uh, actual hour before
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the actual daily high formed.
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Uh, as long as we're looking for bullish
dollar, that obviously it makes it easy to
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trade big dollar cat, a dollar yesterday.
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I'm sorry, dollar cat yesterday
came down and hit able shorter block
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relative to the daily chart here.
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I'll show you what that looks like.
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Uh, price trades down into
bullshitter block yesterday.
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And that price just hit right here.
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Yesterday.
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Was this blow right here?
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1 30, 1 35, the 1 30,
1 40 in that area here.
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And that's what we're seeing here.
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The opening on this
candle comes in at 31 36.
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Dillow comes in.
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At 31 40.
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So we're inside that the fair value gap
with the high down into the opening.
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So it hits that rather handsomely.
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And today we saw a price and we went
over one of the members, no, from me.
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Um, and we went through all of the order
blocks here and the propulsion candles.
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And I gave you an example of it.
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Yeah.
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Recapitalized order blog before the
fact, and we highlighted this one
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here, uh, the, the stops, we looked
for that to be a run-on stop today.
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Uh, price did in fact, suite below that
at stop at 1 30, 180 2 20 pips risk.
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And.
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Forty-five pips 47 pips or I'm sorry.
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Yeah.
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45 pips, a profit objective
up here getting long 32 0 2
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and exiting at 32 47 for a 45.
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Objective for today.
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Um, price did expand a little bit further.
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Uh, this candle comes in again at
1745, just 15 minutes short of the
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1800 hour that we used for delineation.
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On the last portion of the day,
we look for the high, the forum
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on extended, uh, daily ranges to
form in between 1800, 1900 GMT.
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So now not a bad little,
uh, exercise today.
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Uh, also, uh, cable, we highlighted the.
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Uh, liquidity pool here and, uh,
retail traffic right in here.
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I gave you this on Twitter.
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They an equal highs back here.
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Now, why did it run out through here?
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Why didn't it just go back
here to classical support?
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Broken should be resistance
is because it doesn't work.
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Okay.
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So, uh, what was up here?
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That's where the actual orders are.
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There's no orders down here.
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There's not enough movement back
there as a real orders were being
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trailed above these equal highs.
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Also, if I got to an hourly chart,
you're going to see why this
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level actually really did it.
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Uh, become more influential if we got to
it hourly, you'll see that these equal
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lows down here, we came up right inside.
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Okay.
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That right there.
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So we swept into that also.
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So we went back into these ranges
here, cleared some stops, and we go
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back into the 15 minute timeframe.
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Now it'll be a lot more clear
as to what they were doing.
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Smart money wise.
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They ran up into that institutional
order flow and we have these equal
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highs as well that were cleaned out.
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And then ultimately we ran out our stuff
we identified in the market did come up.
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Recapitalize that same level.
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Look at the bodies of the
candles is draw that out in here.
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It came right up into that level,
broke down king right back up right
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to the bottom of this up candle.
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The low comes in at 1 22, 28.
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And the high on this
candle comes in at 1 22 29.
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So we got one more PIP
above than we needed.
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And price rolled over and we are
closing near the lows of the day.
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Um, but we're here on a daily chart.
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I suspect we're probably gonna make a run
for the lows down here during Asia going
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into, frankly, if it does it, it could
be another additional wave of selling.
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Uh, if we get, if we get back above
the opening on this candle, right.
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1 23 90.
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We'll probably do a little
bit of a retracement.
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How far up?
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I don't know, but that's all I got for
today and we'll be back again tomorrow
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with some more insights and I'll
give it to you probably around seven
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o'clock in the morning, New York time.
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Uh, rather brief, uh, commentary,
nothing over the shoulder though.
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Uh, in live session though, and I'll
do a late, uh, New York session recap
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live around, uh, 2:30 PM, New York time.
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So with that guys, I wish
you good luck and good.
8909
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