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Definitely folks.
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This is ICT with a market
review for November 1st, 2016.
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We're looking at the dollar index is
the daily chart on the left hand side,
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beginning of the week, we were talking
about these bullish order blocking
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here at potentially main threshold.
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We were watching that 98 65 level and
up to 98, 70 level and mean threshold
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going up into a middle of the up candle.
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We were looking for the most likely down.
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Closing in little bit of this range.
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If we didn't get above this 98 65
with any measurable significance price
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to come back and closing it's range.
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Now we've gone below the mean
threshold of this down candle here.
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So we're going to be most likely
coming in and closing in this Boyd.
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I've not identified the 96 88,
which is basically 96, 92, 97.
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Big figure in that area.
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As a downside objective.
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Now we get follow through through that.
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Then we'll have to worry about the
middle of this down candle here.
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So that would be the next bullet
shorter block on the downside.
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So as it relates to intraday price
action, we've had a really nice down move.
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All one sided, all one, one direction,
and that gives us freedom to anticipate
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upside movement in foreign currencies.
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Uh, you can see these a Euro.
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We were looking for, if we got
through the middle of this.
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Bear shorter block, which
is what we did today.
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We'd be looking for 1 11 45,
which is this level of here and
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the low coming in at 1 1105.
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So we've got one 11 big
figure to one 11 mid figure.
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Okay.
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Upside objectives that we have a
little bit of a range still, um,
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about a hundred pips or so, and
again, just like we saw the dollar on
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one side, it flows on the downside.
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Uh, Euro dollar has been seeing.
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A very strong price rally
could be still seeing a little
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bit more upside as a result.
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Uh, the daily chart for the British pound.
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Uh, when we do have a little
bit of liquidity resting above
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these old highs back here.
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We're gonna take a look at the
intraday price action here.
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Now you look at what's been going on.
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We saw Euro dollar moving up all
one-sided flows in a sympathy
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move of the weak dollar index.
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Now, if we're seeing consolidation on
British panel over here, obviously,
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you know, the trade is going
to be in what the pound dollar.
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I'm sorry.
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You're a pound, right?
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It's going to be a bullish move here.
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And we see obviously really nice move
after manipulation seen from previous
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days, low in here, delineate that
we're hearing, see price does come down
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here, sweep out the low and rallies up.
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Now I've talked about this before that.
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I think we're going to probably
clear out that 92 75 level, maybe
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make a run into 93 big figures and
maybe even going higher than that.
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I don't sus I don't trust them.
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Area up here with these wicks.
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I think they're gonna want
to press through that.
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Um, but we'll have to see what, uh,
what gives but long and short is.
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I do suspect that we're probably going
to see a little bit more movement
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on the pound, on the upside and
the dollar because of its weakness.
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Uh, we did see the dollar
CAD come down into that 1 33.
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Um, sure.
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What this level is, what
I'm going to pop up here.
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Uh, 1 33 53.
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And there's still a lot
of stops below that.
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Uh, we do have some news
coming out tomorrow.
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Let's take a quick look
over there tomorrow.
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We have crude oil inventories
again around 10:30 AM.
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And we have, uh, 10 I'm sorry, 8:15 AM.
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ADP non-farm payroll.
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Um, you're gonna see that,
uh, that number come out.
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We're going to be up tomorrow.
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Uh, London session looking
at defy 30 release for GB P.
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So that's gonna be the next live session.
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So I'm going to tweet you all a link.
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Via the ICT mentorship.
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Everyone should be able to see that link.
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Um, that will be a, uh, open
invitation for those that, um, are
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able to follow my old Twitter still.
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And that'd be the last live
session there's individuals can.
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Um, Be a part of if they haven't
made their November payment.
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So that'll be our final goodbye for those
that didn't continue that mentorship.
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And at this point, I don't recall if
anybody made up their payment, that
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they would have canceled earlier or not.
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But long short is, uh, I'm going
to send you the link for the live
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session for the London session.
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That's going to be for this, this
news release here at 5:30 AM.
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So we're going to meet around.
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Quarter to 5:00 AM, New York time.
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Uh, that's the time that the session is
going to open up again, I'll send you the
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link via Twitter so you guys can sign in
and we'll do our first over the shoulder.
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Look at a high-impact news event for GDP.
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Now I'm not expecting a whole.
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Okay, because we do have
FMC later on in the day.
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Uh, but I do suspect they're probably
something that we can monitor and look
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at because they're gonna want to get
that movement in before the long drawn
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out process of waiting through New York
into the 2:00 PM session release of FMC.
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Okay.
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So with that guys, I wish you
good luck and good trading.
8200
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