Original subtitles

Okay folks.

Good morning.

Welcome to the first live session of November 3rd month of our mentorship.

All right.

We got the dollar index and we still have a little bit of a void in here.

Now.

Obviously we have FMC today.

So take a look at your economic calendar.

You'll see that later on in New York session.

Okay.

And we may end up closing this range, filling in this void as

a result of the FOMC release at two o'clock in New York time.

That's 2:00 PM New York time, but we have news coming out and about 42

minutes or so for the British pound.

Okay.

So we have.

Okay right.

About these highs in here?

No, we have already started to see a little bit of a push higher

on the day, but that would be expected because of the weakness

that's been seen on the dollar.

Okay.

So we've already had a menstrual run here.

We've already seen price.

Come off of this down candle with this move right here.

Are you gonna hear me assume it for you?

Okay.

So we have this large down candle compared to this one here.

This one is inside of this candle.

So it's really, this is the parent bull shorter block prices dip

down into mean threshold here.

I'll borrow this line just for a second to show you something.

Notice that wick here, the wick here touching the same

level, then hit it again here.

So we've already expanded a little bit in here.

So this is

yeah.

Noting the opening price when New York

set price dip down below the opening price here.

So now when I'm watching core, so you can get a feel for what I'm expecting.

We have, we have FLMC later on in New York.

So my thought process is going into today.

We've already initially seen an initial run and it's fine.

It's okay.

I'm looking at that.

Buying in here.

I want to see price, hopefully drop down into this.

Range right here.

Okay, great.

Now I want to be reminded that this is there as a new trader.

You want to do this, but now the focus is primarily on this level here.

And what I want to see is I want to see price between now and five 30.

Um, preferably if it can stay in this little bit of a range here and not naked.

Well the day, I want to see it stay in this range here and then

at five 30 at the numbers, really.

So I want to see it drop down and hit that level.

I'm allowing it to trade down into this level here to be, to be ideal.

You don't want to see it because already opened on this candle here

traded down to that portion of this down candles already been traded into.

So the only level of sensitivity we're looking for is this candle

here is high 1 22 53 here because we have two consecutive down candles.

So we're looking at a range of a sensitivity here.

Great in here.

So ideally we want to see price dropped down into this.

This would be new buying.

If we can drop down on that news release and the expectation would be.

To see that and then expand up and then reach for the liquidity

in here on a daily chart.

And that's why you see that level 2330 on my intraday chart over here either.

I think that's where the that's where the liquidity is resting right now.

Yeah.

Even if it doesn't get all the way up there, if we get a move from say an entry

of a one to one 20 to 60 to one 20 to 55 in there, if we get a run above the high.

At 22, 85, that's 30 pips.

So that will allow us to bank something and then it it'll be a sweep.

One more time on the highs.

And again, we don't want to see it run from here.

If it runs then just falls off in terms of probabilities.

And the reason why is because of the FMC release later on traders

are going to be wanting to sit on the sidelines going into that.

So between now and New York opening, that's that small

little window of opportunity.

It's usually there for FMC days.

Sometimes it doesn't happen at all, but usually between now and when New

York opens you get that a little bit of a small window where the range

of post for the intraday action.

And then all of a sudden the noise will come out relative to F1.

So in summary again, initially right now, I'm looking for the market to

consolidate in here, not to break down if it does, we moved to the

sidelines, we don't do anything.

Okay.

So if we lose the middle of this down candle here, we moved

to the sidelines and wait.

That means we may not, we may not get a trade.

Folks have discovered my phone number.

Okay.

So the, the upside objective is obviously is a 1 23 30.

And it's the stops relative to the daily charter here.

Now it doesn't mean that if we see run up to that line, That it's over.

It doesn't mean that that's all there's possibly for the daily range.

It could sweep above this high, relative to the daily chart and

then consolidate around there between 2330 to 2320 in that area.

And then it'll hang around there potentially, and then expand up

into when FMC numbers come out.

Two o'clock in the afternoon, New York time, we could see the 23, 80 to 24

big figure as upsides for pound dollar.

Okay.

So right now we're just focusing primarily on it wanting hopefully

to stay right in here, not wanting to run because divide in here.

It's a little too, too rich.

Okay.

It's too much at a premium, at least on a daily range because it's at the

high of the daily range right now.

We want him to see it, come back down a little bit, go into equilibrium or

discount, which is what this will be here.

And it's very, very hard as a new trader, especially in London,

because you're expecting the daily range to be forming a tire low.

And you are, you want to get into it.

You want to rush to get in it.

Don't do that.

Just relax.

Because the wonderful thing about London is when there's not epilepsy, it gives

you an opportunity to miss the boat on London, 10, you gain insight that you

can use going into New York, and you can always potentially salvage something

of the daily range because of that.

See, that's why you have to be really selective about London.

So while this is cooking, okay, we're going to take a look at, um,

the Euro just for completeness.

Okay.

And almost at the low, this can, that we talked about as objectives, uh, 1 11 0 5.

So we had a one 11 big figure to 1 11 45 to one 11 may figure stuff in here.

So we saw continuation.

They still might dip into that a little bit more because there's nothing in

here indicated that should be a barrier.

It's too thin.

It's all the WIC.

So it's been a real nice move off of

the Euro dollar and take a quick look at Europe pound.

And I still think that we're going to make a run at least to try to

get up there and close in this, but be mindful because we're just now

breaching of the bodies of the candles.

Not the wicks and cause the bodies now we're just not getting above that.

So you got to be careful because when we start talking about institutional

order flow and market structure in relationship to that, that's

what you'd only expect to see.

But because of this big run in here, I think they're going to want to

try to re revisit this, this rain.

Cause it wasn't much in terms of liquidity offered up there above

the 90 twos for Euro pounds.

So, um,

given that, I think we'll see a little bit more on the upside for your dollar,

which anyway, limits the, uh, the cable, but we're not really expecting a whole

lot from cable initially right in here.

So,

so far it's behaving.

Like we want, we want to see it stay in this little consolidation and again,

at the numbers release at five 30.

We want to see a drop down into that level there, and then we're

gonna be looking for a loan

dollar CAD.

Okay.

So we've seen that 1 34 0 5 level swept again, and we saw give up the ghost in

here and then I'll talk more about, uh, dollar CAD later on in the day as a recap,

but I just want to visit it real quick.

We've seen that 33 fit.

What is that?

Yeah, 33, 52 than it was

33 53.

Um, there stops resting below that.

More.

So today than there was before, uh, we have had 1, 2, 3 times

the debt levels been touched.

Obviously there's sell stocks below that.

Uh, the market's been going higher.

They swept this level here on 34 0 5.

They've held it in consolidation at the same time.

Just the dollar itself has been really, really weak.

So at some point the U S cat's going to have to snap and get with the program.

And it means come down here and clear out these stops in a more convincing fashion.

And we identified these levels in here as potential downside objectives for dollar

K and I'll leave yet to you to go back and watch the recordings made about that.

I think that's where we're going to see price reach down in there.

We may see that as a result of.

Justify 30 numbers alone, uh, could, uh, could cause the

static that would be necessary.

Um, you can see, we only really just worked that 1 34 0 5 level.

And again, I mean, maximize this, you can see why that was even mentioned.

Cease, equal highs up in here.

It's all I was looking for here and against the daily chart.

So that's where the liquidity would be.

And I'm not calling a top on the same that that's where mark was going to reach her.

And we've since seen it, revisit that, that level a couple of different times

with no meaningful movement higher.

So far it's behaving still.

That's good.

Now, some of you, some of you may be looking at this and saying,

okay, the market is moved up after midnight in New York time.

And what about this void over here, Michael?

Isn't this is something that's significant.

Should we be concerned about this?

Yes.

You take a note of it.

Okay.

Obviously know there's a range in here.

This is our gap.

Yeah.

The range on this up candle, we've had it traded to twice in here with

this first run up here, then it came off the high, then the next

candle, which created a big run.

It ran through this whole area right in here.

So this whole area in range has been traded to twice.

Even though we have a wickier it's been offered twice

through the market comes down.

This portion of the up candle has been traded to twice with this, with down here.

So this is the exposed area or where there's a gap.

I do see it.

I'm aware of it.

Okay.

But my thought processes, and I really don't want to seem to run here.

It runs it's going to be a wash for the morning.

And I would really, really like for this thing to give us an opportunity to trade.

Then everybody wanted to want to see London, but we've seen this, this

run-up the markets, uh, may reign in a consolidation, but inside the

consolidation, like we've seen the stops below this low and below this

low, they have been swept right here.

Okay.

So the market moved up.

Okay.

And then we had, short-term low in here.

Violated rate here.

We've run.

We've broken market structure up here.

It should have white out right here already.

It should have just washed out, went lower, even with the

news coming out less than, uh,

well, 23 minutes.

So I liked the fact that we've poked through yesterday.

With no convincing selling, we've shown a willingness to support

this down candle for buying.

We went below the opening here, the algo showed a willingness

to want to run higher.

It did.

Then we recapitalized this down candle.

So they, they allowed some new buying in here and now they're doing

exactly what we would hope to see holding in a range it's pausing.

Okay.

So we have a bit of upside objective still, and that may be all that's

necessary for it to run up there and hit that 2330 level 2335.

It could expand, it could expand rather 2350 and then it could tell us on a

little bit, uh, of, of, uh, selling back down into 2280 because of FMC.

And that's why it's gotta be real quick.

It's gotta be nimble.

And we have to wait for the tray down into this range in here.

Okay.

So as soon as it hits that level here, you'll see me execute along and I'll

put a stop loss, um, about 30 pips.

And we'll see if we can get, uh, 20 to 30 out of it.

But if it runs in here ahead of the news, we got to wait.

It's far less likely or probable for to say it runs here and goes higher.

And then it comes back down into that.

I don't like that so much.

I like to see a drop down in, on the news.

And then after that, see the, the market expand again.

We w when we look at the economic calendar, we're not trying

to pick the fundamental data.

Okay.

What we're trying to do is anticipate where the algorithm will.

Liquidity.

And there's going to be willing buyers down in here.

Yeah.

That will allow those orders to trip and then expand up to go to

the most logical area, which will be the daily highs over here.

There's going to be buy stops to my would we want that is

because the market's showing an interest in wanting to go higher.

So we know today's a long book right now that book can profit by selling its

longs to willing buy stops above 2330.

So we know there's, there's liquidity up here.

Uh, there there's small number of liquidity in terms of buyers

in a previous high yesterday.

We saw that, but notice how they are keeping price real tight after

that, because while they scaled something off here, they're really

looking to book their profits about 2330 and maybe even high as 24.

So that's what we're, that's what we're waiting to see unfold for today.

Well, we're going to be doing a lot more of pre-market analysis and kind

of like set it up and framework what you just saw me outline and why I

was talking about what I was talking about and why this is important

and why the 2330 levels important.

Um, that's actually going to be sent to you by way of charts.

Uh, I'm not going to be doing videos at 1230 or one o'clock in the morning,

my time, because it's a lot of video work and you'll be expected to see.

That video recording.

And I don't want to be doing the recordings and editing

during that time of day.

So it'll all be done through charts and that way you'll have the framework with

all the notations and such that will give you the idea of what I'm expecting.

And then when the live session is due to just set up the signal for us to be

watching and studying the price action for a learning experience or drill, the

live session will begin right before that, like today was a little bit early.

Um, usually like for instance, for a five 30 event, um, it'll usually be around like

right now we would start the live session.

Give me about 15, 20 minutes before the actual setup.

Cause you already had the framework of what I'm expecting relative to

the charts and analysis I share on around 1230, my time in New York.

Dominate, um, in, uh, north America, specifically in the state of Maryland.

So I'm on east coast time or basically the same time New York time is,

did I ever trade London on a nine to five job?

Um, I actually traded the S and P pre after midnight, New York time.

And I would usually trade it up.

So two o'clock in the morning and then I'd have something I'd hold on to.

But that was back when that was trading global X.

But only the folks that did not send me their satisfaction for the

delivery of the content for October.

Yeah.

October.

Um, they're the ones that have not received the November information in

their username and password, because I told you that's what has to happen?

I did video work.

I did post on our forum and I did tweets.

So I'm not sure why everyone's ignoring that.

But, uh, I had a couple of people say they've been ill and they've not

watched any of the videos since August.

So they can't give me a, uh, uh, a satisfaction survey.

And I find it a little hard to believe.

I'm sorry, but you've not been here that long enough.

Nothing.

Okay.

So either tell me, you've got what you supposed to got or yeah.

It's time for you to go.

I saw a couple of them come in.

Yeah, I really, I mean, I'm not saying that somebody has not been sick or

something or had an issue in their family, but since August 21st to say,

you've not watched anything, but yet you still keep making the monthly payments.

And then when I asked for proof that you got what you were supposed to

get, you don't want to supply it.

It looks a little flesh at those, a little fishy because you know, once you give

that to me, your chargebacks impossible.

So that you won't be getting your November, uh, username until you do that.

No, I'm not going to be making a new Twitter every month.

I did that because it's a couple of people change their Twitter accounts

and move things around because they were asking questions or sending

stuff with their followers, watching, and folks are still doing that.

They're sending tweets with pictures or, or things that we're supposed to

be keeping in the mentorship, private,

and I've reached out to some of them and they asked them to the change.

Or dumped their, uh, their followers.

And most people don't want to do that because it's too hard to get

Twitter followers unless you buy them.

All right.

Let's focus folks.

It's, it's just very easy for me to be distracted and the whole thing on volt.

And if I miss it, it'd be a little bit embarrassing.

Cause we're chattering.

Okay.

So it looks like we might drop down in there again.

I'd really, really like to see it.

Stay here, not do it yet.

I'm on a 30 minute chart.

Um, um, answering a question I saw before I closed the little window,

everyone's commenting in the.

And just as a point of reference, a lot of folks have been asking,

where am I supposed to ask questions at when we're doing live sessions?

And I'm not really trying to encourage that because chances are about 98%

of you won't have your question answered is I'm focusing more on these

candles than I am your questions.

If I focus on every question could possibly come across

during a live session, I would never be able to see price.

And basically you'll be coming into care.

I'll be looking at you instead of following price,

which is the benefit.

And that's why some folks are in their survey.

And I appreciate your honesty, but you're saying you don't like the, uh, the market

reviews because you learn more from watching live trades and I get that, but

you really asking to get live trades for the money because it reviews the same day.

But I like the 30 minute chart because it's given me very clear references

to where the market moved away from the opening price, where that

were Bach begins, and potentially this one here starting a little

bit earlier at that 2253 level.

If we go down into a 15,

we had this one here, but the main threshold is still this lower one

here, which is what I want to see.

I want to see it get down in there and hit that.

I want that one.

It may only give me this level here, 2253, and never even dropped below

that, or I could be completely wrong.

And it's this runs right on through, on the news.

But given it's FMC day, I think.

Drop it down.

Use the news to masquerade that want you to draw and then maybe see it run to 2330.

That's my expectation.

Now again, if we lose, we lose the middle of that order block that

we had on the 30 minute chart, which I'm going to go back out to.

Cause I don't want to watch the 15 minutes here because I

think it's a little too noisy.

And by that, I mean, it's too busy, too much, too many whips on the up and down.

And I want to watch it though right into this level here.

Again, this is to the numbers.

That's guarantee.

Come out.

The construction PMI.

So that's the number or waiting for it to get some kind of a knee-jerk

reaction and price tie impact.

So that's why we're focusing on this specific time of the day

for this particular currency.

And we don't see anything else until against the dollar until quarter

after eight in New York time.

Okay.

So we're about there.

Let's get ready.

I got seven minutes left until the numbers here.

I like how it's staying above the area.

I want to see it go into be poor.

Or actually after, soon as the numbers release, I want to see a

drop down in between these two lines.

And I want to see the price hit this level right there at the time the

numbers release when it does that, I'm going to wait maybe five, 10 seconds.

If I can wait that long, I want to see if it drops down into this candle here.

If it reaches into this candle, Swick here.

I might wait a little bit longer.

Okay.

I want to see after five, 10 seconds after the numbers hit, once it hits this

level here, does it want to go below it?

Because if it does, I'll wait, I'll wait a little bit longer

before I take the, uh, the entry,

but I want to see it stay up above and go down into it.

As a result of the numbers release.

That's what I want.

Then I'll take the long,

because the closer I can get to entering to this candle's high, the

closure I'll be in terms of where to start, needs to be around one

20 to 25, or I'm sorry, a 1 22 15.

We're going to have a 30 PIP stop on this.

Actually I have to said that wrong.

Just call it myself.

We're going to have a, we'll have a 30 PIP stop, which will be at 1

22 25, which will be below here.

We're trying to get along around 1 22 55.

That's probably where we're going to average it.

Maybe we can get this level hit here.

I apologize if you hear my stomach round, cause I have not eaten

breakfast and it's telling me, Hey man, you've been up for about 45 minutes.

You ain't done nothing yet.

Eat

four minutes.

The top one that we're looking for here.

I want to see dollar state below 97, 65.

Yeah.

Two minutes numbers or release so far, it's behaving nicely

to the ideas.

When the numbers hit in about a minute and a half, we want to see a drop down into

2248, preferably.

Um, if it does that, I'll assume a long position.

Yeah.

And then I can take off half of it at 2285, hopefully given about 30 pips.

And then I'll leave the remaining portion on to see if I can get 22.

I'm sorry, 2330.

That's it.

That's the plan.

And I'll tell you that if it gets to 20 to 30 on second portion, I will take all that

off there and then go flat for the rest of the day, watching FMC from the sidelines.

If it gives me an entry and I take along and it takes my star, I'm not

interested in doing anything else today.

I will move to the sidelines in.

Yes, I'm comfortable with taking a loss going into the close that's

the case because of again, FMC.

Okay.

And we're almost there.

Less than one minute.

It's about time.

It shouldn't be, it should drop down in there.

High impact news, buddy.

This is it.

High impact

impact on your patients.

That's what it is.

Well, that's pretty lackluster on

the Queens, in the room with us today.

He's doing

would be very disenchanting to see it go from here and not give me the levels.

But that's life.

That's how trading sometimes happens in the natural impulses as well.

It could be wanting right now.

Why don't you just buy it right now?

Because it doesn't make sense for me to buy it here.

When my plan says it's got to go down here first, remember these

things repeat if it doesn't give you the, the price you're looking for.

Wait for the one that does

no, I haven't looked at the questions tab, but I'm quite sure some of you,

at least one of you somewhere is thinking, why am I thinking by today?

The daily has a down candle here.

We broke through that candle here.

So that gives us.

Justification and believe they was buying down here and we could

expand that was an impulse price swing, and just run up above here.

And that's all that's necessary to be profitable because it

gives us a tradable range.

Now, the fact that we've waited this long, if it drops down in here now,

while it still could go up to those levels, we just outlined, I get far

less excited about it because we're basically going into lunchtime, London.

So it's a little bit of a, um, a lackluster event.

Now as an exercise, as a side note or side study, you can, you can

look at doing this right now, from where it's at and say, okay, I'm

going to look at this Martin San.

I'm going to go along from where we are right now.

I'm not buying it.

Notice I'm not clicking on anything, but I'm saying for your notes, just

for the sake of experience only.

So, okay.

Say you were willing to take a long for one standard lot at that

1 22 55 level or 1 22 50 level.

Okay.

If you were willing to do that by buying it at this premium right

now, you could buy it as a study with a half of one standard lot.

That way it would permit you the same reasonable amount of rent.

Because you're using half the position, but you're buying it at an inflated price.

You're buying it above or premium to where you would want to buy it.

And your stock would still be at a 20 to 25.

And in that way you have at least a portion on in case it was the run.

Okay.

I'm not going to do that today, but I'm going to tell you to do that here.

As, as a study, you guys will be doing a lot of that in the mentorship

where we'll have levels where we really want to be a buyer, but we

can take small portions and scaling.

And that's really what this is.

We're scaling into the position and that's one that's wonderful when you

don't get the actual level, you're really aiming for, to get a full entry.

Uh, you can actually scale in a small portion of what you would

hope to have on as a full position.

In other words, if you're trying to buy, say you wanted to buy 10 standards down

here, Well, if it's pausing here and it's giving an indication that it may

not go down into that level, you can cut that position you wanted to have

in half, or even do one quarter of it at the premium and use the same stop.

And you're going to be risking far less than you would have with

a full position on down here.

And you get a chance to get a free look at that market,

potentially moving in your favor.

Um, and it's not free in case.

You're wondering what I mean by free.

No, you're just getting a, uh, an opportunity to, to be in on the move.

Should it take place now?

I don't want to foster the idea that you're, you're having to take a trade

because you're afraid of missing the move, but there's going to be times

where as you're watching price, it just shows a real strong indication

that it's not going to give you the, the initial level you're looking for.

And today may end up being one of those scenarios because of FMC,

because they know they have a small little window between them.

An 8, 15, 8 30, uh, the closed that, that opportunity for the day,

because everyone's going to be on the sidelines, waiting for the FMC,

which is hours away, long time away.

But in the financial markets, it's, it's important to understand

that's what they end up doing.

They moved to the sidelines after New York, P 30 news embargo lifts.

And usually it's the, of real choppy lackluster day until FMC comes out.

I think that's what we're going to see today.

We're going to probably.

Cable not give me my price and it's probably going to run and I'm going

to be upset about that because I, here I am, I have your attention and

it doesn't give me the price I want.

Um, there's two things I saw you guys put up in the questions box in the live

session for those that are here, lie.

Uh, one of them was do I think that this lackluster price action has

anything to do with the elections year, but still the Euro's really moving.

Um, so it's not entirely that the trade I think is in Euro pound, which is

the reason why you're seeing all this choppiness and the other one was, is

why don't I see that as a turtle soup, sell, breaking above this previous high.

I mentioned that earlier in the presentation.

So if you just go here, go back and watch the recording.

You'll see me talk about why I believe we're going to see it go up

versus this being a high the day.

It was all during the time of talking about this liquidity void.

And it's all based on the fact that we're looking at a daily chart,

I'm really trading the daily chart.

I'm not trading a 30 minute pounds.

I hour, I see the levels on here, but I'm really trading the daily chart.

I'm looking for the stops above 2330.

That's where the liquidity is going to draw a price.

So I'm looking up here, not because it's on a 30 minute chart, but because

I see it over here on the daily,

now I can tell you, I know what it feels like to watch that.

And you want to be a buyer down here and it's showing you probably,

it's not going to give it to us.

It's going to run you without us.

And if it goes to 2330, it would be like, oh man, I would have

rather just give me a position.

Let me stop out.

You know, didn't just run away from me and tease me and I would end up chasing it.

Like I would buy it right now.

You know, when I first got into trading S and P would be unwilling to go lower.

And so I adopted, I had to see a down candle, which means the market had to

trade lower before it could be a buyer.

Now that's why the order block idea came real easy when I understood how

institutional order flow and how the banks price and how they work in their orders.

Because I already required that in my bond and my S and P trading to be a buyer.

The market had to create a down candle and why understand the downside.

Is he able to block later on when it's retreated into, I

was trading in the down candle.

So I was already doing what smart money was doing, but it didn't have the

understanding of why I was doing it.

That's required it to be a down move or a minor retracement.

And then it would be a buyer, but I would, uh, I would feel real antsy

and feel the impulse to be a buyer before I understood what I was doing.

And as the candle that we're in right now, it could be larger than this

and it can actually engulf this down candle and that'd be a buyer there.

And those invariably with the worst trade I'd ever take, because I gave into my

emotions and fear of missing the move.

Instead of focusing on the risk buying here, my staff has wider between there

and 20 to 25 bit drops down here.

It's far less in terms of brand.

And it meets the criteria that I want to be a buyer at.

If it runs from here, if I just chalk it up, as I was wrong about

expecting this price level will be hit, I'll take the next trade.

And that's the benefit of knowing what we saw in September, every

single day, there was something, and we're not trying to force a trade.

We're trying to take a trade.

That makes sense.

The risk is defined and the parameters on the payout is good.

Yeah, that's a good question.

If it drops down into this level here during the New York open, would I buy it?

Um, maybe, but I would be far less willing to buy as many.

Like now I'm looking to do one standard lot here of a boot.

I would do half of a sustainable.

And I just would not be so anxious about seeing the expand up there, because

again, FMC, anything can happen with FMC?

No, it's not going to go on to New York.

We're going to be closing here in about a little less than 10 minutes.

Yeah.

We're not going to be in here every day from London to modern clothes.

So there's no way

I will burn out quick.

I think if we had to do it like that.

Oh yeah.

I would be definitely burnt out.

I couldn't do 12 ones then.

Yeah.

Can you imagine if we started watching the market from midnight, New York to 3:00 PM,

New York, that's the iron man mentorship.

No I'm muting.

Well, that, that's what I was saying for a study.

You can see this down candle and we're in it.

So you can take a paper trade.

I'm not advising you to take a live trade, but do a paper trade in here with half

the position you would have taken here.

If it would have traded down, gave us our price.

Do you have that position here because it's close proximity entry, but I

don't want to get into that because then you'll be asking more questions

when I'm going to be teaching it later on graduated small steps folks.

All right, folks, we're going to leave this for you to watch.

If we keep this level in tact for.

Seven 30 to eight 30 in the morning.

Uh, if we dropped down in there, um, I may come back on through

Twitter and announce, uh, my activity here, uh, before study, uh, do it.

We're talking about a couple minutes ago, take whatever position size

you would have done here divided in half, or use a quarter of that

position and use this area as a study.

If you were to buy here using the same parameters, looking

for 2330, stop at 2225.

Okay.

That's how we're going to leave it for today.

And I'll come back later on this afternoon with a recap, but

you'll, I'll be following along the markets and tweeting charts.

I don't want to take the trade here because this is linked to my FX book.

And I really wanted my FX book to show really high, really high odds trades.

And because it's the FLMC day, that's not a real high odds day.

So that's why I'm not taking action.

I would've taken it here, but it's not giving it to me.

So I'm not going to, I'm not going to buy it at a premium, even though

I know it's likely going to run.

If I have a small piece on, that'll give you a, uh, you know, give you

something for being here today.

But, uh, for the, my FX book that I'm running for the, for the mentorship,

this doesn't cut the mustard for that.

I want a really easy set up that has a lot of room in the rest

of the daily range to unfold.

And because we have the later in the afternoon, it really

shortens the daily range.

That's really not here.

Okay.

I know that there's this big volatility injection it's waiting

to happen over here in time.

And because of that, this has been real lethargic.

So while it still could go up here and hit that level and be wonderful.

Yay.

I was right.

Uh, for the, my effects book trades.

I need it to be down here.

Otherwise I'll just talk to market where it's going to go and all that

business, and you can still get some kind of a feedback loop from it.

Do some exercises or read between the lines, but I'm

going to close this one here.

Um, little, little less active than I was hoping for today, but it was

a late Mon and open, uh, impact driver for a news on the heels of.

It being a FLMC day all together too.

So it's a little, so much stacked against it for, uh, for probability sake, but

nonetheless, watch the reaction here.

So if he did put a position on here would have that position that

you would have done here long.

Don't let the market go below.

This candle is low.

Okay.

At this point, now you want to monitor price action here.

So you want to use this area where we would be buying initially the first time.

That would be like the, the barrier at which you want to

have your stop below that.

So your stop would be right around here.

If you're doing the half, the position that you would've done

here, that's where your stop would think, because it's going to go.

It ain't going to come down here now.

It's just going to go.

And if it stays in consolidation, going into a seven o'clock, then it's

probably a good idea to move to the sidelines and just, just watch it.

And that means if there's a loss, you take it.

If it's small profit, you take it.

You just move to the sidelines because you don't want to be going in the market

ahead of FMC, especially when it's just too many things going on right

now for the market to be symmetrical.

So I'm going to close it here.

I'll recap again today, like I said, a three o'clock to three

15, I'll have the video up so I can meet my three 30 deadline for

content being posted for the UC.

And I'll talk with you all then until then.

Good luck.

Good trading.