Original subtitles

Welcome back.

Okay.

Today.

Unemployment claims coming out for the dollar and building permits for CAD.

Then we have a speaker coming in for CAD later on today.

But, uh, when we study in the release and injection of volatility here in about five

minutes relative to the Canadian dollar.

Dollar's reaching up into those equal highs we were talking about.

We've been talking about this for two months now.

So we're going to look for a run into this area here specifically.

what is that?

96 55 and 96 60.

Uh, if we go with any more movement beyond that 96, 80 as

we were discussing yesterday.

All cable.

I'm worried about.

It's just annoying.

I feel sorry for you folks.

Cause you got to keep hearing me clear about.

All right.

So what I'm looking for is, since we're looking for dollar to stretch into 96

55, 9, 6 60, and maybe push into a 9,600.

And looking for the market to want to find some support off this order block here

again, this is a 15 minute timeframe to down candles together is equivalent to 30.

Bullish shoulder block or one down candle for 30 minute timeframe.

Let's see what side of the market they reach for in about two minutes.

Yeah, I'm recording.

Thank you for reminding.

okay.

So yesterday we had this low, we were talking about it came

down, swept that didn't even get down into the actual level.

We looked for, uh, the specific, uh, water block.

They take the stops out we've since come back.

Nice little dip down.

Initially, if you look at the opening price here, we're talking

more about this this month

at or below that is power three.

In other words, a range expansion should be if it's bullish

should be seen on the upside.

And if it's a barest day, it would be seeing range expansion

on the downside below it.

Again, watching that dollar, we should be seeing reaction in here.

Now numbers just hit.

Watch the middle of both these two down candles together.

Again, that would be the equivalent of 30 minute bull shorter block.

Uh, the question is, is if I was long, would I be wanting to collapse a trade?

From this low over here.

Um,

I don't know two clients, which I don't have an opinion where we're at right now.

That's why I'm observing it.

If you weren't long over here, I would like to believe you were taking something

out of the market by now that way, even if it does come down and you've already paid.

Okay.

So we're seeing initially we're seeing weakness on dollar.

And if we go into the dollar index itself,

you're not seeing that in, in that dollar.

That is that.

So if we continue to see dollar hold it's.

Now what's key is, is that we're above this old high over here.

So you gotta be careful

ahead of this news release.

We were so close to this old high.

There really wasn't enough room to frame, a low, low, low resistance liquidity runs.

So simply because there's an economic calendar release with

high-impact news dollar based and it's in a New York session.

The fact that it has high impact, doesn't always equate to anything

because you have to have room from where the market could re reaching for.

Very good cop.

You already are taking this as an exercise on long.

Very good.

No, just say it like, I'll just talk in general terms.

Let's say for instance, we have the economic calendar as it is today

and say that the dollar index was down here at 96, 30 or 9, 6 35.

And we have yet to run through this old high, if that was the case in

the numbers released at eight 30.

Being a high-impact or medium impact news that would give you the context to

say, okay, well the nearby volatility, I'm sorry, nearby liquidity will

probably be ran out above this old high.

Even if it doesn't continue going through it, if it just goes up to that

point, that gives you an indication that the dollar should strengthen.

So any dollar based currency pair that starts to dollar in its name

first, you would be looking for the market to find some bullshit.

But given the fact that we hit these stops above this old high, before the

numbers released it lessens or dampens the initial impact on the trade.

In other words, the magnitude of which the market will move when those numbers

are released at eight 30, or whenever that news room be that we'll release those data

points, uh, it, it lessens its impact.

So you get a less of a, a punch in.

Ideally, and you want to see expansion in here and you know, if it's going to

expand, we've already mapped out earlier in the week, that area above those equal

highs, relative to the daily chart.

So if dollar going to pull up.

Into this area up here above those equal highs.

Remember, we're looking for 96, 55, 96, 55 clears the stops on the daily chart.

Did I lose anybody talking about this dollar 96 55 Wyatt.

All we did was use that shaded area.

We identified on the daily chart to drop down into.

Okay.

On the daily, on the dollar index, we drew our attention

to these equal highs over here.

We've been talking about that for a while and.

Hi on this candle

comes in at 96 53 and the opening is 96, 35.

We're already over the opening, but if we get a run through the.

96 55 would do it be two pips above it to the realm.

Nearest five level.

The problem is, is when you have set like this, or if you're looking

at it as a potential set up,

the market had already moved above and old high.

So once you've done, once you've already hit this urine potential

turtle suit or false breakout.

And if it's already done that ahead of the news release or market re uh, data

point, like the building permits for cat and, uh, unemployment claims for dollar.

Excuse me.

Sorry.

The, uh, this is going to be a rough weekend through this one.

The, uh, the, the, the fact that the price had already moved

above this old height, right?

When the data was released, it already removed its potential.

Like, if it was below that level down here, let's say it was down here

and all this move up hadn't happened yet going into the 30 news release.

If that hadn't happened, liquidity would be resting above here, which

would draw price up on the news.

Okay.

The news would be masking.

The reason to drive up here hit those stops.

The bus stops above that level, and you would expect it to expand up

into potentially that area we've identified on the daily chart.

Now it's still can do it.

That doesn't necessarily mean that just because it's not

moved yet, it won't go up there.

It just means that the high probability conditions are you

identify a previous higher or low.

Okay.

Or, um, if you're inside of a range, which it doesn't really fit this criteria

because we've already taken on a high.

Prior to the numbers release and there is no void over here.

So the next area of liquidity would be a stop run or liquidity

pool resting above this old high.

So when we're using the economic calendar to frame liquidity runs just

because the high-impact or medium impact may be, um, on your calendar,

it has to line up with the technicals.

Now, like I was saying yesterday in relationship to.

Um, low resistance, liquidity runs, but not seeing it supported

because of the calendar.

You have to have both imbalance.

So to have a trade where I'm going to put real money in, it's going to have to

be technically sound where it is showing that I have a very little resistance

to where I think markets going to reach where liquidity technically speaking.

And it has to happen with a calendar that has one.

Medium or one high-impact news event, only for the session.

If I have multiple ones and the technicals lineup, and it's going to be

just the practice session or a drill.

And I still do that, whether I'm just cause I've been doing it for a

long time, I'll still go in there and practice because the conditions aren't

right for me to do it with live funds.

So what are we basically saying?

We're saying that.

To take a live trade.

If you ever get to the point where you're comfortable taking live

trades with your real money and you move out of demo and more months

away from that for most of you.

And in fact, all of you, if you're here to learn what I'm teaching,

you need to stay out of the life funds, at least for the first half

of a mentorship about midway point.

If you're comfortable by then, and you've been trading for a while and you've been

through my free tutorial stuff, you'll probably feel comfortable to do that.

But my advice is if you're new, don't do it at all until you complete the

entire 12 months, because there's so many things we need, we need to learn.

So to have those conditions where you're going to be trading with life funds,

and it has high probability, you want to have the economic calendar, not littered

with multiple high-impact news events.

Okay.

You want to have just one specific one?

So that way the manipulation is only focal to one specific time of day.

So you've already delegated a specific time at which the market should

see manipulation or some volatility running to a particular level

relative to stops or, or fair value.

Then you have to have the technicals in line with that as well.

Is there room for the market to run to the next area, liquidity and still

offer some measurable, um, trade, if there's no way to frame that trade in

terms of good risk model to potentially.

You don't do anything, but you can observe and you can practice.

You can demo K on trade it and get experienced doing it because by

getting in there, and we're going to talk about that all T dollar,

uh, exercise last night as well.

W what the takeaways from that was because you're going to see when you

get into trades and if they don't immediately pan out, if they don't

immediately show you the evidence is that you are on the right side.

Chances are you're offsite.

So there's characteristics to those trades that you won't pick up on

until you do it enough to see, okay, this doesn't feel right.

You feel it as a new trader when you're messing around with a demo account, but

you ignore it because you think it's just your head messing with you when

it's really just common sense telling you that this market's not going where

you thought it was, why don't you get it?

But that requires you to admit you're wrong and being wrong.

Doesn't equate to feeling smart.

Just thinking about smart people were more right than they're wrong, right?

I'm sorry.

They're smart.

People are right more than the wrong and that's not necessarily true.

That's a good question.

Simon Simon asks, uh, do we enter with a trade plan before the high impact?

Or do we wait for the announcement and then enter with a trade plan?

There's two conditions you're going to learn.

Uh, and they're, they're very specific.

So that way you're gonna know which one to use, but without giving you

experience of looking at it and given you pieces of every type of

condition of what it feels like when you're getting in there doing it.

And when, when you're, when this, first of all, I had to look for them

that that comes by looking at it several times over a course of a month.

Then we'll have conditions where you'll say, okay, there will be a trade

that you'll be willing to take trade sometimes ahead of the news and folks

that have been trading a long time.

And this is, I talk about it a lot, but I think I thought it was funny.

I was laughing when, uh, Chris, Lori and I were having a conversation on the phone

and I told him, I said, yeah, That was long, you know, I couldn't remember what

a pair it was, but, um, I told him, I said, yeah, I'm long a XYZ currency pair.

And he goes, you're you're you're long ahead of the numbers.

And I was like, oh yeah.

And then boom, it exploded in my favor.

And he's like, wow.

You know, he usually waits for the numbers to release generally, and then

he'll play the volatility after that, where I look for the liquidity before.

The numbers release on some trades, not all trades, but some trades you'll

have contexts where you'll be able to see what they're going to reach for

in that, in that, uh, at data release.

There's other times where like today you have to sit back and wait and

see what they do after the fact.

And the reason why you have to wait is because the dollar has already ran as

high before the numbers were released.

So you can't, you can't predict.

What they're going to do so easily with this context, versus if the price is

down here before that number released.

Cause obviously it would stretch up it hit that.

Does that make sense?

Simon?

A lot of you are concerned about the things that we're doing and

when I give you things to focus on it still feels fragmented.

And it should feel fragmented right now because I need you to

focus on specific concepts and we're covering a lot of ground.

You just don't know that you are.

Once you have an experience of looking at the things individually component wise,

modularly, it's going to be very easy for me to sit you down in a matter of

a week and say, okay, remember when we were looking at the examples that look

like this, contrast that with memory, when you're looking at the examples

like this, you immediately knew how to.

Differentiate.

What gives you the context of trade with one set of parameters

versus another set of parameters?

It's not going to be enough if I, if I sat down with you right now and gave

you the PDF files, that is a step by step process of what you're going to do.

You're still going to flounder because you know, you're not experienced

in seeing what these environments feel like when you trade them.

And you're going to second.

It's the same thing as an indicator indicators by itself don't work.

But if you add price action, study to it and you understand how price works.

Then if you look at an indicator, it's perfect, flawless.

It doesn't ever fail.

Then problem is, is that everybody focuses on the indicator and they

don't know what to do with it.

It's not the indicator itself.

That's doing it.

It's the price action.

So because there specific parameters around conditions in the

marketplace that I trade in just having the rules, it's not a new.

You have to have the experience of getting in there and engaging price with these

specific environments and focus because two of them start off the same way,

but dramatically and suddenly change.

And if you don't pick up on that clue, you end up taking a loss that's needed.

But there is a very classic telltale sign that once you see

it by doing exercises, okay.

And it's going to be seen by trading against the daily timeframe.

Once you've, once you see it fail in the mechanism, I'd give

you as like, it's a kill switch.

You just don't, you don't trade it anymore.

You just get out of it.

And sometimes it will still move in the direction you thought it was.

And you'll just have to deal with that.

But many times more often than not, you're going to see it

will protect you from taking a.

But you have to go through these boring things individually to get experienced

looking at it, even in these smaller timeframes, because it's going to still

be applicable to a hard timeframe set up for those that can't intraday trade.

They're all the same things it's applied to a daily four hour chart.

Yeah, I'm going to do, um, I got tired.

I got tied up with, uh, Bella yesterday.

She came home from getting spayed and she's a mess.

She's also.

So I didn't get a chance to do much of that last night.

Yeah.

On the dollar.

They already ran the liquidity out above this old high.

And there was really the only thing that's above this would be to expand to 96 55.

So there's only, we're only talking about 1,000.

Well on the dollar.

So even if it does distress itself up here, that's really not enough

to get dollar CAD, to want to open itself up to a run higher.

If it would have been down here or in the 96 30 level, then we potentially

got like 20, 25 pips of run running up this high here and potentially up to

96, 55, relative to that daily equal high that we loaded on the daily chart.

So when we look at trades and we're justifying where the market should go

relative to the dollar, the dollar has got to have a willingness to want to

move to some measurable degree of campus.

Be stuck somewhere.

If it's stuck, it's going to have a real dampening effect on the price

movement in the currency pair.

Even if it has high impact news on it.

So I got a lot of emails from most of you really that, uh, it resonated

with you low resistance liquidity runs with, uh, the economic calendar,

high impact or medium impact news.

I got it.

I feel like I know how to do it.

And I'm trying to tell you without killing your spirit, that that's not enough.

There's things that you got to concern yourself.

Does anything ever give clues as to when the dollar wants

to expand versus turtle soup?

Yes.

It's price action.

That's the, that's the part that I have to submit to them and watch and study.

Since we, since this market's been moving on a dollar higher, uh, we

were looking at a potential low on the dollar relative to the daily timeframe.

And I actually used the dollar CAD.

Give me that reasoning.

It's Nvidia.

You guys can go back and look at all that stuff in September.

But down here, I thought that we were making that low and we expanded.

And we're just about the Hitton, we're almost hitting that, uh, 55 96, 55 level.

It's really close to snapping up in there.

If it's going up like this, it's the logical to assume that it's going to

take out the highs here and if it takes those out, it may expand up in the here.

I mean, we have been talking about this area and for those that are new, that

you just started following me, believe me, if you go back and look at all the.

Times I spoke about dollar from August 1st.

Okay.

Not necessarily August 1st.

What would that be?

The first week of August around that time?

Um, we were talking about these equal highs being a potentially liquidity pool.

Since then once these two pies formed, they're always going to be on your chart.

Okay.

So just because they're on your chart, doesn't mean they're.

Immediately in the next five minutes.

And that's another thing.

Some people think, you know, if you're new, you're thinking if we were down here

at 95, 45, and if I say, okay, look on your chart for clean highs, naturally,

you're going to be able to see that.

But the assumption is on some of you that are new and I'm not making fun of anybody.

It's, it's natural to think this stuff too, because you don't know anything.

You don't have knew it and you have no frame of reference.

And that's the importance of why we go in here every single day

and, uh, force you to look at.

It's not about how much money you would have make, or how much money you'll lose.

It's the back that you're in there studying price, and you're

learning the characteristics of how it moves by doing it.

It'll give you reference points by experience to say, okay, if I

do this, this is by experience.

What I should expect to see.

I cannot effectively communicate that with you or to you in a video tutorial.

It doesn't, I can't bridge that, that barrier.

It has to be done.

Experientially.

You have to be in the charts with me and I got to explain it to you and

it's boring and it sounds like a rant.

And it sounds like I'm just talking to hear myself talk, and it's not,

I'm giving you the insights that you really need, but if you're not going to

listen and you're going to be stubborn about it, or just zoning it out,

you're not going to learn anything.

And it's not my fault because of that.

It's because you're not doing what's necessary.

What's his.

Interactive.

So if you're watching soap operas at home and you got me in the background

that you're not learning anything.

So if we see these equal highs in the chart, okay, that's

going to be a draw on price.

Okay.

It's going to be a draw on price that see it go up there.

And if price is down here, even though for instance, if you looked at the dollar.

That say you looked at the chart like this, obviously this is an area where

your, your eye would be drawn to because I told you in September what

you should be focused on right now,

you should be thinking, okay, we're here.

Where's the equal highs.

There's some right here.

So what's above equal highs.

I'm actually answering your question, chase.

If that's who I'm referring to with this response,

it's spy stops.

Okay.

So if the, if the market's down here, some of you that are new.

Are assuming.

Okay, well, if it's down here and I see these equal highs naturally, you

know, naturally it has to be this way.

The market's going to go straight up in one candle and go right to that level.

That's what some of you are assuming, and that's not necessarily what you'll see

happening, especially because you have to consider the timeframe you're looking at.

These are daily candles now, can it make a run like that?

Sure.

Okay, but there's a lot of range and a lot of things to encounter

before it gets to this level.

Okay.

So imagine, do you remember being in school, remember in school and you

had paperclips or maybe a Thumbtack or something laying on your desk and

you brought a magnet to school and you put the magnet underneath the desk.

Okay.

In the magnetism between the day.

Underneath it, where you move the magnet around, it would draw the paperclip to it.

And you can like steer the little paperclip all over the top of the

desk with the magnet being moved on.

And he said, well, that same thing happens with these equal highs and equal

lows, the effects of that magnetism drawing price up there as we get closer

and closer and closer to it, just like that paperclip, you can make that.

Just move a little bit when you start getting close to it.

But as you get closer and closer and closer to it, all of a sudden

what happens that paperclip will quickly jump to the, to the magnet.

You know what I'm saying?

So as we get closer to it, the effects of this liquidity pool will have much

more significance and draw on price, you know, quickly pull it up there.

Whereas down here it's just a subtle little movement.

It starts pulling it up there because that's where the.

The reason why it's going to be very slow.

Initially down here is because the market makers are actually accumulating

positions while it's down here.

So they don't want you to see it.

So they accumulate it slowly.

And as it starts getting up here, what happens?

More people become aware with it's going on.

They want to buy, but the bulk of the volume has already been

bought down here by smart money.

And they're going to allow the rain of being quickly.

That's why towards the end, when markets run to stop.

That's why you see that real quick sudden movement.

Other mentors, other teachers will say it's a lack of

liquidity and price gaps there.

That's not what that is.

It's the fact that they reprice directly to that level to get their

own orders out smart money prices that level immediately, if you owned

a store and you sold groceries.

Okay.

And we got this big hurricane coming.

Right now, and you're selling milk and bread and water bottled water right now.

And you can be honest with me.

Okay.

Because I'm the only one, seeing your responses, thinking about

supply and demand factors.

It's probably not ethical.

It's probably not a good thing viewed on, uh, in terms of humanitarian view.

But if you're selling these things and people are dog piling it,

aren't you going to raise the price?

Come on.

I mean, it's just, it's this that's business.

Well, as price starts to get up here, everybody's buying.

If the smart money is already assumed long positions, what are they going to do?

They're going to set the price at a premium quickly and they

price it above an old high.

It's not a lack of liquidity.

There's all kinds of liquidity just right at that.

So that's the only thing I, I have an issue with, and I'm not going to beat

the person that can have a great deal of respect for them, but that part is wrong.

What I just told you is exactly what goes on.

It's not that there's a lack of liquidity down here.

It's a matter of it wants to go right to where the liquidity is.

It's this running up slowly and slowly starts going up, starts going up.

And then once it gets here, it's going to start running hard for it.

And that's what you're seeing.

You're seeing it want to get quickly up to.

Area.

So simply because we have equal highs or equal lows noted on a timeframe.

If it's a daily chart, it's going to require time to get there.

And that's what gives you daily bias every single day between this area

down here, until we eventually get up to these levels, it gives you a

daily bias to be a long dollar trader.

If you're a long dollar trader, what does that equate to for foreign currencies?

What can you do with payers like Kiwi dollar, all these.

Uh, Euro dollar pound dollar,

it gives you a selling bias.

So when we do exercises that are contrary to that directional bias, what

is the reactions or responses that you should see in studying price like that?

When you're, when you're selling those currency pairs against an idea that we're

describing here on the dollar, we should be seeing more risk responsiveness on.

Going lower.

Right.

And in buying it, we should see what we should encounter high resistance

or a lack of wanting to go higher.

Exactly.

Mark said it perfectly pain.

And that was, that was what you're going to see when we cover

the, uh, faulty dollar exercise.

Now look at this.

Excuse me one second.

Let me get something to drink.

I just ran out of my water.

Bear with me one second.

But look at this cat in case it does it before I get out of here, the, uh,

we came down and hit this order block.

Uh, dollar still holding is high.

This may expand through, take out these equal highs.

Watch this level here.

Okay.

If we do get expansion, watch the reaction after we get through 32, 27.

If assuming we do, I'm not saying we have to do it, but that's

what we're observing today.

If it gets to 1 30, 2 30, almost, sorry.

We're on 32, 27.

It should really run up here and hit that green area.

Hang on one second.

These scrap.

All right.

So look what we've seen so far on.

All right.

So we talked about the importance of midnight.

What happens at midnight in New York?

It starts to the new day as it relates to the interbank algo or APTA.

So if we know that's the day beginning, if we're bullish or bearish, Okay.

The only thing we need to know is the opening price on that candle.

Okay.