Original subtitles

Okay, good morning folks.

We're looking at today's economic calendar, as you can see, it's,

it's pretty light until we get around 10 o'clock in the morning,

and then we'll have some, uh, some job earning by jogging.

Any trading at all, it shall be done preferably before that.

Okay.

So we have the dollar index on the left-hand side.

We have the weekly chart.

You can see pretty much what we're most likely looking at, run out.

Better old it 100, two point 52 level.

So we'll be looking for a move into that level.

And these are not day objectives here.

The objectives for the week.

And even if price is simply goes above that 150 level and then trades lower

and rejects it, it creates a high here.

It gets us a tradable range for the rest of this week, but I want you to

look at what we've done here for the better part of the last two years.

So 2014, we've had this base rallies up in elevation here or consolidation, and

we're probably going to see it resume now, huge amount of liquidity resting

above that big 100 point 50 level.

If that's the case, as we see it here on the weekly chart, there's going to

be potential weakness seen on current currencies until that condition.

I don't suspect that we're making a high in here.

I think we're primarily, um, just consolidating to make another run higher.

So underlying as I look at my analysis going forward, everything

that I treat is going to have this.

And hours, I'm always going to have this in the forefront of my mind thinking

ultimately, the dollar is going to want to trade higher above that 100 level.

It is at least to 100 mid figure.

We may see 1 0 1, 1 0 2.

That's what I'm personally looking forward to these levels are all finally

coming into potential, uh, fruition.

It could happen by the end of the year, obviously, because there's

not that much in terms of distance.

We go into a daily chart.

I say we cleared the sign here.

He did not want to see price.

98 80 case in 98, 80 is the pivot point.

If you will, you retreat back down below that and we'll have to put our motionless

on the sidelines for the near term until we get read back about it again for now.

As long as price stays above 98 80, we have to be a dollar bull.

This morning.

So far, we have seen a consolidation below

short term hot here.

We have a small.

The liquidity call in the form of buy starts here, prices

being held in consolidation.

We have since come back down into this down candle here at this run up.

So we're going to be looking for a sensitivity going forward from here.

Can you see our price came down, hit that opening 99 49.

Well, it's 949.

Now we do have cell site liquidity just below these lows in here.

I don't like the idea of going below that because if we do, it's going to want to

have to resist it didn't station and go back down and closing this range here.

All this.

So while that could still potentially unfold for today for the setup going

in to remainder London, going into New York open, uh, we're looking for

the, basically the bias, if you will,

in my idea is for this long.

We don't want to see a good down here.

We want to see a, maintain this range here and expand up from

where it's at now, given that.

We've seen price come up, closing its range here,

candle, during a smaller consolidation, we treated lower, came back from a

hit that let's put that one there.

You can see it.

So it's just basically a mirror image of what we saw when the dollar index.

And again, just in reverse.

We, as we showed on the dollar index, we had sell side liquidity and the dollar

below here we have buy-side liquidity.

Just about this hot here again, I'd rather it not

trade about that.

Short-term high.

It would have to come back on potentially.

Okay.

Straight up into this range here, they would be more inclined the tree up here.

If we see this run up now, two scenarios.

We can hold the consolidation here and make a run for the

liquidity below this low here.

We have cell stops below this low here, and we'd have to see acceleration.

The question is, is on the weekly chart over here.

They have 1, 2, 6 85 as downside.

So we have about a hundred pips there.

So think about the symmetry there.

We have a hundred pips or so for upside on the dollar index, relative

to what we showed on the weekly chart.

So one to 100 point 50 level, then we have about a hundred

pips down to the next area of.

All shorter block here.

So it's 1 0 6 85 relative to current price.

Action.

It's one of 7 88.

So about a hundred pips.

We could see a run up above the short-term Hein here.

It could spike up above it.

And then that would be a sell here.

Looking for liquidity run below here.

It would be a low resistance liquidity run to be assessed.

I don't want to see it go much above this high, because if it does, this is a very

small little block here, very small, and I don't think that's going to support it.

I think it would probably want to run up higher and trade up into

this, which takes us a little bit farther than I'd like to see it go.

And it might run up there.

Darren Draghi's speech, maybe.

That may end the happening later on this morning.

And then, you know, what's worst case scenario.

We don't do anything through London seats, remotely.

Uh, um, yeah, well, not remotely, but it's not realistic to expect

it to trade up to here yet.

Say it stays in a consolidation, but yet it doesn't break down below one and 770.

Uh, the expectation would be when John druggie speaks, it'll probably take

it up there and then it'll sell off.

Then it might have a pretty good sell off then.

Keeping an eye on the cable last week.

This bugger did exactly what we were suggesting would do would buck the

trend, trade up and closing this range on the weekly chart that we traded

above the last down candle here.

So we're going to be looking for 1 24 48 to 1 24 50 level

that may become sensitive going for.

What's it could potentially provide some support if it doesn't offer support.

And we have the down candle here, which is overlapping in, that comes

in the form of its opening prices.

1 24 83.

So we're looking for 24, 80 to 24 85.

So we don't want to see price go below that it does.

Then it's going to resume its downtrend as well.

I liked this level.

Should we treat down into it?

So he gets some kind of weakness going into today.

Um, watch this level because it may end up holding price at bay.

And then we come down to hit 1 24 80.

We could see it run through.

Impotency come up here and close some of this, uh, bear shorter

block, uh, fair value gap.

So what next upside Jack would be?

28 81, 21 80, I'm sorry, 1 28 88.

Let's say it correctly.

Michael, please.

Alright.

And we have

side liquidity global low here at 1 25 0 8.

Are we looking for 1 24, 80 as a potential downside?

And myrcene on dollar CAD attenuation on the upside, as we were expecting

on this pair real quick on a weekly.

1 38, 10.

Uh, this could see some really nice range expansion in here.

Should we get some continuation on the upside with the dollar, uh,

be mindful of the, we're looking at a small consolidation here.

When we see that it always has a pretty good likelihood of.

Trading up and internal, souping running the cell stops below the

marketplace and then resuming.

So we could see a little bit of a drop-off preferably we don't want

to see that too, to put this 38, 10.

We want to see it obviously once it's cleared.

Yes.

Last week's high, rather in the form of 1 35 48, which felt just

to PIP short of my objective.

As we shown in a video, 1 35 50.

Uh, we saw that obviously since the weakest traded.

So really looking for

market to expand, go lower so that we have an up candle here.

The last up candle in here, you'd say, man.

Now we're very close to today's opening.

I'm at 14 pips away from today's opening.

We saw the price already move above it.

And we have a small short-term intraday, low of 1 0 7 75.

If we go to this level down here, we're going to expand

through and tray below this low.

Well, I'm watching is I want to see price retrade back up into north spots to

buy to this black handle or downstairs.

If it's, if it trades back up to this level here, just candles low as it

happens, live, as it hits it live, as we're watching it, I'll put my shirt

on at that moment, like right now.

Okay.

I'm short now one contract or one lot, but the expectation of

looking for a run below this low.

I want 10 trips minimum below this low with a stop sweep.

If we see expansion, it could be as much as 20 pips.

I'll take half off,

fill things always in my way.

Just in case we get expansion.

I'll just put a check to take 40 off.

Now what I'm trading on my way for it to trade back up into

the bottom of this candle.

We've already traded down below, just last up candle.

And we have a liquidity below the low here and below the low, over here at the

same time, we're looking for the liquid.

On the weekly chart per Euro down at 106 85.

And again, the idea is, uh, everyone's going to be seeing druggie speech later

on this morning and usually the ideas they want to see markets move or take their

opportunity before that speech has done.

And then used the manipulation during that.

So the truest form of price action is going to be prior to the speech.

We have several hours before that happens before the New

York session opens up as well.

Okay for this to be a good solid cell.

We don't see a greens expansion on the dollar CAD.

Orange expanse from the upside for us dollar would support accelerated

selling on our you're a dollar short.

When I'm watching it, I want to see if we're able to stay below the

opening price on a midnight candle.

At midnight, New York time seen on the 500, uh, candle here, excuse me,

because we're so close to the low where the cell starts, we'll be pressing for.

Those are trying to catch along or trying to capture a low, this

little movement above the opening.

Normally wouldn't be as ideal, but because we're so close to the sell side,

I'm thinking it was only poking its head above the opening prices a little

bit, and then they would make the run.

So on the range on a daily candle,

Give me an idea of what I'm thinking.

If it hits the stop, I'll have a scenario for that as well.

Okay.

So see this as the, uh, can get this out of the way.

So it's not used yet.

See, here's the opening price on the daily range in terms of power three,

we're looking at the opening with sell side liquidity, the loader.

The ranger would have created this smaller movement up just a little

bit about the opening price and then expansion on the downside.

The fact that we're going to be running out potentially the low here, that's the

idea or the framework on the trade, if that's the case and we're that close to

it, the likelihood of seeing a lot of upside above the opening price, not like.

If it goes much above the opening price, it's going to be viewed as that

movement from the opening and down.

Okay.

That's why, if we, if we get stopped here, we have to wait and see.

Obviously, if it goes there, we may end up changing directions on the day.

May not see this right above the 99, 69 level because of jogging.

So the reason why we're allowing only a small movement above

the opening price initially.

Right here.

He's you guys are so close to that low.

We don't want to see much movement above the opening price, so our

stock can be relatively close.

So it works.

We weren't more interested in seeing the price go down below this old low here.

Then we are seeing willingness to go above the opening prices.

Okay, we're going to collapse the trade here.

Protect the stop.

We do not want to see it.

Go back above the opening price.

This is what we're seeing right here.

Can we wait.

I'm watching this or a block here.

If we lose it entirely,

we will be switching gears and we'll watch and see if this, if this high's

violated here, we'll be using that opening price as a bullish or a block.

Well, we switching gears on the session for them.

And the reason why is if we lose this block altogether,

that means that we've cleared up the bodies of the candles here.

And we're probably going to want to trade softer.

This liquidity round will be left for druggies, uh, post-it druggie speech.

So.

It's a little tricky.

It would have been nice if it, once he got back about the opening price, if it

would've spiked through here, obviously, you know, after we took our short off

protecting the stop, but I'd like to see him run up and clear that high out

whilst still supporting this bullshit.

Because then that would be a run on the stops here.

And then as long as we're inside this down candle, anywhere in this

down candle, you could be on short still, and it's still a Bible trade.

That's not wanting to move much at all.

The reason why I want to collapse the trade and protect the stop is

because we went back to the opening price after it's already shown and

willingness to go above it here.

Much about the opening price is not necessary when you have that

close of a liquidity run and we were expecting range expansion.

Should we get below that?

The entry was based on this candle on here being violated from the downside.

So as soon as it came back on and touched the bottom of that candle,

Exactly.

Yeah, I'm going to be distracted by all these questions and

you start answering it.

The expectation is we wanted to see price once it traded below.

It's kind of a 15 minute time from again.

The last up candle, once it broke down through that, the expectation was we

would see range expansion after that.

In other words, we're treating it like a water block.

That's being qualified immediately went back to it.

That was like a last chance to get me for a range expansion.

It did not do that.

It went right back to the opening price.

So now this horizontal line here, this 500.

Or five, o'clock a candle that opening price is the New York open or one of 7 94.

We've already went above it here.

So once it's moved down away from that, all we do is wait

for an opportunity to get short.

So, you know, you don't have much in terms of a range to trade back into.

So once that candle here was violated on, on this candle, before

the WIC formed in a higher close.

We want to be short rate when it touch there, the fact that it moved up back to

your opening price, the probabilities fall off, we don't, we don't see the expansion

down here off of that last up candle.

In fact, that last up candle has now been engulfed in our

backup, all the opening price.

So we're collapsing the trade, more collapsed the trade because the

probabilities of seeing the downside.

Expansion has been removed by going back about the opening price.

We've lost the order block to now, we're going to be

watching the opening price here.

If we can come back down into that, be changing gears and we'll be going along.

We have a gap up here that may be looking to be filled.

Now we have the opening price.

The down candle right here.

Watch the high on that 1 0 7 96.

So we can treat the 1 98.

I'm sorry, 1 0 7 96 and betrayed back down the 1 0 7 96, right in here.

Oh, do is retouch that and that's a long for Rhonda 1 0 8 40.

My Mondays are a little tricky.

I'm watching this candle as it touches that level right there.

As soon as it hits it, I'll go long.

The stop will be placed below the short-term low and we'll

look for 1 0 8 40 going into New York and I'll leave that go.

Should we get the, uh, touch on that price?

Right, right there.

Okay.

Stop is placed just below the low here.

Limit order is here closing in this range

to now it was on autopilot.

I don't think about it now because I already had one trade in.

This is the second trade.

We have a limited range because of drug speaking.

So now one thing we do is load pain out as the price expands up.

As soon as we clear, or if we clear let's say it that way, it would clearly

up candle here on the upside and the stock will go just five pips below the

opening price and I'll leave it like that until we go to a remainder of the range.

So we're gonna be looking for a upside objective.

And not expecting much above that.

So that's it.

We're going to let it go.

And I'll give you this recording once I wake up and then we'll

resume with a recap through Twitter.