Original subtitles

Good morning folks.

Well, the us elections are behind us.

Trump is president elect and I'm thankful only for the fact that Hillary was

not elected because of her corruption.

And again, that's not it.

Testimony that I believe Donald Trump is the panacea or the answer

to all things, but I believe he's the lesser of the two evils.

And I'm sure I'll get some backlash from that, but it is what it is.

That's my view.

That's my opinion.

And I'm prepared to be wrong.

So looking at the calendar today, obviously we have post.

Volatility, uh, we have 10 30, a us dollar crude oil inventories,

and obviously that was going to be impacted to the Canadian dollar.

Apart from that, it's pretty quiet, nothing on the radar screen tomorrow we

have FMC speaker at nine 15 in the morning we have eight 30 unemployment claims.

So we will be.

And live session at eight o'clock tomorrow morning.

Um, basically looking at, uh, the 30 news event, I will probably tweet potential

setups for London if there is any kind of a liquidity void, which I'm quite sure

it's going to be something that triggers.

And then obviously a for the last day of the week, we will be

looking at something in London for Friday ahead of the nine 30 FMC.

Um, there's obviously there's so many potential ranges to be, um, traded

in because of all this, uh, election chances of finding one is pretty high.

So we'll, we'll be doing something intraday, uh, between now Friday's close.

For the

charts today, somewhat volatile.

So we had a pretty nice reaction off at 98, 10 level.

Now again, the 98, 10 was around up from 98 0 7 and we

rounded down from 97 to 98 0 5.

Essentially the midway point of this up candle and this down candle.

And I said, if we got through this, then it would be reaching for this level and

I'm thanking my peer, but we didn't.

This is the level that we would look for for resistance.

And if we did, we would look for movement down into this order block here, and

then the midway one of this order block.

And we'd come in here and close some in this range.

And ultimately if it was to continue, we would look for these

equal lows on a four hour chart.

Let's go over here to.

This chart here.

See, we had equal lows in here.

Last order blowout, price swept through that immediately gave it all back up

and we're probably going to run into, let me just a little thing on the whole.

We're probably going to go into the 98 thirties to 98 fifties today.

Um, obviously people are gonna be waking up and like I'm just doing now.

And, uh, seeing the, the confirmation that Hillary has been put around.

And there's a new sheriff in town, as you would, as you would say in America.

Well, the, the range or void that was created with the initial sell off here,

that's already been closed in, uh, we're already past the order block here.

So it's going to give us expectations to, um, to look for price.

Maybe we can close in some of this range here.

I don't think that's going to be all that would be necessary.

Uh, on the outside, I think there could probably ultimately probably

drive into that 99 big figure and clear and clear that out.

That's what I personally think to the fact that they gave all

this up and it came right back.

Uh, you have to be, at least for now.

You have to be bullish dollar.

You have to be, uh, the liquidity void on the run up on.

The Euro has completely been filled in.

Uh, we mentioned there would be stop run into here.

If we saw dollar rally, I'm sorry.

You're a dollar rally up.

Um, I go back into the videos.

I'm not sure exactly what day it was, but I know I haven't.

So any of you do that by keeping good notes, I'd appreciate

you sharing it on Twitter.

That'll help the folks that are not doing the same thing and even myself.

Cause I got to start doing that.

Keeping better detailed notes about where I specifically say,

uh, levels have liquidity, portals and such, but we mentioned the

a 1 12 90 to one 13 big figure.

Uh, should we see upside movement and hit that, which we did that

last night after I cleared that area and immediately gave it all back.

So.

The next level to be watching is that one oh nine ten two one oh nine.

Big figure.

If we lose this level here and it certainly looks like we probably will,

uh, it may not be a straight shot from where we're at here down to that level,

but I suspect that if we continue to see press higher on the dollar, uh, we will

be looking for that return to one or nine.

Now again, Nothing's changed in my long-term perspective on parody between

dollar and Euro and dollar and a pound.

So there's those remain intact pound dollar.

Uh, we saw price rally as well off of the 2350 level.

Let me go back to Euro because we were watching.

Uh, level down here.

And while it looks like first glance down here, it hit the 1

0 9 90 level I was looking for.

And we mentioned in charts and video, Alex, he missed about one pit.

So I was off there, but nonetheless, there's a level.

We were looking for same response.

And then we saw 1 23 50 last night.

Send price higher.

And now we have equal loads down here.

So we have a nice liquidity pool resting below 1 23 50, and

we'll be looking for movement

1 22 65 to 1 22 72, 1 22.

50 as downside objectives.

So we could potentially see about a hundred pips, a

decline or on pound dollar.

What changes that would be to get above 1 24 75.

And why am I saying that is because we already seen responsiveness on is

up cannabis is a bear's water block.

We created a void.

We closed in essentially that boy.

To get above that level and here would make a run back up to these levels here.

And that would put the bearishness on the sidelines for, uh, for the near term

and dollar CAD.

Uh, we, we were looking for down to 1 30, 2 80, and then if we lost 1 30,

2 80, we were looking for the 1 31.

And then 1 30, 1 50 to 1 30, 1 45 area relative to there were blocks over here.

We saw 32 80.

Now the only thing I was noticing last night on Twitter was the

responses at the level that we were looking for as downside objectives.

Uh, I did not see this as a buyer.

I did not see this as a trade at this, looked at that as a level

where price should reach down into, uh, and it did that, but the

responsiveness here is amazing.

I mean, it was, it was really stunning to watch that last night.

I don't know if that's gonna deliver you further up sign.

And did, does this give us that longer-term objective that we had for a,

for dollar CAG, the trade up, uh, into it really wasn't on the weekly chart.

So I shouldn't have that.

It's got the daily again,

it's maximize this to get to.

We have this small little political party void in here.

And when we're looking for the 1 36 95 upside, so you potentially, we could

be very easily, uh, starting another leg higher, uh, but to be convincing

about it, it needs to get above all this price action and here these

highs, and to stay up above it, you can't just be poking his head above.

And then coming back.

I don't like that.

So as long as we're seeing continuation on a dollar higher, it needs to break

the a 98 30 level convincingly today.

Or if not today, it's got to do it tomorrow.

In my opinion, I can't give all this back.

It's got to stay as a real strong rejection.

And I think that's why it's important to watch today because

we're basically here and.

And the equity's opening at nine 30.

Today's going to be indicative as well.

What we see for the dollar.

So again, it's a lot of wait and see, and I know some of

you that are new is traders.

It just doesn't make sense to you to be sitting on sidelines.

You've seen all this movement, but all this movement is

uncertainty to me as a trader.

So while I can talk about the levels and give them in advance

where I think price may go.

So it's not an environment.

I want to put money at risk and even in a demo account, I'm assuming a great deal

of responsibility in my role as a mentor.

So I'm teaching you how I trade with my own money.

So if I don't trade these environments with live money, I certainly shouldn't

be dealing with a demo account just to show you that there's traits to be taken.

Um, we're exercising a lot of patients and a great deal of financial responsibility.

Because there's, you know, it's uncertain, you know, a lot of things can happen and

it's not worth the risk for something.

So short-term in nature.

Now, obviously you may, you may argue that it's four years, we have to deal

with this, but in the initial shock of it all, you know, we have to wait and say, I

mean, we don't know if there's going to be some goobers out there and it's going to

act a fool because he was elected today.

I mean, anything can happen.

And that's what I'm basically, I'm waiting to see what the actual response is.

So, uh, I'm certainly willing to be in here tomorrow looking for

action and on Friday as well.

But for now, we're just gonna be watching to see what we have in relationship to

the things I just mentioned in this video.

So in summary, I'm looking for a move up through the 98 30 level

to be a convincing continuation when the upside on the dollar.

And I don't know if that's going to translate into photo

further upside on dollar cat.

But all likelihood.

If that's what we see in the dollar index, we should be seeing dollar CAD,

uh, trade higher, um, on the pound.

You know, we're looking for that run below 1 23 52.

We see acceleration, uh, below 1 23 50, or do we consolidate that remains to be seen?

Um, I certainly don't want to be a buyer on pounds.

And obviously the, uh, the levels we just noted earlier about the Euro dollar.

Uh, I think ultimately we're going back down to 1 0 9, a big figure,

and, you know, w w what's what we see after that obviously will be, uh,

left to, uh, discern once we do it.

But ultimately I think this is going to go lower in dollar higher.

I think maybe, hopefully this has been the catalyst for, um, if you look at

the dollar in line, Well monster book.

Uh, this could be the last shake out for all those individuals that were bullish

on dollar, but this wiped them out.

So now everyone's afraid to buy the dollar.

Uh, everybody on social media is like, oh, the dollar is tanking.

It's it's over, you know, and I told you, the UK had its Brexit event

and we, we had our us trumpet event.

So.

Uh, it's a wash on dollar bulls because it obviously came down and closed in

a lot of downside liquidity knocked out all of those individually that

we had trailing stop loss orders.

Now it's free to go.

So if it's gonna run, you know, it has absolutely no

barriers in front of it at all.

So it can literally scream right through that.

99.

Was it 99, 99, 12.

So it could literally rip and tear right on through, up into the full down.

So it can go to 100 level with no problem at all today on the heels,

even after all of this based on everyone's acceptance of the fact that

in Trump's got it and what equities do.

Um, and the question is going to be, and I'm getting it in an email.

I must've had 60 emails, um, asking me, you know, what's going to happen

in the stock market as it crashed.

Folks.

I don't know.

And I have no problem admitting I don't know what's going to happen

if I did, if I firmly believed what what's going to happen.

And I had a strong conviction about it, I'd be opinionated about it and

telling you, this is what I'm doing.

This is how I'm going to trade it.

But because I don't, I think it's prudent for me to be honest with

you and tell you, I don't know.

And I'm sitting here and waiting to see what happens.

The markets are not going to be defined by one trading day like this.

Okay.

And certainly not one trading.

You know, we've been pretty much, uh, you know, sideline

waiting for this event to happen.

It, it just happens.

So let the dust settle a little bit.

And in trading over zoom and everything will be fine.

It has been prior to this, but you have to just relax, just let it happen.

And don't expect to know everything.

Cause I certainly don't know that.

And I'm anxious.

I'm really anxious to see what, uh, and excited really see what happens we saw.

We saw.

Dow futures down over 750 pips or points last night, which was exciting.

Yeah.

I hope it.

I wait, I'd like to see it open a thousand pips or points lower and just

crush it and just go straight down.

I would love to see that I would love it because they would call it the

markets continuously move all around.

And that's what we want when moving, when there's movement around a lot

who create voids and where there's voids trading gets really, really.

So don't think just because, you know, there's a lot of movement right now and

we have not had any participation in that.

Isn't by no means a recipe for missed opportunity going forward.

We have all kinds of opportunity coming up, but we have to let the initial dust

settle and then we'll be able to see where all the ranges that we can trade

into, where the order blocks are going to be retreated back into where the

liquidity pools, where the stops at.

Let everyone rush to get in there right now.

Cause that's what's happening.

The market makers dropped this market crazy last night and it's sent a

sentiment change in the marketplace.

You know, it's dollars going to hell.

You know, the white house is going to burn, you know, DC is going

to be bombed by Putin, you know, North Korea is going to invade.

I mean, all kinds of stupid stuff going to come out and it's going to cause

all kinds of sentiment ideas in the marketplace in the last asset class

opened up today is the equities market.

So we're going to wait and see what they do with that.

And once that's done, then we price in the opening and we get through

today's close sentiments in the market.

Then to now we can take a real good objective.

Look at it after today's closing equities and have a better understanding

of what we should be doing.

Trading Goldberg.

But you can't do it ahead of it now because there's too

many things that can change it.

So let the asset class open at nine 30 New York time, and then we can come

in tonight after the close at four o'clock and then have some, a better

understanding of the analysis will have more meaningful impact on our trades.

But that's about all I have for today.

I, it has been really exciting to watch all this and some of

the levels we were looking for be hit, but again, it just sit tight.

There's plenty of trades to come off of all of this, just don't rush in there.

And I know some of you have basically had made a deal that you

were trading last night, and I'm not going to comment because you

already know how I feel about that.

So, We're going to close this one here.

I'm not going to take any questions on a deck.

I want to keep it brief.

I will be actively following the markets today.

If I see anything that's important or salient, I will tweet it, but we

will be resuming back into active, uh, participation in the markets tomorrow.

And in, uh, my aim is I'll have something for you before Friday's closed.

So with that, I want to wish you a very pleasant day, be safe and go up and get.