Original subtitles

So we're going to be focusing on the dollar CAD pair this morning, eight

30, we have a medium impact and we have high impact dollar unemployment claims.

So we're gonna be focusing on dollar CAD, primarily the only just breeze

through the other markets real quick.

You should be seeing my charts now.

Thank you.

Appreciate that.

All right.

Uh, as a side note, I saw your, uh, your question Norman, regarding

the teachings I committed.

Every Saturday, they'd be online by 8:00 PM.

That permits me to have a life on the weekends too.

I have a wife that demands my time too.

So I have to have, uh, a little bit of a life that permits me to do

some things as well on the weekend.

So you'll have the, you'll have both teachings by 8:00 PM.

Don't let my wife's uh, see that John, I only have one life.

Sorry.

So we had the dollar index on the left, uh, daily.

Uh, we have basically, we have a, uh, a really nice set up this

morning for a potential run above an old high, uh, we have 99 point 12.

Uh, we were looking for 99, 20, 99, 30 as upside objectives.

This week.

And we have seen just about every upside level, uh, hit after we

hit the 98 0 5 98, 10 level.

Um, we washed out and came down into a four hour block.

That's what this is over here.

This level here, while we saw a reaction price came down,

hit, it exploded the upside.

We went right back through the 98, 10 level we identified.

Then we had levels to watch going through last night with

the, uh, yesterday's pre-market.

The video that was shared on the forum that we were looking for the 98,

30 level than the 98, 50, 55 level.

This candle in here, you're going to get the show up.

Yeah.

98, 52.

So we were looking for 98, 50 to 1955.

Uh, we, we hit that.

We've paused and now we're con uh, expanding.

We have the old high here within.

Real short distance.

So I think that's probably what we're going to be punching through on the

heels of the numbers at eight 30.

So we'll come back to dollar in a minute, but, uh,

Euro dollar that has traded through the wire nine big figure, as we were

expecting a, when a nine over here, you see trade through it, watch this

in here, folks, because this may be, if we don't go through it, So we stay

inside the body of this candle here.

Let's do this.

If we stay below that at the numbers release, we may see some

further expansion down and a run on the stops below 1 0 8 50.

So 1 0 8 50 stops are in jeopardy this morning on fiber.

Look at this movie.

We talked about this, um, a couple of weeks ago as a potential.

If we saw upside, we would probably see this equal highs in here

cleared out, stops above that.

It went right up to that one 13 big figure.

Nailed it perfectly, and then gave up.

It goes all the way down.

That's that's pretty aggressive.

Well, we all see, I don't see a trade in here as much as I see it on dollar cat.

And we'll get to that in a minute.

Uh, but the suspect, if we do get the numbers release at eight 30, uh,

the injection of low volatility will probably send us down below 1 0 8 50

pound dollar.

Uh, this has been held in consolidation cause I thought, ultimately I think

this, this pair is going to buck the technicals and I think it's going to.

Right up to that 1 26 90 level.

And I'll take us up to this bare shoulder block.

Last up, can the rate for the down move.

We have that exposure range in here.

So think about that.

Uh, an analogy I use for, you know, a paintbrush in the paint stroke has been

on the downside here, but when you do that, you're gonna have little porous.

Pockets where the paint wasn't distributed on the canvas.

So it was going to want to probably go up there and close

that in before it trades lower.

And ultimately it doesn't have to trade lower from that point.

But right now it looks more probable that this, this currency

is going to want to go up higher.

So if that's the case, this is what I suspect may unfold

today at eight 30 numbers.

Um, we may see basically the pound dollar stay in consolidation.

Okay.

And your.

Trade lower to the 1 0 8 fifties with a higher dollar running out that 99,

20 to 99 could even see expansion to the 99 mid figure, which will be 99.50

level, and then keeping pound dollar in consolidation for a later move.

Not today, but a later move at some time, maybe a day two, maybe next week.

Even that it runs up to 1 26.

No.

Dollar CAD.

We have

the liquidity rate above

this old high back here.

So we have 35, 25 upside objective with 34 80.

So we have about 40 plus pips potential opportunity this morning.

So we're gonna be looking for a low resistance liquidity

run for a run to 1 35 25.

We've had price moving higher on a daily chart.

Uh, we've already seen price, show it on loneliness to go lower.

A dollar cat seems to be in sync with the dollar index finally, and the dollar

index looks is it's going to be running to the 99, 20 to 9 9 50 level this morning.

So.

What we'll be doing is we're not going down to the 15 minute timeframe.

Okay.

So we are aiming for the stops above here.

Keep myself reminded to send these, uh, tweets out because I know folks

are going to start complaining.

You promised us a lot more charts.

And so November and I said after the elections.

All right, so that part's done.

Okay.

So what we're going to be doing is I'd like to see price,

hang on one second.

Let me drop down into a five minute charges to see if there's

anything in here I can use because.

Ideally, I would love for this to happen.

I'd like to see the news come out, send price down to 1 34 55 to 1 34 60.

So that means I will be looking for a long entry at

so 1 34 52 at five pits.

That's so 4 57.

So I'm going to be buying on a limit at 1 34 6.

But I'm going to market it today.

So I'm not going to use a limit order today.

I'm going to watch it.

If we weren't coming off the heels of the election, I would just simply

put this limit order in at 1 34 61 a limit just to buy and just

let it go with a stop of 30 pips.

But because we may see a little bit more additional routes.

I'm going to wait for it to trade below 1 34 60 and watch it, hopefully

reach into this level here and then market order, right in as alone.

Um, if it runs right from the go from the numbers and if it runs right to

these levels here, there's no trade.

I don't want to trade it in here because if I trade it and buy it here,

I've got to be willing to allow to drop all the way down here at 30 pips.

And that's not what I wanna do.

I wanna, I wanna buy it after it's come back down a little bit.

Yes.

So obviously going to go through 99, 21.

$1.

So we got about 10 minutes.

Unemployment numbers will come out and the medium impact news will come out for CAD.

So we'll see volatility then again, the idea is we're going

to be looking for higher prices.

Now I don't want to limit the move to just a run on 1 35, 25 or 1 35 36.

It could potentially go a little bit more than that, but I'm just looking

for that as the initial objective.

So if I'm able to get along on, I will be taking half the position off at 1 35, 25,

I'm explaining to you before I do it,

and then I'll leave the rest of them.

To see if I get anything going in to see, I don't want to see it run from here.

I don't want to see that it needs to stay in the consolidation like

this and then drop down on the news.

That's what I want.

I want them to get sucked in to thinking and really all I'm all I'm really

looking for by waiting is I want to see it go below the short-term low.

You can see there's been no run on sell stops below the market lows today.

So I'm hoping that, that this market driver will have happen at eight 30.

If we dropped down, take those stops out and closing this range.

That's exactly what I'm looking for.

I just don't want to see it take off from here.

It looks like it's really itching to get up there already.

So, but there's rules.

You got to stick to them.

We could potentially see do something here on a daily chart.

Maybe we could probably see it a nice run.

Yeah.

I do not want it to run.

I can do this.

It can punch above this short-term high and then come down.

If it gets into this level, then, then it'll be allowed to trade up

for the 1 35 25, the 1 35 30 stops.

But if it hits above this hot here and the algo starts spread open, it's not going

to give me an opportunity to be long.

And that'll frustrate me today.

Only because I've only had 700 people asking in an email.

Are we going to get trade signals this month?

No, you're not getting trade signals this month.

You're going to get treated as examples.

This is not a signal service that starts next year.

Couple more minutes, flipped a news.

We'll be releasing.

I got that six months or so.

Okay.

So we're seeing the dropdown cumulative minutes right before the news.

So hopefully we'll see that 1 34 50 level get hit.

Yeah, it doesn't have to come all the way down and he'll hit this to be good.

Cause we've already cleared the stops apple here.

I just want to see it come down just a little bit more.

It would, I'd rather see it come down just a little bit more.

And if it punches in and hits this level here, then I'm going to go

right in at the market and go.

But I want to see it trading now eight 30 numbers release.

I'm going to probably take it here.

I just want to get down below that.

I'm going to take it now.

They took the stops below here.

We use a 30 PIP stop and a little less volatile time.

I would have used about 20 PIP stop, but I want to have a

little bit of wiggle room today.

And if it goes down to that level, I'm clearly.

The thought processes, as we were saying earlier, this low would

have sales thoughts below it.

They took price down below that to really be looking for the market

to want to run away after that, because we have liquidity on let's

go back out to a 15 minute chart now.

We want to see as you want to see it expand aggressively.

And once it clears this short-term height, it should start gapping up

reaching for the 1 34 25 to 1 34, I'm sorry, 1 35, 25 to 1 30, 5 30 by stops.

Like to see the dollar index start expanding on the upside of that would

give us some lifts on the dollar CAD pear.

Okay, it's going to need to start moving in here on the upside.

I want to start applying a time stop because it should already be

going higher in an ideal world.

It should be trading higher by now.

I really would like to see it run here.

I mean, obviously that's an optimist, but technically it should run.

It should be making a swing low on the 15 minute chart and it should.

If it's good, it should run here.

Otherwise, it's going to close in that range, which gets too close to my stop,

but we'll see, dollar index is trying to make a run higher that would give us

some room to, to elevate on dollar CAD.

My thinking is we saw them obviously by down here and it rallied up, created the

high here more lawns were assumed here, more longs assumed more alongs assumed.

So yes, the ideal scenario would be to unload whatever they bought down here

that they still won't have on their books to L to elevate the market above

1 35, 25, to sell them above that low.

The ideal scenario is for the market makers to unload their longs at

a optimal, favorable, profitable, whatever you want to call it level.

Yes, this is higher than that, where they enter that.

But when you're disclosed, the scenario would be, my expectation is

to see it, to drive it above here.

Even if it just goes above it by a couple of pips, they can just unload them there.

To me, that's more favorable as an outcome than.

The see the market stop here.

Even though we went above the short-term high here, it's much easier to

anticipate people being short dollar CAD and having a buy stops here.

You have a, a great deal of stops or willing buyers up here.

Yeah.

You may have had some here and it, but look what we've done.

We've we've hit them.

We swept through them, but we're holding in a consolidation in here.

So my thoughts are that if we can see dollar itself drive up.

And we don't lose the ground in here.

We should be going out there and hitting a 35, 25, 35 30 by stops.

I just don't like it.

Staying in here this long in a consolidation,

the, uh, internal tug of war, the trader fields were a

little, little far away from.

Equity open.

We still got about 40 minutes before that happens.

What I'm doing is I'm watching the, see if every time that the dollar

index upticks one or two points, are we seeing the dollar CAD in

lock lockstep done the same thing?

Say great.

Now we saw an uptick on the dollar index on the left, and are we seeing that same?

Responsiveness and the dollar cat.

Now we just lost a tick.

And then I want to see if we're, if we downtick on dollar on the

left, are we staying higher and not down taking on the dollar cat?

That's what I'm looking for.

And the reason why it's important to me to see if the dollar index is dropping a tick

or two, if the dollar CAD doesn't drop.

And staying firm.

That means they're just allowing, uh, the price to build up and then

they're gonna release it to the upside.

Otherwise it would drop down when dollar index drops down.

It's not so important that it upticks the same time a dollar index would go up.

It doesn't have to go up and a U S CAD.

You just want to see that it's holding strength in the pair that you're using.

And I'll explain more about that when we teach relative strength.

No, not the relative strength index chart indicator, but the concept

I'm quiet because I'm thinking there's real money behind this.

That's why I'm thinking.

Live trades.

Didn't demand a lot more focused on my part.

And I've, like I said, I don't talk too much when I'm in live money trades.

I'm focusing on the price action and weighing out whether or not

it's still going to pan out.

It's something I should scale off of.

So you didn't lose all your I'm just muting it.

All right.

So this is turning out to be a high resistance liquidity run.

It's still defined as a low resistance look while you're on.

It's just taking forever.

I mean, it won't go lower, which is great, but I don't like the fact that

it's spending too much time site.

I'd rather see it just a punch up there, even if it just takes

out the 34 95, that will at least let me trim some of the stop off.

We have a speaker coming on a little bit here in a couple minutes.

So I was hoping I'd get some kind of movement just before nine 15.

It's times like this, when I'm looking at a chart and obviously as it being

in a trade, I look at it as, okay.

Now, if I was short, would I be comfortable with what

I'm seeing and admittedly.

I wouldn't, I personally wouldn't and I'm not trying to talk myself into the trades.

It's I would not want to be, uh, I wouldn't want to

be short for where I'm at.

Look into the chart.

Now, I suspect that this I'm going to want to dry through, even at the, again,

at the minimum, just drive above, make a newer high, higher high, rather for the

day that would be reasonably expected.

That's really all I'm waiting for.

I don't want to kill the video.

And the live presentation until we get at least up to this high cause then I

can trim some of the stuff so you can see it and I'll give you verbal instructions

as to how I'm going to manage it.

And then you guys can follow along on Twitter, through chart.

So I'm going to be, I'm going to be splicing this video of all

the dead space where no time is.

Uh, her talk, hear me talking.

I'm going to be just editing all that out and just scrubbing through.

So that way it's not a long daunting watching paint dry,

but this is what trainings, this is what training like man, you

get in there and you sometimes you got to sit around and wait.

And if we were sitting here for the entire trading day, believe

me, you'd get really bored.

I don't have that much to talk about.

Cause I can't, I can't focus and write.

Really surprised the dollar index has not swept at 99, 12 level.

If we see dollar stay flat, like it is here.

And dollar cat runs up and hits 35, 25.

I'll take the whole position off there, but we see dollar index

running and it clears 99, 12 at the same time, or just after we

start seeing the move up into 1 35.

If we see it at all, there's no guarantee I'm seeing one 30.

$1 cat.

I'm just speaking optimistically.

And in the event that the trade starts to pan out in my favor,

and then I'll take only partials.

I'll take, I'll take half off still, but if we see lethargic price action, or if

the dollar starts to drop off or it's index on the left-hand side, while the

dowel cat is rallying up into that 35 level, then I'll take 75% of the trades.

Or 80% of the trade-off, whatever one I can finesse and leave a little piece

on the, see if I can get that, uh, 36 60 going into the rest of the week.

If we get to 34 98, we want to see.

Aggressive expansion on the upside to 35, 25.

I have my order ready to execute removing half of the long position.

I want to see if we do in fact, get expansion above 1 30, 4 98.

So I want to see it aggressively trade higher in big range.

Once it hits 1 30, 4 98, hopefully 1 35 big figure gets it excited

in any run, any spread price up to 1 35, 25 and 1 30, 5 30.

If it does that, I'll peel off half the position.

I got one standard lot on I'll take one half of that off and I'll

leave the remaining balance to see if we can get anything higher

going into 11 o'clock this morning.

Just about.

I don't want, I don't want to see is it trade up above the 1 35 big

figure and then soup, in other words, reject and aggressively so off.

And that's what I'm sitting here.

Wondering if I should take half off on 20 pips above that and

let the remaining balance run

the perils of the live trading.

Yeah, again, we're watching this level on here.

If it hits that 34 98 and higher, it should really run

quick up into that 35 25 level

'cause once it takes out 35 big figure.

There's no stops until you get above the old high back here.

So who are they going to sell their lungs?

And once we get above 35 big figure, the only willing buyers above their

entry is about this high here.

So we'll be looking for that to be paired up or in other

words, see price drive up there.

That's the expectation.

So far dollars helping us daily chart on left-hand side.

It's the dollar index I'm watching the down candle.

The key price at bay dropping so far, we just tapped into it.

We don't want to see it go below that midway point in here.

Okay.

It needs to expand aggressively in here now, Kansas poke its head

above the, uh, the 34 98 level.

Okay.

So we're above the initial days high.

So we should be seeing it run to 35, 25.

I'm going to take half of mine off.

And leave the rest to go.

I have a one PIP stop-loss so that knocks me out.

I'm okay with that, the remaining balance, all of that role and see what it gives me.

I want to see if it can reach up to 35 30,

we get up to 35, 25.

My staff will go to 35.

Keep your eye on a dollar index on the left hand side, you want

to see that drive-through 99, 12

Euro setup.

We were talking about earlier dollar index getting ready to blow out 99, 12.

Cables bucking the trend.

Like we were talking about

that.

Wasn't my set up for today.

I was focusing primarily on the dollar cat.

Uh, the reason why I took the position off here.

Well, the time of day, the fact that the environment is highly

charged because of the us election.

It's been rather long in, uh, the length of time the trades been on

before positive, uh, movement was in my favor and we just pressed

into a new, higher, daily high.

So the longer, it stays here without running up there.

That's not good.

So I want to take my profits and scale off something you paid.

You're always going to be up against it, likelihood of you being wrong.

So if that's the case and we are all, we're all human, we're all

going to likely read it wrong or do something wrong, execute wrong.

So when you have opportunity to get paid, That's why we're in this industry, right?

Or here to make money.

When I ain't here to be smart.

When I ain't here to be proving that we can pull the actual high

and low out, we just need that meat, that lines portion in between.

And as long as we can find that every single time we'd

take a trade, it is what it is.

You get paid at this point.

If it comes down and runs my stop, I could care less because the conditions have

proven themselves a little less favorable.

Once the execution was made on the trade.

You're at no, you're no position of control.

So you have to either submit to time and let the trade pan out or lose your

frigging mind and collapse the trade.

Or we're just going to panic state.

Hopefully the, uh, the market will loosen up a little bit.

Yeah.

Next week, we'll get a little bit more movement, but right now it's

just, it seems very skiddish.

Like you, we can see the levels it wants to go to, but it's being very reluctant.

Getting there, like it should have already ran right on up into

35, 25 by now, but we still have a little bit of time in his day.

It might be a late day punch up.

But when you take some off the table, it removes all that anxious

feeling because you've paid yourself.

You you've given yourself a reward for, for doing the, uh, the risk on the trade.

I mentioned earlier, why I believed that the British pound wouldn't

see lower prices that would hold in it arrange or move higher.

Because we have this open range up here, 26 90.

So I think eventually we're going to end up going into that level.

So if that's where ultimately price is going to come in and

close that range, they're not going to permit the pound to drop off.

They're going to keep it in consolidation or trading rate up

into, against the entire market.

And that's why I take profits.

I would not be buying again.

It's too late in the day, either.

Hold what you got or just let it go

again.

The question is, is if the book is long for the market maker at, uh, 32.

32 80 and they know they got by stuff's above this old high back here.

Why would they this limit the move here and scale everything off and not run 35,

25 when they know they have buyers higher than we're at where we're at right now.

So that's, that's the internal dialogue that the ICT mindset is.

You know, if I have the market, you know, I have all this open

profit as a market maker down here.

Now sitting on speaking hypothetical, I'm not saying I have a long down here.

I'm the same as a role-playing model, where you look at price,

you obviously have to see this as smart money, long positions here.

We don't, we can't go back in time and trade that, but we can use it to

reference and frame out the context of the general market right now.

So while yes, it went above this old high and I take, I've taken rather,

you have to position off the thought processes because I can be wrong.

I can be wrong about their expectation and they can withstand

a lot deeper retracement.

And then still, ultimately come back up to that 1 35, 30 or 1 35, 25 level.

I'm not willing to do that from my entry point here.

So I have to get paid where it can allow me.

Uh, profitable level.

And when it reached this initial high here, it makes sense

for me to take profits there because I could still be wrong.

How many times have I shown you an examples of why I take profits early?

Because if this is where I expect the market to go to, it could go right to

where it's done now and in trade softer.

And then next week go right up into 37, you know, 1 37 new big figure.

So your trade doesn't have the, uh, the pocket.

So whether that many times, especially if you're trading the way I'm framing mine.

So I need to be more nimble to see if I'm day trading.

So the question is, am I concerned about the five minute breaker or

I'm sorry, the five minute or block?

Um, think it gives what I know because the five minutes or blog has no basis of

strength or it's not parent to liquidity.

It's seen above those stocks.

I'm sorry, above the 1 35, 25 w has more strength behind it.

The real orders that will be residing about 1 35, 25 or a down

candle on a five minute chart.

Clearly the orders above that high at 1 35 25.

So I don't concern myself.

The intraday, you know, five minute charts or woman in charge,

or even a 15 minute charts.

You know, if I know that liquidity is resting above the marketplace,

I'm more sensitive to time.

That's what I'm watching at this point.

Now I'm want to see how much time we have left in a day.

And does it have the room to drive up in there without collapsing?

This is the part that makes trading very difficult, seeing things

that would otherwise look like a reason to get out, or because of

what you're doing is, is you're.

When you're fearful, you'll be looking for evidence to justify that.

And that's why I said, you know, fear is F E R it's false

evidence appearing as reality.

And if you are submitting to fear and not submitting to time, because you're

going to submit to one or the other, either you submit to fear, you're going to

find every reason why you're not, you're not insane that you're not going crazy.

There's a reason for you to be fearful and you going to go in

there and looking for every reason why you should be out of that.

And that's what causes 9% losing even when they have the right trade on.

So to me, I could care less.

What happens now?

You know, it could, it could go right up here and hit 35, 25 and keep on running.

And, um, I look like a hero.

Great.

If it comes down and hits my stop.

I executed exactly how I wanted to execute based on the information

that was given to me in charts.

And that's the benefit of taking profits.

Again, listening to folks to tell you that it's the stupidest thing in the world.

Those people are not net positive.

They're not profitable.

Believe me.

If they did that, they would be making.

You know, always going to get the best outcome for your trade and your

trades, not always gonna pan out.

So with that in mind, it will be better myopic for you to assume

that all your trades have to get full profit for full-stop.

When, when the balancing act is you're assuming an immeasurable

amount of risk, but in an ideal world, you really don't want to lose.

If there's a way for you to see the trade you dissolve before that the

outcome where your stock gets hit, then you obviously want to take advantage

of that, but you also want to be able to submit to the willingness of the

marketplace to go to where the higher level liquidity is going to be, because

that's where the market's going.

It has nothing to do with the lower timeframes, the higher timeframes that's

where all the money that's the orders.

That's the actual orders that would be residing.

So if they have a net long book, it just makes perfect sense for them to

want to drive it up above that 35 25 level, because there's going to be

willing buyers above where we're at now.

So if they can be buying at a higher price than the current market price and

their book is long, it's a no brainer.

You just simply have to wait for it.

Problem is sometimes that trade idea won't pan out from the entry

point you've taken a trade at, and that takes a lot of balancing and

understanding as far as market structure.

And it just takes experience.

That's the part you get by watching me do it.

And I can't show it to you in examples after the fact, because it's not

the same thing as dynamically going through, like this thing has, has

been like, uh, a root canal today.

All right, folks, let's take a look at the, my effects book.

You guys can see where we're at today.

At a long trade on dollar CAD and took partial profits off just above the

initial, uh, entry high scaled off had the position and the remaining

balance was stopped for one PIP.

And that brings me with the, this month,

two, 1.35%.

And obviously last last month is what you see here.

So we're going to be trying to tack on that.

Hopefully by the end of the month, I want to show at least

a 10% increase in the equity.

Uh, but my goal was to have 25% increase.

By the end of this month.

So it's just the first trade of the month because we were

waiting for the U S elections and today's, uh, trading improved.

My it's a little difficult right now, why I've been sitting on my hands.

So that's my accountability for this week.

So you guys can take a look at that and.

Yeah, 66.51%.

So that's it.

Just give you an accountability.