Original subtitles

All right.

So this is what we got coming up a couple of minutes.

We have the GP for a Euro, and then we have 4:30 AM.

We have British pound, a CPI, and at 5:00 AM, we have inflation report

hearings, have the zoo and flashy P four Euro at 5:00 AM, New York, eight 30.

We have core retail sales and to high impact drivers for the dollar.

So we should see some volatility today

for accountability.

See we're in drawl down, finally happening.

So I am down 5.29%.

Hey, we're keeping it real.

So I have a little bit of work this week to get this rectified.

My leveraging is still at one half of one standard or five minis,

and let's go over to charts.

Keisha, be seen the dollar index.

Thank you very much for that.

Okay.

Now I'm gonna tuck you guys over in the corner.

Certainly focus on what we had to talk about today.

Cause I don't want it to be a long drawn out session.

We're going to be busy with, uh,

two sessions today.

All right.

So will the dollar index maximize this chart for a moment?

We clear out these old highs yesterday and we show note, follow through yet.

We had this old high back here.

That's probably going to be hit this week, if not.

Uh, and the first half of the week here before Wednesday's London.

If we soup.

In other words, we've cleared these highs.

If we retraced today,

that's the level that we're looking for on the downside and above us,

we're looking for 100 point 52, which is a sweep above it's old high.

And again, we have a very nice.

A series of up close days here, not one down close yet.

Euro we've cleared this low out here.

Have you ever come down and closing the range?

When I was 6 87, sit downside upside

1 0 8 25 to 130.

I like where we are with this, uh, this pear down candle, uh, we've had

short short-term high violated here, come back down into the where block

a and this low has been respecting this down candle or inside of the most

sensitive part of this down candle here.

And basically it's a midway point of the accumulation that would be seen here.

And if I can finesse an entry today on this, I'm still looking for that 26 98.

Uh, until we lose this level on the bottom and green shaded area, and

that comes in the form of 24, 36.

If we lose that, that changes my bullets, miss.

so far dollar still under accumulation.

He saw IRO or fiber pick higher highs here.

Didn't see the lower, low on dollar.

We're going to consolidations that.

We're going to press up a little bit more.

Uh, if we go above, um, let's go back out to this.

There's a respect of bear, shorter blocks, upside objectives for initial daily highs.

If we get above 1 0 8, I'm sorry, 100.08, looking for one $20 20 for us up here.

liquidity below the low here on CAD.

Very clean levels here.

So we're probably gonna mention like the dropdown $1 CAD,

which is another reason why I think we're going to press up to

one of these other blocks here

and cause a short-term below.

I'm not trying to, again, I'm not trying to pick a top, but if I get to

one of these levels here and we get

some support on the idea of Euro or cable today,

buy-side liquidity up here.

It's still too tight of a range per dollar,

able to shut up to 100 or 100.08.

I would have already went long on cable

or fiber.

Hasn't done what I need to see on dollar yet.

So I had to sit on my hands

by side liquidity.

Well, this high here.

One of the seven 60 pair of sugar block.

Don't see that so much as a bare shorter block of see the liquidity

both here that be aiming for not just a return to fair value.

I just don't like that at all.

Way.

Way, way too.

It's perfectly straight across 1, 2, 3, 4, 5, huh?

Exactly the same.

His candle breaks this down candle here.

That'd be returned to bullet shorter block to it has to trade back

down into it before I can go long.

That is the plan for today, by the way.

And I'm trying to nail down one shot, one kill it's Tuesday.

The framework is here on the daily.

So if I can get a full day's range out of this,

don't do a handsome job of reducing a good percentage.

Not all maybe, but a good percentage of the draw down on George yesterday.

I liked the fact that we have an all lower.

We violated that low here with running out sell side liquidity, we rallied up,

came back, found some support, rallied again through pro market structure here,

we're down, back into the original point of this low was already seen some, a

willingness to while rally so far, the down candle hasn't been violated yet.

And that's okay because we've not seen what I would rather have seen,

but these equal highs taken out.

So they left these 100 level my stops in place.

And it's a little

disenchanting.

Correct.

Now I was hoping that the two o'clock news driver would drive it up into

one of these order blocks here, the consolidation and drop down.

Leads me to believe that we're probably going to see a little

bit more of an upside intraday

buy-side liquidity, chest, and striking distance above this high

Southside liquidity.

About to get taken here.

So far, cable's still dragging its feet.

A dollar CAD.

Oops.

Wrong one still hasn't taken its cell stops yet.

I like to, I like this low down here on dollar cat, lot of layered liquidity

on the sell side below these lows,

south stops are going.

People are the low here and with clean days out now,

is there going to be follow through?

That's what I'm looking for.

And we're going to see cell stops below the lows here on dollar taken.

Here's to move up one British pound

25, 1 25 25, 1 25 30 initial objective on the outside for the day.

If we see continuation weakness, $1

sell side liquidity.

Sorry.

You've been breached looking and see if there's any expansion down in here.

Yeah, the opening price at midnight.

24 81

and the high on this candle, 24 83.

So we've seen the willingness to want to go higher.

Let's see if, if will come back on.

Well, I retrade back into 24, 84 to one, uh, 1 24 80.

That will be a long entry for a run to 1 25, 24.

Nice new, but so far on your Euro dollar yet to expand through.

And we're getting a little bit more of it now, but don't want to see

any buying off of this down candle.

I want to see it just drive right on through here.

Now looking at the daily chart for the cable, which can

USD to be on the left side.

Uh, looking at this chart, I'm assuming

right now, the opening here and we've since moved to lower.

Um, I'm looking at that movement here.

Hold on one second.

I have a down candle.

Um, let's we've been seeing the buying and accumulation.

Look at this down candle here.

And imagine this opening this down move as did Judas and a higher

close on the day that we have

1 25, 60 as an outside objective, relative to the daily pair, shorter block.

So if we see continuation on the outside today, we still

have plenty of range in here.

If it's becomes a bullish candle, which is my expectation, but today

watch this little equal high in here.

I'd like to see it snap here and then come back one more time here and hit it.

And then that's my long entry.

I don't get it here.

I'll look for something that, uh, around the 5:00 AM my time.

Nice movements telling your a dollar that's much better clarinet

out, very handsomely game.

We all want to see any respect of this down candle in terms

of football, shorter block,

Delek had retrade back to the old, low wanting to expand lower.

Again.

We're watching down here more specifically aiming for this low rate.

They are 1 34 84.

So once 3, 4 80 downside per dollar CAD.

I'll take 1 24, 84.

He doesn't have to get to 24 80.

That's this high here.

24 83.

So if it goes to a 24 84, I'll take that as a long, we do it for 24 25.

Start with go 1 24 64.

Which would be below the clothes or this thing down candle.

again, I'm trading the daily chart over here.

I'm not trading the intraday chart, even though I'm using it to, for timing

purposes, the opening is here 24 81.

I'm trying to enter as close as I can to the opening.

Ideally it would have been below the opening,

the equal highs and dollar here.

Here's what I was not liking.

Otherwise I would already been in.

23 pips.

This is the initial objective I'm looking for here.

Like to see it get about here.

And that puts us just below that daily open on this last candle

open, it comes in at 1 25 61 to early exit 25 60,

and then we have this level up here.

I like, I liked the gap fill.

So I think what I'm going to do is I'm actually going to

take and put my limit into

that candle right there, which would clear out these equal highs.

That was my that's my final exit on whatever balance I have.

It says 90 pips.

I won't have full position off at that point.

I'm gonna take a half off about this high, if I can get it

and I'll leave the balance on for the remainder

I am tempted to hold it for the whole, the whole thing though.

I'm thinking out loud because, um, the, my effects, uh, book showed you to

the draw down I absorbed yesterday.

So that would be a big chunk of yesterday's drawl down,

completely removed on Hampton.

So we'll see what kind of movement we get.

If we get up to 1 25, 25

so far, we've taken a buy-side liquidity here.

We want to see it run through and show notes.

No respect.

Oh, 25 12.

So we want to see a clean, legal through 25 15 and expand

aggressively through 1 25 25.

And that's this week's objective for right now.

I don't want to get too ambitious beyond that.

All right.

So this is what I'm trying to get your eyes to understand what I'm trading is.

This is the opening here at midnight.

My time in New York, there's a drop down.

From that price level here, the opening and drops down into an order block.

That's this opening the drop down.

My expectation is we're going to expand the opening price.

Here's the opening price here.

We've already moved above it.

So right now, if this was a daily chart, open high, low close bar,

this is a little skewed because it's using the opening at 8:00 PM my time.

But I'm viewing this as the opens here, jobs down immigrant, expand up and

have an up-close unexpecting, all this range between the opening here, which

is seen here on the, on the 15 minute.

I'm expecting the range.

And again, imagining what I'm showing you here is a depiction of a daily chart

candle or open high, low close bar.

This is what I'm expecting.

So this close is basically 10 o'clock to 11 o'clock in the morning.

My time, this range from the opening to 10 o'clock in the morning, my time,

all that is what I'm expecting to see happen here in price, expanding up.

So this candle, all it has to do is get above 25 15, and then this

candle becomes a bullish candle.

It no longer will be a bear's candle anymore.

So that's how I'm trading on trading off the daily chart with the expectation

of using intraday volatility.

And this level here, a 1 25 25, it's only 10 pips of both what will be necessary

to turn that bearish candle on a daily.

And if we get that, I'm hoping that will expand up above this high here and

clear out these highs into the weekly.

Yeah.

I don't want to, I don't want to demand all that.

It doesn't have to do all that for me to repair some of the drawdown.

What are these highs?

If we can clear all these cell stops and come down to here and below here,

down to this open 34 75, that might be the catalyst for them to come out all

up here to take out the 35 90 by stop.

okay.

I want to see it expand on the outside from here.

I don't want to see it hanging around here anymore.

I want to see it expand and start moving up into this area here, because price

has been delivered on the sell side.

All these down candles.

We're looking for price to come back.

And basically paint some green candles on this range up here.

You put this in graphic form so you can see it.

okay.

So from this candles, opening up candle here.

Let me see me a little bit more because I know some of you guys are

watching this stuff on a smartphone, why you would be doing that.

It's been beyond me, but you got to sneak around your boss, I guess, with

the, uh, up handle here where I'm using the opening and drawing all that price

action down here to the short-term.

So price has been delivered all down here on down candles.

So we're going to be looking for price to paint for print.

Okay.

Up candles, no words it's been delivered from this point here all

down to institutional order flow, suggest that we're going to see the

market come up here and close in that.

So it's at the very minimum.

I'm looking for an opportunity really to get up to 25 12.

That's why I'm expecting the rains to expand in here because we've

already cleared the stops so far.

It's not showing any willingness to get back below the opening

of today's open at midnight.

And I want to see, uh, uh, uh, drive higher up in concert

with what we saw on Euro.

We saw this market run above the buy stops as we were looking for.

Uh, it's pausing here.

I want to see it now start to run the higher.

Dollar can stay in a consolidation in here or weaker.

That's okay.

I just don't want to see it.

Come back up here to make the run on these equal highs.

If we don't see much ground gap, uh, gained on my long one pound, that'll be

concerning for me because I think we'll end up having this has been a wash out or

wash out the lows on a cable at 5:00 AM.

So I want to see them at least try to get up here, because if we can do that,

I maybe taking something off at that opening and not requiring so much up here.

So again, what we're doing is we're watching these down candles.

That's the range.

We want to see that come back up and trade in through all

this and fill in all this area.

It's only been delivered on the downside.

We want to see have green candles and it doesn't have, it doesn't mean

it has to have all up green candles through here, and it can create a

down candle or two, not likely, but it doesn't mean that that negates it.

What we're saying is this the price going to be offered on the upside as it's

trading higher, it's giving the market a opportunity in the form of liquidity,

by closing in all this down move.

So inefficient market move again, not sharing this before in the past,

if our down candles are black

or whatever your chemo color is for your down candle.

Hey, my up candle and my charts are always typically.

It price has been deliberate in a range and it's this?

No, it's an any timeframe really, but we're looking at this

range on the 15 minute chart.

It price has been predominantly treated on a downside and a range

institutional order flow will deliver price on a, up, move all through there.

And it'll close in that entire range.

That's the expectation and how I look for price action and move

into specific levels or areas.

So when I'm looking at price, I think about it in terms of like

this conceptually, I'm not looking at it to have these ranges on the

chart and it helps you while you're training yourself and then do it.

But you don't, you don't need it eventually over time.

Again, the opening is 24 81 saw this is still.

It's normal.

It's nothing to be concerned about.

What would be concerning is if it drew down below 24, 75 or

24 70, that would be not good.

And again, if we get a run on Euro dollar, that will be a

support for the long on the pound dollar.

And let's take a look at SMT

so far.

We got good cemetery.

We have a lower, low on the dollar index and higher high on Euro.

So that's good.

That needs to change.

We have the lower low here.

We should be seeing the higher high, some looking for this to catch up.

Now let's make a run on this old high.

So I'm using the cable as the, the laggard, no words, zero gave me

the reason to expect higher prices on cable and weakness on dollar.

And the range is more favorable for upside on cable since it hadn't moved up yet,

that that's the reason why I elected to go with a pound dollar.

You're took off too quick for me to get, get on board

again.

I'm not trying to pick the low in time, the ultimate low here.

It says we're just due for an up-close of some sort and intraday rally.

Is all this necessary to get paid.

And my primary goal is to take a chunk off the drawdown.

If I can get you 30, 40% of it to 50% of it off today using

hand deposition done great.

That's that's my goal.

I'm not trying to force it all in one day to come back to me,

turning back to the opening price, midnight candle

only concerning.

If we go to the bulwark 24 74.

I want to see this candle lose its

bullishness and drive down below this down.

Candle deck is a green light for cable to really rally till we sit

on it until we get through this down candle cables going to Hammond

hall, which I don't want to see it.

Because that means I got to wait all the way to five o'clock in the morning

to get something off on the tree.

I don't like these equal highs in here.

I don't like that.

So it needs to stay away from it just for the, just for today and drive down through

here, come down and get below here.

And then it can come back up here later in the week for these, if

they want, that'd be fine for me.

If we're gonna be talking about imposing our will.

Now, remember we were talking about this yesterday and I can't recall if it

was the, almost certain it was the New York session, but we had this low here.

Let me draw this out radically, as you can get.

Better feel for when I'm going to explain.

Okay.

Over here, price me to low sell stops are going to be below that

low day, drive down through it.

If they're going to drive the cell stops and they gonna offer liquidity,

that means they're going to be booking the other side of that.

So they're going to be buying up.

The cell stops.

They create another low in here.

What's going to raise the I below that.

Well, cell stops.

They drive down through it, accumulate those seen orders

in the form of cell stops.

So they're buying it from them.

So they bought here.

They bought here.

Price right now, changes bullish.

You've taken out a short-term high after Lowe's had been accumulated here.

And this low here has been bought up.

Now we're seeing price expand on the upside.

So now they have a book that's net long below this low and below this low.

So that's what I'm saying.

We have room for this to expand up because if they assumed the counterparty

or the buy side for the cell stops to become activated, remember they were

cell stops, but low, this low, when they drove through those cell stops become

market orders to sell at the market.

So who's going to buy it from them to provide liquidity, the smart money.

Well, they have positions at that point now they don't want to take them off here.

Okay.

It doesn't that doesn't benefit.

They want to, they want to take the positions they bought here

and unload them at a higher price.

And that could be above these equal highs or back above here in the gap.

So that's institutional workflow.

How, how price is being delivered.

The IPTA will give the opportunity for smart money to do that.

Very thing, provide the liquidity on the sell side here and here, but then it'll

deliver price on the upside, all through the areas where it's been down candles.

That's where price will drive to allow the unloading of what was used for

providing liquidity for sell stops.

It'll give the opportunity for the smart money to unload at a favorable price.

Now, before it became electronic and automated, it was all driven by

manual pricing to the market maker.

Actually start offering pricing here at higher prices, regardless of how

many people were wanting to buy it or sell it, the price would just

continuously be offered and eventually sentiment would change because.

The offer would keep going higher and higher and higher and higher and

higher eventually what would happen?

You know, what it feels like you ended up chasing it, you buy it.

And that would be what them selling it to those individuals.

They keep seeing price driving higher, higher, higher.

That's why the whole imbalance, like for instance, when Chris Laurie talks about

that, that's the part I agreed with when he teaches his portion of price action.

But there's other things that go along with all that.

And that's what I fill in the gaps with.

Maybe what I just described here, that's the behind the scenes mechanics of

what, why price goes, where it goes.

I think the Queens after me now.

Three o'clock.

So I'm about 10 minutes away.

It's usually a nice turning point for London.

to think same thing we were saying earlier,

they have net longs in here below that low and below that low price has

been delivered on a downside all here.

So we would look for reasonably expect price to get up into that area, tow

out and opportunity for these longs.

They use to be counterparty for the cell styles here.

With the price moving below that previous low here and all this range in here.

So now kind of think of it like a,

well, let me, let me pull it off on saying what I was going to call it,

but just so you know, well, I was going to say, cause it's going to

drive you nuts, but I don't say it.

A market maker by profile.

We have a consolidation in here and move away or we can have the

consolidation here and move away.

I like that one better consolidations here, who break down, come back to the

consolidation, distribution, smart money, reversal, low risk by re accumulation.

And then we'll clear out this consolidation and trade up

in here, close this range in.

So all the down candles here, that's where it will want to

drive up into in the framework and context behind why I believe that.

It's what we described over here below these old lows to see those

cells, thoughts become, um, exercised and onwards, um, to allow traders

to see their self stop, be utilized.

If you will, they have to have to have a counterparty.

And when price drives through that, and we see an old, well, we know

that the counterparty is going to be smart money 90% of the time.

And if you're in your broker, uh, pool of liquidity, most of the time, it's going

to be your broker now because they have a book below this low and this low here,

we're basically unchanged at that level.

So we know that there's going to be a good chance that they're gonna want to

dry price, higher, relatively equal highs.

And we still have that gap on the weeks open.

Well, I'm doing some getting yesterday's range, seeing where your

halfway point on that is 9, 9 58.

So we would ideally like to see 99, 58 lose ground.

That's essentially, that would have blocked.

We were talking about since the beginning of this session to, we definitely

want to see that lose any support.

We lose that.

Then the dollar will look to potentially trade down a little bit deeper

with cell stops molar here in here.

Overlay,

I use it to compare.

Relative strength, and it's not relative strength, but the RSI

indicator it's, I'm plotting price against another currency, not words

to dollars, this candlestick chart.

And this is a line basis on the British pound USD.

What I'm seeing is the lack of making a higher high here

with the lower low here.

Wow.

Fix it here.

Here it is.

We saw a price, one Euro.

Make its higher high here while the key, uh, the dollar

index, I mean it's lower, low.

So we do have symmetry with the Euro

I just don't like that.

do I get the favor?

Oh, the queen.

With this down candle, put my stop below the body, that

candle that's where it's at.

Be nice to see it.

Expand down here, mitigating any longs they had in here.

Your doll looks nice.

Certainly looks like it wants to run higher up into that area.

Got shaded.

Yeah, I was just telling my wife the other day, you know, the

queen has probably one of the most loveliest ladies I've ever seen.

If you can get word to her and let her know, I said that.

Nine out of the woods yet.

We're only at the opening again still.

So I need to get through that and go higher.

All right.

The three o'clock effect.

You want to have three o'clock always in New York time when your charts, usually

it creates a really nice, um, higher, low in the foreign exchange market and

looking for, uh, drive higher in Euro and drive higher in cable and continuation

lower don't want to, I don't want to see it get, but back about this consolidation

in here, I want to see it expand down.

At this point, that's the only thing that's gonna save me for my law.

We have this in here.

We don't want to see this go higher.

So the idea is all the longs they used and here to make price go higher.

I want to see them mitigate that here because they're underwater at this point.

So now they're using this opportunity here.

My I'm thinking this as my internal dialogue, I'm getting a read hopefully

on what if that would be doing now.

It should expand away from that and reach with the liquidity below.

And that would hopefully give me enough room to reduce the

stops brisk on the cable along,

you got to trade with the market gives you, and I was hoping that

it was going to give me a little bit of a drop down on Euro dollar.

That would have been the one totally went long.

One

based on a two o'clock news release.

But as you see it didn't give that I couldn't catch anything,

but, uh, you're a dollar.

So I had to use the pound.

Could see expansion here on your own dollar.

That would be good

dollar CAD reaching for liquidity below these lows in here.

So you're a dollar should be running hard here or up against an intraday hide.

It's already formed today.

So it, if it's going to run it should do it in here.

Everything above these equal highs, we have small speed bump potentially

at 1 7 85 to one or seven 90.

Looking for a dollar to drive down below these lows.

that was Bella.

If you heard her, she didn't write up only snoring, like a lumberjack.

We really like to see 99, 40 fives taken on dollar,

see price, not just shoot below here, but go down all the way down here.

That will be really good.

I want to gain some ground on the long, the cable.

That way I can weather and have some wiggle room for the five o'clock

news releases that are coming out in an hour and 45 minutes, which I

don't intend to be on here that long.

I'm trying to get.

At least confirmation that we're back above the opening price on cable, and then

I will close the session and to stop where it is and babysit it through Twitter.

7 87 to 1 0 7 90.

Next upside liquidity on.

Premiere.

It's all expansion into 1 0 8 1 8 2 5 to eight 10.

And then we'll be in the range that we defined earlier all through here.

And then going back for the gap

at Sunday's opening.

I'm watching these lows in here and how much movement we have through

them, because they're still sitting at that order block right here.

And I'll really want to see this one, give up the ghost

and not pull up price anymore.

I want to see this down candle lead violated entirely.

Well, it's encouraging.

At least at this point,

you would need to really drive higher above the short term high.