Original subtitles

Okay folks.

Welcome back.

We are looking at Tuesday's calendar for November 22nd, 2016.

We have 4:30 AM, British pound public sector, net borrowing, and then we have

6:30 AM we have an MPC member or speaking?

So it might be a little bit of a, an opportunity in here.

We'll we'll watch it presently we're long Euro dollar via Twitter.

And so we are, uh, we're looking for a run on that 1 0 6 50.

By stop area.

As soon as we poke our head above that, we're going to be

looking to scale something off.

I'm going to be taking two of the three lots I have on off at that point.

It's an insert as soon as we get above here.

And when I was walking, hopefully see it go to 1 0 6 55.

The, I tweet the links guys.

So it's up to you to click on it, registered and get in.

I'm doing it early enough for you to get in.

And I'm prompting you now on the Twitter, but you know, it's beginning.

Now we cleared this area in here.

We had to shake that out a little bit now.

A good distance away from it.

So we want to see it expand up through this old high that's the

next area of logical liquidity.

My entry is based on this last down candle.

It's high.

As right here, this candle was dropping down into it.

My long entry fills there and you got to have the spread almost missed it.

I was reading emails and responding to let me go check the markets real quick

before we get on this live session.

And I'm like, oh, look at Euro.

Yes, I'll be teaching an MTU technique.

Well, I'm teaching you the framework of why you gotta look for a trade

before you even look for an entry.

You gotta have to determine if there is a reason to be buying or selling.

If you don't have that behind it, then entry, signals and techniques

don't mean anything to you.

Canadian dollar.

We're going to look at around eight o'clock in the morning.

We're going to come back for the New York session.

Chris says my entries, your stop-loss ICT and trading me.

That's good.

That's the goal.

You want to be better?

Why did it permit me?

Why am I treating three lights?

Because I only use the 15 PIP stop-loss I mean, the equity

per, per, uh, it allows it.

All right.

So if you look at the four hour on the left hand side, I'm going to be pushing

this, uh, question box out of my way now.

So I can't see anything you're saying.

Wanna be able to focus.

They're this old, low back here.

Now what comes in at 1 0 6 63.

Yeah, 1 0 6 63.

So our expectation is it's going to drive through the next

round five level or zero level.

So I got 1, 2, 6 65, and I have my limit order.

Should we get some kind of a, a real run up here and around 61 pips now

I don't expect it to go right there.

I have it there in case kind of like I have a stop loss as a catastrophic stop.

Like it's the worst I could, uh, be willing to accept as a loss.

I have that same thing when I put my, my limit on when I'm still uncertain

at the refined where I want to get out at, to me, this, this would be

a nice little area to get out at.

If it can just take off and I won't get a chance to get out, and there's

nothing better than a traded you get in.

And he goes way beyond where you thought we're going to go.

That's a real nice feeling.

So I have my, uh, my limit there and I'm going to be using

logical areas to take profits.

First one obviously is we're looking for 100, six fifties to

give up the ghost and OHI back here.

So it's so obvious that it's where it wants to go.

So you'd have to sit back and wait for it to the trade.

Dear.

I want to see it go to 1 0 6 55, just because that's the instructions

I've given folks, which is five pips.

Old.

Hi, let me get that tweet ready.

By the way, when you guys are watching the playback on the recordings, uh, it's

also beneficial for you to remember it.

You can maximize the screen when you maximize the screen.

It goes to high definition.

A lot of folks just watch it when the playback starts and they're unaware

that there's a lower right-hand corner.

There's a little toggle box.

You click on it.

It magnifies it.

On that main pipe, but maximizes it rather.

And that way you get the full HD effect.

Okay.

So we're gonna be looking for a drive through not just poke a head above it.

You want to see it, shoot through it, looking for it to reach to one in 6

55 to one to 6 65, we got to try to start keeping these videos shorter.

It's a lot of work yesterday.

Trim out all that dead space where there's no.

That video was, uh, like two hours long and I reduced it down to like 40 minutes.

Think pound it'll reach up into this area.

One more time.

We were looking at twenty-five 20 level, just fell short of that.

So I want to see it run up air, maybe reject above these highs.

And we have two candles trade up to this level here.

One.

Too.

So you want to try to see price, stay above that level right here.

That's ideal.

So one, a six 40 is okay to do retouch.

Just don't want to see a give back below 35.

You don't want to say, go back below here, raising the stop

up to just above my entry.

It shouldn't return back to that and take one off here.

That news coming out in seven minutes, six minutes or so it

should take a look at this.

You see the response, that's it.

After it goes down to this area here, remember the delivery is only upside

here on this keynotes only upside.

They came back down into that area as well.

Now we're rejecting, you should flip through and drive up into that 100, 6 65.

Okay.

I've taken one off the boat.

1 0, 6 50 tweeted the link to the chart and instructions before actually executed.

So you guys can see, I'm not doing it after trying to be as

transparent as I possibly can.

And fair.

I don't want to, I don't want to do something and say, now do it too.

Next upside on your dollar is 1 0 6 65.

I want to see dollar go down the 155.

And then we'll see if it's going to drop any lower.

I liked the 25, 20 level on cable.

I just don't see a trade there.

Really just going to be a study where this morning stop goes to 1 0 6 $40 stuck

in the mud, not allowing the market to move as efficiently as they should be.

If we run again away from a 106 50, we get to 180 6.

60, I will bring the stop up to one is 6 45 or 40, 40 to lock in

20 points and let it do whatever it wants to do at that point.

Uh, stuck in the mud means, um, it's just not moving around.

It's kind of like trapped.

I was referring to it a dollar earlier.

Let me show you what that comment was there.

We're in this consolidation.

So until we break down through or come back up, we're stuck to, it's going to

have a effect on the foreign currency markets where they can't move efficiently.

No, I haven't started my new, my effects book yet.

I have to create a video show.

What to do and how to set it up.

Otherwise I'll have a million questions.

Why specifically the 100, 6 40 stop-loss, uh, we've already ran into this area

once before that was mentioning as early, the price was delivered on

the up candle here, the next candle, it was delivered on the candle.

Then we moved away from that area and we came back down into this area again.

So the price was delivered on the sell side.

So it should not come back down to that price level again, if

it does the trades no longer.

Good.

And I want to be out at that point and not having my profits erode.

Does that make sense, Kim?

Can you retried to N I'm sorry, can you, can we reenter in New

York reenter for a long Euro?

Well, I mean, our objective was 106 65, so it's kind of like real close

to where we were hoping to see it.

Above 106 65.

I don't have a whole lot in terms of expectations.

I just don't see.

It could, it could easily go above that, but as it is right now, the

only thing I was aiming for really was that 1 0 6 50 by stop area reaching

up into as high as one in 6 65.

I see your question, but I see about 600 of them around it, so I can

only see whatever my eye catches it.

Right.

Click modify leaves the volume section gray and uneditable right.

Click and close taking partial profits.

Is that what you're talking about?

Are you using empty for, okay.

Soon assuming you have the same trade that we have here or whatever,

whatever your entry is, click on your entry level for your, uh, for your

trade entry, double click on that.

And your order ticket window will open up.

You're going to go up to type and go to instant execution.

Okay.

From instant execution, you should see the box light out with this.

Can you see that?

And then you just adjust, like right now I have one long, uh, mini

still, or one long full standard.

So if I want to take partial profits and this is do it now, so you can see it.

I'll take half of that off.

If I click close.

Okay.

It reduces me down to only half of a full standard or five minutes

now to help you my pleasure.

Now I've got to tell everybody what it did.

Okay.

So, so far the cable hasn't moved on.

It's medium impact news.

And I believe it's because we have that speaker coming up at six 30.

So the speaker may drive it up into that 25 20 level.

Um, if they won't let you trail your stop.

Less than 30 pips, I'd go with a different broker.

That's really just being a real ignorant provider.

A mini is one 10th of a full standard lot and a micro is one 10th of a mini.

I don't know how to embed images to Twitter.

John and stop may get hit at this point.

I don't care because I already funded the trade and I don't care.

There's no, there's no emotional.

We've taken profits at logical areas.

We've reduced risk.

We executed, you know, oh, I executed a little late, but uh,

still it's nice to see it pan out.

Oh, if I got to go into my computer and grab files and do all that stuff,

I'll, I'll, I'll never keep up.

When I print a chart from empty four, it gives me a link on this

throw that I was tweeting it as soon as it pops up, like when I print

a chart because gives the option.

And then when I did that, uh, you can't zoom in on the chart.

So I like grabbing that image.

I see here when you watch me do it, and that gives you a zoomable chart.

Um, no.

Um, the question is, is, is, is late execution different from chasing price?

My late execution is I didn't get this by down here.

I had to get it on a higher bullish order block.

Okay.

It's below the opening price, which is here this down candle.

Okay.

So here's the opening price at midnight and below that that's the minimum filter.

If I want to be long, I want to be long one on a particular currency.

I want to be either at, or below the opening price, because I would

expect it to, to expand price.

Huh?

So as long as I'm, I could literally be, I could, I could

have bought it right at this price right here as it was running up.

And while it may look like chasing price there, um, at the, uh, the minimum,

what was the, I guess, what would it be?

The last threshold?

What would be defining a high probability, low risk entry?

Cause as soon as you get on the other side of the opening

price, then you are chasing.

That makes sense.

Yes.

On the four hour over here, these two last two up candles.

I have it sitting up there.

I don't expect it to get there to be quite honest with you, but I have it

up here just in case I got lucky in it.

Really, it really took off.

I'm really focusing more on that one in 6 65.

If we give them reasons to want to go higher at 1 0 6 65, then I'll leave

something to get to this level here.

But.

I'm not so impressed about it.

If we look at the daily chart, I change it to a bar chart.

Actually, I had it wrong.

I needed it.

Now I've got to get this thing out of the way.

Hang on one second.

Hopefully we'll see it run here higher on Euro.

Remember if it starts to run about 1 0 6 60 starts going

to go up to lock in 20 pips.

Okay.

Stop a raised it.

One is 6 47.

Next upside is at 1, 6 65.

I was trying to zoom in, I had it where I could have done it,

but now it's not going to let me, and that's not what I want to do.

I'll have to come back to your question about what I meant about

the opening price and chasing price.

I just want to make sure we follow the rest of this tray, cause I'm going

to end up getting distracted and.

It's not what I want to do.

And again, this is the reason why I don't want to do questions

while we're doing live trades, too many things to juggle at 21 pips.

Now, normally I wouldn't want to did jam the stop-loss up like this, but

because we have a holiday week in the U S and Thanksgiving, it's going to cost.

Volume issues for, uh, for the week.

I want to be able to keep what I earned at the beginning of the week, which is the

reason why I traded on Monday this week.

Uh, usually I don't trade on Mondays, but because of Thursday's Thanksgiving

holiday in the U S um, the U S markets are going to be a thin.

So if it gives you a range in London, You want to try to take as much as

you can out of it and lock in as much as you can when it's given to you.

Otherwise, if we didn't have a holiday this week, I would have left to stop down

a little bit more closer to this area here and let it run comfortably 2, 1, 2, 6 65.

Then see if it had the ability to get up, to get 60 pips out of it.

But because it's a holiday.

I'm not inclined to do that.

So you have to change your, your, uh, thought process

around trading and holidays.

Even if it's not the holiday that you would observe in your own country.

If it's a, if it's a us holiday, it's going to have a lot of

impact because of the dollar.

And it doesn't mean that you won't have trades or setups.

It just means that it's going to have an effect on the trades that you

take in the beginning of the week.

If it gives you an opportunity to give, get profits, take them.

Don't be so greedy about expecting to get a big, huge move that week.

Because many times you won't see that in the few times you do don't think

that that's the normal air on the air.

On the side of lower volume.

It would be foolish for us to, to see this range that's been given and give

back and just not have any profit from it.

That would be.

Whereas normally I would let it run and then allow a little bit of give

back door in the New York session, which I'm not inclined to do today.

All right.

So now it stops there.

If it hits me, I don't care.

I'm locked in at 21 PIP.

So the, uh, the question earlier was, you know, a late entry is

at the same as chasing price.

And I went in to talk about that.

Midnight candle, this blue line, it delineates the midnight candle.

New York in the opening price is too many things lane laying right on it.

Won't let me get the open price, but nonetheless it's you can see it.

It's very well.

It's going to start rather.

Okay, stop.

Stop.

The 21.

Let me go update the Twitter account.

There we go.

Now I can see it.

Cause the order is no longer there.

Uh, the close I'm sorry, the open is 1 0 6 28.

Okay.

Your block down here.

I keyed off of this here.

I could have entered as late as 1 0 6, 28.

As long as my film had been right there.

That's still okay.

Because looking at the daily chart and I'm gonna say this and real close at session.

I'll grab a quick nap before we come back on, um, daily.

All right.

Now I'll leave it just like this.

It will hopefully do exactly what I want to do.

Stay just like that.

Here's the opening price here.

That opening price.

Now watch it right here.

On the right-hand side.

It's given you this opening price on this candle, right there.

Say it's showing the opening at 1 0 6 38, 1 0 6 38.

That's this one.

That's the GMT zero GMT opening right here.

I'm using the midnight New York handle opening, which is here.

Nate.

You want to refer to both of them and I'll teach it why

it's important to look at both.

And why one's favorite over the other.

Imagine this open.

Just being down here a little bit less.

The expectation is if we're bullish on the day and the opening prices here,

the movement down, that's all going to be the accumulation side of APTA.

And then once it flips above the opening price, then it's an expand up.

So you want to be either long at the opening or below it to anything below or

at the opening price is not chasing price.

It's not, it's not chasing it at all because what you're doing is you're

putting it, putting yourself in.

On the side of the marketplace, where Ellipta is allowing

smart mind to accumulate longs.

Anyway, when you enter above your opening price, you really have to

be entering in the New York session.

Only.

You can't be trading long above the opening price until

you get to New York session.

Otherwise you're going to end up probably getting.

With a retracement.

Okay.

So I know, uh, I was asked to repeat that, did that make sense?

Because New York can trade all the way back down to the opening price.

And if you buy it up here before New York sessions kills zone or at a time window,

and we'd like to trade in and you buy long, there you'll have to sit through.

Not always, but sometimes you have to sit through over.

Yeah.

Retracement down that opening price, generally it won't return

back to the opening price.

The best trades don't do that.

The reason why is because they've already expanded away from the

opening price in any one that's short, they don't want to give them

an opportunity to get off of that.

They want to keep them on that, that losing trade and squeeze them on it.

And then I ended up buying it back later on, which is where

they're going to sell their loans.

But why didn't I enter a limit at 1 6 0 6, because I didn't see the trade coming.

I was answering, I'd said this earlier.

I was answering email and it wasn't in the front of the charts when it happened.

So how to use the stuff I teach you to get in line with it.

A couple of people on Twitter is already shared that they

got better entries than I did.

And that's awesome.

I love it.

All right, so let's do this.

I'm going to close.

I'm going to get a nap in and we'll be back around eight o'clock in the morning.

I'll send you the, the link to join in.

I've already prompted everyone on, on Twitter as well.

So let me, uh, let me escape here and I'll give the recordings later on.

I'm not going to mess with it until after we get through these.