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Welcome back folks.
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This is a installment
for January 11th, 2017.
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Okay.
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We're going to go over to the forum
and we're going to look at a few
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things that I gave you on Monday.
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Here's the dollar index for
Monday's posting, and I gave you
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some insights about this level
here, which is the mean threshold.
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We watched that for.
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I gave you this level here one or 2 52,
and I gave you the 1 0 2 94 level, which
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is really the level on this candle is low.
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And then this candle is high.
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So we, I, we identified this
area in here where price had been
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delivered on the downside and we
were expecting buy-side delivery.
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They come in close that
range in for fair value gap.
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And if we were to see price
break significantly below this
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low here, we would look for
that gap to be a breakaway gap.
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Uh, price actually came up there and
filled it in rather handsomely today.
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Let's take a quick look at that.
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This is the price action for today.
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We opened, traded
exactly up to that level.
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The high comes in and.
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One or 2 95, the low on this
candle comes in at 100, 2 95.
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Again, this is a daily chart folks.
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The main threshold we mapped
out comes in at 1 0 1 27.
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The low comes in at 1 0 1 26.
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You can't get much closer than that.
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Okay.
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So for folks that are all bent out
of shape, because you're not learning
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how to intraday trade 15 times a
week, the same stuff is applicable
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to these higher timeframe charts,
but you have to see it pan out.
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If you don't allow it to do that and
learn from it, you're going to be
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chasing stuff on the lower timeframes.
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Okay.
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We had to fair value gap closed in here.
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Perfectly price has been
completely bounced out.
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Now we have south high
liquidity in here to work with.
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We have the sell stops below here.
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We have cell stops below here and now
we're going to be monitoring the bodies
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over here for the sell SaaS below them.
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Uh, gave you the Eurodollar.
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Monday.
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And I said, we would be looking
for buy-side delivery, likely up
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here for fair value gap as well.
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And also we were looking for the
south side of price to be delivered
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between these two price points here,
this candles high, this candles below.
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So we would expect to see price
come down in here and then reach up.
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Or if I can up to this point, and
then we look for it to come back
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down to here, but we're looking for
indications that the price is going
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to be drawn to a institutional level
from the higher timeframe perspective.
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So if you're looking at price like this,
it gives you specific areas at which price
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will act like a magnet and be drawn to it.
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Okay.
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So let's take a look at what the Euro did.
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Okay.
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Here's the.
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Price trades down.
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Doesn't quite get down to the very
low or very high this candle here.
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And it comes in at 1 0 4 47.
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The low for today comes in at 1 0
4 54, so real close, but not quite
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down there to the site to precise
point in which we saw with the dollar
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index on both sides of the market.
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Upside potential still in the
cards for the 1 0 7, 10 to 107
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20 big figure on Euro dollar.
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And let's take a look at
what cable was shown to you.
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Okay.
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Here's cable.
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This is the chart that was
shown to you on Monday.
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And we had Southside liquidity on here.
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This was September 28th opening,
and I didn't have it on the chart
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here, but the Wix Lowe was the next.
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Level at which the downside, but
equally we'll be resting below.
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Let's take a look at
what the cable did today.
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Okay.
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Here's what cable did today?
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Price opened up, traded down.
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Below that opening price.
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Again, expanded down below previous
days, low and down below this level
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here, which I'm going to show you.
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It's these two equal lows and the
next one would have been here.
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It didn't quite get below that, uh,
actually got real close to it, but never
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gotten there and quickly rejected and
then trade it back up to this level here.
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We had noted on our charts as well.
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So this would be a.
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Key level of watch on the upside and
downside objectives were the sell side
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liquidity pools that will be resting.
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These wicks over here.
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And then this one over here,
say, look at what CAD did.
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Okay.
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Here's the Canadian dollar.
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Uh, we watched this stay in
a small little consolidation.
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Uh, if we rally up, we
would look for a sell off.
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And then on the downside, we were
looking for 1 31 27, which is a mood
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just below the bodies of these candles.
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And just for clarity sake, you can see the
lowest movement below these candles, body.
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I would suggest a run
on south side liquidity.
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It doesn't need to go through the Wix.
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Let's take a look at what dollar CAD
did as a result of this given to you.
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On Monday cases.
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What we saw today on the dollar CAD,
the market expands up rejects comes
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down and nails that 1 31 27 level
moves just below the bodies over
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here, and then rejects quickly off.
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Really nice.
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Um, example what it looks like
this time of year, where the market
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will just reach for the liquidity
and pull back into the range.
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And lastly, we'll take a
look at the Aussie dollar.
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Okay.
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And let's take a look at
the Aussie dollar Monday.
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This is the level that we were
looking for as the upside 73 80.
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And I'm gonna take you
over to the chart for.
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Yesterday and Tuesday Aussie dollar.
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And this was including
that same level here.
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This is zoomed in a little bit more
than I drew your attention to this level
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of period, which if we traded through
it, which was the expectation that we
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would see the delivery on price that
was only offered on the downside would
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be rebalanced with a movement back up.
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So anything moved on a lower level
price swing should be rebounds out with
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the up price swing and it happened.
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As we see here, let's take a look at what
the Australian dollar showed price did.
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In fact, go up, hit this as well.
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Rather, handsomely this down candle,
we talked about the likelihood of that
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offering support in the form of a bull
shorter block had respect off of it.
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Here quickly snapped right through all of
these down candles sell side delivery has
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been rebalanced out for a move through.
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So all of this is buy-side
delivery on price.
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So any downloads.
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Again, has to be bounced
out with up movement.
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So hopefully this has been insightful
to you guys and encouraging for all of
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you, um, that we are watching higher
timeframe charts, but the levels
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and the ideas that were identifying
before the fact are in fact unfolding.
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So we have these types of things going
forward every single month, we're going
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to apply all these things that help us get
to the, uh, the narrative behind price.
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What makes it go higher?
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What makes it go lower?
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Why isn't it moving?
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Going forward.
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We're going to be using everything
we apply for January and amplifying
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everything that you learn in all
their disciplines of the ICT content.
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I have a video for you tonight.
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It's going to be teaching how to use
the app, the Rangers, and until then,
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I wish you good luck and good trading.
11596
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