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