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Good.
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Any folks.
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Okay.
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We're going to be doing a quick review
of this past week is the dollar index.
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This is the daily chart.
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And again, while we go through
January content, we will primarily
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only be referring to daily charts.
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We had a fair value gap that we
were identifying here between.
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And this candle here, price with
deliberately upside traded down south
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side delivery was offered, but there
was a gap in between this candle
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is high and this candle is low.
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So no buy-side delivery was offered
until this candle here hit it perfectly.
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You can not get any better than
that in terms of precision, the low
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comes in at 1 0 2 95 and the high
comes in on this candle at 1 0 2 95.
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And we are looking for the
move down into these wicks.
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That will be a move below.
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These bodies for rejection block.
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South side delivery was offered to the
PIP, this wick here to this WIC here.
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So we had the weekly range identified
before the fact that we had an
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expansion either way we would have
been looking for the next level on
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the open float of one, the 3 81.
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And then the cell side down here, but,
uh, we mentioned that price may still
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in fact, stay in and consolidation.
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We're going into the
inauguration next week.
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So we'll be looking for probably much
of the same thing until we get to, uh,
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having a final resolution to Obama's
presidency ending let's cross our fingers
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and Donald Trump, obviously coming
in to make a showing of some kind.
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So we have the range that we can
arrange, identify that we're here
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really nice opportunity to see price
being delivered efficiently and
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precise, going over to the Euro dollar.
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Uh, we were expecting similar
things that occur here.
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Um, the buy-side delivery was only
offered to this point here, leaving
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this shaded area of this down, move
on this candle exposed still it's
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only been offered on the sell side.
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In other words, price has only been
going down in between this range.
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So the remaining portion of the
upside still has room to close in
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at 25 pips, as it's indicated here.
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And the low, the, uh, the week was just
five pips, short of closing in this fair
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value gap where the sell side delivery
would have been expected to fill in.
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It was only five pips away.
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Um, so again, the weekly range here.
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And you're probably wondering, well,
what's the significance of all this.
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This is going to help you.
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When we get into the one shot,
one kill short-term trades, uh,
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where we can identify the weekly,
high and low before the fact
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where they most likely will occur.
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So you saw an example of that this week,
while there was no trading, uh, the
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analysis concepts that I'm teaching you
help get you to the end, resolve a known.
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The weekly range should be, because
if you don't know that and you can't
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effectively inefficiently trade, the
one shot, one kill setups, cable,
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um, lack luster consolidating week.
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Uh, we did see it price trade
down below these equal lows.
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I was expecting to go
down below this low here.
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It didn't do that.
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Um, and we traded right back
in the middle of the range, the
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middle range of the weekly hot.
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And the weekly low, all the buyers of the
candles clustering around everything's
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back into a state of indecision.
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So personally I would have rather seen
it trade lower because that way, if
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we were consolidating here, I would
expect it to start making a run for the
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buy-side liquidity, Southside liquidity.
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Still rest below this,
this low, over here.
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And more specifically Ballou this WIC.
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Um, I think if we do trade back down
there one more time and we get back
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to the levels for treating a here, we
will be making a run for the buy-side
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liquidity and potentially even making
a run back up into this fractal high.
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00:04:06,675 --> 00:04:12,945
So it's largely depends on what we see
as a result again, after January 20th,
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my personal opinion, I think we're going
to see something, um, Some tomfoolery
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or some shenanigans, if you will.
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Um, and it's going to cost some market
activity this week and I hope I'm wrong,
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but, uh, I think they're going to pull
some funny business this week and if it
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doesn't happen, then hopefully that'll
be the big relief and the markets
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will start moving around dollar CAD.
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Um, it's all price trade down
below the wicks and the bodies
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of the candles this week.
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And we traded down below these equals.
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And here sell-side liquidity has been
taken here and then price quickly rejected
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back in the range, um, on the upside.
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Should we see some movement?
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We have a fair value gap up here.
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Price has been delivered on
the sell side all through here.
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No buy-side delivery at all
since breaking this low.
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So only down candles have
passed through the shaded area.
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We would expect to see price move
back up, and then at 1 33 65 range,
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and then potentially even go up
and a little bit more into the.
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If we see some bullshit, that would be a
breaker, mean threshold of the breaker.
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00:05:17,835 --> 00:05:19,905
So we could see a 1 3300.
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Uh, 1 30, 3 80 in that range as
an upside, should we see dollar
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CAD, uh, start to move higher?
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00:05:26,205 --> 00:05:29,655
Um, there is a mitigation block that
we would expect to see some measure
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00:05:29,655 --> 00:05:31,965
of resistance at, should it happen?
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Um, we would be watching this up
candle as short-term support in
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that scenario, but right now it's
just the forecasting and something.
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That's having your notes right now.
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Again, everything is still up in the air.
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It could literally go either
direction based on the dollar index
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and where all the other currencies
thus far, your, a dollar in Caleb.
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For the Aussie dollar, we saw the
market trade higher up closing this gap.
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We traded all the way above the buyers of
these candles and it still looks like we
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got 75, 25 by sat liquidity in the cards.
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00:06:03,205 --> 00:06:08,035
So we may see that happen to be blown out
on Sundays opening or Monday's trading.
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00:06:09,085 --> 00:06:13,225
You can see all the, uh, the details
here, uh, down candle, which is
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supportive of old down candle
on the south side of the curve.
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Then we had price come down and hit that.
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Down Canada, which is a bullet sort
of block this candle here, validated
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this down Canada as a bull, shorter
block price traded down into it here.
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And then one more time.
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And here with the wick and price explodes
on the outside, this equilibrium reference
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point is referenced on this down candle.
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I'm using the body open.
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The close 50% of that range
is the mean threshold.
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That's what it's hitting here.
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During an area of consolidation.
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You want to look for that in your,
in your studies, it'd be price action
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and expansion away from that obvious
logical area is the buy-side above here
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in going back a little bit further.
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Uh, we have a short term
highest, still think is suspect.
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So it may want to take that out as well.
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00:06:59,715 --> 00:07:02,745
And that's what I see for Aussie,
uh, that does have a little
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00:07:02,745 --> 00:07:03,705
bit with directional play.
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The only one that thus
far in a Europe panel.
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00:07:07,950 --> 00:07:09,660
Uh, we were at a premium market.
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00:07:09,780 --> 00:07:12,690
Uh, last week we traded to it a
little bit of a fair value gap.
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00:07:12,720 --> 00:07:14,430
Price has only been delivered
on the downside here.
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00:07:14,580 --> 00:07:17,220
So I think we're going to probably
see some green candles or moving
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up into that level around 0.8.
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80 or thereabouts.
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And if we continue to roll through,
and if I'm accurate in my assumptions
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00:07:25,680 --> 00:07:28,980
here that the market maker by profiles
in play, we have consolidation
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breakdown, smart round reversal, or
risk by accumulation re accumulation.
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00:07:33,510 --> 00:07:37,469
And then we should see price trade
above that 90, 40 level or distribution
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cycle above device, liquidity,
arresting both these equal highs.
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And you see these wicks here,
but we forget about those.
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And we're focusing primarily
on the, on the buys.
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The two handles.
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00:07:47,570 --> 00:07:49,849
So it's a little bit of sit
on your hands and wait still.
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And we got one more week
to get through folks.
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And once that's done, we'll be back
to a little bit more liquid trading
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00:07:55,640 --> 00:07:58,669
and hopefully we'll have a lot more
prognostication as a result of that.
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00:07:59,060 --> 00:08:01,489
And until next week, I wish
you good luck and good trading.
12558
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