Original subtitles

Welcome back folks.

Hope you had a pleasant weekend.

I had a very busy weekend preparing lessons for you, so you'll have.

10 teachings delivered to you this week.

So that way we'll complete the content delivery for January.

And then next Tuesday you'll have the study notes.

PDF are released to you on the form.

So a lot of study time ahead of you.

Okay.

So that way I have all the lessons to you, you know, give you this weekend.

And Monday and Tuesday to study, we're going to have a very brief.

Live session next Tuesday.

So I won't add into, uh, any of the Euro required study time.

So that way you can provide me a satisfaction agreement that you did

in fact, get the content that was promised to you for January, 2017.

All right.

So let's take a look at the dollar index.

This is a daily chart.

Okay.

And just as a reminder for folks, when I give you.

The levels to be watching.

Okay.

These are not trade advisements.

They're not, um, they're not panaceas okay.

They're meant for you to study.

They're meant for you to watch and see how price behaves after we've outlined them.

Now I'm showing you where the liquidity pools are on the daily

chart, showing you what side of the marketplace should be drawn.

Okay.

In other words, I'm giving you my opinion as to what side I personally

believe it's going to go, but I'm trying not to give you too much.

Things to analyze.

I want you to study on a day by day basis because this is the thing you

have to submit to watching the daily candles, paint, watching them form over

the period of a week or several weeks.

And watching these levels know a drawing.

Our analysis was, or my specific analysis was the dollar index was in

a consolidation with a downward bias.

Okay.

We didn't want to see upside it.

Wasn't likely to see upside.

We were focusing primarily on these equal lows.

That's what we've been focusing on.

Okay.

So two gentlemen, okay.

Have been sending me emails and I'm going to reply to you openly here.

When we do these charts and I share them every day, I give lots of space.

Okay.

For you, make your notations.

So when you print your charts out, you should be printing them out.

When I give them to you as, um, daily log entries for where I see the bias I

liquidity in the south side, liquidity, uh, the argument was posed to me.

Well, I'm never wrong when I do this, because it's either going

to go up or it's going to go down.

Uh, you got to start paying a little bit more attention to.

The videos.

They're not long videos or matter of factored less than 10 minutes now.

So when I give you my opinion about what I think the market's doing, I'm

actually telling you to directional bias, where specifically is it aiming for?

That's where the liquidity pools are.

If it's going to be going higher, it's going up.

It's going down.

It's going down here.

Okay.

So for the dollar index, we've been narrow consolidated sideways with a

downside bias reaching specifically for the liquidity pool, resting

below these bodies of these candles.

Okay.

You can see we're just one tip away from that today.

The low come in at 100 point 17.

Because they're equal body candles in here.

We know that there's a liquidity pool resting below that and the wicks

are to be discounted, not concerned too much about where price may go

relative to the Wix, so that we also clear out the bodies over here.

And I think that's the reason why we've stalled.

Initially.

I think maybe this may be some false hope that we're going to

find some support back here.

So we have a liquidity run here on the lows.

We have equal body candles over here that we're attacking.

And that's what we're going to expect to see, uh, transpire going into Asia and

London and into New York session tomorrow.

Now what we do after that, that's what I'm waiting to see, because I don't know

genuinely, um, what we'll, we'll see.

Um, personally, I'd like to see some continuation, uh,

the blow out, at least a WIC.

So 99, 45 is a likely downside objective, and that would really

feel, uh, foreign currencies to rally.

You're a dollar.

We've had this same thing in the mirror image of the dollar index.

We looking at these equal bodied candles here, and we know buy-side,

liquidity's resting just above that.

And this is where we have been eyeballing.

We've been looking for this side.

Okay.

We have not been looking for the sell off that go down here

for the south side liquidity.

We're seeing price continuously, press for.

Okay.

Going into the buy-side liquidity.

Okay.

So it just fell short of that.

Also today today's high come in and.

1 0, 7 56.

So just a few pips short of running up through the body's equal highs in here,

not the wicks, just the bodies of those candles that we're focused on primarily.

Okay.

So we've been focusing primarily on the buy-side delivery on price.

We're looking for price to move up into this level here.

So what does that mean for you as a trader that studying, using this

higher timeframe chart you want to be focusing on the delivery of price, how

often it wants to go higher, how much price action is delivered on the down.

And the continuous movement towards this higher timeframe, liquidity

pool that's resting rate above here.

Okay.

So again, we've mentioned that we were looking for the sell side of

liquidity on the dollar index price has been going lower for dollar index.

We mentioned that we're targeting the buy-side liquidity up here.

Okay.

For a year, a dollar.

And you're a dollar has been trading higher every day since then.

Okay.

We've been talking about it.

For over two weeks and you can see primary uptrend on price has been in

fact, what we've outlined a steady March towards this area up here.

Okay.

Moving over to the cable.

We identified the buy-side liquidity.

Now I did have this level down here.

Okay.

Originally, but I moved it up here for today's presentation.

I'm going to take that off as a marker right now, south side liquidity,

rest below these lows in here.

Now I'm also referencing the fact that we had this.

This is the, these are the types of the observations you

should be having in your charts.

So it's kinda like have a catch-up, uh, uh, session for you today.

We have a down candle right before a little move up.

Okay.

So whenever you have a down candle and a candle trades above that high, that

validates that as institutional buying.

So they were hedging.

You can see that candles open in the form of a bull shorter blocks supports

this whole price action in here.

This is the sell side of the curve.

Now we're on the buy side of the curve.

Okay.

And we were attacking the buy-side liquidity.

Go back and watch the video.

Okay.

Listen, it's not meant to give you trades.

Okay.

It's meant to give you directional bias and also help you frame out higher

timeframe context behind the marketplace.

What causes the trades to form?

Why is the market moving?

It's moving based on these hard timeframe levels by stops above these highs.

Back up into this order block here, we were focusing primarily on

move above these candles in here.

That's what we were focusing on and the market didn't in fact, wind

up in a trade through that here.

Rather impressively here, Southside liquidity, rest below the lows in here.

Next upside objective for buy-side liquidity comes in the form of, and

we'll make notations added to it now.

Okay.

Now, why am I using the body of this candle here?

We had this candle delivered price on the upside.

We had price deliver on the downside.

So this is completely balanced out.

Okay.

So I'm not looking at this.

The imbalance would occur with the last up candle here, this

little candle here as well.

I could draw it on the bottom of that, but to get to that point,

we've already delivered by sides.

Uh, price here.

So I would be looking for price to want to reach up here with strength

at 25 95, and then potentially up in the mid point of that.

Now looking at these equal highs up here.

Now, some of you probably think, well that doesn't look equal to me,

Michael it's to me, they're very close to one another, but look closer.

What do you see?

Anything jump off the chart.

This is what should be in your charts.

Every day.

We will be printing the cable chart.

This notation should be Ray in here.

I'm going to show you what a horizontal line, most highest valley of the candles.

This one here, this one is equal and this one's a little bit short.

So there's a liquidity pool resting just above these equal body highs.

Again, disregard the Wix.

Okay.

That's going to be delivery per stop runs.

And that's where the brokers operate most of their business models, but ran in here.

The bodies of the candles is what we're focusing primarily on because

that's where the bulk of the liquid.

And it's just also the equal high appears while.

So there's a lot of focus on that 27 27 level.

So basically 27, 30 to 27 80.

Okay.

On the daily chart, there could be a reach up into that range, but

we're targeting at this moment.

We're looking for 27, 27 here for long-term continuation for cable

and next again, that's on the heels.

If we continuously see dollar week.

All right.

Looking at the Canadian dollar.

Okay.

Dollar cat.

We saw price, nicely handsomely react off of the main threshold

of this mitigation block.

That was bearish, perfect price delivery.

You can't ask for any better than that.

And we've seen weakness since then.

Now we have to be mindful of this area in here.

Okay.

Prices delivered on the downside.

This open on this candle, traded lower and then rejected it.

So the price was delivered on the south side to that point, and obviously all

the way down through this candle here.

So we run a frame out an area which price could want to return to fill in.

So we have fair value gap in here.

Price has only been delivered on the ups.

After breaking this low.

So we have all this area in here.

Can you say you 32 53

and 3,109.

So price could drop down into that and closing this fair value gap

with this one candle going up.

Okay.

What we're saying is, is price has only been delivered on the upside.

No down candles have happened since this movement up above this down candle.

So this order block is valid at 31 90.

We could close in this gap.

Between 32 53 and 31 90.

But does that, we could possibly see some bounds or consolidation

to continue on dollar cat.

Um, that's what I'm looking at for right now.

I don't see anything outside of that.

Um, buy-side liquidity rests above this high and sell side liquidity rests at a

mean threshold of this last down candle.

So we could be, uh, we should see 31 20 maintain any downside pressure.

If it gives us 31 20.

Then what we're going to look for continuation and could go lower on dollar

cat, but it just looks like we're going to be in a consolidation for this pair.

Oh, see dollar.

Okay.

We had last week, we had a target of 0.7, five 80.

You can see that we pretty much essentially hit that and

nothing else has been delivered.

Um, very powerful, uh, example, Y over here.

This high is where the biceps will be resting all this price action.

Look how much there's been delivered back and forth.

Okay.

So this is pretty much, even though it's been lower, it's pretty much

balanced out, no imbalances there.

And that's why we saw 75 80 delivered and nothing been explosive beyond that.

And we just been hanging around this level.

Uh, I'm uncertain as to where we're going to go for Aussie dollar at this

moment, we're going to be watching gold to see if there's any influences that we

gleaned from that market to see all these.

Future price, movement and Euro pound.

Uh, we moved down below the buys of his canceling here, take out the

south side liquidity and that's gone and we'll probably deliver price to,

um, well, we got two levels in here.

We can watch,

we have the main threshold of.

This down candle and I'm eyeballing it.

So it may be a little off just to save time.

I've only had not using the fib.

Uh, so we could use, uh, 85, 65 as a mean threshold below that we're going

to be looking for Southside liquidity below the body of that candle right

here that comes in the form of 8,497.

So 84 95 south liquidity rests in the marketplace.

Buy-side liquidity moves back to this area here so we can keep this one up here.

That's the longer term.

We have buy-side liquidity delivered if we get to 88 80.

So there's our, uh, arrange on our daily chart and which side of

the marketplace does it look like?

It wants to pull towards, it looks like it wants to get down to here

and we'll see if it does that.

In fact, uh, be careful.

We could see some rejection in here, especially if cable slows

down and consolidates allowing us dollar to consolidate as well.

We can probably see a Euro dollar rally in that condition and closing that little gap

here because price has only been delivered on the downside, unless it becomes a

breakaway cap or an exhaustion gap.

If that's the case, then we will probably see much more continuation.

And these lows down in here violated and wanted to see what

we see going forward in this week.

Uh, real quick with gold.

Um, we'd still have that little gap.

Great in here on this down candle, this high and this low, that frames

that, so we would look for price to be delivered up to that range.

Silver real quick as well.

We have a little bit of a liquidity pool that would be arresting just above 1750.

So that could be an upside objective for.

The silver market and that's all I got for you today.

Folks, I will see you all tomorrow at 10:00 AM.

Eastern time for the New York, uh, session time live session, bring a new pad.

We're gonna be talking about some important subject matter

until then, which good luck and.