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Welcome back folks.
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This is recap for February 16th, 2017.
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Okay.
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When a dollar index on the left-hand side,
we have a daily sharp right-hand sides.
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The four hour, uh, we had our 1 0
6 level hit yesterday and it has
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rejected and we didn't order block
the outlined with the opening.
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We hit that also intraday.
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So over objectives so far
are being hit for dollar.
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Uh, we have a liquidity.
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Resting just below the bodies of these
candles in the form of rejection blocks.
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So if we continue to drop down, we
will be seeing a trade below these
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bodies and maybe even make another
run for the main threshold of this
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last down candle before the move.
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So we'll be looking for a move $1 index to
the level of 99 point 95 to 99 point 90.
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Um, if we get some support
formed off of this or block.
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Uh, it needs to show it tomorrow
and then carry over into Monday.
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If we trade through it again, be
things indicating that we're going
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to probably want to reach down.
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All right.
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So we have hit our
intra-day objective of 144.
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It's paused right there and
that's also put the brakes on
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the upside on gold and silver.
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We'll take a look at the Euro dollar now.
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Okay.
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Euro hit our 1 0 6 80 level had
indicated intraday during the live set.
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Oh, six 80 and today's high
came in at exactly at 1 0 6 80.
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So really nice to see a price expand right
up to a level called roof before the fact.
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And we have, again, the dollar
sitting at a potential order block.
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Now I did not like this as a bearish order
block, but I do like this as a breaker.
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So anything that we see bears here
is not going to be on the heels
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of this being this up candle,
being a bearish order block.
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I'm more inclined to expect a pause or
rotate lower if it can, based on the
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breaker here, the last down, calibrate
for the up mood, taking a short-term high.
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So we'll see if it has any
continuation on the outside.
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It may just go into the weekend staying
between 1 0 6 and 1 0 6 80 that could
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potentially echo possibly happens.
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But that one.
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Pound dollar, still a mess.
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Uh, like I said, it's been very difficult
for me to get a read on this pair.
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So I don't have much to say in regards to
this one, I don't know what it's doing.
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So we're going to keep that same
theme and stay on the sidelines.
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There's nothing in here, the
trade off of, so we will be
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sidelined as it relates to lb.
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Us CAD, uh, had my hopes up today thinking
they were blow through that one 30 level.
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Didn't do that.
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It fell short just before it.
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And we're now consolidating again.
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So it's in the same condition as the
pound dollar where it just can't find
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its way out of its current trading range.
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So we still are looking for the
sell side liquidity below one.
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Uh, any upside, I think we'll be mute.
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So it'll be interesting to see what
we do Friday in regards to this level.
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If we get down there at all
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Aldi dollar, we had a little
bit of a run to 77 30.
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I think we had 77 32, um,
77, 77 32, but intraday.
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So we had a price action.
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Response at that 30 level.
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And it has come back down below
the 77 big figure and it tried to
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get back below these equal highs.
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So we had already noted relative
to the daily chart that it
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needs to stay for the balls.
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It needs to stay above this level here.
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And it could come down to these
last two down candles, the opening
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on this candle being 76, 79, or
basically 76, 80 that's permissible.
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And it didn't didn't get down
there, but it still could.
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So we have to be mindful that.
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To Friday's trading, uh, still
upside objective, the 77 50 77 45.
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Uh, again, the mean threshold
is at 76 55 for the bulls that
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has to be treated above that.
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Once it gets to this point here,
it's going to make a run for the
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sell side liquidity day gold.
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We have seen our objective
intraday as well.
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For this one.
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We had 1240 as an upside clearing
in the bodies of the candle.
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It did trade up there today,
went through a little bit.
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The high today came in and.
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12 42, 2 and easily hit
our objective intraday.
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Nice response off yesterday's
level called the 1217.
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So really nice.
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Over 2000 plus potential dollars in net.
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Uh, short term, little set up.
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We're looking for a continuation
up to that 1250 level, unless we
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break below this down candles.
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And that comes in the form of 1226.
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So price has to stay above that
level to be bullish for the bowls.
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Silver, a little creeping crawl.
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Uh, we're still looking
for 1820 an object.
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Uh, if we get an expansion and could
see 1850, but I'm only looking for
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1820, and then we'll see what we can
see after we get there, if at all.
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So, um, bulls need to stay above the
opening on this candle here at 1795.
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So basically 1800.
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And that's it.
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Folks.
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I'm going to close it here.
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We will be back again tomorrow at 8:00 AM.
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Eastern standard time, New York time,
and we'll have another live session and.
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Again, your two recordings will be online
tomorrow at 8:00 PM, New York time.
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And again, also as a reminder
again, in here, I know folks, but
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when I post the material tomorrow
eating and every Friday, once I post
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that, I'm generally off the clock.
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I don't want to be answering
any emails and I don't want.
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Uh, dealing with anything with the
form or anything with the mentorship.
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I kind of like want to unplug and allow
my, my mind to calm down and settle down
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and be able to spend time with my family.
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So if you do reach out to me over the
weekend and I don't get to you, it's not
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because I'm trying to ignore you or trying
to be rude or not, you know, business.
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Like I just I'm treating that
like that's my off duty time.
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So you pay for my time
between Monday through Friday.
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So it just, I just want to gently remind
you that because I have a few folks.
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I understand.
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You're really ambitious.
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Okay.
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But you got to allow me some
free time and it's going to be
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between Friday and Mondays opening
at the live session that we do.
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Okay.
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So I'm going to wish you a pleasant
evening and I will see you all tomorrow
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in a live session or by recording.
9878
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