Original subtitles

Welcome back folks.

This is recap for February 16th, 2017.

Okay.

When a dollar index on the left-hand side, we have a daily sharp right-hand sides.

The four hour, uh, we had our 1 0 6 level hit yesterday and it has

rejected and we didn't order block the outlined with the opening.

We hit that also intraday.

So over objectives so far are being hit for dollar.

Uh, we have a liquidity.

Resting just below the bodies of these candles in the form of rejection blocks.

So if we continue to drop down, we will be seeing a trade below these

bodies and maybe even make another run for the main threshold of this

last down candle before the move.

So we'll be looking for a move $1 index to the level of 99 point 95 to 99 point 90.

Um, if we get some support formed off of this or block.

Uh, it needs to show it tomorrow and then carry over into Monday.

If we trade through it again, be things indicating that we're going

to probably want to reach down.

All right.

So we have hit our intra-day objective of 144.

It's paused right there and that's also put the brakes on

the upside on gold and silver.

We'll take a look at the Euro dollar now.

Okay.

Euro hit our 1 0 6 80 level had indicated intraday during the live set.

Oh, six 80 and today's high came in at exactly at 1 0 6 80.

So really nice to see a price expand right up to a level called roof before the fact.

And we have, again, the dollar sitting at a potential order block.

Now I did not like this as a bearish order block, but I do like this as a breaker.

So anything that we see bears here is not going to be on the heels

of this being this up candle, being a bearish order block.

I'm more inclined to expect a pause or rotate lower if it can, based on the

breaker here, the last down, calibrate for the up mood, taking a short-term high.

So we'll see if it has any continuation on the outside.

It may just go into the weekend staying between 1 0 6 and 1 0 6 80 that could

potentially echo possibly happens.

But that one.

Pound dollar, still a mess.

Uh, like I said, it's been very difficult for me to get a read on this pair.

So I don't have much to say in regards to this one, I don't know what it's doing.

So we're going to keep that same theme and stay on the sidelines.

There's nothing in here, the trade off of, so we will be

sidelined as it relates to lb.

Us CAD, uh, had my hopes up today thinking they were blow through that one 30 level.

Didn't do that.

It fell short just before it.

And we're now consolidating again.

So it's in the same condition as the pound dollar where it just can't find

its way out of its current trading range.

So we still are looking for the sell side liquidity below one.

Uh, any upside, I think we'll be mute.

So it'll be interesting to see what we do Friday in regards to this level.

If we get down there at all

Aldi dollar, we had a little bit of a run to 77 30.

I think we had 77 32, um, 77, 77 32, but intraday.

So we had a price action.

Response at that 30 level.

And it has come back down below the 77 big figure and it tried to

get back below these equal highs.

So we had already noted relative to the daily chart that it

needs to stay for the balls.

It needs to stay above this level here.

And it could come down to these last two down candles, the opening

on this candle being 76, 79, or basically 76, 80 that's permissible.

And it didn't didn't get down there, but it still could.

So we have to be mindful that.

To Friday's trading, uh, still upside objective, the 77 50 77 45.

Uh, again, the mean threshold is at 76 55 for the bulls that

has to be treated above that.

Once it gets to this point here, it's going to make a run for the

sell side liquidity day gold.

We have seen our objective intraday as well.

For this one.

We had 1240 as an upside clearing in the bodies of the candle.

It did trade up there today, went through a little bit.

The high today came in and.

12 42, 2 and easily hit our objective intraday.

Nice response off yesterday's level called the 1217.

So really nice.

Over 2000 plus potential dollars in net.

Uh, short term, little set up.

We're looking for a continuation up to that 1250 level, unless we

break below this down candles.

And that comes in the form of 1226.

So price has to stay above that level to be bullish for the bowls.

Silver, a little creeping crawl.

Uh, we're still looking for 1820 an object.

Uh, if we get an expansion and could see 1850, but I'm only looking for

1820, and then we'll see what we can see after we get there, if at all.

So, um, bulls need to stay above the opening on this candle here at 1795.

So basically 1800.

And that's it.

Folks.

I'm going to close it here.

We will be back again tomorrow at 8:00 AM.

Eastern standard time, New York time, and we'll have another live session and.

Again, your two recordings will be online tomorrow at 8:00 PM, New York time.

And again, also as a reminder again, in here, I know folks, but

when I post the material tomorrow eating and every Friday, once I post

that, I'm generally off the clock.

I don't want to be answering any emails and I don't want.

Uh, dealing with anything with the form or anything with the mentorship.

I kind of like want to unplug and allow my, my mind to calm down and settle down

and be able to spend time with my family.

So if you do reach out to me over the weekend and I don't get to you, it's not

because I'm trying to ignore you or trying to be rude or not, you know, business.

Like I just I'm treating that like that's my off duty time.

So you pay for my time between Monday through Friday.

So it just, I just want to gently remind you that because I have a few folks.

I understand.

You're really ambitious.

Okay.

But you got to allow me some free time and it's going to be

between Friday and Mondays opening at the live session that we do.

Okay.

So I'm going to wish you a pleasant evening and I will see you all tomorrow

in a live session or by recording.