All language subtitles for 021717_l EN (F)

Welcome back folks.

Okay.

We're doing a review on overnight.

Action.

Take a look at the dollar index first.

All right.

So we've had our move above that
one-on-one 60 level as noted two days ago.

And we came down to our order block
that said we would probably have.

Oh, draw to this level and it might
be a short-term little bounce in it.

I wasn't terribly
excited about this level.

Um, it'll prove to me that, uh,
it wants to go higher from here.

And so far, it's only been a really quiet
little bounce, which is expected, and we

were expecting some measure of, of Paul's.

If we get below this level again,
we're drawing our attention to the

body, to these candles and therefore
the liquidity pool resting below.

Okay.

Now, before we go into any further
discussion, I want to remind you

that throughout this week we were
mentioning how dollar index is most

likely going to be stuck in a range
relative to its daily timeframe.

And for the most part, we we've done that.

Okay.

Which is making trading for
lack of a better word, more

difficult than it usually is.

Okay.

When the markets are in more white.

Based ranges or if it's in a
trending environment, um, it

makes it very easy to trade.

The levels are more cleaned.

The more discernible, uh, they're obvious
where they're going to react, that the

more, uh, institutional sponsorship
is going to come to the marketplace.

So, um, I'm very encouraged by the number
of emails I received in the last couple

of days about how they have as members
of our community have dialed back.

Frequency in terms of taking demo
trades or, or trying to engage the

marketplace because of this observation.

And they've seen the benefits of
knowing why I talk about it in such

a way where it's not a green light
go pedal to the metal for board, you

know, trying to get in there and try
to find a trade every single day.

Um, I'm also encouraged by the
reception of the January contents.

Yeah, we've bled over into February in
regards to using hard timeframe charts.

And a lot of you have voiced your opinion
about how it was uncomfortable for you

to go down to the lower timeframes.

And that is a sign of maturity because
you're actually you using the information.

Now that means you can see the value
of using these higher timeframe charts.

You're going to keep that going forward
in your development as a career track.

You're going to do, like I said, at
the Mo the bulk of your work is going

to be on these hard timeframe charts.

Cause it gives you all the
setups you're looking for.

So I want to kind of like preface
this session today with that, and

kind of like make that as a bookend
statement that, uh, while we have been.

Blazing hot with the types of
moves that's been happening.

Uh, but the levels are still being
drawn to these higher timeframe charts.

There's still some measure of
prognostication available by them.

There just, isn't a lot of barn
burner, so ups and that's what

happens when you're in a consolidation
or range bound environment.

You have to submit to that.

You can't force it.

You can't force a trade set up.

You can't force an outcome.

And a lot of you are communicating
that observation with me by email.

And I'm very encouraged as a mentor.

So I'm thankful in that regard, because
these are lessons that are hard to teach.

They're very, very hard to communicate.

I can show you examples and Harvey,
I got your email regarding, uh, you

know, what is, uh, uh, a trending
market and a range-bound market.

What does it look like?

Um, it it's as simple as
this, you know, in a camp.

Uh, consecutively higher highs or lower
lows and to stays in a defined range.

And it keeps wanting to come
back to the middle of the range.

That is the classic telltale sign
that is any range or training, trading

arrangement, garment, or consolidation.

And if you have that on a hard
timeframe chart, it forces you as

you'll learn in the short term and
day trading models, it forces you to

be a day trader or sit on your hands.

And as some of you have indicated.

And also some of you have learned
by using the January content.

Some of you don't want to be day
traders and that's wonderful.

It means that you've already
refined what type of trailer

you don't want to be in that.

And some of you, you're going to
spend a lot of time trying to force

yourself to do one shot, one kill
setups when you're probably better

swing traders or some of you are going
to be amazing scalpers or day traders.

And you just, aren't going to be able
to do anything in a hard timeframe, but

you'll use those timeframe levels to
work within the, uh, the lower timeframe.

Uh, So going forward, you know, just be
mindful, you know, that you're learning a

lot and while it may seem like you're not
getting a lot of details, And new Thora.

I saw your email requesting a
rundown, like a top-down checklist.

That's all part of every single model.

So in your PDF notes, every
single month going forward, like

this month is for swing trading.

You'll have a checklist
that you do for everything.

It sets up a swing trade.

What constitutes.

Um, a bullish idea, what constitutes
a bearish idea, and it gives

you a step-by-step process.

It's not a flow chart, but it gives
you deep processes from one thing to

the next, what you should be doing, and
then what the question's going to be.

Well, what's the different
between that and the PDF.

The PDF walks you through every stage
and it gives you decision points.

Whereas the process or checklist
that just gives you that.

The, the, basically the, the outline, if
you will, of what you should be looking

for from the beginning and in the end
and what she would decisions and in

between that's given to you by the PDF.

Okay.

So that's all given to you in August,
but you'll certainly know exactly

what you should be doing as a swing
trader at the end of this month.

And then we'll have, there'll be
an incorporated in your notes.

So if you have that same question, folks
just know that you're going to have

a complete outline as to what you're
doing with the tools for swing trading.

All right.

So dollar, um, it is riding obviously,
um, it used to be, I hated this day,

there was no trading, but now I'm
thankful that it's coming because

it gives me an opportunity to rest.

So, uh, I will be, um, counseling
you to go through your charts

again and see the impact of how.

The dollar being in this consolidation
has affected most of the payers.

And it's been very difficult for
majority of the pairs to find

some, some leg room to move.

And you'll see also that it still
gives you trading opportunities, but

it's going to be a lower timeframe.

And since that's outside the scope of
our monthly content, okay, I have to

resist going down a lower timeframe.

This show you just held.

The short-term and intraday trades
have been this, this week, but

I'll leave that for your own study.

You can do that one on Saturday,
one hour, just go through it.

But don't 20, don't spend too much time
on it because you need to be focusing on

the content that's being shared so far
and revisiting the things in January.

All right.

So the four hour, you can see, we had a
really nice reaction still at that level.

It's a transpose this level
here at a 100 point 44.

And move it over to our four hour chart.

We said, we'd see a low of 100 point 40.

And the low on that candle
comes in that 100 point 41.

So I was off by one PIP.

We said, we'd see a little bit of a
bounce, probably a Paul's in here.

We've had that, nothing
terribly exciting on the upside.

And we didn't see a
ferocious downslide either.

So it's classic.

We're back inside the middle of the range.

Okay.

Defined in here.

If you look at the daily.

Harvey.

This is for you as well.

The,

the bodies of these candles in
here, you want to use the lowest.

And the highest of the body right there.

Okay.

You can see how we're back at equilibrium.

So you that's the 50 level
on the fed again, there's

no magic about the 50 level.

It's just, we use it to, to gauge
or measure where halfway point is.

So we're basically all we did was we went
right back to the middle of the range.

So there's nothing terribly
exciting about this environment.

So you have to either
sit on your hands or.

And we're not in day trading contents that
we have to stay on the sidelines and just

wait for another hard timeframe of which
we treat you to, you know, which we have

to see some movement away from this level.

We're not trying to predict, we don't
know if it's going to go up higher and

we don't know if it's going to go lower,
but we do have a sell side liquidity

pool rate below these bodies, these
candles in the form of rejection block.

So we could see the market most likely
want to draw to this level because

it has the least resistance to.

Much more, uh, ground needs to
be covered to get back above

this high and above these candles
bodies versus what we see here.

Okay.

So we had a really nice rejection at a
level that would, if you didn't know what

we're looking at here, in terms of our
timeframe levels, as I indicated, there's

really nothing up here that would show
you, or, or reason to give you a, um,

an idea to expect this type of center.

But it's nice to see that happen.

We know we had the one-on-one 60 level
there, and that's what I'm encouraged

by, because a lot of you are seeing
the fruits of you studying this.

I wish.

Um, I'll probably have Cody do this.

We'll go through all the emails.

Okay.

And I'll just cut out the one
statement where you're are.

Like verbatim saying the same thing.

I'm so glad you forced us to stay
on a daily timeframe in January.

There is a plethora of you
I'm telling you there's.

That was amazing to see that response
because I was telling my son, I said,

look, we're probably going to lose
half of our membership this month

because they're not going to be seeing
anything except for daily chart.

But the ones that have gone through
the process of studying it and really

just being sober-minded about it.

You're the ones that are
seeing the fruits of it.

Now you see it, you see the power of it,
you see the benefit of it, and that's

exactly what you want us to trade it.

You want very low energy
involved in your analysis.

You don't want all this hyper
decision-making processes as if you have

a lot of things to make a decision about.

Logan said that, does it
compound to your ability to.

So if you have more opportunities
to lose money, guess what that does.

It makes you more likely okay.

To be unsuccessful.

So if we focus on only higher
timeframe levels, relative to a

monthly, weekly, or a daily, it
reduces the number of decisions.

It reduces the number of
opportunities and it's.

Benefiting you, because it gives you
the levels that, which that has the

highest probability of having a reaction,
because that's where institutions

will step in either by, at a level
or some other level, or you'll know

where they're trying to draw price too.

So there's been a paradigm shift
for those that have really submitted

to the study of just focusing on
these higher timeframe charts.

You're just realizing there's
plenty of trades coming up.

We have we're going into lower
timeframe so that we'll have

something every single day.

When we get to those, but right here,
we have to focus on what sets up those

higher power, higher probability trades,
whether it be a short term trade or a day

trade or swing trade, he has to give the
market the opportunity to get to these

levels and set up the framework to, to
propel price higher to, uh, obviously.

Or send it lower to an obvious level,
but right now, because of the condition

and the market profile, and this is
nothing new, I'm not trying to, you know,

pull some kind of shenanigans because
there's nothing I can trade right now.

So I'm going to make up something, go
back to the trading plan development for.

Pre tutorials.

I talk about this.

I talk about market profiling to where it
just makes it difficult to trade where you

have to work within a small little range.

And if you're in those tiny little ranges.

Okay.

And if it's on a daily
chart, what does it indicate?

Think for a moment, if the, if the
dollar index is consolidating on a

daily timeframe, is that indicating.

Indications that the funds have a
directional bias and they're going to

be dull piling in buying or selling.

Absolutely not.

They're on the sidelines, just like you
are being forced to be on the sidelines.

It remembered number one in your notes.

Right now.

Remind yourself, write this out.

Small money cannot push
price, smart money pushes.

And we have to have the number one
key ingredient is displacement.

It has to move.

It has to show us that it wants
to go higher, or it wants to go

lower without that we are neutral.

And that is a winning position.

Every single.

So if we have neutrality in the
marketplace in the form of consolidation

or market profiling and arrange,
as we're indicated here in the

daily timeframe, we mentioned this
beforehand, we didn't get terribly

excited about 101 60 being violated.

I said, you know, if it expands, it has to
go to this level and it has to be dynamic.

Or if we trade back down, it's
probably going to go back to this

range here and it's yes, it's an
older block, but more appropriate.

Defined it's the equilibrium
price point as we just noted.

So again, if it's giving indications
that it wants to go back to the middle

of range, that is not indicative
of smart money pooling its funds

into that, into that market or
into the marketplace as a whole.

So if that is what you're seeing on
your daily timeframe, that's very.

Crucial information to say, okay, I
can not be a swing trader right now.

I have to either be a short
term trader or I have to be a

day trader or I had to scalp.

And if that doesn't fit your Mo your
model as a trader, guess what that does.

It tells you when not to train that's
exactly what we were hoping you would

learn from the content in January.

So if you can't get a swing trade set up,
then you're obviously don't want nothing.

You're waiting.

And that's the part that's going to
make trading hard for you, because if

you are going to be a swing trader,
you're going to be sitting on your

hands a lot, gimme waiting because
they are not frequently set up.

So if you lack patience, it's
going to either form it in you.

Or it's going to force you down
into a lower timeframe model.

Like a short-term trader one shot, one.

And it's nothing there's
nothing wrong with.

That is a lot of things that you're going
to see in the things that we talk about.

The swing trading model they're
applicable to the short term, but there's

some things in the short-term, they
just aren't in the swing trading mile

because it's more time of day centers.

So I believe her dad enough.

So I just want to make
sure you understand it.

Most of you on the right track, you're
doing very well and your development.

And I don't need to tell you that
because you're telling me in your

own emails, but for the few that
are just wondering or pondering, why

is the market not performing well?

Why is it hard to find setups?

Because I forced your
perspective on swing trading.

So don't be upset that
you're not seeing anything.

That's exactly what you're supposed to
be feeling, because I there's nothing

right now to get terribly excited.

And this is the amount now remind,
remind yourself, remove ICT and the

daily dialogues that we have, the
things that you're feeling right now.

These are the observations that you should
be logging in your, in your journal and

reminding yourself when you feel this.

And you see this again, it's indicating
what there is no reason to be in here

forcing a trade because the conditions
are not applicable for Twain or for swing

trades, not in the form of high problems.

So just be content with the fact
that you're on the right track.

And you're trying to think outside
of the level of your understanding

right now, because it's exactly
where it needs to be at.

Don't try to think beyond
what I need to know.

I need to anticipate this, or I
need to know what this needle.

No, you don't do you need to focus
just on what levels are apparent on

monthly, weekly, and daily, and that.

You don't need to create anything new.

You don't have to add to the things
that worry about and decide about if

the levels aren't being traded to.

And they're not showing displacement
and movement away dynamically.

It's telling you everything
you need to know.

It's quiet.

The markets are in a
reserved consolidation.

It's not performance that performing
an expansive and expansive type.

So, I mean, do you have
to sit on your hands?

Let's just swing trader and
there's nothing wrong with that.

You're going to do a lot of
that as a swing trader, you're

going to be waiting for setups.

You're going to wait for
confirmation there's market

movement participants coming in.

That means smart.

Money's really driving prices higher or
lower off of discernible clear levels

on a monthly and weekly and daily basis.

So just again, remind
yourself and your notes.

We are an arrangement on
consolidation relative to the daily.

And that is going to put the, the, the
snare, you know, around the other payers.

It's going to create a very
difficult scenario for them to

want to move in a dynamic way, one
way or the other higher or lower.

So it forces you down into
short-term trader or date.

So if you're going to be more universal in
your approach to trading, and this is more

or less the graduates, uh, view of trading
with my stuff where you can trade all

levels of a timeframe, but I just don't
get terribly excited about, um, long-term

trading and swing trading, unless it's
really set up to move dynamically and.

You'll you'll see the benefits of
that, but when it's like this, okay.

And you're going to be more
universal in your approach.

This tells you exactly what model
of trading you should be doing.

Okay.

Well, it's not good for
long-term right now.

It's not good for swing trading right now.

So I'm going to move my model
down into short term trading,

and then you'll be fine.

You Excel?

No problem.

And then you also learned that in
short term trading, there's something

every single week, regardless of
what profile you're trading in and

in day trading, there's something.

So, again, don't lose, don't
lose sight just because you're

chomping at the big center.

A few of you are really excited and
you want to get in here and you want to

use these new tools and all that, but
don't exchange that for rushing in and

trying to apply something when there's
no real conditions to use it right now.

Okay.

You have the tools, we just don't
have the conditions to apply it.

But you do have the understanding
it's been given to you and shared

with you in regards to why you should
not be trying to trade this model

because of the given conditions.

Right now, we're in a
range-bound consolidation.

It can't expand out of this range
or therefore we can't expect it

to swing more appropriately to
a higher level or lower level.

So it's going right back to
equilibrium and it's staying in this

little, small little consolidation.

So.

Keep that in your mind and don't try
to force something that's not there.

If it's obvious, it's probably a
good deal, but it's pretty set up.

If you have to ponder about it and wonder
is this, this is this that if you have to

second guess yourself, it's probably not a
condition and you need to be training on.

Alright, so that's enough about dollar
let's go over to the year or yeah.

All right.

We mentioned that one or six 80
level, uh, in the form of a breaker

that might put DePaul's on Europe.

It has done.

So we're consolidating still.

And we may chop wood in here a little bit
between the level of 1 0 6 80 and 106 20.

It might hang around in that range.

There's more likely.

Uh, scenario for this to trade up above
the bodies of these candles in here and

trade into a little bit of this down move.

I don't want to get terribly excited
because it's already traded off the

low here, but it may want to run back
up into this bearish or block here.

It may want to go back into that and
recapitalize that for it goes lower.

If it does go lower.

So, I mean by that is this we could do.

This, and I'm highlighting
this candle right here.

So don't think I'm trying
to draw attention over here.

I just want to make sure you can get that.

You can see it.

All right.

So we have this last up
candle rate for the down move.

Uh, we've had it, we traded below
it and came back up to it here.

And then, so we had a
retrade to that order block.

Two times and then moved away to, they may
want to come back up there and hit it one

more time and add more selling and work
off that breaker a little bit more because

we've, we broke this breaker right there.

Okay.

We came up to it here, here, and
then he needed to take some more off.

And that may be what they're reaching for.

So the next level of concern for your
dollar is one oh seven, ten one of

seven, big figure one, a seven, 10
could spike the one who set in 20, but

I wouldn't get too terribly excited
about anything more than that right now.

Cause that would be the main threshold of
the last down candle rate for the up move.

And again, we disregard this one
cause the WIC it's the Ronald stops.

So this is the low.

You want to go back to the heart
of the buy before this high taken

out, which this down move here.

This has a manipulation look through that.

Focus on this down candle here.

And that's, what's going to be
more important, not this WIC

or this little body candle.

It is overlapping relatively in the same
area, but this as a general rule of thumb,

it, isn't going to do that all the time.

It just, in this instance,
it's just an aberration.

It's not really indicative of anything.

Be mindful that this is the
manipulation taking out.

The cell stops below here, but this
short-term high that was violated.

And then the new rejection and
breakdown of market structure that this

down candle is the real focus point.

Okay.

So just be mindful of that.

And it's about mean thresholds
about that 1 0 7 20 level, this for

sake of knowing and completeness,
this has put a fable in here and

measure it and see what it really is.

Yeah, 1 0 7 18.

So basically it's one or seven 20.

So we were only two pips off in
terms of rough eyeballing it.

So it could split to 1 0
7 20 and still be okay.

And then that's the level we need
to see if it gets above that and

starts running, then it's probably
going to be bullish for Euro.

And we'll look to see a run above
this candles close right here

at a one to eight big figure.

I don't see that here.

I think that we're probably
going to be maintaining a range.

Between what we've already
established at 1 0 6 80.

And let's use that level here,
referencing that candles close to

we'll probably trade sideways for a
few more days going into next week.

And then what we see in terms
of directional response, that's

going to be helpful to us.

Um, indicating what the dollar
wants to do and your wants to do.

I'm not really excited about Euro.

I've been mentioning this for a while.

I've been avoiding it.

It's been really sloppy.

And finally, now that's been
communicated into cable.

So when we go to cable, this thing
has continued to be a heart attack.

I mean, it's it doesn't, it
doesn't know what it wants to do.

It's moving all over the place, um, on
a four hour break for those of you new.

My short-term stuff.

You can see some setups, but again, in
terms of swing trading, it's not there,

but there's a lots of day trades and short
term trades in here that has happened.

But I can't talk about those
because it's outside the scope

of our focus for this month.

But in terms of the daily timeframe,
I mean, look at this, we talked about

that likelihood, this possibly moving
sideways, and it's been exactly to.

Sloppy spiked up spike down, but
look at the bodies of the candles,

basically consolidate all in a range.

Now I've got excited this morning.

I got up and I saw it expanding down here.

And actually I was looking really at
the low and it was all gold face candle.

I'm like, okay, now it's
probably going to move out of

this range and that'll help us.

Cause I don't care.

And neither should you as a trader,
what direction it wants to move in.

I'm not brand loyal on that.

You know, pro bear pro bear bull.

I don't care what side the
marketplace wants to trade on.

I just needed to move.

If it can't move them, you know,
we don't have an opportunity.

So if we continue to stay in this range,
that makes it difficult for cable.

So we have to look
elsewhere and puts us in.

Like I said, we were watching
the metals markets this week and

we were watching all the dollar.

So we have.

Two times it traded down into this
high, here with a buys, these candles,

we hit it here once we hit it here
in today, again, twice today, small

little bounce, but again, we left equal
lows here and we also had the bodies

on this low here that we watching.

So we have the lower, the
two is the openness candle.

That's 1 23 74.

So we'll probably most likely
want to see it expand down into.

Going into London clothes today.

It may want to run down into that,
uh, this candles opening, and also

clear out the closest left in place.

Um, folks are looking at
this with trend line ideas.

Okay.

You can see a high, a
lower high, lower high.

Okay.

That's something I don't like.

I don't like that because that to
me is what we talked about in the

mentorship where we're in a range.

Um, Yeah.

If we see the breakdown on a dollar
index and say the dollar index makes

a run for let's go back to that.

It makes it run for these
sell side liquidity out here.

What that means for cable is they'll
probably want to come back up and crack

through this suppose it bears trendline.

So everyone's looking at this and
saying, okay, this isn't now the down.

So if you draw a trendline on here
and I'll leave that to you and your

platforms, because I don't like to
show a dial and trendlines, am I

invariably going to have a screen
capture and put it on the internet?

ICT does trig what turn lines?

No, I don't.

But the, the, uh, the level I think
here is being communicate to perfect.

And I think they'll probably want to
come back up here and snap through

that, just to break the backs of
those that want to be short sellers.

And it could still go lower after that.

You know, if the dollar comes down and
runs out those sales stops and then

goes a bullish from there, that would
be an indication for, um, uh, a rally

that needs to be faded for cable.

And we had small little runs on
liquidity above this short-term high.

We had one in.

Okay, but in terms of intermediate term
market structure, these highs, I'd like to

see one of those get broken because it's
too, it's too uniform too, too neat and

tidy inside of the larger consolidation,
which to me always is suspected.

They'll probably want to come back up and
run that doesn't happen to happen today,

but just be mindful of that next week.

Just keep that in the car
to the potential scenario.

And again, that's on the heels
of the going down into that

sell side liquidity on dollar.

On a daily chart, we just mentioned,
but intraday, we're looking for

a move potentially to expand down
the low that, uh, 2375 level, and

also wiping out these equal highs.

So that's going to be the
scenario for the cable intraday

dollar CAD, still in its range.

As we indicated, I still wanted to see
that one 30 level it's been resisting.

And we've had no real
upside and no real downside.

It's still stuck in a range.

And again, it's all really ugly price
action work in a clear discernible

range, the body, the candles here, low
bodies of these candles highs we're

inside the middle of that equilibrium
rate right here, mid pin point on that.

So nothing is indicating higher or
lower for this pair because of that.

We had to sit on hands and wait.

We're waiting for displacement for bulls.

You get above here bears.

I'd like to see a trade.

Now that we're here, I would be
inclined to take a long $1 CAD.

If the dollar resumed its bullishness,
after taking out their cell stops on the

daily, over here and us CAD takes out
the low here and it shows a willingness.

It gets back above one 30 at
that level and gives us a bullet

shorter black on four hour basis.

The trade-off of which isn't here
because it hasn't gone below the low yet.

That would be a scenario that
I would like to be a buyer of.

But in here, I don't want to do anything
because it's not showing any clues

whatsoever that it wants to go higher or
lower with a high degree of probability.

Oh, is he dollar?

Okay.

We had a 77 32 yesterday.

The high, uh, we took out the high and
I said that if we didn't take out any of

the sell side liquidity before running
through the 77 big figure, they're

probably going to run it to 77 big
figure and then come back down and then

reach for a more, a deeper retracement
to come back for the sell side stops.

Indicated by this main threshold here.

If we break through that, the mean
threshold at this gives way, it's

going to be a straight shot running
for the stocks below here and more

perfectly below the body of this candle.

Right?

Get to lowest of all the
bodies of, of candles in here.

Forget the wicks for a second.

When I say Southside liquidly, we're
referencing the bodies of the candles.

First again, you use
that matrix for the PDR.

This is the one before
the lowest of the low.

Okay.

We have the bodies of the candles.

Okay.

So whenever I had the highlight on your
charts, you're doing that same breakdown

on a PD array matrix where the lowest is
the old, low, or an old high that's the

lowest for sell side or for discount.

But we're going to look for a move to
sweet below the openness candle, right?

76 20.

So if it gets through to main threshold
of this down candle, which is what we

highlighted yesterday, then if that's
the case, we'll see the market wants

to reach down potentially as low as.

76 20 and then drop down into
that 75 90 to 75 95 level, which

we were looking for, which could
potentially be a swing trade idea.

I'd like to see it trade down
there for a buy, but how we trade

here at this meeting threshold.

Um,

Interested to see, let's
what we see at this level.

If we can find support here and we bounced
and start the rally again, then managed

a lot strong than I thought it was.

And it's just going to make
a run for that 77 45, 77 50.

But given it's Friday,
it's profit taking this.

Market's been really bullish, you know?

It's it's about time for
it to give up something.

And they're going to make a run back down
for the sell side of liquidity or stops.

It means threshold is this level here.

We know that yesterday, so we are only a
couple of pips away from that hitting it.

It's the obvious draw to price here.

If we break through that
convincingly again, all eyes go

down to this level here, 76, 20,
and forget, going up for awhile.

Look for this level will be taken out
as in the next downside objective.

You're a pound.

We said that, uh, since cable is being
held in consolidation, the trade is

going to be in Euro pound, and you
can see the European has been rally

and we've come up and hit the bear
shorter block here, close in its range.

All this void is now been closed.

This would be done for the
objective for the week.

I don't really have anything else to
say about this pair, because again,

it's in line with what the cables
still in which causes consolidation.

Gold.

We're still looking for that,
uh, run above the high here.

So we've already blown through
the bodies of the candles.

We've hit through that.

The next target or objective is going
to be the high 1, 12 45 is called.

That was blow through
that as an objective.

And we're still looking for 1250.

That's the level I'd
like to see training to.

Um, it's.

I have 1251 on here.

So I guess it's probably anchored
to something, um, automatically, but

I'm looking specifically for 1250
as a target, as upside objective.

And at 3:00 AM.

I didn't wanna touch that
because it was going to do that.

So this throwaway horizontal line on

that's, what we're looking for for
gold as an objective, it would also

be one more run through this old.

Really nice response off the
level we indicated this week.

So we had a really, really nice, um,
gold play to study throughout this week.

I still want to see the buy-side liquid.

You get ran out before the close today.

It doesn't do that.

I hardly broken.

I just want to see it happen just
for general principle, but again,

we're still looking for 1250, nothing
indicating any bears this in here.

Even if it's going to turtle super
false break above this high, I

think it's certainly doable to get
to 12 50, 12 55 as an objective.

So if you are long, just be mindful,
take something off as soon as we get

above this high and then look for 1250
and be content with taking it off there.

If it's going to go hire a longer-term,
there are plea w plenty more

opportunities to get in along don't need.

Don't miss the opportunity to get
out with a really nice exit point.

And so.

This market is per, uh, perplexing.

Cause it's w it's going higher, but
it's going a snail's pace, the case,

very, very lethargic, uh, moving higher.

And if you trade this
metal, it's very expensive.

The whole.

Okay.

Even while it's going higher,
the, uh, the, the rollover can,

can pretty much chop you up.

And I think that's what they're
doing, even though it's been

bullish, they're making people pay a
premium, the whole distinct higher.

Okay.

So.

Yeah, you don't want to be trading
metals through your Forex broker.

You want to be trading
it through like a Forex?

Uh, I'm sorry, like a futures broker.

You're actually trading
the futures contract.

You don't have to pay, roll over or
anything like that, but when you're buying

silver like this, you end up paying some
rollover fees that can be expensive or.

And especially when they want
to be ignorant in my expression

of what they're doing.

I mean, yes, if they're taking a higher,
but if you look at all the transaction

fees and rollovers in a market like this,
um, it trust me, it's, it's expensive

and it eats and erodes a lot of your
profit that you would otherwise have from

being long down here in late December.

Do the math on that, uh, rollover fees.

It would, he roads a lot and he
can be still right on the market.

But in this, in this particular
market here sober the cost of owning

it long can be pretty expensive.

But we're still looking for 1821 upside.

Um, nothing in here indicating that
it's going to be weak or bears.

It still looks strong.

So that's the object
objective here still 1820.

And if we get continuation and run
through, I'd like to see some kind

of level like, uh, exuberance, okay.

Or capitulation where now everybody wants
to be a buyer and had something like this.

Maybe one or two days, like
this big candle here on the day.

If we could have something
like that, that would be cool.

That would be a nice

element to this uptrend.

That way it would be clearly
reaching for something.

And then we would know where then, but
right now it's just slowly crawling

up here and we've got to take every
institutional level at this point as

the next objective, because there's
just no real aggression to get up.

But even though it's still
making a stair-step climb.

We have to just make our
objectives rural short-term.

So in the next one, above 18, 20 would
be 1850 to 1880, then 19 and so on.

That's how we would continuously do
it unless we get some big blow off

candles on a daily where it starts
to slicing through camp objectives.

You know, there's no way for us to be.

Really pinpoint accurate with this
one, you just got to keep holding

on and see what it gives you.

But again, it costs to do that because
when you buy the metal through a

Forex broker, um, they beat you out
with the spread and the rollovers.

And that's the business
for, uh, for today.

I want to take a look one more time
at which one was that looking at here?

Um, dollar and.

People.

Yeah, I wish there was something
I could really talk about and get

dialed in on, but this doesn't
give me much to work with.

And I think you would all
quickly agree to, it's been a

little difficult this week with.

Using the higher timeframes for this type
of pair, uh, cable average, Pam versus us

dollar just can find its way out of this.

Uh, this range.

I would have really been excited
to see at least this low taken out.

Okay.

And then if we would have came
back to the levels we're at now,

then I'd say, okay, it's obvious.

We're going to make a run
for the buy-side liquidity.

Like in other words, if we
would have taken this low out.

Okay.

Or even this low, if we would have
taken this low out and then came

back to where we're at right now,
to me, I would see that as, okay.

Now this idea of this
supposed trendline here.

Okay.

That would be violated with some measure.

And it means we look for a move above
this high, above this high, and then maybe

even trading all the way back up to here.

Okay.

So this candles.

At 1 26 32, that could be what
gets sent up for upside objective.

And maybe not even get up to the
levels we're looking for here.

We're here.

It may just get the clothes in this void.

So that's what I'm looking for.

If we get some kind of a breakdown on
dollar on its daily chart, if we make a

run for the sell side liquidity down here
and maybe trade into this level, that

would be the catalyst I would see for.

Cable getting up here and closing
it all up to this candle's love.

So I'm going to have that on my chart now.

So that way, should we
see it come to fruition?

We've had it noted.

Highlight that chart for.

So that would be an upside objective
and I'll have this noted, but some

descriptors in our chart index today.

But, uh, that could be
the upside objective.

And again, that's 1 26 32.

So basically 1 26 30, that
would be upside objective.

Dollar index on a daily breakdown and make
a run for the sell side liquidity in here.

I think that would propel cable all the
way up here and take us all the way up

to 1 26 30 closing in that void here.

But apart from that folks, I don't see
anything else to be concerned with.

And I'm going to wish you will have a
very pleasant weekend and, uh, you will

have your two session teachings for
this week online by 8:00 PM tonight.

And I encourage you to go there.

And take a lot of notes and compare
what you're learning this month with

what you've arrived at in terms of
your understanding from January.

And I promise you, you're going to have
a great deal of understanding this week

about swing trading and how the markets
operate and how you frame setups.

And until then I wish you
good luck and good trading.