Original subtitles

Welcome back.

We're going to break curriculum a little bit here today.

Cause a number of you are grown quite antsy.

I think you're going through withdrawal for a lower timeframe stuff.

So I'm tossing this in here to just to jolt your attention.

Cause, and then a lot of you aren't going to be trading.

Long-term certainly take a look at some things this morning we have eight 30 noon.

Then we'll take a look at, if you haven't checked your Forex factory

or equivalent economic calendar,

let's take a look at the four X factory websites calendar.

See what we see.

Okay, you should be seeing the economic calendar for today.

we have Canadian dollar and HPI and unemployment claims for the dollar index.

So I'm expecting some movement for the CAD.

Um, we have 11:35 AM.

They speaker is going to be jawboning today as well.

At one 10, we have FLMC member Evan speaking.

So if we're going to see anything, it's going to happen in a flurry between

eight 30 and I'd say 10 o'clock in the morning, and everybody will probably

move to the sidelines from that point on and wait to see what everybody has

to say in regards to the respect of currencies and countries, a 1:30 PM.

British pound bank of England, governor Carney speaking as well.

So, and it's tonight at 7:30 PM.

Australian dollar monetary policy statement.

So, um, I'm going to talk a little bit about Canadian dollar this morning.

That's the one we're watching for the New York session.

And depending upon what we do on unemployment claims basis, the dollar.

Uh, that'll give us some indication of what we may see tonight during the

Australia and New Zealand session, going into Asia, uh, around that seven 30 time.

So we'll see, let's go back over to the charts.

Okay.

So this morning we had a little bit of a push on dollar higher, and then

we're back to neutral state for it.

And we have a Canadian dollar chart here.

Okay.

If we get an expansion on the downside could be looking

for liquidity below this low.

And the boxes you're seeing here are super secret sauce.

I can't talk about that.

Black coats in a straight jacket.

So show up at my house about, do that.

I'm just kidding.

It's just that, um, a delineation from midnight to noon, New York time.

So it's a 12 hour window.

I'll tell you how to use all that stuff.

Then we get into this, uh, intraday business.

But today we're just following along with, uh, price action, looking at

some things and want to take a look at the Aussie Aussie, I think may

want to run to catch up with the movement that's been seen in gold.

I like the liquidity pool up here,

so that gives us a 7 76.

Point seven seven zero zero level like that level from where we are right now.

So we could see that if we get the right conditions between this morning

at eight 30 and seven 30 tonight.

So in a monetary policy, uh, announcement comes out this evening.

My time seven 30.

PM.

That may be an area it reaches for.

So we'll be watching that, but looking for this this morning got

about 17 minutes, 16 minutes before unemployment claims come out.

Right.

It looks heavy as it is now.

So it may just make a straight run for it.

I'd like to see it come back.

Trade into this level here, you may give us an opportunity

to a paper trade in move.

And the reason why I had the box shaded around new.

I'm sorry.

Uh, midnight to noon is because that's when I told the central banks to be able

to reach me anytime before they're out.

After that, it's just not a good time for me and my family.

So

I'm testing your attention this morning folks.

Okay.

And, uh, other than away from intraday action as well.

So it'd be a little, uh, frisky.

Uh, noon is usually the cutoff time for.

And, uh, FX usually it's about to the end of the battery life

generally, and midnight is when we start our new financial day.

So that's the reason why it's blocked in.

And if you look at the, uh, day by day basis, you can see the

majority of the moves are always encapsulated by that shaded area.

So that's the skinny on that.

If you look at everything before it usually it's someone cumulation phase

and everything to the right of it, or after it would be a re cumulation stage

or where it goes into consolidation.

Now there's a small little bit of institutional order flow

off of this level in here.

So you gotta be mindful of this one around that 31.

10 to 31 big figure.

So we'll see if we get any kind of support there that would cause us to come back up

and get a retrade back into 31, 15 31 20.

Don't want to take it too, too far ahead of itself.

If it does, it's just a wash on day 30 announcement.

We want to keep someone range open that sort of frames, that opportunity.

If the trades all the way down or gets real close to it, it kind of makes the.

Real quick, silver.

I really like silver 18.

I think it's poised.

They run right up in that level.

There.

Just a few more minutes and we'll have our fireworks

check.

Yeah.

A few of you, uh, have been pretty pointed in your emails to me

regarding, uh, when we got to.

Live analysis, intraday.

Uh, when we get to that stage of our teachings, then it will be a lot of it.

It's all a little bit, but we're focusing on hard timeframe,

things that allow us to framework.

So that way, when I'm talking about the trades intraday in short term, I won't

have to go through a whole long-winded explanation and it won't be a million

questions like it usually is like, if I go and click on the box over here,

Yeah, it's just non-stop questions is the flurry of everything gone by.

So to avoid all that and to stick to the curriculum, we try to keep our

focus on the topic at hand, but to break, break up the monotony out, I'll

sit with you guys today to give you a little bit of an intraday perspective.

Now there's not really much in way of real excitement at this level.

There is liquidity below these lows in here, though.

We have layered short-term lows.

Whereas we have a higher, low here, a lower, low, a lower low, and now low here.

There's a lot of liquidity resting underneath this reference point

here and notice it's also an old area at which price has moved away.

And it's done it twice.

So this has already been used up in my opinion.

I don't think there's going to be a lot of orders here.

There may be a draw to that level.

Okay.

And then we may bounce through I'm sorry, not bouncy bounce off of it.

And it may become an area of short-term resistance up here.

So kind of like think of it like a inversion level or mitigation block.

If we get below this low of any significance, uh, ideally you

don't want to see it punch right through it and keep on going.

You want to see a trade down through it, come back up a fail at a higher

level, and then go back down one more time through this level.

Then we start eating into all this buy-side delivery to get rebalanced

back down to these equal highs in here.

So that would look like this.

30 35, 30, 40 in that area.

Let's take on this candle here.

You're 30, 40.

I like

So we'll see you in a few minutes, what we get in terms

of the unemployment numbers and.

Okay.

Take a look at British pound or cable.

All right.

So on the British pound, we have a really, really, really

nice liquidity void in here.

Now, inside this void, just to the left of it, we have a breaker

chatting, mindful that when you see something, something like this,

there's your breaker.

And we have price trade down here, here.

Here.

So from this low up to the close buy-side deliveries offer, but

watch what happens over here.

It's all leaving here.

So even though we had some balancing outlet in this little

WIC, we had the last up candle, which is the bare shorter block.

So when price left this low from that low.

Of the candle or green candle.

That moment there that's what starts to sell side delivery only.

So that's at the moment right there.

You make this,

this right here.

It's a fair value gap from this low down.

Then we got another exposed area from this.

Starting to hear frame it.

It had to go and move off that line.

Like I hate when it does that.

It very frustrating.

So we'd left this low here.

So from this point here, Dan.

To our present short-term high here.

We have a fair value gap here, or liquidity voids, a little

bit more of a void in here.

It's a larger range, same thing here.

So there, those are two upside areas at what price should

reach up into the close in.

So it looks like this

there's our level and the.

And our next level would be here.

Okay.

So that's how you get the level.

Sometimes you see me having a, my chart in the form of horizontal lines.

Why they're there now, we're looking for the upside on pound dollar to

reach up and trade into that area.

Fill that in.

But initially in short term, it would have to get to this one

first and then close it in here.

Very, very nice little.

Pocket of cell side delivery only.

So we'll be looking for price to try to reach up into that.

Doesn't have to happen today and could potentially be something that

ends up seeing a fruition by Friday.

But if it doesn't do that, we'll be watching that going into next week.

So this is a really good level to be watching if you are a day trader and

you're not really following along and studying the hard timeframes

like we're supposed to be doing

okay, dollar cat, let's keep her focused.

Got about five minutes for economic calendar news events are released.

Now we're below short-term low introducing on CAD.

And what you don't want to see is you don't want to see a lot of give back below

this low here there's been cell stops.

We're already absorbing that.

So you don't want to see it trade back up much.

When the reports come out, you want to sync them up a little bit, have some

difficulty there, and then immediately find some kind of a brick wall type effect

right around this, this level right here.

And what I'm highlighting is the last down candle right before the move in here.

So they should be mitigating.

Any of those buys that they used that saw a movement hiring.

They should be able to pull them off or mitigate that.

And that would promote freedom for the market to trade lower.

And that would in effect, allow cable to rally Australian dollar rally

and.

I don't really care too much for hero heroes in a moderate now.

It should be a little bit easier to see now.

Very nice introduction for dollar cat avoidant here came back

up, close in that range, lower

last up candle during lunch.

Came on, trade it back into that.

Rejected it nicely.

We are we're in the heart of New York now.

So we're two minutes away from economic calendar.

Again, I'd like to see, this is what I'd like to see.

I'd like to see a trade up and hit this level here on the news, but

then like really stop right there.

I don't want to see it expand lower before the news presents.

It's going to be indicating it wants to reach for.

Liquidity and then pair that up and then run the other way or up, which

is doesn't make sense for me in here.

Just over a minute and then release the news comes out

quick.

Look at the dollar index.

Dollar stuck.

We have bicep up here to sell SaaS below here and we're right in the middle.

No real clear indication.

What it wants to reach for intraday.

Less than a minute.

Okay, eight 30.

We should see some volatility in here now.

No significant movement.

Yeah.

From the dollar index cable still flat.

All.

Geez.

Give back a little bit.

We're watching this level.

Here are $1 cat 31 20, or thereabouts.

Here's your level.

I want to see if there's any willingness to see it go lower from there.

Does it reject that level to the whole?

There is a drive through a little bit deeper.

We want to see it react aggressively away from it.

That would indicate that they're mitigating any longs they had in here and

price would make a rotation, lower going.

Potentially the 30, 77 or 1 30, 80 institutional level.

See the reaction on that level.

Too.

You have to watch this short term low on here below at get

to show up 31 0 5 of the trades.

The 31 big figure can, it should expand down below in the algorithm

should seek liquidity below in the realm of 1 30, 91 38.

Anything above this level and here now the trades back above it, it's going to

want to run the stops intraday up here.

The dollar index is simply can't move out of where it's at.

The people on the sidelines today, some big talkers today.

It feels odd looking at these lower timeframe charts.

I mean, I'm used to looking at the, uh, the daily chart now after so many weeks.

Last and see if this candle here, what's a flip and go bears.

That will be nice because we want to see its willingness to get below.

This is low.

If it does, we want to see expansion lower.

That's what we'd be looking for.

We don't want to see at this tip its head below that low.

We want to see it run and start to expand.

Okay.

There's nothing wrong about intraday charting or lower timeframes.

He's got to keep it imbalanced.

Don't uh, I think if you look at, what's been shown thus far in 2017, uh, you

can see clearly there's an advantage of knowing what the hard timeframes are.

And then how many times really do you get a high probability entry

or set up on a lower timeframe?

It's not as many as you probably thought.

And that was the, that was the goal to get you thinking like, Hey look,

the answer is not in the entire day.

The answer is in the higher timeframe and then use the lower

timeframes to get yourself.

With a low risk, high probability entry, but there's a framework that

goes along with all those ideas.

Not just, just because you're on a lower timeframe, therefore

it's going to be a lot of trades.

Well, there's a lot of trades doesn't mean they're going

to be a lot of profitability.

Um, I'm not, I wouldn't, I would not be trading today.

And like I said, I preface it by, uh, before I started this session today.

And I kind of mentioned it last night in the recap video that, uh, there's

a few of you that are just really, really being impatient right now.

And I'm going to be bold and to say it like it is, um, I know what you want.

You want me sitting here telling you what to do intraday or giving trades,

but I'm showing you how the trades.

And to get to that point, we've got to go through the material.

So I would not be trading today, but I'm actually sitting in forcing myself

over the charts to tell you what I think price may do given the economic calendar.

Like we were saying this morning, there's a couple of different things in the way,

and you have a very small pocket of time before those impactful news events would

be barriers to the runs on liquidity.

Now thinking in terms of like, say this, say this 15 minute

chart, say this was a daily chart.

Okay.

The reaction that we saw off this level here.

Okay.

It went up and hit it and we retraced.

Now it could have been a number of pips, a lot of pips, and that

could have been an intraday trade.

Whereas in this case, it's such a small little range because prices is

fractal all these same approaches.

If you apply it to a daily chart or say you apply it to a weekly chart, say this

was each one of these candles represented.

Not 15 minutes, the same elements are there.

It's mitigation, it hit.

And it was a reaction that much of a reaction on a weekly range

would be significant on a daily.

It would be a significant intraday trading opportunity, but not so

much on a 15 minute timeframe,

uh, each element.

Uh, Jeff's got a good question.

At what, at what point is all this going to be tied together from

higher timeframe and lower timeframe?

So what we do is we give the framework for each discipline.

Like right now we're focusing primarily on swing trading.

So that's going to be based on monthly, weekly, and daily setups

and executing on a four hour.

And then we'll do, um, working from a short-term traders perspective next month.

And we'll be doing basically the same thing we're doing for this month, but just

focusing on short term traits where you're really executing on an hourly chart using

the daily four hour, but re referencing everything we've learned in January.

And then what we're kind of uncover here.

So what I've done is I've made the perspective from a macro view using

all the higher timeframe things, and I slowly gravitate you back down and.

These lowered intraday charts down into a five minute chart.

So you'll be able to go insane with reducing the number of, uh, uh,

lots you can do by keeping the risk.

It's still relative to whatever percentage you want to have on your equity base.

So at the end, when you've done the mentorship, you'll have every

facet of how I interpret the market.

So you can go in any time frame and trade it.

But at this point, because we're in individual disciplines like swing

trading, you'll know how to use.

The, uh, the respect of lower timeframes to a four hour chart at the end of this

month, you don't need anything less than a four hour chart to trade profitably,

swing trading, but you'll end up using by default because everyone's going to want

to do the same thing when they learn it to reduce the risk down to a very, very

small number of pips and still have the precision that's L that's available by

doing it using lower timeframe chart.

I appreciate that.

Casper,

the appreciation for, uh, delivering it the way I'm doing it.

I know most of you, if you were able to read the emails I had, there was a

number of, you were saying, I'm not so sure this is the right way you should do.

But I just keep referring back to the fact that this isn't the first

time I taught people doing this.

So like I said, you got to trust me if you don't trust me, there's

no point in you staying here.

Um, why use the downcast.

And I'm assuming that you're referring to this one here.

Yes.

I want to make sure I understand you before I go forward.

Okay.

When, when the markets create a movement higher in a trade higher,

not just on one candle, but a series of moves or a particular range.

That's considerable.

Now in this timeframe, know this is a considerable move.

It stands out.

It's an obvious price swing.

Okay.

So we understand that if this market moved higher, there has been some

measure of buying now, retail, small little fish can't move price like this.

So there has been some buying in here when this occurs and

it causes displacement and.

Because the price is only going to be permitted to move when it's favorable

for the bank or the institutions, the down move right before that

smart money buys and down candles.

So if we have seen a move higher and then we've moved lower and

broke that short, low right in here, which is what we've done prior to us

coming on to the live session this morning, when that low is violent.

The expectation is okay, this move higher.

And we have an expectation for dollar Cavin move lower.

That's what we were assuming this morning, going in anyone that has a long

position in here, they're underwater at this point to mitigate that they

would allow price to get back up to this down candle where the last buying.

When it trades back up to that level, that's when mitigation takes

place, that means that they can square their positions off and move

to the sidelines or add new shorts.

Does that make sense now?

Um, some of them are ma the question is, is how are some of the people

that I've trained in the past?

Some of them are fun fund managers, some of them.

I have two guys that run prop firms.

Um, other, most of them are just independent traders.

They don't do anything but manager.

Uh, I try to keep the conspiracy stuff out of.

Types of the sessions and from the mentorship, that's why I keep

the free to Twitter and I'll keep the YouTube channel open for that.

I try to keep it business here only.

All right, just pay attention.

Now we have price opening, a new candle.

We have a nice rejection in here.

We want to see price, want to seek out liquidity below that low.

If we get below this low and here, we want to see expansion.

That means that the candle should become bigger and longer.

And, um, We do not want to see it.

Come back up to this level here again, before it reaches to the lower lane,

it doesn't have to get all the way down to 30, 80, or anything like that.

Uh, that's the objective we're reaching for relative to time, but

I'd like to see it make a move forward before equities open, but I'm not

going to stay with you that long.

I'm going to be with you another five or minutes.

And I want to close this.

All right, Gerard is here.

So we're going to end up, uh, closing session.

Now he came in late, so we're going to punish him.

Uh, It'll be in the recording.

It's not, it's not terribly exciting or just looking at a small little

reaction off of mitigation block

on a personal note.

Maryland in our area.

They closed school, not closed.

They delayed schools several hours this morning for nothing.

Uh, we don't have any snow out here.

We, it was a little bit of flurries, so I'm trying to get this done

before my little ones get up.

Once they get up, I will not be able to talk with you.

My wife is not with me today, so she can't corral them.

Uh, as far as platforms that I used to trade and how my setup has done, you'll

actually get to see my whole get up.

Uh, when we get into the day trading model, I'll actually show

you my coveted trade station.

Now I have it set up so you guys can see all that.

Let's take one quick, look over to dollar index.

Yeah, it's dark.

It's with a dollar moving nowhere.

Like it is here.

It's going to be problematic for the market to find any kind of legs,

all the dollars, trying to make a run for its intraday high today might get it.

I really like these levels on cable to have these levels on your charts.

Folks just be mindful to, this is probably where we're going

to proceed cable reach up into

if we consolidate in here.

And I, as a closing note, if we consolidate here in,

don't make a move about.

This level, and here we may be just consolidating for the news

to come out a little later.

I think at that 11 o'clock hour, there was something else we had, uh, for

Canadian dollar it made see it's a movement on that release, but, uh, and

here I would not be favoring along.

I would look for continuation on the lower end.

But being mindful that we don't want to see a trade back above that level,

because it's already traded there.

It's already shown a willingness to want to give evidence that it's

mitigated long positions in here.

So we want to see it erode below this low and start to show some expansion and

reach for a, you want to look at, uh, 39.

And 30, 80, but it could go, it could go down to 30, 75 on a spike

if it can get down there at all.

But given the fact that the dollar index is, has held really, really tight

in a range, I'd like to see it and make a run for its cell stops in here.

That would be nice.

That would give freedom for a dollar cat to trade lower.

But given where it's at now, it's not that high probability.

I really, really like.

Table though.

I like that

dependent by how far we get a ball.

This short-term high in here.

If we can come back down into this down candle, assuming after we get above

this high, if it doesn't run too fast, if it comes back down, it gives an

opportunity to touch this to high, that candle that may be a buying opportunity

to get you to 26, 10 to what's the other level I got to get this thing out.

26 40.

So that could be your levels for a Friday cable.

Yup.

Nothing terribly exciting folks.

Um, the highlight was a small little reaction here.

Big deal, but, uh, That's the brakes.

We will be again, we're going to have a live session tomorrow early again.

It'll probably be another eight o'clock session.

Um, I have to make sure I have plenty of time to go through.

The two teachings and not have any errors.

Uh, last month we had two slides, the head issues.

I had a resolve at a later time, so I'm, I have a lot more

proofreading time and go through it.

So by having me, uh, get the last session out of the way tomorrow early, that'll

give me a lot more time to make sure I can close that delivery window by 8:00

PM on Fridays that we have all your content delivered by 8:00 PM and you can

have the whole weekend to go through it.

I want to close it here.

I'm going to oh, real quick.

Um, as it relates to brokers, I promise I'd mentioned this.

Thank you very much, Jeff.

Uh, prodding me about FXCM ethics cm.

Obviously, if you haven't already heard about it, they have been

slapped by the CFTC commodity futures, trading commission, and removed their

ability to operate in the states.

Uh, for those that have accounts with them, um, that are in our mentorship,

they have been reaching out to me in regards to my personal opinion that I sent

a tweet via the free Twitter, because I got more people following me on that one.

Then obviously in the mentorship.

Um, I just basically said in my personal opinion, and I don't have any

affiliation with them, but , um, I had, uh, I had ex experience with them and

had an account with them in the past.

So, um, they treated me pretty, fairly, I didn't have any real

major complaints about them.

Um, I did tell her when to stay away from FXCM, but the, uh, there's a few

that are taking a look at other brokers that I do not have experience with.

And I'll invite you all to exchange your ideas.

And, and experiences about other brokers through the forum.

Use that medium to do that.

Um, me personally, though, if it's a retail brokerage firm gun to my head,

um, um, they will be obviously Owanda, so I'm entering the Robin's cup and they use

gain for their, for X, uh, clearinghouse.

So I don't have any experience with them either, but you'll obviously know

the experience because it's going to be on my effects book and it's going

to be linked to the world cup results.

So it is what it is.

I don't know how they're going to treat me in terms of customer

service and execution, but you'll certainly know all about it.

Um, as a secondary side note, Um, the things that I do in that account, I'm

going to be doing small little videos when I can very little small pieces explaining

what I'm looking to do, why I'm trying to trade what I'm trying to trade, because

I want to document it as much as I can.

Um, I'm not sure how I'm going to deliver that, but it will be.

And I'm don't know if I'm going to release these videos publicly everyone, or if I'm

going to make that available to you all.

I don't know how, I don't know how I'm going to do that, but I don't know.

I want to document it.

So that way I'll be talking about the setups.

I'm going to be using internet.

So everything I'll try and keep it as.

Uh, I don't know, let's put it that way.

I don't know how it's going to be done, but I know it's going to be

through my effects book and my name will be on the top of that list.

So Richard Hom will no longer be the top of that list for 2017 Forex X division.

He was at 90%, uh, like 96% the other day.

And he just lost like 30% of his equity in one day.

So.

It, ain't going to take much to get a couple hundred percent over top of that.

So I'm not worried about it, but my on depositing money, uh, the last week of

February, because I want to make sure I get through this month's content and build

in one week's worth of lessons that we always have one week ahead right now, as

it is, um, doctoring up the notes that I have and producing them on a weekly basis.

So if I'm going to be doing any contest type thing, I want to have

at least a buffer of one week.

Trading content.

So that way our lessons don't be, they're not affected by it.

So the trades I'm going to do, um, our real trays that would be doing you.

Normally, I'm going to be risking 5% on all the trades

that I deal in that contest.

So that's what my equity gearing is going to be.

So all my trades will have a maximum that that requires it, but I will

allow it to 5% risk on each trade.

And I'm going to basically try to do my best to.

Better than I did when I was trading against AMS trader.

So that's the business.

Um, yeah, they require you to open up with a minimum of 5,000.

So since it's a percentage basis only, um, I'm only gonna use the 5,000 to do it.

They don't show you like balances or anything like that.

I'll use the, my effects book for that purpose.

All right.

So that's the business.

I'm going to try to hit 12000% return and destroy Larry Williams, his record on.

That website.

So I'm going to try my best to do that.

But right now, the first of the month, uh, I'm sorry, the first month of the year

to do this, not really good trading wants to do so I've allowed the folks to show.

I wanted to see who stands out right now.

So far, the, the guy Richard Hom, he's the one that took the lead in

the highest he had with 96% return.

So I'm not convinced that that's going to be a problem.

So.

Working my tail off going through March to March 1st will be my first.

Uh, well, I don't know.

I gotta take a look at the cannabis.

The March will be the first trading.

I'll be making available my, of my effects book to the public, and everybody know

that I do have the positive on with gain.

I am linked up with Robin's world cup and that's the business.

So it won't affect our mentorship and loud.

He actually been chiming in saying, you know, I'm doing too much now.

Um, once I get it set up, it's just making trades.

I mean, it's not like I'm doing anything really outside of what I normally doing

on this to making trades do another.

Um, I don't know if Larry Williams, um, seminar I was in the other day

is available, but, uh, there's some, there's a couple of things that I want

to make note of that he mentioned in there that I thought were interesting.

But, uh, that's the business.

So I'm going to close this one here and I'm doing a little bit of a ramble now.

So just be mindful of this level.

We don't want to see it give up.

We want to see it expand lower.

It might do that intraday after the 11 o'clock hour news.

So just be mindful of that and pay attention to your Twitter tonight

around seven 30 my time, because we'll probably be tweeting about the, uh,

Australian dollar, um, around seven.

PM my time, have your, uh, forum open and have it.

So that way, when I send you a tweet, when you click on the link in the Twitter,

it'll take you right into the forum.

If you don't have that set up, it slows you down.

Okay.

So just be mindful that, and tomorrow look for a pound dollar to

try to reach for these levels of.

And if not, we'll see those as objectives for next week.

So there's a little bit of a range in there for you guys to be monitoring

until I talk to you again tomorrow.

And I'll give you a recap for you tonight, but I'll talk with you guys

a lot tomorrow again at 8:00 AM.

New York time.

Wish good luck and good trading.